STOP
(S (PP In (NP (NP an Oct. 19 review )NP (PP of (NP `` (NP The *UNKC )NP '' (PP at (NP (NP Chicago 's )NP *UNKC *UNKC )NP )PP )NP )PP (PRN -LRB- `` (S (NP *UNKED *UNKC )NP (VP *UNKC (NP the *UNKC )NP (PP in (NP *UNKC City )NP )PP )VP )S , '' (NP *UNKC & *UNKC )NP -RRB- )PRN )NP )PP , (NP (NP (NP the role )NP (PP of (NP *UNKC )NP )PP )NP , (VP played (PP by (NP *UNKC *UNKC )NP )PP )VP , )NP (VP was (VP (ADVP *UNKLY )ADVP attributed (PP to (NP *UNKC *UNKC )NP )PP )VP )VP . )S  STOP
(S (NP Ms. *UNKC )NP (VP plays (NP *UNKC )NP )VP . )S  STOP
(S (NP *UNKC Motor *UNKC Inc. )NP (VP said (SBAR (S (NP it )NP (VP expects (S (NP its U.S. sales )NP (VP to (VP remain (ADJP steady )ADJP (PP at (NP (QP about *UNKN )QP cars )NP )PP (PP in (NP 1990 )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The luxury auto maker )NP (NP last year )NP (VP sold (NP *UNKN cars )NP (PP in (NP the U.S. )NP )PP )VP )S  STOP
(S (NP (NP Howard *UNKC )NP , (NP (NP president )NP and (NP chief executive officer )NP )NP , )NP (VP said (SBAR (S (NP he )NP (VP *UNK (NP (NP growth )NP (PP for (NP the luxury auto maker )NP )PP (PP (PP in (NP Britain and Europe )NP )PP , and (PP in (NP (ADJP Far Eastern )ADJP markets )NP )PP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC *UNKC Inc. )NP (VP increased (NP its quarterly )NP (PP to (NP 10 cents )NP )PP (PP from (NP (NP seven cents )NP (NP a share )NP )NP )PP )VP . )S  STOP
(S (NP The new rate )NP (VP will (VP be (ADJP payable (NP Feb. 15 )NP )ADJP )VP )VP . )S  STOP
(S (NP A record date )NP (VP has n't (VP been (VP set )VP )VP )VP . )S  STOP
(S (NP (NP Bell )NP , (VP based (PP in (NP Los Angeles )NP )PP )VP , )NP (VP makes and *UNK (NP (UCP electronic , computer and building )UCP products )NP )VP . )S  STOP
(S (NP Investors )NP (VP are (VP *UNKING (PP to (NP the Securities and Exchange Commission )NP )PP (S not (VP to (VP limit (NP (NP their access )NP (PP to (NP (NP information )NP (PP about (NP (NP stock purchases and sales )NP (PP by (NP corporate insiders )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP A SEC proposal (S (VP to (VP ease (NP (NP reporting requirements )NP (PP for (NP some company executives )NP )PP )NP )VP )VP )S )NP (VP would (VP *UNK (NP (NP the *UNK )NP (PP of (NP (NP information )NP (PP on (NP insider trades )NP )PP )NP )PP (PP as (NP a *UNKING tool )NP )PP )NP )VP )VP )S , (NP (NP individual investors )NP and (NP professional money managers )NP )NP (VP contend )VP . )S  STOP
(S (NP They )NP (VP make (NP the argument )NP (PP in (NP (NP letters )NP (PP to (NP the agency )NP )PP (PP about (NP (NP rule changes )NP (VP proposed (NP this past summer )NP )VP (SBAR (WHNP that )WHNP , (S (PP among (NP other things )NP )PP , (VP would (VP *UNK (NP many *UNK- executives )NP (PP from (S (VP reporting (NP (NP trades )NP (PP in (NP (NP their own companies ' )NP shares )NP )PP )NP )VP )S )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP The proposed changes )NP (ADVP also )ADVP (VP would (VP allow (S (NP executives )NP (VP to (VP report (NP (NP *UNK )NP (PP of (NP options )NP )PP )NP (ADVP (ADVP later )ADVP and (ADVP less often )ADVP )ADVP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Many )NP (PP of (NP the letters )NP )PP )NP (VP maintain (SBAR that (S (S (NP investor confidence )NP (VP has (VP been (VP (ADVP so )ADVP *UNK (PP by (NP the 1987 stock market crash )NP )PP )VP )VP )VP )S -- and (S (NP the markets )NP (ADVP already )ADVP (VP (ADVP so )ADVP *UNKED (PP against (NP the little guy )NP )PP )VP )S -- (SBAR that (S (NP (NP any decrease )NP (PP in (NP (NP information )NP (PP on (NP *UNKING *UNK )NP )PP )NP )PP )NP (VP might (VP *UNK (S (NP individuals )NP (VP to (VP get (ADVP out (PP of (NP stocks )NP )PP )ADVP (ADVP *UNK )ADVP )VP )VP )S )VP )VP )S )SBAR )S )SBAR )VP . )S  STOP
(SINV `` (S (NP The SEC )NP (VP has (ADVP *UNKLY )ADVP (VP paid (NP *UNK )NP (PP to (NP (NP the *UNK )NP (PP of (NP a level playing field )NP )PP )NP )PP )VP )VP )S , '' (VP wrote )VP (NP (NP *UNKC S. *UNKC )NP (PP of (NP (NP *UNKC )NP , (NP Ill. )NP , )NP )PP )NP (PP in (NP (NP one )NP (PP of (NP (NP the *UNK letters )NP (SBAR (S (NP the agency )NP (VP has (VP received (SBAR since (S (NP the changes )NP (VP were (VP proposed (NP Aug. 17 )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )NP )PP . )SINV  STOP
(S `` (ADVP *UNKLY )ADVP (NP the commission )NP (VP did not (ADVP really )ADVP (VP believe (PP in (NP this ideal )NP )PP )VP )VP . '' )S  STOP
(S (ADVP Currently )ADVP , (NP the rules )NP (VP force (S (NP (NP executives )NP , (NP directors )NP and (NP other corporate insiders )NP )NP (VP to (VP report (NP (NP purchases and sales )NP (PP of (NP (NP their companies ' )NP shares )NP )PP )NP (PP within (NP (NP (QP about a )QP month )NP (PP after (NP the transaction )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S But (NP (NP (QP about 25 )QP % )NP (PP of (NP the insiders )NP )PP )NP , (PP according (PP to (NP SEC figures )NP )PP )PP , (VP file (NP their reports )NP (ADVP late )ADVP )VP . )S  STOP
(SINV (S (NP The changes )NP (VP were (VP proposed (PP in (NP an effort (S (VP to (VP (VP *UNK (NP federal bureaucracy )NP )VP and (VP boost (NP (NP compliance )NP (PP by (NP (NP the executives )NP `` (SBAR (WHNP who )WHNP (S (VP are (ADVP really )ADVP (VP calling (NP the *UNK )NP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )VP )S )NP )PP )VP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP special counsel )NP (PP at (NP (NP (NP (NP the SEC 's )NP office )NP (PP of (NP disclosure policy )NP )PP )NP , (SBAR (WHNP which )WHNP (S (VP proposed (NP the changes )NP )VP )S )SBAR )NP )PP )NP )NP . )SINV  STOP
(S (S (S (NP (NP Investors )NP , (NP money managers )NP and (NP corporate officials )NP )NP (VP had (PP until (NP today )NP )PP (S (VP to (VP comment (PP on (NP the proposals )NP )PP )VP )VP )S )VP )S , and (S (NP the issue )NP (VP has (VP produced (NP (NP more mail )NP (PP than (NP (NP (ADJP almost any )ADJP other issue )NP (PP in (NP memory )NP )PP )NP )PP )NP )VP )VP )S )S , (NP Mr. Lane )NP (VP said )VP . )S  STOP
(S (S (NP The SEC )NP (VP will (ADVP probably )ADVP (VP vote (PP on (NP the proposal )NP )PP (NP early next year )NP )VP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (NP (NP Not all those )NP (SBAR (WHNP who )WHNP (S (VP wrote )VP )S )SBAR )NP (VP oppose (NP the changes )NP )VP . )S  STOP
(S (NP (NP The Committee )NP (PP on (NP (NP Federal *UNKC )NP (PP of (NP Securities )NP )PP )NP )PP (PP for (NP the American *UNKC Association )NP )PP )NP (VP argues , (PP for (NP example )NP )PP , (PP in (NP (NP its *UNK letter )NP (PP to (NP the SEC )NP )PP )NP )PP , (SBAR that (S (NP the proposed changes )NP `` (VP would (VP (ADVP substantially )ADVP improve (NP the (PRN -LCB- law -RCB- )PRN )NP (PP by (S (VP *UNKING (NP it )NP (ADVP more closely )ADVP (PP to (NP *UNK business *UNK )NP )PP )VP )S )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (SBAR (WHNP What )WHNP (S (NP (NP the investors )NP (SBAR (WHNP who )WHNP (S (VP oppose (NP the proposed changes )NP )VP )S )SBAR )NP (VP *UNK (PP to )PP (ADVP most )ADVP )VP )S )SBAR (VP is (NP (NP the effect )NP (SBAR (S (NP they )NP (VP say (SBAR (S (NP the proposal )NP (VP would (VP have (PP on (NP their ability (S (VP to (VP spot (NP (NP (NP *UNK `` *UNK '' )NP (PP of (NP trading activity )NP )PP )NP -- (NP (NP buying or selling )NP (PP by (NP (QP more than one )QP officer or director )NP )PP (PP within (NP (NP a short period )NP (PP of (NP time )NP )PP )NP )PP )NP )NP )VP )VP )S )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )NP )VP . )S  STOP
(S (PP According (PP to (NP some estimates )NP )PP )PP , (NP the rule changes )NP (VP would (VP cut (NP insider filings )NP (PP by (NP (NP more )NP (PP than (NP a third )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The SEC 's )NP Mr. Lane )NP (VP (ADVP *UNKLY )ADVP disputed (NP those estimates )NP )VP . )S  STOP
(S (S (NP The rules )NP (VP will (VP eliminate (NP (NP filings *UNKING divisions )NP , (PP such as (NP (NP sales )NP , (NP marketing )NP , (NP finance )NP and (NP research and development )NP )NP )PP )NP )VP )VP )S , (NP Mr. Lane )NP (VP said )VP . )S  STOP
(S (S (NP The proposed rules )NP (ADVP also )ADVP (VP would (VP be (ADJP tougher (PP on (NP (NP the insiders )NP (VP (ADVP still )ADVP required (S (VP to (VP file (NP reports )NP )VP )VP )S )VP )NP )PP )ADJP )VP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (NP Companies )NP (VP would (VP be (VP *UNKED (S (VP to (VP publish (PP in (NP annual *UNK statements )NP )PP (NP (NP the names )NP (PP of (NP (NP insiders )NP (SBAR (WHNP who )WHNP (S (VP fail (S (VP to (VP file (NP reports )NP (PP on (NP time )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (S (VP *UNKED (PP as (NP a whole )NP )PP )VP )S (PRN , (S (NP Mr. Lane )NP (VP said )VP )S , )PRN (NP (NP the filings )NP (VP required (PP under (NP the proposed rules )NP )PP )VP )NP `` (VP will (VP be (ADJP (ADVP at least as )ADVP effective (PRN , (SBAR if (FRAG not (ADVP more so )ADVP )FRAG )SBAR , )PRN )ADJP (PP for (NP (NP investors )NP (VP following (NP transactions )NP )VP )NP )PP )VP )VP . '' )S  STOP
(S But (NP (NP Robert *UNKC )NP , (NP (NP president )NP (PP of (NP (NP *UNKC )NP , (NP (NP a (NAC North Miami , Fla. , )NAC company )NP (SBAR (WHNP that )WHNP (S (VP packages and sells (NP the *UNKING data )NP )VP )S )SBAR )NP )NP )PP )NP , )NP (VP said (SBAR (S (NP the proposal )NP (VP is (VP *UNKED (ADVP (ADVP so *UNKLY )ADVP (SBAR that (S (NP key officials )NP (VP may (VP fail (S (VP to (VP file (NP the reports )NP )VP )VP )S )VP )VP )S )SBAR )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Many investors )NP (VP wrote (S (VP asking (NP the SEC )NP (S (VP to (VP require (S (NP insiders )NP (VP to (VP report (NP their purchases and sales )NP (ADVP (ADVP immediately )ADVP , not (ADVP (NP a month )NP later )ADVP )ADVP )VP )VP )S )VP )VP )S )VP )S )VP . )S  STOP
(S But (NP Mr. Lane )NP (VP said (SBAR that (S (SBAR while (S (NP the SEC )NP (VP *UNK (SBAR (WHNP who )WHNP (S (VP *UNK )VP )S )SBAR )VP )S )SBAR , (NP the law )NP (VP tells (NP them )NP (SBAR (WHADVP when )WHADVP (S (VP to (VP do (ADVP so )ADVP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Investors )NP (SBAR (WHNP who )WHNP (S (VP want (S (VP to (VP change (NP the required timing )NP )VP )VP )S )VP )S )SBAR )NP (VP should (VP write (NP (NP their representatives )NP (PP in (NP Congress )NP )PP )NP )VP )VP )S , (NP he )NP (VP added )VP . )S  STOP
(S (S (NP The SEC )NP (VP would (ADVP likely )ADVP (VP be (ADJP *UNK (PP to (NP (NP legislation )NP (SBAR (WHNP that )WHNP (S (VP required (S (NP insiders )NP (VP to (VP file (NP transactions )NP (PP on (NP a (ADJP more *UNKLY )ADJP basis )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )ADJP )VP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (NP (NP (NP The nation 's )NP largest pension fund )NP , (SBAR (WHNP which )WHNP (S (VP oversees (NP (QP $ 80 billion )QP )NP (PP for (NP college employees )NP )PP )VP )S )SBAR , )NP (VP plans (S (VP to (VP offer (NP two new investment options )NP (PP to (NP its (QP 1.2 million )QP participants )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The *UNKC Insurance and *UNKC *UNKC *UNKC *UNKC Fund )NP (VP said (SBAR (S (NP it )NP (VP will (VP introduce (NP (NP (NP a stock and bond fund )NP (SBAR (WHNP that )WHNP (S (VP will (VP invest (PP in (NP `` (ADJP *UNKLY responsible )ADJP '' companies )NP )PP )VP )VP )S )SBAR )NP , and (NP a bond fund )NP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Both funds )NP (VP are (VP expected (S (VP to (VP begin (NP operation )NP (PP around (NP March 1 )NP )PP , (ADJP subject (PP to (NP Securities and Exchange Commission approval )NP )PP )ADJP )VP )VP )S )VP )VP . )S  STOP
(S (SBAR For (S (NP its employees )NP (VP to (VP sign (PRT up )PRT (PP for (NP the options )NP )PP )VP )VP )S )SBAR , (NP a college )NP (ADVP also )ADVP (VP must (VP approve (NP the plan )NP )VP )VP . )S  STOP
(S (NP (QP Some *UNKN )QP institutions )NP (VP are (NP (NP part )NP (PP of (NP the pension fund )NP )PP )NP )VP . )S  STOP
(S (NP The new options )NP (VP carry (PRT out )PRT (NP (NP part )NP (PP of (NP (NP an agreement )NP (SBAR (WHNP that )WHNP (S (NP the pension fund )NP , (S (PP under (NP pressure (S (VP (VP to (VP *UNK (NP its strict participation rules )NP )VP )VP and (VP to (VP provide (NP more investment options )NP )VP )VP )VP )S )NP )PP )S , (VP reached (PP with (NP the SEC )NP )PP (PP in (NP December )NP )PP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP The new `` social choice '' fund )NP (VP will (VP *UNK (NP (NP securities )NP (PP of (NP (NP companies )NP (VP linked (PP to (NP (NP South Africa )NP , (NP nuclear power )NP and (PP in (NP some cases )NP )PP , (NP Northern Ireland )NP )NP )PP )VP )NP )PP )NP )VP )VP . )S  STOP
(SINV (ADVP Also )ADVP (VP *UNKED )VP (VP will (VP be )VP )VP (NP (NP investments )NP (PP in (NP (NP companies )NP (PP with (NP (NP `` significant '' business )NP (VP stemming (PP from (NP (NP weapons *UNK )NP , (NP *UNK *UNK )NP or (NP tobacco )NP )NP )PP )VP )NP )PP )NP )PP )NP . )SINV  STOP
(S (NP (NP *UNKC percent )NP (PP of (NP the fund )NP )PP )NP (VP will (VP be (VP invested (PP in (NP stocks )NP )PP , (PP with (S (NP the rest )NP (VP going (PP into (NP (NP bonds )NP or (NP short-term investments )NP )NP )PP )VP )S )PP )VP )VP )VP . )S  STOP
(S (NP The bond fund )NP (VP will (VP invest (PP in (NP (NP (ADJP *UNK- or *UNK- )ADJP bonds )NP , (NP mortgages )NP or (NP (NP asset-backed securities )NP , (PP including (NP (NP (QP as much as 15 )QP % )NP (PP in (NP foreign securities )NP )PP )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP The fund )NP (ADVP also )ADVP (VP might (VP buy and sell (NP futures and options contracts )NP , (ADJP subject (PP to (NP (NP approval )NP (PP by (NP the New York State Insurance Department )NP )PP )NP )PP )ADJP )VP )VP . )S  STOP
(S (PP Under (NP two new features )NP )PP , (NP participants )NP (VP will (VP be (ADJP able (S (VP to (VP (VP transfer (NP money )NP (PP from (NP the new funds )NP )PP (PP to (NP other investment funds )NP )PP )VP or (VP (PRN , (SBAR if (S (NP their jobs )NP (VP are (VP *UNKED )VP )VP )S )SBAR , )PRN receive (NP cash )NP (PP from (NP the funds )NP )PP )VP )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (NP (NP The investment choices )NP (VP offered (PP by (NP the pension fund )NP )PP )VP )NP (ADVP currently )ADVP (VP are (VP limited (PP to (NP (NP a stock fund )NP , (NP an *UNK )NP and (NP a money-market fund )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP New *UNKC *UNKC Co. )NP , (NP (NP a maker )NP (PP of (NP biotechnology *UNK and equipment )NP )PP )NP , )NP (VP said (SBAR (S (NP it )NP (VP adopted (NP (NP an *UNK- plan )NP (VP giving (NP shareholders )NP (NP the right (S (VP to (VP purchase (NP shares )NP (PP at (NP half price )NP )PP (PP under (NP certain conditions )NP )PP )VP )VP )S )NP )VP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP the plan )NP , (S (PP under (NP review )NP )PP (PP for (NP some time )NP )PP )S , (VP will (VP protect (NP shareholders )NP (PP against `` (NP *UNK takeover *UNK )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP W. *UNK *UNKC )NP , (ADJP (NP 37 years )NP old )ADJP , (NP (NP a senior vice president )NP (PP at (NP this printing concern )NP )PP )NP , )NP (VP was (VP elected (S (NP (NP (NP president )NP (PP of (NP its technology group )NP )PP )NP , (NP a new position )NP )NP )S )VP )VP . )S  STOP
(S (NP *UNKC *UNK players )NP (VP have (S (VP to (VP be (ADJP creative )ADJP )VP )VP )S (SBAR if (S (NP they )NP (VP want (S (VP to (VP work (NP a lot )NP )VP )VP )S )VP )S )SBAR , (SBAR because (S (NP their *UNK and audience appeal )NP (VP are (ADJP limited )ADJP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The *UNK *UNKC *UNKC )NP (VP has (VP taken (NP a hard line )NP (PP about (NP the problem )NP )PP )VP )VP )S : (S (NP He )NP (VP (VP (VP commissions )VP and (VP (ADVP *UNKLY )ADVP *UNK )VP (NP *UNK *UNK scores )NP )VP and (VP does (NP some conducting )NP )VP , (SBAR so (S (NP he )NP (VP does n't (VP have (S (VP to (VP play (NP the same *UNKC and *UNKC *UNK )NP (ADVP over and over )ADVP (ADVP again )ADVP )VP )VP )S )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP Richard *UNKC )NP (VP has (VP taken (NP a *UNK , (ADJP more *UNKLY )ADJP approach )NP )VP )VP . )S  STOP
(S (ADVP (NP *UNKC )NP ago )ADVP , (NP he )NP (VP *UNKED (PP with (NP (NP the new music *UNK )NP (NP (NP Peter *UNKC )NP and (NP *UNKED *UNKC )NP )NP )NP )PP (PP in (NP (NP (NP the (ADJP very *UNK )ADJP chamber group )NP (NP *UNKC )NP )NP , (SBAR (WHNP which )WHNP (S (VP won (NP audiences )NP (ADVP over (PP to (NP (NP *UNKED *UNK scores )NP (PP like (NP (NP *UNKC 's )NP `` (NX (NP *UNKC )NP (PP for (NP (NP the *UNKC )NP (PP of (NP Time )NP )PP )NP )PP )NX )NP )PP )NP )PP )ADVP )VP )S )SBAR )NP )PP )VP . '' )S  STOP
(S (NP Today )NP , (NP the *UNK- *UNK )NP (VP (VP has (ADVP mostly )ADVP (VP dropped (NP the *UNK work )NP (PRN -LRB- (SBAR though (S (NP (NP a touch )NP (PP of (NP the old *UNKC )NP )PP )NP (ADVP still )ADVP (VP *UNK )VP )S )SBAR -RRB- )PRN )VP )VP and (ADVP now )ADVP (VP goes (PP on (NP the road )NP )PP (PP with (NP (NP *UNK )NP , (NP *UNK )NP , (NP a slide show )NP , and (NP (NP a *UNK )NP (SBAR (WHNP that )WHNP (S (VP ranges (PP (PP from (NP light *UNK )NP )PP (PP to (NP light *UNK )NP )PP (PP to (NP light pop )NP )PP )PP , (PP with (NP a few *UNK *UNK )NP )PP )VP )S )SBAR )NP )NP )PP )VP )VP . )S  STOP
(FRAG (NP Just the thing )NP (PP for (NP (NP the *UNKC set )NP , (NP (NP the *UNK audience )NP (SBAR (WHNP that )WHNP (S (VP has (VP *UNKED (NP New *UNKC )NP (PP as (NP its (ADJP very own )ADJP easy *UNKING )NP )PP )VP )VP )S )SBAR )NP )NP )PP . )FRAG  STOP
(S But (NP you )NP (VP ca n't (VP *UNK (NP (NP (NP Mr. *UNKC 's )NP music )NP or (NP his *UNK )NP )NP (PP as (ADJP merely commercial and *UNK )ADJP )PP )VP )VP . )S  STOP
(S (S (NP He )NP (VP believes (PP in (SBAR (WHNP what )WHNP (S (NP he )NP (VP plays )VP )S )SBAR )PP )VP )S , and (S (NP he )NP (VP plays (ADVP *UNKLY )ADVP )VP )S . )S  STOP
(S (NP (NP His recent appearance )NP (PP at (NP the Metropolitan *UNKC )NP )PP , (VP dubbed (S `` (NP A *UNKC *UNKC )NP , '' )S )VP )NP (VP was (NP (NP a case )NP (PP in (NP point )NP )PP )NP )VP . )S  STOP
(S (NP It )NP (VP felt (PP (PP (ADVP more )ADVP like (NP (NP a party )NP , or (NP (NP a (ADJP highly *UNKED )ADJP *UNK session )NP (PP with (NP a few friends )NP )PP )NP , )NP )PP (PP than (NP a *UNK *UNK )NP )PP )PP )VP . )S  STOP
(S (S (VP *UNKC (PP in (NP his *UNK black *UNK suit )NP )PP )VP )S , (NP the *UNK- *UNK )NP (VP announced (SBAR (SBAR that (S (NP (NP his new *UNK )NP , `` (NP *UNKC *UNKC )NP , '' )NP (VP had (ADVP just )ADVP (VP been (VP released )VP )VP )VP )S )SBAR , (SBAR that (S (NP his family )NP (VP was (PP in (NP the front row )NP )PP )VP )S )SBAR , and (SBAR that (S (S (NP it )NP (VP was (NP (NP his mother 's )NP *UNK )NP )VP )S , so (S (NP he )NP (VP was (VP going (S (VP to (VP play (NP (NP her favorite *UNK )NP (PP from (NP the record )NP )PP )NP )VP )VP )S )VP )VP )S )S )SBAR )SBAR )VP . )S  STOP
(S (NP He )NP (VP launched (PP into (NP (NP (NP (NP *UNKC 's )NP `` (NX The *UNKC )NX '' )NP (PP from `` (NP (NP Carnival )NP (PP of (NP the *UNKC )NP )PP )NP )PP )NP , '' (NP (NP a favorite *UNK piece )NP (PP for (NP *UNK )NP )PP )NP , )NP )PP (PP with (NP (NP *UNKLY , *UNK tone )NP and (NP no *UNK )NP )NP )PP )VP . )S  STOP
(S Then , (SBAR as if (S (VP to (VP show (SBAR that (S (NP he )NP (VP could (VP play (ADVP fast )ADVP (ADVP as well )ADVP )VP )VP )S )SBAR )VP )VP )S )SBAR , (NP he )NP (VP offered (NP (NP (NP the second movement )NP (PP from (NP (NP *UNKC 's )NP (NX (NP *UNKC )NP (PP for (NP *UNKC )NP )PP )NX )NP )PP )NP , (NP (NP a *UNK , *UNK *UNK )NP (SBAR (WHNP that )WHNP (S (VP reflected (NP (NP the *UNK side )NP (PP of (NP the *UNKC *UNK )NP )PP )NP )VP )S )SBAR )NP )NP )VP . )S  STOP
(UCP (S And (ADVP so )ADVP (NP it )NP (VP went (PP through (NP the first half )NP )PP )VP )S : (NP (NP an (ADJP *UNKLY chosen )ADJP *UNK )NP (PP of (NP (NP pieces )NP , (NP (NP (NP none )NP (ADJP longer (PP than (NP five minutes )NP )PP )ADJP )NP , (NP (NP none )NP (SBAR (WHNP that )WHNP (S (VP would (VP *UNK or challenge (NP a *UNK )NP )VP )VP )S )SBAR )NP )NP )NP )PP )NP . )UCP  STOP
(S (NP Mr. Stoltzman )NP (VP introduced (NP (NP his colleagues )NP : (NP (NP (NP Bill Douglas )NP , (NP (NP *UNK )NP and (NP (NP an old *UNK )NP (PP from (NP Yale )NP )PP )NP )NP )NP , and (NP *UNK *UNK *UNKC *UNKC )NP )NP )NP )VP . )S  STOP
(S (NP An *UNK section )NP (VP was (VP built (PP around (NP (NP pieces )NP (PP by (NP Mr. Douglas )NP )PP )NP )PP , (PP beginning (PP with (NP `` (NP Golden *UNKC )NP , '' (NP (NP a *UNKING , *UNK- lead )NP (PP in (PP to (NP (NP the *UNK `` (NX *UNKC )NX )NP , '' (SBAR (WHNP which )WHNP (S (VP gave (NP Mr. Stoltzman )NP (NP the opportunity (S (VP to (VP (VP *UNK (PP in (NP a high *UNK )NP )PP )VP and (VP show (PRT off )PRT (NP his fleet *UNK )NP )VP )VP )VP )S )NP )VP )S )SBAR )NP )PP )PP )NP )NP )PP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC 's )NP `` (NX Air )NX '' )NP (VP followed )VP . )S  STOP
(S (NP Mr. Stoltzman )NP (VP (VP tied (NP the *UNK )NP (PRT in )PRT (PP by (S (VP *UNKING (S (NP him )NP `` (NP (NP the great *UNK )NP (PP of (NP the *UNK century )NP )PP )NP )S )VP )S )PP )VP , '' and then (VP built (PP on (NP the image )NP )PP (PP by (S (VP joining (PP with (NP Mr. Douglas )NP )PP (PP in (NP (NP some *UNKC *UNK- *UNK )NP , (VP (ADVP *UNKLY )ADVP arranged (PP for (NP *UNK and *UNK )NP )PP (PP by (NP Mr. Douglas )NP )PP )VP )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S (S (VP *UNKING (S (NP the mood )NP (ADJP light )ADJP )S )VP )S , (NP the two )NP (ADVP then )ADVP (VP (VP *UNKED and *UNKED (NP their way )NP (PP through (NP (NP some *UNK *UNK )NP , (VP *UNKED (PP by (NP Mr. Douglas )NP )PP (PP as (NP (NP an alternative )NP (PP to (NP (NP *UNKC 's )NP *UNK *UNKING *UNK )NP )PP )NP )PP )VP )NP )PP )VP , and then , (VP (PP with (NP Mr. *UNKC )NP )PP , (VP soared )VP and (VP *UNKED (PP on (NP (NP the *UNK 's )NP tight `` (NX *UNKC *UNKC )NX )NP )PP )VP )VP )VP . '' )S  STOP
(S (NP (NP The end )NP (PP of (NP the first half )NP )PP )NP , (ADVP however )ADVP , (VP brought (NP (SBAR (WHNP what )WHNP (S (NP the *UNKLY crowd )NP (VP seemed (S (VP to (VP be (VP waiting (PP for )PP )VP )VP )VP )S )VP )S )SBAR : (NP (NP (NP the pop *UNK )NP (NP *UNKC *UNKC )NP )NP , (SBAR (WHNP who )WHNP (S (VP appears (PP on `` (NP *UNKC *UNKC )NP )PP )VP )S )SBAR )NP )NP )VP . '' )S  STOP
(S (S (ADJP (ADJP *UNKC and *UNKED )ADJP (PP as (ADVP ever )ADVP )PP )ADJP )S , (NP Ms. *UNKC )NP (VP *UNK (NP (NP (NP (NP *UNKC Mitchell 's )NP `` (PP For (ADJP Free )ADJP )PP '' )NP (PRN -- (PP about (NP (NP an *UNK )NP (PP with (NP a *UNK- *UNK )NP )PP )NP )PP , (SBAR (WHPP to (WHNP which )WHNP )WHPP (S (NP Mr. Stoltzman )NP (VP contributed (NP a *UNK *UNK )NP )VP )S )SBAR -- )PRN )NP and (NP (NP (NP Mr. Douglas 's )NP *UNK setting )NP (PP of (NP (NP a *UNKC *UNKING )NP , `` (NP *UNKC *UNKC )NP )NP )PP )NP )NP )VP . '' )S  STOP
(S `` (NP *UNKC *UNKC )NP '' (ADVP also )ADVP (VP *UNKED (NP (NP a slide show )NP (PP of (NP (NP (ADJP *UNKLY but *UNK )ADJP *UNK )NP (PP of (NP *UNK , *UNK , *UNK , *UNK , *UNK )NP )PP )NP )PP )NP )VP . )S  STOP
(S (S (NP It )NP (VP was (ADJP all too *UNK (SBAR (S (VP to (VP be (VP believed )VP )VP )VP )S )SBAR )ADJP )VP )S , but (S (NP they )NP (ADVP probably )ADVP (VP would (VP have (VP gotten (PRT away )PRT (PP with (NP it )NP )PP , (SBAR (SINV had (NP they )NP not (VP felt (VP *UNKED (S (VP to (VP (VP add (NP (NP (NP Ms. *UNKC 's )NP *UNK *UNK )NP , `` (NP *UNKING Grace )NP , '' )NP )VP and (VP ask (PP for (NP audience participation )NP )PP )VP )VP )VP )S )VP )VP )SINV )SBAR )VP )VP )VP )S . )S  STOP
(S (NP That )NP (VP went (PP over (NP (NP the *UNK line )NP (PP for (NP (ADJP warm and *UNK )ADJP *UNK )NP )PP )NP )PP )VP . )S  STOP
(SQ *UNKC (NP this )NP (SBAR (WHADVP why )WHADVP (S (NP (NP some )NP (PP of (NP the audience )NP )PP )NP (VP *UNKED (PP before or during (NP the second half )NP )PP )VP )S )SBAR ? )SQ  STOP
(SQ Or was (NP it )NP (SBAR because (S (NP Ms. *UNKC )NP (VP had (VP gone )VP )VP )S )SBAR ? )SQ  STOP
(S (NP *UNKC way )NP (NP it )NP (VP was (NP a *UNK )NP , (SBAR because (S (NP Mr. *UNKC )NP (VP offered (NP (NP (NP the (ADJP most substantial )ADJP music )NP (PP of (NP the evening )NP )PP )NP )NP (PP (ADVP just )ADVP after (NP *UNK )NP )PP : (NP (NP (NP Steve *UNKC 's )NP `` (NX New York *UNKC )NX )NP , '' (NP (NP one )NP (PP of (NP (NP a series )NP (PP of (NP (NP *UNKC works )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP a live *UNK )NP (PP with (NP (NP recorded tracks )NP (PP of (NP (ADJP his or her )ADJP own playing )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )PP )NP )NP )VP )S )SBAR )VP . )S  STOP
(S -LRB- (NP (NP (NP Mr. *UNKC 's )NP new `` (NX *UNKC *UNKC )NX '' )NP (PP for (NP string *UNK )NP )PP )NP (VP uses (NP the technique )NP (ADVP *UNKLY )ADVP )VP . -RRB- )S  STOP
(S (S (NP Mr. Stoltzman )NP (VP must (VP have (VP worried (SBAR that (S (NP his audience )NP (VP might not (VP be (ADJP able (S (VP to (VP take (NP it )NP )VP )VP )S )ADJP )VP )VP )S )SBAR )VP )VP )VP )S : (S (NP He )NP (VP warned (NP us )NP (PP in (NP advance )NP )PP (SBAR that (S `` (NP New York *UNKC )NP '' (VP *UNK (NP (QP 11 1\/2 )QP minutes )NP )VP )S )SBAR )VP )S . )S  STOP
(S (NP He )NP (ADVP also )ADVP (ADVP *UNKLY )ADVP (VP *UNKED (NP this *UNK , *UNK *UNK )NP (PP with (NP (NP (NP Mr. *UNKC 's )NP *UNK )NP , (NP (NP this time )NP (PP of (NP (UCP *UNK or *UNKING )UCP *UNK )NP )PP )NP , )NP )PP (PP in (NP (NP a *UNK *UNKING )NP (PP of (NP the *UNK structure )NP )PP (SBAR (WHNP that )WHNP (S (VP was (VP (ADVP *UNKLY )ADVP *UNKING (PP from (NP (NP (NP Mr. *UNKC 's )NP piece )NP and (NP (NP (NP Mr. Stoltzman 's )NP *UNK execution )NP (PP of (NP it )NP )PP )NP )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP The rest )NP (PP of (NP the *UNK )NP )PP )NP (VP was (NP (NP (NP (NP more straight *UNK )NP and (NP *UNK sounds )NP )NP (VP written (PP by (NP (NP *UNKC Parker )NP , (NP *UNKC *UNKC )NP , (NP Bill Douglas )NP and (NP *UNKC *UNKC )NP )NP )PP )VP )NP , (PP with (NP (NP pictures )NP (PP for (NP the Douglas pieces )NP )PP )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP It )NP )NP (VP was (ADJP *UNK )ADJP (S (VP to (VP hear (NP *UNKED *UNK )NP (PP without (S (VP having (S (VP to (VP sit (PP in (NP a *UNKED club )NP )PP )VP )VP )S )VP )S )PP )VP )VP )S )VP )S , but (S (PP like (NP the first half )NP )PP , (NP (NP much )NP (PP of (NP it )NP )PP )NP (VP was (ADJP (ADJP easy (SBAR (S (VP to (VP take )VP )VP )S )SBAR )ADJP and (ADJP ultimately *UNK )ADJP )ADJP )VP )S . )S  STOP
(SQ Is (NP this )NP (NP (NP the future )NP (PP of (NP chamber music )NP )PP )NP ? )SQ  STOP
(S (S (NP *UNKC and *UNK )NP (VP insist (SBAR that (S (NP chamber music *UNK )NP (VP are (NP a hard sell )NP )VP )S )SBAR )VP )S , but (SQ can (NP audiences )NP (ADVP really )ADVP (VP enjoy (NP them )NP (SBAR only if (S (NP the music )NP (VP is (VP (VP *UNKED (PP of (NP threatening *UNK )NP )PP )VP , (VP served (PRT up )PRT (PP in (NP *UNKED *UNK )NP )PP )VP and (VP accompanied (PP by (NP *UNK )NP )PP )VP )VP )VP )S )SBAR )VP ? )SQ )S  STOP
(SBARQ (WHNP What )WHNP (SQ (VP 's (ADJP next )ADJP )VP )SQ ? )SBARQ  STOP
(FRAG (NP (NP *UNKC )NP (SBAR (S (VP to (VP *UNK (NP *UNKC *UNK )NP )VP )VP )S )SBAR )NP ? )FRAG  STOP
(S (NP It )NP (VP was not (NP an *UNK evening )NP , (ADVP certainly )ADVP , (NP (NP thanks )NP (PP to (NP (NP (NP the high level )NP (PP of (NP performance )NP )PP )NP , (NP (NP the *UNK *UNK )NP (PP of (NP Mr. Douglas )NP )PP )NP , and (NP (NP the obvious *UNK )NP (SBAR (WHPP with (WHNP which )WHNP )WHPP (S (NP Mr. Stoltzman )NP (VP *UNK (NP his *UNK )NP )VP )S )SBAR )NP )NP )PP )NP )VP . )S  STOP
(S But (NP it )NP (VP was (UCP (ADJP neither deep nor *UNKING )ADJP : (NP (NP light entertainment )NP (SBAR (WHNP that )WHNP (S (VP was (NP (NP no *UNK )NP (PP for (NP (NP an evening )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP )VP )S )SBAR )NP )UCP )VP . )S  STOP
(S (NP Ms. *UNKC )NP (VP is (NP (NP a *UNK- writer )NP (VP based (PP in (NP New York )NP )PP )VP )NP )VP . )S  STOP
(S (NP (NP One )NP (PP of (NP (NP (NP Ronald Reagan 's )NP *UNK )NP (PP as (NP President )NP )PP )NP )PP )NP (VP was (SBAR that (S (NP he )NP (ADVP rarely )ADVP (VP gave (NP his *UNKING )NP (PP to (NP (NP the *UNK )NP (SBAR (WHNP that )WHNP (S (VP *UNK (PP for `` (NP consensus )NP '' )PP (PP in (NP various international institutions )NP )PP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP fact )NP )PP , (NP he )NP (VP *UNKED (NP the U.S. )NP (PP from (NP (NP (NP one )NP (PP of (NP (NP the world 's )NP (ADJP most *UNK )ADJP organizations )NP )PP )NP -- (NP *UNKC )NP )NP )PP )VP . )S  STOP
(S (NP This )NP (VP is (NP (NP the U.N. group )NP (SBAR (WHNP that )WHNP (S (VP managed (S (VP to (VP *UNK (NP (NP its own charter )NP (PP of (S (VP promoting (NP education , science and culture )NP )VP )S )PP )NP )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP *UNKC since )ADVP , (NP the remaining members )NP (VP have (VP been (ADJP *UNK (SBAR for (S (NP the United States )NP (VP to (VP *UNK (NP this *UNK group )NP )VP )VP )S )SBAR )ADJP )VP )VP . )S  STOP
(S (ADVP Now )ADVP (NP *UNKC *UNK )NP (VP are (VP lobbying (NP President Bush )NP (S (VP to (VP *UNK (PP on (NP (NP President Reagan 's )NP decision (S (VP to (VP *UNK )VP )VP )S )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S But (NP we )NP (VP can (VP think (PP of (NP (NP many reasons )NP (SBAR (S (VP to (VP stay (ADJP out )ADJP (PP for (UCP (NP the *UNK future )NP and (ADVP well beyond )ADVP )UCP )PP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP The U.S. )NP , (PP along (PP with (NP Britain and Singapore )NP )PP )PP , (VP left (NP the agency )NP (SBAR (WHADVP when )WHADVP (S (NP its (NX (NX *UNK- *UNK )NX , (NX financial corruption )NX and (NX top leadership )NX )NX )NP (VP got (ADJP out (PP of (NP hand )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP The personal *UNK )NP (PP of (NP agency Director *UNKC *UNKC )NP )PP )NP )NP (VP drew (NP much attention )NP , (PP such as (SBAR (SBAR (WHADVP when )WHADVP (S (NP (NP several )NP (PP of (NP his top aides )NP )PP )NP (VP were (VP (VP *UNKED (PP as (NP *UNKC plants )NP )PP )VP and (VP *UNKED (PP from (NP France )NP )PP )VP )VP )VP )S )SBAR and (SBAR (WHADVP when )WHADVP (S (NP a *UNK office fire )NP (VP was (VP set (SBAR (ADVP just )ADVP before (S (NP Congress )NP (VP sent (NP (NP *UNK )NP (SBAR (S (VP to (VP *UNK (NP U.S. funds )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP )S )SBAR )SBAR )PP )VP . )S  STOP
(S (S (NP Mr. *UNKC )NP (VP was (NP an *UNK case )NP )VP )S , but (S (NP (NP even his replacement )NP , (NP (NP the (ADJP (ADVP more *UNKLY )ADVP *UNK )ADJP Spanish *UNK )NP (NP *UNKC Mayor )NP )NP , )NP (VP has (VP had (NP little success )NP (PP at (S (VP *UNKING (NP reforms )NP )VP )S )PP )VP )VP )S . )S  STOP
(S (NP (NP Several *UNK projects )NP )NP (VP continue , (PP including (NP (NP the `` New International Economic Order )NP , '' (SBAR (WHNP which )WHNP (S (VP means (NP (NP (NP *UNK )NP (PP from (NP the West )NP )PP )NP (SBAR (S (VP to (VP pay (PP for (NP (NP everyone else 's )NP *UNK )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (S (NP The *UNKC `` (NX New World Information Order )NX '' )NP (VP would (VP give (NP government officials )NP (NP (NP rights )NP (PP against (NP the press )NP )PP )NP )VP )VP )S ; (S (NP journalists )NP (VP would (VP be (VP *UNKED (S (VP to (VP *UNK (PP to (NP (NP their government )NP , (SBAR (WHNP which )WHNP (S (VP would (VP have (NP *UNKING and *UNK powers and , indeed , duties (S (VP to (VP block (NP (NP printing )NP (PP of (NP `` wrong '' ideas )NP )PP )NP )VP )VP )S )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP )VP )S . )S  STOP
(S (NP *UNKC )NP (VP (ADVP *UNK )ADVP converted (NP (NP the *UNKING U.N. *UNK )NP (PP of (NP individual rights and *UNK )NP )PP )NP (PP into `` (NP (NP *UNK ' )NP rights )NP )PP )VP . '' )S  STOP
(S (NP (NP *UNKC *UNK )NP )NP (VP were (VP held (SBAR (S (VP to (VP *UNK (PP on (NP (NP subjects )NP (PP such as (NP `` (NP (NP *UNK responsibilities )NP (PP of (NP (NP scientists )NP (PP in (NP (NP support )NP (PP of (NP *UNK )NP )PP )NP )PP )NP )PP )NP '' and `` (NP (NP the impact )NP (PP of (NP (NP the activities )NP (PP of (NP *UNK corporations )NP )PP )NP )PP )NP )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP The agency )NP (VP was (VP (ADVP so totally )ADVP *UNKED (PP from (NP (NP the high *UNK )NP (PP of (NP its *UNKING )NP )PP )NP )PP (SBAR that (S (NP even the Soviets )NP (ADVP now )ADVP (VP wonder (PP about (NP (NP an agency )NP (SBAR (WHNP that )WHNP (S (VP seemed (ADJP so *UNK )ADJP (PP to (NP them )NP )PP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP may (VP be (ADJP partly responsible )ADJP )VP )VP )S , but (S (NP Soviet Foreign Minister *UNKC Shevardnadze )NP (NP last year )NP (VP admitted , `` (S (NP The *UNKED *UNK approach )NP (VP *UNKED (NP (NP *UNK )NP (ADJP *UNK (PP to (NP *UNKC )NP )PP )ADJP )NP )VP )S )VP )S . '' )S  STOP
(S (NP *UNKC )NP (VP is (ADVP now )ADVP (VP holding (NP (NP its *UNK meetings )NP )NP (PP in (NP Paris )NP )PP (SBAR (S (VP to (VP *UNK (NP its next projects )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP (NP Mr. Mayor 's )NP hope (SBAR that (S (NP (NP *UNK )NP (PP to `` (NP press freedom )NP '' )PP )NP (VP would (VP survive (S (ADJP *UNKED )ADJP )S )VP )VP )S )SBAR )NP (VP seems (ADJP *UNKED (PP to (NP failure )NP )PP )ADJP )VP )S ; (S (NP the current *UNKING )NP (VP is `` (S (VP *UNKING (NP the public and media )NP (S (VP to (VP avoid (NP *UNK )NP )VP )VP )S )VP )S )VP )S . '' )S  STOP
(S (NP He )NP (VP has n't (VP been (ADJP able (S (VP to (VP replace (NP the *UNKC *UNK )NP )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (S (NP Soviets )NP (VP remain (PP in (NP (NP charge )NP (PP of (NP education programs )NP )PP )NP )PP )VP )S , (S (NP (NP a former head )NP (PP of (NP (NP an African military *UNK )NP (PP for (NP *UNK )NP )PP )NP )PP )NP (VP is (PP in (NP (NP charge )NP (PP of (NP culture )NP )PP )NP )PP )VP )S , and (S (NP (NP a *UNK- Polish communist )NP (PP in (NP *UNK )NP )PP )NP (VP *UNK (NP the (UCP *UNK- and peace )UCP division )NP )VP )S . )S  STOP
(S (PP Of (NP (NP the agency 's )NP *UNKN staff members )NP )PP , (NP (NP *UNKN )NP )NP (VP are (PP in (NP the field )NP )PP (S (VP working (PP on (NP (NP actual projects )NP , (PP such as (NP (NP *UNK )NP and (NP *UNK research )NP )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP The position )NP (PP of (NP (NP the United States )NP , (SBAR (WHNP which )WHNP (S (ADVP once )ADVP (VP contributed (NP (NP 25 % )NP (PP of (NP the budget )NP )PP )NP )VP )S )SBAR , )NP )PP )NP (VP is (SBAR that (S (NP nothing )NP (VP has (VP changed )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP John *UNKC )NP , (NP (NP the assistant secretary )NP (PP of (NP state )NP )PP (PP for (NP international organizations )NP )PP )NP , )NP (VP told (NP Congress )NP (SBAR that (S (NP the continuing `` *UNK , *UNK , *UNK '' programs )NP (VP make (S (S (VP *UNKING (NP (NP any time )NP (ADVP soon )ADVP )NP )VP )S `` (ADJP extremely unlikely )ADJP )S )VP )S )SBAR )VP . '' )S  STOP
(S (NP This )NP (VP has n't (VP (ADVP much )ADVP *UNKED (NP (NP the UNESCO *UNK )NP , (SBAR (WHNP who )WHNP (S (NP last week )NP (VP could n't (ADVP even )ADVP (VP agree (S (VP to (VP raise (NP funds )NP (PP by (S (VP selling (PRT off )PRT (NP (NP a fancy *UNK- French *UNK )NP (SBAR (S (NP the agency )NP (VP (ADVP somehow )ADVP owns )VP )S )SBAR )NP )VP )S )PP )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP Other countries )NP , (PP including (NP West Germany )NP )PP , )NP (VP may (VP have (NP (NP a hard time )NP (S (VP *UNKING (NP continued membership )NP )VP )S )NP )VP )VP . )S  STOP
(S (NP We )NP (VP see (NP (NP an (ADJP even stronger )ADJP argument )NP (PP against (NP UNESCO )NP )PP (PP than (NP (NP its *UNKING failure )NP (PP to (NP reform )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP This )NP (VP is (SBAR that (S (NP (NP the Reagan *UNKC )NP (VP *UNKING (NP (NP Eastern Europe )NP and (NP *UNKC Square )NP )NP )VP )NP (VP shows (NP (NP the power )NP (PP of (NP (NP ideas )NP (ADJP *UNKED (PP by (NP (NP international civil *UNK )NP or (NP government *UNK )NP )NP )PP )ADJP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Free markets )NP , (NP free minds )NP and (NP free elections )NP )NP (VP have (NP (NP an appeal )NP (SBAR (WHNP that )WHNP (S (VP seems (S (VP to (VP get (VP *UNKED (SBAR (WHADVP only when )WHADVP (S (VP delivered (PP through (NP (NP U.N. organizations )NP -- (SBAR (WHNP which )WHNP (S (PP of (NP course )NP )PP (VP are (VP made (PRT up )PRT (PP (ADVP largely )ADVP of (NP (NP governments )NP (SBAR (WHNP that )WHNP (S (VP fear (NP these *UNK )NP (PP at (NP home )NP )PP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP The *UNKC )NP (PP of (NP the United *UNKC )NP )PP )NP (VP are (NP (NP experts )NP (PP at (NP *UNK )NP )PP )NP )VP . )S  STOP
(S (S (NP This )NP (VP can (VP have (NP its purposes )NP (PP at (NP times )NP )PP )VP )VP )S , but (S (NP there )NP (VP 's (NP (NP no reason )NP (SBAR (S (VP to (VP *UNK (NP (NP the importance and *UNK )NP (PP of (NP (NP Western *UNK )NP (PP of (NP freedom and *UNK )NP )PP )NP )PP )NP )VP )VP )S )SBAR )NP )VP )S . )S  STOP
(S (NP We )NP (VP can (VP see (NP (NP (NP plenty )NP (PP of (NP (NP reasons )NP (SBAR (S (VP to (VP stay (ADVP out )ADVP )VP )VP )S )SBAR )NP )PP )NP , and (NP (NP none )NP (SBAR (S (VP to (VP *UNK (NP UNESCO )NP )VP )VP )S )SBAR )NP )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP at (NP (NP Plant *UNKC Systems *UNKC )NP (PP in (NP *UNKC )NP )PP )NP )PP )NP (VP said (SBAR (S (NP they )NP (VP have (VP developed (NP (NP a genetic engineering technique )NP (PP for (S (VP creating (NP (NP hybrid plants )NP (PP for (NP (NP a number )NP (PP of (NP key crops )NP )PP )NP )PP )NP )VP )S )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The researchers )NP (VP said (SBAR (S (NP they )NP (VP have (VP *UNKED (NP (NP a plant gene )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP (NP the production )NP (PP of (NP *UNK )NP )PP )NP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The gene )NP (ADVP thus )ADVP (VP can (VP prevent (NP a plant )NP (PP from (S (VP *UNKING (NP itself )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP Such so-called *UNK- plants )NP (VP can (ADVP then )ADVP (VP be (VP *UNKED (PP by (NP (NP *UNK )NP (PP from (NP (NP another strain )NP (PP of (NP the plant )NP )PP )NP )PP )NP )PP , (S (ADVP *UNK )ADVP (VP producing (NP hybrid seed )NP )VP )S )VP )VP )VP . )S  STOP
(S (NP (NP The new generation )NP (PP of (NP plants )NP )PP )NP (VP will (VP *UNK (NP (NP the *UNKING , *UNK- *UNK )NP (VP known (PP as `` (NP hybrid *UNK )NP )PP )VP , '' (ADJP similar (PP to (NP (NP that )NP (VP (ADVP now )ADVP seen (PP in (NP hybrid corn )NP )PP )VP )NP )PP )ADJP )NP )VP )VP . )S  STOP
(SINV `` (S (NP The development )NP (VP could (VP have (NP (NP a dramatic effect )NP (PP on (NP (NP farm production )NP , (NP especially cotton )NP )NP )PP )NP )VP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP president )NP (PP of (NP (NP Delta & *UNKC Land Co. )NP , (NP (NP a *UNKC Inc. subsidiary )NP (SBAR (WHNP that )WHNP (S (VP is (NP (NP one )NP (PP of (NP (NP the largest cotton seed producers )NP (PP in (NP the U.S. )NP )PP )NP )PP )NP )VP )S )SBAR )NP )NP )PP )NP )NP . )SINV  STOP
(S (PP On (NP a commercial scale )NP )PP , (NP (NP the *UNK )NP (PP of (NP the *UNKING male part )NP )PP )NP (VP has (ADVP only )ADVP (VP been (VP achieved (PP in (NP corn and *UNK feed *UNK )NP )PP )VP )VP )VP . )S  STOP
(S (NP That )NP (VP 's (SBAR because (S (NP (NP (NP the male part )NP , (NP the *UNK )NP , )NP and (NP (NP the female )NP , (NP the *UNK )NP , )NP )NP (VP are (ADVP (NP some distance )NP apart )ADVP (PP on (NP the corn plant )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP a *UNK- process )NP )PP , (NP the seed companies )NP (VP cut (PRT off )PRT (NP (NP the *UNK )NP (PP of (NP each plant )NP )PP )NP , (S (VP making (S (NP it )NP (ADJP male *UNK )ADJP )S )VP )S )VP . )S  STOP
(S (NP They )NP (VP *UNK (NP (NP (NP a row )NP (PP of (NP *UNK- plants )NP )PP )NP )NP (ADVP nearby )ADVP , (SBAR (WHNP which )WHNP (S (ADVP then )ADVP (VP *UNK (NP the *UNK- plants )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP The first hybrid corn seeds )NP (VP produced (S (VP using (NP this *UNK approach )NP )VP )S )VP )NP (VP were (VP introduced (PP in (NP the *UNK )NP )PP )VP )VP )S and (S (NP they )NP (VP *UNKED (NP (NP (ADJP (NP (QP as much as 20 )QP % )NP more )ADJP corn )NP (PP than (NP (ADJP naturally *UNKED )ADJP plants )NP )PP )NP )VP )S . )S  STOP
(S (NP (NP The vast majority )NP (PP of (NP the U.S. corn crop )NP )PP )NP (ADVP now )ADVP (VP is (VP grown (PP from (NP (NP hybrid seeds )NP (VP produced (PP by (NP seed companies )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (NP A similar technique )NP (VP is (ADJP almost impossible (SBAR (S (VP to (VP apply (PP to (NP (NP other crops )NP , (PP such as (NP cotton , *UNK and rice )NP )PP )NP )PP )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP (NP (NP (NP The male part )NP )NP , (NP (NP the *UNK )NP (PP of (NP the plant )NP )PP )NP )NP , and (NP (NP (NP the female )NP )NP , (NP the *UNK )NP , )NP (PP of (NP the same plant )NP )PP )NP (VP are (UCP (PP within (NP (NP a *UNK )NP (PP of (NP an *UNK )NP )PP )NP )PP or (ADVP even )ADVP (VP attached (PP to (NP each other )NP )PP )VP )UCP )VP . )S  STOP
(S (NP (NP The *UNK )NP (PP in (NP these plants )NP )PP )NP (VP are (ADJP difficult (SBAR (S (VP to (VP *UNK (PRT off )PRT )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (S (PP In (NP China )NP )PP , (NP (NP a great number )NP (PP of (NP workers )NP )PP )NP (VP are (VP engaged (PP in (S (VP pulling (PRT out )PRT (NP (NP the male *UNK )NP (PP of (NP rice plants )NP )PP )NP (S (VP using (NP *UNK )NP )VP )S )VP )S )PP )VP )VP )S , and (S (NP (NP one-third )NP (PP of (NP (NP rice )NP (VP produced (PP in (NP that country )NP )PP )VP )NP )PP )NP (VP is (VP grown (PP from (NP hybrid seeds )NP )PP )VP )VP )S . )S  STOP
(S (PP At (NP Plant *UNKC Systems )NP )PP , (NP researchers )NP (VP have (VP *UNKED (NP (NP a *UNKING gene )NP (SBAR (WHNP that )WHNP (S (VP can (VP be (VP *UNKED (PP in (NP a plant )NP )PP (S (VP to (VP *UNK (NP male *UNK )NP )VP )VP )S )VP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP research director )NP , )NP (VP said (SBAR (S (NP this gene )NP (VP was (VP (ADVP successfully )ADVP introduced (PP in (NP (NP *UNKING *UNKED plants )NP , (NP (NP a major crop )NP (PP in (NP Europe and Canada )NP )PP )NP )NP )PP , (S (VP using (PP as (NP a carrier )NP )PP (NP (NP a `` *UNK gene '' )NP (VP developed (PP by (NP Robert Goldberg )NP )PP (PP at (NP (NP (NP the University )NP (PP of (NP California )NP )PP )NP (PP in (NP Los Angeles )NP )PP )NP )PP )VP )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The *UNKING gene )NP (VP is (VP expressed (SBAR (ADVP just )ADVP before (S (NP the *UNK )NP (VP is (ADJP about (S (VP to (VP develop )VP )VP )S )ADJP )VP )S )SBAR )VP )VP )S and (S (NP it )NP (VP *UNK (NP (NP the *UNK )NP (PP of (NP (NP every *UNK )NP (PP in (NP the plant )NP )PP )NP )PP )NP )VP )S . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP this genetic *UNK )NP (VP does n't (VP hurt (NP (NP the growth )NP (PP of (NP that plant )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The researchers )NP (ADVP also )ADVP (VP pulled (PRT off )PRT (NP a second genetic engineering *UNK )NP (SBAR in order (S (VP to (VP get (NP *UNK- plants )NP (PP in (NP (ADJP large enough )ADJP numbers (S (VP to (VP produce (NP a commercial hybrid seed crop )NP )VP )VP )S )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP attached (NP (NP a second gene )NP , (PP for (NP *UNK resistance )NP )PP , )NP (PP to (NP the *UNKING gene )NP )PP )VP . )S  STOP
(S (NP Both genes )NP (VP are (ADVP then )ADVP (VP *UNKED (PP into (NP (NP a few *UNK plants )NP , (SBAR (WHNP which )WHNP (S (VP are (ADVP then )ADVP (VP (VP *UNKED )VP and (VP allowed (S (VP to (VP (VP mature )VP and (VP produce (NP seed )NP )VP )VP )VP )S )VP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP The laws )NP (PP of (NP *UNK )NP )PP )NP (VP *UNK (SBAR that (S (S (NP (NP half )NP (PP of (NP (NP the plants )NP (VP *UNKING (PP from (NP these *UNKED seeds )NP )PP )VP )NP )PP )NP (VP will (VP be (ADJP (ADJP male *UNK )ADJP and (ADJP *UNK *UNK )ADJP )ADJP )VP )VP )S and (S (NP half )NP (VP will (VP be (ADJP (ADJP male *UNK )ADJP and (ADJP *UNK *UNK )ADJP )ADJP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (NP (NP The application )NP (PP of (NP *UNK )NP )PP )NP (VP would (VP kill (PRT off )PRT (NP the *UNK- plants )NP , (S (VP leaving (NP (NP a large field )NP (PP of (NP (NP *UNK- plants )NP (SBAR (WHNP that )WHNP (S (VP can (VP be (VP *UNKED (S (VP to (VP produce (NP hybrid seed )NP )VP )VP )S )VP )VP )VP )S )SBAR )NP )PP )NP )VP )S )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP (NP the hybrid *UNK )NP (VP created (PP with (NP this genetic engineering )NP )PP )VP )NP (VP yield (NP (NP (ADJP (NP (QP 15 % to 30 % )QP )NP more )ADJP output )NP (PP than (NP (NP the commercial *UNK )NP (VP used (ADVP currently )ADVP )VP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP This technique )NP (VP is (ADJP *UNK (PP to (NP (NP a wide variety )NP (PP of (NP crops )NP )PP )NP )PP )ADJP )VP )S , '' (NP he )NP (VP (VP said )VP , and (VP added (SBAR that (S (NP some *UNK )NP (VP may (VP be (ADJP necessary )ADJP (S (VP to (VP accommodate (NP (NP the *UNK )NP (PP of (NP (NP each type )NP (PP of (NP crop )NP )PP )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP the company )NP (VP (VP is (VP *UNKING (PP with (NP the technique )NP )PP (PP on (NP *UNK )NP )PP )VP )VP , and (VP plans (S (VP to (VP include (NP (NP cotton and corn )NP , (PP among (NP other crops )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR that (S (SBAR even though (S (NP (NP (ADJP virtually all )ADJP corn seeds )NP (VP (ADVP currently )ADVP *UNKED )VP )NP (VP are (NP *UNK )NP )VP )S )SBAR , (NP the genetic approach )NP (VP will (VP *UNK (NP (NP the need )NP (PP for (NP (NP (NP *UNK *UNK )NP (PP of (NP *UNK )NP )PP )NP , (SBAR (WHNP which )WHNP (S (VP costs (NP U.S. seed producers )NP (NP (QP about $ 70 million )QP )NP (ADVP annually )ADVP )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP recent years )NP )PP , (NP (NP demand )NP (PP for (NP hybrid seeds )NP )PP )NP (VP has (VP *UNKED (NP research )NP (PP at (NP (NP a number )NP (PP of (NP (NP chemical and biotechnology companies )NP , (PP including (NP (NP *UNKC Co. )NP , (NP Shell Oil Co. )NP and (NP Eli Lilly & Co )NP )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP One technique )NP (VP developed (PP by (NP (NP some )NP (PP of (NP these companies )NP )PP )NP )PP )VP )NP (VP involves (NP (NP a chemical *UNK )NP (VP supposed (S (VP to (VP kill (ADVP only )ADVP (NP (NP a plant 's )NP *UNK )NP )VP )VP )S )VP )NP )VP . )S  STOP
(S But (NP there )NP (VP have (VP been (NP (NP (NP problems )NP (PP with (S (NP chemical *UNK )NP (VP *UNKING (NP (NP plants ' )NP female *UNK *UNK )NP )VP )S )PP )NP and (NP (NP concern )NP (PP for (NP (NP the *UNK )NP (PP of (NP such chemical *UNK )NP )PP (PP to (NP (NP *UNK )NP , (NP animals )NP and (NP *UNK *UNK )NP )NP )PP )NP )PP )NP )NP )VP )VP . )S  STOP
(S (ADVP However )ADVP , (NP (NP Paul *UNKC )NP , (NP (NP (NP *UNKC 's )NP director )NP (PP of (NP plant *UNK )NP )PP )NP , )NP (VP said (SBAR (S (NP (NP the company 's )NP chemical *UNK )NP (VP (VP *UNK (NP these problems )NP )VP and (VP is `` (ADJP *UNK (PP on (NP the female *UNK )NP )PP )ADJP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP *UNKC *UNKC Corp. )NP , (NP (NP *UNKC )NP , (NP Calif. )NP )NP , )NP (VP is (VP developing (NP (NP a *UNK )NP (VP containing (NP (NP a gene )NP (SBAR (WHNP that )WHNP (S (VP (VP *UNK (PP from (NP cell )NP )PP (PP to (NP cell )NP )PP )VP and (VP *UNK (PP with (NP (NP the genes )NP (SBAR (WHNP that )WHNP (S (VP are (ADJP responsible (PP for (S (VP producing (NP *UNK )NP )VP )S )PP )ADJP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )VP )NP )VP )VP . )S  STOP
(S (NP (NP This gene )NP , (VP called (S `` (NP *UNK )NP )S )VP , '' )NP (VP is (VP carried (PP into (NP the plant )NP )PP (PP by (NP (NP a virus )NP (SBAR (WHNP that )WHNP (S (VP remains (ADJP active )ADJP (PP for (NP a few days )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP Robert *UNKC )NP , (NP (NP president )NP (PP of (NP *UNKC )NP )PP )NP , )NP (VP called (S (NP (NP Plant *UNKC 's )NP approach )NP (ADJP `` interesting '' and `` novel , '' and `` *UNK (PP rather than (ADJP competitive )ADJP )PP )ADJP )S )VP . '' )S  STOP
(S `` (S (NP There )NP (VP is (NP (NP a large market )NP (PP out (NP there )NP )PP (ADJP *UNK (PP for (NP hybrid seeds )NP )PP )ADJP )NP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP (NP Mr. Robinson )NP (PP of (NP (NP Delta & *UNKC )NP , (NP (NP the seed producer )NP (PP in (NP (NP Scott )NP , (NP *UNKC )NP )NP )PP )NP , )NP )PP )NP (VP said (SBAR (S (NP (NP (NP Plant *UNKC 's )NP success )NP (PP in (S (VP creating (NP (ADJP *UNKLY engineered )ADJP male *UNK )NP )VP )S )PP )NP (VP does n't (VP (ADVP automatically )ADVP mean (SBAR (S (NP (NP it )NP )NP (VP would (VP be (ADJP simple )ADJP (S (VP to (VP create (NP *UNK )NP (PP in (NP all crops )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP 's (SBAR because (S (NP (NP *UNK )NP , (SBAR while (S (ADJP easy )ADJP (PP in (NP corn )NP )PP (SBAR because (S (NP the carrier )NP (VP is (NP wind )NP )VP )S )SBAR )S )SBAR , )NP (VP (VP is (ADJP more complex )ADJP )VP and (VP involves (NP (NP *UNK )NP (PP as (NP carriers )NP )PP )NP (PP in (NP (NP crops )NP (PP such as (NP cotton )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP (NP It )NP )NP (VP (VP 's (NP one thing )NP (S (VP to (VP say (SBAR (S (NP you )NP (VP can (VP *UNK )VP )VP )S )SBAR )VP )VP )S )VP , and (VP (NP another )NP (S (VP to (ADVP then )ADVP (VP (ADVP successfully )ADVP *UNK (NP the plant )NP )VP )VP )S )VP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (ADVP Nevertheless )ADVP (PRN , (S (NP he )NP (VP said )VP )S , )PRN (NP he )NP (VP is (VP negotiating (PP with (NP Plant *UNKC )NP )PP (S (VP to (VP acquire (NP (NP the technology )NP (SBAR (S (VP to (VP try (S (VP *UNKING (NP hybrid cotton )NP )VP )S )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP A bitter conflict )NP (PP with (NP global implications )NP )PP )NP (VP has (VP *UNKED (PP between (NP (NP (NP Nomura Securities Co. )NP and (NP (NP Industrial Bank )NP (PP of (NP Japan )NP )PP )NP )NP , (NP (NP two )NP (PP of (NP (NP the world 's )NP (ADJP most powerful )ADJP financial companies )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP The *UNK )NP (VP is (NP (NP a sign )NP (PP of (NP (NP a new *UNK and *UNK )NP (PP in (NP (NP Japan 's )NP *UNK- financial *UNK )NP )PP )NP )PP )NP )VP . )S  STOP
(S (CONJP Not only )CONJP (SINV are (NP (NP Japan 's )NP financial institutions )NP (VP putting (NP their enormous *UNK )NP (PP to (VP work )VP )PP )VP )SINV ; (ADVP increasingly )ADVP (S (NP they )NP (VP 're (VP *UNKING (PRT off )PRT (PP against (NP one another )NP )PP (PP in (NP unprecedented public fashion )NP )PP )VP )VP )S . )S  STOP
(S (ADVP Already )ADVP , (NP the consequences )NP (VP are (VP being (VP felt (PP by (NP (NP (NP other players )NP (PP in (NP the financial markets )NP )PP )NP -- even (NP governments )NP )NP )PP )VP )VP )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (VP triggered (NP the latest *UNK )NP )VP )S )SBAR (VP was (NP (NP a *UNK )NP (PP over (NP (NP the timing )NP (PP of (NP a New Zealand government bond issue )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Nomura )NP (VP was (VP attempting (S (VP to (VP *UNK (NP the (ADJP (ADJP 50 *UNK- )ADJP (PRN -LRB- (ADJP (QP $ *UNKN million )QP )ADJP -RRB- )PRN )ADJP borrowing )NP (PP in (NP Japan )NP )PP (PP at (NP (NP a time )NP (SBAR (WHADVP when )WHADVP (S (NP (NP many Japanese banks )NP , (VP led (PP by (NP (NP Industrial Bank )NP (PP of (NP Japan )NP )PP )NP )PP )VP , )NP (VP were (VP *UNKING (S (NP the Wellington government )NP (VP to (VP help (S (NP them )NP (VP recover (NP (NP loans )NP (VP made (PP to (NP (NP a *UNK investment bank )NP (SBAR (WHNP that )WHNP (S (VP had (VP been (VP owned (PP by (NP (NP New Zealand 's )NP *UNK- pension fund )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )NP )VP )S )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (S (ADJP *UNKING (S (VP to (VP put (PRT up )PRT (NP new money )NP (PP for (NP New Zealand )NP )PP (SBAR until (S (NP those debts )NP (VP are (VP *UNK )VP )VP )S )SBAR )VP )VP )S )ADJP )S , (NP most banks )NP (VP refused (S (VP (ADVP even )ADVP to (VP play (NP administrative *UNK )NP (PP in (NP the new financing )NP )PP )VP )VP )S , (S (VP forcing (S (NP an *UNKED Nomura )NP (VP to (VP *UNK (NP it )NP (NP this week )NP )VP )VP )S )VP )S )VP . )S  STOP
(S (NP The dispute )NP (VP shows (ADVP clearly )ADVP (NP (NP the global power )NP (PP of (NP (NP Japan 's )NP financial *UNK )NP )PP )NP )VP . )S  STOP
(S (PP *UNKC (PP from (NP (NP Nomura 's )NP injured pride )NP )PP )PP , (NP the biggest victim )NP (ADVP so far )ADVP (VP has (VP been (NP the New Zealand government )NP )VP )VP . )S  STOP
(S (S (VP *UNKED (PP by (NP its budget law )NP )PP (PP from (S (VP making (NP any new domestic bond issues )NP )VP )S )PP )VP )S , (NP (NP Wellington 's )NP *UNKC Management Office )NP (VP had (VP been (VP *UNKING (ADVP abroad )ADVP (S (VP to (VP raise (NP (NP (NP (NP the (QP 3 billion )QP New Zealand dollars )NP (PRN -LRB- (NP (QP US$ *UNKN billion )QP )NP -RRB- )PRN )NP to (NP (QP *UNKC 4 billion )QP )NP )NP (SBAR (S (NP it )NP (VP needs (S (VP to (VP come (ADVP up )ADVP (PP with )PP (PP by (NP (NP the end )NP (PP of (NP its fiscal year )NP )PP (NP next June 30 )NP )NP )PP )VP )VP )S )VP )S )SBAR )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (SBAR With (S (NP (NP Japan 's )NP *UNK- banks )NP (VP *UNKED (PP against (NP it )NP )PP )VP )S )SBAR , (ADVP though )ADVP , (S (VP raising (NP money )NP )VP )S (VP may (VP be (ADJP difficult )ADJP )VP )VP . )S  STOP
(S (CONJP Not only )CONJP (SINV can (NP they )NP (VP block (NP Wellington )NP (PP from (S (VP raising (NP money )NP (PP in (NP Japan )NP )PP )VP )S )PP )VP )SINV (PRN , (S (NP (NP bankers )NP (ADVP here )ADVP )NP (VP say )VP )S , )PRN but (S (PP as (NP (NP the largest underwriters )NP (PP in (NP the *UNKC market )NP )PP )NP )PP , (NP they )NP (VP might (VP be (ADJP able (S (VP to (VP *UNK (NP borrowings )NP (ADVP there )ADVP , (ADVP too )ADVP )VP )VP )S )ADJP )VP )VP )S . )S  STOP
(S (NP (NP (NP New Zealand 's )NP finance minister )NP , (NP David *UNKC )NP , )NP (VP *UNKED (ADVP out )ADVP (PP at (NP such suggestions )NP )PP )VP . )S  STOP
(S (NP He )NP (VP told (NP reporters )NP (PP in (NP Wellington )NP )PP (NP Tuesday )NP (SBAR that (S (NP the government )NP (VP (VP had n't (VP guaranteed (NP (NP the loans )NP (PP to (NP (NP *UNKC New Zealand Ltd. )NP , (NP (NP an investment bank )NP (ADJP *UNKED (PP by (NP the National *UNKC Fund )NP )PP )ADJP )NP )NP )PP )NP )VP )VP , and (VP would n't (VP *UNK (NP it )NP (PRT out )PRT )VP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP It )NP (VP may (ADVP very well )ADVP (VP be (SBAR (WHNP what )WHNP (S (NP the Japanese banks )NP (VP want )VP )S )SBAR )VP )VP )S , '' (NP he )NP (VP told (NP Radio New Zealand )NP )VP . )S  STOP
(S `` (S (NP I )NP (VP think (SBAR (S (NP it )NP (VP would (VP be (ADJP *UNK )ADJP )VP )VP )S )SBAR )VP )S and (S (NP I )NP (VP am not (ADJP about (S (VP to (VP be (VP *UNKED (PP by (NP (NP Japanese banks )NP or (NP any other international interests )NP )NP )PP )VP )VP )VP )S )ADJP )VP )S . '' )S  STOP
(SINV (ADJP (ADJP No less significant )ADJP (PP than (NP (NP the Japanese banks ' )NP attempt (S (VP to (VP cut (PRT off )PRT (NP funds )NP (S (VP to (VP pressure (NP a foreign government )NP )VP )VP )S )VP )VP )S )NP )PP )ADJP (VP are )VP (NP (NP the implications )NP (PP of (NP (NP a confrontation )NP (PP between (NP (NP Japan securities )NP and (NP banking industries )NP )NP )PP )NP )PP )NP . )SINV  STOP
(S (NP *UNKC )NP (VP is (VP rising (PP over (NP recent government proposals (S (VP to (VP (ADVP eventually )ADVP lower (NP (NP the strict barriers )NP (SBAR (WHNP that )WHNP (S (ADVP now )ADVP (VP separate (PRN -- and protect -- )PRN (NP the two industries )NP (PP from (NP each other )NP )PP )VP )S )SBAR )NP )VP )VP )S )NP )PP )VP )VP . )S  STOP
(S (S (NP Both sides )NP (VP are (VP (ADVP *UNKLY )ADVP *UNKING (NP their *UNK )NP )VP )VP )S , and (S (NP relations )NP (VP have (VP been (PP at (NP a *UNK )NP )PP (PP for (NP months )NP )PP )VP )VP )S . )S  STOP
(S (NP The banks )NP (VP (ADVP badly )ADVP want (S (VP to (VP break (PP into (NP (NP all aspects )NP (PP of (NP the securities business )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP the securities companies )NP (PRN -- (NP (NP most )NP (PP of (NP them )NP )PP (ADJP (ADJP smaller )ADJP (PP than (NP the banks )NP )PP )ADJP )NP -- )PRN )NP (VP are (VP seeking (NP (NP access )NP (PP (ADVP only )ADVP to (NP (NP limited kinds )NP (PP of (NP banking )NP )PP (SBAR (WHNP that )WHNP (S (VP would n't (VP open (NP them )NP (PP to (NP (NP the full *UNK )NP (PP of (NP (NP competition )NP (PP from (NP the banks )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP (NP Nomura )NP , (NP (NP (NP the world 's )NP biggest securities company )NP (PP (ADVP largely )ADVP by (NP (NP *UNK )NP (PP of (NP its protected home field )NP )PP )NP )PP )NP )NP , and (NP (NP (NP Industrial Bank )NP (PP of (NP Japan )NP )PP )NP , (NP (NP (NP Japan 's )NP (ADJP (ADJP most *UNK )ADJP and (ADJP aggressive )ADJP )ADJP bank )NP (PP in (NP (NP capital markets )NP (ADVP abroad )ADVP )NP )PP )NP )NP , )NP (VP *UNK (NP the *UNKING sides )NP )VP . )S  STOP
(S And (NP (NP their *UNK )NP (PP of (NP each other )NP )PP )NP (VP run (ADVP deep )ADVP )VP . )S  STOP
(S (PP In (NP the past year )NP )PP , (NP both )NP (VP have (VP tried (S (VP to (VP stretch (NP (NP the limits )NP (PP of (NP their businesses )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Nomura )NP (VP started (NP (NP a credit-card venture )NP )NP (PP with (NP American Express Co. )NP )PP (SBAR (WHNP that )WHNP (S (VP allowed (S (NP *UNK )NP (VP to (VP use (NP their Nomura securities accounts )NP (PP like (NP a bank account )NP )PP )VP )VP )S )VP )S )SBAR , (S (VP attracting (NP (NP the *UNK )NP (PP of (NP banks )NP )PP )NP )VP )S )VP . )S  STOP
(S And (NP (NP Industrial Bank )NP (PP of (NP Japan )NP )PP )NP (VP started (PRT up )PRT (NP (NP a London securities subsidiary )NP (SBAR (WHNP that )WHNP (S (VP sells (NP Japanese stocks )NP (PP to (NP (NP *UNK- institutions )NP (ADVP overseas )ADVP )NP )PP )VP )S )SBAR )NP , (NP (NP a move )NP (SBAR (WHNP that )WHNP (S (VP *UNKED (NP (NP the *UNK )NP (PP of (NP the stock brokerage firms )NP )PP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The New Zealand bond issue )NP (ADVP simply )ADVP (VP has (VP brought (S (NP the two institutions )NP (ADVP *UNK- )ADVP )S )VP )VP . )S  STOP
(S (NP *UNKC CORP. )NP (VP reported (NP (NP third-quarter earnings )NP , (SBAR (WHNP which )WHNP (S (VP were (VP (ADVP *UNKLY )ADVP shown (PP in (NP (NP the *UNKLY Earnings *UNKC table )NP (PP in (NP (NP yesterday 's )NP edition )NP )PP )NP )PP (S (VP to (VP be (ADJP (ADJP lower )ADJP (PP than (NP (NP the average )NP (PP of (NP (NP analysts ' )NP estimates )NP )PP )NP )PP )ADJP )VP )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP On (NP a pretax basis )NP )PP , (NP (NP (NP *UNKC 's )NP third-quarter earnings )NP (PP of (NP (NP 30 cents )NP (NP a share )NP )NP )PP )NP (VP were (ADVP actually )ADVP (ADJP (ADJP (NP *UNKN % )NP higher )ADJP (PP than (NP (NP the average )NP (PP of (NP estimates )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (NP (NP Raymond E. Ross )NP , (ADJP (NP 53 years )NP old )ADJP , (NP (NP formerly group vice president )NP , (NP U.S. plastics machinery )NP , (PP at (NP this machine tool , plastics machinery and *UNK concern )NP )PP , )NP )NP (VP was (VP named (S (NP (NP senior vice president )NP , (NP industrial systems )NP , )NP )S (S (VP succeeding (NP (NP David A. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP resigned (NP Monday )NP )VP )S )SBAR )NP )VP )S )VP )VP . )S  STOP
(S (NP (NP John A. *UNKC Jr. )NP , (NP 45 )NP , )NP (VP was (VP named (S (NP a managing director )NP )S (PP at (NP this *UNKING company )NP )PP )VP )VP . )S  STOP
(S (NP He )NP (VP will (VP be (PP in (NP (NP charge )NP (PP of (NP (NP (NP research )NP , (NP equity sales )NP and (NP trading )NP )NP , and (NP (NP the syndicate operation )NP (PP of (NP Rothschild )NP )PP )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP was (NP (NP (NP executive vice president )NP and (NP director )NP )NP (PP of (NP (NP the equity division )NP (PP of (NP (NP the international division )NP (PP of (NP *UNKC Securities Co )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (SBAR As (S (NP *UNKC *UNKC )NP (VP might (VP say )VP )VP )S )SBAR , (NP it )NP (VP 's (NP *UNK *UNK )NP (ADVP all over again )ADVP )VP . )S  STOP
(S (S (VP *UNKED (PP at (NP *UNK )NP )PP )VP )S , (NP (NP *UNKC *UNKC )NP , (ADVP once )ADVP (NP (NP Oakland 's )NP master *UNK )NP , )NP (VP (ADVP *UNKLY )ADVP (VP *UNK (PRT up )PRT (NP a *UNK )NP )VP and (VP *UNK (NP it )NP (PP to (NP second )NP )PP )VP )VP . )S  STOP
(S (PP In (NP the *UNK )NP )PP , (NP (NP Paul *UNKC )NP , (NP (NP the *UNKC ' )NP *UNK- Gold *UNKC *UNK )NP , )NP (VP (ADVP *UNKLY )ADVP *UNK (NP a fly )NP )VP . )S  STOP
(S (PP On (NP the *UNK )NP )PP , (NP (NP former Red *UNKC great *UNKC *UNKC )NP , (NP (NP the *UNKLY master )NP (PP of (NP *UNKN moves )NP )PP )NP , )NP (VP *UNK (NP an *UNKED strike )NP )VP . )S  STOP
(SINV `` (FRAG *UNKC , *UNK , )FRAG '' (VP *UNK )VP (NP (NP their manager )NP -- (NP (NP a fellow )NP (VP named (S (NP *UNKC *UNKC )NP )S )VP , (SBAR (WHNP who )WHNP , (S (S (PP in (NP a different time )NP )PP , (VP handled (NP four World Series teams )NP )VP )S and (ADVP now )ADVP (S (VP *UNK (NP the Gold Coast *UNKC )NP )VP )S )S )SBAR )NP )NP . )SINV  STOP
(S `` (FRAG (NP *UNKC *UNK )NP )FRAG , '' (NP he )NP (VP says )VP . )S  STOP
(FRAG (ADVP Perhaps )ADVP . )FRAG  STOP
(S But (PP for (NP the next few months )NP )PP , (NP (NP these *UNK )NP (PP of (NP (NP *UNK )NP (ADJP long past )ADJP )NP )PP )NP (VP are (VP going (S (VP to (VP be (VP *UNKING (PP in (NP (NP an Indian summer )NP (PP of (NP the *UNK )NP )PP )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP Now (SBAR that (S (NP the baseball season )NP (VP is (ADVP officially )ADVP (ADJP over )ADJP )VP )S )SBAR )ADVP (PRN , (S (NP you )NP (VP see )VP )S , )PRN (NP it )NP (VP 's (NP (NP time )NP (SBAR for (S (NP a new season )NP (VP to (VP begin )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Today )NP (VP is (NP (NP the debut )NP (PP of (NP (NP the *UNKC Professional *UNKC Association )NP , (NP (NP a new *UNK- pro sports circuit )NP , (UCP (VP *UNKED (PP after (NP the (ADJP highly successful )ADJP senior *UNK and golf *UNK )NP )PP )VP and (ADJP complete (PP with (NP (NP good salaries )NP , (NP a cable television contract )NP and even (NP expansion plans )NP )NP )PP )ADJP )UCP )NP )NP )PP )NP )VP . )S  STOP
(S (NP (QP One hundred and *UNK two )QP (NX (NX former *UNK )NX , (NX near *UNK )NX , (NX hardly *UNK )NX and (NX *UNK )NX )NX )NP (VP begin (NP a *UNK- , three-month season )NP (PP in (NP (NP *UNKING *UNK )NP (ADVP up and down (NP Florida )NP )ADVP )NP )PP )VP . )S  STOP
(S (PP For (NP (NP everyone )NP (VP involved )VP )NP )PP , (NP it )NP (VP 's (NP (NP one more *UNK )NP (PP of (NP (NP (NP that *UNK )NP (PP of (NP *UNK )NP )PP )NP , (NP baseball )NP )NP )PP )NP )VP . )S  STOP
(SINV `` (S (NP *UNKC )NP (ADVP always )ADVP (VP makes (S (NP you )NP (VP quit )VP )S )VP )S , '' (VP says )VP (NP (NP *UNK St. Louis *UNKC *UNK *UNKC *UNKC )NP , (NP (NP the league 's )NP commissioner )NP )NP . )SINV  STOP
(S `` (NP You )NP (VP feel (SBAR (S (NP you )NP (VP want (NP (NP (QP one more )QP )NP -- (NP (NP (QP one more )QP *UNK- )NP , (NP (QP one more )QP hit )NP , (NP (QP one more )QP game )NP )NP )NP )VP )S )SBAR )VP . '' )S  STOP
(S (SBAR Until (S (NP (NP the *UNKED *UNK )NP (PP of (NP today )NP )PP )NP (VP *UNK (NP these *UNK )NP (PP for (NP spring training )NP )PP )VP )S )SBAR , (NP there )NP (VP is (NP (QP one more )QP )NP )VP . )S  STOP
(FRAG And not (ADVP just )ADVP (PP for (NP the players )NP )PP . )FRAG  STOP
(S (NP It )NP (VP 's (NP (NP one more )NP (PP for (NP (NP the *UNKING (NX (NX lawyers )NX , (NX *UNK )NX and (NX real estate developers )NX )NX )NP (SBAR (WHNP who )WHNP (S (VP *UNKED (PRT up )PRT (NP (QP about $ 1 million )QP )NP (NP each )NP (PP for (NP the chance (S (VP (VP to (VP be (NP an owner )NP )VP )VP , (VP to (VP (VP step (PP into (NP (NP the shoes )NP (PP of (NP a *UNKC *UNKC )NP )PP )NP )PP )VP or (VP have (NP a beer )NP (PP with (NP *UNKC *UNKC )NP )PP )VP )VP )VP )VP )S )NP )PP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(SINV `` (S (NP Nothing )NP (VP can (VP be (ADJP (ADJP better )ADJP (PP than (NP this )NP )PP )ADJP )VP )VP )S , '' (VP says )VP (NP (NP Don *UNKC )NP , (NP (NP owner )NP (PP of (NP the West *UNKC Beach *UNKC )NP )PP )NP )NP . )SINV  STOP
(S (ADVP Early (PP in (NP the morning )NP )PP )ADVP (NP (NP Mr. *UNKC )NP , (NP an estate lawyer )NP , )NP (VP *UNK (PP over (NP last *UNK and *UNK )NP )PP )VP . )S  STOP
(S (NP *UNKING )NP , (NP he )NP (VP (VP *UNK (NP an *UNK- *UNK )NP )VP and (VP (PRN , (PP for (NP fun )NP )PP , )PRN may (VP field (NP (NP a *UNK )NP (PP from (NP *UNKC *UNKC )NP )PP )NP )VP )VP )VP . )S  STOP
(S (NP It )NP (VP 's (NP (NP (QP one more )QP )NP , (ADVP too )ADVP , (PP for (NP (NP the fans )NP (SBAR (WHNP who )WHNP (S (VP dream (PP of (NP (NP a season )NP (SBAR (WHNP that )WHNP (S (ADVP never )ADVP (VP ends )VP )S )SBAR )NP )PP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(SINV `` (S (NP I )NP (VP feel (PP like (NP a little *UNK )NP )PP )VP )S , '' (VP says )VP (NP (NP a *UNK Alex de *UNKC )NP , (NP a car salesman )NP , (SBAR (WHNP who )WHNP (S (VP has (VP stopped (PRT by )PRT (NP (NP a *UNK )NP (PP of (NP the *UNKC )NP )PP )NP (S (VP to (VP slip (NP (NP six *UNKC cards )NP )NP (PP to (NP the Great *UNKC *UNKC )NP )PP (SBAR (S (VP to (VP be (VP *UNKED )VP )VP )VP )S )SBAR )VP )VP )S )VP )VP )S )SBAR )NP . )SINV  STOP
(S (NP (NP The league 's )NP *UNK )NP (VP hope (SBAR (S (NP *UNK and tourists )NP (VP will (VP (VP join (NP (NP *UNK- fans )NP (PP like (NP Mr. de *UNKC )NP )PP )NP )VP and (VP *UNK (NP the stands )NP (S (VP to (VP see (NP the *UNK )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The league )NP (VP is (NP (NP the *UNK )NP (PP of (NP (NP Colorado real estate developer James *UNKC )NP (PRN -- (ADVP once )ADVP (NP (NP a *UNK- )NP (NP himself )NP )NP -- )PRN (SBAR (WHNP who )WHNP (S (VP says (SBAR (S (NP he )NP (VP had (NP the idea )NP (NP last January )NP (SBAR while (S (VP *UNKING (PP on (NP a *UNK )NP )PP (PP in (NP Australia )NP )PP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP he )NP (VP sent (NP (NP letters )NP (VP offering (NP *UNKN retired major *UNK )NP (NP (NP the chance )NP (PP of (NP another season )NP )PP )NP )VP )NP )VP )S )SBAR , (NP *UNKN )NP (VP responded )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP (QP about 250 )QP )NP (VP made (NP (NP the trip )NP (PP to (NP Florida )NP )PP )NP (S (VP to (VP compete (PP for (NP the available *UNK )NP )PP )VP )VP )S )VP . )S  STOP
(S -LRB- (NP *UNKC )NP (VP have (S (VP to (VP be (UCP (NP 35 )NP or (ADJP older )ADJP )UCP )VP )VP )S , (PP except (PP for (NP (NP *UNK )NP , (SBAR (WHNP who )WHNP (S (VP are (ADJP eligible )ADJP (PP at (NP 32 )NP )PP (SBAR because (S (NP (NP life )NP (PP behind (NP the *UNK )NP )PP )NP (VP is (ADJP so rough )ADJP )VP )S )SBAR )VP )S )SBAR )NP )PP )PP )VP . -RRB- )S  STOP
(S (PP For (NP some players )NP )PP , (NP the *UNK )NP (VP is (NP (NP money )NP -- (NP (NP (QP up to $ 15,000 )QP )NP (NP a month )NP )NP )NP )VP . )S  STOP
(S (NP (NP Others )NP , (VP (ADVP just )ADVP released (PP from (NP the *UNK )NP )PP )VP , )NP (VP hope (SBAR (S (NP the senior league )NP (VP will (VP be (NP (NP their bridge )NP (ADVP back (PP into (NP the *UNK- )NP )PP )ADVP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S But (SBAR as (S (NP they )NP (VP (VP *UNK (NP (NP *UNK )NP (SBAR (WHNP that )WHNP (S (VP *UNK (CONJP rather than )CONJP *UNK )VP )S )SBAR )NP )VP , and (VP *UNK (NP old *UNK )NP (PP in (NP the *UNK )NP )PP )VP )VP )S )SBAR , (NP (NP it )NP )NP (VP 's (ADJP clear )ADJP (SBAR that (S (NP most )NP (VP are (ADVP there )ADVP (S (VP to (VP (VP make (S (NP their fans )NP (VP *UNK (ADVP again )ADVP )VP )S )VP or (VP *UNK (NP (NP the *UNK )NP (PP of (NP (NP *UNK )NP (NP past )NP )NP )PP )NP )VP or (VP prove (PP to (NP (NP themselves )NP and (NP their colleagues )NP )NP )PP (SBAR that (S (NP they )NP (ADVP still )ADVP (VP have (NP (NP it )NP -- or (NP (NP something )NP (ADJP close (PP to (NP it )NP )PP )ADJP )NP )NP )VP )S )SBAR )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S `` (NP My *UNK )NP (VP is (ADJP good )ADJP )VP . )S  STOP
(SINV (FRAG (ADJP Real good )ADJP )FRAG , '' (VP says )VP (NP *UNK- *UNKC *UNKC )NP , (S (VP working (PP in (NP (NP the *UNK heat )NP (PP of (NP the *UNKC *UNK )NP )PP )NP )PP )VP )S . )SINV  STOP
(S (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP started (PP with (NP the *UNK- Washington *UNKC )NP )PP )VP )S )SBAR , )NP (VP says (SBAR that (S (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP left (NP baseball )NP (PP in (NP *UNKN )NP )PP )VP )S )SBAR , (NP he )NP `` (ADVP never )ADVP (VP looked (ADVP back )ADVP )VP )S )SBAR )VP . '' )S  STOP
(S (PP For (NP a long time )NP )PP , (NP he )NP (VP ignored (NP (NP baseball )NP )NP (ADVP altogether )ADVP , (NP even the sports pages )NP )VP . )S  STOP
(S (ADVP Now )ADVP (NP (NP Mr. *UNKC )NP , (NP a lawyer )NP , )NP (VP claims (SBAR (S (NP he )NP (VP 'd (VP play (PP for (ADJP free )ADJP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP You )NP (VP ca n't (VP give (NP it )NP (PRT up )PRT (ADVP that easily )ADVP )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (NP I )NP (VP tried )VP . '' )S  STOP
(S (NP (NP The *UNKING memory )NP (PP of (NP (NP one afternoon )NP (ADVP (NP *UNK years )NP ago )ADVP )NP )PP )NP (VP drove (S (NP (NP Jim *UNKC )NP , (NP a *UNK *UNK- *UNK )NP )NP (VP to (VP take (NP (NP a *UNK- leave )NP (PP from (S (VP selling (NP insurance )NP (PP in (NP Texas )NP )PP )VP )S )PP )NP (S (VP to (VP try (PRT out )PRT (PP for (NP (NP Mr. *UNKC 's )NP team )NP )PP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S `` (S (S (NP It )NP (VP does n't (VP replace (S (VP *UNKING (PP in (NP the *UNK )NP )PP )VP )S )VP )VP )S , but (S (NP it )NP (VP *UNK (PP to (NP me )NP )PP (SBAR that (S (NP I )NP (VP would (VP have (VP been (ADJP able (S (VP to (VP play )VP )VP )S )ADJP (SBAR if (S (NP I )NP (VP 'd (VP stayed (ADJP healthy )ADJP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP )S )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (ADVP Back (PP in (NP 1975 )NP )PP )ADVP , (PP (ADVP late )ADVP in (NP the season )NP )PP , (NP a *UNK- Mr. *UNKC )NP (VP made (NP (NP his only major league appearance )NP , (NP (NP five and two-thirds *UNK )NP (PP for (NP the Texas *UNKC )NP )PP (PP against (NP the Chicago White *UNKC )NP )PP )NP )NP )VP . )S  STOP
(S (NP He )NP (VP (VP gave (PRT up )PRT (NP seven hits )NP )VP , (VP *UNKED (NP five )NP )VP and (VP did n't (VP get (NP a decision )NP )VP )VP )VP . )S  STOP
(S (NP *UNKC troubles )NP (VP forced (NP him )NP (ADVP back )ADVP (PP to (NP the *UNK )NP )PP (NP the next year )NP )VP . )S  STOP
(SINV `` (S (NP There )NP (VP 's (NP a satisfaction )NP (PP in (S (VP going (PP against (NP the rules )NP )PP )VP )S )PP )VP )S , '' (VP offers )VP (NP (NP Will *UNKC )NP , (ADVP once )ADVP (NP (NP a *UNK )NP (PP with (NP (NP Cincinnati 's )NP Big Red *UNKC )NP )PP )NP )NP . )SINV  STOP
(S (NP He )NP (VP means (NP the rule (SBAR that (S (NP a player )NP (VP ca n't (VP cut (NP it )NP (PP after (NP a certain age )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP These days )NP (NP he )NP (VP *UNK (PP to (NP *UNKING jobs )NP )PP (PP in (NP his *UNKC *UNK )NP )PP (PP before and after (S (VP training (PP with (NP the *UNKC )NP )PP )VP )S )PP )VP . )S  STOP
(S (SBAR While (S (VP *UNKING (NP a beer )NP (PP after (NP practice )NP )PP )VP )S )SBAR , (NP he )NP (VP (ADVP *UNKLY )ADVP *UNK (S (VP (VP getting (S (NP (NP the Red *UNKC 's )NP Carl *UNKC )NP (VP to (VP pop (ADVP out )ADVP (S (VP to (VP end (NP the 1975 World Series )NP )VP )VP )S )VP )VP )S )VP , and (VP *UNKING (NP the *UNK )NP (PP against (NP (NP the *UNKC ' )NP Roy White )NP )PP (PP in (NP 1976 )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP Some )NP (PP of (NP (NP the game 's )NP *UNKING *UNK )NP )PP )NP (VP *UNK (NP (NP the idea )NP (PP of (S (NP *UNKED men )NP (VP attempting (NP (NP a young man 's )NP sport )NP )VP )S )PP )NP )VP . )S  STOP
(SINV `` (S (NP I )NP (ADVP personally )ADVP (VP do n't (VP enjoy (S (VP seeing (S (NP (NP players )NP (SBAR (WHNP who )WHNP (S (NP I )NP (VP remember (ADVP *UNKLY )ADVP (PP from (NP their playing days )NP )PP )VP )S )SBAR )NP (VP (VP running (ADVP about )ADVP )VP and (VP being (ADJP *UNK (PP about (NP their *UNK )NP )PP )ADJP )VP )VP )S )VP )S )VP )VP )S , '' (VP says )VP (NP (NP Roger *UNKC )NP , (NP (NP New *UNKC magazine 's )NP *UNK baseball *UNK )NP )NP . )SINV  STOP
(S `` (NP I )NP (VP feel (SBAR (S (NP people )NP (VP should (VP be (VP allowed (S (VP to (VP remember (NP players )NP (SBAR as (S (NP they )NP (VP were )VP )S )SBAR )VP )VP )S )VP )VP )VP )S )SBAR )VP . '' )S  STOP
(SINV (ADVP *UNKC )ADVP , (VP says )VP (NP baseball author Lawrence *UNKC )NP , `` (S (S (NP *UNKC )NP (VP will (VP get (NP a heart attack )NP )VP )VP )S and (S (NP that )NP (VP will (VP be (NP (NP the end )NP (PP of (NP the whole story )NP )PP )NP )VP )VP )S )S . '' )SINV  STOP
(S But (NP the *UNK )NP (VP disagree )VP . )S  STOP
(S (NP Most )NP (VP are (ADJP *UNK )ADJP )VP . )S  STOP
(S (S (NP Some )NP (VP have (VP been (VP training (PP for (NP months )NP )PP )VP )VP )VP )S ; (S (NP others )NP (ADVP only recently )ADVP (VP left (NP active status )NP )VP )S . )S  STOP
(S -LRB- (S (NP No one )NP (VP has (VP worked (PRT out )PRT (NP (NP the players ' )NP average age )NP )VP )VP )S , but (S (NP most )NP (VP appear (S (VP to (VP be (PP in (NP their late *UNK )NP )PP )VP )VP )S )VP )S . -RRB- )S  STOP
(S And (NP there )NP (VP 's (NP pride )NP )VP . )S  STOP
(SINV `` (S (NP I )NP (VP 'm not (VP going (S (VP to (VP look (ADJP *UNK )ADJP )VP )VP )S )VP )VP )S , '' (VP *UNK )VP (NP former Pittsburgh *UNKC second *UNK *UNKC *UNKC )NP , (S (NP *UNK )NP (VP *UNKING (NP his *UNK )NP (SBAR as (S (NP he )NP (VP *UNK (PP for (NP some practice swings )NP )PP )VP )S )SBAR )VP )S . )SINV  STOP
(SINV `` (S (NP It )NP (VP 's (VP going (S (VP to (VP be (NP a tough league )NP )VP )VP )S )VP )VP )S , '' (VP promises )VP (NP the *UNK- Mr. *UNKC )NP . )SINV  STOP
(S `` (NP There )NP (VP will (VP be (NP (NP a lot )NP (PP of (NP *UNK )NP )PP )NP )VP )VP . '' )S  STOP
(S (S (NP (NP *UNKC )NP (SBAR (WHNP who )WHNP (S (VP have (VP played (ADVP hard )ADVP (NP all their lives )NP )VP )VP )S )SBAR )NP (VP are n't (ADJP about (S (VP to (VP change (NP their *UNK )NP )VP )VP )S )ADJP )VP )S , (NP he )NP (VP says )VP . )S  STOP
(S (ADVP *UNKC )ADVP , (NP one )NP (VP ca n't (VP help (S (VP wonder (SBAR whether (S (NP the game )NP (VP will (VP be (ADJP (NP just a little bit )NP slower )ADJP )VP )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(S (PP At (NP the *UNK *UNKC Beach municipal stadium )NP )PP , (NP (NP Mr. *UNKC )NP , (NP the *UNK- former *UNKC )NP , )NP (VP knows (SBAR (S (NP his power )NP (VP is n't (SBAR (WHNP what )WHNP (S (NP it )NP (VP used (S (VP to (VP be )VP )VP )S )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S So (NP he )NP (VP *UNK )VP . )S  STOP
(S (NP He )NP (ADVP no longer )ADVP (VP *UNK (NP the *UNK )NP )VP . )S  STOP
(S (NP He )NP (VP 's not (VP thinking (PP about (NP home runs )NP )PP (ADVP anymore )ADVP (FRAG , (NP just base hits )NP )FRAG )VP )VP . )S  STOP
(S (ADVP Still )ADVP , `` (SBAR (WHADJP how *UNK )WHADJP (S (NP it )NP (VP is )VP )S )SBAR , '' (NP he )NP (VP says , (S (VP *UNKING (NP (NP the fat sound )NP (PP of (NP (NP the *UNK- line drive )NP (SBAR (WHNP that )WHNP (S (VP *UNK (PP off (NP the center field wall )NP )PP )VP )S )SBAR )NP )PP )NP )VP )S )VP . )S  STOP
(SINV And (S (VP do n't (VP expect (NP (NP (NP many complete games )NP (PP by (NP *UNK )NP )PP )NP -- (NP perhaps (NP three )NP (ADVP out (PP of (NP *UNKN )NP )PP )ADVP )NP )NP )VP )VP )S , (VP *UNK )VP (NP (NP Mr. *UNKC )NP , (NP the former Oakland *UNK )NP )NP . )SINV  STOP
(SINV (S (VP *UNKC (NP (NP `` *UNK '' stuff )NP (PP from (NP *UNK )NP )PP )NP )VP )S , (VP says )VP (NP (NP Mr. *UNKC )NP , (NP the manager )NP )NP . )SINV  STOP
(SINV (S (VP *UNKC (NP (NP *UNK )NP but (NP no *UNK )NP )NP )VP )S , (VP says )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S (SINV (S (ADVP Even )ADVP (VP expect (NP stolen bases )NP )VP )S , (VP says )VP (NP the (ADJP *UNK and fit )ADJP Mr. *UNKC )NP )SINV : (S `` (S (SBAR If (S (NP you )NP (VP know (SBAR (WHADVP how )WHADVP (S (VP to (VP slide )VP )VP )S )SBAR )VP )S )SBAR , (NP it )NP (VP 's (NP no problem )NP )VP )S , '' (NP he )NP (VP says )VP )S . )S  STOP
(S And (VP expect (NP slower *UNK )NP )VP . )S  STOP
(SINV `` (S (NP I )NP (VP 'm not (ADJP so young )ADJP (ADVP anymore )ADVP )VP )S , '' (VP concedes )VP (NP the *UNKING , *UNK- Mr. *UNKC )NP . )SINV  STOP
(S `` (S (S (NP I )NP (VP wo n't (VP be (VP throwing (NP 90 *UNK )NP )VP )VP )VP )S , but (S (NP I )NP (VP will (VP throw (NP *UNK- )NP )VP )VP )S )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP (NP *UNKED *UNKC *UNKC )NP , (PP at (NP 54 )NP )PP (NP (NP (NP the league 's )NP *UNK player )NP and (NP (NP a *UNK- )NP (PP with (NP the *UNKC )NP )PP )NP )NP , )NP (VP has (VP lost (NP (ADJP even more )ADJP speed )NP )VP )VP . )S  STOP
(S (S (VP *UNKING (NP (NP a *UNK )NP (PP of (NP Red *UNKC )NP )PP )NP (PP into (NP his *UNK )NP )PP )VP )S , (NP he )NP (VP admits (SBAR (S (NP (NP the *UNK )NP (SBAR (S (NP he )NP (VP brought (PP into (NP the *UNK )NP )PP (PP in (NP *UNKN )NP )PP )VP )S )SBAR )NP (VP has (VP become (NP a *UNK )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Its maximum *UNK )NP (VP is (NP 72 *UNK )NP )VP . )S  STOP
(S But (NP he )NP (VP is n't (ADJP worried )ADJP )VP . )S  STOP
(S (NP He )NP (VP will (VP *UNK (PP with (NP (NP the *UNK )NP (VP learned (PP from (NP (NP his years )NP (PP in (NP the *UNK )NP )PP )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (NP He )NP (VP has (NP good control )NP )VP . )S  STOP
(S (NP He )NP (VP will (VP (VP keep (NP the *UNK )NP (PRT down )PRT )VP , (VP move (NP it )NP (ADVP around )ADVP )VP )VP )VP . )S  STOP
(S (PP After (NP all )NP )PP (PRN , (S (NP he )NP (VP says )VP )S , )PRN `` (S (ADVP Even )ADVP (VP to (VP make (NP love )NP )VP )VP )S , (NP you )NP (VP need (NP experience )NP )VP . )S  STOP
(S (NP *UNKC Corp. )NP (VP said (SBAR (S (NP it )NP (VP will (VP acquire (NP (NP the 55 % )NP (PP of (NP (NP *UNKC *UNKC Telephone Company Inc. 's )NP cellular franchise )NP )PP (SBAR (WHNP that )WHNP (S (NP it )NP (VP does n't (VP own (ADVP already )ADVP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Terms )NP (VP were n't (VP disclosed )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP holds (NP (NP 45 % )NP (PP of (NP (NP the franchise )NP , (SBAR (WHNP which )WHNP (S (VP has (NP (NP operations )NP (PP in (NP (NP (NP *UNKC )NP , (NP *UNKC )NP )NP , and (NP (NP *UNKC )NP , (NP *UNK )NP )NP )NP )PP )NP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP provides (NP local telephone service )NP (PP in (NP 25 states )NP )PP )VP )S )SBAR , )NP (VP said (SBAR (S (NP it )NP (VP *UNKED (NP (NP its right )NP (PP of (NP first *UNK )NP )PP )NP (PP following (NP (NP an offer )NP (PP from (NP an *UNKED third party )NP )PP (S (VP to (VP acquire (NP (NP the majority position )NP (PP in (NP the franchise )NP )PP )NP )VP )VP )S )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC & *UNKC Services Inc. )NP (VP said (SBAR (S (NP it )NP (VP received (NP (NP two contracts )NP (VP totaling (NP $ (QP 19 million )QP )NP )VP (SBAR (S (VP to (VP build (NP *UNK- *UNK )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The separate contracts )NP (VP were (PP from (NP (NP (NP *UNKC *UNKC & Water Commission )NP , (NP (NP a utility )NP (PP in (NP (NP *UNKC )NP , (NP *UNKC )NP )NP )PP )NP )NP , and (NP (NP *UNKC Inc. )NP , (NP (NP a *UNK- operator )NP (PP in (NP Houston )NP )PP )NP )NP )NP )PP )VP . )S  STOP
(S (NP *UNKC & *UNKC )NP (VP makes (NP (NP equipment )NP (VP *UNKED (PP with (NP *UNK and gas *UNK )NP )PP )VP )NP )VP . )S  STOP
(S (NP *UNKC National *UNKC )NP (VP said (SBAR (S (NP (NP its acquisition )NP (PP of (NP (NP *UNKC Deposit Bank )NP , (NP (NP *UNKC )NP , (NP Ky. )NP )NP )NP )PP , (VP (ADVP first )ADVP announced (PP in (NP April )NP )PP )VP , )NP (VP has (VP been (VP completed (PP in (NP (NP a transaction )NP (VP valued (PP at (NP (QP $ *UNKN million )QP )NP )PP )VP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC National )NP (VP *UNKED (NP (NP (QP about *UNKN )QP shares )NP (PP of (NP its common stock )NP )PP )NP (PP for (NP (NP each )NP (PP of (NP (NP (NP *UNKC Deposit 's )NP *UNKN shares )NP (ADJP outstanding )ADJP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC National )NP , (NP a bank holding company )NP , )NP (VP has (NP (NP assets )NP (VP exceeding (NP (QP $ 3 billion )QP )NP )VP )NP )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP was (VP appointed (S (NP (NP (NP president )NP and (NP chief executive officer )NP )NP (PP of (NP this (ADJP financially troubled )ADJP department store chain )NP )PP )NP )S , (S (ADJP effective (NP Nov. 15 )NP )ADJP )S , (S (VP succeeding (NP (NP Frank Robertson )NP , (SBAR (WHNP who )WHNP (S (VP is (VP retiring (ADVP early )ADVP )VP )VP )S )SBAR )NP )VP )S )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP was (ADVP previously )ADVP (NP (NP (NP president )NP and (NP chief operating officer )NP )NP (PP of (NP (NP *UNKC Inc. )NP , (NP (NP a retail chain )NP (SBAR (WHNP that )WHNP (S (VP is (VP owned (PP by (NP (NP Toronto-based (NP Hudson 's )NP Bay Co. )NP , (NP (NP Canada 's )NP largest department store operator )NP )NP )PP )VP )VP )S )SBAR )NP )NP )PP )NP )VP . )S  STOP
(NP (NP Tuesday )NP , (NP October 31 , 1989 )NP )NP  STOP
(S (NP (NP The key (UCP U.S. and foreign )UCP annual interest rates )NP (ADVP below )ADVP )NP (VP (VP are (NP (NP a guide )NP (PP to (NP general levels )NP )PP )NP )VP but (VP do n't (ADVP always )ADVP (VP represent (NP actual transactions )NP )VP )VP )VP . )S  STOP
(NP (NP PRIME RATE )NP : (NP (QP 10 1\/2 )QP % )NP . )NP  STOP
(NP (NP The base rate )NP (PP on (NP corporate loans )NP )PP (PP at (NP large U.S. money center commercial banks )NP )PP . )NP  STOP
(NP (NP FEDERAL FUNDS )NP : (NP (NP (ADJP 9 % )ADJP high )NP , (NP (ADJP (QP 8 *UNKN )QP % )ADJP low )NP , (NP (ADJP (QP 8 7\/8 )QP % )ADJP (ADJP near closing )ADJP bid )NP , (NP (NP (QP 8 *UNKN )QP % )NP (VP offered )VP )NP )NP . )NP  STOP
(S (NP *UNKC )NP (VP traded (PP among (NP commercial banks )NP )PP (PP for (NP overnight use )NP )PP (PP in (NP (NP amounts )NP (PP of (NP (QP $ 1 million )QP (QP or more )QP )NP )PP )NP )PP )VP . )S  STOP
(NP (NP Source )NP : (NP *UNKC *UNKC (PRN -LRB- *UNKC . -RRB- )PRN Inc )NP . )NP  STOP
(NP (NP *UNKC RATE )NP : (NP 7 % )NP . )NP  STOP
(NP (NP The charge )NP (PP on (NP loans )NP )PP (PP to (NP depository institutions )NP )PP (PP by (NP the New York Federal Reserve Bank )NP )PP . )NP  STOP
(NP (NP *UNKC *UNKC )NP : (NP (NP (QP 9 3\/4 )QP % )NP to (NP 10 % )NP )NP . )NP  STOP
(NP (NP The charge )NP (PP on (NP loans )NP )PP (PP to (NP brokers )NP )PP (PP on (NP stock exchange collateral )NP )PP . )NP  STOP
(NP (NP (NP COMMERCIAL PAPER )NP (VP placed (ADVP directly )ADVP (PP by (NP General Motors Acceptance Corp. )NP )PP )VP )NP : (NP (NP (NP 8.55 % )NP (NP (QP 30 to 44 )QP days )NP )NP ; (NP (NP *UNKN % )NP (NP (QP 45 to 59 )QP days )NP )NP ; (NP (NP *UNKN % )NP (NP (QP 60 to 89 )QP days )NP )NP ; (NP (NP 8 % )NP (NP (QP 90 to *UNKN )QP days )NP )NP ; (NP (NP 7.90 % )NP (NP (QP 120 to *UNKN )QP days )NP )NP ; (NP (NP *UNKN % )NP (NP (QP 150 to *UNKN )QP days )NP )NP ; (NP (NP *UNKN % )NP (NP (QP 180 to 270 )QP days )NP )NP )NP . )NP  STOP
(NP (NP COMMERCIAL PAPER )NP : (NP (NP (NP *UNKC unsecured notes )NP (VP sold (PP through (NP dealers )NP )PP (PP by (NP major corporations )NP )PP (PP in (NP (NP *UNK )NP (PP of (NP $ 1,000 )NP )PP )NP )PP )VP )NP : (NP (NP (NP *UNKN % )NP (NP 30 days )NP )NP ; (NP (NP 8.55 % )NP (NP 60 days )NP )NP ; (NP (NP 8.45 % )NP (NP 90 days )NP )NP )NP )NP . )NP  STOP
(NP (NP (NP *UNKC )NP (PP OF (NP *UNKC )NP )PP )NP : (NP (NP (NP *UNKN % )NP (NP one month )NP )NP ; (NP (NP *UNKN % )NP (NP two months )NP )NP ; (NP (NP *UNKN % )NP (NP three months )NP )NP ; (NP (NP *UNKN % )NP (NP six months )NP )NP ; (NP (NP *UNKN % )NP (NP one year )NP )NP )NP . )NP  STOP
(NP (NP Average )NP (PP of (NP (NP top rates )NP (VP paid (PP by (NP major New York banks )NP )PP (PP on (NP (NP primary new issues )NP (PP of (NP *UNK *UNKC )NP )PP )NP )PP , (PP (ADVP usually )ADVP on (NP (NP amounts )NP (PP of (NP (NP (QP $ 1 million )QP )NP and (NP more )NP )NP )PP )NP )PP )VP )NP )PP . )NP  STOP
(S (NP The minimum unit )NP (VP is (NP $ 100,000 )NP )VP . )S  STOP
(NP (NP (NP Typical rates )NP (PP in (NP the secondary market )NP )PP )NP : (NP (NP (NP *UNKN % )NP (NP one month )NP )NP ; (NP (NP 8.50 % )NP (NP three months )NP )NP ; (NP (NP *UNKN % )NP (NP six months )NP )NP )NP . )NP  STOP
(NP (NP *UNKC *UNKC )NP : (NP (NP (NP *UNKN % )NP (NP 30 days )NP )NP ; (NP (NP *UNKN % )NP (NP 60 days )NP )NP ; (NP (NP *UNKN % )NP (NP 90 days )NP )NP ; (NP (NP *UNKN % )NP (NP 120 days )NP )NP ; (NP (NP *UNKN % )NP (NP 150 days )NP )NP ; (NP (NP *UNKN % )NP (NP 180 days )NP )NP )NP . )NP  STOP
(NP (NP *UNKC , *UNKED business credit instruments )NP (VP (ADVP typically )ADVP financing (NP an import order )NP )VP . )NP  STOP
(NP (NP LONDON *UNKC *UNKC )NP : (NP (NP (NP (NP (QP 8 3\/4 )QP % )NP to (NP (QP 8 5\/8 )QP % )NP )NP (NP one month )NP )NP ; (NP (NP (NP (QP 8 3\/4 )QP % )NP to (NP (QP 8 5\/8 )QP % )NP )NP (NP two months )NP )NP ; (NP (NP (NP (QP 8 11\/16 )QP % )NP to (NP (QP 8 9\/16 )QP % )NP )NP (NP three months )NP )NP ; (NP (NP (NP (QP 8 9\/16 )QP % )NP to (NP (QP 8 7\/16 )QP % )NP )NP (NP four months )NP )NP ; (NP (NP (NP (QP 8 1\/2 )QP % )NP to (NP (QP 8 3\/8 )QP % )NP )NP (NP five months )NP )NP ; (NP (NP (NP (QP 8 7\/16 )QP % )NP to (NP (QP 8 *UNKN )QP % )NP )NP (NP six months )NP )NP )NP . )NP  STOP
(NP (NP (NP LONDON *UNKC *UNKC RATES )NP (PRN -LRB- (NP LIBOR )NP -RRB- )PRN )NP : (NP (NP (NP (QP 8 3\/4 )QP % )NP (NP one month )NP )NP ; (NP (NP (QP 8 11\/16 )QP % )NP (NP three months )NP )NP ; (NP (NP (QP 8 7\/16 )QP % )NP (NP six months )NP )NP ; (NP (NP (QP 8 7\/16 )QP % )NP (NP one year )NP )NP )NP . )NP  STOP
(NP (NP The average )NP (PP of (NP interbank offered rates )NP )PP (PP for (NP dollar deposits )NP )PP (PP in (NP the London market )NP )PP (PP based (PP on (NP (NP quotations )NP (PP at (NP five major banks )NP )PP )NP )PP )PP . )NP  STOP
(NP (NP *UNKC PRIME RATES )NP : (NP (NP (NP Canada )NP (NP *UNKN % )NP )NP ; (NP (NP Germany )NP (NP 9 % )NP )NP ; (NP (NP Japan )NP (NP *UNKN % )NP )NP ; (NP (NP Switzerland )NP (NP 8.50 % )NP )NP ; (NP (NP Britain )NP (NP 15 % )NP )NP )NP . )NP  STOP
(S (S (NP These rate indications )NP (VP are n't (ADJP directly comparable )ADJP )VP )S ; (S (NP lending practices )NP (VP vary (ADVP widely )ADVP (PP by (NP location )NP )PP )VP )S . )S  STOP
(NP (NP *UNKC *UNKC )NP : (NP (NP (NP Results )NP (PP of (NP (NP the (NAC Monday , October 30 , 1989 , )NAC auction )NP (PP of (NP (NP short-term U.S. government bills )NP , (VP sold (PP at (NP (NP a discount )NP (PP from (NP face value )NP )PP )NP )PP (PP in (NP (NP units )NP (PP of (NP (QP $ 10,000 to $ 1 million )QP )NP )PP )NP )PP )VP )NP )PP )NP )PP )NP : (NP (NP (NP *UNKN % )NP (NP 13 weeks )NP )NP ; (NP (NP *UNKN % )NP (NP 26 weeks )NP )NP )NP )NP . )NP  STOP
(NP (NP (NP FEDERAL *UNKC *UNKC MORTGAGE *UNKC . )NP (PRN -LRB- (NP Freddie Mac )NP -RRB- )PRN )NP : (NP (NP Posted yields )NP (PP on (NP 30-year mortgage commitments )NP )PP (PP for (NP (NP delivery )NP (PP within (NP 30 days )NP )PP )NP )PP )NP . )NP  STOP
(NP (NP (NP *UNKN % )NP , (NP standard conventional fixed-rate mortgages )NP )NP ; (NP (NP 7.875 % )NP , (NP (ADJP 2 % )ADJP (ADJP rate capped )ADJP one-year adjustable rate mortgages )NP )NP . )NP  STOP
(NP (NP Source )NP : (NP Telerate Systems Inc )NP . )NP  STOP
(NP (NP (NP FEDERAL NATIONAL MORTGAGE *UNKC )NP (PRN -LRB- (NP Fannie Mae )NP -RRB- )PRN )NP : (NP (NP (NP Posted yields )NP (PP on (NP 30 year mortgage commitments )NP )PP (PP for (NP (NP delivery )NP (PP within (NP 30 days )NP )PP )NP )PP (PRN -LRB- (VP priced (PP at (NP par )NP )PP )VP -RRB- )PRN )NP (NP (NP (NP *UNKN % )NP , (NP standard conventional fixed-rate mortgages )NP )NP ; (NP (NP *UNKN % )NP , (NP *UNKN (ADJP rate capped )ADJP one-year adjustable rate mortgages )NP )NP )NP )NP . )NP  STOP
(NP (NP Source )NP : (NP Telerate Systems Inc )NP . )NP  STOP
(NP (NP *UNKC *UNKC *UNKC *UNKC *UNKC )NP : (NP *UNKN % )NP . )NP  STOP
(NP (NP (NP Annualized average rate )NP (PP of (NP return )NP )PP (PP after (NP (NP expenses )NP (PP for (NP the past 30 days )NP )PP )NP )PP )NP ; (NP (NP not a forecast )NP (PP of (NP future returns )NP )PP )NP . )NP  STOP
(S (S (NP (NP Canada 's )NP gross domestic product )NP (VP rose (NP an *UNKED 0.3 % )NP (PP in (NP August )NP )PP , (PP (ADVP mainly )ADVP as (NP (NP a result )NP (PP of (NP *UNK- growth )NP )PP )NP )PP )VP )S , (NP (NP Statistics Canada )NP , (NP a federal agency )NP , )NP (VP said )VP . )S  STOP
(S (NP The August *UNKC )NP (VP was (ADVP up (NP 2.4 % )NP (PP from (NP its year-earlier level )NP )PP )ADVP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (NP (NP the total value )NP (PP of (NP (NP (NP a nation 's )NP output )NP (PP of (NP goods and services )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Statistics Canada )NP (VP said (SBAR (S (NP (NP *UNK- output )NP (PP in (NP August )NP )PP )NP (VP rose (NP *UNKN % )NP (PP from (NP July )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP *UNKING industries )NP )PP )NP (VP increased (NP 0.1 % )NP )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP Statistics Canada )NP (VP reported (SBAR that (S (NP its *UNK- price index )NP (VP dropped (NP 0.2 % )NP (PP in (NP September )NP )PP , (NP its third consecutive monthly decline )NP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP reported (NP (NP a (ADJP 2.6 % )ADJP decline )NP (PP in (NP its *UNK- price index )NP )PP (PP for (NP September )NP )PP )NP )VP . )S  STOP
(S (NP Columbia Pictures Entertainment Inc. )NP (VP was (VP dropped , (ADJP effective (NP today )NP )ADJP , (PP from (NP (NP the *UNK products and services industry group )NP (PP of (NP the Dow Jones Equity Market Index )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Columbia Pictures )NP (VP is (VP being (VP acquired (PP by (NP (NP Sony Corp. )NP , (SBAR (WHNP which )WHNP (S (VP is (VP based (PP in (NP Japan )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP People 's )NP Savings Financial Corp. )NP (VP said (SBAR (S (NP it )NP (VP will (VP buy (ADVP back )ADVP (NP (NP (QP as much as 10 )QP % )NP (PP of (NP (NP its (QP 2.4 million )QP shares )NP (ADJP outstanding )ADJP )NP )PP )NP (SBAR because (S (NP the stock )NP (VP is (VP *UNKED )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The holding company )NP (VP said (SBAR (S (NP it )NP (VP has (VP been (VP `` (ADVP *UNKLY )ADVP associated '' (PP with (NP (NP other banks )NP (PP in (NP New England )NP )PP (SBAR (WHNP that )WHNP (S (VP have (VP had (NP major loan losses )NP (PP in (NP recent quarters )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP its (NP People 's )NP Savings Bank unit )NP (VP does n't (VP have (NP (NP a `` large exposure )NP (PP to (NP (NP (UCP construction and commercial )UCP loans )NP (SBAR (WHNP that )WHNP (S (VP have (VP caused (NP (NP the loan-loss problems )NP (PP in (NP (NP many )NP (PP of (NP the banks )NP )PP )NP )PP )NP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A seat )NP (PP on (NP the Chicago Mercantile Exchange )NP )PP )NP (VP was (VP sold (PP for (NP (NP $ *UNKN )NP , (ADVP down (NP $ 6,000 )NP (PP from (NP (NP the previous sale )NP (NP *UNKC )NP )NP )PP )ADVP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (ADVP currently )ADVP (VP are (VP quoted (PP at (NP (NP (NP $ 400,000 )NP (VP bid )VP )NP , (NP (NP $ *UNKN )NP (VP asked )VP )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The record price )NP (PP for (NP (NP a full membership )NP (PP on (NP the exchange )NP )PP )NP )PP )NP (VP is (NP $ *UNKN )NP , (VP set (NP March 9 )NP )VP )VP . )S  STOP
(S (PP In (NP a surprise move )NP )PP , (NP the British government )NP (VP cleared (NP the way )NP (PP for (NP (NP a bidding war )NP (PP for (NP Jaguar PLC )NP )PP )NP )PP (PP by (S (VP agreeing (S (VP to (VP remove (NP (NP an *UNK )NP (PP to (NP (NP a takeover )NP (PP of (NP the auto maker )NP )PP )NP )PP )NP )VP )VP )S )VP )S )PP )VP . )S  STOP
(S (NP Trade and Industry Secretary Nicholas *UNKC )NP (VP told (NP (NP the House )NP (PP of (NP *UNKC )NP )PP )NP (NP yesterday )NP (SBAR that (S (NP he )NP (VP will (VP *UNK (NP (NP (NP the government 's )NP so-called golden share )NP (PP in (NP the company )NP )PP )NP (ADVP (ADVP as long )ADVP (SBAR as (S (NP Jaguar shareholders )NP (VP agree )VP )S )SBAR )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The golden share )NP (VP (VP *UNK (NP any individual holding )NP (PP to (NP 15 % )NP )PP )VP and (VP expires (PP at (NP (NP the end )NP (PP of (NP 1990 )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP It )NP )NP (VP was (PP in (NP (NP Jaguar 's )NP best interests )NP )PP `` (SBAR for (S (S (NP (NP the company 's )NP future )NP (VP to (VP be (ADJP assured )ADJP )VP )VP )S and (S (NP (NP the present climate )NP (PP of (NP uncertainty )NP )PP )NP (VP resolved (ADVP (ADVP as quickly )ADVP (PP as (ADJP possible )ADJP )PP )ADVP )VP )S )S )SBAR )VP , '' )S (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (NP (NP Mr. *UNKC 's )NP decision )NP (VP *UNK (NP the starting *UNK )NP (PP for (NP (NP perhaps a costly contest )NP (PP between (NP (NP the world 's )NP auto giants )NP )PP (PP for (NP (NP Britain 's )NP leading *UNK- maker )NP )PP )NP )PP )VP . )S  STOP
(S (NP Both (NP General Motors Corp. )NP and (NP Ford Motor Co. )NP )NP (VP have (VP been (VP trying (S (VP to (VP *UNK (NP (NP 15 % stakes )NP (PP in (NP Jaguar )NP )PP )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP (NP Ford )NP , (SBAR (WHNP which )WHNP (S (ADVP already )ADVP (VP has (NP an *UNK (ADJP *UNKN % )ADJP holding )NP )VP )S )SBAR , )NP (VP (VP is (ADJP prepared (S (VP to (VP bid (PP for (NP the entire company )NP )PP )VP )VP )S )ADJP )VP and (VP had (VP *UNKED (S (NP the government )NP (VP to (VP lift (NP the takeover restrictions )NP (ADVP early )ADVP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP GM )NP (VP has (VP been (VP negotiating (NP (NP a friendly transaction )NP (PP with (NP Jaguar )NP )PP (SBAR (WHNP that )WHNP (S (ADVP likely )ADVP (VP would (VP involve (NP (NP joint ventures )NP and (NP (NP an *UNK stake )NP (PP of (NP (QP just under 30 )QP % )NP )PP )NP )NP )VP )VP )S )SBAR )NP )VP )VP )VP . )S  STOP
(S But (NP (NP (NP the government 's )NP action )NP , (SBAR (WHNP which )WHNP (S (VP caught (NP Jaguar management )NP (S (ADJP *UNKED )ADJP )S )VP )S )SBAR , )NP (VP may (VP *UNK (NP the GM minority deal )NP (PP by (S (VP forcing (S (NP it )NP (VP to (VP fight (PP for (NP (NP all )NP (PP of (NP Jaguar )NP )PP )NP )PP )VP )VP )S )VP )S )PP )VP )VP . )S  STOP
(SINV `` (S (NP I )NP (VP ca n't (VP believe (SBAR (S (NP they (PRN -LRB- GM -RRB- )PRN )NP (VP will (VP let (S (NP Ford )NP (VP have (NP a free run )NP )VP )S )VP )VP )S )SBAR )VP )VP )S , '' (VP said )VP (NP (NP Stephen *UNKC )NP , (NP (NP a European auto industry analyst )NP (PP at (NP *UNKC & *UNKC )NP )PP )NP )NP . )SINV  STOP
(S `` (NP I )NP (VP am (ADJP sure (SBAR (S (NP they )NP (VP will (VP be (VP going (PP for (NP a full bid )NP )PP )VP )VP )VP )S )SBAR )ADJP )VP . '' )S  STOP
(S (NP Many investors )NP (ADVP certainly )ADVP (VP believe (SBAR (S (NP a bidding war )NP (VP is (ADJP *UNK )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP Jaguar shares )NP (VP *UNKED (NP yesterday )NP (PP after (NP (NP Mr. *UNKC 's )NP announcement )NP )PP , (PP following (NP (NP their temporary suspension )NP (PP on (NP (NP London 's )NP Stock Exchange )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP late trading )NP )PP , (NP the shares )NP (VP were (ADVP up (NP (NP a *UNKING *UNKN pence )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN (PRN -- (NP a (ADJP *UNKN % )ADJP gain )NP -- )PRN )NP )ADVP (PP to (NP a record *UNKN pence )NP )PP (PP on (NP (NP (ADJP very heavy )ADJP volume )NP (PP of (NP (QP *UNKN million )QP shares )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP the U.S. over-the-counter market )NP )PP , (NP (NP Jaguar shares )NP (VP trading (PP as (NP American *UNKC *UNKC )NP )PP )VP )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP up (NP $ *UNKN )NP )ADVP )VP . )S  STOP
(S (NP Analysts )NP (VP expect (SBAR (S (NP Ford )NP (VP will (VP make (NP the first move )NP , (NP (ADVP perhaps )ADVP today )NP , (PP with (NP (NP an initial offer )NP (PP of (NP (NP (NP (QP about 900 )QP pence )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN )NP (NP a share )NP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Such a proposal )NP (VP values (NP Jaguar )NP (PP at (NP (NP (QP more than # 1.6 billion )QP )NP (PRN -LRB- (NP (QP $ *UNKN billion )QP )NP -RRB- )PRN )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP about (NP a takeover fight )NP )PP )NP (VP has (VP sent (S (NP Jaguar shares )NP (VP soaring )VP )S (PP in (NP the past six weeks )NP )PP )VP )VP . )S  STOP
(S (NP The share price )NP (VP was (VP *UNKING (PP at (NP (QP about 400 )QP pence )NP )PP (PP before (NP (NP (NP Ford 's )NP Sept. 19 announcement )NP (PP of (NP (NP its interest )NP (PP in (NP a minority stake )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(SINV (S (NP Ford )NP (VP is `` (PP in (NP the driving seat )NP )PP (PP at (NP the moment )NP )PP )VP )S , '' (VP observed )VP (NP (NP Bob *UNKC )NP , (NP (NP an auto analyst )NP (PP at (NP brokers James Capel & Co )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP An aggressive Ford bid )NP (PP for (NP Jaguar )NP )PP )NP (VP would (VP put (NP pressure )NP (PP on (NP GM )NP )PP (S (VP to (VP make (NP a better offer )NP (PP as (NP (NP the British company 's )NP `` white knight )NP )PP )VP )VP )S )VP )VP . '' )S  STOP
(S (NP Such a *UNK )NP (VP could (VP end (NP (NP (NP Jaguar 's )NP hopes )NP (PP for (S (VP remaining (ADJP independent and *UNKED )ADJP )VP )S )PP )NP )VP )VP . )S  STOP
(S But (NP (NP it )NP )NP (VP is n't (ADJP clear )ADJP (SBAR (WHADVP how long )WHADVP (S (NP GM )NP (VP would (VP be (ADJP willing (S (VP to (VP fight (NP Ford )NP (PP for (NP Jaguar )NP )PP )VP )VP )S )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(SINV (S (PP Because of (NP their longstanding *UNK )NP )PP , (NP GM )NP (ADVP just )ADVP `` (VP wants (S (VP to (VP make (S (ADJP sure )ADJP (SBAR (S (NP Ford )NP (VP pays (NP a huge *UNK )NP (PP for (PRN -LRB- (NP Jaguar )NP -RRB- )PRN )PP )VP )S )SBAR )S )VP )VP )S )VP )S , '' (VP said )VP (NP (NP John Lawson )NP , (NP (NP an auto analyst )NP (PP at (NP (NP London 's )NP Nomura Research Institute )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP People )NP (ADJP close (PP to (NP the *UNKC talks )NP )PP )ADJP )NP (VP agreed (SBAR that (S (NP Ford )NP (ADVP now )ADVP (VP may (VP be (ADJP able (S (VP to (VP shut (PRT out )PRT (NP General Motors )NP )VP )VP )S )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (S (NP It )NP (VP 's either (VP going (S (VP to (VP be (NP a *UNK )NP )VP )VP )S )VP , )VP )S or (S (NP there )NP (ADVP only )ADVP (VP may (VP be (NP one player )NP (PP in (NP town )NP )PP )VP )VP )S )S , '' (NP one person )NP (VP said )VP . )S  STOP
(S (NP (NP Another person )NP (ADJP close (PP to (NP the talks )NP )PP )ADJP )NP (VP said , (SBAR `` (S (NP (NP It )NP )NP (VP is (ADJP very hard )ADJP (S (VP to (VP justify (S (VP paying (NP a *UNKLY price )NP (PP for (NP Jaguar )NP )PP )VP )S )VP )VP )S (SBAR if (S (NP an *UNK- bidding war )NP (VP were (S (VP to (VP start (ADVP now )ADVP )VP )VP )S )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (PP In (NP a statement )NP )PP , (NP (NP Jaguar 's )NP board )NP (VP said (SBAR (S (NP they )NP `` (VP (VP were not (VP *UNKED (PP about (NP the (PRN -LRB- Ridley decision -RRB- )PRN )NP )PP (PP in (NP advance )NP )PP )VP )VP and (VP were (VP surprised (PP at (NP (NP the action )NP (VP taken )VP )NP )PP )VP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP The statement )NP (VP *UNKED (SBAR that (S (NP (NP holders )NP (VP representing (NP (NP 75 % )NP (PP of (NP (NP the shares )NP (VP voting (PP at (NP (NP a special shareholders ' )NP meeting )NP )PP )VP )NP )PP )NP )VP )NP (VP must (VP agree (S (VP to (VP lift (NP the takeover restrictions )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Jaguar officials )NP (PP in (NP the U.S. )NP )PP )NP (VP noted (SBAR that (S (NP Ford )NP , (PP as (NP (NP Jaguar 's )NP largest shareholder )NP )PP , (ADVP now )ADVP (VP has (NP the power (S (VP to (VP call (PP for (NP such a meeting )NP )PP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (NP U.S. auto analysts )NP (ADVP also )ADVP (VP noted (SBAR that (S (NP Ford )NP (VP is (PP in (NP (NP the best position )NP (SBAR (S (VP to (VP benefit (PP from (NP (NP the large number )NP (PP of (NP (NP Jaguar shares )NP (SBAR (WHNP that )WHNP (S (VP have (VP moved (PP over (NP the past month )NP )PP (PP into (NP (NP the hands )NP (PP of (NP (NP *UNK )NP (VP waiting (PP for (NP the highest takeover bid )NP )PP )VP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP Jaguar 's )NP own *UNK )NP (PP against (NP a hostile bid )NP )PP )NP (VP are (VP weakened (PRN , (S (NP analysts )NP (VP add )VP )S , )PRN (SBAR because (S (NP (NP (QP fewer than 3 )QP % )NP (PP of (NP its shares )NP )PP )NP (VP are (VP owned (PP by (NP employees and management )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Ford officials )NP (PP in (NP the U.S. )NP )PP )NP (VP declined (S (VP to (VP comment (PP (PP on (NP (NP the British government 's )NP action )NP )PP or (PP on (NP any plans (S (VP to (VP call (NP a special Jaguar shareholders meeting )NP )VP )VP )S )NP )PP )PP )VP )VP )S )VP . )S  STOP
(S But (NP GM officials )NP (VP said (SBAR (S (NP they )NP , (ADVP too )ADVP , (VP were (VP surprised (PP by (NP (NP the move )NP , (SBAR (WHNP which )WHNP (S (VP left (S (NP them )NP (VP to `` (VP (VP consider (NP all our options )NP )VP and (VP explore (NP matters )NP (ADVP further )ADVP )VP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (SBAR Although (S (NP GM )NP (VP has (NP U.S. approval (S (VP to (VP buy (NP (NP (QP up to 15 )QP % )NP (PP of (NP (NP Jaguar 's )NP stock )NP )PP )NP )VP )VP )S )NP )VP )S )SBAR , (NP it )NP (VP has n't (ADVP yet )ADVP (VP disclosed (SBAR (WHNP (WHADVP how many )WHADVP shares )WHNP (S (NP it )NP (ADVP now )ADVP (VP owns )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP a prepared statement )NP )PP , (NP GM )NP (VP suggested (SBAR (S (NP (NP its plans )NP (PP for (NP Jaguar )NP )PP )NP (VP would (VP be (ADJP (ADJP more valuable )ADJP )ADJP (PP in (NP the long run )NP )PP (PP than (NP (NP the initial *UNK )NP (SBAR (S (NP investors )NP (VP might (VP *UNK (PP from (NP a hostile Ford bid )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (NP (NP Our *UNK discussions )NP (PP with (NP Jaguar )NP )PP , (PP at (NP their *UNK )NP )PP )NP (PRN , '' (S (NP GM )NP (VP said )VP )S , )PRN `` (VP have (PP as (NP their objectives )NP )PP (S (VP (VP to (VP create (NP (NP a *UNK business relationship )NP (PP with (NP Jaguar )NP )PP (SBAR (WHNP that )WHNP (S (VP would (VP provide (PP for (NP (NP the continued independence )NP (PP of (NP this great British car company )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP , (VP to (VP ensure (NP (NP a secure future )NP (PP for (NP its employees )NP )PP )NP )VP )VP and (VP to (VP provide (NP an attractive long-term return )NP (PP for (NP its shareholders )NP )PP )VP )VP )VP )S )VP . '' )S  STOP
(S (NP Jaguar )NP (VP was (VP *UNKED (PP by (NP (NP Mr. Ridley 's )NP decision )NP , (SBAR because (S (NP management )NP (VP had (VP believed (SBAR (S (NP the government )NP (VP would n't (VP lift (NP the golden share )NP (PP without (S (VP consulting (NP the company )NP (ADVP first )ADVP )VP )S )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )PP )VP )VP . )S  STOP
(S (ADVP Indeed )ADVP , (NP the government )NP (VP is (VP taking (NP a calculated risk )NP )VP )VP . )S  STOP
(S (NP (NP Mr. Ridley 's )NP announcement )NP (VP set (PRT off )PRT (NP (NP a *UNK )NP (PP of (NP (NP protests )NP (PP from (NP (NP (NP members )NP (PP of (NP the opposition Labor Party )NP )PP )NP , (SBAR (WHNP who )WHNP (S (VP accused (NP the Thatcher administration )NP (PP of (S (VP backing (ADVP down (PP on (NP (NP promised protection )NP (PP for (NP a *UNKED company )NP )PP )NP )PP )ADVP )VP )S )PP )VP )S )SBAR )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The British government )NP (VP retained (NP the single golden share )NP (PP after (S (VP selling (NP (NP its stake )NP (PP in (NP Jaguar )NP )PP )NP (FRAG (PP in )PP )FRAG )VP )S )PP )VP )S  STOP
(S (NP (NP The *UNKC government 's )NP decision )NP (VP may (VP reflect (NP its desire (S (VP to (VP shed (NP a (ADJP politically sensitive )ADJP issue )NP (PP (ADVP well )ADVP before (NP (NP the next election )NP , (VP expected (PP in (NP late 1991 )NP )PP )VP )NP )PP )VP )VP )S )NP )VP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's (ADVP now )ADVP (NP (NP a (ADJP very good )ADJP time )NP (ADVP politically )ADVP (SBAR (S (VP to (VP get (S (NP this )NP (ADVP (ADVP over )ADVP and (ADVP done (PP with )PP )ADVP )ADVP )S )VP )VP )S )SBAR )NP )VP )S , '' (VP observed )VP (NP (NP Daniel Jones )NP , (NP (NP professor )NP (PP of (NP motor industry management )NP )PP (PP at (NP (NP (NP the University )NP (PP of (NP *UNKC )NP )PP )NP (PP in (NP *UNKC )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP The government )NP , (VP (ADVP already )ADVP *UNKED (PP by (NP (NP high interest rates )NP and (NP a slowing economy )NP )NP )PP )VP , )NP (VP has (VP been (VP (ADVP badly )ADVP hurt (PP by (NP (NP (NP last week 's )NP *UNK- )NP (PP in (NP (NP Mrs. Thatcher 's )NP *UNK )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (PP At (NP the same time )NP )PP , (NP the government )NP (VP did n't (VP want (S (VP to (VP appear (S (VP to (VP favor (NP GM )NP )VP )VP )S (PP by (S (VP allowing (NP (NP a minority stake )NP (SBAR (WHNP that )WHNP (S (VP might (VP *UNK (NP (NP a full bid )NP (PP by (NP Ford )NP )PP )NP )VP )VP )S )SBAR )NP )VP )S )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP Mr. Ridley )NP (VP *UNKED (PP at (NP this *UNK )NP )PP (PP in (S (VP *UNKING (NP (NP questions )NP (PP from (NP (NP members )NP (PP of (NP Parliament )NP )PP )NP )PP )NP (PP after (NP his announcement )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP he )NP (VP was (VP giving (PRT up )PRT (NP the golden share )NP `` (S (VP to (VP clear (NP the way )NP (SBAR so (S (NP the playing field )NP (VP is (ADJP level )ADJP (PP between (NP all *UNK )NP )PP )VP )S )SBAR )VP )VP )S )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP *UNKC A. *UNKC )NP (PP in (NP Detroit )NP )PP )NP (VP contributed (PP to (NP this article )NP )PP )VP . )S  STOP
(S (NP (NP (NP Dow Chemical Co. )NP , (NP (NP Midland )NP , (NP Mich. )NP )NP )NP , and (NP (NP Eli Lilly & Co. )NP , (NP *UNKC )NP , )NP )NP (VP said (SBAR (S (NP they )NP (VP completed (NP (NP the *UNK )NP (PP of (NP (NP Dow *UNKC )NP , (NP (NP a joint venture )NP (VP *UNKING (NP (NP their *UNK- businesses )NP (CONJP as well as )CONJP (NP (NP Dow 's )NP industrial *UNK- business )NP )NP )VP )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The companies )NP (VP said (SBAR (S (NP Dow *UNKC )NP (VP will (VP be (NP (NP the largest *UNKED agricultural concern )NP (PP in (NP North America )NP )PP )NP , (PP with (NP (NP projected *UNK- revenue )NP (PP of (NP (QP $ 1.5 billion )QP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Dow )NP (VP will (VP own (NP (NP 60 % )NP (PP of (NP the venture )NP )PP )NP , (PP with (S (NP Eli Lilly )NP (VP holding (NP the rest )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP The venture )NP (VP will (VP be (VP based (PP in (NP *UNKC )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP William A. *UNKC )NP , (ADJP (NP 44 years )NP old )ADJP , (NP (NP president )NP (PP of (NP (NP the El *UNKC *UNKC Gas Co. unit )NP (PP of (NP this energy and *UNK- concern )NP )PP )NP )PP )NP , )NP (VP was (VP named (PP to (NP (NP the additional post )NP (PP of (NP chief executive officer )NP )PP )NP )PP , (S (VP succeeding (NP (NP *UNKC H. *UNKC )NP , (NP 61 )NP , (SBAR (WHNP who )WHNP (S (VP continues (PP as (NP (NP a vice chairman )NP (PP of (NP the parent )NP )PP )NP )PP )VP )S )SBAR )NP )VP )S )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP (NP the *UNK- founder )NP (PP of (NP (NP this maker )NP (PP of (NP data communications products )NP )PP )NP )PP )NP and (NP a former (NX (NX chairman )NX and (NX chief executive )NX )NX )NP )NP , )NP (VP resigned (PP as (NP a director )NP )PP )VP . )S  STOP
(S (NP Dataproducts )NP (VP is (VP fighting (NP (NP a hostile tender offer )NP (PP by (NP (NP DPC Acquisition Partners )NP , (NP (NP a group )NP (VP led (PP by (NP (ADJP New York-based )ADJP *UNKC Investments Associates )NP )PP )VP )NP )NP )PP )NP )VP )VP . )S  STOP
(S (PP Under (NP the circumstances )NP )PP (PRN , (S (NP Dataproducts )NP (VP said )VP )S , )PRN (NP Mr. *UNKC )NP (VP said (SBAR (S (NP he )NP (VP was (ADJP unable (S (VP to (VP *UNK (NP (NP the time )NP (VP required )VP )NP )VP )VP )S )ADJP (PP because of (NP other commitments )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP will (VP remain (PP as (NP a director *UNK )NP )PP )VP )VP . )S  STOP
(S (NP The company )NP (VP had (NP (NP no comment )NP (PP on (SBAR whether (S (NP a replacement )NP (VP would (VP be (VP named )VP )VP )VP )S )SBAR )PP )NP )VP . )S  STOP
(S (NP (NP Robert *UNK *UNKC )NP , (NP (NP (NP president *UNK )NP , (NP (NP University )NP (PP of (NP Florida )NP )PP )NP , )NP and (NP (NP a director )NP (PP of (NP (NP this maker )NP (PP of (NP medical devices )NP )PP )NP )PP )NP )NP , )NP (VP was (VP named (S (NP chairman )NP )S )VP )VP . )S  STOP
(S (NP (NP Dr. *UNKC )NP , (ADJP (NP 66 years )NP old )ADJP , )NP (VP succeeds (NP (NP Alexander T. *UNKC )NP , (NP 72 )NP , (SBAR (WHNP who )WHNP (S (VP did n't (VP stand (PP for (NP *UNK- )NP )PP (ADVP due (PP to (NP mandatory board retirement policy )NP )PP )ADVP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP *UNKC Technologies )NP (VP said (SBAR (S (NP William P. *UNKC )NP (VP was (VP elected (S (NP (NP (NP chairman )NP and (NP chief executive officer )NP )NP (PP of (NP this troubled electronics parts maker )NP )PP )NP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The *UNK- Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP has (NP (NP a background )NP (PP in (NP crisis management )NP )PP )NP )VP )S )SBAR , )NP (VP succeeds (NP (NP Alan D. *UNKC )NP , (NP 45 )NP )NP )VP . )S  STOP
(S (NP (NP *UNKC J. *UNKC )NP , (NP (NP executive vice president )NP and (NP chief financial officer )NP )NP , )NP (VP said (SBAR (S (NP Mr. *UNKC )NP (VP was (VP *UNKING (PP by (NP `` (NP mutual agreement )NP '' (PP with (NP the board )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP He )NP (VP is (VP going (S (VP to (VP pursue (NP other interests )NP )VP )VP )S )VP )VP )S , '' (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP could n't (VP be (VP reached )VP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (PRN , (S (NP the company )NP (VP said )VP )S , )PRN (VP will (VP retain (NP (NP the rest )NP (PP of (NP the current management team )NP )PP )NP )VP )VP . )S  STOP
(S (PP For (NP (NP the nine months )NP (VP ended (NP July 29 )NP )VP )NP )PP , (NP *UNKC Technologies )NP (VP reported (NP (NP a net loss )NP (PP of (NP $ *UNKN )NP )PP (PP on (NP (NP sales )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP That )NP (VP compared (PP with (NP (NP an operating loss )NP (PP of (NP (QP $ 1.9 million )QP )NP )PP (PP on (NP (NP sales )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP (PP in (NP the year-earlier period )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP national over-the-counter trading )NP )PP , (NP *UNKC Technologies shares )NP (VP closed (NP yesterday )NP (PP at (NP (NP *UNKN cents )NP (NP a share )NP )NP )PP , (ADVP up (NP 6.25 cents )NP )ADVP )VP . )S  STOP
(S (S (NP (NP Sales )NP (PP of (NP new cars )NP )PP (PP in (NP Europe )NP )PP )NP (VP fell (NP 4.2 % )NP (PP in (NP September )NP )PP (PP from (ADVP (NP a year )NP earlier )ADVP )PP )VP )S and (S (NP analysts )NP (VP say (SBAR (S (NP the market )NP (VP could (VP continue (S (VP to (VP *UNK )VP )VP )S (PP in (NP the months ahead )NP )PP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (PP After (NP (NP a *UNKED pace )NP (NP early this year )NP )NP )PP , (NP analysts )NP (VP say (SBAR (S (NP the market )NP , (PP after (NP (NP a series )NP (PP of (NP sharp swings )NP )PP (PP in (NP recent months )NP )PP )NP )PP , (ADVP now )ADVP (VP shows (NP (NP signs )NP (PP of (NP *UNKING )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Statistics )NP (PP from (NP (NP 12 countries )NP (SBAR (WHNP which )WHNP (S (ADVP normally )ADVP (VP account (PP for (NP (NP *UNK % )NP (PP of (NP (NP *UNK- Europe 's )NP passenger car sales )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP (VP showed (SBAR (S (NP new car *UNK )NP (VP totaled (NP *UNKN )NP (PP in (NP September )NP )PP , (ADVP (ADVP down (NP 21 % )NP (PP from (NP August )NP )PP )ADVP and (ADVP down (NP 4.2 % )NP (PP for (NP (NP the year )NP (PP to (NP date )NP )PP )NP )PP )ADVP )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP Tokyo stocks )NP (VP rebounded (NP Tuesday )NP (PP from (NP two consecutive daily losses )NP )PP (PP in (NP (ADJP relatively active )ADJP dealings )NP )PP )VP . )S  STOP
(S (NP London shares )NP (ADVP also )ADVP (VP rose , (SBAR while (S (NP (NP trading )NP (PP in (NP (NP Frankfurt )NP , (NP West Germany )NP , )NP )PP )NP (VP ended (ADVP higher )ADVP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP Tokyo )NP )PP , (NP (NP the Nikkei index )NP (PP of (NP 225 selected issues )NP )PP )NP (VP was (ADVP up (NP *UNKN points )NP )ADVP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP The index )NP (VP fell (NP *UNKN )NP (NP Monday )NP )VP . )S  STOP
(S (NP (NP Volume )NP (PP on (NP the First Section )NP )PP )NP (VP was (VP estimated (PP at (NP (QP 900 million )QP shares )NP )PP , (ADVP up (PP from (NP (NP (QP *UNKN million )QP shares )NP (NP Monday )NP )NP )PP )ADVP )VP )VP . )S  STOP
(S (NP *UNKING issues )NP (VP *UNKED (NP *UNK )NP (ADVP *UNKN to *UNKN )ADVP , (SBAR while (S (NP *UNKN issues )NP (VP were (ADJP unchanged )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC buying )NP (VP targeted (PP at (NP *UNKED issues )NP )PP )VP )NP (VP pushed (ADVP up )ADVP (NP the Nikkei )NP )VP . )S  STOP
(S But (NP other sectors )NP (VP (VP failed (S (VP to (VP attract (NP investor interest )NP )VP )VP )S )VP and (VP remained (ADJP sluggish )ADJP )VP , (S (VP making (S (NP overall trading )NP (VP appear (ADJP mixed )ADJP )VP )S )VP )S )VP . )S  STOP
(S (NP (NP *UNKC and corporations )NP , (CONJP as well as )CONJP (NP (NP dealers )NP (VP trading (PP for (NP their own account )NP )PP )VP )NP , )NP (VP (ADVP actively )ADVP bought (NP Tuesday )NP )VP . )S  STOP
(S (NP (NP An official )NP (PP at (NP *UNKC Securities )NP )PP )NP (VP said (SBAR (S (NP these investors )NP (VP feel (NP the need (S (VP to (VP make (NP quick profits )NP )VP )VP )S )NP , (PP despite (NP (NP *UNKING *UNK factors )NP , (PP such as (NP (NP political uncertainty )NP (VP tied (PP to (NP (NP (NP the ruling party 's )NP *UNK )NP (PP at (NP (NP (NP next year 's )NP *UNKC House elections )NP - (NP (NP an event )NP (SBAR (WHNP which )WHNP (S (VP could (VP (ADVP directly )ADVP affect (NP the stock market )NP )VP )VP )S )SBAR )NP )NP )PP )NP )PP )VP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The Tokyo Stock Price Index )NP (PP of (NP (NP all issues )NP (VP listed (PP in (NP (NP the First Section )NP , (SBAR (WHNP which )WHNP (S (VP declined (NP *UNKN )NP (PP on (NP Monday )NP )PP )VP )S )SBAR , )NP )PP )VP )NP )PP )NP (VP was (ADVP up (NP (NP *UNKN )NP , or (NP *UNKN % )NP , )NP )ADVP (PP at (NP *UNKN )NP )PP (PP on (NP Tuesday )NP )PP )VP . )S  STOP
(S (NP (NP The Second Section index )NP , (SBAR (WHNP which )WHNP (S (VP fell (NP *UNKN points )NP (NP Monday )NP )VP )S )SBAR , )NP (VP was (ADVP up (NP (NP *UNKN points )NP , or (NP *UNKN % )NP , )NP )ADVP (S (VP to (VP close (PP at (NP *UNKN )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Second Section volume )NP (VP was (VP estimated (PP at (NP (QP 14 million )QP shares )NP )PP , (S (ADJP unchanged (PP from (NP Monday )NP )PP )ADJP )S )VP )VP . )S  STOP
(S (NP *UNKC investors )NP (ADVP mostly )ADVP (VP remained (PP on (NP the *UNK )NP )PP (NP Tuesday )NP )VP . )S  STOP
(S (NP (NP A fund manager )NP (PP at (NP a *UNK- company )NP )PP )NP (VP said (SBAR (S (NP three factors )NP (VP make (S (NP (NP it )NP )NP (ADJP difficult )ADJP (S (VP to (VP read (NP market direction )NP )VP )VP )S )S )VP )S )SBAR )VP . )S  STOP
(S (ADVP First )ADVP (PRN , (S (NP he )NP (VP said )VP )S , )PRN (NP domestic interest rates )NP (VP are (ADJP likely (S (VP to (VP stay (PP at (NP higher levels )NP )PP )VP )VP )S )ADJP (SBAR as (S (NP (NP increased anticipation )NP (PP of (NP inflation )NP )PP )NP (VP followed (NP (NP rising consumer prices )NP (VP reported (NP last week )NP )VP )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Second )ADVP , (NP the dollar )NP (VP is (VP showing (NP *UNK strength )NP (PP despite (NP (NP a slowdown )NP (PP in (NP the U.S. economy )NP )PP (VP shown (PP by (NP economic indicators )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (ADVP Third )ADVP , (NP oil prices )NP (VP have n't (VP declined (SBAR although (S (NP supply )NP (VP has (VP been (VP increasing )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP The topic )NP (SBAR (WHNP that )WHNP (S (VP attracted (NP (NP participants ' )NP attention )NP )VP )S )SBAR )NP (VP was (NP (NP (NP Mitsubishi Estate 's )NP purchase )NP (PP of (NP (NP 51 % )NP (PP of (NP Rockefeller Center *UNKC )NP )PP )NP )PP , (VP announced (NP late Monday )NP (PP in (NP New York )NP )PP )VP )NP )VP . )S  STOP
(S (NP Mitsubishi Estate )NP (VP ended (NP the day )NP (PP at (NP *UNKN )NP )PP , (ADVP up (NP 150 )NP )ADVP )VP . )S  STOP
(S (S (NP The gains )NP (ADVP also )ADVP (VP sparked (NP (NP buying interest )NP (PP in (NP other real-estate companies )NP )PP )NP )VP )S , (NP traders )NP (VP said )VP . )S  STOP
(S (NP *UNKC Realty & Development )NP (VP rose (NP 40 )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP *UNKC Real Estate )NP (VP gained (NP 40 )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (S (NP Investor focus )NP (VP *UNKED (ADVP quickly )ADVP )VP )S , (NP traders )NP (VP said )VP . )S  STOP
(S (NP (NP Many )NP (PP of (NP the *UNK- winners )NP )PP )NP (VP turned (PRT out )PRT (S (VP to (VP be (NP losers )NP )VP )VP )S (PP by (NP afternoon )NP )PP )VP . )S  STOP
(S (PP In (NP other stock-market news )NP )PP , (NP the Tokyo Stock Exchange )NP (VP said (SBAR that (S (PP for (NP (NP the week )NP (VP ended (NP Friday )NP )VP )NP )PP , (NP (NP the balance )NP (PP of (NP margin buying )NP )PP )NP (VP rose (NP (NP (QP *UNKN billion )QP yen )NP (PRN -LRB- (NP (QP $ *UNKN billion )QP )NP -RRB- )PRN )NP , (PP to (NP (NP (QP *UNKN trillion )QP yen )NP (PRN -LRB- (NP (QP $ *UNKN billion )QP )NP -RRB- )PRN )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The balance )NP (PP of (NP (NP short positions )NP (ADJP outstanding )ADJP )NP )PP )NP (VP fell (NP (QP *UNKN billion )QP yen )NP , (PP to (NP (QP *UNKN billion )QP yen )NP )PP )VP . )S  STOP
(S (PP In (NP London )NP )PP , (NP prices )NP (VP finished (PP at (NP *UNK *UNK )NP )PP , (S (VP *UNKED (PP by (NP (NP (NP a *UNKING early performance )NP (PP on (NP Wall Street )NP )PP )NP and (NP news (SBAR that (S (NP the British government )NP (VP will (VP *UNK (NP (NP its `` golden share '' )NP (PP in (NP auto maker Jaguar )NP )PP )NP )VP )VP )S )SBAR )NP )NP )PP )VP )S )VP . )S  STOP
(S But (NP trading )NP (VP was (ADJP very *UNK )ADJP , (SBAR as (S (NP investment decision makers )NP (VP remain (ADJP wary )ADJP (PP from (NP (NP gyrations and *UNK )NP (PP of (NP recent weeks )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP Volume )NP (VP has (VP been (ADJP *UNKING )ADJP )VP )VP )S , '' (VP said )VP (NP (NP a dealer )NP (PP at (NP a British brokerage concern )NP )PP )NP . )SINV  STOP
(S `` (NP The market )NP (VP was (VP *UNKED (ADVP up )ADVP (PP by (NP (NP the *UNK )NP (PP of (NP its neck )NP )PP )NP )PP (PP (PP by (NP Wall Street )NP )PP and (PP by (NP (NP market makers )NP (VP getting (VP caught (S (ADJP short )ADJP )S )VP )VP )NP )PP )PP )VP )VP . )S  STOP
(S (NP No one )NP (VP wants (S (NP stock )NP (PP on (NP their books )NP )PP )S )VP . '' )S  STOP
(S (ADVP Meanwhile )ADVP , (NP the *UNKED Financial Times 100-share index )NP (VP added (NP *UNKN points )NP (S (VP to (VP end (PP at (NP *UNKN )NP )PP )VP )VP )S , (SBAR while (S (VP reaching (NP (NP its minimum )NP (PP of (NP *UNKN )NP )PP )NP )VP (NP (NP a half hour )NP (PP into (NP the session )NP )PP )NP )S )SBAR )VP . )S  STOP
(S (PP At (NP the close )NP )PP , (NP the *UNK *UNK- index )NP (VP was (ADVP up (NP *UNKN points )NP )ADVP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP Volume )NP (VP totaled (NP a modest (QP *UNKN million )QP shares )NP , (ADVP up (PP from (NP (NP (QP *UNKN million )QP shares )NP (NP Monday )NP )NP )PP )ADVP )VP . )S  STOP
(S (NP The market )NP (ADVP also )ADVP (VP moved (PP at (NP early afternoon )NP )PP (PP on (NP news (SBAR that (S (NP Jaguar shares )NP (VP were (VP being (ADVP temporarily )ADVP (VP suspended (PP at (NP (NP (NP *UNKN pence )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN )NP (NP each )NP )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NAC (NP Secretary )NP (PP of (NP State )NP )PP (PP for (NP Trade and Industry )NP )PP )NAC Nicholas Ridley )NP (VP said (ADVP later (PP in (NP the day )NP )PP )ADVP (SBAR that (S (NP the government )NP (VP would (VP *UNK (NP (NP its golden share )NP (PP in (NP (NP Jaguar )NP , (NP (NP the luxury auto maker )NP (VP being (VP *UNKED (PP by (NP (NP General Motors )NP and (NP Ford Motor )NP )NP )PP )VP )VP )NP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The golden share )NP (VP (VP *UNK (PP from (NP (NP (NP Jaguar 's )NP public offering )NP (PP in (NP 1984 )NP )PP )NP )PP )VP and (VP was (VP designed (S (VP to (VP protect (NP the company )NP (PP from (NP takeover )NP )PP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP The golden share )NP (VP was (VP scheduled (S (VP to (VP expire (PP at (NP (NP the beginning )NP (FRAG (PP of )PP )FRAG )NP )PP )VP )VP )S )VP )VP )S  STOP
(S But (SBAR although (S (NP the golden share )NP (VP has (VP been (VP *UNKED )VP )VP )VP )S )SBAR , (NP (NP a hostile bidder )NP (PP for (NP Jaguar )NP )PP )NP (VP would (ADVP still )ADVP (VP have (S (VP to (VP alter (NP (NP (NP the British concern 's )NP articles )NP (PP of (NP association )NP )PP (SBAR (WHNP which )WHNP (S (VP ban (NP (NP *UNK )NP (PP of (NP (QP more than 15 )QP % )NP )PP )NP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Jaguar shares )NP (VP closed (PP at (NP *UNKN pence )NP )PP , (ADVP up (NP *UNKN pence )NP )ADVP , (PP on (NP (NP hefty turnover )NP (PP of (NP (QP *UNKN million )QP shares )NP )PP )NP )PP )VP . )S  STOP
(S (SBAR As (S (NP the London trading session )NP (VP drew (PP to (NP a close )NP )PP )VP )S )SBAR , (NP the market )NP (VP was (ADVP still )ADVP (VP listening (PP to (NP (NP the *UNK debate )NP (PP on (NP the economy )NP )PP )NP )PP , (SBAR with (S (NP new (NAC Chancellor (PP of (NP the Exchequer )NP )PP )NAC John Major )NP (VP expected (S (VP to (VP *UNK (NP (NP his approach )NP (PP to (NP (NP the British economy )NP and (NP currency issues )NP )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (PP On (NP the Frankfurt Stock Exchange )NP )PP , (NP share prices )NP (VP closed (ADVP higher )ADVP (PP in (NP (ADJP fairly thin )ADJP trading )NP )PP , (SBAR as (S (NP (NP *UNK buying )NP (PP by (NP foreigners )NP )PP )NP (VP helped (S (VP *UNK (NP prices )NP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNKC index )NP (VP closed (PP at (NP *UNKN )NP )PP , (ADVP up (PP from (NP *UNKN )NP )PP )ADVP )VP . )S  STOP
(S (PP Despite (NP the modest gains )NP )PP , (NP traders )NP (VP said (SBAR (S (NP the market )NP (VP remains (ADJP *UNK )ADJP , (PP with (S (NP investors )NP (VP remaining (ADVP *UNKLY )ADVP (PP on (NP the sidelines )NP )PP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(SINV (VP *UNKING (PP to (NP (NP the market 's )NP *UNKED stance )NP )PP )VP (VP was )VP (NP (NP the release )NP (ADVP later (PP in (NP the day )NP )PP )ADVP (PP of (NP (NP new data )NP (PP on (NP (NP the health )NP (PP of (NP the U.S. economy )NP )PP )NP )PP , (PP in (NP (NP the form )NP (PP of (NP (NP the U.S. index )NP (PP of (NP leading indicators )NP )PP )NP )PP )NP )PP )NP )PP )NP . )SINV  STOP
(S (S (ADVP *UNKLY )ADVP , (NP the (NAC end (PP of (NP the month )NP )PP )NAC *UNKING )NP (VP might (VP have (ADVP also )ADVP (VP played (NP a minor role )NP )VP )VP )VP )S , (NP traders )NP (VP said )VP . )S  STOP
(S (ADVP Elsewhere )ADVP , (NP share prices )NP (VP closed (ADVP higher )ADVP (PP in (NP *UNKC , Brussels , Milan and Paris )NP )PP )VP . )S  STOP
(S (NP Prices )NP (VP (VP were (ADJP mixed )ADJP (PP in (NP Zurich )NP )PP )VP and (VP (ADJP lower )ADJP (PP in (NP Stockholm )NP )PP )VP )VP . )S  STOP
(S (NP Stocks )NP (VP (VP closed (ADVP higher )ADVP (PP in (NP (NP Hong Kong )NP , (NP Manila )NP , (NP Singapore )NP , (NP Sydney )NP and (NP Wellington )NP )NP )PP )VP , but (VP were (ADVP lower )ADVP (PP in (NP Seoul )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP was (VP closed (PP for (NP a holiday )NP )PP )VP )VP . )S  STOP
(SINV (ADVP Here )ADVP (VP are )VP (NP (NP price trends )NP (PP on (NP (NP the world 's )NP major stock markets )NP )PP , (SBAR as (S (VP calculated (PP by (NP (NP Morgan Stanley Capital International *UNKC )NP , (NP Geneva )NP )NP )PP )VP )S )SBAR )NP . )SINV  STOP
(S (S (VP To (VP make (S (NP them )NP (ADJP directly comparable )ADJP )S )VP )VP )S , (NP each index )NP (VP is (VP based (PP on (S (NP (NP the close )NP (PP of (NP 1969 )NP )PP )NP (VP equaling (NP 100 )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP The percentage change )NP (VP is (PP since (NP year-end )NP )PP )VP . )S  STOP
(S (NP French consumer prices )NP (VP (VP rose (NP 0.2 % )NP (PP in (NP September )NP )PP (PP from (NP the previous month )NP )PP )VP and (VP were (ADVP up (NP 3.4 % )NP (PP from (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )VP , (PP according (PP to (NP (NP definitive figures )NP (PP from (NP the National Statistics Institute )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP (NP The state agency 's )NP figures )NP (VP (VP confirm (NP previous estimates )NP )VP and (VP leave (NP the index )NP (PP at (NP *UNKN )NP )PP , (ADVP up (PP from (NP (NP (NP *UNKN )NP (PP in (NP August )NP )PP )NP and (NP (NP *UNKN )NP (ADVP (NP a year )NP earlier )ADVP )NP )NP )PP )ADVP )VP )VP . )S  STOP
(S (NP The index )NP (VP is (VP based (PP on (S (NP 1980 )NP (VP equaling (NP 100 )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP A *UNK )NP (VP showed (SBAR that (S (NP food prices )NP (VP were (NP (NP the (ADJP most active )ADJP part )NP (PP of (NP growth )NP )PP )NP )VP (PP with (NP (NP a rise )NP (PP of (NP *UNKN % )NP )PP )NP )PP )S )SBAR )VP . )S  STOP
(S (NP An official )NP (VP linked (NP the gain )NP (PP (ADVP essentially )ADVP to (NP (NP higher prices )NP (PP for (NP beef and *UNK )NP )PP )NP )PP )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP (NP summer *UNK problems )NP (SBAR (WHNP that )WHNP (S (VP had (VP hit (NP several southern agricultural regions )NP )VP )VP )S )SBAR )NP (VP had (VP stopped (S (VP being (NP (NP a major source )NP (PP of (NP price pressure )NP )PP )NP )VP )S (PP in (NP September )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP (NP Japan 's )NP index )NP (PP of (NP leading indicators )NP )PP )NP (VP rose (PP to (NP (NP *UNKN )NP )NP )PP (PP in (NP August )NP )PP , (PP above (NP (NP the so-called *UNK- line )NP (PP of (NP 50 )NP )PP )NP )PP (PP for (NP (NP the first time )NP (PP since (NP May )NP )PP )NP )PP )VP )S , (NP the Economic *UNKING Agency )NP (VP said )VP . )S  STOP
(S (NP The leading index )NP (VP recovered (PP from (NP (NP (NP July 's )NP revised level )NP (PP of (NP *UNKN )NP )PP )NP )PP (PP on (NP (NP strong *UNK )NP (PP in (NP (NP (NP consumer *UNK )NP and (NP machinery orders )NP )NP , (PP among (NP other factors )NP )PP , )NP )PP )NP )PP (PP according (PP to (NP an agency spokeswoman )NP )PP )PP )VP . )S  STOP
(S (NP The index )NP (VP is (VP intended (S (VP to (VP measure (NP future economic performance )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP (NP A figure )NP (PP above (NP 50 )NP )PP )NP (VP indicates (SBAR (S (NP the economy )NP (VP is (ADJP likely (S (VP to (VP expand )VP )VP )S )ADJP )VP )S )SBAR )VP )S ; (S (NP (NP one )NP (PP below (NP 50 )NP )PP )NP (VP indicates (SBAR (S (NP a *UNK )NP (VP may (VP be (ADVP ahead )ADVP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP *UNKC Co. )NP (VP said (SBAR (S (NP its *UNKC *UNKC *UNKC unit )NP (VP has (VP been (VP *UNKED (S (NP *UNKC Long *UNKC )NP )S , (S (VP reflecting (NP (NP acquisitions )NP (PP from (NP (NP ITT Corp. )NP , (SBAR (WHNP which )WHNP (S (VP licenses (NP its name )NP (PP to (NP (ADJP closely held )ADJP *UNKC )NP )PP )VP )S )SBAR )NP )PP )NP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP its unit )NP (VP is (NP (NP the *UNK- provider )NP (PP of (NP long-distance communications service )NP )PP (PP in (NP the U.S. )NP )PP )NP , (PP with (NP (NP projected 1989 revenue )NP (PP of (NP (QP more than $ *UNKN million )QP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Metromedia )NP , (VP headed (PP by (NP John W. *UNKC )NP )PP )VP , )NP (VP has (NP (NP interests )NP (PP in (NP (NP telecommunications )NP , (NP *UNK painting )NP , (NP computer software )NP , (NP restaurants )NP and (NP entertainment )NP )NP )PP )NP )VP . )S  STOP
(S (NP South Korean consumer prices )NP (VP rose (NP 5 % )NP (PP in (NP (NP the first 10 months )NP (PP of (NP this year )NP )PP )NP )PP , (S (VP matching (NP (NP (NP the government 's )NP target )NP (PP for (NP the entire year )NP )PP )NP )VP )S , (PP according (PP to (NP (NP (NP the Bank )NP (PP of (NP Korea )NP )PP )NP and (NP the Economic *UNKING Board )NP )NP )PP )PP )VP . )S  STOP
(S (PP According (PP to (NP (NP reports )NP (VP released (PP by (NP the two government agencies )NP )PP )VP )NP )PP )PP , (NP (NP domestic (UCP consumer and wholesale )UCP prices )NP )NP each (VP rose (PP by (NP 0.2 % )NP )PP (PP in (NP October )NP )PP (PP from (NP the previous month )NP )PP )VP . )S  STOP
(S (PP As (NP a result )NP )PP , (S (NP (NP consumer prices )NP (PP for (NP (NP the first 10 months )NP (PP of (NP 1989 )NP )PP )NP )PP )NP (VP surged (PP by (NP 5 % )NP )PP )VP )S and (S (NP wholesale prices )NP (PP by (NP 1.3 % )NP )PP )S . )S  STOP
(S (NP The South Korean government )NP (VP had (VP been (VP *UNKING (NP (NP a (ADJP 5 % )ADJP consumer price increase )NP (PP for (NP the entire year )NP )PP )NP )VP )VP )VP . )S  STOP
(S (NP Martin *UNKC Corp. )NP (VP said (SBAR (S (NP it )NP (VP won (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP contract )NP )NP (PP from (NP the U.S. *UNKC Service )NP )PP (SBAR (S (VP to (VP manufacture and *UNK (NP *UNKED *UNKING machines )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP Under (NP (NP terms )NP (PP of (NP the three-year contract )NP )PP )NP )PP , (NP Martin *UNKC )NP (VP said (SBAR (S (NP it )NP (VP will (VP make and *UNK (NP (NP *UNKN )NP (PP of (NP (NP the new machines )NP (PP at (NP *UNKN *UNK offices )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The new machines )NP (VP are (ADJP capable (PP of (S (VP *UNKING (PP by (NP *UNK code )NP )PP (NP (NP (QP up to 10,000 )QP large flat mail pieces )NP , (PP including (NP magazines and *UNK )NP )PP , (NP an hour )NP )NP )VP )S )PP )ADJP )VP . )S  STOP
(S (NP (NP Thomas A. *UNKC )NP , (ADJP (NP 37 years )NP old )ADJP , (NP (NP formerly vice president )NP , (NP West Coast operations )NP , (PP at (NP this *UNK- *UNK concern )NP )PP )NP , )NP (VP was (VP named (S (NP (NP (NP (NP executive vice president )NP and (NP chief operating officer )NP )NP , (NP both (ADJP newly created )ADJP posts )NP , )NP and (NP (NP a director )NP (PRN , (S (VP filling (NP a *UNK )NP )VP )S )PRN )NP )NP )S )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP anticipates (S (VP *UNKING (S (NP Mr. *UNKC )NP (VP to (VP succeed (NP (NP Richard F. *UNKC )NP , (NP 55 )NP , )NP (PP as (NP (NP president )NP and (NP chief executive officer )NP )NP )PP , (ADJP effective (NP March 1 )NP )ADJP )VP )VP )S )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP (VP will (VP remain (NP a *UNKC board member )NP )VP )VP and (VP will (VP be (NP (NP a consultant )NP (PP to (NP the company )NP )PP )NP )VP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP on (NP (NP *UNK- certificates )NP (PP of (NP deposit )NP )PP )NP )PP )NP (VP dropped (ADVP slightly )ADVP (PP in (NP (NP the week )NP (VP ended (NP yesterday )NP )VP )NP )PP )VP . )S  STOP
(S (NP (NP The average yield )NP (PP on (NP (NP a six-month CD )NP (PP of (NP $ 50,000 (QP or less )QP )NP )PP )NP )PP )NP (VP was (NP 7.90 % )NP , (PP compared (PP with (NP (NP *UNKN % )NP (ADVP (NP a week )NP earlier )ADVP )NP )PP )PP )VP . )S  STOP
(S (NP The average one-year *UNK- CD )NP (VP was (ADVP down (PP to (NP *UNKN % )NP )PP (PP from (NP *UNKN % )NP )PP )ADVP , (PP according (PP to (NP (NP Banxquote Money Markets )NP , (NP (NP a New York information service )NP (SBAR (WHNP that )WHNP (S (VP tracks (NP CD yields )NP )VP )S )SBAR )NP )NP )PP )PP )VP . )S  STOP
(SINV `` (S (NP This week )NP (VP was (ADJP *UNK )ADJP (PP for (NP the CD market )NP )PP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP chairman )NP (PP of (NP Banxquote )NP )PP )NP )NP . )SINV  STOP
(S `` (NP The major banks )NP (VP have n't (ADVP even )ADVP (VP reacted (PP to (NP (NP sharp rises )NP (PP in (NP the three-month Treasury bill rates )NP )PP '' (PP in (NP the past two weeks )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP Banks )NP (SBAR (WHNP that )WHNP (S (VP adjusted (NP (NP *UNK )NP (PP on (NP CDs )NP )PP )NP (PP in (NP the (ADJP most recent )ADJP week )NP )PP )VP )S )SBAR )NP (VP made (NP only *UNK moves )NP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (NP The CD trend )NP (VP runs (S (ADVP counter (PP to (NP (NP the direction )NP (PP of (NP short-term interest rates )NP )PP (PP at (NP (NP the Treasury bill auction )NP (NP Monday )NP )NP )PP )NP )PP )ADVP )S )VP . )S  STOP
(S (NP The average six-month bill )NP (VP was (VP sold (PP with (NP (NP a yield )NP (PP of (NP (NP *UNKN % )NP , (ADVP up (PP from (NP 7.90 % )NP )PP )ADVP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The average three-month issue )NP (VP rose (PP to (NP *UNKN % )NP )PP (PP from (NP *UNKN % )NP )PP )VP . )S  STOP
(S (S (ADVP *UNKLY )ADVP , (NP banks )NP (VP offer (NP (NP CD yields )NP (ADJP (ADJP higher )ADJP (PP than (NP (NP those )NP (PP on (NP (NP Treasury bills )NP , (SBAR (WHNP which )WHNP (S (VP are (VP considered (S (NP the *UNK short-term investments )NP )S )VP )VP )S )SBAR )NP )PP )NP )PP )ADJP )NP )VP )S ; (S (NP banks )NP (VP need (NP a competitive edge )NP (S (VP to (VP sell (NP their products )NP )VP )VP )S )VP )S . )S  STOP
(S But (SBAR (WHADVP when )WHADVP (S (NP market interest rates )NP (VP move (ADVP up )ADVP (ADVP rapidly )ADVP )VP )S )SBAR , (NP (NP increases )NP (PP in (NP bank CD yields )NP )PP )NP (ADVP sometimes )ADVP (VP *UNK )VP . )S  STOP
(S (NP (NP Most yields )NP (PP on (NP (NP short-term *UNK CDs )NP , (NP (NP those )NP (PP with (NP (NP *UNK )NP (PP over (NP $ *UNKN )NP )PP )NP )PP )NP )NP )PP )NP , (ADVP also )ADVP (VP moved (PP in (NP (NP the opposite direction )NP (PP of (NP Treasury bill yields )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP (NP The average six-month yield )NP (PP on (NP a *UNK CD )NP )PP )NP (VP was (PP at (NP 7.90 % )NP )PP , (ADVP down (PP from (NP *UNKN % )NP )PP )ADVP , )VP )S (NP Banxquote )NP (VP said )VP . )S  STOP
(S (PP For (NP *UNK- CDs )NP )PP , (NP yields )NP (VP were (ADVP up )ADVP )VP . )S  STOP
(S (NP The average (ADJP two-year and five-year )ADJP *UNK )NP (VP were (ADVP up (NP (NP *UNKN )NP (PP of (NP a percentage point )NP )PP )NP )ADVP (PP to (NP (NP (NP *UNKN % )NP and (NP *UNKN % )NP )NP , (ADVP respectively )ADVP )NP )PP )VP . )S  STOP
(S (ADVP However )ADVP , (NP (NP CDs )NP (VP sold (PP through (NP major *UNK- networks )NP )PP )VP )NP (VP were (ADVP up )ADVP (ADVP slightly )ADVP (PP almost across (NP the board )NP )PP )VP . )S  STOP
(S (NP (NP The average six-month CD )NP (PP in (NP that category )NP )PP )NP (VP added (NP *UNKN percentage point )NP (PP to (NP *UNKN % )NP )PP , (PP for (NP example )NP )PP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP attributed (NP the rise )NP (PP (ADVP specifically )ADVP to (NP the Treasury bill increase )NP )PP )VP . )S  STOP
(S (PP Among (NP (NP the major banks )NP (VP surveyed (PP by (NP Banxquote )NP )PP (PP in (NP (NP six regions )NP (PP of (NP the country )NP )PP )NP )PP )VP )NP )PP , (NP *UNKN % )NP (VP is (NP (NP the highest yield )NP (ADJP available )ADJP )NP )VP . )S  STOP
(S (NP It )NP (VP is (VP offered (PP by (NP (NP the flagship banks )NP (PP of (NP (NP New York 's )NP Manufacturers Hanover Corp. )NP )PP )NP )PP (PP in (NP (NP the one-year maturity )NP (ADVP only )ADVP )NP )PP )VP )VP . )S  STOP
(S (NP The yield )NP (VP is (VP offered (PP across (NP (NP a range )NP (PP of (NP maturities )NP )PP )NP )PP (PP at (NP (NP (NP San Francisco 's )NP BankAmerica Corp. )NP and (NP Wells Fargo & Co )NP )NP )PP )VP )VP . )S  STOP
(S (ADVP (NP (QP Just two )QP weeks )NP ago )ADVP , (NP (NP (NP BankAmerica 's )NP yields )NP (PP in (NP (NP many )NP (PP of (NP those maturities )NP )PP )NP )PP )NP (VP was (NP *UNKN % )NP )VP . )S  STOP
(S (ADVP Still )ADVP , (PP on (NP average )NP )PP , (NP the major California banks )NP (VP have (NP (NP the highest yields )NP (PP on (NP CDs )NP )PP )NP , (PP according (PP to (NP Banxquote )NP )PP )PP )VP . )S  STOP
(S (NP (NP The average yield )NP (ADVP there )ADVP (PP on (NP six-month issues )NP )PP )NP (VP is (NP *UNKN % )NP )VP . )S  STOP
(S (NP I )NP (VP had (S (VP to (VP reach (ADVP back )ADVP (PP to (NP French 101 )NP )PP )VP )VP )S (SBAR (WHADVP when )WHADVP (S (NP the (ADJP *UNK *UNK )ADJP *UNK )NP (VP (VP *UNKED (PP over (NP my *UNK )NP )PP (PP during (NP (NP the coffee phase )NP (PP of (NP dinner )NP )PP )NP )PP )VP and (VP asked (SBAR whether (S (NP I )NP (VP wanted (S (VP to (VP ride (PP in (NP a *UNK )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP I )NP (VP was (NP (NP a *UNK- (PRN -LRB- (S (VP read (FRAG (ADJP *UNKING )ADJP )FRAG )VP )S -RRB- )PRN *UNK )NP (PP at (NP a French *UNK *UNK )NP )PP )NP )VP )S and (S (ADVP so far )ADVP (NP the *UNK )NP (VP had (VP been (VP taken (PRT up )PRT (PP (ADVP entirely )ADVP by (NP *UNKING , drinking , smoking , *UNKING and drinking )NP )PP )VP )VP )VP )S . )S  STOP
(S (NP (NP The man )NP (PP with (NP the *UNK )NP )PP )NP (VP represented (NP a *UNKED attempt (S (VP to (VP introduce (NP (NP a bit )NP (PP of (NP *UNK *UNK )NP )PP )NP (PP into (NP our *UNK )NP )PP )VP )VP )S )NP )VP . )S  STOP
(S But (SBAR as (S (NP the French )NP (VP *UNK (NP (NP a *UNKC state )NP (PP of (NP *UNK )NP )PP )NP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP comes (PP to (NP *UNK )NP )PP )VP )S )SBAR )VP )S )SBAR (PRN -LRB- (VP try (S (VP finding (NP a *UNKC machine )NP (PP in (NP Paris )NP )PP )VP )S )VP -RRB- )PRN , (NP my fellow *UNK )NP (VP were (VP having (NP (NP none )NP (PP of (NP it )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP The *UNK )NP (PP at (NP my table )NP )PP )NP (VP (VP (ADVP simply )ADVP *UNK (NP more *UNKC )NP )VP and (VP *UNKED (PP at (NP (NP the *UNK )NP (PP of (S (VP *UNKING (NP a (ADJP perfectly good )ADJP Saturday morning )NP (S (VP to (VP go (NP (NP *UNKING )NP or even (NP (NP *UNKING )NP (PRN -LRB- (NP (NP *UNKING )NP (PP to (NP you )NP )PP )NP ; (S (NP (NP the brothers *UNKC )NP (PRN , (NP French )NP (PP of (NP course )NP )PP , )PRN )NP (VP were (NP (NP the world 's )NP first *UNK- *UNK )NP )VP )S -RRB- )PRN )NP )NP )VP )VP )S )VP )S )PP )NP )PP )VP )VP . )S  STOP
(S (ADVP Back (PP in (NP the *UNKC )NP )PP )ADVP (NP (NP this kind )NP (PP of (NP *UNK- *UNK activity )NP )PP )NP (VP wins (NP (ADJP *UNKLY *UNK )ADJP *UNK )NP )VP . )S  STOP
(FRAG (SBAR As in : `` (SQ (NP You )NP (VP went (NP *UNKING )NP )VP ? ? ! ! )SQ )SBAR )FRAG  STOP
(FRAG (PP In (NP France )NP ? ? ! ! '' )PP )FRAG  STOP
(S (NP Americans )NP (PRN (S (NP it )NP (VP seems )VP )S )PRN (VP have (VP (VP followed (NP (NP Malcolm *UNKC 's )NP *UNK- lead )NP )VP and (VP taken (PP to (NP *UNKING )NP )PP (PP in (NP a *UNK way )NP )PP )VP )VP )VP . )S  STOP
(S (PP During (NP the past 25 years )NP )PP , (NP (NP (NP the number )NP (PP of (NP *UNK )NP )PP )NP (PRN -LRB- (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP have (VP passed (NP a Federal Aviation Authority *UNK- test )NP )VP )VP )S )SBAR )NP -RRB- )PRN )NP (VP have (VP *UNKED (PP from (NP a couple hundred )NP )PP (PP to (NP several thousand )NP )PP , (PP with (S (NP some estimates )NP (VP running (S (ADVP (ADVP as high )ADVP (PP as (NP 10,000 )NP )PP )ADVP )S )VP )S )PP )VP )VP . )S  STOP
(S (NP (QP Some 30 )QP balloon shows )NP (VP are (VP held (ADVP annually )ADVP (PP in (NP the U.S. )NP )PP , (PP including (NP (NP (NP (NP the world 's )NP largest *UNK )NP (PP of (NP *UNK *UNKC *UNKC )NP )PP )NP -- (NP (NP the *UNK- *UNKC International *UNKC *UNKC )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP (NP (QP some 800,000 )QP *UNK )NP and (NP (NP (QP more than 500 )QP *UNK )NP , (SBAR (WHNP (NP some )NP (WHPP of (WHNP which )WHNP )WHPP )WHNP (S (VP are (VP (ADVP *UNKLY )ADVP *UNKED (S (VP to (VP *UNK (NP (NP *UNKC *UNKC )NP , (NP *UNKC )NP or (NP a *UNK- *UNK )NP )NP )VP )VP )S )VP )VP )S )SBAR )NP )NP )VP )S )SBAR )NP )NP )PP )VP )VP . )S  STOP
(S -LRB- (NP The *UNK balloon )NP (VP was (VP denied (NP official entry status )NP )VP )VP (NP this year )NP . -RRB- )S  STOP
(S But (PP in (NP (NP *UNKC )NP , (NP (NP a *UNK *UNK- *UNK town )NP (ADJP *UNK (PP to (NP (NP France 's )NP *UNKC mountain region )NP )PP )ADJP )NP , )NP )PP (NP (NP none )NP (PP of (NP (NP these *UNKLY *UNK )NP (PP for (NP (NP things )NP (ADVP *UNK )ADVP )NP )PP )NP )PP )NP (VP was (ADJP evident )ADJP )VP . )S  STOP
(S (NP (NP *UNKING )NP (PP at (NP (NP the (ADJP de *UNK )ADJP hour )NP (PP of (NP 6 a.m. )NP )PP )NP )PP )NP (VP held (NP (NP all the *UNK )NP )NP (PP for (NP most people )NP )PP (PP of (NP *UNK *UNK- work )NP )PP )VP . )S  STOP
(S (S (VP *UNKING (NP (NP the *UNK )NP (PP of (NP a culture *UNK )NP )PP )NP )VP )S , (NP I )NP (VP (ADVP *UNKLY )ADVP signed (PRT up )PRT )VP . )S  STOP
(S (NP (NP The first thing )NP (SBAR (S (NP anybody )NP (VP will (VP tell (NP you )NP )VP )VP )S )SBAR (PP about (NP *UNKING )NP )PP )NP (VP is (SBAR that (S (NP it )NP (VP requires (NP (NP *UNK )NP (PP in (NP (NP the way )NP (PP of (NP (NP *UNK *UNK )NP , or even (NP (NP a measure )NP (PP of (NP *UNK- )NP )PP )NP )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(PRN -LRB- (ADVP (ADVP So long )ADVP (SBAR as (S (NP you )NP (VP do n't (VP look (ADVP down )ADVP )VP )VP )S )SBAR . )ADVP -RRB- )PRN  STOP
(S (NP They )NP (VP will (ADVP also )ADVP (VP tell (NP you )NP (SBAR that (S (SBAR even if (S (NP you )NP (VP *UNK (NP *UNK )NP )VP )S )SBAR , (NP you )NP (VP can (ADVP still )ADVP (VP balloon )VP )VP )S )SBAR )VP )VP . )S  STOP
(S -LRB- (NP I )NP (ADVP still )ADVP (VP say (S (VP do n't (VP look (ADVP down )ADVP )VP )VP )S )VP . )S  STOP
(FRAG (PP At (ADJP least )ADJP )PP not (SBAR (WHADVP when )WHADVP (S (NP you )NP (VP are (VP *UNKING )VP )VP )S )SBAR . -RRB- )FRAG  STOP
(S (SBAR (WHNP What )WHNP (S (NP they )NP (VP wo n't (VP tell (NP you )NP )VP )VP )S )SBAR (VP is (S not (VP to (VP go (ADVP *UNK )ADVP (PP in (NP (NP anything )NP (SBAR (S (NP you )NP (VP do n't (VP want (S (VP to (VP get (S (ADJP *UNK )ADJP )S )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP I )NP (VP 'm not (VP referring (PP to (NP (NP the traditional *UNK *UNKING )NP (PP during (NP the *UNK- *UNK )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP I )NP (VP 'm (VP talking (PP about (S (VP landing (PP in (NP a *UNK )NP )PP )VP )S )PP )VP )VP . )S  STOP
(FRAG (PP In (NP a *UNK *UNK basket )NP )PP . )FRAG  STOP
(FRAG (PP With (NP (NP a pilot )NP (SBAR (WHNP who )WHNP (S (VP *UNK (NP no English )NP )VP )S )SBAR )NP )PP . )FRAG  STOP
(S (PP To (NP *UNK )NP )PP , (NP (NP my *UNK *UNK )NP (PRN -LRB- and (S (NP *UNK )NP (VP are (VP referred (PP to )PP (PP as (NP *UNK )NP )PP )VP )VP )S -RRB- )PRN )NP (VP (VP began (PP at (NP *UNK )NP )PP (PP on (NP a *UNK- *UNK )NP )PP )VP and (VP ended (PP at (NP *UNK )NP )PP (PP in (NP a *UNK field )NP )PP )VP )VP . )S  STOP
(PRN -LRB- (S (NP *UNKC flights )NP (ADVP almost always )ADVP (VP occur (PP at (NP (NP *UNK or *UNK )NP , (SBAR (WHADVP when )WHADVP (S (NP the *UNK )NP (VP are (ADJP *UNK )ADJP )VP )S )SBAR )NP )PP )VP . )S -RRB- )PRN  STOP
(SINV (PP In (ADVP between )ADVP )PP (VP came )VP (NP (NP (NP lots )NP (PP of (NP (NP coffee drinking )NP (SBAR while (S (VP watching (S (NP the *UNK )NP (VP *UNK )VP )S )VP )S )SBAR )NP )PP )NP and (NP (NP lots )NP (PP of (S (VP standing (ADVP around )ADVP (S (VP deciding (SBAR (WHNP who )WHNP (S (VP would (VP fly (PP (PP in (NP what balloon )NP )PP and (PP in (NP what order )NP )PP )PP )VP )VP )S )SBAR (PRN -LRB- (S (NP the baskets )NP (VP hold (NP (QP no more than four )QP passengers )NP )VP )S -RRB- )PRN )VP )S )VP )S )PP )NP )NP . )SINV  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP it )NP (VP was n't (NP (NP my turn )NP (PP in (NP the balloon )NP )PP )NP )VP )S )SBAR (NP I )NP (VP followed (NP its progress )NP (PP from (NP the `` *UNK car )NP )PP , '' (S (VP listening (SBAR to (S (NP the *UNK )NP (VP *UNK (PP into (NP a *UNK- )NP )PP )VP )S )SBAR )VP )S )VP . )S  STOP
(SINV (PP After (NP (NP long *UNK )NP (PP of (NP this *UNK ground activity )NP )PP )NP )PP (VP came )VP (NP (NP (QP 20 or so )QP *UNKLY minutes )NP (PP of (S (VP *UNKING (PP above (NP the *UNKC )NP )PP (S (VP watching (S (S (NP the silver *UNK )NP (VP rise (PP off (NP the *UNK )NP )PP )VP )S and (S (NP the French *UNK )NP (VP *UNK (PP about (NP the fields )NP )PP )VP )S )S )VP )S )VP )S )PP )NP . )SINV  STOP
(S (NP (NP It )NP )NP (VP 's (ADJP hard )ADJP (S not (VP to (VP feel (SBAR that (S (NP God )NP (VP 's (PP in (NP his *UNK )NP )PP )VP )S )SBAR )VP )VP )S (PP with (NP (NP this kind )NP (PP of (NP (NP *UNK- view )NP (PP of (NP the world )NP )PP )NP )PP )NP )PP , (SBAR even if (S (NP (NP your *UNK )NP (PP in (NP *UNKLY *UNK *UNK )NP )PP )NP (VP kept (VP *UNKING (PRT out )PRT (SBAR (WHADJP how `` (ADJP *UNK )ADJP '' )WHADJP (S (NP it )NP all (VP was )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Eventually )ADVP (NP (NP little French farmers )NP and (NP their little French *UNK )NP )NP (VP (VP came (ADVP out (PP of (NP their *UNK houses )NP )PP )ADVP )VP and (VP put (NP their hands )NP (PP above (NP their tiny eyes )NP )PP )VP and (VP *UNKED (PP at (NP us )NP )PP )VP )VP . )S  STOP
(FRAG (NP No wonder )NP . )FRAG  STOP
(S (NP We )NP (VP were (VP coming (ADVP down )ADVP (PP (ADVP straight )ADVP into (NP their *UNK )NP )PP )VP )VP . )S  STOP
(S (PRN (S (VP *UNKC )VP )S )PRN , (NP (NP the other rule )NP (PP of (NP *UNK )NP )PP (PP about (NP *UNKING )NP )PP )NP (VP is (SBAR that (S (NP you )NP (VP ca n't (VP *UNK )VP )VP )S )SBAR )VP . )S  STOP
(SINV And (ADVP neither )ADVP can (NP your pilot )NP . )SINV  STOP
(S (NP You )NP (VP can (VP (VP go (ADVP only up or down )ADVP (PRN -LRB- (PP by (S (VP *UNKING (NP (NP the balloon 's )NP air )NP (PP with (NP (NP a *UNK *UNK )NP , (SBAR (WHNP which )WHNP (S (VP does (VP make (S (NP (NP the top )NP (PP of (NP your head )NP )PP )NP (VP feel (ADJP hot )ADJP )VP )S )VP )VP )S )SBAR )NP )PP )VP )S )PP -RRB- )PRN )VP and (VP ride (NP the air *UNK )NP )VP )VP )VP . )S  STOP
(SBAR (WHNP *UNKC )WHNP (S (VP makes (S (NP the *UNK car )NP (ADJP necessary )ADJP )S )VP )S . )SBAR  STOP
(S (S (NP Most *UNK )NP (ADVP *UNK )ADVP (VP go (ADVP (ADVP higher )ADVP (PP than (NP 2,000 feet )NP )PP )ADVP )VP )S and (S (NP most )NP (VP average (NP (NP a *UNKLY *UNKN miles )NP (NP an hour )NP )NP )VP )S . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP the balloon )NP (VP is (VP *UNKING (ADVP along )ADVP (PP at (NP a steady *UNK )NP )PP )VP )VP )S )SBAR (NP there )NP (VP is (NP (NP little sense )NP (PP of (NP motion )NP )PP )NP )VP . )S  STOP
(SINV (SBAR (WHADVP Only when )WHADVP (S (NP one )NP (VP is (VP (VP *UNKING )VP (PRN -- or (PP in (NP our case )NP )PP (VP *UNKING (ADVP (NP a *UNK )NP *UNK *UNK )ADVP )VP -- )PRN )VP )VP )S )SBAR does (NP one )NP (VP feel , (INTJ well )INTJ , (ADJP *UNK (PP in (NP a *UNK basket )NP )PP )ADJP )VP . )SINV  STOP
(SINV `` (SBARQ (WHNP What )WHNP (SQ 's (NP he )NP (VP doing )VP )SQ )SBARQ ? '' (VP *UNKED )VP (NP (NP my *UNK )NP , (SBAR (SBAR (WHNP who )WHNP (S (VP was (NP (NP the only other *UNKING member )NP (PP of (NP the convention )NP )PP )NP )VP )S )SBAR and (SBAR (WHNP whose *UNK )WHNP (S (VP were (ADJP white )ADJP )VP )S )SBAR )SBAR )NP . )SINV  STOP
(SINV `` (NP *UNKC )NP , '' (VP *UNKED )VP (NP our pilot )NP (SBAR as (S (NP our basket )NP (VP plunged (PP into (NP the *UNK )NP )PP )VP )S )SBAR . )SINV  STOP
(S `` (X (ADVP You bet )ADVP (NP attention )NP )X (PRN , '' (S (NP I )NP (VP *UNKED (ADVP back )ADVP , (S (VP *UNKING (PP *UNK (NP the *UNK tanks )NP )PP )VP )S )VP )S , )PRN `` (NP I )NP (VP 'm (VP wearing (NP *UNK *UNK )NP )VP )VP ! '' )S  STOP
(S (NP Our pilot )NP (VP (ADVP simply )ADVP (VP *UNKED )VP , (VP fired (PRT up )PRT (NP the *UNK )NP )VP and (VP (PP with (NP (NP another *UNK )NP (PP of (NP *UNK )NP )PP )NP )PP lifted (NP us )NP , (INTJ *UNK )INTJ , (NP (NP a good *UNK- )NP (PP above (NP the water level )NP )PP )NP )VP )VP . )S  STOP
(S (NP We )NP (VP *UNKED (ADVP along )ADVP (PP for (NP a few feet )NP )PP (SBAR before (S (NP he )NP (VP plunged (NP us )NP (PP into (NP the drink )NP )PP (ADVP again )ADVP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Eventually )ADVP (NP we )NP (VP came (S (VP to (VP rest (PP in (NP (NP a *UNK *UNK )NP (PP of (NP field )NP )PP (SBAR (WHADVP where )WHADVP (S (NP we )NP (VP had (NP (NP the *UNK *UNK )NP (PP of (S (VP *UNKING (ADVP out (PP of (NP the basket )NP )PP )ADVP (PP into (NP the *UNK )NP )PP (SBAR while (S (NP (NP the French half )NP (PP of (NP our ballooning *UNK team )NP )PP )NP (VP *UNKED (ADVP in )ADVP )VP )S )SBAR )VP )S )PP )NP )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP I )NP (VP looked (PP at (NP my watch )NP )PP )VP . )S  STOP
(FRAG (NP (NP *UNKLY *UNK- )NP (ADVP *UNK )ADVP )NP . )FRAG  STOP
(S (PP (ADVP Back )ADVP in (NP the *UNK car )NP )PP , (NP we )NP (VP (VP drove (ADVP around )ADVP (NP some more )NP )VP , (VP got (VP stuck (PP in (NP a *UNK )NP )PP )VP )VP , (VP *UNKED (NP (NP the aid )NP (PP of (NP (NP a local farmer )NP (SBAR (S (VP to (VP (VP get (PRT out )PRT (NP the *UNK *UNK )NP )VP and (VP pull (NP us )NP (ADVP out (PP of (NP the *UNK )NP )PP )ADVP )VP )VP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP We )NP (ADVP finally )ADVP (VP *UNKED (PP with (NP (NP our balloon )NP , (SBAR (WHNP which )WHNP (S (VP had (VP come (S (VP to (VP rest (PP on (NP a *UNK road )NP )PP (PP amid (NP (NP a *UNK )NP (PP of (NP (NP *UNKC )NP (SBAR (WHNP who )WHNP (S (VP watched (S (NP us )NP (VP *UNK (NP our *UNK )NP -- (NP (NP another *UNK- )NP (PP of (NP (NP *UNK- activity )NP -- (SBAR (WHNP that )WHNP (S (VP included (NP (NP the *UNK routine )NP (PP of (S (VP (VP *UNKING (NP the balloon )NP (PP to (NP the ground )NP )PP )VP , (VP *UNKING (NP all the air )NP (ADVP out (PP of (NP it )NP )PP )ADVP )VP , (VP rolling (NP it )NP (PRT up )PRT )VP and (VP *UNKING (NP (NP it )NP and (NP the basket )NP )NP (PP into (NP the *UNK )NP )PP )VP )VP )S )PP )NP )VP )S )SBAR )NP )PP )NP )VP )S )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (S (NP It )NP (VP was (NP (NP the most exercise )NP (SBAR (S (NP we )NP (VP 'd (VP had (NP all morning )NP )VP )VP )S )SBAR )NP )VP )S and (S (NP it )NP (VP was (VP followed (PP by (S (NP our )NP (VP driving (ADVP immediately )ADVP (PP to (NP the *UNK *UNKING *UNK )NP )PP )VP )S )PP )VP )VP )S . )S  STOP
(S (NP This )NP (VP meant (S (VP returning (PP to (NP (NP the golf course )NP , (SBAR (WHADVP where )WHADVP (S (NP we )NP (VP watched (S (NP a few French *UNK )NP (VP *UNK (NP the first *UNK )NP (SBAR while (S (NP we )NP (VP sat (PP under (NP *UNKC *UNK )NP )PP , (S (NP me )NP (VP *UNKING (NP (NP an *UNK )NP and (NP my *UNK )NP )NP )VP )S )VP )S )SBAR )VP )S )VP )S )SBAR )NP )PP )VP )S )VP . )S  STOP
(UCP (NP (NP A whole morning )NP (PP of (NP ballooning )NP )PP )NP and (S (NP I )NP (VP had (VP been (ADVP off (NP the ground )NP )ADVP (NP (QP barely 30 )QP minutes )NP )VP )VP )S . )UCP  STOP
(S (ADVP Still )ADVP , (NP I )NP (VP figured (SBAR (S (NP (NP (NP the event 's )NP *UNK- )NP (ADVP back (PP in (NP the *UNKC )NP )PP )ADVP )NP (VP was (ADJP near *UNK )ADJP )VP )S )SBAR )VP . )S  STOP
(S (PP As (PP for (NP (NP the ride )NP (ADVP back (PP to (NP *UNK )NP )PP )ADVP )NP )PP )PP , (NP (NP our pilot )NP and (NP all the other *UNKING passengers )NP )NP (VP *UNKED (PP into (NP the *UNK car )NP )PP )VP . )S  STOP
(S (NP (NP My American *UNK )NP and (NP I )NP )NP (VP were (VP left (S (VP to (VP ride (ADVP *UNK )ADVP (PP in (NP the *UNK basket )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (SBAR As (S (NP we )NP (VP *UNKED (PP by (NP a *UNK *UNK )NP )PP )VP )S )SBAR , (NP I )NP (VP could n't (VP *UNK (S (VP (VP *UNKING (ADVP up )ADVP (PP on (NP my *UNK *UNK )NP )PP )VP and (VP *UNKING )VP )VP )S )VP )VP . )S  STOP
(S (NP Ms. de *UNKC )NP (VP is (NP a *UNK- writer )NP )VP . )S  STOP
(S (NP Treasury *UNKC David *UNKC )NP (VP *UNKED (NP (NP (NP the Treasury 's )NP efforts )NP (NP this fall )NP (S (VP to (VP drive (ADVP down )ADVP (NP (NP the value )NP (PP of (NP the dollar )NP )PP )NP )VP )VP )S )NP , (S (VP saying (SBAR (S (NP it )NP (VP helped (S (VP *UNK (NP (NP damage )NP (PP from (NP (NP the 190-point drop )NP (PP in (NP the stock market )NP )PP (NP Oct. 13 )NP )NP )PP )NP )VP )S )VP )S )SBAR )VP )S )VP . )S  STOP
(S (S (VP *UNKING (PP before (NP a House subcommittee )NP )PP )VP )S , (NP Mr. *UNKC )NP (VP said (SBAR that (S (SBAR if (S (NP the Treasury )NP (VP had n't (VP *UNKED (PP in (NP foreign-exchange markets )NP )PP (PP in (NP (NP September )NP and (NP early October )NP )NP )PP (S (VP to (VP reduce (NP (NP the dollar 's )NP value )NP )VP )VP )S )VP )VP )S )SBAR , (NP (NP the plunge )NP (PP in (NP the stock market )NP )PP )NP (VP might (VP have (VP *UNKED (NP (NP a steep fall )NP (PP in (NP the currency )NP )PP (SBAR (WHNP that )WHNP (S (VP might (VP have `` (VP *UNKED (NP financial markets )NP )VP )VP )VP )S )SBAR )NP )VP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP , (S (VP responding (PP to (NP (NP critics )NP (PP of (NP intervention )NP )PP )NP )PP )VP )S , (ADVP also )ADVP (VP said (SBAR (S (NP intervention )NP (VP (VP is `` (ADJP highly visible )ADJP )VP , '' (VP is (VP taken (ADVP seriously )ADVP (PP by (NP financial markets )NP )PP )VP )VP and (VP works (ADVP (ADVP better )ADVP (SBAR than `` (S (VP was (VP recognized (ADVP (NP some time )NP ago )ADVP )VP )VP )S )SBAR )ADVP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP *UNKC )NP (PP between (NP (NP the Treasury )NP and (NP the Federal Reserve )NP )NP )PP (PP on (NP (NP the *UNK )NP (PP of (NP (NP intervention )NP (SBAR (S (VP to (VP help (S (VP *UNK (NP the dollar )NP )VP )S )VP )VP )S )SBAR )NP )PP )NP )PP )NP (VP *UNKED (PP at (NP the hearing )NP )PP )VP . )S  STOP
(S (NP (NP Fed Vice Chairman *UNKC Johnson )NP , (SBAR (WHNP who )WHNP (S (VP had (VP *UNKED (PP from (NP (NP the Treasury 's )NP policy )NP )PP )VP )VP )S )SBAR , )NP (VP told (NP lawmakers )NP , `` (S (NP I )NP (VP became (ADJP convinced (PP about (SBAR (WHNP what )WHNP (S (VP looked (PP to (NP me )NP )PP (PP like (NP an attempt (S (VP to (VP push (NP the dollar )NP (ADVP down )ADVP (PP against (NP (NP the fundamentals )NP (PP in (NP the market )NP )PP )NP )PP )VP )VP )S )NP )PP )VP )S )SBAR )PP )ADJP )VP )S )VP . '' )S  STOP
(S (NP *UNKC )NP (PRN , (S (NP he )NP (VP added )VP )S , )PRN (VP is (ADJP useful (S (VP (ADVP only )ADVP (VP to (VP *UNK (NP *UNKLY markets )NP )VP )VP , not (VP to (VP (ADVP *UNKLY )ADVP influence (NP (NP the dollar 's )NP value )NP )VP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP (NP Rep. John *UNKC )NP (PRN -LRB- (NP D. )NP , (NP *UNKC . )NP -RRB- )PRN )NP (VP said (SBAR (S (NP Mr. Johnson )NP (VP (VP refused (S (VP to (VP *UNK (ADVP jointly )ADVP (PP with (NP Mr. *UNKC )NP )PP )VP )VP )S )VP and (ADVP instead )ADVP (VP asked (S (VP to (VP appear (SBAR after (S (NP the Treasury official )NP (VP had (VP completed (NP his testimony )NP )VP )VP )S )SBAR )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP A Fed spokesman )NP (VP denied (NP (NP Mr. *UNKC 's )NP statement )NP )VP . )S  STOP
(S (NP Mr. Mulford )NP (VP said (SBAR (S (NP (NP reports )NP (PP of (NP (NP tension )NP (PP between (NP the Treasury and Fed )NP )PP )NP )PP )NP (VP have (VP been (ADJP *UNKED )ADJP )VP )VP )S )SBAR , (S (VP *UNKING (SBAR that (S (NP they )NP (VP involved `` (NP *UNK )NP )VP )S )SBAR )VP )S )VP . '' )S  STOP
(S (NP Mr. Johnson )NP (ADVP also )ADVP (VP said (SBAR that `` (S (PP in (NP (NP the scheme )NP (PP of (NP things )NP )PP )NP )PP , (NP these things )NP (VP are (ADJP minor )ADJP )VP )S )SBAR )VP . '' )S  STOP
(S (PP On (NP other matters )NP )PP , (NP Mr. Mulford )NP (VP said (SBAR (S (NP West Germany )NP (VP is (VP *UNKING (PP to (NP (NP *UNK )NP (PP in (NP the world economy )NP )PP )NP )PP (PP because of (NP (NP its success )NP (PP as (NP an *UNK )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP The solution )NP (VP is (NP (NP stronger domestic growth )NP (PRN -LCB- (PP in (NP Germany )NP )PP -RCB- )PRN )NP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S But (SBAR because (S (NP (NP the growth )NP (PP of (NP the German economy )NP )PP )NP (VP has (VP been (ADJP (ADJP stronger )ADJP (SBAR than (S (VP expected )VP )S )SBAR )ADJP )VP )VP )S )SBAR (PRN , (S (NP Mr. Mulford )NP (VP said )VP )S , )PRN (NP (NP it )NP )NP (VP 's (ADJP difficult )ADJP (SBAR for (S (NP the U.S. )NP (VP to (VP argue (SBAR that (S (NP Germany )NP (VP ought (S (VP to (VP adopt (NP (ADJP more *UNK )ADJP (ADJP monetary and fiscal )ADJP policies )NP )VP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Germany 's )NP trade surplus )NP (VP is (PP (PP (ADVP largely )ADVP with (NP other European countries )NP )PP (CONJP rather than )CONJP (PP with (NP the U.S. )NP )PP )PP )VP )S , (NP Mr. Mulford )NP (VP acknowledged )VP . )S  STOP
(S (S But (ADVP nonetheless )ADVP (NP U.S. companies )NP (VP might (VP be (ADJP more successful )ADJP (PP in (NP European markets )NP )PP (SBAR if not (FRAG (PP for (NP the German export push )NP )PP )FRAG )SBAR )VP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (NP (NP (NP Five officials )NP (PP of (NP this investment banking firm )NP )PP )NP )NP (VP were (VP elected (S (NP directors )NP )S : (NP (NP (NP E. *UNKC *UNKC III )NP , (NP (NP a *UNK- managing director )NP (PP in (NP the mergers and acquisitions department )NP )PP )NP )NP ; (NP (NP Michael R. *UNKC )NP , (NP 44 )NP , (NP (NP a managing director )NP (SBAR (WHNP who )WHNP (S (VP *UNK (NP (NP the principal activities group )NP (SBAR (WHNP which )WHNP (S (VP provides (NP (NP funding )NP (PP for (NP leveraged acquisitions )NP )PP )NP )VP )S )SBAR )NP )VP )S )SBAR )NP )NP ; (NP (NP Richard *UNKC )NP , (NP 53 )NP , (NP (NP a general partner )NP (SBAR (WHNP who )WHNP (S (VP heads (NP the *UNK clearing services )NP )VP )S )SBAR )NP )NP ; (NP (NP Michael *UNKC )NP , (NP 46 )NP , (NP (NP a general partner )NP (SBAR (WHNP who )WHNP (S (VP is (NP treasurer )NP )VP )S )SBAR )NP )NP ; and (NP (NP (NP William J. *UNKC )NP , (NP 42 )NP , (NP (NP a general partner )NP (SBAR (WHNP who )WHNP (S (VP is (ADVP also )ADVP (NP (NP (NP senior vice president )NP (PP of (NP finance )NP )PP )NP and (NP chief financial officer )NP )NP )VP )S )SBAR )NP )NP )NP )NP )VP )VP . )S  STOP
(S (NP The board )NP (VP increased (PP by (NP one )NP )PP (PP to (NP 26 members )NP )PP )VP . )S  STOP
(S (PP In (NP the past year )NP )PP , (NP one inside director )NP (VP resigned , (SBAR while (S (NP three others )NP (VP retired )VP )S )SBAR )VP . )S  STOP
(S (NP Some U.S. allies )NP (VP are (VP *UNKING (SBAR that (S (NP President Bush )NP (VP is (VP pushing (NP *UNK- talks )NP (ADVP too quickly )ADVP , (S (VP creating (NP a risk (SBAR that (S (NP negotiators )NP (VP will (VP make (NP (NP errors )NP (SBAR (WHNP that )WHNP (S (VP could (VP affect (NP (NP the security )NP (PP of (NP Western Europe )NP )PP )NP (PP for (NP years )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP about (NP (NP the pace )NP (PP of (NP (NP the *UNKC talks )NP -- (SBAR (WHNP which )WHNP (S (VP are (VP aimed (PP at (NP (NP (NP the destruction )NP (PP of (NP (QP some 100,000 )QP weapons )NP )PP )NP , (CONJP as well as )CONJP (NP (NP major reductions and *UNK )NP (PP of (NP troops )NP )PP (PP in (NP central Europe )NP )PP )NP )NP )PP )VP )VP )S )SBAR -- )NP )PP )NP )PP )NP (ADVP also )ADVP (VP are (VP being (VP registered (PP at (NP the Pentagon )NP )PP )VP )VP )VP . )S  STOP
(S (NP Mr. Bush )NP (VP has (VP called (PP for (NP (NP an agreement )NP (PP by (NP (NP next September )NP (PP at (NP the latest )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S But (NP some American defense officials )NP (VP believe (SBAR (S (NP the North Atlantic *UNKC Organization )NP (VP should (VP take (NP more time )NP (S (VP to (VP *UNK (NP (NP the long-term implications )NP (PP of (NP (NP the options )NP (VP being (VP considered )VP )VP )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP one thing )NP )PP , (NP (NP Pentagon officials )NP , (SBAR (WHNP who )WHNP (S (VP asked (S not (VP to (VP be (VP identified )VP )VP )VP )S )VP )S )SBAR , )NP (VP worry (SBAR that (S (NP the U.S. )NP (VP will (VP have (NP (NP a (ADVP much tougher )ADVP time )NP (S (VP *UNKING (NP Europeans )NP (S (VP to (VP keep (NP some *UNK- nuclear weapons )NP (PP on (NP their *UNK )NP )PP (SBAR once (S (NP Soviet *UNKED forces )NP (VP are (VP *UNKED (PRT out )PRT )VP )VP )S )SBAR )VP )VP )S )VP )S )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP At (NP the same time )NP )PP , (NP they )NP (VP contend (SBAR that (S (NP (NP a reduction )NP (PP of (NP NATO forces )NP )PP (PP under (NP a treaty )NP )PP )NP (VP will (VP increase (NP (NP the possibility )NP (PP of (NP a conventional Soviet attack )NP )PP )NP (SBAR unless (S (NP the West )NP (VP retains (NP (NP a *UNK force )NP (PP of (NP nuclear weapons )NP )PP )NP (PP in (NP Europe )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (ADJP concerned (PP about (NP the deadline )NP )PP )ADJP )NP (VP include (NP the (NX (NX British )NX , (NX French )NX and (NX (NX smaller NATO allies )NX , (SBAR (WHNP (NP some )NP (WHPP of (WHNP whom )WHNP )WHPP )WHNP (S (VP do n't (VP have (NP (NP adequate *UNK )NP (SBAR (S (VP to (VP provide (NP (NP quick answers )NP (PP to (NP (NP the questions )NP (VP being (VP raised (PP by (SBAR (WHNP what )WHNP (S (ADVP generally )ADVP (VP are (VP considered (S (NP (NP the (ADJP most complex )ADJP *UNK- talks )NP (VP (ADVP ever )ADVP attempted )VP )NP )S )VP )VP )S )SBAR )PP )VP )VP )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NX )NX )NP )VP . )S  STOP
(S (ADVP So far )ADVP , (NP no ally )NP (VP has (VP complained (ADVP *UNKLY )ADVP , (S (VP *UNKING (NP the *UNK (SBAR that (S (NP NATO )NP (VP is (PP in (NP (NP line )NP (PP with (NP the Bush position (SBAR that (S (NP (NP a quick agreement )NP (VP bringing (NP Soviet conventional forces )NP (ADVP down (PP to (NP (NP *UNK )NP (PP with (NP NATO )NP )PP )NP )PP )ADVP )VP )NP (VP is (NP (NP the West 's )NP top *UNKING priority )NP )VP )S )SBAR )NP )PP )NP )PP )VP )S )SBAR )NP )VP )S )VP )VP . )S  STOP
(S But (SBAR even though (S (NP NATO negotiators )NP (VP have (NP (NP (QP only 10 )QP months )NP (VP left )VP )NP (PP under (NP the Bush *UNK )NP )PP )VP )S )SBAR , (NP they )NP (VP are (ADVP still )ADVP (VP *UNKING (PP over (NP (NP such (ADJP seemingly fundamental )ADJP questions )NP (PP as `` (SBARQ (WHNP What )WHNP (SQ (VP is (NP a *UNK )NP )VP )SQ ? )SBARQ '' )PP )NP )PP )VP )VP )S  STOP
(S (NP (NP Five )NP (PP of (NP (NP the six categories )NP (PP of (NP weapons )NP )PP (PP under (NP *UNK )NP )PP )NP )PP )NP (VP have n't (ADVP even )ADVP (VP been (VP defined )VP )VP )VP . )S  STOP
(S (NP *UNKC )NP (ADVP currently )ADVP (VP are (VP defined (PP as (NP (NP *UNKED vehicles )NP (VP *UNKING (NP 25 tons (QP or more )QP )NP )VP (SBAR (WHNP that )WHNP (S (VP carry (NP large *UNK )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP The Soviets )NP (VP complicated (NP the issue )NP (PP by (S (VP offering (S (VP to (VP include (NP (NP light tanks )NP , (SBAR (WHNP which )WHNP (S (VP are (ADJP (ADJP as light )ADJP (PP as (NP 10 tons )NP )PP )ADJP )VP )S )SBAR )NP )VP )VP )S )VP )S )PP )VP . )S  STOP
(S (NP (NP *UNKC A. *UNKC )NP , (NP (NP the chief Soviet *UNK )NP (PP in (NP the *UNK- talks )NP )PP )NP , )NP (VP argued (SBAR that (S (NP this )NP (VP would (VP mean (SBAR (S (NP the Soviets )NP (VP would (VP have (S (VP to (VP destroy (NP (QP some *UNKN )QP tanks )NP )VP )VP )S , (SBAR while (S (NP the U.S. )NP (VP would (VP lose (NP none )NP (SBAR because (S (NP it )NP (VP has (NP no light tanks )NP (PP in (NP Europe )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP the issue )NP (VP is (ADJP (ADJP *UNK )ADJP (SBAR than (S (NP it )NP (VP seems )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP France , Britain and Italy )NP all (VP have (NP (NP light tanks )NP (SBAR (S (NP they )NP (VP would (VP like (S (VP to (VP keep (ADVP out (PP of (NP the talks )NP )PP )ADVP )VP )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(S And (NP some U.S. Army analysts )NP (VP worry (SBAR that (S (NP the proposed Soviet *UNK )NP (VP is (VP aimed (PP at (S (VP blocking (NP the U.S. )NP (PP from (S (VP developing (NP *UNK , (ADJP more *UNK )ADJP , *UNK- tanks )NP )VP )S )PP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (VP *UNKING (NP combat aircraft )NP )VP )S (VP is (ADJP even tougher )ADJP )VP . )S  STOP
(S (NP The Soviets )NP (VP (VP insisted (SBAR that (S (NP aircraft )NP (VP be (VP brought (PP into (NP the talks )NP )PP )VP )VP )S )SBAR )VP , (ADVP then )ADVP (VP argued (PP for (S (VP *UNKING (NP (QP some *UNKN )QP Russian planes )NP (SBAR because (S (NP they )NP (VP are `` (ADJP solely defensive )ADJP )VP )S )SBAR )VP )S )PP )VP )VP . '' )S  STOP
(S (NP NATO )NP (VP has n't (VP *UNKED (PP from (NP its *UNK (SBAR that (S (NP any *UNKING plane )NP (VP has (NP *UNK *UNK )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP The dispute )NP (PP over (NP that issue )NP )PP )NP , (PP according (PP to (NP one U.S. official )NP )PP )PP , (VP is (NP a `` potential treaty *UNK )NP )VP )S , '' and (S (NP only (NP President Bush )NP and (NP Soviet leader Mikhail Gorbachev )NP )NP (VP may (VP be (ADJP able (S (VP to (VP resolve (NP it )NP )VP )VP )S )ADJP )VP )VP )S . )S  STOP
(S (NP Accounting problems )NP (VP raise (NP more *UNK issues )NP )VP . )S  STOP
(S (NP *UNKC and Turkey )NP , (PP for (NP example )NP )PP , (VP are (VP *UNKED (PP of (S (VP *UNKING (NP their *UNK )NP (PP in (NP hopes (SBAR that (S (NP they )NP (VP can (VP emerge (PP from (NP the *UNK- treaty )NP )PP (PP with (NP (NP large remaining forces )NP (SBAR (S (VP to (VP *UNK (NP each other )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S (NP Other nations )NP (VP are n't (ADJP sure (SBAR (WHNP (WHADJP how many )WHADJP weapons )WHNP (S (NP they )NP (VP have (PP in (NP their own *UNK )NP )PP )VP )S )SBAR )ADJP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's (ADVP just )ADVP (VP going (S (VP to (VP be (ADJP *UNK )ADJP , (PP both on (NP (NP our side )NP and (NP (NP *UNK )NP (PRN -LCB- (NP the Warsaw *UNKC 's )NP -RCB- )PRN )NP )NP )PP )VP )VP )S )VP )VP )S , '' (VP says )VP (NP one NATO analyst )NP . )SINV  STOP
(S (ADVP So far )ADVP , (NP neither (NP the Bush administration )NP nor (NP (NP *UNK- experts )NP (PP in (NP Congress )NP )PP )NP )NP (VP seem (S (VP moved (PP by (NP arguments (SBAR that (S (NP (NP these problems )NP )NP (VP may (VP take (NP (NP more time )NP )NP (SBAR (S (VP to (VP *UNK (PRT out )PRT )VP )VP )S )SBAR (SBAR than (S (NP President Bush )NP (VP has (VP allowed )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )VP )S )VP . )S  STOP
(S (NP They )NP (VP argue (SBAR that (S (NP the bigger danger )NP (VP would (VP be (SBAR that (S (NP the West )NP (VP would (VP delay (NP action )NP (ADVP (ADVP so long )ADVP (SBAR that (S (NP the Soviets )NP (VP might (VP back (ADVP away (PP from (NP the current *UNK attitude )NP )PP )ADVP )VP )VP )S )SBAR )ADVP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (FRAG So what (SBAR if (S (NP you )NP (VP *UNK (NP 50 tanks )NP (NP somewhere )NP )VP )S )SBAR ? )FRAG '' (VP asks )VP (NP (NP Rep. Norman *UNKC )NP (PRN -LRB- (NP D. )NP , (NP *UNKC )NP -RRB- )PRN , (NP (NP a member )NP (PP of (NP (NP the House group )NP (SBAR (WHNP that )WHNP (S (VP visited (NP (NP the talks )NP (PP in (NP *UNKC )NP )PP )NP )VP )S )SBAR )NP )PP )NP )NP . )SINV  STOP
(S `` (NP The bottom line )NP (VP is (SBAR that (S (SBAR if (S (NP we )NP (VP can (VP get (S (NP that (PRN -LCB- Warsaw *UNKC -RCB- )PRN *UNK )NP (VP brought (ADVP down (PP to (NP *UNK )NP )PP )ADVP )VP )S )VP )VP )S )SBAR , (NP we )NP (VP ought (S (VP to (VP keep (S (VP pressing (ADVP ahead )ADVP (ADVP (ADVP as quickly )ADVP (SBAR as (FRAG (ADJP possible )ADJP )FRAG )SBAR )ADVP )VP )S )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP I )NP (VP worry (ADVP more )ADVP (PP about (S (NP things )NP (VP becoming (ADJP (ADJP so *UNKED )ADJP )ADJP (PP on (NP the other side )NP )PP (SBAR that (S (NP they )NP (VP might (VP become (ADJP unable (S (VP to (VP negotiate )VP )VP )S )ADJP )VP )VP )S )SBAR )VP )S )PP )VP . )S  STOP
(S (NP International *UNKC Finance Corp. )NP (VP announced (NP (NP a leasing contract )NP (PP with (NP charter carrier American *UNKC Air Inc. )NP )PP , (PP in (NP (NP a transaction )NP (VP involving (NP six Boeing Co. *UNK- )NP )VP )NP )PP )NP )VP . )S  STOP
(S (NP (NP The value )NP (PP of (NP (NP the *UNK )NP , (PP including (NP *UNK )NP )PP , )NP )PP )NP (VP is (PP in (NP (NP excess )NP (PP of (NP (QP $ 250 million )QP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Two )NP (PP of (NP the *UNK- )NP )PP )NP (VP are (NP (NP new aircraft )NP (SBAR (S (VP to (VP be (VP delivered (PP to (NP (NP American Trans Air )NP , (NP (NP the main subsidiary )NP (PP of (NP *UNKC Inc. )NP )PP )NP , )NP )PP (PP in (NP (NP December 1991 )NP and (NP January 1992 )NP )NP )PP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Four )NP (PP of (NP the planes )NP )PP )NP (VP were (VP purchased (PP by (NP International *UNKC )NP )PP (PP from (NP Singapore Airlines )NP )PP (PP in (NP a (ADJP previously announced )ADJP transaction )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP of (NP the first aircraft )NP )PP )NP (VP is (VP set (PP for (NP early November )NP )PP )VP )VP )S , (S (NP a second )NP (PP for (NP December )NP )PP )S and (S (NP two )NP (PP for (NP April 1990 )NP )PP )S . )S  STOP
(S (NP (NP (NP *UNKC 's )NP unemployment rate )NP (PP for (NP October )NP )PP )NP (VP was (NP (NP 3.6 % )NP , (UCP (ADJP unchanged (PP from (NP September )NP )PP )ADJP but (ADVP up (PP from (NP (NP 2.6 % )NP (PP in (NP (NP the same month )NP (NP last year )NP )NP )PP )NP )PP )ADVP )UCP )NP )VP . )S  STOP
(S (S (NP The figure )NP (VP *UNK (NP (NP a record number )NP (VP employed (PP by (NP extraordinary government work programs )NP )PP )VP )NP )VP )S , (NP the Labor *UNKC )NP (VP announced (NP Tuesday )NP )VP . )S  STOP
(S (PP *UNKING (NP (NP those )NP (PP in (NP the state programs )NP )PP )NP )PP , (NP there )NP (VP were (NP (NP (NP (NP *UNKN *UNKC )NP )NP , or (NP (NP (QP about 6.5 )QP % )NP (PP of (NP the work force )NP )PP )NP , )NP (PP without (NP permanent employment )NP )PP )NP (PP in (NP October )NP )PP , (ADVP up (PP from (NP (NP September 's )NP *UNKN )NP )PP )ADVP )VP . )S  STOP
(S (NP (NP The number )NP (PP of (NP (NP people )NP (VP registered (PP as (ADJP *UNK )ADJP )PP (PP at (NP (NP the end )NP (PP of (NP October )NP )PP )NP )PP )VP )NP )PP )NP (VP declined (PP by (NP 900 )NP )PP (PP from (NP September )NP )PP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (S (NP (NP Those )NP (VP employed (PP in (NP *UNKED special programs )NP )PP )VP )NP (VP increased (PP by (NP *UNKN )NP )PP (PP to (NP *UNKN )NP )PP (PP in (NP the same period )NP )PP )VP , )S (NP the *UNKC )NP (VP said )VP . )S  STOP
(S (PP In (NP October 1988 )NP )PP , (NP there )NP (VP were (NP (NP *UNKN fewer )NP (VP employed (PP by (NP government programs )NP )PP )VP )NP )VP . )S  STOP
(S (NP Coca-Cola Co. )NP , (S (VP *UNKING (S (VP to (VP boost (NP (NP soft-drink volume )NP (PP in (NP Singapore )NP )PP )NP )VP )VP )S )VP )S , (VP said (SBAR (S (NP it )NP (VP is (VP discussing (NP a joint venture )NP (PP with (NP (NP *UNKC & *UNKC Ltd. )NP , (NP (NP its *UNKING *UNK )NP (PP in (NP that country )NP )PP )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The venture )NP (VP would (VP be (NP (NP the latest )NP (PP in (NP (NP (NP Coke 's )NP rapid expansion )NP (PP of (NP overseas investment )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (ADVP So far )ADVP (NP this year )NP , (NP it )NP (VP has (VP put (NP (QP nearly $ 700 million )QP )NP (PP into (NP (NP *UNKING operations )NP (PP in (NP (NP Australia )NP , (NP New Zealand )NP and (NP France )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The move )NP (ADVP also )ADVP (VP reflects (NP (NP Coke 's )NP *UNK (S (VP to (VP have (NP a hand )NP (PP in (S (VP developing (NP (NP the soft-drink markets )NP (PP in (NP Pacific *UNKC countries )NP )PP )NP )VP )S )PP )VP )VP )S )NP )VP . )S  STOP
(S (ADVP *UNKC (PP from (NP Europe )NP )PP )ADVP , (NP the Pacific division )NP (VP is (SBAR (WHADVP where )WHADVP (S (NP Coke )NP (VP will (VP be (VP focusing (NP (NP much )NP (PP of (NP its attention )NP )PP )NP (PP for (NP (NP years )NP (SBAR (S (VP to (VP come )VP )VP )S )SBAR )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP 's (SBAR because (S (SBAR (WHADVP when )WHADVP (S (NP Coke )NP (VP looks (PP to (NP the Pacific area )NP )PP )VP )S )SBAR , (NP it )NP (VP sees (NP an (ADJP economic and *UNK )ADJP gold mine )NP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP countries )NP (PP such as (NP (NP Taiwan )NP , (NP South Korea )NP and (NP Singapore )NP )NP )PP )NP )PP , (NP economies )NP (VP are (VP growing , (S (VP resulting (PP in (NP (NP a rise )NP (PP in (NP (NP *UNK income )NP (SBAR (WHNP that )WHNP (S (NP consumers )NP (VP can (VP use (PP for (NP soft *UNK )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )S )VP )VP . )S  STOP
(S And (PP unlike (NP (NP (NP Europe )NP and (NP the U.S. )NP )NP , (SBAR (WHADVP where )WHADVP (S (NP *UNK )NP (VP are (VP *UNKING )VP )VP )S )SBAR , )NP )PP (NP the Pacific *UNKC countries )NP (VP have (NP (NP growing *UNK )NP (PP of (NP (NP *UNK )NP -- (NP (NP the *UNK consumers )NP (PP of (NP (NP Coca-Cola )NP and (NP other *UNK )NP )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (NP A Coca-Cola spokesman )NP (VP said (SBAR (S (NP it )NP (VP is (ADJP too early (S (VP to (VP say (SBAR (SBAR (WHADVP how )WHADVP (S (NP the joint venture )NP (VP would (VP be (VP structured )VP )VP )VP )S )SBAR , or (SBAR (WHNP how much )WHNP (S (NP the company )NP (VP would (VP invest (PP in (NP the transaction )NP )PP )VP )VP )S )SBAR )SBAR )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP the past )NP )PP , (ADVP however )ADVP , (NP Coke )NP (VP has (ADVP typically )ADVP (VP taken (NP (NP a minority stake )NP (PP in (NP such ventures )NP )PP )NP )VP )VP . )S  STOP
(S (PP By (S (VP acquiring (NP (NP stakes )NP (PP in (NP (NP *UNKING companies )NP (UCP (PP in (NP the U.S. )NP )PP and (ADVP overseas )ADVP )UCP )NP )PP )NP )VP )S )PP , (NP Coke )NP (VP has (VP been (ADJP able (S (VP to (VP improve (NP (NP *UNK ' )NP efficiency and production , and (PP in (NP some cases )NP )PP , marketing )NP )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (NP Coke )NP (VP has (VP *UNKED (S (VP to (VP increase (NP its control )NP (SBAR (WHADVP when )WHADVP (S (NP results )NP (VP were (ADJP sluggish )ADJP (PP in (NP a given country )NP )PP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (NP That )NP (VP does n't (VP appear (S (VP to (VP be (NP the case )NP )VP )VP )S (PP in (NP (NP Singapore )NP , (NP (NP a country )NP (PP of (NP (QP about three million )QP people )NP )PP (PP with (NP (NP a (ADJP relatively high )ADJP soft-drink consumption rate )NP -- (NP (NP a key *UNK )NP (PP of (NP (NP (NP Coke 's )NP success )NP (PP in (NP a market )NP )PP )NP )PP )NP )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP Singapore )NP )PP , (NP *UNK- consumption )NP (VP is (NP (NP (QP about one-third )QP that )NP (PP of (NP the U.S. )NP )PP )NP )VP . )S  STOP
(S And (S (S (VP *UNKING (NP (NP *UNKC & *UNKC 's )NP own soft *UNK )NP (PP with (NP Coca-Cola 's )NP )PP )VP )S (VP gives (NP the Singapore company )NP (NP (NP (QP more than half )QP the share )NP (PP of (NP (NP the *UNK market )NP (ADVP there )ADVP )NP )PP )NP )VP )S , (NP Coke )NP (VP said )VP . )S  STOP
(S (NP (NP *UNKC & *UNKC )NP , (SBAR (WHNP which )WHNP (S (ADVP also )ADVP (VP has (NP (NP interests )NP (PP in (NP (NP packaging )NP , (NP beer )NP and (NP *UNK products )NP )NP )PP )NP )VP )S )SBAR , )NP (VP holds (NP (NP the Coke licenses )NP (PP for (NP (NP Malaysia and *UNKC )NP , (SBAR (WHADVP where )WHADVP (S (NP *UNK- consumption )NP (VP is n't (ADJP (ADJP as high )ADJP (PP as (PP in (NP Singapore )NP )PP )PP )ADJP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP Coke )NP (VP could (VP be (ADJP interested (PP in (S (VP (ADVP more quickly )ADVP developing (NP (NP some )NP (PP of (NP (NP the *UNKED potential )NP (PP in (NP those markets )NP )PP )NP )PP )NP )VP )S )PP )ADJP )VP )VP . )S  STOP
(S (NP A Coke spokesman )NP (VP said (SBAR (S (NP he )NP (VP could n't (VP say (SBAR whether (S (NP that )NP (VP is (NP (NP the direction )NP (PP of (NP the talks )NP )PP )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Coke )NP (VP said (SBAR (S (NP (NP the *UNK- arrangement )NP , (SBAR (WHNP which )WHNP (S (VP needs (NP (NP approval )NP (PP from (NP (NP both companies ' )NP boards )NP )PP )NP )VP )S )SBAR , )NP (VP should (VP be (VP completed (NP early next year )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC *UNKC Inc. )NP , (NP (NP Old Greenwich )NP , (NP Conn. )NP )NP , )NP (VP said (SBAR (S (NP it )NP (VP increased (NP (NP its quarterly 11 % )NP )NP (PP to (NP (NP 68 cents )NP (NP a share )NP )NP )PP (PP from (NP 61 cents )NP )PP , (ADJP payable (NP Dec. 1 )NP (PP to (NP (NP stock )NP (PP of (NP record )NP )PP (NP Nov. 10 )NP )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP The increase )NP (VP (VP follows (NP (NP (NP the company 's )NP report )NP (PP of (NP (NP strong earnings )NP (PP for (NP the third quarter )NP )PP )NP )PP )NP )VP , and (VP reflects (SBAR (WHNP what )WHNP (S (NP American Brands )NP (VP called (S (NP (NP its `` tradition )NP (PP of (S (VP *UNKING (NP earnings growth )NP '' (PP with (NP shareholders )NP )PP )VP )S )PP )NP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP American Brands )NP (VP is (NP (NP a consumer products company )NP (PP with (NP (NP core businesses )NP (PP in (NP (NP tobacco )NP , (NP *UNKED spirits )NP and (NP life insurance )NP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP As (PP of (NP Sept. 30 )NP )PP )PP , (NP American Brands )NP (VP had (NP (NP (QP *UNKN million )QP shares )NP (ADJP outstanding )ADJP )NP )VP . )S  STOP
(S (NP *UNKC Agnelli & Co. )NP (VP announced (NP (NP a transaction )NP (SBAR (WHNP that )WHNP (S (VP (VP will (VP strengthen (NP (NP its *UNK control )NP (PP of (NP Fiat *UNKC . A. )NP )PP )NP )VP )VP and (VP will (VP *UNK (NP *UNKC *UNKC *UNKC *UNKC )NP (PP as (NP its first *UNKLY shareholder )NP )PP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP *UNKC Agnelli )NP , (NP (NP a limited partnership )NP (SBAR (WHNP that )WHNP (S (VP is (NP (NP the master holding company )NP (PP for (NP (NP Fiat 's )NP Agnelli family )NP )PP )NP )VP )S )SBAR )NP , )NP (VP owns (NP (NP (QP approximately 75 )QP % )NP (PP of (NP (NP the shares )NP (PP in (NP (NP *UNKC *UNKC *UNKC )NP , (SBAR (WHNP which )WHNP (S (PP in (NP turn )NP )PP (VP owns (NP (NP (QP approximately 40 )QP % )NP (PP of (NP (NP Fiat )NP , (NP (NP Italy 's )NP biggest private-sector industrial group )NP )NP )PP )NP )VP )S )SBAR )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP (NP *UNKC *UNKC Agnelli *UNKC )NP , (NP (NP sister )NP (PP of (NP Fiat Chairman Giovanni Agnelli )NP )PP )NP , )NP (VP agreed (S (VP to (VP trade (NP (NP her shares )NP (PP in (NP *UNKC )NP )PP )NP (PP for (NP (NP new ordinary shares )NP (PP in (NP the limited partnership )NP )PP )NP )PP , (SBAR (WHNP which )WHNP (S (VP will (VP give (NP her )NP (NP (NP control )NP (PP of (NP (NP *UNKN % )NP (PP of (NP Giovanni Agnelli & Co )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNKC *UNKC )NP , (ADVP meanwhile )ADVP , (VP agreed (S (VP to (VP trade (NP (NP some )NP (PP of (NP (NP his stake )NP (PP in (NP (NP *UNKED *UNKC S.A. )NP , (NP another Agnelli family company )NP , )NP )PP )NP )PP )NP (PP for (NP (NP *UNKN % )NP (PP of (NP (NP Giovanni Agnelli & Co. 's )NP capital )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP His new stake )NP (VP would (VP be (PP in (NP (NP the form )NP (PP of (NP (NP preferred shares )NP , (SBAR (WHNP which )WHNP (S (VP (VP receive (NP higher dividends )NP )VP but (VP have (NP voting rights )NP (PP (ADVP only )ADVP in (NP extraordinary shareholders *UNK )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The *UNKC *UNKC )NP (VP owns (NP (NP 10 % )NP (PP of (NP (NP *UNKC 's )NP capital )NP )PP )NP , (SBAR while (S (NP *UNKC )NP (VP owns (NP 23 % )NP )VP )S )SBAR )VP . )S  STOP
(S (PP As (NP (NP a result )NP (PP of (NP (NP the transaction )NP , (SBAR (WHNP which )WHNP (S (VP is (VP expected (S (VP to (VP be (VP approved (PP at (NP a shareholders meeting )NP )PP (NP Nov. 24 )NP )VP )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP )PP , (NP Giovanni Agnelli & Co. )NP (VP will (VP control (NP (NP *UNKN % )NP (PP of (NP (NP *UNKC 's )NP ordinary shares )NP )PP )NP )VP )VP . )S  STOP
(S (NP Its capital )NP (VP will (ADVP also )ADVP (VP be (VP raised (PP to (NP (NP (QP *UNKN billion )QP lire )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP )PP (PP from (NP the current (QP *UNKN billion )QP lire )NP )PP )VP )VP )VP . )S  STOP
(S (NP *UNKC )NP (ADVP also )ADVP (VP has (NP (NP *UNKING preferred shares )NP , (SBAR (WHNP which )WHNP (S (VP are (VP quoted (PP on (NP the Milan stock exchange )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP (NP The value )NP (PP of (NP the two transactions )NP )PP )NP (VP was n't (VP disclosed )VP )VP )S , but (S (NP an *UNKC spokesman )NP (VP said (SBAR (S (NP no cash )NP (VP would (VP change (NP hands )NP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP The move )NP (VP *UNK (NP (NP the existing links )NP (PP between (NP (NP the *UNKC )NP and (NP (NP the *UNKC *UNKC )NP , (NP (NP the head )NP (PP of (NP (NP the world 's )NP *UNKC *UNKC )NP )PP )NP (SBAR (WHNP who )WHNP (S (S (VP is (NP a longtime family friend )NP )VP )S and (S (ADVP frequently )ADVP (VP goes (NP *UNKING )NP (PP with (NP Mr. Agnelli )NP )PP )VP )S )S )SBAR )NP )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP Mr. Agnelli )NP and (NP the *UNKC *UNKC )NP )NP (ADVP also )ADVP (VP have (NP some business ties )NP )VP )S , and (S (NP (NP a spokesman )NP (PP for (NP the Agnelli company )NP )PP )NP (VP did n't (VP rule (ADVP out )ADVP (SBAR that (S (NP the current agreement )NP (VP could (VP lead (PP to (NP further *UNK )NP )PP )VP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (PP For (NP instance )NP )PP , (NP *UNKC )NP (NP earlier this year )NP (VP bought (NP (NP an (ADJP 18 % )ADJP stake )NP (PP in (NP (NP *UNKC )NP , (NP (NP the *UNKC *UNKC 's )NP airline )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (PP between (NP Italy and *UNKC )NP )PP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP (NP Giovanni Agnelli & Co. )NP , (SBAR (WHNP which )WHNP (S (VP was (VP formed (PP in (NP January 1987 )NP )PP (PP as (NP (NP a way )NP (PP of (S (VP keeping (S (NP (NP (NP the *UNKC ' )NP controlling stake )NP (PP in (NP Fiat )NP )PP )NP (ADJP together )ADJP )S (PP despite (NP an *UNKING family *UNK )NP )PP )VP )S )PP )NP )PP )VP )VP )S )SBAR , )NP (VP has (VP been (VP playing (NP (NP a more active role )NP (PP in (NP the Agnelli group )NP )PP )NP (ADVP of late )ADVP )VP )VP )VP . )S  STOP
(S (NP It )NP (VP raised (NP (NP financing )NP (PP of (NP (QP 300 billion )QP lire )NP )PP )NP (PP for (NP (NP the purchase )NP (NP this summer )NP (PP by (NP another *UNKED group )NP )PP (PP of (NP (NP the food concern )NP (NP *UNKC *UNKC . A. )NP )NP )PP )NP )PP , (PP by (S (VP selling (NP (NP a chunk )NP (PP of (NP its *UNKC shares )NP )PP )NP (PP to (NP *UNKC *UNKC . A. )NP )PP )VP )S )PP )VP )S  STOP
(S (NP *UNKC )NP (VP said (PP during (NP the weekend )NP )PP (SBAR that (S (NP it )NP (VP agreed (S (VP to (VP sell (NP the shares )NP (ADVP back (PP to (NP Giovanni Agnelli )NP )PP )ADVP (PP for (NP (QP *UNKN billion )QP lire )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Your Oct. 2 *UNK- article )NP (PP on (NP (NP people )NP (VP *UNKING (NP so-called `` *UNK '' )NP (PP on (NP railroad tracks )NP )PP )VP )NP )PP )NP (VP was (NP (NP a *UNK )NP (PP to (NP your readers )NP )PP )NP )VP . )S  STOP
(S (NP It )NP (ADVP *UNKLY )ADVP (VP *UNK (S (NP others )NP (VP to (VP engage (PP in (NP (NP a (ADJP (ADJP highly dangerous )ADJP and (ADJP illegal )ADJP )ADJP activity )NP (SBAR (WHNP that )WHNP (S (NP only a very few )NP (VP are (VP doing (ADVP now )ADVP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S And (NP it )NP (VP *UNK (NP such activities )NP (PP in (NP a *UNK , *UNK fashion )NP )PP , (PP with (NP (NP total *UNK )NP (PP to (NP (NP common sense )NP and (NP public safety )NP )NP )PP )NP )PP )VP . )S  STOP
(NP *UNKC *UNKC )NP  STOP
(NP Vice President )NP  STOP
(NP Public Affairs )NP  STOP
(NP *UNKC )NP  STOP
(S (NP MCI Communications Corp. )NP (VP said (SBAR (S (NP it )NP (VP received (NP (NP a three-year contract )NP (VP valued (PP at (NP (QP more than $ 15 million )QP )NP )PP )VP (SBAR (S (VP to (VP provide (NP network , credit-card and other telecommunications services )NP (PP to (NP Drexel Burnham Lambert Inc )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC Democrats )NP and (NP the Bush administration )NP )NP (VP agreed (PP on (NP a compromise *UNK- bill )NP )PP , (S (VP opening (NP (NP the way )NP (PP for (NP (NP the first *UNK- boost )NP (PP in (NP (QP more than nine )QP years )NP )PP )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP The agreement )NP (VP ended (NP (NP a long *UNK )NP (PP between (NP (NP the congressional leaders )NP and (NP the White House )NP )NP )PP (PP over (NP the wage issue )NP )PP )NP )VP . )S  STOP
(S (NP President Bush )NP (PP in (NP June )NP )PP (VP (VP *UNKED (NP (NP a measure )NP (VP passed (PP by (NP Congress )NP )PP )VP )NP )VP and (VP said (SBAR (S (NP he )NP (VP would n't (VP accept (NP (NP any *UNK- rise )NP (SBAR (WHNP that )WHNP (S (VP went (PP beyond (NP (NP limits )NP (SBAR (S (NP he )NP (VP set (PP (ADVP early )ADVP in (NP (NP (NP this year 's )NP debate )NP (PP on (NP the issue )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The compromise )NP (VP was (NP (NP a (ADJP somewhat *UNKED )ADJP version )NP (PP of (SBAR (WHNP what )WHNP (S (NP the White House )NP (VP had (VP said (SBAR (S (NP it )NP (VP would (VP accept )VP )VP )S )SBAR )VP )VP )S )SBAR )PP )NP )VP . )S  STOP
(S (PP Under (NP (NP the agreement )NP (PP with (NP the House and Senate leaders )NP )PP )NP )PP , (NP the minimum wage )NP (VP would (VP rise (PP from (NP (NP the current $ *UNKN )NP (NP an hour )NP )NP )PP (PP to (NP (NP $ 4.25 )NP (NP an hour )NP )NP )PP (PP by (NP April 1991 )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP could (ADVP also )ADVP (VP (VP pay (NP a *UNK `` training wage '' )NP (PP for (NP 90 days )NP )PP (PP to (NP (NP new workers )NP (SBAR (WHNP who )WHNP (S (VP are (ADJP (NP (QP up to 19 )QP years )NP old )ADJP )VP )S )SBAR )NP )PP )VP , and (ADVP then )ADVP (VP (PP for (NP another 90 days )NP )PP (SBAR if (S (NP the company )NP (VP *UNK (NP (NP a specific training program )NP (PP for (NP the *UNK )NP )PP )NP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP White House officials )NP (VP were (ADJP *UNKED (SBAR that (S (NP the compromise )NP (VP includes (NP (NP the concept )NP (PP of (NP (NP a training wage )NP , (SBAR (WHNP which )WHNP (S (NP Mr. Bush )NP (VP has (VP fought (PP for )PP (PP throughout (NP the year )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )ADJP )VP . )S  STOP
(SINV `` (S (PP For (NP (NP the first time )NP (PP in (NP history )NP )PP )NP )PP , (NP we )NP (VP have (NP (NP a training wage )NP (SBAR (WHNP that )WHNP (S (VP will (VP be (NP (NP part )NP '' (PP of (NP (NP the nation 's )NP labor laws )NP )PP )NP )VP )VP )S )SBAR )NP )VP )S , (VP said )VP (NP (NP Roger *UNKC )NP , (NP (NP assistant )NP (PP to (NP the president )NP )PP (PP for (NP (ADJP economic and domestic )ADJP policy )NP )PP )NP )NP . )SINV  STOP
(S (NP White House aides )NP (VP said (SBAR that (S (SBAR although (S (NP they )NP (VP made (NP (NP a small compromise )NP (PP on (NP (NP the *UNK )NP (PP of (NP a training wage )NP )PP )NP )PP )NP )VP )S )SBAR , (NP the final *UNK- increase )NP (VP will (VP meet (NP (NP the standards )NP (VP set (PP by (NP Mr. Bush )NP )PP )VP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP The bill )NP (VP *UNKED (PP by (NP the president )NP )PP (PP in (NP June )NP )PP )VP )NP , (SBAR (WHNP which )WHNP (S (NP the House )NP (VP failed (S (VP to (VP *UNK )VP )VP )S )VP )S )SBAR , )NP (VP would (VP have (VP lifted (NP the minimum wage )NP (PP to (NP (NP $ *UNKN )NP (NP an hour )NP )NP )PP (PP by (NP late 1991 )NP )PP , (PP with (NP (NP a training wage )NP (PP for (NP (QP up to two )QP months )NP )PP , (PP (ADVP generally )ADVP for (NP (NP a worker 's )NP first job )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP Mr. Bush )NP (VP had (VP been (VP holding (ADVP out )ADVP (PP for (NP (NP (NP a bill )NP (VP boosting (NP the wage floor )NP (PP to (NP (NP $ 4.25 )NP (NP an hour )NP )NP )PP (PP by (NP (NP the end )NP (PP of (NP 1991 )NP )PP )NP )PP )VP )NP , (VP *UNKED (PP with (NP (NP a six-month training wage )NP (PP for (NP (NP workers )NP (VP (ADVP newly )ADVP hired (PP by (NP any employer )NP )PP )VP )NP )PP )NP )PP )VP )NP )PP )VP )VP )VP . )S  STOP
(S (PP Under (NP the compromise )NP )PP , (NP the (ADJP $ 4.25 )ADJP level )NP (VP would (VP be (VP reached (ADVP (NP nine months )NP earlier )ADVP , (SBAR while (S (NP the training *UNK )NP (VP would (VP be (ADJP *UNK )ADJP )VP )VP )S )SBAR , (SBAR unless (S (NP it )NP (VP is (VP tied (PP to (NP a training plan )NP )PP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP Democrats )NP (VP argued (SBAR that (S (NP the training wage )NP (VP was (NP (NP a way )NP (PP of (S (VP allowing (S (NP employers )NP (VP to (VP pay (NP (NP less )NP (PP than (NP the minimum wage )NP )PP )NP , (SBAR while (S (NP new workers )NP (VP need (NP (QP far less than six )QP months )NP (S (VP to (VP be (VP *UNKED (PP for (NP their jobs )NP )PP )VP )VP )VP )S )VP )S )SBAR )VP )VP )S )VP )S )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Democrats )NP (VP had (VP been (VP negotiating (PP with (NP some Republican congressional leaders )NP )PP (PP on (NP a compromise )NP )PP (ADVP lately )ADVP )VP )VP )VP . )S  STOP
(S (PP With (NP (NP congressional elections )NP (NP next year )NP )NP )PP , (NP GOP leaders )NP (VP have (VP worried (PP about (S (VP opposing (NP (NP a *UNK- rise )NP (PP for (NP *UNK- workers )NP )PP )NP (PP at (NP (NP a time )NP (SBAR (WHADVP when )WHADVP (S (NP Congress )NP (VP is (VP moving (PP toward (NP (NP a capital-gains tax cut )NP (SBAR (WHNP that )WHNP (S (VP would (VP (ADVP directly )ADVP benefit (NP *UNK taxpayers )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S (NP Republicans )NP (VP have (VP been (VP *UNKING (NP the White House )NP (S (VP to (VP compromise (PP on (NP the wage issue )NP )PP )VP )VP )S )VP )VP )VP . )S  STOP
(S (S (PP In (NP the Senate )NP )PP , (NP (NP (NP Edward Kennedy )NP (PRN -LRB- (NP D. )NP , (NP Mass. )NP -RRB- )PRN , (NP (NP chairman )NP (PP of (NP the Labor Committee )NP )PP )NP )NP , and (NP (NP *UNKC *UNKC )NP , (PRN -LRB- (NP R. )NP , (NP *UNKC . )NP -RRB- )PRN (NP (NP *UNKING minority member )NP (PP of (NP the Budget Committee )NP )PP )NP )NP , )NP (VP have (VP been (VP working (PP on (NP a compromise )NP )PP )VP )VP )VP )S , and (S (S (NP their *UNK )NP (VP showed (SBAR that (S (NP the Senate )NP (VP appeared (S (VP to (VP be (VP heading (PP toward (NP enough strength (S (VP to (VP override (NP another Bush veto )NP )VP )VP )S )NP )PP )VP )VP )VP )S )VP )S )SBAR )VP )S , (NP a Democratic staff official )NP (VP said )VP )S . )S  STOP
(S (NP The House )NP (VP is (VP scheduled (S (VP to (VP vote (NP this week )NP (PP on (NP (NP the compromise )NP , (PP as (NP (NP a *UNK )NP (PP to (NP (NP a new Democratic bill )NP , (NP (NP itself )NP (VP *UNKED (ADVP down )ADVP (PP from (NP (NP last spring 's )NP version )NP )PP )VP )NP )NP )PP )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP The Senate )NP (VP will (ADVP probably )ADVP (VP vote (ADVP (NP not long )NP *UNK )ADVP )VP )VP . )S  STOP
(S (NP Some Democrats )NP (VP thought (SBAR (S (NP they )NP (VP might (VP have (VP *UNKED (ADVP too much )ADVP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Rep. *UNKC Murphy )NP (PRN -LRB- (NP D. )NP , (NP Pa. )NP -RRB- )PRN , (NP (NP chairman )NP (PP of (NP the House labor standards subcommittee )NP )PP )NP , )NP (VP said (SBAR (S (NP they )NP (VP might (VP have (VP done (ADVP better )ADVP `` (SBAR if (S (NP we )NP (VP 'd (VP held (NP their feet )NP (PP to (NP the fire )NP )PP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (S (NP Mr. Kennedy )NP (VP suggested (SBAR (S (NP Democrats )NP `` (VP *UNKED (NP a great deal )NP '' (PP on (NP (NP the size )NP (PP of (NP the increase )NP )PP )NP )PP )VP )S )SBAR )VP )S , but (S (NP he )NP (VP cited (NP (NP (NP concessions )NP (PP from (NP the White House )NP )PP (PP on (NP the training wage )NP )PP )NP , (SBAR (WHNP which )WHNP (S (PRN (S (NP he )NP (VP said )VP )S )PRN (VP make (S (NP it )NP `` (ADJP less *UNK )ADJP )S )VP )S )SBAR )NP )VP )S . '' )S  STOP
(S (S (SBAR With (S (NP only (NP *UNK- )NP to (NP *UNK- )NP )NP (ADJP eligible )ADJP )S )SBAR , (NP (NP 68 % )NP (PP of (NP (NP (NP workers )NP (VP getting (NP (NP (QP less than $ 4.25 )QP )NP (NP an hour )NP )NP )VP )NP , (SBAR (WHNP who )WHNP (S (VP are (NP adults )NP )VP )S )SBAR , )NP )PP )NP (VP wo n't (VP be (ADJP subject (PP to (NP the training wage )NP )PP )ADJP )VP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (NP (NP The *UNKC )NP , (SBAR (WHNP which )WHNP (S (ADVP previously )ADVP (VP opposed (NP (NP the administration 's )NP *UNK idea )NP )VP )S )SBAR , )NP (VP said (SBAR (S (NP the compromise )NP (VP has `` (NP adequate *UNK )NP , (SBAR so (S (S (NP the *UNK )NP (VP are not (VP *UNKED )VP )VP )S and (S (NP older workers )NP (VP are not (VP *UNKED )VP )VP )S )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (NP Gerald F. *UNKC )NP (VP contributed (PP to (NP this article )NP )PP )VP . )S  STOP
(S (NP (NP Moody 's )NP Investors Service Inc. )NP (VP said (SBAR (S (NP it )NP (VP lowered (NP (NP the ratings )NP (PP on (NP (NP (QP about $ *UNKN billion )QP )NP (PP of (NP (NP Houston *UNKING & Power Co. 's )NP securities )NP )PP )NP )PP )NP (PP because of (NP (NP (NP the company 's )NP low levels )NP (PP of (NP (NP interest coverage )NP and (NP internal cash generation )NP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Houston *UNKING )NP (VP is (NP (NP a unit )NP (PP of (NP (NP Houston Industries Inc. )NP , (NP (NP a utility holding company )NP (PP in (NP Houston )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (SINV (VP *UNKED (PP by (NP Moody 's )NP )PP )VP (VP were )VP (NP (NP Houston *UNKING 's )NP (NX (NX *UNK- bonds )NX and (NX secured *UNK- bonds )NX )NX )NP (PP to (NP *UNK- )NP )PP (PP from (NP *UNK- )NP )PP )SINV ; (SINV (NP unsecured *UNK- bonds )NP (PP to (NP *UNKC )NP )PP (PP from (NP *UNK- )NP )PP )SINV ; (SINV (NP preferred stock )NP (PP to (NP *UNK- )NP )PP (PP from (NP *UNK- )NP )PP )SINV ; (SINV (NP (NP a shelf registration )NP (PP for (NP preferred stock )NP )PP )NP (PP to (NP (NP a preliminary rating )NP (PP of (NP single-A-3 )NP )PP )NP )PP (PP from (NP (NP a preliminary rating )NP (PP of (NP single-A-2 )NP )PP )NP )PP )SINV ; (SINV (NP (NP two shelf *UNK )NP (PP for (NP *UNKED debt securities )NP )PP )NP (PP to (NP (NP a preliminary rating )NP (PP of (NP single-A-3 )NP )PP )NP )PP (PP from (NP (NP a preliminary rating )NP (PP of (NP single-A-2 )NP )PP )NP )PP )SINV , and (SINV (NP (NP (NP the unit 's )NP rating )NP (PP for (NP commercial paper )NP )PP )NP (PP to (NP *UNKC )NP )PP (PP from (NP *UNKC )NP )PP )SINV . )S  STOP
(S (NP Moody 's )NP (VP said (SBAR (S (NP (NP Houston *UNKING 's )NP current situation )NP (VP has (NP (NP some positive aspects )NP , (PP including (S (VP managing `` (ADVP very well )ADVP '' (NP (NP the construction and commercial operation risks )NP (PP of (NP (NP *UNKC 1 and 2 )NP (PP of (NP the South Texas *UNKC nuclear power plant )NP )PP )NP )PP )NP )VP )S )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (S (NP Capital requirements )NP (VP will (VP be (VP declining )VP )VP )VP )S and (S (NP no new *UNKING facilities )NP (VP will (VP be (VP required )VP )VP )VP )S (PP for (NP several years )NP )PP )S , (NP Moody 's )NP (VP said )VP . )S  STOP
(S (NP (NP Scott C. Smith )NP , (NP (NP (ADVP formerly )ADVP (NP (NP vice president )NP , (NP finance )NP , )NP and (NP chief financial officer )NP )NP (PP of (NP this media concern )NP )PP )NP , )NP (VP was (VP named (S (NP senior vice president )NP )S )VP )VP . )S  STOP
(S (NP (NP Mr. Smith )NP , (NP 39 )NP , )NP (VP retains (NP (NP the title )NP (PP of (NP chief financial officer )NP )PP )NP )VP . )S  STOP
(S (NP Armstrong World Industries Inc. )NP (VP agreed (PP in (NP principle )NP )PP (S (VP to (VP sell (NP its *UNK operations )NP (PP to (NP *UNKC Industries Inc )NP )PP )VP )VP )S )VP . )S  STOP
(S (S (NP The price )NP (VP was n't (VP disclosed )VP )VP )S but (S (NP one analyst )NP (VP estimated (SBAR that (S (NP it )NP (VP was (NP (QP $ 150 million )QP )NP )VP )S )SBAR )VP )S . )S  STOP
(S (NP (NP Armstrong )NP , (SBAR (WHNP which )WHNP (S (VP has (VP faced (NP (NP a takeover threat )NP (PP from (NP (NP the *UNKC family )NP (PP of (NP Canada )NP )PP )NP )PP )NP (PP since (NP July )NP )PP )VP )VP )S )SBAR , )NP (VP said (SBAR that (S (S (VP *UNKING (PP of (NP the *UNK business )NP )PP )VP )S (VP would (VP improve `` (NP total financial performance )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP The move )NP (ADVP also )ADVP (VP would (VP allow (S (NP the company )NP (VP to (VP concentrate (PP on (NP (NP core businesses )NP , (SBAR (WHNP which )WHNP (S (VP include (NP (NP *UNK *UNK )NP , (NP floor *UNK )NP and (NP furniture )NP )NP )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP such a sale )NP (VP could (VP help (S (NP Armstrong )NP (VP (VP *UNK (NP its investors )NP )VP and (VP *UNK (NP (NP the *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP own (NP (NP a (ADJP *UNKN % )ADJP stake )NP (PP in (NP the (NAC *UNKC , Pa. , )NAC company )NP )PP )NP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Analysts )NP (VP expect (S (NP Armstrong )NP (VP to (VP use (NP (NP proceeds )NP (PP of (NP the sale )NP )PP )NP (S (VP to (VP (VP reduce (NP debt )NP )VP , (VP buy (PRT back )PRT (NP stock )NP )VP or (VP (ADVP perhaps )ADVP finance (NP an acquisition )NP )VP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP The *UNK division )NP (VP had (NP (NP 1988 sales )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP (QP almost 14 )QP % )NP (PP of (NP (NP Armstrong 's )NP (ADJP (QP $ *UNKN billion )QP )ADJP total revenue )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (NP The company )NP (VP has (VP been (VP manufacturing (NP carpet )NP (PP since (NP *UNKN )NP )PP )VP )VP )VP . )S  STOP
(S (ADVP Recently )ADVP (NP it )NP (VP *UNKED (NP its plants )NP (SBAR so that (S (NP it )NP (VP could (VP make (NP (NP *UNK- products )NP (PP with (NP (ADJP higher quality )ADJP *UNK )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP the past year (QP or two )QP )NP )PP , (NP (NP the carpet division 's )NP operating profit margins )NP (VP have (VP *UNKED (PP around (NP (NP 5 % )NP , (ADJP (ADJP high (PP by (NP industry standards )NP )PP )ADJP , but (ADJP disappointing (PP compared (PP with (NP (NP the (ADJP (QP 13 % to 19 % )QP )ADJP margins )NP (PP for (NP (NP (NP two )NP (PP of (NP (NP Armstrong 's )NP chief businesses )NP )PP )NP , (NP *UNKING and building products )NP )NP )PP )NP )PP )PP )ADJP )ADJP )NP )PP )VP )VP . )S  STOP
(S (NP Analysts )NP (VP *UNKED (NP the planned transaction )NP (PP as (S (VP being (ADJP beneficial (PP to (NP (NP Armstrong )NP and (NP (NP *UNKC )NP , (NP (NP the market leader )NP (PP in (NP the U.S. carpet industry )NP )PP )NP , (PP with (NP an estimated (ADJP (QP 17 % to 20 % )QP )ADJP share )NP )PP )NP )NP )PP )ADJP )VP )S )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (VP based (PP in (NP (NP *UNKC )NP , (NP *UNKC )NP )NP )PP )VP , )NP (VP (VP has (NP (NP annual sales )NP (PP of (NP (QP about $ *UNKN billion )QP )NP )PP )NP )VP , and (VP has (NP (NP (NP economies )NP (PP of (NP scale )NP )PP )NP and (NP (NP lower *UNK- costs )NP (SBAR (WHNP that )WHNP (S (VP are (VP expected (S (VP to (VP boost (NP (NP the profitability )NP (PP of (NP (NP (NP Armstrong 's )NP brands )NP , (VP sold (PP under (NP the Armstrong and *UNKC names )NP )PP )VP )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )NP )NP )VP )VP . )S  STOP
(S (NP Yesterday )NP , (PP in (NP composite trading )NP )PP (PP on (NP the New York Stock Exchange )NP )PP , (NP (NP *UNKC 's )NP shares )NP (VP closed (ADVP *UNK- )ADVP (PP at (NP $ *UNKN )NP )PP , (ADVP up (NP $ 2.25 )NP )ADVP )VP . )S  STOP
(S (NP (NP (NP Armstrong 's )NP shares )NP , (VP (ADVP also )ADVP listed (PP on (NP the Big Board )NP )PP )VP , )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP up (NP 12.5 cents )NP )ADVP )VP . )S  STOP
(S (NP Yesterday )NP , (NP Armstrong )NP (VP reported (NP (NP (NP flat earnings )NP (PP for (NP (NP the third quarter )NP and (NP nine months )NP )NP )PP )NP , (VP *UNKED (PP by (NP (NP the stock *UNK )NP (PP of (NP (NP an employee stock ownership plan )NP (VP adopted (NP earlier this year )NP )VP )NP )PP )NP )PP )VP )NP )VP . )S  STOP
(S (PP For (NP the quarter )NP )PP , (NP earnings )NP (VP were (NP (NP (NP (QP $ 47 million )QP )NP , or (NP (NP *UNK cents )NP (NP a share )NP )NP , )NP (PP including (NP (NP a one-time gain )NP (PP of (NP (QP $ 5.9 million )QP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP the year-ago quarter )NP )PP , (NP earnings )NP (VP were (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 93 cents )NP (NP a share )NP )NP )NP )VP . )S  STOP
(S (NP Yesterday )NP , (NP Armstrong )NP (VP announced (NP an agreement (S (VP to (VP sell (NP its small *UNKED *UNKC Systems unit )NP (PP to (NP (NP a subsidiary )NP (PP of (NP (NP the Swiss company )NP , (NP *UNKC *UNKC Ltd )NP )NP )PP )NP )PP )VP )VP )S )NP )VP . )S  STOP
(S (NP The price )NP (VP was n't (VP disclosed )VP )VP . )S  STOP
(S (NP Armstrong )NP (VP expects (S (VP to (VP (VP close (NP (NP the sale )NP (PP of (NP the color unit )NP )PP )NP (PP in (NP late November )NP )PP )VP and (VP (NP the carpet sale )NP (PP in (NP December )NP )PP )VP , (SBAR with (S (NP the gains )NP (VP to (VP be (VP applied (PP to (NP (UCP fourth quarter or *UNK- )UCP results )NP )PP )VP )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (S (NP (NP The government 's )NP primary *UNKING *UNK )NP (VP rose (NP a slight 0.2 % )NP (PP in (NP September )NP )PP )VP )S , but (S (NP economists )NP (VP said (SBAR (S (NP the report )NP (VP offered (NP (NP little new information )NP (PP on (NP (NP the degree )NP (SBAR (WHPP to (WHNP which )WHNP )WHPP (S (NP the U.S. economy )NP (VP is (VP slowing )VP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )VP )S . )S  STOP
(S (NP (NP The small increase )NP (PP in (NP (NP (NP the index )NP (PP of (NP leading indicators )NP )PP )NP , (SBAR (WHNP which )WHNP (S (S (VP had (VP climbed (NP *UNKN % )NP (PP in (NP August )NP )PP )VP )VP )S but (S (VP was (ADJP unchanged )ADJP (PP in (NP July )NP )PP )VP )S )S )SBAR , )NP )PP )NP (VP does (VP lend (NP support )NP (PP to (NP the view (SBAR that (S (NP the economy )NP (VP has (VP slowed (ADVP *UNKLY )ADVP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (ADVP However )ADVP , (NP it )NP (VP does n't (VP give (NP (NP much )NP (PP of (NP (NP a *UNK )NP (PP as (PP to (SBAR whether (S (NP a recession )NP (VP is (PP on (NP the *UNK )NP )PP )VP )S )SBAR )PP )PP )NP )PP )NP )VP )VP . )S  STOP
(SINV `` (S (NP I )NP (VP do n't (VP think (SBAR (S (NP it )NP (VP provides (NP (NP much new information )NP (PP on (NP the economy )NP )PP )NP )VP )S )SBAR )VP )VP )S , '' (VP said )VP (NP (NP Richard *UNKC )NP , (NP (NP economist )NP (PP at (NP Dean Witter Reynolds Inc )NP )PP )NP )NP . )SINV  STOP
(S (ADVP So far )ADVP (NP this year )NP , (NP (NP the index )NP (PP of (NP leading indicators )NP )PP )NP (VP has (VP (VP risen (PP in (NP four months )NP )PP )VP , (VP fallen (PP in (NP four months )NP )PP )VP and (VP remained (ADJP unchanged )ADJP (PP in (NP the other month )NP )PP )VP )VP )VP . )S  STOP
(S (PP In (NP another report )NP )PP (NP yesterday )NP , (NP the Commerce Department )NP (VP said (SBAR (S (NP (NP sales )NP (PP of (NP new *UNKLY houses )NP )PP )NP (VP plunged (NP 14 % )NP (PP in (NP September )NP )PP (PP to (NP (NP an annual rate )NP (PP of (NP *UNKN )NP )PP )NP )PP (PP from (NP *UNKN )NP (PP in (NP August )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The declines )NP (VP were (VP (ADVP particularly )ADVP *UNKED (PP (PP in (NP the Northeast )NP )PP and (PP in (NP (NP the South )NP , (SBAR (WHADVP where )WHADVP (S (NP Hurricane Hugo )NP (VP was (NP a factor )NP )VP )S )SBAR )NP )PP )PP )VP )VP . )S  STOP
(S (SBAR Although (S (NP (NP September 's )NP weakness )NP (VP followed (NP (NP two strong months )NP (PP for (NP home sales )NP )PP )NP )VP )S )SBAR , (NP the decline )NP (VP supports (NP other indications (SBAR that (S (NP (NP the drop )NP (PP in (NP mortgage rates )NP )PP (NP earlier this year )NP )NP (VP has (VP had (NP (NP only a limited beneficial effect )NP (PP on (NP the housing market )NP )PP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP The September drop )NP (VP was (NP the largest )NP (PP since (NP (NP a (ADJP 19 % )ADJP drop )NP (PP in (NP January 1982 )NP )PP )NP )PP )VP )S , but (S (NP (NP monthly changes )NP (PP in (NP this measure )NP )PP )NP (VP are (ADJP (ADJP (ADVP even less )ADVP *UNK )ADJP (PP than (NP (NP those )NP (PP in (NP other economic indicators )NP )PP )NP )PP )ADJP )VP )S . )S  STOP
(S (SBAR Because (S (NP the figures )NP (VP are (VP based (PP on (NP a small *UNK )NP )PP )VP )VP )S )SBAR , (NP the department )NP (VP said (SBAR (S (NP it )NP (VP is (ADJP (NP 90 % )NP confident (SBAR only that (S (NP *UNK- sales )NP (VP fell (ADVP somewhere (PP between (NP (NP 5 % )NP and (NP 23 % )NP )NP )PP )ADVP (PP during (NP the month )NP )PP )VP )S )SBAR )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP The department )NP (ADVP also )ADVP (VP said (SBAR (S (NP (NP it )NP )NP (VP takes (NP four months )NP (S (VP to (VP establish (NP a trend )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (ADVP So far )ADVP (NP this year )NP , (NP (NP *UNKN (ADJP newly built )ADJP homes )NP )NP (VP have (VP been (VP sold , (ADVP down (NP 4.5 % )NP (PP from (NP (NP the like months )NP (PP of (NP 1988 )NP )PP )NP )PP )ADVP )VP )VP )VP . )S  STOP
(S (NP (NP The index )NP (PP of (NP leading indicators )NP )PP )NP (VP got (NP a major boost )NP (PP in (NP September )NP )PP (PP from (NP (NP a surge )NP (PP in (NP consumer expectations )NP )PP )NP )PP (SBAR as (S (VP measured (PP by (NP (NP the University )NP (PP of (NP Michigan )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP This measure )NP (VP had (VP dropped (ADVP sharply )ADVP (PP in (NP August )NP )PP )VP )VP . )S  STOP
(S (NP The Commerce Department )NP (VP said (SBAR that (S (PP as (NP (NP a result )NP (PP of (NP (NP a new adjustment )NP (PP to (NP (NP the formula )NP (VP used (S (VP to (VP *UNK (NP the index )NP )VP )VP )S )VP )NP )PP )NP )PP )NP )PP , (NP (NP the influence )NP (PP of (NP this *UNK )NP )PP )NP (VP has (VP been (VP reduced )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Of (NP (NP the 11 components )NP (PP to (NP the index )NP )PP )NP )PP , (NP (NP (NP (QP only three )QP others )NP )NP )NP (VP rose (PP in (NP September )NP )PP : (NP (NP the money supply )NP , (NP (NP the length )NP (PP of (NP the average work week )NP )PP )NP and (NP stock prices )NP )NP )VP . )S  STOP
(S (NP (NP Several components )NP (SBAR (WHNP that )WHNP (S (VP track (NP (NP the health )NP (PP of (NP (NP the manufacturing sector )NP (PP of (NP the economy )NP )PP )NP )PP )NP )VP )S )SBAR )NP (VP turned (ADVP down )ADVP (PP in (NP September )NP )PP )VP . )S  STOP
(S (NP These )NP (VP include (NP (NP (NP new orders )NP (PP for (NP manufactured consumer goods )NP )PP )NP , (NP (NP lead times )NP (PP on (NP *UNK *UNK )NP )PP )NP , (NP (NP orders )NP (PP for (NP new plant and equipment )NP )PP )NP , and (NP (NP *UNK )NP (PP of (NP (NP orders )NP (PP for (NP durable goods )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP the National Association )NP (PP of (NP Manufacturers )NP )PP )NP (VP said (NP yesterday )NP (SBAR (S (NP (NP a recent poll )NP (PP of (NP (NP 53 executives )NP (PP on (NP its board )NP )PP )NP )PP )NP (VP found (SBAR that (S (NP 61 % )NP (VP do n't (VP expect (S (NP a recession )NP (VP to (VP occur (PP until (UCP (NP 1991 )NP or (ADVP later )ADVP )UCP )PP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP The remainder )NP (VP expect (S (NP a downturn )NP (VP to (VP begin (FRAG (PP (ADVP *UNK )ADVP in )PP )FRAG )VP )VP )S )VP )S  STOP
(S (SBAR Although (S (NP manufacturers )NP (ADVP often )ADVP (VP are (ADJP quick (S (VP to (VP call (PP for (NP lower interest rates )NP )PP )VP )VP )S )ADJP )VP )S )SBAR , (NP (NP 60 % )NP (PP of (NP the executives )NP )PP )NP (VP said (SBAR (S (NP they )NP (VP would (VP prefer (SBAR that (S (NP the Fed )NP (VP keep (NP *UNKING )NP (PP as (NP its top priority )NP )PP (SBAR even if (S (NP that )NP (VP means (NP higher rates )NP )VP )S )SBAR )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The other 40 % )NP (VP said (SBAR (S (NP the Fed )NP (VP ought (S (VP to (VP (VP worry (ADVP less )ADVP (PP about (NP inflation )NP )PP )VP and (VP bring (NP interest rates )NP (ADVP down )ADVP )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP All the figures )NP (VP are (VP adjusted (S (VP to (VP remove (NP usual seasonal *UNK )NP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP Here )ADVP (VP are )VP (NP (NP the net contributions )NP (PP of (NP (NP the components )NP (PP of (NP (NP (NP the Commerce Department 's )NP index )NP (PP of (NP leading indicators )NP )PP )NP )PP )NP )PP )NP . )S  STOP
(S (PP After (NP various adjustments )NP )PP , (NP they )NP (VP produced (NP (NP (NP a (ADJP *UNKN % )ADJP rise )NP (PP in (NP the index )NP )PP (PP for (NP August )NP )PP )NP and (NP (NP a (ADJP 0.2 % )ADJP rise )NP (PP for (NP September )NP )PP )NP )NP )VP . )S  STOP
(S (NP (NP September )NP , and (NP (NP the change )NP (PP from (NP August )NP )PP )NP , )NP (VP are : (PP from (NP (NP *UNKN )NP (PP in (NP the previous month )NP )PP )NP )PP )VP . )S  STOP
(S (NP Boston *UNKC Co. )NP (VP said (SBAR (S (NP it )NP (VP will (VP take (NP (NP a (ADJP previously reported )ADJP (ADJP (QP $ 60 million )QP )ADJP charge )NP (PP against (NP earnings )NP )PP )NP (PP in (NP the fourth quarter )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The charge )NP (VP resulted (PP from (NP (NP a settlement )NP (VP approved (NP yesterday )NP (PP by (NP (NP the Massachusetts Department )NP (PP of (NP Public *UNKC )NP )PP )NP )PP )VP )NP )PP )VP . )S  STOP
(S (SBAR As (S (VP expected )VP )S )SBAR , (NP the settlement )NP (VP (VP limits (NP rate increases )NP (PP for (NP three years )NP )PP )VP and (VP ties (NP (NP future charges )NP (PP to (NP customers )NP )PP (PP for (NP (NP operation )NP (PP of (NP the troubled *UNKC *UNKC Power *UNKC )NP )PP )NP )PP )NP (PP to (NP (NP that plant 's )NP performance )NP )PP )VP )VP . )S  STOP
(S (PP In (NP its order )NP )PP , (NP the state regulatory agency )NP (VP said (SBAR (S (NP the company )NP `` (VP must (VP be (VP held (S (ADJP *UNK (PP for (NP (NP the *UNK )NP (VP made (PP in (NP (NP the management )NP (PP of (NP (NP the plant 's )NP operation )NP )PP )NP )PP )VP )NP )PP )ADJP )S )VP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP *UNKC )NP (VP had (VP been (ADJP closed )ADJP (PP for (NP 32 months )NP )PP )VP )VP . )S  STOP
(S (NP The average interest rate )NP (VP rose (PP to (NP *UNKN % )NP )PP (PP at (NP (NP (NP Citicorp 's )NP (ADJP (QP $ 50 million )QP )ADJP weekly auction )NP (PP of (NP (NP *UNK- commercial paper )NP , or (NP corporate *UNKC )NP )NP )PP )NP )PP , (PP from (NP *UNKN % )NP (PP at (NP (NP last week 's )NP sale )NP )PP )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP (VP totaling (NP (QP $ *UNKN million )QP )NP )VP )NP (VP were (VP submitted )VP )VP . )S  STOP
(S (NP *UNKED bids )NP (VP *UNKED (PP (PP from (NP *UNKN % )NP )PP (PP to (NP *UNKN % )NP )PP )PP )VP . )S  STOP
(S (NP Citicorp )NP (ADVP also )ADVP (VP said (SBAR that (S (NP the average rate )NP (VP rose (PP to (NP *UNKN % )NP )PP (PP at (NP (NP its (ADJP (QP $ 50 million )QP )ADJP auction )NP (PP of (NP *UNK- commercial paper )NP )PP )NP )PP (PP from (NP *UNKN % )NP (PP at (NP (NP last week 's )NP sale )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (VP totaling (NP (QP $ *UNKN million )QP )NP )VP )NP (VP were (VP submitted )VP )VP . )S  STOP
(S (NP *UNKED bids )NP (VP *UNKED (PP (PP from (NP 8 % )NP )PP (PP to (NP *UNKN % )NP )PP )PP )VP . )S  STOP
(S (NP The bank holding company )NP (VP will (VP auction (NP (NP (QP another $ 50 million )QP )NP (PP in (NP each maturity )NP )PP )NP (NP next Tuesday )NP )VP )VP . )S  STOP
(S (S (NP (NP An *UNK *UNK )NP (VP writing (NP (NP a *UNK )NP (PP about (NP *UNK *UNKING )NP )PP )NP )VP )NP (VP might (VP *UNK (NP a *UNKC *UNKC )NP )VP )VP )S , but (S (NP it )NP (VP 's (ADJP unlikely )ADJP )VP )S . )S  STOP
(S (NP It )NP (VP 's (ADVP also )ADVP (ADJP unnecessary )ADJP )VP . )S  STOP
(S (NP *UNKC *UNK- *UNKC Stoll )NP (VP is (NP (NP a real person )NP , or (SBAR as (S (NP he )NP (VP might (ADVP *UNKLY )ADVP (VP put (NP it )NP )VP )VP )S )SBAR , (NP a *UNK person )NP )NP )VP . )S  STOP
(S (NP He )NP (VP is (NP (NP 37 )NP , (NP (NP an *UNK )NP (PP with (NP impressive *UNK )NP )PP )NP , and (NP (NP something )NP (PP of (NP (NP a *UNK )NP (PP at (S (VP making (S (NP computers )NP (VP do (NP his bidding )NP )VP )S )VP )S )PP )NP )PP )NP )NP )VP . )S  STOP
(S (NP He )NP (ADVP once )ADVP (VP (VP described (NP himself )NP (PP as (NP a `` Berkeley *UNKC )NP )PP )VP , '' and (VP played (NP (NP the role )NP )NP (ADVP well )ADVP ; (NP (NP *UNK *UNKED *UNK )NP , (NP (NP a *UNK )NP (PP of (NP long hair )NP )PP )NP and (NP (NP rejection )NP (PP of (NP (NP (NP all things )NP (ADJP conventional )ADJP )NP , (PP including (PRN , (PP for (NP a time )NP (ADVP at least )ADVP )PP , )PRN (NP (NP formal *UNK )NP (PP to (NP (NP his `` *UNK )NP , '' (NP *UNKC *UNKC )NP )NP )PP )NP )PP )NP )PP )NP )NP )VP )VP . )S  STOP
(S (NP He )NP (ADVP also )ADVP (VP is (NP an *UNKING writer )NP , (S (VP combining (NP *UNK and *UNK )NP (PP with (NP (NP *UNK detail )NP and (NP (NP *UNK *UNK )NP (PP of (SBAR (WHADVP how )WHADVP (S (NP computers )NP (VP work )VP )S )SBAR )PP )NP )NP )PP )VP )S )VP . )S  STOP
(S (PP In (NP `` (NP (NP The *UNKC 's )NP Egg )NP '' (PRN -LRB- (NP *UNKC )NP , (NP *UNKN pages )NP , (NP $ *UNKN )NP -RRB- )PRN )NP )PP , (NP he )NP (VP *UNK (NP (NP a remarkable *UNK )NP (PP of (NP (NP his efforts )NP (PP over (NP 18 months )NP )PP (S (VP to (VP catch (NP a computer spy )NP )VP )VP )S )NP )PP )NP )VP . )S  STOP
(S (NP The result )NP (NP last spring )NP (VP was (NP (NP the arrest )NP (PP by (NP (ADJP West German )ADJP authorities )NP )PP (PP of (NP (NP five young West Germans )NP , (VP accused (PP of (S (VP (VP *UNKING (NP information )NP (PP from (NP (NP computers )NP (PP in (NP (NP the U.S. )NP and (NP Europe )NP )NP )PP )NP )PP )VP and (VP selling (NP it )NP (PP to (NP the Soviet *UNKC )NP )PP )VP )VP )S )PP )VP )NP )PP )NP )VP . )S  STOP
(S (NP (NP (NP One )NP (PP of (NP them )NP )PP )NP , (NP (NP *UNK- *UNKC *UNKC )NP (PP of (NP *UNKC )NP )PP )NP , )NP (ADVP allegedly )ADVP (VP used (NP the international telecommunications network )NP (S (VP to (VP break (PP into (NP (NP (QP more than 30 )QP *UNK- computers )NP (PP in (NP the U.S. )NP )PP )NP )PP , (S (VP *UNKING (PP for (NP *UNK )NP )PP )VP )S )VP )VP )S )VP . )S  STOP
(S (S (NP He )NP (ADVP probably )ADVP (VP did n't (VP *UNK (NP any *UNK- *UNK )NP )VP )VP )S , but (S (NP (NP the *UNKC )NP (PP in (NP East Berlin )NP )PP )NP (VP was (ADJP willing (S (VP to (VP pay (NP (NP (NP two )NP (PP of (NP his associates )NP )PP )NP , (NP (NP Peter Carl )NP and (NP *UNKC *UNKC )NP )NP , )NP (NP $ 15,000 )NP (PP for (NP (NP some )NP (PP of (NP (NP the material )NP (SBAR (S (NP *UNKC )NP (VP *UNKED )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )ADJP )VP )S . )S  STOP
(S (NP They )NP (VP promised (NP (NP yet more )NP (PP for (NP (ADJP really good )ADJP stuff )NP )PP )NP )VP . )S  STOP
(S (NP Mr. Stoll )NP (VP *UNK (NP his title )NP (PP from (NP (NP (NP the *UNK 's )NP *UNK )NP (PP of (S (VP *UNKING (NP eggs )NP (PP in (NP (NP the *UNK )NP (PP of (NP other *UNK )NP )PP )NP )PP , (S (VP making (S (NP them )NP (NP *UNK parents )NP )S )VP )S )VP )S )PP )NP )PP )VP . )S  STOP
(S (NP The computer spy )NP (VP had (VP discovered (SBAR that (S (NP (NP a popular *UNK mail program )NP (VP called (S (NP *UNKC )NP )S )VP )NP (VP could (VP do (NP *UNK )NP (PP with (NP (NP the (ADJP widely used )ADJP *UNKC operating system )NP (VP created (PP by (NP AT&T )NP )PP )VP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (VP Using (NP *UNKC )NP )VP )S , (NP the spy )NP (VP could (VP substitute (NP a *UNK `` *UNK '' program )NP (PP for (NP (NP the one )NP (SBAR (WHNP that )WHNP (S (ADVP routinely )ADVP (VP *UNK (PRT up )PRT (NP the *UNKC system )NP (NP every five minutes )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (SBAR Once (S (NP (NP his *UNK 's )NP egg )NP (VP was (VP *UNK )VP )VP )S )SBAR , (NP he )NP (VP could (VP (VP enter (NP *UNKC )NP )VP and (VP become (NP (NP a `` *UNK- )NP , '' (PP with (NP (NP access )NP (PP to (NP everything )NP )PP )NP )PP )NP )VP )VP )VP . )S  STOP
(S (NP Mr. Stoll )NP (VP was (VP *UNKING (NP the *UNK )NP (PP at (NP (NP the *UNKC *UNK )NP (PP of (NP the Lawrence Berkeley *UNKC )NP )PP )NP )PP (PP in (NP 1986 )NP )PP (SBAR (WHADVP when )WHADVP (S (S (NP his grant )NP (VP ran (S (ADJP low )ADJP )S )VP )S and (S (NP he )NP (VP was (VP asked (S (VP to (VP switch (PP to (S (VP helping (VP run (NP (NP the *UNK 's )NP computers )NP )VP )VP )S )PP )VP )VP )S )VP )VP )S )S )SBAR )VP )VP . )S  STOP
(S (NP He )NP (VP (VP discovered (NP (NP a *UNK- *UNK )NP (PP in (NP (NP the charges )NP (VP made (PP to (NP various departments )NP )PP )VP (PP for (NP computer time )NP )PP )NP )PP )NP )VP and (VP *UNKED (NP it )NP (PP to (NP (NP (NP a user )NP (VP named (S `` (NP *UNKC )NP )S )VP )NP , '' (SBAR (WHNP who )WHNP (S (VP had (NP no valid billing address )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP Mr. Stoll )NP (VP *UNKED (SBAR (S (NP the *UNK )NP (VP was (NP (NP one )NP (PP of (NP (NP those *UNK students )NP (SBAR (WHNP who )WHNP (S (VP has (NP (NP fun )NP (S (VP breaking (PP into (NP computers )NP )PP )VP )S )NP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S But (PP after (NP much *UNKING )NP )PP , (NP (NP it )NP )NP (VP became (ADJP evident )ADJP (PP to (NP Mr. Stoll )NP )PP , (PP through (NP various *UNK )NP )PP , (SBAR that (S (NP the *UNK )NP (VP was not (PP (PP on (NP the Berkeley *UNK )NP )PP or (PP (ADVP even )ADVP in (NP California )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (VP *UNKING (NP him )NP )VP )S (VP became (NP an *UNK )NP (PP for (NP Mr. Stoll )NP )PP )VP . )S  STOP
(S (NP He )NP (VP made (NP (NP a *UNK *UNK )NP (PP of (NP (NP all the *UNK )NP (SBAR (S (NP he )NP (VP could (VP lay (NP hands )NP (PP on )PP )VP )VP )S )SBAR )NP )PP )NP (SBAR so that (S (NP he )NP (VP could (VP monitor (NP (NP all the telephone lines )NP (VP coming (PP into (NP (NP the *UNK 's )NP computers )NP )PP )VP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP After (S (VP *UNKING (SBAR that (S (NP the *UNK )NP (VP had (VP taken (PRT over )PRT (NP (NP the *UNK account )NP (PP of (NP (NP a legitimate user )NP (VP named (S (NP Joe *UNKC )NP )S )VP )NP )PP )NP )VP )VP )S )SBAR )VP )S )PP , (NP he )NP (VP *UNKED (PRT up )PRT (NP (NP an *UNK system )NP , (PP including (NP a portable *UNK )NP )PP , (SBAR (S (VP to (VP *UNK (NP him )NP (SBAR (WHADVP when )WHADVP (S (NP *UNKC )NP (VP came (PP on (NP the line )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Some *UNK )NP (NP he )NP (VP *UNK (PP under (NP his desk )NP )PP )VP . )S  STOP
(S (NP His boss )NP (VP complained (PP about (NP (NP *UNK )NP (PP of (NP other *UNK )NP )PP )NP )PP )VP . )S  STOP
(S (NP The *UNK )NP (VP was (VP (VP *UNKING (PP over (NP the Berkeley *UNK )NP )PP )VP but (ADVP also )ADVP (VP using (NP (NP Berkeley )NP and (NP other (ADJP easily *UNK )ADJP computers )NP )NP (PP as (NP (NP *UNKING *UNK )NP (PP to (NP (NP the network )NP (PP of (NP computers )NP )PP (VP used (PP by (NP (NP the military )NP and (NP national security agencies )NP )NP )PP )VP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP The White *UNKC missile range )NP and (NP CIA contractor *UNKC Inc. )NP )NP (VP were (PP among (NP the targets )NP )PP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP the *UNK )NP (VP moved )VP )S )SBAR , (NP Mr. Stoll )NP (VP moved (ADVP too )ADVP , (S (VP (VP calling (PRT up )PRT (NP other systems managers )NP (S (VP to (VP *UNK (NP them )NP )VP )VP )S )VP but (VP keeping (S (NP his own system )NP (ADJP open )ADJP (S (VP to (VP avoid (S (VP *UNKING (NP *UNK )NP )VP )S )VP )VP )S )S )VP )VP )S )VP . )S  STOP
(S (ADVP Sometimes )ADVP , (SBAR if (S (NP the *UNK )NP (VP seemed (S (VP to (VP be (PP into (NP a sensitive file )NP )PP )VP )VP )S )VP )S )SBAR , (NP he )NP (VP would (VP drag (NP his *UNK )NP (PP across (NP the *UNK )NP )PP (S (VP to (VP (VP create (NP *UNK )NP )VP or (VP slow (NP the system )NP (PRT down )PRT )VP (S (VP to (VP *UNK (NP his *UNK )NP )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (S (NP The FBI )NP (ADVP initially )ADVP (VP showed (NP little interest )NP )VP )S , and (S (NP he )NP (VP had (NP the *UNK (SBAR (S (NP other federal security agencies )NP (VP were (VP *UNKED (ADVP up )ADVP (PP in (NP legal red tape )NP )PP )VP )VP )S )SBAR )NP )VP )S . )S  STOP
(S (NP The CIA )NP (VP told (NP him )NP (SBAR (S (NP it )NP (VP does not (VP do (NP domestic *UNK )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP One )NP (VP (VP *UNK (NP (NP a lot )NP )NP (PP from (NP this book )NP )PP )VP , or (VP seems (S (VP to )VP )S )VP , (PP about (NP *UNKING federal bureaucracy )NP )PP )VP . )S  STOP
(FRAG `` (FRAG (S (VP *UNKC (S (VP to )VP )S )VP )S )FRAG '' (SBAR because (S (NP (NP it )NP )NP (VP 's (ADJP possible )ADJP (SBAR that (S (NP (NP the CIA )NP and (NP the National Security Agency )NP )NP (VP were (ADJP (ADJP more interested )ADJP (SBAR than (S (NP they )NP (VP let (PRT on )PRT (PP to (NP Mr. Stoll )NP )PP )VP )S )SBAR )ADJP )VP )S )SBAR )VP )S )SBAR . )FRAG  STOP
(S (ADVP Finally )ADVP , (NP he )NP (VP got (NP help )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (NP (NP a major network )NP (VP *UNKING (NP computers )NP )VP )NP )VP . )S  STOP
(S (NP (NP (NP One )NP (PP of (NP its international specialists )NP )PP )NP , (NP Steve White )NP , )NP (VP took (NP (NP a quick interest )NP (PP in (NP (NP Mr. Stoll 's )NP *UNK )NP )PP )NP , (S (ADVP ultimately )ADVP (VP *UNKING (NP the *UNK )NP (PP to (NP West Germany )NP )PP )VP )S )VP . )S  STOP
(S (NP The West Germans )NP (ADVP then )ADVP (VP (VP took (ADVP over )ADVP )VP and (VP (ADVP finally )ADVP found (NP *UNKC Hess )NP )VP )VP . )S  STOP
(S (ADVP Eventually )ADVP , (NP Mr. Stoll )NP (VP was (VP invited (PP to (NP both (NP the CIA )NP and (NP *UNKC )NP )NP )PP (S (VP to (VP brief (NP *UNKING officers )NP (PP on (NP computer theft )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP He )NP (VP *UNKED (NP (NP the *UNK )NP (PP of (NP (NP his *UNKED appearance )NP (PP among (NP these *UNK- *UNK )NP )PP )NP )PP )NP )VP . )S  STOP
(S (S (ADVP Back (PP in (NP Berkeley )NP )PP )ADVP )S , (NP he )NP (VP was (VP (ADVP *UNKLY )ADVP *UNKED (PP by (NP a *UNKING *UNK friend )NP )PP (PP for (S (VP *UNKING (PP with (NP such people )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S (NP He )NP (VP became (ADJP angry )ADJP (PP in (NP return )NP )PP )VP . )S  STOP
(S (NP He )NP (VP had (VP developed (NP (NP (NP a *UNKED )NP (PP for (NP the hacker )NP )PP )NP and (NP (NP a *UNKING appreciation )NP (PP of (NP (NP the federal `` *UNK '' )NP (SBAR (WHNP who )WHNP (S (VP make (S (NP national security )NP (NP their business )NP )S )VP )S )SBAR )NP )PP )NP )NP )VP )VP . )S  STOP
(S (PP At (NP several different levels )NP )PP , (NP it )NP (VP 's (NP a *UNKING *UNK )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (NP (NP deputy editor )NP (PP of (NP the Journal )NP )PP )NP )VP . )S  STOP
(S (NP Mips Computer Systems Inc. )NP (NP today )NP (VP will (VP *UNK (NP (NP a new *UNK- computer )NP (SBAR (WHNP that )WHNP (S (VP will (VP compete (PP with (NP (NP (ADJP more expensive )ADJP machines )NP (PP from (NP (NP companies )NP (PP such as (NP (NP Sun Microsystems Inc. )NP and (NP Digital Equipment Corp )NP )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP The (ADJP closely held )ADJP (NAC *UNKC , Calif. , )NAC company )NP (ADVP also )ADVP (VP will (VP announce (NP an agreement (S (VP to (VP supply (NP computers )NP (PP to (NP (NP Control Data Corp. )NP , (SBAR (WHNP which )WHNP (S (VP will (VP sell (NP Mips machines )NP (PP under (NP its own *UNK )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )NP )VP )VP . )S  STOP
(S (NP (NP The new Mips machine )NP , (VP called (S (NP the *UNKC )NP )S )VP , )NP (VP will (VP cost (NP $ 150,000 )NP (PP for (NP a basic system )NP )PP )VP )VP . )S  STOP
(S (NP The computer )NP (VP (VP *UNK (NP (QP 55 million )QP instructions )NP (PP per (NP second )NP )PP )VP and (VP uses (NP (QP only one )QP central processing chip )NP , (PP unlike (NP (NP many rival machines )NP (VP using (NP several *UNK )NP )VP )NP )PP )VP )VP . )S  STOP
(S (NP The machine )NP (VP employs (NP reduced *UNK- computing (PRN , or *UNKC , )PRN technology )NP )VP . )S  STOP
(S (PP At (NP that price )NP )PP (PRN , (S (NP (NP an analyst )NP (ADJP familiar (PP with (NP the machine )NP )PP )ADJP )NP (VP said )VP )S , )PRN (NP the computer )NP (VP offers (NP (NP (QP up to 10 times )QP the performance )NP (PP of (NP similar machines )NP )PP )NP )VP . )S  STOP
(SINV `` (S (PP In (NP the price range )NP )PP (NP it )NP (VP 's (NP a (ADJP *UNKLY *UNKING )ADJP product )NP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP an analyst )NP (PP at (NP the *UNK- firm *UNKC )NP )PP )NP )NP . )SINV  STOP
(S (NP The machine )NP (VP is (NP (NP part )NP (PP of (NP (NP an effort )NP (PP by (NP Mips )NP )PP (S (VP to (VP establish (NP itself )NP (PP as (NP (NP a supplier )NP (PP (PP of (NP computers )NP )PP , not (ADVP just )ADVP (PP of (NP *UNK- technology )NP )PP )PP )NP )PP )VP )VP )S )NP )PP )NP )VP . )S  STOP
(S (S (NP Mips )NP (ADVP also )ADVP (VP wants (S (VP to (VP *UNK (PP into (NP (NP markets )NP (ADJP other (PP than (NP (NP traditional *UNKC applications )NP (PP such as (NP engineering )NP )PP )NP )PP )ADJP )NP )PP )VP )VP )S )VP )S ; (S (NP Mips )NP (VP said (SBAR (S (NP the new machine )NP (VP will (ADVP also )ADVP (VP be (VP used (PP (PP by (NP businesses )NP )PP and (PP for (NP communications )NP )PP )PP )VP )VP )VP )S )SBAR )VP )S . )S  STOP
(SINV `` (S (NP This )NP (VP (ADVP clearly )ADVP *UNK (SBAR that (S (NP Mips )NP (VP is (NP (NP a systems company )NP (CONJP rather than )CONJP (NP just a chip company )NP )NP )VP )S )SBAR )VP )S , '' (VP said )VP (NP Mips Vice President John *UNKC )NP . )SINV  STOP
(S (NP The Control Data deal )NP (VP is (NP (NP a *UNK )NP (PP for (NP Mips )NP )PP )NP (SBAR because (S (NP it )NP (VP gives (NP the the *UNK- company )NP (NP one more ally )NP (SBAR as (S (NP it )NP (VP *UNK (NP (NP (ADJP more established )ADJP electronic concerns )NP (PP such as (NP (NP Sun )NP , (NP Hewlett-Packard Co. )NP , (NP Motorola Inc. )NP and (NP Intel Corp. )NP )NP )PP )NP (PP for (NP (NP the emerging market )NP (PP for (NP *UNKC machines )NP )PP )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC technology )NP (VP *UNK (PRT up )PRT (NP a computer )NP (PP by (S (VP *UNKING (NP the internal software )NP )VP )S )PP )VP . )S  STOP
(S (PP For (NP (NP Mips )NP , (SBAR (WHNP which )WHNP (S (VP expects (NP (NP revenue )NP (PP of (NP (QP $ 100 million )QP )NP )PP )NP (NP this year )NP )VP )S )SBAR , )NP )PP (NP (NP *UNK- allies )NP (PP such as (NP Control Data )NP )PP )NP (VP are (ADJP essential (S (VP to (VP attract (NP software developers )NP (PP to (NP (NP the company 's )NP *UNKC *UNK )NP )PP )VP )VP )S )ADJP )VP . )S  STOP
(SINV `` (S (NP (NP The thing )NP (SBAR (S (NP it )NP (VP says (PP about (NP Mips )NP )PP )VP )S )SBAR )NP (VP is (SBAR that (S (NP they )NP (VP 're (PP on (NP a roll )NP )PP (ADVP right now )ADVP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP Ms. *UNKC )NP (PP at (NP *UNKC )NP )PP )NP . )SINV  STOP
(S `` (S (NP They )NP (VP 're (VP getting (NP some major wins )NP )VP )VP )S , '' (NP she )NP (VP added )VP . )S  STOP
(S (NP Last month )NP , (PP for (NP example )NP )PP , (NP Mips )NP (VP agreed (S (VP to (VP supply (NP its computers )NP (PP to (NP (NP (NP *UNKC Computer AG )NP (PP of (NP West Germany )NP )PP )NP and (NP (NP France 's )NP *UNKC *UNKC )NP )NP )PP )VP )VP )S )VP . )S  STOP
(S (S (NP (NP Sony Corp. )NP , (NP *UNKC *UNKC Inc. )NP and (NP Digital Equipment )NP )NP (VP have (VP agreed (S (VP to (VP sell (NP *UNKC computers )NP )VP )VP )S )VP )VP )S and (S (NP (NP companies )NP (PP such as (NP (NP (NP Japan 's )NP NEC Corp. )NP and (NP (NP West Germany 's )NP *UNKC *UNKC )NP )NP )PP )NP (VP have (VP agreed (S (VP to (VP make (NP Mips chips )NP (PP under (NP license )NP )PP )VP )VP )S )VP )VP )S . )S  STOP
(SINV (S (NP (NP Today 's )NP agreement )NP (VP gives (NP Control Data )NP (NP (NP a machine )NP (SBAR (S (VP to (VP compete (PP against (NP (NP Digital )NP and (NP other *UNK- computer makers )NP )NP )PP )VP )VP )S )SBAR )NP )VP )S , (VP said )VP (NP (NP John *UNKC )NP , (NP (NP a *UNK- analyst )NP (PP at (NP (NP *UNKC Group Inc. )NP (PP of (NP Boston )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (S (NP The machine )NP (VP is (ADVP essentially )ADVP (NP a mainframe computer )NP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S `` (S (ADVP *UNKLY )ADVP (NP (NP *UNKC )NP (PRN -LRB- (NP Control Data )NP -RRB- )PRN )NP (VP has (NP (NP a competitive product )NP (SBAR (S (VP to (VP fight (ADVP back )ADVP (PP against (NP (NP the *UNKC )NP , '' (NP (NP a machine )NP (SBAR (S (NP Digital )NP (VP announced (NP last month )NP )VP )S )SBAR )NP )NP )PP )VP )VP )S )SBAR )NP )VP )S , (NP he )NP (VP added )VP . )S  STOP
(S (S (NP (NP Control Data )NP , (VP based (PP in (NP (NP Minneapolis )NP , (NP *UNKC )NP )NP )PP )VP , )NP (VP expects (S (NP (NP its sales )NP (PP of (NP (NP Mips systems )NP , (PP including (NP the new *UNKC )NP )PP , )NP )PP )NP (VP to (VP amount (PP to (NP (QP more than $ 100 million )QP )NP )PP (PP by (NP (NP the end )NP (PP of (NP 1991 )NP )PP )NP )PP )VP )VP )S )VP )S , (NP Mips )NP (VP said )VP . )S  STOP
(SINV (S (NP *UNKC , *UNKC and others )NP (VP will (ADVP also )ADVP (VP sell (NP (NP versions )NP (PP of (NP the machine )NP )PP )NP )VP )VP )S , (VP said )VP (NP Mips President Robert Miller )NP . )SINV  STOP
(S (S (NP Mips )NP (VP will (VP start (S (VP shipping (NP its new machine )NP )VP )S (PP in (NP (NP the first quarter )NP (PP of (NP 1990 )NP )PP )NP )PP )VP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (NP The machine )NP (VP uses (NP (NP a single *UNK )NP , (SBAR (WHNP which )WHNP (S (VP makes (S (NP it )NP (ADJP (ADJP easier (SBAR (S (VP to (VP program )VP )VP )S )SBAR )ADJP (PP than (NP (NP competing machines )NP (VP using (NP several *UNK )NP )VP )NP )PP )ADJP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The computer )NP (VP can (VP process (NP (NP (QP *UNKN million )QP calculations )NP (VP called (S (NP *UNK- operations )NP )S )VP )NP (NP every second )NP )VP )VP . )S  STOP
(S (S (NP The machine )NP (VP can (VP run (NP (NP software )NP (VP written (PP for (NP other Mips computers )NP )PP )VP )NP )VP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP Another fight )NP (VP is (VP brewing (PP between (NP (NP Congress )NP and (NP the Bush administration )NP )NP )PP (PP over (SBAR (WHADVP how )WHADVP (S (VP to (VP pay (PP for (NP the savings-and-loan bailout )NP )PP (PP without (S (VP adding (PP to (NP the federal budget deficit )NP )PP )VP )S )PP )VP )VP )S )SBAR )PP )VP )VP . )S  STOP
(S (PP In (NP (NP a hearing )NP (PP before (NP the House *UNKC and *UNKC Committee )NP )PP )NP )PP , (NP (NP (NP the General Accounting Office )NP and (NP the *UNKC Budget Office )NP )NP , (SBAR (WHNP which )WHNP (S both (VP are (NP (NP arms )NP (PP of (NP Congress )NP )PP )NP )VP )S )SBAR , )NP (VP advised (NP the new S&L bailout agency )NP (S (VP to (VP *UNK (NP plans (S (VP to (VP raise (NP temporary working capital )NP (PP through (NP (NP debt )NP (VP issued (PP from (NP (NP an agency )NP (SBAR (WHNP that )WHNP (S (VP would n't (VP be (VP counted (PP on (NP the federal budget )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )NP )PP )VP )VP )S )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP Officials )NP (PP of (NP the Resolution Trust Corp. )NP )PP )NP (VP have (VP said (ADVP privately )ADVP (SBAR that (S (NP such a plan )NP (VP was (NP the (ADJP most likely )ADJP alternative )NP (S (VP to (VP raise (NP (NP short-term cash )NP (PP for (NP the bailout )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP Instead )ADVP (PRN , (S (NP (NP the *UNKC )NP and (NP the Congressional Budget Office )NP )NP (VP said )VP )S , )PRN (NP the RTC )NP (VP should (VP consider (S (VP using (NP (NP Treasury debt )NP , (SBAR (WHNP which )WHNP (S (VP is (ADJP (ADJP less expensive )ADJP and (ADJP subject (PP to (NP (NP *UNK )NP (PP by (NP Congress )NP )PP )NP )PP )ADJP )ADJP )VP )S )SBAR )NP )VP )S )VP )VP . )S  STOP
(S (NP The spending )NP (VP could (VP be (VP *UNKED (PP from (S (VP meeting (NP (NP deficit-reduction targets )NP (PP in (NP the Gramm-Rudman budget law )NP )PP )NP )VP )S )PP )VP )VP )VP . )S  STOP
(S (NP The RTC )NP (VP has (VP projected (SBAR that (S (NP it )NP (VP will (VP require (NP (NP (QP between $ 50 billion to $ 100 billion )QP )NP (PP in (NP temporary working capital )NP )PP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP The borrowing )NP (SBAR (S (VP to (VP raise (NP these funds )NP )VP )VP )S )SBAR )NP (VP would (VP be (VP paid (ADVP off )ADVP (SBAR as (S (NP (NP assets )NP (PP of (NP sick thrifts )NP )PP )NP (VP are (VP sold )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP The new S&L law )NP (VP allows (S (NP the RTC )NP (VP to (VP issue (NP (NP notes )NP (PP for (NP (NP (QP as much as 85 )QP % )NP (PP of (NP (NP the value )NP (PP of (NP (NP the assets )NP (SBAR (S (NP it )NP (VP holds )VP )S )SBAR )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (S But (NP (NP higher interest rates )NP (VP paid (PP on (NP *UNK- debt )NP )PP )VP )NP (VP (VP could (VP add (NP billions )NP (PP to (NP the bailout costs )NP )PP )VP )VP , and (VP would n't (VP be (ADJP subject (PP to (NP congressional *UNK )NP )PP )ADJP )VP )VP )VP )S , (NP *UNKC and *UNKC members )NP (VP argued )VP . )S  STOP
(SINV `` (S (S (VP To (VP allow (NP (NP this massive level )NP (PP of (NP *UNKED federal borrowing )NP )PP )NP (PP without (NP prior congressional approval )NP )PP )VP )VP )S (VP would (VP be (ADJP *UNK )ADJP )VP )VP )S , '' (VP said )VP (NP (NP Rep. *UNKC *UNKC )NP (PRN -LRB- (NP D. )NP , (NP Calif. )NP -RRB- )PRN , (SBAR (WHNP who )WHNP (S (VP has (VP introduced (NP (NP a bill )NP (SBAR (S (VP to (VP limit (NP (NP the RTC 's )NP authority (S (VP to (VP issue (NP debt )NP )VP )VP )S )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP . )SINV  STOP
(S (NP The RTC )NP (VP will (VP have (S (VP to (VP sell or merge (NP (NP hundreds )NP (PP of (NP insolvent thrifts )NP )PP )NP (PP over (NP the next three years )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP The new S&L bailout law )NP (VP allows (S (NP (QP $ 50 billion )QP )NP (VP to (VP be (VP spent (S (VP to (VP sell or merge (NP (NP sick *UNKC )NP and (NP their assets )NP )NP )VP )VP )S )VP )VP )VP )S )VP )S , but (S (NP that )NP (VP is (NP a net cost )NP )VP )S . )S  STOP
(S (PP In (NP the meantime )NP )PP , (NP the agency )NP (VP must (VP raise (NP cash )NP (S (VP to (VP maintain (NP (NP assets )NP , (PP such as (NP real estate )NP )PP , )NP (SBAR until (S (NP they )NP (VP can (VP be (VP sold )VP )VP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S Then (NP the short-term debt )NP (VP is (VP paid (ADVP off )ADVP (PP through (NP (NP the proceeds )NP (PP of (S (VP selling (NP the assets )NP )VP )S )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP David *UNKC )NP , (NP (NP assistant secretary )NP (PP of (NP the Treasury )NP )PP )NP , )NP (VP said (SBAR that (S (NP the working capital )NP (VP is (ADJP necessary (S (VP to (VP (VP reduce (NP (NP the final costs )NP (PP of (NP the bailout )NP )PP )NP , (PP by (S (VP allowing (S (NP the agency )NP (VP to (VP sell (NP (NP savings and loans )NP (PP without (NP their bad assets )NP )PP )NP )VP )VP )S )VP )S )PP )VP , then (VP hold (NP the assets )NP (SBAR until (S (NP they )NP (VP can (VP be (VP sold (PP under (NP favorable conditions )NP )PP )VP )VP )VP )S )SBAR )VP )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S (S (NP He )NP (VP said (SBAR (S (NP (NP it )NP )NP (VP has n't (ADVP yet )ADVP (VP been (VP determined (SBAR (WHADVP how )WHADVP (S (NP the RTC )NP (VP will (VP raise (NP the cash )NP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP )S , but (S (NP the administration )NP (VP does n't (VP want (S (NP it )NP (VP to (VP be (VP included (PP on (NP the federal budget )NP )PP )VP )VP )VP )S , (SBAR because (S (NP it )NP (VP would (VP `` *UNK '' (NP the budget process )NP (PP by (S (VP requiring (NP either (NP (NP *UNK )NP (PP from (NP Gramm-Rudman )NP )PP )NP or (NP (NP big increases )NP (PP in (NP the budget deficit )NP )PP )NP )NP )VP )S )PP )VP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (S But (NP the worst possibility )NP (VP would (VP be (S (VP raising (NP no working capital )NP )VP )S )VP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S `` (SBAR If (S (NP working capital financing )NP (VP is not (VP provided )VP )VP )S )SBAR , '' (PRN (S (NP he )NP (VP said )VP )S )PRN , `` (NP the RTC )NP (VP may (VP have (S (VP to (VP (VP slow (PRN -LCB- (NP S&L sales )NP -RCB- )PRN )VP or (VP dump (NP acquired assets )NP (PP through (NP fire sales )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP *UNKC Eastern Corp. )NP (VP said (SBAR (S (NP it )NP (VP applied , (PP on (NP (NP behalf )NP (PP of (NP (NP two )NP (PP of (NP its subsidiaries )NP )PP )NP )PP )NP )PP , (PP to (NP the Federal Energy *UNKC Commission )NP )PP (PP for (NP permission (S (VP to (VP build (NP (NP a *UNK- , (ADJP (QP $ *UNKN million )QP )ADJP pipeline system )NP (PP (PP from (NP (NP *UNKC County )NP , (NP *UNKC )NP , )NP )PP (PP to (NP (NP *UNKC )NP , (NP Miss )NP )NP )PP )PP )NP )VP )VP )S )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The natural gas pipeline concern )NP (VP said (SBAR (S (NP the (NAC (NP (QP 500 million )QP cubic feet )NP (NP a day )NP )NAC capacity pipeline )NP (VP would (VP be (VP built (PP by (NP (NP a proposed joint venture )NP (PP between (NP (NP two *UNKC Eastern units )NP - (NP Texas Eastern *UNKC Corp. and *UNKC Gas Co )NP )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Texas Eastern *UNKC )NP (VP will (VP build and operate (NP (NP the system )NP , (SBAR (WHNP which )WHNP (S (VP will (VP *UNK (NP the *UNKC *UNKC )NP (PP with (NP several *UNK *UNK )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(SQ (ADVP Now )ADVP was (NP that )NP (NP (NP a quarter *UNK )NP or (NP a half *UNK )NP )NP ? )SQ  STOP
(FRAG (NP Not a *UNKING question )NP , (SBAR unless (S (S (NP you )NP (VP 're (NP (NP the *UNK *UNK )NP (PP of (NP (NP this city 's )NP *UNKC *UNKC restaurant )NP )PP )NP )VP )S and (S (NP you )NP (VP 've (ADVP just )ADVP (VP lost (NP your *UNK personal *UNK *UNK )NP )VP )VP )S )S )SBAR . )FRAG  STOP
(S (NP *UNKC *UNKC )NP (VP was (VP listed (PP among (NP (NP the top 30 restaurants )NP (PP in (NP the world )NP )PP )NP )PP (NP this year )NP (PP by (NP *UNKC magazine )NP )PP )VP )VP . )S  STOP
(S (NP (NP The *UNKED black *UNK )NP , (VP *UNKING (PP with (NP (NP (NP 18 years ' )NP worth )NP (PP of (NP (NP *UNK )NP (VP held (ADVP together )ADVP (PP by (NP *UNK *UNK )NP )PP )VP )NP )PP )NP )PP )VP , )NP (VP was (PP in (NP (NP *UNK *UNKC *UNKC 's )NP *UNK )NP )PP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP was (VP stolen (PP from (NP her house )NP )PP (ADVP recently )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The Berkeley police )NP (VP (VP do n't (VP have (NP any leads )NP )VP )VP but (VP doubt (SBAR (S (NP the crime )NP (VP was (VP driven (PP by (NP (NP a *UNK )NP (PP for (NP *UNK )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP Instead )ADVP , (NP they )NP (VP figure (SBAR (S (NP the *UNK )NP (ADVP probably )ADVP (VP (VP took (NP money )NP (PP from (NP (NP Ms. *UNKC 's )NP *UNK )NP )PP )VP and (VP *UNKED (NP (NP all the *UNK )NP (PP in (NP the *UNK- *UNK )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (SBAR (SBAR (WHNP whose founder )WHNP , (NP *UNKC *UNKC )NP , (S (VP is (VP considered (S (NP (NP the *UNK )NP (PP of (NP (NP the *UNKING style )NP (VP known (PP as (NP California *UNK )NP )PP )VP )NP )PP )NP )S )VP )VP )S )SBAR and (SBAR (WHNP whose *UNK )WHNP (S (VP make (NP *UNK )NP (PP (NP a month )NP in (NP advance )NP )PP )VP )S )SBAR )SBAR , )NP (VP has n't (ADVP exactly )ADVP (VP *UNKED (NP *UNK )NP (PP to (NP *UNK ice *UNK )NP )PP (PP because of (NP the theft )NP )PP )VP )VP . )S  STOP
(S (PP For (NP one thing )NP )PP , (NP Ms. *UNKC )NP (VP can (VP draw (PP on (NP (NP her *UNK )NP , (VP published (PP by (NP *UNKC House )NP )PP (ADVP (NP four years )NP ago )ADVP )VP , (SBAR (WHNP which )WHNP (S (VP is (VP *UNKING (PP with (NP (NP *UNK )NP (PP for (NP (NP such *UNK )NP (PP as (NP (NP *UNK *UNK )NP , (NP (NP *UNK *UNK )NP -LRB- (NP (NP a *UNK *UNK )NP (VP made (PP with (NP *UNKED *UNKED *UNK )NP )PP )VP )NP -RRB- )NP and (NP *UNK `` *UNK a *UNK *UNK )NP )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP . '' )S  STOP
(S (PP For (NP another )NP )PP , (NP *UNK fans )NP (VP have (VP sent (NP Ms. *UNKC )NP (NP (NP copies )NP (PP of (NP her *UNK )NP )PP (VP *UNKED (PP from (NP magazines )NP )PP (PP over (NP the years )NP )PP )VP )NP )VP )VP . )S  STOP
(S (ADVP Still )ADVP , (NP (NP (NP the restaurant 's )NP *UNKING *UNK )NP (PP of (NP *UNK- *UNK )NP )PP )NP (PRN -- (S (NP it )NP (ADVP *UNKLY )ADVP (VP has n't (VP repeated (NP a *UNK )NP (PP since (S (VP opening (PP in (NP 1971 )NP )PP )VP )S )PP )VP )VP )S -- )PRN (VP requires (NP constant *UNK )NP )VP . )S  STOP
(S And (NP that )NP (VP puts (NP added pressure )NP (PP on (NP *UNKC *UNKC *UNK- planners )NP )PP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP make (SBAR (WHNP what )WHNP (S (NP we )NP (VP know (SBAR (WHADVP how )WHADVP (S (VP to (VP make )VP )VP )S )SBAR )VP )S )SBAR )VP )S , '' (VP says )VP (NP business manager Richard *UNKC )NP . )SINV  STOP
(S (S (NP (NP Many )NP (PP in (NP (NP the Bay Area 's )NP *UNK community )NP )PP )NP (VP *UNK (NP *UNK (SBAR that (S (NP Ms. *UNKC )NP (VP kept (NP (NP (QP only one )QP copy )NP (PP of (NP such valuable notes )NP )PP )NP )VP )S )SBAR )NP )VP )S , but (S (NP she )NP (VP has (VP received (NP moral support )NP (PP from (NP (NP (NP Baker 's )NP Dozen )NP , (NP (NP a group )NP (PP of (NP California *UNK *UNK )NP )PP (SBAR (WHNP that )WHNP (S (VP *UNK (ADVP regularly )ADVP (S (VP to (VP discuss (NP (NP issues )NP (PP like (SBAR (SBAR (WHADVP how )WHADVP (S (VP to (VP keep (NP *UNK )NP (PP from (VP *UNKING )VP )PP )VP )VP )S )SBAR and (SBAR (WHADVP how )WHADVP (S (NP *UNK eating *UNK )NP (VP affect (NP *UNK *UNK )NP )VP )S )SBAR )SBAR )PP )NP )VP )VP )S )VP )S )SBAR )NP )NP )PP )VP )VP )S . )S  STOP
(S (NP Ms. *UNKC )NP (VP (VP has (VP offered (NP a (ADJP $ 500 )ADJP *UNK )NP (PP for (NP (NP the book 's )NP return )NP )PP )VP )VP but (VP figures (SBAR (S (NP she )NP (VP 'll (VP have (S (VP to (VP *UNK (NP many *UNK )NP (PP from (NP *UNK )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S `` (S (NP It )NP (VP 's (NP an *UNKING job )NP )VP )S , '' (NP she )NP (VP says )VP . )S  STOP
(S `` (NP There )NP (VP are (NP (QP so many )QP possible *UNK )NP (SBAR (WHADVP when )WHADVP (S (NP you )NP (VP consider (SBAR (WHNP (WHADJP how many )WHADJP things )WHNP (S (VP are (VP made (PP out (PP of (NP eggs and *UNK and milk )NP )PP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Newport Electronics Inc. )NP (VP named (NP (NP a new *UNK )NP (PP of (NP officers )NP )PP )NP , (NP (NP a move )NP (SBAR (WHNP that )WHNP (S (VP follows (NP (NP replacement )NP (PP of (NP (NP the company 's )NP five *UNK directors )NP )PP (NP last week )NP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Milton B. *UNKC )NP , (ADJP (NP 60 years )NP old )ADJP , )NP (VP was (VP named (S (NP chief executive officer )NP )S , (S (VP succeeding (NP *UNKC B. *UNKC )NP )VP )S )VP )VP . )S  STOP
(S (NP (NP Mr. Hollander 's )NP (ADJP Stamford , *UNKED )ADJP High Technology Holding Co. )NP (VP acquired (NP (NP most )NP (PP of (NP (NP its (ADJP *UNKN % )ADJP stake )NP (PP in (NP Newport )NP )PP )NP )PP )NP (PP in (NP August )NP )PP )VP . )S  STOP
(S (NP Mr. Hollander )NP (VP was (VP named (S (NP chairman )NP )S (NP last week )NP , (S (VP succeeding (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP was (PP among (NP the *UNKED directors )NP )PP )VP )S )SBAR )NP )VP )S )VP )VP . )S  STOP
(S (S (NP The company )NP (VP has (VP declined (NP requests (S (VP to (VP discuss (NP the changes )NP )VP )VP )S )NP )VP )VP )S , but (S (NP Mr. *UNKC )NP (VP has (VP said (SBAR that (S (NP Mr. Hollander )NP (VP wanted (S (VP to (VP have (NP his own team )NP )VP )VP )S )VP )S )SBAR )VP )VP )S . )S  STOP
(S (NP Scott *UNKC )NP (VP was (VP named (S (NP (NP (NP (NP president )NP and (NP chief operating officer )NP )NP (PP of (NP U.S. operations )NP )PP )NP , (NP (NP *UNK )NP (SBAR (WHNP that )WHNP (S (VP had (VP been (VP held (PP by (NP Mr. *UNKC )NP )PP )VP )VP )VP )S )SBAR )NP )NP )S )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP was (NP (NP vice president )NP (PP of (NP (NP the instrument and controls division )NP (PP of (NP (NP (ADJP closely held )ADJP *UNKC Engineering Inc. )NP , (NP (NP another company )NP (VP controlled (PP by (NP Mr. Hollander )NP )PP )VP )NP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP A company spokesman )NP (VP did n't (VP know (NP (NP Mr. *UNKC 's )NP age )NP )VP )VP . )S  STOP
(S (NP (NP James R. *UNKC )NP , (NP 51 )NP , (NP (NP vice president )NP (PP of (NP (NP Newport 's )NP European operations )NP )PP )NP , )NP (VP was (VP named (S (NP (NP (NP executive vice president )NP and (NP chief operating officer )NP )NP (PP of (NP European operations )NP )PP )NP )S , (S (VP assuming (NP (NP some former duties )NP (PP of (NP Mr. *UNKC )NP )PP )NP )VP )S )VP )VP . )S  STOP
(S (NP (NP Arthur B. *UNKC )NP , (NP 34 )NP , (NP an attorney )NP , )NP (VP was (VP named (S (NP secretary )NP )S , (S (VP succeeding (NP (NP John *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP was (NP (NP another )NP (PP of (NP the *UNKED directors )NP )PP )NP )VP )S )SBAR )NP )VP )S )VP )VP . )S  STOP
(S (NP *UNKC Corp. )NP (VP declared (NP a *UNKN stock split )NP )VP . )S  STOP
(S (NP The (NAC *UNKC , Mass. , )NAC *UNK service company )NP (ADVP also )ADVP (VP boosted (NP its quarterly dividend )NP (NP 20 % )NP (PP to (NP (NP (NP three cents )NP (NP a share )NP )NP (VP adjusted (PP for (NP the split )NP )PP )VP )NP )PP )VP . )S  STOP
(S (NP The dividend )NP (VP had (VP been (NP (NP five cents )NP (NP a share )NP )NP )VP )VP . )S  STOP
(S (S (NP The (NX (NX split )NX and (NX quarterly dividend )NX )NX )NP (VP will (VP be (ADJP payable (NP Jan. 3 )NP (PP to (NP (NP stock )NP (PP of (NP record )NP )PP (NP Nov. 16 )NP )NP )PP )ADJP )VP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP The split )NP (VP will (VP raise (NP (NP the number )NP (PP of (NP (NP shares )NP (ADJP outstanding )ADJP )NP )PP )NP (PP to (NP about *UNKN million )NP )PP )VP )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP *UNKC )NP (VP reported (SBAR that (S (NP net income )NP (VP rose (NP 21 % )NP (PP to (NP (NP (QP $ 3 million )QP )NP , or (NP (NP (NP 29 cents )NP (NP a share )NP )NP (VP adjusted (PP for (NP the split )NP )PP )VP )NP )NP )PP )VP )S )SBAR , (PP for (NP (NP the fourth quarter )NP (VP ended (NP Aug. 26 )NP )VP )NP )PP )VP . )S  STOP
(S (ADVP (NP A year )NP earlier )ADVP (NP *UNKC )NP (VP earned (NP (NP (QP $ 2.4 million )QP )NP , or (NP (NP (NP 24 cents )NP (NP a share )NP )NP (VP adjusted (PP for (NP the split )NP )PP )VP )NP )NP )VP . )S  STOP
(S (NP Sales )NP (VP rose (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP *UNKC Corp. )NP (VP said (SBAR (S (NP it )NP (VP completed (NP (NP the (ADJP previously reported )ADJP sale )NP (PP of (NP (NP (QP approximately *UNKN )QP acres )NP (PP of (NP (NP *UNK )NP (PP near (NP (NP *UNKC )NP , (NP Calif. )NP , )NP )PP )NP )PP )NP )PP (PP to (NP (NP (ADJP closely held )ADJP Sierra Pacific Industries Corp. )NP , (NP (NP *UNKC )NP , (NP Calif. )NP )NP , )NP )PP (PP for (NP (QP $ *UNKN million )QP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNK , *UNK and *UNKING concern )NP (VP said (SBAR (S (NP (NP the transaction )NP , (SBAR (WHNP which )WHNP (S (VP includes (NP (NP a swap )NP (PP of (NP other *UNK interests )NP )PP )NP )VP )S )SBAR , )NP (VP would (VP result (PP in (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP after-tax gain )NP , (SBAR (S (VP to (VP be (VP recorded (PP in (NP the fourth quarter )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Healthcare International Inc. )NP (VP said (SBAR (S (NP it )NP (VP reached (NP (NP a *UNK- *UNK agreement )NP )NP (PP with (NP its HealthVest affiliate )NP )PP (VP calling (SBAR for (S (NP Healthcare )NP (VP to (VP (VP pay (NP HealthVest )NP (NP (QP $ 5 million )QP )NP (ADVP right away )ADVP )VP and (VP (NP additional amounts )NP (PP in (NP the future )NP )PP )VP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Under (NP the agreement )NP )PP , (NP (NP Healthcare )NP , (NP (NP a manager )NP (PP of (NP health-care facilities )NP )PP )NP , )NP (VP said (SBAR (S (NP it )NP (VP would (VP (VP pay (NP HealthVest )NP (NP (NP (QP $ 3.9 million )QP )NP (PP in (NP *UNK rent and mortgage payments )NP )PP )NP )VP and (VP repay (NP (NP (QP $ 1.1 million )QP )NP (PP in (NP (NP funds )NP (SBAR (WHNP that )WHNP (S (NP HealthVest )NP (VP advanced (PP for (NP (NP construction work )NP (PP on (NP facilities )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP return )NP )PP , (NP HealthVest )NP (VP agreed (SBAR that (S (NP it )NP (VP wo n't (VP exercise (NP its rights and *UNK )NP (PP against (NP Healthcare )NP )PP (PP during (NP the *UNK- period )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP After (NP the payment )NP )PP , (NP Healthcare )NP (ADVP still )ADVP (VP will (VP be (PP (NP (QP $ 6.5 million )QP )NP in (NP (NP *UNK )NP (PP on (NP (NP rent and mortgage payments )NP (PP to (NP (NP HealthVest )NP , (NP (NP a real estate investment trust )NP (SBAR (WHNP whose portfolio )WHNP (S (VP consists (ADVP largely )ADVP (PP of (NP (NP properties )NP (VP operated (PP by (NP Healthcare )NP )PP )VP )NP )PP )VP )S )SBAR )NP )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Healthcare )NP (VP has (VP given (NP HealthVest )NP (NP (NP a (ADJP 12 % )ADJP note )NP (PP for (NP that *UNK amount )NP )PP , (SBAR (S (VP to (VP be (VP *UNK (PP over (NP three years )NP )PP )VP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP Healthcare )NP (VP agreed (S (VP to (VP make (NP (NP monthly rent and mortgage payments )NP (PP of (NP (QP $ 2.7 million to $ 3 million )QP )NP )PP (PP to (NP HealthVest )NP )PP )NP (PP during (NP the *UNK period )NP )PP , (SBAR (S (VP to (VP be (VP paid (SBAR (WHADVP when )WHADVP (S (NP Healthcare )NP (VP (ADVP successfully )ADVP *UNK (NP asset sales )NP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (SBAR Because (S (NP Healthcare )NP (ADVP actually )ADVP (VP owes (NP HealthVest )NP (NP (NP (QP $ 4.2 million )QP )NP (PP in (NP rent and mortgage payments )NP )PP )NP (NP each month )NP )VP )S )SBAR , (NP (NP (NP the amount )NP (ADJP due )ADJP )NP (PP above (NP (NP the amount )NP (VP paid )VP )NP )PP )NP (VP will (VP be (VP added (PP to (NP the three-year note )NP )PP )VP )VP )VP . )S  STOP
(S (NP The funds )NP (VP should (VP help (S (VP ease (NP (NP a cash *UNK )NP (PP at (NP (NP HealthVest )NP , (SBAR (WHNP which )WHNP (S (VP has (VP been (ADJP unable (S (VP to (VP pay (NP its debts )NP )VP )VP )S )ADJP (SBAR because (S (NP Healthcare )NP (VP has n't (VP made (NP complete rent and mortgage payments )NP (PP since (NP July )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )NP )VP )S )VP )VP . )S  STOP
(S (NP A spokesman )NP (VP said (SBAR (S (NP HealthVest )NP (VP (VP has (VP paid (NP (NP two )NP (PP of (NP (NP the three banks )NP (SBAR (S (NP it )NP (VP owed (NP interest )NP (PP to )PP (PP in (NP October )NP )PP )VP )S )SBAR )NP )PP )NP )VP )VP and (VP is (PP in (NP (NP negotiations )NP (PP with (NP the third bank )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Healthcare )NP , (SBAR (WHNP which )WHNP (S (VP has (VP been (PP in (NP a severe liquidity *UNK )NP )PP )VP )VP )S )SBAR , )NP (VP said (SBAR (S (NP it )NP (VP is (ADJP able (S (VP to (VP make (NP the payments )NP )VP )VP )S )ADJP (SBAR because (S (NP it )NP (VP completed (NP (NP a transaction )NP (PP with (NP *UNKC *UNKC Group Inc. )NP )PP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP *UNKC )NP (VP (VP purchased (NP stock and warrants )NP (PP for (NP (QP $ 500,000 )QP )NP )PP )VP and (VP *UNKED (NP Healthcare )NP (NP (QP $ 9 million )QP )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP The loan )NP (VP is (VP backed (PP by (NP (NP (NP (NP Healthcare 's )NP (ADJP 5.4 % )ADJP stake )NP (PP in (NP HealthVest )NP )PP )NP and (NP (NP interest )NP (PP in (NP certain facilities )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP I )NP (VP was (ADJP pleased (S (VP to (VP note (SBAR that (S (NP your Oct. 23 *UNKC Journal item )NP (VP recognized (NP the *UNK- concept )NP (PP as (NP (NP one )NP (PP of (NP (NP the significant events )NP (PP of (NP the past century )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP )VP )S )ADJP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (ADVP (NP about two years )NP ago )ADVP , (NP the Journal )NP (VP listed (NP (NP the creation )NP (PP of (NP the money fund )NP )PP )NP (PP as (NP (NP one )NP (PP of (NP (NP the 10 (ADJP most significant )ADJP events )NP (PP in (NP (NP the world )NP (PP of (NP finance )NP )PP )NP )PP (PP in (NP the *UNK century )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S But (S (NP (NP the Reserve Fund )NP , (NP (NP America 's )NP first money fund )NP , )NP (VP was not (VP named )VP )VP )S , nor (SINV were (NP (NP the *UNK )NP (PP of (NP the *UNK- concept )NP )PP , (NP (NP Harry Brown )NP and (NP *UNK )NP )NP )NP )SINV . )S  STOP
(S (NP We )NP (VP *UNKED (NP (NP (NP telephone *UNK )NP , (NP daily dividends )NP , (NP (NP total *UNK )NP (PP of (NP share certificates )NP )PP )NP and (NP the constant (ADJP $ 1 *UNK )ADJP pricing )NP )NP , (SBAR (WHNP (NP all )NP (WHPP of (WHNP which )WHNP )WHPP )WHNP (S (VP were (UCP (VP (ADVP *UNKLY )ADVP thought (ADVP out )ADVP )VP and not (NP (NP the result )NP (PP of (NP (NP some *UNK )NP (PP on (NP (NP the part )NP (PP of (NP the SEC )NP )PP )NP )PP )NP )PP )NP )UCP )VP )S )SBAR )NP )VP . )S  STOP
(NP President )NP  STOP
(NP The Reserve Fund )NP  STOP
(S (NP (NP The *UNKING moment )NP (PP in (NP (NP the career )NP (PP of (NP Joseph F. O'Kicki )NP )PP )NP )PP )NP (VP came (SBAR as (S (NP 300 (UCP local and state )UCP *UNK )NP (VP *UNKED (PP into (NP (NP his *UNK , *UNKED *UNK )NP (ADVP here )ADVP )NP )PP (NP last year )NP (PP for (NP (NP his *UNKING in )NP (PP as (NP (NP President Judge )NP (PP of (NP *UNKC County )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP *UNKC )NP (PP of (NP *UNK )NP )PP )NP and (NP *UNKED *UNK )NP )NP (VP *UNKED (NP his bench )NP )VP . )S  STOP
(S (NP The local American *UNKC color guard )NP (VP led (NP the way )NP )VP . )S  STOP
(S (SBAR As (S (NP the judge )NP (VP *UNKED (PP down (NP the center *UNK )NP )PP (PP in (NP his *UNKING black *UNK )NP )PP )VP )S )SBAR , (NP he )NP (VP was (VP *UNKED (PP by (NP a *UNK *UNK )NP )PP )VP )VP . )S  STOP
(S (PP To (NP many )NP )PP , (NP it )NP (VP was (NP (NP a *UNK )NP (VP (ADVP (ADVP more )ADVP )ADVP *UNKING (NP a *UNKING )NP (PP than (NP (NP a rural judge )NP (VP *UNKED (PP in (NP (NP the isolated *UNK )NP (PP of (NP the southern *UNKC *UNKC )NP )PP )NP )PP )VP )NP )PP )VP )NP )VP . )S  STOP
(S But then (NP Judge O'Kicki )NP (ADVP often )ADVP (VP *UNKED (PP like (NP (NP a man )NP (SBAR (WHNP who )WHNP (S (VP would (VP be (NP (NP *UNKING )NP -- and (PRN , (S (NP some )NP (VP say )VP )S , )PRN (NP an (ADJP *UNK and *UNK )ADJP one )NP )NP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (SBAR While (S (NP his case )NP (VP may (VP be (ADJP extreme )ADJP )VP )VP )S )SBAR , (NP it )NP (VP reflects (NP (NP the *UNK )NP (PP of (NP many small communities )NP )PP (PP to (NP *UNKING judges )NP )PP )NP )VP . )S  STOP
(S (NP Last March )NP , (PP (NP nine months )NP after (NP (NP the judge 's )NP *UNK- )NP )PP , (NP (NP the state attorney general 's )NP office )NP (VP indicted (NP him )NP (PP on (NP (NP a sweeping array )NP (PP of (NP (NP charges )NP (VP *UNKING (NP (NP (QP more than 10 )QP years )NP (PP of (NP `` (NP official *UNK )NP '' (PP in (NP (NP *UNKC County )NP , (NP (NP a depressed steel and mining community )NP (PP in (NP *UNK Pennsylvania )NP )PP )NP )NP )PP )NP )PP )NP )VP )NP )PP )NP )PP )VP . )S  STOP
(S (NP The allegations )NP , (S (VP ranging (PP (PP from (NP theft and *UNK )NP )PP (PP to (NP *UNK and *UNK )NP )PP )PP )VP )S , (VP *UNK (NP a *UNKING picture )NP )VP . )S  STOP
(S (PP According (PP to (NP (NP testimony )NP (PP in (NP (NP a public , *UNK- *UNK- report )NP (VP handed (ADVP up )ADVP (PP to (NP the state attorney general )NP )PP )VP )NP )PP )NP )PP )PP , (NP Judge O'Kicki )NP (VP (VP *UNKED (NP cash )NP (PP from (NP lawyers )NP )PP )VP , (VP *UNKED (NP favorable loans )NP (PP from (NP banks )NP )PP )VP and (VP *UNKED (NP local businesses )NP )VP (PP for (NP (QP more than a )QP decade )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP , (PP in (NP (NP an indictment )NP (PP based (PP on (NP (NP the grand jury 's )NP report )NP )PP )PP )NP )PP , (VP maintain (SBAR that (S (PP at (NP (NP various times )NP (PP since (NP 1975 )NP )PP )NP )PP , (NP he )NP (VP (VP owned (NP (NP a (ADJP secret and illegal )ADJP interest )NP (PP in (NP a beer *UNK )NP )PP )NP )VP ; (VP *UNKED (NP (NP hidden ownership interests )NP (PP in (NP real estate )NP )PP (SBAR (WHNP that )WHNP (S (VP presented (NP (NP an alleged conflict )NP (PP of (NP interest )NP )PP )NP )VP )S )SBAR )NP )VP ; (VP set (PRT up )PRT (NP (NP a *UNK corporation )NP (SBAR (S (VP to (VP (VP buy (NP a car )NP )VP and (VP obtain (NP insurance )NP )VP (PP for (NP (NP his former *UNK )NP (PRN -LRB- (ADVP now )ADVP (NP his second wife )NP -RRB- )PRN )NP )PP )VP )VP )S )SBAR )NP )VP ; and (VP maintained (NP 54 accounts )NP (PP in (NP (NP six banks )NP (PP in (NP Cambria County )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP testimony )NP (VP recorded (PP in (NP the grand jury report )NP )PP )VP )NP )PP , (NP court employees )NP (VP said (SBAR (S (NP (NP the judge )NP , (ADJP (ADVP now )ADVP (NP 59 years )NP old )ADJP , )NP (VP (VP *UNKED (NP his *UNK )NP )VP , (VP made (NP *UNK demands )NP (PP on (NP his staff )NP )PP )VP and (VP *UNKED (NP (NP anyone )NP (SBAR (WHNP who )WHNP (S (VP *UNKED (NP him )NP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP claimed (SBAR (S (NP they )NP (VP were (VP required (S (VP to (VP (VP *UNK (NP him )NP (PP to and from (NP work )NP )PP )VP , (VP *UNK (NP his *UNK )NP )VP , (VP *UNK (NP his wood )NP )VP , (VP *UNK (NP his car )NP )VP and (ADVP even )ADVP (VP drop (PRT by )PRT (NP his house )NP (S (VP to (VP feed (NP (NP his two grown *UNK )NP , (NP *UNKC and *UNKC )NP )NP )VP )VP )S )VP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP One former *UNK )NP (VP charged (SBAR that (S (NP the judge )NP (VP *UNKED (NP him )NP (PP by (S (VP *UNKING (PP on (NP (NP a promise )NP (PP of (NP a (ADJP better paying )ADJP job )NP )PP )NP )PP (PP after (S (VP *UNKING (NP a (ADJP $ 500 )ADJP *UNK )NP )VP )S )PP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Some )NP (PP of (NP the allegations )NP )PP )NP (VP are (ADJP simply *UNK )ADJP )VP . )S  STOP
(S (NP Two former *UNK )NP (VP told (NP the grand jury )NP (SBAR (S (NP they )NP (VP were (VP *UNKED (PP to (NP (NP the judge 's )NP *UNK )NP )PP (PP on (NP separate *UNK )NP )PP (S (VP to (VP take (NP *UNK )NP )VP )VP )S , (S (ADVP only )ADVP (VP to (VP find (NP the judge )NP (PP in (NP his *UNK *UNK )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP One secretary )NP (VP *UNKED (SBAR that (S (NP the judge )NP (ADVP once )ADVP (VP called (NP her )NP (PP to (NP his office )NP )PP (SBAR while (S (VP wearing (NP (NP nothing )NP (ADVP at all )ADVP )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP The judge )NP , (S (VP suspended (PP from (NP his bench )NP )PP (PP pending (NP (NP his trial )NP , (SBAR (WHNP which )WHNP (S (VP began (NP this week )NP )VP )S )SBAR )NP )PP )VP )S , (VP (ADVP *UNKLY )ADVP denies (NP (NP all the allegations )NP (PP against (NP him )NP )PP )NP , (S (VP calling (S (NP them )NP (UCP `` (ADJP *UNK )ADJP '' and `` (NP *UNK , political *UNK )NP )UCP )S )VP )S )VP . '' )S  STOP
(S (NP He )NP (VP *UNK (NP the indictment )NP (PP on (NP (NP local political *UNKING )NP , (NP (NP *UNK )NP (PP with (NP his aggressive efforts (S (VP to (VP clear (NP (NP the *UNK 's )NP *UNK )NP )VP )VP )S )NP )PP )NP and (NP (NP a *UNK )NP (PP by (NP (NP state investigators and prosecutors )NP (VP *UNKED (PP by (NP (NP some )NP (PP of (NP (NP his *UNK )NP (PP against (NP them )NP )PP )NP )PP )NP )PP )VP )NP )PP )NP )NP )PP )VP . )S  STOP
(SINV `` (S (NP I )NP (VP do n't (VP know (SBAR (WHNP whose *UNK )WHNP (S (NP I )NP (VP 've (VP stepped (PP on )PP )VP )VP )S )SBAR )VP )VP )S , '' (VP says )VP (NP the judge )NP . )SINV  STOP
(S `` (NP I )NP (VP 'll (VP find (ADVP out )ADVP , (ADVP eventually )ADVP , (SBAR (WHNP who )WHNP (S (VP pushed (NP the state police *UNK )NP (PP into (NP action )NP )PP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (SBAR Even if (S (NP (NP only some )NP (PP of (NP the allegations )NP )PP )NP (VP stand (PRT up )PRT )VP )S )SBAR , (ADVP however )ADVP , (NP they )NP (VP provide (NP (NP *UNK testimony )NP (PP to (NP (NP the *UNK power )NP (PP of (NP (NP judges )NP (PP in (NP rural communities )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP That power )NP (VP can (ADVP sometimes )ADVP (VP be (VP *UNKED , (SBAR (ADVP particularly )ADVP since (S (NP (NP *UNK )NP (PP in (NP smaller *UNK )NP )PP )NP (VP operate (PP without (NP (NP many )NP (PP of (NP (NP the *UNK )NP (SBAR (WHNP that )WHNP (S (VP serve (PP as (NP *UNK measures )NP )PP (PP in (NP urban areas )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP (NP Lawyers )NP and (NP (NP their clients )NP (SBAR (WHNP who )WHNP (S (ADVP frequently )ADVP (VP bring (NP business )NP (PP to (NP a country *UNK )NP )PP )VP )S )SBAR )NP )NP (VP can (VP expect (S (VP to (VP appear (PP before (NP the same judge )NP )PP (NP (NP year )NP (PP after (NP year )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(SINV (S (NP (NP *UNKC )NP (PP of (S (VP *UNKING (NP that judge )NP )VP )S )PP )NP (VP is (ADJP *UNK )ADJP )VP )S , (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP founder and director )NP (PP of (NP (NP (NP the *UNKC Justice Center )NP (PP in (NP (NP *UNKC )NP , (NP *UNKC )NP )NP )PP )NP , (NP (NP a public interest group )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP rural *UNK issues )NP )VP )S )SBAR )NP )NP )PP )NP )NP . )SINV  STOP
(S (PP As (NP a result )NP )PP (PRN , (SINV (VP says )VP (NP Mr. *UNKC )NP )SINV , )PRN (NP lawyers )NP (VP (VP think (ADVP twice )ADVP (PP before (S (VP *UNKING (NP (NP a judge 's )NP ruling )NP )VP )S )PP )VP , (VP are (ADJP reluctant (S (VP to (VP (VP *UNK )VP , or (ADVP even )ADVP (VP support )VP , (NP (NP challenges )NP (PP against (NP him )NP )PP (PP for (NP *UNK- )NP )PP )NP )VP )VP )S )ADJP )VP and (VP are (ADVP usually )ADVP (ADJP *UNK (S (VP to (VP file (NP (NP complaints )NP (SBAR (WHNP that )WHNP (S (VP might (VP *UNK (NP (NP a judge 's )NP integrity )NP )VP )VP )S )SBAR )NP )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (NP (NP Judge O'Kicki )NP , (NP a (ADJP *UNK and *UNKING )ADJP man )NP , )NP (VP has (VP been (NP (NP a *UNK )NP (PP in (NP the local legal community )NP )PP )NP (PP for (NP (QP more than two )QP decades )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP The son )NP (PP of (NP (NP an *UNK *UNK )NP (PP of (NP *UNKC *UNK )NP )PP )NP )PP )NP )S , (NP he )NP (VP (VP was (VP raised (PP in (NP (NP a small *UNK )NP (PP outside (NP (NP *UNKC )NP , (NP the Cambria County seat )NP )NP )PP )NP )PP )VP )VP , and (VP put (NP himself )NP (PP through (NP the (NAC University (PP of (NP Pittsburgh )NP )PP )NAC Law School )NP )PP )VP )VP . )S  STOP
(S (NP He )NP (VP *UNKED (PP near (NP (NP the top )NP (PP of (NP his class )NP )PP )NP )PP , (S (VP serving (PP on (NP the school law review )NP )PP (PP with (NP (NP Richard *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP went (PRT on )PRT (S (VP to (VP become (NP (NP (NP governor )NP (PP of (NP Pennsylvania )NP )PP )NP and (PRN , (ADVP now )ADVP , )PRN (NP U.S. Attorney General )NP )NP )VP )VP )S )VP )S )SBAR )NP )PP )VP )S )VP . )S  STOP
(S (NP It )NP (VP was (ADVP also )ADVP (PP in (NP law school )NP )PP (SBAR (WHADVP that )WHADVP (S (NP (NP Mr. O'Kicki )NP and (NP his first wife )NP )NP (VP had (NP (NP the first )NP (PP of (NP seven *UNK )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP (VP *UNKED (NP his first wife )NP (ADVP (NP three years )NP ago )ADVP )VP and (VP married (NP (NP the daughter )NP (PP of (NP his court *UNK )NP )PP )NP )VP )VP . )S  STOP
(S (NP Last year )NP , (NP Pennsylvania Supreme Court Justice John P. *UNKC )NP (VP called (S (NP Mr. O'Kicki )NP (NP (NP one )NP (PP of (NP (NP the *UNK judges )NP `` (PP (CONJP not only )CONJP (PP in (NP Pennsylvania )NP )PP but (PP in (NP the United States )NP )PP )PP )NP )PP )NP )S )VP . '' )S  STOP
(S (ADVP *UNKLY )ADVP , (NP the judge )NP (VP has (VP had (NP (NP his share )NP (PP of (NP *UNK )NP )PP )NP )VP )VP . )S  STOP
(S (S (PP After (S (VP *UNKING (NP law )NP (ADVP *UNKLY )ADVP )VP )S )PP , (NP he )NP (VP was (VP elected (PP to (NP (NP his first 10-year term )NP (PP as (NP judge )NP )PP )NP )PP (PP in (NP 1971 )NP )PP )VP )VP )S ; (S (PP in (NP 1981 )NP )PP , (NP he )NP (VP was (ADVP effectively )ADVP (VP *UNKED )VP )VP )S . )S  STOP
(S (ADVP (NP *UNKC years )NP ago )ADVP , (NP Judge O'Kicki )NP (VP was (VP voted (S (NP (NP president )NP (PP of (NP (NP the Pennsylvania *UNKC )NP (PP of (NP State *UNKC *UNKC )NP )PP )NP )PP )NP )S (PP by (NP (NP the state 's )NP 400 judges )NP )PP )VP )VP . )S  STOP
(S (NP He )NP (VP has (VP been (VP considered (NP several times )NP (PP for (NP (NP *UNK )NP (PP to (NP (NP federal district and *UNK court *UNK )NP (PP in (NP Pennsylvania )NP )PP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S And (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP ran (ADVP *UNKLY )ADVP (PP for (NP a state appellate court seat )NP )PP (PP in (NP 1983 )NP )PP )VP )S )SBAR , (NP the Pennsylvania *UNKC Association )NP (VP rated (S (NP him )NP `` (NP (NP one )NP (PP of (NP (NP the best )NP (ADJP available )ADJP )NP )PP )NP )S , '' (PP after (S (VP *UNKING (NP local lawyers )NP )VP )S )PP )VP . )S  STOP
(SINV `` (S (NP He )NP (ADVP probably )ADVP (VP was (NP (NP the *UNK guy )NP (SBAR (WHNP who )WHNP (S (ADVP ever )ADVP (VP sat (PP on (NP our bench )NP )PP )VP )S )SBAR )NP )VP )S , '' (VP says )VP (NP (NP a former president )NP (PP of (NP (NP Cambria County 's )NP *UNK- bar association )NP )PP , (SBAR (WHNP who )WHNP (S (PRN , (PP like (NP (NP most lawyers )NP (PP in (NP Cambria County )NP )PP )NP )PP , )PRN (VP *UNK (S (VP to (VP talk (PP about (NP the judge )NP )PP )VP )VP )S (ADVP publicly )ADVP )VP )S )SBAR )NP . )SINV  STOP
(S `` (NP He )NP (VP 's (ADJP (ADJP sharp )ADJP (PP as (NP a *UNK )NP )PP )ADJP )VP . )S  STOP
(S (NP He )NP (VP could (VP *UNK (NP an issue )NP (PP with (NP (NP the *UNK )NP (PP of (NP an eye )NP )PP )NP )PP )VP )VP . '' )S  STOP
(S (PP For (NP (NP more )NP (PP than (NP a decade )NP )PP )NP )PP , (NP virtually no one )NP (VP complained (PP about (NP Judge O'Kicki )NP )PP )VP . )S  STOP
(SINV `` (FRAG (WHNP What )WHNP (PP about (NP (NP (NP those institutions )NP (SBAR (WHNP that )WHNP (S (VP are (VP supposed (S (VP to (VP be (NP (NP the *UNK )NP (PP of (NP society )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )NP , (NP (NP the banks )NP and (NP the bar association )NP )NP )NP )PP )FRAG ... ? '' (VP wrote )VP (NP (NP a columnist )NP (PP for (NP (NP the *UNKC )NP , (NP (NP a newspaper )NP (PP in (NP nearby *UNKC )NP )PP )NP , )NP )PP )NP (SBAR (ADVP shortly )ADVP after (S (NP the scandal )NP (VP became (ADJP public )ADJP )VP )S )SBAR . )SINV  STOP
(S `` (SBAR If only (S (NP (NP a banker )NP or (NP a lawyer )NP )NP (VP had (VP *UNK (PRT out )PRT (ADVP (NP years )NP ago )ADVP )VP )VP )S )SBAR , (NP the judicial process )NP (VP would n't (VP be (PP under (NP (NP the *UNK )NP (SBAR (S (NP it )NP (VP is (NP today )NP )VP )S )SBAR )NP )PP )VP )VP . '' )S  STOP
(S (NP (NP Officials )NP (PP with (NP (NP the Pennsylvania *UNKC *UNKC and *UNKC Board )NP , (NP (NP the arm )NP (PP of (NP the state )NP )PP (SBAR (WHNP that )WHNP (S (VP *UNK (NP judicial *UNK )NP )VP )S )SBAR )NP , )NP )PP )NP (VP counter (SBAR that (S (NP they )NP (VP had (NP (NP no *UNKING )NP (PP of (NP (NP anything )NP (ADJP *UNK )ADJP (PP in (NP *UNKC )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (S (NP Nobody )NP (VP told (NP us )NP )VP )S ; (S (NP nobody )NP (VP called (NP us )NP )VP )S )S , '' (VP says )VP (NP (NP an official )NP (ADVP close (PP to (NP the case )NP )PP )ADVP (SBAR (WHNP who )WHNP (S (VP asked (S not (VP to (VP be (VP named )VP )VP )VP )S )VP )S )SBAR )NP . )SINV  STOP
(S `` (NP Nobody )NP (VP had (NP (NP the *UNK )NP (SBAR (S (VP to (VP complain )VP )VP )S )SBAR )NP )VP . '' )S  STOP
(FRAG *UNKLY not (NP the lawyers )NP . )FRAG  STOP
(S (S (NP *UNKC attorney Richard J. Green Jr. )NP (VP *UNKED (PRT out )PRT (NP (NP $ 500 )NP (PP in (NP loans )NP )PP )NP (PP to (NP the judge )NP )PP (PP over (NP five years )NP )PP )VP )S , (NP he )NP (VP said (PP in (NP (NP testimony )NP (PP to (NP the grand jury )NP )PP )NP )PP )VP . )S  STOP
(SINV `` (S (NP The judge )NP (ADVP never )ADVP (VP made (NP (NP a *UNK )NP (PP of (S (VP *UNKING (NP the money )NP )VP )S )PP )NP )VP )S , '' (VP said )VP (NP Mr. Green )NP . )SINV  STOP
(S (ADVP Eventually )ADVP (PRN , (NP Mr. Green )NP (VP *UNKED )VP , )PRN (NP he )NP (VP began (S (VP (VP *UNKING (ADVP out (PP of (NP his office )NP )PP )ADVP )VP (PP rather than (VP face (NP the judge )NP )VP )PP (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP visited )VP )S )SBAR )VP )S )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP Mr. Green )NP (VP won (NP (NP a (ADJP $ *UNKN )ADJP *UNK )NP (PP in (NP (NP a land *UNK case )NP (PP against (NP the state )NP )PP )NP )PP )NP (PP in (NP June 1983 )NP )PP )VP )S )SBAR , (NP he )NP (VP says (SBAR (S (NP Judge O'Kicki )NP (VP (ADVP unexpectedly )ADVP awarded (NP him )NP (NP an additional $ 100,000 )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Green )NP (VP thought (NP little )NP (PP of (NP it )NP )PP (PRN , (S (NP he )NP (VP told (NP the grand jury )NP )VP )S , )PRN (SBAR until (S (NP the judge )NP (VP (VP *UNKED (ADVP up (PP to (NP him )NP )PP )ADVP (SBAR after (S (NP the *UNK )NP (VP had (VP cleared )VP )VP )S )SBAR )VP and (VP suggested (NP a *UNK )NP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (SQ Do n't (NP you )NP (VP think (SBAR (S (NP I )NP (VP ought (S (VP to (VP get (NP (NP a commission )NP ... or (NP (NP part )NP (PP of (NP your fee )NP )PP )NP )NP (PP in (NP this case )NP )PP )VP )VP )S )VP )S )SBAR )VP )SQ ? '' (NP Mr. Green )NP (VP said (SBAR (S (NP the judge )NP (VP asked (NP him )NP )VP )S )SBAR )VP . )S  STOP
(S (S (S (ADJP *UNKED )ADJP )S , (NP Mr. Green )NP (ADVP never )ADVP (VP paid (NP the money )NP )VP )S , (NP he )NP (VP *UNKED )VP . )S  STOP
(S But (NP he )NP (VP did n't (VP complain (PP to (NP (NP the state 's )NP *UNKC *UNKC and *UNKC Board )NP )PP , (ADVP either )ADVP , (S (VP saying (ADVP later )ADVP (SBAR that (S (NP he )NP (VP feared (NP *UNK )NP )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(S (NP Mr. O'Kicki )NP (VP said (SBAR (S (NP he )NP (VP will (VP respond (PP to (NP (NP Mr. Green 's )NP *UNK )NP )PP (PP at (NP his trial )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Like (NP (NP most )NP (PP of (NP (NP (NP Cambria County 's )NP lawyers and residents )NP (SBAR (WHNP who )WHNP (S (VP had (NP (NP dealings )NP (PP with (NP the judge )NP )PP )NP )VP )S )SBAR )NP )PP )NP )PP , (NP Mr. Green )NP (VP declined (S (VP to (VP be (VP interviewed (PP for (NP this article )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S And (NP (NP no one )NP (PP with (NP (NP a complaint )NP (PP about (NP the judge )NP )PP )NP )PP )NP (VP would (VP allow (S (NP his name )NP (VP to (VP be (VP *UNKED )VP )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (S (NP I )NP (VP do n't (VP have (NP (NP anything )NP (ADJP much )ADJP (SBAR (S (VP to (VP say )VP )VP )S )SBAR )NP )VP )VP )S , and (S (NP I )NP (VP think (SBAR (S (NP that )NP (VP 's (SBAR (WHNP what )WHNP (S (NP you )NP (VP 're (VP going (S (VP to (VP find (PP from (NP (NP everyone else )NP (SBAR (S (NP you )NP (VP talk (PP to )PP (ADVP up here )ADVP )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )VP )S )S , '' (VP says )VP (NP local attorney Edward F. *UNKC )NP . )SINV  STOP
(SINV (VP Says )VP (NP another lawyer )NP : `` (S (NP (NP The practice )NP (PP of (NP law )NP )PP )NP (VP is (NP (NP a matter )NP (PP of (S (VP *UNKING (NP (NP one 's )NP *UNK )NP (SBAR (WHADVP when )WHADVP (S (NP you )NP (VP live (PP in (NP a small community )NP )PP )VP )S )SBAR )VP )S )PP )NP )VP )S . )SINV  STOP
(S (NP One )NP (VP had (PRT best )PRT (S not (VP *UNK (PP on (NP (NP top )NP (PP of (NP a *UNK )NP )PP )NP )PP (SBAR until (S (NP the *UNK )NP (VP is (VP *UNKED (S (ADJP *UNKLY shut )ADJP )S )VP )VP )S )SBAR )VP )S )VP . '' )S  STOP
(S (S (NP The judge )NP (VP was (VP considered (S (ADJP *UNK , *UNK and ambitious )ADJP )S )VP )VP )S , (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP *UNKED (PP before (NP him )NP )PP )VP )S )SBAR )NP (VP say )VP . )S  STOP
(S (NP He )NP (VP *UNKED (NP (NP *UNK )NP (ADJP sweetened (PP with (NP *UNK )NP )PP )ADJP )NP (PP from (NP (NP his *UNKED *UNK *UNK )NP (PP at (NP his bench )NP )PP )NP )PP , (SBAR while (S (VP *UNKING (NP (NP notes )NP (VP *UNKING (S (NP *UNK )NP (VP (VP to (VP stop (NP *UNKING )NP )VP )VP or (VP to (VP take (PRT off )PRT (NP their *UNK )NP )VP )VP (PP in (NP his courtroom )NP )PP )VP )S )VP )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP (NP Four years )NP ago )ADVP , (NP he )NP (VP *UNKED (NP (NP all nine members )NP (PP of (NP the Cambria County School Board )NP )PP )NP (PP for (NP several hours )NP )PP (SBAR after (S (NP they )NP (VP *UNKED (NP his order (S (VP to (VP extend (NP the school year )NP (PP by (NP several weeks )NP )PP (S (VP to (VP make (PRT up )PRT (PP for (NP (NP time )NP (VP lost (PP during (NP (NP a teachers ' )NP strike )NP )PP )VP )NP )PP )VP )VP )S )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP in (NP his *UNK )NP )PP )NP (VP say (SBAR (S (NP he )NP (VP could (VP *UNK (ADVP *UNKLY )ADVP (NP (NP the years , months , weeks and days )NP (VP remaining (SBAR until (S (NP mandatory retirement )NP (VP would (VP force (ADVP aside )ADVP (NP the *UNKING president judge )NP , (S (VP giving (NP Judge O'Kicki )NP (NP (NP the *UNK )NP (VP required (S (VP to (VP take (PRT over )PRT (PP as (NP (NP the *UNK 's )NP top court *UNK )NP )PP )VP )VP )S )VP )NP )VP )S )VP )VP )S )SBAR )VP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The judge )NP (PRN , (S (NP they )NP (VP say )VP )S , )PRN (VP was (ADJP *UNKLY *UNK (PP of (NP his *UNK and *UNK )NP )PP )ADJP )VP . )S  STOP
(S `` (S (NP My name )NP (VP is (NP judge )NP )VP )S , '' (NP Judge O'Kicki )NP (VP told (NP (NP a car salesman )NP (PP in (NP *UNKC )NP )PP )NP (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP bought (NP a new red *UNKC *UNKC )NP (PP in (NP October 1984 )NP )PP )VP )S )SBAR , (PP according (PP to (NP the *UNK- report )NP )PP )PP )VP . )S  STOP
(S (NP The *UNK )NP (ADVP *UNKLY )ADVP (VP recorded (NP the sale )NP (PP under (NP (NP the name )NP `` (NP Judge O'Kicki )NP )NP )PP )VP . '' )S  STOP
(SINV (S (ADVP Yet )ADVP , (PP despite (NP (NP the judge 's )NP *UNK *UNKING )NP )PP , (NP no one )NP (ADVP ever )ADVP (VP had (NP (NP reason )NP (SBAR (S (VP to (VP suspect (NP possible *UNKING )NP )VP )VP )S )SBAR )NP )VP )S , (VP says )VP (NP (NP John *UNKC )NP , (NP (NP president )NP (PP of (NP (NP Cambria County 's )NP *UNK- bar association )NP )PP )NP )NP . )SINV  STOP
(SINV `` (S (NP (NP (NP The *UNK )NP (PP of (NP a judge )NP )PP )NP , (NP his *UNK )NP , (NP (NP the way )NP (SBAR (S (NP he )NP (VP *UNK (NP people )NP )VP )S )SBAR )NP )NP (VP are not (NP (NP a basis )NP (PP for (S (VP filing (NP a complaint )NP )VP )S )PP )NP )VP )S , '' (VP says )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S `` (SBAR Until (S (NP this )NP (VP (VP came (PRT up )PRT )VP and (VP hit (NP the press )NP )VP )VP )S )SBAR , (NP there )NP (VP was (ADVP never )ADVP (NP any indication (SBAR that (S (NP he )NP (VP was (VP doing (NP (NP anything )NP (ADJP wrong )ADJP )NP )VP )VP )S )SBAR )NP )VP . '' )S  STOP
(S (NP State investigators )NP (VP dispute (NP that view )NP (ADVP now )ADVP , (PP (ADVP particularly )ADVP in (NP (NP light )NP (PP of (NP (NP (NP the judge 's )NP various business dealings )NP (PP in (NP Cambria County )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP The judge )NP (VP came (PP under (NP scrutiny )NP )PP (PP in (NP late 1987 )NP )PP , (SBAR after (S (NP (NP the state attorney general 's )NP office )NP (VP launched (NP (NP an unrelated investigation )NP (PP into (NP (NP corruption )NP (PP in (NP Cambria County )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The inquiry )NP (ADVP soon )ADVP (VP focused (PP on (NP the judge )NP )PP )VP . )S  STOP
(S (NP Even his routine business transactions )NP (VP caused (NP trouble )NP , (PP according (PP to (NP the grand jury report )NP )PP )PP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP the judge )NP (VP bought (NP his new *UNKC )NP (PP from (NP (NP James E. Black *UNKC )NP (PP in (NP *UNKC )NP )PP )NP )PP (ADVP (NP five years )NP ago )ADVP )VP )S )SBAR , (NP the *UNK )NP (VP had (NP `` (NP certain *UNK )NP '' (PP about (NP (NP the judge 's )NP reputation )NP )PP )NP , (PP according (PP to (NP the *UNK- report )NP )PP )PP )VP . )S  STOP
(S (NP The *UNK )NP (VP took (NP (NP the extra step )NP (PP of (S (VP having (S (NP (NP all the paper work )NP (PP for (NP the transaction )NP )PP )NP (VP *UNKED (PP by (NP (NP (NP *UNKC 's )NP local *UNK )NP , (NP *UNKC Bank )NP )NP )PP )VP )S )VP )S )PP )NP )VP . )S  STOP
(S (ADVP Then )ADVP , (PP as (NP an additional *UNK )NP )PP , (NP the car dealership )NP (VP took (NP (NP (NP the judge 's )NP *UNK )NP )NP (SBAR as (S (NP he )NP (VP stood (ADVP next (PP to (NP his new car )NP )PP )ADVP (PP with (NP (NP sales papers )NP (PP in (NP hand )NP )PP )NP )PP )VP )S )SBAR -- (NP *UNK (SBAR that (S (NP he )NP (VP had (VP received (NP the loan documents )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S But (SBAR (WHADVP when )WHADVP (S (NP the judge )NP (VP received (NP his payment book )NP )VP )S )SBAR , (NP he )NP (VP *UNKED (NP the deal )NP )VP . )S  STOP
(S `` (S (S (NP There )NP (VP was (NP no loan )NP )VP )S , (S (NP there )NP (VP is (NP no loan )NP )VP )S , (S (NP there )NP (ADVP never )ADVP (VP shall (VP be (NP a loan )NP )VP )VP )S )S , '' (NP the judge )NP (VP wrote (NP the bank )NP (PP on (NP his judicial *UNK )NP )PP , (PP according (PP to (NP the report )NP )PP )PP )VP . )S  STOP
(S (ADVP Later )ADVP , (NP the judge )NP (VP went (NP a step )NP (ADVP *UNK )ADVP )VP . )S  STOP
(S (SBAR After (S (NP *UNKC Bank )NP (VP tried (S (VP to (VP *UNK (NP the car )NP )VP )VP )S )VP )S )SBAR , (NP a vice president )NP (VP asked (NP him )NP (S (VP to (VP *UNK (PP in (NP (NP an unrelated legal dispute )NP (VP involving (NP a trust account )NP )VP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The judge )NP (VP wrote (ADVP again )ADVP )VP . )S  STOP
(S `` (S (S (NP I )NP (VP find (NP myself )NP (PP in (NP (NP an *UNK relationship )NP (PP with (NP *UNKC Bank )NP )PP )NP )PP )VP )S , and (S (NP I )NP (VP am not (ADJP *UNKED (S (VP to (VP extend (NP myself )NP (ADVP (ADVP as far )ADVP (SBAR as (S (NP any favors )NP (VP are (VP concerned )VP )VP )S )SBAR )ADVP )VP )VP )S )ADJP )VP )S )S , '' (NP the judge )NP (VP wrote (ADVP back )ADVP (PP in (NP (NP a letter )NP (VP attached (PP to (NP (NP the grand jury 's )NP report )NP )PP )VP )NP )PP )VP . )S  STOP
(S `` (ADVP Perhaps )ADVP (SBAR if (S (NP my personal matters )NP (VP can (VP be (VP resolved (PP with (NP *UNKC bank )NP )PP (PP in (NP the near future )NP )PP )VP )VP )VP )S )SBAR , (NP I )NP (VP may (VP be (VP inclined (S (VP to (VP *UNK (NP your request )NP )VP )VP )S )VP )VP )VP ... . '' )S  STOP
(S (NP The judge )NP (ADVP now )ADVP (VP (VP says (SBAR (S (NP (NP it )NP )NP (VP was `` (ADJP *UNK )ADJP '' (SBAR that (S (NP he )NP (VP chose (S (VP to (VP write (NP the letter )NP )VP )VP )S )VP )S )SBAR )VP )S )SBAR )VP but (VP says `` (S (NP there )NP (VP was (ADVP certainly )ADVP (NP no intent (S (VP to (VP *UNK )VP )VP )S )NP (ADVP there )ADVP )VP )S )VP )VP . '' )S  STOP
(S (NP The bank )NP (VP *UNKED )VP . )S  STOP
(S (NP It )NP (VP (VP *UNKED (NP (NP the judge 's )NP loan )NP )VP , (VP lowered (NP its interest rate )NP )VP and (VP accepted (NP (NP (NP a *UNK- )NP (SBAR (WHNP that )WHNP (S (VP had n't (ADVP originally )ADVP (VP been (NP (NP part )NP (PP of (NP the deal )NP )PP )NP )VP )VP )S )SBAR )NP -- (NP (NP a (ADJP beat (PRT up )PRT )ADJP 1981 *UNKC *UNKC )NP (SBAR (S (NP the dealer )NP (VP had (S (VP to (VP repair (SBAR before (S (NP it )NP (VP could (VP be (VP *UNK )VP )VP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )NP )NP )VP )VP . )S  STOP
(S (NP The incident )NP (VP was n't (NP (NP the only time )NP (SBAR (S (NP the judge )NP (VP got (NP special treatment )NP (PP from (NP his local bank )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP (NP Two years )NP later )ADVP , (NP he )NP (VP wrote (S (VP to (VP complain (SBAR that (S (NP (NP the interest )NP (SBAR (S (NP he )NP (VP was (VP paying (PP on (NP an unsecured (ADJP $ 10,000 )ADJP loan )NP )PP )VP )VP )S )SBAR )NP (VP was `` (ADJP absolutely *UNK )ADJP )VP )S )SBAR )VP )VP )S )VP . '' )S  STOP
(S (NP (NP Paul L. *UNKC )NP , (NP (NP (NP *UNKC 's )NP president )NP (PP at (NP the time )NP )PP )NP , )NP (VP (ADVP quickly )ADVP responded )VP . )S  STOP
(S (NP The bank )NP (PRN , (S (NP he )NP (VP wrote (ADVP back )ADVP )VP )S , )PRN (VP was `` (ADVP immediately )ADVP '' (VP *UNKING (NP the rate )NP (PP by (NP 3.5 % )NP )PP , `` (PP as (NP (NP a *UNK )NP (PP to (NP you )NP )PP )NP )PP )VP )VP . '' )S  STOP
(S (NP The judge )NP (VP says (SBAR (S (NP he )NP (VP ca n't (VP discuss (PP in (NP detail )NP )PP (SBAR (WHADVP how )WHADVP (S (NP he )NP (VP will (VP defend (NP himself )NP (PP at (NP his trial )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR , (SBAR although (S (NP he )NP (VP contends (SBAR that (S (SBAR if (S (NP he )NP (VP were (ADJP (ADJP as *UNK )ADJP (SBAR as (S (NP state prosecutors )NP (VP believe )VP )S )SBAR )ADJP )VP )S )SBAR , (NP he )NP (VP would (VP be (ADJP (ADJP far *UNK )ADJP (SBAR than (S (NP he )NP (VP is )VP )S )SBAR )ADJP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP His *UNK- *UNK and *UNK house )NP (ADVP outside (PP of (NP *UNKC )NP )PP )ADVP )NP (VP is (ADVP up (PP for (NP sale )NP )PP )ADVP (S (VP to (VP pay (PP for (NP his lawyers )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The judge )NP (VP says (SBAR (S (NP he )NP (VP is (ADJP confident (SBAR (S (NP he )NP (VP will (VP return (PP to (NP his old bench )NP )PP )VP )VP )S )SBAR )ADJP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Already )ADVP (PRN , (S (NP he )NP (VP notes )VP )S , )PRN (NP (NP the 76 charges )NP (VP (ADVP originally )ADVP filed (PP against (NP him )NP )PP )VP )NP (VP have (VP been (VP trimmed (PP to (NP 27 )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP Most )NP (PP of (NP (NP the allegations )NP (ADJP (ADVP no longer )ADVP pending )ADJP )NP )PP )NP (VP were (NP (NP *UNK charges )NP (VP *UNK (PP by (NP state prosecutors )NP )PP (PP as (NP (NP part )NP (PP of (NP a *UNK- agreement )NP )PP )NP )PP )VP )NP )VP . )S  STOP
(S (NP (NP (NP The heart )NP (PP of (NP the case )NP )PP )NP (PRN -- `` (NP official *UNK )NP '' -- )PRN )NP (VP remains (ADJP *UNK )ADJP )VP . )S  STOP
(SINV `` (S (SBAR If (S (NP I )NP (VP lose )VP )S )SBAR , (NP I )NP (VP lose (NP (NP my position )NP , (NP my career )NP , (NP my pension )NP , (NP my home )NP and (NP my investments )NP )NP )VP )S , '' (VP says )VP (NP the judge )NP . )SINV  STOP
(S `` (NP (NP My God )NP and (NP I )NP )NP (VP know (SBAR (S (NP I )NP (VP am (ADJP correct and *UNK )ADJP )VP )S )SBAR )VP . )S  STOP
(NP (NP Many thanks )NP (PP for (NP (NP (NP Alexander *UNKC 's )NP comic *UNK )NP (PRN -LRB- (NP `` (NP (NP U.S. . *UNKC )NP : (NP (NP A House )NP (VP *UNKC (PP on (NP *UNKC *UNKC )NP )PP )VP )NP )NP , '' (NP *UNKC )NP , (NP Oct. 19 )NP )NP -RRB- )PRN )NP )PP . )NP  STOP
(S (NP (NP The use )NP (PP of (NP (NP the *UNK construction practices )NP (PP in (NP the Soviet Union )NP )PP (PRN -- (SBAR as (S (VP *UNKED (PP by (NP (NP the collapse )NP (PP of (NP sand apartment blocks )NP )PP (PP during (NP the *UNKC earthquake )NP )PP )NP )PP )VP )S )SBAR -- )PRN )NP )PP (PP as (NP (NP a *UNK )NP (PP for (NP the U.S. economic system )NP )PP )NP )PP )NP (VP was (NP (NP a *UNK example )NP (PP of (NP (NP Mr. *UNKC 's )NP *UNK *UNK )NP )PP )NP )VP . )S  STOP
(S (NP I )NP (VP *UNK (NP (NP his *UNK )NP : (NP (NP (NP (NP the (ADJP economic and social )ADJP *UNK )NP (PP of (NP the San Francisco Bay area )NP )PP )NP and (NP (NP the outstanding work )NP (PP of (NP (NP (NP the local governments )NP and (NP the private *UNK organizations )NP )NP (ADVP there )ADVP )NP )PP )NP )NP (PP as (NP (NP *UNK )NP (PP for (NP (NP the *UNK )NP (PP of (SBAR (WHNP whatever failed system )WHNP (S (NP Mr. *UNKC )NP (ADVP now )ADVP (VP believes (PP in )PP )VP )S )SBAR )PP )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (NP It )NP (VP should (VP be (NP a *UNK )NP )VP )VP . )S  STOP
(NP William S. Smith )NP  STOP
(S (PP As (NP (NP a money manager )NP and (NP a *UNK- *UNK )NP )NP )PP , (NP I )NP (VP was (ADJP very disappointed (S (VP to (VP read (PP in (NP (NP the *UNK issue )NP (PP of (NP *UNKC )NP )PP )NP )PP (SBAR (SBAR that (S (NP The Wall Street Journal )NP (VP uses (NP (NP *UNKN metric tons )NP (PP of (NP *UNK )NP )PP )NP (NP each year )NP )VP )S )SBAR , but (SBAR that (S (NP (NP (QP only 1.4 )QP % )NP (PP of (NP it )NP )PP )NP (VP comes (PP from (NP *UNKED paper )NP )PP )VP )S )SBAR )SBAR )VP )VP )S )ADJP )VP . )S  STOP
(S (PP By (NP contrast )NP )PP , (NP the Los Angeles Times )NP , (PP for (NP example )NP )PP , (VP uses (NP (ADJP *UNK % )ADJP *UNKED paper )NP )VP . )S  STOP
(S (PP (PP With (S (NP newspapers )NP (VP being (NP (NP the largest single *UNK )NP (PP of (NP solid waste )NP )PP (PP in (NP our *UNK )NP )PP )NP )VP )S )PP , and (PP with (S (NP our country )NP (VP *UNKING (PP with (NP *UNK )NP )PP )VP )S )PP , )PP (NP (NP (NP all sectors )NP (PP of (NP our society )NP )PP )NP and (NP (NP all types )NP (PP of (NP businesses )NP )PP )NP )NP (VP must (VP become (ADJP more responsible (PP in (NP (NP our use and *UNK )NP (PP of (NP precious natural resources )NP )PP )NP )PP )ADJP )VP )VP . )S  STOP
(S (NP The Wall Street Journal )NP (VP is (NP (NP an excellent publication )NP (SBAR (WHNP that )WHNP (S (NP I )NP (VP (VP enjoy (S (VP reading )VP )S )VP (PRN -LRB- and (VP must (VP read )VP )VP -RRB- )PRN (ADVP daily )ADVP )VP )S )SBAR )NP )VP . )S  STOP
(S (VP *UNKC (VP (VP make (S (NP (NP me )NP and (NP (NP thousands )NP (PP of (NP other readers )NP )PP )NP )NP (ADJP more comfortable (PP with (NP (NP our daily purchase )NP (PP of (NP your newspaper )NP )PP )NP )PP )ADJP )S (PP by (S (VP raising (NP your environmental standards )NP (PP to (NP your (ADJP overall *UNK )ADJP quality levels )NP )PP )VP )S )PP )VP , and (VP increase (NP (NP your use )NP (PP of (NP *UNKED paper )NP )PP )NP )VP )VP )VP . )S  STOP
(NP Virginia *UNKC *UNKC )NP  STOP
(S (NP *UNKC *UNKC *UNKC Corp. )NP (VP declared (NP (NP a special dividend )NP (PP of (NP (NP one share )NP (PP of (NP Class B common stock )NP )PP (PP for (NP (NP each share )NP (PP of (NP Class A common stock )NP )PP )NP )PP )NP )PP , (RRC (ADJP payable (PP to (NP (NP holders )NP (PP of (NP record )NP )PP (PP on (NP Nov. 10 )NP )PP )NP )PP )ADJP (SBAR if (S (NP the Securities and Exchange Commission )NP (VP *UNK (NP this )NP (PP as (NP (NP the effective date )NP (PP of (NP the registration statement )NP )PP )NP )PP )VP )S )SBAR )RRC )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP the (NAC Santa *UNKC , Calif. , )NAC *UNK- company )NP )PP )NP (VP approved (NP (NP the creation )NP (PP of (NP (NP this second class )NP (PP of (NP stock )NP )PP , (SBAR (SBAR (WHNP which )WHNP (S (VP will (VP be (VP traded (PP on (NP the national over-the-counter market )NP )PP )VP )VP )VP )S )SBAR and (SBAR (WHNP which )WHNP (S (NP the company )NP (VP said (SBAR (S (VP would (VP be (VP used (PP for (NP (NP acquisitions )NP and (NP other general corporate purposes )NP )NP )PP )VP )VP )VP )S )SBAR )VP )S )SBAR )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP The following )NP (VP were (PP among (NP (NP (NP yesterday 's )NP offerings and *UNK )NP (PP in (NP the (UCP U.S. and *UNK- )UCP capital markets )NP )PP )NP )PP , (PP with (NP (NP terms )NP and (NP syndicate manager )NP )NP )PP , (SBAR as (S (VP compiled (PP by (NP Dow Jones Capital Markets Report )NP )PP )VP )S )SBAR )VP : )S  STOP
(NP Continental *UNKC Inc. -- )NP  STOP
(S (NP (NP (QP $ 350 million )QP )NP (PP of (NP senior subordinated debentures )NP )PP , (ADJP due (NP Nov. 1 , 2004 )NP )ADJP , )NP (VP was (VP priced (PP at (NP par )NP )PP (S (VP to (VP yield (NP (QP 12 7\/8 )QP % )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (VP (VP Rated (S (ADJP *UNK- )ADJP )S (PP by (NP (NP Moody 's )NP Investors Service Inc. )NP )PP )VP and (VP (ADJP *UNK- )ADJP (PP by (NP (NP Standard & Poor 's )NP Corp. )NP )PP )VP )VP )S , (NP (NP the issue )NP , (SBAR (WHNP which )WHNP (S (VP is (ADJP *UNK- )ADJP (PP for (NP five years )NP )PP )VP )S )SBAR , )NP (VP will (VP be (VP sold (PP through (NP (NP underwriters )NP (VP led (PP by (NP Morgan Stanley & Co )NP )PP )VP )NP )PP )VP )VP )VP . )S  STOP
(NP Beatrice Co. -- )NP  STOP
(S (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP notes )NP )PP , (ADJP due (NP Nov. 1 , 1997 )NP )ADJP , )NP (VP was (VP priced (PP in (NP a *UNK- offering )NP )PP (PP through (NP (NP underwriters )NP (PP at (NP Salomon Brothers Inc )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The size )NP (PP of (NP the issue )NP )PP )NP (VP was (VP *UNKED (PRT back )PRT (PP from (NP an (ADJP originally planned )ADJP (QP $ 350 million )QP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The first part )NP , (VP consisting (PP of (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP (ADJP (QP 13 3\/4 )QP % )ADJP senior subordinated reset notes )NP )PP )NP )PP )VP , )NP (VP was (VP priced (PP at (NP *UNKN )NP )PP )VP )VP . )S  STOP
(S (NP (NP The rate )NP (PP on (NP the notes )NP )PP )NP (VP will (VP be (VP reset (ADVP annually )ADVP (S (VP to (VP give (NP the issue )NP (NP (NP a market value )NP (PP of (NP 101 )NP )PP )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (ADVP However )ADVP , (NP (NP the maximum coupon )NP (SBAR (WHPP at (WHNP which )WHNP )WHPP (S (NP the notes )NP (VP can (VP be (VP reset )VP )VP )VP )S )SBAR )NP (VP is (NP (QP 16 1\/4 )QP % )NP )VP . )S  STOP
(S (NP The minimum coupon )NP (VP is (NP (QP 13 3\/4 )QP % )NP )VP . )S  STOP
(S (NP (NP The second part )NP , (VP consisting (PP of (NP (NP (QP $ 100 million )QP )NP (PP of (NP senior subordinated *UNK- notes )NP )PP )NP )PP )VP , )NP (VP was (VP priced (PP at (NP 99 3\/4 )NP )PP (S (VP to (VP *UNK (PP (NP 4.25 % )NP above (NP the three-month London interbank offered rate )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The initial coupon )NP (PP on (NP the *UNK- notes )NP )PP )NP (VP will (VP be (NP *UNKN % )NP )VP )VP . )S  STOP
(S (NP The issue )NP (VP is (VP (VP rated (S (ADJP *UNK- )ADJP )S (PP by (NP Moody 's )NP )PP )VP and (VP (ADJP *UNK- )ADJP (PP by (NP S&P )NP )PP )VP )VP )VP . )S  STOP
(NP New Jersey *UNKC *UNKC Trust -- )NP  STOP
(S (NP (NP (ADJP (QP $ *UNKN million )QP )ADJP , *UNK- offering )NP (PP of (NP bonds )NP )PP )NP (ADVP apparently )ADVP (VP was (VP won (PP by (NP a Merrill Lynch Capital Markets group )NP )PP )VP )VP . )S  STOP
(S (NP (NP (NP The group 's )NP bid )NP (PP for (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP (NP *UNK treatment insured bonds )NP , (NP Series 1989 A )NP , )NP )PP )NP )PP )NP (VP produced (NP a (ADJP *UNKN % )ADJP true interest cost )NP )VP . )S  STOP
(S (NP The Series 1989 A bonds )NP (VP are (VP (VP insured )VP and (VP rated (S (ADJP triple-A )ADJP )S (PP by (NP Moody 's and S&P )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP (NP The group 's )NP bid )NP (PP for (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP (NP *UNK treatment bonds )NP , (NP Series 1989 B )NP , )NP )PP )NP )PP )NP (VP produced (NP a (ADJP *UNKN % )ADJP true interest cost )NP )VP . )S  STOP
(S (NP The Series 1989 B bonds )NP (VP are (UCP (ADJP *UNKED )ADJP and (VP rated (S (ADJP *UNK- )ADJP )S (PP by (NP Moody 's and S&P )NP )PP )VP )UCP )VP . )S  STOP
(S (NP Both the Series 1989 A and Series 1989 B bonds )NP (VP were (VP priced (S (VP to (VP yield (PP (PP from (NP (NP 6 % )NP (PP in (NP 1991 )NP )PP )NP )PP (PP to (NP (NP *UNKN % )NP (PP in (NP *UNKN )NP )PP )NP )PP )PP )VP )VP )S , (PP according (PP to (NP a Merrill Lynch official )NP )PP )PP )VP )VP . )S  STOP
(NP (NP *UNKC County Navigation District No. 1 )NP , (NP Texas )NP -- )NP  STOP
(S (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP pollution control revenue bonds )NP )PP (PRN -LRB- (NP Houston *UNKING & Power Co . *UNKC )NP -RRB- )PRN , (ADJP due (NP Oct. 1 , 2019 )NP )ADJP , )NP (VP were (VP (ADVP tentatively )ADVP priced (PP by (NP a Goldman , Sachs & Co. group )NP )PP (PP at (NP (QP 98 1\/4 )QP )NP )PP (S (VP to (VP yield (NP *UNKN % )NP (PP with (NP (NP a coupon )NP (PP of (NP (QP 7 1\/2 )QP % )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Interest )NP (PP on (NP the bonds )NP )PP )NP (VP will (VP be (VP *UNKED (PP as (NP a preference item )NP )PP (PP in (S (VP *UNKING (NP (NP the federal alternative minimum tax )NP (SBAR (WHNP that )WHNP (S (VP may (VP be (VP imposed (PP on (NP certain investors )NP )PP )VP )VP )VP )S )SBAR )NP )VP )S )PP )VP )VP )VP . )S  STOP
(S (NP The bonds )NP (VP are (VP (VP insured )VP and (VP rated (S (ADJP triple-A )ADJP )S (PP by (NP (NP Moody 's )NP and (NP S&P )NP )NP )PP )VP )VP )VP . )S  STOP
(NP Federal Home Loan Mortgage Corp. -- )NP  STOP
(S (NP (NP (QP $ 500 million )QP )NP (PP of (NP Remic mortgage securities )NP )PP )NP (VP is (VP being (VP offered (PP in (NP 11 classes )NP )PP (PP by (NP a Morgan Stanley group )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP The offering )NP , (NP Series *UNKN )NP , )NP (VP is (VP backed (PP by (NP Freddie Mac (ADJP 10 % )ADJP securities )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC details )NP (VP were n't (ADJP immediately available )ADJP )VP . )S  STOP
(NP *UNKC Mortgage Funding Corp. II -- )NP  STOP
(S (NP (NP (ADJP (QP $ 100 million )QP )ADJP issue )NP (PP of (NP *UNKED mortgage obligations )NP )PP )NP (VP is (VP being (VP offered (PP in (NP four classes )NP )PP (PP by (NP a Morgan Stanley group )NP )PP )VP )VP )VP . )S  STOP
(S (NP The securities )NP (VP yield (PP (PP from (NP *UNKN % )NP )PP (PP to (NP *UNKN % )NP )PP )PP (PP for (NP a 30-year issue )NP )PP (PP with (NP (NP an average life )NP (PP of (NP *UNKN years )NP )PP )NP )PP )VP . )S  STOP
(S (NP The (ADJP *UNKN % )ADJP yield )NP (VP represents (NP (NP a spread )NP (PP to (NP the *UNK- Treasury )NP )PP (PP of (NP *UNKN percentage points )NP )PP )NP )VP . )S  STOP
(S (NP The collateral )NP (VP consists (PP of (NP (NP *UNKED whole loans )NP (PP with (NP (NP (NP a *UNKED average coupon rate )NP (PP of (NP *UNKN % )NP )PP )NP and (NP (NP *UNKED average remaining term )NP (PP to (NP maturity )NP )PP (PP of (NP 28 years )NP )PP )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP The issue )NP (VP is (VP rated (S (ADJP triple-A )ADJP )S (PP by (NP (NP S&P )NP , (NP Moody 's )NP and (NP *UNKC Investors Service Inc )NP )NP )PP )VP )VP . )S  STOP
(S (S (NP The issue )NP (VP is (ADJP (NP (QP 6 % to 7 % )QP )NP *UNKED )ADJP )VP )S , and (S (NP (NP 75 % )NP (PP of (NP the loans )NP )PP )NP (VP are (VP covered (PP by (NP (NP a General Electric pool policy )NP (VP covering (NP (NP losses )NP (PP of (NP (NP (QP as much as 10 % )QP )NP (PP of (NP (NP the original principal balance )NP (PP of (NP the loans )NP )PP )NP )PP )NP )PP )NP )VP )NP )PP )VP )VP )S . )S  STOP
(NP *UNKC Penney Co. -- )NP  STOP
(S (NP (NP (QP $ 350 million )QP )NP (PP of (NP (NP *UNKC *UNKC Credit *UNKC Trust asset-backed certificates )NP , (NP Series B )NP , (PP with (NP (NP a final stated maturity )NP (PP of (NP Oct. 15 , *UNKN )NP )PP )NP )PP , )NP )PP )NP (VP was (VP priced (PP at (NP *UNKN )NP )PP (S (VP to (VP yield (NP *UNKN % )NP (PP with (NP (NP a coupon )NP (PP of (NP *UNKN % )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The certificates )NP , (SBAR (WHNP which )WHNP (S (VP have (NP (NP an average life )NP (PP of (NP *UNKN years )NP )PP )NP )VP )S )SBAR , )NP (VP were (VP priced (PP at (NP (NP *UNKN percentage points )NP (PP over (NP the benchmark Treasury 10-year note )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (VP Rated (S (ADJP triple-A )ADJP )S (PP by (NP (NP Moody 's )NP and (NP S&P )NP )NP )PP )VP )S , (NP the issue )NP (VP will (VP be (VP sold (PP through (NP First Boston Corp )NP )PP )VP )VP )VP . )S  STOP
(S (NP The issue )NP (VP is (VP backed (PP by (NP (NP a (ADJP 12 % )ADJP letter )NP (PP of (NP credit )NP )PP (PP from (NP Credit Suisse )NP )PP )NP )PP )VP )VP . )S  STOP
(NP (NP *UNKC *UNKC Electric *UNKC Co . )NP (PRN -LRB- (NP Japan )NP -RRB- )PRN -- )NP  STOP
(NP (NP (QP $ 300 million )QP )NP (PP of (NP (NP bonds )NP (ADJP due (NP Nov. 16 , 1993 )NP )ADJP , (PP with (NP equity-purchase warrants )NP )PP , (VP indicating (NP (NP a (ADJP (QP 3 3\/4 )QP % )ADJP coupon )NP (PP at (NP par )NP )PP )NP )VP (PP via (NP Nomura International Ltd )NP )PP )NP )PP . )NP  STOP
(S (NP Each (ADJP $ 5,000 )ADJP bond )NP (VP carries (NP (NP one warrant )NP , (ADJP exercisable (PP (PP from (NP Nov. 30 )NP )PP (PP through (NP Nov. 2 , 1993 )NP )PP )PP )ADJP , (S (VP to (VP buy (NP company shares )NP (PP at (NP (NP an expected premium )NP (PP of (NP (QP 2 1\/2 )QP % )NP )PP (PP to (NP the closing share price )NP )PP )NP )PP (SBAR (WHADVP when )WHADVP (S (NP terms )NP (VP are (VP fixed (NP Tuesday )NP )VP )VP )S )SBAR )VP )VP )S )NP )VP . )S  STOP
(NP (NP *UNKC *UNKC Co . )NP (PRN -LRB- (NP Japan )NP -RRB- )PRN -- )NP  STOP
(NP (NP (QP $ 200 million )QP )NP (PP of (NP (NP bonds )NP (ADJP due (NP Nov. 16 , 1994 )NP )ADJP , (PP with (NP equity-purchase warrants )NP )PP , (VP indicating (NP (NP a (ADJP (QP 4 1\/2 )QP % )ADJP coupon )NP (PP at (NP par )NP )PP )NP )VP (PP via (NP Yamaichi International Europe Ltd )NP )PP )NP )PP . )NP  STOP
(S (NP Each (ADJP $ 5,000 )ADJP bond )NP (VP carries (NP (NP one warrant )NP , (ADJP exercisable (PP (PP from (NP Nov. 30 )NP )PP (PP through (NP Nov. 2 , 1994 )NP )PP )PP )ADJP , (S (VP to (VP buy (NP company shares )NP (PP at (NP (NP an expected premium )NP (PP of (NP (QP 2 1\/2 )QP % )NP )PP (PP to (NP the closing share price )NP )PP )NP )PP (SBAR (WHADVP when )WHADVP (S (NP terms )NP (VP are (VP fixed (NP Monday )NP )VP )VP )S )SBAR )VP )VP )S )NP )VP . )S  STOP
(NP (NP *UNKC Electric Power Co . )NP (PRN -LRB- (NP Japan )NP -RRB- )PRN -- )NP  STOP
(NP (NP (QP $ 150 million )QP )NP (PP of (NP (NP (ADJP (QP 8 7\/8 )QP % )ADJP bonds )NP (ADJP due (NP Nov. 29 , 1996 )NP )ADJP , (VP priced (PP at (NP (QP 101 7\/8 )QP )NP )PP (S (VP to (VP yield (NP (NP (QP 8 7\/8 )QP % )NP (PP less (NP full fees )NP )PP )NP )VP )VP )S )VP (PP via (NP *UNKC Securities Ltd )NP )PP )NP )PP . )NP  STOP
(NP Fees (QP 1 7\/8 )QP . )NP  STOP
(NP (NP *UNKC *UNK *UNKC *UNK *UNKC )NP , (NP Singapore branch )NP (PRN -LRB- (NP Italian parent )NP -RRB- )PRN , (PP via (NP the Law *UNKC Trust Corp. )NP )PP -- )NP  STOP
(NP (NP (QP 10 billion )QP yen )NP (PRN -LRB- (NP (QP $ 70 million )QP )NP -RRB- )PRN (PP of (NP (NP (ADJP 6 % )ADJP bonds )NP (ADJP due (NP Feb. 24 , 1993 )NP )ADJP )NP )PP , (VP priced (PP at (NP (QP 101 1\/4 )QP )NP )PP )VP , (PP via (NP Daiwa Europe Ltd )NP )PP . )NP  STOP
(NP (NP *UNKC )NP (PRN -LRB- (NP Finland )NP -RRB- )PRN -- )NP  STOP
(NP (NP (QP 10 billion )QP yen )NP (PP of (NP 6 % bonds )NP )PP (ADJP due (NP Nov. 30 , 1992 )NP )ADJP , (VP priced (PP at (NP *UNKN )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP (PP via (NP *UNKC International )NP )PP . )NP  STOP
(S (NP *UNKC Inc. )NP (VP said (SBAR (S (NP it )NP (VP acquired (NP (NP *UNKC *UNKC Dr. *UNKC )NP , (NP (NP a German maker )NP (PP of (NP scientific instruments )NP )PP )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Terms )NP (VP were n't (VP disclosed )VP )VP . )S  STOP
(S (NP (NP The (NAC *UNKC , Mass. , )NAC maker )NP (PP of (NP (NP scientific instruments )NP and (NP electronic parts )NP )NP )PP )NP (VP said (SBAR (S (NP *UNKC )NP (VP (VP expects (NP (NP 1989 sales )NP (PP of (NP (NP (QP more than 100 million )QP Deutsche marks )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP )PP )NP )VP and (VP employs (NP (QP about 400 )QP people )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP (VP is (VP based (PP in (NP (NP *UNKC )NP , (NP West Germany )NP , )NP )PP )VP )VP and (VP (ADVP also )ADVP has (NP (NP operations )NP (PP in (NP Belgium )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP John M. *UNKC )NP , (NP (NP *UNKC 's )NP (NX (NX chairman )NX and (NX chief executive )NX )NX )NP , )NP (VP said (SBAR (S (NP the acquisition )NP `` (VP will (VP (VP extend (NP (NP *UNKC 's )NP core technologies )NP )VP , (VP strengthen (NP (NP its position )NP (PP in (NP the European Economic Community )NP )PP )NP )VP and (VP *UNK (NP (NP a strength and presence )NP (PP in (NP the Eastern European market )NP )PP )NP )VP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP it )NP (ADVP especially )ADVP (VP will (VP strengthen (NP (NP (NP the company 's )NP efforts )NP (PP (PP in (NP (NP the (ADJP rapidly growing )ADJP field )NP (PP of (NP *UNK- *UNK )NP )PP )NP )PP , and (PP in (NP applied nuclear *UNK )NP )PP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP sold (NP (NP most )NP (PP of (NP its Mason Research Institute subsidiary )NP )PP )NP (PP to (NP (NP *UNKC Sciences Inc. )NP , (NP (NP a (ADJP closely held )ADJP biotechnology company )NP (VP based (PP in (NP (NP *UNKC )NP , (NP Mass )NP )NP )PP )VP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP The sale )NP , (PP for (NP (NP (QP $ 7 million )QP )NP (PP in (NP cash and securities )NP )PP )NP )PP , )NP (VP will (VP leave (NP *UNKC )NP (PP with (NP (NP a (ADJP 12 % )ADJP stake )NP (PP in (NP *UNKC )NP )PP )NP )PP )VP )VP )S , (NP executives )NP (VP said )VP . )S  STOP
(S (NP Mason )NP (VP is (NP (NP the largest *UNK *UNK )NP (PP in (NP New England )NP )PP )NP , (PP with (NP (NP (NP annual revenue )NP (PP of (NP (QP $ 8 million )QP )NP )PP )NP and (NP 140 employees )NP )NP )PP )VP . )S  STOP
(S (NP Mason )NP (VP serves (NP (NP commercial and government customers )NP , (PP including (NP (NP the National *UNKC )NP (PP of (NP Health )NP )PP )NP )PP )NP )VP . )S  STOP
(SINV (S (NP The combined companies )NP (VP will (VP become (ADJP profitable )ADJP (PP by (NP January 1990 )NP )PP )VP )VP )S , (VP said )VP (NP (NP James P. *UNKC )NP , (NP (NP *UNKC 's )NP (NX (NX chairman )NX and (NX chief executive officer )NX )NX )NP )NP . )SINV  STOP
(S (NP The Internal Revenue Service )NP (VP said (SBAR (S (NP it )NP (VP is (ADJP willing (S (VP to (VP let (S (NP the U.S. Tax Court )NP (VP decide (SBAR (WHNP how much )WHNP (S (NP (NP oil man )NP (NP William *UNKC Hunt )NP )NP (VP will (VP *UNK (NP the government )NP (SBAR after (S (NP his assets )NP (VP are (VP *UNKED )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )S )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP The surprise announcement )NP (VP came (SBAR after (S (NP the IRS )NP (VP broke (PRT off )PRT (NP (NP negotiations )NP (PP with (NP Mr. Hunt )NP )PP (PP on (NP (NP a settlement )NP (PP of (NP (NP the one-time *UNK 's )NP personal bankruptcy case )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Although (S (NP the action )NP (VP *UNK (NP (NP one *UNK )NP (PP in (NP (NP the way )NP (PP of (NP (NP an overall settlement )NP (PP to (NP the case )NP )PP )NP )PP )NP )PP )NP )VP )S )SBAR , (NP it )NP (ADVP also )ADVP (VP means (SBAR that (S (NP Mr. Hunt )NP (VP could (VP be (VP *UNKED (PP of (NP (NP virtually all )NP (PP of (NP his assets )NP )PP )NP )PP (SBAR if (S (NP the Tax Court )NP (VP rules (PP against (NP him )NP )PP (PP in (NP (NP a 1982 case )NP (VP heard (NP earlier this year )NP (PP in (NP (NP Washington )NP , (NP *UNKC )NP )NP )PP )VP )NP )PP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The IRS )NP (VP has (VP been (VP seeking (NP (NP (QP more than $ 300 million )QP )NP (PP in (NP back taxes )NP )PP )NP (PP from (NP Mr. Hunt )NP )PP )VP )VP )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP (NP a federal judge )NP (VP hearing (NP (NP Mr. Hunt 's )NP bankruptcy case )NP (NP yesterday )NP )VP )NP (VP turned (PRT down )PRT (NP (NP a proposed (ADJP (QP $ *UNKN million )QP )ADJP settlement )NP (PP between (NP (NP Mr. Hunt )NP and (NP (NP Minpeco S.A. )NP , (NP (NP another major creditor )NP (PP in (NP the case )NP )PP )NP )NP )NP )PP )NP )VP . )S  STOP
(S (NP The *UNKC *UNK concern )NP (VP had (VP been (VP seeking (NP (NP a claim )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP (PP against (NP Mr. Hunt )NP )PP )NP )VP )VP )VP . )S  STOP
(S (PP In (NP (NP addition )NP (PP to (S (VP turning (PRT down )PRT (NP the compromise )NP )VP )S )PP )NP )PP , (NP Judge Harold C. *UNKC )NP (VP said (SBAR (S (NP he )NP (VP would (VP allow (NP (NP a claim )NP (PP of (NP (QP only $ *UNKN million )QP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Minpeco attorneys )NP (VP said (SBAR (S (NP they )NP (VP would (VP appeal (NP the decision )NP (PP to (NP a federal district court )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (VP *UNKING (NP (NP Mr. Hunt 's )NP taxes )NP )VP )S , (NP (NP he )NP and (NP the IRS )NP )NP (VP have (ADVP apparently )ADVP (VP agreed (PP on (NP (NP a basic formula )NP (PP for (S (VP *UNKING (NP his estate )NP )VP )S )PP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (S (NP the IRS )NP (VP would (VP get (NP (NP 70 % )NP (PP of (NP (NP the proceeds )NP (PP from (NP a *UNKING trust )NP )PP )NP )PP )NP )VP )VP )S and (S (NP 30 % )NP (VP would (VP go (PP to (NP other creditors )NP )PP )VP )VP )S )S )SBAR )NP )PP )VP )VP . )S  STOP
(S But (NP they )NP (VP have (VP been (PP at (NP odds )NP )PP (PP over (SBAR (WHNP how much )WHNP (S (NP Mr. Hunt )NP (VP would (VP *UNK (NP the government )NP (SBAR after (S (NP his assets )NP (VP are (VP sold )VP )VP )S )SBAR )VP )VP )S )SBAR )PP )VP )VP . )S  STOP
(S (S (NP The IRS )NP (VP had (VP demanded (NP (QP $ 90 million )QP )NP )VP )VP )S but (S (NP Mr. Hunt )NP (VP would (VP agree (PP to (NP (QP no more than $ 60 million )QP )NP )PP )VP )VP )S . )S  STOP
(S (NP (NP *UNKC *UNKC III )NP , (NP a government lawyer )NP , )NP (VP warned (SBAR that (S (NP Mr. Hunt )NP (VP stood (S (VP to (VP lose (NP (NP certain oil and gas properties )NP , (NP (NP $ 200,000 )NP (PP in (NP English *UNK )NP )PP )NP , (NP a Colorado *UNK )NP and (NP (NP other assets )NP (SBAR (S (NP he )NP (VP might (VP have (VP kept (SBAR if (S (NP he )NP (VP had (VP settled (PP with (NP the IRS )NP )PP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )NP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S `` (S But (S (NP they )NP (VP wanted (S (VP to (VP roll (NP the *UNK )NP )VP )VP )S )VP )S and (S (NP we )NP (VP 're (VP going (S (VP to (VP let (NP them )NP )VP )VP )S )VP )VP )S )S , '' (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (NP (NP Stephen *UNKC )NP , (NP (NP Mr. Hunt 's )NP attorney )NP , )NP (VP said (SBAR (S (NP his client )NP (VP *UNKED (NP the *UNK )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The Tax Court )NP (VP is n't (VP expected (S (VP to (VP rule (PP before (NP early next year )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP Japan )NP (VP has (VP found (NP (NP (NP another safe *UNK )NP (PP for (NP its money )NP )PP )NP : (NP U.S. home mortgages )NP )NP )VP )VP . )S  STOP
(S (NP (NP An increasing number )NP (PP of (NP big Japanese investors )NP )PP )NP (VP are (VP buying (PRT up )PRT (NP (NP U.S. home mortgages )NP (SBAR (WHNP that )WHNP (S (VP have (VP been (VP (VP *UNKED )VP and (VP *UNKED (PP for (NP (NP sale )NP (PP as (NP (NP *UNKING instruments )NP (VP known (PP as (NP *UNKED securities )NP )PP )VP )NP )PP )NP )PP )VP )VP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP (QP As much as 10 % )QP )NP (PP of (NP (NP new U.S. mortgage securities )NP (VP issued (PP by (NP (NP (NP the Federal National Mortgage Association )NP , or (NP Fannie Mae )NP )NP , and (NP (NP Federal Home Loan Mortgage Corp. )NP , or (NP Freddie Mac )NP )NP , )NP )PP )VP )NP )PP )NP (ADVP now )ADVP (VP flow (PP into (NP Japanese hands )NP )PP )VP . )S  STOP
(S (NP That )NP (VP may not (VP come (PP as (NP (NP a surprise )NP (PP to (NP (NP Americans )NP (SBAR (WHNP who )WHNP (S (VP have (VP watched (S (NP the Japanese )NP (VP *UNK (PRT up )PRT (NP (NP properties )NP (PP in (NP the U.S. )NP )PP (PP (PP from (NP golf *UNK )NP )PP (PP to (NP (NP a stake )NP (PP in (NP Rockefeller Center )NP )PP )NP )PP )PP )NP )VP )S )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S But (NP it )NP (VP marks (NP (NP a big change )NP (PP for (NP (NP the Japanese )NP , (SBAR (WHNP who )WHNP (S (VP *UNKED (NP mortgage securities )NP (PP after (S (VP getting (VP *UNKED (PP by (NP (NP a big downturn )NP (PP in (NP interest rates )NP )PP )NP )PP (ADVP (NP a few years )NP back )ADVP )VP )VP )S )PP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(SINV `` (S (S (NP You )NP (VP ca n't (VP say (SBAR (S (NP it )NP (VP 's (NP (NP a `` *UNK '' )NP (PRN -LRB- (NP *UNK wave )NP -RRB- )PRN )NP )VP )S )SBAR )VP )VP )S , but (S (NP we )NP (VP 're (VP making (NP some *UNK )NP )VP )VP )S )S , '' (VP says )VP (NP (NP (NP Fannie Mae 's )NP chairman )NP , (NP David O. Maxwell )NP , (SBAR (WHNP who )WHNP (S (VP visits (NP Tokyo )NP (ADVP (ADVP at least once )ADVP (NP a year )NP )ADVP (S (VP to (VP (VP explain )VP and (VP *UNK (PRT up )PRT (NP (NP investor interest )NP (PP in )PP )NP )VP (NP mortgage securities )NP )VP )VP )S )VP )S )SBAR )NP . )SINV  STOP
(S `` (NP Interest )NP (VP is (ADJP (ADJP (NP a great deal )NP higher )ADJP (SBAR than (S (NP it )NP (VP was (ADVP (NP a year )NP ago )ADVP )VP )S )SBAR )ADJP )VP . '' )S  STOP
(S (NP (NP The steady growth )NP (PP of (NP the mortgage securities market )NP )PP (PP in (NP the U.S. )NP )PP )NP (VP has (ADVP even )ADVP (VP triggered (NP (NP talk )NP (PP of (S (VP building (PRT up )PRT (NP a similar market )NP (NP here )NP )VP )S )PP )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP (NP the growing Japanese demand )NP (PP for (NP mortgage securities )NP )PP )NP )PP )NP (VP *UNK )VP . )S  STOP
(S (NP Earlier this year )NP , (NP (NP *UNKC Group )NP , (NP a New York investment bank )NP , )NP (VP had (NP (NP no trouble )NP (S (VP selling (PRT out )PRT (NP (NP a special (ADJP (QP $ *UNKN million )QP )ADJP *UNK- trust )NP (SBAR (S (NP it )NP (VP created (PP for (NP Japanese investors )NP )PP )VP )S )SBAR )NP )VP )S )NP )VP . )S  STOP
(S (NP (NP Industrial Bank )NP (PP of (NP Japan )NP )PP , (SBAR (WHNP which )WHNP (S (VP claims (S (VP to (VP be (NP (NP the biggest Japanese buyer )NP (PP of (NP U.S. mortgage securities )NP )PP )NP )VP )VP )S )VP )S )SBAR , )NP (VP says (SBAR (S (NP it )NP (VP will (ADVP more than )ADVP (VP double (NP its purchases )NP (NP this year )NP , (PP to (NP (NP an amount )NP (SBAR (S (NP one official )NP (VP puts (PP at (NP (QP several billion )QP dollars )NP )PP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S And (NP a Fannie Mae *UNK )NP (NP this week )NP (VP promises (S (VP to (VP draw (NP (NP hundreds )NP (PP of (NP prospective investors )NP )PP , (SBAR (WHNP who )WHNP (S (VP can (VP be (VP expected (S (VP to (VP channel (NP (NP *UNK )NP (PP of (NP billions )NP )PP (PP of (NP dollars )NP )PP )NP (PP into (NP the market )NP )PP (PP in (NP the next few years )NP )PP )VP )VP )S )VP )VP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(SINV `` (S (NP Last year )NP , (NP there )NP (VP were (NP (NP only several big investors )NP (SBAR (WHNP who )WHNP (S (VP were (ADJP interested )ADJP )VP )S )SBAR )NP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a vice president )NP (PP at (NP (NP the international arm )NP (PP of (NP Nomura Securities Co )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP This year )NP , (NP some investors )NP (VP are (VP (VP changing (NP their policies )NP )VP and (VP investing (NP a lot )NP )VP )VP )VP . '' )S  STOP
(S (ADVP *UNKLY )ADVP (PRN , (S (NP he )NP (VP says )VP )S , )PRN (NP strong demand )NP (VP could (VP help (S (VP to (VP drive (ADVP down )ADVP (NP (NP interest rates )NP (PP on (NP mortgage securities )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP At (NP the moment )NP )PP , (NP Nomura )NP (VP is (NP (NP the only Japanese institution )NP (VP authorized (S (VP to (VP act (PP as (NP (NP a primary seller )NP (PP of (NP Fannie Mae instruments )NP )PP )NP )PP )VP )VP )S )VP )NP )VP . )S  STOP
(S But (NP other Japanese institutions )NP (VP say (ADVP privately )ADVP (SBAR that (S (NP they )NP (VP are (VP considering (S (VP asking (S (VP to (VP join (NP the *UNK- selling group )NP )VP )VP )S )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP These securities )NP (VP are (ADJP attractive (PP to (NP Japanese investors )NP )PP )ADJP (PP for (NP three reasons )NP )PP )VP . )S  STOP
(S (ADVP First )ADVP , (NP they )NP (VP are (ADJP safe )ADJP )VP . )S  STOP
(S (SBAR While (S (NP they )NP (VP are n't (VP backed (PP by (NP (NP the full *UNK and credit )NP (PP of (NP the U.S. government )NP )PP )NP )PP , (SBAR as (S (NP Treasury bonds )NP (VP are )VP )S )SBAR , )VP )VP )S )SBAR (NP (NP it )NP )NP (VP is (ADVP widely )ADVP (VP assumed (SBAR that (S (NP the government )NP (VP would (VP support (NP them )NP (SBAR if (FRAG (ADJP necessary )ADJP )FRAG )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S -LRB- (NP U.S. Treasury bonds )NP (VP are (ADVP still )ADVP (NP (NP the *UNKED investment )NP (PP of (NP choice )NP )PP (PP for (NP long-term Japanese investors )NP )PP )NP )VP -RRB- . )S  STOP
(S (ADVP Second )ADVP , (NP they )NP (VP are (ADJP liquid )ADJP )VP . )S  STOP
(S (NP (NP The secondary market )NP (PP in (NP federally backed mortgage securities )NP )PP )NP (ADVP now )ADVP (VP *UNK (NP (NP (QP $ 900 billion )QP )NP , or (NP (NP (QP nearly half )QP )NP (PP of (NP (NP the (QP $ 2.2 trillion )QP )NP (PP in (NP (NP U.S. residential mortgages )NP (VP issued )VP )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (ADVP Third )ADVP , (NP they )NP (VP offer (NP high yields )NP )VP . )S  STOP
(S (PP At (NP the moment )NP )PP , (NP some )NP (VP offer (NP (NP as much )NP (PP as (NP (QP 1.6 to 1.8 )QP percentage points )NP )PP (PP over (NP (NP Treasury securities )NP (PP of (NP similar maturities )NP )PP )NP )PP )NP )VP . )S  STOP
(S But (NP there )NP (VP is (NP (NP a risk )NP , (SBAR (WHNP which )WHNP (S (NP the Japanese )NP (VP discovered (SBAR (WHADVP when )WHADVP (S (NP they )NP (ADVP first )ADVP (VP *UNKED (NP their *UNK )NP (PP into (NP the market )NP )PP (ADVP (NP (QP nearly five )QP years )NP ago )ADVP )VP )S )SBAR )VP )S )SBAR )NP )VP . )S  STOP
(S (SBAR Since (S (NP most mortgages )NP (VP can (VP be (VP *UNK or *UNKED (PP at (NP any time )NP )PP )VP )VP )VP )S )SBAR , (NP (NP issuers )NP (PP of (NP mortgage securities )NP )PP )NP (VP retain (NP the right (S (VP to (VP buy (ADVP back )ADVP (NP their bonds )NP (PP before (NP maturity )NP )PP )VP )VP )S )NP )VP . )S  STOP
(S (NP That )NP (VP 's (NP (NP a *UNK )NP (PP for (NP long-term investors )NP )PP )NP , (SBAR since (S (NP it )NP (VP forces (S (NP them )NP (VP to (VP *UNK (NP their money )NP -- (PP (ADVP usually )ADVP at (NP (NP lower rates )NP (SBAR than (S (NP the original mortgage securities )NP (VP carried )VP )S )SBAR )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (ADVP (NP (QP Two or three )QP years )NP ago )ADVP , (NP the problem )NP (VP was (SBAR that (S (NP people )NP (VP did n't (VP understand (NP the *UNK risk )NP )VP )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP Nomura 's )NP Mr. *UNKC )NP . )SINV  STOP
(S `` (ADVP So )ADVP (NP they )NP (VP were (ADJP (ADJP surprised )ADJP and (ADJP very disappointed )ADJP (PP by (NP *UNK )NP )PP )ADJP )VP . '' )S  STOP
(S (S (VP *UNKING (NP (NP the trouble )NP (PP to (NP Japanese investors )NP )PP )NP )VP )S , (NP mortgage securities )NP (VP pay (NP interest )NP (ADVP monthly )ADVP , (SBAR since (S (NP most mortgages )NP (VP require (S (NP homeowners )NP (VP to (VP make (NP monthly payments )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S But (S (NP Japanese institutional investors )NP (VP are (VP used (PP to (NP (NP (ADJP quarterly or *UNK )ADJP payments )NP (PP on (NP their investments )NP )PP )NP )PP )VP )VP )S , so (S (NP the monthly cash flow )NP (VP *UNKED (NP administrative problems )NP )VP )S . )S  STOP
(S (PP As (NP a result )NP )PP , (NP Japanese investors )NP (VP *UNKED (ADVP clear (PP of (NP the mortgage securities )NP )PP )ADVP )VP . )S  STOP
(S But (NP they )NP (VP did n't (VP lose (NP touch )NP (PP with (NP the U.S. issuers )NP )PP )VP )VP . )S  STOP
(S (PP Since (NP 1985 )NP )PP , (NP Japanese investors )NP (VP have (VP bought (NP (NP (NP (QP nearly 80 )QP % )NP (PP of (NP (QP $ 10 billion )QP )NP )PP (PP in (NP (NP Fannie Mae corporate debt )NP (VP issued (PP to (NP foreigners )NP )PP )VP )NP )PP )NP , (NP (NP money )NP (SBAR (WHNP that )WHNP (S (NP Fannie Mae )NP (VP uses (S (VP to (VP buy (NP mortgages )NP (PP from (NP U.S. banks )NP )PP )VP )VP )S )VP )S )SBAR )NP )NP )VP )VP . )S  STOP
(S And (NP Japanese investors )NP (VP took (PRT up )PRT (NP (NP nearly all )NP (PP of (NP (NP two (ADJP (QP $ 200 million )QP )ADJP Real Estate Mortgage Investment *UNKC )NP , (NP (NP a kind )NP (PP of (NP *UNKED mortgage obligation )NP )PP )NP , (SBAR (WHNP that )WHNP (S (VP were (VP offered (PP to (NP foreigners )NP )PP (NP this year )NP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP (NP further packaging )NP (PP of (NP (NP mortgage-backed securities )NP , (PP such as (NP (NP *UNKC 's )NP fund )NP )PP , )NP )PP )NP (VP (VP have (VP reduced (NP (NP the effects )NP (PP of (NP *UNK risk )NP )PP )NP )VP )VP and (VP (ADVP automatically )ADVP *UNK (NP monthly payments )NP (SBAR so (S (NP institutions )NP (VP do n't (VP have (S (VP to )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Freddie Mac )NP (PP for (NP years )NP )PP (VP has (VP offered (NP (NP a so-called participation *UNK )NP (SBAR (WHNP that )WHNP (S (VP (VP guarantees (SBAR (S (NP it )NP (VP wo n't (VP be (VP *UNK (PP for (NP (NP a set number )NP (PP of (NP years )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP and (VP offers (NP *UNK payments )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (SBAR As (S (NP (NP (NP Georgia-Pacific 's )NP bid )NP (PP for (NP Great Northern Nekoosa )NP )PP )NP (VP has (VP shown )VP )VP )S )SBAR , (NP *UNKED takeovers )NP (VP are (ADVP still )ADVP (ADJP alive )ADJP (PP despite (NP (NP *UNK reports )NP (PP of (NP their *UNK )NP )PP )NP )PP )VP . )S  STOP
(S (ADVP *UNKC )ADVP , (NP (NP the debate )NP (PP about (NP poison pills )NP )PP )NP (VP will (VP continue (S (VP to (VP *UNK (PP in (NP (NP (NP the *UNK )NP (PP of (NP corporations )NP )PP )NP and (NP (NP the *UNK )NP (PP of (NP *UNK )NP )PP )NP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (SBAR Although (S (NP poison pills )NP (VP come (PP in (NP different *UNK and *UNK )NP )PP )VP )S )SBAR , (NP they )NP (ADVP usually )ADVP (VP give (NP current shareholders )NP (NP the right (S (VP to (VP buy (NP (NP more stock )NP (PP of (NP their corporation )NP )PP )NP (PP at (NP a large discount )NP )PP (SBAR (SBAR if (S (NP certain events )NP (VP occur )VP )S )SBAR -- (PRN (ADVP typically )ADVP , (SBAR if (S (NP a hostile bidder )NP (VP *UNK (NP (NP more )NP (PP than (NP (NP a specified percentage )NP (PP of (NP (NP the corporation 's )NP stock )NP )PP )NP )PP )NP )VP )S )SBAR )PRN )SBAR )VP )VP )S )NP )VP . )S  STOP
(S (ADVP However )ADVP , (NP these discount purchase rights )NP (VP may (ADVP generally )ADVP (VP be (VP *UNKED (PP at (NP a *UNK cost )NP )PP (PP by (NP (NP the corporation 's )NP directors )NP )PP (SBAR if (S (NP they )NP (VP approve (PP of (NP a bidder )NP )PP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP poison pills )NP )PP )NP (VP argue (SBAR that (S (NP their *UNK )NP (VP forces (S (NP bidders )NP (VP to (VP negotiate (PP with (NP (NP (NP a corporation 's )NP directors )NP , (SBAR (WHNP who )WHNP (S (VP are (ADVP *UNK )ADVP (VP put (PP in (NP (NP a better position )NP (SBAR (S (VP to (VP pursue (NP (NP the long-term interests )NP (PP of (NP the corporation )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC studies )NP (PP by (NP *UNKC & Co. )NP )PP )NP (VP *UNK (SBAR that (S (NP (NP corporations )NP (PP with (NP poison pills )NP )PP )NP (VP have (VP experienced (NP (NP greater *UNK- appreciation )NP (PP than (NP (NP corporations )NP (PP without (NP poison pills )NP )PP )NP )PP )NP (PP during (NP the past few years )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP poison pills )NP )PP )NP (VP argue (SBAR that (S (NP they )NP (VP *UNK (NP shareholders )NP (PP (PP by (S (VP letting (S (NP corporate management )NP (VP defeat (NP (NP takeover bids )NP (PP at (NP premium prices )NP )PP )NP )VP )S )VP )S )PP and (PP by (S (VP *UNKING (NP premium bids )NP (PP from (S (ADVP ever )ADVP (VP being (VP made (PP to (NP shareholders )NP )PP )VP )VP )S )PP )VP )S )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP These critics )NP (VP are (VP backed (PP by (NP (NP several academic studies )NP (VP showing (SBAR that (S (NP (NP the *UNK )NP (PP of (NP poison pills )NP )PP )NP (VP reduces (NP shareholder values )NP (PP (CONJP not merely )CONJP (PP in (NP the short run )NP )PP , (CONJP but also )CONJP (PP over (NP longer periods )NP )PP )PP )VP )S )SBAR )VP )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC investors )NP (SBAR (WHNP that )WHNP (S (VP must (VP evaluate (NP poison pills )NP (PP on (NP a regular basis )NP )PP )VP )VP )S )SBAR )NP (VP are (VP interested (ADVP (ADVP less )ADVP )ADVP (PP in (NP this general debate )NP )PP (PP than (PP in (NP (NP the answers )NP (PP to (NP (NP specific questions )NP (PP about (NP (NP the corporation )NP (VP *UNKING (NP the pill )NP )VP )NP )PP )NP )PP )NP )PP )PP )VP )VP . )S  STOP
(SQ *UNKC (NP this corporation )NP (VP have (NP (NP a high-quality management team )NP (PP with (NP a good track record )NP )PP )NP )VP ? )SQ  STOP
(SQ (SQ *UNKC (NP this team )NP (VP have (NP (NP a viable strategy )NP (PP for (S (VP improving (NP shareholder values )NP )VP )S )PP )NP )VP )SQ , and (SQ does (NP this strategy )NP (VP require (NP *UNK )NP (PP over (NP an extended period )NP )PP )VP )SQ ? )SQ  STOP
(SQ Will (NP (NP the *UNK )NP (PP of (NP (NP this particular form )NP (PP of (NP a poison pill )NP )PP )NP )PP )NP (VP (ADVP significantly )ADVP improve (NP the chances (SBAR for (S (NP management )NP (VP to (VP carry (PRT out )PRT (NP this strategy )NP )VP )VP )S )SBAR )NP )VP ? )SQ  STOP
(S (SBAR If (S (NP (NP the answers )NP (PP to (NP these questions )NP )PP )NP (VP are (ADJP *UNK )ADJP )VP )S )SBAR , (ADVP then )ADVP (NP institutional investors )NP (VP are (ADJP likely (S (VP to (VP be (ADJP *UNKLY *UNKED (PP toward (NP a specific poison pill )NP )PP )ADJP )VP )VP )S )ADJP )VP . )S  STOP
(S (ADVP However )ADVP , (NP the problem )NP (VP is (SBAR that (S (SBAR once (S (NP most poison pills )NP (VP are (VP adopted )VP )VP )S )SBAR , (NP they )NP (VP survive (ADVP *UNK )ADVP )VP )S )SBAR )VP . )S  STOP
(SBARQ (SBAR Although (S (NP the current management team )NP (VP may (VP be (ADJP outstanding )ADJP )VP )VP )S )SBAR , (WHNP who )WHNP (SQ will (VP be (NP the *UNKC )NP (PP in (NP 10 years )NP )PP )VP )SQ ? )SBARQ  STOP
(SBARQ (SBAR Although (S (NP the five-year strategy )NP (VP may (VP be (ADJP excellent )ADJP )VP )VP )S )SBAR , (WHNP what )WHNP (SQ will (VP be (NP the strategy )NP (PP in (NP 25 years )NP )PP )VP )SQ ? )SBARQ  STOP
(S (NP (NP The solution )NP (PP to (NP this problem )NP )PP )NP (VP is (NP a *UNKED poison pill )NP )VP . )S  STOP
(S (NP The limit )NP (VP could (VP range (PP (PP from (NP three years )NP )PP (PP to (NP seven years )NP )PP )PP , (PP depending (PP on (NP (NP (NP the *UNK )NP (PP of (NP the management team )NP )PP )NP and (NP (NP the nature )NP (PP of (NP its strategic plan )NP )PP )NP )NP )PP )PP )VP )VP . )S  STOP
(S (PP At (NP (NP the end )NP (PP of (NP this period )NP )PP )NP )PP , (NP the poison pill )NP (VP would (VP be (VP eliminated (ADVP automatically )ADVP , (SBAR unless (S (NP a new poison pill )NP (VP were (VP approved (PP by (NP (NP the *UNK- shareholders )NP , (SBAR (WHNP who )WHNP (S (VP would (VP have (NP an opportunity (S (VP to (VP evaluate (NP (NP the corporation 's )NP strategy and management team )NP )VP )VP )S )NP (PP at (NP that time )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP (NP One rare example )NP (PP of (NP a *UNKED poison pill )NP )PP )NP (VP is (NP (NP the shareholder rights plan )NP (VP adopted (PP by (NP *UNKC )NP )PP (NP last year )NP (SBAR after (S (NP it )NP (VP received (NP a huge litigation settlement )NP (PP from (NP Texaco )NP )PP )VP )S )SBAR )VP )NP )VP . )S  STOP
(S (NP (NP *UNKC 's )NP poison pill )NP (VP covers (NP five years )NP (SBAR in order (S (VP to (VP give (NP current management )NP (NP (NP enough time )NP (SBAR (S (VP to (VP put (NP these proceeds )NP (PP to (NP work )NP )PP (PP in (NP a *UNK *UNK )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Another interesting example )NP (VP is (NP (NP the poison pill )NP (VP adopted (ADVP recently )ADVP (PP by (NP (NP *UNKED National *UNKC Inc. )NP , (NP a diversified holding company )NP )NP )PP )VP )NP )VP . )S  STOP
(S (NP (NP The (NAC State (PP of (NP Wisconsin )NP )PP )NAC Investment Board )NP , (SBAR (WHNP which )WHNP (S (VP owned (NP (NP (QP about 7 )QP % )NP (PP of (NP (NP the company 's )NP voting stock )NP )PP )NP )VP )S )SBAR , )NP (VP worked (PP with (NP management )NP )PP (S (VP to (VP *UNK (NP a *UNKED poison pill )NP )VP )VP )S )VP . )S  STOP
(S (NP This pill )NP (VP (ADVP automatically )ADVP expires (PP after (NP three years )NP )PP (SBAR unless (S (VP continued (PP by (NP (NP a vote )NP (PP of (NP the shareholders )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The attitude )NP (PP of (NP the Wisconsin Investment Board )NP )PP )NP (VP reflects (NP (NP a growing *UNK )NP (PP to (NP *UNKED poison pills )NP )PP (PP on (NP (NP the part )NP (PP of (NP institutional investors )NP )PP )NP )PP )NP , (SBAR as (S (VP shown (PP by (NP (NP (NP the discussions )NP (PP at (NP (NP recent meetings )NP (PP of (NP (NP the Council )NP (PP of (NP *UNKC Investors )NP )PP )NP )PP )NP )PP )NP and (NP (NP my informal survey )NP (PP of (NP (NP several retirement plans )NP (PP with (NP large stock positions )NP )PP )NP )PP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (ADJP More widespread )ADJP time limits )NP (PP on (NP poison pills )NP )PP )NP (VP would (VP allow (S (NP shareholders )NP (VP to (VP evaluate (NP a specific poison pill )NP (PP within (NP (NP the *UNK )NP (PP of (NP (NP a specific management team 's )NP strategy )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP Such concrete analysis )NP (VP is (ADJP likely (S (VP to (VP lead (PP to (NP (NP (ADJP more *UNK )ADJP dialogue )NP (PP between (NP management and shareholders )NP )PP (PP than (NP (NP the *UNK debate )NP (PP about (NP poison pills )NP )PP )NP )PP )NP )PP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (NP (NP (NP the general counsel )NP and (NP a managing director )NP )NP (PP of (NP (NP Fidelity Investments )NP (PP in (NP Boston )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Michael Blair )NP , (NP (NP former (NX (NX president )NX and (NX chief executive officer )NX )NX )NP (PP of (NP *UNKC Corp. )NP )PP )NP , )NP (VP failed (S (VP to (VP win (NP (NP election )NP (PP to (NP (NP the company 's )NP board )NP )PP )NP (PP at (NP a special shareholder meeting )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Mr. Blair )NP (VP said (PP after (NP the meeting )NP )PP (SBAR that (S (NP he )NP (VP had (VP (VP filed (NP (NP separate lawsuits )NP )NP (PP in (NP the *UNKC Supreme Court )NP )PP (PP for (NP *UNK *UNK )NP )PP (PP against (NP *UNKC )NP )PP )VP and (VP (PP for (NP *UNK )NP )PP (PP against (NP (NP (NP its largest shareholder )NP , (NP Canadian Express Ltd. )NP , )NP and (NP (NP two executives )NP (PP of (NP (NP *UNKC International Bancorp Inc. )NP , (SBAR (WHNP which )WHNP (S (VP controls (NP Canadian Express )NP )VP )S )SBAR )NP )PP )NP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP at (NP the meeting )NP )PP )NP (VP elected (NP (NP a full *UNK )NP (PP of (NP Canadian Express *UNK )NP )PP )NP (PP to (NP (NP *UNKC 's )NP *UNK- board )NP )PP )VP . )S  STOP
(S (NP (NP Mr. Blair )NP and (NP *UNKC )NP )NP (VP have (VP been (VP *UNKING (PP for (NP months )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP Yesterday 's )NP election )NP (VP was (NP (NP a *UNK )NP (PP to (NP (NP (NP Enfield 's )NP annual meeting )NP (PP in (NP June )NP )PP (SBAR (WHADVP when )WHADVP (S (NP Mr. Blair )NP (VP *UNKED (NP *UNK )NP (PP in (NP (NP favor )NP (PP of (NP two *UNKC *UNK )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP The *UNKC Supreme Court )NP (VP *UNKED (NP (NP Mr. Blair 's )NP decision )NP )VP . )S  STOP
(S (NP He )NP (ADVP later )ADVP (VP resigned (PP from (NP (NP his executive positions )NP (PP with (NP Enfield )NP )PP )NP )PP , (S (VP saying (SBAR that (S (NP (NP actions )NP (PP by (NP its board )NP )PP )NP `` (VP amounted (PP to (NP -LCB- my -RCB- *UNK )NP )PP )VP )S )SBAR )VP )S )VP . '' )S  STOP
(S (NP Mr. Blair )NP (VP said (SBAR (S (NP his *UNK suit )NP (VP seeks (NP (NP (QP 10 million )QP Canadian dollars )NP (PRN -LRB- (NP (QP US$ 8.5 million )QP )NP -RRB- )PRN )NP (PP from (NP (NP Canadian Express )NP and (NP *UNKC executives *UNKED *UNKC and *UNKC *UNKC )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP (NP his suit )NP (PP against (NP Enfield )NP )PP )NP (VP seeks (NP (NP two years *UNK pay )NP , (ADJP equivalent (PP to (NP C$ *UNKN )NP )PP )ADJP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC and Canadian Express executives )NP (VP could n't (VP be (VP reached (PP for (NP comment )NP )PP )VP )VP )VP . )S  STOP
(S (NP Enfield )NP (VP is (NP (NP a holding company )NP (PP with (NP (NP interests )NP (PP in (NP manufacturing concerns )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP It )NP (VP is (VP (NP *UNKN % )NP owned (PP by (NP (NP Canadian Express )NP , (NP another holding company )NP )NP )PP )VP )VP . )S  STOP
(S (NP Hees )NP (VP is (NP (NP a merchant bank )NP (VP controlled (PP by (NP Toronto *UNK Peter and Edward *UNKC )NP )PP )VP )NP )VP . )S  STOP
(S (NP All the concerns )NP (VP are (VP based (PP in (NP Toronto )NP )PP )VP )VP . )S  STOP
(S (S (S (VP Buying (NP (NP 51 % )NP (PP of (NP Rockefeller Group Inc. )NP )PP )NP )VP )S (VP is (PP (ADVP right )ADVP up (NP (NP Mitsubishi Estate Co. 's )NP *UNK )NP )PP (PP in (NP one sense )NP )PP )VP )S : (S (NP The huge Japanese real estate company )NP (VP is (VP entering (NP (NP a long-term relationship )NP (PP with (NP (NP a (ADJP *UNKLY conservative )ADJP U.S. owner )NP (PP of (NP *UNK urban property )NP )PP )NP )PP )NP )VP )VP )S . )S  STOP
(S (S But (PP in (NP another sense )NP )PP , (NP the (ADJP (QP $ *UNKN million )QP )ADJP purchase )NP (VP is (ADJP *UNKLY *UNK )ADJP )VP )S , (NP industry analysts )NP (VP say )VP . )S  STOP
(S (NP The (ADJP usually cautious )ADJP giant )NP (VP will (VP become (NP (NP the majority owner )NP (PP of (NP (NP the company )NP (SBAR (WHNP that )WHNP (S (VP owns (NP (NP New York 's )NP *UNKED Rockefeller Center )NP )VP )S )SBAR )NP )PP )NP (PP at (NP (NP a time )NP (SBAR (WHADVP when )WHADVP (S (NP (NP *UNK )NP (PP over (NP (NP Japanese purchases )NP (PP of (NP U.S. property )NP )PP )NP )PP )NP (VP are (PP at (NP an *UNK- high )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP Officials )NP (PP of (NP (NP Rockefeller Group )NP and (NP Mitsubishi Estate )NP )NP )PP )NP (VP prefer (S (VP to (VP focus (PP on (NP the *UNK )NP )PP )VP )VP )S , (S (VP (ADVP nearly )ADVP *UNKING (NP (NP the threat )NP (PP of (NP (NP a *UNK )NP (PP from (NP the U.S. public )NP )PP )NP )PP )NP )VP )S )VP . )S  STOP
(SINV `` (S (NP We )NP (VP think (SBAR (S (NP there )NP (VP will (VP be (NP (ADJP positive (CONJP as well as )CONJP negative )ADJP reactions )NP )VP )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP Raymond *UNKC )NP , (NP (NP (NP senior vice president )NP and (NP chief financial officer )NP )NP (PP of (NP Rockefeller Group )NP )PP )NP )NP . )SINV  STOP
(S `` (PP On (NP balance )NP )PP , (NP we )NP (VP think (SBAR (S (NP it )NP (VP will (VP be (ADJP positive )ADJP )VP )VP )S )SBAR )VP . '' )S  STOP
(S But (NP some Japanese government officials and businessmen )NP (VP worry (SBAR that (S (NP the prominent purchase )NP (VP is (NP (NP just the sort )NP (PP of (NP deal )NP )PP (SBAR (WHNP that )WHNP (S (VP should (VP be (VP avoided (PP for (NP the time being )NP )PP )VP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (PP In (ADJP particular )ADJP )PP , (NP they )NP (VP *UNK (NP the timing )NP , (S (VP coming (SBAR as (S (NP it )NP (VP does )VP )S )SBAR (PP on (NP (NP the *UNK )NP (PP of (NP (NP (NP Sony Corp. 's )NP controversial purchase )NP (PP of (NP Columbia Pictures Entertainment Inc )NP )PP )NP )PP )NP )PP )VP )S )VP . )S  STOP
(SINV `` (S (ADVP *UNKLY )ADVP , (INTJ yes )INTJ , (NP we )NP (VP encourage (NP (NP the free flow )NP (PP of (NP direct investment )NP )PP )NP )VP )S , '' (VP says )VP (NP a Foreign Ministry official )NP . )SINV  STOP
(S `` But (NP they )NP (VP did n't (VP have (S (VP to (VP choose (NP this particular moment )NP )VP )VP )S )VP )VP . '' )S  STOP
(S (PP During (NP the past year )NP )PP , (NP (NP government officials )NP and (NP leading business organizations )NP )NP (VP have (VP (ADVP repeatedly )ADVP urged (NP Japanese companies )NP (S (VP to (VP *UNK (PP from (NP (NP *UNK real estate purchases )NP (PP in (NP the )NP )PP )NP )PP )VP )VP )S )VP )VP )S  STOP
(S (PP Since (NP the *UNK- )NP )PP , (NP (NP (NP Japan 's )NP other major real estate purchases )NP (PP in (NP the U.S. )NP )PP )NP (VP include (NP (NP (NP (NP *UNKC *UNKC America Corp. 's )NP (ADJP (QP $ *UNKN million )QP )ADJP purchase )NP (PP of (NP (NP an office building )NP (PP at (NP (NP *UNKN East *UNK St. )NP (PP in (NP Manhattan )NP )PP )NP )PP )NP )PP (PP in (NP 1987 )NP )PP )NP and (NP (NP (NP *UNKC *UNKC Inc. 's )NP (ADJP (QP $ *UNKN million )QP )ADJP purchase )NP (PP of (NP (NP the Exxon Building )NP , (NP (NP part )NP (PP of (NP Rockefeller Center )NP )PP )NP , )NP )PP (PP in (NP 1986 )NP )PP )NP )NP )VP . )S  STOP
(S (PP In (NP Los Angeles )NP )PP , (S (NP *UNKC *UNKC )NP (VP was (VP sold (PP to (NP *UNKC Corp. )NP )PP (PP for (NP (QP $ *UNKN million )QP )NP )PP (PP in (NP 1986 )NP )PP )VP )VP )S , and (S (NP *UNKC Life Insurance Co. )NP (VP paid (NP (QP $ 300 million )QP )NP (PP for (NP (NP Atlanta 's )NP IBM Tower )NP )PP (NP last year )NP )VP )S . )S  STOP
(S (ADVP *UNKC )ADVP , (NP (NP annual Japanese investment )NP (PP in (NP U.S. commercial real estate )NP )PP )NP (VP grew (PP from (NP (QP about $ 1.3 billion )QP )NP (PP in (NP 1985 )NP )PP )PP (PP to (NP (QP about $ *UNKN billion )QP )NP (PP in (NP 1988 )NP )PP )PP )VP . )S  STOP
(S (NP Many Japanese companies )NP (VP have (VP (VP taken (NP (NP the *UNK )NP (PP by (NP (NP the country 's )NP leaders )NP )PP )NP (PP to (NP heart )NP )PP )VP and (VP sought (NP (NP development partnerships )NP (CONJP rather than )CONJP (NP *UNK properties )NP )NP )VP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP say (SBAR (S (NP (NP Mitsubishi Estate 's )NP decision (S (VP to (VP buy (PP into (NP Rockefeller )NP )PP )VP )VP )S )NP (VP reflects (NP (NP the degree )NP (SBAR (WHPP to (WHNP which )WHNP )WHPP (S (NP companies )NP (VP are (VP *UNKED (PP by (NP the pressure (S (VP to (VP act (PP for (NP (NP the good )NP (PP of (NP Japan )NP )PP )NP )PP )VP )VP )S )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (S (NP (NP Those )NP (SBAR (WHNP who )WHNP (S (S (VP have (NP no money )NP )VP )S and (S (VP are n't (VP buying )VP )VP )S )S )SBAR )NP (VP think (SBAR (S (NP (NP it )NP )NP (VP 's (ADJP right )ADJP (S (VP to (VP *UNK )VP )VP )S )VP )S )SBAR )VP )S , but (S (NP (NP those )NP (PP with (NP money )NP )PP (SBAR (WHNP who )WHNP (S (VP want (S (VP to (VP buy (PP for (NP themselves )NP )PP )VP )VP )S )VP )S )SBAR )NP (VP pay (NP no attention )NP )VP )S )S , '' (VP says )VP (NP (NP an official )NP (PP of (NP the *UNKC . Business Council )NP )PP )NP . )SINV  STOP
(S But (PP to (NP Mitsubishi Estate )NP )PP , (NP the acquisition )NP (VP has (NP (NP just the *UNK )NP (SBAR (WHNP that )WHNP (S (VP should (VP win (NP support )NP (PP from (NP both sides )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP First (PP of (NP all )NP )PP )ADVP , (NP it )NP (VP is (NP (NP a friendly acquisition )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP Rockefeller )NP (VP (VP sought (PRT out )PRT (NP Mitsubishi Estate )NP )VP and (VP asked (NP it )NP (S (VP to (VP buy (NP a majority share )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP the two companies )NP (VP (VP found (NP (NP a *UNK )NP (PP in (NP their business and development *UNK )NP )PP )NP )VP and (VP intend (S (VP to (VP *UNK (PP in (NP (NP a range )NP (PP of (NP activities )NP )PP (PP (PP from (NP real estate )NP )PP (PP to (NP telecommunications )NP )PP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP Finally )ADVP , (NP Mitsubishi Estate )NP (VP has (NP no plans (S (VP to (VP *UNK (PP with (NP (NP Rockefeller 's )NP management )NP )PP (PP beyond (S (VP taking (NP (NP a place )NP (PP on (NP the board )NP )PP )NP )VP )S )PP )VP )VP )S )NP )VP . )S  STOP
(SINV `` (S (S (NP We )NP (VP 'll (VP continue (S (VP to (VP work (PP with (NP them )NP )PP , (PP in (NP (NP keeping )NP (PP with (NP (NP the reputation )NP (PP of (NP the company )NP )PP )NP )PP )NP )PP )VP )VP )S )VP )VP )S , and (S (NP we )NP (VP 'll (VP rely (ADVP very much )ADVP (PP on (NP their leadership )NP )PP )VP )VP )S )S , '' (VP says )VP (NP Mitsubishi Estate President *UNKC *UNKC )NP . )SINV  STOP
(S (NP Rockefeller )NP (VP may (ADVP well )ADVP (VP have (VP found (NP its match )NP (PP in (NP (NP Mitsubishi Estate )NP , (NP (NP a company )NP (PP of (NP (NP long history )NP , (NP strong government ties )NP and (NP sound resources )NP )NP )PP )NP )NP )PP )VP )VP )VP . )S  STOP
(S (PP In (NP asset terms )NP )PP , (NP Mitsubishi Estate )NP (VP is (NP (NP the largest real estate firm )NP (PP in (NP Japan )NP )PP )NP )VP . )S  STOP
(S (NP (NP The core )NP (PP of (NP its holdings )NP )PP )NP (VP is (NP (NP *UNKN square *UNK )NP (PP of (NP (NP (ADJP *UNKLY expensive )ADJP property )NP (PP in (NP (NP the *UNKC district )NP , (NP (NP the business and financial center )NP (PP of (NP Tokyo )NP )PP )NP , (VP (ADVP often )ADVP (ADVP *UNKLY )ADVP called (S `` (NP Mitsubishi *UNKC )NP )S )VP )NP )PP )NP )PP )NP )VP . '' )S  STOP
(S (NP The Mitsubishi family company )NP (VP acquired (NP that property )NP (PP from (NP the government )NP )PP (ADVP (NP (QP some 100 )QP years )NP ago )ADVP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP was (NP (NP a portion )NP (PP of (NP (NP *UNK residential land )NP (VP running (PP from (NP (NP the *UNK )NP (PP of (NP the Imperial *UNKC )NP )PP )NP )PP (ADVP *UNK )ADVP (PP toward (NP (NP the *UNK )NP (PP of (NP (NP tiny shops )NP and (NP *UNKED *UNK )NP )NP )PP (SBAR (WHNP that )WHNP (S (VP made (PRT up )PRT (NP (NP the *UNK ' )NP district )NP )VP )S )SBAR )NP )PP )VP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (PP At (NP the time )NP )PP , (NP Japan )NP (VP (VP had (VP (ADVP just )ADVP opened (NP its doors )NP (PP to (NP the world )NP )PP (PP after (NP (NP (QP about 250 )QP years )NP (PP of (NP *UNK )NP )PP )NP )PP )VP )VP and (VP needed (NP a *UNKC business center )NP )VP )VP . )S  STOP
(S (NP Mitsubishi )NP (VP built (NP (NP the government 's )NP dream development )NP (PRN , (S (NP the story )NP (VP goes )VP )S , )PRN (PP in (NP (NP exchange )NP (PP for (NP the official decision (S (VP to (VP *UNK (NP (NP Tokyo 's )NP central *UNK station )NP (ADVP there )ADVP )VP )VP )S )NP )PP )NP )PP )VP . )S  STOP
(S (NP That )NP (VP was (NP (NP just an early step )NP (PP in (NP (NP a relationship )NP (PP with (NP government )NP )PP (SBAR (WHNP that )WHNP (S (VP has (VP earned (NP the Mitsubishi group )NP (NP (NP the *UNK *UNK )NP (PP of (NP `` (NP *UNK )NP , '' (PRN (ADVP literally )ADVP (NP *UNK- )NP , )PRN (NP (NP a title )NP (SBAR (WHNP that )WHNP (S (VP (VP has (NP (NP the *UNK *UNK )NP (PP of (S (VP doing (NP (NP the government 's )NP bidding )NP )VP )S )PP )NP )VP , but (VP (ADVP also )ADVP suggests (NP (NP the *UNK )NP (ADJP *UNK (PP in (S (VP maintaining (NP such close ties )NP )VP )S )PP )ADJP )NP )VP )VP )S )SBAR )NP )NP )PP )NP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP Mitsubishi Estate )NP (VP is (NP (NP one )NP (PP of (NP (NP the dozens )NP (PP of (NP (NP companies )NP (PP in (NP (NP today 's )NP Mitsubishi group )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (S (NP It )NP (VP 's (VP known (PP for (NP its *UNK )NP )PP (PP in (NP part )NP )PP (SBAR because (S (NP it )NP (VP has (VP had (NP (NP little need )NP (PP for (NP *UNK overseas ventures )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S : (S (PP In (NP (NP the year )NP (VP ended (NP March 31 )NP )VP )NP )PP , (NP (NP *UNKN % )NP (PP of (NP its total revenue )NP )PP )NP (VP came (PP from (NP office building management )NP )PP )VP )S . )S  STOP
(SINV (S (NP Its earnings )NP (VP can (VP rise (NP (QP 10 % to 12 % )QP )NP (ADVP annually )ADVP (PP (ADVP simply )ADVP from (NP (NP (NP the natural turnover )NP (PP of (NP *UNK )NP )PP )NP and (NP *UNK rent increases )NP )NP )PP )VP )VP )S , (VP says )VP (NP (NP *UNKC McDonald )NP , (NP (NP an industry analyst )NP (PP at (NP James Capel Pacific Ltd )NP )PP )NP )NP . )SINV  STOP
(S (PP For (NP the latest fiscal year )NP )PP , (NP (NP the company 's )NP net income )NP (VP jumped (NP a robust 19 % )NP (PP to (NP (NP (QP *UNKN billion )QP yen )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP )PP )VP . )S  STOP
(S (PP For (NP Mitsubishi Estate )NP )PP , (NP the Rockefeller purchase )NP (VP will (VP *UNK (NP it )NP (ADVP *UNKLY )ADVP (PP into (NP (NP the overseas real estate business )NP , (NP (NP the one area )NP (SBAR (WHADVP where )WHADVP (S (NP it )NP (VP has (VP *UNKED (PP (ADVP notably )ADVP behind (NP (NP Japanese competitors )NP (PP such as (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP had (VP purchased (NP the Exxon Building )NP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )SBAR )NP )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP Japanese companies )NP (VP need (S (VP to (VP invest (PP in (NP overseas real estate )NP )PP (PP for (NP *UNK )NP )PP )VP )VP )S )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP an industry analyst )NP (PP at (NP Goldman Sachs (PRN -LRB- (NP Japan )NP -RRB- )PRN Corp )NP )PP )NP )NP . )SINV  STOP
(S (S (NP Rockefeller )NP (VP is n't (NP (NP the first overseas purchase )NP (PP for (NP Mitsubishi Estate )NP )PP )NP )VP )S -- (S (NP it )NP (VP has (ADVP already )ADVP (VP played (NP (NP a leading role )NP (PP in (S (VP *UNKING (NP (NP Los Angeles 's )NP Citicorp *UNKC )NP )VP )S )PP )NP )VP )VP )S . )S  STOP
(S But (NP the Rockefeller investment )NP (VP is (NP its largest )NP )VP . )S  STOP
(S (S (ADVP *UNKC )ADVP , (NP it )NP (VP will (ADVP barely )ADVP (VP make (NP a *UNK )NP (PP in (NP (NP Mitsubishi Estate 's )NP finances )NP )PP )VP )VP )S , (NP analysts )NP (VP say )VP . )S  STOP
(S (S (NP Mitsubishi Estate )NP (VP has n't (VP decided (SBAR (WHADVP how )WHADVP (S (NP it )NP (VP will (VP raise (NP (NP the funds )NP (PP for (NP the purchase )NP )PP , (SBAR (WHNP which )WHNP (S (VP are (ADJP due (PP in (NP cash )NP )PP (NP next April )NP )ADJP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )VP )S , but (S (NP (NP the *UNKC holdings )NP (ADVP alone )ADVP )NP (VP are (VP estimated (S (VP to (VP have (NP (NP a market value )NP (PP of (NP (NP (QP as much as 10 trillion )QP yen )NP (PP to (NP (QP 11 trillion )QP yen )NP )PP )NP )PP )NP )VP )VP )S )VP )VP )S . )S  STOP
(S (ADVP Moreover )ADVP , (PP as (NP (NP a member )NP (PP of (NP (NP the Mitsubishi group )NP , (SBAR (WHNP which )WHNP (S (VP is (VP headed (PP by (NP (NP one )NP (PP of (NP (NP Japan 's )NP largest banks )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP , (NP (NP it )NP )NP (VP is (ADJP sure )ADJP (S (VP to (VP win (NP a favorable loan )NP )VP )VP )S )VP . )S  STOP
(S (NP Analysts )NP (VP say (SBAR (S (NP the company )NP (ADVP also )ADVP (VP could (VP (ADVP easily )ADVP issue (NP new convertible bonds or warrants )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (PP at (NP home )NP )PP , (NP Mitsubishi )NP (VP has (NP (NP control )NP (PP of (NP some major projects )NP )PP )NP )VP . )S  STOP
(S (NP It )NP (VP is (NP (NP the largest private-sector *UNK )NP (PP of (NP (NP the *UNKC 21 project )NP , (NP (NP a *UNK- development )NP (PP in (NP (NP the *UNK city )NP (PP of (NP *UNKC )NP )PP , (PP (NP about an hour )NP outside (NP Tokyo )NP )PP )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (NP The project )NP (VP is (NP (NP one )NP (PP of (NP (NP a select group )NP (PP of (NP (NP public projects )NP opened (PP to (NP U.S. firms )NP )PP (PP under (NP (NP a *UNKC construction trade agreement )NP (VP reached (NP last year )NP )VP )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP (NP The *UNK )NP (PP of (NP that complex )NP )PP )NP , (NP the *UNKC Tower )NP , )NP (VP will (VP be (NP (NP Japan 's )NP *UNK building )NP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP is (VP completed (PP in (NP 1993 )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Mitsubishi )NP (VP is (ADVP also )ADVP (VP pushing (PRT ahead )PRT (PP with (NP (NP a controversial plan (S (VP to (VP *UNK (NP *UNKC )NP (PP into (NP (NP a business center )NP (PP of (NP high-tech buildings )NP )PP )NP )PP )VP )VP )S )NP , (NP (NP a project )NP (VP *UNKED (PP for (NP (NP 30 years )NP and (NP (QP six trillion )QP yen )NP )NP )PP )VP )NP )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP Time Warner Inc. )NP and (NP Sony Corp. )NP )NP (VP may (VP be (NP (NP today 's )NP public *UNK )NP )VP )VP )S , but (S (NP the two entertainment giants )NP (VP could (VP end (PRT up )PRT (S (VP becoming (NP (NP partners )NP (PP in (NP (NP a number )NP (PP of (NP ventures )NP )PP )NP )PP )NP (PP as (NP (NP part )NP (PP of (NP (NP a settlement )NP (PP of (NP (NP their *UNK legal dispute )NP (PP over (NP Hollywood producers Peter Guber and Jon Peters )NP )PP )NP )PP )NP )PP )NP )PP )VP )S )VP )VP )S . )S  STOP
(S (NP (NP The Warner *UNKC studio )NP and (NP Sony )NP )NP (VP signaled (SBAR (S (NP they )NP (VP are (ADVP close (PP to (NP a settlement )NP )PP )ADVP )VP )S )SBAR (NP yesterday )NP , (S (VP asking (NP a Los Angeles *UNKC Court )NP (S (VP to (VP *UNK (NP (NP a hearing )NP (VP scheduled (PP for (NP tomorrow )NP )PP )VP (PP on (NP (NP (NP Warner 's )NP request )NP (PP for (NP (NP a preliminary injunction )NP (VP blocking (NP (NP Mr. Guber )NP and (NP Mr. Peters )NP )NP (PP from (S (VP taking (NP (NP the top posts )NP (PP at (NP Columbia Pictures Entertainment Inc )NP )PP )NP )VP )S )PP )VP )NP )PP )NP )PP )NP )VP )VP )S )VP )S )VP . )S  STOP
(S (PP In (NP separate statements )NP )PP , (NP the two sides )NP (VP said (SBAR (S (NP they )NP (VP want (S (VP to (VP have `` (NP further discussions )NP )VP )VP )S )VP )S )SBAR )VP . '' )S  STOP
(S (NP Sony )NP (VP is (VP acquiring (NP (NP Columbia )NP and (NP Guber-Peters Entertainment Co. )NP )NP (PP in (NP (NP two separate transactions )NP (VP valued (PP at (NP (QP more than $ 5 billion )QP )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Warner Communications Inc. )NP , (SBAR (WHNP which )WHNP (S (VP is (VP being (VP acquired (PP by (NP Time Warner )NP )PP )VP )VP )VP )S )SBAR , )NP (VP has (VP filed (NP a (ADJP (QP $ 1 billion )QP )ADJP *UNK- suit )NP (PP against (NP (NP Sony )NP and (NP the two producers )NP )NP )PP )VP )VP . )S  STOP
(S (NP Warner )NP (VP has (NP (NP a five-year exclusive contract )NP (PP with (NP (NP Mr. Guber )NP and (NP Mr. Peters )NP )NP )PP (SBAR (WHNP that )WHNP (S (VP requires (S (NP them )NP (VP to (VP make (NP movies )NP (PP (ADVP *UNKLY )ADVP at (NP the Warner *UNKC studio )NP )PP )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP (NP The two sides )NP (PP in (NP the legal battle )NP )PP )NP (VP have (VP *UNKED (NP (NP *UNK )NP (PP of (NP *UNK )NP )PP )NP (PP at (NP each other )NP )PP (PP for (NP weeks )NP )PP )VP )VP )S , and (S (NP both Warner and Sony )NP (VP have (VP accused (NP each other )NP (PP of (S (VP trying (S (VP to (VP *UNK (NP (NP (NP each other 's )NP prospects )NP (PP for (NP (NP success )NP (PP in (NP the entertainment business )NP )PP )NP )PP )NP )VP )VP )S )VP )S )PP )VP )VP )S . )S  STOP
(S (S But (NP it )NP (VP may (VP amount (PP to (NP (NP little more )NP (PP than (NP *UNKING )NP )PP )NP )PP )VP )VP )S ; (S (S (NP the two )NP (VP have (VP continued (NP *UNK- , *UNK- settlement talks )NP (PP over (NP the last few weeks )NP )PP )VP )VP )S , and (S (NP (NP people )NP (ADJP familiar (PP with (NP the talks )NP )PP )ADJP )NP (VP say (SBAR (S (NP the matter )NP (VP could (VP be (VP resolved (PP within (NP a week )NP )PP )VP )VP )VP )S )SBAR )VP )S )S . )S  STOP
(S (NP Both Warner and Sony )NP (VP declined (S (VP to (VP comment (PP on (NP (NP the terms )NP (PP of (NP the settlement discussions )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S But (NP (NP the people )NP (ADJP familiar (PP with (NP the talks )NP )PP )ADJP )NP (VP said (SBAR that (S (NP Warner )NP (VP is n't (VP expected (S (VP to (VP get (NP any cash )NP (PP in (NP the settlement )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Instead )ADVP , (NP Sony )NP (VP is (ADJP likely (S (VP to (VP agree (S (VP to (VP let (S (NP Warner )NP (VP participate (PP in (NP (NP certain )NP (PP of (NP its businesses )NP )PP , (PP such as (NP (NP the record club )NP (PP of (NP (NP Sony 's )NP CBS Records unit )NP )PP )NP )PP )NP )PP )VP )S )VP )VP )S )VP )VP )S )ADJP )VP . )S  STOP
(S (S (NP Warner )NP (VP has (VP *UNKED (NP Sony )NP (PP as (NP the largest record company )NP )PP )VP )VP )S , but (S (NP it )NP (VP does n't (VP have (NP (NP a powerful world-wide record club )NP (PP like (NP CBS )NP )PP )NP )VP )VP )S . )S  STOP
(S (NP The two sides )NP (VP are (ADVP also )ADVP (VP discussing (NP (NP certain business ventures )NP (VP involving (NP (NP cable rights )NP (PP to (NP (NP Columbia 's )NP movies )NP )PP )NP )VP )NP )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP Sony )NP (VP is (VP expected (S (VP to (VP agree (S (VP to (VP swap (NP (NP (NP Columbia 's )NP (ADJP 35 % )ADJP stake )NP (PP in (NP (NP the *UNKING (NAC *UNKC , Calif. , )NAC studio )NP (SBAR (WHNP that )WHNP (S (NP Warner and Columbia )NP (VP share )VP )S )SBAR )NP )PP )NP , (PP in (NP (NP exchange )NP (PP for (NP (NP the old MGM studio lot )NP (SBAR (WHNP that )WHNP (S (NP Warner )NP (VP acquired (PP with (NP (NP the purchase )NP (PP of (NP *UNKC *UNKC Corp )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (ADVP Still )ADVP , (NP (NP it )NP )NP (VP may (VP be (ADJP tough )ADJP (SBAR for (S (NP the two )NP (VP to (VP have (NP (NP a smooth partnership )NP (PP in (NP anything )NP )PP )NP )VP )VP )S )SBAR , (PP in (NP (NP the wake )NP (PP of (NP (NP *UNK *UNK )NP (VP filed (PP over (NP the last week )NP )PP )VP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP One )NP , (PP for (NP example )NP )PP , (VP came (PP from (NP (NP CBS Records Chairman Walter *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP will (VP head (NP (NP a committee )NP (SBAR (WHNP that )WHNP (S (VP will (VP *UNK (NP (NP (NP Sony 's )NP entertainment division )NP , (PP including (NP both records and movies )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP In (NP his affidavit )NP )PP , (NP Mr. *UNKC )NP (VP (VP accused (NP Warner Chairman Steven J. Ross )NP (PP of (S (VP having (NP an `` *UNK , *UNK- bias '' )NP )VP )S )PP )VP and (VP said (SBAR that (S (NP Mr. Ross )NP (VP had (VP tried (S (VP to (VP talk (NP him )NP (PP out (PP of (S (VP letting (S (NP Sony )NP (VP buy (NP CBS Records )NP )VP )S )VP )S )PP )PP )VP )VP )S (ADVP (NP two years )NP ago )ADVP (PP for (NP that reason )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Mr. Ross )NP , (SBAR (WHNP who )WHNP (S (VP will (VP be (NP (NP (NP chairman )NP and (NP *UNK- executive officer )NP )NP (PP of (NP Time Warner )NP )PP )NP (SBAR after (S (NP the merger )NP (VP is (ADJP complete )ADJP )VP )S )SBAR )VP )VP )S )SBAR , )NP (VP (VP denied (NP that )NP (PP in (NP his own affidavit )NP )PP )VP , and (VP called (S (S (NP (NP Mr. *UNKC 's )NP remarks )NP `` (ADJP *UNK )ADJP '' )S and (S (NP his claims )NP `` (ADJP *UNK , irresponsible and *UNK )ADJP )S )S )VP , '' (S (VP saying (SBAR (S (NP Warner )NP (PP under (NP his leadership )NP )PP (VP has (VP started (NP (NP a number )NP (PP of (NP businesses )NP )PP )NP (PP in (NP Japan )NP )PP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP Mr. Ross )NP (ADVP also )ADVP (VP said (SBAR (S (NP he )NP (VP *UNK (NP `` (NP warm (ADJP professional and personal )ADJP relationships )NP '' (PP with (NP (NP Japanese executives )NP (PP including (NP (NP Sony Chairman *UNKC *UNKC )NP , `` (SBAR (WHNP who )WHNP (S (VP has (VP visited (NP (NP my home )NP (ADVP here )ADVP )NP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )VP )S )SBAR )VP . '' )S  STOP
(S But (PP despite (NP (NP the *UNK )NP (PP between (NP (NP Mr. Ross )NP and (NP Mr. *UNKC )NP )NP )PP )NP )PP , (NP (NP officials )NP (PP of (NP (NP the Time side )NP (PP of (NP Time Warner )NP )PP )NP )PP )NP (VP have (ADVP reportedly )ADVP (VP been (ADJP increasingly interested (PP in (NP (NP a settlement )NP (SBAR (WHNP that )WHNP (S (VP might (VP yield (NP attractive business opportunities )NP )VP )VP )S )SBAR )NP )PP )ADJP )VP )VP . )S  STOP
(S (NP (NP Time executives )NP (PP such as (NP (NP (NP the company 's )NP president )NP , (NP *UNKC . Nicholas )NP , (SBAR (WHNP who )WHNP (S (VP will (ADVP eventually )ADVP (VP be (NP (NP *UNK- executive )NP (PP of (NP Time Warner )NP )PP (PP *UNK (NP Mr. Ross )NP )PP )NP )VP )VP )S )SBAR , )NP )PP )NP (VP (VP have (NP no personal relationships or *UNK )NP (PP at (NP stake )NP )PP (PP in (NP (NP the fight )NP (PP over (NP the Guber-Peters *UNK )NP )PP )NP )PP )VP , and (VP were (ADVP never )ADVP (VP (ADVP directly )ADVP drawn (PP into (NP the *UNK )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP between (NP the two sides )NP )PP )NP (VP could (VP *UNK , (PP of (NP course )NP )PP , (SBAR as (S (NP they )NP (VP have (ADVP more than once )ADVP (SBAR since (S (NP Sony )NP (VP announced (NP its plans (S (VP to (VP hire (NP (NP Mr. Guber )NP and (NP Mr. Peters )NP )NP )VP )VP )S )NP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S But (NP both sides )NP (VP appear (S (VP to (VP be (ADJP more willing )ADJP (ADVP now )ADVP (S (VP to (VP meet (NP (NP each other 's )NP terms )NP (S (VP to (VP resolve (NP the issue )NP )VP )VP )S )VP )VP )S )VP )VP )S )VP . )S  STOP
(S And (SBAR although (S (NP Warner )NP (VP has (VP said (SBAR (S (NP it )NP (VP wanted (S (NP the producers )NP (VP to (VP *UNK (NP (NP the terms )NP (PP of (NP their contract )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP )VP )S )SBAR , (NP the producers )NP (VP said (PP in (NP *UNK court *UNK )NP )PP (SBAR that (S (NP they )NP (VP did n't (VP believe (SBAR (S (NP the relationship )NP (VP could (VP be (VP *UNKED (PP after (NP (NP the *UNK )NP (PP of (NP the legal battle )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Any settlement )NP (VP is (ADVP also )ADVP (VP expected (S (VP to (VP exclude (NP (NP Mr. Guber )NP and (NP Mr. Peters )NP )NP (PP from (NP (NP any )NP (PP of (NP (NP the projects )NP (SBAR (S (NP they )NP (VP were (VP working (PP on )PP (PP at (NP Warner )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP The Guber-Peters *UNK )NP (VP have (NP (NP 50 projects )NP (PP in (NP (NP various stages )NP (PP of (NP development and production )NP )PP )NP )PP (PP at (NP Warner )NP )PP , (PP including (NP `` (NP (NP *UNKC )NP (PP of (NP the *UNKC )NP )PP )NP '' and `` (NP A *UNKC *UNKING *UNKC )NP )NP )PP )NP )VP . '' )S  STOP
(S (S But (NP that )NP (VP does n't (VP mean (SBAR (S (NP (NP Mr. Guber )NP and (NP Mr. Peters )NP )NP (VP might not (ADVP eventually )ADVP (VP get (NP their hands )NP (PP on (NP (NP some )NP (PP of (NP their projects )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP )S ; (S (NP *UNK )NP (VP (VP develop (NP (NP hundreds )NP (PP of (NP movies )NP )PP )NP )VP but (VP produce (NP (QP only 10 to 20 )QP )NP (NP each year )NP )VP )VP )S . )S  STOP
(S (SBAR Once (S (NP a studio )NP (VP *UNK (S not (VP to (VP (ADVP actually )ADVP make (NP (NP a movie )NP (SBAR (WHNP that )WHNP (S (VP is (PP in (NP development )NP )PP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR , (NP producers )NP (VP are (ADVP typically )ADVP (ADJP free (S (VP to (VP take (NP it )NP (ADVP elsewhere )ADVP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP (NP Mr. Guber )NP and (NP Mr. Peters )NP )NP (ADVP also )ADVP (ADVP almost certainly )ADVP (VP would n't (VP be (ADJP able (S (VP to (VP participate (PP in (NP (NP future *UNK )NP (PP to (NP `` (NP *UNKC )NP , '' (NP (NP the *UNK hit )NP (SBAR (S (NP they )NP (VP produced (PP for (NP Warner )NP )PP )VP )S )SBAR )NP )NP )PP )NP )PP )VP )VP )S )ADJP )VP )VP . )S  STOP
(S But (PP in (S (VP acquiring (NP Guber-Peters Entertainment )NP )VP )S )PP , (NP Sony )NP (VP will (ADVP actually )ADVP (VP get (NP (NP a piece )NP (PP of (NP (NP the profits )NP (PP from `` (NP *UNKC )NP )PP )NP )PP )NP , '' (SBAR since (S (NP the (ADJP publicly held )ADJP concern )NP (VP gets (NP certain revenue )NP (PP from (NP (NP the movies )NP (SBAR (S (NP (NP Mr. Guber )NP and (NP Mr. Peters )NP )NP (VP produce )VP )S )SBAR )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The two producers )NP (VP own (NP (NP a combined (ADJP 28 % )ADJP stake )NP (PP in (NP Guber-Peters )NP )PP )NP )VP . )S  STOP
(S (NP (NP Southern Co. 's )NP Gulf Power Co. subsidiary )NP (VP (VP pleaded (NP guilty )NP (PP to (NP (NP two *UNK charges )NP (PP of (NP (NP conspiracy (S (VP to (VP make (NP illegal political contributions )NP )VP )VP )S )NP and (NP tax *UNK )NP )NP )PP )NP )PP )VP , and (VP paid (NP (NP $ 500,000 )NP (PP in (NP fines )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP (NP Gulf Power 's )NP guilty plea )NP (PP before (NP U.S. District Judge Robert L. *UNKING )NP )PP )NP (NP yesterday )NP (VP marks (NP (NP the end )NP (PP of (NP (NP (QP only one )QP part )NP (PP of (NP (NP a *UNKING inquiry )NP (PP of (NP Southern Co )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The company )NP (VP is (NP (NP the subject )NP (PP of (NP (NP a federal grand jury investigation )NP (PP into (SBAR whether (S (NP (NP its officials )NP and (NP its utility subsidiaries )NP )NP (VP *UNKED (S (VP to (VP cover (PRT up )PRT (NP (NP their accounting )NP (PP for (NP *UNK parts )NP )PP )NP (S (VP to (VP *UNK (NP federal income taxes )NP )VP )VP )S )VP )VP )S )VP )S )SBAR )PP )NP )PP )NP )VP . )S  STOP
(SINV `` (S (NP (NP The terms )NP (VP announced (NP today )NP )VP )NP (VP are (ADVP *UNKLY )ADVP (PP between (NP (NP the United States )NP and (NP Gulf Power )NP )NP )PP )VP )S , '' (VP said )VP (NP U.S. Attorney Robert L. *UNKC )NP . )SINV  STOP
(S `` (NP This )NP (VP is (NP (NP only a further step )NP (PP in (NP a *UNK investigation )NP )PP )NP )VP . '' )S  STOP
(S (NP The plea settlement )NP (VP does not (VP allow (S (NP Southern Co. )NP (VP to (VP (VP charge (NP (NP any )NP (PP of (NP the $ 500,000 )NP )PP )NP (PP to (NP its customers )NP )PP )VP , or (VP take (NP action )NP (PP against (NP (NP employees )NP (SBAR (WHNP who )WHNP (S (VP provided (NP information )NP (PP during (NP the federal inquiry )NP )PP )VP )S )SBAR )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP Gulf Power )NP (VP had (VP been (PP under (NP investigation )NP )PP (PP for (S (VP *UNKING (NP (NP the *UNKC Holding Company Act )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP public utilities )NP (PP from (S (VP making (NP political contributions )NP )VP )S )PP )VP )S )SBAR )NP )VP )S )PP )VP )VP . )S  STOP
(S (PP In (NP a statement )NP )PP , (NP Southern Co. President Edward L. *UNKC )NP (VP said , `` (S (NP We )NP (VP believe (SBAR (S (NP our decision (S (VP to (VP *UNK -LRB- (NP guilty )NP -RRB- (PP to (NP these charges )NP )PP )VP )VP )S )NP (VP is (ADJP responsible and proper )ADJP )VP )S )SBAR )VP )S )VP . )S  STOP
(S And (NP (NP our action )NP (NP today )NP )NP (VP will (VP allow (S (NP Gulf Power )NP (VP to (VP avoid (NP prolonged , *UNKING legal proceedings )NP )VP )VP )S )VP )VP . '' )S  STOP
(S (NP He )NP (VP did not (VP say (SBAR (WHNP what effect )WHNP (PRN , (SBAR if (FRAG (NP any )NP )FRAG )SBAR , )PRN (S (NP the (ADJP $ 500,000 )ADJP fine )NP (VP would (VP have (PP on (NP (NP the company 's )NP earnings )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP (NP (NP yesterday 's )NP plea )NP (PP by (NP Gulf Power )NP )PP , (SBAR (WHNP which )WHNP (S (VP came (PP after (NP (NP months )NP (PP of (NP negotiations )NP )PP )NP )PP )VP )S )SBAR , )NP (VP was (VP based (PP on (NP evidence (SBAR that (S (NP Gulf Power )NP (VP had (VP set (PRT up )PRT (NP (NP an elaborate payment system )NP (SBAR (WHPP through (WHNP which )WHNP )WHPP (S (NP it )NP (VP *UNKED (NP (NP outside *UNK )NP (PRN -- (ADVP primarily )ADVP (NP three Florida advertising agencies )NP -- )PRN )NP (PP for (S (VP making (NP illegal political contributions )NP (PP on (NP its behalf )NP )PP )VP )S )PP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNKC Agency )NP , (PP for (NP example )NP )PP , (ADVP allegedly )ADVP (VP (VP made (NP contributions )NP (PP (PP from (NP 1982 )NP )PP (PP to (NP 1984 )NP )PP )PP (PP to (NP (NP various funds )NP (PP for (NP political candidates )NP )PP )NP )PP )VP , (ADVP then )ADVP (VP submitted (NP bills )NP (PP to (NP Gulf Power )NP )PP )VP )VP . )S  STOP
(S (S (NP The contributions )NP (VP were (VP funded (PP by (NP (NP monthly payments )NP (PP of (NP (QP $ 1,000 to $ 2,000 )QP )NP )PP (PP to (NP *UNKC )NP )PP (PP in (NP (NP the *UNK )NP (PP of (NP a `` special production fee '' )NP )PP )NP )PP )NP )PP (PRN -- (PP in (NP effect )NP )PP , (S (VP *UNKING (NP (NP the nature )NP (PP of (NP the payments )NP )PP )NP (PP from (NP the Internal Revenue Service )NP )PP )VP )S )PRN )VP )VP )S , (NP federal prosecutors )NP (VP said )VP . )S  STOP
(S (NP The government )NP (ADVP also )ADVP (VP indicated (SBAR that (S (NP former Gulf Power senior vice president *UNKC F. `` *UNKC '' *UNKC )NP (VP was (NP (NP the *UNK )NP (PP behind (NP (NP the use )NP (PP of (NP (NP the ad agencies )NP (PRN -- (NP (NP *UNKC )NP , (NP Dick *UNKC Group II Inc. )NP and (NP *UNKC & *UNKC Corp. )NP )NP -- )PRN )NP )PP (S (VP to (VP make (NP payments )NP (PP to (NP various political candidates )NP )PP (PP (PP from (NP 1981 )NP )PP (PP to (NP 1988 )NP )PP )PP )VP )VP )S )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP *UNK (NP (NP Gulf Power 's )NP *UNK- efforts )NP )VP )S )SBAR , )NP (VP died (ADVP *UNKLY )ADVP (PP in (NP a plane crash )NP )PP (PP in (NP April )NP )PP (PP after (S (VP learning (SBAR (S (NP he )NP (VP might (VP be (VP fired )VP )VP )VP )S )SBAR (PP following (NP (NP the *UNKING )NP (PP of (NP *UNK )NP )PP (PP in (NP a company audit )NP )PP )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP Government officials )NP (VP declined (S (VP to (VP say (SBAR whether (S (NP the investigation )NP (VP includes (NP (NP the ad agencies )NP or (NP (NP the politicians )NP (VP involved )VP )NP )NP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (PP In (NP New York Stock Exchange trading )NP )PP , (NP Southern Co. )NP (VP rose (NP (NP 50 cents )NP (NP a share )NP )NP (PP to (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (NP ` *UNKC *UNKC ' *UNKC )NP (VP *UNKC (PRT *UNK )PRT (NP *UNKED *UNKC )NP )VP )S  STOP
(S (S (VP *UNK (VP *UNKC (NP (NP a bigger piece )NP (PP of (NP the declining *UNK market )NP )PP )NP )VP )VP )S , (NP Seagram Co. )NP (VP has (VP launched (NP (NP a controversial `` frequent *UNK '' promotion )NP (PP for (NP its *UNKC *UNKC brand )NP )PP )NP )VP )VP . )S  STOP
(S (PP Under (NP (NP the program )NP , (VP dubbed (S (NP *UNKC Class )NP )S )VP )NP )PP , (NP (NP customers )NP (SBAR (WHNP who )WHNP (S (VP send (PRT in )PRT (NP (NP two *UNK )NP (PP from (NP *UNKC *UNK )NP )PP )NP )VP )S )SBAR )NP (VP will (VP receive (NP (NP an *UNK )NP (PP in (NP *UNKING class )NP )PP (PP on (NP some Trans World Airlines flights )NP )PP )NP )VP )VP . )S  STOP
(S (NP *UNKC customers )NP (ADVP also )ADVP (VP can (VP purchase (NP luxury items )NP (PP at (NP reduced prices )NP )PP )VP )VP . )S  STOP
(S But (PP at (NP (NP a time )NP (PP of (NP (NP mounting concern )NP (PP over (NP *UNK abuse )NP )PP )NP )PP )NP )PP , (NP some liquor marketers )NP (VP consider (S (NP (NP Seagram 's )NP frequent buyer promotion )NP (ADJP risky )ADJP )S )VP . )S  STOP
(SINV `` (S (NP I )NP (VP 'm (ADJP surprised (SBAR (S (NP they )NP (VP 're (VP doing (NP this )NP )VP )VP )S )SBAR )ADJP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP president )NP (PP of (NP (NP *UNKC & *UNKC Co. )NP , (SBAR (WHNP which )WHNP (S (VP markets (NP *UNKC *UNKC *UNK )NP )VP )S )SBAR )NP )PP )NP )NP . )SINV  STOP
(S `` (NP I )NP (VP would (VP be (ADJP very *UNK (PP of (NP (NP anything )NP (SBAR (WHNP that )WHNP (S (VP says (S (SBAR if (S (NP you )NP (VP drink (NP more )NP )VP )S )SBAR , (NP you )NP (VP get (NP more )NP )VP )S )VP )S )SBAR )NP )PP )ADJP )VP )VP . '' )S  STOP
(S (NP Others )NP (VP question (NP (NP the impact )NP (PP on (NP (NP Chivas 's )NP upscale image )NP )PP (PP of (NP (NP a promotion )NP (SBAR (WHNP that )WHNP (S (VP has (NP (NP customers )NP (VP *UNKING (PRT off )PRT (NP *UNK )NP )VP )NP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's (ADJP really *UNK )ADJP )VP )S , '' (VP says )VP (NP (NP Albert *UNKC )NP , (NP (NP creative director )NP (PP at (NP the Wells Rich *UNKC ad agency )NP )PP )NP )NP . )SINV  STOP
(S `` (NP Chivas )NP (VP has (NP (NP an image )NP (PP of (NP (NP something )NP (SBAR (S (NP you )NP (VP would (VP *UNK , (CONJP rather than )CONJP *UNK )VP )VP )S )SBAR )NP )PP )NP )VP . '' )S  STOP
(S (NP Chivas Class )NP (VP is n't (NP the first such promotion )NP )VP . )S  STOP
(S (NP Last year )NP , (NP *UNKC *UNKC )NP (VP offered (NP 500 *UNKC frequent *UNK miles )NP (PP in (NP (NP exchange )NP (PP for (NP a *UNK )NP )PP )NP )PP )VP . )S  STOP
(S And (NP *UNKC 's )NP (VP gave (NP (NP discounts )NP (PP on (NP *UNKC merchandise )NP )PP )NP (PP to (NP (NP people )NP (SBAR (WHNP who )WHNP (S (VP sent (PRT in )PRT (NP *UNK *UNK )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S But (NP (NP the *UNK )NP (PP of (NP (NP Seagram 's )NP Chivas promotion )NP )PP )NP (VP sets (NP it )NP (ADVP apart )ADVP )VP . )S  STOP
(S (NP The current campaign )NP (VP is (NP (NP just the first *UNK )NP (PP of (NP an aggressive *UNK- direct marketing plan )NP )PP )NP )VP . )S  STOP
(S (NP Seagram )NP (VP says (SBAR (S (NP the promotion )NP (VP is (VP designed (S (VP to (VP (VP build (NP brand loyalty )NP )VP (CONJP rather than )CONJP (VP promote (NP heavy drinking )NP )VP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP Seagram )NP (VP asks (NP customers )NP (S (VP to (VP buy (NP (QP only two or three )QP *UNK )NP (PP over (NP a *UNK- period )NP )PP )VP )VP )S )VP )S , (VP says )VP (NP (NP Richard *UNKC )NP , (NP (NP vice president )NP (PP of (NP U.S. direct marketing )NP )PP )NP )NP . )SINV  STOP
(S `` (NP We )NP (VP 're not (VP asking (NP them )NP (S (VP to (VP save (PRT up )PRT (NP 50 *UNK- )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP We )NP (VP 're not (VP saying (S (VP drink (NP more )NP )VP )S )VP )VP )S , (S (NP we )NP (VP 're (VP saying (S (VP trade (PRT up )PRT )VP )S )VP )VP )S . '' )S  STOP
(S (NP *UNKC )NP (VP *UNKC (NP (NP a *UNKC )NP (PP For (NP Hispanic *UNKC )NP )PP )NP )VP )S  STOP
(S (NP *UNKC *UNKC companies )NP (NP these days )NP (VP are (VP *UNKING (NP (NP the fat and cholesterol *UNK )NP (PP of (NP their products )NP )PP )NP (S (VP to (VP appeal (PP to (NP *UNK- consumers )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S But (NP *UNKC Foods Inc. )NP (VP believes (SBAR (S (NP it )NP (VP can (VP milk (NP some sales )NP (PP by (S (VP *UNKING (NP the trend )NP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The (NAC *UNKC , N.J. , )NAC company )NP (VP has (VP formed (NP a joint venture )NP (PP with (NP (NP a distributor )NP (VP called (S (NP La *UNKC )NP )S )VP )NP )PP (S (VP to (VP market (NP (NP a *UNK- milk )NP (VP targeted (PP at (NP Hispanic consumers )NP )PP )VP )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (VP To (VP give (NP *UNKC *UNKC )NP (NP (NP the *UNK taste )NP (SBAR (S (NP *UNKC )NP (VP says (SBAR (S (NP *UNKC )NP (VP prefer )VP )S )SBAR )VP )S )SBAR )NP )VP )VP )S , (NP the new brand )NP (VP has (NP (NP a *UNK *UNK )NP (PP of (NP 3.8 % )NP )PP )NP )VP . )S  STOP
(S (NP That )NP (VP compares (PP with (NP (NP (ADJP 3.5 % )ADJP *UNK )NP (PP for (NP whole milk )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP (NP A spokesman )NP (PP for (NP *UNKC Inc. )NP )PP )NP , (NP (NP the nation 's )NP largest milk producer )NP , )NP (VP concedes (SBAR (S (NP *UNKC )NP (VP may (VP be (PP on (PP to (NP something )NP )PP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP *UNKC )NP (VP sells (NP (NP (ADJP considerably more )ADJP whole milk )NP (PP than (NP *UNK- *UNK )NP )PP )NP (PP in (NP (ADJP southern and Hispanic )ADJP markets )NP )PP )VP )S , (NP he )NP (VP says )VP . )S  STOP
(S (NP *UNKC )NP (ADVP even )ADVP (VP (VP tested (NP (NP a milk )NP (PP with (NP (ADJP 4 % )ADJP *UNK )NP )PP )NP (PP in (NP the South )NP )PP )VP , but (VP decided (SBAR (S (NP the market )NP (VP was (ADJP too small )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (VP selling (NP *UNKC *UNKC )NP (PP in (NP (NP (QP nearly 500 )QP grocery stores and *UNK )NP (PP in (NP (NP New York )NP and (NP (NP parts )NP (PP of (NP New Jersey )NP )PP )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(SINV (S And (NP it )NP (VP 's (VP adding (NP (NP (QP 15 to 20 )QP new outlets )NP (NP a day )NP )NP )VP )VP )S , (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP sales director )NP (PP at (NP La *UNKC )NP )PP )NP )NP . )SINV  STOP
(S (PP Because of (NP (NP *UNKC *UNKC 's )NP success )NP )PP (PRN , (S (NP he )NP (VP says )VP )S , )PRN (NP the joint venture )NP (VP is (VP developing (NP (NP other *UNK products )NP (VP *UNKED (PP to (NP Hispanic *UNK )NP )PP )VP )NP )VP )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP *UNKC (NP *UNKC Sales *UNKC )NP )VP )S  STOP
(S (PP *UNKC (NP *UNKC )NP )PP , (NP *UNK jewelry makers )NP (VP fought (NP a losing battle )NP )VP . )S  STOP
(S (NP (NP *UNKC displays )NP (PP in (NP department stores )NP )PP )NP (VP were (ADVP often )ADVP (ADJP *UNKED and *UNKED )ADJP )VP . )S  STOP
(S And (NP the merchandise )NP (VP was , (INTJ well )INTJ , (ADJP *UNK )ADJP )VP . )S  STOP
(S (PP As (NP a result )NP )PP , (NP (NP marketers )NP (PP of (NP *UNK *UNK )NP )PP )NP (VP (ADVP steadily )ADVP lost (NP space )NP (PP in (NP department stores )NP )PP (PP to (NP (NP (ADJP more *UNK )ADJP rivals )NP -- (NP cosmetics makers )NP )NP )PP )VP . )S  STOP
(S But (ADVP lately )ADVP (PRN , (S (NP retailers )NP (VP say )VP )S , )PRN (NP *UNK )NP (VP has (VP become (ADJP more *UNK )ADJP )VP )VP . )S  STOP
(S And (NP jewelry makers )NP (VP are (VP beginning (S (VP to (VP use (NP (NP many )NP (PP of (NP (NP the same marketing *UNK )NP (VP *UNKED (PP in (NP (NP the aggressive world )NP (PP of (NP cosmetics )NP )PP )NP )PP )VP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(SINV (S (NP Last year )NP , (NP (NP the total women 's )NP fashion jewelry business )NP (VP topped (NP (QP $ 4.9 billion )QP )NP )VP )S , (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP editor )NP (PP of (NP *UNKC magazine )NP )PP )NP )NP . )SINV  STOP
(S And (NP it )NP (VP 's (VP growing (ADVP fast )ADVP , (PP with (NP (NP annual sales gains )NP (PP of (NP (QP more than 10 )QP % )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (VP To (VP increase (NP (NP their share )NP (PP of (NP that business )NP )PP )NP )VP )VP )S , (NP (NP jewelry makers )NP (PP such as (NP (NP (NP *UNKC Brands Inc. 's )NP *UNKC and *UNKC units )NP and (NP (NP *UNKC Inc. )NP , (NP (NP maker )NP (PP of (NP *UNKC *UNKC jewelry )NP )PP )NP , )NP )NP )PP )NP (VP are (VP launching (NP new lines )NP (PP with (NP (NP (ADJP as much )ADJP *UNK )NP (PP as (NP the *UNK companies )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP They )NP (VP 're (VP hiring (NP (NP models )NP (SBAR (S (VP to (VP *UNK (NP the *UNK )NP (S (VP *UNKING (NP their *UNK )NP )VP )S )VP )VP )S )SBAR )NP )VP )VP )S , and (S (NP they )NP (VP 're (ADVP even )ADVP (VP beginning (S (VP to (VP borrow (NP (NP a *UNK favorite )NP (PP of (NP the *UNK business )NP )PP -- (S (VP offering (NP a *UNK )NP (SBAR (WHADVP when )WHADVP (S (NP consumers )NP (VP make (NP a purchase )NP )VP )S )SBAR )VP )S )NP )VP )VP )S )VP )VP )S . )S  STOP
(SINV `` (S (NP We )NP (VP 've (VP started (S (VP trying (NP just about anything )NP (S (VP to (VP keep (S (NP sales )NP (VP moving (PP in (NP the stores )NP )PP )VP )S )VP )VP )S )VP )S )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP a *UNKC vice president )NP )NP . )SINV  STOP
(S But (NP there )NP (VP are (NP limits )NP )VP . )S  STOP
(S (NP Ms. *UNKC )NP (VP says (SBAR (S (NP retailers )NP (VP *UNKED (NP (NP a promotion )NP (PP for (NP (NP *UNK )NP (PP with (NP animal *UNK )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(FRAG (NP Her idea )NP : (S (VP bring (PRT in )PRT (NP live *UNK animals )NP )VP )S . )FRAG  STOP
(S (NP (NP *UNKC )NP , (SBAR (WHNP whose national ads )WHNP (S (NP earlier this year )NP (VP included (NP (NP paper *UNK )NP (PP of (NP its *UNK *UNK )NP )PP )NP )VP )S )SBAR , )NP (VP takes (NP a *UNK approach )NP )VP . )S  STOP
(SINV (S (NP The company )NP (VP *UNK (PP on (NP the *UNK- aspects )NP )PP )VP )S , (VP says )VP (NP (NP *UNKC E. Philip )NP , (NP president )NP )NP . )SINV  STOP
(S (NP *UNKC )NP (ADVP now )ADVP (VP *UNK (S (NP sales help )NP (VP to (VP advise (NP customers )NP (PP on (NP the best *UNKING *UNK )NP )PP )VP )VP )S )VP . )S  STOP
(S (S But (NP cosmetics firms )NP (ADVP still )ADVP (VP have (NP one big marketing edge )NP )VP )S : (S (NP They )NP (VP *UNK (NP sales people )NP (PP with (NP commissions )NP )PP )VP )S . )S  STOP
(S (NP *UNKC makers )NP (VP (VP (ADVP rarely )ADVP pay (NP commissions )NP )VP and (VP are n't (VP expected (S (VP to )VP )S (ADVP *UNK soon )ADVP )VP )VP )VP . )S  STOP
(NP *UNKC and *UNKC )NP  STOP
(S (PP *UNKC (NP (NP *UNKC interest )NP (PP in (NP the environment )NP )PP )NP )PP , (NP U.S. consumers )NP (VP have n't (VP shown (NP (NP much interest )NP (PP in (NP (NP *UNK packages )NP (PP for (NP household products )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP Procter & Gamble Co. )NP (ADVP recently )ADVP (VP (VP introduced (NP (NP *UNK versions )NP (PP of (NP (NP four products )NP , (PP including (NP (NP *UNKC )NP and (NP Mr. Clean )NP )NP )PP )NP )PP )NP , (PP in (NP Canada )NP )PP , )VP but (VP does n't (VP plan (S (VP to (VP bring (NP them )NP (PP to (NP the U.S. )NP )PP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP believe (SBAR (S (NP most Americans )NP (VP wo n't (VP make (NP the *UNK *UNK- )NP )VP )VP )S )SBAR )VP ... . )S  STOP
(S (NP *UNKC Ltd. )NP (VP tests (NP (NP a beer )NP (VP *UNKED (PP with (NP (NP *UNK *UNK )NP , (CONJP rather than )CONJP (NP rice or corn )NP )NP )PP )VP )NP )VP . )S  STOP
(S (S (VP *UNKED (S (NP (NP *UNKC 's )NP *UNKC *UNKC *UNKC *UNKC )NP )S )VP )S , (NP the *UNK )NP (VP costs (NP (NP (QP about $ *UNKN )QP )NP (NP a case )NP )NP )VP . )S  STOP
(FRAG (NP No cholesterol )NP , (PP of (NP course )NP )PP . )FRAG  STOP
(S (S (S (NP Northwest Airlines )NP (VP settled (NP (NP the remaining lawsuits )NP (VP filed (PP on (NP (NP behalf )NP (PP of (NP (NP *UNKN people )NP (VP killed (PP in (NP a 1987 crash )NP )PP )VP )NP )PP )NP )PP )VP )NP )VP )S , but (S (NP (NP claims )NP (PP against (NP (NP the *UNK 's )NP maker )NP )PP )NP (VP are (VP being (VP *UNKED )VP )VP )VP )S )S , (NP a federal judge )NP (VP said )VP . )S  STOP
(S (NP (NP (NP Northwest )NP , (NP (NP a unit )NP (PP of (NP *UNKC Inc. )NP )PP )NP )NP , and (NP (NP *UNKC Douglas Corp. )NP , (SBAR (WHNP which )WHNP (S (VP made (NP the *UNKC aircraft )NP )VP )S )SBAR )NP , )NP (ADVP also )ADVP (VP are (VP pursuing (NP (NP *UNK )NP (PP against (NP each other )NP )PP (PP in (NP (NP the crash )NP (PP near (NP Detroit Metropolitan Airport )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Terms )NP (PP of (NP the settlements )NP )PP (PP for (NP (NP the remaining 145 lawsuits )NP (PP against (NP Northwest )NP )PP )NP )PP )NP (VP were n't (VP disclosed )VP )VP . )S  STOP
(S (NP (NP A total )NP (PP of (NP *UNKN lawsuits )NP )PP )NP (VP were (VP filed (PP on (NP (NP behalf )NP (PP of (NP crash victims )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP U.S. District Judge *UNKC A. *UNKC Jr. )NP (VP announced (NP the settlements )NP (SBAR as (S (NP the jury trial )NP (VP was (S (VP to (VP begin )VP )VP )S )VP )S )SBAR (NP yesterday )NP )VP . )S  STOP
(S (NP He )NP (VP reset (NP opening arguments )NP (PP for (NP today )NP )PP )VP . )S  STOP
(S (NP The jury )NP (VP will (VP resolve (NP (NP (NP the claims )NP (PP against (NP *UNKC Douglas )NP )PP )NP , (NP (NP Northwest 's )NP claim (SBAR that (S (NP (NP a *UNK )NP (PP in (NP the aircraft )NP )PP )NP (VP caused (NP the crash )NP )VP )S )SBAR )NP , and (NP (NP *UNKC Douglas ' )NP claim (SBAR that (S (NP the plane )NP (VP was (VP (ADVP *UNKLY )ADVP *UNK )VP )VP )S )SBAR )NP )NP )VP )VP . )S  STOP
(S (NP The National Transportation *UNKC Board )NP (VP ruled (SBAR that (S (NP pilots )NP (VP (VP failed (S (VP to (VP set (NP (NP the plane 's )NP *UNKING *UNK and *UNK )NP (ADVP properly )ADVP (PP for (NP *UNK )NP )PP )VP )VP )S )VP and (VP failed (S (VP to (VP make (NP (NP mandatory *UNK checks )NP (SBAR (WHNP that )WHNP (S (VP would (VP have (VP *UNKED (NP the error )NP )VP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Also )ADVP , (S (NP a *UNK warning system )NP (VP failed (S (VP to (VP *UNK (NP the pilots )NP (SBAR (S (NP the *UNK and *UNK )NP (VP were not (VP set (PP for (NP *UNK )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP )S , (NP the *UNKC )NP (VP said )VP . )S  STOP
(S (NP (NP The only passenger )NP (SBAR (WHNP who )WHNP (S (VP *UNKED (NP the crash )NP )VP )S )SBAR )NP (VP was (NP (NP *UNKC *UNKC )NP , (RRC (ADVP then )ADVP (NP 4 )NP )RRC , (PP of (NP (NP *UNKC )NP , (NP Ariz. )NP )NP )PP , (SBAR (WHNP whose parents and brother )WHNP (S (VP died (PP in (NP the crash )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP She )NP (ADVP now )ADVP (VP lives (PP with (NP *UNK )NP )PP (PP in (NP *UNKC )NP )PP )VP . )S  STOP
(S (NP (NP Sun *UNKC Moon )NP , (NP (NP the Korean *UNK- )NP (SBAR (WHNP who )WHNP (S (PP in (NP *UNKN )NP )PP (VP founded (NP the *UNKC Church )NP )VP )S )SBAR )NP , )NP (VP remains (NP (NP the *UNK man )NP (PP behind (NP (NP a *UNK- (UCP political and publishing )UCP operation )NP (VP (VP based (PP in (NP this country )NP )PP )VP and (VP *UNKING (PP to (NP the American right )NP )PP )VP )VP )NP )PP )NP )VP . )S  STOP
(S But (NP there )NP (VP may (VP be (NP (NP less )NP (ADVP there )ADVP (SBAR than (S (VP *UNK (NP the eye )NP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP Mr. Moon )NP (VP planned (S (VP (VP to (VP convert (NP (NP millions )NP (PP of (NP Americans )NP )PP )NP (PP to (NP (NP his *UNK brand )NP (PP of (NP *UNKC )NP )PP (PRN -- (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP he )NP (VP plays (NP (NP the role )NP (PP of (NP (ADJP Old *UNKC )ADJP *UNK , political *UNK )NP )PP )NP )VP )S )SBAR -- )PRN )NP )PP )VP )VP and (ADVP then )ADVP (VP to (VP make (S (NP the U.S. )NP (NP (NP part )NP (PP of (NP a *UNKED international *UNK )NP )PP )NP )S )VP )VP )VP )S )VP . )S  STOP
(S (NP (NP His original strategy )NP (PRN -LRB- (PP in (NP itself )NP )PP (NP (NP a *UNK *UNK )NP (PP for (S (VP *UNKING (NP a *UNK )NP )VP )S )PP )NP -RRB- )PRN )NP (VP was (S (VP to (VP create (NP new economic enterprises )NP (NP (NP each time )NP (SBAR (S (NP he )NP (VP wanted (S (VP to (VP extend and fund (NP his various *UNK *UNK )NP )VP )VP )S )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC (UCP airport and *UNK- )UCP *UNK )NP (VP were (VP intended (S (ADVP only )ADVP (VP to (VP provide (NP start-up funds )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (ADJP More stable )ADJP industries )NP (VP were (S (VP to (VP build (NP an (ADJP *UNKLY viable )ADJP *UNK )NP (PP for (NP (NP the Moon movement )NP (PP in (NP North America )NP )PP )NP )PP , (SBAR as (S (NP they )NP (VP had (VP (PP in (NP (NP Japan )NP and (NP South Korea )NP )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (ADVP Then )ADVP (NP he )NP (VP would (VP move (NP his movement )NP (PP to (NP Europe )NP )PP )VP )VP . )S  STOP
(S But (NP that )NP (VP was not (S (VP to (VP be )VP )VP )S )VP . )S  STOP
(S (PP *UNKC (NP the (NX (NX 1970s )NX and (NX early 1980s )NX )NX )NP )PP (NP (NP *UNK )NP (PP for (NP both (NP the *UNKC Church )NP and (NP (NP its opponents )NP (PP in (NP the *UNK movement )NP )PP )NP )NP )PP )NP (VP gave (NP (ADJP *UNKLY *UNKED )ADJP membership figures )NP )VP . )S  STOP
(S (NP Their *UNK )NP (VP lives (PRT on )PRT )VP . )S  STOP
(S (NP (NP It )NP )NP (VP is (ADVP still )ADVP (ADJP common )ADJP (S (VP to (VP read (PP in (NP the press )NP )PP (SBAR that (S (NP the church )NP (VP has (NP (NP (QP 10,000 or more )QP *UNK- American members )NP and (NP 25,000 `` associates )NP )NP )VP )S )SBAR )VP )VP )S )VP . '' )S  STOP
(S (NP Some estimates )NP (VP have (VP gone (ADVP (ADVP as high )ADVP (PP as (NP *UNKN members )NP )PP )ADVP )VP )VP . )S  STOP
(S But (NP internal church documents )NP (VP (ADVP clearly )ADVP show (SBAR that (S (PP at (NP its *UNKING *UNK )NP )PP , (PP as (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP organized (NP a *UNK *UNKC *UNKC *UNK rally )NP (PP in (NP 1976 )NP )PP )VP )S )SBAR )PP , (NP there )NP (ADVP actually )ADVP (VP were (NP (QP only about 2,000 )QP *UNK- *UNKC Church members )NP (PP in (NP the U.S. )NP )PP )VP )S )SBAR )VP )S  STOP
(S (NP (NP (NP (NP Mr. Moon 's )NP support )NP (PP for (NP a *UNKED Richard Nixon )NP )PP )NP , (NP the *UNKC scandal )NP , and (NP (NP his prison sentence )NP (PP for (NP *UNK- *UNK )NP )PP )NP )NP (VP did not (VP help (NP (NP the church 's )NP *UNK efforts )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP *UNK )NP , and (NP *UNK `` *UNK '' )NP )NP (VP kept (S (NP member turnover )NP (ADJP high )ADJP )S )VP . )S  STOP
(S (SBAR That (S (NP the membership number )NP (VP has (ADVP even )ADVP (VP kept (ADVP close (PP to (NP its 1976 size )NP )PP )ADVP )VP )VP )S )SBAR (VP is (NP (NP the result )NP (PP of (NP (NP the `` *UNKING '' )NP (PP of (NP the church )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Many )NP (PP of (NP (NP the *UNK young `` *UNKC '' )NP (PP of (NP the Nixon era )NP )PP )NP )PP (SBAR (WHNP who )WHNP (S (VP remained (ADJP *UNK (PP to (NP *UNKC Moon )NP )PP )ADJP )VP )S )SBAR )NP (VP are (ADVP now )ADVP (NP (NP parents )NP , (VP producing (NP new members )NP (PP by (NP (NP *UNK )NP (CONJP rather than )CONJP (NP conversion )NP )NP )PP )VP )NP )VP . )S  STOP
(S (NP (NP The *UNKED wealth )NP (PP of (NP the *UNKC Church )NP )PP )NP (VP is (NP (NP another matter )NP (PP of (NP *UNK )NP )PP )NP )VP . )S  STOP
(S (PP For (NP a while )NP )PP (PP in (NP the 1970s )NP )PP (NP it )NP (VP seemed (SBAR (S (NP Mr. Moon )NP (VP was (PP on (NP a spending *UNK )NP )PP , (PP with (NP (NP such purchases )NP (PP as (NP (NP (NP the former New *UNKC Hotel )NP and (NP its *UNK Manhattan Center )NP )NP ; (NP (NP a *UNKING conglomerate )NP (PP with (NP (NP branches )NP (PP in (NP Alaska , Massachusetts , Virginia and *UNKC )NP )PP )NP )PP )NP ; (NP (NP (NP a former Christian Brothers *UNK )NP and (NP the Seagram family *UNK )NP )NP (PRN -LRB- (S (NP both )NP (ADJP *UNKLY *UNKED (PP on (NP the Hudson River )NP )PP )ADJP )S -RRB- )PRN )NP ; (NP (NP shares )NP (PP in (NP (NP banks )NP (PP (PP from (NP Washington )NP )PP (PP to (NP *UNKC )NP )PP )PP )NP )PP )NP ; (NP a motion picture production company )NP , and (NP (NP newspapers )NP , (PP such as (NP (NP the Washington Times )NP , (NP (NP the New York City *UNKC )NP (PRN -LRB- (ADVP originally )ADVP (NP the News World )NP -RRB- )PRN )NP , and (NP the successful *UNKC *UNKC *UNK *UNKC )NP )NP )PP )NP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Yet )ADVP (NP these purchases )NP (VP can (VP be (ADJP misleading )ADJP )VP )VP . )S  STOP
(S (NP Most )NP (VP were (VP obtained (PP with (NP (NP (NP huge *UNK )NP (PP of (NP church money )NP )PP (PP from (NP (NP South Korea )NP and (NP Japan )NP )NP )PP )NP , (NP minimum cash *UNK )NP and (NP sizable mortgages )NP )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP Those teams )NP (PP of (NP (NP young *UNK- )NP (VP (VP selling (NP (NP *UNK )NP , (NP *UNK )NP )NP )VP or (VP *UNKING (ADVP *UNK )ADVP (PP at (NP traffic *UNK )NP )PP )VP )VP )NP )PP )NP (VP brought (PP in (NP (NP (QP somewhere near $ 20 million )QP )NP (NP a year )NP )NP )PP (PP during (NP the *UNK- 1970s )NP )PP )VP )S , but (S (NP those revenues )NP (VP were (NP a *UNK )NP (PP compared (PP to (NP (NP the costs )NP (PP of (NP (NP (NP Mr. Moon 's )NP *UNK international *UNK )NP , (NP *UNKING *UNK )NP , and (NP *UNKED land buys )NP )NP )PP )NP )PP )PP )VP )S . )S  STOP
(S (NP (NP Only his factories )NP (PP in (NP Japan and Korea )NP )PP )NP , (S (VP (VP *UNKING (NP his *UNK )NP (PP at (NP *UNK wages )NP )PP )VP and (VP producing (NP (NP everything )NP (PP (PP from (NP *UNK )NP )PP (PP to (NP *UNK )NP )PP (PP to (NP expensive *UNK *UNK )NP )PP )PP )NP )VP )VP )S , (VP kept (S (NP the money )NP (VP *UNKING (ADVP *UNK )ADVP )VP )S )VP . )S  STOP
(S (NP (NP Virginia Commonwealth University *UNK David *UNKC )NP , (SBAR (WHNP who )WHNP (S (ADVP more (PP than (NP any other researcher )NP )PP )ADVP (VP has (VP *UNKED (PP into (NP (NP the complex world )NP (PP of (NP *UNKC finances )NP )PP )NP )PP )VP )VP )S )SBAR , )NP (VP has (VP concluded (SBAR that (S (NP (NP profitable operations )NP (PP in (NP the U.S. )NP )PP )NP (VP have (VP been (NP (NP the *UNK )NP (CONJP rather than )CONJP (NP the rule )NP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP *UNKC )ADVP , (NP (NP journalists John *UNKC and Michael *UNKC )NP (PP of (NP the Washington *UNKC )NP )PP )NP (VP have (VP estimated (SBAR that (S (NP (QP at least $ 800 million )QP )NP (VP was (VP transferred (PP from (NP Japan )NP )PP (PP to (NP the U.S. )NP )PP (S (VP to (VP deal (PP with (NP (NP (NP the church 's )NP annual operating losses )NP (PP in (NP this country )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Mr. Moon 's )NP two *UNKC U.S. newspapers )NP (VP *UNK (NP (NP the *UNK )NP (PP of (NP this financial *UNK )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP *UNKC costs )NP (PP for (NP the Washington Times )NP )PP (ADVP alone )ADVP )NP (VP were (ADJP close (PP to (NP (QP $ 50 million )QP )NP )PP )ADJP )VP )S , and (S (NP (NP the total amount )NP (VP lost (PP in (NP this *UNK black *UNK )NP )PP )VP )NP (VP was (VP estimated (PP at (NP (NP (QP $ 150 million )QP )NP (PP by (NP 1984 )NP )PP )NP )PP )VP )VP )S . )S  STOP
(S (PP Since (NP then )NP )PP , (NP (NP Moon 's )NP organization )NP (VP has (VP *UNKED (NP (NP (NP a *UNK )NP (PP of (NP high-quality *UNK opinion magazines )NP )PP )NP , (NP (NP (NP The World )NP and (NP I )NP )NP and (NP *UNKC )NP )NP , (SBAR (WHNP which )WHNP (S (VP are (NP a further drain )NP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP say (SBAR that (S (NP not even their *UNK )NP (VP know (PP for (ADJP sure )ADJP )PP (SBAR (WHNP how much )WHNP (S (NP these *UNK- publications )NP , (ADVP along (PP with (NP the newspapers )NP )PP )ADVP , (VP have (VP cost (NP Mr. Moon )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Many American *UNKED businesses )NP , (PP such as (NP (NP a (ADJP (QP $ 30 million )QP )ADJP factory )NP (SBAR (S (VP to (VP build (NP fishing *UNK )NP )VP )VP )S )SBAR )NP )PP , )NP (VP are (ADJP *UNK )ADJP )VP . )S  STOP
(S (NP (NP Some components )NP (PP of (NP the American church )NP )PP )NP (VP had (S (NP their budgets )NP (VP cut (PP in (NP half )NP )PP )VP )S (NP (NP last year )NP and (ADVP again )ADVP (NP this year )NP )NP )VP . )S  STOP
(S (NP (NP The (ADJP relatively small )ADJP academic *UNK )NP (SBAR (WHNP that )WHNP (S (VP have (VP attracted (NP (NP conservative *UNK )NP -- and (NP press scrutiny )NP -- )NP (PP in (NP recent years )NP )PP )VP )VP )S )SBAR )NP (VP are (ADJP (ADJP (ADVP much more )ADVP (ADJP *UNKLY targeted )ADJP and (ADJP *UNK )ADJP )ADJP (PP than (NP (NP the *UNK- *UNK- )NP (PP in (NP (NP fancy *UNK )NP and (NP *UNK *UNK )NP )NP )PP (PP of (NP (NP years )NP (ADJP past )ADJP )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (NP I )NP (VP attended (NP (NP several )NP (PP of (NP these )NP )PP )NP (PP in (NP (NP the dual role )NP (PP as (NP (NP (NP a *UNK )NP (PP of (NP research findings )NP )PP )NP (CONJP as well as )CONJP (NP (NP an *UNK )NP (PP of (NP my *UNK )NP )PP )NP )NP )PP )NP )PP )VP . )S  STOP
(S -LRB- (NP (NP Mr. Moon 's )NP *UNKC House )NP (ADVP eventually )ADVP (ADVP even )ADVP (VP published (NP (NP three )NP (PP of (NP (NP my *UNKED books )NP (PP on (NP *UNK and politics )NP )PP )NP )PP )NP )VP . -RRB- )S  STOP
(S (PP According (PP to (NP (NP veteran *UNK )NP (PP of (NP *UNKC affairs )NP )PP , (PP such as (NP (NP Dr. J. *UNKC *UNKC )NP , (NP (NP director )NP (PP of (NP (NP the Institute )NP (PP for (NP (NP the *UNKC )NP (PP of (NP American *UNKC )NP )PP )NP )PP )NP )PP )NP )NP )PP )NP )PP )PP , (NP almost all operations )NP (VP are (VP being (VP (ADVP *UNKLY )ADVP reduced (SBAR as (S (NP Mr. Moon )NP (ADVP now )ADVP (VP *UNK (PP (ADVP more )ADVP on (S (VP developing (NP (NP his empire )NP (PP in (NP the Far East )NP )PP )NP )VP )S )PP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S `` (NP *UNKING )NP (PRN , '' (S (NP (NP one (ADJP *UNK- *UNKC '' )ADJP senior consultant )NP (PP to (NP the *UNKC Church )NP )PP )NP (ADVP recently )ADVP (VP told (NP me )NP (PP in (NP an interview )NP )PP )VP )S , `` )PRN (VP is (VP going (ADVP back (PP to (NP Korea and Japan )NP )PP )ADVP )VP )VP . '' )S  STOP
(S -LRB- (NP Europe )NP (VP had (VP proved (ADJP (ADVP even less *UNK )ADVP (PP than (NP North America )NP )PP )ADJP )VP )VP . )S  STOP
(S (NP European politicians )NP (VP were (ADJP less reluctant (S (VP to (VP have (S (NP their governments )NP (VP *UNK and *UNK (NP new *UNK )NP )VP )S )VP )VP )S )ADJP )VP . -RRB- )S  STOP
(S (ADVP So )ADVP (NP Mr. Moon )NP (VP is (PP in (NP *UNK )NP )PP , (S (VP *UNKING (PP on (NP the Far East )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP South Korea )NP and (NP Japan )NP )NP (VP continue (S (VP to (VP be (ADJP profitable )ADJP )VP )VP )S )VP . )S  STOP
(S (NP (NP Moon 's )NP *UNKC industry conglomerate )NP (VP is (ADVP now )ADVP (VP investing (ADVP heavily )ADVP (PP in (NP (NP China )NP , (SBAR (WHADVP where )WHADVP (S (NP church *UNK )NP (VP have (NP (NP high hopes )NP (PP of (S (VP (VP expanding )VP and (VP attracting (NP *UNK )NP )VP (PP (ADVP even )ADVP in (NP (NP the wake )NP (PP of (NP (NP the *UNK *UNK )NP (PP in (NP *UNKC Square )NP )PP )NP )PP )NP )PP )VP )S )PP )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC Motors )NP (VP is (NP one such investment )NP )VP . )S  STOP
(S (PP According (PP to (NP (NP senior consultants )NP (PP to (NP the church )NP )PP )NP )PP )PP , (NP Mr. Moon )NP (VP has (ADVP successfully )ADVP (VP negotiated (NP (NP a joint venture )NP (PP with (NP the Chinese government )NP )PP (SBAR (S (VP to (VP build (NP an *UNK- plant )NP (PP in (NP (NP *UNKC *UNKC )NP , (NP (NP an area )NP (PP of (NP China )NP )PP (PP with (NP a substantial Korean minority )NP )PP )NP )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP Mr. Moon )NP (VP has (VP agreed (S (VP to (VP (VP put (PRT up )PRT (NP (NP (QP $ 10 million )QP )NP (NP a year )NP )NP (PP for (NP 25 years )NP )PP )VP and (VP keep (NP the profits )NP (PP in (NP China )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S (PP In (NP return )NP )PP , (NP he )NP (VP has (NP (NP the government 's )NP *UNKING (S (VP to (VP (VP build (NP *UNK )NP )VP and (VP spread (NP *UNKC )NP )VP (PP in (NP that country )NP )PP )VP )VP )S )NP )VP . )S  STOP
(S (NP (NP Whatever (NX (NX *UNK )NX and (NX (NX ties )NX (PP to (NP (NP *UNK )NP and (NP *UNK- )NP )NP )PP )NX )NX )NP (SBAR (S (NP the publications and *UNK )NP (VP bring )VP )S )SBAR )NP (ADVP really )ADVP (VP are (NP (NP *UNK )NP -- (NP not (NP (NP the *UNKC Moon 's )NP original final goals )NP , but (NP (NP the ones )NP (SBAR (WHPP for (WHNP which )WHNP )WHPP (S (NP he )NP (VP will (VP have (S (VP to (VP settle )VP )VP )S )VP )VP )S )SBAR )NP )NP )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (NP (NP *UNK- )NP (PRN -LRB- (PP with (NP David G. *UNKC )NP )PP -RRB- )PRN (PP of (NP `` (NP (NP ` (NP *UNKC )NP ' (PP in (NP America )NP )PP )NP : (NP *UNKC , Church , and *UNKC )NP )NP '' and `` (NP (NP *UNKC *UNKC )NP : (NP The Great American *UNKC *UNKC )NP )NP )NP )PP )NP )VP . )S  STOP
(S (NP The Manville *UNKC *UNKC *UNKC Trust )NP (VP said (SBAR (S (NP it )NP (VP is (VP considering (NP (NP several ways )NP (SBAR (S (VP to (VP ease (NP a liquidity crunch )NP )VP )VP )S )SBAR (SBAR (WHNP that )WHNP (S (VP could (VP include (NP (NP the sale )NP (PP of (NP Manville Corp. )NP )PP (PP to (NP a third party )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP a filing )NP (PP with (NP the Securities and Exchange Commission )NP )PP )NP )PP , (NP (NP the majority holder )NP (PP of (NP Manville )NP )PP )NP (VP acknowledged (SBAR (SBAR that (S (NP (NP the cash portion )NP (PP of (NP (NP its initial funding )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )NP (VP will (VP be (VP *UNKED (NP next year )NP )VP )VP )VP )S )SBAR , and (SBAR that (S (NP (NP alternative sources )NP (PP of (NP funds )NP )PP )NP (VP will (VP be (ADJP necessary )ADJP (S (VP to (VP meet (NP its obligations )NP )VP )VP )S )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (S (NP (NP The trust )NP , (SBAR (WHNP which )WHNP (S (VP was (VP created (PP as (NP (NP part )NP (PP of (NP (NP Manville 's )NP bankruptcy-law reorganization )NP )PP )NP )PP (S (VP to (VP *UNK (NP (NP victims )NP (PP of (NP *UNKED *UNK )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR , )NP (ADVP ultimately )ADVP (VP expects (S (VP to (VP receive (NP (QP $ 2.5 billion )QP )NP (PP from (NP Manville )NP )PP )VP )VP )S )VP )S , but (S (NP (NP its cash flow )NP (PP from (NP investments )NP )PP )NP (VP has (ADVP so far )ADVP (VP lagged (PP behind (NP (NP its payments )NP (PP to (NP victims )NP )PP )NP )PP )VP )VP )S . )S  STOP
(S (NP (NP *UNKC )NP (PP for (NP both (NP the trust )NP and (NP the company )NP )NP )PP )NP (VP refused (S (VP to (VP comment (PP on (SBAR whether (S (NP (NP any talks )NP (PP with (NP (NP a possible *UNK )NP (PP of (NP Manville )NP )PP )NP )PP )NP (VP had (ADVP actually )ADVP (VP taken (NP place )NP )VP )VP )S )SBAR )PP )VP )VP )S )VP . )S  STOP
(S (S (NP The trust )NP (VP is (VP considering (NP (NP a sale )NP (PP of (NP its Manville holdings )NP )PP )NP )VP )VP )S , but (S (NP Manville )NP (VP has (NP (NP the right )NP (PP of (NP first *UNK )NP )PP (PP on (NP (NP any sales )NP (PP of (NP (NP its stock )NP (VP held (PP by (NP the trust )NP )PP )VP )NP )PP )NP )PP )NP )VP )S . )S  STOP
(S (NP (NP Manville )NP , (NP a forest and building products concern )NP , )NP (VP has (VP offered (S (VP to (VP pay (NP the trust )NP (NP (QP $ 500 million )QP )NP (PP for (NP (NP a majority )NP (PP of (NP (NP Manville 's )NP convertible preferred stock )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP (NP Manville )NP and (NP the trust )NP )NP (VP are (VP discussing (NP the offer )NP )VP )VP )S , but (S (NP no decision )NP (VP has (VP been (VP made )VP )VP )VP )S . )S  STOP
(S (NP The filing )NP (ADVP also )ADVP (VP said (SBAR (S (NP the trust )NP (VP is (VP considering (NP (NP (NP a sale )NP (PP of (NP Manville securities )NP )PP (PP in (NP the open market )NP )PP )NP ; (NP (NP an extraordinary dividend )NP (PP on (NP the common stock )NP )PP )NP ; or (NP (NP a recapitalization )NP (PP of (NP Manville )NP )PP )NP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP The Soviet Union 's )NP *UNK rate )NP (VP is (VP soaring (PP to (NP 27 % )NP )PP (PP in (NP some areas )NP )PP )VP )VP )S , (NP *UNKC )NP (VP said )VP . )S  STOP
(S (NP It )NP (VP said (SBAR (S (NP the situation )NP (VP is (VP caused (PP by (NP efforts (S (VP to (VP *UNK (NP *UNKED factory *UNK )NP )VP )VP )S )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP *UNKC )NP (VP has (VP (VP reached (NP *UNKN % )NP (PP in (NP *UNKC )NP )PP )VP , (VP (NP *UNKN % )NP (PP in (NP *UNKC )NP )PP )VP , (VP (NP *UNKN % )NP (PP in (NP *UNKC )NP )PP )VP , (VP (NP *UNKN % )NP (PP in (NP *UNKC )NP )PP )VP , (VP (NP 18 % )NP (PP in (NP *UNKC )NP )PP )VP and (VP (NP *UNKN % )NP (PP in (NP *UNKC )NP )PP )VP )VP )VP )S , (NP the Communist Party newspaper )NP (VP said )VP . )S  STOP
(S (S (NP All )NP (VP are (NP (NP *UNK- *UNK )NP (PP along (NP (NP the southern border )NP (PP of (NP the Soviet Union )NP )PP )NP )PP )NP )VP )S , and (S (NP (NP all )NP (PP but (NP *UNKC )NP )PP )NP (VP have (VP reported (NP *UNKING )NP (PP in (NP the past six months )NP )PP )VP )VP )S . )S  STOP
(S (NP The newspaper )NP (VP said (SBAR (S (NP it )NP (VP is (PP past (NP (NP time )NP (SBAR for (S (NP the Soviet Union )NP (VP to (VP create (NP (NP unemployment insurance )NP and (NP (NP *UNKING programs )NP (PP like (NP (NP those )NP (PP of (NP the West )NP )PP )NP )PP )NP )NP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP (VP gave (NP (NP no estimate )NP (PP for (NP overall unemployment )NP )PP )NP )VP but (VP said (SBAR (S (NP (NP an `` Association )NP (PP of (NP the *UNKED )NP )PP '' )NP (VP has (VP *UNKED (PRT up )PRT (SBAR (WHNP that )WHNP (S (VP says (SBAR (S (NP (NP the number )NP (PP of (NP *UNK )NP )PP )NP (VP is (NP (NP (QP 23 million )QP Soviets )NP , or (NP (NP 17 % )NP (PP of (NP the work force )NP )PP )NP )NP )VP )S )SBAR )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP An *UNK- dispute )NP (PP involving (NP (NP Australia 's )NP *UNKN domestic pilots )NP )PP )NP (VP has (VP (VP slashed (NP airline earnings )NP )VP and (VP *UNKED (NP (NP much )NP (PP of (NP (NP the *UNK 's )NP tourist industry )NP )PP )NP )VP )VP )VP . )S  STOP
(SINV `` (S (NP (NP The only people )NP (SBAR (WHNP who )WHNP (S (VP are (VP flying )VP )VP )S )SBAR )NP (VP are (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP have (S (VP to )VP )S )VP )S )SBAR )NP )VP )S , '' (VP said )VP (NP (NP Frank *UNKC )NP , (NP (NP chairman )NP (PP of (NP the Australian *UNKC Industry Association )NP )PP )NP )NP . )SINV  STOP
(S (NP He )NP (VP added : `` (SBARQ (WHADVP How )WHADVP (SQ is (NP a travel agent )NP (VP going (S (VP to (VP sell (NP a holiday )NP (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP can not (VP guarantee (NP a return flight )NP )VP )VP )S )SBAR )VP )VP )S )VP )SQ )SBARQ )VP ? '' )S  STOP
(S (NP (NP *UNKC giant *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP owns (NP (NP half )NP (PP of (NP (NP one )NP (PP of (NP (NP the country 's )NP two major domestic carriers )NP )PP )NP )PP )NP )VP )S )SBAR , )NP (VP said (SBAR (S (NP (NP the cost )NP (PP of (NP the dispute )NP )PP )NP (VP had (VP been (ADJP heavy )ADJP , (S (VP cutting (NP (NP *UNKC 's )NP profits )NP (NP 70 % )NP (PP to (NP (QP $ 12 million )QP )NP )PP (PP in (NP (NP the three months )NP (PP to (NP Sept. 30 )NP )PP )NP )PP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC financier *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP was (VP arrested (PP on (NP Monday )NP )PP (PP after (NP (NP 102 days )NP (PP in (NP *UNKING )NP )PP )NP )PP )VP )VP )S )SBAR , )NP (VP is (ADJP likely (S (VP to (VP be (VP *UNKED (NP next week )NP (PP by (NP the *UNKC *UNK )NP )PP )VP )VP )VP )S )ADJP )VP . )S  STOP
(S (S (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP (ADVP *UNKLY )ADVP *UNKED (NP (NP a *UNK- *UNK )NP (PP of (NP (NP Brazil 's )NP stock markets )NP )PP )NP (PP in (NP June )NP )PP (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP failed (S (VP to (VP honor (NP (NP a debt )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP (VP owed (PP to (NP his brokers )NP )PP )VP )NP )VP )VP )S )VP )S )SBAR )VP )S )SBAR , )NP (NP yesterday )NP (VP blamed (NP his *UNK )NP (PP on (NP (NP the president )NP (PP of (NP the *UNKC *UNKC stock exchange )NP )PP )NP )PP )VP )S ; (S (PP (NP a few days )NP before (NP (NP Mr. *UNKC 's )NP failure )NP )PP , (NP the exchange )NP (VP raised (NP (NP the required margin )NP (PP on (NP *UNK- transactions )NP )PP )NP )VP )S . )S  STOP
(S (NP (NP China 's )NP *UNK )NP (VP ousted (NP two Hong Kong residents )NP (PP from (NP (NP a panel )NP (VP *UNKING (NP (NP a new *UNK )NP (PP for (NP the colony )NP )PP )NP )VP )NP )PP )VP . )S  STOP
(S (NP (NP The two )NP , (NP (NP *UNKC *UNKC )NP and (NP Martin Lee )NP )NP , )NP (VP were (VP *UNKED (S (ADJP *UNK )ADJP )S (SBAR because (S (NP they )NP (VP had (VP *UNKED (NP (NP (NP China 's )NP *UNK )NP (PP on (NP its *UNK- movement )NP )PP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP The committee )NP (VP is (VP *UNKING (NP (NP Hong Kong 's )NP *UNK )NP (PP for (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP *UNK (PP to (NP Chinese control )NP )PP (PP in (NP 1997 )NP )PP )VP )S )SBAR )PP )VP )VP )S , and (S (NP Chinese lawmakers )NP (VP said (SBAR (S (NP the two )NP (VP can (ADVP only )ADVP (VP return (SBAR if (S (NP they )NP `` (VP abandon (NP (NP (NP their *UNK stand )NP (PP against (NP the Chinese government )NP )PP )NP and (NP their attempt (S (VP to (VP *UNK (NP (NP the *UNKC joint *UNK )NP (PP on (NP Hong Kong )NP )PP )NP )VP )VP )S )NP )NP )VP )S )SBAR )VP )VP )S )SBAR )VP )S . '' )S  STOP
(NP (NP *UNKC *UNKC )NP (PP *UNKC (NP *UNKC )NP )PP ? )NP  STOP
(S (NP Israeli officials )NP (VP confirmed (SBAR that (S (NP (NP Energy Minister *UNKC *UNKC )NP and (NP (NP his Canadian *UNK )NP , (NP *UNKC *UNKC )NP , )NP )NP (VP discussed (NP (NP a possible Israeli purchase )NP (PP of (NP a (ADJP (QP $ 1.1 billion )QP )ADJP Canadian nuclear *UNK )NP )PP (PP for (S (VP producing (NP electricity )NP )VP )S )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP However )ADVP , (NP (NP a Canadian *UNKC official )NP (PP in (NP *UNKC *UNKC )NP )PP )NP (VP said (SBAR that (S (NP Canada )NP (VP was (ADJP unlikely (S (VP to (VP sell (NP the *UNKC *UNK- *UNK )NP (PP to (NP Israel )NP )PP )VP )VP )S )ADJP (SBAR since (S (NP Israel )NP (VP has n't (VP signed (NP the *UNKC *UNKC *UNKC )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Israel )NP (VP has (VP been (VP accused (PP in (NP the past )NP )PP (PP of (S (VP using (NP *UNK )NP (S (VP to (VP seek (NP (NP elements )NP (VP needed (S (VP to (VP develop (NP nuclear weapons )NP )VP )VP )S )VP )NP )VP )VP )S )VP )S )PP )VP )VP )VP . )S  STOP
(S (NP The (ADJP South Korean )ADJP government )NP (VP is (VP signing (NP a *UNK )NP (NP today )NP (S (VP *UNKING (NP formal *UNK relations )NP (PP with (NP Poland )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP The two )NP (VP are (ADVP also )ADVP (VP signing (NP a trade agreement )NP )VP )VP . )S  STOP
(S (NP South Korean government officials )NP (VP said (SBAR (S (NP they )NP (VP do n't (VP expect (SBAR that (S (S (NP Seoul )NP (VP can (VP loan (NP money )NP (PP to (NP Warsaw )NP )PP )VP )VP )S , but (S (NP it )NP (VP can `` (VP offer (NP experience )NP )VP )VP )S )S )SBAR )VP )VP )S )SBAR )VP . '' )S  STOP
(S (S (NP Poland )NP (VP is (NP (NP the second Communist nation )NP (SBAR (S (VP to (VP recognize (NP the Seoul government )NP )VP )VP )S )SBAR )NP )VP )S ; (S (NP South Korea )NP (VP established (NP *UNK relations )NP (PP with (NP Hungary )NP )PP (PP in (NP February 1989 )NP )PP )VP )S . )S  STOP
(S (NP *UNKC )NP (VP will (VP hold (NP a *UNK- auction )NP (NP Friday )NP , (PP with (S (NP 32 potential bidders )NP (VP participating )VP )S )PP )VP )VP . )S  STOP
(S (NP Earlier this year )NP , (NP *UNKC )NP (VP (VP announced (SBAR (S (NP it )NP (VP was (VP opening (PRT up )PRT (NP *UNK- *UNK )NP (PP to (NP foreign investors )NP )PP )VP )VP )S )SBAR )VP but (VP said (SBAR (S (NP the program )NP (VP would (VP be (ADJP limited (PP to (NP (NP a net *UNK )NP (PP of (NP (NP (QP $ 600 million )QP )NP (NP a year )NP )NP )PP )NP )PP )ADJP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Friday 's )NP auction )NP (VP will (VP be (ADJP limited (PP to (NP (NP (QP $ 150 million )QP )NP (VP *UNKED (PP by (NP the Central Bank )NP )PP (PP to (NP potential investors )NP )PP )VP )NP )PP )ADJP )VP )VP . )S  STOP
(SINV (S (NP (NP The office )NP (PP of (NP foreign investment )NP )PP )NP (VP has (VP authorized (NP (NP (ADJP (QP some $ *UNKN billion )QP )ADJP worth )NP (PP of (NP investment proposals )NP )PP )NP )VP )VP )S , (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP *UNK )NP (PP of (NP foreign investment )NP )PP )NP )NP . )SINV  STOP
(S (S (NP (NP Most )NP (PP of (NP the proposals )NP )PP )NP (VP are (PP in (NP (NP tourism )NP , (NP basic industry )NP and (NP *UNK and *UNK- projects )NP )NP )PP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (PP Under (NP the *UNK- program )NP )PP , (S (NP potential investors )NP (VP will (VP submit (NP (NP *UNKED bids )NP (PP on (NP (NP the percentage )NP (PP of (NP discount )NP )PP (SBAR (S (NP they )NP (VP are (ADJP willing (S (VP to (VP purchase (NP the debt )NP (PP at )PP )VP )VP )S )ADJP )VP )S )SBAR )NP )PP )NP )VP )VP )S , and (S (NP the bids )NP (VP will (VP be (VP *UNKED (PP based (PP on (NP these discount offers )NP )PP )PP )VP )VP )VP )S . )S  STOP
(S (NP The *UNKC central bank )NP (VP set (NP (NP a (ADJP 30 % )ADJP floor )NP (PP on (NP the bidding )NP )PP )NP )VP . )S  STOP
(S (NP (NP A *UNK )NP (PP by (NP American *UNK *UNKC *UNKC )NP )PP (VP *UNKING (NP *UNKED black leader Nelson *UNKC )NP )VP )NP (VP was (VP banned (PP from (NP (ADJP South African )ADJP state radio and television )NP )PP )VP )VP . )S  STOP
(S (NP The South African Broadcasting Corp. )NP (VP said (SBAR (S (NP (NP the song )NP `` (NP *UNKC Now )NP '' )NP (VP was `` (ADJP *UNK (PP for (NP broadcasting )NP )PP )ADJP )VP )S )SBAR )VP . '' ... )S  STOP
(S (NP (NP (NP Britain 's )NP House )NP (PP of (NP *UNKC )NP )PP )NP (VP passed (NP (NP a law )NP (SBAR (WHNP that )WHNP (S (VP will (VP force (S (NP English *UNK fans )NP (VP to (VP carry (NP *UNK cards )NP (S (VP to (VP enter (NP *UNK )NP )VP )VP )S )VP )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP The `` *UNK- '' law )NP , (SBAR (WHNP which )WHNP (S (VP would (VP *UNK (NP *UNK )NP (PP of (NP cards )NP )PP )VP )VP )S )SBAR , )NP (VP (VP must (VP be (VP *UNKED (PP by (NP (NP the House )NP (PP of (NP *UNKC )NP )PP )NP )PP )VP )VP )VP and (VP is (VP expected (S (VP to (VP become (ADJP effective )ADJP (NP early next year )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP A federal judge )NP (VP ruled (SBAR (SBAR that (S (NP *UNKC Marcos )NP (VP was n't (VP brought (PP to (NP the U.S. )NP )PP (PP against (NP her will )NP )PP )VP )VP )S )SBAR and (SBAR that (S (NP (NP *UNK *UNK )NP , (SBAR (WHNP which )WHNP (S (VP protect (NP *UNK )NP (PP from (S (VP *UNKING (NP each other )NP )VP )S )PP )VP )S )SBAR , )NP (VP do n't (VP apply (PP in (NP her case )NP )PP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (PP As (NP a result )NP )PP , (NP (NP Judge John F. *UNKC )NP (PP of (NP New York )NP )PP )NP (VP ordered (NP Mrs. Marcos )NP (S (VP to (VP turn (PRT over )PRT (PP to (NP the court )NP )PP (NP (NP all *UNK and documents )NP (SBAR (S (NP she )NP (VP may (VP have (VP filed (PP in (NP foreign countries )NP )PP (PP in (NP (NP opposition )NP (PP to (NP (NP U.S. requests )NP (PP for (NP evidence )NP )PP )NP )PP )NP )PP )VP )VP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (NP Mrs. Marcos )NP (VP had (VP claimed (SBAR that (S (NP she )NP (VP did n't (VP have (S (VP to (VP turn (PRT over )PRT (NP the documents )NP )VP )VP )S (SBAR (SBAR because (S (NP she )NP (VP was (VP brought (ADVP here )ADVP (ADVP *UNKLY )ADVP )VP )VP )S )SBAR and (SBAR because (S (S (VP providing (NP the materials )NP )VP )S (VP would (VP *UNK (NP her *UNK *UNK )NP )VP )VP )S )SBAR )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP 1988 )NP )PP , (SBAR (NP (NP a year )NP and (NP a half )NP )NP after (S (NP (NP Mrs. Marcos )NP and (NP (NP her late husband )NP , (NP *UNKC Marcos )NP , (NP (NP the ousted president )NP (PP of (NP the Philippines )NP )PP )NP , )NP )NP (VP fled (NP the Philippines )NP (PP for (NP Hawaii )NP )PP )VP )S )SBAR , (NP they )NP (VP were (VP charged (PP with (NP (NP (NP racketeering )NP , (NP conspiracy )NP , (NP (NP *UNK )NP (PP of (NP *UNK )NP )PP )NP and (NP mail fraud )NP )NP (PP in (NP (NP a scheme )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP they )NP (ADVP allegedly )ADVP (VP *UNKED (NP (QP more than $ 100 million )QP )NP (PP from (NP their *UNK )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP Much )NP (PP of (NP the money )NP )PP )NP (VP was (VP (ADVP *UNKLY )ADVP *UNKED (PP through (NP (NP purchases )NP (PP of (NP prime Manhattan real estate )NP )PP )NP )PP )VP )VP )S , (NP federal prosecutors )NP (VP have (VP charged )VP )VP . )S  STOP
(S (NP (NP Mrs. Marcos 's )NP trial )NP (VP is (VP expected (S (VP to (VP begin (PP in (NP March )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP U.S. law )NP (VP requires (S (NP criminal defendants )NP (VP to (VP turn (PRT over )PRT (NP (NP foreign documents )NP (PP such as (NP (NP those )NP (VP sought (PP in (NP the Marcos case )NP )PP )VP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (S (NP The law )NP (VP is (VP meant (S (VP to (VP overcome (NP (NP delays )NP (VP caused (PP by (NP (NP (NP defendants ' )NP use )NP (PP of (NP foreign procedures )NP )PP (S (VP to (VP block (NP (NP U.S. requests )NP (PP for (NP records )NP )PP )NP )VP )VP )S )NP )PP )VP )NP )VP )VP )S )VP )VP )S , (NP Judge *UNKC )NP (VP said (PP in (NP his opinion )NP )PP )VP . )S  STOP
(S (PP For (NP instance )NP )PP , (NP the documents )NP (VP could (VP involve (NP foreign business dealings or bank accounts )NP )VP )VP . )S  STOP
(S (NP The U.S. )NP (VP has (VP charged (SBAR that (S (NP (NP the *UNKC ' )NP alleged crimes )NP (VP involved (NP (NP bank accounts )NP (PP in (NP (NP the Philippines )NP , (NP Hong Kong )NP , (NP the U.S. )NP and (NP other countries )NP )NP )PP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP On (NP (NP the *UNK )NP (PP of (NP *UNKING )NP )PP )NP )PP , (NP Judge *UNKC )NP (VP wrote , `` (S (NP The *UNK (SBAR that (S (NP Mrs. Marcos )NP (VP was (VP brought (PP to (NP this country )NP )PP (PP against (NP her will )NP )PP )VP )VP )S )SBAR )NP (VP is (ADJP *UNKED (PP by (NP affidavit or *UNK )NP )PP )ADJP )VP )S )VP . '' )S  STOP
(S (NP The judge )NP (ADVP also )ADVP (VP said (SBAR (S (NP (NP the two *UNK *UNK *UNK )NP (VP cited (PP by (NP Mrs. Marcos )NP )PP )VP )NP (VP do n't (VP apply )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The first one )NP (VP permits (NP a witness )NP (S (VP to (VP refuse (S (VP to (VP *UNK (PP against (NP her *UNK )NP )PP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S But (NP Judge *UNKC )NP (VP said (SBAR (S (NP (NP that *UNK 's )NP purpose )NP (VP is `` (VP *UNKING (NP (NP *UNK )NP (PP in (NP *UNK )NP )PP )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (S (SBAR Because (S (NP Mr. Marcos )NP (VP died (NP Sept. 28 )NP )VP )S )SBAR , (NP the privilege )NP (VP can (ADVP no longer )ADVP (VP apply )VP )VP )S , (NP the judge )NP (VP said )VP . )S  STOP
(S (NP (NP The second *UNK privilege )NP (VP cited (PP by (NP Mrs. Marcos )NP )PP )VP )NP (VP *UNK (NP (NP *UNK communications )NP (PP between (NP *UNK )NP )PP )NP )VP . )S  STOP
(S But (NP Judge Keenan )NP (VP said (SBAR (S (NP that privilege )NP (VP is (VP meant (S (VP to (VP protect (NP (NP private *UNK )NP (PRN -- not (NP (NP litigation papers )NP (VP filed (PP with (NP foreign governments )NP )PP )VP )NP , (SBAR as (S (NP (NP Mrs. Marcos 's )NP attorneys )NP (VP maintained )VP )S )SBAR )PRN )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Though (S (NP Judge Keenan )NP (VP threw (PRT out )PRT (NP (NP most )NP (PP of (NP (NP Mrs. Marcos 's )NP *UNK )NP )PP )NP )VP )S )SBAR , (NP he )NP (VP agreed (PP with (NP (NP (NP one )NP (PP of (NP her concerns )NP )PP )NP : (SBAR that (S (S (VP turning (PRT over )PRT (NP the foreign documents )NP )VP )S (VP could (VP *UNK (NP (NP (NP the defendant 's )NP constitutional right )NP (PP against (NP *UNK- )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP As (NP a result )NP )PP , (NP he )NP (VP said (SBAR (S (NP he )NP (VP will (VP *UNK (NP (NP the Marcos documents )NP (VP sought (PP by (NP the prosecutors )NP )PP )VP )NP (S (VP to (VP determine (SBAR whether (S (S (VP turning (PRT over )PRT (NP the filings )NP )VP )S (VP is (NP *UNK- )NP )VP )S )SBAR )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Judge Keenan )NP (ADVP also )ADVP (VP *UNKED (NP the prosecutors )NP (S (VP to (VP show (SBAR that (S (NP (NP (NP Mrs. Marcos 's )NP Fifth *UNKC right )NP (PP against (NP *UNK- )NP )PP )NP (VP wo n't (VP be (VP violated )VP )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP (NP (NP (NP Mrs. Marcos 's )NP attorney )NP (PP in (NP New York )NP )PP )NP , (NP *UNKC *UNKC )NP , )NP (VP declined (S (VP to (VP comment (PP on (NP the ruling )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Mrs. Marcos )NP (VP has n't (VP admitted (SBAR that (S (NP she )NP (VP filed (NP (NP any documents )NP (PP such as (NP (NP those )NP (VP sought (PP by (NP the government )NP )PP )VP )NP )PP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Charles *UNKC )NP , (NP (NP the assistant U.S. attorney )NP (VP *UNKING (NP the Marcos case )NP )VP )NP , )NP (VP did n't (VP return (NP (NP phone calls )NP (VP seeking (NP comment )NP )VP )NP )VP )VP . )S  STOP
(S (NP U.S. . AND *UNKC *UNKC *UNKC )NP (VP announce (NP (NP rare joint venture )NP (PP in (NP Tokyo )NP )PP )NP )VP . )S  STOP
(S (NP (NP (NP *UNKC & Austin )NP , (NP a leading Chicago-based law firm )NP )NP , and (NP (NP *UNKC Morris *UNKC )NP , (NP (NP a *UNKED London firm )NP (PP of (NP *UNK )NP )PP )NP )NP , )NP (VP are (VP scheduled (NP today )NP (S (VP to (VP announce (NP plans (S (VP to (VP open (NP a joint office )NP (PP in (NP Tokyo )NP )PP )VP )VP )S )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP The firms )NP (VP will (VP be (VP registered (PP under (NP Japanese law )NP )PP (PP as (NP foreign legal consultants )NP )PP )VP )VP )VP )S and (S (NP (NP their practice )NP (PP with (NP Japanese clients )NP )PP )NP (VP will (VP be (VP limited (PP to (S (VP advising (NP them )NP (PP on (NP (NP matters )NP (PP of (NP foreign law )NP )PP )NP )PP )VP )S )PP )VP )VP )VP )S . )S  STOP
(S (NP The office )NP (VP may (ADVP also )ADVP (VP be (ADJP able (S (VP to (VP advise (NP (ADJP foreign and *UNK )ADJP clients )NP (PP on (NP (NP international law )NP and (NP general matters )NP )NP )PP )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (NP The office )NP (VP will (VP provide `` (NP *UNK- shopping )NP '' (PP for (NP (NP (NP Japanese financial institutions )NP and (NP other clients )NP )NP (VP seeking (NP (NP advice )NP (PP on (NP (NP access )NP (PP to (NP the world capital markets )NP )PP )NP )PP )NP )VP )NP )PP , (PP according (PP to (NP (NP A. Bruce *UNKC )NP , (NP (NP *UNKC 's )NP senior banking specialist )NP , (SBAR (WHNP who )WHNP (S (VP will (VP move (PP to (NP Tokyo )NP )PP (PP from (NP Chicago )NP )PP (S (VP to (VP open (NP the office )NP )VP )VP )S (NP next year )NP )VP )VP )S )SBAR )NP )PP )PP )VP )VP . )S  STOP
(S (NP The *UNKC venture )NP (VP will (ADVP also )ADVP (VP be (VP *UNKED (PP by (NP (NP (NP another *UNKC partner )NP (VP *UNKING (PP in (NP corporate law )NP )PP )VP )NP , (NP (NP a partner )NP (PP from (NP *UNKC )NP )PP (VP *UNKING (PP on (NP acquisitions )NP )PP )VP )NP and (NP a Japanese attorney )NP )NP )PP )VP )VP )VP . )S  STOP
(S (NP The office )NP (VP will (VP *UNK (NP (NP the resources )NP (PP of (NP (NP (NP (NP *UNKC 's )NP 700 lawyers )NP (PP in (NP (NP the U.S. )NP , (NP London )NP and (NP Singapore )NP )NP )PP )NP (CONJP as well as )CONJP (NP (NP the 400 *UNKC staff members )NP (PP in (NP London and Brussels )NP )PP )NP )NP )PP )NP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (ADJP new (PP to (NP the Far East )NP )PP )ADJP )VP . )S  STOP
(S (NP *UNKC )NP (VP will (VP maintain (NP (NP its association )NP (PP with (NP (NP the *UNKC Law Office )NP (PP in (NP Tokyo )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP THE *UNKC *UNKC *UNKC )NP (VP said (SBAR (S (NP it )NP (VP will (VP seek (NP (NP a *UNKING )NP (PP of (NP (NP a U.S. appellate court ruling )NP (PP against (NP (NP the union 's )NP claim (SBAR that (S (NP (NP the state )NP (PP of (NP Michigan )NP )PP )NP (VP *UNK (PP in (NP (NP *UNK- )NP (PP against (NP female employees )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A *UNK- panel )NP (PP of (NP (NP the court )NP (PP in (NP Cincinnati )NP )PP )NP )PP )NP (VP made (NP the ruling )NP (NP Saturday )NP )VP . )S  STOP
(S (NP The *UNKC )NP (VP is (VP seeking (NP (NP a hearing )NP (PP by (NP the full *UNK- panel )NP )PP )NP )VP )VP . )S  STOP
(S (NP The union )NP (VP sued (NP the state )NP (PP in (NP November 1985 )NP )PP , (S (VP *UNKING (SBAR that (S (NP it )NP (ADVP *UNKLY )ADVP (VP (VP *UNKED (NP job *UNK )NP (PP by (NP sex )NP )PP )VP and (VP paid (NP (NP employees )NP (PP in (NP (ADJP *UNKLY female )ADJP jobs )NP )PP )NP (NP (NP less )NP (PP than (NP (NP *UNK )NP (PP in (NP comparable jobs )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP The *UNKC )NP (ADVP also )ADVP (VP charged (SBAR that (S (NP the state )NP (VP applied (NP (NP its own standards )NP (PP for (S (VP *UNKING (NP pay )NP )VP )S )PP )NP (PP in (NP a *UNK *UNK )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP November 1987 )NP )PP , (NP (NP a district court judge )NP (PP in (NP Detroit )NP )PP )NP (VP ruled (PP against (NP the *UNKC )NP )PP )VP . )S  STOP
(S (NP The union )NP (VP is (NP (NP the *UNKING representative )NP (PP for (NP (QP more than 20,000 )QP Michigan state employees )NP )PP )NP )VP . )S  STOP
(NP *UNKC *UNKC *UNKC : )NP  STOP
(S (NP (NP One )NP (PP of (NP (NP the largest law firms )NP (PP in (NP central New Jersey )NP )PP )NP )PP )NP (VP has (VP been (VP created (PP through (NP (NP the merger )NP (PP of (NP (NP (NP *UNKC , *UNKC & *UNKC )NP , (NP a *UNK- firm )NP , )NP and (NP (NP *UNKC , *UNKC , *UNKC & *UNKC )NP , (NP (NP a health-care specialty law firm )NP (PP with (NP 14 lawyers )NP )PP )NP )NP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP is (NP (NP a *UNK- firm )NP (SBAR (WHNP that )WHNP (S (VP has (VP expanded (ADVP recently )ADVP (PP into (NP (NP such *UNK )NP (PP as (NP (NP banking )NP , (NP labor )NP and (NP environmental work )NP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The merged firm )NP (VP will (VP carry (NP (NP *UNKC *UNKC 's )NP name )NP )VP )VP . )S  STOP
(NP *UNKC *UNKC : )NP  STOP
(S (NP A Texas *UNK )NP (VP *UNK (S (VP *UNKING (NP (NP (NP drivers ' )NP licenses )NP (PP of (NP some drug *UNK )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP The bill )NP (VP would (VP *UNK (S (NP courts )NP (VP to (VP order (NP the licenses )NP (PP as (NP (NP a condition )NP (PP of (NP *UNK )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP State Senator *UNKC `` *UNKC '' Brown )NP , (NP (NP a Republican )NP (SBAR (WHNP who )WHNP (S (VP is (VP running (PP for (NP Texas attorney general )NP )PP )VP )VP )S )SBAR )NP , )NP (VP introduced (NP the bill )NP )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP an *UNKED license )NP (VP (VP would (VP be (NP (NP an `` *UNK '' )NP (PP to (NP (NP *UNK )NP and (NP young adults )NP )NP )PP )NP )VP )VP and (VP would (VP act (PP as (NP (NP a *UNK )NP (PP to (NP drug use )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Richard *UNKC )NP , (NP (NP executive director )NP (PP of (NP the Texas *UNKC *UNKC Union )NP )PP )NP , )NP (VP (VP called (S (NP the proposal )NP `` (NP political *UNK )NP )S )VP , '' and (VP said (SBAR (S (NP it )NP (VP *UNK (S (VP to (VP recognize (NP the drug problem )NP (PP as (NP a health issue )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP The amendment )NP , (VP offered (PP by (NP (NP Rep. Douglas *UNKC )NP (PRN -LRB- (NP D. )NP , (NP Calif. )NP -RRB- )PRN )NP )PP )VP , )NP (VP was (VP approved (ADVP *UNKN )ADVP (PP during (NP (NP debate )NP (PP on (NP (NP a bill )NP (VP designed (S (VP to (VP strengthen (NP (NP (NP the Transportation Department 's )NP authority )NP (PP in (S (VP dealing (PP with (NP (NP leveraged buy-outs )NP (PP of (NP airlines )NP )PP )NP )PP )VP )S )PP )NP )VP )VP )S )VP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The bill )NP (VP would (VP require (S (NP the agency )NP (VP to (VP block (NP (NP the acquisition )NP (PP of (NP (NP (QP 15 % or more )QP )NP (PP of (NP (NP an airline 's )NP stock )NP )PP )NP )PP )NP (SBAR if (S (NP the purchase )NP (VP (VP threatened (NP safety )NP )VP , (VP reduced (NP (NP the carrier 's )NP ability (S (VP to (VP compete )VP )VP )S )NP )VP , or (VP put (NP the airline )NP (PP under (NP foreign control )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP on (NP (NP the legislation )NP , (SBAR (WHNP which )WHNP (S (VP faces (NP (NP a veto threat )NP (PP from (NP President Bush )NP )PP )NP )VP )S )SBAR , )NP )PP )NP (VP is (S (VP to (VP continue (NP today )NP )VP )VP )S )VP . )S  STOP
(S (NP The amendment )NP (VP would (VP require (S (NP the department )NP (VP to (VP block (NP (NP the purchase )NP (PP of (NP a major airline )NP )PP (PP by (NP (NP anyone )NP (SBAR (WHNP who )WHNP (S (VP has (VP run (NP (NP (QP two or more )QP carriers )NP (SBAR (WHNP that )WHNP (S (VP have (VP filed (PP for (NP (NP protection )NP (PP from (NP creditors )NP )PP )NP )PP (PP under (NP (NP Chapter 11 )NP (PP of (NP the Bankruptcy Code )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP In (NP 1983 )NP )PP , (NP (NP Texas Air 's )NP Continental Airlines )NP (VP filed (PP for (NP bankruptcy )NP )PP )VP . )S  STOP
(S (NP Earlier this year )NP , (NP (NP Texas Air 's )NP Eastern Airlines )NP (VP filed (PP for (NP bankruptcy )NP )PP )VP . )S  STOP
(SINV `` (S (NP This )NP (VP ought (S (VP to (VP be (VP *UNKED (S (NP the ` (S (VP Do n't (VP let (S (NP Frank Lorenzo )NP (VP take (PRT over )PRT (NP another airline )NP )VP )S )VP )VP )S ' amendment )NP )S )VP )VP )VP )S )VP )S , '' (VP said )VP (NP (NP Rep. James *UNKC )NP (PRN -LRB- (NP D. )NP , (NP *UNKC )NP -RRB- )PRN , (NP (NP chairman )NP (PP of (NP the House *UNK subcommittee )NP )PP )NP , (SBAR (WHNP who )WHNP (S (VP argued (SBAR that (S (NP the provision )NP (VP was (ADJP unnecessary )ADJP (SBAR because (S (NP the bill )NP (ADVP already )ADVP (VP would (VP give (NP the department )NP (NP *UNK power (S (VP to (VP block (NP *UNK deals )NP )VP )VP )S )NP )VP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )NP . )SINV  STOP
(S (PP For (NP years )NP )PP , (NP a strict *UNK )NP (VP *UNKED (NP (NP the staff meetings )NP (PP at (NP (NP (NP Nissan Motor Co. 's )NP technical center )NP (PP in (NP (NP Tokyo 's )NP western *UNK )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP *UNK (NP (NP *UNK *UNK )NP (VP *UNKING (NP (CONJP not only )CONJP (NP their names )NP (CONJP but also )CONJP (NP (NP their *UNK )NP (PP of (NP hire )NP )PP )NP )NP )VP )NP )VP . )S  STOP
(S (S (NP No one )NP (VP could (VP voice (NP an opinion )NP (SBAR until (S (NP (NP everybody )NP (PP with (NP more *UNK )NP )PP )NP (VP had (VP *UNK (ADVP first )ADVP )VP )VP )S )SBAR )VP )VP )S , so (S (NP (NP younger employees )NP (PRN -- (ADVP often )ADVP (NP the (ADJP most *UNK and *UNK )ADJP )NP -- )PRN )NP (ADVP *UNK )ADVP (VP spoke (PRT up )PRT (ADVP at all )ADVP )VP )S . )S  STOP
(S But (PP in (NP 1986 )NP )PP , (NP (NP the *UNK )NP and (NP the `` (S (VP do n't (VP speak (PP out (PP of (NP turn )NP )PP )PP )VP )VP )S '' rule )NP )NP (VP were (VP (VP *UNKED )VP (PRN -- (NP (NP early steps )NP (PP in (NP (NP a cultural revolution )NP (VP (ADVP still )ADVP rolling (ADVP on )ADVP (PP with (NP (NP all the *UNK )NP (PP of (NP a freight train )NP )PP )NP )PP )VP )NP )PP )NP )PRN )VP )VP . )S  STOP
(S (PP In (NP recent years )NP )PP , (NP Nissan )NP (VP has (VP (VP *UNKED (NP *UNK- work *UNK )NP )VP and (VP allowed (S (NP employees )NP (VP to (VP dress (UCP (ADVP *UNKLY )ADVP , (PP (ADVP even )ADVP in (NP blue *UNK )NP )PP )UCP )VP )VP )S )VP )VP )VP . )S  STOP
(S (S (NP (NP A rule )NP (VP *UNKING (NP staffers )NP (S (VP to (VP own (NP (NP competitors ' )NP cars )NP )VP )VP )S )VP )NP (VP has (VP been (VP lifted )VP )VP )VP )S , and (S (ADVP now )ADVP (NP many *UNK )NP (VP drive (NP foreign cars )NP (S (VP to (VP get (NP useful ideas )NP )VP )VP )S )VP )S . )S  STOP
(S (NP (NP (NP Nissan 's )NP *UNK- corporate song )NP (VP filled (PP with (NP (NP *UNK )NP (PP to (NP *UNKC Fuji )NP )PP )NP )PP )VP )NP (VP has (VP been (VP *UNKED (PP in (NP (NP favor )NP (PP of (NP (NP a *UNK *UNK )NP (VP *UNK (PP by (NP a popular Japanese *UNK )NP )PP )VP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S And (PP in (NP a Japanese corporate first )NP )PP , (NP Nissan )NP (ADVP recently )ADVP (VP opened (NP (NP the first *UNKED company *UNK )NP (PP for (NP single employees )NP )PP )NP (PP at (NP the suburban Tokyo technical center )NP )PP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP had (NP (NP lots )NP (PP of (NP internal debate )NP )PP (PP about (NP this one )NP )PP )NP )VP )S , '' (VP concedes )VP (NP (NP *UNKC *UNKC )NP , (NP a senior *UNK- official )NP )NP . )SINV  STOP
(S `` But (PP in (NP the end )NP )PP , (NP top management )NP (VP decided (S (VP to (VP follow (NP (NP the voice )NP (PP of (NP the younger generation )NP )PP )NP )VP )VP )S )VP . '' )S  STOP
(S (NP This corporate glasnost )NP (VP is (NP (NP a big reason )NP (SBAR (S (NP Nissan )NP , (PP after (NP (NP years )NP (PP of (S (VP making (NP (NP lackluster cars )NP and (NP *UNK profits )NP )NP )VP )S )PP )NP )PP , (VP (VP has (VP *UNKED (PRT up )PRT (NP its *UNK ways )NP )VP )VP and (VP (ADVP now )ADVP is (VP riding (NP (NP a string )NP (PP of (NP hits )NP )PP , (VP ranging (PP (PP from (NP (NP the *UNK *UNKC *UNK )NP and (NP *UNKC *UNK )NP )NP )PP (PP to (NP (NP the (ADJP *UNKLY *UNK )ADJP *UNKC )NP , (NP (NP a *UNK )NP (VP sold (PP (ADVP only )ADVP in (NP Japan )NP )PP )VP )NP )NP )PP )PP )VP )NP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP (NP The company 's )NP turnaround )NP (VP is (ADVP far (PP from (ADJP complete )ADJP )PP )ADVP )VP )S ; (S (NP many crucial tests )NP (VP are (VP (ADVP just )ADVP beginning )VP )VP )S . )S  STOP
(S But (NP its surprising progress )NP (ADVP so far )ADVP (VP holds (NP (NP important *UNK )NP (PP for (NP (NP companies )NP (PP in (NP trouble )NP )PP )NP )PP )NP )VP . )S  STOP
(FRAG (NP The big one )NP : (S (NP (NP A company 's )NP culture )NP (VP ca n't (VP be (VP (ADVP *UNKLY )ADVP changed (SBAR unless (S (NP top management )NP (VP (VP (ADVP first )ADVP admits (SBAR that (S (NP things )NP (VP have (VP gone (ADJP badly *UNK )ADJP )VP )VP )S )SBAR )VP and (VP (ADVP then )ADVP (ADVP publicly )ADVP leads (NP the charge )NP )VP )VP )S )SBAR )VP )VP )VP )S . )FRAG  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP (NP Nissan 's )NP executive vice president )NP (PP for (NP finance )NP )PP )NP , )NP (VP helped (S (VP set (NP the tone )NP )VP )S (PP in (NP December 1986 )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP the company )NP (VP was (VP heading (PP toward (NP (NP the first operating loss )NP (PP by (NP a Japanese auto maker )NP )PP (PP since (NP (NP the nation 's )NP *UNK recovery )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP This )NP (VP is (NP (NP a time )NP (PP of (NP *UNK- )NP )PP (SBAR (S (VP to (VP *UNK (SBAR (WHNP what )WHNP (S (VP is (ADJP wrong (PP with (NP us )NP )PP )ADJP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP took (NP the *UNK )NP (PP as (NP (NP Nissan 's )NP president )NP )PP (PP in (NP June 1985 )NP )PP )VP )S )SBAR , )NP (VP added (ADVP simply )ADVP , `` (S (NP I )NP (VP am (ADJP deeply disappointed )ADJP )VP )S )VP . '' )S  STOP
(NP No wonder . )NP  STOP
(S (NP (NP Nissan )NP , (NP (NP (NP Japan 's )NP second-largest auto maker )NP and (NP (NP the world 's )NP *UNK- )NP )NP , )NP (VP was (VP getting (VP beat (PRT up )PRT (PP (CONJP not only )CONJP (PP by (NP (NP its bigger rival )NP , (NP Toyota Motor Corp. )NP , )NP )PP (CONJP but also )CONJP (PP by (NP (NP Honda Motor Co. )NP , (NP (NP (NP the (ADJP most successful )ADJP Japanese car company )NP (PP in (NP the U.S. )NP )PP )NP but (NP (NP a relative *UNK )NP (PP in (NP Japan )NP )PP )NP )NP )NP )PP )PP )VP )VP )VP . )S  STOP
(S (NP (NP (NP Nissan 's )NP market share )NP (PP in (NP Japan )NP )PP )NP (VP had (VP been (VP dropping (NP (NP year )NP (PP by (NP year )NP )PP )NP (PP since (NP (NP the beginning )NP (PP of (NP the decade )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP Its U.S. sales )NP (VP *UNKED , (PP (ADVP partly )ADVP because of (NP (NP price increases )NP (ADJP due (PP to (NP the rising yen )NP )PP )ADJP )NP )PP )VP . )S  STOP
(S (ADVP *UNKC (PP of (NP all )NP )PP )ADVP , (NP Nissan )NP (VP was (VP *UNKED (PP with (NP (NP management *UNKING )NP , (NP *UNK )NP and (NP corporate *UNK )NP )NP )PP )VP )VP . )S  STOP
(S (VP Consider (NP (NP the experience )NP (PP of (NP (NP *UNKC *UNKC )NP , (NP (NP a *UNK- designer )NP (PP of (NP vehicle *UNK )NP )PP (SBAR (WHNP who )WHNP (S (VP joined (NP Nissan )NP (PP in (NP 1982 )NP )PP )VP )S )SBAR )NP )NP )PP )NP )VP . )S  STOP
(S (PP At (NP that time )NP )PP , (NP tasks )NP (VP were (VP assigned (PP (ADVP *UNKLY )ADVP on (NP (NP the basis )NP (PP of (NP *UNK )NP )PP )NP )PP )VP )VP . )S  STOP
(S `` (S (NP The *UNK designer )NP (VP got (S (VP to (VP work (PP on (NP the *UNK )NP )PP )VP )VP )S )VP )S , '' (NP she )NP (VP recalls )VP . )S  STOP
(S `` (NP (NP The next level )NP (ADVP down )ADVP )NP (VP did (NP doors )NP )VP . )S  STOP
(S (SBAR If (S (NP a new person )NP (VP got (S (VP to (VP work (PP on (NP (NP part )NP (PP of (NP the *UNK )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR , (NP that )NP (VP was (NP a big deal )NP )VP . '' )S  STOP
(S (NP This system )NP (VP produced (NP (NP *UNKING , *UNK cars )NP (SBAR (WHNP that )WHNP (S (NP consumers )NP (ADVP just )ADVP (VP were n't (VP buying )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (VP (ADVP *UNKLY )ADVP hoping (S (VP to (VP *UNK (NP sales )NP )VP )VP )S )VP )S , (NP Nissan )NP (VP transferred (NP 5,000 middle managers and plant workers )NP (PP to (NP *UNK )NP )PP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP President *UNKC )NP (VP ordered (S (NP (NP everyone )NP (PP (PP from (NP top executives )NP )PP (PP to (NP *UNK *UNK )NP )PP )PP )NP (VP to (VP go `` (NP town watching )NP , '' (S (VP to (VP visit (NP (NP *UNK parts )NP (PP of (NP Tokyo )NP )PP )NP (S (VP to (VP try (S (VP to (VP gain (NP (NP *UNK )NP (PP into (S (VP developing (NP cars )NP (PP for (NP *UNK- )NP )PP )VP )S )PP )NP )VP )VP )S )VP )VP )S )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP Some *UNKING *UNK )NP (VP were (ADJP *UNK comic )ADJP )VP . )S  STOP
(S (NP (NP One group )NP (PP of (NP (NP *UNKED manufacturing men )NP (PP from (NP (NP (NP the company 's )NP *UNKC plant )NP (PP outside (NP Tokyo )NP )PP )NP )PP )NP )PP )NP (VP was (VP supposed (S (VP to (VP check (PRT out )PRT (NP (NP a *UNK restaurant )NP (PP in (NP the city )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S But (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP arrived (PP at (NP the door )NP )PP )VP )S )SBAR , (NP all )NP (VP were (ADJP afraid (S (VP to (VP go (ADVP in )ADVP )VP )VP )S )ADJP , (S (VP *UNKING (SBAR that (S (NP they )NP (VP would (VP be (PP out (PP of (NP place )NP )PP )PP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP Other *UNK )NP (VP were (ADJP more *UNK )ADJP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP (NP himself )NP )NP (VP visited (NP (NP (NP Honda 's )NP headquarters )NP (PP in (NP (NP Tokyo 's )NP upscale *UNKC district )NP )PP )NP )VP . )S  STOP
(S (NP He )NP (VP *UNKED (NP (NP the *UNKED *UNK display )NP (PP of (NP (NP Honda 's )NP cars and trucks )NP )PP )NP (ADVP (ADVP so much )ADVP (SBAR that (S (NP he )NP (VP had (S (NP (NP Nissan 's )NP *UNK lobby *UNK )NP (VP *UNKED )VP )S )VP )S )SBAR )ADVP )VP . )S  STOP
(S (ADVP Later )ADVP , (NP Nissan )NP (VP borrowed (NP (NP other Honda practices )NP , (PP including (NP (NP an engineering `` idea contest '' )NP (SBAR (S (VP to (VP promote (NP *UNK )NP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP One *UNK )NP (VP developed (NP (NP a `` *UNK car '' )NP (SBAR (WHNP that )WHNP (S (VP moves (ADVP *UNK )ADVP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP Such sudden cultural *UNK )NP (VP may (VP come (PRT across )PRT (PP as (ADJP (NP a bit )NP forced )ADJP )PP )VP )VP )S , but (S (NP they )NP (VP seem (S (VP to (VP be (ADJP genuine )ADJP (PRN -- (ADVP (ADVP so much so )ADVP , (PP in (NP fact )NP )PP , (SBAR that (S (NP some older employees )NP (VP have (VP *UNKED )VP )VP )S )SBAR )ADVP )PRN )VP )VP )S )VP )S . )S  STOP
(S (S (NP Nissan )NP (VP handled (NP the *UNK- )NP (PP in (NP a (ADJP typically Japanese )ADJP fashion )NP )PP )VP )S : (SINV (S (NP They )NP (VP (VP were n't (VP fired )VP )VP but (ADVP instead )ADVP `` (VP were (VP *UNKED )VP )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP the personnel manager )NP (PP at (NP the Nissan *UNKC Center )NP )PP )NP )NP )SINV . )S  STOP
(S (PP Despite (NP (NP the *UNK )NP (PP of (NP *UNKING )NP )PP )NP )PP , (NP the cultural revolution )NP (VP has (VP begun (S (VP to (VP yield (NP *UNKING cars )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (ADVP (NP A year )NP ago )ADVP , (NP the company )NP (ADVP completely )ADVP (VP *UNKED (NP (NP its *UNK- *UNK )NP , (NP the (ADJP $ *UNKN )ADJP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (PP against (NP (NP a broad range )NP (PP of (NP upscale *UNK )NP )PP )NP )PP )VP )S )SBAR )NP )VP )S ; (S (NP it )NP (VP replaced (NP its *UNK , *UNKED body )NP (PP with (NP *UNK , *UNK lines )NP )PP )VP )S . )S  STOP
(S (PP Since (ADVP then )ADVP )PP , (NP Nissan )NP (ADVP also )ADVP (VP has (VP launched (NP (NP new versions )NP (PP of (NP (NP the (ADJP $ *UNKN )ADJP *UNK *UNK *UNK )NP and (NP *UNK sports car )NP )NP )PP )NP )VP )VP . )S  STOP
(S (NP The *UNKED *UNK )NP (VP (VP costs (NP (QP as much as $ *UNKN )QP )NP )VP and (VP is (VP *UNKED (PRT off )PRT (PP against (NP (NP the *UNKC *UNKN )NP , (SBAR (WHNP which )WHNP (S (VP begins (PP at (NP $ *UNKN )NP )PP )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S (PP Besides (NP new *UNKING )NP )PP , (NP the new *UNKC )NP (VP have (NP (NP (ADJP more powerful )ADJP engines )NP and (NP (ADJP more sophisticated )ADJP suspension systems )NP )NP )VP . )S  STOP
(S (NP All three new models )NP (VP are (VP *UNKING (NP their *UNK )NP (PP by (NP wide margins )NP )PP )VP )VP . )S  STOP
(S (PP In (NP its home market )NP )PP , (NP Nissan )NP (VP has (VP *UNKED (NP attention )NP (PP with (NP (NP *UNK- *UNK )NP (VP featuring (NP (NP *UNKING )NP (ADJP odd enough (S (VP to (VP be (ADJP *UNK )ADJP )VP )VP )S )ADJP )NP )VP )NP )PP )VP )VP . )S  STOP
(S (NP One )NP (VP is (NP (NP the *UNKC )NP , (NP (NP a tiny *UNK )NP (PP with (NP (NP a *UNK *UNK top )NP and (NP (NP *UNKED *UNK )NP (SBAR (WHNP that )WHNP (S (VP give (NP it )NP (NP a *UNKED look )NP )VP )S )SBAR )NP )NP )PP )NP )NP )VP . )S  STOP
(S (S (NP Nissan )NP (ADVP initially )ADVP (VP planned (S (VP to (VP sell (NP (QP just 10,000 )QP *UNKC )NP )VP )VP )S )VP )S , but (S (NP sales )NP (VP have (VP passed (NP 50,000 )NP )VP )VP )S , and (S (NP there )NP (VP 's (NP (NP a one-year waiting list )NP (PP for (NP the car )NP )PP )NP )VP )S . )S  STOP
(S (ADVP Then )ADVP , (NP there )NP (VP 's (NP (NP the *UNKC )NP , (NP (NP an *UNK delivery *UNK )NP (PP with (NP (NP a *UNK- body )NP (SBAR (WHNP that )WHNP (S (VP *UNKED (NP its name )NP )VP )S )SBAR )NP )PP )NP )NP )VP . )S  STOP
(S (NP Nissan )NP (VP helped (S (VP develop (NP (NP a Tokyo restaurant )NP (PP with (NP (NP both vehicles )NP (PP as (NP its design theme )NP )PP )NP )PP )NP )VP )S )VP . )S  STOP
(S (S (NP The chairs )NP (VP are (NP *UNKC seats )NP )VP )S , and (S (NP a *UNK shop )NP (VP sells (NP (NP such items )NP (PP as (NP (NP *UNK *UNK )NP (VP *UNKED (PP like (NP (NP the *UNKC 's )NP *UNKED *UNK )NP )PP )VP )NP )PP )NP )VP )S . )S  STOP
(S (NP All these vehicles )NP (VP (VP have (VP (ADVP sharply )ADVP improved (NP (NP Nissan 's )NP *UNK and image )NP )VP )VP -- but (VP have n't (VP done (NP much )NP (PP for (NP its market share )NP )PP )VP )VP )VP . )S  STOP
(S (NP Nissan )NP (VP had (NP (NP 29 % )NP (PP of (NP the Japanese car market )NP )PP )NP (PP in (NP 1980 )NP )PP (PP before (S (VP beginning (NP (NP a *UNKING *UNK- slide )NP (SBAR (WHNP that )WHNP (S (VP continued (PP through (NP last year )NP )PP )VP )S )SBAR )NP )VP )S )PP )VP . )S  STOP
(S (S (NP *UNKC sales )NP (ADVP (ADVP so far )ADVP (NP this year )NP )ADVP (VP are (ADJP certain (S (VP to (VP turn (NP the *UNK )NP )VP )VP )S )ADJP )VP )S , but (S (NP (NP even the (ADJP 25 % )ADJP market share )NP (SBAR (WHNP that )WHNP (S (NP Nissan )NP (VP expects (PP in (NP 1989 )NP )PP )VP )S )SBAR )NP (VP will (VP leave (NP it )NP (PP (ADVP far )ADVP below (NP (NP its position )NP (PP at (NP (NP the beginning )NP (PP of (NP the decade )NP )PP )NP )PP )NP )PP )VP )VP )S . )S  STOP
(S (S (NP Nissan )NP (VP concedes (SBAR that (S (NP it )NP (VP wo n't (VP *UNK (NP (NP all its *UNK- losses )NP (PP in (NP Japan )NP )PP )NP (PP until (NP (ADVP at least )ADVP 1995 )NP )PP )VP )VP )S )SBAR )VP )S , and (S (NP even that *UNK )NP (VP might (VP prove (ADJP optimistic )ADJP )VP )VP )S . )S  STOP
(SINV `` (S (NP Everyone else )NP (VP is (VP going (S (VP to (VP catch (PRT up )PRT '' (PP with (NP (NP Nissan 's )NP *UNK designs )NP )PP )VP )VP )S )VP )VP )S , (VP says )VP (NP (NP A. *UNKC *UNKC )NP , (NP (NP auto analyst )NP (PP at (NP First Boston (PRN -LRB- (NP Japan )NP -RRB- )PRN Ltd )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP (NP Nissan 's )NP pace )NP (PP of (NP *UNK- hits )NP )PP )NP (VP will (VP slow (PRN , (S (NP he )NP (VP adds )VP )S , )PRN (SBAR just as (S (NP *UNK- Toyota )NP (VP *UNK (NP (NP its own *UNK )NP (PP of (NP new cars )NP )PP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP *UNKC )ADVP , (PP in (NP the U.S. )NP )PP , (NP Nissan )NP (VP has (VP *UNKED (NP (NP 5.2 % )NP (PP of (NP the car market )NP )PP )NP (ADVP (ADVP so far )ADVP (NP this year )NP )ADVP , (ADVP up (PP from (NP 4.5 % )NP (NP a year ago )NP )PP )ADVP )VP )VP . )S  STOP
(S But (NP even that )NP (VP (VP brings (NP Nissan )NP (PP (ADVP only )ADVP to (NP (NP the share )NP (SBAR (S (NP it )NP (VP had (PP in (NP 1987 )NP )PP )VP )S )SBAR )NP )PP )VP , and (VP leaves (NP the company )NP (PP behind (NP (NP its high )NP (PP of (NP 5.5 % )NP )PP (PP in (NP 1980 and 1982 )NP )PP )NP )PP )VP )VP . )S  STOP
(FRAG Why ? )FRAG  STOP
(S (ADVP So far )ADVP , (NP (NP Nissan 's )NP *UNK- *UNK )NP (VP are (ADVP mostly )ADVP (NP (NP *UNKED vehicles )NP (PP with (NP limited sales potential )NP )PP )NP )VP . )S  STOP
(S (PP In (NP (NP *UNK and *UNK cars )NP , (NP (NP the *UNK- sales *UNK )NP (PP for (NP Japanese auto makers )NP )PP )NP , )NP )PP (NP Nissan )NP (ADVP still )ADVP (VP *UNK (NP Toyota and Honda )NP )VP . )S  STOP
(S (NP Nissan )NP (VP hopes (SBAR that (S (NP that )NP (VP will (VP start (S (VP to (VP change )VP )VP )S (NP this fall )NP , (PP with (NP (NP its new version )NP (PP of (NP the *UNKC *UNK *UNK )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNKC )NP (VP has (VP been (NP a *UNK )NP (PP compared (PP with (NP (NP (NP Honda 's )NP (ADJP *UNKLY successful )ADJP *UNKC )NP and (NP (NP Toyota 's )NP *UNKC )NP )NP )PP )PP )VP )VP . )S  STOP
(S But (NP this year )NP , (NP Honda )NP (VP (VP has (VP *UNKED (NP the *UNKC )NP )VP )VP and (VP made (S (NP it )NP (NP a *UNKED car )NP )S )VP )VP . )S  STOP
(S (S (NP Nissan )NP (ADVP instead )ADVP (VP has (VP (VP kept (S (NP its new *UNKC )NP (ADJP (ADVP (NP a bit )NP smaller )ADVP (PP than (NP that )NP )PP )ADJP )S )VP and (VP cut (NP the base price )NP (NP 6 % )NP )VP )VP )VP )S ; (S (PP at (NP $ *UNKN )NP )PP , (NP *UNKC prices )NP (VP (VP start (PP (NP $ *UNKN )NP below (NP the *UNK model )NP )PP )VP yet (VP have (NP a *UNK- engine )NP )VP )VP )S . )S  STOP
(S (NP *UNKC prices )NP (VP start (PP at (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (NP (NP Nissan 's )NP risk )NP (VP is (SBAR that (S (NP its *UNK- strategy )NP (VP might (VP get (VP lost (PP amid (NP (NP the (ADJP highly *UNKED )ADJP *UNK )NP (VP being (VP offered (PP by (NP (NP Detroit 's )NP Big Three )NP )PP )VP )VP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(SINV (S But `` (PP on (NP a new car )NP )PP , (NP a *UNK )NP (VP does n't (VP work (ADVP well )ADVP '' (SBAR because (S (NP it )NP (VP *UNK (NP (NP the vehicle 's )NP image )NP )VP )S )SBAR )VP )VP )S , (VP contends )VP (NP (NP Thomas D. *UNKC )NP , (NP (NP executive vice president )NP (PP of (NP (NP Nissan 's )NP U.S. sales arm )NP )PP )NP )NP . )SINV  STOP
(S (SBAR Even if (S (NP the new *UNKC )NP (VP succeeds )VP )S )SBAR , (NP Nissan )NP (VP will (VP remain (ADVP behind )ADVP (PP in (NP (NP the *UNK segment )NP , (SBAR (WHADVP where )WHADVP (S (NP its *UNKC )NP (VP does n't (VP measure (PRT up )PRT (PP to (NP the (NX (NX Honda *UNKC )NX and (NX Toyota *UNKC )NX )NX )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP Nissan )NP (VP will (VP introduce (NP a (ADJP completely revamped )ADJP *UNKC )NP (NP next fall )NP )VP )VP . )S  STOP
(S (PP At (NP (NP the opposite end )NP (PP of (NP the market )NP )PP )NP )PP , (NP Nissan )NP (VP *UNK (NP its luxury Infiniti division )NP (PP on (NP Nov. 8 )NP )PP -- (SBAR (SBAR (NP three years )NP after (S (NP Honda )NP (VP *UNKED (NP Japanese luxury cars )NP )VP )S )SBAR and (SBAR (NP two months )NP after (S (NP (NP Toyota 's )NP Lexus )NP (VP went (PP on (NP sale )NP )PP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP Nissan )NP (VP started (S (VP advertising (NP Infiniti )NP (SBAR (NP fully eight months )NP before (S (NP the cars )NP (VP hit (NP American *UNK )NP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP The ads )NP (VP *UNKED (NP (NP (NP *UNK )NP , (NP *UNK )NP and (NP *UNK- *UNK )NP )NP -- (NP (NP almost anything )NP but (NP (NP the cars )NP (NP themselves )NP )NP )NP )NP )VP . )S  STOP
(S (NP The ads )NP (VP have (VP generated (NP (NP some *UNK )NP but also (NP (NP plenty )NP (PP of (NP attention )NP )PP )NP )NP (SBAR because (S (NP they )NP (VP are (PP (ADVP so )ADVP unlike (NP any other U.S. auto advertising )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP On (NP the other hand )NP )PP , (NP (NP (NP Nissan 's )NP sales goals )NP (PP for (NP Infiniti )NP )PP )NP (VP are (ADJP modest )ADJP (PP compared (PP with (NP (NP (NP Toyota 's )NP targets )NP (PP for (NP Lexus )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP Nissan )NP (VP will (VP build (NP (NP (QP only about *UNKN )QP )NP (PP of (NP the (ADJP $ *UNKN )ADJP Infiniti *UNKC *UNK )NP )PP )NP (NP each month )NP , (S (VP (VP sending (NP (NP (QP about 2,000 )QP )NP (PP of (NP them )NP )PP )NP (PP to (NP the U.S. )NP )PP )VP and (VP keeping (NP the rest )NP (PP for (NP (NP sale )NP (PP in (NP Japan )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP Toyota )NP (VP wants (S (VP to (VP sell (NP (QP about *UNKN )QP Lexus *UNKC *UNK )NP (NP next year )NP (PP in (NP (NP the U.S. )NP (ADVP alone )ADVP )NP )PP )VP )VP )S )VP . )S  STOP
(SINV `` (S (SBAR (WHADVP When )WHADVP (S (NP I )NP (VP saw (NP the Lexus sales projections )NP )VP )S )SBAR , (NP I )NP (VP got (ADJP worried )ADJP )VP )S , '' (VP *UNK )VP (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP led (NP the Infiniti development team )NP )VP )S )SBAR )NP . )SINV  STOP
(S But (PP on (NP *UNK )NP )PP (PRN , (S (NP Mr. *UNKC )NP (VP says )VP )S , )PRN (NP he )NP (VP concluded (SBAR that (S (NP Nissan )NP (VP is (VP being (ADJP *UNK )ADJP (PP in (S (VP (VP following (NP its *UNK- strategy )NP )VP (CONJP instead of )CONJP (VP (ADVP simply )ADVP *UNKING (NP Lexus )NP )VP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (S (NP Infiniti )NP (VP is (NP (NP (NP Nissan 's )NP big business move )NP (PP for (NP the *UNK century )NP )PP )NP )VP )S , and (S (NP we )NP (VP 're (PP in (NP no *UNK (S (VP to (VP generate (NP large profits )NP (ADVP right away )ADVP )VP )VP )S )NP )PP )VP )S )S , '' (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S (S (PP Despite (NP plans (S (VP to (VP add (NP two new Infiniti models )NP (NP next year )NP , (S (VP bringing (NP the total )NP (PP to (NP four )NP )PP )VP )S )VP )VP )S )NP )PP , (NP Infiniti )NP (VP wo n't (VP show (NP profits )NP (PP for (NP (QP at least five )QP years )NP )PP )VP )VP )S , (NP he )NP (VP adds )VP . )S  STOP
(S (NP These days )NP (NP Nissan )NP (VP can (VP afford (NP that strategy )NP , (SBAR even though (S (NP profits )NP (VP are n't (ADJP exactly robust )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Nissan )NP (VP had (NP (NP (NP record net income )NP (PP of (NP (NP (QP *UNKN billion )QP yen )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP )PP (PP in (NP (NP the fiscal year )NP (VP ended (NP last March 31 )NP )VP )NP )PP )NP , (NP (NP a remarkable recovery )NP (PP from (NP (NP the (QP *UNKN billion )QP yen )NP (PP of (ADVP (ADVP (NP two years )NP earlier )ADVP , (SBAR (WHADVP when )WHADVP (S (NP the company )NP (VP lost (NP money )NP (PP on (NP operations )NP )PP )VP )S )SBAR )ADVP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (NP Nissan )NP (VP has (VP increased (NP earnings )NP (ADVP (ADVP more )ADVP (PP than (NP market share )NP )PP )ADVP (PP (PP by (S (VP cutting (NP costs )NP )VP )S )PP and (PP by (S (VP taking (NP advantage )NP (PP of (NP (NP a general surge )NP (PP in (NP Japanese car sales )NP )PP )NP )PP )VP )S )PP )PP )VP )VP . )S  STOP
(S But (NP Nissan )NP (VP expects (S (VP to (VP (VP earn (NP (QP only 120 billion )QP yen )NP (PP in (NP the current fiscal year )NP )PP )VP , (NP (NP a modest increase )NP (PP of (NP 4.7 % )NP )PP )NP )VP )VP )S )VP . )S  STOP
(FRAG (NP The big reason )NP : (S (PP For (NP all its *UNKING )NP )PP , (NP Nissan )NP (VP remains (ADJP (ADJP less efficient )ADJP (PP than (NP Toyota )NP )PP )ADJP )VP )S . )FRAG  STOP
(S (PP In (NP its last fiscal year )NP )PP , (NP (NP Nissan 's )NP profit )NP (VP represented (NP (NP (QP just 2.3 )QP % )NP (PP of (NP sales )NP )PP )NP , (PP compared (PP with (NP (NP *UNKN % )NP (PP at (NP Toyota )NP )PP )NP )PP )PP )VP . )S  STOP
(S (S (VP To (VP help (S (VP close (NP the gap )NP )VP )S )VP )VP )S , (NP Nissan )NP (ADVP recently )ADVP (VP established (NP a *UNK- *UNKING committee )NP )VP . )S  STOP
(S (NP Nissan )NP (VP is (NP (NP (NP the world 's )NP only auto maker )NP (VP (ADVP currently )ADVP building (NP vehicles )NP (PP in (NP (NP (NP all three )NP (PP of (NP (NP the world 's )NP key economic *UNK )NP )PP )NP -- (NP (NP the U.S. )NP , (NP Japan )NP and (NP Europe )NP )NP )NP )PP )VP )NP )VP . )S  STOP
(S (NP That )NP (VP (VP gives (NP it )NP (NP (NP an *UNK strategic advantage )NP (PRN , (ADVP at least )ADVP (SBAR until (S (NP its rivals )NP (VP catch (PRT up )PRT )VP )S )SBAR , )PRN but also (NP (NP plenty )NP (PP of (NP *UNK *UNK )NP )PP )NP )NP )VP )VP . )S  STOP
(S (PP For (NP example )NP )PP , (NP (NP Nissan 's )NP U.S. operations )NP (VP include (NP (NP (NP 10 separate subsidiaries )NP (PRN -- (PP for (NP manufacturing , sales , design , research , *UNK )NP )PP -- )PRN )NP (SBAR (WHNP that )WHNP (S (VP report (ADVP separately )ADVP (ADVP back (PP to (NP Japan )NP )PP )ADVP )VP )S )SBAR )NP )VP . )S  STOP
(S And (PP in (NP July )NP )PP , (NP (NP Nissan 's )NP Tennessee manufacturing plant )NP (VP beat (PRT back )PRT (NP a United *UNKC Workers *UNKING effort )NP (PP with (NP (NP aggressive tactics )NP (SBAR (WHNP that )WHNP (S (VP have (VP left (S (NP some workers )NP (ADJP bitter )ADJP )S )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP are (PP in (NP (NP a *UNK phase )NP (PP from (S (VP being (NP a Japanese company )NP )VP )S )PP (PP to (S (VP becoming (NP (NP an international company )NP (VP based (PP in (NP Japan )NP )PP )VP )NP )VP )S )PP )NP )PP )VP )S , '' (VP says )VP (NP (NP Mr. *UNKC )NP , (NP the executive vice president )NP )NP . )SINV  STOP
(S (NP He )NP (VP promises (SBAR that (S (NP Nissan )NP (VP will (ADVP soon )ADVP (VP establish (NP (NP a holding company )NP (VP *UNKING (NP all U.S. operations )NP )VP )NP , (SBAR just as (S (NP it )NP (VP 's (VP doing (PP in (NP Europe )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Perhaps )ADVP (NP the biggest challenge )NP , (ADVP however )ADVP , (VP will (VP be (S (VP to (VP prevent (NP (NP a return )NP (PP to (NP its former corporate *UNK )NP )PP )NP (SBAR as (S (NP its recovery )NP (VP continues )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (ADVP Already )ADVP , (NP personnel officials )NP (VP are (VP talking (PP about (NP (NP the need )NP (PP for (NP (NP a `` *UNKC Two '' *UNK- effort )NP (PP of (NP some sort )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S `` (S (S (NP We )NP (VP are (ADVP still )ADVP (PP (NP only half way )NP through (NP (NP the turnaround )NP (PP of (NP this company )NP )PP )NP )PP )VP )S , and (S (NP there )NP (VP are (NP (NP (ADJP many more )ADJP things )NP (SBAR (S (VP to (VP do )VP )VP )S )SBAR )NP )VP )S )S , '' (NP President *UNKC )NP (VP says )VP . )S  STOP
(S (NP He )NP (VP adds , (ADVP however )ADVP , (SBAR that `` (S (NP (NP the momentum )NP (SBAR (S (NP we )NP (VP have (VP generated )VP )VP )S )SBAR )NP (VP is (ADJP *UNK )ADJP )VP )S )SBAR )VP . )S  STOP
(S (SBAR As (S (VP expected )VP )S )SBAR , (NP Warner *UNKC . Records )NP (VP said (SBAR (S (NP it )NP (VP agreed (S (VP to (VP form (NP a (ADJP *UNK- and *UNKING )ADJP joint venture )NP (PP with (NP former MCA Records Chairman Irving Azoff )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Warner )NP (VP (VP said (SBAR (S (NP it )NP (VP will (VP provide (NP financing )NP (PP for (NP the venture )NP )PP )VP )VP )S )SBAR )VP , but (VP did n't (VP disclose (NP terms )NP )VP )VP )VP . )S  STOP
(S (S (NP Mr. Azoff )NP (VP has n't (VP named (NP the company )NP (ADVP yet )ADVP )VP )VP )S , but (S (NP (NP any records )NP (SBAR (S (NP it )NP (VP produces )VP )S )SBAR )NP (VP will (VP be (VP distributed (PP by (NP Warner )NP )PP )VP )VP )VP )S . )S  STOP
(S (NP Warner )NP (VP is (NP (NP part )NP (PP of (NP (NP Warner Communications Inc. )NP , (SBAR (WHNP which )WHNP (S (VP is (PP in (NP (NP the process )NP (PP of (S (VP being (VP acquired (PP by (NP Time Warner Inc )NP )PP )VP )VP )S )PP )NP )PP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (S (NP Mr. Azoff )NP (VP resigned (PP as (NP (NP head )NP (PP of (NP (NP MCA Records )NP , (NP (NP a unit )NP (PP of (NP MCA Inc. )NP )PP )NP , )NP )PP )NP )PP (PP in (NP September )NP )PP )VP )S , and (S (VP had (VP been (VP discussing (NP a joint venture )NP (PP with (NP both Warner and MCA )NP )PP )VP )VP )VP )S . )S  STOP
(S (PP In (NP a statement )NP )PP (NP yesterday )NP , (NP Mr. Azoff )NP (VP said (SBAR (S (NP he )NP (VP chose (NP (NP Warner )NP , (NP the largest record company )NP , )NP (SBAR because `` (S (NP (NP their standing )NP (PP in (NP the entertainment industry )NP )PP )NP (VP is (ADJP second (PP to (NP none )NP )PP )ADJP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP President Bush )NP and (NP Soviet leader Mikhail Gorbachev )NP )NP (VP will (VP (VP hold (NP an informal meeting )NP (PP in (NP early December )NP )PP )VP , (NP (NP a move )NP (SBAR (WHNP that )WHNP (S (VP should (VP give (NP both leaders )NP (NP a political boost )NP (PP at (NP home )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP The White House )NP (VP is (ADVP *UNKLY )ADVP not (VP calling (S (NP the meeting )NP (NP a summit )NP )S (SBAR so that (S (NP there )NP (VP wo n't (VP be (NP (NP any *UNK )NP (PP of (NP detailed negotiations or agreements )NP )PP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP Rather )ADVP , (NP senior administration officials )NP (VP said (SBAR that (S (NP the unexpected meeting )NP (VP was (VP scheduled (PP at (NP (NP Mr. Bush 's )NP request )NP )PP (PP because of (NP (NP his preference )NP (PP for (S (VP conducting (NP *UNK )NP (PP through (NP (NP (ADJP highly personal and informal )ADJP meetings )NP (PP with (NP other leaders )NP )PP )NP )PP )VP )S )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The two leaders )NP (VP will (VP meet (PP on (NP Dec. 2 and 3 )NP )PP , (S (VP *UNKING (NP (NP the two days )NP (PP of (NP meetings )NP )PP )NP (PP between (NP (NP (NP a U.S. )NP and (NP a Soviet )NP (NX naval *UNK )NX )NP (PP in (NP the *UNKC Sea )NP )PP )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP The unusual *UNK meeting )NP (VP wo n't (VP *UNK (NP (NP plans )NP (PP for (NP (NP a formal summit meeting )NP (NP next spring or summer )NP , (SBAR (WHPP at (WHNP which )WHNP )WHPP (S (NP an *UNK- treaty )NP (VP is (ADJP likely (S (VP to (VP be (VP completed )VP )VP )VP )S )ADJP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (PP In (S (VP announcing (NP the meeting )NP (NP yesterday )NP )VP )S )PP , (NP Mr. Bush )NP (VP told (NP (NP reporters )NP (PP at (NP the White House )NP )PP )NP (SBAR that (S (NP neither (NP he )NP nor (NP Mr. Gorbachev )NP )NP (VP expects (NP any `` substantial decisions or agreements )NP )VP )S )SBAR )VP . '' )S  STOP
(S (ADVP Instead )ADVP , (NP he )NP (VP said (SBAR that (S (NP the purpose )NP (VP is (ADVP simply )ADVP (SBAR for (S (NP the two )NP (VP to (VP (VP get `` (ADJP better *UNKED )ADJP '' )VP and (VP discuss (NP (NP a wide range )NP (PP of (NP issues )NP )PP )NP (PP without (NP a formal agenda )NP )PP )VP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP Despite (NP (NP (NP the informal nature )NP (PP of (NP the session )NP )PP )NP and (NP the calculated effort (S (VP to (VP hold (PRT down )PRT (NP expectations )NP )VP )VP )S )NP )NP )PP , (NP the meeting )NP (VP could (VP pay (NP significant political dividends )NP (PP for (NP both leaders )NP )PP )VP )VP . )S  STOP
(S (NP Mr. Gorbachev )NP (VP (ADVP badly )ADVP needs (NP (NP a *UNK )NP (PP from (NP (NP the serious economic problems and *UNK *UNK )NP (SBAR (S (NP he )NP (VP faces (PP at (NP home )NP )PP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP American officials )NP (VP have (VP said (SBAR that (S (NP (NP a meeting )NP (PP with (NP (NP the leader )NP (PP of (NP the U.S. )NP )PP )NP )PP )NP (VP could (VP help (S (VP bolster (NP (NP his *UNK )NP (PP among (NP (NP Soviet politicians and *UNK )NP , (SBAR (WHNP whose support )WHNP (S (NP he )NP (VP needs )VP )S )SBAR )NP )PP )NP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP For (NP his part )NP )PP , (NP Mr. Bush )NP (VP has (VP been (VP criticized (ADVP regularly )ADVP (PP at (ADVP home )ADVP )PP (PP for (S (VP moving (ADVP too slowly and *UNKLY )ADVP (PP in (S (VP *UNKING (PP to (NP (NP (NP Mr. Gorbachev 's )NP reforms )NP and (NP (NP the *UNK moves )NP (ADVP away (PP from (NP *UNK )NP )PP )ADVP (PP in (NP Eastern Europe )NP )PP )NP )NP )PP )VP )S )PP )VP )S )PP )VP )VP )VP . )S  STOP
(S (NP (NP A *UNK- meeting )NP (PP with (NP Mr. Gorbachev )NP )PP )NP (VP should (VP damp (NP such criticism )NP , (SBAR though (S (NP it )NP (VP will (ADVP hardly )ADVP (VP eliminate (NP it )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Senate Majority Leader George Mitchell )NP (PRN -LRB- (NP D. )NP , (NP Maine )NP -RRB- )PRN , (SBAR (WHNP who )WHNP (S (VP has (VP been (NP (NP the (ADJP most prominent )ADJP Democratic *UNK )NP (PP of (NP (NP (NP Mr. Bush 's )NP handling )NP (PP of (NP the Soviet relationship )NP )PP )NP )PP )NP )VP )VP )S )SBAR , )NP (VP *UNKED (NP the president )NP (PP for (S (VP *UNKING (NP the meeting )NP )VP )S )PP )VP . )S  STOP
(S But (NP he )NP (VP added : `` (S (NP (NP The mere fact )NP (PP of (NP a meeting )NP )PP )NP (VP does n't (VP deal (PP with (NP (NP the *UNK )NP (PP of (NP policy )NP )PP )NP )PP )VP )VP )S )VP . '' )S  STOP
(S (NP Mr. Bush )NP (VP said (SBAR that (S (NP (NP the December meeting )NP , (SBAR (WHNP which )WHNP (S (VP was (VP announced (ADVP *UNKLY )ADVP (PP in (NP Moscow )NP )PP )VP )VP )S )SBAR , )NP (VP will (VP be (VP held (PP in (NP (NP the unusual setting )NP (PP of (NP (NP ships )NP (PP at (NP sea )NP )PP )NP )PP )NP )PP (S (VP to (VP (VP hold (PRT down )PRT (NP the `` *UNK '' )NP )VP and (VP force (S (NP the two sides )NP (VP to (VP limit (NP participation )NP (PP to (NP (NP just small groups )NP (PP of (NP advisers )NP )PP )NP )PP )VP )VP )S )VP )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (PP By (S (VP doing (NP it )NP (PP in (NP this manner )NP )PP )VP )S )PP (NP we )NP (VP can (VP have (PRN , (S (NP I )NP (VP would (VP say )VP )VP )S , )PRN (NP (NP more time )NP (PP without (NP (NP the press )NP (PP of (NP (NP (NP social activities )NP or (NP mandatory joint *UNK )NP )NP , (NP (NP things )NP (PP of (NP that nature )NP )PP )NP (PP for (NP public consumption )NP )PP )NP )PP )NP )PP )NP )VP )VP )S , '' (NP Mr. Bush )NP (VP said )VP . )S  STOP
(S (NP Soviet Foreign Minister *UNKC Shevardnadze )NP , (PP at (NP (NP a news conference )NP (PP in (NP Moscow )NP )PP )NP )PP , (VP said , `` (S (SBAR As (S (NP the two sides )NP (VP plan (S (VP to (VP hold (NP a *UNK- summit )NP (PP in (NP (NP late *UNKLY summer )NP (NP next year )NP )NP )PP )VP )VP )S )VP )S )SBAR , (NP they )NP (VP found (S (NP (NP it )NP )NP (ADJP useful )ADJP (PRN , (S (NP I )NP (VP would (VP say (SBAR (FRAG even necessary )FRAG )SBAR )VP )VP )S , )PRN (S (VP to (VP hold (NP an interim informal meeting )NP )VP )VP )S )S )VP )S )VP . '' )S  STOP
(S (SBAR Although (S (NP no specific agreements )NP (VP are (VP expected )VP )VP )S )SBAR , (NP Mr. Shevardnadze )NP (VP said `` (S (NP that )NP (VP does n't (VP mean (SBAR (S (NP they )NP (VP will (VP be (PP without (NP an agenda )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP . '' )S  STOP
(S (SBAR If (S (NP the two leaders )NP (VP cover (NP (NP the subjects )NP (SBAR (WHNP that )WHNP (S (VP have (VP been (VP featured (PP in (NP lower level *UNKC meetings )NP )PP )VP )VP )VP )S )SBAR )NP )VP )S )SBAR , (NP their talks )NP (VP would (VP include (NP (NP human rights )NP , (NP Soviet reforms )NP , (NP regional disputes )NP , (NP (NP relations )NP (PP with (NP allies )NP )PP )NP , (NP economic cooperation )NP , (NP arms control )NP , and (NP joint efforts (S (VP to (VP fight (NP *UNK , terrorism and pollution )NP )VP )VP )S )NP )NP )VP )VP . )S  STOP
(S (NP The president )NP (VP (ADVP specifically )ADVP mentioned (NP (NP U.S. economic advice )NP (PP to (NP Moscow )NP )PP )NP (PP as (NP a possible topic )NP )PP )VP . )S  STOP
(S (NP Mr. Gorbachev )NP (VP has (PP for (NP months )NP )PP (VP been (VP (ADVP publicly )ADVP urging (NP the U.S. )NP (S (VP to (VP drop (NP (NP its restrictions )NP (PP on (NP Soviet trade )NP )PP )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP He )NP (ADVP recently )ADVP (VP told (NP (NP a small group )NP (PP of (NP American businessmen )NP )PP (PP in (NP Moscow )NP )PP )NP (SBAR that (S (NP he )NP (VP hoped (S (VP to (VP sign (NP a general trade agreement )NP (PP with (NP the U.S. )NP )PP , (PP (ADVP possibly )ADVP at (NP the 1990 summit )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The Soviets )NP (VP hope (SBAR (S (NP a trade agreement )NP (VP would (VP give (NP them )NP (NP (NP *UNKED *UNKC status )NP , (SBAR (WHNP which )WHNP (S (VP would (VP lower (NP (NP the *UNK )NP (PP on (NP (NP Soviet exports )NP (PP to (NP the U.S. )NP )PP )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP an (ADJP unusually *UNK )ADJP article )NP (PP about (NP (NP the latest economic *UNK )NP (PRN -- (NP unemployment )NP -- )PRN )NP )PP )NP )PP (NP *UNKC )NP (NP yesterday )NP (VP reported (SBAR that (S (S (NP (QP three million )QP Soviets )NP (VP have (VP lost (NP their jobs )NP (PP as (NP (NP a result )NP (PP of (NP perestroika )NP )PP )NP )PP )VP )VP )S and (S (NP the number )NP (VP could (VP grow (PP to (NP (QP 16 million )QP )NP )PP (PP by (NP the year *UNKN )NP )PP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (NP (NP Economists )NP (PP in (NP Moscow )NP )PP )NP (VP are (ADVP now )ADVP (VP *UNKING (SBAR that (S (NP the state )NP (VP start (NP (NP a system )NP (PP of (NP unemployment benefits )NP )PP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S But (NP (NP one Bush administration official )NP (ADJP *UNK (PP about (NP the summit plan )NP )PP )ADJP )NP (VP *UNKED (PP against (S (VP assuming (SBAR that (S (NP there )NP (VP will (VP be (NP (NP *UNK new *UNK )NP (PP on (NP (NP the Soviet economy )NP or (NP other issues )NP )NP )PP )NP )VP )VP )S )SBAR )VP )S )PP )VP . )S  STOP
(S `` (S (VP Do n't (VP take (NP this )NP (PP as (NP (NP some big opening )NP (PP for (NP (NP major movement )NP (PP on (NP (NP economic cooperation )NP , or (NP arms control )NP , or (NP the environment )NP )NP )PP )NP )PP )NP )PP )VP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S `` (NP Those things )NP (VP will all (VP come (PRT up )PRT , (PP but (PP in (NP a fairly informal way )NP )PP )PP )VP )VP . '' )S  STOP
(S (ADVP Instead )ADVP , (NP this official )NP (VP said , `` (S (NP This )NP (VP is (NP *UNK George Bush )NP )VP )S )VP . )S  STOP
(S (NP This )NP (VP was (NP (NP George Bush 's )NP own idea )NP )VP . )S  STOP
(S (NP It )NP (VP 's (S (NP George Bush )NP (VP *UNKING (S (VP to (VP (VP meet (NP a foreign leader )NP )VP and (VP talk (PP to (NP him )NP )PP (ADVP directly )ADVP )VP )VP )VP )S )VP )S )VP . '' )S  STOP
(S (ADVP Aside (PP from (NP (NP the Soviet economic *UNK )NP and (NP (NP talks )NP (PP on (S (VP cutting (NP (ADJP strategic and chemical )ADJP arms )NP )VP )S )PP )NP )NP )PP )ADVP , (NP (NP one other issue )NP (SBAR (S (NP the Soviets )NP (VP are (ADJP likely (S (VP to (VP want (S (VP to (VP raise )VP )VP )S )VP )VP )S )ADJP )VP )S )SBAR )NP (VP is (NP naval force reductions )NP )VP . )S  STOP
(S (NP Western analysts )NP (VP say (SBAR that , (S (PP given (NP (NP (NP the meeting 's )NP setting )NP (PP at (NP sea )NP )PP )NP )PP , (NP Gorbachev )NP (VP is (ADJP unlikely (S (VP to (VP pass (PRT up )PRT (NP the opportunity (S (VP to (VP press (ADVP once again )ADVP (PP for (NP (NP negotiated cuts )NP (PP in (NP (NP the *UNK )NP (PP of (NP both (NP the North Atlantic *UNKC Organization )NP and (NP the Warsaw *UNKC )NP )NP )PP )NP )PP )NP )PP )VP )VP )S )NP )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP That theme )NP (VP has (VP been (NP a *UNKING one )NP (PP for (NP Soviet military officials )NP )PP (PP for (NP (NP much )NP (PP of (NP this year )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP They )NP (VP argue (SBAR that (S (SBAR as (S (NP the *UNKC )NP (VP follows (PRT through )PRT (PP on (NP announced plans (S (VP to (VP cut (NP (NP land forces )NP (PRN -- (NP (NP (NP the Soviets ' )NP area )NP (PP of (NP greatest strength )NP )PP )NP -- )PRN )NP )VP )VP )S )NP )PP )VP )S )SBAR (NP the U.S. )NP (VP should (VP show (NP more *UNK (S (VP to (VP cut (NP (NP sea forces )NP (PRN -- (NP (NP (NP Washington 's )NP area )NP (PP of (NP greatest *UNK )NP )PP )NP )PRN )NP )VP )VP )S )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP One )NP (PP of (NP (NP the reasons )NP (SBAR (S (NP Bush administration aides )NP (VP are (ADJP *UNK (S (VP to (VP insist (SBAR that (S (NP the coming meeting )NP (VP will (VP be (ADJP informal )ADJP )VP )VP )S )SBAR )VP )VP )S )ADJP )VP )S )SBAR )NP )PP )NP (VP is (S (VP to (VP avoid (NP (NP *UNK )NP (PP with (NP (NP the last such (ADJP *UNKLY structured )ADJP *UNK gathering )NP , (NP (NP (NP former President Reagan 's )NP 1986 meeting )NP (PP with (NP Mr. Gorbachev )NP )PP (PP in (NP (NP *UNKC )NP , (NP *UNKC )NP )NP )PP )NP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP That meeting )NP (VP sent (NP *UNK )NP (PP through (NP the Western alliance )NP )PP (SBAR because (S (NP Mr. Reagan )NP (VP was (VP pulled (PP into (S (VP discussing (NP (NP the possible *UNK )NP (PP of (NP nuclear weapons )NP )PP )NP (PP without (S (VP consulting (NP American allies )NP )VP )S )PP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Bush )NP (VP said (SBAR that (S (NP he )NP (VP *UNKED (NP (NP talks )NP (PP with (NP the Soviets )NP )PP (PP on (NP the informal meeting )NP )PP )NP (PP by (S (VP sending (NP (NP a proposal )NP )NP (PP to (NP Mr. Gorbachev )NP )PP (NP last July )NP , (SBAR (WHNP which )WHNP (S (NP the Soviet leader )NP (ADVP *UNKLY )ADVP (VP accepted )VP )S )SBAR )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S But (S (NP (NP word )NP (PP of (NP the possible session )NP )PP )NP (VP was (VP (ADVP closely )ADVP held (PP by (NP (NP the president )NP and (NP (NP a handful )NP (PP of (NP top aides )NP )PP )NP )NP )PP )VP )VP )S , and (S (NP (NP word )NP (PP of (NP it )NP )PP )NP (VP did n't (VP reach (NP many *UNK- officials )NP (PP until (NP the past few days )NP )PP )VP )VP )S . )S  STOP
(S (ADVP Indeed )ADVP , (NP many senior officials )NP (VP had (VP been (VP *UNKING (PP for (NP weeks )NP )PP (SBAR that (S (NP Mr. Bush )NP (VP was n't (ADJP interested (PP in (NP such an informal *UNK- )NP )PP )ADJP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (SBAR Though (S (NP (NP (NP President Bush 's )NP political critics )NP (PP at (NP home )NP )PP )NP (VP have (VP been (VP urging (NP him )NP (S (VP to (VP open (NP a (ADJP more direct )ADJP dialogue )NP (PP with (NP Mr. Gorbachev )NP )PP )VP )VP )S )VP )VP )VP )S )SBAR , (NP it )NP (ADVP actually )ADVP (VP was (NP (NP the arguments )NP (PP of (NP (NP leaders )NP (PP within (NP (NP the Soviet bloc )NP (NP itself )NP )NP )PP )NP )PP )NP (SBAR (WHNP that )WHNP (S (VP led (S (NP the president )NP (VP to (VP seek (NP the December meeting )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP Mr. Bush )NP (VP decided (SBAR (S (NP he )NP (VP wanted (NP the meeting )NP )VP )S )SBAR (PP after (S (VP talking (PP in (NP Europe )NP )PP (PP in (NP July )NP )PP (PP with (NP (NP the leaders )NP (PP of (NP Poland and Hungary )NP )PP , (SBAR (WHNP who )WHNP (S (VP urged (NP him )NP (S (VP (VP to (VP support (NP (NP Mr. Gorbachev 's )NP efforts (S (VP to (VP transform (NP the Soviet system )NP )VP )VP )S )NP )VP )VP and (VP to (VP urge (NP him )NP (S (VP to (VP *UNK (NP (NP his grip )NP (PP on (NP Eastern Europe )NP )PP )NP )VP )VP )S )VP )VP )VP )S )VP )S )SBAR )NP )PP )VP )S )PP )VP )S , (NP a senior aide )NP (VP said )VP . )S  STOP
(S (SBAR While (S (VP flying (ADVP home )ADVP (PP from (NP those discussions )NP )PP )VP )S )SBAR , (NP Mr. Bush )NP (VP *UNKED (NP (NP a letter )NP (PP to (NP Mr. Gorbachev )NP )PP (VP suggesting (NP (NP an informal *UNK- )NP (SBAR (S (VP to (VP *UNK (NP (NP their formal summit )NP (NP next year )NP )NP )VP )VP )S )SBAR )NP )VP )NP )VP . )S  STOP
(S (NP (NP Peter *UNKC )NP (PP in (NP Moscow )NP )PP )NP (VP contributed (PP to (NP this article )NP )PP )VP . )S  STOP
(S (NP *UNKC *UNKC *UNK *UNKC )NP (VP said (SBAR (S (NP (NP its potential losses )NP (PP from (S (VP lending (PP to (NP *UNKC )NP )PP )VP )S )PP )NP (VP could (VP reach (NP (NP (QP *UNKN trillion )QP lire )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP )VP )VP )S )SBAR , (S (VP *UNKING (NP (NP (NP the bank 's )NP first *UNK )NP (PP of (NP (NP potential costs )NP (PP of (NP (NP *UNKED lending )NP (PP by (NP its Atlanta branch )NP )PP )NP )PP )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (ADVP previously )ADVP (VP reported (SBAR that (S (NP its Georgia branch )NP (VP had (VP taken (PRT on )PRT (NP (NP loan commitments )NP (VP *UNKING (NP (QP $ 3 billion )QP )NP )VP )NP (PP without (NP (NP the *UNKED management 's )NP approval )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKED *UNKC )NP , (NP (NP Italy 's )NP largest bank )NP , )NP (VP has (VP filed (NP (NP charges )NP (PP against (NP (NP (NP (NP the branch 's )NP former manager )NP , (NP Christopher *UNKC )NP )NP , and (NP a former branch vice president )NP , )NP )PP (VP *UNKING (NP (NP fraud )NP and (NP (NP breach )NP (PP of (NP their *UNK duties )NP )PP )NP )NP )VP )NP )VP )VP . )S  STOP
(S (NP *UNKC )NP (ADVP also )ADVP (VP said (SBAR that (S (NP its board )NP (VP had (VP approved `` (PP after (NP an *UNK- discussion )NP )PP , '' (NP (NP a letter )NP (PP to (NP (NP the Bank )NP (PP of (NP Italy )NP )PP )NP )PP (VP *UNKING (NP (NP measures )NP (SBAR (S (NP the state-owned bank )NP (VP (VP has (VP taken )VP )VP or (VP plans (S (VP to (VP take )VP )VP )S )VP (S (VP to (VP improve (NP (NP controls )NP (PP on (NP its foreign branches )NP )PP )NP )VP )VP )S )VP )S )SBAR )NP )VP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The central bank )NP (VP had (VP ordered (NP BNL )NP (S (VP to (VP come (PRT up )PRT (PP with (NP a *UNK program )NP )PP (PP by (NP yesterday )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP (NP Bank )NP (PP of (NP Italy )NP )PP )NP (VP has (ADVP also )ADVP (VP ordered (NP BNL )NP (S (VP to (VP shore (PRT up )PRT (NP its capital base )NP (S (VP to (VP account (PP for (NP potential foreign loan losses )NP )PP )VP )VP )S )VP )VP )S )VP )VP )S , and (S (NP the *UNKC bank )NP (VP has (VP *UNKED (NP a (ADJP (QP 3 trillion )QP lire )ADJP *UNKING operation )NP )VP )VP )S . )S  STOP
(S (NP BNL )NP (VP was (ADJP unable (S (VP to (VP elaborate (PP on (SBAR (WHNP what measures )WHNP (S (VP were (VP planned (PP by (NP the bank )NP )PP (S (VP to (VP improve (NP (NP controls )NP (PP on (NP (NP its branches )NP (ADVP abroad )ADVP )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )PP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP *UNKLY a day )NP (VP *UNK (PP without (NP (NP news *UNK )NP (PP of (NP (NP the police )NP (VP *UNKING (NP *UNK protesters )NP (PP from (NP (NP some building or *UNK )NP (PP in (NP (NP one )NP (PP of (NP our cities )NP )PP )NP )PP )NP )PP )VP )NP )PP )NP )PP )VP . )S  STOP
(SINV (PP Of (NP recent note )NP )PP (VP are )VP (NP (NP the activities )NP (PP of (NP (NP the *UNK- and *UNK- )NP , (NP *UNK- activists )NP , (NP animal rights protesters )NP , (NP (NP college students )NP (ADJP concerned (PP about (NP *UNK )NP )PP )ADJP )NP , (NP *UNK- groups )NP , (NP various *UNKED `` environmentalists '' )NP and (NP (NP those )NP (ADJP *UNKED (PP with (NP (NP the pace )NP (PP of (NP (NP the war )NP (PP against (NP AIDS )NP )PP )NP )PP )NP )PP )ADJP )NP )NP )PP )NP . )SINV  STOP
(S (S (ADVP Maybe )ADVP (NP he )NP (VP did n't (VP start (NP it )NP )VP )VP )S , but (S (NP *UNKC Gandhi )NP (ADVP certainly )ADVP (VP provided (NP (NP a *UNK beginning )NP (PP to (NP (NP non-violent civil disobedience )NP (SBAR as (S (NP we )NP (VP know (NP it )NP (NP today )NP )VP )S )SBAR )NP )PP )NP )VP )S . )S  STOP
(S (NP (NP The *UNKC )NP (PRN , or `` (NP great *UNKED one )NP , '' )PRN )NP (VP *UNKED (NP (NP several campaigns )NP (PP of (NP *UNK resistance )NP )PP (PP against (NP (NP the British government )NP (PP in (NP India )NP )PP )NP )PP )NP )VP . )S  STOP
(S (ADVP Unfortunately )ADVP , (PP according (PP to (NP (NP Webster 's )NP *UNKC *UNKC )NP )PP )PP , `` (S (NP His policies )NP (VP (VP went (PP beyond (NP his control )NP )PP )VP and (VP resulted ... (PP in (NP *UNK and *UNK )NP )PP )VP )VP )S '' and (S (ADVP later )ADVP (NP (NP a renewed campaign )NP (PP of (NP civil disobedience )NP )PP )NP `` (VP resulted (PP in (NP (NP *UNKING )NP and (NP a second *UNK )NP )NP )PP )VP )S . '' )S  STOP
(S (S (NP I )NP (VP am not (NP (NP a *UNK )NP (PP of (NP (NP everything )NP (SBAR (S (NP Gandhi )NP (VP did )VP )S )SBAR )NP )PP )NP )VP )S , but (S (NP (NP some )NP (PP of (NP his law breaking )NP )PP )NP (VP was (ADJP *UNKED )ADJP (SBAR because (S (S (NP India )NP (VP was (ADVP then )ADVP (PP under (NP (NP *UNK )NP (PP by (NP a foreign power )NP )PP )NP )PP )VP )S , and (S (NP *UNKC )NP (VP were not (ADJP able (S (VP to (VP participate (ADVP fully )ADVP (PP in (NP (NP decisions )NP (SBAR (WHNP that )WHNP (S (VP (ADVP *UNKLY )ADVP affected (NP them )NP )VP )S )SBAR )NP )PP )VP )VP )S )ADJP )VP )S )S )SBAR )VP )S . )S  STOP
(S (NP (NP It )NP )NP (VP is (ADJP difficult )ADJP , (ADVP however )ADVP , (S (VP to (VP justify (NP (NP civil disobedience )NP , (ADJP non-violent or not )ADJP , )NP (SBAR (WHADVP where )WHADVP (S (NP citizens )NP (VP have (NP (NP full *UNK )NP (PP to (NP the *UNK box )NP )PP )NP (S (VP to (VP effect (NP change )NP )VP )VP )S )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (SBAR (WHADVP Where )WHADVP (S (NP (ADJP truly representative )ADJP governments )NP (VP are (VP *UNKED (PP by (NP (NP (NP constitutional *UNK )NP (PP of (NP human rights )NP )PP )NP and (NP (NP an independent *UNK )NP (SBAR (S (VP to (VP *UNK (NP those rights )NP )VP )VP )S )SBAR )NP )NP )PP )VP )VP )S )SBAR , (NP there )NP (VP is (NP (NP no excuse )NP (PP for (S (VP breaking (NP the law )NP (SBAR because (S (NP some individual or group )NP (VP *UNK (PP with (NP it )NP )PP )VP )S )SBAR )VP )S )PP )NP )VP . )S  STOP
(S (NP There )NP (VP may (VP be (NP (NP a few cases )NP (SBAR (WHADVP where )WHADVP (S (NP the law breaking )NP (VP is (ADJP (ADJP well *UNKED )ADJP and (ADJP (ADJP so completely *UNK- (PP of (NP (NP the rights )NP (PP of (NP others )NP )PP )NP )PP )ADJP (SBAR that (S (NP (NP it )NP )NP (VP is (ADJP difficult )ADJP (S (VP to (VP *UNK (NP it )NP )VP )VP )S )VP )S )SBAR )ADJP )ADJP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP The case )NP (PP of (NP (NP *UNKC *UNKC )NP , (NP (NP the black woman )NP (SBAR (WHNP who )WHNP (S (VP refused (S (VP to (VP sit (PP at (NP (NP the back )NP (PP of (NP the bus )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )NP )NP )PP , )NP (VP comes (PP to (NP mind )NP )PP (PP as (NP an *UNK )NP )PP )VP . )S  STOP
(S But (NP (NP most cases )NP (PP of (NP non-violent civil disobedience )NP )PP )NP (VP are (ADJP (ADVP not nearly so )ADVP *UNK )ADJP )VP . )S  STOP
(S (NP The public )NP (VP has (NP a *UNK (S (VP to (VP *UNK (NP *UNK demonstrations )NP (PP with (NP non-violent civil disobedience )NP )PP )VP )VP )S )NP )VP . )S  STOP
(S (S (NP (NP It )NP )NP (VP is (ADJP true )ADJP (SBAR that (S (NP both )NP (VP are (ADJP non-violent )ADJP )VP )S )SBAR )VP )S , but (S (NP there )NP (VP is (NP (NP a fundamental difference )NP (PP between (NP them )NP )PP )NP )VP )S . )S  STOP
(S (NP (NP *UNKC demonstrations )NP , (PP such as (NP (NP *UNK *UNKING )NP and (NP (NP other *UNK )NP (SBAR (WHNP that )WHNP (S (VP do not (VP (VP *UNK (NP the peace )NP )VP or (VP cause (NP a public *UNK )NP )VP or (VP *UNK (PP with (NP (NP the rights )NP (PP of (NP others )NP )PP )NP )PP )VP )VP )VP )S )SBAR )NP )NP )PP , )NP (VP are (NP (NP rights )NP (VP guaranteed (PP by (NP (NP any (ADJP truly free )ADJP system )NP (PP of (NP government )NP )PP )NP )PP )VP )NP )VP . )S  STOP
(S (NP (NP *UNKC disobedience )NP , (ADJP *UNK or non-violent )ADJP , )NP (VP is (NP *UNK law breaking )NP )VP . )S  STOP
(S (S (NP (NP The subject )NP (PP of (NP this discussion )NP )PP )NP (VP is (NP non-violent civil disobedience )NP )VP )S ; but , (S (SBAR before (S (NP we )NP (VP get (PRT on )PRT (PP with (NP that )NP )PP )VP )S )SBAR , (VP let (S (NP me )NP (VP make (NP (NP just a few *UNK remarks )NP (PP about (NP *UNK demonstrations )NP )PP )NP )VP )S )VP )S . )S  STOP
(S (S (NP They )NP (VP are (ADJP useful (S (VP to (VP call (NP public attention )NP (PP to (NP *UNK )NP )PP )VP )VP )S )ADJP )VP )S , but (S (NP they )NP (VP have (NP (NP little value )NP (PP in (S (VP *UNKING (NP anyone )NP (PP about (NP (NP the issues )NP (PP in (NP dispute )NP )PP )NP )PP )VP )S )PP )NP )VP )S . )S  STOP
(S (NP (NP The *UNK )NP (PP of (NP television )NP )PP (PP in (NP dramatic confrontation )NP )PP )NP (VP *UNK (NP (NP *UNK )NP (PP of (NP (NP (NP *UNK )NP (VP *UNKED (PP through (NP *UNK )NP )PP )VP )NP , (NP *UNK *UNK )NP , (NP *UNK signs )NP and (NP other (ADJP *UNKLY *UNKED )ADJP tactics )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKED *UNK )NP and (NP (NP an environment )NP (SBAR (WHADVP where )WHADVP (S (NP compromise )NP (VP can (VP begin )VP )VP )S )SBAR )NP )NP (VP are (VP lost (PP in (NP (NP a hostile *UNK )NP (VP *UNKED (PP by (NP *UNK media interviews )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (S (ADVP At best )ADVP , (NP demonstrations )NP (VP are (ADJP (ADJP *UNKED )ADJP and (ADJP *UNKLY *UNK )ADJP )ADJP )VP )S ; (S (ADVP at worst )ADVP , (NP they )NP (VP can (VP become (NP (NP the *UNK )NP (SBAR (WHNP that )WHNP (S (VP lead (PP to (NP law breaking )NP )PP )VP )S )SBAR )NP )VP )VP )S . )S  STOP
(S (NP *UNKC )NP (VP are (ADJP particularly *UNK (S (VP to (VP *UNK (PP into (NP criminal conduct )NP )PP )VP )VP )S )ADJP (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP (VP leave (NP (NP the site )NP (PP of (NP the *UNK )NP )PP )NP )VP and (VP become (ADJP *UNK )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP *UNKC *UNK )NP and (NP street people )NP )NP (VP looking (PP for (NP *UNK )NP )PP )VP )NP (VP (VP *UNK (NP themselves )NP (PP like (NP *UNK )NP )PP (PP to (NP (NP the *UNK )NP (PP of (NP the crowd )NP )PP )NP )PP )VP and (VP use (NP the protest )NP (PP as (NP (NP an excuse )NP (PP for (NP (NP *UNK throwing )NP , (NP auto *UNKING )NP , (NP *UNK )NP , (NP window breaking )NP , (NP *UNKING )NP , (NP *UNK picking )NP and (NP general *UNK )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (ADVP Soon )ADVP (NP (NP the whole purpose )NP (PP of (NP the *UNK )NP )PP )NP (VP is (VP lost (PP in (NP *UNK *UNK )NP )PP )VP )VP . )S  STOP
(S (NP There )NP (VP are (NP (NP better ways )NP (SBAR (S (VP to (VP promote (NP a cause )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (SBAR (WHADVP Where )WHADVP (S (NP (NP non-violent civil disobedience )NP )NP (VP is (NP the *UNK )NP , (PP rather than (NP (NP a *UNK *UNK )NP (SBAR (WHNP that )WHNP (S (VP may (ADVP only )ADVP (VP attract (NP crime )NP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR , (NP it )NP (VP is (ADJP difficult (SBAR (S (VP to (VP justify )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP Some )NP (VP find (NP no *UNK )NP (PP in (NP (NP the *UNK )NP (PP of (NP (NP *UNK )NP , (NP minor property destruction )NP , (S (VP blocking (NP traffic )NP )VP )S and (NP the like )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP They )NP (VP say (SBAR (S (NP these )NP (VP are (NP (NP small prices )NP (SBAR (S (VP to (VP pay (PP for (S (VP *UNKING (NP action )NP (PP for (NP the *UNK- cause )NP )PP )VP )S )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The crimes )NP (VP may (VP appear (ADJP small )ADJP )VP )VP )S , but (S (NP the prices )NP (VP can (VP be (ADJP huge )ADJP )VP )VP )S . )S  STOP
(SINV (ADVP Here )ADVP (VP are )VP (NP (NP two cases )NP (SBAR (S (VP to (VP *UNK )VP )VP )S )SBAR )NP . )SINV  STOP
(S (VP *UNKC (NP (NP a neighborhood *UNK )NP (SBAR (S (VP to (VP protest (NP (NP (NP *UNKING )NP (PP on (NP a certain road )NP )PP )NP or (NP (NP a *UNK accident )NP (PP involving (NP a police car )NP )PP )NP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The protesters )NP (VP (VP lie (ADVP down )ADVP (PP in (NP the street )NP )PP , (S (VP blocking (NP traffic )NP )VP )S )VP , and (VP will not (VP move (SBAR until (S (NP the authorities )NP (VP carry (NP them )NP (ADVP away )ADVP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (VP *UNKC (SBAR that (S (NP (NP someone )NP (VP caught (PP in (NP the *UNK )NP )PP )VP )NP (VP has (NP a heart attack )NP )VP )S )SBAR )VP . )S  STOP
(S (NP There )NP (VP is (NP (NP no way )NP (SBAR (S (VP to (VP get (NP an *UNK )NP (ADVP in )ADVP (ADVP quickly )ADVP (S (VP to (VP move (NP him )NP (PP to (NP a hospital )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP He )NP (VP *UNK )VP . )S  STOP
(S (S (NP The *UNK )NP (VP (VP was (ADJP non-violent )ADJP )VP and (VP involved (ADVP only )ADVP (NP a simple *UNK )NP )VP )VP )S , but (S (NP (NP its impact )NP (PP on (NP that individual )NP )PP )NP (VP was (ADJP *UNK and *UNK )ADJP )VP )S . )S  STOP
(S (VP *UNKC (SBAR that (S (NP a TV network )NP (VP is (VP *UNKING (NP (NP a *UNK interview program )NP (PP with (NP a live audience )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The *UNK )NP (VP *UNKING )VP )NP (VP (VP is (ADJP highly controversial )ADJP )VP and (VP has (ADVP recently )ADVP (VP generated (NP (NP a good deal )NP (PP of (NP *UNK )NP )PP (PP amid (NP certain groups )NP )PP )NP )VP )VP )VP . )S  STOP
(S (PP In (NP (NP a planned protest )NP (PP against (NP his appearance )NP )PP )NP )PP , (NP (NP several members )NP (PP of (NP the studio audience )NP )PP )NP (VP chain (NP themselves )NP (PP in (NP (NP front )NP (PP of (NP the TV *UNK )NP )PP )NP )PP (PP in (NP (NP such a way )NP (SBAR that (S (NP the program )NP (VP can not (VP continue )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The network )NP (VP (VP must (VP *UNK (NP money )NP (PP to (NP the advertisers )NP )PP )VP )VP and (VP *UNK (NP considerable revenue and *UNK )NP )VP )VP . )S  STOP
(S (S (NP The *UNK )NP (VP have (VP been (ADJP non-violent )ADJP )VP )VP )S , but (S (NP (NP the result )NP (PP of (NP their *UNK )NP )PP )NP (VP has (VP been (S (VP to (ADVP seriously )ADVP (VP *UNK (NP (NP the rights )NP (PP of (NP (NP others )NP (ADJP *UNKED (PP with (NP their dispute )NP )PP )ADJP )NP )PP )NP )VP )VP )S )VP )VP )S . )S  STOP
(S (S (NP It )NP (VP might (VP be (VP alleged (SBAR that (S (NP TV )NP (VP has (VP done (NP (NP more )NP (PP than (NP its share )NP )PP )NP (S (VP to (VP *UNK and promote (NP non-violent civil disobedience )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP )VP )S , so (S (NP (NP the second situation )NP (VP *UNKED (ADVP above )ADVP )VP )NP (VP would (VP be (ADVP simply )ADVP (NP (NP a case )NP (PP of `` (NP (NP *UNK )NP (VP coming (ADVP home )ADVP (S (VP to (VP *UNK )VP )VP )S )VP )NP )PP )NP )VP )VP )S . '' )S  STOP
(S Or (ADVP maybe )ADVP (NP the TV network )NP (VP would (VP lose (NP nothing )NP )VP )VP . )S  STOP
(S (NP *UNKC or *UNKC )NP (VP would (ADVP probably )ADVP (VP (VP pull (PRT up )PRT (NP another camera )NP )VP and (VP interview (NP the *UNKED protesters )NP )VP )VP )VP . )S  STOP
(S (VP Let (S (NP us )NP (VP look (PP for (NP a moment )NP )PP (PP at (NP (NP another type )NP (PP of (NP non-violent civil disobedience )NP )PP (SBAR (WHNP that )WHNP (S (VP (VP (ADVP only )ADVP *UNK (NP other people )NP (ADVP *UNKLY )ADVP )VP , yet (VP does (NP *UNK damage )NP (PP to (NP (NP the nation )NP (PP as (NP a whole )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )VP )S )VP . )S  STOP
(S (NP I )NP (VP am (VP referring (PP to (NP (NP those young men )NP (SBAR (WHNP who )WHNP (S (VP (VP chose (S (VP to (VP *UNK (NP (NP (NP their country 's )NP call )NP (PP to (NP arms )NP )PP )NP )VP )VP )S (PP during (NP the Vietnam war )NP )PP )VP and (VP fled (PP to (NP (NP Canada )NP or (NP some other *UNK )NP )NP )PP (S (VP to (VP avoid (NP combat )NP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP Their *UNKLY acts )NP (PP of (NP civil disobedience )NP )PP , (SBAR (WHNP which )WHNP (S (NP they )NP (VP tried (S (VP to (VP *UNK (PP under (NP (NP the *UNK )NP (PP of (NP (NP *UNK )NP (PP at (NP (NP a war )NP (SBAR (S (NP they )NP (VP *UNKED (PP as `` (ADJP *UNK )ADJP )PP )VP )S )SBAR )NP )PP )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR , '' )NP (VP (VP weakened (NP the national *UNK )NP )VP and (VP threw (NP additional *UNK )NP (PP on (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP served (ADVP *UNKLY )ADVP (PP in (NP that conflict )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(SINV (PP (ADVP Even more )ADVP at (NP *UNK )NP )PP (VP are )VP (NP (NP those leaders )NP (PP (PP in )PP and (PP out (PP of )PP )PP (NP government )NP )PP (SBAR (WHNP who )WHNP (S (VP urged and supported (NP their *UNK )NP , (S (VP (ADVP thereby )ADVP giving (NP great help and *UNK )NP (PP to (NP the *UNK *UNK )NP )PP )VP )S )VP )S )SBAR )NP . )SINV  STOP
(S (NP (NP It )NP )NP (VP is (ADJP *UNKING )ADJP (SBAR that (S (NP (NP the *UNKING mass *UNK )NP (PP in (NP Vietnam and *UNKC )NP )PP )NP (VP do not (VP weight (ADVP more heavily )ADVP (PP on (NP (NP minds )NP (ADJP so *UNKLY *UNKED )ADJP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP *UNKC )ADVP , (NP (NP it )NP )NP (VP remained (PP to (NP (NP a (ADJP *UNKING but *UNK )ADJP president )NP (PP of (NP the United States )NP )PP )NP )PP (S (VP to (VP *UNK (NP the final *UNK )NP (PP upon (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP fought and died (PP in (NP Vietnam )NP )PP )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP Under (NP (NP the *UNK )NP (PP of `` (S (VP *UNKING (NP (NP the *UNK )NP (PP of (NP the nation )NP )PP )NP )VP )S )PP )NP )PP , '' (NP President Carter )NP (VP *UNKED (NP (NP thousands )NP (PP of (NP *UNK *UNK )NP )PP )NP , (S (ADVP thus )ADVP (VP giving (NP *UNK )NP (PP to (NP (NP their allegations )NP (PP of (NP (NP the war 's )NP `` *UNK )NP )PP )NP )PP )VP )S )VP . '' )S  STOP
(SBARQ (S (NP The *UNK )NP (VP having (VP been (VP set )VP )VP )VP )S , (WHNP who )WHNP (SQ (VP can (VP complain (SBAR if (S (NP (NP future *UNK )NP (VP called (PP upon )PP (S (VP to (VP defend (NP the U.S. )NP )VP )VP )S )VP )NP (VP yield (PP to (NP the *UNK (S (VP to (VP avoid (NP (NP the danger )NP (PP of (NP combat )NP )PP )NP )VP )VP )S )NP )PP (PP by (S (ADVP simply )ADVP (VP (VP *UNKING (S (NP the war )NP (ADJP *UNK )ADJP )S )VP and (VP *UNKING (SBAR until (S (NP it )NP (VP is (ADVP over )ADVP )VP )S )SBAR )VP )VP )S )PP )VP )S )SBAR )VP )VP )SQ ? )SBARQ  STOP
(S (ADVP Finally )ADVP , (NP I )NP (VP think (SBAR (S (NP (NP it )NP )NP (ADJP important )ADJP (S (VP to (VP point (PRT out )PRT (NP (NP the (ADJP *UNKLY high )ADJP *UNK )NP (PP of (NP non-violent civil disobedience )NP )PP (PP in (NP (NP these days )NP (PP of (NP *UNK media coverage )NP )PP )NP )PP )NP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (S (VP *UNKC (NP television )NP (NP a chance (S (VP to (VP cover (ADVP live )ADVP (NP (NP any breaking )NP (PP of (NP the law )NP )PP )NP )VP )VP )S )NP )VP )S , and (S (NP no second *UNK )NP (VP will (VP be (VP required )VP )VP )VP )S . )S  STOP
(S (NP This )NP (VP brings (PP into (NP question )NP )PP (NP (NP the *UNK )NP (PP of (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP lead (NP civil disobedience demonstrations )NP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(SQ Do (NP they )NP (VP want (NP the *UNK )NP (PP (PP for (NP themselves )NP )PP or (PP for (NP their cause )NP )PP )PP )VP ? )SQ  STOP
(S (SINV (ADVP Here )ADVP (VP is )VP (NP (NP a good rule )NP (PP of (NP *UNK )NP )PP )NP )SINV : (S (SBAR If (S (NP the movement )NP (VP produced (NP the leader )NP )VP )S )SBAR , (NP the chance (SBAR that (S (NP he )NP (VP is (ADJP *UNK )ADJP )VP )S )SBAR )NP (VP is (ADJP (ADJP much greater )ADJP (PP than (SBAR if (S (NP the leader )NP (VP produced (NP the movement )NP )VP )S )SBAR )PP )ADJP )VP )S . )S  STOP
(S (PP In (NP either case )NP )PP , (VP ask (NP *UNK )NP (SBAR whether (S (NP you )NP (VP have (VP become (ADJP better informed (PP on (NP (NP the issues )NP (PP under (NP protest )NP )PP )NP )PP )ADJP (PP by (S (VP watching (NP (NP the act )NP (PP of (NP civil disobedience )NP )PP )NP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR If (S (NP you )NP (VP have not )VP )S )SBAR , (NP (NP it )NP )NP (VP is (ADJP *UNK )ADJP (SBAR that (S (NP (NP a *UNK airing )NP (PP of (NP the dispute )NP )PP (PP by (NP (ADJP *UNK and *UNK )ADJP debate )NP )PP )NP (VP would (VP have (VP been (NP the better course )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP was (NP (NP vice president )NP (PP of (NP the U.S. )NP )PP )NP (PP from (NP 1969 )NP )PP (SBAR until (S (NP he )NP (VP resigned (PP in (NP 1973 )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Gov. George *UNKC )NP and (NP key legislators )NP )NP (VP agreed (S (VP to (VP back (NP (NP a temporary *UNK- increase )NP (PP in (NP the state sales tax )NP )PP )NP (S (VP to (VP raise (NP (NP (QP $ 800 million )QP )NP (PP for (NP (NP repairs and relief )NP (VP associated (PP with (NP (NP last month 's )NP earthquake )NP )PP )VP )NP )PP )NP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP (NP The tax increase )NP , (SBAR (WHNP which )WHNP (S (VP will (VP be (VP considered (PP at (NP (NP a special session )NP (PP of (NP the state legislature )NP )PP (SBAR (WHNP that )WHNP (S (VP begins (NP tomorrow )NP )VP )S )SBAR )NP )PP )VP )VP )VP )S )SBAR , )NP (VP would (VP cover (NP (NP only part )NP (PP of (NP (NP the estimated (QP $ 4 billion to $ 6 billion )QP )NP (PP in (NP (NP total damage )NP (VP caused (PP by (NP the Oct. 17 quake )NP )PP )VP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (ADVP Aside (PP from (NP (NP (QP as much as $ *UNKN billion )QP )NP (PP in (NP (ADJP recently approved )ADJP federal aid )NP )PP )NP )PP )ADVP , (NP the state )NP (VP is (VP expected (S (VP to (VP draw (PP from (NP (NP a *UNK emergency fund )NP (SBAR (WHNP that )WHNP (S (ADVP currently )ADVP (VP stands (PP at (NP an estimated (QP $ 700 million )QP )NP )PP )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP I )NP (VP am not (ADJP aware (SBAR that (S (NP there )NP (VP is (NP (NP anything )NP but (NP (NP *UNK agreement )NP (PP for (NP (NP the general *UNK )NP '' (PP of (NP the *UNKING plan )NP )PP )NP )PP )NP )NP )VP )S )SBAR )ADJP )VP )S , (VP said )VP (NP (NP a spokesman )NP (PP for (NP the governor )NP )PP )NP , (PP after (NP (NP a Monday meeting )NP (PP with (NP legislative leaders )NP )PP (PP over (NP the *UNK- question )NP )PP )NP )PP . )SINV  STOP
(S (NP The tax increase )NP (PRN -- (PP on (NP (NP top )NP (PP of (NP the current (ADJP *UNK- (PP per (NP dollar )NP )PP )ADJP sales tax )NP )PP )NP )PP -- )PRN (VP would (VP (VP become (ADJP effective )ADJP (NP this Dec. 1 )NP )VP and (VP expire (NP Dec. 31 , 1990 )NP )VP )VP )VP . )S  STOP
(S (NP The *UNK- plan )NP (VP was (VP preferred (PP over (NP (NP an alternative )NP (SBAR (WHNP that )WHNP (S (VP would (VP have (VP boosted (NP the state gasoline tax )NP )VP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP Some legislators )NP (VP expressed (NP concern (SBAR that (S (NP a *UNK- increase )NP (VP would (VP (VP take (ADVP too long )ADVP )VP and (VP (ADVP possibly )ADVP damage (NP (NP chances )NP (PP of (NP (NP a major *UNKING *UNK initiative )NP (SBAR (WHNP that )WHNP (S (NP voters )NP (VP will (VP consider (NP next June )NP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP Despite (NP (NP continuing problems )NP (PP in (NP its *UNK business )NP )PP )NP )PP , (NP *UNKC Corp. )NP (VP posted (NP (NP a (ADJP 20 % )ADJP gain )NP (PP in (NP third-quarter net income )NP )PP )NP )VP . )S  STOP
(S (NP The (UCP *UNK- and newsprint )UCP company )NP (VP said (SBAR (S (NP net )NP (VP rose (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (ADVP (NP a year )NP ago )ADVP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Sales )NP (VP rose (NP *UNKN % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (PP After (NP (NP a flat second quarter )NP (VP tied (ADVP largely )ADVP (PP to (NP lower newsprint earnings )NP )PP )VP )NP )PP , (NP *UNKC )NP (VP attributed (NP the gain )NP (PP to (NP (NP improved results )NP (PP in (NP (NP its consumer businesses )NP (PP in (NP (NP North America )NP , (NP Brazil )NP and (NP Korea )NP )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP Those gains )NP (VP came (PP (PP from (NP (NP higher prices )NP , (PP (ADVP particularly )ADVP for (NP (NP *UNK *UNK )NP and (NP *UNK products )NP )NP )PP )NP )PP , and (PP from (NP (NP increased sales )NP , (PP (ADVP primarily )ADVP for (NP *UNK- products )NP )PP )NP )PP )PP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP *UNKC results )NP (VP continued (S (VP to (VP be (ADJP depressed )ADJP )VP )VP )S (PRN , (S (NP the company )NP (VP added )VP )S , )PRN (PP because of (NP *UNK price discounting )NP )PP )VP . )S  STOP
(S (NP The *UNK- comparison )NP (VP was (ADVP also )ADVP (VP enhanced (PP by (NP (NP charges )NP (VP taken (PP in (NP the year-earlier period )NP )PP )VP , (PP including (NP (NP (QP $ 11 million )QP )NP (ADJP related (PP to (NP (NP the *UNK )NP (PP of (NP (NP a pulp and newsprint mill )NP (PP in (NP *UNKC )NP )PP )NP )PP )NP )PP )ADJP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP the 1989 period )NP )PP (ADVP also )ADVP , (NP (NP interest expense )NP and (NP tax rates )NP )NP (VP were (ADJP (ADJP lower )ADJP (PP than (ADVP (NP a year )NP ago )ADVP )PP )ADJP )VP . )S  STOP
(S (PP In (NP the first nine months )NP )PP , (NP profit )NP (VP rose (NP 10 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP , (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )VP . )S  STOP
(S (NP Sales )NP (VP rose (NP *UNKN % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ 4 billion )QP )NP )PP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP , (NP *UNKC )NP (VP closed (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP , (ADVP up (NP $ 1.50 )NP )ADVP )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP are (VP coming (PP to (NP *UNKN taxpayers )NP )PP (PP as (NP research *UNK *UNK )NP )PP )VP )VP . )S  STOP
(S (S (NP This )NP (VP is (NP the year )NP )VP )S : (S (NP (NP *UNKING *UNK )NP (PP of (NP 1988 personal returns )NP )PP )NP (VP are (VP being (VP picked (ADVP *UNKLY )ADVP (PP for (NP *UNK *UNK )NP )PP (S (VP to (VP help (S (NP the IRS )NP (VP *UNK (NP (NP its *UNK )NP (PP for (NP (NP enforcement )NP , (NP audit *UNK )NP , and (NP (NP use )NP (PP of (NP resources )NP )PP )NP )NP )PP )NP )VP )S )VP )VP )S )VP )VP )VP )S . )S  STOP
(S (NP The last *UNKC *UNKC *UNKC *UNKC survey )NP (VP covered (NP 1985 returns )NP )VP . )S  STOP
(S (NP The *UNK- project )NP (VP (VP starts (NP Jan. 1 )NP )VP and (VP is (S (VP to (VP be (VP done (PP by (NP May 31 , 1991 )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP (ADJP *UNKLY *UNKED )ADJP IRS agents )NP (VP will (VP look (PP for (NP (NP *UNKED income )NP and (NP *UNKED deductions and credits )NP )NP )PP )VP )VP . )S  STOP
(S (S (NP The agents )NP (VP will (VP make (NP (NP (ADJP (ADVP more than )ADVP routine )ADJP inquiries )NP (PP about (NP (NP such items )NP (PP as (NP (NP *UNK status )NP and (NP *UNK )NP )NP )PP )NP )PP )NP )VP )VP )S ; (S (NP they )NP (VP want (S (VP to (VP look (PP at (NP (NP living standards )NP and (NP business assets )NP )NP )PP )VP )VP )S )VP )S . )S  STOP
(S But (NP they )NP (ADVP also )ADVP (VP are (S (VP (VP to (VP see (SBAR that (S (NP taxpayers )NP (VP get (NP all *UNK tax benefits )NP )VP )S )SBAR )VP )VP and (VP to (VP ask (SBAR if (S (NP (NP *UNK )NP (SBAR (WHNP who )WHNP (S (VP sought (NP IRS aid )NP )VP )S )SBAR )NP (VP were (ADJP *UNKED (PP with (NP it )NP )PP )ADJP )VP )S )SBAR )VP )VP )VP )S )VP . )S  STOP
(S (S (NP *UNKC )NP (VP have (VP ruled (SBAR that (S (NP taxpayers )NP (VP must (VP submit (PP to (NP *UNKC *UNK )NP )PP )VP )VP )S )SBAR )VP )VP )S , but (S (NP the IRS )NP (VP will (VP excuse (PP from (NP the *UNK *UNK )NP )PP (NP (NP anyone )NP (SBAR (WHNP who )WHNP (S (VP was (VP *UNKED (PP without (NP change )NP )PP (PP for (NP either 1986 or 1987 )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S . )S  STOP
(S (NP *UNKC )NP (VP have (VP been (VP (VP suggested )VP (PRN -- but (VP (ADVP never )ADVP adopted )VP -- )PRN (PP for (NP (NP *UNK )NP (SBAR (WHNP who )WHNP (S (VP come (PP through (NP *UNKC *UNK )NP )PP (PP without (NP change )NP )PP )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S (S (NP *UNKC *UNKC )NP (VP is (ADVP still )ADVP (ADJP likely )ADJP )VP )S , (NP congressional sources )NP (VP say )VP . )S  STOP
(S (NP *UNKED proposals (S (VP to (VP (VP *UNK (NP the (QP more than 150 )QP civil penalties )NP )VP and (VP make (S (NP them )NP (ADJP *UNK and easier (SBAR (S (VP to (VP *UNK )VP )VP )S )SBAR )ADJP )S )VP )VP )VP )S )NP (VP are (PP in (NP the House tax bill )NP )PP )VP . )S  STOP
(S But (NP they )NP (VP were (VP *UNKED (PP from (NP the Senate bill )NP )PP (SBAR after (S (NP staffers )NP (VP estimated (SBAR (S (NP penalty revenue )NP (VP would (VP fall (PP by (NP (QP $ *UNKN million )QP )NP )PP (PP over (NP five years )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP Still )ADVP , (NP congressional aides )NP (VP say (SBAR (S (NP penalty reform )NP (VP is (NP (NP a strong candidate )NP (PP for (NP *UNK )NP )PP )NP , (SBAR even if (FRAG not (NP this time around )NP )FRAG )SBAR , (SBAR although (S (NP some provisions )NP (VP may (VP be (VP *UNKED )VP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Sen. *UNKC )NP (PRN -LRB- (NP D. )NP , (NP *UNKC )NP -RRB- )PRN , (NP (NP a leader )NP (PP on (NP the issue )NP )PP (SBAR (WHNP who )WHNP (S (VP (ADVP generally )ADVP *UNK (NP the House plan )NP )VP )S )SBAR )NP , )NP (VP wants (NP (NP some changes )NP (PRN -- (PP for (NP one )NP )PP , (NP (NP (NP separate sanctions )NP (PP for (NP (NP *UNK )NP and (NP (NP large *UNK )NP (PP of (NP (NP tax )NP (VP owed )VP )NP )PP )NP )NP )PP )NP , not (NP a single penalty )NP )NP )PRN )NP )VP . )S  STOP
(S (NP He )NP (VP would (VP ease (NP (NP the proposed penalties )NP (PP (PP for (NP delayed *UNK- deposits )NP )PP and (PP for (NP (NP *UNK *UNKC *UNKN )NP and (NP (NP other reports )NP (SBAR (WHNP that )WHNP (S (NP taxpayers )NP (VP correct (ADVP *UNKLY )ADVP )VP )S )SBAR )NP )NP )PP )PP )NP )VP )VP . )S  STOP
(S (NP The General Accounting Office )NP (VP *UNK (NP Congress )NP (S (VP to (VP ensure (SBAR that (S (NP all penalties )NP (VP retain (NP (NP their force )NP (PP as (NP *UNK )NP )PP )NP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC ' )NP *UNKC )NP (VP are (VP defined (PP by (NP (NP a growing number )NP (PP of (NP states )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The 1988 tax act )NP (VP created (NP (NP a federal bill )NP (PP of (NP rights )NP )PP (VP *UNKING (PRT out )PRT (NP IRS duties (S (VP to (VP protect (NP (NP taxpayers ' )NP rights )NP (PP in (NP (NP the assessment and collection )NP (PP of (NP taxes )NP )PP )NP )PP )VP )VP )S )NP )VP )NP )VP . )S  STOP
(S (NP States )NP (VP are (VP following (NP suit )NP )VP )VP . )S  STOP
(S (NP California )NP (VP enacted (NP a rights law )NP (PP in (NP 1988 )NP )PP )VP . )S  STOP
(S (S (S (PP In (NP 1989 )NP )PP , (NP (NP Illinois )NP , (NP Kansas )NP , (NP Ohio )NP , (NP Oregon )NP and (NP South Carolina )NP )NP (VP have (VP adopted (NP rights laws )NP )VP )VP )S , (NP (NP (NP the Federation )NP (PP of (NP Tax *UNKC )NP )PP )NP , (NP (NP a state officials ' )NP group )NP , )NP (VP reports )VP )S ; (S (NP the features )NP (VP vary )VP )S . )S  STOP
(S And (NP *UNK groups )NP (VP are (VP urging (NP legislation )NP (PP in (NP many other states )NP )PP )VP )VP . )S  STOP
(S (NP One group )NP (VP is (NP (NP the Committee )NP (PP on (NP State *UNKC )NP )PP , (SBAR (WHNP which )WHNP (S (VP (VP *UNK (NP *UNKN *UNK corporations )NP )VP and (VP *UNK (NP (NP the Council )NP (PP of (NP (NP State *UNKC )NP (PP of (NP Commerce )NP )PP )NP )PP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP The group 's )NP Mark *UNKC )NP (VP says (SBAR (S (NP (NP its efforts )NP (VP begun (PP in (NP 1989 )NP )PP )VP )NP (VP have (VP led (PP to (NP (NP the introduction )NP (PP of (NP (NP bills )NP )NP )PP )NP )PP (PP in (NP Massachusetts , Minnesota and Colorado )NP )PP (SBAR (S (VP to (VP establish (NP (NP *UNKED procedures )NP (VP affecting (NP (NP all kinds )NP (PP of (NP taxpayers )NP )PP )NP )VP )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The group )NP (ADVP also )ADVP (VP seeks (NP (NP *UNK )NP (PP among (NP states )NP )PP (PP in (NP (NP provisions )NP (PP for (NP (NP taxpayers ' )NP rights )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP This week )NP , (NP New York City )NP (VP announced (NP (NP a *UNK- policy )NP (VP *UNKED (PP on (NP (NP the federal bill )NP (PP of (NP rights )NP )PP (PP for (NP taxpayers )NP )PP )NP )PP )VP )NP )VP . )S  STOP
(S (S (S (NP (NP THE *UNKC RATE )NP (VP allowed (PP for (NP (NP business use )NP (PP of (NP a car )NP )PP )NP )PP (PP in (NP 1989 )NP )PP )VP )NP (VP has (VP risen (PP to (NP (NP *UNKN cents )NP (NP a *UNK )NP (PP for (NP the first 15,000 )NP )PP )NP )PP (PP from (NP 24 cents )NP (PP in (NP 1988 )NP )PP )PP )VP )VP )S , (NP the IRS )NP (VP says )VP )S ; (S (NP the rate )NP (VP *UNK (NP (NP 11 cents )NP (PP for (NP each added *UNK )NP )PP )NP )VP )S . )S  STOP
(FRAG (ADVP Also )ADVP (ADJP *UNKED )ADJP : (NP (NP (NP 12 cents )NP (PP for (NP *UNK activities )NP )PP )NP and (NP (NP nine cents )NP (PP for (NP medical and moving costs )NP )PP )NP )NP . )FRAG  STOP
(S (NP IRA *UNKC )NP (VP could (VP be (VP used (S (VP to (VP qualify (PP for (NP bank services )NP )PP )VP )VP )S (PP under (NP (NP a bill )NP (VP entered (PP by (NP *UNKC (NX (NX (NX Chandler )NX (PRN -LRB- (NP R. )NP , (NP *UNKC . )NP -RRB- )PRN )NX and (NX (NX *UNKC )NX (PRN -LRB- (NP D. )NP , (NP Texas )NP -RRB- )PRN )NX )NX )NP )PP )VP )NP )PP )VP )VP )VP . )S  STOP
(S (NP The bill )NP (VP would (VP *UNK (NP a recent Labor Department opinion (SBAR that (S (S (VP investing (NP *UNK- funds )NP (S (VP to (VP earn (NP free *UNKING )NP )VP )VP )S )VP )S (VP *UNK (NP the law )NP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP *UNKC (NP vast *UNK )NP )VP . )S  STOP
(S (NP (NP South Carolina 's )NP congressional delegation )NP (VP has (VP entered (NP (NP Senate and House bills )NP (SBAR (S (VP to (VP provide (NP (NP special *UNK- treatment )NP and (NP other tax relief )NP )NP (PP for (NP (NP *UNK growers )NP (PP in (NP the hurricane disaster areas )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (S (S (NP *UNK )NP (VP *UNKC (NP *UNKC *UNKC )NP )VP )S , but (S (NP he )NP (VP could n't (VP milk (NP it )NP )VP )VP )S )S , (NP the Tax Court )NP (VP says )VP . )S  STOP
(S (S (NP The court )NP (ADVP often )ADVP (VP *UNK (NP (NP deductions )NP (PP of (NP *UNK- costs )NP )PP )NP )VP )S : (SQ Do (NP they )NP (VP stem (PP from (NP (NP a *UNKING activity )NP or (NP a *UNK *UNK )NP )NP )PP )VP )SQ ? )S  STOP
(S But (NP (NP it )NP )NP (VP 's (ADJP rare )ADJP (S (VP to (VP see (NP both functions )NP (PP in (NP one case )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP (NP Charles O. *UNKC )NP (PP of (NP (NP *UNKC *UNKC )NP , *UNKC )NP )PP )NP (PRN - (NP (NP investment broker )NP , (NP *UNK- )NP , and (NP (NP son )NP (PP of (NP a former stable owner )NP )PP )NP )NP - )PRN )NP (VP (VP *UNKED (NP Tennessee *UNKING *UNKC )NP (PP for (NP six years )NP )PP )VP , (VP raised (NP cattle )NP (PP for (NP four )NP )PP )VP , and (VP (ADVP never )ADVP made (NP a profit )NP (PP on (NP either )NP )PP )VP )VP . )S  STOP
(S (S (NP He )NP (VP claimed (NP (NP losses )NP (VP totaling (NP $ *UNKN )NP )VP )NP )VP )S -- and (S (NP the IRS )NP (VP denied (NP (NP them )NP (NP all )NP )NP )VP )S . )S  STOP
(S (NP *UNKC Judge *UNKC )NP (VP noted (SBAR that (S (S (NP *UNKC )NP (VP managed (NP *UNKING )NP (PP in (NP a *UNK way )NP )PP )VP )S : (S (NP He )NP (VP (VP kept (NP detailed accounts )NP )VP , (VP *UNKED (NP soil *UNK )NP )VP , (VP enhanced (NP his experience )NP (PP by (S (VP consulting (NP experts )NP )VP )S )PP )VP , (VP spent (NP (NP several hours )NP (NP a day )NP )NP (S (VP doing (NP *UNK )NP )VP )S )VP , and (VP dropped (NP the *UNK )NP (SBAR (WHADVP when )WHADVP (S (NP his best *UNK *UNK )NP (VP died )VP )S )SBAR )VP )VP )S )S )SBAR )VP . )S  STOP
(S (S Yet (NP he )NP (VP took (NP little *UNK care )NP (PP with (NP his cattle )NP )PP )VP )S : (S (NP He )NP (VP (VP had (NP no prior experience )NP )VP and (VP did n't (VP seek (NP (NP business counsel )NP (PP about (NP them )NP )PP )NP )VP )VP )VP )S . )S  STOP
(S (NP The judge )NP (VP (VP said (SBAR (S (NP *UNKC )NP (VP may (VP *UNK (NP (NP his $ *UNKN )NP (PP of (NP (NP losses )NP (PP from (NP horse *UNKING )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP , but (VP rejected (NP (NP the $ *UNKN )NP (PP in (NP (NP deductions )NP (PP from (NP the cattle operation )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(NP *UNKC : )NP  STOP
(S (NP The IRS )NP (ADVP already )ADVP (VP is (VP doing (NP (NP *UNK *UNKC *UNK )NP (PP of (NP (NP *UNKN returns )NP (PP for (NP (NP 1987 )NP and (NP fiscal 1988 )NP )NP )PP (VP filed (PP by (NP (NP corporations )NP (PP with (NP (NP (QP under $ 10 million )QP )NP (PP in (NP assets )NP )PP )NP )PP )NP )PP )VP )NP )PP )NP )VP )VP ... . )S  STOP
(S (NP President Bush )NP (VP says (SBAR (S (NP he )NP (VP will (VP name (NP Donald E. *UNKC )NP (PP to (NP (NP the new Treasury post )NP (PP of (NP *UNK general )NP )PP , (SBAR (WHNP which )WHNP (S (VP has (NP (NP responsibilities )NP (PP for (NP the IRS )NP )PP )NP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP ... . )S  STOP
(S (NP (NP The U.S. )NP and (NP Finland )NP )NP (VP signed (NP (NP an *UNK- treaty )NP , (ADJP subject (PP to (NP *UNK )NP )PP )ADJP )NP )VP . )S  STOP
(S (NP An *UNK )NP (VP (VP awarded (NP Eastern Airlines pilots )NP (NP (NP (QP between $ 60 million and $ 100 million )QP )NP (PP in (NP back pay )NP )PP )NP )VP , (NP (NP a decision )NP (SBAR (WHNP that )WHNP (S (VP could (VP *UNK (NP (NP the carrier 's )NP bankruptcy-law reorganization )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Eastern )NP , (NP (NP a unit )NP (PP of (NP Texas Air Corp. )NP )PP )NP , )NP (VP said (SBAR (S (NP it )NP (VP is (VP *UNKING (NP the ruling )NP (S (VP to (VP determine (SBAR if (S (NP it )NP (VP can (VP appeal )VP )VP )S )SBAR )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP It )NP )NP (VP 's (ADJP unclear )ADJP (SBAR whether (S (NP Eastern )NP (VP will (VP succeed (PP in (S (VP *UNKING (NP (NP (NP the *UNK 's )NP decision )NP , (VP made (PP in (NP (NP a *UNKING `` pay *UNK '' dispute )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP both (NP (NP the carrier 's )NP Chapter 11 *UNK )NP and (NP (NP its 1986 acquisition )NP (PP by (NP Texas Air )NP )PP )NP )NP )VP )S )SBAR )NP )PP )VP )NP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP All (NP Eastern 's )NP previous court efforts (S (VP to (VP head (PRT off )PRT (NP (NP the pilots ' )NP demands )NP )VP )VP )S )NP (VP have (VP failed )VP )VP . )S  STOP
(S (NP An Eastern spokesman )NP (VP said (SBAR (S (NP he )NP (VP does n't (VP expect (SBAR that (S (NP (NP the *UNK 's )NP ruling )NP `` (VP will (VP have (NP (NP any overall material effect )NP (PP on (NP (NP the company 's )NP strategic plan )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Bankruptcy experts )NP (VP said (SBAR (S (NP the law )NP (VP is n't (ADJP clear (PP on (SBAR (WHADVP how )WHADVP (S (NP such an *UNK ruling )NP (VP can (VP affect (NP (NP a company 's )NP case )NP )VP )VP )S )SBAR )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (PP Like (NP any other creditor )NP )PP , (NP the pilots )NP (VP will (VP have (S (VP to (VP apply (PP to (NP the court )NP )PP (PP for (NP (NP payment )NP (PP of (NP their claim )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP That )NP (VP may (VP leave (NP (NP a lot )NP (PP of (NP (NP *UNK )NP (SBAR for (S (NP U.S. Bankruptcy Judge *UNKC R. *UNKC )NP (VP to (VP decide (SBAR (WHNP what )WHNP , (S (SBAR if (FRAG (NP anything )NP )FRAG )SBAR , (NP the pilots )NP (ADVP actually )ADVP (VP collect )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (PP In (NP August )NP )PP , (NP he )NP (VP issued (NP (NP the ruling )NP (SBAR (WHNP that )WHNP (S (VP let (S (NP the pilots )NP (VP pursue (NP their *UNK- *UNK )NP (PP before (NP the *UNK )NP )PP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP (NP The pilots ' )NP contract )NP (PP with (NP Eastern )NP )PP )NP (VP calls (SBAR for (S (NP a (ADJP *UNKLY acceptable )ADJP private *UNK )NP (VP to (VP resolve (NP such *UNK )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP a statement )NP (PP to (NP employees )NP )PP )NP )PP , (NP Eastern )NP (VP said (SBAR (S (NP the company )NP (VP was (ADJP disappointed (PP by (NP the ruling )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP The obligation )NP (VP is (ADJP totally *UNKED )ADJP )VP )S , '' (NP the statement )NP (VP said )VP . )S  STOP
(S (NP (NP James *UNKC )NP , (NP (NP a lawyer )NP (PP for (NP the Air Line *UNKC Association )NP )PP )NP , )NP (VP said (SBAR (S (NP the pilots )NP (VP were (ADJP extremely pleased )ADJP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP This )NP (VP is (NP (NP a blow )NP (PP (CONJP not only )CONJP (PP to (NP Eastern )NP )PP but (PP to (NP the creditors committee )NP )PP )PP )NP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP (NP Eastern 's )NP creditors committee )NP , (ADVP along (PP with (NP the company )NP )PP )ADVP , (VP has (VP (ADVP consistently )ADVP opposed (NP (NP (NP the pilots ' )NP claim )NP , (SBAR (WHNP which )WHNP (S (SBAR if (S (VP paid )VP )S )SBAR (VP would (VP have (S (VP to (VP come (PP out (PP of (NP (NP money )NP (SBAR (S (NP both )NP (VP hope (S (VP to (VP use (S (VP to (VP pay (PRT off )PRT (NP other bankruptcy claims )NP )VP )VP )S )VP )VP )S )VP )S )SBAR )NP )PP )PP )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP Eastern )NP and (NP its creditors )NP )NP (VP are (PP in (NP (NP the final , *UNK stages )NP (PP of (S (VP negotiating (NP a second reorganization plan (S (VP to (VP pay (PRT off )PRT (NP (NP the airline 's )NP debts )NP )VP )VP )S )NP )VP )S )PP )NP )PP )VP . )S  STOP
(S (NP (NP An earlier plan )NP , (SBAR (WHNP which )WHNP (S (VP had (VP received (NP (NP the creditors ' )NP approval )NP (PP in (NP July )NP )PP )VP )VP )S )SBAR , )NP (VP fell (ADVP apart )ADVP (SBAR (WHADVP when )WHADVP (S (NP Eastern )NP (VP changed (NP its business plan )NP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP is n't (VP known (SBAR whether (S (NP the pilot claim )NP (VP was (VP figured (PP into (NP either plan )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP The dispute )NP (PP between (NP (NP Eastern )NP and (NP its pilots )NP )NP )PP )NP (VP is (PP over (NP (NP a `` pay parity '' *UNK )NP (PP in (NP (NP the pilots ' )NP contract )NP )PP )NP )PP )VP . )S  STOP
(S (NP The *UNK )NP (VP was (NP (NP part )NP (PP of (NP (NP an agreement )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP pilots )NP (VP accepted (NP a substantial pay cut )NP (ADVP (ADVP as long )ADVP (SBAR as (S (NP no other labor group )NP (VP got (NP a raise )NP )VP )S )SBAR )ADVP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (SBAR (ADVP *UNKLY )ADVP after (S (NP Texas Air )NP (VP took (NP (NP control )NP (PP of (NP Eastern )NP )PP )NP )VP )S )SBAR , (NP some Machinists union *UNK )NP (VP received (NP a (ADJP 20 % )ADJP pay raise )NP )VP . )S  STOP
(S (NP The pilots )NP (VP argued (SBAR that (S (NP this )NP (VP triggered (NP (NP a pay raise )NP (PP for (NP them )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Eastern )NP (VP has (VP disputed (NP the claim )NP )VP )VP )S , but (S (NP (NP a federal district court )NP , (NP an appeals court )NP and (ADVP now )ADVP (NP the arbitrator )NP )NP (VP have all (VP *UNKED (PP with (NP the pilots )NP )PP )VP )VP )S . )S  STOP
(S (NP The two sides )NP (VP do n't (ADVP even )ADVP (VP agree (PP about (SBAR (WHNP (WHADJP how much )WHADJP money )WHNP (S (VP is (PP at (NP issue )NP )PP )VP )S )SBAR )PP )VP )VP . )S  STOP
(S (S (NP The pilots )NP (VP put (NP the amount )NP (ADVP (ADVP as high )ADVP (PP as (NP (QP $ 100 million )QP )NP )PP )ADVP )VP )S , (S (NP the company )NP (PP at (NP (QP $ 65 million )QP )NP )PP )S . )S  STOP
(S (NP Another arbitrator )NP (VP is (VP hearing (NP (NP another pay parity case )NP (PP between (NP (NP Eastern )NP and (NP its pilots )NP )NP )PP , (VP resulting (PP from (NP (NP a similar set )NP (PP of (NP circumstances )NP )PP (VP involving (NP (NP a separate pay raise )NP (VP granted (NP another union )NP )VP )NP )VP )NP )PP )VP )NP )VP )VP . )S  STOP
(S (NP (NP A decision )NP (PP on (NP that case )NP )PP )NP (VP is n't (VP expected (PP before (NP *UNK- )NP )PP )VP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP (NP many )NP (PP of (NP (NP the pilots )NP (VP involved )VP )NP )PP )NP (VP (VP have (VP left (NP Eastern )NP )VP )VP or (VP are (ADVP still )ADVP (VP striking (NP (NP the carrier )NP , (SBAR (WHNP which )WHNP (S (VP filed (PP for (NP bankruptcy protection )NP )PP (NP March 9 )NP )VP )S )SBAR )NP )VP )VP )VP . )S  STOP
(S (NP (QP About 800 )QP )NP (VP have (VP (VP *UNKED (NP the *UNK lines )NP )VP and (VP returned (PP to (NP work )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP Few people )NP (PP in (NP the advertising business )NP )PP )NP (VP have (VP raised (NP (NP (ADJP as many )ADJP *UNK )NP (PP as (NP *UNKC A. Achenbaum )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP The general public )NP (VP may not (VP know (NP his name )NP )VP )VP )S , but (S (NP he )NP (VP 's (ADJP famous )ADJP (PRN -- (S (VP make (S (NP that )NP (ADJP *UNK )ADJP )S )VP )S -- )PRN (PP in (NP advertising *UNK )NP )PP )VP )S : (S (S (NP A marketing consultant )NP )S , (NP he )NP (VP *UNKED (S (VP *UNKING (NP ad agency commissions )NP )VP )S , (PP to (NP (NP (NP the *UNK )NP (PP of (NP advertising clients )NP )PP )NP and (NP (NP the *UNK )NP (PP of (NP agencies )NP )PP )NP )NP )PP )VP )S . )S  STOP
(S (ADVP Now )ADVP , (PP after (S (VP *UNKING (NP them )NP )VP )S )PP , (NP Mr. Achenbaum )NP (VP is (VP joining (NP them )NP )VP )VP . )S  STOP
(S (NP Backer Spielvogel Bates *UNKC )NP (VP named (S (NP (NP Mr. Achenbaum )NP , (NP 62 )NP , )NP (NP (NP vice chairman )NP (PP of (NP professional services )NP )PP , (VP reporting (ADVP directly )ADVP (PP to (NP (NP Carl Spielvogel )NP , (NP (NP chairman )NP and (NP chief executive officer )NP )NP )NP )PP )VP )NP )S )VP . )S  STOP
(S (NP He )NP (VP *UNK (NP Nov. 13 )NP , (S (VP *UNKING (NP (NP his consulting firm )NP , (NP *UNKC , Achenbaum Associates )NP )NP )VP )S )VP . )S  STOP
(S (PP In (NP (NP years )NP (ADJP past )ADJP )NP )PP , (NP (NP the ad industry 's )NP (ADJP most *UNKED )ADJP executives )NP (VP did n't (VP *UNK (S (VP to (VP *UNK (NP Mr. Achenbaum )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP They )NP (VP have (ADVP since )ADVP (VP *UNKED , (SBAR although (S (NP one senior Young & Rubicam executive )NP , (S (VP *UNKING (NP others )NP )VP )S , (VP said : `` (S (NP I )NP (VP think (SBAR (S (NP ad agencies )NP (VP *UNK (NP Carl -LCB- Spielvogel -RCB- )NP (NP (NP a vote )NP (PP of (NP (NP thanks )NP (PP for (S (VP getting (NP him )NP (PP out (PP of (NP the consulting business )NP )PP )PP )VP )S )PP )NP )PP )NP )VP )S )SBAR )VP )S )VP )S )SBAR )VP )VP . '' )S  STOP
(S But (NP industry executives )NP (ADVP also )ADVP (VP believe (SBAR (S (S (VP hiring (NP Mr. Achenbaum )NP )VP )S (VP is (NP (NP a *UNK move )NP (PP for (NP (NP Backer Spielvogel )NP , (NP (NP a unit )NP (PP of (NP Saatchi & Saatchi )NP )PP )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Achenbaum )NP (VP has (VP counted (PP among (NP his clients )NP )PP (NP (NP some )NP (PP of (NP (NP the (ADJP most visible )ADJP blue-chip advertisers )NP (PP in (NP the country )NP )PP , (PP including (NP (NP Nissan )NP , (NP Toyota )NP , (NP Seagram )NP and (NP Backer Spielvogel clients (NX (NX Hyundai )NX and (NX *UNKC Morgan )NX )NX )NP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (S (PP At (NP Backer Spielvogel )NP )PP , (NP he )NP (VP will (VP work (PP with (NP (NP clients )NP and (NP potential clients )NP )NP )PP (PP on (NP marketing strategies )NP )PP )VP )VP )S ; (S (ADVP aside (PP from (NP agency compensation issues )NP )PP )ADVP , (NP he )NP (VP helped (S (NP Nissan )NP , (PP for (NP example )NP )PP , (VP come (PRT up )PRT (PP with (NP (NP its *UNKING and pricing )NP (PP for (NP its new Infiniti line )NP )PP )NP )PP )VP )S )VP )S . )S  STOP
(S (NP His client *UNK )NP , (ADVP meanwhile )ADVP , (VP could (VP prove (NP (NP a gold mine )NP (PP for (NP (NP an agency )NP (SBAR (WHNP that )WHNP (S (VP has (VP had (NP few new business wins )NP (PP of (ADVP late )ADVP )PP )VP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S `` (S (S (NP I )NP (VP 've (VP done (NP (QP over 40 )QP ad agency *UNK )NP -LCB- (PP for (NP clients )NP )PP -RCB- )VP )VP )S , so (S (NP I )NP (VP have (NP (NP a (ADJP pretty good )ADJP notion )NP (PP of (SBAR (WHNP what )WHNP (S (NP clients )NP (VP are (VP interested (PP in )PP (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP look (PP for (NP an agency )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )PP )NP )VP )S )S , '' (NP Mr. Achenbaum )NP (VP said )VP . )S  STOP
(S (PP As (NP a consultant )NP )PP , (NP he )NP (VP has (VP given (NP (NP *UNK )NP )NP (PP at (NP (NP agencies )NP (PP including (NP Ogilvy & Mather )NP )PP )NP )PP (PP on (SBAR (WHADVP how )WHADVP (S (VP to (VP win (NP new business )NP )VP )VP )S )SBAR )PP )VP )VP . )S  STOP
(S (NP Mr. Spielvogel )NP (VP said (SBAR (S (NP he )NP (VP hopes (SBAR (S (NP Mr. Achenbaum )NP (VP will (VP do (NP some strategic consulting )NP (PP at (NP the agency )NP )PP (PP for `` (NP *UNK- )NP )PP , (PP in (NP hopes (SBAR that (S (NP they )NP (VP become (NP clients )NP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (PP At (NP Backer Spielvogel )NP )PP , (NP (NP Mr. Spielvogel 's )NP *UNK )NP (VP has (VP been (NP (NP personal involvement )NP (PP with (NP all major clients )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP He )NP (VP *UNK (NP them )NP )VP )S ; (S (NP he )NP (VP *UNK (NP them )NP (PP to (NP *UNK parties )NP )PP )VP )S ; (S (NP he )NP (VP *UNK (NP them )NP )VP )S . )S  STOP
(S (NP Mr. Achenbaum )NP , (ADVP too )ADVP , (VP *UNK (PP into (NP (NP his clients ' )NP business )NP )PP )VP . )S  STOP
(S `` (NP Carl )NP (VP has (NP (NP a (ADJP much higher )ADJP degree )NP (PP of (NP (NP *UNK )NP (PP with (NP his clients )NP )PP )NP )PP (SBAR than (S (VP is (ADJP ordinary )ADJP (PP for (NP (NP an agency )NP (NP his size )NP )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(SINV (S And (PP with (NP (NP (NP *UNK 's )NP record )NP (PP of (S (VP being (NP (NP a *UNK )NP and (NP a detail guy )NP )NP )VP )S )PP )NP )PP , (NP you )NP (VP can (VP see (SBAR (WHADVP how )WHADVP (S (NP the two )NP (VP fit )VP )S )SBAR )VP )VP )S , '' (VP said )VP (NP (NP Alan *UNKC )NP , (NP (NP an analyst )NP (PP with (NP PaineWebber )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP Mr. Achenbaum 's )NP move )NP (VP follows (NP (NP the announcement )NP (NP last month )NP (SBAR that (S (NP (NP his consulting partner )NP , (NP Stanley *UNKC )NP , (NP 66 )NP , )NP (VP would (VP retire )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (SBAR (WHADVP When )WHADVP (S (NP the announcement )NP (VP came (ADVP out )ADVP )VP )S )SBAR , `` (NP I )NP (VP (VP picked (PRT up )PRT (NP the phone )NP )VP and (VP said , ` (SBARQ (WHADVP Why )WHADVP (SQ do n't (NP you )NP (VP come (PP to (NP us )NP )PP )VP )SQ ? )SBARQ ' )VP )VP '' )S (NP Mr. Spielvogel )NP (VP said )VP . )S  STOP
(S (NP (NP Mr. Achenbaum )NP , (SBAR (WHNP who )WHNP (S (VP had (VP been (VP considering (S (VP (VP *UNKING (PRT down )PRT (NP his firm )NP )VP or (VP *UNKING (NP it )NP (PP with (NP another small consulting *UNK )NP )PP )VP )VP )S )VP )VP )VP )S )SBAR , )NP (ADVP soon )ADVP (VP agreed )VP . )S  STOP
(S (NP The two men )NP (VP are (NP longtime friends and *UNK partners )NP , (S (VP having (VP met (ADVP (NP (QP about 25 )QP years )NP ago )ADVP )VP )VP )S )VP . )S  STOP
(S (PP Before (S (VP becoming (NP a consultant )NP (PP in (NP 1974 )NP )PP )VP )S )PP , (NP Mr. Achenbaum )NP (VP was (NP (NP a senior executive )NP (PP at (NP J. Walter Thompson Co )NP )PP )NP )VP . )S  STOP
(S (NP He )NP (VP (VP spent (NP (NP most )NP (PP of (NP his career )NP )PP )NP (S (VP *UNKING (NP marketing strategies )NP )VP )S )VP , but (VP became (ADJP *UNK- (PP for (S (VP *UNKING (ADVP away )ADVP (PP at (NP ad agency compensation )NP )PP )VP )S )PP )ADJP )VP )VP . )S  STOP
(S (S (NP Ad agencies )NP (ADVP typically )ADVP (VP earned (NP a straight (ADJP 15 % )ADJP commission )NP )VP )S ; (S (SBAR if (S (NP a client )NP (VP spent (NP (QP $ 100 million )QP )NP (PP on (NP TV time )NP )PP )VP )S )SBAR , (NP the agency )NP (VP made (NP (QP $ 15 million )QP )NP )VP )S . )S  STOP
(S But (NP Mr. Achenbaum )NP (VP *UNKED (NP (NP negotiated fees )NP , (SBAR (WHNP which )WHNP (S (ADVP often )ADVP (VP worked (PRT out )PRT (PP to (NP (QP less than 15 )QP % )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP More recently )ADVP , (NP he )NP (VP negotiated (NP (NP `` *UNK '' *UNK )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP an ad agency )NP (PP in (NP some cases )NP )PP (VP must (VP pay (NP a client )NP (SBAR if (S (NP it )NP (VP *UNK (NP the account )NP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP He )NP (ADVP ultimately )ADVP (VP became (ADJP (ADJP so well-known (PP for (S (VP cutting (NP compensation )NP )VP )S )PP )ADJP (PRN , (ADVP however )ADVP , )PRN (SBAR that (S (NP clients )NP (VP did n't (VP seek (NP him )NP (PRT out )PRT (PP for (NP (NP anything )NP (ADJP else )ADJP )NP )PP )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S `` (S (NP I )NP (VP was (ADJP very *UNKED )ADJP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S `` (NP (NP The fact )NP (PP of (NP the matter )NP )PP )NP (VP is , (SBAR (S (NP I )NP (VP am (NP a *UNK )NP )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP 's (NP (NP another reason )NP -LCB- (PP for (NP the Backer Spielvogel job )NP )PP -RCB- )NP )VP . )S  STOP
(S (NP It )NP (VP struck (NP me )NP (PP as (NP (NP a way )NP (SBAR (S (VP to (VP get (ADVP back (PP to (SBAR (WHNP what )WHNP (S (NP I )NP (ADVP really )ADVP (VP want (S (VP to (VP do )VP )VP )S )VP )S )SBAR )PP )ADVP )VP )VP )S )SBAR )NP )PP )VP . '' )S  STOP
(S (NP Mr. Spielvogel )NP (VP added (ADVP *UNKLY )ADVP : `` (S (NP (NP The pressure )NP (PP on (NP commissions )NP )PP )NP (VP did n't (VP begin (PP with (NP *UNK Achenbaum )NP )PP )VP )VP )S )VP . '' )S  STOP
(S (NP Mr. Spielvogel )NP (VP said (SBAR (S (NP Mr. Achenbaum )NP (VP will (VP work (PP with (NP clients )NP )PP (S (VP (VP to (VP determine (NP (NP the mix )NP (PP of (NP (NP promotion )NP , (NP *UNKING )NP , (NP publicity )NP and (NP other marketing outlets )NP )NP )PP )NP )VP )VP , and (VP to (VP *UNK (NP those services )NP )VP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP will (VP concentrate (PP on (PRN , (PP among (NP others )NP )PP , )PRN (NP (NP *UNKC Morgan )NP and (NP Hyundai )NP )NP )PP )VP )VP . )S  STOP
(S (S (NP Mr. Achenbaum )NP (VP helped (NP Morgan )NP (PP in (NP its recent agency search )NP )PP )VP )S , and (S (NP he )NP (VP has (NP (NP a long relationship )NP (PP with (NP (NP Hyundai )NP , (SBAR (WHNP which )WHNP (S (VP is (VP having (NP (NP severe troubles )NP , (PP including (NP declining sales )NP )PP )NP )VP )VP )S )SBAR )NP )PP )NP )VP )S . )S  STOP
(S `` (S (NP (NP The *UNK )NP (PP of (NP revenue )NP )PP )NP (VP is (ADVP increasingly )ADVP (VP (VP going (ADVP away (PP from (NP *UNK advertising )NP )PP )ADVP )VP , and (VP going (PP *UNK (NP other services )NP )PP )VP )VP )VP )S , '' (NP Mr. Spielvogel )NP (VP said )VP . )S  STOP
(S (PP Instead of (S (VP being (NP just an ad agency )NP )VP )S )PP , (PRN (NP he )NP (VP said )VP )PRN : `` (NP We )NP (VP have (VP *UNKED (NP (NP our mission )NP (ADVP here )ADVP )NP )VP )VP . )S  STOP
(S (NP Our mission )NP (VP is (S (VP (VP to (VP help (S (NP our clients )NP (VP grow )VP )S )VP )VP , and (VP to (VP use (NP (NP every tool )NP (PP of (NP marketing communications )NP )PP )NP (S (VP to (VP *UNK (NP that )NP )VP )VP )S )VP )VP )VP )S )VP . '' )S  STOP
(S (NP Industry executives )NP (VP are (VP *UNKING (NP Mr. Achenbaum )NP (ADVP well )ADVP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP *UNK- )NP (PP of (NP (NP the American Association )NP (PP of (NP Advertising *UNKC )NP )PP )NP )PP )NP , )NP (VP called (S (NP Mr. Achenbaum )NP (NP a `` *UNKING '' )NP )S (PP in (NP an *UNK 1987 speech )NP )PP )VP . )S  STOP
(S (NP Yesterday )NP , (NP (NP Mr. *UNKC )NP , (ADVP now )ADVP (NP (NP a consultant )NP (PP with (NP the (NAC Stamford , Conn. , )NAC firm *UNKC & *UNKC )NP )PP )NP , )NP (VP *UNKED , `` (S (NP I )NP (VP think (SBAR (S (NP he )NP (VP 'll (VP be (ADJP very good (PP at (NP that -LCB- new job -RCB- )NP )PP )ADJP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(FRAG And (ADJP (ADJP much better (PP at (NP that )NP )PP )ADJP (PP than (PP at (NP -LCB- (NP the *UNKING )NP -RCB- (SBAR (S (NP he 's )NP (VP been (VP doing (ADVP recently )ADVP )VP )VP )S )SBAR )NP )PP )PP )ADJP . '' )FRAG  STOP
(NP *UNKC Inc . *UNKC )NP  STOP
(S (NP (NP *UNKC Inc. )NP , (NP (NP the *UNK company )NP (SBAR (WHNP that )WHNP (S (VP represents (NP cotton growers )NP )VP )S )SBAR )NP , )NP (VP will (VP begin (NP (NP a new ad campaign )NP , (VP developed (PP by (NP Ogilvy & Mather )NP )PP )VP , )NP (NP *UNKING Day )NP )VP )VP . )S  STOP
(S (NP (NP J. Nicholas *UNKC )NP , (NP (NP *UNKC Inc. 's )NP (NX (NX president )NX and (NX chief executive )NX )NX )NP , )NP (VP was (NP (NP an *UNK critic )NP (PP of (NP (NP (NP WPP Group 's )NP acquisition )NP (PP of (NP Ogilvy Group )NP )PP (NP earlier this year )NP )NP )PP )NP )VP . )S  STOP
(S (S (PP During (NP the takeover )NP )PP , (NP Mr. *UNKC )NP (VP said (SBAR (S (NP he )NP (VP would (VP put (NP his account )NP (PP up (PP for (NP review )NP )PP )PP (SBAR if (S (NP (NP WPP 's )NP bid )NP (VP were (ADJP successful )ADJP )VP )S )SBAR )VP )VP )S )SBAR )VP )S , but (S (NP he )NP (VP did n't )VP )S . )S  STOP
(S (NP (NP *UNKC Inc. 's )NP new (ADJP (QP $ 9 million )QP )ADJP campaign )NP (VP calls (S (NP cotton )NP (NP (NP the `` *UNKC )NP (PP of (NP Our *UNKC )NP )PP )NP )S )VP . '' )S  STOP
(S (NP The campaign )NP (VP (VP *UNK (NP its `` (S (VP *UNKC (NP *UNKC )NP (PP in (NP *UNKC )NP )PP )VP )S '' ads )NP )VP and (VP marks (NP (NP the end )NP (PP of (NP its national cooperative advertising efforts )NP )PP )NP )VP )VP . )S  STOP
(S (S (PP For (NP years )NP )PP , (NP (NP the company 's )NP ads )NP (VP were (VP tied (PRT in )PRT (PP with (NP (NP *UNK )NP (PP for (NP (NP *UNKC sheets )NP or (NP *UNKC *UNK )NP (PRN , (PP for (NP example )NP )PP , )PRN )NP )PP )NP )PP )VP )VP )S and (S (NP (NP an *UNK )NP (PP at (NP (NP the end )NP (PP of (NP the ads )NP )PP )NP )PP )NP (VP would (VP tell (NP customers )NP (SBAR (WHADVP where )WHADVP (S (VP to `` (VP find (NP the true performance label )NP )VP )VP )S )SBAR )VP )VP )S . '' )S  STOP
(S (PP With (NP the new TV spots )NP )PP , (NP Ogilvy & Mather )NP (VP has (VP *UNKED (PP for (NP (NP a family style )NP (PP with (NP (NP lots )NP (PP of (NP *UNK , *UNK and *UNK )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP 're (VP making (NP (NP a (ADJP fairly obvious )ADJP plea )NP (PP for (NP some emotional reaction )NP )PP )NP )VP )VP )S , '' (VP says )VP (NP (NP Tom *UNKC )NP , (NP (NP creative director )NP (PP at (NP Ogilvy & Mather )NP )PP )NP )NP . )SINV  STOP
(S (NP Cotton Inc. )NP (VP will (VP spend (NP (QP nearly $ 2 million )QP )NP (PP on (NP broadcasting )NP )PP (PP on (NP (NP *UNKING Day )NP (ADVP alone )ADVP )NP )PP , (S (VP advertising (PP on (NP (NP such programs )NP (PP as (NP `` (NP *UNKC *UNKING America )NP , '' `` (NP (NP *UNKC 's )NP *UNKING Day *UNKC )NP '' and (NP the NFL holiday game )NP )NP )PP )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP Frank *UNKC )NP (VP *UNKC (PP at (NP 49 )NP )PP )VP )S  STOP
(S (NP (NP Frank L. *UNKC )NP , (NP (NP one )NP (PP of (NP (NP the *UNK )NP (PP of (NP (NP advertising )NP (VP targeted (PP at (NP black audiences )NP )PP )VP )NP )PP )NP )PP )NP , )NP (VP died (PP at (NP (NP the age )NP (PP of (NP 49 )NP )PP )NP )PP (PP after (NP a *UNK )NP )PP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP was (NP (NP chief executive officer )NP (PP of (NP (NP the *UNKC Group )NP , (SBAR (SBAR (WHNP which )WHNP (S (NP he )NP (VP founded (PP in (NP 1977 )NP )PP )VP )S )SBAR and (SBAR (WHNP which )WHNP (S (VP created (NP (NP ads )NP (PP for (NP the black market )NP )PP )NP )VP )S )SBAR )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP include (NP (NP Miller Brewing Co. )NP and (NP General Motors )NP )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP (VP was (VP *UNKED (NP Sept. 23 )NP )VP )VP and (VP died (NP Monday )NP )VP , (PP according (PP to (NP (NP Samuel J. *UNKC )NP , (NP (NP the agency 's )NP (NX (NX president )NX and (NX chief operating officer )NX )NX )NP )NP )PP )PP )VP . )S  STOP
(NP Ad Notes ... . )NP  STOP
(NP *UNKC : )NP  STOP
(S (NP (NP *UNKC Group Inc. )NP , (NP New York )NP , )NP (VP reported (SBAR (S (NP third-quarter net income )NP (VP rose (NP 54 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 22 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ 3.6 million )QP )NP , or (NP (NP 15 cents )NP (NP a share )NP )NP )NP , (ADVP (NP a year )NP earlier )ADVP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Revenue )NP (VP increased (NP 20 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP (NP Prime Minister Lee *UNKC *UNKC )NP , (NP (NP (NP Singapore 's )NP leader )NP and (NP (NP one )NP (PP of (NP (NP Asia 's )NP leading *UNK )NP )PP (PP for (NP 30 years )NP )PP )NP )NP , )NP (ADVP recently )ADVP (VP announced (NP his intention (S (VP (VP to (VP retire (NP next year )NP )VP )VP (PRN -- (ADVP though )ADVP (ADVP not necessarily )ADVP (VP to (VP end (NP his influence )NP )VP )VP )PRN )VP )S )NP )VP . )S  STOP
(S (NP (NP The prime minister )NP , (SBAR (SBAR (WHNP whose hair )WHNP (S (VP is (UCP (VP *UNKING )VP and (ADJP *UNK )ADJP )UCP )VP )S )SBAR and (SBAR (WHNP whose face )WHNP (S (VP has (NP a *UNK *UNK )NP )VP )S )SBAR )SBAR , )NP (ADVP nonetheless )ADVP (VP continues (S (VP to (VP display (NP (NP an energy )NP , (NP (NP a *UNK )NP (PP of (NP thought )NP )PP )NP and (NP a *UNK (S (VP to (VP say (ADVP publicly )ADVP (SBAR (WHNP what )WHNP (S (NP most other Asian leaders )NP (VP *UNK (S (VP say (ADVP only privately )ADVP )VP )S )VP )S )SBAR )VP )VP )S )NP )NP )VP )VP )S )VP . )S  STOP
(S (NP The *UNK- Mr. Lee )NP (ADVP recently )ADVP (VP spent (NP an hour )NP (S (VP discussing (NP (NP the state )NP (PP of (NP (NP Asia )NP and (NP the world )NP )NP )PP )NP (PP with (NP two Journal reporters )NP )PP (PP in (NP his (ADJP *UNKLY *UNKED )ADJP , *UNKED office )NP )PP )VP )S )VP . )S  STOP
(S (NP The interview )NP (VP did not (VP touch (PP on (NP (NP Singapore 's )NP domestic affairs )NP )PP )VP )VP . )S  STOP
(S (S (VP *UNKING (NP personal *UNK )NP )VP )S , (NP Mr. Lee )NP (VP picked (PRT up )PRT (SBAR (WHADVP exactly where )WHADVP (S (NP he )NP (VP left (PRT off )PRT (ADVP (NP several months )NP earlier )ADVP (PRN -- (PP before (NP (NP the government *UNK )NP (PP in (NP China )NP )PP )NP )PP -- )PRN (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP had (VP warned (SBAR that (S (NP (NP the *UNK leadership )NP (PP in (NP Beijing )NP )PP )NP (VP feared (NP (NP a *UNK )NP (PP of (NP views )NP )PP )NP )VP )S )SBAR )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP follow )VP : )S  STOP
(S (PP On (NP (NP China 's )NP turmoil )NP )PP : `` (S (NP It )NP (VP is (NP a (ADJP very *UNK )ADJP scene )NP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S `` (S (NP It )NP (VP took (NP (NP *UNKC *UNKC )NP (PRN -LRB- (NP former *UNK and party chief )NP -RRB- )PRN )NP (NP 10 years )NP (S (VP to (VP build (NP (NP a team )NP (PP of (NP (NP economists )NP (SBAR (WHNP who )WHNP (S (VP understood (SBAR (WHADVP how )WHADVP (S (NP the Western economies )NP (VP work )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP )S and (S (ADVP now )ADVP (NP that team )NP (VP is (NP (NP (NP part )NP (PP in (NP *UNK )NP )PP )NP , (NP (NP part )NP (VP being (VP *UNKED )VP )VP )NP and (NP (NP part )NP (ADJP missing )ADJP )NP )NP )VP )S . '' )S  STOP
(S (S (VP *UNKING (NP that team )NP )VP )S , (PRN (S (NP Mr. Lee )NP (VP predicted )VP )S , )PRN (VP will (VP take (NP another 10 years )NP )VP )VP . )S  STOP
(S `` (NP That )NP (VP 's (ADJP very *UNK )ADJP (PP (PP for (NP China )NP )PP and (PP for (NP Asia )NP )PP )PP (SBAR because (S (NP China )NP (VP could (VP have (VP been (NP (NP a good engine )NP (PP for (NP growth )NP )PP )NP , (PP (CONJP not just )CONJP (PP for (NP (NP Hong Kong )NP and (NP Taiwan )NP )NP )PP but (PP for (NP (NP Japan )NP , (NP Korea )NP and (NP (NP the rest )NP (PP of (NP Asia )NP )PP )NP )NP )PP )PP )VP )VP )VP )S )SBAR )VP . '' )S  STOP
(FRAG (PP On (NP (NP *UNK )NP (PP between (NP (NP China )NP and (NP the Soviet Union )NP )NP )PP )NP )PP : `` (S (PP In (NP important *UNK )NP )PP , (NP the Soviets )NP (VP are (ADJP different (PP from (NP the Chinese )NP )PP )ADJP )VP )S . )FRAG  STOP
(S (NP They )NP (VP are (ADVP already )ADVP (ADJP *UNKED )ADJP )VP ... . )S  STOP
(S (NP Their problem )NP (VP is (NP (NP one )NP (PP of (NP (NP *UNK )NP (PP of (NP an industrial economy )NP )PP )NP )PP )NP )VP . )S  STOP
(S (S (NP The Chinese problem )NP (VP is (ADJP much greater )ADJP )VP )S -- (S (NP it )NP (VP 's (SBAR (WHADVP how )WHADVP (S (VP to (VP *UNK (S (VP to (VP begin (PRT with )PRT )VP )VP )S )VP )VP )S )SBAR )VP )S . '' )S  STOP
(S (S (VP Asked (SBAR if (S (NP the Soviets )NP , (PP like (NP Chinese officials )NP )PP , (VP wo n't (NP one day )NP (VP face (NP (NP a similar conflict )NP (PP between (NP the desire (S (VP to (VP (VP *UNK (ADVP *UNKLY )ADVP )VP and (ADVP yet )ADVP (VP retain (NP political control )NP )VP )VP )VP )S )NP )PP )NP )VP )VP )S )SBAR )VP )S , (NP Mr. Lee )NP (VP said , `` (S (NP I )NP (VP would (VP think (SBAR that (S (NP the Soviets )NP (VP face (NP a deeper *UNK )NP (SBAR because (S (S (NP they )NP (VP have (VP been (PP (PP (ADVP more )ADVP in (NP *UNK )NP )PP (PP than (NP the Chinese )NP )PP )PP )VP )VP )S -- (S (NP I )NP (VP mean (S (VP keeping (S (NP their people )NP (VP cut (PRT off )PRT (PP from (NP the outside world )NP )PP )VP )S )VP )S )VP )S )S )SBAR )VP )S )SBAR )VP )VP )S )VP . '' )S  STOP
(S (NP Mikhail Gorbachev )NP (PRN , (S (NP he )NP (VP said )VP )S , )PRN (VP is (ADVP ahead (PP of (NP (NP China 's )NP leaders )NP )PP (PP in (NP (NP his *UNK )NP (PP of (NP the world )NP )PP )NP )PP )ADVP )VP . )S  STOP
(S `` But (NP I )NP (VP think (SBAR (S (NP the Soviet *UNK )NP (VP are (ADJP (ADJP more *UNKED )ADJP (PP than (NP the Chinese )NP )PP )ADJP )VP )S )SBAR )VP . '' )S  STOP
(S (ADVP *UNKC )ADVP (PRN , (S (NP he )NP (VP said )VP )S , )PRN (NP he )NP (ADVP still )ADVP (VP believes (SBAR (S (NP the Soviet Union )NP , (SBAR while (S (VP falling (ADVP far short (PP of (NP (NP the efficiency )NP (PP of (NP a Western economy )NP )PP )NP )PP )ADVP )VP )S )SBAR , (VP may (ADVP well )ADVP (VP manage (S (VP to (VP improve (ADVP considerably )ADVP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(FRAG (PP On (NP *UNKC *UNK )NP )PP : `` (S (SBAR If (S (S (NP America )NP (VP can (VP keep (PRT up )PRT (NP (NP the present situation )NP -- (NP (NP her markets )NP (ADJP open )ADJP )NP )NP (PP for (NP another 15 years )NP )PP , (PP with (NP adjustments )NP )PP )VP )VP )S , and (S (S (NP Japan )NP (VP can (VP (VP grow )VP and (VP not cut (PRT back )PRT )VP )VP )VP )S , and so (S (ADVP too )ADVP , (NP (NP Korea )NP , (NP Taiwan )NP , (NP Hong Kong )NP , (NP Singapore )NP , (NP *UNKC )NP , (NP Australia )NP and (NP New Zealand )NP )NP )S )S )S )SBAR -- (ADVP then )ADVP (PP in (NP 15 years )NP )PP , (NP (NP the economies )NP (PP of (NP these countries )NP )PP )NP (VP would (VP be (VP (ADVP totally )ADVP restructured (S (VP to (VP be (ADJP able (S (VP to (ADVP almost )ADVP (VP *UNK (NP growth )NP (PP by (NP themselves )NP )PP )VP )VP )S )ADJP )VP )VP )S )VP )VP )VP )S . '' )FRAG  STOP
(S (S (PP In (NP such an arrangement )NP )PP , `` (NP all )NP (VP benefit )VP , '' )S (NP he )NP (VP said )VP . )S  STOP
(S `` And (SBAR if (S (NP the Europeans )NP (VP come (ADVP in )ADVP )VP )S )SBAR , (NP they )NP (VP benefit (ADVP too )ADVP )VP . )S  STOP
(S (NP It )NP (VP 's not (NP a *UNK- game )NP )VP . '' )S  STOP
(S (S (VP Asked (PP about (NP (NP the possibility )NP (PP of (NP (NP greater economic cooperation )NP (PP among (NP *UNKC nations )NP )PP )NP )PP , (SBAR (WHNP which )WHNP (S (VP will (VP be (VP discussed (NP Nov. 6 and 7 )NP (PP at (NP (NP a *UNK meeting )NP (PP in (NP *UNKC )NP )PP )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )S , (NP Mr. Lee )NP (VP said (SBAR (S (NP the goal )NP `` (VP is (S (VP to (VP have (NP a (ADJP free and open )ADJP world trading system )NP )VP )VP )S )VP )S )SBAR )VP . '' )S  STOP
(S (S (NP An Asian bloc )NP (VP is n't (ADJP intended )ADJP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S `` (NP That )NP (VP 's not (ADJP possible )ADJP )VP . '' )S  STOP
(FRAG (PP On (NP *UNKC relations )NP )PP : `` (S (NP I )NP (VP 'm (ADJP encouraged )ADJP )VP )S . )FRAG  STOP
(S (NP I )NP (VP think (SBAR (S (NP (NP the earlier *UNK notes )NP (VP struck (PP by (NP (NP -LCB- U.S. Commerce Secretary Robert -RCB- *UNKC )NP and (NP -LCB- U.S. Trade *UNKC -RCB- *UNKC Hills )NP )NP )PP )VP )NP (VP have (VP been (ADJP more *UNKED )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP I )NP (VP believe (SBAR (S (NP the U.S. )NP (VP is (VP becoming (ADJP more patient and *UNK )ADJP )VP )VP )S )SBAR )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S `` (NP It )NP (VP 's (NP the total relationship )NP (SBAR (WHNP that )WHNP (S (VP is (ADJP important )ADJP )VP )S )SBAR )VP . '' )S  STOP
(S (NP The total relationship )NP (PRN , (SBAR as (S (NP Mr. Lee )NP (VP sees (NP it )NP )VP )S )SBAR , )PRN (VP is `` (NP (NP (NP the flow )NP (PP of (NP dollars )NP )PP (PP to (NP the U.S. )NP )PP (SBAR (S (VP to (VP fund (NP the deficits )NP )VP )VP )S )SBAR )NP , (NP (NP the investments )NP (SBAR (S (NP the Japanese )NP (VP are (VP making (PP in (NP the U.S. )NP )PP (SBAR in order (S (VP to (VP *UNK (NP American demand (SBAR that (S (NP (NP American products )NP (VP *UNKED (PP in (NP America )NP )PP )VP )NP (VP should (VP be (VP made (ADVP (ADVP as much )ADVP (PP as (ADJP possible )ADJP )PP )ADVP (PP in (NP America )NP )PP (PP by (NP Americans )NP )PP (PP with (NP Japanese technology and capital )NP )PP )VP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )NP )VP . '' )S  STOP
(S (NP (NP Japan 's )NP recent political *UNK )NP (PRN , (S (NP Mr. Lee )NP (VP said )VP )S , )PRN (VP may (VP mean (SBAR (S (NP Japan )NP (VP will (VP slow (NP market adjustments )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S `` (NP They )NP (VP 'll (VP be (ADJP more *UNK )ADJP (PP in (S (VP *UNKING (NP their own voters )NP , (PP like (S (VP opening (PRT up )PRT (ADVP more )ADVP (PP to (NP (NP agricultural imports )NP (PP from (NP America )NP )PP )NP )PP , (S (VP *UNKING (NP their farmers )NP )VP )S )VP )S )PP )VP )S )PP )VP )VP . '' )S  STOP
(FRAG (PP On (NP (NP U.S. military presence )NP (PP in (NP Asia )NP )PP )NP )PP : (S (S (VP Asked (SBAR if (S (NP his offer (S (VP to (VP allow (S (NP the American military )NP (VP to (VP use (NP facilities )NP (PP in (NP Singapore )NP )PP )VP )VP )S )VP )VP )S )NP (VP would (VP help (VP preserve (NP (NP America 's )NP presence )NP (PP in (NP the region )NP )PP (PP at (NP (NP bases )NP (PP in (NP the Philippines )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP )S , (NP he )NP (VP said , `` (S (SBAR (WHNP What )WHNP (S (NP we )NP (VP have (VP done )VP )VP )S )SBAR (VP is (S (VP make (S (NP (NP it )NP )NP (ADJP easier )ADJP (SBAR for (S (NP the Philippines )NP (VP to (VP continue (S (VP to (VP host (NP American bases )NP )VP )VP )S (PP without (S (NP it )NP (VP being (VP said (SBAR (S (NP they )NP (VP are (NP (NP (NP *UNK )NP (PP of (NP the *UNK )NP )PP )NP and (NP (NP the only ones )NP (PP (PP in (NP Asia )NP )PP or (PP in (NP *UNKC Asia )NP )PP )PP )NP )NP )VP )S )SBAR )VP )VP )S )PP )VP )VP )S )SBAR )S )VP )S )VP )S )VP )S . )FRAG  STOP
(S (NP We )NP (VP are (ADJP willing (S (VP to (VP share (NP (NP the political burden )NP (PP of (S (VP being (NP (NP host )NP (PP to (NP (NP America )NP , (NP an *UNK power )NP )NP )PP )NP )VP )S )PP )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (S (NP We )NP (VP think (SBAR (SBAR (S (NP it )NP (VP is n't (NP such a great burden )NP )VP )S )SBAR , (SBAR that (S (NP it )NP (VP carries (NP no *UNK )NP )VP )S )SBAR )SBAR )VP )S , and (S (NP we )NP (VP are (ADJP prepared (S (VP to (VP do (NP it )NP )VP )VP )S )ADJP )VP )S . '' )S  STOP
(FRAG (PP On (NP *UNKC relations )NP )PP : `` (S (NP It )NP (VP 's (NP (NP such a *UNK- relationship )NP (VP going (ADVP back )ADVP (PP into (NP history )NP )PP )VP )NP )VP )S ... . )FRAG  STOP
(S (NP I )NP (ADVP really )ADVP (VP do not (VP understand (SBAR (WHADVP how )WHADVP (S (NP it )NP (VP is (SBAR that (S (NP *UNKC )NP (VP feel (ADJP (ADVP so *UNKLY )ADVP involved (PP in (NP (NP this father figure )NP (SBAR (WHNP that )WHNP (S (S (NP they )NP (VP want (S (VP to (VP *UNK (PP of )PP )VP )VP )S )VP )S and (ADVP yet )ADVP (S (NP they )NP (VP need )VP )S )S )SBAR )NP )PP )ADJP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (NP I )NP (ADVP just )ADVP (VP do n't (VP understand (NP it )NP )VP )VP . )S  STOP
(S (NP (NP My relationships )NP (PP with (NP the British )NP )PP )NP (VP are (ADJP totally different )ADJP )VP . )S  STOP
(S (NP They )NP (VP *UNKED (NP it )NP (PP over (NP me )NP )PP )VP . )S  STOP
(S (NP They )NP (VP did (NP me )NP (NP some good )NP )VP . )S  STOP
(S (NP They )NP (VP did (NP themselves )NP (NP even more good )NP )VP . )S  STOP
(S (NP They )NP (VP let (NP me )NP (PRT down )PRT (SBAR (WHADVP when )WHADVP (S (NP the Japanese )NP (VP came (ADVP down )ADVP -LCB- (PP during (NP World War II )NP )PP -RCB- )VP )S )SBAR )VP ... . )S  STOP
(S (NP I )NP (VP do n't (VP feel (ADJP (ADJP down )ADJP or (ADJP done (PRT in )PRT )ADJP )ADJP (SBAR because (S (NP I )NP (VP (VP show (NP British *UNK )NP (PP on (NP my television network )NP )PP )VP or (VP read (NP their books )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP I )NP (VP mean (SBAR (S (NP it )NP (VP is (NP a normal *UNK relationship )NP )VP )S )SBAR )VP . )S  STOP
(S `` But (NP (NP the *UNKC )NP and (NP the Americans )NP )NP , (SBAR (WHADVP when )WHADVP (S (NP I )NP (VP talk (PP to (NP them )NP )PP )VP )S )SBAR , (NP there )NP (VP 's (NP (NP (NP (ADJP so much )ADJP *UNK )NP (PP about (NP (NP Filipino *UNK )NP (VP being (VP diminished (PP as (NP (NP a result )NP (PP of (S (VP being (VP *UNKED (PP upon )PP (PP by (NP the Americans )NP )PP )VP )VP )S )PP )NP )PP )VP )VP )NP )PP )NP and (ADVP so on )ADVP )NP )VP . )S  STOP
(S (S (NP The *UNK *UNKC )NP (VP tries (S (VP to (VP put (PRT on )PRT (NP *UNK )NP )VP )VP )S )VP )S but (S (NP we )NP (VP let (S (NP it )NP (VP pass )VP )S )VP )S ... . )S  STOP
(S (NP It )NP (VP 's (ADJP just comic )ADJP (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP try (S (VP to (VP *UNK (SBAR (S (NP they )NP (VP 're (ADVP still )ADVP (NP the master race )NP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP . '' )S  STOP
(S (NP Mr. Lee )NP (VP added (SBAR that (S (NP the *UNKC )NP (VP are `` (VP making (S (NP (NP it )NP )NP (ADJP very difficult )ADJP '' (SBAR for (S (NP the U.S. military presence )NP (VP to (VP last (PP beyond (NP (QP five or 10 )QP years )NP )PP )VP )VP )S )SBAR )S )VP )VP )S )SBAR )VP . )S  STOP
(FRAG (PP On (NP (NP military alternatives )NP (SBAR if (S (NP the U.S. )NP (VP *UNK (ADVP back )ADVP )VP )S )SBAR )NP )PP : `` (S (NP The Soviets )NP (ADVP already )ADVP (VP are (ADJP present )ADJP )VP )S . )FRAG  STOP
(S (NP I )NP (VP *UNK (SBAR (S (ADVP sooner or later )ADVP , (NP the Japanese )NP (VP would (VP have (S (VP to (VP fill (PRT up )PRT (NP (NP a large part )NP (PP of (NP (NP the gap )NP (PP on (NP the naval side )NP )PP )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(FRAG Maybe (NP the Chinese )NP , maybe even (NP the *UNKC )NP . '' )FRAG  STOP
(FRAG (PP On (NP (NP economic consequences )NP (PP of (NP a diminished U.S. presence )NP )PP )NP )PP : `` (S (NP America )NP (VP is (NP (NP the only major power )NP (PP in (NP recent history )NP )PP (SBAR (WHNP that )WHNP (S (VP has (VP used (NP its military might )NP (S (VP to (VP *UNK (NP (NP a system )NP (SBAR (WHNP that )WHNP (S (VP *UNK (S (NP all participants )NP (VP to (ADVP *UNKLY )ADVP (VP benefit (PP without (S (NP her )NP (PP as (NP (NP the provider )NP (PP of (NP the security )NP )PP )NP )PP (VP taking (NP *UNK )NP )VP )S )PP )VP )VP )S )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP )S . '' )FRAG  STOP
(S (S (VP Asked (SBAR (WHADVP why )WHADVP (S (NP (ADJP so few )ADJP nations )NP (VP seem (S (VP to (VP share (NP (NP his views )NP (PP of (NP America )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP )S , (NP he )NP (VP said , `` (S (NP Many people )NP (VP see (S (NP it )NP (NP that way )NP )S )VP )S )VP . )S  STOP
(S But (NP they )NP (VP have (ADVP just )ADVP (VP taken (NP it )NP (SBAR for (S (VP granted )VP )S )SBAR )VP )VP . '' )S  STOP
(FRAG (PP On (NP *UNKC )NP )PP : `` (S (VP Let (S (NP 's )NP (VP assume (SBAR that (S (NP -LCB- former *UNKC leader Prince *UNKC -RCB- *UNKC )NP (VP (VP does (SBAR (WHNP what )WHNP (S (NP the press )NP (VP wants (S (NP him )NP (VP to (VP do )VP )VP )S )VP )S )SBAR )VP and (VP *UNK (PRT up )PRT (PP with (NP -LCB- *UNKED *UNKC leader -RCB- *UNKC *UNKC )NP )PP )VP )VP )S )SBAR )VP )S )VP )S . )FRAG  STOP
(SQ Is (NP the trouble )NP (ADVP over )ADVP ? )SQ  STOP
(SQ *UNKC (NP (NP *UNKC )NP and (NP *UNKC *UNKC )NP )NP (VP *UNK (PRT off )PRT (NP (NP the Khmer Rouge )NP (VP (ADVP still )ADVP supported (PP by (NP China )NP )PP )VP )NP )VP ? )SQ  STOP
(S (NP He )NP (VP ca n't )VP . )S  STOP
(SBARQ `` (WHNP What )WHNP (SQ (VP is (NP (NP the way )NP (ADVP forward )ADVP )NP )VP )SQ ? )SBARQ  STOP
(S (VP To (VP get (NP the Khmer Rouge )NP (PP as (NP (NP part )NP (PP of (NP (NP a process )NP (PP for (NP elections )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S And (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP lose )VP )S )SBAR , (ADVP then )ADVP (NP we )NP (VP can (VP expect (S (NP China )NP (VP to (VP stop (NP aid )NP )VP )VP )S )VP )VP . )S  STOP
(S (VP Let (S (NP 's )NP (VP put (NP it )NP (ADVP *UNKLY )ADVP )VP )S )VP . )S  STOP
(S (NP The Chinese )NP (VP can not (VP be (VP seen (S (VP to (VP have (VP (VP made (NP (NP use )NP (PP of (NP the Khmer Rouge )NP )PP )NP )VP and (ADVP then )ADVP (VP *UNK (NP them )NP )VP )VP )VP )VP )S )VP )VP )VP . '' )S  STOP
(S (NP Ms. House )NP (VP is (NP (NP vice president )NP (PP of (NP Dow Jones International Group )NP )PP )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (NP (NP editor )NP (PP of (NP The Asian Wall Street Journal )NP )PP )NP )VP . )S  STOP
(S (NP *UNKING )NP (VP looked (ADJP good )ADJP (SBAR as (S (NP (NP *UNK Walter *UNKC )NP and (NP colleagues )NP )NP (ADVP carefully )ADVP (VP cut (ADVP away )ADVP (NP (NP a woman 's )NP *UNK *UNK )NP (PP at (NP the Cleveland *UNKC )NP )PP (PP in (NP *UNKN )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (VP Using (NP (NP small electrical *UNK )NP (VP applied (PP to (NP her feet )NP )PP )VP )NP )VP )S , (NP they )NP (VP were (ADJP able (S (VP to (VP monitor (NP *UNK *UNK )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP The *UNK )NP (VP generated (NP (NP *UNK *UNK )NP (SBAR (WHNP that )WHNP (S (VP (VP *UNKED (PP via (NP *UNK )NP )PP (PP to (NP brain )NP )PP )VP and (VP showed (PRT up )PRT (ADVP clearly )ADVP (PP on (NP a *UNK- monitor )NP )PP )VP , (S (VP indicating (NP (NP no damage )NP (PP to (NP the *UNK *UNK tissue )NP )PP )NP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(SINV (ADVP Then )ADVP , (VP says )VP (NP Dr. *UNKC )NP , `` (S (NP she )NP (VP *UNK (PRT up )PRT (S (ADJP *UNKED )ADJP )S )VP )S . '' )SINV  STOP
(S (S (NP The damage )NP (VP was (PP to (NP (NP her motor *UNK )NP , (SBAR (WHNP which )WHNP (S (VP could n't (VP be (VP *UNKED (ADVP along (PP with (NP the *UNK *UNK )NP )PP )ADVP )VP )VP )VP )S )SBAR )NP )PP )VP )S , (NP he )NP (VP explains )VP . )S  STOP
(S (NP The *UNK )NP (PRN , (S (NP he )NP (VP adds )VP )S , )PRN `` (VP *UNKED (S (NP me )NP '' (VP to (VP look (PP for (NP (NP a way )NP (SBAR (S (VP to (VP prevent (NP similar cases )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP Dr. Levy 's )NP answer )NP (VP may (VP come (PP with (NP (NP a new kind )NP (PP of (NP (NP magnetic brain probe )NP , (NP (NP a device )NP (SBAR (WHNP that )WHNP (S (NP (NP he )NP and (NP (NP dozens )NP (PP of (NP U.S. researchers )NP )PP )NP )NP (VP are (VP studying (PP with (NP great hope )NP )PP )VP )VP )S )SBAR )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP Besides (S (VP holding (NP (NP the promise )NP (PP of (NP *UNK *UNK surgery )NP )PP )NP )VP )S )PP , (NP the probe )NP (VP could (VP improve (NP (NP the *UNK )NP (PP of (NP (NP brain and *UNK *UNK )NP (PP such as (NP (NP *UNK )NP and (NP multiple *UNK )NP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (S (ADVP Perhaps )ADVP (ADJP most *UNKING )ADJP )S , (NP the device )NP (VP is (VP *UNKING (PRT open )PRT (NP (NP a window )NP (PP to (NP (NP the *UNK )NP (PP of (NP the brain )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP The probe )NP , (SBAR (WHNP which )WHNP (S (VP is (ADJP (ADJP *UNK )ADJP , (ADJP *UNK- )ADJP and (ADJP apparently *UNK )ADJP )ADJP )VP )S )SBAR , )NP (VP employs (NP strong magnetic fields )NP (S (VP to (VP *UNK (NP (NP small *UNK )NP (PP of (NP electricity )NP )PP )NP (PP within (NP the brain )NP )PP )VP )VP )S )VP . )S  STOP
(S (SBAR If (S (VP *UNKED (PP over (NP (NP the brain 's )NP *UNK- area )NP )PP )VP )S )SBAR , (NP the *UNK- *UNK )NP (VP generate (NP (NP *UNK *UNK )NP (SBAR (WHNP that )WHNP (S (VP (VP *UNK (PP down (NP motor nerves )NP )PP )VP and (VP *UNK (NP *UNK )NP )VP )VP )S )SBAR )NP , (S (VP making (PRN , (INTJ say )INTJ , )PRN (S (NP a *UNK )NP (VP *UNK )VP )S )VP )S )VP . )S  STOP
(S (PP In (NP principle )NP )PP , (NP they )NP (VP will (VP enable (S (NP doctors )NP (VP to (VP check (NP (NP the body 's )NP motor system )NP (NP (NP the way )NP (SBAR (S (NP an *UNK )NP (VP tests (NP (NP a home 's )NP electrical *UNK )NP (PP by (S (VP running (NP current )NP (PP through (NP them )NP )PP )VP )S )PP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (PP Until (ADVP now )ADVP )PP , (NP we )NP (VP 've (VP had (NP (NP no *UNK way )NP (PP of (S (VP *UNKING (NP motor function )NP )VP )S )PP )NP )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a *UNK )NP (VP conducting (NP (NP clinical tests )NP (PP with (NP the devices )NP )PP )NP (PP at (NP (NP Boston 's )NP Massachusetts General Hospital )NP )PP )VP )NP )NP . )SINV  STOP
(S `` (NP (NP All )NP (SBAR (S (NP we )NP (VP could (VP do )VP )VP )S )SBAR )NP (VP was (VP tell (NP a patient )NP , (S ` (S (VP squeeze (NP my *UNK )NP (ADVP (ADVP as hard )ADVP (SBAR as (S (NP you )NP (VP can )VP )S )SBAR )ADVP )VP )S ' or ` (S (VP raise (NP your arm )NP )VP )S )S )VP )VP . ' )S  STOP
(S `` (S (PP Under (NP the best circumstances )NP )PP (NP such tests )NP (VP are (ADJP *UNK )ADJP )VP )S ; (S (SBAR (WHADVP when )WHADVP (S (NP a patient )NP (VP is (ADJP *UNK )ADJP )VP )S )SBAR , (NP they )NP (VP do n't (VP work (ADVP at all )ADVP )VP )VP )S . )S  STOP
(S (NP *UNKC brain *UNKING )NP (VP started (PP in (NP (NP the early *UNK )NP , (SBAR (WHADVP when )WHADVP (S (NP researchers )NP (VP produced (NP (NP *UNK )NP (PP of (NP light )NP )PP )NP (PP in (NP the *UNK field )NP )PP (PP with (NP *UNK )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP In (NP the 1960s )NP )PP , (NP *UNKC *UNKC researchers )NP (VP developed (NP (NP magnetic devices )NP (SBAR (S (VP to (VP *UNK (NP motor nerves )NP (PP in (NP (NP the hand )NP and (NP other *UNK )NP )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(SINV (S But (PP for (NP brain tests )NP )PP , (NP the *UNK machines )NP `` (VP would (VP have (VP required (S (NP patients )NP (VP to (VP stand (PP on (NP their heads )NP )PP )VP )VP )S )VP )VP )VP , '' )S (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a researcher )NP (PP at (NP (NP the University )NP (PP of (NP California )NP )PP (PP at (NP San Diego )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP The field )NP (VP took (ADVP off )ADVP (PP in (NP 1985 )NP )PP (SBAR after (S (NP (NP scientists )NP (PP at (NP (NP Britain 's )NP *UNKC University )NP )PP )NP (VP developed (NP (NP a *UNK , *UNK *UNK )NP (PP for (NP brain *UNK )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (PP Since (ADVP then )ADVP )PP , (S (NP (QP at least two )QP commercial versions )NP (VP have (VP been (VP put (PP on (NP the U.S. market )NP )PP )VP )VP )VP )S , and (S (NP an estimated 500 )NP (VP have (VP been (VP sold )VP )VP )VP )S . )S  STOP
(S (PP In (NP August )NP )PP , (NP (NP a Chicago conference )NP (PP on (NP such devices )NP )PP )NP (VP attracted (NP (NP (QP more than 100 )QP researchers )NP , (SBAR (WHNP who )WHNP (S (VP reported (NP (NP studies )NP (PP on (NP (NP everything )NP (PP (PP from (NP brain *UNKING )NP )PP (PP to (NP physical *UNK )NP )PP )PP )NP )PP )NP )VP )S )SBAR )NP )VP . )S  STOP
(SINV `` (S (S (NP We )NP (VP do n't (VP feel (SBAR (S (NP we )NP (VP can (VP use -LCB- (NP the devices )NP -RCB- (ADVP routinely )ADVP (PP in (NP surgery )NP )PP (ADVP yet )ADVP )VP )VP )S )SBAR )VP )VP )S , but (S (NP we )NP (VP 're (VP getting (ADJP close )ADJP )VP )VP )S )S , '' (VP says )VP (NP (NP Dr. Levy )NP , (SBAR (WHNP who )WHNP (S (VP is (ADVP now )ADVP (PP with (NP (NP the University )NP (PP of (NP Pittsburgh )NP )PP )NP )PP )VP )S )SBAR )NP . )SINV  STOP
(S (NP A problem )NP (PRN , (S (NP he )NP (VP adds )VP )S , )PRN (VP is (SBAR that (S (NP *UNKED *UNK )NP (VP are (ADJP (ADJP more *UNK (PP to (NP magnetic *UNK )NP )PP )ADJP (PP than (NP *UNK ones )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP The devices )NP (VP could (VP help (S (VP indicate (SBAR (WHADVP when )WHADVP (S (NP surgery )NP (VP would (VP help )VP )VP )S )SBAR )VP )S )VP )VP )S , (VP says )VP (NP (NP Charles *UNKC )NP , (NP a (NAC University (PP of (NP Toronto )NP )PP )NAC *UNK )NP )NP . )SINV  STOP
(S (PP For (NP example )NP )PP , (NP *UNKED *UNK- victims )NP (ADVP occasionally )ADVP (VP have (NP (NP (NP some intact *UNK *UNK )NP (SBAR (WHNP that )WHNP (S , (SBAR if (S (VP *UNKED (PP by (NP emergency surgery )NP )PP )VP )S )SBAR , (VP enable (NP partial recovery )NP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S But (NP such operations )NP (ADVP typically )ADVP (VP are n't (VP performed (SBAR because (S (NP there )NP (VP is (NP no sign )NP (PP (ADVP right )ADVP after (NP an *UNK )NP )PP (SBAR that (S (NP surgery )NP (VP would (VP be (ADJP beneficial )ADJP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S `` (S (NP (NP The cost )NP -LCB- (PP of (NP magnetic *UNK )NP )PP -RCB- )NP (VP would (VP seem (PP like (NP *UNK )NP )PP (SBAR if (S (NP we )NP (VP could (VP *UNK (NP *UNK function )NP '' (PP in (NP such people )NP )PP )VP )VP )S )SBAR )VP )VP )S , (NP Dr. *UNKC )NP (VP says )VP . )S  STOP
(S (NP *UNKC )NP (VP caution (SBAR (S (NP there )NP (VP is (NP a chance (SBAR (S (NP the *UNK technique )NP (VP might (VP *UNK (NP *UNK )NP (PP in (NP *UNK )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S But (NP no significant problems )NP (VP have (VP been (VP reported )VP )VP )VP (PP among (NP (NP hundreds )NP (PP of (NP (NP people )NP (VP tested (PP with (NP the devices )NP )PP )VP )NP )PP )NP )PP . )S  STOP
(SINV (S (NP (NP The main *UNK )NP , (PP *UNK (S (VP feeling (PP like (NP (NP a *UNK )NP (VP *UNKED (PP with (NP *UNK *UNK )NP )PP )VP )NP )PP )VP )S )PP , )NP (VP is `` (PP like (NP (NP a *UNK )NP (PP on (NP the head )NP )PP )NP )PP )VP )S , '' (VP says )VP (NP (NP Sam *UNKC )NP , (NP (NP a *UNK )NP (SBAR (WHNP who )WHNP (S (VP has (VP studied (NP the brain *UNK )NP (PP at (NP Yale University )NP )PP )VP )VP )S )SBAR )NP )NP . )SINV  STOP
(S (NP One apparent side effect )NP (VP is (NP (NP a minor increase )NP (PP in (NP a brain *UNK )NP )PP )NP )VP . )S  STOP
(S And (NP (NP some doctors )NP (SBAR (WHNP who )WHNP (S (VP have (VP conducted (NP (NP hours )NP (PP of (NP tests )NP )PP )NP (PP on (NP themselves )NP )PP )VP )VP )S )SBAR )NP (VP report (NP temporary *UNK )NP )VP . )S  STOP
(S (NP (NP (QP At least two )QP companies )NP , (NP (NP (NP *UNKC *UNKC Inc. )NP (PP of (NP (NP *UNKC )NP , (NP *UNKC )NP )NP )PP )NP , and (NP (NP *UNKC Medical Systems Inc. )NP (PP of (NP (NP *UNKC )NP , (NP Conn. )NP )NP )PP )NP )NP , )NP (ADVP now )ADVP (VP sell (NP (NP versions )NP (PP of (NP the magnetic devices )NP )PP )NP )VP . )S  STOP
(S (NP (NP The machines )NP , (SBAR (WHNP which )WHNP (S (PP at (NP $ *UNKN )NP )PP (VP are (ADJP *UNK (PP by (NP medical standards )NP )PP )ADJP )VP )S )SBAR , )NP (VP (VP have n't (VP been (VP approved (PP in (NP the U.S. )NP )PP (PP for (NP (NP marketing )NP (PP as (NP brain *UNK )NP )PP )NP )PP )VP )VP )VP but (VP are (VP sold (PP for (S (VP *UNKING (NP (NP nerves )NP (PP in (NP (NP the hand )NP , (NP *UNK )NP and (NP other *UNK- areas )NP )NP )PP )NP )VP )S )PP )VP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP can (VP apply (PP for (NP permission (S (VP to (VP use (NP the *UNK )NP (PP for (NP brain studies )NP )PP )VP )VP )S )NP )PP )VP )VP . )S  STOP
(S (PP At (NP (NP the University )NP (PP of (NP Kentucky )NP )PP )NP )PP , (NP (NP a team )NP (VP led (PP by (NP (NP Dean *UNKC )NP , (NP a physical *UNK researcher )NP , )NP )PP )VP )NP (VP is (VP testing (NP the *UNK )NP (PP in (NP (NP *UNK )NP (PP with (NP electric *UNK )NP )PP )NP )PP (S (VP to (VP *UNK (NP *UNK *UNK )NP (S (VP to (VP help (S (VP prevent (NP (NP *UNKING )NP (PP of (NP *UNK *UNK )NP )PP )NP (PP after (NP *UNK surgery )NP )PP )VP )S )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP (NP a *UNKC University team )NP (VP led (PP by (NP heart researcher *UNKC *UNKC )NP )PP )VP )NP (VP hopes (S (VP to (VP develop (NP (NP ways )NP (SBAR (S (VP to (VP (ADVP *UNKLY )ADVP *UNK (NP *UNK *UNK *UNK )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(SINV (S (NP The devices )NP (VP might (ADVP *UNK )ADVP (VP serve (PP as (NP (NP temporary *UNK )NP or (NP (NP *UNK )NP (PP for (NP stopped *UNK )NP )PP )NP )NP )PP )VP )VP )S , (VP says )VP (NP (NP Dr. *UNKC )NP , (SBAR (WHNP whose *UNK )WHNP (S (VP was (VP dubbed (S (NP the `` *UNKC *UNK )NP )S )VP )VP )S )SBAR )NP . '' )SINV  STOP
(S (NP (NP The devices ' )NP (ADJP most remarkable )ADJP *UNK )NP , (ADVP though )ADVP , (VP involve (NP the brain )NP )VP . )S  STOP
(S (S (VP *UNKING (PP with (NP the *UNK )NP )PP )VP )S , (NP (NAC National *UNKC (PP of (NP Health )NP )PP )NAC scientists )NP (ADVP recently )ADVP (VP showed (SBAR (WHADVP how )WHADVP (S (NP the brain )NP (VP *UNK (NP *UNK- resources )NP (PP after (NP an *UNK )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC studies )NP (VP are (VP expected (S (VP to (VP (VP reveal (SBAR (WHADVP how )WHADVP (S (NP (NP *UNK patients ' )NP *UNK )NP (VP *UNK )VP )S )SBAR )VP -- (NP (NP a first step )NP (PP toward (S (VP finding (NP (NP ways )NP (SBAR (S (VP to (VP (VP bolster (NP that process )NP )VP and (VP speed (NP *UNK )NP )VP )VP )VP )S )SBAR )NP )VP )S )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP *UNKC )NP (ADVP also )ADVP (VP are (VP *UNKING (NP memory and perception )NP (PP with (NP the new machines )NP )PP )VP )VP . )S  STOP
(S (PP At (NP (NP the State University )NP (PP of (NP New York )NP )PP (PP at (NP Brooklyn )NP )PP )NP )PP , (NP researchers )NP (VP *UNK (NP (NP two groups )NP (PP of (NP different letters )NP )PP )NP (PP on (NP (NP a computer screen )NP (PP in (NP (NP front )NP (PP of (NP human *UNK *UNK )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (PP *UNKC (NP *UNK )NP )PP , (NP (NP certain areas )NP (PP in (NP (NP subjects ' )NP *UNK )NP )PP )NP (VP are (VP *UNKED (PP with (NP a magnetic *UNK )NP )PP )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP the *UNK )NP (VP is (VP *UNKED (ADVP just right )ADVP )VP )VP )S )SBAR , (NP the subjects )NP (VP do n't (VP recall (S (VP seeing (NP (NP the first group )NP (PP of (NP letters )NP )PP )NP )VP )S )VP )VP . )S  STOP
(SINV `` (SBARQ (WHADVP Where )WHADVP (SQ does (NP that first *UNK )NP (VP go )VP )SQ ? )SBARQ '' (VP *UNK )VP (NP *UNKC *UNK Paul *UNKC )NP . )SINV  STOP
(S `` (S (VP *UNKING (S (VP to (VP answer (NP that )NP )VP )VP )S )VP )S (VP is (VP suggesting (NP (NP all kinds )NP (PP of (NP (NP *UNK )NP , '' (PP such as (SBAR (WHADVP *UNKLY where and how )WHADVP (S (NP the brain )NP (VP processes (NP (NP *UNKING signals )NP (PP from (NP the eyes )NP )PP )NP )VP )S )SBAR )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP He )NP and (NP others )NP )NP (VP say (SBAR that (S (NP the machines )NP (VP are (ADJP weak enough (SBAR that (S (NP they )NP (VP do n't (VP *UNK (NP the memory )NP )VP )VP )S )SBAR )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP Both (NP the *UNKC team )NP and (NP (NP researchers )NP (PP at (NP (NP the National *UNKC *UNKC )NP (PP in (NP (NP *UNKC )NP , (NP Mass. )NP , )NP )PP )NP )PP )NP )NP (VP are (VP working (PP with (NP (ADJP more *UNK )ADJP magnetic brain *UNK )NP )PP )VP )VP . )S  STOP
(S (S (PP Among (NP other things )NP )PP , (NP the stronger devices )NP (VP may (VP be (ADJP able (S (VP to (VP (VP *UNK (ADVP *UNK )ADVP (NP *UNK- *UNK )NP )VP and (VP induce (NP mood changes )NP )VP )VP )VP )S )ADJP )VP )VP )S , (NP *UNK )NP (VP say )VP . )S  STOP
(S (NP (NP Du Pont Co. )NP , (NP Hewlett-Packard Co. )NP and (NP Los *UNKC National Laboratory )NP )NP (VP said (SBAR (S (NP they )NP (VP signed (NP a three-year , (ADJP (QP $ 11 million )QP )ADJP agreement (S (VP to (VP *UNK (PP on (NP *UNK research )NP )PP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The *UNK )NP (VP (VP will (VP include (NP (QP at least 25 )QP researchers )NP )VP )VP and (VP will (VP be (VP aimed (ADVP primarily )ADVP (PP at (S (VP developing (NP (NP thin films )NP (PP of (NP *UNK- *UNK )NP )PP )NP (PP for (NP (NP use )NP (PP in (NP electronics )NP )PP )NP )PP )VP )S )PP )VP )VP )VP )VP )S , (NP the companies )NP (VP said )VP . )S  STOP
(S (NP (NP The materials )NP , (VP discovered (PP during (NP the past three years )NP )PP )VP , )NP (VP (VP conduct (NP electricity )NP (PP without (NP resistance )NP )PP )VP and (VP promise (NP (NP smaller , faster computers )NP and (NP other new technologies )NP )NP )VP )VP . )S  STOP
(S (NP *UNKC programs )NP (VP have (VP *UNKED (SBAR as (S (NP U.S. companies )NP (VP seek (S (VP (VP to (VP spread (NP (NP the risks and costs )NP (PP of (S (VP *UNKING (NP new *UNK )NP )VP )S )PP )NP )VP )VP and (VP to (VP meet (NP (NP the challenges )NP (VP *UNKED (PP by (NP foreign *UNK )NP )PP , (PP (ADVP especially )ADVP in (NP Japan )NP )PP )VP )NP )VP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The latest research pact )NP (VP *UNK (NP (NP (NP Du Pont 's )NP growing portfolio )NP (PP of (NP (NP investments )NP (PP in (NP *UNK )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The (NAC *UNKC , *UNKC , )NAC chemicals concern )NP (ADVP previously )ADVP (VP signed (NP research *UNK agreements )NP (PP (PP with (NP *UNKC *UNKC National Laboratory )NP )PP and (PP with (NP *UNKC National Laboratory )NP )PP )PP )VP . )S  STOP
(S (NP Last year )NP , (NP Du Pont )NP (VP agreed (S (VP to (VP pay (NP (QP $ 4.5 million )QP )NP (PP for (NP (NP rights )NP (PP to (NP (NP *UNK work )NP (PP at (NP (NP the University )NP (PP of (NP Houston )NP )PP )NP )PP )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Hewlett-Packard )NP (VP is (NP a (NAC Palo Alto , Calif. , )NAC computer maker )NP )VP . )S  STOP
(S (NP The Los *UNKC *UNK )NP (VP is (NP (NP one )NP (PP of (NP (NP three (NAC U.S. Department (PP of (NP Energy )NP )PP )NAC national *UNK )NP (VP designed (PP as (NP pilot centers )NP )PP (S (VP to (VP *UNK (NP (NP joint *UNK- programs )NP (SBAR (S (VP to (VP speed (NP (NP the transfer )NP (PP of (NP new *UNK )NP )PP (PP to (NP the marketplace )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP )NP )PP )NP )VP . )S  STOP
(S (NP (NP J.C. *UNKC Co. )NP , (NP Dallas )NP , )NP (VP said (SBAR (S (NP it )NP (VP issued (NP (NP (QP $ 350 million )QP )NP (PP of (NP (NP securities )NP (VP backed (PP by (NP credit-card receivables )NP )PP )VP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The offering )NP (VP was (VP priced (PP with (NP an (ADJP *UNKN % )ADJP coupon rate )NP )PP (PP at (NP *UNKN % )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP The retailer )NP (VP said (SBAR (S (NP the securities )NP (VP are (VP expected (S (VP to (VP be (VP (VP rated (S (ADJP triple-A )ADJP )S (PP by (NP (NP Standard & Poor 's )NP Corp. )NP )PP )VP and (VP (ADJP *UNKC )ADJP (PP by (NP (NP Moody 's )NP Investors Service Inc )NP )PP )VP )VP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP pay (NP interest )NP (PP (ADVP only )ADVP for (NP *UNKN months )NP )PP , (PP with (NP (NP principal payments )NP (VP beginning (ADVP thereafter )ADVP )VP )NP )PP )VP . )S  STOP
(S (NP (NP The expected average life )NP (PP of (NP the certificates )NP )PP )NP (VP is (NP 10 years )NP , (PP with (NP (NP the final scheduled payment )NP (PP in (NP (NP October )NP , (NP *UNKN )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP First Boston Corp. )NP (VP is (NP sole underwriter )NP )VP . )S  STOP
(S (PP As (NP (NP part )NP (PP of (NP the transaction )NP )PP )NP )PP , (NP J.C. Penney )NP (VP will (VP sell (NP (NP a portion )NP (PP of (NP its credit-card receivables )NP )PP )NP (PP to (NP (NP its *UNKC *UNKC Inc. unit )NP , (SBAR (WHNP which )WHNP (S (VP will (ADVP then )ADVP (VP transfer (NP them )NP (PP to (NP a master trust )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP The trust )NP (VP will (VP issue (NP the certificates )NP )VP )VP . )S  STOP
(S (NP Credit support )NP (VP will (VP be (VP provided (PP by (NP (NP a letter )NP (PP of (NP credit facility )NP )PP (PP from (NP Credit Suisse )NP )PP (PP in (NP (NP favor )NP (PP of (NP (NP the *UNK )NP , (NP Fuji Bank & Trust Co. )NP , )NP )PP )NP )PP )NP )PP (PP for (NP (NP the benefit )NP (PP of (NP the *UNK holders )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP J.C. Penney )NP (VP will (VP continue (S (VP to (VP service (NP the receivables )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP *UNKED Japanese industrial managers )NP (ADVP here )ADVP )NP (ADVP always )ADVP (VP *UNK (PRT up )PRT (NP nervous *UNK )NP (PP with (NP (NP the tale )NP (PP of (NP (NP (NP the first )NP (PP of (NP their *UNK )NP )PP (SBAR (S (VP to (VP visit (NP Mexico )NP )VP )VP )S )SBAR )NP , (NP (NP a *UNK )NP (PP of (NP *UNK *UNK )NP )PP (VP *UNK (ADVP *UNK )ADVP (NP *UNKN years ago )NP )VP )NP )NP )PP )NP )PP )VP . )S  STOP
(SINV `` (S (PP From (NP the beginning )NP )PP , (NP (NP it )NP )NP (VP took (NP (NP a man )NP (PP with (NP extraordinary *UNK )NP )PP )NP (S (VP to (VP succeed (PP in (NP Mexico )NP )PP )VP )VP )S )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP president )NP (PP of (NP (NP *UNKC group 's )NP *UNKC Engineering Inc. unit )NP )PP )NP )NP . )SINV  STOP
(S (ADVP (ADVP Here )ADVP (PP in (NP (NP this new center )NP (PP for (NP Japanese assembly plants )NP )PP (PP (ADVP just )ADVP across (NP the border )NP (PP from (NP San Diego )NP )PP )PP )NP )PP )ADVP , (S (NP turnover )NP (VP is (ADJP *UNKING )ADJP )VP )S , (S (NP infrastructure )NP (ADJP *UNK )ADJP )S , (S (NP bureaucracy )NP (ADJP intense )ADJP )S . )S  STOP
(S (S (NP Even *UNK- )NP (VP drag )VP )S ; (S (NP (NP `` *UNK '' *UNK )NP , (SBAR (WHADVP where )WHADVP (S (NP Japanese *UNK )NP (VP *UNKING (PP over (NP recorded music )NP )PP )VP )S )SBAR , )NP (VP are (VP *UNKED (PP by (NP (NP Mexico 's )NP powerful *UNK union )NP )PP )VP )VP )S . )S  STOP
(S (ADVP Still )ADVP , (NP (NP 20 Japanese companies )NP , (PP including (NP (NP giants )NP (PP such as (NP (NP *UNKC Industries Corp. )NP , (NP *UNKC Electronics *UNKC Corp. )NP and (NP Sony Corp. )NP )NP )PP )NP )PP )NP (VP have (VP set (PRT up )PRT (NP shop )NP (PP in (NP (NP the state )NP (PP of (NP Northern *UNKC California )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (VP *UNKING (S (NP the Japanese )NP (ADJP happy )ADJP )S )VP )S (VP will (VP be (NP (NP one )NP (PP of (NP (NP the (ADJP most important )ADJP tasks )NP (VP facing (NP conservative leader *UNKC *UNKC )NP )VP )NP )PP )NP (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP takes (NP office )NP (NP Nov. 1 )NP , (PP as (NP (NP the first opposition governor )NP (PP in (NP (NP Mexico 's )NP modern history )NP )PP )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP (NP Mexico )NP , (PP with (NP (NP its *UNK need )NP (PP for (NP investment )NP )PP )NP )PP , )NP and (NP (NP Japan )NP , (PP with (NP its huge budget surplus )NP )PP , )NP )NP (VP would (VP seem (PP like (NP a perfect match )NP )PP )VP )VP . )S  STOP
(S But (NP the two countries )NP (VP remain (ADJP *UNKED (PP by (NP (NP a cultural *UNK )NP (ADJP wider (PP than (NP the *UNK )NP )PP )ADJP )NP )PP )ADJP )VP . )S  STOP
(S (NP *UNKC Japanese investors )NP (VP are (VP put (PRT off )PRT (PP by (SBAR (WHNP what )WHNP (S (NP they )NP (VP consider (S (NP (NP Mexico 's )NP (NX (NX *UNK investment regulations )NX and (NX loose work *UNK )NX )NX )NP )S )VP )S )SBAR )PP )VP )VP . )S  STOP
(S (PP From (NP (NP the *UNKC ' )NP *UNK )NP )PP , (NP (NP *UNKED tactics )NP (PP of (NP *UNK Japanese managers )NP )PP )NP (VP do n't (VP count (PP for (NP much )NP )PP (PP in (NP (NP a land )NP (SBAR (WHADVP where )WHADVP (S (NP a saying )NP (VP says (S `` (NP there )NP (VP are (NP no fixed rules )NP )VP . '' )S )VP )S )SBAR )NP )PP )VP )VP )S  STOP
(S (NP Japan )NP (VP ranks (PP as (NP (NP only the (ADJP fourth largest )ADJP foreign investor )NP (PP in (NP Mexico )NP )PP )NP )PP , (PP with (NP (NP 5 % )NP (PP of (NP the total investments )NP )PP )NP )PP )VP . )S  STOP
(S (NP That )NP (VP is (NP (NP (QP just 1 )QP % )NP (PP of (NP (NP all the money )NP (SBAR (S (NP Japan )NP (VP has (VP invested (ADVP abroad )ADVP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP Mexican President Carlos *UNKC de *UNKC )NP (VP would (VP like (S (VP to (VP change (NP that )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP The young president )NP (ADVP so )ADVP (VP *UNK (NP Japanese discipline )NP (SBAR that (S (NP he )NP (VP *UNK (NP his children )NP (PP to (NP (NP a Japanese school )NP (PP in (NP Mexico City )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (ADVP already )ADVP (VP has (VP *UNKED (NP (NP a (ADJP (QP $ 2 billion )QP )ADJP loan )NP )NP (PP from (NP the Japanese government )NP )PP )VP )VP . )S  STOP
(S But (NP Mexico )NP (ADVP *UNKLY )ADVP (VP needs (NP more help )NP )VP . )S  STOP
(S (NP (NP (NP Mr. *UNKC 's )NP *UNK *UNKC *UNKC Party )NP , or (NP *UNKC )NP , )NP (VP faces (NP congressional elections )NP (PP in (NP 1991 )NP )PP )VP . )S  STOP
(S (SBAR For (S (NP the *UNKC )NP (VP to (VP stand (NP a chance )NP )VP )VP )S )SBAR , (NP Mr. *UNKC )NP (VP has (S (VP to (VP press (PRT on )PRT (PP with (NP (NP an economic program )NP (SBAR (WHNP that )WHNP (S (ADVP so far )ADVP (VP has (VP succeeded (PP in (S (VP (VP *UNKING (NP inflation )NP )VP and (VP providing (NP moderate economic growth )NP )VP )VP )S )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S But (S (VP maintaining (NP (NP (NP the key components )NP (PP of (NP his strategy )NP )PP )NP (PRN -- (NP a (NX (NX stable exchange rate )NX and (NX (NX high level )NX (PP of (NP imports )NP )PP )NX )NX )NP -- )PRN )NP )VP )S (VP will (VP *UNK (NP (NP enormous amounts )NP (PP of (NP foreign exchange )NP )PP )NP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP needs (NP big investment *UNK )NP -- (ADVP quickly )ADVP )VP . )S  STOP
(S (NP The problem )NP (VP is (SBAR that (S (NP Japanese businesses )NP (VP make (NP decisions )NP (PP with (NP (NP a view )NP (PP (ADVP well )ADVP beyond (NP (NP the coming months )NP (SBAR (WHNP that )WHNP (S (VP *UNK (ADVP so heavily )ADVP (PP on (NP Mr. Salinas )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (S (NP The Japanese )NP (VP will (VP come (PP to (NP Mexico )NP )PP )VP )VP )S , but (FRAG not (ADVP immediately )ADVP )FRAG )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP *UNK- )NP (PP of (NP (NP the Japanese *UNKC Trade Organization )NP (PP in (NP Mexico )NP )PP )NP )PP )NP )NP . )SINV  STOP
(FRAG (SBAR If (FRAG not (ADVP now )ADVP )FRAG )SBAR , (WHADVP when )WHADVP ? )FRAG  STOP
(S `` (S (SBAR (WHADVP When )WHADVP (S (NP the *UNK )NP (VP is (ADJP *UNK )ADJP )VP )S )SBAR , (NP it )NP (VP falls (PP from (NP the *UNK )NP )PP (PP by (NP itself )NP )PP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (S (VP *UNKED (PP on (NP the matter )NP )PP )VP )S , (NP he )NP (VP is (ADJP more specific )ADJP )VP . )S  STOP
(S `` (NP There )NP (VP will (VP be (NP big Japanese investments )NP (PP (ADVP probably )ADVP (NP (QP five to 10 )QP years )NP from (NP now )NP )PP )VP )VP . '' )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP (NP Japan 's )NP *UNK )NP (PP to (NP Mexico )NP )PP )NP , )NP (VP agrees (SBAR that (S (NP Mexico )NP (VP may (VP be (ADJP too eager )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (NP There )NP (VP seems (S (VP to (VP be (NP (NP a *UNK )NP (PP in (NP (NP some sectors )NP (PP of (NP (PRN -LRB- (NP Mexico 's )NP -RRB- )PRN government )NP )PP )NP )PP (SBAR (SBAR that (S (NP there )NP (VP is (NP (NP a lot )NP (PP of (NP (NP Japanese money )NP (VP waiting (PP behind (NP the *UNK )NP )PP )VP )NP )PP )NP )VP )S )SBAR , and (SBAR that (S (PP by (S (VP (ADVP slightly )ADVP opening (NP the *UNK )NP )VP )S )PP , (NP that money )NP (VP will (VP enter (NP Mexico )NP )VP )VP )S )SBAR )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (NP I )NP (VP do n't (VP think (SBAR (S (NP that )NP (VP is (NP the case )NP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP Mexican officials )NP (VP maintain (SBAR (S (NP the Japanese reserve )NP (VP is (ADVP only )ADVP (NP (NP a result )NP (PP of (NP *UNK )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (PP Because of (NP distance )NP )PP , (NP (NP it )NP )NP (VP takes (NP a while )NP (SBAR for (S (NP them )NP (VP to (VP *UNK (NP (NP the economic stability )NP (SBAR (S (NP we )NP (VP 've (VP achieved )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )S , '' (VP says )VP (NP one economic *UNK )NP . )SINV  STOP
(S (NP Mexico )NP (VP is (VP sending (NP (NP a number )NP (PP of (NP *UNK )NP )PP )NP (PP to (NP Japan )NP )PP (S (VP looking (PP for (NP (NP a major *UNK investment )NP (PP in (NP telecommunications , *UNK or tourism )NP )PP )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP It )NP (VP is (VP hoped (SBAR that (S (NP other Japanese )NP (VP would (ADVP then )ADVP (VP follow (NP the leader )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S But (NP Japanese investors )NP (VP say (SBAR that (S (NP their *UNK (S (VP to (VP invest )VP )VP )S )NP (VP stems (PP (CONJP not only )CONJP from (NP (NP (NP concerns )NP (PP about (NP (NP Mexico 's )NP economic outlook )NP )PP )NP , (CONJP but also )CONJP (NP (NP *UNK )NP (PP about (NP (NP Mexico 's )NP (ADJP recently revamped )ADJP investment law )NP )PP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (ADJP *UNKC (S (VP to (VP get (NP a new law )NP (PP through (NP (NP a *UNK )NP (PP with (NP a strong *UNK bloc )NP )PP )NP )PP )VP )VP )S )ADJP )S , (NP Mexico )NP (VP *UNKED (NP (NP the existing law 's )NP regulations )NP )VP . )S  STOP
(S (NP It )NP (VP created (NP special *UNK- *UNK )NP (S (VP to (VP allow (NP foreigners )NP (NP (NP 100 % ownership )NP (PP in (NP some *UNKED industries )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP made (NP (NP *UNK use )NP (PP of (NP *UNK )NP )PP )NP , (S (VP *UNKING (PP as (NP *UNK- industries )NP )PP (NP (NP some )NP (SBAR (WHNP that )WHNP (S (VP had (VP been (PP in (NP the national *UNK )NP )PP )VP )VP )S )SBAR )NP )VP )S )VP . )S  STOP
(SINV `` (S (NP Those devices )NP (VP do n't (VP give (NP sufficient *UNK )NP (PP to (NP (NP our *UNK )NP (PP in (NP Japan )NP )PP )NP )PP )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP representative )NP (PP of (NP (NP the Industrial Bank )NP (PP of (NP Japan )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP Mr. *UNKC )NP (VP *UNK (NP (NP the case )NP (PP of (NP (NP a customer )NP (SBAR (WHNP who )WHNP (S (S (VP wants (S (VP to (VP build (NP a giant tourism complex )NP (PP in (NP *UNKC )NP )PP )VP )VP )S )VP )S and (S (VP has (VP been (VP trying (PP for (NP eight years )NP )PP (S (VP to (VP get (PP around (NP (NP Mexican restrictions )NP (PP on (NP (NP foreign ownership )NP (PP of (NP *UNK property )NP )PP )NP )PP )NP )PP )VP )VP )S )VP )VP )VP )S )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP He )NP (VP (VP could (VP develop (NP the *UNK )NP (PP through (NP a trust )NP )PP )VP )VP , but (VP (ADVP instead )ADVP is (VP trying (S (VP have (S (NP his *UNK )NP (VP become (NP a *UNKED Mexican )NP )VP )S )VP )S (SBAR so (S (NP his family )NP (VP gains (NP direct control )NP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP Some )NP (VP say (SBAR (S (NP the best hope )NP (PP for (NP the *UNKC )NP )PP (VP is (S (VP *UNKING (NP (NP the eye )NP (PP of (NP Japan )NP )PP )NP (PP by (S (VP promoting (NP (NP the one industry )NP (SBAR (S (NP the Japanese )NP (ADVP clearly )ADVP (VP like )VP )S )SBAR -- (NP (NP the border assembly plants )NP , (VP known (PP as (NP `` (NP *UNK )NP , '' (SBAR (WHNP which )WHNP (S (VP are (ADJP open (PP to (NP (ADJP 100 % )ADJP foreign control )NP )PP )ADJP )VP )S )SBAR )NP )PP )VP )NP )NP )VP )S )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP We )NP (VP must (VP do (NP more )NP (S (VP to (VP help (NP the Japanese )NP (ADVP (ADVP here )ADVP (PP in (NP *UNKC )NP )PP )ADVP )VP )VP )S (SBAR if (S (NP we )NP (VP want (S (NP them )NP (VP to (VP invest (ADVP elsewhere )ADVP )VP )VP )S )VP )S )SBAR )VP )VP )S , '' (VP says )VP (NP (NP Mr. *UNKC )NP , (NP (NP (NP the *UNK- )NP (PP of (NP the National *UNKC Party )NP )PP )NP and (NP (NP himself )NP (NP a *UNK businessman )NP )NP )NP )NP . )SINV  STOP
(S (NP Plant operators )NP (VP are (VP *UNKED (PP by (NP (NP Mr. *UNKC 's )NP *UNK (S (VP to (VP cut (NP (NP corruption )NP (VP associated (PP with (NP the ruling party officials )NP )PP )VP )NP )VP )VP )S )NP )PP )VP )VP . )S  STOP
(S But (NP Mr. *UNKC )NP (VP *UNK (SBAR that (S (NP an (ADJP even bigger )ADJP problem )NP (VP could (VP be (NP (NP *UNK )NP (PP from (NP (NP the U.S. )NP , (SBAR (WHADVP where )WHADVP (S (NP some politicians )NP (VP oppose (SBAR (WHNP what )WHNP (S (NP they )NP (VP consider (S (NP Japanese efforts (S (VP to (VP use (NP *UNK )NP (S (VP to (VP crack (NP the U.S. market )NP (PP through (NP the back door )NP )PP )VP )VP )S )VP )VP )S )NP )S )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (VP *UNKC (PP by (NP (NP *UNKING stock prices )NP and (NP (NP *UNK projections )NP (PP of (NP U.S. economic growth )NP )PP )NP )NP )PP )VP )S , (NP (NP currency analysts )NP (PP around (NP the world )NP )PP )NP (VP have (VP *UNKED (PRT down )PRT (NP (NP their *UNK )NP (PP of (NP (NP the dollar 's )NP near-term performance )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Most )NP (PP of (NP (NP the 10 analysts )NP (VP *UNKED (NP last week )NP (PP by (NP (NP Dow Jones International News Service )NP (PP in (NP (NP Frankfurt )NP , (NP Tokyo )NP , (NP London )NP and (NP New York )NP )NP )PP )NP )PP )VP )NP )PP )NP (VP expect (S (NP the U.S. dollar )NP (VP to (VP ease (ADVP only *UNKLY )ADVP (PP in (NP November )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (VP is (ADJP mixed )ADJP (PP over (NP its three-month prospects )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP (NP those )NP (VP *UNKED )VP )NP )PP )NP (VP see (S (NP the currency )NP (VP *UNKING (ADVP (ADJP lower )ADJP )ADVP (PP over (NP the next three months )NP )PP )VP )S , (SBAR while (S (NP the others )NP (VP forecast (NP (NP a modest rebound )NP (PP after (NP the New *UNKC )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP late afternoon New York trading )NP )PP (NP yesterday )NP , (NP the dollar )NP (VP (VP stood (PP at (NP *UNKN (ADJP West German )ADJP marks , )NP )PP (ADVP up (PP from (NP *UNKN marks )NP (NP late Monday )NP )PP )ADVP )VP , and (VP (PP at (NP *UNKN yen , )NP )PP (ADVP up (PP from (NP *UNKN yen )NP (NP late Monday )NP )PP )ADVP )VP )VP . )S  STOP
(S (NP A month ago )NP , (NP a similar survey )NP (VP predicted (SBAR (S (NP the dollar )NP (VP would (VP be (VP trading (PP at (NP (NP *UNKN marks )NP and (NP *UNKN yen )NP )NP )PP )VP )VP )VP (PP by (NP (NP the end )NP (PP of (NP October )NP )PP )NP )PP )S )SBAR )VP . )S  STOP
(S (NP Sterling )NP (VP was (VP trading (PP at (NP $ *UNKN )NP )PP , (ADVP down (PP from (NP $ *UNKN )NP (NP late Monday )NP )PP )ADVP )VP )VP . )S  STOP
(S (PP In (NP Tokyo )NP )PP (NP Wednesday )NP , (NP the U.S. currency )NP (VP was (VP trading (PP at (NP about *UNKN yen )NP )PP (PP at (NP *UNKING )NP )PP , (ADVP (ADVP up (PP from (NP *UNKN yen )NP (PP at (NP the opening )NP )PP )PP )ADVP and (ADVP up (PP from (NP (NP (NP Tuesday 's )NP Tokyo close )NP (PP of (NP *UNKN yen )NP )PP )NP )PP )ADVP )ADVP )VP )VP . )S  STOP
(S (NP (NP The average )NP (PP of (NP (NP estimates )NP (PP of (NP (NP the 10 economists )NP (VP *UNKED )VP )NP )PP )NP )PP )NP (VP puts (NP the dollar )NP (PP (PP around (NP *UNKN marks )NP (PP at (NP (NP the end )NP (PP of (NP November )NP )PP )NP )PP )PP and (PP at (NP *UNKN yen )NP )PP )PP )VP . )S  STOP
(S (PP By (NP late January )NP )PP , (NP the consensus )NP (VP calls (SBAR for (S (NP the dollar )NP (VP to (VP be (VP trading (PP (PP around (NP *UNKN marks )NP )PP and (PP near (NP *UNKN yen )NP )PP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Those )NP (PP with (NP a bullish view )NP )PP )NP (VP see (S (NP the dollar )NP (VP trading (ADVP up (PP near (NP (NP *UNKN marks )NP and (NP 145 yen )NP )NP )PP )ADVP )VP )S , (SBAR while (S (NP the dollar bears )NP (VP see (S (NP the U.S. currency )NP (VP trading (PP around (NP (NP *UNKN marks )NP and (NP *UNKN yen )NP )NP )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A number )NP (PP of (NP (NP those )NP (VP *UNKED )VP )NP )PP )NP (VP predict (SBAR (S (NP the dollar )NP (VP will (VP slip (SBAR as (S (NP the Federal Reserve )NP (VP *UNK (NP interest rates )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP David *UNKC )NP , (NP (NP an economist )NP (PP at (NP (NP *UNKC Benson & Co. )NP (PP in (NP London )NP )PP )NP )PP )NP , )NP (VP said (SBAR (S (NP he )NP (VP expects (NP (NP further cuts )NP (PP in (NP short-term U.S. rates )NP )PP (PP in (NP an effort (S (VP (VP to (VP encourage (NP (NP a *UNKING )NP (PP of (NP the trade gap )NP )PP )NP )VP )VP and (VP to (VP ensure (NP (NP a soft landing )NP (PP in (NP the U.S. economy )NP )PP )NP )VP )VP )VP )S )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Robert White )NP , (NP (NP a (NX (NX vice president )NX and (NX manager )NX )NX )NP (PP of (NP corporate trade )NP )PP (PP at (NP (NP First Interstate )NP (PP of (NP California )NP )PP )NP )PP )NP , )NP (VP (VP agreed (PP with (NP that view )NP )PP )VP and (VP predicted (SBAR (S (NP the U.S. federal funds rate )NP (VP will (VP drop (PP to (NP (QP between 7 3\/4 % and 8 % )QP )NP )PP (PP within (NP 60 days )NP )PP (PP from (NP (NP its current level )NP (PP at (NP 8 *UNKN % )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP Fed funds )NP (VP is (NP (NP the rate )NP (SBAR (S (NP banks )NP (VP charge (NP each other )NP (PP on (NP overnight loans )NP )PP )VP )S )SBAR )NP )VP )S ; (S (NP the Fed )NP (VP *UNK (NP the rate )NP (PP by (S (VP adding or *UNKING (NP reserves )NP (PP from (NP the banking system )NP )PP )VP )S )PP )VP )S . )S  STOP
(S (NP Mr. White )NP (ADVP also )ADVP (VP predicted (NP (NP a *UNK- cut )NP (PP in (NP the U.S. discount rate )NP )PP (PP in (NP the near future )NP )PP )NP )VP . )S  STOP
(S (NP (NP The discount rate )NP , (NP (ADVP currently )ADVP 7 % )NP , )NP (VP is (NP (NP the rate )NP (SBAR (S (NP the Fed )NP (VP charges (NP member banks )NP (PP for (NP loans )NP )PP , (S (VP using (NP government securities )NP (PP as (NP collateral )NP )PP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (NP He )NP (VP expects (NP such a cut )NP `` (PP because of (NP (NP problems )NP (PP in (NP (NP (NP several sectors )NP (PP of (NP the economy )NP )PP )NP , (NP (ADVP particularly )ADVP (NP real estate )NP and (NP *UNK )NP )NP )NP )PP )NP )PP )VP . '' )S  STOP
(S (S (VP *UNKING (NP his argument )NP )VP )S , (NP the Commerce Department )NP (VP reported (NP yesterday )NP (SBAR that (S (NP (NP new home sales )NP (PP for (NP September )NP )PP )NP (VP were (ADVP down (NP 14 % )NP (PP from (NP (NP August 's )NP revised 3.1 % fall )NP )PP )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP The drop )NP (VP marked (NP (NP the largest monthly tumble )NP (PP since (NP (NP a (ADJP 19 % )ADJP slide )NP (PP in (NP January 1982 )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP (NP last month 's )NP survey )NP )PP , (NP (NP a number )NP (PP of (NP currency analysts )NP )PP )NP (VP predicted (SBAR (S (NP the dollar )NP (VP would (VP be (VP *UNKED (PP by (NP (NP a *UNKING )NP (PP of (NP (NP interest rate *UNK )NP (PP between (NP (NP the U.S. )NP and (NP West Germany )NP )NP )PP )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Indeed )ADVP , (PP in (NP early October )NP )PP (NP the (ADJP West German )ADJP central bank )NP (VP raised (NP its discount and *UNKC rates )NP (PP by (NP a full percentage point )NP )PP )VP . )S  STOP
(S (NP (NP Several other European central banks )NP , (PP (ADVP notably )ADVP in (NP Britain )NP )PP , )NP (VP followed (NP (NP the (ADJP West German )ADJP *UNKC 's )NP lead )NP (PP by (S (VP raising (NP their own key rates )NP )VP )S )PP )VP . )S  STOP
(S And (NP a week later )NP , (NP Japan )NP (VP raised (NP its official discount rate )NP (PP by (NP a half point )NP )PP (PP to (NP *UNKN % )NP )PP )VP . )S  STOP
(S (NP The Japanese discount rate )NP (VP is (NP (NP (NP the central bank 's )NP base rate )NP (PP on (NP (NP loans )NP (PP to (NP commercial banks )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP After (NP (NP (NP a surprisingly sharp *UNKING )NP (PP in (NP the U.S. August merchandise trade deficit )NP )PP (PRN -- (UCP (NP (NP (QP $ *UNKN billion )QP )NP (PP from (NP (NP a revised (QP $ *UNKN billion )QP )NP (PP in (NP July )NP )PP )NP )PP )NP and (PP (ADVP well )ADVP above (NP expectations )NP )PP )UCP -- )PRN )NP and (NP (NP a (ADJP *UNKING 190-point )ADJP drop )NP (PP in (NP stock prices )NP )PP (PP on (NP Oct. 13 )NP )PP )NP )NP )PP , (NP the Federal Reserve )NP (VP *UNKED (NP short-term interest rates )NP , (S (VP *UNKING (NP *UNKED funds )NP (PP from (NP (QP around 9 )QP % )NP )PP (PP to (NP (QP 8 3\/4 )QP % )NP )PP )VP )S )VP . )S  STOP
(S But (NP *UNK (SBAR that (S (NP (NP central banks )NP (PP of (NP the (NAC (NAC (NAC Group )NAC (PP of (NP *UNKC )NP )PP )NAC (PRN -LRB- (NAC *UNKC )NAC -RRB- )PRN )NAC major industrial nations )NP )PP )NP (VP would (VP continue (NP their massive dollar sales )NP )VP )VP )S )SBAR )NP (VP went (ADVP *UNK )ADVP , (SBAR as (S (NP the market )NP (VP drove (NP the dollar )NP (ADVP downward )ADVP (PP on (NP its own )NP )PP , (S (VP *UNKING (PP to (NP (NP (NP Wall Street 's )NP (NX (NX plunge )NX and (NX subsequent price volatility )NX )NX )NP , (NP lower U.S. interest rates )NP and (NP (NP signs )NP (PP of (NP a slowing U.S. economy )NP )PP )NP )NP )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP consists (PP of (NP (NP the U.S. )NP , (NP Japan )NP , (NP Britain )NP , (NP West Germany )NP , (NP Canada )NP , (NP France )NP and (NP Italy )NP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP senior deputy manager )NP (PP in (NP (NP the treasury department )NP (PP of (NP (NP *UNKC Bank Ltd. )NP (PP in (NP Tokyo )NP )PP )NP )PP )NP )PP )NP , )NP (VP suggested (SBAR that (S (NP (NP uncertainty )NP (PP about (NP U.S. stocks and bonds )NP )PP )NP (VP has (VP made (S (NP Japanese investors )NP (ADJP *UNK (PP of (S (VP holding (NP those securities )NP (PP in (NP the near term )NP )PP )VP )S )PP )ADJP )S , (S (ADVP thus )ADVP (VP *UNKING (NP dollar demand )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S But (PRN , (S (NP Mr. *UNKC )NP (VP added )VP )S , )PRN (SBAR once (S (NP U.S. equities )NP (VP regain (NP some stability )NP )VP )S )SBAR , (NP players )NP (VP will (VP move (ADVP back )ADVP (PP into (NP (NP *UNKED investments )NP , (NP (NP (ADVP especially )ADVP Treasury bonds )NP , (SBAR (WHNP whose value )WHNP (S (VP rises (SBAR (WHADVP when )WHADVP (S (NP interest rates )NP (VP decline )VP )S )SBAR )VP )S )SBAR )NP )NP )PP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP the key *UNK- exchange rate )NP (VP is (PP at (NP *UNKN yen )NP )PP )VP )S )SBAR )VP . )S  STOP
(S `` (S (SBAR If (S (NP *UNKN )NP (VP is (VP broken )VP )VP )S )SBAR , (NP some panic )NP (VP will (VP be (VP seen )VP )VP )VP )S , '' (NP he )NP (VP predicted , (S (VP explaining (SBAR that (S (NP Japanese institutions )NP (VP are (ADJP comfortable (SBAR with (S (NP the dollar )NP (PP (ADVP anywhere )ADVP between (NP (NP current levels )NP and (NP 135 yen )NP )NP )PP )S )SBAR )ADJP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP a senior trader )NP (PP at (NP (NP Manufacturers Hanover Trust Co. )NP (PP in (NP Frankfurt )NP )PP )NP )PP )NP , )NP (VP said (SBAR (S (NP he )NP (VP expects (S (NP the dollar )NP (VP to (VP recover (PP within (NP the next three months )NP )PP (PP to (NP (QP around *UNKN )QP marks )NP )PP (SBAR as (S (NP (NP U.S. economic data )NP , (NP (ADVP particularly )ADVP U.S. trade figures )NP , )NP (VP level (PRT off )PRT )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP (VP contended (SBAR that (S (NP the Fed )NP (VP wo n't (VP ease (NP rates )NP (ADVP further )ADVP )VP )VP )S )SBAR )VP , but (VP predicted (SBAR (S (NP *UNKC officials )NP (VP will (VP *UNK (NP key rates )NP (PP in (NP West Germany )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Alfred *UNKC )NP , (NP (NP chief trader )NP (PP at (NP (NP Bank )NP (PP of (NP Boston )NP )PP (PP in (NP Frankfurt )NP )PP )NP )PP )NP , )NP (VP took (NP an opposite stance )NP )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP he )NP (VP expects (S (NP U.S. interest rates )NP (VP to (VP decline , (S (VP *UNKING (NP the dollar )NP (ADVP down )ADVP (PP to (NP (QP around *UNKN )QP marks )NP )PP (PP by (NP (NP the end )NP (PP of (NP January )NP )PP )NP )PP (PP after (NP (NP a *UNKED *UNK )NP (PP to (NP *UNKN marks )NP )PP (PP by (NP (NP the end )NP (PP of (NP November )NP )PP )NP )PP )NP )PP )VP )S )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (ADJP West German )ADJP interest rates )NP (PRN , (S (NP he )NP (VP said )VP )S , )PRN (VP will (VP remain (ADJP unchanged )ADJP )VP )VP . )S  STOP
(S `` (S But (NP I )NP (VP 'm not (NP (NP one )NP (PP of (NP (NP these great dollar bears )NP (SBAR (S (NP you )NP (VP see (ADJP more (PP of )PP )ADJP (NP these days )NP )VP )S )SBAR )NP )PP )NP )VP )S , '' (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S `` (NP I )NP (VP ca n't (ADVP really )ADVP (VP see (S (NP it )NP (VP dropping (PP (ADVP far )ADVP below (NP *UNKN marks )NP )PP )VP )S )VP )VP . '' )S  STOP
(S (NP (NP Scott *UNKC )NP , (NP (NP chief foreign exchange dealer )NP (PP with (NP (NP (NP *UNKC *UNKC )NP & (NP Co. )NP )NP (PP in (NP New York )NP )PP )NP )PP )NP , )NP (VP *UNK (NP (NP the *UNK )NP (PP of (NP a `` great dollar bear )NP )PP )NP )VP . '' )S  STOP
(S (NP He )NP (VP predicted (SBAR (S (NP the U.S. unit )NP (VP will (VP (VP *UNK (PP below (NP *UNKN marks )NP )PP (PP to (NP (QP around *UNKN )QP marks )NP )PP (NP this month )NP )VP and (VP (NP *UNKN marks )NP (PP by (NP (NP the beginning )NP (PP of (NP the new year )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP We )NP (VP 're (ADVP finally )ADVP (VP seeing (NP (NP the *UNK )NP (PP of (NP (NP all the *UNK *UNK )NP (PP of (NP the last few months )NP )PP )NP )PP )NP )VP )VP )S , '' (NP he )NP (VP said , (S (VP noting (SBAR (S (NP (NP (NP a continuing downward trend )NP (PP in (NP U.S. interest rates )NP )PP )NP , (NP a *UNK stock market )NP and `` (NP (NP *UNK economic times )NP (ADVP ahead )ADVP )NP '' )NP (NP all )NP (VP signal (NP a (ADJP significantly lower )ADJP dollar )NP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (PP In (NP (NP the wake )NP (PP of (NP (NP (NP (NAC (NAC British Chancellor )NAC (PP of (NP the Exchequer )NP )PP )NAC Nigel Lawson 's )NP surprise resignation )NP and (NP (NP sterling 's )NP subsequent *UNK- )NP )NP )PP )NP )PP , (NP most analysts )NP (VP had (NP (NP little )NP (ADJP good )ADJP (SBAR (S (VP to (VP say (PP about (NP (NP the pound 's )NP near-term prospects )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP (PP of (NP Kleinwort Benson )NP )PP )NP (VP suggested (SBAR that (S (NP (NP the new *UNK )NP , (NP John Major )NP , )NP (VP will (VP take (NP (NP a tough line )NP (PP in (NP (NP his *UNK statement )NP (NP (ADVP later )ADVP this month )NP )NP )PP )NP , (S (VP helping (S (VP to (VP *UNK (NP the pound )NP )VP )VP )S )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S But (PRN , (S (NP he )NP (VP warned )VP )S , )PRN (NP the currency )NP (VP will (VP remain (PP at (NP risk )NP )PP )VP )VP . )S  STOP
(S (PP On (NP (NP the Commodity Exchange )NP (PP in (NP New York )NP )PP )NP )PP , (NP (NP gold )NP (PP for (NP current delivery )NP )PP )NP (VP dropped (NP $ *UNKN )NP (PP to (NP (NP $ *UNKN )NP (NP an ounce )NP )NP )PP )VP (PP in (NP moderate trading )NP )PP . )S  STOP
(S (NP Estimated volume )NP (VP was (NP (QP 3.5 million )QP ounces )NP )VP . )S  STOP
(S (PP In (NP (NP early trading )NP (PP in (NP Hong Kong )NP )PP (NP Wednesday )NP )NP )PP , (NP gold )NP (VP was (VP quoted (S (PP at (NP (NP $ *UNKN )NP (NP an ounce )NP )NP )PP )S )VP )VP . )S  STOP
(S (NP (NP (NP Christopher Hill )NP (PP in (NP Tokyo )NP )PP )NP , (NP (NP Nicholas Hastings )NP (PP in (NP London )NP )PP )NP , (NP (NP *UNKC *UNKC )NP (PP in (NP Frankfurt )NP )PP )NP and (NP (NP (NP *UNKC *UNKC )NP and (NP Douglas *UNKC )NP )NP (PP in (NP New York )NP )PP )NP )NP (VP contributed (PP to (NP this article )NP )PP )VP . )S  STOP
(S (S (NP West Germany )NP (VP will (VP repeal (NP (NP the *UNK turnover tax )NP (PP on (NP securities transactions )NP )PP )NP (PP as (PP of (NP Jan. 1 , 1991 )NP )PP )PP )VP )VP )S , (NP *UNKC Minister *UNKC *UNKC )NP (VP said )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP the government )NP (VP will (ADVP also )ADVP (VP repeal (NP (NP the (ADJP 1 % )ADJP transaction tax )NP (PP on (NP (NP the *UNK- purchase )NP (PP of (NP (NP stakes )NP (PP in (NP companies )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The announcement )NP (VP follows (NP (NP several comments )NP (PP by (NP government officials )NP )PP (SBAR that (S (NP the government )NP (VP will (VP speed (PRT up )PRT (NP (NP the repeal )NP (PP of (NP the tax )NP )PP , (SBAR (WHNP which )WHNP (S (VP was (ADVP originally )ADVP (VP scheduled (S (VP to (VP fall (PP with (NP (NP the start )NP (PP of (NP (NP the single internal market )NP (PP in (NP the European Community )NP )PP )NP )PP (PP at (NP (NP the end )NP (PP of (NP 1992 )NP )PP )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The *UNK- tax )NP (VP has (VP been (ADVP long )ADVP (VP criticized (PP by (NP the (ADJP West German )ADJP financial community )NP )PP (SBAR because (S (NP it )NP (VP *UNK (S (VP to (VP drive (NP (NP securities trading )NP and (NP other banking activities )NP )NP (PP out (PP of (NP Frankfurt )NP )PP )PP (PP into (NP (NP rival financial centers )NP , (NP (NP especially London )NP , (SBAR (WHADVP where )WHADVP (S (NP trading transactions )NP (VP is n't (VP *UNKED )VP )VP )S )SBAR )NP )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (S (NP The tax )NP (VP has (VP raised (NP (NP (QP less than one billion )QP marks )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP (ADVP annually )ADVP (PP in (NP recent years )NP )PP )VP )VP )S , but (S (NP the government )NP (VP has (VP been (ADJP reluctant (S (VP to (VP *UNK (NP the *UNK )NP (PP for (NP *UNK concerns )NP )PP )VP )VP )S )ADJP )VP )VP )S . )S  STOP
(S (PP In (NP the interview )NP )PP , (NP Mr. *UNKC )NP (VP did n't (VP specify (NP (NP the amount )NP (PP of (NP revenue )NP )PP (SBAR (S (NP the government )NP (VP will (VP lose (SBAR after (S (NP the tax )NP (VP *UNK )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (S (NP The new date )NP (VP means (SBAR that (S (NP the tax )NP (VP will (VP be (ADVP officially )ADVP (VP *UNKED (PP before (NP (NP the end )NP (PP of (NP the current parliamentary term )NP )PP (PP at (NP (NP the end )NP (PP of (NP 1990 )NP )PP )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP )S and (S (VP guarantees (NP its *UNK )NP (SBAR even if (S (NP the current *UNK- coalition )NP (VP *UNK (NP the elections )NP (PP in (NP December 1990 )NP )PP )VP )S )SBAR )VP )S . )S  STOP
(S (NP (ADVP Earlier )ADVP this year )NP , (NP President Bush )NP (VP made (NP (NP (NP a final `` *UNK- it '' offer )NP (PP on (NP the minimum wage )NP )PP )NP : (NP (NP an increase )NP (PP to (NP (NP $ 4.25 )NP (NP an hour )NP )NP )PP (UCP (PP over (NP three years )NP )PP , and (SBAR (ADVP only )ADVP if (S (VP accompanied (PP by (NP (NP a lower wage )NP (PP for (NP (NP the first six months )NP (PP of (NP a job )NP )PP )NP )PP )NP )PP )VP )S )SBAR )UCP )NP )NP )VP . )S  STOP
(S (INTJ Now )INTJ , (NP the White House )NP (VP has (VP decided (S (VP to (VP accept (NP (NP the higher wage )NP (PP over (NP only two years )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP The *UNK- wage )NP (VP would (VP apply (PP (ADVP only )ADVP to (NP *UNK- *UNK- workers )NP )PP (PP for (NP 90 days )NP )PP )VP )VP . )S  STOP
(S (NP The White House )NP (VP (VP had (NP enough votes (S (VP to (VP sustain (NP a veto )NP )VP )VP )S )NP )VP but (VP chose (S (VP to (VP avoid (NP a confrontation )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP The only permanent losers )NP (VP will (VP be (NP (NP the (QP 200,000 or so )QP workers )NP (SBAR (S (NP everyone )NP (VP agrees (SBAR (S (VP will (VP be (VP priced (PP out (PP of (NP a job )NP )PP )PP (PP at (NP (NP the (ADJP $ 4.25 )ADJP rate )NP (SBAR (S (NP Congress )NP (VP is (ADJP likely (S (VP to (VP approve )VP )VP )S )ADJP (NP today )NP )VP )S )SBAR )NP )PP )VP )VP )VP )S )SBAR )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP is (NP (NP *UNK )NP (PP such as (NP this )NP )PP )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP (NP Washington 's )NP *UNK )NP (SBAR that (S (SBAR if (S (NP they )NP (ADVP simply )ADVP (VP stay (NP the course )NP )VP )S )SBAR , (NP this administration )NP (VP will (VP *UNK (PP from (NP its own course )NP )PP (PP on (NP (ADJP this and other )ADJP issues )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The head trader )NP (PP of (NP (NP Chemical Banking Corp. 's )NP interest-rate options group )NP )PP )NP (VP has (VP left (NP the company )NP , (PP following (NP (NP *UNK errors )NP (SBAR (WHNP that )WHNP (S (VP resulted (PP in (NP (NP a (ADJP (QP $ 33 million )QP )ADJP charge )NP (PP against (NP its third-quarter results )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (S (NP Chemical )NP (VP said (SBAR (S (NP Steven *UNKC )NP (VP resigned (ADVP recently )ADVP )VP )S )SBAR )VP )S , but (S (NP (NP one individual )NP (ADVP close (PP to (NP the situation )NP )PP )ADVP )NP (VP said (SBAR (S (NP the resignation )NP (VP was (VP forced )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP Mr. *UNKC )NP (VP could n't (VP be (VP reached (PP for (NP comment )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP A separate inquiry )NP (PP by (NP Chemical )NP )PP )NP (VP cleared (NP Mr. *UNKC )NP (PP of (NP allegations (SBAR that (S (NP he )NP (VP had (VP been (VP (ADVP *UNKLY )ADVP *UNKED (PP by (NP a New York money broker )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP That inquiry )NP (VP has n't (VP resolved (NP (NP similar allegations )NP (VP involving (NP another Chemical options trader )NP )VP )NP )VP )VP . )S  STOP
(PP In (NP (NP other personnel changes )NP (VP stemming (PP from (NP (NP problems )NP (PP in (NP its options unit )NP )PP )NP )PP )VP )NP : )PP  STOP
(S (LST -- )LST (NP Chemical )NP (VP named (S (NP (NP James Kennedy )NP , (NP (NP a trader )NP (PP in (NP (NP *UNK contracts )NP (PP for (NP the bank )NP )PP )NP )PP )NP , )NP (VP (VP to (VP assume (NP (NP Mr. *UNKC 's )NP duties )NP )VP )VP and (VP to (VP be (NP (NP trading manager )NP (PP for (NP (NP derivative products )NP , (PP including (NP (NP *UNK )NP and (NP interest-rate options )NP )NP )PP )NP )PP )NP )VP )VP )VP )S )VP . )S  STOP
(S (LST -- )LST (NP (NP Lee *UNKC )NP , (NP (NP vice president )NP (PP in (NP (NP charge )NP (PP of (NP options research )NP )PP )NP )PP (SBAR (WHNP who )WHNP (S (VP (VP discovered (NP the *UNK errors )NP )VP and (VP was (VP asked (PP by (NP senior management )NP )PP (S (VP to (VP *UNK (PRT out )PRT (NP the mess )NP )VP )VP )S )VP )VP )VP )S )SBAR )NP , )NP (VP resigned (S (VP to (VP take (NP (NP a position )NP (PP in (NP asset and liability management )NP )PP (PP at (NP (NP Continental Bank )NP (PP in (NP Chicago )NP )PP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (SBAR (WHNP whom )WHNP (S (NP Chemical )NP (VP tried (S (VP to (VP keep )VP )VP )S )VP )S )SBAR , )NP (VP did n't (VP return (NP (NP calls )NP (PP for (NP comment )NP )PP )NP )VP )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP Chemical )NP (VP confirmed (SBAR that (S (NP it )NP (VP took (NP (NP an *UNKED charge )NP )NP (PP in (NP the second quarter )NP )PP (PP for (NP (NP losses )NP (PP on (NP (NP *UNK- agreements )NP (VP involving (NP (NP foreign currency )NP (VP written (PP by (NP (NP its branch )NP (PP in (NP (NP Frankfurt )NP , (NP West Germany )NP )NP )PP )NP )PP )VP )NP )VP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP A Chemical spokeswoman )NP (VP said (SBAR (SBAR (S (NP the *UNK- charge )NP (VP was `` not (ADJP material )ADJP '' )VP )S )SBAR and (SBAR that (S (NP no personnel changes )NP (VP were (VP made (PP as (NP a result )NP )PP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP The spokeswoman )NP (VP said (SBAR (S (NP the Frankfurt situation )NP (VP was `` (ADJP totally different '' (PP from (NP (NP problems )NP (PP in (NP the interest-rate options unit )NP )PP )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (PP According (PP to (NP (NP individuals )NP (ADJP familiar (PP with (NP the situation )NP )PP )ADJP )NP )PP )PP , (NP the Frankfurt loss )NP (VP stemmed (PP from (NP (NP a computer program )NP (PP for (S (VP *UNKING (NP (NP prices )NP (PP on (NP (NP *UNK- agreements )NP (SBAR (WHNP that )WHNP (S (VP failed (S (VP to (VP *UNK (NP (NP an interest-rate environment )NP (SBAR (WHADVP where )WHADVP (S (NP short-term rates )NP (VP were (ADJP (ADJP equal (PP to )PP )ADJP or (ADJP higher (PP than )PP )ADJP (NP long-term rates )NP )ADJP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )NP )PP )NP )VP )S )PP )NP )PP )VP . )S  STOP
(S (SBAR While (S (NP (NP the *UNK )NP (VP involving (NP (NP interest-rate options )NP and (NP *UNK- agreements )NP )NP )VP )NP (VP are (ADJP unrelated )ADJP )VP )S )SBAR , (NP some observers )NP (VP say (SBAR (S (NP they )NP (VP *UNK (NP (NP a 1987 incident )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP Bankers Trust New York Corp. )NP (VP restated (NP (NP the value )NP (PP of (NP its foreign exchange options contracts )NP )PP )NP (ADVP downward (PP by (NP (QP about $ 80 million )QP )NP )PP )ADVP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP These complex products )NP (VP require (NP close monitoring )NP (SBAR because (S (NP each )NP (VP must (VP be (VP valued (ADVP separately )ADVP )VP )VP )VP (PP in (NP (NP light )NP (PP of (NP current market conditions )NP )PP )NP )PP )S )SBAR )VP . )S  STOP
(S (PP In (NP an interest-rate options contract )NP )PP , (NP a client )NP (VP pays (NP a fee )NP (PP to (NP a bank )NP )PP (PP for (NP (NP *UNKED protection )NP (PP against (NP adverse interest-rate swings )NP )PP (PP for (NP a specified period )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP a *UNK- agreement )NP )PP , (NP a client )NP (VP agrees (PP to (NP (NP an exchange rate )NP (PP on (NP a future currency transaction )NP )PP )NP )PP )VP . )S  STOP
(S (NP Some competitors )NP (VP maintain (SBAR (S (NP the *UNK option loss )NP , (PP in (NP particular )NP )PP , (VP may (VP have (VP resulted (PP (ADVP more )ADVP from (S (NP Chemical 's )NP (VP taking (NP (ADJP (ADJP large )ADJP and (ADJP often *UNK )ADJP )ADJP positions )NP )VP )S (PP than (NP a *UNK problem )NP )PP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (VP *UNKED (NP three years ago )NP )VP )S , (NP (NP Chemical 's )NP interest-rate options group )NP (VP was (NP (NP a leading force )NP (PP in (NP the field )NP )PP )NP )VP . )S  STOP
(S (PP (PP From (NP 1987 )NP )PP (PP to (NP 1988 )NP )PP )PP , (NP (NP the value )NP (PP of (NP (NP (NP Chemical 's )NP option contracts )NP (ADJP outstanding )ADJP )NP )PP )NP (VP *UNKED (PP to (NP (QP $ 37 billion )QP )NP )PP (PP from (NP (QP $ 17 billion )QP )NP )PP )VP . )S  STOP
(S (ADVP More *UNKLY )ADVP , (NP (NP the volume )NP (PP of (NP (NP options )NP (VP written )VP )NP )PP )NP (VP exceeded (NP (NP those )NP (VP purchased )VP )NP (PP by (ADVP almost *UNKN )ADVP )PP )VP . )S  STOP
(S (PP With (NP (NP such a *UNKED book )NP (PP of (NP options )NP )PP )NP )PP (PRN , (S (NP traders )NP (VP say )VP )S , )PRN (NP Chemical )NP (VP was (ADJP more vulnerable (PP to (NP *UNK *UNK *UNK )NP )PP )ADJP )VP . )S  STOP
(S (NP The Chemical spokeswoman )NP (VP said (SBAR (S (NP the bank )NP (VP has (VP *UNKED (NP its (NX (NX *UNK )NX and (NX internal controls )NX )NX )NP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP We )NP (VP consider (S (NP our internal controls )NP (VP to (VP have (VP worked (ADVP well )ADVP )VP )VP )VP )S )VP )S , '' (NP she )NP (VP said , (S (VP adding (SBAR that (S (NP some procedures )NP (VP have (VP been (VP *UNKED )VP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP Its *UNK *UNK )NP (PRN , (S (NP she )NP (VP said )VP )S , )PRN `` (VP are (VP recognized (PP as (NP (NP some )NP (PP of (NP (NP the best )NP (PP on (NP the Street )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Not a lot )NP (VP was (VP needed (S (VP to (VP be (VP done )VP )VP )VP )S )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP Thomas W. Wathen )NP (VP went (ADVP big league )ADVP (NP last year )NP )VP )S )SBAR , (NP he )NP (VP acquired (NP (NP (NP a *UNK- )NP (PP of (NP *UNKC )NP )PP )NP (CONJP along with )CONJP (NP (NP a (ADJP well-known but *UNKING )ADJP security business )NP : (NP (NP Pinkerton 's )NP Inc )NP )NP )NP )VP . )S  STOP
(S (NP There )NP (VP was (NP (NP (NP a wanted *UNK )NP (VP offering `` (NP (NP *UNKC )NP (PP for (NP (NP the *UNKC )NP (PP of (NP Express and *UNKC *UNKC (NX (NX Frank James )NX and (NX *UNKC W. James )NX )NX )NP )PP )NP )PP )NP '' )VP )NP and (NP (NP the original (NP Pinkerton 's )NP *UNK )NP (PP with (NP (NP an open eye )NP and (NP (NP the *UNK )NP `` (S (NP We )NP (ADVP *UNKC )ADVP (VP *UNKC )VP )S , '' )NP )NP )PP (SBAR (WHNP which )WHNP (S (VP *UNKED (NP (NP the *UNK )NP `` (NP private eye )NP )NP )VP )S )SBAR )NP )NP )VP . '' )S  STOP
(S (ADVP Then )ADVP (NP there )NP (VP were (NP (NP two gold *UNK )NP (VP (ADVP once )ADVP owned (PP by (NP (NP *UNKC Pinkerton )NP , (SBAR (WHNP who )WHNP (S (VP founded (NP the company )NP (PP in (NP Chicago )NP )PP (PP in (NP *UNKN )NP )PP )VP )S )SBAR )NP )PP )VP )NP )VP . )S  STOP
(S (S But (NP there )NP (VP were (VP supposed (S (VP to (VP be (NP three )NP )VP )VP )S )VP )VP )S , (NP (NP Mr. Wathen 's )NP company )NP (VP claims )VP . )S  STOP
(S (NP The missing watch )NP (VP is (ADJP *UNK (PP of (NP (NP the problems )NP (SBAR (S (NP Mr. Wathen )NP (VP *UNKED (PP in (S (VP building (NP his (ADJP closely held )ADJP California Plant Protection Security Service )NP (PP into (NP (NP the largest *UNK and security agency )NP (PP in (NP the U.S. )NP )PP )NP )PP (PP through (NP acquisitions )NP )PP )VP )S )PP )VP )S )SBAR )NP )PP )ADJP )VP . )S  STOP
(S (NP The *UNK- Mr. Wathen )NP (VP has (VP learned (SBAR that (S (SBAR while (S (S (VP acquiring (NP a big *UNK- company )NP )VP )S (VP can (VP be (NP (NP a *UNK )NP (PP to (NP growth )NP )PP )NP )VP )VP )S )SBAR , (NP it )NP (VP can (ADVP also )ADVP (VP bring (NP (NP a host )NP (PP of (NP *UNK problems )NP )PP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP cleared (PRT out )PRT (NP (NP a lot )NP (PP of (NP (NP *UNK ' )NP *UNK )NP )PP )NP )VP )S , '' (VP says )VP (NP the *UNK- security veteran )NP . )SINV  STOP
(S (NP (NP Mr. Wathen )NP , (SBAR (WHNP who )WHNP (S (VP (VP started (NP (NP his career )NP (PP as (NP an Air Force *UNK )NP )PP )NP )VP and (VP worked (PP as (NP a security officer )NP )PP (PP for (NP several large companies )NP )PP )VP )VP )S )SBAR , )NP (VP built (NP his California Plant Protection )NP (PP from (NP (NP a tiny *UNK- security *UNK firm )NP (ADVP here (PP in (NP the San *UNKC Valley )NP )PP )ADVP )NP )PP )VP . )S  STOP
(S (S (NP He )NP (VP joined (NP the firm )NP (PP in (NP *UNKN )NP )PP )VP )S and (S (VP bought (NP it )NP (PP from (NP the owners )NP )PP (NP the next year )NP )VP )S . )S  STOP
(S (PP Over (NP the next 20 years )NP )PP , (NP California Plant Protection )NP (VP opened (NP 125 offices )NP (PP around (NP the country )NP )PP )VP . )S  STOP
(S Yet (SBAR although (S (NP California Plant Protection )NP (VP was (VP *UNKING (NP (ADJP bigger and bigger )ADJP clients )NP (PRN -- (S (NP the firm )NP (VP provided (NP security )NP (PP for (NP (NP the 1984 *UNKC *UNKC )NP (PP in (NP Los Angeles )NP )PP )NP )PP )VP )S -- )PRN )VP )VP )S )SBAR (NP it )NP (ADVP still )ADVP (VP did n't (VP have (NP (NP the name recognition )NP (PP of (NP Pinkerton 's )NP )PP )NP )VP )VP . )S  STOP
(S So (SBAR (WHADVP when )WHADVP (S (NP American Brands Inc. )NP (VP decided (S (VP to (VP sell (NP the unit )NP (PP in (NP 1987 )NP )PP (PP as (NP (NP part )NP (PP of (NP (NP a *UNK )NP (PP of (NP its food and security industries operations )NP )PP )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR , (NP Mr. Wathen )NP (VP saw (NP a chance (S (VP to (VP *UNK (NP several objectives )NP )VP )VP )S )NP )VP . )S  STOP
(S (NP He )NP (VP decided (SBAR (S (NP he )NP (VP could (ADVP easily )ADVP (VP merge (NP (NP Pinkerton 's )NP operations )NP (PP with (NP his own )NP )PP (SBAR while (S (VP *UNKING (NP *UNK costs )NP )VP )S )SBAR (SBAR because (S (NP the two )NP (ADVP already )ADVP (VP operated )VP (PP in (NP (NP many )NP (PP of (NP the same cities )NP )PP )NP )PP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP He )NP (VP could (VP acquire (NP (NP a staff )NP (PP of (NP (NP loyal (NP Pinkerton 's )NP employees )NP , (SBAR (WHNP (NP many )NP (WHPP of (WHNP whom )WHNP )WHPP )WHNP (S (VP had (VP spent (NP their entire *UNK )NP (PP with (NP the firm )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S , (S (NP he )NP (VP could (VP eliminate (NP a competitor )NP )VP )VP )S and (S (NP he )NP (VP could (VP get (NP (NP the name recognition )NP (SBAR (S (NP he )NP (VP 'd (VP wanted )VP )VP )S )SBAR )NP )VP )VP )S . )S  STOP
(S (NP Mr. Wathen )NP (ADVP also )ADVP (VP *UNKED (NP the chance (S (VP to (VP *UNK (SBAR (S (NP (NP an entrepreneur )NP (PP like (NP himself )NP )PP , (SBAR (WHNP who )WHNP (S (VP 'd (VP spent (NP his whole career )NP (PP in (NP the security business )NP )PP )VP )VP )S )SBAR , )NP (VP could (VP run (NP Pinkerton 's )NP (ADVP (ADVP better )ADVP (PP than (NP an (NX (NX *UNKED conglomerate )NX or (NX investment banker )NX )NX )NP )PP )ADVP )VP )VP )S )SBAR )VP )VP )S )NP )VP . )S  STOP
(S `` (NP The security business )NP (VP is (NP my favorite subject )NP )VP . )S  STOP
(S (S (NP I )NP (VP love (NP this business )NP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (NP (NP Most )NP (PP of (NP the LBO guys )NP )PP )NP (VP do n't (VP know (SBAR (WHADVP how )WHADVP (S (VP to (VP run (NP a business )NP (ADVP anyway )ADVP )VP )VP )S )SBAR )VP )VP . '' )S  STOP
(S But (NP there )NP (VP were (NP (NP *UNK )NP , (SBAR not (WHNP (NP the least )NP (WHPP of (WHNP which )WHNP )WHPP )WHNP (S (VP was (SBAR that (PRN , (S (NP Mr. Wathen )NP (VP says )VP )S , )PRN (S (NP he )NP (VP *UNKED (ADVP almost *UNKLY )ADVP (PP in (S (VP doing (NP (NP the (ADJP (QP $ 95 million )QP )ADJP acquisition )NP , (SBAR (WHNP which )WHNP (S (VP was (VP completed (PP in (NP January 1988 )NP )PP )VP )VP )S )SBAR )NP )VP )S )PP )VP )S )SBAR )VP )S )SBAR )NP )VP . )S  STOP
(S `` (NP We )NP (VP were n't (VP allowed (S (VP to (VP do (NP any due *UNK )NP )VP )VP )S (PP because of (NP competitive reasons )NP )PP )VP )VP . )S  STOP
(S (S (SBAR If (S (NP we )NP (VP had )VP )S )SBAR , (NP it )NP (VP might (VP have (VP scared (NP us )NP (PRT off )PRT )VP )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (S (NP (NP Five years )NP (PP of (NP (NP rapid expansion )NP (PP under (NP American Brands )NP )PP , (PP with (NP (NP an emphasis )NP (PP on (S (VP (VP marketing (NP (NP the agency 's )NP services )NP )VP (CONJP instead of )CONJP (VP improving (NP them )NP )VP )VP )S )PP )NP )PP , )NP )PP )NP (VP had (VP hurt (NP (NP Pinkerton 's )NP profits )NP )VP )VP )S , (NP Mr. Wathen )NP (VP claims )VP . )S  STOP
(S (NP He )NP (VP says (SBAR (S (NP his team )NP (VP could n't (VP tell (SBAR whether (S (NP (NP accounts )NP (ADJP *UNK )ADJP )NP (VP had (VP been (VP paid )VP )VP )VP )S or not )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Pinkerton 's )NP (VP had (VP *UNKED (NP itself )NP (PP into (NP *UNK- contracts )NP )PP (S (VP to (VP win (NP new business )NP )VP )VP )S , (PP with (NP (NP no hope )NP (PP of (NP profitability )NP )PP (SBAR until (S (NP the contracts )NP (VP expired )VP )S )SBAR )NP )PP )VP )VP , )S (NP he )NP (VP adds )VP . )S  STOP
(S And (S (NP regional offices )NP (VP were `` (ADJP *UNKLY *UNKED )ADJP , '' )VP )S (NP he )NP (VP claims )VP . )S  STOP
(S (S (NP One office )NP (VP had (S (NP 19 people )NP (VP doing (NP (NP the work )NP (PP of (NP three )NP )PP )NP )VP )S )VP )S , `` and (S (NP (NP half )NP (PP of (NP the employees )NP )PP )NP (VP had (NP company *UNK )NP )VP )S . '' )S  STOP
(S (NP American Brands )NP (VP declined (S (VP to (VP comment (PP on (NP (NP Mr. Wathen 's )NP *UNK )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The acquisition )NP (VP combined (NP (NP (NP (NP (NP the country 's )NP second-largest security company )NP , (NP Pinkerton 's )NP )NP , (PP with (NP (NP 1987 sales )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP , )NP and (NP (NP (NP the (ADJP fourth largest )ADJP )NP , (NP California Plant Protection )NP )NP , (PP with (NP (NP (QP $ 250 million )QP )NP (PP in (NP sales )NP )PP )NP )PP )NP )NP , (S (VP creating (NP (NP (NP the industry 's )NP biggest firm )NP , (SBAR (WHNP which )WHNP (S (VP took (PRT on )PRT (NP the (NP Pinkerton 's )NP name )NP )VP )S )SBAR )NP )VP )S )VP . )S  STOP
(SINV (S (PP (ADVP Even )ADVP after (S (VP *UNKING (NP itself )NP (PP of (NP (NP (QP $ 120 million )QP )NP (PP of (NP *UNK business )NP )PP )NP )PP )VP )S )PP , (NP the new (NX Pinkerton 's )NX )NP (VP will (VP have (NP (NP (NP sales )NP (PP of (NP (QP about $ *UNKN million )QP )NP )PP (NP this year )NP )NP and (NP (NP operating profit )NP (NP (NP (QP roughly double )QP the industry average )NP (PP of (NP (NP (QP *UNKN % )QP )NP (PP of (NP sales )NP )PP )NP )PP )NP )NP )NP )VP )VP )S , (VP says )VP (NP (NP Lloyd *UNKC )NP (PP of (NP (NP (NP *UNKC & Co. )NP (PP in (NP Los Angeles )NP )PP )NP , (SBAR (WHNP which )WHNP (S (VP arranged (NP the (NP Pinkerton 's )NP acquisition )NP )VP )S )SBAR )NP )PP )NP . )SINV  STOP
(S (NP Mr. Wathen )NP (VP says (SBAR (S (NP (NP his turnaround strategy )NP )NP (VP has (VP been (ADJP simple )ADJP : (S (ADVP just )ADVP (VP *UNK (PRT away )PRT (PP at (NP the fat )NP )PP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP began (PP by (S (VP closing (NP (NP 120 )NP (PP of (NP (NP the combined companies ' )NP *UNKN offices )NP )PP )NP (PP in (NP two months )NP )PP , (S (VP eliminating (NP (NP (NP (QP about 31 )QP % )NP (PP of (NP (NP the company 's )NP *UNK- *UNK staff )NP )PP )NP , (PP including (NP (QP more than 100 )QP sales positions )NP )PP )NP )VP )S )VP )S )PP )VP . )S  STOP
(S (NP He )NP (VP shut (PRT down )PRT (NP (NP the company 's )NP *UNK New York headquarters )NP )VP . )S  STOP
(S (NP (NP Pinkerton 's )NP world headquarters )NP (NP today )NP (VP is (NP (NP a *UNK , *UNK- office building )NP (PP across (NP the street )NP (PP from (NP the small Van *UNKC Airport )NP )PP )PP )NP )VP . )S  STOP
(S (ADVP Next )ADVP , (NP Mr. Wathen )NP (VP raised (NP (NP (NP Pinkerton 's )NP rates )NP , (SBAR (WHNP which )WHNP (S (VP were (ADJP (ADJP (NP *UNK- )NP lower )ADJP (PP than (NP (NP (NP California Plant Protection 's )NP average rate )NP (PP of (NP (QP around $ *UNKN )QP )NP )PP )NP )PP )ADJP )VP )S )SBAR )NP )VP . )S  STOP
(S And (NP he )NP (VP got (VP rid (PP of (NP (NP *UNK- businesses )NP (SBAR (WHNP that )WHNP (S (ADVP just )ADVP (VP were n't (VP making (NP money )NP (PP for (NP the company )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP Mr. Wathen )NP , (SBAR (WHNP who )WHNP (S (VP says (SBAR (S (NP Pinkerton 's )NP (VP had (NP (NP a loss )NP (PP of (NP (QP nearly $ 8 million )QP )NP )PP )NP (PP in (NP 1987 )NP )PP (PP under (NP American Brands )NP )PP )VP )S )SBAR )VP )S )SBAR , )NP (VP boasts (SBAR that (S (NP he )NP (VP 's (VP made (S (NP Pinkerton 's )NP (ADJP profitable )ADJP (ADVP again )ADVP )S )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP Mr. Wathen 's )NP team )NP (ADVP still )ADVP (VP must (VP pay (PRT down )PRT (NP (NP (QP about $ *UNK million )QP )NP (PP of (NP long-term bank debt )NP )PP (PP from (NP the acquisition )NP )PP )NP )VP )VP (PP within (NP the next four years )NP )PP . )S  STOP
(S (S (NP Last year )NP , (NP (NP earnings )NP (PP of (NP the combined companies )NP )PP )NP (VP did n't (VP cover (NP debt service )NP )VP )VP )S and (S (NP Pinkerton 's )NP (VP was (VP forced (S (VP to (VP borrow (NP (NP (QP $ 20 million )QP )NP (PP of (NP subordinated debt )NP )PP )NP )VP )VP )S )VP )VP )S . )S  STOP
(S `` (S (NP We )NP (VP would n't (VP have (VP had (S (VP to (VP *UNK )VP )VP )S (SBAR if (S (NP (NP a lot )NP (PP of (NP the problems )NP )PP )NP (VP had n't (VP been (ADVP there )ADVP )VP )VP )S )SBAR )VP )VP )VP )S , '' (NP Mr. Wathen )NP (VP says )VP . )S  STOP
(S (NP This year )NP , (NP Mr. Wathen )NP (VP says (SBAR (S (NP the firm )NP (VP will (VP be (ADJP able (S (VP to (VP (VP service (NP debt )NP )VP and (VP (ADVP still )ADVP turn (NP a modest profit )NP )VP )VP )VP )S )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Now )ADVP (NP Pinkerton 's )NP (VP could (VP become (ADJP *UNKED (PP in (NP (NP a *UNKED legal *UNK )NP (PP with (NP its former parent )NP )PP )NP )PP )ADJP )VP )VP . )S  STOP
(S (NP The company )NP (ADVP recently )ADVP (VP filed (NP suit )NP (PP in (NP (NP state court )NP (PP in (NP Los Angeles )NP )PP )NP )PP (PP against (NP American Brands )NP )PP , (S (VP seeking (NP (NP (QP at least $ 40 million )QP )NP (PP in (NP damages )NP )PP )NP (PP from (NP the (ADJP Old Greenwich , *UNKED )ADJP company )NP )PP )VP )S )VP . )S  STOP
(S (NP The suit )NP (VP alleges (SBAR that (S (NP American Brands )NP (VP (VP *UNKED (NP (NP the financial condition )NP (PP of (NP Pinkerton 's )NP )PP (PP before (NP the sale )NP )PP )NP )VP , (VP failed (S (VP to (VP disclose (NP (NP (NP pending lawsuits )NP and (NP material contracts )NP )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP Pinkerton 's )NP (VP was (PP in (NP default )NP )PP )VP )S )SBAR )NP )VP )VP )S )VP , (VP had n't (VP registered (NP the (NP Pinkerton 's )NP name and *UNK )NP (PP in (NP the United Kingdom )NP )PP )VP )VP and (VP did n't (VP tell (NP California Plant Protection )NP (PP about (NP some labor *UNK )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (S (NP We )NP (VP have (ADVP previously )ADVP (VP had (NP (NP discussions )NP (PP with (NP (NP representatives )NP (PP of (NP (NP Pinkerton 's )NP Inc. )NP )PP )NP )PP (PP concerning (NP (NP the -LCB- sale )NP (PP of (NP the company )NP )PP -RCB- )NP )PP )NP )VP )VP )S and (S (NP we )NP (VP concluded (SBAR that (S (NP we )NP (VP did not (VP have (NP liability )NP (PP under (NP the contract )NP )PP )VP )VP )S )SBAR )VP )S , '' )S (VP says )VP (NP American Brands )NP . )SINV  STOP
(S `` (SBAR As (S (NP this )NP (VP is (ADVP now )ADVP (NP a litigation matter )NP )VP )S )SBAR , (NP we )NP (VP have (NP no further comment )NP )VP . '' )S  STOP
(S And (ADVP then )ADVP (NP there )NP (VP 's (NP (NP the case )NP (PP of (NP the missing gold watch )NP )PP )NP )VP . )S  STOP
(S (NP The lawsuit )NP (VP alleges (SBAR that (S (NP (NP an inventory )NP (PP of (NP (NP Pinkerton 's )NP *UNK )NP )PP )NP (VP disclosed (SBAR that (S (NP (NP one )NP (PP of (NP the *UNK )NP )PP )NP (VP had n't (VP been (VP *UNKED (PRT over )PRT (PP by (NP American Brands )NP )PP )VP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP (NP American *UNKC 's )NP failure (S (VP to (VP *UNK (NP the gold watch )NP )VP )VP )S )NP (VP has (VP (VP damaged (NP new (NX Pinkerton 's )NX )NP (PP in (NP (NP an amount )NP (SBAR as yet -LCB- (S (VP to (VP be -RCB- (VP determined )VP )VP )VP )S )SBAR )NP )PP )VP and (VP *UNKED (NP it )NP (PP of (NP (NP a valuable *UNK )NP (SBAR (WHPP for (WHNP which )WHNP )WHPP (S (NP it )NP (VP had (VP *UNKED )VP )VP )S )SBAR )NP )PP )VP )VP )VP )S , '' (NP the suit )NP (VP charges )VP . )S  STOP
(SINV (S (NP (NP The key )NP (PP to (NP (NP Pinkerton 's )NP future )NP )PP )NP (VP will (VP be (S (VP *UNKING (PP to (SBAR (SBAR (WHNP what )WHNP (S (NP it )NP (VP does (ADVP best )ADVP )VP )S )SBAR -- (S (VP being (NP a security company )NP )VP )S )SBAR )PP )VP )S )VP )VP )S , (VP says )VP (NP Mr. Wathen )NP . )SINV  STOP
(S (NP The company )NP (VP is (ADVP also )ADVP (VP *UNKING (NP (NP its emphasis )NP (PP on (NP (NP investigations )NP , (NP (NP particularly *UNK investigations )NP (PP for (NP corporations )NP )PP )NP )NP )PP )NP )VP )VP . )S  STOP
(S (SBAR Although (S (NP investigations )NP (ADVP now )ADVP (VP account (PP for (NP (NP (QP only about 5 )QP % )NP (PP of (NP (NP Pinkerton 's )NP total revenue )NP )PP )NP )PP )VP )S )SBAR , (S (NP (NP that side )NP (PP of (NP the business )NP )PP )NP (VP has (ADVP traditionally )ADVP (VP been (NP (NP the (ADJP more `` *UNK '' )ADJP )NP (PP of (NP the two )NP )PP )NP )VP )VP )S and (S (NP it )NP (VP carries (NP (ADJP historical and *UNK )ADJP value )NP )VP )S . )S  STOP
(S -LRB- (NP (NP *UNKC *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP wrote `` (NP The *UNKC *UNKC )NP , '' )VP )S )SBAR )NP (VP was (NP a former (NP Pinkerton 's )NP *UNK )NP )VP . -RRB- )S  STOP
(S (S (NP American Brands )NP `` (ADVP just )ADVP (VP had (NP a different approach )NP )VP , '' )S (NP Mr. Wathen )NP (VP says )VP . )S  STOP
(S `` (S (NP Their approach )NP (VP did n't (VP work )VP )VP )S ; (S (NP mine )NP (VP is )VP )S . )S  STOP
(S (S (NP (NP Farm prices )NP (PP in (NP October )NP )PP )NP (VP edged (ADVP up (NP 0.7 % )NP (PP from (NP September )NP )PP )ADVP (SBAR as (S (NP raw milk prices )NP (VP continued (NP their rise )NP )VP )S )SBAR )VP )S , (NP the Agriculture Department )NP (VP said )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (VP sold (PP to (NP (NP the nation 's )NP *UNK plants and dealers )NP )PP )VP )NP (VP averaged (NP (NP $ *UNKN )NP (PP for (NP each hundred pounds )NP )PP )NP , (ADVP (ADVP up (NP 50 cents )NP (PP from (NP September )NP )PP )ADVP and (ADVP up (NP $ 1.50 )NP (PP from (NP October 1988 )NP )PP )ADVP )ADVP )VP )S , (NP the department )NP (VP said )VP . )S  STOP
(S (S (NP (NP Commercial *UNK )NP , (VP led (PP by (NP *UNK and *UNK )NP )PP )VP , )NP (VP rose (NP 19 % )NP (PP in (NP October )NP )PP )VP )S ; (S (NP (NP *UNK )NP and (NP other *UNK )NP )NP (VP rose (NP 5 % )NP )VP )S . )S  STOP
(S (NP *UNKC prices )NP (VP fell (NP 6.5 cents )NP (PP in (NP October )NP )PP (PP to (NP (NP *UNKN cents )NP (NP a pound )NP )NP )PP , (SBAR while (S (NP *UNK prices )NP (VP rose (NP (NP 1.2 cents )NP (NP a pound )NP )NP (PP to (NP *UNKN cents )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Egg prices )NP (VP averaged (NP (NP *UNKN cents )NP (NP a dozen )NP )NP , (ADVP down (NP 0.2 cent )NP (PP from (NP September )NP )PP )ADVP )VP . )S  STOP
(S (NP *UNKC )NP (VP rose (NP $ *UNKN )NP (PP to (NP (NP $ *UNKN )NP (NP a *UNK )NP )NP )PP (PP in (NP October )NP )PP , (SBAR while (S (S (NP beef cattle )NP (VP slipped (NP 80 cents )NP (PP to (NP (NP $ *UNKN )NP (PP for (NP each hundred pounds )NP )PP )NP )PP )VP )S and (S (NP *UNK )NP (VP dropped (NP 90 cents )NP (PP to (NP $ *UNKN )NP )PP )VP )S )S )SBAR )VP . )S  STOP
(S (S (NP *UNKC )NP (VP averaged (NP (NP $ *UNKN )NP (NP a *UNK )NP )NP , (ADVP down (NP 42 cents )NP (PP from (NP September )NP )PP )ADVP )VP )S ; (S (S (NP corn )NP (VP averaged (NP $ *UNKN )NP , (ADVP down (NP seven cents )NP )ADVP )VP )S , and (S (NP *UNK grain )NP (VP averaged (NP (NP $ *UNKN )NP (PP for (NP each hundred pounds )NP )PP )NP , (ADVP down (NP 19 cents )NP )ADVP , (PP according (PP to (NP the department )NP )PP )PP )VP )S )S . )S  STOP
(S (NP (NP Paramount Communications Inc. )NP , (NP New York )NP , )NP (VP completed (NP (NP the sale )NP (PP of (NP its Associates Corp. consumer and commercial finance subsidiary )NP )PP (PP to (NP (NP a unit )NP (PP of (NP Ford Motor Co. )NP )PP )NP )PP (PP for (NP (QP $ *UNKN billion )QP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Paramount )NP , (SBAR (WHNP which )WHNP (S (VP agreed (S (VP to (VP sell (NP the unit )NP (PP in (NP July )NP )PP )VP )VP )S )VP )S )SBAR , )NP (VP said (SBAR (S (NP it )NP (VP would (VP realize (NP (NP (NP net proceeds )NP (PP from (NP the sale )NP )PP (PP of (NP (QP $ 2.6 billion )QP )NP )PP )NP , (PP with (NP (NP an after-tax gain )NP (PP of (NP (QP $ 1.2 billion )QP )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Paramount )NP (VP said (SBAR (S (NP the gain )NP (VP would (VP be (VP recorded (PP in (NP (NP its fourth quarter )NP , (SBAR (WHNP which )WHNP (S (VP ended (NP yesterday )NP )VP )S )SBAR )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Paramount )NP (VP said (SBAR (S (NP the sale )NP (VP `` (VP *UNK (NP (NP the strategic restructuring )NP '' (SBAR (S (NP it )NP (VP began (PP in (NP 1983 )NP )PP )VP )S )SBAR )NP )VP , and (VP would (VP enable (S (NP it )NP (VP to (VP focus (PP on (NP its entertainment and publishing businesses )NP )PP )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Ford )NP (VP said (PP in (NP July )NP )PP (SBAR (S (NP it )NP (VP planned (S (VP to (VP operate (NP (NP Associates )NP , (VP based (PP in (NP Dallas )NP )PP )VP , )NP (PP as (NP (NP a separate *UNK )NP (PP in (NP its Ford Financial Services Group )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Paramount )NP (VP said (SBAR (S (NP Associates )NP (VP has (NP (NP (QP about $ 14 billion )QP )NP (PP in (NP total assets )NP )PP )NP , (S (VP making (S (NP it )NP (ADJP *UNK- )ADJP (PP in (NP (NP terms )NP (PP of (NP assets )NP )PP )NP )PP (PP among (NP (NP independent finance companies )NP (PP in (NP the U.S. )NP )PP )NP )PP )S )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Sea Containers Ltd. )NP , (PP in (NP a *UNKED move (S (VP to (VP *UNK (NP a hostile takeover bid )NP )VP )VP )S )NP )PP , (VP said (SBAR (S (NP it )NP (VP will (VP (VP sell (NP (NP (QP $ 1.1 billion )QP )NP (PP of (NP assets )NP )PP )NP )VP and (VP use (NP (NP some )NP (PP of (NP the proceeds )NP )PP )NP (S (VP to (VP buy (NP (NP (QP about 50 )QP % )NP (PP of (NP its common shares )NP )PP )NP (PP for (NP (NP $ 70 )NP (ADVP apiece )ADVP )NP )PP )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP (ADVP *UNKC )ADVP with (NP (NP the (QP 3.6 million )QP shares )NP (RRC (ADVP currently )ADVP (VP controlled (PP by (NP management , subsidiaries and directors )NP )PP )VP )RRC )NP )PP , (NP the completed tender offer )NP (VP would (VP give (NP Sea Containers )NP (NP a controlling stake )NP )VP )VP . )S  STOP
(S (S (VP *UNKING (NP itself )NP (PP as `` (ADJP asset rich )ADJP , '' )PP )VP )S (NP Sea Containers )NP (VP said (SBAR (S (NP it )NP (VP will (VP move (ADVP immediately )ADVP (S (VP to (VP sell (NP (NP two *UNK )NP , (NP various *UNK )NP , (NP *UNK services )NP , (NP *UNK )NP , and (NP other investments )NP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Of (NP the proceeds )NP )PP , (NP (NP (QP $ 500 million )QP )NP )NP (VP will (VP be (VP used (S (VP to (VP fund (NP its tender offer )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP Sea Containers )NP (VP added (SBAR that (S (NP the recapitalization plan )NP (VP will (VP reduce (NP its debt )NP (PP by (NP (QP more than $ 500 million )QP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The company )NP , (SBAR (WHNP which )WHNP (S (VP has (NP (NP (QP *UNKN million )QP common shares )NP (ADJP outstanding )ADJP )NP )VP )S )SBAR , )NP (VP said (PP in (NP *UNK- )NP )PP (SBAR that (S (NP it )NP (VP was (VP considering (NP (NP a restructuring )NP (SBAR (S (VP to (VP *UNK (PRT off )PRT (NP (NP a hostile takeover attempt )NP (PP by (NP two European shipping concerns )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP late May )NP )PP , (NP (NP *UNKC Holding AG )NP and (NP *UNKC PLC )NP )NP , (VP launched (NP (NP a (ADJP (ADJP $ *UNK- )ADJP , or (ADJP $ *UNKN million )ADJP , )ADJP tender offer )NP (PP for (NP the (ADJP *UNKC , *UNKED )ADJP Sea Containers )NP )PP )NP )VP . )S  STOP
(S (PP In (NP *UNK- )NP )PP , (NP the companies )NP , (PP through (NP (NP their (ADJP jointly owned )ADJP holding company )NP , (NP *UNKC Holdings Ltd. )NP )NP )PP , (VP sweetened (NP the offer )NP (PP to (NP (NP (NP $ 63 )NP (NP a share )NP )NP , or (NP (QP $ *UNKN million )QP )NP )NP )PP )VP . )S  STOP
(S (NP (NP Officials )NP (PP for (NP *UNKC )NP )PP )NP (VP declined (S (VP to (VP comment )VP )VP )S )VP . )S  STOP
(S (NP (NP News )NP (PP of (NP the restructuring plan )NP )PP )NP (VP sent (NP (NP Sea Containers ' )NP shares )NP (ADVP up (NP $ 1 )NP )ADVP (PP to (NP $ 62 )NP )PP (PP in (NP New York Stock Exchange composite trading )NP )PP )VP . )S  STOP
(S (NP (NP Walter *UNKC )NP , (NP (NP an analyst )NP (PP with (NP PaineWebber Inc. )NP )PP )NP , )NP (VP said (SBAR that (S (S (VP offering (NP holders )NP (NP a higher , (ADJP $ *UNK- )ADJP price )NP )VP )S (VP is `` (NP (NP a (ADJP fairly effective )ADJP method )NP (PP of (S (VP blocking '' (NP the *UNKC bid )NP )VP )S )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Michael *UNKC )NP , (NP (NP an analyst )NP (PP with (NP (NP *UNKC Anthony )NP & (NP *UNKC Day )NP )NP )PP )NP , )NP (VP added (SBAR that (S (NP (NP the sale )NP (PP of (NP assets )NP )PP )NP (VP would (VP allow (S (NP Sea Containers )NP (VP to (VP focus (PP on (NP its core *UNK businesses )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP (NP holders )NP (SBAR (WHNP who )WHNP (S (VP decide (S not (VP to (VP tender (NP their shares )NP )VP )VP )S )VP )S )SBAR )NP )PP , (NP Sea Containers )NP (VP will (VP issue (NP (NP (NP one share )NP (PP of (NP (NP preferred stock )NP (PP with (NP (NP a stated value )NP (PP of (NP $ 25 )NP )PP )NP )PP )NP )PP )NP , plus (NP (NP a cash dividend )NP (PP on (NP the common stock )NP )PP )NP )NP )VP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (S (NP its directors , management and subsidiaries )NP (VP will (VP remain (NP long-term investors )NP )VP )VP )S and (S (VP wo n't (VP tender (NP (NP any )NP (PP of (NP their shares )NP )PP )NP (PP under (NP the offer )NP )PP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (NP Sea Containers )NP (VP said (SBAR (S (NP the offer )NP (VP will (VP proceed (SBAR after (S (NP the *UNKC Supreme Court )NP (VP *UNK or *UNK (NP (NP an interim injunction )NP (VP *UNKING (NP the company )NP (PP from (S (VP buying (NP its shares )NP )VP )S )PP )VP )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP That injunction )NP (VP resulted (PP from (NP (NP litigation )NP (PP between (NP (NP *UNKC )NP and (NP Sea Containers )NP )NP )PP (NP last May )NP )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP the court )NP (VP has (VP indicated (SBAR (S (NP it )NP (VP will (VP make (NP a decision )NP (PP on or about (NP Nov. 27 )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Sea Containers )NP (VP will (ADVP soon )ADVP (VP set (NP (NP a date )NP (PP for (NP its annual shareholder meeting )NP )PP )NP )VP )VP (S (VP to (VP seek (NP (NP holder approval )NP (PP for (NP the offer )NP )PP )NP )VP )VP )S . )S  STOP
(S (NP You )NP (VP 'd (VP think (SBAR (S (NP (NP all the stories )NP (PP about (NP (NP *UNKED communities and developers )NP (VP getting (NP HUD grants )NP )VP )NP )PP )NP (VP would (VP *UNK (S (NP Congress )NP (VP to (VP *UNK (PRT up )PRT (PP on (NP upscale housing subsidies )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(FRAG (NP No way )NP . )FRAG  STOP
(S (NP Congress )NP (VP has (ADVP just )ADVP (VP made (S (NP (NP it )NP )NP (ADJP easier )ADJP (PP for (NP the affluent )NP )PP (S (VP to (VP qualify (PP for (NP (NP insured loans )NP (PP from (NP the *UNK- Federal Housing Administration )NP )PP )NP )PP )VP )VP )S )S )VP )VP . )S  STOP
(S (NP It )NP (VP appears (SBAR that (S (NP (NP the only thing )NP (SBAR (S (NP Congress )NP (VP is (VP learning (PP from (NP the HUD story )NP )PP )VP )VP )S )SBAR )NP (VP is (SBAR (WHADVP how )WHADVP (S (VP to (VP *UNK (NP (NP its control )NP (PP of (NP (NP the *UNK *UNK )NP (VP going (PP to (NP special interests )NP )PP )VP )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (ADVP Right now )ADVP , (NP (NP the largest loan )NP (SBAR (S (NP the FHA )NP (VP can (VP *UNK (PP in (NP *UNK- housing markets )NP )PP )VP )VP )S )SBAR )NP (VP is (NP $ *UNKN )NP )VP . )S  STOP
(S (NP Last week )NP , (NP housing *UNK )NP (VP *UNKED (NP Congress )NP (S (VP to (VP raise (NP the ceiling )NP (PP to (NP $ *UNKN )NP )PP , (S (VP making (S (NP FHA loans )NP (ADJP more *UNK (PP to (NP the *UNK- )NP )PP )ADJP )S )VP )S )VP )VP )S )VP . )S  STOP
(S But (NP it )NP (VP does (NP that )NP (PP at (NP (NP the cost )NP (PP of (S (VP *UNKING (NP (NP the *UNK 's )NP exposure )NP (SBAR if (S (NP the FHA )NP (VP is (VP forced (S (VP to (VP pay (PP for (NP (NP more loans )NP (VP going (ADJP sour )ADJP )VP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )S )PP )NP )PP )VP . )S  STOP
(S (S (NP This )NP (VP is (NP no idle fear )NP )VP )S (S (NP last year )NP (NP the FHA )NP (VP lost (NP (NP (QP $ 4.2 billion )QP )NP (PP in (NP loan defaults )NP )PP )NP )VP )S . )S  STOP
(S But (NP the higher mortgage ceiling )NP (VP is (NP (NP only the *UNK *UNK )NP (PP for (SBAR (WHNP what )WHNP (S (NP (NP Senator Alan *UNKC )NP and (NP Majority Leader George Mitchell )NP )NP (VP have (PP in (NP mind )NP )PP (PP for (NP housing )NP )PP )VP )S )SBAR )PP )NP )VP . )S  STOP
(S (NP The Senate Banking Committee )NP (VP will (VP begin (NP (NP hearings )NP )NP (PP next (NP week )NP )PP (PP on (NP their proposal (S (VP to (VP expand (NP existing federal housing programs )NP )VP )VP )S )NP )PP )VP )VP . )S  STOP
(S (NP Other *UNKC )NP (VP want (S (VP to (VP lower (NP (NP the down payments )NP (VP required (PP on (NP *UNKED loans )NP )PP )VP )NP )VP )VP )S )VP . )S  STOP
(S (NP That )NP (VP would (VP be (NP (NP a formula )NP (PP for (S (VP *UNKING (NP (ADJP even more )ADJP FHA red *UNK )NP )VP )S )PP )NP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP has (VP shown (SBAR that (S (NP (NP the (ADJP most important )ADJP element )NP (PP in (S (VP predicting (NP a *UNK- default )NP )VP )S )PP )NP (VP is (NP the down payment )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (SBAR Because (S (NP a *UNK )NP (VP can (VP use (NP an FHA loan )NP (S (VP to (VP finance (NP all (NX (NX points )NX and (NX closing costs )NX )NX )NP )VP )VP )S )VP )VP )S )SBAR , (NP the FHA )NP (VP can (VP wind (PRT up )PRT (S (VP lending (NP (NP more )NP (SBAR than (S (NP a house )NP (VP is (ADJP worth )ADJP )VP )S )SBAR )NP )VP )S )VP )VP . )S  STOP
(S (SBAR If (S (NP housing prices )NP (VP continue (S (VP to (VP fall )VP )VP )S )VP )S )SBAR , (NP many *UNK )NP (VP would (VP be (ADVP better off )ADVP (S (VP (VP *UNKING (ADVP away )ADVP (PP from (NP their homes )NP )PP )VP and (VP leaving (NP taxpayers )NP (PP with (NP the losses )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP Much the same thing )NP (VP (VP happened (PP with (NP *UNKED *UNKC )NP )PP )VP , (NP (NP a problem )NP (SBAR (S (NP Congress )NP (ADVP just )ADVP `` (VP *UNKED '' (PP with (NP a (ADJP (QP $ *UNKN billion )QP )ADJP bailout )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP We )NP (VP hear (SBAR that (S (NP HUD Secretary Jack Kemp )NP (VP is (VP *UNKING (PP with (S (VP going (PRT along )PRT (PP with (NP (NP some )NP (PP of (NP the *UNKC proposals )NP )PP )NP )PP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP sounds (PP like (NP (NP a formula )NP (PP for (S (VP *UNKING (SBAR that (S (NP he )NP (VP gets (VP *UNKED (PP into (NP the next HUD *UNK pit )NP )PP )VP )VP )S )SBAR )VP )S )PP )NP )PP )VP . )S  STOP
(S (NP (NP A group )NP (PP of (NP 27 *UNKC )NP )PP )NP (VP has (VP written (NP Mr. Kemp )NP (S (VP urging (NP him )NP (S (VP to (VP (VP (VP reject (NP *UNKC )NP )VP and (VP focus (PP on (NP (NP programs )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP the poor )NP )VP )S )SBAR )NP )PP )VP )VP (CONJP rather than )CONJP (VP create (NP vast new government obligations )NP )VP )VP )VP )S )VP )S )VP )VP . )S  STOP
(S But (SBAR even if (S (NP he )NP (VP agrees )VP )S )SBAR , (S (NP Mr. Kemp )NP (VP does n't (VP write (NP (NP the nation 's )NP housing law )NP )VP )VP )S -- (S (NP Congress )NP (VP does )VP )S . )S  STOP
(S And (NP (NP the majority )NP (PP of (NP Members )NP )PP )NP (ADVP *UNKLY )ADVP (VP view (NP (NP the current *UNKING )NP (PP of (NP HUD )NP )PP )NP (PP as (ADVP mainly )ADVP (NP a chance (S (VP to (VP *UNK (PRT through )PRT (NP (NP their own slate )NP (PP of (NP projects )NP )PP )NP )VP )VP )S )NP )PP )VP . )S  STOP
(S (NP *UNKC A )NP (VP is (NP (NP last week 's )NP House vote (S (VP to (VP fund (NP 40 *UNK projects )NP (PP out (PP of (NP (NP the same *UNK fund )NP (SBAR (WHNP that )WHNP (S (VP is (PP at (NP (NP the heart )NP (PP of (NP the HUD scandal )NP )PP )NP )PP )VP )S )SBAR )NP )PP )PP )VP )VP )S )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP the grants )NP )PP )NP (VP (VP had (VP been (VP (VP requested (PP by (NP HUD )NP )PP )VP , (VP *UNKED (ADVP *UNKLY )ADVP )VP )VP )VP )VP or (VP were (NP (NP the subject )NP (PP of (NP a single hearing )NP )PP )NP )VP )VP . )S  STOP
(S (NP (ADJP More and more )ADJP observers )NP (ADVP now )ADVP (VP realize (SBAR that (S (NP (NP the key )NP (PP to (S (VP ending (NP future HUD *UNK )NP )VP )S )PP )NP (VP lies (PP in (S (VP forcing (S (NP Congress )NP (VP to (VP clean (PRT up )PRT (NP its own act )NP )VP )VP )S )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (NP This week )NP , (NP a Baltimore Sun editorial )NP (VP said (SBAR (S (NP (NP the *UNKC subcommittee )NP (PP on (NP HUD )NP )PP )NP (VP should (VP (VP forget (PP about (NP (NP Sam *UNKC 's )NP testimony )NP )PP (PP for (NP the moment )NP )PP )VP and (VP call (NP (NP some other witnesses )NP : (NP (NP the various congressional *UNK )NP (PP of (NP the 40 *UNK- projects )NP )PP )NP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The Sun )NP (VP concluded (SBAR that (S (NP Mr. *UNKC )NP (VP is (NP (NP (NP only part )NP (PP of (NP the problem )NP )PP )NP -- and (NP (NP a part )NP (SBAR (WHNP that )WHNP (S (VP 's (ADJP gone )ADJP )VP )S )SBAR )NP )NP )VP )S )SBAR )VP . )S  STOP
(S `` (SBAR If (S (NP HUD )NP (VP is (S (VP to (VP be (VP *UNKED )VP )VP )VP )S )VP )S )SBAR , '' (PRN (S (NP it )NP (VP concluded )VP )S , )PRN (NP (NP Members )NP (PP of (NP Congress )NP )PP )NP (VP will `` (VP have (S (VP to (VP start (S (VP (VP looking (PP into )PP )VP , and (VP doing (NP something )NP (PP about )PP )VP , (NP (NP the practices )NP (PP of (NP their colleagues )NP )PP )NP )VP )S )VP )VP )S )VP )VP . '' )S  STOP
(S (PP Of (NP course )NP )PP , (NP *UNK- )NP (VP is (NP (NP about the last thing )NP (SBAR (S (NP this Congress )NP (VP is (ADJP interested (PP in )PP )ADJP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (S (VP expanding (NP FHA programs )NP )VP )S )PP )NP (VP say (SBAR (S (NP they )NP (ADVP merely )ADVP (VP want (S (VP to (VP help (NP (NP home buyers )NP (SBAR (WHNP who )WHNP (S (VP are (VP *UNK (PP out (PP of (NP *UNKED markets )NP )PP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S But (NP the FHA program )NP (VP is (VP *UNKING (NP bad loans )NP )VP )VP . )S  STOP
(S (S (NP Jack Kemp )NP (VP has (VP submitted (NP (NP a package )NP (PP of (NP reforms )NP )PP )NP )VP )VP )S , and (S (NP they )NP (VP are (ADVP surely )ADVP (VP headed (PP for (NP the Capitol Hill *UNK- )NP )PP )VP )VP )S . )S  STOP
(S (PP Like (NP (NP the S&L mess )NP (PP before (NP it )NP )PP )NP )PP , (NP this )NP (VP is (NP (NP a problem )NP (SBAR (S (NP Congress )NP (VP should (VP be (VP (VP *UNKING )VP , (VP not ignoring )VP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Gillette Co. )NP , (NP Boston )NP , )NP (VP said (SBAR (S (NP it )NP (VP is (VP planning (S (VP to (VP restructure (NP its (ADJP South African )ADJP subsidiary )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Under (NP the plan )NP )PP , (NP Gillette South Africa )NP (VP will (VP sell (NP (NP (NP manufacturing facilities )NP (PP in (NP (NP *UNKC )NP , (NP South Africa )NP , )NP )PP )NP and (NP (NP its business )NP (PP in (NP (NP *UNK )NP and (NP plastic *UNK )NP )NP )PP )NP )NP (PP to (NP (NP *UNKC *UNKC Ltd. )NP , (NP (NP an affiliate )NP (PP of (NP (NP *UNKC American Corp. )NP , (NP a (ADJP South African )ADJP company )NP )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP Terms )NP (VP were not (VP disclosed )VP )VP . )S  STOP
(S (S (S (NP A final agreement )NP (VP has not (VP been (VP signed )VP )VP )VP )S , and (S (NP the moves )NP (VP will not (VP have (NP (NP a material effect )NP (PP on (NP the company )NP )PP )NP )VP )VP )S )S , (NP Gillette )NP (VP said )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP it )NP (VP is (NP (NP part )NP (PP of (NP (NP a continuing world-wide restructuring )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP it )NP (VP has (VP *UNKED or sold (NP (NP operations )NP (PP in (NP several countries )NP )PP )NP )VP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Gillette )NP (VP said (SBAR (S (NP (NP its continued presence )NP (PP in (NP South Africa )NP )PP )NP `` (VP *UNK (S (NP it )NP (VP to (VP make (NP (NP *UNK contributions )NP (PP (PP to (NP (ADJP South African )ADJP society )NP )PP , (PP to (NP (NP the lives )NP (PP of (NP its employees )NP )PP )NP )PP and (PP to (NP (NP the communities )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP it )NP (VP operates )VP )S )SBAR )NP )PP )PP )NP )VP )VP )S . '' )VP )S )SBAR )VP )S  STOP
(S (NP Gillette South Africa )NP (VP employs (NP (QP about 250 )QP people )NP )VP . )S  STOP
(S (S (NP (NP (QP About 60 )QP % )NP (PP of (NP the work force )NP )PP )NP (VP will (VP (VP continue (PP with (NP Gillette )NP )PP )VP or (VP transfer (PP to (NP *UNKC *UNKC )NP )PP )VP )VP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP The Soviet legislature )NP (VP approved (NP (NP a 1990 budget )NP )NP (NP yesterday )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP its huge deficit )NP (PP with (NP (NP cuts )NP (PP in (NP (NP defense spending )NP and (NP capital outlays )NP )NP )PP )NP )PP (SBAR while (S (VP *UNKING (S (VP to (VP improve (NP (NP supplies )NP (PP to (NP *UNKED consumers )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(FRAG (NP The vote (S (VP to (VP approve )VP )VP )S )NP (X was )X )FRAG  STOP
(S (NP A proposal (S (VP to (VP raise (NP (NP prices )NP (PP of (NP beer , tobacco and *UNK )NP )PP )NP )VP )VP )S )NP (VP was (VP rejected (ADVP *UNKN )ADVP )VP )VP . )S  STOP
(S (NP Soviet President Mikhail S. Gorbachev )NP (VP told (NP the legislators )NP (SBAR (SBAR (S (NP they )NP (VP had (VP made (NP a good start )NP )VP )VP )S )SBAR , but (SBAR that (S (NP the most difficult work )NP (VP was (ADVP still )ADVP (ADVP ahead )ADVP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP The *UNKC news agency )NP (VP said (SBAR (S (NP the 1990 budget )NP (VP anticipates (NP (NP (NP income )NP (PP of (NP (NP (QP *UNKN billion )QP rubles )NP (PRN -LRB- (NP (QP US$ *UNKN billion )QP )NP -RRB- )PRN )NP )PP )NP and (NP (NP expenditures )NP (PP of (NP (NP (QP *UNKN billion )QP rubles )NP (PRN -LRB- (NP (QP US$ *UNKN billion )QP )NP -RRB- )PRN )NP )PP )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Those figures )NP (VP are (SBAR (ADVP almost exactly )ADVP (WHNP what )WHNP (S (NP the government )NP (VP proposed (PP to (NP legislators )NP )PP (PP in (NP September )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (SBAR If (S (NP the government )NP (VP can (VP stick (PP with (NP them )NP )PP )VP )VP )S )SBAR , (NP it )NP (VP will (VP be (ADJP able (S (VP to (VP *UNK (NP (NP this year 's )NP (ADJP (ADJP (QP 120 billion )QP *UNK )ADJP (PRN -LRB- (ADJP (QP US$ *UNKN billion )QP )ADJP -RRB- )PRN )ADJP deficit )NP )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (NP Officials )NP (VP proposed (NP (NP (NP (NP a cut )NP (PP in (NP the defense budget )NP )PP )NP (NP this year )NP (PP to (NP (NP (QP *UNKN billion )QP rubles )NP (PRN -LRB- (NP (QP US$ *UNKN billion )QP )NP -RRB- )PRN )NP )PP (PP from (NP (NP (QP *UNKN billion )QP rubles )NP (PRN -LRB- (NP (QP US$ 125 billion )QP )NP -RRB- )PRN )NP )PP )NP (CONJP as well as )CONJP (NP (NP large cuts )NP (PP in (NP (NP outlays )NP (PP for (NP new factories and equipment )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP the final budget and economic plan )NP (VP calls (PP for (NP (NP a sharp increase )NP (PP in (NP (NP the production )NP (PP of (NP consumer goods )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(NP *UNKC and *UNKC )NP  STOP
(S (PP At (NP times )NP )PP (NP I )NP (VP *UNK (NP my mind )NP (SBAR (WHADVP When )WHADVP (S (NP I )NP (VP must (VP think (PP with (NP *UNK )NP )PP )VP )VP )S )SBAR , (S (ADJP *UNKED (PP from (NP all other *UNK )NP )PP )ADJP (SBAR While (S (VP trying (S (VP to (VP reach (NP a decision )NP )VP )VP )S )VP )S )SBAR )S )VP . )S  STOP
(S (S But (ADVP often )ADVP (NP nothing )NP (VP 's (ADJP resolved )ADJP , (PP To (NP my *UNK and *UNK )NP )PP )VP )S : (S (SBAR With (S (NP *UNK and *UNK )NP (PP in (NP *UNK )NP )PP )S )SBAR , (NP I )NP (VP feel (PP like (NP a *UNK jury )NP )PP )VP )S . )S  STOP
(NP -- *UNKC J. *UNKC . )NP  STOP
(NP *UNKC )NP  STOP
(FRAG (NP (NP *UNKC *UNK )NP : (NP *UNK *UNK )NP . )NP )FRAG  STOP
(NP -- Marvin *UNKC . )NP  STOP
(S (S (NP Ocean *UNKING & *UNKC Co. )NP (VP will (VP sell (NP its *UNKING business )NP )VP )VP )S , and (S (VP took (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP loss )NP (PP from (NP discontinued operations )NP )PP )NP (PP in (NP the third quarter )NP )PP (PP because of (NP the planned sale )NP )PP )VP )S . )S  STOP
(S (NP The New *UNKC oil and gas exploration and *UNKING operations company )NP (VP added (SBAR that (S (NP it )NP (VP does n't (VP expect (NP any further adverse financial impact )NP (PP from (NP the restructuring )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP the third quarter )NP )PP , (NP (NP the company )NP , (SBAR (WHNP which )WHNP (S (VP is (VP *UNKED (PP by (NP (NP Murphy Oil Corp. )NP (PP of (NP Arkansas )NP )PP )NP )PP )VP )VP )S )SBAR , )NP (VP had (NP (NP (NP a net loss )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 91 cents )NP (NP a share )NP )NP )NP )PP )NP , (PP compared (PP with (NP (NP (NP a restated loss )NP (PP of (NP (NP (QP $ 9 million )QP )NP , or (NP (NP 18 cents )NP (NP a share )NP )NP , )NP )PP )NP (ADVP (NP a year )NP ago )ADVP )NP )PP )PP )NP )VP . )S  STOP
(S (NP The latest period )NP (VP had (NP (NP profit )NP (PP from (NP (NP continuing operations )NP )NP )PP (PP of (NP (QP $ 4 million )QP )NP )PP )NP )VP . )S  STOP
(S (NP Revenue )NP (VP gained (NP 13 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP Ocean *UNKING )NP (VP said (SBAR (S (NP it )NP (VP will (VP offer (NP (NP (QP 15 % to 20 % )QP )NP (PP of (NP the *UNKING business )NP )PP )NP (PP through (NP (NP an initial public offering )NP )NP )PP (PP in (NP the near future )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP It )NP )NP (VP has (ADVP long )ADVP (VP been (VP rumored (SBAR that (S (NP Ocean *UNKING )NP (VP would (VP sell (NP the unit )NP (S (VP to (VP concentrate (PP on (NP its core oil and gas business )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP Ocean *UNKING )NP (VP said (SBAR (S (NP it )NP (VP wo n't (VP hold (NP (NP any shares )NP (PP of (NP the new company )NP )PP )NP (PP after (NP the restructuring )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP After (NP (NP 20 years )NP (PP of (S (VP pushing (NP (NP labor proposals )NP (SBAR (S (VP to (VP overhaul (NP (NP the nation 's )NP health-care system )NP )VP )VP )S )SBAR )NP )VP )S )PP )NP )PP , (NP (NP *UNKC Seidman )NP (PP of (NP the *UNKC )NP )PP )NP (VP is (VP finding (NP (NP interest )NP (PP from (NP (NP an unlikely quarter )NP : (NP big business )NP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Corporate leaders )NP , (VP *UNKED (PP by (NP (NP *UNK- increases )NP (PP in (NP health-care costs )NP )PP )NP )PP )VP , )NP (VP are (VP beginning (S (VP to (VP sound (PP like (NP liberal Democrats )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP *UNKC (S (VP to (VP check (NP rising medical costs )NP )VP )VP )S )NP (ADVP ultimately )ADVP (VP could `` (VP lead (S (NP (NP some )NP (PP of (NP (NP us )NP (SBAR (WHNP who )WHNP (S (NP today )NP (VP are (NP free-market advocates )NP )VP )S )SBAR )NP )PP )NP (VP to (VP *UNK- (NP (NP our thinking and positions )NP (PP with (NP (NP respect )NP (PP to (NP *UNKED national health insurance )NP )PP )NP )PP )NP )VP )VP )S )VP )VP )S , '' (NP (NP Arthur *UNKC )NP , (NP a General Electric Co. vice president )NP , )NP (VP warned (NP (ADVP earlier )ADVP this year )NP )VP . )S  STOP
(S (NP (NP The *UNK impact )NP (PP of (NP health benefits )NP )PP )NP (VP has (VP driven (NP business and labor )NP (PP to (NP a surprising consensus )NP )PP )VP )VP . )S  STOP
(S (NP Both (NP the *UNKC )NP and (NP (NP the National Association )NP (PP of (NP Manufacturers )NP )PP )NP )NP (VP are (VP calling (PP for (NP (NP measures )NP (SBAR (S (VP to (VP (VP control (NP rising costs )NP )VP , (VP improve (NP quality )NP )VP and (VP provide (NP care )NP (PP to (NP (NP the (QP 31 million )QP Americans )NP (SBAR (WHNP who )WHNP (S (ADVP currently )ADVP (VP lack (NP health insurance )NP )VP )S )SBAR )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP on (NP these points )NP )PP )NP (VP is (NP (NP a long way )NP (PP from (NP a specific program )NP )PP )NP )VP )S , and (S (NP nobody )NP (VP expects (S (NP the U.S. )NP (VP to (VP rush (PP toward (NP (NP radical restructuring )NP (PP of (NP the health-care system )NP )PP )NP )PP )VP )VP )S )VP )S . )S  STOP
(S But (NP there )NP (VP are (NP signs (SBAR that (S (NP labor-management cooperation )NP (VP could (VP change (NP (NP (NP the politics )NP (PP of (NP health-care legislation )NP )PP )NP and (NP (NP the economics )NP (PP of (NP *UNK )NP )PP )NP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(SINV `` (S (NP I )NP (VP ca n't (VP remember (NP (NP a time )NP (SBAR (WHADVP when )WHADVP (S (NP virtually everyone )NP (VP can (VP agree (PP on (SBAR (WHNP what )WHNP (S (NP the problem )NP (VP is )VP )S )SBAR )PP )VP )VP )S )SBAR )NP )VP )VP )S , '' (VP says )VP (NP (NP Mr. Seidman )NP , (SBAR (WHNP who )WHNP (S (VP heads (NP (NP (NP the *UNKC 's )NP department )NP (VP dealing (PP with (NP health matters )NP )PP )VP )NP )VP )S )SBAR )NP . )SINV  STOP
(S (SBAR Because (S (NP the Bush administration )NP (VP is n't (VP taking (NP the initiative )NP (PP on (NP health issues )NP )PP )VP )VP )S )SBAR , (NP business executives )NP (VP are (VP dealing (PP with (NP (NP congressional Democrats )NP (SBAR (WHNP who )WHNP (S (VP *UNK (NP health-care *UNK )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP (NP Business )NP (PP across (NP the country )NP )PP )NP (VP is (VP spending (NP more time )NP (S (VP *UNKING (NP this issue )NP )VP )S )VP )VP )S , '' (VP says )VP (NP (NP Sen. Edward Kennedy )NP (PRN -LRB- (NP D. )NP , (NP Mass . )NP -RRB- )PRN )NP . )SINV  STOP
(S `` (NP It )NP (VP 's (NP a *UNK- issue )NP )VP . '' )S  STOP
(S (NP Business )NP (VP complained (NP (ADVP earlier )ADVP this year )NP (SBAR (WHADVP when )WHADVP (S (NP Sen. Kennedy )NP (VP introduced (NP (NP a bill )NP (SBAR (WHNP that )WHNP (S (VP (VP would (VP require (S (NP employers )NP (VP to (VP provide (NP (NP a minimum level )NP (PP of (NP health insurance )NP )PP )NP (PP to (NP workers )NP )PP )VP )VP )S )VP )VP but (VP does n't (VP contain (NP *UNK- measures )NP )VP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (PP (ADVP *UNKLY )ADVP in (NP response )NP )PP , (NP (NP a *UNK group )NP (PP of (NP (NP senators )NP (PP from (NP the finance and labor committees )NP )PP )NP )PP )NP (VP is (VP *UNKING (NP (NP a plan )NP (SBAR (S (VP to (VP attract (NP broader support )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP It )NP (VP will (VP feature (NP (NP a *UNK- provision )NP (VP designed (SBAR (S (VP to (VP keep (NP expanded benefits )NP (PP from (S (VP *UNKING (NP higher care prices )NP )VP )S )PP )VP )VP )S )SBAR )VP )NP )VP )VP . )S  STOP
(S (S (PP At (NP (NP *UNKN % )NP (PP of (NP gross national product )NP )PP )NP )PP )S , (NP U.S. health costs )NP (ADVP already )ADVP (VP are (NP (NP the highest )NP (PP in (NP the world )NP )PP )NP )VP . )S  STOP
(S (PP By (NP contrast )NP )PP , (NP Japan 's )NP (VP equal (NP (NP *UNKN % )NP (PP of (NP (NP GNP )NP , (NP (NP (NP a nation 's )NP total output )NP (PP of (NP goods and services )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (NP Management and labor )NP (VP worry (SBAR that (S (NP the gap )NP (VP makes (S (NP U.S. companies )NP (ADJP less competitive )ADJP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Chrysler Corp. )NP (VP estimates (SBAR that (S (NP health costs )NP (VP add (NP (NP $ 700 )NP )NP (PP to (NP (NP the price )NP (PP of (NP (NP each )NP (PP of (NP its cars )NP )PP )NP )PP )NP )PP , (ADJP (NP (QP about $ 300 to $ 500 )QP more )NP (PP per (NP car )NP )PP (SBAR than (S (NP foreign competitors )NP (VP pay (PP for (NP health )NP )PP )VP )S )SBAR )ADJP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP (NP The cost )NP (PP of (NP health care )NP )PP )NP (VP is (VP (VP *UNKING (NP (NP standards )NP (PP of (NP living )NP )PP )NP )VP and (VP *UNKING (NP industrial strength )NP )VP )VP )VP )S , '' (VP *UNK )VP (NP (NP Walter *UNKC )NP , (NP a Chrysler *UNK- specialist )NP )NP . )SINV  STOP
(S (NP Labor )NP (VP is (ADJP upset )ADJP (SBAR because (S (NP many companies )NP (VP are (VP using (NP higher (NX (NX employee insurance premiums )NX , (NX *UNK )NX and (NX *UNK- )NX )NX )NP (S (VP to (VP *UNK (NP *UNKING medical costs )NP (PP to (NP workers )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Health benefits )NP (VP are (NP *UNK issues )NP (PP in (NP (NP the strikes )NP (PP against (NP (NP *UNKC Co. )NP and (NP *UNKC Corp )NP )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP their new contract )NP )PP (NP this year )NP , (NP (NP American Telephone & Telegraph Co. )NP and (NP (NP the Communications Workers )NP (PP of (NP America )NP )PP )NP )NP (VP agreed (S (VP to (VP look (PP for `` (NP (NP (ADJP prompt and *UNKING )ADJP national solutions )NP '' (PP to (NP rising health-care costs )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Some analysts )NP (VP are (ADJP *UNK (PP about (NP (NP the new corporate interest )NP (PP in (NP health-care overhaul )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (NP (NP Carl *UNKC )NP , (NP (NP president )NP (PP of (NP (NP the Health Insurance Association )NP (PP of (NP America )NP )PP )NP )PP )NP , )NP (VP *UNK (PP at `` (NP (NP *UNK )NP (SBAR (WHNP who )WHNP (S (VP want (S (VP to (VP *UNK (NP (NP the entire financing system )NP '' (PP for (NP health )NP )PP )NP )VP )VP )S )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (S `` (S (NP They )NP (VP hope (SBAR (S (NP they )NP (VP can (VP buy (NP some government cost discipline )NP )VP )VP )S )SBAR )VP )S , '' but (S (NP this )NP (VP is (NP a false hope )NP )VP )S )S , (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S (NP He )NP (VP *UNK (SBAR that (S (NP government )NP (VP has (VP done (NP (NP an (ADJP even worse )ADJP job )NP (PP of (S (VP controlling (NP its health bill )NP )VP )S )PP (SBAR than (S (NP business )NP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP So far )ADVP (NP neither (NP the Bush administration )NP nor (NP Congress )NP )NP (VP is (ADJP prepared (S (VP to (VP lead (NP (NP the way )NP (PP toward (S (VP *UNKING (NP health care )NP )VP )S )PP )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP The administration )NP (VP *UNK (NP a comprehensive health-care policy )NP )VP . )S  STOP
(S (NP Congress )NP (ADVP still )ADVP (VP is (VP struggling (S (VP to (VP *UNK (NP (NP the *UNK *UNKC Care Act )NP (PP of (NP 1988 )NP )PP , (SBAR (WHNP which )WHNP (S (S (VP boosted (NP (NP benefits )NP (PP for (NP the elderly )NP )PP )NP )VP )S and (S (VP *UNKED (NP them )NP (S (VP to (VP pay (PP for (NP the new coverage )NP )PP )VP )VP )S )VP )S )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP A bipartisan commission )NP (VP (VP established (PP by (NP Congress )NP )PP )VP and (VP headed (PP by (NP (NP Sen. John Rockefeller )NP (PRN -LRB- (NP D. )NP , (NP *UNKC . )NP -RRB- )PRN )NP )PP )VP )VP )NP (VP is (VP scheduled (S (VP to (VP present (NP (NP new plans )NP (PP for (S (VP dealing (PP with (NP (NP the *UNKED )NP and (NP (NP long-term care )NP (PP for (NP the elderly )NP )PP )NP )NP )PP )VP )S )PP )NP (PP by (NP next March 1 )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP A *UNK commission )NP (VP appointed (PP by (NP (UCP Health and Human Services )UCP Secretary Louis Sullivan )NP )PP )VP )NP (VP is (VP taking (NP (NP a broad look )NP (PP at (NP (NP the economics )NP (PP of (NP (NP (NP *UNKC )NP (PP for (NP the elderly )NP )PP )NP , (NP (NP *UNKC )NP (PP for (NP the poor )NP )PP )NP and (NP (NP the health system )NP (PP in (NP general )NP )PP )NP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP It )NP (VP is (VP expected (S (VP to (VP report (NP next summer )NP )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP No *UNK *UNK )NP (VP will (VP be (VP discovered (NP (NP next year )NP , (NP an election year )NP )NP )VP )VP )VP )S , '' (VP says )VP (NP (NP Rep. *UNKC *UNKC )NP (PRN -LRB- (NP D. )NP , (NP Calif . )NP -RRB- )PRN )NP )SINV  STOP
(S But (NP 1991 )NP (VP could (VP be (NP (NP a window )NP (PP for (NP action )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP The pressure )NP (PP for (NP change )NP )PP )NP (VP will (VP rise (PP with (NP costs )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP I )NP (VP think (SBAR (S (NP employers )NP (VP are (ADVP really )ADVP (VP going (S (VP to (VP be (NP the ones )NP (SBAR (S (VP to (VP push (PP for (NP major change )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a health expert )NP (PP at (NP *UNKC )NP )PP )NP )NP . )SINV  STOP
(S (NP Any major attempt (S (VP to (VP *UNK (NP the health-care system )NP )VP )VP )S )NP (VP is (ADJP likely (S (VP to (VP *UNK (NP (NP opposition )NP (PP (PP from (NP (NP (ADJP politically powerful )ADJP interest groups )NP , (ADVP particularly )ADVP (NP the American Medical Association )NP , )NP )PP and (ADVP perhaps )ADVP (PP from (NP the public )NP )PP (ADVP as well )ADVP )PP )NP )VP )VP )S )ADJP , (SBAR if (S (NP Congress )NP (VP takes (NP (NP steps )NP (SBAR (WHNP that )WHNP (S (NP patients )NP (VP fear (SBAR (S (VP will (VP limit (NP (NP the *UNK )NP (PP of (NP care )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNKC )NP (VP *UNK (NP (NP efforts )NP , (SBAR (WHNP which )WHNP (S (NP both (NP the administration )NP and (NP the medical *UNK )NP )NP (VP have (VP begun )VP )VP )S )SBAR , (S (S (VP to (VP measure (NP (NP the *UNK )NP (PP of (NP medical *UNK )NP )PP )NP )VP )VP )S and (ADVP then )ADVP (S (VP to (VP *UNK (NP *UNK- guidelines )NP )VP )VP )S )S )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP hope (SBAR that (S (NP such standards )NP (VP will (VP improve (NP treatment )NP (SBAR while (S (VP *UNKING (NP unnecessary (NX (NX tests )NX and (NX medical procedures )NX )NX )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Secretary Sullivan )NP (VP estimates (SBAR that (S (NP (NP (QP as much as 25 )QP % )NP (PP of (NP (NP the medical procedures )NP (VP performed (NP each year )NP )VP )NP )PP )NP (VP may (VP be (ADJP *UNK or unnecessary )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (VP *UNKING (NP care )NP )VP )S (VP wo n't (VP be (ADJP easy or popular )ADJP )VP )VP . )S  STOP
(S `` (S (S (VP To (VP slow (NP (NP the rise )NP (PP in (NP total spending )NP )PP )NP )VP )VP )S , (NP (NP it )NP )NP (VP will (VP be (ADJP necessary )ADJP (S (VP to (VP reduce (NP (NP *UNK- use )NP (PP of (NP services )NP )PP )NP )VP )VP )S )VP )VP )S , '' (NP the *UNKC )NP (VP warns (PP in (NP a policy statement )NP )PP )VP . )S  STOP
(S (NP This )NP (VP will `` (VP require (S (NP us )NP (VP to (VP *UNK -- and *UNK -- (SBAR (WHNP what )WHNP (S (VP is (NP (ADJP ` necessary ' or ` appropriate ' )ADJP care )NP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (S (NP This )NP (VP involves (NP *UNK- )NP )VP )S and (S (NP -LCB- it -RCB- )NP (VP cuts (PP against (NP (NP the grain )NP (PP of (NP (NP existing consumer and even provider *UNK )NP (PP of (SBAR (WHNP what )WHNP (S (VP is ` (ADJP necessary )ADJP )VP )S )SBAR )PP )NP )PP )NP )PP )VP )S . ' '' )S  STOP
(S (NP The *UNKC )NP (ADVP also )ADVP (VP *UNK (NP treatment guidelines )NP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP it )NP (VP 's (VP *UNKING (PP with (NP (NP an approach )NP (SBAR (WHNP that )WHNP (S (VP would (VP impose (NP *UNK- *UNK or budgets )NP (PP (PP on (NP (NP the government )NP (PP as (NP a whole )NP )PP )NP )PP and (PP on (NP individual states )NP )PP )PP (PP as (NP (NP a way )NP (SBAR (S (VP to (VP slow (NP health-care spending )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (PP At (NP (NP a meeting )NP (ADVP here )ADVP (PP on (NP Nov. 15 )NP )PP )NP )PP , (NP the labor *UNK )NP (VP plans (S (VP to (VP launch (NP a major effort (S (VP to (VP build (NP (NP *UNK- support )NP (PP for (NP health-care overhaul )NP )PP )NP )VP )VP )S )NP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC Inc. )NP (VP said (SBAR (S (NP it )NP (VP plans (S (VP to (VP shut (PRT down )PRT (NP three *UNKC plants )NP , (S (VP moving (NP their *UNK operations )NP (PP to (NP (NP a *UNKED facility )NP (PP in (NP (NP *UNKC )NP , (NP *UNKC )NP )NP )PP )NP )PP )VP )S )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP the *UNK business )NP `` (VP has (VP been (PP under (NP severe cost pressures )NP )PP (PP for (NP some time )NP )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP The *UNK , *UNK and *UNK , )NP (VP are (VP sold (PP to (NP the (ADJP North American )ADJP auto market )NP )PP )VP )VP . )S  STOP
(S (NP A company spokesman )NP (VP declined (S (VP to (VP estimate (NP (NP the impact )NP (PP of (NP the *UNK )NP )PP (PP on (NP earnings )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP the new facility )NP (VP will (VP *UNK (NP (NP 500 )NP (PP of (NP the existing 600 employees )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The steelmaker )NP (VP employs (NP (QP about *UNKN )QP people )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP (VP has (NP an option (S (VP to (VP lease (NP (NP a *UNK- building )NP (PP in (NP *UNKC )NP )PP )NP )VP )VP )S )NP )VP and (VP *UNK (S (VP to (VP spend (NP (NP (QP *UNKN million )QP Canadian dollars )NP (PRN -LRB- (NP (QP US$ *UNKN million )QP )NP -RRB- )PRN )NP (PP on (NP the facility )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The three existing plants )NP and (NP their land )NP )NP (VP will (VP be (VP sold )VP )VP )VP . )S  STOP
(S (NP First Security Corp. )NP (VP said (SBAR (S (NP it )NP (ADVP tentatively )ADVP (VP agreed (S (VP to (VP acquire (NP *UNKC *UNKC )NP (PP for (NP (NP stock )NP (VP valued (PP at (NP (QP about $ 18 million )QP )NP )PP )VP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Terms )NP (VP call (SBAR for (S (NP First Security )NP (VP to (VP issue (NP (NP (NP (QP about *UNKN )QP share )NP (PP of (NP its stock )NP )PP (PP for (NP (NP each *UNKC share )NP (VP held )VP )NP )PP )NP , or (NP (NP a total )NP (PP of (NP (QP about *UNKN )QP First Security shares )NP )PP )NP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP has (NP (NP (QP about *UNKN million )QP shares )NP (ADJP outstanding )ADJP )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (PP with (NP (NP (QP about $ 100 million )QP )NP (PP in (NP assets )NP )PP )NP )PP , )NP (VP is (NP (NP the parent )NP (PP of (NP (NP the *UNKC Bank )NP , (SBAR (WHNP which )WHNP (S (VP has (NP six offices and headquarters )NP (PP at (NP (NP *UNKC *UNKC )NP , (NP Utah )NP )NP )PP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP The purchase price )NP (VP is (ADJP equal (PP to (NP (QP about *UNKN times )QP (NP *UNKC 's )NP (ADJP (QP roughly $ *UNKN million )QP )ADJP (NX (NX book value )NX , or (NX (NP assets )NP (PP less (NP liabilities )NP )PP )NX )NX )NP )PP )ADJP )VP . )S  STOP
(S (NP (NP (ADJP *UNKC Lake *UNKED )ADJP First Security )NP , (PP with (NP (NP (QP $ 5.4 billion )QP )NP (PP in (NP assets )NP )PP )NP )PP , )NP (VP said (SBAR (SBAR (S (NP the agreement )NP (VP is (ADJP subject (PP to (NP shareholder and regulatory approval )NP )PP )ADJP )VP )S )SBAR , and (SBAR that (S (NP it )NP (VP hopes (S (VP to (VP complete (NP the transaction )NP (NP early next year )NP )VP )VP )S )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP (NP (NP Georgia-Pacific Corp. 's )NP *UNKED (ADJP (QP $ *UNKN billion )QP )ADJP bid )NP (PP for (NP Great Northern Nekoosa Corp. )NP )PP )NP (VP was (VP *UNKED (PP by (NP Wall Street )NP )PP (PP despite (NP (NP a cool *UNK )NP (PP by (NP the target company )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP William R. *UNKC )NP , (NP (NP Nekoosa 's )NP (NX (NX chairman )NX , (NX chief executive officer )NX and (NX president )NX )NX )NP , )NP (VP (VP *UNKED (NP the (ADJP $ *UNK- )ADJP bid )NP (PP as (ADJP `` *UNKED '' )ADJP )PP )VP and (VP said (SBAR (S (NP (NP Nekoosa 's )NP board )NP (VP would (VP consider (NP the offer )NP `` (PP in (NP due course )NP )PP )VP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP (NP T. Marshall *UNKC Jr. )NP , (NP (NP Georgia-Pacific 's )NP (NX (NX chairman )NX and (NX chief executive )NX )NX )NP , )NP (VP said (PP in (NP an interview )NP )PP (SBAR that (S (NP (NP all terms )NP (PP of (NP the offer )NP )PP )NP (VP are (ADJP negotiable )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP added (SBAR that (S (NP he )NP (VP had (VP *UNK (PP with (NP (NP Mr. *UNKC )NP , (SBAR (WHNP whom )WHNP (S (NP he )NP (VP referred (PP to )PP (PP as (NP a friend )NP )PP )VP )S )SBAR , )NP )PP (PP by (NP telephone )NP )PP (NP Monday evening )NP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP I )NP (VP 'm (ADJP *UNK (SBAR that (S (NP we )NP (VP 'll (VP have (NP further discussions )NP )VP )VP )S )SBAR )ADJP )VP )S , '' (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (PP On (NP Wall Street )NP )PP , (NP takeover stock traders )NP (VP bid (NP (NP Nekoosa 's )NP stock )NP (PP (ADVP well )ADVP above (NP the Georgia-Pacific bid )NP )PP , (S (VP assuming (SBAR that (S (NP Nekoosa 's )NP (VP will (VP either be (VP sold (PP (PP to (NP a rival bidder )NP )PP or (PP to (NP Georgia-Pacific )NP )PP )PP (PP at (NP (NP a higher price )NP -- (NP (NP (QP as much as $ 75 )QP )NP (NP a share )NP , (PP according (PP to (NP some estimates )NP )PP )PP )NP )NP )PP )VP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP Yesterday )NP , (NP Nekoosa common )NP (VP closed (PP in (NP composite New York Stock Exchange trading )NP )PP (PP at (NP $ *UNKN )NP )PP , (ADVP up (NP $ *UNKN )NP )ADVP , (PP on (NP (NP volume )NP (PP of (NP (QP almost 6.3 million )QP shares )NP )PP )NP )PP )VP . )S  STOP
(S (NP Georgia-Pacific )NP (VP closed (ADVP down (NP $ *UNKN )NP )ADVP , (PP at (NP $ *UNKN )NP )PP (PP in (NP Big Board trading )NP )PP )VP . )S  STOP
(S (NP *UNKC stock traders )NP (VP noted (SBAR that (S (SBAR with (S (NP the junk-bond market )NP (PP in (NP *UNK )NP )PP )S )SBAR , (NP (NP Georgia-Pacific 's )NP bid )NP (VP is (NP (NP an indication )NP (PP of (SBAR (WHADVP where )WHADVP (S (NP the takeover game )NP (VP is (VP headed (ADVP : (ADVP *UNKLY )ADVP , (S (S (NP industrial companies )NP (VP can (VP continue (S (VP bidding (PP for (NP one another )NP )PP )VP )S )VP )VP )S , but (S (NP (NP financial buyers )NP (PP such as (NP leveraged buy-out firms )NP )PP )NP (VP will (VP be (PP at (NP a *UNK )NP )PP (PP in (S (VP *UNKING (NP financing )NP )VP )S )PP )VP )VP )S )S )ADVP )VP )VP )S )SBAR )PP )NP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (FRAG (NP (NP The way )NP (SBAR (S (NP the world )NP (VP is (VP *UNKING (PRT up )PRT )VP )VP )S )SBAR )NP )FRAG , (S (NP the strategic buyer )NP (VP is (VP going (S (VP to (VP be (NP the rule )NP )VP )VP )S )VP )VP )S and (S (NP the financial buyer )NP (VP is (VP going (S (VP to (VP be (NP the exception )NP )VP )VP )S )VP )VP )S )S , '' (VP said )VP (NP one trader )NP . )SINV  STOP
(S (PP For (NP the paper industry )NP )PP (ADVP specifically )ADVP , (NP most analysts )NP (VP said (SBAR (S (NP the deal )NP (VP will (VP *UNK (NP (NP a wave )NP (PP of (NP (NP *UNK- takeovers )NP , (VP (ADVP possibly )ADVP involving (NP (NP such companies )NP (PP as (NP (NP Union *UNKC Corp. )NP , (NP Federal *UNKC Co. )NP and (NP *UNKC Corp )NP )NP )PP )NP )VP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The analysts )NP (VP argued (SBAR that (S (NP (NP (NP Georgia-Pacific 's )NP offer )NP , (NP (NP the first hostile bid )NP (ADVP ever )ADVP (PP among (NP (NP major players )NP (PP in (NP the paper industry )NP )PP )NP )PP )NP , )NP (VP (VP ends (NP (NP the *UNK *UNK )NP (PP on (NP hostile bids )NP )PP )NP )VP , and (VP will (VP push (S (NP *UNK )NP (VP to (VP look (ADVP closely )ADVP (PP at (NP (NP the industry 's )NP several attractive takeover candidates )NP )PP )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (NP *UNKC )NP (VP has (VP been (ADVP long )ADVP (ADJP *UNK )ADJP )VP )VP . )S  STOP
(S (NP It )NP (VP was (ADVP just )ADVP (NP (NP the culture )NP (PP of (NP the industry )NP )PP )NP (SBAR (WHNP that )WHNP (S (VP kept (NP it )NP (PP from (S (VP happening )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP The Georgia-Pacific offer )NP (VP has (ADVP *UNKLY )ADVP (VP changed (NP the landscape )NP )VP )VP )S , '' (VP said )VP (NP (NP Gary *UNKC )NP (PP of (NP Oppenheimer & Co )NP )PP )NP . )SINV  STOP
(SINV (VP *UNKED )VP (NP (NP Mark *UNKC )NP (PP of (NP Prudential-Bache Securities Inc. )NP )PP )NP : `` (S (NP (NP It )NP )NP (VP 's (ADJP much easier )ADJP (S (VP to (VP be (ADJP second )ADJP )VP )VP )S )VP )S . '' )SINV  STOP
(S (NP (NP A Georgia-Pacific acquisition )NP (PP of (NP Nekoosa )NP )PP )NP (VP would (VP create (NP the largest U.S. *UNK- company )NP )VP )VP . )S  STOP
(S (PP *UNKED (PP on (NP 1988 sales )NP )PP )PP , (NP (NP Georgia-Pacific )NP )NP (VP *UNKED (ADVP third )ADVP (PP at (NP (QP $ *UNKN billion )QP )NP )PP , (PP behind (NP (NP (NP Weyerhaeuser Co. )NP (PP at (NP (QP $ 10 billion )QP )NP )PP )NP and (NP (NP International Paper Co. )NP (PP at (NP (QP $ *UNKN billion )QP )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP (NP Nekoosa )NP )NP (VP *UNKED (ADVP *UNK )ADVP (PP with (NP (NP sales )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP )PP )VP . )S  STOP
(S (NP The combined company )NP (VP would (VP have (VP had (NP (NP 1988 sales )NP (PP of (NP (QP $ 13.1 billion )QP )NP )PP )NP )VP )VP )VP . )S  STOP
(S But (NP such a combination )NP (ADVP also )ADVP (VP *UNK (NP great risks )NP )VP . )S  STOP
(S (PP At (NP (NP a time )NP (SBAR (WHADVP when )WHADVP (S (NP most (NX (NX analysts )NX and (NX industry consultants )NX )NX )NP (VP say (SBAR (S (NP pulp and paper prices )NP (VP are (VP heading (PP for (NP a *UNK )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP , (S (VP adding (NP capacity and debt )NP )VP )S (VP could (VP squeeze (NP Georgia-Pacific )NP (SBAR if (S (NP the industry )NP (VP declines (NP (NP more )NP (SBAR than (S (NP the company )NP (VP expects )VP )S )SBAR )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP (NP any unexpected *UNKING )NP (PP of (NP the dollar )NP )PP )NP (VP would (VP hurt (NP Georgia-Pacific )NP (SBAR because (S (NP (NP (NP two )NP (PP of (NP (NP Nekoosa 's )NP major product lines )NP )PP )NP -- (NP (NP (NP *UNK )NP , (SBAR (WHNP which )WHNP (S (VP is (VP used (S (VP to (VP make (NP shipping *UNK )NP )VP )VP )S )VP )VP )S )SBAR )NP , and (NP market pulp )NP )NP -- )NP (VP are (VP *UNKED (PP in (NP large quantities )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(SINV `` (S (NP Nobody )NP (VP knows (SBAR (WHADJP how deep )WHADJP (S (NP the cycle )NP (VP is (VP going (S (VP to (VP be )VP )VP )S )VP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP *UNKC Young )NP , (NP (NP vice president )NP (PP of (NP (NP *UNKC Information Systems Inc. )NP , (NP a (NAC *UNKC , Mass. , )NAC *UNKING firm )NP )NP )PP )NP )NP . )SINV  STOP
(S `` (PP *UNKING (PP on (SBAR (WHADVP how far down )WHADVP (S (NP you )NP (VP go )VP )S )SBAR )PP )PP , (NP (NP it )NP )NP (VP may (VP be (ADJP difficult )ADJP (S (VP to (VP pay (PRT off )PRT (NP that debt )NP )VP )VP )S )VP )VP . '' )S  STOP
(S (NP (NP One person )NP (ADJP familiar (PP with (NP Georgia-Pacific )NP )PP )ADJP )NP (VP said (SBAR (S (NP the acquisition )NP (VP would (VP (ADVP more than )ADVP double (NP (NP (NP the company 's )NP debt )NP (PP of (NP (QP almost $ 3 billion )QP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP could (VP be (NP (NP a drag )NP (PP on (NP Georgia-Pacific earnings )NP )PP )NP (SBAR because (S (NP (NP (NP the (QP roughly $ 1.5 billion )QP )NP (PP in (NP *UNK )NP )PP )NP (PRN -- (NP (NP the amount )NP (SBAR (WHPP by (WHNP which )WHNP )WHPP (S (NP the bid )NP (VP *UNK (NP (NP (NP Nekoosa 's )NP book value )NP (PP of (NP (QP $ 1.5 billion )QP )NP )PP )NP )VP )S )SBAR )NP -- )PRN )NP (VP will (VP have (S (VP to (VP be (VP *UNKED (PP from (NP earnings )NP )PP (PP over (NP (NP a period )NP (PP of (NP decades )NP )PP )NP )PP )VP )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Georgia-Pacific 's )NP Mr. *UNKC )NP (VP said (SBAR that (S (NP a combined operation )NP (VP would (VP allow (NP savings )NP (PP in (NP many ways )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The two companies )NP (NP each )NP )NP (VP produce (NP (NP market pulp )NP , (NP *UNK )NP and (NP white paper )NP )NP )VP . )S  STOP
(S (S (NP That )NP (VP means (SBAR (S (NP goods )NP (VP could (VP be (VP manufactured (ADVP closer (PP to (NP customers )NP )PP )ADVP , (S (VP saving (NP shipping costs )NP )VP )S )VP )VP )VP )S )SBAR )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP production runs )NP (VP would (VP be (ADJP longer )ADJP , (S (VP cutting (NP *UNK )NP (PP from (S (VP *UNKING (NP machinery )NP (PP between (NP production *UNK )NP )PP )VP )S )PP )VP )S )VP )VP . )S  STOP
(S And (NP Georgia-Pacific )NP (VP could (VP save (NP money )NP (PP in (S (VP selling (NP pulp )NP )VP )S )PP , (SBAR because (S (NP the company )NP (VP uses (NP its own sales organization )NP (SBAR while (S (NP Nekoosa )NP (VP employs (NP *UNK- agents )NP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Mr. Hahn )NP (VP said (SBAR (S (NP Georgia-Pacific )NP (VP has (VP accounted (PP in (NP its strategy )NP )PP (PP for (NP (NP (NP a `` significant downturn '' )NP (PP in (NP the pulp and paper industry )NP )PP )NP , (NP (NP an event )NP (SBAR (WHNP that )WHNP (S (NP he )NP (VP said (SBAR (S (VP would (ADVP temporarily )ADVP (VP *UNK (NP earnings )NP )VP )VP )S )SBAR )VP )S )SBAR )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP he )NP (VP said (SBAR that (S (PP (ADVP even )ADVP under (NP those conditions )NP )PP , (NP the company )NP (ADVP still )ADVP (VP would (VP realize (NP (NP a savings )NP (PP of (NP (NP *UNK )NP (PP of (NP (NP millions )NP (PP of (NP dollars )NP )PP )NP )PP )NP )PP )NP (PP in (NP (NP the first year )NP (PP following (NP a merger )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (S (NP The fit )NP (VP is (ADJP so good )ADJP )VP )S , (S (NP we )NP (VP see (NP this )NP (PP as (NP (NP a time )NP (PP of (NP opportunity )NP )PP )NP )PP )VP )S )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP (NP Georgia-Pacific )NP , (SBAR (WHNP which )WHNP (S (VP has (VP suspended (NP its *UNK- program )NP )VP )VP )S )SBAR , )NP (VP would (VP finance (NP the acquisition )NP (PP with (NP (NP all bank debt )NP , (VP provided (PP by (NP (NP banks )NP (VP led (PP by (NP BankAmerica Corp )NP )PP )VP )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (S (NP Georgia-Pacific )NP (VP owns (NP *UNKN Nekoosa shares )NP )VP )S and (S (VP would (VP need (NP federal antitrust clearance )NP (S (VP to (VP buy (NP (NP (QP more than $ 15 million )QP )NP worth )NP )VP )VP )S )VP )VP )S . )S  STOP
(S (NP U.S. clearance )NP (ADVP also )ADVP (VP is (VP needed (PP for (NP the proposed acquisition )NP )PP )VP )VP . )S  STOP
(S (PP For (NP Nekoosa )NP )PP , (NP defense options )NP (VP may (VP be (VP *UNK (ADVP somewhat )ADVP (PP by (NP (NP the *UNK state )NP (PP of (NP (NP the junk-bond market )NP , (SBAR (WHNP which )WHNP (S (VP limits (SBAR (WHADVP how much value )WHADVP (S (NP the target )NP (VP could (VP reach (PP in (NP a *UNKED recapitalization )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP (NP (NP The company 's )NP chairman )NP , (NP Mr. *UNKC )NP , )NP and (NP (NP a group )NP (PP of (NP advisers )NP )PP )NP )NP (VP met (PP at (NP (NP the offices )NP (PP of (NP (NP *UNKC *UNKC Rosen & Katz )NP , (NP (NP a law firm )NP (VP *UNKING (PP in (NP takeover defense )NP )PP )VP )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Nekoosa )NP (ADVP also )ADVP (VP is (VP being (VP advised (PP by (NP Goldman , Sachs & Co )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP Georgia-Pacific 's )NP advisers )NP (VP are (NP (NP (NP *UNKC , *UNKC & Co. )NP , (SBAR (WHNP which )WHNP (S (VP stands (S (VP to (VP receive (NP a (ADJP (QP $ 15 million )QP )ADJP fee )NP (SBAR if (S (NP the takeover )NP (VP succeeds )VP )S )SBAR )VP )VP )S )VP )S )SBAR )NP , and (NP (NP the law firm )NP (PP of (NP *UNKC & Sterling )NP )PP )NP )NP )VP . )S  STOP
(S (NP (NP People )NP (ADJP familiar (PP with (NP Nekoosa )NP )PP )ADJP )NP (VP said (SBAR (S (NP its board )NP (VP is n't (ADJP likely (S (VP to (VP meet (PP before (NP (NP the week )NP (PP after (NP next )NP )PP )NP )PP (S (VP to (VP respond (PP to (NP the bid )NP )PP )VP )VP )S )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP The board )NP (VP has (NP (NP 10 business days )NP (SBAR (S (VP to (VP respond )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (NP (NP addition )NP (PP to (NP (NP (NP the usual array )NP (PP of (NP *UNK )NP )PP )NP , (PP including (NP (NP a so-called poison pill )NP and (NP a *UNKED board )NP )NP )PP )NP )PP )NP )PP , (NP Nekoosa )NP (VP has (NP (NP another takeover defense )NP : (NP (NP a Maine state law )NP (VP *UNKING (NP hostile bidders )NP (PP from (S (VP *UNKING (NP acquired businesses )NP (PP for (NP five years )NP )PP )VP )S )PP )VP )NP )NP )VP . )S  STOP
(S (NP Nekoosa )NP (VP is (VP *UNKED (PP in (NP Maine )NP )PP )VP )VP . )S  STOP
(S (NP Georgia-Pacific )NP (VP has (VP filed (NP a lawsuit )NP (PP in (NP (NP federal court )NP (PP in (NP Maine )NP )PP )NP )PP (S (VP *UNKING (NP (NP the poison pill )NP and (NP the Maine merger law )NP )NP )VP )S )VP )VP . )S  STOP
(S (S (NP (NP Nekoosa 's )NP poison pill )NP (VP allows (S (NP shareholders )NP (VP to (VP vote (S (VP to (VP *UNK (NP it )NP )VP )VP )S )VP )VP )S )VP )S , but (S (NP Georgia-Pacific )NP (VP is n't (ADJP likely (S (VP to (VP pursue (NP such a course )NP (ADVP immediately )ADVP )VP )VP )S )ADJP (SBAR because (S (NP that )NP (VP (VP would (VP take (NP (QP 90 to 120 )QP days )NP )VP )VP , and (VP would n't (VP affect (NP (NP the provisions )NP (PP of (NP the Maine law )NP )PP )NP )VP )VP )VP )S )SBAR )VP )S . )S  STOP
(SINV (PP Among (NP (NP companies )NP (VP mentioned (PP by (NP analysts )NP )PP (PP as (NP (NP possible *UNK )NP (PP for (NP Nekoosa )NP )PP )NP )PP )VP )NP )PP (VP are )VP (NP (NP International Paper )NP , (NP Weyerhaeuser )NP , (NP Canadian Pacific Ltd. )NP and (NP *UNKC *UNKC Ltd )NP )NP . )SINV  STOP
(SINV `` (S (NP I )NP (VP 'm (ADJP sure (SBAR (S (NP (NP everybody )NP (ADJP else )ADJP )NP (VP is (VP putting (NP *UNK )NP (PP to (NP paper )NP )PP )VP )VP )S )SBAR )ADJP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP an analyst )NP (PP with (NP First Manhattan Co )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP International Paper )NP and (NP Weyerhaeuser )NP )NP (VP declined (S (VP to (VP comment )VP )VP )S )VP . )S  STOP
(S (S (NP Canadian Pacific )NP (VP could n't (VP be (VP reached (PP for (NP comment )NP )PP )VP )VP )VP )S , and (S (NP *UNKC *UNKC )NP (VP said (SBAR (S (NP it )NP (VP has n't (NP any plans (S (VP to (VP make (NP (NP a bid )NP (PP for (NP Nekoosa )NP )PP )NP )VP )VP )S )NP )VP )S )SBAR )VP )S . )S  STOP
(S (NP Investors )NP (VP were (ADJP quick (S (VP to (VP spot (NP (NP other potential takeover candidates )NP , (SBAR (WHNP (WHNP all )WHNP (WHPP of (WHNP which )WHNP )WHPP )WHNP (S (VP have (NP (NP strong cash flows )NP and (NP *UNK- operations )NP )NP )VP )S )SBAR )NP )VP )VP )S )ADJP )VP . )S  STOP
(SINV (PP Among (NP (NP paper company stocks )NP (SBAR (WHNP that )WHNP (S (VP rallied (PP on (NP the Big Board )NP )PP (PP because of (NP the offer )NP )PP )VP )S )SBAR )NP )PP (VP were )VP (NP (NP (NP Union *UNKC )NP , (ADVP up (NP $ *UNKN )NP (PP to (NP $ *UNKN )NP )PP )ADVP )NP , (NP (NP Federal *UNKC )NP , (ADVP up (NP $ 1.75 )NP (PP to (NP $ *UNKN )NP )PP )ADVP )NP , (NP (NP *UNKC )NP , (ADVP up (NP $ *UNKN )NP (PP to (NP $ *UNKN )NP )PP )ADVP )NP , and (NP (NP *UNKC *UNKC Inc. )NP , (ADVP up (NP $ *UNKN )NP (PP to (NP $ *UNKN )NP )PP )ADVP )NP )NP . )SINV  STOP
(S (PP In (NP over-the-counter national trading )NP )PP , (NP *UNKC Inc. )NP (VP jumped (NP $ 1.50 )NP (PP to (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (NP Some analysts )NP (VP argued (SBAR that (S (NP there )NP (VP wo n't (VP be (NP (NP a *UNK )NP (PP of (NP takeovers )NP )PP )NP (SBAR because (S (NP (NP the industry 's )NP continuing *UNK- program )NP (VP is (VP eating (PRT up )PRT (NP available cash )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP some analysts )NP (VP said (SBAR (S (NP they )NP (VP expect (S (NP (NP a foreign paper company )NP (PP with (NP (NP deeper *UNK )NP (PP than (NP Georgia-Pacific )NP )PP )NP )PP )NP (VP to (VP end (PRT up )PRT (S (VP acquiring (NP Nekoosa )NP )VP )S , (S (VP *UNKING (PP to (NP (NP the rest )NP (PP of (NP the industry )NP )PP )NP )PP (SBAR that (S (NP hostile bids )NP (VP are (ADJP *UNK )ADJP )VP )S )SBAR )VP )S )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP This )NP (VP is (NP a one-time event )NP )VP )S , '' (VP said )VP (NP (NP Lawrence Ross )NP (PP of (NP PaineWebber Inc. )NP )PP )NP , (S (VP referring (PP to (NP the Georgia-Pacific bid )NP )PP )VP )S . )SINV  STOP
(S But (NP many analysts )NP (VP believe (SBAR that , (S (PP given (NP (NP (NP the *UNK )NP (PP of (NP (NP paper companies ' )NP cash flows )NP )PP )NP , (CONJP as well as )CONJP (NP (NP the *UNK consolidation )NP (PP of (NP the paper industry )NP )PP (PP in (NP Europe )NP )PP )NP )NP , )PP (NP there )NP (VP will (VP be (NP (NP (QP at least a few more )QP big hostile bids )NP (PP for (NP U.S. companies )NP )PP )NP (PP within (NP the next several months )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The buyers )NP (PRN , (S (NP these analysts )NP (VP added )VP )S , )PRN (VP could (VP be (NP either (NP foreign )NP or (NP other U.S. )NP (NX concerns )NX )NP )VP )VP . )S  STOP
(SINV `` (S (NP The Georgia-Pacific bid )NP (VP may (VP open (NP (NP the door )NP (PP to (NP (NP a new era )NP (PP of (NP (NP consolidation )NP '' (PP in (NP the paper industry )NP )PP )NP )PP )NP )PP )NP )VP )VP )S , (VP said )VP (NP (NP Mark *UNKC )NP (PP of (NP Shearson Lehman Hutton Inc )NP )PP )NP . )SINV  STOP
(SINV `` (S (NP I )NP (VP do n't (VP think (SBAR (S (NP anyone )NP (VP is (ADVP now )ADVP (ADJP immune (PP from (NP takeover )NP )PP )ADJP )VP )S )SBAR )VP )VP )S , '' (VP said )VP (NP (NP Robert *UNKC )NP (PP of (NP (NP *UNKC & *UNKC Inc. )NP , (NP Chicago )NP )NP )PP )NP . )SINV  STOP
(S (NP He )NP (VP added : `` (S (NP Every paper company management )NP (VP has (S (VP to (VP be (VP saying (PP to (NP itself )NP )PP , ` (S (SBAR Before (S (NP someone )NP (VP comes (PP after (NP me )NP )PP )VP )S )SBAR , (NP I )NP (VP 'm (VP going (S (VP to (VP go (PP after (NP somebody )NP )PP )VP )VP )S )VP )VP )S )VP )VP )VP )S )VP )S )VP . ' '' )S  STOP
(S (NP (NP Prudential-Bache 's )NP Mr. *UNKC )NP (VP said (SBAR (S (NP he )NP (VP does n't (VP see (S (NP (NP the industry 's )NP *UNK- program )NP (VP *UNKING (NP takeover activity )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Several projects )NP (PRN , (S (NP he )NP (VP said )VP )S , )PRN (VP are (ADVP still )ADVP (PP on (NP the drawing board )NP )PP )VP . )S  STOP
(S (ADVP Moreover )ADVP , `` (NP (NP it )NP )NP (VP 's (ADJP (ADJP (NP a lot )NP cheaper and *UNK )ADJP )ADJP (S (VP to (VP buy (NP a plant )NP )VP )VP )S (SBAR than (S (VP to (VP build (NP one )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (ADVP Indeed )ADVP , (NP (NP a number )NP (PP of (NP analysts )NP )PP )NP (VP said (SBAR that (S (NP Japanese paper companies )NP (VP are (ADJP *UNK (S (VP to (VP acquire (NP additional manufacturing capacity )NP (PP (ADVP anywhere )ADVP in (NP the world )NP )PP )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP Some )NP (VP predicted (SBAR that (S (NP Nekoosa )NP (VP will (VP end (PRT up )PRT (S (VP being (VP owned (PP by (NP a Japanese company )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP Shearson Lehman 's )NP Mr. *UNKC )NP (VP said (SBAR that , (S (S (VP to (VP stay (ADJP competitive )ADJP )VP )VP )S , (NP the U.S. paper industry )NP (VP needs (S (VP to (VP catch (PRT up )PRT (PP with (NP the European industry )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (SBAR Since (S (NP (NP the *UNK- wave )NP (PP of (NP friendly takeovers )NP )PP )NP (VP was (VP completed (PP in (NP the U.S. )NP )PP (PP in (NP 1986 )NP )PP )VP )VP )S )SBAR , (NP there )NP (VP have (VP been (NP (QP more than 100 )QP mergers and acquisitions )NP (PP within (NP the European paper industry )NP )PP )VP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (NP (NP (NP *UNKED Inc. )NP , (NP (NP *UNKC )NP , (NP Ill. )NP )NP , )NP and (NP (NP *UNKC Research Inc. )NP , (NP Los Angeles )NP , )NP )NP (VP said (SBAR (S (NP the Food and Drug Administration )NP (VP granted (NP (NP full marketing approval )NP (PP for (NP (NP a new drug )NP (PP for (NP (NP the treatment )NP (PP of (NP (NP a condition )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP the heart )NP (VP *UNK (NP (NP (QP between 150 and 200 )QP *UNK )NP (NP a minute )NP )NP )VP )S )SBAR )NP )PP )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The condition )NP , (VP known (PP as (NP *UNK *UNK *UNK )NP )PP )VP , )NP (VP leads (PP to (NP *UNK and *UNKING )NP )PP )VP . )S  STOP
(S (NP The typical healthy heart )NP (VP *UNK (NP (NP 70 times )NP (NP a minute )NP )NP )VP . )S  STOP
(S (NP (NP The drug )NP , (VP called (S (NP *UNK )NP )S )VP , )NP (VP returns (NP the heart )NP (PP to (NP a normal *UNK )NP )PP (PP within (NP seconds )NP )PP , (PP according (PP to (NP *UNKED )NP )PP )PP )VP . )S  STOP
(S (NP *UNKC Research )NP (VP (VP developed (NP the drug )NP )VP and (VP *UNKED (NP it )NP (PP to (NP *UNKED )NP )PP (PP for (NP (NP sale )NP (PP in (NP (NP the U.S. )NP and (NP Canada )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP *UNKC industry 's )NP labor costs )NP (VP rose (NP 1.2 % )NP (PP in (NP the third quarter )NP )PP , (S (VP matching (NP the *UNK- pace )NP )VP )S , (SBAR as (S (NP health insurance costs )NP (VP continued (S (VP to (VP *UNK )VP )VP )S )VP )S )SBAR )VP )S , (NP the Labor Department )NP (VP said )VP . )S  STOP
(S (NP (NP The increase )NP (PP in (NP wage and benefit costs )NP )PP (PP in (NP the third quarter )NP )PP )NP (VP was (ADJP (ADJP greater )ADJP (PP than (NP (NP the 1 % rise )NP (VP reported (PP for (NP (NP the third quarter )NP (PP of (NP 1988 )NP )PP )NP )PP )VP )NP )PP )ADJP )VP . )S  STOP
(SINV `` (S (NP (NP *UNKC increases )NP and (NP overall compensation increases )NP )NP (VP are (VP beginning (S (VP to (VP *UNK (ADVP upward )ADVP (NP a little bit )NP )VP )VP )S )VP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a labor economist )NP (PP at (NP (NP the Conference Board )NP , (NP a business research organization )NP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP One )NP (VP would (VP have (VP thought (SBAR (S (NP this )NP (VP would (VP have (VP happened (ADVP (NP (QP two or three )QP years )NP ago )ADVP (SBAR as (S (NP the labor market )NP (VP *UNKED )VP )S )SBAR )VP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (S (S (NP It )NP (VP is (NP a (ADJP considerably delayed )ADJP reaction )NP )VP )S and (S (NP it )NP (VP 's not (NP a severe one )NP (PP at (NP all )NP )PP )VP )S )S , '' (NP she )NP (VP added )VP . )S  STOP
(S (NP The new data )NP (VP *UNKED (NP (NP the *UNK )NP (PP of (NP (NP the nation 's )NP health-care cost problem )NP )PP )NP )VP . )S  STOP
(S (PP In (NP (NP the 12 months )NP (VP ended (PP in (NP September )NP )PP )VP )NP )PP , (NP (NP wages and salaries )NP (PP of (NP private-sector workers )NP )PP )NP (VP rose (NP 4.4 % )NP , (SBAR while (S (NP health insurance costs )NP (VP *UNKED (PP by (NP *UNKN % )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The consumer price index )NP (VP climbed (NP 4.3 % )NP (PP in (NP the same period )NP )PP )VP . )S  STOP
(S (PP Despite (NP (NP the big increases )NP (PP in (NP health-care costs )NP )PP )NP )PP , (NP wages )NP (ADVP still )ADVP (VP account (PP for (NP (NP a (ADJP far greater )ADJP share )NP (PP of (NP overall labor costs )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The overall private-sector employment cost index )NP , (SBAR (WHNP which )WHNP (S (VP includes (NP both wages and benefits )NP )VP )S )SBAR , )NP (VP rose (NP 4.7 % )NP (PP in (NP (NP the 12 months )NP (VP ended (PP in (NP September )NP )PP )VP )NP )PP , (PP compared (PP with (NP (NP 4.5 % )NP (PP for (NP both (NX (NX (NP the 12 months )NP (VP ended (PP in (NP June )NP )PP )VP )NX and (NX (NP the 12 months )NP (VP ended (NP September 1988 )NP )VP )NX )NX )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP Labor costs )NP (VP are (VP *UNKING (PP at (NP a (ADJP (ADVP far more )ADVP rapid )ADJP pace )NP )PP (PP in (NP the health care industry )NP )PP (PP than (PP in (NP other industries )NP )PP )PP )VP )VP . )S  STOP
(S (PP For (NP instance )NP )PP , (NP (NP wages )NP (PP of (NP private-sector hospital workers )NP )PP )NP (VP *UNKED (NP 6.6 % )NP (PP in (NP (NP the 12 months )NP (VP ended (PP in (NP September )NP )PP )VP )NP )PP , (PP compared (PP with (NP (NP 4.4 % )NP (PP for (NP (NP workers )NP (PP in (NP all industries )NP )PP )NP )PP )NP )PP )PP )VP . )S  STOP
(S (PP In (NP the third quarter )NP )PP , (NP (NP wages and salaries )NP (PP in (NP all private industry )NP )PP )NP (VP rose (NP 1.2 % )NP , (PP compared (PP with (NP (NP 1 % increases )NP (PP (PP in (NP both the second quarter )NP )PP and (PP in (NP (NP the third quarter )NP (PP of (NP 1988 )NP )PP )NP )PP )PP )NP )PP )PP )VP . )S  STOP
(S (PP For (NP the past five years )NP )PP , (NP unions )NP (VP have n't (VP managed (S (VP to (VP win (NP (NP wage increases )NP (ADJP (ADJP as large )ADJP (PP as (NP (NP those )NP (VP granted (PP to (NP *UNK workers )NP )PP )VP )NP )PP )ADJP )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP For (NP private-sector union workers )NP )PP , (NP (NP the cost )NP (PP of (NP wages and benefits )NP )PP )NP (VP rose (NP *UNKN % )NP (PP in (NP the third quarter )NP )PP )VP . )S  STOP
(S (PP For (NP *UNK workers )NP )PP , (NP the costs )NP (VP rose (NP 1.4 % )NP )VP . )S  STOP
(S (S (NP Labor costs )NP (VP continued (S (VP to (VP rise (ADVP more rapidly )ADVP (PP in (NP service industries )NP )PP (PP than (PP in (NP *UNKING industries )NP )PP )PP )VP )VP )S )VP )S , (NP the report )NP (VP showed )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP found (S (NP them )NP (VP rising (ADVP much more )ADVP (PP in (NP the Northeast )NP )PP (PP than (ADVP elsewhere )ADVP )PP )VP )S )VP . )S  STOP
(S (PP *UNKING (NP (NP employees )NP (PP of (NP (UCP state and local (PRN -- but not (NAC the federal )NAC -- )PRN )UCP governments )NP )PP )NP )PP , (NP the employment cost index )NP (VP rose (NP 1.6 % )NP (PP in (NP the third quarter )NP )PP , (PP compared (PP with (NP (NP a (ADJP 1.3 % )ADJP rise )NP (PP in (NP (NP the same quarter )NP (PP in (NP 1988 )NP )PP )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP The index )NP (VP rose (NP 1.1 % )NP (PP in (NP the second quarter )NP )PP )VP . )S  STOP
(S (PP For (NP (NP the 12 months )NP (VP ended (PP in (NP September )NP )PP )VP )NP )PP , (NP this index )NP (VP was (ADVP up (NP *UNKN % )NP )ADVP )VP . )S  STOP
(S (NP It )NP (VP (VP rose (NP 4.8 % )NP (PP for (NP (NP the 12 months )NP (VP ended (PP in (NP June )NP )PP )VP )NP )PP )VP and (VP (NP 4.7 % )NP (PP in (NP (NP the 12 months )NP (VP ended (PP in (NP September 1988 )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (PP Unlike (NP most economic indicators )NP )PP , (NP (NP none )NP (PP of (NP these figures )NP )PP )NP (VP are (VP adjusted (PP for (NP seasonal *UNK )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC Inc. )NP (VP said (SBAR (S (NP it )NP (VP is (VP *UNKING (NP 200 employees )NP (PP as (NP (NP part )NP (PP of (NP (NP a restructuring )NP (VP aimed (PP at (S (VP producing (NP (NP pretax savings )NP (PP of (NP (NP (QP $ 10 million )QP )NP (ADVP annually )ADVP )NP )PP )NP )VP )S )PP )VP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Under (NP the plan )NP )PP , (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP will (VP sell (NP (NP certain assets and businesses )NP (SBAR (WHNP that )WHNP (S (VP do n't (VP meet (NP (UCP strategic and profitability )UCP objectives )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The (NAC *UNKC *UNKC , Ill. , )NAC chemical *UNK concern )NP , (SBAR (WHNP which )WHNP (S (VP has (NP (QP about 2,000 )QP employees )NP (ADVP world-wide )ADVP )VP )S )SBAR , )NP (VP said (SBAR (S (NP it )NP (VP plans (S (VP to (VP sell (NP (NP its (UCP domestic rigid *UNK packaging and flexible *UNK )UCP businesses )NP , and (NP its (NAC Chicago *UNKC , Ill. , )NAC *UNK plant )NP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP it )NP (VP plans (S (VP to (VP use (NP the sale proceeds )NP (S (VP to (VP invest (PP in (NP (NP business opportunities )NP (VP (ADVP more closely )ADVP identified (PP with (NP (NP the company 's )NP `` *UNKED direction )NP )PP )VP )NP )PP )VP )VP )S )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP StatesWest Airlines )NP , (NP (NP Phoenix )NP , (NP Ariz. )NP , )NP )NP (VP said (SBAR (S (NP it )NP (VP withdrew (NP its offer (S (VP to (VP acquire (NP Mesa Airlines )NP )VP )VP )S )NP (SBAR because (S (NP the *UNKC , *UNKC , carrier )NP (VP did n't (VP respond (PP to (NP its offer )NP )PP (PP by (NP (NP (NP (NP the close )NP (PP of (NP business )NP )PP )NP (NP yesterday )NP )NP , (NP (NP a deadline )NP (SBAR (S (NP StatesWest )NP (VP had (VP set (PP for (NP a response )NP )PP )VP )VP )S )SBAR )NP )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (ADVP However )ADVP , (NP StatesWest )NP (VP is n't (VP *UNKING (NP (NP its pursuit )NP (PP of (NP the *UNK- Mesa )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP StatesWest )NP , (SBAR (WHNP which )WHNP (S (VP has (NP (NP a (ADJP *UNKN % )ADJP stake )NP (PP in (NP Mesa )NP )PP )NP )VP )S )SBAR , )NP (VP said (SBAR (S (NP it )NP (VP may (VP (VP purchase (NP more Mesa stock )NP )VP or (VP make (NP a tender offer )NP (PP (ADVP directly )ADVP to (NP Mesa shareholders )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP StatesWest )NP (VP had (VP proposed (S (VP acquiring (NP Mesa )NP (PP for (NP (NP (NP $ 7 )NP (NP a share )NP )NP and (NP (NP one share )NP (PP of (NP (NP a new series )NP (PP of (NP StatesWest (ADJP 6 % )ADJP convertible preferred stock )NP )PP (SBAR (S (NP it )NP (VP values (PP at (NP (NP $ 3 )NP (NP a share )NP )NP )PP )VP )S )SBAR )NP )PP )NP )NP )PP )VP )S )VP )VP . )S  STOP
(S (ADVP Earlier )ADVP , (NP Mesa )NP (VP had (VP rejected (NP (NP a general proposal )NP (PP from (NP StatesWest )NP )PP (S (VP to (VP combine (NP the two carriers )NP (PP in (NP some way )NP )PP )VP )VP )S )NP )VP )VP . )S  STOP
(S (NP StatesWest )NP (VP serves (NP (NP 10 cities )NP (PP in (NP California , Arizona and *UNKC )NP )PP )NP )VP . )S  STOP
(S (NP Mesa )NP (VP *UNK (PP to (NP (NP 42 cities )NP (PP in (NP (NP New Mexico )NP , (NP Arizona )NP , (NP *UNKING )NP , (NP Colorado )NP and (NP Texas )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP A *UNK new takeover deal )NP (VP sparked (NP (NP a big rally )NP (PP in (NP stock prices )NP )PP , (SBAR (WHNP which )WHNP (S (VP *UNKED (NP the dollar )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Bond prices )NP (ADVP also )ADVP (VP edged (ADVP higher )ADVP )VP . )S  STOP
(S (NP (NP (NP Georgia-Pacific 's )NP (ADJP (QP $ *UNKN billion )QP )ADJP bid )NP (PP for (NP Great Northern Nekoosa )NP )PP )NP (VP helped (S (VP drive (NP the Dow Jones Industrial Average )NP (ADVP up (NP *UNKN points )NP )ADVP , (PP to (NP *UNKN )NP )PP )VP )S , (PP in (NP active trading )NP )PP )VP . )S  STOP
(S (NP The dollar )NP (VP drew (NP strength )NP (PP from (NP (NP the stock market 's )NP climb )NP )PP )VP . )S  STOP
(S (NP *UNKC bond prices )NP (VP rose (PP despite (NP (NP *UNK )NP (PP about (SBAR (WHNP what )WHNP (S (NP a key economic report )NP (VP will (VP show (NP today )NP )VP )VP )S )SBAR )PP )NP )PP )VP . )S  STOP
(S (NP Analysts )NP (VP said (SBAR (S (NP (NP the offer )NP (PP for (NP Great Northern Nekoosa )NP )PP )NP (VP broke (NP (NP the *UNK )NP (SBAR (WHNP that )WHNP (S (VP settled (PP over (NP the takeover business )NP )PP (PP for (NP the past three weeks )NP )PP (PP in (NP (NP the wake )NP (PP of (NP the collapsed UAL Corp . buy-out )NP )PP )NP )PP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Great Northern Nekoosa )NP (VP soared (NP (NP $ *UNKN )NP (NP a share )NP )NP , (PP to (NP $ *UNKN )NP )PP , (PP substantially above (NP (NP (NP the $ 58 )NP (NP a share )NP )NP (SBAR (S (NP Georgia-Pacific )NP (VP is (VP offering )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP That )NP (VP indicates (SBAR (S (NP speculators )NP (VP are (VP *UNKING (SBAR (S (NP a higher offer )NP (VP is (PP in (NP the *UNK )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Prices )NP (PP of (NP other paper makers )NP )PP )NP (VP rose (ADVP sharply )ADVP , (SBAR although (S (NP Georgia-Pacific )NP (VP fell (NP (NP $ *UNKN )NP (NP a share )NP )NP , (PP to (NP $ *UNKN )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP Despite (NP (NP all the *UNK )NP (PP over (NP program trading )NP )PP )NP )PP , (NP program trading )NP (VP played (NP a big role )NP (PP in (NP (NP yesterday 's )NP rally )NP )PP )VP . )S  STOP
(S (NP Some traders )NP (VP point (PRT out )PRT (SBAR that (S (SBAR as (S (NP the big brokerage firms )NP (VP back (PP out (PP of (NP program trading )NP )PP )PP (PP (PP for (NP their own accounts )NP )PP or (PP for (NP clients )NP )PP )PP )VP )S )SBAR , (NP opportunities )NP (VP increase (SBAR for (S (NP others )NP (VP to (VP engage (PP in (NP the controversial practice )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP 's (SBAR (WHNP what )WHNP (S (VP happened (NP yesterday )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The rally )NP (ADVP *UNKING )ADVP )S , (NP there )NP (VP are (NP (NP plenty )NP (PP of (NP (NP worries )NP (PP about (NP (NP the short-term course )NP (PP of (NP stock prices )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP A slowing economy )NP and (NP (NP its effect )NP (PP on (NP corporate earnings )NP )PP )NP )NP (VP is (NP (NP the *UNK concern )NP (PP of (NP many traders and analysts )NP )PP )NP )VP . )S  STOP
(S (SBAR Unless (S (NP the Federal Reserve )NP (VP *UNK (NP interest rates )NP (ADVP soon )ADVP (S (VP to (VP *UNK (NP the economy )NP )VP )VP )S )VP )S )SBAR , (NP profits )NP (VP could (VP remain (ADJP disappointing )ADJP )VP )VP . )S  STOP
(S (NP (NP (NP Yesterday 's )NP major economic news )NP (PRN -- (NP (NP a (ADJP 0.2 % )ADJP rise )NP (PP in (NP (NP the September index )NP (PP of (NP leading economic indicators )NP )PP )NP )PP )NP -- )PRN )NP (VP had (NP (NP little impact )NP (PP on (NP financial markets )NP )PP )NP )VP . )S  STOP
(S But (NP (NP (NP the next important piece )NP (PP of (NP (NP news )NP (PP on (NP (NP the economy 's )NP health )NP )PP )NP )PP )NP (PRN -- (NP (NP (NP this morning 's )NP release )NP (PP of (NP (NP (NP the national purchasing manager 's )NP survey )NP (PP for (NP October )NP )PP )NP )PP )NP -- )PRN )NP (VP could (VP prompt (NP investors )NP (PP into (NP action )NP )PP )VP )VP . )S  STOP
(S (NP (NP A report )NP (NP late yesterday )NP (SBAR that (S (NP the *UNKC purchasing managers survey )NP (VP showed (NP (NP increased economic activity )NP (PP in (NP (NP that part )NP (PP of (NP the country )NP )PP )NP )PP )NP )VP )S )SBAR )NP (VP cut (PP into (NP *UNK- gains )NP )PP )VP . )S  STOP
(S (SBAR If (S (NP the national survey )NP (VP *UNK (NP (NP a *UNK )NP (PP in (NP the manufacturing sector )NP )PP )NP )VP )S )SBAR , (NP it )NP (VP could (ADVP further )ADVP (VP *UNK (NP bond prices )NP (SBAR while (S (VP *UNKING (NP (NP stock prices )NP and (NP the dollar )NP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP bond investors )NP (VP are (VP *UNKING (PP under (NP (NP the *UNK )NP (PP of (NP a national debt ceiling debate )NP )PP )NP )PP )VP )VP . )S  STOP
(S (SBAR Although (S (NP the Treasury )NP (VP is (VP expected (S (VP to (VP announce (NP (NP details )NP (PP of (NP its November quarterly *UNKING operation )NP )PP )NP (NP today )NP )VP )VP )S )VP )VP )S )SBAR , (NP the Nov. 79 schedule )NP (VP could (VP be (VP delayed (SBAR unless (S (NP (NP Congress )NP and (NP the president )NP )NP (VP act (ADVP soon )ADVP (S (VP to (VP lift (NP (NP the nation 's )NP debt ceiling )NP )VP )VP )S )VP )S )SBAR )VP )VP )VP . )S  STOP
(PP In (NP major market activity )NP : )PP  STOP
(S (NP Stock prices )NP (VP rallied (PP in (NP active trading )NP )PP )VP . )S  STOP
(S (NP (NP Volume )NP (PP on (NP the New York Stock Exchange )NP )PP )NP (VP totaled (NP (QP *UNKN million )QP shares )NP )VP . )S  STOP
(S (NP (NP *UNKING issues )NP (PP on (NP the Big Board )NP )PP )NP (VP surged (ADVP ahead (PP of (NP *UNK )NP )PP )ADVP (NP (NP *UNKN )NP (X to )X )NP )VP )S  STOP
(S (NP Bond prices )NP (VP rose )VP . )S  STOP
(S (NP (NP The Treasury 's )NP benchmark 30-year bond )NP (VP gained (NP (NP (NP less )NP (PP than (NP (NP a quarter )NP (PP of (NP a point )NP )PP )NP )PP )NP , or (NP (NP less )NP (PP than (NP (NP $ 2.50 )NP (PP for (NP (NP each $ 1,000 )NP (PP of (NP face amount )NP )PP )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (NP (NP The yield )NP (PP on (NP the issue )NP )PP )NP (VP slipped (PP to (NP *UNKN % )NP )PP )VP . )S  STOP
(S (NP The dollar )NP (VP gained (PP against (NP most foreign currencies )NP )PP )VP . )S  STOP
(S (PP In (NP late afternoon New York trading )NP )PP , (NP the dollar )NP (VP was (PP at (NP (NP *UNKN marks )NP and (NP *UNKN yen )NP )NP )PP (PP compared (PP with (NP (NP *UNKN marks )NP and (NP *UNKN yen )NP )NP (NP late Monday )NP )PP )PP )VP . )S  STOP
(S (NP (NP *UNKC S.A. )NP , (NP (NP a diversified construction concern )NP (VP based (PP in (NP Paris )NP )PP )VP )NP , )NP (VP said (SBAR (S (NP (NP its consolidated profit )NP (PP for (NP the 1989 first half )NP )PP )NP , (PP after (NP (NP payments )NP (PP to (NP minority interests )NP )PP )NP )PP , (VP surged (PP to (NP (NP (QP *UNKN million )QP French francs )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP )PP (PP from (NP 65 million francs )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP 21 % )NP (PP to (NP (QP *UNKN billion )QP francs )NP )PP (PP from (NP (QP *UNKN billion )QP francs )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP did n't (VP specify (NP (NP reasons )NP (PP for (NP the strong earnings gain )NP )PP )NP )VP )VP . )S  STOP
(S But (NP *UNKC )NP (VP said (SBAR (S (NP its *UNK- profit )NP (VP is n't (ADJP *UNK (PP of (NP the full-year trend )NP )PP )ADJP (PP because of (NP (NP the (ADJP highly seasonal )ADJP nature )NP (PP of (NP (NP many )NP (PP of (NP (NP the company 's )NP activities )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP (NP all )NP (PP of (NP 1988 )NP )PP )NP )PP , (NP *UNKC )NP (VP had (NP (NP consolidated profit )NP (PP of (NP (QP *UNKN million )QP francs )NP )PP )NP , (PP after (NP (NP payments )NP (PP to (NP minority interests )NP )PP )NP )PP , (PP on (NP (NP revenue )NP (PP of (NP (QP 50 billion )QP francs )NP )PP )NP )PP )VP . )S  STOP
(S (NP The group )NP (VP has (VP forecast (NP (NP 1989 revenue )NP (PP of (NP (QP *UNKN billion )QP francs )NP )PP )NP )VP )VP . )S  STOP
(S (NP *UNKC Network Inc. )NP (VP said (SBAR (S (NP it )NP (VP completed (NP (NP its acquisition )NP (PP of (NP *UNKC Cos. )NP )PP )NP (PP for (NP (QP about $ *UNKN million )QP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP agreed (S (VP to (VP pay (NP (NP $ 19 )NP and (NP *UNK- *UNKC share )NP )NP (PP for (NP (NP each )NP (PP of (NP (NP *UNKC 's )NP (QP 20 million )QP fully diluted shares )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The acquisition )NP (VP brings (ADVP together )ADVP (NP (NP the two largest competitors )NP (PP to (NP (NP Home *UNKING Network Inc. )NP , (SBAR (WHNP which )WHNP (S (ADVP now )ADVP (VP reaches (NP (NP more viewers )NP (PP than (NP (NP any other company )NP (PP in (NP the video shopping industry )NP )PP )NP )PP )NP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (PP Among (NP them )NP )PP , (NP (NP Home *UNKING )NP , (NP *UNKC )NP and (NP *UNKC )NP )NP (ADVP already )ADVP (VP control (NP (NP most )NP (PP of (NP (NP that (ADJP young and *UNKING )ADJP market )NP , (SBAR (WHNP which )WHNP (S (NP last year )NP (VP had (NP (NP sales )NP (PP of (NP (QP about $ 1.4 billion )QP )NP )PP )NP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP Coast Savings Financial Inc. )NP (VP reported (NP a third-quarter loss )NP , (S (VP citing (NP a (ADJP previously announced )ADJP capital restructuring program )NP )VP )S )VP . )S  STOP
(S (NP The Los Angeles thrift holding company )NP (VP said (SBAR (S (NP it )NP (VP had (NP (NP a loss )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )NP )VP , (PP for (NP (NP the quarter )NP (VP ended (NP Sept. 30 )NP )VP )NP )PP )S )SBAR )VP . )S  STOP
(S (NP Coast )NP (VP earned (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 67 cents )NP (NP a share )NP )NP )NP , (PP in (NP the year-ago quarter )NP )PP )VP . )S  STOP
(S (NP The year-ago results )NP (VP have (VP been (VP restated (S (VP to (VP comply (PP with (NP government regulations )NP )PP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP The restructuring program )NP (VP is (VP designed (S (VP to (VP increase (NP (NP the company 's )NP *UNK capital ratio )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP It )NP (VP includes (S (VP (VP removing (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP good will )NP )PP )NP (PP from (NP the books )NP )PP )VP , (VP issuing (NP (NP (QP $ 150 million )QP )NP (PP in (NP preferred stock )NP )PP )NP )VP and (VP *UNKING (NP (NP an exchange offer )NP (PP for (NP (NP (QP $ 52 million )QP )NP (PP in (NP convertible bonds )NP )PP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (PP During (NP the third quarter )NP )PP , (NP the company )NP (VP (VP charged (NP (QP about $ 46 million )QP )NP (PP against (NP earnings )NP )PP (PP in (S (VP reducing (NP *UNK )NP )VP )S )PP )VP , (VP added (NP (QP $ 20 million )QP )NP (PP to (NP its general loan loss reserves )NP )PP )VP and (VP established (NP a (ADJP (QP $ 30 million )QP )ADJP reserve )NP (PP for (NP its high-yield bond portfolio )NP )PP )VP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP its junk-bond portfolio )NP (PP after (NP these moves )NP )PP (VP had (VP been (VP reduced (PP to (NP (NP (QP less than 1 )QP % )NP (PP of (NP assets )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Philip Morris Cos. )NP (VP is (VP launching (NP (NP a massive corporate advertising campaign )NP (SBAR (WHNP that )WHNP (S (VP will (VP put (NP (NP the tobacco giant 's )NP name )NP (PP in (NP TV commercials )NP )PP (PP for (NP (NP the first time )NP (PP since (NP (NP the early *UNK )NP , (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP stopped (S (VP advertising (NP its *UNK cigarette brand )NP (PP on (NP television )NP )PP )VP )S )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (S (NP (NP The campaign )NP , (NP (NP a *UNK *UNK )NP (PP of (NP (NP the *UNK *UNK )NP (PP of (NP (NP the Bill )NP (PP of (NP Rights )NP )PP )NP )PP )NP )PP )NP , )NP (VP does n't (VP mention (NP cigarettes or smoking )NP )VP )VP )S ; (S (NP cigarette ads )NP (VP have (VP been (VP *UNKED (PP on (NP television )NP )PP (PP since (NP 1971 )NP )PP )VP )VP )VP )S . )S  STOP
(S But (SBAR even before (S (NP it )NP (VP begins )VP )S )SBAR , (NP the campaign )NP (VP is (VP drawing (NP fire )NP (PP from (NP (NP *UNKING advocates )NP , (SBAR (WHNP who )WHNP (S (VP *UNK (NP (NP Philip Morris 's )NP attempt (S (VP to (VP bolster (NP its *UNKED image )NP (PP by (S (VP *UNKING (NP itself )NP (PP in (NP (NP the *UNK )NP (SBAR (WHNP that )WHNP (S (VP is (NP (NP a *UNK )NP (PP of (NP American democracy )NP )PP )NP )VP )S )SBAR )NP )PP )VP )S )PP )VP )VP )S )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP Philip Morris )NP , (SBAR (WHNP which )WHNP (S (VP became (NP (NP the U.S. 's )NP largest food company )NP (NP last year )NP (PP with (NP (NP its (ADJP (QP $ *UNKN billion )QP )ADJP acquisition )NP (PP of (NP Kraft Inc. )NP )PP )NP )PP )VP )S )SBAR , )NP (VP seems (ADJP determined (S (VP to (VP *UNK (PP beyond (NP (NP its *UNK )NP (PP in (NP *UNKC country )NP )PP )NP )PP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP (NP The company 's )NP research )NP (VP suggests (SBAR that (S (NP (NP its name recognition )NP (PP among (NP most consumers )NP )PP )NP (VP remains (ADJP unusually low )ADJP , (SBAR although (S (NP (NP its array )NP (PP of (NP (NP brands )NP (PRN -- (PP including (NP (NP Maxwell House coffee )NP , (NP *UNKC )NP , (NP *UNKC *UNKC )NP , and (NP Miller beer )NP )NP )PP -- )PRN )NP )PP )NP (VP *UNK (NP *UNK *UNK )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP is (VP expected (S (VP to (VP spend (NP (NP (QP about $ 30 million )QP )NP (NP a year )NP )NP (PP on (NP (NP its (ADJP two-year corporate )ADJP campaign )NP , (VP created (PP by (NP (NP (NP WPP Group 's )NP Ogilvy & Mather unit )NP (PP in (NP New York )NP )PP )NP )PP )VP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP The initial spots )NP (VP will (VP appear (PP during (NP morning and prime-time news shows )NP )PP )VP )VP . )S  STOP
(S (NP Philip Morris )NP (VP hopes (SBAR that (S (PP by (S (VP taking (NP (NP its Bill )NP (PP of (NP Rights theme )NP )PP )NP (PP to (NP (NP the *UNK )NP , (CONJP in addition to )CONJP (NP publications )NP )NP )PP )VP , )S )PP (NP it )NP (VP will (VP reach (NP the (ADJP *UNK possible )ADJP audience )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Until (ADVP now )ADVP )PP , (NP (NP its corporate ads )NP , (VP (ADVP mainly )ADVP promoting (NP (NP its *UNK )NP (PP of (NP the *UNK )NP )PP )NP )VP , )NP (VP have (VP appeared (ADVP almost *UNKLY )ADVP (PP in (NP newspapers and magazines )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP Most people )NP (PRN -- (SBAR whether (FRAG (PP in (NP *UNKC , Tucson or *UNKC )NP )PP )FRAG )SBAR -- )PRN (VP have n't (VP got (X (NP a *UNK )NP (SBAR (WHNP who )WHNP (S (NP we )NP (VP are )VP )S )SBAR )X )VP )VP )S , '' (VP says )VP (NP (NP *UNKC L. Smith )NP , (NP (NP (NP Philip Morris 's )NP vice president )NP (PP of (NP corporate affairs )NP )PP )NP )NP . )SINV  STOP
(S `` (SBAR If (S (NP they )NP (VP think (ADVP well )ADVP (PP of (NP the company )NP )PP (PP through (NP (NP our support )NP (PP of (NP (NP the Bill )NP (PP of (NP Rights )NP )PP )NP )PP )NP )PP )VP )S )SBAR , (NP (NP it )NP )NP (VP follows (SBAR (S (NP they )NP (VP 'll (VP think (ADVP well )ADVP (PP of (NP our products )NP )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Mr. Smith )NP (VP says (SBAR (S (NP (NP (NAC (NAC the Bill )NAC (PP of (NP Rights )NP )PP )NAC commercial )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP (NP the *UNK )NP (PP of (NP (NP *UNK )NP and (NP (NP freedom )NP (PP of (NP *UNK )NP )PP )NP )NP )PP )NP )VP )S )SBAR , )NP (VP is n't (VP designed (S (VP to (VP have (NP any special appeal )NP (PP for (NP *UNK )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (S (SBAR Although (S (NP Philip Morris )NP (ADVP typically )ADVP (VP tries (S (VP to (VP defend (NP (NP the rights )NP (PP of (NP *UNK )NP )PP )NP (PP with (NP *UNK- arguments )NP )PP )VP )VP )S )VP )S )SBAR , `` (S (NP this )NP (VP has (NP (NP nothing )NP (SBAR (S (VP to (VP do (PP with (NP cigarettes )NP )PP )VP )VP )S )SBAR )NP )VP )S , nor (SINV will (NP it )NP (ADVP ever )ADVP )SINV )S , '' (NP the spokesman )NP (VP says )VP . )S  STOP
(S But (NP some *UNKING activists )NP (VP disagree , (S (VP *UNKING (NP (NP *UNK )NP (PP at (SBAR (WHNP what )WHNP (S (NP they )NP (VP see (PP as (NP (NP the company 's )NP attempt (S (VP to (VP purchase (NP *UNK )NP (PP by (NP association )NP )PP )VP )VP )S )NP )PP )VP )S )SBAR )PP )NP )VP )S )VP . )S  STOP
(SINV `` (S (S (NP I )NP (VP 'm (ADJP *UNKED )ADJP (SBAR because (S (NP this company )NP (VP is (VP *UNKING (NP itself )NP (PP at (NP (NP the heart )NP (PP of (NP (NP American culture )NP and (NP political freedom )NP )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S and (S (PP in (NP fact )NP )PP (NP it )NP (VP 's (NP a *UNK )NP )VP )S )S , '' (VP says )VP (NP (NP Michael *UNKC )NP , (NP (NP (NP former chairman )NP (PP of (NP the Federal Trade Commission )NP )PP )NP and (NP a *UNK- critic )NP )NP )NP . )SINV  STOP
(S `` (NP It )NP (VP should (VP be (VP *UNKED (PP like (NP (NP the *UNKC (PRN -LCB- drug -RCB- )PRN *UNK )NP , not (NP the *UNKING *UNKC )NP )NP )PP )VP )VP )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP adds (SBAR that (S (NP the new commercial )NP (VP *UNK (ADVP perfectly )ADVP (PP with (NP (NP major aspects )NP (PP of (NP (NP Philip Morris 's )NP political strategy )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP These )NP (VP include (S (VP (VP trying (S (VP to (VP protect (NP its *UNK advertising )NP (PP by (S (VP *UNKING (NP the First *UNKC )NP )VP )S )PP )VP )VP )S )VP , and (VP *UNKING (NP blacks )NP (PP by (S (VP *UNKING (NP itself )NP (PP as (NP (NP a *UNK )NP (PP of (NP civil rights )NP )PP )NP )PP )VP )S )PP )VP )VP )S )VP . )S  STOP
(PRN -LRB- (S (NP The commercial )NP (VP features (PRN , (PP among (NP others )NP )PP , )PRN (NP (NP the voice )NP (PP of (NP (NP Martin *UNKC King Jr. )NP , (NP the *UNK civil rights leader )NP )NP )PP )NP )VP )S . -RRB- )PRN  STOP
(S (S (NP Many marketers )NP (VP say (SBAR (S (NP (NP Philip Morris 's )NP approach )NP (VP will (VP be (ADJP effective )ADJP )VP )VP )S )SBAR )VP )S , but (S (NP they )NP (VP agree (SBAR that (S (NP (NP the ads ' )NP *UNKED smoking message )NP (VP is (ADJP *UNK )ADJP )VP )S )SBAR )VP )S . )S  STOP
(SINV `` (S (NP This )NP (VP is (NP (NP *UNK , *UNK advertising )NP (SBAR (WHNP that )WHNP (S (ADVP really )ADVP (VP says , ` (S (NP *UNKC )NP (VP have (NP rights )NP , (ADVP too )ADVP )VP , )S ' )VP )S )SBAR )NP )VP )S '' (VP says )VP (NP (NP *UNK *UNKC )NP , (NP (NP chairman )NP (PP of (NP (NP *UNKC & *UNKC Inc. )NP , (NP a (NAC Greenwich , Conn. , )NAC marketing strategy firm )NP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP This )NP (VP is (VP designed (S (VP to (VP (VP get (S (NP the *UNK )NP (PP in (NP a *UNK )NP )PP )S )VP and (VP defend (NP the smoking franchise )NP )VP )VP )VP )S )VP )VP . '' )S  STOP
(S (NP (NP Richard *UNKC )NP , (NP (NP a partner )NP (PP at (NP Boston *UNKING Group )NP )PP )NP , )NP (VP adds : `` (S (NP (NP It )NP )NP (VP 's (ADJP very popular )ADJP (S (VP to (VP *UNK (NP *UNK )NP (PP in (NP the flag )NP )PP )VP )VP )S (NP these days )NP )VP )S )VP . )S  STOP
(S (SBAR If (S (S (NP you )NP (VP can (VP do (NP that )NP )VP )VP )S and (S (PP at (NP the same time )NP )PP (VP send (NP (NP a message )NP (SBAR (WHNP that )WHNP (S (VP supports (NP your business )NP )VP )S )SBAR )NP )VP )S )S )SBAR , (NP that )NP (VP 's (ADJP *UNK )ADJP )VP . '' )S  STOP
(S (NP (NP RJR Nabisco Inc. )NP and (NP American Brands Inc. )NP )NP (VP say (SBAR (S (NP they )NP (VP have (NP no plans (S (VP to (VP follow (NP (NP Philip Morris 's )NP lead )NP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S -LRB- (ADVP Indeed )ADVP , (NP RJR Nabisco )NP (VP is (ADVP currently )ADVP (PP under (NP fire )NP )PP (PP for (S (VP having (VP sent (NP (NP *UNK- *UNK )NP (VP *UNKING (NP its Now brand )NP )VP )NP (PP to (NP (NP consumers )NP (SBAR (WHNP who )WHNP (S (VP smoke (NP (NP American Brands ' )NP *UNKC )NP )VP )S )SBAR )NP )PP )VP )VP )S )PP )VP . -RRB- )S  STOP
(S (PP Despite (NP the criticism )NP )PP , (NP (NP Philip Morris 's )NP corporate campaign )NP (VP runs (NP (NP little risk )NP (PP of (S (VP getting (VP *UNKED (PP off (NP the *UNK )NP )PP )VP )VP )S )PP )NP )VP . )S  STOP
(SINV `` (S (NP They )NP (VP are n't (VP showing (S (NP James *UNKC )NP (VP (VP taking (NP a *UNK )NP )VP or (VP *UNKING (PRT up )PRT )VP )VP )S )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a professor )NP (PP of (NP constitutional law )NP )PP (PP at (NP Harvard University )NP )PP )NP )NP . )SINV  STOP
(S `` (NP (NP All )NP (SBAR (S (NP they )NP (VP are (VP trying (S (VP to (VP do )VP )VP )S )VP )VP )S )SBAR )NP (VP is (VP borrow (NP (NP some )NP (PP of (NP (NP the *UNK )NP (PP of (NP (NP the Bill )NP (PP of (NP Rights )NP )PP (NP itself )NP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP Technology stocks )NP (VP *UNK (PRT up )PRT , (S (VP helping (S (NP the over-the-counter market )NP (VP rise (PP from (NP its recent *UNK )NP )PP )VP )S )VP )S )VP . )S  STOP
(S (NP The Nasdaq Composite Index )NP (VP surged (NP (NP *UNKN )NP , or (NP (QP about *UNKN )QP % )NP , )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP It )NP (VP was (NP (NP the market 's )NP biggest gain )NP (PP since (S (VP rising (NP (QP more than 7 )QP points )NP (PP on (NP Oct. 19 )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP *UNKING OTC stocks )NP (VP *UNKED (NP *UNK )NP (PP by (NP (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )NP )PP )VP . )S  STOP
(S But (NP the move )NP (VP lagged (NP (NP a stronger rise )NP (PP in (NP New York Stock Exchange issues )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP The Big Board 's )NP composite index )NP (VP was (ADVP up (NP (QP more than 1.4 )QP % )NP )ADVP )VP )S , and (S (NP the Dow Jones Industrial Average )NP (VP jumped (NP 1.6 % )NP )VP )S . )S  STOP
(S (NP (NP Nasdaq 's )NP gain )NP (VP was (VP led (PP by (NP its biggest industrial stocks )NP )PP )VP )VP . )S  STOP
(S (NP The Nasdaq 100 )NP (VP rose (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP (NP The Financial Index )NP (PP of (NP 100 biggest banks and insurance issues )NP )PP )NP (VP added (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP Other strong sectors )NP (VP were (VP indicated (PP in (NP (NP gains )NP (PP of (NP (NP (NP the Transportation Index )NP , (ADVP up (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )ADVP , )NP and (NP (NP the *UNKC Index )NP , (ADVP up (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )ADVP )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP National Market System volume )NP (VP improved (PP to (NP *UNKN shares )NP )PP (PP from (NP (NP *UNKN million )NP (NP Monday )NP )NP )PP )VP . )S  STOP
(S (NP (NP Many )NP (PP of (NP (NP Nasdaq 's )NP biggest technology stocks )NP )PP )NP (VP were (PP in (NP (NP the *UNK )NP (PP of (NP the rally )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP Microsoft )NP (VP added (NP 2 1\/8 )NP (PP to (NP 81 3\/4 )NP )PP )VP )S and (S (NP *UNKC Systems )NP (VP rose (NP 1 1\/2 )NP (PP to (NP 23 1\/4 )NP )PP )VP )S . )S  STOP
(S (NP Intel )NP (VP was (ADVP up (NP 1 3\/8 )NP (PP to (NP 33 3\/4 )NP )PP )ADVP )VP . )S  STOP
(S But (NP (NP traders )NP (SBAR (WHNP who )WHNP (S (VP watch (NP the stocks )NP )VP )S )SBAR )NP (VP warned (SBAR (S (NP the rise )NP (VP may (VP be (NP yet another `` *UNK- phenomenon )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (S (NP Technology stocks )NP (VP *UNK (NP (NP the *UNK )NP (PP of (NP (NP the OTC market 's )NP recent sell-off )NP )PP )NP )VP )S , and (S (NP traders )NP (VP say (SBAR (S (NP (NP it )NP )NP (VP 's (ADJP natural )ADJP (SBAR that (S (NP they )NP (VP rebound (ADVP sharply )ADVP (SBAR now that (S (NP the market )NP (VP has (VP turned (PRT around )PRT )VP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )VP )S . )S  STOP
(S But (PRN , (S (NP they )NP (VP caution )VP )S , )PRN (NP conservative investors )NP (VP would (VP do (ADVP well )ADVP (S (VP to (VP sell (PP into (NP the strength )NP )PP )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP They )NP (VP are (ADVP always )ADVP (NP (NP the first )NP (SBAR (S (VP to (VP be (VP sold )VP )VP )VP )S )SBAR )NP (SBAR (WHADVP when )WHADVP (S (NP people )NP (VP are (VP taking (NP profits )NP )VP )VP )S )SBAR , (SBAR because (S (NP people )NP (VP are (ADJP most scared (PP of (NP the *UNK- stocks )NP )PP )ADJP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP *UNKC West )NP , (NP (NP director )NP (PP of (NP research )NP )PP (PP for (NP (NP (NP *UNKC *UNKC 's )NP *UNKC division )NP , (SBAR (WHNP which )WHNP (S (VP specializes (PP in (NP emerging growth stocks )NP )PP )VP )S )SBAR )NP )PP )NP )NP . )SINV  STOP
(S (NP The technology group )NP (VP includes (NP (NP many )NP (PP of (NP (NP the OTC market 's )NP biggest stocks )NP )PP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP the *UNKED Nasdaq Composite Index )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Analysts )NP (VP say (SBAR (S (NP (NP *UNK )NP (PP in (NP the group )NP )PP )NP (ADVP historically )ADVP (VP have (VP lifted (NP the market )NP , (SBAR while (S (NP (NP weakness )NP (PP in (NP the sector )NP )PP )NP (ADVP often )ADVP (VP sank (NP *UNKED share prices )NP (ADVP broadly )ADVP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP increasing volatility )NP (PP in (NP the sector )NP )PP )NP (VP has (VP *UNKED (NP (NP investors )NP (SBAR (WHNP who )WHNP (S (VP try (S (VP to (VP follow (NP its *UNK and swings )NP )VP )VP )S )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP The stocks )NP (VP have (VP been (VP *UNKED (ADVP repeatedly )ADVP (PP by (NP (NP inventory *UNK )NP and (NP disappointing earnings )NP )NP )PP (SBAR as (S (NP the industry )NP (VP *UNK and *UNK )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP Some )NP (ADVP even )ADVP (VP claim (SBAR (S (NP the group )NP (VP has (VP become (NP a (ADJP *UNKING , not leading , )ADJP *UNK )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The technology sector )NP (PP of (NP the Dow Jones Equity Market Index )NP )PP )NP (VP has (VP risen (NP (QP only about *UNKN )QP % )NP (NP this year )NP , (SBAR while (S (NP the Nasdaq Composite Index )NP (VP has (VP gained (NP *UNKN % )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (SBAR While (S (NP the composite index )NP (VP lost (NP (QP less than a third of )QP its *UNK- gains )NP (PP in (NP (NP the market 's )NP recent decline )NP )PP )VP )S )SBAR , (NP (NP the technology group 's )NP gains )NP (VP were (VP (ADVP more than )ADVP *UNKED )VP )VP . )S  STOP
(S (NP The OTC technology sector )NP (VP is (ADVP far (PP from (NP a *UNK unit )NP )PP )ADVP )VP . )S  STOP
(S (NP The group )NP (VP is (VP divided (ADVP primarily )ADVP (PP between (NP software , *UNK and computers )NP )PP )VP )VP . )S  STOP
(S (SBAR While (S (NP computer stocks )NP (VP have (VP taken (NP the biggest hit )NP (PP from (NP (NP the slowdown )NP (PP in (NP the industry )NP )PP )NP )PP )VP )VP )S )SBAR , (NP many software and semiconductor stocks )NP (VP have (VP continued (S (VP to (VP *UNK (NP the market )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Microsoft )NP (VP is (ADVP up (NP (QP more than 50 )QP % )NP )ADVP (NP this year )NP , (SBAR while (S (NP Intel )NP (VP is (ADVP up (NP (QP more than 40 )QP % )NP )ADVP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The technology group )NP (VP is (ADVP also )ADVP (VP split (PP between (NP (NP large companies )NP and (NP small )NP )NP )PP , (PP with (S (NP the biggest stocks )NP (VP trading (PP as (NP blue-chip issues )NP )PP (PP in (NP the institutional marketplace )NP )PP )VP )S )PP , (SBAR while (S (NP the smaller stocks )NP (VP *UNK )VP (PP on (NP their individual *UNK or *UNK )NP )PP )S )SBAR )VP )VP )S , (NP analysts )NP (VP say )VP . )S  STOP
(S (NP (NP The volatility )NP (PP of (NP smaller technology companies )NP )PP )NP (VP has (VP served (NP the group )NP (ADVP well )ADVP (ADVP overall )ADVP (PP in (NP recent stock trading )NP )PP , (PP according (PP to (NP Hambrecht & *UNKC 's technology stock indexes )NP )PP )PP )VP )VP . )S  STOP
(S (NP The brokerage firm )NP (VP tracks (NP technology stocks )NP (PP with (NP (NP its Technology Index )NP , (SBAR (WHNP which )WHNP (S (VP *UNKED (NP only *UNKN % )NP (PP in (NP (NP the first nine months )NP (PP of (NP this year )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S But (NP the firm )NP (ADVP also )ADVP (VP tracks (NP smaller technology companies )NP (PP as (NP (NP a *UNK )NP (PP of (NP the larger group )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP (NP That index )NP , (SBAR (WHNP which )WHNP (S (VP contains (NP (NP technology companies )NP (PP with (NP (NP annual revenues )NP (PP of (NP (QP $ 200 million )QP (QP or less )QP )NP )PP )NP )PP )NP )VP )S )SBAR , )NP (VP gained (NP *UNKN % )NP (PP by (NP (NP Sept. 30 )NP (NP this year )NP )NP )PP )VP )S -- (S (VP (VP (ADVP still )ADVP *UNKING (NP the S&P 500 )NP )VP , but (VP leading (NP larger technology firms )NP )VP )VP )S . )S  STOP
(S (NP Yesterday )NP , (NP bank stocks )NP (VP lagged (PP behind (NP the overall OTC market )NP )PP )VP . )S  STOP
(S (NP The Nasdaq Bank Index )NP (VP rose (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP (NP George *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP trades (NP bank stocks )NP (PP for (NP Shearson Lehman Hutton )NP )PP )VP )S )SBAR , )NP (VP said (SBAR (S (NP the stocks )NP (VP tend (S (VP to (VP fall (ADVP behind )ADVP (SBAR because (S (NP they )NP (VP are n't (VP traded (ADVP (ADVP as much )ADVP (PP as (NP many other issues )NP )PP )ADVP )VP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S But (PRN , (S (NP he )NP (VP added )VP )S , )PRN (NP *UNK- stocks )NP (PP in (ADJP general )ADJP )PP (VP are (VP stalled )VP )VP . )S  STOP
(S `` (S (NP The interest-rate *UNK )NP (VP are n't (VP *UNKING (PP with (NP (NP the rest )NP (PP of (NP the market )NP )PP )NP )PP (PP because of (NP (NP fears )NP (PP about (SBAR (WHNP what )WHNP (S (NP the -LRB- Federal Reserve -RRB- )NP (VP will (VP do )VP )VP )S )SBAR )PP )NP )PP )VP )VP )S , '' (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (NP He )NP (VP said (SBAR that (S (NP investors )NP (VP will (VP *UNK (NP (NP the October employment report )NP , (ADJP due out (NP Friday )NP )ADJP , )NP (PP for (NP (NP *UNK )NP (PP about (NP (NP (NP the direction )NP (PP of (NP the economy )NP )PP )NP and (NP (NP the immediate outlook )NP (PP for (NP interest rates )NP )PP )NP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP On (NP the other hand )NP )PP , (NP Mr. *UNKC )NP (VP noted (SBAR that (S (NP (NP the recent slide )NP (PP in (NP bank and thrift stocks )NP )PP )NP (VP was (ADVP at least )ADVP (VP halted (NP yesterday )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Shearson Lehman Hutton )NP (VP gave (NP small investors )NP (NP some welcome news )NP (PP by (S (VP announcing (SBAR that (S (NP it )NP (VP would (ADVP no longer )ADVP (VP handle (NP *UNKED program trades )NP (PP for (NP its accounts )NP )PP )VP )VP )S )SBAR )VP )S )PP )VP . )S  STOP
(S (NP Shearson )NP , (PP with (NP its *UNK- order execution system )NP )PP , (VP has (VP handled (NP (NP the bulk )NP (PP of (NP such program trades )NP )PP )NP (PP in (NP the over-the-counter market )NP )PP )VP )VP . )S  STOP
(S (NP The trading )NP (VP has (VP been (VP blamed (PP for (NP (NP much )NP (PP of (NP (NP the market 's )NP recent volatility )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP Jaguar )NP (VP topped (NP the *UNK- list )NP , (SBAR as (S (NP its American depository receipts )NP (VP climbed (NP (QP 1 3\/4 )QP )NP (PP to (NP (QP 13 5\/8 )QP )NP )PP (SBAR with (S (NP (QP more than 6.6 million )QP *UNKC )NP (VP traded )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Britain )NP (VP said (SBAR (S (NP it )NP (VP would (VP *UNK (NP (NP its `` golden share '' )NP (PP in (NP the luxury auto maker )NP )PP )NP (SBAR if (S (NP shareholders )NP (VP vote (S (VP to (VP allow (S (NP a suitor )NP (VP to (VP acquire (NP (NP (QP more than 15 )QP % )NP (PP of (NP the company )NP )PP )NP )VP )VP )S )VP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The announcement )NP (ADVP effectively )ADVP (VP *UNK (NP the British government )NP (PP as (NP (NP an *UNK )NP (PP to (NP (NP a takeover )NP (PP of (NP (NP the company )NP , (SBAR (WHNP which )WHNP (S (VP is (VP being (VP *UNKED (PP by (NP (NP General Motors )NP and (NP Ford )NP )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Gen-Probe )NP (VP was (NP another active takeover stock )NP )VP . )S  STOP
(S (NP It )NP (VP surged (NP (QP 2 3\/4 )QP )NP (PP to (NP 6 )NP )PP (PP on (NP (NP volume )NP (PP of (NP (QP more than 1.7 million )QP shares )NP )PP )NP )PP (SBAR after (S (NP the company )NP (VP agreed (S (VP to (VP be (VP acquired (PP by (NP (NP Japan 's )NP *UNKC *UNKC )NP )PP (PP for (NP (NP (QP about $ 110 million )QP )NP -- (NP (NP (QP almost double )QP the market price )NP (PP of (NP (NP Gen-Probe 's )NP stock )NP )PP )NP )NP )PP )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Corp. )NP (VP lost (NP (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )NP (PP after (S (VP filing (PP for (NP (NP protection )NP (PP from (NP its creditors )NP )PP )NP )PP (PP under (NP (NP Chapter 11 )NP (PP of (NP the federal Bankruptcy Code )NP )PP )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP MCI Communications )NP (VP added (NP (QP 1 1\/2 )QP )NP (PP to (NP (QP 43 3\/8 )QP )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP has (VP *UNKED (PRT up )PRT (NP (NP (QP over $ 40 million )QP )NP (PP in (NP contracts )NP )PP )NP (PP in (NP the past two days )NP )PP )VP )VP . )S  STOP
(S (NP Monday )NP , (NP MCI )NP (VP announced (NP (NP a (ADJP (QP $ 27 million )QP )ADJP *UNK contract )NP (PP with (NP the investment bank *UNKC )NP )PP )NP )VP . )S  STOP
(S (NP Yesterday )NP , (NP it )NP (VP received (NP a (ADJP (QP $ 15 million )QP )ADJP , three-year contract )NP (PP from (NP Drexel Burnham Lambert )NP )PP )VP . )S  STOP
(S (NP (NP Florida National Banks )NP (PP of (NP Fla. )NP )PP )NP (VP slid (NP (QP 1 1\/8 )QP )NP (PP to (NP (QP 24 3\/4 )QP )NP )PP )VP . )S  STOP
(S (NP *UNKC Monday )NP , (NP the Federal Reserve Board )NP (VP said (SBAR (S (NP it )NP (VP is (VP *UNKING (NP (NP approval )NP (PP of (NP (NP (NP First Union Corp. 's )NP proposed (ADJP (QP $ *UNKN million )QP )ADJP acquisition )NP (PP of (NP Florida National Banks )NP )PP )NP )PP )NP (PP pending (NP (NP the outcome )NP (PP of (NP (NP an examination )NP (PP into (NP (NP (NP First Union 's )NP lending practices )NP (PP in (NP *UNK- *UNK )NP )PP )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Florida National )NP (VP said (NP yesterday )NP (SBAR that (S (NP it )NP (VP remains (ADJP committed (PP to (NP the merger )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Industries )NP (VP gained (NP 3\/4 )NP (PP to (NP (QP 16 3\/4 )QP )NP )PP (SBAR after (S (NP it )NP (VP said (SBAR (S (NP it )NP (VP agreed (S (VP to (VP buy (NP (NP *UNKC & Associates )NP and (NP two affiliates )NP )NP (PP for (NP cash and stock )NP )PP )VP )VP )S )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The value )NP (PP of (NP the transaction )NP )PP )NP (VP was n't (VP disclosed )VP )VP . )S  STOP
(S (NP (NP The companies )NP (VP being (VP acquired )VP )VP )NP (VP provide (NP telecommunications services )NP (PP to (NP the telephone industry )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC Industries )NP , (SBAR (WHNP whose stock )WHNP (S (VP has (VP suffered (NP steep losses )NP (PP in (NP recent sessions )NP )PP )VP )VP )S )SBAR , )NP (VP surged (NP (QP 1 1\/2 )QP )NP (PP to (NP 49 )NP )PP )VP . )S  STOP
(S (NP The stock )NP (VP was (NP (NP one )NP (PP of (NP (NP many )NP (PP in (NP the paper products industry )NP )PP )NP )PP (SBAR (WHNP that )WHNP (S (VP rose (PP following (NP (NP (NP Georgia-Pacific 's )NP (ADJP (QP $ *UNKN billion )QP )ADJP bid )NP (PP for (NP Great Northern Nekoosa )NP )PP )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP A permanent smoking ban )NP (PP on (NP (ADJP virtually all )ADJP domestic airline routes )NP )PP )NP (VP won (NP (NP approval )NP (PP from (NP (NP the House )NP , (SBAR (WHNP which )WHNP (S (ADVP separately )ADVP (VP sent (PP to (NP President Bush )NP )PP (NP (NP a (ADJP (QP nearly $ 67 billion )QP )ADJP fiscal 1990 bill )NP (PP including (NP (NP the first construction funds )NP (PP for (NP the space station )NP )PP )NP )PP )NP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP The smoking *UNK )NP (VP remains (ADJP attached (PP to (NP (NP a (ADJP (QP $ *UNKN billion )QP )ADJP transportation bill )NP (SBAR (WHNP that )WHNP (S (VP must (ADVP still )ADVP (VP overcome (NP (NP budget *UNK )NP (PP in (NP Congress )NP )PP )NP )VP )VP )S )SBAR )NP )PP )ADJP )VP . )S  STOP
(S But (NP (NP yesterday 's )NP action )NP (VP put (PP to (NP rest )NP )PP (NP (NP any *UNKING resistance )NP (PP from (NP tobacco interests )NP )PP )NP )VP . )S  STOP
(S (S (VP *UNKED (PP with (NP *UNK defeat )NP )PP )VP )S , (NP the once dominant industry )NP (VP declined (NP (NP any recorded vote )NP (PP on (NP (NP the ban )NP , (SBAR (WHNP which )WHNP (S (VP covers (NP (NP all )NP (PP but (NP (NP a *UNK )NP (PP of (NP (NP 1 % )NP (PP of (NP (NP daily flights )NP (PP in (NP the U.S. )NP )PP )NP )PP )NP )PP )NP )PP )NP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP The sole exceptions )NP (VP are (NP (NP (NP an estimated 30 flights )NP (PP of (NP six hours (QP or more )QP )NP )PP )NP (VP beginning or ending (PP in (NP Hawaii and Alaska )NP )PP )VP )NP )VP . )S  STOP
(S (S (VP *UNKING (NP final *UNK )NP (NP this month )NP )VP )S , (NP the *UNK )NP (VP will (VP take (NP effect )NP (UCP (ADVP (NP 96 days )NP later )ADVP , or (PP in (NP early February )NP )PP )UCP )VP )VP . )S  STOP
(S (PP On (NP a *UNKN roll call )NP )PP , (NP the House )NP (VP adopted (NP the underlying transportation measure )NP )VP . )S  STOP
(S But (NP the bill )NP (ADVP still )ADVP (VP faces (NP budget questions )NP (SBAR because (S (NP it )NP (ADVP also )ADVP (VP is (NP (NP the vehicle )NP (PP for (NP (NP an estimated (QP $ 3.1 billion )QP )NP (PP in (NP (NP *UNK appropriations )NP (PP for (NP (NP law enforcement )NP and (NP *UNK- programs )NP )NP )PP )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The additional spending )NP (VP *UNK (NP the measure )NP (PP (NP (QP more than $ 2 billion )QP )NP above (NP its *UNKED budget ceiling )NP )PP )VP )S , and (S (NP the House Appropriations Committee leadership )NP (VP must (ADVP now )ADVP (VP seek (NP a *UNK )NP (PP in (NP (NP hopes )NP (PP of (S (VP *UNKING (NP action )NP (NP today )NP )VP )S )PP )NP )PP )VP )VP )S . )S  STOP
(S (S (NP (NP The separate (ADJP (QP $ 67 billion )QP )ADJP bill )NP (VP sent (PP to (NP the White House )NP )PP )VP )NP (VP had (NP budget difficulties )NP , (ADVP too )ADVP )VP )S , but (S (VP was (VP *UNKED (ADVP ultimately )ADVP (PP by (NP (NP its importance )NP (PP to (NP (NP a broad *UNK )NP (PP of (NP (NP interests )NP (PP in (NP (NP Congress )NP and (NP (NP the administration )NP (NP itself )NP )NP )NP )PP )NP )PP )NP )PP )NP )PP )VP )VP )S . )S  STOP
(S (S (NP (NP No single bill )NP (NP this year )NP )NP (VP includes (NP (NP more *UNK spending )NP (PP for (NP domestic programs )NP )PP )NP )VP )S and , (S (PP apart (PP from (NP the space station )NP )PP )PP , (NP the measure )NP (VP *UNK (NP (NP *UNKING provisions )NP (VP affecting (NP the federal mortgage market )NP )VP )NP )VP )S . )S  STOP
(S (NP (NP The current ceiling )NP (PP on (NP (NP home loans )NP (VP insured (PP by (NP the Federal Housing Administration )NP )PP )VP )NP )PP )NP (VP is (VP increased (PP to (NP $ *UNKN )NP )PP (PP during (NP fiscal 1990 )NP )PP )VP )VP . )S  STOP
(S And (PP in (NP (NP anticipation )NP (PP of (NP increased lending )NP )PP )NP )PP , (NP (NP the cap )NP (PP on (NP FHA loan guarantees )NP )PP )NP (VP would (VP rise (PP to (NP (QP approximately $ *UNKN billion )QP )NP )PP )VP )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP the bill )NP (VP gives (NP authority )NP (PP to (NP (NP the Department )NP (PP of (NP (NP Housing )NP and (NP Urban Development )NP )NP )PP )NP )PP (S (VP to (VP *UNK (NP (NP the refinancing )NP (PP of (NP (NP *UNK- loans )NP (VP *UNKED (PP by (NP the government )NP )PP (PP under (NP (NP the so-called Section *UNKN *UNK- program )NP (PP for (NP *UNK- families )NP )PP )NP )PP )VP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP This provision )NP (VP met (NP (NP (ADJP early and strong )ADJP resistance )NP (PP from (NP (NP investment bankers )NP (VP worried (PP about (NP (NP *UNK )NP (PP in (NP (NP their clients ' )NP portfolios )NP )PP )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(S But (NP (NP the promise )NP (PP of (NP (NP (QP at least $ 15 million )QP )NP (PP in (NP new savings )NP )PP )NP )PP )NP (VP helped (S (VP to (VP *UNK (NP (NP a partnership )NP (PP between (NP (NP HUD Secretary Jack Kemp )NP and (NP (NP lawmakers )NP (VP *UNKING (S (VP to (VP protect (NP (NP their projects )NP (ADVP elsewhere )ADVP )NP )VP )VP )S )VP )NP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (S (NP (NP The estimated (QP $ 1.8 billion )QP )NP (PP for (NP the space station )NP )PP )NP (VP would (VP be (NP double (NP last year 's )NP level )NP )VP )VP )S , and (S (NP (NP total appropriations )NP (PP for (NP the National *UNKC and Space Administration )NP )PP )NP (VP would (VP grow (NP 16 % )NP (PP to (NP (QP nearly $ *UNKN billion )QP )NP )PP )VP )VP )S . )S  STOP
(S (NP (NP A string )NP (PP of (NP (NP costly projects )NP , (PP including (NP (NP the *UNKED national aerospace plane )NP and (NP the advanced communications technology satellite )NP )NP )PP , )NP )PP )NP (VP would (VP continue (S (VP to (VP be (VP developed (PP within (NP these limits )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S And (SBAR while (S (VP *UNKING (NP (NP a *UNK cap )NP (PP of (NP (QP $ 1.6 billion )QP )NP )PP (PP on (NP future spending )NP )PP )NP )VP )S )SBAR , (NP the bill )NP (VP would (VP give (NP NASA )NP (NP (QP $ 30 million )QP )NP (PP for (NP (NP the start-up )NP (PP of (NP (NP the *UNKC mission )NP , (NP (NP a successor )NP (PP to (NP the *UNKC space probe )NP )PP )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP the National Science Foundation )NP (VP is (VP promised (NP a (ADJP 7.7 % )ADJP increase )NP (S (VP to (VP bring (NP its appropriations )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S And (SBAR while (S (VP pursuing (NP these *UNK )NP )VP )S )SBAR , (NP (NP Congress )NP and (NP the White House )NP )NP (VP are (VP squeezed (ADVP too )ADVP (PP by (NP (NP steady increases )NP (PRN -- (NP (QP $ *UNKN million )QP )NP -- )PRN (PP in (NP (NP veteran 's )NP medical care )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The result )NP (VP is (SBAR that (S (S (NP all sides )NP (VP resort (PP to (NP (NP *UNK )NP (PP of (NP hand )NP )PP )NP )PP (S (VP to (VP make (NP room )NP (PP for (NP competing (UCP housing and environmental )UCP programs )NP )PP )VP )VP )S )VP )S , and (S (NP the commitments )NP (ADVP now )ADVP (VP will (VP drive (NP excess spending )NP (PP into (NP fiscal 1991 )NP )PP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC members )NP (PP of (NP the House Budget Committee )NP )PP )NP (VP are (VP (VP reduced (PP in (NP *UNK )NP )PP (PP to (S (VP raising (NP *UNKED parliamentary *UNK )NP (PP to (NP individual bills )NP )PP )VP )S )PP )VP , yet (VP *UNK (SBAR that (S (NP (NP much )NP (PP of (NP the *UNK )NP )PP )NP (ADVP now )ADVP (VP stems (PP from (NP (NP the fiscal *UNK )NP (VP associated (PP with (NP (NP their own summit agreement )NP (PP with (NP the White House )NP )PP (NP this past spring )NP )NP )PP )VP )NP )PP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S `` (NP (NP It )NP )NP (VP 's (ADJP hard )ADJP (S (VP to (VP get (NP (NP (NP the administration 's )NP attention )NP (PP on (NP anything )NP )PP )NP )VP )VP )S )VP (PRN , '' (SINV (VP said )VP (NP (NP Rep. Bill *UNKC )NP (PRN -LRB- (NP R. )NP , (NP *UNKC )NP -RRB- )PRN )NP )SINV , )PRN `` (SBAR because (S (NP the whole agreement )NP (VP was (VP built (PP on (NP *UNK )NP )PP )VP )VP )S )SBAR . '' )S  STOP
(SINV (PP Among (NP (NP the subsidies )NP (VP continued (PP in (NP the transportation bill )NP )PP )VP )NP )PP (VP is )VP (NP (NP (QP $ *UNKN million )QP )NP (SBAR (S (VP to (VP maintain (NP commercial air service )NP (PP for (NP (NP an estimated 92 communities )NP , (RRC (ADVP often )ADVP (PP in (NP rural areas )NP )PP )RRC )NP )PP )VP )VP )S )SBAR )NP . )SINV  STOP
(S (NP (NP Senate Appropriations Committee Chairman Robert *UNKC )NP (PRN -LRB- (NP D. )NP , (NP *UNKC . )NP -RRB- )PRN )NP (VP (ADVP strongly )ADVP resisted (NP (NP deeper cuts )NP (VP sought (PP by (NP the House )NP )PP )VP )NP )VP . )S  STOP
(S But (PP at (NP (NP a time )NP (SBAR (WHADVP when )WHADVP (S (NP the White House )NP (VP wants (S (VP to (VP kill (NP the entire program )NP )VP )VP )S )VP )S )SBAR )NP )PP , (NP Republicans )NP (VP have (VP been (PP among (NP its leading *UNK )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP Sen. *UNKC *UNKC )NP (PRN -LRB- (NP R. )NP , (NP *UNKC )NP -RRB- )PRN , (NP (NP the *UNKING Republican )NP (PP on (NP the Senate Budget Committee )NP )PP )NP , )NP (VP used (NP his influence )NP (S (VP to (VP preserve (NP (NP (QP more than $ *UNKN )QP )NP (PP in (NP (NP subsidies )NP (PP for (NP (NP air service )NP (PP to (NP (NP *UNKC Fe )NP , (NP *UNKC )NP , )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )VP )S and (S (NP (QP more than $ 2.1 million )QP )NP (VP would (VP go (PP for (NP (NP service )NP (PP to (NP (NP eight communities )NP (PP in (NP (NP the western *UNKC district )NP (PP of (NP (NP GOP Rep. Virginia Smith )NP (PP on (NP the House Appropriations Committee )NP )PP )NP )PP )NP )PP )NP )PP )NP )PP )VP )VP )S . )S  STOP
(S (NP (NP *UNK Express )NP , (NP (NP an independent airline )NP (VP serving (NP (NP much )NP (PP of (NP *UNKC )NP )PP )NP )VP )NP , )NP (VP estimates (SBAR that (S (NP (NP (QP nearly 40 )QP % )NP (PP of (NP its revenues )NP )PP )NP (VP come (PP from (NP (NP the subsidies )NP (SBAR (WHNP that )WHNP (S , (PP in (NP some cases )NP )PP , (VP exceed (NP (NP the cost )NP (PP of (NP a ticket )NP )PP )NP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP example )NP )PP , (NP a passenger )NP (VP can (VP fly (PP from (NP (NP *UNKC )NP , (NP *UNKC )NP , )NP )PP (PP to (NP Denver )NP )PP (PP for (NP (QP as little as $ 89 to $ *UNKN )QP )NP )PP , (PP according (PP to (NP (NP prices )NP (VP quoted (PP by (NP the company )NP )PP )VP )NP )PP )PP )VP )VP . )S  STOP
(S But (PP given (NP (NP the few number )NP (PP of (NP users )NP )PP )NP )PP , (NP (NP the cost )NP (PP to (NP the federal government )NP )PP (PP per (NP passenger )NP )PP )NP (VP is (VP estimated (PP at (NP $ *UNKN )NP )PP , (PP according (PP to (NP House and Senate appropriations committees )NP )PP )PP )VP )VP . )S  STOP
(S (NP The House action )NP (NP yesterday )NP (VP came (SBAR as (S (NP the Senate )NP (VP remained (ADJP *UNKED (PP in (NP (NP difficulties )NP (PP over (NP (NP a (ADJP (QP $ *UNKN billion )QP )ADJP measure )NP (VP covering (NP (NP the budgets )NP (PP for (NP the State , Commerce , and Justice departments )NP )PP (PP in (NP fiscal 1990 )NP )PP )NP )VP )NP )PP )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The compromise bill )NP (VP passed (NP the House )NP (NP last week )NP )VP )S but (S (VP has (ADVP now )ADVP (VP *UNKED (NP *UNK *UNK )NP (PP with (NP (NP the Senate Foreign *UNKC Committee )NP , (SBAR (WHNP which )WHNP (S (VP (ADVP *UNKLY )ADVP *UNK (NP (NP its *UNK )NP (PP over (NP (NP operations )NP (PP at (NP the State Department )NP )PP )NP )PP )NP )VP )S )SBAR )NP )PP )VP )VP )S . )S  STOP
(S (NP The same *UNK )NP (VP can (VP *UNKED (NP confusion )NP , (ADVP however )ADVP , (PP in (NP (NP the absence )NP (PP of (NP (NP any *UNK bill )NP (NP this year )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP House and Senate *UNK )NP (VP sought (S (VP to (VP establish (NP (NP a Nov. 30 deadline )NP (SBAR (WHPP after (WHNP which )WHNP )WHPP (S (NP their bill )NP (VP would (VP become (NP (NP the last word )NP (PP on (SBAR (WHADVP how )WHADVP (S (NP funds )NP (VP are (VP distributed )VP )VP )S )SBAR )PP )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S But (PP on (NP a *UNKN roll call )NP )PP (NP this provision )NP (VP was (VP *UNKED (PP from (NP the bill )NP )PP (NP last night )NP (SBAR after (S (NP (NP Foreign *UNKC Chairman *UNKC *UNKC )NP (PRN -LRB- (NP D. )NP , (NP *UNKC . )NP -RRB- )PRN )NP (VP complained (SBAR that (S (NP it )NP (VP was (NP (NP an *UNK )NP (PP on (NP (NP exclusive powers )NP (VP *UNKED (PP in (NP his panel )NP )PP (PP for (NP (QP more than three )QP decades )NP )PP )VP )NP )PP )NP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (NP *UNKC Energy Inc. )NP (VP said (SBAR (S (NP it )NP (VP arranged (NP a (ADJP (QP $ 50 million )QP )ADJP credit facility )NP (PP with (NP (NP *UNKC Texas National Bank )NP , (NP (NP a unit )NP (PP of (NP (NP *UNKC Corp. )NP , (PP of (NP (NP *UNKC )NP , (NP *UNKC )NP )NP )PP )NP )PP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The Dallas oil and gas concern )NP (VP said (SBAR that (S (NP (NP (QP $ 10 million )QP )NP (PP of (NP the facility )NP )PP )NP (VP would (VP be (VP used (S (VP (VP to (VP *UNK (NP (NP (NP the company 's )NP (QP $ *UNKN million )QP )NP (PP of (NP existing bank debt )NP )PP )NP )VP )VP , (VP to (VP repurchase (NP (NP (QP 4 million )QP )NP (PP of (NP (NP its (QP 4.9 million )QP shares )NP (ADJP outstanding )ADJP (PP of (NP Series *UNK convertible preferred stock )NP )PP )NP )PP )NP )VP )VP , and (VP to (VP purchase (NP (NP a (ADJP 10 % )ADJP *UNK- interest )NP (PP in (NP certain oil and gas properties )NP )PP )NP (PP from (NP (NP (NP one )NP (PP of (NP its existing lenders )NP )PP )NP , (NP National Canada Corp )NP )NP )PP )VP )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The remaining (QP $ 40 million )QP )NP (VP can (VP be (VP used (PP over (NP three years )NP )PP (PP for (NP oil and gas acquisitions )NP )PP )VP )VP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP (NP Ted *UNKC )NP , (NP (NP *UNKC 's )NP president )NP , )NP (VP said (SBAR (S (NP the loan )NP (VP carries (NP (NP an interest rate )NP (PP of (NP (NP prime )NP plus (NP one percentage point )NP )NP )PP )NP , (SBAR with (S (NP (NP 85 % )NP (PP of (NP (NP (NP the company 's )NP net oil and gas revenue )NP (NP each month )NP )NP )PP )NP (VP *UNKED (PP to (NP *UNK )NP )PP )VP )S )SBAR )VP )S )SBAR . )VP )S  STOP
(S (S (NP The company )NP (VP put (PRT up )PRT (NP (NP `` virtually all '' )NP (PP of (NP its oil and gas properties )NP )PP )NP (PP as (NP collateral )NP )PP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (NP General Dynamics Corp. )NP (VP was (VP given (NP (NP an (ADJP $ *UNKN million )ADJP Air Force contract )NP (PP for (NP (NP *UNKC aircraft )NP and (NP related equipment )NP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Loral Corp. 's )NP defense systems division )NP (VP received (NP (NP a (ADJP $ *UNKN million )ADJP Air Force contract )NP (PP for (NP a *UNKC weapons system *UNK )NP )PP )NP )VP . )S  STOP
(S (NP Southern Air *UNKC Inc. )NP (VP won (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP (NP Air Force and Navy contracts )NP (PP for (NP transportation services )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP International Business Machines Corp. )NP (VP was (VP given (NP (NP a (ADJP $ *UNKN million )ADJP Air Force contract )NP (PP for (NP satellite data systems equipment )NP )PP )NP )VP )VP . )S  STOP
(S (NP *UNKED Technologies )NP (VP received (NP (NP a (ADJP $ *UNKN million )ADJP Defense Advanced Research *UNKC Agency contract )NP (PP for (NP advanced *UNK systems research )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC International Inc. )NP (VP got (NP (NP a (ADJP $ *UNKN million )ADJP Defense *UNKC Agency contract )NP (PP for (NP combat *UNK *UNK )NP )PP )NP )VP . )S  STOP
(S (NP Santa Fe Pacific )NP (VP was (NP (NP the kind )NP (PP of (NP story )NP )PP (SBAR (S (NP Wall Street )NP (VP *UNKED )VP )S )SBAR )NP )VP . )S  STOP
(S (SBAR Since (S (NP (NP the value )NP (PP of (NP its assets )NP )PP )NP (VP was n't (VP known )VP )VP )S )SBAR , (NP analysts )NP (VP were (ADJP free (S (VP to (VP pick (NP a number )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (PP In (NP (NP one )NP (PP of (NP many *UNK *UNK )NP )PP )NP )PP , (NP (NP Bear Stearns 's )NP Gary *UNKC )NP (VP wrote (PP in (NP March )NP )PP (SBAR that (S (NP (NP its real estate )NP (ADJP alone )ADJP )NP (VP had (NP (NP a value )NP (PP of (NP (QP $ 4.5 billion )QP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (VP *UNKC (PRT in )PRT (NP its railroad , *UNK , pipeline and oil assets )NP )VP )S (PRN , (S (NP he and others )NP (VP argued )VP )S , )PRN and (S (NP the Chicago-based conglomerate )NP (VP should (VP be (PP worth (NP (NP 30 )NP (NP a share )NP )NP )PP )VP )VP )S . )S  STOP
(SBARQ And (WHADVP why )WHADVP (SQ should (NP holders )NP (VP expect (S (VP to (VP realize (NP that *UNKED `` worth )NP )VP )VP )S )VP )SQ ? '' )SBARQ  STOP
(S (NP That )NP (VP was (NP (NP another reason )NP (SBAR (S (NP the Street )NP (VP *UNKED (NP Santa Fe )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP With (S (NP (NP real estate experts *UNKC & York )NP and (NP (NP Samuel *UNKC 's )NP *UNKC )NP )NP (VP owning (NP (NP (QP close to 40 )QP % )NP (PP of (NP (NP Santa Fe 's )NP stock )NP )PP )NP )VP )S )PP , (NP management )NP (VP was (PP under (NP pressure (PRN -- (PP in (NP (NP a favored *UNK )NP (PP of (NP Wall Street )NP )PP )NP )PP -- )PRN (S (VP to (ADVP quickly )ADVP `` (VP *UNK (NP values )NP )VP )VP )S )NP )PP )VP . '' )S  STOP
(S But (NP value )NP (PRN , (S (NP it )NP (VP turns (PRT out )PRT )VP )S , )PRN (VP is (ADVP only )ADVP (SBAR (WHNP what )WHNP (S (NP a buyer )NP (VP will (VP pay )VP )VP )S )SBAR )VP . )S  STOP
(S And (PP with (NP (NP the company 's )NP recent announcement (SBAR that (S (NP it )NP (VP is (VP *UNKING (NP (NP a partial sale )NP (PP of (NP its real estate )NP )PP )NP )VP )VP )S )SBAR )NP )PP , (NP the values )NP (ADVP suddenly )ADVP (VP look (ADJP *UNK )ADJP )VP . )S  STOP
(S (NP Santa Fe )NP (VP has (VP disclosed (SBAR that (S (NP it )NP (VP is (VP negotiating (S (VP to (VP sell (NP (NP a (ADJP 20 % )ADJP interest )NP (PP in (NP its real estate unit )NP )PP )NP (PP to (NP the California Public *UNKC *UNKC System )NP )PP (PP for (NP (QP roughly $ 400 million )QP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (SBAR Since (S (NP the real estate unit )NP (ADVP also )ADVP (VP includes (NP debt )NP )VP )S )SBAR , (NP (NP the *UNKED value )NP (PP of (NP (NP the real estate )NP (NP itself )NP )NP )PP )NP (VP is (NP (QP close to $ 3 billion )QP )NP )VP . )S  STOP
(S `` (S (NP (NP The *UNKED current net asset value )NP (PP of (NP (NP *UNKN )NP (PRN -LCB- (PP per (NP share )NP )PP -RCB- )PRN )NP )PP )NP (VP is (PP (ADVP well )ADVP below (NP (NP the 30 level )NP (SBAR (WHNP that )WHNP (S (NP the Street )NP (VP believed )VP )S )SBAR )NP )PP )VP )S , '' (NP PaineWebber )NP (VP says )VP . )S  STOP
(S `` (NP The *UNK )NP (VP was (PP in (NP (NP the *UNK real estate )NP ... (SBAR (WHNP which )WHNP (S (VP is (ADVP no longer )ADVP (NP an *UNK )NP )VP )S )SBAR )NP )PP )VP . '' )S  STOP
(SBARQ So (WHNP what )WHNP (SQ is (NP Santa Fe )NP (ADJP worth )ADJP )SQ ? )SBARQ  STOP
(S (SBAR If (S (NP the railroad )NP (VP is (VP valued (PP on (NP a private market basis )NP )PP (PRN -- (PP at (NP (NP the same multiple )NP (PP of (NP earnings )NP )PP (PP as (PP in (NP (NP the recent sale )NP (PP of (NP *UNKC )NP )PP )NP )PP )PP )NP )PP -- )PRN )VP )VP )S )SBAR (NP it )NP (VP would (VP have (NP (NP a value )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP A compromise )NP (PP between (NP *UNK and bears )NP )PP )NP (VP puts (NP remaining assets and cash )NP (PRN -- (PP including (NP (NP its (ADJP 44 % )ADJP stake )NP (PP in (NP its (ADJP publicly traded )ADJP pipeline )NP )PP )NP )PP -- )PRN (PP at (NP $ 2 billion )NP )PP )VP . )S  STOP
(S (NP Santa Fe )NP (ADVP also )ADVP (VP has (NP (NP $ 3.7 billion )NP (PP in (NP debt )NP )PP )NP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP its railroad )NP (VP lost (NP (NP a (ADJP $ 750 million )ADJP antitrust suit )NP , (SBAR (SBAR (WHNP which )WHNP (S (VP is (PP on (NP appeal )NP )PP )VP )S )SBAR , and (SBAR (WHNP which )WHNP (S (NP analysts )NP (VP say (SBAR (S (VP could (VP be (VP settled (PP for (NP one-third that amount )NP )PP )VP )VP )VP )S )SBAR )VP )S )SBAR )SBAR )NP )VP . )S  STOP
(S (NP That )NP (VP *UNK (PRT out )PRT (PP to (NP (NP (QP about $ 17 )QP )NP (NP a share )NP )NP )PP (PP for (NP the company )NP )PP (PP on (NP a private market basis )NP )PP )VP . )S  STOP
(S But (NP (NP Santa Fe )NP , (VP (ADVP currently )ADVP trading (PP at (NP 18 7\/8 )NP )PP )VP , )NP (VP is (ADJP n't likely (S (VP to (VP realize (NP private market values )NP (PP by (S (VP selling (NP assets )NP )VP )S )PP )VP )VP )S )ADJP , (SBAR because (S (NP (NP the tax )NP (PP against (NP it )NP )PP )NP (VP would (VP be (ADJP *UNK )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Its plan )NP , (ADVP instead )ADVP , (VP is (S (VP (VP to (VP spin (PRT off )PRT (NP (NP the remainder )NP (PP of (NP its real estate unit )NP )PP )NP )VP )VP and (VP to (ADVP possibly )ADVP (VP do (NP the same )NP (PP with (NP its mining and energy assets )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP (NP Robert D. *UNKC )NP , (NP (NP Santa Fe 's )NP chairman )NP , )NP (VP argues (SBAR that (S (SBAR since (S (NP its businesses )NP (VP are (VP valued (PP in (NP different ways )NP )PP )VP )VP )S )SBAR , `` (NP (NP the sum )NP (PP of (NP the parts )NP )PP )NP (VP may (VP be (ADJP (ADJP greater )ADJP (PP than (NP the whole )NP )PP )ADJP )VP )VP )S )SBAR )VP . '' )S  STOP
(S But (NP (NP it )NP )NP (VP is n't (ADJP clear )ADJP (SBAR (WHADVP why )WHADVP (S (NP that )NP (VP should (VP be (ADVP so )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The spinoff argument )NP , (PP after (NP all )NP )PP , (VP *UNK (NP the current notion (SBAR that (S (NP assets )NP (VP are (ADJP worth (NP (NP (NP more )NP (PP to (NP private buyers )NP )PP )NP (PP than (PP to (NP public shareholders )NP )PP )PP )NP )ADJP )VP )S )SBAR )NP )VP . )S  STOP
(S And (NP real estate )NP (ADVP usually )ADVP (VP has n't (VP traded (ADVP well )ADVP (PP under (NP public ownership )NP )PP )VP )VP . )S  STOP
(S (NP Salomon Brothers )NP (VP says , `` (S (NP We )NP (VP believe (SBAR (S (NP the real estate properties )NP (VP would (VP trade (PP at (NP a discount )NP )PP ... (SBAR after (S (NP the *UNK unit )NP (VP is (VP *UNK (PRT off )PRT )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )S )VP ... . )S  STOP
(SBAR And what about (NP (NP the cost , and risk , )NP (PP of (S (VP waiting (S (VP to (VP realize (NP the *UNK private market values )NP )VP )VP )S )VP )S )PP )NP ? '' )SBAR  STOP
(S (NP Some analysts )NP (VP remain (ADJP bullish )ADJP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP (PP of (NP Bear Stearns )NP )PP )NP (VP says (SBAR (S (NP he )NP (VP (VP is (VP *UNKING (NP (NP the worth )NP (PP of (NP (NP the company 's )NP assets )NP )PP )NP )VP )VP and (PRN , (PP in (NP the meantime )NP )PP , )PRN (VP is (VP *UNKING (PP to (NP his `` buy '' recommendation )NP )PP (PP on (NP the belief (SBAR that (S (NP he )NP (VP will (VP find (NP (NP `` values '' )NP (PP of (NP (NP 30 )NP (NP a share )NP )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP adds : `` (S (SBAR If (S (PP for (NP any reason )NP )PP (NP I )NP (VP do n't (VP have (NP the values )NP )VP )VP )S )SBAR , (ADVP then )ADVP (NP I )NP (VP wo n't (VP recommend (NP it )NP )VP )VP )S )VP . '' )S  STOP
(S (NP (NP First Boston 's )NP *UNKC *UNKC *UNKC )NP (VP values (NP Santa Fe )NP (PP at (NP 24 )NP )PP , (ADVP down (PP from (NP (NP her earlier estimate )NP (PP of (NP 29 )NP )PP )NP )PP )ADVP )VP . )S  STOP
(S (NP Her recent report )NP (VP *UNK (NP the stock )NP (PP as (NP a `` hold )NP )PP )VP . '' )S  STOP
(S But (NP it )NP (VP appears (S (VP to (VP be (NP (NP the sort )NP (PP of (NP hold )NP )PP (SBAR (S (NP one )NP (VP makes (SBAR while (S (VP heading (PP for (NP the door )NP )PP )VP )S )SBAR )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (S (VP *UNKING (PP from (NP the report )NP )PP )VP )S : `` (S (NP (NP (NP The stock 's )NP narrow discount )NP (PP to (NP asset valuation )NP )PP )NP (VP makes (S (NP it )NP (NP (NP a relatively *UNKING investment )NP (PP at (NP current prices )NP )PP )NP )S , (PP (ADVP especially )ADVP given (NP the risk (SBAR that (S (NP our projections )NP (VP could (VP be (PP on (NP the aggressive side )NP )PP )VP )VP )S )SBAR )NP )PP )VP )S . '' )S  STOP
(S (NP Chairman *UNKC )NP (VP says (SBAR (S (NP the California pension fund )NP (VP is (VP getting (NP (NP a bargain price )NP (SBAR (WHNP that )WHNP (S (VP would n't (VP have (VP been (VP offered (PP to (NP others )NP )PP )VP )VP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP other words )NP )PP : (NP The real estate )NP (VP has (NP (NP a higher value )NP (SBAR than (S (NP the pending deal )NP (VP suggests )VP )S )SBAR )NP )VP . )S  STOP
(S (SBAR Since (S (NP (NP most )NP (PP of (NP (NP the unit 's )NP real estate )NP )PP )NP (VP is (PP in (NP California )NP )PP )VP )S )SBAR , (NP the pension fund )NP (VP will (VP be (NP a useful political ally )NP (PP in (NP (NP a state )NP (SBAR (WHADVP where )WHADVP (S (NP development )NP (VP is (ADVP often )ADVP (VP held (NP (NP *UNK )NP (PP to (NP *UNKING boards )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S And (PRN , (SBAR as (S (NP Mr. *UNKC )NP (VP says )VP )S )SBAR , )PRN (SBAR with (S (NP (NP *UNKC )NP and (NP *UNKC )NP )NP (PP on (NP (NP the unit 's )NP board )NP )PP )S )SBAR , (NP the real estate )NP (VP will (VP be (VP run (PP by (NP `` a very unusual group '' )NP )PP (S (VP to (VP say (NP the least )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP is (ADJP possible )ADJP (ADVP then )ADVP (SBAR that (S (NP (NP Santa Fe 's )NP real estate )NP (PRN -- (PP (ADVP even )ADVP in (NP (NP a state )NP (VP *UNKED (PP by (NP earthquakes )NP )PP )VP )NP )PP -- )PRN (VP could , (NP one day )NP , (VP *UNK (NP (NP a *UNKING 's )NP *UNK )NP )VP )VP )S )SBAR )VP . )S  STOP
(S But (PRN (SBAR as (S (NP Drexel analyst *UNKC *UNKC )NP (VP (S (VP notes )VP )S )VP )S )SBAR )PRN , (NP its properties )NP (VP will (VP be (VP developed (PP over (NP (QP 15 to 20 )QP years )NP )PP )VP )VP )VP . )S  STOP
(S So (PP despite (NP (NP (NP Wall Street 's )NP *UNK talk )NP (PP of (S (VP (ADVP quickly )ADVP `` *UNKING (NP values )NP )VP )S )PP )NP )PP , '' (NP holders )NP (VP could (VP be (PP in (PP for (NP a long wait )NP )PP )PP )VP )VP . )S  STOP
(NP (NP Santa Fe Pacific )NP (PRN -LRB- (NP NYSE )NP ; (NP (NP *UNKC )NP : (NP *UNKC )NP )NP -RRB- )PRN )NP  STOP
(FRAG (NP (NP Business )NP : (NP (NP *UNKC )NP , (NP natural resources )NP and (NP real estate )NP )NP )NP )FRAG  STOP
(NP (NP Year )NP (VP ended (NP Dec. 31 , 1988 )NP )VP : )NP  STOP
(FRAG (NP (NP Revenue )NP : (NP $ *UNKN billion )NP )NP )FRAG  STOP
(NP (NP Net loss )NP : (NP (NP (QP $ *UNKN million )QP )NP ; (NP (NP 30 cents )NP (NP a share )NP )NP )NP )NP  STOP
(NP (NP (NP Third quarter )NP , (NP Sept. 30 , 1989 )NP )NP : )NP  STOP
(FRAG (NP (NP (NP Net income )NP : (NP (NP 21 cents )NP (NP a share )NP )NP )NP (PP vs. (NP (NP net loss )NP (PP of (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP )NP )PP )NP )FRAG  STOP
(NP (NP Average daily trading volume )NP : (NP *UNKN shares )NP )NP  STOP
(S (S (NP (NP Orkem S.A. )NP , (NP a French *UNKED chemical manufacturer )NP , )NP (VP is (VP making (NP (NP a friendly bid )NP (PP of (NP (NP *UNKN pence )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN (NP a share )NP )NP )PP (PP for (NP (NP the *UNKN % )NP (PP of (NP U.K. specialty chemical group *UNKC Brothers PLC )NP )PP (SBAR (WHNP which )WHNP (S (NP it )NP (VP does n't (ADVP already )ADVP (VP own )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S , (NP the two sides )NP (VP said )VP . )S  STOP
(S (NP (NP The offer )NP , (SBAR (WHNP which )WHNP (S (VP values (NP (NP the whole )NP (PP of (NP *UNKC )NP )PP )NP (PP at (NP (QP # *UNKN million )QP )NP )PP )VP )S )SBAR , )NP (VP has (ADVP already )ADVP (VP been (VP accepted (PP by (NP (NP (NP *UNKC executives )NP and (NP other shareholders )NP )NP (VP owning (NP (NP *UNKN % )NP (PP of (NP the company )NP )PP )NP )VP )NP )PP )VP )VP )VP . )S  STOP
(S (NP The *UNK )NP (VP give (NP Orkem )NP (NP (NP a controlling (ADJP *UNKN % )ADJP stake )NP (PP in (NP the company )NP )PP )NP )VP . )S  STOP
(S (NP Orkem and *UNKC )NP (VP said (NP last Wednesday )NP (SBAR that (S (NP the two )NP (VP were (VP considering (NP (NP a merger )NP , (PP through (NP (NP (NP Orkem 's )NP British subsidiary )NP , (NP Orkem *UNKC U.K. Ltd )NP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Orkem )NP , (NP (NP France 's )NP *UNK- chemical group )NP , )NP (VP said (SBAR (S (NP it )NP (VP would (VP fund (NP the acquisition )NP (PP through (NP internal resources )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The takeover )NP (VP would (VP be (VP followed (PP by (NP (NP a restructuring )NP (PP of (NP (NP Orkem 's )NP U.K. unit )NP )PP , (PP including (NP (NP the addition )NP (PP of (NP (NP related Orkem businesses )NP and (ADVP possibly )ADVP (NP further acquisitions )NP )NP )PP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP Orkem )NP (VP said (SBAR (S (NP it )NP (ADVP eventually )ADVP (VP would (VP seek (S (VP to (VP make (NP (NP a public share offering )NP (PP in (NP its U.K. business )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC *UNKC Inc. )NP (VP said (SBAR (S (NP it )NP (VP is (VP *UNKING (NP (NP alternatives )NP (SBAR (S (VP to (VP *UNK (NP shareholder value )NP )VP )VP )S )SBAR , (PP including (NP (NP the possible sale )NP (PP of (NP the company )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP *UNKC B. Edelman )NP , (SBAR (WHNP who )WHNP (S (VP controls (NP (NP (QP about 16 )QP % )NP (PP of (NP the (NAC San *UNKC , Texas , )NAC *UNKING company )NP )PP )NP )VP )S )SBAR , )NP (VP insisted (SBAR that (S (NP the announcement )NP (VP did n't (VP have (NP (NP anything )NP (SBAR (S (VP to (VP do (PP with (NP (NP the *UNKING battle )NP (PP for (NP (NP control )NP (PP of (NP *UNKC Corp )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Any sale )NP (PP of (NP *UNKC )NP )PP )NP (VP could (VP have (NP (NP an impact )NP (PP on (NP (NP the battle )NP (PP between (NP (NP Mr. Edelman )NP and (NP New York attorney Martin *UNKC )NP )NP )PP (PP for (NP (NP control )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP holds (NP (NP *UNKN % )NP (PP of (NP (NP (NP *UNKC 's )NP common shares )NP (ADJP outstanding )ADJP )NP )PP )NP )VP . )S  STOP
(S (NP Mr. Edelman )NP (VP said (SBAR (S (NP the decision )NP `` (VP has (NP (NP nothing )NP (SBAR (S (VP to (VP do (PP with (NP *UNKC *UNKC )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP contended (SBAR that (S (NP it )NP (VP was (NP (NP a direct response )NP (PP to (NP his efforts (S (VP to (VP gain (NP (NP control )NP (PP of (NP Datapoint )NP )PP )NP )VP )VP )S )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP was (VP *UNK (PRT off )PRT (PP from (NP Datapoint )NP )PP (ADVP (NP four years )NP ago )ADVP , (SBAR (ADVP shortly )ADVP after (S (NP Mr. Edelman )NP (VP took (NP (NP control )NP (PP of (NP Datapoint )NP )PP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP *UNKC & *UNKC PLC )NP (VP reported (NP (NP a (ADJP 12 % )ADJP gain )NP (PP in (NP *UNK- pretax profit )NP )PP )NP , (PP (ADVP mainly )ADVP because of (NP improving *UNK (PP in (NP the (NX (NX U.K. )NX and (NX *UNK Europe )NX )NX )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP (NP the six months )NP (VP ended (NP Sept. 30 )NP )VP )NP )PP , (NP (NP pretax profit )NP (PP at (NP the British clothing and food retailer )NP )PP )NP (VP rose (PP to (NP (NP (QP # *UNKN million )QP )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP )PP (PP from (NP (QP # *UNKN million )QP )NP (ADVP (NP a year )NP ago )ADVP )PP )VP . )S  STOP
(S (S (NP The results )NP (VP *UNKED (NP (NP (NP analysts ' )NP forecasts )NP , (SBAR (WHNP which )WHNP (S (VP averaged (NP (QP around # 200 million )QP )NP )VP )S )SBAR )NP )VP )S , and (S (NP *UNKC & *UNKC )NP (VP responded (PP in (NP (NP trading )NP (PP on (NP (NP London 's )NP Stock Exchange )NP )PP )NP )PP (PP with (NP (NP an eight pence rise )NP (PP to (NP *UNKN pence )NP )PP )NP )PP )VP )S . )S  STOP
(S (S (NP (NP Profit )NP (PP (PP after (NP tax and minority interest )NP )PP but (PP before (NP extraordinary items )NP )PP )PP )NP (VP rose (NP 12 % )NP (PP to (NP (QP # *UNKN million )QP )NP )PP )VP )S ; (S (NP per-share earnings )NP (VP rose (PP to (NP five pence )NP )PP (PP from (NP 4.5 pence )NP )PP )VP )S . )S  STOP
(S (NP *UNKC )NP (VP declared (NP (NP an interim per-share dividend )NP (PP of (NP *UNKN pence )NP )PP )NP , (PP compared (PP with (NP (NP 1.7 pence )NP (ADVP (NP a year )NP earlier )ADVP )NP )PP )PP )VP . )S  STOP
(S (NP Sales )NP (VP increased (NP 11 % )NP (PP to (NP (QP # 2.5 billion )QP )NP )PP (PP from (NP (QP # 2.25 billion )QP )NP )PP , (SBAR while (S (NP operating profit )NP (VP climbed (NP 13 % )NP (PP to (NP (QP # *UNKN million )QP )NP )PP (PP from (NP (QP # *UNKN million )QP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Sales )NP (PP in (NP (NP North America )NP and (NP the Far East )NP )NP )PP )NP (VP were (VP *UNKED (PP by (NP acquisitions )NP )PP , (S (VP rising (NP 62 % )NP (PP to (NP (QP # *UNKN million )QP )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP Operating profit )NP (VP dropped (NP 35 % )NP , (ADVP however )ADVP , (PP to (NP (QP # 3.8 million )QP )NP )PP )VP . )S  STOP
(S (NP (NP Brooks Brothers )NP , (SBAR (WHNP which )WHNP (S (NP *UNKC )NP (VP bought (NP last year )NP )VP )S )SBAR , )NP (VP saw (S (NP operating profit )NP (VP drop (PP in (NP half )NP )PP (PP to (NP (QP # 5 million )QP )NP )PP )VP )S )VP . )S  STOP
(S (S (NP (UCP Federal and state )UCP thrift *UNK )NP (VP said (SBAR (S (NP they )NP (VP saw (NP (NP evidence )NP (PP of (NP criminal *UNKING )NP )PP )NP (PP in (NP (NP the collapse )NP (PP of (NP Lincoln Savings & Loan Association )NP )PP )NP )PP )VP )S )SBAR )VP )S , and (S (NP a California regulator )NP (VP described (NP (NP an attempted `` *UNK '' )NP (PP by (NP (NP *UNK )NP (PP of (NP chief federal regulator *UNKC Wall )NP )PP )NP )PP )NP )VP )S . )S  STOP
(S (PP In (NP (NP a *UNKING day )NP (PP of (NP (NP hearings )NP (PP before (NP the House Banking Committee )NP )PP )NP )PP )NP )PP , (NP the *UNK )NP (VP described (S (VP finding (NP (NP *UNKED documents )NP , (NP a *UNK Panamanian subsidiary )NP , (NP (NP (NP millions )NP (PP of (NP dollars )NP )PP )NP (VP *UNKED (PP into (NP a Swiss bank )NP )PP )VP )NP , and (NP (NP a *UNK attitude )NP (PP by (NP (NP (NP Mr. Wall 's )NP *UNK )NP , (SBAR (WHNP (WHNP one )WHNP (WHPP of (WHNP whom )WHNP )WHPP )WHNP (S (VP was (VP *UNKED (PP as (S (VP acting (PP (PP (ADVP more )ADVP like (NP (NP a *UNK- man )NP (PP for (NP the thrift )NP )PP )NP )PP (PP than (NP a federal regulator )NP )PP )PP )VP )S )PP )VP )VP )S )SBAR )NP )PP )NP )NP )VP )S )VP . )S  STOP
(S (NP A California official )NP (ADVP also )ADVP (VP said (SBAR (S (NP he )NP (VP sent (NP (NP the Federal Bureau )NP (PP of (NP Investigation )NP )PP )NP (NP (NP a *UNK )NP (PP of (NP (NP documents )NP (VP relating (PP to (NP (NP (NP a (ADJP previously reported )ADJP (ADJP $ 400,000 )ADJP contribution )NP (PP from (NP (NP Lincoln 's )NP parent )NP )PP )NP (VP *UNKED (PP by (NP (NP Sen. Alan Cranston )NP (PRN -LRB- (NP D. )NP , (NP Calif . )NP -RRB- )PRN )NP )PP )VP )NP )PP )VP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Federal *UNK Alex *UNKC )NP (VP said (SBAR (S (NP (NP Lincoln 's )NP operations )NP (VP amounted (PP to `` (S (VP *UNKING (NP debt )NP (S (VP to (VP provide (NP a *UNK life style )NP (PP for (NP its owners )NP )PP )VP )VP )S )VP )S )PP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP Another federal *UNK )NP , (NP John *UNKC )NP , )NP (VP said (SBAR (S (NP (NP (NP (NP Lincoln 's )NP principal owner )NP , (NP Charles Keating Jr. )NP , )NP and (NP his family )NP )NP (VP drew (PRT off )PRT (NP (QP at least $ 34 million )QP )NP (PP from (NP the thrift )NP )PP (PP in (NP (NP salaries , bonuses and proceeds )NP (PP from (NP (NP securities sales )NP (PP in (NP (NP the (QP 3 1\/2 )QP years )NP (SBAR before (S (NP federal authorities )NP (VP seized (NP it )NP (NP earlier this year )NP )VP )S )SBAR )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Lincoln 's )NP collapse )NP (VP may (VP cost (NP taxpayers )NP (NP (QP as much as $ 2.5 billion )QP )NP , (PP according (PP to (NP estimates )NP )PP )PP , (S (VP making (S (NP it )NP (NP (NP the (ADJP most expensive )ADJP thrift failure )NP (PP in (NP history )NP )PP )NP )S )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP I )NP (VP think (SBAR (S (NP there )NP (VP 's (NP (NP overwhelming evidence )NP (SBAR (S (VP to (VP indicate (NP *UNK criminal activity )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP *UNKED (NP last year )NP (PP in (NP (NP an examination )NP (PP of (NP the (NAC *UNKC , Calif. , )NAC thrift )NP )PP )NP )PP )VP )S )SBAR )NP . )SINV  STOP
(S (NP He )NP (VP said (SBAR (S (NP the evidence )NP (VP pointed (PP to (NP (NP wrongdoing )NP (PP by (NP (NP Mr. Keating )NP `` and (NP others )NP )NP )PP )NP )PP , '' (SBAR although (S (NP he )NP (VP did n't (VP *UNK (NP any specific violation )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Richard *UNKC )NP , (NP (NP a California state official )NP (SBAR (WHNP who )WHNP (S (NP last year )NP (VP *UNKED (NP (NP (NP Lincoln 's )NP parent )NP , (NP American Continental Corp. )NP , )NP )VP )S )SBAR )NP )NP (VP said (SBAR (S (NP he )NP (ADVP also )ADVP (VP saw (NP evidence (SBAR that (S (NP crimes )NP (VP had (VP been (VP committed )VP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP It )NP (ADVP sure )ADVP (VP *UNK (PP like (NP it )NP )PP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP (NP 30 % )NP (PP of (NP (NP the loans )NP (SBAR (S (NP he )NP (VP *UNKED )VP )S )SBAR )NP )PP )NP (VP were `` (NP dead *UNK )NP (PP on (NP (NP the day )NP (SBAR (S (NP they )NP (VP were (VP made )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . '' )S  STOP
(S (NP The state *UNK )NP (ADVP also )ADVP (VP said (SBAR (S (NP (NP *UNK )NP (PP of (NP a *UNK federal examination )NP )PP )NP (VP seemed (ADJP (ADJP so reluctant (S (VP to (VP demand (NP (NP *UNK- )NP (PP of (NP (NP Lincoln 's )NP bad loans )NP )PP )NP )VP )VP )S )ADJP (SBAR that (S (NP he )NP (ADVP immediately )ADVP (VP grew (ADJP *UNK )ADJP )VP )S )SBAR )ADJP )VP )S )SBAR )VP . )S  STOP
(S `` (S (ADVP Later on )ADVP , (NP (NP my concerns )NP (PP about (NP a *UNK )NP )PP )NP (VP became (ADJP even more serious )ADJP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP He )NP (VP (VP called (S (NP the sour loans )NP `` (ADJP *UNKING )ADJP '' )S )VP and (VP added , `` (S (S (NP You )NP (VP opened (NP the file )NP (PRT up )PRT )VP )S and (S (NP it )NP (ADVP just )ADVP (VP jumped (PP at (NP you )NP )PP )VP )S )S )VP )VP . '' )S  STOP
(S (NP (NP Leonard *UNKC )NP , (NP (NP a Washington attorney )NP (PP for (NP (NP Lincoln 's )NP parent corporation )NP )PP )NP , )NP (VP said (PP in (NP an interview )NP )PP , `` (S (NP We )NP (VP deny (NP (NP any criminal behavior )NP (PP by (NP (NP the association )NP or (NP its officers )NP )NP )PP )NP )VP )S )VP . '' )S  STOP
(S `` (S (NP (NP Those )NP (SBAR (WHNP who )WHNP (S (VP testified (PRN -LCB- (NP yesterday )NP -RCB- )PRN )VP )S )SBAR )NP (VP have (VP (ADVP consistently )ADVP maintained (SBAR that (S (NP (NP anyone )NP (SBAR (WHNP who )WHNP (S (VP did n't (VP agree (PP with (NP them )NP )PP )VP )VP )S )SBAR )NP (VP is (NP (NP part )NP (PP of (NP (NP a *UNK )NP , (NP a *UNK )NP , or (NP (NP the subject )NP (PP of (NP excessive influence )NP )PP )NP )NP )PP )NP )VP )S )SBAR )VP )VP )S , '' (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S `` (NP We )NP (ADVP simply )ADVP (VP do n't (VP agree (PP with (NP (NP that )NP or (NP (NP the findings )NP (PP of (NP their investigation )NP )PP )NP )NP )PP )VP )VP . '' )S  STOP
(S (NP (NP Mr. Wall 's )NP *UNK )NP (VP complained (SBAR that (S (NP they )NP (VP had n't (VP been (VP given (NP an opportunity (S (VP to (VP respond (PP to (NP (NP the criticism )NP (VP brought (PRT out )PRT (PP during (NP (NP (NP the Banking Committee 's )NP hearings )NP , (SBAR (WHNP which )WHNP (S (NP (NP Committee Chairman Henry Gonzalez )NP (PRN -LRB- (NP D. )NP , (NP Texas )NP -RRB- )PRN )NP (VP has (VP used (PP as (NP a *UNK )NP )PP (S (VP (VP to (VP *UNK (NP (NP (NP Mr. Wall 's )NP handling )NP (PP of (NP the affair )NP )PP )NP )VP )VP and (VP to (VP demand (SBAR that (S (NP he )NP (VP step (ADVP aside )ADVP (PP from (NP his job )NP )PP )VP )S )SBAR )VP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )NP )PP )VP )VP )S )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP (NP A couple )NP (PP of (NP things )NP )PP (SBAR (S (NP Mr. *UNKC )NP (VP said )VP )S )SBAR )NP (VP were (ADJP (ADVP at least )ADVP misleading )ADJP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP one )NP (PP of (NP (NP the Washington regulators )NP (ADJP responsible (PP for (NP (NP the handling )NP (PP of (NP Lincoln )NP )PP )NP )PP )ADJP )NP )PP )NP )NP . )SINV  STOP
(S (PP In (NP an interview )NP )PP , (NP he )NP (VP said (SBAR (S (NP federal regulators )NP (VP (ADVP eventually )ADVP (VP declared (S (NP (NP one )NP (PP of (NP (NP the loans )NP (SBAR (S (NP the state regulator )NP (VP cited )VP )S )SBAR )NP )PP )NP (VP to (VP be (NP a total loss )NP )VP )VP )S )VP , and (VP forced (S (NP Lincoln )NP (VP to (VP make (NP (NP an (ADJP (QP $ 18 million )QP )ADJP downward adjustment )NP (PP on (NP another )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP (NP Our response )NP (PP to (NP the *UNK )NP )PP )NP (VP would (ADVP simply )ADVP (VP be , (SBAR (S (VP look (SBAR (WHNP what )WHNP (S (VP happened )VP )S )SBAR )VP )S )SBAR )VP )VP )S , '' (NP (NP another Washington official )NP , (NP *UNKC *UNKC )NP , )NP (VP said (PP in (NP an interview )NP )PP )VP . )S  STOP
(S (NP Federal officials )NP (VP seized (NP the association )NP (PP in (NP April )NP )PP , (SBAR (NP a day )NP after (S (NP the parent corporation )NP (VP entered (NP bankruptcy-law proceedings )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The government )NP (ADVP later )ADVP (VP brought (NP a (ADJP (QP $ 1.1 billion )QP )ADJP fraud suit )NP (PP against (NP (NP Mr. Keating )NP and (NP others )NP )NP )PP )VP . )S  STOP
(S (NP Rep. Gonzalez )NP (VP has (VP complained (SBAR that (S (NP regulators )NP (VP *UNKED (ADVP far too long )ADVP , (ADVP however )ADVP , (S (VP ignoring (NP (NP a recommendation )NP (PP from (NP regional officials )NP )PP (S (VP to (VP place (NP Lincoln )NP (PP into (NP *UNK )NP )PP (SBAR (NP two years )NP before (S (NP it )NP (VP failed )VP )S )SBAR )VP )VP )S )NP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S `` (S (NP He )NP (VP took (NP (NP the *UNK course )NP (PP of (S (VP ignoring (NP the evidence )NP )VP )S )PP )NP )VP )S , '' (NP Rep. Gonzalez )NP (VP said )VP . )S  STOP
(S (NP State thrift *UNK *UNKC *UNKC )NP (VP said (SBAR (S (NP he )NP (VP found (S (NP the chief federal *UNK Steve Scott )NP (VP to (VP be (ADJP totally *UNKED (PP in (NP (NP one allegedly fraudulent series )NP (PP of (NP transactions )NP )PP )NP )PP )ADJP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S `` (S (ADVP *UNKLY )ADVP , (NP it )NP (VP was (SBAR like (S (NP he )NP (VP worked (PP for (NP the Lincoln *UNK- department )NP )PP )VP )S )SBAR )VP )S , '' (NP Mr. *UNKC )NP (VP testified )VP . )S  STOP
(S And (NP (NP David *UNKC )NP , (NP (NP a federal *UNK )NP (SBAR (WHNP who )WHNP (S (VP worked (PP under (NP Mr. Scott )NP )PP )VP )S )SBAR )NP , )NP (VP said (SBAR (S (NP he )NP (VP found (S (NP his chief )NP (ADJP *UNKLY *UNK (PP about (NP Lincoln )NP )PP )ADJP )S )VP )S )SBAR )VP . )S  STOP
(S (S (VP Asked (S (VP to (VP comment )VP )VP )S )VP )S , (NP (NP a spokesman )NP (PP for (NP Mr. Scott )NP )PP )NP (VP said : `` (S (NP Mr. Scott )NP (VP has (VP *UNK (PP to (NP (NP his attorney )NP , (SBAR (WHNP who )WHNP (S (VP has (VP advised (S (NP him )NP not (VP to (VP talk (PP to (NP anybody )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR that (S (SBAR (NP a day or two )NP before (S (NP (NP Lincoln 's )NP parent )NP (VP entered (NP bankruptcy proceedings )NP )VP )S )SBAR , (NP (NP he )NP and (NP other *UNK )NP )NP (VP saw `` (NP (NP a truck )NP (PP with (NP (NP a sign )NP (PP on (NP it )NP )PP (SBAR (WHNP that )WHNP (S (VP said (SBAR (S (NP it )NP (VP was (PP from (NP the ` *UNKC *UNKC Center )NP )PP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )VP . ' )S  STOP
(S (NP We )NP (VP observed (S (NP (NP (QP at least two )QP large plastic *UNK )NP (PP of (NP *UNKED paper )NP )PP )NP (VP *UNKED (PP into (NP this truck )NP )PP )VP )S )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP the paper )NP (VP had (VP been (VP donated (PP to `` (NP (NP a *UNK organization )NP (SBAR (WHNP that )WHNP (S (VP sells (NP it )NP (PP for (NP *UNKING )NP )PP )VP )S )SBAR )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP *UNKED (NP it )NP (SBAR (ADVP simply )ADVP because (S (NP it )NP (VP contained (NP (NP financial information )NP (PP about (NP their creditors and *UNK )NP )PP )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP his *UNK )NP (VP were (VP *UNKED (PP by (NP (NP several foreign investments )NP (PP by (NP Lincoln )NP )PP , (PP including (NP (NP (NP (QP $ 22 million )QP )NP (VP paid (PP to (NP (NP Credit Suisse )NP (PP of (NP Switzerland )NP )PP )NP )PP )VP )NP , (NP (NP an (ADJP (QP $ 18 million )QP )ADJP interest )NP (PP in (NP (NP Saudi European Bank )NP (PP in (NP Paris )NP )PP )NP )PP )NP , (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP investment )NP (PP in (NP a *UNKC trading company )NP )PP )NP , and (NP (NP a (ADJP recently discovered )ADJP holding )NP (PP in (NP (NP a *UNKED company )NP , (NP *UNKC Holdings )NP )NP )PP )NP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP (VP said , `` (S (NP I )NP (VP can (VP see (SBAR (WHADVP why )WHADVP (S (NP an S&L examiner )NP (VP would (VP regard (NP these )NP (PP as (NP unusual activities )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP , '' but (VP said (SBAR (S (NP the overseas investments )NP `` (ADVP essentially )ADVP (VP broke (ADVP even )ADVP '' (PP for (NP the S&L )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP LTV Steel Co. )NP (VP is (VP boosting (NP (NP the prices )NP (PP of (NP flat rolled steel products )NP )PP )NP (PP by (NP (NP an average )NP (PP of (NP 3 % )NP )PP )NP )PP (PP following (NP (NP a recent *UNK )NP (PP in (NP (NP the prices )NP (PP of (NP such crucial steel products )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The big questions )NP (VP are (SBAR (SBAR whether (S (NP (NP the increase )NP , (RRC (ADJP effective )ADJP (NP Jan. 1 , 1990 )NP )RRC , )NP (VP will (VP stick )VP )VP )S )SBAR , and (SBAR whether (S (NP other major steelmakers )NP (VP will (VP follow (NP suit )NP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP It )NP (VP is (ADVP widely )ADVP (VP expected (SBAR that (S (NP they )NP (VP will )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The increase )NP (VP is (PP on (NP (NP the base price )NP , (SBAR (WHNP which )WHNP (S (VP is (ADVP already (VP being (VP *UNKED (PP by (NP virtually all steel producers )NP )PP )VP )VP )ADVP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S But (NP (NP LTV 's )NP move )NP (VP marks (NP (NP the first effort )NP (PP by (NP a major steelmaker )NP )PP (S (VP to (VP counter (NP (NP the free fall )NP (PP in (NP spot prices )NP )PP )NP )VP )VP )S )NP )VP . )S  STOP
(S (NP Major steel producers )NP (VP are (VP selling (NP cold rolled sheet steel )NP (PP at (NP (NP (QP about $ *UNKN )QP )NP (NP a ton )NP )NP )PP , (PP compared (PP with (NP (NP a peak price )NP (PP of (NP (NP $ *UNKN )NP (NP a ton )NP )NP (PP in (NP 1988 )NP )PP )PP )NP )PP )PP )VP )VP . )S  STOP
(S (NP *UNKC companies )NP (VP are (VP receiving (NP (NP even less )NP (PP per (NP ton )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP (NP LTV 's )NP planned increase )NP , (SBAR (WHNP which )WHNP (S (VP was (VP announced (PP in (NP (NP an Oct. 26 *UNK )NP (PP to (NP district managers )NP )PP )NP )PP )VP )VP )S )SBAR , )NP (VP does n't (VP affect (NP (NP *UNKED steel )NP or (NP *UNK plate )NP )NP )VP )VP . )S  STOP
(S (NP LTV )NP (VP confirmed (NP the *UNK- plan )NP , (S (VP saying (SBAR (S (NP the move )NP (VP is (VP designed (S (VP (VP to (VP (ADVP more *UNKLY )ADVP reflect (NP (NP the value )NP (PP of (NP products )NP )PP )NP )VP )VP and (VP to (VP put (NP steel )NP (PP on (NP (NP (ADJP more equal )ADJP *UNKING )NP (PP with (NP other commodities )NP )PP )NP )PP )VP )VP )VP )S )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP (NP A spokesman )NP (PP for (NP (NP LTV Steel )NP , (SBAR (WHNP which )WHNP (S (VP is (NP (NP a unit )NP (PP of (NP *UNKED LTV Corp. )NP )PP )NP )VP )S )SBAR )NP )PP , )NP (VP noted (SBAR that (S (NP (NP steel prices )NP , (VP adjusted (PP for (NP inflation )NP )PP )VP , )NP (VP increased (NP only 1.7 % )NP (PP between (NP (NP 1981 )NP and (NP (NP the fourth quarter )NP (PP of (NP 1988 )NP )PP )NP )NP )PP , (SBAR while (S (NP (NP the prices )NP (PP of (NP other industrial commodities )NP )PP )NP (VP increased (NP (QP nearly five times as much )QP )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP At (NP the same time )NP )PP , (NP steelmakers )NP (VP are (VP trying (S (VP to (VP invest (NP more )NP (S (VP to (VP (VP *UNK (NP technology )NP )VP and (VP make (S (NP themselves )NP (ADJP more competitive )ADJP )S )VP )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S But (NP analysts )NP (VP say (SBAR (S (NP the company )NP (VP is (ADVP also )ADVP (VP trying (S (VP to (VP prevent (NP further price drops )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP they )NP (VP note (SBAR that (S (NP LTV )NP (VP may (VP be (VP trying (S (VP to (VP send (NP a signal )NP (PP to (NP (NP major customers )NP , (PP such as (NP (NP Chrysler Corp. )NP and (NP *UNKC Corp. )NP )NP )PP , )NP )PP (SBAR that (S (NP steelmakers )NP (VP need (NP more money )NP )VP )S )SBAR )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Both companies )NP (VP are (PP in (NP (NP the process )NP (PP of (S (VP negotiating (NP (NP contracts )NP (PP with (NP LTV and others )NP )PP )NP )VP )S )PP )NP )PP )VP . )S  STOP
(SINV `` (S (NP (NP They )NP (PRN -LCB- LTV -RCB- )PRN )NP (VP may (VP believe (SBAR (S (NP this )NP (VP (VP can (VP impact (NP contract negotiations )NP )VP )VP and (VP is (NP (NP their signal )NP (PP to (NP the world )NP )PP (SBAR that (S (NP now )NP (VP is (NP (NP the time )NP (SBAR (S (VP to (VP get (ADJP tough (PP on (NP prices )NP )PP )ADJP )VP )VP )S )SBAR )NP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )VP )S , '' (VP said )VP (NP (NP Peter *UNKC )NP , (NP (NP an analyst )NP (PP with (NP PaineWebber Inc )NP )PP )NP )NP . )SINV  STOP
(S (NP Mr. *UNKC )NP (VP believes (SBAR (S (NP spot steel prices )NP (VP will (VP (VP continue (S (VP to (VP fall )VP )VP )S (PP through (NP early 1990 )NP )PP )VP and then (VP reverse (NP themselves )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP is n't (VP convinced , (ADVP though )ADVP , (SBAR that (S (NP the price decline )NP (VP reflects (NP falling demand )NP )VP )S )SBAR (SBAR because (S (NP the world economy )NP (VP remains (ADJP relatively strong )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S And (S (SBAR while (S (NP (NP customers )NP (PP such as (NP steel service centers )NP )PP )NP (VP are (VP continuing (S (VP to (VP reduce (NP inventories )NP )VP )VP )S (PP through (NP the fourth quarter )NP )PP )VP )VP )S )SBAR , (NP they )NP (ADVP eventually )ADVP (VP will (VP begin (VP *UNKING (PRT up )PRT (ADVP again )ADVP )VP )VP )VP )S , (NP he )NP (VP notes )VP . )S  STOP
(S (NP (NP It )NP )NP (VP wo n't (VP be (ADJP clear )ADJP (PP for (NP months )NP )PP (SBAR whether (S (NP the price increase )NP (VP will (VP stick )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP (VP announced (NP (NP a round )NP (PP of (NP *UNK- increases )NP )PP )NP (NP last year )NP )VP , but (VP began (S (VP offering (NP sizable discounts )NP (PP over (NP the summer )NP )PP )VP )S )VP )VP . )S  STOP
(S (PP In (NP fact )NP )PP , (NP LTV )NP (VP was (NP (NP the first steelmaker )NP (SBAR (S (VP to (ADVP publicly )ADVP (VP boost (NP (NP discounts )NP (PP for (NP (NP buyers )NP (PP of (NP (NP cold rolled sheet steel )NP and (NP *UNKED *UNKED sheet steel )NP )NP )PP )NP )PP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (NP composite New York Stock Exchange trading )NP )PP (NP yesterday )NP , (NP LTV common shares )NP (VP fell (NP 12.5 cents )NP (S (VP to (VP close (PP at (NP $ 1.50 )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The Treasury )NP (VP plans (S (VP to (VP raise (NP (NP (QP $ 2.3 billion )QP )NP (PP in (NP new cash )NP )PP )NP (PP with (NP (NP the sale )NP (NP Monday )NP (PP of (NP (NP (QP about $ 16 billion )QP )NP (PP in (NP short-term bills )NP )PP )NP )PP )NP )PP (S (VP to (VP redeem (NP (NP (QP $ *UNKN billion )QP )NP (PP in (NP maturing bills )NP )PP )NP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (ADVP However )ADVP , (NP the Treasury )NP (VP said (SBAR (S (NP it )NP (VP will (VP postpone (NP the auction )NP (SBAR unless (S (NP it )NP (VP has (NP (NP *UNK )NP (PP of (NP (NP *UNK )NP (PP of (NP (NP legislation )NP (SBAR (S (VP to (VP raise (NP the *UNK debt limit )NP )VP )VP )S )SBAR )NP )PP )NP )PP )NP (PP before (NP the scheduled auction date )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The offering )NP (VP will (VP be (VP divided (ADVP *UNKLY )ADVP (PP between (NP (NP (ADJP *UNK- and *UNK- )ADJP bills )NP (VP maturing (PP on (NP (NP Feb. 8 , 1990 )NP , and (NP May 10 , 1990 )NP , (ADVP respectively )ADVP )NP )PP )VP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP (NP *UNKC )NP (PP for (NP the bills )NP )PP )NP , (ADJP available (PP in (NP minimum (ADJP $ 10,000 )ADJP denominations )NP )PP )ADJP , )NP (VP must (VP be (VP received (PP by (NP (NP 1 p.m. EST )NP (NP Monday )NP )NP )PP (PP (PP at (NP the Treasury )NP )PP or (PP at (NP Federal Reserve banks or branches )NP )PP )PP )VP )VP )VP . )S  STOP
(S (NP J.C. Penney Co. )NP (VP is (VP *UNKING (NP (NP its involvement )NP (PP in (NP a *UNKED *UNKING service )NP )PP )NP (PP by (NP (QP five to 10 )QP years )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC Television Network Inc. )NP (PRN , (PP of (NP Los Angeles )NP )PP , )PRN )NP (VP said (SBAR (S (NP Penney )NP (VP agreed (S (VP to (VP continue (NP (NP its exclusive arrangement )NP (PP with (NP (NP *UNKC Television )NP , (SBAR (WHNP which )WHNP (S (VP does (NP the (NX (NX production )NX , (NX marketing )NX and (NX cable distribution )NX )NX )NP (PP for (NP the J.C. Penney Television *UNKING Channel )NP )PP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP The channel )NP (VP reaches (NP (QP 6.5 million )QP homes )NP )VP )S , (NP a Penney spokesman )NP (VP said )VP . )S  STOP
(S (NP (NP Michael Rosen )NP , (NP (NP president )NP (PP of (NP *UNKC Television )NP )PP )NP , )NP (VP said (SBAR (S (NP Penney )NP (VP decided (S (VP to (VP extend (NP (NP its involvement )NP (PP with (NP the service )NP )PP )NP (PP for (NP (QP at least five )QP years )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (SBAR If (S , (PP by (NP that time )NP )PP , (NP the network )NP (VP reaches (NP (QP 14 million )QP homes )NP )VP )S )SBAR , (NP the contract )NP (VP will (VP be (VP renewed (PP for (NP five more years )NP )PP )VP )VP )VP . )S  STOP
(S (NP Earlier this year )NP , (NP Penney )NP (VP abandoned (NP (NP another home shopping venture )NP , (NP *UNKC Corp. )NP , )NP (PP after (S (VP investing (NP (QP $ 106 million )QP )NP (PP in (NP it )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP The company )NP (VP took (NP (NP a (ADJP (QP $ 20 million )QP )ADJP charge )NP )NP (PP in (NP (NP the fiscal first quarter )NP (VP ended (NP April 29 )NP )VP )NP )PP , (VP related (PP to (S (VP *UNKING (NP the service )NP )VP )S )PP )VP )VP . )S  STOP
(S -LRB- (PP During (NP its centennial year )NP )PP , (NP The Wall Street Journal )NP (VP will (VP report (NP (NP events )NP (PP of (NP the past century )NP )PP (SBAR (WHNP that )WHNP (S (VP stand (PP as (NP (NP *UNK )NP (PP of (NP American business history )NP )PP )NP )PP )VP )S )SBAR )NP )VP )VP . -RRB- )S  STOP
(S (NP *UNKC *UNKC )NP (VP *UNKC (NP *UNKC )NP (S (VP to (VP produce (NP the *UNK- *UNKC *UNK )NP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (VP set (PRT out )PRT (S (VP to (VP *UNK (NP that *UNK )NP (PRN -- (ADVP *UNKLY and *UNKLY )ADVP -- )PRN (PP with (NP new life forms )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP In (NP *UNKN )NP )PP , (NP (NP James *UNKC )NP and (NP his colleagues )NP )NP (VP *UNKED (NP (NP the double *UNK )NP (PP of (NP (NP *UNKC )NP (PRN -LRB- (NP *UNK *UNK )NP -RRB- )PRN , (NP (NP the genetic key )NP (PP to (NP *UNK )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (ADVP (NP *UNKC years )NP later )ADVP , (NP (NP two California *UNK )NP , (NP (NP Stanley Cohen )NP and (NP *UNKC *UNKC )NP )NP , )NP (VP made (NP `` *UNK '' *UNKC )NP , (S (VP *UNKING (NP (NP a *UNK 's )NP gene )NP (PP into (NP (NP *UNK )NP , (SBAR (WHNP which )WHNP (S (ADVP then )ADVP (VP *UNKED (NP *UNK genes )NP )VP )S )SBAR )NP )PP )VP )S )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP *UNKC )NP (VP met (NP (NP Robert *UNKC )NP , (NP an *UNKED *UNK- )NP )NP (PP in (NP 1976 )NP )PP )VP )S )SBAR , (NP they )NP (VP saw (NP dollar signs )NP )VP . )S  STOP
(S (PP With (NP (NP (NP $ 500 )NP (ADVP apiece )ADVP )NP and (NP (NP an *UNK )NP (PP of (NP outside capital )NP )PP )NP )NP )PP , (NP they )NP (VP formed (NP Genentech Inc )NP )VP . )S  STOP
(S (NP Commercial *UNKING )NP (VP was (VP born )VP )VP . )S  STOP
(S (NP (NP (NP Genentech 's )NP first product )NP , (NP (NP a brain *UNK )NP (VP called (S (NP *UNK )NP )S )VP )NP , )NP (VP proved (NP its technology )NP )VP . )S  STOP
(S (S (NP (NP The next )NP (SBAR (S (VP to (VP be (VP *UNKED )VP )VP )VP )S )SBAR , (NP human insulin )NP , )NP (VP had (NP market potential )NP )VP )S and (S (NP Genentech )NP (VP *UNKED (NP it )NP (PP to (NP (NP Eli Lilly )NP , (SBAR (WHNP which )WHNP (S (VP produced (NP (NP 80 % )NP (PP of (NP (NP the insulin )NP (VP used (PP by (NP (QP 1.5 million )QP U.S. diabetics )NP )PP )VP )NP )PP )NP )VP )S )SBAR )NP )PP )VP )S . )S  STOP
(S (S (NP Their *UNK *UNK )NP (VP established )VP )S , (NP *UNKC and *UNKC )NP (VP headed (PP for (NP Wall Street )NP )PP (PP in (NP 1980 )NP )PP )VP . )S  STOP
(S (PP At (NP the time )NP )PP , (NP Genentech )NP (VP had (NP (NP (NP (NP only one profitable year )NP (PP behind (NP it )NP )PP )NP (PRN -LRB- (NP (NP a modest $ *UNKN )NP (PP on (NP (NP revenue )NP (PP of (NP (QP $ 2.6 million )QP )NP )PP (PP in (NP 1979 )NP )PP )NP )PP )NP -RRB- )PRN )NP and (NP (NP no product )NP (PP of (NP its own )NP )PP (PP on (NP the market )NP )PP )NP )NP )VP . )S  STOP
(S (ADVP *UNKC )ADVP , (NP (NP the (ADJP (QP $ 36 million )QP )ADJP issue )NP (SBAR (S (NP they )NP (VP *UNKED (PP in (NP 1980 )NP )PP )VP )S )SBAR )NP (VP (VP opened (PP at (NP $ 35 )NP )PP )VP and (VP *UNKED (PP to (NP $ 89 )NP )PP (PP within (NP 20 minutes )NP )PP )VP )VP . )S  STOP
(S (NP (NP The trip )NP (PP from (NP the test *UNK )NP )PP )NP (VP was not (PP without (NP *UNK )NP )PP )VP . )S  STOP
(S (S (NP (NP *UNKC and Cohen )NP (PRN , (PP for (NP instance )NP )PP , )PRN (NP both still university researchers )NP , )NP (VP had (S (VP to (VP be (VP talked (PP into (S (VP *UNKING (PP for (NP (NP a patent )NP (PP on (NP their *UNKING technique )NP )PP )NP )PP )VP )S )PP )VP )VP )VP )S )VP )S -- and (ADVP then )ADVP (S (NP the *UNKC Office )NP (VP refused (S (VP to (VP grant (NP it )NP )VP )VP )S )VP )S . )S  STOP
(S (NP That judgment )NP , (PP in (NP turn )NP )PP , (VP was (VP *UNKED (PP by (NP the U.S. Supreme Court )NP )PP , (S (VP leaving (S (NP Cohen and *UNKC )NP (VP holding (NP (NP (NP the first patents )NP (PP for (S (VP making (NP *UNK *UNKC )NP )VP )S )PP )NP (PRN -LRB- (VP (ADVP now )ADVP assigned (PP to (NP their schools )NP )PP )VP -RRB- )PRN )NP )VP )S )VP )S )VP )VP . )S  STOP
(S (NP *UNKING )NP (ADVP now )ADVP (VP is (NP (NP an *UNK part )NP (PP of (NP the drug business )NP )PP )NP )VP . )S  STOP
(S (NP (NP Genentech 's )NP 1988 sales )NP (VP were (NP (QP $ *UNKN million )QP )NP , (PP both from (NP *UNKING )NP and (NP its own products )NP )PP )VP . )S  STOP
(S (NP (NP The portfolio unit )NP (PP of (NP the French bank group Credit *UNKC )NP )PP )NP (VP told (NP stock market regulators )NP (SBAR that (S (NP it )NP (VP bought (NP (NP *UNKN shares )NP (PP of (NP *UNKC de Navigation Mixte )NP )PP )NP , (S (ADVP apparently )ADVP (VP to (VP help (S (VP fend (PRT off )PRT (NP (NP an *UNK takeover bid )NP (PP for (NP the company )NP )PP )NP )VP )S )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Earlier yesterday )NP , (NP the Societe de *UNKC *UNKC )NP (VP was (VP told (SBAR that (S (NP (NP a unit )NP (PP of (NP *UNKC S.A. )NP )PP )NP (ADVP also )ADVP (VP bought (NP Navigation Mixte shares )NP , (S (NP this purchase )NP (VP covering (NP (QP more than *UNKN )QP shares )NP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Both companies )NP (VP are (NP (NP allies )NP (PP of (NP Navigation Mixte )NP )PP (PP in (NP (NP its fight )NP (PP against (NP (NP a hostile takeover bid )NP (VP launched (NP last week )NP (PP by (NP *UNKC )NP )PP )VP )NP )PP )NP )PP )NP )VP . )S  STOP
(NP (NP *UNKC de Paribas )NP (PP at (NP (NP *UNKN French francs )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN (NP a share )NP )NP )PP . )NP  STOP
(S (NP (NP Navigation Mixte 's )NP chairman )NP (VP had (VP suggested (SBAR that (S (NP friendly institutions )NP (VP were (ADJP likely (S (VP to (VP buy (NP its stock )NP (ADVP as soon (SBAR as (S (NP trading )NP (VP opened (NP Monday )NP )VP )S )SBAR )ADVP )VP )VP )S )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP The Credit *UNKC purchase )NP (PRN , (PP for (NP (NP *UNKN regular common shares )NP and (NP 10,000 newly created shares )NP )NP )PP , )PRN )NP (VP is (VP valued (PP at (NP (QP about slightly more than 80 million )QP French francs )NP )PP )VP )VP . )S  STOP
(S (NP (NP Unocal Corp. )NP , (NP Los Angeles )NP , )NP (VP said (SBAR (S (NP (NP it )NP and (NP *UNKC de *UNKC S.A. )NP )NP (VP would (VP create (NP a petroleum marketing and refining general partnership )NP (PP in (NP the Midwest )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP The joint venture )NP , (NP *UNKC Co. )NP , )NP (VP would (VP (VP generate (NP (NP total annual revenue )NP (PP of (NP (QP about $ 500 million )QP )NP )PP )NP )VP and (VP have (NP *UNKN employees )NP )VP )VP )VP )S , (NP a Unocal spokesman )NP (VP said )VP . )S  STOP
(S (NP Unocal )NP (VP said (SBAR (S (NP the venture )NP (VP would (VP enable (S (NP it )NP (VP to (VP (VP recover (NP (NP more )NP (PP of (NP its refining and marketing investment )NP )PP )NP )VP and (VP prepare (PP for (NP (NP expected growth )NP (PP in (NP (NP exploration )NP , (NP production )NP , (NP chemicals )NP and (NP other areas )NP )NP )PP )NP )PP )VP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP said (SBAR (S (NP financing )NP (VP would (VP *UNK (PP of (NP (NP (NP $ 250 million )NP (PP from (NP a private *UNK )NP )PP (VP obtained (PP through (NP Shearson Lehman Hutton Inc. )NP )PP )VP )NP and (NP (NP a (ADJP (QP $ 150 million )QP )ADJP *UNKING credit line )NP (VP *UNK (PP by (NP Chase Manhattan Bank )NP )PP )VP )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP addition )NP (PP to (NP (NP (NP Unocal 's )NP *UNKN *UNK- refinery )NP (PP near (NP (NP *UNKC )NP , (NP Ill. )NP , )NP )PP )NP )PP )NP )PP (NP the new venture )NP (VP would (VP control (NP (NP 17 distribution *UNK )NP , (NP a *UNK- *UNKING and packaging plant )NP , and (NP *UNKN *UNKED Unocal service stations )NP )NP )VP )VP . )S  STOP
(S (NP It )NP (VP said (SBAR (S (NP (NP the venture )NP , (VP expected (S (VP to (VP take (NP control )NP (PP of (NP the facilities )NP )PP (NP Dec. 1 )NP )VP )VP )S )VP , )NP (VP would (ADVP also )ADVP (VP serve (NP another *UNKN independent Unocal gasoline stations )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP *UNKC )NP (VP will (VP supply (NP (NP *UNKN barrels )NP (PP of (NP oil )NP )PP (NP a day )NP )NP (PP for (NP the refinery )NP )PP )VP )VP )S , (NP Unocal )NP (VP said )VP . )S  STOP
(S (NP Mitsubishi *UNKC Industries Ltd. )NP (VP said (SBAR (S (NP (NP *UNKED pretax earnings )NP (PP in (NP the fiscal first half )NP )PP )NP (VP surged (NP 79 % )NP (PP to (NP (NP a record (QP *UNKN billion )QP yen )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP )PP , (S (VP reflecting (NP (NP strong demand )NP (PP for (NP (NP a variety )NP (PP of (NP products )NP )PP )NP )PP )NP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP the period )NP (VP ended (NP Sept. 30 )NP )VP )NP )PP , (NP net income )NP (VP rose (NP 90 % )NP (PP to (NP (NP (QP *UNKN billion )QP yen )NP , or (NP (NP *UNKN yen )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP *UNKN billion )QP yen )NP , or (NP (NP *UNKN yen )NP (NP a share )NP )NP )NP )PP )VP . )S  STOP
(S (ADVP (NP A year )NP ago )ADVP , (NP the Tokyo company )NP (VP had (NP (NP pretax profit )NP (PP of (NP (QP *UNKN billion )QP yen )NP )PP )NP )VP . )S  STOP
(S (NP Sales )NP (VP amounted (PP to (NP (QP *UNKN trillion )QP yen )NP )PP , (S (VP *UNKING (NP 29 % )NP (PP from (NP (QP *UNKN billion )QP yen )NP )PP )VP )S )VP . )S  STOP
(S (S (VP *UNKED (PP by (NP the *UNK performance )NP )PP )VP )S , (NP Mitsubishi )NP (VP plans (S (VP to (VP raise (NP its per-share dividend )NP (PP to (NP *UNKN yen )NP )PP (PP from (NP three yen )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Company officials )NP (VP said (SBAR (S (NP (NP the current robust domestic demand )NP (SBAR (WHNP that )WHNP (S (VP has (VP been (VP *UNKING (NP sustained economic expansion )NP )VP )VP )VP )S )SBAR )NP (VP (VP helped (VP push (ADVP up )ADVP (NP (NP sales )NP (PP of (NP (NP products )NP (PP like (NP (NP ships )NP , (NP steel structures )NP , (NP power systems )NP and (NP machinery )NP )NP )PP )NP )PP )NP )VP )VP and (VP resulted (PP in (NP (ADJP sharply higher )ADJP profit )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Senate leaders )NP (VP traded (NP (NP proposals )NP (VP aimed (PP at (S (VP *UNKING (NP (NP action )NP (PP on (NP (NP legislation )NP (SBAR (S (VP to (VP (VP narrow (NP the deficit )NP )VP and (VP raise (NP (NP the federal government 's )NP debt limit )NP )VP )VP )VP )S )SBAR )NP )PP )NP )VP )S )PP )VP )NP )VP )S -- but (S (NP the major *UNKING block )NP (VP remains (NP (NP President Bush 's )NP proposal (S (VP to (VP cut (NP the capital-gains tax rate )NP )VP )VP )S )NP )VP )S . )S  STOP
(S (NP Democrats )NP (VP want (S (NP the tax provision )NP (VP to (VP be (NP (NP a separate bill )NP , (ADJP subject (PP to (NP the usual *UNK obstacles )NP )PP )ADJP )NP )VP )VP )S )VP . )S  STOP
(S (NP Republicans )NP , (ADVP meanwhile )ADVP , (VP want (S (VP to (VP try (S (VP to (VP protect (NP the measure )NP (PP by (S (VP combining (NP it )NP (PP with (NP (NP two politically popular issues )NP (SBAR (WHNP that )WHNP (S (NP Democrats )NP (VP could (VP find (S (ADJP hard (SBAR (S (VP to (VP block )VP )VP )S )SBAR )ADJP )S )VP )VP )S )SBAR )NP )PP )VP )S )PP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP (NP The talks )NP (PP between (NP (NP (NP Senate Majority Leader George Mitchell )NP (PP of (NP Maine )NP )PP )NP and (NP (NP his GOP *UNK )NP , (NP (NP Sen. Robert Dole )NP (PP of (NP Kansas )NP )PP )NP , )NP )NP )PP )NP (VP are (VP expected (S (VP to (VP resume (NP today )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Last night )NP , (PP after (S (VP meeting (PP with (NP (NP Mr. Bush )NP and (NP administration officials )NP )NP )PP (PP at (NP the White House )NP )PP )VP )S )PP , (NP Mr. Dole )NP (VP proposed (S (VP (VP *UNKING (NP (NP the fiscal 1990 deficit-reduction bill )NP , (ADJP now stalled (PP in (NP a House-Senate conference committee )NP )PP )ADJP )NP )VP , and (VP passing (NP (NP a long-term extension )NP (PP of (NP the federal debt ceiling )NP )PP )NP (PP without (NP any *UNKING *UNK )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP Under (NP this plan )NP )PP , (NP (NP two provisions )NP (RRC (ADVP currently )ADVP (PP in (NP (NP the House version )NP (PP of (NP the *UNKING bill )NP )PP )NP )PP )RRC (PRN -- (NP (NP repeal )NP (PP of (NP both (NP the *UNK- insurance program )NP and (NP (NP a controversial 1986 tax provision )NP (VP intended (S (VP to (VP counter (NP (NP discrimination )NP (PP in (NP *UNK- plans )NP )PP )NP )VP )VP )S )VP )NP )NP )PP )NP -- )PRN )NP (VP would (VP be (VP made (PP into (NP a separate bill )NP )PP )VP )VP )VP . )S  STOP
(S (NP Republicans )NP (VP would (VP try (S (VP to (VP *UNK (NP a capital-gains provision )NP (PP to (NP that legislation )NP )PP )VP )VP )S , (S (VP hoping (SBAR (S (NP (NP the political popularity )NP (PP of (NP its other two parts )NP )PP )NP (VP would (VP *UNK (NP Democrats )NP (PP from (S (VP blocking (NP it )NP )VP )S )PP )VP )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(S (NP Democrats )NP (VP want (S (VP to (VP avoid (S (VP having (S (VP to (VP make (NP that choice )NP )VP )VP )S )VP )S (PP by (S (VP making (S (NP the capital-gains tax cut )NP (NP an individual bill )NP )S )VP )S )PP )VP )VP )S )VP . )S  STOP
(S (NP Sen. Mitchell )NP (VP is (ADJP confident (SBAR (S (NP he )NP (VP has (NP sufficient votes (S (VP to (VP block (NP such a measure )NP (PP with (NP *UNK actions )NP )PP )VP )VP )S )NP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP Both plans )NP (VP would (VP (VP drop (NP *UNK- provisions )NP (PP from (NP (NP the House version )NP (PP of (NP the deficit-reduction legislation )NP )PP )NP )PP )VP and (VP let (S (NP it )NP (VP progress (PP as (NP a separate bill )NP )PP )VP )S )VP )VP )VP . )S  STOP
(S (SBAR While (S (NP that )NP (VP could (VP make (S (NP it )NP (ADJP vulnerable (PP to (NP (NP a veto )NP (PP by (NP Mr. Bush )NP )PP )NP )PP )ADJP )S )VP )VP )S )SBAR , (NP Democrats )NP (VP argue (SBAR that (S (NP a presidential rejection )NP (VP would (VP give (NP their party )NP (NP (NP a valuable issue )NP (PP in (NP (NP next year 's )NP congressional elections )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Senate Democrats )NP (VP are (S (VP to (VP meet (NP today )NP (S (VP to (VP consider (NP the GOP proposal )NP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP Yesterday )NP , (NP Mr. Dole )NP (VP seemed (ADJP *UNK (PP of (NP (NP (NP the Bush administration 's )NP strategy )NP (PP of (S (VP pushing (NP the capital-gains measure )NP (PP at (NP every chance )NP )PP (PP in (NP (NP the face )NP (PP of (NP Democratic procedural *UNK )NP )PP )NP )PP )VP )S )PP )NP )PP )ADJP )VP . )S  STOP
(S (S (VP *UNKING (NP (NP the issue )NP (PP on (NP (NP legislation )NP (VP needed (S (VP to (VP avoid (NP (NP default )NP (PP by (NP the federal government )NP )PP )NP )VP )VP )S )VP )NP )PP )NP )VP )S (PRN , (S (NP he )NP (VP told (NP reporters )NP )VP )S , )PRN `` (VP does n't (VP seem (S (VP to (VP be (NP very good strategy )NP )VP )VP )S (PP to (NP me )NP )PP )VP )VP . '' )S  STOP
(S (PP At (NP (NP *UNKN a.m. EST )NP (NP today )NP )NP )PP , (NP (NP the federal government 's )NP temporary (ADJP (QP $ *UNKN trillion )QP )ADJP debt limit )NP (VP expired )VP . )S  STOP
(S (S (VP To (VP avoid (NP default )NP )VP )VP )S , (NP lawmakers )NP (VP must (VP pass (NP (NP legislation )NP (VP raising (NP the limit )NP (PP to (NP (QP $ *UNKN trillion )QP )NP )PP (PP from (NP (QP $ *UNKN trillion )QP )NP )PP )VP )NP (PP by (NP next Wednesday )NP )PP , (PP according (PP to (NP the Treasury )NP )PP )PP )VP )VP . )S  STOP
(S (S (VP *UNKED (PP by (NP (NP Chairman Dan *UNKC )NP (PRN -LRB- (NP D. )NP , (NP *UNKC . )NP -RRB- )PRN (PP of (NP the House *UNKC and *UNKC Committee )NP )PP )NP )PP )VP )S , (NP Treasury *UNKC Robert *UNKC )NP (VP told (NP a congressional hearing )NP (SBAR that (S (NP the administration )NP (VP would (VP give (PRT up )PRT (NP (NP its demand )NP (PP for (NP the capital-gains tax cut )NP )PP )NP (SBAR if (S (VP faced (PP with (NP a potential default )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Price *UNKC *UNKC Inc. )NP (VP said (SBAR (S (NP it )NP (VP (VP hired (NP (NP an investment banking firm )NP (SBAR (S (VP to (VP assist (PP in (S (VP *UNKING (NP restructuring or merger alternatives )NP )VP )S )PP )VP )VP )S )SBAR )NP )VP and (VP reported (NP (NP a net loss )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP )NP (PP for (NP (NP the third quarter )NP (VP ended (NP *UNKC )NP )VP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP These results )NP (VP compare (PP with (NP (NP net income )NP (PP of (NP (NP (QP $ 1.8 million )QP )NP , or (NP (NP 44 cents )NP (NP a share )NP )NP )NP )PP , (PP for (NP (NP the *UNKING period )NP (NP last year )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP This quarter 's )NP loss )NP (VP includes (NP (NP pretax charges )NP (PP of (NP (NP (NP (QP $ 4.9 million )QP )NP (PP on (NP (NP the proposed *UNK )NP (PP of (NP (NP the company 's )NP troubled British subsidiary )NP )PP )NP )PP )NP , and (NP (NP (QP $ 3.7 million )QP )NP (PP of (NP (NP other *UNK- )NP (SBAR (S (NP the company )NP (VP said (SBAR (S (VP were (ADJP (ADJP *UNKING )ADJP and (ADJP *UNKLY related (PP to (NP (NP inventory )NP , (NP publishing advances )NP and (NP *UNK- costs )NP )NP )PP )ADJP )ADJP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (NP The publishing concern )NP (VP said (SBAR (S (NP it )NP (VP retained (NP (NP the investment banking firm )NP (PP of (NP Donaldson , Lufkin & Jenrette Securities Inc. )NP )PP (SBAR (S (VP to (VP act (PP as (NP its financial adviser )NP )PP , (S (VP *UNKING (PP in (NP (NP the evaluation )NP (PP of (NP (NP various (ADJP financial and strategic )ADJP alternatives )NP , (PP including (NP (NP debt refinancing )NP , (S (VP raising (NP capital )NP )VP )S , (NP recapitalization )NP , (NP (NP a merger or sale )NP (PP of (NP the company )NP )PP )NP )NP )PP )NP )PP )NP )PP )VP )S )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (ADVP also )ADVP (VP retained (NP (NP attorney Martin P. *UNKC )NP , (NP (NP a director )NP (PP of (NP the company )NP )PP )NP and (NP (NP former head )NP (PP of (NP the *UNKC *UNKING Group )NP )PP )NP , )NP (PP as (NP an adviser )NP )PP )VP . )S  STOP
(S (NP (NP Net sales )NP (PP for (NP (NP this year 's )NP third quarter )NP )PP )NP (VP were (NP $ 14 million )NP , (ADVP down (PP from (NP (QP $ *UNKN million )QP )NP (NP last year )NP )PP )ADVP )VP . )S  STOP
(S (NP The company )NP (VP attributed (NP the decrease )NP (PP (PP (PP in (NP part )NP )PP to (NP (NP the *UNK )NP (PP of (NP (NP the company 's )NP British sales )NP )PP (PP from (NP (NP the current year 's )NP figures )NP )PP (PP as (NP (NP a result )NP (PP of (NP (NP (NP the subsidiary 's )NP status )NP (PP as (NP a proposed discontinued operation )NP )PP )NP )PP )NP )PP )NP )PP and (PP , (PP in (NP part )NP )PP , to (NP (NP lower sales )NP (PP in (NP certain key (ADJP foreign and domestic )ADJP accounts )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP (NP U.K. sales )NP (PP for (NP (NP last year 's )NP quarter )NP )PP )NP (VP were (NP (QP about $ 3 million )QP )NP )VP . )S  STOP
(S (NP Stock prices )NP (VP surged (SBAR as (S (NP a *UNK- takeover proposal )NP (VP helped (S (VP restore (NP (NP (NP market players ' )NP confidence )NP (PP about (NP (NP the prospects )NP (PP for (NP further *UNKING )NP )PP )NP )PP )NP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Paper and forest-products stocks )NP (VP were (ADJP especially strong )ADJP , (SBAR as (S (NP (NP the offer )NP (PP for (NP Great Northern Nekoosa )NP )PP (PP by (NP Georgia-Pacific )NP )PP )NP (VP triggered (NP speculation (SBAR that (S (NP the industry )NP (VP could (VP be (PP in (PP for (NP (NP a wave )NP (PP of (NP merger activity )NP )PP )NP )PP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The Dow Jones Industrial Average )NP (VP climbed (NP *UNKN )NP (PP to (NP *UNKN )NP )PP (SBAR even though (S (NP some late selling )NP (VP caused (S (NP the market )NP (VP to (VP *UNK (PP from (NP session highs )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Trading )NP (VP was (ADJP moderate )ADJP , (PP with (S (NP *UNKN shares )NP (VP changing (NP hands )NP (PP on (NP the New York Stock Exchange )NP )PP )VP )S )PP )VP . )S  STOP
(S (PP Aside (PP from (NP the takeover news )NP )PP )PP , (NP big buy orders )NP (VP were (VP placed (PP for (NP blue-chip shares )NP )PP (PP in (NP afternoon trading )NP )PP )VP )VP . )S  STOP
(S (NP Traders )NP (VP said (SBAR (S (NP the buy programs )NP (VP came (PP from (NP (NP (ADJP very large )ADJP institutional accounts )NP (SBAR (WHNP that )WHNP (S (VP were (ADVP also )ADVP (ADJP active (PP in (NP the stock-index futures markets )NP )PP )ADJP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP At (NP one point )NP )PP , (NP (NP almost all )NP (PP of (NP (NP the shares )NP (PP in (NP (NP the *UNK- Major Market Index )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP the industrial average )NP )VP )S )SBAR , )NP )PP )NP )PP )NP (VP were (ADJP sharply higher )ADJP )VP . )S  STOP
(S (S (NP Some *UNKN Big Board issues )NP (VP advanced (PP in (NP price )NP )PP )VP )S and (S (NP only *UNKN )NP (VP declined , (SBAR while (S (NP broader market *UNK )NP (VP rose (ADVP sharply )ADVP )VP )S )SBAR )VP )S . )S  STOP
(S (S (NP (NP Standard & Poor 's )NP *UNK- Index )NP (VP climbed (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )VP )S , (S (NP the Dow Jones Equity Market Index )NP (VP added (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )VP )S and (S (NP the New York Stock Exchange Composite Index )NP (VP climbed (NP *UNKN )NP (PP to )PP )VP )S )S  STOP
(S (NP Great Northern )NP (VP surged (NP 20 1\/8 )NP (PP to (NP 62 7\/8 )NP )PP , (PP (ADVP well )ADVP above (NP (NP (NP Georgia-Pacific 's )NP offering price )NP (PP of (NP (NP $ 58 )NP (NP a share )NP )NP )PP )NP )PP , (PP amid (NP speculation (SBAR (SBAR that (S (NP (NP other *UNK )NP (PP for (NP the company )NP )PP )NP (VP would (VP surface )VP )VP )S )SBAR or (SBAR that (S (NP the bid )NP (VP would (VP be (VP raised )VP )VP )VP )S )SBAR )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP (QP Nearly 6.3 million )QP shares )NP , or (NP (NP (QP about *UNKN )QP % )NP (PP of (NP (NP (NP the company 's )NP shares )NP (ADJP outstanding )ADJP )NP )PP )NP , )NP (VP changed (NP hands )NP (PP in (NP Big Board composite trading )NP )PP )VP . )S  STOP
(S (PP With (S (NP stocks )NP (VP having (VP been (VP *UNKED (ADVP lately )ADVP (PP because of (NP (NP the collapse )NP (PP of (NP (NP takeover offers )NP (PP for (NP (NP (NP UAL )NP , (NP (NP the parent company )NP (PP of (NP United Airlines )NP )PP )NP , )NP and (NP (NP AMR )NP , (NP (NP the parent )NP (PP of (NP American Airlines )NP )PP )NP )NP )NP )PP )NP )PP )NP )PP )VP )VP )VP )S )PP , (NP analysts )NP (VP viewed (NP the proposal )NP (PP as (NP (NP a *UNK lift )NP (PP for (NP the market )NP )PP )NP )PP )VP . )S  STOP
(SINV (S (NP (NP The (ADJP (QP $ *UNKN billion )QP )ADJP bid )NP , (SBAR (WHNP which )WHNP (S (VP had (VP been (VP rumored (PP since (NP last week )NP )PP )VP )VP )VP )S )SBAR , )NP `` (VP (VP creates (NP a better feeling (SBAR that (S (NP there )NP (VP 's (NP value )NP (PP in (NP the market )NP )PP (PP at (NP current levels )NP )PP )VP )S )SBAR )NP )VP and (VP *UNK (NP (NP prospects )NP (PP for (NP a hot tape )NP )PP )NP )VP )VP , '' )S (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP director )NP (PP of (NP research )NP )PP (PP at (NP *UNKC Research Corp )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP Traders and analysts )NP (ADVP *UNK )ADVP )NP (VP said (SBAR (S (NP (NP the market 's )NP surge )NP (ADVP also )ADVP (VP reflected (NP (NP an easing )NP (PP of (NP (NP concerns )NP (PP about (NP volatility )NP )PP )NP )PP (PP because of (NP (NP moves )NP (PP by (NP (NP a number )NP (PP of (NP brokerage firms )NP )PP )NP )PP (S (VP to (VP *UNK or *UNK (NP stock-index arbitrage )NP )VP )VP )S )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Much )NP (PP of (NP (NP the *UNK )NP (PP in (NP stock prices )NP )PP )NP )PP )NP (ADVP lately )ADVP (VP has (VP been (VP blamed (PP on (NP (NP arbitrage trading )NP , (VP designed (S (VP to (VP profit (PP from (NP (NP differences )NP (PP in (NP prices )NP )PP (PP between (NP (NP stocks )NP and (NP index futures )NP )NP )PP )NP )PP )VP )VP )S )VP )NP )PP )VP )VP )VP . )S  STOP
(SINV `` (S (NP People )NP (VP are (VP looking (PP for (NP an ability (S (VP to (VP (VP try and read (NP the market )NP )VP , (CONJP rather than )CONJP (VP be (VP *UNKED )VP )VP )VP )VP )S )NP )PP )VP )VP )S , '' (VP said )VP (NP (NP *UNKC A. *UNKC )NP , (NP (NP manager )NP (PP of (NP equity trading )NP )PP (PP at (NP Donaldson , Lufkin & Jenrette )NP )PP )NP )NP . )SINV  STOP
(S (NP He )NP (VP noted (SBAR that (S (NP institutional investors )NP (VP showed (NP (NP `` pretty general '' interest )NP (PP in (NP stocks )NP )PP )NP (PP in (NP the latest session )NP )PP )VP )S )SBAR )VP . )S  STOP
(S But (NP traders )NP (ADVP also )ADVP (VP said (SBAR (S (NP *UNKED trading )NP (VP contributed (PP to (NP (NP the market 's )NP surge )NP )PP , (SBAR as (S (NP buy programs )NP (VP boosted (NP prices )NP (PP (PP (ADVP shortly )ADVP after (NP the opening )NP )PP and (PP (ADVP *UNKLY )ADVP through (NP (NP the remainder )NP (PP of (NP the session )NP )PP )NP )PP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (S (NP Georgia-Pacific )NP (VP fell (NP 2 1\/2 )NP (PP to (NP 50 7\/8 )NP )PP )VP )S , but (S (NP most paper and forest-products stocks )NP (VP *UNKED (SBAR as (S (NP market players )NP (VP speculated (PP about (NP other potential industry takeover targets )NP )PP )VP )S )SBAR )VP )S . )S  STOP
(S (PP Within (NP the paper sector )NP )PP , (S (NP *UNKC )NP (VP climbed (NP (QP 2 3\/8 )QP )NP (PP to (NP (QP 38 3\/4 )QP )NP )PP (PP on (NP (QP 1.3 million )QP shares )NP )PP )VP )S , (S (NP Union *UNKC )NP (VP rose (NP (QP 2 3\/4 )QP )NP (PP to (NP (QP 37 3\/4 )QP )NP )PP )VP )S , (S (NP Federal Paper Board )NP (VP added (NP (QP 1 3\/4 )QP )NP (PP to (NP (QP 23 7\/8 )QP )NP )PP )VP )S , (S (NP *UNKC )NP (VP gained (NP (QP 1 1\/2 )QP )NP (PP to (NP (QP 27 1\/2 )QP )NP )PP )VP )S , (S (NP Stone *UNKC )NP (VP rose (NP 1 )NP (PP to (NP (QP 26 1\/8 )QP )NP )PP )VP )S and (S (NP *UNKC )NP (VP jumped (NP (QP 3 3\/4 )QP )NP (PP to (NP (QP 62 1\/4 )QP )NP )PP )VP )S . )S  STOP
(S (NP (NP *UNKC issues )NP (VP showing (NP strength )NP )VP )NP (VP included (NP (NP (NP *UNKC International )NP , (SBAR (WHNP which )WHNP (S (VP went (ADVP up (NP (QP 1 3\/8 )QP )NP (PP to (NP (QP 31 7\/8 )QP )NP )PP )ADVP )VP )S )SBAR )NP ; (NP (NP Weyerhaeuser )NP , (ADVP up (NP 3\/4 )NP (PP to (NP (QP 27 1\/4 )QP )NP )PP )ADVP )NP ; (NP (NP *UNKC )NP , (ADVP up (NP 1 1\/8 )NP (PP to (NP 40 3\/8 )NP )PP )ADVP )NP , and (NP (NP *UNKC *UNKC )NP , (ADVP up (NP 5\/8 )NP (PP to (NP 42 )NP )PP )ADVP )NP )NP )VP . )S  STOP
(S (NP (NP The theme )NP (PP of (NP industry consolidation )NP )PP )NP (VP had (VP *UNKED (NP earlier this year )NP (PP among (NP (NP drug stocks )NP , (SBAR (WHNP which )WHNP (S (VP posted (NP solid gains )NP (PP in (NP the latest session )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP gained (NP (QP 1 7\/8 )QP )NP (PP to (NP (QP 67 5\/8 )QP )NP )PP )VP )S , (S (NP *UNKC )NP (VP added (NP (QP 2 1\/4 )QP )NP (PP to (NP (QP 75 3\/4 )QP )NP )PP )VP )S , (S (NP Eli Lilly )NP (VP rose (NP (QP 1 3\/8 )QP )NP (PP to (NP (QP 62 1\/8 )QP )NP )PP )VP )S and (S (NP *UNKC )NP (VP *UNKED (NP 3\/4 )NP (PP to (NP 38 )NP )PP )VP )S . )S  STOP
(S (ADVP Also )ADVP , (NP *UNKC *UNKC )NP (VP rose (NP (QP 1 3\/8 )QP )NP (PP to (NP (QP 39 1\/2 )QP )NP )PP )VP . )S  STOP
(S (NP (NP An advisory committee )NP (PP of (NP the Food and Drug Administration )NP )PP )NP (VP recommended (SBAR that (S (NP the agency )NP (VP approve (NP (NP *UNKC )NP , (NP (NP the company 's )NP heart drug )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Two rumored restructuring candidates )NP (PP in (NP the oil industry )NP )PP )NP (VP moved higher : (NP (NP (NP Chevron )NP , (SBAR (WHNP which )WHNP (S (VP rose (NP (QP 1 3\/4 )QP )NP (PP to (NP (QP 68 1\/4 )QP )NP )PP (PP on (NP (QP 3.5 million )QP shares )NP )PP )VP )S )SBAR )NP , and (NP (NP USX )NP , (SBAR (WHNP which )WHNP (S (VP gained (NP (QP 1 1\/4 )QP )NP (PP to (NP (QP 34 )QP 5\/8 )NP )PP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (S (NP Pennzoil )NP (VP is (VP rumored (S (VP to (VP be (VP *UNKING (NP (NP a stake )NP (PP in (NP Chevron )NP )PP )NP (SBAR in order (S (VP to (VP push (PP for (NP (NP a *UNKING )NP (PP of (NP the company )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP )VP )S )VP )VP )S ; (S (NP investor Carl Icahn )NP (VP has (ADVP recently )ADVP (VP increased (NP (NP his stake )NP (PP in (NP (NP USX )NP , (SBAR (WHNP which )WHNP (S (ADVP separately )ADVP (VP reported (NP (NP earnings )NP (SBAR (WHNP that )WHNP (S (VP were (PP in (NP (NP line )NP (PP with (NP expectations )NP )PP )NP )PP )VP )S )SBAR )NP )VP )S )SBAR )NP )PP )NP )VP )VP )S . )S  STOP
(S (NP (NP Paramount Communications )NP , (SBAR (WHNP which )WHNP (S (VP completed (NP (NP the (ADJP (QP $ *UNKN billion )QP )ADJP sale )NP (PP of (NP its Associates Corp . financial-services unit )NP )PP (PP to (NP Ford Motor )NP )PP )NP )VP )S )SBAR , )NP (VP gained (NP (QP 1 1\/8 )QP )NP (PP to (NP (QP 55 7\/8 )QP )NP )PP (PP after (S (VP losing (NP one point )NP (NP Monday )NP (PP amid (NP (NP rumors )NP (PP of (NP a delay )NP )PP )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP the sale )NP (VP would (VP produce (NP a (ADJP (QP $ 1.2 billion )QP )ADJP gain )NP (PP in (NP the fourth quarter )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP BankAmerica )NP (VP climbed (NP 1 3\/4 )NP (PP to (NP 30 )NP )PP (SBAR after (S (NP PaineWebber )NP (VP boosted (NP (NP its investment opinion )NP (PP on (NP the stock )NP )PP )NP (PP to (NP its highest rating )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNK )NP (VP reflected (NP (NP the (ADJP 20 % )ADJP decline )NP (PP in (NP (NP shares )NP (PP of (NP the bank )NP )PP )NP )PP (SBAR since (S (NP the firm )NP (VP lowered (NP its rating )NP (PP in (NP early October )NP )PP , (PP based (PP on (NP the belief (SBAR (S (NP the stock )NP (VP had (VP become (ADJP expensive )ADJP )VP )VP )S )SBAR )NP )PP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Sea Containers )NP , (SBAR (WHNP which )WHNP (S (VP unveiled (NP a proposed restructuring )NP )VP )S )SBAR , )NP (VP advanced (NP 1 )NP (PP to (NP 62 )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP it )NP (VP would (VP (VP repurchase (NP (NP half )NP (PP of (NP its common shares )NP )PP )NP (PP at (NP (NP $ 70 )NP (NP each )NP )NP )PP )VP , (VP sell (NP (NP an estimated (QP $ 1.1 billion )QP )NP (PP in (NP assets )NP )PP )NP )VP and (VP pay (NP a special *UNK- dividend )NP (PP to (NP *UNK- holders )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Shaw Industries )NP , (SBAR (WHNP which )WHNP (S (VP agreed (S (VP to (VP acquire (NP (NP Armstrong World Industries ' )NP carpet operations )NP (PP for (NP an undisclosed price )NP )PP )VP )VP )S )VP )S )SBAR , )NP (VP rose (NP (QP 2 1\/4 )QP )NP (PP to (NP (QP 26 1\/8 )QP )NP )PP )VP . )S  STOP
(S (NP Armstrong )NP (VP added (NP 1\/8 )NP (PP to (NP 39 1\/8 )NP )PP )VP . )S  STOP
(S (NP *UNKC Corp. )NP (VP rose (NP 7\/8 )NP (PP to (NP 12 )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP agreed (S (ADVP *UNKLY )ADVP (VP to (VP be (VP acquired (PP by (NP *UNKC Corp. )NP )PP (PP in (NP (NP a stock swap )NP (VP valued (PP at (NP (QP about $ *UNKN million )QP )NP )PP )VP )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (VP gained (NP (QP 1 1\/4 )QP )NP (PP to (NP (QP 32 7\/8 )QP )NP )PP )VP . )S  STOP
(S (NP Ocean Drilling & Research )NP (VP dropped (NP (QP 1 1\/4 )QP )NP (PP to (NP (QP 21 1\/2 )QP )NP )PP (PP following (NP (NP news )NP (PP of (NP (NP a restructuring plan )NP (SBAR (WHNP that )WHNP (S (VP calls (SBAR for (S (NP the company )NP (VP to (VP (VP *UNK (NP its drilling business )NP (PP into (NP a separate company )NP )PP )VP and (VP offer (NP a (QP 15 % to 20 % )QP stake )NP (PP to (NP the public )NP )PP )VP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP The American Stock Exchange Market Value Index )NP (VP rose (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP Volume )NP (VP totaled (NP *UNKN shares )NP )VP . )S  STOP
(S (NP Imperial *UNKLY )NP (VP fell (NP (QP 1 5\/8 )QP )NP (PP to (NP (QP 27 1\/8 )QP )NP )PP (PP in (NP (NP the wake )NP (PP of (NP its third-quarter earnings report )NP )PP )NP )PP )VP . )S  STOP
(S (NP Net income )NP (VP was (ADVP down (PP from (ADVP (ADVP (NP a year )NP ago )ADVP , (SBAR (WHADVP when )WHADVP (S (NP (NP a gain )NP (PP from (NP (NP the restructuring )NP (PP of (NP a retirement plan )NP )PP )NP )PP )NP (VP boosted (NP *UNK )NP )VP )S )SBAR )ADVP )PP )ADVP )VP . )S  STOP
(S (NP (NP *UNKC Inc. )NP , (NP (NP *UNKC )NP , (NP Ill. )NP )NP , )NP (VP said (SBAR (S (NP it )NP (VP agreed (S (VP to (VP acquire (NP (NP the environmental consulting and *UNK service businesses )NP (PP of (NP (NP *UNKC Environmental Services Inc. )NP (PP of (NP (NP *UNKC )NP , (NP Conn . )NP )NP )PP )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP )S  STOP
(S (NP The utility holding company )NP (VP said (SBAR (S (NP *UNKC )NP (VP will (VP receive (NP (NP *UNKN shares )NP (PP of (NP (NP a new series )NP (PP of (NP (NP *UNKC convertible preferred stock )NP (PP with (NP (NP a face value )NP (PP of (NP (QP $ 39 million )QP )NP )PP )NP )PP )NP )PP )NP )PP )NP (PP for (NP the businesses )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP will (ADVP also )ADVP (VP assume (NP (NP (QP $ 22 million )QP )NP (PP of (NP (NP *UNKC 's )NP existing debt )NP )PP )NP )VP )VP . )S  STOP
(S (PP As (NP (NP part )NP (PP of (NP the agreement )NP )PP )NP )PP , (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP will (VP pay (NP Hunter )NP (NP (QP $ 4 million )QP )NP (PP in (NP (NP exchange )NP (PP for (NP agreements (S not (VP to (VP compete )VP )VP )S )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP (NP the businesses )NP (SBAR (S (VP to (VP be (VP acquired )VP )VP )VP )S )SBAR )NP (VP had (NP (NP revenue )NP (PP of (NP (QP $ 76 million )QP )NP )PP (PP for (NP (NP the year )NP (VP ended (NP March 31 )NP )VP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP plans (S (VP to (VP purchase (NP (NP (QP as many as 1.4 million )QP shares )NP , or (NP (NP 10 % )NP (PP of (NP (NP its common stock )NP (ADJP outstanding )ADJP )NP )PP )NP )NP (PP from (NP (NP time )NP (PP to (NP time )NP )PP )NP )PP (PP (PP on (NP the open market )NP )PP and (PP through (NP privately negotiated transactions )NP )PP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The company )NP , (SBAR (WHNP which )WHNP (S (ADVP currently )ADVP (VP has (NP (NP (QP *UNKN million )QP common shares )NP (ADJP outstanding )ADJP )NP )VP )S )SBAR , )NP (VP said (SBAR (S (NP it )NP (VP has (NP (NP no specific plans )NP (PP for (NP the shares )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC AND *UNKC )NP (VP *UNKC (VP *UNKC (NP (NP two days )NP (PP of (NP informal talks )NP )PP )NP (NP next month )NP )VP )VP . )S  STOP
(S (NP The president )NP (VP said (SBAR that (S (NP (NP he )NP and (NP the *UNKC leader )NP )NP (VP would (VP meet (NP Dec. *UNKN )NP (PP *UNK (NP (NP (UCP U.S. and Soviet )UCP naval *UNK )NP (PP in (NP the *UNKC )NP )PP )NP )PP (S (VP to (VP discuss (NP (NP a wide range )NP (PP of (NP issues )NP )PP )NP (PP without (NP a formal agenda )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP A *UNK announcement )NP (VP was (VP made (PP in (NP Moscow )NP )PP )VP )VP . )S  STOP
(S (NP Bush )NP (VP said (SBAR that (S (NP neither he nor Gorbachev )NP (VP expected (NP any `` substantial decisions or agreements )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP The *UNK meetings )NP (VP wo n't (VP *UNK (NP (NP plans )NP (PP for (NP (NP a formal summit )NP (NP next spring or summer )NP , (SBAR (WHPP at (WHNP which )WHNP )WHPP (S (NP an *UNK- treaty )NP (VP is (ADJP likely (S (VP to (VP be (VP completed )VP )VP )VP )S )ADJP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP The two leaders )NP (VP are (VP expected (S (VP to (VP discuss (NP (NP (NP changes )NP (VP sweeping (NP the East bloc )NP )VP )NP (CONJP as well as )CONJP (NP (NP *UNK- issues )NP , (NP regional disputes )NP and (NP economic cooperation )NP )NP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Israel 's )NP army )NP (VP lifted (NP (NP a *UNK )NP (PP around (NP (NP a *UNKC town )NP (PP in (NP the *UNKED West Bank )NP )PP )NP )PP )NP , (S (VP ending (NP (NP a *UNK- campaign )NP (PP of (S (VP *UNKING (NP (NP cars )NP , (NP furniture )NP and (NP other goods )NP )NP (S (VP to (VP *UNK (NP a tax *UNK )NP )VP )VP )S )VP )S )PP )NP )VP )S )VP . )S  STOP
(S (SBAR While (S (NP residents )NP (VP claimed (NP a victory )NP )VP )S )SBAR , (NP military authorities )NP (VP said (SBAR (S (NP they )NP (VP had (VP *UNKED (NP (NP the equivalent )NP (PP of (NP (NP (QP more than $ 1.5 million )QP )NP (SBAR (S (VP to (VP make (PRT up )PRT (PP for (NP the *UNK taxes )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (ADJP East German )ADJP leader Krenz )NP (VP arrived (PP in (NP Moscow )NP )PP (PP for (NP (NP talks )NP (NP today )NP (PP with (NP Gorbachev )NP )PP (PP on (NP restructuring proposals )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP East Berlin )NP )PP , (NP Communist Party officials )NP (VP considered (S (VP *UNKING (NP (NP New *UNKC )NP , (NP (NP the country 's )NP largest opposition alliance )NP )NP )VP )S , (SBAR as (S (NP (QP about 20,000 )QP *UNK )NP (VP *UNKED (NP protests )NP (PP in (NP three cities )NP )PP (S (VP to (VP press (NP (NP demands )NP (PP for (NP democratic *UNK )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The House )NP (VP approved (NP (NP a permanent smoking ban )NP (PP on (NP (ADJP nearly all )ADJP domestic airline routes )NP )PP )NP (PP as (NP (NP part )NP (PP of (NP (NP a (ADJP (QP $ *UNKN billion )QP )ADJP transportation bill )NP (SBAR (WHNP that )WHNP (S (VP must (ADVP still )ADVP (VP overcome (NP (NP budget obstacles )NP (PP in (NP Congress )NP )PP )NP )VP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP The chamber )NP (ADVP also )ADVP (VP sent (PP to (NP Bush )NP )PP (NP (NP a (ADJP (QP nearly $ 67 billion )QP )ADJP fiscal 1990 measure )NP (SBAR (WHNP that )WHNP (S (VP includes (NP (NP the first construction funds )NP (PP for (NP a space station )NP )PP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Nicaragua 's )NP Ortega )NP (VP postponed (PP until (NP today )NP )PP (NP (NP a decision )NP (PP on (SBAR whether (S (VP to (VP end (NP (NP a *UNK- *UNK- )NP (PP in (NP (NP the conflict )NP (PP with (NP the Contra rebels )NP )PP )NP )PP )NP )VP )VP )S )SBAR )PP )NP )VP . )S  STOP
(S (PP In (NP Washington )NP )PP , (S (NP the Senate )NP (VP voted (S (VP to (VP *UNK (NP (NP Ortega 's )NP threat (S (VP to (VP cancel (NP the *UNK )NP )VP )VP )S )NP )VP )VP )S )VP )S , and (S (NP Bush )NP (VP said (SBAR (S (NP he )NP (VP would (VP review (NP (NP U.S. policy )NP (PP toward (NP *UNKC )NP )PP , (PP including (NP (NP the possibility )NP (PP of (S (VP *UNKING (NP (NP military aid )NP (PP to (NP the rebels )NP )PP )NP )VP )S )PP )NP )PP )NP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP Chinese leader *UNKC )NP (VP told (NP former President Nixon )NP (SBAR that (S (NP the U.S. )NP (VP was (ADVP deeply )ADVP (VP involved (PP in (NP (NP `` the (NX (NX turmoil )NX and (NX *UNK *UNK )NX )NX '' )NP (SBAR (WHNP that )WHNP (S (VP *UNKED (NP Beijing )NP (NP last spring )NP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Nixon )NP , (PP on (NP (NP the fourth day )NP (PP of (NP (NP a private visit )NP (PP to (NP China )NP )PP )NP )PP )NP )PP , (VP said (SBAR that (S (NP (NP damage )NP (PP to (NP *UNKC relations )NP )PP )NP (VP was (ADJP `` very great , '' )ADJP )VP )S )SBAR (S (VP calling (S (NP the situation )NP (NP (NP `` the most serious '' )NP (PP since (NP 1972 )NP )PP )NP )S )VP )S )VP . )S  STOP
(S (NP (NP *UNKC 's )NP troops )NP (VP broke (PP through (NP (NP a *UNK *UNK )NP (PP on (NP the strategic *UNKC *UNKC )NP )PP )NP )PP , (S (VP allowing (S (NP (NP trucks )NP (VP carrying (NP (NP food )NP and (NP other *UNK )NP )NP )VP )NP (VP to (VP reach (NP Kabul )NP (PP after (NP (NP a missile attack )NP (PP on (NP *UNK *UNK )NP )PP )NP )PP )VP )VP )S )VP )S )VP . )S  STOP
(S (NP (NP The *UNK )NP (PP of (NP (QP about 100 )QP vehicles )NP )PP )NP (VP was (NP (NP the first )NP (SBAR (S (VP to (VP make (NP *UNK )NP (PP to (NP the capital )NP )PP (PP in (NP (QP about 10 )QP days )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Turkey 's )NP legislature )NP (VP elected (NP Prime Minister *UNKC )NP (PP as (NP (NP (NP the country 's )NP first *UNK president )NP (PP since (NP *UNKN )NP )PP )NP )PP , (S (VP opening (NP (NP the way )NP (PP for (NP (NP a change )NP (PP of (NP government )NP )PP (PP under (NP (NP a new *UNK )NP (SBAR (S (NP he )NP (VP will (VP select )VP )VP )S )SBAR )NP )PP )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP (NP The vote )NP (PP in (NP *UNKC )NP )PP )NP (VP was (VP *UNKED (PP by (NP (NP opposition politicians )NP , (SBAR (WHNP who )WHNP (S (VP vowed (S (VP to (VP oust (NP *UNKC )NP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP He )NP (VP begins (NP his *UNK- term )NP (NP Nov. 9 )NP , (S (VP succeeding (NP *UNKC *UNKC )NP )VP )S )VP . )S  STOP
(S (NP (NP South Africa 's )NP government )NP (VP dismissed (NP (NP demands )NP (PP by (NP (NP *UNKING *UNKC )NP , (NP (NP the nation 's )NP main opposition party )NP , )NP )PP (PP for (NP (NP emergency talks )NP (PP on (NP (NP (NP *UNKC 's )NP recent *UNK )NP (PP of (NP *UNK )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The government )NP (ADVP also )ADVP (VP urged (S (NP whites )NP (VP to (VP *UNK (PP from (NP (NP panic )NP (PP over (NP (NP growing black protests )NP , (PP such as (NP (NP the massive *UNK- rally )NP (NP Sunday )NP (PP on (NP (NP the *UNK )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP )PP )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP in (NP Belgium )NP )PP )NP (VP said (SBAR (S (NP they )NP (VP have (VP developed (NP (NP a genetic engineering technique )NP (PP for (S (VP creating (NP hybrid plants )NP (PP for (NP (NP a number )NP (PP of (NP (NP crops )NP , (PP such as (NP cotton , *UNK and rice )NP )PP )NP )PP )NP )PP )VP )S )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The scientists )NP (PP at (NP Plant *UNKC Systems N.V. )NP )PP )NP (VP isolated (NP (NP a gene )NP (SBAR (WHNP that )WHNP (S (VP could (VP lead (PP to (NP (NP a generation )NP (PP of (NP (NP plants )NP (VP *UNKING (NP a *UNK- *UNK )NP )VP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP A *UNK )NP (VP *UNKED (PP at (NP (NP a *UNK union *UNK )NP (PP in (NP San *UNKC )NP )PP )NP )PP , (S (VP (VP killing (NP (QP at least eight )QP people )NP )VP and (VP *UNKING (NP (NP (QP about 30 )QP others )NP , (PP including (NP two Americans )NP )PP )NP )VP )VP )S )VP )S , (NP authorities )NP (VP said )VP . )S  STOP
(S (NP (NP The *UNK )NP , (SBAR (WHNP which )WHNP (S (VP *UNKED (NP (NP the opposition labor group 's )NP offices )NP )VP )S )SBAR , )NP (VP was (NP (NP the latest )NP (PP in (NP (NP a series )NP (PP of (NP attacks )NP )PP )NP )PP (PP in (NP (NP El *UNKC 's )NP *UNK- civil war )NP )PP )NP )VP . )S  STOP
(S (NP (NP Hungary 's )NP Parliament )NP (VP voted (S (VP to (VP hold (NP (NP a national *UNK )NP (PP on (NP (NP an election )NP (SBAR (S (VP to (VP fill (NP (NP the new post )NP (PP of (NP president )NP )PP )NP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP The *UNKING )NP (SBAR (S (VP to (VP decide (SBAR (WHADVP when and how )WHADVP (S (VP to (VP fill (NP (NP the position )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP a *UNK presidency )NP (PP under (NP (NP a pact )NP (VP signed (PP by (NP (NP the ruling *UNKC )NP and (NP opposition groups )NP )NP )PP )VP )NP )PP )VP )S )SBAR , )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP (VP is (S (VP to (VP be (VP held (NP *UNKC . )NP )VP )VP )VP )S )VP )S  STOP
(S (NP The State Department )NP (VP denied (NP *UNK )NP (PP to (NP (NP a *UNKC man )NP (SBAR (WHNP who )WHNP (S (VP *UNKED (PP from (NP his *UNK )NP )PP (PP by (S (VP *UNKING (NP himself )NP (PP to (NP (NP the *UNK housing )NP (PP of (NP a *UNK )NP )PP )NP )PP (PP for (NP (NP two days )NP (PP in (NP *UNK *UNK )NP )PP )NP )PP )VP )S )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP A spokesman )NP (PP for (NP (NP Democratic Sen. *UNKC )NP (PP of (NP *UNKC Island )NP )PP )NP )PP )NP (VP said , (ADVP however )ADVP , (SBAR that (S (NP the *UNKC and *UNKC Service )NP (VP would (VP review (NP (NP the *UNK 's )NP request )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC *UNKC Inc. )NP (VP said (SBAR (S (NP net income )NP (VP jumped (PP to (NP (NP (QP $ 6.6 million )QP )NP , or (NP (NP 18 cents )NP (NP a share )NP )NP , )NP )PP (PP in (NP the third quarter )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The *UNKC , N.J. , company )NP , (SBAR (WHNP which )WHNP (S (VP is (ADJP *UNKED (PP by (NP (NP *UNKC Corp. )NP , (NP New York )NP , )NP )PP )ADJP )VP )S )SBAR )NP (VP had (NP (NP net )NP (PP of (NP (NP (QP $ 1.1 million )QP )NP , or (NP (NP four cents )NP (NP a share )NP )NP , )NP (ADVP (NP a year )NP ago )ADVP )PP )NP )VP . )S  STOP
(S (NP Revenue )NP (VP soared (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP whose shares )WHNP (S (VP began (S (VP trading (PP on (NP the New York Stock Exchange )NP )PP (PP in (NP August )NP )PP )VP )S )VP )S )SBAR , )NP (VP closed (NP yesterday )NP (PP at (NP $ *UNKN )NP )PP , (ADVP down (NP 75 cents )NP )ADVP )VP . )S  STOP
(S (NP The stock )NP (VP began (S (VP trading (NP this summer )NP (PP at (NP (NP $ 14 )NP (ADVP apiece )ADVP )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP Ogden *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP has (NP (NP interests )NP (PP in (NP (NP *UNK- recovery )NP and (NP *UNK- cleanup )NP )NP )PP )NP )VP )S )SBAR , )NP (VP said (SBAR (S (NP it )NP (VP has (S (NP 13 facilities )NP (PP in (NP operation )NP )PP )S , (ADVP up (PP from (NP seven )NP (ADVP (NP a year )NP ago )ADVP )PP )ADVP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP Ogden Corp. )NP , (SBAR (WHNP which )WHNP (S (ADVP also )ADVP (VP has (NP (NP interests )NP (PP in (NP building maintenance and management )NP )PP )NP )VP )S )SBAR , )NP (VP reported (NP (NP third-quarter net income )NP (PP of (NP (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 67 cents )NP (NP a share )NP )NP , )NP (NP (NP (QP more than twice the $ *UNKN million )QP )NP , or (NP (NP 34 cents )NP (NP a share )NP )NP , (ADVP (NP a year )NP earlier )ADVP )NP )NP )PP )NP )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP 33 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (S (PP Under (NP (NP attack )NP (PP by (NP (NP its own listed companies )NP and (NP powerful floor traders )NP )NP )PP )NP )PP )S , (NP the New York Stock Exchange )NP (VP is (VP considering (S (VP *UNKING (NP (NP a `` *UNK '' )NP (PP on (NP program trading )NP )PP (SBAR (WHNP that )WHNP (S (NP it )NP (VP abandoned (NP last year )NP )VP )S )SBAR )NP )VP )S , (PP according (PP to (NP (NP people )NP (ADJP familiar (PP with (NP the Big Board )NP )PP )ADJP )NP )PP )PP )VP )VP . )S  STOP
(S (S (NP The exchange )NP (ADVP also )ADVP (VP may (VP step (PRT up )PRT (NP (NP its disclosure )NP (PP of (NP (NP firms )NP (VP engaged (PP in (NP program trading )NP )PP )VP )NP )PP )NP )VP )VP )S , (NP these people )NP (VP said )VP . )S  STOP
(S (NP Big Board officials )NP (VP would n't (VP comment (ADVP publicly )ADVP )VP )VP . )S  STOP
(S But (PP in (NP (NP an interview )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP he )NP (VP called (S (NP (NP the stock market 's )NP volatility )NP (NP a `` national problem )NP )S )VP )S )SBAR )NP )PP , '' (NP Big Board Chairman John J. Phelan Jr. )NP (VP said , `` (S (NP We )NP (VP are (VP going (S (VP to (VP try (S (VP to (VP do (NP (NP some things )NP )NP (PP in (NP the short *UNK term )NP )PP '' (S (VP to (VP help (NP the situation )NP )VP )VP )S )VP )VP )S )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP Mr. Phelan )NP (VP has (VP been (VP viewed (PP by (NP many exchange members )NP )PP (PP as (S (VP being (ADJP *UNK (PP to (NP (NP *UNK- swings )NP (VP caused (PP by (NP program trades )NP )PP )VP )NP )PP )ADJP )VP )S )PP )VP )VP )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP he )NP (VP is (ADJP `` very surprised '' (PP by (NP (NP the *UNK )NP (PP over (NP (NP program trading )NP and (NP (NP (NP the exchange 's )NP role )NP (PP in (NP it )NP )PP )NP )NP )PP (SBAR (WHNP that )WHNP (S (VP has (VP *UNKED (PP in (NP recent days )NP )PP )VP )VP )S )SBAR )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Phelan )NP (VP said (SBAR (SBAR that (S (NP the Big Board )NP (VP has (VP been (VP trying (S (VP to (VP deal (ADVP quietly )ADVP (PP with (NP the issue )NP )PP )VP )VP )S )VP )VP )VP )S )SBAR , but (SBAR that (S (S (VP banning (NP *UNKED trading strategies )NP (ADVP entirely )ADVP , (SBAR as (S (NP some investors )NP (VP want )VP )S )SBAR , )VP )S (VP would (VP be (PP like `` (S (VP (VP taking (NP everybody )NP (PP out (PP of (NP an automobile )NP )PP )PP )VP and (VP making (S (NP them )NP (VP ride (NP a horse )NP )VP )S )VP )VP )S )PP )VP )VP )S )SBAR )SBAR )VP . '' )S  STOP
(S (S (NP The exchange )NP (VP has (NP (NP a board meeting )NP (VP scheduled (PP for (NP tomorrow )NP )PP )VP )NP )VP )S , and (S (NP it )NP (VP is (VP expected (SBAR that (S (NP some public announcement )NP (VP could (VP be (VP made (PP after (NP that )NP )PP )VP )VP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (NP Big Board officials )NP (VP have (VP been (PP under (NP (NP *UNK )NP (PP from (NP both (NP investors )NP and (NP (NP the exchange 's )NP own floor traders )NP )NP )PP )NP )PP (PP since (NP (NP (NP the Dow Jones Industrial Average 's )NP 190-point tumble )NP (PP on (NP Oct. 13 )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP Mr. Phelan )NP (VP has n't (VP been (VP making (NP public remarks )NP (PP in (NP recent days )NP )PP )VP )VP )VP )S , and (S (NP many people )NP (VP have (VP urged (NP him )NP (S (VP to (VP take (NP (NP more )NP (PP of (NP (NP a leadership role )NP (PP on (NP the program trading issue )NP )PP )NP )PP )NP )VP )VP )S )VP )VP )S . )S  STOP
(S (SBAR (WHNP What )WHNP (S (NP the Big Board )NP (VP is (VP considering )VP )VP )S )SBAR (VP is (VP *UNKING (NP (NP a `` *UNK '' )NP (PP on (NP program trading )NP )PP (SBAR (WHADVP when )WHADVP (S (NP the market )NP (VP moves (ADVP significantly )ADVP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP Early last year )NP , (PP after (NP (NP a *UNK- , *UNK- drop )NP (PP in (NP the Dow )NP )PP )NP )PP , (NP the Big Board )NP (VP *UNKED (NP (NP the *UNK )NP , (SBAR (WHNP which )WHNP (S (VP banned (NP (NP program trading )NP (PP through (NP (NP the Big Board 's )NP computers )NP )PP )NP (SBAR (WHADVP *UNK )WHADVP (S (NP the Dow )NP (VP moved (NP 50 points )NP (ADVP up or down )ADVP (PP in (NP a day )NP )PP )VP )S )SBAR )VP )S )SBAR )NP )VP . )S  STOP
(S (NP It )NP (VP did n't (VP work )VP )VP . )S  STOP
(S `` (S (NP The *UNK )NP (VP was (VP *UNKED (PP on (NP (NP a number )NP (PP of (NP *UNK )NP )PP )NP )PP , '' (S (VP meaning (SBAR (S (NP securities firms )NP (VP figured (PRT out )PRT (NP (NP ways )NP (SBAR (S (VP to (VP (VP conduct (NP program trades )NP (S (VP to (VP *UNK (NP the *UNK )NP )VP )VP )S )VP and (VP use (NP (NP the Big Board 's )NP electronic trading system )NP )VP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )S )VP )VP )S , (NP Mr. Phelan )NP (VP said )VP . )S  STOP
(S (NP That )NP (VP was (SBAR (WHADVP when )WHADVP (S (NP the exchange )NP (VP took (NP a new *UNK )NP (PP by (S (VP publishing (NP (NP monthly statistics )NP (VP listing (NP the top 15 program trading firms )NP )VP )NP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Exchange officials )NP (VP *UNKED (SBAR that (S (NP the Big Board )NP (VP is (VP considering (NP (NP a variety )NP (PP of (NP (NP actions )NP (SBAR (S (VP to (VP deal (PP with (NP program trading )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP People )NP (ADJP familiar (PP with (NP the exchange )NP )PP )ADJP )NP (VP said (SBAR (S (NP (NP another idea )NP (ADJP likely (S (VP to (VP be (VP approved )VP )VP )VP )S )ADJP )NP (VP is (S (VP expanding (NP (NP the monthly reports )NP (PP on (NP program trading )NP )PP )NP (S (VP to (VP cover (UCP (NP (NP specific (NX (NX days )NX or (NX even hours )NX )NX )NP (PP of (NP heavy program trading )NP )PP )NP and (SBAR (WHNP who )WHNP (S (VP was (VP doing (NP it )NP )VP )VP )S )SBAR )UCP )VP )VP )S )VP )S )VP )S )SBAR )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP another big Wall Street brokerage firm )NP (VP joined (NP (NP others )NP (SBAR (WHNP that )WHNP (S (VP have (VP been (VP pulling (PRT back )PRT (PP from (NP program trading )NP )PP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP American Express Co. 's )NP Shearson Lehman Hutton Inc. unit )NP (VP said (SBAR (S (NP it )NP (VP *UNKED (NP (NP all *UNK- program trading )NP (PP for (NP client accounts )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP stock-index arbitrage )NP )PP , (NP traders )NP (VP buy and sell (NP (NP large amounts )NP (PP of (NP (NP stock )NP (PP with (NP (NP offsetting trades )NP (PP in (NP stock-index futures )NP )PP )NP )PP )NP )PP )NP (S (VP to (VP profit (PP from (NP (NP *UNKING price *UNK )NP (PP between (NP the two markets )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP Shearson )NP , (SBAR (WHNP which )WHNP (S (PP in (NP September )NP )PP (VP was (NP (NP the *UNK- program trader )NP (PP on (NP the Big Board )NP )PP )NP )VP )S )SBAR , )NP (VP had (ADVP already )ADVP (VP suspended (NP (NP stock-index arbitrage )NP (PP for (NP its own account )NP )PP )NP )VP )VP . )S  STOP
(S (ADVP Also )ADVP , (S (NP (NP (NP *UNK First Boston Inc. 's )NP First Boston Corp. unit )NP , (NP (NP the *UNK- program trader )NP (PP in (NP September )NP )PP )NP , )NP (VP is `` (VP preparing (NP (NP a response '' )NP (PP to (NP the program-trading outcry )NP )PP )NP )VP )VP )S , (NP (NP officials )NP (PP of (NP the firm )NP )PP )NP (VP said )VP . )S  STOP
(S (NP First Boston )NP (VP is (NP (NP one )NP (PP of (NP (NP the few major Wall Street firms )NP (SBAR (WHNP that )WHNP (S (VP have n't (VP pulled (PRT back )PRT (PP from (NP program trading )NP )PP (PP in (NP recent days )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP Mr. Phelan )NP (VP is (NP (NP an *UNK *UNK )NP (SBAR (WHNP who )WHNP (S (ADVP normally )ADVP (VP appears (S (VP to (VP be (ADVP *UNKLY )ADVP (PP in (NP (NP control )NP (PP of (NP (NP the Big Board 's )NP *UNK )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S But (NP he )NP (VP has (VP been (VP getting (NP heat )NP (PP from (NP all sides )NP )PP (PP over (NP program trading )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP Mr. Phelan 's )NP recent remarks (SBAR that (S (NP investors )NP (ADVP simply )ADVP (VP must (VP get (VP used (PP to (NP (NP the stock-market volatility )NP (PP from (NP program trading )NP )PP )NP )PP )VP )VP )VP )S )SBAR )NP (VP have (VP drawn (NP criticism )NP (PP (PP from both (NP (NP (NP the exchange 's )NP stock specialists )NP , (SBAR (WHNP who )WHNP (S (VP make (NP markets )NP (PP in (NP individual stocks )NP )PP )VP )S )SBAR , )NP )PP and (PP from (NP (NP many companies )NP (SBAR (WHNP that )WHNP (S (VP have (NP (NP shares )NP (VP listed (PP on (NP the Big Board )NP )PP )VP )NP )VP )S )SBAR )NP )PP )PP )VP )VP . )S  STOP
(S (NP Mr. Phelan )NP (VP said (SBAR that (S (S (NP his )NP (VP predicting (NP continued volatility )NP )VP )S (VP is (ADVP just )ADVP `` (SBAR (WHADVP how )WHADVP (S (NP the world )NP (VP is )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (SBAR If (S (S (VP bringing (NP the message )NP )VP )S (VP is (NP a crime )NP )VP )S )SBAR , (NP I )NP (VP 'm (ADJP guilty (PP of (NP it )NP )PP )ADJP )VP . '' )S  STOP
(S But (NP he )NP (VP said (SBAR (S (NP this )NP (VP does n't (VP mean (SBAR (S (NP he )NP (VP is (ADJP *UNKED (PP with (NP (NP the market 's )NP big swings )NP )PP )ADJP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP We )NP (VP 're (VP trying (S (VP to (VP take (NP care )NP (PP of (NP (NP a *UNK )NP (PP of (NP (NP a lot )NP (PP of (NP *UNK )NP )PP )NP )PP )NP )PP )VP )VP )S )VP )VP )S , '' (NP Mr. Phelan )NP (VP said )VP . )S  STOP
(S `` (NP Each one )NP (VP has (NP a different agenda )NP )VP . '' )S  STOP
(S (PP For (NP example )NP )PP , (PP in (NP (NP a special meeting )NP (NP Monday )NP (PP with (NP Mr. Phelan )NP )PP )NP )PP , (NP (NP senior officials )NP (PP of (NP (NP some )NP (PP of (NP (NP the Big Board 's )NP 49 stock specialist firms )NP )PP )NP )PP )NP (VP complained (SBAR that (S (NP the exchange )NP (VP is (ADVP no longer )ADVP (VP representing (NP their interests )NP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP We )NP (VP are (VP looking (PP for (NP (NP *UNK )NP (SBAR (S (NP we )NP (VP have n't (VP had )VP )VP )S )SBAR )NP )PP )VP )VP )S , '' (NP a specialist )NP (VP said )VP . )S  STOP
(S `` (NP We )NP (VP 've (VP had (NP *UNK )NP )VP )VP . '' )S  STOP
(S (PP After (NP (NP another session )NP (SBAR (S (NP Mr. Phelan )NP (VP held (NP yesterday )NP (PP with (NP (NP major brokerage firms )NP (PP such as (NP (NP (NP Morgan Stanley & Co. )NP , (NP Goldman , Sachs & Co. )NP , (NP PaineWebber Group Inc. )NP and (NP First Boston )NP )NP (PRN -- (SBAR (WHNP all (WHPP of (WHNP which )WHNP )WHPP )WHNP (S (VP have (VP engaged (PP in (NP program trading )NP )PP )VP )VP )S )SBAR -- )PRN )NP )PP )NP )PP )VP )S )SBAR )NP )PP (NP (NP an executive )NP (PP of (NP a top brokerage firm )NP )PP )NP (VP said , (S `` (ADVP *UNKLY )ADVP , (NP the firms )NP (VP want (S (NP the exchange )NP (VP to (VP take (NP leadership )NP )VP )VP )S )VP )S )VP . '' )S  STOP
(S (NP Many specialist firms )NP (VP *UNK (NP (NP (NP the Big Board 's )NP new `` basket '' product )NP (SBAR (WHNP that )WHNP (S (VP allows (S (NP institutions )NP (VP to (VP buy or sell (NP (NP all stocks )NP (PP in (NP the (NP Standard & Poor 's )NP 500-stock index )NP )PP )NP (PP in (NP one shot )NP )PP )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP the specialists )NP (VP view (NP this )NP (PP as (NP (NP yet another step )NP (PP toward (NP electronic trading )NP )PP (SBAR (WHNP that )WHNP (S (VP could (ADVP eventually )ADVP (VP destroy (NP their franchise )NP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(SINV `` (S (NP His (PRN -LCB- (NP Phelan 's )NP -RCB- )PRN own interests )NP (VP are (PP in (S (VP building (NP an electronic marketplace )NP )VP )S )PP )VP )S , '' (VP said )VP (NP a market maker )NP . )SINV  STOP
(S (NP The basket product )NP , (SBAR while (S (NP it )NP (VP has (VP got (PRT off )PRT (PP to (NP a slow start )NP )PP )VP )VP )S )SBAR , (VP is (VP being (VP supported (PP by (NP (NP some big brokerage firms )NP -- (NP (NP another member )NP (PP of (NP (NP Mr. Phelan 's )NP *UNKED *UNK )NP )PP )NP )NP )PP )VP )VP )VP . )S  STOP
(S (NP Mr. Phelan )NP (VP has (VP had (NP (NP difficulty )NP (S (VP *UNKING (NP the public )NP (SBAR that (S (NP the Big Board )NP (VP is (ADJP serious (PP about (S (VP *UNKING (NP volatility )NP )VP )S )PP )ADJP )VP )S )SBAR , (SBAR (ADVP especially )ADVP as (S (NP the exchange )NP (ADVP clearly )ADVP (VP *UNK (NP (NP its role )NP (PP as (NP (NP the home )NP (PP for (NP (NP (QP $ 200 billion )QP )NP (PP in (NP (NP stock-index funds )NP , (SBAR (SBAR (WHNP which )WHNP (S (VP buy (NP (NP huge baskets )NP (PP of (NP stocks )NP )PP )NP (S (VP to (VP *UNK (NP (NP popular stock-market indexes )NP (PP like (NP the (NP Standard & Poor 's )NP 500 )NP )PP )NP )VP )VP )S )VP )S )SBAR , and (SBAR (WHNP which )WHNP (S (ADVP sometimes )ADVP (VP *UNK (NP program trading )NP )VP )S )SBAR )SBAR )NP )PP )NP )PP )NP )PP )NP )VP )S )SBAR )VP )S )NP )VP )VP . )S  STOP
(S (S (NP The Big Board )NP (VP wants (S (VP to (VP keep (NP such index funds )NP (PP from (S (VP *UNKING (PP to (NP overseas markets )NP )PP )VP )S )PP )VP )VP )S , but (SBAR only as long as (S (NP it )NP `` (VP *UNK (NP it )NP (ADVP *UNKLY )ADVP )VP )S )SBAR )VP )S , '' (NP Mr. Phelan )NP (VP said )VP . )S  STOP
(S (S (PP Despite (SBAR (WHNP what )WHNP (S (NP some investors )NP (VP are (VP suggesting )VP )VP )S )SBAR )PP , (NP the Big Board )NP (VP is n't (ADVP even )ADVP (VP considering (NP (NP a total ban )NP (PP on (NP (NP program trading )NP or (NP stock futures )NP )NP )PP )NP )VP )VP )S , (NP exchange officials )NP (VP said )VP . )S  STOP
(SINV (S (NP (NP Most *UNK )NP (SBAR (S (NP it )NP (VP will (VP *UNK )VP )VP )S )SBAR )NP (VP will (VP be (VP *UNKED (PP toward (S (VP slowing (PRT down )PRT (NP program trading )NP (PP during (NP *UNK periods )NP )PP )VP )S )PP )VP )VP )VP )S , (VP said )VP (NP (NP officials )NP (VP working (PP with (NP the exchange )NP )PP )VP )NP . )SINV  STOP
(S (S (NP *UNKC )NP (VP have (VP made (S (NP trading )NP (ADJP more rapid )ADJP )S )VP )VP )S , but (S (NP that )NP (VP can (VP be (VP fixed (PP with (NP some *UNKING )NP )PP )VP )VP )VP )S . )S  STOP
(S `` (S (NP I )NP (VP think (SBAR (S (SBAR if (S (NP you )NP (VP -LCB- can -RCB- (VP speed (NP things )NP (PRT up )PRT )VP )VP )S )SBAR , (NP you )NP (VP can (VP slow (NP them )NP (PRT down )PRT )VP )VP )S )SBAR )VP )S , '' (NP Mr. Phelan )NP (VP said )VP . )S  STOP
(S `` (NP That )NP (VP 's (ADJP (ADJP different )ADJP (PP than (S (VP *UNKING (NP them )NP )VP )S )PP )ADJP )VP . '' )S  STOP
(S (SBAR While (S (NP volatility )NP (VP wo n't (VP go (ADVP away )ADVP )VP )VP )S )SBAR (PRN , (S (NP he )NP (VP said )VP )S , )PRN `` (NP *UNKC )NP (VP is (ADJP (ADJP greater )ADJP (PP than (NP program trading )NP )PP )ADJP )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (NP I )NP (VP 'm (VP trying (S (VP to (VP say (PP to (NP people )NP )PP )VP )VP )S )VP )VP )S )SBAR (VP is , (SBAR (S (S (NP (NP it )NP )NP (VP 's (ADJP proper )ADJP (S (VP to (VP worry (PP about (NP program trading )NP )PP )VP )VP )S )VP )S , but (S (NP it )NP (VP 's (ADVP only )ADVP (NP (NP a piece )NP (PP of (NP the business )NP )PP )NP )VP )S )S )SBAR )VP . '' )S  STOP
(S (PP For (NP example )NP )PP , (NP Mr. Phelan )NP (VP said (SBAR that (S (NP big institutions )NP (VP have (NP (NP (ADJP so much )ADJP control )NP (PP over (NP public investments )NP )PP (SBAR that (S (NP they )NP (VP can (VP cause (NP (NP big swings )NP (PP in (NP the market )NP )PP )NP , (ADVP regardless (PP of (NP index arbitrage )NP )PP )ADVP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP (NP A lot )NP (PP of (NP people )NP )PP )NP (VP would (VP like (S (VP to (VP go (ADVP back )ADVP (PP to (NP (NP *UNKN )NP , '' (PP before (NP program trading )NP )PP )NP )PP )VP )VP )S )VP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S `` (NP I )NP (VP would (VP like (S (VP to (VP go (ADVP back )ADVP (PP to (NP 1970 )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S But (NP we )NP (VP 're not (VP going (ADVP back )ADVP (PP to (NP 1970 )NP )PP )VP )VP . '' )S  STOP
(S (ADVP Indeed )ADVP , (NP Mr. Phelan )NP (VP said (SBAR that (S (SBAR if (S (NP stock-market volatility )NP (VP *UNK )VP )S )SBAR , (NP the U.S. )NP (VP may (VP lose (NP (NP its edge )NP (PP as (S (VP being (NP (NP the best place )NP (SBAR (S (VP to (VP raise (NP capital )NP )VP )VP )S )SBAR )NP )VP )S )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP (NP Japan 's )NP markets )NP (VP are (ADJP more stable )ADJP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S `` (SBAR If (S (NP that )NP (VP continues )VP )S )SBAR , (NP (NP a significant number )NP (PP of (NP -LCB- U.S. . -RCB- companies )NP )PP )NP (VP will (VP go (PP over (NP there )NP )PP (S (VP to (VP raise (NP money )NP )VP )VP )S )VP )VP . '' )S  STOP
(S (PP In (NP coming days )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP the Big Board )NP (VP *UNK (NP (NP its *UNK )NP (PP to (NP the program-trading problem )NP )PP )NP )VP )S )SBAR , (NP Mr. Phelan )NP (VP may (VP take (NP (NP a more public role )NP (PP in (NP the issue )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Lewis L. *UNKC )NP , (NP (NP vice chairman )NP (PP of (NP (NP Smith Barney )NP , (NP Harris Upham )NP & (NP Co. )NP )NP )PP )NP , )NP (VP said : `` (S (NP This )NP (VP is (NP (NP a problem )NP (SBAR (WHNP that )WHNP (S (VP 's (VP taking (PRT on )PRT (NP (NP a life )NP (PP of (NP its own )NP )PP )NP )VP )VP )S )SBAR )NP )VP )S )VP . )S  STOP
(S (S (NP The program trading situation )NP (VP seems (S (VP to (VP have (VP driven (NP (NP individual investors )NP (CONJP as well as )CONJP (NP others )NP )NP (PP out (PP of (NP the market )NP )PP )PP )VP )VP )VP )S )VP )S , and (S (NP even Europeans )NP (VP are (ADJP *UNK )ADJP )VP )S . )S  STOP
(S (NP The exchange )NP (VP should (VP take (NP a *UNK- position )NP )VP )VP . '' )S  STOP
(S (PP For (NP now )NP )PP , (ADVP however )ADVP , (NP Mr. Phelan )NP (VP said : `` (S (NP I )NP (VP refuse (S (VP to (VP (VP get (PP out (NP there )NP )PP )VP and (VP tell (NP everybody )NP (SBAR (S (NP everything )NP (VP is (ADJP *UNK- )ADJP )VP )S )SBAR )VP )VP )VP )S )VP )S )VP . )S  STOP
(S (S (NP We )NP (VP have (NP a major problem )NP )VP )S , and (S (NP that problem )NP (VP is (NP volatility )NP )VP )S . '' )S  STOP
(S (NP Craig *UNKC )NP (VP contributed (PP to (NP this article )NP )PP )VP . )S  STOP
(S (NP A *UNKC *UNKC *UNKC )NP (VP has (VP been (VP worked (PRT out )PRT (PP by (NP Congress and Bush )NP )PP , (S (VP opening (NP (NP the way )NP (PP for (NP (NP the first increase )NP (PP in (NP (QP over nine )QP years )NP )PP )NP )PP )NP )VP )S )VP )VP )VP . )S  STOP
(S (NP (NP The compromise proposal )NP , (VP ending (NP (NP a long *UNK )NP (PP between (NP (NP Democrats )NP and (NP the president )NP )NP )PP )NP )VP , )NP (VP would (VP boost (NP the minimum wage )NP (PP to (NP (NP $ 4.25 )NP (NP an hour )NP )NP )PP (PP by (NP April 1991 )NP )PP (PP from (NP (NP $ *UNKN )NP (NP now )NP )NP )PP )VP )VP . )S  STOP
(S (NP The legislation )NP (ADVP also )ADVP (VP includes (NP (NP a lower `` training wage '' )NP (PP for (NP (NP new workers )NP (SBAR (WHNP who )WHNP (S (VP are (NP *UNK- )NP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP The Big Board )NP (VP is (VP considering (S (VP *UNKING (NP (NP a curb )NP (PP on (NP program trading )NP )PP )NP (SBAR (WHADVP when )WHADVP (S (NP the market )NP (VP is (ADJP volatile )ADJP )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(S (NP (NP The exchange )NP , (SBAR (WHNP which )WHNP (S (VP abandoned (NP such a `` *UNK '' )NP (NP last year )NP (SBAR because (S (NP it )NP (VP did n't (VP prevent (NP sharp price swings )NP )VP )VP )S )SBAR )VP )S )SBAR , )NP (VP has (VP been (PP under (NP attack )NP )PP (ADVP recently )ADVP (PP for (S not (VP taking (NP action )NP (PP against (NP program trading )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S (NP Great Northern Nekoosa )NP (VP reacted (ADVP *UNKLY )ADVP (PP to (NP (NP (NP Georgia-Pacific 's )NP takeover bid )NP (PP of (NP (NP (NP $ 58 )NP (NP a share )NP )NP , or (NP (QP $ *UNKN billion )QP )NP , )NP )PP )NP )PP (SBAR though (S (NP the suitor )NP (VP said (SBAR (S (NP all terms )NP (VP are (ADJP negotiable )ADJP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Great Northern 's )NP stock )NP (VP soared (NP $ *UNKN )NP , (PP to (NP $ *UNKN )NP )PP , (PP on (NP speculation (SBAR that (S (NP a higher bid )NP (VP would (VP emerge )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Stock prices )NP (VP rallied (SBAR as (S (NP the Georgia-Pacific bid )NP (VP broke (NP (NP the market 's )NP recent *UNK )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The Dow Jones industrials )NP (VP finished (ADVP up (NP *UNKN )NP )ADVP , (PP at (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP (NP The dollar )NP and (NP bond prices )NP )NP (ADVP also )ADVP (VP closed (ADVP higher )ADVP )VP . )S  STOP
(S (NP *UNKING indicators )NP (VP (VP rose (NP a slight 0.2 % )NP (PP in (NP September )NP )PP )VP , (NP (NP a further indication )NP (SBAR (S (NP the economy )NP (VP is (VP (VP slowing )VP but (VP (PP without (NP (NP any clear sign )NP (PP of (SBAR whether (S (NP a recession )NP (VP *UNK )VP )S )SBAR )PP )NP )PP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP *UNK- sales )NP (VP plunged (NP 14 % )NP (PP in (NP the month )NP )PP )VP . )S  STOP
(S (NP Labor costs )NP (VP climbed (NP 1.2 % )NP (PP in (NP private industry )NP )PP (PP during (NP the third quarter )NP )PP , (S (VP matching (NP the second-quarter rise )NP )VP )S )VP . )S  STOP
(S (NP *UNKC costs )NP (VP soared )VP . )S  STOP
(S (NP (NP Time Warner )NP and (NP Sony )NP )NP (VP could (VP end (PRT up )PRT (S (VP becoming (NP (NP partners )NP (PP in (NP several business ventures )NP )PP )NP (PP as (NP (NP part )NP (PP of (NP (NP a settlement )NP (PP of (NP (NP their dispute )NP (PP over (NP Hollywood producers Peter Guber and Jon Peters )NP )PP )NP )PP )NP )PP )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP (NP A bidding war )NP (PP for (NP Jaguar )NP )PP )NP (VP became (ADJP more likely )ADJP (SBAR as (S (NP Britain )NP (ADVP unexpectedly )ADVP (VP decided (S (VP to (VP end (NP (NP restrictions )NP (VP blocking (NP (NP a takeover )NP (PP of (NP the luxury car maker )NP )PP )NP )VP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Sea Containers )NP (VP plans (S (VP to (VP (VP sell (NP (NP (QP $ 1.1 billion )QP )NP (PP of (NP assets )NP )PP )NP )VP and (VP use (NP (NP some )NP (PP of (NP the proceeds )NP )PP )NP (S (VP to (VP buy (NP (NP (QP about 50 )QP % )NP (PP of (NP its common shares )NP )PP )NP (PP for (NP (NP $ 70 )NP (ADVP each )ADVP )NP )PP )VP )VP )S )VP )VP )VP )S )VP . )S  STOP
(S (NP The company )NP (VP is (VP trying (S (VP to (VP fend (PRT off )PRT (NP (NP a hostile bid )NP (PP by (NP two European shipping firms )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Eastern Airlines pilots )NP (VP were (VP (VP awarded (NP (NP (QP between $ 60 million and $ 100 million )QP )NP (PP in (NP back pay )NP )PP )NP (PP by (NP an arbitrator )NP )PP )VP , (NP (NP a decision )NP (SBAR (WHNP that )WHNP (S (VP could (VP *UNK (NP (NP the carrier 's )NP bankruptcy reorganization )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (S (NP LTV Steel )NP (VP is (VP boosting (NP (NP prices )NP (PP of (NP flat rolled steel products )NP )PP )NP (NP an average 3 % )NP )VP )VP )S , but (S (NP (NP it )NP )NP (VP 's (ADJP unclear )ADJP (SBAR whether (S (NP (NP the increases )NP , (VP set (PP for (NP Jan. 1 , 1990 )NP )PP )VP , )NP (VP will (VP stick )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP (NP Southern 's )NP Gulf Power unit )NP (VP paid (NP (NP $ 500,000 )NP (PP in (NP fines )NP )PP )NP (PP after (S (VP *UNKING (ADJP guilty (PP to (NP (NP conspiracy (S (VP to (VP make (NP illegal political contributions )NP )VP )VP )S )NP and (NP tax *UNK )NP )NP )PP )ADJP )VP )S )PP )VP . )S  STOP
(S (NP More big Japanese investors )NP (VP are (VP buying (NP U.S. mortgage-backed securities )NP , (S (VP *UNKING (NP a recent trend )NP )VP )S )VP )VP . )S  STOP
(S (NP (NP USX 's )NP profit )NP (VP dropped (NP 23 % )NP (PP in (NP the third quarter )NP )PP (SBAR as (S (NP improved oil results )NP (VP failed (S (VP to (VP offset (NP (NP weakness )NP (PP in (NP (NP the firm 's )NP steel and natural gas operations )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP (VP reported (NP a negative net worth )NP )VP and (VP *UNKED (SBAR (S (NP it )NP (VP may (VP file (PP for (NP Chapter 11 )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The *UNK- maker )NP (VP disclosed (NP a major fraud )NP (ADVP (NP two months )NP ago )ADVP )VP . )S  STOP
(NP Markets -- )NP  STOP
(NP (NP Stocks )NP : (NP Volume )NP (NP *UNKN shares )NP . )NP  STOP
(NP (NP (NP Dow Jones industrials )NP (NP *UNKN )NP , (ADVP up (NP *UNKN )NP )ADVP )NP ; (NP (NP transportation )NP (NP *UNKN )NP , (ADVP up (NP *UNKN )NP )ADVP )NP ; (NP (NP utilities )NP (NP *UNKN )NP , (ADVP up (NP *UNKN )NP )ADVP )NP . )NP  STOP
(NP (NP Bonds )NP : (NP Shearson Lehman Hutton Treasury index )NP (NP *UNKN )NP , (ADVP up )ADVP )NP  STOP
(NP (NP Commodities )NP : (NP (NP Dow Jones futures index )NP (NP *UNKN )NP , (ADVP up (NP *UNKN )NP )ADVP )NP ; (NP (NP spot index )NP (NP *UNKN )NP , (ADVP off (NP *UNKN )NP )ADVP )NP . )NP  STOP
(NP (NP Dollar )NP : (NP (NP *UNKN yen )NP , (ADVP up (NP *UNKN )NP )ADVP )NP ; (NP (NP *UNKN marks )NP , (ADVP up (NP *UNKN )NP )ADVP )NP . )NP  STOP
(S (NP Bond prices )NP (VP *UNKED (PP in (NP *UNK trading )NP )PP , (S (VP (VP rising (PP on (NP (NP reports )NP (PP of (NP economic weakness )NP )PP )NP )PP )VP and (VP falling (PP on (NP (NP reports )NP (PP of (NP economic strength )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Treasury bonds )NP (VP got (ADVP off )ADVP (PP to (NP a strong start )NP )PP , (S (VP *UNKING (ADVP modestly )ADVP (PP during (NP (NP overnight trading )NP (PP on (NP foreign markets )NP )PP )NP )PP )VP )S )VP . )S  STOP
(SINV `` (NP We )NP (VP saw (NP (NP (NP good buying )NP (PP in (NP Japan )NP )PP )NP and (NP (NP excellent buying )NP (PP in (NP London )NP )PP )NP )NP )VP , '' (VP said )VP (NP (NP Jay *UNKC )NP , (NP (NP market strategist and trader )NP (PP at (NP (NP Capital *UNKC Inc. )NP , (NP (NP Beverly Hills )NP , (NP Calif )NP )NP )NP )PP )NP )NP . )SINV  STOP
(S (S (NP (NP The market 's )NP *UNK )NP (VP was (VP helped (PP by (NP (NP the dollar 's )NP *UNK )NP )PP )VP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (ADVP Late )ADVP (PP in (NP London )NP )PP , (NP the dollar )NP (VP was (VP quoted (PP at (NP (NP *UNKN West German marks )NP and (NP *UNKN Japanese yen )NP )NP )PP , (ADVP up (PP from (NP late Monday )NP (PP in (NP New York )NP )PP )PP )ADVP )VP )VP . )S  STOP
(S (NP British sterling )NP (VP eased (PP to (NP $ *UNKN )NP )PP (PP from (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP U.S. trading )NP (VP began )VP )S )SBAR , (NP Treasury bonds )NP (VP received (NP an additional boost )NP (PP from (NP news (SBAR that (S (NP (NP sales )NP (PP of (NP new *UNKLY homes )NP )PP )NP (VP fell (NP 14 % )NP (PP in (NP September )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The *UNK )NP (VP (VP was (ADJP (ADJP twice as large )ADJP (SBAR as (S (NP economists )NP (VP projected )VP )S )SBAR )ADJP )VP and (VP was (NP (NP the *UNK decline )NP (PP since (NP (NP a (ADJP 19 % )ADJP drop )NP (PP in (NP January 1982 )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP Economists )NP (VP said (SBAR (S (NP the report )NP (VP raised (NP speculation (SBAR that (S (NP the economic slowdown )NP (VP could (VP turn (PP into (NP a recession )NP )PP , (SBAR (WHNP which )WHNP (S (VP would (VP *UNK (NP (NP the way )NP (SBAR for (S (NP the Federal Reserve )NP (VP to (VP lower (NP interest rates )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S But (PP (ADVP later )ADVP in (NP the day )NP )PP , (NP (NP a report )NP (PP by (NP (NP the *UNKING Management Association )NP (PP of (NP Chicago )NP )PP )NP )PP )NP (VP cast (NP doubt )NP (PP on (NP the recession scenario )NP )PP )VP . )S  STOP
(S (NP The association )NP (VP said (SBAR (S (NP (NP its October index )NP (PP of (NP economic activity )NP )PP )NP (VP rose (PP to (NP *UNKN % )NP )PP (PP after (S (VP having (VP been (PP below (NP 50 % )NP )PP (PP for (NP three consecutive months )NP )PP )VP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A reading )NP (PP below (NP 50 % )NP )PP )NP (VP indicates (SBAR that (S (NP the manufacturing industry )NP (VP is (VP slowing )VP )VP )S )SBAR (SBAR while (S (NP (NP a reading )NP (PP above (NP 50 % )NP )PP )NP (VP suggests (SBAR that (S (NP the industry )NP (VP is (VP expanding )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Bond prices )NP (VP fell (SBAR after (S (NP the Chicago report )NP (VP was (VP released )VP )VP )S )SBAR )VP . )S  STOP
(S (PP By (NP (NP the end )NP (PP of (NP the day )NP )PP )NP )PP , (NP bond prices )NP (VP were (ADJP mixed )ADJP )VP . )S  STOP
(S (NP The benchmark 30-year bond )NP (VP was (ADJP (ADJP (NP (QP nearly 1\/4 )QP point )NP higher )ADJP , or (ADVP up (NP (QP about $ 2.50 )QP )NP (PP for (NP each (ADJP $ 1,000 )ADJP face amount )NP )PP )ADVP )ADJP )VP . )S  STOP
(S (NP New two-year notes )NP (VP ended (ADJP unchanged )ADJP (SBAR while (S (NP (ADJP three-year and four-year )ADJP notes )NP (VP were (ADJP slightly lower )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP Municipal bonds )NP (VP ended (ADJP unchanged )ADJP (PP to (ADJP (NP (QP as much as 1\/2 )QP point )NP higher )ADJP )PP (SBAR while (S (NP mortgage-backed securities )NP (VP were (ADVP up (NP (QP about 1\/8 )QP point )NP )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP Corporate bonds )NP (VP were (ADJP unchanged )ADJP )VP . )S  STOP
(S (PP In (NP the corporate market )NP )PP , (NP (NP an expected debt offering )NP (NP today )NP (PP by (NP International Business Machines Corp. )NP )PP )NP (VP generated (NP considerable attention )NP )VP . )S  STOP
(S (NP The giant computer maker )NP (VP is (VP slated (S (VP to (VP offer (NP (NP (QP $ 500 million )QP )NP (PP of (NP 30-year *UNK- debentures )NP )PP )NP (PP through (NP (NP underwriters )NP (VP led (PP by (NP Salomon Brothers Inc )NP )PP )VP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP Traders )NP (VP expect (S (NP the bonds )NP (VP to (VP yield (PP (NP (QP about *UNKN to *UNKN )QP percentage point )NP above (NP (NP (NP the Treasury 's )NP benchmark 30-year bond )NP , (SBAR (WHNP which )WHNP (S (VP ended (NP Tuesday )NP (PP with (NP (NP a yield )NP (PP of (NP (QP about 7.90 )QP % )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP The last time )NP (SBAR (S (NP IBM )NP (VP *UNKED (NP the corporate debt market )NP )VP )S )SBAR )NP (VP was (PP in (NP (NP April 1988 )NP , (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP offered (NP (NP (QP $ 500 million )QP )NP (PP of (NP debt securities )NP )PP )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP (NP IBM 's )NP visits )NP (PP to (NP the debt market )NP )PP )NP (VP are (VP (ADVP closely )ADVP watched (PP (PP by (NP (NP *UNK )NP (PP at (NP other corporations )NP )PP )NP )PP and (PP by (NP credit market analysts )NP )PP )PP )VP )VP . )S  STOP
(S (NP Some analysts )NP (VP believe (SBAR (S (NP the company )NP (VP has (NP the ability (S (VP to (VP *UNK (NP (NP the *UNK )NP (PP in (NP interest-rate *UNK )NP )PP )NP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP October 1979 )NP )PP , (SBAR (NP just days )NP before (S (NP the Federal Reserve )NP (VP raised (NP interest rates )NP )VP )S )SBAR , (NP IBM )NP (VP offered (NP (NP (QP $ 1 billion )QP )NP (PP in (NP debt securities )NP )PP )NP )VP . )S  STOP
(S (NP (NP The boost )NP (PP in (NP rates )NP )PP )NP (VP sent (NP (NP IBM 's )NP bonds )NP (S (VP *UNKING )VP )S , (S (VP (VP leaving (NP underwriters )NP (PP with (NP (NP millions )NP (PP of (NP (NP dollars )NP (PP of (NP losses )NP )PP )NP )PP )NP )PP )VP and (VP *UNKING (NP a sell-off )NP (PP in (NP the overall market )NP )PP )VP )VP )S )VP . )S  STOP
(SINV (S (NP The company )NP `` (VP ca n't (VP be (ADJP bullish )ADJP (SBAR if (S (NP they )NP (VP 're (VP doing (NP a sizable 30-year *UNK )NP )VP )VP )S )SBAR )VP )VP , '' )S (VP said )VP (NP one analyst )NP . )SINV  STOP
(S (NP Others )NP (VP said (SBAR (S (NP IBM )NP (VP might (VP increase (NP (NP the size )NP (PP of (NP the offering )NP )PP )NP (PP to (NP (QP as much as $ 1 billion )QP )NP )PP (SBAR if (S (NP investor demand )NP (VP is (ADJP strong )ADJP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP has (NP (NP (NP (QP $ 1 billion )QP )NP (PP in (NP debt )NP )PP )NP (VP filed (PP with (NP the Securities and Exchange Commission )NP )PP )VP )NP )VP . )S  STOP
(SINV `` (S (NP I )NP (VP think (SBAR (S (NP the (QP $ 500 million )QP )NP (VP is (NP (NP a little bit )NP (PP of (NP a fire *UNK )NP )PP )NP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP Jim *UNKC )NP , (NP (NP head )NP (PP of (NP (NP the industrial bond department )NP (PP at (NP Drexel Burnham Lambert Inc )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP I )NP (VP think (SBAR (S (SBAR as (S (NP the pricing time )NP (VP *UNK )VP )S )SBAR , (NP the bonds )NP (VP will (VP come (S (UCP (ADJP a little *UNK )ADJP and (PP in (NP a larger amount )NP )PP )UCP )S )VP )VP )S )SBAR )VP . '' )S  STOP
(NP Treasury Securities )NP  STOP
(S (NP Treasury prices )NP (VP ended (ADJP mixed )ADJP (PP in (NP light trading )NP )PP )VP . )S  STOP
(S (NP The benchmark 30-year bond )NP (VP was (VP quoted (ADVP late )ADVP (PP at (NP (QP 102 *UNKN )QP )NP )PP (S (VP to (VP yield (NP 7.90 % )NP )VP )VP )S (PP compared (PP with (NP (NP (QP 102 *UNKN )QP )NP (SBAR (S (VP to (VP yield (NP (NP *UNKN % )NP (NP Monday )NP )NP )VP )VP )S )SBAR )NP )PP )PP )VP )VP . )S  STOP
(S (NP The latest 10-year notes )NP (VP were (ADJP unchanged (PP at (NP (NP (QP 100 *UNKN )QP )NP (SBAR (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )SBAR )NP )PP )ADJP )VP . )S  STOP
(S (NP *UNKC rates )NP (ADVP also )ADVP (VP were (ADJP mixed )ADJP )VP . )S  STOP
(S (NP (NP The discount rate )NP (PP on (NP three-month Treasury bills )NP )PP )NP (VP rose (ADVP slightly )ADVP (PP from (NP the average rate )NP )PP (PP at (NP (NP Monday 's )NP auction )NP )PP (PP to (NP (NP *UNKN % )NP (PP for (NP (NP a *UNK- yield )NP (PP of (NP *UNKN % )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The discount rate )NP (PP on (NP six-month Treasury bills )NP )PP )NP (VP fell (ADVP slightly )ADVP (PP to (NP (NP *UNKN % )NP (PP for (NP (NP a *UNK- yield )NP (PP of (NP *UNKN % )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(NP Corporate Issues )NP  STOP
(S (NP Two junk bond issues )NP (VP were (VP priced (NP yesterday )NP , (PP including (NP (NP a *UNKED offering )NP (PP by (NP Beatrice Co )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP A spokesman )NP (PP for (NP underwriters Salomon Brothers Inc. )NP )PP )NP (VP said (SBAR (S (NP Beatrice )NP (VP cut (NP its high-yield offering )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP a planned (QP $ 350 million )QP )NP )PP (SBAR after (S (NP (NP it )NP )NP (VP became (ADJP clear )ADJP (SBAR (S (NP the company )NP (VP would (VP have (S (VP to (VP give (NP investors )NP (NP higher yields )NP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP the *UNK- offering )NP )PP , (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP senior subordinated reset notes )NP )PP )NP (VP (VP were (VP priced (PP at (NP *UNKN )NP )PP )VP )VP and (VP carried (NP (NP a rate )NP (PP of (NP (QP 13 3\/4 )QP % )NP )PP )NP )VP , (SBAR while (S (NP (NP the (QP $ 100 million )QP )NP (PP of (NP senior subordinated *UNKING rate notes )NP )PP )NP (VP were (VP priced (S (VP to (VP *UNK (PP at (PP (NP 4.25 percentage points )NP above (NP (NP the London *UNKC *UNKED *UNKC )NP , or (NP LIBOR )NP )NP )PP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The one-year LIBOR rate )NP (NP yesterday )NP (VP was (NP (QP 8 7\/16 )QP % )NP )VP . )S  STOP
(S (PP Since (NP (NP the recent deterioration )NP (PP of (NP the junk-bond market )NP )PP )NP )PP , (NP (QP at least two )QP other junk issuers )NP (VP have (VP said (SBAR (S (S (NP they )NP (VP plan (S (VP to (VP scale (PRT back )PRT (NP planned high-yield offerings )NP )VP )VP )S )VP )S , and (S (NP several issues )NP (VP have (VP been (VP postponed )VP )VP )VP )S )S )SBAR )VP )VP . )S  STOP
(S (NP (NP William *UNKC )NP , (NP Beatrice chief financial officer )NP , )NP (VP said (SBAR (S (NP (NP favorable market conditions )NP (PP in (NP September )NP )PP )NP (VP prompted (S (NP the company )NP (VP to (VP plan (NP (NP more debt )NP (PP than (ADJP necessary )ADJP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S `` (S (ADVP However )ADVP , (PP given (NP (NP the changes )NP (PP in (NP the market conditions )NP )PP (SBAR (WHNP that )WHNP (S (VP have (VP occurred (PP since (NP then )NP )PP )VP )VP )S )SBAR )NP )PP , (NP we )NP (VP decided (S (VP to (VP sell (NP (NP only the amount )NP (VP needed (S (VP to (VP proceed (PP with (NP our *UNKED recapitalization )NP )PP )VP )VP )S )VP )NP )VP )VP )S )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (PP Under (NP (NP the firm 's )NP original bank credit agreement )NP )PP , (NP it )NP (VP was (VP required (S (VP to (VP raise (NP (NP (QP $ 250 million )QP )NP (PP of (NP subordinated debt )NP )PP (SBAR (S (VP to (VP be (VP used (S (VP to (VP repay (NP (NP some )NP (PP of (NP (NP the bank borrowings )NP (VP drawn (S (VP to (VP redeem (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP increasing rate debentures )NP )PP )NP )VP )VP )S (PP in (NP August )NP )PP )VP )NP )PP )NP )VP )VP )S )VP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP (NP A month )NP ago )ADVP , (SBAR (WHADVP when )WHADVP (S (NP Beatrice )NP (ADVP first )ADVP (VP filed (S (VP to (VP sell (NP debt )NP )VP )VP )S )VP )S )SBAR , (NP the company )NP (VP had (VP planned (S (VP to (VP offer (NP (NP (QP $ 200 million )QP )NP (PP of (NP its senior subordinated reset notes )NP )PP )NP (PP at (NP (NP a yield )NP (PP of (NP (QP 12 3\/4 )QP % )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The (QP $ 150 million )QP )NP (PP in (NP senior subordinated *UNK- notes )NP )PP )NP (VP were (VP targeted (S (VP to (VP be (VP offered (PP at (NP a price )NP )PP (S (VP to (VP *UNK (PP (NP four percentage points )NP above (NP the three-month LIBOR )NP )PP )VP )VP )S )VP )VP )VP )S )VP )VP . )S  STOP
(S (S (PP By (NP October )NP )PP , (ADVP however )ADVP , (NP market conditions )NP (VP had (VP *UNKED )VP )VP )S and (S (NP the reset notes )NP (VP were (VP targeted (S (VP to (VP be (VP offered (PP at (NP (NP a yield )NP (PP of (NP (QP between 13 1\/4 % and 13 1\/2 )QP % )NP )PP )NP )PP )VP )VP )VP )S )VP )VP )S . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP investors )NP (ADVP also )ADVP (VP demanded (NP *UNK *UNK )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Continental *UNKC Inc. )NP , (PP via (NP (NP underwriters )NP (PP at (NP (NP Morgan Stanley )NP & (NP Co. )NP )NP )PP )NP )PP , (VP priced (NP (NP (QP $ 350 million )QP )NP (PP of (NP junk bonds )NP )PP )NP (PP at (NP par )NP )PP (S (VP to (VP yield (NP (QP 12 7\/8 )QP % )NP )VP )VP )S )VP . )S  STOP
(NP *UNKED Securities )NP  STOP
(S (NP (NP J.C. Penney )NP & (NP Co. )NP )NP (VP issued (NP (NP (QP $ 350 million )QP )NP (PP of (NP (NP securities )NP (VP backed (PP by (NP credit-card receivables )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(S (NP The securities )NP (VP were (VP priced (PP at (NP *UNKN )NP )PP (S (VP to (VP yield (NP (QP about *UNKN )QP % )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP at (NP First Boston Corp. )NP )PP )NP (VP said (SBAR (S (NP the J.C. Penney credit-card securities )NP (VP are (NP (NP the first )NP (PP with (NP (NP a 10-year average life )NP , (SBAR (WHNP which )WHNP (S (VP is (ADJP (ADJP much longer )ADJP (PP than (NP previous such issues )NP )PP )ADJP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Elsewhere )ADVP , (NP (NP (NP *UNKC Mae 's )NP (ADJP 9 % )ADJP issue )NP (PP for (NP November delivery )NP )PP )NP (VP was (VP quoted (PP at (NP (NP 98 *UNKN )NP (VP bid )VP )NP )PP , (ADVP up (NP *UNKN )NP (PP from (NP late Monday )NP )PP )ADVP , (S (VP to (VP yield (NP (QP about *UNKN )QP % )NP (PP to (NP a *UNK- average life assumption )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Freddie Mac 's )NP (ADJP 9 1\/2 % )ADJP issue )NP (VP was (VP quoted (PP at (NP 99 *UNKN )NP )PP , (ADVP up (NP *UNKN )NP (PP from (FRAG (NP Monday )NP )FRAG )PP )ADVP )VP )VP . )S  STOP
(S (NP (NP Fannie Mae 's )NP (ADJP 9 % )ADJP issue )NP (VP was (PP at (NP (QP 98 *UNKN )QP )NP )PP , (ADVP up (NP 1\/8 )NP )ADVP )VP . )S  STOP
(FRAG (PP On (NP the pricing front )NP )PP , (NP (NP an *UNK- issue )NP (PP of (NP (NP (QP $ 500 million )QP )NP (NP Federal Home Loan Mortgage Corp )NP )NP )PP )NP . )FRAG  STOP
(S (NP Remic mortgage securities )NP (VP was (VP launched (PP by (NP a Morgan Stanley group )NP )PP )VP )VP . )S  STOP
(S (NP The offering )NP (VP is (VP backed (PP by (NP (NP Freddie Mac 's )NP (ADJP 10 % )ADJP issue )NP )PP (PP with (NP a *UNKED average term )NP )PP (PP to (NP (NP maturity )NP (PP of (NP *UNKN months )NP )PP )NP )PP )VP )VP . )S  STOP
(NP Municipal Issues )NP  STOP
(S (NP Municipal bonds )NP (VP were (ADJP little changed (PP to (ADJP (NP 1\/2 point )NP higher )ADJP )PP )ADJP (PP in (NP late dealings )NP )PP )VP . )S  STOP
(S `` (S (NP We )NP (VP were (VP *UNK )VP )VP )S and (S (NP today )NP (NP we )NP (VP *UNKED (PRT back )PRT )VP )S . )S  STOP
(SINV (S (NP Some accounts )NP (VP came (PRT in )PRT (PP for (NP (NP some blocks )NP (PP in (NP the secondary -LCB- market -RCB- )NP )PP )NP )PP , (SBAR (WHNP which )WHNP (S (NP we )NP (VP have n't (VP seen (PP for (NP a while )NP )PP )VP )VP )S )SBAR )VP )S , '' (VP said )VP (NP one trader )NP . )SINV  STOP
(S `` (S (NP There )NP (VP were (NP no -LCB- sell -RCB- lists )NP )VP )S and (S (NP the *UNK )NP (VP is (VP *UNKING (PRT up )PRT (NP a bit )NP )VP )VP )S . )S  STOP
(S (S (NP There )NP (VP 's (NP light )NP (PP at (NP (NP the end )NP (PP of (NP the *UNK )NP )PP )NP )PP (PP for (NP *UNK )NP )PP )VP )S , '' (NP he )NP (VP said , (S (VP adding (SBAR that (S (NP he )NP (VP expects (S (NP prices )NP (VP to (VP `` *UNK (ADVP up )ADVP '' (PP in (NP the near term )NP )PP )VP )VP )S )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP (NP The market 's )NP tone )NP (VP improved (PP after (NP (NP (NP Monday 's )NP pricing )NP (PP of (NP (ADJP (QP $ *UNKN million )QP )ADJP New York City general obligation bonds )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP (NP The issue 's )NP smooth *UNK )NP (VP eased (NP fears (SBAR that (S (NP supply )NP (VP would (VP *UNK (NP demand )NP (PP in (NP coming sessions )NP )PP )VP )VP )S )SBAR )NP )VP )S , (NP traders )NP (VP said )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP for (NP the bonds )NP )PP )NP (VP was (ADJP strong enough (S (VP to (VP permit (S (NP underwriters )NP (VP to (VP trim (NP (NP some yields )NP (PP in (NP (NP the tax-exempt portion )NP (PP of (NP the offering )NP )PP )NP )PP )NP (NP late Monday )NP )VP )VP )S )VP )VP )S )ADJP )VP . )S  STOP
(S (NP (NP A *UNK- (ADJP (QP $ *UNKN million )QP )ADJP offering )NP (PP of (NP *UNK treatment bonds )NP )PP (PP by (NP the New Jersey *UNKC *UNKC Trust )NP )PP )NP (VP was (VP (ADVP more than half )ADVP sold (PP by (PP (ADVP late )ADVP in (NP the session )NP )PP )PP , (PP according (PP to (NP lead underwriter Merrill Lynch Capital Markets )NP )PP )PP )VP )VP . )S  STOP
(S (NP The debt )NP (VP was (VP *UNKED (S (VP priced (S (VP to (VP yield (PP from (NP (NP 6 % )NP (PP in (NP 1991 )NP )PP )NP )PP (PP to (NP (NP *UNKN % )NP (PP in (NP *UNKN )NP )PP )NP )PP )VP )VP )S )VP )S )VP )VP . )S  STOP
(NP Foreign Bonds )NP  STOP
(S (NP Most foreign government bonds markets )NP (VP were (ADJP quiet )ADJP )VP . )S  STOP
(S (S (NP (ADJP West German )ADJP bonds )NP (VP *UNKED (NP a bit )NP (PP after (NP (NP Monday 's )NP fall )NP )PP )VP )S , but (S (NP traders )NP (VP said (SBAR (S (NP the market )NP (VP remains (ADJP bearish )ADJP (PP due (PP to (NP speculation (SBAR that (S (NP interest rates )NP (VP could (VP rise (ADVP again )ADVP )VP )VP )S )SBAR )NP )PP )PP )VP )S )SBAR )VP )S . )S  STOP
(S (PP In (NP (NP a speech )NP (VP (VP given (NP Friday )NP )VP but (VP released (NP late Monday )NP )VP )VP )NP )PP , (NP *UNKC Vice President *UNKC *UNKC )NP (VP suggested (SBAR that (S (NP (NP it )NP )NP (VP was (ADJP risky )ADJP (S (VP to (VP claim (SBAR that (S (NP the *UNKING German economy )NP (VP has (VP reached (NP (NP the peak )NP (PP of (NP its cycle )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP His comments )NP (VP were (VP interpreted (PP as (NP a sign (SBAR that (S (NP higher interest rates )NP (VP are (ADJP possible )ADJP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (PP On (NP Oct. 5 )NP )PP , (NP the *UNKC )NP (VP raised (NP the *UNKC and discount rates )NP (PP by (NP one percentage point )NP )PP (PP to (NP (NP (QP 8 % and 6 % )QP )NP , (ADVP respectively )ADVP , (NP (NP the highest levels )NP (PP in (NP seven years )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP (NP (NP Germany 's )NP (ADJP 7 % )ADJP bond )NP (ADJP due (NP October 1999 )NP )ADJP )NP (VP was (ADJP unchanged )ADJP (PP at (NP *UNKN )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S (SBAR while (S (NP (NP the (ADJP 6 3\/4 % )ADJP notes )NP (ADJP due (NP July 1994 )NP )ADJP )NP (VP rose (NP *UNKN point )NP (PP to (NP *UNKN )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Japanese government bonds )NP (VP showed (NP little change )NP )VP . )S  STOP
(S (NP (NP (NP Japan 's )NP benchmark No. 111 issue )NP (ADJP due (NP 1998 )NP )ADJP )NP (VP ended (PP on (NP (NP brokers ' )NP screens )NP )PP (PP at (NP *UNKN )NP )PP , (ADVP down (NP *UNKN point )NP )ADVP , (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP . )S  STOP
(S (NP British government bonds )NP (VP were (VP (ADVP little )ADVP changed (SBAR as (S (NP investors )NP (VP *UNKED (NP (NP an address )NP (PP on (NP economic policy )NP )PP (PP by (NP (NP John Major )NP , (NP (NP the new Chancellor )NP (PP of (NP the Exchequer )NP )PP )NP )NP )PP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP (NP Britain 's )NP benchmark (ADJP 11 3\/4 % )ADJP bond )NP (ADJP due (NP *UNKN )NP )ADJP )NP (VP rose (NP *UNKN )NP (PP to (NP (QP 111 1\/2 )QP )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S (SBAR while (S (NP (NP the (ADJP 11 3\/4 % )ADJP notes )NP (ADJP due (NP 1991 )NP )ADJP )NP (VP were (ADJP unchanged )ADJP (PP at (NP (QP 98 *UNKN )QP )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Paramount Communications Inc. )NP (VP said (SBAR (S (NP it )NP (VP sold (NP two *UNKC & *UNKC information services units )NP (PP to (NP (NP Macmillan Inc. )NP , (NP (NP a subsidiary )NP (PP of (NP Maxwell *UNKC Corp )NP )PP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The two units )NP (VP are (NP (NP (NP *UNKC Hall Information Services )NP , (SBAR (WHNP which )WHNP (S (VP publishes (NP tax , financial planning and business law information )NP (PRN , (PP among (NP other services )NP )PP , )PRN )VP )S )SBAR )NP and (NP (NP *UNKC Hall Information Network )NP , (SBAR (WHNP which )WHNP (S (VP (ADVP *UNKLY )ADVP *UNK (NP tax information )NP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (S (NP Terms )NP (VP were n't (VP disclosed )VP )VP )S , but (S (NP industry executives )NP (VP said (SBAR (S (NP the units )NP (VP were (VP sold (PP for (NP (QP $ 40 million )QP )NP )PP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP (NP Arthur H. *UNKC )NP , (NP (NP previously president )NP (PP of (NP the *UNKC Hall Tax and Professional Services division )NP )PP )NP , )NP (VP was (VP named (S (NP (NP president )NP (PP of (NP the (ADJP newly formed )ADJP Macmillan Professional and Business *UNKC division )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP *UNKC & *UNKC )NP (VP retains (NP (NP the *UNKC Law *UNK service )NP , (SBAR (WHNP which )WHNP (S (VP will (VP become (NP (NP part )NP (PP of (NP its *UNKC Hall Law & Business unit )NP )PP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP A *UNKING body )NP (PP of (NP both (NP the Financial Accounting *UNKC Board )NP and (NP the *UNKC Accounting *UNKC Board )NP )NP )PP )NP (VP voted (S (VP to (VP give (NP the FASB )NP (NP (NP *UNK )NP (PP over (NP (NP accounting standards )NP (PP for (NP certain *UNKED entities )NP )PP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP The Financial Accounting Foundation )NP (VP voted (ADVP *UNKN )ADVP (SBAR that (S (NP FASB accounting rules )NP (VP *UNK (NP *UNKC rules )NP (PP in (NP (NP regard )NP (PP to (NP (NP (NP utilities )NP , (NP hospitals )NP , and (NP *UNK and *UNK )NP )NP (VP owned (PP by (NP the government )NP )PP )VP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC rules )NP (ADVP still )ADVP (VP apply (PP for (NP other government units )NP )PP )VP . )S  STOP
(S (SBAR After (S (NP the *UNKC )NP (VP was (VP founded (PP (PP in (NP 1984 )NP )PP , (PP (NP 11 years )NP after (NP the FASB )NP )PP , )PP )VP )VP )S )SBAR (NP the *UNKED entities )NP (VP were (VP supposed (S (VP to (VP follow (NP FASB rules )NP (SBAR unless (S (NP the *UNKC )NP (VP *UNKED (NP them )NP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (NP The *UNKC )NP (VP had (VP told (NP governments )NP (SBAR (S (NP they )NP (VP did n't (VP have (S (VP to (VP follow (NP (NP FASB rules )NP (PP on (NP depreciation )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR , (S (VP making (S (NP (NP it )NP )NP (ADJP difficult )ADJP (SBAR for (S (NP *UNKING agencies )NP (VP to (VP compare (NP (NP (UCP private and state-owned )UCP schools )NP , (SBAR (WHNP which )WHNP (S (VP compete (PP in (NP the public bond market )NP )PP )VP )S )SBAR )NP )VP )VP )S )SBAR )S )VP )S )VP )VP . )S  STOP
(S (NP The foundation vote )NP (VP (VP is (ADJP effective (PP for (NP (NP the affected government entities )NP (PP with (NP (NP fiscal years )NP (SBAR (WHNP that )WHNP (S (VP begin (S (VP starting (NP next Jan. 1 )NP )VP )S )VP )S )SBAR )NP )PP )NP )PP )ADJP )VP and (VP makes (S (NP (NP the financial results )NP (PP of (NP the hospitals , *UNK and schools )NP )PP )NP (ADJP easier (S (VP to (VP compare (PP with (NP *UNK- businesses )NP )PP )VP )VP )S )ADJP )S )VP )VP . )S  STOP
(S But (NP it )NP (VP may (VP lead (PP to (NP (NP separate financial reports )NP (VP based (PP on (NP (NP different rules )NP (PP for (NP (NP (NP the government entities )NP (PP under (NP FASB rules )NP )PP )NP and (NP those (RRC (ADVP still )ADVP (PP under (NP *UNKC rules )NP )PP )RRC )NP )NP )PP )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S `` (S (S (NP (NP Managers )NP (PP of (NP government entities )NP )PP )NP (VP are (ADVP often )ADVP (ADJP more concerned (PP with (NP the (ADJP political and legal )ADJP structure )NP )PP )ADJP )VP )S and (S (NP (NP *UNK- *UNK )NP (PP with (NP *UNKING businesses )NP )PP )NP (VP is n't (ADVP always )ADVP (NP (ADJP as high )ADJP a priority )NP )VP )S )S , '' (NP a foundation spokesman )NP (VP said )VP . )S  STOP
(S (NP Avery Inc. )NP (VP said (SBAR (S (NP it )NP (VP completed (NP (NP the sale )NP (PP of (NP *UNKC Chemical Holding Co. )NP )PP (PP to (NP (NP a group )NP (VP led (PP by (NP (NP management )NP (PP of (NP (NP *UNKC Chemical Co. )NP , (NP (NP the unit 's )NP main business )NP )NP )PP )NP )PP )VP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP valued (NP the transaction )NP (PP at (NP (QP $ 800 million )QP )NP )PP )VP . )S  STOP
(S (NP (NP Avery )NP , (SBAR (WHNP which )WHNP (S (VP continues (S (VP to (VP operate (NP (NP a coal company )NP (SBAR (S (NP it )NP (VP expects (S (VP to (VP sell (PP at (NP a loss )NP )PP )VP )VP )S )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR , )NP (VP said (PP in (NP proxy materials )NP )PP (SBAR (S (NP it )NP (VP intends (S (VP to (VP seek (NP (NP control )NP (PP of (NP (QP one or more )QP companies )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP After (NP (NP fees )NP and (NP (NP *UNK )NP (PP of (NP debt )NP )PP )NP )NP )PP , (NP Avery )NP (VP is (VP left (PP with (NP (NP (QP about $ 24 million )QP )NP (PP in (NP cash and securities )NP )PP (PP from (NP the *UNKC sale )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Avery )NP (VP (VP paid (NP (NP (QP $ 750 million )QP )NP , (PP including (NP various (ADJP legal and financing )ADJP fees )NP )PP , )NP (S (VP to (VP acquire (NP (NP Uniroyal Chemical )NP , (NP (NP *UNKC )NP , (NP Conn. )NP , )NP )NP (PP in (NP 1986 )NP )PP )VP )VP )S )VP -- (NP (NP a move )NP (SBAR (WHNP that )WHNP (S (VP *UNKED (NP Avery )NP (PP with (NP debt )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (NP over-the-counter trading )NP )PP , (NP Avery shares )NP (VP were (VP quoted (NP yesterday )NP (PP at (NP (NP a bid price )NP (PP of (NP (NP *UNKN cents )NP (NP a share )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP According (PP to (NP Avery )NP )PP )PP , (PP for (NP (NP the year )NP (VP ended (NP Sept. 30 , 1988 )NP )VP )NP )PP , (NP Uniroyal Chemical )NP (VP had (NP (NP (NP sales )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP and (NP (NP a net loss )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )NP )VP . )S  STOP
(S (NP An Avery spokesman )NP (VP said (SBAR (SBAR that (S (NP the loss )NP (VP was (VP *UNKED (PP by (NP accounting adjustments )NP )PP )VP )VP )S )SBAR and (SBAR that (S (NP (NP the company 's )NP loss )NP (VP was (ADJP smaller )ADJP (PP on (NP a cash basis )NP )PP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP Uniroyal )NP (VP has (NP *UNKN employees and facilities )NP (PP in (NP (NP the U.S. )NP , (NP Canada )NP , (NP Brazil )NP , (NP Italy )NP and (NP Taiwan )NP )NP )PP )VP . )S  STOP
(S (PP In (NP a related development )NP )PP , (NP Avery )NP (VP said (SBAR (S (NP it )NP (VP completed (NP (NP a recapitalization )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP (NP its (NX (NX controlling shareholders )NX and (NX top officers )NX )NX )NP , (NP (NP Nelson *UNKC )NP and (NP Peter W. May )NP )NP , )NP (VP *UNKED (NP (NP warrants )NP and (NP preferred stock )NP )NP (PP in (NP (NP exchange )NP (PP for (NP (NP a larger stake )NP (PP in (NP (NP Avery 's )NP common shares )NP )PP )NP )PP )NP )PP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (PP On (NP a fully diluted basis )NP )PP , (NP the two )NP (VP raised (NP their stake )NP (PP to (NP 68 % )NP )PP (PP from (NP 51 % )NP )PP )VP . )S  STOP
(S (PP In (NP December 1988 )NP )PP , (NP Messrs. *UNKC and May )NP (VP sold (NP (NP their stock )NP (PP in (NP (NP *UNKC Industries Inc. )NP , (NP (NP a packaging company )NP (SBAR (S (NP they )NP (VP controlled )VP )S )SBAR )NP , )NP )PP )NP (PP to (NP (NP *UNKC Corp. )NP (PP of (NP France )NP )PP )NP )PP )VP . )S  STOP
(S (NP The executives )NP (VP had (VP *UNKED (ADVP *UNKLY )ADVP (PP by (S (VP building (NP (NP American National *UNKC Co. )NP , (NP (NP *UNKC 's )NP chief asset )NP )NP )VP )S )PP )VP )VP . )S  STOP
(S (PP In (NP January 1989 )NP )PP , (NP the two men )NP (VP acquired (NP (NP (NP the *UNKING assets )NP (PP of (NP *UNKC )NP )PP )NP , (PP including (NP (NP a controlling stake )NP (PP in (NP (NP Avery )NP and (PRN , (PP by (NP extension )NP )PP , )PRN (NP Uniroyal Chemical )NP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP the August proxy material )NP )PP , (NP Avery )NP (VP said (SBAR that (S (SBAR unless (S (NP it )NP (VP sold (NP Uniroyal )NP )VP )S )SBAR , (S (NP its ability (S (VP to (VP service (NP debt )NP )VP )VP )S )NP (VP would (VP be (VP hurt )VP )VP )VP )S and (S (NP (NP Avery 's )NP shareholder value )NP (VP would `` (VP continue (S (VP to (VP *UNK )VP )VP )S )VP )VP )S )S )SBAR )VP . '' )S  STOP
(S (S (SBAR Until (S (NP Avery )NP (VP makes (NP an acquisition )NP )VP )S )SBAR , (NP Messrs. *UNKC and May )NP (VP will (VP *UNK (NP their direct salaries and bonuses )NP )VP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (PP For (NP (QP (ADVP at least )ADVP the next six )QP months )NP )PP , (ADVP however )ADVP , (NP Avery )NP (VP will (VP continue (S (VP to (VP pay (NP (NP $ 200,000 )NP (NP a month )NP )NP (PP for (NP management services )NP )PP (PP to (NP (NP a company )NP (VP controlled (PP by (NP Messrs. *UNKC and May )NP )PP )VP )NP )PP , (PP according (PP to (NP the proxy material )NP )PP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP *UNKC Inc. )NP (VP said (SBAR (S (NP a plan (S (VP to (VP sell (NP its *UNKC Clark Inc. subsidiary )NP (PP to (NP (NP a group )NP (VP headed (PP by (NP Anderson Industries Inc. )NP )PP )VP )NP )PP (PP for (NP (QP $ *UNKN million )QP )NP )PP )VP )VP )S )NP (VP has (VP been (VP terminated )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP (NP a maker )NP (PP of (NP packaging and *UNK products )NP )PP )NP , )NP (VP said (SBAR (S (NP the two companies )NP (VP could n't (VP agree (PP on (NP (NP terms )NP (PP of (NP a definitive agreement )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The sale price )NP (PP of (NP (NP the unit )NP , (SBAR (WHNP which )WHNP (S (VP makes (NP packaging products )NP )VP )S )SBAR , )NP )PP )NP (VP was (S (VP to (VP *UNK (PP of (NP (NP cash )NP , (NP notes )NP and (NP (NP an amount )NP (SBAR (S (VP to (VP be (VP determined (PP by (NP (NP the unit 's )NP future performance )NP )PP )VP )VP )VP )S )SBAR )NP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP is (VP *UNKING (NP (NP proposals )NP (PP from (NP (NP other prospective *UNK )NP (PP of (NP the unit )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Both *UNKC and Anderson )NP (VP are (VP based (PP in (NP (NP *UNKC )NP , (NP *UNKC . )NP )NP )PP )VP )VP )S  STOP
(S (NP (NP Rally 's )NP Inc. )NP (VP said (SBAR (S (NP it )NP (VP adopted (NP a shareholders rights plan (S (VP to (VP protect (NP shareholders )NP (PP from (NP an (ADJP *UNKLY priced )ADJP takeover offer )NP )PP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The plan )NP (VP provides (PP for (NP (NP the distribution )NP (PP of (NP one common *UNK- right )NP )PP (PP as (NP (NP a dividend )NP (PP for (NP (NP each share )NP (PP of (NP (NP common )NP (ADJP outstanding )ADJP )NP )PP )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Each right )NP (VP *UNK (S (NP shareholders )NP (VP to (VP buy (NP (NP *UNK- share )NP (PP of (NP common )NP )PP )NP (PP for (NP $ 30 )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Earlier this month )NP , (NP (NP a group )NP (VP led (PP by (NP (NP (NP three )NP (PP of (NP (NP the company 's )NP directors )NP )PP )NP , (NP (NP *UNKC Sugarman )NP , (NP James M. *UNKC III )NP and (NP *UNKC E. *UNKC II )NP )NP , )NP )PP )VP )NP (VP indicated (SBAR (SBAR (S (NP it )NP (VP had (NP (NP a (ADJP *UNKN % )ADJP stake )NP (PP in (NP the (NAC Louisville , Ky. , )NAC fast-food company )NP )PP )NP )VP )S )SBAR and (SBAR that (S (NP it )NP (VP planned (S (VP to (VP seek (NP (NP a majority )NP (PP of (NP (NP seats )NP (PP on (NP (NP Rally 's )NP *UNK- board )NP )PP )NP )PP )NP )VP )VP )S )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP it )NP (VP was (VP `` concerned (PP about (NP (NP the announced intent (S (VP to (VP acquire (NP (NP control )NP (PP of (NP the company )NP )PP )NP )VP )VP )S )NP '' (PP by (NP a *UNKED group )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Fujitsu Ltd. )NP (VP said (SBAR (S (NP it )NP (VP wants (S (VP to (VP withdraw (NP its controversial *UNK- bid (S (VP to (VP design (NP a *UNK computer system )NP (PP for (NP (NP the city )NP (PP of (NP *UNKC )NP )PP )NP )PP )VP )VP )S )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP Japan 's )NP *UNKC Trade Commission )NP (VP said (SBAR (S (NP it )NP (VP was (VP considering (S (VP launching (NP (NP an investigation )NP (PP into (SBAR whether (S (NP (NP the bid )NP , (NP (NP the equivalent )NP (PP of (NP (NP less )NP (PP than (NP a *UNK )NP )PP )NP )PP )NP , )NP (VP *UNK (NP *UNKLY laws )NP )VP )S )SBAR )PP )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (NP last week )NP (VP held (NP an auction )NP (S (VP to (VP pick (NP the contractor )NP )VP )VP )S , (S (VP expecting (S (VP to (VP pay (NP (QP about 11 million )QP yen )NP (PP for (NP the project )NP )PP )VP )VP )S )VP )S )VP . )S  STOP
(S (S (NP *UNKC companies )NP (VP submitted (NP bids )NP )VP )S , but (S (NP Fujitsu )NP (VP won (NP the contract )NP (PP by (S (VP (ADVP essentially )ADVP saying (SBAR (S (NP it )NP (VP would (VP do (NP the job )NP (PP for (NP free )NP )PP )VP )VP )S )SBAR )VP )S )PP )VP )S . )S  STOP
(S (NP (NP News )NP (PP of (NP the bid )NP )PP )NP (VP drew (NP sharp criticism )NP (PP from (NP (NP other computer companies )NP and (NP industry observers )NP )NP )PP )VP . )S  STOP
(S (NP (NP Fujitsu )NP (NP itself )NP , (SBAR (WHNP which )WHNP (S (VP said (SBAR (S (NP the bid )NP (VP had n't (VP been (VP approved (PP by (NP its headquarters )NP )PP )VP )VP )VP )S )SBAR )VP )S )SBAR , )NP (VP was (ADVP clearly )ADVP (ADJP *UNKED )ADJP )VP . )S  STOP
(S (S (NP The bid )NP (VP was n't (ADJP `` *UNKLY acceptable )ADJP )VP )S , '' (NP a company spokeswoman )NP (VP said )VP . )S  STOP
(S (NP *UNKC officials )NP (VP said (SBAR (S (NP they )NP (ADVP still )ADVP (VP (VP consider (S (NP the contract )NP (PP in (NP effect )NP )PP )S )VP and (VP had (NP no immediate plans (S (VP to (VP cancel (NP it )NP )VP )VP )S )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP said (SBAR (S (NP they )NP (VP wanted (S (VP to (VP wait (PP for (NP (NP the outcome )NP (PP of (NP any government investigation )NP )PP )NP )PP (PP before (S (VP deciding (SBAR (WHNP what )WHNP (S (VP to (VP do )VP )VP )S )SBAR )VP )S )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP The city 's )NP Department )NP (PP of (NP Consumer Affairs )NP )PP )NP (VP charged (NP *UNKC & Lewis Inc. )NP (PP with (S (VP failing (S (VP to (VP deliver (PP on (NP (NP its promise )NP (PP of (S (VP lowering (NP prices )NP )VP )S )PP )NP )PP )VP )VP )S )VP )S )PP )VP . )S  STOP
(S (PP In (NP (NP a civil suit )NP (VP *UNKED (PP in (NP (NP state Supreme Court )NP (PP in (NP New York )NP )PP )NP )PP )VP )NP )PP , (NP the agency )NP (VP alleged (SBAR that (S (NP the *UNK- and *UNK *UNKING chain )NP (VP engaged (PP in (NP *UNK advertising )NP )PP (PP by (S (VP claiming (S (VP to (VP have `` (VP lowered (NP (NP every price )NP (PP on (NP every item )NP )PP )NP '' (PP as (NP (NP part )NP (PP of (NP (NP an advertising campaign )NP (SBAR (WHNP that )WHNP (S (VP began (NP June 1 )NP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )VP )S )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The agency )NP (VP said (SBAR (S (NP it )NP (VP (VP monitored (NP (NP *UNKC & Lewis 's )NP *UNKED prices )NP (PP before and after (NP the ad campaign )NP )PP )VP , and (VP found (SBAR that (S (NP (NP the prices )NP (PP of (NP (QP at least 50 )QP different items )NP )PP )NP (VP either (VP increased )VP or (VP stayed (NP the same )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP late May )NP )PP , (NP *UNKC & Lewis )NP (VP announced (NP a plan (S (VP to (VP (VP cut (NP prices )NP (NP (QP 5 % to 20 )QP % )NP )VP and (VP eliminate (SBAR (WHNP what )WHNP (S (NP it )NP (VP called (S (NP (NP a `` standard *UNKING practice '' )NP (PP of (S (VP negotiating (NP individual deals )NP (PP with (NP customers )NP )PP )VP )S )PP )NP )S )VP )S )SBAR )VP )VP )VP )S )NP )VP . )S  STOP
(S (NP The consumer agency )NP (ADVP also )ADVP (VP disputed (NP (NP (NP *UNKC & Lewis 's )NP continuing strategy )NP (PP of (S (VP advertising (NP `` new lower prices '' )NP (SBAR (WHADVP when )WHADVP (S (ADVP *UNKLY )ADVP (NP there )NP (VP have n't (VP been (NP price reductions )NP (PP since (NP June 1 )NP )PP )VP )VP )S )SBAR )VP )S )PP )NP )VP . )S  STOP
(S (NP (NP Richard D. Lewis )NP , (NP (NP president )NP (PP of (NP the *UNK- chain )NP )PP )NP , )NP (VP defended (NP (NP the company 's )NP pricing campaign )NP , (S (VP saying (SBAR (S (NP it )NP (VP did n't (VP use `` (NP (NP the misleading *UNK )NP ` (VP reduced (PP from (NP original prices )NP )PP )VP )NP )VP )VP )S )SBAR )VP )S )VP . ' '' )S  STOP
(S (NP Mr. Lewis )NP (VP said (SBAR (S (NP the company )NP (VP (VP marked (NP price *UNK )NP )VP and (VP *UNKED (PP at (NP its `` lowest possible prices '' )NP )PP (PP for (NP all its merchandise )NP )PP )VP (S (VP to (VP reduce (NP public confusion )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Lewis )NP (VP said (SBAR (S (NP the company )NP (VP (VP gave (NP the Consumer Affairs department )NP `` (NP (NP *UNK )NP (PP of (NP documents )NP )PP )NP '' (S (VP to (VP *UNK (NP its statements )NP )VP )VP )S )VP , and (VP made (NP `` every effort (S (VP to (VP comply '' (PP with (NP all (NP the agency 's )NP policies )NP )PP )VP )VP )S )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP its suit )NP )PP , (NP the consumer agency )NP (VP seeks (NP (NP (NP fines )NP (PP of (NP (NP $ 1,000 )NP (PP per (NP (NP violation )NP (PP of (NP (NP the city 's )NP Consumer Protection Law )NP )PP )NP )PP )NP )PP )NP , (NP (NP costs )NP (PP of (NP investigation )NP )PP )NP , and (NP (NP an injunction )NP (SBAR (S (VP to (VP prevent (NP *UNKC & Lewis )NP (PP from (S (VP continuing (NP its allegedly *UNK advertising )NP )VP )S )PP )VP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (NP *UNKC investors )NP (VP have (VP been (VP running (PP for (NP (NP (NP the stock market 's )NP equivalent )NP (PP of (NP *UNK *UNK )NP )PP )NP )PP , (S (VP buying (NP (NP shares )NP (PP of (NP (UCP *UNKING and utility )UCP companies )NP )PP )NP )VP )S )VP )VP )VP . )S  STOP
(S (NP Those two groups )NP (VP have (ADVP recently )ADVP (VP been (VP leading (NP (NP the list )NP (PP of (NP (NP stocks )NP (VP setting (NP new highs )NP )VP )NP )PP )NP )VP )VP )VP . )S  STOP
(S (PP On (NP Friday )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP only a dozen common stocks )NP (VP hit (NP *UNK- highs )NP (PP on (NP the New York Stock Exchange )NP )PP )VP )S )SBAR , (S (NP five )NP (VP were (NP *UNKING issues )NP )VP )S , and (S (NP another four )NP (VP were (NP utilities )NP )VP )S . )S  STOP
(S (PP On (NP Monday )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP a mere seven common stocks )NP (VP managed (NP new highs )NP )VP )S )SBAR , (NP six )NP (VP were (NP utilities or *UNK )NP )VP . )S  STOP
(S (PP At (NP first *UNK )NP )PP , (NP gold and utilities )NP (VP seem (NP *UNK *UNK )NP )VP . )S  STOP
(S (PP After (NP all )NP )PP , (NP gold prices )NP (ADVP usually )ADVP (VP *UNK (SBAR (WHADVP when )WHADVP (S (NP inflation )NP (VP is (ADJP high )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC stocks )NP , (PP on (NP the other hand )NP )PP , (VP *UNK (PP on (NP *UNK )NP )PP , (SBAR because (S (NP (NP the fat dividends )NP (SBAR (S (NP utilities )NP (VP pay )VP )S )SBAR )NP (VP look (ADJP more attractive )ADJP (SBAR (WHADVP when )WHADVP (S (NP prices )NP (VP are (VP (VP falling )VP (PRN -LRB- or (VP rising (ADVP slowly )ADVP )VP -RRB- )PRN )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (S But (NP the two groups )NP (VP have (NP (NP (NP something )NP (ADJP very important )ADJP )NP (PP in (ADJP common )ADJP )PP )NP )VP )S : (S (NP They )NP (VP are (NP (NP (NP both *UNK )NP (PP for (NP scared money )NP )PP )NP , (NP (NP stocks )NP (PP for (NP (NP people )NP (SBAR (WHNP who )WHNP (S (VP *UNK (NP stocks )NP )VP )S )SBAR )NP )PP )NP )NP )VP )S . )S  STOP
(S (NP It )NP (VP 's (SBAR as if (S (NP investors )NP , (NP the past few days )NP , (VP are (VP betting (SBAR that (S (NP something )NP (VP is (VP going (S (VP to (VP go (ADVP wrong )ADVP -- (SBAR even if (S (NP they )NP (VP do n't (VP know (FRAG (WHNP what )WHNP )FRAG )VP )VP )S )SBAR )VP )VP )S )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR If (S (NP (NP the stock market )NP and (NP the economy )NP )NP (VP (VP catch (NP their *UNK )NP )VP and (VP show (SBAR that (S (NP they )NP (VP 're (PP on (NP *UNK *UNKING )NP )PP )VP )S )SBAR )VP )VP )S )SBAR , (NP these stocks )NP (VP might (ADVP well )ADVP (VP fall (ADVP back )ADVP )VP )VP . )S  STOP
(S (ADVP Indeed )ADVP , (NP that )NP (VP happened (PP to (NP some extent )NP )PP (NP yesterday )NP , (SBAR as (S (NP industrial stocks )NP (VP rebounded , (PP (ADVP partly )ADVP on (NP (NP news )NP (PP of (NP (NP takeovers )NP (PP in (NP the paper industry )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Still )ADVP , (NP (NP a lot )NP (PP of (NP investors )NP )PP )NP (ADVP clearly )ADVP (VP have (VP *UNKED (NP (NP their interest )NP (PP in (NP gold and utility shares )NP )PP )NP )VP )VP . )S  STOP
(SINV `` (S (NP The primary *UNKING thing )NP (VP is (SBAR that (S (NP people )NP (VP are (ADJP *UNKED )ADJP )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP Martin *UNKC )NP , (NP a New York money manager )NP )NP . )SINV  STOP
(S `` (NP (NP The *UNK )NP (PP of (NP (NP Oct. 13 )NP (PRN -LRB- (SBAR (WHADVP when )WHADVP (S (NP the Dow Jones Industrial Average )NP (VP dropped (NP 190 points )NP )VP )S )SBAR -RRB- )PRN )NP )PP )NP (VP are (ADVP still )ADVP (VP *UNKING )VP )VP . '' )S  STOP
(S (ADVP *UNKLY )ADVP , (NP the Oct. 13 sell-off )NP (VP did n't (VP settle (NP any *UNK )NP )VP )VP . )S  STOP
(S (PP *UNKC (NP that )NP )PP , (NP (NP money managers )NP and (NP analysts )NP )NP (VP see (NP other problems )NP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP are (VP *UNKING (PRT up )PRT )VP )VP )S ; (S (NP car inventories )NP (VP are (ADVP already )ADVP (ADJP high )ADJP )VP )S , and (S (NP big auto makers )NP (VP are (VP *UNKING (NP plants )NP )VP )VP )S . )S  STOP
(S (NP *UNKC *UNK )NP (VP has (VP *UNKED , (S (VP removing (NP a major horse )NP (PP from (NP (NP the market 's )NP *UNK )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP (NP Britain 's )NP *UNKED political scene )NP (ADVP also )ADVP (VP worries (NP some investors )NP )VP . )S  STOP
(SINV (S `` (NP (NP The gyrations )NP (PP in (NP the British government )NP )PP )NP '' (VP add (NP political uncertainty )NP (PP on (NP (NP top )NP (PP of (NP (NP high inflation )NP and (NP a *UNKED stock market )NP )NP )PP )NP )PP )VP )S , (VP says )VP (NP (NP John Hoffman )NP , (NP (NP assistant director )NP (PP of (NP research )NP )PP (PP at (NP (NP Smith Barney )NP , (NP Harris Upham )NP & (NP Co )NP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP (NP One )NP (PP of (NP (NP the three major markets )NP (PP in (NP the world )NP )PP )NP )PP )NP (VP is (VP getting (VP *UNKED (PRT up )PRT (ADVP pretty bad )ADVP )VP )VP )VP . '' )S  STOP
(SINV `` (S (SBAR If (S (NP the Fed )NP (VP does not (VP (VP come (PP to (NP the rescue )NP )PP )VP and (VP produce (NP (ADJP lower short-term )ADJP interest rates )NP (PP over (NP the next 30 days )NP )PP )VP )VP )VP )S )SBAR , (NP the market )NP (VP 's (VP going (S (VP to (VP *UNK )VP )VP )S )VP )VP )S , '' (VP says )VP (NP (NP Larry *UNKC )NP , (NP (NP a market analyst )NP (PP with (NP Prudential-Bache Securities )NP )PP )NP )NP . )SINV  STOP
(S (SBAR With (S (NP (NP this sort )NP (PP of (NP sentiment )NP )PP )NP (ADJP common )ADJP )S )SBAR , (NP (NP it )NP )NP (VP 's (ADJP natural )ADJP (SBAR for (S (NP investors )NP (VP to (VP seek (PRT out )PRT (NP `` defensive '' investments )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Utilities )NP (VP are (NP a *UNK example )NP )VP )S : (S (PP (ADVP Even )ADVP in (NP *UNK )NP )PP , (NP people )NP (VP continue (S (VP to (VP use (NP (NP electric power )NP , (NP water )NP and (NP gas )NP )NP (PP at (NP a (ADJP fairly steady )ADJP rate )NP )PP )VP )VP )S )VP )S . )S  STOP
(S (NP (NP Such defensive issues )NP (PP as (NP (NP food )NP , (NP tobacco )NP , and (NP drug stocks )NP )NP )PP )NP (VP have (VP been (PP in (NP favor )NP )PP (PP for (NP some time )NP )PP )VP )VP . )S  STOP
(S But (NP (NP many )NP (PP of (NP these stocks )NP )PP )NP (VP have (ADVP now )ADVP (VP become (ADJP expensive )ADJP )VP )VP . )S  STOP
(S (S (NP Mr. *UNKC )NP (VP points (PP to (NP (NP Coca-Cola Co. )NP and (NP *UNKC Inc. )NP )NP )PP (PP as (NP *UNK )NP )PP )VP )S : (S (NP They )NP (VP 're (VP selling (PP for (NP (QP 18 to 22 times )QP estimated 1990 per-share earnings )NP )PP )VP )VP )S . )S  STOP
(S (NP Gold stocks )NP (VP are n't (ADJP cheap )ADJP (PP on (NP this basis )NP )PP , (ADVP either )ADVP , (PP with (S (NP many )NP (VP selling (PP for (NP (QP 20 times )QP earnings (QP or more )QP )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP Even utility stocks )NP (VP are n't (ADJP all that *UNK )ADJP , (S (PP at (NP (NP an average )NP (PP of (NP (QP 14 times )QP earnings )NP )PP )NP )PP )S )VP . )S  STOP
(S But (NP the two groups )NP (VP represent (NP (NP a further step )NP (PP in (NP *UNK )NP )PP )NP )VP . )S  STOP
(S (SBAR If (S (NP (NP gold stocks )NP and (NP utilities )NP )NP (VP continue (S (VP to (VP lead )VP )VP )S )VP )S )SBAR , (NP it )NP (VP may (VP signal (SBAR that (S (NP the market )NP (VP is (PP in (PP for (NP rough times )NP )PP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP That )NP (VP 's (SBAR (ADVP just )ADVP (WHNP what )WHNP (S (NP Joseph *UNKC )NP (VP expects )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP We )NP (VP are (VP going (S (VP to (VP *UNK (ADVP lower )ADVP )VP )VP )S )VP )VP )S , '' (VP says )VP (NP (NP the *UNK market *UNK )NP , (SBAR (WHNP who )WHNP (S (VP had (NP a huge following )NP (ADVP (NP a few years )NP back )ADVP )VP )S )SBAR )NP . )SINV  STOP
(S `` (NP (NP *UNKC )NP (VP telling (NP you )NP (S (VP to (VP buy (NP stocks )NP (PP in (NP this market )NP )PP )VP )VP )S )VP )NP (VP is (ADJP *UNKLY irresponsible )ADJP )VP . )S  STOP
(S (NP You )NP (VP do n't (VP want (S (VP to (VP own (NP (NP anything )NP )NP (ADVP long )ADVP (PP except (NP gold stocks )NP )PP )VP )VP )S )VP )VP . '' )S  STOP
(S (NP (NP One reason )NP (PP for (NP his *UNK )NP )PP )NP (VP is (NP (NP a weekly *UNKLY )NP (SBAR (S (NP he )NP (VP keeps (NP (PP of (NP (NP stocks )NP (PP within (NP (NP a point )NP (PP of (S (VP *UNKING (NP new highs or lows )NP )VP )S )PP )NP )PP )NP )PP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Last Friday )NP , (NP (NP 96 stocks )NP (PP on (NP the Big Board )NP )PP )NP (VP hit (NP new *UNK- lows )NP )VP . )S  STOP
(S But (PP by (NP (NP Mr. *UNKC 's )NP count )NP )PP , (NP *UNKN issues )NP (VP were (PP within (NP (NP one point )NP (PP of (NP such lows )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Robert *UNKC )NP , (NP (NP a veteran New York money manager )NP and (NP (NP president )NP (PP of (NP *UNKC Securities )NP )PP )NP )NP , )NP (VP has (NP money )NP (PP in (NP both (NP gold )NP and (NP utility issues )NP )NP )PP )VP . )S  STOP
(S `` (S (NP I )NP (VP think (SBAR (S (NP we )NP (VP could (ADVP very well )ADVP (VP have (NP (NP -LCB- an economic -RCB- slowdown )NP , (VP beginning (ADVP (ADVP very soon )ADVP (CONJP if )CONJP not (ADVP already )ADVP )ADVP )VP )NP )VP )VP )S )SBAR )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP does n't (VP expect (NP an actual recession )NP )VP )VP . )S  STOP
(S But (NP he )NP (VP does (VP expect (NP (NP `` a *UNK *UNK '' )NP (PP of (NP an economy )NP )PP )NP , (PP with (NP `` (NP (ADJP very slow )ADJP growth )NP , (NP (NP maybe one quarter )NP (PP of (NP (NP no growth )NP (ADVP at all )ADVP )NP )PP )NP )NP )PP )VP )VP . '' )S  STOP
(S (PP In (NP such a climate )NP )PP , (NP utility stocks )NP (VP look (ADJP good )ADJP (PP to (NP him )NP )PP )VP . )S  STOP
(S (NP He )NP (VP favors (NP (NP *UNKC Group Inc. )NP , (NP Florida *UNKC Corp. )NP , (NP *UNKC Energy Inc. )NP , (NP Wisconsin Energy Corp. )NP , and (NP *UNKC Resources Inc )NP )NP )VP . )S  STOP
(S (NP (NP The appeal )NP (PP of (NP gold issues )NP )PP )NP (PRN , (S (NP Mr. *UNKC )NP (VP says )VP )S , )PRN (VP is (SBAR that (S `` (NP they )NP (VP 're (NP a counter group )NP )VP )S )SBAR )VP . )S  STOP
(S (NP You )NP (VP go (PP into (NP them )NP )PP (SBAR because (S (NP they )NP (VP move (ADVP counter (PP to (NP the general market )NP )PP )ADVP )VP )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP adds (SBAR that (S (NP gold stocks )NP (VP had (VP been (ADJP down )ADJP (ADVP so long (SBAR (S (NP they )NP (VP were (ADJP `` ready (PP for (NP a *UNK )NP )PP )ADJP )VP )S )SBAR )ADVP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP His *UNK )NP (VP are (NP (NP American *UNKC Resources Corp. )NP , (NP *UNKC Bay *UNKC Ltd. )NP and (NP *UNKC *UNK *UNKC Corp )NP )NP )VP . )S  STOP
(S (ADVP Nevertheless )ADVP , (NP Mr. *UNKC )NP (VP *UNK (SBAR that `` (S (NP you )NP (VP do n't (VP buy (NP -LCB- gold stocks -RCB- )NP (PP based (PP on (NP powerful fundamentals )NP )PP )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (PP In (NP (NP addition )NP (PP to (S (VP having (NP high *UNK- *UNK )NP )VP )S )PP )NP )PP , (NP most )NP (VP pay (NP *UNK dividends )NP , (SBAR if (FRAG (NP any )NP )FRAG )SBAR )VP . )S  STOP
(S `` (S (NP (NP The earning power )NP -LCB- (PP of (NP gold mining companies )NP )PP -RCB- )NP (VP is (ADJP restricted )ADJP (SBAR unless (S (NP the gold price )NP (VP *UNK (ADVP up )ADVP (PP over (NP (NP $ *UNKN )NP (NP an ounce )NP )NP )PP )VP )S )SBAR )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP (NP *UNKC Cohen )NP , (NP (NP an investment strategist )NP (PP for (NP Drexel Burnham Lambert )NP )PP )NP , )NP (ADVP also )ADVP (VP thinks (SBAR (S (NP (NP it )NP )NP (VP makes (NP sense )NP (S (VP to (VP have (NP some money )NP (PP in (NP both (NP utilities )NP and (NP gold )NP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP My outlook )NP (VP is (PP for (NP (NP a decline )NP (PP of (NP (QP about 10 )QP % )NP )PP (PP in (NP corporate profits )NP )PP '' (PP in (NP 1990 )NP )PP )NP )PP )VP )S , (NP she )NP (VP says )VP . )S  STOP
(S But `` (NP (NP a *UNK )NP (PP of (NP utilities )NP )PP )NP '' (VP should (VP post (NP profit increases )NP )VP )VP . )S  STOP
(S (PP Among (NP utilities )NP )PP , (NP Drexel )NP (ADVP currently )ADVP (VP favors (NP (NP *UNKC Corp. )NP and (NP General Public Utilities Corp )NP )NP )VP . )S  STOP
(S (PP As (PP for (NP gold )NP )PP )PP , (NP she )NP (VP notes (SBAR that (S (NP it )NP (ADVP usually )ADVP (VP rises (SBAR (WHADVP when )WHADVP (S (NP the dollar )NP (VP is (ADJP weak )ADJP , (SBAR as (S (NP it )NP (VP has (VP been (ADVP lately )ADVP )VP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP Among (NP gold stocks )NP )PP , (NP Drexel )NP (VP likes (NP (NP *UNKC Mountain Gold Co. )NP , (NP *UNKC Gold Co. )NP and (NP *UNKC Gold Co )NP )NP )VP . )S  STOP
(S (NP (NP It )NP )NP (ADVP never )ADVP (VP *UNK (S (VP to (VP *UNK (NP me )NP )VP )VP )S (SBAR (WHADVP how )WHADVP (S (NP the business world )NP (VP continues (S (VP to (VP *UNK (NP (NP the world 's )NP environmental problems )NP )VP )VP )S )VP )S )SBAR -LRB- (SQ `` Is (NP (NP Science )NP , or (NP Private *UNKC )NP , )NP (VP *UNKING (NP *UNKC *UNKC )NP )VP ? '' )SQ (PP by (NP (NP George *UNKC )NP , (NP (NP Business World )NP , (NP Oct. 24 )NP )NP )NP )PP -RRB- )VP . )S  STOP
(S (S (VP To (VP suggest (SBAR that (S (NP (NP a (ADJP 10 % )ADJP drop )NP (PP in (NP ozone )NP )PP (PP by (NP (NP the middle )NP (PP of (NP the next century )NP )PP )NP )PP )NP (VP would (VP be (ADJP *UNK )ADJP )VP )VP )S )SBAR )VP )VP )S (VP is (ADJP irresponsible and *UNKED )ADJP )VP . )S  STOP
(S (VP Consider (NP the fact (SBAR that (S (NP (NP a (ADJP mere 2 % )ADJP drop )NP (PP in (NP ozone )NP )PP )NP (VP would (VP increase (NP (NP *UNK *UNK )NP and (NP *UNK )NP )NP (PP by (S (VP allowing (S (NP *UNK radiation )NP (VP to (VP alter (NP the *UNKC structure )NP )VP )VP )S )VP )S )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP Even a small reduction )NP (VP is (ADJP *UNK )ADJP )VP )S and (S (S (VP to (VP suggest (ADVP otherwise )ADVP )VP )VP )S (VP is (ADJP (ADJP *UNK- )ADJP and (ADJP *UNK- )ADJP )ADJP )VP )S . )S  STOP
(S (NP (NP The reason )NP (SBAR (S (NP environmentalists )NP `` (VP do n't (VP mind (S (VP seeing (S (NP new *UNK )NP (VP *UNK )VP )S )VP )S )VP )VP '' )S )SBAR )NP (VP is (SBAR because (S (NP there )NP (VP are (NP new *UNK )NP )VP )S )SBAR )VP . )S  STOP
(NP (NP *UNKC )NP (ADJP (ADJP (ADJP larger )ADJP and (ADJP more dangerous (PP to (NP (NP the quality )NP (PP of (NP life )NP )PP )NP )PP )ADJP )ADJP (SBAR than (S (NP they )NP (VP were (ADVP (NP 10 years )NP ago )ADVP )VP )S )SBAR )ADJP . )NP  STOP
(S (SBAR If (S (NP you )NP (VP are (ADJP *UNK )ADJP )VP )S )SBAR , (VP consider (PP for (NP a moment )NP )PP (SBAR that (S (NP (NP the *UNKC *UNKC *UNKC )NP (PP in (NP northern New Jersey )NP )PP , (SBAR (WHNP which )WHNP (S (VP supply (NP the *UNK area )NP (PP with (NP drinking water )NP )PP )VP )S )SBAR , )NP (VP are (VP *UNKED (PP with (NP *UNK *UNKC )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP This )NP (VP is (NP (NP a fact )NP and (NP (NP not the product )NP (PP of (NP (NP some environmental *UNK )NP or (NP (NP a group 's )NP *UNK (S (VP to (VP create (NP a market )NP )VP )VP )S )NP )NP )PP )NP )NP )VP . )S  STOP
(S (NP It )NP (VP 's (NP (NP time )NP (SBAR (S (NP (NP business leaders )NP and (NP the general public )NP )NP (VP learn (SBAR that (S (NP *UNK )NP (VP (VP does not (VP rule (PP over (NP this natural environment )NP )PP )VP )VP but (VP is (ADVP rather )ADVP (NP (NP the *UNK , *UNK player )NP (PP within (NP (NP nature 's )NP *UNK )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )NP )VP . )S  STOP
(NP (NP Mark T. *UNKC )NP (NP (NP Jersey City )NP , (NP N.J . )NP )NP )NP  STOP
(S (S (NP (NP Mr. *UNKC 's )NP column )NP (VP was (PP (ADVP right )ADVP on (NP the money )NP )PP )VP )S , but (S (NP I )NP (VP wish (SBAR (S (NP it )NP (VP could (VP have (VP gone (ADVP (NP one step )NP further )ADVP )VP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (PP As (NP (NP an employee )NP (PP of (NP a major *UNK and *UNK manufacturer )NP )PP )NP )PP , (NP I )NP (VP have (VP been (ADVP heavily )ADVP (VP involved (PP in (S (VP dealing (PP with (NP (NP (NP the political *UNK )NP (PP of (NP (NP the *UNKC theory )NP (PRN -LRB- (VP named (PP after (NP (NP the researchers )NP (SBAR (WHNP who )WHNP (S (VP found (PP in (NP 1974 )NP )PP (SBAR that (S (NP *UNK )NP (VP contributed (PP to (NP (NP the *UNK )NP (PP of (NP (NP ozone )NP (PP in (NP (NP the *UNK 's )NP atmosphere )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP -RRB- )PRN )NP )PP )NP and (NP the Montreal *UNKC )NP )NP )PP )VP )S )PP )VP )VP )VP . )S  STOP
(S (NP (NP An important part )NP (PP of (NP my effort )NP )PP )NP (VP has (VP been (S (VP to (VP understand (NP the science )NP (SBAR so (S (NP I )NP (VP can (VP explain (NP it )NP (PP to (NP (NP corporate colleagues )NP (VP facing (NP (NP major changes )NP (PP in (NP product design )NP )PP )NP )VP )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (PP In (NP my research )NP )PP , (NP I )NP (VP have (VP found (NP (NP (NP a paper )NP (PP by (NP (NP (NP Joseph *UNKC )NP (PP of (NP the National Cancer Institute )NP )PP )NP and (NP several colleagues )NP )NP )PP )NP (VP reporting (NP (NP an *UNK- decrease )NP (PP in (NP *UNKC radiation )NP )PP (PP at (NP eight U.S. *UNK sites )NP )PP )NP )VP )NP )VP )VP . )S  STOP
(S (NP (NP Our concern )NP (PP for (NP the ozone *UNK )NP )PP )NP , (PP of (NP course )NP )PP , (VP *UNK (PP out (PP of (NP (NP the potential )NP (PP for (NP (NP increasing *UNKC radiation )NP , (SBAR (WHNP which )WHNP (S (VP could (VP damage (NP *UNK and *UNK )NP )VP )VP )S )SBAR )NP )PP )NP )PP )PP )VP . )S  STOP
(S (S (NP (NP (NP The last )NP (PP of (NP the *UNK )NP )PP )NP (VP reported )VP )NP (VP was (PP in (NP 1985 )NP )PP )VP )S , but (S (NP (NP recent conversations )NP (PP with (NP Mr. *UNKC )NP )PP )NP (VP indicated (SBAR that (S (NP he )NP (VP knew (PP of (NP (NP no recent changes )NP (PP in (NP the trend )NP )PP )NP )PP )VP )S )SBAR )VP )S . )S  STOP
(S (NP I )NP (VP understand (PRN , but (VP have n't (ADVP yet )ADVP (VP *UNKED )VP )VP , )PRN (SBAR that (S (NP there )NP (VP are (NP (NP studies )NP (PP by (NP (NP *UNKC )NP , (NP *UNKC )NP and (NP the Max *UNKC Institute )NP )NP )PP (SBAR (WHNP that )WHNP (S (VP show (NP either (VP *UNKING or declining )VP *UNKC )NP (PP at (NP the surface )NP )PP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (PP To (NP me )NP )PP , (NP this )NP (VP calls (PP into (NP question )NP )PP (NP (NP the *UNK )NP (PP of (NP (NP the *UNKC theory )NP and (ADVP *UNK )ADVP (NP the whole *UNK replacement effort )NP )NP )PP )NP )VP . )S  STOP
(S (NP This )NP , (PP in (NP turn )NP )PP , (VP *UNK (NP (NP the massive *UNKED interests )NP (SBAR (WHPP of (WHNP which )WHNP )WHPP (S (NP you )NP (VP have (VP written )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP My questions )NP (PP on (NP this subject )NP )PP )NP (PP at (NP (NP a recent meeting )NP (PP at (NP the World Resources Institute )NP )PP (PP with (NP (NP representatives )NP (PP of (NP (NP the National *UNKC Development Commission )NP , (NP the Environmental Protection Agency )NP , (NP (NP *UNKC )NP (PP of (NP the Earth )NP )PP )NP , (X *UNK )X )NP )PP )NP )PP )NP )PP (VP were (VP *UNKED (PP with (NP (NP *UNK )NP and (NP (NP some *UNKED comments )NP (PP about (NP (NP that report )NP (VP being (VP *UNKED )VP )VP )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP I )NP (VP expressed (NP *UNK (SBAR that (S (NP no one )NP (VP was (VP *UNKING (NP a (ADJP more current and *UNK )ADJP *UNKC study )NP )VP )VP )S )SBAR )NP )VP )S )SBAR , (NP I )NP (VP was (VP urged (S (VP to (VP get (ADVP back )ADVP (PP to (NP (NP the agenda topic )NP , (SBAR (WHNP which )WHNP (S (VP was , (ADVP *UNKLY )ADVP , (NP (NP a schedule )NP (PP for (S (VP getting (ADJP rid (PP of (NP (NP *UNKC )NP , (NP (NP the so-called soft CFCs )NP (SBAR (WHNP that )WHNP (S (VP are (NP (NP such an important part )NP (PP of (NP the *UNKC *UNK scenario )NP )PP )NP )VP )S )SBAR )NP )NP )PP )ADJP )VP )S )PP )NP )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP I )NP (VP have (VP learned (SBAR that (S (NP (NP a private group )NP , (SBAR (WHPP of (WHNP which )WHNP )WHPP (S (NP Du Pont )NP (VP is (NP (NP a part )NP )NP )VP )S )SBAR , )NP (VP is (VP funding (NP a modest program (S (VP (VP to (VP continue (NP (NP data gathering )NP (PP at (NP the *UNKC report stations )NP )PP )NP )VP )VP (CONJP as well as )CONJP (VP to (VP develop (NP (ADJP more sophisticated )ADJP *UNKC *UNKING instruments )NP )VP )VP )VP )S )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S But (NP this )NP (VP is (NP almost an *UNK activity )NP )VP . )S  STOP
(S (PP To (NP my *UNK )NP )PP , (NP (NP no government entities )NP , (PP including (NP the EPA )NP )PP , )NP (VP are (VP pursuing (NP *UNKC *UNK )NP )VP )VP . )S  STOP
(S (NP The topic )NP (ADVP never )ADVP (VP comes (PRT up )PRT (PP in (NP (NP *UNK `` establishment '' meetings )NP , (SBAR (WHPP of (WHNP which )WHNP )WHPP (S (NP I )NP (VP have (VP attended (NP (NP many )NP )NP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP It )NP (VP seems (PP to (NP me )NP )PP (SBAR that (S (NP such *UNK )NP (VP are (NP (NP a *UNK part )NP (PP of (NP (NP any (ADJP *UNKLY *UNK )ADJP evaluation )NP (PP of (NP (NP the threat )NP (VP *UNKED (PP by (NP CFCs )NP )PP )VP )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (SBAR While (S (VP *UNKING (SBAR that (S (NP professional environmentalists )NP (VP may (VP feel (ADJP threatened )ADJP )VP )VP )S )SBAR )VP )S )SBAR , (NP I )NP (VP intend (S (VP to (VP urge (SBAR that (S (NP *UNKC )NP (VP be (VP monitored )VP )VP )S )SBAR (SBAR (WHADVP *UNK )WHADVP (S (NP I )NP (VP can )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(X (NP (NP Frederick H. *UNKC )NP (NP Vice President )NP )NP (NP Industry and Government Relations )NP (NP (NP White Consolidated Industries Inc . )NP (NP Washington )NP )NP )X  STOP
(S (NP (NP The relationship )NP (PP between (NP (NP (NP surface release )NP (PP of (NP CFCs )NP )PP )NP and (NP global *UNK ozone loss )NP )NP )PP )NP (VP was (VP identified (PP (ADVP back )ADVP in (NP 1974 )NP )PP )VP )VP . )S  STOP
(S (SBAR Although (PRN , (PP like (NP all scientific *UNK )NP )PP , )PRN (S (NP it )NP (VP had (NP its initial opponents )NP )VP )S )SBAR , (NP few experts )NP (VP question (NP the connection )NP (ADVP now )ADVP )VP . )S  STOP
(S (NP (NP (NP The *UNK )NP (PP of (NP (NP the ozone `` hole '' )NP (PP over (NP *UNKC )NP )PP )NP )PP )NP and (NP (NP the results )NP (PP of (NP (NP (ADJP *UNKED and *UNK- )ADJP aircraft experiments )NP (VP conducted (PP over (NP the past several years )NP )PP )VP )NP )PP )NP )NP (VP serve (PP as (NP evidence (SBAR that (S (NP ozone *UNK )NP (VP is (VP related (PP to (NP *UNKC *UNK )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP In (NP (NP the September issue )NP (PP of (NP *UNKC American )NP )PP )NP )PP , (NP (NP (NP Thomas E. *UNKC )NP , (NP (NP *UNKED member )NP (PP of (NP (NP the technical staff )NP (PP at (NP AT&T Bell *UNKC )NP )PP )NP )PP )NP , )NP and (NP (NP Paul J. *UNKC )NP , (NP (NP director )NP (PP of (NP (NP the air *UNK division )NP (PP of (NP (NP the Max *UNKC Institute )NP (PP for (NP *UNKC )NP )PP (PP in (NP (NP *UNKC )NP , (NP West Germany )NP )NP )PP )NP )PP )NP )PP )NP , )NP )NP (VP wrote , (S `` (NP (NP It )NP )NP (VP is (ADVP now )ADVP (ADJP quite evident )ADJP (SBAR that (S (NP (NP *UNK )NP , (NP particularly *UNKC and *UNKC )NP )NP (VP are (NP (NP the major *UNK )NP (ADJP responsible (PP for (NP ozone *UNK )NP )PP )ADJP )NP )VP )S )SBAR )VP )S )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP (VP quotes (NP Peter *UNKC )NP )VP and (VP *UNK (NP (NP the name )NP (PP of (NP Arthur D. Little Inc. )NP )PP )NP )VP (S (VP to (VP support (NP his statement )NP )VP )VP )S )VP . )S  STOP
(S (ADVP However )ADVP , (PP unlike (NP (NP Messrs. *UNKC and *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP are (ADVP both )ADVP (NP (NP *UNK )NP (PP in (NP (NP the study )NP (PP of (NP *UNK *UNK )NP )PP )NP )PP )NP )VP )S )SBAR )NP )PP , (NP Mr. *UNKC )NP (VP has (NP no special expertise )NP (PP in (NP the area )NP )PP )VP . )S  STOP
(S (NP He )NP (VP is (NP (NP a *UNK engineer )NP , (NP not an *UNK *UNK )NP )NP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP is (ADJP *UNKING and *UNKING )ADJP (S (VP to (VP say (SBAR (SBAR that (S (NP scientists )NP `` (VP needed (NP new *UNK )NP (S (VP to (VP generate (NP new grants and contracts )NP )VP )VP )S )VP '' )S )SBAR and (SBAR that (S (NP environmental groups )NP (VP need (NP them )NP (S (VP to (VP stay (PP in (NP business )NP )PP )VP )VP )S )VP )S )SBAR )SBAR )VP )VP )S )VP . )S  STOP
(S (S (VP *UNKING (NP (NP the global environmental problems )NP (SBAR (S (NP we )NP all (VP face )VP )S )SBAR )NP )VP )S (VP will (VP require (NP (NP an unprecedented level )NP (PP of (NP (NP cooperation and *UNK )NP (PP among (NP (NP industry )NP , (NP policy makers )NP and (NP (NP the scientific community )NP (ADVP world-wide )ADVP )NP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(X (NP (NP *UNKC *UNKC *UNKC )NP (NP *UNKC )NP )NP (NP (NP *UNKC Environmental *UNKC Report )NP (NP (NP *UNKC )NP , (NP Mass )NP )NP )NP . )X  STOP
(S (PP (NP Nearly two months )NP after (S (VP saying (SBAR (S (NP it )NP (VP had (VP been (NP (NP the victim )NP (PP of (NP widespread fraud )NP )PP )NP )VP )VP )S )SBAR )VP )S )PP , (NP MiniScribe Corp. )NP (VP (VP disclosed (SBAR (S (NP it )NP (VP had (NP (NP a negative net worth )NP (PP of (NP (QP $ 88 million )QP )NP )PP )NP (PP as (PP of (NP July 2 )NP )PP )PP )VP )S )SBAR )VP and (VP *UNKED (SBAR that (S (NP it )NP (VP might (VP be (VP forced (S (VP to (VP file (PP for (NP (NP protection )NP (PP under (NP bankruptcy laws )NP )PP )NP )PP )VP )VP )S )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Richard *UNKC )NP , (NP (NP (NP chairman )NP and (NP chief executive )NP )NP (PP of (NP the (NAC *UNKC , Colo. , )NAC *UNK- maker )NP )PP )NP , )NP (ADVP also )ADVP (VP said (SBAR (S (NP the company )NP (VP (VP continued (S (VP losing (NP money )NP (PP in (NP the third quarter )NP )PP )VP )S )VP and (VP expects (S (VP to (VP sustain (NP further losses )NP (PP through (NP (NP the end )NP (PP of (NP the year )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP (VP told (NP industry analysts )NP (SBAR (S (NP he )NP (VP is (VP moving `` (ADVP aggressively )ADVP '' (S (VP to (VP negotiate (NP (NP *UNK- settlements )NP (PP on (NP (NP a number )NP (PP of (NP shareholder lawsuits )NP )PP )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP , but (VP noted (SBAR that (S (NP the company )NP (VP could (VP file (PP for (NP bankruptcy-law protection )NP )PP (SBAR if (S (NP settlement talks )NP (VP fail )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (ADVP also )ADVP (VP noted (SBAR that (S (NP (NP (QP 150 million )QP shares )NP (PP of (NP MiniScribe common stock )NP )PP )NP (VP were (VP traded (PP during (NP the past three years )NP )PP , `` (SBAR so (S (NP there )NP (VP 's (NP (NP a tremendous amount )NP (PP of (NP exposure )NP )PP )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP MiniScribe )NP (VP has (VP said (SBAR that (S (NP (NP its financial results )NP (PP for (NP the past three fiscal years )NP )PP )NP (VP would (VP have (S (VP to (VP be (VP restated (PP because of (NP (NP the (ADJP allegedly fraudulent )ADJP accounting and marketing practices )NP (SBAR (WHNP that )WHNP (S (VP *UNKED (NP (NP revenues )NP and (NP net income )NP )NP )VP )S )SBAR )NP )PP )VP )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP MiniScribe )NP (ADVP also )ADVP (VP has n't (VP filed (NP (NP any financial statements )NP (PP for (NP 1989 )NP )PP )NP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP such statements )NP (VP should (VP be (ADJP ready )ADJP (PP by (NP (NP the end )NP (PP of (NP November )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP he )NP (VP expects (S (NP the company )NP (VP to (VP have (NP (NP (QP $ 500 million )QP )NP (PP in (NP sales )NP )PP )NP (PP for (NP this year )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP did n't (VP say (SBAR (WHNP what )WHNP (S (NP the company )NP (VP expected (S (VP to (VP report (PP for (NP (NP year-earlier sales )NP , (SBAR (WHNP which )WHNP (S (VP will (VP be (VP restated (PP from (NP the (ADJP previously reported )ADJP (QP $ *UNKN million )QP )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP The release )NP (PP of (NP (NP MiniScribe 's )NP new balance sheet )NP )PP )NP (VP came (SBAR (NP one day )NP after (S (NP it )NP (VP introduced (NP (NP its new line )NP (PP of (NP *UNK- disk drives )NP )PP , (SBAR (WHPP on (WHNP which )WHNP )WHPP (S (NP it )NP (VP is (VP *UNKING (NP (NP much )NP (PP of (NP (NP its hope )NP (PP for (NP survival )NP )PP )NP )PP )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (S (SBAR Although (S (NP it )NP (VP is not (NP (NP the first company )NP (SBAR (S (VP to (VP produce (NP (NP the *UNK drives )NP , (SBAR (WHNP which )WHNP (S (VP store (NP information )NP (PP in (NP personal computers )NP )PP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP )S )SBAR , (NP MiniScribe )NP (VP says (SBAR (S (NP it )NP (VP is (NP (NP the first )NP (PP with (NP an *UNK- drive )NP )PP )NP )VP )S )SBAR )VP )S ; (S (NP the company )NP (VP plans (S (VP to (VP introduce (NP a *UNK- drive )NP (NP next year )NP )VP )VP )S )VP )S . )S  STOP
(S (NP Analysts and consultants )NP (VP had (NP (NP mixed reactions )NP (PP to (NP (NP yesterday 's )NP announcements )NP )PP )NP , (S (VP (VP *UNKING (NP (NP Mr. *UNKC 's )NP efforts )NP )VP but (VP *UNKING (SBAR whether (S (NP the company )NP (VP can (VP survive (PP in (NP a highly competitive marketplace )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's (NP a *UNK- attitude )NP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP vice president )NP (PP of (NP storage research )NP )PP (PP for (NP International Data Corp )NP )PP )NP )NP . )SINV  STOP
(S (NP Others )NP (VP pointed (PRT out )PRT (SBAR (SBAR that (S (NP (QP at least four )QP other *UNK- makers )NP (VP will (VP have (NP competitive *UNK- drives )NP (NP early next year )NP )VP )VP )S )SBAR and (SBAR that (S (NP the industry )NP (ADVP already )ADVP (VP operates (PP on (NP (ADJP very thin )ADJP margins )NP )PP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP The company )NP (ADVP also )ADVP (VP faces (NP (NP *UNKING )NP (PP by (NP (NP the National Association )NP (PP of (NP Securities Dealers )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The company )NP (VP continues (S (VP to (VP trade (PP in (NP the over-the-counter market )NP )PP (PP with (NP (NP an exception )NP (PP to (NP listing requirements )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP MiniScribe )NP (VP (VP filed (NP (NP a status report )NP )NP (PP with (NP the *UNKC )NP )PP (PP on (NP Monday )NP )PP , (VP (VP *UNKING (NP its efforts (S (VP to (VP comply (PP with (NP listing requirements )NP )PP )VP )VP )S )NP )VP and (VP *UNKING (NP (NP an extension )NP (PP of (NP the exception )NP )PP )NP )VP )VP )VP , but (VP has n't (VP received (NP a response )NP )VP )VP )VP . )S  STOP
(S (NP MiniScribe common )NP (VP (VP closed (NP yesterday )NP (PP at (NP $ *UNKN )NP )PP , (ADVP down (NP 6.25 cents )NP )ADVP )VP , and (VP has (VP been (VP trading (PP for (NP several months )NP )PP (PP at (NP (NP (QP less than $ 3 )QP )NP (NP a share )NP )NP )PP )VP )VP )VP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP U.S. Attorney Jerry *UNKC )NP (PP in (NP Denver )NP )PP )NP (VP is (VP reviewing (NP (NP the report )NP (VP prepared (PP by (NP (NP MiniScribe 's )NP outside directors )NP )PP )VP )NP , (S (VP to (VP determine (SBAR if (S (NP criminal charges )NP (VP should (VP be (VP brought (PP before (NP a grand jury )NP )PP )VP )VP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (NP The MiniScribe report )NP (VP *UNK (NP (NP a host )NP (PP of (NP (NP (ADJP allegedly fraudulent )ADJP practices )NP , (VP including (NP (NP (NP the *UNK )NP (PP of (NP (NP (NP *UNK )NP and (NP *UNK disk drives )NP )NP (SBAR (WHNP that )WHNP (S (VP were (VP *UNKED (PP as (NP sales )NP )PP )VP )VP )S )SBAR )NP )PP )NP , and (NP (NP inventory *UNK )NP (PP in (NP accounting records )NP )PP )NP )NP )VP )NP )PP )NP )VP . )S  STOP
(S (NP The internal investigation )NP (ADVP also )ADVP (VP criticized (NP (NP (NP MiniScribe 's )NP *UNK )NP , (NP *UNKC & *UNKC )NP , )NP (PP for (S (ADVP allegedly )ADVP (VP ignoring (NP numerous red *UNK )NP )VP )S )PP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP the board )NP (ADVP still )ADVP (VP has n't (VP acted (PP on (NP (NP most )NP (PP of (NP (NP the internal report 's )NP recommendations )NP )PP )NP )PP , (S (VP pending (NP (NP *UNK )NP (PP of (NP the balance sheet )NP )PP )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP added (SBAR that (S (NP he )NP (VP expects (S (VP to (VP make (NP (NP a recommendation )NP )NP (PP within (NP a few weeks )NP )PP (PP on (SBAR whether (S (NP MiniScribe )NP (VP should (VP file (NP (NP its own lawsuits )NP (PP against (NP former company officers and directors )NP )PP )NP )VP )VP )S )SBAR )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(X (NP American *UNKC Institute *UNK Norman *UNKC )NP (PP in (NP (NP the (NAC Oct. 21 )NAC TV *UNKC )NP (PP on `` (SBAR (WHNP What )WHNP (S (NP TV News )NP (VP (VP *UNKC n't (VP Report (PP About (NP Congress )NP )PP )VP )VP -- and (VP *UNKC )VP )VP )S )SBAR '' )PP )NP )PP : )X  STOP
(S (PP By (S (VP *UNKING (NP all their resources )NP (PP on (NP (NP the pay raise )NP , (NP Wright )NP and (NP Tower )NP )NP )PP )VP )S )PP , (NP the networks )NP (ADVP actually )ADVP (VP *UNKED (NP (NP some major stories )NP (SBAR (WHNP that )WHNP (S (VP showed (NP (NP the *UNK and *UNK )NP (PP of (NP the institution )NP )PP )NP )VP )S )SBAR )NP )VP ... . )S  STOP
(S (NP An *UNK producer )NP (VP could (ADVP easily )ADVP (VP have (VP created (NP (NP a (ADJP *UNKING and interesting )ADJP piece )NP (PP about (SBAR (SBAR (WHADVP how )WHADVP (S (NP Congress )NP (ADVP really )ADVP (VP works )VP )S )SBAR -- and (SBAR (WHADVP why )WHADVP (S (NP (NP voters )NP (PP in (PRN , (INTJ say )INTJ , )PRN (NP West Virginia )NP )PP )NP (VP got (NP a (ADJP federally funded )ADJP (NX (NX university project )NX and (NX building )NX )NX )NP (SBAR while (S (NP (NP voters )NP (PP in (NP Arkansas )NP )PP )NP (VP did not )VP )S )SBAR )VP )S )SBAR )SBAR )PP )NP )VP )VP )VP . )S  STOP
(S But (NP nobody )NP (VP did (NP such a piece )NP , (S (VP reflecting (NP (NP a *UNK *UNK )NP : (S (SBAR (X the more )X (S (NP a scandal )NP (VP has (S (VP to (VP do (PP with (NP (NP (NP a congressman 's )NP duties )NP (PP as (NP a congressman )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR , (X the (ADJP less likely )ADJP )X (NP it )NP (VP is (S (VP to (VP catch (NP (NP the fancy )NP (PP of (NP a network )NP )PP )NP )VP )VP )S )VP )S )NP )VP )S )VP . )S  STOP
(X (NP *UNKC Michael *UNKC )NP , (PP in (NP (NP one )NP (PP of (NP (NP (NP his institute 's )NP recent publications )NP (PP on `` (X (NP *UNKC )NP : (PP In (NP the Year 2000 )NP )PP )X '' )PP )NP )PP )NP )PP : )X  STOP
(S (NP (NP The *UNK definition )NP (PP of (NP *UNK )NP )PP )NP (VP will (VP favor (NP (NP (ADJP virtually *UNKED )ADJP use )NP (PP of (NP (ADJP personal , sensitive and intimate )ADJP facts )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP (NP *UNKC standards )NP (PP of (NP *UNK and importance )NP )PP )NP (PRN -LRB- `` (SQ is (NP this )NP (NP (NP something )NP (SBAR (S (NP the public )NP (VP ought (S (VP to (VP know )VP )VP )S )VP )S )SBAR )NP )SQ '' -RRB- )PRN )NP (VP will (VP be (VP replaced (PP by (NP (NP a (ADJP much broader )ADJP test )NP (PRN -LRB- `` (SQ is (NP this )NP (NP (NP something )NP (SBAR (S (NP the public )NP (VP is (ADJP interested (PP in (S (VP *UNKING )VP )S )PP )ADJP )VP )S )SBAR )NP )SQ '' -RRB- )PRN )NP )PP )VP )VP )VP . )S  STOP
(S And , (SBAR since (S (NP the public )NP (VP has (ADVP always )ADVP (VP been (VP *UNKED (PP by (NP *UNK and *UNK )NP )PP )VP )VP )VP )S )SBAR , (NP reporters and *UNK )NP (VP will (VP strain (PP for (NP creative *UNK )NP )PP (S (VP to (VP justify (NP (NP the *UNK )NP (PP of (NP (NP collateral facts )NP (PP about (NP private lives )NP )PP (PP including (NP (NP (NP *UNK activities )NP and (NP domestic relationships )NP )NP , (NP (NP activities )NP (PP of (NP family members )NP )PP )NP , and (NP (NP all matters )NP (PP about (NP (ADJP *UNK and physical )ADJP health )NP )PP )NP )NP )PP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP *UNK images )NP (VP will (VP be (ADJP more *UNK , *UNK and , (ADVP sometimes )ADVP , *UNK )ADJP )VP )VP . )S  STOP
(S (NP (NP One *UNK )NP (PP of (NP (NP the trend )NP (PP toward (NP (NP *UNK standards )NP (PP of (NP taste )NP )PP )NP )PP )NP )PP )NP (VP will (VP be (NP (NP *UNK attacks )NP (PP from (NP (NP politicians )NP (SBAR (WHNP who )WHNP (S (VP will (VP find (NP (NP sufficient evidence )NP (PP of (NP abuse )NP )PP (SBAR (S (VP to (VP *UNK (S (NP an (ADJP already *UNK )ADJP public )NP (VP to (VP control (NP the press )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP Bankers Trust New York Corp. )NP (VP won (NP (NP permission )NP (PP from (NP the Federal Reserve Board )NP )PP (S (VP to (VP move (NP (NP the company 's )NP private *UNK department )NP (PP to (NP its *UNKING securities subsidiary )NP )PP )VP )VP )S )NP )VP . )S  STOP
(S (NP (NP The (ADJP seemingly *UNK )ADJP action )NP , (SBAR (WHNP which )WHNP (S (VP was (VP opposed (PP by (NP (NP the Securities Industry Association )NP , (NP a trade group )NP , )NP )PP )VP )VP )S )SBAR )NP (VP has (NP (NP important implications )NP (PP for (NP (NP (NP banks ' )NP recent entry )NP (PP into (NP (NP the underwriting )NP (PP of (NP corporate securities )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP The Fed 's )NP action )NP (VP increases (NP (NP the volume )NP (PP of (NP (NP (ADJP publicly registered )ADJP securities )NP (SBAR (WHNP that )WHNP (S (NP (NP banks ' )NP securities affiliates )NP (VP will (VP be (ADJP able (S (VP to (VP *UNK )VP )VP )S )ADJP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP Several other banks )NP (VP have (NP (NP similar applications )NP (ADJP pending )ADJP )NP )VP . )S  STOP
(S (PP Over (NP the past two years )NP )PP , (NP the Fed )NP (VP has (VP given (NP (NP a handful )NP (PP of (NP (NP banks ' )NP securities affiliates )NP )PP )NP (NP permission (S (VP to (VP (VP *UNK )VP and (VP deal (PP in )PP )VP (NP (NP a variety )NP (PP of (NP (NP (ADJP corporate , asset-backed and municipal )ADJP securities )NP (SBAR (WHNP that )WHNP (S (VP had (ADVP previously )ADVP (VP been (NP (NP the sole *UNK )NP (PP of (NP securities firms )NP )PP )NP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )NP )VP )VP . )S  STOP
(S (NP Securities firms )NP (VP have (VP challenged (NP those Fed *UNK )NP , (S (VP saying (SBAR (S (NP they )NP (VP violate (NP (NP federal laws )NP (VP *UNKING (NP the banking and securities businesses )NP )VP )NP )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(S (ADVP However )ADVP , (NP the Fed )NP (VP limited (NP (NP the revenue )NP (SBAR (WHNP that )WHNP (S (NP banks )NP (VP could (VP earn (PP from (NP these new underwriting activities )NP )PP )VP )VP )S )SBAR )NP (PP to (NP (NP (QP no more than 10 )QP % )NP (PP of (NP (NP the revenue )NP (VP earned (PP from (NP (NP other securities activities )NP (ADJP long open (PP to (NP banks )NP )PP )ADJP , (PP such as (S (VP dealing (PP in (NP U.S. Treasurys )NP )PP )VP )S )PP )NP )PP )VP )NP )PP )NP )PP )VP . )S  STOP
(S (PP For (NP some banks )NP )PP (NP that (ADJP 10 % )ADJP ceiling )NP (VP created (NP problems )NP )VP . )S  STOP
(S But , (PP by (S (VP allowing (S (NP *UNK Securities Inc. )NP (VP to (VP handle (NP private *UNK )NP )VP )VP )S )VP )S )PP , (NP the Fed )NP (VP boosted (NP (NP the volume )NP (PP of (NP (NP new types )NP (PP of (NP (NP underwriting )NP (SBAR (WHNP that )WHNP (S (NP the unit )NP (VP can (VP do )VP )VP )S )SBAR )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Private *UNK )NP (VP involve (NP (NP debt )NP and (NP equity securities )NP )NP , (PP (ADVP typically )ADVP in (NP (NP denominations )NP (PP of (NP (QP $ 1 million )QP )NP )PP , (SBAR (WHNP that )WHNP (S (VP (VP are (VP sold (PP to (NP institutional investors )NP )PP )VP )VP and (VP are n't (VP registered (PP with (NP the Securities and Exchange Commission )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Last year )NP , (NP Bankers Trust )NP (VP said (SBAR (S (NP it )NP (VP placed (NP (NP (QP $ 10 billion )QP )NP (PP of (NP corporate debt and equities )NP )PP )NP (ADVP privately )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Companies )NP (VP listed (ADVP below )ADVP )VP )NP (VP reported (NP (NP quarterly profit )NP (ADJP substantially different (PP from (NP (NP the average )NP (PP of (NP (NP analysts ' )NP estimates )NP )PP )NP )PP )ADJP )NP )VP . )S  STOP
(S (NP The companies )NP (VP (VP are (VP followed (PP by (NP (QP at least three )QP analysts )NP )PP )VP )VP , and (VP had (NP (NP a minimum *UNK- change )NP (PP in (NP (NP actual earnings )NP (PP per (NP share )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP (ADJP Estimated and actual )ADJP results )NP (VP involving (NP losses )NP )VP )NP (VP are (VP *UNKED )VP )VP . )S  STOP
(S (NP The percent difference )NP (VP compares (NP actual profit )NP (PP with (NP (NP the 30-day estimate )NP (SBAR (WHADVP where )WHADVP (S (NP (QP at least three )QP analysts )NP (VP have (NP issues forecasts )NP (PP in (NP the past 30 days )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (ADVP Otherwise )ADVP , (NP actual profit )NP (VP is (VP compared (PP with (NP the *UNK- estimate )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC J. *UNKC )NP (VP was (VP named (S (NP (NP an executive vice president )NP (PP of (NP (NP the American Express *UNKC *UNKED Services Co. unit )NP (PP of (NP this (ADJP travel and financial )ADJP services firm )NP )PP )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP She )NP (VP retains (NP (NP her duties )NP (PP of (NP *UNK- director )NP )PP )NP )VP . )S  STOP
(S (NP (NP Joe F. Lynch )NP , (NP (NP the *UNK- (NX (NX chairman )NX and (NX chief executive officer )NX )NX )NP (PP of (NP First Continental Real Estate Investment Trust )NP )PP )NP , )NP (VP was (VP named (PP to (NP (NP the new post )NP (PP of (NP (NP vice chairman )NP (PP of (NP this bank holding company )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Every *UNK )NP (PP at (NP 11 a.m. )NP )PP , (NP *UNK- Mike *UNKC )NP (VP (VP *UNK (NP *UNKING clothes )NP )VP , (VP *UNK (PP on (NP (NP a bike )NP (SBAR (S (NP he )NP (VP keeps (PP at (NP his (NAC Morgan Hill , Calif. , )NAC office )NP )PP )VP )S )SBAR )NP )PP )VP and (VP sets (PRT out )PRT (S (VP to (VP cover (NP (NP a distance )NP (SBAR (S (NP most people )NP (VP would (VP travel (PP (ADVP only )ADVP by (NP car )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP (QP As many as 50 )QP )NP (PP of (NP (NP his employees )NP (PP at (NP Specialized *UNKC *UNKC Inc. )NP )PP )NP )PP )NP (VP ride (PP with (NP him )NP )PP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP they )NP (VP return (PP to (NP their *UNK )NP )PP (PP at (NP 1 p.m. )NP )PP )VP )S )SBAR , (NP they )NP (VP have (VP *UNKED (NP 20 miles )NP )VP )VP . )S  STOP
(S (NP (NP Such *UNK )NP (PP for (NP *UNKING )NP )PP )NP (VP helped (S (NP Mr. *UNKC )NP (VP build (NP (NP a creative company )NP (PP at (NP (NP the *UNK )NP (PP of (NP its industry )NP )PP )NP )PP )NP )VP )S )VP . )S  STOP
(S (S (VP *UNKED (PP by (NP (NP bike *UNK )NP (PP rather than (NP businessmen )NP )PP )NP )PP )VP )S , (NP Specialized )NP (VP (VP *UNKED (NP (NP the appeal )NP (PP of (NP (NP *UNKED bikes )NP (SBAR (WHNP that )WHNP (S (VP go (ADVP almost anywhere )ADVP )VP )S )SBAR )NP )PP )NP )VP and (VP began (S (VP *UNKING (NP them )NP )VP )S (PP in (NP 1981 )NP )PP )VP )VP . )S  STOP
(S (PP In (NP the past five years )NP )PP , (NP (NP the company 's )NP sales )NP (VP have (VP grown (PP to (NP (QP $ 80 million )QP )NP )PP (PP from (NP (QP $ 26 million )QP )NP )PP )VP )VP . )S  STOP
(S (NP Today )NP , (NP so-called mountain bikes )NP (VP account (PP for (NP (NP two-thirds )NP (PP of (NP (NP the (QP $ 2 billion )QP )NP (VP spent (ADVP annually )ADVP (PP on (NP all *UNK )NP )PP (PP in (NP the U.S. )NP )PP )VP )NP )PP )NP )PP )VP . )S  STOP
(S (PP With (S (NP (NP 65 % )NP (PP of (NP its sales )NP )PP )NP (VP coming (PP from (NP mountain bikes )NP )PP )VP )S )PP , (NP Specialized )NP (VP is (ADVP widely )ADVP (VP considered (S (VP to (VP be (NP a market leader )NP )VP )VP )S )VP )VP . )S  STOP
(S -LRB- (NP (NP *UNKC )NP (PRN , (PP (ADVP largely )ADVP for (NP *UNK- users )NP )PP , )PRN )NP (VP account (PP for (NP (NP much )NP (PP of (NP (NP the rest )NP (PP of (NP sales )NP )PP )NP )PP )NP )PP )VP . -RRB- )S  STOP
(S But (NP today )NP , (NP the company )NP (VP needs (NP its *UNK *UNK )NP (ADVP more than ever )ADVP )VP . )S  STOP
(S (NP (NP One large competitor )NP (PP after (NP another )NP )PP )NP (VP is (VP *UNKING (PP into (NP (NP the *UNKING market )NP (SBAR (S (NP Specialized )NP (VP helped (S (VP create )VP )S )VP )S )SBAR )NP )PP , (S (VP turning (PRT out )PRT (NP (NP mountain bikes )NP (PP with (NP (NP (ADJP such well-known )ADJP names )NP (PP as (NP *UNKC , *UNKC , *UNKC and *UNKC )NP )PP )NP )PP )NP )VP )S )VP )VP . )S  STOP
(S (ADVP Thus )ADVP , (NP (NP Mr. *UNKC 's )NP company )NP (VP must (VP *UNK (ADVP more than ever )ADVP (S (VP to (VP stay (ADVP ahead (PP of (NP them )NP )PP )ADVP )VP )VP )S , (PP by (S (VP developing (NP (NP new products )NP (PP (ADVP specifically )ADVP for (NP mountain *UNKING )NP )PP )NP )VP )S )PP )VP )VP . )S  STOP
(S (PP At (NP the same time )NP )PP , (ADVP though )ADVP , (NP it )NP (VP must (VP become (ADJP more structured )ADJP (S (VP to (VP (ADVP better )ADVP manage (NP its growth )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (VP *UNKING (NP both )NP )VP )S (VP will (VP be (NP (NP a *UNKING act )NP (ADJP as challenging (PP as (S (VP riding (NP a *UNK )NP )VP )S )PP )ADJP )NP )VP )VP . )S  STOP
(S (NP It )NP (VP is (NP (NP a problem )NP (ADJP common (PP to (NP (NP small companies )NP (SBAR (WHNP that )WHNP (S (VP have (VP grown (ADVP fast )ADVP )VP )VP )S )SBAR )NP )PP )ADJP )NP -- (SBAR (WHADVP especially when )WHADVP (S (NP their success )NP (VP *UNK (NP *UNK- competitors )NP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP The big word )NP (PP around (NP Specialized )NP )PP (VP is (NP *UNK )NP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a former *UNK- executive )NP (SBAR (WHNP whom )WHNP (S (NP Mr. Sinyard )NP (VP *UNKED (PP from (NP Citicorp )NP )PP (S (VP to (VP run (NP marketing and sales )NP )VP )VP )S )VP )S )SBAR )NP )NP . )SINV  STOP
(S `` (SBAR (WHNP What )WHNP (S (NP I )NP (VP hope (S (VP to (VP bring (PP to (NP this )NP )PP )VP )VP )S )VP )S )SBAR (VP is (NP (NP another word )NP : (NP process )NP )NP )VP . )S  STOP
(S (NP That )NP (VP 's (NP my challenge )NP )VP . )S  STOP
(S (NP It )NP (VP 's (NP (NP Mike 's )NP challenge )NP (ADVP as well )ADVP )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP is (NP (NP one )NP (PP of (NP (NP several key people )NP (PP from (PP outside (NP the *UNKING industry )NP )PP )PP (SBAR (WHNP who )WHNP (S (VP were (VP hired (S (VP to (VP bring (NP the *UNKING , *UNKING company )NP (PP under (NP *UNK control )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S `` (S (NP We )NP (VP had (NP (NP a lot )NP (PP of (NP problems )NP )PP )NP )VP )S , '' (NP Mr. Sinyard )NP (VP says )VP . )S  STOP
(S (SBAR While (S (NP (NP the company 's )NP sales )NP (VP were (VP soaring )VP )VP )S )SBAR , `` (NP We )NP (ADVP still )ADVP (VP had (NP (NP a system )NP (SBAR (WHNP that )WHNP (S (VP was (ADVP probably )ADVP (ADJP appropriate (PP for (NP (NP (QP $ 10 million to $ 20 million )QP )NP (PP in (NP sales )NP )PP )NP )PP )ADJP )VP )S )SBAR )NP )VP . '' )S  STOP
(SINV (VP *UNKC )VP (NP Mr. *UNKC )NP , `` (S (SBAR (WHNP What )WHNP (S (VP felt (ADJP good )ADJP (NP that day )NP )VP )S )SBAR (VP was (VP done (NP that day )NP )VP )VP )S . '' )SINV  STOP
(S (PP Since (NP (NP his *UNK )NP (PP in (NP May )NP )PP )NP )PP , (NP Mr. *UNKC )NP (VP has (VP put (PP in (NP place )NP )PP (NP (NP techniques )NP (VP learned (SBAR while (S (VP working (PP for (NP Citicorp )NP )PP )VP )S )SBAR )VP , (PP such as (NP (NP *UNK- )NP , (NP detailed project plans )NP and (NP (NP forecasts )NP (PP of (NP (NP company sales )NP and (NP product trends )NP )NP )PP )NP )NP )PP )NP )VP )VP . )S  STOP
(S `` (S (NP We )NP (VP 're (ADVP finally )ADVP (VP getting (PRN -- and (S (NP it )NP (VP 's (VP been (ADJP very *UNK )ADJP )VP )VP )S -- )PRN (NP (NP some understanding )NP (PP of (SBAR (WHNP what )WHNP (S (NP (NP the company 's )NP long-term *UNK )NP (VP should (VP begin (S (VP to (VP look (PP like )PP )VP )VP )S )VP )VP )S )SBAR )PP )NP )VP )VP )S , '' (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S `` (S But (NP it )NP (VP 's (ADJP risky )ADJP )VP )S , '' (NP he )NP (VP says (PP of (NP (NP Specialized 's )NP attempt (S (VP to (VP adopt (NP a corporate structure )NP )VP )VP )S )NP )PP )VP . )S  STOP
(S `` (NP You )NP (VP do n't (VP want (S (VP to (VP lose (NP (NP the *UNK )NP '' (PP of (NP (NP the company 's )NP creative drive )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (VP *UNKING (S (VP to (VP stay (ADVP ahead (PP of (NP the *UNK )NP )PP )ADVP )VP )VP )S )VP )S , (NP the company )NP (VP is (VP *UNKING (NP *UNK )NP )VP )VP . )S  STOP
(S (PP At (NP a recent trade show )NP )PP , (NP *UNK- )NP (VP *UNKED (PRT up )PRT (S (VP to (VP view (NP (NP a new Specialized bike *UNK )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP (NP just 2.7 pounds )NP -- (ADJP (NP a pound )NP less (SBAR than (S (NP (NP the *UNK *UNK- *UNK )NP (PP on (NP the market )NP )PP )NP )S )SBAR )ADJP )NP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (PP By (S (VP *UNKING (NP (NP the *UNK 's )NP steel *UNK )NP (PP with (NP *UNK ones )NP )PP )VP )S )PP , (NP (NP Mr. Sinyard 's )NP company )NP (VP plans (S (VP to (VP make (S (NP (NP its next generation )NP (PP of (NP *UNK )NP )PP )NP (ADJP even *UNK )ADJP )S )VP )VP )S )VP . )S  STOP
(S (PP At (NP the trade show )NP )PP , (NP Specialized )NP (ADVP also )ADVP (VP unveiled (NP (NP a *UNK *UNKED bike *UNK )NP (VP developed (ADVP jointly )ADVP (PP by (NP (NP Specialized )NP and (NP Du Pont Co )NP )NP )PP )VP )NP )VP . )S  STOP
(S (S (S (VP *UNKC (PP of (NP *UNK- materials )NP )PP )VP )S , (NP the *UNK *UNK )NP (VP are (VP designed (PP like (NP *UNK *UNK )NP )PP (S (VP to (VP *UNK (NP 10 minutes )NP (PP off (NP (NP the time )NP (PP of (NP a *UNK )NP )PP )NP )PP (PP in (NP a *UNK- race )NP )PP )VP )VP )S )VP )VP )S , (NP the company )NP (VP claims )VP . )S  STOP
(S (NP It )NP (ADVP currently )ADVP (VP costs (NP $ 750 )NP , (SBAR though (S (NP Mr. Sinyard )NP (VP thinks (SBAR (S (NP the price )NP (VP can (VP be (VP reduced (PP within (NP three years )NP )PP (PP to (NP (QP between $ 200 and $ 250 )QP )NP )PP )VP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP was (ADJP able (S (VP to (VP *UNK (NP (NP the price )NP (PP of (NP (NP the company 's )NP (ADJP least expensive )ADJP mountain bike )NP )PP )NP (PP to (NP $ *UNKN )NP )PP (PP from (NP $ 750 )NP )PP (X in )X )VP )VP )S )ADJP )VP )S  STOP
(S But (NP (NP demands )NP (PP on (NP (NP the company 's )NP *UNK )NP )PP )NP (VP are (ADJP certain (S (VP to (VP grow )VP )VP )S )ADJP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (VP *UNKING (SBAR as (S (NP larger companies )NP (VP *UNK (NP (NP a *UNK- market )NP (SBAR (S (NP (NP Mr. Sinyard 's )NP company )NP (ADVP once )ADVP (VP had (ADVP virtually )ADVP (NP (NP all )NP (PP to (NP itself )NP )PP )NP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP U.S. *UNKING Federation official Philip *UNKC )NP (VP says (SBAR (S (NP mountain *UNKING )NP (VP is `` (VP growing (PP at (NP (NP such a *UNK rate )NP (SBAR that (S (NP (NP a lot )NP (PP of (NP companies )NP )PP )NP (VP are (VP getting (PP into (NP this )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP One (ADJP especially *UNKED )ADJP Specialized market )NP (SBAR (S (NP the new players )NP (VP are (VP *UNKING )VP )VP )S )SBAR )NP (VP is (NP (NP *UNK- *UNK )NP , (SBAR (WHNP which )WHNP (S (NP Mr. *UNKC )NP (VP calls (S `` (NP (NP the future )NP (PP of (NP our business )NP )PP )NP )S )VP )S )SBAR )NP )VP . '' )S  STOP
(S (S (NP *UNKC )NP (CONJP not only )CONJP (VP sell (ADVP (ADVP faster )ADVP (PP than (NP whole bikes )NP )PP )ADVP )VP )S , (S (NP they )NP (ADVP also )ADVP (VP offer (NP (NP profit margins )NP (ADVP nearly double (NP (NP the (QP 25 % to 30 % or so )QP )NP (PP on (NP (NP sales )NP (PP of (NP complete cycles )NP )PP )NP )PP )NP )ADVP )NP )VP )S . )S  STOP
(S (S (VP To (VP get (NP (NP a piece )NP (PP of (NP the business )NP )PP )NP )VP )VP )S , (NP (NP *UNKC Inc. )NP , (NP (NP *UNKC )NP , (NP *UNKC )NP , )NP )NP (VP introduced (NP (NP a line )NP (PP of (NP *UNK- shoes )NP )PP )NP )VP . )S  STOP
(S (ADVP (NP About a month )NP ago )ADVP , (NP (NP *UNKC *UNKC Corp. )NP , (NP (NP *UNKC )NP , (NP *UNKC )NP , )NP )NP (VP began (S (VP selling (NP (NP mountain-bike *UNK )NP , (RRC (PP for (NP years )NP )PP (NP a Specialized *UNK )NP )RRC )NP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP in (NP (NP the sale )NP (PP of (NP complete bikes )NP )PP )NP )PP )NP (VP is (VP *UNKING (PRT up )PRT (ADVP too )ADVP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC Corp. )NP , (SBAR (WHNP which )WHNP (S (VP accounts (PP for (NP (NP *UNK- )NP (PP of (NP (NP the (QP $ 400 million )QP )NP (PP in (NP (NP annual sales )NP (PP at (NP (NP its *UNKED parent )NP , (NP *UNKC Corp. )NP , )NP )PP )NP )PP )NP )PP )NP )PP )VP )S )SBAR )NP (VP entered (NP the mountain-bike business )NP (PP in (NP 1983 )NP )PP )VP . )S  STOP
(S (S (NP *UNKC )NP (ADVP previously )ADVP (VP made (NP only traditional road bikes )NP )VP )S , but (SINV `` (S (NP (NP it )NP )NP (VP did n't (VP take (NP a *UNK scientist )NP (S (VP to (VP change (NP a road bike )NP (PP into (NP a mountain bike )NP )PP )VP )VP )S )VP )VP )S , '' (VP says )VP (NP (NP (NP *UNKC 's )NP president )NP , (NP Dick *UNKC )NP )NP )SINV . )S  STOP
(S (NP The segment )NP (ADVP now )ADVP (VP makes (PRT up )PRT (NP (NP (QP roughly two-thirds )QP )NP (PP of (NP (NP his company 's )NP total sales )NP )PP )NP )VP . )S  STOP
(S (PP At (NP (NP Giant *UNKC Inc. )NP , (NP (NP *UNKC *UNKC )NP , (NP Calif. )NP , )NP )NP )PP (NP sales )NP (VP have (VP *UNKED (SBAR since (S (NP the company )NP (VP entered (NP the U.S. mountain-bike business )NP (PP in (NP 1987 )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP A subsidiary )NP (PP of (NP (NP a *UNKC holding company )NP (PP with (NP (NP world-wide sales )NP (PP of (NP (QP $ 150 million )QP )NP )PP )NP )PP )NP )PP )NP , (NP (NP Giant )NP )NP (VP is (NP (NP one example )NP (PP of (NP (NP the sudden *UNK )NP (PP of (NP (NP Mr. Sinyard 's )NP *UNK- market *UNK )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC Co. )NP , (NP Chicago )NP , )NP (VP established (NP (NP joint ventures )NP (PP with (NP (NP bike companies )NP (PP in (NP (NP *UNK China )NP and (NP Hungary )NP )NP )PP )NP )PP )NP (S (VP to (VP sell (NP bikes )NP )VP )VP )S )VP . )S  STOP
(S (PP In (NP the past year )NP )PP , (NP (NP *UNKC International Corp. )NP , (NP *UNKC )NP , )NP (VP has (VP acquired (NP (NP (ADJP such major )ADJP brands )NP (PP as (NP *UNKC , *UNKC and *UNKC )NP )PP )NP )VP )VP . )S  STOP
(S (PP In (NP (NP response )NP (PP to (NP (NP the *UNK )NP (PP of (NP the business )NP )PP )NP )PP )NP )PP , (NP (NP Mr. Sinyard 's )NP company )NP (VP is (VP replacing (NP independent *UNK overseas )NP (PP with (NP (ADJP *UNKLY owned )ADJP subsidiaries )NP )PP )VP )VP . )S  STOP
(S (NP The move )NP (VP will (VP (VP cut (PRT out )PRT (NP (NP the cost )NP (PP of (NP a *UNK )NP )PP )NP )VP and (VP give (NP Specialized )NP (NP (NP more control )NP (PP over (NP marketing and sales )NP )PP )NP )VP )VP )VP . )S  STOP
(S But (PRN (SBAR as (S (NP (NP Bill Austin )NP , (NP (NP Giant 's )NP president )NP , )NP (VP puts (NP it )NP )VP )S )SBAR , )PRN `` (PP With (S (NP (NP some )NP (PP of (NP the bigger players )NP )PP )NP (VP *UNKING (NP their strength )NP )VP )S )PP , (NP the game )NP (VP has (VP changed )VP )VP . )S  STOP
(S (NP (NP Carl E. *UNKC )NP , (NP chief executive officer )NP , )NP (VP was (VP named (PP to (NP (NP the additional post )NP (PP of (NP (NP chairman )NP (PP of (NP this *UNK- manufacturing concern )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Robert C. *UNKC )NP , (NP (NP (NP a director )NP and (NP chief operating officer )NP )NP (PP of (NP the company )NP )PP )NP , )NP (VP succeeds (NP Mr. *UNKC )NP (PP as (NP president )NP )PP )VP . )S  STOP
(S (NP (NP Roger M. *UNKC )NP , (NP president )NP , )NP (VP was (VP named (PP to (NP (NP the new post )NP (PP of (NP vice chairman )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Michael *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP had (VP been (NP (NP executive vice president )NP , (NP operations )NP , )NP )VP )VP )S )SBAR )NP (VP was (VP named (S (NP (NP president )NP and (NP chief operating officer )NP )NP )S )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP *UNK (NP (NP *UNK- systems )NP (PP for (NP (NP mainframes )NP and (NP *UNK )NP )NP )PP )NP )VP . )S  STOP
(S (NP Richard J. *UNKC )NP (VP was (VP elected (S (NP (NP a director )NP (PP of (NP this *UNKLY home *UNK )NP )PP )NP )S , (S (VP increasing (NP the board )NP (PP to (NP nine )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP He )NP (VP (VP is (NP (NP a senior partner )NP (PP with (NP (NP the law firm )NP (PP of (NP *UNKC & *UNKC )NP )PP )NP )PP )NP )VP and (VP is (NP (NP a partner )NP (PP in (NP *UNKC *UNKC Management )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP John *UNKC )NP , (ADJP 47 years old )ADJP , (NP (ADVP formerly )ADVP (NP (NP vice chairman )NP (PP of (NP Capital Holding Corp. )NP )PP )NP and (NP (NP president )NP (PP of (NP its *UNKC Investment Group )NP )PP )NP )NP , )NP (VP was (VP named (S (NP (NP chief executive officer )NP (PP of (NP this insurance holding company )NP )PP )NP )S , (ADJP effective (NP Dec. 1 )NP )ADJP , (S (VP succeeding (NP (NP Robert T. Shaw )NP , (SBAR (WHNP who )WHNP (S (VP remains (NP chairman )NP )VP )S )SBAR )NP )VP )S )VP )VP . )S  STOP
(S (NP *UNKC )NP (ADVP also )ADVP (VP named (NP (NP Steven B. *UNKING )NP , (NP 42 )NP , (NP (NP senior vice president )NP (PP since (NP 1986 )NP )PP )NP , )NP (PP as (NP president )NP )PP , (S (VP succeeding (NP (NP John W. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP will (VP join (NP (NP the *UNKC Acquisition Corp. division )NP (PP of (NP (NP *UNKC , *UNKC & Co. )NP , (SBAR (WHNP which )WHNP (S (VP has (VP agreed (S (VP to (VP buy (NP (NP most )NP (PP of (NP (NP *UNKC 's )NP *UNKED subsidiaries )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )NP )VP )S )VP . )S  STOP
(S (NP MCI Communications Corp. )NP (VP said (SBAR (S (NP it )NP (VP won (NP a (ADJP (QP $ 27 million )QP )ADJP contract )NP (PP from (NP (NP *UNKC Co. )NP , (NP a Denver investment banking concern )NP , )NP )PP (S (VP to (VP provide (NP voice and data telecommunications services )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The agreement )NP (VP calls (SBAR for (S (NP MCI )NP (VP to (VP provide (NP (NP data service )NP , (NP 800 )NP and (NP (NP *UNKC service )NP , (NP a (ADJP *UNK private )ADJP network service )NP )NP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The companies )NP (VP would n't (VP disclose (NP (NP the length )NP (PP of (NP the contract )NP )PP )NP (SBAR except (S (VP to (VP say (SBAR (S (NP it )NP (VP was (NP a *UNK agreement )NP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP The head )NP (PP of (NP British *UNKC Broadcasting Ltd. )NP )PP )NP (VP said (SBAR (S (NP he )NP (VP hopes (S (VP to (VP raise (NP (NP (QP about # 450 million )QP )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP (SBAR before (S (NP the *UNK- venture )NP (VP makes (NP its delayed debut )NP (NP next spring )NP )VP )S )SBAR -- (PP with (S (NP a major chunk )NP (VP coming (PP from (NP new investors )NP )PP )VP )S )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S `` (NP We )NP (VP 'll (VP raise (NP it )NP (PP through (NP bank loans )NP )PP )VP )VP . )S  STOP
(S (NP We )NP (VP 'll (VP raise (NP it )NP (PP through (NP (PRN -LCB- new -RCB- )PRN equity )NP )PP )VP )VP . )S  STOP
(SINV (S And (NP we )NP (VP 'll (VP raise (NP it )NP (PP (PP through (NP existing shareholders )NP )PP '' (CONJP as well as )CONJP (PP through (NP junk bonds )NP )PP )PP )VP )VP )S , (VP said )VP (NP (NP Anthony *UNKING )NP , (NP (NP the private consortium 's )NP chief executive )NP )NP . )SINV  STOP
(S (NP He )NP (VP said (SBAR (S (NP he )NP (VP believes (SBAR (S (NP (NP the bank loan )NP , (SBAR (S (VP to (VP be (VP arranged (PP by (NP February )NP )PP )VP )VP )VP )S )SBAR , )NP (VP will (VP supply (NP (NP (QP about half )QP )NP (PP of (NP the financing )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP British *UNKC )NP , (SBAR (WHNP which )WHNP (S (ADVP already )ADVP (VP has (VP raised (NP (QP # *UNKN million )QP )NP (PP from (NP 10 *UNK )NP )PP )VP )VP )S )SBAR , )NP (VP (ADVP initially )ADVP expected (S (VP to (VP seek (NP an additional (QP # 400 million )QP )NP )VP )VP )S )VP . )S  STOP
(S (NP Mr. *UNKING )NP (VP said (SBAR (S (NP the additional financing )NP (VP may (VP leave (S (NP British Satellite )NP (VP owned (PP by (NP (NP (QP about 20 )QP investors )NP , (PP including (NP (NP Australian entrepreneur Alan Bond )NP , (SBAR (WHNP whose (ADJP (QP nearly 36 )QP % )ADJP stake )WHNP (S (VP would (VP be (VP reduced (PP to (NP (QP as little as 20 )QP % )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Bond Corp. )NP , (NP (NP British Satellite 's )NP biggest investor )NP , )NP (VP would (VP like (S (VP to (VP withdraw (PP from (NP the *UNK- consortium )NP )PP )VP )VP )S )VP )VP )S , and (S (NP analysts )NP (VP have (VP speculated (SBAR (S (NP Hollywood *UNK )NP (VP might (VP buy (NP the Bond stake )NP )VP )VP )S )SBAR )VP )VP )S . )S  STOP
(S But (NP Mr. *UNKING )NP (VP said (SBAR (S (NP he )NP (VP is n't (VP talking (PP to (NP any *UNK )NP )PP (PP about (NP investing )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Besides (NP Bond Corp. )NP )PP , (NP (NP British Satellite 's )NP other *UNK )NP (VP include (NP (NP *UNKC PLC )NP , (NP *UNKED International PLC )NP and (NP *UNKC Group PLC )NP )NP )VP . )S  STOP
(S (NP The consortium )NP (VP faced (NP a setback )NP (PP in (NP May )NP )PP (SBAR (WHADVP when )WHADVP (S (NP technical problems )NP (VP forced (S (NP it )NP (VP to (VP postpone (NP the September launch )NP (PP until (NP next spring )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKED uncertainty )NP (PP about (NP (NP the timing )NP (PP of (NP (NP the consortium 's )NP debut )NP )PP )NP )PP )NP (VP could (VP make (S (NP (NP it )NP )NP (ADJP hard )ADJP (S (VP to (VP find (NP a (ADJP (QP # 450 million )QP )ADJP cash *UNK )NP )VP )VP )S )S )VP )VP . )S  STOP
(S (NP Mr. *UNKING )NP (VP conceded (SBAR that (S (NP (NP British Satellite 's )NP potential U.K. lenders )NP `` (VP are (VP saying , ` (S (SBAR (WHADVP When )WHADVP (S (NP you )NP (VP 're (PP on (NP the air )NP )PP )VP )S )SBAR , (NP you )NP (VP 'll (PRN -LCB- (ADVP actually )ADVP -RCB- )PRN (VP get (NP the money )NP )VP )VP )S )VP )VP )S )SBAR )VP . ' '' )S  STOP
(S (NP The bankers )NP (ADVP also )ADVP (VP insist (SBAR that (S (NP the loans )NP (VP *UNK (PP on (S (NP the consortium )NP (VP raising (NP more money )NP (PP from (NP (ADJP new and existing )ADJP *UNK )NP )PP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (NP British Satellite )NP (NP today )NP (VP is (VP *UNKING (NP (NP a (UCP (ADJP (QP # 30 million )QP )ADJP advertising and promotional )UCP drive )NP (PP for (NP (NP (NP the consortium 's )NP planned five *UNK )NP (PP of (NP (NP movies )NP , (NP sports )NP , (NP entertainment )NP and (NP news shows )NP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (PP As (NP (NP part )NP (PP of (NP the drive )NP )PP )NP )PP , (NP (NP the first 50,000 viewers )NP (SBAR (WHNP who )WHNP (S (VP put (PRT up )PRT (NP (NP # 10 )NP (NP each )NP )NP )VP )S )SBAR )NP (VP will (VP get (NP (NP a package )NP (VP valued (PP at (NP # 170 )NP )PP )VP -- (PP including (NP (NP a satellite receiving *UNK )NP , (NP equipment *UNK )NP and (NP (NP a three-month *UNK )NP (PP to (NP its *UNK- service )NP )PP )NP )NP )PP )NP )VP )VP . )S  STOP
(S (NP British Satellite )NP (VP faces (NP (NP competition )NP (PP from (NP (NP *UNKC Television )NP , (NP (NP a *UNK- venture )NP (VP (VP begun (NP last February )NP )VP and (VP owned (PP by (NP (NP *UNKC *UNKC 's )NP News Corp )NP )PP )VP )VP )NP )NP )PP )NP )VP . )S  STOP
(S (NP The rivals )NP (ADVP currently )ADVP (VP are (VP *UNKED (PP in (NP (NP a costly bidding contest )NP (PP for (NP Hollywood film rights )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP closed (ADVP sharply higher )ADVP (PP in (NP London )NP )PP (PP in (NP (NP the year 's )NP *UNK volume )NP )PP (NP Monday )NP , (S (VP supported (ADVP largely )ADVP (PP by (NP (NP a technical *UNK )NP (PP after (NP (NP last week 's )NP sharp declines )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (NP Tokyo stocks )NP (VP posted (NP a *UNK- loss )NP (NP Monday )NP , (SBAR while (S (NP (NP trading )NP (PP in (NP (NP Frankfurt )NP , (NP West Germany )NP , )NP )PP )NP (VP was (ADJP mixed )ADJP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP London )NP )PP , (NP the Financial Times 100-share index )NP (VP finished (ADVP (NP *UNKN points )NP higher )ADVP (PP at (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP The index )NP (VP settled (PP off (NP (NP the high )NP (PP of (NP *UNKN )NP )PP (VP posted (SBAR after (S (NP Wall Street )NP (VP opened (ADVP stronger )ADVP )VP )S )SBAR )VP )NP )PP )VP . )S  STOP
(S But (NP it )NP (VP showed (NP strength )NP (PP throughout (NP the session )NP )PP , (S (VP *UNKING (NP (NP a low )NP (PP of (NP only *UNKN )NP )PP )NP (PP within (NP (NP the first few minutes )NP (PP of (NP dealings )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (NP The *UNK- index )NP (VP settled (ADVP (NP *UNKN points )NP higher )ADVP (PP at (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP Volume )NP (VP was (NP (QP only *UNKN million )QP shares )NP , (S (VP breaking (NP (NP (NP the previous 1989 low )NP (PP of (NP (QP *UNKN million )QP shares )NP )PP )NP (VP recorded (NP Oct. 23 )NP )VP )NP )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (VP was (ADVP also )ADVP (ADVP down substantially (PP from (NP (QP *UNKN million )QP shares )NP (PP on (NP Friday )NP )PP )PP )ADVP )VP . )S  STOP
(S (NP Dealers )NP (VP said (SBAR (S (NP the market )NP (VP was (VP supported (PP to (NP some extent )NP )PP (PP by (NP (NP a *UNK pound )NP , (NP (NP gains )NP (PP on (NP Wall Street )NP )PP )NP and (NP (NP shopping )NP (PP by (NP *UNK- )NP )PP (S (VP to (VP cover (NP (NP internal requirements )NP (PP for (NP (NP selected stocks )NP (PP in (NP the 100-share index )NP )PP )NP )PP )NP )VP )VP )S )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Dealers )NP (VP attributed (NP (NP most )NP (PP of (NP (NP the day 's )NP gains )NP )PP )NP (PP to (NP (S (NP *UNK- )NP (VP moving (NP prices )NP (ADJP higher )ADJP )VP )S , (CONJP rather than )CONJP (NP (NP an *UNK )NP (PP of (NP significant buying interest )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP Prices )NP (VP were (ADVP up )ADVP (PP across (NP the board )NP )PP , (PP with (S (NP most blue-chip stocks )NP (VP *UNKING (NP solid gains )NP )VP )S )PP )VP . )S  STOP
(S (SBAR Though (S (NP the market )NP (VP was (ADJP stronger )ADJP )VP )S )SBAR , (NP dealers )NP (VP said (SBAR (S (NP fresh buying interest )NP (VP was (VP *UNKED (ADVP ahead (PP of (NP (NP (NP a potential *UNKING debate )NP (PP in (NP (NP the House )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP (VP set (PP for (NP Tuesday )NP )PP )VP )NP )PP )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP will (VP be (NP (NP (NP (NAC Chancellor (PP of (NP the Exchequer )NP )PP )NAC John Major 's )NP first appearance )NP (PP before (NP the opposition Labor Party )NP )PP )NP )VP )VP . )S  STOP
(S (NP The market )NP (VP is (ADJP *UNKLY interested (PP in (S (VP hearing (SBAR (WHNP what )WHNP (S (NP he )NP (VP has (NP (SBAR (S (VP to (VP say (PP about (NP (NP the status )NP (PP of (NP the current (ADJP 15 % )ADJP base lending rate )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )S )PP )ADJP )VP . )S  STOP
(S (PP In (NP London trading )NP )PP , (NP (NP Courtaulds )NP , (NP a chemicals and *UNK company )NP , )NP (VP increased (NP 15 pence )NP (PP to (NP *UNKN )NP )PP (SBAR after (S (NP it )NP (VP disclosed (NP plans (S (VP to (VP spin (PRT off )PRT (NP its *UNK operations )NP (PP into (NP a separately listed company )NP )PP )VP )VP )S )NP (PP on (NP Jan. 1 )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP was (NP (NP the most active )NP (PP of (NP the 100-share index )NP )PP )NP (PP at (NP (NP (QP *UNKN million )QP shares )NP , (SBAR (WHNP (WHNP (QP 6.5 million )QP )WHNP (WHPP of (WHNP which )WHNP )WHPP )WHNP (S (VP were (VP traded (PP by (NP *UNK )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Jaguar )NP (VP ended (ADVP (NP 22 )NP higher )ADVP (PP at (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP Dealers )NP (VP said (SBAR (S (NP fresh buying )NP (VP was (VP drawn (PP into (NP Jaguar )NP )PP (SBAR after (S (NP (NP a senior executive )NP (PP of (NP (NP *UNKC )NP , (NP the auto maker )NP , )NP )PP )NP (VP told (NP a British television *UNK )NP (PP during (NP the weekend )NP )PP (SBAR that (S (NP the West German company )NP (VP held (NP (NP talks )NP (PP with (NP the luxury auto maker )NP )PP (PP over (NP possible joint ventures )NP )PP )NP )VP )S )SBAR )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Although (S (NP *UNKC )NP (VP has (VP said (SBAR (S (NP it )NP (VP is n't (ADJP interested (PP in (S (VP mounting (NP (NP a bid )NP (PP for (NP Jaguar )NP )PP )NP )VP )S )PP )ADJP )VP )S )SBAR )VP )VP )S )SBAR , (NP dealers )NP (VP said (SBAR (S (NP its name )NP (VP (ADVP further )ADVP *UNKED (NP (NP the growing interest )NP (PP in (NP the British concern )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP was (NP the biggest *UNK )NP , (S (VP *UNKING (NP 35 )NP (PP to (NP (NP # *UNKN )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN )NP )PP (PP on (NP (NP anticipation )NP (PP of (NP (NP a stock split )NP (NP next week )NP )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP Total turnover )NP (PP in (NP *UNKC )NP )PP )NP (VP was (NP a thin *UNKN shares )NP )VP . )S  STOP
(S (PP In (NP Tokyo )NP )PP , (NP stocks )NP (VP had (NP a *UNK- loss )NP (NP Monday )NP (PP in (NP quiet trading )NP )PP (PP with (NP (NP the exception )NP (PP of (NP (NP concentrated buying )NP (PP in (NP some *UNKED issues )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The Nikkei index )NP (PP of (NP 225 selected issues )NP )PP )NP (VP fell (NP *UNKN points )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP The index )NP (VP fell (NP *UNKN )NP (NP Friday )NP )VP . )S  STOP
(S (PP In (NP (NP early trading )NP (PP in (NP Tokyo )NP )PP (NP Tuesday )NP )NP )PP , (NP the Nikkei index )NP (VP rose (NP *UNKN points )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (PP On (NP Monday )NP )PP , (NP (NP volume )NP (PP on (NP the First Section )NP )PP )NP (VP was (VP estimated (PP at (NP (QP 600 million )QP shares )NP )PP , (ADVP down (PP from (NP (QP *UNKN billion )QP shares )NP (NP Friday )NP )PP )ADVP )VP )VP . )S  STOP
(S (S (NP *UNKING issues )NP (VP *UNKED (NP *UNK )NP (NP (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )NP )VP )S ; (S (NP *UNKN issues )NP (VP were (ADJP unchanged )ADJP )VP )S . )S  STOP
(S (S (NP (NP Investors )NP , (SBAR (WHNP who )WHNP (S (VP took (NP profits )NP (NP Friday )NP )VP )S )SBAR , )NP (VP (ADVP mostly )ADVP took (NP a *UNK- attitude )NP (NP Monday )NP (PP amid (NP (NP uncertainty )NP (PP in (NP (NP the *UNK- market )NP and (NP New York stocks )NP )NP )PP )NP )PP )VP )S , (NP traders )NP (VP said )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP an analyst )NP (PP at (NP *UNKC Securities )NP )PP )NP , )NP (VP said (SBAR (S (NP (NP *UNKING *UNK )NP (PP for (NP lower interest rates )NP )PP )NP (VP made (S (NP investors )NP (VP step (ADVP back (PP from (NP (NP real-estate shares )NP , (SBAR (WHNP which )WHNP (S (VP advanced (NP last week )NP )VP )S )SBAR )NP )PP )ADVP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Some traders )NP (VP said (SBAR (S (NP institutions )NP (VP were (VP waiting (S (VP to (VP see (NP (NP the U.S. *UNK rate )NP (SBAR (S (VP to (VP be (VP issued (NP Friday )NP )VP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The Tokyo Stock Price Index )NP (PP of (NP (NP all issues )NP (VP listed (PP in (NP the First Section )NP )PP )VP , (SBAR (WHNP which )WHNP (S (VP fell (NP *UNKN points )NP (NP Friday )NP )VP )S )SBAR , )NP )PP )NP (VP was (ADVP down (NP (NP *UNKN points )NP , or (NP *UNKN % )NP , )NP )ADVP (PP at (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP (NP The Second Section index )NP , (SBAR (WHNP which )WHNP (S (VP fell (NP *UNKN points )NP (NP Friday )NP )VP )S )SBAR , )NP (VP was (ADVP down (NP (NP *UNKN points )NP , or (NP *UNKN % )NP , )NP )ADVP (S (VP to (VP close (PP at (NP *UNKN )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Second Section volume )NP (VP was (VP estimated (PP at (NP (QP 15 million )QP shares )NP )PP , (ADVP down (PP from (NP (QP *UNKN million )QP shares )NP (NP Friday )NP )PP )ADVP )VP )VP . )S  STOP
(S (NP (NP Monday 's )NP losers )NP (VP included (NP *UNK , *UNK- and *UNK- issues )NP )VP . )S  STOP
(S (NP (NP The energy )NP (PP of (NP participating investors )NP )PP )NP (VP *UNKED (PP into (NP Tokyu Group shares )NP )PP , (S (VP pushing (NP (NP prices )NP (PP of (NP its companies )NP )PP )NP (PRT up )PRT (PP across (NP the board )NP )PP )VP )S )VP . )S  STOP
(S (NP Tokyu Group )NP (VP announced (PP during (NP the weekend )NP )PP (SBAR that (S (NP each Group company )NP (VP will (VP buy (NP (NP the others ' )NP stocks )NP (S (VP to (VP defend (NP themselves )NP (PP against (NP a rumored takeover )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The announcement )NP (VP fueled (NP (NP speculation )NP (PP for (NP (NP future advances )NP (PP in (NP the shares )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Tokyu Department *UNKC )NP (VP advanced (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP Tokyu Corp. )NP (VP was (ADVP up (NP 150 )NP )ADVP (PP at (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP Tokyu *UNKC )NP (VP gained (NP 170 )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP Other winners )NP (NP Monday )NP (VP included (NP (NP *UNK metals )NP , (SBAR (WHNP which )WHNP (S (VP attracted (NP investors )NP (PP because of (NP (NP a surge )NP (PP in (NP gold prices )NP )PP (PP on (NP (NP the back )NP (PP of (NP the *UNK dollar )NP )PP )NP )PP )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Petroleum companies )NP (VP were (ADVP also )ADVP (ADJP popular )ADJP (PP because of (NP (NP expectations )NP (PP of (NP (NP a weaker dollar )NP , (SBAR (WHNP which )WHNP (S (VP cuts (NP *UNKED *UNK- prices )NP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC prices )NP (PP in (NP Frankfurt )NP )PP )NP (VP closed (S (ADJP narrowly mixed )ADJP )S (PP after (NP (ADJP *UNK and *UNK )ADJP trading )NP )PP )VP . )S  STOP
(S (NP The *UNKC index )NP (VP closed (PP at (NP *UNKN )NP )PP , (ADVP up (NP only *UNKN )NP )ADVP )VP . )S  STOP
(S (NP Traders )NP (VP said (SBAR (S (NP turnover )NP (VP was (ADJP particularly thin )ADJP (SBAR as (S (NP investors )NP (VP waited (SBAR for (S (NP Wall Street )NP (VP to (VP set (NP (NP the direction )NP (PP for (NP the week )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Most )NP (VP expect (S (NP (NP the decline )NP (PP in (NP New York stock prices )NP )PP )NP (VP to (VP continue (NP this week )NP )VP )VP )S )VP . )S  STOP
(S (S (NP (NP Another factor )NP (VP *UNKING (PP on (NP the Frankfurt market )NP )PP )VP )NP (VP involves (NP (NP fears )NP (PP about (NP (NP the *UNKING wage talks )NP (PP between (NP (NP the *UNK *UNKC *UNK- union )NP and (NP industry representatives )NP )NP )PP , (SBAR (WHNP which )WHNP (S (VP could (VP result (PP in (NP (NP a wave )NP (PP of (NP strikes )NP )PP (PP next (NP spring )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP )S , (NP traders )NP (VP said )VP . )S  STOP
(S (NP A few blue-chip stocks )NP (VP posted (NP strong gains )NP , (S (VP boosted (PP by (NP special factors )NP )PP )VP )S , (SBAR while (S (NP (NP the majority )NP (PP of (NP shares )NP )PP )NP (VP ended (ADJP little changed )ADJP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Elsewhere )ADVP , (NP stock prices )NP (VP (VP were (ADJP lower )ADJP (PP in (NP Brussels , Milan and Stockholm )NP )PP )VP , and (VP (ADJP mixed )ADJP (PP in (NP Amsterdam , Paris and Zurich )NP )PP )VP )VP . )S  STOP
(S (NP Stocks )NP (VP (VP closed (ADVP higher )ADVP (PP in (NP (NP Hong Kong )NP , (NP Manila )NP , (NP Seoul )NP , (NP Sydney )NP , (NP *UNKC )NP and (NP Wellington )NP )NP )PP )VP , but (VP were (ADJP lower )ADJP (PP in (NP Singapore )NP )PP )VP )VP . )S  STOP
(SINV (ADVP Here )ADVP (VP are )VP (NP (NP price trends )NP (PP on (NP (NP the world 's )NP major stock markets )NP )PP , (SBAR as (S (VP calculated (PP by (NP (NP Morgan Stanley Capital International *UNKC )NP , (NP Geneva )NP )NP )PP )VP )S )SBAR )NP . )SINV  STOP
(S (S (VP To (VP make (S (NP them )NP (ADJP directly comparable )ADJP )S )VP )VP )S , (NP each index )NP (VP is (VP based (PP on (NP (NP the close )NP (PP of (NP 1969 )NP )PP (VP equaling (NP 100 )NP )VP )NP )PP )VP )VP . )S  STOP
(S (NP The percentage change )NP (VP is (PP since (NP year-end )NP )PP )VP . )S  STOP
(S (NP *UNKC & Co. )NP (VP said (SBAR (S (NP it )NP (VP reached (NP (NP a tentative agreement )NP (PP with (NP (NP (NP the machinists ' )NP union )NP (PP at (NP its (NAC *UNKC , *UNKC , )NAC plant )NP )PP )NP )PP )NP , (S (VP ending (NP (NP a *UNK- strike )NP (PP by (NP (NP workers )NP )NP )PP (PP at (NP the facility )NP )PP )NP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The maker )NP (PP of (NP farm equipment )NP )PP )NP (VP said (SBAR (S (NP (NP the three-year labor agreement )NP (PP with (NP (NP the International Association )NP (PP of (NP (NP Machinists )NP and (NP Aerospace Workers )NP )NP )PP (PP at (NP (NP John *UNKC *UNKC *UNKC )NP , (NP (NP (NP *UNKC 's )NP primary facility )NP (PP for (S (VP producing (NP (ADJP lawn and *UNK- )ADJP equipment )NP )VP )S )PP )NP , )NP )PP )NP )PP )NP (VP (VP takes (NP effect )NP (ADVP immediately )ADVP )VP and (VP *UNK (PP through (NP Oct. 1 , 1992 )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (QP About *UNKN )QP employees )NP (VP are (VP covered (PP by (NP the new agreement )NP )PP )VP )VP )S , (NP *UNKC )NP (VP said )VP . )S  STOP
(S (NP Courtaulds PLC )NP (VP announced (NP plans (S (VP to (VP spin (PRT off )PRT (NP its *UNK operations )NP (PP to (NP existing shareholders )NP )PP (PP in (NP a restructuring )NP )PP (S (VP to (VP boost (NP shareholder value )NP )VP )VP )S )VP )VP )S )NP )VP . )S  STOP
(S (S (NP (NP (NP The British (UCP chemical and textile )UCP company 's )NP plan )NP , (SBAR (WHNP which )WHNP (S (VP requires (NP shareholder approval )NP )VP )S )SBAR , )NP (VP would (VP create (NP (NP a new , listed U.K. stock )NP (PP with (NP (NP a *UNK market *UNK )NP (PP between (NP (NP (NP (QP # 300 million )QP )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP and (NP (QP # 400 million )QP )NP )NP )PP )NP )PP )NP )VP )VP )S , (NP analysts )NP (VP said )VP . )S  STOP
(S (NP (NP The establishment )NP (PP of (NP (NP the separate company )NP , (SBAR (S (VP to (VP be (VP called (S (NP Courtaulds *UNKC )NP )S )VP )VP )VP )S )SBAR , )NP )PP )NP (VP could (VP be (ADJP effective )ADJP (ADVP (ADVP as early )ADVP (PP as (NP (NP next year 's )NP first quarter )NP )PP )ADVP )VP )VP . )S  STOP
(S (NP Investors )NP (VP *UNKED (NP the move )NP )VP . )S  STOP
(S (NP (NP Courtaulds ' )NP shares )NP (VP rose (NP 15 pence )NP (PP to (NP *UNKN pence )NP )PP , (S (VP *UNKING (NP the entire company )NP (PP at (NP (QP about # *UNKN billion )QP )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP Courtaulds ' )NP spinoff )NP (VP reflects (NP (NP pressure )NP (PP on (NP British industry )NP )PP (S (VP to (VP boost (NP share prices )NP (PP beyond (NP (NP the reach )NP (PP of (NP corporate *UNK )NP )PP )NP )PP )VP )VP )S )NP )VP . )S  STOP
(S (NP (NP Courtaulds ' )NP restructuring )NP (VP is (PP among (NP (NP the largest )NP (ADVP thus far )ADVP (PP in (NP Britain )NP )PP )NP )PP , (SBAR though (S (NP it )NP (VP is (VP *UNKED (PP by (NP (NP B.A.T Industries PLC 's )NP plans (S (VP to (VP spin (PRT off )PRT (NP (NP (QP roughly # 4 billion )QP )NP (PP in (NP assets )NP )PP )NP (S (VP to (VP help (S (VP fend (PRT off )PRT (NP (NP a takeover bid )NP (PP from (NP *UNKC financier Sir James *UNKC )NP )PP )NP )VP )S )VP )VP )S )VP )VP )S )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNKED Courtaulds textile operations )NP (VP had (NP (NP operating profit )NP (PP of (NP (QP # 50 million )QP )NP )PP (PP on (NP (NP (QP # *UNKN million )QP )NP (PP in (NP revenue )NP )PP )NP )PP )NP (PP in (NP (NP the year )NP (VP ended (NP March 31 )NP )VP )NP )PP )VP . )S  STOP
(S (NP Some analysts )NP (VP have (VP said (SBAR (S (NP (NP Courtaulds ' )NP moves )NP (VP could (VP boost (NP (NP the company 's )NP value )NP (PP by (NP (QP 5 % to 10 )QP % )NP )PP , (SBAR because (S (NP the two entities )NP (ADVP separately )ADVP (VP will (VP carry (NP (NP a higher price earnings multiple )NP (SBAR than (S (NP they )NP (VP did (VP (FRAG (ADJP combined )ADJP )FRAG )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP Courtaulds )NP (VP said (SBAR (S (NP the moves )NP (VP are (ADJP *UNK )ADJP (SBAR because (S (NP they )NP (VP will (VP allow (S (NP both the chemicals and textile businesses )NP (VP to (VP focus (ADVP more closely )ADVP (PP on (NP core activities )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Courtaulds )NP (VP has (VP been (PP under (NP pressure (S (VP to (VP enhance (NP shareholder value )NP )VP )VP )S )NP )PP (SBAR since (S (NP (NP takeover speculators )NP (PRN -- (PP including (NP Australian financier *UNKC *UNKC )NP )PP -- )PRN )NP (VP surfaced (S (VP holding (NP small stakes )NP (NP last year )NP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (SBAR Though (S (NP Mr. *UNKC )NP (VP has (ADVP since )ADVP (VP sold (NP his stake )NP )VP )VP )S )SBAR , (NP Courtaulds )NP (VP is (VP moving (S (VP to (VP keep (S (NP its institutional shareholders )NP (ADJP happy )ADJP )S )VP )VP )S )VP )VP . )S  STOP
(SINV (S (PP Even without (NP a specific takeover threat )NP )PP , (NP Courtaulds )NP (VP is (VP giving (NP shareholders )NP `` (NP choice and value )NP , '' )VP )VP )S (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP an analyst )NP (PP at (NP London *UNK *UNKC de *UNKC *UNKC )NP )PP )NP )NP . )SINV  STOP
(S (PP In (NP a statement )NP )PP , (NP the company )NP (VP said : `` (S (NP Both parts )NP (VP can (ADVP only )ADVP (VP (VP realize (NP their full potential )NP )VP and (VP be (VP (ADVP *UNKLY )ADVP valued (PP by (NP the market )NP )PP )VP )VP (SBAR if (S (NP they )NP (VP are (NP separately quoted companies )NP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP (NP (NP The *UNK definition )NP and (NP the *UNK )NP )NP (SBAR (WHNP which )WHNP (S (NP each )NP (VP will (ADVP thereby )ADVP (VP gain )VP )VP )S )SBAR )NP (VP will (VP benefit (NP shareholders , customers and employees )NP )VP )VP . '' )S  STOP
(S (NP Courtaulds Chairman and Chief Executive Sir Christopher *UNKC )NP (VP will (VP remain (PP in (NP (NP both posts )NP (PP at (NP the *UNKING chemical company )NP )PP )NP )PP (PP after (NP the spinoff )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC *UNKC Corp. )NP (VP said (SBAR (S (NP (NP (NP its *UNKED company )NP (PP in (NP Malaysia )NP )PP )NP , (VP established (NP this April )NP )VP , )NP (VP will (VP begin (S (VP manufacturing (NP steel doors )NP (NP Wednesday )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Its partner )NP (PP in (NP the joint venture )NP )PP )NP (VP is (NP (NP *UNKC *UNKC *UNKC *UNKC Industries )NP , (NP (NP *UNKC )NP , (NP Malaysia )NP )NP )NP )VP . )S  STOP
(S (NP Company officials )NP (VP said (SBAR (S (NP (NP the new company )NP , (NP (NP *UNKC *UNKC *UNKC )NP (PRN -LRB- (NP *UNKC . )NP -RRB- )PRN )NP )NP (VP is (VP *UNKED (PP at (NP (NP the equivalent )NP (PP of (NP (NP (QP 54 million )QP yen )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The Japanese concern )NP (VP has (NP (ADJP a 40 % )ADJP stake )NP , (SBAR while (S (NP the local partner )NP (VP has (NP a (ADJP 60 % )ADJP stake )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The new company )NP (VP was (VP created (S (VP to (VP meet (NP (NP growing demand )NP (PP for (NP steel doors )NP )PP , (ADJP *UNK (PP with (NP (NP increasing local concern )NP (PP about (NP fire *UNK )NP )PP )NP )PP )ADJP , )NP )VP )VP )S )VP )VP )S (NP the company )NP (VP said )VP . )S  STOP
(S (NP (NP *UNKC *UNKC Franklin )NP , (NP (NP president )NP (PP of (NP Franklin Associates )NP )PP )NP , )NP (VP was (VP elected (S (NP (NP a director )NP (PP of (NP this building products maker )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP (NP Ms. Franklin )NP , (ADJP (NP 49 years )NP old )ADJP , )NP (VP *UNK (NP (NP the position )NP (VP *UNKED (PP by (NP (NP *UNKC G. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP retired (NP earlier this year )NP (PP at (NP age 72 )NP )PP )VP )S )SBAR )NP )PP )VP )NP )VP . )S  STOP
(S (NP NEC Corp. )NP (VP said (SBAR (S (NP it )NP (VP plans (S (VP to (ADVP more than )ADVP (VP double (NP (NP (NP its British subsidiary 's )NP capacity )NP (PP for (NP (NP the production )NP (PP of (NP semiconductor *UNK )NP )PP )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Officials )NP (PP at (NP the Japanese semiconductor maker )NP )PP )NP (VP said (SBAR (S (NP the company )NP (VP intends (S (VP to (VP increase (NP (NP investment )NP (PP in (NP plant and equipment )NP )PP )NP (PP by (NP (NP (QP 10 billion )QP yen )NP (PRN -LRB- (NP $ (QP *UNKN million )QP )NP -RRB- )PRN )NP )PP , (PP to (NP (QP 90 billion )QP yen )NP )PP , (PP in (NP (NP the year )NP (VP ending (NP March 31 )NP )VP )NP )PP , (PP with (NP (NP the extra funds )NP (VP used (S (VP to (VP increase (NP production )NP (ADVP overseas )ADVP )VP )VP )S )VP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Officials )NP (VP (VP said (SBAR (S (NP they )NP (VP were n't (ADJP sure (SBAR (WHADVP how )WHADVP (S (NP the money )NP (VP will (VP be (VP distributed (PP among (NP overseas units )NP )PP )VP )VP )VP )S )SBAR )ADJP )VP )S )SBAR , )VP but (VP added (SBAR that (S (NP NEC *UNKC U.K. Ltd. )NP (VP will (VP receive (NP priority )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Officials )NP (ADVP also )ADVP (VP disclosed (SBAR (S (NP (NP it )NP )NP (VP 's (ADJP possible )ADJP (SBAR that (S (NP NEC )NP (VP may (VP reduce (NP (NP domestic production )NP (PP of (NP *UNK- chips )NP )PP )NP (PP to (NP (NP (QP five million )QP )NP (NP a month )NP )NP )PP (PP from (NP (QP six million )QP )NP )PP , (S (VP beginning (NP January )NP )VP )S , (PP because of (NP *UNKING market prices )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Japan 's )NP steel exports )NP (VP (VP fell (NP *UNKN % )NP (PP in (NP September )NP )PP (PP from (NP a year earlier )NP )PP )VP and (VP were (ADVP down (NP 1.1 % )NP (PP from (NP the previous month )NP )PP )ADVP )VP )VP )S , (NP the Japan *UNKC and Steel Federation )NP (VP reported )VP . )S  STOP
(S (NP September )NP (VP was (NP (NP the *UNK consecutive month )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP steel exports )NP (VP failed (S (VP to (VP reach (NP the year-earlier level )NP )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (NP A *UNK official )NP (VP attributed (NP the decline )NP (PP to (NP (NP *UNK demand )NP (PP from (NP domestic industries )NP )PP (VP backed (PP by (NP (NP continuing economic expansion )NP (PP in (NP Japan )NP )PP )NP )PP )VP )NP )PP )VP . )S  STOP
(S (S (NP Japanese steel companies )NP (VP are (ADVP apparently )ADVP (VP focusing (PP on (NP domestic sales )NP )PP )VP )VP )S , but (S (NP the official )NP (VP said (SBAR (S (NP it )NP (VP does n't (ADVP necessarily )ADVP (VP mean (SBAR that (S (NP local sales contracts )NP (VP are (VP increasing (ADVP that *UNKLY )ADVP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )S . )S  STOP
(S `` (S (NP They )NP (VP (VP are (ADJP just too busy (SBAR (S (VP to (VP meet (NP domestic demand )NP )VP )VP )S )SBAR )ADJP )VP and (VP have (NP (NP little room )NP (PP for (NP overseas shipments )NP )PP )NP )VP )VP )S , '' (NP the official )NP (VP said )VP . )S  STOP
(S (PP After (NP a bad start )NP )PP , (NP Treasury bonds )NP (VP were (VP *UNKED (PP by (NP (NP a late *UNK )NP (PP of (NP buying )NP )PP )NP )PP (S (VP to (VP end (ADVP modestly higher )ADVP )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP The market )NP (VP was (ADJP pretty *UNK )ADJP '' (PP for (NP (NP most )NP (PP of (NP the day )NP )PP )NP )PP )VP )S , (VP said )VP (NP (NP Robert H. *UNKC )NP , (NP (NP vice president )NP (PP at (NP *UNKC Bank PLC )NP )PP )NP )NP . )SINV  STOP
(S (NP He )NP (VP said (SBAR (S (NP some investors )NP (VP were (ADJP reluctant (S (VP to (VP plunge (PP into (NP the market )NP )PP (ADVP ahead (PP of (NP (NP (NP several key economic indicators )NP (ADJP due (NP this week )NP )ADJP )NP , especially (NP (NP Friday 's )NP (ADJP potentially *UNKING )ADJP employment report )NP )NP )PP )ADVP )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S (PP During (NP (NP the first hour )NP (PP of (NP trading )NP )PP )NP )PP (NP yesterday )NP , (NP prices )NP (VP fell (ADVP (NP (QP as much as 1\/4 )QP point )NP , or (ADVP down (NP (NP (QP about $ 2.50 )QP )NP (PP for (NP each (ADJP $ 1,000 )ADJP face amount )NP )PP )NP )ADVP )ADVP )VP . )S  STOP
(S But (NP market activity )NP (VP was (VP *UNKED (SBAR as (S (NP investors )NP (VP started (S (VP to (VP view (NP the lower price levels )NP (PP as (ADJP attractive )ADJP )PP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S And (NP (NP (NP (NP the Treasury 's )NP (ADJP (QP $ *UNKN billion )QP )ADJP auction )NP (PP of (NP short-term bills )NP )PP )NP , (SBAR (WHNP which )WHNP (S (VP generated (NP strong buying interest )NP )VP )S )SBAR , )NP (VP helped (S (VP to (VP lift (NP the bond market )NP (PP out (PP of (NP the *UNK )NP )PP )PP )VP )VP )S )VP . )S  STOP
(SINV `` (S (S (NP We )NP (VP saw (NP (NP good retail demand )NP (PP by (NP (NP small banks )NP , (NP individuals )NP and (NP institutions )NP )NP )PP )NP )VP )S and (S (NP that )NP (VP is (NP (NP one reason )NP (SBAR (WHADVP why )WHADVP (S (NP the market )NP (VP advanced '' (ADVP late (PP in (NP the day )NP )PP )ADVP )VP )S )SBAR )NP )VP )S )S , (VP said )VP (NP (NP *UNKC *UNKC *UNKC )NP , (NP (NP senior vice president and chief economist )NP (PP at (NP (NP *UNKC Corp. )NP , (NP Minneapolis )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP He )NP (VP said (SBAR (S (NP (NP the change )NP (PP in (NP sentiment )NP )PP )NP (ADVP also )ADVP (VP reflected (NP *UNK (SBAR that (S (NP (NP the slate )NP (PP of (NP economic *UNK )NP )PP (ADJP due (NP this week )NP )ADJP )NP (VP will (VP be `` (ADJP *UNK (PP to (NP a bond market rally )NP )PP )ADJP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP The employment report )NP , (SBAR (WHNP which )WHNP (S (VP will (VP provide (NP (NP the first official measure )NP (PP of (NP (NP (NP the economy 's )NP strength )NP (PP in (NP October )NP )PP )NP )PP )NP )VP )VP )S )SBAR , )NP (VP is (VP expected (S (VP to (VP show (NP (NP smaller gains )NP (PP in (NP (NP the generation )NP (PP of (NP new jobs )NP )PP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Other key economic indicators )NP (ADJP due (NP this week )NP )ADJP )NP (VP include (NP (NP (NP today 's )NP release )NP (PP of (NP (NP the September leading indicators index )NP and (NP *UNK- sales )NP )NP )PP )NP )VP . )S  STOP
(S (S (NP *UNKC )NP , (NP the October purchasing managers report )NP (VP is (ADJP due )ADJP )VP )S and (SINV (PP on (NP Thursday )NP )PP (VP comes )VP (NP October *UNK- sales )NP )SINV . )S  STOP
(S (PP Despite (NP (NP yesterday 's )NP modest bond market gains )NP )PP , (NP economists )NP (VP say (SBAR (S (NP investors )NP (VP are (ADJP anxious (PP about (NP (NP (NP the Treasury 's )NP huge quarterly *UNKING )NP (PP of (NP government debt )NP )PP , (SBAR (WHNP (WHNP the timing )WHNP (WHPP of (WHNP which )WHNP )WHPP )WHNP (S (VP depends (PP on (NP Congressional efforts (S (VP to (VP raise (NP the debt ceiling )NP )VP )VP )S )NP )PP )VP )S )SBAR )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Although (S (NP the Treasury )NP (VP will (VP announce (NP (NP details )NP (PP of (NP the November refunding )NP )PP )NP (NP tomorrow )NP )VP )VP )S )SBAR , (NP it )NP (VP could (VP be (VP delayed (SBAR if (S (NP (NP Congress )NP and (NP President Bush )NP )NP (VP fail (S (VP to (VP increase (NP (NP the Treasury 's )NP borrowing capacity )NP )VP )VP )S )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP The debt ceiling )NP (VP is (VP scheduled (S (VP to (VP fall (PP to (NP (QP $ 2.8 trillion )QP )NP )PP (PP from (NP (QP $ *UNKN trillion )QP )NP )PP (PP at (NP (NP *UNK )NP (NP *UNK )NP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The Treasury 's )NP benchmark 30-year bond )NP (VP rose (NP 1\/8 point )NP )VP . )S  STOP
(S (S (NP *UNKED securities )NP (VP were (ADVP up (NP (QP less than 1\/8 )QP point )NP )ADVP )VP )S and (S (NP investment-grade corporate bonds )NP (VP were (ADJP unchanged )ADJP )VP )S . )S  STOP
(S (NP (NP *UNKC demand )NP (PP for (NP (NP New York City 's )NP (ADJP (QP $ *UNKN million )QP )ADJP general obligation bonds )NP )PP )NP (VP *UNKED (PRT up )PRT (NP the municipal market )NP )VP . )S  STOP
(S (NP Traders )NP (VP said (SBAR (S (NP most municipal bonds )NP (VP ended (ADVP (NP 1\/2 point )NP higher )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP The New York City issue )NP (VP included (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP (NP tax-exempt bonds )NP (VP priced (S (VP to (VP yield (NP (QP between *UNKN % to *UNKN % )QP )NP , (PP depending (PP on (NP the maturity )NP )PP )PP )VP )VP )S )VP )NP )PP )NP )VP . )S  STOP
(S (NP (NP The (QP $ 56 million )QP )NP (PP of (NP (NP New York 's )NP taxable general obligation bonds )NP )PP )NP (VP were (VP priced (S (VP to (VP yield (NP (QP between *UNKN % to *UNKN % )QP )NP )VP )VP )S )VP )VP . )S  STOP
(S (SBAR As (S (VP expected )VP )S )SBAR , (NP the *UNK- tax-exempt New York bonds )NP (VP had (NP (NP yields )NP (ADJP (ADJP nearly as high )ADJP (PP as (NP (NP those )NP (PP on (NP taxable long-term Treasury bonds )NP )PP )NP )PP )ADJP )NP )VP . )S  STOP
(S (NP (NP The yield )NP (PP on (NP the benchmark 30-year Treasury bond )NP )PP )NP (VP ended (NP yesterday )NP (PP at (NP (QP about *UNKN )QP % )NP )PP )VP . )S  STOP
(S (NP Bond dealers )NP (VP said (SBAR (S (NP (NP the rates )NP (PP for (NP the long-term tax-exempt New York City bonds )NP )PP )NP (VP were (PP among (NP (NP the highest )NP , (PP as (NP (NP a percentage )NP (PP of (NP Treasury rates )NP )PP )NP )PP , (PP for (NP (NP any New York City issue )NP (PP in (NP recent memory )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A spokesman )NP (PP for (NP New York City *UNKC *UNKC *UNKC )NP )PP )NP (VP said (SBAR (S (NP the high rates )NP (VP reflect (NP (NP investors concerns )NP (PP about (NP (NP the city 's )NP (NX (NX financial health )NX and (NX political *UNK )NX )NX )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP New York bonds )NP , (SBAR (WHNP which )WHNP (S (VP have (VP been (VP *UNKED (PP in (NP recent weeks )NP )PP (PP on (NP (NP the pending supply )NP and (NP reports (SBAR that (S (NP (NP the city 's )NP economy )NP (VP is (VP growing (ADJP weaker )ADJP )VP )VP )S )SBAR )NP )NP )PP )VP )VP )VP )S )SBAR , )NP (VP rose (NP 1\/2 point )NP (NP yesterday )NP )VP . )S  STOP
(NP Treasury Securities )NP  STOP
(S (NP Treasury bonds )NP (VP ended (ADVP slightly higher )ADVP (PP in (NP light trading )NP )PP )VP . )S  STOP
(S (NP The benchmark 30-year bond )NP (VP ended (PP at (NP (NP (QP 102 *UNKN )QP )NP (SBAR (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )SBAR )NP )PP , (PP compared (PP with (NP (NP (NP Friday 's )NP price )NP (PP of (NP (NP (QP 102 *UNKN )QP )NP (SBAR (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )SBAR )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP The latest 10-year notes )NP (VP ended (PP at (NP (NP (QP about 100 *UNKN )QP )NP (SBAR (S (VP to (VP yield (NP 7.90 % )NP )VP )VP )S )SBAR )NP )PP , (PP compared (PP with (NP (NP (QP 100 *UNKN )QP )NP (SBAR (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )SBAR (PP on (NP Friday )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP *UNKC interest rates )NP (VP rose (PP at (NP (NP the government 's )NP regular weekly *UNKC auction )NP )PP )VP . )S  STOP
(S (S (NP (NP The average discount rate )NP (PP on (NP three-month bills )NP )PP )NP (VP was (NP *UNKN % )NP )VP )S and (S (NP (NP the rate )NP (PP on (NP six-month bills )NP )PP )NP (VP was (NP *UNKN % )NP )VP )S . )S  STOP
(S (NP Those rates )NP (VP are (ADVP up (PP from (NP (NP (NP *UNKN % )NP and (NP 7.50 % )NP , (ADVP respectively )ADVP , )NP (PP at (NP (NP last week 's )NP auction )NP )PP )NP )PP )ADVP )VP . )S  STOP
(S (PP *UNKC to (NP (NP the Treasury 's )NP need (S (VP to (VP raise (NP funds )NP (ADVP quickly )ADVP (SBAR before (S (NP the current authority (S (VP to (VP issue (NP debt )NP )VP )VP )S )NP (VP expires (PP at (NP *UNK )NP )PP (NP *UNK )NP )VP )S )SBAR )VP )VP )S )NP )PP , (NP (NP yesterday 's )NP auction )NP (VP was (VP structured (ADVP *UNKLY (PP from (NP previous sales )NP )PP )ADVP )VP )VP . )S  STOP
(S (NP (NP The Treasury bills )NP (VP sold (NP yesterday )NP )VP )NP (VP settle (NP (NP today )NP , (PP rather than (NP (NP the standard settlement day )NP (PP of (NP Thursday )NP )PP )NP )PP )NP )VP . )S  STOP
(S And (PP because of (NP the early settlement )NP )PP , (S (NP the three-month bills )NP (ADVP actually )ADVP (VP have (NP a *UNK- maturity )NP )VP )S , and (S (NP the six-month bills )NP (VP have (NP an *UNK- maturity )NP )VP )S . )S  STOP
(S (PP Because of (NP the early settlement )NP )PP , (NP the Federal Reserve )NP (VP was (ADJP unable (S (VP to (VP purchase (NP (NP bills )NP (PP for (NP its system account )NP )PP )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (ADVP However )ADVP , (NP analysts )NP (VP expect (S (NP the Fed )NP (VP to (VP buy (NP (NP Treasury bills )NP (SBAR (WHNP that )WHNP (S (VP were (VP *UNKED (NP yesterday )NP (PP in (NP the secondary market )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (NP The Treasury )NP (ADVP also )ADVP (VP held (NP (NP a (ADJP *UNKLY scheduled )ADJP (ADJP (QP $ 2 billion )QP )ADJP sale )NP (PP of (NP *UNK- management bills )NP )PP )NP (NP yesterday )NP )VP . )S  STOP
(SINV (ADVP Here )ADVP (VP are )VP (NP (NP details )NP (PP of (NP (NP yesterday 's )NP (ADJP three-month and six-month )ADJP bill auction )NP )PP )NP : )SINV  STOP
(S (NP *UNKC )NP (VP are (VP determined (PP by (NP (NP the difference )NP (PP between (NP the purchase price and face value )NP )PP )NP )PP )VP )VP . )S  STOP
(S (ADVP Thus )ADVP , (NP higher bidding )NP (VP *UNK (NP (NP the investor 's )NP return )NP (SBAR while (S (NP lower bidding )NP (VP *UNK (NP it )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The percentage rates )NP (VP are (VP calculated (PP on (NP a *UNK- year )NP )PP , (SBAR while (S (NP the coupon equivalent yield )NP (VP is (VP based (PP on (NP a *UNK- year )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Both issues )NP (VP are (VP dated (NP Oct. 31 )NP )VP )VP . )S  STOP
(S (S (NP The *UNK- bills )NP (VP mature (NP Feb. 1 )NP )VP )S , and (S (NP the *UNK- bills )NP (VP mature (NP May 3 , 1990 )NP )VP )S . )S  STOP
(SINV (ADVP Here )ADVP (VP are )VP (NP (NP (NP details )NP (PP of (NP (NP yesterday 's )NP *UNK- cash management bill auction )NP )PP )NP )NP : )SINV  STOP
(NP (NP Interest rate )NP (NP *UNKN % )NP )NP  STOP
(S (NP The bills )NP (VP (VP are (VP dated (NP Oct. 31 )NP )VP )VP and (VP mature (NP Dec. 21 , 1989 )NP )VP )VP . )S  STOP
(NP Corporate Issues )NP  STOP
(S (NP (NP The junk bond prices )NP (PP of (NP Western Union Corp. )NP )PP )NP (VP tumbled (SBAR after (S (NP the company )NP (VP said (SBAR (S (NP it )NP (VP wo n't (VP proceed (PP with (NP (NP an exchange offer )NP (PP to (NP (NP holders )NP (PP of (NP its reset notes )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP The (NAC *UNKC *UNKC River , N.J. , )NAC communications firm )NP (VP said (SBAR (S (NP it )NP (VP is (VP considering (NP (NP alternatives )NP (PP to (NP (NP the restructuring )NP (PP of (NP the senior secured notes )NP )PP )NP )PP )NP (PP because of (NP (NP changes )NP (PP in (NP the high-yield market )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP June )NP )PP , (NP Western Union )NP (VP was (VP (VP forced (S (VP to (VP reset (NP (NP the interest rate )NP (PP on (NP (NP the senior secured notes )NP (ADJP due (PP in (NP 1992 )NP )PP )ADJP )NP )PP )NP (PP to (NP (QP 19 1\/4 )QP % )NP )PP (PP from (NP (QP 16 1\/2 )QP % )NP )PP )VP )VP )S )VP , (NP (NP a move )NP (SBAR (WHNP which )WHNP (S (VP increased (NP (NP the firm 's )NP annual interest payments )NP (PP by (NP (QP $ *UNKN million )QP )NP )PP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (SBAR Although (S (NP the notes )NP (VP held (PP at (NP (NP a price )NP (PP of (NP (QP 92 to 93 )QP )NP )PP )NP )PP (PP (ADVP immediately )ADVP after (NP the reset )NP )PP )VP )S )SBAR , (NP they )NP (VP started (S (VP falling (ADVP soon *UNK )ADVP )VP )S )VP . )S  STOP
(S (NP Yesterday )NP , (NP (NP Western Union 's )NP senior secured reset notes )NP (VP fell (NP (NP 3 3\/4 points )NP , or (NP (NP (QP about $ *UNKN )QP )NP (PP for (NP each (ADJP $ 1,000 )ADJP face amount )NP )PP )NP , )NP (S (VP to (VP close (PP at (NP 50 1\/4 )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Other Western Union securities )NP (VP were (ADVP also )ADVP (ADJP lower )ADJP )VP . )S  STOP
(S (NP (NP The company 's )NP (ADJP 7.90 % )ADJP *UNKING fund debentures )NP (VP were (VP quoted (PP at (NP (NP (NP a bid price )NP (PP of (NP (QP 14 1\/4 )QP )NP )PP )NP and (NP (NP an offered price )NP (PP of (NP 30 )NP )PP )NP )NP )PP , (SBAR while (S (NP (NP the (ADJP (QP 10 3\/4 )QP % )ADJP subordinated debentures )NP (PP of (NP 1997 )NP )PP )NP (VP were (VP being (VP (VP bid (PP for )PP (PP at (NP 28 )NP )PP )VP and (VP offered (PP at (NP (QP around 34 3\/4 )QP )NP )PP )VP )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The (ADJP (QP 10 3\/4 )QP % )ADJP debentures )NP (ADVP last )ADVP (VP traded (PP at (NP 35 )NP )PP )VP . )S  STOP
(S (S (NP *UNKC traders )NP (VP said (SBAR (S (NP (NP *UNK )NP (PP between (NP (NP the bid and offered prices )NP (PP of (NP Western Union junk bonds )NP )PP )NP )PP )NP (VP have (VP been (VP *UNKING (PP for (NP some time )NP )PP )VP )VP )VP )S )SBAR )VP )S , and (S (PP in (NP certain cases )NP )PP , (NP (NP bids )NP (PP for (NP Western Union securities )NP )PP )NP (VP are not (ADJP available )ADJP )VP )S . )S  STOP
(S (ADVP Elsewhere )ADVP , (NP (NP prices )NP (PP of (NP (ADJP investment-grade and high-risk , high-yield )ADJP junk bonds )NP )PP )NP (VP ended (ADJP unchanged )ADJP )VP . )S  STOP
(S (PP In (NP (NP the *UNK- market )NP (PP for (NP junk securities )NP )PP )NP )PP , (NP (NP underwriters )NP (PP at (NP Salomon Brothers Inc. )NP )PP )NP (VP are (VP expected (S (VP to (VP price (NP today )NP (NP (NP a (ADJP (QP $ 350 million )QP )ADJP junk bond offering )NP (PP by (NP Beatrice Co. )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP The two-part issue )NP (VP consists (PP of (NP (NP (NP (QP $ 200 million )QP )NP (PP of (NP (NP senior subordinated reset notes )NP (VP maturing (PP in (NP 1997 )NP )PP )VP )NP )PP )NP and (NP (NP (QP $ 150 million )QP )NP (PP of (NP (NP subordinated *UNKING rate notes )NP (VP (ADVP also )ADVP maturing (PP in (NP 1997 )NP )PP )VP )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP *UNKC managers )NP (VP said (SBAR (S (NP expectations )NP (VP are (SBAR for (S (NP the issue )NP (VP to (VP be (VP priced (PP at (NP a discount )NP )PP (PP with (NP (NP (NP a coupon )NP (PP of (NP (QP 13 3\/4 )QP % )NP )PP )NP and (NP (NP a yield )NP (PP of (NP (QP about 14 )QP % )NP )PP )NP )NP )PP )VP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP The Chicago-based food and consumer goods concern )NP (VP was (VP acquired (PP in (NP April 1986 )NP )PP (PP in (NP (NP a (ADJP (QP $ *UNKN billion )QP )ADJP leveraged buy-out )NP (VP engineered (PP by (NP *UNKC Kravis Roberts & Co )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Proceeds )NP (PP from (NP the note sale )NP )PP )NP (VP will (VP be (VP used (S (VP to (VP repay (NP (NP a portion )NP (PP of (NP (NP the bank borrowings )NP (VP used (PP by (NP Beatrice )NP )PP (S (VP to (VP redeem (NP (NP its (ADJP (QP $ *UNKN million )QP )ADJP principal amount )NP (PP of (NP increasing rate debentures )NP )PP )NP (PP in (NP August )NP )PP )VP )VP )S )VP )NP )PP )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP underwriters )NP (PP at (NP Morgan Stanley & Co. )NP )PP )NP (VP are (VP expected (NP today )NP (S (VP to (VP price (NP (NP a (ADJP (QP $ 350 million )QP )ADJP high-yield offering )NP (PP by (NP Continental *UNKC Inc )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The senior subordinated debentures )NP (VP maturing (PP in (NP 2004 )NP )PP )VP )NP (VP are (VP targeted (S (VP to (VP be (VP offered (PP at (NP (NP a yield )NP (PP of (NP (QP between 12 5\/8 % to 12 3\/4 % )QP )NP )PP )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(NP *UNKED Securities )NP  STOP
(S (NP Mortgage securities )NP (VP ended (ADVP (QP *UNKN to *UNKN )QP higher )ADVP (PP in (NP light trading )NP )PP )VP . )S  STOP
(S (S (NP (NP (NP Ginnie Mae 's )NP (ADJP 9 % )ADJP issue )NP (PP for (NP November delivery )NP )PP )NP (VP finished (PP at (NP (QP 98 1\/2 )QP )NP )PP , (ADVP up (NP *UNKN )NP )ADVP )VP )S , and (S (NP its (ADJP 10 % )ADJP issue )NP (PP at (NP (QP 102 3\/8 )QP )NP )PP , (ADVP up (NP *UNKN )NP )ADVP )S . )S  STOP
(S (NP (NP Freddie Mac 's )NP (ADJP 9 % )ADJP issue )NP (VP ended (PP at (NP (QP 97 *UNKN )QP )NP )PP , (ADVP up (NP *UNKN )NP )ADVP )VP . )S  STOP
(S (PP In (NP the derivative market )NP )PP , (NP insurance companies )NP (VP have (VP *UNKED (PRT back )PRT (NP (NP their purchases )NP (PP of (NP (NP Remic securities )NP , or (NP real estate mortgage investment *UNK )NP , )NP )PP )NP (SBAR as (S (NP they )NP (VP *UNK (NP (NP potential claims )NP (PP from (NP the (NX (NX recent California earthquake )NX and (NX (NX hurricane )NX (PP in (NP the *UNKC )NP )PP )NX )NX )NP )PP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP This )NP (VP could (VP mean (NP (NP diminished issuance )NP (PP of (NP derivative mortgage issues )NP )PP (PP during (NP the next few weeks )NP )PP )NP )VP )VP . )S  STOP
(S (NP Insurance companies )NP (VP have (VP been (NP (NP major buyers )NP (PP of (NP (NP *UNKED planned *UNK classes )NP (PRN -LRB- (NP *UNKC )NP -RRB- )PRN )NP )PP )NP (PP during (NP the past few months )NP )PP )VP )VP . )S  STOP
(S (NP The *UNKC )NP (VP appeal (PP to (NP (NP insurance companies )NP and (NP other investors )NP )NP )PP (SBAR because (S (NP they )NP (VP (VP have (NP (NP higher yields )NP (PP than (NP *UNK corporate bonds )NP )PP )NP )VP and (VP carry (NP (NP the guarantee )NP (PP of (NP (NP (NP Freddie Mac )NP and (NP Fannie Mae )NP )NP , (NP *UNK- agencies )NP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP the asset-backed market )NP )PP , (NP *UNKC Corp. )NP (VP offered (NP (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP (NP securities )NP (VP backed (PP by (NP *UNK- loans )NP )PP )VP )NP )PP )NP , (NP (NP the second large deal )NP (PP in (NP the past week )NP )PP )NP )NP )VP . )S  STOP
(S (NP Last week )NP , (NP (NP a unit )NP (PP of (NP *UNKC Financial Corp. )NP )PP )NP (VP offered (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP *UNK- securities )NP )PP )NP )VP . )S  STOP
(S (NP Both the *UNKC and *UNKC offering )NP (VP were (VP *UNK (PP by (NP (NP Merrill Lynch Capital Markets )NP , (NP (NP the leading Wall Street firm )NP (PP in (NP the *UNK- securities market )NP )PP )NP , (SBAR (WHNP which )WHNP (S (VP was (VP created (NP early this year )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(NP Municipal Issues )NP  STOP
(S (S (NP (NP (NP The improved tone )NP (PP in (NP the municipal market )NP )PP )NP , (ADVP largely )ADVP (NP (NP an *UNK )NP (PP of (NP (NP the New York City sale 's )NP *UNK )NP )PP )NP , )NP (VP helped (S (NP municipal futures )NP (VP rebound (PP from (NP early lows )NP )PP )VP )S )VP )S , but (S (NP (NP the spread )NP (PP between (NP the contract and *UNKC futures )NP )PP )NP (VP continued (S (VP to (VP grow (ADJP more negative )ADJP )VP )VP )S )VP )S . )S  STOP
(S (NP The (NX (NX *UNKC spread )NX , or (NX (NX difference )NX (PP between (NP the (ADJP municipal and *UNKC )ADJP futures contracts )NP )PP )NX , )NX )NP (VP has (VP been (PP near (NP *UNK- lows )NP )PP (PP in (NP recent trading )NP )PP , (S (VP driven (ADVP basically )ADVP (PP by (NP concerns (SBAR that (S (NP *UNK- supply )NP (VP would (VP *UNK (NP demand )NP )VP )VP )S )SBAR )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP December municipal futures )NP (VP ended (ADVP up (NP *UNKN point )NP (PP to (NP *UNKN )NP )PP )ADVP , (S (VP having (VP pulled (PP off (NP (NP a morning low )NP (PP of (NP *UNKN )NP )PP )NP )PP (SBAR as (S (NP cash *UNK )NP (VP rebounded )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S But (NP front month *UNKC futures )NP (VP settled (NP the afternoon session )NP (ADVP up (NP a (ADJP slightly greater )ADJP *UNKN )NP )ADVP (PP at (NP *UNKN )NP )PP )VP . )S  STOP
(NP Foreign Bonds )NP  STOP
(S (NP British government bonds )NP (VP ended (ADVP *UNKLY higher )ADVP , (S (VP encouraged (PP by (NP (NP a *UNK pound )NP and (NP (NP a rise )NP (PP in (NP British stocks )NP )PP )NP )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP The benchmark (ADJP (QP 11 3\/4 )QP % )ADJP bond )NP (ADJP due (NP *UNKN )NP )ADJP )NP (VP rose (NP *UNKN )NP (PP to (NP (QP 111 *UNKN )QP )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S , (SBAR while (S (NP (NP (NP the Treasury 's )NP (ADJP 12 % )ADJP notes )NP (ADJP due (NP 1995 )NP )ADJP )NP (VP rose (NP *UNKN )NP (PP to (NP 103 5\/8 )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP West German government bonds )NP (VP fell (NP (QP as much as *UNKN )QP point )NP (PP in (NP light , nervous trading )NP )PP )VP . )S  STOP
(S (NP (NP The (ADJP 7 % )ADJP Treasury bond )NP (ADJP due (NP October 1999 )NP )ADJP )NP (VP ended (ADVP off (NP *UNKN point )NP (PP to (NP *UNKN )NP )PP )ADVP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S , (SBAR while (S (NP (NP the (ADJP (QP 6 3\/4 )QP % )ADJP notes )NP (ADJP due (NP 1994 )NP )ADJP )NP (VP fell (NP *UNKN point )NP (PP to (NP *UNKN )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Japanese government bonds )NP (VP continued (S (VP to (VP *UNK )VP )VP )S (SBAR as (S (NP the dollar )NP (VP remained (ADJP *UNK (PP against (NP the yen )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP Japan 's )NP No. 111 (ADJP 4.6 % )ADJP bond )NP (ADJP due (NP 1998 )NP )ADJP )NP (VP ended (NP the day )NP (PP on (NP brokers screens )NP )PP (PP at (NP *UNKN )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP . )S  STOP
(S (NP *UNKED *UNK- acquisitions )NP (VP totaled (NP (QP $ *UNKN billion )QP )NP (PP in (NP the second quarter )NP )PP , (ADVP down (PP from (NP (QP $ *UNKN billion )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP )ADVP , (PP according (PP to (NP the accounting firm *UNKC *UNKC *UNKC )NP )PP )PP )VP . )S  STOP
(S (PP In (NP a *UNK- transaction )NP )PP , (NP the buyer )NP (VP is (PP in (NP (NP a different region )NP (PP of (NP the *UNK )NP )PP (PP from (NP the target )NP )PP )NP )PP )VP . )S  STOP
(S (NP Such transactions )NP (VP *UNKED (NP *UNKN )NP (PP in (NP the second quarter )NP )PP , (ADVP up (PP from (NP *UNKN )NP (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )VP . )S  STOP
(S (ADVP However )ADVP , (NP the total value )NP (VP declined (PP for (NP (NP deals )NP (PP of (NP (QP $ 100 million and up )QP )NP )PP )NP )PP )VP . )S  STOP
(SINV (S (NP (NP The downturn )NP (PP in (NP total value )NP )PP )NP (VP may (VP be (ADVP only )ADVP (ADJP temporary )ADJP )VP )VP )S , (VP suggested )VP (NP (NP *UNKC *UNKC )NP , (NP a *UNKC *UNKC *UNKC partner )NP )NP . )SINV  STOP
(S (NP He )NP (VP explained (PRN , (PP in (NP part )NP )PP , )PRN (SBAR that (S (S (VP restructuring (S (VP to (VP prepare (PP for (NP (NP the *UNKC Market expansion )NP (ADJP due (PP in (NP 1992 )NP )PP )ADJP )NP )PP )VP )VP )S )VP )S `` (VP has (VP become (NP (NP more )NP (PP of (NP a strategic priority )NP )PP )NP , (PP both for (NP (NP companies )NP (PP inside and outside (NP the European Community )NP )PP )NP )PP )VP )VP . '' )S )SBAR )VP )S  STOP
(S (S (PP In (NP the second quarter )NP )PP , (NP (NP *UNK- *UNK- transactions )NP -- (NP (NP deals )NP (PP under (NP (NP (QP $ 100 million )QP )NP (NP each )NP )NP )PP )NP -- )NP (VP (VP *UNKED (NP *UNKN )NP )VP and (VP totaled (NP (QP $ 6 billion )QP )NP )VP , (PP compared (PP with (NP (NP *UNKN such transactions )NP (VP totaling (NP (QP $ 4.9 billion )QP )NP (ADVP (NP a year )NP earlier )ADVP )VP )NP )PP )PP )VP )S , (NP the firm )NP (VP said )VP . )S  STOP
(S (S (NP *UNKC *UNK- deals )NP (VP (VP *UNKED (NP 51 )NP )VP and (VP totaled (NP (QP $ *UNKN billion )QP )NP )VP (PP in (NP the second quarter )NP )PP )VP )S , (NP the firm )NP (VP added )VP . )S  STOP
(S (NP That )NP (VP compared (PP with (NP (NP 49 such transactions )NP (VP totaling (NP (QP $ *UNKN billion )QP )NP )VP (ADVP (NP as year )NP earlier )ADVP )NP )PP )VP . )S  STOP
(S (NP *UNKC Foods Inc. )NP (VP said (SBAR (S (NP its board )NP (VP authorized (NP (NP the purchase )NP (PP of (NP (NP (QP as many as 500,000 )QP )NP (PP of (NP its common stock purchase warrants )NP )PP )NP )PP (PP at (NP (NP a price )NP (PP of (NP (NP $ 4 )NP (NP a warrant )NP )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The food company )NP , (SBAR (WHNP which )WHNP (S (VP has (NP (NP (NP *UNKN warrants )NP and (NP (QP about 2.9 million )QP common shares )NP )NP (ADJP outstanding )ADJP )NP )VP )S )SBAR , )NP (VP said (SBAR (S (NP it )NP (VP may (VP increase (NP the offer )NP (S (VP to (VP purchase (NP (NP any or all warrants )NP (SBAR (WHNP that )WHNP (S (VP are (VP (ADVP properly )ADVP tendered )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP A warrant )NP (VP permits (S (NP a holder )NP (VP to (VP acquire (NP (NP one share )NP (PP of (NP common stock )NP )PP )NP (PP for (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The warrants )NP (VP (VP expire (PP on (NP Oct. 15 , 1992 )NP )PP )VP , and (VP may (VP be (VP called (PP by (NP the company )NP )PP (PP at (NP (NP a price )NP (PP of (NP $ *UNKN )NP )PP )NP )PP )VP )VP )VP )VP . )S  STOP
(S (NP The offer )NP (VP is (VP scheduled (S (VP to (VP expire (PP on (NP Nov. 28 )NP )PP )VP )VP )S , (SBAR unless (S (VP extended )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP , (NP *UNKC )NP (VP closed (NP yesterday )NP (PP at (NP $ *UNKN )NP )PP , (ADVP down (NP 12.5 cents )NP )ADVP )VP . )S  STOP
(NP *UNKC *UNKC )NP  STOP
(S (NP *UNKC problems )NP , (SBAR though (S (ADVP often )ADVP (ADJP quite *UNK )ADJP )S )SBAR , (NP (NP This time )NP (PP of (NP year )NP )PP )NP (VP leave (NP us )NP (PP in (NP *UNK )NP )PP , (SBAR (WHADVP When )WHADVP (S (NP we )NP (VP notice (PP around (NP our airport )NP )PP (NP (NP A holding pattern )NP (PP for (NP *UNK )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(NP -- Edward F. *UNKC . )NP  STOP
(NP *UNKED )NP  STOP
(S `` (S (NP I )NP (VP am (PP *UNK (NP myself )NP )PP )VP )S , '' (NP I )NP (VP 've (VP said (PP in (NP (NP *UNK )NP (PP of (NP heat )NP )PP )NP )PP , (PP Without (S (ADVP ever )ADVP (VP *UNKING (S (VP To (VP *UNK (PP at (NP the *UNK )NP )PP )VP )VP )S )VP )S )PP )VP )VP . )S  STOP
(NP -- *UNKC *UNKC . )NP  STOP
(NP *UNKC *UNKC )NP  STOP
(S (NP (NP The ultimate blow )NP (PP to (NP the *UNK )NP )PP )NP (VP is (VP learning (SBAR that (S (NP even your mistakes )NP (VP go (S (ADJP *UNKED )ADJP )S )VP )S )SBAR )VP )VP . )S  STOP
(NP -- *UNKC *UNKC . )NP  STOP
(S (NP (NP Gen-Probe Inc. )NP , (NP a biotechnology concern )NP , )NP (VP said (SBAR (S (NP it )NP (VP signed (NP a definitive agreement (S (VP to (VP be (VP acquired (PP by (NP (NP Chugai *UNKC Co. )NP (PP of (NP Tokyo )NP )PP )NP )PP (PP for (NP (NP (QP about $ 110 million )QP )NP , or (NP (NP (QP almost double )QP the market price )NP (PP of (NP (NP Gen-Probe 's )NP stock )NP )PP )NP )NP )PP )VP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The move )NP (VP is (ADJP sure (S (VP to (VP *UNK (NP (NP concerns )NP (PP about (NP (NP increased Japanese investment )NP (PP in (NP U.S. biotechnology firms )NP )PP )NP )PP )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP It )NP (VP is (ADVP also )ADVP (ADJP likely (S (VP to (VP bolster (NP fears (SBAR that (S (NP the Japanese )NP (VP will (VP use (NP (NP their *UNK )NP (PP in (NP U.S. biotechnology concerns )NP )PP )NP (S (VP to (VP gain (NP certain (UCP trade and competitive )UCP *UNK )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP (NP Gen-Probe )NP , (NP (NP an industry leader )NP (PP in (NP (NP the field )NP (PP of (NP (NP genetic *UNK )NP , (SBAR (WHNP which )WHNP (S (VP is (NP (NP a new technology )NP (VP used (PP in (NP *UNK tests )NP )PP )VP )NP )VP )S )SBAR )NP )PP )NP )PP )NP , )NP (NP last year )NP (VP signed (NP an agreement (SBAR for (S (NP Chugai )NP (VP to (VP (ADVP *UNKLY )ADVP market (NP (NP its *UNK products )NP )NP (PP in (NP Japan )NP )PP (PP for (NP (NP *UNK *UNK )NP and (NP cancer )NP )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Chugai )NP (VP agreed (ADVP then )ADVP (S (VP to (VP fund (NP certain associated research and development costs )NP )VP )VP )S )VP . )S  STOP
(S (S (NP That arrangement )NP (ADVP apparently )ADVP (VP has (VP worked (ADVP well )ADVP )VP )VP )S , and (S (NP (NP Thomas A. *UNKC )NP , (NP (NP (NP president )NP and (NP chief executive officer )NP )NP (PP of (NP (NP Gen-Probe )NP , (VP founded (PP in (NP 1983 )NP )PP )VP )NP )PP )NP , )NP (VP said (SBAR (S (NP (NP the sale )NP (PP of (NP the company )NP )PP )NP (VP means (SBAR `` (S (NP we )NP (VP will (VP be (ADJP able (S (VP to (VP concentrate (PP on (S (VP (VP running (NP the business )NP )VP (CONJP rather than )CONJP (VP (ADVP always )ADVP looking (PP for (NP (NP sources )NP (PP of (NP financing )NP )PP )NP )PP )VP )VP )S )PP )VP )VP )S )ADJP )VP )VP )S )SBAR )VP )S )SBAR )VP )S . '' )S  STOP
(S (NP Chugai )NP (VP agreed (S (VP to (VP pay (NP (NP $ 6.25 )NP (NP a share )NP )NP (PP for (NP (NP (NP Gen-Probe 's )NP (QP *UNKN million )QP common shares )NP (ADJP outstanding )ADJP )NP )PP (PP on (NP a (ADJP fully diluted )ADJP basis )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Yesterday )NP , (PP in (NP (NP national trading )NP (PP in (NP the over-the-counter market )NP )PP )NP )PP , (NP Gen-Probe common )NP (VP closed (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP )VP . )S  STOP
(S (SBAR Because (S (NP the U.S. )NP (VP leads (PP in (NP (NP most areas )NP (PP of (NP biotechnology )NP )PP )NP )PP -- (PP (ADVP largely )ADVP because of (NP (NP research investment )NP (PP by (NP the U.S. government )NP )PP )NP )PP -- )VP )S )SBAR (NP the sale )NP (VP is (ADJP sure (S (VP to (VP increase (NP concerns (SBAR that (S (NP Japanese companies )NP (VP will (VP (VP buy (NP American *UNK- )NP )VP and (VP use (NP it )NP (S (VP to (VP obtain (NP the upper hand )NP (PP in (NP biotechnology trade and competition )NP )PP )VP )VP )S )VP )VP )VP )S )SBAR )NP )VP )VP )S )ADJP )VP . )S  STOP
(SINV `` (S (NP The biotechnology firms )NP (VP may (VP be (VP setting (PRT up )PRT (NP their own competitors )NP )VP )VP )VP )S , '' (VP said )VP (NP (NP Richard *UNKC )NP , (NP (NP president )NP (PP of (NP the Industrial *UNKC Association )NP )PP )NP )NP . )SINV  STOP
(S (NP He )NP (VP added (SBAR that (S (PP until (ADVP now )ADVP )PP (NP the Japanese )NP (VP have (VP (ADVP only )ADVP acquired (NP (NP equity positions )NP (PP in (NP U.S. biotechnology companies )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP They )NP (VP are (VP *UNKING (PP onto (NP developed technology )NP )PP )VP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (PP During (NP the past five years )NP )PP , (NP Japanese concerns )NP (VP have (VP invested (PP in (NP (NP several )NP (PP of (NP (NP the U.S. 's )NP *UNKN independent biotechnology companies )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP Chugai )NP (VP has (VP been (NP (NP one )NP (PP of (NP (NP the (ADJP most active )ADJP Japanese players )NP (PP in (NP U.S. biotechnology companies )NP )PP )NP )PP )NP )VP )VP )S ; (S (NP it )NP (VP has (NP (NP (NP an equity investment )NP (PP in (NP (NP *UNKC Institute Inc. )NP , (NP (NP Cambridge )NP , (NP Mass. )NP , )NP )NP )PP )NP and (NP (NP a *UNK- agreement )NP (PP with (NP (NP *UNKC Co. )NP , (NP (NP *UNKC )NP , (NP *UNKC )NP )NP )NP )PP )NP )NP )VP )S . )S  STOP
(S (NP The Japanese government )NP (PRN , (S (NP Mr. *UNKC )NP (VP said )VP )S , )PRN (VP has (VP stated (SBAR that (S (NP it )NP (VP wants (S (NP (NP (QP 10 % to 11 % )QP )NP (PP of (NP its gross national product )NP )PP )NP (VP to (VP come (PP from (NP biotechnology products )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S `` (S (NP It )NP (VP is (VP becoming (NP (NP more )NP (PP of (NP (NP a horse race )NP )NP )PP )NP (NP every day )NP (PP between (NP (NP the U.S. )NP and (NP Japan )NP )NP )PP )VP )VP )S , '' (NP he )NP (VP said , (S (VP adding (SBAR that (S (NP some )NP (VP fear (SBAR that (S (PP as (PP with (NP the semiconductor , electronics , and automobile industries )NP )PP )PP , (NP Japanese companies )NP (VP will (VP use (NP *UNKED technology )NP (S (VP to (VP gain (NP trade advantages )NP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP the sale )NP (VP would (VP allow (S (NP Gen-Probe )NP (VP (VP to (VP speed (PRT up )PRT (NP (NP the development )NP (PP of (NP new technology )NP )PP )NP )VP )VP , and (VP to (ADVP more quickly )ADVP (VP apply (NP existing technology )NP (PP to (NP (NP an array )NP (PP of (NP (NP *UNK products )NP (SBAR (S (NP the company )NP (VP wants (S (VP to (VP offer )VP )VP )S )VP )S )SBAR )NP )PP )NP )PP )VP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP By (NP (NP 1988 )NP , (SBAR (WHADVP when )WHADVP (S (NP (NP (QP only 10 )QP genetic *UNKED tests )NP (PP of (NP (NP *UNK *UNK *UNK )NP (PP of (NP humans )NP )PP )NP )PP )NP (VP had (VP been (VP approved (PP for (NP marketing )NP )PP (PP by (NP the Food and Drug Administration )NP )PP )VP )VP )VP )S )SBAR )NP )PP , (NP (NP eight )NP (PP of (NP them )NP )PP )NP (VP had (VP been (VP developed and sold (PP by (NP Gen-Probe )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP deputy president )NP (PP of (NP (NP Chugai )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP (NP (QP about 15 )QP % )NP (PP of (NP its sales )NP )PP )NP (PP on (NP research and development )NP )PP )VP )S )SBAR )NP )PP )NP , )NP (VP was (ADJP unable (S (VP to (VP *UNK (SBAR (WHNP (WHADJP how much )WHADJP money )WHNP (S (NP Chugai )NP (VP would (VP *UNK (PP into (NP Gen-Probe )NP )PP )VP )VP )S )SBAR )VP )VP )S )ADJP )VP . )S  STOP
(S `` (S (NP We )NP (VP think (SBAR (S (NP Gen-Probe )NP (VP has (NP (NP technology )NP (ADJP important (PP to (NP (NP people 's )NP health )NP )PP )ADJP )NP )VP )S )SBAR )VP )S , '' (NP he )NP (VP said , (S (VP adding : `` (S (NP We )NP (VP think (SBAR (S (NP (NP it )NP )NP (VP is (ADJP important )ADJP (SBAR for (S (NP us )NP (VP to (VP have (NP such technology )NP )VP )VP )S )SBAR )VP )S )SBAR )VP )S )VP )S )VP . '' )S  STOP
(S (NP (NP He )NP and (NP Mr. *UNKC )NP )NP (VP *UNKED (SBAR that (S (NP both companies )NP (VP would (VP gain (NP *UNK knowledge )NP (PP through (NP (NP the sale )NP (PP of (NP (NP Gen-Probe )NP , (SBAR (WHNP which )WHNP (S (VP will (VP expand `` (ADVP significantly )ADVP '' (PP as (NP (NP a result )NP (PP of (NP the acquisition )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP 1988 )NP )PP , (NP Chugai )NP (VP had (NP (NP net income )NP (PP of (NP (QP $ 60 million )QP )NP )PP )NP (PP on (NP (NP revenue )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP had (NP (NP a net loss )NP (PP of (NP (QP $ 9.5 million )QP )NP )PP )NP (PP on (NP (NP revenue )NP (PP of (NP $ 5.8 million )NP )PP )NP )PP )VP . )S  STOP
(S (ADVP Recently )ADVP , (NP Gen-Probe )NP (VP received (NP (NP a broad U.S. patent )NP (PP for (NP (NP a technology )NP (SBAR (WHNP that )WHNP (S (VP helps (VP *UNK , identify and *UNK (NP *UNK- *UNK )NP (PP through (NP (NP the *UNKING )NP (PP of (NP (NP a form )NP (PP of (NP (NP genetic material )NP (VP called (S (NP *UNK *UNKC )NP )S )VP )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (PP Among (NP other things )NP )PP , (NP Mr. *UNKC )NP (VP said (SBAR that (S (NP the sale )NP (VP will (VP *UNK (NP (NP (NP Gen-Probe 's )NP marketing )NP (PP of (NP (NP a *UNK test )NP (PP for (NP (NP acquired immune *UNK *UNK )NP , or (NP AIDS )NP )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Chugai )NP (ADVP also )ADVP (VP will (VP help (NP Gen-Probe )NP (PP with (NP (NP its (ADJP regulatory and marketing )ADJP expertise )NP (PP in (NP Asia )NP )PP )NP )PP )VP )VP )S , (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (S (NP (NP The tender offer )NP (PP for (NP (NP Gen-Probe 's )NP shares )NP )PP )NP (VP is (VP expected (S (VP to (VP begin (NP next Monday )NP )VP )VP )S )VP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP It )NP (VP was (VP supposed (S (VP to (VP be (NP a routine *UNK call )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP A *UNK- Soviet space officials )NP , (PP in (NP Tokyo )NP )PP (PP in (NP July )NP )PP (PP for (NP an *UNK )NP )PP , (VP stopped (PRT by )PRT (S (VP to (VP see (NP (NP their counterparts )NP (PP at (NP (NP the National Space Development Agency )NP (PP of (NP Japan )NP )PP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S But (PP after (NP a few *UNK )NP )PP , (NP the Soviets )NP (ADVP unexpectedly )ADVP (VP got (ADJP serious )ADJP )VP . )S  STOP
(S (S (NP The Soviets )NP (VP have (NP a *UNKING space program )NP )VP )S , (NP the *UNK )NP (VP noted )VP . )S  STOP
(SQ *UNKC n't (NP the Japanese )NP (VP like (NP (NP a piece )NP (PP of (NP it )NP )PP )NP )VP ? )SQ  STOP
(S (NP The visitors )NP (ADVP then )ADVP (VP listed (NP (NP technologies )NP (PP up (PP for (NP sale )NP )PP )PP , (PP including (NP (NP launch services )NP and (NP *UNK hardware )NP )NP )PP )NP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP were (ADVP just )ADVP (ADJP surprised )ADJP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP (NP *UNKC 's )NP director )NP (PP for (NP international affairs )NP )PP )NP )NP . )SINV  STOP
(FRAG `` (ADJP *UNKED )ADJP . '' )FRAG  STOP
(S (SBAR That (S (NP Moscow )NP , (PP with (NP its *UNKED economic machine )NP )PP , (VP would (VP try (S (VP to (VP sell (NP high technology )NP (PP to (NP (NP Japan )NP , (NP (NP one )NP (PP of (NP (NP the world 's )NP high-tech leaders )NP )PP )NP , )NP )PP )VP )VP )S )VP )VP )S )SBAR (VP sounds (PP like (NP a *UNK- notion )NP )PP )VP . )S  STOP
(SINV But `` (S (NP the Soviet Union )NP (VP has (NP (NP areas )NP (SBAR (WHADVP where )WHADVP (S (NP it )NP (VP is n't (PP behind (NP Japan )NP )PP )VP )S )SBAR )NP )VP )S , '' (VP says )VP (NP (NP Mikhail *UNKC )NP (PP of (NP (NP the Soviet Ministry )NP (PP of (NP Foreign Economic Relations )NP )PP )NP )PP )NP . )SINV  STOP
(S `` (NP We )NP (VP have (VP obtained (PP through (NP (NP the development )NP (PP of (NP (NP *UNKC )NP (PRN -LCB- (NP the Soviet space program )NP -RCB- )PRN )NP )PP )NP )PP (NP (NP technologies )NP (SBAR (S (NP you )NP (VP do n't (VP see (ADVP anywhere else )ADVP )VP )VP )S )SBAR )NP )VP )VP . '' )S  STOP
(S (NP The sales pitch )NP (VP might n't (VP be (ADJP (ADJP as *UNKED )ADJP (SBAR as (S (NP it )NP (VP seems )VP )S )SBAR )ADJP )VP )VP . )S  STOP
(S (S (NP *UNKC trade relations )NP (VP are (ADJP *UNK )ADJP (NP these days )NP )VP )S , and (S (NP some Japanese )NP (VP favor (S (VP *UNKING (NP (NP their *UNK )NP (PP on (NP U.S. technology )NP )PP )NP )VP )S (PP in (NP (NP light )NP (PP of (NP (NP the *UNKC *UNK- *UNK )NP , (SBAR (WHADVP when )WHADVP (S (NP U.S. officials )NP (VP (VP *UNKED (NP an earlier decision )NP )VP and (VP refused (S (VP to (VP share (NP certain crucial *UNK- technology )NP )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP )PP )VP )S . )S  STOP
(S And , (PP despite (NP (NP its image )NP (PP as (NP a technology *UNK )NP )PP )NP )PP , (NP Japan )NP (VP has (NP (NP a lot )NP (PP of (NP *UNK )NP )PP )NP )VP . )S  STOP
(S (NP It )NP (VP (VP 's (NP (NP a world leader )NP (PP in (NP *UNK )NP )PP )NP )VP , but (PP behind (NP the U.S. )NP )PP (PP in (S (VP making (NP (NP the computers )NP (SBAR (WHNP that )WHNP (S (VP use (NP those chips )NP )VP )S )SBAR )NP )VP )S )PP )VP . )S  STOP
(S (S (NP It )NP (VP 's (NP (NP a world leader )NP (PP in (NP auto manufacturing )NP )PP )NP )VP )S , but (S (S (NP its *UNK industry )NP (VP is (VP struggling )VP )VP )S , and (S (NP its space program )NP (VP is (PP (NP years )NP behind (NP (NP the U.S. )NP , (NP the Europeans )NP and (NP the Soviets )NP )NP )PP )VP )S )S . )S  STOP
(S (NP (NP One question )NP (VP being (VP *UNKED (PP in (NP the Soviet Union )NP )PP )VP )VP )NP (VP is (SBAR (WHADVP how )WHADVP (S (VP to (VP use (NP (NP the defense sector 's )NP *UNK- expertise )NP (PP in (NP (NP the rest )NP (PP of (NP the economy )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Many plants )NP (SBAR (WHNP that )WHNP (S (VP used (S (VP to (VP make (NP military equipment )NP )VP )VP )S )VP )S )SBAR )NP (VP are (ADVP now )ADVP (VP being (VP ordered (S (VP to (VP produce (NP (NP *UNK )NP , (NP *UNK *UNK )NP , (NP small *UNK )NP and (NP *UNKING machinery )NP )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP The Soviets )NP (ADVP also )ADVP (VP hope (S (VP to (VP make (NP (NP better use )NP (PP of (NP (NP their considerable expertise )NP (PP in (NP *UNK science )NP )PP , (SBAR (WHNP which )WHNP (S (VP has (VP helped (S (NP them )NP (VP win (NP (NP (QP twice as many )QP *UNKC science *UNK )NP (PP as (NP the Japanese )NP )PP )NP )VP )S )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (SBAR (WHADVP Where )WHADVP (S (NP they )NP (VP *UNK (PP behind (NP the Japanese )NP )PP )VP )S )SBAR (VP is (PP in (S (VP turning (NP the scientific *UNK )NP (PP into (NP improved production )NP )PP )VP )S )PP )VP . )S  STOP
(S (PP By (NP contrast )NP )PP , (NP the Japanese )NP (VP have (VP proved (ADJP *UNK (PP at (S (VP making (NP (NP use )NP (PP of (NP Soviet *UNK )NP )PP )NP )VP )S )PP )ADJP )VP )VP . )S  STOP
(S (NP *UNKC Steel Ltd. )NP (VP (VP adopted (NP Soviet casting technology )NP (PP in (NP *UNKN )NP )PP )VP and (VP used (NP it )NP (PP for (NP 14 years )NP )PP (SBAR until (S (NP it )NP (VP developed (NP its own system )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP *UNKC Steel Corp. )NP (VP (VP bought (NP a Soviet *UNKING patent )NP (ADVP (NP two years )NP ago )ADVP )VP and (VP has (ADVP jointly )ADVP (VP developed (NP the system )NP (PP with (NP the Soviets )NP )PP )VP )VP )VP . )S  STOP
(S (PP In (NP 1991 )NP )PP , (NP the Soviets )NP (VP will (VP take (NP (NP a Japanese *UNK )NP )NP (PP into (NP space )NP )PP , (NP (NP the first Japanese )NP (S (VP to (VP go (PP into (NP *UNK )NP )PP )VP )VP )S )NP )VP )VP . )S  STOP
(S (NP Soviet efforts (S (VP to (VP sell (NP their technology )NP (ADVP abroad )ADVP )VP )VP )S )NP (VP do n't (VP appear (S (VP to (VP worry (NP (NP the U.S. )NP , (NP (NP Japan 's )NP principal ally )NP )NP )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP have (ADVP never )ADVP (VP opposed (NP (NP the development )NP (PP of (NP (NP economic relations )NP (PP between (NP (NP our allies )NP and (NP the Soviet Union )NP )NP )PP )NP )PP )NP )VP )VP )S , '' (VP says )VP (NP a State Department official )NP . )SINV  STOP
(S `` (ADVP *UNKLY )ADVP , (NP I )NP (VP would n't (VP expect (S (NP the Japanese )NP (VP to (VP get (ADJP *UNKED (PP on (NP (NP (NP anybody 's )NP technology )NP , (ADVP least (PP of (NP all )NP )PP )ADVP (NP the Soviets )NP )NP )PP )ADJP )VP )VP )S )VP )VP . '' )S  STOP
(S (PP Under (NP (NP Mikhail Gorbachev 's )NP perestroika )NP )PP , (NP the Soviets )NP (VP have (VP sought (NP (NP economic ties )NP )NP (PP (ADVP all )ADVP over (NP the world )NP )PP , (PP including (NP new export markets )NP )PP )VP )VP . )S  STOP
(S (S (NP They )NP (VP believe (SBAR (S (NP technology )NP (VP is (NP (NP one )NP (PP of (NP their best *UNK )NP )PP )NP )VP )S )SBAR )VP )S , and (S (NP some Soviet officials )NP (VP say (SBAR (S (NP Moscow )NP (VP will (ADVP even )ADVP (VP consider (S (VP *UNKING (NP military *UNK- )NP )VP )S (SBAR if (S (NP the price )NP (VP is (ADJP right )ADJP )VP )S )SBAR )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP The Soviets )NP (VP held (NP (NP export *UNK )NP (SBAR (WHNP that )WHNP (S (VP included (NP high-tech items )NP )VP )S )SBAR )NP (PP in (NP (NP New York )NP and (NP West Germany )NP )NP )PP )VP . )S  STOP
(S (NP Last week )NP , (NP a Soviet delegation )NP (VP came (PP to (NP Japan )NP )PP (S (VP to (VP push (NP more space technologies )NP )VP )VP )S )VP . )S  STOP
(S (NP Japan )NP (VP is (NP (NP a major target )NP (PP for (NP the Soviets )NP )PP )NP )VP . )S  STOP
(S (PP In (NP August )NP )PP , (NP (NP representatives )NP (PP of (NP (NP *UNKC )NP , (NP (NP Japan 's )NP largest business organization )NP , )NP )PP )NP (VP visited (NP Moscow )NP (S (VP to (VP explore (NP (NP exports and investments )NP (SBAR (WHNP that )WHNP (S (VP would (VP help (NP the Soviet economy )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (PP *UNKC (PP of (NP the blue )NP )PP )PP , (NP (NP the Soviet Chamber )NP (PP of (NP Commerce )NP )PP )NP (VP handed (PRT over )PRT (NP (NP details )NP (PP on (NP (NP 59 technologies )NP (SBAR (WHNP that )WHNP (S (NP the Japanese )NP (VP might (VP want (S (VP to (VP buy )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP These )NP (ADVP mainly )ADVP (VP involved (NP (NP such areas )NP (PP as (NP (NP (NP materials )NP (PRN -- (NP advanced *UNKING machines )NP , (PP for (NP example )NP )PP -- )PRN )NP and (NP (NP medical developments )NP (VP *UNKED (PP from (NP (NP *UNK )NP (PP in (NP space )NP )PP )NP )PP )VP , (PP such as (NP *UNK blood vessels )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (NP A main *UNK )NP (VP is (NP hard cash )NP )VP . )S  STOP
(S But , (SBAR while (S (NP the Soviets )NP (VP ca n't (VP expect (NP (NP direct technology flow )NP (PP from (NP Japan )NP )PP )NP )VP )VP )S )SBAR , (NP they )NP (ADVP also )ADVP (VP hope (S (VP to (VP benefit (PP from (NP Japanese manufacturing expertise )NP )PP )VP )VP )S )VP . )S  STOP
(SINV `` (S (S (NP The Soviet Union )NP (VP has (NP (NP a lot )NP (PP of (NP *UNK- )NP )PP )NP )VP )S , but (S (NP (NP it )NP )NP (VP has (VP been (ADJP difficult )ADJP (S (VP to (VP put (NP that )NP (PP into (NP actual production )NP )PP )VP )VP )S (PP because of (NP (NP various structural problems )NP (PP in (NP the economy )NP )PP )NP )PP )VP )VP )S )S , '' (VP says )VP (NP (NP Mr. *UNKC )NP , (NP the Foreign Ministry official )NP )NP . )SINV  STOP
(S (S (NP The Soviets )NP (VP are `` (VP *UNKING (NP (NP a flexible system )NP (SBAR (WHPP under (WHNP which )WHNP )WHPP (S (NP (NP it )NP )NP (VP would (VP be (ADJP possible )ADJP (S (VP (VP to (VP develop -LCB- (NP technology )NP -RCB- (ADVP jointly )ADVP )VP )VP and (ADVP even )ADVP (VP to (VP market (NP it )NP (ADVP jointly )ADVP )VP )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP , '' )S (NP he )NP (VP says )VP . )S  STOP
(S (SBAR Even if (S (NP the Japanese )NP (VP find (S (NP Soviet technology )NP (ADJP *UNK )ADJP )S )VP )S )SBAR , (NP such discussions )NP (VP would (VP be (ADJP *UNK (PP with (NP political *UNK )NP )PP )ADJP )VP )VP . )S  STOP
(S (S (ADVP Still )ADVP (VP *UNKING (PP from (NP (NP the international *UNK )NP (PP over (NP (NP the sale )NP (ADVP (NP two years )NP ago )ADVP (PP of (NP sensitive military technology )NP )PP (PP to (NP the Soviets )NP )PP (PP by (NP (NP a subsidiary )NP (PP of (NP (NP Japan 's )NP Toshiba Corp. )NP )PP )NP )PP )NP )PP )NP )PP )VP )S , (NP many Japanese )NP (VP are (ADJP eager (S (VP to (VP avoid (S (VP *UNKING (S (VP to (VP help (NP the Soviets )NP (PP in (NP any way )NP )PP )VP )VP )S )VP )S )VP )VP )S )ADJP )VP . )S  STOP
(S (NP Another *UNK )NP (VP concerns (NP (NP Japan 's )NP attempts (S (VP to (VP persuade (NP the Soviet Union )NP (S (VP to (VP *UNK (NP (NP its *UNK- War II control )NP (PP of (NP (NP four *UNK )NP (ADVP north (PP of (NP Japan )NP )PP )ADVP )NP )PP )NP )VP )VP )S )VP )VP )S )NP )VP . )S  STOP
(S (ADVP So far )ADVP , (NP the Soviets )NP (VP have (VP provided (NP (NP only the *UNK information )NP (PP about (NP their technology and business plans )NP )PP )NP )VP )VP . )S  STOP
(S And (SBAR (WHNP what )WHNP (S (NP they )NP (VP have (VP shown )VP )VP )S )SBAR (VP is n't (ADJP impressive )ADJP )VP . )S  STOP
(SINV `` (S (NP My impression )NP (VP is (SBAR that (S (NP there )NP (VP is n't (NP (NP anything )NP (SBAR (WHNP which )WHNP (S (VP *UNK (NP our interest )NP (PP at (NP first *UNK )NP )PP )VP )S )SBAR )NP )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP an official )NP (PP from (NP (NP (NP Japan 's )NP Ministry )NP (PP of (NP International Trade and Industry )NP )PP )NP )PP )NP . )SINV  STOP
(S (NP (NP Peter *UNKC )NP (PP in (NP Moscow )NP )PP )NP (VP contributed (PP to (NP this article )NP )PP )VP . )S  STOP
(S -LRB- (PP During (NP its centennial year )NP )PP , (NP The Wall Street Journal )NP (VP will (VP report (NP (NP events )NP (PP of (NP the past century )NP )PP (SBAR (WHNP that )WHNP (S (VP stand (PP as (NP (NP milestones )NP (PP of (NP American business history )NP )PP )NP )PP )VP )S )SBAR )NP )VP )VP . -RRB- )S  STOP
(S (NP *UNKC 1 , 1975 , )NP (VP *UNKC (NP A *UNKC May Day )NP (PP for (NP (NP securities houses )NP , (SBAR (WHNP which )WHNP (S (VP were (VP forced (S (VP to (VP end (NP (NP *UNKN years )NP (PP of (S (VP charging (NP fixed commissions )NP )VP )S )PP )NP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (S (NP It )NP (VP scared (NP brokers )NP )VP )S , but (S (NP most )NP (VP *UNKED )VP )S . )S  STOP
(S (NP It )NP (VP took (NP effect )NP (PP after (NP (NP seven years )NP (PP of (NP (NP bitter debate )NP (PP between (NP (NP the Securities and Exchange Commission )NP and (NP traders and exchanges )NP )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (PP Despite (NP (NP *UNK )NP (PP from (NP (NP such leaders )NP (PP as (NP former Federal Reserve Board Chairman William *UNKC Martin )NP )PP )NP )PP (SBAR that (S (NP *UNKED commissions )NP (VP would (VP *UNK (NP the industry )NP )VP )VP )S )SBAR )NP )PP , (NP the SEC )NP (PP in (NP September 1973 )NP )PP (VP said (SBAR (S (NP full competition )NP (VP must (VP start (NP May *UNK , 1975 )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The timing )NP (PP for (NP change )NP )PP )NP (VP was (ADJP right )ADJP )VP . )S  STOP
(S (NP *UNKC )NP (VP (VP had (VP become (NP active market players )NP (PP in (NP the early 1970s )NP )PP )VP )VP and (VP sought (NP exchange seats )NP (S (VP to (VP handle (NP their own trades )NP )VP )VP )S )VP )VP . )S  STOP
(S And (NP the industry )NP (VP was (ADJP *UNK (PP with (S (NP brokers )NP (VP trying (S (VP to (VP secure (NP big client orders )NP (PP by (S (VP using (NP *UNK , *UNK , women and *UNK )NP )VP )S )PP )VP )VP )S )VP )S )PP )ADJP )VP . )S  STOP
(S (PP Within (NP (NP three weeks )NP (PP of (NP (NP the 1975 end )NP (PP to (NP fixed rates )NP )PP )NP )PP )NP )PP (NP there )NP (VP were (NP *UNK- price wars )NP (PP among (NP (NP brokers )NP (VP fighting (PP for (NP institutional business )NP )PP )VP )NP )PP , (PP with (NP (NP rate *UNK )NP (PP of (NP (NP (QP 35 % to 60 % )QP )NP (PP below (NP (ADJP *UNK- 1 )ADJP levels )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC Jr. )NP , (NP SEC chairman )NP , )NP (VP said (SBAR (S (NP (NP the `` *UNK and *UNK )NP (PP of (NP the discounting )NP )PP )NP (VP is (ADJP (ADJP more )ADJP (SBAR than (S (NP I )NP (VP expected )VP )S )SBAR )ADJP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP Even a federal measure )NP (PP in (NP June )NP )PP (VP allowing (S (NP houses )NP (VP to (VP add (NP research fees )NP (PP to (NP their commissions )NP )PP )VP )VP )S )VP )NP (VP did n't (VP stop (NP it )NP )VP )VP . )S  STOP
(S (NP *UNKC term )NP , (NP the impact )NP (VP is (ADJP unclear )ADJP )VP . )S  STOP
(S (NP The change )NP (VP prompted (NP (NP (NP the rise )NP (PP of (NP discount brokers )NP )PP )NP and (NP (NP a reduction )NP (PP in (NP securities research firms )NP )PP )NP )NP )VP . )S  STOP
(S But (NP there )NP (VP are (ADVP currently )ADVP (NP (NP more exchange members )NP (PP than (PP in (NP 1975 )NP )PP )PP )NP , (PP with (S (NP the bigger houses )NP (VP *UNKING (NP (NP a larger share )NP (PP of (NP total commissions )NP )PP )NP )VP )S )PP )VP . )S  STOP
(S (NP *UNKC )NP , (ADVP however )ADVP , (VP account (PP for (NP (NP a smaller share )NP (PP of (NP *UNK- business )NP )PP )NP )PP (SBAR as (S (NP takeover advisory fees )NP (VP have (VP soared )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Foreign stock markets )NP , (SBAR (WHPP with (WHNP which )WHNP )WHPP (S (NP the U.S. )NP (VP is (VP *UNKED )VP )VP )S )SBAR , )NP (ADVP also )ADVP (VP have (VP ended (NP fixed commissions )NP (PP in (NP recent years )NP )PP )VP )VP . )S  STOP
(S (NP It )NP (VP came (PP in (NP (NP (NP London 's )NP `` Big *UNKC '' 1986 *UNK )NP ; and (NP (NP (NP Toronto 's )NP `` Little *UNKC '' )NP (NP the same year )NP )NP )NP )PP )VP . )S  STOP
(S (NP Paris )NP (VP is (ADVP currently )ADVP (VP *UNKING (PRT out )PRT (NP fixed commissions )NP (PP under (NP its `` *UNK *UNKC *UNKC '' plan )NP )PP )VP )VP . )S  STOP
(S (NP President Bush )NP (VP said (SBAR that (S (NP (NP three members )NP (PP of (NP his *UNK )NP )PP )NP (VP will (VP lead (NP a presidential mission )NP (PP to (NP Poland )NP )PP (S (VP to (VP gauge (SBAR (WHADVP how )WHADVP (S (NP the U.S. )NP (VP can (VP help (NP (NP the new *UNK- government 's )NP economic changes )NP )VP )VP )S )SBAR )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Bush )NP (VP announced (ADVP (NP several weeks )NP ago )ADVP (SBAR that (S (NP he )NP (VP intended (S (VP to (VP send (NP (NP such a mission )NP , (VP *UNKED (PP of (NP (NP top government aides )NP and (NP business and labor leaders )NP )NP )PP )VP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP The mission )NP (VP will (VP visit (NP Poland )NP (PP (PP from (NP Nov. 29 )NP )PP (PP to (NP Dec. 2 )NP )PP )PP )VP )VP )S , (NP the White House )NP (VP said )VP . )S  STOP
(S (PP In (NP (NP remarks )NP (PP at (NP (NP a White House *UNK )NP (VP *UNKING (NP Polish *UNKC *UNKC )NP )VP )NP )PP )NP )PP , (NP Mr. Bush )NP (VP announced (SBAR that (S (NP (NP Agriculture Secretary *UNKC *UNKC )NP , (NP Commerce Secretary Robert *UNKC )NP and (NP Labor Secretary *UNKC Dole )NP )NP (VP will (VP lead (NP the U.S. group )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Michael *UNKC )NP , (NP (NP chairman )NP (PP of (NP (NP the Council )NP (PP of (NP Economic *UNKC )NP )PP )NP )PP )NP , )NP (ADVP also )ADVP (VP will (VP be (NP a member )NP )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP the White House )NP (VP said (SBAR that (S (NP (NP (NP Charles *UNKC )NP , (NP (NP chairman )NP (PP of (NP *UNKC Inc. )NP )PP )NP , )NP and (NP (NP John *UNKC )NP , (NP (NP chairman )NP (PP of (NP Manufacturers Hanover Corp. )NP )PP )NP , )NP )NP (VP will (VP be (PP among (NP (NP a group )NP (PP of (NP (QP at least 15 )QP business and labor representatives )NP )PP (PP in (NP the presidential mission )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Bush )NP (VP said (SBAR (S (NP the group )NP (VP is (S (VP to `` (VP focus (PP on (NP (NP economic sectors )NP (SBAR (WHADVP where )WHADVP (S (NP U.S. expertise and cooperation )NP (VP can (ADVP indeed )ADVP (VP make (NP a difference )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )S )SBAR )VP . '' )S  STOP
(S (NP Mr. Bush )NP (VP (VP has (VP asked (NP Congress )NP (S (VP to (VP provide (NP (NP (QP more than $ 400 million )QP )NP (PP in (NP (NP economic aid )NP and (NP food grants )NP )NP )PP )NP (PP for (NP (NP Poland 's )NP new government )NP )PP )VP )VP )S )VP )VP , but (VP has (VP been (VP *UNKED (PP by (NP Democrats )NP )PP (PP for (S (VP failing (S (VP to (VP do (NP more )NP )VP )VP )S )VP )S )PP )VP )VP )VP )VP . )S  STOP
(S (NP Warner Communications Inc. )NP (VP is (ADVP close (PP to (NP an agreement (S (VP to (VP back (NP a new recorded music and music publishing company )NP (PP in (NP (NP partnership )NP (PP with (NP (NP Irving Azoff )NP , (SBAR (WHNP who )WHNP (S (VP resigned (PP in (NP September )NP )PP (PP as (NP (NP head )NP (PP of (NP (NP MCA Inc. 's )NP MCA Records unit )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )NP )PP )ADVP )VP . )S  STOP
(S (NP (NP Warner )NP and (NP Mr. Azoff )NP )NP (VP declined (NP comment )NP , (SBAR as (SINV did (NP (NP MCA )NP , (SBAR (WHADVP where )WHADVP (S (NP Mr. Azoff )NP (VP had (ADVP also )ADVP (VP been (VP discussing (NP such a venture )NP )VP )VP )VP )S )SBAR )NP )SINV )SBAR )VP . )S  STOP
(S But (NP (NP record industry executives )NP (ADJP familiar (PP with (NP the talks )NP )PP )ADJP )NP (VP said (SBAR (S (NP (NP Mr. Azoff )NP and (NP Warner )NP )NP (VP came (PP to (NP an agreement )NP )PP (NP yesterday )NP (S (VP to (VP form (NP (NP a *UNKN *UNK- company )NP (VP (VP funded (PP by (NP Warner )NP )PP )VP and (VP run (PP by (NP Mr. Azoff )NP )PP )VP )VP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP Among (NP other things )NP )PP (PRN , (S (NP they )NP (VP said )VP )S , )PRN (NP Mr. Azoff )NP (VP would (VP develop (NP (NP *UNK acts )NP (PP for (NP a new record label )NP )PP )NP )VP )VP . )S  STOP
(S (NP The agreement )NP (VP is (VP said (S (VP to (VP be (ADJP similar (PP to (NP (NP (NP Warner 's )NP *UNKN partnership )NP (PP with (NP (NP record and movie producer David *UNKC )NP , (SBAR (WHNP whose films and records )WHNP (S (VP are (VP distributed (PP by (NP (NP the Warner *UNKC studio )NP and (NP the Warner records unit )NP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )ADJP )VP )VP )S )VP )VP . )S  STOP
(S (S (SBAR Although (S (NP Mr. Azoff )NP (VP wo n't (VP produce (NP films )NP (PP at (ADVP first )ADVP )PP )VP )VP )S )SBAR , (NP (NP it )NP )NP (VP is (ADJP possible )ADJP (SBAR that (S (NP he )NP (VP could (VP do (ADVP so )ADVP (ADVP later )ADVP )VP )VP )S )SBAR )VP )S , (NP the sources )NP (VP said )VP . )S  STOP
(S (S (PP Like (NP (NP Mr. *UNKC 's )NP arrangement )NP )PP , (NP the venture )NP (VP gives (NP Mr. Azoff )NP (NP (NP a link )NP (PP to (NP (NP the world 's )NP (ADJP (ADJP largest )ADJP and (ADJP most successful )ADJP )ADJP record distributor )NP )PP )NP )VP )S ; (S (PP in (NP (NP the U.S. )NP (ADVP alone )ADVP )NP )PP , (NP Warner )NP (VP has (NP (NP (NP a 40 % share )NP (PP of (NP the market )NP )PP )NP , (NP (NP (QP about double )QP its *UNK competitor )NP , (NP (NP Sony Corp. 's )NP CBS Records )NP )NP )NP )VP )S . )S  STOP
(S (PP For (NP Warner )NP )PP , (ADVP meanwhile )ADVP , (NP it )NP (VP gives (NP the company )NP (NP (NP a second young partner )NP (PP with (NP (NP a *UNK )NP (PP on (NP (NP the *UNK )NP (PP of (NP (NP the *UNK trends )NP (PP in (NP the music business )NP )PP )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP The *UNK- Mr. Azoff )NP , (NP a former rock *UNK roll manager )NP , )NP (VP is (VP *UNKED (PP with (S (VP turning (PRT around )PRT (NP (NP MCA 's )NP *UNK- music division )NP (PP in (NP (NP his six years )NP (PP at (NP the company )NP )PP )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S But (NP Mr. Azoff )NP (VP had (VP been (VP negotiating (PP for (NP (QP more than a )QP year )NP )PP (S (VP to (VP get (PP out (PP of (NP (NP his MCA contract )NP , (SBAR (WHNP which )WHNP (S (VP expired (PP in (NP 1991 )NP )PP )VP )S )SBAR )NP )PP )PP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP Mr. Azoff )NP (ADVP reportedly )ADVP (VP (VP was (ADJP *UNKED )ADJP )VP and (VP (ADVP frequently )ADVP *UNKED (PP with (NP top MCA management )NP )PP (PP over (NP (NP a number )NP (PP of (NP (NP issues )NP (PP such as (NP (NP compensation )NP and (NP business plans )NP )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Mr. Azoff )NP (ADVP also )ADVP (VP was (ADJP eager (S (VP to (VP return (PP to (NP (NP a (ADJP more *UNK )ADJP role )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP he )NP (VP had (NP (NP a big financial stake )NP (PP in (NP his own efforts )NP )PP )NP )VP )S )SBAR )NP )PP )VP )VP )S )ADJP )VP . )S  STOP
(S (PP In (NP (NP an interview )NP (PP at (NP (NP the time )NP (PP of (NP (NP his resignation )NP (PP from (NP MCA )NP )PP )NP )PP )NP )PP )NP )PP , (NP he )NP (VP said : `` (S (NP I )NP (VP 'd (VP rather (VP build (NP a company )NP )VP than (VP run (NP one )NP )VP )VP )VP )S )VP . )S  STOP
(NP (NP Part )NP (PP of (NP a Series )NP )PP -RCB- )NP  STOP
(S (NP Tom *UNKC )NP (VP had (NP (NP a (ADJP perfectly good )ADJP reason )NP (PP for (S not (VP using (NP (NP the (ADJP $ 300 )ADJP *UNKING machine )NP (SBAR (S (NP he )NP (VP bought (ADVP (NP three years )NP ago )ADVP )VP )S )SBAR )NP )VP )S )PP )NP )VP . )S  STOP
(S (S `` (NP I )NP (VP (VP *UNK (NP a bad *UNK *UNK )NP )VP , (VP got (NP food *UNKING )NP )VP and (VP had (S (VP to (VP have (NP (NP a shot )NP (PP in (NP my *UNK )NP )PP )NP )VP )VP )S )VP )VP )S , '' (NP he )NP (VP says , (S (VP making (S (NP (NP it )NP )NP (ADJP too painful )ADJP (S (VP to (VP row )VP )VP )S )S )VP )S )VP . )S  STOP
(S (NP The *UNK )NP (PRN , (S (NP he )NP (VP admits )VP )S , )PRN (VP went (ADVP away )ADVP (PP (NP about a week )NP after (NP the shot )NP )PP )VP . )S  STOP
(S Yet (NP the *UNKING machine )NP (VP has n't (VP been (VP *UNKED (ADVP since )ADVP , (SBAR even though (S (NP he )NP (VP has (VP moved (NP it )NP (PP across (NP the country )NP )PP (PP with (NP him )NP )PP (ADVP twice )ADVP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (S (S (NP A San Francisco lawyer )NP )S , (NP Mr. *UNKC )NP (VP *UNKED (ADVP *UNKLY )ADVP (SBAR (WHADVP when )WHADVP (S (NP he )NP (ADVP first )ADVP (VP got (NP the machine )NP )VP )S )SBAR )VP )S , but , (S (NP he )NP (VP complains , (SBAR (S (S (NP it )NP (VP left (NP *UNK marks )NP (PP on (NP his carpet )NP )PP )VP )S , `` and (S (NP it )NP (VP was (ADJP *UNKING )ADJP )VP )S )S )SBAR )VP )S . )S  STOP
(S (NP It )NP (VP 's (NP a *UNK machine )NP , (ADVP actually )ADVP )VP . )S  STOP
(S (NP I )NP (VP 'm (ADJP *UNKED (SBAR (S (NP I )NP (VP own (NP the *UNK thing )NP )VP )S )SBAR )ADJP )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP has (NP (NP plenty )NP (PP of (NP company )NP )PP )NP )VP . )S  STOP
(S (NP (NP (QP Nearly *UNK- )QP )NP (PP of (NP (NP the people )NP (SBAR (WHNP who )WHNP (S (VP own (NP home exercise equipment )NP )VP )S )SBAR )NP )PP )NP (VP do n't (VP use (NP it )NP (ADVP (ADVP as much )ADVP (SBAR as (S (NP they )NP (VP planned )VP )S )SBAR )ADVP , (PP according (PP to (NP (NP The Wall Street Journal 's )NP `` (NX American *UNKC of Buying )NX '' survey )NP )PP )PP )VP )VP . )S  STOP
(S (NP (NP The *UNKC Organization )NP , (SBAR (WHNP which )WHNP (S (VP conducted (NP the survey )NP )VP )S )SBAR , )NP (VP said (SBAR (S (NP (NP (QP almost half )QP )NP (PP of (NP the exercise equipment owners )NP )PP )NP (VP found (S (NP it )NP (ADJP (ADJP *UNK )ADJP (SBAR than (S (NP they )NP (VP expected )VP )S )SBAR )ADJP )S )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP is n't (NP (NP just exercise *UNK )NP (SBAR (WHNP that )WHNP (S (VP is n't (VP getting (NP a good *UNK )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP (NP The *UNK *UNK )NP (NP itself )NP )NP (VP has (VP gone (ADJP soft )ADJP )VP )VP )S , (NP the survey )NP (VP found )VP . )S  STOP
(S (NP *UNKC people )NP (VP said (SBAR (S (NP they )NP (VP were (VP working (PRT up )PRT (NP a *UNK )NP (PP with (NP (NP such activities )NP (PP as (NP *UNKING , *UNK , *UNKING and *UNK )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP (NP those )NP (VP surveyed )VP )NP )PP )NP (VP said (SBAR (S (NP they )NP (ADVP simply )ADVP (VP walk (NP these days )NP (PP for (NP exercise )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP 's (NP good news )NP (PP for (NP (NP marketers )NP (PP of (NP *UNKING shoes )NP )PP )NP )PP )VP . )S  STOP
(S (NP The survey )NP (ADVP also )ADVP (VP *UNKED (NP (NP (NP (ADJP (NP a bit )NP more )ADJP interest )NP (PP in (NP golf )NP )PP )NP , (NP (NP a positive sign )NP (PP for (NP (NP country *UNK )NP and (NP golf club makers )NP )NP )PP )NP )NP )VP . )S  STOP
(S (S (NP (NP The survey 's )NP findings )NP (ADVP certainly )ADVP (VP are n't (ADJP encouraging )ADJP (PP for (NP (NP marketers )NP (PP of (NP (NP *UNK- *UNK )NP , (NP *UNK *UNK )NP and (NP home exercise equipment )NP )NP )PP )NP )PP )VP )S , but (S (NP (NP (NP people 's )NP good *UNK )NP , (CONJP if not )CONJP (NP their actions )NP , )NP (VP are (VP keeping (S (NP (NP sales )NP (PP of (NP some *UNK products )NP )PP )NP (ADJP healthy )ADJP )S )VP )VP )S . )S  STOP
(S (PP For (NP instance )NP )PP , (NP (NP sales )NP (PP of (NP (NP *UNK )NP , (NP exercise bikes )NP , (NP *UNK *UNK )NP and (NP the like )NP )NP )PP )NP (VP are (VP expected (S (VP to (VP rise (NP 8 % )NP (PP to (NP (QP about $ *UNKN billion )QP )NP )PP (NP this year )NP )VP )VP )S , (PP according (PP to (NP (NP the National *UNKING *UNKC Association )NP , (SBAR (WHNP which )WHNP (S (VP sees (NP the home market )NP (PP as (NP (NP one )NP (PP of (NP (NP the *UNK growth areas )NP (PP for (NP the 1990s )NP )PP )NP )PP )NP )PP )VP )S )SBAR )NP )PP )PP )VP )VP . )S  STOP
(S But (NP even that group )NP (VP knows (SBAR (S (NP some people )NP (VP do n't (VP use (NP their machines )NP (ADVP (ADVP as much )ADVP (SBAR as (S (NP they )NP (VP should )VP )S )SBAR )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP The first excuse )NP (VP is (SBAR (S (NP they )NP (VP do n't (VP have (NP enough time )NP )VP )VP )S )SBAR )VP )S , '' (VP says )VP (NP research director Thomas *UNKC )NP . )SINV  STOP
(S `` (NP The second )NP (VP is (SBAR (S (NP they )NP (VP do n't (VP have (NP enough discipline )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (SBAR With (S (NP (QP more than 15 million )QP exercise bikes )NP (VP sold (PP in (NP the past five years )NP )PP )VP )S )SBAR (PRN , (S (NP he )NP (VP adds )VP )S , )PRN `` (NP (NP a lot )NP (PP of (NP *UNK , *UNK and *UNK )NP )PP )NP (VP must (VP be (VP *UNKED (PP with (NP them )NP )PP )VP )VP )VP . '' )S  STOP
(S (ADVP Still )ADVP , (NP (NP the average price )NP (PP of (NP such bikes )NP )PP )NP (VP rose (NP last year )NP (PP to (NP $ 145 )NP )PP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP predicts (NP (NP a trend )NP (PP toward (NP (NP fewer pieces )NP (PP of (NP home exercise equipment )NP )PP (VP being (VP sold (PP at (NP higher prices )NP )PP )VP )VP )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC *UNK )NP (VP are (ADJP key )ADJP )VP . )S  STOP
(S (NP *UNKC International Inc. )NP , (PP for (NP example )NP )PP , (VP *UNK (NP (NP the *UNKC *UNKC *UNKING *UNKC )NP , (NP a (ADJP $ 2,000 )ADJP *UNK cycle )NP )NP )VP . )S  STOP
(S (PP On (NP a video screen )NP )PP , (NP *UNK )NP (VP can (VP (VP see (NP (NP 30 different `` *UNK )NP , '' (PP including (NP (UCP urban , mountain and desert )UCP *UNK )NP )PP )NP )VP , and (VP check (SBAR (WHNP (WHADJP how many )WHADJP *UNK )WHNP (S (VP are (VP *UNKED (NP a minute )NP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP works (PP in (NP corporate payments )NP )PP (PP at (NP (NP Bank )NP (PP of (NP America )NP )PP (PP in (NP San Francisco )NP )PP )NP )PP )VP )S )SBAR , )NP (VP may (VP be (NP (NP a good prospect )NP (PP for (NP such a *UNK )NP )PP )NP )VP )VP . )S  STOP
(S (NP She )NP (VP 's (VP trying (S (VP to (VP sell (NP (NP a (ADJP $ 150 )ADJP exercise bike )NP (SBAR (S (NP she )NP (VP bought (ADVP (NP (QP about five )QP years )NP ago )ADVP (PP for (NP her *UNK )NP )PP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (S But (SBAR rather than (S (VP write (PRT off )PRT (NP home *UNK equipment )NP )VP )S )SBAR , (NP she )NP (VP traded (PRT up )PRT )VP )S : (S (NP Ms. *UNKC )NP (VP (ADVP just )ADVP paid (NP (QP about $ 900 )QP )NP (PP for (NP (NP a *UNK *UNK bike )NP , (PP with (NP (NP a *UNK )NP , (NP (NP *UNK )NP (VP showing (NP average and maximum *UNK )NP )VP )NP and (NP (NP a comfortable seat )NP (SBAR (WHNP that )WHNP (S (VP feels (ADVP almost )ADVP (PP like (NP a *UNK )NP )PP )VP )S )SBAR )NP )NP )PP )NP )PP )VP )S . )S  STOP
(S `` (S (NP I )NP (VP 'm (VP using (NP it )NP (NP a lot )NP )VP )VP )S , '' (NP she )NP (VP says )VP . )S  STOP
(S `` (NP I )NP (VP spent (NP (NP (ADJP so much )ADJP money )NP (SBAR that (S (SBAR if (S (S (NP I )NP (VP look (PP at (NP it )NP )PP )VP )S , and (S (NP I )NP (VP 'm not (PP on (NP it )NP )PP )VP )S )S )SBAR , (NP I )NP (VP feel (ADJP guilty )ADJP )VP )S )SBAR )NP )VP . '' )S  STOP
(S (NP The poll )NP (VP points (PRT up )PRT (NP (NP some *UNK )NP (PP between (SBAR (SBAR (WHNP what )WHNP (S (NP people )NP (VP say )VP )S )SBAR and (SBAR (WHNP what )WHNP (S (NP they )NP (VP do )VP )S )SBAR )SBAR )PP )NP )VP . )S  STOP
(S (NP (NP A surprising 78 % )NP (PP of (NP people )NP )PP )NP (VP said (SBAR (S (NP they )NP (VP exercise (ADVP regularly )ADVP )VP )S )SBAR , (ADVP up (PP from (NP 73 % )NP (PP in (NP 1981 )NP )PP )PP )ADVP )VP . )S  STOP
(S (NP This )NP (VP (VP *UNK (PRT up )PRT (NP (NP images )NP (PP of (NP (NP a nation )NP (ADJP full (PP of (NP trim , *UNK *UNK )NP )PP )ADJP )NP )PP )NP )VP , and (VP suggests (SBAR (S (NP *UNK *UNK )NP (VP are (PP out (PP of (NP season )NP )PP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP Of (NP course )NP )PP , (NP that )NP (VP is n't (ADVP really )ADVP (NP the case )NP )VP . )S  STOP
(S (NP The *UNK )NP (VP may (VP be (SBAR because (S (S (VP asking (NP people )NP (PP about (NP their *UNK regime )NP )PP )VP )S (VP is (PP (NP a bit )NP like (S (VP *UNKING (PP about (NP their love life )NP )PP )VP )S )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP They )NP (VP 're (ADJP *UNK (S (VP to (VP *UNK )VP )VP )S )ADJP )VP . )S  STOP
(SINV `` (S (S (NP People )NP (VP say (SBAR (S (NP they )NP (VP *UNK )VP )S )SBAR )VP )S , and (S (NP that )NP (VP may (VP mean (SBAR (S (NP they )NP (VP 've (VP been (PP to (NP the *UNK )NP )PP (NP this year )NP )VP )VP )S )SBAR )VP )VP )S )S , '' (VP says )VP (NP (NP *UNKC Spain )NP , (NP (NP research specialist )NP (PP for (NP (NP (NP the President 's )NP Council )NP (PP on (NP *UNKC *UNKC and Sports )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP (NP It )NP )NP (VP 's (ADJP hard )ADJP (S (VP to (VP know (SBAR if (S (NP people )NP (VP are (VP responding (ADVP *UNKLY )ADVP )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP People )NP (VP are (ADJP too *UNKED (S (VP to (VP say (SBAR (S (NP they )NP (VP have n't (VP done (NP anything )NP )VP )VP )S )SBAR )VP )VP )S )ADJP )VP . '' )S  STOP
(S (SBAR While (S (NP she )NP (VP *UNK (NP the fact (SBAR that (S (NP more Americans )NP (VP are (VP getting (PRT up )PRT (PP from (NP the television )NP )PP (S (VP to (VP *UNK or garden )VP )VP )S )VP )VP )S )SBAR )NP )VP )S )SBAR , (NP she )NP (VP says (SBAR (S (NP (NP the percentage )NP (PP of (NP Americans )NP )PP (SBAR (WHNP who )WHNP (S (VP do `` (NP (NP real exercise )NP (SBAR (S (VP to (VP build (NP the heart )NP )VP )VP )S )SBAR )NP '' )VP )S )SBAR )NP (VP is (NP (QP only 10 % to 20 % )QP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP (ADJP So many )ADJP people )NP )NP (VP *UNK (PP on (NP (NP answers )NP (PP about (NP exercise )NP )PP )NP )PP , (SBAR (S (NP (NP the president 's )NP council )NP (ADVP now )ADVP (VP uses (NP specific criteria )NP (S (VP to (VP determine (SBAR (WHNP what )WHNP (S (VP is (VP considered (S (ADJP *UNK )ADJP )S )VP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP )S : (S (NP It )NP (VP (VP must (VP produce (NP (NP *UNK )NP (PP of (NP large *UNK groups )NP )PP )NP )VP )VP , (VP must (VP achieve (NP (NP 60 % )NP (PP of (NP maximum *UNK capacity )NP )PP )NP )VP )VP and (VP must (VP be (VP done (NP (NP (QP three or more )QP times )NP (NP a week )NP )NP (PP for (NP (NP a minimum )NP (PP of (NP 20 minutes )NP )PP )NP )PP )VP )VP )VP )VP )S . )S  STOP
(S (NP (NP One )NP (PP of (NP (NP (NP the council 's )NP goals )NP , (VP set (PP in (NP 1980 )NP )PP )VP , )NP )PP )NP (VP was (S (VP to (VP see (S (NP (NP (QP more than 60 % )QP )NP (PP of (NP (NP adults )NP (PP under (NP (NP 65 years )NP (PP of (NP age )NP )PP )NP )PP )NP )PP )NP (VP getting (NP vigorous exercise )NP (PP by (NP 1990 )NP )PP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP That target )NP (VP has (VP been (VP revised (PP to (NP (NP 30 % )NP (PP by (NP the year 2000 )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S But (NP even that goal )NP (VP may (VP prove (ADJP optimistic )ADJP )VP )VP . )S  STOP
(S (PP Of (NP 14 activities )NP )PP , (NP the Journal survey )NP (VP found (SBAR that (S (NP (NP 12 )NP (PRN -- (PP including (NP *UNKING , *UNKING and *UNKING )NP )PP -- )PRN )NP (VP are (VP being (VP done (PP by (NP (NP fewer Americans )NP )NP )PP (NP today )NP (PP than (ADVP (NP eight years )NP ago )ADVP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Time pressures )NP and (NP (NP the *UNK )NP (PP of (NP the fitness *UNK )NP )PP )NP )NP (VP are (VP cited (PP as (NP (NP reasons )NP (PP for (NP the decline )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Only walking and golf )NP (VP increased (PP in (NP popularity )NP )PP (PP during (NP the 1980s )NP )PP (PRN -- and (ADVP only slightly )ADVP )PRN )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP a California lawyer )NP , )NP (VP gave (PRT up )PRT (S (VP running (NP (NP three times )NP (NP a week )NP )NP )VP )S (S (VP to (VP play (NP (NP a weekly round )NP (PP of (NP golf )NP )PP )NP )VP )VP )S , (S (VP finding (S (NP it )NP (ADJP more social and *UNK )ADJP )S )VP )S )VP . )S  STOP
(S (S (NP It )NP (VP 's (NP (NP an activity )NP (SBAR (S (NP she )NP (VP feels (SBAR (S (NP she )NP (VP can (VP do (PP for (NP life )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )NP )VP )S , and (S (PP by (S (VP pulling (NP a golf *UNK )NP )VP )S )PP , (NP she )NP (ADVP still )ADVP (VP gets (NP a good *UNK )NP )VP )S . )S  STOP
(S `` (S (NP I )NP (VP 'm (ADJP really *UNKED (PRT out )PRT )ADJP (PP after (S (VP walking (NP five hours )NP )VP )S )PP )VP )S , '' (NP she )NP (VP says )VP . )S  STOP
(S (NP Most people )NP (VP said (SBAR (S (NP they )NP (VP exercise (PP both for (NP health and *UNK )NP )PP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (SBAR If (S (NP you )NP (VP sit (PRT down )PRT (NP all the time )NP )VP )S )SBAR , (NP you )NP (VP 'll (VP go (ADJP *UNK )ADJP )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a (NAC *UNKC , *UNKC , )NAC *UNK )NP (SBAR (WHNP who )WHNP (S (VP *UNK (NP (NP several miles )NP (NP a week )NP )NP )VP )S )SBAR )NP )NP . )SINV  STOP
(S `` And (NP it )NP (VP 's (ADJP *UNKING )ADJP )VP . )S  STOP
(S (ADVP Sometimes )ADVP , (SBAR if (S (NP you )NP (VP have (NP a *UNK )NP )VP )S )SBAR , (NP you )NP (VP can (VP (VP go (ADVP out )ADVP )VP and (VP walk (NP it )NP (ADVP right off )ADVP )VP )VP )VP . '' )S  STOP
(S (NP (NP (QP Only about a quarter )QP )NP (PP of (NP the respondents )NP )PP )NP (VP said (SBAR (S (NP they )NP (VP exercise (S (VP to (VP lose (NP weight )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKLY more )NP , (PP like (NP (NP *UNKC *UNKC )NP , (NP (NP a law *UNK )NP (PP in (NP San Francisco )NP )PP (SBAR (WHNP who )WHNP (S (VP *UNK (NP dance *UNK )NP (NP (NP five times )NP (NP a week )NP )NP )VP )S )SBAR )NP )NP )PP , (VP exercise (S (VP to (VP *UNK (NP stress )NP )VP )VP )S )VP . )S  STOP
(S `` (S (VP Working (PP with (NP lawyers )NP )PP )VP )S , '' (PRN (S (NP she )NP (VP says )VP )S )PRN , `` (NP I )NP (VP need (NP it )NP )VP . '' )S  STOP
(S But (NP (NP (QP fully 90 )QP % )NP (PP of (NP (NP those )NP (VP *UNKED )VP )NP )PP )NP (VP felt (SBAR (S (NP they )NP (VP did n't (VP need (S (VP to (VP *UNK (PP to (NP a health club )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (S (NP They )NP (VP 're (ADJP too crowded )ADJP )VP )S , and (S (NP everybody )NP (VP 's (VP showing (PRT off )PRT )VP )VP )S )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a *UNK- student )NP (PP from (NP (NP *UNKC )NP , (NP Calif )NP )NP )PP )NP )NP . )SINV  STOP
(S `` (S (NP The guys )NP (VP are (VP being (ADJP *UNK )ADJP )VP )VP )S , and (S (NP the *UNK )NP (VP are (VP walking (ADVP around )ADVP (PP in (NP little things )NP )PP )VP )VP )S . )S  STOP
(S (NP They )NP (VP 're not (ADVP there )ADVP (S (VP to (VP work (PRT out )PRT )VP )VP )S )VP . '' )S  STOP
(S But (ADVP at least )ADVP (NP they )NP (VP show (PRT up )PRT )VP . )S  STOP
(S (NP (NP (QP Nearly half )QP )NP (PP of (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP joined (NP health *UNK )NP )VP )S )SBAR )NP )PP )NP (VP said (SBAR (S (NP they )NP (VP did n't (VP use (NP their membership )NP (ADVP (ADVP as often )ADVP (SBAR as (S (NP they )NP (VP planned )VP )S )SBAR )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (VP *UNKING (SBAR (S (NP they )NP (VP should (VP *UNK (NP more time )NP (PP to (NP (NP their families )NP or (NP their jobs )NP )NP )PP )VP )VP )S )SBAR )VP )S , (NP many *UNK )NP (VP are (VP *UNKING (NP their *UNKED *UNK )NP )VP )VP . )S  STOP
(S (ADVP Even so )ADVP , (NP (NP (NP the Association )NP (PP of (NP *UNKC *UNKC )NP )PP )NP , (NP (NP a *UNK- trade group )NP (PP in (NP Boston )NP )PP )NP , )NP (VP says (SBAR (S (NP membership revenues )NP (VP will (VP rise (NP (QP about 5 )QP % )NP (NP this year )NP (PP from (NP (NP last year 's )NP (QP $ 5 billion )QP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP A spokeswoman )NP (VP adds , (ADVP however )ADVP , (SBAR that (S (NP the group )NP (VP is (VP considering (S (VP offering `` (NP (NP a *UNK- course )NP , (ADJP similar (PP to (NP a *UNK- program )NP )PP )ADJP , (SBAR (S (VP to (VP *UNK (NP people )NP (NP (NP ways )NP (SBAR (S (VP to (VP stay (PP with (NP it )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP )S )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP There )NP (VP are (NP *UNK- *UNK )NP , (PP of (NP course )NP )PP )VP . )S  STOP
(S (NP (NP The *UNK )NP (PP of (NP (NP *UNKC West )NP , (NP (NP an *UNK studio )NP (PP in (NP (NP San Francisco 's )NP Marina district )NP )PP , (SBAR (WHNP which )WHNP (S (VP was (VP hit (ADVP hard )ADVP (PP by (NP the earthquake )NP )PP )VP )VP )S )SBAR , )NP )NP )PP )NP (VP says , `` (S (NP People )NP (VP were (VP going (NP *UNK )NP (NP (NP the minute )NP (SBAR (S (NP we )NP (VP opened )VP )S )SBAR , '' (PP (NP three days )NP after (NP the quake )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S `` (NP The emotional aspect )NP (VP is (ADJP (ADJP so *UNKING )ADJP , (SBAR (S (NP they )NP (VP needed (NP a good *UNK )NP )VP )S )SBAR )ADJP )VP . '' )S  STOP
(S (NP Perhaps the (ADJP most *UNKING )ADJP finding )NP (VP is (SBAR that (S (NP the *UNKING *UNK )NP (VP may (VP be (NP an *UNKED American institution )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The survey )NP (VP reported (SBAR (S (NP (NP the number )NP (PP of (NP (NP people )NP (SBAR (WHNP who )WHNP (S (VP said (SBAR (S (NP they )NP (VP *UNK (ADVP regularly )ADVP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP (VP has (VP fallen (PP to (NP (QP just 8 )QP % )NP )PP (PP from (NP 17 % )NP (PP in (NP 1981 )NP )PP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The American *UNKING Congress )NP (VP (VP claims (SBAR (S (NP (NP a higher percentage )NP (PP of (NP the public )NP )PP )NP (VP *UNK (ADVP regularly )ADVP )VP )S )SBAR )VP , but (VP concedes (SBAR (S (NP its membership )NP (VP has (VP declined (NP this decade )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (VP To (VP find (PRT out )PRT (FRAG (WHADVP why )WHADVP )FRAG )VP )VP )S , (NP the group )NP (ADVP recently )ADVP (VP *UNKED (NP (NP a study )NP (PP of (NP (NP the past 20 years )NP (PP of (NP *UNKED research )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Three reasons )NP )NP (VP were (VP *UNKED : (NP (NP (NP a preference )NP (PP for (S (VP (VP watching (NP (NP *UNKING )NP and (NP other sports )NP )NP (PP on (NP television )NP )PP )VP (CONJP rather than )CONJP (VP (ADVP actually )ADVP *UNKING )VP )VP )S )PP )NP , (NP *UNK *UNKING centers )NP , and (NP (NP *UNK )NP (PP with (NP (NP bowling )NP (NP itself )NP )NP )PP )NP )NP )VP )VP . )S  STOP
(S (S (NP (NP People )NP (SBAR (WHNP who )WHNP (S (VP start (S (VP bowling )VP )S (S (VP expecting (S (NP it )NP (VP to (VP be (NP a *UNK exercise )NP )VP )VP )S )VP )S )VP )S )SBAR )NP `` (VP have (VP been (ADVP generally )ADVP (ADJP disappointed )ADJP )VP )VP , '' )S (NP the report )NP (VP said )VP . )S  STOP
(FRAG But not (NP (NP Richard *UNKC )NP , (NP (NP a San Francisco *UNK *UNK )NP (SBAR (WHNP who )WHNP (S (VP *UNK (PP in (NP two weekly *UNK )NP )PP )VP )S )SBAR )NP )NP . )FRAG  STOP
(S (NP He )NP (VP hit (NP the *UNK )NP (ADVP (NP three years )NP ago )ADVP (PP on (NP (NP the advice )NP (PP of (NP his doctor )NP )PP )NP )PP )VP . )S  STOP
(S `` (S (NP It )NP (VP 's (NP good exercise )NP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (S (NP I )NP (VP ca n't (VP do (NP anything )NP (ADVP *UNK- )ADVP )VP )VP )S , but (S (NP I )NP (VP like (VP meeting (NP the *UNK )NP )VP )VP )S . '' )S  STOP
(S (NP He )NP (VP says (SBAR (S (NP bowling )NP (VP helps (S (NP him )NP (VP shed (NP pounds )NP )VP )S , (SBAR though (S (NP that effort )NP (VP is (ADVP sometimes )ADVP (VP *UNKED (PP by (NP the fact (SBAR that `` (S (SBAR (WHADVP when )WHADVP (S (NP I )NP (VP 'm (VP drinking )VP )VP )S )SBAR , (NP I )NP (VP *UNK (ADVP better )ADVP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP His Tuesday night team )NP , (NP the *UNKC )NP , )NP (VP is (PP in (NP first place )NP )PP )VP . )S  STOP
(S (NP (NP WPP *UNKC 'S )NP Ogilvy & Mather )NP (VP expects (S (NP profit margins )NP (VP to (VP improve (PP to (NP *UNKN % )NP )PP (PP in (NP 1990 )NP )PP (PP in (NP the U.S. )NP )PP )VP )VP )S )VP )S  STOP
(S (NP (NP Yesterday 's )NP edition )NP (VP did n't (VP specify (SBAR (WHADVP where )WHADVP (S (NP the improvement )NP (VP would (VP take (NP place )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP *UNKING (NP (NP your Sept. 29 article )NP `` (S (NP *UNKC )NP (VP *UNKC (NP (NP *UNKC )NP , (NP *UNKC *UNKC )NP )NP )VP )S '' )NP )PP : (NP (NP The outcome )NP (PP of (NP our leveraged *UNK )NP )PP )NP (VP is (VP looking (ADJP very positive )ADJP )VP )VP . )S  STOP
(S (PP Unlike (NP (NP most )NP (PP of (NP (NP the other retailers )NP (VP mentioned (PP in (NP the story )NP )PP )VP )NP )PP )NP )PP , (NP *UNKC A. Bank *UNKC Inc. )NP (VP is not (PP in (NP serious financial problems )NP )PP )VP . )S  STOP
(S (NP We )NP (VP (VP did (VP experience (NP (NP some difficulties )NP (PP with (NP the initial LBO terms )NP )PP )NP )VP )VP and (PRN , (SBAR as (S (NP your article )NP (VP made (S (ADJP clear )ADJP )S )VP )S )SBAR , )PRN (VP (VP (ADVP successfully )ADVP restructured (NP our debt )NP (NP earlier this year )NP )VP , (NP (NP something )NP (SBAR (S (NP those other retailers )NP (VP have (ADVP yet )ADVP (S (VP to (VP *UNK )VP )VP )S )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP Your )NP (VP (VP were (PP on (NP target )NP )PP (PP regarding (NP industry problems )NP )PP )VP , but (VP (ADVP wide (PP of (NP the mark )NP )PP )ADVP (PP in (S (VP *UNKING (NP (NP the financial health )NP (PP of (NP this company )NP )PP )NP )VP )S )PP )VP )VP . )S  STOP
(NP (NP Chairman and *UNKC )NP (NP (NP *UNKC A. Bank *UNKC Inc. )NP (NP (NP *UNKC Mills )NP , (NP *UNK . )NP )NP )NP )NP  STOP
(S (S (NP (NP Private housing starts )NP (PP in (NP Japan )NP )PP )NP (VP were (ADJP unchanged )ADJP (PP in (NP September )NP )PP (PP from (ADVP (NP a year )NP earlier )ADVP )PP (PP at (NP *UNKN units )NP )PP )VP )S , (NP the Construction Ministry )NP (VP said )VP . )S  STOP
(S (NP The flat report )NP (VP followed (NP (NP a *UNK- string )NP (PP of (NP declines )NP )PP )NP )VP . )S  STOP
(S (NP The down trend )NP (VP was (ADVP partly )ADVP (NP (NP the result )NP (PP of (NP (NP *UNK credit )NP (VP sparked (PP by (NP (NP a discount rate increase )NP (PP by (NP (NP the Bank )NP (PP of (NP Japan )NP )PP )NP )PP (PP in (NP May )NP )PP )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(S (NP The central bank )NP (ADVP also )ADVP (ADVP unexpectedly )ADVP (VP raised (NP the base rate )NP (PP by (NP half a percentage point )NP )PP (PP to (NP *UNKN % )NP )PP (NP Oct. 11 )NP (PP as (NP (NP part )NP (PP of (NP (NP an *UNKING move )NP (SBAR (WHNP that )WHNP (S (VP (ADVP *UNKLY )ADVP increases (NP (NP interest rates )NP (VP charged (PP on (NP new home construction loans )NP )PP )VP )NP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(SBAR If (S (NP there )NP (VP 's (NP (NP *UNK )NP (ADJP strange )ADJP )NP (PP in (NP your neighborhood )NP )PP )VP )S ... )SBAR  STOP
(SBAR If (S (S (NP there )NP (VP 's (NP (NP something ' )NP *UNK )NP )VP )S and (S (NP it )NP (VP do n't (VP look (ADJP good )ADJP )VP )VP )S )S . )SBAR  STOP
(SBARQ (WHNP Who )WHNP (SQ (NP *UNK )NP (VP *UNK (S (VP *UNK (VP call )VP )VP )S )VP )SQ ? )SBARQ  STOP
(S (PP For (NP *UNK )NP )PP , (NP some people )NP (VP call (NP *UNK and *UNKC Warren )NP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP it )NP (VP comes (PP to (S (VP *UNKING (NP *UNK )NP )VP )S )PP )VP )S )SBAR , (NP the (NAC *UNKC , Conn. , )NAC couple )NP (VP are (NP perfect *UNK )NP )VP . )S  STOP
(S (NP They )NP (VP claim (S (VP to (VP have (VP *UNKED (NP (NP spirits )NP , (NP *UNK )NP and (NP other *UNK )NP )NP (PP in (NP (NP hundreds )NP (PP of (NP (NP houses )NP (PP around (NP the country )NP )PP )NP )PP )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP They )NP (VP say (SBAR (S (NP they )NP (ADVP now )ADVP (VP get (NP (NP (QP three or four )QP `` legitimate '' calls )NP (NP a week )NP (PP from (NP (NP people )NP (VP *UNKED (PP by (NP *UNK )NP )PP )VP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP I )NP (ADVP *UNKLY )ADVP (VP believe (PP in (NP *UNK , *UNK and *UNK )NP )PP )VP )S , '' (VP says )VP (NP (NP Mr. Warren )NP , (SBAR (WHNP whose business card )WHNP (S (VP *UNK (NP him )NP (PP as (NP a `` *UNK )NP )PP )VP )S )SBAR )NP . '' )SINV  STOP
(S (SBAR If (S (S (NP *UNK )NP (VP do n't (VP work )VP )VP )S , but (S (NP your house )NP (ADVP still )ADVP (VP seems (ADJP *UNKED )ADJP )VP )S )S )SBAR , (NP you )NP (VP can (VP call (NP (NP any one )NP (PP of (NP (NP a *UNKING band )NP (PP of (NP (NP *UNK )NP (PP such as (NP Richard *UNKC )NP )PP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP A professional *UNK and *UNK )NP )S , (NP he )NP (VP heads (NP (NP the Pittsburgh branch )NP (PP of (NP (NP the Committee )NP (PP for (NP (NP the *UNKC Investigation )NP (PP of (NP the *UNKC )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP says (SBAR (S (S (NP there )NP (VP is (NP (NP a scientific explanation )NP (PP for (NP all *UNK )NP )PP )NP )VP )S , and (S (NP he )NP (VP can (ADVP even )ADVP (VP tell (NP you )NP (SBAR (WHADVP how )WHADVP (S (VP to (VP encourage (NP the spirits )NP )VP )VP )S )SBAR )VP )VP )S )S )SBAR )VP . )S  STOP
(S `` (S (NP (NP All )NP (SBAR (S (NP you )NP (VP have (S (VP to (VP do )VP )VP )S )VP )S )SBAR )NP (VP is (VP (VP eat (NP a big *UNK )NP )VP , and (ADVP then )ADVP (VP go (PP to (NP *UNKED )NP )PP )VP )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (NP You )NP (VP 'll (VP have (NP *UNK *UNK )NP , (ADVP too )ADVP )VP )VP . '' )S  STOP
(S (NP *UNKC way )NP , (NP the *UNKING business )NP (VP is (VP going (PP like (NP *UNK )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP *UNK and *UNK )NP )PP )NP (VP are (VP *UNKING (PP beyond (NP (NP the nation 's )NP *UNKC *UNKC and *UNKC )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP I )NP (VP get (NP (NP calls )NP )NP (NP nearly every day )NP (PP from (NP (NP people )NP (SBAR (WHNP who )WHNP (S (VP have (NP *UNK )NP (PP in (NP their house )NP )PP )VP )S )SBAR )NP )PP )VP )S , '' (VP says )VP (NP (NP Raymond *UNKC )NP , (NP (NP a skeptical psychology professor )NP (PP at (NP (NP the University )NP (PP of (NP Oregon )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (PP In (NP (NP a public opinion poll )NP (VP published (PP in (NP (NP the October issue )NP (PP of (NP *UNKC Magazine )NP )PP )NP )PP )VP )NP )PP , (NP (NP a third )NP (PP of (NP (NP those )NP (VP *UNKED )VP )NP )PP )NP (VP said (SBAR (S (NP they )NP (VP believe (SBAR that (S (NP ghosts or spirits )NP (VP make (S (NP themselves )NP (ADJP known (PP to (NP people )NP )PP )ADJP )S )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (FRAG (NP (NP The movies )NP , (NP the books )NP , (NP the *UNK )NP )NP )FRAG -- (S (NP even *UNKC Reagan )NP (VP is (VP boosting (NP this stuff )NP )VP )VP )S )S , '' (VP says )VP (NP (NP Paul *UNKC )NP , (NP (NP a philosophy professor )NP (PP at (NP (NP the State University )NP (PP of (NP New York )NP )PP (PP at (NP *UNKC )NP )PP )NP )PP , (SBAR (WHNP who )WHNP (S (VP heads (NP (NP the Committee )NP (PP for (NP (NP the *UNKC Investigation )NP (PP of (NP the *UNKC )NP )PP )NP )PP )NP )VP )S )SBAR )NP )NP . )SINV  STOP
(S (NP (NP The committee )NP , (VP formed (PP in (NP *UNKN )NP )PP )VP , )NP (ADVP now )ADVP (VP has (NP 60 *UNK )NP (PP around (NP the world )NP )PP )VP . )S  STOP
(S (NP The spirits )NP , (PP of (NP course )NP )PP , (VP could (VP (ADVP hardly )ADVP care (ADVP less )ADVP (SBAR whether (S (NP people )NP (VP (VP do )VP or (VP do n't )VP (VP believe (PP in (NP them )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP They )NP (VP do n't (ADVP even )ADVP (VP give (NP a *UNK )NP (PP to (NP human *UNK )NP )PP (PP by (S (VP *UNKING (NP *UNKC )NP )VP )S )PP )VP )VP . )S  STOP
(S (S (S (PP For (NP the *UNK )NP )PP (NP it )NP (VP 's (ADVP just )ADVP (NP (NP another day )NP (PP of (NP (NP *UNK business )NP (PP as (ADJP usual )ADJP )PP )NP )PP )NP )VP )S , (NP *UNK )NP (VP say )VP )S ; (S (NP the holiday )NP (VP seems (S (VP to (VP *UNK (NP (NP no unusual number )NP (PP of (NP ghost reports )NP )PP )NP )VP )VP )S )VP )S . )S  STOP
(S (NP (NP One )NP (PP of (NP the *UNK *UNK )NP )PP )NP (VP is (NP (NP Robert Baker )NP , (NP (NP a *UNK- *UNKED (NAC University (PP of (NP Kentucky )NP )PP )NAC psychology professor )NP (SBAR (WHNP whose *UNK gray *UNK )WHNP (S (VP *UNK (PP at (NP (NP the mere mention )NP (PP of (NP a ghost )NP )PP )NP )PP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (NP Mr. Baker )NP (VP says (SBAR (S (NP he )NP (VP has (ADVP personally )ADVP (VP *UNKED (NP (NP (QP more than 50 )QP *UNK )NP , (PP (PP from (NP *UNK )NP )PP (PP to (NP *UNK )NP )PP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Baker )NP (VP heads (NP (NP the Kentucky Association )NP (PP of (NP (NP Science *UNKC )NP and (NP *UNKC )NP )NP )PP )NP )VP . )S  STOP
(S (PP Like (NP (NP Hollywood 's )NP *UNKC )NP )PP , (NP Kentucky 's )NP (VP stand (S (ADJP ready (S (VP to (VP roll (SBAR (WHADVP when )WHADVP (S (NP *UNK )NP (VP get (PP out (PP of (NP hand )NP )PP )PP )VP )S )SBAR )VP )VP )S )ADJP )S )VP . )S  STOP
(S But (NP they )NP (VP do n't (VP (VP *UNK (ADVP around )ADVP (PP in (NP an old *UNKC )NP )PP )VP , (VP wear (NP *UNK suits )NP )VP or (VP *UNK (PRT away )PRT (PP at (NP *UNK spirits )NP )PP )VP )VP )VP . )S  STOP
(S (NP Mr. Baker )NP (VP (VP drives (NP a 1987 *UNKC )NP )VP and (VP (ADVP usually )ADVP *UNK (NP a *UNKED *UNK )NP )VP (PP on (NP his *UNKING *UNK )NP )PP )VP . )S  STOP
(S `` (S (NP I )NP (VP 've (ADVP never )ADVP (VP met (NP (NP a ghost )NP (SBAR (WHNP that )WHNP (S (VP could n't (VP be (VP explained (PRT away )PRT (PP by (NP (ADJP perfectly natural )ADJP means )NP )PP )VP )VP )VP )S )SBAR )NP )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP a Louisville woman )NP (VP complained (SBAR that (S (NP a ghost )NP (VP was (VP *UNKING (NP her *UNK )NP )VP )VP )S )SBAR )VP )S )SBAR , (NP Mr. Baker )NP (VP discovered (NP (NP a *UNK )NP (VP *UNKING (NP a *UNK )NP (PP across (NP the *UNK )NP )PP )VP )NP )VP . )S  STOP
(S (NP A *UNKING *UNK )NP (ADVP *UNKLY )ADVP (VP *UNKED (NP (NP a house )NP (PP in (NP (NP *UNKC )NP , (NP *UNK )NP )NP )PP )NP )VP . )S  STOP
(S (NP Mr. Baker )NP (VP found (NP (NP an opening )NP (PP under (NP the house )NP )PP (SBAR (WHNP that )WHNP (S (VP led (PP to (NP a *UNKED coal mine )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP the weather )NP (VP *UNK )VP )S )SBAR (PRN , (S (NP Mr. Baker )NP (VP says )VP )S , )PRN (NP *UNK )NP (ADVP often )ADVP (VP hole (PRT up )PRT (PP in (NP abandoned houses )NP )PP )VP . )S  STOP
(S `` (S (S (NP People )NP (VP see (NP (NP activity )NP (PP in (NP there )NP )PP )NP )VP )S , and (S (NP (NP the next thing )NP (SBAR (S (NP you )NP (VP know )VP )S )SBAR )NP , (NP you )NP (VP 've (VP got (NP a *UNKING )NP )VP )VP )S )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (PP On (NP a recent afternoon )NP )PP , (NP (NP Mr. Baker )NP and (NP a reporter )NP )NP (VP go (S (VP *UNKING , (S (VP *UNKING (NP (NP *UNKC *UNKC )NP , (NP (NP a *UNKC woman )NP (SBAR (WHNP who )WHNP (S (VP has (VP *UNKED (NP (NP the University )NP (PP of (NP Kentucky )NP )PP )NP (S (VP to (VP report (NP (NP *UNK *UNK )NP (PP in (NP her house )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )NP )NP )VP )S )VP )S )VP . )S  STOP
(S (S (NP Mrs. *UNKC )NP (VP says (SBAR (S (NP she )NP (ADVP never )ADVP (VP believed (PP in (NP ghosts )NP )PP (ADVP before )ADVP )VP )S )SBAR )VP )S , but (S (ADVP lately )ADVP (S (NP her *UNK *UNK )NP (VP turned (NP itself )NP (PRT on )PRT )VP )S , (S (NP a telephone )NP (VP *UNK (PP off (NP its stand )NP )PP )VP )S , (S (NP doors )NP (VP *UNKED (ADVP *UNKLY )ADVP )VP )S , and (S (NP she )NP (VP heard (NP (NP *UNK )NP (PP in (NP her *UNK *UNK )NP )PP )NP )VP )S )S . )S  STOP
(S `` (S (S (NP I )NP (VP was (VP (VP doing (NP the *UNK )NP )VP and (VP (ADVP nearly )ADVP broke (NP my neck )NP (S (VP running (ADVP *UNK )ADVP (S (VP to (VP see (SBAR (WHNP who )WHNP (S (VP was (ADVP there )ADVP )VP )S )SBAR )VP )VP )S )VP )S )VP )VP )VP )S , and (S (NP it )NP (VP was (NP nobody )NP )VP )S )S , '' (NP she )NP (VP says , (S (NP eyes )NP (ADJP wide (PP at (NP the *UNK )NP )PP )ADJP )S )VP . )S  STOP
(S (NP Mr. Baker )NP (VP (VP *UNK (NP her )NP (PRT out )PRT )VP , (VP *UNK (PRT around )PRT (NP a bit )NP )VP , (VP asks (NP a few questions )NP )VP and (VP proposes (NP some *UNK )NP )VP )VP . )S  STOP
(S (PP Of (NP the *UNKING *UNK *UNK )NP )PP , (NP he )NP (VP says : `` (S (VP *UNKC (VP be (NP (NP *UNKC )NP , -LCB- (NP (NP Mrs. *UNKC 's )NP *UNK )NP -RCB- )NP )VP )VP )S )VP . '' )S  STOP
(FRAG (NP The flying telephone )NP : `` (S (S (NP You )NP (VP *UNK (NP the base *UNK )NP (PP around (NP a chair *UNK )NP )PP )VP )S , and (S (NP the *UNK )NP (VP does (VP seem (S (VP to (VP fly (ADVP off )ADVP )VP )VP )S )VP )VP )S )S . '' )FRAG  STOP
(FRAG (NP The *UNKLY *UNK )NP : `` (S (S (NP Interstate 64 )NP (VP is (ADVP (NP a block )NP away )ADVP )VP )S , and (S (NP heavy traffic )NP (VP can (ADVP sure )ADVP (VP set (NP a house )NP (PP to (S (VP *UNKING )VP )S )PP )VP )VP )S )S . '' )FRAG  STOP
(S `` (S (NP I )NP (VP 'm not (ADJP sure (SBAR (S (NP he )NP (VP 's (VP explained (NP everything )NP )VP )VP )S )SBAR )ADJP )VP )S , '' (NP Mrs. *UNKC )NP (VP says (ADVP *UNKLY )ADVP )VP . )S  STOP
(S `` (S (NP There )NP (VP are (NP (NP some things )NP (SBAR (WHNP that )WHNP (S (VP have (VP gone (PRT on )PRT (ADVP here )ADVP )VP )VP )S )SBAR (SBAR (WHNP that )WHNP (S (NP nobody )NP (VP can (VP explain )VP )VP )S )SBAR )NP )VP )S , '' (NP she )NP (VP says )VP . )S  STOP
(S (NP Mr. Baker )NP (VP promises (S (VP to (VP return (SBAR if (S (NP the *UNKING )NP (VP continues )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (PP For (NP (ADJP especially *UNK )ADJP *UNK )NP )PP , (NP Mr. Baker )NP (VP carries (NP (NP a secret *UNK )NP , (NP (NP a *UNK )NP (PP of (NP *UNK )NP )PP )NP )NP )VP . )S  STOP
(S `` (S (NP I )NP (VP tell (NP people )NP (SBAR (S (NP it )NP (VP 's (NP (NP the *UNK *UNK )NP (PP of (NP *UNK )NP )PP )NP )VP )S )SBAR )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (NP I )NP (VP (VP *UNK (NP a little )NP (PRT around )PRT )VP and (VP tell (NP the *UNK )NP (S (VP to (VP leave )VP )VP )S )VP )VP . )S  STOP
(S (S (NP It )NP (VP 's (ADJP *UNKING )ADJP )VP )S , and (S (NP it )NP (ADVP usually )ADVP (VP works )VP )S . '' )S  STOP
(S (NP (NP Oregon 's )NP Mr. *UNKC )NP (VP (VP has (VP *UNKED (NP (NP claims )NP (PP of (NP (NP flying *UNK )NP , (NP *UNK )NP and (NP *UNKING *UNK )NP )NP )PP )NP )VP )VP and (VP has (VP come (PRT up )PRT (PP with (NP (NP a *UNK explanation )NP , (PRN (S (NP he )NP (VP says )VP )S )PRN , (PP for (NP every one )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S `` (ADVP *UNKLY )ADVP , '' (PRN (S (NP he )NP (VP says )VP )S )PRN , `` (NP *UNK )NP (VP are (ADJP *UNK )ADJP )VP . '' )S  STOP
(S (ADVP (NP Two years )NP ago )ADVP , (NP a Canadian *UNK )NP (VP bet (NP *UNKC Magazine )NP (NP $ 1,000 )NP (SBAR that (S (NP it )NP (VP could n't (VP *UNK (NP (NP the *UNK *UNK- )NP (PP in (NP `` (NP the Oregon *UNKC )NP , '' (NP (NP a former Indian *UNK ground )NP (PP in (NP southern Oregon )NP )PP )NP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP To (NP (NP viewers )NP (PP from (NP a distance )NP )PP )NP )PP , (NP (NP visitors )NP (PP to (NP the spot )NP )PP )NP (VP seemed (S (VP to (VP *UNK (ADVP *UNKLY )ADVP , (ADVP relative (PP to (NP the background )NP )PP )ADVP )VP )VP )S )VP . )S  STOP
(S (NP The magazine )NP (VP called (PRT in )PRT (NP Mr. *UNKC )NP (PP as (NP a consultant )NP )PP )VP . )S  STOP
(S (NP He )NP (VP (VP showed (PRT up )PRT (PP with (NP (NP a *UNK 's )NP level )NP )PP )VP , (VP (ADVP carefully )ADVP measured (NP every surface )NP )VP and (VP showed (SBAR (WHADVP how )WHADVP (S (NP the apparent *UNK )NP (VP was (VP caused (PP by (NP the *UNK )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(NP `` (NP A (ADJP very striking )ADJP *UNK )NP , '' (PRN (S (NP Mr. *UNKC )NP (VP says (ADVP now )ADVP , (S (NP his voice )NP (VP *UNKING (PP with (NP *UNK )NP )PP )VP )S )VP )S )PRN , `` but (NP an *UNK )NP (ADVP *UNK )ADVP . '' )NP  STOP
(S (NP The Canadian )NP (VP *UNK (PRT up )PRT (S (VP writing (NP a check )NP )VP )S )VP . )S  STOP
(S (S (NP (NP The *UNKC *UNKC *UNKC )NP , (NP (NP a *UNK professor and *UNK expert )NP (PP at (NP (NP St. *UNKC University )NP (PP in (NP (NP *UNKC )NP , (NP N.Y. )NP )NP )PP )NP )PP )NP , )NP (ADVP frequently )ADVP (VP is (VP asked (S (VP to (VP *UNK (NP *UNKLY spirits )NP )VP )VP )S )VP )VP )S , and (S (NP he )NP (ADVP often )ADVP (VP *UNK )VP )S . )S  STOP
(S `` (S (PP On (NP certain occasions )NP )PP (NP a *UNK )NP (VP could (VP (VP be (ADJP *UNK )ADJP )VP and (VP make (S (NP itself )NP (ADJP known )ADJP )S )VP )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (NP It )NP (VP happens )VP . '' )S  STOP
(S (NP *UNKC *UNKC )NP (ADVP often )ADVP (VP uses (NP (SBAR (WHNP what )WHNP (S (NP he )NP (VP calls (S `` (NP a *UNK *UNK )NP '' )S )VP )S )SBAR : (NP (NP a few *UNK )NP and (NP (NP an *UNK )NP (PP to (NP the spirit )NP )PP (S (VP to (VP leave )VP )VP )S )NP )NP )NP )VP . )S  STOP
(S `` (S (SBAR If (S (NP the person )NP (VP believes (SBAR (S (NP there )NP (VP 's (NP an *UNK spirit )NP )VP )S )SBAR )VP )S )SBAR , (NP you )NP (VP ask (NP it )NP (S (VP to (VP be (VP gone )VP )VP )VP )S )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (NP (NP The *UNK )NP (NP itself )NP )NP (VP may (VP do (NP the *UNKING )NP )VP )VP . '' )S  STOP
(S But (ADVP sometimes )ADVP (NP (ADJP more *UNK )ADJP attacks )NP (VP are (VP required )VP )VP . )S  STOP
(S (S (VP To (VP *UNK (PP with (NP a *UNK )NP )PP (PP in (NP (NP a house )NP (VP owned (PP by (NP a (NAC *UNKC , Conn. , )NAC woman )NP )PP )VP )NP )PP )VP )VP )S , (NP the *UNKC )NP (ADVP recently )ADVP (VP called (PRT in )PRT (NP (NP an *UNK )NP , (NP the *UNKC Robert *UNKC )NP , (NP (NP a dissident *UNK )NP (SBAR (WHNP who )WHNP (S (VP *UNK (PP to (NP (NP the *UNKC Church 's )NP old Latin *UNK )NP )PP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (S (NP I )NP (VP *UNK )VP )S , and (SINV (ADVP so )ADVP (VP does )VP (NP (NP a television *UNK )NP (PP from (NP New York City )NP )PP )NP )SINV . )S  STOP
(S (NP Mr. Warren )NP (VP *UNK (S (NP the *UNKC case )NP `` (NP your typical *UNK *UNK )NP )S )VP . '' )S  STOP
(S (S (S (NP A *UNKC *UNK )NP (VP built (NP the small red house )NP (ADVP (NP 110 years )NP ago )ADVP )VP )S and (S (ADVP now )ADVP (NP his *UNK ghost )NP (VP haunts (NP it )NP )VP )S )S , (NP Mr. Warren )NP (VP says )VP . )S  STOP
(S (NP (NP The owner )NP , (SBAR (WHNP who )WHNP (S (VP *UNK (NP *UNK )NP )VP )S )SBAR , )NP (VP *UNK (SBAR that (S (NP the *UNK )NP , (S (VP *UNKING (PP as (NP a dark shadow )NP )PP )VP )S , (VP has (VP *UNKED (NP her )NP , (S (VP (VP *UNKING (NP her )NP (PP around (NP the living room )NP )PP )VP and (VP *UNKING (PRT out )PRT (NP (NP a *UNK )NP (PP of (NP hair )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Two previous *UNK )NP (VP have (VP failed )VP )VP . )S  STOP
(S `` (S (NP This )NP (VP is (NP a (ADJP very *UNK )ADJP ghost )NP )VP )S , '' (NP Mr. Warren )NP (VP says (ADVP *UNKLY )ADVP )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP moves (PP through (NP the house )NP )PP (S (VP (VP *UNKING (PP in (NP Latin )NP )PP )VP , (VP urging (NP the *UNK )NP (S (VP to (VP split )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (ADVP *UNKLY )ADVP (NP the woman )NP (VP begins (VP (VP *UNKING )VP and (ADVP then )ADVP (VP *UNKING )VP )VP )VP . )S  STOP
(S `` (S (NP She )NP (VP 's (VP being (VP *UNKED (PP by (NP the *UNK )NP )PP )VP )VP )VP )S , '' (NP Mrs. Warren )NP (VP *UNK (SBAR as (S (S (NP the *UNK )NP (VP *UNK (NP *UNKLY water )NP (PP over (NP the *UNKING woman )NP )PP )VP )S , and (S (NP the television camera )NP (VP *UNK )VP )S )S )SBAR )VP . )S  STOP
(S (S (ADVP (NP A half-hour )NP later )ADVP , (NP the woman )NP (VP is (VP *UNKING and *UNKING )VP )VP )S ; (S (NP the *UNK )NP (VP seems (S (VP to (VP have (VP gone )VP )VP )VP )S )VP )S . )S  STOP
(S But (NP Mr. Warren )NP (VP says (SBAR (S (NP the woman )NP (VP has (NP `` (NP *UNK *UNK )NP '' (PP on (NP her back )NP )PP (PP from (NP the confrontation )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP She )NP (VP declines (S (VP to (VP show (NP them )NP )VP )VP )S )VP . )S  STOP
(S `` (S (NP This )NP (VP was (NP (NP an *UNK , powerful force )NP (SBAR (WHNP that )WHNP (S (VP 's (ADJP almost impossible (SBAR for (S (NP a *UNK )NP (VP to (VP *UNK )VP )VP )S )SBAR )ADJP )VP )S )SBAR )NP )VP )S , '' (NP Mr. Warren )NP (VP says (ADVP *UNKLY )ADVP (SBAR as (S (NP the *UNKING *UNK )NP (VP *UNK (PRT up )PRT (S (VP to (VP leave )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S `` (NP This time )NP (ADVP though )ADVP , '' (PRN (S (NP he )NP (VP says )VP )S )PRN , `` (NP I )NP (VP think (SBAR (S (NP we )NP (VP got (NP it )NP )VP )S )SBAR )VP . '' )S  STOP
(FRAG (NP (NP *UNKC )NP (PP from `` (NP *UNKC )NP '' )PP (PP by (NP *UNKC S. Parker Jr. )NP )PP )NP (NP 1984 )NP (PP by (NP (NP (NP Golden *UNKC *UNKC Corp. )NP (PRN -LRB- (NP *UNKC )NP -RRB- )PRN )NP and (NP (NP *UNKC *UNKC )NP (PRN -LRB- (NP *UNKC )NP -RRB- )PRN )NP )NP )PP . )FRAG  STOP
(S (NP (NP All administrative rights )NP (PP for (NP the U.S. )NP )PP )NP (VP (ADVP jointly )ADVP controlled (PP by (NP both companies )NP )PP )VP . )S  STOP
(S (NP International *UNK )NP (VP secured )VP . )S  STOP
(S (VP *UNKC (PP in (NP USA )NP )PP )VP . )S  STOP
(S (NP All rights )NP (VP *UNKED )VP . )S  STOP
(S (VP *UNKED (PP by (NP permission )NP )PP )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP *UNK (PP amid (NP market turmoil )NP )PP )VP . )S  STOP
(S But (NP *UNK )NP (VP earn (NP more )NP )VP . )S  STOP
(S (NP Shearson Lehman Hutton Inc. )NP (VP counts (NP (NP (QP under *UNKN )QP workers )NP , (ADVP (ADVP down (NP 100 )NP (PP from (NP (NP the start )NP (PP of (NP the year )NP )PP )NP )PP )ADVP and (ADVP off (NP *UNKN )NP (PP from (PP after (NP (NP its merger )NP and (NP (NP the market collapse )NP )NP (ADVP (NP two years )NP ago )ADVP )NP )PP )PP )ADVP )ADVP )NP )VP . )S  STOP
(S (NP Another major firm )NP (VP has (VP cut (NP (NP 6,000 workers )NP , (NP (NP 13 % )NP (PP of (NP its staff )NP )PP )NP , )NP (PP since (NP Black Monday )NP )PP )VP )VP . )S  STOP
(S (NP (NP The Bureau )NP (PP of (NP Labor Statistics )NP )PP )NP (VP says (SBAR (S (NP (NP securities firms )NP (PP in (NP (NP New York City )NP (ADVP alone )ADVP )NP )PP )NP (VP have (VP slashed (NP *UNKN jobs )NP (PP from (NP (NP the (UCP December 1987 )UCP peak )NP (PP of (NP *UNKN )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Average annual earnings )NP (PP of (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP have (VP *UNK (PRT on )PRT )VP )VP )S )SBAR )NP )PP )NP , (ADVP though )ADVP , (VP surged (PP to (NP $ *UNKN )NP (NP last year )NP )PP (PP from (NP $ *UNKN )NP (PP in (NP 1987 )NP )PP )PP )VP . )S  STOP
(S (NP Any hiring )NP (VP is (VP *UNKED (PP to (NP retail sales )NP )PP )VP )VP . )S  STOP
(S (NP Illinois Company Investments )NP (VP had (VP been (VP *UNKING (NP its ranks )NP (PP until (NP last summer )NP )PP )VP )VP )VP . )S  STOP
(S But (ADVP then )ADVP (NP it )NP (VP was (VP acquired (PP by (NP *UNKC International Inc )NP )PP )VP )VP . )S  STOP
(S (ADVP Now )ADVP (NP it )NP (VP offers (NP *UNK commissions )NP (S (VP to (VP *UNK (NP (NP a broker )NP (NP a week )NP )NP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC Lane Inc. )NP (NP this year )NP (VP adds (NP 70 people )NP (PRN -- (S (NP (NP 60 )NP (PP of (NP them )NP )PP )NP (PP in (NP retail )NP )PP )S -- )PRN (PP to (NP its *UNK- staff )NP )PP )VP . )S  STOP
(S (NP *UNKC Edwards & Sons )NP (VP (VP runs (NP training classes )NP )VP and (VP looks (PP for (NP experienced brokers )NP )PP )VP )VP . )S  STOP
(S `` (S (NP We )NP (VP 're (ADVP always )ADVP (VP going (S (VP to (VP hire (NP (NP someone )NP (SBAR (S (NP we )NP (VP consider (S (VP to (VP be (NP a winner )NP )VP )VP )S )VP )S )SBAR )NP )VP )VP )S )VP )VP )S , '' (NP an Edwards official )NP (VP says )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP *UNK )NP (VP are (ADJP available (S (VP to (VP cope (PP with (NP earthquake damage )NP )PP )VP )VP )S )ADJP )VP . )S  STOP
(SINV `` (S (NP I )NP (VP do n't (VP *UNK (NP (NP any *UNK )NP (PP over (NP the next few months )NP )PP )NP )VP )VP )S , '' (VP says )VP (NP (NP *UNKC Allen )NP , (NP (NP an official )NP (PP of (NP (NP Operating *UNKC *UNKC 3 )NP (PP in (NP San Francisco )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (ADVP *UNKLY )ADVP , `` (PP up (PP until (NP the quake )NP )PP )PP , (NP we )NP (VP (ADVP *UNKLY )ADVP tried (S (VP to (VP fill (NP (NP jobs )NP , '' (PP (ADVP especially )ADVP for (NP *UNK and *UNK operators )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S But (S (NP the Oct. 17 temblor )NP (VP put (NP a halt )NP (PP to (NP much *UNK building )NP )PP )VP )S , and (S (NP (NP heavy *UNK )NP (NP last week )NP )NP (VP slowed (NP the rest )NP )VP )S , (S (VP *UNKING (NP construction workers )NP (PP for (NP earthquake repairs )NP )PP )VP )S . )S  STOP
(S (NP (NP The supply )NP (PP of (NP experienced civil engineers )NP )PP )NP , (ADVP though )ADVP , (VP is (ADJP *UNK )ADJP )VP . )S  STOP
(S (PP In (NP recent months )NP )PP , (NP (NP California 's )NP Transportation Department )NP (VP has (VP been (VP *UNKING (PP in (NP Pennsylvania , Arizona and Texas )NP )PP (PP for (NP (NP engineers )NP (ADJP experienced (PP in (NP road and bridge design )NP )PP )ADJP )NP )PP )VP )VP )VP . )S  STOP
(SINV (S But , (PP with (NP (S (NP the state )NP (VP offering (NP (NP (QP only $ *UNKN )QP )NP (NP a year )NP )NP )VP )S and (NP (NP (NP California 's )NP high standard )NP (PP of (NP living )NP )PP )NP )NP )PP , `` (NP there )NP (VP are n't (NP (NP too many )NP (SBAR (S (VP to (VP choose (PP from )PP )VP )VP )S )SBAR )NP )VP , '' )S (VP says )VP (NP (NP *UNKC Scott )NP , (NP a *UNKING officer )NP )NP . )SINV  STOP
(S (NP He )NP (VP says (SBAR (S (NP the department )NP (VP (VP (ADVP now )ADVP has (NP 75 *UNK )NP )VP and (VP wants (S (VP to (VP hire (NP *UNKN civil engineers )NP (PP over (NP the next 15 months )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP THE IRS )NP (VP may (VP *UNK (SBAR (WHNP what )WHNP (S (NP the Labor Department )NP (VP *UNK )VP )S )SBAR )VP )VP . )S  STOP
(S But (VP stay (ADJP *UNKED )ADJP )VP . )S  STOP
(S (NP *UNKC specialists )NP (VP drew (NP (NP a *UNK *UNK )NP (PP of (NP relief )NP )PP )NP (PP in (NP (NP early October )NP (SBAR (WHADVP when )WHADVP (S (NP the Labor Department )NP (VP backed (ADVP away (PP from (NP a proposal (SBAR that (S (NP companies )NP (VP let (S (NP former employees and beneficiaries )NP (PRN -- (PP along (PP with (NP active workers )NP )PP )PP -- )PRN (VP borrow (PP against (NP (NP *UNK )NP (PP in (NP (NP *UNKN -LRB- *UNK -RRB- )NP and (NP similar savings plans )NP )NP )PP )NP )PP )VP )S )VP )S )SBAR )NP )PP )ADVP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP In (NP an advisory letter )NP )PP , (NP the department )NP (VP said (SBAR that , (S (PP starting (NP Oct. 18 )NP )PP , (NP loans )NP (VP could (VP be (VP limited (PP to (NP `` (NP parties )NP (PP in (NP interest )NP )PP , '' (SBAR (WHNP which )WHNP (S (ADVP generally )ADVP (VP (VP means (NP active workers )NP )VP but (ADVP also )ADVP (VP includes (NP (NP *UNK )NP (SBAR (WHNP who )WHNP (S (VP continue (PP as (NP (NP directors )NP and (NP (ADJP 10 % )ADJP shareholders )NP )NP )PP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(SINV (ADVP Now )ADVP comes (NP word (SBAR that (S (NP (NP IRS regulations )NP (VP being (VP *UNKED )VP )VP )NP (VP could (VP put (NP companies )NP (PP in (NP (NP violation )NP (PP of (NP the tax code )NP )PP )NP )PP (SBAR if (S (NP they )NP (VP (VP make (NP loans )NP (PP to (NP *UNK shareholders and directors )NP )PP )VP but (VP do n't (VP make (S (NP them )NP (ADJP available (PP to (NP (NP other former workers )NP (SBAR (WHNP who )WHNP (S (ADVP usually )ADVP (VP earned (NP less )NP )VP )S )SBAR )NP )PP )ADJP )S )VP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP . )SINV  STOP
(S (NP The IRS )NP (VP says (SBAR (S (NP the question )NP (VP wo n't (VP be (VP settled (SBAR until (S (NP the regulations )NP (VP are (VP issued `` (ADVP shortly )ADVP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . '' )S  STOP
(S But (NP violation )NP (VP could (VP bring (NP substantial tax penalties )NP (PP to (NP both employer and employees )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's (NP (NP a severe case )NP (PP of (NP regulatory *UNK )NP )PP )NP )VP )S , '' (VP complains )VP (NP (NP Henry *UNKC )NP (PP of (NP consultant A. *UNKC *UNKC & Co )NP )PP )NP . )SINV  STOP
(S (NP (NP Frederick *UNKC )NP (PP of (NP *UNKC *UNKC )NP )PP )NP (VP has (VP asked (NP Labor )NP (S (VP to (VP *UNK (NP its rule )NP (S (VP to (VP remove (NP the IRS threat )NP )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP *UNK (ADVP deeper )ADVP )VP . )S  STOP
(S (NP *UNKC consultant Right Associates )NP (VP says (SBAR (S (S (NP (NP the average pay )NP (PP of (NP its clients )NP )PP )NP (VP fell (PP to (NP $ *UNKN )NP (NP last year )NP )PP (PP from (NP $ *UNKN )NP (PP in (NP 1987 )NP )PP )PP )VP )S ; (S (NP *UNK pay )NP (VP dropped (PP to (NP 25 weeks )NP )PP (PP from (NP 29 )NP )PP )VP )S )S )SBAR )VP . )S  STOP
(S (NP Both )NP (VP reflect (NP (NP the *UNK )NP (PP of (NP (ADJP *UNK- and *UNK- )ADJP executives )NP )PP )NP )VP . )S  STOP
(S (ADVP *UNKC )ADVP (VP *UNKC (NP *UNKC )NP )VP . )S  STOP
(S (NP Executives )NP (VP (ADVP *UNKLY )ADVP believe (SBAR (S (NP workers )NP (VP should (VP know (NP their *UNKED benefits )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S But (NP (QP three out of four )QP managers )NP (VP ca n't (VP (ADVP *UNKLY )ADVP state (NP (NP the value )NP (PP of (NP their own packages )NP )PP )NP )VP )VP )S , (NP consultant *UNKC *UNKC )NP (VP says )VP . )S  STOP
(NP *UNKC *UNKC . )NP  STOP
(S (NP (NP (QP *UNKLY 62 )QP % )NP (PP of (NP (NP the doctors )NP (VP surveyed (PP for (NP Metropolitan Life Insurance Co. )NP )PP )VP )NP )PP )NP (VP think (SBAR (S (NP their fellow *UNK )NP (VP are (ADJP responsible (PP for (NP rising health-care costs )NP )PP )ADJP , (ADVP ahead (PP of (NP (NP (NP hospitals )NP (PRN -LRB- (NP 55 % )NP -RRB- )PRN )NP and (NP (NP patients )NP (PRN -LRB- (NP 48 % )NP -RRB- )PRN )NP )NP )PP )ADVP )VP )S )SBAR )VP . )S  STOP
(S (INTJ *UNK )INTJ , (NP *UNKC )NP (VP *UNKC )VP ! )S  STOP
(S (S (NP (NP (QP Only one in four )QP companies )NP (PP with (NP flexible benefit plans )NP )PP )NP (VP *UNK (S (NP workers )NP (VP buy or sell (NP *UNK days )NP )VP )S )VP )S , (NP consultant *UNKC *UNKC )NP (VP says )VP . )S  STOP
(S (S (NP *UNKC )NP (VP like (NP the option )NP )VP )S but (S (NP firms )NP (VP say (SBAR (S (NP it )NP (VP 's (ADJP too tough (SBAR (S (VP to (VP run )VP )VP )S )SBAR )ADJP )VP )S )SBAR )VP )S . )S  STOP
(S (NP *UNKC )NP (VP *UNKC (NP *UNK *UNKING )NP (PP for (NP (NP jobs )NP (VP tied (PP to (NP *UNK )NP )PP )VP )NP )PP )VP . )S  STOP
(S (NP Some )NP (ADVP even )ADVP (VP study )VP . )S  STOP
(SINV `` (S (NP *UNKC jobs )NP (VP are n't (ADJP popular )ADJP (ADVP no matter (SBAR (WHNP what )WHNP (S (NP they )NP (VP pay )VP )S )SBAR )ADVP )VP )S , '' (VP says )VP (NP a *UNKC official )NP . )SINV  STOP
(S (NP Working students )NP (PRN , (S (NP she )NP (VP explains )VP )S , )PRN (VP want `` (NP some satisfaction )NP )VP . '' )S  STOP
(S (NP (NAC University (PP of (NP Michigan )NP )PP )NAC students )NP (VP look (PP for (NP (NP jobs )NP (VP related (PP to (NP planned *UNK )NP )PP )VP )NP )PP )VP . )S  STOP
(S (S (NP *UNKC *UNKC )NP , (ADVP though )ADVP , (VP says (SBAR (S (NP some students )NP (VP *UNK (SBAR (S (NP they )NP (VP can (VP help (NP their *UNK )NP (ADVP most )ADVP (PP by (S (VP *UNKING (NP the books )NP )VP )S )PP )VP )VP )S )SBAR )VP )S )SBAR )VP )S : `` (S (NP They )NP (VP 're (VP *UNKING (S (VP to (VP build (NP their *UNK )NP (PP through (NP (NP good *UNK )NP and (NP (NP leadership *UNK )NP (PP in (NP *UNK )NP )PP )NP )NP )PP )VP )VP )S )VP )VP )S . '' )S  STOP
(S (NP (NP *UNKING economies )NP (PP in (NP some areas )NP )PP )NP (VP limit (NP student choice )NP )VP . )S  STOP
(S (NP (NP *UNKC job *UNK )NP (PP at (NP Boston University )NP )PP )NP (VP slip (NP 10 % )NP (NP this year )NP (PP following (NP (NP a (ADJP 10 % )ADJP drop )NP (PP in (NP 1988 )NP )PP )NP )PP )VP . )S  STOP
(S (ADVP Still )ADVP , (NP the school )NP (VP says (SBAR (S (S (NP there )NP (VP are (NP an *UNK number )NP )VP )S and (S (NP pay )NP (VP is (ADVP up (PP to (NP (NP $ *UNKN )NP (NP an hour )NP )NP )PP (PP from (NP $ *UNKN )NP (NP last year )NP )PP )ADVP )VP )S )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC candidates )NP (PP at (NP (NP the University )NP (PP of (NP Pittsburgh )NP )PP )NP )PP )NP (VP earn (NP (NP (QP up to $ 15 )QP )NP (NP an hour )NP )NP (PP on (NP marketing or computer projects )NP )PP )VP . )S  STOP
(NP (NP THE *UNKC )NP : (NP *UNKC *UNK )NP : )NP  STOP
(S (NP *UNKC Corp. )NP (VP *UNK (NP (NP a (NAC University (PP of (NP *UNKING )NP )PP )NAC *UNK )NP (PP with (NP (NP *UNK )NP (PP in (NP (NP *UNK )NP and (NP petroleum engineering )NP )NP )PP )NP )PP )NP (PP for (NP (NP $ 7.50 )NP (NP an hour )NP )NP )PP (S (VP to (VP tend (NP (NP wood *UNK )NP (PP at (NP a Colorado ski resort )NP )PP )NP )VP )VP )S )VP ... . )S  STOP
(SQ Is (NP somebody )NP (VP telling (NP us )NP (NP something )NP )VP ? )SQ  STOP
(S (NP (NP Our copy )NP (PP of (NP *UNKC (PRN -LRB- (NP *UNKC . )NP -RRB- )PRN Labor )NP )PP )NP (VP comes (PP through (NP the mail )NP )PP (S (VP *UNKED (PP around (NP (NP two *UNK )NP (PP of (NP *UNKC *UNKC News )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (VP is (VP making (NP (NP a return )NP (PP with (NP a *UNK )NP )PP (PP to (NP (NP Latin America 's )NP (ADJP (ADJP most *UNK )ADJP and (ADJP deeply *UNKED )ADJP )ADJP country )NP )PP )NP )VP )VP . )S  STOP
(S (PP On (NP (NP Nov. 15 )NP , (SBAR (WHADVP when )WHADVP (S (NP *UNKC )NP (VP *UNK (NP a president )NP (PP for (NP (NP the first time )NP (PP in (NP 29 years )NP )PP )NP )PP )VP )S )SBAR )NP )PP , (NP (NP the country 's )NP (QP *UNK million )QP voters )NP (VP will (VP have (NP (NP 22 candidates )NP (SBAR (S (VP to (VP choose (PP from )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP The candidates )NP (VP have (VP been (VP *UNKING (NP (NP this huge country )NP (PP of (NP (QP 145 million )QP people )NP )PP )NP , (S (VP holding (NP (NP rallies )NP and (NP *UNKED *UNK )NP )NP (PP in (NP (NP hope )NP (PP of (S (VP being (VP elected (PP to (SBAR (WHNP what )WHNP (S (VP must (VP be (NP (NP (NP one )NP (PP of (NP (NP the world 's )NP (ADJP most *UNK )ADJP political jobs )NP )PP )NP : (S (VP trying (S (VP to (VP drag (NP Brazil )NP (PP out (PP of (NP its (ADJP economic and social )ADJP mess )NP )PP )PP )VP )VP )S )VP )S )NP )VP )VP )S )SBAR )PP )VP )VP )S )PP )NP )PP )VP )S )VP )VP )VP . )S  STOP
(SINV `` (S (NP I )NP (VP feel (ADJP *UNK (PP for (SBAR (WHNP *UNK )WHNP (S (VP wins )VP )S )SBAR )PP )ADJP )VP )S , '' (VP says )VP (NP a *UNKC *UNK )NP . )SINV  STOP
(S (SBAR (WHNP Who )WHNP (S (NP that winner )NP (VP will (VP be )VP )VP )S )SBAR (VP is (ADJP highly uncertain )ADJP )VP . )S  STOP
(S (NP A *UNK- candidates )NP , (S (VP backing (NP (NP policies )NP (VP ranging (PP (PP from (NP *UNKC )NP )PP (PP to (NP *UNK- *UNKC )NP )PP )PP )VP )NP )VP )S , (VP are (VP given (NP (NP a chance )NP (PP of (S (VP winning )VP )S )PP )NP )VP )VP . )S  STOP
(SINV `` (S (SBAR (WHNP *UNKC )WHNP (S (VP says (SBAR (S (NP he )NP (VP knows (SBAR (WHNP (WHNP which )WHNP (PP of (NP the six )NP )PP )WHNP (S (VP will (VP win )VP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR (VP is (PP out (PP of (NP his mind )NP )PP )PP )VP )S , '' (VP says )VP (NP (NP Antonio *UNKC )NP , (NP (NP a *UNK member )NP (PP of (NP Parliament )NP )PP )NP )NP . )SINV  STOP
(S (NP The favorite )NP (VP remains (NP (NP *UNKC *UNKC de *UNKC )NP , (NP (NP a *UNK- former governor )NP (PP of (NP (NP the state )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (NP He )NP (VP came (PP out (PP of (NP *UNK )NP )PP )PP (S (VP to (VP *UNK (NP (NP the lead )NP (PP in (NP opinion polls )NP )PP )NP )VP )VP )S , (PP (ADVP (ADVP probably less )ADVP )ADVP because of (NP (NP his *UNK program )NP (SBAR (S (VP to `` (VP build (NP a new Brazil )NP )VP )VP '' )S )SBAR )NP )PP (PP than (PP because of (NP (NP his good looks )NP , (NP (NP the open backing )NP (PP of (NP the powerful *UNKC *UNKC television network )NP )PP )NP and (NP (NP his reputation )NP (PP as (NP (NP a *UNK )NP (PP of (NP `` (NP *UNK )NP , '' or (NP (ADJP *UNK and *UNKED )ADJP civil *UNK )NP )NP )PP )NP )PP )NP )NP )PP )PP )VP . )S  STOP
(S But (PP after (S (VP building (PRT up )PRT (NP a *UNKING lead )NP )VP )S )PP , (NP the (ADJP moderate to conservative )ADJP Mr. *UNKC )NP (VP has (VP slipped (PP to (NP (NP (QP about 30 )QP % )NP (PP in (NP the polls )NP )PP )NP )PP (PP from (NP (NP a high )NP (PP of (NP (QP about 43 )QP % )NP )PP )NP (ADVP (NP only a few weeks )NP ago )ADVP )PP )VP )VP . )S  STOP
(S (S (VP To (VP avoid (NP a *UNK )NP )VP )VP )S , (NP one candidate )NP (VP would (VP have (S (VP to (VP (VP win (NP (NP 50 % )NP (PP of (NP the vote )NP )PP )NP )VP -- (NP (NP a *UNK )NP (SBAR (WHNP that )WHNP (S (NP most analysts )NP (VP consider (S (ADJP impossible )ADJP )S (PP with (S (NP (ADJP so many )ADJP candidates )NP (VP running )VP )S )PP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP (NP Two *UNKING politicians )NP , (NP (NP (NP *UNKC *UNKC *UNKC )NP , (NP (NP a former governor )NP (PP of (NP *UNKC de *UNKC state )NP )PP )NP )NP , and (NP *UNKING *UNKC *UNKC *UNK *UNKC )NP )NP , )NP (ADVP currently )ADVP (VP are (VP running (ADVP neck and neck )ADVP (PP at (NP (QP about 15 )QP % )NP )PP )VP )VP )S , and (S (NP three other candidates )NP (VP are (VP given (NP (NP a chance )NP (PP of (S (VP reaching (NP (NP the Dec. 17 *UNK election )NP (PP between (NP (NP the two biggest *UNK- )NP : (NP (NP Social Democrat *UNKC *UNKC )NP and (NP (NP two conservatives )NP , (NP (NP (NP *UNKC *UNKC *UNKC )NP , (NP (NP a former governor )NP (PP of (NP (NP the state )NP (PP of (NP *UNKC *UNKC )NP )PP )NP )PP )NP )NP , and (NP *UNKC *UNKC *UNKC )NP )NP )NP )NP )NP )PP )NP )VP )S )PP )NP )VP )VP )S . )S  STOP
(S (NP The uncertainty )NP (VP is (VP sending (NP *UNK )NP (PP through (NP Brazilian financial markets )NP )PP )VP )VP . )S  STOP
(S (NP (NP The dollar )NP , (NP (NP the best indicator )NP (PP of (NP (NP the country 's )NP mood )NP )PP )NP , )NP (VP has (VP *UNKED (PP on (NP the *UNK market )NP )PP , (SBAR as (SINV has (NP gold )NP )SINV )SBAR )VP )VP . )S  STOP
(S (NP Capital flight )NP (VP is (VP reported (S (VP to (VP be (ADJP strong )ADJP )VP )VP )S )VP )VP . )S  STOP
(S (NP The big question )NP (VP is (SBAR whether (S (NP the new president )NP (VP will (VP have (NP (NP (NP the strength )NP and (NP (NP the political support )NP (PP in (NP Congress )NP )PP )NP )NP (SBAR (S (VP to (VP take (NP steps )NP (S (VP to (VP *UNK (NP (NP Brazil 's )NP economic *UNK )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP President Jose *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP took (NP office )NP (PP in (NP 1985 )NP )PP (SBAR (WHADVP when )WHADVP (S (NP (NP the man )NP (VP picked (PP by (NP an *UNK college )NP )PP )VP )NP (VP became (ADJP *UNKLY *UNK )ADJP )VP )S )SBAR )VP )S )SBAR , )NP (VP appears (S (VP to (VP be (ADVP simply )ADVP (VP trying (S (VP to (VP avoid (NP *UNK )NP )VP )VP )S )VP )VP )VP )S )VP . )S  STOP
(S (NP (NP The *UNK Mr. *UNKC )NP , (SBAR (WHNP whose task )WHNP (S (VP was (S (VP to (VP bring (PRT about )PRT (NP (NP a smooth transition )NP (PP to (NP democracy )NP )PP )NP (PP after (NP (NP 21 years )NP (PP of (NP military rule )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR , )NP (VP is n't (VP seeking (NP *UNK- )NP )VP )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (VP comes (PP out (PP of (NP the *UNK box )NP )PP )PP )VP )S )SBAR (VP could (VP be (ADJP crucial )ADJP (PP in (S (VP *UNKING (SBAR whether (S (NP Brazil )NP (VP (VP (ADVP finally )ADVP lives (PP up (PP to (NP (NP the potential )NP (PP of (NP (NP the world 's )NP (ADJP *UNK largest )ADJP economy )NP )PP )NP )PP )PP )VP or (VP keeps (S (VP living (PP up (PP to (NP (NP its other , (ADJP less *UNK )ADJP title )NP : (NP (NP that )NP (PP of (NP (NP (NP the developing world 's )NP largest *UNK )NP , (VP *UNKING (PP on (NP (NP the *UNK )NP (PP of (NP *UNK )NP )PP )NP )PP )VP , (ADJP *UNKED (PP in (NP deficits and *UNK )NP )PP )ADJP , (PP with (S (NP (NP huge economic *UNK )NP and (NP social *UNK )NP )NP (VP *UNKING (PP under (NP the surface )NP )PP )VP )S )PP )NP )PP )NP )NP )PP )PP )VP )S )VP )VP )S )SBAR )VP )S )PP )VP )VP . )S  STOP
(S (SBAR If (S (NP Brazil )NP (VP *UNK (NP (NP an economic strategy )NP (VP allowing (S (NP it )NP (VP to (VP resume (NP (NP growth )NP and (NP service debt )NP )NP )VP )VP )S )VP )NP )VP )S )SBAR , (NP this )NP (VP could (VP lead (S (NP it )NP (VP to (VP (VP open (PRT up )PRT )VP and (VP *UNK )VP (NP its *UNKED economy )NP )VP )VP )S (PRN , (S (NP analysts )NP (VP say )VP )S , )PRN (SBAR just as (S (NP *UNKC President Carlos *UNKC *UNKC )NP (VP has (VP been (VP doing (SBAR even though (S (NP he )NP (VP was (VP elected (PP on (NP a *UNK *UNK )NP )PP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(SINV `` (S (PP *UNKING (PP on (NP the president )NP )PP )PP , (NP we )NP (VP could (VP either (VP be (NP a *UNK- economy )NP (PP by (NP (NP the end )NP (PP of (NP the century )NP )PP )NP )PP )VP or (VP stay (SBAR (WHADVP where )WHADVP (S (NP we )NP (VP are )VP )S )SBAR )VP )VP )VP )S , '' (VP says )VP (NP political scientist *UNKC de *UNKC )NP . )SINV  STOP
(S `` And (SBAR (WHADVP where )WHADVP (S (NP we )NP (VP are )VP )S )SBAR (VP is (ADJP bad )ADJP )VP . '' )S  STOP
(S (PP Despite (NP (NP *UNK efforts )NP (PP by (NP Finance Minister *UNKC *UNKC *UNK *UNKC )NP )PP )NP )PP , (NP inflation )NP (VP (VP came (PP to (NP 36 % )NP )PP (PP in (NP September alone )NP )PP )VP and (VP is (VP expected (S (VP to (VP top (NP 1,000 % )NP (PP for (NP the year )NP )PP )VP )VP )S )VP )VP )VP . )S  STOP
(S (S (NP That )NP (VP might (VP have (VP been (VP considered (S (NP *UNK )NP )S (ADVP not long ago )ADVP )VP )VP )VP )VP )S , but (S (NP *UNKC )NP (VP *UNKED (NP (NP price increases )NP (PP of (NP (QP almost 200 )QP % )NP )PP )NP (PP in (NP July )NP )PP (PP before (S (VP bringing (NP the rate )NP (PRT down )PRT (ADVP sharply )ADVP (PP in (NP August and September )NP )PP )VP )S )PP )VP )S . )S  STOP
(S (ADVP Still )ADVP , (NP massive internal debt )NP (VP has (VP forced (S (NP the government )NP (VP (VP to (VP borrow (ADVP *UNKLY )ADVP (PP on (NP the domestic market )NP )PP )VP )VP and (VP to (VP offer (NP (NP inflation-adjusted returns )NP (PP of (NP (NP (QP 2 % to 3 % )QP )NP (NP a month )NP )NP )PP )NP )VP )VP (S (ADVP just )ADVP (VP to (VP get (S (NP investors )NP (VP to (VP hold (PRT on )PRT (PP to (NP its paper )NP )PP )VP )VP )S )VP )VP )S )VP )S )VP )VP . )S  STOP
(S (NP (QP About $ 70 billion )QP )NP (VP is (VP estimated (S (VP to (VP be (VP tied (PRT up )PRT (PP in (NP (NP the short-term money market )NP , (SBAR (WHNP which )WHNP (S (VP acts (PP both as (NP (NP (NP a hedge )NP (PP against (NP inflation )NP )PP (PP for (NP consumers )NP )PP )NP and (NP (NP an *UNK )NP (PP of (NP inflation and deficits )NP )PP (PP for (NP the government )NP )PP )NP )NP )PP )VP )S )SBAR )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S (PP By (NP some estimates )NP )PP , (NP (NP Brazil 's )NP (NX (NX internal debt )NX , or (NX combined public deficit )NX )NX , )NP (VP could (VP reach (NP (NP 6.5 % )NP (PP of (NP its (ADJP (QP $ *UNKN billion )QP )ADJP gross domestic product )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Much )NP (PP of (NP the money )NP )PP )NP (VP goes (PP into (NP (NP subsidies )NP or (S (VP keeping (S (NP *UNK *UNKED companies )NP (VP operating )VP )S )VP )S )NP )PP )VP . )S  STOP
(SINV (PP Among (NP the results )NP )PP (VP is )VP (NP (NP a frequent *UNK )NP (PP of (NP public services )NP )PP )NP . )SINV  STOP
(S (NP (NP It )NP )NP (VP 's not (ADJP *UNK )ADJP (S (VP (VP to (VP wait (NP three minutes )NP (PP for (NP a *UNK tone )NP )PP (PP after (S (VP picking (PRT up )PRT (NP the telephone )NP )VP )S )PP )VP )VP , and (VP (ADVP then )ADVP to (VP be (VP *UNKED (PP by (NP a busy signal )NP )PP (PP before (S (VP *UNKING (VP *UNKING (NP the number )NP )VP )VP )S )PP )VP )VP )VP )VP )S )VP . )S  STOP
(S (NP Officials )NP (ADVP also )ADVP (VP say (SBAR (S (NP a national electricity shortage )NP (VP might not (VP be (ADVP far off )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Economists )NP , (NP businessmen )NP and (NP some politicians )NP )NP (VP agree (SBAR that (S (NP the answer )NP (VP is (NP (NP an *UNK economic *UNK program )NP (PP including (NP (NP reduced state spending )NP ; (S (VP focusing (NP spending )NP (PP on (NP (NP *UNK areas )NP (PP such as (NP education , health and *UNK )NP )PP )NP )PP )VP )S ; (S (VP turning (S (NP state companies )NP (ADJP private )ADJP )S )VP )S ; (S (VP *UNKING (NP the tax system )NP )VP )S , (S (VP raising (NP public service rates )NP (S (VP to (VP match (NP costs )NP )VP )VP )S )VP )S ; and (ADVP possibly )ADVP (NP (NP a temporary wage and price *UNK )NP and (NP (NP a *UNK )NP (PP of (NP the *UNK )NP )PP )NP )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Analysts )NP (ADVP also )ADVP (VP say (SBAR (S (NP (NP it )NP )NP (VP 's (ADJP *UNK )ADJP (SBAR that (S (NP Brazil )NP (VP will (VP seek (S (VP to (VP *UNK (NP (NP its (ADJP (QP $ *UNKN billion )QP )ADJP foreign debt )NP , (SBAR (WHPP on (WHNP which )WHNP )WHPP (S (NP it )NP (VP suspended (NP (NP interest payments )NP )NP (NP last month )NP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Analysts )NP (VP say , (ADVP however )ADVP , (SBAR that (S (NP a tough economic program )NP (VP would (VP have (S (VP to (VP be (VP accompanied (PP by (NP (NP measures )NP (SBAR (S (VP to (VP *UNK (NP the poor )NP (PP from (NP its *UNK effects )NP )PP , (PP for (NP instance )NP )PP (PP by (S (VP *UNKING (NP *UNK food items )NP )VP )S )PP )VP )VP )S )SBAR )NP )PP )VP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (QP About 80 )QP % )NP (PP of (NP (NP Brazil 's )NP voters )NP )PP )NP (VP are (VP believed (S (VP to (VP live (PP near (NP the poverty level )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (PP Of (NP (NP the three candidates )NP (PP with (NP (NP a serious chance )NP (PP of (S (VP winning )VP )S )PP )NP )PP )NP )PP , (NP Mr. *UNKC )NP (VP comes (ADVP *UNK (PP to (S (VP *UNKING (NP (NP the sort )NP (PP of (NP measures )NP )PP (SBAR (WHNP that )WHNP (S (NP economists )NP (VP say (SBAR (S (VP are (ADJP necessary )ADJP )VP )S )SBAR )VP )S )SBAR )NP )VP )S )PP )ADVP )VP . )S  STOP
(S But (NP his *UNK )NP (VP raises (NP doubts (SBAR that (S (NP he )NP (VP would (VP have (NP the political power (S (VP to (VP carry (NP them )NP (PRT out )PRT )VP )VP )S )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP The *UNK- Mr. *UNKC )NP (VP has (VP (VP been (ADJP *UNK (PP about (NP his *UNK )NP )PP )ADJP )VP and (VP (ADVP often )ADVP (ADJP *UNK )ADJP (PP in (NP his *UNK )NP )PP )VP )VP )VP )S , but (S (NP analysts )NP (VP say (SBAR (S (NP he )NP (ADVP probably )ADVP (VP would (VP be (ADJP *UNK )ADJP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP (NP Mr. *UNK *UNKC )NP , (NP a *UNK- former factory worker and labor leader )NP , )NP (VP is (NP the (ADJP most radical )ADJP )NP , (S (VP (VP *UNKING (S (VP to (VP *UNK (NP (NP payments )NP (PP on (NP the foreign debt )NP )PP )NP )VP )VP )S )VP and (VP saying (SBAR (S (NP he )NP `` (VP would n't (VP go (ADVP around )ADVP (S (VP putting (NP the country )NP (PP up (PP for (NP (NP sale )NP (PP to (NP the highest bidder )NP )PP )NP )PP )PP )VP )S )VP )VP )S )SBAR )VP )VP )S )VP . '' )S  STOP
(S But (PP despite (NP (NP the differences )NP (PP in (SBAR (WHNP what )WHNP (S (NP they )NP (VP say )VP )S )SBAR )PP )NP )PP , (PP according (PP to (NP (NP some analysts )NP (ADVP here )ADVP )NP )PP )PP , (NP economic *UNK )NP (VP mean (SBAR (S (NP the next president )NP (VP may not (VP have (NP (NP many choices )NP (PP about (SBAR (WHNP what )WHNP (S (NP he )NP (VP does )VP )S )SBAR )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Hospital *UNKC )NP (VP *UNKC (NP Kentucky *UNKC )NP )VP )S  STOP
(SBARQ (WHNP *UNKC )WHNP (SQ (VP *UNK (NP (NP (NP the best *UNK )NP (PP for (NP *UNK health costs )NP )PP )NP : (NP competition or regulation )NP )NP )VP )SQ ? )SBARQ  STOP
(S (NP The question )NP (VP is (PP at (NP (NP the *UNK )NP (PP of (NP (NP a *UNK )NP (PP between (NP (NP (NP Humana Inc. )NP , (NP the big *UNK- hospital and insurance company )NP )NP , and (NP (NP its *UNK- *UNK )NP (PP in (NP (NP its home state )NP (PP of (NP Kentucky )NP )PP )NP )PP )NP )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP The battle )NP (VP *UNK (PP on (NP (NP (NP the state 's )NP *UNKED law )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP (NP investment )NP (PP in (NP new medical technology )NP )PP )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The law )NP (VP has (VP prevented (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP unnecessary expenditures )NP )PP )NP (PP since (NP 1986 )NP )PP , (PP according (PP to (NP (NP William S. Conn )NP , (NP (NP president )NP (PP of (NP the Kentucky Hospital Association )NP )PP )NP )NP )PP )PP )VP )VP . )S  STOP
(S But (PP according (PP to (NP (NP David Jones )NP , (NP (NP Humana 's )NP chief executive )NP )NP )PP )PP , (NP it )NP (VP (VP *UNK (NP technology *UNK )NP )VP , (VP *UNK (NP *UNK )NP )VP and (VP raises (NP prices )NP )VP )VP . )S  STOP
(S (SBAR If (S (NP the *UNKC )NP (VP does n't (VP repeal (NP (NP the law )NP , (ADJP due (PP for (NP *UNK )NP )PP (PP in (NP 1990 )NP )PP )ADJP , )NP )VP )VP )S )SBAR (NP Mr. Jones )NP (VP says (SBAR (S (NP Humana )NP (VP may (VP move (NP (NP its insurance operations )NP , (PP including (NP (NP 3,000 jobs )NP (PP in (NP Louisville )NP )PP )NP )PP , )NP (PP to (NP another state )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP complains (SBAR that (S (NP it )NP (VP paid (NP (QP $ 10 million )QP )NP (PP to (NP *UNK- hospitals )NP )PP (PP in (NP its latest fiscal year )NP )PP (PP for (NP (NP services )NP (VP provided (PP to (NP its insurance plan members )NP )PP )VP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S But (NP Humana )NP (VP says (SBAR (S (NP its own facilities )NP (VP could (VP serve (NP its insured )NP (PP for (NP less )NP )PP (SBAR if (S (NP they )NP (VP were (ADJP properly *UNKED )ADJP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Conn )NP (VP charges (SBAR that (S (NP (NP Humana 's )NP own actions )NP (VP *UNK (NP its argument )NP )VP )S )SBAR )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP (NP a hospital )NP (PP in (NP *UNKC )NP )PP )NP (VP installed (NP a *UNK )NP (NP last year )NP )VP )S )SBAR , (NP (NP demand )NP (PP for (NP a similar *UNK- *UNKING machine )NP )PP (PP at (NP (NP a Humana hospital )NP (PP in (NP Louisville )NP )PP )NP )PP )NP (VP fell (NP 34 % )NP )VP . )S  STOP
(S (NP The Humana hospital )NP (VP (VP responded (PP by (S (VP *UNKING (PRT up )PRT (NP prices )NP (S (VP to (VP make (PRT up )PRT (PP for (NP lost revenue )NP )PP )VP )VP )S )VP )S )PP )VP (PRN , (S (NP Mr. Conn )NP (VP says )VP )S , )PRN and (VP (ADVP now )ADVP charges (NP (QP as much as $ *UNKN )QP )NP (PP for (NP (NP the *UNK )NP , (SBAR (WHNP which )WHNP (S (VP costs (ADVP only )ADVP (NP (QP about $ *UNKN )QP )NP (PP in (NP Lexington )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP Humana )NP (VP contends (SBAR (SBAR that (S (NP $ 8,000 )NP (VP represents (NP an extreme case )NP )VP )S )SBAR and (SBAR that (S (NP (NP its regular charge )NP (PP for (NP *UNK )NP )PP )NP (VP is (NP $ *UNKN )NP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP (NP another hospital 's )NP proposal )NP (PP for (NP a *UNK- *UNK )NP )PP )NP (VP is (ADJP pending )ADJP (PP before (NP (NP the board )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP the *UNKED law )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP Humana )NP , (SBAR (WHNP which )WHNP (S (VP wants (S (VP to (VP acquire (NP (NP one )NP (PP of (NP the new machines )NP )PP )NP (NP itself )NP )VP )VP )S )VP )S )SBAR , )NP (VP is (PP on (NP the record )NP )PP (PP as (ADJP opposed (PP to (NP the proposal )NP )PP )ADJP )PP )VP . )S  STOP
(S (NP *UNKED *UNKC )NP (VP *UNKC (NP Financial Security )NP )VP )S  STOP
(S (NP *UNKC experts )NP (VP have (ADVP long )ADVP (VP worried (SBAR that (S (NP (NP young doctors )NP (VP emerging (PP from (NP medical school )NP )PP (PP with (NP (NP a mountain )NP (PP of (NP debt )NP )PP )NP )PP )VP )NP (VP will (VP choose (NP (NP *UNK )NP (PP in (NP (NP *UNKING *UNK )NP (PP instead of (NP (NP primary care )NP , (SBAR (WHADVP where )WHADVP (S (NP more *UNK )NP (VP are (VP needed (ADVP most )ADVP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP Now )ADVP (NP there )NP (VP 's (NP (NP a new *UNK )NP )NP (PP in (SBAR (WHNP what )WHNP (S (NP young doctors )NP (VP want )VP )S )SBAR )PP : (S (NP (NP (QP More than half )QP )NP (PP of (NP 300 residents )NP )PP (VP responding (PP to (NP recent survey )NP )PP )VP )NP (VP said (SBAR (S (NP they )NP (VP 'd (VP prefer (NP a guaranteed salary )NP (PP over (NP traditional *UNK- compensation )NP )PP (PP in (NP their first professional position )NP )PP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S And (NP 81 % )NP (VP preferred (NP a group practice or health maintenance organization )NP , (SBAR while (S (NP (QP just 11 )QP % )NP (VP favored (NP *UNK practice )NP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (ADVP (NP *UNKC years )NP ago )ADVP , (NP a *UNK )NP (VP would (VP (VP go (PP to (NP a town )NP )PP )VP and (VP take (PRT out )PRT (NP a loan )NP (PRN -LRB- (S (VP to (VP start (NP a practice )NP )VP )VP )S -RRB- )PRN )VP )VP )VP )S , '' (VP says )VP (NP (NP James *UNKC )NP , (NP (NP president )NP (PP of (NP (NP *UNKC , *UNKC & Associates )NP , (NP (NP an (NAC *UNKC , Calif. , )NAC *UNK *UNK )NP (SBAR (WHNP that )WHNP (S (VP conducted (NP the survey )NP )VP )S )SBAR )NP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP They )NP (VP wo n't (VP do (NP that )NP (ADVP very often )ADVP (NP today )NP (ADVP at all )ADVP )VP )VP . )S  STOP
(S (NP They )NP (VP 're (VP looking (PP for (NP (NP something )NP (SBAR (WHNP that )WHNP (S (VP 's (ADJP very safe )ADJP )VP )S )SBAR )NP )PP )VP )VP . '' )S  STOP
(FRAG (NP (NP The numbers )NP (PP behind (NP such fears )NP )PP )NP : (SINV (S (NP (NP The average debt )NP (PP of (NP (NP medical school *UNK )NP (SBAR (WHNP who )WHNP (S (VP borrowed (S (VP to (VP pay (PP for (NP their education )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )NP (VP jumped (NP 10 % )NP (PP to (NP $ *UNKN )NP (NP this year )NP )PP (PP from (NP $ *UNKN )NP (PP in (NP 1988 )NP )PP )PP )VP )S , (VP says )VP (NP (NP the Association )NP (PP of (NP American Medical *UNKC )NP )PP )NP )SINV . )FRAG  STOP
(S (NP That )NP (VP 's (ADJP (ADJP (NP *UNKN % )NP more )ADJP (PP than (PP in (NP 1981 )NP )PP )PP )ADJP )VP . )S  STOP
(S (NP Money )NP (VP is n't (NP (NP the only reason )NP (PP for (NP (NP the shift )NP (PP in (NP practice *UNK )NP )PP )NP )PP )NP )VP . )S  STOP
(SINV (S (NP It )NP (VP reflects (NP (NP values )NP (PP of (NP (NP a generation )NP (SBAR (WHNP that )WHNP (S (VP wants (NP (NP more time )NP (PP for (NP (NP families )NP and (NP personal interests )NP )NP )PP )NP )VP )S )SBAR )NP )PP )NP )VP )S , (VP says )VP (NP (NP John H. *UNKC III )NP , (SBAR (WHNP who )WHNP (S (VP *UNK (NP *UNK- *UNK )NP (PP for (NP *UNKC International )NP )PP )VP )S )SBAR )NP . )SINV  STOP
(S `` (S (NP This )NP (VP is (NP (NP a change )NP (PP in (NP (NP the social *UNK )NP (PP of (NP *UNK )NP )PP )NP )PP )NP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP *UNKED *UNKC )NP (VP *UNKC (NP Hospital *UNKC )NP )VP )S  STOP
(S (SBAR (WHADVP *UNKC )WHADVP (S (NP *UNKC *UNKC )NP (VP spent (NP several weeks )NP (PP at (NP (NP the Medical Center )NP (PP of (NP Vermont )NP )PP )NP )PP (ADVP recently )ADVP (PP with (NP (NP a *UNK *UNK )NP (PP in (NP her *UNK )NP )PP )NP )PP )VP )S )SBAR , (NP she )NP (VP shared (NP a room )NP (PP just like (NP most patients )NP )PP )VP . )S  STOP
(S But (PP unlike (NP most patients )NP )PP , (NP her *UNK )NP (VP was (NP her husband )NP )VP . )S  STOP
(S `` (S (NP (NP It )NP )NP (VP was (ADVP certainly )ADVP (ADJP good )ADJP (S (VP to (VP have (S (NP him )NP (ADJP *UNK )ADJP )S )VP )VP )S )VP )S , '' (NP Mrs. *UNKC )NP (VP says )VP . )S  STOP
(S (NP The *UNKED `` cooperative care '' unit )NP (VP is (NP (NP one )NP (PP of (NP (NP (QP about 18 )QP )NP (ADVP nationwide )ADVP (SBAR (WHADVP where )WHADVP (S (NP a family member or friend )NP (VP helps (VP care (PP for (NP (NP a patient )NP (PP in (NP the hospital )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(SINV `` (S (NP The philosophy )NP (VP is (S (VP to (VP make (S (NP (NP the patient )NP and (NP the family )NP )NP (ADJP very responsible (PP for (NP (NP a portion )NP (PP of (NP their own care )NP )PP )NP )PP )ADJP )S )VP )VP )S )VP )S , '' (VP says )VP (NP (NP Anthony J. *UNKC )NP , (NP (NP medical director )NP (PP of (NP cooperative care )NP )PP (PP at (NP (NP New York University Medical Center )NP , (SBAR (WHADVP where )WHADVP (S (NP the concept )NP (VP began (ADVP (NP 10 years )NP ago )ADVP )VP )S )SBAR )NP )PP )NP )NP . )SINV  STOP
(S `` (S (NP It )NP (VP helps (NP (NP us )NP , and (NP them )NP )NP , (SBAR while (S (NP they )NP (VP 're (ADVP here )ADVP )VP )S )SBAR )VP )S , and (S (NP it )NP (ADVP certainly )ADVP (VP makes (S (NP them )NP (NP a better health-care team )NP (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP get (ADVP home )ADVP )VP )S )SBAR )S )VP )S . '' )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP *UNK (NP money )NP )VP . )S  STOP
(S (SBAR Because (S (NP patients )NP (VP require (NP (NP less attention )NP (PP from (NP (NP *UNK )NP and (NP other staff )NP )NP )PP )NP )VP )S )SBAR , (NP room charges )NP (VP are (ADJP (ADJP lower )ADJP -- (ADJP (ADJP (NP (QP about $ 100 )QP )NP less (PP per (NP day )NP )PP )ADJP (PP than (NP (NP a regular room )NP (PP at (NP the Vermont hospital )NP )PP )NP )PP )ADJP )ADJP )VP . )S  STOP
(S (NP (NP (NP Cancer patients )NP (VP *UNKING (NP prolonged radiation *UNK )NP )VP )NP , (NP (NP diabetics )NP (VP learning (S (VP to (VP manage (NP their blood sugar levels )NP )VP )VP )S )VP )NP , and (NP *UNK *UNK patients )NP )NP (VP are (PP among (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP spend (NP time )NP (PP on (NP *UNK- units )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The approach )NP (VP has (VP generated (NP (NP (ADJP so much )ADJP interest )NP (SBAR that (S (NP *UNKC )NP (VP is (NP (NP host )NP (PP to (NP (NP the first conference )NP (PP on (NP cooperative care )NP )PP (NP Nov. 30 )NP )NP )PP )NP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S `` (S (NP It )NP (VP 's (ADVP really )ADVP (NP (NP part )NP (PP of (NP (NP the hospital )NP (PP of (NP the *UNK century )NP )PP )NP )PP )NP )VP )S , '' (NP Dr. *UNKC )NP (VP says )VP . )S  STOP
(NP *UNKC and *UNKC )NP  STOP
(S (S (NP THE *UNKC *UNKC officer )NP (VP can (VP be (ADJP responsible (PP for (NP (NP (QP more than 1,000 )QP employees )NP and (NP (NP (QP at least one-third )QP )NP (PP of (NP (NP a hospital 's )NP budget )NP )PP )NP )NP )PP )ADJP )VP )VP )S ; (S (NP a head *UNK )NP (ADVP typically )ADVP (VP oversees (NP (NP (QP up to 80 )QP employees )NP and (NP (QP $ 8 million )QP )NP )NP )VP )S . )S  STOP
(SINV (ADVP So )ADVP (VP says )VP (NP (NP the Commonwealth Fund )NP , (NP (NP a New York *UNK )NP (SBAR (WHNP that )WHNP (S (VP 's (VP *UNKING (NP (NP a (ADJP (QP $ 1 million )QP )ADJP project )NP (SBAR (S (VP to (VP develop (NP (NP joint *UNK )NP (PP in (NP business and *UNKING programs )NP )PP )NP (PP at (NP 10 *UNK )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )NP ... . )SINV  STOP
(S (NP (NP *UNKC Medical College )NP (PP in (NP (NP *UNKC )NP , (NP *UNKC )NP , )NP )PP )NP (VP *UNK (NP (NP a new research publication )NP )NP (PP in (NP the spring )NP )PP : (NP (NP the Journal )NP (PP on (NP (NP Health Care )NP (PP for (NP the (ADJP Poor and *UNKED )ADJP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP A group )NP (PP of (NP Michigan investors )NP )PP )NP (VP (VP has (VP offered (S (VP to (VP buy (NP (NP *UNKC Inc. 's )NP *UNKING Detroit Free Press )NP (PP for (NP (QP $ 68 million )QP )NP )PP )VP )VP )S )VP )VP but (VP has (VP left (S (ADJP unclear )ADJP (SBAR (WHADVP how )WHADVP (S (NP the offer )NP (VP will (VP be (VP financed )VP )VP )VP )S )SBAR )S )VP )VP )VP . )S  STOP
(S (NP The offer )NP (VP came (ADVP just prior (PP to (NP (NP arguments )NP (PP before (NP the U.S. Supreme Court )NP )PP (PP over (SBAR whether (S (NP the Free Press )NP (VP should (VP be (VP allowed (S (VP to (VP enter (PP into (NP (NP a joint operating pact )NP (PP with (NP (NP *UNKC Co. 's )NP Detroit News )NP )PP )NP )PP )VP )VP )S )VP )VP )VP )S )SBAR )PP )NP )PP )ADVP )VP . )S  STOP
(S (NP (NP The group )NP (VP led (PP by (NP (NAC *UNKC , Mich. , )NAC *UNK William D. *UNKC )NP )PP )VP )NP (VP did n't (VP (VP name (NP (NP an investment banker )NP (VP backing (NP the deal )NP )VP )NP )VP or (VP say (SBAR (WHNP how much )WHNP (S (NP its members )NP (VP will (VP contribute (PP to (NP the offer )NP )PP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (ADVP Indeed )ADVP , (NP (NP some individuals )NP (VP identified (PP with (NP the group )NP )PP )VP )NP (VP said (SBAR (S (NP they )NP (VP (VP have n't (VP committed (NP any money )NP (PP to (NP the bid )NP )PP )VP )VP and (VP were n't (ADJP aware (PP of (NP it )NP )PP )ADJP (SBAR until (S (NP they )NP (VP heard (PP about (NP it )NP )PP (PP in (NP local news accounts )NP )PP (PP over (NP the weekend )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP would n't (VP comment (PP on (NP the offer )NP )PP )VP )VP . )S  STOP
(S (NP The company )NP (VP (VP has (VP said (SBAR (S (NP the paper )NP (VP is n't (PP for (NP sale )NP )PP )VP )S )SBAR )VP )VP , and (VP has (VP *UNKED (NP (NP (NP Mr. *UNKC 's )NP earlier requests )NP (PP for (NP (NP access )NP (PP to (NP Free Press financial statements )NP )PP )NP )PP )NP )VP )VP )VP . )S  STOP
(S (PP In (NP (NP his letter )NP (PP to (NP *UNKC President (NP James *UNK *UNKC )NP )NP )PP )NP )PP , (NP Mr. *UNKC )NP (VP said (SBAR (S (NP he )NP (VP arrived (PP at (NP the (ADJP (QP $ 68 million )QP )ADJP figure )NP )PP (S (VP using (NP (NP (NP *UNKC 's )NP corporate financial statements )NP and (NP (NP comments )NP (PP by (NP *UNKC officials )NP )PP (SBAR that (S (NP the Free Press )NP (VP has (NP (NP a (ADJP (QP $ 50 million )QP )ADJP value )NP (PP in (NP *UNK )NP )PP )NP )VP )S )SBAR )NP )NP )VP )S )VP )S )SBAR )VP . )S  STOP
(S But (PP in (NP an interview )NP )PP , (NP Mr. *UNKC )NP (VP said (SBAR (S (NP (NP he )NP and (NP his investment banker )NP )NP (VP would (VP need (NP (NP access )NP (PP to (NP full financial records )NP )PP )NP (PP before (S (VP *UNKING (PRT up )PRT (NP the offer )NP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mitsui & Co. )NP (VP said (SBAR (S (NP it )NP (VP started (NP (NP a joint venture )NP (PP with (NP (NP *UNKC *UNKC Chemical Co. )NP , (NP (NP a major pharmaceutical manufacturer )NP (PP in (NP South Korea )NP )PP )NP , )NP )PP (SBAR (S (VP to (VP manufacture (NP *UNK *UNK )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The new company )NP (VP is (VP *UNKED (PP at (NP (QP about $ 3.5 million )QP )NP )PP )VP )VP . )S  STOP
(S (NP Mitsui )NP (VP expects (S (NP the *UNK products )NP (VP to (VP be (VP *UNKED (PP to (NP (NP *UNKC Asia )NP and (NP Africa )NP )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP hopes (S (VP to (VP enter (NP the U.S. market )NP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC Energy Co. )NP (VP said (SBAR (S (NP it )NP (VP filed (NP materials )NP (PP with (NP the Securities and Exchange Commission )NP )PP (S (VP calling (SBAR for (S (NP it )NP (VP to (VP restructure (PP into (NP a corporation )NP )PP (PP from (NP a limited partnership )NP )PP )VP )VP )S )SBAR )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The partnership )NP (VP said (SBAR (S (NP it )NP (VP is (VP proposing (NP the change )NP (SBAR largely because (S (NP (NP the provisions )NP (PP of (NP its senior notes )NP )PP )NP (VP restrict (NP it )NP (PP from (S (VP making (NP *UNK )NP (PP on (NP (NP its units )NP (ADJP outstanding )ADJP )NP )PP )VP )S )PP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP NRM )NP (VP (VP suspended (NP its common distribution )NP (PP in (NP June 1988 )NP )PP )VP and (VP (NP (NP the distribution )NP (PP on (NP its (ADJP $ 2 )ADJP cumulative convertible acquisition preferred units )NP )PP )NP (PP in (NP September )NP )PP )VP )VP . )S  STOP
(S (S (ADVP However )ADVP , (NP (NP *UNK *UNK )NP (PP on (NP (NP the acquisition )NP (VP preferred )VP )NP )PP )NP (VP (VP are (ADJP cumulative )ADJP )VP and (VP would (VP total (NP (NP (QP $ 23 million )QP )NP (NP a year )NP )NP , (S (VP *UNKING (NP (NP (NP NRM 's )NP financial flexibility )NP and (NP its ability (S (VP to (VP raise (NP capital )NP )VP )VP )S )NP )NP )VP )S )VP )VP )VP )S , (NP NRM )NP (VP said )VP . )S  STOP
(S (PP In (S (VP following (NP (NP several other oil and gas partnerships )NP (SBAR (WHNP that )WHNP (S (VP have (VP made (NP (NP the conversion )NP (PP to (NP a corporation )NP )PP )NP (PP in (NP the last year )NP )PP )VP )VP )S )SBAR )NP )VP )S )PP , (NP NRM )NP (ADVP also )ADVP (VP (VP noted (SBAR that (S (NP (NP tax advantages )NP (PP for (NP partnerships )NP )PP )NP (VP have (VP diminished (PP under (NP new tax laws )NP )PP )VP )VP )S )SBAR )VP and (VP said (SBAR (S (NP it )NP (VP would (VP save (NP (NP $ 2 million )NP (NP a year )NP (PP in (NP administrative costs )NP )PP )NP (PP from (NP the change )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP Under (NP the plan )NP )PP , (NP NRM )NP (VP said (SBAR (S (NP (NP holders )NP (PP of (NP its common units )NP )PP )NP (VP will (VP receive (NP (NP one share )NP (PP of (NP (NP new common stock )NP (PP in (NP *UNKC Resources Corp. )NP )PP )NP )PP )NP (PP for (NP (NP every *UNKN common units )NP (VP owned )VP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP (NP NRM 's )NP (ADJP $ 2 )ADJP cumulative convertible acquisition preferred units )NP )PP )NP (VP will (VP receive (NP (NP one new common share )NP (PP in (NP *UNKC )NP )PP )NP (PP for (NP (NP every *UNKN units )NP (SBAR (S (NP they )NP (VP own )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (PP After (NP the transaction )NP )PP , (S (NP current common *UNK )NP (VP will (VP own (NP (NP (QP about *UNKN )QP % )NP (PP of (NP *UNKC )NP )PP )NP )VP )VP )S , (S (NP current acquisition preferred holders )NP (VP will (VP own (NP *UNKN % )NP )VP )VP )S , and (S (NP (NP current stockholders )NP (PP of (NP *UNKC )NP )PP )NP (VP will (VP own (NP (NP (QP about 6.4 )QP % )NP , (NP (NP about the same stake )NP (SBAR as (S (NP Edisto )NP (VP owns (ADVP now )ADVP (PP in (NP NRM )NP )PP )VP )S )SBAR )NP )NP )VP )VP )S . )S  STOP
(S (NP Edisto )NP (ADVP currently )ADVP (VP is (NP (NP the general partner )NP (PP of (NP NRM )NP )PP )NP )VP . )S  STOP
(S (PP As (NP (NP the largest holder )NP (PP of (NP acquisition preferred units )NP )PP )NP )PP , (NP Mesa Limited Partnership )NP (VP would (VP own (NP (NP (QP about 28 )QP % )NP (PP of (NP Edisto )NP )PP )NP (PP after (NP the transaction )NP )PP )VP )VP . )S  STOP
(S (PP As (NP (NP part )NP (PP of (NP the transaction )NP )PP )NP )PP , (NP Edisto )NP (VP agreed (S (VP to (VP give (NP (NP Mesa )NP , (NP (NP an (NAC *UNKC , Texas , )NAC oil and gas partnership )NP (VP managed (PP by (NP T. *UNKC *UNKC Jr. )NP )PP )VP )NP , )NP (NP (NP a seat )NP (PP on (NP its board )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP NRM )NP (VP said (SBAR (S (NP its (ADJP $ *UNKN )ADJP senior cumulative convertible preferred units )NP (VP will (VP be (VP converted (PP into (NP (NP an equal number )NP (PP of (NP (NP shares )NP (PP of (NP (NP (ADJP $ *UNKN )ADJP senior cumulative convertible preferred stock )NP (PP of (NP Edisto )NP )PP )NP )PP )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The transaction )NP (VP is (ADJP subject (PP to (NP (NP approval )NP (PP of (NP (NP NRM *UNK )NP (PP of (NP record )NP )PP (PP on (NP Oct. 23 )NP )PP )NP )PP , (PP among (NP other conditions )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (NP NRM )NP (VP said (SBAR (S (NP it )NP (VP expects (S (NP *UNK )NP (VP to (VP vote (PP on (NP the restructuring )NP )PP (PP at (NP (NP a meeting )NP (NP Dec. 15 )NP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC Co. )NP and (NP *UNKC Corp. )NP )NP (VP said (SBAR (S (NP they )NP (VP 've (VP discontinued (NP (NP talks )NP (PP toward (NP (NP a definitive agreement )NP (PP regarding (NP (NP (NP *UNKC ' )NP acquisition )NP (PP of (NP (NP *UNKC 's )NP chemical *UNKING group )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The companies )NP (VP reached (NP (NP an agreement )NP (PP in (NP principle )NP )PP (PP for (NP the sale )NP )PP )NP (PP in (NP August )NP )PP )VP . )S  STOP
(S (NP Terms )NP (VP were n't (VP disclosed )VP )VP . )S  STOP
(S (NP *UNKED *UNKC )NP (VP produces (NP *UNK and *UNK )NP , (SBAR while (S (NP the (ADJP Los Angeles-based )ADJP *UNKC *UNK group )NP (VP produces (NP industrial *UNK )NP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Corp. )NP (VP (VP agreed (S (VP to (VP sell (NP (NP its headquarters building )NP (ADVP here )ADVP )NP (PP to (NP (NP Manufacturers Life Insurance Co. )NP (PP of (NP Toronto )NP )PP )NP )PP )VP )VP )S )VP , and (VP will (VP lease (NP the *UNK- facility )NP (SBAR until (S (NP it )NP (VP moves (PP to (NP a new quarters )NP )PP (PP in (NP 1992 )NP )PP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP The *UNK- concern )NP (VP did n't (VP disclose (NP (NP terms )NP (PP of (NP (NP the sale )NP , (SBAR (WHNP which )WHNP (S (VP will (VP close (PP in (NP (NP the first quarter )NP (PP of (NP next year )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(SINV (S (NP (NP Proceeds )NP (PP from (NP (NP the planned sale )NP (PP of (NP the *UNK- building )NP )PP )NP )PP )NP `` (VP will (VP help (S (VP reduce (NP (NP the debt )NP (VP incurred (PP as (NP (NP a result )NP (PP of (NP our July 1988 recapitalization )NP )PP )NP )PP )VP )NP )VP )S )VP )VP )S , '' (VP said )VP (NP a *UNKC official )NP . )SINV  STOP
(S (NP (NP The (ADJP recently *UNKED )ADJP *UNK )NP (PP among (NP small investors )NP )PP (PP for (NP stock mutual funds )NP )PP )NP (VP has (VP been (VP *UNKED (PP by (NP (NP a *UNK stock market )NP and (NP (NP the *UNK )NP (PP over (NP program trading )NP )PP )NP )NP )PP )VP )VP )VP . )S  STOP
(S (PP After (S (VP *UNKING (NP two-year highs )NP (NP this summer )NP )VP )S )PP , (NP (NP net sales )NP (PP of (NP stock funds )NP )PP )NP (VP slowed (PP in (NP September )NP )PP , (PP according (PP to (NP (NP the Investment Company Institute )NP , (NP a trade group )NP )NP )PP )PP )VP . )S  STOP
(S (S (NP The sales recovery )NP (VP *UNKED (PP to (NP a halt )NP )PP (NP this month )NP )VP )S , (NP some analysts )NP (VP say )VP . )S  STOP
(SINV `` (S (NP *UNKC )NP (VP was (VP starting (S (VP to (VP come (ADVP back )ADVP )VP )VP )S (SBAR because (S (NP we )NP (VP did n't (VP have (NP (ADJP *UNKLY volatile )ADJP days )NP )VP )VP )S )SBAR )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP research director )NP (PP for (NP (NP *UNKC *UNKC *UNKC & Co. )NP , (NP a Boston research firm )NP )NP )PP )NP )NP . )SINV  STOP
(S `` (ADVP Now )ADVP (NP (NP everything )NP (PRN '' -- (PP such as (NP (NP program trading )NP and (NP wide stock market swings )NP )NP )PP -- `` )PRN (SBAR that (S (NP everyone )NP (VP had (VP pushed (ADVP back (PP in (NP their *UNK )NP )PP )ADVP )VP )VP )S )SBAR )NP (VP is (ADVP just )ADVP (VP sitting (ADVP right there )ADVP )VP )VP . '' )S  STOP
(S (S (NP (NP Net sales )NP (PP of (NP stock funds )NP )PP (PP in (NP September )NP )PP )NP (VP totaled (NP (QP $ *UNKN million )QP )NP , (ADVP down (PP from (NP (QP $ 1.1 billion )QP )NP (PP in (NP August )NP )PP )PP )ADVP )VP )S , (NP the institute )NP (VP said )VP . )S  STOP
(S But (SBAR if (S (NP *UNKED dividends )NP (VP are (VP *UNKED )VP )VP )S )SBAR , (NP investors )NP (VP put (ADVP in )ADVP (NP (NP (ADJP (NP (QP only $ *UNKN million )QP )NP more )ADJP )NP (SBAR than (S (NP they )NP (VP pulled (PRT out )PRT (PP for (NP the month )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP (NP (NP October 's )NP numbers )NP , (SBAR (WHNP which )WHNP (S (VP wo n't (VP be (VP released (PP for (NP a month )NP )PP )VP )VP )VP )S )SBAR , )NP (VP are (ADVP down )ADVP (ADVP further )ADVP )VP )S , (NP mutual fund executives )NP (VP say )VP . )S  STOP
(S (NP (NP Investors )NP (PP in (NP stock funds )NP )PP )NP (VP did n't (VP panic (NP (NP the weekend )NP (PP after (NP (NP mid-October 's )NP 190-point market plunge )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Most )NP (PP of (NP (NP the those )NP (SBAR (WHNP who )WHNP (S (VP left (NP stock funds )NP )VP )S )SBAR )NP )PP )NP (ADVP simply )ADVP (VP switched (PP into (NP money market funds )NP )PP )VP . )S  STOP
(S And (NP some fund groups )NP (VP said (SBAR (S (NP investors )NP (ADVP actually )ADVP (VP became (NP net buyers )NP )VP )S )SBAR )VP . )S  STOP
(S But (NP the stock market swings )NP (VP have (VP continued )VP )VP . )S  STOP
(S (S (NP (NP The recent outcry )NP (PP over (NP program trading )NP )PP )NP (VP will (VP cast (NP a *UNK )NP (PP over (NP the *UNK- environment )NP )PP (PP in (NP the coming months )NP )PP )VP )VP )S , (NP some analysts )NP (VP say )VP . )S  STOP
(S `` (S (NP The public )NP (VP is (ADVP very close (PP to (S (VP having (VP had (NP it )NP )VP )VP )S )PP )ADVP )VP )S , '' (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S (NP Investors )NP (VP pulled (PRT back )PRT (PP from (NP bond funds )NP )PP (PP in (NP September )NP )PP , (ADVP too )ADVP )VP . )S  STOP
(S (NP (NP Net sales )NP (PP of (NP bond funds )NP )PP (PP for (NP the month )NP )PP )NP (VP totaled (NP (QP $ 1.1 billion )QP )NP , (ADVP down (NP two-thirds )NP (PP from (NP (QP $ 3.1 billion )QP )NP (PP in (NP August )NP )PP )PP )ADVP )VP . )S  STOP
(NP (NP The major reason )NP : (NP (NP heavy *UNK )NP (PP from (NP high-risk , high-yield junk bond funds )NP )PP )NP . )NP  STOP
(S (NP (NP Big withdrawals )NP (PP from (NP the junk funds )NP )PP )NP (VP have (VP continued (NP this month )NP )VP )VP . )S  STOP
(S (S (ADVP Overall )ADVP , (NP (NP net sales )NP (PP of (NP (NP all mutual funds )NP , (PP excluding (NP money market funds )NP )PP , )NP )PP )NP (VP fell (PP to (NP (QP $ 1.9 billion )QP )NP (PP in (NP September )NP )PP )PP (PP from (NP (QP $ 4.2 billion )QP )NP (PP in (NP August )NP )PP )PP )VP )S , (NP the trade group )NP (VP said )VP . )S  STOP
(SINV `` (S (NP (NP Small net *UNK )NP (PP into (NP stock and bond funds )NP )PP )NP (VP were (VP offset (PP by (NP (NP slight declines )NP (PP in (NP (NP the value )NP (PP of (NP mutual fund stock and bond portfolios )NP )PP )NP )PP '' (VP stemming (PP from (NP falling prices )NP )PP )VP )NP )PP )VP )VP )S , (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP the institute 's )NP chief economist )NP )NP . )SINV  STOP
(S (NP Many small investors )NP (VP went (PP for (NP (NP the safety )NP (PP of (NP money market funds )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP of (NP (NP these )NP and (NP other short-term funds )NP )NP )PP )NP (VP surged (NP (QP more than $ 5 billion )QP )NP (PP in (NP September )NP )PP )VP )S , (NP the institute )NP (VP said )VP . )S  STOP
(S (NP Analysts )NP (VP say (SBAR (S (NP additional investors )NP (VP transferred (NP their assets )NP (PP into (NP money funds )NP )PP (NP this month )NP )VP )S )SBAR )VP . )S  STOP
(SINV (S (PP At (NP (NP Fidelity Investments )NP , (NP (NP the nation 's )NP largest fund group )NP , )NP )PP (NP money funds )NP (VP continue (S (VP to (VP draw (NP the most business )NP )VP )VP )S )VP )S , (VP says )VP (NP (NP Michael *UNKC )NP , (NP (NP vice president )NP , (NP marketing )NP )NP )NP . )SINV  STOP
(S (S (PP In (NP October )NP )PP , (NP (NP net sales )NP (PP of (NP stock funds )NP )PP (PP at (NP Fidelity )NP )PP )NP (VP dropped (ADVP sharply )ADVP )VP )S , (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S But (NP he )NP (VP *UNKED (SBAR that (S (NP (NP new accounts )NP , (NP new sales )NP , (NP inquiries )NP and (NP (NP subsequent sales )NP (PP of (NP stock funds )NP )PP )NP )NP (VP are all (ADVP up (NP this month )NP (PP from (NP (NP September 's )NP level )NP )PP )ADVP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Investor interest )NP (PP in (NP stock funds )NP )PP )NP `` (VP has n't (VP stalled (ADVP at all )ADVP )VP )VP )S , '' (NP Mr. *UNKC )NP (VP *UNK )VP . )S  STOP
(S (NP He )NP (VP notes (SBAR that (S (NP (NP most )NP (PP of (NP the net sales drop )NP )PP )NP (VP stemmed (PP from (NP (NP a *UNK- period )NP (PP following (NP the (NAC Friday the *UNK )NAC plunge )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S `` (S (SBAR If (S (NP that )NP (VP follows (PP through (NP next month )NP )PP )VP )S )SBAR , (ADVP then )ADVP (NP it )NP (VP will (VP be (NP a different story )NP )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S But , (NP Mr. *UNKC )NP (VP adds , (SBAR (S (NP (NP sales )NP `` (VP based (PP on (NP (NP a few days ' )NP events )NP )PP )VP )NP (VP do n't (VP tell (NP you )NP (NP (NP much )NP (PP about (NP (NP October 's )NP trends )NP )PP )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP One trend )NP (SBAR (WHNP that )WHNP (S (VP continues )VP )S )SBAR )NP (VP is (NP (NP growth )NP (PP in (NP (NP the money )NP (VP invested (PP in (NP funds )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(S (S (VP *UNKED (PP by (NP (NP the continued *UNK )NP (PP into (NP money funds )NP )PP )NP )PP )VP )S , (NP (NP assets )NP (PP of (NP all mutual funds )NP )PP )NP (VP *UNKED (PP to (NP a record (QP $ *UNKN billion )QP )NP )PP (PP in (NP September )NP )PP , (ADVP up (ADVP *UNKLY )ADVP (PP from (NP (QP $ *UNKN billion )QP )NP (PP in (NP August )NP )PP )PP )ADVP )VP . )S  STOP
(S (NP *UNKC managers )NP , (ADVP meantime )ADVP , (VP went (PP into (NP October )NP )PP (PP with (NP (NP less cash )NP (PP on (NP hand )NP )PP (SBAR than (S (NP they )NP (VP held (NP earlier this year )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP These managers )NP (VP held (NP (NP (NP *UNKN % )NP (PP of (NP assets )NP )PP (PP in (NP cash )NP )PP )NP (PP at (NP (NP the end )NP (PP of (NP September )NP )PP )NP )PP )NP , (ADVP down (PP from (NP (NP (NP *UNKN % )NP (PP in (NP August )NP )PP )NP and (NP (NP *UNKN % )NP (PP in (NP September 1988 )NP )PP )NP )NP )PP )ADVP )VP . )S  STOP
(S (NP *UNKC cash positions )NP (VP (VP help (VP *UNK (NP funds )NP (PP from (NP market declines )NP )PP )VP )VP but (VP can (VP cut (PRT down )PRT (PP on (NP gains )NP )PP (PP in (NP rising markets )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP Managers )NP (PP of (NP junk funds )NP )PP )NP (VP were (VP *UNKING (NP their cash *UNK )NP (PP after (NP (NP the September cash crunch )NP (PP at (NP Campeau Corp )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC managers )NP (VP raised (NP their cash position )NP (PP to (NP (NP *UNKN % )NP (PP of (NP assets )NP )PP )NP (PP in (NP September )NP )PP )PP (PP from (NP 8.3 % )NP (PP in (NP August )NP )PP )PP )VP . )S  STOP
(S (PP In (NP September 1988 )NP )PP , (NP that level )NP (VP was (NP 9.5 % )NP )VP . )S  STOP
(S (S (NP (NP Investors )NP (PP in (NP all funds )NP )PP )NP (VP will (VP seek (NP safety )NP (PP in (NP the coming months )NP )PP )VP )VP )S , (NP some analysts )NP (VP say )VP . )S  STOP
(S (S (PP Among (NP stock funds )NP )PP , (NP the conservative *UNK- portfolios )NP (ADVP probably )ADVP (VP will (VP remain (ADJP popular )ADJP )VP )VP )S , (NP fund specialists )NP (VP say )VP . )S  STOP
(SINV `` (S (NP There )NP (VP will (VP be (NP (NP a *UNK )NP and possibly (NP (NP greater focus )NP (PP on (NP conservative equity funds )NP )PP )NP )NP , (PP at (NP (NP the expense )NP (PP of (NP (NP growth )NP and (NP aggressive growth funds )NP )NP )PP )NP )PP )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP an analyst )NP (PP at (NP (NP *UNKC *UNKC )NP , (NP a New York *UNK- concern )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP (NAC Secretary (PP of (NP State )NP )PP )NAC Baker )NP (PRN , (S (NP we )NP (VP read )VP )S , )PRN (VP decided (S (VP to (VP kill (NP (NP a speech )NP (SBAR (WHNP that )WHNP (S (NP (NP Robert *UNKC )NP , (NP (NP deputy national security adviser )NP and (NP a career Soviet expert )NP )NP , )NP (VP was (VP going (S (VP to (VP give (PP to (NP (NP a student *UNK )NP , (NP the National *UNKC Security Conference )NP )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (NP We )NP (VP keep (S (VP *UNKING (SBAR (WHNP what )WHNP (S (NP Mr. *UNKC )NP (VP wanted (S (VP to (VP say )VP )VP )S )VP )S )SBAR )VP )S )VP . )S  STOP
(S (ADVP Perhaps )ADVP (NP he )NP (VP might (VP have (VP cited (NP (NP (NP Mr. Gorbachev 's )NP need )NP (PP for `` (NP (NP a stable currency )NP , (NP (ADJP free and competitive )ADJP markets )NP , (NP private property )NP and (NP real prices )NP '' and (NP other *UNK- reforms )NP )NP )PP )NP )VP )VP )VP . )S  STOP
(S (ADVP Perhaps )ADVP (NP he )NP (VP 'd (VP have (VP called (PP for (NP `` (NP a *UNKED (ADJP political and economic )ADJP system )NP '' (PP without (NP a dominant communist party )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(FRAG Or (NP (NP political arrangements )NP (SBAR `` (S (VP to (VP *UNK (NP (NP the *UNK and demands )NP (PP of (NP Soviet *UNK *UNK and *UNK )NP )PP )NP )VP )VP )S )SBAR )NP . '' )FRAG  STOP
(S (INTJ Why )INTJ , (NP a Bob *UNKC )NP (VP might (ADVP even )ADVP (VP have (VP said , `` (SINV Nor are (NP Soviet problems )NP (ADJP *UNK (PP to (NP (NP rescue )NP (PP from (ADVP abroad )ADVP )PP (PP through (NP *UNK Western credits )NP )PP )NP )PP )ADJP )SINV )VP )VP )VP . '' )S  STOP
(S (SBAR If (S (NP Mr. Gates )NP (VP had (VP been (VP allowed (S (VP to (VP say (NP these things )NP )VP )VP )S )VP )VP )VP )S )SBAR , (NP we )NP (VP would (ADVP now )ADVP (VP be (VP hearing (PP about (NP (NP `` *UNK '' and `` *UNK '' )NP (PP on (NP foreign policy )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNK )NP )NP (VP would (VP be (VP raised (SBAR that (S (NP (NP parts )NP (PP of (NP the administration )NP )PP )NP (VP hope (SBAR (S (NP Mr. Gorbachev )NP (VP would (VP fail )VP )VP )S )SBAR )VP )S )SBAR , (SBAR just as (S (NP they )NP (VP were (VP (SBAR (WHADVP when )WHADVP (S (NP Vice President *UNKC )NP (VP *UNKED (NP similar *UNK )NP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP 's (ADVP somehow )ADVP (ADJP *UNK )ADJP (SBAR for (S (NP (NP Secretary Baker )NP (NP himself )NP )NP , (ADVP however )ADVP , (VP to (VP say (NP all the same things )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (PP In (NP fact )NP )PP , (NP he )NP (VP did )VP )S ; (S (NP (NP the quotes )NP (ADVP above )ADVP )NP (VP are (PP from (NP (NP (NP Mr. Baker 's )NP speech )NP (PP of (ADVP (NP two weeks )NP ago )ADVP )PP )NP )PP )VP )S . )S  STOP
(S (ADVP (ADVP So far )ADVP (SBAR as (S (NP we )NP (VP can (VP see )VP )VP )S )SBAR )ADVP , (NP there )NP (VP is (NP (NP no *UNK )NP (PP among (NP (NP Mr. Baker )NP , (NP Mr. *UNKC )NP , (NP (NP the Mr. Gates )NP (SBAR (S (NP we )NP (VP 've (VP read )VP )VP )S )SBAR )NP , or (PP for (NP that matter )NP )PP (NP President Bush )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP They )NP (NP all )NP )NP (VP understand (NP (NP point one )NP : (S (NP (NP Nothing )NP (SBAR (S (NP the U.S. )NP (VP can (VP do )VP )VP )S )SBAR )NP (VP will (VP make (NP (NP much difference )NP (PP in (SBAR whether (S (NP Mr. Gorbachev )NP (VP succeeds (PP with (NP perestroika )NP )PP )VP )S )SBAR )PP )NP )VP )VP )S )NP )VP . )S  STOP
(S (ADVP Perhaps )ADVP (NP Mr. Gates )NP (VP would (VP *UNK (ADVP (ADVP more )ADVP (PP than (NP Mr. Baker )NP )PP )ADVP (NP (NP the many *UNK )NP (SBAR (S (NP the Soviet leader )NP (VP must (VP *UNK (SBAR if (S (NP he )NP (VP is (VP going (S (VP to (VP succeed )VP )VP )S )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S But (NP everyone )NP (VP agrees (SBAR that (S (NP (NP Mr. Gorbachev 's )NP problems )NP (VP result (PP from (NP (NP the failure )NP (PP of (NP his own system )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP can (VP be (VP *UNKED (PP only (PP by (S (VP changing (NP that system )NP )VP )S )PP , not (PP by (S (VP pouring (NP Western money )NP (PP into (NP it )NP )PP )VP )S )PP )PP )VP )VP )VP . )S  STOP
(S (S (NP *UNKC membership )NP (VP will not (VP matter (PP to (NP (NP *UNKC coal *UNK )NP (ADJP short (PP of (NP *UNK )NP )PP )ADJP )NP )PP )VP )VP )S , nor (SINV will (NP a *UNKC treaty )NP (VP make (NP any difference )NP (PP to (NP *UNKC *UNK )NP )PP )VP )SINV . )S  STOP
(S (PP On (NP the other hand )NP )PP , (ADVP (ADVP so long )ADVP (SBAR as (S (NP Mr. Gorbachev )NP (VP is (VP easing (NP (NP his grip )NP (PP on (NP his empire )NP )PP )NP )VP )VP )S )SBAR )ADVP , (NP (NP everyone )NP (SBAR (S (NP we )NP (VP 've (VP heard )VP )VP )S )SBAR )NP (VP agrees (SBAR that (S (NP the U.S. )NP (VP can (VP benefit (PP by (S (VP *UNKING (NP him )NP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(FRAG (SBAR If (S (NP (NP a deal )NP )NP (VP can (VP be (VP made (SBAR (S (VP to (VP cut (NP (NP the world 's )NP *UNKC )NP (S (ADJP loose (PP from (NP Moscow )NP )PP )ADJP )S )VP )VP )S )SBAR )VP )VP )VP )S )SBAR , why not ? )FRAG  STOP
(S (S (NP We )NP (VP do n't (VP expect (NP (NP much good )NP (PP from (NP *UNK- control )NP )PP )NP )VP )VP )S , but (S (NP *UNK- talks )NP (VP might (VP *UNK (NP Eastern Europe )NP )VP )VP )S . )S  STOP
(S (S (NP There )NP (VP 's (NP (NP nothing )NP (ADJP (PP in (NP the least )NP )PP *UNK )ADJP )NP (PP in (NP all this )NP )PP )VP )S , and (S (NP (NP it )NP )NP (VP would (VP be (ADJP nice )ADJP (S (VP to (VP think (SBAR that (S (NP Washington )NP (VP could (VP *UNK (NP a (ADJP *UNKLY sophisticated )ADJP , complex view )NP )VP )VP )S )SBAR )VP )VP )S )VP )VP )S . )S  STOP
(S (ADVP Yet )ADVP (NP (NP much )NP (PP of (NP the political culture )NP )PP )NP (VP seems (NP (NP intent )NP (PP on (S (VP *UNKING (NP the Bush administration )NP (PP for (S not (VP `` helping '' (NP Mr. Gorbachev )NP )VP )S )PP )VP )S )PP )NP )VP . )S  STOP
(S So (NP (NP every time )NP (SBAR (S (NP a Bush official )NP (VP raises (NP (NP a doubt )NP (PP about (NP Mr. Gorbachev )NP )PP )NP )VP )S )SBAR )NP , (S (NP the Washington community )NP (VP *UNK (NP `` (NP *UNKC War )NP '' and `` (NP *UNK )NP )NP )VP )S , '' and (S (NP an administration spokesman )NP (VP is (VP (ADVP quickly )ADVP *UNKED (PRT out )PRT (S (VP to (VP *UNKLY , `` (S (NP Mr. Bush )NP (VP wants (S (NP perestroika )NP (VP to (VP succeed )VP )VP )S )VP )S )VP )VP )S )VP )VP )S . '' )S  STOP
(S (NP Mr. Baker )NP (VP seems (ADJP especially sensitive (PP to (NP (NP the Washington *UNK )NP (VP known (PP as (NP *UNKC )NP )PP )VP )NP )PP )ADJP )VP . )S  STOP
(S (NP Its symptoms )NP (VP include (NP (NP (NP a cold *UNK )NP (PP at (NP (NP the sound )NP (PP of (NP debate )NP )PP )NP )PP )NP , (NP (NP *UNK hands )NP (PP in (NP (NP the face )NP (PP of (NP congressional criticism )NP )PP )NP )PP )NP , and (NP (NP *UNKING *UNK )NP (SBAR (WHADVP when )WHADVP (S (NP someone )NP (VP writes (NP (NP the word )NP `` (NP controversy )NP )NP )VP )S )SBAR )NP )NP )VP . '' )S  STOP
(S (SBAR As (S (NP (NP one *UNKED official )NP (PP (ADVP clearly )ADVP in (NP (NP the late stages )NP (PP of (NP the disease )NP )PP )NP )PP )NP (VP told (NP the Times )NP )VP )S )SBAR : `` (NP Baker )NP (VP (ADVP just )ADVP felt (SBAR that (S (NP there )NP (VP were (NP (NP some lines )NP (PP in (NP the speech )NP )PP (SBAR (WHNP that )WHNP (S (VP could (VP be (VP *UNKED and seized (PP by (NP the press )NP )PP )VP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . '' )S  STOP
(S (PP In (ADJP short )ADJP )PP , (NP the problem )NP (VP is (NP not (NP *UNK- *UNK )NP , but (NP (NP *UNK )NP (PP with (NP the prospect (SBAR that (S (S (NP *UNK )NP (VP might (VP fail )VP )VP )S , and (S (NP its political opponents )NP (VP will (VP ask `` (SBARQ (WHNP Who )WHNP (SQ (VP lost (NP Gorbachev )NP )VP )SQ )SBARQ )VP )VP )S )S )SBAR )NP )PP )NP )NP )VP ? '' )S  STOP
(S (S (NP Mr. Baker )NP (VP may (VP want (S (VP to (VP avoid (NP (NP criticism )NP (PP from (NP Senate Majority Leader George Mitchell )NP )PP )NP )VP )VP )S )VP )VP )S , but (S (PP as (NP (NP Secretary )NP (PP of (NP State )NP )PP )NP )PP (NP his audience )NP (VP is (NP (NP the entire Free World )NP , not just (NP Congress )NP )NP )VP )S . )S  STOP
(S (PP In (NP any case )NP )PP , (NP he )NP (VP 's (ADJP likely (S (VP to (VP find (SBAR that (S (SBAR (X the more )X (S (NP he )NP (VP *UNK (NP his colleagues )NP )VP )S )SBAR , (X the more )X (NP *UNK )NP (VP will (VP (VP pop (PRT up )PRT (PP all around (NP Washington )NP )PP )VP , (NP (NP a *UNK )NP (VP (ADVP once )ADVP learned (PP by (NP Henry *UNKC )NP )PP )VP )NP )VP )VP )S )SBAR )VP )VP )S )ADJP )VP . )S  STOP
(S (S (VP *UNKING (S (NP officials )NP (VP *UNK (NP their own *UNK )NP )VP )S )VP )S (VP can (VP be (ADJP educational )ADJP )VP )VP . )S  STOP
(S (NP We )NP (VP note (SBAR that (S (PP in (NP *UNKC )NP )PP (NP yesterday )NP (NP Defense Secretary Cheney )NP (VP said (SBAR that (S (NP (NP European *UNK )NP (PP over (NP Mr. Gorbachev )NP )PP )NP (VP is (VP starting (S (VP to (VP be (VP *UNKED (PP by (NP (NP a recognition )NP (PP of `` (NP (NP the *UNK )NP (PP of (NP (NP the problems )NP (SBAR (S (NP he )NP (VP was (VP trying (S (VP to (VP deal (PP with )PP )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP )PP )NP )PP )VP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP It )NP )NP (VP is (PP in (NP the Western interest )NP )PP (S (VP to (VP see (S (NP Mr. Gorbachev )NP (VP succeed )VP )S )VP )VP )S )VP . )S  STOP
(S (NP The odds )NP (VP are (PP against (NP him )NP )PP , (SBAR as (S (NP (NP he )NP (NP himself )NP )NP (VP would (ADVP no doubt )ADVP (VP tell (NP you )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The ultimate outcome )NP (VP depends (PP (PP on (SBAR (WHNP what )WHNP (S (NP he )NP (VP does )VP )S )SBAR )PP , not (PP on (SBAR (WHNP what )WHNP (S (NP we )NP (VP do )VP )S )SBAR )PP )PP )VP . )S  STOP
(S (SBAR Even if (S (NP the press )NP (VP is (ADJP ready (S (VP to (VP seize and *UNK )VP )VP )S )ADJP )VP )S )SBAR , (NP these )NP (VP are not (NP (ADJP very complicated )ADJP *UNK )NP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP (NP there )NP (VP is (NP (NP (NP someone )NP (PP in (NP the administration )NP )PP )NP (PRN , (ADVP maybe )ADVP (NP Bob Gates )NP , )PRN (SBAR (WHNP who )WHNP (S (VP could (VP explain (NP them )NP (PP to (NP (NP college students )NP , or even (NP *UNK )NP )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP *UNKC E. *UNKC )NP (VP was (VP elected (PP to (NP (NP the board )NP (PP of (NP this transportation services concern )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP has (VP served (PP as (NP (NP (NP executive director )NP (PP of (NP the United *UNKC College Fund )NP )PP )NP , (NP (NP director )NP (PP of (NP (NP the *UNKC Education *UNKC )NP (PP of (NP the Southern *UNKC Council )NP )PP )NP )PP )NP and (NP (NP *UNK- )NP (PP to (NP (NP the U.S. Office )NP (PP of (NP Economic *UNKC )NP )PP )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP His election )NP (VP increases (NP (NP *UNKC 's )NP board )NP (PP to (NP 14 members )NP )PP )VP . )S  STOP
(S (NP The American Stock Exchange )NP (VP said (SBAR (S (NP a seat )NP (VP was (VP sold (PP for (NP (NP $ *UNKN )NP , (ADVP down (NP $ 5,000 )NP (PP from (NP the previous sale )NP (NP last Friday )NP )PP )ADVP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP are (ADVP currently )ADVP (VP quoted (PP at (NP (NP (NP $ *UNKN )NP , (VP bid )VP )NP , and (NP (NP $ *UNKN )NP , (VP asked )VP )NP )NP )PP )VP )VP . )S  STOP
(S (NP Two *UNK )NP (VP (VP entered (NP a Maryland restaurant )NP )VP , (VP ordered (S (NP two employees )NP (VP to (VP lie (PP on (NP the floor )NP )PP )VP )VP )S )VP and (VP shot (NP them )NP (PP in (NP (NP the backs )NP (PP of (NP their heads )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The *UNK )NP (VP fled (PP with (NP (QP less than $ 100 )QP )NP )PP )VP . )S  STOP
(S (S (VP *UNKING (NP (NP this )NP and (NP other *UNKLY *UNK )NP )NP )VP )S , (NP (NP Sen. *UNKC *UNKC )NP (PRN -LRB- (NP R. )NP , (NP *UNKC . )NP -RRB- )PRN )NP (ADVP recently )ADVP (VP urged (NP fellow lawmakers )NP (S (VP to (VP revive (NP a broad federal death penalty )NP )VP )VP )S )VP . )S  STOP
(S `` (NP The ultimate *UNK )NP (PRN , '' (S (NP he )NP (VP declared )VP )S , `` )PRN (VP will (VP protect (NP the *UNKING )NP (PP from (NP (NP the *UNK , *UNK individuals )NP (SBAR (WHNP who )WHNP (S (VP *UNK (NP these crimes )NP )VP )S )SBAR )NP )PP )VP )VP . '' )S  STOP
(S (S (NP There )NP (VP 's (NP just one problem )NP )VP )S : (S (NP (NP The law )NP (SBAR (WHNP that )WHNP (S (NP Sen. *UNKC )NP (VP is (VP pushing )VP )VP )S )SBAR )NP (VP would (VP be (ADJP *UNK )ADJP (PP in (NP (NP (NP the case )NP (PP of (NP the Maryland restaurant *UNK )NP )PP )NP and (NP almost all other *UNK )NP )NP )PP )VP )VP )S . )S  STOP
(S (S (NP Most *UNK )NP (VP are (NP state crimes )NP )VP )S , so (S (NP any federal *UNK- law )NP (ADVP probably )ADVP (VP would (VP turn (PRT out )PRT (S (VP to (VP be (NP (NP more *UNK )NP (PP than (NP *UNK )NP )PP )NP )VP )VP )S )VP )VP )S . )S  STOP
(S (ADVP Yet )ADVP (NP the bill )NP (VP is (VP riding (ADVP high )ADVP (PP on (NP (NP the *UNK )NP (PP over (NP drug *UNKING )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Senate Republicans )NP , (PP after (S (ADVP repeatedly )ADVP (VP failing (S (VP to (VP *UNK (NP *UNK- *UNK )NP (PP to (NP unrelated legislation )NP )PP )VP )VP )S )VP )S )PP , (VP have (ADVP finally )ADVP (VP gotten (NP a *UNK- *UNK- bill )NP (PP through (NP committee )NP )PP )VP )VP . )S  STOP
(S (NP The Democratic leadership )NP (VP agreed (S (VP to (VP allow (NP (NP (NP a floor vote )NP (PP on (NP the issue )NP )PP )NP )NP (PP before (NP (NP the end )NP (PP of (NP the year )NP )PP )NP )PP -- (NP (NP a debate )NP (ADJP certain (S (VP to (VP focus (PP on (NP (NP the alleged racial *UNK )NP (PP of (NP death *UNKING )NP )PP )NP )PP )VP )VP )S )ADJP )NP )VP )VP )S )VP . )S  STOP
(S (NP Even some Democrats )NP (VP *UNK (SBAR that (S (NP there )NP (VP is (ADVP probably )ADVP (NP (NP a majority )NP (PP in (NP the Senate )NP )PP (SBAR (WHNP that )WHNP (S (VP favors (NP (NP some kind )NP (PP of (NP broad *UNK- measure )NP )PP )NP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The pending bill )NP , (VP introduced (PP by (NP Mr. *UNKC )NP )PP )VP , )NP (VP would (VP revive (NP the *UNK- federal *UNK- laws )NP (PP by (S (VP *UNKING (NP (NP legal procedures )NP (VP required (PP by (NP the Supreme Court )NP )PP )VP )NP )VP )S )PP )VP )VP . )S  STOP
(S (PP In (NP 1972 )NP )PP , (NP the high court )NP (VP *UNK (ADVP aside )ADVP (NP all *UNK- laws )NP (PRN -- (S (NP federal and state )NP (ADJP *UNK )ADJP )S -- )PRN (PP as (ADJP *UNK )ADJP )PP )VP . )S  STOP
(S But (PP in (NP 1976 )NP )PP , (NP the court )NP (VP permitted (NP (NP *UNK )NP (PP of (NP such laws )NP )PP )NP , (SBAR if (S (NP they )NP (VP meet (NP certain procedural requirements )NP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP instance )NP )PP , (NP *UNK )NP (VP would (VP have (S (VP to (VP consider (NP specific (ADJP `` *UNKING '' and `` *UNKING '' )ADJP factors )NP (PP before (S (VP deciding (SBAR whether (S (VP to (VP *UNK (NP someone )NP (PP to (NP death )NP )PP )VP )VP )S )SBAR )VP )S )PP )VP )VP )S )VP )VP . )S  STOP
(S (PP Since (NP that 1976 ruling )NP )PP , (NP 37 states )NP (VP have (VP *UNKED (NP the death penalty )NP )VP )VP . )S  STOP
(S But (NP congressional Democrats )NP (VP have (VP *UNKED (NP the same )NP (PP from (S (VP *UNKING (PP at (NP the federal level )NP )PP )VP )S )PP , (PP with (NP (NP the exception )NP (PP of (NP (NP a 1988 law )NP (VP allowing (NP (NP capital *UNK )NP (PP for (NP certain *UNKED *UNK )NP )PP )NP )VP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The Thurmond bill )NP (VP would (VP establish (NP (NP a (ADJP federally *UNKED )ADJP death sentence )NP (PP for (NP (NP 23 crimes )NP , (SBAR (WHNP (WHNP most )WHNP (WHPP of (WHNP which )WHNP )WHPP )WHNP (S (VP were (ADVP formerly )ADVP (ADJP *UNK (PP by (NP death )NP )PP )ADJP (PP under (NP (NP federal *UNK )NP (SBAR (WHNP that )WHNP (S (NP the Supreme Court )NP (VP *UNKED )VP )S )SBAR )NP )PP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(SINV (PP Among (NP these crimes )NP )PP (VP are )VP (NP (NP (NP murder )NP (PP on (NP federal land )NP )PP )NP , (NP presidential assassination )NP and (NP *UNK )NP )NP . )SINV  STOP
(S (NP The Thurmond bill )NP (VP would (ADVP also )ADVP (VP add (NP (NP five new crimes )NP (ADJP *UNK (PP by (NP death )NP )PP )ADJP , (PP including (NP (NP murder )NP (PP for (NP hire )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S -LRB- (ADVP Separately )ADVP , (NP the Senate )NP (NP last week )NP (VP passed (NP (NP a bill )NP (VP *UNKING (NP (NP execution )NP (PP of (NP (NP *UNK )NP (SBAR (WHNP who )WHNP (S (VP kill (NP Americans )NP (ADVP abroad )ADVP )VP )S )SBAR )NP )PP )NP )VP )NP )VP . -RRB- )S  STOP
(S (PP *UNKC (NP (NP the *UNK )NP (PP of (NP *UNK *UNK )NP )PP (VP surrounding (NP the issue )NP )VP )NP )PP , (NP one critical question )NP (VP involves (SBAR whether (S (NP a federal death penalty )NP , (PP on (NP (NP top )NP (PP of (NP existing state laws )NP )PP )NP )PP , (VP would (VP *UNK (NP any *UNK- criminals )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP one thing )NP )PP , (NP (NP it )NP )NP (VP 's (ADJP unlikely )ADJP (SBAR that (S (NP many people )NP (VP would (VP (VP receive (NP federal death *UNK )NP )VP , (ADVP let alone )ADVP (VP be (VP executed )VP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Most )NP (PP of (NP (NP the crimes )NP (VP *UNKED (PP in (NP the Thurmond bill )NP )PP )VP )NP )PP )NP (VP are (ADJP *UNKLY rare )ADJP -- (S (VP (VP killing (NP a Supreme Court justice )NP )VP , (PP for (NP instance )NP )PP , or (VP (ADVP *UNKLY )ADVP causing (NP (NP a train *UNK )NP (SBAR (WHNP that )WHNP (S (VP results (PP in (NP a death )NP )PP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (PP In (NP fact )NP )PP , (NP (QP only 28 )QP defendants )NP (VP would (VP have (VP been (ADJP eligible (PP for (NP federal death *UNK )NP )PP )ADJP (SBAR if (S (NP the Thurmond bill )NP (VP had (VP been (PP in (NP effect )NP )PP (PP in (NP the past three years )NP )PP )VP )VP )S )SBAR , (PP according (PP to (NP (NP a study )NP (PP by (NP (NP the Senate *UNKC Committee 's )NP Democratic staff )NP )PP )NP )PP )PP )VP )VP )VP . )S  STOP
(S (NP (NP The last federal execution )NP (PP before (NP (NP (NP the Supreme Court 's )NP 1972 ruling )NP (VP banning (NP the death penalty )NP )VP )NP )PP )NP (VP took (NP place )NP (PP in (NP *UNKN )NP )PP , (S (VP meaning (SBAR that (S (NP the federal government )NP (VP did n't (VP exercise (NP its execution authority )NP (PP for (NP eight years )NP )PP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(SINV `` (S (PP In (NP that sense )NP )PP , (NP the whole debate )NP (VP is (NP (NP sort )NP (PP of (NP a fraud )NP )PP )NP )VP )S , '' (VP argues )VP (NP a Democratic Senate staff member )NP . )SINV  STOP
(S `` (NP It )NP (VP 's (VP *UNKING (NP attention )NP (PP from (NP (NP serious issues )NP , (PP like (SBAR (WHADVP how )WHADVP (S (VP to (VP make (S (NP *UNKC , FBI and *UNKC )NP (VP work (ADVP together )ADVP '' (PP on (NP drug enforcement )NP )PP )VP )S )VP )VP )S )SBAR )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP Republicans )NP (VP *UNK (SBAR that (S (NP few people )NP (VP would (VP be (VP executed (PP under (NP the Thurmond bill )NP )PP )VP )VP )VP )S )SBAR )VP )S , but (S (NP they )NP (VP contend (SBAR (S (NP that )NP (VP is n't (NP the point )NP )VP )S )SBAR )VP )S . )S  STOP
(SINV `` (S (NP Many *UNK )NP (VP are (PP of (NP the opinion (SBAR that (S (NP (NP the mere existence )NP (PP of (NP the penalty )NP )PP )NP (VP *UNK (NP many people )NP (PP from (NP (NP the commission )NP (PP of (NP capital crimes )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP )S , '' (VP says )VP (NP (NP Sen. *UNKC *UNKC )NP (PRN -LRB- (NP R. )NP , (NP Utah )NP -RRB- )PRN )NP . )SINV  STOP
(S (S (NP *UNKC )NP , (ADVP regardless (PP of (SBAR (WHADVP how frequently )WHADVP (S (NP they )NP (VP occur )VP )S )SBAR )PP )ADVP , (VP are (ADVP also )ADVP (NP `` (NP proper *UNK )NP '' (PP for (NP *UNK crimes )NP )PP )NP )VP )S , (NP Mr. *UNKC )NP (VP argues )VP . )S  STOP
(S (NP (NP Thomas Boyd )NP , (NP a senior Justice Department official )NP , )NP (VP says (SBAR (S (NP (NP the new federal *UNKED crimes )NP (ADJP *UNK (PP by (NP death )NP )PP (PP since (NP last November )NP )PP )ADJP )NP (VP may (VP result (PP in (NP (NP a jump )NP (PP in (NP capital *UNK )NP )PP )NP )PP , (SBAR though (S (NP that )NP (VP has n't (VP happened (ADVP so far )ADVP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP addition )NP (PP to (S (VP *UNKING (NP (NP the old issue )NP (PP of (SBAR whether (S (NP death *UNK )NP (VP *UNK (NP criminals )NP )VP )S )SBAR )PP )NP )VP )S )PP )NP )PP , (NP this bill )NP (VP has (VP made (S (NP race )NP (NP (NP a major part )NP (PP of (NP the *UNK- debate )NP )PP )NP )S )VP )VP . )S  STOP
(S (SBAR Before (S (NP the bill )NP (VP left (NP committee )NP )VP )S )SBAR , (NP (NP Sen. Edward Kennedy )NP (PRN -LRB- (NP D. )NP , (NP Mass . )NP -RRB- )PRN )NP (VP attached (NP (NP an amendment )NP (SBAR (WHNP that )WHNP (S (VP would (VP allow (S (NP a defendant )NP (VP to (VP *UNK (PP from (NP a death sentence )NP )PP (PP in (NP (NP *UNK )NP (VP shown (S (VP to (VP have (VP *UNKED (PRT out )PRT (NP *UNK )NP (PP in (NP a *UNK manner )NP )PP )VP )VP )VP )S )VP )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The amendment )NP (VP prompted (NP (NP an *UNK protest )NP (PP from (NP (NP Mr. Thurmond )NP , (SBAR (WHNP who )WHNP (S (VP complained (SBAR that (S (NP it )NP (VP would (VP `` kill '' (NP capital *UNK )NP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP (NP A large number )NP (PP of (NP studies )NP )PP )NP (VP suggest (SBAR that (S (NP state judges and *UNK )NP (VP have (VP imposed (NP the penalty )NP (PP in (NP a (ADJP *UNKLY *UNK )ADJP fashion )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S And (NP the Kennedy amendment )NP (VP would (VP *UNK (NP (ADJP (CONJP not only )CONJP federal but state )ADJP *UNK )NP , (PP in (NP two important ways )NP )PP )VP )VP . )S  STOP
(S (NP It )NP (VP would (VP allow (S (NP all defendants )NP (VP to (VP introduce (NP (NP *UNK evidence )NP (VP showing (NP (NP (ADJP *UNKLY *UNK )ADJP application )NP (PP of (NP the death penalty )NP )PP (PP in (NP the past )NP )PP )NP )VP )NP )VP )VP )S )VP )VP . )S  STOP
(S And (NP it )NP (VP would (VP shift (NP the burden )NP (PP to (NP prosecutors )NP )PP (S (VP to (VP *UNK (SBAR that (S (NP discrimination )NP (VP caused (NP any statistical racial *UNK )NP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP That burden )NP (VP is (ADJP (ADJP very difficult )ADJP , (CONJP if not )CONJP (ADJP impossible )ADJP , (SBAR (S (VP to (VP meet )VP )VP )S )SBAR )ADJP )VP )S , '' (VP says )VP (NP Mr. Boyd )NP . )SINV  STOP
(SBARQ `` (WHADVP How )WHADVP (SQ do (NP you )NP (VP prove (NP a negative )NP )VP )SQ ? '' )SBARQ  STOP
(S (S (SBAR Since (S (NP most prosecutors )NP (VP would n't (VP be (ADJP able (S (VP to (VP *UNK (ADVP *UNKLY )ADVP (SBAR that (S (NP racial *UNK )NP (VP did n't (VP affect (NP *UNKING )NP )VP )VP )S )SBAR )VP )VP )S )ADJP )VP )VP )S )SBAR , (NP (NP *UNK )NP (NP *UNK )NP )NP (VP might (VP come (PP to (NP a halt )NP )PP )VP )VP )S , (NP Mr. Boyd )NP (VP explains )VP . )S  STOP
(S (NP (QP At least 15 )QP major studies )NP (VP *UNK (S (VP to (VP show (SBAR that (S (NP particular states )NP (VP have (VP imposed (NP the death penalty )NP (ADVP *UNKLY )ADVP (PP (PP against (NP (NP *UNK )NP (PP of (NP whites )NP )PP (PP compared with (NP blacks )NP )PP )NP )PP , and (PP against (NP (NP black defendants )NP (PP compared with (NP white defendants )NP )PP )NP )PP )PP )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP Conservatives )NP (VP (VP question (NP (NP the *UNK )NP (PP of (NP the studies )NP )PP )NP )VP and (VP note (SBAR that (S (NP the Supreme Court )NP (VP ruled (PP in (NP 1987 )NP )PP (SBAR that (S (NP such research )NP , (ADVP regardless (PP of (NP its *UNK )NP )PP )ADVP , (VP is n't (ADJP *UNK (PP to (NP (NP a constitutional attack )NP (PP on (NP a particular death sentence )NP )PP )NP )PP )ADJP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The Kennedy amendment )NP (VP would , (PP in (NP effect )NP )PP , (VP *UNK (PP around (NP the Supreme Court ruling )NP )PP )VP )VP . )S  STOP
(SINV (S (NP Lawyers )NP (VP would (ADVP *UNKLY )ADVP (VP seize (PP on (NP the provision )NP )PP (PP in (NP their *UNK- appeals )NP )PP )VP )VP )S , (VP says )VP (NP (NP Richard *UNKC )NP , (NP (NP director )NP (PP of (NP (NP the *UNKC *UNKC Defense and *UNKC Fund 's )NP *UNK- defense team )NP )PP )NP )NP . )SINV  STOP
(S (S (NP Mr. Kennedy )NP (VP failed (S (VP to (VP get (S (NP his amendment )NP (VP *UNKED (PP into (NP (NP last year 's )NP *UNK- legislation )NP )PP )VP )S )VP )VP )S )VP )S , and (S (NP it )NP (VP will (VP be (ADVP *UNKLY )ADVP (VP attacked (PP on (NP the Senate floor )NP )PP (NP this time around )NP )VP )VP )VP )S . )S  STOP
(S But (SBAR if (S (NP it )NP (VP *UNK )VP )S )SBAR , (NP it )NP (VP could (VP prompt (NP other *UNK changes )NP , (PP according (PP to (NP the Mr. *UNKC )NP )PP )PP )VP )VP . )S  STOP
(S (NP It )NP (VP might (VP force (S (NP (NP Congress )NP and (NP the states )NP )NP (VP to (VP narrow (NP the death penalty )NP (PP only to (NP (NP (NP *UNK )NP (VP shown (S (VP to (VP be (ADJP relatively free (PP of (NP racial *UNK )NP )PP )ADJP )VP )VP )S )VP )NP (PRN -- (NP (NP *UNK )NP (PP by (NP (NP *UNK *UNK )NP (SBAR (WHNP who )WHNP (S (VP *UNK (NP their victims )NP )VP )S )SBAR )NP )PP )NP , (ADVP perhaps )ADVP )PRN )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (S (VP *UNKING (NP the penalty )NP (PP in (NP this fashion )NP )PP )VP )S )NP (VP would (ADVP clearly )ADVP (VP reduce (SBAR (WHNP whatever *UNK effect )WHNP (S (NP it )NP (ADVP now )ADVP (VP has )VP )S )SBAR )VP )VP . )S  STOP
(S And (NP that )NP , (PP in (NP turn )NP )PP , (VP would (ADVP only )ADVP (VP strengthen (NP (NP the argument )NP (PP of (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP oppose (NP (NP execution )NP (PP under (NP any circumstances )NP )PP )NP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP A state judge )NP (VP postponed (NP (NP a decision )NP (PP on (NP (NP a move )NP (PP by (NP (NP holders )NP (PP of (NP Telerate Inc. )NP )PP )NP )PP (SBAR (S (VP to (VP block (NP (NP the tender offer )NP (PP of (NP Dow Jones & Co. )NP )PP (PP for (NP (NP the 33 % )NP (PP of (NP Telerate )NP )PP (SBAR (S (NP it )NP (VP does n't (ADVP already )ADVP (VP own )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP Vice Chancellor *UNKC A. *UNKC III )NP (PP of (NP (NP (NP Delaware 's )NP Court )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP (VP heard (NP arguments )NP (PP for (NP (QP more than two )QP hours )NP )PP (ADVP here )ADVP )VP )S , but (S (NP he )NP (VP (VP made (NP no comment )NP )VP and (VP asked (NP no questions )NP )VP )VP )S . )S  STOP
(S (NP He )NP (VP could (VP rule (ADVP (ADVP as early )ADVP (PP as (NP today )NP )PP )ADVP (PP on (NP (NP the motion )NP (VP seeking (NP (NP a temporary injunction )NP (PP against (NP the Dow Jones offer )NP )PP )NP )VP )NP )PP )VP )VP . )S  STOP
(S (NP Dow Jones )NP (VP has (VP offered (S (VP to (VP pay (NP (NP (NP $ 18 )NP (NP a share )NP )NP , or (NP (QP about $ *UNKN million )QP )NP , )NP (PP for (NP the remaining Telerate stake )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP The offer )NP (VP will (VP expire (PP at (NP 5 p.m. EST )NP )PP (PP on (NP Nov. 6 )NP )PP , (SBAR unless (S (VP extended (ADVP again )ADVP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Robert *UNKC )NP , (NP (NP an attorney )NP (PP for (NP the Telerate holders )NP )PP )NP , )NP (VP told (NP Judge *UNKC )NP (SBAR (S (NP the Dow Jones offer )NP (VP is (ADJP `` *UNK '' and `` hostile )ADJP )VP )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP accused (NP Dow Jones )NP (PP of `` (S (VP using (NP unfair means )NP (S (VP to (VP obtain (NP the stock )NP (PP at (NP an unfair price )NP )PP )VP )VP )S )VP )S )PP )VP . '' )S  STOP
(S (NP (NP Michael *UNKC )NP , (NP (NP an attorney )NP (PP for (NP Dow Jones )NP )PP )NP , )NP (VP defended (NP the offer )NP (PP as (ADJP adequate )ADJP )PP , (PP based (PP on (SBAR (WHNP what )WHNP (S (NP the company )NP (VP considers (S (NP (NP *UNK projections )NP (PP of (NP (NP Telerate 's )NP revenue growth )NP )PP , (PP in (NP (NP the range )NP (PP of (NP 12 % )NP )PP )NP )PP )NP )S )VP )S )SBAR )PP )PP )VP . )S  STOP
(S (NP He )NP (ADVP also )ADVP (VP contended (SBAR that (S (NP the plaintiffs )NP (VP failed (S (VP to (VP *UNK (NP (NP any legal authority )NP (SBAR (WHNP that )WHNP (S (VP would (VP justify (NP such an injunction )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Telerate )NP (VP provides (NP (NP information )NP (PP about (NP financial markets )NP )PP )NP (PP through (NP an electronic network )NP )PP )VP . )S  STOP
(S (NP Dow Jones )NP (VP (VP publishes (NP (NP The Wall Street Journal )NP , (NP (NP *UNKC 's )NP magazine )NP , (NP other *UNK )NP and (NP community newspapers )NP )NP )VP and (VP operates (NP electronic business information services )NP )VP )VP . )S  STOP
(S (S (NP (NP (NP Japan 's )NP exports )NP (PP of (NP cars , trucks and *UNK )NP )PP )NP (VP declined (NP 2.4 % )NP (PP to (NP *UNKN units )NP )PP (PP in (NP September )NP )PP (PP from (ADVP (NP a year )NP earlier )ADVP )PP )VP )S , (NP the Japan *UNKC Manufacturers Association )NP (VP said )VP . )S  STOP
(S (NP The association )NP (VP attributed (NP the drop )NP (PP to (NP (NP a trend )NP (PP among (NP auto makers )NP )PP (S (VP to (VP move (NP manufacturing operations )NP (ADVP overseas )ADVP )VP )VP )S )NP )PP )VP . )S  STOP
(S (PP With (NP (NP the exception )NP (PP of (NP (NP August )NP , (SBAR (WHADVP when )WHADVP (S (NP exports )NP (VP rose (NP 2.1 % )NP )VP )S )SBAR )NP )PP )NP )PP , (NP exports )NP (VP have (VP declined (NP every month )NP (PP from (NP year-earlier levels )NP )PP (PP since (NP March )NP )PP )VP )VP . )S  STOP
(S (NP Lone Star Technologies Inc. )NP (VP said (SBAR (S (NP its Lone Star Steel Co. unit )NP (VP sued (NP it )NP (PP in (NP (NP federal court )NP (ADVP here )ADVP )NP )PP , (S (VP seeking (S (VP to (VP recover (NP (NP an *UNK *UNK )NP (VP valued (PP at (NP (NP a minimum )NP (PP of (NP (QP $ 23 million )QP )NP )PP )NP )PP )VP )NP )VP )VP )S )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The lawsuit )NP (VP was (VP filed (PP by (NP (NP (NP Lone Star Steel 's )NP unsecured creditors ' )NP committee )NP )PP (PP on (NP (NP behalf )NP (PP of (NP (NP Lone Star Steel )NP , (SBAR (WHNP which )WHNP (S (VP has (VP been (VP operating (PP under (NP (NP Chapter 11 )NP (PP of (NP the federal Bankruptcy Code )NP )PP )NP )PP (PP since (NP June 30 )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Lone Star Technologies )NP (VP said (SBAR (S (S (NP (NP it )NP and (NP (NP its subsidiary 's )NP creditors )NP )NP (VP agree (SBAR that (S (NP the parent company )NP (VP owes (NP the unit money )NP )VP )S )SBAR )VP )S , but (S (NP they )NP (VP have n't (VP been (ADJP able (S (VP to (VP reach (NP (NP agreement )NP (PP on (NP the amount )NP )PP )NP )VP )VP )S )ADJP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP lawyer )NP (PP for (NP the creditors )NP )PP )NP , )NP (VP said (SBAR (S (NP the creditors group )NP (VP (VP is (VP challenging (NP (NP certain accounting *UNK )NP (PP on (NP (NP the parent company 's )NP books )NP )PP )NP )VP )VP and (VP estimates (SBAR that (S (NP (NP the *UNK )NP (VP owed (NP the steel company )NP )VP )NP (VP could (VP be (NP (QP as much as $ 40 million )QP )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The Lone Star Steel lawsuit )NP (ADVP also )ADVP (VP asks (NP the court )NP (S (VP to (VP rule (SBAR (SBAR that (S (NP Lone Star Technologies )NP (VP is (ADJP jointly responsible (PP for (NP (NP a (ADJP (QP $ 4.5 million )QP )ADJP Lone Star Steel pension payment )NP (SBAR (WHNP that )WHNP (S (VP (VP was (ADJP due )ADJP )VP , but (VP was n't (VP paid )VP )VP , (PP in (NP September )NP )PP )VP )S )SBAR )NP )PP )ADJP )VP )S )SBAR and (SBAR that (S (NP the parent company )NP (VP ca n't (VP recover (NP the amount )NP (PP from (NP its subsidiary )NP )PP (SBAR if (S (NP the parent company )NP (VP makes (NP the payment )NP )VP )S )SBAR )VP )VP )S )SBAR )SBAR )VP )VP )S )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP Lone Star Technologies )NP (VP said (SBAR (S (NP the bankruptcy court )NP (VP granted (NP Lone Star Steel )NP (NP (NP an extension )NP (PP until (NP year end )NP )PP (PP on (NP (NP its exclusive period )NP (SBAR (S (VP to (VP present (NP a reorganization plan )NP )VP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNK- *UNK period )NP (VP was (S (VP to (VP expire (NP yesterday )NP )VP )VP )S )VP . )S  STOP
(S (PP Under (NP Chapter 11 )NP )PP , (NP a company )NP (VP (VP continues (S (VP to (VP operate )VP )VP )S )VP , but (VP is (VP protected (PP from (NP creditor lawsuits )NP )PP (SBAR while (S (NP it )NP (VP tries (S (VP to (VP work (PRT out )PRT (NP a plan (S (VP to (VP pay (NP its debt )NP )VP )VP )S )NP )VP )VP )S )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP Nothing )NP (VP was (VP going (S (VP to (VP hold (PRT up )PRT (NP (NP the )NP *UNKED settlement (PP of (NP (NP *UNKC )NP (PP vs. (NP *UNKC )NP )PP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(FRAG Not even (NP an earthquake )NP . )FRAG  STOP
(S (PP On (NP (NP the afternoon )NP (PP of (NP Oct. 17 )NP )PP )NP )PP , (PP after (NP (NP hours )NP (PP of (S (VP *UNKING (PP with (NP five *UNK- adjusters )NP )PP (PP over (S (VP settling (NP a *UNK- suit )NP )VP )S )PP )VP )S )PP )NP )PP , (NP four lawyers )NP (VP had (NP an agreement )NP (PP in (NP hand )NP )PP )VP . )S  STOP
(S But (SBAR as (S (NP Judge Thomas M. *UNKC )NP (VP *UNKED (NP his *UNK )NP (SBAR so (S (NP he )NP (VP could (VP give (NP final approval )NP )VP )VP )S )SBAR )VP )S )SBAR , (NP the major earthquake )NP (VP struck , (S (NP its *UNK )NP (ADVP not far (PP from (NP (NP his courtroom )NP (PP in (NP (NP *UNKC City )NP , (NP Calif )NP )NP )PP )NP )PP )ADVP )S )VP . )S  STOP
(S (S (NP The walls )NP (VP *UNK )VP )S ; (S (NP the building )NP (VP *UNKED )VP )S . )S  STOP
(S (PP For (NP a while )NP )PP , (NP it )NP (VP looked (SBAR like (S (NP (NP the deal )NP (PRN -- (S not (VP to (VP mention (NP (NP the courtroom )NP (NP itself )NP )NP )VP )VP )S -- )PRN )NP (VP was (PP on (NP (NP the *UNK )NP (PP of (NP collapse )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP The judge )NP (VP (VP came (ADVP out )ADVP )VP and (VP said , ` (S (ADVP *UNKC )ADVP , (VP let (S (NP 's )NP (VP put (NP this )NP (PP on (NP the record )NP )PP )VP )S )VP )S )VP )VP )S , ' '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP the judge 's )NP court reporter )NP )NP . )SINV  STOP
(S `` (NP I )NP (VP said , ` (ADVP *UNKC )ADVP )VP ? ' )S  STOP
(S (NP I )NP (VP was (VP *UNKING (NP the whole time )NP )VP )VP . '' )S  STOP
(S (NP A *UNK- water *UNK )NP (VP had (VP *UNKED (PP onto (NP the floor )NP )PP , (S (VP *UNKING (NP the red *UNKING )NP )VP )S )VP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP *UNKED (ADVP on and off )ADVP )VP )S ; (S (NP *UNK )NP (VP dropped (PP from (NP the ceiling )NP )PP )VP )S , (S (NP the walls )NP (ADVP still )ADVP (VP shook )VP )S and (S (NP an *UNK *UNK )NP (VP *UNKED (ADVP outside )ADVP )VP )S . )S  STOP
(S (NP The four lawyers )NP (VP climbed (PP out (PP from (PP under (NP a table )NP )PP )PP )PP )VP . )S  STOP
(SINV `` (S (VP Let (S (NP 's )NP (VP close (NP the door )NP )VP )S )VP )S , '' (VP said )VP (NP the judge )NP (SBAR as (S (NP he )NP (VP climbed (PP to (NP his bench )NP )PP )VP )S )SBAR . )SINV  STOP
(SINV (PP At (NP stake )NP )PP (VP was )VP (NP (NP an (ADJP $ *UNKN )ADJP settlement )NP (VP involving (SBAR (WHNP who )WHNP (S (VP should (VP pay (NP (NP what share )NP (PP of (NP (NP cleanup costs )NP (PP at (NP (NP the site )NP (PP of (NP a former gas station )NP )PP , (SBAR (WHADVP where )WHADVP (S (NP *UNK fuel tanks )NP (VP had (VP (VP *UNKED )VP and (VP *UNKED (NP the soil )NP )VP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP )NP . )SINV  STOP
(S And (NP the lawyers )NP (VP were (ADJP (ADJP just as eager )ADJP (PP as (NP the judge )NP )PP (S (VP to (VP *UNK (NP it )NP (PRT up )PRT )VP )VP )S )ADJP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP were (ADVP never )ADVP (VP going (S (VP to (VP get (S (NP these insurance companies )NP (VP to (VP agree (ADVP again )ADVP )VP )VP )S )VP )VP )S )VP )VP )S , '' (VP says )VP (NP (NP John *UNK Trump )NP , (NP (NP a San Francisco defense lawyer )NP (PP in (NP the case )NP )PP )NP )NP . )SINV  STOP
(S (ADVP Indeed )ADVP , (NP the insurance adjusters )NP (VP had (ADVP already )ADVP (VP *UNKED (PP out (PP of (NP the courtroom )NP )PP )PP )VP )VP . )S  STOP
(S (NP The lawyers )NP (VP went (PP to (NP work )NP )PP (ADVP anyway )ADVP , (S (ADVP *UNKLY )ADVP (VP noting (SBAR that (S (NP the proceeding )NP (VP was (VP taking (NP place )NP (PP during (NP a major earthquake )NP )PP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (ADVP (NP *UNKC minutes )NP later )ADVP , (NP it )NP (VP was (VP done )VP )VP . )S  STOP
(S (PP For (NP the record )NP )PP , (NP (NP Jeffrey *UNKC )NP , (NP (NP an attorney )NP (PP for (NP (NP Fireman 's )NP Fund )NP )PP )NP , )NP (VP said (SBAR (S (NP he )NP (VP was `` (VP *UNKED -- (ADVP both literally and *UNKLY )ADVP )VP )VP )S )SBAR )VP . '' )S  STOP
(SINV `` (S (NP My belief )NP (VP is (ADVP always )ADVP , (SBAR (S (SBAR if (S (NP you )NP (VP 've (VP got (NP a settlement )NP )VP )VP )S )SBAR , (NP you )NP (VP read (NP it )NP (PP into (NP the record )NP )PP )VP )S )SBAR )VP )S . '' (VP says )VP (NP (NP Judge *UNKC )NP , (VP (ADVP now )ADVP known (PP in (NP his *UNK )NP )PP (PP as `` (NP *UNKC *UNK *UNKC *UNKC )NP )PP )VP )NP . '' )SINV  STOP
(S (NP The insurance adjusters )NP (VP think (ADVP *UNKLY )ADVP )VP . )S  STOP
(SINV `` (S (NP I )NP (VP did n't (VP know (SBAR if (S (NP it )NP (VP was (NP (NP World War III )NP or (NP what )NP )NP )VP )S )SBAR )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP (PP of (NP (NP *UNKC )NP , (NP N.J )NP )NP )PP )NP . )SINV  STOP
(S `` (S (VP *UNKING (NP the settlement )NP (PP into (NP the record )NP )PP )VP )S (VP was (NP (NP the last thing )NP (PP on (NP my mind )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC Brothers Stores Inc. )NP (VP said (SBAR (S (NP it )NP (VP agreed (S (VP to (VP buy (NP *UNKN *UNKC (NP women 's )NP apparel stores )NP (PP from (NP (NP *UNKC *UNKC Stores Corp. )NP , (NP (NP a unit )NP (PP of (NP (NP *UNKC Ltd. )NP (PP of (NP Toronto )NP )PP )NP )PP )NP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Terms )NP (VP were n't (VP disclosed )VP )VP . )S  STOP
(S (NP Edison )NP (VP said (SBAR (S (NP the acquired stores )NP (VP would (VP be (VP integrated (PP into (NP its current operations )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(NP (NP *UNKC Corp . )NP (PRN -LRB- (NP (NP Louisville )NP , (NP Ky. )NP )NP -RRB- )PRN -- )NP  STOP
(S (NP (NP David R. Jackson )NP , formerly (NP (NP vice president )NP , (NP (NP managing director )NP (PP of (NP (NP corporate communications )NP (PP for (NP Maxwell *UNKC Inc. )NP )PP )NP )PP )NP , )NP )NP (VP was (VP named (S (NP (NP vice president )NP and (NP (NP assistant )NP (PP to (NP (NP the chairman )NP (PP of (NP (NP this maker )NP (PP of (NP (NP *UNK *UNK )NP and (NP consumer products )NP )NP )PP )NP )PP )NP )PP )NP )NP )S )VP )VP . )S  STOP
(S (NP Your Oct. 4 front page )NP (VP noted (SBAR (SBAR that (S (NP British lawyers )NP (VP have (S (VP to (VP wear (NP *UNK )NP (PP in (NP court )NP )PP )VP )VP )S )VP )S )SBAR and (SBAR that (S (NP these *UNK )NP (VP are (VP made (PP from (NP (NP *UNK ' )NP *UNK )NP )PP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(SQ Do (NP you )NP (VP think (SBAR (S (NP the British )NP (VP know (NP (NP something )NP (SBAR (WHNP that )WHNP (S (NP we )NP (VP do n't )VP )S )SBAR )NP )VP )S )SBAR )VP ? )SQ  STOP
(NP Yale Jay *UNKC )NP  STOP
(NP (NP *UNKC )NP , (NP *UNK )NP . )NP  STOP
(NP (NP *UNKC )NP (PP for (NP `` (S (ADVP Sometimes )ADVP , (NP *UNKC )NP (VP Is (NP the *UNKC *UNKC )NP )VP )S , '' (PP in (NP your Oct. 5 *UNKC section )NP )PP )NP )PP . )NP  STOP
(S (ADVP Indeed )ADVP , (NP (NP the `` art )NP (PP of (NP *UNKING )NP )PP )NP '' (VP (VP does (VP contribute (PP to (NP better health results )NP )PP )VP )VP and (VP *UNK (NP *UNKED *UNK litigation )NP )VP )VP . )S  STOP
(S (S (VP *UNKING (PP on (NP (NP the concern )NP (PP about (S (NP doctors ' )NP (VP *UNKING (NP earnings )NP (SBAR in order (S (VP to (VP spend `` (NP talk time )NP '' (PP with (NP patients )NP )PP )VP )VP )S )SBAR )VP )S )PP )NP )PP )VP )S , (NP we )NP (VP are (VP finding (SBAR (S (NP (NP the quality )NP (PP of (NP (NP the time )NP (VP spent )VP )NP )PP )NP (VP is (NP (NP the key )NP (PP to (NP true *UNK )NP )PP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Even brief conversations )NP (VP (VP can (VP show (NP *UNKING and trust )NP )VP )VP , and (VP need (S not (VP (VP restrict (NP (NP the efficiency )NP (PP of (NP the *UNK )NP )PP )NP )VP or (VP *UNK (NP (NP the doctor 's )NP earnings )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP The issue )NP (VP is (ADJP *UNKING )ADJP )VP . )S  STOP
(S (ADVP Right now )ADVP , (NP the American *UNK )NP (VP is (VP spending (NP (NP (QP about 12 )QP % )NP (PP of (NP our gross national product )NP )PP )NP (PP on (NP health care )NP )PP )VP )VP . )S  STOP
(S (NP That )NP (VP amounts (PP to (NP (NP (QP more than $ 350 billion )QP )NP (NP a year )NP )NP )PP )VP . )S  STOP
(S And (NP it )NP (VP is (VP estimated (SBAR that (S (NP (NP (NP (QP more than 20 )QP % )NP (PP of (NP that )NP )PP )NP , (NP (QP $ 70 billion )QP )NP , )NP (VP goes (PP to (NP `` (NP defensive medicine )NP '' -- (NP (NP those measures )NP (VP taken (PP by (NP doctors )NP )PP (S (VP to (VP protect (NP themselves )NP (PP from (NP the (ADJP most unlikely )ADJP possibilities )NP )PP )VP )VP )S )VP )NP )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S So (NP we )NP all (VP stand (S (VP to (VP benefit (SBAR if (S (NP *UNK- relations )NP (VP become (NP a `` partnership )NP )VP )S )SBAR )VP )VP )S )VP . '' )S  STOP
(NP (NP President )NP (NP (NP North American *UNKC Insurance )NP (NP *UNKC *UNKC Group )NP )NP )NP  STOP
(S (NP Chrysler Corp. Chairman Lee A. *UNKC )NP (VP said (SBAR (S (NP (NP the nation 's )NP No. 3 auto maker )NP (VP will (VP need (S (VP to (VP close (NP (NP one or two )NP (PP of (NP its assembly plants )NP )PP )NP )VP )VP )S (PP because of (NP (NP the slowdown )NP (VP hitting (NP the industry )NP )VP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP an interview )NP (PP with (NP the trade *UNK *UNKC News )NP )PP )NP )PP , (NP Mr. *UNKC )NP (VP declined (S (VP to (VP say (SBAR (SBAR (WHNP which plants )WHNP (S (VP will (VP close )VP )VP )S )SBAR or (SBAR (WHADVP when )WHADVP (S (NP Chrysler )NP (VP will (VP make (NP the moves )NP )VP )VP )S )SBAR )SBAR )VP )VP )S )VP . )S  STOP
(S But (NP he )NP (VP said , `` (S (NP we )NP (VP have (NP (ADJP too many )ADJP plants )NP (PP in (NP our system )NP )PP )VP )S )VP . )S  STOP
(S So (NP the (ADJP (ADJP older )ADJP or (ADJP most *UNK )ADJP )ADJP capacity )NP (VP has (VP got (S (VP to (VP go )VP )VP )S )VP )VP . '' )S  STOP
(S (PP According (PP to (NP industry analysts )NP )PP )PP , (NP (NP Chrysler plants )NP (ADJP most likely (S (VP to (VP close )VP )VP )S )ADJP )NP (VP are (NP (NP (NP the St. Louis No. 1 facility )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP Chrysler *UNKC and *UNKC *UNKC models )NP )VP )S )SBAR )NP ; (NP (NP the (NAC *UNKC , Ohio , )NAC *UNKC plant )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (ADVP back (PP to (NP the early *UNK )NP )PP )ADVP )VP )S )SBAR )NP ; and (NP (NP two Canadian plants )NP (SBAR (WHNP that )WHNP (S (VP build (NP (NP the *UNKC *UNKC )NP and (NP (NP Chrysler 's )NP *UNKED *UNK )NP )NP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (NP Chrysler )NP (VP has (VP had (S (VP to (ADVP temporarily )ADVP (VP close (NP the St. Louis and *UNKC plants )NP )VP )VP )S (ADVP recently )ADVP (PP because of (NP (NP excess inventories )NP (PP of (NP (NP vehicles )NP (VP built (ADVP there )ADVP )VP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP At (NP (NP Chrysler 's )NP 1990 model *UNK )NP )PP (NP last month )NP , (NP Chrysler Motors President Robert A. *UNKC )NP (VP said (SBAR (S (NP the No. 3 auto maker )NP , (ADVP along (PP with (NP other U.S. manufacturers )NP )PP )ADVP , (VP might (VP be (VP forced (S (VP to `` (VP *UNK ... (NP capacity )NP )VP )VP '' )S (SBAR if (S (NP market demand )NP (VP does n't (VP improve )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP Mr. *UNKC 's )NP remarks )NP (VP are (NP (NP the (ADJP most specific )ADJP indication )NP (PP to (NP date )NP )PP (PP of (SBAR (WHNP (WHADVP how many )WHADVP plants )WHNP (S (VP could (VP be (PP in (NP *UNK )NP )PP )VP )VP )S )SBAR )PP )NP )VP . )S  STOP
(S (NP General Motors Corp. )NP (VP has (VP signaled (SBAR that (S (NP (NP (QP as many as five )QP )NP (PP of (NP its (UCP U.S. and Canadian )UCP plants )NP )PP )NP (VP may not (VP survive (NP the *UNK- )NP (SBAR as (S (NP it )NP (VP *UNK (S (VP to (VP trim (NP its excess *UNK- capacity )NP )VP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The *UNK problem )NP (VP has (VP *UNKED (PP in (NP recent years )NP )PP , (PP with (S (NP foreign auto makers )NP (VP beginning (NP car and truck production )NP (PP in (NP the U.S. )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S (PP With (S (NP (NP companies )NP (PP such as (NP (NP Honda Motor Co. )NP , (NP Toyota Motor Corp. )NP and (NP Nissan Motor Co. )NP )NP )PP )NP (VP running (NP so-called *UNK auto operations )NP )VP )S )PP , (NP (NP Japanese auto production )NP (PP in (NP the U.S. )NP )PP )NP (VP will (VP reach (NP (QP one million )QP vehicles )NP (NP this year )NP )VP )VP . )S  STOP
(S `` (S (SBAR Unless (S (NP the market )NP (VP (VP goes (PP to (NP (QP 19 million )QP units )NP )PP )VP (PRN -- (SBAR (WHNP which )WHNP (S (NP (NP we )NP (NP all )NP )NP (VP know (SBAR (S (NP it )NP (VP 's not (VP going (S (VP to (VP do )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR -- )PRN )VP )S )SBAR (NP we )NP (VP have (NP the *UNK fact (SBAR that (S (NP the *UNK )NP (VP are (VP adding (NP capacity )NP )VP )VP )S )SBAR )NP )VP )S , '' (NP Mr. *UNKC )NP (VP said (NP last month )NP )VP . )S  STOP
(S (S (S (NP The *UNKED plants )NP (ADVP eventually )ADVP (VP will (VP have (NP the capacity (S (VP to (VP build (NP (QP some 2.5 million )QP vehicles )NP (PP in (NP the U.S. )NP )PP )VP )VP )S )NP )VP )VP )S and (S (NP that )NP (VP will (VP *UNK (PP into `` (NP (NP market share )NP (SBAR (WHNP that )WHNP (S (VP is (VP going (S (VP to (VP have (S (VP to (VP come (PP out (PP of (NP somebody )NP )PP )PP )VP )VP )S )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP )S )S , '' (NP he )NP (VP added )VP . )S  STOP
(S (ADVP Already )ADVP (NP Chrysler )NP (VP has (VP closed (NP (NP the (NAC *UNKC , *UNKC , )NAC plant )NP (SBAR (S (NP it )NP (VP acquired (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP bought (NP American Motors Corp. )NP (PP in (NP 1987 )NP )PP )VP )S )SBAR )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP Chrysler )NP (VP has (ADVP also )ADVP (VP launched (NP (NP a (ADJP (QP $ 1 billion )QP )ADJP cost-cutting program )NP (SBAR (WHNP that )WHNP (S (VP will (VP cut (NP (QP about *UNKN )QP *UNK- workers )NP (PP from (NP the payroll )NP )PP (PP in (NP the next few months )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP Revco *UNKC Inc. )NP , (NP (NP the *UNK chain )NP (SBAR (WHNP that )WHNP (S (VP filed (PP for (NP *UNK- protection )NP )PP (NP last year )NP )VP )S )SBAR )NP , )NP (VP received (NP a (ADJP (QP $ *UNKN million )QP )ADJP offer )NP (PP from (NP (NP a group )NP (VP led (PP by (NP Texas *UNK Robert Bass )NP )PP )VP )NP )PP )VP . )S  STOP
(S (NP Revco )NP (VP reacted (ADVP *UNKLY )ADVP , (S (VP saying (SBAR (S (NP the plan )NP (VP would (VP add (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP new debt )NP )PP )NP (PP to (NP the (ADJP highly leveraged )ADJP company )NP )PP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP (NP It )NP )NP (VP was (NP (NP (NP Revco 's )NP huge debt )NP (PP from (NP (NP its (ADJP (QP $ 1.3 billion )QP )ADJP leveraged buy-out )NP (PP in (NP 1986 )NP )PP )NP )PP )NP (SBAR (WHNP that )WHNP (S (VP forced (S (NP it )NP (VP to (VP seek (NP protection )NP (PP under (NP (NP Chapter 11 )NP (PP of (NP the federal Bankruptcy Code )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Revco )NP (VP insists (SBAR that (S (NP the proposal )NP (VP is (ADVP simply )ADVP (NP (NP an `` *UNK )NP (PP of (NP interest )NP )PP )NP , '' (SBAR because (S (PP under (NP Chapter 11 )NP )PP (NP Revco )NP (VP has `` (NP *UNK rights )NP '' (PP until (NP Feb. 28 )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Those rights )NP (VP prevent (NP (NP anyone )NP (ADJP other (PP than (NP Revco )NP )PP )ADJP )NP (PP from (S (VP proposing (NP a reorganization plan )NP )VP )S )PP )VP . )S  STOP
(S (ADVP Also )ADVP (PP under (NP Chapter 11 )NP )PP , (NP a reorganization plan )NP (VP is (ADJP subject (PP to (NP (NP approval )NP (PP by (NP (NP bondholders )NP , (NP banks )NP and (NP other creditors )NP )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (NP (NP (NP A financial adviser )NP (PP for (NP Revco bondholders )NP )PP )NP , (NP David *UNKC )NP , (PP of (NP *UNKC Partners )NP )PP , )NP (VP had (NP (NP mixed reactions )NP (PP to (NP the offer )NP )PP )NP )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP he )NP (VP feared (SBAR (SBAR (S (NP a Revco reorganization )NP (VP might (VP force (S (NP bondholders )NP (VP to (VP accept (NP a `` cheap deal )NP )VP )VP )S )VP )VP )S )SBAR , '' and (SBAR that (S (NP (NP the Bass group 's )NP offer )NP (VP would (VP give (NP them )NP (NP more money )NP )VP )VP )S )SBAR )SBAR )VP )S )SBAR )VP . )S  STOP
(S (ADVP However )ADVP , (NP the group )NP (VP is (VP offering (S (VP to (VP pay (PRT off )PRT (NP bondholders )NP (PP in (NP (NP (NP cash only )NP (PRN -- (NP (QP $ *UNKN million )QP )NP -- )PRN )NP and (NP no equity )NP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP The Revco bonds )NP (VP are (NP high-yield , high-risk `` junk '' bonds )NP )VP )S ; (S (S (NP holders )NP (VP have (NP (NP (QP $ 750 million )QP )NP (PP in (NP (NP claims )NP (PP against (NP Revco )NP )PP )NP )PP )NP )VP )S , (NP Mr. *UNKC )NP (VP said )VP )S . )S  STOP
(S (NP Revco )NP (VP (VP received (NP the offer )NP (NP Oct. 20 )NP )VP , but (VP issued (NP a response )NP (NP yesterday )NP (SBAR only after (S (NP (NP a copy )NP (PP of (NP the proposal )NP )PP )NP (VP was (VP made (S (ADJP public )ADJP )S (PP by (NP bondholders )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP *UNKC Partners Limited Partnership )NP , (NP (NP a (NAC Fort Worth , Texas , )NAC partnership )NP (SBAR (WHNP that )WHNP (S (VP includes (NP the Robert M. Bass Group )NP )VP )S )SBAR )NP , )NP (VP made (NP the proposal )NP )VP . )S  STOP
(S (NP Mr. Bass )NP (VP is (VP based (PP in (NP Fort Worth )NP )PP )VP )VP . )S  STOP
(S (NP Analysts )NP (VP said (SBAR (S (NP (NP the nation 's )NP second-largest *UNK chain )NP (VP was (NP a valuable company )NP , (PP despite (NP its financial *UNK )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Its problem )NP (PRN , (S (NP they )NP (VP say )VP )S , )PRN (VP is (SBAR that (S (S (NP management )NP (VP paid (NP too much )NP (PP in (NP the leveraged buy-out )NP )PP )VP )S and (S (NP the current (ADJP (QP $ *UNKN million )QP )ADJP debt load )NP (VP is (VP keeping (S (NP Revco )NP (PP in (NP the red )NP )PP )S )VP )VP )S )S )SBAR )VP . )S  STOP
(SINV `` (S (SBAR If (S (VP bought (PP at (NP the right price )NP )PP )VP )S )SBAR , (NP it )NP (VP could (ADVP still )ADVP (VP be (ADJP profitable )ADJP )VP )VP )S , '' (VP said )VP (NP (NP Jeffrey Stein )NP , (NP (NP an analyst )NP (PP at (NP (NP McDonald & Co. )NP , (NP Cleveland )NP )NP )PP )NP )NP . )SINV  STOP
(S (PP In (NP addition )NP )PP , (S (NP (NP (NP Revco 's )NP *UNKN stores )NP (PP in (NP 27 states )NP )PP )NP (VP represent (NP (NP a lot )NP (PP of (NP real estate )NP )PP )NP )VP )S , (PRN (S (NP he )NP (VP said )VP )S , )PRN and (S (S (NP *UNK )NP (VP are (VP helping (NP *UNK )NP )VP )VP )S : (S (NP (NP The nation 's )NP *UNKING population )NP (VP will (VP boost (NP (NP demand )NP (PP for (NP *UNK drugs )NP )PP )NP )VP )VP )S )S . )S  STOP
(S (NP Last week )NP , (NP (NP (NP Revco 's )NP parent company )NP , (NP *UNKC Holding Corp. )NP , )NP (VP said (SBAR (S (NP the company )NP (VP reported (NP (NP a loss )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP (PP for (NP the fiscal first quarter )NP )PP )NP , (PP compared (PP with (NP (NP a loss )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP (PP in (NP the year-earlier quarter )NP )PP )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Sales )NP (VP were (NP (QP $ *UNKN million )QP )NP , (ADVP up (NP 2.4 % )NP (PP from (NP the previous year )NP )PP )ADVP )VP . )S  STOP
(S (NP (NP The company )NP , (VP based (PP in (NP (NP *UNKC )NP , (NP Ohio )NP )NP )PP )VP , )NP (VP said (SBAR (S (NP (NP its operating profit )NP (PP before (NP depreciation and *UNK )NP )PP )NP (VP increased (NP 51 % )NP , (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC Partners )NP and (NP the Bass Group )NP )NP (VP declined (S (VP to (VP comment )VP )VP )S )VP . )S  STOP
(S (NP The partnership )NP (ADVP also )ADVP (VP includes (NP (NP American Express Co. )NP , (NP (NP *UNKC Life *UNKC Society )NP (PP of (NP the U.S. )NP )PP )NP and (NP Shearson Lehman Hutton Inc )NP )NP )VP . )S  STOP
(S (NP The offer )NP (VP consists (PP of (NP (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP cash )NP )PP )NP and (NP (NP the rest )NP (PP in (NP notes )NP )PP )NP )NP )PP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP would (VP sell (NP (NP (QP up to 10 )QP % )NP (PP of (NP (NP the equity )NP (PP in (NP the *UNKED company )NP )PP )NP )PP )NP (PP to (NP creditors and bondholders )NP )PP (PP in (NP (NP exchange )NP (PP for (NP the cash distribution )NP )PP )NP )PP )VP )VP )S , but (S (NP creditors and bondholders )NP (VP would (VP receive (NP no discount )NP (PP for (NP their shares )NP )PP )VP )VP )S . )S  STOP
(S (NP (NP (NP Revco 's )NP chairman and chief executive officer )NP , (NP *UNKC A. *UNKC )NP , )NP (VP said (SBAR (S (S (NP both (NP the company )NP and (NP the bondholders )NP )NP (VP have (VP put (PRT *UNK )PRT (NP reorganization plans )NP )VP )VP )S , but (S (NP little progress )NP (VP has (VP been (VP made (SBAR since (S (NP negotiations )NP (VP began (NP this summer )NP )VP )S )SBAR )VP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP he )NP (VP has not (VP met (PP with (NP (NP representatives )NP (PP from (NP *UNKC )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Any reorganization proposal )NP , (PRN (S (NP Mr. Sells )NP (VP said )VP )S , )PRN (VP is (ADJP difficult (SBAR (S (VP to (VP assess )VP )VP )S )SBAR )ADJP (SBAR because (S (NP it )NP (VP must (VP be (VP agreed (PP upon )PP (PP by (NP the (NX (NX company )NX , (NX bondholders )NX , (NX banks )NX and (NX other creditors )NX )NX )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Revco )NP (VP has (NP (NP (QP $ 1.5 billion )QP )NP (PP in (NP claims )NP )PP (ADJP outstanding )ADJP )NP )VP . )S  STOP
(S (S `` (NP It )NP (VP 's not (SBAR like (S (NP the board )NP (VP can (VP decide '' (PP by (NP itself )NP )PP )VP )VP )S )SBAR )VP )S , (NP Mr. Sells )NP (VP said , (S (VP adding , `` (S (NP we )NP (VP 're (ADJP *UNK (PP to (NP -LRB- the Bass -RRB- plan )NP )PP )ADJP )VP )S )VP )S )VP . )S  STOP
(S (NP We )NP (ADVP just )ADVP (VP want (NP (NP a plan )NP (SBAR (WHNP that )WHNP (S (S (VP *UNK (NP creditors )NP )VP )S and (S (PP at (NP the end )NP )PP (VP leaves (NP a healthy Revco )NP )VP )S )S )SBAR )NP )VP . '' )S  STOP
(S But (NP (NP Mr. *UNKC )NP , (NP (NP the bondholders ' )NP adviser )NP , )NP (VP said (SBAR (S (NP Revco )NP (VP was (VP *UNKING (NP its feet )NP (PP in (S (VP responding (PP to (NP the proposal )NP )PP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP They )NP (VP want (S (VP to (VP *UNK (SBAR (S (NP it )NP (VP does n't (VP exist )VP )VP )S )SBAR )VP )VP )S )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP met (PP with (NP *UNKC representatives )NP )PP (PP on (NP Oct. 10 )NP )PP )VP )S )SBAR , )NP (VP said , `` (S (NP It )NP (VP 's (ADVP certainly )ADVP (NP a responsible offer )NP )VP )S )VP . )S  STOP
(S (NP It )NP (VP 's not (NP an effort (S (VP to (VP *UNK (NP the company )NP '' (PP in (NP (NP the middle )NP (PP of (NP the night )NP )PP )NP )PP )VP )VP )S )NP )VP . )S  STOP
(S (NP *UNKC futures prices )NP (VP failed (S (VP to (VP extend (NP (NP Friday 's )NP rally )NP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (VP came (PP because of (NP concern (SBAR that (S (NP (NP demand )NP (PP for (NP copper )NP )PP )NP (VP may (VP slow (PRT down )PRT )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The December contract )NP (VP was (ADVP down (NP (NP three cents )NP (NP a pound )NP )NP )ADVP , (S (VP settling (PP at (NP (NP $ *UNKN )NP , (SBAR (WHNP which )WHNP (S (VP was (PP just above (NP (NP (NP the day 's )NP low )NP (PP of (NP $ *UNKN )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP )S )VP . )S  STOP
(S (S (NP Futures prices )NP (VP fell (PP during (NP (QP three of five )QP sessions )NP )PP (NP last week )NP )VP )S , and (S (NP (NP the losses )NP , (ADVP *UNKLY and *UNKLY )ADVP , )NP (VP were (ADJP (ADJP greater )ADJP (PP than (NP the advances )NP )PP )ADJP )VP )S . )S  STOP
(S (NP (NP (NP Two )NP (PP of (NP the major factors )NP )PP (VP *UNKING (NP prices )NP )VP )NP , (NP (NP the prolonged strikes )NP (PP at (NP (NP (NP the *UNKC Valley mine )NP (PP in (NP Canada )NP )PP )NP and (NP (NP the *UNKC mine )NP (PP in (NP Mexico )NP )PP )NP )NP )PP )NP , )NP (VP were (ADVP finally )ADVP (VP resolved )VP )VP . )S  STOP
(S (ADVP Also )ADVP , (S (NP (NP the premiums )NP (VP paid (PP by (NP the U.S. government )NP )PP (PP on (NP (NP a purchase )NP (PP of (NP copper )NP )PP (PP for (NP the U.S. *UNKC )NP )PP )NP )PP )VP )NP (VP (VP were (ADJP (ADJP lower )ADJP (SBAR than (S (VP expected )VP )S )SBAR )ADJP )VP , and (VP acted (PP as (NP a price *UNK )NP )PP )VP )VP )S , (NP analysts )NP (VP said )VP . )S  STOP
(S (NP The *UNK purchases )NP (VP were (PP at (NP (NP premiums )NP (PP (NP (NP (QP about 4 1\/2 )QP cents )NP (NP a pound )NP )NP above (NP (NP the *UNK prices )NP (PP for (NP the copper )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (PP At (NP the time )NP )PP (NP *UNK )NP (VP were (VP asking (PP for (NP (NP premiums )NP (PP of (NP (NP (QP about five )QP cents )NP (NP a pound )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP All this )NP (VP has (VP led (PP to (NP (NP prolonged selling )NP (PP in (NP futures )NP )PP , (PP (ADVP mostly )ADVP on (NP (NP the part )NP (PP of (NP *UNKED funds )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Prices )NP (VP (VP fell (PP through (NP (NP levels )NP (VP regarded (PP as (NP important support areas )NP )PP )VP )NP )PP )VP , (SBAR (WHNP which )WHNP (S (VP added (PP to (NP the selling )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The reluctance )NP (PP of (NP traders )NP )PP (S (VP to (VP buy (NP contracts )NP )VP )VP )S )NP (VP indicates (SBAR that (S (NP they )NP (VP have (VP begun (S (VP focusing (PP on (NP (NP demand )NP (PP rather than (NP supply )NP )PP )NP )PP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (QP At least one )QP analyst )NP (VP noted (SBAR that (S (SBAR as (S (NP production )NP (VP *UNK )VP )S )SBAR , (NP (NP the concern )NP (PP among (NP traders )NP )PP )NP (VP is (SBAR whether (S (NP the prospective increased supply )NP (VP will (VP find (NP buyers )NP )VP )VP )S )SBAR (ADVP because (PP of (NP (NP uncertainty )NP (PP over (NP national economies )NP )PP )NP )PP )ADVP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP (NP *UNKC )NP (PP from (NP Japan )NP )PP )NP (VP is (VP expected (S (VP to (VP continue (S (ADJP strong )ADJP )S )VP )VP )S , (FRAG but not (PP from (NP (NP other areas )NP (PP of (NP the world )NP )PP )NP )PP (PP into (NP (NP the first quarter )NP (PP of (NP next year )NP )PP )NP )PP )FRAG )VP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP Japan )NP (ADVP normally )ADVP (VP depends (ADVP heavily )ADVP (PP on (NP (NP the *UNKC Valley and *UNKC mines )NP (CONJP as well as )CONJP (NP (NP the *UNKC mine )NP (PP in (NP *UNKC New *UNKC )NP )PP )NP )NP )PP )VP . )S  STOP
(S (ADVP Recently )ADVP , (NP Japan )NP (VP has (VP been (VP buying (NP copper )NP (ADVP elsewhere )ADVP )VP )VP )VP . )S  STOP
(S But (SBAR as (S (NP (NP *UNKC Valley )NP and (NP *UNKC )NP )NP (VP begin (S (VP operating )VP )S )VP )S )SBAR , (NP they )NP (VP are (VP expected (S (VP to (VP resume (NP (NP their *UNK )NP (PP as (NP (NP Japan 's )NP suppliers )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP According (PP to (NP (NP *UNKED *UNKC )NP , (NP (NP metals economist )NP (PP for (NP (NP Drexel Burnham Lambert )NP , (NP New York )NP )NP )PP )NP )NP )PP )PP , `` (S (NP *UNKC Valley )NP (VP has (ADVP already )ADVP (VP started (S (VP operating )VP )S )VP )VP )S and (S (NP *UNKC )NP (VP is (VP expected (S (VP to (VP do (ADVP so )ADVP (ADVP soon )ADVP )VP )VP )S )VP )VP )S . '' )S  STOP
(S (NP The *UNKC mine )NP (VP is (VP (ADVP generally )ADVP expected (S (VP to (VP remain (ADJP closed )ADJP (PP until (NP (NP (ADVP at least )ADVP the end )NP (PP of (NP the year )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP It )NP (VP has n't (VP been (VP operating (PP since (NP May 15 )NP )PP (PP because of (NP (NP attacks )NP (PP by (NP native *UNK )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP A recent attempt (S (VP to (VP resume (NP operations )NP )VP )VP )S )NP (VP was (VP cut (S (ADJP short )ADJP )S (ADVP quickly )ADVP (PP by (NP these attacks )NP )PP )VP )VP . )S  STOP
(S (ADVP However )ADVP , (NP traders )NP (VP *UNKED (NP (NP (NP a potential production *UNK )NP (PP in (NP *UNKC )NP )PP )NP and (NP (NP a continued drop )NP (PP in (NP inventories )NP )PP )NP )NP )VP . )S  STOP
(S (NP (NP Workers )NP (PP at (NP (NP two *UNKC mines )NP , (NP (NP Los *UNKC )NP and (NP El *UNKC )NP )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (PP to (NP the *UNKED *UNKC *UNKC group )NP )PP )VP )S )SBAR , )NP )PP )NP (VP will (VP vote (NP Thursday )NP (PP on (SBAR whether (S (VP to (VP strike (SBAR after (S (NP a two-year labor pact )NP (VP ends (NP today )NP )VP )S )SBAR )VP )VP )S )SBAR )PP )VP )VP . )S  STOP
(S (NP The mines )NP (VP produced (NP (NP a total )NP (PP of (NP (NP *UNKN tons )NP (PP of (NP copper )NP )PP )NP )PP )NP (PP in (NP 1988 )NP )PP )VP . )S  STOP
(S (PP According (PP to (NP (NP Drexel 's )NP Mr. *UNKC )NP )PP )PP , (NP the potential strike )NP (VP is (VP (VP expected (S (VP to (VP be (VP resolved (ADVP quickly )ADVP )VP )VP )VP )S )VP , (SBAR (WHNP which )WHNP (S (VP may (VP be (NP (NP one reason )NP (SBAR (WHADVP why )WHADVP (S (NP the situation )NP (VP did n't (VP affect (NP prices )NP (ADVP much )ADVP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Another analyst )NP (VP said (SBAR that , (S (SBAR if (S (NP there )NP (VP was (NP any concern )NP )VP )S )SBAR , (NP it )NP (VP was (SBAR that (S (NP a strike )NP (VP could (VP encourage (NP (NP other *UNK )NP (PP in (NP *UNKC )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP London *UNKC Exchange copper inventories )NP (VP (VP fell (NP *UNKN tons )NP (NP last week )NP (PP to (NP *UNKN tons )NP )PP )VP , (NP a *UNKED decline )NP )VP . )S  STOP
(S But (NP that development )NP (ADVP also )ADVP (VP had (NP (NP little effect )NP (PP on (NP (NP traders ' )NP sentiment )NP )PP )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR that (S (NP (NP stocks )NP (PP of (NP copper )NP )PP (PP in (NP (NP U.S. producers ' )NP hands )NP )PP )NP (PP at (NP (NP the end )NP (PP of (NP September )NP )PP )NP )PP (VP were (ADVP down (NP *UNKN metric tons )NP (PP from (NP August )NP )PP (PP to (NP 30,000 tons )NP )PP )ADVP )VP )S )SBAR )VP . )S  STOP
(S (PP *UNKC (NP the U.S. )NP )PP (PRN , (NP he )NP (VP said )VP , )PRN (NP (NP producer stocks )NP (PP at (NP (NP the end )NP (PP of (NP August )NP )PP )NP )PP )NP (VP were (NP (NP *UNKN tons )NP , (ADVP down (NP 3,000 tons )NP (PP from (NP (NP the end )NP (PP of (NP July )NP )PP )NP )PP )ADVP )NP )VP . )S  STOP
(S (S (NP (NP Consumer stocks )NP (PP of (NP copper )NP )PP (PP in (NP the U.S. )NP )PP )NP (VP fell (PP to (NP *UNKN tons )NP )PP (PP at (NP (NP the end )NP (PP of (NP September )NP )PP )NP )PP (PP from (NP *UNKN tons )NP (ADVP (NP a month )NP earlier )ADVP )PP )VP )S , and (S (NP (NP stocks )NP (PP of (NP copper )NP )PP (VP held (PP by (NP (NP consumers and *UNK )NP (PP outside (PP of (NP the U.S. )NP )PP )PP )NP )PP (PP at (NP (NP the end )NP (PP of (NP July )NP )PP )NP )PP )VP )NP (VP stood (PP at (NP *UNKN tons )NP )PP , (ADVP down (PP from (NP *UNKN tons )NP (PP in (NP June )NP )PP )PP )ADVP )VP )S . )S  STOP
(S (NP (NP The high point )NP (PP of (NP (NP foreigners ' )NP copper stocks )NP )PP )NP (NP this year )NP (VP was (NP *UNKN tons )NP (PP at (NP (NP the end )NP (PP of (NP April )NP )PP )NP )PP , (PP according (PP to (NP Mr. *UNKC )NP )PP )PP )VP . )S  STOP
(FRAG (PP In (NP other commodity markets )NP )PP (NP yesterday )NP : )FRAG  STOP
(NP *UNKC AND *UNKC : )NP  STOP
(S (NP (NP The prices )NP (PP of (NP most corn , *UNK and *UNK futures contracts )NP )PP )NP (VP dropped (ADVP slightly )ADVP (SBAR as (S (NP (NP farmers )NP (PP in (NP the Midwest )NP )PP )NP (VP continued (S (VP to (VP *UNK (NP (NP *UNK )NP (SBAR (WHNP that )WHNP (S (VP were (VP *UNKED (PP by (NP the 1988 *UNK )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Buying )NP (PP by (NP the Soviets )NP )PP )NP (VP has (VP helped (S (VP to (VP *UNK (PRT up )PRT (NP corn prices )NP )VP )VP )S (PP in (NP recent weeks )NP )PP )VP )VP )S , but (S (NP (NP a lack )NP (PP of (NP any new purchases )NP )PP )NP (VP kept (NP prices )NP (PP in (NP the *UNK )NP )PP )VP )S . )S  STOP
(NP *UNKC : )NP  STOP
(S (NP Futures prices )NP (VP rose (ADVP slightly )ADVP (PP in (NP (NP a market )NP (VP filled (PP with (NP rumors (SBAR that (S (NP a new international coffee agreement )NP (VP might (ADVP still )ADVP (VP be (VP achieved )VP )VP )VP )S )SBAR )NP )PP )VP )NP )PP )VP . )S  STOP
(S (NP The December contract )NP (VP ended (PP with (NP (NP a gain )NP (PP of (NP (NP *UNKN cents )NP (NP a pound )NP )NP )PP )NP )PP (PP at (NP *UNKN cents )NP )PP )VP . )S  STOP
(S (PP According (PP to (NP one analyst )NP )PP )PP , (NP prices )NP (VP opened (ADVP higher )ADVP (PP because of (NP (NP reports )NP (PP over (NP the weekend )NP )PP (SBAR that (S (NP Brazil and Colombia )NP , (PP at (NP (NP the *UNKC summit meeting )NP (PP in (NP Costa Rica )NP )PP )NP )PP , (VP had (VP agreed (PP to (NP (NP a reduction )NP (PP in (NP their coffee export *UNK )NP )PP )NP )PP (PP for (NP (NP the *UNK )NP (PP of (S (VP creating (NP a new agreement )NP )VP )S )PP )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (S (NP (NP The reports )NP , (VP attributed (PP to (NP (NP the Colombian minister )NP (PP of (NP economic development )NP )PP )NP )PP )VP , )NP (VP said (SBAR (S (S (NP Brazil )NP (VP would (VP give (PRT up )PRT (NP (NP 500,000 *UNK )NP (PP of (NP its *UNK )NP )PP )NP )VP )VP )S and (S (NP Colombia )NP (NP 200,000 bags )NP )S )S )SBAR )VP )S , (NP the analyst )NP (VP said )VP . )S  STOP
(S (S (NP These reports )NP (VP were (ADVP later )ADVP (VP denied (PP by (NP (NP a high Brazilian official )NP , (SBAR (WHNP who )WHNP (S (VP said (SBAR (S (NP Brazil )NP (VP was n't (ADJP involved (PP in (NP (NP any coffee discussions )NP (PP on (NP quotas )NP )PP )NP )PP )ADJP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )VP )S , (NP the analyst )NP (VP said )VP . )S  STOP
(S (NP The Colombian minister )NP (VP was (VP said (S (VP to (VP have (VP referred (PP to (NP (NP a letter )NP (SBAR (SBAR (WHNP that )WHNP (S (NP he )NP (VP said (SBAR (S (NP President Bush )NP (VP sent (PP to (NP Colombian President *UNKC *UNKC )NP )PP )VP )S )SBAR )VP )S )SBAR , and (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP President Bush )NP (VP said (SBAR (S (NP (NP it )NP )NP (VP was (ADJP possible )ADJP (S (VP to (VP overcome (NP (NP obstacles )NP (PP to (NP a new agreement )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP )S )SBAR )SBAR )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP The minister )NP (VP was (ADVP also )ADVP (VP quoted (PP as (S (VP saying (SBAR that (S (NP a new pact )NP (VP could (VP be (VP achieved (PP during (NP (NP the first half )NP (PP of (NP next year )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP )S )PP , (PP according (PP to (NP the analyst )NP )PP )PP )VP )VP . )S  STOP
(NP *UNKC *UNKC : )NP  STOP
(S (NP Futures prices )NP (VP showed (NP modest changes )NP (PP in (NP light trading volume )NP )PP )VP . )S  STOP
(S (NP December delivery gold )NP (VP eased (NP (NP 40 cents )NP (NP an ounce )NP )NP (PP to (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (NP December silver )NP (VP was (ADVP off (NP (NP 3.7 cents )NP (NP an ounce )NP )NP )ADVP (PP at (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (NP January *UNK )NP (VP rose (NP (NP 90 cents )NP (NP an ounce )NP )NP (PP at (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (NP The market )NP (VP turned (ADJP quiet )ADJP (PP after (S (VP rising (ADVP sharply )ADVP (NP late last week )NP )VP )S )PP , (PP according (PP to (NP one analyst )NP )PP )PP )VP . )S  STOP
(S (S (NP (NP (NP (NP Last week 's )NP uncertainty )NP (PP in (NP the stock market )NP )PP )NP and (NP a weaker dollar )NP )NP (VP triggered (NP (NP a flight )NP (PP to (NP safety )NP )PP )NP )VP )S (PRN , (S (NP he )NP (VP said )VP )S , )PRN but (S (NP yesterday )NP (NP the market )NP (VP *UNKED (NP such *UNK )NP )VP )S . )S  STOP
(S (S (NP There )NP (VP was (NP some *UNKING )NP (SBAR because (S (NP (NP prices )NP (PP for (NP all the precious metals )NP )PP )NP (VP had (VP risen (PP to (NP (NP levels )NP (SBAR (WHPP at (WHNP which )WHNP )WHPP (S (NP there )NP (VP was (NP (NP resistance )NP (PP to (NP further advance )NP )PP )NP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (NP The dollar )NP (VP (VP was (ADVP also )ADVP (ADJP slightly *UNK )ADJP )VP and (VP prompted (NP some selling )NP , (ADVP as well )ADVP )VP , (PP according (PP to (NP the analyst )NP )PP )PP )VP . )S  STOP
(S (NP *UNKC Corp. )NP (VP said (SBAR (S (NP its board )NP (VP authorized (NP (NP the purchase )NP (PP of (NP (NP (QP as many as five million )QP )NP (PP of (NP its common shares )NP )PP )NP )PP (PP for (NP (NP employee stock plans )NP and (NP other general corporate purposes )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The forest-products concern )NP (ADVP currently )ADVP (VP has (NP (NP (QP about 38 million )QP shares )NP (ADJP outstanding )ADJP )NP )VP . )S  STOP
(S (PP In (NP (NP (NP yesterday 's )NP composite trading )NP (PP on (NP the New York Stock Exchange )NP )PP )NP )PP , (NP *UNKC shares )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP down (NP 37.5 cents )NP )ADVP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP the Supreme Soviet )NP (VP (VP passed (NP (NP laws )NP (PP on (NP (NP workers ' )NP rights )NP )PP )NP (PP in (NP May 1987 )NP )PP )VP and (VP (PP on (NP *UNKING *UNK )NP )PP (ADVP (NP a year )NP later )ADVP )VP )VP )S )SBAR , (NP some Western observers )NP (VP assumed (SBAR (S (NP Mikhail Gorbachev )NP (VP had (VP launched (NP the Soviet Union )NP (PP on (NP (NP a course )NP (SBAR (WHNP that )WHNP (S (VP would (VP lead (ADVP *UNKLY )ADVP (PP to (NP (NP the creation )NP (PP of (NP a market economy )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Their only doubt )NP (VP concerned (NP the possibility (SBAR (SBAR that (S (NP Mr. Gorbachev )NP (VP might not (VP survive (NP (NP the opposition )NP (SBAR (WHNP that )WHNP (S (NP his reforms )NP (VP would (VP *UNK )VP )VP )S )SBAR )NP )VP )VP )S )SBAR and (SBAR that (S (NP the whole process )NP (VP might (VP be (VP *UNKED )VP )VP )VP )S )SBAR )SBAR )NP )VP . )S  STOP
(S (SBAR If (S (NP (NP Mr. Gorbachev 's )NP goal )NP (VP is (NP (NP the creation )NP (PP of (NP a free market )NP )PP )NP )VP )S )SBAR , (NP (NP he )NP and (NP these Western observers )NP )NP (VP have (NP (NP good reason )NP (SBAR (S (VP to (VP fear (PP for (NP his future )NP )PP )VP )VP )S )SBAR )NP , (SBAR as (S (NP (NP economic *UNK )NP (PP within (NP communist *UNK )NP )PP )NP (VP leads (ADVP *UNKLY )ADVP (PP to (NP (NP demands )NP (PP for (NP fundamental political reform )NP )PP (VP accompanied (PP by (NP civil *UNK )NP )PP )VP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP These fears )NP (VP were (ADJP clearly apparent )ADJP (SBAR (WHADVP when )WHADVP , (S (NP last week )NP , (NP (NAC Secretary (PP of (NP State )NP )PP )NAC James Baker )NP (VP *UNKED (NP (NP a speech )NP (PP by (NP (NP Robert Gates )NP , (NP (NP deputy national security adviser )NP and (NP Soviet expert )NP )NP , )NP )PP )NP (PP on (NP the ground (SBAR that (S (NP it )NP (VP was (ADJP too pessimistic (PP about (NP (NP the chances )NP (PP of (S (NP (NP Mr. Gorbachev 's )NP economic reforms )NP (VP succeeding )VP )S )PP )NP )PP )ADJP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(S Yet (S (NP (NP the Soviet leader 's )NP (NX (NX *UNK (S (VP to (VP *UNK (PP on (NP foreign visits )NP )PP )VP )VP )S )NX and (NX (NX steady *UNK )NX (PP of (NP personal power )NP )PP , (PP (ADVP particularly )ADVP since (NP (NP the last Politburo *UNK )NP (PP on (NP Sept. 30 )NP )PP )NP )PP , )NX )NX )NP (VP do not (VP suggest (SBAR that (S (NP Mr. Gorbachev )NP (VP is (PP on (NP (NP the *UNK )NP (PP of (S (VP being (VP *UNKED )VP )VP )S )PP )NP )PP )VP )S )SBAR )VP )VP )S ; nor (SINV does (NP he )NP (VP look (ADJP likely (S (VP to (VP reverse (NP (NP the powers )NP (PP of (NP perestroika )NP )PP )NP )VP )VP )S )ADJP )VP )SINV . )S  STOP
(S (ADVP Indeed )ADVP , (NP (NP the Soviet *UNK strike )NP (NP this summer )NP )NP (VP (ADVP clearly )ADVP *UNKED (SBAR that (S (NP Mr. Gorbachev )NP (VP must (VP proceed (PP with (NP economic reform )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(SQ But is (NP he )NP (ADJP (ADJP so *UNK )ADJP (SBAR that (S (NP he )NP (VP has (VP achieved (NP (NP the political equivalent )NP (PP of (S (VP making (S (NP water )NP (VP run (ADVP *UNK )ADVP )VP )S )VP )S )PP )NP )VP )VP )S )SBAR )ADJP ? )SQ  STOP
(SQ And has (NP he )NP (ADVP truly )ADVP (VP *UNKED (NP the Communist Party )NP (S (VP to (VP accept (NP (NP economic change )NP (PP of (NP (NP a kind )NP (SBAR (WHNP that )WHNP (S (VP will , (ADVP sooner or later )ADVP , (VP lead (PP to (NP its *UNK )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP ? )SQ  STOP
(S (NP (NP An (ADJP (ADJP alternative )ADJP and (ADJP more *UNKING )ADJP )ADJP explanation )NP , (VP confirmed (PP by (NP (NP recent events )NP and (NP (NP a close *UNK )NP (PP of (NP the Gorbachev program )NP )PP )NP )NP )PP )VP , )NP (VP is (SBAR that (S (NP the new Soviet (ADJP economic and social )ADJP structures )NP (VP are (VP intended (S (VP to (VP *UNK (PP to (NP (NP a model )NP (ADJP other (PP than (NP (NP that )NP (PP of (NP the market )NP )PP )NP )PP )ADJP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP example )NP )PP , (SBAR while (S (NP (NP the laws )NP (PP on (NP individual labor activity )NP )PP )NP (VP allow (S (NP a *UNK )NP (VP to (VP earn (NP (NP a living )NP (ADJP independent (PP of (NP the state )NP )PP )ADJP )NP )VP )VP )S )VP )S )SBAR , (NP (NP strict provisions )NP )NP (VP are (VP attached (PP on (SBAR (WHADVP how far )WHADVP (S (NP this )NP (VP may (VP lead (PP to (NP (NP the development )NP (PP of (NP a free market )NP )PP )NP )PP )VP )VP )S )SBAR )PP )VP )VP . )S  STOP
(S (PP Before (S (VP (VP becoming (ADJP *UNKED )ADJP )VP , or (VP setting (PRT up )PRT (NP a cooperative )NP )VP )VP )S )PP , (NP workers )NP (VP must (VP seek (NP (NP permission )NP (PP from (NP (NP the local *UNK )NP (PRN -LRB- (NP council )NP -RRB- )PRN )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP is (ADVP far (PP from (ADJP *UNK )ADJP )PP )ADVP )VP )S : (S (S (NP The *UNK )NP (VP have (NP the legal right (S (VP to (VP (VP turn (PRT down )PRT (NP applications )NP )VP and (VP impose (NP conditions )NP )VP )VP )VP )S )NP )VP )S , and (S (NP they )NP (VP appear (S (VP to (VP be (VP *UNKING (NP these powers )NP )VP )VP )VP )S )VP )S )S . )S  STOP
(S (S (NP Private *UNKING )NP , (PP for (NP example )NP )PP , (VP is (VP (VP allowed (PP in (NP 10 Soviet *UNK )NP )PP )VP but (VP banned (PP by (NP five )NP )PP )VP )VP )VP )S ; (S (NP *UNKING )NP (VP (VP is (VP allowed (PP in (NP seven )NP )PP )VP )VP but (VP (ADJP illegal )ADJP (PP in (NP nine )NP )PP )VP )VP )S . )S  STOP
(S (NP (NP The controls )NP (PP on (NP *UNK )NP )PP )NP (VP appeared (ADJP relatively liberal )ADJP (SBAR (WHADVP when )WHADVP (S (ADVP first )ADVP (VP introduced )VP )S )SBAR )VP . )S  STOP
(S But (NP that )NP (VP changed (PP following (NP (NP a resolution )NP (PP from (NP the Supreme Soviet )NP )PP (VP (VP banning (NP cooperatives )NP (PP from (S (VP operating (PP in (NP (NP some areas )NP (PP of (NP the economy )NP )PP )NP )PP )VP )S )PP )VP , and (VP *UNKING (NP activity )NP (PP in (NP others )NP )PP (SBAR only if (S (NP the cooperatives )NP (VP are (PP under (NP (NP contract )NP (PP to (NP the state )NP )PP )NP )PP )VP )S )SBAR )VP )VP )NP )PP )VP . )S  STOP
(S (S (NP All independent media activity )NP (VP (VP is (ADVP now )ADVP (ADJP illegal )ADJP )VP , (SBAR (WHNP which )WHNP (S (ADVP perhaps )ADVP (VP is not (ADJP surprising )ADJP )VP )S )SBAR )VP )S , but (SINV (ADVP so )ADVP (VP is )VP (NP (NP the manufacture )NP (PP of (NP (NP *UNK )NP , (NP cosmetics )NP , (NP household chemicals )NP and (NP sand *UNK )NP )NP )PP )NP )SINV . )S  STOP
(S (NP Medical cooperatives )NP , (PP among (NP (NP the (ADJP most successful )ADJP )NP (PP in (NP the *UNKC )NP )PP )NP )PP , (VP are (VP banned (PP from (S (VP (VP providing (NP (NP *UNK- services )NP (PRN -LRB- (NP (NP their main source )NP (PP of (NP income )NP )PP )NP -RRB- )PRN )NP )VP , (VP carrying (PRT out )PRT (NP surgery )NP )VP , and (VP *UNKING (NP (NP cancer patients )NP , (NP drug *UNK )NP and (NP pregnant women )NP )NP )VP )VP )S )PP )VP )VP . )S  STOP
(S (NP Earlier this month )NP , (NP the Supreme Soviet )NP (VP adopted (NP (NP (NP two more *UNK )NP (VP *UNKING (NP (NP the freedom )NP (PP of (NP cooperatives )NP )PP )NP )VP )NP : (S (S (NP The first )NP (VP *UNK (S (NP the *UNK )NP (VP to (VP set (NP (NP prices )NP (SBAR (WHPP for (WHNP which )WHNP )WHPP (S (NP goods )NP (VP may (VP be (VP sold )VP )VP )VP )S )SBAR )NP )VP )VP )S )VP )S ; (S (NP the second )NP (VP *UNK (NP cooperatives )NP (PP from (S (VP buying `` (NP industrial and food goods )NP '' (PP from (NP (NP the state )NP or (NP other cooperatives )NP )NP )PP )VP )S )PP )VP )S )S )NP )VP . )S  STOP
(S (SBAR If (S (NP Mr. Gorbachev )NP (VP is (VP looking (PP toward (S (VP *UNKING (NP (NP the *UNK forces )NP (PP of (NP the market )NP )PP )NP )VP )S )PP )VP )VP )S )SBAR , (NP these latest *UNK )NP (VP are (NP (NP nothing )NP (ADVP short (PP of (ADJP reckless )ADJP )PP )ADVP )NP )VP . )S  STOP
(S (ADVP Along (PP with (NP some other *UNKING indicators )NP )PP )ADVP , (NP these developments )NP (VP suggest (SBAR that (S (SBAR while (S (NP Mr. Gorbachev )NP (VP *UNK (S (VP to (VP move (ADVP away (PP from (NP some rigid central controls )NP )PP )ADVP )VP )VP )S )VP )S )SBAR , (NP he )NP (VP is (ADJP *UNK (PP on (S (VP creating (NP (NP economic structures )NP (PP of (NP (NP a kind )NP (SBAR (WHNP that )WHNP (S (VP would (ADVP *UNKLY )ADVP (VP find (NP favor )NP (PP with (NP (NP the (UCP *UNKC or Chicago )UCP schools )NP (PP of (NP economic thought )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP )S )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Gorbachev )NP (VP has (VP ruled (PRT out )PRT (NP (NP the use )NP (PP of (NP the market )NP )PP (S (VP to (VP solve (NP (NP the problem )NP (PP of (NP *UNK consumer goods )NP )PP )NP )VP )VP )S )NP )VP )VP . )S  STOP
(S (NP He )NP (VP told (NP (NP the Congress )NP (PP of (NP (NP People 's )NP *UNKC )NP )PP )NP (PP on (NP May 30 )NP )PP : `` (S (NP We )NP (VP do not (VP share (NP this approach )NP , (SBAR since (S (NP it )NP (VP would (ADVP immediately )ADVP (VP (VP destroy (NP the social situation )NP )VP and (VP *UNK (NP (NP all the processes )NP (PP in (NP the country )NP )PP )NP )VP )VP )VP )S )SBAR )VP )VP )S )VP . '' )S  STOP
(S (S (VP Having (VP (VP rejected (NP central economic planning )NP (PP for (NP economic reasons )NP )PP )VP , and (VP (NP the market )NP (PP for (NP (NP fear )NP (PP of (NP the social (PRN -LRB- political -RRB- )PRN consequences )NP )PP )NP )PP )VP )VP )VP )S , (NP Mr. Gorbachev )NP (VP seeks (NP (NP a `` third way '' )NP (SBAR (WHNP that )WHNP (S (VP would (VP combine (NP (NP the discipline and controls )NP (PP of (NP the former )NP )PP )NP (PP with (NP (NP the economic benefits )NP (PP of (NP the latter )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADJP Most important )ADJP , (NP this )NP (VP would (VP leave (S (S (NP the party )NP (ADJP intact )ADJP )S and (S (NP (NP its *UNKLY )NP (PP of (NP political power )NP )PP )NP (ADJP largely *UNKED )ADJP )S )S )VP )VP . )S  STOP
(S (ADVP Indeed )ADVP , (NP (NP Mr. Gorbachev 's )NP proposals )NP (VP display (NP (NP a close *UNK *UNK )NP (PP to (NP (NP the *UNK )NP (PP of (NP (NP Italian *UNK )NP , (SBAR (WHNP whose *UNK )WHNP (S (VP spoke (ADVP specifically )ADVP (PP (PP of (NP a `` third way '' )NP )PP : (PP of (S (VP having (VP produced (NP (NP a *UNK *UNK )NP (PP of (NP socialism and *UNK )NP )PP )NP )VP )VP )S )PP )PP )VP )S )SBAR )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP They )NP , (ADVP too )ADVP , (VP promised (S (VP to (VP combine (NP economic efficiency )NP (PP with (NP order and discipline )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP The *UNK )NP (PP of (NP Russian *UNK )NP )PP )NP (VP had (VP been (VP anticipated (PP in (NP (NP (NP *UNK George Urban 's )NP introduction )NP (PP to (NP (NP (NP a series )NP (PP of (NP *UNK )NP )PP )NP (PRN -- `` (SQ *UNKC (NP the Soviet System )NP (VP *UNKC (NP *UNKC )NP )VP )SQ ? '' -- )PRN (VP published (NP this spring )NP )VP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S `` (NP *UNKC )NP (VP will (VP reach (NP (NP its final stage )NP (PP of (NP development )NP )PP )NP (PP in (NP (NP a *UNK *UNKC )NP (PRN -- (ADJP (ADJP *UNK- (PP in (NP form )NP )PP )ADJP , (ADJP *UNK (PP in (NP *UNK )NP )PP )ADJP and (ADJP *UNKC (PP in (NP style )NP )PP )ADJP )ADJP -- )PRN (SBAR (WHNP that )WHNP (S (VP will (VP *UNK (NP the world )NP (PP with (S (VP *UNKING (NP (NP *UNK )NP (PP of (NP *UNK and *UNK )NP )PP )NP )VP )S )PP )VP )VP )S )SBAR )NP )PP )VP )VP ... . '' )S  STOP
(S (NP (NP The *UNK concept )NP (PP of (NP *UNK )NP )PP )NP (VP *UNKED (NP (NP an `` *UNK '' society )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP citizens )NP (VP were (ADJP (ADJP (ADVP *UNKLY and *UNKLY )ADVP *UNKED )ADJP , and (ADJP prepared (S (VP to (VP *UNK (NP themselves )NP (PP for (NP the nation )NP )PP )VP )VP )S )ADJP )ADJP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP This *UNK )NP (VP was (S (VP to (VP be (VP brought (PRT about )PRT (PP through (NP (NP policies and institutions )NP (SBAR (WHNP that )WHNP (S (VP would (VP *UNK (NP workers and employers )NP (PP with (NP government )NP )PP (PP in (NP a (ADJP (ADJP fully integrated )ADJP and (ADJP `` *UNK '' )ADJP )ADJP society )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP (NP The key )NP (PP to (NP (NP the creation )NP (PP of (NP the `` *UNK '' state )NP )PP )NP )PP )NP (VP lay (PP in (NP (NP the *UNK )NP (PP of (NP (NP `` natural '' groups )NP (SBAR (WHNP that )WHNP (S (VP would (VP *UNK (NP (NP the role )NP (PP of (NP *UNKING )NP )PP )NP )VP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (PP By (NP contrast )NP )PP , (NP (NP a parliamentary system )NP (VP based (PP on (NP *UNK political rights and groups )NP )PP )VP )NP (VP was (VP held (S (VP to (VP (VP cause )VP (PRN , (PP rather than (VP resolve )VP )PP , )PRN (NP conflict )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The *UNK )NP (PP of (NP Soviet perestroika )NP )PP (PP to (NP (NP the *UNK social *UNK )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP (VP was (ADJP evident )ADJP (SBAR (WHADVP when )WHADVP (S (NP Mr. Gorbachev )NP (VP presented (NP his economic vision )NP (PP to (NP the Soviet Congress )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP In (S (VP doing (ADVP so )ADVP )VP )S )PP , (NP he )NP (VP neither (VP rejected (NP a *UNK planned economy )NP )VP nor (VP *UNKED (NP the free market )NP )VP )VP . )S  STOP
(S (ADVP Instead )ADVP , (NP he )NP (VP proposed (NP (NP a `` *UNKED economy , '' )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP there )NP (VP would (VP be (NP (NP a `` *UNK- division )NP (PP between (NP (NP (NP state direction )NP (PP of (NP the economy )NP )PP )NP and (NP economic management )NP )NP )PP )NP )VP )VP )S )SBAR )NP )VP . '' )S  STOP
(S (NP The latter )NP (VP would (VP be (VP *UNK (PP by `` (NP (NP enterprises )NP , (NP joint stock companies )NP and (NP cooperatives )NP )NP )PP )VP )VP )VP . '' )S  STOP
(S (NP These )NP (VP (VP would not (VP function (ADVP *UNKLY )ADVP )VP )VP , but (VP would (VP act (ADVP together )ADVP (S (VP to (VP form (NP `` (NP *UNK , unions and *UNK )NP '' (SBAR (S (VP to (VP (VP *UNK (NP problems )NP )VP and (VP *UNK (NP their activities )NP )VP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP Mr. Gorbachev )NP (VP is (PP in (NP (NP a (ADJP much stronger )ADJP position )NP (SBAR (S (VP to (VP pursue (NP the *UNK ideal )NP )VP )VP )S )SBAR (SBAR than (SINV was (NP (NP *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP was (ADVP never )ADVP (ADJP able (S (VP to (VP influence (NP (NP business giants )NP (PP such as (NP *UNKC and Fiat )NP )PP )NP )VP )VP )S )ADJP )VP )S )SBAR )NP )SINV )SBAR )NP )PP )VP . )S  STOP
(S (NP The Soviet Communist Party )NP (VP has (NP the power (S (VP to (VP (VP shape (NP corporate development )NP )VP and (VP *UNK (NP it )NP (PP into (NP (NP a body )NP (ADJP *UNK (PP upon (NP it )NP )PP )ADJP )NP )PP )VP )VP )VP )S )NP )VP . )S  STOP
(S (S (VP To (VP ensure (NP (NP the loyalty )NP (PP of (NP the business sector )NP )PP )NP )VP )VP )S , (NP Mr. Gorbachev )NP (VP may (VP offer (NP (NP concessions and powers )NP (SBAR (WHNP that )WHNP (S (VP will (VP allow (S (NP the business community )NP (VP to (VP preserve (NP its own interests )NP , (PP (ADVP probably )ADVP by (S (VP *UNKING (NP competition )NP )VP )S )PP )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (ADVP However )ADVP , (NP Mr. Gorbachev )NP (VP must (VP ensure (SBAR that (S (PP within (NP this `` alliance '' )NP )PP (NP the business sector )NP (VP remains (ADJP *UNK (PP to (NP the party )NP )PP )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP At (NP the same time )NP )PP , (NP he )NP (VP must (VP give (NP it )NP (NP (NP sufficient freedom )NP (SBAR (S (VP to (VP provide (NP (NP the economic benefits )NP (VP (ADVP so *UNKLY )ADVP needed )VP )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP It )NP (VP is (NP (NP the promise )NP (PP of (NP economic returns )NP )PP )NP (SBAR (WHNP that )WHNP (S (VP is (VP supposed (S (VP to (VP make (S (NP the *UNK model )NP (ADJP attractive (PP to (NP both (NP the party )NP and (NP labor )NP )NP )PP )ADJP )S )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The work force )NP (VP provides (NP (NP the third arm )NP (PP of (NP the `` alliance )NP )PP )NP )VP . '' )S  STOP
(S (S (PP Within (NP the alliance )NP )PP (NP it )NP (VP is (VP supposed (S (VP to (VP act (PP as (NP a *UNKING force )NP )PP , (S (VP *UNKING (PP against (NP (NP (NP excessive control )NP (PP by (NP government )NP )PP )NP or (NP (NP abuse )NP (PP of (NP its economic position )NP )PP (PP by (NP business )NP )PP )NP )NP )PP )VP )S )VP )VP )S )VP )VP )S , for (S (NP either )NP (VP could (VP result (PP in (NP (NP a deterioration )NP (PP of (NP its living standards )NP )PP )NP )PP )VP )VP )S (PRN -LRB- (S (PP under (NP the new *UNK )NP )PP , (NP workers *UNK )NP (VP may (VP demand (SBAR that (S (S (NP a cooperative )NP (VP be (VP closed )VP )VP )S or (S (NP its prices )NP (VP be (VP reduced )VP )VP )S )S )SBAR )VP )VP )S -RRB- )PRN . )S  STOP
(S (PP (PP By (S (VP providing (NP workers )NP (PP with (NP the opportunity (S (VP to (VP move (PP into (NP (NP the private sector )NP (SBAR (WHADVP where )WHADVP (S (NP wages )NP (VP tend (S (VP to (VP be (ADJP higher )ADJP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP )S )NP )PP )VP )S )PP , and (PP by (S (VP holding (PRT out )PRT (NP (NP the promise )NP (PP of (NP more consumer goods )NP )PP )NP )VP )S )PP )PP , (NP Mr. Gorbachev )NP (VP hopes (S (VP to (VP revive (NP (NP the popularity )NP (PP of (NP the party )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (PP At (NP the same time )NP )PP , (NP the strategy )NP (VP requires (SBAR that (S (NP he )NP (VP deal (ADVP effectively )ADVP (PP with (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP seek (NP genuine *UNKC political *UNK )NP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The (ADJP most important )ADJP development )NP (PP in (NP (NP (NP Mr. Gorbachev 's )NP policy )NP (PP for (S (VP *UNKING (NP the opposition movement )NP )VP )S )PP )NP )PP )NP (VP is (NP the claim (SBAR that (S (NP the *UNKC )NP (ADVP also )ADVP (VP *UNK (PP from (NP terrorism )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP An increasing number )NP (PP of (NP (NP *UNK )NP (PP by (NP the Soviet press )NP )PP (PP to (NP (NP (NP opposition groups )NP (ADJP (ADVP now )ADVP active (PP in (NP the U.S.S.R. )NP )PP )ADJP )NP , particularly (NP the Democratic Union )NP , )NP )PP )NP )PP )NP (VP (VP *UNK (SBAR that (S (NP they )NP (VP show `` (NP *UNK *UNK )NP '' )VP )S )SBAR )VP and (VP claim (SBAR that (S (NP they )NP (VP would (VP be (ADJP prepared (S (VP to (VP kill (SBAR in order (S (VP to (VP achieve (NP their aims )NP )VP )VP )S )SBAR )VP )VP )S )ADJP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP is (ADJP possible )ADJP (SBAR that , (S (PP in (S (VP *UNKING (NP such *UNK )NP )VP )S )PP , (NP the ground )NP (VP is (VP being (VP laid (PP for (NP (NP the arrest )NP (PP of (NP opposition activists )NP )PP (PP on (NP (NP the ground )NP (PP of (NP terrorism )NP )PP )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Gorbachev )NP (VP would (VP appear (S (VP to (VP see (NP his central task )NP , (ADVP however )ADVP , (PP as (NP (NP that )NP (PP of (S (VP *UNKING (SBAR that (S (NP (NP *UNK )NP (PP of (NP (NP an alliance )NP (PP among (NP (NP labor )NP , (NP capital )NP and (NP the state )NP )NP )PP )NP )PP )NP (VP are (VP (ADVP properly )ADVP laid (SBAR before (S (NP (NP the demands )NP (PP for (NP a *UNK system )NP )PP )NP (VP reach (NP a *UNK )NP )VP )S )SBAR )VP )VP )S )SBAR )VP )S )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (SBAR If (S (NP he )NP (VP were (ADJP able (S (VP to (VP *UNK (NP a (ADJP popular and efficient )ADJP *UNK system )NP )VP )VP )S )ADJP )VP )S )SBAR , (NP (NP he )NP or (NP his *UNK )NP )NP (VP would (VP be (ADJP *UNKED (S (VP (VP to (VP *UNK (PRT in )PRT (NP political opposition )NP )VP )VP , and (VP to (VP *UNK- (NP control )NP (PP in (NP Eastern Europe )NP )PP )VP )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (NP (NP The *UNK )NP (PP in (NP his plan )NP )PP )NP (VP do not (VP lie (PP (PP in (NP the political calculations )NP )PP (PRN -- (S (NP Mr. Gorbachev )NP (VP is (NP (NP a *UNK political leader )NP , perhaps (NP (NP one )NP (PP of (NP the greatest )NP )PP )NP )NP )VP )S -- )PRN but (PP in (NP its economic *UNK )NP )PP )PP )VP )VP . )S  STOP
(S (S (ADVP *UNKC (PP to (NP widespread belief )NP )PP )ADVP , (NP *UNKC )NP (VP failed (S (VP to (VP live (PP up (PP to (NP his promise (S (VP to (VP make (S (NP the *UNK )NP (VP run (PP on (NP time )NP )PP )VP )S )VP )VP )S )NP )PP )PP )VP )VP )S )VP )S ; (S (NP (NP it )NP )NP (VP is (ADJP *UNK )ADJP (SBAR whether (S (NP *UNKC *UNK )NP (VP will (VP (VP make (S (NP Soviet *UNK )NP (VP run (PP on (NP time )NP )PP )VP )S )VP , or (VP fill (NP the shops )NP (PP with (NP (NP goods )NP (SBAR (WHNP that )WHNP (S (NP the consumers )NP (VP (ADVP so *UNKLY )ADVP *UNK )VP )S )SBAR )NP )PP )VP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP Miss Brady )NP (VP is (NP (NP deputy director )NP (PP of (NP (NP the Russian Research Foundation )NP (PP in (NP London )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP New construction *UNKING )NP (VP climbed (NP 8 % )NP (PP in (NP September )NP )PP (PP to (NP an *UNKED (QP $ *UNKN billion )QP )NP )PP , (PP with (S (NP (ADJP commercial , industrial and *UNK- )ADJP contracts )NP (VP providing (NP (NP most )NP (PP of (NP the increase )NP )PP )NP )VP )S )PP , (PP according (PP to (NP *UNKC *UNKC Group )NP )PP )PP )VP . )S  STOP
(S (PP *UNKC (NP (NP the first nine months )NP (PP of (NP the year )NP )PP )NP )PP , (NP (NP the *UNKED total )NP (PP of (NP all new construction )NP )PP )NP (VP was (NP (NP (QP $ *UNKN billion )QP )NP , (ADJP flat (PP compared (PP with (ADVP (NP a year )NP earlier )ADVP )PP )PP )ADJP )NP )VP . )S  STOP
(S (NP The South )NP (VP was (ADVP off (NP 2 % )NP )ADVP (PP after (NP the first nine months )NP )PP , (SBAR while (S (NP the North Central region )NP (VP was (ADVP up (NP 3 % )NP )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP The (ADJP Northeast and West )ADJP regions )NP (VP were (ADJP unchanged )ADJP )VP . )S  STOP
(SINV (S (NP (NP A small decline )NP (PP in (NP (NP total construction )NP (PP for (NP the entire year )NP )PP )NP )PP )NP (VP is (ADJP possible )ADJP (SBAR if (S (NP (NP *UNKING )NP (PP for (NP housing )NP )PP )NP (VP does n't (VP increase (PP in (NP (NP response )NP (PP to (NP (NP this year 's )NP lower mortgage rates )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S , (VP said )VP (NP (NP George A. Christie )NP , (NP (NP (NP vice president )NP and (NP chief economist )NP )NP (PP of (NP (NP *UNKC )NP , (NP (NP the *UNKING division )NP (PP of (NP publisher *UNKC Inc )NP )PP )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP The (ADJP seasonally adjusted )ADJP Dodge Index )NP (VP reached (NP *UNKN )NP (PP in (NP September )NP )PP (PRN , (NP its highest level )NP (NP this year )NP , )PRN (PP from (NP *UNKN )NP (PP in (NP August )NP )PP )PP )VP . )S  STOP
(S (NP The index )NP (VP uses (NP (NP a base )NP (PP of (NP 100 )NP )PP (PP in (NP 1982 )NP )PP )NP )VP . )S  STOP
(S (NP (ADJP *UNKLY *UNKED )ADJP residential work )NP (VP edged (ADVP up (NP 2 % )NP )ADVP (PP in (NP September )NP )PP (PP to (NP an *UNKED (QP $ *UNKN billion )QP )NP )PP , (SBAR (ADVP largely )ADVP because (S (NP *UNKLY building )NP (VP rebounded (PP from (NP a (ADJP very weak )ADJP August )NP )PP )VP )S )SBAR )VP . )S  STOP
(S `` (S (PP At (NP (NP the end )NP (PP of (NP the third quarter )NP )PP )NP )PP , (NP there )NP (VP was (ADVP still )ADVP (NP (NP no evidence )NP (PP of (NP (NP renewed home building )NP (PP in (NP (NP response )NP (PP to (NP (NP the *UNK decline )NP (PP of (NP mortgage rates )NP )PP )NP )PP )NP )PP )NP )PP )NP )VP )S , '' (NP Mr. Christie )NP (VP said )VP . )S  STOP
(S (NP Housing )NP (VP has (VP (VP been (ADJP weak )ADJP (NP all year )NP )VP and (VP (ADVP especially so )ADVP (PP in (NP the past five months )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP *UNKING )NP (PP for (NP *UNK- buildings )NP )PP )NP (VP rose (NP 10 % )NP (PP in (NP September )NP )PP (PP to (NP an *UNKED (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP (ADJP Commercial and industrial )ADJP construction )NP (VP rose (ADVP sharply )ADVP , (PP partly because of (NP (NP three large projects )NP , (NP (NP each )NP (VP expected (S (VP to (VP cost (NP (QP more than $ 100 million )QP )NP )VP )VP )S )VP )NP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC building )NP , (PP such as (NP hospitals and schools )NP )PP , )NP (VP eased (PP in (NP September )NP )PP (PP following (NP (NP a surge )NP (PP in (NP August )NP )PP )NP )PP )VP . )S  STOP
(S (SBAR Although (S (NP the third quarter )NP (VP was (NP (NP the best )NP )NP (ADVP (ADVP so far )ADVP (NP this year )NP )ADVP (PP for (NP *UNK- building )NP )PP )VP )S )SBAR , (NP (NP weakness )NP (ADVP early (PP in (NP the year )NP )PP )ADVP )NP (VP held (NP the *UNK- total )NP (PP to (NP (NP (QP $ *UNKN billion )QP )NP , (ADVP up (NP just 1 % )NP (PP from (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )NP )PP )VP . )S  STOP
(S (S (NP (NP (ADJP *UNKC and utility )ADJP projects )NP , (VP (ADVP also )ADVP known (PP as (NP *UNKING *UNKING )NP )PP )VP , )NP (VP grew (NP 18 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP in (NP September )NP )PP )VP )S , but (S (NP (NP the nine-month total )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP (VP was (ADVP down (NP 3 % )NP (PP from (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )VP )S . )S  STOP
(S (S (NP (NP The Sept. 30 end )NP (PP of (NP the federal fiscal year )NP )PP )NP (VP may (VP have (VP *UNKED (S (NP contractors )NP (VP to (VP get (NP any *UNK- road and bridge construction )NP (PP under (NP way )NP )PP `` (SBAR before (S (NP the *UNK )NP (VP ran (PRT out )PRT )VP )S )SBAR )VP )VP )S )VP )VP )VP )S , '' (NP Mr. Christie )NP (VP said , (S (VP referring (PP to (NP threatened (ADJP 5 % )ADJP *UNK- budget cuts )NP )PP )VP )S )VP . )S  STOP
(S (X a )X - (NP *UNKLY construction contract values )NP (VP are (VP reported (PP on (NP an annualized , (ADJP seasonally adjusted )ADJP basis )NP )PP )VP )VP . )S  STOP
(S (NP (NP Moody 's )NP Investors Service Inc. )NP (VP said (SBAR (S (NP it )NP (VP lowered (NP (NP ratings )NP (PP on (NP (NP long-term debt )NP (PP of (NP (NP CS First Boston Inc. )NP , (NP (NP the holding company )NP (PP of (NP Wall Street giant First Boston Corp. )NP )PP )NP )NP )PP )NP )PP )NP , (PP because of (NP (NP (NP First Boston 's )NP `` aggressive merchant banking risk '' )NP (PP in (NP (ADJP highly leveraged )ADJP takeovers )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP In (S (VP *UNKING (NP (NP CS First Boston 's )NP subordinated domestic , *UNKC and Swiss debt )NP (PP to (NP single-A-3 )NP )PP (PP from (NP single-A-2 )NP )PP )VP )S )PP , (NP Moody 's )NP (VP is (VP matching (NP (NP a move )NP (VP made (PP by (NP (NP the other major credit rating concern )NP , (NP (NP Standard & Poor 's )NP Corp. )NP )NP )PP , (ADVP (NP several months )NP ago )ADVP )VP )NP )VP )VP . )S  STOP
(S (NP Moody 's )NP (ADVP also )ADVP (VP confirmed (NP (NP the *UNKC rating )NP , (NP its highest )NP , (PP on (NP (NP (NP CS First Boston 's )NP commercial paper )NP , or (NP short-term corporate *UNKC )NP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP Moody 's )NP (VP said (SBAR (S (NP it )NP (VP (VP *UNKED (NP (NP *UNKC Credit *UNKC Boston 's )NP (ADJP senior and subordinated )ADJP Swiss debt )NP (PP to (NP single-A-2 )NP )PP (PP from (NP *UNK- )NP )PP )VP and (VP lowered (NP (NP (NP Financiere *UNKC N.V. 's )NP *UNK subordinated *UNK *UNKC )NP , (VP guaranteed (PP by (NP Financiere Credit Suisse -- First Boston )NP )PP )VP )NP , (PP to (NP single-A-3 )NP )PP (PP from (NP single-A-2 )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (QP About $ *UNKN million )QP )NP (PP of (NP long-term debt )NP )PP )NP (VP is (VP affected , (PP according (PP to (NP Moody 's )NP )PP )PP )VP )VP . )S  STOP
(S (NP (NP A spokesman )NP (PP for (NP CS First Boston )NP )PP )NP (VP said : `` (S (NP We )NP (VP remain (ADJP committed (PP to (NP (NP a full range )NP (PP of (NP (NP businesses )NP , (PP including (NP merchant banking )NP )PP )NP )PP )NP )PP )ADJP )VP )S )VP . )S  STOP
(S (NP We )NP (VP think (SBAR that (S (NP the ratings *UNK )NP (VP is (ADJP *UNK but not unexpected )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP Our commitment (S (VP to (VP manage (NP these businesses )NP (ADVP *UNKLY )ADVP )VP )VP )S )NP (VP will (VP continue )VP )VP . '' )S  STOP
(S (NP (NP First Boston 's )NP merchant banking risks )NP (VP *UNKED (NP last month )NP (SBAR as (S (S (NP (NP (ADJP highly leveraged )ADJP Campeau Corp. )NP , (NP (NP (NP First Boston 's )NP (ADJP most lucrative )ADJP client )NP (PP of (NP the decade )NP )PP )NP , )NP (VP was (VP hit (PP by (NP a cash squeeze )NP )PP )VP )VP )S and (S (NP the high-risk junk bond market )NP (VP tumbled )VP )S )S )SBAR )VP . )S  STOP
(S (NP First Boston )NP (VP incurred (NP (NP millions )NP (PP of (NP (NP dollars )NP (PP of (NP losses )NP )PP )NP )PP )NP (PP (PP on (NP (NP Campeau securities )NP (SBAR (S (NP it )NP (VP owned )VP )S )SBAR )NP )PP (CONJP as well as )CONJP (PP on (NP (NP special securities )NP (SBAR (S (NP it )NP (VP could n't (VP sell )VP )VP )S )SBAR )NP )PP )PP )VP . )S  STOP
(S (NP (NP First Boston *UNK )NP (PP for (NP (NP several other (ADJP highly leveraged )ADJP clients )NP , (PP including (NP Ohio *UNKC )NP )PP , )NP )PP )NP (VP *UNKED (SBAR as (S (NP the high-risk junk bond market )NP (VP plummeted )VP )S )SBAR )VP . )S  STOP
(S (NP Moody 's )NP (VP said (SBAR (S (NP its rating changes actions )NP `` (VP reflect (NP (NP (NP CS First Boston 's )NP aggressive merchant banking risk )NP (CONJP as well as )CONJP (NP (NP the risk *UNK )NP (PP of (NP its current merchant banking *UNK )NP )PP )NP )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP It )NP (VP said (SBAR (SBAR (S (NP CS First Boston )NP `` (VP has (ADVP consistently )ADVP (VP been (NP (NP one )NP (PP of (NP (NP the (ADJP most aggressive )ADJP firms )NP (PP in (NP merchant banking )NP )PP )NP )PP )NP )VP )VP '' )S )SBAR and (SBAR that (S (NP `` (NP a (ADJP very significant )ADJP portion )NP '' (PP of (NP (NP (NP the firm 's )NP profit )NP (PP in (NP recent years )NP )PP )NP )PP )NP (VP has (VP come (PP from (NP merchant *UNKED business )NP )PP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S `` (S (NP Moody 's )NP (VP believes (SBAR that (S (NP (NP the uncertain environment )NP (PP for (NP merchant banking )NP )PP )NP (VP could (VP put (NP pressure )NP (PP on (NP (NP CS First Boston 's )NP performance )NP )PP )VP )VP )S )SBAR )VP )S , '' (NP the rating concern )NP (VP said , (S (VP citing (NP `` (NP continued problems )NP '' (PP from (NP (NP (NP the firm 's )NP *UNK )NP (PP (PP to `` (NP various *UNKED firms )NP '' )PP and (PP to (NP Ohio *UNKC )NP )PP )PP )NP )PP )NP )VP )S )VP . )S  STOP
(S `` (S (NP (NP These two *UNK )NP (ADVP alone )ADVP )NP (VP represent (NP (NP a (ADJP very substantial )ADJP portion )NP (PP of (NP (NP CS First Boston 's )NP equity )NP )PP )NP )VP )S , '' (NP Moody 's )NP (VP said )VP . )S  STOP
(S `` (NP Total merchant banking *UNK )NP (VP are (PP in (NP (NP excess )NP (PP of (NP (NP the firm 's )NP equity )NP )PP )NP )PP )VP . )S  STOP
(S (NP Quotron Systems Inc. )NP (VP plans (S (VP to (VP cut (NP (NP (NP (QP about 400 )QP )NP (PRN , or (NP 16 % )NP , )PRN )NP (PP of (NP its *UNKN employees )NP )PP )NP (PP over (NP the next several months )NP )PP )VP )VP )S )VP . )S  STOP
(SINV (S `` (NP This action )NP (VP will (VP continue (S (VP to (VP keep (NP operating expenses )NP (PP in (NP (NP line )NP '' (PP with (NP revenue )NP )PP )NP )PP )VP )VP )S )VP )VP )S , (VP said )VP (NP (NP J. David *UNKC )NP , (NP (NP (NP president )NP and (NP chief executive officer )NP )NP (PP of (NP (ADJP Los Angeles-based )ADJP Quotron )NP )PP )NP )NP . )SINV  STOP
(S (S (NP (NP The move )NP (PP by (NP (NP the financial information and services subsidiary )NP (PP of (NP Citicorp )NP )PP )NP )PP )NP (VP is (NP (NP a `` response )NP (PP to (NP (NP changing conditions )NP (PP in (NP (NP the retail securities industry )NP , (SBAR (WHNP which )WHNP (S (VP has (VP been (VP *UNKING '' (PP since (NP (NP October 1987 's )NP stock market crash )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )VP )S , (NP the executive )NP (VP added )VP . )S  STOP
(S (NP (NP Quotron )NP , (SBAR (WHNP which )WHNP (S (NP Citicorp )NP (VP purchased (PP in (NP 1986 )NP )PP )VP )S )SBAR , )NP (VP provides (NP (NP price quotations )NP (PP for (NP (NP securities )NP , (ADVP particularly )ADVP (NP stocks )NP )NP )PP )NP )VP . )S  STOP
(S (NP Quotron )NP (ADVP also )ADVP (VP provides (NP (NP trading and other systems )NP , (NP (NP services )NP (PP for (NP brokerage firms )NP )PP )NP , and (NP *UNK- services )NP )NP )VP . )S  STOP
(S (NP (NP Independent *UNK )NP (PP of (NP financial information )NP )PP , (PP including (NP Quotron )NP )PP , )NP (VP have (VP been (PP under (NP some pressure )NP )PP (SBAR as (S (NP the major securities houses )NP (VP try (S (VP to (VP regain (NP (NP their hold )NP (PP (PP on (NP (NP the production )NP (PP of (NP market data )NP )PP )NP )PP and (PP on (NP the related revenue )NP )PP )PP )NP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Shearson , Goldman , Sachs & Co. )NP , (NP Morgan Stanley & Co. )NP and (NP Salomon Inc. )NP )NP (VP are (VP discussing (NP (NP formation )NP (PP of (NP (NP a group )NP (SBAR (S (VP to (VP sell (NP *UNK- data )NP )VP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP (NP The job cuts )NP , (SBAR (S (VP to (VP be (VP made (PP in (NP (NP a number )NP (PP of (NP areas )NP )PP )NP )PP (PP at (NP various job levels )NP )PP )VP )VP )VP )S )SBAR , )NP (VP are `` (NP (NP a streamlining )NP (PP of (NP operations )NP )PP )NP )VP )S , '' (NP a spokeswoman )NP (VP said )VP . )S  STOP
(S (S (NP The company )NP (VP has (NP no immediate plans (S (VP to (VP close (NP any operations )NP )VP )VP )S )NP )VP )S (PRN , (S (NP she )NP (VP said )VP )S , )PRN but (S (NP Quotron )NP (VP may (VP *UNK (NP (NP some work )NP (SBAR (WHNP that )WHNP (S (NP it )NP (VP has (VP been (VP doing (ADVP *UNK- )ADVP )VP )VP )VP )S )SBAR , (PP including (NP (NP *UNK and production )NP (PP of (NP (NP Quotron *UNKN equipment )NP (VP used (PP in (S (VP *UNKING (NP financial data )NP )VP )S )PP )VP )NP )PP )NP )PP )NP )VP )VP )S . )S  STOP
(S (NP The spokeswoman )NP (VP said (SBAR (S (NP the move )NP (VP is n't (ADVP directly )ADVP (NP (NP a response )NP (PP to (NP (NP (NP Quotron 's )NP loss )NP (PP of (NP (NP its two biggest customers )NP , (NP (NP Merrill Lynch & Co. )NP and (NP (NP American Express Co. 's )NP Shearson Lehman Hutton Inc. )NP )NP )NP )PP , (PP to (NP *UNKED Data *UNKING Inc. )NP )PP (NP earlier this year )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The spokeswoman )NP (VP noted (SBAR that (S (NP last week )NP , (NP (NP Kidder , Peabody & Co. )NP , (NP (NP the securities subsidiary )NP (PP of (NP General Electric Co. )NP )PP )NP , )NP (VP chose (NP (NP a Quotron subsidiary )NP (SBAR (S (VP to (VP provide (NP *UNKING services )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S And (NP Oct. 24 )NP , (NP Quotron )NP (VP said (SBAR (S (NP it )NP (VP will (VP market (NP (NP the *UNKED trading system )NP (PP of (NP *UNK- *UNKC Government Securities Inc )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP Quotron )NP (VP is n't (ADJP profitable )ADJP (PP on (NP (NP Citicorp 's )NP books )NP )PP (PP because of (NP (NP the interest charges )NP (SBAR (S (NP the New York bank holding company )NP (VP incurred (PP in (S (VP buying (NP the *UNK- concern )NP (PP for (NP (QP $ *UNKN million )QP )NP )PP )VP )S )PP )VP )S )SBAR )NP )PP )VP )S , (VP says )VP (NP (NP Ronald I. *UNKC )NP , (NP (NP analyst )NP (PP for (NP Sanford C. *UNKC & Co )NP )PP )NP )NP . )SINV  STOP
(S (S But (NP Citicorp )NP `` (VP does (VP view (NP Quotron )NP -RRB- (PP as (S (VP being (ADJP crucial (PP to (NP the financial-services business )NP )PP )ADJP (PP in (NP the 1990s )NP )PP )VP )S )PP )VP )VP )S , '' (NP the analyst )NP (VP added )VP . )S  STOP
(S (NP This past summer )NP , (NP Quotron )NP (VP sold (NP (NP its *UNK- unit )NP , (VP *UNKING (NP 600 )NP )VP , )NP (PP to (NP (NP Phoenix Technologies Inc. )NP , (NP (NP a (ADJP closely held )ADJP *UNK- firm )NP (PP in (NP (NP Valley *UNKC )NP , (NP *UNK )NP )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP Terms )NP (VP were n't (VP disclosed )VP )VP . )S  STOP
(S (NP (NP (NP The Oakland *UNKC ' )NP *UNK- *UNK )NP (PP over (NP the San Francisco Giants )NP )PP (PP in (NP the World Series )NP )PP )NP (VP may (VP *UNK (NP (NP *UNK- losses )NP (SBAR (WHNP that )WHNP (S (NP the ABC network )NP (VP will (VP *UNK (PP on (NP (NP the current , final year )NP (PP of (NP its baseball contract )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP The 1989 Series )NP , (VP (VP *UNKED (PP by (NP a *UNKING earthquake )NP )PP )VP and (VP diminished (PP in (NP national interest )NP )PP (SBAR because (S (NP both teams )NP (VP came (PP from (NP the San Francisco Bay area )NP )PP )VP )S )SBAR )VP )VP , )NP (VP is (ADJP likely (S (VP to (VP end (PRT up )PRT (PP as (NP (NP the *UNKED Series )NP (UCP (PP of (NP this decade )NP )PP and (ADVP probably )ADVP (SBAR since (S (NP the event )NP (VP has (VP been (VP broadcast )VP )VP )VP )S )SBAR )UCP )NP )PP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP The first three games )NP (VP were (VP seen (PP by (NP (NP an average )NP (PP of (NP (NP (NP (QP only 17 )QP % )NP (PP of (NP U.S. homes )NP )PP )NP , (NP (NP a sharp decline )NP (PP from (NP (NP the (ADJP *UNKN % )ADJP rating )NP (PP for (NP (NP last year 's )NP Series )NP )PP )NP )PP )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP A final ratings *UNKLY )NP (PP from (NP *UNKC *UNKC Co. )NP )PP )NP (VP is (ADJP due (NP today )NP )ADJP )VP . )S  STOP
(S (NP (NP The *UNK )NP (PP by (NP (NP the *UNKC )NP , (SBAR (WHNP whose *UNK and *UNK- *UNK )WHNP (S (VP dominated (NP the *UNK- Giants )NP )VP )S )SBAR , )NP )PP )NP (VP will (VP (ADVP only )ADVP make (S (NP things )NP (ADJP worse (PP for (NP (NP ABC )NP , (VP owned (PP by (NP Capital *UNKC Inc )NP )PP )VP )NP )PP )ADJP )S )VP )VP . )S  STOP
(S (NP The network )NP (VP had (VP been (VP expected (S (VP to (VP have (NP (NP losses )NP (PP of (NP (QP as much as $ 20 million )QP )NP )PP (PP on (NP baseball )NP )PP )NP (NP this year )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP is n't (ADJP clear )ADJP (SBAR (WHADVP how much )WHADVP (S (NP those losses )NP (VP may (VP *UNK (PP because of (NP the short Series )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR (SINV *UNKC (NP the contest )NP (VP gone (NP a full seven games )NP )VP )SINV )SBAR , (NP ABC )NP (VP could (VP have (VP *UNKED (NP (NP an extra (QP $ 10 million )QP )NP (PP in (NP ad sales )NP )PP )NP (PP on (NP (NP the *UNK game )NP (ADVP alone )ADVP )NP )PP , (PP compared (PP with (NP (NP the ad take )NP (SBAR (S (NP it )NP (VP would (VP have (VP received (PP for (NP regular prime-time shows )NP )PP )VP )VP )VP )S )SBAR )NP )PP )PP )VP )VP )VP . )S  STOP
(S (NP ABC )NP (VP had (VP based (NP (NP its budget )NP (PP for (NP baseball )NP )PP )NP (PP on (NP a *UNK- Series )NP )PP )VP )VP . )S  STOP
(S (S (NP A network spokesman )NP (VP would n't (VP comment )VP )VP )S , and (S (NP ABC Sports officials )NP (VP declined (S (VP to (VP be (VP interviewed )VP )VP )VP )S )VP )S . )S  STOP
(S But (NP some industry executives )NP (VP said (SBAR (S (NP ABC )NP , (PP in (NP (NP anticipation )NP (PP of (NP a *UNK- *UNK )NP )PP )NP )PP , (VP limited (NP its losses )NP (PP by (S (VP *UNKING (PRT up )PRT (NP (NP the number )NP (PP of (NP commercials )NP )PP (SBAR (S (NP it )NP (VP *UNKED (PP in (NP the (ADJP third and fourth )ADJP games )NP )PP )VP )S )SBAR )NP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP A World Series *UNK )NP (ADVP typically )ADVP (VP carries (NP 56 *UNK- commercials )NP )VP )S , but (S (PP by (NP the fourth game )NP )PP (NP ABC )NP (VP was (VP *UNKING (PRT in )PRT (NP (QP 60 to 62 )QP ads )NP (S (VP to (VP generate (NP extra revenue )NP )VP )VP )S )VP )VP )S . )S  STOP
(S (NP (NP ABC 's )NP baseball experience )NP (VP may (VP be (PP of (NP (NP interest )NP (PP to (NP (NP CBS Inc. )NP , (SBAR (WHNP which )WHNP (S (NP next season )NP (VP takes (PRT over )PRT (NP (NP the broadcasting )NP (PP of (NP all baseball *UNK )NP )PP )NP (PP in (NP (NP a four-year television contract )NP (VP priced (PP at (NP (QP $ *UNKN billion )QP )NP )PP )VP )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP CBS Sports President *UNKC Pilson )NP (VP has (VP conceded (ADVP only )ADVP (SBAR that (S (NP CBS )NP (VP will (VP have (NP a loss )NP (PP in (NP the first year )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S But (NP other industry executives )NP (VP contend (SBAR (S (NP the losses )NP (VP (VP could (VP reach (NP (NP (QP $ 250 million )QP )NP (PP over (NP four years )NP )PP )NP )VP )VP and (VP could (VP go (ADVP even higher )ADVP (SBAR if (S (NP the World Series )NP (VP end (PP in (NP *UNK- *UNK )NP )PP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The Series )NP (ADVP typically )ADVP (VP is (PP among (NP (NP the *UNKED sports events )NP (PP on (NP television )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP (NP (NP Last year 's )NP series )NP , (VP broadcast (PP by (NP (NP General Electric Co. 's )NP NBC )NP )PP )VP , )NP (VP was (NP (NP the *UNKED Series )NP (PP in (NP four years )NP )PP )NP )VP )S ; (S (PP instead of (S (VP featuring (NP (NP a major East Coast team )NP (PP against (NP a West Coast team )NP )PP )NP )VP )S )PP , (NP it )NP (VP *UNKED (NP the Los Angeles *UNKC )NP (PP against (NP the losing Oakland *UNKC )NP )PP )VP )S . )S  STOP
(S (NP (NP ABC 's )NP *UNK )NP (VP was (ADJP even higher )ADJP (NP this year )NP (PP with (NP (NP two teams )NP (PP from (NP the same area )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP The Series )NP (VP got (PP off (PP to (NP a *UNK start )NP )PP )PP (NP Oct. 14 )NP (PP with (NP a (ADJP *UNKN % )ADJP rating )NP )PP )VP )S ; (S (NP the next night )NP (NP it )NP (VP drew (NP (NP *UNKN % )NP (PP of (NP homes )NP )PP )NP )VP )S . )S  STOP
(SINV (ADVP Then )ADVP (VP came )VP (NP (NP the earthquake )NP and (NP (NP a *UNKING delay )NP (PP of (NP 11 days )NP )PP )NP )NP . )SINV  STOP
(S (NP Some people )NP (VP had (VP hoped (SBAR (S (NP (NP ABC 's )NP ratings )NP (VP would (VP go (ADVP up )ADVP (PP because of (NP (NP the intense focus )NP (PP on (NP the event )NP )PP (PP in (NP (NP the aftermath )NP (PP of (NP the earthquake )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP (NP An analyst 's )NP opinion )NP (PP to (NP that effect )NP )PP )NP (ADVP even )ADVP (VP sent (S (NP Capital *UNKC shares )NP (VP soaring )VP )S (ADVP (NP two weeks )NP ago )ADVP )VP . )S  STOP
(S But (NP interest )NP (ADVP instead )ADVP (VP *UNKED )VP . )S  STOP
(S (NP (NP The third game )NP , (NP last Friday night )NP , )NP (VP drew (NP a disappointing *UNKN rating )NP )VP . )S  STOP
(S (NP *UNKC *UNK )NP (VP helped (S (NP stock prices )NP (VP break (NP a *UNK losing *UNK )NP )VP )S (SBAR while (S (NP (NP bond prices )NP and (NP the dollar )NP )NP (VP *UNKED (ADVP higher )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP The Dow Jones Industrial Average )NP (VP gained (NP *UNKN points )NP (PP to (NP *UNKN )NP )PP (PP in (NP light trading )NP )PP (PP after (S (VP losing (NP (QP more than 92 )QP points )NP (NP last week )NP )VP )S )PP )VP . )S  STOP
(S (NP Bond prices )NP (VP continued (S (VP to (VP edge (ADVP higher )ADVP )VP )VP )S (PP in (NP (NP anticipation )NP (PP of (NP (NP more news )NP (VP showing (NP a slower economy )NP )VP )NP )PP )NP )PP )VP . )S  STOP
(S (SBAR Although (S (NP the dollar )NP (VP rose (ADVP slightly )ADVP (PP against (NP most major currencies )NP )PP )VP )S )SBAR , (NP (NP the focus )NP (PP in (NP currency markets )NP )PP )NP (VP was (PP on (NP (NP the *UNKED British pound )NP , (SBAR (WHNP which )WHNP (S (VP gained (ADVP slightly )ADVP (PP against (NP the dollar )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP Trading volume )NP (PP on (NP the New York Stock Exchange )NP )PP )NP (VP *UNKED (PP to (NP (QP only *UNKN million )QP shares )NP )PP (NP yesterday )NP (SBAR as (S (NP major brokerage firms )NP (VP continued (S (VP to (VP throw (PRT in )PRT (NP the *UNK )NP (PP on (NP program trading )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP Kidder Peabody )NP (VP became (NP (NP the (ADJP most recent )ADJP firm )NP (SBAR (S (VP to (VP *UNK (PRT off )PRT (NP (NP stock-index arbitrage trading )NP (PP for (NP its own account )NP )PP )NP )VP )VP )S )SBAR )NP )VP )S , and (S (NP Merrill Lynch )NP (NP late yesterday )NP (VP took (NP (NP the major step )NP (PP of (S (VP *UNKING (NP the trading strategy )NP (PP even for (NP its clients )NP )PP )VP )S )PP )NP )VP )S . )S  STOP
(S Yet (NP that )NP (VP did n't (VP eliminate (NP program trading )NP (PP from (NP the market )NP )PP )VP )VP . )S  STOP
(S (NP The Dow industrials )NP (VP shot (ADVP up )ADVP (NP 23 points )NP (PP in (NP the opening hour )NP )PP , (PP (PP (ADVP at least )ADVP in (NP part )NP )PP because of (NP (NP buy programs )NP (VP generated (PP by (NP (NP stock-index arbitrage )NP , (NP (NP a form )NP (PP of (NP program trading )NP )PP (PP involving (NP futures contracts )NP )PP )NP )NP )PP )VP )NP )PP )VP . )S  STOP
(S But (NP interest )NP (VP *UNKED (SBAR as (S (S (NP the day )NP (VP *UNK (PRT on )PRT )VP )S and (S (NP investors )NP (VP looked (ADVP ahead )ADVP (PP to (NP (NP the release )NP (NP later this week )NP (PP of (NP two important economic reports )NP )PP )NP )PP )VP )S )S )SBAR )VP . )S  STOP
(S (NP The first )NP (VP is (NP (NP (NP Wednesday 's )NP survey )NP (PP of (NP purchasing managers )NP )PP , (VP considered (NP (NP a good indicator )NP (PP of (SBAR (WHADVP how )WHADVP (S (NP (NP the nation 's )NP manufacturing sector )NP (VP *UNKED (PP in (NP October )NP )PP )VP )S )SBAR )PP )NP )VP )NP )VP . )S  STOP
(S (NP The other )NP (VP is (NP (NP (NP (NP Friday 's )NP measure )NP (PP of (NP October employment )NP )PP )NP , (NP (NP an indicator )NP (PP of (NP (NP the broader economy 's )NP health )NP )PP )NP )NP )VP . )S  STOP
(S (NP Both )NP (VP are (VP expected (S (VP to (VP show (NP (NP continued *UNK )NP , (SBAR (WHNP which )WHNP (S (VP would (VP be (ADJP (ADJP good (PP for (NP bonds )NP )PP )ADJP and (ADJP bad (PP for (NP stocks )NP )PP )ADJP )ADJP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP In (NP major market activity )NP )PP : (NP Stock prices )NP (VP rose (PP in (NP light trading )NP )PP )VP . )S  STOP
(S But (S (NP (NP declining issues )NP (PP on (NP the New York Stock Exchange )NP )PP )NP (VP *UNKED (NP *UNK )NP (NP (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )NP )VP )S , and (S (NP broader market indexes )NP (VP were (ADJP virtually unchanged )ADJP )VP )S . )S  STOP
(S (NP Bond prices )NP (VP *UNK (ADVP higher )ADVP )VP . )S  STOP
(S (NP (NP The Treasury 's )NP benchmark 30-year bond )NP (VP gained (NP (NP (NP (QP about an *UNK )QP )NP (PP of (NP a point )NP )PP )NP , or (NP (NP (QP about $ 1.25 )QP )NP (PP for (NP each (ADJP (QP $ 1,000 )QP )ADJP face amount )NP )PP )NP )NP )VP . )S  STOP
(S (NP (NP The yield )NP (PP on (NP the issue )NP )PP )NP (VP slipped (PP to (NP *UNKN % )NP )PP )VP . )S  STOP
(S (NP The dollar )NP (VP gained )VP . )S  STOP
(S (PP In (NP late New York trading )NP )PP (NP the dollar )NP (VP was (VP quoted (PP at (NP (NP *UNKN marks )NP and (NP 141.90 yen )NP )NP )PP , (PP compared (PP with (NP (NP (NP *UNKN marks )NP and (NP *UNKN yen )NP )NP (NP Friday )NP )NP )PP )PP )VP )VP . )S  STOP
(S (NP The British pound )NP , (S (VP *UNKED (PP by (NP (NP (NP last week 's )NP *UNK )NP (PP of (NP key Thatcher administration officials )NP )PP )NP )PP )VP )S , (ADVP *UNK )ADVP (VP rose (NP Monday )NP (PP to (NP $ *UNKN )NP )PP (PP from (NP (NP Friday 's )NP $ *UNKN )NP )PP )VP . )S  STOP
(SBARQ (SBAR If (S (NP Japanese companies )NP (VP are (ADJP so efficient )ADJP )VP )S )SBAR , (WHADVP why )WHADVP (SQ does (NP *UNKC Transportation Co. )NP (ADVP sometimes )ADVP (VP need (NP a week )NP (S (ADVP just )ADVP (VP to (VP tell (NP its clients )NP (SBAR (WHADVP how soon )WHADVP (S (NP it )NP (VP can (VP ship (NP goods )NP (PP from (ADVP here )ADVP )PP (PP to (NP *UNKC )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP )SQ ? )SBARQ  STOP
(SBARQ (WHADVP Why )WHADVP (PRN , (PP until (NP last spring )NP )PP , )PRN (SQ did (NP (NP the *UNKC Credit Bank )NP (PP of (NP Japan )NP )PP )NP (ADVP sometimes )ADVP (VP take (NP several days )NP (S (VP to (VP correct (NP (NP *UNK errors )NP (PP in (NP (NP its paper work )NP (PP for (NP international transactions )NP )PP )NP )PP )NP )VP )VP )S )VP )SQ ? )SBARQ  STOP
(S (SBAR Because (S (NP the companies )NP (VP have (VP *UNKED (NP (NP office computers )NP (VP considered (S (NP standard equipment )NP )S (PP in (NP (NP the U.S. )NP and (NP Western Europe )NP )NP )PP )VP )NP )VP )VP )S )SBAR , (NP (NP (NP Japanese corporations ' )NP reputation )NP (PP as (NP *UNK- *UNK )NP )PP )NP (VP is (ADVP only )ADVP (ADJP half right )ADJP )VP . )S  STOP
(S (S (NP Their factories )NP (VP may (VP look (PP like (NP (NP sets )NP (PP for (NP a *UNKC movie )NP )PP )NP )PP )VP )VP )S , but (S (NP (NP their offices )NP , (PP with (NP (NP *UNK )NP (PP of (NP (NP *UNK )NP (VP *UNKED (PP over (NP *UNK and *UNK )NP )PP )VP )NP )PP )NP )PP , )NP (VP are (PP more like (NP (NP *UNK )NP (PP from (NP a *UNKC novel )NP )PP )NP )PP )VP )S . )S  STOP
(S (ADVP Now )ADVP , (NP the *UNK- revolution )NP (VP is (ADVP finally )ADVP (VP reaching (NP Japan )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP a freight company )NP , )NP (VP (VP set (PRT up )PRT (NP its own software subsidiary )NP (NP this year )NP )VP and (VP is (VP spending (NP nearly (NP a year 's )NP profit )NP (S (VP to (VP (ADVP more than )ADVP double (NP the computer *UNK )NP (PP at (NP its main office )NP )PP )VP )VP )S )VP )VP )VP . )S  STOP
(S (PP In (NP April )NP )PP , (NP the *UNKC Credit Bank )NP (VP linked (NP (NP its computers )NP (PP in (NP Tokyo )NP )PP )NP (PP with (NP its three American offices )NP )PP )VP . )S  STOP
(S (ADVP Overall )ADVP , (NP (NP PC sales )NP (PP in (NP Japan )NP )PP (PP in (NP (NP the first half )NP (PP of (NP 1989 )NP )PP )NP )PP )NP (VP were (ADJP (ADJP (NP 34 % )NP higher )ADJP (PP than (PP in (NP the year-earlier period )NP )PP )PP )ADJP )VP . )S  STOP
(S (NP (NP *UNKED (UCP PC and *UNK- )UCP use )NP (PP in (NP Japan )NP )PP )NP (VP will (VP jump (NP (NP (QP as much as 25 )QP % )NP (ADVP annually )ADVP )NP (PP over (NP the next five years )NP )PP , (PP according (PP to (NP some analysts )NP )PP )PP , (PP compared (PP with (NP (NP (QP about 10 )QP % )NP (PP in (NP the U.S. )NP )PP )NP )PP )PP )VP )VP . )S  STOP
(S And (PP with (NP (NP a labor shortage )NP and (NP intense competitive pressure (S (VP to (VP improve (NP efficiency )NP )VP )VP )S )NP )NP )PP , (NP (ADJP more and more )ADJP Japanese companies )NP (VP are (VP *UNKING (SBAR that (S (NP they )NP (VP have (NP no choice )NP )VP )S )SBAR )VP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP have (NP (ADJP too many )ADJP people )NP (PP in (NP our home offices )NP )PP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP the president )NP (PP of (NP the Japan Management Association )NP )PP )NP )NP . )SINV  STOP
(S `` (NP (NP *UNKC )NP (PP in (NP Japanese offices )NP )PP )NP (VP is (ADJP relatively low )ADJP )VP . '' )S  STOP
(S (PP With (S (NP (NP Japanese companies )NP (PP in (NP (NP a wide range )NP (PP of (NP industries )NP )PP (PRN -- (PP (PP from (NP heavy industry )NP )PP (PP to (NP securities firms )NP )PP )PP -- )PRN )NP )PP )NP (VP increasing (NP their market share world-wide )NP )VP )S )PP , (NP (NP the prospect )NP (PP of (NP an (ADJP (ADVP even more )ADVP efficient )ADJP Japanese economic army )NP )PP )NP (VP may (VP *UNK (NP foreigners )NP )VP )VP . )S  STOP
(S (S But (NP it )NP (ADVP also )ADVP (VP offers (NP opportunities )NP )VP )S ; (S (NP Americans )NP (VP are (ADJP well *UNKED (S (VP to (VP supply (NP the weapons )NP )VP )VP )S )ADJP )VP )S . )S  STOP
(S (S (NP Japan )NP (VP may (VP be (NP (NP a tough market )NP (SBAR for (S (NP *UNK )NP (VP to (VP *UNK )VP )VP )S )SBAR )NP )VP )VP )S , and (S (NP the U.S. )NP (VP is (ADVP *UNKLY )ADVP (PP behind (NP Japan )NP )PP (PP in (NP certain technologies )NP )PP )VP )S . )S  STOP
(S But (PP for (ADVP now )ADVP )PP , (ADVP at least )ADVP , (NP Americans )NP (VP are (ADJP far better (PP at (S (VP making (NP (NP *UNKC )NP and (NP (NP the software )NP (SBAR (WHNP that )WHNP (S (VP runs (NP them )NP )VP )S )SBAR )NP )NP )VP )S )PP )ADJP )VP . )S  STOP
(S (PP After (NP (NP years )NP (PP of (S (VP talking (PP about (S (VP selling (PP in (NP Japan )NP )PP )VP )S )PP )VP )S )PP )NP )PP , (NP (ADJP more and more )ADJP U.S. companies )NP (VP are (VP (ADVP seriously )ADVP pouring (PRT in )PRT )VP )VP . )S  STOP
(S (NP Apple Computer Inc. )NP (VP has (VP doubled (NP (NP its staff )NP (ADVP here )ADVP )NP (PP over (NP the past year )NP )PP )VP )VP . )S  STOP
(S (NP Lotus Development Corp. )NP (VP has (VP slashed (NP (NP the *UNK )NP (PP between (NP U.S. and Japan product *UNK )NP )PP )NP (PP to (NP six months )NP )PP (PP from (NP three years )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC Inc. )NP (VP has (NP (NP a bigger share )NP (PP of (NP (NP the *UNK- market )NP (PP in (NP Japan )NP )PP )NP )PP (PP than (PP at (NP home )NP )PP )PP )NP )VP . )S  STOP
(S But (NP the Japanese )NP (VP have (S (VP to (VP go (NP a long way )NP (S (VP to (VP catch (PRT up )PRT )VP )VP )S )VP )VP )S )VP . )S  STOP
(SINV (ADJP Typical )ADJP (VP is )VP (NP (NP one office )NP (PP of (NP (NP (NP (NP the Ministry )NP (PP of (NP International Trade and Industry )NP )PP 's )NP *UNKC and Information Industries Bureau )NP -- (NP (NP the main bureaucracy )NP (VP *UNKING (NP the computer industry )NP )VP )NP )NP )PP )NP . )SINV  STOP
(S (S (NP `` Personal Computer '' *UNK )NP (VP are (VP *UNKED (PRT up )PRT (PP on (NP nearly every desk )NP )PP )VP )VP )S , and (S (NP (NP *UNKED copies )NP (PP of (NP Nikkei Computer )NP )PP )NP (VP crowd (NP magazine *UNK )NP )VP )S . )S  STOP
(SINV But (PP amid (NP the (QP two dozen )QP bureaucrats and *UNK )NP )PP (VP *UNK )VP (NP (QP only one )QP *UNK- PC )NP . )SINV  STOP
(S (SBAR While (S (S (NP American PC sales )NP (VP have (VP averaged (NP (ADJP (QP roughly 25 )QP % )ADJP annual growth )NP (PP since (NP 1984 )NP )PP )VP )VP )S and (S (NP (ADJP West European )ADJP sales )NP (NP a *UNKING 40 % )NP )S )S )SBAR , (NP Japanese sales )NP (VP were (ADJP flat )ADJP (PP for (NP (NP most )NP (PP of (NP that time )NP )PP )NP )PP )VP . )S  STOP
(S (NP Japanese office workers )NP (VP use (NP *UNKC )NP (PP at (NP (NP (NP half the rate )NP (PP of (NP their European counterparts )NP )PP )NP and (NP (NP one-third that )NP (PP of (NP the Americans )NP )PP )NP )NP )PP )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP Japanese offices )NP (VP tend (S (VP to (VP use (NP computers )NP (ADVP (ADVP less *UNKLY )ADVP (SBAR than (S (NP American offices )NP (VP do )VP )S )SBAR )ADVP )VP )VP )S )VP . )S  STOP
(S (PP In (NP the U.S. )NP )PP , (NP *UNKC )NP (VP (ADVP *UNKLY )ADVP (VP perform (NP many tasks )NP )VP and (VP *UNK (PP into (NP a broad network )NP )PP )VP )VP . )S  STOP
(S (PP In (NP Japan )NP )PP , (NP many *UNK terminals )NP (VP (VP are (ADJP limited (PP to (NP one function )NP )PP )ADJP )VP and (VP ca n't (VP *UNK (PP with (NP other machines )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP The market planning and sales promotion office )NP (PP of (NP Nomura Securities Co. )NP )PP )NP , (PP for (NP example )NP )PP , (VP has (NP (NP (NP (QP more than 30 )QP computers )NP (PP for (NP its 60 workers )NP )PP )NP , (NP a *UNK ratio )NP )NP )VP . )S  STOP
(S (S But (NP the machines )NP (VP are n't (PP on (NP (NP employees ' )NP *UNK )NP )PP )VP )S ; (S (NP they )NP (VP *UNKING (NP (NP the *UNK )NP (PP of (NP the large office )NP )PP )NP )VP )S . )S  STOP
(S (NP Some machines )NP (VP make (NP (NP *UNK )NP (PP for (NP *UNK )NP )PP )NP )VP . )S  STOP
(S (NP Others )NP (VP *UNK (NP the data )NP )VP . )S  STOP
(S (S (VP To (VP transfer (NP information )NP (PP from (NP one )NP )PP (PP to (NP the other )NP )PP )VP )VP )S , (NP employees )NP (VP (VP make (NP *UNK )NP )VP and (VP enter (NP the data )NP (ADVP *UNKLY )ADVP )VP )VP . )S  STOP
(S (S (VP To (VP *UNK (NP *UNK )NP (PP to (NP branch offices )NP )PP )VP )VP )S , (NP they )NP (VP use (NP a *UNK machine )NP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP a woman )NP (VP sitting (ADVP next (PP to (NP a new Fujitsu terminal )NP )PP )ADVP )VP )NP (VP (VP writes (NP stock-market information )NP (PP on (NP a *UNK )NP )PP (PP with (NP a *UNK )NP )PP )VP and (VP adds (NP it )NP (PRT up )PRT (PP with (NP a hand *UNK )NP )PP )VP )VP . )S  STOP
(S (PP In (NP an efficient *UNK )NP )PP , (NP the same PC )NP (VP could (VP perform (NP all those tasks )NP )VP )VP . )S  STOP
(S (PP In (NP the U.S. )NP )PP , (NP (NP (QP more than half )QP the PC software )NP (VP sold )VP )NP (VP is (PP either (PP for (NP *UNK )NP )PP or (PP for (NP *UNK analysis )NP )PP )PP , (PP according (PP to (NP Lotus )NP )PP )PP )VP . )S  STOP
(S (PP In (NP Japan )NP )PP , (NP those functions )NP (VP account (PP for (NP (NP (QP only about a third )QP )NP (PP of (NP the software market )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Machines )NP (VP *UNKED (ADVP solely )ADVP (PP to (NP word processing )NP )PP )VP , (SBAR (WHNP which )WHNP (S (VP have (VP (ADVP all but )ADVP *UNKED (PP in (NP the U.S. )NP )PP )VP )VP )S )SBAR , )NP (VP are (ADVP still )ADVP (ADJP (ADJP more common )ADJP )ADJP (PP in (NP Japan )NP )PP (PP than (NP PCs )NP )PP )VP . )S  STOP
(S (PP In (NP the U.S. )NP )PP , (NP (NP *UNK- )NP (PP of (NP the office PCs )NP )PP )NP (VP are (VP *UNKED (PRT up )PRT (PP to (NP (NP some sort )NP (PP of (NP network )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP Japan )NP )PP , (NP (QP about 1 )QP % )NP (VP are (VP linked )VP )VP . )S  STOP
(SINV `` (S (NP (NP *UNKC )NP (ADVP here )ADVP )NP (VP are (VP used (PP for (NP data gathering )NP )PP )VP )VP )S , '' (VP says )VP (NP (NP Roger J. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP manages (NP the *UNK- group )NP (PP in (NP (NP *UNKC & Co. 's )NP Tokyo office )NP )PP )VP )S )SBAR )NP . )SINV  STOP
(S (S (NP (NP Some Japanese operations )NP , (PP such as (NP *UNKING rooms )NP )PP , )NP (VP may (VP be (ADVP ahead (PP of (NP their American counterparts )NP )PP )ADVP )VP )VP )S (PRN , (S (NP he )NP (VP says )VP )S , )PRN but `` (S (ADVP basically )ADVP , (NP there )NP (VP 's (NP (NP little analysis )NP (VP done (PP on (NP computers )NP )PP (PP in (NP Japan )NP )PP )VP )NP )VP )S . '' )S  STOP
(S (PP Of (NP course )NP )PP , (S (S (VP (ADVP simply )ADVP buying (NP computers )NP )VP )S (VP does n't (ADVP always )ADVP (VP solve (NP problems )NP )VP )VP )S , and (S (NP many American companies )NP (VP have (VP *UNKED (PP by (S (VP purchasing (NP (NP technology )NP (SBAR (S (NP they )NP (VP did n't (VP understand )VP )VP )S )SBAR )NP )VP )S )PP )VP )VP )S . )S  STOP
(S But (NP healthy *UNK )NP (VP is (ADVP only )ADVP (NP (NP a small reason )NP (PP for (NP (NP Japan 's )NP PC lag )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC (ADJP cultural and economic )ADJP forces )NP (VP have (VP *UNKED (NP demand )NP )VP )VP . )S  STOP
(S (S (SBAR Because (S (NP the Japanese `` *UNK '' )NP (VP is (ADJP so huge )ADJP )VP )S )SBAR , (NP Japan )NP (VP has (NP (NP no history )NP (PP of (NP *UNK use )NP )PP )NP )VP )S , and (ADVP so )ADVP (S (NP `` (NP *UNK *UNK )NP , '' (PP (ADVP especially )ADVP among (NP older workers )NP )PP , )NP (VP remains (NP a common *UNK )NP )VP )S . )S  STOP
(SINV `` (S (NP I )NP (VP have (NP (NP no experience )NP (ADVP before )ADVP (PP with (NP such sophisticated machinery )NP )PP )NP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a *UNK- executive vice president )NP (PP of (NP Japan Air Lines )NP )PP )NP )NP , (S (VP explaining (NP (NP his reluctance )NP (PP before (S (VP *UNKING (NP (NP a terminal )NP (PP in (NP his office )NP )PP )NP (NP this summer )NP )VP )S )PP )NP )VP )S . )SINV  STOP
(S (SBAR While (S (NP most American employees )NP (VP have (NP their own private space )NP )VP )S )SBAR , (NP Japanese `` *UNK '' )NP (ADVP usually )ADVP (VP (VP share (NP large , common tables )NP )VP and (VP rely (ADVP heavily )ADVP (PP on (NP *UNKED personal contact )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC Japanese executives )NP (ADVP often )ADVP (VP make (NP (NP decisions )NP (VP based (PP on (NP (NP (NP consensus )NP and (NP personal relationships )NP )NP (PP rather than (NP (NP complex financial projections )NP and (NP fancy *UNK )NP )NP )PP )NP )PP )VP )NP )VP . )S  STOP
(S And (NP (NP Japan 's )NP management system )NP (VP makes (S (NP (NP it )NP )NP (ADJP hard )ADJP (S (VP to (VP impose (NP a single , integrated computer system )NP (ADVP *UNK )ADVP )VP )VP )S )S )VP . )S  STOP
(S (ADVP Besides )ADVP , (NP (NP a computer )NP (VP processing (NP the Japanese language )NP )VP )NP (VP needs (NP (NP a huge memory )NP and (NP much processing *UNK )NP )NP , (SBAR while (S (NP the screen and *UNK )NP (VP need (NP (ADJP far better )ADJP definition )NP (S (VP to (VP *UNK (ADVP *UNKLY )ADVP (NP the *UNK *UNK )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP Until (ADVP recently )ADVP )PP , (NP (NP much )NP (PP of (NP the necessary technology )NP )PP )NP (VP has (VP been (ADJP (ADJP *UNK )ADJP or (ADVP at least )ADVP (ADJP *UNK )ADJP )ADJP )VP )VP . )S  STOP
(S (NP Some analysts )NP (VP estimate (SBAR (S (NP the average PC )NP (VP costs (ADJP (ADJP (NP (QP about 50 )QP % )NP more )ADJP )ADJP (PP in (NP Japan )NP )PP (PP than (NP the U.S. )NP )PP )VP )S )SBAR )VP . )S  STOP
(S But (NP the complex language )NP (VP is n't (NP the only reason )NP )VP . )S  STOP
(S (PP For (NP the past decade )NP )PP , (NP NEC Corp. )NP (VP has (VP (VP owned (NP (QP more than half )QP the Japanese PC market )NP )VP and (VP ruled (NP it )NP (PP with (NP *UNKLY power )NP )PP )VP )VP )VP . )S  STOP
(S (PP With (NP little competition )NP )PP , (NP (NP the computer industry )NP (ADVP here )ADVP )NP (VP is (ADJP *UNK )ADJP )VP . )S  STOP
(S (NP The U.S. market )NP , (ADVP too )ADVP , (VP is (VP dominated (PP by (NP (NP a giant )NP , (NP International Business Machines Corp )NP )NP )PP )VP )VP . )S  STOP
(S But (ADVP early on )ADVP , (NP IBM )NP (VP offered (NP its basic design )NP (PP to (NP (NP anybody )NP (VP *UNKING (S (VP to (VP copy (NP it )NP )VP )VP )S )VP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP small companies )NP )PP )NP (VP did , (S (ADVP *UNKLY )ADVP (VP establishing (NP a standard operating system )NP )VP )S )VP . )S  STOP
(S (NP That )NP (VP (VP *UNK (NP competition and growth )NP )VP , (VP allows (S (NP users )NP (VP to (VP change and mix (NP brands )NP (ADVP easily )ADVP )VP )VP )S )VP , and (VP increases (NP (NP software firms ' )NP incentive (S (VP to (VP write (NP packages )NP )VP )VP )S )NP (SBAR because (S (NP they )NP (VP can (VP be (VP sold (PP to (NP (NP users )NP (PP of (NP virtually any computer )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (SBAR If (S (NP a record industry )NP (VP *UNKED (NP a common standard )NP )VP )S )SBAR , (NP Sony CD owners )NP (VP could (VP listen (PP to (NP (NP (NP a Sony version )NP (PP of (NP (NP *UNKC 's )NP `` (PP Like (NP a *UNKC )NP )PP '' )NP )PP )NP but not (NP (NP one )NP (VP made (PP for (NP a *UNKC player )NP )PP )VP )NP )NP )PP )VP )VP . )S  STOP
(S (NP That )NP (VP is (NP (NP the state )NP (PP of (NP (NP Japan 's )NP computer industry )NP )PP )NP )VP . )S  STOP
(S (S (NP NEC )NP (VP wo n't (VP release (NP its code )NP )VP )VP )S , and (S (NP (NP every one )NP (PP of (NP the (QP dozen or so )QP makers )NP )PP )NP (VP has (NP its own *UNK operating system )NP (PRN -- (S (NP all )NP (ADJP *UNK (PP with (NP each other )NP )PP )ADJP )S )PRN )VP )S . )S  STOP
(S (S (NP IBM )NP (VP established (NP its standard )NP (S (VP to (VP try (S (VP to (VP stop (S (VP falling (PP behind (NP *UNK Apple Computer )NP )PP )VP )S )VP )VP )S )VP )VP )S )VP )S , but (S (NP NEC )NP (VP (VP was (ADVP ahead )ADVP (PP from (NP the start )NP )PP )VP and (VP did n't (VP need (S (VP to (VP *UNK (PRT in )PRT (NP competitive allies )NP )VP )VP )S )VP )VP )VP )S . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP the big players )NP (VP have n't (VP tried (S (VP to (VP copy (NP the NEC standard )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Corporate pride )NP (CONJP as well as )CONJP (NP (NP the close ties )NP (ADJP common (PP among (NP Japanese manufacturers )NP )PP )ADJP )NP )NP (VP help (S (VP explain (FRAG (WHADVP why )WHADVP )FRAG )VP )S )VP . )S  STOP
(S (S (NP Most rivals )NP `` (VP have (NP (NP a working relationship )NP (PP with (NP NEC )NP )PP )NP (PRN , (ADVP often )ADVP (PP through (NP (NP *UNKING )NP (PP of (NP technology )NP )PP )NP )PP )PRN )VP , '' )S (NP the Japan Personal Computer *UNKC Association )NP (VP noted (ADVP recently )ADVP )VP . )S  STOP
(S `` (S (NP They )NP (VP *UNK (S (VP to (VP market (NP *UNKC machines )NP )VP )VP )S )VP )S ; (S (S (NP NEC )NP (VP *UNK (PP of (NP such machines )NP )PP )VP )S , and (S (S (VP marketing (NP one )NP )VP )S (VP would (VP *UNK (NP their relationship )NP )VP )VP )S )S . '' )S  STOP
(S (NP The result )NP , (PP according (PP to (NP many analysts )NP )PP )PP , (VP is (NP (NP higher prices )NP and (NP less *UNK )NP )NP )VP . )S  STOP
(S (SBAR While (S (NP (NP *UNK )NP (PP of (NP (NP thousands )NP (PP of (NP (NP software packages )NP (VP using (NP the IBM standard )NP )VP )NP )PP )NP )PP )NP (VP are (ADJP available )ADJP (PP in (NP the U.S. )NP )PP )VP )S )SBAR , (NP they )NP (VP say (SBAR (S (NP (QP only about 8,000 )QP )NP (VP are (VP written (PP for (NP NEC )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP (NP A year )NP ago )ADVP , (NP (NP Japan 's )NP *UNKC Trade Commission )NP (VP warned (NP NEC )NP (PP about (NP (NP possible violations )NP (PP of (NP *UNKLY laws )NP )PP )NP )PP (PP for (S (VP *UNKING (NP retailers )NP (PP from (S (VP discounting )VP )S )PP )VP )S )PP )VP . )S  STOP
(SINV (S (PP In (NP Japan )NP )PP , `` (NP software )NP (VP is (PP (NP (QP four to five )QP years )NP behind (NP the U.S. )NP )PP (SBAR because (S (NP hardware )NP (VP is (ADVP (NP (QP four to five )QP years )NP behind )ADVP , (SBAR because (S (NP NEC )NP (VP is (VP *UNKING (NP a *UNKLY )NP )VP )VP )S )SBAR )VP )S )SBAR )VP , '' )S (VP complains )VP (NP (NP *UNKC *UNKC )NP , (NP (NP the president )NP (PP of (NP (NP *UNKC Corp. )NP , (NP (NP one )NP (PP of (NP (NP Japan 's )NP leading *UNKC publishing and software companies )NP )PP )NP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP There )NP (VP are (NP (NP no price wars )NP , (NP no competition )NP )NP )VP . '' )S  STOP
(S (NP An NEC spokeswoman )NP (VP *UNK (SBAR that (S (NP prices )NP (VP are (ADJP higher )ADJP (PP in (NP Japan )NP )PP (SBAR because (S (NP customers )NP (VP put (NP (NP a greater emphasis )NP )NP (PP on (NP quality and service )NP )PP (SBAR than (S (NP they )NP (VP do (VP (PP in (NP the U.S. )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP She )NP (VP adds (SBAR that (S (NP some *UNK advances )NP (VP trail (NP (NP those )NP (PP in (NP the U.S. )NP )PP )NP (SBAR because (S (NP the Japanese )NP (VP (ADVP still )ADVP import (NP basic operating systems )NP (PP from (NP American companies )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S But (NP the market )NP (VP is (VP changing )VP )VP . )S  STOP
(S (NP The government )NP (VP is (VP funding (NP several projects )NP (S (VP to (VP push (NP PC use )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP Over (NP the next three years )NP )PP , (NP public schools )NP (VP will (VP get (NP (NP (QP 1.5 million )QP PCs )NP , (NP (NP a *UNK- increase )NP (PP from (NP current levels )NP )PP )NP )NP )VP )VP . )S  STOP
(S (PP In (NP the private sector )NP )PP , (NP *UNKLY every major company )NP (VP is (VP setting (NP *UNK goals (S (VP to (VP increase (NP (NP (NP employees ' )NP exposure )NP (PP to (NP computers )NP )PP )NP )VP )VP )S )NP )VP )VP . )S  STOP
(S (S (NP (NP (NP Toyota Motor Corp. 's )NP sales offices )NP (PP in (NP Japan )NP )PP )NP (VP have (NP (NP *UNK- the computers )NP (PP per (NP employee )NP )PP (SBAR (WHNP that )WHNP (S (NP its own U.S. offices )NP (VP do )VP )S )SBAR )NP )VP )S ; (S (PP over (NP the next five years )NP )PP , (NP it )NP (VP is (VP *UNKING (PP for (NP rough parity )NP )PP )VP )VP )S . )S  STOP
(S (PP Within (NP a year )NP )PP , (NP (NP *UNKC Corp. )NP , (NP a major cosmetics company )NP , )NP (VP plans (S (VP to (VP eliminate (NP 1,000 *UNK jobs )NP (PP by (S (VP putting (PP on (NP a central computer network )NP )PP (NP (NP some work )NP , (PP such as (NP credit reports )NP )PP , (VP (ADVP currently )ADVP performed (PP in (NP 22 separate offices )NP )PP )VP )NP )VP )S )PP )VP )VP )S )VP . )S  STOP
(S (PP By (S (VP increasing (NP (NP the number )NP (PP of (NP PCs )NP )PP (SBAR (S (NP it )NP (VP uses )VP )S )SBAR )NP (PP from (NP 66 )NP )PP (PP to (NP 1,000 )NP )PP )VP )S )PP , (NP (NP *UNKC *UNKC Electronics Co. )NP , (PP of (NP *UNKC )NP )PP , )NP (VP hopes (S (VP (CONJP not only )CONJP (VP to (VP make (S (NP certain tasks )NP (ADJP easier )ADJP )S )VP )VP (CONJP but also )CONJP (VP to (VP transform (NP (NP the way )NP (SBAR (S (NP the company )NP (VP is (VP run )VP )VP )S )SBAR )NP )VP )VP )VP )S )VP . )S  STOP
(S `` (S (NP Managers )NP (VP have (ADVP long )ADVP (VP been (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP *UNK (NP their *UNK )NP (SBAR so (S (NP orders )NP (VP would (VP be (ADVP properly )ADVP (VP acted (PP on )PP )VP )VP )VP )S )SBAR )VP )S )SBAR )NP )VP )VP )S , '' (NP a spokesman )NP (VP says )VP . )S  STOP
(S `` But (S (NP new managers )NP (VP will (VP have (S (VP to (VP be (NP *UNK and *UNK )NP )VP )VP )S )VP )VP )S ... and (S (PP for (NP that purpose )NP )PP (NP (NP it )NP )NP (VP is (ADJP necessary )ADJP (S (VP to (VP create (NP (NP an environment )NP (SBAR (WHADVP where )WHADVP (S (NP (NP information )NP (PP from (PP both inside and outside (NP the company )NP )PP )PP )NP (VP can (VP be (VP (VP reached (ADVP easily )ADVP )VP , and (VP (ADVP also )ADVP shared )VP )VP )VP )VP )S )SBAR )NP )VP )VP )S )VP )S . '' )S  STOP
(S (ADVP Meanwhile )ADVP , (NP more computer makers )NP (ADVP now )ADVP (VP are (VP competing (PP for (NP the new business )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC Corp. )NP , (NP (NP a *UNK )NP (PP to (NP the industry )NP )PP )NP , )NP (VP (VP fought (PRT off )PRT (NP a legal challenge )NP )VP and (VP started (VP selling (NP NEC *UNK )NP (NP last year )NP )VP )VP )VP . )S  STOP
(S (NP It )NP (VP has (VP won (NP (NP (QP about 15 )QP % )NP (PP of (NP the retail PC market )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Sony Corp. )NP , (SBAR (WHNP which )WHNP (S (ADVP temporarily )ADVP (VP dropped (PP out (PP of (NP the PC business )NP )PP )PP (ADVP (NP three years )NP ago )ADVP )VP )S )SBAR , )NP (VP (VP started (VP selling (NP its work station )NP (PP in (NP 1987 )NP )PP )VP )VP and (VP (ADVP quickly )ADVP became (NP (NP the leading Japanese company )NP (PP in (NP that market )NP )PP )NP )VP )VP . )S  STOP
(S (PP In (NP (NP a country )NP (SBAR (WHADVP where )WHADVP (S (NP *UNK room )NP (VP is (ADJP *UNK )ADJP )VP )S )SBAR )NP )PP , (NP *UNK machines )NP (VP will (VP take (NP (NP a large portion )NP (PP of (NP (NP the industry 's )NP future growth )NP )PP )NP )VP )VP . )S  STOP
(S (NP Toshiba Corp. )NP (VP *UNKED (S (ADJP open )ADJP )S (NP that sector )NP (NP this summer )NP (PP with (NP (NP (NP a *UNKED machine )NP (SBAR (WHNP that )WHNP (S (VP *UNK (PP for (NP (NP (QP less than 200,000 )QP yen )NP (PRN -LRB- (NP (QP under $ 1,500 )QP )NP -RRB- )PRN )NP )PP )VP )S )SBAR )NP -- (NP (NP one )NP (PP of (NP (NP the *UNK , *UNK PCs )NP (ADJP available (PP in (NP the country )NP )PP )ADJP )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP Fujitsu Ltd. )NP (VP is (VP *UNKING (NP (NP the (ADJP most expensive )ADJP promotion campaign )NP (PP in (NP its history )NP )PP (PRN -- (PP including (NP (NP a *UNK- *UNK )NP (PP at (NP Tokyo *UNKC )NP )PP )NP )PP -- )PRN )NP (PP for (NP (NP its sophisticated *UNK *UNK *UNKC machine )NP , (SBAR (WHNP which )WHNP (S (NP it )NP (VP *UNK (PP for (NP (NP everything )NP (PP from (S (VP *UNKING (NP the family *UNK )NP )VP )S )PP (PP to (S (VP *UNKING (NP *UNK , bar *UNKING )NP )VP )S )PP )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP Many )NP (PP of (NP the companies )NP )PP )NP (VP are (VP (VP (ADVP even )ADVP dropping (NP their traditional independence )NP )VP and (VP trying (S (VP to (VP band (ADVP together )ADVP (S (VP to (VP create (NP (NP some sort )NP (PP of (NP standard )NP )PP )NP )VP )VP )S )VP )VP )S )VP )VP )VP . )S  STOP
(S (ADVP (NP Two years )NP ago )ADVP , (NP (NP most )NP (PP of (NP the smaller makers )NP )PP )NP (VP joined (PP under (NP the Microsoft Corp. *UNK )NP )PP (S (VP to (VP adopt (NP (NP a version )NP (PP of (NP the American IBM *UNK standard )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (S (NP That )NP (VP has n't (VP generated (NP much sales )NP )VP )VP )S , but (S (NP this summer )NP (NP Microsoft )NP (VP rallied (S (NP all the major NEC competitors )NP (VP to (VP make (S (NP their new machines )NP (ADJP *UNK (PP with (NP the IBM *UNKC standard )NP )PP )ADJP )S )VP )VP )S )VP )S . )S  STOP
(S (NP A healthy , *UNK Japanese market )NP (VP could (VP (ADVP also )ADVP make (S (NP (NP it )NP )NP (ADJP far easier )ADJP (SBAR for (S (NP Japanese companies )NP (VP to (VP sell (ADVP (ADVP overseas )ADVP , (SBAR (WHADVP where )WHADVP (S (NP their share )NP (VP is (ADVP still )ADVP (ADJP minimal )ADJP )VP )S )SBAR )ADVP )VP )VP )S )SBAR )S )VP )VP . )S  STOP
(S But (NP it )NP (VP could (ADVP also )ADVP (VP help (NP (NP American companies )NP , (SBAR (WHNP which )WHNP (S (ADVP also )ADVP (VP are (VP starting (S (VP to (VP try (S (VP to (VP open (NP the market )NP )VP )VP )S )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (PP As (PP with (NP many other goods )NP )PP )PP , (NP (NP the American share )NP (PP of (NP (NP Japan 's )NP PC market )NP )PP )NP (VP is (PP far below (NP (NP that )NP (PP in (NP (NP the rest )NP (PP of (NP the world )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP U.S. makers )NP (VP have (NP (ADJP (QP under 10 )QP % )ADJP share )NP , (PP compared (PP with (NP (NP (NP half the market )NP (PP in (NP Europe )NP )PP )NP and (NP (NP 80 % )NP (PP at (NP home )NP )PP )NP )NP )PP )PP )VP . )S  STOP
(S (SBAR Though (S (NP no formal trade barriers )NP (VP exist )VP )S )SBAR , (NP the Japanese computer industry )NP (VP is (ADJP difficult (SBAR for (S (NP *UNK )NP (VP to (VP enter )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(SINV `` (S (SBAR If (S (NP it )NP (VP were (NP an open market )NP )VP )S )SBAR , (NP we )NP (VP would (VP have (VP been (ADVP in )ADVP (PP in (NP 1983 or 1984 )NP )PP )VP )VP )VP )S , '' (VP says )VP (NP (NP *UNKC Pfeiffer )NP , (SBAR (WHNP who )WHNP (S (VP heads (NP (NP Compaq Computer Corp. 's )NP European and international operations )NP )VP )S )SBAR )NP . )SINV  STOP
(S (NP His company )NP , (PP without (NP any major effort )NP )PP , (VP sells (NP (NP more machines )NP (PP in (NP China )NP )PP (PP than (PP in (NP Japan )NP )PP )PP )NP )VP . )S  STOP
(S (SBAR Although (S (NP it )NP (VP has (VP opened (NP a New Zealand subsidiary )NP )VP )VP )S )SBAR , (NP it )NP (VP is (ADVP still )ADVP (VP (ADVP only )ADVP `` studying '' (NP (NP Japan )NP , (NP (NP the only nation )NP (SBAR (WHNP that )WHNP (S (VP has n't (VP adopted (NP *UNKED *UNK )NP )VP )VP )S )SBAR )NP )NP )VP )VP . )S  STOP
(S And (SBAR because (S (NP (NP general retail centers )NP (PP such as (NP *UNKC )NP )PP )NP (VP have (NP little presence )NP (PP in (NP Japan )NP )PP )VP )S )SBAR , (NP sales )NP (VP remain (PP in (NP (NP the *UNK grip )NP (PP of (NP established computer makers )NP )PP )NP )PP )VP . )S  STOP
(S But (NP the Americans )NP (VP are (ADVP also )ADVP (S (VP to (VP blame )VP )VP )S )VP . )S  STOP
(S (NP They )NP (ADVP long )ADVP (VP made (NP little effort )NP (ADVP here )ADVP )VP . )S  STOP
(S (S (NP IBM )NP (PRN , (SBAR though (S (ADVP long )ADVP (NP a leader )NP (PP in (NP the Japanese mainframe business )NP )PP )S )SBAR , )PRN (VP did n't (VP introduce (NP its first PC )NP (PP in (NP Japan )NP )PP (PP until (SBAR (NP five years )NP after (S (NP NEC )NP (VP did )VP )S )SBAR )PP )VP )VP )S , and (S (NP that )NP (VP was n't (ADJP *UNK (PP even with (NP the U.S. IBM standard )NP )PP )ADJP )VP )S . )S  STOP
(S (NP Apple )NP (VP did n't (VP introduce (NP (NP a *UNK machine )NP (PRN -- (NP (NP one )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP (NP the Chinese characters )NP (PP of (NP written Japanese )NP )PP )NP )VP )S )SBAR )NP -- )PRN )NP (PP until (PP (NP three years )NP after (S (VP entering (NP the market )NP )VP )S )PP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (ADVP also )ADVP (VP say (SBAR (S (NP American companies )NP (VP charge (NP too much )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Japan 's )NP *UNKC )NP (VP says (SBAR (S (NP it )NP (VP is (VP investigating (NP Apple )NP (PP for (S (ADVP allegedly )ADVP (VP *UNKING (NP retailers )NP (PP from (S (VP discounting )VP )S )PP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP the U.S. companies )NP (VP are (VP *UNKING (NP their efforts )NP )VP )VP . )S  STOP
(S (NP Apple )NP (ADVP recently )ADVP (VP hired (NP (NP its first Japanese president )NP )NP , (S (VP *UNKING (PRT away )PRT (NP (NP (NP an official )NP (PP of (NP (NP Toshiba 's )NP European operations )NP )PP )NP )NP )VP )S , (PP as well as (NP a whole Japanese *UNK- team )NP )PP )VP . )S  STOP
(S (NP Earlier this year )NP , (NP it )NP (VP introduced (NP (NP a (ADJP (ADVP much more )ADVP powerful )ADJP *UNK operating system )NP and (NP a *UNK *UNK *UNK )NP )NP )VP . )S  STOP
(S (NP IBM )NP (NP just last year )NP (VP started (S (VP selling (NP (NP its first machine )NP (SBAR (SBAR (WHNP that )WHNP (S (VP could (VP run (PP in (NP both Japanese and English )NP )PP )VP )VP )S )SBAR and (SBAR (WHNP that )WHNP (S (VP (ADVP substantially )ADVP *UNK (NP (NP *UNK )NP (PP with (NP its American products )NP )PP )NP )VP )S )SBAR )SBAR )NP )VP )S )VP . )S  STOP
(SINV `` (S (NP (NP It )NP )NP (VP may (VP take (NP five years )NP (S (VP to (VP break (PRT even )PRT (PP in (NP Japan )NP )PP )VP )VP )S )VP )VP )S , '' (VP says )VP (NP (NP John A. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP runs (NP the *UNKC office )NP (PP for (NP (NP *UNKC & Dodge )NP , (NP a U.S. software company )NP )NP )PP )VP )S )SBAR )NP . )SINV  STOP
(S `` But (NP it )NP (VP 's (NP an enormous business opportunity )NP )VP . )S  STOP
(S (PP From (NP (NP a reading )NP (PP of (NP (NP the (ADJP somewhat *UNK )ADJP *UNKC medical *UNK )NP (PP on (NP RU-486 )NP )PP )NP )PP )NP )PP , (NP the French abortion pill )NP (VP *UNK (PP as (NP (NP one )NP (PP of (NP (NP the *UNK *UNK )NP (ADVP around )ADVP )NP )PP )NP )PP )VP . )S  STOP
(S (NP This )NP (VP is (ADVP not only )ADVP (SBAR because (S (NP it )NP (VP (NP *UNK (NP the *UNK )NP )NP , (NP (NP a job )NP (SBAR (WHPP at (WHNP which )WHNP )WHPP (S (NP it )NP (ADVP actually )ADVP (VP is not (ADJP *UNKLY efficient )ADJP , (S (VP *UNKING (NP (NP (QP only 50 % to 85 % )QP )NP (PP of (NP them )NP )PP )NP (PP depending (PP on (SBAR (WHNP which study )WHNP (S (NP you )NP (VP read )VP )S )SBAR )PP )PP )VP )S )VP (PRN -LRB- (S (NP *UNK )NP , (S (VP taken (PP in (NP (NP *UNK )NP (PP with (NP the pill )NP )PP )NP )PP )VP )S , (VP *UNK (NP the rate )NP (PP to (NP 95 % )NP )PP )VP )S -RRB- )PRN )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (PP By (NP contrast )NP )PP , (NP *UNK abortion )NP (VP is (ADJP (NP 99 % )NP effective )ADJP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP via (NP the pill )NP )PP )NP (VP is (ADJP (ADJP far more (PP of (NP an *UNK )NP )PP )ADJP (PP than (NP conventional *UNK abortion )NP )PP )ADJP )VP . )S  STOP
(S (NP It )NP (VP is (ADJP (ADJP *UNKING )ADJP (PRN -LRB- (S (S (NP (NP the abortion part )NP (ADVP alone )ADVP )NP (VP *UNK (NP three days )NP )VP )S , and (S (NP the clinical part )NP (VP *UNK (NP (NP (NP a week 's )NP worth )NP (PP of (NP visits )NP )PP )NP )VP )S )S -RRB- )PRN , (ADJP *UNK )ADJP (PRN -LRB- (S (NP (NP one woman )NP (PP in (NP a Swedish trial )NP )PP )NP (VP required (NP a *UNK )NP , (SBAR although (S (PP for (NP most )NP )PP (NP it )NP (VP *UNK (NP a *UNK period )NP , (PP with (NP (NP *UNKING )NP (VP *UNKING (NP (NP an average )NP (PP of (NP 10 days )NP )PP )NP )VP )NP )PP )VP )S )SBAR )VP )S -RRB- )PRN , and (ADJP painful )ADJP (PRN -LRB- (S (NP many women )NP (VP require (NP *UNK *UNK )NP (S (VP to (VP ease (NP them )NP (PRT through )PRT )VP )VP )S )VP )S -RRB- )PRN )ADJP )VP . )S  STOP
(S (NP *UNKC and *UNKING )NP (VP are (NP other common side effects )NP )VP . )S  STOP
(S (NP *UNKING )NP (VP is (PP of (NP the *UNK )NP )PP (PP with (NP RU-486 )NP )PP )VP . )S  STOP
(S (NP It )NP (VP is (ADJP most effective )ADJP (S (VP taken (UCP (SBAR (NP about a week )NP after (S (NP a woman )NP (VP *UNK (NP her *UNK period )NP )VP )S )SBAR (PP up through (NP (NP the *UNK week )NP (PP of (NP pregnancy )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP is (ADJP *UNKLY less effective )ADJP )VP )S )SBAR )NP )PP )UCP )VP )S )VP . )S  STOP
(S (NP That )NP (VP is (ADVP typically )ADVP (NP about a *UNK- window )NP )VP . )S  STOP
(S (ADVP So far )ADVP , (NP all the studies )NP (VP have (VP concluded (SBAR that (S (NP RU-486 )NP (VP is `` (ADJP safe )ADJP )VP )S )SBAR )VP )VP . '' )S  STOP
(S But `` (ADJP safe )ADJP (PRN , '' (PP in (NP (NP the definition )NP (PP of (NP (NP *UNKC Bass )NP (PP of (NP the *UNKC Health Technologies *UNKC )NP )PP )NP )PP )NP )PP , )PRN (VP means (SBAR `` (S (NP there )NP (VP 's (VP been (NP (NP no evidence )NP )NP (ADVP so far )ADVP (PP of (NP mortality )NP )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP No one )NP (VP has (VP *UNKED (NP (NP the long-term effects )NP (PP of (NP RU-486 )NP )PP (PP on (NP (NP a woman 's )NP health or *UNK )NP )PP )NP )VP )VP . )S  STOP
(S (NP The drug )NP (VP seems (S (VP to (VP *UNK (NP *UNK )NP (PP for (NP (NP (QP three to seven )QP months )NP (SBAR after (S (NP it )NP (VP is (VP taken )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S (S (NP Some women )NP (ADVP clearly )ADVP (VP have (NP (NP no trouble )NP (S (ADVP eventually )ADVP (VP *UNKING (ADVP again )ADVP )VP )S )NP )VP )S : (S (NP The studies )NP (VP have (VP reported (NP *UNK )NP (PP in (NP their programs )NP )PP )VP )VP )S . )S  STOP
(S But (NP there )NP (VP are (NP (NP no scientific data )NP (PP on (NP this question )NP )PP )NP )VP . )S  STOP
(S (S (ADVP Rather *UNKLY )ADVP , (NP *UNK studies )NP (VP reveal (SBAR that (S (NP RU-486 )NP (VP can (VP cause (NP *UNK defects )NP )VP )VP )S )SBAR )VP )S , (NP (NP *UNKC )NP , (NP the British medical journal )NP , )NP (VP reported (PP in (NP 1987 )NP )PP )VP . )S  STOP
(S (ADVP However )ADVP , (NP (NP Dr. *UNKC *UNKC )NP , (NP (NP the French *UNK )NP (SBAR (WHNP who )WHNP (S (VP *UNKED (NP RU-486 )NP )VP )S )SBAR )NP , )NP (VP wrote (PP in (NP a Science magazine article )NP )PP (NP last month )NP (SBAR that (S (NP the *UNK- results )NP (VP could not (VP be (VP *UNKED (PP in (NP *UNK and *UNK )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The drug )NP (VP has (NP (NP a *UNK- structure )NP (ADJP similar (PP to (NP (NP that )NP (PP of (NP (NP *UNKC )NP , (NP (NP the *UNK- drug )NP (SBAR (WHNP that )WHNP (S (VP has (VP been (VP linked (PP to (NP *UNK and *UNK cancer )NP )PP (PP in (NP (NP some )NP (PP of (NP (NP the *UNK )NP (PP of (NP (NP the women )NP (SBAR (WHNP who )WHNP (S (VP took (NP it )NP )VP )S )SBAR )NP )PP )NP )PP )NP )PP )VP )VP )VP )S )SBAR )NP )NP )PP )NP )PP )ADJP )NP )VP . )S  STOP
(S (NP All the published studies )NP (VP recommend (SBAR that (S (NP (NP women )NP (SBAR (WHPP on (WHNP whom )WHNP )WHPP (S (NP the drug )NP (VP *UNK (ADJP *UNK )ADJP )VP )S )SBAR )NP (VP not (VP carry (NP the pregnancy )NP (PP to (NP term )NP )PP )VP but (VP *UNK (NP a *UNK abortion )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP A risk )NP (PP of (NP *UNK defects )NP )PP )NP , (NP (NP a sure source )NP (PP of (NP lawsuits )NP )PP )NP , )NP (VP is (NP (NP one reason )NP (SBAR (S (NP the U.S. pharmaceutical industry )NP (VP is (VP *UNKING (ADVP clear (PP of (NP RU-486 )NP )PP )ADVP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP One )NP (VP might (ADVP well )ADVP (VP ask : (SBARQ (WHADVP Why )WHADVP (SQ (VP *UNK (PP with (NP this drug )NP )PP (ADVP at all )ADVP )VP )SQ )SBARQ )VP )VP ? )S  STOP
(S (NP Some abortion advocates )NP (VP have (VP been (VP asking (NP themselves )NP (NP this very question )NP )VP )VP )VP . )S  STOP
(SINV (S (NP RU-486 )NP `` (VP (ADVP probably )ADVP represents (NP (NP a technical advance )NP (PP in (NP (NP an area )NP (SBAR (WHADVP where )WHADVP (S (NP none )NP (VP is (VP needed (PRN , or (ADVP (ADVP at least )ADVP not very much )ADVP )PRN )VP )VP )S )SBAR )NP )PP )NP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP president )NP (PP of (NP the National *UNKC Federation )NP )PP )NP , )NP (PP at (NP a *UNK health conference )NP )PP (PP in (NP 1986 )NP )PP . )SINV  STOP
(S (NP Many *UNK )NP (VP have (VP expressed (NP (NP concern )NP (PP over (NP (NP the heavy *UNKING )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (SBAR even if (S (NP the drug )NP (VP *UNK (S (VP to (VP induce (NP an abortion )NP )VP )VP )S )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP (NP It )NP )NP (ADVP typically )ADVP (VP takes (NP (QP from eight to 10 )QP years )NP (S (VP to (VP obtain (NP (NP the Food and Drug Administration 's )NP approval )NP (PP for (NP a new drug )NP )PP )VP )VP )S )VP )S , and (S (NP (NP the cost )NP (PP of (S (VP testing and marketing (NP a new drug )NP )VP )S )PP )NP (VP can (VP range (PP (PP from (NP (QP $ 30 million )QP )NP )PP (PP to (NP (QP $ 70 million )QP )NP )PP )PP )VP )VP )S . )S  STOP
(S (NP The Health and Human Services Department )NP (ADVP currently )ADVP (VP *UNK (NP (NP the National *UNKC )NP (PP of (NP Health )NP )PP )NP (PP from (S (VP funding (NP abortion research )NP (PP as (NP (NP part )NP (PP of (NP its (ADJP (QP $ 8 million )QP )ADJP *UNK program )NP )PP )NP )PP )VP )S )PP )VP . )S  STOP
(S But (NP (NP the *UNKC Council )NP , (NP (NP a *UNK- , (ADJP (QP $ 20 million )QP )ADJP *UNK organization )NP (SBAR (WHNP that )WHNP (S (VP (VP has (NP (NP the backing )NP (PP of (NP the Rockefeller and *UNKC *UNK )NP )PP )NP )VP and (VP (ADVP currently )ADVP *UNK (NP (NP most U.S. research )NP (PP on (NP *UNK )NP )PP )NP )VP )VP )S )SBAR )NP , )NP (VP has (ADVP recently )ADVP (VP been (VP paying (PP for (NP (NP U.S. studies )NP (PP of (NP RU-486 )NP )PP (PP on (NP (NP a license )NP (PP from (NP (NP its French developer )NP , (NP (NP *UNKC )NP , (NP (NP a joint subsidiary )NP (PP of (NP (NP (NP the German pharmaceutical company *UNKC )NP )NP and (NP the French government )NP )NP )PP )NP )NP )NP )PP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (PP In (NP (NP the year )NP (SBAR since (S (NP the pill )NP (VP went (PP on (NP the French market )NP )PP )VP )S )SBAR )NP )PP , (NP (NP the National Organization for *UNKC )NP and (NP (NP its *UNK )NP , (NP (NP (NP former *UNKC President *UNKC *UNKC 's )NP Fund )NP (PP for (NP a *UNKC Majority )NP )PP )NP , )NP )NP (VP have (VP been (VP trying (S (VP to (VP *UNK (NP the U.S. pharmaceutical industry )NP (PP into (S (VP getting (ADJP involved )ADJP )VP )S )PP )VP )VP )S )VP )VP )VP . )S  STOP
(FRAG -LRB- (NP Its *UNK- *UNK )NP : (S (NP the pill )NP `` (VP will (VP be (ADJP available )ADJP (PP in (NP the U.S. )NP )PP , (ADVP either *UNKLY or illegally )ADVP , (PP in (NP (QP no more than *UNKN )QP years )NP )PP )VP )VP )S . '' -RRB- )FRAG  STOP
(SINV (VP Following (NP the *UNK and *UNK- lead )NP )VP (VP has (VP been )VP )VP (NP a (ADJP generally *UNK )ADJP press )NP . )SINV  STOP
(S (NP (NP A June 1988 article )NP (PP in (NP *UNKC Jones magazine )NP )PP )NP (VP is (ADJP typical (PP of (NP (NP the general level )NP (PP of (NP media *UNK )NP )PP )NP )PP )ADJP )VP . )S  STOP
(SINV `` (S (PP For (NP (NP a woman )NP (SBAR (WHNP whose period )WHNP (S (VP is (ADJP late )ADJP )VP )S )SBAR )NP )PP , (S (VP using (NP RU-486 )NP )VP )S (VP means (NP (NP no waiting )NP , (NP (NP no walking )NP (PP past (NP (NP *UNK lines )NP (PP at (NP abortion *UNK )NP )PP )NP )PP )NP , and (NP (NP no feet )NP (PP up (PP in (NP *UNK )NP )PP )PP (PP for (NP surgery )NP )PP )NP )NP )VP )S , '' (VP *UNK )VP (NP health writer *UNKC *UNKC )NP . )SINV  STOP
(S `` (NP It )NP (ADVP also )ADVP (VP means (SBAR (S (NP she )NP (VP will (ADVP never )ADVP (VP have (S (VP to (VP know (SBAR whether (S (NP she )NP (VP had (ADVP actually )ADVP (VP been (ADJP pregnant )ADJP )VP )VP )S )SBAR )VP )VP )S )VP )VP )S )SBAR )VP . '' )S  STOP
(FRAG (ADJP *UNKC (PP on (NP all counts )NP )PP )ADJP , (NP Miss *UNKC )NP . )FRAG  STOP
(S (NP RU-486 )NP (VP is (VP being (VP *UNKED (PP in (NP France )NP )PP (ADVP only )ADVP (PP under (NP strict *UNK )NP )PP (PP in (NP (NP the presence )NP (PP of (NP a doctor )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S -LRB- (NP *UNKC )NP (ADVP reportedly )ADVP (VP has (S (NP every pill )NP (VP (VP marked )VP and (VP accounted (PP for )PP )VP (S (VP to (VP make (ADJP sure (SBAR (S (NP none )NP (VP *UNK (PP into (NP the black market )NP )PP )VP )S )SBAR )ADJP )VP )VP )S )VP )S )VP . -RRB- )S  STOP
(S (ADVP Thus )ADVP , (NP (NP a woman )NP (SBAR (WHNP who )WHNP (S (VP used (NP RU-486 )NP (S (VP to (VP have (NP an abortion )NP )VP )VP )S )VP )S )SBAR )NP (VP would (VP have (S (VP to (VP make (NP (NP (NP three *UNK )NP (PP to (NP the *UNK )NP )PP (PP past (NP those *UNK lines )NP )PP )NP ; (NP (NP (NP an initial visit )NP (UCP (PP for (NP (NP medical *UNKING )NP (PRN -LRB- (S (NP (NP *UNK )NP and (NP (NP those )NP (PP with (NP previous pregnancy problems )NP )PP )NP )NP (VP are (VP eliminated )VP )VP )S -RRB- )PRN )NP )PP and (S (VP to (VP take (NP the pill )NP )VP )VP )S )UCP )NP , (NP (NP a second trip )NP (ADVP (NP 48 hours )NP later )ADVP (PP for (NP (NP the *UNK )NP , (VP *UNKED (PP either via (NP (NP *UNK )NP or (NP *UNK *UNK )NP )NP )PP )VP )NP )PP )NP , and (NP (NP a third trip )NP (ADVP (NP a week )NP later )ADVP (S (VP to (VP make (ADJP sure (SBAR (S (NP she )NP (VP has (VP (ADVP completely )ADVP *UNKED )VP )VP )S )SBAR )ADJP )VP )VP )S )NP )NP )NP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP *UNKC )ADVP , (SBAR because (S (NP timing )NP (VP is (ADJP so critical )ADJP (PP with (NP RU-486 )NP )PP )VP )S )SBAR , (NP she )NP (VP will (VP learn , (PP via (NP a *UNK examination and *UNK )NP )PP , (SBAR (ADVP not only )ADVP (SBAR that (S (NP she )NP (VP is (ADJP pregnant )ADJP )VP )S )SBAR , but (SBAR (WHADJP just how pregnant )WHADJP (S (NP she )NP (VP is )VP )S )SBAR )SBAR )VP )VP . )S  STOP
(S (NP (NP No doctor )NP (SBAR (WHNP who )WHNP (S (VP fears (NP *UNK liability )NP )VP )S )SBAR )NP (VP would (VP (ADVP likely )ADVP *UNK (NP a *UNK- patient )NP (PP to (NP (NP the risk )NP (PP of (NP *UNKING )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Many women )NP (VP may (VP (ADVP even )ADVP see (NP (NP (NP the dead *UNK )NP (SBAR (S (NP they )NP (VP have (VP *UNKED )VP )VP )S )SBAR )NP , (NP (NP a *UNK )NP (SBAR (S (NP the *UNK- industry )NP (ADVP typically )ADVP (VP *UNK (NP them )NP )VP )S )SBAR )NP )NP )VP )VP . )S  STOP
(S (PP At (NP seven weeks )NP )PP , (NP an *UNK )NP (VP is (ADJP (ADJP (NP (NP (QP about *UNK- )QP )NP (PP of (NP an *UNK )NP )PP )NP long )ADJP and (ADJP *UNKLY human )ADJP )ADJP )VP . )S  STOP
(S (PP At (NP (NP the *UNK )NP (PP of (NP (NP pro-choice members )NP (PP of (NP Congress )NP )PP )NP )PP )NP )PP , (NP (NP a four-year *UNK bill )NP (PP for (NP *UNKC *UNK federal *UNKING assistance )NP )PP )NP (ADVP now )ADVP (VP contains (NP (NP a (ADJP (QP $ 10 million )QP )ADJP grant )NP (PP for (NP `` (NP (NP development )NP , (NP evaluation )NP and (NP (NP bringing )NP (PP to (NP the marketplace )NP )PP )NP )NP (PP of (NP new improved *UNK devices , drugs and methods )NP )PP )NP )PP )NP )VP . '' )S  STOP
(S (SBAR If (S (NP this )NP (VP *UNK )VP )S )SBAR (PRN -- (S (NP a Senate version )NP (VP has (ADVP already )ADVP (VP been (VP cleared (PP for (NP (NP a floor vote )NP (SBAR (WHNP that )WHNP (S (VP is (ADJP likely )ADJP (NP early next year )NP )VP )S )SBAR )NP )PP )VP )VP )VP )S -- )PRN (NP it )NP (VP would (VP put (NP the federal government )NP (PP into (NP the *UNK marketing business )NP )PP (PP for (NP the first time )NP )PP )VP )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP could (VP (VP put (NP the government )NP (PP into (NP the RU-486 business )NP )PP )VP , (SBAR (WHNP which )WHNP (S (VP would (VP *UNK (NP (NP *UNK )NP (VP *UNKED (PP at (SBAR (WHNP what )WHNP (S (NP they )NP (VP view (PP as (NP (NP *UNK )NP (PP in (NP the private-sector drug industry )NP )PP )NP )PP )VP )S )SBAR )PP )VP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP We )NP (VP do not (VP know (SBAR whether (S (NP RU-486 )NP (VP will (VP be (ADJP (ADJP as *UNK )ADJP (PP as (NP (NP some )NP (PP of (NP (NP the earlier *UNK- methods )NP (VP released (PP to (NP (NP *UNKING , *UNK *UNK )NP (PP from (NP (NP *UNKED people )NP (SBAR (WHNP who )WHNP (S (VP should (VP have (VP known (ADVP better )ADVP )VP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )NP )PP )NP )PP )ADJP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S -LRB- (VP *UNKC (NP (NP the *UNKC *UNKC )NP and (NP the early *UNK- pills )NP )NP )VP ? -RRB- )S  STOP
(S (NP We )NP (VP will not (VP know (SBAR until (S (NP (NP a first generation )NP (PP of (NP (NP female *UNK *UNK )NP (PRN -- (SBAR (WHNP (WHNP all )WHNP (WHPP of (WHNP whom )WHNP )WHPP )WHNP (S (VP will (VP be (ADJP (ADVP more than )ADVP happy (S (VP to (VP *UNK (PP for (NP the job )NP )PP )VP )VP )S )ADJP )VP )VP )S )SBAR -- )PRN )NP )PP )NP (VP has (VP put (NP the abortion pill )NP (PP through (NP (NP the clinical test )NP (PP of (NP time )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Mrs. Allen )NP (VP is (NP (NP a senior editor )NP (PP of (NP *UNKC magazine )NP )PP )NP )VP . )S  STOP
(S (NP This article )NP (VP is (VP *UNKED (PP from (NP (NP one )NP (PP in (NP the October American *UNKC )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP On (NP June 30 )NP )PP , (NP (NP a major part )NP (PP of (NP our trade deficit )NP )PP )NP (VP went (NP *UNK )NP )VP ! )S  STOP
(NP (NP No figure *UNKING )NP ; (NP no *UNK )NP ; (NP (NP just (ADJP *UNKLY improved )ADJP recording )NP (PP of (NP (NP some )NP (PP of (NP our exports )NP )PP )NP )PP )NP . )NP  STOP
(NP The result ? )NP  STOP
(S (NP The Commerce Department )NP (VP found (SBAR that (S (NP (NP (NP U.S. exports )NP (PP in (NP 1988 )NP )PP )NP , (NP (NP net )NP (PP of (NP imports )NP )PP )NP , )NP (VP were (VP (VP *UNKED (PP by (NP (NP (QP $ *UNKN billion )QP )NP (NP a year )NP )NP )PP )VP and (VP *UNKED (PP at (NP (NP the annualized rate )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP )PP (PP in (NP (NP the first quarter )NP (PP of (NP 1989 )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (QP More than half )QP )NP (PP of (NP the `` (ADJP newly found )ADJP '' net exports )NP )PP )NP (VP were (PP from (NP (QP just a few )QP *UNK- categories )NP )PP )VP . )S  STOP
(S (NP (NP (NP Some )NP (PP of (NP the biggest *UNK- *UNK )NP )PP )NP (PRN -- (NP (NP American *UNK- companies )NP , (PP for (NP example )NP )PP )NP -- )PRN )NP (VP have (ADVP yet )ADVP (S (VP to (VP be (VP (ADVP fully )ADVP included (PP in (NP our export statistics )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (ADVP (NP Nearly 10 years )NP ago )ADVP , (NP (NP representatives )NP (PP of (NP *UNK- companies )NP )PP )NP (VP worked (PRT out )PRT (NP a plan )NP (PP with (NP the Commerce Department )NP )PP (S (VP to (VP improve (NP (NP the data )NP (PP on (NP *UNK- exports )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP Both groups )NP (VP believed (SBAR that (S (NP (NP *UNK )NP (PP of (NP (NP billions )NP (PP of (NP (NP dollars )NP (PP of (NP (NP service exports )NP (PRN -- (PP such as (NP (NP *UNK tourism )NP ; (NP (NP (UCP legal , accounting and other professional )UCP services )NP (VP *UNKED (PP to (NP foreigners )NP )PP )VP ; (NP (UCP financial , engineering and construction )UCP services )NP ; and (NP the like )NP )NP )NP )PP -- )PRN )NP )PP )NP )PP )NP )PP )NP (VP were not (VP being (VP counted (PP as (NP exports )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The monthly `` trade deficit '' figure )NP (VP is (VP limited (PP to (NP (NP traditional merchandise trade )NP : (NP (NP manufactured goods )NP and (NP raw materials )NP )NP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP the quarterly *UNK- report )NP )PP , (NP those merchandise trade figures )NP (VP are (VP merged (PP with (NP (NP statistics )NP (PP on (NP (NP (NP exports and imports )NP (PP of (NP services )NP )PP )NP , (CONJP as well as )CONJP (NP (NP (NP returns )NP (PP on (NP (NP investments )NP (ADVP abroad )ADVP (PP by (NP Americans )NP )PP )NP )PP )NP and (NP (NP returns )NP (PP on (NP (NP foreign investments )NP (PP in (NP the U.S. )NP )PP )NP )PP )NP )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP Over (NP time )NP )PP , (PP through (NP benchmark surveys )NP )PP , (NP (NP the *UNKED data )NP (PP on (NP service exports and imports )NP )PP )NP (VP have (VP been (VP *UNKED )VP )VP )VP . )S  STOP
(S (NP (NP The first three major areas )NP (PP of (NP the service sector )NP )PP (SBAR (S (VP to (VP be (VP revamped )VP )VP )VP )S )SBAR )NP (VP were (NP (NP (NP expenditures )NP (PP by (NP (NP foreign students )NP (PP in (NP the U.S. . )NP )PP )NP )PP )NP (PRN -LRB- (NP (NP net )NP (PP after (NP (NP expenditures )NP (PP by (NP (NP Americans )NP (VP studying (ADVP abroad )ADVP )VP )NP )PP )NP )PP )NP -RRB- )PRN , (NP (NP some exports )NP (PP by (NP professional firms )NP )PP )NP (PRN -LRB- (S (NP (NP a law firm )NP (VP billing (NP a German client )NP (PP for (NP (NP services )NP (VP *UNKED (PP in (S (VP watching (NP (NP legislation )NP (PP in (NP Washington )NP )PP )NP )VP )S )PP )VP )NP )PP )VP )NP (VP is (NP (NP (ADJP as much )ADJP an export )NP (PP as (NP (NP *UNK )NP (PP of (NP an American *UNK engine )NP )PP )NP )PP )NP )VP )S -RRB- )PRN , and (NP (NP improved data )NP (PP from (NP travel and tourism )NP )PP )NP )NP )VP . )S  STOP
(S (PP In (NP just these three areas )NP )PP , (NP the Commerce Department )NP (VP found (NP (NP (NP (ADJP (NP (QP $ 23 billion )QP )NP more )ADJP exports )NP (SBAR than (S (ADVP previously )ADVP (VP reported )VP )S )SBAR )NP and (NP (ADJP (QP $ *UNKN billion )QP )ADJP more imports )NP )NP , (PP with (NP the net result (SBAR that (S (NP (NP the U.S. service surplus )NP (PP in (NP 1988 )NP )PP )NP (VP increased (PP by (NP (QP $ *UNKN billion )QP )NP )PP , (PP to (NP (QP $ 19 billion )QP )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP *UNKED (PP with (NP (NP *UNK and *UNK )NP (PP in (NP other trade areas )NP )PP )NP )PP )PP , (NP (NP the value )NP (PP of (NP (NP U.S. net exports )NP (SBAR (WHNP that )WHNP (S (VP had not (ADVP previously )ADVP (VP been (VP recorded )VP )VP )VP )S )SBAR )NP )PP )NP (VP was (NP (NP (QP about $ 20 billion )QP )NP (NP a year )NP )NP )VP . )S  STOP
(S (NP That )NP (VP means (SBAR that (S (NP the U.S. trade deficit )NP (VP was (VP running (ADVP (ADVP (ADVP closer (PP to (NP (QP $ 75 billion )QP )NP )PP )ADVP (PP than (PP to (NP (NP (QP $ 95 billion )QP )NP (PP in (NP 1988 )NP )PP )NP )PP )PP )ADVP , and (ADVP (NP (NP (QP $ 55 billion )QP )NP (PRN -LRB- (VP annualized )VP -RRB- )PRN )NP (PP rather than (NP (NP (QP $ 80 billion )QP )NP (PP in (NP (NP the first quarter )NP (PP of (NP 1989 )NP )PP )NP )PP )NP )PP )ADVP )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP These revised figures )NP (ADVP also )ADVP (VP may (VP explain (NP (NP some )NP (PP of (NP (NP the recent strength )NP (PP of (NP the dollar )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP The (ADJP *UNKLY smaller )ADJP trade deficit )NP (VP may (VP have (VP been (ADVP already )ADVP (VP discounted (PP in (NP the market )NP )PP )VP )VP )VP )VP . )S  STOP
(SBARQ (WHNP What )WHNP (SQ does (NP this )NP (VP mean (PP for (NP trade policy )NP )PP )VP )SQ ? )SBARQ  STOP
(FRAG (ADVP *UNKC early (S (VP to (VP tell )VP )VP )S )ADVP , but (S (NP (NP a trade deficit )NP (SBAR (WHNP that )WHNP (S (VP is (ADJP (ADJP significantly smaller )ADJP (SBAR than (S (NP we )NP (VP *UNKED )VP )S )SBAR )ADJP )VP )S )SBAR )NP (VP does (VP suggest (NP (NP a review )NP (PP of (NP our trade *UNK )NP )PP )NP )VP )VP )S . )FRAG  STOP
(S (S (NP It )NP (VP does not (VP *UNK (NP (NP the need )NP (PP for (NP (NP our *UNKING efforts )NP (PP for (NP both goods and services )NP )PP )NP )PP )NP )VP )VP )S , but (S (NP it )NP (VP does (VP suggest (SBAR that (S (NP it )NP (VP is (NP (NP (NP our exports )NP (PP of (NP services )NP )PP )NP , and not (NP just borrowing )NP , )NP (SBAR (WHNP that )WHNP (S (VP is (VP financing (NP (NP our imports )NP (PP of (NP goods )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP )S . )S  STOP
(S (NP Mr. Freeman )NP (VP is (NP (NP an executive vice president )NP (PP of (NP American Express )NP )PP )NP )VP . )S  STOP
(S (NP (NP The collapse )NP (PP of (NP (NP a (ADJP (QP $ 6.79 billion )QP )ADJP labor-management buy-out )NP (PP of (NP United Airlines parent UAL Corp. )NP )PP )NP )PP )NP (VP may not (VP stop (NP (NP some )NP (PP of (NP (NP Wall Street 's )NP top talent )NP )PP )NP (PP from (S (VP *UNKING (NP (NP (QP up to $ *UNKN million )QP )NP (PP in (NP fees )NP )PP )NP )VP )S )PP )VP )VP . )S  STOP
(S (PP According (PP to (NP (NP one person )NP (ADJP familiar (PP with (NP the airline )NP )PP )ADJP )NP )PP )PP , (NP (NP the buy-out group )NP (PRN -- (VP led (PP by (NP (NP (NP United 's )NP pilots union )NP and (NP UAL Chairman Stephen Wolf )NP )NP )PP )VP -- )PRN )NP (VP has (VP begun (S (VP billing (NP UAL )NP (PP for (NP (NP fees and expenses )NP (SBAR (S (NP it )NP (VP owes (PP to (NP (NP investment bankers )NP , (NP law firms )NP and (NP banks )NP )NP )PP )VP )S )SBAR )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP The *UNK )NP (VP (ADVP even )ADVP covers (NP (NP (QP $ 8 million )QP )NP (PP in (NP commitment fees )NP )PP (VP owed (PP to (NP (NP Citicorp )NP and (NP Chase Manhattan Corp. )NP )NP )PP )VP )NP , (SBAR even though (S (NP their failure (S (VP to (VP obtain (NP (NP (QP $ 7.2 billion )QP )NP (PP in (NP bank loans )NP )PP (PP for (NP the buy-out )NP )PP )NP )VP )VP )S )NP (VP was (NP (NP the main reason )NP (PP for (NP its collapse )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (PP Under (NP (NP a merger agreement )NP (VP reached (NP Sept. 14 )NP )VP )NP )PP , (NP the UAL board )NP (VP agreed (S (VP to (VP *UNK (NP (NP certain )NP (PP of (NP (NP the buy-out group 's )NP expenses )NP )PP )NP (PP out (PP of (NP company funds )NP )PP )PP (SBAR even if (S (NP the transaction )NP (VP was n't (VP completed )VP )VP )S )SBAR )VP )VP )S , (PP provided (SBAR (S (NP the group )NP (VP did n't (VP breach (NP the agreement )NP )VP )VP )S )SBAR )PP )VP . )S  STOP
(S (NP The failure (S (VP to (VP obtain (NP financing )NP )VP )VP )S )NP (VP does n't (PP by (NP itself )NP )PP (VP *UNK (NP a breach )NP )VP )VP . )S  STOP
(S (NP The merger agreement )NP (VP says (SBAR (S (NP the buy-out group )NP (VP is (VP *UNKED (S (VP to (VP be (VP *UNK (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP fees )NP )PP )NP (PP for (NP (NP (NP its investment bankers )NP , (NP (NP *UNKC *UNKC & Co. )NP and (NP Salomon Brothers Inc. )NP )NP )NP , and (NP (NP its law firm )NP , (NP Paul *UNKC *UNKC *UNKC & *UNKC )NP )NP )NP )PP )VP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The buy-out group )NP (VP is (ADVP also )ADVP (ADJP *UNKED (PP to (NP (NP (QP $ 16 million )QP )NP (SBAR (S (VP to (VP repay (NP (NP a fund )NP (VP created (PP by (NP the pilots union )NP )PP (PP for (NP an employee stock ownership plan )NP )PP )VP )NP )VP )VP )S )SBAR )NP )PP )ADJP )VP . )S  STOP
(S (PP In (NP (NP addition )NP (PP to (NP (NP the (QP $ 8 million )QP )NP (PP for (NP Citicorp and Chase )NP )PP )NP )PP )NP )PP , (NP Salomon Brothers )NP (VP is (ADVP also )ADVP (VP owed (NP (QP $ 3 million )QP )NP (PP for (S (VP promising (S (VP to (VP make (NP a (ADJP (QP $ 200 million )QP )ADJP bridge loan )NP )VP )VP )S )VP )S )PP )VP )VP . )S  STOP
(S (NP (NP A spokesman )NP (PP for (NP the buy-out group )NP )PP )NP (VP was n't (ADJP immediately available (PP for (NP comment )NP )PP )ADJP )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP UAL stock )NP (VP rose (NP (NP $ 4 )NP (NP a share )NP )NP (PP to (NP $ *UNKN )NP )PP (PP in (NP (NP composite trading )NP (PP on (NP the New York Stock Exchange )NP )PP )NP )PP (PP on (NP reports (SBAR that (S (NP Los Angeles investor Marvin Davis )NP (VP has (VP asked (NP United Airlines unions )NP (SBAR if (S (NP they )NP (VP 're (ADJP interested (PP in (S (VP *UNKING (PP with (NP Mr. Davis )NP )PP (PP in (NP (NP a new bid )NP (PP for (NP UAL )NP )PP )NP )PP )VP )S )PP )ADJP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S But (S (NP neither (NP the pilots )NP nor (NP the machinists )NP )NP (VP appear (ADJP interested )ADJP )VP )S , and (S (NP Mr. Davis )NP (VP is (VP *UNKED (PP from (S (VP making (NP a new bid )NP )VP )S )PP (PP under (NP (NP terms )NP (PP of (NP (NP an agreement )NP (SBAR (S (NP he )NP (VP made (PP with (NP UAL )NP )PP (PP in (NP September )NP )PP )VP )S )SBAR )NP )PP )NP )PP (SBAR unless (S (NP UAL )NP (VP *UNK (NP (NP an offer )NP (PP below (NP (NP $ 300 )NP (NP a share )NP )NP )PP )NP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (NP Wall Street )NP (VP continued (S (VP to (VP *UNK (PP under (NP (NP the public outcry )NP (PP against (NP *UNK- program trading )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (S (NP (NP Kidder , Peabody & Co. )NP , (NP (NP a unit )NP (PP of (NP General Electric Co. )NP )PP )NP , )NP (VP announced (SBAR (S (NP it )NP (VP would (VP stop (S (VP doing (NP stock-index arbitrage )NP (PP for (NP its own account )NP )PP )VP )S )VP )VP )S )SBAR )VP )S , and (S (NP Merrill Lynch & Co. )NP (VP pulled (PP out (PP of (NP the practice )NP )PP )PP (ADVP altogether )ADVP )VP )S . )S  STOP
(S (PP At (NP (NP the New York Stock Exchange )NP , (SBAR (WHNP which )WHNP (S (VP has (VP been (VP *UNKED (PP by (NP (NP complaints )NP (PP from (NP (NP angry individual investors )NP and (NP (NP the exchange 's )NP own listed companies )NP )NP )PP )NP )PP )VP )VP )VP )S )SBAR )NP )PP , (NP Chairman John J. Phelan Jr. )NP (VP held (NP (NP an emergency meeting )NP (PP with (NP (NP senior partners )NP (PP of (NP (NP some )NP (PP of (NP (NP the Big Board 's )NP 49 stock specialist firms )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The specialists )NP (PRN , (S (NP a trader )NP (VP said )VP )S , )PRN (VP were (ADJP `` *UNK '' (PP about (NP (NP Mr. Phelan 's )NP recent remarks (SBAR that (S (NP sophisticated *UNK- trading strategies )NP (VP are `` (ADVP here (S (VP to (VP stay )VP )VP )S )ADVP )VP )S )SBAR )NP )PP )ADJP )VP . '' )S  STOP
(S (NP Many investors )NP (VP blame (NP program trading )NP (PP for (NP (NP wild swings )NP (PP in (NP the stock market )NP )PP , (PP including (NP (NP the 190-point plunge )NP (PP in (NP the Dow Jones Industrial Average )NP )PP (PP on (NP Oct. 13 )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP A specialist )NP (VP is (NP (NP an exchange member )NP (VP *UNKED (S (VP to (VP maintain (NP a (ADJP fair and *UNKLY )ADJP market )NP (PP in (NP a specified stock )NP )PP )VP )VP )S )VP )NP )VP . )S  STOP
(S (NP (NP (NP Mr. Phelan 's )NP meeting )NP (PP with (NP the floor brokers )NP )PP )NP (VP comes (SBAR as (S (NP he )NP (VP *UNK (S (VP to (VP explain (NP (NP (NP the exchange 's )NP position )NP (PP on (NP program trading )NP )PP )NP (PP to (NP key congressional regulators )NP )PP (PP in (NP a closed session )NP )PP (NP tomorrow )NP )VP )VP )S )VP )S )SBAR , (PP according (PP to (NP exchange officials )NP )PP )PP )VP . )S  STOP
(S (NP A Big Board spokesman )NP (VP would (ADVP only )ADVP (VP say , `` (S (NP We )NP (VP 're (VP (VP working (NP the problem )NP )VP and (VP looking (PP at (NP the issue )NP )PP )VP and (VP meeting (PP with (NP (NP a broad number )NP (PP of (NP customers and constituents )NP )PP )NP )PP (S (VP to (VP get (NP (NP their views and ideas )NP (PP on (NP the issue )NP )PP )NP )VP )VP )S )VP )VP )VP )S )VP )VP . '' )S  STOP
(S (NP The program-trading outcry )NP (VP was (VP taken (PP to (NP a new level )NP )PP (SBAR (WHADVP when )WHADVP (S (NP giant *UNKC Corp. )NP (VP said (SBAR (S (NP (NP it )NP and (NP (NP (QP 20 or more )QP )NP (PP of (NP (NP the Big Board 's )NP listed companies )NP )PP )NP )NP (VP are (VP *UNKING (NP an unprecedented alliance )NP (S (VP to (VP complain (PP about (NP (NP (NP the exchange 's )NP role )NP (PP in (NP program trading )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP The decision )NP (PP by (NP (NP Merrill )NP , (NP (NP the nation 's )NP largest securities firm )NP , )NP )PP )NP (VP represents (NP (NP the biggest retreat )NP (ADVP yet )ADVP (PP from (NP program trading )NP )PP )NP )VP . )S  STOP
(S (NP Merrill )NP (VP has (VP been (NP (NP the *UNK- stock-index arbitrage trader )NP (PP on (NP the Big Board )NP )PP (NP this year )NP )NP , (S (VP *UNKING (NP (NP an average )NP (PP of (NP (NP (NP (QP *UNKN million )QP shares )NP (NP a month )NP (PP in (NP such trades )NP )PP )NP , or (NP (NP (QP about one million )QP shares )NP (NP a day )NP )NP )NP )PP )NP )VP )S )VP )VP . )S  STOP
(S (NP (NP Merrill 's )NP move )NP (VP is (NP (NP one )NP (PP of (NP (NP the (ADJP most sweeping )ADJP program-trading *UNK )NP (PP of (NP recent days )NP )PP )NP )PP )NP , (SBAR because (S (NP the big securities firm )NP (VP will (ADVP no longer )ADVP (VP *UNK (NP stock-index arbitrage trades )NP (PP for (NP customers )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Most Wall Street firms )NP , (PP in (S (VP pulling (PRT back )PRT )VP )S )PP , (VP have (VP (ADVP merely )ADVP stopped (NP such trading )NP (PP for (NP their own accounts )NP )PP )VP )VP . )S  STOP
(S (NP Merrill )NP (VP has (VP been (NP (NP one )NP (PP of (NP (NP the main firms )NP (VP *UNKING (NP index arbitrage )NP (PP for (NP customers )NP )PP )VP )NP )PP )NP )VP )VP . )S  STOP
(S (NP Merrill )NP (ADVP also )ADVP (VP said (SBAR (S (NP it )NP (VP is (VP lobbying (PP for (NP (NP significant regulatory controls )NP (PP on (NP program trading )NP )PP , (PP including (NP (NP tough margin (PRN -- or *UNK- -- )PRN requirements )NP and (NP (NP limits )NP (PP on (NP price moves )NP )PP (PP for (NP *UNK- financial futures )NP )PP )NP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Merrill )NP , (PP in (NP a statement )NP (PP by (NP (NP Chairman William A. *UNKC )NP and (NP President Daniel P. *UNKLY )NP )NP )PP )PP , (VP said (SBAR (S (S (NP index arbitrage )NP `` (VP has (VP been (ADVP clearly )ADVP (VP identified (PP in (NP (NP the investing public 's )NP mind )NP )PP (PP as (NP (NP a *UNKING factor )NP (PP to (NP excess market volatility )NP )PP )NP )PP )VP )VP )VP )S , '' so (S (NP Merrill )NP (VP wo n't (VP *UNK (NP such trades )NP (SBAR until (S `` (NP effective controls )NP '' (VP are (PP in (NP place )NP )PP )VP )S )SBAR )VP )VP )S )S )SBAR )VP . )S  STOP
(S (PP In (NP stock-index arbitrage )NP )PP , (NP traders )NP (VP buy and sell (NP (NP large amounts )NP (PP of (NP stocks )NP )PP (PP with (NP (NP offsetting trades )NP (PP in (NP stock-index futures and options )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The idea )NP (VP is (S (VP to (VP lock (PRT in )PRT (NP (NP profits )NP (PP from (NP (NP short-term swings )NP (PP in (NP volatile markets )NP )PP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (S (NP Last Thursday )NP , (NP PaineWebber Group Inc. )NP (ADVP also )ADVP (VP said (SBAR (S (NP it )NP (VP would (VP *UNK (NP index arbitrage )NP (ADVP altogether )ADVP )VP )VP )S )SBAR )VP )S , but (S (NP the firm )NP (VP was n't (NP (NP (ADJP as big )ADJP an index *UNK )NP (SBAR as (S (NP Merrill )NP (VP is )VP )S )SBAR )NP )VP )S . )S  STOP
(S (NP (NP Other large firms )NP , (PP including (NP (NP Bear , Stearns & Co. )NP and (NP Morgan Stanley & Co. )NP )NP )PP , )NP (NP last week )NP (VP announced (NP (NP a *UNK )NP (PP from (NP index arbitrage )NP )PP , (PRN but (PP (ADVP only )ADVP for (NP (NP the firms ' )NP own accounts )NP )PP )PRN )NP )VP . )S  STOP
(S (NP Kidder )NP (VP made (NP (NP an *UNK *UNK- )NP (PP on (NP program trading )NP )PP )NP (NP yesterday )NP , (PP after (NP (NP a special meeting )NP (PP between (NP (NP (NP (NP the firm 's )NP president and chief executive officer )NP , (NP Michael Carpenter )NP , )NP and (NP its senior managers )NP )NP )PP )NP )PP )VP . )S  STOP
(S (ADVP (NP Just a week )NP ago )ADVP , (NP Mr. Carpenter )NP (VP (ADVP *UNKLY )ADVP defended (NP (NP index arbitrage )NP (PP at (NP (NP Kidder )NP , (NP (NP the (ADJP most active )ADJP *UNK- trading firm )NP (PP on (NP the stock exchange )NP )PP (NP this year )NP )NP )NP )PP )NP )VP . )S  STOP
(S (S (NP Index arbitrage )NP (PRN , (S (NP Mr. Carpenter )NP (VP said (NP last week )NP )VP )S , )PRN (VP does n't (VP have (NP (NP a `` negative impact )NP (PP on (NP (NP the market )NP (PP as (NP a whole )NP )PP )NP )PP '' )NP )VP )VP )S and (S (NP (NP Kidder 's )NP customers )NP (VP were (ADJP `` sophisticated '' enough (S (VP to (VP know (NP that )NP )VP )VP )S )ADJP )VP )S . )S  STOP
(S But (NP yesterday )NP , (NP Mr. Carpenter )NP (VP said (SBAR (S (NP (NP big institutional investors )NP , (SBAR (WHNP which )WHNP (S (NP he )NP (VP would n't (VP identify )VP )VP )S )SBAR , )NP `` (VP told (NP us )NP (SBAR (S (NP they )NP (VP would n't (VP do (NP business )NP (PP with (NP (NP firms )NP '' (SBAR (WHNP that )WHNP (S (VP continued (S (VP to (VP do (NP index arbitrage )NP (PP for (NP their own accounts )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP We )NP (VP were (VP following (NP (NP the trend )NP (PP of (NP (NP our competitors )NP (SBAR (WHNP who )WHNP (S (VP were (PP under (NP (NP pressure )NP (PP from (NP institutions )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )VP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP Kidder )NP (ADVP (ADVP so far )ADVP (NP this year )NP )ADVP (VP (VP has (VP executed (NP (NP a monthly average )NP (PP of (NP (QP *UNKN million )QP shares )NP )PP (PP in (NP *UNK- trading )NP )PP )NP )VP )VP , and (VP is (ADJP second only (PP to (NP Morgan Stanley )NP )PP (PP in (NP (NP overall program trading )NP , (SBAR (WHNP which )WHNP (S (VP includes (NP index arbitrage )NP )VP )S )SBAR )NP )PP )ADJP )VP )VP . )S  STOP
(S (NP (NP Most )NP (PP of (NP (NP Kidder 's )NP program trading )NP )PP )NP (VP is (PP for (NP its own account )NP )PP , (PP according (PP to (NP the New York Stock Exchange )NP )PP )PP )VP . )S  STOP
(S (NP Kidder )NP (VP denied (SBAR that (S (NP (NP (NP GE 's )NP chairman and chief executive )NP , (NP John F. *UNKC )NP , )NP (VP had (NP (NP anything )NP (SBAR (S (VP to (VP do (PP with (NP (NP Kidder 's )NP decision )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S But (S (NP (QP at least one )QP chief executive )NP (VP said (SBAR (S (NP he )NP (VP called (NP Mr. *UNKC )NP (S (VP to (VP complain (PP about (NP (NP (NP Kidder 's )NP aggressive use )NP (PP of (NP program trading )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP )S , and (S (NP other market sources )NP (VP said (SBAR (S (NP they )NP (VP understood (SBAR that (S (NP Mr. *UNKC )NP (VP received (NP (NP many phone calls )NP (VP *UNKING (PP about (NP (NP (NP Kidder 's )NP *UNK )NP (PP on (NP index arbitrage )NP )PP (PP as (NP a major business )NP )PP )NP )PP )VP )NP )VP )S )SBAR )VP )S )SBAR )VP )S . )S  STOP
(S (NP Kidder )NP (VP has (ADVP generally )ADVP (VP been (ADJP sensitive (PP to (NP suggestions (SBAR that (S (NP GE )NP (VP makes (NP decisions )NP (PP for (NP its Kidder unit )NP )PP )VP )S )SBAR )NP )PP )ADJP )VP )VP . )S  STOP
(S `` (S (NP Our decision )NP (VP had (NP (NP nothing )NP (SBAR (S (VP to (VP do (PP with (NP (NP any pressure )NP (SBAR (S (NP Mr. *UNKC )NP (VP received )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )VP )S , '' (NP Mr. Carpenter )NP (VP said )VP . )S  STOP
(S `` (NP This )NP (VP was (NP a Kidder Peabody *UNK- decision )NP )VP . '' )S  STOP
(S (NP (NP A spokeswoman )NP (PP for (NP GE )NP )PP (PP in (NP (NP *UNKC )NP , (NP Conn. )NP , )NP )PP )NP (VP (VP said , `` (S (NP *UNKLY no one )NP (VP spoke (PP to (NP Jack *UNKC )NP )PP (PP on (NP this subject )NP )PP )VP )S '' )VP and (VP added , `` (S (NP (NP *UNKC )NP (SBAR (WHNP who )WHNP (S (VP claims (SBAR (S (NP they )NP (VP talked (PP to (NP Jack *UNKC )NP )PP )VP )S )SBAR )VP )S )SBAR )NP (VP is n't (VP telling (NP the truth )NP )VP )VP )S )VP )VP . '' )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP index arbitrage )NP )PP )NP (VP have n't (VP been (VP (ADVP publicly )ADVP *UNKING (PRT up )PRT (PP for (NP the trading strategy )NP )PP , (SBAR as (S (NP some )NP (VP did (PP during (NP (NP the *UNK- outcry )NP (PP of (NP 1987 )NP )PP )NP )PP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S But (NP Merrill Lynch )NP , (PP in (NP (NP its statement )NP (PP about (S (VP pulling (PP out (PP of (NP index arbitrage )NP )PP )PP )VP )S )PP )NP )PP , (VP suggested (SBAR that (S (NP the current debate )NP (VP has (VP *UNKED (NP the mark )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Merrill )NP (VP said (SBAR (S (NP it )NP (VP continues (S (VP to (VP believe (SBAR that `` (S (NP (NP the causes )NP (PP of (NP excess market volatility )NP )PP )NP (VP are (ADJP (ADJP (ADVP far more )ADVP complex )ADJP (PP than (NP any particular computer trading strategy )NP )PP )ADJP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (ADVP Indeed )ADVP , (NP there )NP (VP are (NP (NP legitimate *UNKING strategies )NP (VP used (PP by (NP (NP managers )NP (PP of (NP (NP large portfolios )NP (PP such as (NP pension funds )NP )PP )NP )PP )NP )PP )VP (SBAR (WHNP that )WHNP (S (VP involve (NP (NP program trading )NP (PP as (NP (NP a means )NP (PP of (S (VP *UNKING (NP (NP the assets )NP (PP of (NP their pension beneficiaries )NP )PP )NP )VP )S )PP )NP )PP )NP )VP )S )SBAR )NP )VP . '' )S  STOP
(S (S (S (NP (NP Merrill 's )NP index *UNK )NP (VP will (VP continue (S (VP to (VP do (NP (NP other kinds )NP (PP of (NP *UNKED program trading )NP )PP )NP )VP )VP )S )VP )VP )S , so (S (NP there )NP (ADVP probably )ADVP (VP wo n't (VP be (NP any *UNK )NP (PP at (NP the firm )NP )PP )VP )VP )S )S , (NP (NP people )NP (ADJP familiar (PP with (NP (NP Merrill 's )NP program operation )NP )PP )ADJP )NP (VP said )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP Bear Stearns Chairman and Chief Executive Alan C. *UNKC )NP (VP said (SBAR (S (NP his firm )NP (VP will (VP continue (NP stock-index arbitrage )NP (PP for (NP its clients )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP At (NP (NP the firm 's )NP annual meeting )NP )PP (NP last night )NP , (NP he )NP (VP told (NP shareholders )NP (SBAR that (S (NP index arbitrage )NP (VP wo n't (VP go (PRT away )PRT , (PP despite (NP the public outcry )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (SBAR If (S (NP they )NP (VP think (SBAR (S (NP they )NP (VP are (VP going (S (VP to (VP stop (NP index arbitrage )NP (PP by (S (VP causing (S (NP a few Wall Street firms )NP (VP to (VP quit )VP )VP )S )VP )S )PP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR , (NP they )NP (VP are (ADJP crazy )ADJP )VP )S , '' (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S `` (NP It )NP (VP 's not (VP going (S (VP to (VP stop (NP it )NP (ADVP at all )ADVP )VP )VP )S )VP )VP . '' )S  STOP
(S (NP Mr. Greenberg )NP , (S (VP noting (SBAR that (S (NP stock-index arbitrage )NP (VP rises and *UNK (PP with (NP (NP stock market 's )NP volatility )NP )PP )VP )S )SBAR )VP )S , (VP said (SBAR that (S (PP for (NP (NP the first four months )NP (PP of (NP (NP (NP the firm 's )NP fiscal year )NP (VP beginning (PP in (NP July )NP )PP )VP )NP )PP )NP )PP , (NP stock-index arbitrage )NP (VP had (VP been (NP (NP a `` *UNK- '' *UNK )NP (PP for (NP Bear Stearns )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP response )NP (PP to (NP (NP a shareholder 's )NP suggestion )NP )PP )NP )PP , (NP Mr. Greenberg )NP (VP agreed (SBAR that (S (NP European firms )NP (VP will (VP (ADVP simply )ADVP pick (PRT up )PRT (NP (NP the *UNK- business )NP (VP left (PRT behind )PRT (PP by (NP U.S. institutions )NP )PP )VP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP from (NP big institutional investors )NP )PP )NP (VP has (VP been (NP (NP the major *UNK )NP (PP for (NP (NP Wall Street 's )NP program-trading *UNK )NP )PP )NP )VP )VP . )S  STOP
(S And (NP there )NP (VP was (NP speculation )NP (NP yesterday )NP (SBAR that (S (NP (NP Fidelity Investments )NP and (NP other large *UNK- companies )NP )NP (VP might (ADVP soon )ADVP (VP follow (NP (NP the lead )NP (PP of (NP (NP Kemper Corp. )NP and (NP other institutions )NP )NP )PP (PP in (S (VP cutting (PRT off )PRT (NP (NP trading business )NP (PP to (NP (NP securities firms )NP (SBAR (WHNP that )WHNP (S (VP do (NP program trading )NP )VP )S )SBAR )NP )PP )NP )VP )S )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A Fidelity spokesman )NP (PP in (NP Boston )NP )PP )NP (VP denied (NP the speculation )NP , (S (VP saying (SBAR (S (NP the program-trading issue )NP (VP was (ADJP more (PP of (NP a regulatory problem )NP )PP )ADJP )VP )S )SBAR )VP )S )VP . )S  STOP
(S But (NP (NP a (ADJP much smaller )ADJP mutual fund company )NP , (NP (NP (NP the *UNKC Investment Management Co. unit )NP (PP of (NP *UNKC )NP )PP )NP , (NP (NP San Antonio )NP , (NP Texas )NP , )NP )NP )NP (VP said (SBAR (S (NP it )NP (VP informed (NP nine national brokerage firms )NP (SBAR (S (NP it )NP (VP will (VP *UNK (NP (NP business )NP (PP with (NP them )NP )PP )NP (SBAR unless (S (NP they )NP (VP stop (NP *UNK- trading )NP )VP )S )SBAR )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP , (PP with (NP 400,000 mutual fund accounts )NP )PP , )NP (VP manages (NP (NP (QP more than $ 10 billion )QP )NP , (SBAR (WHNP (WHNP (QP $ 2 billion )QP )WHNP (WHPP of (WHNP which )WHNP )WHPP )WHNP (S (VP is (PP in (NP the stock market )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Michael J.C. *UNKC )NP , (NP *UNKC executive vice president )NP , )NP (VP called (S (NP program trading )NP `` (ADJP *UNK )ADJP )S )VP . '' )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP there )NP (VP is (NP (NP `` no valid investment reason '' )NP (SBAR for (S (NP stock-index futures )NP (VP to (VP exist )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP A *UNKING move )NP (VP is (ADVP clearly )ADVP (ADVP on )ADVP )VP . )S  STOP
(S (NP (NP Charles *UNKC )NP , (NP (NP chairman )NP (PP of (NP Contel )NP )PP )NP , (SBAR (WHNP who )WHNP (S (VP is (VP helping (VP *UNK (NP (NP the alliance )NP (PP of (NP Big *UNKED firms )NP )PP )NP )VP )VP )VP )S )SBAR , )NP (VP said (SBAR (S (NP he )NP (VP had (NP (NP no time )NP (SBAR (S (VP to (VP work )VP )VP )S )SBAR )NP (NP yesterday )NP (SBAR because (S (NP he )NP (VP received (NP (NP (ADJP so many )ADJP phone calls , *UNK and letters )NP (VP supporting (NP his view (SBAR that (S (NP the Big Board )NP (VP has (VP been (VP turned (PP into (NP a `` gambling casino '' )NP )PP (PP by (NP program traders )NP )PP )VP )VP )VP )S )SBAR )NP )VP )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP We )NP (VP are (VP reaching (NP (NP the moment )NP (PP of (NP truth )NP )PP )NP '' (PP on (NP Wall Street )NP )PP )VP )VP )S , (VP said )VP (NP (NP Rep. Edward J. *UNKC )NP (PRN -LRB- (NP D. )NP , (NP Mass. )NP -RRB- )PRN , (NP (NP chairman )NP (PP of (NP (NP the House subcommittee )NP (PP on (NP telecommunications and finance )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` -LCB- (NP Wall Street )NP -RCB- (VP is (VP beginning (S (VP to (VP realize (PRN -- (SBAR as (S (NP *UNKC )NP (VP said )VP )S )SBAR -- )PRN (SBAR (S (NP the trouble )NP (VP is (PP not (PP in (NP our *UNK )NP )PP , but (PP in (NP ourselves )NP )PP )PP )VP )S )SBAR )VP )VP )S )VP )VP . '' )S  STOP
(S (NP (NP Craig *UNKC )NP and (NP *UNKC *UNKC )NP )NP (VP contributed (PP to (NP this article )NP )PP )VP . )S  STOP
(S (NP An *UNK *UNKED *UNKC *UNK (PRN , or drinking *UNK , )PRN )NP (VP (VP was (VP recovered (ADVP *UNK (PP at (NP Sotheby 's )NP )PP )ADVP (NP this spring )NP )VP )VP and (VP has (VP been (VP returned (PP to (NP (NP the Manhattan couple )NP (SBAR (WHNP who )WHNP (S (VP lost (NP it )NP (PP in (NP a *UNK )NP )PP (ADVP (NP three years )NP ago )ADVP )VP )S )SBAR )NP )PP )VP )VP )VP )VP . )S  STOP
(S (NP (NP Robert *UNKC )NP , (NP (NP an associate *UNK )NP (PP at (NP the *UNKC Art *UNKC )NP )PP )NP , )NP (VP was (VP *UNKING (NP (NP a June *UNK sale )NP (PP at (NP the auction house )NP )PP )NP (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP recognized (NP (NP the *UNK )NP , (SBAR (WHNP which )WHNP (S (NP he )NP , (PP as (NP (NP (NP a specialist )NP (PP in (NP *UNKC *UNK )NP )PP )NP and (NP (NP a careful *UNK )NP (PP of (NP (NP the *UNKC Art *UNKC )NP (PP in `` (NP *UNKC *UNKC )NP )PP )NP )PP )NP )NP )PP , '' (VP knew (SBAR (S (VP was (VP stolen )VP )VP )S )SBAR )VP )S )SBAR )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP (NP The timing )NP (PP of (NP his visit )NP )PP )NP (VP was (ADJP *UNK )ADJP )VP )S ; (S (NP (NP the man )NP (SBAR (WHNP who )WHNP (S (VP had (VP brought (NP it )NP (ADVP in )ADVP (PP for (NP an estimate )NP )PP )VP )VP )S )SBAR )NP (VP (VP had (VP returned (S (VP to (VP collect (NP it )NP )VP )VP )S )VP )VP and (VP was (VP waiting (PP in (NP the *UNK )NP )PP )VP )VP )VP )S . )S  STOP
(S (S (S (VP To (VP confirm (NP (NP Mr. *UNKC 's )NP *UNK )NP )VP )VP )S , (NP (NP Sotheby 's )NP and (NP *UNKC )NP )NP (VP *UNKED (NP photos )NP (PP by (NP *UNK )NP )PP )VP )S , and (S (NP the waiting man )NP , (S (ADJP apparently *UNK (PP of (NP knowledge (SBAR that (S (NP the *UNK )NP (VP was (VP stolen )VP )VP )S )SBAR )NP )PP )ADJP )S , (VP agreed (S (VP to (VP release (NP it )NP )VP )VP )S )VP )S . )S  STOP
(S (S (NP The *UNK )NP (VP had (VP been (VP insured )VP )VP )VP )S , and (S (PP in (NP short order )NP )PP (NP it )NP (VP was (VP given (PRT over )PRT (PP to (NP a *UNKC & *UNKC representative )NP )PP )VP )VP )S . )S  STOP
(S (NP The original owners )NP (VP (VP (ADVP *UNKLY )ADVP repaid (NP the claim )NP )VP and (VP took (NP their *UNK )NP (ADVP home )ADVP )VP )VP . )S  STOP
(S (NP (NP A former *UNK )NP (PP of (NP (NP the *UNKC )NP (PP of (NP *UNKC Art )NP )PP (PP in (NP (NP *UNKC *UNKC )NP , (NP N.Y. )NP , )NP )PP )NP )PP )NP (VP pleaded (NP guilty )NP (PP in (NP July )NP )PP (PP to (S (VP *UNKING and selling (NP (NP original (ADJP signed and dated )ADJP comic *UNK )NP (PRN , (PP among (NP them )NP )PP (NP (NP (NP (NP 29 Dick *UNKC *UNK )NP (PP by (NP *UNKC Gould )NP )PP )NP , (NP (NP 77 Prince *UNKC Sunday *UNK )NP (PP by (NP *UNKC *UNKC )NP )PP )NP , and (NP a dozen *UNKC Disney *UNK *UNK )NP )NP )NP , (PP according (PP to (NP (NP Barbara *UNKC )NP , (NP (NP the *UNK 's )NP director )NP )NP )PP )PP )PRN )NP )VP )S )PP )VP . )S  STOP
(S (S (NP He )NP (VP sold (NP them )NP (PP (ADVP well )ADVP below (NP market value )NP )PP (S (VP to (VP raise (NP cash )NP `` (S (VP to (VP pay (PRT off )PRT (NP (NP mounting credit-card debts )NP , '' (VP incurred (S (VP to (VP buy (NP *UNK )NP (PP for (NP his *UNK )NP )PP )VP )VP )S )VP )NP )VP )VP )S )VP )VP )S )VP )S , (NP (NP his attorney )NP , (NP Philip *UNKC )NP , )NP (VP told (NP *UNKC )NP )VP . )S  STOP
(S (NP (NP The *UNK )NP , (NP (NP *UNK- *UNKC *UNKC )NP (PP of (NP (NP Greenwich )NP , (NP Conn. )NP , )NP )PP )NP )NP (VP had (VP worked (NP his way )NP (PP up (PP from (NP *UNK )NP )PP )PP (PP in (NP (NP seven years )NP (PP at (NP the *UNK )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The theft )NP (VP was (VP discovered (NP early this year )NP , (SBAR soon after (S (NP Ms. *UNKC )NP (VP took (NP her post )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP *UNKING )NP (VP was (VP postponed (PP on (NP Aug. 18 )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP Mr. *UNKC )NP (VP was (VP *UNKED (PP for (NP *UNK )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP His efforts (S (VP to (VP get (PRT back )PRT (NP the stolen *UNK )NP )VP )VP )S )NP (VP had (VP resulted (PP in (NP (NP recovery )NP (PP of (NP just three )NP )PP )NP )PP )VP )VP . )S  STOP
(S But (PP on (NP Oct. 6 )NP )PP , (NP he )NP (VP had (NP (NP reason )NP (SBAR (S (VP to (VP *UNK )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP (NP Two days )NP earlier )ADVP , (NP his attorney )NP (VP met (PP in (NP a Park Avenue law office )NP )PP (PP with (NP (NP a *UNK dealer )NP (SBAR (WHNP who )WHNP (S (VP expected (S (VP to (VP sell (NP (NP 44 )NP (PP of (NP the (ADJP most important )ADJP stolen *UNK )NP )PP )NP (PP to (NP Mr. *UNKC )NP )PP (PP for (NP $ *UNKN )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (S (ADVP Instead )ADVP , (NP New York City police )NP (VP seized (NP the stolen goods )NP )VP )S , and (S (NP Mr. *UNKC )NP (VP avoided (NP jail )NP )VP )S . )S  STOP
(S (NP He )NP (VP was (VP sentenced (PP to (NP (NP (NP 500 hours )NP (PP of (NP community service )NP )PP )NP and (NP (NP *UNK )NP (PP to (NP (NP the *UNK )NP (PP of (NP $ *UNKN )NP )PP )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP at (NP (NP London 's )NP *UNKC Airport )NP )PP )NP (VP are (VP investigating (NP (NP the *UNK )NP (PP of (NP (NP a Paul *UNKC *UNK )NP , `` (NP (NP Young *UNKC *UNKC )NP (PP in (NP a Red *UNKC )NP )PP )NP , '' (SBAR (WHNP that )WHNP (S (VP has (NP two *UNK )NP (PP on (NP its *UNK (PRN -LRB- opposite -RRB- )PRN side )NP )PP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (S (VP *UNKED (PP at (NP (QP $ 1.3 million )QP )NP )PP )VP )S , (NP it )NP (VP was (NP (NP part )NP (PP of (NP a *UNK- *UNK )NP )PP )NP )VP . )S  STOP
(S (S (S (NP The *UNK- number )NP (VP was (VP changed (ADVP *UNK *UNK )ADVP )VP )VP )S , and (S (NP (NP paper work )NP (VP showing (SBAR that (S (NP the *UNK )NP (VP had (VP cleared (NP *UNK )NP )VP )VP )S )SBAR )VP )NP (VP was (VP *UNKED )VP )VP )S )S , so (S (NP it )NP (VP was (NP a week )NP (SBAR before (S (S (NP (NP three )NP (PP of (NP the four *UNK )NP )PP )NP (VP could (VP be (VP located (PP in (NP a *UNKED *UNK )NP )PP )VP )VP )VP )S and (S (NP the *UNKC )NP (VP discovered (S (ADJP missing )ADJP )S )VP )S )S )SBAR )VP )S . )S  STOP
(S (SBAR Although (S (NP *UNKC authorities )NP (VP have (VP been (VP watching (NP (NP a group )NP (PP of (NP (ADJP allegedly *UNKED )ADJP *UNK *UNK )NP )PP )NP (PP for (NP some time )NP )PP )VP )VP )VP )S )SBAR , (NP the *UNKC )NP (VP may (VP be `` (ADJP lost )ADJP )VP )VP . '' )S  STOP
(S (NP (NP Chief *UNKC Peter *UNKC )NP (PP of (NP (NP the *UNKC Investigation Department )NP (PP at (NP the airport )NP )PP )NP )PP )NP (VP said , `` (S (NP (NP It )NP )NP (VP is not (ADJP *UNK )ADJP (SBAR for (S (NP property )NP (VP to (VP be (ADVP temporarily )ADVP (VP *UNK or *UNKED )VP )VP )VP )S )SBAR )VP )S )VP . '' )S  STOP
(S (NP (NP Officials )NP (PP at (NP (NP the University )NP (PP of (NP Virginia Art Museum )NP )PP )NP )PP )NP (ADVP certainly )ADVP (VP would (VP agree )VP )VP . )S  STOP
(S (NP Their *UNK )NP (VP had (VP (VP purchased (NP an *UNKC *UNKED column *UNK )NP )VP and (VP shipped (NP it )NP (PP from (NP London )NP )PP )VP )VP )VP . )S  STOP
(S (NP It )NP (VP was (VP reported (S (VP stolen (PP in (NP *UNK )NP )PP (ADVP *UNK *UNK (PP to (NP (NP Washington )NP , (NP D.C. )NP , )NP )PP )ADVP )VP )S (PP in (NP February )NP )PP )VP )VP . )S  STOP
(S (ADVP (NP *UNKC )NP later )ADVP , (NP the *UNKC *UNK )NP (VP arrived (PP in (NP good condition )NP )PP (PP at (NP (NP the *UNK )NP (PP in (NP *UNKC )NP )PP )NP )PP , (S (VP having (VP (ADVP *UNKLY )ADVP *UNKED (PP by (NP a *UNK route )NP )PP (PP through (NP *UNKC )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP Two Mexican college *UNK )NP , not (NP professional art *UNK )NP , )NP (VP have (VP been (VP arrested (PP for (NP (NP a 1985 Christmas *UNKC *UNK )NP (PP from (NP (NP the National Museum )NP (PP of (NP *UNKC )NP )PP (PP in (NP Mexico City )NP )PP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP (QP About 140 )QP (ADJP *UNKC , *UNKC , *UNKC and *UNKC )ADJP *UNK )NP , (PP including (NP (NP some )NP (PP of (NP (NP Mexico 's )NP *UNK- *UNK *UNK )NP )PP )NP )PP , )NP (VP were (VP taken )VP )VP . )S  STOP
(S (S (NP The government )NP (VP offered (NP (NP a *UNK )NP (PP for (NP (NP the return )NP (PP of (NP the *UNK )NP )PP )NP )PP )NP )VP )S , but (S (NP routine police work )NP (VP led (PP to (NP the recovery )NP )PP )VP )S . )S  STOP
(S (SBAR As (S (NP it )NP (VP turned (PRT out )PRT )VP )S )SBAR , (NP (NP Carlos *UNKC *UNKC )NP and (NP *UNKC *UNKC Garcia )NP )NP (VP had (VP hidden (NP the *UNK )NP (PP in (NP (NP a *UNK )NP (PP in (NP (NP the *UNKC family 's )NP home )NP )PP )NP )PP (PP for (NP a year )NP )PP )VP )VP . )S  STOP
(S (ADVP Then )ADVP (NP they )NP (VP (VP took (NP the art )NP (PP to (NP *UNKC )NP )PP )VP and (VP began (S (VP to (VP trade (NP (NP some )NP (PP of (NP it )NP )PP )NP (PP for (NP *UNK )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Information )NP (PP from (NP an arrested drug *UNK )NP )PP )NP (VP led (PP to (NP (NP the two men )NP and (NP (NP the recovery )NP (PP of (NP almost all the stolen art )NP )PP )NP )NP )PP )VP . )S  STOP
(S (PP Among (NP (NP other happy news *UNK )NP (PP from (NP the German Democratic Republic )NP )PP )NP )PP , (NP (NP the *UNKC Museum )NP (PP of (NP *UNKC *UNKC )NP )PP )NP (VP announced (SBAR that (S (NP it )NP (VP has (VP recovered (NP `` (NP (NP *UNKC )NP (PP in (NP the *UNKC )NP )PP )NP , '' (NP (NP a painting )NP (PP by (NP the German *UNKC *UNK *UNKC David *UNKC )NP )PP )NP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP The artist 's )NP *UNKLY subjects )NP (VP bring (NP high prices )NP (PP on (NP the world market )NP )PP )VP )S , and (S (NP the U.S. State Department )NP (VP notified (NP *UNKC )NP (PP of (NP the theft )NP )PP (PP in (NP February 1988 )NP )PP )VP )S . )S  STOP
(S (PP According (PP to (NP (NP a source )NP (PP at (NP the East Europe desk )NP )PP )NP )PP )PP , (NP two (ADJP previously convicted )ADJP *UNK )NP (VP were (VP (VP charged )VP , (VP tried )VP , (VP convicted )VP and (VP sentenced (PP to (NP (NP prison terms )NP (PP of (NP four and 12 years )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP The precious *UNK )NP , (VP cut (PP from (NP its *UNK )NP )PP (PP at (NP (NP the time )NP (PP of (NP the theft )NP )PP )NP )PP )VP , )NP (VP was (VP found (PP in (NP nearby *UNKC )NP )PP , (S (VP hidden (PP in (NP (NP the *UNK )NP (PP of (NP an easy chair )NP )PP )NP )PP (PP in (NP (NP the home )NP (PP of (NP (NP the *UNK )NP (PP of (NP (NP one )NP (PP of (NP the *UNK )NP )PP )NP )PP )NP )PP )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP No charges )NP (VP were (VP brought (PP against (NP her )NP )PP )VP )VP . )S  STOP
(S (S (NP *UNKC *UNK painting )NP (VP is (VP meant (S (VP to (VP *UNK (NP the eye )NP )VP )VP )S )VP )VP )S , but (S (NP (NP Robert Lawrence *UNKC )NP , (NP 35 )NP , (PP of (NP (NP *UNKC Square )NP , (NP Pa. )NP , )NP )PP )NP (VP took (NP his *UNKING )NP (ADVP seriously )ADVP )VP )S . )S  STOP
(S (NP He )NP (VP (VP *UNKED (NP one )NP (NP himself )NP (PP in (NP (NP the style )NP (PP of (NP John *UNKC )NP )PP )NP )PP )VP and (VP sold (NP it )NP (PP as (NP a *UNK- original )NP )PP (PP to (NP (NP *UNK dealers )NP (PP in (NP (NP *UNKC )NP , (NP Conn )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP Mr. *UNKC 's )NP painting )NP (VP showed (NP (NP a wall )NP (PP of (NP wood boards )NP )PP (PP with (NP (NP *UNKED *UNK )NP (VP *UNKED (PRT down )PRT (PP in (NP a *UNK )NP )PP )VP )NP )PP )NP )VP )S ; (SINV (VP *UNKED (PP behind (NP the *UNK )NP )PP )VP (VP were )VP (NP (NP *UNK )NP , (NP (ADJP *UNKED , *UNKED and *UNKED )ADJP papers )NP and (NP currency )NP )NP )SINV . )S  STOP
(S (NP (NP Mr. *UNKC 's )NP *UNK *UNKC )NP (VP was (VP offered (PP at (NP (NP a bargain price )NP (PP of (NP $ 25,000 )NP )PP )NP )PP (PP with (NP a *UNK story (SBAR that (S (NP it )NP (VP *UNKED (PP to (NP (NP (NP his wife 's )NP late *UNK )NP (PP in (NP (NP New *UNKC )NP , (NP Conn )NP )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP The dealers )NP (VP (VP (ADVP immediately )ADVP showed (NP their new acquisition )NP (PP to (NP an expert )NP )PP )VP and (VP came (S (VP to (VP see (NP it )NP (PP as (NP a *UNK )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP They )NP (VP (VP persuaded (NP Mr. Trotter )NP (S (VP to (VP take (NP it )NP (PRT back )PRT )VP )VP )S )VP and , (VP (PP with (NP (NP the help )NP (PP of (NP the FBI )NP )PP )NP )PP , *UNKED (NP (NP their conversation )NP (PP with (NP him )NP )PP )NP )VP )VP . )S  STOP
(S (PP After (NP his arrest )NP )PP , (NP the *UNK )NP (VP admitted (PP to (S (VP *UNKING and selling (NP other paintings )NP (PP up and down (NP the Eastern *UNK )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP Ms. *UNKC )NP (VP is (NP (NP executive director )NP (PP of (NP (NP (NP the International Foundation )NP (PP for (NP Art Research )NP )PP )NP (PRN -LRB- (NP *UNKC )NP -RRB- )PRN )NP )PP )NP )VP . )S  STOP
(S (NP Ford Motor Co. )NP (VP said (SBAR (S (NP it )NP (VP is (VP *UNKING (NP (NP (QP about *UNKN )QP )NP (PP of (NP its *UNK- *UNKC )NP )PP )NP (SBAR because (S (NP the *UNK *UNK )NP (VP was (VP (ADVP *UNKLY )ADVP applied (PP to (NP some cars )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP (NP Ford )NP and (NP (NP *UNKC Motor Corp. 's )NP U.S. sales arm )NP )NP (VP said (SBAR (S (NP they )NP (VP are (VP *UNKING (NP (NP (NP (QP about *UNKN )QP *UNK- Mercury *UNKC )NP and (NP *UNKN 1986 , 1987 and 1988 model Mazda *UNK )NP )NP (VP *UNKED (PP with (NP *UNK- *UNKED engines )NP )PP )VP )NP (S (VP to (VP replace (NP the oil *UNK cap )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mazda )NP (VP makes (NP the *UNKC )NP (PP for (NP Ford )NP )PP )VP . )S  STOP
(S (S (PP As (NP (NP a result )NP (PP of (NP (NP the *UNK problem )NP (PP on (NP the Ford *UNKC *UNK )NP )PP )NP )PP )NP )PP , (NP *UNK )NP (VP may (VP (ADVP easily )ADVP separate (PP from (NP the car )NP )PP (PP during (NP *UNK impact )NP )PP )VP )VP )S , (NP the U.S. auto maker )NP (VP said )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (VP (ADVP properly )ADVP applied )VP )S )SBAR , (NP the *UNK )NP (VP is (VP designed (S (VP to (VP retain (NP the *UNK )NP (PP in (NP place )NP )PP (PP in (NP (NP a crash test )NP (PP at (NP (NP 30 miles )NP (PP per (NP hour )NP )PP )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP A Ford spokesman )NP (VP said (SBAR (S (NP the (NAC *UNKC , Mich. , )NAC auto maker )NP (VP is n't (ADJP aware (PP of (NP (NP any injuries )NP (VP caused (PP by (NP the *UNK problem )NP )PP )VP )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP Ford )NP (VP said (SBAR (S (S (NP owners )NP (VP should (VP return (NP the cars )NP (PP to (NP dealers )NP )PP )VP )VP )S so (S (NP the *UNK )NP (VP can (VP be (VP (VP removed )VP and (VP (ADVP *UNKLY )ADVP *UNKED )VP )VP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (NP Mazda and Ford )NP (VP said (SBAR (S (NP (NP a combination )NP (PP of (NP (NP limited *UNK *UNK )NP and (NP *UNK maintenance )NP )NP )PP )NP (VP could (VP cause (S (NP (NP engine oil )NP (PP in (NP (NP some )NP (PP of (NP (NP the Mercury *UNKC )NP and (NP Mazda *UNK )NP )NP )PP )NP )PP )NP (VP to (VP *UNK (ADVP (ADVP more rapidly )ADVP (PP than (ADJP normal )ADJP )PP )ADVP , (S (VP causing (NP (NP increased engine *UNK )NP or (NP reduced engine life )NP )NP )VP )S )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP said (SBAR (S (NP the problems )NP (VP are n't (ADJP safety related )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP Both companies )NP (VP will (VP replace (NP the oil *UNK cap )NP (PP with (NP a *UNKED oil *UNK cap )NP )PP )VP )VP . )S  STOP
(S (NP Both )NP (ADVP also )ADVP (VP will (VP *UNK and replace (PRN , (SBAR if (FRAG (ADJP necessary )ADJP )FRAG )SBAR , )PRN (NP (NP oil *UNK )NP and (NP oil *UNK )NP )NP , (PP at (NP (NP no charge )NP (PP to (NP owners )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP For (NP (NP owners )NP (SBAR (WHNP who )WHNP (S (VP have (VP followed (NP the recommended oil maintenance schedule )NP )VP )VP )S )SBAR )NP )PP , (NP Mazda )NP (VP will (VP extend (PP to (NP (NP five years )NP or (NP *UNKN miles )NP )NP )PP (NP (NP the *UNK term )NP (PP for (NP (NP engine damage )NP (ADJP due (PP to (NP *UNK engine oil deterioration )NP )PP )ADJP )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP (NP The normal term )NP (PP for (NP the 1986 and 1987 model *UNKN )NP )PP )NP (VP is (NP (NP two years )NP or (NP *UNKN miles )NP )NP )VP )S ; (S (NP (NP the term )NP (PP for (NP the 1988 *UNKN )NP )PP )NP (VP is (NP (NP three years )NP or (NP 50,000 miles )NP )NP )VP )S . )S  STOP
(S (NP Ford )NP (VP said (SBAR (S (NP (NP the term )NP (PP on (NP its *UNK )NP )PP )NP (VP is (ADVP already )ADVP (NP (NP six years )NP or (NP *UNKN miles )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP Ford )NP (VP said (SBAR (S (NP it )NP (VP will (VP offer (NP (ADJP $ 750 )ADJP cash *UNK )NP (PP to (NP (NP buyers )NP (PP of (NP its *UNK- Ford *UNKC sport utility vehicle )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP said (SBAR (S (NP it )NP (VP will (ADVP also )ADVP (VP offer (NP buyers )NP (NP (NP the option )NP (PP of (NP (NP financing )NP (ADJP (ADJP as low )ADJP (PP as (NP 6.9 % )NP )PP )ADJP (PP on (NP *UNK- loans )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Ford )NP (ADVP also )ADVP (VP offered (NP the low financing rate option )NP (PP on (NP (NP *UNK- *UNKC )NP , (SBAR (WHNP which )WHNP (S (ADVP previously )ADVP (VP carried (NP a (ADJP $ 750 )ADJP cash discount )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Ford )NP (VP said (SBAR (S (NP the new offer )NP (VP will (VP (VP begin (NP Saturday )NP )VP and (VP run (ADVP *UNKLY )ADVP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The Supreme Court )NP (VP agreed (S (VP to (VP decide (SBAR whether (S (NP the federal *UNKC *UNKC *UNKC Corp. )NP (VP may (VP require (S (NP LTV Corp. )NP (VP to (VP *UNK (NP (NP funding responsibility )NP (PP for (NP (NP a (ADJP (QP $ 2.3 billion )QP )ADJP *UNK )NP (PP in (NP (NP the company 's )NP pension plans )NP )PP )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP (NP (NP The high court 's )NP decision )NP , (VP expected (NP next spring )NP )VP , )NP (VP may (VP affect (NP (NP the stability )NP (PP of (NP (NP many large corporate pension plans )NP (SBAR (WHNP that )WHNP (S (VP have (VP *UNKED (PP on (NP (NP the availability )NP (PP of (NP (NP pension insurance )NP (VP provided (PP by (NP the federal pension (UCP regulatory and insurance )UCP agency )NP )PP )VP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP The agency )NP , (SBAR (WHNP which )WHNP (S (VP is (VP funded (PP through (NP (NP insurance premiums )NP (PP from (NP employers )NP )PP )NP )PP )VP )VP )S )SBAR , )NP (VP *UNK (NP pension benefits )NP (PP for (NP (NP some 30 million private-sector workers )NP (SBAR (WHNP who )WHNP (S (VP take (NP (NP part )NP (PP in (NP *UNK- pension plans )NP )PP )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP It )NP (ADVP recently )ADVP (VP reported (NP (NP (NP assets )NP (PP of (NP (QP $ 2.4 billion )QP )NP )PP )NP and (NP (NP liabilities )NP (PP of (NP (QP $ 4 billion )QP )NP )PP )NP )NP )VP . )S  STOP
(S (PP In (NP (NP its appeal )NP (PP to (NP the high court )NP )PP )NP )PP , (NP the agency )NP (VP said (S (NP (NP the federal appeals court ruling )NP , (SBAR (WHNP which )WHNP (S (VP favored (NP LTV )NP )VP )S )SBAR , )NP (VP threatened (S (VP to (VP transform (NP the agency )NP (PP from (NP (NP an insurer )NP (PP of (NP troubled pension plans )NP )PP )NP )PP (PP into (NP (NP an `` *UNKED source )NP (PP of (NP industry *UNK )NP )PP )NP )PP )VP )VP )S )VP )S )VP . '' )S  STOP
(S (NP The ruling )NP (ADVP also )ADVP (VP may (VP determine (SBAR (WHADVP how quickly )WHADVP (S (NP LTV )NP (VP is (ADJP able (S (VP to (VP complete (NP its Chapter 11 reorganization )NP )VP )VP )S )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP LTV )NP (VP filed (PP for (NP (NP protection )NP (PP under (NP Chapter 11 )NP )PP )NP )PP (PP in (NP federal bankruptcy court )NP )PP (PP in (NP 1986 )NP )PP )VP . )S  STOP
(S (NP The filing )NP (VP was (ADVP partly )ADVP (NP (NP the result )NP (PP of (NP (NP the (ADJP (QP $ 2.3 billion )QP )ADJP *UNK )NP (PP in (NP (NP (NP LTV 's )NP three pension plans )NP (VP operated (PP for (NP (NP its LTV Steel Co. subsidiary 's )NP employees )NP )PP )VP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP January 1987 )NP )PP , (SBAR as (S (NP LTV Steel )NP (VP continued (VP operating (SBAR while (S (PP under (NP reorganization )NP )PP )S )SBAR )VP )VP )S )SBAR , (NP the agency )NP (VP terminated (NP the three LTV pension plans )NP (S (VP to (VP keep (NP its insurance liability )NP (PP from (S (VP increasing )VP )S )PP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (VP means (SBAR that (S (S (NP (NP the agency 's )NP insurance )NP (VP (VP assumes (NP the liabilities )NP )VP and (VP pays (NP (NP the pension benefits )NP (VP (ADVP already )ADVP owed (PP under (NP the plans )NP )PP )VP )NP )VP )VP )S , but (S (NP workers )NP (VP do n't (VP *UNK (NP new benefits )NP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (ADVP (NP A few months )NP later )ADVP , (PP under (NP (NP pressure )NP (PP from (NP (NP the United *UNKC )NP (PP of (NP America )NP )PP )NP )PP )NP )PP , (NP LTV )NP (VP *UNKED (NP (NP a new program )NP (SBAR (S (VP to (VP provide (NP (NP retirement benefits )NP (ADJP similar (PP to (NP (NP those )NP (PP in (NP the terminated plans )NP )PP )NP )PP )ADJP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (SBAR Because (S (NP the federal pension agency )NP (VP had (VP taken (PRT over )PRT (NP the old plans )NP )VP )VP )S )SBAR , (NP LTV )NP (VP would (VP be (ADJP responsible only (PP for (NP (NP benefits )NP (VP paid (PP under (NP the new pension plans )NP )PP )VP )NP )PP )ADJP )VP )VP . )S  STOP
(S But (NP the agency )NP (VP viewed (NP (NP the creation )NP (PP of (NP the new plans )NP )PP )NP (PP as (NP (NP (NP an abuse )NP (PP of (NP federal pension law )NP )PP )NP and (NP an attempt (S (VP to (VP transfer (NP (NP the liability )NP (PP of (NP the (ADJP (QP $ 2.3 billion )QP )ADJP *UNK )NP )PP )NP (PP from (NP LTV )NP )PP (PP to (NP federal insurance )NP )PP )VP )VP )S )NP )NP )PP )VP . )S  STOP
(S (NP The agency )NP (ADVP also )ADVP (VP concluded (SBAR that (S (NP (NP LTV 's )NP financial status )NP (VP had (VP improved (SBAR while (S (NP it )NP (VP was (PP under (NP reorganization )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP September 1987 )NP )PP , (NP it )NP (VP ordered (NP LTV )NP (S (VP to (VP *UNK (NP (NP liability and funding )NP (PP for (NP the three original plans )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (S (NP LTV )NP (VP challenged (NP the order )NP )VP )S , and (S (NP (NP a federal district court )NP (PP in (NP New York )NP )PP )NP (PP in (NP June 1988 )NP )PP (VP ruled (SBAR that (S (NP the agency )NP (VP (ADVP *UNKLY )ADVP ordered (NP LTV )NP (S (VP to (VP *UNK (NP (NP responsibility )NP (PP for (NP the plans )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP )S . )S  STOP
(S (PP In (NP May )NP )PP , (NP (NP a federal appeals court )NP (PP in (NP New York )NP )PP )NP (VP agreed (SBAR that (S (NP the agency )NP (VP acted (ADVP *UNKLY )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP The appeals court )NP (VP said (SBAR (S (NP there )NP (VP was (NP no evidence (SBAR that (S (NP Congress )NP (VP intended (S (VP to (VP allow (S (NP the pension agency )NP (VP to (VP consider (NP (NP (NP a company 's )NP creation )NP (PP of (NP new benefit plans )NP )PP )NP (PP as (NP (NP a basis )NP (PP for (S (VP ordering (NP that company )NP (S (VP to (VP *UNK (NP (NP liability )NP (PP for (NP old plans )NP )PP )NP )VP )VP )S )VP )S )PP )NP )PP )VP )VP )S )VP )VP )S )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The appeals court )NP (ADVP also )ADVP (VP said (SBAR (S (NP the agency )NP (VP had (S (VP to (VP consider (NP (NP (NP a company 's )NP long-term ability (S (VP to (VP fund (NP pension plans )NP )VP )VP )S )NP , not just (NP short-term improved financial status )NP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP Dallas )NP )PP , (NP LTV )NP (VP said (SBAR that (S (NP it )NP (VP was (VP disappointed (SBAR that (S (NP the court )NP (VP agreed (S (VP to (VP hear (NP the case )NP )VP )VP )S )VP )S )SBAR (SBAR because (S (NP it )NP (VP believes (SBAR (S (NP the move )NP (VP will (ADVP further )ADVP (VP delay (NP its Chapter 11 proceedings )NP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP has n't (VP been (ADJP able (S (VP to (VP come (PRT up )PRT (PP with (NP a reorganization plan )NP )PP )VP )VP )S )ADJP , (PP in (NP part )NP )PP , (PP because of (NP (NP the sizable *UNK )NP (PP with (NP the pension agency )NP )PP )NP )PP )VP )VP . )S  STOP
(S But (NP (NP LTV )NP , (NP a steel , aerospace and energy concern )NP , )NP (VP (VP said (SBAR (S (NP it )NP (VP is (ADJP confident (SBAR that (S (NP the Supreme Court )NP (VP will (VP *UNK (NP the *UNK- decisions )NP )VP )VP )S )SBAR )ADJP )VP )S )SBAR )VP and (VP said (SBAR (S (NP it )NP (VP expects (S (VP to (VP continue (NP (NP discussions )NP (PP with (NP the agency )NP )PP (PP about (NP a settlement )NP )PP )NP (SBAR while (S (NP the case )NP (VP is (VP being (VP *UNKED )VP )VP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(NP -LRB- (NP *UNKC *UNKC *UNKC Corp. )NP (PP vs. (NP LTV Corp )NP )PP . )NP  STOP
(S (NP The commercial )NP (VP was (ADJP absolutely *UNK )ADJP )VP . )S  STOP
(S (S (VP *UNKING (PP into (NP the *UNK Chicago *UNKC *UNKC match )NP )PP (PP during (NP (NP last week 's )NP Monday night football game )NP )PP )VP )S , (NP it )NP (VP was (NP (NP nothing )NP (PP but (NP (NP simple block letters )NP (VP *UNKED (PP on (NP the TV screen )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(S `` (PP *UNKC to (NP (NP the earthquake )NP (PP in (NP San Francisco )NP )PP )NP )PP , (NP Nissan )NP (VP is (VP *UNKING (NP its commercial air time )NP (S (VP to (VP broadcast (NP American Red Cross *UNKC *UNKC *UNK )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (INTJ *UNKC )INTJ (VP contribute (SBAR (WHNP what )WHNP (S (NP you )NP (VP can )VP )S )SBAR )VP )S , '' (NP the ad )NP (VP said )VP . )S  STOP
(S (S (NP The Nissan *UNK )NP (VP *UNKED (PP on (NP the screen )NP )PP (PP for (NP a moment )NP )PP )VP )S , and (SINV (ADVP then )ADVP came (NP (NP a *UNKED plea )NP (PP for (NP donations )NP )PP (PP from (NP former President Reagan )NP )PP )NP -- (S (VP followed (PP by (NP (NP the *UNK print )NP (VP telling (NP viewers )NP (SBAR (WHADVP where )WHADVP (S (VP to (VP call )VP )VP )S )SBAR )VP )NP )PP )VP )S )SINV . )S  STOP
(S (PP Within (NP two hours )NP )PP , (NP viewers )NP (VP *UNKED (NP (QP over $ 400,000 )QP )NP , (PP according (PP to (NP a Red Cross executive )NP )PP )PP )VP . )S  STOP
(S (VP Call (S (NP it )NP (NP disaster marketing )NP )S )VP . )S  STOP
(S (NP Nissan Motor )NP (VP is (NP (NP (QP just one )QP )NP (PP of (NP (NP a *UNK )NP (PP of (NP (NP advertisers )NP (SBAR (WHNP that )WHNP (S (VP have (VP *UNKED (NP their ads )NP (PP to (NP (NP the *UNKING San Francisco quake )NP and (NP Hurricane Hugo )NP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )VP . )S  STOP
(S (S (ADVP Sometimes )ADVP , (NP the ads )NP (VP attempt (S (VP to (VP raise (NP money )NP )VP )VP )S )VP )S ; (S (ADVP always )ADVP , (NP they )NP (VP try (S (VP to (VP boost (NP good will )NP )VP )VP )S )VP )S . )S  STOP
(S (PP By (S (VP advertising (NP disaster relief )NP )VP )S )PP , (NP these companies )NP (VP are (VP hoping (S (VP to (VP (VP *UNK (NP a white *UNK )NP )VP and (VP come (PRT out )PRT (NP a *UNK )NP )VP )VP )VP )S )VP )VP . )S  STOP
(S (S But (NP the strategy )NP (VP can (VP *UNK )VP )VP )S ; (S (SBAR if (S (NP the ads )NP (VP appear (ADJP too *UNKING )ADJP )VP )S )SBAR , (NP the companies )NP (VP may (VP end (PRT up )PRT (S (VP looking (PP like (NP (NP *UNK *UNK )NP (PP instead of (NP good *UNKC )NP )PP )NP )PP )VP )S )VP )VP )S . )S  STOP
(S (NP That )NP (VP has n't (VP *UNKED (NP (NP plenty )NP (PP of (NP companies )NP )PP )NP )VP )VP . )S  STOP
(S (ADVP Along (PP with (NP Nissan )NP )PP )ADVP , (NP (NP (NP Grand Metropolitan PLC 's )NP *UNKC King )NP and (NP New York Life Insurance )NP )NP (VP have (VP tied (NP ads )NP (PP to (NP Red Cross donations )NP )PP )VP )VP . )S  STOP
(S (S (NP Other ads )NP (VP do n't (VP *UNK (PP with (NP the *UNKING )NP )PP )VP )VP )S ; (S (NP (NP a *UNKING (PRN , (SBAR if (FRAG (ADJP *UNK- )ADJP )FRAG )SBAR , )PRN American Telephone & Telegraph ad )NP (SBAR (WHNP that )WHNP (S (VP *UNKED (NP Sunday )NP )VP )S )SBAR )NP (VP *UNKED (NP (NP *UNK )NP (PP of (NP (NP the *UNK )NP (PP in (NP (NP San Francisco )NP and (NP (NP *UNKC )NP , (NP *UNKC )NP , )NP )NP )PP )NP )PP )NP (PP with (NP (NP interviews )NP (PP of (NP (NP people )NP (VP *UNKING (SBAR (WHADVP how )WHADVP (S (NP AT&T )NP (VP helped )VP )S )SBAR )VP )NP )PP )NP )PP )VP )S . )S  STOP
(SINV (S (PP At (NP Nissan )NP )PP , `` (S (NP we )NP (VP felt (SBAR (S (NP we )NP (VP wanted (S (VP to (VP do (NP something )NP (S (VP to (VP help (S (NP them )NP (VP *UNK (NP money )NP )VP )S )VP )VP )S )VP )VP )S )VP )S )SBAR )VP )S , and (S (NP we )NP (VP had (NP (NP this *UNK )NP (PP on (NP Monday *UNKC Football )NP )PP )NP )VP )S , '' )S (VP explains )VP (NP (NP *UNKC *UNKC )NP , (NP a Nissan advertising creative manager )NP )NP . )SINV  STOP
(SBARQ `` (WHNP What )WHNP (SQ did (NP we )NP (VP get (PP out (PP of (NP it )NP )PP )PP )VP )SQ ? )SBARQ  STOP
(S (NP We )NP (VP got (NP (NP some exposure )NP ... and (NP (ADJP pretty much )ADJP good will )NP )NP )VP . '' )S  STOP
(S (NP The ads )NP (VP are (ADVP just )ADVP (NP (NP the latest evidence )NP (PP of (SBAR (WHADVP how )WHADVP (S (NP television advertising )NP (VP is (VP getting (ADJP faster (PP on (NP the draw )NP )PP )ADJP )VP )VP )S )SBAR )PP )NP )VP . )S  STOP
(S (SBAR While (S (NP TV commercials )NP (ADVP typically )ADVP (VP take (NP weeks )NP (S (VP to (VP produce )VP )VP )S )VP )S )SBAR , (NP advertisers )NP (PP in (NP (NP the past couple )NP (PP of (NP years )NP )PP )NP )PP (VP have (VP learned (S (VP to (VP turn (PP on (NP a *UNK )NP )PP , (S (VP to (VP crash (PRT out )PRT (NP ads )NP (PP in (NP (NP days )NP or even (NP hours )NP )NP )PP )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (NP The big brokerage houses )NP (VP learned (NP (NP the art )NP (PP of (NP the *UNK commercial )NP )PP )NP (PP after (NP the 1987 crash )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP turned (PRT out )PRT (NP (NP *UNKING ads )NP (VP *UNKING (NP investors )NP (ADVP right back (PP into (NP the stock market )NP )PP )ADVP )VP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP *UNKED (PRT out )PRT (NP (NP another crop )NP (PP of (NP *UNK commercials )NP )PP )NP (PP after (NP the sudden market *UNK )NP )PP (ADVP (NP a few weeks )NP ago )ADVP )VP . )S  STOP
(S (NP Nissan )NP (VP created (NP its quake ad )NP (PP in (NP a weekend )NP )PP )VP . )S  STOP
(S But (SBAR as (S (NP advertisers )NP (VP *UNK (PP onto (NP disasters )NP )PP (PP with (NP increasing *UNK )NP )PP )VP )S )SBAR , (NP they )NP (VP risk (S (VP hurting (NP themselves )NP )VP )S (ADVP (ADVP as much )ADVP (PP as (S (VP helping (NP the cause )NP )VP )S )PP )ADVP )VP . )S  STOP
(S (NP They )NP (VP chance (S (VP *UNKING (NP (NP the customers )NP (SBAR (S (NP they )NP (VP hope (S (VP to (VP *UNK )VP )VP )S )VP )S )SBAR )NP (PP by (S (VP looking (PP like (NP *UNK *UNK )NP )PP )VP )S )PP )VP )S )VP . )S  STOP
(SINV `` (S (S (NP People )NP (VP see (NP extra *UNK )NP (PP in (NP advertising )NP )PP )VP )S , and (S (SBAR (SBAR if (S (NP a manufacturer )NP (VP is (VP (ADVP clearly )ADVP trying (S (VP to (VP get (NP something )NP (PP out (PP of (NP it )NP )PP )PP )VP )VP )S )VP )VP )S )SBAR ... (SBAR if (S (NP it )NP (VP 's (ADJP too *UNK )ADJP )VP )S )SBAR )SBAR ... (ADVP then )ADVP (NP consumers )NP (VP will (VP see (PP through (NP that )NP )PP )VP )VP )S )S , '' (VP warns )VP (NP (NP John Philip Jones )NP , (NP (NP chairman )NP (PP of (NP (NP the advertising department )NP (PP at (NP (NP the *UNKC School )NP (PP of (NP Public Communications )NP )PP (PP at (NP *UNKC University )NP )PP )NP )PP )NP )PP )NP )NP . )SINV  STOP
(SINV `` (S (NP It )NP (VP can (VP *UNK (SBAR because (S (NP companies )NP (VP can (VP (VP step (PP across (NP the line )NP )PP )VP and (VP (VP go (ADVP too far )ADVP )VP , (VP be (ADJP too *UNK )ADJP )VP )VP )VP )VP )S )SBAR )VP )VP )S , '' (VP agrees )VP (NP (NP Gary *UNKC )NP , (NP (NP a principal )NP (PP with (NP (NP New England *UNKING Group )NP , (NP (NP *UNKC )NP , (NP Conn )NP )NP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP (NP The ultimate form )NP (PP of (NP charity )NP )PP )NP (VP is (SBAR (WHADVP when )WHADVP (S (NP you )NP (VP do n't (VP tell (NP anyone )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (ADVP Still )ADVP , (NP he )NP (VP says (SBAR (SBAR that (S (NP (NP only a few )NP (PP of (NP the *UNKED campaigns )NP )PP )NP (VP have (VP been `` (ADJP *UNK )ADJP '' )VP )VP )S )SBAR and (SBAR that `` (S (NP the majority )NP (VP have (VP been (ADJP truly beneficial (PP to (NP (NP the people )NP (SBAR (WHNP who )WHNP (S (VP need (NP the help )NP )VP )S )SBAR )NP )PP )ADJP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP We )NP (VP do n't (VP consider (S (NP that )NP (NP *UNK *UNKING )NP )S )VP )VP . '' )S  STOP
(S (NP (NP The companies )NP (VP running (NP the disaster ads )NP )VP )NP (ADVP certainly )ADVP (VP do n't (VP see (NP themselves )NP (PP as (NP *UNK *UNK )NP )PP , (ADVP either )ADVP )VP )VP . )S  STOP
(S (NP (NP (NP *UNKC King 's )NP chief executive officer )NP , (NP Barry *UNKC )NP , )NP (VP *UNK (PP in (NP (NP ads )NP (VP saying (SBAR that (S (NP the fast-food chain )NP (VP will (VP *UNK (NP 25 cents )NP (PP to (NP the Red Cross )NP )PP (PP for (NP (NP every purchase )NP (PP of (NP a *UNK *UNKC *UNK )NP )PP )NP )PP )VP )VP )S )SBAR )VP )NP )PP )VP . )S  STOP
(S (S (NP (NP The campaign )NP , (SBAR (WHNP which )WHNP (S (VP (VP started (NP last week )NP )VP and (VP runs (PP through (NP Nov. 23 )NP )PP )VP )VP )S )SBAR , (PP with (NP (NP funds )NP (VP *UNKED (PP for (NP both (NP the quake )NP and (NP Hugo )NP )NP )PP )VP )NP )PP , )NP `` (VP was (NP (NP Barry 's )NP idea )NP )VP , '' )S (NP a spokeswoman )NP (VP says )VP . )S  STOP
(S `` (NP Barry )NP (VP felt (ADJP very committed )ADJP )VP . )S  STOP
(S (NP He )NP (VP felt (SBAR (S (NP we )NP (VP should (VP be (VP giving (NP something )NP (PRT back )PRT )VP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (S (SBAR While (S (NP the campaign )NP (VP was (NP (NP Mr. *UNKC 's )NP idea )NP )VP )S )SBAR , (ADVP however )ADVP , (NP he )NP (VP wo n't (VP be (VP paying (PP for (NP it )NP )PP )VP )VP )VP )S : (S (NP The donations )NP (VP will (VP come (PP out (PP of (NP (NP (NP the chain 's )NP national advertising fund )NP , (SBAR (WHNP which )WHNP (S (VP is (VP financed (PP by (NP the franchisees )NP )PP )VP )VP )S )SBAR )NP )PP )PP )VP )VP )S . )S  STOP
(S And (PP by (S (VP *UNKING (NP donations )NP (PP on (NP (NP *UNK *UNKC )NP , (NP (NP a new *UNK- line )NP (SBAR (S (NP the fast-food chain )NP (VP is (VP trying (S (VP to (VP push )VP )VP )S )VP )VP )S )SBAR )NP )NP )PP )VP )S )PP , (NP Burger King )NP (VP works (NP a sales pitch )NP (PP into (NP its *UNK- message )NP )PP )VP . )S  STOP
(S (NP (NP (NP Toyota 's )NP upscale Lexus division )NP , (NP (NP a sponsor )NP (PP of (NP the World Series )NP )PP )NP , )NP (ADVP also )ADVP (VP put (PRT in )PRT (NP (NP a *UNK )NP (PP for (NP Red Cross donations )NP )PP )NP (PP in (NP (NP a World Series game )NP (SBAR (S (NP it )NP (VP *UNKED )VP )S )SBAR )NP )PP )VP . )S  STOP
(S `` (S (NP The World Series )NP (VP is (VP brought (PP to (NP you )NP )PP (PP by (NP (NP Lexus )NP , (SBAR (WHNP who )WHNP (S (VP *UNK (NP you )NP (S (VP to (VP help (S (VP *UNK (NP (NP the suffering )NP (VP caused (PP by (NP the recent earthquake )NP )PP )VP )NP )VP )S )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP )S ... , '' (NP the game *UNK )NP (VP said )VP . )S  STOP
(S (S And (NP New York Life )NP (VP made (NP (NP a plea )NP (PP for (NP Red Cross donations )NP )PP )NP (PP in (NP (NP newspaper ads )NP (PP in (NP the San Francisco area )NP )PP )NP )PP , (S (VP *UNKING (PP onto (NP (NP the *UNK )NP (PP of (NP (NP (NP the Red Cross 's )NP *UNK reputation )NP )NP )PP )NP )PP )VP )S )VP )S : `` (S (NP The Red Cross )NP (VP has (VP been (VP helping (NP people )NP (PP for (NP 125 years )NP )PP )VP )VP )VP )S . )S  STOP
(S (NP New York Life )NP (VP has (VP been (VP doing (NP the same )NP (PP for (NP (QP over 140 )QP years )NP )PP )VP )VP )VP . '' )S  STOP
(S (NP (NP *UNKC Craig )NP , (NP (NP advertising manager )NP (PP for (NP the Red Cross )NP )PP )NP , )NP (VP (ADVP *UNKLY )ADVP admits `` (S (NP they )NP (VP 're (VP *UNKING (PP on (NP our reputation )NP )PP )VP )VP )S )VP . '' )S  STOP
(S But (S (S (NP she )NP (VP has (NP (NP no problem )NP (PP with (NP that )NP )PP )NP )VP )S , (NP she )NP (VP says )VP )S : `` (S (PP In (NP the meanwhile )NP )PP , (NP they )NP (VP 're (VP helping (NP us )NP )VP )VP )S . '' )S  STOP
(S (S (NP The Red Cross )NP (VP does n't (VP track (NP (NP contributions )NP (VP raised (PP by (NP the disaster ads )NP )PP )VP )NP )VP )VP )S , but (S (NP it )NP (VP has (VP *UNKED (NP (QP $ *UNKN million )QP )NP (SBAR since (S (NP it )NP (ADVP first )ADVP (VP launched (NP its hurricane relief effort )NP (NP Sept. 23 )NP )VP )S )SBAR )VP )VP )S . )S  STOP
(NP Ad Notes ... . )NP  STOP
(NP NEW *UNKC : )NP  STOP
(S (NP (NP *UNKC King Co. )NP , (NP (NP Golden Valley )NP , (NP *UNKC )NP , )NP )NP (VP awarded (NP its (ADJP (QP $ 4 million )QP )ADJP *UNK- account )NP (PP to (NP (NP *UNKC , *UNKC , *UNKC & *UNKC )NP , (NP (NP a (NAC *UNKC *UNKC , Iowa , )NAC division )NP (PP of (NP Young & Rubicam )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP The account )NP (VP had (ADVP previously )ADVP (VP been (VP handled (PP by (NP (NP Saatchi & Saatchi *UNKC )NP , (NP New York )NP )NP )PP )VP )VP )VP . )S  STOP
(NP TV *UNKC : )NP  STOP
(S (NP (NP *UNKC & Kennedy )NP , (NP (NP *UNKC )NP , (NP *UNKC )NP )NP , )NP (VP was (VP named (S (VP to (VP handle (NP (NP the News Corp. publication 's )NP (ADJP (QP $ 1 million to $ 2 million )QP )ADJP *UNK- account )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP *UNK *UNK *UNKC )NP , (NP (NP the New York agency )NP (SBAR (WHNP that )WHNP (S (VP had (VP handled (NP the account )NP (PP since (NP *UNKN )NP )PP )VP )VP )S )SBAR )NP , )NP (VP resigned (NP the account )NP (ADVP (NP about two weeks )NP ago )ADVP )VP . )S  STOP
(NP *UNK *UNKC : )NP  STOP
(S (NP Miller Brewing Co. )NP (VP will (VP introduce (NP its first *UNK- beer )NP (NP Jan. 1 )NP )VP )VP . )S  STOP
(S (NP (NP The *UNK )NP , (VP called (S (NP Miller *UNKC 's )NP )S )VP , )NP (VP will (VP be (VP supported (PP by (NP (NP ads )NP (VP developed (PP by (NP (NP *UNKC , *UNKC & *UNKC )NP , (NP *UNKC )NP )NP )PP )VP )NP )PP )VP )VP )VP . )S  STOP
(NP *UNKC : )NP  STOP
(S (NP Viacom Broadcasting Inc. )NP (VP (ADVP *UNKLY )ADVP agreed (S (VP to (VP acquire (NP (NP (NP (NP *UNKC )NP (PRN -LRB- (NP *UNK )NP -RRB- )PRN )NP and (NP *UNKC )NP )NP (PP in (NP San Francisco )NP )PP )NP (PP for (NP (QP about $ *UNKN million )QP )NP )PP (PP from (NP Pacific *UNK Inc )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The Supreme Court )NP (VP let (S (VP stand )VP (NP (NP a New York court 's )NP ruling (SBAR that (S (NP (NP the manufacturers )NP (PP of (NP (NP a drug )NP (VP (ADVP once )ADVP used (S (VP to (VP prevent (NP *UNK )NP )VP )VP )S )VP )NP )PP )NP (VP must (VP share (NP (NP liability )NP (PP for (NP injuries or deaths )NP )PP )NP (SBAR (WHADVP when )WHADVP (S (NP (NP the maker )NP (PP of (NP an individual *UNK )NP )PP )NP (VP is (ADJP *UNK )ADJP )VP )S )SBAR )VP )VP )S )SBAR )NP )S )VP . )S  STOP
(S (NP (NP The high court 's )NP action )NP , (S (VP *UNKING (S (VP to (VP hear (NP (NP appeals )NP (PP by (NP several drug companies )NP )PP )NP )VP )VP )S )VP )S , (VP is (ADJP likely (S (VP to (VP have (NP a significant impact )NP (PP at (NP several levels )NP )PP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP The (ADJP most immediate )ADJP effect )NP (VP is (PP in (NP (NP New York )NP , (SBAR (WHADVP where )WHADVP (S (NP (NP former manufacturers )NP (PP of (NP (NP the *UNK- drug *UNKC )NP (PRN -- (NP the *UNK female *UNK *UNK )NP -- )PRN )NP )PP )NP (VP face (NP (NP the prospect )NP (PP of (NP (NP shared liability )NP (PP for (NP damages )NP )PP )NP )PP )NP (PP in (NP (NP many )NP (PP of (NP (NP the (QP 700 to 1,000 )QP *UNKC lawsuits )NP (VP pending (PP in (NP that state )NP )PP )VP )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The lawsuits )NP (VP stemmed (PP from (NP (NP the development )NP (PP of (NP (NP cancer )NP and (NP other problems )NP )NP )PP (PP in (NP (NP the *UNK )NP (PP of (NP (NP women )NP (SBAR (WHNP who )WHNP (S (VP took (NP the drug )NP )VP )S )SBAR )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (PP On (NP a broader scale )NP )PP , (NP the ruling )NP (VP could (VP encourage (S (NP (NP other states ' )NP courts )NP (VP to (VP adopt (NP (NP the *UNK )NP (PP of (NP the New York court )NP )PP )NP , (PP (CONJP not only )CONJP (PP in (NP DES cases )NP )PP but (PP in (NP other *UNKED lawsuits )NP )PP , (ADVP as well )ADVP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP The (NAC New York Court (PP of (NP *UNKC )NP )PP )NAC ruling )NP (VP *UNK (NP (NP a 1980 decision )NP (PP by (NP the California Supreme Court )NP )PP (VP requiring (NP (NP shared liability )NP (PP among (NP manufacturers )NP )PP (PP for (NP injuries )NP )PP )NP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP ca n't (VP be (VP determined (SBAR (WHNP which company )WHNP (S (VP is (PP at (NP fault )NP )PP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP )NP )VP . )S  STOP
(S (NP (NP Paul *UNKC )NP , (NP (NP a New York lawyer )NP (SBAR (WHNP who )WHNP (S (VP represents (NP DES victims )NP )VP )S )SBAR )NP , )NP (VP said (SBAR that (S (PP before (NP the New York ruling )NP )PP , (NP (NP only the states )NP (PP of (NP Washington and Wisconsin )NP )PP )NP (VP had (VP followed (NP the California decision )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Now (SBAR that (S (NP the New York decision )NP (VP has (VP been (VP left (S (ADJP intact )ADJP )S )VP )VP )VP )S )SBAR )ADVP , (NP other states )NP (VP may (VP follow (NP suit )NP )VP )VP . )S  STOP
(SINV `` (S (ADVP *UNKLY )ADVP , (SBAR (WHADVP when )WHADVP (S (NP (NP New York )NP and (NP California )NP )NP (VP go (NP one way )NP )VP )S )SBAR , (NP it )NP (VP has (NP (NP a tremendous influence )NP (PP on (NP (NP other states )NP , (ADVP especially )ADVP (NP small ones )NP )NP )PP )NP )VP )S , '' (VP said )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S (NP The high court )NP (VP refused (S (VP to (VP hear (NP (NP appeals )NP (PP by (NP (NP *UNKC Drug Co. )NP , (SBAR (WHNP which )WHNP (S (VP (VP went (PP out (PP of (NP business )NP )PP )PP (PP in (NP 1987 )NP )PP )VP and (VP was (VP taken (PRT over )PRT (PP by (NP (NP *UNKC *UNKING Trust )NP ; (NP (NP *UNKC Squibb & Sons Inc. )NP , (NP (NP a unit )NP (PP of (NP Squibb Corp. )NP )PP )NP )NP ; and (NP Eli Lilly & Co )NP )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP The appeals )NP (VP involved (NP (NP DES )NP , (SBAR (WHNP which )WHNP (S (VP was (VP approved (PP by (NP the Food and Drug Administration )NP )PP (PP for (NP (NP use )NP (PP (PP from (NP the *UNK )NP )PP (PP until (NP 1971 )NP )PP )PP (S (VP to (VP prevent (NP *UNK )NP (PP during (NP pregnancy )NP )PP )VP )VP )S )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (NP 1971 )NP )PP , (NP the FDA )NP (VP banned (NP (NP the use )NP (PP of (NP DES )NP )PP )NP (SBAR after (S (NP studies )NP (VP linked (NP it )NP (PP to (NP (NP (NP cancer )NP and (NP other problems )NP )NP (PP in (NP (NP daughters )NP (PP of (NP (NP women )NP (SBAR (WHNP who )WHNP (S (VP took (NP the drug )NP )VP )S )SBAR )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP over (NP (NP the harm )NP (VP caused (PP by (NP DES )NP )PP )VP )NP )PP )NP (VP have (VP *UNKED (NP (UCP federal and state )UCP courts )NP (PP in (NP the past decade )NP )PP )VP )VP . )S  STOP
(S (PP In (NP many cases )NP )PP , (S (NP the lawsuit )NP (VP was (VP filed (SBAR (ADVP long )ADVP after (S (NP the drug )NP (VP was (VP used )VP )VP )S )SBAR )VP )VP )S (PRN -- (S (NP (NP the cancer )NP (PP in (NP the daughters )NP )PP )NP (VP was (ADVP typically )ADVP not (VP *UNKED (PP for (NP years )NP )PP )VP )VP )S -- )PRN and (S (NP there )NP (VP is (NP (NP no way )NP (SBAR (S (VP to (VP prove (SBAR (WHNP (WHNP which )WHNP (PP of (NP several companies )NP )PP )WHNP (S (VP manufactured (NP (NP the *UNK )NP (VP *UNKED (PP by (NP certain women )NP )PP )VP )NP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )S . )S  STOP
(S (PP Under (NP traditional legal *UNK )NP )PP , (NP *UNK (S (VP to (VP prove (SBAR (WHNP which company )WHNP (S (VP manufactured (NP (NP a drug )NP (SBAR (WHNP that )WHNP (S (VP caused (NP an *UNK or death )NP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP )S )NP (VP would (VP lead (PP to (S (NP the lawsuit )NP (VP being (VP dismissed )VP )VP )S )PP )VP )VP . )S  STOP
(S But (PP in (NP (NP its ruling )NP (NP last April )NP )NP )PP , (NP the New York court )NP (VP said (SBAR that (S (NP (NP all producers )NP (PP of (NP the *UNK- drug )NP )PP )NP (VP should (VP share (NP liability )NP (SBAR (WHADVP when )WHADVP (S (NP (NP the manufacturer )NP (PP of (NP a specific *UNK )NP )PP )NP (VP ca n't (VP be (VP determined )VP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP Each company 's )NP share )NP (PP of (NP liability )NP )PP )NP (VP would (VP be (VP based (PP on (NP (NP their share )NP (PP of (NP the national DES market )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP The New York court )NP (ADVP also )ADVP (VP *UNK (NP (NP a state law )NP , (VP passed (PP in (NP 1986 )NP )PP )VP , (VP *UNKING (PP for (NP one year )NP )PP (NP (NP the *UNK )NP (PP of (NP *UNK )NP )PP (PP on (NP filing DES lawsuits )NP )PP )NP )VP )NP )VP . )S  STOP
(S (NP The effect )NP (VP is (SBAR that (S (NP (NP lawsuits )NP (SBAR (WHNP that )WHNP (S (VP might (VP have (VP been (VP *UNKED (SBAR because (S (NP they )NP (VP were (VP filed (ADVP too late )ADVP )VP )VP )S )SBAR )VP )VP )VP )VP )S )SBAR )NP (VP could (VP proceed (PP because of (NP the one-year extension )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(NP -LRB- (NP (NP *UNKC Drug Co. )NP (PP vs. (NP *UNKC )NP )PP )NP ; (NP (NP *UNKC Squibb & Sons Inc. )NP (PP vs. (NP *UNKC )NP )PP )NP , and (NP (NP Eli Lilly & Co. )NP (PP vs. (NP *UNKC )NP )PP )NP -RRB- )NP  STOP
(NP Government *UNKC )NP  STOP
(S (NP The high court )NP , (S (VP leaving (S (ADJP intact )ADJP (NP (NP a (ADJP (QP $ 4.25 million )QP )ADJP damage award )NP (PP against (NP General Dynamics Corp. )NP )PP )NP )S )VP )S , (VP declined (S (VP to (VP resolve (NP (NP questions )NP (PP about (NP (NP a legal defense )NP (PP against (NP civil lawsuits )NP )PP (VP (ADVP often )ADVP used (PP by (NP government contractors )NP )PP )VP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP Last year )NP , (NP the Supreme Court )NP (VP defined (SBAR (WHADVP when )WHADVP (S (NP (NP companies )NP , (PP such as (NP military contractors )NP )PP , )NP (VP may (VP defend (NP themselves )NP (PP against (NP (NP lawsuits )NP (PP for (NP deaths or injuries )NP )PP )NP )PP (PP by (S (VP *UNKING (SBAR that (S (NP they )NP (VP were (VP (ADVP simply )ADVP following (NP (NP *UNK )NP (PP of (NP a federal government contract )NP )PP )NP )VP )VP )S )SBAR )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP that decision )NP )PP , (NP the high court )NP (VP said (SBAR (S (NP a company )NP (VP must (VP prove (SBAR (SBAR that (S (NP the government )NP (VP approved (NP (NP *UNK *UNK )NP (PP for (NP the contract )NP )PP )NP )VP )S )SBAR , (SBAR that (S (NP those *UNK )NP (VP were (VP met )VP )VP )S )SBAR and (SBAR that (S (NP the government )NP (VP was (VP warned (PP of (NP (NP any *UNK )NP (PP in (NP (NP use )NP (PP of (NP the equipment )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP last February )NP , (NP (NP a federal appeals court )NP (PP in (NP New *UNKC )NP )PP )NP (VP *UNK (NP (NP a damage award )NP (PP against (NP General Dynamics )NP )PP )NP , (S (VP *UNKING (NP (NP (NP the company 's )NP use )NP (PP of (NP the government contractor defense )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP The appeals court )NP (VP said (SBAR (S (NP the defense )NP (VP is (ADJP valid )ADJP (SBAR only if (S (NP federal officials )NP (VP (VP did (NP (NP more )NP (SBAR than (S (VP *UNK *UNK (NP (NP a company 's )NP design or plans )NP )VP )S )SBAR )NP )VP and (VP engaged (PP in (NP (NP a `` *UNK review and evaluation '' )NP (PP on (NP (NP a par )NP (PP with (NP a policy decision )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP General Dynamics )NP (VP appealed (PP to (NP the high court )NP )PP , (S (VP backed (PP by (NP numerous business trade groups )NP )PP )VP )S , (S (VP arguing (SBAR that (S (NP the appeals court definition )NP (VP *UNK (NP the defense )NP (ADVP too severely )ADVP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP General Dynamics )NP (VP was (VP sued (PP by (NP (NP the families )NP (PP of (NP (NP five Navy *UNK )NP (SBAR (WHNP who )WHNP (S (VP were (VP killed (PP in (NP 1982 )NP )PP (SBAR after (S (NP they )NP (VP *UNKED (NP a *UNK )NP (PP through (NP a *UNKING chamber )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The accident )NP (VP was (VP caused (PP by (NP (NP *UNK operation )NP (PP of (NP a *UNK )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP A federal district court )NP (VP awarded (NP damages )NP (PP to (NP the families )NP )PP )VP )S and (S (NP the appeals court )NP (VP *UNKED (NP the award )NP )VP )S . )S  STOP
(NP -LRB- (NP General Dynamics Corp. )NP (PP vs. (NP *UNKC )NP )PP )NP  STOP
(NP (NP Court )NP (PP in (NP *UNKC )NP )PP )NP  STOP
(FRAG (PP In (NP other action )NP )PP (NP yesterday )NP , (NP the high court )NP : )FRAG  STOP
(FRAG -- (VP Let (S (VP stand )VP (NP (NP the mail fraud and conspiracy conviction )NP (PP of (NP (NP John *UNKC )NP , (NP (NP a former vice president )NP (PP of (NP (NP *UNKC *UNKC Corp. )NP , (NP (NP a unit )NP (PP of (NP Nestle *UNKC )NP )PP )NP )NP )PP )NP )NP )PP )NP )S )VP . )FRAG  STOP
(S (NP The conviction )NP (VP stemmed (PP from (NP (NP federal charges )NP (PP of (NP consumer fraud )NP )PP (PP for (NP (NP sale )NP (PP of (NP *UNK *UNK apple *UNK )NP )PP (PP between (NP *UNKN and 1983 )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(NP -LRB- (NP *UNKC )NP (PP vs. (NP U.S. )NP )PP . -RRB- )NP  STOP
(FRAG -- (VP *UNKC (S (ADJP intact )ADJP (NP (NP an award )NP (PP of (NP (NP (QP $ 1.5 million )QP )NP (PP in (NP damages )NP )PP )NP )PP (PP against (NP Dow Chemical Co. )NP )PP (PP in (NP (NP the death )NP (PP of (NP an Oregon man )NP )PP (PP from (NP (NP exposure )NP (PP to (NP *UNKC Orange )NP )PP )NP )PP )NP )PP )NP )S )VP . )FRAG  STOP
(S (NP The award )NP (VP was (VP made (PP by (NP a federal court )NP )PP (PP to (NP (NP the *UNK )NP (PP of (NP (NP a U.S. Forest Service employee )NP (SBAR (WHNP who )WHNP (S (VP *UNKED (NP (NP *UNKC 's )NP disease )NP (PP after (S (VP using (NP (NP *UNK )NP (VP containing (NP *UNKC Orange )NP )VP )NP (PP in (NP a *UNKING program )NP )PP )VP )S )PP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP It )NP (VP can (VP be (VP hoped (SBAR that (S (NP Spanish Prime Minister *UNKC Gonzalez )NP (VP will (VP draw (NP the right conclusion )NP (PP from (NP (NP his narrow election victory )NP (NP Sunday )NP )NP )PP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP (NP A strong challenge )NP (PP from (NP (NP the (ADJP far left )ADJP )NP , (NP the Communist coalition *UNKC *UNKC )NP , )NP )PP )NP (VP failed (S (VP to (VP *UNK (NP him )NP )VP )VP )S )VP . )S  STOP
(S (NP He )NP (VP should (VP consider (S (NP his victory )NP (NP (NP a *UNK (S (VP to (VP continue (NP his *UNKED economic reforms )NP )VP )VP )S )NP and not (NP a demand (SBAR that (S (NP he )NP (VP move (ADVP further left )ADVP )VP )S )SBAR )NP )NP )S )VP )VP . )S  STOP
(S (SBAR If (S (NP he )NP (VP follows (NP the correct path )NP )VP )S )SBAR , (NP he )NP (VP may (VP be (ADJP able (S (VP to (VP look (PRT back )PRT (PP on (NP this election )NP )PP (PP as (NP (NP the *UNK- mark )NP (PP of (NP *UNK- opposition )NP )PP )NP )PP )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (NP The (ADJP far left )ADJP )NP (VP had (NP some good issues )NP (SBAR even if (S (NP it )NP (VP did not (VP have (NP (NP good programs )NP (PP for (S (VP dealing (PP with (NP them )NP )PP )VP )S )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP could (VP point (PP to (NP (NP plenty )NP (PP of (NP (NP *UNK )NP (SBAR (WHNP that )WHNP (S (NP the Spanish economic *UNK )NP (ADVP so far )ADVP (VP has (VP failed (S (VP to (VP *UNK )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (ADVP still )ADVP (VP is (VP (ADVP officially )ADVP recorded (PP at (NP (NP *UNKN % )NP , (NP (NP the highest rate )NP (PP in (NP Europe )NP )PP )NP )NP )PP , (SBAR although (S (NP actual *UNK )NP (VP may (VP be (ADJP lower )ADJP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP Housing )NP (VP is (ADJP *UNK )ADJP )VP )S and (S (NP (NP public services )NP (PRN -- (NP (NP the court system )NP , (NP schools )NP , (NP mail service )NP , (NP telephone network )NP and (NP the *UNK )NP )NP -- )PRN )NP (VP are (PP in (NP *UNK condition )NP )PP )VP )S . )S  STOP
(S (NP (NP *UNKC *UNK )NP (PP of (NP poverty )NP )PP )NP (ADVP still )ADVP (VP exist )VP . )S  STOP
(S (NP The left )NP (ADVP also )ADVP (VP (VP is (ADJP critical (PP of (NP (NP the style )NP (PP of (NP the Socialist government )NP )PP )NP )PP )ADJP )VP -- (NP (NP a remarkable *UNK )NP (PP to (NP (NP the situation )NP (PP in (NP Britain )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Mr. Gonzalez )NP and (NP (NP his colleagues )NP , (ADVP particularly )ADVP (NP (NP the finance minister )NP , (NP Carlos *UNKC )NP , )NP )NP )NP (VP are (VP charged (PP (PP with (S (VP having (VP abandoned (NP their *UNK principles )NP )VP )VP )S )PP and (PP with (S (VP having (VP become (NP (NP *UNK *UNK )NP (SBAR (WHNP who )WHNP (S (VP refuse (ADVP even )ADVP (S (VP to (VP go (PP on (NP (NP television )NP (PRN -LRB- (VP controlled (PP by (NP the state )NP )PP )VP -RRB- )PRN )NP )PP (S (VP to (VP face (NP their *UNK )NP )VP )VP )S )VP )VP )S )VP )S )SBAR )NP )VP )VP )S )PP )PP )VP )VP . )S  STOP
(S (PP In (NP (NP response )NP (PP to (NP this )NP )PP )NP )PP , (NP the Socialist prime minister )NP (VP has (VP (ADVP simply )ADVP cited (NP his free-market *UNK )NP )VP )VP . )S  STOP
(S (S (NP They )NP (VP are (ADJP very considerable )ADJP )VP )S : (S (PP Since (NP (NP 1986 )NP , (SBAR (WHADVP when )WHADVP (S (NP Spain )NP (VP joined (NP the European Community )NP )VP )S )SBAR )NP )PP , (NP its gross domestic product )NP (VP has (VP grown (PP at (NP (NP (NP an annual average )NP (PP of (NP 4.6 % )NP )PP )NP -- (NP (NP the *UNK )NP (PP in (NP the EC )NP )PP )NP )NP )PP )VP )VP )S . )S  STOP
(S (PP In (NP that time )NP )PP (S (NP (QP more than 1.2 million )QP jobs )NP (VP have (VP been (VP created )VP )VP )VP )S and (S (NP the official *UNK rate )NP (VP has (VP been (VP pushed (PP below (NP 17 % )NP )PP (PP from (NP 21 % )NP )PP )VP )VP )VP )S . )S  STOP
(S (NP A (ADJP 14 % )ADJP inflation rate )NP (VP dropped (PP below (NP 5 % )NP )PP )VP . )S  STOP
(S (NP (NP Net foreign investment )NP (PP through (NP (NP August )NP (NP this year )NP )NP )PP )NP (VP has (VP been (VP running (PP at (NP (NP a pace )NP (PP of (NP (QP $ 12.5 billion )QP )NP )PP , (NP (QP about double )QP the year-earlier rate )NP )NP )PP )VP )VP )VP . )S  STOP
(S (NP Mr. Gonzalez )NP (ADVP also )ADVP (VP has (VP split (PP with (NP the left )NP )PP (PP (PP in (S (VP *UNKING (NP (NP Spain 's )NP NATO commitment )NP )VP )S )PP and (PP in (S (VP *UNKING (NP (NP a defense treaty )NP (PP with (NP the U.S. )NP )PP )NP )VP )S )PP )PP )VP )VP . )S  STOP
(S (NP Mr. Gonzalez )NP (VP is (ADVP not quite )ADVP (NP a *UNK *UNK- *UNK )NP , (ADVP however )ADVP )VP . )S  STOP
(S (S (NP He )NP (VP did not (VP go (ADVP (ADVP as far )ADVP (SBAR as (S (NP he )NP (VP could (VP have )VP )VP )S )SBAR )ADVP (PP in (NP tax reductions )NP )PP )VP )VP )S ; (S (ADVP indeed )ADVP (NP he )NP (VP combined (NP them )NP (PP with (NP (NP increases )NP (PP in (NP *UNK taxes )NP )PP )NP )PP )VP )S . )S  STOP
(S Yet (NP (NP the best )NP (SBAR (S (NP the *UNK- )NP (VP could (VP do )VP )VP )S )SBAR )NP (VP was not (ADJP enough (S (VP to (VP *UNK (NP (NP the biggest voting bloc )NP (PRN -- (NP (QP nearly 40 )QP % )NP -- )PRN )NP (PP from (S (VP *UNKING (NP (NP the direction )NP (SBAR (S (NP Spain )NP (VP is (VP taking )VP )VP )S )SBAR )NP )VP )S )PP )VP )VP )S )ADJP )VP . )S  STOP
(S (ADVP Now )ADVP (NP he )NP (VP can (VP go (ADVP further )ADVP )VP )VP . )S  STOP
(S (NP He )NP (VP should (VP do (NP more )NP (S (VP to (VP reduce (NP (NP tax rates )NP (PP on (NP wealth and income )NP )PP )NP )VP )VP )S , (PP in (NP (NP recognition )NP (PP of (NP the fact (SBAR that (S (NP those cuts )NP (VP yield (NP (ADJP higher , not lower , )ADJP revenues )NP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP He )NP (VP could (VP do (NP more )NP (S (VP to (VP cut (NP public subsidies and *UNK )NP )VP )VP )S , (S (ADVP thus )ADVP (VP making (S (NP funds )NP (ADJP available (PP for (NP (NP public services )NP (VP *UNKED (PP of (NP money )NP )PP (PP for (NP six years )NP )PP )VP )NP )PP )ADJP )S )VP )S )VP )VP . )S  STOP
(S (NP The voters )NP (VP delivered (NP Mr. Gonzalez )NP (NP (NP a third *UNK )NP (PP for (NP his *UNK )NP )PP )NP )VP . )S  STOP
(S (NP (NP They )NP , (CONJP as well as )CONJP (NP (NP numerous (ADJP (ADJP Latin American )ADJP and (ADJP East European )ADJP )ADJP countries )NP (SBAR (WHNP that )WHNP (S (VP hope (S (VP to (VP adopt (NP (NP elements )NP (PP of (NP the Spanish model )NP )PP )NP )VP )VP )S )VP )S )SBAR )NP , )NP (VP are (VP supporting (NP (NP the direction )NP (SBAR (S (NP Spain )NP (VP is (VP taking )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP would (VP be (ADJP *UNK )ADJP (SBAR for (S (NP Mr. Gonzalez )NP (VP to (VP abandon (NP them )NP (S (VP to (VP *UNK (NP his *UNK )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(NP Monday , October 30 , 1989 )NP  STOP
(S (NP (NP The key U.S. and foreign annual interest rates )NP (ADVP below )ADVP )NP (VP (VP are (NP (NP a guide )NP (PP to (NP general levels )NP )PP )NP )VP but (VP do n't (ADVP always )ADVP (VP represent (NP actual transactions )NP )VP )VP )VP . )S  STOP
(NP (NP PRIME RATE )NP : (NP (QP 10 1\/2 )QP % )NP . )NP  STOP
(NP (NP The base rate )NP (PP on (NP corporate loans )NP )PP (PP at (NP large U.S. money center commercial banks )NP )PP . )NP  STOP
(NP (NP FEDERAL FUNDS )NP : (NP (NP (ADJP (QP 8 3\/4 )QP % )ADJP high )NP , (NP (ADJP (QP 8 11\/16 )QP % )ADJP low )NP , (NP (NP (QP 8 3\/4 )QP % )NP (PP near (NP closing bid )NP )PP )NP , (NP (NP (QP 8 3\/4 )QP % )NP (VP offered )VP )NP )NP . )NP  STOP
(S (NP Reserves )NP (VP traded (PP among (NP commercial banks )NP )PP (PP for (NP overnight use )NP )PP (PP in (NP (NP amounts )NP (PP of (NP (QP $ 1 million or more )QP )NP )PP )NP )PP )VP . )S  STOP
(NP (NP Source )NP : (NP *UNKC *UNKC (PRN -LRB- (NP *UNKC . )NP -RRB- )PRN Inc )NP . )NP  STOP
(NP (NP *UNKC RATE )NP : (NP 7 % )NP . )NP  STOP
(NP (NP The charge )NP (PP on (NP (NP loans )NP (PP to (NP depository institutions )NP )PP (PP by (NP the New York Federal Reserve Bank )NP )PP )NP )PP . )NP  STOP
(NP (NP *UNKC *UNKC )NP : (NP (QP 9 3\/4 % to 10 % )QP )NP . )NP  STOP
(NP (NP The charge )NP (PP on (NP (NP loans )NP (PP to (NP brokers )NP )PP (PP on (NP stock exchange collateral )NP )PP )NP )PP . )NP  STOP
(NP (NP (NP COMMERCIAL PAPER )NP (VP placed (ADVP directly )ADVP (PP by (NP General Motors Acceptance Corp. )NP )PP )VP )NP : (NP (NP (NP 8.50 % )NP (NP (QP 30 to 44 )QP days )NP )NP ; (NP (NP (QP *UNKN )QP % )NP (NP (QP 45 to 62 )QP days )NP )NP ; (NP (NP *UNKN % )NP (NP (QP 63 to 89 )QP days )NP )NP ; (NP (NP 8 % )NP (NP (QP 90 to *UNKN )QP days )NP )NP ; (NP (NP 7.90 % )NP (NP (QP 120 to *UNKN )QP days )NP )NP ; (NP (NP *UNKN % )NP (NP (QP 150 to *UNKN )QP days )NP )NP ; (NP (NP *UNKN % )NP (NP (QP 180 to 270 )QP days )NP )NP )NP . )NP  STOP
(NP (NP COMMERCIAL PAPER )NP : (NP (NP *UNKC unsecured notes )NP (VP sold (PP through (NP dealers )NP )PP (PP by (NP major corporations )NP )PP (PP in (NP (NP *UNK )NP (PP of (NP $ 1,000 )NP )PP )NP )PP )VP )NP : (NP (NP (NP 8.55 % )NP (NP 30 days )NP )NP ; (NP (NP 8.50 % )NP (NP 60 days )NP )NP ; (NP (NP 8.45 % )NP (NP 90 days )NP )NP )NP . )NP  STOP
(NP (NP (NP *UNKC )NP (PP OF (NP *UNKC )NP )PP )NP : (NP (NP (NP *UNKN % )NP (NP one month )NP )NP ; (NP (NP *UNKN % )NP (NP two months )NP )NP ; (NP (NP *UNKN % )NP (NP three months )NP )NP ; (NP (NP *UNKN % )NP (NP six months )NP )NP ; (NP (NP 7.92 % )NP (NP one year )NP )NP )NP . )NP  STOP
(NP (NP Average )NP (PP of (NP (NP top rates )NP (VP paid (PP by (NP major New York banks )NP )PP (PP (PP on (NP (NP primary new issues )NP (PP of (NP negotiable *UNKC )NP )PP )NP )PP , usually (PP on (NP (NP amounts )NP (PP of (NP (QP $ 1 million and more )QP )NP )PP )NP )PP )PP )VP )NP )PP . )NP  STOP
(S (NP The minimum unit )NP (VP is (NP $ 100,000 )NP )VP . )S  STOP
(NP (NP (NP Typical rates )NP (PP in (NP the secondary market )NP )PP )NP : (NP (NP (NP 8.55 % )NP (NP one month )NP )NP ; (NP (NP 8.55 % )NP (NP three months )NP )NP ; (NP (NP *UNKN % )NP (NP six months )NP )NP )NP . )NP  STOP
(NP (NP *UNKC *UNKC )NP : (NP (NP (NP *UNKN % )NP (NP 30 days )NP )NP ; (NP (NP *UNKN % )NP (NP 60 days )NP )NP ; (NP (NP 8.25 % )NP (NP 90 days )NP )NP ; (NP (NP *UNKN % )NP (NP 120 days )NP )NP ; (NP (NP *UNKN % )NP (NP 150 days )NP )NP ; (NP (NP *UNKN % )NP (NP 180 days )NP )NP )NP . )NP  STOP
(NP (NP *UNKC , *UNKED business credit instruments )NP (VP (ADVP typically )ADVP financing (NP an import order )NP )VP . )NP  STOP
(NP (NP LONDON *UNKC *UNKC )NP : (NP (NP (NP (QP 8 3\/4 % to 8 5\/8 % )QP )NP (NP one month )NP )NP ; (NP (NP (NP (QP 8 *UNKN % to 8 11\/16 % )QP )NP (NP two months )NP )NP )NP ; (NP (NP (QP 8 11\/16 % to 8 9\/16 % )QP )NP (NP three months )NP )NP ; (NP (NP (QP 8 9\/16 % to 8 7\/16 % )QP )NP (NP four months )NP )NP ; (NP (NP (QP 8 1\/2 % to 8 3\/8 % )QP )NP (NP five months )NP )NP ; (NP (NP (QP 8 7\/16 % to 8 *UNKN % )QP )NP (NP six months )NP )NP )NP . )NP  STOP
(NP (NP (NP LONDON *UNKC *UNKC RATES )NP (PRN -LRB- (NP LIBOR )NP -RRB- )PRN )NP : (NP (NP (NP (QP 8 11\/16 )QP % )NP (NP one month )NP )NP ; (NP (NP (QP 8 11\/16 )QP % )NP (NP three months )NP )NP ; (NP (NP (QP 8 7\/16 )QP % )NP (NP six months )NP )NP ; (NP (NP (QP 8 3\/8 )QP % )NP (NP one year )NP )NP )NP . )NP  STOP
(NP (NP (NP The average )NP (PP of (NP (NP interbank offered rates )NP (PP for (NP (NP dollar deposits )NP (PP in (NP the London market )NP )PP )NP )PP )NP )PP )NP (VP based (PP on (NP (NP quotations )NP (PP at (NP five major banks )NP )PP )NP )PP )VP . )NP  STOP
(NP (NP *UNKC PRIME RATES )NP : (NP (NP (NP Canada )NP (NP *UNKN % )NP )NP ; (NP (NP Germany )NP (NP 9 % )NP )NP ; (NP (NP Japan )NP (NP *UNKN % )NP )NP ; (NP (NP Switzerland )NP (NP 8.50 % )NP )NP ; (NP (NP Britain )NP (NP 15 % )NP )NP )NP . )NP  STOP
(S (S (NP These rate indications )NP (VP are n't (ADJP directly comparable )ADJP )VP )S ; (S (NP lending practices )NP (VP vary (ADVP widely )ADVP (PP by (NP location )NP )PP )VP )S . )S  STOP
(NP (NP *UNKC *UNKC )NP : (NP (NP Results )NP (PP of (NP (NP the (NAC Monday , October 30 , 1989 , )NAC auction )NP (PP of (NP (NP short-term U.S. government bills )NP , (VP sold (PP at (NP (NP a discount )NP (PP from (NP face value )NP )PP )NP )PP (PP in (NP (NP units )NP (PP of (NP (QP $ 10,000 to $ 1 million )QP )NP )PP )NP )PP )VP )NP )PP )NP )PP )NP : (NP (NP (NP *UNKN % )NP , (NP 13 weeks )NP )NP ; (NP (NP *UNKN % )NP , (NP 26 weeks )NP )NP )NP . )NP  STOP
(NP (NP FEDERAL *UNKC *UNKC MORTGAGE CORP. )NP (PRN -LRB- (NP Freddie Mac )NP -RRB- )PRN : (NP (NP (NP Posted yields )NP (PP on (NP 30-year mortgage commitments )NP )PP (PP for (NP (NP delivery )NP (PP within (NP 30 days )NP )PP )NP )PP )NP )NP . )NP  STOP
(NP (NP (NP *UNKN % )NP , (NP standard conventional fixed-rate mortgages )NP )NP ; (NP (NP 7.875 % )NP , (NP (ADJP 2 % )ADJP rate capped one-year adjustable rate mortgages )NP )NP . )NP  STOP
(NP (NP Source )NP : (NP Telerate Systems Inc )NP . )NP  STOP
(NP (NP FEDERAL NATIONAL MORTGAGE *UNKC )NP (PRN -LRB- (NP Fannie Mae )NP -RRB- )PRN : (NP (NP Posted yields )NP (PP on (NP 30 year mortgage commitments )NP (PP for (NP (NP delivery )NP (PP within (NP 30 days )NP )PP )NP )PP )PP (PRN -LRB- (VP priced (PP at (NP par )NP )PP )VP -RRB- )PRN )NP . )NP  STOP
(NP (NP (NP *UNKN % )NP , (NP standard conventional fixed-rate mortgages )NP )NP ; (NP (NP *UNKN % )NP , (NP *UNKN rate capped one-year adjustable rate mortgages )NP )NP . )NP  STOP
(NP (NP Source )NP : (NP Telerate Systems Inc )NP . )NP  STOP
(NP (NP *UNKC *UNKC *UNKC *UNKC TRUST )NP : (NP *UNKN % )NP . )NP  STOP
(NP (NP (NP Annualized average rate )NP (PP of (NP return )NP )PP (PP after (NP expenses )NP )PP (PP for (NP the past 30 days )NP )PP )NP ; not (NP (NP a forecast )NP (PP of (NP future returns )NP )PP )NP . )NP  STOP
(FRAG (INTJ *UNK )INTJ , (NP that *UNK Mr. Ortega )NP . )FRAG  STOP
(SINV (SBAR (WHADVP Just when )WHADVP (S (NP American *UNK )NP (VP had (VP pulled (NP the arms *UNK )NP (PP on (NP (NP the Contras )NP and (NP their friend Ronald Reagan )NP )NP )PP )VP )VP )S )SBAR , (ADVP along )ADVP (VP comes )VP (NP Mr. Ortega )NP (PP in (NP Costa Rica )NP )PP (NP this weekend )NP (S (VP to (VP `` *UNK '' (PP into (NP (NP the hands )NP (PP of (SBAR (WHNP what )WHNP (S (VP are (ADVP often )ADVP (VP called (S (NP conservatives )NP )S )VP )VP )S )SBAR )PP )NP )PP )VP )VP )S . )SINV  STOP
(S (NP Conservatives )NP (VP are (NP (NP the *UNK )NP (PP in (NP U.S. politics )NP )PP (SBAR (WHNP which )WHNP (S (ADVP always )ADVP (VP said (SBAR that (S (NP (NP Mr. Ortega )NP and (NP his friends )NP )NP (VP do n't (VP want (S (VP to (VP hold (NP an election )NP (PP in (NP Nicaragua )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP are (NP (NP the *UNK )NP (SBAR (WHNP that )WHNP (S (VP says , (S (VP *UNKC (NP peace )NP (NP a chance )NP )VP )S )VP )S )SBAR )NP )VP )S ; (S (ADVP now )ADVP (NP they )NP (VP are (VP saying (SBAR (S (NP Mr. Ortega )NP (VP should (VP give (NP them )NP (NP a break )NP )VP )VP )S )SBAR , (SBAR *UNK (S (NP the conservatives )NP (VP ask (NP them )NP (S (VP to (VP vote (PP for (NP (NP *UNK )NP (PP instead of (NP *UNK )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP )S . )S  STOP
(S (NP We )NP (VP suspect (SBAR (S (NP Daniel Ortega )NP (VP knows (NP (NP the difference )NP (PP between (NP (NP a *UNK )NP and (NP a strategy )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP knows (SBAR (SBAR that (S (S (VP making (S (NP George Bush )NP (VP look (ADJP *UNKLY )ADJP (PP in (NP (NP a *UNK )NP (PP with (NP him )NP )PP )NP )PP )VP )S )VP )S (VP will (VP *UNK (NP *UNKC *UNK )NP )VP )VP )S )SBAR , and (SBAR that (S (S (VP announcing (NP (NP an end )NP (PP to (NP (NP the *UNK ' )NP *UNK- )NP )PP )NP )VP )S (VP will (VP produce (ADVP mainly )ADVP (NP (NP their concern )NP (PP over (NP (NP (NP the Contras ' )NP military activities )NP (PP in (NP northern Nicaragua )NP )PP )NP )PP )NP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP Mr. Ortega )NP (VP *UNK (ADVP (ADVP better )ADVP (PP than (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP worry (PP about (NP his behavior )NP )PP )VP )S )SBAR )NP )PP )ADVP (SBAR that (S (SBAR (WHNP what )WHNP (S (VP *UNK (NP the *UNKC movement )NP )VP )S )SBAR (VP is (NP not (NP democratic peace )NP , but (NP *UNK *UNK )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP is (NP (NP the presence )NP (PP of (NP (ADJP internal and *UNK )ADJP `` *UNK '' )NP )PP (SBAR (WHNP which )WHNP (S (VP *UNK (NP (NP the need )NP (PP for (NP (NP a large , active army )NP (SBAR (WHNP that )WHNP (S (NP (NP Mikhail Gorbachev 's )NP Soviet Union )NP (VP continues (S (VP to (VP supply (PP with (NP *UNK )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )NP )VP . )S  STOP
(NP (NP Annualized interest rates )NP (PP on (NP certain investments )NP )PP (SBAR as (S (VP reported (PP by (NP the Federal Reserve Board )NP )PP (PP on (NP a *UNK- basis )NP )PP )VP )S )SBAR : )NP  STOP
(FRAG (X a )X - (NP *UNKED rate )NP . )FRAG  STOP
(FRAG (X *UNK )X - (NP (NP *UNKC )NP (VP ended (NP (NP Wednesday , October 25 , 1989 )NP and (NP Wednesday October 18 , 1989 )NP )NP )VP )NP . )FRAG  STOP
(FRAG (X *UNK )X - (NP (NP Yields )NP , (VP adjusted (PP for (NP constant maturity )NP )PP )VP )NP . )FRAG  STOP
(S (NP *UNKC Corp. )NP (VP said (SBAR (S (NP (NP the government )NP (PP of (NP Spain )NP )PP )NP (VP approved (NP (NP the marketing )NP (PP of (NP (NP its *UNKC *UNK- drug )NP (SBAR (S (VP to (VP treat (NP *UNK cancer )NP )VP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The biotechnology concern )NP (VP said (SBAR (SBAR (S (NP Spanish authorities )NP (VP must (ADVP still )ADVP (VP clear (NP (NP the price )NP (PP for (NP the treatment )NP )PP )NP )VP )VP )S )SBAR , but (SBAR that (S (NP it )NP (VP expects (S (VP to (VP receive (NP such approval )NP (PP by (NP year end )NP )PP )VP )VP )S )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP (NP Four other countries )NP (PP in (NP Europe )NP )PP )NP (VP have (VP approved (NP *UNKC )NP (PP in (NP recent months )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (ADVP currently )ADVP (VP trying (S (VP to (VP obtain (NP (NP federal regulatory clearance )NP (PP for (NP U.S. distribution )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP The Treasury Department )NP (VP proposed (SBAR that (S (NP banks )NP (VP be (VP required (S (VP to (VP keep (NP (NP detailed records )NP (PP of (NP (NP international wire transfers )NP , (SBAR (WHNP which )WHNP (S (NP officials )NP (VP believe (SBAR (S (VP is (NP (NP the main vehicle )NP (VP used (PP by (NP drug *UNK )NP )PP (S (VP to (VP move (NP (NP billions )NP (PP of (NP dollars )NP )PP )NP (PP in and out (PP of (NP the U.S. )NP )PP )PP )VP )VP )S )VP )NP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (S (PP In (NP (NP recent testimony )NP (PP on (NP Capitol Hill )NP )PP )NP )PP , (NP Treasury officials )NP (VP said (SBAR (S (NP they )NP (VP were (VP considering (NP the new reporting requirements )NP )VP )VP )S )SBAR )VP )S , and (S (NP (NP the expected publication )NP (PP of (NP the proposal )NP )PP (PP in (NP the Federal *UNKC )NP )PP (NP today )NP )NP (VP is (NP (NP the first official step )NP (PP toward (S (VP creating (NP final regulations )NP )VP )S )PP )NP )VP )S . )S  STOP
(S (NP The Treasury )NP (VP is (ADVP still )ADVP (VP working (PRT out )PRT (NP the details )NP (PP with (NP (NP bank trade *UNK )NP and (NP (NP the other government agencies )NP (SBAR (WHNP that )WHNP (S (VP have (NP a hand )NP (PP in (S (VP fighting (NP money *UNKING )NP )VP )S )PP )VP )S )SBAR )NP )NP )PP )VP )VP . )S  STOP
(SINV (PP Among (NP (NP the possibilities )NP (SBAR (S (NP the Treasury )NP (VP is (VP considering )VP )VP )S )SBAR )NP )PP (VP are )VP (NP requirements (SBAR that (S (NP banks )NP (VP keep (NP (NP records )NP (VP *UNKING (NP (NP the *UNK and *UNK )NP (PP of (NP international wire transfers )NP )PP )NP )VP )NP )VP )S )SBAR )NP . )SINV  STOP
(S (NP Another suggestion )NP (VP would (VP draw (NP banks )NP (ADVP more directly )ADVP (PP into (S (VP *UNKING (PRT down )PRT (NP money *UNK )NP (PP by (S (VP developing (NP (NP a `` *UNK international wire transfer profile )NP , '' (SBAR (WHNP which )WHNP (S (NP banks )NP (VP would (VP use (S (VP to (VP *UNK (NP *UNK payments )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP )S )PP )VP )S )PP )VP )VP . )S  STOP
(S But (NP banks )NP (VP may (VP prefer (S (VP using (NP (NP (NP a profile )NP (SBAR (WHNP that )WHNP (S (VP targets (NP selected transactions )NP )VP )S )SBAR )NP , (CONJP rather than )CONJP (NP a *UNK reporting *UNK )NP )NP )VP )S )VP )VP . )S  STOP
(S (NP Banks )NP (ADVP now )ADVP (VP are (VP required (ADVP only )ADVP (S (VP to (VP report (NP (NP cash deposits or withdrawals )NP (PP of (NP (QP $ 10,000 or more )QP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S But (NP (NP wire transfers )NP (PP from (NP a standing account )NP )PP (PRN -- (PP including (NP (NP those )NP (ADJP (ADJP bigger )ADJP (PP than (NP $ 10,000 )NP )PP )ADJP )NP )PP -- )PRN )NP (VP are n't (VP reported )VP )VP . )S  STOP
(S (NP Officials )NP (VP believe (SBAR (S (NP this )NP (VP has (VP left (NP (NP a *UNKING *UNK )NP (SBAR (WHNP that )WHNP (S (NP illegal drug businesses )NP (VP are (VP *UNKING )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP estimate (SBAR that (S (NP (NP revenues )NP (PP from (NP illegal drugs )NP )PP )NP (PP in (NP the U.S. )NP )PP (VP total (NP (QP about $ 110 billion )QP )NP (ADVP annually )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Sen. John *UNKC )NP (PRN -LRB- (NP D. )NP , (NP Mass. )NP -RRB- )PRN , (NP (NP chairman )NP (PP of (NP (NP a Senate Foreign Relations subcommittee )NP (SBAR (WHNP that )WHNP (S (VP oversees (NP (NP the issue )NP (PP of (NP money *UNKING )NP )PP )NP )VP )S )SBAR )NP )PP )NP , )NP (VP criticized (NP the proposal )NP (PP for (S (VP ignoring (NP (NP wire transfers )NP (PP between (NP foreign banks )NP )PP (SBAR (WHNP that )WHNP (S (VP are (VP executed and cleared (PP on (NP U.S. wire systems )NP )PP )VP )VP )S )SBAR )NP )VP )S )PP )VP . )S  STOP
(S (NP The American Bankers Association )NP (VP did n't (VP have (NP (NP any comment )NP (PP on (NP the plan )NP )PP )NP )VP )VP . )S  STOP
(S (NP The proposal )NP (ADVP now )ADVP (VP *UNK (NP (NP a *UNK- comment period )NP , (SBAR (WHPP after (WHNP which )WHNP )WHPP (S (NP the Treasury )NP (VP will (VP *UNK (NP final regulations )NP )VP )VP )S )SBAR , (VP followed (PP by (NP another comment period )NP )PP )VP )NP )VP . )S  STOP
(S (NP Western Union Corp. )NP (VP (VP took (NP steps )NP (S (VP to (VP withdraw (NP (NP its proposed debt swap )NP (PP for (NP (NP (QP $ 500 million )QP )NP (PP in (NP *UNK- notes )NP )PP )NP )PP )NP )VP )VP )S )VP and (VP said (SBAR (S (NP it )NP (VP is (VP looking (PP at (NP (NP other alternatives )NP (PP for (S (VP refinancing (NP the debt )NP )VP )S )PP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Western Union )NP (VP had (VP said (ADVP (NP two weeks )NP ago )ADVP (SBAR that (S (NP it )NP (VP might (VP withdraw (NP (NP the pending offer )NP , (SBAR (WHNP which )WHNP (S (VP would (VP have (VP replaced (NP (NP (QP $ 500 million )QP )NP (PP in (NP (NP so-called reset notes )NP , (VP (VP (ADVP now )ADVP paying (NP (ADJP *UNKN % )ADJP annual interest )NP )VP and (VP set (S (VP to (VP come (ADJP due )ADJP (PP in (NP 1992 )NP )PP )VP )VP )S )VP )VP , )NP )PP )NP (PP with (NP (NP two new issues )NP (VP paying (NP lower interest )NP )VP )NP )PP )VP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Yesterday )NP (NP the company )NP (VP said (SBAR (S (NP it )NP (VP had (VP filed (NP a request )NP (PP with (NP the Securities and Exchange Commission )NP )PP (S (VP to (VP withdraw (NP (NP the registration statement )NP (VP regarding (NP the proposed swap )NP )VP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP A Western Union spokesman )NP , (S (VP citing (NP (NP adverse developments )NP (PP in (NP (NP the market )NP (PP for (NP high-yield `` junk '' bonds )NP )PP )NP )PP )NP )VP )S , (VP declined (S (VP to (VP say (SBAR (WHNP what alternatives )WHNP (S (VP are (PP under (NP consideration )NP )PP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S But (NP (NP some holders )NP (PP of (NP the Western Union notes )NP )PP )NP (VP expect (S (NP the company )NP (VP to (VP *UNK (NP (NP a *UNK- debt swap )NP (SBAR (WHNP that )WHNP (S (VP will (VP give (NP them )NP (NP (NP a substantial equity stake )NP (PP in (NP the company )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (NP Western Union )NP (VP has (VP had (NP major losses )NP (PP in (NP recent years )NP )PP (SBAR (SBAR as (S (NP its *UNK business )NP (VP has (VP *UNKED (PP in (NP (NP the face )NP (PP of (NP (NP competition )NP (PP from (NP *UNK machines )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR and (SBAR as (S (NP other business ventures )NP (VP have (VP gone (ADVP *UNK )ADVP )VP )VP )S )SBAR )SBAR )VP )VP . )S  STOP
(S (NP The major question )NP (PRN , (SINV (VP said )VP (NP (NP one holder )NP (SBAR (WHNP who )WHNP (S (VP asked (S not (VP to (VP be (VP named )VP )VP )VP )S )VP )S )SBAR )NP )SINV , )PRN (VP is (SBAR whether (S (NP (NP New York investor Bennett S. *UNKC )NP , (SBAR (WHNP whose *UNKC Partners )WHNP (S (VP controls (NP Western Union )NP )VP )S )SBAR , )NP (VP is (ADJP willing (S (VP to (VP offer (NP a (ADJP large enough )ADJP equity stake (S (VP to (VP *UNK (NP bondholders )NP (PP into (S (VP agreeing (PP to (NP a new swap )NP )PP )VP )S )PP )VP )VP )S )NP )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP The (QP $ 500 million )QP )NP (PP in (NP notes )NP )PP )NP , (NP (NP the largest chunk )NP (PP of (NP (NP (NP Western Union 's )NP (QP $ *UNKN million )QP )NP (PP in (NP long-term debt )NP )PP )NP )PP )NP , )NP (VP stems (PP from (NP (NP (NP the company 's )NP major restructuring )NP (PP in (NP December 1987 )NP )PP )NP )PP )VP . )S  STOP
(S (NP The notes )NP (VP became (ADJP *UNK )ADJP (SBAR (WHADVP when )WHADVP (S (NP reset provisions )NP (VP allowed (S (NP their interest rate )NP (VP to (VP be (VP raised (PP to (NP *UNKN % )NP )PP (NP last June )NP )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Western Union )NP (VP had (VP offered (S (VP to (VP swap (NP (NP each (ADJP $ 1,000 )ADJP face amount )NP (PP of (NP the notes )NP )PP )NP (PP for (NP (NP (NP six shares )NP (PP of (NP common stock )NP )PP )NP and (NP (NP two new debt issues )NP : (NP (NP (NP a (ADJP $ 500 )ADJP note )NP (VP paying (NP (NP an interest rate )NP (VP (VP starting (PP at (NP (NP *UNKN % )NP (ADVP annually )ADVP )NP )PP )VP and (VP rising (PP in (NP later years )NP )PP )VP )VP )NP )VP , (ADJP due (PP in (NP 1992 )NP )PP )ADJP )NP , and (NP (NP a (ADJP $ 500 )ADJP note )NP , (ADJP due (PP in (NP 1997 )NP )PP )ADJP , (VP (VP paying (NP (NP a fixed rate )NP (PP of (NP 17 % )NP )PP )NP )VP and (VP including (NP (NP rights )NP (VP *UNKING (NP a holder )NP (PP against (NP (NP a decline )NP (PP in (NP (NP the trading price )NP (PP of (NP the bond )NP )PP )NP )PP )NP )PP )VP )NP )VP )VP )NP )NP )NP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP Western Union )NP (VP must (VP make (NP (NP (QP $ 48 million )QP )NP (PP in (NP (NP interest payments )NP (PP on (NP the reset notes )NP )PP )NP )PP )NP (PP on (NP Dec. 15 )NP )PP )VP )VP )S , and (S (NP a company spokesman )NP (VP said (SBAR (S (NP it )NP (ADVP fully )ADVP (VP intends (S (VP to (VP meet (NP the payments )NP )VP )VP )S )VP )S )SBAR )VP )S . )S  STOP
(S But (NP Western Union )NP (VP has (VP said (SBAR (S (NP it )NP (VP must (VP lower (NP (NP the interest rate )NP (PP on (NP its debt )NP )PP )NP (S (VP to (VP regain (NP full financial health )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Genentech Inc. )NP (VP said (SBAR (S (NP (NP the West German distributor )NP (PP of (NP its heart drug *UNKC )NP )PP )NP (VP reached (NP a joint marketing agreement )NP (PP with (NP (NP a subsidiary )NP (PP of (NP (NP *UNKC AG )NP , (SBAR (WHNP which )WHNP (S (VP makes (NP the rival *UNKING agent *UNK )NP )VP )S )SBAR )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The biotechnology concern )NP (VP said (SBAR (S (NP (NP the agreement )NP (PP between (NP (NP (NP its longtime West German distributor )NP , (NP (NP *UNKC 's )NP Dr. *UNKC *UNKC *UNKC subsidiary )NP , )NP and (NP (NP Hoechst 's )NP *UNKC subsidiary )NP )NP )PP )NP (VP was (NP an attempt (S (VP to (VP expand (NP (NP the market )NP (PP for (NP (NP *UNK- drugs )NP (PP in (NP general )NP )PP )NP )PP )NP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (NP A Genentech spokeswoman )NP (VP said (SBAR (S (NP the agreement )NP (VP calls (SBAR for (S (NP Hoechst )NP (VP to (VP (VP promote (NP *UNKC )NP (PP for (NP heart patients )NP )PP )VP and (VP (NP *UNK )NP (PP for (NP other *UNKING purposes )NP )PP )VP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Investors )NP (PP in (NP the over-the-counter market )NP )PP )NP (VP dumped (NP banking and insurance issues )NP , (S (VP sending (NP the Nasdaq composite index )NP (ADVP lower )ADVP (PP for (NP the third consecutive session )NP )PP )VP )S )VP . )S  STOP
(S (NP All Nasdaq industry indexes )NP (VP finished (ADVP lower )ADVP , (SBAR with (S (NP financial issues )NP (VP hit (NP the *UNK )NP )VP )S )SBAR )VP . )S  STOP
(S (PP Despite (NP some early *UNKED program buying )NP )PP , (NP the Nasdaq composite )NP (VP fell (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP The OTC market )NP (ADVP now )ADVP (VP has (VP declined (PP in (NP (NP eight )NP (PP of (NP the past 11 sessions )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The Nasdaq bank index )NP (VP fell (NP *UNKN )NP (PP to (NP *UNKN )NP )PP , (SBAR while (S (S (NP the insurance index )NP (VP fell (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )VP )S , and (S (NP the `` other finance '' index )NP (VP dropped (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )VP )S )S )SBAR )VP . )S  STOP
(S (NP The largest financial issues )NP , (SBAR as (S (VP measured (PP by (NP the Nasdaq financial index )NP )PP )VP )S )SBAR , (VP tumbled (NP *UNKN )NP (X (PP to )PP )X )VP )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP (NP the index )NP (PP of (NP (NP the 100 biggest *UNK- stocks )NP , (NP the Nasdaq 100 )NP , )NP )PP )NP )NP (VP gained (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP *UNKING )NP (VP accounted (PP for (NP (NP much )NP (PP of (NP (NP the slide )NP (PP in (NP OTC stock prices )NP )PP )NP )PP )NP )PP , (PP according (PP to (NP (NP David Mills )NP , (NP (NP senior vice president )NP (PP of (NP Boston Company *UNKC )NP )PP )NP )NP )PP )PP )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP (NP many portfolio managers )NP , (SBAR (WHNP whose year-end bonuses )WHNP (S (VP are (VP tied (PP to (NP annual performance )NP )PP )VP )VP )S )SBAR , )NP (VP are (VP selling (ADVP now )ADVP (SBAR rather than (S (VP risk (VP seeing (S (NP their gains )NP (VP *UNK (ADVP further )ADVP )VP )S )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP The profit *UNK- )NP (VP is (ADVP definitely )ADVP (VP going (PRT on )PRT )VP )VP )S , '' (VP said )VP (NP (NP Mr. Mills )NP , (SBAR (WHNP whose firm )WHNP (S (VP manages (NP (QP $ 600 million )QP )NP (PP for (NP Boston Co )NP )PP )VP )S )SBAR )NP . )S  STOP
(S (S (NP (NP *UNKC sellers )NP (PRN , (NP (NP those investors )NP (SBAR (WHNP who )WHNP (S (VP sell (NP *UNKING stocks )NP (SBAR so (S (NP they )NP (VP can (VP *UNK (NP their losses )NP (PP from (NP (NP this year 's )NP income )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )NP , )PRN )NP (VP are (ADVP also )ADVP (VP getting (PRT out )PRT )VP )VP )S , (NP Mr. Mills )NP (VP said )VP . )S  STOP
(S (NP That )NP (VP 's (VP helping (S (VP put (NP pressure )NP (PP on (NP both (NP (NP the market 's )NP winners )NP and (NP its losers )NP )NP )PP )VP )S )VP )VP . )S  STOP
(S `` (S (S (NP (NP The stocks )NP (SBAR (WHNP that )WHNP (S (VP have (VP been (NP the best )NP )VP )VP )S )SBAR )NP (VP are (VP having (NP big *UNK )NP )VP )VP )S , and (S (NP (NP the ones )NP (SBAR (WHNP that )WHNP (S (VP have (VP been (NP the worst )NP )VP )VP )S )SBAR )NP (VP are (VP getting (VP *UNKED )VP )VP )VP )S )S , '' (NP Mr. Mills )NP (VP said )VP . )S  STOP
(S (NP He )NP (VP expects (S (NP the market )NP (VP (VP to (VP *UNK (ADVP further )ADVP )VP )VP and (VP to (VP reach (NP a low )NP (ADVP (ADVP (ADVP *UNK )ADVP (NP next month )NP )ADVP or (PP in (NP December )NP )PP )ADVP )VP )VP )VP )S )VP . )S  STOP
(S (NP (NP The selling )NP (PP by (NP (NP money managers )NP and (NP individual investors )NP )NP )PP )NP (VP is (VP turning (S (NP traders )NP (ADJP bearish )ADJP )S (ADVP as well )ADVP )VP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP are (VP advising (NP (NP a lot )NP (PP of (NP our clients )NP )PP )NP (S (VP to (VP make (NP (NP moves )NP (SBAR (WHNP that )WHNP (S (VP make (NP sense )NP (PP to (NP them )NP )PP )VP )S )SBAR )NP , (PP rather than (S (VP waiting (PP until (NP the last minute )NP )PP )VP )S )PP )VP )VP )S , (SBAR because (S (NP things )NP (VP have (VP been (ADJP so volatile )ADJP )VP )VP )S )SBAR )VP )VP )S , '' (VP said )VP (NP (NP William *UNKC )NP , (NP (NP head )NP (PP of (NP (NP OTC trading )NP (PP at (NP (NP *UNKC Edwards & Sons )NP (PP in (NP St. Louis )NP )PP )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP Ralph *UNKC )NP , (NP (NP head )NP (PP of (NP (NP the OTC trading department )NP (PP at (NP Smith Barney , Harris Upham )NP )PP )NP )PP )NP , )NP (VP said (SBAR (S (NP many market players )NP (VP are (VP *UNKING (NP (NP some resolution )NP (PP of (NP (NP the current debate )NP (PP over (NP program trading )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Much )NP (PP of (NP (NP the market 's )NP recent volatility )NP )PP )NP (VP has (VP been (VP blamed (PP on (NP (NP this *UNK- *UNKED trading technique )NP (SBAR (WHNP that )WHNP (S (VP can (VP send (S (NP stock prices )NP (VP *UNKING or *UNKING (PP in (NP (NP a matter )NP (PP of (NP minutes )NP )PP )NP )PP )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S (NP The problem )NP (VP has (VP been (ADJP particularly *UNKING (PP to (NP (NP the OTC market )NP , (ADVP traditionally )ADVP (NP (NP a base )NP (PP for (NP the small investor )NP )PP )NP )NP )PP )ADJP )VP )VP . )S  STOP
(S (NP *UNKC 's )NP (VP surged (NP 14 )NP (PP to (NP 53 )NP )PP (PP after (S (VP agreeing (PP in (NP principle )NP )PP (S (VP to (VP be (VP acquired (PP by (NP (NP a unit )NP (PP of (NP *UNKC Group )NP )PP )NP )PP (PP for (NP (NP $ 50 )NP (NP a share )NP )NP )PP )VP )VP )VP )S )VP )S )PP )VP . )S  STOP
(S (NP The stock )NP (VP jumped (NP 9 1\/2 )NP (NP (NP Friday )NP , (SBAR (WHADVP when )WHADVP (S (NP the company )NP (VP announced (SBAR (S (NP it )NP (VP was (PP in (NP takeover talks )NP )PP )VP )S )SBAR )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP and (NP *UNKC 's )NP )NP (VP said (SBAR (S (NP they )NP (VP expect (S (VP (VP to (VP sign (NP definitive agreements )NP (ADVP shortly )ADVP )VP )VP and (VP to (VP complete (NP the transaction )NP (PP by (NP Dec. 15 )NP )PP )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Federal Savings Bank )NP (VP advanced (NP 1 1\/2 )NP (PP to (NP 20 1\/4 )NP )PP (SBAR after (S (NP it )NP (VP said (SBAR (S (NP it )NP (VP is (PP in (NP (NP talks )NP (PP with (NP a possible *UNK )NP )PP )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP The bank )NP (VP said (SBAR (S (NP the talks )NP (VP resulted (PP from (NP (NP *UNK )NP (PP by (NP its financial adviser )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Jaguar )NP (VP assumed (NP (NP its (ADJP recently *UNK )ADJP place )NP (PP on (NP the OTC (ADJP most active )ADJP list )NP )PP )NP (SBAR as (S (S (NP its American depository receipts )NP (VP gained (NP 1\/4 )NP (PP to (NP 11 7\/8 )NP )PP (PP on (NP (NP volume )NP (PP of (NP (QP 1.2 million )QP shares )NP )PP )NP )PP )VP )S and (S (NP Daimler-Benz )NP (VP joined (NP (NP the list )NP (PP of (NP (NP companies )NP (ADJP interested (PP in (NP the British car maker )NP )PP )ADJP )NP )PP )NP )VP )S )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP has (VP had (NP (NP talks )NP (PP with (NP Jaguar )NP )PP (PP about (NP possible joint ventures )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP General Motors )NP and (NP Ford Motor )NP )NP (VP continue (NP (NP their pursuit )NP (PP of (NP the company )NP )PP )NP )VP . )S  STOP
(S (S (NP Ford )NP (VP has (VP acquired (NP (NP (QP more than 13 )QP % )NP (PP of (NP (NP Jaguar 's )NP shares )NP )PP )NP )VP )VP )S , and (S (NP GM )NP (VP has (VP received (NP U.S. regulatory clearance (S (VP to (VP buy (NP 15 % )NP )VP )VP )S )NP )VP )VP )S . )S  STOP
(S (NP *UNKC *UNKC Time )NP (VP gained (NP 1 1\/2 )NP (PP to (NP 13 )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP reported (NP (NP third-quarter operating profit )NP (PP of (NP (NP 37 cents )NP (NP a share )NP )NP )PP )NP , (PP compared (PP with (NP (NP (NP 12 cents )NP (NP a share )NP )NP (ADVP (NP a year )NP earlier )ADVP )NP )PP )PP )VP . )S  STOP
(S (NP (NP A third-quarter charge )NP (PP of (NP (QP $ 3.5 million )QP )NP )PP (VP related (PP to (NP planned restaurant *UNK )NP )PP )VP )NP (VP resulted (PP in (NP (NP a net loss )NP (PP for (NP the quarter )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC Casualty )NP , (SBAR (WHNP which )WHNP (S (VP reported (NP a (ADJP (QP $ *UNKN million )QP )ADJP third-quarter loss )NP (NP late Friday )NP )VP )S )SBAR , )NP (VP fell (NP 2 1\/4 )NP (PP to (NP 13 3\/4 )NP )PP )VP . )S  STOP
(S (NP The loss )NP (VP was (ADVP largely )ADVP (ADJP due (PP to (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP addition )NP (PP to (NP reserves )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (NP *UNKC Casualty )NP (VP had (NP (NP a loss )NP (PP of (NP (QP $ 3.6 million )QP )NP )PP )NP (PP in (NP the year-earlier quarter )NP )PP )VP . )S  STOP
(S (NP Old Stone )NP (VP fell (NP 1 5\/8 )NP (PP to (NP 13 1\/2 )NP )PP )VP . )S  STOP
(S (NP Late Friday )NP , (NP the company )NP (VP reported (NP (NP a loss )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP (PP for (NP the third quarter )NP )PP )NP (PP after (S (VP earning (NP (QP $ *UNKN million )QP )NP (ADVP (NP a year )NP before )ADVP )VP )S )PP )VP . )S  STOP
(S (NP The loss )NP (VP came (PP after (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP addition )NP (PP to (NP loan-loss reserves )NP )PP )NP )PP )VP . )S  STOP
(S (NP The bank )NP (VP made (NP a (ADJP (QP $ 4.5 million )QP )ADJP provision )NP (PP in (NP the 1988 quarter )NP )PP )VP . )S  STOP
(S (NP Old Stone )NP (VP repeated (NP projections (SBAR that (S (NP it )NP (VP (VP will (VP be (ADJP profitable )ADJP (PP for (NP the fourth quarter )NP )PP )VP )VP and (VP will (VP (ADVP about )ADVP break (ADVP even )ADVP (PP for (NP the year )NP )PP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP *UNKC Lincoln Federal Savings Bank )NP (VP sank (NP 4 )NP (PP to (NP 13 1\/2 )NP )PP (PP after (S (VP announcing (NP (NP a *UNK )NP (SBAR (WHNP that )WHNP (S (VP will (VP (VP change (NP senior management )NP )VP and (VP *UNK (NP (NP the bank 's )NP mortgage business )NP (PP as (NP a separate unit )NP )PP )VP )VP )VP )S )SBAR )NP )VP )S )PP )VP . )S  STOP
(S (NP The bank )NP (ADVP also )ADVP (VP said (SBAR (S (NP it )NP (VP will (VP establish (NP (NP a loan-loss reserve )NP (PP of (NP (QP $ 2.5 million to $ 4 million )QP )NP )PP )NP (PP against (NP (NP a construction loan )NP (SBAR (WHNP that )WHNP (S (VP is (PP in (NP default )NP )PP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The bank )NP , (SBAR (WHNP which )WHNP (S (ADVP previously )ADVP (VP said (SBAR (S (NP it )NP (VP was (PP for (NP sale )NP )PP )VP )S )SBAR )VP )S )SBAR , )NP (VP said (SBAR (SBAR (S (NP it )NP (VP has (VP received (NP no offers )NP )VP )VP )S )SBAR and (SBAR that (S (NP its board )NP (VP will (VP review (SBAR whether (S (VP to (VP continue (S (VP *UNKING (NP bids )NP )VP )S )VP )VP )S )SBAR )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP Medical scientists )NP (VP are (VP starting (S (VP to (VP *UNK (NP (NP a handful )NP (PP of (NP (NP genes )NP (SBAR (WHNP which )WHNP (S (PRN , (SBAR if (S (VP damaged )VP )S )SBAR , )PRN (VP *UNK (NP (NP the *UNK growth )NP (PP of (NP cells )NP )PP (SBAR (WHNP that )WHNP (S (VP *UNK (NP cancer )NP )VP )S )SBAR )NP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP say (SBAR (S (NP (NP the discovery )NP (PP of (NP these genes )NP )PP (PP in (NP recent months )NP )PP )NP (VP is (VP painting (NP (NP a (ADJP new and *UNKING )ADJP picture )NP (PP of (SBAR (WHADVP how )WHADVP (S (NP cancer )NP (VP *UNK )VP )S )SBAR )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP An emerging understanding )NP (PP of (NP the genes )NP )PP )NP (VP is (VP expected (S (VP to (VP produce (NP (NP an array )NP (PP of (NP (NP new strategies )NP (PP for (NP future cancer treatment and *UNK )NP )PP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP That )NP (VP is (PP for (NP the future )NP )PP )VP . )S  STOP
(S (ADVP Already )ADVP , (NP scientists )NP (VP are (VP developing (NP (NP tests )NP (VP based (PP on (NP the (ADJP newly identified )ADJP genes )NP )PP )VP (SBAR (WHNP that )WHNP (S , (PP for (NP the first time )NP )PP , (VP can (VP predict (SBAR whether (S (NP an (ADJP otherwise healthy )ADJP individual )NP (VP is (ADJP likely (S (VP to (VP get (NP cancer )NP )VP )VP )S )ADJP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's (NP (NP a *UNKING set )NP (PP of (NP *UNK )NP )PP )NP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a *UNKC *UNKC University researcher )NP (SBAR (WHNP who )WHNP (S (VP has (ADVP just )ADVP (VP found (NP (NP a gene )NP (ADJP *UNK (PP to (NP (NP the *UNKING )NP (PP of (NP *UNK cancer )NP )PP )NP )PP )ADJP )NP )VP )VP )S )SBAR )NP )NP . )SINV  STOP
(S `` (ADVP (NP Only a decade )NP ago )ADVP (NP cancer )NP (VP was (NP (NP a black box )NP (SBAR (WHPP about (WHNP which )WHNP )WHPP (S (NP we )NP (VP knew (NP nothing )NP (PP at (NP the *UNK level )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Today )NP , (NP we )NP (VP know (SBAR that (S (NP (NP the *UNK )NP (PP of (NP (NP several )NP (PP of (NP these *UNKED genes )NP )PP )NP )PP )NP (VP can (VP (VP *UNK (NP a cancer )NP )VP and (PRN , (ADVP then )ADVP , )PRN (VP *UNK (NP it )NP (PP into (NP a *UNKLY state )NP )PP )VP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Scientists )NP (VP call (S (NP (NP the new class )NP (PP of (NP genes )NP )PP )NP (NP (NP *UNK- )NP (PRN , or (ADVP simply )ADVP (NP *UNK- genes )NP )PRN )NP )S )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (VP *UNKING (ADVP normally )ADVP )VP )S )SBAR , (NP they )NP (VP make (NP (NP *UNK )NP (SBAR (WHNP that )WHNP (S (VP hold (NP (NP a cell 's )NP growth )NP (PP in (NP check )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S But (SBAR if (S (NP the genes )NP (VP are (VP damaged (PRN -- (PP perhaps (PP by (NP (NP radiation )NP , (NP a chemical )NP )NP )PP or (PP through (NP (NP a chance accident )NP (PP in (NP cell division )NP )PP )NP )PP )PP -- )PRN )VP )VP )S )SBAR (S (NP their *UNKING *UNK )NP (ADVP no longer )ADVP (VP work )VP )S , and (S (NP (NP cells )NP (PP (ADVP normally )ADVP under (NP control )NP )PP )NP (VP turn (ADJP *UNK )ADJP )VP )S . )S  STOP
(S (NP The (ADJP newly identified )ADJP genes )NP (VP *UNK (PP from (NP (NP a family )NP (PP of (NP (NP genes )NP (VP discovered (PP in (NP the early 1980s )NP )PP )VP )NP )PP (VP called (S (NP *UNK )NP )S )VP )NP )PP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP must (VP be (ADJP present )ADJP (SBAR for (S (NP a cell )NP (VP to (VP become (ADJP *UNK )ADJP )VP )VP )S )SBAR )VP )VP )S , but (S (NP researchers )NP (VP have (VP found (NP them )NP (PP (PP in (NP normal )NP )PP (CONJP as well as )CONJP (PP in (NP *UNK )NP )PP (NX cells )NX )PP , (S (VP suggesting (SBAR that (S (NP *UNK )NP (VP do n't (VP cause (NP cancer )NP (PP by (NP themselves )NP )PP )VP )VP )S )SBAR )VP )S )VP )VP )S . )S  STOP
(S (PP In (NP recent months )NP )PP , (NP researchers )NP (VP have (VP come (S (VP to (VP believe (SBAR (S (S (NP (NP the two types )NP (PP of (NP cancer genes )NP )PP )NP (VP work (PP in (NP *UNK )NP )PP )VP )S : (S (NP An *UNK )NP (VP may (VP turn (S (NP *UNKING cells )NP (ADJP *UNK )ADJP )S (SBAR only after (S (NP the *UNK- gene )NP (VP has (VP been (VP damaged )VP )VP )VP )S )SBAR )VP )VP )S )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (PP Like (NP all genes )NP )PP , (NP *UNK- genes )NP (VP are (VP *UNKED (PP in (NP (NP two copies )NP , (NP (NP one )NP (PP from (NP each parent )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (S (NP *UNKC copy )NP (VP can (VP make (NP (NP the *UNK )NP (VP needed (S (VP to (VP control (NP cell growth )NP )VP )VP )S )VP )NP )VP )VP )S , so (S (SBAR for (S (NP cancer )NP (VP to (VP *UNK )VP )VP )S )SBAR , (NP both copies )NP (VP must (VP be (ADJP *UNKED )ADJP )VP )VP )S . )S  STOP
(S (NP (NP A person )NP (SBAR (SBAR (WHNP who )WHNP (S (VP is (VP born (PP with (NP (NP one *UNK copy )NP (PP of (NP a *UNK gene )NP )PP )NP )PP )VP )VP )S )SBAR , or (SBAR (WHPP in (WHNP whom )WHNP )WHPP (S (NP one copy )NP (VP is (VP damaged (ADVP early (PP in (NP life )NP )PP )ADVP )VP )VP )S )SBAR , )SBAR )NP (VP is (ADJP especially *UNK (PP to (NP cancer )NP )PP )ADJP (SBAR because (S (NP he )NP (VP need (ADVP only )ADVP (S (VP lose (NP the other copy )NP )VP )S (SBAR for (S (NP a cancer )NP (VP to (VP develop )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKING genetic tests )NP (VP will (VP be (ADJP able (S (VP to (VP spot (NP such *UNK- individuals )NP )VP )VP )S )ADJP , (S (VP *UNKING (PRT in )PRT (SBAR (WHNP what )WHNP (S (NP some scientists )NP (VP believe (SBAR (S (VP is (NP (NP a new age )NP (PP of (NP *UNK cancer *UNK )NP )PP )NP )VP )S )SBAR )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(S (NP Bill and *UNKC *UNKC )NP (VP are (PP among (NP (NP the first beneficiaries )NP (PP of (NP the new findings )NP )PP )NP )PP )VP . )S  STOP
(S (NP The (NAC *UNKC , Mass. , )NAC couple )NP (VP knew (SBAR even before (S (NP *UNKC )NP (VP became (ADJP pregnant )ADJP (PP in (NP 1987 )NP )PP )VP )S )SBAR (SBAR that (S (NP (NP any child )NP (PP of (NP *UNK )NP )PP )NP (VP had (NP (NP a (ADJP 50 % )ADJP chance )NP (PP of (S (VP being (PP at (NP (NP risk )NP (PP for (NP (NP *UNK )NP , (NP (NP an eye cancer )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP about once )NP (NP every 20,000 *UNK )NP )VP )S )SBAR )NP )NP )PP )NP )PP )VP )S )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (ADJP (NP 30 years )NP old )ADJP , )NP (VP knew (SBAR (S (NP he )NP (VP carried (NP a damaged gene )NP )VP )S )SBAR , (S (VP having (VP lost (NP an eye )NP (PP to (NP the rare *UNK )NP )PP (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP was (ADJP (NP only two months )NP old )ADJP )VP )S )SBAR -- (SBAR after (S (NP his mother )NP (VP had (VP suffered (NP the same fate )NP (SBAR (WHADVP when )WHADVP (S (NP she )NP (VP was (NP a baby )NP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (PP Because of (NP (NP the *UNK )NP (PP of (NP the *UNK *UNK- gene )NP )PP )NP )PP , (NP (NP it )NP )NP (VP became (ADJP possible )ADJP (NP last January )NP (S (VP to (VP find (PRT out )PRT (SBAR (WHNP what threat )WHNP (S (NP the *UNKC baby )NP (VP faced )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP (NP A test )NP (VP using (NP new `` genetic *UNK '' )NP )VP )NP (VP showed (SBAR that (S (NP little Will *UNKC )NP (VP had not (VP (VP *UNKED (NP a damaged *UNK *UNK gene )NP )VP and (PRN , (ADVP therefore )ADVP , )PRN (VP faced (NP (NP (ADJP no more )ADJP risk )NP (PP than (NP other children )NP )PP (PP of (S (VP developing (NP the rare cancer )NP )VP )S )PP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP It )NP (VP made (NP our New Year )NP )VP )S , '' (VP says )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S (NP This test )NP (VP was (NP (NP the first )NP (SBAR (S (VP to (VP predict (ADVP *UNKLY )ADVP (SBAR whether (S (NP an individual )NP (VP could (VP expect (S (VP to (VP develop (NP cancer )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP *UNKLY important )ADVP , (NP (NP the initial discovery )NP (PP of (NP (NP the gene )NP (SBAR (WHNP that )WHNP (S (VP controls (NP *UNK cell growth )NP )VP )S )SBAR )NP )PP , (VP made (PP by (NP (NP a Boston doctor )NP (VP named (S (NP *UNKC *UNKC )NP )S )VP )NP )PP )VP , )NP (VP has (VP opened (NP (NP a field )NP (PP of (NP cancer study )NP )PP , (SBAR (WHNP which )WHNP (S (PP in (NP recent months )NP )PP (VP has (VP *UNKED )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP turns (PRT out )PRT (SBAR that (S (S (VP studying (NP a (ADJP *UNK but *UNK )ADJP *UNK )NP )VP )S (VP made (S (ADJP possible )ADJP (NP (NP some fundamental *UNK )NP (PP about (NP (NP the (ADJP most basic )ADJP *UNK )NP (PP of (NP cancer )NP )PP )NP )PP )NP )S )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP Samuel *UNKC )NP , (NP (NP director )NP (PP of (NP the National Cancer Institute )NP )PP )NP )NP . )SINV  STOP
(S `` (S (NP All this )NP (VP may not (VP be (ADJP obvious (PP to (NP (NP the public )NP , (SBAR (WHNP which )WHNP (S (VP is (ADJP concerned (PP about (NP (NP advances )NP (PP in (NP treatment )NP )PP )NP )PP )ADJP )VP )S )SBAR )NP )PP )ADJP )VP )VP )S , but (S (NP I )NP (VP am (ADJP convinced (SBAR (S (NP this basic research )NP (VP will (VP begin (S (VP showing (NP results )NP (ADVP there )ADVP (ADVP soon )ADVP )VP )S )VP )VP )S )SBAR )ADJP )VP )S . '' )S  STOP
(S (PP To (NP date )NP )PP , (NP scientists )NP (VP have (VP *UNKED (NP (NP two )NP (PP of (NP these *UNK- )NP )PP )NP )VP )VP . )S  STOP
(S (NP Dr. *UNKC )NP (VP made (NP his *UNK discovery )NP (PP in (NP 1986 )NP )PP )VP . )S  STOP
(S (ADVP Then )ADVP (NP last spring )NP , (NP researchers )NP (VP reported (S (VP finding (NP (NP a gene )NP (VP called (S (NP *UNK )NP )S )VP (SBAR (WHNP which )WHNP (S (PRN , (SBAR if (S (VP *UNKED )VP )S )SBAR , )PRN (VP turns (S (NP healthy *UNK cells )NP (ADJP *UNK )ADJP )S )VP )S )SBAR )NP )VP )S )VP . )S  STOP
(S (PP Soon after (NP that report )NP )PP , (NP two other research teams )NP (VP *UNKED (NP evidence (SBAR that (S (NP the same damaged *UNK gene )NP (VP is (ADJP present (PP in (NP (NP tissue )NP (PP from (NP lung and *UNK *UNK )NP )PP )NP )PP )ADJP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP *UNKC , lung and *UNK *UNK )NP (VP are (NP (NP the (ADJP most common and *UNK )ADJP forms )NP (PP of (NP the disease )NP )PP , (VP (ADVP *UNKLY )ADVP killing (NP (NP (QP almost 200,000 )QP Americans )NP (NP a year )NP )NP )VP )NP )VP . )S  STOP
(S (ADVP Right now )ADVP (NP (NP (QP about a dozen )QP *UNK )NP , (PP in (NP (NP the U.S. )NP , (NP Canada )NP and (NP Britain )NP )NP )PP , )NP (VP are (VP *UNKING (S (VP to (VP *UNK (NP other *UNKED *UNKING genes )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP They )NP (VP have (NP (QP about seven )QP candidates )NP )VP . )S  STOP
(S (NP Researchers )NP (VP say (SBAR (S (NP (NP the *UNK )NP (PP of (NP *UNK- genes )NP )PP , (UCP (ADVP alone )ADVP or (PP in (NP combination )NP )PP )UCP , )NP (VP appears (ADJP crucial (PP to (NP (NP the development )NP (PP of (NP (NP such *UNK )NP (PP as (NP (NP cancer )NP (PP of (NP (NP the brain )NP , (NP the *UNK )NP , (NP *UNK )NP , (NP *UNK )NP , and (NP *UNK )NP )NP )PP )NP )PP )NP )PP )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP There )NP (VP is (NP evidence (SBAR that (S (SBAR if (S (NP people )NP (VP *UNK (NP (NP *UNK versions )NP (PP of (NP these genes )NP )PP )NP )VP )S )SBAR , (NP they )NP (VP are (ADJP especially *UNK (PP to (NP cancer )NP )PP )ADJP , (S (ADVP perhaps )ADVP (VP explaining , (ADVP finally )ADVP , (SBAR (WHADVP why )WHADVP (S (NP some *UNK )NP (VP seem (S (VP to (VP *UNK (NP certain families )NP )VP )VP )S )VP )S )SBAR )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP The story )NP (PP of (NP *UNK- genes )NP )PP )NP (VP goes (ADVP back (PP to (NP (NP the 1970s )NP , (SBAR (WHADVP when )WHADVP (S (NP (NP a *UNK )NP (VP named (S (NP Alfred G. *UNKC Jr. )NP )S )VP )NP (VP proposed (SBAR that (S (NP *UNK )NP (VP stemmed (PP from (NP two separate genetic defects )NP )PP )VP )S )SBAR )VP )S )SBAR )NP )PP )ADVP )VP . )S  STOP
(S (NP He )NP (VP *UNKED (SBAR that (S (PP in (NP the eye cancer )NP )PP , (NP an *UNK )NP (VP (VP *UNKED (NP (NP a damaged copy )NP (PP of (NP a gene )NP )PP )NP (PP from (NP one parent )NP )PP )VP and (VP (NP a normal copy )NP (PP from (NP the other )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The tumor )NP (PRN , (S (NP he )NP (VP suggested )VP )S , )PRN (VP developed (SBAR (WHADVP when )WHADVP (S (NP the second , normal copy )NP (ADVP also )ADVP (VP was (VP damaged )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP there )NP (VP was (NP (NP no way )NP (SBAR (S (VP to (VP prove (NP (NP Dr. *UNKC 's )NP `` *UNK- '' theory )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP Back then )ADVP , (S (NP scientists )NP (VP had (NP (NP no way )NP (PP of (S (VP *UNKING (PRT out )PRT (NP specific genes )NP )VP )S )PP )NP )VP )S , but (S (PP under (NP a *UNK )NP )PP (NP they )NP (VP could (VP see (NP (NP the 23 *UNK )NP (PP of (NP *UNK )NP )PP (PP in (NP (NP the cells )NP (SBAR (WHNP that )WHNP (S (VP contain (NP the genes )NP )VP )S )SBAR )NP )PP )NP )VP )VP )S . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP gross *UNK damage )NP (VP was (ADJP visible )ADJP )VP . )S  STOP
(S (NP Dr. *UNKC )NP (VP found (SBAR that (S (NP (NP some children )NP (PP with (NP the eye cancer )NP )PP )NP (VP had (VP *UNKED (NP (NP a damaged copy )NP (PP of (NP chromosome No. 13 )NP )PP )NP (PP from (NP (NP a parent )NP (SBAR (WHNP who )WHNP (S (VP had (VP had (NP the disease )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Under (NP a *UNK )NP )PP (NP he )NP (VP could (ADVP actually )ADVP (VP see (SBAR that (S (NP (NP a bit )NP (PP of (NP chromosome 13 )NP )PP )NP (VP was (ADJP missing )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP He )NP (VP assumed (SBAR (S (NP the missing piece )NP (VP contained (NP (NP (NP a gene )NP or (NP genes )NP )NP (SBAR (WHNP whose loss )WHNP (S (VP had (NP (NP a critical role )NP (PP in (S (VP setting (PRT off )PRT (NP the cancer )NP )VP )S )PP )NP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S But (NP he )NP (VP did n't (VP know (SBAR (WHNP which gene or genes )WHNP (S (VP had (VP *UNKED )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP Then )ADVP , (NP (NP a scientific team )NP (VP led (PP by (NP (NP *UNK *UNK Webster *UNKC )NP (PRN , (ADVP then )ADVP (PP at (NP (NP the University )NP (PP of (NP Utah )NP )PP )NP )PP , )PRN )NP )PP )VP )NP (VP found (NP the answer )NP )VP . )S  STOP
(S (NP The team )NP (VP used (NP (NP a *UNK )NP (PP of (NP (NP the (ADJP newly developed )ADJP `` gene *UNK )NP , '' (NP (NP *UNK )NP (PP of (NP genetic material )NP )PP (SBAR (WHNP that )WHNP (S (VP can (VP track (NP (NP a gene 's )NP presence )NP (PP in (NP a cell )NP )PP )VP )VP )S )SBAR )NP )NP )PP )NP )VP . )S  STOP
(S (PP By (S (VP *UNKING (NP (NP cells )NP (VP *UNKED (PP from (NP eye *UNK )NP )PP )VP )NP )VP )S )PP , (NP they )NP (VP found (NP (NP defects )NP (PP in (NP (NP the second copy )NP (PP of (NP chromosome 13 )NP )PP )NP )PP )NP (PP in (NP (NP the *UNK area )NP (PP as (PP in (NP (NP the first copy )NP (PP of (NP the chromosome )NP )PP )NP )PP )PP )NP )PP )VP . )S  STOP
(S (NP The finding )NP (VP *UNKED (NP medicine )NP )VP . )S  STOP
(S (NP It )NP (VP was (NP (NP the first time )NP (SBAR (S (NP anyone )NP (VP had (VP showed (SBAR that (S (NP (NP the loss )NP (PP of (NP (NP both copies )NP (PP of (NP the same gene )NP )PP )NP )PP )NP (VP could (VP lead (PP to (NP (NP the *UNK )NP (PP of (NP a cancer )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP was (ADJP *UNKLY *UNKING )ADJP )VP )S , '' (VP says )VP (NP (NP Dr. *UNKC )NP (PRN , (ADVP now )ADVP (PP at (NP (NP Fox Chase Cancer Research Center )NP (PP in (NP Philadelphia )NP )PP )NP )PP )PRN )NP . )SINV  STOP
(S `` (NP I )NP (VP was (ADJP convinced (SBAR that (S (SBAR (WHNP what )WHNP (S (VP was (ADJP true (PP of (NP *UNK )NP )PP )ADJP )VP )S )SBAR (VP would (VP be (ADJP true (PP for (NP all *UNK )NP )PP )ADJP )VP )VP )S )SBAR )ADJP )VP . '' )S  STOP
(S (NP It )NP (VP was (NP an *UNK claim )NP )VP . )S  STOP
(S But (PP in (NP Baltimore )NP )PP , (NP (NP Dr. *UNKC )NP , (NP (NP a young *UNK *UNK )NP (PP at (NP *UNKC *UNKC Medical School )NP )PP )NP , )NP (VP (VP believed (SBAR (S (NP Dr. *UNKC )NP (VP was (ADJP right )ADJP )VP )S )SBAR )VP , and (VP set (PRT out )PRT (S (VP to (VP *UNK (NP the *UNKC experiment )NP (PP in (NP (NP cells )NP (PP from (NP other cancers )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP His )NP (VP was (NP (NP one )NP (PP of (NP two research teams )NP )PP (PP in (NP 1984 )NP )PP (SBAR (S (VP to (VP report (NP dual chromosome losses )NP (PP for (NP (NP a rare *UNK cancer )NP (PP of (NP the *UNK )NP )PP (VP called (S (NP (NP *UNKC 's )NP tumor )NP )S )VP )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Dr. *UNKC )NP (ADVP next )ADVP (VP turned (NP his attention )NP (PP to (NP (NP colon cancer )NP , (NP (NP the (ADJP second biggest )ADJP cancer *UNK )NP (PP in (NP the U.S. )NP )PP (PP after (NP lung cancer )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP He )NP (VP believed (SBAR (S (NP colon cancer )NP (VP might (ADVP also )ADVP (VP *UNK (PP from (NP (NP multiple `` hits '' )NP (PP on (NP cancer *UNK genes )NP )PP )NP )PP , (SBAR because (S (NP it )NP (ADVP often )ADVP (VP seems (S (VP to (VP develop (PP in (NP stages )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (ADVP often )ADVP (VP is (VP *UNKED (PP by (NP (NP the development )NP (PP of (NP (NP *UNK )NP (PP in (NP the *UNK )NP )PP , (SBAR (WHNP which )WHNP (S (PP in (NP some cases )NP )PP (VP become (ADJP increasingly *UNK )ADJP (PP in (NP *UNK stages )NP )PP (PRN -- (S (VP *UNKING (PP from (ADJP less severe )ADJP )PP (PP to (ADJP *UNKLY )ADJP )PP )VP )S -- )PRN (SBAR as though (S (NP (NP a *UNK )NP (PP of (NP genetic damage )NP )PP )NP (VP might (VP be (VP *UNKING )VP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Dr. *UNKC )NP and (NP (NP a *UNK student )NP , (NP *UNKC *UNKC )NP , )NP )NP (VP began (NP (NP months )NP (PP of (NP (NP (ADJP (ADJP *UNK )ADJP and (ADJP often *UNKING )ADJP )ADJP *UNKING )NP (PP of (NP the *UNK )NP )PP )NP )PP )NP (S (VP *UNKING (PP for (NP (NP signs )NP (PP of (NP genetic damage )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (NP They )NP (VP began (S (VP *UNKING (NP (NP a *UNKING variety )NP (PP of (NP (NP genetic *UNK )NP , (NP (NP (NP some )NP (VP existing (ADVP only )ADVP (PP in (NP *UNK *UNK )NP )PP )VP )NP , (NP (NP others )NP (PP in (NP *UNK cells )NP )PP )NP and (NP (NP many )NP (PP in (NP both (NP *UNK )NP and (NP *UNK cells )NP )NP )PP )NP )NP )NP )PP )NP )VP )S )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP (NP a *UNK picture )NP (PP of (NP cancer development )NP )PP )NP (VP emerged )VP . )S  STOP
(S (SBAR If (S (NP (NP both copies )NP (PP of (NP a certain gene )NP )PP )NP (VP were (VP knocked (PRT out )PRT )VP )VP )S )SBAR , (NP *UNK *UNK )NP (VP would (VP develop )VP )VP . )S  STOP
(S (SBAR If (S (NP (NP both copies )NP (PP of (NP a second gene )NP )PP )NP (VP were (ADVP then )ADVP (VP *UNKED )VP )VP )S )SBAR , (NP the *UNK )NP (VP would (VP progress (PP to (NP *UNK )NP )PP )VP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP was (ADJP clear )ADJP (SBAR that (S (NP (QP more than one )QP gene )NP (VP had (S (VP to (VP be (VP damaged )VP )VP )VP )S (SBAR for (S (NP colon cancer )NP (VP to (VP develop )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Their report )NP (VP *UNKED (NP other *UNK *UNK )NP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP was (NP (NP the *UNKING evidence )NP (SBAR (S (NP (NP we )NP (NP all )NP )NP (VP needed )VP )S )SBAR (SBAR that (S (NP -LCB- gene -RCB- losses )NP (VP were (ADJP critical (PP to (NP (NP the development )NP (PP of (NP a common tumor )NP )PP )NP )PP )ADJP )VP )S )SBAR )NP )VP )S , '' (VP says )VP (NP (NP *UNKC White )NP (PP at (NP (NP Howard Hughes Medical Institute )NP (PP in (NP *UNKC Lake City )NP )PP )NP )PP )NP . )SINV  STOP
(S But (NP Dr. *UNKC )NP (VP had (ADVP yet )ADVP (S (VP to (VP *UNK (NP (NP the *UNK )NP (PP of (NP (NP the gene )NP (SBAR (WHNP that )WHNP (S (PRN , (SBAR if (S (VP damaged )VP )S )SBAR , )PRN (VP *UNKED (NP a colon cell )NP (PP into (NP *UNK- *UNK )NP )PP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP They )NP (VP focused (PP on (NP chromosome 17 )NP )PP )VP . )S  STOP
(S (PP For (NP months )NP )PP (NP the Johns *UNKC researchers )NP , (S (VP using (NP gene *UNK )NP )VP )S , (VP (ADVP *UNKLY )ADVP *UNKED (PP down (NP (NP the length )NP (PP of (NP chromosome 17 )NP )PP )NP )PP , (S (VP looking (PP for (NP (NP the *UNK common bit )NP (PP of (NP genetic material )NP )PP (VP lost (PP in (NP all tumor cells )NP )PP )VP )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP Such a piece )NP (PP of (NP *UNKC )NP )PP )NP (VP would (ADVP probably )ADVP (VP constitute (NP a gene )NP )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP they )NP (VP found (NP it )NP (NP last winter )NP )VP )S )SBAR , (NP Dr. Vogelstein )NP (VP was (ADJP *UNK (SBAR that (S (NP the search )NP (VP was (ADVP over )ADVP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP His doubts )NP (VP stemmed (PP from (NP the fact (SBAR that (S (ADVP (NP several years )NP earlier )ADVP (NP (NP a *UNKC University researcher )NP , (NP Arnold Levine )NP , )NP (VP had (VP found (PP in (NP (NP experiments )NP (PP with (NP *UNK )NP )PP )NP )PP (SBAR that (S (NP (NP a gene )NP (VP called (S (NP p53 )NP )S )VP )NP (VP could (VP transform (NP normal cells )NP (PP into (NP *UNK ones )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP The *UNK )NP (SBAR (S (NP Dr. Vogelstein )NP (VP found )VP )S )SBAR )NP (VP was (PP in (NP (NP exactly the same spot )NP (PP as (NP p53 )NP )PP )NP )PP )VP . )S  STOP
(S But (NP Mr. Levine )NP (VP had (VP said (SBAR (S (NP the p53 gene )NP (VP caused (NP cancer )NP (PP by (S (VP promoting (NP growth )NP )VP )S )PP , (SBAR *UNK (S (NP the Johns *UNKC scientists )NP (VP were (VP looking (PP for (NP (NP a gene )NP (SBAR (WHNP that )WHNP (S (VP *UNKED (NP growth )NP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (S (PP Despite (NP that )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP the Johns *UNKC scientists )NP (VP compared (NP (NP the gene )NP (SBAR (S (NP they )NP (VP had (VP found (PP in (NP the human cancer cells )NP )PP )VP )VP )S )SBAR )NP (PP with (NP (NP the Mr. Levine 's )NP p53 gene )NP )PP )VP )S )SBAR (NP they )NP (VP found (SBAR (S (NP the two )NP (VP were (ADJP *UNK )ADJP )VP )S )SBAR )VP )S ; (S (NP it )NP (VP turned (PRT out )PRT (SBAR that (S (PP in (NP (NP Mr. Levine 's )NP cancer studies )NP )PP , (NP he )NP (VP had (ADVP *UNKLY )ADVP (VP been (VP *UNKING (NP (NP a damaged form )NP (PP of (NP (NP p53 )NP -- (NP a *UNKING gene )NP )NP )PP )NP )VP )VP )VP )S )SBAR )VP )S . )S  STOP
(SINV (S (NP The discovery )NP `` (VP (ADVP suddenly )ADVP puts (NP an *UNK gene )NP (PP (ADVP right )ADVP in (NP (NP the *UNK )NP (PP of (NP cancer formation )NP )PP )NP )PP )VP )S , '' (VP says )VP (NP (NP Robert *UNKC )NP , (NP (NP a leader )NP (PP in (NP *UNK- research )NP )PP (PP at (NP (NP *UNKC Institute )NP (PP in (NP (NP Cambridge )NP , (NP Mass )NP )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP *UNKC )NP (ADVP now )ADVP (VP is (VP emerging (SBAR that (S (NP the p53 *UNK gene )NP (VP is (ADJP involved (PP in (NP other cancers )NP )PP )ADJP , (ADVP too )ADVP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Researchers )NP (PP in (NP (NP *UNKC )NP , (NP *UNKC )NP , )NP )PP )NP (VP have (VP found (SBAR that (S (PP in (NP (QP 23 of 38 )QP *UNK *UNK )NP )PP , (NP (NP one copy )NP (PP of (NP chromosome 17 )NP )PP )NP (VP was (VP *UNKED (PP at (NP (NP the spot )NP (SBAR (WHADVP where )WHADVP (S (NP gene p53 )NP (VP lies )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The scientists )NP (VP say (SBAR that (S (SBAR since (S (NP *UNK cancer )NP (ADVP often )ADVP (VP strikes (NP (NP multiple members )NP (PP of (NP certain families )NP )PP )NP )VP )S )SBAR , (NP (NP the gene )NP , (SBAR (WHADVP when )WHADVP (S (VP *UNKED (PP in (NP a damaged form )NP )PP )VP )S )SBAR , )NP (VP may (VP *UNK (NP women )NP (PP to (NP the cancer )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The p53 gene )NP (VP has (ADVP just )ADVP (VP been (VP *UNKED (PP in (NP lung cancer )NP )PP )VP )VP )VP . )S  STOP
(S (PP In (NP (NP a report )NP (ADVP out )ADVP (NP last week )NP )NP )PP , (NP (NP (NP John *UNKC )NP and (NP colleagues )NP )NP (PP at (NP the National Cancer Institute )NP )PP )NP (VP say (SBAR that (S (NP (NP (QP about half )QP the cells )NP (VP taken (PP from (NP (NP lung cancer tissue )NP (SBAR (S (NP they )NP (VP tested )VP )S )SBAR )NP )PP )VP )NP (VP are (VP missing (NP this gene )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP There )NP (ADVP also )ADVP (VP are (NP (NP reports )NP (PP from (NP several *UNK )NP )PP , (VP (ADVP as yet )ADVP *UNKED )VP , (PP of (NP (NP missing p53 genes )NP (PP in (NP (NP tissue )NP (VP taken (PP from (NP kidney , brain and *UNK cancers )NP )PP )VP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP At (NP the same time )NP )PP , (NP the Johns Hopkins team and others )NP (VP are (VP rushing (S (VP to (VP *UNK (NP other *UNK- genes )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Dr. Vogelstein )NP (VP hopes (S (ADVP soon )ADVP (VP to (VP *UNK (NP one )NP (PP on (NP (NP chromosome 18 )NP (PRN , (ADVP also )ADVP (ADJP involved (PP in (NP colon cancer )NP )PP )ADJP )PRN )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP (NP Ray White )NP (PP in (NP Utah )NP )PP )NP and (NP (NP Walter *UNKC )NP , (NP (NP a researcher )NP (PP in (NP Great Britain )NP )PP )NP , )NP )NP (VP are (ADVP close (PP to (S (VP finding (NP (NP (NP another gene )NP (ADJP involved (PP with (NP (NP some types )NP (PP of (NP colon cancer )NP )PP )NP )PP )ADJP , (VP thought (S (VP to (VP be (PP on (NP chromosome 5 )NP )PP )VP )VP )S )VP )NP )NP )VP )S )PP )ADVP )VP . )S  STOP
(S (NP Dr. *UNKC )NP (VP believes (SBAR (S (NP (NP people )NP (SBAR (WHNP who )WHNP (S (VP *UNK (NP (NP a defective gene )NP (PP somewhere on (NP (NP one )NP (PP of (NP (NP their two copies )NP (PP of (NP chromosome 3 )NP )PP )NP )PP )NP )PP )NP )VP )S )SBAR )NP (VP are (ADJP especially *UNK (PP to (NP lung cancer )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Recently )ADVP , (NP (NP he )NP and (NP others )NP )NP (VP reported (SBAR that (S (NP the retinoblastoma *UNK gene )NP (VP may (ADVP also )ADVP (VP be (ADJP involved (PP in (NP (NP some lung cancers )NP , (CONJP as well as )CONJP (NP several other (ADJP more common )ADJP cancers )NP )NP )PP )ADJP , (ADVP too )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR (WHADVP Where )WHADVP (S (NP these *UNK )NP (VP will (VP lead )VP )VP )S )SBAR , (NP scientists )NP (VP can (ADVP only )ADVP (VP *UNK )VP )VP . )S  STOP
(S (ADVP Already )ADVP (NP (NP two major pharmaceutical companies )NP , (NP (NP (NP the Squibb unit )NP (PP of (NP *UNKC Squibb Co. )NP )PP )NP and (NP *UNKC *UNKC Inc. )NP )NP , )NP (VP are (VP *UNKING (PP with (NP gene *UNK )NP )PP (S (VP to (VP turn (NP (NP the anticipated *UNK )NP (PP of (NP *UNK )NP )PP )NP (PP into (NP (NP *UNK tests )NP and (PRN , (ADVP maybe )ADVP , )PRN (NP new *UNK )NP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP Some researchers )NP (VP say (SBAR (S (NP (NP new cancer drugs )NP (SBAR (S (VP to (VP slow or reverse (NP tumor growth )NP )VP )VP )S )SBAR )NP (VP may (VP be (VP based (PP on (NP (NP the *UNK proteins )NP (VP (ADVP normally )ADVP produced (PP by (NP the genes )NP )PP )VP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The idea )NP (VP would (VP be (S (VP to (VP *UNK (PP to (NP patients )NP )PP (NP (NP the *UNKING proteins )NP (VP made (PP by (NP (NP healthy versions )NP (PP of (NP the damaged genes )NP )PP )NP )PP )VP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP may (ADVP even )ADVP (VP be (ADJP possible )ADJP (S (VP to (VP replace (NP defective genes )NP (PP with (NP healthy versions )NP )PP )VP )VP )S , (SBAR though (S (NP no one )NP (VP has (VP come (ADVP close (S (VP to (VP doing (NP that )NP )VP )VP )S )ADVP (ADVP so far )ADVP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP any case )NP )PP (PRN , (SINV (VP says )VP (NP (NP Dr. *UNKC )NP (PP of (NP the National Cancer Institute )NP )PP )NP )SINV , `` )PRN (NP We )NP (VP 're (VP *UNKING (NP (NP the discovery )NP (PP of (NP (NP one )NP (PP of (NP (NP the (ADJP most important )ADJP steps )NP (PP in (NP (NP the *UNK )NP (PP of (NP cancer )NP )PP )NP )PP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP Many investors )NP (VP give (NP Michael Foods )NP (NP (NP (ADJP about as much )ADJP chance )NP (PP of (S (VP getting (NP it )NP (ADVP together )ADVP )VP )S )PP (PP as (NP *UNKC *UNKC )NP )PP )NP )VP . )S  STOP
(S But (ADVP now )ADVP (ADVP at least )ADVP (NP there )NP (VP 's (NP (NP a *UNK )NP (PP of (NP (NP hope )NP (PP for (NP the stock )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Burger King )NP , (SBAR (WHNP which )WHNP (S (VP breaks (NP (NP thousands )NP (PP of (NP fresh eggs )NP )PP )NP (NP each morning )NP )VP )S )SBAR , )NP (VP is (VP (ADVP quietly )ADVP *UNKING (PRT over )PRT (PP to (NP (NP an alternative egg product )NP (VP made (PP by (NP Michael Foods )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (S (VP *UNKC (PP as (NP *UNKC *UNKC )NP )PP )VP )S , (NP the product )NP (VP has (VP disappointed (NP investors )NP )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP the company )NP (NP this month )NP (VP announced (NP (NP *UNK- sales )NP (PP of (NP *UNKC *UNKC )NP )PP )NP )VP )S )SBAR , (NP the stock )NP (VP dropped (NP (QP nearly 19 )QP % )NP )VP . )S  STOP
(S (S (NP Michael )NP (VP wo n't (VP confirm (NP (NP the *UNK )NP (PP of (NP any *UNKC Egg customers )NP )PP )NP )VP )VP )S , nor (SINV will (NP it )NP (VP say (NP (NP much )NP (PP of (NP anything else )NP )PP )NP )VP )SINV . )S  STOP
(S (NP (NP Two Minneapolis shareholder suits )NP (PP in (NP the past month )NP )PP )NP (VP have (VP accused (NP top officers )NP (PP of (S (VP making `` (NP various *UNK statements )NP )VP )S )PP )VP )VP . '' )S  STOP
(S (NP These *UNK- suits )NP (VP *UNK (NP the officers )NP (PP of (S (VP failing (S (VP to (VP disclose (SBAR that (S (NP *UNKC *UNKC )NP (VP were (ADJP unlikely (S (VP to (VP sell (ADVP *UNKLY enough (S (VP to (VP justify (NP (NP all )NP (PP of (NP (NP Michael 's )NP production capacity )NP )PP )NP )VP )VP )S )ADVP )VP )VP )S )ADJP )VP )S )SBAR )VP )VP )S )VP )S )PP )VP . )S  STOP
(S But (ADVP at least )ADVP (NP Burger King )NP (VP (VP has (VP signed (PRT on )PRT )VP )VP , and (VP says (SBAR that (S (PP by (NP year end )NP )PP (NP it )NP (VP wo n't (VP be (VP using (NP any *UNK eggs )NP )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP The Miami fast-food chain )NP , (VP owned (PP by (NP (NP Grand Metropolitan )NP (PP of (NP Britain )NP )PP )NP )PP )VP , )NP (VP expects (S (VP to (VP *UNK (NP (NP (QP roughly 34 million )QP pounds )NP (PP of (NP *UNKED eggs )NP )PP )NP (ADVP annually )ADVP )VP )VP )S )VP . )S  STOP
(S So (NP there )NP (VP is (NP (NP reason )NP (SBAR (S (VP to (VP believe (SBAR that (S (NP (NP (NP Michael 's )NP hopes )NP (PP for (NP a *UNK- , *UNK- egg )NP )PP )NP (VP were n't (NP all *UNK )NP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP . )S  STOP
(S -LRB- (NP *UNKC *UNKC )NP (VP are (VP *UNKED (PP in (NP a *UNKING process )NP )PP )VP )VP . -RRB- )S  STOP
(S (ADVP Still )ADVP , (NP caution )NP (VP is (ADJP *UNK )ADJP )VP . )S  STOP
(S (NP A company official )NP (VP says (SBAR (S (NP (NP (NP Michael 's )NP *UNK- volume )NP (PP on (NP *UNKC *UNKC )NP )PP )NP (VP is (NP (NP (NP (QP around 60 million )QP pounds )NP (NP a year )NP )NP (PRN -- (ADVP apparently )ADVP (UCP (PP (ADVP well )ADVP above (NP current shipments )NP )PP and (NP (NP a far *UNK )NP (PP from (SBAR (WHNP what )WHNP (S (NP the company )NP (ADVP once )ADVP (VP suggested (SBAR (S (VP was (NP (NP a *UNK- market )NP (VP waiting (PP for (NP such a product )NP )PP )VP )NP )VP )S )SBAR )VP )S )SBAR )PP )NP )UCP )PRN )NP )VP )S )SBAR )VP . )S  STOP
(S (S (ADVP Perhaps )ADVP (VP to (VP *UNK (NP (NP (NP the analysts ' )NP talk )NP (PP of (NP *UNK- )NP )PP )NP )VP )VP )S , (NP Michael )NP (NP today )NP (VP will (VP take (NP (NP some )NP (PP of (NP the *UNK )NP )PP )NP (PP on (NP (NP a *UNK )NP (PP of (NP its new (NAC *UNKC , *UNKC , )NAC plant )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP There )NP (VP has (VP been (NP (NP no announcement )NP (PP of (NP the Burger King arrangement )NP )PP (PP by (NP either party )NP )PP )NP , (ADVP possibly )ADVP (PP for (NP fear (SBAR that (S (NP (NP McDonald 's )NP and (NP other fast-food rivals )NP )NP (VP would (VP seize (PP on (NP it )NP )PP (PP in (NP *UNK advertising )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S But (NP Burger King operators )NP (ADVP *UNKLY )ADVP (VP confirm (S (VP using (NP (NP Michael 's )NP product )NP )VP )S )VP . )S  STOP
(S (NP Other institutional users )NP (ADVP reportedly )ADVP (VP include (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP is (VP moving (ADVP away (PP from (NP fresh eggs )NP )PP )ADVP (PP on (NP a *UNK- basis )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP (NP The extent )NP (PP of (NP (NP *UNKC 's )NP use )NP )PP )NP (VP is n't (ADJP known )ADJP )VP )S , and (S (NP *UNKC officials )NP (VP could n't (VP be (VP reached (PP for (NP comment )NP )PP )VP )VP )VP )S . )S  STOP
(S (NP Michael Foods )NP (VP has (VP attracted (NP (NP (ADJP a good many )ADJP *UNK- )NP , (NP (NP the people )NP (SBAR (WHNP who )WHNP (S (VP sell (NP borrowed shares )NP (PP in (NP a bet (SBAR that (S (NP a stock price )NP (VP will (VP (VP drop )VP and (VP allow (NP (NP the return )NP (PP of (NP cheaper shares )NP )PP (PP to (NP the *UNK )NP )PP )NP )VP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )NP )NP )VP )VP . )S  STOP
(S (NP Many analysts )NP (VP question (NP (NP management 's )NP credibility )NP )VP . )S  STOP
(SINV `` (S (NP The stock )NP , (PP in (NP my opinion )NP )PP , (VP is (VP going (S (VP to (VP go (ADVP lower )ADVP )VP )VP )S , (UCP (CONJP not only )CONJP (PP because of (NP disappointing earnings )NP )PP but (SBAR -LCB- because -RCB- (S (NP the credibility gap )NP (VP is (ADVP certainly )ADVP not (VP closing )VP )VP )S )SBAR )UCP )VP )VP )S , '' (VP says )VP (NP (NP L. Craig *UNKC )NP (PP of (NP *UNKC *UNKC )NP )PP )NP . )SINV  STOP
(S (NP Mr. *UNKC )NP (VP says (SBAR that (S (PP at (NP (NP a recent *UNKED conference )NP (PP in (NP New York )NP )PP )NP )PP , (NP he )NP (VP asked (NP (NP Michael 's )NP chief executive officer )NP (SBAR if (S (NP the fourth quarter )NP (VP would (VP be (ADVP down )ADVP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The *UNKC )NP , (NP Richard G. *UNKC )NP , )NP (VP (VP *UNKED `` (NP yes )NP , '' )VP but (VP would n't (VP elaborate )VP )VP )VP . )S  STOP
(S -LRB- (NP The company )NP (VP did n't (VP put (PRT out )PRT (NP a public announcement )NP )VP )VP . )S  STOP
(S (NP A spokesman )NP (VP said (ADVP later )ADVP (SBAR that (S (NP Mr. *UNKC )NP (VP was (VP being (ADJP `` conservative '' (PP in (NP his estimate )NP )PP )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP the spokesman )NP (VP added (SBAR that (S (SBAR while (S (NP Michael )NP (VP will (VP earn (NP (NP less )NP (PP than (NP (NP (NP last year 's )NP $ *UNKN )NP (NP a share )NP )NP )PP )NP )VP )VP )S )SBAR , (NP it )NP (VP thinks (SBAR (S (NP (NP Street estimates )NP (PP of (NP $ 1 (QP or so )QP )NP )PP )NP (VP are (ADJP low )ADJP )VP )S )SBAR )VP )S )SBAR )VP . -RRB- )S  STOP
(S (NP (NP *UNKC *UNKC Young )NP (PP of (NP (NP John *UNKC & Co. )NP , (NP Minneapolis )NP , )NP )PP )NP (VP calls (S (NP himself )NP `` (NP (NP the last remaining *UNK )NP (PP on (NP the stock )NP )PP )NP )S )VP . '' )S  STOP
(S (S (NP He )NP (VP argues (SBAR that (S (NP Michael Foods )NP (VP is (ADJP *UNK )ADJP )VP )S )SBAR )VP )S : `` (S (NP This )NP (VP is (NP (NP (NP a growth company )NP (PP in (NP the *UNKED food industry )NP )PP )NP -- (NP (NP a rare *UNKED )NP , (PP like (S (VP finding (NP a white *UNK )NP )VP )S )PP )NP )NP )VP )S . '' )S  STOP
(S (NP Earnings )NP (VP are n't (VP keeping (NP pace )NP (PRN , (S (NP he )NP (VP says )VP )S , )PRN (PP because of (NP (NP (NP heavy investments )NP (PP in (NP the egg technologies )NP )PP )NP and (NP (NP *UNKED costs )NP (PP in (NP its *UNK business )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP , (ADVP however )ADVP , (VP believes (SBAR (S (NP (NP the company 's )NP egg product )NP (VP wo n't (VP help (NP the bottom line )NP (PP in (NP the short run )NP )PP , (SBAR even though (S (S (NP it )NP `` (VP makes (NP sense )NP )VP )S -- (S (NP it )NP (VP (VP 's (ADJP more *UNK )ADJP )VP '' and (VP *UNK (NP (NP its price )NP , (SBAR (WHNP which )WHNP (S (VP is (ADJP (ADJP higher )ADJP (PP than (NP *UNK eggs )NP )PP )ADJP , (PP because of (NP health and *UNK concerns )NP )PP )VP )S )SBAR )NP )VP )VP )S )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC competition )NP (VP is (NP one problem )NP )VP . )S  STOP
(S (NP Last week )NP (NP (NP a (ADJP closely held )ADJP New Jersey concern )NP , (NP *UNKC *UNKC Egg Products Co. )NP , )NP (VP rolled (PRT out )PRT (NP (NP an (ADJP *UNKLY *UNKED )ADJP *UNKED item )NP (VP called (S (NP *UNKC *UNKC )NP )S )VP )NP )VP . )S  STOP
(S (NP Company President Steve *UNKC )NP (VP says (SBAR (S (NP *UNKC )NP (VP will (VP be (PP among (NP his clients )NP )PP (ADVP as well )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Michael shares )NP (VP closed (PP at (NP (QP 13 3\/4 )QP )NP )PP (NP yesterday )NP (PP in (NP national over-the-counter trading )NP )PP )VP . )S  STOP
(SINV (VP Says )VP (NP (ADJP New York-based )ADJP short seller Mark *UNKC )NP , `` (S (PP In (NP my mind )NP )PP (NP this )NP (VP is (NP a (ADJP $ 7 )ADJP stock )NP )VP )S . '' )SINV  STOP
(S (NP Michael )NP (NP late yesterday )NP (VP announced (NP a (ADJP (QP $ 3.8 million )QP )ADJP stock buy-back program )NP )VP . )S  STOP
(S (NP (NP Michael )NP , (SBAR (WHNP which )WHNP (S (ADVP also )ADVP (VP processes (NP *UNK )NP )VP )S )SBAR , )NP (ADVP still )ADVP (VP *UNK (PP on (NP *UNK )NP )PP (PP for (NP (NP (NP (QP about a fourth )QP )NP (PP of (NP its sales )NP )PP )NP and (NP (QP nearly half )QP its pretax profit )NP )NP )PP )VP . )S  STOP
(S But (NP (NP *UNK growing conditions )NP (PP in (NP (NP the Red River Valley )NP (PP of (NP (NP Minnesota )NP and (NP North *UNKC )NP )NP )PP )NP )PP )NP (VP are (VP pushing (NP (NP spot prices )NP (PP of (NP *UNK )NP )PP )NP (PP beyond (SBAR (WHNP what )WHNP (S (NP Michael )NP (VP contracted (S (VP to (VP pay (NP last spring )NP )VP )VP )S )VP )S )SBAR )PP )VP )VP . )S  STOP
(S (NP Company lawyers )NP (ADVP recently )ADVP (VP sent (NP letters )NP (PP to (NP growers )NP )PP (S (VP saying (SBAR that (S (NP Michael )NP `` (VP would (VP take (ADVP very seriously )ADVP (NP any effort ... (S (VP to (VP *UNK (NP its *UNK- *UNK )NP (PP to (NP other outlets )NP )PP )VP )VP )S )NP )VP )VP )S )SBAR )VP )S )VP . '' )S  STOP
(S (ADVP Still )ADVP , (NP analysts )NP (VP believe (SBAR that (S (NP (NP profit margins )NP (PP in (NP the *UNK business )NP )PP )NP (VP will (VP be (ADVP down )ADVP (ADVP again )ADVP (NP this year )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP *UNKC *UNKC )NP , (NP (NP a Canadian newspaper publisher )NP (ADJP *UNK- (PP in (NP the U.S. )NP )PP )ADJP )NP , )NP (VP figures (S (VP to (VP become (NP (NP a big player )NP (PP in (NP North American printing )NP )PP )NP )VP )VP )S )VP )S -- and (S (NP his *UNK )NP (VP do n't (VP end (ADVP there )ADVP )VP )VP )S . )S  STOP
(S (NP Yesterday )NP , (NP (NP Quebecor Inc. )NP , (NP (NP a Montreal (UCP printing , publishing and forest-products )UCP company )NP (ADJP *UNKED (PP by (NP Mr. Peladeau )NP )PP )ADJP )NP , )NP (VP agreed (S (VP to (VP acquire (NP (NP (NP Maxwell Communication Corp. 's )NP U.S. printing subsidiary )NP , (NP Maxwell Graphics Inc. )NP , )NP (PP for (NP (NP (QP $ 500 million )QP )NP (PP in (NP cash and securities )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP The purchase )NP , (VP expected (S (VP to (VP be (VP completed (PP by (NP year end )NP )PP )VP )VP )VP )S )VP , )NP (VP will (VP make (S (NP Quebecor )NP (NP (NP the second-largest commercial *UNK )NP (PP in (NP North America )NP )PP , (PP behind (ADVP only )ADVP (NP (NP *UNKC *UNKC & Sons Co. )NP , (NP Chicago )NP )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP (NP The printing customers )NP (SBAR (WHNP that )WHNP (S (NP Quebecor )NP (VP will (VP gain (PP through (NP Maxwell Graphics )NP )PP )VP )VP )S )SBAR )NP (VP include (NP (NP the Sunday newspaper *UNK *UNKC )NP , (NP Time )NP , (NP Sports *UNKED )NP and (NP TV *UNKC )NP )NP )VP . )S  STOP
(S But (NP the transaction )NP (VP is (ADVP just )ADVP (NP (NP (NP Mr. Peladeau 's )NP latest step )NP (PP in (NP (NP a larger design )NP : (S (VP to (VP build (NP Quebecor )NP (PP through (NP acquisitions )NP )PP (PP into (NP (NP an integrated paper , publishing and printing concern )NP (PP with (NP (NP a reach )NP (PP throughout (NP North America )NP )PP )NP )PP )NP )PP )VP )VP )S )NP )PP )NP )VP . )S  STOP
(S (S (NP He )NP (ADVP already )ADVP (VP has (VP achieved (NP *UNK *UNK )NP (PP on (NP a limited scale )NP )PP )VP )VP )S : (S (NP Quebecor )NP (VP can (VP put (NP a weekly newspaper )NP (PP on (NP almost any Quebec *UNK )NP )PP (PP without (S (VP using (NP outside help )NP )VP )S )PP , (PP (PP from (S (VP *UNKING (PRT down )PRT (NP the *UNK )NP )VP )S )PP (PP to (S (VP making (NP the newsprint )NP )VP )S )PP (PP to (S (VP *UNKING (NP it )NP (PP up (PP onto (NP the *UNK )NP )PP )PP )VP )S )PP )PP )VP )VP )S . )S  STOP
(S (NP Analysts )NP (VP say (SBAR (S (NP (NP Quebecor 's )NP purchase )NP (VP is (NP (NP part )NP (PP of (NP (NP a trend )NP (PP toward (NP consolidation )NP )PP (PP in (NP the (ADJP North American )ADJP printing industry )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Along (PP with (NP *UNKC )NP )PP )ADVP (PRN , (SINV (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP an analyst )NP (PP with (NP (NP *UNKC Thomson *UNKC Inc. )NP (PP in (NP Montreal )NP )PP )NP )PP )NP )NP )SINV , )PRN `` (NP Quebecor )NP (VP has (VP *UNKED (NP itself )NP (PP as (NP (NP one )NP (PP of (NP the two key players )NP )PP )NP )PP )VP )VP . '' )S  STOP
(S (NP He )NP (VP adds : `` (S (NP I )NP (VP think (SBAR (S (NP this )NP (VP is (NP (NP a great strategic move )NP (PP for (NP Quebecor )NP )PP )NP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP They )NP (VP are (VP buying (NP (NP an operation )NP (SBAR (WHNP that )WHNP (S (VP is (VP running (ADVP well )ADVP )VP )VP )S )SBAR )NP )VP )VP . '' )S  STOP
(S (NP Mr. Peladeau )NP (VP says (SBAR (S (NP he )NP (VP is n't (VP trying (S (VP to (VP catch (PRT up )PRT (PP to (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP has (NP (NP annual sales )NP (PP of (NP (QP over $ 3 billion )QP )NP )PP )NP )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP *UNKC )NP (VP does n't (VP matter )VP )VP )S , '' (NP Mr. Peladeau )NP (VP says )VP . )S  STOP
(SINV `` (SBAR (WHNP What )WHNP (S (VP counts )VP )S )SBAR (VP is )VP (NP the bottom line )NP . '' )SINV  STOP
(S (NP (NP Some )NP (PP of (NP (NP Mr. Peladeau 's )NP ventures )NP )PP , (PP including (NP (NP an earlier push )NP (PP into (NP the U.S. market )NP )PP )NP )PP , )NP (VP have n't (VP paid (PRT off )PRT (PP on (NP the bottom line )NP )PP )VP )VP . )S  STOP
(S (NP Quebecor )NP (VP (VP started (NP (NP the Philadelphia Journal )NP , (NP a daily *UNK )NP , )NP (PP in (NP 1977 )NP )PP )VP and (VP closed (NP it )NP (ADVP (NP three years )NP later )ADVP )VP )VP . )S  STOP
(S (S (NP The venture )NP (VP cost (NP Quebecor )NP (NP (QP $ 12 million )QP )NP )VP )S , (NP Mr. Peladeau )NP (VP says )VP . )S  STOP
(S (ADVP More recently )ADVP , (NP some former Quebecor executives )NP (VP started (NP their own printing company )NP , (S (VP *UNKING (PP in (S (VP printing and *UNKING (NP advertising *UNK )NP )VP )S )PP )VP )S )VP . )S  STOP
(S (NP Quebecor )NP (ADVP still )ADVP (VP *UNK (PP in (NP the Quebec *UNK market )NP )PP , (SBAR while (S (NP (NP Mr. Peladeau 's )NP former employees )NP (VP are (VP expanding (PP across (NP Canada )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Peladeau )NP (VP took (NP his first big *UNK )NP (ADVP (ADVP (NP 25 years )NP ago )ADVP , (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP took (NP (NP advantage )NP (PP of (NP (NP a strike )NP (PP at (NP (NP La *UNKC )NP , (NP then (NP Montreal 's )NP dominant *UNKC newspaper )NP , )NP )PP )NP )PP )NP (S (VP to (VP launch (NP the Journal de Montreal )NP )VP )VP )S )VP )S )SBAR )ADVP )VP . )S  STOP
(S (NP (NP The *UNK 's )NP circulation )NP (VP (VP soared (PP to (NP *UNKN )NP )PP )VP , but (VP plunged (PP to (NP (QP under 10,000 )QP )NP )PP (SBAR (WHADVP when )WHADVP (S (NP the La *UNKC strike )NP (VP ended )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP Still )ADVP , (NP Mr. Peladeau )NP (VP stuck (PP with (NP the venture )NP )PP )VP . )S  STOP
(S (ADVP Now )ADVP (NP the Journal )NP , (S (ADJP (ADJP *UNK (PP with (NP ads )NP )PP )ADJP and (ADJP *UNKLY profitable )ADJP )ADJP )S , (VP (VP is (ADVP even (PP with (NP La *UNKC )NP )PP )ADVP (PP in (NP weekend circulation )NP )PP )VP and (VP *UNK (NP it )NP (NP (NP 3 )NP (PP to (NP 2 )NP )PP )NP (NP every *UNK )NP )VP )VP . )S  STOP
(S (NP Mr. Peladeau )NP (VP has (ADVP never )ADVP (VP made (NP (NP any *UNK )NP (PP for (S (VP publishing (NP (NP the *UNK )NP , (NP (NP a *UNK mix )NP (PP of (NP crime and sports )NP )PP )NP )NP )VP )S )PP )NP )VP )VP . )S  STOP
(S `` (S (NP I )NP (VP 've (VP read (NP *UNKC )NP )VP )VP )S , '' (NP he )NP (VP answers (NP critics )NP )VP . )S  STOP
(S `` (NP It )NP (VP 's (NP (NP *UNK news )NP (PP (PP from (NP A )NP )PP (PP to (NP *UNK )NP )PP )PP )NP )VP . '' )S  STOP
(S (NP Quebecor )NP (ADVP also )ADVP (VP publishes (NP (NP (NP (NP a second tabloid )NP (PP in (NP Montreal )NP )PP )NP , (NP the struggling *UNK- Montreal Daily News )NP )NP ; (NP (NP *UNK )NP (PP in (NP (NP Quebec City )NP and (NP (NP *UNKC )NP , (NP *UNKC )NP )NP )NP )PP )NP ; and (NP (NP dozens )NP (PP of (NP *UNK )NP )PP (VP covering (NP (NP most )NP (PP of (NP Quebec )NP )PP )NP )VP )NP )NP )VP . )S  STOP
(S (NP (NP A series )NP (PP of (NP recent acquisitions )NP )PP )NP (VP made (S (NP it )NP (NP (NP the dominant magazine publisher )NP (PP in (NP Quebec )NP )PP )NP )S )VP . )S  STOP
(S (PP After (NP a recent merger )NP )PP , (NP it )NP (VP is (ADVP also )ADVP (NP (NP the only *UNK- distributor )NP (PP of (NP magazines and newspapers )NP )PP (PP in (NP Quebec )NP )PP )NP )VP . )S  STOP
(S (ADVP Finally )ADVP , (PP with (NP Maxwell Communication )NP )PP , (NP the company )NP (VP controls (NP (NP 54 % )NP (PP of (NP (NP *UNKC Inc. )NP , (NP a Quebec City pulp and paper concern )NP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP (NP yesterday 's )NP accord )NP )PP , (NP Quebecor )NP (VP agreed (S (VP (VP to (VP pay (NP (NP (QP $ 400 million )QP )NP (PP in (NP cash )NP )PP )NP (PP for (NP Maxwell Graphics )NP )PP )VP )VP , and (VP to (VP give (NP Maxwell Communication )NP (NP (NP a (ADJP 20 % )ADJP stake )NP , (VP valued (PP at (NP (QP $ 100 million )QP )NP )PP )VP , (PP in (NP (NP Quebecor 's )NP new printing subsidiary )NP )PP )NP )VP )VP )VP )S )VP . )S  STOP
(S (NP The new , (ADJP (ADVP as yet )ADVP *UNKED )ADJP , subsidiary )NP (VP will (VP combine (NP (NP (NP Quebecor 's )NP existing printing unit )NP and (NP Maxwell Graphics )NP )NP )VP )VP . )S  STOP
(S (NP It )NP (VP will (VP have (NP (NP (NP 61 plants )NP (PP (PP from (NP coast )NP )PP (PP to (NP coast )NP )PP )PP )NP and (NP (NP (QP $ 1.5 billion )QP )NP (PP in (NP annual sales )NP )PP )NP )NP )VP )VP . )S  STOP
(S (NP Quebecor )NP (VP will (VP own (NP (NP *UNKN % )NP (PP of (NP the new subsidiary )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC de *UNKC *UNK *UNKC )NP , (NP the Quebec government *UNK- agency )NP , )NP (VP will (VP pay (NP (QP $ *UNKN million )QP )NP (PP for (NP (NP the remaining (ADJP *UNKN % )ADJP stake )NP (PP in (NP the printing operation )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP *UNKC Peladeau )NP , (NP (NP (NP the founder 's )NP son )NP and (NP (NP the executive )NP (PP in (NP (NP charge )NP (PP of (NP the acquisition )NP )PP )NP )PP )NP )NP , )NP (VP says (SBAR (S (NP Quebecor )NP (VP has n't (VP decided (SBAR (WHADVP how )WHADVP (S (NP it )NP (VP will (VP finance (NP (NP its share )NP (PP of (NP the purchase )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )S , but (S (NP he )NP (VP says (SBAR (S (NP it )NP (ADVP most likely )ADVP (VP will (VP use (NP debt )NP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP The Maxwell deal )NP (VP is (NP (NP (NP Quebecor 's )NP second big printing acquisition )NP (PP in (NP just over a year )NP )PP )NP )VP . )S  STOP
(S (NP Last October )NP , (NP Quebecor )NP (VP bought (NP 23 Canadian printing plants )NP (PP from (NP (NP *UNKC Inc. )NP , (NP a Montreal telecommunications , manufacturing , energy and real estate company )NP )NP )PP )VP . )S  STOP
(S (NP That purchase )NP (VP doubled (NP (NP Quebecor 's )NP annual printing revenue )NP (PP to (NP (QP $ 750 million )QP )NP )PP )VP . )S  STOP
(S (NP (NP (NP Maxwell 's )NP sale )NP (PP of (NP (NP its U.S. printing unit )NP )NP )PP )NP (VP was (VP expected , (NP (NP the last major business )NP (SBAR (S (VP to (VP be (VP *UNKED (PP of )PP (PP in (NP (NP a major *UNKING )NP (PP of (NP assets )NP )PP )NP )PP )VP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (PP According (PP to (NP (NP its (ADJP most recent )ADJP annual report )NP , (VP covering (NP (NP the 15 months )NP (VP ended (NP March 31 )NP )VP )NP )VP )NP )PP )PP , (NP Maxwell Communication )NP (VP (VP bought (NP (NP (QP $ *UNKN billion )QP )NP (PP in (NP assets )NP )PP (PRN -- (PP including (NP (NP Macmillan Inc. )NP and (NP *UNKC Airlines *UNKC )NP )NP )PP -- )PRN )NP )VP and (VP sold (NP (NP (QP $ 2 billion )QP )NP (PP in (NP *UNK- businesses )NP )PP )NP )VP )VP . )S  STOP
(S (ADVP Now )ADVP , (NP Maxwell founder Robert Maxwell )NP (VP says (SBAR (S (NP he )NP (VP has (NP (NP an *UNK )NP (PP for (NP (NP new acquisitions )NP (PP in (NP the U.S. )NP )PP )NP )PP )NP )VP )S )SBAR , (S (VP adding (SBAR that (S (NP he )NP (VP could (VP spend (NP (QP `` (NP a good deal )NP more '' than $ 1 billion )QP )NP (PP on (NP another U.S. purchase )NP )PP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (PP In (NP London trading )NP )PP (NP yesterday )NP , (NP Maxwell Communication shares )NP (VP rose (NP nine pence )NP , (PP to (NP (NP *UNKN pence )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN )NP )PP )VP . )S  STOP
(S (PP In (NP Montreal )NP )PP , (NP (NP Quebecor 's )NP multiple voting Class A stock )NP (VP closed (PP at (NP (NP C$ *UNKN )NP (PRN -LRB- (NP US$ *UNKN )NP -RRB- )PRN )NP )PP , (ADVP down (NP 12.5 Canadian cents )NP )ADVP )VP . )S  STOP
(S (NP Quebecor Class B stock )NP (VP closed (PP at (NP C$ *UNKN )NP )PP , (ADVP up (NP 62.5 Canadian cents )NP )ADVP )VP . )S  STOP
(S (NP (NP Craig *UNKC )NP (PP in (NP London )NP )PP )NP (VP contributed (PP to (NP this article )NP )PP )VP . )S  STOP
(S (NP *UNKC *UNKC & Co. )NP (VP said (SBAR (S (NP the Food and Drug Administration )NP (VP approved (NP (NP the sale )NP (PP of (NP (NP *UNKC )NP , (NP (NP a *UNK drug )NP (VP developed (PP by (NP (NP a joint venture )NP (PP between (NP (NP *UNKC )NP and (NP a French concern )NP )NP )PP )NP )PP )VP )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP (NP a unit )NP (PP of (NP *UNKC Co. )NP )PP )NP , )NP (VP said (SBAR (S (NP the `` *UNK- '' *UNK- drug *UNKC )NP (VP is (NP (NP the first product )NP (SBAR (S (VP to (VP reach (NP the market )NP (PP through (NP (NP *UNKC Pharmaceuticals )NP , (NP (NP the U.S. company )NP (VP (ADVP jointly )ADVP owned (PP by (NP (NP *UNKC )NP and (NP (NP *UNKC )NP , (NP (NP a French pharmaceutical concern )NP (VP owned (PP by (NP (NP France 's )NP *UNKC *UNKC )NP )PP )VP )NP )NP )NP )PP )VP )NP )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The U.S. *UNKC *UNKC *UNKC Commission )NP (VP sued (NP New York state )NP (PP for (NP (NP age discrimination )NP (PP against (NP appointed state judges )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The suit )NP , (VP filed (PP in (NP (NP federal court )NP (PP in (NP Manhattan )NP )PP )NP )PP )VP , )NP (VP charges (SBAR that (S (NP (NP (NP New York 's )NP mandatory retirement age )NP (PP of (NP 76 )NP )PP )NP (VP *UNK (NP federal law )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP the commission )NP (VP *UNKED (PP in (NP (NP (NP a Connecticut state judge 's )NP *UNK- suit )NP (PP in (NP (NP federal court )NP (PP in (NP New *UNKC )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP (NP The commission 's )NP filing )NP (PP in (NP that case )NP )PP )NP (VP challenges (NP (NP (NP Connecticut 's )NP mandatory retirement age )NP (PP of (NP 70 )NP )PP (PP for (NP appointed judges )NP )PP )NP )VP . )S  STOP
(S (NP The New York suit )NP (VP was (VP filed (PP on (NP (NP behalf )NP (PP of (NP (NP (NP Justice *UNKC *UNKC )NP , (SBAR (WHNP (WHNP whose appointment )WHNP (PP to (NP the state appellate division )NP )PP )WHNP (S (VP expires (PP at (NP year end )NP )PP )VP )S )SBAR )NP , and (NP (NP all other judges )NP (VP hurt (PP by (NP the alleged age discrimination )NP )PP )VP )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The suit )NP , (VP assigned (PP to (NP federal Judge *UNKC *UNKC )NP )PP )VP , )NP (VP seeks (NP (NP a permanent injunction )NP , (NP (NP back pay )NP (PP for (NP (NP judges )NP (SBAR (WHNP who )WHNP (S (VP have (VP been (VP forced (S (VP to (VP retire )VP )VP )S )VP )VP )VP )S )SBAR )NP )PP )NP , (NP (NP *UNK )NP (PP of (NP retired judges )NP )PP )NP and `` (NP (NP other *UNK relief )NP (ADJP necessary (S (VP to (VP *UNK (NP (NP the effects )NP (PP of (NP -LRB- (NP New York 's )NP -RRB- *UNK employment practices )NP )PP )NP )VP )VP )S )ADJP )NP )NP )VP . '' )S  STOP
(S (NP (NP Justice *UNKC )NP , (NP (NP a state judge )NP (PP since (NP 1969 )NP )PP )NP , )NP (VP said (SBAR (S (NP the *UNK- age )NP (VP *UNK (NP the court system )NP (SBAR because (S (NP it )NP (VP *UNK (NP the state )NP (PP of (NP (NP experienced judges )NP (ADJP still capable (PP of (S (VP serving (PP on (NP the bench )NP )PP )VP )S )PP )ADJP )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP The issue )NP (VP is n't (NP age )NP )VP )S -- (S (NP age )NP (VP is (NP just a number )NP )VP )S . )S  STOP
(S (S (NP The issue )NP (VP is (NP (NP one )NP (PP of (NP (NP (NP a judge 's )NP experience )NP , (NP his *UNK )NP and (NP his physical ability (S (VP to (VP serve (PP on (NP the bench )NP )PP )VP )VP )S )NP )NP )PP )NP )VP )S , '' (NP Justice *UNKC )NP (VP said )VP . )S  STOP
(S `` (NP I )NP (VP 've (VP had (NP (NP no problems )NP (S (VP *UNKING (NP my duties and responsibilities )NP )VP )S )NP )VP )VP . '' )S  STOP
(S (SBAR Because (S (NP Justice *UNKC )NP (VP turned (NP 76 )NP (PP on (NP May 9 )NP )PP )VP )S )SBAR , (NP he )NP (VP is n't (ADJP eligible (S (VP to (VP be (VP *UNKED (PP to (NP the bench )NP )PP (PP at (NP (NP the end )NP (PP of (NP the year )NP )PP )NP )PP )VP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP (NP (NP The suit 's )NP impact )NP (PP on (NP New York )NP )PP )NP (VP may (VP be (ADJP narrow )ADJP , (ADVP however )ADVP )VP )VP . )S  STOP
(SINV (S (S (NP Most New York judges )NP (VP are (VP elected )VP )VP )S , and (S (NP the federal *UNK- law )NP (VP does n't (VP apply (PP to (NP elected officials )NP )PP )VP )VP )S )S , (VP said )VP (NP (NP James L. Lee )NP , (NP (NP regional attorney )NP (PP for (NP the *UNKC )NP )PP (PP in (NP New York )NP )PP )NP )NP . )SINV  STOP
(S (PP Under (NP New York law )NP )PP , (NP elected judges )NP (VP (VP must (VP retire (PP at (NP age 70 )NP )PP )VP )VP , but then (VP can (VP be (VP appointed (PP to (NP two-year terms )NP )PP (SBAR until (S (NP they )NP (VP reach (NP 76 )NP )VP )S )SBAR )VP )VP )VP )VP . )S  STOP
(S (NP (NP A spokeswoman )NP (PP for (NP (NP (NP the state 's )NP Office )NP (PP of (NP Court Administration )NP )PP )NP )PP )NP (VP declined (S (VP to (VP comment (PP on (NP the suit )NP )PP )VP )VP )S )VP . )S  STOP
(S But (NP she )NP (VP said (SBAR (S (NP the state )NP (ADVP currently )ADVP (VP has (NP (NP 35 appointed judges )NP (SBAR (WHNP who )WHNP (S (VP are (PP over (NP 70 )NP )PP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP Connecticut )NP )PP , (ADVP however )ADVP , (NP most state judges )NP (VP are (VP (VP appointed (PP by (NP the governor )NP )PP )VP and (VP approved (PP by (NP the state legislature )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP The parties )NP (PP in (NP the Connecticut case )NP )PP )NP (VP have (VP agreed (S (VP to (VP stay (NP proceedings )NP (PP pending (NP (NP the appeal )NP (PP of (NP (NP another *UNKC *UNK- case )NP (PP against (NP Vermont )NP )PP )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (S (PP In (NP the Vermont case )NP )PP , (NP a federal judge )NP (VP ruled (SBAR that (S (NP (NP (NP the state 's )NP mandatory age )NP (PP of (NP 70 )NP )PP (PP for (NP appointed judges )NP )PP )NP (VP was (ADJP illegal )ADJP )VP )S )SBAR )VP )S ; (S (NP (NP (NP Vermont 's )NP appeal )NP (PP of (NP that decision )NP )PP )NP (VP is (ADJP pending )ADJP (PP before (NP (NP the U.S. Second Circuit Court )NP (PP of (NP *UNKC )NP )PP (PP in (NP Manhattan )NP )PP )NP )PP )VP )S . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP Connecticut 's )NP chief court *UNK )NP , )NP (VP declined (S (VP to (VP comment (PP on (NP (NP the suit )NP and (NP (NP the *UNKC 's )NP intervention )NP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP the state )NP (VP has (NP (NP *UNKN appointed judges )NP and (NP (NP 15 `` trial *UNK )NP , '' (SBAR (WHNP who )WHNP (S (VP (VP are (NP (NP former judges )NP (PP over (NP age 70 )NP )PP )NP )VP and (VP serve (NP (NP a restricted role )NP (PP on (NP the bench )NP )PP )NP )VP )VP )S )SBAR )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC *UNKC *UNKC *UNKC )NP (ADJP likely (S (VP to (VP be (VP *UNKED (NP next month )NP )VP )VP )VP )S )ADJP . )S  STOP
(S (NP (NP U.S. Attorney General Dick *UNKC 's )NP plan (S (VP to (VP *UNK (NP the 14 regional *UNK- strike forces )NP )VP )VP )S )NP (VP is (VP expected (S (VP to (VP go (PP into (NP effect )NP )PP (NP next month )NP )VP )VP )S , (PP despite (NP (NP the opposition )NP (PP of (NP (NP Democratic congressional leaders )NP and (NP (NP lawyers )NP (PP in (NP the special units )NP )PP )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The units )NP (VP (VP are (ADJP *UNK (PP from (NP (NP U.S. attorneys ' )NP offices )NP )PP )ADJP )VP and (VP focus (ADVP *UNKLY )ADVP (PP on (S (VP *UNKING (NP *UNK- cases )NP )VP )S )PP )VP )VP . )S  STOP
(S (PP In (NP February )NP )PP , (NP Mr. *UNKC )NP (VP announced (NP his plan (S (VP to (VP *UNK (NP the units )NP )VP )VP )S )NP )VP . )S  STOP
(S (NP He )NP (VP says (SBAR (S (NP the *UNK- lawyers )NP (VP will (VP work (ADVP more *UNKLY )ADVP (PP under (NP (NP the *UNK )NP (PP of (NP U.S. attorneys )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP will (VP be (ADJP free (S (VP to (VP *UNK (NP the strike forces )NP )VP )VP )S )ADJP (SBAR after (S (NP Congress )NP (VP *UNK (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP *UNK )NP (PP for (NP federal (ADJP *UNK- and *UNK- )ADJP agencies )NP )PP )NP )VP )S )SBAR , (PP according (PP to (NP (NP David *UNKC )NP , (NP a Justice Department spokesman )NP )NP )PP )PP )VP )VP . )S  STOP
(S (NP The bill )NP (VP is (VP expected (S (VP to (VP pass (PP in (NP Congress )NP )PP (NP next month )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Congress )NP (ADVP temporarily )ADVP (VP halted (NP (NP Mr. *UNKC 's )NP effort )NP (PP with (NP (NP an *UNK resolution )NP (SBAR (WHNP that )WHNP (S (VP *UNKED (NP him )NP (PP from (S (VP using (NP *UNKED funds )NP (S (VP to (VP *UNK (NP his plan )NP )VP )VP )S )VP )S )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP say (SBAR (S (NP (NP Mr. Thornburgh 's )NP plan )NP (VP will (ADVP *UNKLY )ADVP (VP break (PRT up )PRT (NP (NP longtime , (ADJP *UNKLY *UNK )ADJP *UNKING units )NP (SBAR (WHNP that )WHNP (S (VP have (ADVP successfully )ADVP (VP *UNKED (NP major *UNK- figures )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP predict (SBAR that (S (NP *UNK- activity )NP (VP will (VP increase (SBAR once (S (S (NP the units )NP (VP are (VP *UNKED )VP )VP )S and (S (NP their responsibilities )NP (VP transferred (PP to (NP (NP U.S. attorneys ' )NP offices )NP )PP )VP )S )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Some former *UNK- personnel )NP (VP say (SBAR (S (NP the units )NP (VP have (ADVP already )ADVP (VP begun (S (VP to (VP break (PRT up )PRT )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP (NP The Eastern District unit )NP (PP in (NP (NP Brooklyn )NP , (NP N.Y. )NP , )NP )PP )NP (VP lost (NP (NP seven )NP (PP of (NP its 15 attorneys )NP )PP )NP (NP this year )NP (SBAR partly because (S (NP the lawyers )NP (VP were (VP troubled (PP by (NP the proposed reorganization )NP )PP )VP )VP )S )SBAR )VP )S , (VP says )VP (NP (NP *UNKC A. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP left (NP the strike force )NP (S (VP to (VP join (NP (NP *UNKC Cohen *UNKC & *UNKC )NP , (NP a New York law firm )NP )NP )VP )VP )S )VP )S )SBAR )NP . )SINV  STOP
(S `` (S (NP (NP Those )NP (SBAR (WHNP who )WHNP (S (VP have (VP left )VP )VP )S )SBAR )NP (VP have (VP expressed (NP an opinion (SBAR that (S (NP the strike force )NP (VP should (VP continue )VP )VP )S )SBAR )NP )VP )VP )S , '' (NP Ms. *UNKC )NP (VP says )VP . )S  STOP
(S But (NP Mr. *UNKC )NP (VP contends (SBAR (S (NP there )NP (VP has (VP been (NP (NP no *UNK )NP (PP of (NP *UNK- lawyers )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP says (SBAR (S (S (NP 27 lawyers )NP (VP have (VP left )VP )VP )S and (S (NP 21 )NP (VP have (VP been (VP hired )VP )VP )VP )S (SBAR since (S (NP Mr. Thornburgh )NP (VP announced (NP his plan )NP )VP )S )SBAR )S )SBAR )VP . )S  STOP
(S (PP At (NP (NP the time )NP (SBAR (S (NP the plan )NP (VP was (VP announced )VP )VP )S )SBAR )NP )PP , (NP there )NP (VP were (NP 135 lawyers )NP )VP . )S  STOP
(S (NP Some congressional leaders )NP (VP intend (S (VP to (VP continue (S (VP to (VP fight (PP for (NP independent strike forces )NP )PP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP (NP A spokesman )NP (PP for (NP (NP Sen. Edward M. Kennedy )NP (PRN -LRB- (NP D. )NP , (NP Mass . )NP -RRB- )PRN )NP )PP )NP (VP says (SBAR (S (NP Mr. Thornburgh )NP (VP would (VP be (VP required (S (VP to (VP *UNK (NP the units )NP (NP next year )NP )VP )VP )S (SBAR if (S (NP an proposed *UNK crime bill )NP (VP is (VP passed )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Among (NP other things )NP )PP , (NP the bill )NP (VP calls (PP for (NP (NP a reorganization )NP (PP of (NP the Justice Department )NP )PP )NP )PP )VP . )S  STOP
(SINV (S (NP The Senate )NP (VP is (VP expected (S (VP to (VP consider (NP the bill )NP (ADVP shortly )ADVP )VP )VP )S )VP )VP )S , (VP says )VP (NP (NP the *UNK 's )NP spokesman )NP . )SINV  STOP
(S (NP Mr. Runkel )NP (VP says (SBAR (S (NP he )NP (VP doubts (SBAR (S (NP Mr. Kennedy )NP (VP can (VP *UNK (NP enough congressional support (S (VP to (VP *UNK (NP the Justice Department )NP )VP )VP )S )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP We )NP (VP will (VP (ADVP *UNKLY )ADVP oppose (NP the bill )NP )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (NP I )NP (VP do n't (VP think (SBAR (S -LRB- (NP the reorganization )NP (VP is -RRB- (VP going (S (VP to (VP happen )VP )VP )S )VP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP *UNKC & *UNKC )NP (VP *UNK (NP lawyers )NP (PP from (NP *UNKING firm )NP )PP )VP : )S  STOP
(S (NP The *UNK- New York firm )NP (VP will (VP bring (PRT in )PRT (NP (NP (QP at least 12 )QP partners )NP and (NP (NP a (ADJP (ADVP not yet )ADVP determined )ADJP number )NP (PP of (NP associates )NP )PP )NP )NP (PP from (NP (NP *UNKC & *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP will (VP *UNK (NP Dec. 31 )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (PP with (NP 35 lawyers )NP )PP , )NP (VP has (VP lost (NP several partners )NP (PP during (NP the past year )NP )PP )VP )VP . )S  STOP
(S (NP Some *UNKC lawyers )NP (VP wo n't (VP be (VP invited (S (VP to (VP join (NP *UNKC & *UNKC )NP )VP )VP )S , (PP according (PP to (NP (NP partners )NP (PP at (NP both firms )NP )PP )NP )PP )PP )VP )VP )VP . )S  STOP
(S (NP *UNKC & *UNKC managing partner *UNKED F. *UNKC )NP (VP said (SBAR (S (NP the *UNKC *UNK )NP (VP will (VP enhance (NP (NP the firm 's )NP (UCP corporate and litigation )UCP departments )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (ADJP not welcome )ADJP (PP in (NP Texas court )NP )PP : )S  STOP
(S (NP (NP *UNKLY *UNKC )NP , (NP (NP a male *UNK court judge )NP (PP in (NP Houston )NP )PP )NP , )NP (VP refused (S (VP to (VP let (S (NP a woman )NP (VP *UNK (NP guilty )NP (PP to (NP a *UNKING charge )NP )PP )VP )S )VP )VP )S (SBAR because (S (NP her *UNK )NP (VP stopped (NP (NP three inches )NP (PP above (NP her *UNK )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The woman )NP (VP appeared (PP in (NP court )NP )PP (NP Thursday )NP (S (VP to (VP enter (NP her plea )NP )VP )VP )S )VP )S , but (S (SBAR (WHADVP when )WHADVP (S (NP she )NP (VP started (S (VP to (VP approach (NP the bench )NP )VP )VP )S )VP )S )SBAR , (NP she )NP (VP was (VP stopped (PP by (NP Judge *UNKC )NP )PP )VP )VP )S . )S  STOP
(S (NP He )NP (VP told (NP (NP (NP the woman 's )NP lawyer )NP , (NP *UNKC *UNKC )NP , )NP (SBAR that (S (NP the short *UNK )NP (VP was (ADJP *UNK (PP for (NP a court appearance )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (PP Despite (NP (NP Mr. *UNKC 's )NP protests )NP )PP , (NP the judge )NP (VP *UNKED (NP her case )NP (PP for (NP Nov. 27 )NP )PP )VP . )S  STOP
(S (NP (NP *UNKLY *UNKC )NP , (NP (NP an assistant district attorney )NP (SBAR (WHNP who )WHNP (S (VP was (PP in (NP the courtroom )NP )PP )VP )S )SBAR )NP , )NP (VP disputed (NP suggestions (SBAR (S (NP the action )NP (VP was (ADJP *UNK )ADJP )VP )S )SBAR )NP , (S (VP saying (SBAR (S (NP she )NP (VP had (VP seen (S (NP Judge *UNKC )NP (VP turn (PRT away )PRT (NP (NP male defendants )NP (VP *UNKED (PP in (NP (NP *UNK )NP , (NP *UNK *UNK )NP or (NP *UNK *UNK )NP )NP )PP `` (NP many times )NP )VP )NP )VP )S )VP )VP )S )SBAR )VP )S )VP . '' )S  STOP
(S (NP Judge *UNKC )NP (VP did n't (VP return (NP phone calls )NP )VP )VP . )S  STOP
(S (NP (NP Warner Communications Inc. )NP and (NP Sony Corp. )NP )NP (VP (VP resumed (NP (NP settlement talks )NP (PP on (NP (NP their legal battle )NP (PP over (NP Hollywood producers (NX (NX Peter Guber )NX and (NX Jon Peters )NX )NX )NP )PP )NP )PP )NP )VP , but (VP continued (S (VP to (VP level (NP strong accusations )NP (PP at (NP each other )NP )PP (PP in (NP legal documents )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP Warner )NP (VP has (VP filed (NP a (ADJP (QP $ 1 billion )QP )ADJP (NAC breach (PP of (NP contract )NP )PP )NAC suit )NP (PP in (NP Los Angeles *UNKC Court )NP )PP (PP against (NP (NP (NP Sony )NP and (NP the Guber-Peters *UNK )NP )NP , (SBAR (WHNP who )WHNP (S (PP in (NP turn )NP )PP (VP are (VP *UNKING (NP Warner )NP (PP for (S (VP trying (S (VP to (VP *UNK (PP in (NP (NP (NP Sony 's )NP acquisition )NP (PP of (NP (NP Columbia Pictures Entertainment Inc. )NP and (NP Guber Peters Entertainment Co. )NP )NP )PP (PP in (NP (NP two transactions )NP (VP valued (PP at (NP (QP over $ 5 billion )QP )NP )PP )VP )NP )PP )NP )PP )VP )VP )S )VP )S )PP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (SBAR Although (S (NP settlement talks )NP (VP had (VP been (VP dropped )VP )VP )VP )S )SBAR , (NP (NP attorneys )NP (PP for (NP the two sides )NP )PP )NP (ADVP apparently )ADVP (VP began (S (VP talking (ADVP again )ADVP (NP yesterday )NP )VP )S (PP in (NP an attempt (S (VP to (VP settle (NP the matter )NP (PP before (NP (NP Thursday )NP , (SBAR (WHADVP when )WHADVP (S (NP a judge )NP (VP is (VP expected (S (VP to (VP rule (PP on (NP (NP (NP Warner 's )NP request )NP (PP for (NP (NP an injunction )NP (SBAR (WHNP that )WHNP (S (VP would (VP block (NP the two producers )NP (PP from (S (VP taking (PRT over )PRT (NP (NP the management )NP (PP of (NP Columbia )NP )PP )NP )VP )S )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP )S )NP )PP )VP . )S  STOP
(S (NP Yesterday )NP , (PP in (NP (NP documents )NP (VP filed (PP in (NP (NP connection )NP (PP with (NP that case )NP )PP )NP )PP )VP )NP )PP , (NP Warner )NP (VP accused (NP Sony officials )NP (PP of (S (VP (ADVP *UNKLY )ADVP claiming (SBAR that (S (NP they )NP (ADVP never )ADVP (VP read (NP (NP the five-year contract )NP (VP requiring (S (NP the two producers )NP (VP to (VP make (NP movies )NP (PP exclusively for (NP Columbia )NP )PP )VP )VP )S )VP )NP )VP )S )SBAR )VP )S )PP , (S (VP citing (NP (NP Securities and Exchange Commission filings )NP (VP made (PP by (NP Sony )NP )PP )VP (SBAR (WHNP that )WHNP (S (VP described (NP the contracts )NP )VP )S )SBAR )NP )VP )S )VP . )S  STOP
(S (NP Warner )NP (VP was (VP referring (PP to (NP (NP documents )NP (VP filed (NP last week )NP )VP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP (NP (NAC Sony Corp. (PP of (NP America )NP )PP )NAC Vice Chairman Michael *UNKC )NP and (NP (NP Walter *UNKC )NP , (NP (NP president )NP (PP of (NP its CBS Records unit )NP )PP )NP , )NP )NP (VP said (SBAR (S (NP they )NP (VP had (VP taken (NP (NP Mr. Guber )NP and (NP Mr. Peters )NP )NP (PP at (NP their word )NP )PP (SBAR (WHADVP when )WHADVP (S (NP the producers )NP (VP told (NP them )NP (SBAR that (S (S (VP getting (PP out (PP of (NP the contract )NP )PP )PP )VP )S (VP would (VP be (NP no problem )NP (PP because of (NP a previous *UNK agreement )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC Smith )NP , (NP (NP an attorney )NP (PP at (NP (NP *UNKC , *UNKC & *UNKC )NP (PP in (NP Los Angeles )NP )PP )NP )PP (VP representing (NP Sony )NP )VP )NP , )NP (VP said (SBAR (S (NP the Sony executives )NP (VP had n't (VP seen (NP the contract )NP (SBAR because `` (S (NP it )NP (VP was n't (ADJP *UNK )ADJP (SBAR once (S (NP Guber and Peters )NP (VP told (NP them )NP (SBAR (S (NP Warner )NP (VP would (VP let (S (NP them )NP (VP *UNK (NP it )NP (PP at (NP any time )NP )PP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Mr. Smith )NP (VP said (SBAR (S (NP (NP statements )NP (PP about (NP the contract )NP )PP (VP made (PP in (NP SEC filings )NP )PP )VP )NP (VP were (VP made (PP by (NP (NP attorneys )NP (SBAR (SBAR (WHNP who )WHNP (S (VP did (VP have (NP (NP access )NP (PP to (NP the contracts )NP )PP )NP )VP )VP )S )SBAR but (SBAR (WHNP who )WHNP (S (VP were n't (NP (NP part )NP (PP of (NP (NP the negotiations )NP (PP between (NP (NP Sony )NP and (NP the *UNK )NP )NP )PP )NP )PP )NP )VP )S )SBAR )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Warner executives )NP (ADVP also )ADVP (VP filed (NP (NP new *UNK *UNK )NP (VP *UNKING (NP (NP claims )NP (PP by (NP Messrs. Guber and Peters )NP )PP (SBAR that (S (NP the two sides )NP (VP had (NP (NP an *UNK agreement )NP (SBAR (WHNP that )WHNP (S (VP *UNKED (S (NP the producers )NP (VP to (VP *UNK (NP (NP their contract )NP (PP with (NP Warner )NP )PP )NP )VP )VP )S (SBAR (SINV should (NP the opportunity (S (VP to (VP run (NP a major studio )NP )VP )VP )S )NP (VP come (PRT up )PRT )VP )SINV )SBAR )VP )S )SBAR )NP )VP )S )SBAR )NP )VP )NP )VP . )S  STOP
(S But (NP Mr. Smith )NP (VP said (SBAR (S (NP Sony )NP (VP intends (S (VP to (VP prove (SBAR (SBAR that (S (NP the *UNK agreement )NP (VP did (PP in (NP fact )NP )PP (VP exist )VP )VP )S )SBAR , and (SBAR that (S (NP even the existing written contract )NP (VP does n't (VP *UNK (NP the producers )NP (PP from (S (VP taking (NP (NP executive posts )NP (PP at (NP another studio )NP )PP )NP )VP )S )PP )VP )VP )S )SBAR )SBAR )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Warner )NP (VP described (PP as `` (NP *UNK )NP '' )PP (NP yesterday )NP (NP (NP (NP Sony 's )NP *UNK )NP (PP in (NP prior court filings )NP )PP (SBAR that (S (NP (NP Mr. Guber )NP and (NP Mr. Peters )NP )NP (VP could (PP in (NP theory )NP )PP (VP run (NP Columbia )NP (SBAR while (S (ADVP still )ADVP (VP *UNKING (NP their contract (S (VP to (VP produce (NP movies )NP (PP for (NP Warner )NP )PP )VP )VP )S )NP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP Such a dual role )NP (VP would (VP be `` (ADJP *UNK and *UNK )ADJP )VP )VP )S , '' (NP Warner )NP (VP said , (S (VP adding , `` (S (NP that concept )NP (VP is (ADJP (ADJP as silly )ADJP (PP as (S (VP suggesting (SBAR that (S (NP (NP the head *UNK )NP (PP of (NP the Los Angeles *UNKC )NP )PP )NP (VP could (ADVP *UNKLY )ADVP (VP be (NP (NP general manager )NP (PP of (NP the San Francisco Giants )NP )PP )NP )VP )VP )S )SBAR )VP )S )PP )ADJP )VP )S )VP )S )VP . '' )S  STOP
(S (NP (NP Warner )NP , (SBAR (WHNP which )WHNP (S (VP is (PP in (NP (NP the process )NP (PP of (S (VP being (VP acquired (PP by (NP (ADJP New York-based )ADJP Time Warner Inc. )NP )PP )VP )VP )S )PP )NP )PP )VP )S )SBAR , )NP (ADVP also )ADVP (VP said (SBAR (S (NP it )NP (VP paid (NP the two producers )NP (NP (NP a fixed annual salary )NP (PP of (NP (QP $ 3 million )QP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Dataproducts Inc. )NP (VP said (SBAR (S (NP it )NP (VP filed (NP a lawsuit )NP (PP in (NP Delaware *UNKC Court )NP )PP (S (VP to (VP block (NP (NP a tender offer )NP (PP by (NP DPC Acquisition Partners )NP )PP )NP )VP )VP )S , (S (VP *UNKING (SBAR that (S (NP the hostile offer )NP (VP *UNK (NP (NP a *UNK agreement )NP (PP between (NP the two concerns )NP )PP )NP )VP )S )SBAR )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP DPC )NP , (NP (NP an investor group )NP (VP led (PP by (NP (ADJP New York-based )ADJP *UNKC Investment Associates )NP )PP )VP )NP , )NP (VP had (NP itself )NP (VP filed (NP a suit )NP (PP in (NP (NP state court )NP (PP in (NP Los Angeles )NP )PP )NP )PP (S (VP seeking (S (VP to (VP *UNK (NP the agreement )NP )VP )VP )S )VP )S )VP )VP . )S  STOP
(S (NP Earlier this year )NP , (NP Dataproducts )NP (VP had (VP rejected (NP (NP a (ADJP (ADJP $ 15 )ADJP (NP a share )NP )ADJP offer )NP (PP from (NP DPC )NP )PP )NP , (S (VP saying (SBAR (S (NP it )NP (VP was n't (VP (ADVP *UNKLY )ADVP financed )VP )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(S (NP DPC )NP (NP last week )NP (VP launched (NP (NP a new , (ADJP $ *UNK- )ADJP offer )NP (PP for (NP the (ADJP *UNKC Hills , *UNKED )ADJP computer printer maker )NP )PP )NP )VP . )S  STOP
(S (NP DPC )NP (VP said (SBAR (S (NP it )NP (VP could n't (VP comment (PP on (NP the suit )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Boeing Co. 's )NP third-quarter profit )NP (VP *UNKED (NP 68 % )NP )VP )S , but (S (NP (NP Wall Street 's )NP attention )NP (VP was (VP focused (PP on (NP (NP the *UNK line )NP , not (NP the bottom line )NP )NP )PP )VP )VP )S . )S  STOP
(S (PP In (NP fact )NP )PP , (NP the earnings report )NP (VP *UNKED (SBAR as (S (NP (NP representatives )NP (PP of (NP (NP (NP the world 's )NP No. 1 jet maker )NP and (NP the striking Machinists union )NP )NP )PP )NP (VP came (ADVP back (PP to (NP the negotiating table )NP )PP )ADVP (PP for (NP (NP their first meeting )NP (PP in (NP two weeks )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP the federal *UNK )NP (PP in (NP (NP Seattle )NP , (SBAR (WHADVP where )WHADVP (S (NP Boeing )NP (VP is (VP based )VP )VP )S )SBAR )NP )PP )NP , )NP (VP said (SBAR (S (NP the parties )NP (VP will (VP continue (S (VP to (VP sit (PRT down )PRT (ADVP daily )ADVP (SBAR until (S (S (NP a new settlement proposal )NP (VP *UNK )VP )S or (S (NP the talks )NP (VP break (PRT off )PRT (ADVP again )ADVP )VP )S )S )SBAR )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Despite (NP the progress )NP )PP , (NP Boeing )NP (VP indicated (SBAR that (S (NP the work *UNK )NP (PRN , (ADVP now )ADVP (PP in (NP its *UNK day )NP )PP , )PRN (VP will (VP have (NP (NP `` a serious adverse impact '' )NP (PP on (NP the current quarter )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP the third quarter )NP )PP , (NP net )NP (VP rose (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ 1.05 )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 63 cents )NP (NP a share )NP )NP )NP )PP )VP . )S  STOP
(S (NP Sales )NP (VP climbed (NP 71 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP (SBAR as (S (NP the company )NP (VP *UNKED (PP on (NP (NP the *UNK global demand )NP (PP for (NP commercial *UNK )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Because (S (NP (NP it )NP )NP (VP 's (ADJP impossible )ADJP (S (VP to (VP gauge (SBAR (WHADVP how long )WHADVP (S (NP (NP the *UNK )NP (PP by (NP *UNKN Machinists *UNK and file )NP )PP )NP (VP will (VP last )VP )VP )S )SBAR )VP )VP )S )VP )S )SBAR , (NP (NP the *UNK impact )NP (PP on (NP (NP Boeing 's )NP (NX (NX sales )NX , (NX earnings )NX , (NX cash flow )NX and (NX short-term investment position )NX )NX )NP )PP )NP (VP could n't (VP be (VP determined )VP )VP )VP . )S  STOP
(S (NP The investment community )NP , (ADVP however )ADVP , (VP (ADVP strongly )ADVP believes (SBAR that (S (NP the strike )NP (VP will (VP be (VP settled (SBAR before (S (NP there )NP (VP is (NP (NP any *UNKING effect )NP (PP on (NP either (NP Boeing )NP or (NP its work force )NP )NP )PP )NP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP The company 's )NP total firm backlog )NP (PP of (NP *UNKED orders )NP )PP (PP at (NP Sept. 30 )NP )PP )NP (VP stood (PP at (NP a *UNK (QP $ *UNKN billion )QP )NP )PP , (PP compared (PP with (NP (NP (QP $ *UNKN billion )QP )NP (PP at (NP (NP the end )NP (X (PP of )PP )X )NP )PP )NP )PP )PP )VP )S  STOP
(S (SBAR Although (S (NP the company )NP (VP could (VP see (S (NP fourth-quarter revenue )NP (VP *UNK (PP by (NP (QP nearly $ 5 billion )QP )NP )PP )VP )S (SBAR if (S (NP it )NP (VP is n't (ADJP able (S (VP to (VP deliver (NP (ADJP any more )ADJP planes )NP (NP this year )NP )VP )VP )S )ADJP )VP )S )SBAR )VP )VP )S )SBAR , (NP those dollars )NP (ADVP actually )ADVP (VP would (ADVP just )ADVP (VP be (VP *UNKED (PP until (NP 1990 )NP )PP )VP )VP )VP . )S  STOP
(S And (NP the company )NP (VP is (ADJP certain (S (VP to (VP get (PRT out )PRT (NP some aircraft )NP (SBAR with (S (ADVP just )ADVP (NP (NP *UNK )NP and (NP other *UNKING employees )NP )NP (PP on (NP hand )NP )PP )S )SBAR )VP )VP )S )ADJP )VP . )S  STOP
(S (SBAR Before (S (S (NP the union )NP (VP rejected (NP (NP the company 's )NP offer )NP )VP )S and (S (NP the strike )NP (VP was (VP launched (PP with (NP (NP the *UNK shift )NP (PP of (NP Oct. 4 )NP )PP )NP )PP )VP )VP )S )S )SBAR , (NP Boeing )NP (VP had (VP been (VP *UNKING (PP on (S (VP turning (NP 96 aircraft )NP (PP out (NP the door )NP )PP (PP in (NP the present period )NP )PP )VP )S )PP )VP )VP )VP . )S  STOP
(S (NP That )NP (VP included (NP (NP 21 )NP (PP of (NP (NP (NP the company 's )NP *UNKN *UNK *UNK )NP , (NP its (ADJP most successful )ADJP product )NP )NP )PP )NP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's not (NP a pretty picture )NP )VP )S , '' (VP said )VP (NP (NP David Smith )NP , (NP (NP an analyst )NP (PP with (NP Raymond James & Associates )NP )PP )NP )NP . )SINV  STOP
(S `` But (NP it )NP (VP would (ADVP just )ADVP (VP mean (NP a great (ADJP first and second )ADJP quarter )NP (NP next year )NP )VP )VP . '' )S  STOP
(S (NP (NP *UNKC *UNKC )NP (PP of (NP Merrill Lynch Capital Markets )NP )PP )NP (VP added : `` (S (NP You )NP (VP do n't (VP want (S (VP to (VP (VP *UNK (NP this )NP )VP and (VP say (SBAR (S (NP nobody )NP (VP is (VP looking (PP at (NP it )NP )PP )VP )VP )S )SBAR )VP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S But (NP the strike )NP (VP has n't (VP gone (PRT on )PRT (ADVP long enough (SBAR for (S (NP Boeing )NP (VP to (VP lose (NP business )NP (PP in (NP any real sense )NP )PP )VP )VP )S )SBAR )ADVP )VP )VP . '' )S  STOP
(S (NP That )NP (VP 's (NP (NP the primary reason )NP (SBAR (S (NP (NP the company 's )NP share price )NP (VP has (VP held (PRT up )PRT (ADVP so well )ADVP (SBAR (WHADVP when )WHADVP (PRN , (PP in (NP (NP Mr. Smith 's )NP words )NP )PP , )PRN `` (S (NP most companies )NP (VP would (VP have (VP *UNKED '' (PP by (ADVP now )ADVP )PP )VP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP , (NP Boeing )NP (VP closed (NP yesterday )NP (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP , (ADVP off (NP a *UNK 12.5 cents )NP )ADVP )VP . )S  STOP
(S (ADVP Still )ADVP , (NP Boeing )NP (VP (VP went (PP through (NP its normal *UNK *UNK )NP )PP )VP and (VP played (PRT up )PRT (NP the *UNK )NP )VP )VP . )S  STOP
(S (PP In (NP a statement )NP )PP , (NP Chairman Frank *UNKC )NP (VP asserted (SBAR that (S (NP the company )NP (VP `` faces (NP significant challenges and risks )NP , '' (PP on (NP both its (UCP commercial and government )UCP contracts )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP instance )NP )PP , (NP he )NP (VP noted (SBAR that (S (S (NP (NP spending )NP (PP on (NP Pentagon programs )NP )PP )NP (VP is (VP *UNKING )VP )VP )S , and (S (NP Boeing )NP (VP is (NP (NP either (NP the prime contractor )NP or (NP a major supplier )NP )NP (PP on (NP (NP many important military projects )NP , (PP including (NP (NP the *UNKC *UNKC *UNK )NP , (NP the *UNKC *UNKC *UNK- aircraft )NP and (NP (NP the Air Force 's )NP *UNK- *UNK *UNK )NP )NP )PP )NP )PP )NP )VP )S )S )SBAR )VP . )S  STOP
(S (PP Because of (NP (NP cost *UNK )NP (PP on (NP *UNK- military work )NP )PP )NP )PP (PRN , (NP Mr. *UNKC )NP (VP said )VP , )PRN (NP (NP the company 's )NP defense business )NP (VP will (VP record `` (NP a significant loss )NP '' (PP in (NP 1989 )NP )PP )VP )VP . )S  STOP
(S (ADVP Moreover )ADVP (PRN , (NP Mr. *UNKC )NP (VP added )VP , )PRN (NP (NP *UNK- increases )NP (SBAR (WHNP that )WHNP (S (VP have (VP been (VP *UNKED (PP on (NP the *UNKN , *UNKN , *UNKN and *UNKN programs )NP )PP )VP )VP )VP )S )SBAR )NP (VP have (VP resulted (PP in `` (NP serious work force *UNK- problems )NP )PP )VP )VP . '' )S  STOP
(S (NP *UNKC and *UNK )NP (VP are (VP *UNKING (NP *UNKED pressure (S (VP to (VP support (NP delivery schedules )NP )VP )VP )S )NP )VP )VP . )S  STOP
(S And , (PP of (NP course )NP )PP , (NP there )NP (VP 's (NP the *UNK labor situation )NP )VP . )S  STOP
(S (PP Besides (NP the Machinists pact )NP )PP , (NP (NP *UNK )NP (VP representing (NP (NP 30,000 )NP (PP of (NP (NP the company 's )NP (UCP engineering and technical )UCP employees )NP )PP (PP in (NP the *UNKC *UNKC and (NAC *UNKC , *UNKC , )NAC areas )NP )PP )NP )VP )NP (VP expire (PP in (NP early December )NP )PP )VP . )S  STOP
(S (ADVP Also )ADVP , (NP (NP a contract )NP (PP with (NP the United *UNKC Workers )NP )PP (PP at (NP (NP (NP the company 's )NP *UNK plant )NP (PP in (NP Philadelphia )NP )PP )NP )PP )NP (VP expired (NP Oct. 15 )NP )VP . )S  STOP
(S (NP (NP This contract )NP , (VP covering (NP (QP about 3,000 )QP *UNKLY production and maintenance workers )NP )VP , )NP (VP is (VP being (VP extended (PP on (NP a *UNK- basis )NP )PP )VP )VP )VP . )S  STOP
(S (NP The Machinists )NP (VP rejected (NP (NP a proposal )NP (VP featuring (NP (NP (NP a (ADJP 10 % )ADJP base wage increase )NP (PP over (NP (NP the life )NP (PP of (NP the three-year contract )NP )PP )NP )PP )NP , plus (NP (NP bonuses )NP (PP of (NP (NP (NP 8 % )NP (NP the first year )NP )NP and (NP (NP 3 % )NP (NP the second )NP )NP )NP )PP )NP )NP )VP )NP )VP . )S  STOP
(S (PP On (NP (NP top )NP (PP of (NP that )NP )PP )NP )PP , (NP Boeing )NP (VP would (VP make (NP (NP *UNKING adjustments )NP (VP projected (S (VP to (VP be (NP (NP 5 % )NP (PP for (NP (NP each year )NP (PP of (NP the contract )NP )PP )NP )PP )NP )VP )VP )S )VP )NP )VP )VP . )S  STOP
(S (NP The union )NP , (ADVP though )ADVP , (VP has (VP called (S (NP the offer )NP `` (ADJP *UNKING )ADJP )S )VP )VP . '' )S  STOP
(S (NP The company )NP (VP *UNKED (NP yesterday )NP (SBAR that (S (NP it )NP (VP 's (ADJP willing (S (VP to (VP (VP *UNK (NP the package )NP )VP , but not (VP add (PP to (NP (NP the *UNK )NP (PP of (NP it )NP )PP )NP )PP )VP )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP (NP Boeing 's )NP net )NP (VP increased (NP 36 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )VP . )S  STOP
(S (NP Sales )NP (VP soared (NP 28 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (PP In (NP a separate matter )NP )PP , (NP the Justice Department )NP (NP yesterday )NP (VP said (SBAR (S (NP Boeing )NP (VP agreed (S (VP to (VP pay (NP the government )NP (NP (QP $ 11 million )QP )NP (S (VP to (VP settle (NP claims (SBAR that (S (NP the company )NP (VP provided (NP *UNK cost information )NP (PP to (NP the Air Force )NP )PP (SBAR while (S (VP negotiating (NP contracts (S (VP to (VP replace (NP (NP the aluminum *UNK )NP (PP on (NP the *UNKC *UNK aircraft )NP )PP )NP )VP )VP )S )NP )VP )S )SBAR )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP The settlement )NP (VP *UNK (PP to (NP (NP four contracts )NP (VP negotiated (PP (PP from (NP 1982 )NP )PP (PP to (NP 1985 )NP )PP )PP )VP )NP )PP )VP )S , (NP prosecutors )NP (VP said )VP . )S  STOP
(S (NP They )NP (VP added (SBAR that (S (NP the settlement )NP (VP is (NP (NP the *UNK )NP (PP of (NP (NP a (ADJP 2 *UNK- )ADJP investigation )NP (PP into (NP (NP the company 's )NP aluminum pricing practices )NP )PP (PP in (NP (NP connection )NP (PP with (NP *UNKC )NP )PP )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP A Boeing spokesman )NP (VP responded : `` (S (ADVP All along )ADVP (NP the company )NP (VP has (VP said (SBAR (S (NP there )NP (VP was (NP (NP no grounds )NP (PP for (NP criminal *UNK )NP )PP )NP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP That )NP (VP was (VP *UNK (PRT out )PRT (PP by (NP (NP the Justice Department 's )NP decision '' (S (VP to (VP settle (NP the case )NP )VP )VP )S )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC *UNKC Lines Ltd. )NP (VP filed (NP an application )NP (PP with (NP Canadian regulators )NP )PP (S (VP to (VP build (NP a (ADJP (ADJP (QP 4.4 billion )QP Canadian dollar )ADJP (PRN -LRB- (ADJP (QP US$ *UNKN billion )QP )ADJP -RRB- )PRN )ADJP pipeline )NP (S (VP to (VP transport (NP natural gas )NP (PP from (NP (NP Canada 's )NP *UNKC )NP )PP (PP to (NP U.S. markets )NP )PP (S (VP beginning (X (PP in )PP )X )VP )S )VP )VP )S )VP )VP )S )VP )S  STOP
(S (NP (NP The application )NP (PP by (NP (NP Foothills )NP , (VP owned (PP by (NP (NP (NP *UNKED *UNKC Corp. )NP (PP of (NP *UNKC )NP )PP )NP and (NP (NP *UNKC Energy Inc. )NP (PP of (NP (NP *UNKC )NP , (NP Canada )NP , )NP )PP )NP )NP )PP )VP )NP )PP )NP (VP is (VP expected (S (VP to (VP *UNK (PRT off )PRT (SBAR (WHNP what )WHNP (S (VP could (VP be (NP (NP a *UNK battle )NP (PP for (NP the right (S (VP to (VP transport (NP (NP vast quantities )NP (PP of (NP gas )NP )PP )NP (PP to (NP southern markets )NP )PP (PP from (NP (NP *UNKED fields )NP (PP in (NP (NP Canada 's )NP *UNKC River *UNK )NP )PP )NP )PP )VP )VP )S )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP This )NP (VP is (NP (NP a *UNK- strike )NP (PP by (NP Foothills )NP )PP )NP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP natural gas manager )NP (PP of (NP (NP (NP the *UNKED Independent Petroleum Association )NP (PP of (NP Canada )NP )PP )NP , (NP an industry group )NP )NP )PP )NP )NP . )SINV  STOP
(S `` (S (NP Foothills )NP (VP wants (S (VP to (VP make (S (NP (NP it )NP )NP (ADJP clear (PP to (NP other pipeline companies )NP )PP )ADJP (SBAR that (S (NP it )NP (VP 's (PP on (NP first )NP )PP (PP *UNK as (S (VP *UNKING (NP gas )NP (PP from (NP the *UNKC )NP )PP (PP to (NP southern markets )NP )PP )VP )S )PP )VP )S )SBAR )S )VP )VP )S )VP )S , '' (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (NP (QP At least two )QP rival applications )NP (VP are (VP expected (S (VP to (VP emerge (PP in (NP coming months )NP )PP )VP )VP )S , (PP including (NP (NP one )NP (PP from (NP (NP *UNKC *UNKC Ltd. )NP , (NP (NP Canada 's )NP largest natural gas pipeline operator )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Another )NP (VP is (VP expected (PP from (NP (NP a consortium )NP (PP of (NP (NP oil and gas producers )NP (SBAR (WHNP who )WHNP (S (VP won (NP *UNK approval )NP (NP this month )NP (PP from (NP (NP Canada 's )NP National Energy Board )NP )PP (S (VP to (VP export (NP (NP (QP about *UNKN trillion )QP cubic feet )NP (PP of (NP Mackenzie *UNK gas )NP )PP )NP (PP to (NP the U.S. )NP )PP (S (VP starting (PP in (NP 1996 )NP )PP )VP )S )VP )VP )S )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The producers )NP (VP include (NP (NP (NP Shell Canada Ltd. )NP , (NP (NP a unit )NP (PP of (NP Royal *UNKC Group )NP )PP )NP )NP ; (NP (NP *UNKC Resources Canada Ltd. )NP , (NP (NP a unit )NP (PP of (NP (NP Imperial Oil Ltd. )NP , (SBAR (WHNP which )WHNP (S (VP is (ADJP *UNKED (PP by (NP Exxon Corp. )NP )PP )ADJP )VP )S )SBAR )NP )PP )NP )NP ; and (NP (NP Gulf Canada Resources Ltd. )NP , (NP (NP a unit )NP (PP of (NP *UNKC & York *UNKC Ltd )NP )PP )NP )NP )NP )VP . )S  STOP
(SINV `` (S (NP (NP The -LCB- National Energy Board -RCB- approval )NP (PP of (NP the exports )NP )PP )NP (VP (ADVP just )ADVP *UNKED (NP (NP the starting flag )NP (PP for (NP (NP the next stage )NP , (NP the rush (S (VP to (VP build (NP (NP facilities )NP (SBAR (S (VP to (VP transport (NP the gas )NP )VP )VP )S )SBAR )NP )VP )VP )S )NP )NP )PP )NP )VP )S , '' (VP said )VP (NP (NP Bill *UNKC )NP , (NP (NP an analyst )NP (PP with (NP (NP Brady & *UNKC )NP , (NP a (NAC Washington , D.C. , )NAC law firm )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP (NP Foothills ' )NP main rival )NP (SBAR (S (VP to (VP build (NP a Mackenzie Delta pipeline )NP )VP )VP )S )SBAR )NP (VP is (ADJP likely (S (VP to (VP be (NP TransCanada *UNKC )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP The Toronto-based company )NP , (ADVP together (PP with (NP (NP *UNKC Inc. )NP (PP of (NP Houston )NP )PP )NP )PP )ADVP , (VP has (VP had (NP (NP an *UNK proposal )NP (VP filed (PP with (NP Canadian regulators )NP )PP )VP )NP (PP since (NP 1984 )NP )PP (SBAR (WHNP that )WHNP (S (NP it )NP (VP is (ADVP now )ADVP (VP *UNKING )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP Like (NP Foothills )NP )PP , (NP (NP TransCanada 's )NP *UNKC Gas consortium )NP (VP plans (S (VP to (VP build (NP (NP a pipeline )NP )NP (ADVP directly south (PP from (NP (NP the Mackenzie River delta )NP (PP in (NP (NP Canada 's )NP western *UNKC )NP )PP )NP )PP )ADVP (PP with (NP an initial capacity (S (VP to (VP transport (NP (NP (QP 1.2 billion )QP cubic feet )NP (PP of (NP gas )NP )PP (ADVP daily )ADVP )NP )VP )VP )S )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Industry sources )NP (VP said (SBAR (S (NP they )NP (VP expect (S (NP (NP a *UNK battle )NP )NP (VP to (VP emerge (PP between (NP (NP (NP TransCanada )NP , (SBAR (WHNP which )WHNP (S (VP has (NP (NP a *UNKLY )NP (PP on (NP (NP Canadian gas transportation )NP (ADVP *UNK (PP of (NP Alberta )NP )PP )ADVP )NP )PP )NP )VP )S )SBAR )NP , and (NP (NP *UNKC and *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP control (NP (NP the *UNK )NP (UCP (PP within )PP and (VP running (ADVP *UNK (PP of )PP )ADVP )VP (NP Alberta )NP , (ADVP respectively )ADVP )UCP )NP )VP )S )SBAR )NP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (S (NP This )NP (VP is (NP (NP *UNK territory )NP , (ADJP *UNKED )ADJP )NP )VP )S , and (S (NP it )NP (VP 's (VP going (S (VP to (VP be (ADJP *UNK )ADJP )VP )VP )S )VP )VP )S )S , '' (VP said )VP (NP (NP one *UNK )NP , (SBAR (WHNP who )WHNP (S (VP asked (S not (VP to (VP be (VP named )VP )VP )VP )S )VP )S )SBAR )NP . )SINV  STOP
(S `` (NP Neither )NP (VP is (VP going (S (VP to (VP back (PRT down )PRT (ADVP easily )ADVP )VP )VP )S )VP )VP . '' )S  STOP
(S (NP TransCanada )NP (VP declined (S (VP to (VP comment (PP on (NP the Foothills application )NP )PP )VP )VP )S )VP . )S  STOP
(S But (NP last week )NP (NP (NP Gerald *UNKC )NP , (NP (NP (NP president )NP and (NP chief executive officer )NP )NP (PP of (NP TransCanada )NP )PP )NP , )NP (VP said (SBAR (SBAR (S (NP the company )NP `` (VP intends (S (VP to (VP be (NP (NP a party )NP (PP to (NP (NP any transportation system )NP (SBAR (WHNP that )WHNP (S (VP goes (ADVP up there )ADVP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP '' )S )SBAR and (SBAR that (S (NP it )NP (VP would (VP consider (NP (NP joint ventures )NP (PP with (NP other players )NP )PP )NP (S (VP to (VP ensure (SBAR (S (NP it )NP (VP has (NP a role )NP )VP )S )SBAR )VP )VP )S )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP (NP A number )NP (PP of (NP issues )NP )PP )NP (ADVP still )ADVP (VP need (S (VP to (VP be (VP resolved )VP )VP )VP )S (SBAR before (S (NP Canadian regulators )NP (VP give (NP any project )NP (NP the final *UNK- )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP First )ADVP , (NP (NP the price )NP (PP of (NP natural gas )NP )PP )NP (VP will (VP have (S (VP to (VP (ADVP almost )ADVP double )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP president )NP (PP of (NP Foothills )NP )PP )NP , )NP (VP said (SBAR (S (NP the company )NP (VP believes (SBAR (S (NP the project )NP (VP would (VP be (ADJP viable )ADJP (SBAR if (S (NP gas prices )NP (VP reach (NP (NP US$ *UNKN )NP (NP a thousand cubic feet )NP )NP (PP by (NP 1995 )NP )PP , (PP in (NP current dollars )NP )PP , (ADVP up (PP from (NP (NP a current spot price )NP (PP of (NP (QP about US$ 1.50 )QP )NP )PP )NP )PP )ADVP )VP )S )SBAR )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Mr. *UNKC 's )NP (ADJP US$ *UNKN )ADJP estimate )NP (VP is (PP somewhat below (NP (NP the (ADJP $ *UNKN )ADJP floor price )NP (SBAR (WHNP that )WHNP (S (NP *UNKED consulting firm Paul *UNKC & Co. )NP (ADVP recently )ADVP (VP said (SBAR (S (VP would (VP be (VP needed (SBAR for (S (NP Mackenzie delta gas producers )NP (VP to (VP see (NP (NP a return )NP (PP on (NP their investment )NP )PP )NP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP U.S. gas buyers )NP (VP must (ADVP also )ADVP (VP decide (SBAR whether (S (NP they )NP (VP want (S (VP to (VP (VP enter (NP (NP firm contracts )NP (PP for (NP Mackenzie delta gas )NP )PP )NP )VP or (VP develop (NP *UNKC reserves )NP (PP in (NP the *UNKC Bay area )NP )PP (ADVP first )ADVP , (NP (NP a project )NP (SBAR (WHNP that )WHNP (S (VP has (VP been (PP on (NP hold )NP )PP (PP for (NP (NP more )NP (PP than (NP a decade )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Robert *UNKC )NP , (NP (NP (NP chairman )NP and (NP chief executive )NP )NP (PP of (NP Foothills )NP )PP )NP , )NP (VP said (SBAR (S (NP it )NP (VP 's (ADJP too early (S (VP to (VP say (SBAR whether (S (NP (UCP *UNKC or Mackenzie delta )UCP gas )NP (VP would (VP flow (PP to (NP market )NP )PP (ADVP first )ADVP )VP )VP )S )SBAR )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S But (NP Foothills )NP (VP said (SBAR (S (NP it )NP (VP plans (S (VP to (VP seek (NP regulatory approval (S (VP to (VP build (NP (NP an alternative line )NP , (NP the Alaska Natural Gas Transportation System )NP )NP (ADVP further north (PP toward (NP Alaska )NP )PP )ADVP )VP )VP )S )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (SBAR If (S (NP that option )NP (VP is (VP favored (PP by (NP gas buyers and regulators )NP )PP )VP )VP )S )SBAR , (NP Foothills )NP (VP said (SBAR (S (NP it )NP (VP would (VP build (NP (NP another smaller pipeline )NP (VP *UNKING (NP Mackenzie Delta reserves )NP (PP to (NP the Alaska *UNK )NP )PP )VP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP 's (ADVP also )ADVP (ADJP likely (SBAR that (S (NP regulators )NP (VP will (VP try (S (VP to (VP *UNK (NP (NP some kind )NP (PP of (NP (NP consensus )NP (PP between (NP the *UNK- pipeline *UNK )NP )PP )NP )PP )NP )VP )VP (PP before (S (VP *UNKING (NP (NP any hearings )NP (PP into (NP rival projects )NP )PP )NP )VP )S )PP )S )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP (NP Douglas *UNKC )NP , (NP (NP vice president )NP (PP of (NP Shell Canada )NP )PP )NP , )NP (VP noted (SBAR that (S (NP producers )NP (VP would (VP prefer (S (VP to (VP avoid (NP (NP hearings )NP (PP into (NP competing proposals )NP )PP (SBAR (WHNP that )WHNP (S (VP would (VP (VP *UNK (NP the regulatory review process )NP )VP and (VP *UNK (PRT down )PRT (NP development )NP )VP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC *UNKC Line Co. )NP , (NP (NP an oil pipeline operator )NP (VP rumored (S (VP to (VP be (VP *UNKING (NP (NP a gas pipeline proposal )NP (PP of (NP its own )NP )PP )NP )VP )VP )VP )S )VP )NP , )NP (VP said (SBAR (S (NP that )NP (VP is n't (PP in (NP the cards )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Instead )ADVP , (NP (NP Richard *UNKC )NP , (NP (NP (NP president )NP and (NP chief executive )NP )NP (PP of (NP (NP (NP *UNKC 's )NP *UNKED parent )NP , (NP *UNKC Energy Inc. )NP )NP )PP )NP , )NP (VP said (SBAR (S (NP the company )NP (VP would (VP prefer (S (VP to (VP work (PP with (NP other `` interested parties '' )NP )PP (PP on (NP a joint proposal )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP As (PP for (NP (NP Foothills ' )NP *UNK- bid )NP )PP )PP , (NP Mr. *UNKC )NP (VP said , `` (S (SBAR If (S (NP they )NP (VP think (SBAR (S (NP it )NP (VP gives (NP them )NP (NP (NP some kind )NP (PP of (NP priority position )NP )PP )NP )VP )S )SBAR )VP )S )SBAR , (INTJ well )INTJ , (NP that )NP (VP 's (NP their strategy )NP )VP )S )VP . )S  STOP
(S (NP The Federal Reserve Board )NP (VP said (SBAR (S (NP it )NP (VP is (VP *UNKING (NP (NP approval )NP (PP of (NP (NP (NP First Union Corp. 's )NP proposed (ADJP (QP $ *UNKN million )QP )ADJP acquisition )NP (PP of (NP (NP Florida National Banks )NP (PP of (NP Florida Inc. )NP )PP )NP )PP )NP )PP )NP , (PP pending (NP (NP the outcome )NP (PP of (NP (NP an examination )NP (PP into (NP (NP (NP First Union 's )NP lending practices )NP (PP in (NP *UNK- neighborhoods )NP )PP )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The decision )NP (VP reflects (NP (NP (NP the Fed 's )NP tougher stance )NP (PP on (S (VP *UNKING (NP (NP the Community *UNKC Act )NP , (NP (NP a federal law )NP (VP passed (PP in (NP 1977 )NP )PP (S (VP to (VP help (S (NP *UNK- residents )NP (VP obtain (NP loans )NP )VP )S )VP )VP )S )VP )NP )NP )VP )S )PP )NP )VP . )S  STOP
(S (PP In (NP recent years )NP )PP , (NP unions and community groups )NP (VP have (VP won (NP (NP big commitments )NP (PP from (NP banks )NP )PP (S (VP to (VP make (NP *UNK- loans )NP (PP in (NP certain neighborhoods )NP )PP )VP )VP )S )NP (PP by (S (VP threatening (S (VP to (VP hold (PRT up )PRT (NP proposed acquisitions )NP (PP with (NP (NP protests )NP (PP to (NP the Fed )NP )PP (PP about (NP *UNK act compliance )NP )PP )NP )PP )VP )VP )S )VP )S )PP )VP )VP . )S  STOP
(S (NP Few *UNK )NP , (ADVP however )ADVP , (VP have (ADVP actually )ADVP (VP delayed or *UNKED (NP mergers )NP )VP )VP . )S  STOP
(S (NP The current dispute )NP (VP involves (NP allegations (SBAR that (S (NP (ADJP *UNKC , *UNKED )ADJP First Union )NP (VP has n't (VP lived (PRT up )PRT (PP to (NP (NP its responsibilities )NP (PP under (NP the *UNK act )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP During (NP the summer )NP )PP , (NP (NP Legal Services Corp. )NP , (NP a Florida legal aid group )NP , )NP (VP filed (NP a *UNK )NP (PP with (NP the Fed )NP )PP (PP on (NP (NP behalf )NP (PP of (NP (NP residents )NP (PP in (NP four Florida *UNK )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP The *UNK )NP (VP challenged (NP (NP (NP First Union 's )NP lending record )NP (PP in (NP the state )NP )PP )NP , (S (VP saying (SBAR that (S (NP the *UNKING company )NP (VP (VP had `` (VP shut (NP itself )NP (PRT off )PRT (PP from (NP (NP contact )NP (PP with (NP the low-income community )NP )PP )NP )PP )VP )VP and (VP is (VP *UNKING (NP (NP almost every black neighborhood )NP (SBAR (WHNP that )WHNP (S (NP it )NP (VP serves (PP in (NP the state )NP )PP )VP )S )SBAR )NP )VP )VP )VP )S )SBAR )VP )S )VP . '' )S  STOP
(S (PP In (S (VP *UNKING (NP (NP action )NP (PP on (NP the merger )NP )PP )NP )VP )S )PP (PRN , (NP the Fed )NP (VP said )VP , )PRN `` (NP The Board )NP (VP does not (VP believe (SBAR that (S (NP there )NP (VP is (NP sufficient information )NP (PP in (NP the record )NP )PP (PP at (NP this time )NP )PP (S (VP to (VP allow (S -LCB- (NP it )NP -RCB- (VP to (VP reach (NP (NP a final conclusion )NP (PP on (NP (NP (NP First Union 's )NP record )NP (PP of (S (VP helping (S (VP to (VP meet (NP (NP the credit needs )NP (PP of (NP (NP the communities )NP (SBAR (S (NP it )NP (VP serves (PP in (NP (NP Florida )NP and (NP North Carolina )NP )NP )PP )VP )S )SBAR , (PP including (NP (NP (ADJP low (PP to (ADJP *UNK- )ADJP )PP )ADJP neighborhoods )NP (PP in (NP those communities )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )VP )S )PP )NP )PP )NP )VP )VP )S )VP )VP )S )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP The Fed )NP (VP said (SBAR (S (NP (NP the *UNKC )NP (PP of (NP the *UNKC )NP )PP )NP (VP is (VP expected (S (VP to (VP begin (NP (NP a Community *UNKC Act examination )NP (PP of (NP (NP First Union 's )NP Florida and North Carolina banking units )NP )PP )NP (PP in (NP the next two weeks )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP First Union )NP , (PP with (NP (NP assets )NP (PP of (NP (QP about $ 32 billion )QP )NP )PP )NP )PP , )NP (VP (VP said (SBAR (S (NP it )NP (VP was (VP disappointed (PP by (NP the delay )NP )PP )VP )VP )S )SBAR )VP but (VP said (SBAR (S (NP it )NP (VP would (VP *UNK (PP with (NP regulatory authorities )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The bank )NP (VP added (SBAR that (S (NP it )NP (VP believes (SBAR (S (NP the review )NP (VP will `` (VP *UNK (SBAR that (S (NP First Union )NP (VP is (PP in (NP (NP compliance )NP (PP with (NP (NP the requirements )NP (PP of (NP the Community *UNKC Act )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (NP The company )NP (VP has (ADVP already )ADVP (VP missed (NP (NP its initial Oct. 1 target date )NP (PP for (S (VP *UNKING (NP the merger )NP )VP )S )PP )NP )VP )VP . )S  STOP
(S (NP It )NP (VP said (NP yesterday )NP (SBAR (S (NP it )NP (ADVP still )ADVP (VP expects (S (VP to (VP close (NP the acquisition )NP (UCP (NP later this year )NP or (ADVP early (PP in (NP 1990 )NP )PP )ADVP )UCP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Florida National )NP , (SBAR if (S (VP acquired )VP )S )SBAR , (VP would (VP (ADVP almost )ADVP double (NP (NP (NP First Union 's )NP banking franchise )NP (PP in (NP Florida )NP )PP )NP (PP to (NP (NP (QP $ 17 billion )QP )NP (PP in (NP assets )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP That )NP (VP would (VP make (S (NP it )NP (NP (NP the second-largest bank )NP , (PP after (NP *UNKC Banks Inc. )NP )PP , (PP in (NP (NP a state )NP (VP (ADVP widely )ADVP considered (S (VP to (VP be (NP (NP the (ADJP most lucrative )ADJP banking market )NP (PP in (NP the country )NP )PP )NP )VP )VP )S )VP )NP )PP )NP )S )VP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP (NP yesterday )NP , (NP First Union shares )NP (VP rose (NP 25 cents )NP (PP to (NP $ 23 )NP )PP )VP . )S  STOP
(S (NP Florida National stock )NP (VP closed (ADJP unchanged )ADJP (PP at (NP $ *UNKN )NP )PP (PP in (NP national over-the-counter trading )NP )PP )VP . )S  STOP
(S (NP Earlier this year )NP , (NP the Fed )NP (VP denied (NP (NP an application )NP (PP by (NP Continental Bank Corp. )NP )PP (S (VP to (VP purchase (NP (NP Grand *UNKC State Bank )NP (PP in (NP (NP *UNKC )NP , (NP Ariz. )NP , )NP )PP )NP )VP )VP )S )NP (PP on (NP grounds (SBAR that (S (NP Continental )NP (VP had n't (VP (ADVP fully )ADVP *UNKED (PP with (NP the Community *UNKC Act )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP At (NP the time )NP )PP , (NP the Fed )NP (VP said (SBAR (S (NP (NP the *UNK )NP , (NP (NP the (ADJP first ever )ADJP )NP (PP on (NP such grounds )NP )PP )NP , )NP (VP signaled (NP (NP (NP the agency 's )NP new emphasis )NP (PP on (NP the Community *UNKC Act )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Eastern Airlines ' )NP creditors committee )NP (VP backed (PP off (NP (NP a move )NP (SBAR (S (VP to (VP come (PRT up )PRT (PP with (NP (NP its own alternative proposals )NP (PP to (NP (NP the carrier 's )NP bankruptcy reorganization plans )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP , (PP according (PP to (NP (NP sources )NP (ADJP familiar (PP with (NP the committee )NP )PP )ADJP )NP )PP )PP )VP . )S  STOP
(S (S (PP In (NP (NP a meeting )NP (PP in (NP New York )NP )PP (NP yesterday )NP )NP )PP , (NP the committee )NP (VP put (PP on (NP hold )NP )PP (NP (NP instructions )NP (SBAR (S (NP it )NP (VP gave (ADVP (NP two weeks )NP ago )ADVP (PP to (NP its experts )NP )PP )VP )S )SBAR (S (VP to (VP explore (NP (NP other options )NP (PP for (NP (NP Eastern 's )NP future )NP )PP )NP )VP )VP )S )NP )VP )S , (NP the sources )NP (VP said )VP . )S  STOP
(S (NP The consultants )NP (VP had (VP been (VP working (S (VP to (VP *UNK (NP a report )NP (NP this week )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP That )NP (VP means (SBAR (S (NP (NP Eastern )NP , (NP (NP a unit )NP (PP of (NP (NP Texas Air Corp. )NP (PP of (NP Houston )NP )PP )NP )PP )NP , )NP (VP can (VP go (ADVP forward )ADVP (PP with (NP (NP its pitch )NP (PP for (NP creditor approval )NP )PP )NP )PP (ADVP (ADVP as early )ADVP (PP as (NP (NP today )NP , (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP is (VP expected (S (VP to (VP deliver (NP a revised reorganization plan )NP (PP to (NP the committee )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )PP )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The committee )NP (VP intends (S (VP to (VP meet (NP next week )NP (S (VP to (VP make (NP (NP a recommendation )NP (PP on (NP the new plan )NP )PP )NP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (PP In (NP another development )NP )PP (NP yesterday )NP , (NP creditors )NP (VP were (VP told (SBAR that (S (NP (NP (QP $ 40 million )QP )NP (SBAR (S (NP they )NP (VP had (VP expected (S (VP to (VP become (ADJP available (PP for (S (VP *UNKING (NP a reorganization )NP )VP )S )PP )ADJP )VP )VP )S )VP )VP )S )SBAR )NP (VP may not (VP *UNK )VP )VP )S )SBAR , (PP according (PP to (NP one source )NP )PP )PP )VP )VP . )S  STOP
(S (S (NP Texas Air )NP (VP has (VP run (PP into (NP (NP difficulty )NP (S (VP *UNKING (NP (NP (QP about $ 20 million )QP )NP (PP of (NP debt securities )NP )PP )NP )VP )S )NP )PP (PP because of (NP (NP problems )NP (PP in (NP the junk bond market )NP )PP )NP )PP )VP )VP )S , (NP the person )NP (VP said )VP . )S  STOP
(S (S And (NP plans (S (VP to (VP raise (NP (QP another $ 20 million )QP )NP (PP through (NP (NP changes )NP (PP to (NP an insurance policy )NP )PP )NP )PP )VP )VP )S )NP (VP have (VP hit (NP a *UNK )NP )VP )VP )S , (NP the source )NP (VP said )VP . )S  STOP
(S (NP An Eastern spokesman )NP (VP said `` (S (NP the (QP $ 40 million )QP )NP (VP will (VP have (NP (NP no effect )NP (ADVP *UNK )ADVP (PP on (NP (NP the asset structure )NP (PP of (NP (NP Eastern 's )NP plan )NP )PP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP (QP *UNKC million )QP )NP (PP in (NP (NP the total scheme )NP (PP of (NP things )NP )PP )NP )PP )NP (VP is not (ADJP that significant )ADJP )VP . '' )S  STOP
(S (NP (NP It )NP )NP (VP is (ADJP unclear )ADJP (SBAR (WHNP what )WHNP (S (VP caused (S (NP the creditors )NP (VP to (VP do (NP (NP an *UNK- )NP (PP on (S (VP exploring (NP (NP alternatives )NP (PP to (NP (NP Eastern 's )NP new reorganization plan )NP )PP )NP )VP )S )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (ADVP However )ADVP , (SBAR since (S (NP Eastern )NP (VP (ADVP first )ADVP filed (PP for (NP Chapter 11 protection )NP )PP (NP March 9 )NP )VP )S )SBAR , (NP it )NP (VP has (VP (ADVP consistently )ADVP promised (S (VP to (VP pay (NP creditors )NP (NP (NP 100 cents )NP (PP on (NP the dollar )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (SBAR Because (S (NP the carrier )NP (VP is (ADVP still )ADVP (VP *UNKING (S (VP to (VP do (NP that )NP )VP )VP )S )VP )VP )S )SBAR , (NP some committee members )NP (VP (ADVP successfully )ADVP argued (SBAR that (S (NP there )NP (VP 's (NP (NP little reason )NP )NP (ADVP yet )ADVP (SBAR (S (VP to (VP explore (NP a different plan )NP )VP )VP )S )SBAR )VP )S )SBAR , (PP according (PP to (NP (NP one person )NP (ADJP familiar (PP with (NP (NP the creditors ' )NP position )NP )PP )ADJP )NP )PP )PP )VP . )S  STOP
(S (NP Earlier this month )NP (NP (NP (NP the accounting firm )NP (PP of (NP *UNKC & Young )NP )PP )NP and (NP (NP the securities firm )NP (PP of (NP (NP Goldman , Sachs & Co. )NP , (NP (NP the experts )NP (VP hired (PP by (NP the creditors )NP )PP )VP )NP , )NP )PP )NP )NP (VP contended (SBAR that (S (NP Eastern )NP (VP would (VP have (NP (NP difficulty )NP (S (VP meeting (NP (NP earnings targets )NP (SBAR (S (NP the airline )NP (VP was (VP *UNKING )VP )VP )S )SBAR )NP )VP )S )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC & Young )NP (VP said (SBAR (S (NP (NP Eastern 's )NP plan )NP (VP would (VP miss (NP projections )NP (PP by (NP (QP $ 100 million )QP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Goldman )NP (VP said (SBAR (S (NP Eastern )NP (VP would (VP miss (NP the same mark )NP (PP by (NP (QP at least $ 120 million )QP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The consultants )NP (VP maintained (SBAR (S (NP Eastern )NP (VP (VP would n't (VP generate (NP (NP the cash )NP (SBAR (S (NP it )NP (VP needs )VP )S )SBAR )NP )VP )VP and (VP would (VP have (S (VP to (VP issue (NP new debt )NP (S (VP to (VP meet (NP its targets )NP (PP under (NP the plan )NP )PP )VP )VP )S )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Eastern )NP (PP at (NP the time )NP )PP (VP (VP disputed (NP those *UNK )NP )VP and (VP called (S (NP (NP the experts ' )NP report )NP `` (PP completely off (NP base )NP )PP )S )VP )VP . '' )S  STOP
(S (NP Yesterday )NP , (NP (NP *UNKC *UNKC )NP , (NP (NP an attorney )NP (PP for (NP (NP Eastern 's )NP creditors committee )NP )PP )NP , )NP (VP declined (S (VP to (VP comment (PP on (SBAR (SBAR whether (S (NP the experts )NP (VP had (ADVP ever )ADVP (VP been (VP *UNKED (S (VP to (VP look (PP at (NP other choices )NP )PP )VP )VP )S )VP )VP )VP )S )SBAR and (SBAR whether (S (NP they )NP (ADVP now )ADVP (VP were (VP asked (S not (VP to )VP )S )VP )VP )S )SBAR )SBAR )PP )VP )VP )S )VP . )S  STOP
(S (NP He )NP (VP said (ADVP only )ADVP (SBAR (SBAR that (S (NP the committee )NP (VP has (ADVP not yet )ADVP (VP taken (NP (NP any position )NP (PP on (NP (NP Eastern 's )NP reorganization plan )NP )PP )NP )VP )VP )S )SBAR and (SBAR that (S (NP the two sides )NP (VP were (ADVP still )ADVP (VP negotiating )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S `` (S (PP In (NP every case )NP )PP , (NP people )NP (VP would (VP like (S (VP to (VP see (NP a *UNK plan )NP )VP )VP )S )VP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP (NP Eastern )NP and (NP its creditors )NP )NP (VP agreed (PP in (NP July )NP )PP (PP on (NP (NP a reorganization plan )NP (SBAR (WHNP that )WHNP (S (VP called (SBAR for (S (NP the carrier )NP (VP (VP to (VP sell (PRT off )PRT (NP (NP (QP $ 1.8 billion )QP )NP (PP in (NP assets )NP )PP )NP )VP )VP and (VP to (VP emerge (PP from (NP Chapter 11 status )NP )PP (PP in (NP late 1989 )NP )PP (PP at (NP two-thirds its former size )NP )PP )VP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Eastern )NP (ADVP eventually )ADVP (VP decided (S not (VP to (VP sell (PRT off )PRT (NP (NP a major chunk )NP , (NP (NP its (ADJP South American )ADJP routes )NP , (SBAR (WHNP which )WHNP (S (VP were (VP valued (PP at (NP (QP $ 400 million )QP )NP )PP )VP )VP )S )SBAR )NP )NP )VP )VP )S )VP . )S  STOP
(S (NP Such a change )NP (VP meant (SBAR (S (S (NP (NP the reorganization plan )NP (SBAR (S (NP the creditors )NP (VP had (VP agreed (PP on )PP )VP )VP )S )SBAR )NP (VP was (ADVP no longer )ADVP (ADJP valid )ADJP )VP )S , and (S (NP the two sides )NP (VP had (S (VP to (VP begin (S (VP negotiating )VP )S (ADVP again )ADVP )VP )VP )S )VP )S )S )SBAR )VP . )S  STOP
(S (NP Eastern )NP (VP (VP has (VP (ADVP publicly )ADVP stated (SBAR (S (NP it )NP (VP is (VP exceeding (NP (NP its goals )NP (PP for (S (VP getting (ADVP back (PP into (NP operation )NP )PP )ADVP )VP )S )PP )NP )VP )VP )S )SBAR )VP )VP and (VP has (VP predicted (SBAR (S (NP it )NP (VP would (VP emerge (PP from (NP Chapter 11 proceedings )NP )PP (NP early next year )NP , (S (VP operating (NP (NP more flights )NP (SBAR than (S (NP it )NP (ADVP originally )ADVP (VP had (VP scheduled )VP )VP )S )SBAR )NP )VP )S )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP The following )NP (VP were (PP among (NP (NP (NP yesterday 's )NP offerings and *UNK )NP (PP in (NP the (UCP U.S. and *UNK- )UCP capital markets )NP )PP )NP )PP , (PP with (NP (NP terms )NP and (NP syndicate manager )NP )NP )PP , (SBAR as (S (VP compiled (PP by (NP Dow Jones Capital Markets Report )NP )PP )VP )S )SBAR )VP : )S  STOP
(NP New York City -- )NP  STOP
(NP (NP (QP $ *UNKN million )QP )NP (PP of (NP (NP general obligation bonds )NP , (NP *UNKC 1990 Series *UNK and *UNK )NP , )NP )PP (PP including (NP (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP tax-exempt bonds )NP )PP )NP and (NP (NP (QP $ 56 million )QP )NP (PP of (NP taxable bonds )NP )PP )NP )NP )PP , (VP (ADVP tentatively )ADVP priced (PP by (NP a Goldman Sachs & Co. group )NP )PP )VP . )NP  STOP
(S (NP (NP Yields )NP (PP for (NP tax-exempt bonds )NP )PP )NP (VP range (PP (PP from (NP (NP (QP 6 1\/2 )QP % )NP (PP in (NP 1990 )NP )PP )NP )PP (PP to (NP (NP *UNKN % )NP (PP in (NP *UNKN )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP (NP Yields )NP (PP for (NP taxable bonds )NP )PP )NP (VP range (PP (PP from (NP (NP (QP 9 1\/8 )QP % )NP (PP in (NP 1994 )NP )PP )NP )PP (PP to (NP (NP *UNKN % )NP (PP in (NP 2009 and *UNKN )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP The bonds )NP (VP are all (VP rated (S (ADJP *UNK- )ADJP )S (PP by (NP (NP Moody 's )NP Investors Service Inc )NP )PP )VP )VP . )S  STOP
(S (NP The underwriters )NP (VP expect (NP (NP a *UNK- rating )NP (PP from (NP (NP (NP Standard & Poor 's )NP Corp. )NP , (SBAR (WHNP which )WHNP (S (VP has (NP the issue )NP (PP under (NP review )NP )PP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(NP *UNKED Mortgage Securities Corp. -- )NP  STOP
(NP (NP (QP $ 150 million )QP )NP (PP of (NP Remic mortgage securities )NP )PP (VP offered (PP in (NP 12 classes )NP )PP (PP by (NP First Boston Corp )NP )PP )VP . )NP  STOP
(S (NP (NP The offering )NP , (NP Series *UNKN )NP , )NP (VP is (PP by (NP (NP a company )NP (VP established (PP by (NP First Boston )NP )PP (PP for (S (VP issuing (NP (NP *UNKC )NP and (NP other derivative mortgage securities )NP )NP )VP )S )PP )VP )NP )PP )VP . )S  STOP
(S (NP It )NP (VP is (VP (VP backed (PP by (NP Government National Mortgage Association (ADJP (QP 9 1\/2 )QP % )ADJP securities )NP )PP (PP with (NP (NP a *UNKED average remaining term )NP (PP to (NP (NP maturity )NP (PP of (NP 29 years )NP )PP )NP )PP )NP )PP )VP and (VP being (VP offered (PP at (NP market prices )NP )PP )VP )VP )VP )VP . )S  STOP
(NP *UNKC Corp. -- )NP  STOP
(NP (NP (QP $ *UNKN million )QP )NP (PP of (NP securities )NP )PP (VP backed (PP by (NP *UNK- loans )NP )PP (PP through (NP Merrill Lynch Capital Markets )NP )PP )VP . )NP  STOP
(S (NP (NP The offering )NP , (PP with (NP (NP an expected average life )NP (PP of (NP *UNKN years )NP )PP )NP )PP , )NP (VP will (VP *UNK (ADVP monthly )ADVP (PP at (NP (NP 20 basis points )NP (PP above (NP (NP the rate )NP (PP on (NP (NP an index )NP (PP of (NP (NP 30-day *UNKED commercial paper )NP , (SBAR (WHNP which )WHNP (S (ADVP now )ADVP (VP yields (NP (QP about 8.50 )QP % )NP )VP )S )SBAR )NP )PP )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The issue )NP (VP has (NP (NP an expected final maturity date )NP (PP of (NP 1998 )NP )PP )NP )VP . )S  STOP
(S (NP The offering )NP (VP is (VP rated (S (ADJP triple-A )ADJP )S (PP by (NP (NP Moody 's )NP and (NP S&P )NP )NP )PP , (PP based (PP on (NP (NP (NP the quality )NP (PP of (NP the underlying home equity loans )NP )PP )NP and (NP (NP a letter )NP (PP of (NP credit )NP )PP (VP covering (NP (NP 10 % )NP (PP of (NP the deal )NP )PP )NP )VP (PP from (NP (NP Union Bank )NP (PP of (NP Switzerland )NP )PP )NP )PP )NP )NP )PP )PP )VP )VP . )S  STOP
(S (NP The offering )NP (VP is (VP being (VP made (PP through (NP (NP *UNKC Home Equity Loan *UNKED *UNKC )NP , (NP Series *UNKN )NP )NP )PP )VP )VP )VP . )S  STOP
(NP Rochester Community Savings Bank -- )NP  STOP
(NP (NP (QP $ 200 million )QP )NP (PP of (NP *UNKN % certificates )NP )PP (VP backed (PP by (NP (NP automobile loans )NP (VP priced (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )NP )PP )VP (PP via (NP First Boston Corp )NP )PP . )NP  STOP
(S (NP The issue )NP , (PP through (NP *UNKC *UNK- *UNKC Trust )NP )PP , (VP was (VP priced (PP at (NP (NP a yield spread )NP (PP of (NP (NP 100 basis points )NP (PP above (NP (NP the Treasury (ADJP (QP 7 3\/4 )QP % )ADJP note )NP (ADJP due (NP July 1991 )NP )ADJP )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The offering )NP (VP has (NP (NP (NP an expected average life )NP (PP of (NP 1.7 years )NP )PP )NP and (NP (NP a final maturity date )NP (PP of (NP May 15 , 1995 )NP )PP )NP )NP )VP . )S  STOP
(S (NP The issue )NP (VP is (VP rated (S (ADJP triple-A )ADJP )S (PP by (NP Moody 's )NP )PP , (PP based (PP on (NP (NP (NP the quality )NP (PP of (NP the underlying auto loans )NP )PP )NP and (NP (NP a letter )NP (PP of (NP credit )NP )PP (VP covering (NP (NP 13 % )NP (PP of (NP the deal )NP )PP )NP )VP (PP from (NP Credit Suisse )NP )PP )NP )NP )PP )PP )VP )VP . )S  STOP
(NP (NP South Australian Government Finance Authority )NP (PRN -LRB- (NP agency )NP -RRB- )PRN -- )NP  STOP
(NP (NP (QP 125 million )QP Australian dollars )NP (PP of (NP zero-coupon *UNKC )NP )PP (ADJP due (NP Dec. 12 , 1994 )NP )ADJP , (VP priced (PP at (NP *UNKN )NP )PP (S (VP to (VP yield (NP (NP *UNKN % )NP (PP less (NP fees )NP )PP )NP )VP )VP )S )VP (PP via (NP *UNKC Bank Ltd )NP )PP . )NP  STOP
(S (VP *UNKED (PP by (NP the South Australian Treasury )NP )PP )VP . )S  STOP
(NP Fees (QP 1 3\/8 )QP . )NP  STOP
(NP (NP Government Insurance Office )NP (PP of (NP New South *UNKC )NP )PP (PRN -LRB- (NP agency )NP -RRB- )PRN -- )NP  STOP
(NP (NP (QP A$ 50 million )QP )NP (PP of (NP (NP (ADJP (QP 17 1\/2 )QP % )ADJP *UNKC )NP (ADJP due (NP Dec. 4 , 1991 )NP )ADJP )NP )PP , (VP priced (PP at (NP *UNKN )NP )PP (S (VP to (VP yield (NP (NP *UNKN )NP (PP less (NP fees )NP )PP )NP )VP )VP )S )VP (PP via (NP *UNKC Banking Corp )NP )PP . )NP  STOP
(NP Fees (QP 1 1\/4 )QP . )NP  STOP
(NP (NP Swedish *UNKC Credit Corp . )NP (PRN -LRB- (NP *UNKC )NP -RRB- )PRN -- )NP  STOP
(NP (NP (QP 100 million )QP Swiss francs )NP (PP of (NP (NP (ADJP (QP 6 1\/8 )QP % )ADJP (ADJP privately placed )ADJP notes )NP (ADJP due (NP Sept. 30 , 1996 )NP )ADJP )NP )PP , (VP priced (PP at (NP 100 3\/4 )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP (PP via (NP Citicorp Investment Bank Switzerland )NP )PP . )NP  STOP
(NP (NP Call )NP (PP from (NP Sept. 30 , 1993 )NP )PP , (PP at (NP (QP 100 *UNKN )QP )NP )PP , (VP declining (PP by (NP (NP *UNKN point )NP (NP a year )NP )NP )PP (X to )X (PP to (NP par )NP )PP )VP . )NP  STOP
(NP Fees (QP 1 3\/4 )QP . )NP  STOP
(S (NP (ADJP West German )ADJP insurance giant Allianz AG )NP (VP entered (NP (NP the takeover battle )NP (PP between (NP (NP France 's )NP (NX (NX Cie . Financiere de Paribas )NX and (NX *UNKC de Navigation Mixte )NX )NX )NP )PP )NP )VP . )S  STOP
(S (NP Allianz )NP (VP said (SBAR (S (NP it )NP (VP won (NP French government approval (S (VP to (VP buy (NP (NP (QP as much as one-third )QP )NP (PP of (NP (NP Navigation Mixte )NP , (NP a diversified (UCP financial , transport and food holding )UCP company )NP )NP )PP )NP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The move )NP (VP comes (SBAR (NP a week )NP after (S (NP Paribas )NP (VP announced (SBAR that (S (NP it )NP (VP was (VP preparing (S (VP to (VP bid (PP for (NP (NP (ADJP *UNKN % )ADJP control )NP (PP of (NP Navigation Mixte )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKED Allianz 's )NP brief *UNK statement )NP (VP said (SBAR (S (NP it )NP (VP is (VP acting (S (VP to (VP protect (NP (NP its own interests )NP (PP as (NP (NP a shareholder )NP (PP of (NP Navigation Mixte )NP )PP )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP would (VP be (NP (NP a blow )NP (PP to (NP both (NP Paribas )NP and (NP Navigation Mixte )NP )NP )PP )NP )VP )VP . )S  STOP
(S (NP Each )NP (VP had (VP claimed (NP (NP Allianz )NP , (NP (NP Europe 's )NP largest insurance company )NP , )NP (PP as (NP a *UNK ally )NP )PP )VP )VP . )S  STOP
(S (NP The Allianz statement )NP (ADVP also )ADVP (VP *UNKED (NP the belief (SBAR that (S (NP the takeover battle )NP (VP could (VP be (NP a long one )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP It )NP (VP led (PP to (NP broad market speculation (SBAR that (S (NP Paribas )NP (ADVP now )ADVP (VP will (VP *UNK (NP (NP its bid )NP , (SBAR (WHNP which )WHNP (S (VP is (VP expected (S (VP to (VP be (VP (ADVP formally )ADVP launched (ADVP later (NP this week )NP )ADVP , (PP after (NP (NP approval )NP (PP from (NP French government regulators )NP )PP )NP )PP )VP )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP Allianz 's )NP entry )NP (VP reflects (NP (NP the increasing *UNK )NP (PP of (NP (NP (ADJP West German )ADJP companies )NP , (VP looking (ADVP ahead (PP to (NP (NP the reduction )NP (PP in (NP European Community internal barriers )NP )PP (PP in (NP 1992 )NP )PP )NP )PP )ADVP )VP , )NP )PP (S (VP to (VP get (ADJP involved (PP in (SBAR (WHNP what )WHNP (S (PP until (ADVP now )ADVP )PP (VP were (VP considered (S (NP internal French affairs )NP )S )VP )VP )S )SBAR )PP )ADJP )VP )VP )S )NP )VP . )S  STOP
(S (NP (NP (NP Deutsche Bank )NP , (NP *UNKC Bank )NP and (NP *UNKC )NP )NP (NP all )NP )NP (ADVP also )ADVP (VP have (VP expressed (NP *UNK (S (VP to (VP expand (PP in (NP France )NP )PP (PP before (NP 1992 )NP )PP )VP )VP )S )NP )VP )VP . )S  STOP
(S (NP *UNKC Bank )NP (NP this month )NP (VP moved (S (VP to (VP acquire (NP (NP *UNKC *UNKC *UNK *UNKC )NP , (NP (NP a small French merchant bank )NP (SBAR (WHNP that )WHNP (S (NP Deutsche Bank )NP (VP had (VP (VP looked (PP at )PP )VP and (VP passed (PRT over )PRT )VP )VP )VP )S )SBAR )NP )NP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (VP had (VP hoped (S (VP to (VP buy (NP (NP a stake )NP (PP in (NP Credit *UNKC )NP )PP )NP )VP )VP )S , (SBAR until (S (NP the *UNKC )NP (VP (VP returned (PP to (NP government )NP )PP (NP last year )NP )VP and (VP canceled (NP plans (S (VP to (VP *UNK (NP the large French bank )NP )VP )VP )S )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Deutsche Bank )NP (VP has (VP (ADVP actively )ADVP sought (NP a French acquisition )NP (PP for (NP (QP at least two )QP years )NP )PP )VP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP (PRN , (S (NP analysts )NP (VP say )VP )S , )PRN (NP Deutsche Bank )NP (VP has (VP *UNKED (NP (NP some )NP (PP in (NP the French financial community )NP )PP )NP (PP by (S (VP indicating (SBAR (S (NP it )NP (VP wants (NP (NP a strong bank )NP (PP with (NP (NP a large number )NP (PP of (NP branches )NP )PP )NP )PP )NP )VP )S )SBAR )VP )S )PP )VP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP are (ADVP still )ADVP (VP looking )VP )VP )S , '' (VP said )VP (NP a Deutsche Bank spokesman )NP . )SINV  STOP
(S `` (NP (NP The banks )NP (SBAR (S (NP we )NP (VP think (SBAR (S (VP would (VP fit (PP into (NP our concept )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )NP (VP are (UCP either (ADJP *UNKED )ADJP or not (PP for (NP sale )NP )PP )UCP , (SBAR though (S (NP Deutsche Bank )NP (VP would (VP be (ADJP able (S (VP to (VP pay (NP a good price )NP )VP )VP )S )ADJP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (SBAR While (S (NP Allianz officials )NP (VP were n't (ADJP willing (S (VP to (VP comment (PP in (NP any detail )NP )PP (PP on (NP their plans )NP )PP )VP )VP )S )ADJP )VP )S )SBAR , (NP they )NP (VP said (SBAR (S (NP Allianz )NP (ADVP currently )ADVP (VP holds (NP (NP (NP (QP between 5 % and 10 % )QP )NP (PP of (NP Navigation Mixte )NP )PP )NP , (NP (NP an apparent increase )NP (PP from (NP (NP the (ADJP 5 % )ADJP stake )NP (SBAR (WHNP that )WHNP (S (NP Navigation Mixte officials )NP (VP had (ADVP earlier )ADVP (VP announced )VP )VP )S )SBAR )NP )PP )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Paris market sources )NP (VP said (SBAR (S (NP they )NP (VP believed (SBAR (S (NP Allianz )NP (VP was (VP buying (NP yesterday morning )NP )VP )VP )S )SBAR )VP )S )SBAR )VP )S , and (S (NP Navigation Mixte )NP (VP moved (ADVP up (NP (NP *UNKN francs )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN )NP )ADVP (S (VP to (VP close (PP at (NP *UNKN francs )NP )PP )VP )VP )S (PP in (NP heavy trading )NP )PP )VP )S . )S  STOP
(S (NP It )NP (VP was (NP (NP the first day )NP (PP of (NP trading )NP )PP (PP following (NP (NP the suspension )NP (PP of (NP Navigation Mixte shares )NP )PP (NP (NP last Monday )NP , (SBAR (WHADVP when )WHADVP (S (NP Paribas )NP (VP announced (NP its plan (S (VP to (VP pay (NP *UNKN francs )NP (PP for (NP each Navigation Mixte share )NP )PP )VP )VP )S )NP )VP )S )SBAR )NP )NP )PP )NP )VP . )S  STOP
(S (NP Allianz )NP (ADVP also )ADVP (VP holds (NP (NP a (ADJP 50 % )ADJP stake )NP (PP in (NP (NP (NP Navigation Mixte 's )NP insurance subsidiary )NP , (NP (NP one )NP (PP of (NP (NP France 's )NP largest insurance groups )NP )PP )NP , (SBAR (WHNP which )WHNP (S (NP it )NP (VP bought (PP for (NP (QP about 6.5 billion )QP francs )NP )PP (SBAR just before (S (NP Paribas )NP (VP launched (NP its bid )NP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP Navigation Mixte )NP (VP holds (NP the remaining 50 % )NP )VP . )S  STOP
(S (NP Allianz )NP (VP said (PP in (NP its statement )NP )PP (SBAR that (S (NP it )NP (VP was (VP acting (S (VP to (VP protect (NP (NP that interest )NP , (SBAR (WHNP which )WHNP (S (VP ties (NP it )NP (PP to (NP Navigation Mixte )NP )PP (PP as (NP a partner )NP )PP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Allianz 's )NP statement )NP (VP *UNKED (NP (NP the company 's )NP (ADJP (ADVP previously )ADVP announced )ADJP position (SBAR that (S (NP (NP Paribas 's )NP offer price )NP (VP is (ADJP too low )ADJP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Allianz )NP (ADVP also )ADVP (VP suggested , (PP without (S (VP saying (ADVP so )ADVP (ADVP directly )ADVP )VP )S )PP , (SBAR that (S (NP it )NP (VP *UNK (SBAR that (S (NP Paribas )NP (VP is n't (VP bidding (PP for (NP (NP all )NP (PP of (NP (NP Navigation Mixte 's )NP shares )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The problem )NP (ADVP here )ADVP )NP (PRN , (S (NP analysts )NP (VP say )VP )S , )PRN (VP is (SBAR that (S (SBAR if (S (NP Paribas )NP (VP wins (NP its *UNKN % )NP )VP )S )SBAR , (NP remaining Navigation Mixte shares )NP (VP will (VP fall (PP in (NP value )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP *UNK (NP (NP many current holders )NP , (PP such as (NP Allianz )NP )PP , (SBAR (WHNP which )WHNP (S (VP could n't (VP be (ADJP sure (PP of (S (VP selling (NP all their shares )NP (SBAR if (S (NP they )NP (VP tendered (PP to (NP Paribas )NP )PP )VP )S )SBAR )VP )S )PP )ADJP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The Allianz statement )NP (VP led (PP to (NP speculation (SBAR that (S (NP Allianz )NP (ADVP eventually )ADVP (VP could (VP sell (PP to (NP Paribas )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP That )NP (VP would (VP be (NP (NP bad news )NP (PP for (NP (NP (NP Navigation Mixte 's )NP current management )NP , (SBAR (WHNP which )WHNP (S (VP was (VP *UNKING (PP on (NP Allianz )NP )PP (S (VP to (VP help (S (VP fend (PRT off )PRT (NP Paribas )NP )VP )S )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP Allianz )NP (VP did n't (VP say (SBAR (WHNP whom )WHNP , (S (SBAR if (FRAG (NP anyone )NP )FRAG )SBAR , (NP it )NP (VP will (VP support )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP It )NP (VP said (ADVP simply )ADVP (SBAR that (S (NP it )NP (VP will (VP boost (NP its Navigation Mixte stake )NP (SBAR as (S (NP it )NP (VP sees (ADJP fit )ADJP )VP )S )SBAR (PP over (NP the coming days )NP )PP (S (VP to (VP protect (NP itself )NP )VP )VP )S , (ADVP (ADVP as long )ADVP (SBAR as (S (NP it )NP (VP has (NP (NP French regulatory officials ' )NP approval )NP )VP )S )SBAR )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Paribas )NP (ADVP currently )ADVP (VP intends (S (VP to (VP offer (NP (NP *UNKN francs )NP (NP a share )NP )NP (PP for (NP (NP Navigation Mixte shares )NP (SBAR (WHNP that )WHNP (S (VP receive (NP full dividends )NP (NP this year )NP )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP It )NP (VP is (S (VP to (VP offer (NP *UNKN francs )NP (PP for (NP (NP shares )NP (VP created (PP on (NP July 1 )NP )PP )VP , (SBAR (WHNP which )WHNP (S (VP receive (NP partial dividends )NP )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP it )NP (VP would (VP offer (S (VP to (VP swap (NP three Paribas shares )NP (PP for (NP one Navigation Mixte share )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP Paribas )NP (ADVP already )ADVP (VP holds (NP (NP (QP about *UNKN )QP % )NP (PP of (NP Navigation Mixte )NP )PP )NP )VP )S , and (S (NP (NP the acquisition )NP (PP of (NP the additional 48 % )NP )PP )NP (VP would (VP cost (NP it )NP (NP (QP about 11 billion )QP francs )NP (PP under (NP its current bid )NP )PP )VP )VP )S . )S  STOP
(S (NP The bid )NP (VP values (NP Navigation Mixte )NP (PP at (NP (QP around 23 billion )QP francs )NP )PP , (PP depending (PP on (SBAR (WHNP (WHNP (WHADJP how many )WHADJP holders )WHNP (PP of (NP Navigation Mixte warrants )NP )PP )WHNP (S (VP exchange (NP them )NP (PP for (NP shares )NP )PP (SBAR before (S (NP the bid )NP (VP expires )VP )S )SBAR )VP )S )SBAR )PP )PP )VP . )S  STOP
(S (NP (NP *UNKC Central Corp. )NP , (NP Cincinnati )NP , )NP (VP said (SBAR (S (NP it )NP (VP agreed (PP in (NP principle )NP )PP (S (VP to (VP acquire (NP (NP *UNKC Inc. 's )NP *UNKC Cable Co. unit )NP (PP for (NP (QP $ *UNKN million )QP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP (NP Carol Cable )NP , (VP based (PP in (NP (NP *UNKC )NP , (NP *UNKC )NP , )NP )PP )VP )NP (VP is (NP (NP a leading supplier )NP (PP of (NP (ADJP electrical and electronic )ADJP wire and cable )NP )PP (PP for (NP the distributor , retail and original equipment manufacturer markets )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Carol Cable )NP , (SBAR (WHNP which )WHNP (S (VP operates (NP 12 manufacturing plants )NP )VP )S )SBAR , )NP (VP had (NP (NP (NP operating profit )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP (PP on (NP (NP sales )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP (PP for (NP (NP the first six months )NP (PP of (NP this year )NP )PP )NP )PP )NP and (NP (NP operating profit )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP (PP on (NP (NP sales )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP (PP for (NP (NP all )NP (PP of (NP 1988 )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (NP (NP The maker )NP (PP of (NP telecommunications and defense equipment )NP )PP )NP (VP said (SBAR (S (NP (NP Carol Cable 's )NP portfolio and market focus )NP (VP would (VP *UNK (NP (NP the company 's )NP current wire and cable businesses )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The plan )NP (VP is (ADJP subject (PP to (NP (NP (NP a *UNK due *UNK investigation )NP (PP of (NP Carol Cable )NP )PP (PP by (NP *UNKC Central )NP )PP )NP , (NP a definitive agreement )NP and (NP regulatory *UNK )NP )NP )PP )ADJP )VP . )S  STOP
(S (NP *UNKC *UNKC Ltd. )NP (VP said (SBAR (S (NP its *UNKC unit )NP (VP agreed (S (VP to (VP acquire (NP certain Alberta oil and gas interests )NP (PP from (NP (NP Amoco Corp. 's )NP Canadian unit )NP )PP , (PP for (NP (NP (QP about 130 million )QP Canadian dollars )NP (PRN -LRB- (NP (QP US$ *UNKN million )QP )NP -RRB- )PRN )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP a big (ADJP New *UNKED )ADJP forest products concern )NP (PP with (NP (NP *UNK operations )NP (PP in (NP Canada )NP )PP )NP )PP )NP , )NP (VP said (SBAR (S (NP the assets )NP (VP include (NP (NP (NP stakes )NP (PP in (NP (NP (NP four natural gas fields )NP and (NP one oil field )NP )NP (PP near (NP (NP *UNKC )NP , (NP Alberta )NP , )NP )PP )NP )PP )NP plus (NP (NP gas processing facilities )NP and (NP (NP (QP about *UNKN )QP acres )NP (PP of (NP *UNKED land )NP )PP )NP )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The proposed purchase )NP (VP requires (NP (NP approval )NP (PP from (NP (NP Investment Canada )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP (NP large foreign investments )NP (PP in (NP Canada )NP )PP )NP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP (NP Amoco Canada Petroleum Co. )NP , (SBAR (WHNP which )WHNP (S (VP operates (NP (NP the major properties )NP (VP included (PP in (NP the asset package )NP )PP )VP )NP )VP )S )SBAR , )NP (VP said (SBAR (S (NP the sale )NP (VP is (NP (NP part )NP (PP of (NP a plan (S (VP to (VP *UNK (NP its assets )NP )VP )VP )S )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP a (ADJP New *UNKED )ADJP oil and gas producer )NP , )NP (VP said (SBAR (S (NP the planned purchase )NP (VP (VP would (VP be (NP (NP its first oil and gas acquisition )NP (PP outside (NP its home country )NP )PP )NP )VP )VP , and (VP would (VP form (NP (NP the basis )NP (PP for (NP (NP a new *UNK- exploration and production unit )NP (PP in (NP Canada )NP )PP )NP )PP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP MiniScribe Corp. )NP , (NP (NP *UNKC )NP , (NP Colo. )NP , )NP )NP (VP said (SBAR (S (NP it )NP (VP introduced (NP (NP a (ADJP *UNK- high )ADJP , *UNK- hard disk drive )NP (SBAR (WHNP that )WHNP (S (NP it )NP (VP hopes (SBAR (S (VP will (VP prove (ADJP popular (PP with (NP (NP makers )NP (PP of (NP *UNK- (ADJP laptop and portable )ADJP computers )NP )PP )NP )PP )ADJP )VP )VP )S )SBAR )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The troubled disk drive maker )NP (VP aims (PP with (NP the new (ADJP 3 *UNK- )ADJP *UNK )NP )PP (S (VP to (VP revive (NP its reputation and sales growth )NP )VP )VP )S )VP . )S  STOP
(S (NP MiniScribe )NP (VP said (SBAR (S (NP the disk drives )NP (VP have (NP (NP more memory capacity )NP (PP than (NP (NP other *UNK )NP (NP that size )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP MiniScribe )NP (VP said (SBAR (S (NP it )NP (VP expects (S (VP to (VP begin (NP (NP full volume production )NP (PP of (NP the drives )NP )PP )NP (PP in (NP (NP the U.S. )NP and (NP Singapore )NP )NP )PP (PP in (NP (NP the first quarter )NP (NP next year )NP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A drive )NP (PP with (NP (NP 120 *UNK )NP (PP of (NP capacity )NP )PP )NP )PP )NP (VP is (VP scheduled (PP for (NP (NP release )NP (PP during (NP (NP the third quarter )NP (PP of (NP 1990 )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP MiniScribe )NP (VP has (VP been (PP on (NP the *UNK )NP )PP (SBAR since (S (NP it )NP (VP disclosed (NP early this year )NP (SBAR that (S (NP (NP its earnings reports )NP (PP for (NP 1988 )NP )PP )NP (VP were n't (ADJP *UNK )ADJP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (PP After (NP an internal investigation )NP )PP , (NP the company )NP (VP found (SBAR that (S (NP senior officials )NP (VP used (NP (NP a variety )NP (PP of (NP *UNK )NP )PP )NP (S (VP to (VP *UNK (NP sales gains )NP )VP )VP )S , (PP including (S (VP counting (NP (NP shipments )NP (PP of (NP (NP *UNK )NP and (NP defective drives )NP )NP )PP )NP (PP as (NP sales )NP )PP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The New York Times Co. )NP (VP said (SBAR (S (NP it )NP (VP reached (NP (NP a settlement )NP (PP with (NP (NP independent home delivery dealers )NP (PP in (NP the *UNK New York area )NP )PP )NP )PP (SBAR (WHNP that )WHNP (S (VP will (VP free (S (NP the newspaper )NP (VP to (VP expand (NP home delivery circulation )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The settlement )NP (VP stemmed (PP from (NP (NP a lawsuit )NP (SBAR (S (NP the dealers )NP (VP filed (PP in (NP 1982 )NP )PP (SBAR (WHADVP when )WHADVP (S (NP the Times )NP (VP began (NP its own competing direct delivery service )NP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (S (NP The pact )NP (VP calls (SBAR for (S (NP the Times )NP (VP to (VP pay (NP dealers )NP (NP (NP (NP (QP $ 3.6 million )QP )NP (PP over (NP six years )NP )PP )NP , (CONJP as well as )CONJP (NP (NP other payments )NP (PP in (NP (NP the form )NP (PP of (NP (NP subsidies )NP (PP over (NP three years )NP )PP )NP )PP )NP )PP , (VP based (PP (PP on (NP (NP the number )NP (PP of `` (NP (NP new customers )NP (VP started (PP by (NP the dealers )NP )PP )VP )NP )PP )NP )PP and (PP on (NP pricing structures )NP )PP )PP )VP )NP )NP )VP )VP )S )SBAR )VP )S , '' (NP the Times )NP (VP said )VP . )S  STOP
(S (NP (NP The amount )NP (PP of (NP the settlement )NP )PP )NP (VP will (VP be (VP taken (PP as (NP (NP a charge )NP (PP against (NP earnings )NP )PP )NP )PP (PP in (NP the fourth quarter )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP The settlement )NP , (SBAR (WHNP which )WHNP (S (VP involves (NP (NP most )NP (PP of (NP (NP the 300 independent newspaper dealers )NP (PP in (NP the New York area )NP )PP )NP )PP )NP )VP )S )SBAR , )NP (VP will (VP allow (S (NP the Times )NP (VP to (VP (ADVP *UNKLY )ADVP operate (NP its own direct home delivery system )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Home delivery )NP (VP is (NP (NP the (ADJP *UNK growing )ADJP segment )NP (PP of (NP (NP the Times 's )NP (QP 1.1 million )QP daily circulation )NP )PP )NP )VP . )S  STOP
(S (ADVP Currently )ADVP , (NP (NP (QP about 60 )QP % )NP (PP of (NP (NP home delivery subscribers )NP (PP in (NP the New York area )NP )PP )NP )PP )NP (VP receive (NP the paper )NP (ADVP directly )ADVP (PP from (NP the Times )NP )PP )VP . )S  STOP
(S (NP (NP Mercury Savings & Loan Association )NP , (NP (NP *UNKC Beach )NP , (NP Calif. )NP )NP , )NP (VP reported (NP (NP a third-quarter loss )NP (PP of (NP (NP (QP $ 3.9 million )QP )NP , or (NP (NP 61 cents )NP (NP a share )NP )NP )NP )PP )NP , (PP compared (PP with (NP (NP net income )NP (PP of (NP (NP (QP $ 1.4 million )QP )NP , or (NP (NP 22 cents )NP (NP a share )NP )NP )NP )PP , (PP in (NP the year-earlier quarter )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP Mercury )NP (VP attributed (NP the loss )NP (PP to (NP (NP (NP rapid *UNK )NP (PP of (NP loans )NP )PP )NP and (NP (NP costs )NP (VP incurred (PP in (S (VP refinancing (NP many house loans )NP (NP (NP this past spring and summer )NP , (SBAR (WHADVP when )WHADVP (S (NP interest rates )NP (VP *UNKED )VP )S )SBAR )NP )VP )S )PP )VP )NP )NP )PP )VP . )S  STOP
(S (NP The thrift )NP (VP hired (NP an investment banker )NP (NP earlier this month )NP (S (VP to (VP advise (NP it )NP (PP regarding (NP a possible sale or merger )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Mercury )NP (ADVP also )ADVP (VP is (VP (VP *UNKING (NP itself )NP )VP , (NP (NP part )NP (PP of (NP its plan (S (VP to (VP change (NP its emphasis )NP (PP from (S (VP buying (NP mortgage loans )NP (PP from (NP mortgage brokers )NP )PP )VP )S )PP (PP to (S (VP making (NP loans )NP (ADVP directly )ADVP )VP )S )PP )VP )VP )S )NP )PP )NP )VP )VP . )S  STOP
(SINV (S (NP Such a focus )NP (VP (VP is `` (ADJP (ADJP more profitable )ADJP , (ADJP more efficient )ADJP )ADJP )VP and (VP gives (NP us )NP (NP (NP a greater sense )NP (PP of (NP control )NP )PP )NP )VP )VP )S , '' (VP said )VP (NP (NP William A. *UNKC )NP , (NP (NP Mercury 's )NP senior executive vice president )NP )NP . )SINV  STOP
(S (PP As (PP of (NP Sept. 30 )NP )PP )PP , (NP (NP Mercury 's )NP assets )NP (VP were (NP (QP $ 2.25 billion )QP )NP , (ADVP down (PP from (NP (QP $ *UNKN billion )QP )NP (ADVP (NP a year )NP ago )ADVP )PP )ADVP )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP Mercury )NP (VP posted (NP (NP a loss )NP (PP of (NP (NP (QP $ 5.4 million )QP )NP , or (NP (NP 86 cents )NP (NP share )NP )NP )NP )PP )NP , (PP against (NP (NP net income )NP (PP of (NP (NP (QP $ 4 million )QP )NP , or (NP (NP 63 cents )NP (NP share )NP )NP , )NP )PP (ADVP (NP a year )NP earlier )ADVP )NP )PP )VP . )S  STOP
(S (NP Mercury shares )NP (VP closed (NP yesterday )NP (PP at (NP $ *UNKN )NP )PP , (ADVP up (NP 50 cents )NP )ADVP , (PP in (NP New York Stock Exchange composite trading )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC Fund Inc. )NP , (NP New York )NP , )NP (ADVP likely )ADVP (VP will (VP reject (NP (NP a renewed offer )NP (PP from (NP Florida investor Robert I. Green )NP )PP (S (VP to (VP buy (NP *UNKC )NP (PP for (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP )VP )VP )S )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC Levine )NP , (NP *UNKC secretary and treasurer )NP , )NP (VP said (SBAR (S (NP (NP the *UNK- fund 's )NP directors )NP (VP will (VP consider (NP (NP Mr. Green 's )NP offer )NP (PP in (NP (NP a couple )NP (PP of (NP weeks )NP )PP )NP )PP (PP at (NP a regular meeting )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP He )NP (VP has n't (VP added (NP anything )NP )VP )VP )S , '' (NP Mr. Levine )NP (VP said , (S (VP predicting (SBAR (S (NP the board )NP (VP will (ADVP again )ADVP (VP reject (NP (NP Mr. Green 's )NP proposal )NP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (PP In (NP a Securities and Exchange Commission filing )NP )PP , (NP Mr. Green )NP (VP said (SBAR (S (NP he )NP (VP had (VP (VP boosted (NP (NP his holdings )NP (PP in (NP *UNKC common )NP )PP )NP (PP to (NP *UNKN % )NP )PP (PP from (NP 8.5 % )NP )PP )VP , and (VP renewed (NP (NP an offer )NP (SBAR (S (NP he )NP (VP made (PP in (NP March )NP )PP )VP )S )SBAR (S (VP to (VP acquire (NP the fund )NP )VP )VP )S )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Levine )NP (VP noted (SBAR that (S (NP (NP *UNKC 's )NP shares )NP (VP have (VP been (VP trading (PP at or above (NP (NP Mr. Green 's )NP offering price )NP )PP (PP for (NP the last several months )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP *UNKC attorneys )NP (VP are (VP scheduled (S (VP to (VP meet (PP with (NP (NP Mr. Green 's )NP attorneys )NP )PP (PP in (NP Delaware *UNKC Court )NP )PP (PP at (NP (NP the end )NP (PP of (NP this week )NP )PP )NP )PP (S (VP to (VP respond (PP to (NP (NP (NP the investor 's )NP request )NP (PP for (NP (NP company records )NP (PP for (NP the past five years )NP )PP )NP )PP )NP )PP )VP )VP )S )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Green )NP (VP could n't (VP be (VP reached )VP )VP )VP . )S  STOP
(S (NP Giant Group )NP (VP said (SBAR (S (NP (NP a federal court )NP (PP in (NP Delaware )NP )PP )NP (VP has (VP denied (NP (NP a motion )NP (PP by (NP (NP Rally 's )NP Inc. )NP )PP (VP seeking (S (VP to (VP block (NP (NP a group )NP (VP led (PP by (NP Giant Chairman *UNKC Sugarman )NP )PP )VP )NP (PP from (S (VP acquiring (NP (NP more )NP (PP of (NP (NP the company 's )NP shares )NP )PP )NP )VP )S )PP )VP )VP )S )VP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Rally 's )NP , (NP (NP a fast-food chain )NP (VP based (PP in (NP (NP Louisville )NP , (NP Ky. )NP )NP )PP )VP )NP , )NP (VP is (VP *UNKING (SBAR that (S (NP (NP Mr. Sugarman )NP and (NP two other company directors )NP )NP (VP failed (S (VP to (VP disclose (PP to (NP the Securities and Exchange Commission )NP )PP (SBAR that (S (NP they )NP (VP intended (S (VP to (VP acquire (NP a big Rally stake )NP )VP )VP )S )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Mr. Sugarman )NP (VP has (PP in (NP turn )NP )PP (VP contended (SBAR that (S (NP (NP the other major shareholder group )NP (PRN -- (SBAR (WHNP whose interests )WHNP (S (VP are (VP represented (PP by (NP (NP three other directors )NP (VP connected (PP to (NP (NP *UNK )NP (PP in (NP (NP the name )NP (PP of (NP (NP the children )NP (PP of (NP (NP (NP the company 's )NP founder )NP , (NP James *UNKC )NP )NP )PP )NP )PP )NP )PP )NP )PP )VP )NP )PP )VP )VP )S )SBAR -- )PRN )NP (VP has (NP (NP ties )NP (PP to (NP (NP a competing fast food chain )NP , (NP (NP *UNKC 's )NP International Inc )NP )NP )PP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The company )NP (NP last week )NP (VP *UNKED (NP (NP a *UNK- committee )NP (PP of (NP (NP directors )NP (VP *UNKED (PP with (NP neither side )NP )PP )VP )NP )PP )NP (S (VP to (VP *UNK (NP the situation )NP )VP )VP )S )VP . )S  STOP
(S (NP Each group )NP (VP controls (NP (NP (QP more than 40 )QP % )NP (PP of (NP (NP Rally 's )NP stock )NP )PP )NP )VP . )S  STOP
(S (NP The company )NP (VP (ADVP just )ADVP went (ADJP public )ADJP (NP earlier this month )NP )VP . )S  STOP
(S (NP Rally 's )NP (VP (VP had (NP no comment )NP )VP , but (VP was (VP expected (S (VP to (VP make (NP (NP an announcement )NP )NP (NP this morning )NP (PP about (NP the situation )NP )PP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP *UNKC *UNKC *UNKC )NP (VP won (NP (NP a (ADJP $ 400,000 )ADJP federal court jury *UNK )NP (PP against (NP Young & Rubicam )NP )PP )NP (PP in (NP (NP a case )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP (NP a popular advertising industry practice )NP (PP of (S (VP using (NP `` *UNK- '' *UNK )NP (S (VP to (VP *UNK (NP products )NP )VP )VP )S )VP )S )PP )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP The decision )NP (PP in (NP Los Angeles federal court )NP )PP )NP (VP stems (PP from (NP (NP a 1985 Mercury *UNKC TV ad )NP (SBAR (WHNP that )WHNP (S (NP Young & Rubicam )NP (VP worked (PRT up )PRT (PP for (NP Ford Motor Co )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (S (NP The ad agency )NP (VP had (VP approached (NP Ms. *UNKC )NP (PP about (NP *UNKING )NP )PP )VP )VP )S , but (S (NP she )NP (VP declined , (S (VP citing (NP (NP a longstanding policy )NP (PP of (S (VP *UNKING (NP advertising work )NP )VP )S )PP )NP )VP )S )VP )S . )S  STOP
(S (NP The agency )NP (ADVP then )ADVP (VP turned (PP to (NP (NP a former *UNK singer )NP (PP for (NP Ms. *UNKC )NP )PP (SBAR (WHNP who )WHNP (S (VP (VP appeared (PP in (NP the ad )NP )PP )VP and (VP *UNKED (SBAR (WHNP what )WHNP (S (VP was (VP (ADVP generally )ADVP considered (S (NP (NP a (ADJP (ADVP more than )ADVP *UNK )ADJP *UNK )NP (PP of (NP (NP (NP Ms. *UNKC 's )NP 1973 hit song )NP `` (NP Do You *UNKC *UNKC )NP )NP )PP )NP )S )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )VP . '' )S  STOP
(S (NP The appeals court )NP (VP held : `` (S (SBAR (WHADVP When )WHADVP (S (NP (NP a *UNK voice )NP (PP of (NP a professional singer )NP )PP )NP (VP (VP is (VP (ADVP widely )ADVP known )VP )VP and (VP is (VP (ADVP *UNKLY )ADVP *UNKED (SBAR in order (S (VP to (VP sell (NP a product )NP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR , (NP the sellers )NP (VP have (VP *UNKED (SBAR (WHNP what )WHNP (S (VP is not (NP *UNK )NP )VP )S )SBAR )VP )VP )S )VP . '' )S  STOP
(S (NP (NP The judge )NP (PP in (NP the jury trial )NP )PP )NP (VP said (SBAR (S (NP there )NP (VP was (NP (NP *UNK evidence )NP (SBAR (S (VP to (VP hold (S (NP Ford )NP (ADJP *UNK )ADJP )S (PP in (NP the case )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP a statement )NP )PP , (NP Young & Rubicam )NP (VP called (S (NP the award )NP `` (ADJP *UNK but *UNK )ADJP )S )VP . '' )S  STOP
(S (NP (NP Peter *UNKC )NP , (NP (NP a Los Angeles lawyer )NP (PP for (NP Ms. *UNKC )NP )PP )NP , )NP (VP said , `` (S (NP We )NP (VP believe (SBAR that (S (NP the *UNK )NP (VP *UNK (NP (NP her position )NP and (NP our position )NP (SBAR that (S (NP (NP advertisers )NP and (NP advertising agencies )NP )NP (VP can not (PP with (NP *UNK )NP )PP (VP *UNK (NP (NP the *UNK )NP (PP of (NP well-known *UNK )NP )PP )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP That )NP (VP is (NP (NP a property right )NP (SBAR (WHNP that )WHNP (S (VP *UNK (PP to (NP the *UNK )NP )PP )VP )S )SBAR )NP )VP . '' )S  STOP
(S (NP The award )NP , (SBAR although (S (ADJP (ADJP far less )ADJP (PP than (NP (NP the (QP $ 10 million )QP )NP , (PP including (NP *UNK damages )NP )PP , (SBAR (WHNP that )WHNP (S (NP Ms. *UNKC )NP (VP sought )VP )S )SBAR )NP )PP )ADJP )S )SBAR , (VP is (ADJP likely (S (VP to (VP force (S (NP Madison Avenue )NP (VP to (ADVP further )ADVP (VP *UNK (SBAR (WHADVP how )WHADVP (S (NP they )NP (VP use (NP famous *UNK )NP (PP in (NP ads )NP )PP )VP )S )SBAR )VP )VP )S )VP )VP )S )ADJP )VP . )S  STOP
(S (NP (NP Last year 's )NP appeals court decision )NP , (PP for (NP instance )NP )PP , (VP *UNKED (NP (NP several suits )NP , (PP (ADVP reportedly )ADVP including (NP (NP a recent action )NP (PP by (NP (NP the *UNK )NP (PP of (NP singer *UNKC *UNKC )NP )PP )NP )PP (PP against (NP McDonald 's Corp. )NP )PP (PP over (NP (NP its `` Mac *UNKC '' TV commercials )NP , (NP (NP a rough *UNK )NP (PP of (NP (NP Mr. *UNKC 's )NP (NP `` *UNKC the *UNKC '' *UNK )NP )NP )PP )NP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP The *UNK- decision )NP (NP last year )NP )NP (VP was (ADJP particularly surprising )ADJP (SBAR because (S (NP the same court )NP (VP had (VP dismissed (NP (NP a similar case )NP )NP (PP in (NP 1970 )NP )PP (VP involving (NP (NP singer *UNKC *UNKC )NP and (NP (NP a *UNK ad )NP (PRN -- (ADVP also )ADVP (NP a Young & Rubicam product )NP )PRN )NP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Ms. *UNKC )NP (VP sued (PP over (NP (NP the use )NP (PP of (NP her `` (S (NP These *UNKC )NP (VP are (VP *UNKC (PP for (NP *UNKC ' )NP )PP )VP )VP )S '' song )NP )PP (PP in (NP the ad )NP )PP )NP )PP )VP . )S  STOP
(S (PP At (NP that time )NP )PP , (NP the court )NP (VP held (SBAR that (S (NP such a claim )NP (VP would (VP interfere (PP with (NP (NP federal *UNK law )NP , (SBAR (WHNP which )WHNP (S (VP (VP has (ADVP always )ADVP (VP *UNKED (PRT down )PRT (PP on (NP (NP the *UNKED *UNKING )NP (PP of (NP (NP *UNK )NP and (NP *UNK *UNK )NP )NP )PP )NP )PP )VP )VP but (VP (ADVP never )ADVP (NP actual *UNK )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (NP (NP One thing )NP (SBAR (WHNP that )WHNP (S (VP is (ADJP a little *UNKING )ADJP )VP )S )SBAR )NP (VP is (SBAR that (S (NP you )NP (VP had (S (NP (NP three old men )NP (PP on (NP (NP the court )NP (PP of (NP appeals )NP )PP (PP in (NP California )NP )PP )NP )PP )NP (VP coming (PRT up )PRT (PP with (NP a statement (SBAR (SBAR that (S (NP *UNKC *UNKC )NP (VP is not (ADJP *UNK )ADJP )VP )S )SBAR but (SBAR that (S (NP *UNKC Midler )NP (VP is )VP )S )SBAR )SBAR )NP )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP I )NP (VP am not (ADJP sure (SBAR that (S (NP (NP judges )NP , (SBAR (WHNP (WHNP many )WHNP (WHPP of (WHNP whom )WHNP )WHPP )WHNP (S (NP I )NP (VP like (ADVP very much )ADVP )VP )S )SBAR , )NP (VP are (NP (NP proper *UNK )NP (PP for (S (VP making (NP (NP *UNK )NP (PP about (NP pop *UNK )NP )PP )NP )VP )S )PP )NP )VP )S )SBAR )ADJP )VP )S , '' (VP said )VP (NP (NP Richard *UNKC )NP , (NP a New York advertising lawyer )NP )NP . )SINV  STOP
(S (ADVP Nonetheless )ADVP , (NP Mr. *UNKC )NP (VP said (SBAR that (S (NP the latest decisions )NP (VP are (VP having (NP a *UNKING effect )NP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP It )NP (VP (VP has (VP made (S (NP people )NP (VP think (ADVP twice )ADVP (PP about (SBAR (WHADVP how )WHADVP (S (NP they )NP (VP use (NP music )NP )VP )S )SBAR )PP )VP )S )VP )VP and (VP is (VP forcing (S (NP them )NP (VP to (VP be (ADJP more *UNK (PP about (S (VP doing (NP (NP a particular *UNK )NP (PP of (NP a song )NP )PP )NP (PP in (NP its (ADJP most famous )ADJP form )NP )PP )VP )S )PP )ADJP )VP )VP )S )VP )VP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP contributed (PP to (NP this article )NP )PP )VP . )S  STOP
(S (NP (NP James River Corp. )NP , (NP (NP Richmond )NP , (NP Va. )NP )NP , )NP (VP said (SBAR (S (NP it )NP (VP acquired (NP (NP the tissue operations )NP (PP of (NP (NP *UNKC N.V. )NP (PP of (NP the Netherlands )NP )PP )NP )PP )NP (PP for (NP (QP about $ 77 million )QP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The Dutch unit )NP , (VP known (PP as (NP *UNKC *UNKC )NP )PP )VP , )NP (VP is (NP (NP a leading maker )NP (PP of (NP (NP (UCP consumer and *UNK- )UCP tissue products )NP (PP for (NP the *UNKC region )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP the acquisition )NP (VP includes (NP (NP production assets )NP (PP of (NP (NP *UNKC *UNKC )NP , (NP (NP a maker )NP (PP of (NP (NP household tissue products )NP (PP for (NP (NP the U.K. )NP and (NP Ireland )NP )NP )PP )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (NP The combined operations )NP (VP had (NP (NP 1988 revenue )NP (PP of (NP (QP about $ 100 million )QP )NP )PP )NP )VP . )S  STOP
(S (NP (NP James River )NP , (NP (NP a maker )NP (PP of (NP pulp , paper and plastic products )NP )PP )NP , )NP (ADVP already )ADVP (VP has (NP (NP interests )NP (PP in (NP (NP tissue businesses )NP (PP in (NP France , Spain , Italy and Turkey )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP it )NP (VP plans (S (VP to (VP form (NP European ventures )NP (PP with (NP (ADJP Italian and *UNKC )ADJP companies )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNKC operations )NP (VP would (VP become (NP (NP part )NP (PP of (NP those ventures )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC S.A. )NP (PP of (NP (NP *UNKC )NP , (NP Mexico )NP , )NP )PP )NP (VP said (SBAR (S (NP its *UNKC Corp. subsidiary )NP (VP has (VP entered (PP into (NP definitive loan agreements )NP )PP (PP in (NP (NP connection )NP (PP with (NP (NP (NP *UNKC 's )NP (ADJP $ *UNK- )ADJP tender offer )NP (PP for (NP *UNKC Glass *UNKC Corp )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The agreements )NP (VP are (PP with (NP (NP Security Pacific National Bank )NP and (NP (NP an affiliate )NP (PP of (NP Donaldson , Lufkin & Jenrette Securities Corp )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP (NP Proceeds )NP (PP of (NP the loan agreement )NP )PP )NP , (ADVP together (PP with (NP (NP funds )NP (PP from (NP *UNKC )NP )PP )NP )PP )ADVP , (VP will (VP permit (NP (NP (NP the purchase )NP (PP of (NP (NP all shares )NP (ADJP outstanding )ADJP (PP of (NP *UNKC )NP )PP )NP )PP )NP and (NP (NP the payment )NP (PP of (NP all related costs and expenses )NP )PP )NP )NP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP the definitive agreements )NP (VP require (SBAR that (S (NP *UNKC )NP (VP obtain (NP a *UNK )NP (PP from (NP (NP its bank lenders )NP (PP of (NP (NP existing *UNK defaults )NP (PP under (NP its bank facilities )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (SBAR Since (S (NP *UNKC )NP (VP is (ADVP still )ADVP (VP seeking (NP this *UNK )NP )VP )VP )S )SBAR , (NP *UNKC )NP (VP said (SBAR (S (NP the tender offer )NP (VP is (VP being (VP extended (PP until (NP (NP 5 p.m. EST )NP (NP tomorrow )NP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The dollar )NP (VP finished (ADJP mostly stronger )ADJP (NP yesterday )NP , (S (VP boosted (PP by (NP (NP a modest recovery )NP (PP in (NP share prices )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (NP The Dow Jones Industrial Average )NP (VP climbed (NP *UNKN points )NP (PP in (NP (NP a *UNK )NP (PP of (NP *UNKING )NP )PP (PP following (NP (NP last week 's )NP declines )NP )PP )NP )PP )VP . )S  STOP
(SINV `` (S (NP *UNKC )NP (VP is (VP fixed (PP on (NP the stock market )NP )PP (PP for (NP (NP lack )NP (PP of (NP (NP anything else )NP (SBAR (S (VP to (VP *UNK (NP our *UNK )NP (PP into )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S , '' (VP said )VP (NP (NP Robert White )NP , (NP (NP a vice president )NP (PP at (NP (NP First Interstate )NP (PP of (NP California )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP Some analysts )NP (VP predict (SBAR that (S (PP in (NP (NP the absence )NP (PP of (NP (NP *UNKING news )NP (SBAR (S (VP to (VP push (NP the U.S. unit )NP (ADVP sharply higher or lower )ADVP )VP )VP )S )SBAR )NP )PP )NP )PP , (NP the currency )NP (VP is (ADJP likely (S (VP to (VP *UNK (PP below (NP *UNKN marks )NP )PP (NP this week )NP )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S But (NP others )NP (VP (VP reject (NP the view )NP )VP , and (VP forecast (SBAR (S (NP the dollar )NP (VP will (VP continue (S (VP to (VP hold (NP its current tight trading pattern )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP They )NP (VP argue (SBAR that (S (NP (NP weakness )NP (PP in (NP both the yen and sterling )NP )PP )NP (VP (VP have (VP helped (S (VP offset (NP bearish U.S. economic news )NP )VP )S )VP )VP and (VP have (VP *UNK (NP support )NP (PP to (NP the dollar )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP late New York trading )NP )PP (NP yesterday )NP , (NP the dollar )NP (VP was (VP quoted (PP (PP at (NP (NP *UNKN marks )NP , (ADVP up (PP from (NP *UNKN marks )NP (NP late Friday )NP )PP )ADVP )NP )PP , and (PP at (NP (NP 141.90 yen )NP , (ADVP up (PP from (NP *UNKN yen )NP (NP late Friday )NP )PP )ADVP )NP )PP )PP )VP )VP . )S  STOP
(S (NP Sterling )NP (VP was (VP quoted (PP at (NP (NP $ *UNKN )NP , (ADVP up (PP from (NP (NP $ *UNKN )NP (NP late Friday )NP )NP )PP )ADVP )NP )PP )VP )VP . )S  STOP
(S (NP The dollar )NP (VP rose (PP against (NP the Swiss and French francs )NP )PP )VP . )S  STOP
(S (PP In (NP Tokyo )NP )PP (NP Tuesday )NP , (NP the U.S. currency )NP (VP opened (PP for (NP trading )NP )PP (PP at (NP (NP *UNKN yen )NP , (ADVP up (PP from (NP (NP (NP Monday 's )NP Tokyo close )NP (PP of (NP *UNKN yen )NP )PP )NP )PP )ADVP )NP )PP )VP . )S  STOP
(S (NP Last week )NP , (NP (NP the surprise resignation )NP (PP of (NP British (NAC Chancellor (PP of (NP the Exchequer )NP )PP )NAC Nigel Lawson )NP )PP )NP (VP sent (NP the British pound )NP (PP into (NP a *UNK )NP )PP )VP . )S  STOP
(S (SBAR While (S (NP sterling )NP (VP *UNKED (ADVP back (PP from (NP session lows )NP )PP )ADVP (PP in (NP (NP a *UNK )NP (PP of (NP *UNKING )NP )PP )NP )PP (NP yesterday )NP )VP )S )SBAR , (NP foreign exchange dealers )NP (VP said (SBAR that (S (NP any hopes (SBAR that (S (NP the pound )NP (VP would (ADVP soon )ADVP (VP post (NP significant gains )NP )VP )VP )S )SBAR )NP (VP have (VP *UNKED )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Traders )NP (VP said (SBAR that (S (NP (NP statements )NP (VP made (PP over (NP the weekend )NP )PP (S (VP to (VP *UNK (NP (NP concern )NP (PP about (NP (NP (NP the stability )NP (PP of (NP (NP Prime Minister *UNKC Thatcher 's )NP government )NP )PP )NP and (NP (NP the future )NP (PP of (NP her economic program )NP )PP )NP )NP )PP )NP )VP )VP )S )VP )NP (VP (ADVP largely )ADVP failed (S (VP to (VP (VP *UNK (NP investors )NP )VP and (VP bolster (NP the *UNKING British unit )NP )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP her first *UNKED interview )NP (PP following (NP (NP Mr. Lawson 's )NP resignation )NP )PP )NP )PP , (NP Mrs. Thatcher )NP (VP (VP *UNKED (NP her desire (S (VP to (VP keep (S (NP sterling )NP (ADJP strong )ADJP )S )VP )VP )S )NP )VP and (VP warned (ADVP again )ADVP (SBAR that (S (NP (NP full entry )NP (PP into (NP (NP the European Monetary System 's )NP exchange rate *UNK )NP )PP )NP (VP would (VP provide (NP (NP no easy solution )NP (PP to (NP (NP Britain 's )NP economic troubles )NP )PP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP She )NP (VP said (SBAR that (S (NP (NP the timing )NP (PP of (NP (NP the United Kingdom 's )NP entry )NP )PP )NP (VP would (VP *UNK (PP on (NP (NP the speed )NP (SBAR (WHPP with (WHNP which )WHNP )WHPP (S (NP other members )NP (VP *UNK (NP their economies )NP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Mrs. Thatcher 's )NP remarks )NP (VP were (VP seen (PP as (NP (NP a *UNK )NP (PP to (NP (NP several leading members )NP (PP of (NP her own *UNKC Party )NP )PP (SBAR (WHNP who )WHNP (S (VP have (VP called (PP for (NP (NP a (ADJP more *UNK- )ADJP British commitment )NP (PP to (NP the *UNKC )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP At (NP the same time )NP )PP , (NP a recent poll )NP (VP shows (SBAR that (S (NP Mrs. Thatcher )NP (VP has (VP hit (NP (NP the lowest popularity rating )NP (PP of (NP any British leader )NP )PP (SBAR since (S (NP *UNKING )NP (VP began (ADVP (NP 50 years )NP ago )ADVP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP by (NP (NP John Major )NP , (SBAR (WHNP who )WHNP (S (VP has (VP succeeded (NP Mr. Lawson )NP )VP )VP )S )SBAR , )NP )PP )NP (ADVP also )ADVP (VP failed (S (VP to (VP damp (NP market concern )NP )VP )VP )S , (PP despite (NP his *UNK (S (VP to (VP maintain (NP (ADJP relatively high )ADJP British interest rates )NP )VP )VP )S )NP )PP )VP . )S  STOP
(S (PP According (PP to (NP one *UNKED analyst )NP )PP )PP , (NP even higher interest rates )NP (VP wo n't (VP help (NP the pound )NP (SBAR if (S (NP (NP Britain 's )NP government )NP (VP continues (S (VP to (VP appear (ADJP *UNK )ADJP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP One U.S. trader )NP , (ADVP however )ADVP , (VP dismissed (NP sterling *UNK )NP (SBAR while (S (VP *UNKING (SBAR (S (NP there )NP (VP is (NP (NP little immediate *UNK potential )NP (PP for (NP the U.K. unit )NP )PP )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S `` (S (S (NP There )NP (VP is (NP no question (SBAR that (S (NP the situation )NP (VP is (ADJP bad )ADJP )VP )S )SBAR )NP )VP )S , but (S (NP we )NP (VP may (VP be (VP painting (NP (NP a *UNK picture )NP (SBAR than (S (NP we )NP (VP should )VP )S )SBAR )NP )VP )VP )VP )S )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP He )NP (VP predicts (SBAR (S (NP the pound )NP (VP will (VP continue (S (VP to (VP trade (PP in (NP a (ADJP very volatile )ADJP fashion )NP )PP , (PP with `` (NP (NP fits )NP (PP of (S (VP being (VP *UNK and *UNK )VP )VP )S )PP )NP '' )PP )VP )VP )S (PP before (S (VP *UNKING (NP its losses )NP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Dealers )NP (ADVP also )ADVP (VP note (SBAR that (S (NP (NP the general lack )NP (PP of (NP (NP *UNK )NP (PP for (NP the yen )NP )PP )NP )PP )NP (VP has (VP helped (S (VP bolster (NP the U.S. dollar )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP *UNK (SBAR that (S (NP (NP *UNK Japanese investor demand )NP (PP for (NP (NP dollars )NP (PP for (NP (UCP both portfolio and direct )UCP investment )NP )PP )NP )PP )NP (VP has (VP kept (NP (NP a base )NP (PP of (NP (NP support )NP (PP for (NP the dollar )NP )PP )NP )PP (PP at (NP (QP around 140 )QP yen )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The dollar )NP (VP began (NP yesterday )NP (PP on (NP a firm note )NP )PP (PP in (NP Tokyo )NP )PP , (S (VP closing (ADVP higher )ADVP (PP in (NP late trade )NP )PP )VP )S )VP . )S  STOP
(S (PP In (NP Europe )NP )PP , (NP the dollar )NP (VP closed (ADVP slightly up )ADVP (PP in (NP (NP a market )NP (VP dominated (PP by (NP cross trades )NP )PP )VP )NP )PP )VP . )S  STOP
(S (PP On (NP (NP the Commodity Exchange )NP (PP in (NP New York )NP )PP )NP )PP , (NP (NP gold )NP (PP for (NP current delivery )NP )PP )NP (VP settled (PP at (NP (NP $ *UNKN )NP (NP an ounce )NP )NP )PP , (ADVP down (NP 70 cents )NP )ADVP )VP . )S  STOP
(S (NP Estimated volume )NP (VP was (NP a moderate (QP 3.5 million )QP ounces )NP )VP . )S  STOP
(S (PP In (NP (NP early trading )NP (PP in (NP Hong Kong )NP )PP )NP )PP (NP Tuesday )NP , (NP gold )NP (VP was (VP quoted (PP at (NP (NP $ *UNKN )NP (NP an ounce )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP General Electric Capital Corp. 's )NP *UNKC Bank USA )NP (VP acquired (NP a *UNKC and *UNKC portfolio )NP (PP from (NP (NP Commercial Federal Savings & Loan Association )NP , (NP (NP an (NAC *UNKC , *UNKC , )NAC unit )NP (PP of (NP (NP Commercial Federal Corp. )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP Terms )NP (VP were n't (VP disclosed )VP )VP . )S  STOP
(S (S (NP The portfolio )NP (ADVP currently )ADVP (VP includes (NP (NP (QP $ 95 million )QP )NP (PP in (NP receivables )NP )PP )NP )VP )S , (NP GE Capital )NP (VP said )VP . )S  STOP
(S (NP GE Capital )NP (VP is (NP (NP a financial services subsidiary )NP (PP of (NP (NP General Electric Co. )NP (PP of (NP (NP *UNKC )NP , (NP Conn. )NP , )NP )PP (SBAR (WHNP which )WHNP (S (ADVP also )ADVP (VP has (NP (UCP broadcasting and *UNK- )UCP businesses )NP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP GE Capital )NP (VP said (SBAR (S (NP Commercial Federal Savings )NP (VP will (VP continue (S (VP to (VP market (NP *UNKC and *UNKC programs )NP )VP )VP )S (SBAR while (S (NP *UNKC )NP (VP (VP provides `` (NP operational and marketing support )NP '' )VP and (VP (ADVP actually )ADVP owns (NP the accounts )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (S (PP With (NP the acquisition )NP )PP , (NP (NP *UNKC )NP , (NP (NP *UNKC *UNKC )NP , (NP Ohio )NP , )NP )NP (VP has (NP (QP more than 2.4 million )QP total accounts )NP )VP )S , (NP GE Capital )NP (VP added )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP *UNKC (PP in (NP three cities )NP )PP (S (VP to (VP demand (NP democratic *UNK )NP )VP )VP )S )VP . )S  STOP
(S (SBAR As (S (NP (NP (NP the country 's )NP new leader )NP , (NP *UNKC Krenz )NP , )NP (VP prepared (S (VP to (VP travel (PP to (NP Moscow )NP )PP (NP today )NP (PP for (NP (NP talks )NP (PP with (NP Soviet leader Gorbachev )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR , (NP (NP hundreds )NP (PP of (NP (NP thousands )NP (PP of (NP East Germans )NP )PP )NP )PP )NP (VP *UNKED (PP in (NP (NP the streets )NP (PP of (NP (NP *UNKC )NP , (NP *UNKC )NP and (NP *UNKC )NP )NP )PP )NP )PP (S (VP to (VP call (PP for (NP (NP internal *UNK )NP and (NP (NP the *UNK )NP (PP of (NP the New *UNKC opposition group )NP )PP )NP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Krenz )NP , (ADVP however )ADVP , (VP (VP vowed (S (VP to (VP preserve (NP (NP (NP the Communist Party 's )NP hold )NP (PP on (NP political power )NP )PP )NP )VP )VP )S )VP and (VP said (SBAR (S (NP East Germans )NP (VP should n't (VP *UNK (NP the nation )NP (PP with (NP *UNK demands )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Communist officials )NP (NP this month )NP (VP have (VP faced (NP (NP (ADJP nearly daily )ADJP *UNK- protests )NP , (VP accompanied (PP by (NP (NP the flight )NP (PP to (NP the West )NP )PP (PP by (NP (NP thousands )NP (PP of (NP East Germans )NP )PP )NP )PP )NP )PP )VP )NP )VP )VP . )S  STOP
(S (NP Soviet police )NP (VP *UNKED (PP with (NP *UNK )NP )PP (PP in (NP Moscow )NP )PP (PP following (NP (NP a *UNK *UNK )NP (PP around (NP (NP the *UNKC 's )NP *UNKC headquarters )NP )PP (PP in (NP (NP memory )NP (PP of (NP (NP those )NP (VP *UNKED (PP under (NP *UNKC )NP )PP )VP )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (QP More than 1,000 )QP *UNKC )NP (VP attended (NP the service )NP )VP . )S  STOP
(S (NP A *UNK group )NP (VP *UNKED (PP in (NP (NP *UNKC Square )NP , (SBAR (WHADVP where )WHADVP (S (NP the police )NP (VP *UNKED and *UNKED (NP (NP a number )NP (PP of (NP protesters )NP )PP )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP in (NP *UNKC )NP )PP )NP (VP *UNKED (NP (NP (QP about 1,000 )QP *UNK *UNKC )NP (SBAR (WHNP who )WHNP (S (VP were (VP *UNKING (NP (NP the trial )NP (PP of (NP (NP the former Communist Party chief )NP (PP of (NP (NP the southern *UNK )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP and (NP 14 others )NP )NP (VP are (VP accused (PP of (S (VP (VP *UNKING (NP *UNK and strikes )NP )VP and (VP opposing (NP (NP constitutional limits )NP (PP to (NP (NP *UNKC 's )NP *UNK )NP )PP )NP )VP )VP )S )PP )VP )VP . )S  STOP
(S (SBAR If (S (VP convicted )VP )S )SBAR , (NP they )NP (VP could (VP be (VP sentenced (PP to (NP death )NP )PP )VP )VP )VP . )S  STOP
(S (S (NP (NP A court )NP (PP in (NP *UNKC )NP )PP )NP (VP sentenced (NP a *UNKC )NP (PP to (NP 16 life terms )NP )PP (PP for (S (VP forcing (NP a bus )NP (PP off (NP a *UNK )NP )PP (NP July 6 )NP , (S (VP killing (NP 16 people )NP )VP )S )VP )S )PP )VP )S , (NP Israeli radio )NP (VP reported )VP . )S  STOP
(S (NP He )NP (ADVP also )ADVP (VP received (NP *UNK- sentences )NP (PP for (NP (NP each )NP (PP of (NP (NP the 24 passengers )NP (VP injured )VP )NP )PP )NP )PP )VP . )S  STOP
(S (NP It )NP (VP was (VP considered (S (NP (NP the *UNK sentence )NP (VP passed (PP since (NP (NP the start )NP (PP of (NP (NP the *UNK- Arab *UNKING )NP (PP in (NP the *UNKED *UNK )NP )PP )NP )PP )NP )PP )VP )NP )S )VP )VP . )S  STOP
(S (NP (UCP U.S. and Soviet )UCP negotiators )NP (VP opened (NP (NP talks )NP (PP in (NP New York )NP )PP (VP aimed (PP at (S (VP *UNKING (NP (NP differences )NP (PP in (NP proposals (S (VP to (VP reduce (NP *UNK- *UNK )NP )VP )VP )S )NP )PP )NP )VP )S )PP )VP )NP )VP . )S  STOP
(S (SBAR While (S (NP the *UNKC )NP (VP has (VP urged (NP (NP a ban )NP (PP on (NP (NP output )NP (PP of (NP the poison *UNK )NP )PP )NP )PP )NP )VP )VP )S )SBAR , (NP the White House )NP (VP wants (S (VP to (VP continue (S (VP producing (NP the weapons )NP )VP )S (SBAR even after (S (NP (NP an international treaty )NP (VP calling (PP for (NP their destruction )NP )PP )VP )NP (VP is (VP signed )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP (NP South Africa 's )NP government )NP (VP said (SBAR (S (NP (NP *UNK demonstrations )NP (PP such as (NP (NP the *UNK- rally )NP (NP Sunday )NP (PP near (NP *UNKC )NP )PP )NP )PP )NP (VP have (VP (VP helped (S (VP ease (NP *UNK )NP )VP )S )VP and (VP *UNKED (NP political changes )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (QP About *UNKN )QP people )NP (VP attended (NP (NP the *UNK- rally )NP , (SBAR (WHPP at (WHNP which )WHNP )WHPP (S (NP (NP leaders )NP (PP of (NP the banned African National Congress )NP )PP )NP (VP refused (S (VP to (VP *UNK (NP (NP violence )NP (SBAR (S (VP to (VP end (NP apartheid )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NAC Secretary (PP of (NP State )NP )PP )NAC Baker )NP (VP expressed (NP concern (SBAR that (S (NP Nicaraguan President Ortega )NP (VP may (VP attempt (S (VP to (VP use (NP (NP alleged attacks )NP (PP by (NP the *UNKED Contra rebels )NP )PP )NP (PP as (NP (NP an excuse )NP (SBAR (S (VP to (VP *UNK (NP (NP elections )NP (VP scheduled (PP for (NP February )NP )PP )VP )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Ortega )NP (VP had (VP threatened (S (VP to (VP end (NP a *UNK- *UNK )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Baker 's )NP remarks )NP (VP came (SBAR as (S (NP the White House )NP (VP urged (NP both sides )NP (S (VP to (VP honor (NP the *UNK )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNKC Lexington )NP (VP returned (PP to (NP (NP *UNK )NP (PP in (NP (NP *UNKC )NP , (NP Fla. )NP , )NP )PP )NP )PP (PP following (NP (NP an accident )NP (NP Sunday )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP (NP the pilot )NP (PP of (NP a training jet )NP )PP )NP (VP *UNKED (PP into (NP the ship )NP )PP , (S (VP killing (NP five *UNK )NP )VP )S )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP The *UNK )NP (PP of (NP (NP the aircraft carrier )NP , (NP (NP the *UNK )NP (PP in (NP the Navy )NP )PP )NP , )NP )PP )NP (VP said (SBAR (S (NP the *UNK )NP (VP was (VP making (NP his first attempt (S (VP to (VP land (PP on (NP a carrier )NP )PP )VP )VP )S )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Four people )NP (VP *UNKED (NP three U.S. *UNK )NP (PP on (NP (NP the central steps )NP (PP of (NP the U.S. Capitol )NP )PP )NP )PP (PP in (NP a bid (S (VP to (VP test (NP (NP a new federal law )NP (VP protecting (NP the American flag )NP (PP from (NP *UNK )NP )PP )VP )NP )VP )VP )S )NP )PP )VP . )S  STOP
(S (NP All four demonstrators )NP (VP were (VP arrested )VP )VP . )S  STOP
(S (NP (NP The law )NP , (SBAR (WHNP which )WHNP (S (NP Bush )NP (VP allowed (S (VP to (VP take (NP effect )NP (PP without (NP his *UNK )NP )PP )VP )VP )S )VP )S )SBAR , )NP (VP went (PP into (NP force )NP )PP (NP Friday )NP )VP . )S  STOP
(S (NP Chinese officials )NP (VP said (SBAR (S (NP *UNKED police )NP (VP would (VP replace (NP *UNK )NP (PP in (NP *UNKC Square )NP )PP (PP as (NP (NP part )NP (PP of (NP (NP a *UNKING down )NP (PP of (NP (NP (NP Beijing 's )NP *UNK- state )NP (PP of (NP emergency )NP )PP )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (ADVP Separately )ADVP , (NP the U.S. *UNKC )NP (VP has (VP filed (NP three protests )NP (PP in (NP (QP as many )QP days )NP )PP (PP with (NP (NP China 's )NP government )NP )PP , (S (VP alleging (NP (NP *UNK )NP (PP of (NP (NP *UNK )NP and (NP their families )NP )NP )PP )NP )VP )S )VP )VP )S , (NP an *UNK source )NP (VP said )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP in (NP *UNKC )NP )PP )NP (VP said (SBAR (S (NP (NP the toll )NP (PP from (NP (NP two earthquakes )NP (NP Sunday )NP )NP )PP )NP (VP had (VP reached (NP (NP (QP at least 30 )QP dead )NP and (NP (QP about 250 )QP injured )NP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNK damage )NP (VP was (VP reported (PP in (NP (NP *UNKC )NP , (ADVP (NP (QP about 40 )QP miles )NP *UNK (PP of (NP *UNKC )NP )PP )ADVP )NP )PP )VP )VP . )S  STOP
(S (SBAR As (S (NP rescue teams )NP (VP continued (S (VP *UNKING (PP for (NP victims )NP )PP )VP )S )VP )S )SBAR , (NP (NP hundreds )NP (PP of (NP *UNK )NP )PP )NP (VP accused (NP the government )NP (PP of (NP (NP a *UNK response )NP (PP following (NP the *UNK )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Britain 's )NP Thatcher )NP (VP *UNKED (NP senior advisers )NP (PP for (NP strategy talks )NP )PP (SBAR as (S (NP opinion polls )NP (VP showed (SBAR (S (NP (NP the prime minister 's )NP popularity )NP (VP had (VP hit (NP a record low )NP (PP following (NP (NP the resignation )NP (NP last Thursday )NP (PP of (NP (NAC Chancellor (PP of (NP the Exchequer )NP )PP )NAC Lawson )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP One poll )NP , (VP conducted (PP for (NP the British Broadcasting Corp. )NP )PP )VP , )NP (VP found (SBAR that (S (NP (NP 52 % )NP (PP of (NP voters )NP )PP )NP (VP believed (SBAR that (S (NP she )NP (VP should (VP quit )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP in (NP Hungary )NP )PP )NP (VP approved (NP (NP legislation )NP (VP *UNKING (NP *UNK )NP (PP to (NP (NP many people )NP (VP convicted (PP of (NP (NP crimes )NP (ADJP *UNK (PP by (NP (NP (QP less than three )QP years )NP (PP in (NP prison )NP )PP )NP )PP )ADJP )NP )PP )VP )NP )PP )VP )NP )VP . )S  STOP
(S (NP They )NP (ADVP also )ADVP (VP established (NP (NP an office )NP (SBAR (S (VP to (VP control (NP government and party finances )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The laws )NP (VP take (NP effect )NP (NP next month )NP )VP . )S  STOP
(FRAG (VP *UNKED )VP : (NP (NP Robert *UNK Van *UNKC )NP , (NP 63 )NP , (NP (NP chairman )NP (PP of (NP *UNKC *UNKC Life Insurance Co. )NP )PP )NP , )NP (NP Sunday )NP , (PP in (NP (NP *UNKC )NP , (NP N.J. )NP , )NP )PP (PP of (NP cancer )NP )PP . )FRAG  STOP
(S (NP *UNKC Corp. )NP (VP said (SBAR (S (NP it )NP (VP was (VP awarded (NP a (ADJP (QP $ 300 million )QP )ADJP contract (S (VP to (VP provide (NP (UCP engineering and *UNK- )UCP services )NP (PP at (NP (NP a copper mine )NP (PP in (NP (NP *UNKC *UNKC )NP , (NP *UNKC )NP , )NP )PP )NP )PP (PP for (NP (NP a unit )NP (PP of (NP *UNKC *UNKC Co )NP )PP )NP )PP )VP )VP )S )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP , (VP based (PP in (NP (NP *UNKC )NP , (NP Calif. )NP )NP )PP )VP , )NP (VP will (VP direct (NP (NP expansion )NP (PP of (NP (NP the mine 's )NP capacity )NP )PP (PP to (NP (NP *UNKN metric tons )NP (NP a day )NP )NP )PP (PP from (NP (NP *UNKN metric tons )NP (NP a day )NP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP the project )NP )PP )NP (VP is (VP expected (PP by (NP *UNK- )NP )PP )VP )VP . )S  STOP
(S (PP In (NP 1988 )NP )PP , (NP *UNKC )NP (VP had (NP (NP (NP revenue )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP and (NP (NP earnings )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 71 cents )NP (NP a share )NP )NP )NP )PP )NP )NP )VP . )S  STOP
(S (NP *UNKC Computer AG )NP , (S (VP citing (NP continued profitability problems )NP )VP )S , (VP said (SBAR (S (NP it )NP (VP will (VP have (S (VP to (VP reduce (NP personnel )NP (ADVP further )ADVP , (PP (ADVP notably )ADVP in (NP research and development sectors )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The troubled (ADJP West German )ADJP computer company )NP (VP said , (PP in (NP (NP a statement )NP (PP to (NP its employees )NP )PP )NP )PP , (SBAR that (S (NP (NP the number )NP (PP of (NP *UNK )NP )PP (VP working (PP in (NP product development )NP )PP )VP )NP (VP will (VP be (VP reduced (ADVP world-wide )ADVP (PP to (NP *UNKN )NP )PP (PP from (NP *UNKN )NP )PP (PP by (NP (NP the end )NP (PP of (NP 1990 )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The number )NP (PP of (NP workers )NP )PP (PP in (NP production sectors )NP )PP )NP (VP will (VP be (VP cut (PP by (NP *UNKN )NP )PP , (PP to (NP *UNKN )NP )PP (PP by (NP September )NP )PP )VP )VP )VP . )S  STOP
(S (NP The cuts )NP (VP will (VP be (VP made (UCP (PP (ADVP half )ADVP within (NP Germany )NP )PP and (ADVP half abroad )ADVP )UCP )VP )VP )VP . )S  STOP
(S (PP In (NP (NP the first nine months )NP (PP of (NP 1989 )NP )PP )NP )PP , (NP *UNKC )NP (VP said , (SBAR (S (NP sales )NP (VP rose (NP 5 % )NP (PP amid (NP (NP good growth )NP (PP in (NP (NP selected areas )NP (PP such as (NP (NP banks )NP and (NP trading companies )NP )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (ADVP also )ADVP (VP (VP cited (NP (NP some success )NP (PP in (S (VP *UNKING (NP cost increases )NP )VP )S )PP )NP )VP and (VP said (SBAR (S (NP it )NP (VP wants (S (VP to (VP return (PP to (NP profitability )NP )PP (PP in (NP 1990 )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP It )NP (VP cited (NP (NP the expected beneficial effects )NP (PP of (NP (NP (NP a *UNK )NP (PP on (NP key products )NP )PP )NP , (NP (NP further structural changes )NP (PP within (NP the group )NP )PP )NP and (NP (NP cooperation agreements )NP (PP with (NP other companies )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC *UNKC *UNKC )NP (VP is (VP being (VP sought (PP by (NP (NP another big paper company )NP , (NP Georgia-Pacific )NP , )NP )PP (PP for (NP (NP (NP $ 58 )NP (NP a share )NP )NP , or (NP (QP about $ *UNKN billion )QP )NP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP The tender offer )NP , (SBAR (WHNP which )WHNP (S (VP surprised (NP analysts )NP (SBAR because (S (NP it )NP (VP appeared (S (VP to (VP be (ADJP *UNKED )ADJP )VP )VP )S )VP )S )SBAR )VP )S )SBAR , )NP (VP could (VP spark (NP (NP a period )NP (PP of (NP industry consolidation )NP )PP )NP )VP )VP . )S  STOP
(S (NP Analysts )NP (VP questioned (SBAR whether (S (NP Georgia-Pacific )NP (VP will (ADVP ultimately )ADVP (VP *UNK )VP )VP )S )SBAR , (S (VP saying (SBAR (S (NP other paper concerns )NP (VP may (VP make (NP competing bids )NP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP Two more securities firms )NP (VP *UNKED (PP to (NP (NP the outcry )NP (PP over (NP program trading )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP GE 's )NP Kidder Peabody unit )NP (VP said (SBAR (S (NP it )NP (VP would (VP stop (S (VP doing (NP stock-index arbitrage )NP (PP for (NP its own account )NP )PP )VP )S )VP )VP )S )SBAR , (SBAR while (S (NP Merrill Lynch )NP (VP said (SBAR (S (NP it )NP (VP was (VP *UNKING (NP such trading )NP (ADVP entirely )ADVP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (ADVP Also )ADVP , (NP the Big Board )NP (VP met (PP with (NP angry stock specialists )NP )PP )VP . )S  STOP
(S (NP A big *UNK- case )NP (VP will (VP be (VP *UNKED (PP by (NP the Supreme Court )NP )PP )VP )VP )VP . )S  STOP
(S (NP The *UNK )NP (VP agreed (S (VP to (VP decide (SBAR whether (S (NP federal insurers )NP (VP can (VP require (S (NP LTV )NP (VP to (VP take (PRT back )PRT (NP (NP *UNK )NP (PP for (S (VP funding (NP its (ADJP (QP $ 2.3 billion )QP )ADJP pension *UNK )NP )VP )S )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP Drug companies )NP (VP lost (NP a major liability case )NP )VP . )S  STOP
(S (NP The Supreme Court )NP (VP let (SINV (VP stand )VP (NP a New York ruling (SBAR that (S (NP (NP all manufacturers )NP (PP of (NP an *UNK- drug )NP )PP )NP (VP are (ADJP *UNK (PP for (NP injuries or deaths )NP )PP )ADJP (SBAR if (S (NP the actual maker )NP (VP is n't (ADJP known )ADJP )VP )S )SBAR )VP )S )SBAR )NP )SINV )VP . )S  STOP
(S (NP Revco )NP (VP received (NP a (ADJP (QP $ *UNKN million )QP )ADJP takeover offer )NP (PP from (NP (NP Texas financier Robert Bass )NP and (NP *UNKC Partners )NP )NP )PP )VP . )S  STOP
(S (NP The *UNK chain )NP (VP reacted (ADVP *UNKLY )ADVP , (S (VP saying (SBAR (S (NP the plan )NP (VP would (VP (ADVP further )ADVP *UNK (NP (NP its huge debt )NP , (SBAR (WHNP which )WHNP (S (VP forced (NP the company )NP (PP into (NP Chapter 11 protection )NP )PP (NP last year )NP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP Rockefeller Group )NP (VP agreed (S (VP to (VP sell (NP a (ADJP 51 % )ADJP interest )NP (PP to (NP (NP Mitsubishi Estate )NP , (NP a major Japanese developer and property owner )NP , )NP )PP (PP for (NP (QP $ *UNKN million )QP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP Officials )NP (PP at (NP some Rockefeller units )NP )PP )NP (VP are (VP said (S (VP to (VP be (ADJP *UNK (PP with (NP the agreement )NP )PP )ADJP )VP )VP )S )VP )VP . )S  STOP
(S (NP Continental Air )NP (VP replaced (NP its top executive )NP (PP for (NP (NP the sixth time )NP (PP in (NP (ADJP as many )ADJP years )NP )PP )NP )PP )VP . )S  STOP
(S (NP Chairman and Chief Executive Joseph *UNKC )NP (VP was (VP succeeded (PP by (NP (NP Frank Lorenzo )NP , (NP (NP chief )NP (PP of (NP parent Texas Air )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP United Air 's )NP parent )NP (VP may (VP have (S (VP to (VP pay (NP (QP as much as $ *UNKN million )QP )NP (PP to (NP the labor-management buy-out group )NP )PP (PP for (NP (NP fees and expenses )NP (VP incurred (PP in (NP their failed (ADJP (QP $ 6.79 billion )QP )ADJP takeover bid )NP )PP )VP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP Gen-Probe )NP (VP agreed (S (VP to (VP be (VP bought (PP by (NP Chugai Pharmaceutical )NP )PP (PP for (NP (QP about $ 110 million )QP )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP The sale )NP (VP is (ADJP likely (S (VP to (VP fuel (NP (NP concern )NP (PP about (NP (NP growing Japanese investment )NP (PP in (NP U.S. biotechnology firms )NP )PP )NP )PP )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (S (NP Boeing )NP (VP posted (NP (NP a (ADJP 68 % )ADJP jump )NP (PP in (NP third-quarter earnings )NP )PP )NP )VP )S , but (S (NP (NP Wall Street 's )NP attention )NP (VP was (VP focused (PP on (NP (NP the continued strike )NP (PP at (NP the aircraft maker )NP )PP )NP )PP )VP )VP )S . )S  STOP
(S (NP The Fed )NP (VP delayed (NP (NP approval )NP (PP of (NP (NP (NP First Union 's )NP (ADJP (QP $ *UNKN million )QP )ADJP acquisition )NP (PP of (NP Florida National Banks )NP )PP )NP )PP )NP (PP pending (NP (NP a review )NP (PP of (NP (NP (NP First Union 's )NP lending practices )NP (PP in (NP low-income neighborhoods )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Allianz )NP (PP of (NP West Germany )NP )PP )NP (VP entered (NP (NP the takeover battle )NP (PP between (NP (NP France 's )NP Paribas and Navigation Mixte )NP )PP )NP )VP . )S  STOP
(S (NP Maxwell )NP (VP agreed (S (VP to (VP sell (NP its U.S. printing unit )NP (PP to (NP Quebecor )NP )PP (PP for (NP (QP $ 500 million )QP )NP )PP , (S (VP making (S (NP Quebecor )NP (NP (NP the No. 2 commercial printer )NP (PP in (NP North America )NP )PP )NP )S )VP )S )VP )VP )S )VP . )S  STOP
(S (NP New construction contracts )NP (VP rose (NP 8 % )NP (PP in (NP September )NP )PP , (S (VP led (PP by (NP (ADJP commercial , industrial and *UNK- )ADJP projects )NP )PP )VP )S , (PP according (PP to (NP *UNKC Dodge Group )NP )PP )PP )VP . )S  STOP
(S (NP Western Union )NP (VP took (NP (NP steps )NP (SBAR (S (VP to (VP withdraw (NP a (ADJP (QP $ 500 million )QP )ADJP debt swap )NP )VP )VP )S )SBAR )NP , (S (VP citing (NP (NP turmoil )NP (PP in (NP the junk bond market )NP )PP )NP )VP )S )VP . )S  STOP
(NP Markets -- )NP  STOP
(NP (NP Stocks )NP : (NP (NP Volume )NP (NP *UNKN shares )NP )NP . )NP  STOP
(NP (NP (NP Dow Jones industrials )NP (NP *UNKN )NP , (ADVP up (NP *UNKN )NP )ADVP )NP ; (NP (NP transportation )NP (NP *UNKN )NP , (ADVP up (NP *UNKN )NP )ADVP )NP ; (NP (NP utilities )NP (NP *UNKN )NP , (ADVP up (NP *UNKN )NP )ADVP )NP . )NP  STOP
(NP (NP Bonds )NP : (NP (NP Shearson Lehman Hutton Treasury index )NP (NP *UNKN )NP , (ADVP up )ADVP )NP )NP  STOP
(NP (NP Commodities )NP : (NP (NP (NP Dow Jones futures index )NP (NP *UNKN )NP , (ADVP off (NP *UNKN )NP )ADVP )NP ; (NP (NP spot index )NP (NP *UNKN )NP , (ADVP off (NP *UNKN )NP )ADVP )NP )NP . )NP  STOP
(NP (NP Dollar )NP : (NP (NP (NP 141.90 yen )NP , (ADVP up (NP 0.25 )NP )ADVP )NP ; (NP (NP *UNKN marks )NP , (ADVP up (NP *UNKN )NP )ADVP )NP )NP . )NP  STOP
(S (NP Pacific *UNKC Group )NP (VP said (SBAR (S (NP its Pacific Bell unit )NP (VP sustained (NP (NP property damage )NP (PP of (NP (QP about $ 45 million to $ 50 million )QP )NP )PP (PP from (NP (NP the California earthquake )NP (NP earlier this month )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The (ADJP San *UNKED )ADJP telecommunications company )NP (VP said (SBAR (S (NP it )NP (VP carries (NP (NP (QP $ 150 million )QP )NP (PP of (NP earthquake insurance )NP )PP (PP with (NP a (ADJP (QP $ 10 million )QP )ADJP *UNK provision )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Sam *UNKC )NP , (NP (NP chairman )NP and (NP chief executive officer )NP )NP , )NP (VP told (NP (NP securities analysts )NP (PP in (NP New York )NP )PP )NP (SBAR that (S (NP the company )NP (VP expects (NP (ADJP somewhat slower )ADJP per-share earnings growth )NP (PP in (NP 1990 )NP )PP , (SBAR although (S (NP annual growth )NP (VP should (VP return (PP to (NP (NP the traditional figure )NP (PP of (NP (QP about 7 )QP % )NP )PP )NP )PP (ADVP thereafter )ADVP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP As (NP (NP factors )NP (VP *UNKING (PP to (NP the temporary slowdown )NP )PP )VP )NP )PP , (NP he )NP (VP cited (NP (NP one-time rate reductions )NP (VP *UNKED (PP by (NP California regulators )NP )PP (PP as (NP (NP a *UNK )NP (PP to (NP (NP a new *UNK )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP profit *UNK )NP )VP )S )SBAR )NP )PP )NP )PP )VP )NP )VP . )S  STOP
(S (NP He )NP (ADVP also )ADVP (VP mentioned (NP (NP increased capital investment )NP (PP by (NP Pacific Bell )NP )PP (PP for (NP network improvements )NP )PP )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP (NP the company 's )NP cellular operations )NP (ADVP now )ADVP (VP serve (NP (QP about *UNKN )QP customers )NP , (ADVP up (NP 46 % )NP (PP from (ADVP (NP a year )NP ago )ADVP )PP )ADVP )VP )S )SBAR )VP . )S  STOP
(S (S (NP General Motors Corp. )NP (VP is (VP planning (S (VP to (VP build (NP (NP a new engine plant )NP )NP (PP in (NP Europe )NP )PP (SBAR (WHNP that )WHNP (S (VP may (VP be (VP built (PP in (NP Britain )NP )PP )VP )VP )VP )S )SBAR )VP )VP )S , (PP provided (SBAR (S (NP the company )NP (VP can (VP reach (NP a *UNK agreement )NP (PP with (NP unions )NP )PP )VP )VP )S )SBAR )PP )VP )VP )S , (NP sources )NP (VP said )VP . )S  STOP
(S (NP (NP Officials )NP (PP of (NP (NP *UNKC Motors Ltd. )NP , (NP (NP GM 's )NP British unit )NP , )NP )PP )NP (VP were (VP meeting (PP with (NP union leaders )NP )PP (NP late yesterday )NP (PP in (NP (NP hopes )NP (PP of (S (VP winning (NP such an accord )NP )VP )S )PP )NP )PP )VP )VP . )S  STOP
(S (NP The engine plant )NP (VP may (VP *UNK (NP (NP plans )NP (PP for (NP (NP a joint components venture )NP (PP with (NP Jaguar )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (S (ADVP *UNKLY )ADVP , (NP a separate engine plant )NP (VP may (VP be (VP built (PP as (NP (NP part )NP (PP of (NP (NP (NP GM 's )NP planned *UNK- )NP (PP with (NP the British luxury car maker )NP )PP )NP )PP )NP )PP )VP )VP )VP )S , (NP the sources )NP (VP said )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP (NP a `` (ADJP complex and detailed )ADJP '' announcement )NP (PP of (NP (NP a joint agreement )NP (PP between (NP (NP General Motors )NP and (NP Jaguar )NP )NP )PP )NP )PP )NP (VP would (VP be (VP made (PP by (NP Jaguar )NP )PP `` (NP (NP some time )NP (PP in (NP the next (QP 2 1\/2 )QP weeks )NP )PP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Cray Research Inc. )NP (VP won (NP (NP government clearance )NP (PP for (NP (NP its proposed reorganization )NP (PP of (NP (NP founder *UNKC Cray 's )NP supercomputer design team )NP )PP (PP into (NP a separate company )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Internal Revenue Service approval )NP (PP of (NP the move )NP )PP (PP as (NP a tax-free transaction )NP )PP )NP (VP was (NP (NP the last *UNK )NP (PP to (S (VP *UNKING (PRT up )PRT (NP (NP (NP the world 's )NP dominant maker )NP (PP of (NP *UNK )NP )PP , (SBAR (WHNP which )WHNP (S (NP Mr. Cray )NP (VP founded (PP in (NP 1974 )NP )PP )VP )S )SBAR )NP )VP )S )PP )NP )VP . )S  STOP
(S (NP (NP Cray 's )NP directors )NP (VP set (NP Nov. 15 )NP (PP as (NP (NP the record date )NP (PP for (NP (NP distribution )NP (PP of (NP (NP shares )NP (PP in (NP (NP the new company )NP , (SBAR (S (VP to (VP be (VP called (S (NP Cray Computer Corp )NP )S )VP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP It )NP (VP will (VP trade (PP over (NP the counter )NP )PP (PP under (NP the symbol *UNKC )NP )PP )VP )VP . )S  STOP
(S (NP The plan )NP (VP calls (SBAR for (S (NP Cray Research holders )NP (VP to (VP receive (NP (NP one share )NP (PP in (NP the new company )NP )PP )NP (PP for (NP (NP every two shares )NP (VP held )VP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP An estimated (QP *UNKN million )QP Cray Computer shares )NP (VP will (VP be (VP distributed )VP )VP )VP )S , (NP Cray Research )NP (VP said )VP . )S  STOP
(S (PP Under (NP the accord )NP )PP , (NP Cray Research )NP (VP (VP will (VP transfer (PP to (NP (NP Mr. Cray 's )NP *UNKING operation )NP )PP (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP (NP assets )NP (VP (ADVP primarily )ADVP related (PP to (NP (NP the *UNKC development project )NP (SBAR (S (NP his team )NP (VP is (VP *UNKING )VP )VP )S )SBAR )NP )PP )VP )NP )PP )NP )VP )VP and (VP will (VP lend (NP Cray Computer )NP (NP (QP $ *UNKN million )QP )NP )VP )VP )VP . )S  STOP
(S (NP Cray Research )NP (VP will (VP retain (NP (NP a (ADJP 10 % )ADJP interest )NP (PP in (NP (NP the new company )NP , (SBAR (WHNP which )WHNP (S (VP will (VP be (VP based (PP in (NP (NP Colorado Springs )NP , (NP *UNKC )NP )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP it )NP (VP announced (NP the planned *UNK )NP (PP in (NP May )NP )PP )VP )S )SBAR , (NP Cray Research )NP (VP said (SBAR (S (NP (NP development costs )NP (PP of (NP several competing projects )NP )PP )NP (VP were (VP *UNKING (NP its earnings growth )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP After (NP the split )NP )PP , (NP the two companies )NP (ADVP *UNKLY )ADVP (VP will (VP be (NP (NP rivals )NP (PP for (NP (NP orders )NP (PP from (NP (UCP government and commercial )UCP customers )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC Systems Inc. )NP , (NP (NP *UNKC *UNKC )NP , (NP Mich. )NP , )NP )NP (VP said (SBAR (S (NP it )NP (VP will (VP report (SBAR (S (NP (NP net income )NP (PP for (NP (NP the fourth quarter )NP (VP ended (NP Sept. 30 )NP )VP )NP )PP )NP (VP fell (PP to (NP (NP $ *UNKN )NP , or (NP (NP 11 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP $ *UNKN )NP , or (NP (NP 19 cents )NP (NP a share )NP )NP )NP , (ADVP (NP a year )NP earlier )ADVP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Chairman Carl L. *UNKC )NP (VP said (SBAR (S (NP the decline )NP (VP occurred (SBAR although (S (NP revenue )NP (VP rose (NP 30 % )NP (PP to (NP (QP more than $ 8.3 million )QP )NP )PP (PP from (NP (QP $ 6.4 million )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The company )NP , (SBAR (WHNP which )WHNP (S (VP makes (NP computer parts )NP )VP )S )SBAR )NP (VP said (SBAR (S (NP fiscal 1989 earnings )NP (VP were (ADVP `` down (ADVP slightly )ADVP '' (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 74 cents )NP (NP a share )NP )NP )NP , (PP in (NP fiscal *UNK )NP )PP )PP )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP fiscal 1989 revenue )NP (VP increased (NP (QP about 30 )QP % )NP (PP to (NP (QP more than $ 32 million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR that (S (NP early signs )NP (VP point (PP to (NP (NP improved earnings and revenue )NP (PP in (NP (NP the first quarter )NP (PP of (NP fiscal 1990 )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP (NP The current backlog )NP (PP of (NP orders )NP )PP )NP (VP is (ADJP strong )ADJP (PP throughout (NP the corporation )NP )PP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP *UNKC Corp. )NP (VP (VP said (SBAR (S (NP it )NP (VP filed (PP for (NP (NP protection )NP (PP under (NP (NP Chapter 11 )NP (PP of (NP the federal Bankruptcy Code )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP and (VP announced (NP (NP a (ADJP 35 % )ADJP reduction )NP (PP in (NP its world-wide employment )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP The filing )NP (PP in (NP (NP bankruptcy court )NP (ADVP here )ADVP )NP )PP )NP (VP follows (NP (NP a string )NP (PP of (NP (NP quarterly losses )NP and (NP product *UNK )NP )NP )PP (PP for (NP (NP the maker )NP (PP of (NP (NP *UNK drives )NP (PP for (NP *UNK and *UNK )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP had (NP (NP a loss )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP (PP for (NP (NP the fiscal year )NP (VP ended (NP July 7 )NP )VP )NP )PP )NP , (PP compared (PP with (NP (NP year-earlier profit )NP (PP of (NP (NP $ *UNKN )NP , or (NP (NP two cents )NP (NP a share )NP )NP )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP (NP Revenue )NP (PP for (NP the year )NP )PP )NP (VP fell (NP 13 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP (NP The *UNK- staff *UNK )NP (VP announced (NP yesterday )NP )VP )NP (VP will (VP bring (NP (NP *UNKC 's )NP employment )NP (PP to (NP (NP (QP about *UNKN )QP workers )NP , (NP (NP (QP less than half )QP )NP (PP of (SBAR (WHNP what )WHNP (S (NP it )NP (VP was (PP before (NP (NP a similar , *UNK- reduction )NP (PP in (NP August )NP )PP )NP )PP )VP )S )SBAR )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP The company )NP (NP yesterday )NP (ADVP also )ADVP (VP said (SBAR (S (NP it )NP (VP was (VP *UNKING (NP (NP (NP one )NP (PP of (NP its major new products )NP )PP )NP , (NP (NP a *UNK- drive )NP , (SBAR (WHNP which )WHNP (S (PRN , (SBAR while (S (ADJP *UNKLY *UNK )ADJP )S )SBAR , )PRN (VP did n't (VP hold (NP (NP much promise )NP (PP of (S (VP *UNKING (NP substantial orders )NP )VP )S )PP )NP (SBAR because (S (NP financing problems )NP (VP caused (NP (NP a nine-month delay )NP (PP in (S (VP getting (NP the product )NP (PP to (NP market )NP )PP )VP )S )PP )NP )VP )S )SBAR )VP )VP )S )SBAR )NP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The French *UNKC Ministry )NP (VP approved (NP (NP a planned asset swap )NP (PP between (NP (NP the defense and electronics group *UNKC S.A. )NP and (NP the bank group Credit *UNKC )NP )NP )PP )NP )VP . )S  STOP
(S (NP The ministry )NP (VP (VP said (SBAR (S (NP (NP the swap )NP , (SBAR (WHNP (WHNP details )WHNP (WHPP of (WHNP which )WHNP )WHPP )WHNP (S (VP were (VP disclosed (NP last Thursday )NP )VP )VP )S )SBAR , )NP (VP will (VP allow (S (NP both *UNKED companies )NP (VP to (VP *UNK (NP (NP operations )NP (PP in (NP their main markets )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP and (VP argued (SBAR that (S (NP the move )NP (VP shows (NP (NP the *UNK )NP (PP of (NP (NP France 's )NP *UNK- concerns )NP )PP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The approval )NP (ADVP also )ADVP (VP ends (NP (NP any hope )NP (SBAR (WHNP that )WHNP (S (NP (NP *UNKC *UNKC de Paris )NP , (NP another *UNK- bank )NP , )NP (VP might (VP have (VP had (PP about (S (VP taking (NP (NP (NP Credit Lyonnais 's )NP place )NP (PP in (NP the accord )NP )PP )NP )VP )S )PP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP It )NP (VP hinted (PP over (NP the weekend )NP )PP (SBAR that (S (NP it )NP (VP would (VP have (VP been (ADJP interested (PP in (NP (NP a *UNK- )NP (PP with (NP *UNKC )NP )PP )NP )PP )ADJP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Under (NP (NP details )NP (PP of (NP the accord )NP )PP )NP )PP , (NP Credit Lyonnais )NP (VP will (VP take (NP (NP (QP slightly more than 50 )QP % )NP (PP of (NP *UNKC Finance )NP )PP )NP (PP in (NP (NP exchange )NP (PP for (NP (NP (QP about 14 )QP % )NP (PP of (NP its own shares )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The move )NP (VP (VP will (VP help (S (NP the bank )NP (VP to (VP keep (PRT up )PRT (PP with (NP (NP international *UNK *UNK )NP (VP being (VP *UNKED (PRT in )PRT (PP by (NP the Bank )NP )PP (PP for (NP International *UNKC )NP )PP )VP )VP )NP )PP )VP )VP )S )VP )VP and (VP will (ADVP also )ADVP (VP represent (NP (NP the first time )NP (SBAR (WHADVP that )WHADVP (S (NP its voting shares )NP (VP have (VP been (VP held (PP by (NP (NP a party )NP (ADJP (ADJP other )ADJP (PP than (NP the government )NP )PP )ADJP )NP )PP )VP )VP )VP )S )SBAR )NP )VP )VP )VP . )S  STOP
(S (NP *UNKC General Corp. )NP (VP received (NP (NP *UNK )NP (PP for (NP (NP (NP *UNKN % )NP (PP of (NP (NP its (ADJP 7.5 % )ADJP convertible senior subordinated notes )NP (ADJP due (NP (NP April 15 )NP , (NP 1997 )NP )NP )ADJP )NP )PP )NP , and (NP (NP 96 % )NP (PP of (NP (NP its (ADJP 11 % )ADJP convertible senior subordinated debentures )NP (ADJP due (NP (NP March 1 )NP , (NP *UNKN )NP )NP )ADJP )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP (NP exchange offers )NP (SBAR (WHNP that )WHNP (S (VP expired (NP Friday )NP )VP )S )SBAR )NP )PP , (NP (NP holders )NP (PP of (NP (NP each $ 1,000 )NP (PP of (NP notes )NP )PP )NP )PP )NP (VP will (VP receive (NP (NP (NP (ADJP $ 250 )ADJP face amount )NP (PP of (NP (NP Series A (ADJP 7.5 % )ADJP senior secured convertible notes )NP (ADJP due (NP (NP Jan. 15 )NP , (NP 1995 )NP )NP )ADJP )NP )PP )NP , and (NP 200 common shares )NP )NP )VP )VP . )S  STOP
(S (PP For (NP (NP each (ADJP $ 1,000 )ADJP face amount )NP (PP of (NP debentures )NP )PP )NP )PP , (NP holders )NP (VP received (NP (NP (NP $ 250 )NP (PP of (NP (NP Series B (ADJP 11 % )ADJP senior secured convertible notes )NP (ADJP due (NP (NP Oct. 15 )NP , (NP 1998 )NP )NP )ADJP )NP )PP )NP , and (NP 200 common shares )NP )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP (NP a New York maker )NP (PP of (NP (NP (ADJP *UNKLY engineered )ADJP products )NP (PP for (NP (UCP human and animal )UCP health care )NP )PP )NP )PP )NP , )NP (VP said (SBAR (S (NP it )NP (VP made (NP the exchange offer )NP (S (VP to (VP reduce (NP its interest payments )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Japanese companies )NP (VP have (ADVP long )ADVP (VP been (VP accused (PP of (S (VP *UNKING (NP profit )NP (S (VP to (VP boost (NP sales )NP )VP )VP )S )VP )S )PP )VP )VP )VP . )S  STOP
(S But (NP Fujitsu Ltd. )NP (VP has (VP taken (NP that practice )NP (PP to (NP a new extreme )NP )PP )VP )VP . )S  STOP
(S (NP (NP Japan 's )NP biggest computer maker )NP (NP last week )NP (VP *UNK (NP seven competitors )NP (S (VP to (VP win (NP a contract (S (VP to (VP design (NP (NP a *UNKING system )NP (PP for (NP (NP (NP the city )NP (PP of (NP *UNKC )NP )PP 's )NP *UNK )NP )PP )NP )VP )VP )S )NP )VP )VP )S )VP . )S  STOP
(NP (NP Its bid )NP : (NP (NP one yen )NP , or (NP (NP less )NP (PP than (NP a U.S. *UNK )NP )PP )NP )NP . )NP  STOP
(S (NP The bid )NP (VP created (NP (NP such a *UNK )NP (SBAR that (S (NP Fujitsu )NP (VP said (SBAR (S (NP it )NP (VP is (ADVP now )ADVP (VP offering (S (VP to (VP withdraw (PP from (NP the project )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )NP )VP . )S  STOP
(S `` (S (PP From (NP a *UNK- *UNK )NP )PP , (NP it )NP (VP was not (ADJP *UNKLY acceptable )ADJP )VP )S , '' (NP a Fujitsu spokeswoman )NP (VP said (NP yesterday )NP )VP . )S  STOP
(S (NP Hiroshima city officials )NP (VP could n't (VP be (VP reached (S (VP to (VP find (PRT out )PRT (SBAR whether (S (NP they )NP (VP would (VP drop (NP (NP Fujitsu 's )NP bid )NP )VP )VP )S )SBAR )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP Fujitsu )NP (VP said (SBAR (S (NP it )NP (VP issued (NP the low bid )NP (SBAR because (S (NP it )NP (VP wanted (NP (NP a foot )NP (PP in (NP (NP the door )NP (PP of (NP a (ADJP potentially lucrative )ADJP market )NP )PP )NP )PP )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP We )NP (VP (ADVP *UNKLY )ADVP wanted (NP the contract )NP (SBAR because (S (NP we )NP (VP want (NP (NP experience )NP (PP in (NP the field )NP )PP )NP )VP )S )SBAR )VP )S , '' (NP the Fujitsu spokeswoman )NP (VP said )VP . )S  STOP
(S `` (NP We )NP (VP expect (NP a big market )NP (PP in (NP the future )NP )PP , (SBAR so (S (PP in (NP the long term )NP )PP (NP it )NP (VP will (VP be (ADJP profitable )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP 's (NP (NP a kind )NP (PP of (NP an investment )NP )PP )NP )VP . '' )S  STOP
(S (NP (NP Hiroshima 's )NP *UNK bureau )NP (VP said (SBAR (S (NP the municipal government )NP (VP had (VP *UNKED (NP (NP (QP about 11 million )QP yen )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN )NP (PP for (NP the project )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP I )NP (VP was (VP *UNKED )VP )VP )S , '' (NP (NP *UNKC *UNKC )NP , (NP (NP head )NP (PP of (NP the bureau )NP )PP )NP )NP , (VP was (VP quoted (PP by (NP *UNKC news service )NP )PP (PP as (S (VP saying )VP )S )PP )VP )VP . )S  STOP
(S `` (S (NP I )NP (VP understand (NP (NP (NP the firm 's )NP *UNK )NP (PP in (S (VP getting (NP the deal )NP )VP )S )PP )NP )VP )S , but (S (NP such a large company )NP (VP would (VP have (VP been (ADVP better off (S (VP showing (NP (ADJP (NP a little )NP more )ADJP *UNK )NP )VP )S )ADVP )VP )VP )VP )S . '' )S  STOP
(S (ADVP Indeed )ADVP , (NP Fujitsu officials )NP (VP admitted (SBAR (S (NP they )NP (VP may (VP have (VP been (ADJP (NP a little )NP *UNK )ADJP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The Fujitsu spokeswoman )NP (VP said (SBAR (S (NP *UNK officials )NP (VP (VP did n't (VP approve (NP the bid )NP (PP in (NP advance )NP )PP )VP )VP and (VP will (VP take (NP measures )NP (SBAR so (S (NP (NP this kind )NP (PP of (NP thing )NP )PP )NP (VP does n't (VP happen (PP in (NP the future )NP )PP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP It )NP (VP 's (ADJP *UNK (PP to (NP common sense )NP )PP )ADJP )VP )S , '' (NP she )NP (VP added )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP Fujitsu )NP (VP won (NP the right (S (VP to (VP design (NP (NP the *UNK )NP (PP for (NP (NP a *UNKED system )NP (SBAR (WHNP that )WHNP (S (VP will (VP show (NP (NP water lines )NP (PP throughout (NP the city )NP )PP )NP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )NP )VP . )S  STOP
(S (NP The system )NP (VP could (VP be (VP used (PP in (NP a fire or earthquake )NP )PP (S (VP to (VP *UNK (NP problems )NP )VP )VP )S , (PP among (NP other things )NP )PP )VP )VP )VP . )S  STOP
(S (NP A *UNK official )NP (VP said (SBAR (S (NP Fujitsu )NP (VP will (VP have (S (VP to (VP design (NP the system )NP (SBAR so (S (NP it )NP (VP would (VP be (ADJP *UNK (PP with (NP (NP other makers ' )NP equipment )NP )PP )ADJP )VP )VP )S )SBAR )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP industry officials )NP (VP expressed (NP concern (SBAR that (S (NP the initial project )NP (VP might (VP give (NP Fujitsu )NP (NP (NP an edge )NP (PP in (S (VP winning (NP (ADJP more lucrative )ADJP contracts )NP (ADVP later )ADVP )VP )S )PP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Fujitsu )NP (VP said (SBAR (S (NP it )NP (VP hopes (SBAR (S (NP the Hiroshima contract )NP (VP will (VP help (S (NP it )NP (VP secure (NP (NP *UNK )NP (PP with (NP other *UNK )NP )PP )NP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (S (NP Japanese local governments )NP (VP are (VP expected (S (VP to (VP invest (ADVP heavily )ADVP (PP in (NP computer systems )NP )PP (PP over (NP the next few years )NP )PP )VP )VP )S )VP )VP )S , and (S (NP many companies )NP (VP expect (S (NP that field )NP (VP to (VP provide (NP substantial revenue )NP )VP )VP )S )VP )S . )S  STOP
(S (S `` (PP In (NP the near future )NP )PP , (NP it )NP (VP will (VP be (NP a big market )NP , (PP not (PP (ADVP just )ADVP for (NP *UNK )NP )PP , but (PP for (NP all *UNKING systems )NP )PP )PP )VP )VP )S , '' (NP the Fujitsu spokeswoman )NP (VP said )VP . )S  STOP
(S `` (NP We )NP (VP can (VP expect (NP a *UNK- market )NP )VP )VP . '' )S  STOP
(S (NP No foreign companies )NP (VP bid (PP on (NP the Hiroshima project )NP )PP , (PP according (PP to (NP the bureau )NP )PP )PP )VP . )S  STOP
(S But (NP (NP the Japanese practice )NP (PP of (NP deep discounting )NP )PP )NP (ADVP often )ADVP (VP is (VP cited (PP by (NP Americans )NP )PP (PP as (NP (NP a classic *UNK )NP (PP to (NP entry )NP )PP (PP in (NP (NP Japan 's )NP market )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Earlier this year )NP , (NP the U.S. )NP (VP complained (SBAR that (S (NP (NP Japan 's )NP supercomputer makers )NP (VP were (ADVP effectively )ADVP (VP closing (PRT out )PRT (NP foreign competitors )NP (PP by (S (VP *UNKING (NP prices )NP (NP (QP as much as 90 )QP % )NP (PP for (NP universities )NP )PP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Fujitsu )NP (VP was n't (NP (NP the only company )NP (ADJP willing (S (VP to (VP *UNK (NP profit )NP (PP on (NP the project )NP )PP )VP )VP )S )ADJP )NP )VP . )S  STOP
(S (NP Three competitors )NP (VP bid (PP between (NP (NP *UNKN yen )NP and (NP 500,000 yen )NP )NP )PP , (PP according (PP to (NP the Hiroshima government office )NP )PP )PP )VP . )S  STOP
(S (NP Other bids )NP (VP *UNKED (PP (PP from (NP (QP about 10 million )QP yen )NP )PP (PP to (NP (QP 29 million )QP yen )NP )PP )PP )VP . )S  STOP
(S (S (NP American Airlines )NP (VP will (VP expand (NP its *UNK- service )NP (NP 30 % )NP (PP beginning (NP next year )NP )PP (PP with (NP (NP six new daily flights )NP (PP between (NP (NP the U.S. )NP and (NP Europe )NP )NP )PP )NP )PP )VP )VP )S , (NP officials )NP (VP announced (NP yesterday )NP )VP . )S  STOP
(S (NP (NP American )NP , (NP (NP a unit )NP (PP of (NP AMR Corp. )NP )PP )NP )NP , (VP is (NP (NP the nation 's )NP largest airline )NP )VP . )S  STOP
(S (S (NP (NP The new *UNK flights )NP , (VP starting (NP next May )NP )VP , )NP (VP will (VP include (NP (NP *UNKC )NP , (NP *UNKC )NP , (NP *UNKC )NP , (NP *UNKC )NP , (NP a second daily *UNKC flight )NP and (NP a second daily *UNKC flight )NP )NP )VP )VP )S , (NP the officials )NP (VP said )VP . )S  STOP
(S (NP Chicago )NP (VP has (NP (NP the largest population )NP (PP of (NP (NP citizens )NP (PP of (NP Polish *UNK )NP )PP )NP )PP (PP in (NP (NP any city )NP (PP outside (NP Poland )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP With (NP the new service )NP )PP , (NP American )NP (VP will (VP fly (NP (NP *UNKN flights )NP (NP a week )NP (PP to (NP 17 European cities )NP )PP )NP )VP )VP . )S  STOP
(S (NP The *UNK )NP (VP *UNK (NP (NP (NP American 's )NP position )NP (PP as (NP (NP the *UNK- U.S. *UNK carrier )NP , (PP behind (NP (NP (NP *UNKC Corp. 's )NP Pan American World Airways )NP and (NP Trans World Airlines )NP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC AG )NP (VP said (SBAR (S (NP (NP sales )NP (PP for (NP its domestic group )NP )PP )NP (VP rose (NP 4.6 % )NP (PP in (NP (NP the first nine months )NP (PP of (NP 1989 )NP )PP )NP )PP (PP from (ADVP (NP a year )NP earlier )ADVP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The (ADJP West German )ADJP retailing group )NP (ADVP also )ADVP (VP said (SBAR that (S (NP (NP the results )NP (PP of (NP the first three quarters )NP )PP )NP (VP suggest (SBAR (S (NP it )NP (VP will (VP meet (NP (NP its profit goal )NP (PP for (NP the year )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Earnings )NP (PP at (NP (NP the department-store division )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP (NP the bulk )NP (PP of (NP profit )NP )PP )NP )VP )S )SBAR , )NP )PP )NP (VP should (VP remain (ADJP (ADVP at least )ADVP stable )ADJP , (SBAR while (S (NP (NP income )NP (PP at (NP the *UNK- and tourism units )NP )PP )NP (VP is (ADJP likely (S (VP to (VP fall (ADVP slightly )ADVP (PP from (NP 1988 )NP )PP )VP )VP )S )ADJP )VP )S )SBAR )VP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP *UNKC )NP (VP did n't (VP give (NP (NP any (NX (NX group sales )NX or (NX profit figures )NX )NX )NP (PP for (NP the first nine months )NP )PP )NP )VP )VP . )S  STOP
(S (NP Georgia-Pacific Corp. )NP (VP offered (S (VP to (VP acquire (NP Great Northern Nekoosa Corp. )NP (PP for (NP (NP (NP $ 58 )NP (NP a share )NP )NP , or (NP (QP about $ *UNKN billion )QP )NP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The offer )NP (VP capped (NP (NP a week )NP (PP of (NP rumors (SBAR that (S (NP (NP Georgia-Pacific )NP , (NP an *UNKED forest-products company )NP )NP , (VP was (VP considering (S (VP making (NP (NP a bid )NP (PP for (NP (NP Nekoosa )NP , (NP (NP a *UNK- concern )NP (VP based (PP in (NP (NP *UNKC )NP , (NP Conn )NP )NP )PP )VP )NP )NP )PP )NP )VP )S )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP Executives )NP (PP at (NP Nekoosa )NP )PP )NP (VP could n't (VP be (VP reached )VP )VP )VP )S , and (S (NP (NP officials )NP (PP at (NP Georgia Pacific )NP )PP )NP (VP declined (S (VP to (VP comment )VP )VP )S )VP )S . )S  STOP
(S (NP Analysts )NP (PRN , (ADVP however )ADVP , )PRN (VP were (VP surprised (SBAR because (S (NP the tender offer )NP (VP appeared (ADJP *UNKED )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's (NP quite a *UNK )NP )VP )S , '' (VP said )VP (NP one )NP , (S (VP adding (SBAR that (S (NP the offer )NP (VP could (VP spark (NP (NP a period )NP (PP of (NP industry consolidation )NP )PP )NP )VP )VP )S )SBAR )VP )S . )SINV  STOP
(S (S (NP The two companies )NP (VP would (VP appear (S (VP to (VP be (NP a *UNK fit )NP (PP because of (NP their *UNK lines )NP )PP )VP )VP )S )VP )VP )S , and (S (NP analysts )NP (VP described (NP (NP the offer )NP , (VP representing (NP (NP a (ADJP 36 % )ADJP premium )NP (PP over (NP (NP Nekoosa 's )NP market price )NP )PP )NP )VP )NP , (PP as (ADJP fair )ADJP )PP )VP )S . )S  STOP
(S (NP Nekoosa )NP (VP closed (NP yesterday )NP (PP at (NP $ *UNKN )NP )PP , (ADVP up (NP $ *UNKN )NP )ADVP , (PP in (NP New York Stock Exchange composite trading )NP )PP )VP . )S  STOP
(S But (NP industry observers )NP (ADVP still )ADVP (VP questioned (SBAR whether (S (NP Georgia Pacific )NP (VP will (ADVP ultimately )ADVP (VP *UNK )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP You )NP (VP have (S (VP to (VP watch (PRT out )PRT (PP for (NP *UNK )NP )PP )VP )VP )S )VP )S , '' (VP said )VP (NP one analyst )NP . `` )SINV  STOP
(S (NP (NP International Paper )NP or (NP Weyerhaeuser )NP )NP (VP could (VP step (ADVP in )ADVP )VP )VP . '' )S  STOP
(S (NP (NP The bid )NP (PP for (NP Great Northern )NP )PP , (SBAR (WHNP (NP a notice )NP (WHPP of (WHNP which )WHNP )WHPP )WHNP (S (VP appears (PP in (NP (NP an *UNK )NP (PP in (NP (NP today 's )NP Wall Street Journal )NP )PP )NP )PP )VP )S )SBAR , )NP (VP is (NP (NP the first big takeover offer )NP (PP since (NP (NP the collapse )NP (PP of (NP (NP a (ADJP (QP $ 6.79 billion )QP )ADJP buy-out )NP (PP of (NP United Airlines parent UAL Corp. )NP )PP )NP )PP (NP Oct. 13 )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP That collapse )NP , (PP following (PP on (NP (NP the *UNK )NP (PP of (NP (NP *UNK )NP (PP in (NP the market )NP )PP (PP for (NP high-risk , high-yield bonds )NP )PP )NP )PP )NP )PP )PP , )NP (VP cast (NP doubt )NP (PP on (NP the entire takeover business )NP )PP , (SBAR (WHNP which )WHNP (S (VP has (VP fueled (NP both (NP (NP big profits )NP (PP among (NP Wall Street securities firms )NP )PP )NP and (NP (NP big gains )NP (PP in (NP the stock market )NP )PP (ADVP generally )ADVP )NP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR While (S (NP (NP Georgia-Pacific 's )NP stock )NP (VP has (VP *UNKED (NP the market )NP (PP in (NP the past two years )NP )PP )VP )VP )S )SBAR , (NP Nekoosa )NP (VP has (VP lagged (NP the market )NP (PP in (NP the same period )NP )PP )VP )VP . )S  STOP
(S (NP (NP (NP Yesterday 's )NP rise )NP (PP in (NP (NP Nekoosa 's )NP share price )NP )PP )NP (VP came (PP on (NP (NP volume )NP (PP of (NP (NP *UNKN shares )NP , (NP (QP four times )QP the daily average )NP )NP )PP )NP )PP )VP . )S  STOP
(S (PP According (PP to (NP Dow Jones Professional Investor Report )NP )PP )PP , (NP (NP options trading )NP (PP in (NP Nekoosa )NP )PP )NP (VP was (ADVP also )ADVP (ADJP heavy )ADJP , (S (VP *UNKING (PP (ADVP only )ADVP behind (NP (NP International Business Machines Corp. )NP and (NP UAL )NP )NP )PP (PP in (NP volume )NP )PP (PP on (NP the Chicago Board Options Exchange )NP )PP )VP )S )VP . )S  STOP
(S (PP According (PP to (NP the Value Line Investment *UNKC )NP )PP )PP , (NP (NP demand )NP (PP for (NP (NP Nekoosa 's )NP commodity paper )NP )PP )NP (VP has (VP weakened , (S (VP prompting (S (NP earnings )NP (VP to (VP decline (PP by (NP 6.6 % )NP )PP (PP in (NP (NP the third quarter )NP (VP ended (NP Sept. 30 )NP )VP )NP )PP )VP )VP )S )VP )S )VP )VP . )S  STOP
(S (NP Value Line )NP (VP added , `` (S (UCP (PP With (S (NP (NP discounts )NP )NP (VP *UNKING (PP on (NP business papers )NP )PP )VP )S )PP , and (SBAR with (S (NP (NP newsprint )NP and (NP *UNKED shipments )NP )NP (ADJP flat )ADJP )S )SBAR )UCP , (NP we )NP (VP expect (NP negative earnings *UNK )NP (PP through (NP next year )NP )PP )VP )S )VP . '' )S  STOP
(S (PP By (NP contrast )NP )PP , (NP Value Line )NP (VP said (SBAR (S (NP Georgia-Pacific )NP `` (VP is (PP in (NP a (ADJP *UNKLY good )ADJP position (S (VP to (VP deal (PP with (NP weakening paper markets )NP )PP )VP )VP )S )NP )PP , '' (SBAR because (S (NP its production )NP (VP is (VP concentrated (PP not (PP in (NP the Northwest )NP )PP but (PP in (NP (NP the South )NP , (SBAR (WHADVP where )WHADVP (S (NP it )NP (VP should (VP be (ADJP able (S (VP to (VP avoid (NP (NP some )NP (PP of (NP (NP the cost pressures )NP (PP from (NP rising *UNK- prices )NP )PP )NP )PP )NP )VP )VP )S )ADJP )VP )VP )S )SBAR )NP )PP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (ADVP Also )ADVP , (NP it )NP (VP (VP is n't (VP exposed (PP to (NP the weakening newsprint business )NP )PP )VP )VP , and (VP is (ADJP strong )ADJP (PP in (NP the *UNK- tissue business )NP )PP )VP )VP . )S  STOP
(S (NP (NP The purchase )NP (PP of (NP Nekoosa )NP )PP )NP (VP would (VP (ADVP easily )ADVP *UNK (NP (NP (NP Georgia-Pacific 's )NP (ADJP (QP $ *UNKN million )QP )ADJP acquisition )NP (PP of (NP *UNKC *UNKC & Paper Co. )NP )PP (NP last year )NP )NP )VP )VP . )S  STOP
(S (NP (NP That acquisition )NP , (SBAR (WHNP which )WHNP (S (ADVP also )ADVP (VP included (NP (NP the assumption )NP (PP of (NP (NP (QP $ 135 million )QP )NP (PP in (NP debt )NP )PP )NP )PP )NP )VP )S )SBAR )NP , (VP was (VP designed (S (VP to (VP allow (S (NP Georgia-Pacific )NP (VP to (VP (VP *UNK (PP on (NP (NP the strong demand )NP (PP for (NP *UNK pulp )NP )PP )NP )PP )VP , (CONJP as well as )CONJP (VP reduce (NP (NP its exposure )NP (PP to (NP the housing market )NP )PP )NP )VP )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (NP *UNKC *UNKC & Co. )NP (VP is (NP (NP the *UNK- )NP (PP for (NP (NP the offer )NP , (SBAR (WHNP which )WHNP (S (VP will (VP expire (NP Nov. 29 )NP , (SBAR unless (S (VP extended )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC Group PLC 's )NP U.S. subsidiary )NP (VP has (VP agreed (S (VP to (VP acquire (NP jewelry retailer (NP Weisfield 's )NP Inc. )NP (PP for (NP (NP (NP $ 50 )NP (NP a share )NP )NP , or (NP (QP about $ 55 million )QP )NP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Weisfield 's )NP shares )NP (VP soared (PP on (NP (NP the announcement )NP (NP yesterday )NP )NP )PP , (S (VP closing (ADVP up (NP $ 11 )NP )ADVP (S (VP to (VP close (PP at (NP $ 50 )NP )PP )VP )VP )S (PP in (NP national over-the-counter trading )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC )NP and (NP Weisfield 's )NP )NP (VP said (SBAR (S (NP they )NP (VP reached (NP (NP an agreement )NP (PP in (NP principle )NP )PP (PP for (NP (NP the acquisition )NP (PP of (NP Weisfield 's )NP )PP (PP by (NP Sterling Inc )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The companies )NP (VP said (SBAR (S (NP the acquisition )NP (VP is (ADJP subject (PP to (NP a definitive agreement )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP said (SBAR (S (NP they )NP (VP expect (S (NP the transaction )NP (VP to (VP be (VP completed (PP by (NP Dec. 15 )NP )PP )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Weisfield 's )NP , (VP based (PP in (NP (NP Seattle )NP , (NP *UNKC )NP )NP )PP )VP , )NP (ADVP currently )ADVP (VP operates (NP (NP 87 specialty jewelry stores )NP (PP in (NP nine states )NP )PP )NP )VP . )S  STOP
(S (PP In (NP (NP the fiscal year )NP (VP ended (NP Jan. 31 )NP )VP )NP )PP , (NP the company )NP (VP reported (NP (NP (NP sales )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP and (NP (NP pretax profit )NP (PP of (NP (QP $ 2.9 million )QP )NP )PP )NP )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP controls (NP (NP 25 % )NP (PP of (NP the British jewelry market )NP )PP )NP )VP )S )SBAR )NP , (VP would (VP increase (NP (NP the number )NP (PP of (NP its U.S. stores )NP )PP )NP (PP to (NP (QP about 450 )QP stores )NP )PP (PP from (NP *UNKN )NP )PP )VP )VP . )S  STOP
(S (S (NP It )NP (VP has (VP said (SBAR (S (NP it )NP (VP hopes (S (VP to (VP control (NP (NP 5 % )NP (PP of (NP (NP jewelry business )NP (PP in (NP the U.S. )NP )PP )NP )PP )NP (PP by (NP 1992 )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP )S ; (S (ADVP currently )ADVP (NP it )NP (VP controls (NP (QP about 2 )QP % )NP )VP )S . )S  STOP
(S (NP McDonnell Douglas Corp. )NP (VP received (NP (NP contracts )NP (VP totaling (NP (QP $ *UNKN million )QP )NP )VP (PP for (NP (NP (NP 72 *UNKC aircraft )NP (PP for (NP the Navy )NP )PP )NP )NP and (NP (NP helicopter *UNK parts )NP (PP for (NP the Army )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC General Corp. )NP , (NP (NP a unit )NP (PP of (NP *UNKC Inc. )NP )PP )NP )NP , (VP was (VP awarded (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP Air Force contract )NP (PP for (NP *UNKC missile *UNK *UNK )NP )PP )NP )VP )VP . )S  STOP
(S (NP *UNKC International Corp. )NP (VP received (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP Navy contract )NP (PP for (NP *UNK *UNK *UNK )NP )PP )NP )VP . )S  STOP
(S (NP Honeywell Inc. )NP (VP got (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP Navy contract )NP (PP for (NP aircraft missile warning sets )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC Corp. )NP , (NP (NP a unit )NP (PP of (NP *UNKC Co. )NP )PP )NP , )NP (VP received (NP (NP an (ADJP (QP $ 11.5 million )QP )ADJP Air Force contract )NP (PP for (NP *UNKC aircraft support )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC *UNKC Inc. )NP (VP said (SBAR (S (NP it )NP (VP may (VP purchase (NP (NP (QP as many as one million )QP )NP (PP of (NP its common shares )NP )PP )NP (PP over (NP the next several months )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (ADVP also )ADVP (VP said (SBAR that (S (NP (NP a (ADJP (QP one million )QP share )ADJP buy-back program )NP (VP announced (PP in (NP March )NP )PP )VP )NP (VP is (ADJP substantially complete )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The company )NP , (SBAR (WHNP which )WHNP (S (VP makes (NP (NP integrated *UNK )NP and (NP other electronic parts )NP )NP )VP )S )SBAR , )NP (ADVP now )ADVP (VP has (NP (NP (QP about 47 million )QP common shares )NP (ADJP outstanding )ADJP )NP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP (NP yesterday )NP , (NP *UNKC *UNKC )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP up (NP 25 cents )NP )ADVP )VP . )S  STOP
(S (NP (NP (NP (NP John Lehman 's )NP *UNK- article )NP (PP on (NP (NP the Pentagon )NP (PP as (NP a *UNKED house )NP )PP )NP )PP )NP )NP (VP *UNK (NP (NP the real *UNK )NP (PP of (NP its ghost population )NP )PP )NP (PRN -LRB- `` (S (PP In (NP the Pentagon )NP )PP , (NP the *UNKC )NP (VP *UNKC )VP , )S '' (NP Oct. 18 )NP -RRB- )PRN )VP . )S  STOP
(S (NP (NP (NP (NP The media 's )NP treatment )NP (PP of (NP the Defense Department )NP )PP (PP during (NP the Vietnam War )NP )PP )NP , (NP (NP (NP the Carter administration 's )NP *UNK )NP (PP of (NP the military )NP )PP )NP , and (NP (NP the public *UNKING )NP (PP of (NP *UNKC *UNKC Oliver North )NP )PP )NP )NP (VP have all (VP served (S (VP to (VP *UNK (NP (NP the poor *UNK )NP (SBAR (WHNP who )WHNP (S (VP live (ADVP there )ADVP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP The resulting *UNKED house )NP (VP tends (S (VP to (VP reward (NP *UNK , not leadership )NP )VP )VP )S )VP )S , (S (NP it )NP (VP (VP creates (NP (NP *UNK )NP (PP about (S (VP wearing (NP the *UNK )NP )VP )S )PP )NP )VP , and (VP raises (NP (NP doubt )NP (PP about (S (VP having (NP the will (S (S (VP to (VP *UNK (NP (NP (NP the ghosts ' )NP role )NP )NP )VP )VP )S , *UNK , (S (VP to (VP be (ADJP able (S (VP to (VP win (SBAR if (S (VP called (PP on )PP )VP )S )SBAR )VP )VP )S )ADJP )VP )VP )S )S )NP )VP )S )PP )NP )VP )VP )S . )S  STOP
(S (ADVP Perhaps )ADVP (NP the *UNKC season )NP (VP is (NP (NP a good time )NP (PP for (S (NP Congress )NP (VP to (VP be (VP looking (PP at (NP (NP funding )NP (PP for (NP some *UNKING equipment )NP )PP )NP )PP )VP )VP )VP )S )PP )NP )VP . )S  STOP
(NP (NP Mike *UNKC )NP (NP *UNKC Air Force *UNKC *UNKC )NP (NP New York )NP )NP  STOP
(SBARQ (WHADVP Where )WHADVP (SQ does (NP Mr. Lehman )NP (VP get (PRT off )PRT (S (VP *UNKING (NP Gen. George Marshall )NP (PP for (S (VP *UNKING (PRT in )PRT (PP on (NP naval *UNK )NP )PP )VP )S )PP )VP )S )VP )SQ ? )SBARQ  STOP
(S (PP *UNKC since (NP (NP the days )NP (PP of (NP (NP (NP Alfred *UNKC *UNKC )NP (PRN -LRB- (NP (NP U.S. naval officer )NP and (NP naval *UNK )NP )NP -RRB- )PRN )NP and (NP Teddy *UNKC )NP )NP )PP )NP )PP (NP the Navy )NP (VP has (VP been (NP (NP the service )NP (VP (ADVP most )ADVP favored (PP by (NP Washington *UNK )NP )PP )VP )NP )VP )VP . )S  STOP
(S (NP Mr. Lehman )NP (VP *UNK (NP the fact (SBAR that (S (NP the Navy )NP (VP *UNK (NP (NP (NP its own air force )NP (PRN -LRB- (NP the carrier fleet )NP -RRB- )PRN )NP and (NP (NP its own army )NP (PRN -LRB- (NP the *UNKC )NP -RRB- )PRN , (SBAR (WHNP which )WHNP (S (PP in (NP turn )NP )PP (VP has (NP its own air force )NP )VP )S )SBAR )NP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (PP Of (NP course )NP )PP (NP these *UNK *UNK )NP (VP (VP are (ADJP (ADJP *UNKLY )ADJP , (ADJP *UNK )ADJP and (ADJP potentially dangerous )ADJP )ADJP )VP and (VP should (VP be (VP resolved (PP in (NP (NP the interest )NP (PP of (NP national security )NP )PP )NP )PP )VP )VP )VP )VP )S , but (S (NP Mr. Lehman )NP (VP seems (S (VP to (VP be (NP (NP (NP part )NP (PP of (NP the problem )NP )PP )NP (CONJP rather than )CONJP (NP (NP part )NP (PP of (NP the answer )NP )PP )NP )NP )VP )VP )S )VP )S . )S  STOP
(NP (NP *UNKC *UNKC )NP (NP (NP *UNKC )NP , (NP Texas )NP )NP )NP  STOP
(S (NP I )NP (VP agree (PP with (NP Mr. Lehman )NP )PP (NP 100 % )NP )VP ! )S  STOP
(SQ Is n't (NP this )NP (NP (NP the same guy )NP (SBAR (WHNP who )WHNP (S (VP resigned (PP as (NP Navy secretary )NP )PP (SBAR because (S (NP he )NP (VP could n't (VP get (NP his *UNK- Navy )NP )VP )VP )S )SBAR )VP )S )SBAR )NP ? )SQ  STOP
(S (S (NP (NP I )NP (ADVP personally )ADVP )NP (VP do not (VP want (S (VP to (VP *UNK (NP (NP Mr. Lehman 's )NP *UNK )NP )VP )VP )S )VP )VP )S , but (S (NP I )NP (VP can (VP see (S (NP him )NP (VP *UNKING (ADVP *UNKLY )ADVP (PP in (NP his own article )NP )PP )VP )S )VP )VP )S . )S  STOP
(NP (NP Carl *UNKC *UNK . )NP (NP (NP *UNKC )NP , (NP *UNKC . )NP )NP )NP  STOP
(S (PP For (NP (NP the sixth time )NP (PP in (NP (ADJP as many )ADJP years )NP )PP )NP )PP , (NP Continental Airlines )NP (VP has (NP a new senior executive )NP )VP . )S  STOP
(SINV (ADJP *UNKC )ADJP (VP is )VP (NP (NP D. Joseph *UNKC )NP , (NP (NP the airline 's )NP (NX (NX chairman )NX , (NX chief executive )NX and (NX president )NX )NX )NP , (VP appointed (NP (ADVP only )ADVP last December )NP )VP )NP . )SINV  STOP
(S (S (NP Mr. Corr )NP (VP resigned (S (VP to (VP pursue (NP other business interests )NP )VP )VP )S )VP )S , (NP the airline )NP (VP said )VP . )S  STOP
(S (NP He )NP (VP could not (VP be (VP reached (PP for (NP comment )NP )PP )VP )VP )VP . )S  STOP
(SINV (VP *UNKING (NP him )NP (PP as (NP (NP chairman )NP and (NP chief executive )NP )NP )PP )VP (VP will (VP be )VP )VP (NP (NP Frank Lorenzo )NP , (NP (NP (NP chairman )NP and (NP chief executive )NP )NP (PP of (NP (NP (NP Continental 's )NP parent )NP , (NP Texas Air Corp )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP Mr. Lorenzo )NP , (ADJP (NP 49 years )NP old )ADJP , )NP (VP is (VP *UNKING (NP (NP the job )NP (SBAR (WHNP that )WHNP (S (VP was (NP his )NP (SBAR before (S (NP Mr. Corr )NP (VP signed (PRT on )PRT )VP )S )SBAR )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP The airline )NP (ADVP also )ADVP (VP named (NP *UNKC *UNKC )NP (PP as (NP president )NP )PP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (NP 44 )NP )NP , (VP is (NP (NP a *UNK- veteran )NP (PP of (NP (NP Texas Air )NP and (NP (NP Texas International Airlines )NP , (NP its predecessor )NP )NP )NP )PP )NP )VP . )S  STOP
(S (ADVP Most recently )ADVP (NP he )NP (VP had (VP been (NP (NP executive vice president )NP (PP for (NP planning and finance )NP )PP (PP at (NP Texas Air )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC executives )NP (PP at (NP Continental )NP )PP )NP (VP have n't (VP *UNKED (ADVP long )ADVP , (NP (NP especially those )NP (VP *UNKED (PP from (NP outside )NP )PP )VP )NP )VP )VP . )S  STOP
(S But (NP (NP Mr. Corr 's )NP *UNK )NP (VP was (ADJP (ADJP *UNK )ADJP (PP than (NP most )NP )PP )ADJP )VP . )S  STOP
(S (NP The *UNK- Mr. Corr )NP (VP was (VP hired (SBAR largely because (S (NP he )NP (VP was (VP *UNKED (PP with (S (VP returning (NP Trans World Airlines Inc. )NP (PP to (NP profitability )NP )PP (SBAR while (S (NP he )NP (VP was (NP its president )NP (PP (PP from (NP 1986 )NP )PP (PP to (NP 1988 )NP )PP )PP )VP )S )SBAR )VP )S )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP Before (NP that )NP )PP , (NP he )NP (VP was (NP (NP an executive )NP (PP with (NP a manufacturing concern )NP )PP )NP )VP . )S  STOP
(S (PP At (NP Continental )NP )PP (NP he )NP (VP (VP cut (NP *UNKING operations )NP )VP , (SBAR (WHNP which )WHNP (S (VP helped (S (VP produce (NP a modest profit )NP (PP in (NP (NP this year 's )NP second quarter )NP )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP Mr. Corr )NP , (NP (NP a *UNK pilot )NP (PP in (NP his *UNK time )NP )PP )NP )NP , (VP was (VP understood (S (VP to (VP be (VP frustrated (PP by (SBAR (WHNP what )WHNP (S (NP he )NP (VP regarded (PP as (NP (NP limited freedom )NP (PP under (NP Mr. Lorenzo )NP )PP )NP )PP )VP )S )SBAR )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S (SBAR While (S (ADVP not officially )ADVP (NP (NP an executive )NP (PP at (NP Continental )NP )PP )NP (PP during (NP (NP Mr. Corr 's )NP tenure )NP )PP )S )SBAR , (NP Mr. Lorenzo )NP (VP is (VP known (PP for (S (VP keeping (NP (NP close *UNK )NP (PP on (NP (NP Texas Air 's )NP operating units )NP )PP )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP Continental )NP (VP (VP is (NP (NP Texas Air 's )NP flagship )NP )VP and (VP was (VP built (ADVP *UNKLY )ADVP (PP to (NP its present size )NP )PP (PP under (NP Mr. Lorenzo )NP )PP (PP after (S (VP emerging (PP from (NP bankruptcy proceedings )NP )PP (PP in (NP 1986 )NP )PP )VP )S )PP )VP )VP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP 's (ADJP unclear )ADJP (SBAR (WHNP what role )WHNP (PRN , (PP if (NP any )NP )PP , )PRN (S (NP (NP (NP Mr. Lorenzo 's )NP recent exploration )NP (PP of (NP (NP a possible sale )NP (PP of (NP (NP a stake )NP (PP in (NP Continental )NP )PP )NP )PP )NP )PP )NP (VP had (PP in (NP (NP Mr. Corr 's )NP departure )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP One source )NP (ADJP familiar (PP with (NP the airline )NP )PP )ADJP )NP (VP said (PRN , (ADVP however )ADVP , )PRN (SBAR that (S (NP Mr. Corr )NP (VP was n't (VP informed (PP in (NP advance )NP )PP (PP during (NP the summer )NP )PP (SBAR (WHADVP when )WHADVP (S (NP Mr. Lorenzo )NP (VP began (NP (NP discussions )NP (PP with (NP potential buyers )NP )PP )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (PP During (NP his tenure )NP )PP , (NP Mr. Corr )NP (VP (VP attempted (PP through (NP (NP a series )NP (PP of (NP meetings )NP )PP )NP )PP (S (VP to (VP *UNK (NP managers )NP (PP of (NP (NP some )NP (PP of (NP (NP the company 's )NP future plans )NP )PP )NP )PP )VP )VP )S )VP , (VP *UNKED (ADVP widely )ADVP (S (VP to (VP talk (PP to (NP employees )NP )PP )VP )VP )S )VP and (VP backed (NP (NP training sessions )NP (VP designed (S (VP to (VP improve (NP (NP the carrier 's )NP image )NP )VP )VP )S )VP )NP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (NP (NP one )NP (PP of (NP (NP a handful )NP (PP of (NP (NP executives )NP (SBAR (S (NP Mr. Lorenzo )NP (VP has (VP *UNKED (PRT on )PRT (PP over (NP the years )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )VP . )S  STOP
(S (ADVP Previously )ADVP , (NP he )NP (VP had (VP served (PP in (NP financial planning positions )NP )PP (PP at (NP (NP the company 's )NP Eastern Airlines unit )NP )PP )VP )VP . )S  STOP
(S (NP (NP Another longtime ally )NP , (NP *UNKC *UNKC )NP )NP , (ADVP currently )ADVP (VP heads (NP (NP Eastern )NP , (PP (ADVP now )ADVP in (NP Chapter 11 bankruptcy proceedings )NP )PP )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (ADVP previously )ADVP (VP had (NP (NP a turn )NP (PP at (S (VP running (NP Continental )NP )VP )S )PP )NP )VP . )S  STOP
(SINV (PP Among (NP the other *UNK )NP )PP (VP are )VP (NP (NP (NP Stephen Wolf )NP , (NP (NP (ADVP now )ADVP chairman )NP (PP of (NP UAL Inc. )NP )PP )NP )NP , and (NP (NP Thomas *UNKC )NP , (NP (NP president )NP (PP of (NP Pan *UNK Corp )NP )PP )NP )NP )NP . )SINV  STOP
(S (NP *UNKC Cos. )NP (VP said (SBAR (S (NP its *UNK- payments )NP (VP have (VP been (VP extended (PP until (NP May 31 , 1990 )NP )PP , (S (VP to (VP give (NP it )NP (NP (NP more time )NP (SBAR (S (VP to (VP sell (NP its Wilson Foods Corp. retail and fresh *UNK operations )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP was (S (VP (VP (VP to (VP repay (NP (NP (QP $ 58 million )QP )NP (PP in (NP debt )NP )PP )NP (PP on (NP Dec. 31 )NP )PP )VP )VP and (VP (NP (QP $ 15 million )QP )NP (PP on (NP March 31 )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP The company )NP (VP acquired (NP the debt )NP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP paid (NP (QP $ *UNKN million )QP )NP (S (VP to (VP purchase (NP Wilson )NP )VP )VP )S (NP last year )NP )VP )S )SBAR )VP . )S  STOP
(S (NP An agreement (S (VP to (VP sell (NP the Wilson assets )NP (PP for (NP (NP (QP $ 150 million )QP )NP (PP in (NP cash and notes )NP )PP )NP )PP )VP )VP )S )NP (VP collapsed (PP in (NP late September )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP (NP the buyer )NP , (NP (NP a company )NP (VP controlled (PP by (NP George Gillett )NP )PP )VP )NP )NP , (VP could n't (VP secure (NP financing )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Companies )NP (VP listed (PP below )PP )VP )NP (VP reported (NP (NP quarterly profit )NP (ADJP substantially different (PP from (NP (NP the average )NP (PP of (NP (NP analysts ' )NP estimates )NP )PP )NP )PP )ADJP )NP )VP . )S  STOP
(S (NP The companies )NP (VP (VP are (VP followed (PP by (NP (QP at least three )QP analysts )NP )PP )VP )VP , and (VP had (NP (NP a minimum *UNK- change )NP (PP in (NP (NP actual earnings )NP (PP per (NP share )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Estimated and actual results )NP (VP involving (NP losses )NP )VP )NP (VP are (VP omitted )VP )VP . )S  STOP
(S (NP The percent difference )NP (VP compares (NP actual profit )NP (PP with (NP (NP the 30-day estimate )NP (SBAR (WHADVP where )WHADVP (S (NP (QP at least three )QP analysts )NP (VP have (VP issues (NP forecasts )NP (PP in (NP the past 30 days )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (ADVP Otherwise )ADVP , (NP actual profit )NP (VP is (VP compared (PP with (NP the *UNK- estimate )NP )PP )VP )VP . )S  STOP
(S (NP (NP Charles *UNK . *UNKC )NP , (NP (NP president )NP (PP of (NP this restaurant operator )NP )PP )NP , )NP (VP assumed (NP (NP the additional post )NP (PP of (NP chief executive officer )NP )PP )NP )VP . )S  STOP
(S (NP He )NP (VP succeeds (NP *UNKC A. *UNKC )NP (PP in (NP the position )NP )PP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP will (VP remain (NP chairman )NP )VP )VP . )S  STOP
(S (NP (NP Australia 's )NP inflation )NP (VP (VP is (VP expected (S (VP to (VP rise (ADJP (ADJP as high )ADJP (PP as (NP 8.3 % )NP )PP )ADJP (PP in (NP (NP the quarter )NP (VP ending (NP March 30 )NP )VP )NP )PP )VP )VP )S )VP )VP , but (VP could (VP fall (PP to (NP (QP around 7 )QP % )NP )PP (PP by (NP June )NP )PP )VP )VP , (PP according (PP to (NP economists )NP )PP )PP )VP . )S  STOP
(S (NP The government )NP (VP said (SBAR (S (NP the consumer price index )NP (VP (VP rose (NP 2.3 % )NP (PP in (NP (NP the quarter )NP (VP ended (NP Sept. 30 )NP )VP )NP )PP (PP from (NP the previous quarter )NP )PP )VP and (VP (NP 8 % )NP (PP from (ADVP (NP a year )NP ago )ADVP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Charles A. *UNKC )NP , (ADJP (NP 66 years )NP old )ADJP )NP , (VP will (VP retire (PP from (NP (NP his post )NP (PP as (NP (NP chief executive officer )NP (PP of (NP this bank holding company )NP )PP )NP )PP )NP )PP (ADJP effective (NP Dec. 31 )NP )ADJP )VP )VP . )S  STOP
(S (NP He )NP (VP will (VP remain (NP chairman )NP )VP )VP . )S  STOP
(S (NP (NP Charles R. *UNKC Jr. )NP , (NP 46 )NP , (NP (NP president )NP and (NP chief operating officer )NP )NP )NP , (VP will (VP assume (NP (NP the chief executive 's )NP post )NP )VP )VP . )S  STOP
(S (NP It )NP (VP is (NP a *UNK time )NP (PP in (NP (NP this part )NP (PP of (NP western India )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP The summer crop )NP (VP is (VP *UNKED )VP )VP )S , (S (NP winter *UNKING )NP (VP has (ADVP yet )ADVP (S (VP to (VP begin )VP )VP )S )VP )S . )S  STOP
(S (NP (NP Farmers )NP (PP in (NP (NP loose *UNK )NP and (NP fancy *UNK )NP )NP )PP )NP (VP spend (NP their *UNK )NP (S (VP *UNKING and *UNKING (PP at (NP the markets )NP )PP )VP )S )VP . )S  STOP
(S (NP One )NP (VP could (VP *UNK (NP (NP such a *UNK )NP (PP in (NP (NP the lives )NP (PP of (NP the *UNKC )NP )PP )NP )PP )NP (PP before (NP (NP the *UNKING )NP (PP of (NP oil prices )NP )PP )NP )PP )VP )VP . )S  STOP
(S For (SBAR just as (S (NP the *UNKC )NP (VP were (PP in (NP the 1960s )NP )PP )VP )S )SBAR , (NP (NP the farmers )NP (PP of (NP *UNKC )NP )PP )NP (VP are (PP on (NP (NP the *UNK )NP (PP of (NP global power and *UNK )NP )PP )NP )PP )VP . )S  STOP
(S (NP The *UNKC )NP (VP had (NP merely oil )NP )VP . )S  STOP
(S (NP These farmers )NP (VP may (VP have (NP (NP a grip )NP (PP on (NP (NP the world 's )NP very heart )NP )PP )NP )VP )VP . )S  STOP
(FRAG Or , (ADVP at least )ADVP , (NP its heart disease )NP . )FRAG  STOP
(S (NP That )NP (VP is (SBAR because (S (NP *UNKC )NP (VP has (NP (NP a *UNKLY )NP (PP on (NP (NP (NP the world 's )NP supply )NP (PP of (NP (NP *UNK seed )NP , (VP (ADVP also )ADVP known (PP as (NP (NP *UNK *UNK )NP or (PRN , (PP in (NP Western *UNK )NP )PP , )PRN (NP psyllium )NP )NP )PP )VP : (NP (NP a tiny , *UNK , *UNK seed )NP (SBAR (WHNP that )WHNP , (S (PP according (PP to (NP early research )NP )PP )PP , (VP may (VP reduce (NP (NP cholesterol levels )NP (PP in (NP the blood )NP )PP )NP )VP )VP )S )SBAR )NP )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (SBAR *UNKC since (S (NP (NP the link )NP (PP to (NP cholesterol )NP )PP )NP (VP was (VP disclosed )VP )VP )S )SBAR , (NP Americans )NP (VP have (VP begun (S (VP *UNKING (PRT up )PRT (NP psyllium )NP (PP in (NP their *UNK *UNK )NP )PP )VP )S )VP )VP . )S  STOP
(S (SBAR If (S (NP further research )NP (VP *UNK (NP (NP the seed 's )NP benefits )NP )VP )S )SBAR , (NP this *UNK farm district )NP (VP could (VP become (NP (NP the epicenter )NP (PP of (NP (NP a *UNK- *UNK )NP (SBAR (S (VP to (VP rival (NP (NP all *UNK )NP (PP since (NP *UNK- oil )NP )PP )NP )VP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(SINV `` (S (NP This seed )NP (VP 's not (VP grown (NP (NP (NP anywhere else )NP (PP in (NP India )NP )PP )NP , or (NP (NP anywhere else )NP (PP in (NP the world )NP )PP )NP )NP )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a vice president )NP (PP of (NP (NP Procter & Gamble India Ltd. )NP , (NP a major (NX (NX psyllium buyer )NX and (NX *UNK )NX )NX )NP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP The proper *UNK conditions )NP (VP do n't (VP exist (PP in (NP (NP many places )NP (PP in (NP the world )NP )PP )NP )PP )VP )VP . '' )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP a *UNK and *UNK )NP (PP of (NP the seed )NP )PP )NP , )NP (VP *UNK : `` (S (SBAR If (S (NP psyllium )NP (VP takes (NP (NP the place )NP (PP of (NP *UNK *UNK )NP )PP )NP )VP )S )SBAR , (NP it )NP (VP will (VP be (ADJP huge )ADJP )VP )VP )S )VP . '' )S  STOP
(S (SBAR *UNKC (S (NP psyllium )NP (VP makes (NP (NP *UNKC 's )NP *UNK )NP )VP )S )SBAR (VP depends (PP on (NP (NP *UNKING Americans )NP , (NP the U.S. Food and Drug Administration )NP and (PRN , (PP of (NP course )NP )PP , )PRN (NP (NP the outcome )NP (PP of (NP further research )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP (NP Only one thing )NP )NP (VP is (ADJP certain )ADJP (ADVP here )ADVP : (S (NP *UNKC )NP (VP is (ADJP likely (S (VP to (VP remain (NP (NP solely an export item )NP (PP from (NP *UNKC )NP )PP )NP (PP for (NP a long time )NP )PP )VP )VP )S )ADJP )VP )S )VP . )S  STOP
(S (NP *UNKC farmers )NP (VP say (SBAR (S (NP it )NP (VP is (NP (NP as good a cash crop )NP (PP as (NP (NP *UNK )NP or (NP (NP *UNK )NP , (NP a *UNK )NP )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (S But (NP they )NP (VP have (NP (NP no desire (S (VP to (VP eat (NP (NP a *UNK )NP (PP of (NP psyllium )NP )PP )NP (NP each morning )NP )VP )VP )S )NP , and (PRN , (ADVP perhaps )ADVP , )PRN (NP little need )NP )NP )VP )S : (S (S (NP lean , *UNK *UNK )NP )S , (NP the farmers )NP (VP are (NP *UNK )NP (PP in (NP (NP the *UNKED , *UNK world )NP (PP of (NP cholesterol )NP )PP )NP )PP )VP )S . )S  STOP
(S (NP *UNKC )NP (VP is (NP (NP an annual *UNK )NP , (NP *UNKC *UNK )NP , (SBAR (WHNP that )WHNP (S (VP has (VP been (VP used (PP for (NP *UNK )NP )PP (PP by (NP (NP *UNK doctors )NP (ADVP here )ADVP )NP )PP , (PP (ADVP mainly )ADVP as (NP a *UNK and *UNK- )NP )PP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP As (NP such )NP )PP , (NP the *UNK *UNK )NP (VP has (NP an (ADVP almost *UNK )ADVP following )NP (PP in (NP northern India )NP )PP )VP . )S  STOP
(S `` (NP I )NP (VP can (VP *UNK (NP you )NP (PRN , '' (SINV (VP *UNK )VP (NP (NP a *UNK- lawyer )NP (PP in (NP New *UNKC )NP )PP )NP , (PP with (NP a (ADJP *UNKLY raised )ADJP *UNK )NP )PP )SINV , )PRN `` (PP from (NP personal experience )NP )PP , (SBAR (S (NP it )NP (VP works )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP (NP A prominent businessman )NP (PP in (NP *UNKC )NP )PP )NP (VP gives (NP (NP a similar *UNK )NP : `` (S (NP I )NP (VP have (VP been (VP taking (NP it )NP (ADVP daily )ADVP (PP since (NP *UNKN )NP )PP )VP )VP )VP )S )NP )VP . )S  STOP
(S '' (NP *UNKC doctors )NP (ADVP also )ADVP (VP *UNK (NP it )NP (PP for (NP (NP kidney , *UNK and *UNK problems )NP , (NP *UNK *UNK )NP and (NP *UNK )NP )NP )PP )VP . )S  STOP
(S (NP Some )NP (VP apply (NP it )NP (PP to (NP *UNK *UNK )NP )PP )VP . )S  STOP
(S (NP The plant )NP (VP has (NP (NP a *UNK stem )NP (SBAR (WHNP that )WHNP (S (VP produces (NP (NP *UNK )NP and (NP *UNK seeds )NP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP It )NP (VP is (NP (NP (NP the seed 's )NP *UNK and size )NP (PRN -- (S (NP (NP 1,000 )NP (PP of (NP them )NP )PP )NP (VP *UNK (NP (NP (QP only 1.5 )QP *UNK )NP , or (NP (NP about as much )NP (PP as (NP two paper *UNK )NP )PP )NP )NP )VP )S -- )PRN )NP (SBAR (WHNP that )WHNP (S (VP explain (NP (NP the historical *UNK )NP (PP to (NP *UNK )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP The *UNK *UNK )NP (PP of (NP the seed )NP )PP )NP (VP is (VP removed , *UNKED and *UNKED )VP )VP )S ; (S (NP (NP the seed )NP (NP itself )NP )NP (VP is (VP *UNKED (PP to (NP animals )NP )PP )VP )VP )S . )S  STOP
(S (NP (NP (NP (QP Some 90 )QP % )NP (PP of (NP the crop )NP )PP )NP , (SBAR (WHNP which )WHNP (S (VP was (ADJP worth (NP (QP $ 26 million )QP )NP )ADJP (NP last year )NP )VP )S )SBAR , )NP (VP is (VP *UNKED )VP )VP . )S  STOP
(S (PP For (NP decades )NP )PP , (NP psyllium *UNK )NP (VP has (VP been (NP (NP the main *UNK )NP (PP in (NP (NP such *UNK )NP (PP as (NP (NP (NP (NP Procter & Gamble Co. 's )NP *UNKC )NP , (NP (NP the *UNKING brand )NP (PP in (NP the U.S. )NP )PP )NP )NP , and (NP (NP Ciba-Geigy Corp. 's )NP *UNKC )NP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S But (ADVP (NP some time )NP ago )ADVP , (NP researchers )NP (VP discovered (SBAR that (S (NP *UNK *UNK )NP (ADVP also )ADVP (VP lower (NP (NP cholesterol levels )NP (PP in (NP the blood )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP *UNKED P&G )NP (VP took (NP an interest )NP )VP )S ; (S (NP it )NP (VP ordered (NP (NP two studies )NP (PP on (NP psyllium and cholesterol )NP )PP )NP )VP )S . )S  STOP
(S (NP (NP One )NP (PP of (NP the studies )NP )PP , (VP done (PP at (NP (NP the University )NP (PP of (NP Minnesota )NP )PP )NP )PP )VP , )NP (VP tested (NP (NP 75 people )NP (PP with (NP raised cholesterol levels )NP )PP )NP )VP . )S  STOP
(S (PP After (NP 16 weeks )NP )PP , (NP (NP the group )NP (SBAR (WHNP that )WHNP (S (VP took (NP (NP three daily *UNK )NP (PP of (NP *UNKC )NP )PP )NP )VP )S )SBAR )NP (VP saw (NP (NP (NP a significant *UNK )NP (PP in (NP their general cholesterol levels )NP )PP )NP , and (NP (NP an (ADJP even larger )ADJP reduction )NP (PP in (NP (NP levels )NP (PP of (NP (NP *UNK- *UNK )NP , (NP the so-called bad cholesterol )NP )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (PP In (NP late 1987 )NP )PP , (NP P&G )NP (VP asked (NP the FDA )NP (PP for (NP approval (S (VP to (VP market (NP *UNKC )NP (PP as (NP (NP the first *UNK- , *UNKING product )NP (PP in (NP the )NP )PP )NP )PP )VP )VP )S )NP )PP )VP )S  STOP
(S (PP In (NP April )NP )PP , (NP the psyllium *UNK )NP (VP got (ADJP more crowded )ADJP )VP . )S  STOP
(S (S (NP (NP General Mills Inc. )NP , (NP the food giant )NP )NP , (VP launched (NP (NP (NP a *UNK *UNK )NP (VP called (S (NP *UNKC )NP )S )VP )NP , (VP containing (NP (NP psyllium )NP , (NP *UNK )NP , (NP *UNK )NP and (NP *UNK *UNK )NP )NP )VP )NP )VP )S ; (S (NP (NP the words )NP , `` (S (VP reduce (NP cholesterol )NP )VP )S '' )NP (VP were (VP (ADVP *UNKLY )ADVP *UNKED (PP on (NP its package )NP )PP )VP )VP )S . )S  STOP
(S (PP In (NP September )NP )PP , (NP Kellogg Co. )NP (VP launched (NP (NP a competing *UNKED *UNK )NP (VP called (S (NP *UNKC )NP )S )VP )NP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (PP (PP on (NP television )NP )PP , (PP in (NP *UNK )NP )PP and (PP on (NP their *UNK *UNK )NP )PP )PP , (NP Americans )NP (VP were (VP *UNKED (PP with (NP (NP news )NP (PP about (NP the *UNK seed )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The *UNK )NP (PP of (NP claims and *UNK- )NP )PP )NP (VP (VP worried (NP consumers )NP )VP and (VP (ADVP actually )ADVP hurt (NP (NP sales )NP (PP of (NP the new *UNK )NP )PP )NP )VP )VP . )S  STOP
(S (NP This month )NP , (NP the Food and Drug Administration )NP (VP expressed (NP concern (SBAR that (S (NP Americans )NP (VP might (ADVP *UNK )ADVP (PRN , (PP in (NP various forms )NP )PP , )PRN (VP *UNK (NP (ADJP too much )ADJP psyllium )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP Currently )ADVP , (NP there )NP (VP is (NP (NP a *UNK )NP (PP in (NP the psyllium war )NP )PP )NP )VP . )S  STOP
(S (NP The FDA )NP (VP has (VP asked (S (NP (NP Kellogg )NP and (NP General Mills )NP )NP (VP to (VP show (NP research (SBAR that (S (NP their *UNK )NP (VP are (ADJP safe )ADJP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP ordered (S (NP P&G )NP (VP to (VP produce (NP (NP more studies )NP (SBAR (S (VP to (VP *UNK (NP its claims (SBAR that (S (NP *UNKC )NP (VP can (VP lower (NP cholesterol )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S But (NP the agency )NP (VP has n't (VP *UNKED (NP psyllium )NP (PP off (NP store *UNK )NP )PP )VP )VP . )S  STOP
(S (SBAR If (S (NP the FDA )NP (VP *UNK (NP (NP the new uses )NP (PP of (NP psyllium )NP )PP )NP )VP )S )SBAR , (NP other companies )NP (VP are (VP expected (S (VP to (VP rush (PP to (NP market )NP )PP (PP with (NP psyllium products )NP )PP )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's (VP going (S (VP to (VP be (NP a *UNK thing )NP )VP )VP )S )VP )VP )S , '' (VP says )VP (NP (NP Mr. *UNKC )NP (PP of (NP (NP P&G )NP (PP in (NP *UNKC )NP )PP )NP )PP )NP . )SINV  STOP
(SINV (VP Says )VP (NP psyllium *UNK Mr. *UNKC )NP : `` (S (NP I )NP (ADVP just )ADVP (VP got (ADVP back )ADVP (NP yesterday )NP (PP from (NP the U.S. )NP )PP )VP )S . )SINV  STOP
(S (PP (PP In (NP the newspapers )NP )PP , (PP on (NP the radio and TV )NP )PP )PP , (NP psyllium )NP (VP is (ADVP *UNK )ADVP )VP . '' )S  STOP
(S But (NP (NP the news )NP (PP of (NP the boom )NP )PP )NP (VP has (ADVP yet )ADVP (S (VP to (VP *UNK (ADVP down (PP to (NP the farmers )NP )PP )ADVP )VP )VP )S )VP . )S  STOP
(S (S (NP They )NP (VP (ADVP only )ADVP know (PP of (NP (NP one use )NP (PP for (NP the crop )NP )PP , (PP as (NP a *UNK )NP )PP )NP )PP )VP )S , and (S (PP with (S (NP psyllium prices )NP (ADVP currently )ADVP (VP *UNKING (PP in (NP (NP the wake )NP (PP of (NP a *UNK crop )NP )PP )NP )PP )VP )S )PP , (NP they )NP (VP think (PP of (NP the seed )NP )PP (PP as (NP (NP a marginal crop )NP , (NP (NP something )NP (SBAR (S (VP to (VP grow (PP between (NP summer wheat crops )NP )PP )VP )VP )S )SBAR )NP )NP )PP )VP )S . )S  STOP
(SINV `` (S (NP *UNKC )NP (VP 's not (NP a good crop )NP )VP )S , '' (VP complains )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a *UNK- farmer )NP (PP from (NP (NP the *UNK )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP )NP . `` )SINV  STOP
(S (S (NP You )NP (VP get (NP a *UNK )NP (PP at (NP the wrong time )NP )PP )VP )S and (S (NP the crop )NP (VP is (VP *UNKED )VP )VP )S . '' )S  STOP
(S (PP (ADVP Even )ADVP at (NP (NP the *UNKC *UNKC , Pharmaceuticals and *UNKC *UNKC *UNKC Council )NP , (NP (NP the government agency )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP the seed )NP )VP )S )SBAR )NP )NP )PP , (NP the psyllium boom )NP (VP is (NP *UNK *UNK )NP )VP . )S  STOP
(S (NP The staff )NP (VP *UNK (PP about (NP (NP (NP psyllium 's )NP hefty contribution )NP (PP to (NP American *UNK )NP )PP )NP )PP , (PP without (S (VP (ADVP quite )ADVP *UNKING (NP (NP the implications )NP (PP of (NP (NP the research )NP (PP on (NP cholesterol )NP )PP )NP )PP )NP )VP )S )PP )VP . )S  STOP
(S (NP (NP The council 's )NP annual report )NP (VP has (NP psyllium )NP (PP on (NP its last page )NP )PP , (S (VP *UNKED (PP with (NP (NP such *UNK export items )NP (PP as (NP (NP *UNK )NP and (NP `` (NP *UNKC *UNK )NP , '' (NP (NP a plant )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP *UNKING )NP )VP )S )SBAR )NP )NP )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (PP In (NP one way )NP )PP , (NP (NP the psyllium *UNK )NP -- (NP the buyers and *UNK )NP )NP -- (VP are (ADJP *UNK (S (VP to (VP keep (NP (NP news )NP (PP of (NP the boom )NP )PP )NP (PP to (NP themselves )NP )PP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP They )NP (VP want (S (NP psyllium prices )NP (ADJP low )ADJP )S (PP for (NP (NP their purchases )NP (NP next year )NP )NP )PP )VP . )S  STOP
(S But (NP there )NP (VP 's (NP a catch )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP and (NP *UNK districts )NP )NP (VP are (NP (NP the only places )NP (PP in (NP the world )NP )PP (SBAR (WHADVP where )WHADVP (S (NP psyllium )NP (VP is (VP grown (PP in (NP large quantities )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP This )NP (VP is (ADJP partly due (PP to (NP (NP the particular demands )NP (PP of (NP the crop )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (NP *UNKC )NP (VP needs (NP (NP *UNK soil )NP , (NP (NP *UNK )NP (PP during (NP the first few weeks )NP )PP )NP , and (ADVP then )ADVP (NP (NP total *UNK )NP (SBAR (WHADVP when )WHADVP (S (NP its seeds )NP (VP are (VP maturing )VP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (S (NP Small crops )NP (VP are (VP grown (PP in (NP *UNKC , France , Spain , Italy , Belgium and Brazil )NP )PP )VP )VP )S , but (S (NP their quality )NP (VP ca n't (VP compare (PP to (NP (NP that )NP (PP of (NP Indian psyllium )NP )PP )NP )PP )VP )VP )S . )S  STOP
(S (NP (NP Big buyers )NP (PP like (NP Procter & Gamble )NP )PP )NP (VP say (SBAR (S (NP there )NP (VP are (NP (NP other spots )NP (PP (PP on (NP the *UNK )NP )PP , and (PP in (NP India )NP )PP )PP , (SBAR (WHADVP where )WHADVP (S (NP the seed )NP (VP could (VP be (VP grown )VP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's not (NP (NP a crop )NP (SBAR (WHNP that )WHNP (S (VP ca n't (VP be (VP doubled or *UNKED )VP )VP )VP )S )SBAR )NP )VP )S , '' (VP says )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S But (NP no one )NP (VP has (VP made (NP a serious effort (S (VP to (VP *UNK (NP the crop )NP )VP )VP )S )NP )VP )VP . )S  STOP
(S (PP In (NP *UNKC )NP )PP , (NP it )NP (VP is (ADVP almost )ADVP (NP (NP time )NP (SBAR (S (VP to (VP *UNK (NP (NP this year 's )NP crop )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Many farmers )NP , (ADJP too removed (S (VP to (VP *UNK (NP (NP (NP psyllium 's )NP new *UNK )NP (PP in (NP the West )NP )PP )NP )VP )VP )S )ADJP , )NP (VP have (VP decided (S (VP to (VP plant (NP (NP *UNK )NP , (NP *UNK )NP , (NP *UNK )NP , (NP *UNK )NP or (NP *UNK- seeds )NP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (VP thinking (PP of (S (VP passing (PRT up )PRT (NP psyllium )NP (ADVP altogether )ADVP (NP this year )NP (PP in (NP (NP favor )NP (PP of (NP (NP a crop )NP (PP with (NP a future )NP )PP (PP such as (NP *UNK or *UNK )NP )PP )NP )PP )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S `` (ADVP Maybe )ADVP (NP I )NP (VP 'll (VP plant (NP *UNK- seeds )NP )VP )VP . '' )S  STOP
(S (NP (NP His brother )NP , (NP *UNKC )NP , (SBAR (WHNP whose head )WHNP (S (VP is (VP *UNKED (PP in (NP a *UNK *UNK *UNK )NP )PP )VP )VP )S )SBAR , )NP (VP *UNK (NP vigorous *UNK )NP )VP . )S  STOP
(S So (SBAR (WHADVP when )WHADVP (S (NP (NP next year 's )NP psyllium crop )NP (VP is (VP *UNKED (PP in (NP March )NP )PP )VP )VP )S )SBAR , (NP it )NP (VP may (VP be (ADJP (ADJP smaller )ADJP (PP than (NP (NP the *UNKN metric tons )NP (PP of (NP the past few years )NP )PP )NP )PP )ADJP -- (PP (ADVP right )ADVP at (NP (NP the *UNK )NP (PP of (NP the psyllium boom )NP )PP )NP )PP )VP )VP . )S  STOP
(S And (NP the world )NP (VP could (VP experience (NP its first psyllium shortage )NP )VP )VP . )S  STOP
(S (NP *UNKC Co. )NP (VP said (SBAR (S (NP it )NP (VP completed (NP (NP a (ADJP previously announced )ADJP acquisition )NP (PP of (NP (NP *UNKC *UNKING Corp. )NP , (NP (NP a (ADJP New York-based )ADJP maker )NP (PP of (NP (NP *UNK *UNK )NP and (NP *UNK wear )NP )NP )PP )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The apparel maker )NP (VP would n't (VP disclose (NP (NP terms )NP (PP of (NP the agreement )NP )PP )NP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP (NP *UNKC *UNKC *UNKC )NP , (NP (NP president )NP (PP of (NP *UNKC )NP )PP )NP )NP , (VP will (VP continue (S (VP to (VP head (NP (NP *UNKC 's )NP management group )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A seat )NP (PP on (NP the Chicago Mercantile Exchange )NP )PP )NP (VP was (VP sold (PP for (NP $ *UNKN )NP )PP , (ADVP down (NP $ *UNKN )NP (PP from (NP the previous sale )NP (NP *UNKC )NP )PP )ADVP )VP )VP . )S  STOP
(S (NP *UNKC )NP (ADVP currently )ADVP (VP are (VP quoted (PP at (NP (NP (NP $ *UNKN )NP (VP bid )VP )NP , (NP (NP $ *UNKN )NP (VP asked )VP )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The record price )NP (PP for (NP (NP a full membership )NP (PP on (NP the exchange )NP )PP )NP )PP )NP (VP is (NP $ *UNKN )NP , (S (VP set (NP (NP March 9 )NP , (NP 1989 )NP )NP )VP )S )VP . )S  STOP
(S (NP Small businesses )NP (VP say (SBAR (S (NP a recent trend )NP (VP is (PP like (NP (NP (NP a dream )NP (VP come (ADJP true )ADJP )VP )NP : (NP (NP *UNK- rates )NP (PP for (NP *UNK- insurance )NP )PP )NP )NP )PP , (ADVP initially (ADVP at least )ADVP )ADVP )VP )S )SBAR )VP . )S  STOP
(S But then (NP they )NP (VP wake (ADVP up )ADVP (PP to (NP a *UNK )NP )PP )VP . )S  STOP
(S (S (NP The reasonable *UNK- rates )NP (VP can (VP be (VP followed (PP by (NP (NP increases )NP (PP of (NP (NP 60 % )NP (QP or more )QP )NP )PP )NP )PP (SBAR if (S (NP a covered employee )NP (VP files (NP a major claim )NP )VP )S )SBAR )VP )VP )VP )S , (NP they )NP (VP complain )VP . )S  STOP
(S (NP (NP Insurance premiums )NP (PP for (NP one small Maryland concern )NP )PP )NP (VP went (PRT up )PRT (NP 130 % )NP (PP in (NP (QP less than two )QP years )NP )PP , (S (NP the last increase )NP (VP coming (SBAR after (S (NP (NP one )NP (PP of (NP its three workers )NP )PP )NP (VP developed (NP a *UNKED disk )NP )VP )S )SBAR )VP )S )VP . )S  STOP
(S `` (S (NP There )NP (VP 's (NP a *UNK possibility (SBAR that (S (NP I )NP (VP may (VP lose (NP my job )NP (PP over (NP this )NP )PP )VP )VP )S )SBAR )NP )VP )S , '' (NP (NP the employee )NP , (NP *UNKC Allen )NP , (PP of (NP (NP *UNKC *UNKING Resources )NP , (NP (NP *UNKC )NP , (NP Md. )NP )NP )NP )PP )NP , (ADVP recently )ADVP (VP told (NP a congressional hearing )NP )VP . )S  STOP
(S (S (NP She )NP (VP said (SBAR (S (NP her employer )NP (VP ca n't (VP afford (NP the rate increases )NP )VP )VP )S )SBAR )VP )S , and (S (NP she )NP (VP fears (SBAR (S (NP she )NP (VP wo n't (VP find (NP (NP another job )NP (PP with (NP (NP a benefit plan )NP (VP covering (NP her *UNK )NP )VP )NP )PP )NP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (PP For (NP (NP employee and employer )NP (ADVP *UNK )ADVP )NP )PP , (NP the worry )NP (VP is (ADJP widespread )ADJP )VP . )S  STOP
(S (NP *UNKC )NP (ADVP repeatedly )ADVP (VP show (SBAR that (S (NP small-business owners )NP (VP *UNK (NP the (NX (NX availability )NX and (NX rising cost )NX (PP of (NP health insurance )NP )PP )NX )NP (PP as (NP (NP one )NP (PP of (NP their biggest concerns )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP The House Energy and Commerce Committee 's )NP health subcommittee )NP , (VP headed (PP by (NP (NP Democratic Rep. Henry *UNKC )NP (PP of (NP California )NP )PP )NP )PP )VP , )NP (VP is (VP looking (PP into (NP complaints (SBAR that (S (NP small businesses )NP (VP (CONJP not only )CONJP (VP ca n't (VP keep (NP (ADJP *UNKLY priced )ADJP *UNK- insurance )NP (SBAR if (S (NP claims )NP (VP are (VP filed )VP )VP )S )SBAR )VP )VP , but (VP (ADVP often )ADVP ca n't (VP get (NP coverage )NP (ADVP at all )ADVP (SBAR if (S (NP a worker )NP (VP is (VP *UNKED (S (ADJP *UNKLY *UNK )ADJP )S )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S `` (S (NP I )NP (VP have (NP (NP (NP an *UNKED name )NP (PP for (NP (NP people )NP (PP in (NP that position )NP )PP )NP )PP )NP : (NP (NP sick people )NP (SBAR (WHNP who )WHNP (S (VP need (NP health insurance )NP )VP )S )SBAR )NP )NP )VP )S , '' (NP Rep. *UNKC )NP (VP says )VP . `` )S  STOP
(S (SBAR (WHNP What )WHNP (S (NP we )NP (VP 're (VP seeing (ADVP now )ADVP )VP )VP )S )SBAR (VP makes (NP (NP a *UNK )NP (PP of (NP (NP the idea )NP (PP of (NP insurance )NP )PP )NP )PP )NP : (S (VP (VP collect (NP premiums )NP (PP from (NP the healthy )NP )PP )VP , (VP dump (NP the sick )NP )VP and (VP let (S (NP them )NP (VP pay (NP their own bills )NP )VP )S )VP )VP )S )VP . '' )S  STOP
(S (NP Some lawmakers )NP (VP may (VP seek (NP (NP legislation )NP (SBAR (S (VP to (VP limit (NP *UNKLY *UNK insurance policies )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP The concern )NP (VP grows (PP out (PP of (NP (NP increased efforts )NP (PP by (NP the insurers )NP )PP (S (VP to (VP *UNK (NP the small-business market )NP )VP )VP )S )NP )PP )PP )VP . )S  STOP
(S (SBAR As (S (NP larger companies )NP (VP (ADVP increasingly )ADVP (VP *UNK- )VP , or (VP use (NP reserves )NP (S (VP to (VP pay (NP (NP their own workers ' )NP medical bills )NP )VP )VP )S )VP )VP )S )SBAR , (NP the insurance industry )NP (VP has (VP turned (PP to (NP (NP the *UNK- market )NP (SBAR (WHNP that )WHNP (S (VP was (ADVP once )ADVP (NP a *UNK )NP (PP for (NP them )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(SINV `` (S (S (NP Insurance companies )NP (VP will (VP offer (NP a good rate )NP (SBAR if (S (NP no one )NP (VP is (ADJP sick )ADJP )VP )S )SBAR )VP )VP )S , but (S (NP it )NP (VP 's (NP (NP a roll )NP (PP of (NP the *UNK )NP )PP )NP )VP )S )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP (PP of (NP (NP the Small Business Service Bureau )NP , (NP (NP a group )NP (VP representing (NP (NP *UNKN small businesses )NP (ADVP nationwide )ADVP )NP )VP )NP )NP )PP )NP . )SINV  STOP
(FRAG `` (NP (NP One case )NP (PP of (NP (NP cancer )NP or (NP (NP a high-risk pregnancy )NP (PP with (NP a sick *UNK )NP )PP )NP )NP )PP )NP , and (S (NP rates )NP (VP go (ADVP up (NP (QP 40 % to 60 % )QP )NP )ADVP )VP )S . )FRAG  STOP
(S (NP *UNKC people )NP (VP end (PRT up )PRT (S (VP paying (NP (NP insurance premiums )NP (ADJP worth (NP (NP (QP two to three times )QP the cost )NP (PP of (NP one *UNK )NP )PP )NP )ADJP )NP )VP )S )VP . '' )S  STOP
(S (PP In (NP addition )NP )PP , (NP the group )NP (VP says (SBAR (S (NP (NP some )NP (PP of (NP its member companies )NP )PP )NP (VP have (VP been (VP denied (NP insurance )NP (SBAR because (S (NP individual workers )NP (VP had (NP (NP medical problems )NP (SBAR (WHNP that )WHNP (S (VP *UNKED (PP (PP from (NP a *UNK *UNK condition )NP )PP (PP to (NP (NP (NP *UNK *UNKING )NP (PP after (NP a *UNK )NP )PP )NP , (NP *UNK )NP and (NP *UNK )NP )NP )PP )PP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The Health Insurance Association )NP (PP of (NP America )NP )PP , (NP (NP an insurers ' )NP trade group )NP , )NP (VP acknowledges (SBAR that (S (NP (NP *UNK competition )NP (PP among (NP its members )NP )PP (S (VP to (VP *UNK (NP (NP businesses )NP (ADJP likely (S (VP to (VP be (NP good risks )NP (PP during (NP (NP the first year )NP (PP of (NP coverage )NP )PP )NP )PP )VP )VP )S )ADJP )NP )VP )VP )S )NP (VP has (VP *UNKED (NP (NP the problem )NP (PP in (NP the small-business market )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP it )NP (VP says (SBAR that (S (NP rapid rate increases )NP (VP are (ADVP directly )ADVP (VP tied (PP to (NP (NP the soaring cost )NP (PP of (NP health care )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Some business analysts )NP (VP blame (NP the problem )NP (PP on (NP (NP tough competition )NP (PP in (NP the insurance market )NP )PP )NP )PP )VP . )S  STOP
(S (NP They )NP (VP say (SBAR (S (NP insurance companies )NP (VP use (NP (NP policies )NP (VP aimed (PP at (S (VP excluding (NP bad risks )NP )VP )S )PP )VP )NP (SBAR because (S (NP their competitors )NP (VP do )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S But (NP the general practice )NP (VP makes (S (NP (NP it )NP )NP (ADJP more difficult )ADJP (S (VP to (VP combine (NP (NP small groups )NP (PP of (NP people )NP )PP )NP (PP into (NP larger groups )NP )PP , (S (ADVP thus )ADVP (VP *UNKING (NP the risk )NP (PP over (NP (NP a larger base )NP (PP of (NP premiums )NP )PP )NP )PP )VP )S )VP )VP )S )S )VP . )S  STOP
(S `` (S (NP I )NP (VP 'm not (VP *UNKING (NP insurers )NP (PP of (NP (NP *UNK )NP (PP of (NP duty )NP )PP )NP )PP )VP )VP )S , '' (NP (NP Robert *UNKC )NP (PP of (NP (NP the U.S. Chamber )NP (PP of (NP Commerce )NP )PP )NP )PP )NP (VP told (NP (NP Mr. *UNKC 's )NP panel )NP )VP . )S  STOP
(S `` (NP You )NP (VP ca n't (VP ask (S (NP one carrier )NP (VP to (VP *UNK (PP on (NP social grounds )NP )PP )VP )VP )S (SBAR (WHADVP when )WHADVP (S (NP that )NP (VP might (VP destroy (NP it )NP (PP in (NP the marketplace )NP )PP )VP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP (NP Rep. *UNKC )NP and (NP (NP Democratic Sen. Edward Kennedy )NP (PP of (NP Massachusetts )NP )PP )NP )NP (VP have (VP proposed (NP (NP regulation )NP (SBAR (S (VP to (VP deal (PP with (NP the problem )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP The proposal )NP (VP is (NP (NP just part )NP (PP of (NP (NP legislation )NP (SBAR (WHNP that )WHNP (S (VP would (VP require (S (NP businesses )NP (VP to (VP provide (NP health benefits )NP )VP )VP )S )VP )VP )S )SBAR , (NP an idea (SBAR (WHNP that )WHNP (S (VP is (VP (ADVP strongly )ADVP opposed (PP by (NP (NP small business )NP (SBAR (WHNP who )WHNP (S (VP say (SBAR (S (NP it )NP (VP would (ADVP just )ADVP (VP compound (NP the *UNK- problems )NP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )NP )PP )NP )VP . )S  STOP
(S But (NP small-business *UNK )NP (VP say (SBAR (S (NP they )NP (VP support (NP (NP the idea )NP , (VP included (PP in (NP the *UNKC bill )NP )PP )VP , (PP of (NP (NP new laws or regulations )NP (VP requiring (NP (NP greater use )NP (PP of (NP (NP community rating )NP , (SBAR (WHNP which )WHNP (S (S (VP *UNK (NP rates )NP (PP to (NP (NP the use )NP (PP of (NP health care )NP )PP (PP by (NP (NP a community )NP or (NP other large group )NP )NP )PP )NP )PP )VP )S , and (S (VP is (VP designed (S (VP to (VP prevent (NP insurance companies )NP (PP from (S (VP taking (NP only *UNK- small companies )NP (PP as (NP clients )NP )PP )VP )S )PP )VP )VP )S )VP )VP )S )S )SBAR )NP )PP )NP )VP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(SINV But (ADVP first )ADVP (PP on (NP (NP the list )NP (PP of (NP priorities )NP )PP )NP )PP (PRN , (SINV (VP says )VP (NP (NP the National Federation )NP (PP of (NP Independent Business )NP )PP )NP )SINV , )PRN (VP is )VP (S (VP to (VP *UNK (NP (NP state laws )NP (VP requiring (NP (NP the *UNK )NP (PP of (NP (NP specialty items )NP , (PP such as (NP *UNK care )NP )PP , )NP )PP (PP in (NP basic health plans )NP )PP )NP )VP )NP )VP )VP )S . )SINV  STOP
(S (NP Such requirements )NP (PRN , (S (NP they )NP (VP argue )VP )S , )PRN (VP make (S (NP (NP it )NP )NP (ADJP difficult )ADJP (S (VP to (VP provide (NP a basic , low-cost *UNK- package )NP )VP )VP )S )S )VP . )S  STOP
(SINV `` (S (S (SBAR Before (S (NP (NP the state )NP (PP of (NP Wisconsin )NP )PP )NP (VP *UNKED (SBAR that (S (NP *UNK- care )NP (VP be (VP covered )VP )VP )S )SBAR )VP )S )SBAR , (NP there )NP (VP were (NP (QP only 70 )QP *UNK- *UNK )NP (PP in (NP the state )NP )PP )VP )S ; (S (ADVP now )ADVP (NP there )NP (VP are (NP 400 )NP )VP )S )S , '' (VP says )VP (NP (NP *UNKC Miller )NP , (NP an *UNKC *UNK )NP )NP . )SINV  STOP
(S (NP She )NP (VP contends (SBAR that (S (NP similar *UNK )NP (VP have (VP (VP driven (PRT up )PRT (NP insurance costs )NP (NP 20 % )NP (PP in (NP Maryland )NP )PP )VP and (VP (NP 30 % )NP (PP in (NP California )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNK- association )NP (ADVP also )ADVP (VP (ADVP strongly )ADVP *UNK (PP with (NP (NP the proposed community rating )NP , (SBAR (WHNP which )WHNP (SINV `` (S (VP does n't (VP save (NP one dollar )NP )VP )VP )S , '' (VP argues )VP (NP (NP James *UNKC )NP , (NP (NP *UNKC 's )NP Washington counsel )NP )NP )SINV )SBAR )NP )PP )VP . )S  STOP
(S `` (NP It )NP (VP (ADVP just )ADVP (VP makes (S (NP healthy businesses )NP (VP *UNK (NP *UNK ones )NP )VP )S )VP and (VP gives (NP each employer )NP (NP less incentive (S (VP to (VP keep (S (NP his workers )NP (ADJP healthy )ADJP )S )VP )VP )S )NP )VP )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP says (SBAR (S (NP the *UNKC )NP (VP is (VP working (PP on (NP a proposal (S (VP to (VP establish (NP (NP a (ADJP privately funded )ADJP reinsurance *UNK )NP (SBAR (S (VP to (VP help (S (VP cover (NP (NP small groups )NP (SBAR (WHNP that )WHNP (S (VP ca n't (VP get (NP insurance )NP (PP without (S (VP excluding (NP certain employees )NP )VP )S )PP )VP )VP )S )SBAR )NP )VP )S )VP )VP )S )SBAR )NP )VP )VP )S )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The *UNK )NP (PP of (NP the insurance problem )NP )PP )NP (VP make (S (NP the outcome )NP (ADJP difficult (S (VP to (VP predict )VP )VP )S )ADJP )S )VP . )S  STOP
(S But (PP to (NP (NP Ms. Allen )NP , (NP (NP the employee )NP (SBAR (WHNP whose back problem )WHNP (S (VP triggered (NP a huge *UNK- increase )NP )VP )S )SBAR )NP , )NP )PP (NP the issue )NP (VP was (ADJP simple )ADJP )VP . )S  STOP
(SBARQ `` (WHNP What good )WHNP (SQ (VP is )VP (S (VP having (NP health insurance )NP )VP )S (PRN , '' (S (NP she )NP (VP asked )VP )S , )PRN `` (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP 's (ADJP (ADJP so expensive )ADJP (SBAR that (S (NP it )NP (VP becomes (ADJP impossible (SBAR (S (VP to (VP keep )VP )VP )S )SBAR )ADJP )VP )S )SBAR )ADJP (PP after (NP (QP only one )QP major claim )NP )PP )VP )S )SBAR )SQ ? )SBARQ  STOP
(S (S (NP The *UNKC consumer price index )NP (VP (VP rose (NP a *UNK 0.1 % )NP (PP in (NP October )NP )PP (PP from (NP the previous month )NP )PP )VP and (VP was (ADVP up (NP *UNKN % )NP (PP from (NP October 1988 )NP )PP )ADVP )VP )VP )S , (NP (NP the Ministry )NP (PP of (NP Economic Affairs )NP )PP )NP (VP said )VP . )S  STOP
(S (NP (NP The index )NP , (SBAR (WHNP which )WHNP (S (VP uses (NP (NP a base )NP (PP of (NP 1981 )NP )PP )NP (PP as (NP 100 )NP )PP )VP )S )SBAR , )NP (VP was (VP calculated (PP at (NP *UNKN points )NP )PP (PP in (NP October )NP )PP , (PP from (NP *UNKN )NP (PP in (NP September )NP )PP )PP )VP )VP . )S  STOP
(S (NP *UNKC inflation )NP (VP rose (PP to (NP *UNKN % )NP (PP in (NP October )NP )PP )PP (PP from (NP *UNKN % )NP (PP in (NP September )NP )PP )PP )VP . )S  STOP
(S (S (NP (NP Belgium 's )NP inflation )NP (VP has (VP been (VP rising (ADVP steadily )ADVP (PP for (NP the past year )NP )PP )VP )VP )VP )S , but (S (NP the ministry )NP (VP said (SBAR (S (NP the latest rise )NP (VP is (ADJP (ADJP slower )ADJP (PP than (NP (NP gains )NP (PP in (NP September and August )NP )PP )NP )PP )ADJP )VP )S )SBAR )VP )S . )S  STOP
(S (NP (NP Nashua Corp. )NP , (VP rumored (S (NP a potential takeover target )NP )S (PP for (NP six months )NP )PP )VP , )NP (VP said (SBAR that (S (NP a Dutch company )NP (VP has (VP sought (NP U.S. approval (S (VP to (VP buy (NP (NP (QP up to 25 )QP % )NP (PP of (NP (NP Nashua 's )NP shares )NP )PP )NP )VP )VP )S )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Nashua )NP (ADVP immediately )ADVP (VP responded (PP by (S (VP (VP strengthening (NP a *UNK- plan )NP )VP and (VP saying (SBAR (S (NP it )NP (VP will (VP buy (ADVP back )ADVP (NP (NP (NP (QP up to one million )QP )NP (PP of (NP its shares )NP )PP )NP , or (NP (NP *UNKN % )NP (PP of (NP (NP the (QP 9.6 million )QP )NP (ADJP outstanding )ADJP )NP )PP )NP )NP )VP )VP )S )SBAR )VP )VP )S )PP )VP . )S  STOP
(S (NP (NP Nashua )NP , (SBAR (WHNP whose major business )WHNP (S (VP is (S (VP selling (NP (NP *UNK )NP , (NP *UNK machines )NP and (NP related supplies )NP )NP )VP )S )VP )S )SBAR , )NP (VP said (SBAR (S (NP (NP *UNKC & Co . *UNKC )NP (PP of (NP the Netherlands )NP )PP )NP (VP filed (NP (NP a request )NP )NP (PP with (NP the Federal Trade Commission )NP )PP (PP under (NP the *UNKC Act )NP )PP (PP for (NP permission (S (VP to (VP buy (NP (NP (NP (QP more than $ 15 million )QP )NP (PP of (NP (NP Nashua 's )NP stock )NP )PP )NP but (NP (QP less than 25 )QP % )NP )NP )VP )VP )S )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Previously )ADVP , (NP (NP an affiliate )NP (PP of (NP *UNKC Canada )NP )PP )NP (VP disclosed (NP (NP a stake )NP (PP of (NP (QP less than 5 )QP % )NP )PP (PP in (NP Nashua )NP )PP )NP , (PP according (PP to (NP (NP Daniel M. *UNKC )NP , (NP (NP Nashua 's )NP treasurer )NP )NP )PP )PP )VP . )S  STOP
(S (NP (NP Nashua 's )NP stock )NP (VP has (VP *UNKED (ADVP sharply )ADVP (PP on (NP takeover speculation )NP )PP , (S (VP rising (PP to (NP (NP a high )NP (PP for (NP the year )NP )PP (PP of (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP )NP (PP in (NP June )NP )PP )PP (PP from (NP $ *UNKN )NP (PP in (NP March )NP )PP )PP )VP )S )VP )VP . )S  STOP
(S But (NP the company )NP (VP has (VP had (NP weak results )NP (ADVP so far )ADVP (NP this year )NP , (PP with (S (NP earnings )NP (VP declining (NP 43 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP , (PP on (NP (NP a (ADJP 4 % )ADJP decline )NP (PP in (NP revenue )NP )PP (PP to (NP (QP $ *UNKN million )QP )NP (PP through (NP (NP the first nine months )NP (PP of (NP the year )NP )PP )NP )PP )PP )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S (S (NP Its stock )NP (VP has (VP *UNKED (ADVP recently )ADVP , (S (VP closing (ADJP unchanged )ADJP (NP Friday )NP (PP at (NP (NP $ 29 )NP (NP a share )NP )NP )PP (PP in (NP composite trading )NP )PP (PP on (NP the New York Stock Exchange )NP )PP )VP )S )VP )VP )S ; (S (PP at (NP that price )NP )PP , (NP the company )NP (VP has (NP (NP a market value )NP (PP of (NP (QP about $ *UNKN million )QP )NP )PP )NP )VP )S . )S  STOP
(S (NP Nashua )NP (VP announced (NP the *UNKC request )NP (SBAR after (S (NP the market )NP (VP closed )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP (NP Nashua 's )NP `` intention )NP (VP is (S (VP to (VP remain (NP an independent public company )NP )VP )VP )S )VP )S )SBAR )VP . '' )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP it )NP (VP amended (NP its shareholder rights plan )NP (PP by (S (VP reducing (PP (PP to (NP 10 % )NP )PP (PP from (NP 20 % )NP )PP )PP (NP (NP the level )NP (PP of (NP (NP ownership )NP (PP by (NP an *UNK )NP )PP )NP )PP (SBAR (WHNP that )WHNP (S (VP would (VP trigger (NP (NP the issuance )NP (PP to (NP other holders )NP )PP (PP of (NP rights (S (VP to (VP buy (NP (NP additional shares )NP (PP of (NP Nashua common )NP )PP )NP (PP at (NP half price )NP )PP )VP )VP )S )NP )PP )NP )VP )VP )S )SBAR )NP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP (NP the company 's )NP board )NP (VP authorized (NP (NP the purchase )NP (PP of (NP (QP up to an additional one million )QP shares )NP )PP )NP )VP . )S  STOP
(S (PP Under (NP (NP (NP a program )NP (VP approved (PP by (NP the company )NP )PP (PP in (NP 1987 )NP )PP )VP )NP (SBAR (WHNP that )WHNP (S (VP did n't (VP specify (NP a share amount )NP )VP )VP )S )SBAR )NP )PP , (NP Nashua )NP (VP had (VP purchased (NP *UNKN shares )NP (PP through (NP Sept. 29 )NP )PP )VP )VP . )S  STOP
(S (NP (NP Alex *UNKC )NP , (NP (NP an analyst )NP (PP at (NP Prudential-Bache Securities )NP )PP )NP , )NP (VP said (SBAR that (S (SBAR while (S (NP (NP (NP Nashua 's )NP performance )NP (NP this year )NP )NP (VP has (VP been `` (ADJP *UNK )ADJP )VP )VP )S )SBAR , '' (NP the company )NP (ADVP nonetheless )ADVP (VP is (ADJP attractive (PP as (NP a `` classic *UNK candidate )NP )PP )ADJP (SBAR because (S (NP there )NP (VP 's (NP (NP no *UNK )NP (PP between (NP its -LCB- four -RCB- businesses )NP )PP )NP )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP estimated (NP the *UNK value )NP (PP at (NP (NP $ 55 )NP (NP a share )NP )NP )PP )VP . )S  STOP
(S (PP In (NP (NP addition )NP (PP to (S (VP (VP selling (NP *UNKC (NX (NX *UNK )NX and (NX *UNK machines )NX )NX )NP (PP in (NP Europe )NP )PP )VP and (VP (NP *UNK supplies )NP (PP in (NP the U.S. )NP )PP )VP )VP )S )PP )NP )PP , (NP Nashua )NP (VP has (NP (NP three other major businesses )NP : (NP (NP *UNK and *UNK )NP , (NP (NP data storage disks )NP (PP for (NP computers )NP )PP )NP and (NP *UNK- *UNKING )NP )NP )NP )VP . )S  STOP
(S (NP The (ADJP closely held )ADJP supermarket chain )NP (VP named (S (NP Frank *UNKC )NP (NP (NP vice president )NP and (NP treasurer )NP )NP )S )VP . )S  STOP
(S (NP The *UNK- Mr. *UNKC )NP (VP *UNK (NP Grand Union )NP (PP from (NP (NP *UNKC Co. )NP , (SBAR (WHADVP where )WHADVP (S (NP he )NP (VP was (NP treasurer )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (S (NP (NP The current account deficit )NP (PP on (NP (NP (NP France 's )NP balance )NP (PP of (NP payments )NP )PP )NP )PP )NP (VP narrowed (PP to (NP (NP (QP *UNKN billion )QP French francs )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP (PP in (NP August )NP )PP )PP (PP from (NP a revised (QP 2.1 billion )QP francs )NP (PP in (NP July )NP )PP )PP )VP )S , (NP the Finance Ministry )NP (VP said )VP . )S  STOP
(S (ADVP Previously )ADVP , (NP the July figure )NP (VP was (VP estimated (PP at (NP (NP a deficit )NP (PP of (NP (QP *UNKN million )QP francs )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKLY adjusted figures )NP (PP for (NP August )NP )PP )NP (VP were n't (ADJP available )ADJP (PP because of (NP (NP a recent strike )NP (SBAR (WHNP that )WHNP (S (VP has (VP *UNKED (NP (NP the ministry 's )NP data collection )NP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP Weisfield 's )NP Inc. )NP (VP said (SBAR (S (NP it )NP (VP is (PP in (NP (NP preliminary discussions )NP (PP regarding (NP (NP the possible sale )NP (PP of (NP the company )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A spokesman )NP (PP for (NP the retail *UNK )NP )PP )NP (VP said (SBAR (SBAR (S (NP the company )NP (VP would (VP provide (NP more details )NP (NP today )NP )VP )VP )S )SBAR and (SBAR that (S (NP it )NP (VP expects (S (VP to (VP reach (NP a definitive agreement )NP (PP by (NP (NP the end )NP (PP of (NP the week )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )SBAR )VP . )S  STOP
(S (PP In (NP over-the-counter trading )NP )PP (NP Friday )NP , (NP Weisfield 's )NP (VP gained (NP $ *UNKN )NP (PP to (NP $ 39 )NP )PP )VP . )S  STOP
(S (PP At (NP that price )NP )PP , (NP the company )NP (VP has (NP (NP an indicated value )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )VP . )S  STOP
(S (NP Weisfield 's )NP (VP had (NP (NP (QP about 1.1 million )QP shares )NP (ADJP outstanding )ADJP )NP (PP as (PP of (NP July 31 )NP )PP )PP )VP . )S  STOP
(S (NP The stock )NP (VP gained (NP $ *UNKN )NP (NP Thursday )NP (S (VP to (VP close (PP at (NP a (ADJP *UNK- week )ADJP high )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP In (NP (NP the aftermath )NP (PP of (NP (NP the Beijing *UNK )NP (PP on (NP June 4 )NP )PP )NP )PP )NP )PP , (NP economists )NP (VP advanced (NP (NP (ADJP *UNKLY *UNK )ADJP views )NP (PP on (SBAR (WHADVP how )WHADVP (S (NP Hong Kong )NP (VP would (VP be (VP affected )VP )VP )VP )S )SBAR )PP )NP )VP . )S  STOP
(SINV (PP Among (NP the most *UNK )NP )PP (VP was )VP (NP *UNK *UNKC (PRN -LRB- Asia -RRB- )PRN Ltd )NP . )SINV  STOP
(S (PP In (NP a June 5 reaction )NP )PP , (NP the Bankers Trust Co. unit )NP (VP *UNKED (S (NP the economy )NP `` (ADJP *UNK )ADJP )S )VP . '' )S  STOP
(S (NP Others )NP (VP were (ADJP more cautious )ADJP )VP . )S  STOP
(S (PP In (NP (NP a July analysis )NP (VP *UNKED (S `` (PP (PP From (NP *UNKC )NP )PP (PP to (NP *UNKC )NP )PP )PP )S )VP )NP )PP , '' (NP (NP *UNKC *UNKC (PRN -LRB- Far East -RRB- )PRN Ltd. )NP , (NP another securities firm )NP , )NP (VP said (SBAR that (S (NP *UNKING confidence )NP (VP might (VP *UNK (NP future economic development )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Today )NP , (PP with (S (NP (NP business activity )NP (PP in (NP Hong Kong )NP )PP )NP (VP *UNKING (ADVP along )ADVP (PP at (NP an *UNK pace )NP )PP )VP )S )PP , (NP (NP the economy )NP (NP itself )NP )NP (VP seems (S (VP *UNKED (PP in (NP (NP a struggle )NP (PP between (NP hope and fear )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (NP Manufacturers )NP (VP have (VP survived (NP (NP the turmoil )NP (PP in (NP China )NP )PP )NP (S (ADJP largely *UNKED )ADJP )S )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP *UNK )NP )PP )NP (VP seem (ADJP evident )ADJP (PP in (NP (NP Hong Kong 's )NP *UNK- hotel sector )NP )PP )VP . )S  STOP
(S But (PP in (NP the stock and real-estate markets )NP )PP , (NP activity )NP (VP remains (ADJP *UNK )ADJP (SBAR even though (S (NP prices )NP (VP have (VP *UNKED (NP (NP much )NP (PP of (NP their lost ground )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKING demand )NP (VP reported (PP by (NP (NP *UNK )NP , (NP retailers )NP and (ADVP even )ADVP (NP fancy restaurants )NP )NP )PP )VP )NP (ADVP all )ADVP (VP *UNK (NP (NP a profile )NP (PP of (NP (NP a community )NP (SBAR (WHNP that )WHNP (S (VP is (VP (ADVP sharply )ADVP *UNKING (NP its *UNK )NP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (SBAR As (S (NP many economists and businessmen )NP (VP see (NP it )NP )VP )S )SBAR , (NP those *UNK )NP (VP *UNK (NP (NP a *UNK )NP (SBAR (WHNP that )WHNP (S (VP seems (ADJP likely (S (VP to (VP *UNK (NP the economy )NP (PP throughout (NP the 1990s )NP )PP )VP )VP )S )ADJP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP That *UNK )NP (VP is (NP (NP (NP Hong Kong 's )NP (ADJP (ADJP *UNKLY *UNKING )ADJP yet (ADJP politically *UNK )ADJP )ADJP relationship )NP (PP with (NP China )NP )PP )NP )VP . )S  STOP
(S (PP As (NP (NP a model )NP (PP of (NP *UNK efficiency )NP )PP (PP on (NP (NP southern China 's )NP *UNK )NP )PP )NP )PP , (NP (NP Hong Kong 's )NP prospects )NP (VP look (ADJP good )ADJP )VP . )S  STOP
(S (NP (NP China 's )NP land and labor )NP (VP offer (NP (NP *UNK alternatives )NP (PP to (NP local industry )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC freight )NP (VP *UNK (PP through (NP (NP the territory 's )NP *UNK )NP )PP )VP . )S  STOP
(S (PP In (NP (NP the decade )NP (SBAR since (S (NP the communist nation )NP (VP emerged (PP from (NP *UNK )NP )PP )VP )S )SBAR )NP )PP , (NP (NP its *UNKING trade )NP (PP with (NP the West )NP )PP )NP (VP has (VP lifted (NP (NP Hong Kong 's )NP status )NP (PP as (NP a regional business center )NP )PP )VP )VP . )S  STOP
(S (NP These benefits )NP (VP seem (ADJP secure )ADJP (PP despite (NP (NP China 's )NP current (ADJP economic and political )ADJP troubles )NP )PP )VP . )S  STOP
(S But (PP to (NP Hong Kong )NP )PP , (NP China )NP (VP is n't (NP *UNKLY business )NP )VP . )S  STOP
(S (NP It )NP (VP is (ADVP also )ADVP (NP (NP the *UNK power )NP (SBAR (WHNP that )WHNP (S (PRN , (SINV come (NP 1997 )NP )SINV , )PRN (VP will (VP take (PRT over )PRT (NP this British colony )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP China 's )NP leaders )NP (VP have (VP promised (NP *UNK *UNK )NP (PP for (NP *UNK- Hong Kong )NP )PP )VP )VP . )S  STOP
(S (NP That promise )NP (VP sounds (ADJP *UNK )ADJP (SBAR (ADVP now )ADVP that (S (NP those same leaders )NP (VP have (VP fallen (ADVP back (PP on (NP (NP *UNKC *UNK )NP and (NP *UNK force )NP )NP )PP )ADVP (S (VP to (VP crush (NP (NP their nation 's )NP democracy movement )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP people and capital )NP )PP (PP from (NP Hong Kong )NP )PP )NP (VP have (VP been (VP growing (SBAR since (S (NP the *UNK issue )NP (ADVP first )ADVP (VP *UNK (PP in (NP the early 1980s )NP )PP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP A (ADJP widely held )ADJP assumption )NP (ADVP all along )ADVP (VP has (VP been (SBAR that , (S (PP given (NP its robust economy )NP )PP , (NP Hong Kong )NP (VP will (VP be (ADJP able (S (VP to (VP attract (NP sufficient foreign money and talent )NP (S (VP to (VP (ADVP *UNKLY )ADVP offset (NP the *UNK )NP )VP )VP )S )VP )VP )S )ADJP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP With (S (NP (NP interest )NP (PP in (NP (NP *UNK and investment )NP (ADVP abroad )ADVP )NP )PP )NP (VP soaring (PP since (NP June 4 )NP )PP )VP )S )PP , (NP that assumption )NP (ADVP no longer )ADVP (VP seems (ADJP so safe )ADJP )VP . )S  STOP
(S (NP Investment and *UNK plans )NP (VP take (NP time )NP (S (VP to (VP come (PP to (NP *UNK )NP )PP )VP )VP )S )VP . )S  STOP
(S (S (NP (QP Only four )QP months )NP (VP have (VP passed (PP since (NP the Beijing massacre )NP )PP )VP )VP )S , and (S (NP few )NP (VP are (VP prepared (S (VP to (VP predict (NP its ultimate impact )NP )VP )VP )S )VP )VP )S . )S  STOP
(S (NP The only consensus )NP (VP is (SBAR that (S (NP (NP more money and people )NP )NP (VP may (VP leave (NP Hong Kong )NP (SBAR than (S (VP had (VP been (VP thought (S (ADJP likely )ADJP )S )VP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP This expected blow )NP (VP has (VP cast (NP a *UNK )NP (PP over (NP (NP the economy 's )NP prospects )NP )PP )VP )VP . )S  STOP
(S (NP The question )NP (PRN , (SBAR as (S (NP many people )NP (VP see (NP it )NP )VP )S )SBAR , )PRN (VP is (SBAR (WHADVP how long )WHADVP (S (NP such uncertainty )NP (VP will (VP last )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP an economist )NP (PP with (NP (NP *UNKC *UNKC )NP , (NP (NP a subsidiary )NP (PP of (NP (NP France 's )NP *UNKC *UNKC )NP )PP )NP )NP )PP )NP , )NP (VP believes (SBAR that (S (NP the territory )NP (VP may not (VP be (ADJP able (S (VP to (VP regain (NP its momentum )NP (PP until (NP (NP some time )NP (PP after (NP 1997 )NP )PP )NP )PP )VP )VP )S )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP may (VP experience (NP an *UNKING (QP or two )QP )NP (PP in (NP between )NP )PP )VP )VP . )S  STOP
(S But (PP with (S (NP local investors )NP (VP *UNK (PP by (NP (NP China 's )NP (ADJP political and economic )ADJP turmoil )NP )PP )VP )S )PP (PRN , (S (NP she )NP (VP says )VP )S , )PRN (NP a genuine recovery )NP (VP may not (VP *UNK (SBAR until (S (NP Hong Kong )NP (VP can (VP prove (S (NP itself )NP (ADJP secure (PP under (NP Chinese *UNK )NP )PP )ADJP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S `` (S (NP Investors )NP (VP have (S (VP to (VP accept (NP (NP the possibility )NP (PP of (NP (NP a significant slowdown )NP (PP in (NP (NP economic activity )NP (PP in (NP (NP the *UNK )NP (PP to (NP 1997 )NP )PP )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )VP )S , '' (NP she )NP (VP says )VP . )S  STOP
(S `` (PP Over (NP the next few years )NP )PP , (NP I )NP (VP would (VP advise (NP caution )NP )VP )VP . '' )S  STOP
(S (PP In (NP (NP a *UNK- published book )NP (PP on (NP the territory )NP )PP )NP )PP , (NP (NP a political economist )NP , (NP *UNKC *UNKC )NP , )NP (VP has (VP *UNKED (NP three future *UNK )NP (PP from (NP (NP interviews )NP (PP with (NP 41 Hong Kong government officials and businessmen )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP (QP Nearly half )QP )NP (PP of (NP them )NP )PP )NP (VP argue (SBAR that (S (NP (NP (NP Hong Kong 's )NP *UNK relationship )NP (PP with (NP China )NP )PP )NP (VP will (VP (VP *UNK )VP (PRN -- though (VP not *UNK )VP -- )PRN (NP long-term economic growth )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The rest )NP (VP are (VP split (PP (ADVP roughly )ADVP between (NP (NP (NP *UNK )NP (SBAR (WHNP who )WHNP (S (VP expect (S (NP Hong Kong )NP (VP to (VP *UNK (ADVP along )ADVP (SBAR as (S (VP (ADVP before )ADVP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )NP and (NP (NP *UNK )NP (SBAR (WHNP who )WHNP (S (VP *UNK (NP *UNK *UNK )NP )VP )S )SBAR )NP )NP )PP )VP )VP . )S  STOP
(S (NP The interviews )NP (VP took (NP place )NP (ADVP (NP two years )NP ago )ADVP )VP . )S  STOP
(S (SBAR Since (S (NP the China crisis )NP (VP *UNKED )VP )S )SBAR (PRN , (S (NP Mr. *UNKC )NP (VP says )VP )S , )PRN (NP (NP the scenario )NP (SBAR as (S (VP *UNKED (PP by (NP the *UNK- group )NP )PP )VP )S )SBAR )NP (VP bears (NP (NP a remarkable *UNK )NP (PP to (NP (NP the difficulties )NP (SBAR (S (NP Hong Kong )NP (ADVP currently )ADVP (VP faces )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP (NP The consensus )NP (PP of (NP (NP this group )NP , (SBAR (WHNP which )WHNP (S (NP he )NP (VP *UNK (S `` (NP *UNK )NP , '' )S )VP )S )SBAR )NP )PP )NP (VP is (SBAR that (S (NP the local economy )NP (VP will (VP grow (PP through (NP the 1990s )NP )PP (PP at (NP (NP annual rates )NP (VP *UNKING (NP (QP between 3 % and 5 % )QP )NP )VP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Such a pace )NP (PP of (NP growth )NP )PP )NP (PRN , (SBAR though (S (ADJP *UNK )ADJP (PP for (NP mature *UNKED economies )NP )PP )S )SBAR , )PRN (VP would (VP be (ADJP unusually slow )ADJP (PP for (NP Hong Kong )NP )PP )VP )VP . )S  STOP
(SINV (ADVP Only twice )ADVP (PP since (NP the 1960s )NP )PP has (NP (NP annual gross domestic product growth )NP (ADVP here )ADVP )NP (VP fallen (PP below (NP 5 % )NP )PP (PP for (NP (ADJP two or more )ADJP consecutive years )NP )PP )VP . )SINV  STOP
(S (NP The first instance )NP (VP occurred (PP in (NP (NP *UNKN )NP , (SBAR (WHADVP when )WHADVP (S (NP (NP China 's )NP *UNKC *UNKC )NP (VP triggered (NP *UNK street *UNKING )NP (PP in (NP the colony )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The other )NP (VP came (PP in (NP *UNKN )NP )PP (PP from (NP (NP the combined shock )NP (PP of (NP (NP world recession )NP and (NP a severe local stock market crash )NP )NP )PP )NP )PP )VP . )S  STOP
(S (PP During (NP the past 10 years )NP )PP , (NP (NP Hong Kong 's )NP economic growth )NP (VP has (VP averaged (NP 8.3 % )NP (ADVP annually )ADVP )VP )VP . )S  STOP
(S (PP Given (NP (NP Hong Kong 's )NP record )NP )PP , (NP (NP Mr. *UNKC 's )NP `` *UNK '' )NP (VP might (VP have (VP *UNKED (ADJP *UNKLY conservative )ADJP (SBAR (WHADVP when )WHADVP (S (NP the interviews )NP (VP took (NP place )NP (ADVP (NP two years )NP ago )ADVP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (PP Under (NP the current circumstances )NP )PP (PRN , (S (NP he )NP (VP says )VP )S , )PRN (NP their scenario )NP (ADVP no longer )ADVP (VP seems (ADJP *UNK )ADJP )VP . )S  STOP
(S `` (NP The city )NP (VP could (VP lose (NP (NP some )NP (PP of (NP its *UNK *UNK )NP )PP )NP )VP )VP . )S  STOP
(SINV (S (NP It )NP (VP could (VP lose (NP (NP some )NP (PP of (NP its *UNK )NP )PP )NP )VP )VP )S , '' (VP says )VP (NP (NP Mr. *UNKC )NP , (NP (NP a director )NP (PP of (NP (NP *UNKING Securities (PRN -LRB- Hong Kong -RRB- )PRN Ltd. )NP , (NP (NP a unit )NP (PP of (NP (NP Britain 's )NP *UNKC PLC )NP )PP )NP )NP )PP )NP )NP . `` )SINV  STOP
(S (NP It )NP (VP does n't (VP have (S (VP to (VP be (NP a disaster )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP It )NP (VP (ADVP just )ADVP means (SBAR that (S (NP Hong Kong )NP (VP would (VP become (NP a (ADJP less exciting )ADJP place )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (S (VP *UNKING (PP by (NP (NP official forecasts )NP (PP of (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP measures (NP (NP (NP the colony 's )NP output )NP (PP of (NP goods and services )NP )PP , (PP *UNK (NP foreign income )NP )PP , )NP )VP )S )SBAR )NP )PP )NP )PP )VP )S (NP (NP Mr. *UNKC 's )NP `` *UNK '' )NP (VP seem (ADJP relatively close (PP to (NP the mark )NP )PP )ADJP )VP . )S  STOP
(S (PP After (S (VP taking (PP into (NP account )NP )PP (NP (NP the *UNK )NP (PP from (NP the China crisis )NP )PP )NP )VP )S )PP , (NP the government )NP (VP has (VP projected (NP (NP 1989 *UNKC growth )NP (PP of (NP 5 % )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP The *UNKED forecast )NP , (VP published (NP Aug. 25 )NP )VP )NP , (VP compares (PP with (NP (NP (NP an earlier forecast )NP (PP of (NP 6 % )NP )PP (VP published (NP March 1 )NP )VP )NP and (NP (NP a (ADJP *UNKN % )ADJP rate )NP (VP achieved (FRAG (PP in )PP )FRAG )VP )NP )NP )PP )VP )S  STOP
(S (NP (NP Sir *UNKC *UNKC )NP , (NP (NP Hong Kong 's )NP financial secretary )NP )NP , (VP says (SBAR (S (NP a further downward *UNK )NP (VP may (VP be (VP *UNKED (SBAR unless (S (NP the economy )NP (VP stages (NP a (ADJP more *UNKING )ADJP rally )NP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP We )NP (VP are n't (VP looking (PP at (NP (NP anything )NP (PP like (NP a *UNK scenario )NP )PP )NP )PP )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` But (ADVP clearly )ADVP (NP we )NP (VP 're (VP entering (NP a difficult period )NP )VP )VP . '' )S  STOP
(S (NP (NP Many factors )NP (PP *UNK (NP (NP a *UNK )NP (PP of (NP 1997 )NP )PP )NP )PP )NP (VP will (VP have (NP a *UNKING )NP (PP on (NP (NP Hong Kong 's )NP economy )NP )PP )VP )VP . )S  STOP
(S (NP One )NP (VP concerns (NP Japanese investors )NP )VP . )S  STOP
(S (S (ADJP *UNKLY visible )ADJP (PP on (NP (NP Hong Kong 's )NP property scene )NP )PP (PP in (NP 1985 )NP )PP )S , (PP by (NP last year )NP )PP (NP Japan )NP (VP had (VP become (NP the top foreign investor )NP , (S (VP spending (NP (QP $ *UNKN million )QP )NP )VP )S )VP )VP . )S  STOP
(S (NP The market )NP (VP has (VP grown (ADJP relatively quiet )ADJP (PP since (NP the China crisis )NP )PP )VP )VP . )S  STOP
(S But (SBAR if (S (NP the Japanese )NP (VP return (PP in (NP force )NP )PP )VP )S )SBAR , (NP their financial might )NP (VP could (VP *UNK (PP to (NP some extent )NP )PP (PP for (NP (NP local investors ' )NP *UNKING commitment )NP )PP )VP )VP . )S  STOP
(S (NP (ADJP Another (PRN -- and critical -- )PRN )ADJP factor )NP (VP is (NP (NP the U.S. )NP , (NP (NP Hong Kong 's )NP biggest export market )NP )NP )VP . )S  STOP
(S (PP (ADVP Even )ADVP before (NP the China crisis )NP )PP , (NP weak U.S. demand )NP (VP was (VP slowing (NP local economic growth )NP )VP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP (NP strong consumer spending )NP (PP in (NP the U.S. )NP )PP (ADVP (NP two years )NP ago )ADVP )NP (VP helped (S (VP *UNK (NP the local economy )NP (PP at (NP (QP more than twice )QP its current rate )NP )PP )VP )S )VP . )S  STOP
(S (ADVP Indeed )ADVP , (NP a few economists )NP (VP maintain (SBAR that (S (NP global forces )NP (VP will (VP continue (S (VP to (VP *UNK (NP (NP Hong Kong 's )NP economic *UNK )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Once (S (NP (NP *UNK conditions )NP , (PP such as (NP U.S. demand )NP )PP , )NP (VP *UNKING (PP in (NP (NP the territory 's )NP favor )NP )PP )VP )S )SBAR (PRN , (S (NP they )NP (VP argue )VP )S , )PRN (NP local businessmen )NP (VP will (ADVP probably )ADVP (VP (VP overcome (NP their 1997 worries )NP )VP and (VP continue (S (VP doing (NP business )NP (PP as (ADJP usual )ADJP )PP )VP )S )VP )VP )VP . )S  STOP
(S But (NP (NP economic arguments )NP , (ADJP however solid )ADJP , )NP (VP wo n't (ADVP necessarily )ADVP (VP *UNK (NP (NP Hong Kong 's )NP (QP *UNKN million )QP people )NP )VP )VP . )S  STOP
(S (NP Many )NP (VP are (NP refugees )NP , (S (VP having (VP fled (NP (NP (NP China 's )NP *UNKING cycles )NP (PP of (NP (NP political *UNK )NP and (NP poverty )NP )NP )PP )NP (SBAR since (S (NP the Communist Party )NP (VP took (NP power )NP (PP in (NP *UNKN )NP )PP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (PP As (NP a result )NP )PP , (NP (NP many )NP (PP of (NP (NP those )NP (VP (ADVP now )ADVP planning (S (VP to (VP leave (NP Hong Kong )NP )VP )VP )S )VP )NP )PP )NP (VP ca n't (VP (ADVP easily )ADVP be (VP *UNKED (PP by (NP (NP *UNK improvements )NP (PP in (NP (NP the colony 's )NP (ADJP political and economic )ADJP climate )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP *UNKC applications )NP (VP soared (PP in (NP (NP 1985 )NP , (SBAR (WHADVP when )WHADVP (S (NP Britain and China )NP (VP *UNKED (NP (NP their accord )NP (PP on (NP (NP Hong Kong 's )NP future )NP )PP )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP In (NP (NP 1987 )NP , (NP (NP (NP Hong Kong 's )NP (ADJP most *UNK )ADJP year )NP (PP for (NP a decade )NP )PP )NP )NP )PP , (NP (NP 30,000 )NP )NP (VP left , (ADVP up (NP 58 % )NP (PP from (NP the previous year )NP )PP )ADVP )VP . )S  STOP
(S (NP Last year )NP , (NP *UNKN )NP (VP went )VP . )S  STOP
(S (NP The government )NP (VP predicts (SBAR that (S (NP annual *UNK )NP (VP will (VP level (ADVP off )ADVP (PP over (NP the next few years )NP )PP (PP at (NP (NP (NP as much )NP (PP as (NP 60,000 )NP )PP )NP -- (NP (NP a *UNK )NP (SBAR (WHNP that )WHNP (S (VP is (VP (ADVP widely )ADVP regarded (PP as (ADJP *UNKLY low )ADJP )PP )VP )VP )S )SBAR )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A large number )NP (PP of (NP (NP those )NP (VP leaving )VP )NP )PP )NP (VP are (NP managers and professionals )NP )VP . )S  STOP
(S (SBAR While (S (NP no one )NP (VP *UNK (S (VP to (VP know (NP (NP the *UNK cost )NP (PP of (NP such a `` brain drain '' )NP )PP (PP to (NP the economy )NP )PP )NP )VP )VP )S )VP )S )SBAR , (NP hardly anyone )NP (VP doubts (SBAR that (S (NP it )NP (VP *UNK (NP a threat )NP )VP )S )SBAR )VP . )S  STOP
(S `` (S (SBAR (WHADVP When )WHADVP (S (NP the economy )NP (VP *UNK (NP (NP a big portion )NP (PP of (NP its work force )NP )PP (SBAR (WHNP that )WHNP (S (ADVP also )ADVP (VP happens (S (VP to (VP include (NP its (ADJP most *UNK )ADJP members )NP )VP )VP )S )VP )S )SBAR )NP )VP )S )SBAR , (NP economic growth )NP (VP is (VP *UNK (S (VP to (VP be (VP affected )VP )VP )VP )S )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP an economist )NP (PP with (NP *UNKC *UNKC Bank )NP )PP )NP )NP . )S  STOP
(S (S (SBAR While (S (NP Wall Street )NP (VP is (VP *UNKING (PP from (NP computer-driven program trading )NP )PP )VP )VP )S )SBAR , (NP big institutional investors )NP (VP are (ADJP likely (S (VP to (VP continue (NP these strategies )NP (PP at (NP full *UNK )NP )PP , (S (VP (ADVP further )ADVP *UNKING (NP the stock market )NP )VP )S )VP )VP )S )ADJP )VP )S , (NP trading executives )NP (VP say )VP . )S  STOP
(S (S (VP *UNKING (PP to (NP a mounting public outcry )NP )PP )VP )S , (NP (NP (QP three more )QP major securities firms )NP -- (NP (NP Bear , Stearns & Co. Inc. )NP , (NP Morgan Stanley & Co. )NP and (NP Oppenheimer & Co. )NP )NP -- )NP (VP announced (NP Friday )NP (SBAR (S (NP they )NP (VP would (VP *UNK (NP (NP stock-index arbitrage trading )NP (PP for (NP their own accounts )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP PaineWebber Group Inc. )NP (VP announced (NP (NP a *UNK )NP )NP (PP on (NP Thursday )NP )PP (PP from (NP (NP stock-index arbitrage )NP , (NP (NP a controversial program-trading strategy )NP (VP blamed (PP by (NP many investors )NP )PP (PP for (S (VP encouraging (NP big stock-market swings )NP )VP )S )PP )VP )NP )NP )PP )VP . )S  STOP
(S (SBAR Though (S (NP the trading *UNK )NP (VP are (VP offered (PP as (NP (NP a sign )NP (PP of (NP (NP concern )NP (PP about (NP recent stock market volatility )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR , (NP most Wall Street firms )NP (VP remain (ADJP open (S (VP to (VP handle (NP program trading )NP (PP for (NP customers )NP )PP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP Trading executives )NP (VP (ADVP privately )ADVP say (SBAR that (S (NP (NP huge stock-index funds )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP Wall Street firms )NP (PP in (NP (NP terms )NP (PP of (NP (NP the size )NP (PP of (NP their program trades )NP )PP )NP )PP )NP )PP )VP )S )SBAR , )NP (VP will (VP continue (S (VP to (VP launch (NP big programs )NP (PP through (NP the stock market )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Wells Fargo Investment *UNKC )NP , (NP Bankers Trust Co. )NP and (NP Mellon Capital Management )NP )NP (VP are (PP among (NP (NP the top stock-index arbitrage clients )NP (PP of (NP Wall Street )NP )PP )NP )PP )VP )S , (NP trading executives )NP (VP say )VP . )S  STOP
(S (NP These huge stock-index funds )NP (VP build (NP (NP portfolios )NP (SBAR (WHNP that )WHNP (S (VP (VP match (NP (NP the S&P 500 stock index )NP or (NP other stock indexes )NP )NP )VP , and (VP (ADVP frequently )ADVP swap (PP between (NP stocks and futures )NP )PP (S (VP to (VP *UNK (NP profits )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(SINV `` (S (NP They )NP (VP will (VP do (NP it )NP (NP (NP every chance )NP (SBAR (S (NP they )NP (VP get )VP )S )SBAR )NP )VP )VP )S , '' (VP said )VP (NP one program-trading executive )NP . )SINV  STOP
(S (S (ADVP *UNKLY )ADVP , (NP (NP *UNK swings )NP (PP in (NP the stock market )NP )PP )NP (VP are not (ADJP likely (S (VP to (VP *UNK (ADVP *UNK soon )ADVP )VP )VP )S )ADJP )VP )S , (NP they )NP (VP say )VP . )S  STOP
(S (PP In (NP fact )NP )PP , (PP without (S (NP Wall Street firms )NP (VP trading (PP for (NP their own accounts )NP )PP )VP )S )PP , (NP (NP the stock-index arbitrage trading opportunities )NP (PP for (NP the big funds )NP )PP )NP (VP may (VP be (ADJP (ADVP all the more )ADVP *UNK )ADJP )VP )VP . )S  STOP
(SINV `` (S (NP More customers )NP (VP may (VP come (PP to (NP us )NP )PP (ADVP now )ADVP )VP )VP )S , '' (VP said )VP (NP (NP James *UNKC )NP , (NP (NP president )NP (PP of (NP Bear Stearns *UNKC )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP Executives )NP (SBAR (WHNP who )WHNP (S (VP manage (NP these funds )NP )VP )S )SBAR )NP (VP see (NP (NP the current debate )NP (PP over (NP program trading )NP )PP )NP (PP as (NP (NP a repeat )NP (PP of (NP (NP the concern )NP (VP expressed (PP after (NP the 1987 crash )NP )PP )VP )NP )PP )NP )PP )VP . )S  STOP
(S (NP They )NP (VP noted (SBAR that (S (NP (NP studies )NP (VP completed (PP after (NP the 1987 crash )NP )PP )VP )NP (VP *UNKED (NP program trading )NP (PP as (NP (NP a source )NP (PP of (NP volatility )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP (NP The issues )NP (SBAR (WHNP that )WHNP (S (VP are (PRN -LRB- (ADVP now )ADVP -RRB- )PRN (VP being (VP raised , (PP in (NP classic *UNK- fashion )NP )PP , )VP )VP )VP )S )SBAR )NP (VP fly (PP in (NP (NP the face )NP (PP of (NP (NP a number )NP (PP of (NP *UNK- studies )NP )PP )NP )PP )NP )PP )VP )S , '' (VP said )VP (NP (NP *UNKED *UNKC )NP , (NP (NP chairman )NP (PP of (NP Wells Fargo Investment *UNKC )NP )PP )NP )NP . )SINV  STOP
(S (NP A Bankers Trust spokesman )NP (VP said (SBAR that (S (NP (NP the company 's )NP investment arm )NP (VP uses (NP stock-index arbitrage )NP (S (VP to (VP enhance (NP (NP investors ' )NP returns )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Officials )NP (PP at (NP Mellon Capital )NP )PP )NP (VP were (ADJP *UNK (PP for (NP comment )NP )PP )ADJP )VP . )S  STOP
(S (NP *UNKC funds )NP (VP have (VP grown (PP in (NP popularity )NP )PP (PP over (NP the past decade )NP )PP (SBAR as (S (NP (NP pension funds )NP and (NP other institutional investors )NP )NP (VP have (VP sought (NP (NP a low-cost way )NP (SBAR (S (VP to (VP match (NP (NP the performance )NP (PP of (NP (NP the stock market )NP (PP as (NP a whole )NP )PP )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Many money managers )NP (SBAR (WHNP who )WHNP (S (VP trade (NP stock )NP (ADVP actively )ADVP )VP )S )SBAR )NP (VP have (NP (NP trouble )NP (S (VP (ADVP consistently )ADVP matching (NP (NP the *UNKC 's )NP returns )NP )VP )S )NP )VP . )S  STOP
(S (NP Some stock-index funds )NP (VP are (ADJP huge )ADJP )VP . )S  STOP
(S (NP Wells Fargo Investment Advisers )NP (PRN , (PP for (NP example )NP )PP , )PRN (VP managed (NP (NP (NP (QP $ 25 billion )QP )NP (PP in (NP stock investments )NP )PP )NP )NP (S (VP tracking (NP the S&P 500 )NP (PP at (NP (NP the end )NP (PP of (NP June )NP )PP )NP )PP )VP )S , (PP according (PP to (NP (NP Standard & Poor 's )NP Corp )NP )PP )PP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP (NP (QP $ 2 billion )QP )NP (PP of (NP that )NP )PP )NP (VP is (VP used (PP in (NP active index arbitrage )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP *UNKC funds )NP (ADVP frequently )ADVP (VP use (NP the futures markets )NP (PP as (NP a *UNKING tool )NP )PP )VP )S , but (S (NP that )NP (VP is (NP (NP a (ADJP far less aggressive )ADJP strategy )NP (PP than (NP (NP stock-index arbitrage )NP , (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP traders )NP (VP buy and sell (NP (NP big blocks )NP (PP of (NP stocks )NP )PP (PP with (NP (NP offsetting trades )NP (PP in (NP stock-index futures )NP )PP )NP )PP )NP (S (VP to (VP profit (PP from (NP price differences )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )NP )VP )S . )S  STOP
(S (NP (NP The 190-point plunge )NP (PP in (NP the stock market )NP )PP (NP Oct. 13 )NP )NP (VP has (VP *UNKED (NP (NP concerns )NP (PP about (NP volatility )NP )PP )NP )VP )VP . )S  STOP
(S And (SBAR while (S (NP (NP signs )NP (PP of (NP (NP an economic slowdown )NP , (NP *UNK corporate earnings )NP and (NP (NP troubles )NP (PP with (NP takeover financing )NP )PP )NP )NP )PP )NP (ADVP all )ADVP (VP have (VP contributed (PP to (NP (NP the stock market 's )NP recent weakness )NP )PP )VP )VP )S )SBAR , (NP many investors )NP (VP rushed (S (VP to (VP blame (NP program trading )NP (PP for (NP *UNKING market swings )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP The Wall Street firms ' )NP *UNK )NP (VP followed (NP (NP their recent *UNKING )NP (PP by (NP several institutional investors )NP )PP )NP )VP . )S  STOP
(S (NP Last Tuesday )NP , (NP (NP Kemper Corp. 's )NP Kemper Financial Services Inc. unit )NP (VP said (SBAR (S (NP it )NP (VP would (ADVP no longer )ADVP (VP trade (PP with (NP (NP firms )NP (VP committed (PP to (NP stock-index arbitrage )NP )PP )VP , (PP including (NP (NP the three )NP (SBAR (WHNP that )WHNP (S (ADVP later )ADVP (VP suspended (NP stock-index arbitrage trading )NP (PP on (NP Friday )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Phoenix Mutual Life Insurance Co. )NP and (NP *UNKC Asset Management Inc. )NP )NP (ADVP also )ADVP (VP cut (PRT off )PRT (NP (NP brokerage firms )NP (SBAR (WHNP that )WHNP (S (VP engage (PP in (NP program trading )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (SBAR Though (S (NP it )NP (VP is (ADVP still )ADVP (VP doing (NP stock-index arbitrage trades )NP (PP for (NP customers )NP )PP )VP )VP )S )SBAR , (NP (NP (NP Morgan Stanley 's )NP trading halt )NP (PP for (NP its own account )NP )PP )NP (VP is (ADJP likely (S (VP to (VP shake (PRT up )PRT (NP (NP firms )NP (PP such as (NP Kidder , Peabody & Co. )NP )PP (SBAR (WHNP that )WHNP (S (ADVP still )ADVP (VP do (NP such trades )NP (PP for (NP their own account )NP )PP )VP )S )SBAR )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP Morgan Stanley )NP (VP has (ADVP consistently )ADVP (VP been (NP (NP one )NP (PP of (NP the top stock-index arbitrage traders )NP )PP )NP (PP in (NP recent months )NP )PP )VP )VP . )S  STOP
(S (ADVP Indeed )ADVP , (NP (NP (NP Morgan Stanley 's )NP president )NP , (NP Richard B. *UNKC )NP )NP , (VP said (SBAR (S (NP the firm )NP (VP is (VP putting (PRT up )PRT (NP (NP money )NP (SBAR (S (VP to (VP form (NP (NP a group )NP (PP of (NP (NP regulators )NP , (NP investors )NP and (NP investment banks )NP )NP )PP )NP (S (VP to (VP find (PRT out )PRT (SBAR if (S (NP stock-index arbitrage )NP (VP (ADVP *UNKLY )ADVP *UNK (NP stock-market volatility )NP )VP )S )SBAR )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP We )NP (VP have (S (VP to (VP (VP clear (PRT up )PRT (NP these issues )NP )VP and (VP find (PRT out )PRT (SBAR (WHNP (WHNP what )WHNP )WHNP (S (VP is (ADJP present )ADJP (SBAR (WHNP that )WHNP (S (VP is (VP creating (NP *UNK volatility )NP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP )VP )S )VP )S , '' (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S `` (NP There )NP (VP is (NP (NP no question )NP (SBAR that (S (NP (NP investor confidence )NP (PRN -LRB- (PP in (NP the stock market )NP )PP -RRB- )PRN )NP (VP is (ADJP critical )ADJP )VP )S )SBAR )NP )VP . '' )S  STOP
(S (S (VP *UNKING (NP (NP the call )NP (PP for (NP (NP some kind )NP (PP of (NP (NP study )NP or (NP regulatory action )NP )NP )PP )NP )PP )NP )VP )S , (NP Merrill Lynch & Co. )NP (VP recommended (NP (NP program-trading reforms )NP )NP (NP late Friday )NP , (PP including (NP (NP (NP higher margins )NP (PP on (NP stock-index futures )NP )PP )NP and (NP greater regulatory *UNK )NP )NP )PP )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP (NP Mr. *UNKC )NP (PP of (NP Bear Stearns )NP )PP )NP (VP said (SBAR (S (NP his firm )NP (VP is (VP working (PP with (NP regulators )NP )PP (S (VP to (VP balance (NP margin requirements )NP (S (VP to `` (VP enhance (NP *UNK )NP )VP )VP )S )VP )VP )S )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP *UNKC rules )NP (VP determine (NP (NP the minimum amount )NP (PP of (NP cash )NP )PP (SBAR (S (NP an investor )NP (VP must (VP put (PRT up )PRT (SBAR (WHADVP when )WHADVP (S (VP buying (NP a security )NP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP *UNKC rules )NP (VP permit (S (NP investors )NP (VP to (VP put (PRT up )PRT (NP (NP less cash )NP (PP for (NP futures )NP )PP (PP than (PP for (NP stocks )NP )PP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP Some observers )NP (VP say (SBAR that (S (NP (NP different rules )NP (VP *UNKING (NP stock and futures markets )NP )VP )NP (VP are (ADJP partly responsible (PP for (NP volatility )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP These rules )NP (PRN , (S (NP they )NP (VP say )VP )S , )PRN (VP permit (NP (NP (NP (ADJP faster and cheaper )ADJP trading )NP (PP in (NP futures )NP )PP (PP than (PP in (NP stocks )NP )PP )PP )NP , (SBAR (WHNP which )WHNP (S (ADVP frequently )ADVP (VP *UNK (NP the two markets )NP (PP out (PP of (NP line )NP )PP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP *UNKC arbitrage )NP (PRN , (SBAR because (S (NP it )NP (VP (VP sells (NP the (ADJP more `` expensive '' )ADJP market )NP )VP and (VP buys (NP the `` cheaper '' one )NP )VP )VP )S )SBAR , )PRN (VP attempts (S (VP to (VP *UNK (NP (NP the link )NP (PP between (NP the stock and futures markets )NP )PP )NP )VP )VP )S )VP )S , and (S (NP the adjustments )NP (VP are (ADVP often )ADVP (ADJP *UNK )ADJP )VP )S . )S  STOP
(S But (NP *UNK trading rules )NP (VP allow (S (NP the futures market )NP (VP to (VP trade (ADVP *UNKLY (PP from (NP stocks )NP )PP )ADVP )VP )VP )S , (SBAR (WHNP which )WHNP (S (VP *UNK (NP (NP frequent *UNK )NP (PP of (NP stock-index arbitrage )NP )PP )NP (PP in (NP the first place )NP )PP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP There )NP (VP has (S (VP to (VP be (NP better *UNK )NP (PP on (NP a regulatory basis )NP )PP )VP )VP )S )VP )S , '' (VP said )VP (NP (NP Christopher *UNKC )NP , (NP (NP director )NP (PP of (NP trading )NP )PP (PP at (NP *UNKC Securities Corp )NP )PP )NP )NP . )SINV  STOP
(S `` (NP One agency )NP (VP should (VP have (NP (NP the authority )NP (PP over (NP all equity products )NP )PP )NP )VP )VP . )S  STOP
(S (PP Like (NP (NP (ADJP so many )ADJP trends )NP (PP in (NP the entertainment industry )NP )PP )NP )PP , (NP (NP the current *UNK )NP (PP of (NP rape *UNK )NP )PP (PP on (NP television )NP )PP )NP (VP seems (S (VP to (VP represent (NP (NP a *UNK )NP (PP of (NP *UNK- and *UNK- )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP The former )NP (VP comes (PP from (NP (NP the latest wave )NP (PP of (NP political *UNK )NP )PP (PP in (NP Hollywood )NP )PP , (PP especially around (NP (NP *UNK issues )NP (PP such as (NP abortion )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP The latter )NP (VP comes (PP from (NP (NP the perception )NP , (PP on (NP (NP the part )NP (PP of (NP (NP many people )NP (PP in (NP network TV )NP )PP )NP )PP )NP )PP , (SBAR that (S (NP (NP their only hope )NP (PP of (S (VP keeping (NP viewers )NP (PP from (S (VP *UNKING (PP to (NP cable )NP )PP )VP )S )PP )VP )S )PP )NP (VP is (S (VP to (VP fill (NP the *UNK )NP (PP with (NP an (ADJP increasingly raw )ADJP *UNK )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (S (VP Put (NP these )NP (ADVP together )ADVP )VP )S , and (S (NP you )NP (VP get (NP (NP programs )NP (PP about (NP rape )NP )PP )NP )VP )S . )S  STOP
(S (NP (NP The best )NP (PP of (NP the crop )NP )PP )NP (VP was (NP (NP (NP last week 's )NP season *UNK )NP (PP of (NP `` (PP In (NP (NP the *UNKC )NP (PP of (NP the Night )NP )PP )NP )PP , '' (NP (NP the NBC series )NP (PP based (PP on (NP (NP a *UNKN feature film )NP (PP about (NP (NP a black Philadelphia police *UNK )NP (PP in (NP a small Southern town )NP )PP )NP )PP )NP )PP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP the series )NP )PP , (NP (NP (NP *UNKC *UNKC )NP (PRN -LRB- (NP Howard *UNKC )NP -RRB- )PRN )NP and (NP (NP his wife )NP , (NP (NP *UNKC )NP (PRN -LRB- (NP *UNKC Johnson )NP -RRB- )PRN )NP )NP )NP (VP have (VP settled (PP in (NP (NP *UNKC )NP , (NP Miss )NP )NP )PP )VP )VP . )S  STOP
(S (SBAR Because (S (NP the show )NP (VP has (VP acquired (NP (NP a sense )NP (PP of (NP place )NP )PP )NP (PP by (S (VP being (VP *UNKED (PP on (NP location )NP )PP (PP in (NP Georgia )NP )PP )VP )VP )S )PP )VP )VP )S )SBAR , (NP (NP this *UNK )NP (PRN -- (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP *UNKC )NP (VP gets (VP *UNKED (PP by (NP an *UNK white *UNK )NP )PP )VP )VP )S )SBAR -- )PRN )NP (VP does (NP (NP a *UNK job )NP (PP of (S (VP *UNKING (NP (NP the social *UNK )NP (PP of (NP the crime )NP )PP )NP )VP )S )PP )NP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP (NP it )NP )NP (VP 's (ADJP harder )ADJP (S (VP to (VP establish (NP (NP a sense )NP (PP of (NP place )NP )PP )NP (PP in (NP a *UNK- TV movie )NP )PP )VP )VP )S )VP . )S  STOP
(S But (NP (NP (NP *UNK 's )NP offering )NP , `` (S (VP *UNKC (NP the *UNKC )NP )VP )S '' (PRN -LRB- (NP *UNKN p.m. EST )NP , (PP on (NP NBC )NP )PP -RRB- )PRN , )NP (VP does n't (ADVP even )ADVP (VP try )VP )VP . )S  STOP
(S (NP (NP This tale )NP (PP of (NP (NP a Chicago *UNK )NP (VP returning (NP home )NP (S (VP to (VP find (NP (NP the man )NP (SBAR (WHNP who )WHNP (S (VP *UNKED (NP her )NP (ADVP (NP 20 years )NP earlier )ADVP )VP )S )SBAR )NP )VP )VP )S )VP )NP )PP )NP (VP is (VP supposed (S (VP to (VP be (VP set (PP in (NP the *UNKC )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S But (NP it )NP (VP 's (PP more like (NP (NP an *UNK )NP (PP of (SBAR (WHNP (WHNP what )WHNP )WHNP (S (NP *UNKC Stein )NP (VP describes (PP in (NP (NP his study )NP (PP of (NP (NP social attitudes )NP (PP in (NP the TV industry )NP )PP )NP )PP )NP )PP : `` (S (NP (NP (NP *UNKC )NP (PP of (NP violence and *UNK )NP )PP ... (PP because of (NP race or *UNK )NP )PP )NP , (NP (NP fear )NP and (NP (NP lack )NP (PP of (NP (NP *UNK )NP (PP about (NP (NP the politics )NP (PP of (NP *UNK- people )NP )PP )NP )PP )NP )PP )NP )NP )NP ... (VP produce (NP (NP a powerful wave )NP (PP of (NP (NP *UNK )NP (PP of (NP small *UNK )NP )PP )NP )PP (PP in (NP (NP the minds )NP (PP of (NP TV *UNK and producers )NP )PP )NP )PP )NP )VP )S )VP )S )SBAR )PP )NP )PP )VP . '' )S  STOP
(S (NP (NP The (NX (NX (NX writer )NX )NX and (NX (NX executive producer )NX )NX (PP of `` (S (VP *UNKC (NP the *UNKC )NP )VP )S )PP )NX )NP , '' (NP Steve *UNKC )NP )NP , (VP is (NP (NP a *UNK )NP (PP of (NP Yale )NP )PP (SBAR (WHNP who )WHNP (S (VP *UNKED (PP in (NP (NP a *UNKC *UNK )NP , (VP *UNKED (NP this summer )NP )VP , (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP (NP six members )NP (PP of (NP (NP the Yale class )NP (PP of (NP *UNKN )NP )PP )NP )PP )NP (VP *UNKED (PP about (NP (NP their lives )NP (PP since (NP *UNK )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP At (NP (NP one point )NP (PP in (NP the *UNK )NP )PP )NP )PP , (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP is (ADJP Jewish )ADJP )VP )S )SBAR , )NP (VP says (SBAR (S (NP he )NP (VP felt (VP rejected (PP by (NP (NP many )NP (PP of (NP (NP the *UNKC and *UNKC )NP (SBAR (S (NP he )NP (VP met (PP at (NP Yale )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP quotes (NP (NP one student )NP (VP saying , `` (S (NP You )NP (VP 're (NP (NP just the kind )NP (PP of (NP *UNKC )NP )PP (SBAR (S (NP we *UNKC )NP (VP ca n't (VP stand )VP )VP )S )SBAR )NP )VP )S )VP )NP )VP . )S  STOP
(S '' (NP Mr. *UNKC )NP (VP *UNK (SBAR that (S (NP it )NP (VP was (ADVP partly )ADVP (PP in (NP (NP response )NP (PP to (NP such attitudes )NP )PP )NP )PP (SBAR (WHADVP that )WHADVP (S (NP he )NP (VP is (ADVP now )ADVP `` (NP (NP a *UNK )NP (PP on (NP (NP one )NP (PP of (NP (NP the two *UNK )NP (PP off (NP (NP the coast )NP (PP of (NP America )NP )PP )NP )PP )NP )PP )NP )PP )NP )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(SQ But is (NP (NP *UNK )NP (PP in (NP Hollywood )NP )PP )NP (ADJP enough )ADJP ? )SQ  STOP
(FRAG Not (VP to (VP judge (PP by (NP `` (S (VP *UNKC (NP the *UNKC )NP )VP )S , '' (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP Mr. *UNKC )NP (VP seems (S (VP to (VP be (VP settling (NP (NP a *UNK )NP (PP of (NP his own )NP )PP )NP )VP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP . )FRAG  STOP
(S (PP Of (NP (NP all the *UNKING *UNK )NP (PP of (NP *UNK- America )NP )PP (SBAR (S (NP I )NP (VP 've (VP seen (PP on (NP TV )NP )PP )VP )VP )S )SBAR )NP )PP , (NP this film )NP (VP is (NP the (ADJP most *UNKLY *UNK )ADJP )NP )VP . )S  STOP
(S (S (NP The sole *UNK character )NP (VP is (NP (NP the *UNK daughter *UNKC )NP (PRN -LRB- (NP *UNKC Smith )NP -RRB- )PRN )NP )VP )S , and (S (NP she )NP (VP is (ADJP *UNK )ADJP (PP (ADVP only )ADVP by (NP (NP *UNK )NP (PP of (S (VP having (NP (NP nothing )NP (PP in (ADJP common )ADJP )PP (PP with (NP (NP her *UNK )NP , (NP (NP a (ADJP truly *UNKED )ADJP pack )NP (PP of (NP (NP Southern *UNKC )NP (SBAR (WHNP whose *UNK existence )WHNP (S (VP consists (ADVP mostly )ADVP (PP of (NP (S (VP (VP growing (NP *UNK )NP )VP and (VP *UNKING (NP sex )NP )VP )VP )S )NP )PP )VP )S )SBAR )NP )PP )NP )NP )PP )NP )VP )S )PP )NP )PP )VP )S . )S  STOP
(S (NP I )NP (VP mean , (SBAR (S (NP these *UNK )NP (VP are (ADJP (ADJP so *UNK )ADJP (SBAR that (S (NP they )NP (VP blame (NP pretty Kate )NP (PP for (NP the fact (SBAR that (S (SBAR (WHADVP when )WHADVP (S (NP she )NP (VP was (NP a *UNK- )NP )VP )S )SBAR , (NP someone )NP (VP (VP tied (NP her hands )NP (PP behind (NP her back )NP )PP )VP , (VP *UNK (NP her head )NP (PP into (NP a *UNK *UNK )NP )PP )VP , (VP (ADVP *UNKLY )ADVP *UNKED and beat (NP her )NP )VP , and (ADVP then )ADVP (VP left (S (NP her )NP (VP to (VP die (PP in (NP a *UNK- room )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Her *UNK )NP (PRN -LRB- (NP Howard *UNKC )NP -RRB- )PRN )NP (VP is (NP (NP the kind )NP (PP of (NP guy )NP )PP (SBAR (WHNP who )WHNP , (S (SBAR while (S (VP saying (NP *UNK )NP (PP at (NP the *UNK table )NP )PP )VP )S )SBAR , (VP (VP *UNK (PP at (NP the word `` *UNK '' )NP )PP )VP and (VP *UNK (PP at (NP (NP the daughter )NP (SBAR (S (NP he )NP (VP has n't (VP seen (PP for (NP two decades )NP )PP , )VP )VP )S )SBAR )NP )PP (SBAR because (S (NP he )NP (VP knows (PP in (NP his heart )NP )PP (SBAR that (S (NP she )NP (VP (VP *UNKED (SBAR (WHNP what )WHNP (S (VP happened (PP in (NP the *UNK- room )NP )PP )VP )S )SBAR )VP , and (VP has (VP been (VP *UNKING (NP the same taste )NP (ADVP ever since )ADVP (PP in (NP (NP the *UNK )NP (PP of (NP Chicago )NP )PP )NP )PP )VP )VP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP People )NP (PP like (NP *UNK )NP )PP )NP (VP do (VP exist , (PP of (NP course )NP )PP )VP )VP . )S  STOP
(S But (PP in (NP (NP Mr. *UNKC 's )NP *UNKC )NP )PP , (NP he )NP (VP is (NP (NP but the *UNK )NP (PP of (NP the *UNK *UNK )NP )PP )NP )VP . )S  STOP
(S (NP (NP Every man )NP (SBAR (S (NP Kate )NP (VP *UNK )VP )S )SBAR )NP (VP is (UCP either (ADJP *UNKLY *UNK )ADJP , (ADJP *UNKLY *UNKING )ADJP , (ADJP *UNKLY *UNK )ADJP , or (NP all three )NP )UCP )VP . )S  STOP
(S (S (VP *UNKC (NP the fact (SBAR that (S (NP (NP any one )NP (PP of (NP them )NP )PP , (PP including (NP *UNK )NP )PP , )NP (VP could (VP be (NP her *UNK )NP )VP )VP )S )SBAR )NP )VP )S , and (S (NP you )NP (VP have (NP (NP a setting )NP (SBAR (WHNP that )WHNP (S (VP does n't (VP *UNK (NP (NP *UNK- America )NP , or (ADVP even )ADVP (NP (NP (NP Hollywood 's )NP *UNK )NP (PP of (NP *UNK- America )NP )PP )NP )NP , (ADVP (ADVP so much )ADVP (PP as (NP (NP a *UNK *UNK *UNK )NP (PP like (NP (NP (NP Margaret *UNKC 's )NP `` (NX (NP The *UNKC 's )NP *UNKC )NX , '' )NP (SBAR (S (NP itself )NP (ADVP soon )ADVP (VP to (VP be (PRN -LRB- (S (NP you )NP (VP *UNKED (NP it )NP )VP )S -RRB- )PRN (NP a Hollywood movie )NP )VP )VP )S )SBAR )NP )PP )NP )PP )ADVP )VP )VP )S )SBAR )NP )VP )S . )S  STOP
(S (NP There )NP (VP are (NP (NP two exceptions )NP : (NP (NP (NP (NP *UNKC )NP (PRN -LRB- (NP Jeffrey *UNKC )NP -RRB- )PRN )NP , (NP (NP the local doctor )NP (SBAR (WHNP who )WHNP (S (VP has (ADVP always )ADVP (VP *UNKED (NP Kate )NP )VP )VP )S )SBAR )NP )NP ; and (NP (NP (NP Lincoln )NP (PRN -LRB- (NP Richard *UNKC )NP -RRB- )PRN )NP , (NP (NP Kate 's )NP (ADJP *UNKED but *UNK )ADJP brother )NP )NP )NP )NP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP makes (NP (NP *UNK *UNK )NP (PP at (NP Kate )NP )PP )NP (SBAR (WHADVP when )WHADVP (S (NP she )NP (VP 's (VP *UNKING (PP with (NP anger and fear )NP )PP )VP )VP )S )SBAR )VP )S , but (S (NP we )NP (VP know (PP from (NP the *UNK )NP )PP (SBAR that (S (NP he )NP (VP 's not (NP (NP a member )NP (PP of (NP the *UNK *UNK )NP )PP )NP )VP )S )SBAR )VP )S . )S  STOP
(SBARQ (WHADVP How )WHADVP (SQ could (NP he )NP (VP be )VP )SQ ? )SBARQ  STOP
(S (NP He )NP (VP 's (NP (NP the director )NP (PP of (NP the local *UNKED *UNKC *UNK )NP )PP )NP )VP . )S  STOP
(S (PP As (PP for (NP Lincoln )NP )PP )PP , (SBAR if (S (NP you )NP (VP ca n't (VP guess (SBAR (WHADVP why )WHADVP (S (NP he )NP (VP 's (ADJP so *UNK (PP to (NP his sister )NP )PP )ADJP (SBAR (WHADVP when )WHADVP (S (NP everybody else )NP (VP *UNK (NP her )NP )VP )S )SBAR )VP )S )SBAR )VP )VP )S )SBAR , then (NP I )NP (VP 'm not (VP going (S (VP to (VP tell (NP you )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP As (PP for (NP the women )NP )PP )PP , (NP they )NP (VP 're (ADJP *UNK )ADJP )VP . )S  STOP
(S (NP (NP (NP Kate 's )NP *UNK )NP (PRN -LRB- (NP *UNKC *UNKC )NP -RRB- )PRN )NP (VP is (NP a moral *UNK )NP )VP . )S  STOP
(S (NP (NP Her *UNK- )NP (PRN -LRB- (NP *UNKC Wright )NP -RRB- )PRN )NP (VP is (NP (NP a *UNKING *UNK )NP (ADJP afraid (SBAR that (S (NP Kate )NP (VP will (VP *UNK (NP (NP (NP all the married men )NP (PP in (NP town )NP )PP )NP , (PP including (NP (NP a (ADJP particularly *UNK )ADJP fellow )NP (VP named (S (NP *UNKC )NP )S )VP , (SBAR (WHNP (WHNP whose idea )WHNP (PP of (NP fun )NP )PP )WHNP (S (VP is (S (VP to (VP leave (NP his wife )NP (PP at (NP home )NP )PP (S (VP *UNKING (PP to (NP her (NX (NX *UNK )NX and (NX cigarette *UNK )NX )NX )NP )PP )VP )S , (SBAR while (S (NP he )NP (VP *UNK (NP Kate )NP (PP into (NP (NP a dance )NP (SBAR (WHNP that )WHNP (S (VP consists (PP of (S (VP *UNKING (PP on (NP her )NP )PP (SBAR while (S (VP trying (S (VP to (VP break (NP her *UNK )NP )VP )VP )S )VP )S )SBAR )VP )S )PP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )ADJP )NP )VP . )S  STOP
(S (PP At (NP the very least )NP )PP , (NP it )NP (VP would (VP appear (SBAR that (S (NP *UNKC )NP (VP is (NP (NP a poor judge )NP (PP of (NP *UNK *UNK )NP )PP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S Yet (NP even these *UNKING *UNK )NP (VP are not (ADJP (ADJP as bad )ADJP (PP as (NP (NP the moral *UNK )NP (PP at (NP (NP the heart )NP (PP of `` (S (VP *UNKC (NP the *UNKC )NP )VP )S )PP )NP )PP )NP )PP )ADJP )VP . '' )S  STOP
(S (PP In (NP (NP the )NP *UNKED *UNK (PP of `` (PP In (NP (NP the *UNKC )NP (PP of (NP the Night )NP )PP )NP )PP )PP )NP )PP , '' (S (NP we )NP (VP saw (S (NP *UNKC )NP (VP being (VP attacked )VP )VP )S )VP )S , but (S (NP we )NP (VP were n't (VP invited (S (VP to (VP enjoy (NP the *UNK )NP )VP )VP )S )VP )VP )S . )S  STOP
(S (PP In (NP (NP Mr. Sohmer 's )NP film )NP )PP , (PP by (NP contrast )NP )PP , (NP we )NP (VP are (VP urged (S (VP to (VP share (NP (NP the *UNK *UNK )NP (PP of (NP (NP the *UNK )NP (VP *UNKING (PRT up )PRT (PP on (NP his victim )NP )PP )VP )NP )PP )NP , )VP )VP )S (SBAR as (S (NP the camera )NP (VP (VP *UNK (NP (NP Kate )NP (PP in (NP (NP various stages )NP (PP of (NP *UNK )NP )PP )NP )PP )NP )VP and (VP *UNK (PP on (NP (NP the *UNK )NP (PP of (NP her *UNK- body )NP )PP )NP )PP (PP during (NP (NP frequent *UNK )NP (PP to (NP the rape )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP At (NP this point )NP )PP , (NP (NP the *UNK )NP (PP between (NP *UNK and *UNK )NP )PP )NP (VP gets (ADJP *UNK *UNK )ADJP )VP . )S  STOP
(S (VP *UNKC (NP (NP the scene )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP Kate )NP (VP stands (S (ADJP *UNKED )ADJP )S (PP by (NP a *UNKED window )NP )PP , (S (VP *UNKING (PP to (NP her hidden *UNK )NP )PP , `` (S (VP *UNKC (NP (NP all )NP (SBAR (S (NP you )NP (VP want )VP )S )SBAR )NP )VP )S )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (PP *UNKING (NP tomorrow )NP )PP , (NP I )NP (VP 'm (VP *UNKING (NP you )NP )VP )VP . )S  STOP
(NP '' Or (NP (NP the one )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (S (NP she and *UNKC )NP (VP are (VP *UNKED (PP in (NP the city )NP )PP )VP )VP )S , and , (S (PP after (S (VP insisting (PP on (NP separate *UNK rooms )NP )PP )VP )S )PP , (NP she )NP (VP *UNK (PP on (NP his door )NP )PP (S (VP to (VP *UNK (PRT out )PRT (NP (NP her *UNK )NP (PP about (NP the rape )NP )PP )NP )VP )VP )S -- (S (VP wearing (NP (NP nothing )NP but (NP (NP a *UNK- )NP and (NP a *UNK- *UNK )NP )NP )NP )VP )S )VP )S )S )SBAR )NP . )NP  STOP
(S (ADVP *UNKLY )ADVP (NP the question )NP (VP is (ADJP obvious )ADJP )VP . )S  STOP
(SQ (PP With (NP (NP friends )NP (PP like (NP Mr. Sohmer )NP )PP )NP )PP , do (NP (NP the *UNK )NP (PP of (NP Hollywood )NP )PP )NP (VP need (NP *UNK )NP )VP ? )SQ  STOP
(S (NP (NP *UNKC Savings Bank 's )NP stock )NP (VP plummeted (SBAR after (S (NP management )NP (VP recommended (NP (NP a suspension )NP (PP of (NP (NP dividend payments )NP (PP on (NP both its (ADJP common and preferred )ADJP stock )NP )PP )NP )PP )NP (SBAR because (S (NP *UNKC )NP (VP may not (VP meet (NP (NP the new government capital criteria )NP (ADJP effective (NP Dec. 7 )NP )ADJP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP composite trading )NP )PP (PP on (NP the New York Stock Exchange )NP )PP (NP Friday )NP , (NP *UNKC )NP (VP closed (PP at (NP (NP $ *UNKN )NP , (ADVP down (NP $ *UNKN )NP )ADVP , )NP )PP (NP a (ADJP 26 % )ADJP decline )NP )VP . )S  STOP
(S (NP A spokesman )NP (VP said (SBAR (S (NP the savings bank )NP (VP may not (VP qualify (PP for (NP the capital requirements )NP )PP (SBAR because , (S (PP under (NP the proposed guidelines )NP )PP , (NP (NP its (QP $ *UNKN million )QP )NP (PP of (NP preferred stock )NP )PP )NP (VP does n't (VP meet (NP (NP the `` core capital '' criteria )NP (VP *UNKED (PP under (NP (NP the new Financial *UNKC Reform , *UNKC and *UNKC Act )NP (PP of (NP 1989 )NP )PP )NP )PP )VP )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP added (SBAR that (S (NP (NP final guidelines )NP (VP to (VP be (VP published (PP in (NP early November )NP )PP )VP )VP )VP )NP (VP will (VP determine (SBAR whether (S (NP the bank )NP (VP is (PP in (NP compliance )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP retained (NP (NP three investment bankers )NP (SBAR (S (VP to (VP assist (NP it )NP (PP in (S (VP developing and *UNKING (NP a financial restructuring plan )NP )VP )S )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP would n't (VP identify (NP the bankers )NP )VP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP Crossland )NP (VP reported (NP (NP a third-quarter loss )NP (PP of (NP (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (PP compared (PP with (NP (NP net income )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (ADVP (NP a year )NP ago )ADVP )NP )PP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP A major factor )NP (PP in (NP the third-quarter loss )NP )PP )NP (VP was (NP (NP the *UNK- )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP *UNK )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The spokesman )NP (VP said (SBAR that (S (NP the proposed guidelines )NP (VP caused (S (NP Crossland )NP (VP (VP to (VP *UNK (NP its business objectives )NP )VP )VP and , (VP (ADVP *UNKLY )ADVP , to (VP write (PRT down )PRT (NP (NP the asset value )NP (PP of (NP some previous acquisitions )NP )PP )NP )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Crossland )NP (VP recorded (NP (NP an additional (QP $ 20 million )QP )NP (PP in (NP loan loss reserves )NP )PP )NP (PP in (NP the third quarter )NP )PP )VP . )S  STOP
(S (NP (NP Net interest income )NP (PP for (NP the third quarter )NP )PP )NP (VP declined (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP (ADVP (NP a year )NP ago )ADVP )PP )VP . )S  STOP
(S (ADVP However )ADVP , (NP *UNK- income )NP (VP rose (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ 22 million )QP )NP )PP )VP . )S  STOP
(S (NP Third-quarter loan *UNK )NP (VP dropped (ADVP sharply )ADVP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ 1 billion )QP )NP (ADVP (NP a year )NP ago )ADVP )PP )VP . )S  STOP
(S (NP (NP Standard & Poor 's )NP Corp. )NP (VP (VP lowered (NP (NP the rating )NP (PP on (NP (NP Crossland 's )NP preferred stock )NP )PP )NP (PP to (NP *UNK- )NP )PP (PP from (NP *UNK- )NP )PP )VP and (VP placed (NP it )NP (PP on (NP *UNKC )NP )PP (PP for (NP possible further *UNK )NP )PP )VP )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP placed (PP on (NP *UNKC )NP )PP (PP for (NP possible *UNK )NP )PP (NP (NP other securities )NP , (PP including (NP (NP (NP the *UNK- rating )NP (PP of (NP (NP (NP Crossland 's )NP certificates )NP (PP of (NP deposit )NP )PP )NP )PP )NP and (NP (NP the *UNK- rating )NP (PP of (NP its senior subordinated capital notes )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP (QP About $ *UNKN million )QP )NP (PP of (NP debt )NP )PP )NP (VP is (VP affected )VP )VP . )S  STOP
(S (NP The *UNK )NP (VP *UNK (PP in (NP the mail )NP )PP )VP . )S  STOP
(S (S (VP *UNKC (NP it )NP )VP )S and (S (NP (NP two *UNK eyes )NP (PP on (NP (NP a *UNK 's )NP *UNK face )NP )PP )NP (VP *UNK (ADVP out )ADVP (PP from (NP the page )NP )PP , (ADVP *UNKLY )ADVP )VP )S . )S  STOP
(SQ Does (NP the *UNK )NP (VP have (NP (NP a good mind )NP (VP about (S (VP to (VP be (VP *UNKED )VP )VP )VP )S )VP )NP )VP ? )SQ  STOP
(SQ Is (NP he )NP (NP (NP a victim )NP (PP of (NP Gramm-Rudman cuts )NP )PP )NP ? )SQ  STOP
(S (S (INTJ No )INTJ , but (NP he )NP (VP 's (ADJP *UNKED )ADJP (ADVP all the same )ADVP )VP )S : (S (NP (NP His new *UNK )NP (PP on (NP ABC )NP )PP )NP (VP needs (NP a following )NP (S (VP to (VP stay (PP on (NP the air )NP )PP )VP )VP )S )VP )S . )S  STOP
(S (S (NP ABC )NP (VP has n't (VP had (NP much *UNK )NP (PP with (NP (NP shows )NP (VP featuring (NP blacks )NP )VP )NP )PP (PP in (NP recent years )NP )PP )VP )VP )S , and (S (NP (NP the producers )NP (PP of (NP one new *UNK )NP )PP )NP (VP are (ADJP (NP a bit )NP *UNK )ADJP )VP )S . )S  STOP
(S (NP `` (NP *UNKC )NP , '' (NP (NP a show )NP (PP about (NP (NP a black ad executive )NP (SBAR (WHNP who )WHNP (S (VP gives (PRT up )PRT (NP the *UNK )NP (PP for (NP a *UNK- *UNK )NP )PP )VP )S )SBAR )NP )PP )NP , )NP (VP is (VP *UNKING (NP the ratings test )NP )VP )VP . )S  STOP
(S So (NP producers *UNKC and *UNKC *UNKC )NP (VP (VP *UNK (NP their *UNKC )NP )VP and (VP *UNKED (NP (NP names )NP (PP of (NP black opinion makers )NP )PP )NP )VP (S (VP to (VP *UNK (NP a *UNK- campaign )NP )VP )VP )S )VP . )S  STOP
(S (PP By (S (VP *UNKING (NP a core black audience )NP )VP )S )PP (NP they )NP (VP figure (SBAR (S (NP they )NP (VP might (VP keep (S (NP the show )NP (ADJP alive )ADJP (PP (ADVP at least )ADVP until (NP the spring *UNK )NP )PP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (S (VP Using (NP direct mail )NP (PP for (NP a TV show )NP )PP )VP )S (VP is (PP like (S (VP fishing (PP for (NP *UNK )NP )PP (PP with (NP a *UNKED *UNK )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP It )NP (ADVP just )ADVP (VP is n't (VP done )VP )VP . )S  STOP
(S But (S (VP *UNKING (NP (NP this kind )NP (PP of (NP (NP *UNKING plea )NP (PP to (NP black *UNK )NP )PP )NP )PP )NP )VP )S (VP makes (S (NP it )NP (ADJP (ADVP even more )ADVP unusual )ADJP )S )VP . )S  STOP
(S (ADVP Still )ADVP , (NP Mr. *UNKC )NP (VP thinks (SBAR (S (NP he )NP (VP can (VP reach (NP (NP a good chunk )NP (PP of (NP (NP the (QP three *UNK- )QP black homes )NP (SBAR (S (NP he )NP (VP needs )VP )S )SBAR )NP )PP )NP (PP by (S (VP *UNKING (PP to (NP (NP the (QP almost 10,000 )QP blacks )NP (SBAR (WHNP who )WHNP (S (VP form (SBAR (WHNP what )WHNP (S (NP he )NP (VP calls (S `` (NP the *UNK )NP )S )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )S )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(SINV `` (S (S (NP The *UNK )NP (VP is n't (ADJP organized )ADJP )VP )S , but (S (NP you and I )NP (VP know (SBAR (S (NP it )NP (VP *UNK )VP )S )SBAR )VP )S )S , '' (VP says )VP (NP Mr. *UNKC )NP , (S (VP referring (PP to (NP (NP the often (ADJP *UNKLY small )ADJP world )NP (PP of (NP black (NX (NX professionals )NX and (NX community leaders )NX )NX )NP )PP )NP )PP )VP )S . )SINV  STOP
(S `` (S (NP This )NP (VP is (NP a (ADJP very personal )ADJP , *UNK style )NP )VP )S , '' (NP Mr. *UNKC )NP (VP says )VP . `` )S  STOP
(S (NP I )NP (VP want (S (NP (NP people )NP (UCP (PP in (NP (NP the *UNK shops )NP and (NP the beauty shops )NP )NP )PP and (VP standing (PP in (NP line )NP )PP (PP at (NP the *UNK *UNK )NP )PP )VP )UCP )NP (VP to (VP be (VP talking (PP about (NP the show )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (S (NP I )NP (VP want (S (NP white America )NP (VP to (VP talk (PP about (NP it )NP )PP , (ADVP too )ADVP , )VP )VP )S )VP )S but (S (NP I )NP (VP 'm (ADJP convinced (SBAR that (S (NP the *UNK )NP (VP is (SBAR (WHNP what )WHNP (S (VP 's (ADJP happening )ADJP )VP )S )SBAR )VP )S )SBAR )ADJP )VP )S . '' )S  STOP
(S (NP ABC )NP (VP says (SBAR (S (S (NP it )NP (VP is (ADJP aware (PP of (NP (NP the producers ' )NP action )NP )PP )ADJP )VP )S , but (S (NP the *UNKING )NP (VP was (VP sent (PP without (NP (NP the network 's )NP *UNKING )NP )PP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (NP The letter )NP , (PP in (NP fact )NP )PP , (VP takes (NP (NP a *UNK )NP (PP at (NP ABC )NP )PP (PP for (S (VP being (NP (NP a *UNK )NP (PP in (NP black programming )NP )PP )NP )VP )S )PP )NP )VP . )S  STOP
(S (S (ADVP Meanwhile )ADVP , (SBAR as (S (NP the Sunday evening show )NP (VP *UNK (S (VP to (VP stay (ADJP *UNK )ADJP )VP )VP (PP against (NP (NP the tough competition )NP (PP of (S `` (NP *UNKC )NP , (NP She )NP (VP *UNKC )VP )S )PP )NP )PP )S )VP )S )SBAR , '' (NP the *UNK idea )NP (VP is (VP threatening (S (VP to (VP turn (PP into (NP a *UNKED )NP )PP )VP )VP )S )VP )VP )S : (S (S (NP The *UNK )NP (ADVP apparently )ADVP (VP has (VP inspired (NP *UNK *UNK )NP )VP )VP )S , but (S (NP *UNK )NP (VP are (ADJP slow (PP in (S (VP coming )VP )S )PP )ADJP )VP )S )S . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP a black advertising executive )NP (SBAR (WHNP who )WHNP (S (VP tracks (NP black *UNKING patterns )NP )VP )S )SBAR )NP )NP , (VP (VP gives (NP the *UNKC )NP (NP (NP an `` A '' )NP (PP for (NP marketing *UNK )NP )PP )NP )VP , but (VP is n't (ADJP alone (PP in (NP his *UNK reaction )NP )PP )ADJP )VP )VP . )S  STOP
(S (S (NP Some shows )NP (ADVP just )ADVP (VP do n't (VP *UNK )VP )VP )S (PRN , (S (NP he )NP (VP says )VP )S , )PRN and (S (NP this )NP (VP is (NP (NP one )NP (PP of (NP them )NP )PP )NP )VP )S . )S  STOP
(S (NP TransCanada *UNKC Ltd. )NP (VP said (SBAR (S (NP it )NP (VP plans (S (VP to (VP shift (NP its headquarters )NP (PP to (NP (NP *UNKC )NP , (NP Alberta )NP )NP )PP , (PP from (NP Toronto )NP )PP (NP next year )NP (S (VP to (VP (VP cut (NP costs )NP )VP and (VP be (ADJP closer (PP to (NP the *UNK *UNK- industry )NP )PP )ADJP )VP )VP )VP )S )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Gerald *UNKC )NP , (NP (NP (NP president )NP )NP and (NP (NP chief executive officer )NP )NP (PP of (NP the *UNK- pipeline and marketing concern )NP )PP )NP , )NP (VP said (SBAR (S (NP (NP the company 's )NP future growth )NP (VP is `` (VP (ADVP increasingly )ADVP linked '' (PP to (NP (NP decisions )NP (VP made (PP by (NP *UNKED gas producers )NP )PP )VP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (PP Since (NP (NP deregulation )NP (PP of (NP the market )NP )PP (PP in (NP 1985 )NP )PP )NP )PP , (NP producers )NP (VP have (VP become (ADJP (ADVP much more *UNKLY )ADVP involved (PP in (NP both transportation and marketing )NP )PP )ADJP )VP )VP )S , '' (NP Mr. *UNKC )NP (VP said )VP . `` )S  STOP
(S (S (NP It )NP (VP 's (NP (NP a matter )NP (PP of (S (VP being (ADJP close (PP to (NP those suppliers )NP )PP )ADJP )VP )S )PP )NP )VP )S ; (S (NP (NP many )NP (PP of (NP those companies )NP )PP )NP (VP do n't (VP know (NP us )NP (ADVP (ADVP as well )ADVP (SBAR as (S (NP they )NP (VP should )VP )S )SBAR )ADVP )VP )VP )S . '' )S  STOP
(S (NP TransCanada )NP (VP *UNK (NP (NP all gas )NP (SBAR (WHNP that )WHNP (S (VP moves (ADVP *UNK )ADVP (PP from (NP Alberta )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP That )NP (VP includes (NP (NP (NP all the gas )NP (VP *UNKED (PP in (NP *UNKC and Quebec )NP )PP )VP )NP , (PP along with (NP (NP the bulk )NP (PP of (NP (NP Canadian gas exports )NP (PP to (NP the )NP )PP )NP )PP )NP )PP )NP )VP )S  STOP
(S (NP (NP Walter *UNKC )NP , (NP (NP vice president )NP (PP of (NP (NP *UNKC Gas Ltd. )NP , (NP a *UNKED gas marketing concern )NP )NP )PP )NP , )NP (VP said (SBAR (S (NP the industry )NP (VP will (VP welcome (NP the move )NP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (S (VP Having (NP (NP more )NP (PP than (NP a *UNK presence )NP )PP )NP (ADVP here )ADVP )VP )S (VP should (VP enhance (NP communications and business relationships )NP )VP )VP )S , '' (NP Mr. *UNKC )NP (VP said )VP . `` )S  STOP
(S (SBAR Since (S (NP (NP the cost )NP (PP of (S (VP *UNKING (NP gas )NP )VP )S )PP )NP (VP is (ADJP so important (PP to (NP (NP producers ' )NP ability (S (VP to (VP sell (NP it )NP )VP )VP )S )NP )PP )ADJP )VP )S )SBAR , (NP (NP it )NP )NP (VP helps (S (VP to (VP have (NP (NP *UNK and access )NP (PP to (NP transportation companies )NP )PP )NP )VP )VP )S )VP . '' )S  STOP
(S (S (NP (NP The move )NP , (SBAR (WHNP which )WHNP (S (VP could (VP cost (NP TransCanada )NP (NP (NP as much )NP (PP as (NP (NP (QP 50 million )QP Canadian dollars )NP (PRN -LRB- (NP (QP US$ *UNKN million )QP )NP -RRB- )PRN )NP )PP )NP (PP in (NP *UNK and *UNK payments )NP )PP )VP )VP )S )SBAR , )NP (VP should (VP be (ADJP complete )ADJP (PP by (NP next summer )NP )PP )VP )VP )S , (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (S (NP (QP All 700 )QP Toronto-based employees )NP (VP will (VP be (VP offered (NP (NP positions )NP (PP in (NP *UNKC )NP )PP )NP )VP )VP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (S (NP The company )NP (VP will (VP save (NP (QP between C$ 4 million and C$ 6 million )QP )NP (ADVP annually )ADVP (PP in (NP (NP office expenses )NP and (NP other administrative costs )NP )NP )PP (PP by (S (VP moving (PP to (NP *UNKC )NP )PP )VP )S )PP )VP )VP )S , (NP Mr. *UNKC )NP (VP added )VP . )S  STOP
(S (NP (NP Part )NP (PP of (NP both (NP the costs )NP and (NP the savings )NP )NP )PP )NP (VP could (VP be (VP passed (PRT on )PRT (PP to (NP (NP *UNK )NP (PP on (NP the TransCanada pipeline )NP )PP )NP )PP (PP through (NP (NP *UNK )NP , (SBAR (WHNP which )WHNP (S (VP are (VP based (PP on (NP (NP (NP the value )NP (PP of (NP the pipeline system )NP )PP )NP and (NP (NP the cost )NP (PP of (S (VP operating (NP it )NP )VP )S )PP )NP )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S (NP TransCanada )NP (VP is (VP (NP *UNKN % )NP owned (PP by (NP *UNKED holding company *UNKC Inc )NP )PP )VP )VP . )S  STOP
(S (PP Since (NP (NP its *UNKING )NP (PP in (NP *UNKN )NP )PP )NP )PP , (NP (NP Brooks Brothers )NP , (NP (NP the *UNK- )NP (PP of (NP the *UNKC League look )NP )PP )NP , )NP (VP has (VP *UNKED (NP (NP (NP *UNK sales promotions )NP and (NP fashion trends )NP )NP -- (NP (NP the rules )NP (SBAR (WHNP that )WHNP (S (NP most retailers )NP (VP live (PP by )PP )VP )S )SBAR )NP )NP )VP )VP . )S  STOP
(S But (SBAR with (S (S (NP sales growth )NP (ADJP sluggish )ADJP )S and (S (NP other (NP men 's )NP stores )NP (VP putting (PRT on )PRT (NP the heat )NP )VP )S )S )SBAR , (NP the *UNK retailer )NP (VP can (ADVP no longer )ADVP (VP afford (NP such a *UNK attitude )NP )VP )VP . )S  STOP
(S So (ADVP (NP two weeks )NP ago )ADVP , (NP (NP thousands )NP (PP of (NP (NP Brooks Brothers charge customers )NP -- (NP (NP customers )NP (VP *UNKED (S (VP to (VP wait (PP for (NP *UNKLY clearance sales )NP )PP )VP )VP )S )VP )NP -- )NP )PP )NP (VP got (NP (NP a surprise )NP : (NP an *UNK (S (VP to (VP (VP come (ADVP in )ADVP )VP and (VP buy (NP any one item )NP (PP for (NP (NP 25 % )NP (ADVP off )ADVP )NP )PP )VP )VP )VP )S )NP )NP )VP . )S  STOP
(S (PP During (NP the *UNK- promotion )NP )PP , (NP (NP *UNK )NP (PP at (NP the (NAC Short Hills , N.J. , )NAC store )NP )PP )NP (VP *UNKED (PRT up )PRT (S (VP to (VP pay (PP for (NP (NP *UNK- items )NP (PP like (NP *UNK and suits )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP That )NP (VP 's not (NP all )NP )VP . )S  STOP
(S (S (VP *UNKING (PP from (NP (NP its newspaper ads )NP (VP featuring (NP (NP *UNK *UNK )NP (PP of (NP (NP a suit )NP or (NP a *UNK )NP )NP )PP )NP )VP )NP )PP )VP )S , (NP Brooks Brothers )NP (VP is (VP marketing (NP an *UNKED image )NP (PP in (NP (NP a new campaign )NP (SBAR (WHNP that )WHNP (S (VP carries (NP (NP the *UNK )NP , `` (NP (NP The *UNKC )NP (PP of (NP Brooks Brothers )NP )PP )NP )NP )VP )S )SBAR )NP )PP )VP )VP . '' )S  STOP
(S (S (NP One color *UNK )NP (VP displays (NP (NP a *UNK )NP (PP of (NP dress *UNK )NP )PP (VP tied (PP in (NP a *UNK )NP )PP )VP )NP )VP )S ; (S (NP another picture )NP (VP shows (NP (NP *UNK )NP (PP with (NP bold designs )NP )PP )NP )VP )S . )S  STOP
(S (S (NP The message )NP (VP is (ADJP *UNK and clear )ADJP )VP )S : (S (NP This )NP (VP is not (NP (NP your father 's )NP Brooks Brothers )NP )VP )S . )S  STOP
(S (PP As (NP (NP part )NP (PP of (NP its national ad pitch )NP )PP )NP )PP , (NP Brooks Brothers )NP (VP will (VP show (NP (ADJP less *UNK )ADJP (NP women 's )NP clothes )NP , (S (VP moving (ADVP away (PP from (NP its *UNK- business *UNK )NP )PP )ADVP )VP )S )VP )VP . )S  STOP
(S (NP One ad )NP (VP shows (NP (NP a (ADJP bright red )ADJP *UNK )NP (VP *UNKED (PP with (NP a black *UNK *UNK )NP )PP )VP )NP )VP . )S  STOP
(S (S And (NP the ad copy )NP (VP is (ADJP *UNK )ADJP )VP )S : `` (SBARQ (WHADVP How )WHADVP (SQ can (NP you )NP (VP be (NP a Wall Street hot shot )NP (PP without (NP (NP (QP at least one )QP Brooks Brothers suit )NP (PP in (NP your portfolio )NP )PP )NP )PP )VP )SQ )SBARQ ? '' )S  STOP
(S (NP Brooks Brothers )NP (VP hopes (SBAR that (S (S (VP *UNKING (NP its *UNKED *UNK )NP )VP )S (VP will (VP (VP attract (NP (NP more young men )NP and (NP more women )NP )NP )VP and (VP change (NP (NP consumer *UNK )NP (PP about (NP (NP its range )NP (PP of (NP merchandise )NP )PP )NP )PP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP We )NP (VP have (NP (NP (NP men )NP (SBAR (WHNP who )WHNP (S (ADVP only )ADVP (VP buy (NP their *UNK and *UNK )NP (ADVP here )ADVP )VP )S )SBAR )NP or (NP (NP younger customers )NP (SBAR (WHNP who )WHNP (S (ADVP only )ADVP (VP buy (NP their -LCB- job -RCB- interview suit )NP (ADVP here )ADVP )VP )S )SBAR )NP )NP )VP )S , '' (VP says )VP (NP (NP William *UNKC )NP , (NP (NP (NP chairman )NP )NP and (NP (NP chief executive officer )NP )NP (PP of (NP Brooks Brothers )NP )PP )NP )NP . `` )SINV  STOP
(S (NP We )NP (VP want (S (NP them )NP (VP to (VP buy (NP (NP more )NP (PP of (NP their *UNK )NP )PP )NP (ADVP here )ADVP )VP )VP )S )VP . '' )S  STOP
(S (NP Industry *UNK )NP (VP agree (SBAR that (S (NP Brooks Brothers )NP (VP is (ADJP long *UNK )ADJP (PP in (S (VP *UNKING (NP (NP its *UNK- image )NP , (SBAR (WHNP which )WHNP (S (VP has (VP *UNKED (NP its growth )NP )VP )VP )S )SBAR )NP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (VP acquired (PP in (NP May 1988 )NP )PP (PP by (NP British retailer Marks & *UNKC PLC )NP )PP )VP )S )SBAR , (NP (NP Brooks Brothers ' )NP annual operating profit )NP (VP was (NP (QP about $ *UNKN million )QP )NP (PP on (NP (NP sales )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP concedes (SBAR that (S (PP since (NP the (ADJP (QP $ 750 million )QP )ADJP takeover )NP )PP , `` (NP sales growth )NP (VP has n't (VP been (ADJP dramatic )ADJP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (PP For (NP (NP the 11 months )NP (VP ended (NP March 31 )NP )VP )NP )PP , (NP (NP operating profit )NP (PP at (NP the *UNK- chain )NP )PP )NP (VP totaled (NP (QP $ *UNKN million )QP )NP (PP on (NP (NP sales )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )VP . )S  STOP
(S (SBAR As (S (NP Brooks Brothers )NP (VP *UNK (PP into (NP the fashion *UNK )NP )PP )VP )S )SBAR , (NP it )NP (VP will (VP be (VP playing (NP catch up )NP )VP )VP )VP . )S  STOP
(S (NP (NP Many *UNK )NP , (ADVP especially )ADVP (NP Ralph *UNKC )NP )NP , (VP have (VP *UNKED (PRT in )PRT (PP on (NP (NP the recent popularity )NP (PP of (NP *UNKED (UCP (NP *UNKC League )NP and English )UCP *UNK )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP (NP keeping )NP (PP with (NP (NP (NP men 's )NP broader fashion *UNK )NP (NP today )NP )NP )PP )NP )PP , (NP businessmen )NP (VP are (VP *UNKING (PP in (NP (NP (ADJP English and Italian )ADJP suits )NP (SBAR (WHNP that )WHNP (S (VP are (ADJP (ADJP conservative )ADJP but not (ADJP *UNK )ADJP )ADJP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP The rigid *UNKC League customer )NP , (NP (NP Brooks Brothers ' )NP *UNK and *UNK )NP )NP , (ADVP meanwhile )ADVP (VP is (VP becoming (ADJP *UNK )ADJP )VP )VP . )S  STOP
(S Thus , (NP Brooks Brothers )NP (VP has (VP lost (NP customers )NP (PP to (NP (NP stores )NP (SBAR (WHNP that )WHNP (S (VP offer (NP more variety )NP )VP )S )SBAR (PP such as (NP (NP Paul *UNKC )NP , (NP *UNKC New York )NP and (NP Louis , Boston )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP Brooks Brothers )NP (ADVP no longer )ADVP (VP has (NP (NP a lock )NP (PP on (NP (NP the -LCB- *UNKC League -RCB- customer )NP (SBAR (WHNP who )WHNP (S (VP is (ADJP *UNK- (PP about (NP his clothes )NP )PP )ADJP )VP )S )SBAR )NP )PP )NP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP president )NP (PP of (NP (NP the *UNKC *UNKC )NP , (NP (NP a traditional (NP men 's )NP store )NP (PP in (NP (NP Cambridge )NP , (NP Mass )NP )NP )PP )NP )NP )PP )NP )NP . )SINV  STOP
(S (PP By (S (VP making (NP (NP a break )NP (PP from (NP tradition )NP )PP )NP )VP )S )PP , (NP Brooks Brothers )NP (VP is (VP seeking (NP a *UNK balance )NP )VP )VP . )S  STOP
(S (S (SBAR If (S (NP it )NP (VP *UNK (NP fashion )NP (ADVP too much )ADVP )VP )S )SBAR , (NP the shop )NP (VP risks (S (VP *UNKING (NP its *UNK- customers )NP )VP )S )VP )S ; (S (PP by (S (VP *UNKING `` (NP value )NP )VP )S )PP , '' (NP it )NP (VP risks (S (VP *UNKING (PRT down )PRT (NP its *UNKED *UNK )NP )VP )S )VP )S . )S  STOP
(S (NP *UNKC industry consultants )NP (ADVP also )ADVP (VP question (SBAR whether (S (NP the company )NP (VP can (VP make (NP significant *UNK )NP (PP in (NP (NP its women 's )NP business )NP )PP )VP )VP )S )SBAR , (PP given (SBAR (SBAR that (S (NP its customer base )NP (VP is (ADJP less established )ADJP )VP )S )SBAR and (SBAR that (S (NP (NP conservative business dress )NP (PP for (NP women )NP )PP )NP (VP is (PP on (NP the decline )NP )PP )VP )S )SBAR )SBAR )PP )VP . )S  STOP
(S (NP (NP Brooks Brothers ' )NP aim )NP (VP is (SBAR for (S (NP (NP (NP 20 % )NP (PP of (NP total sales )NP )PP )NP )NP (VP to (VP come (PP from (NP (NP the women 's )NP department )NP )PP , (ADVP up (PP from (NP the current 12 % )NP )PP )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP *UNKC )NP (VP *UNK (SBAR that (S (NP there )NP (VP are (NP fashion cycles )NP (PP in (NP classic merchandise )NP )PP )VP )S )SBAR )VP )S , '' (VP *UNK )VP (NP (NP Carol *UNKC )NP , (NP a retail consultant )NP )NP . )SINV  STOP
(S `` (PP For (NP women )NP )PP , (S (VP *UNKING (PP for (NP success )NP )PP (PP in (NP a (ADJP real structured )ADJP way )NP )PP )VP )S (VP is (ADJP over )ADJP )VP . '' )S  STOP
(S (PP Despite (NP these challenges )NP )PP , (NP Marks & Spencer )NP (VP sees (NP big potential )NP (PP in (NP Brooks Brothers )NP )PP , (S (VP noting (NP the (NX (NX (ADJP widely recognized )ADJP name )NX and (NX global presence )NX )NX )NP )VP )S )VP . )S  STOP
(S (NP Marks & Spencer )NP (VP plans (S (VP to (VP open (NP (ADJP (QP roughly 18 )QP more )ADJP U.S. stores )NP (PP in (NP the next five years )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Brooks Brothers )NP (VP says (SBAR (S (NP business )NP (VP is (ADJP robust )ADJP (PP at (NP (NP (NP its 30 outlets )NP (PP in (NP Japan )NP )PP )NP and (NP (NP two shops )NP (PP in (NP Hong Kong )NP )PP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Marks & Spencer )NP (VP is (ADVP also )ADVP (VP considering (S (VP opening (NP stores )NP (ADVP across (NP Europe )NP )ADVP (PP (ADVP sometime )ADVP in (NP the future )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP (NP Alan Smith )NP , (NP (NP president )NP (PP of (NP (NP Marks & Spencer )NP (NP (NP North America )NP and (NP Far East )NP )NP )NP )PP )NP , )NP (VP says (SBAR that (S (NP (NP Brooks Brothers ' )NP focus )NP (VP is (S (VP to (VP boost (NP sales )NP (PP by (S (VP *UNKING (NP its merchandise *UNK )NP (SBAR while (S (VP keeping (NP its `` traditional emphasis )NP )VP )S )SBAR )VP )S )PP )VP )VP )S )VP )S )SBAR )VP . '' )S  STOP
(S (S (NP The British parent )NP (VP is (ADVP also )ADVP (VP streamlining )VP )VP )S : (S (NP (NP Brooks Brothers )NP , (SBAR (WHNP which )WHNP (S (VP continues (S (VP to (VP make (NP (NP almost all )NP (PP of (NP its merchandise )NP )PP )NP )VP )VP )S )VP )S )SBAR , )NP (ADVP recently )ADVP (VP (VP shut (NP (NP one )NP (PP of (NP (NP its two *UNK plants )NP (PP in (NP (NP *UNKC )NP , (NP N.J. )NP , )NP )PP )NP )PP )NP )VP and (VP has (VP closed (NP (NP *UNK ' )NP departments )NP (PP in (NP (QP all but 20 )QP stores )NP )PP )VP )VP )VP )S . )S  STOP
(S (NP Brooks Brothers )NP (VP is (ADVP also )ADVP (VP *UNKING (NP its stores )NP )VP )VP . )S  STOP
(S (NP Wednesday )NP , (NP it )NP (VP will (VP *UNK (NP (NP a (ADJP (QP $ 7 million )QP )ADJP *UNKING )NP (PP at (NP (NP its flagship store )NP (PP on (NP Madison Avenue )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (PP With (NP (ADJP newly installed )ADJP *UNK )NP )PP , (NP the store )NP (VP (VP retains (NP its *UNK *UNK- look )NP )VP but (VP is (ADJP less *UNKING )ADJP )VP )VP . )S  STOP
(S (S (NP More *UNK and *UNK )NP (VP will (VP be (VP laid (PRT out )PRT (PP on (NP tables )NP )PP , (PP instead of (S (VP sitting (PP behind (NP glass cases )NP )PP )VP )S )PP , (SBAR so that (S (NP customers )NP (VP can `` (VP (VP walk (ADVP up )ADVP )VP and (VP touch (NP them )NP )VP )VP )VP )S )SBAR )VP )VP )VP )S , '' (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S (SBAR Because (S (NP (NP the biggest growth )NP (PP in (NP *UNK )NP )PP )NP (VP is (PP in (NP *UNK *UNK )NP )PP )VP )S )SBAR , (NP Brooks Brothers )NP (VP is (VP *UNKING (NP (NP more )NP (PP of (NP that business )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP The entire second floor )NP (PP of (NP its Madison Avenue store )NP )PP )NP (VP is (ADVP now )ADVP (NP (NP *UNK *UNK )NP (VP featuring (NP (NP items )NP (PP such as (NP (NP ski *UNK )NP , (NP *UNK *UNK )NP and (NP (NP a (ADJP $ 42 )ADJP *UNK baseball *UNK )NP (PP with (NP (NP the store 's )NP *UNK )NP )PP )NP )NP )PP )NP )VP )NP )VP . )S  STOP
(S (NP (NP The *UNK )NP (PP of (NP the overhaul )NP )PP )NP , (PP according (PP to (NP Mr. *UNKC )NP )PP )PP , (VP is (NP (NP the (NP men 's )NP *UNKED clothing department )NP , (SBAR (WHADVP where )WHADVP (S (NP Brooks Brothers )NP (VP has (VP added (NP new (NX (NX suit *UNK )NX and (NX *UNK )NX )NX )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S `` (S (NP (NP The perception )NP (ADVP out there )ADVP )NP (VP is (SBAR that (S (S (NP we )NP (VP are (ADJP very conservative )ADJP )VP )S and (S (NP we )NP (ADVP only )ADVP (VP sell (NP (NP one type )NP (PP of (NP suit )NP )PP )NP )VP )S )S )SBAR )VP )S , '' (NP Mr. *UNKC )NP (VP says , (S (VP referring (PP to (NP (NP (NP Brooks Brothers ' )NP *UNK *UNK- `` *UNK suit , '' )NP (PP with (NP a (NX (NX *UNKED *UNK )NX and (NX *UNK fit )NX )NX )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S But (NP it )NP (ADVP now )ADVP (VP offers (NP (NP more *UNK- versions )NP and (NP (NP suits )NP (PP with (NP a *UNKED fit )NP )PP )NP )NP )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP plans (S (VP to (VP add (NP (NP suits )NP (VP cut (PP for (NP (NP *UNK men )NP (PP with (NP broader upper *UNK )NP )PP )NP )PP )VP )NP )VP )VP )S )VP . )S  STOP
(S (NP Next spring )NP , (NP (NP (QP nearly 30 )QP % )NP (PP of (NP its suits )NP )PP )NP (VP will (VP have (NP *UNKED *UNK )NP , (PP compared (PP with (NP (NP virtually none )NP (ADVP (NP (NP a couple )NP (PP of (NP years )NP )PP )NP ago )ADVP )NP )PP )PP )VP )VP . )S  STOP
(SINV (VP Says )VP (NP Mr. *UNKC )NP : `` (S (NP We )NP (VP want (S (VP to (VP turn (NP the customer )NP (PRT on )PRT )VP )VP )S )VP )S . )SINV  STOP
(S (NP *UNKC Corp. )NP (VP said (SBAR (S (NP it )NP (VP will (VP buy (ADVP back )ADVP (NP (QP as many as one million )QP common shares )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The maker )NP (PP of (NP chemical and industrial materials )NP )PP )NP (VP did n't (VP say (SBAR (SBAR (WHNP how much )WHNP (S (NP it )NP (VP would (VP pay )VP )VP )S )SBAR or (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP would (VP make (NP the transactions )NP )VP )VP )S )SBAR )SBAR )VP )VP . )S  STOP
(S (NP *UNKC )NP (ADVP also )ADVP (VP said (SBAR (S (NP it )NP (VP would (VP cancel (NP (NP the *UNKED portion )NP (PP of (NP a 1987 buy-back plan )NP )PP )NP (PP for (NP administrative reasons )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The plan )NP (VP calls (SBAR for (S (NP the company )NP (VP to (VP buy (ADVP back )ADVP (NP *UNKN shares )NP )VP )VP )S )SBAR , (SBAR (WHNP which )WHNP (S (VP reflects (NP (NP a *UNKN stock split )NP (NP this year )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP So far )ADVP (NP the company )NP (VP had (VP bought (ADVP back )ADVP (NP (QP 1.6 million )QP shares )NP )VP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP (NP Friday )NP , (NP *UNKC )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP down (NP 50 cents )NP )ADVP )VP . )S  STOP
(S (NP Arthur Price )NP (VP (ADVP *UNKLY )ADVP quit (PP as (NP (NP (NP president )NP )NP and (NP (NP chief executive officer )NP )NP (PP of (NP (NP MTM Entertainment Inc. )NP , (NP (NP a Los Angeles production company )NP (SBAR (WHNP that )WHNP (S (VP has (VP fallen (PP on (NP hard times )NP )PP )VP )VP )S )SBAR )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Mr. Price )NP , (ADJP (NP 61 years )NP old )ADJP , )NP (ADVP also )ADVP (VP stepped (ADVP down (PP from (NP (NP the board )NP (PP of (NP (NP TVS Entertainment PLC )NP , (NP (NP the British TV company )NP (SBAR (WHNP that )WHNP (S (NP last year )NP (VP bought (NP (NP MTM )NP , (NP (NP producer )NP (PP of (NP (NP such TV programs )NP (PP as (NP `` (NP Hill Street *UNKC )NP '' and `` (NP The Mary *UNKC *UNKC *UNKC )NP )NP )PP )NP )PP )NP )NP )VP )S )SBAR )NP )NP )PP )NP )PP )ADVP )VP . '' )S  STOP
(S (NP A TVS spokesman )NP (VP said (SBAR (S (NP he )NP (VP did n't (VP know (NP (NP Mr. Price 's )NP plans )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP James *UNKC )NP , (NP (NP TVS 's )NP chief executive )NP , )NP (VP said (PP in (NP a statement )NP )PP (SBAR that (S (NP he )NP (VP will `` (VP assume (NP (NP overall responsibility )NP '' (PP for (NP (NP MTM 's )NP operations )NP )PP )NP (SBAR until (S (NP a successor )NP (VP is (VP named )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Industry analysts )NP (VP speculated (SBAR that (S (NP (NP Mr. Price 's )NP sudden departure )NP (VP may (VP have (VP stemmed (PP from (NP (NP *UNK )NP (PP with (NP Mr. *UNKC )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP Mr. Price )NP `` (VP (VP wanted (S (VP to (VP run (NP the MTM business )NP )VP )VP )S )VP '' and (VP may (VP have (VP *UNKED (S (VP selling (NP the company )NP (PP to (NP TVS )NP )PP )VP )S )VP )VP )VP )VP )S , (VP suggested )VP (NP (NP Charles *UNKC )NP , (NP (NP managing director )NP (PP of (NP (NP *UNKC *UNKC )NP , (NP (NP a subsidiary )NP (PP of (NP (NP *UNKC Communications PLC )NP , (NP London )NP )NP )PP )NP )NP )PP )NP )NP . )SINV  STOP
(S (S (NP Mr. *UNKC )NP (VP declined (S (VP to (VP comment )VP )VP )S )VP )S , and (S (NP Mr. Price )NP (VP could n't (VP be (VP reached (PP on (NP Friday )NP )PP )VP )VP )VP )S . )S  STOP
(S (PP In (NP the TVS statement )NP )PP , (NP Mr. Price )NP (VP (VP said (SBAR `` (S (S (VP leaving (NP MTM )NP )VP )S (VP was (NP a (ADJP very difficult )ADJP decision )NP )VP )S )SBAR )VP , '' but (VP added (SBAR that `` (S (NP it )NP (VP is (ADVP now )ADVP (NP (NP time )NP (PP for (NP a change )NP )PP )NP )VP )S )SBAR )VP )VP ... . '' )S  STOP
(S (NP (NP The (ADJP (QP $ *UNKN million )QP )ADJP purchase )NP (PP of (NP MTM )NP )PP )NP (VP represented (NP (NP an *UNK international move )NP (PP for (NP (NP TVS )NP , (SBAR (WHNP which )WHNP (S (ADVP then )ADVP (VP was (NP (QP about half )QP (NP the U.S. concern 's )NP size )NP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (PP At (NP the time )NP )PP , (NP Mr. *UNKC )NP (VP said (SBAR (S (NP (NP his *UNK )NP (PP with (NP Mr. Price )NP )PP )NP (VP had (VP *UNKED (NP (NP the way )NP (PP for (NP (NP its link )NP (PP with (NP the small British company )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP TVS )NP (VP *UNKED (NP industry analysts )NP (NP last month )NP (PP by (S (VP *UNKING (SBAR that (S (NP it )NP (VP expected (S (NP MTM )NP (VP to (VP post (NP (NP an operating loss )NP (PP for (NP this year )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP )S )PP )VP . )S  STOP
(S (PP In (NP that announcement )NP )PP , (NP TVS )NP (ADVP also )ADVP (VP said (SBAR (S (NP it )NP (VP was (VP (VP *UNKING (NP production finance )NP )VP and (VP hiring (NP a new U.S. sales manager )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Mr. *UNKC )NP (VP has (VP spent (NP (NP a lot )NP (PP of (NP time )NP )PP )NP (PP since (NP late September )NP )PP (PP at (NP (NP MTM 's )NP headquarters )NP )PP )VP )VP )S ; (S (NP he )NP (VP (VP eliminated (NP three departments )NP )VP and (VP fired (NP six executives )NP )VP , (PP according (PP to (NP the TVS spokesman )NP )PP )PP )VP )S . )S  STOP
(S (S (NP *UNKC staff cuts )NP (VP are (ADJP likely )ADJP )VP )S , (NP the spokesman )NP (VP indicated )VP . )S  STOP
(S `` (ADVP *UNKLY )ADVP , (NP we )NP (VP are (VP looking (PP at (S (VP making (NP economies )NP (ADVP across (NP the board )NP )ADVP )VP )S )PP )VP )VP . '' )S  STOP
(S (NP TVS )NP (VP *UNK (NP (NP difficulties )NP (PP in (S (VP *UNKING (NP (NP *UNK )NP (PP of (NP MTM shows )NP )PP )NP (PP to (NP U.S. *UNK )NP )PP )VP )S )PP )NP (PP for (NP (NP the problems )NP (PP at (NP MTM )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The market )NP (PP for (NP (NP *UNK )NP (VP sold (PP to (NP local U.S. *UNK )NP )PP )VP )NP )PP )NP (VP has (VP been (ADJP weak )ADJP (PP for (NP the past (QP three or four )QP *UNK )NP )PP )VP )VP . )S  STOP
(S (NP Mr. Price )NP (VP *UNKED (NP MTM )NP (PP in (NP 1969 )NP )PP (PP with (NP (NP U.S. *UNK Mary *UNKC Moore )NP and (NP (NP *UNKC *UNKC )NP , (NP her *UNK- )NP )NP )NP )PP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (ADVP later )ADVP (VP left (S (VP to (VP become (NP (NP chairman )NP (PP of (NP National Broadcasting Co )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP The TVS spokesman )NP (VP said (SBAR (S (NP Mr. Price )NP (ADVP still )ADVP (VP holds (NP (NP about an (ADJP 8 % )ADJP TVS stake )NP , (VP acquired (PP as (NP (NP part )NP (PP of (NP the MTM acquisition )NP )PP )NP )PP )VP )NP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP late trading )NP )PP (PP on (NP (NP London 's )NP Stock Exchange )NP )PP (NP Friday )NP , (NP TVS shares )NP (VP rose (NP four pence )NP (PP to (NP (NP *UNKN pence )NP (NP a share )NP )NP )PP )VP . )S  STOP
(S (NP (NP Two rival bidders )NP (PP for (NP Connaught *UNKC )NP )PP )NP (VP extended (NP their offers (S (VP to (VP acquire (NP the Toronto-based vaccine manufacturer )NP )VP )VP )S )NP (NP Friday )NP )VP . )S  STOP
(S (NP (NP *UNKC Merieux S.A. )NP , (SBAR (WHNP which )WHNP (S (VP offered (NP (NP (NP (QP *UNKN million )QP Canadian dollars )NP (PRN -LRB- (NP (QP US$ *UNKN million )QP )NP -RRB- )PRN )NP , or (NP (NP C$ 37 )NP (NP a share )NP )NP )NP (PP for (NP Connaught )NP )PP )VP )S )SBAR , )NP (VP said (SBAR (S (NP it )NP (VP would (VP extend (NP (NP its bid )NP , (ADJP due (S (VP to (VP expire (NP last Thursday )NP )VP )VP )S )ADJP , )NP (PP to (NP Nov. 6 )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A (ADJP C$ *UNK- )ADJP bid )NP (PP by (NP (NP (NP Ciba-Geigy Ltd. )NP , (NP (NP a pharmaceutical company )NP (VP based (PP in (NP (NP *UNKC )NP , (NP Switzerland )NP )NP )PP )VP )NP )NP , and (NP (NP *UNKED *UNKC Corp. )NP , (NP a *UNK concern )NP , )NP )NP )PP )NP (VP was (VP extended (PP to (NP Nov. 16 )NP )PP )VP )VP . )S  STOP
(S (NP It )NP (VP had (VP been (ADJP due (S (VP to (VP expire (NP Friday evening )NP )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (NP Merieux )NP (ADVP previously )ADVP (VP said (SBAR (S (NP it )NP (VP would (VP ensure (SBAR (S (NP its bid )NP (VP remained (ADJP open )ADJP (PP pending (NP (NP a final decision )NP (PP by (NP Canadian regulators )NP )PP (PP on (SBAR whether (S (VP to (VP approve (NP the takeover )NP )VP )VP )S )SBAR )PP )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Merieux )NP , (NP (NP a vaccine and *UNK firm )NP (VP based (PP in (NP (NP *UNKC )NP , (NP France )NP )NP )PP )VP )NP , )NP (VP is (VP controlled (NP *UNKN % )NP (PP by (NP state-owned *UNKC *UNKC *UNKC )NP )PP )VP )VP . )S  STOP
(S (NP The Canadian government )NP (ADVP previously )ADVP (VP said (SBAR (S (NP (NP Merieux 's )NP bid )NP (VP did n't (VP (VP offer (NP enough `` net benefit '' )NP (PP to (NP Canada )NP )PP (S (VP to (VP be (VP approved )VP )VP )VP )S )VP , and (VP gave (NP Merieux )NP (NP an (X until *UNK- )X )NP (S (VP to (VP submit (NP additional information )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Merieux officials )NP (VP said (NP last week )NP (SBAR that (S (NP they )NP (VP are (ADJP `` highly confident '' (SBAR (S (NP the offer )NP (VP will (VP be (VP approved (SBAR once (S (NP it )NP (VP *UNK (NP (NP details )NP (PP of (NP its proposed investments )NP )PP )NP (PP to (NP federal regulators )NP )PP )VP )S )SBAR )VP )VP )VP )S )SBAR )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP Both offers )NP (VP are (ADJP *UNK (PP on (NP (NP regulatory *UNK )NP and (S (NP enough shares )NP (VP being (VP tendered (S (VP to (VP give (NP the bidders )NP (NP (NP a majority )NP (PP of (NP (NP (NP Connaught 's )NP shares )NP (ADJP outstanding )ADJP )NP )PP )NP )VP )VP )S )VP )VP )S )NP )PP )ADJP )VP . )S  STOP
(S (NP (NP *UNKC Merieux )NP , (SBAR (WHNP which )WHNP (S (ADVP already )ADVP (VP holds (NP (NP a (ADJP 12.5 % )ADJP stake )NP (PP in (NP Connaught )NP )PP )NP )VP )S )SBAR , )NP (VP said (SBAR that (S (PP at (NP (NP the close )NP (PP of (NP business )NP )PP )NP )PP (NP Thursday )NP , (NP (NP (NP *UNKN shares )NP (PP of (NP Connaught )NP )PP )NP and (NP (NP (ADJP (QP C$ *UNKN million )QP )ADJP face amount )NP (PP of (NP debentures )NP )PP , (ADJP convertible (PP into (NP *UNKN common shares )NP )PP )ADJP , )NP )NP (VP had (VP been (VP tendered (PP to (NP its offer )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP At (NP (NP the close )NP (PP of (NP business )NP )PP )NP )PP (NP Thursday )NP , (NP Ciba-Geigy and *UNKC )NP (VP said (SBAR (S (NP *UNKN common shares )NP (VP had (VP been (VP tendered (PP to (NP their offer )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP At (NP last report )NP )PP , (NP Connaught )NP (VP had (NP (NP (QP *UNKN million )QP shares )NP (ADJP outstanding )ADJP )NP )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP the Ontario Supreme Court )NP (VP said (SBAR (S (NP it )NP (VP will (VP postpone (ADVP *UNKLY )ADVP (NP (NP a ruling )NP (PP on (NP (NP the lawsuit )NP (VP launched (PP by (NP (NP the University )NP (PP of (NP Toronto )NP )PP )NP )PP (PP against (NP Connaught )NP )PP (PP in (NP (NP connection )NP (PP with (NP the Merieux bid )NP )PP )NP )PP )VP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP a statement )NP (VP prepared (PP by (NP lawyers )NP )PP (PP for (NP (NP the university )NP and (NP Connaught )NP )NP )PP )VP )NP )PP , (NP the parties )NP (VP said (SBAR (S (NP they )NP (VP agreed (SBAR that (S (PP as (NP (NP a result )NP (PP of (S (VP reaching (NP a (ADJP (QP *UNK *UNKN million )QP )ADJP research accord )NP )VP )S )PP )NP )PP , `` (NP (NP It )NP )NP (VP is (ADJP unnecessary )ADJP (SBAR that (S (NP there )NP (VP be (NP (NP a judgment )NP (PP on (NP (NP the *UNK )NP -LCB- (PP of (NP the case )NP )PP -RCB- )NP )PP )NP (PP at (NP this time )NP )PP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP Lawyers )NP (PP for (NP the two sides )NP )PP )NP (VP were n't (ADVP immediately )ADVP (ADJP available (PP for (NP comment )NP )PP )ADJP )VP . )S  STOP
(S (NP The university )NP (VP had (VP sought (NP (NP an injunction )NP (VP blocking (NP (NP Connaught 's )NP board )NP (PP from (NP (S (VP *UNKING or supporting (NP (NP an offer )NP (PP for (NP the company )NP )PP (PP by (NP Merieux )NP )PP )NP )VP )S )NP )PP )VP )NP )VP )VP . )S  STOP
(S (NP *UNKC Inc. )NP (VP said (SBAR (S (NP it )NP (VP is (VP calling (PP for (NP (NP the redemption )NP (PP on (NP Dec. 7 )NP )PP (PP of (NP (NP all the 800,000 remaining shares )NP (ADJP outstanding )ADJP (PP of (NP its (ADJP $ *UNKN )ADJP Series A convertible preferred stock )NP )PP )NP )PP (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The insurance concern )NP (VP said (SBAR (S (NP (NP all conversion rights )NP (PP on (NP the stock )NP )PP )NP (VP will (VP *UNK (PP on (NP Nov. 30 )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Until (NP then )NP )PP , (NP *UNKC )NP (VP said (SBAR (S (NP the stock )NP (VP remains (ADJP convertible (PP into (NP common stock )NP )PP (PP at (NP (NP the rate )NP (PP of (NP (NP *UNKN shares )NP (PP of (NP common stock )NP )PP (PP for (NP (NP each share )NP (PP of (NP preferred stock )NP )PP , )NP )PP )NP )PP (SBAR (WHNP which )WHNP (S (VP is (ADJP equivalent (PP to (NP (NP a conversion price )NP (PP of (NP (NP $ *UNKN )NP (NP a common share )NP )NP )PP )NP )PP )ADJP )VP )S )SBAR )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP New York Stock Exchange trading )NP )PP (NP Friday )NP , (NP *UNKC )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP down (NP 25 cents )NP )ADVP )VP . )S  STOP
(S (NP *UNKC Energy Corp. )NP (VP said (SBAR (S (NP the Ohio Water Development Authority )NP (VP approved (NP (NP terms )NP (PP for (NP (NP two series )NP (PP of (NP (NP tax-exempt bonds )NP (SBAR (S (VP to (VP finance (NP a *UNK- control and *UNK- *UNK facilities )NP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The authority )NP (VP will (VP issue (NP (NP a total )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP *UNK- revenue bonds )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Proceeds )NP (PP of (NP the sale )NP )PP )NP (VP will (VP go (PP to (NP (NP *UNKC 's )NP operating subsidiaries )NP )PP (S (VP to (VP finance (NP (NP the projects )NP , (VP located (PP at (NP (NP a nuclear unit )NP (VP located (PP near (NP Cleveland )NP )PP )VP )NP )PP )VP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP The bonds )NP (VP will (VP be (VP issued (PP for (NP (NP a term )NP (PP of (NP 34 years )NP )PP )NP )PP (PP at (NP (NP an interest rate )NP (PP of (NP 8 % )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP Goldman , Sachs & Co. )NP (VP is (NP the underwriter )NP )VP . )S  STOP
(S (NP (NP General Motors Corp. 's )NP *UNKC *UNKC division )NP (VP put (NP a (ADJP $ 750 )ADJP cash incentive )NP (PP on (NP its 1990 *UNKED *UNKC and *UNKC trucks )NP )PP )VP . )S  STOP
(S (NP (NP The program )NP , (SBAR (WHNP which )WHNP (S (VP runs (PP through (NP Jan. 4 )NP )PP )VP )S )SBAR , )NP (ADVP also )ADVP (VP offers (NP *UNK- financing )NP (PP in (NP (NP *UNK )NP (PP of (NP the cash *UNK )NP )PP )NP )PP )VP . )S  STOP
(S (PP After (NP (NP days )NP (PP of (NP (ADJP intense but *UNK )ADJP negotiations )NP )PP )NP )PP , (NP a federal judge )NP (NP last week )NP (VP threatened (S (VP to (VP convert (NP (NP William *UNKC Hunt 's )NP Chapter 11 personal bankruptcy case )NP (PP into (NP a Chapter 7 liquidation )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Judge Harold C. *UNKC )NP (VP raised (NP the possibility )NP (SBAR after (S (S (NP (NP talks )NP (SBAR (S (VP to (VP end (NP (NP a *UNK )NP (PP between (NP two major creditors )NP )PP )NP )VP )VP )S )SBAR )NP (VP failed )VP )S and (S (NP (NP all three reorganization plans )NP (PP in (NP the case )NP )PP )NP (VP ran (PP into (NP *UNK )NP )PP )VP )S )S )SBAR )VP . )S  STOP
(S (SBAR If (S (NP the case )NP (VP is (VP converted (PP to (NP Chapter 7 )NP )PP )VP )VP )S )SBAR , (SBAR (WHNP what )WHNP (S (VP remains (PP of (NP (NP the oil *UNK 's )NP *UNK- estate )NP )PP )VP )S )SBAR (PRN -- (S (ADVP now )ADVP (VP believed (S (VP to (VP have (NP (NP a value )NP (PP of (NP (QP less than $ 125 million )QP )NP )PP )NP )VP )VP )S )VP )S -- )PRN (VP would (VP be (VP sold (PRT off )PRT (ADVP quickly )ADVP (PP with (S (NP (NP most )NP (PP of (NP the proceeds )NP )PP )NP (VP going (PP to (NP (NP the Internal Revenue Service )NP , (SBAR (WHNP (NP whose claim )NP (PP for (NP (NP (QP $ 300 million )QP )NP (PP in (NP back taxes )NP )PP )NP )PP )WHNP (S (VP has (NP priority )NP (PP in (NP the case )NP )PP )VP )S )SBAR )NP )PP )VP )S )PP )VP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP smaller creditors )NP )PP )NP (VP could (VP get (NP nothing )NP , (PP according (PP to (NP (NP attorneys )NP (VP involved )VP )NP )PP )PP )VP )VP . )S  STOP
(S (SBAR While (S (VP *UNKING (SBAR (S (NP such a move )NP (VP would (VP be (ADJP `` *UNKING '' )ADJP (PP to (NP most creditors )NP )PP )VP )VP )S )SBAR )VP )S )SBAR , (NP Judge *UNKC )NP (VP told (NP (NP a courtroom )NP (VP filled (PP with (NP (QP nearly two dozen )QP attorneys )NP )PP )VP )NP (SBAR that (S (NP he )NP (VP was (VP concerned (PP (PP about (NP (NP the toll )NP (SBAR (S (NP mounting legal bills )NP (VP will (VP take (PP on (NP (NP Mr. Hunt 's )NP *UNKING estate )NP )PP )VP )VP )S )SBAR )NP )PP and (PP about (NP the fact (SBAR that , (S (PP following (NP (NP voting )NP (PP by (NP creditors )NP )PP )NP )PP , (NP (NP none )NP (PP of (NP the reorganization plans )NP )PP )NP (VP appeared (S (VP to (VP be (ADJP viable )ADJP (PP in (NP their present form )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )PP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP (NP It )NP )NP (VP would (VP be (NP a *UNK )NP (S (VP to (VP have (NP a Chapter 7 )NP )VP )VP )S (PP after (NP (NP all the progress )NP (PP in (NP this case )NP )PP )NP )PP )VP )VP )S , '' (VP said )VP (NP Judge *UNKC )NP . )SINV  STOP
(S (PP Under (NP (NP Chapter 11 )NP (PP of (NP the Federal Bankruptcy Code )NP )PP )NP )PP , (NP a company )NP (VP continues (S (VP to (VP operate (PP under (NP (NP protection )NP (PP from (NP (NP creditors ' )NP lawsuits )NP )PP )NP )PP (SBAR while (S (NP it )NP (VP works (PRT out )PRT (NP (NP a plan )NP (SBAR (S (VP to (VP pay (NP its debts )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (PP Under (NP Chapter 7 )NP )PP , (NP (NP the assets )NP (PP of (NP a company )NP )PP )NP (VP are (VP sold (PRT off )PRT (S (VP to (VP pay (NP creditors )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP Despite (NP his reluctance (S (VP to (VP take (NP the latter step )NP )VP )VP )S )NP )PP , (NP the judge )NP (VP indicated (SBAR (S (NP he )NP (VP would (VP move (ADVP quickly )ADVP (PP after (S (VP hearing (NP testimony )NP (NP later this week )NP (PP in (NP (NP the bitter dispute )NP (PP between (NP (NP Manufacturers Hanover Trust Co. )NP and (NP (NP Minpeco S.A. )NP , (NP (NP a *UNK concern )NP (VP owned (PP by (NP the *UNKC *UNK )NP )PP )VP )NP )NP )NP )PP )NP )PP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The Manufacturers Hanover Corp. unit )NP , (SBAR (WHNP which )WHNP (S (VP is (VP seeking (NP (NP *UNK )NP (PP of (NP a (ADJP (QP $ 36 million )QP )ADJP loan )NP )PP )NP )VP )VP )S )SBAR , )NP (VP has (VP asked (NP the court )NP (S (VP to (VP give (NP its claim )NP (NP (NP priority )NP (PP over (NP (NP that )NP (PP of (NP (NP Minpeco )NP , (SBAR (WHNP which )WHNP (S (VP won (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP judgment )NP (PP against (NP (NP Mr. Hunt )NP , (NP his brother Nelson *UNKC Hunt )NP and (NP other defendants )NP )NP )PP )NP (NP last year )NP (PP in (NP (NP a case )NP (VP stemming (PP from (NP their alleged attempts (S (VP to (VP corner (NP the silver market )NP (FRAG (PP in )PP )FRAG )VP )VP )S )NP )PP )VP )NP )PP )VP )S )SBAR )NP )PP )NP )PP )NP )VP )VP )S )VP )VP )S  STOP
(S (SBAR While (S (VP claiming (SBAR that (S (NP (NP penalties )NP , (NP legal fees )NP and (NP interest )NP )NP (VP have (VP driven (NP (NP the value )NP (PP of (NP its claim )NP )PP )NP (PP to (NP (QP more than $ 250 million )QP )NP )PP )VP )VP )S )SBAR )VP )S )SBAR , (NP Minpeco )NP (VP has (VP agreed (S (VP to (VP settle (PP for (NP (NP an allowed claim )NP (PP of (NP (QP as much as $ *UNKN million )QP )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S But (NP even that )NP (VP is (VP disputed (PP by (NP (NP Manufacturers Hanover )NP (SBAR (WHNP which )WHNP , (S (PP in (NP (NP alliance )NP (PP with (NP the IRS )NP )PP )NP )PP , (VP contends (SBAR that (S (NP Minpeco )NP (VP has (ADVP already )ADVP (VP *UNKED (NP (NP more )NP (PP than (NP its actual damages )NP )PP )NP (PP from (NP (NP other defendants )NP (PP in (NP the *UNK- case )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (PP Under (NP (NP *UNKING )NP (PP from (NP Judge Abramson )NP )PP )NP )PP , (NP a Minpeco executive )NP (VP *UNK (ADVP in (PP from (NP *UNKC )NP )PP )ADVP (NP last week )NP (S (VP to (VP talk (ADVP directly )ADVP (PP with (NP (NP executives )NP (PP from (NP Manufacturers Hanover )NP )PP )NP )PP (PP on (NP a settlement )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP Despite (NP (NP long private sessions )NP (PP in (NP both (NP New York )NP and (NP Dallas )NP )NP )PP )NP )PP , (NP the two sides )NP (VP ended (NP the week )NP `` (NP (NP (NP 6,000 miles )NP and (NP many dollars )NP )NP (ADVP apart )ADVP )NP , '' (PP according (PP to (NP (NP attorney *UNKC Ray )NP , (SBAR (WHNP who )WHNP (S (VP represents (NP Manufacturers Hanover )NP )VP )S )SBAR )NP )PP )PP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (PP inside (NP the courtroom )NP )PP , (NP the judge )NP (VP said (SBAR (S (NP he )NP (VP would (VP fine (NP (NP attorneys )NP (PP for (NP the two creditors )NP )PP )NP (NP $ 50 )NP (NP (NP every time )NP (SBAR (S (NP they )NP (VP referred (PP to (NP each other )NP )PP (PP with (NP (NP terms )NP (PP such as (NP `` *UNK '' or `` *UNK )NP )PP )NP )PP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP All three major creditors )NP -- (NP (NP the IRS )NP , (NP Minpeco )NP and (NP Manufacturers Hanover )NP )NP -- )NP (VP (VP voted (PP against )PP )VP and (VP (ADVP effectively )ADVP *UNKED )VP (NP (NP a reorganization plan )NP (VP proposed (PP by (NP Mr. Hunt )NP )PP )VP )NP )VP . )S  STOP
(S (NP (NP A reorganization plan )NP (VP proposed (ADVP jointly )ADVP (PP by (NP (NP the IRS )NP and (NP Manufacturers Hanover )NP )NP )PP )VP )NP (VP was (VP stalled (PP by (NP (NP a negative vote )NP (PP from (NP Minpeco )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The *UNK concern 's )NP own reorganization plan )NP (VP met (NP a similar fate )NP (PP after (NP (NP opposition )NP (PP from (NP (NP the IRS )NP and (NP Manufacturers Hanover )NP )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP Neither plan )NP (VP is (ADJP dead )ADJP )VP , (ADVP however )ADVP )S , and (S (NP the judge )NP (VP could (VP force (S (NP creditors )NP (VP to (VP accept (NP (NP some version )NP (PP of (NP them )NP )PP )NP )VP )VP )S (PP after (S (VP ruling (PP on (NP the *UNKC Hanover dispute )NP )PP )VP )S )PP )VP )VP )S . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP settlement negotiations )NP (VP continue (PP between (NP (NP Mr. Hunt )NP and (NP (NP the IRS )NP , (SBAR (WHNP which )WHNP (S (VP has (ADVP already )ADVP (VP reached (NP (NP a tentative agreement )NP (PP with (NP Nelson *UNKC Hunt )NP )PP )NP )VP )VP )S )SBAR )NP )NP )PP )VP . )S  STOP
(S (NP The two sides )NP (VP have (VP been (ADVP far apart )ADVP (PP on (SBAR (WHNP how much )WHNP (S (NP Herbert Hunt )NP (VP will (VP continue (S (VP to (VP *UNK (NP the government )NP )VP )VP )S (SBAR after (S (NP his assets )NP (VP are (VP sold )VP )VP )S )SBAR )VP )VP )S )SBAR )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC E. *UNKC )NP , (NP (NP a partner )NP (PP in (NP (NP the Washington law firm )NP (PP of (NP *UNKC , *UNKC , *UNKC & Murphy )NP )PP )NP )PP )NP , )NP (VP was (VP named (S (NP (NP a director )NP (PP of (NP this utility holding company )NP )PP )NP )S , (S (VP increasing (NP board membership )NP (PP to (NP 14 )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP Pacific First Financial Corp. )NP (VP said (SBAR (S (NP it )NP (VP signed (NP (NP a *UNKING letter )NP (PP of (NP intent (S (VP to (VP acquire (NP (NP the construction lending unit )NP (PP of (NP (NP Old Stone Bank )NP (PP of (NP California )NP )PP )NP )PP )NP )VP )VP )S )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (S (NP Terms )NP (VP have n't (VP been (VP *UNKED )VP )VP )VP )S , but (S (NP the transaction )NP (VP is (VP expected (S (VP to (VP close (PP by (NP year end )NP )PP )VP )VP )S )VP )VP )S )S , (NP Pacific First )NP (VP said )VP . )S  STOP
(S (NP (NP Old Stone 's )NP construction lending portfolio )NP (VP includes (NP (NP (QP about $ 250 million )QP )NP (PP in (NP real-estate loans )NP )PP (ADJP outstanding )ADJP )NP )VP . )S  STOP
(S (S (NP The unit )NP (VP has (NP (NP 30 employees )NP (PP in (NP four California offices )NP )PP )NP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP Pacific First )NP (VP owns (NP (NP Pacific First Federal Savings Banks )NP and (NP other financial services firms )NP )NP )VP . )S  STOP
(S (S (NP (NP General Electric Co. 's )NP *UNK- leasing unit )NP (VP completed (NP (NP the (ADJP (QP $ *UNKN million )QP )ADJP purchase )NP (PP of (NP similar businesses )NP )PP (PP from (NP (NP *UNKC National Corp. )NP and (NP (NP *UNKC Corp. )NP , (ADJP *UNKED (PP by (NP *UNKC )NP )PP )ADJP )NP )NP )PP )NP )VP )S , (NP the sellers )NP (VP said )VP . )S  STOP
(S (NP The buyer )NP (VP was (NP (NP GE Capital *UNKC Services )NP , (NP Chicago )NP , (NP (NP (NP a major owner )NP (PP of (NP *UNK equipment )NP )PP )NP and (NP (NP part )NP (PP of (NP the GE Capital operations )NP )PP )NP )NP )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP New York )NP , )NP (VP estimated (SBAR (S (NP it )NP (VP had (NP (NP (NP a *UNK- gain )NP (PP on (NP the transaction )NP )PP (PP of (NP (QP $ 57 million )QP )NP )PP )NP , (PP including (NP (NP its part )NP (PP of (NP (NP *UNKC 's )NP gain )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (PP Because of (NP *UNK- *UNK- )NP )PP , (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP expects (S (VP to (VP escape (NP (NP taxes )NP (PP on `` (NP (NP a substantial portion )NP (PP of (NP the gain )NP )PP )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . '' )S  STOP
(S (S (NP (NP The estimated gain )NP (PP for (NP *UNKC )NP )PP )NP (VP is (NP (NP (QP $ 15 million )QP )NP , (PP including (NP (NP a tax credit )NP (PP of (NP (QP $ 7 million )QP )NP )PP )NP )PP )NP )VP )S , (NP the sellers )NP (VP said )VP . )S  STOP
(S `` (S (NP (NP The credit )NP (PP for (NP income taxes )NP )PP )NP (VP is (NP (NP a result )NP (PP of (S (VP having (VP provided (NP (NP *UNKED income taxes )NP (ADJP *UNK (PP to (NP the sold assets )NP )PP )ADJP )NP (PP at (NP (NP the higher income tax rates )NP (PP in (NP effect )NP )PP (PP in (NP prior years )NP )PP )NP )PP )VP )VP )S )PP )NP )VP )S , '' (NP the sellers )NP (VP said )VP . )S  STOP
(S (NP *UNKC Data *UNKING Inc. )NP (VP plans (S (VP to (VP redeem (PP on (NP Nov. 16 )NP )PP (NP (NP its (QP $ 150 million )QP )NP (PP of (NP (NP (ADJP 6.5 % )ADJP convertible subordinated debentures )NP (ADJP due (NP March 1 , *UNKN )NP )ADJP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP The *UNK- concern )NP (VP will (VP pay (NP $ *UNKN )NP (PP for (NP (NP each (ADJP $ 1,000 )ADJP face amount )NP (PP of (NP debt )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The conversion price )NP (PP for (NP the debentures )NP )PP )NP (VP is (NP (NP $ *UNKN )NP (NP a share )NP )NP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP (NP Friday )NP , (NP *UNKC Data )NP (VP closed (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP , (ADVP down (NP $ 2.25 )NP )ADVP )VP . )S  STOP
(S (S (SBAR If (S (NP all the debt )NP (VP is (VP converted (PP to (NP common )NP )PP )VP )VP )S )SBAR , (NP *UNKC Data )NP (VP will (VP issue (NP (QP about 3.6 million )QP shares )NP )VP )VP )S ; (S (NP last Monday )NP , (NP the company )NP (VP had (NP (NP (QP nearly 73 million )QP shares )NP (ADJP outstanding )ADJP )NP )VP )S . )S  STOP
(S (S (NP *UNKC Data )NP (VP is (VP *UNKING (NP the bonds )NP (SBAR because (S (NP (NP the after-tax cost )NP (PP of (NP (NP the interest )NP (PP on (NP the bonds )NP )PP )NP )PP )NP (VP is (ADJP (ADJP higher )ADJP (PP than (NP (NP the dividend yield )NP (PP on (NP the common )NP )PP )NP )PP )ADJP )VP )S )SBAR )VP )VP )S , (NP a spokesman )NP (VP said )VP . )S  STOP
(S (NP Dow Jones & Co. )NP (VP extended (NP (NP its tender offer )NP (PP of (NP (NP (NP $ 18 )NP (NP a share )NP )NP , or (NP (QP about $ *UNKN million )QP )NP )NP )PP , (PP for (NP (NP the 33 % )NP (PP of (NP Telerate Inc. )NP )PP (SBAR (WHNP that )WHNP (S (NP it )NP (VP does n't (ADVP already )ADVP (VP own )VP )VP )S )SBAR )NP )PP )NP (PP until (NP (NP 5 p.m. EST )NP , (NP Nov. 6 )NP )NP )PP )VP . )S  STOP
(S (NP (NP The offer )NP , (SBAR (WHNP which )WHNP (S (NP (NP Telerate 's )NP two independent directors )NP (VP have (VP rejected (PP as (ADJP *UNK )ADJP )PP )VP )VP )S )SBAR , )NP (ADVP previously )ADVP (VP had (VP been (VP scheduled (S (VP to (VP expire (PP at (NP midnight )NP )PP (NP Friday )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP Dow Jones )NP (VP said (SBAR (S (NP it )NP (VP extended (NP the offer )NP (S (VP to (VP allow (NP shareholders )NP (NP (NP time )NP (SBAR (S (VP to (VP review (NP (NP a *UNK )NP (PP to (NP (NP the Dow Jones tender offer *UNK )NP (SBAR (WHNP that )WHNP (S (NP it )NP (VP *UNKED (NP last Friday )NP )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP The *UNK )NP (VP contains (NP (NP various information )NP (SBAR (WHNP that )WHNP (S (VP has (VP been (VP filed (PP with (NP the Securities and Exchange Commission )NP )PP (SBAR since (S (NP Dow Jones )NP (VP launched (NP the offer )NP (PP on (NP Sept. 26 )NP )PP )VP )S )SBAR )VP )VP )VP )S )SBAR )NP )VP )S , but (S (NP it )NP (VP does n't (VP change (NP (NP the terms and conditions )NP (PP of (NP the offer )NP )PP )NP (SBAR except (S (VP to (VP extend (NP its expiration date )NP )VP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (PP In (NP Delaware *UNKC Court litigation )NP )PP , (NP Telerate )NP (VP has (VP criticized (NP Dow Jones )NP (PP for (S (VP not *UNKING (SBAR that (S (NP (NP Telerate 's )NP management )NP (VP expects (S (NP (NP the company 's )NP revenue )NP (VP to (VP increase (PP by (NP 20 % )NP )PP (ADVP annually )ADVP )VP )VP )S , (SBAR while (S (NP Dow Jones )NP (VP based (NP (NP its projections )NP (PP of (NP (NP Telerate 's )NP performance )NP )PP )NP (PP on (NP a (ADJP 12 % )ADJP revenue growth forecast )NP )PP )VP )S )SBAR )VP )S )SBAR )VP )S )PP )VP )VP . )S  STOP
(S (PP In (NP the tender offer *UNK )NP )PP , (NP Dow Jones )NP (VP (VP *UNK (NP the different growth forecasts )NP )VP but (VP says (SBAR (S (NP it )NP (VP views (NP the (ADJP 20 % )ADJP growth rate )NP (PP `` (PP as (NP (NP a *UNK- goal )NP '' (PP of (NP (NP Telerate 's )NP management )NP )PP `` )NP )PP and not (PP as (NP (NP a *UNK basis )NP (SBAR (WHPP on (WHNP which )WHNP )WHPP (S (VP to (VP project (NP (NP the company 's )NP likely future performance )NP )VP )VP )S )SBAR )NP )PP )PP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP Telerate shares )NP (VP fell (NP 50 cents )NP (PP on (NP Friday )NP )PP (S (VP to (VP close (PP at (NP (NP $ 20 )NP (NP each )NP )NP )PP (PP in (NP New York Stock Exchange composite trading )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Dow Jones shares )NP (ADVP also )ADVP (VP fell (NP 50 cents )NP (S (VP to (VP close (PP at (NP $ *UNKN )NP )PP (PP in (NP Big Board composite trading )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Dow Jones )NP (VP has (VP said (SBAR (S (NP it )NP (VP believes (SBAR (S (NP the (ADJP $ *UNK- )ADJP price )NP (VP is (ADJP fair (PP to (NP (NP Telerate 's )NP minority shareholders )NP )PP )ADJP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP Late last week )NP , (NP (NP representatives )NP (PP of (NP (NP Dow Jones )NP and (NP Telerate )NP )NP )PP )NP (VP began (NP (NP negotiations )NP (PP about (NP (NP the terms )NP (PP of (NP the offer )NP )PP )NP )PP )NP )VP )S , but (S (NP those talks )NP (VP did n't (VP result (PP in (NP (NP any changes )NP (PP in (NP the offer )NP )PP )NP )PP )VP )VP )S . )S  STOP
(S (NP Telerate )NP (VP provides (NP (NP information )NP (PP about (NP financial markets )NP )PP )NP (PP through (NP an electronic network )NP )PP )VP . )S  STOP
(S (NP (NP Dow Jones )NP , (SBAR (WHNP which )WHNP (S (VP owns (NP (NP 67 % )NP (PP of (NP Telerate )NP )PP )NP )VP )S )SBAR )NP , (VP (VP publishes (NP (NP The Wall Street Journal )NP , (NP (NP *UNKC 's )NP magazine )NP , (NP community newspapers )NP )NP )VP and (VP operates (NP (NP financial news services )NP and (NP computer data bases )NP )NP )VP )VP . )S  STOP
(S (NP *UNKC *UNKING Corp. )NP (VP won (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP Army contract )NP (PP for (NP *UNK *UNK *UNK *UNK )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC Industries Inc. )NP (VP received (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP Navy contract )NP (PP for (NP ship spare parts )NP )PP )NP )VP . )S  STOP
(S (NP Air & Water Technologies Corp. )NP (VP completed (NP (NP the acquisition )NP (PP of (NP (NP *UNKC Associates Inc. )NP , (NP a (NAC *UNKC , Pa. , )NAC *UNK- concern )NP , )NP )PP (PP for (NP (NP (QP $ 25 million )QP )NP (PP of (NP stock )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Air & Water )NP , (SBAR (WHNP which )WHNP (S (VP provides (NP environmental services and systems )NP )VP )S )SBAR , )NP (VP paid (NP (NP (QP about 1.4 million )QP )NP (PP of (NP its shares )NP )PP )NP (PP for (NP *UNKC )NP )PP )VP . )S  STOP
(S (PP In (NP American Stock Exchange composite trading )NP )PP (NP Friday )NP , (NP Air & Water )NP (VP closed (ADJP unchanged )ADJP (PP at (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (PP At (NP July 31 )NP )PP , (NP Air & Water )NP (VP had (NP (NP (QP nearly 10 million )QP shares )NP (ADJP outstanding )ADJP )NP )VP . )S  STOP
(SINV (S (NP The Canadian *UNK *UNK )NP (VP totaled (NP (NP *UNKN )NP )NP (PP at (NP Oct. 1 )NP )PP , (ADVP down (NP 3 % )NP (PP from (NP a year earlier )NP )PP )ADVP )VP )S , (VP said )VP (NP (NP Statistics Canada )NP , (NP a federal agency )NP )NP . )SINV  STOP
(S (NP (NP (NP *UNKC )NP (PP for (NP *UNKING )NP )PP )NP and (NP *UNKED *UNK )NP )NP (VP totaled (NP (NP *UNKN )NP , (ADVP down (NP 2 % )NP (PP from (NP a year ago )NP )PP )ADVP )NP )VP . )S  STOP
(S (PRN -LRB- (NP (NP *UNKC )NP , (NP Fla. )NP )NP -RRB- )PRN -- (NP (NP Charles Bates )NP , (NP (NP president )NP , (NP chief executive )NP and (NP chief operating officer )NP )NP )NP (VP will (VP *UNK (PP from (NP (NP these positions )NP and (NP the board )NP )NP )PP (ADJP effective (NP Oct. 31 )NP )ADJP )VP )VP . )S  STOP
(S (NP (NP Norman J. *UNKC )NP , (NP chairman )NP , )NP (VP will (VP succeed (NP him )NP (PP as (NP chief executive )NP )PP )VP )VP . )S  STOP
(S (NP (NP Roger L. *UNKC )NP , (NP executive vice president )NP , )NP (VP was (VP appointed (PP as (NP the new (NX (NX president )NX and (NX chief operating officer )NX )NX )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC P. *UNKC )NP (VP will (VP (VP become (NP executive vice president )NP )VP , and (VP retain (NP (NP his positions )NP (PP as (NP (NP chief financial officer )NP and (NP treasurer )NP )NP )PP )NP )VP )VP )VP . )S  STOP
(S (S (ADJP *UNKC (PP over (NP (NP the use )NP (PP of (SBAR (WHNP what )WHNP (S (NP it )NP (VP says (SBAR (S (VP are (NP its exclusive *UNK )NP )VP )S )SBAR )VP )S )SBAR )PP )NP )PP )ADJP )S , (NP *UNKC *UNKC *UNKC Corp. )NP (VP is (VP fighting (ADVP back )ADVP -- (PP in (NP court )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP *UNKC New *UNKC Corp. )NP , (NP (NP *UNK )NP (PP of (NP (NP a 1988 movie )NP (VP called (S (NP *UNKC *UNKC )NP )S )VP )NP )PP )NP , )NP (VP used (NP (NP the *UNK 's )NP name and *UNK )NP (PP without (NP authorization )NP )PP )VP )S , (NP the *UNK- corporation )NP (VP says (PP in (NP (NP a complaint )NP (VP filed (PP in (NP federal court )NP )PP )VP )NP )PP )VP . )S  STOP
(S (NP *UNKC Angels )NP (VP *UNK (NP (NP a group )NP (PP of (NP (NP the cycle *UNK 's )NP members )NP )PP (PP on (NP (NP a *UNK mission )NP (PP to (NP *UNKC *UNKC )NP )PP (PP during (NP the war years )NP )PP )NP )PP )NP )VP . )S  STOP
(S (S (PP In (NP (NP addition )NP (PP to (S (VP being (VP broadcast (PP on (NP cable television )NP )PP )VP )VP )S )PP )NP )PP , (NP the movie )NP (ADVP also )ADVP (VP is (VP being (VP distributed (PP on (NP *UNK )NP )PP )VP )VP )VP )S , (NP the suit )NP (VP alleges (PP in (S (VP seeking (NP unspecified damages )NP )VP )S )PP )VP . )S  STOP
(SINV Also (VP named (PP in (NP the suit )NP )PP )VP (VP is )VP (NP (NP (NP *UNKC Home Entertainment Inc. )NP (PP of (NP (NP *UNKC City )NP , (NP Calif. )NP )NP )PP )NP , (NP (NP its parent )NP , (NP *UNKC Communications Inc. )NP )NP , and (NP (NP *UNKC Television )NP (PP of (NP Los Angeles )NP )PP , (NP (NP holders )NP (PP of (NP (NP the *UNK )NP (PP on (NP the movie )NP )PP )NP )PP )NP )NP )NP . )SINV  STOP
(S (NP A *UNKC spokeswoman )NP (VP (VP called (S (NP the suit )NP `` (ADJP *UNKED )ADJP '' )S )VP but (VP declined (S (VP to (VP comment (ADVP further )ADVP )VP )VP )S )VP )VP . )S  STOP
(S (PP Besides (S (VP being (ADJP upset (PP with (NP (NP (NP the film 's )NP use )NP (PP of (NP the *UNKC Angels name and *UNK )NP )PP )NP )PP )ADJP )VP )S )PP , (NP the Angels )NP (VP are (ADJP angry (PP with (NP (NP their *UNK )NP (PP in (NP the movie )NP )PP )NP )PP )ADJP )VP . )S  STOP
(SINV `` (S (NP There )NP (VP is (NP (NP absolutely no way )NP (SBAR (S (NP our board or membership )NP (VP would (VP have (VP approved (NP (NP the *UNK )NP (PP of (NP the *UNKC Angels )NP )PP (PP in (NP this movie )NP )PP )NP )VP )VP )VP )S )SBAR )NP )VP )S , '' (VP said )VP (NP (NP George Christie )NP , (NP (NP president )NP (PP of (NP (NP the club 's )NP *UNKC *UNK )NP )PP )NP )NP . )SINV  STOP
(S `` (NP (NP *UNKC )NP (PP of (NP our members )NP )PP (PP as (ADJP *UNK (PP to (NP each other )NP )PP )ADJP )PP )NP (VP is (ADJP totally *UNK (PP to (NP (NP (NP the most important values )NP (PP of (NP our organization )NP )PP )NP -- (NP loyalty and trust )NP )NP )PP )ADJP )VP . '' )S  STOP
(S (NP *UNKC Angels )NP (VP (VP shows (S (NP Angels )NP (VP fighting (PP with (NP each other )NP )PP )VP )S )VP and (VP (ADVP also )ADVP *UNK (NP them )NP (PP as (S (VP showing (NP no *UNK )NP (SBAR (WHADVP when )WHADVP (S (NP a member )NP (VP is (VP killed )VP )VP )S )SBAR )VP )S )PP )VP )VP . )S  STOP
(S (S (NP (NP Both )NP (PP of (NP these actions )NP )PP )NP (VP are n't (ADJP *UNK (PP of (NP real *UNKC Angels )NP )PP )ADJP )VP )S , (NP Mr. Christie )NP (VP said )VP . )S  STOP
(S (NP *UNKC Angels )NP (VP was (VP (VP formed (PP in (NP *UNKN )NP )PP )VP and (VP *UNKED (PP in (NP *UNKN )NP )PP )VP )VP )VP . )S  STOP
(S (PP In (NP (NP addition )NP (PP to (NP (NP 26 *UNK )NP (PP in (NP the U.S. )NP )PP )NP )PP )NP )PP , (NP there )NP (VP are (NP (NP 40 *UNK )NP (PP in (NP foreign countries )NP )PP )NP )VP . )S  STOP
(S (NP (NP Douglas H. Miller )NP , (ADJP *UNKED (PP in (NP the oil and gas securities business )NP )PP )ADJP , )NP (VP was (VP named (S (NP (NP chairman )NP (PP of (NP this oil and gas exploration company )NP )PP )NP )S , (S (VP filling (NP a *UNK )NP )VP )S )VP )VP . )S  STOP
(S (NP (NP Mr. Miller )NP , (SBAR (WHNP who )WHNP (S (VP has (VP been (NP a *UNKC director )NP )VP )VP )S )SBAR , )NP (ADVP also )ADVP (VP was (VP named (S (NP chief executive officer )NP )S , (S (VP succeeding (NP (NP Ted *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP remains (NP (NP president )NP and (NP chief operating officer )NP )NP )VP )S )SBAR )NP )VP )S )VP )VP . )S  STOP
(S (NP (NP Lawrence M. *UNKC Jr. )NP , (NP president )NP , )NP (VP was (VP elected (PP to (NP (NP the additional posts )NP (PP of (NP (NP (NP chairman )NP )NP and (NP (NP chief executive officer )NP )NP (PP of (NP this utility holding company )NP )PP )NP )PP )NP )PP , (ADJP effective (NP (NP Feb. 1 )NP , (NP 1990 )NP )NP )ADJP )VP )VP . )S  STOP
(S (NP (NP The *UNK- Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP was (ADVP also )ADVP (VP elected (S (NP (NP (NP chairman )NP )NP and (NP (NP chief executive )NP )NP (PP of (NP all *UNKC subsidiaries )NP )PP )NP )S )VP )VP )S )SBAR , )NP (VP succeeds (NP John A. Warren )NP )VP . )S  STOP
(S (NP Mr. Warren )NP (VP will (VP remain (PP on (NP (NP the company 's )NP board )NP )PP )VP )VP . )S  STOP
(S (NP The American Stock Exchange )NP (VP said (SBAR (S (NP a seat )NP (VP was (VP sold (PP for (NP (NP $ *UNKN )NP , (ADVP unchanged (PP from (NP (NP the previous sale )NP (NP Oct. 13 )NP )NP )PP )ADVP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP on (NP the Amex )NP )PP )NP (ADVP currently )ADVP (VP are (VP quoted (PP at (NP (NP (NP $ *UNKN )NP (VP bid )VP )NP and (NP (NP $ 200,000 )NP (VP asked )VP )NP )NP )PP )VP )VP . )S  STOP
(S (NP The world )NP (VP had (NP a big *UNK )NP (ADVP recently )ADVP (SBAR (WHADVP when )WHADVP (S (NP the Soviets )NP (VP reported (NP (NP a *UNK )NP (PP of (NP (NP *UNKC *UNK )NP (PRN , (S (NP (NP one )NP (PP of (NP them )NP )PP )NP (VP bringing (NP (NP *UNK *UNK )NP (SBAR (WHNP who )WHNP (S (VP *UNKED (PP in (NP the dark )NP )PP )VP )S )SBAR )NP (PP to (NP *UNKC )NP )PP )VP )S )PRN )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP It )NP )NP (VP is (NP (NP the opinion )NP (PP of (NP (NP *UNKC *UNKC )NP , (NP (NP author )NP (PP of (NP `` (S (ADJP *UNKC *UNKC *UNKC )ADJP : (NP The World *UNKC *UNKC )NP )S '' (PRN -LRB- (NP *UNKC *UNKC )NP , (NP *UNKN pages )NP , (NP $ *UNKN )NP -RRB- )PRN )NP )PP )NP , )NP )PP )NP (SBAR that (S (NP the world )NP (VP *UNK (ADVP too fast )ADVP )VP )S )SBAR )VP . )S  STOP
(SINV (ADVP Here )ADVP (VP is )VP (NP (NP a *UNK )NP (PP for (NP *UNKC *UNK )NP )PP , (ADJP complete (PP with (NP (NP pictures )NP (PP of (NP (NP people )NP (SBAR (WHNP who )WHNP (S (VP say (SBAR (S (NP they )NP (VP 've (VP had (NP (NP personal relationships )NP (PP with (NP *UNK )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )PP )ADJP )NP . )SINV  STOP
(S (NP One *UNK )NP (VP shows (NP (NP a woman )NP (VP *UNKING (NP (NP a *UNK )NP (SBAR (S (NP she )NP (VP says (SBAR (S (VP was (VP made (PP by (NP (NP a *UNK *UNK )NP (PRN -LRB- (NP (NP a *UNK- *UNK )NP , (PP from (NP (NP the looks )NP (PP of (NP the *UNK )NP )PP )NP )PP )NP -RRB- )PRN )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )NP )VP )NP )VP . )S  STOP
(S (ADVP So far )ADVP (ADVP anyway )ADVP , (NP our *UNK visitors )NP (VP seem (ADJP (ADJP more intent (PP on (S (VP *UNKING (NP our *UNK )NP )VP )S )PP )ADJP (PP than (S (VP *UNKING (NP us )NP )VP )S )PP )ADJP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP *UNK (NP much serious space )NP (PP to (NP (NP the events )NP (PP of (NP (NP (NP Feb. 25 )NP , (NP *UNKN )NP )NP , (SBAR (WHADVP when )WHADVP (S (NP American *UNK )NP (VP *UNKED (NP (NP strange *UNK )NP (PP in (NP (NP the *UNK )NP (PP above (NP Los Angeles )NP )PP )NP )PP )NP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP *UNKC *UNK )NP (VP *UNKED (NP the *UNK )NP (PP at (NP *UNKN a.m. )NP )PP , (S (VP *UNKING (NP *UNKN air *UNK )NP (PP to (NP duty )NP )PP )VP )S )VP . )S  STOP
(S (ADVP Soon )ADVP (NP all *UNK )NP (VP broke (ADVP loose )ADVP )VP . )S  STOP
(S (NP (NP *UNKC *UNK )NP , (VP targeting (NP (NP an odd *UNK )NP (PP of (NP (NP aircraft )NP (VP *UNKING (PP at (NP (ADJP highly unusual )ADJP *UNK )NP )PP )VP )NP )PP )NP )VP , )NP (VP opened (PRT up )PRT (NP a *UNK *UNK )NP )VP . )S  STOP
(S (NP The *UNK )NP (VP filled (PP with (NP (NP *UNK- *UNK )NP , (SBAR (WHNP (NP several )NP (WHPP of (WHNP which )WHNP )WHPP )WHNP (S (VP fell (ADVP back )ADVP (PP to (NP Earth )NP )PP , (S (VP *UNKING (NP homes and buildings )NP )VP )S )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP the smoke )NP (VP cleared )VP )S )SBAR , (S (NP six people )NP (VP were (ADJP dead )ADJP (PRN -LRB- (FRAG (NP three )NP (PP from (NP heart attacks )NP )PP )FRAG -RRB- )PRN )VP )S , and (S (NP everyone )NP (VP *UNKED (SBAR (WHNP (WHNP what )WHNP (PP in (NP the world )NP )PP )WHNP (S (NP they )NP (VP were (VP *UNKING (PP at )PP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP documents (NP these things )NP (ADVP (ADVP as best )ADVP (S (NP he )NP (VP can )VP )S )ADVP )VP )S )SBAR , )NP (VP provides (NP (NP an official explanation )NP (PP in (NP (NP the form )NP (PP of (NP (NP (NP a *UNK )NP (PP from (NP (NAC Chief (PP of (NP *UNKC )NP )PP )NAC George C. Marshall )NP )PP (PP to (NP President *UNKC )NP )PP )NP : (S `` (NP (NP *UNKN pounds )NP (PP of (NP *UNK )NP )PP )NP (PRN , '' (S (NP he )NP (VP wrote (NP (NP his *UNK )NP (PP in (NP chief )NP )PP )NP )VP )S , )PRN (VP were (VP *UNKED (PP on (NP `` (NP *UNKED aircraft )NP , '' (VP flying (PP at (NP (NP (NP *UNK )NP (ADJP (ADJP as slow )ADJP (PP as (NP 200 *UNK )NP )PP )ADJP )NP and (NP (NP *UNK )NP (PP between (NP (QP *UNKN and *UNKN )QP feet )NP )PP )NP )NP )PP )VP )NP )PP )VP )VP )S )NP )PP )NP )PP )NP )VP . )S  STOP
(S (S (INTJ Well )INTJ , (NP (NP thousands )NP (PP of (NP (NP *UNKC )NP (PP on (NP the scene )NP )PP )NP )PP )NP (VP insisted (SBAR (S (NP the *UNK )NP (VP had (VP been (VP (ADVP *UNKLY )ADVP aimed (PP at (NP a large , *UNK *UNKC )NP )PP )VP )VP )VP )S )SBAR )VP )S , but (S (NP you )NP (VP will (ADVP just )ADVP (VP have (S (VP to (VP make (NP (NP your own decision )NP (PP about (NP such *UNK )NP )PP )NP )VP )VP )S )VP )VP )S . )S  STOP
(S (S (S (NP One thing )NP (VP 's (PP for (ADJP sure )ADJP )PP )VP )S : (S (NP There )NP (VP have (VP been (NP (NP a ton )NP (PP of (NP them )NP )PP )NP )VP )VP )S )S , and (S (NP (NP greater *UNK )NP (PP than (NP (NP the *UNK )NP (PP of (NP the National *UNKC )NP )PP )NP )PP )NP (VP have (VP shown (NP interest )NP )VP )VP )S . )S  STOP
(S (NP (NP Gerald Ford )NP , (NP a (ADJP fairly *UNK- )ADJP fellow )NP )NP , (ADVP once )ADVP (VP sent (NP (NP a letter )NP )NP (PP to (NP (NP the chairman )NP (PP of (NP the *UNKED Services Committee )NP )PP )NP )PP (S (VP *UNKING (SBAR that `` (S (NP there )NP (VP be (NP (NP a committee investigation )NP (PP of (NP the *UNKC phenomenon )NP )PP )NP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP I )NP (VP think (SBAR (S (NP we )NP (VP *UNK (NP (NP it )NP )NP (PP to (NP the American people )NP )PP (S (VP (VP to (VP establish (NP (NP credibility )NP (PP regarding (NP *UNKC )NP )PP )NP )VP )VP and (VP to (VP produce (NP (NP the (ADJP greatest possible )ADJP *UNK )NP (PP on (NP the subject )NP )PP )NP )VP )VP )VP )S )VP )S )SBAR )VP . '' )S  STOP
(S (NP *UNKC Carter )NP (VP went (ADVP further )ADVP (PP in (NP (NP a 1976 campaign promise )NP : `` (S (SBAR If (S (NP I )NP (VP become (NP president )NP )VP )S )SBAR , (NP I )NP (VP 'll (VP make (S (NP (NP every piece )NP (PP of (NP (NP information )NP )NP )PP (SBAR (S (NP this country )NP (VP has )VP )S )SBAR (PP about (NP *UNKC *UNK )NP )PP )NP (ADJP available (PP to (NP (NP the public )NP , and (NP the scientists )NP )NP )PP )ADJP )S )VP )VP )S )NP )PP )VP . )S  STOP
(S (NP I )NP (VP am (VP convinced (SBAR that (S (NP *UNKC )NP (VP exist )VP )S )SBAR (SBAR because (S (NP I )NP (VP have (VP seen (NP one )NP )VP )VP )S )SBAR )VP )VP ... . '' )S  STOP
(S But (NP you )NP (VP know (PP about (NP campaign promises )NP )PP )VP . )S  STOP
(S (NP It )NP (ADVP still )ADVP (VP does n't (VP look (PP like (S (NP governments )NP (VP are (VP *UNKING (PRT up )PRT (NP (NP everything )NP (SBAR (S (NP they )NP (VP know )VP )S )SBAR )NP )VP )VP )S )PP )VP )VP . )S  STOP
(S (S (INTJ Still )INTJ , (PP despite (NP their efforts (S (VP to (VP *UNK (NP the world )NP (SBAR that (S (NP we )NP (VP are (ADVP indeed )ADVP (ADJP alone )ADJP )VP )S )SBAR )VP )VP )S )NP )PP , (NP the visitors )NP (VP do (VP seem (S (VP to (VP keep (S (VP coming )VP )S )VP )VP )S )VP )VP )S and , (S (PP like (NP the recent *UNK )NP )PP , (NP there )NP (VP 's (ADVP often )ADVP (NP (NP a detail (QP or two )QP )NP (SBAR (WHNP that )WHNP (S (VP suggests (SBAR (S (NP they )NP (VP may (ADVP actually )ADVP (VP be (PP (NP a little )NP on (NP the *UNK side )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )NP )VP )S . )S  STOP
(S (PP For (NP instance )NP )PP , (NP (NP witnesses )NP (PP in (NP *UNKC )NP )PP )NP (VP say (SBAR (S (NP (NP the *UNKED *UNK )NP and (NP their *UNK friend )NP )NP , (PP after (S (VP *UNKING (PP around (NP the city park )NP )PP )VP )S )PP , (VP left (PRT behind )PRT (NP some *UNK )NP )VP )S )SBAR )VP . )S  STOP
(SBARQ (INTJ Now )INTJ (WHADVP why )WHADVP (PRN , (S (NP you )NP (VP have (S (VP to (VP ask (NP *UNK )NP )VP )VP )S )VP )S , )PRN (SQ would (NP *UNK *UNK )NP (VP *UNK (NP (NP a *UNK )NP (PP of (NP *UNK )NP )PP )NP (PP around (NP the *UNK )NP )PP )VP )SQ ? )SBARQ  STOP
(S Or (VP land (PP in (NP *UNKC )NP )PP (ADVP so often )ADVP )VP . )S  STOP
(S (PP In (NP a *UNKN incident )NP )PP , (NP a Soviet mail plane )NP (VP *UNKED (PP off (NP the *UNK screen )NP )PP (PP (ADVP just )ADVP after (S (VP *UNKING (NP its position )NP (PP to (NP (NP ground control )NP (PP in (NP *UNKC )NP )PP )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP A search party )NP (ADVP soon )ADVP (VP found (NP the *UNKED aircraft )NP (PP in (NP (NP a forest clearing )NP (ADJP much too small (S (VP to (VP have (VP allowed (NP a conventional landing )NP )VP )VP )VP )S )ADJP )NP )PP )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (VP 's (ADJP more )ADJP )VP )S )SBAR , (NP (NP the seven mail personnel )NP (ADVP *UNK )ADVP )NP (VP were (VP missing )VP )VP . )S  STOP
(S (ADVP *UNKC )ADVP , (NP you )NP (VP have (S (VP to (VP ask (NP (NP the obvious question )NP : (SBARQ (WHADVP Why )WHADVP (S would (NP *UNK *UNK )NP (VP *UNK (NP seven Soviet *UNK )NP )VP )S )SBARQ )NP )VP )VP )S )VP ? )S  STOP
(S (NP (NP *UNKC )NP (PP as (PP to (NP (NP the nature )NP (PP of (NP *UNK )NP )PP )NP )PP )PP )NP (VP will (ADVP no doubt )ADVP (VP continue (SBAR until (S (NP we )NP (VP wake (PRT up )PRT (NP one morning )NP (S (VP to (VP find (SBAR (S (NP they )NP (VP 've (VP taken (PP over `` (NP The Today *UNKC )NP , '' )PP (NP (NP the way )NP (SBAR (S (NP they )NP (VP *UNK (NP an entire town )NP (PP in (NP (NP (NP Jack *UNKC 's )NP `` (NX (NX *UNKC )NX (PP of (NP the *UNKC *UNKC )NP )PP )NX '' )NP (PRN -LRB- (NP *UNKC & *UNKC )NP , (NP *UNKN pages )NP , (NP $ *UNKN )NP -RRB- )PRN )NP )PP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP Maybe )ADVP (NP (NP some )NP (PP of (NP our *UNK- *UNK and *UNK )NP )PP )NP (VP have (ADVP already )ADVP (VP been (VP taken (PP over )PP )VP )VP )VP ? )S  STOP
(S (NP (NP The point )NP (PP of (NP (NP this *UNKN novel )NP , (SBAR (WHNP which )WHNP (S (VP *UNKED (NP two movies )NP )VP )S )SBAR , )NP )PP )NP (VP is (SBAR that (S (NP (NP the *UNK *UNK people )NP (VP *UNKED (PP by (NP *UNK plants )NP )PP )VP )NP (VP are (ADJP virtually *UNK (PP from (NP human *UNK )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Another guy )NP (SBAR (WHNP who )WHNP (S (VP thinks (SBAR (S (NP they )NP (VP 're (UCP (ADVP out there )ADVP and (VP closing (ADVP fast )ADVP )VP )UCP )VP )S )SBAR )VP )S )SBAR )NP (VP is (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP (WHNP whose new novel )WHNP , (NP `` (NP *UNKC )NP '' (PRN -LRB- (NP *UNKC )NP , (NP *UNKN pages )NP , (NP $ *UNKN )NP -RRB- )PRN )NP )WHNP , (S (VP takes (NP (NP a look )NP (PP at (NP (NP a reported *UNKN UFO crash )NP (PP near (NP (NP the *UNKC Army Air Field )NP (PP in (NP a New Mexico desert )NP )PP )NP )PP )NP )PP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP knows (NP (NP a lot )NP (PP about (NP *UNK )NP )PP )NP )VP . )S  STOP
(S (NP He )NP (ADVP even )ADVP (VP had (NP sex )NP (PP with (NP one )NP )PP (PRN -- (ADVP (ADVP sort of )ADVP , and not (ADVP *UNKLY )ADVP )ADVP -- )PRN (SBAR as (S (NP readers )NP (VP learned (PP in (NP (NP his `` (NX *UNKC )NX '' )NP (PRN -LRB- (NP (NP a book )NP (VP (ADVP recently )ADVP described (PP in (NP the New York Times )NP )PP (PP as (NP a `` *UNK best seller '' )NP )PP )VP )NP -RRB- )PRN )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The way )NP (SBAR (S (NP Mr. *UNKC )NP (VP tells (NP it )NP (PP in (NP his *UNK *UNK )NP )PP )VP )S )SBAR )NP , (NP (NP the intelligence officer )NP (SBAR (WHNP who )WHNP (S (VP found (NP (NP the *UNK 's )NP strange *UNK )NP )VP )S )SBAR )NP (VP was (VP forced (PP by (NP the government )NP )PP (S (VP to (VP call (S (NP the *UNKED *UNK )NP (NP (NP parts )NP (PP of (NP a weather balloon )NP )PP )NP )S )VP )VP )S )VP )VP . )S  STOP
(S (S (NP The apparent crash )NP (VP became (ADJP top secret )ADJP )VP , )S and (S (NP the *UNK *UNK )NP (VP went (ADVP away )ADVP (S (ADJP upset (PP with (NP (NP the *UNK ways )NP (PP of (NP human *UNK )NP )PP )NP )PP )ADJP )S )VP )S . )S  STOP
(S (NP We )NP (VP lost (NP our chance (S (VP to (VP *UNK (PP with (NP (NP *UNKED visitors )NP `` (ADJP (NP (QP about four )QP feet )NP *UNK )ADJP (SBAR -LCB- (WHNP who )WHNP -RCB- (S (VP looked (SBAR as though (S (NP they )NP (VP were (VP made (PP of (NP *UNK- *UNK )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )VP )S )NP )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP is (NP (NP an editorial writer )NP (PP for (NP the *UNKC Mountain News )NP )PP )NP )VP . )S  STOP
(S (S (NP *UNKC Inc. )NP (VP will (VP become (NP Society Bank & Trust )NP (SBAR (WHADVP when )WHADVP (S (NP (NP its merger )NP )NP (VP is (VP completed (PP with (NP (NP Society Corp. )NP (PP of (NP Cleveland )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP )S , (NP the bank )NP (VP said )VP . )S  STOP
(S (NP (NP Society Corp. )NP , (SBAR (WHNP which )WHNP (S (VP is (ADVP also )ADVP (NP a bank )NP )VP )S )SBAR , )NP (VP agreed (PP in (NP June )NP )PP (S (VP to (VP buy (NP *UNKC )NP (PP for (NP (NP (QP *UNKN million )QP shares )NP (PP of (NP stock )NP )PP (PP with (NP (NP a market value )NP (PP of (NP (QP about $ 450 million )QP )NP )PP )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The transaction )NP (VP is (VP expected (S (VP to (VP close (PP around (NP year end )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP the economy )NP (VP *UNKED (PP in (NP the *UNK- )NP )PP )VP )S )SBAR , (NP Akzo *UNK )NP (VP fell (PP out (PP of (NP *UNKED )NP )PP )PP )VP . )S  STOP
(S (NP (NP *UNKING *UNK )NP (PP in (NP (NP the *UNK *UNK business )NP , (SBAR (WHNP which )WHNP (S (VP accounted (PP for (NP (NP half )NP (PP of (NP (NP the Dutch chemical company 's )NP sales )NP )PP )NP )PP )VP )S )SBAR )NP )PP , )NP (VP (VP led (PP to (NP huge losses )NP )PP )VP and (VP left (NP (NP Akzo 's )NP survival )NP (PP in (NP doubt )NP )PP )VP )VP . )S  STOP
(S (NP It )NP (VP was n't (PP until (NP the early 1980s )NP )PP (SBAR (WHADVP that )WHADVP (S (NP Akzo )NP (VP *UNKED (NP itself )NP (ADVP back (PP to (NP health )NP )PP )ADVP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Now )ADVP , (SBAR as (S (NP (NP a new downturn )NP (PP in (NP the chemical industry )NP )PP )NP (VP *UNK )VP )S )SBAR , (NP Akzo )NP (VP says (SBAR (S (NP it )NP (VP is (PP in (NP (NP (ADJP far better )ADJP shape )NP (SBAR (S (VP to (VP cope )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Investment analysts )NP (ADVP generally )ADVP (VP agree )VP . )S  STOP
(S (ADVP Aside (PP from (S (VP (VP *UNKING (NP costs )NP )VP and (VP investing (ADVP heavily )ADVP (PP in (NP its plants )NP )PP )VP )VP )S )PP )ADVP , (NP Akzo )NP (VP has (VP spent (NP (NP (QP 3.9 billion )QP *UNK )NP (PRN -LRB- (NP (QP $ *UNKN billion )QP )NP -RRB- )PRN )NP (PP on (NP acquisitions )NP )PP (PP since (NP 1983 )NP )PP (S (VP to (VP give (NP it )NP (NP better balance )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP During (NP the same period )NP )PP , (NP the company )NP (VP has (VP sold (NP (NP (QP about 1.6 billion )QP *UNK )NP (PP of (NP assets )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP The *UNK business )NP , (SBAR (WHNP whose products )WHNP (S (VP go (PP into (NP (NP *UNK )NP , (NP *UNKING )NP and (NP *UNK industrial uses )NP )NP )PP )VP )S )SBAR , )NP (ADVP now )ADVP (VP accounts (PP for (NP (NP (QP only 20 )QP % )NP (PP of (NP (NP Akzo 's )NP sales )NP )PP )NP )PP )VP . )S  STOP
(S `` (S (NP We )NP (VP have (ADVP definitely )ADVP (VP become (ADJP less cyclical )ADJP )VP )VP )S , '' (NP (NP *UNKC *UNKC )NP , (NP executive vice *UNK- )NP , )NP (VP said (PP in (NP an interview )NP )PP )VP . )S  STOP
(S (INTJ Still )INTJ , (NP Akzo )NP (VP has n't (ADVP yet )ADVP (VP found (NP (NP a way )NP (SBAR (S (VP to (VP achieve (NP (NP another goal )NP : (NP (NP a large presence )NP (PP in (NP (NP the U.S. market )NP (PP for (NP *UNK drugs )NP )PP )NP )PP )NP )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP (NP prices )NP (PP for (NP U.S. pharmaceutical companies )NP )PP )NP (VP remain (ADJP too high )ADJP , (S (VP making (S (NP (NP it )NP )NP (ADJP unlikely )ADJP (SBAR that (S (NP Akzo )NP (VP will (VP pursue (NP any major acquisitions )NP (PP in (NP that area )NP )PP )VP )VP )S )SBAR )S )VP )S )VP )S )SBAR )VP . )S  STOP
(S But (NP he )NP (VP said (SBAR (S (NP Akzo )NP (VP is (VP considering (NP (NP `` *UNK '' )NP (PP with (NP American drug companies )NP )PP )NP )VP )VP )S )SBAR , (SBAR although (S (NP he )NP (VP would n't (VP elaborate )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP An indication )NP (PP of (NP (NP (NP Akzo 's )NP success )NP (PP in (S (VP *UNKING (NP itself )NP )VP )S )PP )NP )PP )NP (VP will (VP come (NP Thursday )NP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP reports (NP third-quarter results )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Analysts )NP (VP expect (S (NP the company )NP (VP to (VP show (NP (NP profit )NP (PP of (NP (NP (QP about 225 million )QP *UNK )NP , (ADVP up (NP 9 % )NP (PP from (NP (QP *UNKN million )QP *UNK )NP (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP A bigger test )NP (VP will (VP come (NP next year )NP (SBAR if , (S (SBAR as (S (NP many analysts )NP (VP expect )VP )S )SBAR , (NP bulk chemical prices )NP (VP slump (PP in (NP Europe )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(SINV `` (S (ADVP Maybe )ADVP (NP Akzo )NP (VP can (VP surprise (NP the investment world )NP (NP a bit )NP )VP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP an analyst )NP (PP at (NP *UNKC Bank *UNK )NP )PP )NP )NP . )SINV  STOP
(S (NP He )NP (VP figures (SBAR (S (NP Akzo )NP (VP is (ADJP likely (S (VP to (VP be (NP (NP one )NP (PP of (NP the few major chemical companies )NP )PP (SBAR (S (VP to (VP show (NP profit growth )NP (NP next year )NP )VP )VP )S )SBAR )NP )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP The bank )NP (VP projects (SBAR (S (NP Akzo )NP (VP will (VP show (NP (NP per-share earnings )NP (PP of (NP 24 guilders )NP )PP )NP (PP in (NP 1990 )NP )PP , (ADVP up (PP from (NP (NP (NP an estimated *UNKN guilders )NP (PP for (NP this year )NP )PP )NP and (NP (NP the *UNKN guilders )NP (VP reported (PP for (NP 1988 )NP )PP )VP )NP )NP )PP )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP At (NP (NP James Capel & Co. )NP (PP in (NP London )NP )PP )NP )PP , (NP analyst *UNKC *UNKC )NP (VP notes (SBAR that (S (NP Akzo )NP (VP is (ADJP (ADJP less exposed )ADJP (PP than (NP (NP many )NP (PP of (NP its rivals )NP )PP )NP )PP (PP to (NP the (ADJP most volatile )ADJP chemical products )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP example )NP )PP , (NP Akzo )NP (VP (VP has (ADVP only )ADVP (NP minor petrochemical operations )NP )VP , (VP is (ADJP small )ADJP (PP in (NP plastics )NP )PP )VP and (VP does n't (VP make (NP *UNK )NP )VP )VP )VP . )S  STOP
(S (ADVP Thus )ADVP , (SBAR while (S (NP Akzo )NP (VP *UNKED (ADVP (ADVP less )ADVP (PP than (NP many rivals )NP )PP )ADVP (PP from (NP (NP the boom )NP (PP of (NP recent years )NP )PP (PP in (NP *UNK and plastics )NP )PP )NP )PP )VP )S )SBAR , (NP it )NP (VP has (NP (NP less )NP (SBAR (S (VP to (VP fear (PP from (NP the current slump )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The company )NP (VP is (VP exposed (PP to (NP bulk chemicals )NP )PP , (ADVP however )ADVP )VP )VP . )S  STOP
(S (S (SBAR Although (S (NP *UNK- prices )NP (VP have (VP begun (S (VP falling )VP )S (PP in (NP the U.S. )NP )PP )VP )VP )S )SBAR , (NP they )NP (VP are (ADVP generally )ADVP (ADJP stable )ADJP (PP in (NP Europe )NP )PP )VP )S , (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (S (NP A decline )NP (VP may (VP come (PP in (NP (NP the first half )NP (PP of (NP 1990 )NP )PP )NP )PP )VP )VP )S (PRN , (S (NP he )NP (VP said )VP )S , )PRN but (S (NP the market )NP (VP does n't (VP appear (PP on (NP (NP the *UNK )NP (PP of (NP a severe downturn )NP )PP )NP )PP )VP )VP )S . )S  STOP
(S (S (VP To (VP reduce (NP (NP the danger )NP (PP of (NP such pricing cycles )NP )PP )NP )VP )VP )S , (NP Akzo )NP (VP has (VP invested (ADVP heavily )ADVP (PP in (NP (NP specialty chemicals )NP , (SBAR (WHNP which )WHNP (S (VP (VP have (NP (ADJP highly specific )ADJP industrial uses )NP )VP and (VP tend (S (VP to (VP produce (NP (NP (ADJP much higher )ADJP profit margins )NP (SBAR than (SINV (VP do )VP (NP bulk chemicals )NP )SINV )SBAR )NP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP (NP Akzo 's )NP biggest move )NP (PP in (NP this area )NP )PP )NP (VP was (NP (NP the 1987 acquisition )NP (PP of (NP (NP *UNKC Chemical Co. 's )NP specialty chemical business )NP )PP (PP for (NP (QP $ *UNKN million )QP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP a (ADJP less *UNK )ADJP field )NP )PP , (NP Akzo )NP (VP is (NP (NP (NP the world 's )NP biggest producer )NP (PP of (NP (NP industrial *UNK )NP , (VP used (PP (PP as (NP (NP a raw material )NP (PP for (NP the chemical industry )NP )PP )NP )PP (CONJP as well as )CONJP (PP for (NP (NP such tasks )NP (PP as (S (VP *UNKING (NP ice )NP )VP )S )PP )NP )PP )PP )VP )NP )PP )NP )VP . )S  STOP
(S (NP Akzo )NP (ADVP also )ADVP (VP makes (NP (NP (NP products )NP (VP *UNKED (PP from (NP *UNK )NP )PP )VP )NP , (PP such as (NP (NP *UNK )NP and (NP *UNK *UNK )NP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP the *UNK division )NP )PP , (NP profit )NP (VP remains (ADJP weak )ADJP , (PP (ADVP largely )ADVP because of (NP persistent *UNK )NP )PP )VP . )S  STOP
(S (S But (NP Akzo )NP (VP is (ADVP still )ADVP (VP *UNKING (PRT down )PRT )VP )VP )S : (S (NP It )NP (ADVP recently )ADVP (VP announced (NP plans (S (VP to (VP eliminate (NP (NP (QP about *UNKN )QP *UNKED jobs )NP (PP in (NP (NP the Netherlands )NP and (NP West Germany )NP )NP )PP )NP )VP )VP )S )NP )VP )S . )S  STOP
(S (SBAR Although (S (NP the *UNK and *UNK markets )NP (VP remain (ADJP mostly *UNK )ADJP )VP )S )SBAR , (NP Akzo )NP (VP has (NP (NP high hopes )NP (PP for (NP (NP some emerging *UNK businesses )NP , (ADJP such (NP (NP (NP *UNK *UNK )NP and (NP *UNK )NP )NP , (NP (NP (ADJP extremely strong )ADJP fibers )NP (VP used (S (VP (VP to (VP *UNK (NP *UNK and metals )NP )VP )VP and (VP to (VP make (NP (NP such products )NP (PP as (NP *UNK- *UNK )NP )PP )NP )VP )VP )VP )S )VP )NP )NP )ADJP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Akzo 's )NP *UNKC *UNK *UNK )NP (VP is (NP (NP a *UNK second )NP (PP to (NP (NP (NP Du Pont Co. 's )NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP the market )NP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP (NP world-wide industry sales )NP (PP of (NP *UNK fibers )NP )PP )NP (VP are (VP expected (S (VP to (VP total (NP (QP about $ 500 million )QP )NP (NP this year )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Sales growth )NP (PP of (NP (NP 10 % )NP (NP a year )NP )NP )PP )NP (VP seems (ADJP possible )ADJP )VP )S (PRN , (S (NP he )NP (VP said )VP )S , )PRN and (S (NP Akzo )NP (VP expects (S (NP its *UNKC business )NP (VP to (VP become (ADJP profitable )ADJP (PP in (NP 1990 )NP )PP )VP )VP )S )VP )S . )S  STOP
(S (NP Akzo )NP (ADVP also )ADVP (VP has (VP spent (ADVP heavily )ADVP (PP on (NP (NP acquisitions )NP (PP in (NP (NP *UNK )NP , (NP auto *UNK )NP and (NP industrial coatings )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP August )NP )PP , (PP for (NP example )NP )PP , (NP it )NP (VP completed (NP (NP the (ADJP (QP $ 110 million )QP )ADJP acquisition )NP (PP of (NP (NP *UNKC *UNKC Inc. )NP , (NP (NP a U.S. maker )NP (PP of (NP (NP industrial coatings )NP (PP for (NP wood , metals and plastics )NP )PP )NP )PP )NP )NP )PP , (PP from (NP *UNKC Corp )NP )PP )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP Akzo )NP (VP is (ADJP likely (S (VP to (VP see (NP (NP strong profit growth )NP (PP from (NP coatings )NP )PP )NP )VP )VP )S )ADJP (SBAR as (S (NP it )NP (VP *UNK (NP (NP cost savings )NP and (NP (NP other benefits )NP (PP from (NP its greater scale )NP )PP )NP )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP (NP (NP Akzo 's )NP drug business )NP , (SBAR (WHADVP where )WHADVP (S (NP profits )NP (VP have (VP shown (NP *UNK change )NP (PP for (NP the past five years )NP )PP )VP )VP )S )SBAR )NP )PP , (NP Mr. Bergsma )NP (VP predicted (NP moderate profit growth )NP )VP . )S  STOP
(S (NP Akzo )NP (VP (VP is (NP (NP the leading seller )NP (PP of (NP *UNK- pills )NP )PP )NP (PP in (NP Europe )NP )PP )VP but (VP is (ADVP still )ADVP (VP seeking (NP regulatory approvals (S (VP to (VP enter (NP that market )NP )VP )VP )S )NP (PP in (NP (NP the U.S. )NP and (NP Japan )NP )NP )PP )VP )VP )VP . )S  STOP
(S (NP Mr. Bergsma )NP (VP said (SBAR (S (NP Akzo )NP (VP hopes (S (VP to (VP have (NP approval (S (VP to (VP sell (NP its *UNKC pill )NP (PP in (NP the U.S. )NP )PP )VP )VP )S )NP (PP in (NP 1992 )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Akzo )NP (ADVP also )ADVP (VP has (NP (NP small operations )NP (PP in (NP (NP diagnostic tests )NP , (NP *UNK drugs )NP and (NP *UNK products )NP )NP )PP )NP )VP . )S  STOP
(S (S (NP *UNKC products )NP (VP are (VP showing (NP (ADJP especially strong )ADJP growth )NP )VP )VP )S , (NP Mr. Bergsma )NP (VP said )VP . )S  STOP
(SINV (PP Among (NP the leading products )NP )PP (VP is )VP (NP (NP a *UNK shot )NP (PP for (NP *UNK )NP )PP )NP . )SINV  STOP
(S (NP We )NP (VP 're (ADJP *UNK (S (VP to (VP see (NP (NP (NP Nigel Lawson 's )NP departure )NP (PP from (NP the British government )NP )PP )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP He )NP (VP is (NP (NP a *UNK )NP (PP with (NP (NP the *UNK )NP (PP of (NP true conviction )NP )PP )NP )PP )NP , (PP as (PP in (S (VP (VP (ADVP *UNKLY )ADVP *UNKING (NP exchange controls )NP )VP and (VP (PP in (ADJP particular )ADJP )PP *UNKING (NP (NP the top rate )NP (PP of (NP income *UNK )NP )PP )NP (PP to (NP 40 % )NP )PP )VP )VP )S )PP )PP )VP . )S  STOP
(S But (PP in (NP the end )NP )PP (NP (NP his resignation )NP (PP as (NP (NP Chancellor )NP (PP of (NP the Exchequer )NP )PP )NP )PP )NP (VP may (VP be (NP a good thing )NP , (SBAR (ADVP especially )ADVP if (S (NP it )NP (VP works (SBAR as (S (NP he )NP (ADVP no doubt )ADVP (VP intends )VP )S )SBAR -- (PP by (S (VP forcing (S (NP (NP Prime Minister Thatcher )NP and (NP (NP her counterparts )NP (ADVP elsewhere )ADVP )NP )NP (VP to (VP *UNK (NP (NP the genuine *UNK issues )NP (ADJP involved )ADJP )NP )VP )VP )S )VP )S )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The early *UNK )NP (PRN , (S (NP we )NP (VP *UNK )VP )S , )PRN (VP (ADVP *UNKLY )ADVP suggest (NP (ADJP so *UNK )ADJP an outcome )NP )VP . )S  STOP
(S (NP The *UNKC Street reaction )NP (VP was (VP *UNKED (PP in (NP (NP the *UNKC *UNK )NP , `` (S (NP *UNKC )NP (VP *UNKC (NP Thatcher *UNKC )NP )VP )S )NP )PP )VP )VP . '' )S  STOP
(S (NP British politicians )NP (VP *UNK (PP into (NP (NP (NP two groups )NP (PP of (NP *UNK )NP )PP )NP , (NP (NP (NP those )NP (SBAR with (S (NP their *UNK )NP (VP cut )VP )S )SBAR )NP and (NP (NP those )NP (VP *UNKING (SBAR (S (NP the *UNK )NP (VP is (VP falling )VP )VP )S )SBAR )VP )NP )NP )NP )PP )VP . )S  STOP
(S (ADVP So far (SBAR as (S (NP we )NP (VP can (VP see )VP )VP )S )SBAR )ADVP (NP (NP only two *UNK )NP )NP (VP are (VP *UNKING (PP with (NP (NP a *UNK )NP (VP *UNKING (NP (NP the *UNK )NP (PP of (NP the issues )NP )PP )NP )VP )NP )PP : (NP (NP Mr. Lawson )NP and (NP (NP Sir Alan *UNKC )NP , (NP (NP the *UNK )NP (PP of (NP (NP the Chancellor 's )NP difficulties )NP )PP )NP , (SBAR (WHNP who )WHNP (S (ADVP also )ADVP (VP resigned (PP as (NP (NP personal adviser )NP (PP to (NP Mrs. Thatcher )NP )PP )NP )PP )VP )S )SBAR )NP )NP )VP )VP . )S  STOP
(S (NP The problem )NP (VP is (SBAR that (S (PP on (NP (NP the *UNK issue )NP (PP of (NP (NP monetary policy )NP and (NP exchange rates )NP )NP )PP )NP )PP , (NP conservative , free-market economists )NP (VP *UNK (PP into (NP (QP at least three )QP *UNK *UNK )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP There )NP (VP are (NP (NP the strict *UNK )NP , (SBAR (WHNP who )WHNP (S (VP believe (SBAR that (S (NP floating exchange rates )NP (VP free (S (NP an economy )NP (VP to (VP stabilize (NP its price level )NP )VP )VP )S (PP by (S (VP *UNKING (NP the monetary *UNK )NP )VP )S )PP )VP )S )SBAR )VP )S )SBAR )NP )VP . )S  STOP
(S (NP There )NP (VP are (NP (NP the *UNK- *UNK )NP , (SBAR (WHNP who )WHNP (S (VP seek (S (VP to (VP spread (NP (NP the advantages )NP (PP of (NP a common currency )NP )PP )NP (PP through (NP fixed exchange rates )NP )PP )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S And (NP there )NP (VP are (NP (NP the *UNK- *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP *UNK (NP (NP *UNK )NP (SBAR (S (VP to (VP balance (NP trade flows )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP This )NP (VP is (NP a problem )NP (PP (CONJP not only )CONJP (PP for (NP Prime Minister Thatcher )NP )PP but (PP for (NP President Bush )NP )PP )PP , (SBAR as (S (VP shown (PP in (NP (NP the *UNKING *UNKING )NP (PP over (NP the dollar )NP )PP (PP between (NP (NP the Federal Reserve )NP and (NP the Mulford Treasury )NP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP the British case )NP )PP , (NP Mr. Lawson )NP (VP is (NP (NP the *UNK thing )NP (PP in (NP London )NP )PP (PP to (NP a *UNK- *UNK )NP )PP )NP )VP . )S  STOP
(S (S (NP He )NP (CONJP not only )CONJP (VP slashed (NP marginal tax rates )NP , (S (ADVP initially )ADVP (VP *UNKING (NP fresh growth )NP (PP in (NP Britain )NP )PP )VP )S )VP )S , but (S (NP he )NP (VP wanted (S (VP to (VP *UNK (NP monetary policy )NP (PP by (S (VP (VP targeting (NP exchange rates )NP )VP , (VP (ADVP indeed )ADVP joining (NP the European Monetary System )NP )VP )VP )S )PP )VP )VP )S )VP )S . )S  STOP
(S (SBAR While (S (ADVP no doubt )ADVP (VP agreeing (PP with (NP Mr. Lawson )NP )PP (PP on (NP everything else )NP )PP )VP )S )SBAR , (NP Sir Alan )NP (VP is (NP (NP a *UNK- *UNK )NP , (VP inclined (S (VP to (VP defend (NP floating rates )NP (PP to (NP the death )NP )PP )VP )VP )S )VP )NP )VP . )S  STOP
(S (S (VP To (VP make (S (NP matters )NP (ADJP (ADJP even more )ADJP *UNKING )ADJP )S )VP )VP )S , (NP the earlier U.S. experience )NP (VP made (S (ADJP clear )ADJP (SBAR that (S (NP (NP Mr. Lawson 's )NP tax cuts )NP (VP would (VP have (NP (NP *UNK effects )NP (PP on (NP (NP (NP Britain 's )NP international accounts )NP and (NP (NP the value )NP (PP of (NP sterling )NP )PP )NP )NP )PP )NP )VP )VP )S )SBAR )S )VP . )S  STOP
(S (NP They )NP (VP (VP increased (NP (NP the after-tax rate )NP (PP of (NP return )NP )PP )NP )VP and (VP made (S (NP Britain )NP (NP (NP a (ADJP far more attractive )ADJP place )NP (SBAR (S (VP to (VP invest )VP )VP )S )SBAR )NP )S )VP , (S (VP producing (NP sudden capital *UNK )NP )VP )S )VP . )S  STOP
(S (PP By (NP accounting *UNK )NP )PP , (NP this )NP (VP had (S (VP to (VP produce (NP a sudden trade deficit )NP )VP )VP )S )VP . )S  STOP
(S (PP As (PP in (NP the U.S. )NP )PP )PP , (NP it )NP (ADVP also )ADVP (VP produced (NP (NP a sudden *UNK )NP (PP in (NP (NP the demand )NP (PP for (NP sterling )NP )PP )NP )PP (PRN , (S (NP that )NP (VP is (NP (NP a surge )NP (PP in (NP (NP the sterling monetary *UNK )NP , (NP *UNKC )NP )NP )PP )NP )VP )S )PRN )NP )VP . )S  STOP
(S (PP At (NP this point )NP )PP , (NP the options )NP (VP were : (S (S (VP *UNKC (NP money )NP (S (VP to (VP stop (NP (NP the boost )NP (PP in (NP the *UNK )NP )PP )NP )VP )VP )S , (SBAR as (S (NP Sir Alan )NP (ADVP surely )ADVP (VP advised )VP )S )SBAR )VP )S , and (S (VP forget (NP the soaring pound )NP )VP )S )S )VP . )S  STOP
(FRAG (S (VP To (VP push (NP the pound )NP (ADVP even lower )ADVP (S (VP trying (S (VP to (VP *UNK (NP the trade deficit )NP )VP )VP )S )VP )S )VP )VP )S , (NP (NP a policy )NP (SBAR (S (NP Britain )NP (VP has (ADVP repeatedly )ADVP (VP proved (S (ADJP *UNK )ADJP )S )VP )VP )S )SBAR )NP . )FRAG  STOP
(S Or (VP to (VP (VP supply (NP (NP enough money )NP (SBAR (S (VP to (VP (VP meet (NP the increased demand )NP )VP and (VP stabilize (NP the exchange rate )NP )VP )VP )VP )S )SBAR )NP (PRN , (SBAR as (S (NP the Chancellor )NP (VP argued )VP )S )SBAR , )PRN )VP and (VP ensure (NP (NP the *UNK )NP (PP of (NP this policy )NP )PP )NP (PP by (S (VP joining (NP the *UNKC )NP )VP )S )PP )VP )VP )VP . )S  STOP
(S (S (VP *UNKED (PP with (NP a similar situation )NP )PP )VP )S , (NP Paul *UNKC )NP (VP let (S (NP the dollar )NP (VP *UNK )VP )S , (PRN -LRB- (SBAR though (S (NP monetary *UNK )NP (ADVP also )ADVP (VP grew (ADVP (ADVP so rapidly )ADVP (SBAR (S (NP *UNK )NP (VP issued (NP (NP *UNK- warnings )NP (PP of (NP inflation )NP )PP )NP )VP )S )SBAR )ADVP )VP )S )SBAR -RRB- )PRN )VP . )S  STOP
(S But (NP this )NP (VP *UNKED (NP the U.S. manufacturing sector )NP , (S (VP *UNKING (NP (NP the seeds )NP (PP of (NP *UNK )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP Mr. Lawson )NP , (SBAR though (S not (VP allowed (S (VP to (VP join (NP the *UNKC )NP )VP )VP )S )VP )S )SBAR , (VP chose (S (VP to (VP `` shadow '' (NP the *UNK mark )NP )VP )VP )S )VP . )S  STOP
(S (NP He )NP (VP *UNKED (NP (NP inflation )NP (PP along (PP with (NP rapid growth )NP )PP )PP )NP , (S (NP no doubt )NP (VP *UNKING (NP (NP Sir Alan 's )NP predictions )NP (PP in (NP (NP the Prime Minister 's )NP mind )NP )PP )VP )S )VP . )S  STOP
(S But (ADVP more recently )ADVP , (NP the pound )NP (VP has (VP been (VP falling (PP with (NP (NP high inflation )NP , (SBAR (WHNP which )WHNP (S (VP has (ADVP also )ADVP (VP seemed (ADJP almost *UNK (PP to (NP (NP the high interest rates )NP (SBAR (S (NP Mr. Lawson )NP (VP *UNKED (S (VP to (VP stop (NP it )NP )VP )VP )S )VP )S )SBAR )NP )PP )ADJP )VP )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S So (NP the British experience )NP (VP *UNK (NP (NP a genuine *UNK )NP (SBAR (WHNP that )WHNP (S (VP reaches (PP (ADVP far )ADVP beyond (NP (NP the *UNK )NP (PP of (NP *UNKC )NP )PP )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP We )NP (VP (VP had (VP been (VP *UNKING (NP (NP *UNK )NP (PP on (NP it )NP )PP )NP (PP (ADVP long )ADVP before (NP (NP Mr. Lawson 's )NP resignation )NP )PP )VP )VP )VP , and (VP offer (NP (NP some )NP (PP of (NP the collection )NP )PP )NP (PP for (NP (NP the benefit )NP (PP of (NP (NP his (NX (NX successor )NX and (NX one-time deputy )NX )NX )NP , (NP John Major )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (VP To (VP begin (PRT with )PRT )VP )VP )S , (NP we )NP (VP should (VP note (SBAR that (S (PP in (NP (NP contrast )NP (PP to (NP the U.S. deficit )NP )PP )NP )PP , (NP Britain )NP (VP has (VP been (VP running (NP *UNK budget *UNK )NP )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP (NP pursuit )NP (PP of (NP this *UNK )NP )PP )NP )PP , (NP (NP *UNKC *UNK )NP and (NP *UNK- *UNK )NP )NP (VP need not (VP apply )VP )VP . )S  STOP
(S (NP We )NP (VP should (ADVP also )ADVP (VP add (NP (NP (NP Mr. Lawson 's )NP own explanation )NP , (SBAR as (S (NP we )NP (VP understand (NP it )NP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (PP Unlike (NP the U.S. )NP )PP , (NP Britain )NP (ADVP never )ADVP (VP achieved (NP (NP even a *UNK reduction )NP (PP in (NP real wages )NP )PP )NP )VP . )S  STOP
(S (NP (NP The wage *UNK )NP , (SBAR (WHNP which )WHNP (S (NP *UNKC studies )NP (VP confirm (SBAR (S (VP is (ADJP particularly high )ADJP (PP in (NP Britain )NP )PP )VP )S )SBAR )VP )S )SBAR , )NP (VP gives (NP its economy )NP (NP (NP a structural bias )NP (PP toward (NP inflation )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (ADJP (ADJP easier (SBAR (S (VP to (VP spark )VP )VP )S )SBAR )ADJP and (ADJP harder (SBAR (S (VP to (VP control )VP )VP )S )SBAR )ADJP )ADJP )VP . )S  STOP
(S (NP We )NP (VP should (ADVP also )ADVP (VP concede (SBAR that (S (PP in (NP the British experience )NP )PP (NP the *UNK cause )NP (VP *UNK (NP (NP some )NP (PP of (NP (NP the credibility )NP (SBAR (S (NP it )NP (VP lost (PP in (NP the U.S. experience )NP )PP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP *UNKC )ADVP (NP (NP Paul Craig Roberts )NP , (NP (NP a *UNKED *UNK- )NP (PP with (NP *UNK *UNK )NP )PP )NP , )NP (VP argues (NP (NP the case )NP (PP for (NP Sir Alan )NP )PP )NP )VP . )S  STOP
(S (ADVP Perhaps )ADVP (NP (NP the fiscal shock )NP (PP of (NP tax cuts )NP )PP )NP (VP is (PP after (NP all )NP )PP (VP (ADVP best )ADVP *UNKED (PP by (NP floating rates )NP )PP , (SBAR though (S (PP of (NP course )NP )PP (PP in (NP the event )NP )PP (NP Mr. Lawson )NP (VP resigned (PP over (SBAR whether (S (VP to (VP support (NP a weak pound )NP )VP , not (VP *UNK (NP a strong one )NP )VP )VP )S )SBAR )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP We )NP (VP recall (SBAR that (S (NP Mr. Roberts )NP (VP (CONJP not only )CONJP (VP *UNK (NP the Chancellor )NP (PP for (S (VP being (ADJP too easy )ADJP (PP because of (NP a desire (S (VP to (VP *UNK (NP sterling )NP )VP )VP )S )NP )PP )VP )S )PP )VP , (CONJP but also )CONJP (VP led (NP (NP the *UNK )NP (VP saying (SBAR that (S (NP Mr. *UNKC )NP (VP was (ADJP too tight )ADJP (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP let (S (NP the dollar )NP (VP rise )VP )S )VP )S )SBAR )VP )S )SBAR )VP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP *UNKC (PP in (NP between )NP )PP )ADVP (NP there )NP (VP must (VP be (NP (NP a golden mean )NP , (VP (VP (ADVP perhaps )ADVP measured (PP by (NP *UNKC )NP )PP )VP , but (VP (ADVP perhaps )ADVP measured (PP by (NP purchasing power parity )NP )PP )VP )VP )NP )VP )VP . )S  STOP
(S (NP The *UNK )NP (VP tend (S (VP to (VP think (SBAR (S (NP Mr. Lawson )NP (VP ran (PP onto (NP technical *UNK )NP )PP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (S (PP In (S (VP *UNKING (NP rates )NP )VP )S )PP (NP (NP the choice )NP (PP of (NP initial *UNK )NP )PP )NP (VP is (ADJP crucial )ADJP (PRN , (PP for (NP example )NP )PP , )PRN )VP )S and (S (ADVP perhaps )ADVP (NP he )NP (VP picked (NP the wrong *UNK- rate )NP )VP )S . )S  STOP
(S (PP For (NP that matter )NP )PP , (ADVP perhaps )ADVP (NP he )NP (VP fixed (PP to (NP the wrong currency )NP )PP )VP . )S  STOP
(S (NP We )NP (VP *UNK (PP with (NP (NP Mrs. Thatcher 's )NP reluctance (S (VP to (VP *UNK (NP her currency )NP (PP to (NP (NP one )NP (VP *UNKED (PP by (NP (NP the domestic political *UNK )NP (PP of (NP West Germany )NP )PP )NP )PP )VP )NP )PP )VP )VP )S )NP )PP )VP . )S  STOP
(S (ADVP Perhaps )ADVP (NP the shock )NP (VP would (VP have (VP been (ADJP less )ADJP (SBAR if (S (NP they )NP (VP 'd (VP fixed (PP to (NP another *UNK- , *UNKED , *UNK- economy )NP )PP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP (NP Alan Reynolds )NP (PP of (NP *UNKC )NP )PP )NP (VP adds (NP his *UNK (SBAR that (S (NP the *UNKED *UNK *UNK )NP (VP is (NP the budget surplus )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Those )NP (SBAR (WHNP who )WHNP (S (VP can (VP shake (NP *UNKC ghosts )NP (PP out (PP of (NP their heads )NP )PP )PP )VP )VP )S )SBAR )NP (VP might (VP recognize (SBAR that (S (NP (NP the retirement )NP (PP of (NP *UNK )NP )PP (PP for (NP cash )NP )PP )NP (VP is (ADJP equivalent (PP to (NP an *UNK *UNK- operation )NP )PP )ADJP )VP )S )SBAR , (S (ADVP indeed )ADVP , (NP (NP it )NP )NP (VP is (NP (NP the definition )NP (PP of (NP an open market operation )NP )PP )NP (S (VP to (VP expand (NP the money supply )NP )VP )VP )S )VP )S )VP )VP . )S  STOP
(S (NP Mr. Reynolds )NP (ADVP also )ADVP (VP notes (SBAR that (S (SBAR since (S (NP British banks )NP (VP have (NP no reserve requirements )NP )VP )S )SBAR , (NP high interest rates )NP (VP are (ADJP (ADJP less likely (S (VP to (VP curb (NP inflation )NP )VP )VP )S )ADJP (SBAR than (S (VP to (VP cause (NP recession )NP )VP )VP )S )SBAR )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP We )NP (VP would (VP add (SBAR that (S (PP in (NP political terms )NP )PP , (NP (NP Mrs. Thatcher 's )NP problem )NP (VP was (S (VP failing (S (VP to (VP decide (PP between (NP (NP the Chancellor )NP and (NP her adviser )NP )NP )PP )VP )VP )S )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP the end )NP )PP , (S (NP neither policy )NP (VP was (VP followed )VP )VP )S , and (S (PP instead of (S (VP learning (NP anything )NP )VP )S )PP (NP we )NP (VP are (VP left (PP with (NP a mystery )NP )PP )VP )VP )S . )S  STOP
(S (S (PP In (NP particular )NP )PP , (S (VP `` *UNKING '' (NP a currency )NP )VP )S (VP is (NP (NP anything )NP (PP but (NP *UNKING )NP )PP )NP )VP )S ; (S (NP it )NP (VP is (NP an open announcement (SBAR that (S (NP the exchange rate target )NP (VP has (NP no credibility )NP )VP )S )SBAR )NP )VP )S . )S  STOP
(FRAG (ADVP All the more so )ADVP (SBAR (WHADVP when )WHADVP (S (NP strong *UNK )NP (VP are (VP heard (S (VP opposing (NP the policy )NP )VP )S )VP )VP )S )SBAR . )FRAG  STOP
(FRAG (ADJP Better )ADJP (S (VP to (VP have (NP a true *UNK policy )NP , (PP (ADVP just )ADVP for (NP the experience )NP )PP )VP )VP )S . )FRAG  STOP
(S So (NP Mr. Lawson )NP (VP had (S (VP to (VP *UNK )VP )VP )S )VP . )S  STOP
(S (PP In (NP the end )NP )PP (NP his move )NP (VP was (VP sparked (PP by (NP (NP remarks )NP (PP in (NP (NP *UNK )NP (PP from (NP (NP (NP Sir Alan 's )NP *UNK )NP (PP in (NP (NP The American *UNKC )NP , (NP a *UNK- academic journal )NP )NP )PP )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S But (NP it )NP (VP was (NP the underlying situation )NP (SBAR (WHNP that )WHNP (S (VP became (ADJP *UNK )ADJP )VP )S )SBAR )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (NP (NP Mr. Major )NP and (NP Mrs. Thatcher )NP )NP (VP will (VP do (ADVP now )ADVP )VP )VP )S )SBAR (VP remains (S (VP to (VP be (VP seen )VP )VP )VP )S )VP . )S  STOP
(S (NP They )NP (VP *UNK (NP (NP (NP *UNK inflation )NP and (NP a *UNKING economy )NP )NP (PRN , (S (NP that )NP (VP is (S (VP to (VP say )VP )VP )S )VP )S , )PRN (NP *UNK )NP )NP )VP . )S  STOP
(S (S (NP This )NP (VP can not (VP be (VP *UNKED (PP by (S (VP *UNKING (NP a further downturn )NP )VP )S )PP )VP )VP )VP )S ; (S (S (VP reducing (NP (NP the supply )NP (PP of (NP goods )NP )PP )NP )VP )S (VP does not (VP solve (NP inflation )NP )VP )VP )S . )S  STOP
(S (NP Our advice )NP (VP is (NP (NP this )NP : (S (VP (VP (ADVP *UNKLY )ADVP return (NP the government *UNK )NP (PP to (NP the economy )NP )PP (PP through (NP *UNKING tax cuts )NP )PP )VP , and (VP find (NP (NP some monetary policy target )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP both (NP supply )NP and (NP (NP demand )NP (PP for (NP money )NP )PP )NP )NP )VP (PRN -LRB- (SBAR (WHNP which )WHNP (S (NP neither (NP *UNK )NP nor (NP interest rates )NP )NP (VP can (VP do )VP )VP )S )SBAR -RRB- )PRN )S )SBAR )NP )VP )VP )S )NP )VP . )S  STOP
(S (NP This )NP (VP was (NP (NP the version )NP (PP of (NP *UNK- economics )NP )PP (SBAR (WHNP that )WHNP , (S (PP in (NP the (NX (NX late 1970s )NX and (NX early *UNK )NX )NX )NP )PP , (VP worked (UCP (PP in (NP America )NP )PP and (ADVP world-wide )ADVP )UCP (S (VP to (VP solve (NP (NP a (ADJP far more serious )ADJP *UNK )NP (SBAR than (S (VP *UNK (NP Britain )NP (NP today )NP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(SINV (S (NP (NP Ogilvy & Mather )NP , (SBAR (WHNP whose declining profitability )WHNP (S (VP prompted (NP (NP its takeover )NP (PP by (NP WPP Group )NP )PP (NP earlier this year )NP )NP )VP )S )SBAR , )NP (VP will (VP see (S (NP its profit margins )NP (VP *UNK (ADVP back (PP to (NP the `` (ADJP 11.5 % )ADJP range '' )NP )PP )ADVP )VP )S (PP in (NP 1990 )NP )PP )VP )VP )S , (VP said )VP (NP (NP *UNKC Phillips )NP , (NP (NP the agency 's )NP new *UNK- )NP )NP . )SINV  STOP
(S (S (NP (NP The ad agency 's )NP pretax profit margins )NP (VP were (PP (ADVP slightly )ADVP under (NP 10 % )NP )PP (PP at (NP (NP the time )NP (PP of (NP the takeover )NP )PP )NP )PP , (PP according (PP to (NP analysts )NP )PP )PP )VP )S ; (S (NP (NP *UNKED WPP 's )NP goal )NP (VP is (S (VP to (VP increase (NP margins )NP (PP to (NP 12 % )NP )PP )VP )VP )S )VP )S . )S  STOP
(S (NP Mr. Phillips )NP (VP made (NP his comments )NP (PP during (NP (NP an interview )NP (VP *UNKING (NP (NP his plans )NP (PP for (NP the agency )NP )PP )NP )VP )NP )PP )VP . )S  STOP
(S (S (ADJP *UNKC )ADJP )S , (NP the *UNK- Ogilvy veteran )NP (VP was (VP named (ADVP last week )ADVP (S (VP to (VP succeed (NP (NP Kenneth Roman )NP , (SBAR (WHNP who )WHNP (S (VP is (VP leaving (PP by (NP (NP year 's )NP end )NP )PP (S (VP to (VP take (NP (NP a top post )NP (PP at (NP (NP American Express )NP , (NP an Ogilvy client )NP )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (VP *UNKED (PP by (NP (NP (NP *UNK )NP (PP of (NP paper )NP )PP )NP , (NP two computers )NP and (NP (NP photos )NP (PP of (NP (NP himself )NP (VP *UNKING and flying )VP )NP )PP )NP )NP )PP )VP )S , (NP Mr. Phillips )NP (VP laid (PRT out )PRT (NP (NP several changes )NP (SBAR (S (NP he )NP (VP hopes (S (VP to (VP make )VP )VP )S )VP )S )SBAR (PP at (NP the agency )NP )PP )NP )VP . )S  STOP
(S (ADVP First and *UNK )ADVP , (NP Mr. Phillips )NP (VP said (SBAR (S (NP he )NP (VP hopes (S (VP to (VP improve (NP client service )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Ogilvy )NP (PP under (NP the *UNK Mr. Roman )NP )PP )NP (VP gained (NP a reputation )NP (PP (PP as (S (ADVP occasionally )ADVP (VP being (ADJP *UNKED )ADJP (PP in (NP (NP its treatment )NP (PP of (NP clients )NP )PP )NP )PP )VP )S )PP , (PP of (S (VP *UNKING (SBAR (WHNP what strategy )WHNP (S (NP a client )NP (VP (VP should )VP (PRN -- (ADVP indeed )ADVP , (VP must )VP -- )PRN (VP follow )VP )VP )S )SBAR )VP )S )PP )PP )VP . )S  STOP
(S And (NP (NP some )NP (PP of (NP its top *UNK- executives )NP )PP , (PP including (NP Mr. Phillips )NP )PP , )NP (VP were (VP *UNKED (PP to (NP (NP the point )NP (SBAR (S (NP they )NP (VP were (VP *UNKED (PP with (NP administrative duties )NP )PP , (PP with (NP (NP little time )NP (SBAR (S (VP to (VP see (NP clients )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S But (NP Mr. Phillips )NP (ADVP recently )ADVP (VP *UNKED (NP himself )NP (PRT up )PRT (S (VP to (VP spend (NP more time )NP (PP with (NP clients )NP )PP )VP )VP )S (PP by (S (VP *UNKING (NP (NP much )NP (PP of (NP his administrative work )NP )PP )NP (PP to (NP a deputy )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP He )NP (ADVP also )ADVP (VP plans (S (VP to (VP get (S (VP to (VP know (NP (NP clients )NP (SBAR (WHNP that )WHNP (S (NP Mr. Roman )NP (VP was (ADJP closer (PP to )PP )ADJP )VP )S )SBAR , (PP such as (NP (NP *UNKC Brothers )NP , (NP American Express )NP and (NP Seagram )NP )NP )PP )NP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP The two men )NP (VP are (VP planning (NP (NP joint visits )NP (PP to (NP (NP a number )NP (PP of (NP clients )NP )PP )NP )PP )NP (S (VP to (VP attempt (S (VP to (VP (ADVP *UNKLY )ADVP hand (PRT over )PRT (NP the *UNK )NP )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S `` (S (NP *UNKC )NP (VP want (S (VP to (VP see (NP (NP more )NP (PP of (NP (NP our senior people )NP (VP involved (PP in (NP the business )NP )PP )VP )NP )PP )NP -- (UCP not (ADVP (ADVP once )ADVP (NP a month )NP )ADVP , but (NP (NP (QP two or three )QP times )NP (NP a week )NP )NP )UCP )VP )VP )S )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP Mr. Phillips )NP (ADVP also )ADVP (VP hopes (S (VP to (ADVP finally )ADVP (VP *UNK (NP (NP a reorganization )NP (VP (VP announced (NP earlier this year )NP )VP but (VP put (PP on (NP hold )NP )PP (PP by (NP the WPP takeover )NP )PP )VP )VP )NP )VP )VP )S )VP . )S  STOP
(S (NP The reorganization )NP (VP is (VP supposed (S (VP to (VP make (S (NP (NP *UNK- shopping )NP (PRN -- (NP (S (VP buying (NP (NP (NP advertising )NP , (NP public relations )NP and (NP design )NP )NP )NP all (PP in (NP one place )NP )PP )VP )S , or (NP `` (NP Ogilvy *UNKC )NP '' (PP in (NP *UNKC )NP )PP )NP )NP -- )PRN )NP (NP a reality )NP )S )VP )VP )S )VP )VP . )S  STOP
(S (PP Under (NP the reorganization )NP )PP , (NP Ogilvy )NP (VP plans (S (VP to (VP name (NP (NP one executive )NP (PP on (NP each account )NP )PP )NP (PP as (NP (NP a `` client service director '' )NP (SBAR (S (VP to (VP work (PP as (NP (NP (NP the client 's )NP single contact )NP (PP for (NP all those services )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S `` (S (S (NP There )NP (VP is (NP (NP (ADJP little or no )ADJP integration )NP (PP of (NP our work )NP )PP )NP )VP )S , (S (NP quality )NP (VP is (ADJP *UNK )ADJP )VP )S , (S (NP there )NP (VP is (NP no single focus )NP )VP )S )S , '' (NP Mr. Phillips )NP (VP complained (PP to (NP staffers )NP )PP (PP in (NP (NP March )NP , (SBAR (WHADVP when )WHADVP (S (NP the reorganization )NP (VP was (VP announced )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (ADVP Now )ADVP (NP Mr. Phillips )NP (VP says (SBAR (S (NP he )NP (VP hopes (S (VP to (VP have (S (NP the new system )NP (PP in (NP place )NP )PP )S (PP for (NP (NP several clients )NP -- (PP including (NP (NP American Express )NP , (NP American Telephone & Telegraph )NP and (NP *UNKC )NP )NP )PP -- )NP )PP (PP by (NP (NP year 's )NP end )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Industry executives and analysts )NP (VP are (VP divided (PP on (SBAR whether (S (NP Mr. Phillips )NP (VP is (PP up (PP to (NP the task )NP )PP )PP )VP )S )SBAR )PP )VP )VP . )S  STOP
(S (NP He )NP (VP is n't (ADJP (ADJP as well-known (PP to (NP clients )NP )PP )ADJP (SBAR as (SINV (VP is )VP (NP Mr. Roman )NP )SINV )SBAR )ADJP )VP . )S  STOP
(S (PP Under (NP his watch )NP )PP , (S (NP office *UNKING )NP (VP was (ADVP often )ADVP (ADJP *UNK )ADJP (PP in (NP (NP the agency 's )NP New York operation )NP )PP )VP )S and (S (NP (NP the office )NP (ADVP there )ADVP )NP (VP has (VP had (NP a *UNK *UNK- record )NP (PP for (NP (NP more )NP (PP than (NP a year )NP )PP )NP )PP )VP )VP )S . )S  STOP
(SINV (S And (SBAR while (S (NP last week )NP (NP the agency )NP (VP hired (NP (NP a top *UNKC executive )NP , (NP Bill Hamilton )NP , (SBAR (S (VP to (VP try (S (VP to (VP bolster (NP its work )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP )S )SBAR , `` (NP *UNKC )NP (VP has (S (VP to (VP get (S (NP (NP the revenue )NP (PP of (NP that New York office )NP )PP )NP (VP moving )VP )S )VP )VP )S )VP )S , '' (VP says )VP (NP (NP James *UNKC )NP , (NP (NP an analyst )NP (PP with (NP County *UNKC Securities )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP The one thing )NP (SBAR (S (NP Mr. Phillips )NP (ADVP clearly )ADVP (VP does (VP have )VP )VP )S )SBAR (VP going (PP for (NP him )NP )PP )VP )NP (VP is (NP *UNK )NP , (SBAR although (S (NP (NP it )NP )NP (VP is n't (ADJP certain )ADJP (SBAR if (S (NP that )NP (VP will (VP be (NP enough )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (SBAR As (S (NP Mr. *UNKC )NP (VP says )VP )S )SBAR , `` (S (NP (NP The last thing )NP (SBAR (S (NP they )NP (VP need )VP )S )SBAR )NP (VP is (NP (NP enormous *UNK )NP (PP at (NP the top )NP )PP )NP )VP )S ... and (S (NP *UNKC )NP (VP is (ADVP obviously )ADVP (NP (NP a long-term member )NP (PP of (NP (NP the Ogilvy *UNKC )NP , (SBAR as (S (NP we )NP (VP call (S (NP it )NP )S )VP )S )SBAR )NP )PP )NP )VP )S . '' )S  STOP
(S (NP (NP Mr. Phillips )NP and (NP Mr. Roman )NP )NP (VP are (ADVP indeed )ADVP (ADJP quite similar (PP (PP in (NP *UNK )NP )PP , (CONJP if not )CONJP (PP in (NP style )NP )PP )PP )ADJP )VP . )S  STOP
(S (SBAR While (S (NP Mr. Roman )NP (VP is (NP a *UNK *UNK )NP )VP )S )SBAR , (NP Mr. Phillips )NP (VP would (ADVP rather )ADVP (VP *UNK , (S (VP leaving (NP him )NP (NP (NP time )NP (PP for (NP (NP his interests )NP (PP outside (NP the office )NP )PP )NP )PP )NP )VP )S )VP )VP . )S  STOP
(S (NP Mr. Roman )NP , (PP by (NP contrast )NP )PP , (VP seems (S (ADVP rarely )ADVP (VP to (VP cut (ADVP loose )ADVP (ADVP at all )ADVP , (SBAR although (S (NP he )NP (VP did (VP appear (PP at (NP (NP Ogilvy 's )NP *UNKC party )NP )PP (NP Friday )NP (S (VP *UNKED (PRT out )PRT (PP in (NP (NP *UNK feet )NP and (NP a *UNK *UNK )NP )NP )PP , (S (VP *UNKED (PP as (NP a `` *UNK duck )NP )PP )VP )S )VP )S )VP )VP )S )SBAR )VP )VP )S )VP . '' )S  STOP
(S (NP Mr. Phillips )NP (VP said (SBAR (S (NP (NP the company 's )NP expected margin improvement )NP (VP will (VP be (ADJP all but *UNK )ADJP , (PP given (SBAR that (S (NP (NP the company 's )NP profitability )NP (VP was (VP *UNKED (PRT down )PRT (NP this year )NP (PP by (NP (NP an expensive move )NP (PP to (NP *UNK , *UNKED new New York headquarters )NP )PP )NP )PP )VP )VP )S )SBAR )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP The move )NP , (VP *UNKED (PP at (NP (QP about $ 7 million )QP )NP )PP )VP , )NP (ADVP actually )ADVP (VP came (PRT in )PRT (PP at (NP (QP about $ 10 million )QP )NP )PP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S But (NP margins )NP (VP will (VP be (VP helped , (ADVP too )ADVP , (PP by (NP some other *UNKING steps )NP )PP )VP )VP )VP . )S  STOP
(S (NP Ogilvy )NP (VP (VP eliminated (NP the mail room staff )NP )VP , (VP closed (NP the executive *UNKING room )NP )VP and (VP , (PP after (NP the takeover )NP )PP , let (S (VP go )VP (NP (QP half a dozen )QP financial executives )NP )S )VP )VP . )S  STOP
(S (NP (NP WPP )NP , (SBAR (WHNP which )WHNP (S (VP assumes (NP (NP financial control )NP (PP of (NP its businesses )NP )PP )NP (PP in (NP a *UNK- way )NP )PP )VP )S )SBAR , )NP (VP (VP *UNKED (NP a new financial system )NP )VP and (VP plans (S (VP to (VP *UNK (NP (NP some *UNK )NP (PP in (NP (NP Ogilvy 's )NP new headquarters building )NP )PP )NP (PP to (NP outsiders )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP The fact (SBAR that (S (NP the agency )NP (VP will (ADVP now )ADVP (VP be (NP (NP part )NP (PP of (NP a U.K. company )NP )PP )NP , (PP under (NP British accounting rules )NP )PP , )VP )VP )S )SBAR )NP (VP will (ADVP also )ADVP (VP make (S (NP the profit picture )NP (VP look (ADJP better )ADJP )VP )S )VP )VP . )S  STOP
(S (NP (NP *UNKC 's )NP *UNKC )NP (VP *UNKC (ADVP *UNKC )ADVP )VP )S  STOP
(S (NP (NP Arthur *UNKC )NP , (NP (NP president )NP (PP of (NP (NP Young & Rubicam 's )NP New York office )NP )PP )NP , )NP (VP stepped (ADVP down )ADVP `` (ADVP temporarily )ADVP '' (PP in (NP (NP the wake )NP (PP of (NP (NP charges )NP (PP by (NP (NP a federal grand jury )NP (PP in (NP (NP New *UNKC )NP , (NP Conn. )NP )NP )PP )NP )PP , (SBAR that (S (NP (NP he )NP , (NP the agency )NP and (NP another top executive )NP )NP (VP *UNKED (NP *UNKC tourist officials )NP (S (VP to (VP win (NP its account )NP )VP )VP )S (PP in (NP 1981 )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP an internal *UNK )NP )PP , (NP (NP Alex *UNKC )NP , (NP (NP the agency 's )NP chairman )NP , )NP (VP said (SBAR (S (NP Mr. Klein )NP (VP decided (S (VP to (VP remove (NP himself )NP )VP )VP )S (S (S (VP to (VP *UNK (NP `` (NP negative reaction )NP '' (PP from (NP (NP prospective clients )NP and (NP others )NP )NP )PP )NP )VP )VP )S and (S (VP to (VP prepare (PP for (NP his defense )NP )PP )VP )VP )S )S )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP The fact (SBAR that (S (NP he )NP (VP is (PP in (NP (NP the process )NP (PP of (S (VP *UNKING (NP himself )NP (PP against (NP the present charges )NP )PP )VP )S )PP )NP )PP )VP )S )SBAR )NP (VP could (ADVP *UNKLY )ADVP (VP have (NP an adverse impact )NP (PP on (NP *UNKC )NP )PP )VP )VP )S , '' (NP Mr. *UNKC )NP (VP wrote )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP Mr. Klein )NP (VP will (VP return (PP to (NP his post )NP )PP (PP at (NP (NP the end )NP (PP of (NP (NP the trial )NP `` (SBAR (WHPP at (WHNP which )WHNP )WHPP (S (NP he )NP (VP will (VP be (VP *UNKED )VP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Mr. Klein )NP (VP will (VP work (PP with (NP Mr. *UNKC )NP )PP (PP on (NP (NP some )NP (PP of (NP (NP the agency 's )NP (NX (NX joint venture activities )NX and (NX acquisitions )NX )NX )NP )PP )NP )PP (SBAR while (S (NP the case )NP (VP is (ADJP pending )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Peter *UNKC )NP , (NP (NP president )NP (PP of (NP (NP *UNKC 's )NP ad operations )NP )PP )NP , )NP (VP will (VP assume (NP (NP Mr. Klein 's )NP day-to-day role )NP )VP )VP . )S  STOP
(NP (NP Wells Rich 's )NP New *UNKC )NP  STOP
(S (NP Wells , Rich , *UNKC )NP (VP named (NP *UNKC *UNKC )NP (PP as (NP an (NX (NX (NX executive vice president )NX )NX and (NX (NX creative partner )NX )NX (PP in (NP (NP its image group )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (PP on (NP fashion and (ADJP *UNKLY *UNKED )ADJP advertising )NP )PP )VP )S )SBAR )NP )PP )NX )NP )PP )VP . )S  STOP
(S (NP (NP Ms. *UNKC )NP , (NP 38 )NP , )NP (VP had (VP headed (PRT up )PRT (NP (NP Boston agency *UNKC )NP , (NP (NP a unit )NP (PP of (NP WCRS )NP )PP )NP )NP )VP )VP . )S  STOP
(S (S (NP The agency )NP , (PP with (NP (NP (QP about $ 35 million )QP )NP (PP in (NP *UNK )NP )PP )NP )PP , (VP will (VP be (VP *UNKED , (SBAR with (S (NP (NP some )NP (PP of (NP its staffers )NP )PP )NP (VP *UNKED (PP by (NP (NP (NP WCRS 's )NP Della Femina *UNKC unit )NP (PP in (NP Boston )NP )PP )NP )PP )VP )S )SBAR )VP )VP )VP )S , (NP Ms. *UNKC )NP (VP said )VP . )S  STOP
(S (NP She )NP (VP said (SBAR (S (NP it )NP (VP was (ADJP too early (S (VP to (VP say (SBAR (WHNP what )WHNP (S (VP would (VP happen (PP to (NP (NP its clients )NP , (PP including (NP Reebok and Apple )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S (PP At (NP Wells Rich )NP )PP , (NP Ms. *UNKC )NP (VP will (VP concentrate (PP on (NP (NP accounts )NP (SBAR (WHNP that )WHNP (S (VP include (NP (NP (NP Philip Morris 's )NP Benson & *UNKC cigarette brand )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (PP on (NP (NP print ads )NP , (NP (NP Ms. *UNKC 's )NP specialty )NP )NP )PP )VP )S )SBAR )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (SBAR As (S (ADVP previously )ADVP (VP reported )VP )S )SBAR , (NP the account )NP (VP is (ADJP troubled )ADJP , (PP with (S (NP Philip Morris )NP (VP asking (S (NP (NP Backer Spielvogel Bates )NP , (NP Ogilvy & Mather )NP , and (ADVP possibly )ADVP (NP others )NP )NP (VP to (VP try (NP their hand )NP (PP at (S (VP developing (NP new creative work )NP )VP )S )PP )VP )VP )S )VP )S )PP )VP . )S  STOP
(S (NP Wells Rich )NP (VP declined (S (VP to (VP comment (PP on (NP (NP the status )NP (PP of (NP the account )NP )PP )NP )PP )VP )VP )S , (SBAR as (SINV (VP did )VP (NP the other agencies )NP )SINV )SBAR )VP . )S  STOP
(S (NP *UNKC Industries Inc. )NP (VP said (SBAR (S (NP (NP holders )NP (PP of (NP (NP (ADJP (QP $ *UNKN )QP )ADJP face amount )NP (PP of (NP (NP its (ADJP (QP 6 1\/4 )QP % )ADJP convertible subordinated debentures )NP , (ADJP due (NP (NP March 15 )NP , (NP *UNKN )NP )NP )ADJP , )NP )PP )NP )PP )NP (VP have (VP elected (S (VP to (VP convert (NP the debt )NP (PP into (NP (QP about *UNKN )QP common shares )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The conversion price )NP (VP is (NP (NP $ *UNKN )NP (NP a share )NP )NP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP the holders )NP (VP represent (NP (NP 52 % )NP (PP of (NP (NP the face amount )NP (PP of (NP the debentures )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP sells (NP (NP a variety )NP (PP of (NP (NP hardware products )NP (PP for (NP the home repair market )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC & Co. )NP , (NP the (ADJP closely held )ADJP department store chain )NP , )NP (VP said (PP in (NP a financial filing )NP )PP (NP Friday )NP (SBAR that (S (NP (NP its sales )NP (PP for (NP (NP the fiscal fourth quarter )NP (VP ended (NP July 29 )NP )VP )NP )PP )NP (VP were (ADVP up (NP 10 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP )ADVP (PP against (NP (NP (QP $ *UNKN billion )QP )NP (ADVP (NP a year )NP earlier )ADVP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC store sales )NP (PP for (NP the quarter )NP )PP )NP (VP were (ADVP up (NP *UNKN % )NP )ADVP )VP . )S  STOP
(S (NP (NP The net loss )NP (PP for (NP the quarter )NP )PP )NP (VP was (NP (QP $ *UNKN million )QP )NP (PP against (NP (NP a year-earlier loss )NP (PP of (NP (QP $ 106 million )QP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The loss )NP (PP in (NP (NP the fourth quarter )NP (PP of (NP 1988 )NP )PP )NP )PP )NP (VP reflected (PP in (NP part )NP )PP (NP (NP (NP expenses )NP (PP for (NP (NP an unsuccessful bid )NP (PP for (NP Federated Department Stores Inc. )NP )PP )NP )PP )NP , (CONJP as well as )CONJP (NP (NP the restructuring )NP (PP of (NP (NP some )NP (PP of (NP its department store operations )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (PP For (NP the year )NP )PP , (NP sales )NP (VP were (ADVP up (NP *UNKN % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP )ADVP (PP compared (PP with (NP (NP (QP $ *UNKN billion )QP )NP (PP in (NP fiscal 1988 )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP (NP Sales )NP (PP for (NP both years )NP )PP )NP (VP reflect (NP (NP *UNK- *UNK )NP (PP for (NP (NP each year )NP (PP of (NP (NP I. *UNKC )NP , (NP *UNKC 's )NP , and (NP *UNKC *UNKC )NP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP acquired (NP those three businesses )NP (PP in (NP May 1988 )NP )PP )VP . )S  STOP
(S (PP On (NP a comparable store basis )NP )PP , (PP including (NP (NP the new acquisitions )NP (PP for (NP both years )NP )PP )NP )PP , (NP (NP sales )NP (PP for (NP fiscal 1989 )NP )PP )NP (VP were (ADVP up (NP 1.9 % )NP )ADVP )VP . )S  STOP
(S (NP Macy )NP (VP reported (NP (NP a net loss )NP (PP for (NP fiscal 1989 )NP )PP (PP of (NP (QP $ *UNKN million )QP )NP )PP (PP compared (PP with (NP (NP a net loss )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP (PP for (NP fiscal 1988 )NP )PP )NP )PP )NP )PP )PP )NP )VP . )S  STOP
(S (NP (NP (NP The company 's )NP earnings )NP (PP before (NP interest , taxes and depreciation )NP )PP , (SBAR (WHNP which )WHNP (S (NP bondholders )NP (VP use )VP )S )SBAR (NP (NP a *UNK )NP (PP of (NP (NP the chain 's )NP ability (S (VP to (VP pay (NP its existing debt )NP )VP )VP )S )NP )PP )NP , )NP (VP increased (NP 11 % )NP (PP in (NP fiscal 1989 )NP )PP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP The (ADJP (QP $ *UNKN million )QP )ADJP figures )NP (VP includes (NP the new acquisitions )NP )VP . )S  STOP
(S (PP Excluding (NP those businesses )NP )PP , (NP (NP earnings )NP (PP before (NP interest , taxes and depreciation )NP )PP (PP for (NP 1988 )NP )PP )NP (VP would (VP have (VP been (NP (QP $ *UNKN million )QP )NP )VP )VP )VP . )S  STOP
(S (PP As (PP of (NP Feb. 1 , 1990 )NP )PP )PP , (NP the *UNKC *UNKC stores )NP (VP will (VP operate (PP as (NP I. *UNKC stores )NP )PP )VP )VP . )S  STOP
(S (ADVP *UNKC )ADVP , (NP (NP Macy )NP and (NP its subsidiaries )NP )NP (VP own or lease (NP (NP *UNKN department stores )NP and (NP 61 specialty stores )NP )NP (ADVP nationwide )ADVP )VP . )S  STOP
(S (SBAR Although (S (NP management )NP (VP led (NP (NP a leveraged buy-out )NP (PP of (NP *UNKC Macy )NP )PP )NP (PP in (NP July 1986 )NP )PP )VP )S )SBAR , (NP the company )NP (ADVP still )ADVP (VP makes (NP financial filings )NP (PP because of (NP its (ADJP publicly traded )ADJP debt )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP estimates (NP its total debt )NP (PP at (NP (QP about $ 5.2 billion )QP )NP )PP )VP . )S  STOP
(S (NP This )NP (VP includes (NP (NP (NP (QP $ 4.6 billion )QP )NP (PP of (NP long-term debt )NP )PP )NP , (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP short-term debt )NP )PP )NP , and (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP (NP the current portion )NP (PP of (NP long-term debt )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (PP In (NP (NP a letter )NP (PP to (NP investors )NP )PP )NP )PP , (NP Chairman Edward S. *UNKC )NP (VP wrote (SBAR that (S (NP he )NP (VP expects (S (NP the company )NP (VP to `` (VP benefit (PP from (NP (NP some )NP (PP of (NP (NP the disruption )NP (VP faced (PP by (NP our competitors )NP )PP )VP )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (SBAR While (S (NP our competitors )NP (VP are (VP concerned (PP with (NP (NP their financial *UNK )NP and (NP possible ownership changes )NP )NP )PP )VP )VP )S )SBAR , (NP we )NP (VP will (VP be (VP *UNKING (PP on (S (VP buying and selling (NP (NP merchandise )NP (SBAR (S (NP our customers )NP (VP need and want )VP )S )SBAR )NP )VP )S )PP )VP )VP )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP is (ADVP apparently )ADVP (VP referring (PP to (NP (NP (NP (NP B. *UNKC )NP and (NP *UNKC *UNKC )NP )NP , (NP (NP two New York retailers )NP (SBAR (WHNP that )WHNP (S (VP have (ADVP recently )ADVP (VP filed (PP for (NP Chapter 11 bankruptcy protection )NP )PP )VP )VP )S )SBAR )NP )NP , (CONJP as well as )CONJP (NP (NP the retail chains )NP (VP owned (PP by (NP (ADJP financially troubled )ADJP Campeau Corp )NP )PP )VP )NP )NP )PP )VP )VP . )S  STOP
(S (NP Those chains )NP (VP include (NP (NP Bloomingdale 's )NP , (SBAR (WHNP which )WHNP (S (NP Campeau )NP (ADVP recently )ADVP (VP said (SBAR (S (NP it )NP (VP will (VP sell )VP )VP )S )SBAR )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Other retail properties )NP (PP for (NP sale )NP )PP )NP (VP include (NP (NP (NP Saks Fifth Avenue )NP and (NP Marshall Field )NP )NP , (NP (NP retailers )NP (VP (ADVP now )ADVP owned (PP by (NP (NP B.A.T PLC )NP , (NP the British tobacco conglomerate )NP )NP )PP )VP )NP )NP )VP . )S  STOP
(S (PP In (NP his letter )NP )PP , (NP Mr. *UNKC )NP (ADVP also )ADVP (VP referred (PP to (NP the recent San Francisco earthquake )NP )PP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP (VP flew (PP to (NP San Francisco )NP )PP (NP (NP the day )NP (PP after (NP the earthquake )NP )PP )NP )VP , and (VP found (SBAR that (S (NP (NP (QP 10 to 12 )QP )NP (PP of (NP (NP his company 's )NP stores )NP )PP )NP (VP had (VP sustained (NP some damage )NP , (PP including (NP (NP the *UNK )NP (PP of (NP most windows )NP )PP (PP at (NP (NP the I. *UNKC store )NP (PP on (NP Union Square )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(SINV `` (S (S (NP (NP The volume and profit impact )NP (PP on (NP our fiscal first quarter )NP )PP )NP (VP will not (VP be (ADJP positive )ADJP )VP )VP )S , but (S (S (VP looking (PP at (NP the whole fiscal year )NP )PP )VP )S , (NP we )NP (VP do n't (VP see (NP the effect )NP (PP as (NP material )NP )PP )VP )VP )S )S , '' (VP wrote )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S (NP RJR Nabisco Inc. )NP (VP said (SBAR (S (NP it )NP (VP agreed (S (VP to (VP sell (NP its *UNKC *UNKC , *UNKC and *UNKC *UNK businesses )NP (PP to (NP (NP Nestle S.A. 's )NP Nestle Foods unit )NP )PP (PP for (NP (QP $ *UNKN million )QP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The sale )NP , (PP at (NP (NP a higher price )NP (SBAR than (S (NP some analysts )NP (VP had (VP expected )VP )VP )S )SBAR )NP )PP , (VP (VP helps (S (NP the food and tobacco giant )NP (VP raise (NP (NP funds )NP (SBAR (S (VP to (VP pay (NP debt )NP )VP )VP )S )SBAR )NP )VP )S )VP and (VP *UNK (NP (NP (NP Nestle 's )NP (ADJP 7 % )ADJP share )NP (PP of (NP the U.S. *UNK market )NP )PP )NP (PP to (NP (QP about 12 )QP % )NP )PP )VP )VP . )S  STOP
(S (NP The candy businesses )NP (VP had (NP (NP sales )NP (PP of (NP (NP (QP about $ *UNKN million )QP )NP )NP )PP )NP (NP last year )NP , (SBAR (WHNP which )WHNP (S (VP was (NP (NP (QP roughly 12 )QP % )NP (PP of (NP (NP total revenue )NP (PP for (NP (NP RJR 's )NP *UNKC *UNKC unit )NP )PP )NP )PP )NP )VP )S )SBAR , (PP according (PP to (NP (NP a *UNK )NP (VP distributed (PP by (NP (NP (NP RJR 's )NP owner )NP , (NP *UNKC Kravis Roberts & Co. )NP )NP )PP , (PP to (NP bankers )NP )PP (NP last December )NP )VP )NP )PP )PP )VP . )S  STOP
(S (NP The Nestle acquisition )NP (VP includes (NP (NP a candy plant )NP (PP in (NP (NP Franklin Park )NP , (NP Ill. )NP )NP )PP , (SBAR (WHNP which )WHNP (S (VP employs (NP (QP about 800 )QP workers )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP The sale )NP , (SBAR (WHNP which )WHNP (S (VP had (VP been (VP expected )VP )VP )VP )S )SBAR , )NP (VP is (NP (NP part )NP (PP of (NP (NP (NP KKR 's )NP program )NP (SBAR (S (VP to (VP pay (PRT down )PRT (NP (NP (QP $ 5 billion )QP )NP (PP of (NP a (ADJP (QP $ 6 billion )QP )ADJP bridge loan )NP )PP )NP (PP by (NP February )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP (QP *UNKLY $ 2 billion )QP )NP (PP of (NP that debt )NP )PP )NP (VP has (ADVP already )ADVP (VP been (VP repaid (PP from (NP previous asset sales )NP )PP )VP )VP )VP )S , and (S (NP RJR )NP (VP expects (S (VP to (VP use (NP (NP another (QP $ 2 billion )QP )NP (PP from (NP (NP the pending , two-part sale )NP (PP of (NP (NP most )NP (PP of (NP its *UNKC *UNKC unit )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )VP )S . )S  STOP
(S (NP That sale )NP , (ADVP however )ADVP , (VP could (ADVP still )ADVP (VP fall (ADVP through )ADVP (SBAR if (S (NP financing problems )NP (VP develop )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP Thus )ADVP , (NP (NP it )NP )NP (VP remains (ADJP crucial )ADJP (SBAR for (S (NP RJR )NP (VP to (VP obtain (NP top dollar )NP (PP for (NP (NP its smaller assets )NP (PP like (NP the candy brands )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Louis *UNKC Jr. )NP , (NP (NP (NP chairman )NP )NP and (NP (NP chief executive officer )NP )NP (PP of (NP (ADJP New York-based )ADJP RJR )NP )PP )NP , )NP (VP called (S (NP the sale )NP (NP (NP (NP a `` significant step '' )NP (PP in (NP (NP the company 's )NP *UNK program )NP )PP )NP , (CONJP as well as )CONJP (NP a `` a strategic *UNK )NP )NP )S )VP . '' )S  STOP
(S (SBAR Since (S (NP KKR )NP (VP bought (NP RJR )NP (PP in (NP February )NP )PP (PP for (NP (NP (QP $ 25 billion )QP )NP (PP of (NP debt )NP )PP )NP )PP )VP )S )SBAR , (NP it )NP (VP has (VP agreed (S (VP to (VP sell (NP (NP (QP nearly $ 5 billion )QP )NP (PP of (NP RJR assets )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP RJR 's )NP executives )NP (VP have (VP said (SBAR (S (NP they )NP (VP will (VP *UNK (PP with (NP (NP certain brands )NP , (PP in (ADJP particular )ADJP )PP , (SBAR (WHNP that )WHNP (S (VP are n't (NP leaders )NP (PP in (NP their markets )NP )PP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S `` (S (NP (NP RJR Nabisco )NP and (NP *UNKC *UNKC )NP )NP (VP will (VP concentrate (ADVP more )ADVP (PP on (NP our own core businesses )NP )PP )VP )VP )S , '' (NP Mr. *UNKC )NP (VP said (NP Friday )NP )VP . )S  STOP
(S (S (NP (NP *UNKC *UNKC )NP and (NP *UNKC )NP )NP (VP are both (PP among (NP (NP the *UNKING 15 *UNK *UNK )NP (PP in (NP the U.S. )NP )PP )NP )PP )VP )S , but (S (NP (NP (NP RJR 's )NP overall share )NP (PP of (NP the (ADJP (QP roughly $ *UNKN billion )QP )ADJP market )NP )PP )NP (VP is (NP (QP less than 5 )QP % )NP )VP )S . )S  STOP
(S (NP (NP (NP Nestle 's )NP share )NP (PP of (NP 7 % )NP )PP (PP before (NP (NP Friday 's )NP purchases )NP )PP )NP (VP is (PP (ADVP far )ADVP below (NP (NP the shares )NP (PP of (NP (NP market leaders *UNKC Foods Corp. and *UNKC Inc. )NP , (SBAR (WHNP which )WHNP (S (VP have (NP (NP (QP about 40 % and 36 % )QP )NP (PP of (NP the market )NP )PP )NP , (ADVP respectively )ADVP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(SINV `` (S (NP This )NP (VP means (SBAR (S (NP Nestle )NP (VP is (ADVP now )ADVP (PP in (NP the *UNK business )NP )PP (PP in (NP a big way )NP )PP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP publisher )NP (PP of (NP (ADJP *UNKC , *UNKED )ADJP *UNKC Magazine )NP )PP )NP )NP . )SINV  STOP
(S `` (PP For (NP them )NP )PP , (NP it )NP (VP makes (NP (NP all kinds )NP (PP of (NP sense )NP )PP )NP )VP . )S  STOP
(S (NP They )NP (VP 've (VP been (VP given (NP (NP a *UNK )NP (PP from (NP Switzerland )NP )PP '' (S (VP to (VP expand (NP their U.S. *UNK operations )NP )VP )VP )S )NP )VP )VP )VP . )S  STOP
(S (NP Nestle S.A. )NP (VP is (VP based (PP in (NP (NP *UNKC )NP , (NP Switzerland )NP )NP )PP )VP )VP . )S  STOP
(SINV (S (NP The new candy *UNK )NP , `` (VP make (NP (NP an important contribution )NP (PP to (NP (NP our Nestle Foods commitment )NP (PP to (NP this (ADJP very important )ADJP strategic unit )NP )PP )NP )PP )NP )VP )S , '' (VP said )VP (NP (NP C. Alan *UNKC )NP , (NP (NP president )NP (PP of (NP (NP Nestle Foods )NP (PP in (NP (NP *UNKC )NP , (NP *UNKC )NP )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP Aetna Life & Casualty Co. 's )NP third-quarter net income )NP (VP fell (NP 22 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP , (S (VP reflecting (NP (NP (NP the damages )NP (PP from (NP Hurricane Hugo )NP )PP )NP and (NP (NP lower results )NP (PP for (NP (NP some )NP (PP of (NP (NP the company 's )NP major divisions )NP )PP )NP )PP )NP )NP )VP )S )VP . )S  STOP
(S (NP *UNKC losses )NP (VP reduced (NP (NP Aetna 's )NP net income )NP (PP by (NP (NP (QP $ 50 million )QP )NP , (PP including (NP (NP (QP $ 36 million )QP )NP (PP from (NP Hugo )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Last year )NP (NP *UNK losses )NP (VP totaled (NP (QP $ 5 million )QP )NP , (SBAR (WHADVP when )WHADVP (S (NP net )NP (VP was (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The year-earlier results )NP (VP have (VP been (VP restated (S (VP to (VP reflect (NP an accounting change )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP The insurer )NP (VP has (VP started (S (VP processing (NP (NP claims )NP (PP from (NP the Northern California earthquake )NP )PP )NP )VP )S (ADVP (NP (QP nearly two )QP weeks )NP ago )ADVP )VP )VP . )S  STOP
(S But (SBAR because (S (NP these claims )NP (VP (VP are (ADJP more difficult (S (VP to (VP evaluate )VP )VP )S )ADJP )VP and (VP have (VP been (VP coming (ADVP in )ADVP (ADVP more slowly )ADVP )VP )VP )VP )VP )S )SBAR , (NP the company )NP (VP has (NP (NP no estimate )NP (PP of (NP (NP the impact )NP (PP of (NP the earthquake )NP )PP (PP on (NP fourth-quarter results )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP (NP Friday )NP , (NP Aetna )NP (VP closed (PP at (NP $ 60 )NP )PP , (ADVP down (NP 50 cents )NP )ADVP )VP . )S  STOP
(S (PP In (NP the latest quarter )NP )PP , (NP Aetna )NP (VP had (NP a (ADJP (QP $ 23 million )QP )ADJP loss )NP (PP on (NP its *UNK line )NP )PP , (PP compared (PP with (NP (NP earnings )NP (PP of (NP (QP $ 33 million )QP )NP )PP (NP last year )NP )NP )PP )PP )VP . )S  STOP
(S (NP (NP Profit )NP (PP for (NP its commercial insurance division )NP )PP )NP (VP fell (NP 30 % )NP (PP to (NP (QP $ 59 million )QP )NP )PP , (S (VP reflecting (NP (NP higher catastrophe losses )NP and (NP (NP the price war )NP (PP in (NP the *UNK market )NP )PP (PP for (NP (QP nearly three )QP years )NP )PP )NP )NP )VP )S )VP . )S  STOP
(S (ADVP However )ADVP , (NP (NP (NP Aetna 's )NP employee benefits division )NP , (SBAR (WHNP which )WHNP (S (VP includes (NP its group health insurance operations )NP )VP )S )SBAR , )NP (VP posted (NP (NP a (ADJP 34 % )ADJP profit gain )NP (PP to (NP (QP $ 106 million )QP )NP )PP )NP )VP . )S  STOP
(S (NP Third-quarter results )NP (VP included (NP (NP net realized capital gains )NP (PP of (NP (NP (QP $ 48 million )QP )NP , (SBAR (WHNP which )WHNP (S (VP included (NP (NP (NP (QP $ 27 million )QP )NP (PP from (NP (NP the sale )NP (PP of (NP Federated Investors )NP )PP (PP in (NP August )NP )PP )NP )PP )NP and (NP a (ADJP (QP $ 15 million )QP )ADJP tax credit )NP )NP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (PP In (NP the nine months )NP )PP , (NP net )NP (VP rose (NP 4.3 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP , (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (NP last year )NP )PP )VP . )S  STOP
(SINV (PP *UNKC (PP of (NP (NP the *UNK )NP (PP of (NP *UNK )NP )PP )NP )PP )PP (VP are (VP coming )VP )VP (NP (NP words )NP (PP of (NP *UNK )NP )PP )NP . )SINV  STOP
(SINV (ADVP Here )ADVP , (PP at (NP (NP a *UNK stadium )NP (PP near (NP (NP the black *UNK )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP )PP (NP yesterday )NP , (VP were )VP (NP (NP eight leaders )NP (PP of (NP the African National Congress )NP )PP , (SBAR (WHNP (NP seven )NP (WHPP of (WHNP whom )WHNP )WHPP )WHNP (S (VP had (VP spent (NP (NP most )NP (PP of (NP their *UNK lives )NP )PP )NP (PP in (NP prison )NP )PP (PP for (NP (NP *UNK )NP and (NP conspiracy (S (VP to (VP *UNK (NP the government )NP )VP )VP )S )NP )NP )PP )VP )VP )S )SBAR )NP . )SINV  STOP
(SINV (ADVP Here )ADVP (VP were )VP (NP (NP (NP (QP more than *UNKN )QP ANC supporters )NP , (VP gathering (PP for (NP (NP the first ANC rally )NP (PP inside (NP South Africa )NP )PP (SBAR since (S (NP the black *UNK movement )NP (VP was (VP banned (PP in (NP *UNKN )NP )PP )VP )VP )S )SBAR )NP )PP )VP )NP )NP . )SINV  STOP
(SINV (ADVP Here )ADVP (VP was )VP (NP (NP the state security *UNK )NP (VP *UNKED (S (VP to (VP *UNK (PP on (NP (NP any words or acts )NP (PP of (NP (NP *UNK )NP , (ADVP let alone )ADVP (NP revolution )NP )NP )PP )NP )PP )VP )VP )S )VP )NP . )SINV  STOP
(S But (NP (NP the words )NP (SBAR (WHNP that )WHNP (S (VP *UNKED (PP over (NP the *UNK )NP )PP )VP )S )SBAR )NP (VP *UNK (NP (NP messages )NP (PP of (NP peace , *UNK , *UNK and discipline )NP )PP )NP )VP . )S  STOP
(SINV `` (S (S (NP We )NP (VP stand (PP for (NP peace )NP )PP (NP today )NP )VP )S and (S (NP we )NP (VP will (VP stand (PP for (NP peace )NP )PP (NP tomorrow )NP )VP )VP )S )S , '' (VP said )VP (NP (NP (NP Walter *UNKC )NP , (NP (NP the ANC 's )NP former secretary general )NP )NP (SBAR (WHNP who )WHNP , (S (PP along (PP with (NP (NP five )NP (PP of (NP his colleagues )NP )PP )NP )PP )PP , (VP served (NP 26 years )NP (PP in (NP prison )NP )PP (PP before (S (VP being (VP released (ADVP (NP two weeks )NP ago )ADVP )VP )VP )S )PP )VP )S )SBAR )NP . )SINV  STOP
(S (NP (NP Some members )NP (PP of (NP the huge crowd )NP )PP )NP (VP *UNKED `` (X *UNKC peace , *UNK )X )VP . '' )S  STOP
(S (NP These )NP (VP are (NP (NP *UNK times )NP (PP in (NP (ADJP South African )ADJP politics )NP )PP )NP )VP . )S  STOP
(S (NP (NP (NP The government )NP and (NP the ANC )NP )NP , (NP (NP the *UNK )NP (PP of (NP enemies )NP )PP )NP , )NP (VP are (VP engaged (PP in (NP (NP an elaborate *UNKING dance )NP (VP designed (S (VP to (VP *UNK (NP each other )NP (PP to (NP the negotiating table )NP )PP )VP )VP )S )VP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP (VP *UNK (NP (NP the ANC leaders )NP , (SBAR (WHNP (NP most )NP (WHPP of (WHNP whom )WHNP )WHPP )WHNP (S (VP were (VP serving (NP life sentences )NP )VP )VP )S )SBAR )NP )VP , and (VP allows (S (NP them )NP (VP to (VP speak (ADVP *UNKLY )ADVP )VP )VP )S )VP , (S (VP hoping (SBAR that (S (NP the ANC )NP (VP will (VP abandon (NP (NP its use )NP (PP of (NP violence )NP )PP )NP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP The ANC leaders )NP (VP speak (PP in (NP (NP *UNK )NP (PP of (NP *UNK )NP )PP )NP )PP , (S (VP *UNKING (NP discipline )NP )VP )S , (S (VP hoping (SBAR (S (NP the government )NP (VP will (VP be (VP encouraged (S (VP to (VP take (NP (NP further steps )NP , (PP such as (NP (S (VP (VP *UNKING (NP (NP Nelson *UNKC )NP , (NP the (ADJP most prominent )ADJP ANC figure )NP )NP )VP , and (VP *UNKING (NP the organization )NP )VP )VP )S )NP )PP )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP (NP The government )NP (PP of (NP President *UNKC de *UNKC )NP )PP )NP (VP is (VP using (NP this situation )NP (S (VP to (VP (VP improve (NP its international image )NP )VP and (VP head (PRT off )PRT (NP further economic sanctions )NP )VP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP the many organizations )NP (PP inside (NP the country )NP )PP (SBAR (WHNP that )WHNP (S (VP back (NP the ANC )NP )VP )S )SBAR )NP (VP are (VP taking (NP the opportunity (S (VP to (VP (VP regain (NP their strength )NP )VP and (VP *UNK (NP their supporters )NP )VP )VP )VP )S )NP (SBAR even though (S (NP (NP the state )NP (PP of (NP emergency )NP )PP , (SBAR (WHNP which )WHNP (S (VP has (VP (ADVP severely )ADVP *UNKED (NP black opposition )NP )VP )VP )S )SBAR , )NP (VP remains (PP in (NP force )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The result )NP (VP is (SBAR that (S (NP the (ADJP *UNK and *UNK )ADJP )NP (VP are (VP happening )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP (NP *UNKC months )NP ago )ADVP , (NP (NP government approval )NP (PP for (NP an ANC rally )NP )PP )NP (VP was (ADJP *UNK )ADJP )VP . )S  STOP
(SINV (ADJP *UNKLY *UNK )ADJP (VP is )VP (SBAR that (S (NP (NP the ANC )NP , (PP given (NP the chance (S (VP to (VP hold (NP a rally )NP )VP )VP )S )NP )PP , )NP (VP would (VP extend (NP a hand )NP , (SBAR *UNK (FRAG (ADVP *UNKLY )ADVP )FRAG )SBAR , (PP to (NP the government )NP )PP )VP )VP )S )SBAR . )SINV  STOP
(S (PP In (NP (NP a message )NP (VP read (PRT out )PRT (PP at (NP the rally )NP )PP )VP )NP )PP , (NP (NP *UNKED ANC President Oliver *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP ca n't (VP (ADVP *UNKLY )ADVP be (VP quoted (PP in (NP South Africa )NP )PP )VP )VP )VP )S )SBAR , )NP (VP said (SBAR (SBAR (S (NP the country )NP (VP was (PP at (NP a *UNK )NP )PP )VP )S )SBAR and (SBAR that (S (NP Mr. de *UNKC )NP `` (VP may (ADVP yet )ADVP (VP earn (NP (NP a place )NP (PP among (NP (NP the *UNK )NP (PP of (NP our country )NP )PP )NP )PP )NP '' (SBAR if (S (NP he )NP (VP *UNK (NP (NP a `` path )NP (PP of (NP genuine political settlement )NP )PP )NP )VP )S )SBAR )VP )VP )S )SBAR )SBAR )VP . '' )S  STOP
(S (INTJ Still )INTJ , (NP this )NP (VP does n't (VP mean (SBAR (SBAR that (S (NP either (NP the government )NP or (NP the ANC )NP )NP (VP is (VP changing (NP *UNK )NP )VP )VP )S )SBAR -- or (SBAR that (S (NP either )NP (VP has (VP moved (ADVP significantly closer (PP to (NP the other )NP )PP )ADVP )VP )VP )S )SBAR )SBAR )VP )VP . )S  STOP
(S (S (NP The government )NP (VP may (VP ease (NP *UNK )NP (PP in (NP some areas )NP )PP )VP )VP )S , but (S (NP it )NP (ADVP still )ADVP (VP keeps (NP a tight grip )NP (PP in (NP others )NP )PP )VP )S . )S  STOP
(S (PP For (NP instance )NP )PP , (S (NP it )NP (VP releases (NP Mr. *UNKC )NP (PP without (NP conditions )NP )PP )VP )S , yet (S (NP (NP his son )NP , (NP *UNKC )NP , (NP a newspaper editor )NP , )NP (VP is (VP restricted (PP to (NP his home )NP )PP (NP (NP much )NP (PP of (NP the day )NP )PP )NP )VP and (VP is n't (VP allowed (S (VP to (VP work (PP as (NP a *UNK )NP )PP )VP )VP )S )VP )VP )VP )S . )S  STOP
(S (NP The ANC )NP (VP *UNK (S (VP to (VP keep (PRT up )PRT (NP pressure )NP (PP on (NP the government )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (NP yesterday )NP (VP (VP called (PP on (NP foreign governments )NP )PP (S (VP to (VP increase (NP (NP sanctions )NP (PP against (NP *UNKC )NP )PP )NP )VP )VP )S )VP and (VP urged (NP (NP supporters )NP (PP inside (NP the country )NP )PP )NP (S (VP to (VP continue (S (VP *UNKING (NP (NP emergency restrictions )NP and (NP (NP racial *UNK )NP , (VP known (PP as (NP apartheid )NP )PP )VP )NP )NP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S `` (S (NP We )NP (VP can not (VP wait (PP on (NP the government )NP )PP (S (VP to (VP make (NP changes )NP (PP at (NP its own pace )NP )PP )VP )VP )S )VP )VP )S , '' (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (SBAR Because (S (NP the ANC )NP (VP remains (VP banned )VP )VP )S )SBAR , (NP both (NP (NP the government )NP , (SBAR (WHNP which )WHNP (S (VP approved (NP the rally )NP )VP )S )SBAR )NP , and (NP (NP the *UNK )NP , (SBAR (WHNP who )WHNP (S (VP *UNKED (NP it )NP )VP )S )SBAR )NP , )NP (VP denied (SBAR (S (NP it )NP (VP was (NP an ANC rally )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP They )NP (NP both )NP )NP (VP called (S (NP it )NP (NP a `` welcome home '' gathering )NP )S )VP . )S  STOP
(S (ADVP Nevertheless )ADVP , (NP (NP an ANC rally )NP (PP by (NP any other name )NP )PP )NP (VP is (ADVP still )ADVP (NP an ANC rally )NP )VP . )S  STOP
(S (NP The (ADJP recently released )ADJP leaders )NP (VP sat (PP (ADVP high )ADVP *UNK (NP a *UNK )NP )PP (PP in (NP (NP one section )NP (PP of (NP the stadium stands )NP )PP )NP )PP )VP . )S  STOP
(SINV (PP *UNKC (NP them )NP )PP (VP was )VP (NP (NP a huge ANC flag )NP and (NP (NP an (ADJP even bigger )ADJP sign )NP (SBAR (WHNP that )WHNP (S (VP said `` (S (S (NP ANC )NP (VP *UNKC )VP )S , (S (NP ANC )NP (VP *UNKC )VP )S )S )VP )S )SBAR )NP )NP . '' )SINV  STOP
(SINV (PP Next (PP to (NP them )NP )PP )PP (VP was )VP (NP (NP the red flag )NP (PP of (NP (NP the *UNKED South African Communist Party )NP , (SBAR (WHNP which )WHNP (S (VP has (ADVP long )ADVP (VP been (NP an ANC ally )NP )VP )VP )S )SBAR )NP )PP )NP . )SINV  STOP
(S (PP In (NP the stands )NP )PP , (NP people )NP (VP (VP *UNKED (NP ANC *UNK )NP )VP , (VP *UNK (NP ANC *UNKC )NP )VP , (VP *UNK (NP ANC *UNK )NP )VP and (VP *UNKED (NP ANC *UNK )NP )VP )VP . )S  STOP
(S `` (NP Today )NP (PRN , '' (SINV (VP said )VP (NP Mr. *UNKC )NP )SINV , )PRN `` (NP the ANC )NP (VP has (VP captured (NP (NP the center stage )NP (PP of (NP (NP political life )NP (PP in (NP South Africa )NP )PP )NP )PP )NP )VP )VP . '' )S  STOP
(S (SBAR As (S (NP a police helicopter )NP (VP *UNKED (ADVP overhead )ADVP )VP )S )SBAR , (NP Mr. Sisulu )NP (VP repeated (NP (NP (NP (NP the ANC 's )NP demands )NP (PP on (NP the government )NP )PP (S (VP to (VP create (NP (NP a climate )NP (PP for (NP negotiations )NP )PP )NP )VP )VP )S )NP : (S (S (VP *UNKC (NP all political *UNK )NP (ADVP *UNKLY )ADVP )VP )S ; (S (VP lift (NP (NP all *UNK and restrictions )NP (PP on (NP individuals and organizations )NP )PP )NP )VP )S ; (S (VP remove (NP all troops )NP (PP from (NP the black *UNK )NP )PP )VP )S ; (S (VP end (NP (NP the state )NP (PP of (NP emergency )NP )PP )NP )VP )S , and (S (VP *UNK (NP all (NX (NX political *UNK )NX and (NX political *UNK )NX )NX )NP )VP )S )S )NP )VP . )S  STOP
(S (SBAR If (S (NP these conditions )NP (VP are (VP met )VP )VP )S )SBAR (PRN , (NP he )NP (VP said )VP , )PRN (NP the ANC )NP (VP would (VP be (VP prepared (S (VP to (VP discuss (S (VP *UNKING (NP its *UNK activities )NP )VP )S )VP )VP )S )VP )VP )VP . )S  STOP
(S `` (S (NP There )NP (VP can (VP be (NP (NP no question )NP (PP of (S (NP us )NP (VP (ADVP *UNKLY )ADVP *UNKING (NP the *UNKED struggle )NP )VP )S )PP )NP )VP )VP )S , '' (NP he )NP (VP said )VP . `` )S  STOP
(S (PP To (NP date )NP )PP , (NP we )NP (VP see (NP no clear indication (SBAR that (S (NP the government )NP (VP is (ADJP serious (PP about (NP negotiations )NP )PP )ADJP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP All their *UNK )NP (VP are (ADJP *UNK )ADJP )VP . '' )S  STOP
(S (S (VP *UNKING (NP (NP a *UNK )NP (PP from (NP Mr. de *UNKC )NP )PP )NP )VP )S , (NP Mr. Sisulu )NP (VP said , `` (S (VP Let (S (NP (NP all )NP (PP of (NP us )NP )PP (SBAR (WHNP who )WHNP (S (VP love (NP this country )NP )VP )S )SBAR )NP (VP engage (PP in (NP (NP the task )NP (PP of (S (VP building (NP a new South Africa )NP )VP )S )PP )NP )PP )VP )S )VP )S )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP Westinghouse Electric Corp. )NP (VP *UNKED (NP (NP its massive steam *UNK plant )NP (PP in (NP (NP *UNKC )NP , (NP Pa. )NP , )NP )PP )NP (ADVP (NP three years )NP ago )ADVP )VP )S )SBAR , (NP it )NP (VP seemed (SBAR like (S (NP the company )NP (VP had (VP pulled (NP the *UNK )NP (PP on (NP its *UNK- power generation business )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S But (ADVP now )ADVP (NP Westinghouse )NP (VP (VP is (VP *UNKING (NP (NP a *UNK )NP (PP in (NP (NP demand )NP (PP for (NP both steam and *UNK *UNK )NP )PP )NP )PP )NP )VP )VP and (VP may (ADVP even )ADVP (VP join (NP (NP the growing *UNK )NP (PP of (NP independent electric producers )NP )PP )NP )VP )VP )VP . )S  STOP
(S And (PP with (NP (NP its new venture )NP (PP with (NP (NP Japan 's )NP Mitsubishi Heavy Industries Ltd. )NP )PP , (VP announced (NP last week )NP )VP , )NP )PP (NP it )NP (VP is (VP *UNKED (S (VP to (VP *UNK (NP (NP growing markets )NP (ADVP overseas )ADVP )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP For (NP (NP the first time )NP (PP since (NP the *UNK- )NP )PP )NP )PP , (NP Westinghouse )NP (NP this year )NP (VP has (VP seen (NP (NP a significant increase )NP (PP in (NP (NP orders )NP (PP for (NP power plants )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP Most )NP (VP are (PP from (NP (NP independent producers )NP (CONJP instead of )CONJP (NP *UNKED utilities )NP )NP )PP )VP )S , and (S (NP Westinghouse )NP (VP believes (SBAR (S (NP it )NP (VP will (VP ride (NP (NP a wave )NP (PP of (NP demand )NP )PP (VP *UNKING (PP over (NP the next six years )NP )PP )VP )NP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP Analysts )NP (VP agree , (S (VP predicting (SBAR that (S (NP the *UNKED market )NP (VP could (VP (ADVP significantly )ADVP boost (NP (NP Westinghouse 's )NP bottom line )NP (PP in (NP coming years )NP )PP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(SINV `` (S (NP (NP Westinghouse 's )NP earnings )NP (VP could (VP be (VP (ADVP *UNKLY )ADVP enhanced (UCP (PP in (NP the *UNK- )NP )PP or (ADVP sooner )ADVP )UCP )VP )VP )VP )S , '' (VP says )VP (NP (NP Russell L. *UNKC )NP , (PP of (NP Salomon Brothers Inc )NP )PP )NP . )SINV  STOP
(S (NP The company )NP (VP expects (NP (NP a need )NP (PP for (NP (NP *UNKN *UNK )NP (PP of (NP new generation )NP )PP )NP )PP (PP in (NP the U.S. )NP )PP (PP over (NP the next decade )NP )PP )NP )VP . )S  STOP
(S (ADVP Already )ADVP (NP this year )NP , (NP it )NP (VP has (VP received (NP (NP (NP (NP orders )NP (PP for (NP four *UNK- advanced *UNK *UNK )NP )PP (PP from (NP Florida Power & *UNKC Co. )NP )PP )NP and (NP (PP for (NP two *UNK- plants )NP )PP (PP from (NP *UNKC Energy Corp. )NP )PP )NP )NP , (PP among (NP others )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP (NP Westinghouse 's )NP own role )NP (PP as (NP a supplier )NP )PP )NP (ADVP also )ADVP (VP is (VP changing )VP )VP . )S  STOP
(S (PP In (NP the past )NP )PP , (NP the company )NP (ADVP usually )ADVP (VP took (NP (NP *UNK equity positions )NP (PP in (NP (NP power plants )NP (SBAR (S (NP it )NP (VP *UNKED (PP as (NP a `` *UNK '' )NP )PP (S (VP to (VP close (NP deals )NP )VP )VP )S )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S But (NP (NP last June 's )NP *UNK (SBAR that (S (NP Westinghouse )NP (VP would (VP put (PRT up )PRT (NP (NP all )NP (PP of (NP the (QP $ 70 million )QP )NP )PP (SBAR (S (VP to (VP build (NP a new *UNK- plant )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP (VP could (VP *UNK (NP a new age )NP )VP )VP . )S  STOP
(S (NP (NP Westinghouse 's )NP plant )NP (VP will (VP (VP provide (NP electrical power )NP (PP to (NP the Southern California Edison Co. )NP )PP )VP and (VP (NP (NP *UNK power )NP and (NP steam )NP )NP (PP to (NP the U.S. *UNKC & Chemical Co )NP )PP )VP )VP )VP . )S  STOP
(SINV `` (S (S (NP We )NP (VP have n't (VP decided (PP on (NP a strategy )NP )PP (ADVP yet )ADVP )VP )VP )S , but (S (NP we )NP (VP could (VP become (NP an independent producer )NP (PP depending (PP on (SBAR whether (S (NP we )NP (VP 're (NP (NP the developer )NP or (NP just the supplier )NP )NP )VP )S )SBAR )PP )PP )VP )VP )S )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP executive vice president )NP (PP of (NP (NP the company 's )NP energy and utility systems group )NP )PP )NP )NP . )SINV  STOP
(S (PP At (NP the same time )NP )PP , (NP Westinghouse )NP (VP hopes (SBAR (S (NP (NP its venture )NP (PP with (NP Mitsubishi )NP )PP )NP (VP will (VP help (S (VP fend (PRT off )PRT (NP (NP growing competition )NP (PRN , (PP (ADVP particularly )ADVP in (NP the U.S. )NP )PP , )PRN (PP from (NP (NP such European competitors )NP (PP as (NP (NP *UNKC Brown *UNKC AG )NP , (NP *UNKC AG )NP , and (NP British General Electric Co )NP )NP )PP )NP )PP )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Under (NP the agreement )NP )PP , (NP Westinghouse )NP (VP will (VP be (ADJP able (S (VP to (VP (VP purchase (NP smaller *UNK *UNK )NP (PP from (NP its Japanese partner )NP )PP )VP , and (VP package and sell (NP them )NP (PP with (NP its own (NX (NX *UNK )NX and (NX other equipment )NX )NX )NP )PP )VP )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (NP Westinghouse )NP (ADVP also )ADVP (VP (ADVP jointly )ADVP will (VP bid (PP on (NP projects )NP )PP (PP with (NP *UNKC )NP )PP , (S (VP giving (NP it )NP (NP an edge (PP in (NP developing Asian markets )NP )PP )NP )VP )S )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP the two companies )NP (VP will (VP (VP develop (NP (NP new steam *UNK technology )NP , (PP such as (NP (NP the plants )NP (VP ordered (PP by (NP Florida Power )NP )PP )VP )NP )PP )NP )VP , and (ADVP even )ADVP (VP *UNK (NP (NP each other 's )NP plants )NP (PP at (NP times )NP )PP (S (VP to (VP take (NP advantage )NP (PP of (NP currency *UNK )NP )PP )VP )VP )S )VP )VP )VP . )S  STOP
(S `` (S (SBAR Even though (S (NP we )NP (VP 'll (ADVP still )ADVP (VP compete (PP against (NP Mitsubishi )NP )PP )VP )VP )S )SBAR , (S (NP we )NP (VP can (ADVP also )ADVP (VP work (ADVP jointly )ADVP (PP on (NP some projects )NP )PP )VP )VP )S , and (S (NP we )NP (VP 'll (VP gain (NP (NP a lot )NP (PP of (NP *UNKING flexibility )NP )PP )NP )VP )VP )S )S , '' (NP Mr. *UNKC )NP (VP contends )VP . )S  STOP
(S (NP The *UNKC venture )NP (VP was (VP designed (PP as (NP a *UNK- transaction )NP )PP , (PP *UNKING (NP any possible antitrust concerns )NP )PP )VP )VP . )S  STOP
(S (NP Westinghouse )NP (VP (ADVP carefully )ADVP *UNKED (NP the agreement )NP (SBAR because (S (NP the Justice Department )NP (NP earlier this year )NP (VP (ADVP successfully )ADVP challenged (NP (NP a proposed steam *UNK joint venture )NP (PP with (NP *UNKC Brown *UNKC )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP is (VP expected (SBAR that (S (NP (NP the current surge )NP (PP in (NP (NP demand )NP (PP for (NP new power )NP )PP )NP )PP )NP (VP will (VP be (VP filled (PP (ADVP primarily )ADVP by (NP (NP independent producers )NP (SBAR (WHNP which )WHNP , (S (PP unlike (NP utilities )NP )PP , (VP (VP are n't (VP *UNKED )VP )VP and (VP (ADVP therefore )ADVP do n't (VP need (NP government approval )NP (S (VP to (VP *UNK (NP new plants )NP )VP )VP )S )VP )VP )VP )S )SBAR )NP )PP )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Westinghouse )NP (VP expects (S (NP (NP (QP about half )QP )NP (PP of (NP (NP its new orders )NP (PP for (NP *UNK )NP )PP )NP )PP )NP (VP to (VP come (PP from (NP independent producers )NP )PP (PP for (NP (QP at least the next six )QP years )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP Despite (NP (NP *UNK )NP (PP of (NP (NP the company 's )NP *UNKC and East Pittsburgh plants )NP )PP )NP )PP , (NP the company )NP (VP believes (SBAR (S (NP it )NP (VP has (NP (NP sufficient capacity )NP (SBAR (S (VP to (VP meet (NP near-term demand )NP (PP with (NP (NP its (ADJP (ADJP much smaller )ADJP and (ADJP more efficient )ADJP )ADJP manufacturing facilities )NP (PP in (NP North Carolina )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Still )ADVP , (NP Westinghouse )NP (VP acknowledges (SBAR that (S (NP (NP demand )NP (PP from (NP independent producers )NP )PP )NP (VP could (VP *UNK (SBAR (SBAR if (S (NP (NP prices )NP (PP for (NP (NP fuel )NP (PP such as (NP (NP natural gas )NP or (NP oil )NP )NP )PP )NP )PP )NP (VP rise (ADVP sharply )ADVP )VP )S )SBAR or (SBAR if (S (NP (NP utilities )NP , (SBAR (WHNP which )WHNP (S (VP have (VP been (VP *UNKED (PP by (NP regulators )NP )PP (S (VP to (VP keep (S (ADJP down )ADJP (NP rates )NP )S )VP )VP )S )VP )VP )VP )S )SBAR , )NP (VP are (ADVP suddenly )ADVP (VP *UNKED (S (VP to (VP add (NP significant *UNKING capacity )NP )VP )VP )S )VP )VP )S )SBAR )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Even if (S (NP that scenario )NP (VP *UNK )VP )S )SBAR , (NP Westinghouse )NP (VP figures (SBAR (S (NP it )NP (VP is (VP prepared )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (ADVP already )ADVP (VP is (VP *UNKING (PRT up )PRT (PP for (NP (NP a *UNK )NP (PP of (NP nuclear power )NP )PP )NP )PP (SBAR even though (S (NP it )NP (VP has n't (VP received (NP (NP an order )NP (PP for (NP a domestic nuclear plant )NP )PP )NP (PP in (NP a decade )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP John C. *UNKC )NP , (NP (NP chairman )NP and (NP chief executive officer )NP )NP , )NP (VP says (SBAR (S (NP he )NP (VP expects (NP (NP a commercial order )NP )NP (PP by (NP 1995 )NP )PP (PP for (NP (NP (NP the company 's )NP *UNKC nuclear power plant )NP , (SBAR (WHNP which )WHNP (S (VP is (PP under (NP development )NP )PP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(S `` (SBAR Once (S (NP we )NP (VP see (NP an order )NP )VP )S )SBAR , (NP we )NP (VP expect (SBAR (S (NP it )NP (VP 'll (VP be (PP on (NP line )NP )PP (PP by (NP 2000 )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(SINV (PP Among (NP (NP the things )NP (SBAR (S (NP I )NP (VP learned (S (VP covering (NP the World Series )NP (NP these past few weeks )NP )VP )S )VP )S )SBAR )NP )PP (VP is )VP (SBAR that (S (NP (NP the Richter scale )NP , (SBAR (WHNP which )WHNP (S (VP measures (NP earthquakes )NP )VP )S )SBAR , )NP (VP is n't (PP like (NP (NP the one )NP (PP in (NP your *UNK )NP )PP )NP )PP )VP )S )SBAR . )SINV  STOP
(S (S (NP (NP A quake )NP (SBAR (WHNP that )WHNP (S (VP measures (NP two )NP (PP on (NP the Richter )NP )PP )VP )S )SBAR )NP (VP is n't (ADJP (ADJP twice as severe )ADJP (PP as (NP a `` one '' )NP )PP )ADJP )VP )S -- (S (NP it )NP (VP 's (ADJP (QP 10 times )QP worse )ADJP )VP )S . )S  STOP
(S (NP A `` three '' )NP (VP is (NP (NP (QP 10 times )QP 10 )NP (ADVP again )ADVP )NP , (ADVP and so on )ADVP )VP . )S  STOP
(S (NP That )NP (VP put (NP (NP the `` seven '' )NP (PP of (NP Oct. 17 )NP )PP )NP (PP in (NP perspective )NP )PP (PP for (NP me )NP )PP )VP . )S  STOP
(S (VP *UNKC (SBAR (S (NP I )NP (VP 'll (VP buy (NP (NP one )NP (PP of (NP those `` (S (NP I )NP (VP *UNKED )VP )S '' *UNKC )NP )PP )NP (PP after (NP all )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP By (NP *UNKC standards )NP )PP , (NP (NP the show )NP (SBAR (WHNP that )WHNP (S (NP the Oakland *UNKC )NP (VP put (PP on )PP (NP Friday and Saturday *UNK )NP )VP )S )SBAR )NP (PRN , (PP in (S (VP putting (NP a *UNKLY *UNK end )NP (PP to (NP (NP the game 's )NP *UNKC Short Series )NP )PP )VP )S )PP , )PRN (VP rated (ADVP somewhere (PP between (NP (NP a 10 )NP and (NP an 11 )NP )NP )PP )ADVP )VP . )S  STOP
(S (S (NP (NP The *UNK )NP (PP with (NP (NP the white *UNK )NP (PP on (NP their *UNK )NP )PP )NP )PP )NP (VP might not (VP have (VP made (S (NP the *UNK )NP (VP move (ADVP much )ADVP )VP )S )VP )VP )VP )S , but (S (NP they )NP (ADVP certainly )ADVP (VP did (NP some impressive things )NP (PP with (NP *UNK )NP )PP )VP )S . )S  STOP
(S (NP The *UNKC *UNKC )NP (VP *UNKED (NP (NP six )NP (PP of (NP *UNK )NP )PP )NP (PP out (PP of (NP (NP the *UNKLY *UNK )NP (PP of (NP *UNKC Park )NP )PP )NP )PP )PP (PP during (NP the two games )NP )PP (PP *UNK (NP (NP route )NP (PP to (NP (NP (ADVP *UNKN and *UNKN )ADVP wins )NP (PP over (NP the San Francisco Giants )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (S (VP *UNKED (PP with (NP (NP (NP their two *UNK- *UNK )NP , (PP (ADVP way back )ADVP on (NP Oct. 14 and 15 )NP )PP )NP (PRN -LRB- (S (S (NP the scores )NP (VP were (NP *UNKN and *UNKN )NP )VP )S , (FRAG (VP remember )VP )FRAG ? )S -RRB- )PRN )NP )PP )VP )S , (NP that )NP (VP gave (NP them )NP (NP (NP a *UNK )NP (PP of (NP the *UNK- series )NP )PP )NP )VP . )S  STOP
(S (NP (NP The *UNK )NP (ADVP here )ADVP )NP (VP is (SBAR that (S (NP the Giants )NP (VP lost (PP by (NP de fault )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP 's (ADJP (ADJP *UNKLY correct )ADJP , but (ADJP (NP a *UNK )NP unfair )ADJP (ADVP otherwise )ADVP )ADJP )VP . )S  STOP
(S (NP They )NP (VP (VP showed (PRT up )PRT )VP , but (VP did n't (PRN -- or could n't -- )PRN (VP challenge )VP )VP )VP . )S  STOP
(S (NP They )NP (VP (VP led (PP for (NP *UNK an *UNKING )NP )PP (PP in (NP the four games )NP )PP )VP , and (VP managed (S (VP to (VP *UNK (NP their fans )NP (ADVP only once )ADVP )VP )VP )S )VP )VP . )S  STOP
(S (NP That )NP (VP came (PP in (NP (NP the *UNK *UNKING )NP (PP of (NP *UNKC Four )NP )PP )NP )PP (SBAR (WHADVP when )WHADVP , (S (S (VP *UNKING (ADVP *UNKN )ADVP )VP )S , (NP they )NP (VP (VP *UNKED (NP four times )NP )VP and (VP brought (NP (NP their big heat )NP -- (NP (NP Will Clark )NP and (NP *UNKC Mitchell )NP )NP -- )NP (PP to (NP the plate )NP )PP (PP with (NP (NP one out )NP and (NP (NP a *UNK )NP (ADJP on )ADJP )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S But (S (NP Clark )NP (VP *UNKED (PRT out )PRT (PP to (NP short right field )NP )PP )VP )S and (S (NP (NP (NP Mitchell 's )NP drive )NP (PP to (NP left )NP )PP )NP (VP was (VP caught (PP on (NP the warning track )NP )PP (PP by (NP *UNKC Henderson )NP )PP (SBAR as (S (NP (NP *UNKN sets )NP (PP of (NP *UNK )NP )PP )NP (VP *UNKED (PP as (NP one )NP )PP )VP )S )SBAR )VP )VP )S . )S  STOP
(SINV `` (S (NP I )NP (VP (VP went (ADVP out )ADVP (PP to (NP (NP *UNKC -LCB- *UNKC )NP , (NP (NP the A 's )NP *UNK )NP -RCB- )NP )PP )VP and (VP told (NP him )NP (SBAR that (S (NP we )NP (VP were n't (VP *UNK (S (VP *UNK (VP let (S (NP this guy )NP (VP beat (NP us )NP )VP )S )VP )VP )S )VP )VP )S )SBAR )VP )VP )S , '' (VP said )VP (NP Oakland *UNK Terry *UNKC )NP (PP of (NP (NP the *UNK confrontation )NP (PP with (NP (NP Mitchell )NP , (NP (NP the National League 's )NP *UNKING *UNK- king )NP )NP )PP )NP )PP . )SINV  STOP
(S `` (S (NP I )NP (VP told (NP him )NP (S (VP to (VP make (S (NP Mitchell )NP (VP reach (PP for (NP everything )NP )PP )VP )S )VP )VP )S )VP )S , and (S (NP that )NP (VP 's (SBAR (WHNP what )WHNP (S (NP we )NP (VP did )VP )S )SBAR )VP )S . )S  STOP
(S (NP (NP The *UNK )NP (SBAR (S (NP he )NP (VP hit )VP )S )SBAR )NP (VP was n't (NP a strike )NP )VP . )S  STOP
(S (SBAR If (S (NP it )NP (VP had (VP been )VP )VP )S )SBAR , (NP he )NP (VP *UNK (VP hit (NP it )NP (PRT out )PRT )VP )VP . '' )S  STOP
(S But (SBAR if (S (NP the A 's )NP (VP had n't (VP won (PP in (NP four )NP )PP )VP )VP )S )SBAR , (NP they )NP (VP would (VP have (VP *UNKED (PP in (NP five , or six , or seven )NP )PP )VP )VP )VP . )S  STOP
(S (NP The best team )NP (VP won (NP this Series )NP , (SBAR (WHNP which )WHNP (S (VP is (ADJP (ADJP more unusual )ADJP (SBAR than (S (NP it )NP (VP may (VP sound )VP )VP )S )SBAR )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP *UNK n't (NP (NP football )NP , (SBAR (WHADVP where )WHADVP (S (NP the good teams )NP (VP beat (PRT up )PRT (PP on (NP the bad ones )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP The best baseball teams )NP (VP win (NP (QP six of 10 )QP games )NP )VP )S and (S (NP the worst )NP (VP win (NP (NP four )NP (PP of (NP 10 )NP )PP )NP )VP )S . )S  STOP
(S (PP Without (S (VP becoming (ADJP *UNKLY *UNK )ADJP )VP )S )PP , (VP allow (S (NP me )NP (VP to (VP suggest (SBAR that (S (NP (NP several recent *UNK )NP (PP of (NP (NP the world )NP (PP according (PP to (NP (NP us )NP (PRN -LRB- (PP as (PP in (NP U.S. )NP )PP )PP -RRB- )PRN )NP )PP )PP )NP )PP )NP (VP might not (VP have (VP *UNKED (NP No. 1 )NP (PP in (NP many polls )NP )PP )VP )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP That list )NP (VP includes (NP (NP (NP last season 's )NP *UNK )NP , (NP the Los Angeles *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP *UNK (NP (NP (NP a *UNK home run )NP (PP by (NP *UNKC *UNKC )NP )PP )NP and (NP (NP two *UNK *UNKING performances )NP (PP by (NP *UNKC *UNKC )NP )PP )NP )NP (PP to (NP (NP a *UNK- *UNK )NP (PP over (NP a *UNKED , *UNKED Oakland *UNK )NP )PP )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP These A 's )NP , (ADVP however )ADVP , (VP got (NP (NP few *UNK )NP (ADJP (ADJP as low )ADJP (PP as (NP B )NP )PP )ADJP )NP (PP on (NP their 1989 report card )NP )PP )VP . )S  STOP
(S (NP They )NP (VP (VP led (NP the Major *UNKC )NP (PP in (NP *UNK- wins )NP )PP (PP with (NP 99 )NP )PP )VP and (VP *UNKED (NP the Toronto *UNKC *UNKC )NP (ADVP four games to one )ADVP (PP for (NP the American League *UNK )NP (PP before (S (VP *UNKING (NP their *UNK- rivals )NP )VP )S )PP )PP )VP )VP . )S  STOP
(S (NP (NP The *UNK testimony )NP (PP to (NP (NP their *UNK )NP (PP of (NP the *UNKED *UNK )NP )PP )NP )PP )NP (VP came (PP from (NP (NP Giants ' )NP manager Roger Craig )NP )PP (SBAR after (S (NP his team )NP (VP had (VP fallen (PP in (NP *UNKC Three )NP )PP (PP to (NP (NP a *UNK- *UNK )NP (SBAR (WHNP that )WHNP (S (VP tied (NP a *UNK- Series record )NP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (VP Asked (SBAR (WHNP what )WHNP (S (NP he )NP (VP would (VP do (ADVP *UNKLY )ADVP (PP on (NP the *UNK )NP )PP )VP )VP )S )SBAR )VP )S , (NP Craig )NP (VP allowed (SBAR that (S (NP he )NP (VP might (VP play (NP his *UNK )NP (ADVP deeper )ADVP , `` (ADVP maybe )ADVP (PP on (NP (NP the other side )NP (PP of (NP the *UNK )NP )PP )NP )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP (NP The A 's )NP *UNK showing )NP (PP in (NP the Series )NP )PP )NP (VP got (NP (NP an A )NP , (PP as (PP in (ADJP *UNK )ADJP )PP )PP )NP )VP . )S  STOP
(S (S (NP Their 85 total bases )NP (VP broke (NP (NP a record )NP (PP for (NP a *UNK- set )NP )PP )NP )VP )S , and (S (NP their nine home runs )NP (VP tied (NP one )NP )VP )S . )S  STOP
(S (NP *UNKC Oakland players )NP (VP hit (NP *UNK )NP , (PP with (S (NP *UNK Dave Henderson )NP (VP getting (NP (NP two )NP , (NP (NP both )NP (PP on (NP Friday )NP )PP )NP )NP )VP )S )PP )VP . )S  STOP
(S (NP (NP *UNKC Henderson )NP , (NP the *UNKING *UNK man )NP , )NP (VP (VP had (NP nine hits )NP )VP and (VP set or tied (NP (NP *UNK- Series marks )NP (PP for (NP (NP (NP *UNK )NP (PRN -LRB- (NP 2 )NP -RRB- )PRN )NP and (NP (NP stolen bases )NP (PRN -LRB- (NP 3 )NP -RRB- )PRN )NP )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP (NP The sole A )NP (SBAR (S not (VP to (VP *UNK )VP )VP )S )SBAR )NP (VP was (NP (NP cleanup *UNK Mark *UNKC )NP , (NP (NP their *UNK- leader )NP (PP with (NP 33 )NP )PP )NP , )NP )VP )S and (S (NP he )NP (VP contributed (NP (NP five hits )NP plus (NP (NP a *UNKING *UNKING play )NP (PP on (NP a ground *UNK )NP )PP (PP in (NP *UNKC Three )NP )PP (SBAR (WHNP that )WHNP (S (VP stopped (NP a Giant rally )NP (SBAR while (S (NP the issue )NP (ADVP still )ADVP (VP was (PP in (NP doubt )NP )PP )VP )S )SBAR )VP )S )SBAR )NP )NP )VP )S . )S  STOP
(SINV `` (S (VP *UNKC (SBAR (S (NP I )NP (VP 'll (VP (VP *UNK (NP my image )NP )VP -- (VP get (S (NP this )NP (VP changed (PP to (NP a *UNK )NP )PP )VP )S )VP )VP )VP )S )SBAR )VP )S , '' (VP *UNKED )VP (NP the big first *UNK )NP (NP Saturday night )NP , (S (VP *UNKING (NP (NP the gold *UNK )NP (SBAR (S (NP he )NP (VP *UNK (PP on (NP a neck chain )NP )PP )VP )S )SBAR )NP )VP )S . )SINV  STOP
(S (PP (ADVP Even )ADVP with (NP that power show )NP )PP , (ADVP though )ADVP , (NP (NP (NP the Oakland Series ' )NP star )NP , (VP *UNKED (PP by (NP the Most *UNKC *UNKC award )NP )PP )VP , )NP (VP was (NP (NP a *UNK )NP , (NP Dave Stewart )NP )NP )VP . )S  STOP
(S (NP He )NP (VP (VP shut (PRT out )PRT (NP the Giants )NP (PP on (NP five hits )NP )PP (PP in (NP *UNKC One )NP )PP )VP , and (VP allowed (NP (NP three runs )NP (PP on (NP five hits )NP )PP )NP (PP in (NP seven *UNK )NP )PP (NP Friday )NP (PP after (NP (NP the *UNK- break )NP (VP caused (PP by (NP the earthquake )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Stewart 's )NP honor )NP (VP was (NP a nice note )NP (PP on (NP (NP a couple )NP (PP of (NP grounds )NP )PP )NP )PP )VP . )S  STOP
(S (NP One )NP (VP was (SBAR that , (S (PP despite (NP (NP his 62 *UNK- wins )NP (PP over (NP the past three *UNK )NP )PP (PP in (NP (NP the Land )NP (PP *UNKC (NP the Late News )NP )PP )NP )PP )NP )PP , (NP he )NP (VP (VP has (VP been (VP *UNKED (PP by (NP his *UNK- *UNK )NP )PP )VP )VP )VP and (VP missed (PRT out )PRT (PP on (NP (NP *UNK )NP (SBAR (WHNP that )WHNP (S (VP might (VP have (VP been (NP his due )NP )VP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The other )NP (VP is (SBAR that (S (NP he )NP (VP (VP 's (NP an Oakland native )NP )VP , and (VP lifted (NP (NP residents ' )NP spirits )NP (PP by (NP (NP his visits )NP (PP to (NP *UNK- areas )NP )PP (NP last week )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP *UNKC )ADVP , (SBAR as (S (NP the A 's )NP (VP *UNKED (NP their victory )NP (PP with (NP beer )NP )PP )VP )S )SBAR (PRN -LRB- (S (NP they )NP (VP *UNKED (PP with (NP traditional *UNK *UNK )NP )PP (PP in (NP (NP *UNK )NP (PP to (NP the quake victims )NP )PP )NP )PP )VP )S -RRB- )PRN , (NP Stewart )NP (VP said (SBAR (S (NP he )NP (VP thought (SBAR (S (NP his *UNK- *UNKING )NP (VP would (VP *UNK (NP his individual *UNK )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S `` (S (S (VP *UNKC (NP me (NP (NP (QP four or five more )QP Series )NP (PP with (NP these guys )NP )PP )NP )NP )VP )S , and (S (NP I )NP (VP do n't (VP care (SBAR if (S (NP I )NP (ADVP ever )ADVP (VP win (NP a *UNK Young )NP )VP )S )SBAR )VP )VP )S )S , '' (NP he )NP (VP said , (PP in (NP (NP *UNK )NP (PP to (NP (NP baseball 's )NP *UNK- award )NP )PP )NP )PP )VP . )S  STOP
(S (ADVP Indeed )ADVP , (NP (NP the possibility )NP (PP of (NP (NP an (NP A 's )NP *UNKING cycle )NP , (X *UNK (NP a *UNK )NP )X , )NP )PP )NP (VP was (NP (NP a major topic )NP (PP of (NP *UNK- discussion )NP )PP )NP (NP Saturday )NP , (ADVP (ADVP so much so )ADVP (SBAR that (S (NP (NP *UNKC *UNKC )NP , (NP (NP the team 's )NP general manager )NP , )NP (VP felt (VP *UNKED (S (VP to (VP *UNK (NP it )NP )VP )VP )S )VP )VP )S )SBAR )ADVP )VP . )S  STOP
(S `` (S (S (NP People )NP (VP change )VP )S , (S (NP teams )NP (VP change )VP )S )S , '' (NP he )NP (VP *UNKED )VP . )S  STOP
(S `` (NP (NP It )NP )NP (VP 's (ADJP (ADJP easier )ADJP )ADJP (S (VP to (VP get (ADJP worse )ADJP )VP )VP )S (SBAR than (FRAG (ADJP better )ADJP )FRAG )SBAR (PP in (NP this game )NP )PP )VP . '' )S  STOP
(S (NP He )NP (VP might (VP have (VP added (NP (NP an interesting historical fact )NP : (S (NP (NP The last Series sweep )NP , (PP by (NP the Cincinnati *UNKC )NP )PP , )NP (VP came (PP in (NP (NP 1976 )NP , (SBAR (WHNP which )WHNP (S (ADVP also )ADVP (VP was (NP (NP the first year )NP (PP of (NP baseball player free agency )NP )PP )NP )VP )S )SBAR )NP )PP )VP )S )NP )VP )VP )VP . )S  STOP
(S (S (NP It )NP (VP was (VP (ADVP widely )ADVP predicted (SBAR that (S (NP free agency )NP (VP would (VP allow (S (NP the *UNK , `` big market '' teams )NP (VP to (VP *UNK (NP the best talent )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP )S , but (S (S (NP quite the opposite )NP (VP has (VP occurred )VP )VP )S : (S (NP *UNKC different *UNK )NP (VP have (VP won (NP *UNK )NP (PP in (NP (NP the 14 seasons )NP (PP since (NP its *UNK )NP )PP )NP )PP )VP )VP )S )S . )S  STOP
(S (NP The number )NP (VP includes (NP (NP such *UNK *UNK )NP (PP as (PRN , (INTJ well )INTJ , )PRN (NP Oakland )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP The *UNK )NP (PP for (S (VP responding (PP to (NP (NP your customers ' )NP needs )NP )PP (ADVP (ADVP faster )ADVP (SBAR than (S (NP the competition )NP (VP can )VP )S )SBAR )ADVP )VP )S )PP )NP (VP is (ADJP clear )ADJP )VP )S : (S (NP Your company )NP (VP will (VP benefit (PP in (NP (NP terms )NP (PP of (NP (NP market share )NP , (NP customer satisfaction )NP and (NP profitability )NP )NP )PP )NP )PP )VP )VP )S . )S  STOP
(S (PP In (NP fact )NP )PP , (NP managers )NP (NP today )NP (VP are (ADJP (ADVP probably more aware (PP of (NP (NP speed )NP (PP as (NP a competitive *UNK )NP )PP )NP )PP )ADVP (SBAR than (FRAG (ADVP ever )ADVP (PP before )PP )FRAG )SBAR )ADJP )VP . )S  STOP
(S (ADVP However )ADVP , (PP for (NP many )NP )PP , (S (VP managing (NP speed )NP )VP )S (VP does not (VP come (ADVP naturally )ADVP )VP )VP . )S  STOP
(S `` (S (NP (NP Most )NP (PP of (NP us )NP )PP )NP (VP grew (PRT up )PRT (S (VP *UNKING (PP in (NP (NP the *UNK )NP (NP ` (S (NP *UNKC )NP (VP makes (NP waste )NP )VP )S ' and ` (S (VP Do n't (VP cut (NP *UNK )NP )VP )VP )S )NP , ' (NP (NP ideas )NP (SBAR (WHNP that )WHNP (S (VP seem (S (VP to (VP run (ADVP counter (PP to (NP (NP the concept )NP (PP of (S (VP managing (NP speed )NP )VP )S )PP )NP )PP )ADVP )VP )VP )S )VP )S )SBAR )NP )NP )PP )VP )S )VP )S , '' (VP says )VP (NP (NP Dean *UNKC )NP , (NP (NP vice president )NP (PP for (NP product integrity )NP )PP (PP at (NP *UNKC Corp )NP )PP )NP )NP . )S  STOP
(S `` But (PP in (NP the real world )NP )PP , (NP you )NP (VP learn (SBAR that (S (NP speed and quality )NP (VP are not (NP a *UNK- )NP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKED )NP (VP is (NP (NP (NP a component )NP (PP of (NP quality )NP )PP )NP -- (NP (NP one )NP (PP of (NP the things )NP )PP (SBAR (S (NP we )NP (VP must (VP deliver (S (VP to (VP *UNK (NP customers )NP )VP )VP )S )VP )VP )S )SBAR )NP )NP )VP . '' )S  STOP
(S (NP (NP Companies )NP (SBAR (WHNP that )WHNP (S (ADVP actually )ADVP (VP market (NP speed )NP (PP as (NP (NP part )NP (PP of (NP their service )NP )PP )NP )PP )VP )S )SBAR )NP (VP train (S (NP their managers )NP (VP to (VP (VP lead )VP and (VP participate (PP in )PP )VP (NP (NP teams )NP (SBAR (WHNP that )WHNP (S (VP (VP increase (NP speed )NP )VP and (VP improve (NP quality )NP )VP (PP in (NP *UNK operations )NP )PP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (NP Managers )NP (VP learn (S (VP to (VP (VP spot (NP opportunities (S (VP to (VP increase (NP customer satisfaction )NP (PP through (NP speed )NP )PP )VP )VP )S )NP )VP , and (VP shift (NP (NP some responsibility )NP (PP for (S (VP *UNKING , improving and streamlining (NP work processes )NP )VP )S )PP )NP (PP from (NP themselves )NP )PP (PP to (NP (NP teams )NP (PP of (NP employees )NP )PP )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP (NP One team )NP (PP at (NP (NP the Federal Express *UNKC *UNKC station )NP (PP in (NP (NP *UNKC )NP , (NP Mass. )NP , )NP )PP )NP )PP )NP (VP focused (PP on (NP (NP a (ADJP particularly *UNK- )ADJP operation )NP : (NP the morning package sort )NP )NP )PP )VP . )S  STOP
(S (NP Every morning )NP , (NP *UNK- trucks )NP (VP *UNK (PP at (NP the *UNKC *UNKC *UNKC )NP )PP (PP from (NP (NP Boston 's )NP *UNKC Airport )NP )PP , (S (VP carrying (NP (NP the day 's )NP package load )NP )VP )S )VP . )S  STOP
(S (PP In (NP peak periods )NP )PP (NP that load )NP (VP may (VP include (NP 4,000 pieces )NP )VP )VP . )S  STOP
(S (NP The packages )NP (VP must (VP be (VP (VP *UNKED (ADVP quickly )ADVP )VP and (VP distributed (PP to (NP smaller *UNK )NP )PP (PP for (NP delivery )NP )PP )VP , (SBAR so (S (NP *UNK )NP (VP can (VP be (PP on (NP the road )NP )PP (PP by (NP *UNKN )NP )PP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (S (NP No customer )NP (VP is (ADJP present )ADJP (PP at (NP the morning package sort )NP )PP )VP )S , but (S (NP the process )NP (VP is (ADVP *UNK )ADVP (ADJP critical (PP to (NP customer satisfaction )NP )PP )ADJP )VP )S . )S  STOP
(SINV `` (S (NP We )NP (VP 're (VP committed (S (VP to (VP deliver (NP (NP the customer 's )NP package )NP (PP by (NP (NP a stated time )NP , (NP (ADVP usually )ADVP *UNKN )NP )NP )PP )VP )VP )S )VP )VP )S , '' (VP notes )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a Federal Express *UNK )NP (SBAR (WHNP who )WHNP (S (VP led (NP the *UNKC team )NP )VP )S )SBAR )NP )NP . )SINV  STOP
(S `` (SBAR (X The sooner )X (S (NP our *UNK )NP (VP hit (NP the road )NP (NP each morning )NP )VP )S )SBAR , (X the easier )X (NP (NP it )NP )NP (VP is (SBAR for (S (NP us )NP (VP to (VP *UNK (NP that obligation )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (S (VP Following (NP (NP a *UNKING formula )NP (VP used (PP by (NP (NP teams )NP (PP throughout (NP Federal Express )NP )PP )NP )PP )VP )NP )VP )S , (NP (NP members )NP (PP of (NP the *UNKC team )NP )PP )NP (VP monitored (NP their morning routine )NP , (S (VP (ADVP carefully )ADVP noting (SBAR (SBAR (WHADVP where and when )WHADVP (S (NP (NP the work group 's )NP resources )NP (VP were (VP used (ADVP effectively )ADVP )VP )VP )S )SBAR and (SBAR (WHADVP where )WHADVP (S (NP they )NP (VP were (ADJP idle )ADJP , (S (VP waiting (SBAR for (S (NP (NP others )NP (ADVP *UNK (PP in (NP the process )NP )PP )ADVP )NP (VP to (VP send (NP packages )NP (NP their way )NP )VP )VP )S )SBAR )VP )S )VP )S )SBAR )SBAR )VP )S )VP . )S  STOP
(S `` (NP We )NP (VP *UNKED (SBAR (S (NP there )NP (VP was (NP (NP *UNK )NP (VP built (PP into (NP our process )NP )PP )VP )NP )VP )S )SBAR )VP . )S  STOP
(S But (S (NP we )NP (VP did n't (VP know (SBAR (WHADVP (ADVP just )ADVP where )WHADVP (S (NP it )NP (VP was )VP )S )SBAR (SBAR until (S (NP we )NP (VP completed (NP our data gathering )NP )VP )S )SBAR )VP )VP )S , '' (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S `` (NP We )NP (VP used (NP the data )NP (S (VP to (VP (VP *UNK (NP our *UNKING system )NP )VP and (VP put (NP our resources )NP (SBAR (WHADVP where )WHADVP (S (NP they )NP (VP could (VP do (NP the most good )NP )VP )VP )S )SBAR )VP )VP )VP )S )VP . '' )S  STOP
(S (NP The team )NP (ADVP even )ADVP (VP created (NP (NP a points system )NP (SBAR (S (VP to (VP identify (NP (NP those *UNK and *UNK )NP (SBAR (WHNP that )WHNP (S (VP were (VP doing (NP (NP the most )NP (SBAR (S (VP to (VP reduce (NP *UNK- cycle time )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP the friendly competition )NP )PP )NP (VP earn (NP (NP (NP a *UNK dinner )NP )NP (ADVP out )ADVP (PP with (NP their *UNK )NP )PP )NP )VP . )S  STOP
(SINV `` (S (NP *UNKING )NP (VP shows (SBAR that (S (NP (NP the *UNKC team 's )NP new system )NP (ADVP really )ADVP (VP does (VP reduce (NP (NP cycle time )NP (PP for (NP the morning package sort )NP )PP )NP )VP )VP )S )SBAR )VP )S , '' (VP reports )VP (NP (NP James *UNKC )NP , (NP (NP chief operating officer )NP (PP at (NP Federal Express )NP )PP )NP )NP . )SINV  STOP
(S `` (NP The *UNK )NP (VP leave (ADVP (ADVP (NP (QP at least 15 )QP minutes )NP earlier )ADVP (PRN , (PP on (NP average )NP )PP , )PRN (SBAR than (S (NP they )NP (VP used (S (VP to )VP )S )VP )S )SBAR )ADVP )VP . )S  STOP
(S And (NP service levels )NP (VP have (VP increased (PP to (NP (NP the point )NP (SBAR (WHADVP where )WHADVP (S (NP they )NP (VP 're (ADVP consistently )ADVP (PP above (NP 99 % )NP )PP )VP )S )SBAR )NP )PP )VP )VP . '' )S  STOP
(S (NP (NP A *UNK- team )NP (PP at (NP (NP (NP Union Carbide 's )NP (NAC *UNKC , N.Y. , )NAC facility )NP , (SBAR (WHNP which )WHNP (S (VP produces (NP *UNK- plants )NP )VP )S )SBAR , )NP )PP )NP (VP followed (NP a similar path )NP (S (VP to (VP reduce (NP manufacturing cycle time )NP )VP )VP )S )VP . )S  STOP
(SINV `` (S (NP The team )NP (VP included (NP (NP (NP *UNK )NP (PP from (NP the shop floor )NP )PP )NP (CONJP as well as )CONJP (NP engineering , *UNKING and purchasing personnel )NP )NP )VP )S , '' (VP reports )VP (NP (NP Alan *UNKC )NP , (NP (NP director )NP (PP of (NP quality )NP )PP )NP )NP . )SINV  STOP
(S `` (ADVP First )ADVP , (NP they )NP (VP produced (NP (NP a *UNK )NP (VP *UNKING (NP (NP the process )NP (SBAR (WHPP by (WHNP which )WHNP )WHPP (S (NP an *UNK- plant )NP (ADVP actually )ADVP (VP gets (VP built )VP )VP )S )SBAR )NP )VP )NP )VP . )S  STOP
(S Then (NP they )NP (VP identified (NP (NP *UNK )NP (PP in (NP the process )NP )PP )NP )VP . '' )S  STOP
(S (NP The *UNKC team )NP (VP (VP determined (SBAR that (S (NP (NP *UNK )NP (PP for (NP *UNK )NP )PP )NP (VP were (NP the main problem )NP )VP )S )SBAR )VP and (VP identified (SBAR (SBAR (WHNP (WHNP which kinds )WHNP (PP of (NP delays )NP )PP )WHNP (S (VP involved (NP critical *UNK )NP )VP )S )SBAR and (SBAR (WHNP which )WHNP (S (VP were (UCP (ADJP less critical )ADJP or (VP could (VP be (VP handled (PP by (NP (NP workers )NP (PP (ADVP already )ADVP on (NP the line )NP )PP )NP )PP )VP )VP )VP )UCP )VP )S )SBAR )SBAR )VP )VP . )S  STOP
(S (NP The team )NP (ADVP then )ADVP (VP proposed (NP (NP *UNK )NP (PP in (NP their work process )NP )PP )NP (PP to (NP management )NP )PP )VP . )S  STOP
(S `` (S (NP The *UNKED manufacturing process )NP (VP benefits (NP our customers )NP (PP in (NP (QP at least two )QP ways )NP )PP )VP )S , '' (NP Mr. *UNKC )NP (VP *UNK )VP . )S  STOP
(S `` (ADVP First )ADVP , (NP we )NP (VP have (NP (NP better quality *UNK )NP (SBAR than (FRAG (ADVP ever )ADVP )FRAG )SBAR )NP , (SBAR because (S (NP (NP the people )NP (VP building (NP the product )NP )VP )NP (VP have (VP taken (PRT on )PRT (NP (NP more responsibility )NP (PP for (NP (NP the quality )NP (PP of (NP their own work )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Second )ADVP , (NP we )NP (VP trimmed (NP (NP more )NP (PP than (NP a month )NP )PP )NP (PP off (NP (NP the time )NP (VP required (S (VP to (VP deliver (NP a finished product )NP )VP )VP )S )VP )NP )PP )VP . '' )S  STOP
(S (PP At (NP (NP Grumman 's )NP *UNKC Systems *UNKC )NP )PP , (NP a *UNK- team )NP (VP reduced (NP (NP the cycle time )NP (VP required (S (VP to (VP produce (NP (NP a new business proposal )NP (PP for (NP an important government contract )NP )PP )NP )VP )VP )S )VP )NP )VP . )S  STOP
(S (NP The team )NP (VP was (VP *UNKED (PP of (NP (NP representatives )NP (PP from (NP (NP engineering )NP , (NP manufacturing )NP , (NP corporate *UNKING )NP , (NP flight test )NP , (NP material )NP , (NP quality control )NP , and (NP other departments )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP needed (NP (NP contributions )NP (PP from (NP all these departments )NP )PP )NP (S (VP to (VP generate (NP the proposal )NP )VP )VP )S )VP )S , '' (VP says )VP (NP (NP Carl *UNKC )NP , (NP (NP *UNK- manager )NP (PP for (NP (NP Grumman 's )NP *UNKC combat aircraft program )NP )PP )NP )NP . )SINV  STOP
(S `` But (PP instead of (S (VP gathering (NP their *UNK )NP (ADVP *UNK )ADVP )VP )S )PP , (NP we )NP (VP (VP formed (NP (NP the team )NP , (SBAR (WHNP which )WHNP (S (VP reached (NP (NP consensus )NP (PP on (NP the proposal objectives )NP )PP )NP )VP )S )SBAR )NP )VP and (VP produced (NP (NP a statement )NP (PP of (NP work )NP )PP (SBAR (S (VP to (VP guide (NP (NP all the functions )NP (SBAR (WHNP that )WHNP (S (VP were (VP involved )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP )VP . '' )S  STOP
(S (S (VP *UNKED (PP with (NP (NP this shared understanding )NP and (NP *UNK background information )NP )NP )PP )VP )S , (NP each department )NP (VP developed (NP (NP its *UNKED contribution )NP (PP to (NP the proposal )NP )PP )NP , (S (VP *UNKING (NP data and cost estimates )NP (PP on (NP a closely managed schedule )NP )PP )VP )S )VP . )S  STOP
(S `` (S (NP We )NP (VP cleared (PRT up )PRT (NP questions and *UNK )NP (ADVP very quickly )ADVP , (SBAR because (S (NP (NP the people )NP (SBAR (WHNP who )WHNP (S (VP had (NP (NP the skills and perspective )NP (VP required (S (VP to (VP resolve (NP them )NP )VP )VP )S )VP )NP )VP )S )SBAR )NP (VP were (NP (NP part )NP (PP of (NP the task team )NP )PP )NP )VP )S )SBAR )VP )S , '' (NP Mr. *UNKC )NP (VP explains )VP . )S  STOP
(S (NP The team )NP (VP trimmed (NP (QP more than two )QP months )NP (PP from (NP (NP the cycle time )NP (VP (ADVP previously )ADVP required (S (VP to (VP develop (NP comparable proposals )NP )VP )VP )S )VP )NP )PP )VP . )S  STOP
(S `` (NP The team )NP (VP eliminated (NP (NP the crisis *UNK )NP (SBAR (WHNP that )WHNP (S (NP proposal *UNK )NP (VP can (VP generate )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP The result )NP (VP was (NP a (ADJP more *UNK , complete and competitive )ADJP proposal )NP )VP )S , '' (NP Mr. *UNKC )NP (VP *UNK )VP . )S  STOP
(S (NP (NP The *UNK )NP (VP achieved (PP at (NP (NP Federal Express )NP , (NP Union Carbide )NP and (NP Grumman )NP )NP )PP )VP )NP (VP suggest (SBAR that (S (S (VP managing (NP speed )NP )VP )S (VP may (VP be (NP (NP an *UNKED source )NP (PP of (NP competitive advantage )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Managers )NP (PP in (NP all three companies )NP )PP )NP (VP recognize (NP speed )NP (PP as (NP (NP (NP a component )NP (PP of (NP quality )NP )PP )NP and (NP (NP a key )NP (PP to (NP customer satisfaction )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP They )NP (VP (ADVP effectively )ADVP lead (NP team efforts (S (VP to (VP reduce (NP cycle time )NP )VP )VP )S )NP )VP . )S  STOP
(S And (NP they )NP (VP prepare (S (NP all their people )NP (VP to (VP (VP increase (NP (NP the speed )NP )NP )VP and (VP improve (NP (NP the quality )NP )NP )VP (PP of (NP their own work )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (NP (NP president )NP (PP of (NP (NP *UNKC )NP , (NP (NP a consulting firm )NP (PP in (NP (NP *UNKC )NP , (NP Mass )NP )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP Home *UNKING )NP (PP of (NP *UNKED music )NP )PP )NP (VP cuts (PP into (NP record industry revenues )NP )PP )VP )S , but (S (S (VP banning (NP home *UNKING )NP )VP )S (VP would (VP hurt (NP consumers )NP (ADVP even more )ADVP )VP )VP )S . )S  STOP
(S (NP That )NP (VP 's (NP (NP the conclusion )NP (PP of (NP (NP an independent report )NP (VP prepared (PP by (NP (NP the Office )NP (PP of (NP Technology *UNKC )NP )PP )NP )PP (PP at (NP (NP the request )NP (PP of (NP the House and Senate *UNK committees )NP )PP )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(S (NP The report )NP (VP is (S (VP to (VP be (VP released (NP today )NP )VP )VP )VP )S )VP . )S  STOP
(S (NP The report )NP (VP says (SBAR (S (NP (NP the availability )NP (PP of (NP (NP such advanced *UNK recording equipment )NP (PP as (NP *UNK *UNK )NP )PP )NP )PP )NP (VP does n't (VP seem (S (VP to (VP increase (NP (NP the *UNK )NP (PP of (NP home *UNKING )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP That finding )NP (PRN , (S (NP the report )NP (VP says )VP )S , )PRN (VP *UNK (NP doubt )NP (PP on (NP (NP the record industry 's )NP *UNK (SBAR that (S (NP (NP the new generation )NP (PP of (NP *UNK recording equipment )NP )PP )NP (VP will (ADVP *UNKLY )ADVP (VP lead (PP to (NP (NP wholesale abuse )NP (PP of (NP *UNKED material )NP )PP (PP by (NP home *UNK )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP (NP The longstanding position )NP (PP of (NP (NP the *UNKING Industry Association )NP (PP of (NP America )NP )PP )NP )PP )NP , (NP (NP a trade group )NP (VP based (PP in (NP (NP Washington )NP , (NP D.C. )NP )NP )PP )VP )NP , )NP (VP is (SBAR that (S (NP (NP record companies )NP , (NP *UNK )NP , (NP *UNK )NP and (NP music publishers )NP )NP (VP need (S (VP to (VP be (VP *UNKED (PP by (NP (NP *UNKED fees )NP (PP on (NP (NP the sale )NP (PP of (NP (NP *UNK *UNK )NP and (NP recording equipment )NP )NP )PP )NP )PP )NP )PP )VP )VP )VP )S (S (VP to (VP make (PRT up )PRT (PP for (NP (NP *UNK )NP (VP lost (PP to (NP home *UNKING )NP )PP )VP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP I )NP (VP think (SBAR (S (NP it )NP (VP is (NP (NP a *UNK )NP (PP in (NP (NP the *UNK )NP (PP in (NP any *UNK tax proposal )NP )PP )NP )PP )NP )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP Gary *UNKC )NP , (NP (NP vice president )NP (PP for (NP (NP (UCP government and legal )UCP affairs )NP (PP of (NP (NP the Electronic Industries Association )NP (PP in (NP Washington )NP )PP )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (SBAR (WHNP What )WHNP (S -LCB- (NP the report )NP -RCB- (VP shows )VP )S )SBAR (VP is (NP (NP (NP everything )NP (SBAR (S (NP we )NP (VP 've (VP been (VP saying (PP for (NP the past (QP eight or nine )QP years )NP )PP )VP )VP )VP )S )SBAR )NP (PRN -- (SBAR that (S (NP *UNK *UNKING )NP (VP is (NP (NP the best thing )NP (SBAR (S (VP to (VP happen (PP for (NP the recording industry )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )PRN )NP )VP . )S  STOP
(S (NP (NP The people )NP (SBAR (WHNP who )WHNP (S (VP tape (NP the most )NP )VP )S )SBAR )NP (VP buy (NP the most )NP )VP . '' )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP a *UNK )NP (PP for (NP *UNKC )NP )PP )NP )NP (VP says (SBAR (S (NP her organization )NP (VP (VP has n't (VP received (NP (NP a copy )NP (PP of (NP the completed report )NP )PP )NP (ADVP yet )ADVP )VP )VP and (VP has (NP no immediate comment )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A recent agreement )NP (PP between (NP (NP the recording industry )NP and (NP electronics manufacturers )NP )NP )PP )NP (VP requires (SBAR that (S (NP (NP any *UNK *UNK tape (PRN , or *UNKC , )PRN *UNK )NP (VP sold (PP in (NP the U.S. )NP )PP )VP )NP (VP have (NP (NP a *UNK- device )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP its ability (S (VP to (VP make (NP second copies )NP (PP from (NP (NP *UNKC tape copies )NP (PP of (NP *UNK *UNK disks )NP )PP )NP )PP )VP )VP )S )NP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP the disappointing sales )NP (PP of (NP *UNKC machines )NP )PP (ADVP here and abroad )ADVP )NP (ADVP so far )ADVP (VP have not (VP seemed (S (VP to (VP warrant (NP (NP the three years )NP (PP of (NP (NP legal *UNKING )NP (SBAR (WHNP that )WHNP (S (VP went (PP into (NP the agreement )NP )PP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP Under (NP current copyright laws )NP )PP , (NP (NP it )NP )NP (VP is (VP considered (S `` (NP fair use )NP '' )S (S (VP to (VP *UNK (NP *UNKED material )NP (PP (PP for (NP (NP one 's )NP personal use )NP )PP or (PP for (NP (NP use )NP (PP by (NP (NP one 's )NP family or friends )NP )PP )NP )PP )PP )VP )VP )S , (SBAR while (S (S (VP *UNKING (PP for (NP (NP purposes )NP (PP of (NP *UNK or profit )NP )PP )NP )PP )VP )S (VP is (VP prohibited )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP (NP A survey )NP (VP contained (PP in (NP the *UNK- report )NP )PP )VP )NP , `` (NP (NP *UNKC and Home *UNKING )NP : (S (NP Technology )NP (VP *UNKC (NP the Law )NP )VP )S )NP , '' )NP (VP found (SBAR that (S (NP most people )NP (VP consider (S (NP (NP home *UNKING )NP (PP for (NP such personal use )NP )PP )NP (NP (NP a `` right '' )NP -- (NP (NP a right )NP , *UNK , (SBAR (WHNP that )WHNP (S (VP was (VP *UNKED (PP by (NP (NP 40 % )NP (PP of (NP (NP Americans )NP (PP over (NP (NP the age )NP (PP of (NP 10 )NP )PP )NP )PP )NP )PP )NP )PP (PP in (NP the past year )NP )PP )VP )VP )S )SBAR )NP )NP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The study )NP (VP says (SBAR that (S (NP (NP the `` *UNK legal status '' )NP (PP of (NP home copying )NP )PP )NP (VP makes (S (NP (NP it )NP )NP `` (ADJP appropriate )ADJP (S (VP to (VP *UNK (NP (NP the effects )NP (PP (PP on (NP consumers )NP )PP , (CONJP as well as )CONJP (PP on (NP industry )NP )PP )PP )NP )VP )VP )S )S )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP *UNKC )NP (PP by (NP (NP the Office )NP (PP of (NP Technology *UNKC )NP )PP )NP )PP )NP (VP (VP do n't (VP *UNK (NP any specific legislative action )NP )VP )VP but (VP suggest (NP (NP a range )NP (PP of (NP (NP options )NP (SBAR (WHNP that )WHNP (S (NP Congress )NP (VP may (VP pursue )VP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP The study )NP (ADVP also )ADVP (VP (VP says (SBAR that (S (NP (NP *UNK )NP (PP of (NP new communications technologies )NP )PP )NP (VP makes `` (S (NP (NP an *UNK congressional definition )NP (PP of (NP (NP the legal status )NP (PP of (NP home copying )NP )PP )NP )PP )NP (ADJP more *UNK )ADJP (SBAR (PP in (NP order )NP )PP (S (S (VP to (VP reduce (NP legal and market *UNK )NP )VP )VP )S and (S (VP to (VP prevent (NP (NP de *UNK changes )NP (PP to (NP copyright law )NP )PP (PP through (NP technology )NP )PP )NP )VP )VP )S )S )SBAR )S )VP )S )SBAR )VP , '' and (VP says (SBAR that (S (S (VP finding (NP (NP an `` appropriate balance )NP (PP of (NP *UNK and benefits )NP )PP )NP )VP )S (VP is (NP (NP a political decision )NP , not (NP a technical one )NP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Switzerland 's )NP (ADJP most famous )ADJP raider )NP (VP says (SBAR (S (NP he )NP (VP is n't (NP one )NP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC *UNK Rey )NP (VP believes (SBAR (S (NP *UNK )NP (VP are (VP made (PP by (S (VP being (ADJP friendly )ADJP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S And (PP in (NP (NP little more )NP (PP than (NP (NP a decade )NP (PP of (S (VP (VP being (ADJP friendly )ADJP )VP (PRN -- and (PP at (NP the same time )NP )PP (VP *UNKING (NP the *UNK Swiss business community )NP (PP with (NP some *UNKC *UNKING and dealing )NP )PP )VP -- )PRN )VP )S )PP )NP )PP )NP )PP (NP the *UNK- Mr. Rey )NP (VP has (VP grown (PP from (NP a modest banker )NP )PP (PP to (NP a *UNK )NP )PP )VP )VP . )S  STOP
(S (NP He )NP (VP achieved (NP this )NP (PP (PP in (NP part )NP )PP with (NP (NP an *UNK talent )NP (PP for (S (VP getting (NP his foot )NP (ADVP *UNKLY )ADVP (PP in (NP (NP the door )NP (PP of (NP established European companies )NP )PP )NP )PP )VP )S )PP )NP )PP )VP . )S  STOP
(NP (NP His latest coup )NP : (NP (NP (NP September 's )NP *UNKING )NP (PP of (NP (NP the (ADJP (ADJP (QP five billion )QP *UNKC )ADJP (PRN -LRB- (ADJP (QP $ *UNKN billion )QP )ADJP -RRB- )PRN )ADJP merger )NP (PP between (NP (NP (NP *UNKC S.A. )NP , (NP (NP the world 's )NP second-largest temporary employment agency )NP )NP , and (NP (NP *UNKC International S.A. )NP , (NP a *UNKED *UNK- company )NP )NP )NP )PP )NP )PP )NP . )NP  STOP
(S (NP *UNKC )NP (VP must (VP approve (NP the merger )NP (PP at (NP (NP general meetings )NP (PP of (NP the two companies )NP )PP (PP in (NP late November )NP )PP )NP )PP )VP )VP . )S  STOP
(S But (NP approval )NP (VP is (ADJP almost certain )ADJP (SBAR since (S (NP (NP Mr. Rey )NP and (NP a friendly *UNKC management )NP )NP (VP are (PP in (NP control )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP After (NP the transaction )NP )PP , (NP Mr. Rey )NP (VP estimates (SBAR (S (NP (NP the value )NP (PP of (NP (NP his (ADJP 20 % )ADJP stake )NP (PP in (NP (NP the new company )NP , (SBAR (S (VP to (VP be (VP held (PP by (NP his *UNKC Holding AG )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )PP , )NP (VP will (VP be (NP (QP about 1 billion )QP Swiss francs )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP This )NP (VP will (VP be (NP (NP his return )NP (PP on (NP (NP an original investment )NP (PP of (PP between (NP (NP 50 million Swiss francs )NP and (NP 80 million Swiss francs )NP )NP )PP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP Mr. Rey )NP (VP bought (NP (NP a controlling stake )NP (PP in (NP *UNKC )NP )PP )NP (PP for (NP 18 million Swiss francs )NP )PP (PP in (NP 1982 )NP )PP , (S (VP building (PRT up )PRT (NP the *UNK- engineering company )NP (PP with (NP (UCP European and U.S. )UCP acquisitions )NP )PP )VP )S )VP . )S  STOP
(SINV `` (S (NP I )NP (VP like (S (VP to (VP succeed )VP )VP )S )VP )S , '' (VP says )VP (NP Mr. Rey )NP (PP during (NP (NP a recent morning )NP (PP of (NP (S (VP working (PP at (NP home )NP )PP )VP )S , (SBAR (WHNP which )WHNP (S (NP he )NP (ADVP also )ADVP (VP likes )VP )S )SBAR )NP )PP )NP )PP . )SINV  STOP
(S (NP Home )NP (VP is (NP (NP (NP an estate )NP (PP with (NP (NP *UNK *UNK )NP (VP opening (PP onto (NP Lake Geneva )NP )PP )VP )NP )PP )NP and (NP (NP a *UNK- house )NP (SBAR (WHNP whose rooms )WHNP (S (VP (VP *UNK (NP the water )NP )VP and (VP offer (NP (NP a view )NP (PP of (NP the French *UNKC )NP )PP )NP )VP )VP )S )SBAR )NP )NP )VP . )S  STOP
(SINV (PP In (NP (NP the corner )NP (PP of (NP his *UNK room )NP )PP )NP )PP (VP is )VP (NP (NP a *UNK *UNK desk )NP (VP *UNKED (ADVP high )ADVP (PP with (NP *UNK )NP )PP )VP )NP . )SINV  STOP
(S (NP There )NP (VP is (NP a small *UNKC )NP (PP on (NP the wall )NP )PP )VP . )S  STOP
(S (NP *UNKED magazine *UNKC )NP (VP lists (NP Mr. Rey )NP (PP as (S (VP having (NP (NP a *UNK )NP (PP of (NP (QP about 1.5 billion )QP Swiss francs )NP )PP )NP )VP )S )PP )VP . )S  STOP
(SINV (VP *UNKC )VP (NP *UNKC )NP : `` (S (NP (NP No one )NP (PP in (NP Switzerland )NP )PP )NP (ADVP ever )ADVP (VP came (ADVP so far )ADVP (ADVP so fast )ADVP )VP )S ... )SINV  STOP
(S (NP He )NP (VP was (ADVP simply )ADVP (NP (NP the first )NP (PP in (NP this country )NP )PP (SBAR (S (VP to (VP realize (SBAR that (S (NP *UNK )NP (VP were (ADVP just )ADVP (VP *UNKING (ADVP around )ADVP (S (VP waiting (S (VP to (VP be (VP picked (PRT up )PRT )VP )VP )VP )S )VP )S )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (ADJP short )ADJP )PP : (NP Rey )NP (VP found (NP (NP companies )NP (PP with (NP (NP weak earnings )NP but (NP rich assets )NP )NP )PP )NP )VP . '' )S  STOP
(S (ADVP However )ADVP , (NP (NP (NP the Swiss financial press )NP (PP in (ADJP general )ADJP )PP )NP , (CONJP as well as )CONJP (NP many analysts )NP , )NP (VP have (VP had (NP (NP a hard time )NP (S (VP making (PRT up )PRT (NP their minds )NP (PP about (NP (NP Mr. Rey )NP and (NP his *UNK- ways )NP )NP )PP )VP )S )NP )VP )VP . )S  STOP
(S (PP For (NP (NP (NP Switzerland 's )NP (ADJP most *UNK )ADJP newspaper )NP , (NP *UNKC *UNKC *UNKC )NP , )NP )PP (NP Mr. Rey )NP (VP seems (VP *UNKED (S (VP to (VP remain (NP (NP the `` former Bally raider )NP , '' (NP (NP an image )NP (SBAR (WHNP that )WHNP (S (VP has (VP proved (ADJP hard (SBAR (S (VP to (VP overcome )VP )VP )S )SBAR )ADJP )VP )VP )S )SBAR )NP )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP In (NP 1976 )NP )PP , (PP as (NP (NP an *UNK )NP (PP in (NP (NP the eyes )NP (PP of (NP (NP Switzerland 's )NP establishment )NP )PP )NP )PP )NP )PP , (NP Mr. Rey )NP (VP laid (NP (NP the *UNK )NP (PP of (NP his *UNK- *UNK )NP )PP )NP (PP with (NP (NP an *UNK- *UNK )NP (PP on (NP (NP Bally )NP , (NP (NP the country 's )NP traditional *UNK )NP )NP )PP )NP )PP )VP . )S  STOP
(S (S (VP *UNKING (PP *UNK (NP a banker )NP )PP (PP at (NP (NP a *UNK )NP (PP in (NP (NP London )NP , (SBAR (WHADVP where )WHADVP (S (NP he )NP (VP was (VP working (PP as (NP a financial consultant )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )S , (NP he )NP (VP learned (SBAR that (S (NP (NP a large *UNK )NP (PP of (NP (NP Bally 's )NP shares )NP )PP )NP (VP was (PP up (PP for (NP sale )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (S (VP *UNKING (PP into (NP Bally )NP )PP )VP )S , (NP he )NP (VP could (ADVP hardly )ADVP (VP believe (NP (SBAR (WHNP what )WHNP (S (NP he )NP (VP saw )VP )S )SBAR : (NP (NP a company )NP (PP with (NP (NP (NP enormous real-estate holdings )NP (PP in (NP major European cities )NP )PP )NP and (NP (NP a market *UNK )NP (PP of (NP (QP 28 million )QP Swiss francs )NP )PP )NP )NP )PP )NP )NP )VP )VP )S ; (S (NP it )NP (VP had (NP *UNKN employees )NP )VP )S . )S  STOP
(S (S (VP *UNKING (NP (NP (NP (QP four million )QP Swiss francs )NP (VP earned (PP from (NP his financial transactions )NP )PP )VP )NP and (NP (NP (QP two million )QP Swiss francs )NP (PP from (NP (NP his parents )NP and (NP his wife )NP )NP )PP )NP )NP )VP )S , (NP Mr. Rey )NP (VP acquired (NP (NP 20 % )NP (PP of (NP (NP Bally 's )NP shares )NP )PP )NP )VP . )S  STOP
(S But (NP such tactics )NP (VP (VP were (ADJP *UNK (PP to (NP Switzerland )NP )PP )ADJP (PP in (NP 1976 )NP )PP )VP , and (VP (ADVP still )ADVP are n't (ADJP common )ADJP (PP because of (NP (NP share restrictions )NP (SBAR (WHNP that )WHNP (S (NP companies )NP (VP are (VP allowed (S (VP to (VP maintain )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (ADVP Eventually )ADVP , (NP Mr. Rey )NP (VP was (VP forced (S (VP to (VP sell (NP his Bally shares )NP (PP to (NP the weapons maker *UNKC Holding AG )NP )PP )VP )VP )S (SBAR as (S (NP (NP establishment pressure )NP )NP (VP grew (PP on (NP (NP this hostile move )NP (PP into (NP (NP the Swiss old *UNK ' )NP network )NP )PP )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Mr. Rey )NP (VP made (NP (QP 50 million )QP Swiss francs )NP (PP on (NP the sale )NP )PP )VP . )S  STOP
(S `` (S (NP Bally )NP (VP was not (NP an *UNKLY takeover )NP )VP )S , '' (NP he )NP (VP insists )VP . )S  STOP
(S (S (S (VP Buying (PP from (NP willing shareholders )NP )PP )VP )S (VP makes (S (NP an *UNKLY takeover )NP (ADJP impossible )ADJP )S )VP )S , (NP Mr. Rey )NP (VP contends )VP . )S  STOP
(S `` (NP I )NP (VP bought (PP from (NP willing shareholders )NP )PP )VP . '' )S  STOP
(S (ADVP Nevertheless )ADVP , (NP Mr. Rey )NP (VP has (VP been (ADJP very careful (PP since (NP then )NP )PP (S (VP to (VP make (ADJP sure (SBAR (S (NP his moves )NP (VP are (ADJP welcome )ADJP )VP )S )SBAR )ADJP )VP )VP )S )ADJP )VP )VP . )S  STOP
(S And (NP he )NP (VP has (VP worked (S (VP to (VP shed (NP his raider image )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP In (NP 1979 )NP )PP , (NP (NP his career )NP (PP as (NP an *UNK )NP )PP )NP (VP began (PP with (NP (NP the acquisition )NP (PP of (NP (NP the Swiss metals works *UNKC )NP , (VP based (PP in (NP *UNKC )NP )PP )VP )NP )PP )NP )PP )VP . )S  STOP
(S (SBAR With (S (NP the *UNK metals business )NP (VP *UNKED (PP in (NP Switzerland )NP )PP (PP by (NP (NP tough foreign competition )NP and (NP high domestic costs )NP )NP )PP )VP )S )SBAR , (NP this )NP (VP looked (PP like (NP a *UNK *UNKING )NP )PP )VP . )S  STOP
(S (S But (NP Mr. Rey )NP (VP brought (PRT about )PRT (NP (NP a merger )NP (PP in (NP the next few years )NP )PP (PP between (NP (NP the country 's )NP major producers )NP )PP )NP )VP )S ; (S (NP the increased efficiency )NP (VP has (VP *UNKED (PRT up )PRT (NP the industry )NP )VP )VP )S . )S  STOP
(S (ADVP (NP Three years )NP later )ADVP , (NP machinery producer *UNKC de *UNKC *UNKC de *UNKC S.A. )NP (VP was (S (VP to (VP become (NP (NP part )NP (PP of (NP the Rey empire )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (ADVP Once again )ADVP (NP (NP the company 's )NP future )NP (VP looked (ADJP (ADJP less )ADJP (PP than (ADJP *UNK )ADJP )PP )ADJP )VP . )S  STOP
(S But (PP after (NP (NP restructuring )NP (PP under (NP new management )NP )PP )NP )PP , (NP the profits )NP (VP began (VP rolling (ADVP in )ADVP )VP )VP . )S  STOP
(S (NP (NP A major boost )NP (PP to (NP (NP (NP Mr. Rey 's )NP *UNK )NP (PP among (NP the Swiss )NP )PP )NP )PP )NP (VP came (PP in (NP 1986 )NP )PP (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP sold (NP (NP 60 % )NP (PP of (NP his *UNKC Bank )NP )PP )NP (PP to (NP the conservative Swiss *UNK banks )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP (VP *UNKED (S (NP it )NP (NP Swiss *UNKC )NP )S )VP and (VP are (VP using (NP it )NP (S (VP to (VP expand (ADVP abroad )ADVP )VP )VP )S )VP )VP )VP . )S  STOP
(S (PP In (NP 1987 )NP )PP , (NP Mr. Rey )NP (VP *UNKED (NP leading publishing houses )NP (S (VP to (VP take (PRT over )PRT (NP (NP (NP Switzerland 's )NP *UNKC *UNKC AG )NP , (NP (NP a major producer )NP (PP of (NP magazines and newspapers )NP )PP )NP )NP )VP )VP )S )VP . )S  STOP
(S And (PP with (NP (NP the recent acquisition )NP (PP of (NP (NP 30 % )NP (PP of (NP *UNKED machinery manufacturer *UNKC *UNKC AG )NP )PP )NP )PP )NP )PP , (NP Mr. Rey )NP (VP has (VP enjoyed (NP (NP the status )NP (PP of (NP white knight )NP )PP )NP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP preferred (NP him )NP (PP to (NP (NP financier *UNKC *UNKC )NP , (SBAR (WHNP (WHNP whose *UNK *UNK )WHNP (PP on (NP (NP the company 's )NP stock )NP )PP )WHNP (S (VP had (VP led (PP to (NP a bitter battle )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (SBAR as (S (NP such strategic investments )NP (VP have (VP mounted )VP )VP )S )SBAR , (NP (NP the *UNKING arm )NP (PP of (NP (NP Mr. Rey 's )NP *UNKC Holding )NP )PP )NP (VP has (VP been (VP (ADVP *UNKLY )ADVP buying and selling (NP (NP dozens )NP (PP of (NP companies )NP )PP )NP , (PP (ADVP often )ADVP after (NP a financial or corporate restructuring )NP )PP )VP )VP )VP . )S  STOP
(S (NP Today )NP , (NP (NP this branch )NP (PP of (NP (NP Mr. Rey 's )NP empire )NP )PP )NP (VP (VP runs (PP under (NP the name *UNKC *UNKING Services )NP )PP )VP and (VP handles (NP (NP mergers and acquisitions )NP , (NP (NP *UNK )NP (PP of (NP securities )NP )PP )NP and (NP real estate )NP )NP )VP )VP . )S  STOP
(SINV (PP In (NP its portfolio )NP )PP (VP are )VP (NP (NP such *UNK companies )NP (PP as (NP (NP (ADJP United *UNKED )ADJP Air Europe )NP ; (NP (NP *UNKC Inc. )NP , (NP (NP a U.S. company )NP (SBAR (WHNP that )WHNP (S (VP makes (NP supermarket *UNK machines )NP )VP )S )SBAR )NP )NP ; (NP (NP *UNKC Industries )NP , (NP (NP a U.S. manufacturer )NP (PP of (NP securities systems )NP )PP )NP )NP ; (NP (NP *UNKC Systems Inc. )NP , (NP a U.S. regional telephone company )NP )NP ; and (NP (NP major real-estate projects )NP (PP in (NP (NP the U.S. )NP and (NP Europe )NP )NP )PP )NP )NP )PP )NP . )SINV  STOP
(S (PP For (NP financial analysts )NP )PP , (S (VP reading (NP (NP *UNKC 's )NP accounts )NP )VP )S (VP is (NP a tough challenge )NP )VP . )S  STOP
(SINV `` (S (NP Companies )NP (VP move (ADVP in and out )ADVP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP (PP of (NP *UNK Swiss Investment )NP )PP )NP . )SINV  STOP
(S (NP Financial analysts )NP (VP note (SBAR that (S (NP Mr. Rey )NP (VP is (VP attracted (PP to (NP (NP companies )NP (SBAR (WHNP that )WHNP (S (VP are (VP *UNKED (PP on (NP (NP the basis )NP (PP of (NP their real-estate interests )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP August )NP )PP , (NP *UNKC )NP (VP (ADVP unexpectedly )ADVP bought (NP (NP (NP *UNKC 's )NP 80 % stake )NP (PP in (NP (NP (NP *UNKC AG )NP (PP of (NP West Germany )NP )PP )NP , (NP a *UNK- company )NP )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP The internal transaction )NP (PP within (NP the Rey empire )NP )PP )NP (VP *UNKED (NP (NP *UNKC 's )NP small shareholders )NP )VP )S , but (S (NP analysts )NP (VP say (SBAR (S (NP (NP it )NP )NP (VP makes (NP sense )NP (SBAR for (S (NP *UNKC )NP (VP to (VP focus (PP on (NP (NP its main businesses )NP (PP of (NP (NP product *UNK )NP and (NP temporary help )NP )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP )S . )S  STOP
(S (NP Mr. Rey )NP (VP says (SBAR (S (NP the move )NP (VP is (NP (NP (ADJP yet another )ADJP example )NP (PP of (NP his *UNK )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP explains (SBAR that (S (NP (NP companies )NP (PP with (NP real estate )NP )PP )NP (VP give `` (NP security )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP The real estate )NP (VP can (VP be (VP used (PRN , (S (NP he )NP (VP points (PRT out )PRT )VP )S , )PRN (PP as (NP (NP guarantees )NP (PP for (NP (NP bank loans )NP (PP for (NP corporate development )NP )PP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP He )NP (VP says (SBAR (S (NP he )NP (VP wants (S (VP to (VP `` influence '' but not `` manage '' (NP companies )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S `` (NP I )NP (VP do n't (VP want (S (VP to (VP be (PP like (NP (NP -LCB- financier Alan -RCB- Bond )NP and (NP the other *UNKC )NP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP I )NP (VP do n't (VP want (S (NP companies )NP (VP to (VP be (VP built (PP around (NP (NP me )NP (PP as (NP a person )NP )PP )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP I )NP (VP want (S (NP them )NP (VP to (VP stand (ADVP alone )ADVP )VP )VP )S )VP . )S  STOP
(S (S (NP *UNKC Corp. )NP (VP signed (NP (NP a letter )NP (PP of (NP intent (S (VP to (VP market (NP Hewlett-Packard Co. *UNK )NP )VP )VP )S )NP )PP )NP )VP )S , (NP the companies )NP (VP said )VP . )S  STOP
(S (S (NP *UNKC )NP (VP expects (S (NP the (ADJP 3 *UNK- )ADJP agreement )NP (VP to (VP generate (NP (NP (QP $ 100 million )QP )NP (PP in (NP sales )NP )PP )NP )VP )VP )S )VP )S , but (S (NP it )NP (VP would n't (VP estimate (NP profit )NP )VP )VP )S . )S  STOP
(S (PP Under (NP (NP terms )NP (PP of (NP the pact )NP )PP )NP )PP , (NP (NP *UNKC )NP , (NP a *UNK- concern )NP , )NP (VP will (VP market (NP (NP the full line )NP (PP of (NP *UNK *UNKN series 800 *UNK *UNK )NP )PP )NP )VP )VP . )S  STOP
(S (NP Hewlett-Packard )NP (VP is (VP based (PP in (NP (NP Palo Alto )NP , (NP Calif )NP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP (NP the second step )NP (PP of (NP (NP a reorganization )NP (SBAR (WHNP that )WHNP (S (VP began (NP earlier this year )NP )VP )S )SBAR )NP )PP )NP )PP , (NP Boeing Co. )NP (VP said (SBAR (S (NP it )NP (VP will (VP create (NP (NP a Defense and Space Group )NP (SBAR (S (VP to (VP *UNK (NP several divisions )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP Boeing officials )NP and (NP (NP representatives )NP (PP of (NP the Machinists union )NP )PP )NP )NP (VP met (ADVP separately )ADVP (NP last night )NP (PP with (NP a federal mediator )NP )PP (PP in (NP an attempt (S (VP to (VP break (NP (NP the *UNK- strike )NP (SBAR (WHNP that )WHNP (S (VP has (VP shut (NP (NP the aerospace giant 's )NP assembly lines )NP (PP at (NP (NP a time )NP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP has (NP (NP an (ADJP (QP $ 80 billion )QP )ADJP backlog )NP (PP of (NP *UNK orders )NP )PP )NP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )NP )PP )VP . )S  STOP
(S (NP The two sides )NP (VP were (VP scheduled (S (VP to (VP meet (PP with (NP the mediator )NP )PP (NP this morning )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Machinists )NP (ADVP already )ADVP (VP have (VP rejected (NP (NP a package )NP (SBAR (WHNP that )WHNP (S (VP would (VP provide (NP (NP a (ADJP 10 % )ADJP pay raise )NP plus (NP bonuses )NP )NP (PP over (NP (NP the three-year life )NP (PP of (NP the contract )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (S (NP Boeing )NP (VP has (VP said (ADVP repeatedly )ADVP (SBAR (S (NP it )NP (VP wo n't (VP expand (NP its offer )NP )VP )VP )S )SBAR )VP )VP )S and (S (NP the machinists )NP (VP have (VP responded (SBAR that (S (NP the offer )NP (VP is n't (ADJP good enough )ADJP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (ADVP However )ADVP , (NP (NP the resolve )NP (PP of (NP (NP some )NP (PP of (NP the striking *UNKN machinists )NP )PP )NP )PP )NP (VP might (VP be (VP weakening )VP )VP )VP . )S  STOP
(S (NP (QP About 1,000 )QP *UNK )NP (VP signed (NP *UNK )NP (NP last week )NP (S (VP calling (SBAR for (S (NP (NP Boeing )NP and (NP Machinists representatives )NP )NP (VP to (VP schedule (NP new meetings )NP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP The two sides )NP (VP had n't (VP met (PP since (NP Oct. 18 )NP )PP )VP )VP . )S  STOP
(S (SBAR While (S (NP (NP Boeing 's )NP commercial business )NP (VP is (ADJP booming )ADJP )VP )S )SBAR , (NP its military business )NP (VP is (VP feeling (NP (NP the effects )NP (PP of (NP a declining defense budget )NP )PP )NP (PP after (NP (NP a strong *UNK )NP (PP during (NP the Reagan presidency )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (PP In (NP May )NP )PP , (NP the company )NP (VP consolidated (NP its Aerospace and Electronics groups )NP )VP )S ; (S (NP the new Defense and Space Group )NP (VP will (VP contain (NP (NP (NP (NP the Aerospace and Electronics division )NP and (NP Advanced Systems )NP )NP , (NP (NP both )NP (VP based (PP in (NP the Seattle area )NP )PP )VP )NP )NP ; (NP (NP Boeing *UNKC )NP (PP in (NP Philadelphia )NP )PP )NP ; (NP (NP Boeing *UNKC *UNKC )NP (PP in (NP (NP *UNKC )NP , (NP *UNKC )NP )NP )PP )NP , and (NP (NP *UNKC )NP (PP in (NP (NP Sunnyvale )NP , (NP Calif )NP )NP )PP )NP )NP )VP )VP )S . )S  STOP
(S (NP (NP B. Dan *UNKC )NP , (NP (NP president )NP (PP of (NP Boeing Aerospace and Electronics )NP )PP )NP , )NP (VP will (VP become (NP (NP president )NP (PP of (NP (NP the new group )NP , (SBAR (WHNP which )WHNP (S (VP will (VP become (ADJP operational )ADJP (NP Jan. 2 )NP )VP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP Boeing )NP (VP said (SBAR (S (NP it )NP (ADVP also )ADVP (VP will (VP *UNK (NP (NP all its work )NP (PP in (NP *UNKC )NP )PP )NP (PP into (NP military and commercial divisions )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP All )NP (PP of (NP the changes )NP )PP )NP (VP will (VP (VP reduce (NP its overhead )NP )VP and (VP *UNK (NP operations )NP )VP )VP )VP )S , (NP Boeing )NP (VP said )VP . )S  STOP
(S (NP Analysts )NP (VP agreed )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's (NP (NP a further step )NP (PP to (NP (NP better returns )NP (PP in (NP the *UNKING defense business )NP )PP )NP )PP )NP )VP )S , '' (VP said )VP (NP (NP Steven *UNKC )NP , (NP (NP an analyst )NP (PP with (NP (NP Bear , Stearns & Co. )NP (PP in (NP New York )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP They )NP (VP had (S (VP to (VP do (NP it )NP )VP )VP )S )VP . '' )S  STOP
(S (NP (NP Howard *UNKC )NP , (NP (NP an analyst )NP (PP with (NP (NP *UNKC Lawrence , Morgan Grenfell Inc. )NP (PP in (NP New York )NP )PP )NP )PP )NP , )NP (VP said (SBAR (S (NP the shift )NP (VP reflects (NP (NP Boeing confidence )NP (PP in (NP (NP Mr. *UNKC )NP , (VP described (PP by (NP Mr. *UNKC )NP )PP (PP as (NP (NP an expert )NP (PP on (S (VP doing (NP business )NP (PP with (NP the military )NP )PP )VP )S )PP )NP )PP )VP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP (NP His side )NP (PP of (NP the business )NP )PP )NP (VP has (VP been (ADJP successful )ADJP (PP in (NP a tough environment )NP )PP )VP )VP )S , '' (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (NP (NP A *UNK- meeting )NP (PP of (NP (NP representatives )NP (PP of (NP (NP *UNKC )NP , (NP (NP the *UNK- group )NP (SBAR (WHNP that )WHNP (S (VP oversees (NP (NP exports )NP (PP of (NP sensitive goods )NP )PP (PP to (NP communist countries )NP )PP )NP )VP )S )SBAR )NP , )NP )PP )NP )PP )NP (VP did n't (VP take (NP (NP any *UNK decisions )NP (PP on (S (VP *UNKING (NP (NP the list )NP (PP of (NP (NP items )NP (PP under (NP controls )NP )PP )NP )PP )NP )VP )S )PP )NP )VP )VP . )S  STOP
(SINV Nor did (NP it )NP (VP ease (NP (NP restrictions )NP (PP on (NP (NP exports )NP (PP to (NP Poland and Hungary )NP )PP )NP )PP )NP , (PP according (PP to (NP (NP U.S. officials )NP (SBAR (WHNP who )WHNP (S (VP attended (NP the talks )NP )VP )S )SBAR )NP )PP )PP )VP . )SINV  STOP
(S (NP The U.S. )NP (VP had (VP been (PP under (NP (NP pressure )NP (PP from (NP (NP several *UNKC members )NP , (ADVP especially )ADVP (NP (NP France )NP , (NP West Germany )NP and (NP Italy )NP )NP , )NP )PP (S (VP to (VP ease (NP (NP restrictions )NP (PP on (NP (NP some types )NP (PP of (NP (NP machine tools )NP , (SBAR (WHNP which )WHNP (S (NP those countries )NP (VP argued (SBAR (S (VP were (ADVP now )ADVP (ADJP widely available (PP to (NP East *UNKC countries )NP )PP (PP from (NP *UNK- members )NP )PP )ADJP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )PP )NP )VP )VP )S )NP )PP )VP )VP . )S  STOP
(S (PP For (NP several years )NP )PP (NP some European countries )NP (VP have (VP complained (SBAR that (S (NP *UNKED *UNKC lists and restrictions )NP (VP served (ADVP (ADVP more )ADVP )ADVP (S (VP to (VP *UNK (NP their trade )NP )VP )VP )S (SBAR than (S (VP to (VP add (PP to (NP Western security )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Some countries )NP (ADVP also )ADVP (VP have (VP been (VP pressing (PP for (NP (NP special treatment )NP (PP for (NP Hungary and Poland )NP )PP )NP )PP (SBAR as (S (NP they )NP (VP move (PP toward (NP more democratic rule )NP )PP )VP )S )SBAR , (SBAR just as (S (NP (NP special treatment )NP )NP (VP had (VP been (VP agreed (PRT on )PRT (PP for (NP China )NP )PP )VP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S But (NP U.S. officials )NP (VP said (SBAR (S (NP (NP representatives )NP (PP at (NP the meeting )NP )PP )NP (VP decided (SBAR that (S (NP this )NP (VP was `` (NP (NP a matter )NP (PP for (NP (NP further discussion )NP (PP at (NP future meetings )NP )PP )NP )PP )NP )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (NP They )NP (VP added (SBAR that `` (S (S (NP (NP all )NP (PP of (NP (NP us )NP (PRN -LRB- (NP *UNKC members )NP -RRB- )PRN )NP )PP )NP (VP look (PP at (NP (NP the changes )NP (PP in (NP Hungary and Poland )NP )PP )NP )PP (PP in (NP a positive way )NP )PP )VP )S , but (S (NP (NP a question )NP (PP of (NP this *UNK )NP )PP )NP (VP *UNK (NP further discussion and study )NP )VP )S )S )SBAR )VP . '' )S  STOP
(S (NP The officials )NP (ADVP also )ADVP (VP said (SBAR (S (NP the meeting )NP (VP agreed (S (VP (VP to (VP continue (S (VP *UNKING (NP China )NP (PP as (NP a special case )NP )PP )VP )S , (PP despite (NP (NP the recent *UNK )NP (PP of (NP *UNK )NP )PP (ADVP there )ADVP )NP )PP )VP )VP , but (VP to (VP offer (NP no further concessions )NP )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The U.S. officials )NP (VP said (SBAR that (S (PP despite (NP (NP the rapid changes )NP (PP under (NP way )NP )PP (PP in (NP (NP Eastern Europe )NP and (NP the Soviet Union )NP )NP )PP )NP )PP , (NP all the *UNKC members )NP (VP agreed (PP on `` (NP (NP the continuing need )NP (PP for (NP (NP this organization )NP , '' (SBAR (WHNP which )WHNP (S (VP was (VP founded (ADVP (NP 40 years )NP ago )ADVP (PP at (NP (NP the start )NP (PP of (NP the *UNKC War )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The officials )NP (VP said (SBAR (S (NP the meeting )NP (VP agreed (S (VP (VP to (VP continue (S (VP working (PP toward (S (VP `` streamlining '' (NP (NP *UNKC 's )NP restricted products list )NP )VP )S )PP )VP )S )VP )VP , and (VP to (VP improve (NP (NP procedures )NP (PP for (S (VP *UNKING (NP (NP companies )NP (SBAR (WHNP that )WHNP (S (VP do n't (VP comply (PP with (NP the export restrictions )NP )PP )VP )VP )S )SBAR )NP )VP )S )PP )NP )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The officials )NP (VP said (SBAR (SBAR (S (NP this meeting )NP (VP `` put (PP in (NP motion )NP )PP '' (NP (NP procedural steps )NP (SBAR (WHNP that )WHNP (S (VP would (VP speed (PRT up )PRT (NP (NP both )NP (PP of (NP these functions )NP )PP )NP )VP )VP )S )SBAR )NP )VP )S )SBAR , but (SBAR that (S (NP (NP no specific decisions )NP )NP (VP were (VP taken (PP on (NP either matter )NP )PP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP (NP (NP Unisys Corp. 's )NP announcement )NP (NP Friday )NP (PP of (NP (NP a (ADJP $ *UNKN million )ADJP loss )NP (PP for (NP the third quarter )NP )PP )NP )PP )NP (VP showed (SBAR that (S (NP the company )NP (VP is (VP moving (ADVP (ADVP even faster )ADVP (SBAR than (S (VP expected )VP )S )SBAR )ADVP (S (VP to (VP (VP take (NP *UNK- )NP (PP on (NP its various problems )NP )PP )VP and (VP prepare (PP for (NP (NP a turnaround )NP (NP next year )NP )NP )PP )VP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP At (NP the same time )NP )PP , (NP (NP (NP the *UNK size )NP (PP of (NP the loss )NP )PP )NP , (VP *UNKED (PP with (NP (NP a slowing )NP (PP of (NP orders )NP )PP )NP )PP )VP , )NP (VP made (S (NP some securities analysts )NP (VP wonder (SBAR (WHADJP just how strong )WHADJP (S (NP that turnaround )NP (VP will (VP be (PP at (NP the computer maker and *UNK- concern )NP )PP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S `` (NP Unisys )NP (VP is (VP getting (VP *UNKED )VP )VP )VP . )S  STOP
(SINV (S (VP (ADVP Just )ADVP *UNKED )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP an analyst )NP (PP at (NP *UNKC & Associates )NP )PP (SBAR (WHNP who )WHNP (S (VP had (ADVP once )ADVP (VP been (ADJP high (PP on (NP the company )NP )PP )ADJP )VP )VP )S )SBAR )NP )NP . )SINV  STOP
(S `` (S (NP The quarter )NP (VP was (ADJP *UNK )ADJP )VP )S , and (S (NP the future )NP (VP looks (ADJP anything but encouraging )ADJP )VP )S . '' )S  STOP
(S (NP (NP Unisys )NP , (SBAR (WHNP whose revenue )WHNP (S (VP *UNKED (ADVP up )ADVP (NP 3.7 % )NP (PP in (NP the quarter )NP )PP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP (PP in (NP the year-earlier quarter )NP )PP )PP )VP )S )SBAR , )NP (VP had (NP (NP an operating loss )NP (PP of (NP (QP about $ 30 million )QP )NP )PP )NP )VP . )S  STOP
(S (PP On (NP (NP top )NP (PP of (NP that )NP )PP )NP )PP , (NP the (NAC *UNKC Bell , Pa. , )NAC concern )NP (VP took (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP charge )NP (ADJP related (PP to (NP (NP the *UNK )NP (PP of (NP 8,000 employees )NP )PP )NP )PP )ADJP )NP )VP . )S  STOP
(S (NP That )NP (VP is (PP at (NP (NP the high end )NP (PP of (NP (NP the range )NP (PP of (NP (NP (QP *UNKN to 8,000 )QP employees )NP (SBAR (WHNP that )WHNP (S (NP Unisys )NP (VP said (ADVP (NP a month )NP ago )ADVP (SBAR (S (VP would (VP be (VP laid (PRT off )PRT )VP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Unisys )NP (VP said (SBAR (S (NP that )NP (VP should (VP help (S (NP it )NP (VP save (NP (NP (NP (QP $ 500 million )QP )NP (NP a year )NP )NP (PP in (NP costs )NP )PP , (PP (ADVP again )ADVP at (NP (NP the high end )NP (PP of (NP (NP the (ADVP previously reported )ADVP range )NP (PP of (NP (QP $ 400 million to $ 500 million )QP )NP )PP )NP )PP )NP )PP )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (ADVP also )ADVP (VP took (NP (NP a *UNK- )NP (PP of (NP (QP $ 150 million )QP )NP )PP )NP (S (VP to (VP cover (NP (NP losses )NP (PP on (NP some *UNK- defense contracts )NP )PP )NP )VP )VP )S , (SBAR as (S (NP some new managers )NP (VP took (NP (NP a hard look )NP (PP at (NP (NP the prospects )NP (PP for (NP that *UNKING business )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP Unisys )NP (VP set (PRT up )PRT (NP (NP an unspecified reserve )NP (PRN -- (ADVP apparently )ADVP (NP (QP $ 60 million to $ 70 million )QP )NP -- )PRN )NP (S (VP to (VP cover (NP (NP the minimum amount )NP (SBAR (S (NP it )NP (VP will (VP have (S (VP to (VP pay (NP the government )NP (PP because of (NP (NP its involvement )NP (PP in (NP the *UNK- scandal )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (NP Unisys )NP (ADVP also )ADVP (VP noted (SBAR that (S (NP it )NP (VP paid (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP taxes )NP )PP )NP (PP during (NP the quarter )NP )PP , (SBAR even though (S (NP tax payments )NP (ADVP normally )ADVP (VP would (VP be (ADJP minimal )ADJP (PP in (NP (NP a quarter )NP (SBAR (WHNP that )WHNP (S (VP produced (NP such a big loss )NP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP The tax payments )NP (VP will (VP leave (NP Unisys )NP (PP with (NP (NP (QP $ 225 million )QP )NP (PP in (NP (NP loss *UNK- )NP (SBAR (WHNP that )WHNP (S (VP will (VP cut (NP tax payments )NP (PP in (NP future quarters )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP Unisys )NP (VP said (SBAR (S (NP it )NP (VP reduced (NP computer inventories )NP (NP a further (QP $ 100 million )QP )NP (PP during (NP the quarter )NP )PP , (S (VP leaving (S (NP it )NP (PP within (NP (NP (QP $ 100 million )QP )NP (PP of (NP (NP its goal )NP (PP of (NP (NP a reduction )NP (PP of (NP (QP $ 500 million )QP )NP )PP (PP by (NP (NP the end )NP (PP of (NP the year )NP )PP )NP )PP )NP )PP )NP )PP )NP )PP )S )VP )S )VP )S )SBAR )VP . )S  STOP
(S (ADVP Still )ADVP , (NP Unisys )NP (VP said (SBAR (S (NP its European business )NP (VP was (ADJP weak )ADJP (PP during (NP the quarter )NP )PP , (NP (NP a *UNK sign )NP (PP given (SBAR that (S (NP the company )NP (VP has (VP *UNKED (PP on (NP (NP solid results )NP (ADVP overseas )ADVP )NP )PP (S (VP to (VP overcome (NP (NP weakness )NP (PP in (NP the U.S. )NP )PP )NP )VP )VP )S (PP over (NP the past several quarters )NP )PP )VP )VP )S )SBAR )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (ADVP also )ADVP (VP reported (NP (NP slower growth )NP (PP in (NP (NP another important business )NP : (NP (NP systems )NP (SBAR (WHNP that )WHNP (S (VP use (NP the *UNKC operating system )NP )VP )S )SBAR )NP )NP )PP )NP )VP . )S  STOP
(S (NP That )NP (VP would (VP be (NP a huge problem )NP (SBAR if (S (NP it )NP (VP were (S (VP to (VP continue )VP )VP )S )VP )S )SBAR , (SBAR because (S (NP Unisys )NP (VP is (VP betting (NP its business )NP (PP on (NP the assumption (SBAR that (S (NP customers )NP (VP want (S (VP to (VP move (UCP (ADVP away (PP from (S (VP using (NP (NP operating systems )NP (SBAR (WHNP that )WHNP (S (VP run (PP on (NP (NP only one manufacturer 's )NP equipment )NP )PP )VP )S )SBAR )NP )VP )S )PP )ADVP and (PP toward (NP (NP (NP systems )NP (PRN -- (NP (ADVP mainly )ADVP *UNKC )NP -- )PRN )NP (SBAR (WHNP that )WHNP (S (VP work (PP on (NP (NP almost anyone 's )NP machines )NP )PP )VP )S )SBAR )NP )PP )UCP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP Unisys )NP (VP must (VP deal (PP with (NP its (ADJP increasingly *UNK )ADJP debt load )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP has (VP risen (PP to (NP (NP (QP around $ 4 billion )QP )NP , or (NP (NP (QP about 50 )QP % )NP (PP of (NP total capitalization )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP That )NP (VP means (SBAR (S (NP Unisys )NP (VP must (VP pay (NP (NP (QP about $ 100 million )QP )NP (PP in (NP interest )NP )PP )NP (NP every quarter )NP , (PP on (NP (NP top )NP (PP of (NP (NP (QP $ 27 million )QP )NP (PP in (NP (NP dividends )NP (PP on (NP preferred stock )NP )PP )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Jim *UNKC )NP , (NP (NP Unisys 's )NP president )NP , )NP (VP said (SBAR (S (NP he )NP (VP is (VP *UNKING (NP next year )NP (PP with (NP caution )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP (VP said (SBAR (S (NP (NP the strength )NP (PP of (NP the world-wide economy )NP )PP )NP (VP is (ADJP suspect )ADJP )VP )S )SBAR )VP , and (VP does n't (VP see (NP (NP much revenue growth )NP (PP in (NP the cards )NP )PP )NP )VP )VP )VP . )S  STOP
(S (NP He )NP (ADVP also )ADVP (VP said (SBAR that (S (NP (NP the price wars )NP (VP *UNKING (ADVP up )ADVP (PP in (NP (NP parts )NP (PP of (NP the computer industry )NP )PP )NP )PP )VP )NP (VP will (VP continue (PP through (NP next year )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP (NP the move )NP (PP toward (NP standard operating systems )NP )PP )NP (VP means (SBAR (S (NP customers )NP (VP (VP are n't (VP locked (PP into (S (VP buying (PP from (NP their traditional computer supplier )NP )PP )VP )S )PP )VP )VP and (VP can (VP force (S (NP prices )NP (ADVP down )ADVP )S )VP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (S (NP That )NP (PRN , (S (NP he )NP (VP said )VP )S , )PRN (VP is (SBAR (WHADVP why )WHADVP (S (NP Unisys )NP (VP is (VP *UNKING (NP its whole business )NP )VP )VP )S )SBAR )VP )S : (S (NP It )NP (VP needs (S (VP to (VP prepare (PP for (NP (NP a world )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP profit margins )NP (VP will (VP be (ADJP (ADJP lower )ADJP (SBAR than (S (NP computer companies )NP (VP have (VP been (VP used (S (VP to )VP )S )VP )VP )VP )S )SBAR )ADJP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )S . )S  STOP
(S `` (S (NP We )NP (VP 've (VP approached (NP this )NP (PP not (PP as (NP (NP a response )NP (PP to (NP (NP a temporary condition )NP (PP in (NP the industry )NP )PP )NP )PP )NP )PP but (PP as (NP (NP a fundamental change )NP (SBAR (S (NP the industry )NP (VP is (VP going (PP through )PP )VP )VP )S )SBAR )NP )PP )PP )VP )VP )S , '' (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S `` (S (NP The *UNK- industry )NP (VP is (ADVP still )ADVP (VP going (S (VP to (VP be (NP a *UNK- business )NP )VP )VP )S )VP )VP )S , and (S (NP we )NP (VP 're (ADJP confident (SBAR that (S (NP (NP we )NP )NP (VP have (NP tremendous assets )NP (PP as (NP a company )NP )PP )VP )S )SBAR )ADJP )VP )S . )S  STOP
(S But (NP we )NP (VP do n't (VP *UNK (NP (NP the challenges )NP (PP of (NP the near term )NP )PP )NP )VP )VP . '' )S  STOP
(S (NP Securities analysts )NP (VP were (ADJP even more cautious )ADJP , (S (VP having (VP been (VP *UNKED (ADVP repeatedly )ADVP (PP on (NP Unisys )NP )PP (NP this year )NP )VP )VP )VP )S )VP . )S  STOP
(S (NP Some )NP (VP had (VP predicted (NP (NP (NP earnings )NP (PP of (NP (NP (QP more than $ 4 )QP )NP (NP a share )NP )NP )PP )NP )NP (PP for (NP this year )NP )PP , (ADVP up (PP from (NP (NP (NP last year 's )NP (ADJP fully diluted )ADJP $ *UNKN )NP (NP a share )NP (PP on (NP (NP earnings )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )NP )PP )ADVP )VP )VP . )S  STOP
(S But (NP the company )NP (VP said (NP Friday )NP (SBAR that (S (NP it )NP (VP had (NP (NP losses )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP (PP through (NP the first nine months )NP )PP , (PP compared (PP with (NP (NP earnings )NP (NP a year earlier )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP (ADJP fully diluted )ADJP )NP )NP )PP )NP )PP )PP , (SBAR as (S (NP revenue )NP (VP *UNKED (ADVP up )ADVP (NP 1.4 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S And (NP Unisys )NP (VP is (VP expected (S (VP to (VP do (ADVP (ADVP little better )ADVP (SBAR than (S (VP break (ADVP even )ADVP (PP in (NP the fourth quarter )NP )PP )VP )S )SBAR )ADVP )VP )VP )S )VP )VP . )S  STOP
(S So (NP (NP Steve *UNKC )NP (PP at (NP First Boston )NP )PP )NP (VP said (SBAR (S (NP he )NP (VP is (VP cutting (NP (NP his earnings estimate )NP (PP for (NP next year )NP )PP )NP (PP to (NP (NP $ 2 )NP (NP a share )NP )NP )PP (PP from (NP $ 3 )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP I )NP (VP was (VP feeling (SBAR like (S (NP I )NP (VP was (ADJP too high )ADJP (S (VP to (VP begin (ADVP with )ADVP )VP )VP )S )VP )S )SBAR )VP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP (PP of (NP *UNKC & Associates )NP )PP )NP (VP (VP said (SBAR (S (NP he )NP (VP will (VP remain (PP at (NP (NP $ 1 )NP (NP a share )NP )NP )PP (PP for (NP next year )NP )PP )VP )VP )S )SBAR )VP but (VP said (SBAR (S (NP he )NP (VP *UNK (SBAR whether (S (NP even that low target )NP (VP is (PP at (NP risk )NP )PP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S `` (S (S (NP (NP The *UNK- point )NP (PP for (NP next year )NP )PP )NP (VP is (ADJP much lower )ADJP )VP )S , but (SQ is (NP it )NP (ADJP low enough )ADJP ? )SQ )S '' (NP he )NP (VP asked )VP . )S  STOP
(S (S (VP *UNKING (NP the concern )NP )VP )S , (NP Unisys stock )NP (VP fell (NP a further 75 cents )NP (PP to (NP $ *UNKN )NP )PP (PP in (NP composite trading )NP )PP (NP Friday )NP (PP on (NP the New York Stock Exchange )NP )PP )VP . )S  STOP
(S (SBAR If (S (NP a TV *UNK )NP (VP gets (NP *UNK )NP (S (VP facing (NP the camera )NP (ADVP again )ADVP (PP after (NP a *UNK forecast )NP )PP )VP )S )VP )S )SBAR , (NP Donald H. Straszheim )NP (ADVP surely )ADVP (VP *UNK )VP . )S  STOP
(S (NP (NP The chief economist )NP (PP of (NP Merrill Lynch & Co. )NP )PP )NP (VP finds (S (NP himself )NP (PP in (NP such a position )NP )PP )S (SBAR as (S (NP he )NP (VP *UNK (NP the Midwest )NP (PP on (NP (NP his first road trip )NP (PP since (S (VP *UNKING (PP on (NP a major *UNK )NP )PP )VP )S )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Mr. Straszheim )NP (VP expects (SBAR (S (NP he )NP (VP will (VP take (NP some heat )NP )VP )VP )S )SBAR )VP )S , and (S (NP he )NP (VP 's (ADJP right )ADJP )VP )S . )S  STOP
(S (PP Since (NP (NP the last time )NP (SBAR (S (NP he )NP (VP *UNKED (NP this way )NP (ADVP (NP several months )NP ago )ADVP )VP )S )SBAR )NP )PP , (NP he )NP (VP has (VP *UNKED (NP (NP a series )NP (PP of (NP (NP bold forecasts )NP (PP of (NP a recession )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (PP In (NP February 1988 )NP )PP , (PP for (NP example )NP )PP , (NP (NP Merrill Lynch 's )NP weekly *UNK )NP (VP announced (SBAR that `` (S (NP the economy )NP (VP is (ADJP likely (S (VP to (VP fall (PP into (NP recession )NP )PP (PP in (NP early 1989 )NP )PP )VP )VP )S )ADJP )VP )S )SBAR )VP . '' )S  STOP
(S (S (NP The forecasts )NP (VP were (VP (ADVP widely )ADVP *UNKED )VP )VP )S , and , (S (PP in (NP (NP a *UNK ad campaign )NP (VP launched (PP in (NP (NP the summer )NP (PP of (NP 1988 )NP )PP )NP )PP )VP )NP )PP , (NP Merrill Lynch )NP (VP urged (NP investors )NP (S (VP to (VP buy (NP bonds )NP )VP )VP )S )VP )S . )S  STOP
(S (NP It )NP (VP said (SBAR (S (NP (NP long-term interest rates )NP , (PP (ADVP then )ADVP above (NP 9 % )NP )PP )NP , (VP could (VP drop (PP to (NP 7 % )NP )PP (PP by (NP (NP the end )NP (PP of (NP 1989 )NP )PP )NP )PP , (SBAR so (S (NP (NP bonds )NP , (SBAR (WHNP which )WHNP (S (VP benefit (PP from (NP falling rates )NP )PP )VP )S )SBAR , )NP (VP would (VP be (NP a good buy )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The firm )NP (ADVP also )ADVP (VP raised (NP (NP the percentage )NP (PP of (NP bonds )NP )PP (PP in (NP its model portfolio )NP )PP )NP (PP from (NP 40 % )NP )PP (PP (PP to (NP 45 % )NP )PP and (PP (ADVP later )ADVP to (NP 55 % )NP )PP )PP )VP . )S  STOP
(S But (NP this September )NP (PRN -- (SBAR (WHADVP just when )WHADVP (S (NP many market economists )NP , (PP including (NP (NP some )NP (PP at (NP Merrill Lynch )NP )PP )NP )PP , (VP believed (SBAR that (S (NP Mr. Straszheim )NP (VP was (VP about (S (VP to (VP be (VP proved (S (ADJP right )ADJP )S )VP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR -- )PRN (NP he )NP (VP took (NP (NP a *UNK )NP (CONJP if not )CONJP (NP a *UNKC )NP )NP )VP . )S  STOP
(S (NP He )NP (VP *UNKED (NP (NP the talk )NP (PP about (NP a recession )NP )PP )NP )VP . )S  STOP
(S (ADVP Now )ADVP , (PP in (NP fact )NP )PP , (NP he )NP (VP is (VP predicting (NP (NP (NP economic growth )NP (PP of (NP (NP (NP 2.9 % )NP (NP this year )NP )NP and (NP (NP 2.1 % )NP (NP next year )NP )NP )NP )PP )NP , (NP (NP a (ADJP more optimistic )ADJP outlook )NP (PP than (NP (NP the consensus )NP (PP of (NP (NP (QP some four dozen )QP top *UNK )NP (VP surveyed (PP by (NP *UNKC *UNKC Economic *UNKC newsletter )NP )PP )VP )NP )PP )NP )PP )NP )NP )VP )VP . )S  STOP
(S And , (ADVP just recently )ADVP , (NP Merrill Lynch )NP (VP cut (NP the recommended *UNK )NP (ADVP back (PP to (NP 50 % )NP )PP )ADVP )VP . )S  STOP
(S (S (SBAR While (S (NP such changes )NP (VP might (VP sound (ADJP minor )ADJP )VP )VP )S )SBAR , (NP they )NP (VP are n't )VP )S : (S (NP Merrill Lynch )NP (VP manages or oversees (NP (NP (QP some $ 300 billion )QP )NP (PP in (NP (NP retail accounts )NP (SBAR (WHNP that )WHNP (S (VP include (NP (NP everything )NP (PP (PP from (NP mutual funds )NP )PP (PP to (NP individual *UNK )NP )PP )PP )NP )VP )S )SBAR )NP )PP )NP )VP )S . )S  STOP
(S (NP (NP Two well-known colleagues )NP (SBAR (WHNP who )WHNP (S (VP believe (SBAR (S (NP Mr. Straszheim )NP (VP was (ADJP right )ADJP (NP the first time )NP )VP )S )SBAR )VP )S )SBAR )NP (VP are (NP (NP (NP David *UNKC Jr. )NP and (NP A. Gary *UNKING )NP )NP , (SBAR (WHNP (NP both )NP (WHPP of (WHNP whom )WHNP )WHPP )WHNP (S (VP run (NP their own New York research firms )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (PP in (NP August )NP )PP (SBAR that (S (NP his *UNK index )NP (VP signaled (NP recession )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Mr. *UNKING )NP , (SBAR (WHNP who )WHNP (S (VP was (NP (NP Merrill Lynch 's )NP chief economist )NP (PP (PP from (NP *UNKN )NP )PP (PP to (NP 1971 )NP )PP )PP )VP )S )SBAR , )NP (VP has (VP *UNKED (NP a recession )NP (PP for (NP months )NP )PP )VP )VP . )S  STOP
(S `` (S (NP My own personal opinion )NP (VP is (SBAR that (S (NP Don )NP (VP threw (PP in (NP the *UNK )NP )PP (PP (ADVP just )ADVP about (NP (NP the time )NP (SBAR (S (NP he )NP (VP should (VP have (VP doubled (NP his bet )NP )VP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (ADVP Now )ADVP (NP (NP a *UNK stock market )NP and (NP weak corporate profits )NP )NP (VP may (ADVP further )ADVP (VP *UNK (NP the economy )NP )VP )VP . )S  STOP
(S And (NP Mr. Straszheim )NP (VP conceded (PP after (NP (NP a recent drop )NP (PP in (NP manufacturing jobs )NP )PP )NP )PP (SBAR that `` (S (NP (NP it )NP )NP (VP may (VP prove (S (VP to (VP be (NP the case )NP )VP )VP )S (SBAR (SBAR that (S (NP we )NP (VP got (VP *UNKED )VP )VP )S )SBAR -- (SBAR that (S (NP we )NP (VP pulled (NP the recession forecast )NP (PP at (NP just the wrong time )NP )PP )VP )S )SBAR )SBAR )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP adds , `` (S (NP That )NP (VP 's (NP the *UNKING business )NP )VP )S )VP . '' )S  STOP
(S (SBAR (WHADJP However risky )WHADJP (S (NP the business )NP )S )SBAR , (NP it )NP (VP 's (ADJP brisk )ADJP (NP these days )NP )VP . )S  STOP
(S (S (VP (VP *UNKED (PP by (NP (NP *UNK )NP , (NP brokers )NP , (NP clients )NP and (NP media people )NP )NP )PP )VP and (VP pushed (PP by (NP their own *UNK )NP )PP )VP )VP )S , (NP Wall Street economists )NP (VP are (VP *UNKING (PP about (NP (NP everything )NP (PP (PP from (NP broad economic trends )NP )PP (PP to (NP the *UNK monthly indicator )NP )PP )PP )NP )PP )VP )VP . )S  STOP
(S But (NP the (ADJP surprisingly durable )ADJP *UNK- economic expansion )NP (VP has (VP made (NP *UNK )NP (PP of (NP (QP more than one )QP forecast )NP )PP )VP )VP . )S  STOP
(S (NP This )NP (VP is n't (NP (NP the quiet economic science )NP (VP *UNKED (PP in (NP the universities )NP )PP )VP )NP )VP . )S  STOP
(S (NP This )NP (VP is (NP the commercial version )NP )VP . )S  STOP
(S (S (VP *UNKING (NP the new message )NP (PP on (NP the road )NP )PP )VP )S , (NP Mr. Straszheim )NP (VP *UNK (NP (NP confrontation )NP (SBAR (WHNP that )WHNP (S (ADVP often )ADVP (VP occurs (PP in (NP (NP *UNK proportion )NP (PP to (NP (NP the size )NP (PP of (NP the client )NP )PP )NP )PP )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP No sophisticated professional )NP (VP expects (S (NP economists )NP (VP to (VP be (ADJP right )ADJP (NP all the time )NP )VP )VP )S )VP . )S  STOP
(S (NP Some smaller clients )NP (VP do n't (VP seem (S (VP to (VP notice (NP his switch )NP )VP )VP )S )VP )VP . )S  STOP
(S But (PP with (NP some clients )NP )PP , (NP the talk )NP (VP can (VP heat (PRT up )PRT (NP a bit )NP )VP )VP . )S  STOP
(S (NP (NP Dennis *UNKC )NP , (NP (NP the treasurer )NP (PP of (NP (NP Commonwealth Edison Co. )NP (PP in (NP Chicago )NP )PP )NP )PP )NP , )NP (VP *UNK (NP a *UNK approach )NP , (S (VP waiting (PP for (NP an opportunity (S (VP to (VP ask (PP about (NP the forecast )NP )PP )VP )VP )S )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP A good half-hour )NP (PP into (NP (NP *UNK )NP (PP at (NP the *UNKC House )NP )PP )NP )PP )NP , (NP Mr. *UNKC )NP (VP looks (PRT up )PRT (PP from (NP his plate )NP )PP (SBAR after (S (NP Mr. Straszheim )NP (VP says (NP (NP something )NP (PP about (NP (NP people )NP (SBAR (WHNP who )WHNP (S (VP believe (SBAR (S (NP interest rates )NP (VP are (VP about (S (VP to (VP *UNK )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S `` (NP I )NP (VP 'm (NP (NP one )NP (PP of (NP (NP them )NP (SBAR (WHNP who )WHNP (S (VP hope (SBAR (S (NP they )NP (VP will )VP )S )SBAR )VP )S )SBAR , (PP with (NP (NP (QP $ 6 billion )QP )NP (PP in (NP debt )NP )PP (PP on (NP the books )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (SQ Is (NP that )NP (NP the forecast )NP ? )SQ '' (NP Mr. *UNKC )NP (VP asks , (S (VP trying (S (VP to (VP *UNK (PRT down )PRT (NP the economist )NP )VP )VP )S )VP )S )VP . )S  STOP
(S (NP He )NP (VP does n't (VP (ADVP fully )ADVP succeed , (SBAR although (S (NP Mr. Straszheim )NP (VP lists (NP (NP an array )NP (PP of (NP interest-rate *UNK )NP )PP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP (NP a *UNKLY conference room )NP (PP at (NP (NP *UNKC Capital Management )NP (PP in (NP Minneapolis )NP )PP )NP )PP )NP )PP , (PP in (NP contrast )NP )PP , (NP (NP the firm 's )NP money managers )NP (VP seem (ADJP ready (S (VP to (VP *UNK (NP Mr. Straszheim )NP (PP to (NP the wall )NP )PP )VP )VP )S )ADJP )VP . )S  STOP
(S (S (NP (NP Alfred *UNKC )NP , (NP the manager )NP , )NP (VP *UNK (NP (NP Mr. Straszheim 's )NP *UNK )NP (ADVP back )ADVP (PP at (NP him )NP )PP )VP )S : `` (SQ Do (NP we )NP (VP want (S (VP to (VP go (PP through (NP this )NP )PP )VP )VP )S )VP ? )SQ )S  STOP
(SQ Or can (NP we )NP (VP ask (NP you )NP (SBAR (WHADVP why )WHADVP (S (NP you )NP (VP changed (NP your forecast )NP (SBAR (WHADVP just when )WHADVP (S (NP it )NP (VP 's (VP about (S (VP to (VP be (ADJP right )ADJP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )VP ? '' )SQ  STOP
(S (S (VP *UNKING (PP in (NP his chair )NP )PP )VP )S , (NP Mr. Straszheim )NP (VP *UNK (SBAR that (S (NP the new outlook )NP , (SBAR though (S (ADJP (ADVP still )ADVP weak )ADJP )S )SBAR , (VP does n't (VP justify (S (VP calling (NP a recession )NP (ADVP right now )ADVP )VP )S )VP )VP )S )SBAR )VP . `` )S  STOP
(S (NP It )NP (VP 's (PP all in (NP (NP this *UNK )NP (SBAR (S (NP you )NP (VP do n't (VP want (S (VP to (VP look (PP at )PP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP We )NP (VP could (ADVP still )ADVP (VP have (NP a recession )NP '' (PP at (NP some point )NP )PP )VP )VP . )S  STOP
(S (NP (NP One )NP (PP of (NP (NP Mr. Straszheim 's )NP *UNKING *UNK )NP )PP )NP (VP is (SBAR that (S (NP (NP the state )NP (PP of (NP the economy )NP )PP )NP (VP is n't (NP a simple black or white )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Sometimes )ADVP , (PP like (ADVP now )ADVP )PP , (NP it )NP (VP 's (ADJP gray )ADJP )VP . )S  STOP
(S (NP This *UNK- assessment )NP (VP moves (S (NP one *UNKC portfolio manager )NP (VP to (VP ask : `` (SBARQ So , (WHNP what )WHNP (SQ (VP is (NP this )NP -- (FRAG (NP a *UNKC recession )NP )FRAG )VP )SQ )SBARQ )VP )VP )S )VP ? '' )S  STOP
(S (NP Another )NP (VP challenges (NP (NP (NP Merrill Lynch 's )NP bond recommendation )NP (NP last year )NP )NP )VP . )S  STOP
(S `` (S (NP We )NP (VP 're not (VP running (NP that ad campaign )NP (ADVP any more )ADVP )VP )VP )S , '' (NP Mr. Straszheim )NP (VP *UNK (PP in (NP (NP a rare show )NP (PP of (NP *UNK )NP )PP )NP )PP )VP . )S  STOP
(S (NP He )NP (VP adds , `` (S (NP I )NP (VP think (SBAR (S (NP it )NP (VP was (NP a (ADJP fairly decent )ADJP call )NP )VP )S )SBAR )VP )S )VP . '' )S  STOP
(S (S (VP *UNKING (NP (NP his change )NP (PP of (NP mind )NP )PP )NP )VP )S , (NP Mr. Straszheim )NP (VP says (ADVP later )ADVP , `` (S (NP (NP It )NP )NP (VP 's (ADJP hard )ADJP (S (VP to (VP *UNK (NP this )NP (PP on (NP one factor )NP )PP )VP )VP )S )VP )S )VP . '' )S  STOP
(S (NP He )NP (VP says (SBAR (S (S (NP (NP the economy )NP , and (NP (ADVP especially )ADVP the employment numbers )NP , )NP (VP look (ADJP (ADJP much better )ADJP (SBAR than (S (NP he )NP (VP expected )VP )S )SBAR )ADJP )VP )S ; (S (NP interest rates )NP (VP have (ADVP generally )ADVP (VP declined )VP )VP )S ; (S (NP inflation )NP (VP has n't (VP run (ADVP *UNK )ADVP )VP )VP )S )S )SBAR )VP . )S  STOP
(S `` (S (NP Our business )NP (VP is (ADVP constantly )ADVP (VP looking (PP at (NP all these things )NP )PP )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP His new forecast )NP (VP calls (PP for `` (NP (NP a soft landing )NP )NP )PP )VP . '' )S  STOP
(S And (NP it )NP (VP may (VP be (ADJP right )ADJP , (S (VP *UNKING (PP from (NP (NP last week 's )NP report (SBAR that (S (NP inflation-adjusted gross national product )NP (VP rose (PP at (NP a (ADJP 2.5 % )ADJP annual rate )NP )PP (PP in (NP the third quarter )NP )PP )VP )S )SBAR )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP Mr. *UNKING )NP (VP *UNK (NP (NP Mr. Straszheim 's )NP problems )NP )VP . )S  STOP
(S `` (S (NP There )NP (VP 's (NP (NP *UNK pressure )NP (PP on (NP economists )NP )PP (S (VP to (VP forecast (NP these numbers )NP )VP )VP )S )NP )VP )S , '' (NP he )NP (VP says )VP . `` )S  STOP
(S (S (NP You )NP (VP make (NP a forecast )NP )VP )S , and then (S (NP you )NP (VP become (NP its *UNK )NP )VP )S . '' )S  STOP
(S (S (NP (NP It )NP )NP (VP is (ADVP indeed )ADVP (ADJP hard )ADJP (S (VP to (VP back (ADVP away (PP from (NP a (ADJP widely *UNKED )ADJP forecast )NP )PP )ADVP )VP )VP )S )VP )S , and (S (NP Mr. Straszheim )NP (VP is (VP *UNKING (PP with (NP the *UNK )NP )PP (PP on (NP this trip )NP )PP )VP )VP )S . )S  STOP
(S (NP (NP His approach )NP (PP to (NP the *UNK )NP )PP )NP (VP is (ADJP direct but *UNK- )ADJP )VP . )S  STOP
(S `` (PP For (NP some time )NP )PP , (NP we )NP (VP had (VP forecast (NP negative (ADJP third - and fourth-quarter )ADJP growth )NP )VP )VP . )S  STOP
(S (S (NP We )NP (VP pulled (NP that forecast )NP )VP )S , '' (NP he )NP (VP begins (ADVP *UNKLY )ADVP (PP in (NP (NP a meeting )NP (PP with (NP *UNKC , *UNKC & *UNKC Inc. officials )NP )PP (PP in (NP (NP Minneapolis )NP , (NP the first stop )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP *UNKC Co. )NP (VP said (SBAR (S (NP it )NP (VP (VP holds (NP (NP an (ADJP *UNKN % )ADJP stake )NP (PP in (NP (NP Milton Roy Corp. )NP , (NP an *UNK- maker )NP )NP )PP )NP )VP , and (VP may (VP seek (NP (NP control )NP (PP of (NP the company )NP )PP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Crane )NP , (NP (NP a maker )NP (PP of (NP (NP engineered products )NP (PP for (NP (NP aerospace )NP , (NP construction )NP , (NP defense )NP and (NP other uses )NP )NP )PP )NP )PP )NP , )NP (VP made (NP the disclosure )NP (PP in (NP a Securities and Exchange Commission filing )NP )PP )VP . )S  STOP
(S (PP In (NP the filing )NP )PP , (NP Crane )NP (VP said (SBAR (SBAR that (S (PP in (NP the past )NP )PP (NP it )NP (VP considered (S (VP seeking (NP (NP control )NP (PP of (NP (NP Milton Roy )NP , (PP of (NP (NP St. *UNKC )NP , (NP Fla. )NP )NP )PP , )NP )PP )NP (PP through (NP a merger or tender offer )NP )PP )VP )S )VP )S )SBAR and (SBAR that (S (NP it )NP (VP expects (S (VP to (VP continue (S (VP to (VP evaluate (NP an acquisition )NP (PP (PP from (NP time )NP )PP (PP to (NP time )NP )PP )PP )VP )VP )S )VP )VP )S )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP Crane officials )NP (VP did n't (VP return (NP (NP phone calls )NP (VP seeking (NP comment )NP )VP )NP )VP )VP . )S  STOP
(S (NP Crane )NP (VP holds (NP (NP *UNKN Milton Roy shares )NP , (PP including (NP (NP *UNKN )NP (VP bought (PP (PP from (NP Sept. 14 )NP )PP (PP to (NP Thursday )NP )PP )PP (PP for (NP (NP (QP $ *UNKN to $ *UNKN )QP )NP (NP each )NP )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP (NP Friday )NP , (NP Milton Roy shares )NP (VP *UNKED (NP $ 2 )NP , (PP to (NP (NP $ *UNKN )NP (NP each )NP )NP )PP , (SBAR while (S (NP Crane )NP (VP sank (NP $ 1.125 )NP , (PP to (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP John M. *UNKC )NP , (NP (NP chief financial officer )NP (PP of (NP Milton Roy )NP )PP )NP , )NP (VP said (SBAR (S (NP the company )NP (VP has (NP (NP no comment )NP (PP on (NP (NP Crane 's )NP filing )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Milton Roy )NP (ADVP recently )ADVP (VP *UNKED (PRT off )PRT (NP (NP *UNKED *UNK )NP (PP from (NP (NP *UNKC *UNKC Corp. )NP , (NP (NP a (NAC *UNKC , Mass. , )NAC maker )NP (PP of (NP *UNK products )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (NP Milton Roy )NP (VP disclosed (PP in (NP May )NP )PP (SBAR that (S (NP it )NP (VP was (VP approached (PP for (NP (NP a possible acquisition )NP (PP by (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP agreed (S (VP to (VP purchase (NP (NP Milton Roy 's )NP *UNK- line )NP (PP for (NP $ 22 million )NP )PP )VP )VP )S (PP in (NP February )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP acquired (NP (NP (QP some 6 )QP % )NP (PP of (NP (NP Milton Roy 's )NP common stock )NP )PP )NP (PP before (S (VP (VP throwing (PRT in )PRT (NP the *UNK )NP )VP and (VP reducing (NP its stake )NP )VP (PP in (NP early September )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP *UNKC Group )NP (VP (VP began (S (VP raising (NP its Milton Roy stake )NP (PP in (NP July )NP )PP )VP )S )VP , and (VP holds (NP *UNKN % )NP )VP , (PP according (PP to (NP a recent SEC filing )NP )PP )PP )VP . )S  STOP
(S (NP It )NP (VP has n't (VP made (NP merger *UNK )NP (PP to (NP the board )NP )PP )VP )VP . )S  STOP
(S (NP Earlier this month )NP , (NP Milton Roy )NP (VP signed (NP (NP a letter )NP (PP of (NP intent (S (VP to (VP acquire (NP (NP (NP *UNKED *UNKC Systems Inc. )NP , (NP (NP Orange )NP , (NP Calif. )NP )NP , )NP and (NP (NP its sister operation )NP , (NP Environmental *UNKING Co. )NP , (PP in (NP (NP *UNKC )NP , (NP *UNKC )NP )NP )PP )NP )NP )VP )VP )S )NP )PP )NP )VP . )S  STOP
(S (NP The companies )NP (VP are (NP *UNKING concerns )NP )VP . )S  STOP
(S (PP Under (NP the terms )NP )PP , (NP Milton Roy )NP (VP will (VP pay (NP (NP (NP an initial (QP $ 4 million )QP )NP (PP for (NP the operations )NP )PP )NP and (NP (NP (NP additional payments )NP (PP during (NP the next four years )NP )PP )NP (VP based (PP on (NP (NP the earnings performance )NP (PP of (NP the businesses )NP )PP )NP )PP )VP )NP )NP )VP )VP . )S  STOP
(S (PP In (NP the nine months )NP )PP , (NP Milton Roy )NP (VP earned (NP (NP (QP $ 6.6 million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP (PP on (NP (NP sales )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Last week )NP (NP the British )NP (VP *UNKED (NP unusual political *UNK )NP )VP . )S  STOP
(S (NP (NP (NP The Chancellor )NP (PP of (NP the Exchequer )NP )PP )NP , (NP Nigel Lawson )NP , )NP (VP resigned (SBAR because (S (NP Prime Minister Thatcher )NP (VP would not (VP fire (NP her *UNKED adviser Sir Alan *UNKC )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The opposition Labor Party leader )NP , (NP *UNKC *UNKC )NP , )NP (PP in (NP (NP a display )NP (PP of (NP (NP the male *UNK )NP (ADJP typical (PP of (NP the British lower class )NP )PP )ADJP )NP )PP )NP )PP , (VP *UNKED (NP Mrs. Thatcher )NP (PP for (S (VP (VP having (NP an independent mind )NP )VP and (VP *UNKING (S (VP to (VP *UNKED (NP (NP the men )NP (PP in (NP her *UNKC )NP )PP )NP )VP )VP )S )VP )VP )S )PP )VP . )S  STOP
(S (NP The British press )NP , (S (VP making (NP a mountain )NP (PP out (PP of (NP a *UNK )NP )PP )PP )VP )S , (VP *UNKED (NP an unnecessary economic crisis )NP (PP by (S (VP *UNKING (NP Mrs. Thatcher )NP (PP as (NP (NP an *UNK )NP (SBAR (WHNP who )WHNP (S (VP had (VP *UNK (NP economic policy )NP (PP into (NP confusion )NP )PP (PP by (S (VP driving (NP a *UNKED figure )NP (PP from (NP her government )NP )PP )VP )S )PP )VP )VP )S )SBAR )NP )PP )VP )S )PP )VP . )S  STOP
(SINV (PP *UNKC (NP the silly *UNKING )NP )PP (VP lies )VP (NP a real dispute )NP . )SINV  STOP
(S (NP (NP Mr. Lawson )NP and (NP his *UNKED colleagues )NP )NP (VP want (S (NP the British pound )NP (VP (ADVP formally )ADVP tied (PP to (NP the (ADJP West German )ADJP mark )NP )PP )VP )S )VP . )S  STOP
(S (NP Sir Alan )NP (VP considers (S (NP this )NP (NP an (ADJP *UNKED and costly )ADJP policy )NP )S )VP . )S  STOP
(S (SBAR As (S (NP there )NP (VP is (NP an effort (S (VP to (VP `` *UNK (NP the dollar )NP '' (PP either to (NP (NP gold )NP or (NP other currencies )NP )NP )PP )VP )VP )S )NP )VP )S )SBAR , (NP the dispute )NP (VP is (ADJP worth (S (VP *UNKING )VP )S )ADJP )VP . )S  STOP
(S (PP Until (NP his resignation )NP )PP , (NP Mr. Lawson )NP (VP had (VP been (S (VP conducting (NP British monetary policy )NP (SBAR as if (S (NP the pound )NP (VP were (VP tied (PP to (NP the mark )NP )PP )VP )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP Mrs. Thatcher )NP (VP cut (NP the top tax rate )NP (PP to (NP 40 % )NP )PP )VP )S )SBAR , (NP Mr. Lawson )NP (VP *UNKED (NP the country )NP (PP with (NP money )NP )PP (S (VP to (VP prevent (NP the pound )NP (PP from (S (VP rising (PP against (NP the mark )NP )PP )VP )S )PP )VP )VP )S )VP . )S  STOP
(S (PP As (NP a result )NP )PP , (NP he )NP (VP *UNKED (NP (NP the inflation )NP (SBAR (WHNP that )WHNP (S (NP Mrs. Thatcher )NP , (PP through (NP a (ADJP long and costly )ADJP effort )NP )PP , (VP had (VP *UNKED )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP With (S (NP inflation )NP (VP *UNKING )VP )S )PP , (NP the pound )NP (VP began (S (VP falling (PP against (NP the mark )NP )PP )VP )S )VP . )S  STOP
(S (S (VP To (VP keep (S (NP the exchange rate )NP (VP *UNKED )VP )S )VP )VP )S , (NP Mr. Lawson )NP (VP (VP *UNKED (NP monetary policy )NP )VP and (VP pushed (NP interest rates )NP (ADVP up )ADVP (PP to (NP 15 % )NP )PP )VP )VP . )S  STOP
(S (NP This )NP (VP doubled (NP (NP the mortgage interest rates )NP (PP of (NP (NP the many new homeowners )NP (SBAR (WHNP that )WHNP (S (NP (NP Mrs. Thatcher 's )NP policies )NP (VP had (VP created )VP )VP )S )SBAR )NP )PP )NP , (S (VP (VP producing (NP widespread *UNK )NP )VP and (VP pushing (S (NP Labor )NP (ADJP ahead (PP in (NP the polls )NP )PP )ADJP )S )VP )VP )S )VP . )S  STOP
(S (PP Instead of (S (VP *UNKING (NP (NP his *UNK )NP (PP in (S (VP letting (S (NP the exchange rate )NP (VP *UNK (NP both (NP British economic policy )NP and (NP (NP Mrs. Thatcher 's )NP political *UNK )NP )NP )VP )S )VP )S )PP )NP )VP )S )PP , (NP Mr. Lawson )NP (VP pushed (PP for (S (VP *UNKING (NP the pound )NP (ADVP formally )ADVP (PP to (NP the mark )NP )PP (PP by (S (VP entering (NP (NP the European Monetary System )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP all member currencies )NP (PP to (NP German monetary policy )NP )PP )VP )S )SBAR )NP )VP )S )PP )VP )S )PP )VP . )S  STOP
(S (NP This )NP (VP put (NP Mrs. Thatcher )NP (PP in (NP a *UNK )NP )PP )VP . )S  STOP
(S (NP (NP The concept )NP (PP of (NP European integration )NP )PP )NP (VP is (NP (NP one )NP (PP of (NP (NP those grand *UNK )NP (SBAR (WHNP that )WHNP (S (VP (VP appeal (PP to (NP (NP *UNK )NP , (NP the media )NP and (NP the *UNK )NP )NP )PP )VP , but (VP are (ADJP full (PP of (NP *UNK *UNK )NP )PP )ADJP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (SBAR If (S (NP the pound )NP (VP had (VP been (VP tied (PP to (NP the mark )NP )PP )VP )VP )VP )S )SBAR , (NP the British )NP (VP would (VP have (VP been (ADJP unable (S (VP to (VP cut (NP their *UNK tax rates )NP )VP )VP )S )ADJP )VP )VP )VP . )S  STOP
(S (NP The reason )NP (VP is (ADJP simple )ADJP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP a country )NP (VP cuts (NP tax rates )NP )VP )S )SBAR , (NP it )NP (VP (VP makes (S (NP itself )NP (ADJP more attractive (PP to (NP investors )NP )PP )ADJP )S )VP and (VP drives (PRT up )PRT (NP (NP the value )NP (PP of (NP its currency )NP )PP )NP )VP )VP . )S  STOP
(S (NP It )NP (VP was (NP (NP fear )NP (PP of (S (VP *UNKING (NP *UNKC *UNK- relationships )NP )VP )S )PP )NP (SBAR (WHNP that )WHNP (S (VP caused (S (NP (NP the *UNKC government )NP (PP in (NP France )NP )PP )NP (VP to (VP be (ADJP *UNK (PP about (S (VP cutting (NP tax rates )NP )VP )S )PP )ADJP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP the finance minister )NP (PP at (NP the time )NP )PP )NP , )NP (VP (VP was (VP sold (PP on (NP the *UNK- policy )NP )PP )VP )VP but (VP was (VP concerned (SBAR that (S (NP his government )NP (VP would (VP be (VP criticized (PP as (ADJP *UNK- )ADJP )PP (PP for (S (VP *UNKING (NP the linked European currency relationship )NP )VP )S )PP )VP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP (NP The price )NP (PP of (S (VP attracting (NP (NP capital )NP -- (NP whether (NP (NP one 's )NP own )NP or (NP (NP that )NP (PP of (NP foreigners )NP )PP )NP )NP -- )NP )VP )S )PP )NP (VP is (NP a trade deficit )NP )VP . )S  STOP
(S (S (VP To (VP avoid (NP this deficit )NP )VP )VP )S (NP Mr. Lawson )NP (VP *UNKED (NP the pound )NP (SBAR in order (S (VP to (VP prevent (NP its rise )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP This *UNKED policy )NP (VP could not (VP prevent (NP a British trade deficit )NP )VP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP Mr. Lawson )NP (VP *UNKED (NP Mrs. Thatcher )NP (PP with (NP (NP (NP a record trade deficit )NP , (NP renewed inflation )NP and (NP high interest rates )NP )NP -- (NP (NP three political failures )NP (PP in (NP a row )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP Little wonder )NP (SBAR that (S (NP (NP Mrs. Thatcher 's )NP opponents )NP (VP were (ADJP so anxious (S (VP to (VP keep (S (NP Mr. Lawson )NP (PP in (NP office )NP )PP )S )VP )VP )S )ADJP )VP )S )SBAR . )S  STOP
(S (NP (NP It )NP )NP (VP is (ADJP extraordinary )ADJP (SBAR that (S (NP the British Treasury )NP (VP thought (SBAR (S (NP it )NP (VP could (VP prevent (NP a trade deficit )NP (PP by (S (VP *UNKING (NP the pound )NP )VP )S )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP The British *UNK- statistics )NP (VP show (SBAR that (S (SBAR after (S (NP the top tax rate )NP (VP was (VP cut (PP to (NP 40 % )NP )PP )VP )VP )S )SBAR , (NP (NP the flow abroad )NP (PP of (NP British capital )NP )PP )NP (VP slowed , (PP to (NP (NP (QP 50 billion )QP pounds )NP (PRN -LRB- (NP (NP (QP $ 79 billion )QP )NP (PP at (NP the current rate )NP )PP )NP -RRB- )PRN )NP (PP in (NP 1988 )NP )PP )PP (PP from (NP (QP 93 billion )QP pounds )NP (PP in (NP 1986 )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP This change )NP (PP in (NP the British capital account )NP )PP )NP (VP required (NP (NP (NP an offsetting change )NP (PP in (NP the trade account )NP )PP )NP , (NP (NP a change )NP (SBAR (WHNP that )WHNP (S (VP could not (VP be (VP prevented (PP by (S (VP *UNKING (NP the currency )NP )VP )S )PP )VP )VP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (NP Nigel Lawson )NP (VP was (NP (NP a victim )NP (PP of (NP (NP the *UNK confusion )NP (PP in (NP thought )NP )PP (SBAR (WHNP that )WHNP (S (VP has (VP been (ADJP *UNK (PP of (NP Western financial *UNK )NP )PP )ADJP (PP during (NP the 1980s )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP The (ADJP most important )ADJP governments )NP (VP have (VP ignored (NP (NP the role )NP (PP of (NP low tax rates )NP )PP (PP in (S (VP attracting (NP real capital investment )NP )VP )S )PP )NP , (S (ADVP instead )ADVP (VP *UNKING (NP financial flows )NP (PP in (NP (NP response )NP (PP to (NP high interest rates )NP )PP )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP This )NP (VP has (VP led (NP them )NP (PP in (NP a (ADJP *UNK and *UNK )ADJP policy *UNK )NP )PP )VP )VP . )S  STOP
(SINV (ADVP First )ADVP (VP comes )VP (NP monetary expansion )NP (S (VP to (VP drive (PRT down )PRT (NP (NP (NP the currency 's )NP value )NP (SBAR (WHNP that )WHNP (S (VP was (VP pushed (PRT up )PRT (PP by (NP *UNK- reduction )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S . )SINV  STOP
(S (ADVP Then )ADVP , (SBAR (WHADVP when )WHADVP (S (NP the currency )NP (VP falls )VP )S , )SBAR (NP interest rates )NP (VP are (VP raised (S (VP to (VP attract (NP financial flows )NP (SBAR in order (S (VP to (VP stabilize (NP the exchange rate )NP )VP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (S (NP This policy )NP (VP is (ADJP totally *UNK )ADJP )VP )S , and (S (NP Sir Alan )NP (VP is (ADJP correct (S (VP to (VP point (PRT out )PRT (NP its *UNK )NP )VP )VP )S )ADJP )VP )S . )S  STOP
(S (NP (NP Britain )NP and (NP (NP all )NP (PP of (NP Europe )NP )PP )NP )NP (VP need (S (VP to (VP *UNK (NP (NP the prospects )NP (PP for (NP European integration )NP )PP )NP (PP in (NP (NP light )NP (PP of (NP (NP the possible *UNK and *UNK )NP (PP of (NP Germany )NP )PP )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP A *UNKED Germany )NP (SBAR (WHNP that )WHNP (S (VP remained (PP within (NP the Western alliance )NP )PP )VP )S )SBAR )NP (VP would (VP give (NP Germany )NP (NP (NP such an *UNKING position )NP (SBAR that (S (NP (NP all other members )NP (PP of (NP a *UNKED Europe )NP )PP )NP (VP would (VP become (NP (NP *UNK )NP (PP of (NP the German state )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (SBAR Unless (S (NP the Soviet Union )NP (VP *UNK )VP )S )SBAR , (NP German *UNK )NP (VP is (ADJP likely (S (VP to (VP require (NP (NP Germany 's )NP *UNK )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP (NP The implications )NP (PP for (NP (NP Britain )NP , (NP France )NP and (NP (NP the rest )NP (PP of (NP Europe )NP )PP )NP )NP )PP (PP of (S (VP having (S (NP their currencies )NP (VP tied (PP to (NP (NP the economic policy )NP (PP of (NP a *UNK country )NP )PP )NP )PP )VP )S )VP )S )PP )NP (VP need (NP considering )NP (SBAR before (S (NP we )NP (VP judge (S (NP (NP Mr. Lawson 's )NP resignation )NP (VP to (VP be (ADJP *UNK )ADJP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP the least )NP )PP , (NP we )NP (VP must (VP recognize (NP (NP the *UNK )NP (PP of (S (VP trying (S (VP to (VP use (NP *UNK- intervention )NP (S (VP to (VP offset (NP (NP the effects )NP (PP of (NP *UNK- reduction )NP )PP (PP on (NP capital flows )NP )PP )NP )VP )VP )S )VP )VP )S )VP )S )PP )NP )VP )VP . )S  STOP
(S (NP Mr. Roberts )NP (VP was (NP assistant Treasury secretary )NP (PP under (NP President Reagan )NP )PP )VP . )S  STOP
(S (NP (NP Joseph P. *UNKC )NP , (ADJP (NP 52 years )NP old )ADJP , )NP (VP becomes (NP (NP (NP president )NP )NP , (NP (NP chief executive officer )NP )NP and (NP (NP a director )NP )NP (PP of (NP the bank company )NP )PP )NP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (NP (ADVP formerly )ADVP (NP (NP president )NP )NP and (NP (NP chief executive )NP )NP (PP of (NP (NP *UNKC National Bank )NP (PP in (NP (NP *UNKC )NP , (NP N.Y. )NP )NP )PP )NP )PP )NP , )NP (VP succeeds (NP (NP Donald *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP died (PP at (NP 52 )NP )PP (PP in (NP an automobile accident )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Personal spending )NP , (SBAR (WHNP which )WHNP (S (VP fueled (NP (NP the economy 's )NP growth )NP (PP in (NP the third quarter )NP )PP )VP )S )SBAR , )NP (VP was (ADVP clearly )ADVP (VP slowing (PP by (NP (NP the end )NP (PP of (NP the period )NP )PP )NP )PP , (S (VP raising (NP (NP questions )NP (PP about (NP (NP the economy 's )NP strength )NP )PP )NP (SBAR as (S (NP the year )NP (VP ends )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(S (S (NP Personal spending )NP (VP grew (NP 0.2 % )NP (PP in (NP September )NP )PP (PP to (NP a (ADJP (QP $ *UNKN trillion )QP )ADJP annual rate )NP )PP )VP )S , (NP the Commerce Department )NP (VP said )VP . )S  STOP
(S (NP It )NP (VP was (NP (NP the *UNK monthly increase )NP (PP in (NP a year )NP )PP )NP )VP . )S  STOP
(S (PP At (NP the same time )NP )PP , (NP personal income )NP (VP was (VP held (PRT down )PRT (PP by (NP (NP the effects )NP (PP of (NP (NP Hurricane Hugo )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (PP through (NP (NP parts )NP (PP of (NP (ADJP North and South )ADJP Carolina )NP )PP )NP )PP (PP in (NP late September )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The department )NP (VP said (SBAR (S (NP personal income )NP (VP (VP rose (NP 0.3 % )NP (PP in (NP September )NP )PP (PP to (NP a (ADJP (QP $ *UNKN trillion )QP )ADJP rate )NP )PP )VP but (VP would (VP have (VP climbed (NP *UNKN % )NP (SBAR (SINV had (NP it )NP (VP not been (PP for (NP the storm )NP )PP )VP )SINV )SBAR )VP )VP )VP )VP )S )SBAR )VP . )S  STOP
(SINV (PP Among (NP (NP the economic effects )NP (PP of (NP the hurricane )NP )PP )NP )PP (VP was )VP (NP (NP a sharp drop )NP (PP in (NP *UNK income )NP )PP )NP . )SINV  STOP
(S (NP The figures )NP (VP came (SBAR (NP a day )NP after (S (NP the government )NP (VP released (NP (NP a report )NP (VP showing (SBAR that (S (NP consumer spending )NP (VP *UNKED (NP U.S. economic expansion )NP (PP in (NP the third quarter )NP )PP (SBAR while (S (PRN -- (PP on (NP an inflation-adjusted basis )NP )PP -- )PRN (S (NP business investment )NP (VP slowed )VP )S , (S (NP government spending )NP (VP declined )VP )S , and (S (NP exports )NP (VP were (ADJP flat )ADJP )VP )S )S )SBAR )VP )S )SBAR )VP )NP )VP )S )SBAR )VP . )S  STOP
(S But (NP the new statistics )NP (VP show (SBAR that (S (PP by (NP September )NP )PP , (NP (NP the *UNK )NP (PP in (NP spending )NP )PP )NP (VP seemed (S (VP to (VP be (VP *UNKING (ADVP off )ADVP )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Many economists )NP (VP expect (S (NP the weakness )NP (VP to (VP continue )VP )VP )S )VP . )S  STOP
(SINV `` (S (NP I )NP (VP think (SBAR (S (NP the consumer )NP (VP has (ADVP pretty well )ADVP (VP played (NP himself )NP (PRT out )PRT )VP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP David *UNKC )NP , (NP (NP senior economist )NP (PP at (NP (NP Manufacturers National Bank )NP (PP of (NP Detroit )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (S (NP I )NP (VP do n't (VP think (SBAR (S (NP there )NP (VP 's (NP (NP a lot )NP (PP in (NP the *UNK )NP )PP '' (PP in (NP (NP other sectors )NP (PP of (NP the economy )NP )PP )NP )PP (SBAR (S (VP to (VP keep (S (NP growth )NP (PP above (NP 1 % )NP )PP )S )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (PP In (NP the third quarter )NP )PP , (NP the economy )NP (VP grew (PP at (NP a moderate (ADJP 2.5 % )ADJP annual rate )NP )PP )VP . )S  STOP
(S (PP In (NP August )NP )PP , (S (NP personal income )NP (VP rose (NP 0.3 % )NP )VP )S and (S (NP spending )NP (VP grew (NP 0.9 % )NP )VP )S . )S  STOP
(S (NP Analysts )NP (VP have (VP attributed (NP (NP much )NP (PP of (NP (NP (NP the summer 's )NP *UNK )NP (PP in (NP spending )NP )PP )NP )PP )NP (PP to (NP (NP bargain car prices )NP (PP at (NP (NP the end )NP (PP of (NP the model year )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Car sales )NP (VP *UNKED (PP in (NP September )NP )PP (SBAR after (S (NP the 1990 models )NP (VP were (VP introduced )VP )VP )S )SBAR )VP . )S  STOP
(S (PP According (PP to (NP the Commerce Department report )NP )PP )PP , (NP (NP spending )NP (PP on (NP (NP durable goods )NP (PRN -- (NP (NP items )NP (VP expected (S (VP to (VP last (NP (QP at least three )QP years )NP )VP )VP )S )VP , (PP including (NP cars )NP )PP )NP -- )PRN )NP )PP )NP (VP declined (PP by (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP (NP The nation 's )NP savings rate )NP (VP was (ADJP unchanged )ADJP (PP in (NP September )NP )PP (PP at (NP (NP 4.9 % )NP (PP of (NP after-tax income )NP )PP )NP )PP , (PP (ADVP far )ADVP below (NP (NP the 5.6 % )NP (SBAR (S (NP it )NP (VP reached (PP in (NP July )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP All the figures )NP (VP are (VP adjusted (PP for (NP seasonal *UNK )NP )PP )VP )VP . )S  STOP
(SINV (ADVP Here )ADVP (VP is )VP (NP (NP (NP the Commerce Department 's )NP latest report )NP (PP on (NP personal income )NP )PP )NP . )SINV  STOP
(S (NP The figures )NP (VP are (PP (PP at (NP (ADJP seasonally adjusted )ADJP annual rates )NP )PP (PP in (NP (NP *UNK )NP (PP of (NP dollars )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP *UNKC Ltd. )NP (VP said (SBAR (S (NP it )NP (VP agreed (S (VP to (VP sell (NP (NP a (ADJP 40 % )ADJP stake )NP (PP in (NP (NP its *UNKC coal mine )NP (PP in (NP (NP the state )NP (PP of (NP New South *UNKC )NP )PP )NP )PP )NP )PP )NP (PP to (NP (NP Mitsubishi Development *UNKC )NP (PP of (NP Japan )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The price )NP (VP was n't (VP disclosed )VP )VP . )S  STOP
(S (NP The agreement )NP (VP is (ADJP subject (PP to (NP government approval )NP )PP )ADJP )VP . )S  STOP
(S (NP *UNK )NP (VP acquired (NP the *UNKC coal mine )NP (NP Oct. 20 )NP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP bought (NP (NP British Petroleum Co. 's )NP Australian coal interests )NP (PP for (NP (QP $ *UNKN million )QP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP said (ADVP then )ADVP (SBAR that (S (NP it )NP (VP was (VP looking (PP for (NP (NP a partner )NP (PP for (NP (NP the mine )NP , (SBAR (WHNP which )WHNP (S (VP produces (NP (NP (NP (QP more than three million )QP metric tons )NP (PP of (NP coal )NP )PP )NP (NP a year )NP )NP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP is (ADJP *UNKED (PP by (NP (NP *UNKC Corp. )NP (PP of (NP Britain )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (NP (NP Control Data Corp. )NP , (SBAR (WHNP which )WHNP (S (ADVP (NP just months )NP ago )ADVP (VP was (VP *UNKING (ADVP financially )ADVP )VP )VP )S )SBAR , )NP (VP thinks (SBAR (S (NP it )NP (VP will (VP be (ADJP healthy enough )ADJP (ADVP soon )ADVP (S (VP to (VP consider (S (VP *UNKING (NP public debt )NP )VP )S )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP (NP the company )NP , (SBAR (WHNP whose *UNK- approach )WHNP (S (ADVP nearly )ADVP (VP proved (ADJP *UNK )ADJP )VP )S )SBAR , )NP (ADVP now )ADVP (VP sees (NP (NP *UNK )NP (PP with (NP others )NP )PP )NP (PP as (NP (NP the way )NP (ADVP back (PP to (NP (NP *UNK )NP (PP in (SBAR (WHNP what )WHNP (S (NP it )NP (VP calls (S (NP `` the data solutions '' business )NP )S )VP )S )SBAR )PP )NP )PP )ADVP )NP )PP )VP . )S  STOP
(S `` (S (S (NP I )NP (VP 'm not (VP saying (SBAR (S (NP everything )NP (VP is (ADJP *UNK- )ADJP )VP )S )SBAR )VP )VP )S , but (S (NP we )NP (VP have (VP completed (NP the transition )NP )VP )VP )S )S , '' (NP (NP Robert M. Price )NP , (NP (NP chairman )NP and (NP chief executive )NP )NP , )NP (VP said (PP in (NP an interview )NP )PP )VP . )S  STOP
(S `` (NP *UNKC )NP '' (VP is (NP (NP a *UNK )NP (PP to (NP (NP the company 's )NP five-year restructuring effort )NP )PP )NP )VP . )S  STOP
(S (PP During (NP that time )NP )PP , (NP Control Data )NP (VP had (NP (NP losses )NP (PP of (NP (QP more than $ 1 billion )QP )NP )PP )NP )VP . )S  STOP
(S (ADVP Now )ADVP , (PP following (NP (NP asset sales )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP revenue )NP (PP by (NP (NP more )NP (PP than (NP one-third )NP )PP )NP )PP (NP (NP this year )NP (ADVP alone )ADVP )NP )VP )S )SBAR )NP )PP , (NP Control Data )NP (VP is (ADJP *UNK (PP with (NP cash )NP )PP )ADJP )VP . )S  STOP
(S So (NP its senior executives )NP (VP are (VP talking (ADVP *UNKLY )ADVP (PP about (S (ADVP possibly )ADVP (VP buying (PRT back )PRT (NP (NP some )NP (PP of (NP (NP (NP the company 's )NP (QP $ *UNKN million )QP )NP (PP in (NP subordinated convertible debentures )NP )PP )NP )PP )NP (NP next year )NP )VP )S )PP )VP )VP . )S  STOP
(S `` (S (NP We )NP (VP 'd (VP like (S (VP to (VP continue (S (VP to (VP reduce (NP debt )NP )VP )VP )S )VP )VP )S )VP )VP )S , '' (NP President Lawrence *UNKC )NP (VP said )VP . )S  STOP
(S (S (VP *UNKING (SBAR that (S (NP the company )NP (VP is (VP offering (S (VP to (VP buy (PRT back )PRT (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP (NP senior notes )NP (VP paying (NP (QP 12 3\/4 )QP % )NP )VP )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP )S , (NP he )NP (VP said (SBAR (S (NP the response )NP (VP will (VP help (S (VP determine (NP future *UNK- efforts )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The offer )NP (VP was (VP (ADVP automatically )ADVP triggered (PP by (NP (NP the recent sale )NP (PP of (NP (NP Control Data 's )NP *UNKC *UNK- business )NP )PP (PP to (NP *UNKC Technology Inc )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP is (ADVP also )ADVP (NP (NP acting chief financial officer )NP and (NP (NP the *UNK- favorite )NP (SBAR (S (VP to (VP become (NP the next chief executive )NP )VP )VP )S )SBAR )NP )NP )VP )S )SBAR , )NP (VP said (SBAR (S (S (NP the company )NP (VP is (VP *UNKING `` (NP (NP modest positive cash flow )NP (PP from (NP operations )NP )PP )NP )VP )VP )S , and (S (NP we )NP (VP expect (S (NP that )NP (VP to (VP continue (PP into (NP 1990 )NP )PP )VP )VP )S )VP )S )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP the company )NP (VP has (NP (NP no intention )NP (PP of (S (VP *UNKING (NP its short-term bank lines )NP )VP )S )PP )NP `` (PP for (NP (NP a good part )NP (PP of (NP 1990 )NP )PP )NP )PP )VP )S )SBAR )VP . '' )S  STOP
(S (S (NP *UNKC next year )NP , (NP Control Data )NP (VP will `` (VP develop (NP a new bank relationship )NP )VP )VP )S , '' (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (PP In (NP recent months )NP )PP (NP (NP a group )NP (PP of (NP lenders )NP )PP , (VP led (PP by (NP (NP Bank )NP (PP of (NP America )NP )PP )NP )PP )VP , )NP (VP has (VP extended (NP Control Data )NP (NP (NP (NP (QP up to $ 90 million )QP )NP (PP in (NP *UNKING loans )NP )PP (PP through (NP January )NP )PP )NP , (CONJP as well as )CONJP (NP (NP (QP $ 115 million )QP )NP (PP in (NP (NP *UNK letters )NP (PP of (NP credit )NP )PP )NP )PP )NP )NP )VP )VP . )S  STOP
(S (NP Loan *UNK )NP (VP require (SBAR that (S (NP the company )NP (VP (VP achieve (NP (NP specified levels )NP (PP of (NP operating earnings )NP )PP )NP )VP and (VP meet (NP a rolling *UNK- profitability test )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Last week )NP (NP Control Data )NP (VP reported (NP (NP third-quarter earnings )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 23 cents )NP (NP a share )NP )NP , )NP )PP (PP on (NP (NP revenue )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP Through (NP the first nine months )NP )PP , (NP the company )NP (VP had (NP (NP a loss )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP , (VP (ADVP largely )ADVP reflecting (NP (NP the closing )NP (PP of (NP its supercomputer unit )NP )PP )NP )VP )NP )VP . )S  STOP
(S (SBAR While (S (NP (NP a few assets )NP )NP (VP are (ADVP still )ADVP (VP being (VP *UNKED (PRN -- (PP including (NP (NP the sports and entertainment *UNKING portion )NP (PP of (NP (NP the company 's )NP *UNKC unit )NP )PP )NP )PP -- )PRN )VP )VP )VP )S )SBAR (NP Mr. Price )NP (VP said (SBAR (S (NP future restructuring )NP (VP would (VP be (NP (NP a question )NP (PP of (NP strategy )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (NP We )NP (VP do n't (VP need (NP the cash )NP )VP )VP . '' )S  STOP
(S (S (NP (NP (NP *UNKC 's )NP *UNKED *UNKING business )NP , (SBAR (WHNP which )WHNP (S (VP operates (NP (NP *UNK )NP (PP in (NP (QP a half dozen )QP states )NP )PP )NP )VP )S )SBAR , )NP (VP is not (PP for (NP sale )NP )PP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (ADVP Rather )ADVP (PRN , (NP Mr. *UNKC )NP (VP said )VP , )PRN (NP Control Data )NP (VP (VP intends (S (VP to (VP bid (PP for (NP the coming Minnesota *UNK contract )NP )PP )VP )VP )S )VP and (VP is (VP seeking (NP (NP new applications )NP (PP for (NP the technology )NP )PP )NP (ADVP (ADVP overseas )ADVP , (SBAR (WHADVP where )WHADVP `` (S (NP there )NP (VP is (NP (NP great interest )NP (PP in (NP (NP games )NP (PP of (NP *UNK )NP )PP )NP )PP )NP )VP )S )SBAR )ADVP )VP )VP )VP . '' )S  STOP
(S (NP He )NP (VP would n't (VP elaborate )VP )VP . )S  STOP
(S (S (S (NP (NP (NP Control Data 's )NP semiconductor business )NP , (NP *UNKC Inc. )NP , )NP (VP continues (S (VP to (VP lose (NP money )NP )VP )VP )S )VP )S , (NP the executives )NP (VP acknowledged )VP )S , but (S (NP they )NP (VP said (SBAR (S (NP they )NP (VP (VP consider (S (NP (NP some )NP (PP of (NP the technology )NP )PP )NP (ADJP *UNK (PP to (NP national defense )NP )PP )ADJP )S )VP and (ADVP so )ADVP (VP are (ADJP reluctant (S (VP to (VP *UNK (PP of (NP it )NP )PP )VP )VP )S )ADJP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP (NP (NP The company 's )NP strategy )NP (PP for (S (VP keeping (S (NP its computer products business )NP (ADJP profitable )ADJP )S )VP )S )PP (PRN -- (S (NP it )NP (ADVP recently )ADVP (VP achieved (NP profitability )NP (PP after (NP (NP several quarters )NP (PP of (NP losses )NP )PP )NP )PP )VP )S -- )PRN )NP (VP calls (PP for (NP (NP a narrow focus )NP and (NP (NP a *UNK )NP (PP on (NP expenses )NP )PP )NP )NP )PP )VP . )S  STOP
(S (S (ADVP *UNKLY )ADVP , (NP costs )NP (VP will (VP be (VP held (PRT down )PRT (PP through (NP strategic technology alliances )NP )PP )VP )VP )VP )S , (NP management )NP (VP said )VP . )S  STOP
(S (NP Control Data )NP (ADVP recently )ADVP (VP announced (NP (NP an agreement )NP (PP with (NP *UNKC Computer Systems Inc. )NP )PP (S (VP to (VP (ADVP jointly )ADVP develop (NP (NP machines )NP (PP with (NP *UNKED operating software )NP )PP )NP )VP )VP )S )NP )VP . )S  STOP
(S (NP (NP James E. *UNKC )NP , (NP computer products group president )NP , )NP (VP said (SBAR (S (NP such arrangements )NP (VP could (VP help (S (VP slash (NP (NP Control Data 's )NP computer research and development costs )NP (PP in (NP half )NP )PP (PP by (NP (NP the end )NP (PP of (NP 1990 )NP )PP )NP )PP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP disclosed (SBAR that (S (SBAR before (S (NP Control Data )NP (VP *UNKED (NP its *UNKC Systems Inc. supercomputer business )NP (NP this past spring )NP )VP )S )SBAR , (NP those costs )NP (VP were (VP running (PP at (NP (NP (QP nearly 35 )QP % )NP (PP of (NP group revenue )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (PP At (NP the same time )NP )PP (NP (QP four of six )QP design projects )NP (VP were (VP *UNKED )VP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (S (VP Asked (SBAR (WHADVP how )WHADVP (S (NP the company )NP (VP hopes (S (VP to (VP expand (NP its computer hardware business )NP )VP )VP )S )VP )S )SBAR )VP )S , (NP Mr. *UNKC )NP (VP said (SBAR (S (NP it )NP (VP sees (NP good opportunities )NP (PP in (NP systems integration )NP )PP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP We )NP (VP think (SBAR (S (NP we )NP (VP 're (VP getting (NP (NP (QP only 10 )QP % )NP (PP of (NP (NP the integration dollars )NP (SBAR (S (NP our customers )NP (VP are (VP spending )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S `` (NP We )NP (VP 're (PP in (NP (NP *UNK )NP (SBAR (WHNP that )WHNP (S (VP are (VP going (S (VP to (VP spend (NP (NP a lot )NP (PP of (NP money )NP )PP )NP (PP on (NP that )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP . '' )S  STOP
(S (NP Control Data mainframes )NP (VP are (VP designed (PP for (NP (NP (ADJP *UNKLY *UNK )ADJP computing users )NP , (PP such as (NP the (ADJP scientific , engineering and academic )ADJP communities )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Utilities management )NP (VP is (NP a major commercial niche )NP )VP . )S  STOP
(S (S (VP *UNKING (NP (NP (NP the company 's )NP *UNK )NP (PP with (NP disaster )NP )PP )NP )VP )S , (NP Mr. Price )NP (VP conceded (SBAR (S (NP it )NP (VP had (VP tried (S (VP to (VP do (NP too much )NP (PP on (NP its own )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S `` (ADVP *UNKLY )ADVP , '' (NP he )NP (VP said )VP . )S  STOP
(S But (SBAR while (S (NP its stock )NP (VP is (VP selling (PP at (NP (QP about half )QP (NP Control Data 's )NP estimated breakup value )NP )PP )VP )VP )S )SBAR , (NP neither Messrs. *UNKC nor Price )NP (VP said (SBAR (S (NP he )NP (VP spends (NP much time )NP (S (VP considering (NP (NP the possibility )NP (PP of (NP a hostile takeover )NP )PP )NP )VP )S )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP We )NP (VP 've (VP been (VP listed (PP as (NP a candidate )NP )PP (PP for (NP (NP so long )NP (SBAR (S (NP it )NP (VP 's not (ADJP worth (SBAR (S (VP *UNKING (PP about )PP )VP )S )SBAR )ADJP )VP )S )SBAR )NP )PP )VP )VP )VP )S , '' (VP said )VP (NP Mr. Price )NP . )SINV  STOP
(S (INTJ Well )INTJ , (NP the *UNK East Coast media )NP (VP have (VP spoken (ADVP again )ADVP (PRN -LRB- (NP `` (S (VP *UNKING (PP for (NP the Green )NP )PP )VP )S , '' (NP editorial )NP , (NP Oct. 17 )NP )NP -RRB- )PRN )VP )VP . )S  STOP
(S (S (VP Having (VP *UNKED (PP in (NP (NP the great state )NP (PP of (NP California )NP )PP )NP )PP (PP for (NP the past seven years )NP )PP )VP )VP )S , (NP I )NP (VP find (S (NP (NP it )NP )NP (ADJP hard )ADJP (S (VP to (VP ignore (NP our environmental problems )NP (SBAR (SBAR (WHADVP when )WHADVP (S (NP I )NP (VP start (NP (NP my *UNK )NP (PP to (NP work )NP )PP )NP (PP with (S (S (NP eyes )NP (VP *UNKING )VP )S and (S (NP head )NP (VP *UNKING )VP )S (PP from (NP the *UNKED air )NP )PP )S )PP )VP )S )SBAR ; (SBAR (WHADVP when )WHADVP (S (NP I )NP (VP (VP try (S (VP to (VP enjoy (NP the *UNK )NP )VP )VP )S )VP and (VP come (NP home )NP (S (VP covered (PP with (NP *UNK and oil )NP )PP )VP )S )VP )VP )S )SBAR ; (SBAR (WHADVP when )WHADVP (S (NP I )NP (VP hear (PP of (NP (NP numerous deaths )NP (VP related (PP to (NP irresponsible (NX (NX (NX processing )NX (PP of (NP *UNK )NP )PP )NX and (NX (NX use )NX (PP of (NP chemicals )NP )PP (PP in (NP *UNK growing )NP )PP )NX )NX )NP )PP )VP )NP )PP )VP )S )SBAR )SBAR )VP )VP )S )S )VP . )S  STOP
(S (ADVP Perhaps )ADVP (NP (NP it )NP )NP (VP 's (ADJP *UNKING )ADJP (PP for (NP (NP those )NP (PP like (NP you )NP )PP )NP )PP (S (VP to (VP discount (NP (NP the concerns )NP (PP of (NP environmentalists )NP )PP )NP , (S (VP (VP suggesting (SBAR that (S (NP their *UNK- *UNK )NP (VP are `` (ADJP *UNK )ADJP '' )VP )S )SBAR )VP and (VP referring (PP to (NP (ADJP so many )ADJP citizens )NP )PP (PP as `` (NP *UNK- activists )NP )PP )VP )VP )S )VP )VP )S )VP . '' )S  STOP
(FRAG (ADJP *UNKC )ADJP (SBAR that (S (NP we )NP (VP do n't (VP hear (NP (NP similar *UNK )NP (PP of (NP (NP the East Coast activists )NP (SBAR (WHNP who )WHNP (S (VP seek (S (VP to (VP (VP clean (PRT up )PRT (NP Boston *UNKC )NP )VP or (VP rid (NP their *UNK )NP (PP of (NP medical waste )NP )PP )VP )VP )VP )S )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR . )FRAG  STOP
(S (SBAR While (S (NP there )NP (VP are (NP no easy low-cost solutions )NP )VP )S )SBAR , (S (ADVP simply )ADVP (VP ignoring (NP our problems )NP )VP )S (VP will (VP result (PP in (S (NP their *UNK )NP (VP (VP increasing )VP and (VP spreading (PP throughout (NP (NP the state )NP , (NP the nation )NP and (NP the world )NP )NP )PP )VP )VP )S )PP )VP )VP . )S  STOP
(S (SBAR If (FRAG (NP (NP nothing )NP (ADJP else )ADJP )NP )FRAG )SBAR , (NP (NP such initiatives )NP (PP as (NP these )NP )PP )NP (VP will (VP (VP provide (NP an *UNK )NP (PP to (NP citizens and lawmakers )NP )PP )VP and (VP encourage (NP appropriate *UNK action )NP )VP )VP )VP . )S  STOP
(S (PP Before (NP your next *UNKING editorial )NP )PP , (INTJ *UNK )INTJ (VP spend (NP more time )NP (ADVP out here )ADVP (S (VP *UNKING (NP the situation )NP )VP )S -- (S (NP it )NP (ADVP just )ADVP (VP may (VP change (NP your view )NP )VP )VP )S )VP . )S  STOP
(NP (NP John Barry )NP (NP (NP *UNKC )NP , (NP Calif )NP )NP . )NP  STOP
(S (S (NP I )NP (VP realize (SBAR (S (NP you )NP (VP were (ADVP just )ADVP (VP looking (PP for (NP (NP something )NP (ADJP *UNK )ADJP (SBAR (S (VP to (VP say (PP about (NP (NP California )NP and (NP its environmental movement )NP )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP )S , but (S (S (VP picking (S (NP Frank Lloyd Wright )NP (VP to (VP say (NP it )NP (PP for (NP you )NP )PP )VP )VP )S )VP )S (VP was (NP a bad call )NP )VP )S . )S  STOP
(S (NP (NP Wright 's )NP *UNK architecture )NP (VP *UNKED (NP (NP a *UNK *UNK )NP (PP to (NP the environment )NP )PP )NP (SBAR (NP decades )NP before (S (NP it )NP (VP became (ADJP *UNK )ADJP (PP among `` (NP *UNK- activists )NP )PP )VP )S )SBAR )VP . '' )S  STOP
(S (ADVP Indeed )ADVP , (NP Wright )NP (VP said (NP all his life )NP (SBAR that (S (NP (NP the greatest *UNK )NP (SBAR (S (NP he )NP (VP learned )VP )S )SBAR )NP (VP were (VP *UNKED (PP from (NP (NP the study )NP (PP of (NP nature )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP (NP it )NP )NP (VP 's (ADJP lost )ADJP (PP on (NP you )NP )PP (SBAR that (S (NP (NP (QP about 75 )QP % )NP (PP of (NP the American people )NP )PP )NP (NP these days )NP (PRN -LRB- (NP and (PP in (NP fact )NP )PP (NP (NP the president )NP (PP of (NP the United States )NP )PP )NP )NP -RRB- )PRN (VP consider (S (NP themselves )NP (NP environmentalists )NP )S )VP )S )SBAR )VP . )S  STOP
(S (PP As (PP for (S (NP California )NP (VP being (NP (NP a state )NP (VP run (PP by (NP liberal environmental *UNK )NP )PP )VP )NP )VP )S )PP )PP , (VP let (S (NP 's )NP (VP not (VP forget (SBAR (WHADVP where )WHADVP (S (NP Ronald Reagan )NP (VP came (PP from )PP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (ADVP Perhaps )ADVP (NP (NP Mr. Reagan )NP , (SBAR (WHNP who )WHNP (S (VP claimed (SBAR that (S (NP air pollution )NP (VP is (VP caused (PP by (NP trees )NP )PP )VP )VP )S )SBAR )VP )S )SBAR , )NP (VP is (NP (NP the man )NP (SBAR (S (NP you )NP (VP should (VP be (VP *UNKING (S (VP to (VP back (PRT up )PRT (NP your position (SBAR that (S (NP economics )NP (VP is (ADJP (ADJP more important )ADJP (PP than (NP the Earth )NP )PP )ADJP )VP )S )SBAR )NP )VP )VP )S )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S But (NP it )NP (VP was (NP Frank Lloyd Wright )NP (SBAR (WHNP who )WHNP (S (VP said , `` (SQ Is (NP this )NP not (NP *UNKC )NP ? )SQ )VP )S )SBAR )VP )S  STOP
(NP (NP The *UNKC )NP (SBAR (WHNP that )WHNP (S (VP knows (NP (NP no God )NP (PP but (NP more )NP )PP )NP )VP )S )SBAR ? '' )NP  STOP
(NP (NP Robert *UNKC )NP (NP (NP Santa *UNKC )NP , (NP Calif . )NP )NP )NP  STOP
(S (NP (NP Your editorial )NP )NP (VP was (UCP (ADJP *UNK )ADJP and (VP (ADVP *UNKLY )ADVP matched (PP by (NP (NP (NP the readers ' )NP comments )NP (PP in (NP (NP letters )NP (PP to (NP the editor )NP )PP )NP )PP )NP )PP )VP )UCP , `` (NP (NP *UNKC )NP : (S (VP *UNKING (PP on (NP (NP the *UNKC )NP (PP of (NP *UNKC )NP )PP )NP )PP )VP )S )NP )VP . '' )S  STOP
(S (NP (NP The *UNK and *UNK )NP (PP of (NP (NP (NP John H. *UNKC 's )NP comments )NP (PP for (NP the National Resources Defense Council )NP )PP )NP )PP )NP (VP (ADVP fully )ADVP *UNK (NP (NP your *UNK )NP (PP of (NP (NP (NP California 's )NP *UNKC )NP (PP in (NP particular )NP )PP )NP )PP (PP as `` (NP *UNK- activists )NP )PP )NP )VP . '' )S  STOP
(S (NP We )NP (VP may all (VP (VP hope (SBAR that (S (NP (NP California 's )NP voters )NP (VP will (VP *UNKED (NP (NP the scientific *UNK )NP (SBAR (WHNP that )WHNP (S (NP (NP their own university 's )NP *UNKED *UNKC Tom *UNKC )NP (VP provides (NP them )NP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP and (VP ignore (NP (NP the *UNK )NP (VP *UNKED (PP by (NP their `` *UNK Hollywood *UNK )NP )PP )VP )NP )VP )VP )VP . '' )S  STOP
(S (NP I )NP (VP have (NP (NP a different approach )NP (SBAR (S (VP to (VP offer , (PP (CONJP not only )CONJP (PP to (NP *UNKC )NP )PP , but (PP to (NP all Americans )NP )PP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (NP a free country )NP )PP , (NP the law )NP (VP should (VP restrict (NP citizens )NP (NP (NP as little )NP (SBAR as (S (VP is (ADJP consistent (PP with (NP (NP good *UNK )NP and (NP public safety )NP )NP )PP )ADJP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP *UNKC *UNK )NP (VP should (VP have (NP (NP the burden )NP (PP of (S (VP *UNKING (NP reasonable *UNK )NP (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP urge (NP a *UNK )NP (PP for (NP (NP *UNK )NP (PP into (NP law )NP )PP )NP )PP )VP )S )SBAR )VP )S )PP )NP )VP )VP . )S  STOP
(NP (NP W. Brown *UNKC *UNK . )NP (NP (NP Warsaw )NP , (NP *UNK . )NP )NP )NP  STOP
(S (NP (NP The 170 airlines )NP (PP in (NP the International Air *UNKC Association )NP )PP )NP (NP last year )NP (VP posted (NP (NP group net profit )NP (PP of (NP (QP $ 2.5 billion )QP )NP )PP (PP on (NP (NP revenue )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP According (PP to (NP (NP (NP the association 's )NP annual report )NP , (VP scheduled (S (VP to (VP be (VP released (ADVP today )ADVP (PP in (NP Warsaw )NP )PP )VP )VP )VP )S )VP , )NP )PP )PP (NP *UNKC members )NP (VP have n't (VP posted (NP such a strong performance )NP (PP since (NP the late 1970s )NP )PP )VP )VP . )S  STOP
(S (S (NP Revenue )NP (NP last year )NP (VP increased (PP by (NP (NP (QP more than 11 )QP % )NP (PP over (NP 1988 )NP )PP )NP )PP )VP )S , and (S (NP net income )NP (VP (ADVP nearly )ADVP *UNKED (PP from (NP (NP restated year-earlier net )NP (PP of (NP (QP $ 900 million )QP )NP )PP )NP )PP )VP )S . )S  STOP
(S (NP The group )NP (VP attributed (NP the strong results )NP (PP to (NP (NP the favorable economic climate )NP , (NP (NP rising demand )NP (PP for (NP air travel )NP )PP )NP and (NP (NP improved average yield )NP (PRN -LRB- (NP (NP revenue )NP (VP received (PP per (NP (NP ton )NP (PP of (NP traffic )NP )PP (VP *UNKED (NP a *UNK )NP )VP )NP )PP )VP )NP -RRB- )PRN )NP )NP )PP )VP . )S  STOP
(S (ADVP *UNKC )ADVP , (NP *UNKC airlines )NP (VP carried (NP (NP (QP *UNKN million )QP passengers )NP )NP (NP last year )NP , (ADJP (NP (NP 2 % )NP more )NP (SBAR than (FRAG (PP in (NP 1987 )NP )PP )FRAG )SBAR )ADJP )VP . )S  STOP
(S But (NP (NP *UNK- )NP , (NP (NP the distance )NP (VP *UNK (SBAR while (S (VP carrying (NP people )NP )VP )S )SBAR )VP )NP , )NP (VP increased (NP 5.3 % )NP (PP in (NP 1988 )NP )PP )VP . )S  STOP
(S (NP The association )NP (VP said (SBAR that (S (NP (NP lack )NP (PP of (NP airport and air space capacity )NP )PP )NP (VP is (NP (NP the biggest problem )NP (VP facing (NP the airline industry )NP )VP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The *UNKC )NP (VP has (VP *UNKED (NP (NP a unit )NP (VP known (PP for (S (VP *UNKING (NP *UNK )NP )VP )S )PP )VP )NP )VP )VP )S , (NP the government newspaper *UNKC )NP (VP said )VP . )S  STOP
(S (NP The newspaper )NP (VP quoted (NP KGB chairman *UNKC A. *UNKC )NP (PP as (S (VP saying (SBAR (S (S (NP (NP the definition )NP (PP of (NP *UNK- crimes )NP )PP )NP (VP had (VP narrowed )VP )VP )S , (S (NP the laws )NP (VP had (VP changed )VP )VP )S and (S (NP people )NP (ADVP no longer )ADVP (VP have (S (VP to (VP fear (NP (NP a simple slip )NP (PP of (NP the *UNK )NP )PP )NP )VP )VP )S )VP )S )S )SBAR )VP )S )PP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP was (VP quoted (PP as (S (VP saying (SBAR that (S (PP in (NP (NP place )NP (PP of (NP the *UNK *UNK *UNKC )NP )PP )NP )PP (NP a new unit )NP (VP would (VP work `` (S (VP to (VP *UNK (NP (NP the *UNK )NP (PP of (NP foreign intelligence services )NP )PP (S (VP to (VP create and use (NP (NP organized *UNK- groups )NP (PP in (NP our country )NP )PP )NP )VP )VP )S )NP )VP )VP )S )VP )VP )S )SBAR )VP )S )PP )VP )VP . '' )S  STOP
(S (S (NP *UNKC )NP (VP has (VP restricted (NP (NP *UNK- exports )NP (PP to (NP *UNK countries )NP )PP )NP (PP because of (NP `` (NP massive buying out )NP (PP of (NP food )NP )PP '' (PP by (NP (NP tourists )NP (PP from (NP (NP Poland )NP , (NP Hungary )NP and (NP the Soviet Union )NP )NP )PP )NP )PP )NP )PP )VP )VP )S , (NP the *UNKC *UNKC daily )NP (VP said )VP . )S  STOP
(S (NP (NP *UNKING inflation )NP (PP in (NP Poland and Hungary )NP )PP )NP (VP makes (S (NP *UNKC food , clothing and shoes )NP (ADJP relatively cheap (PP for (NP (NP visitors )NP (PP from (NP these countries )NP )PP )NP )PP )ADJP )S )VP . )S  STOP
(S (NP The paper )NP (VP (VP gave (NP (NP no details )NP (PP of (SBAR (WHNP what )WHNP (S (NP the restrictions )NP (VP would (VP *UNK )VP )VP )S )SBAR )PP )NP )VP but (VP said (SBAR (S (NP the measures )NP (VP were (ADJP necessary )ADJP (S (VP to (VP protect (NP the domestic market )NP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP (NP West Germany 's )NP biggest union )NP , (NP *UNK *UNKC )NP , )NP (VP said (SBAR (S (NP it )NP (VP is (ADJP ready (S (VP to (VP back (NP (NP demands )NP (PP for (NP (NP more pay )NP and (NP *UNK hours )NP )NP )PP )NP (PP with (NP (NP strikes )NP (PP against (NP (NP the nation 's )NP (UCP automotive , steel and engineering )UCP industries )NP )PP )NP )PP )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP Its chairman )NP (VP told (NP the union )NP (S (VP to (VP prepare (PP for (NP the worst )NP )PP (PP in (NP (NP (NP next year 's )NP confrontation )NP (PP with (NP employers )NP )PP (PP over (NP a new three-year wage deal )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP A major goal )NP (VP is (S (VP to (VP cut (NP the working week )NP (PP to (NP 35 hours )NP )PP (PP from (NP the present 37 )NP )PP )VP )VP )S )VP . )S  STOP
(SINV (NP Last week )NP came (NP (NP news )NP (PP of (NP (NP *UNK )NP (PP in (NP *UNKC )NP )PP (PP over (NP a plan (S (VP to (VP *UNK (NP (NP gas fields )NP (ADVP off (NP (NP the city 's )NP coast )NP )ADVP )NP )VP )VP )S )NP )PP )NP )PP )NP . )SINV  STOP
(SINV (ADVP Now )ADVP comes (NP word )NP (PP from (NP a scientist )NP )PP (SBAR that (S (PP over (NP the next century )NP )PP (NP *UNKC )NP (VP will (VP *UNK (ADVP (ADVP (QP nearly three times )QP faster )ADVP (PP than (NP the present rate )NP )PP )ADVP (PP because of (NP the `` *UNK effect )NP )PP )VP )VP )S )SBAR . '' )SINV  STOP
(S `` (S (NP *UNKC warming )NP (VP means (NP (NP higher *UNK )NP (SBAR (WHNP which )WHNP (S (VP will (VP lower (NP Venice )NP (PP by (NP (QP another 23 )QP inches )NP )PP (PP in (NP the next 100 years )NP )PP )VP )VP )S )SBAR )NP )VP )S , '' (NP (NP Giovanni *UNKC )NP (PP of (NP the the New Venice *UNKC )NP )PP )NP (VP said )VP . )S  STOP
(S (NP (NP The consortium )NP (PP of (NP scientists and companies )NP )PP )NP (VP was (VP set (PRT up )PRT (PP by (NP Italy )NP )PP (S (VP to (VP help (S (VP preserve (NP (NP the *UNKED city )NP (PP of (NP *UNK )NP )PP )NP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (NP Venice )NP (VP has (VP *UNK (NP 10 inches )NP (PP in (NP this century )NP )PP )VP )VP . )S  STOP
(S (NP (NP West Germany 's )NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP will (VP establish (NP a *UNK- operation )NP (PP with (NP two local partners )NP )PP (PP in (NP the Soviet Union )NP )PP (NP next year )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (VP *UNKING (SBAR (S (NP this )NP (VP is (NP (NP a first )NP (PP for (NP a Western company )NP )PP )NP )VP )S )SBAR )VP )S , (NP (NP West Germany 's )NP largest *UNK- group )NP (VP said (SBAR (S (NP the (ADJP newly established )ADJP *UNKED *UNKC company )NP (VP is (VP scheduled (S (VP to (VP begin (NP operations )NP (PP in (NP February 1990 )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP will (ADVP initially )ADVP (ADVP only )ADVP (VP send (NP (NP the textile and clothing section )NP (PP of (NP (NP the *UNKC catalog )NP , (VP translated (PP into (NP Russian )NP )PP )VP , )NP )PP )NP (PP to (NP (NP Soviet customers )NP (SBAR (WHNP who )WHNP (S (VP have (NP (NP access )NP (PP to (NP convertible currency )NP )PP )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP The European Community Commission )NP (VP has (VP imposed (NP *UNK *UNKING duties )NP (PP on (NP (NP imports )NP (PP of (NP (ADJP South Korean )ADJP *UNK- *UNK- sets )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (VP *UNKING (SBAR that (S (NP (NP a surge )NP (PP in (NP *UNKED imports )NP )PP )NP (VP (VP had (VP damaged (NP (NP EC producers ' )NP profits )NP )VP )VP and (VP led (PP to (NP job losses )NP )PP )VP )VP )S )SBAR )VP )S , (NP the commission )NP (VP (VP imposed (NP (NP a duty )NP (PP of (NP *UNKN % )NP )PP )NP (PP on (NP (NP *UNKC )NP (VP made (PP by (NP *UNKC )NP )PP )VP )NP )PP )VP , (VP (NP (NP a duty )NP (PP of (NP *UNKN % )NP )PP )NP (PP on (NP *UNKC Co. )NP )PP )VP , (VP (NP 13 % )NP (PP on (NP *UNKC )NP )PP )VP and (VP (NP *UNKN % )NP (PP on (NP (NP *UNKC )NP (VP made (PP by (NP other (ADJP South Korean )ADJP producers )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (NP The commission )NP (VP said (SBAR that (S (NP EC television producers )NP (VP (VP lost `` (NP important market shares )NP '' )VP and (VP suffered (NP (NP an `` *UNK '' pressure )NP (PP on (NP prices )NP )PP )NP )VP (PP because of (NP (NP (NP the Korean companies ' )NP marketing and pricing policies )NP , (SBAR (WHNP which )WHNP (S (NP it )NP (VP said (SBAR (S (VP were `` (PP in (NP (NP clear violation )NP '' (PP of (NP international trade rules )NP )PP )NP )PP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP other news )NP (VP concerning (NP (NP South Korea 's )NP television industry )NP )VP )NP )PP , (NP *UNKC )NP (VP signed (NP (NP an agreement )NP (PP with (NP (NP *UNKC )NP , (NP (NP the *UNK- organization )NP (PP of (NP the Soviet Union )NP )PP )NP , )NP )PP (S (VP to (VP swap (NP Korean (NX (NX television sets )NX and (NX *UNK *UNK )NX )NX )NP (PP for (NP (NP *UNK iron )NP (PP from (NP the Soviet Union )NP )PP )NP )PP )VP )VP )S )NP )VP . )S  STOP
(S (NP (NP South Korea )NP and (NP the Soviet Union )NP )NP (VP (VP have (NP no *UNK relations )NP )VP but (VP *UNKED (NP trade offices )NP (NP earlier this year )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (SBAR (WHADVP where )WHADVP (S (NP (QP more than 15,000 )QP people )NP (VP have (VP died (PP in (NP (NP six years )NP (PP of (NP ethnic turmoil )NP )PP )NP )PP )VP )VP )S )SBAR , )NP (VP said (SBAR (S (NP it )NP (VP will (VP ban (NP sex and violence )NP (PP from (NP state-owned television )NP )PP (NP next year )NP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP (NP Many programs )NP (SBAR (S (NP we )NP (VP have (ADVP now )ADVP )VP )S )SBAR )NP (VP (VP come (PP from (NP the West )NP )PP )VP and (VP are not (ADJP *UNK (PP to (NP our culture )NP )PP )ADJP )VP )VP )S , '' (NP a government minister )NP (VP said )VP . )S  STOP
(S (NP A star *UNK )NP (PP on (NP the national network )NP )PP (VP is (NP (NP the U.S. 's )NP `` (NX *UNKC )NX )NP )VP . '' ... )S  STOP
(S (NP (NP A poll )NP (PP of (NP South *UNKC )NP )PP )NP (VP showed (NP (NP overwhelming opposition )NP (PP to (NP efforts (S (VP to (VP curb (NP *UNK- consumption )NP (SBAR just because (S (NP it )NP (VP *UNK (NP foreigners )NP )VP )S )SBAR )VP )VP )S )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC Inc. )NP (VP said (SBAR (S (NP it )NP (VP doubled (NP its regular quarterly dividend )NP (PP (PP (PP to (NP (NP five cents )NP (NP a share )NP )NP )PP (PP from (NP (NP 2.5 cents )NP (PP on (NP common )NP )PP )NP )PP )PP , and (PP to (NP (NP (NP 4.5 cents )NP (NP a share )NP )NP (NP (NP 2.25 cents )NP (PP on (NP Class B stock )NP )PP )NP , (ADJP payable (NP Nov. 10 )NP (PP to (NP (NP holders )NP (PP of (NP record )NP )PP (NP Nov. 6 )NP )NP )PP )ADJP )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The financial services company )NP (VP emerged (PP from (NP (NP the restructuring )NP (PP of (NP (NP *UNKC & *UNKC , Inc. )NP , (SBAR (WHNP which )WHNP (S (VP (VP *UNK (PRT off )PRT (NP its *UNKING subsidiary )NP (PP into (NP *UNKC & *UNKC Home Corp. )NP )PP (NP earlier this year )NP )VP and (VP changed (NP its name )NP (PP to (NP *UNKC Inc )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (PP For (NP (NP the *UNK- fiscal year )NP (VP ended (NP Sept. 30 )NP )VP )NP )PP , (NP Chairman Eli *UNKC )NP (VP said (SBAR (S (NP he )NP (VP expected (S (NP earnings results )NP (VP to (VP *UNK (NP (NP (NP analysts ' )NP estimates )NP , (SBAR (WHNP which )WHNP (S (NP the company )NP (VP said (SBAR (S (VP have (VP been (VP revised (ADVP upward )ADVP (PP to (NP (NP 80 cents )NP (NP a share )NP )NP )PP )VP )VP )VP )S )SBAR )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP This )NP (VP would (VP compare (PP with (NP (NP an estimated loss )NP (PP of (NP (NP 3 cents )NP (NP a share )NP )NP )PP (PP for (NP (NP (NP the comparable 10 months )NP (NP last year )NP )NP , (SBAR (WHNP which )WHNP (S (VP included (NP restructuring costs )NP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (SBAR If (S (NP this battle )NP (VP were (NP a movie )NP )VP )S )SBAR , (NP the producers )NP (VP would (VP be (VP fighting (PP over (NP (NP two *UNK )NP (PP with (NP (NP nothing )NP (PP but (NP an opening scene )NP )PP (PP in (NP common )NP )PP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (PP In (NP the *UNK )NP )PP , (NP Sony Corp. )NP (VP would (VP agree (S (VP to (VP buy (NP Columbia Pictures Entertainment Inc. )NP (PP in (NP (NP a transaction )NP (VP valued (PP at (NP (QP close to $ 5 billion )QP )NP )PP )VP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (PP (ADVP *UNKLY )ADVP after (NP that )NP )PP , (NP Sony )NP (VP would (VP (VP offer (S (VP to (VP buy (NP Guber-Peters Entertainment Co. )NP (PP for (NP (QP $ 200 million )QP )NP )PP )VP )VP )S )VP and (VP offer (NP (NP its *UNK- )NP , (NP (NP Peter Guber )NP and (NP Jon Peters )NP )NP , )NP (NP the chance (S (VP to (VP run (NP Columbia )NP )VP )VP )S )NP )VP )VP )VP . )S  STOP
(S (NP Mr. Peters )NP (VP would (VP fly (PP to (NP New York )NP )PP (PP with (NP (NP the intention )NP (PP of (S (VP telling (NP Warner Communications Inc. Chairman Steven J. Ross )NP (SBAR that (S (NP Guber-Peters )NP (VP planned (S (VP to (VP end (NP its five-year contract (S (VP to (VP produce (NP movies )NP (PP (ADVP exclusively )ADVP for (NP Warner )NP )PP )VP )VP )S )NP )VP )VP )S )VP )S )SBAR )VP )S )PP )NP )PP )VP )VP . )S  STOP
(S (NP That )NP (VP 's (SBAR (WHADVP where )WHADVP (S (NP the two *UNK )NP (VP would (VP *UNK )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP *UNK )NP (VP filed (PP in (NP Los Angeles *UNKC Court )NP )PP (PP in (NP (NP connection )NP (PP with (NP (NP the (ADJP (QP $ 1 billion )QP )ADJP *UNK- suit )NP (SBAR (S (NP Warner )NP (VP brought (PP against (NP Sony )NP )PP (PP for (S (VP hiring (NP the two producers )NP )VP )S )PP )VP )S )SBAR )NP )PP )NP )PP )VP )NP )PP , (NP (NP Mr. Guber )NP and (NP Mr. Peters )NP )NP (VP tell (NP one story )NP )VP . )S  STOP
(S (NP Warner )NP (VP tells (NP another )NP )VP . )S  STOP
(S (PP In (NP the *UNK )NP )PP , (NP Mr. Peters )NP (VP says (SBAR (S (NP he )NP (VP was `` (ADJP *UNKED )ADJP '' (SBAR (WHADVP when )WHADVP (S (NP Mr. Ross )NP (VP (VP refused (NP a meeting )NP )VP and (VP made (S (NP (NP it )NP )NP (ADJP clear )ADJP (SBAR (S (NP he )NP (VP would (VP stop (NP them )NP )VP )VP )S )SBAR )S )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Peters )NP (VP claims (SBAR (S (NP he )NP (VP *UNKED (NP Mr. Ross )NP (SBAR that (S (NP (NP (NP Robert Daly )NP and (NP Terry Semel )NP )NP , (NP (NP the top executives )NP (PP of (NP the Warner Brothers studio )NP )PP )NP , )NP (VP had `` (ADVP repeatedly )ADVP (VP agreed (SBAR that (S (NP we )NP (VP had (NP every right (S (VP to (VP accept '' (NP (NP an offer )NP (PP such as (NP Sony 's )NP )PP )NP )VP )VP )S )NP )VP )S )SBAR )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP response )NP )PP (PRN , (S (NP Mr. Peters )NP (VP says )VP )S , )PRN (NP Mr. Ross )NP (VP (VP referred (PP to (NP (NP his colleagues )NP (PP at (NP Warner )NP )PP )NP )PP (PP with (NP an `` *UNK '' )NP )PP )VP and (VP said : `` (S (VP *UNKC (NP them )NP (SBAR that (S (NP they )NP (VP do n't (VP have (NP a job )NP )VP )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(S (NP You )NP (VP can (VP take (NP them )NP (PP with (NP you )NP )PP )VP )VP . '' )S  STOP
(S (NP Warner )NP (VP (VP denies (SBAR (S (NP Mr. Ross )NP (ADVP ever )ADVP (VP said (NP any such thing )NP )VP )S )SBAR )VP , and (VP (PRN , (PP in (NP fact )NP )PP , )PRN denies (NP (NP virtually everything )NP (SBAR (S (NP (NP Mr. Guber )NP and (NP Mr. Peters )NP )NP (VP say (PP in (NP their affidavits )NP )PP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (S (NP *UNKC )NP , (NP Warner )NP (VP will (VP file (NP (NP another *UNK )NP (PP of (NP (NP documents )NP (VP *UNKING (SBAR that `` (S (NP (NP the *UNK )NP (PP of (NP (NP everything )NP (SBAR (S (NP these guys )NP (VP are (VP saying )VP )VP )S )SBAR )NP )PP )NP (VP is (ADVP basically )ADVP (NP lies )NP )VP )S )SBAR )VP )NP )PP )NP )VP )VP )S , '' (VP says )VP (NP (NP (NP Warner 's )NP chief outside counsel )NP , (NP *UNKC *UNKC )NP )NP . )S  STOP
(S (NP Thursday )NP , (NP a judge )NP (VP is (VP scheduled (S (VP to (VP rule (PP on (NP (NP (NP Warner 's )NP motion )NP (VP seeking (S (VP to (VP block (NP the Guber-Peters *UNK )NP (PP from (S (VP going (PP to (NP Columbia )NP )PP )VP )S )PP )VP )VP )S )VP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The *UNK )NP (PP of (NP (NP legal documents )NP (VP filed (PP in (NP the past week )NP )PP (PP in (NP (NP connection )NP (PP with (NP the suit )NP )PP )NP )PP )VP )NP )PP )NP (VP provide (NP (NP a *UNK )NP (PP into (NP (NP the *UNK *UNK )NP (PP of (NP this Hollywood *UNK )NP )PP )NP )PP )NP )VP . )S  STOP
(S But (NP they )NP (ADVP also )ADVP (VP make (S (NP (NP it )NP )NP (ADJP clear )ADJP (SBAR that (S (NP (NP the first thing )NP (SBAR (S (NP a judge )NP (VP will (VP have (S (VP to (VP decide )VP )VP )S )VP )VP )S )SBAR )NP (VP is (NP (SBAR (WHNP (WHNP which (PRN , (PP if (NP any )NP )PP , )PRN version )WHNP (PP of (NP (NP events )NP (PP in (NP this *UNK )NP )PP )NP )PP )WHNP (S (VP is (NP *UNK )NP )VP )S )SBAR , and (SBAR (WHNP which )WHNP (S (NP fact )NP )S )SBAR )NP )VP )S )SBAR )S )VP . )S  STOP
(S (NP The matter )NP (VP may (ADVP never )ADVP (ADVP even )ADVP (VP be (VP tried (PP in (NP court )NP )PP )VP )VP )VP . )S  STOP
(S (S (NP Warner )NP (VP says (SBAR that (S (SBAR (WHNP what )WHNP (S (NP it )NP (ADVP really )ADVP (VP wants )VP )S )SBAR (VP is (SBAR for (S (NP the producers )NP (VP to (VP *UNK (NP their *UNK obligations )NP )VP )VP )S )SBAR )VP )S )SBAR )VP )S , but (S (NP (NP (NP the *UNK )NP (PP of (NP this battle )NP )PP )NP and (NP (NP the accusations )NP (VP flying (PP on (NP both sides )NP )PP )VP )NP )NP (VP make (S (NP (NP it )NP )NP (ADJP unlikely )ADJP (SBAR that (S (NP (NP the *UNK- relationship )NP (PP between (NP (NP Warner )NP and (NP its two most *UNK producers )NP )NP )PP )NP (VP can (ADVP ever )ADVP (VP be (VP *UNKED )VP )VP )VP )S )SBAR )S )VP )S . )S  STOP
(S (NP (NP Warner )NP , (SBAR (WHNP which )WHNP (S (VP is (PP in (NP (NP the process )NP (PP of (S (VP *UNKING (PP with (NP Time Warner Inc. )NP )PP )VP )S )PP )NP )PP )VP )S )SBAR , )NP (VP says (SBAR (S (NP it )NP (VP is (ADJP willing (S (VP to (VP settle (NP the matter )NP (PP out (PP of (NP court )NP )PP )PP )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S (ADVP So far )ADVP , (ADVP however )ADVP , (NP Sony )NP (VP has n't (VP been (ADJP willing (S (VP to (VP meet (NP its considerable financial demands )NP )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (NP (NP Mr. Guber )NP and (NP Mr. Peters )NP )NP (VP do n't (VP have (NP (NP much )NP (SBAR (S (VP to (VP gain (PP from (NP a *UNKED battle )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP Sony )NP , (PP for (NP its part )NP )PP , (VP could (VP decide (SBAR that (S (NP (NP the cost )NP (PP of (NP a (NX (NX Warner settlement )NX or (NX court fight )NX )NX )NP )PP )NP (VP is (ADJP too high )ADJP )VP )S )SBAR , (S (VP *UNKING (ADVP instead )ADVP (S (VP to (VP find (NP (NP someone else )NP (SBAR (S (VP to (VP run (NP Columbia )NP )VP )VP )S )SBAR )NP )VP )VP )S , (SBAR although (S (NP that )NP (ADVP too )ADVP (VP would (VP be (ADJP costly )ADJP (PP given (NP (NP the financial arrangement )NP (VP (ADVP already )ADVP guaranteed (PP to (NP (NP Mr. Guber )NP and (NP Mr. Peters )NP )NP )PP )VP )NP )PP )VP )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(S (PP In (NP that case )NP )PP , (S (NP (NP Mr. Guber )NP and (NP Mr. Peters )NP )NP (VP might not (VP suffer (ADVP financially )ADVP )VP )VP )S , but (S (NP they )NP (VP would (VP be (VP left (PP (PP without (NP (NP their dream job )NP (PP of (S (VP running (NP a studio )NP )VP )S )PP )NP )PP and (PP with (NP (NP a considerably *UNKED relationship )NP (PP with (NP Warner )NP )PP )NP )PP )PP )VP )VP )VP )S . )S  STOP
(S (SINV (PP At (NP (NP the center )NP (PP of (NP any court fight )NP )PP )NP )PP (VP will (VP be )VP )VP (NP (NP the *UNKING *UNK )NP (PP of (NP (NP the written contract )NP (PP between (NP (NP Warner )NP and (NP the two producers )NP )NP )PP )NP )PP )NP )SINV , but (S (NP other *UNK issues )NP (VP will (VP play (NP a big role )NP )VP )VP )S . )S  STOP
(S (NP (NP Sony )NP and (NP the Guber-Peters team )NP )NP (VP are (VP *UNKING (NP (NP much )NP (PP of (NP their case )NP )PP )NP (PP (PP on (NP (NP (NP Warner 's )NP *UNK )NP (NP last year )NP (S (VP to (VP release (NP the producers )NP (PP from (NP another contract )NP )PP )VP )VP )S )NP )PP and (PP on (NP (NP an *UNK agreement )NP (SBAR (S (NP they )NP (VP say (SBAR (S (VP allowed (S (NP them )NP (VP to (VP *UNK (NP the current written contract )NP (SBAR if (S (NP the opportunity (S (VP to (VP run (NP a major studio )NP )VP )VP )S )NP (VP came (PRT up )PRT )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP )S )SBAR )NP )PP )PP )VP )VP . )S  STOP
(S (NP Warner )NP (VP (VP denies (SBAR (S (NP such an agreement )NP (VP was (VP made )VP )VP )S )SBAR )VP , and (VP disputes (NP (NP the Guber-Peters version )NP (PP of (NP (NP (ADJP virtually every )ADJP (NX (NX telephone call )NX and (NX meeting )NX )NX )NP (SBAR (S (NP the two sides )NP (VP had (PP on (NP the matter )NP )PP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (SBAR (WHADJP Just how *UNK )WHADJP (S (NP the relationship )NP (VP has (VP become )VP )VP )S )SBAR (VP is (ADJP clear )ADJP (PP from (NP (NP the *UNKING versions )NP (PP of (NP (NP the two sides ' )NP current business dealings )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Mr. Guber )NP and (NP Mr. Peters )NP )NP (VP say (PP in (NP their affidavits )NP )PP (SBAR that (S (NP Warner )NP (ADVP already )ADVP (VP is (VP taking (NP steps )NP (S (VP to (VP *UNK (NP them )NP (PP out (PP of (NP (NP (NP their projects )NP (PP at (NP Warner )NP )PP )NP , (ADVP notably )ADVP (NP (NP the *UNKC *UNKC film )NP `` (NP *UNKC and *UNKC )NP )NP )NP )PP )PP )VP )VP )S )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Mr. Peters )NP (VP says (PP in (NP his affidavit )NP )PP (SBAR that (S (NP (NP the movie 's )NP staff )NP (VP was (VP told (NP last week )NP (SBAR (SBAR that (S (NP Warner )NP (VP was `` (VP taking (PRT over )PRT '' (NP the picture )NP )VP )VP )S )SBAR , and (SBAR (S (NP another producer )NP (VP would (VP be (VP giving (NP (NP all )NP (PP of (NP the orders )NP )PP )NP )VP )VP )VP )S )SBAR )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Over (NP his *UNK )NP )PP (PRN , (S (NP Mr. Peters )NP (VP says )VP )S , )PRN (S (NP (NP the film 's )NP release date )NP (VP was (VP moved (PRT up )PRT `` (PP by (NP many months )NP )PP '' (PP to (NP December )NP )PP )VP )VP )S , and (S (NP (NP plans )NP (PP for (NP (NP a *UNK )NP `` (ADJP worth (NP (NP millions )NP (PP of (NP dollars )NP )PP )NP )ADJP '' )NP )PP )NP (VP were (VP dropped )VP )VP )S . )S  STOP
(S (NP (NP *UNKC de *UNK *UNKC )NP , (NP (NP an editor )NP (PP on (NP the film )NP )PP )NP , )NP (VP backs (NP Mr. Peters )NP (PP in (NP a separate *UNK *UNK )NP )PP )VP . )S  STOP
(S (NP Mr. de la *UNKC )NP (VP says (SBAR (S (NP Warner Brothers production president Mark *UNKC )NP (VP (VP called (NP him )NP (NP Oct. 19 )NP )VP and (VP said (SBAR (S (NP Mr. Peters )NP (VP is `` (PP off (NP the picture )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR If (S (NP he )NP (VP calls (NP you )NP (PRT up )PRT )VP )S )SBAR , (ADVP just )ADVP (VP tell (NP him )NP (SBAR (S (NP everything )NP (VP is (ADJP fine )ADJP )VP )S )SBAR )VP . '' )S  STOP
(S (NP The editor )NP (ADVP also )ADVP (VP says (SBAR (S (NP (NP (NP the new producer )NP (PP on (NP the film )NP )PP )NP , (NP Bruce *UNKC )NP , )NP (VP told (NP *UNK )NP (S (VP to (VP screen (NP the picture )NP (PP without (S (VP telling (NP (NP *UNK (NX (NX *UNKC *UNKC )NX and (NX *UNKC Russell )NX )NX )NP or (NP Mr. Peters )NP )NP )VP )S )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S `` (SBAR (X The less )X (S (NP they )NP (VP know )VP )S )SBAR , (X the easier )X (NP it )NP (VP is (PP for (NP us )NP )PP )VP . )S  STOP
(S (S (SBAR If (S (NP someone )NP (VP asks )VP )S )SBAR , (ADVP just )ADVP (VP (VP lie )VP and (VP tell (NP them )NP (SBAR (S (NP it )NP (VP will (VP be (VP done )VP )VP )VP )S )SBAR )VP )VP )S , '' (NP Mr. de la *UNKC )NP (VP says (SBAR (S (NP Mr. *UNKC )NP (VP told (NP them )NP )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (PRN , (SINV (VP says )VP (NP (NP Warner 's )NP Mr. *UNKC )NP )SINV , )PRN (VP is `` (NP a total (ADJP 100 % )ADJP lie )NP )VP . '' )S  STOP
(S (NP The movie )NP (PRN , (S (NP he )NP (VP says )VP )S , )PRN (VP is (PP in (NP (NP its *UNK- stages )NP (PP of `` (S (VP *UNKING (PRT up )PRT (NP the film )NP )VP )S )PP )NP )PP )VP . '' )S  STOP
(S (NP He )NP (VP says (SBAR (S (NP (NP Mr. Peters )NP and (NP Mr. Guber )NP )NP , (PP as (NP (NP the *UNK producers )NP (PP with (NP *UNK rights )NP )PP )NP )PP , (VP have (VP been (VP invited (UCP (PP to (NP *UNK )NP )PP and (S (VP to (VP give (NP (NP their *UNK )NP (PP on (NP the film )NP )PP )NP )VP )VP )S )UCP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP of (NP Guber-Peters staffers )NP )PP )NP (VP are (ADVP still )ADVP (VP (VP working (PP on (NP the Warner lot )NP )PP )VP and (VP consulting (PP on (NP various projects )NP )PP (PP on (NP a `` daily basis )NP )PP )VP )VP )VP )S , '' (NP the attorney )NP (VP says )VP . )S  STOP
(S (NP Mr. Guber )NP , (PP in (NP his affidavit )NP )PP , (VP says (SBAR that (S (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP advised (NP Warner President Terry Semel )NP (PP of (NP the Sony offer )NP )PP (PP at (NP lunch )NP )PP (PP on (NP Sept. 25 )NP )PP )VP )S )SBAR , (NP Mr. Semel )NP `` (VP (VP *UNKED and *UNKED (NP me )NP )VP , and (VP expressed (NP *UNK (SBAR that (S (NP we )NP (VP had (ADVP finally )ADVP (VP realized (NP (NP our long-term *UNK )NP (PP of (S (VP (VP running )VP and (VP having (NP (NP an equity position )NP (PP in )PP )NP )VP (NP a major entertainment company )NP )VP )S )PP )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Mr. Guber )NP (VP says (SBAR (S (NP he )NP (VP brought (PP to (NP lunch )NP )PP (NP (NP a release document )NP (SBAR (S (NP Warner )NP (VP had (VP agreed (PP to )PP (PP in (NP (NP 1988 )NP , (SBAR (WHADVP when )WHADVP (S (NP (NP he )NP and (NP Mr. Peters )NP )NP (VP made (NP an *UNKED bid (S (VP to (VP buy (NP (NP part )NP (PP of (NP MGM\/UA Entertainment Co. )NP )PP )NP (S (VP to (VP run (NP the MGM studio )NP )VP )VP )S )VP )VP )S )NP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Guber )NP (VP says (SBAR (S (NP he )NP (VP had (VP (VP *UNKED (PRT out )PRT `` (NP MGM )NP '' (PP with (NP a red *UNK )NP )PP )VP and (VP written (PRT in )PRT `` (NP Columbia )NP )VP , '' (S (VP giving (NP the document )NP (PP to (NP Mr. Semel )NP )PP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP Mr. Semel )NP (VP said (NP (NP absolutely nothing )NP (SBAR (S (VP to (VP indicate (SBAR (S (NP Warner )NP (VP would (VP have (NP (NP any *UNK )NP (PP to (S (NP our )NP (VP assuming (NP management positions )NP (PP at (NP Columbia )NP )PP )VP )S )PP )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )S , '' (NP Mr. Guber )NP (VP says )VP . )S  STOP
(S (NP Mr. Semel )NP , (PP in (NP his affidavit )NP )PP , (VP does n't (VP mention (NP any *UNKING or *UNKING )NP )VP )VP . )S  STOP
(S (NP He )NP (VP says (SBAR (S (NP he )NP (VP told (NP Mr. Guber )NP (SBAR (SBAR (S (NP he )NP (VP could n't (VP sign (NP any documents )NP )VP )VP )S )SBAR and (SBAR that `` (S (NP the deal )NP , (SBAR although (S (ADVP apparently )ADVP (NP (NP a good one )NP (PP for (NP (NP him )NP and (NP Mr. Peters )NP )NP )PP )NP )S )SBAR , (VP would (VP have (NP (NP a very negative impact )NP (PP on (NP Warner )NP )PP )NP )VP )VP )S )SBAR )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP said (SBAR (SBAR (S (NP he )NP (VP would (VP contact (NP (NP Mr. Ross )NP and (NP Warner Brothers Chairman Robert Daly )NP )NP )VP )VP )S )SBAR and (SBAR that , (S (PP in (NP a conference call )NP )PP , (NP the three )NP (VP agreed (SBAR (S (NP they )NP (VP could n't (VP let (S (NP the producers )NP (ADVP out (PP of (NP their contract )NP )PP )ADVP )S )VP )VP )S )SBAR )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP Mr. Ross )NP , (PP in (NP his own affidavit )NP )PP , (VP says (SBAR (S (NP (NP he )NP and (NP Mr. Daly )NP )NP (VP *UNKED (NP Mr. Semel )NP (S (VP to (VP tell (NP the producers )NP (SBAR (S (NP Warner )NP (VP would n't (VP *UNK (NP their agreement )NP )VP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Guber )NP (VP says (SBAR (SBAR that (S (NP Mr. Semel )NP (VP did (VP *UNK (NP that information )NP )VP )VP )S )SBAR and (SBAR that (S (NP Mr. Semel )NP (VP said (SBAR (S (NP Mr. Ross )NP (VP was `` (ADJP crazy )ADJP (PP because of (NP the Time deal )NP )PP )VP )S )SBAR , '' (S (VP meaning (PRN , (S (NP Mr. Guber )NP (VP says )VP )S , )PRN (SBAR that (S (NP Mr. Ross )NP `` (VP did not (VP want (S (VP to (VP *UNK (PP to (NP (NP his new merger partner )NP , (NP Time Inc. )NP , )NP )PP (SBAR that (S (NP (NP Warner 's )NP agreements )NP (VP provided (PP for (NP our departure )NP )PP (PP under (NP these circumstances )NP )PP )VP )S )SBAR )VP )VP )S )VP )VP )S )SBAR )VP )S )VP )S )SBAR )SBAR )VP . '' )S  STOP
(S (NP Mr. Guber )NP (ADVP also )ADVP (VP says (PP in (NP his affidavit )NP )PP (SBAR that (S (NP Mr. Daly )NP `` (VP told (NP us )NP (SBAR (SBAR that (S (SBAR even if (S (NP Sony )NP (VP did not (VP want (NP us )NP )VP )VP )S )SBAR , (NP (NP (NP Warner 's )NP relationship )NP (PP with (NP us )NP )PP )NP (ADVP already )ADVP (VP was (VP (ADVP *UNKLY )ADVP damaged )VP )VP )S )SBAR , (SBAR that (S (NP there )NP (VP was (NP (NP no way )NP ` (SBAR (S (VP to (VP put (NP the egg )NP (ADVP together )ADVP )VP )VP )S )SBAR )NP )VP )S )SBAR , ' and (SBAR that (S (NP it )NP (VP would (VP *UNK (NP Sony )NP (PP for (NP (NP tons )NP (PP of (NP money )NP )PP )NP )PP )VP )VP )S )SBAR )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (ADVP Moreover )ADVP (PRN , (NP Mr. Guber )NP (VP claims )VP , )PRN (NP Mr. Semel )NP (VP told (NP him )NP (SBAR that (S (NP Mr. Ross )NP (ADVP probably )ADVP (VP would n't (VP *UNK `` (SBAR if (S (NP it )NP (VP were (NP (NP anybody )NP (ADJP (ADJP other )ADJP (PP than (NP Sony )NP )PP )ADJP )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP Sony )NP (VP is (NP a problem )NP )VP . '' )S  STOP
(S (NP The Guber-Peters side )NP (VP has (VP said (SBAR (S (NP Warner )NP (VP is (ADVP particularly )ADVP (VP concerned (PP about (NP (NP the prospect )NP (PP of (NP (NP a huge Japanese company )NP (VP controlling (NP (NP important segments )NP (PP of (NP the U.S. entertainment business )NP )PP )NP )VP )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Some )NP (PP in (NP Hollywood )NP )PP )NP (VP suggest (SBAR (S (NP (NP Mr. Guber )NP and (NP Mr. Peters )NP )NP (VP took (NP (NP *UNK )NP (PP from (NP (NP Warner studio executives )NP (PP such as (NP (NP Mr. Semel )NP and (NP Mr. *UNKC )NP )NP )PP )NP )PP )NP (ADVP too literally )ADVP )VP )S )SBAR )VP . )S  STOP
(S (PP According (PP to (NP this theory )NP )PP )PP , (NP Warner executives )NP , (S (VP hoping (S (VP to (VP strengthen (NP (NP their relationships )NP (PP with (NP the producers )NP )PP )NP )VP )VP )S )VP )S , (VP encouraged (NP (NP Mr. Guber )NP and (NP Mr. Peters )NP )NP (PP in (NP their *UNK (S (VP to (VP build (NP a major entertainment company )NP )VP )VP )S )NP )PP )VP . )S  STOP
(S But (NP the Warner executives )NP (PP in (NP their affidavits )NP )PP (VP deny (S (ADVP ever )ADVP (VP telling (NP the producers )NP (SBAR (S (NP they )NP (VP could (VP get (PP out (PP of (NP their written contract )NP )PP )PP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (NP the Warner attorney )NP , )NP (VP says (SBAR (S (NP the studio )NP (ADVP still )ADVP (VP wants (S (NP the producers )NP (VP to (VP (VP come (ADVP back )ADVP )VP and (VP fulfill (NP their contract )NP )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S `` (S (S (NP They )NP (VP are (PP like (NP a *UNK- )NP )PP )VP )S ; (S (NP they )NP (VP have (NP (NP 50 projects )NP )NP (PP in (NP development )NP )PP (PP for (NP Warner )NP )PP )VP )S )S , '' (NP he )NP (VP says )VP . )S  STOP
(S But (NP Mr. Guber )NP (VP indicates (PP in (NP his affidavit )NP )PP (SBAR that (S (NP (NP not all )NP (PP of (NP the projects )NP )PP )NP (VP will (VP be (VP used )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP example )NP )PP , (NP he )NP (VP says (SBAR that (S (S (PP since (NP 1985 )NP )PP , (NP (NP he )NP and (NP Mr. Peters )NP )NP (VP have (VP developed (NP (QP over 85 )QP movie projects )NP )VP )VP )S , and (S (NP Warner )NP (VP has (VP `` (VP passed )VP '' or (VP chosen (S not (VP to (VP produce )VP )VP )S )VP (NP (QP at least 76 )QP )NP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (PP As for (NP (NP the projects )NP (VP remaining (PP at (NP Warner )NP )PP )VP )NP )PP (PRN , (S (NP Mr. Guber )NP (VP says )VP )S , )PRN `` (NP Mr. Semel )NP (VP informed (NP me )NP (SBAR that (S (NP (NP Warner 's )NP producers )NP (VP have (ADVP already )ADVP (VP started (NP (NP a ` *UNKING *UNK ' )NP (PP for (NP our projects )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC *UNKC Co. )NP (VP said (SBAR (S (NP it )NP (VP has (VP acquired (NP (NP a Georgia cable television company )NP and (NP a Massachusetts publishing firm )NP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Terms )NP (PP on (NP both deals )NP )PP )NP (VP were n't (VP disclosed )VP )VP . )S  STOP
(S (NP The media company )NP (VP said (SBAR (S (NP it )NP (VP purchased (NP (NP Cable USA Inc. )NP , (NP (NP a (ADJP privately held )ADJP cable television system )NP (PP in (NP (NP (NP *UNKC County )NP , (NP *UNKC )NP )NP , (NP (NP a *UNK )NP (PP of (NP Atlanta )NP )PP )NP )NP )PP )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The system )NP (VP (VP is (ADVP still )ADVP (PP under (NP construction )NP )PP )VP and (VP will (VP serve (NP (NP a market )NP (PP of (NP *UNKN homes )NP )PP )NP )VP )VP )VP . )S  STOP
(S (NP The company )NP (ADVP also )ADVP (VP has (VP acquired (NP (NP *UNKC *UNKC and *UNKC Inc. )NP , (NP (NP a (ADJP family owned )ADJP producer and distributor )NP (PP of (NP educational materials )NP )PP (PP in (NP (NP *UNKC )NP , (NP Mass )NP )NP )PP )NP )NP )VP )VP . )S  STOP
(S (PP Despite (NP (NP (NP politicians ' )NP *UNKING )NP (PP about (NP the federal budget )NP )PP )NP )PP , (NP the government )NP (VP ended (NP fiscal 1989 )NP (PP with (NP (NP a (ADJP (QP $ *UNKN billion )QP )ADJP deficit )NP , (NP (NP about the same )NP (PP as (NP the two previous years )NP )PP )NP )NP )PP )VP . )S  STOP
(S (ADVP Even )ADVP (NP White House budget director Richard Darman )NP (VP had (NP (NP trouble )NP (S (VP finding (NP a silver *UNKING )NP (PP in (NP the report )NP )PP )VP )S )NP )VP . )S  STOP
(S `` (S (NP I )NP (VP *UNK (SBAR (S (NP you )NP (VP could (VP say (SBAR (S (NP the good news )NP (VP is (SBAR that (S (NP the deficits )NP (VP are not (VP heading (ADVP up )ADVP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP )S )SBAR )VP )S (PRN , '' (S (NP he )NP (VP said )VP )S , )PRN `` but (S (NP you )NP (VP ca n't (VP be (VP *UNKED (PP with (NP (NP deficits )NP (PP at (NP this level )NP )PP )NP )PP )VP )VP )VP )S and (S (NP we )NP (VP 're not )VP )S . '' )S  STOP
(S (NP The federal deficit )NP (VP (VP was (NP (QP $ *UNKN billion )QP )NP (PP in (NP 1988 )NP )PP )VP and (VP (NP (QP $ *UNKN billion )QP )NP (PP in (NP 1987 )NP )PP )VP )VP . )S  STOP
(S (NP The 1989 deficit )NP (VP would (VP have (VP been (ADJP (NP (QP nearly $ 10 billion )QP )NP larger )ADJP (SBAR (SINV had (NP the government )NP (VP been (ADJP able (S (VP to (VP spend (NP (NP as much )NP (SBAR as (S (NP Congress )NP (VP intended )VP )S )SBAR )NP (PP on (S (VP *UNKING (PRT up )PRT (NP the thrift industry )NP )VP )S )PP (SBAR before (S (NP the year )NP (VP ended (PP on (NP Sept. 30 )NP )PP )VP )S )SBAR )VP )VP )S )ADJP )VP )SINV )SBAR )VP )VP )VP . )S  STOP
(S (SBAR Because (S (NP the Resolution Trust Corp . )NP (VP could n't (VP spend (NP the money )NP (ADVP fast enough )ADVP )VP )VP )S )SBAR , (NP the savings-and-loan outlays )NP (VP were (VP pushed (PP into (NP fiscal 1990 )NP )PP )VP )VP . )S  STOP
(S (ADVP Nevertheless )ADVP , (NP the 1989 deficit )NP (ADVP still )ADVP (VP exceeded (NP (NP the (ADJP (QP $ *UNKN billion )QP )ADJP target )NP (VP set (PP by (NP the Gramm-Rudman deficit-reduction law )NP )PP )VP )NP (PP by (NP (QP $ 16 billion )QP )NP )PP , (NP (NP a *UNK )NP (PP of (NP (NP that law 's )NP *UNK )NP )PP )NP )VP . )S  STOP
(S (NP The law )NP (VP sets (NP (NP a deficit target )NP (PP of (NP (QP $ 100 billion )QP )NP )PP (PP for (NP fiscal 1990 )NP )PP )NP )VP . )S  STOP
(S (NP (NP A *UNK fight )NP (PP over (S (VP cutting (NP capital-gains taxes )NP )VP )S )PP )NP (VP has (VP slowed (NP (NP the progress )NP (PP of (NP 1990 deficit-reduction legislation )NP )PP )NP (PP (ADVP almost )ADVP to (NP a halt )NP )PP , (S (VP *UNKING (NP (NP *UNK- spending cuts )NP (PP under (NP the Gramm-Rudman law )NP )PP )NP )VP )S )VP )VP . )S  STOP
(S (NP (NP The White House )NP and (NP (NP the Democratic leadership )NP (PP in (NP Congress )NP )PP )NP )NP (VP blame (NP each other )NP (PP for (S (VP turning (NP capital-gains taxes )NP (PP into (NP such a *UNK issue )NP )PP (NP this year )NP )VP )S )PP )VP . )S  STOP
(S (NP Neither side )NP (VP showed (NP (NP any sign )NP (PP of (S (VP *UNKING )VP )S )PP )NP )VP . )S  STOP
(S (S (VP *UNKING (PP with (NP reporters )NP )PP )VP )S (NP Friday )NP , (NP Mr. Darman )NP (ADVP again )ADVP (VP said (SBAR (S (NP he )NP (VP would (VP rather (VP live (PP with (NP *UNK- spending cuts )NP )PP )VP than (VP accept (NP (NP a deficit-reduction bill )NP (PP like (NP (NP the one )NP (VP passed (PP by (NP the House )NP )PP )VP , (SBAR (WHNP which )WHNP (S (VP would (VP increase (NP (NP spending )NP (PP in (NP future years )NP )PP )NP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (VP *UNKING (NP (NP the size )NP (PP of (NP (NP the deficits )NP (PP of (NP the past few years )NP )PP )NP )PP )NP )VP )S , (NP the Treasury report )NP (VP showed (SBAR that (S (PP for (NP the first time )NP )PP (NP (NP (NP interest )NP (VP paid (PP on (NP the public debt )NP )PP )VP )NP -- (NP (QP $ *UNKN billion )QP )NP -- )NP (VP exceeded (NP (NP spending )NP (PP on (NP (NP Social Security )NP , (NP the (ADJP single largest )ADJP government program )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (PP In (NP all )NP )PP , (NP federal outlays )NP (VP amounted (PP to (NP (QP $ *UNKN trillion )QP )NP )PP (PP in (NP 1989 )NP )PP , (ADVP up (NP 7.5 % )NP (PP from (NP the previous year )NP )PP )ADVP )VP )S , (NP the Treasury )NP (VP said )VP . )S  STOP
(S (NP Federal revenues )NP (VP rose (NP 9 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP The Treasury )NP (VP said (SBAR (S (NP (NP a surge )NP (PP in (NP tax receipts )NP )PP (VP noted (ADVP earlier (PP in (NP the year )NP )PP )ADVP )VP )NP (VP did n't (VP turn (PRT out )PRT (S (VP to (VP be (ADJP (ADJP quite as strong )ADJP (SBAR as (S (NP it )NP (ADVP first )ADVP (VP appeared )VP )S )SBAR )ADJP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The Treasury )NP (VP marked (PRT up )PRT (NP its forecast )NP (PP by (NP (QP $ 17 million )QP )NP )PP (PP in (NP July )NP )PP )VP )S , but (S (NP that )NP (VP proved (S (VP to (VP be (ADJP (NP (QP about $ 5 billion )QP )NP too optimistic )ADJP )VP )VP )S )VP )S . )S  STOP
(S (NP The government )NP (VP ran (NP (NP a deficit )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP (PP in (NP September )NP )PP , (PP compared (PP with (NP (NP a surplus )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP (PP in (NP September 1988 )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP for (NP the month )NP )PP )NP (VP totaled (NP (NP (QP $ *UNKN billion )QP )NP , (ADVP up (PP from (NP (QP $ *UNKN billion )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )NP )VP . )S  STOP
(S (NP The increase )NP (VP reflects (NP (NP (NP spending )NP (PP on (NP the S&L rescue )NP )PP )NP (CONJP as well as )CONJP (NP (NP payroll and Social Security checks )NP (VP (ADVP normally )ADVP issued (PP in (NP October )NP )PP )VP (SBAR (WHNP that )WHNP (S (VP were (VP issued (PP in (NP September )NP )PP (NP this year )NP (SBAR because (S (NP Oct. 1 )NP (VP fell (PP on (NP a Sunday )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP were (NP (NP (QP $ *UNKN billion )QP )NP , (ADVP up (PP from (NP (QP $ *UNKN billion )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )NP )VP . )S  STOP
(S (NP *UNKC Energy Corp. )NP (VP said (SBAR (S (NP it )NP (VP would (VP begin (S (VP paying (NP (NP a *UNK- quarterly dividend )NP , (NP (NP (NP the company 's )NP first )NP (PP since (NP 1984 )NP )PP )NP )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC Power Co. )NP , (ADVP now )ADVP (NP (NP the main unit )NP (PP of (NP *UNKC Energy )NP )PP )NP , )NP (VP ran (PP into (NP (NP financial problems )NP (PP over (NP (NP its (ADJP (QP $ 4.2 billion )QP )ADJP Midland nuclear plant )NP , (SBAR (WHNP which )WHNP (S (VP was (VP abandoned (PP as (NP a nuclear facility )NP )PP (PP in (NP 1984 )NP )PP (PP because of (NP (NP construction delays )NP and (NP high costs )NP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (ADJP nearly done )ADJP (S (VP *UNKING (NP the Midland plant )NP (PP to (NP a *UNKED *UNK facility )NP )PP (PP at (NP (NP a cost )NP (PP of (NP (QP $ 600 million )QP )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (NP *UNKC management )NP (VP said (NP Thursday )NP (SBAR that (S (NP they )NP (VP planned (S (VP to (VP recommend (S (VP paying (NP a modest dividend )NP )VP )S (SBAR (WHADVP when )WHADVP (S (NP (NP the board )NP (PP of (NP directors )NP )PP )NP (VP met (NP Friday )NP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The dividend )NP (VP will (VP be (VP paid (NP Nov. 22 )NP (PP to (NP (NP shares )NP (PP of (NP record )NP )PP (NP Nov. 7 )NP )NP )PP )VP )VP )VP . )S  STOP
(S (S (NP The company )NP (VP suffered (NP (NP a loss )NP (PP of (NP (QP $ 270 million )QP )NP )PP )NP (PP in (NP 1985 )NP )PP )VP )S , but (S (NP its financial situation )NP (VP has (VP been (VP improving (PP since (NP then )NP )PP )VP )VP )VP )S . )S  STOP
(S (NP Humana Inc. )NP (VP said (SBAR (S (NP it )NP (VP expects (S (VP to (VP receive (NP (NP (QP about $ 27 million )QP )NP (PP in (NP (NP federal *UNK- *UNK )NP and (NP interest )NP )NP )PP )NP (PP from (NP (NP a court ruling )NP (PP on (NP a tax dispute )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The health-care company )NP (VP said (SBAR (S (NP it )NP (VP expects (S (NP the *UNK )NP (VP to (VP be (VP included (PP in (NP (NP the first quarter )NP (VP ending (NP Nov. 30 )NP )VP )NP )PP )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The refund )NP (VP is (NP (QP about $ 9 million )QP )NP )VP . )S  STOP
(S (NP (NP *UNKED interest )NP (PP on (NP the refund )NP )PP )NP (VP was (NP (QP about $ 18 million )QP )NP (PP as (PP of (NP Oct. 25 )NP )PP )PP )VP . )S  STOP
(S (NP The refund )NP (VP stems (PP from (NP (NP a court ruling )NP (SBAR (WHNP that )WHNP (S (VP found (SBAR (S (NP (NP certain payments )NP (PP by (NP Humana subsidiaries )NP )PP (PP to (NP its insurance subsidiary )NP )PP (PP during (NP (NP fiscal 1977 )NP (PP through (NP 1979 )NP )PP )NP )PP )NP (VP were (ADJP *UNK (PP as (NP (NP premiums )NP (PP for (NP liability insurance )NP )PP )NP )PP )ADJP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP *UNKLY *UNKC International Inc. 's )NP agreement (S (VP to (VP acquire (NP (NP 51 % )NP (PP of (NP Sansui Electric Co. )NP )PP )NP )VP )VP )S )NP (VP *UNK (SBAR that (S (NP foreign companies )NP (VP can (VP acquire (NP Japanese companies )NP -- (SBAR if (S (NP (NP the alternative )NP (PP for (NP the Japanese company )NP )PP )NP (VP is (NP *UNK )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Polly Peck )NP , (NP a *UNKING British conglomerate )NP , )NP (VP will (VP pay (NP (NP (QP *UNKN billion )QP yen )NP (PRN -LRB- (NP (QP $ 110 million )QP )NP -RRB- )PRN )NP (PP for (NP (NP (QP 39 million )QP new shares )NP (PP of (NP (NP Sansui )NP , (NP (NP a well-known maker )NP (PP of (NP *UNK- *UNK equipment )NP )PP (SBAR (WHNP that )WHNP (S (VP failed (S (VP to (VP adjust (PP to (NP changing market conditions )NP )PP )VP )VP )S )VP )S )SBAR )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Japanese government officials )NP , (S (ADJP eager (S (VP to (VP *UNK (NP (NP foreign criticism )NP (PP of (NP (NP Japanese investments )NP (ADVP overseas )ADVP )NP )PP )NP )VP )VP )S )ADJP )S , (VP *UNKED (NP the transaction )NP (PP as (NP proof (SBAR (S (NP foreigners )NP (VP can (VP make (NP similar investments )NP (PP in (NP Japan )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP (NP Polly Peck 's )NP chairman )NP , (NP *UNKC *UNKC )NP , )NP (VP *UNKED (NP (NP the official Japanese view )NP (PP of (NP (NP the accord )NP , (SBAR (WHNP which )WHNP (S (VP was (VP announced (NP Friday )NP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S `` (S (NP The *UNK (SBAR that (S (NP Japan )NP (VP is not (ADJP open (PP to (NP (NP concerns )NP (PP from (NP outside )NP )PP )NP )PP )ADJP )VP )S )SBAR )NP (VP has (PRN , (S (NP I )NP (VP think )VP )S , )PRN (VP been (VP *UNKED (PP at (NP a *UNK )NP )PP )VP )VP )VP )S , '' (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S But (NP analysts )NP (VP say (SBAR (S (NP Sansui )NP (VP is (NP a special case )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP It )NP (VP expects (S (VP to (VP post (NP (NP a loss )NP (PP of (NP (QP 6.4 billion )QP yen )NP )PP (PP for (NP (NP the year )NP (VP ending (NP tomorrow )NP )VP )NP )PP )NP )VP )VP )S )VP )S and (S (NP its liabilities )NP (ADVP currently )ADVP (VP exceed (NP its assets )NP (PP by (NP (QP about 13.8 billion )QP yen )NP )PP )VP )S . `` )S  STOP
(SINV (S (SBAR If (S (NP you )NP (VP find (NP sound , healthy companies )NP (PP in (NP Japan )NP )PP )VP )S )SBAR , (NP they )NP (VP are not (PP for (NP sale )NP )PP )VP )S , '' (VP said )VP (NP (NP George *UNKC )NP , (NP (NP a *UNK- )NP (PP at (NP *UNKED Asia *UNKC Services Inc )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP Statistics )NP (PP on (NP (NP acquisitions )NP (PP by (NP foreigners )NP )PP )NP )PP )NP (VP vary (PP in (NP detail )NP )PP , (SBAR because (S (PP unlike (NP (NP Sansui )NP , (SBAR (WHNP which )WHNP (S (VP is (VP listed (PP on (NP the Tokyo and *UNKC stock exchanges )NP )PP )VP )VP )S )SBAR , )NP )PP (NP (NP most )NP (PP of (NP (NP the Japanese companies )NP (VP acquired (PP by (NP foreigners )NP )PP )VP )NP )PP )NP (VP are (VP (ADVP privately )ADVP held )VP )VP )S )SBAR )VP . )S  STOP
(S But (PP by (NP all accounts )NP )PP (NP foreign companies )NP (VP have (VP bought (NP (NP only a relative handful )NP (PP of (NP Japanese companies )NP )PP )NP (NP this year )NP , (SBAR while (S (NP Japanese companies )NP (VP have (VP acquired (NP (NP hundreds )NP (PP of (NP foreign companies )NP )PP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S Nor do (NP analysts )NP (VP expect (S (NP the Sansui deal )NP (VP to (VP touch (PRT off )PRT (NP (NP a fresh wave )NP (PP of (NP foreign purchases )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (SBAR If (S (NP (NP the strong yen )NP and (NP (NP the high stock prices )NP (PP of (NP Japanese companies )NP )PP )NP )NP (VP were n't (NP (NP *UNK )NP (ADVP enough )ADVP )NP )VP )S )SBAR , (NP (NP (NP *UNK )NP (PP of (NP *UNK- )NP )PP (PP between (NP friendly Japanese companies )NP )PP )NP and (NP (ADJP *UNKLY independent )ADJP Japanese corporate attitudes )NP )NP (VP *UNK (NP most would-be *UNK )NP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP (SBAR (WHADVP when )WHADVP (S (NP a Japanese company )NP (VP is (ADJP ready (S (VP to (VP sell )VP )VP )S )ADJP )VP )S )SBAR , (NP it )NP (VP has (NP (NP few alternatives )NP (VP remaining )VP )NP )VP , and (S (NP (NP the *UNK *UNK )NP (PP of (NP (NP Sansui 's )NP directors )NP )PP (PP at (NP (NP a joint news conference )NP (ADVP here )ADVP )NP )PP )NP (VP left (NP little doubt (SBAR that (S (NP this )NP (VP was not (NP (NP the company 's )NP *UNK hour )NP )VP )S )SBAR )NP )VP )S . )S  STOP
(S (NP Sansui )NP (VP was (ADVP once )ADVP (NP (NP one )NP (PP of (NP (NP (NP Japan 's )NP *UNK makers )NP (PP of (NP (NP expensive , high-quality *UNK *UNK )NP (PP for (NP *UNK )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S But (PP in (NP recent years )NP )PP , (NP the market )NP (VP has (VP moved (PP toward (NP (NP (ADJP less expensive )ADJP `` *UNK- '' sets )NP , (NP (NP *UNKED (NX (NX *UNK )NX and (NX *UNK )NX and (NX software players )NX )NX )NP (SBAR (WHNP that )WHNP (S (VP could (VP be (VP *UNKED (PP on (NP (NP top )NP (PP of (NP each other )NP )PP )NP )PP )VP )VP )VP )S )SBAR )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Some )NP (PP of (NP (NP Sansui 's )NP fellow *UNK- companies )NP )PP , (PP such as (NP (NP *UNKC Co. )NP and (NP Pioneer Electric Corp. )NP )NP )PP , )NP (VP responded (PP to (NP the challenge )NP )PP (PP (PP by (S (VP (ADVP quickly )ADVP bringing (PRT out )PRT (NP (NP *UNK- products )NP (PP of (NP their own )NP )PP )NP )VP )S )PP , (PP by (S (VP moving (ADVP heavily )ADVP (PP into (NP the booming *UNK disk businesses )NP )PP )VP )S )PP or (PP by (S (VP *UNKING (PP into (NP (NP other *UNK- fields )NP , (PP including (NP (NP *UNK disks )NP or (NP portable *UNK players )NP )NP )PP )NP )PP )VP )S )PP )PP )VP . )S  STOP
(S (NP Sansui )NP (VP (VP was (ADJP late (PP into (NP the *UNK- business )NP )PP )ADJP )VP and (VP failed (S (VP to (VP branch (PP into (NP other new businesses )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (SBAR As (S (NP the yen )NP (VP soared (PP in (NP recent years )NP )PP )VP )S )SBAR , (NP (NP Sansui 's )NP *UNKING financial problems )NP (VP became (NP a *UNK *UNK )NP )VP . )S  STOP
(S (SBAR While (S (NP competitors )NP (VP moved (NP production )NP (ADVP *UNK )ADVP (PP in (NP (NP response )NP (PP to (NP (NP the *UNKING *UNK )NP (PP of (NP Japanese factories )NP )PP )NP )PP )NP )PP )VP )S )SBAR , (NP Sansui )NP (VP lacked (NP (NP the money )NP (SBAR (S (VP to (VP build (NP new plants )NP (PP in (NP *UNKC Asia )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(SINV `` (S (NP Our company )NP (VP has not (VP been (ADJP able (S (VP to (VP cope (ADVP very effectively )ADVP (PP with '' (NP (NP changes )NP (PP in (NP the marketplace )NP )PP )NP )PP )VP )VP )S )ADJP )VP )VP )S , (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP Sansui 's )NP president )NP )NP . )SINV  STOP
(S (S But (NP (NP even a Japanese company )NP (SBAR (WHNP that )WHNP (S (VP looks (PP like (NP a *UNK )NP )PP )VP )S )SBAR )NP (VP may (VP turn (PRT out )PRT (S (VP to (VP be (NP (NP a good investment )NP (PP for (NP a foreign concern )NP )PP )NP )VP )VP )S )VP )VP )S , (NP some management consultants )NP (VP maintain )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP a management consultant )NP (PP for (NP *UNKC & Hamilton (PRN -LRB- (NP Japan )NP -RRB- )PRN Inc. )NP )PP )NP , )NP (VP said (SBAR (S (NP his firm )NP (VP will (ADVP likely )ADVP (VP be (VP *UNKING (NP (NP acquisitions )NP (PP of (NP Japanese companies )NP )PP )NP (ADVP more often )ADVP (PP to (NP foreign clients )NP )PP (PP in (NP the future )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (S (NP (NP *UNKC )NP -LCB- (PP toward (S (VP being (VP acquired )VP )VP )S )PP -RCB- )NP (VP are (ADVP still )ADVP (ADJP negative )ADJP )VP )S , but (S (NP they )NP (VP 're (VP becoming (ADJP more positive )ADJP )VP )VP )S )S , '' (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S `` (PP In (NP some industries )NP )PP , (PP like (NP *UNK )NP )PP , (NP acquisitions )NP (VP make (NP sense )NP )VP . '' )S  STOP
(S (S (SBAR *UNKC (S (NP (NP Polly Peck 's )NP acquisition )NP (VP makes (NP sense )NP )VP )S )SBAR (VP remains (S (VP to (VP be (VP seen )VP )VP )VP )S )VP )S , but (S (PP at (NP the news conference )NP )PP , (NP Mr. *UNKC )NP (VP *UNKED (PP with (NP *UNK- (SBAR that (S (NP he )NP (VP can (VP turn (NP Sansui )NP (PRT around )PRT )VP )VP )S )SBAR )NP )PP )VP )S . )S  STOP
(S (NP Sansui )NP (PRN , (S (NP he )NP (VP said )VP )S , )PRN (VP is (NP (NP a perfect fit )NP (PP for (NP (NP (NP Polly Peck 's )NP electronics operations )NP , (SBAR (WHNP which )WHNP (S (VP make (NP (NP *UNK )NP , (NP *UNK recorders )NP , (NP *UNK )NP and (NP other products )NP )NP (PP on (NP an `` original equipment maker '' basis )NP )PP (PP for (NP (NP sale )NP (PP under (NP (NP other companies ' )NP brand names )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP Polly Peck )NP (VP (VP will (VP (ADVP greatly )ADVP expand (NP (NP Sansui 's )NP product line )NP , (S (VP using (NP (NP Sansui 's )NP engineers )NP (S (VP to (VP design (NP the new products )NP )VP )VP )S )VP )S )VP )VP , and (VP will (VP move (NP (NP (NP Sansui 's )NP production )NP (PP of (NP (NP most products )NP (ADJP (ADJP other )ADJP (PP than (NP sophisticated audio *UNK )NP )PP )ADJP )NP )PP )NP (ADVP *UNK )ADVP (PP into (NP (NP Polly Peck 's )NP own factories )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (SBAR (WHNP Whatever capital )WHNP (S (NP (NP it )NP (PRN -LRB- (NP Sansui )NP -RRB- )PRN )NP (VP needs (SBAR so (S (NP it )NP (VP can (VP (VP compete )VP and (VP become (NP (NP a (ADJP totally global )ADJP *UNK )NP (ADJP capable (PP of (S (VP competing (PP with (NP (NP the best )NP (PP in (NP the world )NP )PP )NP )PP )VP )S )PP )ADJP )NP )VP )VP )VP )S )SBAR )VP )S )SBAR , (NP that capital )NP (VP will (VP be (VP *UNKED )VP )VP )VP )S , '' (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S And (SBAR while (S (NP Polly Peck )NP (VP is n't (VP *UNKING (NP (NP the *UNK *UNK- structure )NP (PP of (NP Sansui )NP )PP )NP )VP )VP )S )SBAR , (NP it )NP (VP is (VP bringing (PRT in )PRT (NP a former Toshiba Corp. executive )NP (PP as (NP (NP executive vice president )NP and (NP chief operating officer )NP )NP )PP )VP )VP . )S  STOP
(S (NP Such risk taking )NP (VP is (NP an *UNK matter )NP (PP for (NP (NP the *UNK Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP is (NP (NP (NP (ADJP 25 % )ADJP owner )NP (PP of (NP Polly Peck )NP )PP )NP (CONJP as well as )CONJP (NP its chairman )NP )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP He )NP (VP (VP took (NP (NP Polly Peck )NP , (ADVP once )ADVP (NP a small *UNK *UNK )NP )NP )VP , and (VP used (NP it )NP (X at )X (PP as (NP (NP a base )NP (SBAR (S (VP to (VP build (NP (NP a conglomerate )NP (SBAR (WHNP that )WHNP (S (VP has (VP been (VP doubling (NP its profits )NP (ADVP annually )ADVP (PP since (NP 1980 )NP )PP )VP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (PP In (NP September )NP )PP , (NP it )NP (VP announced (NP plans (S (VP to (VP acquire (NP (NP the *UNK- business )NP (PP of (NP (NP RJR Nabisco Inc. 's )NP *UNKC *UNKC *UNK unit )NP )PP )NP (PP for (NP (NP (QP # *UNKN million )QP )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP )PP )VP )VP )S )NP )VP . )S  STOP
(S (NP Last month )NP , (NP Polly Peck )NP (VP posted (NP (NP a (ADJP 38 % )ADJP jump )NP (PP in (NP pretax profit )NP )PP (PP for (NP the first half )NP )PP (PP to (NP (QP # *UNKN million )QP )NP )PP (PP from (NP (QP # *UNKN million )QP )NP )PP (PP on (NP (NP a (ADJP 63 % )ADJP rise )NP (PP in (NP sales )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC S. *UNKC )NP (PP in (NP London )NP )PP )NP (VP contributed (PP to (NP this article )NP )PP )VP . )S  STOP
(S (NP (NP The *UNKED cellular agreement )NP (PP between (NP (NP BellSouth Corp. )NP and (NP LIN Broadcasting Corp. )NP )NP )PP )NP (VP (VP carries (NP *UNKED risks )NP )VP and (VP could (VP fail (S (VP to (VP fend (PRT off )PRT (NP (NP McCaw *UNKC Communications Inc. )NP , (NP (NP the rival suitor )NP (PP for (NP LIN )NP )PP )NP )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP the amended pact )NP (VP shows (SBAR (WHADVP how )WHADVP (S (NP (NP McCaw 's )NP *UNK )NP (VP has (VP pushed (NP (NP LIN )NP and (NP BellSouth )NP )NP (PP into (NP a corner )NP )PP , (S (VP forcing (NP huge debt )NP (PP on (NP the proposed new company )NP )PP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The debt )NP , (VP estimated (PP at (NP (QP $ 4.7 billion )QP )NP )PP )VP , )NP (VP could (VP mortgage (NP (NP the cellular company 's )NP future earning power )NP (SBAR in order (S (VP to (VP *UNK (NP some LIN holders )NP (PP in (NP the short term )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The plan )NP (ADVP still )ADVP (VP calls (SBAR for (S (NP LIN )NP (VP (VP to (VP combine (NP its cellular telephone properties )NP (PP with (NP BellSouth 's )NP )PP )VP )VP and (VP to (VP spin (PRT off )PRT (NP its broadcasting operations )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S But (PP under (NP (NP new terms )NP (PP of (NP the agreement )NP )PP , (VP announced (NP Friday )NP )VP , )NP )PP (NP LIN holders )NP (VP would (VP receive (NP (NP a special cash dividend )NP (PP of (NP (NP $ 42 )NP (NP a share )NP )NP )PP , (VP representing (NP (NP a *UNK )NP (PP of (NP (QP about $ *UNKN billion )QP )NP )PP )NP )VP )NP , (PP (ADVP shortly )ADVP before (NP the proposed merger )NP )PP )VP )VP . )S  STOP
(S (NP LIN )NP (VP said (SBAR (S (NP it )NP (VP expects (S (VP to (VP borrow (NP (NP the money )NP (SBAR (S (VP to (VP pay (NP the dividend )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP )S , but (S (NP (NP commitments )NP (PP from (NP banks )NP )PP )NP (ADVP still )ADVP (VP have n't (VP been (VP obtained )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Under (NP previous terms )NP )PP , (NP holders )NP (VP would (VP have (VP received (NP (NP a dividend )NP (PP of (NP (NP (QP only $ 20 )QP )NP (NP a share )NP )NP )PP )NP )VP )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP (ADJP New York-based )ADJP LIN )NP (VP would (VP exercise (NP its right (S (VP to (VP buy (PRT out )PRT (PP for (NP (QP $ 1.9 billion )QP )NP )PP (NP (NP the (ADJP 55 % )ADJP equity interest )NP (PP of (NP (NP its partner )NP , (NP Metromedia Co. )NP )NP )PP , (PP in (NP a New York cellular franchise )NP )PP )NP )VP )VP )S )NP )VP )VP . )S  STOP
(S (NP That money )NP (ADVP also )ADVP (VP would (VP have (S (VP to (VP be (VP borrowed )VP )VP )VP )S )VP )VP . )S  STOP
(S (PP In (NP effect )NP )PP , (NP McCaw )NP (VP has (VP forced (NP (NP LIN 's )NP hand )NP (PP by (S (VP bidding (NP (QP $ 1.9 billion )QP )NP (PP for (NP the stake )NP )PP (NP earlier this month )NP )VP )S )PP )VP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP 're (VP taking (PRT on )PRT (NP (NP more debt )NP (SBAR than (S (NP we )NP (VP would (VP have (VP *UNKED (S (VP to )VP )S )VP )VP )VP )S )SBAR )NP )VP )VP )S , '' (VP acknowledged )VP (NP (NP Michael *UNKC )NP , (NP (NP LIN 's )NP vice president and treasurer )NP )NP . )SINV  STOP
(S (SBAR Although (S (NP he )NP (VP expressed (NP confidence (SBAR that (S (NP (NP the proposed new company 's )NP cash flow )NP (VP would (VP be (ADJP sufficient (S (VP to (VP cover (NP (NP interest payments )NP (PP on (NP the debt )NP )PP )NP )VP )VP )S )ADJP )VP )VP )S )SBAR )NP )VP )S )SBAR , (NP he )NP (VP estimated (SBAR that (S (NP the company )NP (VP would n't (VP be (ADJP profitable )ADJP (PP until (UCP (NP 1994 )NP or (ADJP later )ADJP )UCP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP estimate (NP (NP the value )NP (PP of (NP the BellSouth proposal )NP )PP )NP (PP at (NP (NP (QP about $ 115 to $ 125 )QP )NP (NP a share )NP )NP )PP )VP . )S  STOP
(S (NP They )NP (VP value (NP (NP McCaw 's )NP bid )NP (PP at (NP (NP (QP $ *UNKN to $ *UNKN )QP )NP (NP a share )NP )NP )PP )VP . )S  STOP
(S (NP The previous BellSouth pact )NP (VP was (VP valued (PP at (NP (NP (QP about $ 98 to $ 110 )QP )NP (NP a share )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP McCaw )NP , (NP (NP the largest provider )NP (PP of (NP cellular telephone service )NP )PP (PP in (NP the U.S. )NP )PP )NP , )NP (ADVP already )ADVP (VP owns (NP (NP (QP about *UNKN )QP % )NP (PP of (NP (NP LIN 's )NP stock )NP )PP )NP )VP . )S  STOP
(S (PP In (NP (NP response )NP (PP to (NP (NP BellSouth 's )NP amended pact )NP )PP )NP )PP , (NP the (NAC *UNKC , Wash. , )NAC company )NP (VP extended (NP its own offer (S (VP to (VP buy (NP (QP 22 million )QP LIN shares )NP (PP for (NP (NP $ 125 )NP (ADVP apiece )ADVP )NP )PP , (SBAR (WHNP which )WHNP (S (VP would (VP give (NP McCaw )NP (NP a (ADJP *UNKN % )ADJP controlling interest )NP )VP )VP )S )SBAR )VP )VP )S )NP )VP . )S  STOP
(S (PP Over (NP the weekend )NP )PP , (NP McCaw )NP (VP continued (S (VP to (VP call (PP for (NP (NP an auction )NP (PP of (NP LIN )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Analysts )NP (VP said (SBAR (S (NP they )NP (VP expect (S (NP McCaw )NP (VP to (VP *UNK (NP the bidding )NP (ADVP again )ADVP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP This game )NP (VP is n't (ADJP over )ADJP (ADVP yet )ADVP )VP )S , '' (VP said )VP (NP (NP *UNKC D. *UNKC )NP , (NP (NP a vice president )NP (PP at (NP Donaldson , Lufkin & Jenrette Securities Corp )NP )PP )NP )NP . )SINV  STOP
(S `` (PP At (NP some point )NP )PP , (NP it )NP (VP will (VP become (ADJP *UNK- )ADJP (PP for (NP one company )NP )PP )VP )VP . )S  STOP
(S But (NP I )NP (VP do n't (VP think (SBAR (S (NP we )NP (VP 're (PP at (NP that point )NP )PP (ADVP yet )ADVP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (PP Under (NP its revised proposal )NP )PP , (NP *UNKED BellSouth )NP (VP (VP would (VP have (NP (NP a (ADJP 50 % )ADJP interest )NP (PP in (NP the new cellular company )NP )PP )NP )VP )VP and (VP would (VP be (ADJP responsible (PP for (NP (NP half )NP (PP of (NP its debt )NP )PP )NP )PP )ADJP )VP )VP )VP . )S  STOP
(S (S (VP (VP To (VP *UNK (NP the pact )NP (ADVP further )ADVP )VP )VP (PRN -- and (VP to (VP ease (NP (NP concerns )NP (PP of (NP institutional investors )NP )PP )NP )VP )VP -- )PRN )VP )S (NP BellSouth )NP (VP added (NP (NP a provision )NP (VP designed (S (VP to (VP give (NP extra protection )NP (PP to (NP holders )NP )PP (SBAR if (S (NP the regional Bell company )NP (ADVP ever )ADVP (VP decides (S (VP to (VP buy (NP (NP the rest )NP (PP of (NP the new cellular company )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP )VP )S )VP )NP )VP . )S  STOP
(S (NP (NP The provision )NP , (VP described (PP as (NP `` *UNK- '' protection )NP )PP )VP , )NP (VP would (VP require (S (NP BellSouth )NP (VP to (VP pay (NP (NP a price )NP (ADJP equivalent (PP to (SBAR (WHNP what )WHNP (S (NP an outside party )NP (VP might (VP have (S (VP to (VP pay )VP )VP )S )VP )VP )S )SBAR )PP )ADJP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP McCaw 's )NP bid )NP (ADVP also )ADVP (VP has (NP a similar *UNK )NP )VP . )S  STOP
(S Only (NP (NP McCaw 's )NP proposal )NP (VP requires (S (NP the company )NP (VP to (VP begin (NP an auction process )NP (PP in (NP June 1994 )NP )PP (PP for (NP remaining shares )NP )PP (PP at (NP *UNK- prices )NP )PP )VP )VP )S )VP . )S  STOP
(S (S (VP To (VP *UNK (NP (NP shareholders )NP (VP concerned (PP about (NP (NP the long-term value )NP (PP of (NP the company )NP )PP (PP under (NP the *UNKC agreement )NP )PP )NP )PP )VP )NP )VP )VP )S , (NP BellSouth )NP (ADVP also )ADVP (VP agreed (S (VP to (VP pay (NP (NP (NP (QP as much as $ 10 )QP )NP (NP a share )NP )NP , or (NP (QP $ *UNKN million )QP )NP )NP , (SBAR if (S (PRN , (PP after (NP five years )NP )PP , )PRN (NP (NP the trading value )NP (PP of (NP the new cellular company )NP )PP )NP (VP is n't (ADJP (ADJP as high )ADJP (PP as (NP (NP the value )NP (SBAR (WHNP that )WHNP (S (NP shareholders )NP (VP would (VP have (VP realized (PP from (NP the McCaw offer )NP )PP )VP )VP )VP )S )SBAR )NP )PP )ADJP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S `` (NP We )NP (VP 're (ADJP very pleased (PP with (NP the new deal )NP )PP )ADJP )VP . )S  STOP
(SINV (S (NP We )NP (VP did n't (VP expect (S (NP BellSouth )NP (VP to (VP be (ADJP so *UNK )ADJP )VP )VP )S )VP )VP )S , '' (VP said )VP (NP (NP Frederick A. *UNKC )NP , (NP (NP president )NP (PP of (NP (NP *UNKC Asset Management Inc. )NP , (SBAR (WHNP which )WHNP (S (VP holds (NP 500,000 LIN shares )NP )VP )S )SBAR )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP BellSouth 's )NP `` *UNK- protection )NP (VP was (VP *UNKED (ADVP previously )ADVP )VP )VP . )S  STOP
(S (NP We )NP (VP think (SBAR (S (NP this )NP (VP is (NP (NP a superior deal )NP (PP to (NP McCaw 's )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP We )NP (VP 're (ADJP surprised )ADJP )VP . )S  STOP
(S (NP We )NP (VP did n't (VP think (SBAR (S (NP a *UNKING -LCB- Bell -RCB- *UNK )NP (VP would (VP be (ADJP willing (S (VP to (VP take (PRT on )PRT (NP *UNK )NP )VP )VP )S )ADJP )VP )VP )S )SBAR )VP )VP . '' )S  STOP
(S But (NP (NP Kenneth *UNKC )NP , (NP (NP a telecommunications analyst )NP (PP with (NP Bear , Stearns & Co. )NP )PP )NP , )NP (VP finds (S (NP the BellSouth proposal )NP (VP (ADVP still )ADVP *UNKED (SBAR because (S (NP the company )NP (VP does n't (VP have (S (VP to (VP wait (NP five years )NP (S (VP to (VP begin (S (VP buying (NP more LIN shares )NP )VP )S )VP )VP )S )VP )VP )S )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S `` (SBARQ (WHNP How many shares )WHNP (S (VP will (VP be (ADVP around )ADVP (PP in (NP 1995 )NP )PP )VP )VP )S ? )SBARQ '' (NP he )NP (VP asked )VP . )S  STOP
(S `` (NP There )NP (VP 's (NP (NP nothing )NP (VP *UNKING (NP BellSouth )NP (PP from (S (VP buying (PRT up )PRT (NP shares )NP (PP in (NP the meanwhile )NP )PP )VP )S )PP )VP )NP )VP . '' )S  STOP
(S (NP (NP BellSouth 's )NP revised proposal )NP (VP surprised (NP many industry analysts )NP , (PP (ADVP especially )ADVP because of (NP (NP the company 's )NP willingness (S (VP to (VP accept (NP (NP some *UNK )NP (PP of (NP future earnings )NP )PP )NP )VP )VP )S )NP )PP )VP . )S  STOP
(S (NP (NP William O. *UNKC )NP , (NP (NP president )NP (PP of (NP (NP the company 's )NP BellSouth Enterprises Inc. unit )NP )PP )NP , )NP (VP said (SBAR (S (NP (NP the revised agreement )NP (PP with (NP LIN )NP )PP )NP (VP would (VP (VP *UNK (NP BellSouth earnings )NP (PP by (NP (QP about 9 )QP % )NP )PP (PP in (NP both 1990 and 1991 )NP )PP )VP and (VP (PP by (NP significantly less )NP )PP (ADVP thereafter )ADVP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Indeed )ADVP , (NP (NP BellSouth 's )NP cellular operations )NP (VP were (PP among (NP (NP the first )NP (PP in (NP the country )NP )PP (SBAR (S (VP to (VP become (ADJP profitable )ADJP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP For (NP 1988 )NP )PP , (NP BellSouth )NP (VP earned (NP (NP (QP $ 1.7 billion )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (PP on (NP (NP revenue )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP Analysts )NP (VP were (VP predicting (NP (NP 1990 BellSouth earnings )NP (PP in (NP (NP the range )NP (PP of (NP (NP (NP $ *UNKN )NP (NP a share )NP )NP , or (NP (QP $ 1.9 billion )QP )NP )NP )PP )NP )PP )NP )VP )VP )S , but (S (ADVP now )ADVP (NP those estimates )NP (VP are (VP being (VP *UNKED (ADVP back )ADVP )VP )VP )VP )S . )S  STOP
(S (PP In (NP composite trading )NP )PP (NP Friday )NP (PP on (NP the New York Stock Exchange )NP )PP , (NP BellSouth shares )NP (VP fell (NP 87.5 cents )NP (PP to (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (PP In (NP national over-the-counter trading )NP )PP , (NP LIN shares )NP (VP soared (NP $ *UNKN )NP (S (VP to (VP closed (PP at (NP $ *UNKN )NP )PP )VP )VP )S , (SBAR while (S (NP McCaw )NP (VP fell (NP (NP $ 2.50 )NP (NP a share )NP )NP (PP to (NP $ *UNKN )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The (NP (NP proposed *UNKC cellular company )NP , (PP including (NP the (ADJP newly acquired )ADJP Metromedia stake )NP )PP , )NP )NP (VP would (VP give (NP the new entity )NP (NP (NP (QP 55 million )QP potential customers )NP , (PP including (NP (NP (QP about 35 million )QP )NP (PP in (NP (NP the nation 's )NP top 10 markets )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP (PP of (NP Bear Stearns )NP )PP )NP (VP speculated (SBAR that (S (NP McCaw )NP , (PP in (NP an attempt (S (VP to (VP buy (NP time )NP )VP )VP )S )NP )PP , (VP might (VP consider (S (VP filing (NP an antitrust suit )NP (PP against (NP BellSouth )NP )PP (PP with (NP (NP the Justice Department )NP and (NP (NP U.S. District Judge Harold *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP oversees (NP (NP enforcement )NP (PP of (NP (NP the consent *UNK )NP (SBAR (WHNP that )WHNP (S (VP broke (PRT up )PRT (NP the Bell system )NP (PP in (NP 1984 )NP )PP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )NP )NP )PP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Indeed )ADVP , (NP McCaw )NP (VP seemed (S (VP to (VP *UNK (PP at (NP that option )NP )PP (PP in (NP a brief statement )NP )PP )VP )VP )S )VP . )S  STOP
(S (S (VP *UNKING (NP LIN directors )NP (S (VP to (VP conduct `` (NP a fair auction )NP (PP on (NP a level playing field )NP )PP )VP )VP )S )VP )S , '' (NP McCaw )NP (VP asked (SBAR (WHADVP how well )WHADVP (S (NP the public interest )NP (VP would (VP be (VP served `` (PP with (S (NP the Bell operating companies )NP (VP controlling (NP (NP (QP over *UNK )QP % )NP (PP of (NP (NP all cellular -LCB- potential customers -RCB- )NP (PP in (NP (NP the nation 's )NP top 10 markets )NP )PP )NP )PP )NP )VP )S )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Market makers )NP (PP in (NP Nasdaq over-the-counter stocks )NP )PP )NP (VP are (VP adding (NP their voices )NP (PP to (NP (NP the *UNKING *UNK )NP (PP of (NP (NP complaints )NP (PP about (NP program trading )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP Their *UNK )NP , (ADVP however )ADVP , (VP has (NP a strong practical aspect )NP )VP )S : (S (NP Program trading )NP (VP is (ADJP *UNK (PP to (NP their *UNK )NP )PP )ADJP )VP )S . )S  STOP
(SINV (S (NP (NP (NP The most controversial form )NP (PP of (NP program trading )NP )PP )NP , (NP stock-index arbitrage )NP , )NP (VP is `` (VP making (S (NP (NP it )NP )NP (ADJP tough )ADJP (SBAR for (S (NP traders )NP (VP to (VP make (NP money )NP )VP )VP )S )SBAR )S )VP )VP )S , '' (VP declares )VP (NP (NP Robert *UNKC )NP , (NP (NP head )NP (PP of (NP OTC trading )NP )PP (PP at (NP Donaldson , Lufkin & Jenrette )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP *UNKC arbitrage )NP (PRN -- (NP (NP the *UNKED buying and selling )NP (PP of (NP stocks )NP )PP (PP with (NP (NP offsetting trades )NP (PP in (NP stock-index futures )NP )PP (SBAR (S (VP to (VP profit (PP from (NP *UNKING price *UNK )NP )PP )VP )VP )S )SBAR )NP )PP )NP -- )PRN )NP (VP *UNK (NP the OTC market )NP (ADVP directly )ADVP (PP through (NP (NP the 31 stocks )NP (VP included (PP in (NP (NP Standard & Poor 's )NP 500-stock index )NP )PP )VP )NP )PP )VP . )S  STOP
(S (NP The S&P 500 )NP (VP is (ADVP often )ADVP (VP used (PP in (NP arbitrage strategies )NP )PP )VP )VP . )S  STOP
(S (NP (NP The portion )NP (PP of (NP (NP OTC volume )NP (ADJP *UNK (PP to (NP program trading )NP )PP )ADJP )NP )PP )NP (VP is n't (VP known , (SBAR as (S (NP it )NP (VP is (PP on (NP (NP the New York Stock Exchange )NP , (SBAR (WHADVP where )WHADVP (S (NP it )NP (VP amounted (PP to (NP (QP more than 13 )QP % )NP )PP (PP in (NP September )NP )PP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP from (NP traders )NP )PP )NP (VP put (NP it )NP (PP at (NP (NP (QP less than 5 )QP % )NP (PP of (NP (NP (NP Nasdaq 's )NP average daily volume )NP (PP of (NP (QP roughly *UNKN million )QP shares )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(NP (NP Other *UNK- *UNK )NP : (S (NP Program trading )NP (ADVP also )ADVP (VP causes (S (NP the Nasdaq Composite Index )NP (VP to (VP lose (NP ground )NP (PP against (NP (NP other segments )NP (PP of (NP the stock market )NP )PP )NP )PP )VP )VP )S )VP )S . )NP  STOP
(S (PP Because of (NP program trading )NP )PP (NP (NP it )NP )NP (VP is (ADJP more difficult )ADJP (S (VP to (VP trade (NP many OTC stocks )NP (PP without (NP sharp price moves )NP )PP )VP )VP )S , (NP (NP a condition )NP (VP known (PP as (NP *UNK )NP )PP )VP )NP )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP (NP the price volatility )NP (SBAR (WHNP that )WHNP (S (VP is (VP *UNKED (PP by (NP program trading )NP )PP )VP )VP )S )SBAR )NP (VP is (VP *UNKING (NP efforts (S (VP to (VP *UNK (NP individual investors )NP (ADVP back (PP to (NP (NP an OTC market )NP (SBAR (WHNP that )WHNP (S (VP (ADVP *UNKLY )ADVP *UNK (NP them )NP )VP )S )SBAR )NP )PP )ADVP )VP )VP )S )NP )VP )VP . )S  STOP
(S (NP (NP Some )NP (PP of (NP these problems )NP )PP )NP (VP are (ADJP neither new nor *UNK (PP to (NP the OTC market )NP )PP )ADJP )VP . )S  STOP
(S But (NP (NP the big , (ADJP often *UNK )ADJP slide )NP (PP in (NP stock prices )NP )PP (NP this month )NP )NP (VP has (VP turned (NP (NP some )NP (PP of (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP have (VP been (VP *UNKING (PP from (NP the practice )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP (PP against (NP it )NP )PP )VP )VP . )S  STOP
(S (NP (NP Peter *UNKC )NP , (NP (NP head )NP (PP of (NP retail equity trading )NP )PP (PP at (NP Shearson Lehman Hutton )NP )PP )NP , )NP (VP acknowledges (SBAR that (S (NP he )NP (VP was n't (VP troubled (PP by (NP program trading )NP )PP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP began (PP in (NP the *UNK- *UNK market )NP )PP )VP )S )SBAR (SBAR because (S (S (NP it )NP (VP added (NP liquidity )NP )VP )S and (S (NP people )NP (VP were (VP pleased (S (VP to (VP see (S (NP stock prices )NP (VP rising )VP )S )VP )VP )S )VP )VP )S )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP We )NP (VP were n't (ADJP as concerned )ADJP (SBAR until (S (NP they )NP (VP became (NP sell programs )NP )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (ADVP now )ADVP (VP thinks (SBAR (S (NP it )NP (VP adds (NP unnecessary volatility )NP )VP )S )SBAR )VP )S )SBAR )NP . )S  STOP
(S (NP Shearson Lehman )NP , (ADVP however )ADVP , (VP *UNK (NP program trades )NP (PP for (NP clients )NP )PP )VP . )S  STOP
(S (NP (NP (NP Merrill Lynch )NP , (NP Goldman Sachs )NP and (NP Kidder Peabody )NP )NP , (PP in (NP (NP addition )NP (PP to (NP Shearson )NP )PP )NP )PP , )NP (VP do (NP *UNK- OTC stocks )NP )VP . )S  STOP
(S (NP (NP Shearson )NP , (NP Merrill Lynch )NP and (NP Goldman Sachs )NP )NP (VP say (SBAR (S (NP they )NP (VP do (ADVP so )ADVP (PP (ADVP only )ADVP for (NP customers )NP )PP )VP )S )SBAR , (ADVP however )ADVP )VP . )S  STOP
(S (NP Kidder Peabody )NP (VP does (NP program trading )NP (PP for (NP (NP its own )NP (CONJP as well as )CONJP (NP (NP clients ' )NP )NP (NX accounts )NX )NP )PP )VP . )S  STOP
(S (S (PP Of (NP course )NP )PP , (NP there )NP (VP were (NP sell programs )NP (PP in (NP past years )NP )PP , (ADVP too )ADVP )VP )S , but (S (NP they )NP (VP seem (S (VP to (VP hurt (NP market makers )NP (ADVP more *UNKLY )ADVP )VP )VP )S (NP these days )NP )VP )S . )S  STOP
(S (NP That )NP (VP 's (PP (ADVP largely )ADVP because of (NP (NP defensive measures )NP (SBAR (S (NP they )NP (VP adopted (PP after (NP (NP the 1987 crash )NP , (SBAR (WHADVP when )WHADVP (S (S (NP individual investors )NP (VP fled (NP the market )NP )VP )S and (S (NP trading activity )NP (VP *UNKED )VP )S )S )SBAR )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Market makers )NP , (S (VP to (VP cut (NP costs )NP )VP )VP )S , (VP slashed (NP (NP inventories )NP (PP of (NP (NP stocks )NP (SBAR (S (NP they )NP (VP keep (S (PP on (NP hand )NP )PP )S )VP )S )SBAR (SBAR (S (VP to (VP sell (NP investors )NP (SBAR (WHADVP when )WHADVP (S (NP other holders )NP (VP are n't (VP selling )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S And (S (VP to (VP protect (NP their reduced capital investment )NP (PP from (S (VP *UNKING (ADVP further )ADVP )VP )S )PP )VP )VP )S , (NP market makers )NP (VP became (ADJP *UNK (S (VP to (VP lower (NP price quotes )NP (SBAR (WHADVP when )WHADVP (S (NP sell programs )NP (VP are (PP in (NP progress )NP )PP )VP )S )SBAR )VP )VP )S )ADJP )VP . )S  STOP
(S (PP On (NP (NP days )NP (SBAR (WHADVP when )WHADVP (S (NP prices )NP (VP are (VP *UNKING )VP )VP )S )SBAR )NP )PP , (NP they )NP (VP must (VP be (ADJP willing (S (VP to (VP buy (NP shares )NP (PP from (NP sellers )NP )PP (SBAR (WHADVP when )WHADVP (S (NP no one else )NP (VP will )VP )S )SBAR )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (PP In (NP such an environment )NP )PP , (NP market makers )NP (VP can (VP suffer (NP (NP huge losses )NP (PP both (PP on (NP (NP trades )NP (VP made (NP that day )NP (PP at (NP (ADJP steadily dropping )ADJP prices )NP )PP )VP )NP )PP and (PP in (NP (NP the value )NP (PP of (NP (NP their inventories )NP (PP of (NP shares )NP )PP )NP )PP )NP )PP )PP )NP )VP )VP . )S  STOP
(SINV `` (S (NP (NP It )NP )NP (VP makes (NP no sense )NP (SBAR for (S (NP us )NP (VP to (VP put (NP money )NP (PP at (NP risk )NP )PP (SBAR (WHADVP when )WHADVP (S (NP you )NP (VP know (SBAR (S (NP you )NP (VP 're (VP going (S (VP to (VP lose )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )VP )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP Mr. *UNKC )NP , (PP of (NP Donaldson Lufkin )NP )PP )NP . )SINV  STOP
(S But (NP this *UNK )NP (PRN , (S (NP Mr. *UNKC )NP (VP says )VP )S , )PRN (VP is (VP creating (NP (NP liquidity problems )NP (PP in (NP certain OTC stocks )NP )PP )NP )VP )VP . )S  STOP
(S `` (NP (NP It )NP )NP (VP 's (ADJP harder )ADJP (S (VP to (VP sell (NP stocks )NP (SBAR (WHADVP when )WHADVP (S (NP the sell programs )NP (VP come (ADVP in )ADVP )VP )S )SBAR )VP )VP )S (SBAR because (S (NP some market makers )NP (VP do n't (VP want (S (VP to -LCB- (VP take (NP the orders )NP )VP -RCB- )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP No one )NP (VP has (NP big positions )NP )VP )S and (S (NP no one )NP (VP wants (S (VP to (VP take (NP big risks )NP )VP )VP )S )VP )S . '' )S  STOP
(S (NP (NP Joseph *UNKC )NP , (NP (NP president )NP (PP of (NP (NP the National Association )NP (PP of (NP Securities Dealers )NP )PP , (SBAR (WHNP which )WHNP (S (VP oversees (NP (NP trading )NP (PP on (NP Nasdaq )NP )PP )NP )VP )S )SBAR )NP )PP )NP , )NP (VP agrees (SBAR that (S (NP program trading )NP (VP is (VP hurting (NP (NP the market 's )NP efforts (S (VP to (VP bring (ADVP back )ADVP (NP small investors )NP )VP )VP )S )NP )VP )VP )S )SBAR )VP . )S  STOP
(S But (PRN , (S (NP he )NP (VP *UNK )VP )S , )PRN (SBAR while (S (NP makers )NP (VP suffer (NP losses )NP (SBAR (WHADVP when )WHADVP (S (NP program trading )NP (VP *UNK (NP the market )NP (PRT down )PRT )VP )S )SBAR )VP )S )SBAR , (NP they )NP (ADVP also )ADVP (VP make (NP money )NP (SBAR (WHADVP when )WHADVP (S (NP program trading )NP (VP *UNK (NP the prices )NP (ADVP higher )ADVP )VP )S )SBAR )VP . )S  STOP
(S `` (S (ADVP Sometimes )ADVP -LCB- (NP traders )NP -RCB- (VP lose (NP *UNK )NP (PP of (NP that )NP )PP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP (NP The OTC stocks )NP (PP in (NP the S&P 500 )NP )PP )NP (VP include (NP (NP (NP Nasdaq 's )NP biggest )NP , (PP such as (NP (NP Apple Computer )NP , (NP MCI Communications )NP , (NP Tele-Communications )NP and (NP *UNKC *UNKC )NP )NP )PP )NP )VP . )S  STOP
(S (NP These big stocks )NP (VP (ADVP greatly )ADVP influence (NP the Nasdaq Composite Index )NP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP the computers )NP (VP say `` (S (VP sell )VP )S )VP )S )SBAR , '' (NP (NP the composite )NP )NP (VP *UNK (PP as (ADVP (ADVP well )ADVP (PP as (NP the Dow Jones Industrial Average )NP )PP )ADVP )PP )VP . )S  STOP
(S (NP The problem )NP (PRN , (S (NP market makers )NP (VP say )VP )S , )PRN (VP is (SBAR that (S (SBAR while (S (NP (NP the industrial average )NP and (NP the S&P 500 )NP )NP (ADVP usually )ADVP (VP recover (SBAR as (S (NP buy programs )NP (VP *UNK (PRT in )PRT )VP )S )SBAR )VP )S )SBAR , (NP the Nasdaq Composite )NP (ADVP frequently )ADVP (VP is (VP left (ADVP behind )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP (NP *UNKC trading days )NP after (NP Oct. 12 )NP )PP , (NP (NP the day )NP (PP before (NP the stock market plunge )NP )PP )NP (PRN , (PP for (NP instance )NP )PP , )PRN (NP the Nasdaq Composite )NP (VP had (VP fallen (NP 4.3 % )NP , (PP compared (PP with (NP (NP (NP 3.3 % )NP (PP for (NP the S&P 500 )NP )PP )NP , (NP (NP 3.5 % )NP (PP for (NP the New York Stock Exchange Composite Index )NP )PP )NP and (NP (NP 3.6 % )NP (PP for (NP the industrial average )NP )PP )NP )NP )PP )PP )VP )VP . )S  STOP
(S (NP This gap )NP (ADVP eventually )ADVP (VP *UNK (PRN , but (ADVP slowly )ADVP )PRN )VP . )S  STOP
(S (ADVP (NP Three days )NP later )ADVP , (PP as (PP of (NP (NP Friday 's )NP close )NP )PP )PP , (NP the Nasdaq Composite )NP (VP was (ADVP down (NP 6 % )NP )ADVP , (PP compared (PP with (NP (NP (NP 5.9 % )NP (PP for (NP the industrial average )NP )PP )NP , (NP (NP *UNKN % )NP (PP for (NP the S&P 500 )NP )PP )NP and (NP (NP 5.8 % )NP (PP for (NP the Big Board Composite )NP )PP )NP )NP )PP )PP )VP . )S  STOP
(S (NP (NP The main reason )NP (PP for (NP this lag )NP )PP )NP (VP is (SBAR that (S (NP individual investors )NP (VP own (NP (NP 65 % )NP (PP of (NP (NP the OTC market 's )NP capitalization )NP )PP )NP , (PP according (PP to (NP Mr. *UNKC )NP )PP )PP , (NP (NP much more )NP (PP than (PP on (NP the Big Board )NP )PP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Such investors )NP (VP tend (S (VP to (VP be (ADJP (ADJP more cautious )ADJP (SBAR than (S (NP institutional investors )NP (VP are )VP )S )SBAR (PP about (S (VP *UNKING (NP the market )NP (PP after (NP massive *UNK )NP )PP )VP )S )PP )ADJP )VP )VP )S )VP )S , (NP market makers )NP (VP say )VP . )S  STOP
(NP (NP Friday 's )NP Market *UNKC )NP  STOP
(S (NP The Nasdaq Composite Index )NP (VP tumbled (NP (NP *UNKN )NP , or (NP 1.2 % )NP )NP (PP to (NP *UNKN )NP )PP (PP on (NP Friday )NP )PP )VP . )S  STOP
(S (PP For (NP the week )NP )PP , (NP the index )NP (VP dropped (NP 3.8 % )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP in (NP big technology stocks )NP )PP )NP (VP hurt (NP (NP the composite )NP (CONJP as well as )CONJP (NP (NP the Nasdaq 100 Index )NP , (SBAR (WHNP which )WHNP (S (VP fell (NP (NP 1.4 % )NP , or (NP *UNKN )NP , )NP (PP on (NP Friday )NP )PP , (PP to (NP *UNKN )NP )PP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (NP The Nasdaq Financial Index )NP (VP lost (NP (NP (QP about 1 )QP % )NP , or (NP *UNKN )NP , )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP (NP Friday 's )NP trading volume )NP (VP totaled (NP (QP *UNKN million )QP shares )NP )VP . )S  STOP
(S (NP (NP The average daily share turnover )NP (PP for (NP October )NP )PP )NP (VP is (NP (QP almost *UNKN million )QP shares )NP )VP . )S  STOP
(S (S (NP LIN Broadcasting )NP (VP surged (NP 4 5\/8 )NP (PP to (NP *UNKN 5\/8 )NP )PP )VP )S ; (S (NP LIN and BellSouth )NP (VP sweetened (NP their merger agreement )NP (PP in (NP an attempt (S (VP to (VP keep (NP shareholders )NP (PP from (S (VP *UNKING (NP their shares )NP (PP to (NP McCaw *UNKC Communications )NP )PP )VP )S )PP )VP )VP )S )NP )PP )VP )S . )S  STOP
(S (NP (NP McCaw )NP , (SBAR (WHNP which )WHNP (S (VP dropped (NP 2 1\/2 )NP (PP to (NP 37 3\/4 )NP )PP )VP )S )SBAR , )NP (VP has (VP offered (NP (NP $ 125 )NP (NP a share )NP )NP (PP for (NP (NP a majority )NP (PP of (NP (NP LIN 's )NP shares )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The revised *UNKC agreement )NP (VP *UNK (NP (NP the dollar amount )NP (PP of (NP (NP the special dividend )NP (SBAR (S (NP LIN )NP (VP promises (S (VP to (VP pay (NP shareholders )NP )VP )VP )S )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP LIN )NP (ADVP now )ADVP (VP plans (S (VP to (VP *UNK (PRT out )PRT (NP (NP (NP $ 42 )NP (NP a share )NP )NP )NP (PP in (NP cash )NP )PP , (ADVP up (PP from (NP the earlier (ADJP $ 20 )ADJP amount )NP )PP )ADVP )VP )VP )S )VP . )S  STOP
(S (NP Intel )NP (VP eased (NP 1\/8 )NP (PP to (NP 31 7\/8 )NP )PP )VP . )S  STOP
(S (NP The semiconductor concern )NP (VP said (SBAR (S (NP (NP the *UNK )NP (PP in (NP (NP *UNK )NP (PP of (NP its *UNKN computer chip )NP )PP )NP )PP )NP (VP will (VP (VP be (ADJP brief )ADJP )VP and (VP have (NP (NP little impact )NP (PP on (NP (NP the company 's )NP earnings )NP )PP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The stock )NP (VP fell (NP 7\/8 )NP (NP Thursday )NP (PP amid (NP (NP concerns )NP (PP over (NP (NP problems )NP (VP discovered (PP with (NP the chip )NP )PP )VP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Intel )NP (VP told (NP analysts )NP (SBAR that (S (NP the company )NP (VP will (VP resume (NP (NP shipments )NP (PP of (NP the chips )NP )PP )NP (PP within (NP (QP two to three )QP weeks )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Weisfield 's )NP (VP *UNKED (NP 9 1\/2 )NP (PP to (NP 39 )NP )PP (SBAR after (S (NP the jewelry store operator )NP (VP said (SBAR (S (NP it )NP (VP is (PP in (NP (NP preliminary discussions )NP , (PP with (NP (NP a party )NP (SBAR (S (NP it )NP (VP would n't (VP identify )VP )VP )S )SBAR )NP )PP , (PP regarding (NP (NP the possible acquisition )NP (PP of (NP the company )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Savings Bank )NP (VP rose (NP 3 )NP (PP to (NP 20 )NP )PP (SBAR after (S (NP the Federal Deposit Insurance Corp. )NP (VP approved (NP (NP (NP (NP *UNKC Savings Bank )NP (PP of (NP New York )NP )PP 's )NP (ADJP $ *UNK- )ADJP acquisition )NP (PP of (NP *UNKC )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Medical )NP (VP fell (NP 4 )NP (PP to (NP 15 )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP its third-quarter earnings )NP (VP will (ADVP probably )ADVP (VP be (ADJP (ADJP lower )ADJP (PP than (NP (NP (NP the 16 cents )NP (NP a share )NP )NP (SBAR (S (NP it )NP (VP reported (NP last year )NP )VP )S )SBAR )NP )PP )ADJP , (PP despite (NP (NP a rise )NP (PP in (NP (NP the company 's )NP revenue )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP earned (NP $ *UNKN )NP (PP on (NP (NP revenue )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP (PP in (NP the 1988 quarter )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP blamed (NP (NP a number )NP (PP of (NP factors )NP )PP )NP (PP for (NP the earnings decline )NP )PP , (PP including (NP (NP *UNK sales )NP (PP of (NP *UNK- )NP )PP )NP )PP )VP . )S  STOP
(S (NP London share prices )NP (VP closed (ADJP sharply lower )ADJP (NP Friday )NP (PP in (NP active trading )NP )PP (SBAR after (S (NP (NP (NAC Chancellor (PP of (NP the Exchequer )NP )PP )NAC Nigel Lawson 's )NP resignation )NP (VP *UNKED (NP the market )NP )VP )S and (S (NP (NP Wall Street 's )NP rapid initial sell-off )NP (VP knocked (NP it )NP (PRT down )PRT )VP )S )SBAR )VP . )S  STOP
(S (NP London shares )NP (VP were (VP depressed (ADVP initially )ADVP (PP (PP by (NP (NP overnight losses )NP (PP in (NP New York )NP )PP )NP )PP and (PP by (NP (NP the drop )NP (PP in (NP sterling )NP )PP (PP after (NP (NP Mr. Lawson 's )NP resignation )NP )PP )NP )PP )PP )VP )VP . )S  STOP
(S (S (NP It )NP (VP showed (NP some early *UNK )NP (SBAR after (S (NP central bank support )NP (VP *UNKED (NP sterling )NP )VP )S )SBAR )VP )S , but (S (NP (NP (NP the weight )NP (PP of (NP Wall Street )NP )PP (ADVP late (PP in (NP London trading )NP )PP )ADVP )NP , and (NP (NP signs )NP (PP of (NP (NP further weakness )NP (PP in (NP the British pound )NP )PP )NP )PP )NP , )NP (VP proved (NP (NP a hefty load )NP (SBAR (S (VP to (VP bear )VP )VP )S )SBAR )NP )VP )S . )S  STOP
(S (NP New York stocks )NP (VP recovered (NP (NP some )NP (PP of (NP their losses )NP )PP )NP (SBAR after (S (NP the London market )NP (VP closed )VP )S )SBAR )VP . )S  STOP
(S (NP The Financial Times 100-share index )NP (VP shed (NP *UNKN points )NP (S (VP to (VP close (PP at (NP *UNKN )NP )PP , (ADVP (ADVP down (NP 4.5 % )NP (PP from (NP the previous Friday )NP )PP )ADVP and (ADVP (NP *UNKN % )NP (PP from (NP (NP Oct. 13 )NP , (SBAR (WHADVP when )WHADVP (S (NP (NP Wall Street 's )NP plunge )NP (VP helped (VP spark (NP (NP the current weakness )NP (PP in (NP London )NP )PP )NP )VP )VP )S )SBAR )NP )PP )ADVP )ADVP )VP )VP )S )VP . )S  STOP
(S (NP The *UNK- index )NP (VP settled (ADJP (NP *UNKN points )NP lower )ADJP (PP at (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP Volume )NP (VP was (NP (NP (NP (QP *UNKN million )QP shares )NP , (ADVP up (PP from (NP (QP *UNKN million )QP )NP (NP Thursday )NP )PP )ADVP )NP and (NP (NP the week 's )NP most active session )NP )NP )VP . )S  STOP
(S (NP Dealers )NP (VP said (SBAR (S (NP (NP the turnover )NP , (VP (ADVP largely )ADVP *UNKED (PP to (NP the 100-share index stocks )NP )PP )VP , )NP (VP (ADVP partly )ADVP reflected (NP (NP the *UNK )NP (PP of (NP activity )NP )PP (ADJP typical (PP at (NP (NP (NP the close )NP (PP of (NP a *UNK- trading account )NP )PP )NP and (NP (NP the start )NP (PP of (NP a new account )NP )PP )NP )NP )PP )ADJP )NP )VP )S )SBAR )VP . )S  STOP
(S But (NP they )NP (VP said (SBAR (S (NP (NP (NP Friday 's )NP focus )NP (PP on (NP the *UNK- stocks )NP )PP )NP (VP (VP *UNKED (NP active overseas selling )NP )VP and (VP showed (NP (NP the *UNKED fears )NP (PP over (NP (NP the status )NP (PP of (NP (NP the U.K. economy )NP and (NP (NP Britain 's )NP currency )NP )NP )PP (PP in (NP (NP the wake )NP (PP of (NP (NP the *UNK )NP (PP in (NP (NP Prime Minister Margaret Thatcher 's )NP cabinet )NP )PP )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A senior dealer )NP (PP with (NP *UNKC Securities )NP )PP )NP (VP noted (SBAR (S (NP (NP British Gas )NP , (NP (NP the (ADJP most active )ADJP blue-chip stock )NP (PP at (NP (NP (QP 20 million )QP shares )NP (VP traded )VP )NP )PP )NP , )NP (VP was (VP affected (PP by (NP (NP the political implications )NP (PP of (NP (NP (NP Mr. Lawson 's )NP departure )NP and (NP (NP Mrs. Thatcher 's )NP cabinet *UNK )NP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP attributed (NP the (ADJP unusually high )ADJP volume )NP (PP to (NP (NP *UNKED selling )NP (PP on (NP fears (SBAR that (S (S (NP the Thatcher government )NP (VP may (VP be (PP in (NP turmoil )NP )PP )VP )VP )S and (S (NP (NP Britain 's )NP Labor Party )NP (VP positioned (S (VP to (VP (VP regain (NP (NP control )NP (PP of (NP the government )NP )PP )NP )VP and (VP *UNK (NP (NP efforts )NP (PP at (NP *UNK )NP )PP )NP )VP )VP )VP )S )VP )S )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP British Gas )NP (VP shed (NP (NP 8.5 pence )NP (NP a share )NP )NP (S (VP to (VP close (PP at (NP (NP *UNKN pence )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Other dealers )NP (VP added (SBAR that (S (NP the blue-chip stocks )NP (PP in (ADJP general )ADJP )PP (VP were (VP hit (PP by (NP (NP *UNKING )NP (PP over (NP (NP concerns (SBAR that (S (NP London shares )NP (VP will (VP continue (S (VP posting (NP declines )NP )VP )S )VP )VP )S )SBAR )NP and (NP (NP the uncertainty )NP (PP over (NP sterling )NP )PP (PP given (SBAR that (S (NP (NP (NP Mr. Lawson 's )NP successor )NP , (NP John Major )NP , )NP (VP had (ADVP only )ADVP (VP been (PP in (NP the job )NP )PP (NP one day )NP )VP )VP )S )SBAR )PP )NP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Besides (NP British Gas )NP )PP , (NP British Steel )NP (VP *UNKED (NP *UNKN )NP (PP to (NP *UNKN )NP )PP (PP on (NP (NP turnover )NP (PP of (NP (QP 11 million )QP shares )NP )PP )NP )PP )VP . )S  STOP
(S (NP British Petroleum )NP (VP fell (NP 5 )NP (PP to (NP *UNKN )NP )PP (PP on (NP (NP (QP 14 million )QP shares )NP (VP traded )VP )NP )PP )VP . )S  STOP
(S (NP Dealers )NP (VP said (SBAR (S (NP the *UNK oil company )NP (VP was (VP pressured (PP by (NP (NP recent brokerage recommendations )NP (VP urging (NP investors )NP (S (VP to (VP switch (PP into (NP Shell Trading & *UNKC )NP )PP )VP )VP )S )VP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Shell )NP (VP eased (NP 1 )NP (PP to (NP *UNKN )NP )PP (PP on (NP (NP turnover )NP (PP of (NP (QP 4.8 million )QP shares )NP )PP )NP )PP )VP . )S  STOP
(S (PP Among (NP the other actively traded blue-chip issues )NP )PP , (S (NP Imperial Chemical Industries )NP (VP dropped (NP 11 )NP (PP to (NP # *UNKN )NP )PP )VP )S , (S (NP *UNKC )NP (VP *UNKED (NP 9.5 )NP (PP to (NP *UNKN )NP )PP )VP )S , and (S (NP British *UNKC )NP (VP fell (NP 10 )NP (PP to (NP 250 )NP )PP )VP )S . )S  STOP
(S (PP In (NP Tokyo )NP )PP , (NP stocks )NP (VP closed (UCP (ADJP lower )ADJP but (ADVP above (NP *UNK lows )NP )ADVP )UCP (PP in (NP active trading )NP )PP )VP . )S  STOP
(S (NP The Nikkei index )NP (VP (VP was (VP pressured (ADVP down )ADVP (PP by (NP (NP *UNKING )NP (VP triggered (PP by (NP (NP sharp advances )NP (VP made (PP through (NP this week )NP )PP )VP )NP )PP )VP )NP )PP )VP )VP and (VP fell (NP *UNKN points )NP (PP to (NP *UNKN )NP )PP )VP )VP . )S  STOP
(S (PP In (NP early trading )NP )PP (PP in (NP Tokyo )NP )PP (NP Monday )NP , (NP the Nikkei index )NP (VP fell (NP *UNKN points )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (PP On (NP Friday )NP )PP , (NP (NP the Tokyo stock price index )NP (PP of (NP first section issues )NP )PP )NP (VP was (ADVP down (NP *UNKN )NP )ADVP (PP at (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP *UNKC volume )NP (VP was (VP estimated (PP at (NP (NP (QP 1.3 billion )QP shares )NP , (ADVP up (PP from (NP (QP *UNKN million )QP shares )NP (NP Thursday )NP )PP )ADVP )NP )PP )VP )VP . )S  STOP
(S (NP (NP An official )NP (PP at (NP *UNKC Securities )NP )PP )NP (VP said (SBAR (S (NP (NP (NP *UNK ' )NP excessive expectations )NP (PP about (NP (NP recent advances )NP (PP in (NP (NP Tokyu Group shares )NP and (NP real estate issues )NP )NP )PP )NP )PP )NP (VP were (VP *UNKED (NP Friday )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Dealers )NP (VP placed (NP heavy buy orders )NP (PP in (NP the morning )NP )PP (S (VP to (VP start (NP (NP the first trading day )NP (PP for (NP November transactions )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (S But (NP they )NP (VP failed (S (VP to (VP sell (NP these stocks )NP (PP to (NP (NP client investors )NP , (SBAR (WHNP who )WHNP (S (VP were (ADJP cautious (PP about (NP (NP the sharp gains )NP (SBAR (S (NP these issues )NP (VP made (NP this week )NP )VP )S )SBAR )NP )PP )ADJP )VP )S )SBAR )NP )PP )VP )VP )S )VP )S , (NP the *UNKC official )NP (VP said )VP . )S  STOP
(S (NP Fund managers )NP (VP said (SBAR (S (NP (NP Friday 's )NP *UNKING )NP (VP was (NP (NP a natural result )NP (PP of (NP (NP (NP the week 's )NP `` *UNK *UNK '' )NP (PP in (S (VP buying (NP (NP real estate )NP , (NP *UNKING )NP , (NP steel )NP and (NP construction shares )NP )NP )VP )S )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Frankfurt prices )NP (VP closed (ADJP lower )ADJP (ADVP again )ADVP (NP Friday )NP , (NP (NP (NP the fourth decline )NP (PP in (NP the past five days )NP )PP )NP and (NP (NP the *UNK )NP (PP of (NP (NP a week )NP (SBAR (WHNP that )WHNP (S (VP saw (S (NP the *UNKC index )NP (VP lose (NP 4 % )NP )VP )S )VP )S )SBAR )NP )PP )NP )NP )VP . )S  STOP
(S (NP The *UNKC )NP (VP dropped (NP *UNKN points )NP (NP Friday )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP Traders )NP (VP said (SBAR (S (NP (NP the continued *UNK )NP (PP in (NP other markets )NP )PP , (VP *UNKED (PP with (NP (NP the drop )NP (PP in (NP London )NP )PP (PP following (NP the Lawson resignation )NP )PP )NP )PP )VP , )NP (VP were (ADJP responsible )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP Traders )NP (VP said (SBAR (SBAR that (S (NP selling pressure )NP (VP was n't (ADJP enormous )ADJP )VP )S )SBAR and (SBAR that (S (NP the *UNKC )NP (VP dropped (NP Friday )NP (PP (ADVP more )ADVP on (NP (NP a lack )NP (PP of (NP any substantial buying interest )NP )PP )NP )PP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP They )NP (VP said (SBAR (SINV (VP contributing (PP to (NP the downward *UNK )NP )PP )VP (VP was )VP (NP the fact (SBAR that (S (NP many professional traders )NP (VP had (VP chosen (S (VP to (VP square (NP positions )NP (ADVP ahead (PP of (NP the weekend )NP )PP )ADVP )VP )VP )S )VP )VP )S )SBAR )NP )SINV )SBAR )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's (NP (NP the whole uncertainty )NP (PP about (SBAR (WHNP what )WHNP (S (VP 's (VP happening (PP around (NP us )NP )PP )VP )VP )S )SBAR )PP )NP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC *UNKC )NP , (NP (NP a trader )NP (PP at (NP (NP Credit Suisse First Boston )NP (PP in (NP Frankfurt )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (SBAR If (S (NP you )NP (VP take (ADVP away )ADVP (NP the outside *UNK )NP )VP )S )SBAR , (NP (NP the market )NP (NP itself )NP )NP (VP looks (ADJP very cheap )ADJP )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (VP 's (VP happening (ADVP here )ADVP )VP )VP )S )SBAR (VP is n't (VP justified (PP by (NP the fundamentals )NP )PP )VP )VP . '' )S  STOP
(S (NP Traders )NP (VP said (SBAR (S (NP the market )NP (VP remains (ADJP extremely nervous )ADJP (PP because of (NP (NP the wild swings )NP (VP seen (PP on (NP the New York Stock Exchange )NP )PP (NP last week )NP )VP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP 's (VP (VP leaving (NP small investors )NP (PP with (NP cold feet )NP )PP )VP (PRN , (S (NP they )NP (VP said )VP )S , )PRN and (VP prompting (S (NP institutions )NP (VP to (VP take (NP (NP a *UNKED stance )NP (PP on (NP the sidelines )NP )PP )NP (ADVP as well )ADVP , (SBAR (ADVP at least )ADVP until (S (NP (NP the market )NP (PP in (NP New York )NP )PP )NP (VP *UNK (PRT down )PRT (ADVP somewhat )ADVP )VP )S )SBAR )VP )VP )S )VP )VP )VP . )S  STOP
(S (ADVP Elsewhere )ADVP , (NP share prices )NP (VP (VP closed (ADJP lower )ADJP (PP in (NP Paris , Zurich , Amsterdam , Brussels and Stockholm )NP )PP )VP , and (VP were (ADJP mixed )ADJP (PP in (NP Milan )NP )PP )VP )VP . )S  STOP
(S (NP The British *UNK )NP (VP was (VP (ADVP widely )ADVP cited (PP for (NP the declines )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC prices )NP (ADVP also )ADVP (VP closed (ADJP lower )ADJP (PP in (NP (NP Sydney )NP , (NP Hong Kong )NP , (NP Singapore )NP , (NP Taipei )NP , (NP Manila )NP , (NP Wellington )NP and (NP Seoul )NP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP about (NP (NP declines )NP (PP in (NP (NP other markets )NP , (ADVP especially )ADVP (NP New York )NP , )NP )PP )NP )PP )NP (VP caused (NP selling pressure )NP )VP . )S  STOP
(SINV (ADVP Here )ADVP (VP are )VP (NP (NP price trends )NP (PP on (NP (NP the world 's )NP major stock markets )NP )PP , (SBAR as (S (VP calculated (PP by (NP (NP Morgan Stanley Capital International Perspective )NP , (NP Geneva )NP )NP )PP )VP )S )SBAR )NP . )SINV  STOP
(S (S (VP To (VP make (S (NP them )NP (ADJP directly comparable )ADJP )S )VP )VP )S , (NP each index )NP (VP is (VP based (PP on (S (NP (NP the close )NP (PP of (NP 1969 )NP )PP )NP (VP equaling (NP 100 )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP The percentage change )NP (VP is (PP since (NP year-end )NP )PP )VP . )S  STOP
(NP (NP (NP Last week 's )NP (ADJP (ADVP best and worst )ADVP performing )ADJP stocks )NP (PP among (NP (NP those issues )NP (SBAR (WHNP that )WHNP (S (VP make (PRT up )PRT (NP (NP 80 % )NP (PP of (NP (NP the world 's )NP stock market capitalization )NP )PP )NP (PRN -LRB- (PP in (NP local currency )NP )PP -RRB- )PRN )VP )S )SBAR )NP )PP )NP  STOP
(NP (NP Source )NP : (NP Morgan Stanley Capital *UNKC )NP . )NP  STOP
(S (NP *UNKC *UNKC )NP (VP *UNKC (NP a massive *UNK- rally )NP (PP in (NP South Africa )NP )PP )VP . )S  STOP
(S (NP (QP More than *UNKN )QP people )NP (VP (VP filled (NP (NP a *UNK stadium )NP (PP on (NP (NP the *UNK )NP (PP of (NP (NP the black *UNK )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP )PP )NP )VP and (VP *UNKED (NP (NP *UNKED leaders )NP (PP of (NP the *UNKED African National Congress )NP )PP )NP )VP )VP . )S  STOP
(S (NP It )NP (VP was (VP considered (S (NP (NP South Africa 's )NP largest opposition rally )NP )S )VP )VP . )S  STOP
(S (NP (NP Walter Sisulu )NP , (NP (NP (NP the ANC 's )NP former secretary general )NP (SBAR (WHNP who )WHNP (S (VP served (NP 26 years )NP (PP in (NP prison )NP )PP (PP before (S (VP being (VP released (ADVP (NP two weeks )NP ago )ADVP )VP )VP )S )PP )VP )S )SBAR )NP , )NP (VP urged (NP peace , *UNK and discipline )NP )VP . )S  STOP
(S (S (NP (NP President de *UNKC 's )NP government )NP (VP permitted (NP the rally )NP )VP )S , and (S (NP security forces )NP (VP did n't (VP interfere )VP )VP )S . )S  STOP
(S (NP (NP (NP (NP *UNKC 's )NP approval )NP (PP of (NP the demonstration )NP )PP )NP and (NP (NP the ANC 's )NP *UNK tone )NP )NP (VP appeared (S (VP aimed (PP at (S (VP setting (PRT up )PRT (NP (NP negotiations )NP (SBAR (S (VP to (VP give (NP blacks )NP (NP political rights )NP )VP )VP )S )SBAR )NP )VP )S )PP )VP )S )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP *UNKC (NP (NP (NP Bush 's )NP criticism )NP (PP of (NP (NP Nicaragua 's )NP Ortega )NP )PP )NP )VP . )S  STOP
(S (SBAR While (S (NP lawmakers )NP (VP have n't (VP raised (NP (NP the possibility )NP (PP of (S (VP renewing (NP (NP military aid )NP (PP to (NP the Contras )NP )PP )NP (PP following (NP (NP Ortega 's )NP weekend threat (S (VP to (VP end (NP a *UNK )NP )VP )VP )S )NP )PP )VP )S )PP )NP )VP )VP )S )SBAR , (NP Senate Majority Leader Mitchell )NP (VP said (PP on (NP *UNKC )NP )PP (SBAR that (S (NP Ortega )NP (VP had (VP made `` (NP a (ADJP very *UNK )ADJP move )NP )VP )VP )S )SBAR )VP . )S  STOP
(S '' (NP *UNKC Leader Dole )NP (VP plans (S (VP to (VP offer (NP a resolution )NP (NP tomorrow )NP (S (VP *UNKING (NP (NP the Nicaraguan president )NP , (SBAR (WHNP whose remarks )WHNP (S (VP came (PP during (NP (NP a *UNK )NP (PP in (NP Costa Rica )NP )PP (VP marking (NP (NP regional moves )NP (PP to (NP democracy )NP )PP )NP )VP )NP )PP )VP )S )SBAR )NP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP Ortega )NP (VP cited (NP (NP renewed attacks )NP (PP by (NP the *UNKED rebels )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP must (VP decide (NP next month )NP (SBAR whether (S (NP the Contras )NP (VP will (VP get (NP so-called *UNK aid )NP (PP under (NP (NP a bipartisan agreement )NP (VP reached (PP in (NP March )NP )PP )VP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Spain 's )NP Socialist Party )NP (VP claimed (NP (NP victory )NP (PP in (NP nationwide elections )NP )PP )NP , (S (VP saying (SBAR (S (NP it )NP (VP had (VP retained (NP its parliamentary majority )NP (PP by (NP one seat )NP )PP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (SBAR With (S (NP all the votes )NP (VP counted )VP )S )SBAR , (NP a government spokesman )NP (VP said (SBAR (S (NP (NP Prime Minister Gonzalez 's )NP party )NP (VP won (NP *UNKN seats )NP (PP in (NP (NP the *UNK- *UNKC )NP , or (NP (NP lower house )NP (PP of (NP *UNK )NP )PP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNKC )NP (VP held (NP *UNKN seats )NP (PP going (PP into (NP the *UNKING )NP )PP )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP East Germans )NP )PP )NP (VP (VP attended (NP (NP public rallies )NP (VP organized (PP by (NP the Communist leadership )NP )PP )VP )NP )VP and (VP demanded (NP (NP free speech )NP , (NP (NP controls )NP (PP on (NP the security forces )NP )PP )NP and (NP (NP an end )NP (PP to (NP official *UNK )NP )PP )NP )NP )VP )VP . )S  STOP
(S (NP (NP The *UNK )NP (UCP (PP in (NP East Berlin )NP )PP and (ADVP elsewhere )ADVP )UCP )NP (VP were (VP viewed (PP as (NP (NP part )NP (PP of (NP a government effort (S (VP to (VP stop (NP activists )NP (PP from (S (VP *UNKING (NP protests )NP (S (VP to (VP press (NP their demands )NP )VP )VP )S )VP )S )PP )VP )VP )S )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP in (NP *UNKC )NP )PP )NP (VP said (SBAR (S (NP (NP the nation 's )NP *UNK- movement )NP (VP was (VP growing (PP despite (NP (NP the government 's )NP move (S (VP to (VP crush (NP (NP a protest )NP )NP (NP Saturday )NP (PP in (NP (NP *UNKC 's )NP *UNKC Square )NP )PP )VP )VP )S )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (QP More than 10,000 )QP demonstrators )NP (VP had (VP called (PP for (NP (NP free elections )NP and (NP (NP the resignation )NP (PP of (NP Communist Party leader *UNKC *UNKC )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP *UNKED (NP (QP more than 350 )QP people )NP )VP . )S  STOP
(S (NP Federal investigators )NP (VP have (VP determined (SBAR (S (NP (NP a *UNK *UNK )NP (SBAR (WHNP that )WHNP (S (VP developed (PP during (NP (NP the making )NP (PP of (NP an engine disk )NP )PP )NP )PP )VP )S )SBAR )NP (VP led (PP to (NP (NP the July crash )NP (PP of (NP a United Airlines *UNK )NP )PP (PP in (NP (NP *UNKC City )NP , (NP Iowa )NP )NP )PP )NP )PP , (S (VP killing (NP *UNKN people )NP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Congress )NP (VP sent (PP to (NP Bush )NP )PP (NP (NP an (ADJP (QP $ 8.5 billion )QP )ADJP military construction bill )NP (SBAR (WHNP that )WHNP (S (VP cuts (NP (NP spending )NP (PP for (NP new *UNK )NP )PP )NP (PP by (NP 16 % )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The measure )NP (ADVP also )ADVP (VP moves (NP (NP (QP more than $ 450 million )QP )NP (PP in (NP the Pentagon budget )NP )PP )NP (PP to (NP *UNK- projects )NP )PP (PP from (NP foreign bases )NP )PP )VP . )S  STOP
(S (NP (UCP U.S. and Soviet )UCP officials )NP (VP are (S (VP to (VP open (NP (NP a new round )NP (PP of (NP talks )NP )PP )NP (NP today )NP (S (VP aimed (PP at (S (VP reducing (NP *UNK- *UNK )NP (PP amid (NP (NP *UNK differences )NP (PP over (SBAR whether (S (VP to (VP stop (S (VP making (NP the *UNK )NP )VP )S )VP )VP )S )SBAR )PP )NP )PP )VP )S )PP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP (NP The talks )NP (PP in (NP New York )NP )PP )NP (VP are (NP (NP the first )NP (SBAR since (S (NP (NP Bush )NP and (NP Soviet Foreign Minister Shevardnadze )NP )NP (VP unveiled (NP proposals )NP (PP in (NP September )NP )PP (S (VP to (VP *UNK (NP existing weapons )NP )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (NP *UNKC *UNK )NP (VP *UNKED (NP Kabul )NP (PP in (NP (NP a weekend *UNK )NP (SBAR (WHNP that )WHNP (S (NP Western *UNK )NP (VP called (S (NP (NP one )NP (PP of (NP (NP the biggest *UNK )NP (SBAR since (S (NP the Soviet Union )NP (VP completed (NP a *UNK withdrawal )NP (PP in (NP February )NP )PP )VP )S )SBAR )NP )PP )NP )S )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (S (NP The rebels )NP (ADVP also )ADVP (ADVP reportedly )ADVP (VP *UNKED (NP (NP a *UNK )NP (PP on (NP (NP roads )NP (VP leading (PP to (NP the capital )NP )PP )VP )NP )PP )NP )VP )S , and (S (NP government forces )NP (VP *UNKED (NP (NP a *UNK- area )NP (PP in (NP western Afghanistan )NP )PP )NP )VP )S . )S  STOP
(S (NP (NP Lebanon 's )NP Christian leader )NP (VP *UNKED (NP (NP an emergency meeting )NP (PP of (NP his cabinet )NP )PP )NP (PP after (NP indications (SBAR that (S (NP he )NP (VP might (VP *UNK (NP Parliament )NP (PP in (NP an attempt (S (VP to (VP scuttle (NP an *UNKED peace plan )NP )VP )VP )S )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Gen. *UNKC *UNKC )NP (VP rejected (NP the pact )NP (SBAR because (S (NP it )NP (VP *UNK (S (VP to (VP provide (NP (NP a timetable )NP (PP for (NP (NP a *UNKC *UNK *UNK )NP (PP from (NP Lebanon )NP )PP )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP in (NP Hawaii )NP )PP )NP (VP said (SBAR (S (NP (NP the *UNK )NP (PP of (NP (NP a missing *UNK plane )NP (PP with (NP (NP 20 people )NP (ADVP *UNK )ADVP )NP )PP )NP )PP )NP (VP was (VP *UNKED (PP in (NP (NP a *UNK *UNK )NP (PP on (NP (NP the *UNK )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP There )NP (VP was n't (NP (NP any evidence )NP (PP of (NP *UNK )NP )PP )NP )VP . )S  STOP
(S (NP The plane )NP (VP failed (S (VP to (VP reach (NP (NP *UNKC 's )NP airport )NP )VP )VP )S (NP Saturday )NP (SBAR while (S (PP on (NP (NP a flight )NP (PP from (NP (NP the *UNKING island )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP )PP )S )SBAR )VP . )S  STOP
(S (NP The Oakland *UNKC )NP (VP won (NP (NP baseball 's )NP World Series )NP , (S (VP *UNKING (NP the San Francisco Giants )NP (PP in (NP a *UNK- sweep )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP An earthquake )NP (NP Oct. 17 )NP (PP in (NP Northern California )NP )PP )NP (VP had (VP caused (NP (NP a *UNK- delay )NP (ADVP *UNK (PP through (NP (NP the *UNK contest )NP , (SBAR (WHNP which )WHNP (S (VP ended (NP Saturday )NP (PP at (NP (NP San Francisco 's )NP Candlestick Park )NP )PP )VP )S )SBAR )NP )PP )ADVP )NP )VP )VP . )S  STOP
(SINV *UNKED : (NP (NP *UNKC *UNK *UNKC )NP , (NP 63 )NP , (NP (NP chairman )NP (PP of (NP (NP *UNKC AG )NP (PP of (NP West Germany )NP )PP )NP )PP )NP )NP , (PP in (NP *UNKC )NP )PP , (PP of (NP *UNK )NP )PP . )SINV  STOP
(S (S (NP (NP The (ADJP West German )ADJP machinery and plant equipment industry 's )NP orders )NP (VP rose (NP an inflation-adjusted 1 % )NP (PP in (NP September )NP )PP (PP from (NP a year earlier )NP )PP (PP despite (NP (NP a sharp drop )NP (PP in (NP foreign orders )NP )PP )NP )PP )VP )S , (NP (NP the German Association )NP (PP of (NP *UNKC *UNKC )NP )PP )NP (VP said )VP . )S  STOP
(S (PP Before (NP (NP adjustment )NP (PP for (NP inflation )NP )PP )NP )PP (PRN , (S (NP the association )NP (VP said )VP )S , )PRN (NP orders )NP (VP were (ADVP up (NP a nominal 5 % )NP )ADVP )VP . )S  STOP
(S (SBAR While (S (NP domestic orders )NP (VP climbed (NP (NP an adjusted 8 % )NP and (NP a nominal 11 % )NP )NP (PP in (NP September )NP )PP )VP )S )SBAR , (NP foreign orders )NP (VP (VP declined (NP 4 % )NP (PP after (NP inflation )NP )PP )VP and (VP (NP 1 % )NP (PP on (NP a nominal basis )NP )PP )VP )VP . )S  STOP
(S (PP In (NP the third quarter )NP )PP , (NP orders )NP (VP rose (NP (NP a real 5 % )NP and (NP a nominal 9 % )NP )NP )VP . )S  STOP
(S (NP *UNKC orders )NP (VP were (ADVP up (NP (NP a real 11 % )NP and (NP a nominal 14 % )NP )NP )ADVP , (SBAR while (S (NP foreign orders )NP (VP rose (NP (NP a real 1 % )NP and (NP a nominal 5 % )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP Michael S. *UNKC )NP (VP took (NP the *UNK )NP (PP at (NP a recent cosmetics industry event )NP )PP )VP )S )SBAR , (NP (NP (QP more than 500 )QP executives )NP (VP *UNKING (NP the room )NP )VP )NP (VP *UNKED (PP to (NP attention )NP )PP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP runs (NP (NP Unilever Group 's )NP world-wide *UNK- business )NP )VP )S )SBAR , )NP (VP *UNKED (S (VP to (VP *UNK (NP the crowd )NP )VP )VP )S )VP . )S  STOP
(S `` (S (NP I )NP (VP see (SBAR (S (NP we )NP (VP have (S (NP (QP about half )QP the audience )NP (VP working (PP for (NP us )NP )PP )VP )S )VP )S )SBAR )VP )S , '' (NP he )NP (VP said , (NP (NP *UNK )NP (PP in (NP *UNK )NP )PP )NP )VP . )S  STOP
(S `` (NP The other half )NP , (NP we )NP (VP may (VP have (PP before (NP long )NP )PP )VP )VP . '' )S  STOP
(S (S (NP (NP Members )NP (PP of (NP the audience )NP )PP )NP (VP (VP *UNKED )VP or (VP *UNKED (ADVP *UNKLY )ADVP )VP )VP )S ; (S (NP their industry )NP (VP has (VP been (VP unsettled (ADVP recently )ADVP (PP by (NP acquisitions )NP )PP )VP )VP )VP )S . )S  STOP
(S (ADVP First )ADVP (NP (NP Unilever )NP , (NP the *UNKC *UNK- giant )NP , )NP (VP spent (NP (QP $ 2 billion )QP )NP (S (VP to (VP acquire (NP (NP brands )NP (PP such as (NP (NP *UNKC )NP and (NP Elizabeth *UNKC )NP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP It )NP (ADVP now )ADVP (VP holds (NP (NP the No. 3 position )NP (PP at (NP U.S. department-store *UNK *UNK )NP )PP )NP )VP . )S  STOP
(S Then (NP Procter & Gamble Co. )NP (VP agreed (S (VP to (VP buy (NP *UNKC Corp. )NP (PP for (NP (QP $ 1.3 billion )QP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP That acquisition )NP , (SBAR (S (VP to (VP be (VP completed (PP by (NP year end )NP )PP )VP )VP )VP )S )SBAR , )NP (VP will (VP include (NP the *UNKC *UNKC and *UNKC *UNK lines )NP , (S (VP making (S (NP P&G )NP (NP (NP the top *UNK )NP (PP of (NP cosmetics )NP )PP (PP in (NP *UNK- outlets )NP )PP )NP )S )VP )S )VP )VP . )S  STOP
(S (S (NP It )NP (VP 's not (ADVP so much )ADVP (NP (NP the idea )NP (PP of (NP acquisitions )NP )PP )NP (SBAR (WHNP that )WHNP (S (VP has (VP *UNKED (NP the cosmetics industry )NP )VP )VP )S )SBAR (PP as (NP (NP the companies )NP (VP doing (NP the acquiring )NP )VP )NP )PP )VP )S : (S (NP P&G and Unilever )NP (VP bring (PP with (NP them )NP )PP (NP (NP great experience )NP (PP with (NP (NP *UNK products )NP (PP like (NP (NP *UNK )NP and (NP *UNK paper )NP )NP )PP )NP )PP )NP , (S (VP *UNKING (NP *UNK )NP (PP in (NP the *UNK cosmetics trade )NP )PP )VP )S )VP )S ; but (S (NP they )NP (ADVP also )ADVP (VP bring (NP *UNK marketing clout )NP , (S (VP *UNKING (NP fear )NP )VP )S )VP )S . )S  STOP
(S (SBAR Though (S (NP (NP it )NP )NP (VP is (ADVP far (PP from (ADJP certain )ADJP )PP )ADVP (SBAR that (S (NP (NP companies )NP (VP (ADVP best )ADVP known (PP for (S (VP selling (NP (NP *UNKC *UNK )NP and (NP *UNKC *UNK )NP )NP )VP )S )PP )VP )NP (VP will (VP succeed (PP in (NP cosmetics )NP )PP )VP )VP )S )SBAR )VP )S )SBAR , (NP there )NP (VP 's (NP little doubt (SBAR (S (NP they )NP (VP will (VP shake (PRT up )PRT (NP the industry )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP For now )ADVP , (NP both companies )NP (VP are (VP keeping (ADJP quiet (PP about (NP their specific plans )NP )PP )ADJP )VP )VP . )S  STOP
(S But (NP industry *UNK )NP (VP expect (S (NP them )NP (VP to (VP *UNK (NP (NP the *UNK marketing strategies )NP (SBAR (S (NP they )NP (VP use (PP for (NP (ADJP more *UNK )ADJP products )NP )PP )VP )S )SBAR )NP (PP with (NP (NP the (ADJP more *UNK )ADJP approach )NP (ADJP typical (PP of (NP cosmetics companies )NP )PP )ADJP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP *UNKLY changes )NP (VP include (NP (NP (NP more emphasis )NP (PP on (NP research )NP )PP )NP , (NP soaring advertising budgets )NP and (NP aggressive pricing )NP )NP )VP . )S  STOP
(S But (NP some *UNK- executives )NP (VP wonder (SBAR whether (S (NP (NP techniques )NP (VP *UNKED (PP in (NP packaged goods )NP )PP )VP )NP (VP will (VP *UNK (PP to (NP the cosmetics business )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC *UNKC Inc. )NP , (NP *UNKC Inc. )NP and (NP other cosmetics houses )NP )NP (ADVP traditionally )ADVP (VP have (VP considered (S (NP themselves )NP (NP (NP fashion enterprises )NP (SBAR (WHNP whose product development )WHNP (S (VP is (VP *UNKED (PP by (NP (NP the creative *UNK )NP (PP of (NP their executives )NP )PP )NP )PP )VP )VP )S )SBAR )NP )S )VP )VP . )S  STOP
(S (S (NP *UNKC companies )NP (VP roll (PRT out )PRT (NP new *UNK *UNK )NP (NP (NP several times )NP (NP a year )NP )NP )VP )S , and (S (SBAR since (S (NP most products )NP (VP can (VP be (VP (ADVP easily )ADVP *UNKED (PP by (NP competitors )NP )PP )VP )VP )VP )S )SBAR , (NP they )NP (VP 're (ADJP *UNK (S (VP to (VP test (NP them )NP (PP with (NP consumers )NP )PP )VP )VP )S )ADJP )VP )S . )S  STOP
(SINV `` (S (SBAR Just because (S (NP upscale cosmetics )NP (VP (VP look (PP like (NP packaged goods )NP )PP )VP and (VP *UNK (PP like (NP packaged goods )NP )PP )VP )VP )S )SBAR , (NP it )NP (VP does n't (VP mean (SBAR (S (NP they )NP (VP are (NP packaged goods )NP )VP )S )SBAR )VP )VP )S , '' (VP says )VP (NP (NP Leonard *UNKC )NP , (NP (NP chief executive )NP (PP of (NP *UNKC *UNKC )NP )PP )NP )NP . )SINV  STOP
(S `` (NP They )NP (VP 're (ADVP really )ADVP (NP (NP fashion items )NP (VP *UNKED (PRT up )PRT (PP in (NP little *UNK )NP )PP )VP )NP )VP . '' )S  STOP
(S (PP In (NP (NP contrast )NP (PP to (NP (NP the (ADJP more *UNK )ADJP nature )NP (PP of (NP traditional cosmetics houses )NP )PP )NP )PP )NP )PP , (NP Unilever and P&G )NP (VP are (NP (NP the *UNK )NP (PP of (NP (NP organization men )NP (PP in (NP *UNK- suits )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Both companies )NP (VP are (NP (NP conservative marketers )NP (SBAR (WHNP that )WHNP (S (VP rely (PP on (NP extensive market research )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP P&G )NP , (PP in (NP particular )NP )PP , (ADVP rarely )ADVP (VP *UNK (PRT out )PRT (NP a product )NP (ADVP *UNKLY )ADVP (PP before (NP extensive *UNKING )NP )PP )VP . )S  STOP
(S (NP Both )NP (VP can (VP be (ADJP extremely aggressive (PP at (S (VP pricing (NP (NP such products )NP (PP as (NP *UNK and *UNK )NP )PP )NP )VP )S )PP )ADJP -- (PP to (NP the extent (SBAR that (S (NP some industry consultants )NP (VP predict (SBAR (S (NP (NP *UNK- *UNK )NP (PP for (NP *UNK )NP )PP )NP (VP could (VP result (PP from (NP (NP their entry )NP (PP into (NP the field )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP P&G )NP (ADVP already )ADVP (VP has (VP shown (SBAR (S (NP it )NP (VP can (VP *UNK (NP some traditional *UNK- techniques )NP (PP with (NP (NP the *UNKING )NP (PP of (NP the cosmetics trade )NP )PP )NP )PP (PP in (NP (NP the *UNK- end )NP (PP of (NP the business )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (VP Consider (NP (NP (NP Oil )NP (PP of (NP *UNKC )NP )PP )NP , (SBAR (WHNP which )WHNP (S (NP P&G )NP (VP acquired (PP as (NP (NP part )NP (PP of (NP *UNKC International )NP )PP )NP )PP (PP in (NP 1985 )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP The *UNK )NP , (VP introduced (PP in (NP *UNKN )NP )PP )VP , )NP (VP had (NP a *UNK image )NP )VP . )S  STOP
(SINV `` (S (NP (NP Oil )NP (PP of (NP *UNKC )NP )PP )NP (VP brought (PP with (NP it )NP )PP (NP (NP the *UNK )NP (PP of (S (VP being (VP used (PP (ADVP basically )ADVP by (NP (NP older women )NP (SBAR (WHNP who )WHNP (S (VP had (ADVP already )ADVP (VP *UNKED )VP )VP )S )SBAR )NP )PP )VP )VP )S )PP )NP )VP )S , '' (VP says )VP (NP (NP David *UNKC )NP , (NP (NP a consultant )NP (PP with (NP New England *UNKING Group )NP )PP )NP )NP . )SINV  STOP
(S (NP P&G )NP (VP set (ADVP out )ADVP (S (VP to (VP *UNK (NP the brand )NP (PP by (S (VP *UNKING (NP the product line )NP (S (VP to (VP include (NP (NP *UNK *UNK )NP and (NP (NP *UNK )NP (PP for (NP sensitive skin )NP )PP )NP )NP )VP )VP )S )VP )S )PP )VP )VP )S )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP *UNKED (NP (NP (NP Oil )NP (PP of (NP *UNKC )NP )PP 's )NP packaging )NP , (S (VP *UNKING (NP the traditional *UNK *UNK )NP (PP with (NP gold lines )NP )PP (S (VP to (VP create (NP a (ADJP more *UNK )ADJP look )NP )VP )VP )S )VP )S )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP P&G )NP (VP *UNKED (NP its ad campaign )NP (PP from (NP (NP one )NP (VP targeting (NP older women )NP )VP )NP )PP (PP to (NP (NP one )NP (VP featuring (NP (NP a woman )NP (PP in (NP her *UNK- )NP )PP (VP *UNKING `` (S not (VP to (VP grow (ADJP old )ADJP (ADVP *UNKLY )ADVP )VP )VP )S )VP )NP )VP )NP )PP )VP . '' )S  STOP
(S (NP The company )NP (VP says (SBAR (S (NP sales )NP (VP have (VP soared )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP like (NP Unilever and P&G )NP )PP )NP (VP have (NP (NP enormous financial advantages )NP (PP over (NP smaller rivals )NP )PP )NP )VP . )S  STOP
(SINV (S (NP Next year )NP , (NP *UNKC )NP (VP plans (S (VP to (VP roll (PRT out )PRT (NP (NP a *UNK )NP (VP called (S (NP Navy )NP )S )VP )NP )VP )VP )S )VP )S , (VP says )VP (NP (NP George L. *UNKING Jr. )NP , (NP (NP chairman )NP (PP of (NP *UNKC )NP )PP )NP )NP . )SINV  STOP
(S (PP Without (NP (NP P&G 's )NP backing )NP )PP , (NP *UNKC )NP (VP might not (VP have (VP been (ADJP able (S (VP to (VP spend (NP (NP the estimated (QP $ 5 million to $ 7 million )QP )NP (VP needed (S (VP to (VP accomplish (NP that )NP (PP without (S (VP *UNKING (PP on (NP its existing brands )NP )PP )VP )S )PP )VP )VP )S )VP )NP )VP )VP )S )ADJP )VP )VP )VP . )S  STOP
(S (S (NP *UNKC companies )NP `` (VP will (VP make (S (NP (NP it )NP )NP (ADJP tougher )ADJP (SBAR for (S (NP smaller people )NP (VP to (VP remain (ADJP competitive )ADJP )VP )VP )S )SBAR )S )VP )VP )S , '' (NP Mr. *UNKING )NP (VP says )VP . )S  STOP
(S (NP (NP *UNKC *UNK )NP (PP in (NP the industry )NP )PP )NP (VP could (VP follow )VP )VP . )S  STOP
(S (NP *UNKC (SBAR that (S (NP Unilever )NP (VP is (ADJP interested (PP in (S (VP acquiring (NP (NP *UNKC Corp. 's )NP *UNKC unit )NP )VP )S )PP )ADJP )VP )S )SBAR )NP (VP are (ADJP widespread )ADJP )VP . )S  STOP
(S (S (NP Unilever )NP (VP wo n't (VP comment )VP )VP )S ; (S (NP *UNKING )NP , (ADVP however )ADVP , (VP denies (SBAR (S (NP the brand )NP (VP is (PP for (NP sale )NP )PP )VP )S )SBAR )VP )S . )S  STOP
(S (NP (NP The presence )NP (PP of (NP Unilever and P&G )NP )PP )NP (VP is (ADJP likely (S (VP to (VP increase (NP (NP the impact )NP (PP of (NP advertising )NP )PP (PP on (NP cosmetics )NP )PP )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (SBAR While (S (NP the two )NP (VP are (PP among (NP (NP the world 's )NP biggest advertisers )NP )PP )VP )S )SBAR , (NP (NP most makers )NP (PP of (NP upscale cosmetics )NP )PP )NP (VP spend (NP relatively little )NP (PP on (NP national ads )NP )PP )VP . )S  STOP
(S (ADVP Instead )ADVP , (NP they )NP (VP (VP focus (PP on (NP (NP events )NP (PP in (NP department stores )NP )PP )NP )PP )VP and (VP *UNK (NP their promotional budgets )NP (PP into (NP (NP *UNK )NP (SBAR (WHNP that )WHNP (S (VP go (ADVP along (PP with (NP purchases )NP )PP )ADVP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (S (NP *UNKC Lauder )NP , (PP for (NP example )NP )PP , (VP spends (NP (NP only an estimated 5 % )NP (PP of (NP sales )NP )PP )NP (PP on (NP (NP advertising )NP (PP in (NP the U.S. )NP )PP )NP )PP )VP )S , and (S (NP Mr. Lauder )NP (VP says (SBAR (S (NP he )NP (VP has (NP no plans (S (VP to (VP change (NP his strategy )NP )VP )VP )S )NP )VP )S )SBAR )VP )S . )S  STOP
(S (NP The most dramatic changes )NP , (ADVP however )ADVP , (ADVP probably )ADVP (VP will (VP come (PP in (NP *UNK- development )NP )PP )VP )VP . )S  STOP
(S (NP (NP (QP Nearly 70 )QP % )NP (PP of (NP cosmetics sales )NP )PP )NP (VP come (PP through (NP (NP *UNK- outlets )NP (PP such as (NP (NP drug stores )NP and (NP *UNK )NP )NP )PP )NP )PP , (PP according (PP to (NP (NP *UNKC *UNKC )NP , (NP (NP an analyst )NP (PP at (NP Shearson Lehman Hutton Inc )NP )PP )NP )NP )PP )PP )VP . )S  STOP
(S (NP That figure )NP (VP has (VP been (VP *UNKING (ADVP up )ADVP (PP for (NP several years )NP )PP )VP )VP )VP . )S  STOP
(S (SBAR As (S (NP the trend )NP (VP continues )VP )S )SBAR , (NP (NP demand )NP (PP for (NP (NP *UNK- items )NP (SBAR (WHNP that )WHNP (S (VP are (UCP (NP high quality )NP but (ADJP (ADVP only )ADVP *UNKED )ADJP )UCP )VP )S )SBAR (PRN -- (ADVP particularly )ADVP (NP *UNK- products )NP -- )PRN )NP )PP )NP (VP is (VP expected (S (VP to (VP increase )VP )VP )S )VP )VP . )S  STOP
(S (NP This fall )NP , (PP for (NP example )NP )PP , (NP (NP *UNKC Group )NP , (NP *UNKLY a *UNK- line )NP , )NP (VP rolled (PRT out )PRT (NP (NP a *UNK- line )NP (PP of (NP *UNK- products )NP )PP (VP called (S (NP *UNKC )NP )S )VP , (SBAR (WHNP which )WHNP (S (VP retail (PP for (NP (QP $ 5 to $ 15 )QP )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The *UNK- marketers )NP (VP may (VP try (S (VP filling (NP that gap )NP (PP with (NP (NP a *UNK )NP (PP of (NP new products )NP )PP )NP )PP )VP )S )VP )VP . )S  STOP
(S (PP Unlike (NP the *UNK- cosmetics houses )NP )PP , (NP Unilever and P&G )NP both (VP have (NP (NP enormous research and development bases )NP (SBAR (S (VP to (VP draw (PP on )PP (PP for (NP new products )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP P&G )NP , (PP in (NP fact )NP )PP , (VP is (VP noted (PP for (S (VP *UNKING (NP market leadership )NP (PP by (S (VP *UNKING (NP (NP products )NP (SBAR (WHNP that )WHNP (S (VP offer (NP (NP a technical edge )NP (PP over (NP the competition )NP )PP )NP )VP )S )SBAR )NP )VP )S )PP )VP )S )PP )VP )VP . )S  STOP
(S (NP (NP Sales )NP (PP of (NP its *UNKC *UNK )NP )PP )NP (VP soared (NP earlier this year )NP , (PP for (NP example )NP )PP , (SBAR after (S (NP P&G )NP (VP introduced (NP (NP a version )NP (SBAR (WHNP that )WHNP (S (VP includes (NP (NP a *UNK )NP (ADJP safe (PP for (NP all *UNK and *UNK )NP )PP )ADJP )NP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP 's (VP led (S (NP industry executives )NP (VP to (VP speculate (SBAR that (S (NP future product development )NP (VP will (VP be (VP driven (PP (PP (ADVP more )ADVP by (NP *UNK innovation )NP )PP (PP than (PP by (NP fashion *UNK )NP )PP )PP )PP -- (PP (ADVP especially )ADVP among (NP *UNK- brands )NP )PP )VP )VP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP There )NP (VP will (VP be (NP (NP more emphasis )NP (PP on (NP quality )NP )PP )NP )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP chief executive )NP (PP of (NP (NP *UNKC Inc. )NP , (NP (NP the U.S. *UNK )NP (PP of (NP *UNKC )NP )PP )NP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP You )NP (VP 'll (VP see (NP fewer *UNK )NP )VP )VP . '' )S  STOP
(S But (NP (NP success )NP (PP for (NP Unilever and P&G )NP )PP )NP (VP is (ADVP far (PP from (ADJP guaranteed )ADJP )PP )ADVP , (SBAR as (S (VP shown (PP by (NP (NP the many *UNK- companies )NP (SBAR (WHNP that )WHNP (S (VP have (VP tried and failed (S (VP to (VP master (NP the *UNK beauty business )NP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP the 1970s )NP )PP , (NP (NP several (ADJP pharmaceutical and *UNK- )ADJP companies )NP , (PP including (NP (NP *UNKC Co. )NP , (NP Eli Lilly & Co. )NP , (NP *UNKC Inc. )NP and (NP *UNKC )NP )NP )PP )NP (VP acquired (NP cosmetics companies )NP )VP . )S  STOP
(S (NP Industry consultants )NP (VP say (SBAR (S (NP (NP only Schering-Plough )NP , (SBAR (WHNP which )WHNP (S (VP makes (NP the *UNK- *UNKC )NP )VP )S )SBAR , )NP (VP has (VP maintained (NP a *UNK business )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Colgate )NP , (SBAR (WHNP which )WHNP (S (VP acquired (NP *UNKC *UNKC )NP (PP in (NP 1973 )NP )PP )VP )S )SBAR , )NP (VP sold (NP the brand )NP (ADVP (NP seven years )NP later )ADVP (SBAR after (S (NP the brand )NP (VP *UNKED )VP )S )SBAR )VP . )S  STOP
(S (NP Unilever )NP (ADVP already )ADVP (VP has (VP experienced (NP some *UNK )NP )VP )VP . )S  STOP
(S (NP (NP The *UNK- *UNKC brand )NP , (SBAR (WHNP which )WHNP (S (NP it )NP (VP acquired (PP in (NP 1987 )NP )PP (PP along (PP with (NP (NP *UNKC 's )NP Inc. )NP )PP )PP )VP )S )SBAR , )NP (VP has (VP lost (NP share )NP , (PP according (PP to (NP industry analysts )NP )PP )PP )VP )VP . )S  STOP
(S (NP (NP The *UNK world )NP (PP of (NP department-store cosmetics retailing )NP )PP , (SBAR (WHADVP where )WHADVP (S (NP Unilever )NP (VP is (VP concentrating (NP its efforts )NP )VP )VP )S )SBAR , )NP (VP may (VP prove (ADJP (ADVP even more )ADVP *UNK )ADJP )VP )VP . )S  STOP
(S (PP In (NP this niche )NP )PP , (NP *UNK *UNK )NP (VP change (ADVP seasonally )ADVP (SBAR because (S (NP they )NP (VP are (VP linked (PP to (NP *UNK- *UNK )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Because (S (S (NP brand loyalty )NP (VP is (ADJP weak )ADJP )VP )S and (S (NP most cosmetics purchases )NP (VP are (ADJP *UNKED )ADJP )VP )S )S )SBAR , (NP (NP careful training )NP (PP of (NP store sales *UNK )NP )PP (PP by (NP cosmetics companies )NP )PP )NP (VP is (ADJP important )ADJP )VP . )S  STOP
(S And (S (VP *UNKING (NP (NP a luxury image )NP (ADJP strong enough (S (VP to (VP persuade (NP consumers )NP (S (VP to (VP pay (NP (QP more than $ 15 )QP )NP (PP for (NP (NP *UNK )NP or (NP eye *UNK )NP )NP )PP )VP )VP )S )VP )VP )S )ADJP )NP )VP )S (VP requires (NP (NP a *UNK touch )NP (SBAR (WHNP that )WHNP (S (NP packaged-goods companies )NP (VP have (ADVP yet )ADVP (S (VP to (VP *UNK (PP on (NP their own )NP )PP )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (NP There )NP (VP may (VP be (NP a *UNK )NP (PP in (NP (NP the long war )NP (PP of (NP nerves )NP )PP (PP between (NP (NP the White House )NP and (NP Congress )NP )NP )PP (PP over (SBAR (WHADVP how )WHADVP (S (NP this country )NP (VP *UNK (NP secret intelligence operations )NP (ADVP abroad )ADVP )VP )S )SBAR )PP )NP )PP )VP )VP . )S  STOP
(S (PP After (NP (NP years )NP (PP of (NP *UNK )NP )PP (VP born (PP of (NP (NP *UNKC )NP , (NP (NP past *UNK )NP (PP of (NP the Central Intelligence Agency )NP )PP )NP , and (NP the Iran-Contra scandal )NP )NP )PP )VP )NP )PP , (NP (NP President Bush )NP and (NP the Senate Intelligence Committee )NP )NP (VP appear (ADJP ready (PRN -- (PP for (NP now )NP )PP , (ADVP at least )ADVP -- )PRN (S (VP to (VP trust (NP each other )NP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP comes (PP to (S (VP setting (NP (NP policy )NP (PP on (NP covert activities )NP )PP )NP )VP )S )PP )VP )S )SBAR )VP )VP )S )ADJP )VP . )S  STOP
(S (SBAR If (S (NP that attitude )NP (VP *UNK )VP )S )SBAR , (NP it )NP (VP could (VP *UNK (NP covert action planning )NP (PP with (NP (NP a level )NP (PP of (NP care and confidence )NP )PP (SBAR (WHNP that )WHNP (S (VP has n't (VP been (VP seen (PP in (NP years )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (PP Over (NP the past week )NP )PP , (NP the president )NP (VP has (VP agreed (S (VP (VP to (VP keep (S (NP the committee )NP (VP informed (PRN , (ADVP usually )ADVP (PP in (NP advance )NP )PP , )PRN (PP of (NP covert actions )NP )PP )VP )S )VP )VP and (VP to (VP put (NP key intelligence decisions )NP (PP in (NP writing )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP That )NP (VP was n't (ADVP always )ADVP (NP (NP the way )NP (SBAR (S (NP the Reagan administration )NP (VP handled (NP such matters )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Mr. Bush )NP (VP has (VP pledged (ADVP as well )ADVP (S (VP to (VP respect (NP (NP the *UNK- executive order )NP (VP *UNKING (NP U.S. agents )NP (PP from (S (VP (VP *UNKING (NP foreign leaders )NP )VP or (VP helping (S (NP others )NP (VP to (VP do (ADVP so )ADVP )VP )VP )S )VP )VP )S )PP )VP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Congress )NP (ADVP never )ADVP (VP (ADVP fully )ADVP *UNKED (S (NP (NP former CIA chief William *UNKC )NP and (NP National Security *UNKC John *UNKC )NP )NP (VP to (VP honor (NP the ban )NP )VP )VP )S )VP . )S  STOP
(S (PP Despite (NP (NP *UNK )NP (PP by (NP the CIA )NP )PP )NP )PP , (NP Mr. Bush )NP (ADVP also )ADVP (VP has (VP agreed (PP to (NP (NP the establishment )NP (PP of (NP (NP an *UNK general )NP (PP at (NP the CIA )NP )PP (SBAR (WHNP who )WHNP (S (VP would (VP be (ADJP independent (PP of (NP the CIA director )NP )PP )ADJP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP return )NP )PP , (NP the Senate panel )NP (VP has (VP dropped (NP efforts (S (VP to (VP *UNK (NP (NP legislation )NP (VP requiring (S (NP the administration )NP (VP to (VP *UNK (NP it )NP (PP within (NP 48 hours )NP )PP (PP of (NP (NP the launching )NP (PP of (NP any covert activity )NP )PP )NP )PP )VP )VP )S )VP )NP )VP )VP )S )NP )VP )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP (VP has (VP removed (NP (NP a ban )NP (PP on (NP (NP CIA use )NP (PP of (NP a *UNK fund )NP )PP (PP for (NP covert acts )NP )PP )NP )PP )NP )VP )VP and (VP has (VP agreed (S (VP to (VP *UNK (ADVP away )ADVP (NP (NP some (ADJP *UNKED and *UNK )ADJP restrictions )NP (PP on (NP coup planning )NP )PP (VP put (PP in (NP place )NP )PP (S (VP to (VP ensure (SBAR that (S (NP the CIA )NP (VP did n't (VP get (ADVP back )ADVP (PP in (NP the assassination game )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP )NP )VP )VP )S )VP )VP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP 've (ADVP finally )ADVP (VP been (ADJP able (S (VP to (VP convince (NP them )NP (SBAR that (S (NP (NP *UNKC )NP and (NP -LCB- Oliver -RCB- North )NP )NP (VP do n't (VP work (ADVP here )ADVP (ADVP anymore )ADVP )VP )VP )S )SBAR )VP )VP )S )ADJP )VP )VP )S , '' (VP says )VP (NP one administration official )NP . )SINV  STOP
(S (NP The new understanding )NP (VP did n't (ADVP just )ADVP (VP spring (PP to (NP life )NP )PP (PP in (NP (NP a *UNK *UNK )NP (PP of (NP *UNK and light )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP It )NP (VP emerged (PP after (NP (NP a *UNK display )NP (PP of (NP *UNK- intelligence politics )NP )PP (SBAR (WHNP that )WHNP (S (VP followed (NP (NP (NP this month 's )NP failed coup attempt )NP (PP in (NP Panama )NP )PP )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The White House )NP (VP used (NP (NP television *UNK )NP and (NP *UNK )NP )NP (S (VP to (VP argue (SBAR that (S (NP (NP (ADJP *UNKLY imposed )ADJP restrictions )NP (PP on (NP covert actions )NP )PP )NP (VP made (S (NP (NP U.S. support )NP (PP for (NP such *UNK )NP )PP )NP (ADJP difficult )ADJP )S )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP Mr. Bush )NP (VP (ADVP even )ADVP disclosed (ADVP privately )ADVP (SBAR that (S (NP (NP one *UNKC deal )NP (PP with (NP Congress )NP )PP )NP (VP required (S (NP him )NP (VP to (VP *UNK (NP (NP the *UNK Panamanian dictator )NP , (NP Manuel Noriega )NP , )NP (SBAR if (S (NP the U.S. )NP (VP learned (PP of (NP (NP a coup *UNK )NP (SBAR (WHNP that )WHNP (S (VP might (VP *UNK (NP his life )NP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The president )NP (ADVP also )ADVP (VP hinted (SBAR (S (NP he )NP (VP might (VP veto (NP (NP this year 's )NP intelligence authorization bill )NP (SBAR if (S (NP it )NP (VP is (ADJP too *UNK )ADJP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP Intelligence Committee Chairman David Boren )NP (PRN -LRB- (NP D. )NP , (NP *UNKC . )NP -RRB- )PRN )NP and (NP (NP Vice Chairman William Cohen )NP (PRN -LRB- (NP R. )NP , (NP Maine )NP -RRB- )PRN )NP )NP , (PP for (NP their part )NP )PP , (VP (ADVP *UNKLY )ADVP accused (NP the White House )NP (PP of (S (VP (VP (ADVP *UNKLY )ADVP *UNKING (NP *UNKED documents )NP )VP and (VP trying (ADVP *UNKLY )ADVP (S (VP to (VP shift (NP (NP the blame )NP )NP (PP to (NP Congress )NP )PP (PP for (NP the *UNKED attempt (S (VP to (VP *UNK (NP Gen. Noriega )NP )VP )VP )S )NP )PP )VP )VP )S )VP )VP )S )PP )VP . )S  STOP
(S (NP The White House )NP (VP (VP got (NP (NP the better )NP (PP of (NP the exchange )NP )PP )NP )VP but (VP took (NP care )NP (S not (VP to (VP press (NP its advantage )NP (PP to (NP (NP the kind )NP (PP of (NP constitutional confrontation )NP )PP (VP sought (PP by (NP (NP conservative Republicans )NP (SBAR (WHNP who )WHNP (S (VP do n't (VP want (NP (NP any congressional *UNK )NP (PP of (NP intelligence activities )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP Instead )ADVP , (NP (NP Mr. Bush )NP and (NP his aides )NP )NP (VP made (S (NP it )NP (ADJP clear (SBAR (S (NP they )NP (VP (VP *UNKED (NP (NP Congress 's )NP role )NP )VP and (VP felt (SBAR (S (NP they )NP (VP could (VP work (PP with (NP (NP the conservative Mr. Boren )NP and (NP the moderate Mr. Cohen )NP )NP )PP (S (VP to (VP iron (PRT out )PRT (NP their differences )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP )S )SBAR )ADJP )S )VP . )S  STOP
(S (NP The senators )NP (VP responded (PP in (NP kind )NP )PP )VP . )S  STOP
(S (NP Sen. Boren )NP (VP (ADVP *UNKLY )ADVP told (NP reporters )NP (SBAR (SBAR that (S (NP there )NP (VP had (VP been (NP `` (NP a meeting )NP (PP of (NP the minds )NP )PP '' (PP with (NP the White House )NP )PP )NP )VP )VP )S )SBAR , and (SBAR that (S (NP the committee )NP (VP had (VP given (NP Mr. Bush )NP (NP `` (NP a clean slate )NP , '' (ADJP free (PP of (NP (NP the *UNK )NP (VP imposed (PP during (NP the Reagan years )NP )PP )VP )NP )PP )ADJP )NP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP Sen. Cohen )NP (VP said (SBAR (S (NP the relationship )NP (VP has (VP *UNKED (PP to (NP its *UNK- character )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP There )NP (ADVP still )ADVP (VP are (NP (NP some details )NP (SBAR (S (VP to (VP be (VP *UNKED (PRT down )PRT )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Mr. Bush )NP (VP is (VP *UNKING (NP (NP the right )NP (PP in (NP `` rare '' *UNK )NP )PP (S (VP to (VP keep (S (NP Congress )NP (PP in (NP the dark )NP )PP )S )VP )VP )S )NP , (S (VP *UNKING (NP (NP a constitutional *UNK )NP (SBAR (S (NP the committee )NP (VP does n't (VP recognize )VP )VP )S )SBAR )NP )VP )S )VP )VP . )S  STOP
(S And (NP (NP a pending Justice Department *UNK )NP (PP of (NP the assassination ban )NP )PP )NP (VP could (VP raise (NP (NP questions )NP (SBAR (WHNP that )WHNP (S (VP would (VP have (S (VP to (VP be (VP settled )VP )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP both sides )NP (VP may (VP face (NP political critics )NP )VP )VP . )S  STOP
(S (NP Some conservatives )NP (VP will (VP *UNK (NP the president )NP (PP of (S (VP promising (NP Congress )NP (NP too much )NP )VP )S )PP )VP )VP . )S  STOP
(S And (NP they )NP (VP continue (S (VP (ADVP *UNKLY )ADVP *UNKING (NP CIA Director William Webster )NP (PP for (S (VP being (ADJP too *UNKING (PP to (NP the committee )NP )PP )ADJP )VP )S )PP )VP )S )VP . )S  STOP
(S (PP At (NP the same time )NP )PP , (S (NP some congressional *UNK )NP (VP will (VP *UNK (NP *UNKC Boren and Cohen )NP (PP of (S (VP *UNKING (PRT out )PRT )VP )S )PP )VP )VP )S , and (S (NP they )NP (VP will (VP *UNK (SBAR that (S (NP (NP the lawmakers ' )NP concessions )NP (VP raise (NP (NP the *UNK )NP (PP of (NP (NP more (ADJP *UNKLY *UNKING )ADJP covert operations )NP (PP like (NP (NP (NP the mining )NP (PP of (NP Nicaraguan *UNK )NP )PP )NP and (NP the Iran arms sales )NP )NP )PP )NP )PP )NP )VP )S )SBAR )VP )VP )S . )S  STOP
(S But (SBAR if (S (S (NP the cooperative attitude )NP (VP holds )VP )S and (S (NP there )NP (VP is (NP (NP greater *UNK )NP (PP on (NP covert activities )NP )PP )NP )VP )S )S )SBAR , (NP the country )NP (VP could (VP be (VP entering (NP (NP an era )NP (SBAR (WHADVP when )WHADVP (S (NP such *UNKED *UNK )NP (VP are (VP *UNKED (SBAR before (S (NP they )NP (VP get (PP off (NP the drawing boards )NP )PP )VP )S )SBAR , (SBAR while (S (NP (ADJP risky but *UNKED )ADJP secret operations )NP (VP can (VP be (VP *UNK (PP without (NP fear (SBAR that (S (NP a *UNK Congress )NP (VP will (VP *UNK )VP )VP )S )SBAR )NP )PP )VP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )VP )VP . )S  STOP
(S (NP (NP Several )NP (PP of (NP (NP the New York Stock Exchange 's )NP own listed companies )NP )PP , (VP led (PP by (NP giant Contel Corp. )NP )PP )VP , )NP (VP are (VP joining (PP for (NP the first time )NP )PP (S (VP to (VP complain (PP about (NP (NP program trading )NP and (NP (NP (NP the exchange 's )NP role )NP (PP in (NP it )NP )PP )NP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (S (VP *UNKING (SBAR (S (NP program trading )NP (VP has (VP turned (NP the Big Board )NP (PP into (NP a `` gambling casino )NP )PP )VP )VP )S )SBAR )VP )S , '' (NP Contel Chairman Charles *UNKC )NP (VP said (SBAR that (S (NP (NP he )NP and (NP (QP at least 20 )QP other corporate executives )NP )NP (VP are (VP *UNKING (NP an unprecedented alliance )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The group )NP (PRN , (S (NP Mr. *UNKC )NP (VP said (PP in (NP an interview )NP )PP )VP )S , )PRN (VP wants (S (VP to (VP end (NP (NP (NP the market 's )NP wild price swings )NP (SBAR (WHNP that )WHNP (S (NP critics )NP (VP blame (PP on (NP *UNKED program-trading strategies )NP )PP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (S (NP The group )NP (VP will (VP complain (PP (PP to (NP Washington )NP )PP , (PP to (NP (NP the heads )NP (PP of (NP program-trading firms )NP )PP )NP )PP and (PP to (NP (NP the heads )NP (PP of (NP (NP the Big Board )NP (NP itself )NP )NP )PP )NP )PP )PP )VP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(SINV `` (S (NP They )NP (VP should (VP call (S -LCB- (NP the exchange )NP -RCB- (NP Trump East )NP )S )VP )VP )S , '' (VP charged )VP (NP (NP Mr. *UNKC )NP , (NP (NP the *UNK- founder )NP (PP of (NP Contel )NP )PP )NP (SBAR (WHNP who )WHNP (S (VP 's (ADVP also )ADVP (NP a former (NX (NX investment banker )NX and (NX stock trader )NX )NX )NP )VP )S )SBAR )NP . )SINV  STOP
(SBARQ `` (WHNP What )WHNP (SQ is (NP (NP the mission )NP (PP of (NP the financial community )NP )PP )NP )SQ -- )SBARQ  STOP
(FRAG (S (VP to (VP (VP help (NP some *UNK or *UNK )NP )VP , or (VP help (NP corporate America )NP )VP )VP )VP )S ? '' )FRAG  STOP
(S (NP Contel )NP (VP is (NP a (ADJP (QP $ 6 billion )QP )ADJP telephone and electronics company )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP has (VP been (VP building (PP on (NP the Big Board )NP )PP (PP in (NP the past two weeks )NP )PP (S (VP to (VP do (NP something )NP (PP about (NP (NP market volatility )NP , (SBAR (WHNP which )WHNP (S (NP many investors )NP (VP say (SBAR (S (VP is (VP caused (PP by (NP program trading )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP (NP (NP (NP The market 's )NP *UNKC plunge )NP (PP of (NP 190 points )NP )PP (PP in (NP the Dow Jones Industrial Average )NP )PP )NP , and (NP (NP (NP the Big Board 's )NP *UNKED response )NP (PP to (NP it )NP )PP )NP , )NP (VP galvanized (NP (NP some longstanding *UNK )NP (PP among (NP (NP companies )NP (VP listed (PP on (NP the exchange )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(S (NP Last month )NP , (NP program trading )NP (VP accounted (PP for (NP (NP a record 13.8 % )NP (PP of (NP average daily Big Board volume )NP )PP )NP )PP )VP . )S  STOP
(S (NP Mr. *UNKC )NP , (PP for (NP example )NP )PP , (VP said (SBAR (S (NP he )NP (VP wrote (PP to (NP Big Board Chairman John J. Phelan Jr. )NP )PP (PP about (NP program trading )NP )PP (PP after (NP the 190-point Dow plunge )NP )PP )VP )S , and (S (PP as (PP in (NP previous *UNK )NP )PP )PP , `` (SBAR (WHNP what )WHNP (S (NP I )NP (VP get (ADVP back )ADVP )VP )S )SBAR (VP is (NP *UNK )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP he )NP (VP 's (ADJP upset (SBAR that (S (NP Mr. Phelan )NP , (S (VP trying (S (VP to (VP *UNK (NP investors )NP )VP )VP )S (PP after (NP the plunge )NP )PP )VP )S , (VP said (SBAR that (S (NP investors )NP (VP would (ADVP simply )ADVP (VP have (S (VP to (VP get (ADVP used (PP to (NP (NP the market 's )NP big price swings )NP )PP )ADVP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )ADJP )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP The Big Board )NP `` (VP is (ADVP partly )ADVP (S (VP to (VP blame -LCB- (PP for (NP the price swings )NP )PP -RCB- )VP )VP )S , (SBAR because (S (NP they )NP (VP 're (NP *UNK )NP )VP )S )SBAR )VP )S , '' (VP said )VP (NP Mr. Wohlstetter )NP . )SINV  STOP
(S `` (NP Their powerful members )NP (VP manage (NP them )NP )VP . '' )S  STOP
(S (NP (NP The focus )NP (PP of (NP the outcry )NP )PP )NP (VP has (VP been (NP (NP stock-index arbitrage )NP , (SBAR (WHNP which )WHNP (S (VP accounts (PP for (NP (NP (QP about half )QP the program trading )NP (SBAR (WHNP that )WHNP (S (VP goes (ADVP on )ADVP )VP )S )SBAR )NP )PP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP Index *UNK )NP (VP argue (SBAR that (S (S (NP their trading )NP (VP is (ADJP healthy )ADJP (SBAR because (S (NP it )NP (VP links (NP markets )NP )VP )S )SBAR )VP )S , but (S (NP critics )NP (VP say (SBAR (S (NP such trading )NP (VP (VP *UNK (NP market movements )NP )VP and (VP increases (NP (NP the chance )NP (PP for (NP a crash )NP )PP )NP )VP )VP )S )SBAR )VP )S )S )SBAR )VP . )S  STOP
(S (NP The Big Board )NP (VP has (VP refused (S (VP to (VP be (VP drawn (PP into (NP (NP a public debate )NP (PP about (NP program trading )NP )PP )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Richard *UNKC )NP , (NP Big Board president )NP , )NP (NP last week )NP (VP said (ADVP only )ADVP (SBAR that (S (NP the exchange )NP (VP is (VP concerned (PP about (NP all its constituents )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP exchange officials )NP (VP worry (SBAR that (S (PP without (NP (NP a *UNK system )NP (PP for (NP program trading )NP )PP (PP at (NP the Big Board )NP )PP )NP )PP , (NP (NP billions )NP (PP of (NP dollars )NP )PP (PP in (NP trading )NP )PP )NP (VP will (ADVP simply )ADVP (VP *UNK (PP to (NP (NP overseas exchanges )NP (PP such as (NP London 's )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP is (ADVP partly )ADVP (PP for (NP this reason )NP )PP (SBAR that (S (NP the exchange )NP (NP last week )NP (VP began (S (VP trading (PP in (NP (NP its own stock `` basket '' product )NP (SBAR (WHNP that )WHNP (S (VP allows (S (NP big investors )NP (VP to (VP buy or sell (NP (NP (QP all 500 )QP stocks )NP (PP in (NP (NP the Standard & Poor 's )NP index )NP )PP )NP (PP in (NP a single trade )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP One intended customer )NP (PP of (NP the new basket product )NP )PP )NP (VP is (NP index *UNK )NP , (PP according (PP to (NP the exchange )NP )PP )PP )VP . )S  STOP
(S (NP Investors )NP (VP have (VP complained (PP for (NP some time )NP )PP (PP about (NP (NP program trading )NP , (ADVP particularly )ADVP (NP index arbitrage )NP , )NP )PP (PP to (NP little *UNK )NP )PP )VP )VP . )S  STOP
(S But (PP according (PP to (NP some Big Board traders )NP )PP )PP , (NP (NP an organized campaign )NP (PP from (NP *UNKED companies )NP )PP )NP (VP might (VP make (S (NP the exchange )NP (ADVP finally )ADVP (VP consider (NP big changes )NP )VP )S )VP )VP . )S  STOP
(S `` (NP They )NP (VP wo n't (VP fight (NP the listed companies )NP )VP )VP . )S  STOP
(SINV (S (ADVP Now )ADVP (NP the *UNK )NP (VP is (ADVP on )ADVP )VP )S , '' (VP said )VP (NP one top trader )NP . )SINV  STOP
(S (S (NP The Big Board )NP (VP ca n't (VP ban (NP stock-index futures )NP , (PP of (NP course )NP )PP )VP )VP )S , but (S (NP it )NP (VP could (VP (VP ban (NP (NP use )NP (PP of (NP its *UNKED electronic trading system )NP )PP (PP for (NP program trading )NP )PP )NP )VP or (VP (ADVP at least )ADVP encourage (S (NP securities firms )NP (VP to (VP back (ADVP off )ADVP )VP )VP )S )VP )VP )VP )S . )S  STOP
(S (NP The exchange )NP (VP put (NP (NP a bit )NP (PP of (NP a *UNK )NP )PP )NP (PP on (NP program trading )NP )PP (SBAR (WHADVP when )WHADVP , (S (NP last year )NP , (NP it )NP (ADVP simply )ADVP (VP started (S (VP to (VP publish (NP (NP monthly statistics )NP (PP of (NP (NP each firm 's )NP program-trading volume )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Contel 's )NP Mr. Wohlstetter )NP (VP said (SBAR (SBAR (S (NP (NP the group )NP (PP of (NP Big Board companies )NP )PP )NP (VP is n't (ADJP ready (S (VP to (VP go (ADJP public )ADJP (ADVP yet )ADVP (PP with (NP its effort )NP )PP )VP )VP )S )ADJP )VP )S )SBAR , and (SBAR that (S (NP he )NP (VP does n't (VP plan (S (VP to (VP be (NP the leader )NP (SBAR once (S (NP it )NP (VP is (ADJP public )ADJP )VP )S )SBAR )VP )VP )S )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (ADVP However )ADVP , (NP he )NP (VP said (SBAR (S (NP he )NP (VP planned (S (VP to (VP spend (NP the weekend )NP (S (VP making (NP calls )NP )VP )S (S (VP to (VP *UNK (NP additional support )NP )VP )VP )S )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(SINV (PP Among (NP (NP those )NP (SBAR (S (NP Mr. Wohlstetter )NP (VP said (SBAR (S (NP he )NP (VP has (VP been (VP talking (PP to )PP )VP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP (VP are )VP (NP (NP (NP Sanford *UNKC )NP (PP of (NP (NP *UNKC Corp. )NP , (SBAR (WHNP which )WHNP (S (VP is (NP (NP the parent )NP (PP of (NP Smith Barney , Harris Upham & Co. )NP )PP )NP )VP )S )SBAR )NP )PP )NP ; (NP (NP GTE Corp. 's )NP James Johnson )NP , and (NP (NP ITT Corp. 's )NP *UNKC *UNKC )NP )NP . )SINV  STOP
(S (NP (NP None )NP (PP of (NP these chief executives )NP )PP )NP (VP were (ADJP available (PP for (NP comment )NP )PP )ADJP )VP . )S  STOP
(SINV (PP Among (NP (NP the targets )NP (PP of (NP (NP the Big Board companies ' )NP campaign )NP )PP )NP )PP (VP will (VP be )VP )VP (NP (NP some corporate pension funds )NP (SBAR (WHNP that )WHNP (S (VP use (NP program-trading strategies )NP (S (VP to (VP *UNK (NP (NP returns )NP (PP on (NP their investments )NP )PP )NP )VP )VP )S )VP )S )SBAR )NP . )SINV  STOP
(S (PP For (NP (NP Contel 's )NP part )NP )PP , (NP the company )NP (ADVP (NP a month )NP ago )ADVP (VP informed (NP (NP each )NP (PP of (NP its money managers )NP )PP )NP (SBAR that (S (NP it )NP (VP would (VP drop (NP them )NP (SBAR if (S (NP they )NP (VP give (NP business )NP (PP to (NP program-trading firms )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP was (NP (NP just those kinds )NP (PP of (NP *UNK )NP )PP (SBAR (WHNP that )WHNP (S (NP last week )NP (VP succeeded (PP in (S (VP turning (PRT up )PRT (NP the heat )NP (PP in (NP the debate )NP )PP )VP )S )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Kemper Corp. 's )NP Kemper Financial Services unit )NP (VP said (SBAR (S (NP it )NP (VP cut (PRT off )PRT (NP (NP Bear Stearns )NP , (NP Morgan Stanley )NP , (NP Oppenheimer )NP and (NP (NP General Electric Co. 's )NP Kidder , Peabody & Co. unit )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP All )NP (PP of (NP the firms )NP )PP (PP except (NP (NP Kidder )NP , (SBAR (WHNP which )WHNP (S (VP is (NP (NP the *UNK- program trader )NP (PP on (NP Wall Street )NP )PP )NP )VP )S )SBAR , )NP )PP )NP (ADVP quickly )ADVP (VP announced (NP (NP *UNK- )NP (PP from (NP index arbitrage )NP )PP )NP )VP . )S  STOP
(S (NP Kidder officials )NP (VP stand (PP by (NP (NP their aggressive use )NP (PP of (NP program trading )NP )PP )NP )PP )VP . )S  STOP
(S (NP Chief Executive *UNKC Michael Carpenter )NP (VP said (SBAR that (S (PP despite (NP (NP the outcry )NP (PP (ADVP even )ADVP by (NP (NP some )NP (PP of (NP (NP Kidder 's )NP own brokers )NP )PP )NP )PP )NP )PP , (NP he )NP (VP believes (SBAR (S (NP index arbitrage )NP (VP does n't (VP have (NP (NP a `` negative impact )NP (PP on (NP (NP the market )NP (PP as (NP a whole )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S '' (ADVP However )ADVP , (NP (NP pressure )NP (PP on (NP (NP (NP Kidder 's )NP parent )NP , (NP GE )NP , )NP )PP )NP (VP could (VP change (NP (NP Kidder 's )NP policy )NP )VP )VP . )S  STOP
(S (NP GE Chairman John Welch )NP (VP has (VP been (VP `` *UNKED (PP with (NP (NP phone calls )NP '' (VP *UNKING (PP about (NP (NP his unit 's )NP program trading )NP )PP )VP )NP )PP , (PP according (PP to (NP (NP a person )NP (ADJP close (PP to (NP him )NP )PP )ADJP )NP )PP )PP )VP )VP )VP . )S  STOP
(S (NP (NP (NP Margaret Thatcher 's )NP *UNK response )NP (PP to (NP (NP the latest *UNK )NP (PP in (NP her government )NP )PP )NP )PP )NP (VP is (S (VP to (VP promise (NP (NP business )NP (PP as (ADJP usual )ADJP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP That )NP (VP may (VP be (NP (NP the last thing )NP (SBAR (S (NP she )NP (VP needs )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (SBAR As (S (NP the air )NP (VP *UNK (PP from (NP (NP (NP last week 's )NP storm )NP (PP of (NP resignations and *UNK )NP )PP )NP )PP )VP )S )SBAR , (NP the government )NP (VP faces (NP (NP a *UNKING job )NP (PP of (S (VP *UNKING (NP (NP confidence )NP (PP in (NP its policies )NP )PP )NP )VP )S )PP )NP )VP . )S  STOP
(S (NP (NP The prime minister )NP and (NP (NP her new *UNK )NP (PP of (NP the *UNK )NP )PP , (NP the *UNKED John Major )NP , )NP )NP (VP need (S (VP to (VP *UNK (NP the country )NP (PP through (NP (NP something )NP (PP like (NP a recession )NP )PP )NP )PP )VP )VP )S (S (VP to (VP (VP bring (PRT down )PRT (NP inflation )NP )VP and (VP set (S (NP the economy )NP (VP moving (ADVP again )ADVP )VP )S )VP )VP )VP )S )VP . )S  STOP
(S (NP Mrs. Thatcher )NP (VP has (S (VP to (VP come (PP to (NP terms )NP )PP (PP with (NP European economic integration )NP )PP , (PP beginning (PP with (NP (NP the European Monetary System )NP , (SBAR (WHNP which )WHNP (S (NP Britain )NP (VP is (VP committed (PP to (S (VP joining (ADVP fully )ADVP (NP *UNK )NP )VP )S )PP )VP )VP )S )SBAR )NP )PP )PP )VP )VP )S )VP . )S  STOP
(S (ADVP Finally )ADVP , (NP the government )NP (VP has (S (VP to (VP convince (NP (NP a *UNKED financial community )NP (PRN -- and (NP voters )NP -- )PRN )NP (SBAR (S (NP it )NP (VP is (VP proceeding (ADVP *UNKLY )ADVP (PP toward (NP its goals )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (S (NP It )NP (VP sounds (PP like (NP (NP the work )NP (PP of (NP a decade )NP )PP )NP )PP )VP )S , but (S (NP the deadline )NP (VP is (NP (NP late 1991 )NP , (SBAR (WHADVP when )WHADVP (S (NP Mrs. Thatcher )NP (VP is (VP expected (S (VP to (VP call (NP another national election )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP )S . )S  STOP
(S (SBAR (WHNP What )WHNP (S (VP 's (VP *UNKING (NP her supporters )NP )VP )VP )S )SBAR (VP is (SBAR that (S (NP the economic cycle )NP (VP may (VP be (PP out (PP of (NP *UNK )NP )PP )PP (PP with (NP the political timetable )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP She )NP (VP could (VP end (PRT up )PRT (S (VP seeking (NP a fourth term )NP (PP in (NP (NP an economy )NP (ADJP sick (PP with (NP (NP inflation )NP , (NP high interest rates )NP and (NP a heavy trade deficit )NP )NP )PP )ADJP )NP )PP )VP )S )VP )VP . )S  STOP
(S (SBAR Though (S (NP Mrs. Thatcher )NP (VP has (VP pulled (PP through (NP other *UNK )NP )PP )VP )VP )S )SBAR , (NP supporters )NP (VP wonder (SBAR if (S (NP her *UNKLY , *UNK ways )NP (VP are (NP the right formula )NP (NP today )NP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP There )NP (VP 's (NP a rising fear (SBAR that (S (ADVP perhaps )ADVP (NP (NP (NP Mrs. Thatcher 's )NP style )NP (PP of (NP management )NP )PP )NP (VP has (VP become (NP a political liability )NP )VP )VP )S )SBAR )NP )VP )S , '' (VP says )VP (NP (NP Bill Martin )NP , (NP (NP senior economist )NP (PP at (NP London brokers *UNKC & *UNKC )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP (NP The prime minister 's )NP *UNK )NP (PP on (S (VP keeping (NP (NP a private *UNK )NP (PP of (NP advisers )NP )PP (PRN -- (PP including (NP (NP an economic *UNK )NP (SBAR (WHNP who )WHNP (S (VP (ADVP *UNKLY )ADVP criticized (NP (NAC former Chancellor (PP of (NP the Exchequer )NP )PP )NAC Nigel Lawson )NP )VP )S )SBAR )NP )PP -- )PRN )NP )VP )S )PP )NP (VP *UNKED (NP the financial community )NP )VP . )S  STOP
(S (S (NP Last week )NP , (NP (NP the strategy )NP (PP of (S (VP playing (NP the two experts )NP (PP off (NP each other )NP )PP )VP )S )PP )NP (VP *UNK (PRT up )PRT )VP )S : (S (NP Mr. Lawson )NP (VP quit (PP in (NP *UNK )NP )PP )VP )S and (S (NP (NP Sir Alan *UNKC )NP , (NP the adviser )NP , )NP (VP announced (NP his resignation )NP (PP within (NP an hour )NP )PP )VP )S . )S  STOP
(S (NP The confusion )NP (VP could (VP be (ADJP costly )ADJP )VP )VP . )S  STOP
(S (NP (NP *UNKC traders )NP , (VP *UNKING (SBAR (S (NP Mr. Major )NP (VP wo n't (VP defend (NP the pound )NP (ADVP *UNKLY )ADVP )VP )VP )S )SBAR )VP , )NP (VP sent (S (NP the British currency )NP (ADJP sharply lower )ADJP (NP Friday )NP (PP against (NP the (NX (NX dollar )NX and (NX (ADJP West German )ADJP mark )NX )NX )NP )PP )S )VP . )S  STOP
(S (NP Analysts )NP (VP expect (NP further *UNK )NP (NP this week )NP )VP . )S  STOP
(S (NP (NP A continuing slide )NP (PP in (NP the pound )NP )PP )NP (VP could (VP force (S (NP the government )NP (VP to (VP push (PP through (NP (NP another rise )NP (PP in (NP (NP the base rate )NP , (NP (ADVP currently )ADVP 15 % )NP )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP That )NP (VP could (VP *UNK (NP a weak economy )NP (PP into (NP recession )NP )PP )VP )VP . )S  STOP
(S (S (NP Economists )NP (VP have (VP been (VP *UNKING (NP a slump )NP (PP for (NP months )NP )PP )VP )VP )VP )S , but (S (NP they )NP (ADVP now )ADVP (VP say (SBAR (S (NP it )NP (VP will (VP be (ADJP (ADJP deeper and longer )ADJP (SBAR than (S (NP they )NP (VP had (VP thought )VP )VP )S )SBAR )ADJP )VP )VP )S )SBAR )VP )S . )S  STOP
(SINV (S (NP (NP Britain 's )NP economy )NP `` (VP is (VP developing (ADVP rapidly )ADVP (PP toward (NP *UNK- )NP )PP )VP )VP )S , '' (VP says )VP (NP (NP J. Paul *UNKC )NP , (NP (NP international economist )NP (PP with (NP (NP Smith Barney , Harris Upham Co. )NP (PP in (NP Paris )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP A *UNK slowdown )NP (ADVP probably )ADVP (VP would (VP have (VP run (NP its course )NP (PP by (NP early 1991 )NP )PP (PRN , (S (NP economists )NP (VP say )VP )S , )PRN (SBAR while (S (NP (NP the *UNKING downturn )NP (VP (ADVP now )ADVP expected )VP )NP (VP could (VP stretch (PP into (NP 1992 )NP )PP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP could (VP be (VP *UNKED (SBAR if (S (NP (NP (NP Britain 's )NP major trading partners )NP (PP in (NP Europe )NP )PP , (SBAR (WHNP which )WHNP (S (VP are (VP *UNKING (NP robust economic activity )NP )VP )VP )S )SBAR , )NP (VP cool (ADVP off )ADVP (SBAR as (S (VP expected (PP in late 1990 and 1991 )PP )VP )S )SBAR )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP That )NP (VP would (VP leave (NP Mrs. Thatcher )NP (NP (NP little room )NP (PP for (NP *UNK )NP )PP )NP )VP )VP . )S  STOP
(S (SBAR For (S (NP the *UNKC )NP (VP to (VP win (NP the next election )NP )VP )VP )S )SBAR , (NP voters )NP (VP will (VP need (S (VP to (VP sense (NP economic improvement )NP (PP for (ADVP (NP (QP about a )QP year )NP *UNK )ADVP )PP )VP )VP )S )VP )VP . )S  STOP
(S (SBAR Though (S (NP Mrs. Thatcher )NP (VP does n't (VP need (S (VP to (VP call (NP an election )NP (PP until (NP June 1992 )NP )PP )VP )VP )S )VP )VP )S )SBAR , (NP she )NP (VP would (VP prefer (S (VP doing (ADVP so )ADVP (PP in (NP late 1991 )NP )PP )VP )S )VP )VP . )S  STOP
(SINV `` (S (SBAR If (S (NP the economy )NP (VP shows (NP (NP no sign )NP (PP of (S (VP turning (ADVP around )ADVP (PP in (NP (NP about year 's )NP time )NP )PP )VP )S )PP )NP )VP )S )SBAR , (NP she )NP (VP will (VP be (ADJP very vulnerable )ADJP )VP )VP )S , '' (VP says )VP (NP (NP John *UNKC )NP , (NP (NP a *UNK )NP (PP at (NP (NP the London School )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP There )NP (VP 's (NP an (ADJP *UNKLY pressing )ADJP deadline )NP (SBAR for (S (NP the government )NP (VP to (VP *UNK (NP (NP its (ADJP monetary and economic )ADJP ties )NP (PP to (NP (NP the rest )NP (PP of (NP the European Community )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP has (VP sent (NP (NP mixed signals )NP (PP about (NP its willingness (S (VP to (VP take (NP part )NP (PP in (NP (NP the exchange-rate *UNK )NP (PP of (NP the European Monetary System )NP )PP , (SBAR (WHNP which )WHNP (S (VP links (NP the major EC currencies )NP )VP )S )SBAR )NP )PP )VP )VP )S )NP )PP )NP )VP )VP . )S  STOP
(S (PP At (NP a June EC summit )NP )PP , (NP Mrs. Thatcher )NP (VP appeared (S (VP to (VP ease (NP (NP her opposition )NP (PP to (NP full *UNKC membership )NP )PP )NP )VP )VP )S , (S (VP saying (SBAR (S (NP Britain )NP (VP would (VP join (SBAR once (S (S (NP its inflation rate )NP (VP fell )VP )S and (S (NP the EC )NP (VP *UNKED (NP capital movements )NP )VP )S )S )SBAR )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (PP Since (NP then )NP )PP , (NP the government )NP (VP has (VP left (S (NP observers )NP (VP *UNKING (SBAR if (S (NP it )NP (ADVP ever )ADVP (VP meant (S (VP to (VP join )VP )VP )S )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(S (NP Sir Alan )NP (VP *UNKED (NP the monetary arrangement )NP (PP as `` (ADJP *UNKED )ADJP '' )PP (PP in (NP (NP an article )NP (VP being (VP published (PP in (NP an American economics journal )NP )PP )VP )VP )NP )PP )VP . )S  STOP
(S (NP That )NP (VP produced (NP (NP little reaction )NP (PP from (NP his boss )NP )PP )NP , (S (VP *UNKING (NP speculation (SBAR (S (NP the government )NP (VP would (VP use (NP its two conditions )NP (PP as (NP (NP a *UNK )NP (PP for (S (VP *UNKING (NP full EMS membership )NP )VP )S )PP )NP )PP )VP )VP )S )SBAR )NP )VP )S )VP . )S  STOP
(S (PP Despite (NP (NP the departure )NP (PP of (NP (NP Mr. Lawson )NP and (NP Sir Alan )NP )NP )PP )NP )PP , (NP (NP the *UNK- )NP (PP over (NP the EMS )NP )PP )NP (VP could (VP continue )VP )VP . )S  STOP
(S (NP (NP Sir *UNKC *UNKC )NP , (NP (NP deputy prime minister )NP and (NP (NP a Lawson ally )NP (PP on (NP the EMS )NP )PP )NP )NP , )NP (VP has (VP signaled (SBAR (S (NP he )NP (VP will (VP continue (S (VP pressing (PP for (NP early membership )NP )PP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(SINV (PP Of (NP immediate concern )NP )PP (VP is )VP (SBAR whether (S (NP the Thatcher government )NP (VP will (VP continue (NP (NP (NP Mr. Lawson 's )NP policy )NP (PP of (S (VP (VP tracking (NP (NP the monetary policies )NP (PP of (NP the (ADJP West German )ADJP *UNKC )NP )PP )NP )VP and (VP responding (PP in (NP kind )NP )PP (SBAR (WHADVP when )WHADVP (S (NP the Frankfurt authorities )NP (VP move (NP interest rates )NP )VP )S )SBAR )VP )VP )S )PP )NP )VP )VP )S )SBAR . )SINV  STOP
(SINV (S (NP Mrs. Thatcher )NP `` (VP does n't (VP like (S (VP taking (NP orders )NP (PP from (NP foreigners )NP )PP )VP )S )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP economist )NP (PP with (NP *UNKC & National Holding PLC )NP )PP )NP )NP . )SINV  STOP
(S (SBAR As (S (NP Conservatives )NP (VP rally (PP around (NP Mrs. Thatcher )NP )PP (PP during (NP the crisis )NP )PP )VP )S )SBAR , (NP many )NP (VP *UNK (NP hopes (SBAR (S (NP (NP last week 's )NP *UNK )NP (VP will (VP prompt (NP change )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP wo n't (VP have (NP (NP any more )NP (PP of (NP this *UNK behavior )NP )PP )NP )VP )VP )S , '' (VP says )VP (NP (NP Sir Peter *UNKC )NP , (NP (NP a *UNK *UNKC member )NP (PP of (NP Parliament )NP )PP )NP )NP . )SINV  STOP
(S `` (NP The party )NP (VP is (VP fed (PRT up )PRT (PP with (NP (NP *UNK )NP (PP of (NP good people )NP )PP )NP )PP )VP )VP . '' )S  STOP
(S (NP It )NP (VP 's (NP an *UNK *UNK )NP )VP . )S  STOP
(S (ADVP (ADVP (ADVP As long )ADVP (PP as (NP a decade )NP )PP )ADVP ago )ADVP , (NP Mrs. Thatcher )NP (VP declared (SBAR (S (S (NP she )NP (VP did n't (VP want (NP debate )NP (PP in (NP her cabinet )NP )PP )VP )VP )S ; (S (NP she )NP (VP wanted (NP strong government )NP )VP )S )S )SBAR )VP . )S  STOP
(S (PP Over (NP the weekend )NP )PP , (NP she )NP (VP (VP said (SBAR (S (NP she )NP (VP did n't (VP intend (S (VP to (VP change (NP her style )NP )VP )VP )S )VP )VP )S )SBAR )VP and (VP denied (SBAR (S (NP she )NP (VP is (ADJP *UNK )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S `` (NP *UNKC )NP , '' (NP she )NP (VP told (NP an *UNK )NP (NP yesterday )NP (PP on (NP London *UNKC Television )NP )PP )VP . )S  STOP
(S `` (NP I )NP (VP am (VP *UNKING (NP my own *UNK , reasonable *UNK )NP )VP )VP . )S  STOP
(S (NP (NP Joseph L. *UNKC )NP , (NP (NP (NP chairman )NP )NP and (NP (NP chief executive officer )NP )NP (PP of (NP *UNKC Inc. )NP )PP )NP , )NP (VP was (VP elected (PP to (NP (NP the board )NP (PP of (NP (NP directors )NP (PP of (NP this electronics manufacturer )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP He )NP (VP succeeds (NP the retiring James W. *UNKC )NP )VP . )S  STOP
(NP *UNKC Data )NP  STOP
(S (NP (NP (NP Computers )NP (SBAR (WHNP that )WHNP (S (ADVP once )ADVP (VP were (NP (NP the state )NP (PP of (NP the art )NP )PP )NP )VP )S )SBAR )NP , (NP (NP The *UNK )NP (VP bought (ADVP (NP three years )NP ago )ADVP )VP )NP , )NP (VP Are (ADVP now )ADVP (ADJP *UNK )ADJP )VP . )S  STOP
(S (SBAR As (S (NP we )NP (VP (ADVP *UNKLY )ADVP start (NP (NP The search )NP (PP for (NP *UNK )NP )PP )NP )VP )S )SBAR , (NP we )NP (VP know (SBAR (S (NP (NP The new one )NP (SBAR (S (NP we )NP (VP purchase (PP in (NP hopes (SBAR (S (NP it )NP (VP will (VP do )VP )VP )S )SBAR )NP )PP , (PP Despite (NP (NP every wonder )NP (SBAR (WHNP that )WHNP (S (VP 's (VP stated )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )NP , (VP Means (UCP (NP more speed )NP , (NP more graphics )NP , (NP more memory )NP , (ADVP too )ADVP , But (ADJP (ADVP also )ADVP (ADVP more quickly )ADVP out - dated )ADJP )UCP )VP )S )SBAR )VP ! )S  STOP
(NP -- *UNKC *UNKC . )NP  STOP
(NP *UNKING *UNKC )NP  STOP
(S (S (NP I )NP (VP know (SBAR (SBAR (WHADVP when )WHADVP (S (NP dividends )NP (VP are (ADJP due )ADJP )VP )S )SBAR ; (SBAR (WHADVP When )WHADVP (S (NP bonds )NP (VP should (VP be (VP retired )VP )VP )VP )S )SBAR )SBAR )VP )S ; (S But (SBAR (WHNP what )WHNP (S (VP gets (PP by (NP me )NP )PP (ADVP every time )ADVP )VP )S )SBAR (VP Is (SQ has (NP the milk )NP (VP expired )VP ? )SQ )VP )S )S  STOP
(NP -- Ralph *UNKC . )NP  STOP
(NP *UNKC )NP  STOP
(NP (NP *UNKING )NP : (NP (NP *UNKC )NP (PP to (NP *UNK- *UNKC )NP )PP )NP . )NP  STOP
(NP -- *UNKC *UNKC . )NP  STOP
(S (NP *UNKC )NP (VP May Not (VP *UNKC (SBAR (WHADVP When )WHADVP (S (NP *UNKC )NP (VP Do (NP *UNKC )NP )VP )S )SBAR )VP )VP )S  STOP
(S (SBAR (WHADVP *UNKC )WHADVP (S (NP *UNKC )NP (VP take (PRT on )PRT (NP more *UNK )NP )VP )S )SBAR , (NP they )NP (VP tend (S (VP to (VP substitute (PP for (NP (NP *UNK )NP (VP done (PP (PP by (NP the kids )NP )PP (CONJP rather than )CONJP (PP by (NP the wife )NP )PP )PP )VP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC Corp. researchers *UNKC *UNKC and *UNKC *UNKC )NP (VP *UNKED (NP (NP a large *UNK )NP (PP of (NP (NP married women )NP (PP with (NP (NP (QP at least one )QP child )NP (PP at (NP home )NP )PP (PP between (NP (NP the *UNK )NP (PP of (NP six and 18 )NP )PP )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The women )NP (VP indicated (NP (SBAR (WHNP which family member )WHNP (S (ADVP usually )ADVP (VP did (NP various household *UNK )NP )VP )S )SBAR and (NP (NP the *UNK share )NP (SBAR (S (NP each )NP (VP did )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (ADVP Not unexpectedly )ADVP , (NP *UNK )NP , (SBAR whether (S (ADJP working or *UNKING )ADJP )S )SBAR , (VP did (NP (NP (ADVP by far )ADVP the most )NP -- (NP (NP (NP (QP about 80 )QP % )NP (PP of (NP the shopping , *UNK and *UNKING )NP )PP )NP , and (NP (NP (QP about two-thirds )QP )NP (PP of (NP (NP *UNKING )NP , (S (VP *UNKING (NP *UNK )NP )VP )S , (NP child care )NP and (NP family paper work )NP )NP )PP )NP )NP )NP )VP . )S  STOP
(SINV (PP (ADVP Only )ADVP for (NP (NP *UNK )NP and (NP home maintenance )NP )NP )PP did (NP women )NP (VP do (NP (NP less )NP (PP than (NP half )NP )PP )NP )VP . )SINV  STOP
(S But (NP the researchers )NP (VP found (SBAR that (S (SBAR while (S (NP (NP children 's )NP household tasks )NP (VP eased (NP (NP the mother 's )NP burden )NP (ADVP *UNKLY )ADVP )VP )S )SBAR , (NP (NP the husband 's )NP helping hand )NP `` (VP appears (S (VP (VP to (VP *UNK (NP (NP the children 's )NP load )NP (PP (ADVP almost )ADVP on (NP a *UNK- basis )NP )PP )VP )VP and (VP to (VP reduce (NP (NP the wife 's )NP responsibility )NP (ADVP only modestly )ADVP )VP )VP )VP )S )VP )S )SBAR )VP . '' )S  STOP
(S (NP This pattern )NP (VP was (ADJP particularly evident )ADJP (PP among (NP (ADJP more highly *UNKED )ADJP couples )NP )PP )VP . )S  STOP
(S (PP In (NP these families )NP )PP , (NP *UNK )NP (VP took (PRT on )PRT (NP (NP (ADJP (NP 80 % )NP more )ADJP *UNK )NP (SBAR than (FRAG (PP in (NP (NP couples )NP (PP with (NP only *UNK school education )NP )PP )NP )PP )FRAG )SBAR )NP )VP . )S  STOP
(S But (NP (NP the kids )NP (PP with (NP (ADJP highly *UNKED )ADJP parents )NP )PP )NP (VP did (NP (NP (ADJP (NP 68 % )NP less )ADJP *UNK )NP (PP than (NP (NP those )NP (PP in (NP *UNKED families )NP )PP )NP )PP )NP )VP . )S  STOP
(S `` (NP (NP It )NP )NP (VP is (ADJP clear )ADJP (PRN , '' (S (NP Ms. *UNKC )NP (VP says )VP )S , )PRN `` (SBAR that (S (NP (NP most )NP (PP of (NP (NP the effect )NP (PP of (NP increasing education )NP )PP )NP )PP )NP (VP has (VP been (S (VP to (VP shift (SBAR (WHNP who )WHNP (S (VP is (VP helping (NP the *UNK )NP )VP )VP )S )SBAR )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Her share )NP (VP (VP *UNK )VP , but (VP (ADVP only slightly )ADVP )VP )VP . '' )S  STOP
(S (NP *UNKING Home *UNKC )NP (ADJP *UNKC (S (VP to (VP *UNK (NP Private *UNKC )NP )VP )VP )S )ADJP )S  STOP
(S (S (NP (NP (ADJP *UNKC *UNKC )ADJP elderly *UNKING home residents )NP )NP (VP *UNK (NP themselves )NP (SBAR than (S (VP was (ADVP previously )ADVP (VP believed )VP )VP )S )SBAR )VP )S , (NP two recent studies )NP (VP *UNK )VP . )S  STOP
(S (NP State governments )NP (VP place (NP (ADJP very low )ADJP *UNK )NP (PP on (SBAR (SBAR (WHADVP how much property )WHADVP (S (NP people )NP (VP may (VP own )VP )VP )S )SBAR or (SBAR (WHADVP how much income )WHADVP (S (NP they )NP (VP may (VP keep )VP )VP )S )SBAR (SBAR if (S (NP they )NP (VP want (NP (NP *UNK help )NP (PP on (NP medical bills )NP )PP )NP )VP )S )SBAR )SBAR )PP )VP . )S  STOP
(S (NP *UNKC wisdom )NP (VP has (ADVP long )ADVP (VP held (SBAR that (S (NP (NP (QP anywhere from *UNK- to *UNK- )QP )NP (PP of (NP all elderly long-term care patients )NP )PP )NP (VP are (VP *UNKED (S (VP to (VP spend (NP themselves )NP (PP into (NP poverty )NP )PP (PP before (S (VP *UNKING (PP for (NP Medicaid assistance )NP )PP )VP )S )PP )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S But (NP (NP separate reports )NP (PP from (NP (NP (NP *UNKC *UNKC and *UNKC *UNKC )NP (PP of (NP the *UNKC *UNKC )NP )PP )NP and (NP (NP *UNKC *UNKC )NP (PP of (NP the Urban Institute )NP )PP )NP )NP )PP )NP (VP find (SBAR that (S (NP `` (NP a (ADJP surprisingly small )ADJP proportion )NP '' (PRN -- (NP (QP only about 10 )QP % )NP -- )PRN (PP of (NP residents )NP )PP )NP (VP (VP start (ADVP out )ADVP (PP as (NP private *UNK )NP )PP )VP but (VP `` spend (PRT down )PRT '' (PP to (NP Medicaid levels )NP )PP (PP in (NP a single *UNKING home stay )NP )PP (SBAR before (S (NP they )NP (VP (VP die )VP or (VP are (VP *UNKED )VP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S -LRB- (NP (NP Another one-third )NP )NP (VP are (ADVP already )ADVP (PP on (NP Medicaid )NP )PP (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP enter (NP the *UNKING homes )NP )VP )S )SBAR , (NP (NP a (ADJP considerably higher )ADJP proportion )NP (SBAR than (S (NP the analysts )NP (VP anticipated )VP )S )SBAR )NP )VP . -RRB- )S  STOP
(S But (NP (NP a (ADJP *UNKLY high )ADJP percentage )NP (PRN -- (NP (QP over half )QP )NP -- )PRN )NP (VP are (NP private *UNK )NP (PP throughout (NP (NP their stay )NP , even (NP a (ADJP fairly lengthy )ADJP one )NP )NP )PP )VP . )S  STOP
(S (NP (QP About one-third )QP )NP (VP pay (PP out (PP of (NP their own *UNK )NP )PP )PP , (SBAR while (S (NP the rest )NP (VP are (VP covered (ADVP throughout )ADVP (PP by (NP (NP *UNKC )NP , (NP private insurers )NP or (NP the *UNKC Administration )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Both reports )NP (VP are (VP based (PP on (NP (NP (QP several thousand )QP patients )NP (VP *UNKED (PP in (NP a 1985 nationwide government survey )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (NP The *UNKC and Urban Institute *UNK )NP (VP caution , (ADVP however )ADVP , (SBAR that (S (S (NP most nursing home *UNK )NP (VP are (PP of (NP (ADJP *UNKLY short )ADJP *UNK )NP )PP )VP )S , and (S (S (VP reaching (NP the Medicaid level )NP )VP )S (VP is (ADJP more likely )ADJP (PP with (NP (NP an (ADJP unusually long )ADJP stay )NP or (NP repeated *UNK )NP )NP )PP )VP )S )S )SBAR )VP . )S  STOP
(S (ADVP Moreover )ADVP (PRN , (S (NP they )NP (VP note )VP )S , )PRN (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP manage (S (VP to (VP pay (NP their own way )NP )VP )VP )S )VP )S )SBAR )NP (ADVP often )ADVP (VP do (ADVP so )ADVP (PP (ADVP only )ADVP by (S (VP (VP selling (NP their homes )NP )VP , (VP using (PRT up )PRT (NP life savings )NP )VP or (VP drawing (ADVP heavily )ADVP (PP on (NP (NP children )NP and (NP other *UNK )NP )NP )PP )VP )VP )S )PP )VP . )S  STOP
(S (NP Reagan *UNKC Young )NP (VP *UNKC (NP *UNKC *UNKC )NP )VP )S  STOP
(S (NP (NP THE *UNKC generation young men and women )NP (VP reaching (NP political maturity )NP (PP during (NP (NP Ronald Reagan 's )NP presidency )NP )PP )VP )NP -- (VP are (ADJP firmly liberal (PP on (NP race and *UNK )NP )PP )ADJP , (PP according (PP to (NP (NP *UNKC )NP , (NP (NP the social science research center )NP (PP at (NP (NP the University )NP (PP of (NP Chicago )NP )PP )NP )PP )NP )NP )PP )PP )VP . )S  STOP
(S (NP Many political analysts )NP (VP have (VP speculated (SBAR that (S (NP the Reagan years )NP (VP would (VP produce (NP a (ADJP *UNKLY conservative )ADJP younger generation )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP *UNKC 's )NP (ADJP most recent )ADJP opinion surveys )NP (VP find (S (NP the *UNK adults )NP (ADVP indeed )ADVP (ADJP (ADJP (ADVP somewhat more )ADVP *UNK- and *UNK- )ADJP (PP than (NP other adults )NP )PP )ADJP )S )VP . )S  STOP
(S But , (SINV (VP says )VP (NP chief *UNK Tom Smith )NP )SINV , (NP this )NP `` (VP does not (VP *UNK (PP (PP into (NP (NP support )NP (PP for (NP *UNK )NP )PP (PP in (ADJP general )ADJP )PP )NP )PP or (PP into (NP (NP conservative positions )NP (PP on (NP (UCP *UNK and (NP civil rights )NP )UCP issues )NP )PP )NP )PP )PP )VP )VP . '' )S  STOP
(S (NP (NP *UNKC )NP (PP to (NP (NP a dozen questions )NP (PP in (NP the 1986 , 1987 , 1988 and 1989 national surveys )NP )PP )NP )PP )NP (VP reveal (SBAR that (S (NP (NP men and women )NP (PP in (NP the (QP 18 to 24 )QP age *UNK )NP )PP )NP (VP are (ADJP (ADJP (ADVP considerably more )ADVP liberal )ADJP (PP on (NP race and *UNK )NP )PP (SBAR than (SINV (VP were )VP (NP (NP the (QP 18 to 24 )QP year *UNK )NP (PP in (NP (NP *UNKC 's )NP *UNKING )NP )PP (PP in (NP the (NX (NX early 1970s )NX and (NX early 1980s )NX )NX )NP )PP )NP )SINV )SBAR )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP were (ADVP also )ADVP (ADJP (ADJP (ADJP as liberal )ADJP )ADJP or (ADJP (ADJP more liberal )ADJP )ADJP (PP than (NP (NP any other age group )NP (PP in (NP the 1986 through 1989 surveys )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (PP For (NP example )NP )PP , (NP (NP 66 % )NP (PP of (NP (NP the (QP 18 to 24 )QP year *UNK )NP (PP in (NP the four latest surveys )NP )PP )NP )PP )NP (VP favored (NP (NP an `` open housing '' law )NP (VP *UNKING (NP homeowners )NP (PP from (S (VP *UNKING (PP on (NP racial grounds )NP )PP (S (VP to (VP sell (PP to (NP prospective buyers )NP )PP )VP )VP )S )VP )S )PP )VP )NP )VP . )S  STOP
(S (NP That )NP (VP compares (PP with (NP (NP (NP 58 % )NP (PP of (NP the similar age group )NP )PP (PP in (NP the 1980 through 1982 surveys )NP )PP )NP and (NP (NP 55 % )NP (PP in (NP the 1972 through 1975 surveys )NP )PP )NP )NP )PP )VP . )S  STOP
(S (S (VP Asked (SBAR whether (S (NP they )NP (VP agreed or *UNKED (PP with (NP the claim (SBAR that (S (NP men )NP (VP are (ADVP *UNKLY )ADVP (VP (ADVP (ADVP better )ADVP )ADVP *UNKED (PP to (NP politics )NP )PP (PP than (NP women )NP )PP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP )S , (NP (NP 70 % )NP (PP of (NP the Reagan generation )NP )PP )NP (VP *UNKED , (PP compared (PP with (NP (NP (QP under 60 )QP % )NP (PP of (NP younger men and women )NP )PP (PP in (NP the earlier years )NP )PP )NP )PP )PP )VP . )S  STOP
(NP *UNKC and *UNKC )NP  STOP
(S (S (NP (ADJP *UNKC and *UNKED )ADJP men and women )NP (VP are (ADJP (ADJP (ADVP far more )ADVP likely (S (VP to (VP be (NP *UNK )NP )VP )VP )S )ADJP (PP than (NP married *UNK )NP )PP )ADJP )VP )S , (NP (NP the *UNKC )NP (PP for (NP *UNKC Control )NP )PP )NP (VP *UNK )VP ... . )S  STOP
(S (S (NP *UNKC students )NP (VP are (VP taking (ADVP (ADVP longer )ADVP (PP than (ADVP ever )ADVP )PP )ADVP (S (VP to (VP get (NP (NP their doctor )NP (PP of (NP philosophy *UNK )NP )PP )NP )VP )VP )S )VP )VP )S , (NP the National Research Council )NP (VP says )VP . )S  STOP
(S (NP It )NP (VP estimates (SBAR (S (NP (NP the time )NP (PP between (NP (NP college *UNK )NP and (NP (NP the *UNKING )NP (PP of (NP a *UNKC D. )NP )PP )NP )NP )PP )NP (VP has (VP *UNKED (PP by (NP 30 % )NP )PP (PP over (NP the past 20 years )NP )PP , (PP with (S (NP the average gap )NP (ADVP now )ADVP (VP ranging (PP (PP from (NP (NP (QP about *UNKN )QP years )NP (PP in (NP the physical *UNK )NP )PP )NP )PP (PP to (NP (NP *UNKN years )NP (PP in (NP education )NP )PP )NP )PP )PP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP October )NP (VP was (NP an *UNK month )NP (PP for (NP (NP the *UNK )NP (PP of (NP (NP glasnost )NP , (NP (NP the official Soviet policy )NP (PP of (S (VP allowing (NP (NP more *UNK )NP (PP from (NP (NP the nation 's )NP media )NP )PP )NP )VP )S )PP )NP )NP )PP )NP )PP )VP . )S  STOP
(S (PP For (NP (NP (NP one )NP (PP of (NP (NP the *UNK )NP (PP of (NP glasnost )NP )PP )NP )PP )NP , (NP (NP *UNKLY *UNKC )NP , (NP (NP editor )NP (PP of (NP the *UNKING weekly *UNKC )NP )PP )NP )NP )NP )PP , (NP (NP Friday )NP , (NP Oct. 20 )NP )NP (VP was (NP (NP a *UNKING day )NP (SBAR (WHNP that )WHNP (S (VP turned (PP from (NP tension )NP )PP (PP to (NP *UNK )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP He )NP (VP had (VP been (VP *UNKED (PP to (NP (NP the Central Committee )NP (PP of (NP the Soviet Communist Party )NP )PP )NP )PP , (SBAR after (S (NP he )NP (VP finished (NP (NP (NP his lunch )NP (PP at (NP the *UNKC Hotel )NP )PP )NP , (NP (NP an unlikely *UNK )NP (PP to (NP a *UNK *UNKING )NP )PP )NP (PRN : (S (NP *UNKC (ADJP *UNKLY *UNKED )ADJP *UNK )NP (VP float (PP on (NP their *UNK )NP )PP (PP toward (NP (NP a ceiling )NP (VP *UNKING (PP with (NP (NP *UNK )NP , (VP all (VP *UNKED (PP by (NP (NP *UNK )NP (VP laid (PRT on )PRT (PP with (NP (NP a *UNK *UNK 's )NP *UNK )NP )PP )VP )NP )PP )VP and (VP supported (PP by (NP (NP *UNK *UNK columns )NP (SBAR (WHNP whose *UNK )WHNP (S (VP are (NP (NP *UNKING *UNK )NP (PP of (NP gold )NP )PP )NP )VP )S )SBAR )NP )PP )VP )VP )NP )PP )VP )NP )PP )VP )S )PRN )NP )VP )S )SBAR )VP )VP )VP . )S  STOP
(SBARQ (WHADVP Why )WHADVP (S had (NP Mr. *UNKC )NP (VP been (VP called )VP )VP )S ? )SBARQ  STOP
(S `` (S (NP I )NP (VP told (NP my *UNK )NP (PRN , '' (S (NP he )NP (VP said )VP )S , )PRN `` (SBAR that (S (NP he )NP (VP was (VP taking (NP my *UNK )NP (PP to (NP the Central Committee )NP )PP (SBAR so (S (NP they )NP (VP can )VP )S )SBAR )VP )VP )S )SBAR )VP )S ... '' (S (INTJ *UNK , *UNK , *UNK )INTJ (NP his hand )NP (VP made (NP vigorous *UNKING *UNK )NP (PP on (NP his left *UNK )NP )PP )VP )S . `` )S  STOP
(S (NP They )NP (VP feel (NP the need )NP (PP (PP from (NP time )NP )PP (PP to (NP time )NP )PP )PP (S (VP to (VP ` *UNK ' (NP me )NP )VP )VP )S )VP . '' )S  STOP
(S And (ADVP indeed )ADVP , (SBAR as (S (NP he )NP (ADVP later )ADVP (VP reported )VP )S )SBAR , (NP that )NP (VP was (NP (NP the import )NP (PP of (NP the meeting )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC allies )NP (PP of (NP President Mikhail Gorbachev )NP )PP )NP (VP are (VP *UNKING (S (NP media leaders )NP (VP (VP to (VP take (NP it )NP (ADVP easy )ADVP )VP )VP , (VP to (VP be (ADJP careful (S not (VP to (VP do (NP (NP anything )NP (SBAR (WHNP that )WHNP (S (VP could (VP be (VP used (PP by (NP (NP Mr. Gorbachev 's )NP opponents )NP )PP )VP )VP )VP )S )SBAR )NP )VP )VP )S )ADJP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP The government )NP (VP is (ADJP nervous )ADJP )VP . )S  STOP
(S (PP According (PP to (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP was (ADJP present )ADJP )VP )S )SBAR , )NP )PP )PP (NP (NP (NP Mr. Gorbachev 's )NP *UNKED *UNKING )NP (PP of (NP the press )NP )PP (PP on (NP Oct. 13 )NP )PP )NP (VP was (NP (NP more )NP (PP of (NP (NP a plea )NP : `` (S (S (VP *UNK (ADJP careful )ADJP (NP *UNK )NP )VP )S ; (S (VP use (NP good judgment )NP )VP )S )S )NP )PP )NP )VP . )S  STOP
(S (NP We )NP (VP 're (VP standing (PP in (NP gasoline )NP )PP , (SBAR so (S (VP do n't (VP smoke )VP )VP )S )SBAR )VP )VP ! '' )S  STOP
(S (NP (UCP U.S. and (ADJP northern European )ADJP )UCP *UNK )NP (VP confirm (NP (NP Mr. *UNKC 's )NP assessment (SBAR that (S (NP glasnost )NP (VP is (PP in (NP no immediate danger )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (NP fact )NP )PP , (NP a (ADJP very *UNKING )ADJP Soviet official )NP (VP told (NP an American official )NP (PP at (NP a *UNK dinner )NP )PP (SBAR that (S (NP (NP no change )NP (PP in (NP the policy )NP )PP )NP (VP was (VP *UNKED )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The day )NP (PP after (NP (NP that conversation )NP (PP at (NP (NP the *UNK )NP (PP of (NP the U.S. *UNK )NP )PP )NP )PP )NP )PP )NP , (NP (NP (NP the *UNKC editor )NP (PP of (NP *UNKC )NP )PP )NP , (NP *UNKC *UNKC )NP , )NP (VP was (VP replaced (PP by (NP (NP a college *UNK )NP (PP of (NP Mr. Gorbachev 's )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC *UNK )NP (VP have (NP (NP (NP more )NP )NP (SBAR (S (VP to (VP fear (PP from (NP Mr. Gorbachev )NP )PP )VP )VP )S )SBAR (PP than (NP (NP the *UNK *UNKING )NP (SBAR (S (NP he )NP (VP gave (PP to (NP the press )NP )PP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (PP At (NP (NP the end )NP (PP of (NP (NP the very week )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP Mr. Korotich )NP (VP was (VP called (PP to (NP the Central Committee )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP , (NP *UNKC )NP (VP was (ADVP again )ADVP (VP *UNKING (NP its independence )NP (PP by (S (VP printing (NP (NP a poll )NP (SBAR (WHNP that )WHNP (S (VP showed (SBAR that (S (NP (NP (NP 35 % )NP (PP of (NP the Soviet population )NP )PP )NP , (NP a *UNK )NP , )NP (VP believed (SBAR that (S (NP (NP (NP Mr. Gorbachev 's )NP economic reforms )NP , (NP perestroika )NP , )NP (VP would (VP result (PP in (NP only *UNK change )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP (NP A good *UNK )NP (PP of (NP (NP the popularity )NP (PP of (NP (NP *UNK- *UNK )NP (PP like (NP *UNKC )NP )PP )NP )PP )NP )PP )NP (VP is (NP circulation )NP )VP . )S  STOP
(S (S (SBAR (WHADVP When )WHADVP (S (NP Mr. Korotich )NP (VP took (NP it )NP (PRT over )PRT (PP in (NP 1986 )NP )PP )VP )S )SBAR , (NP it )NP (VP sold (NP 250,000 copies )NP )VP )S ; (S (NP today )NP (NP it )NP (VP sells (NP (QP 3.4 million )QP )NP )VP )S . )S  STOP
(S (NP *UNKC )NP , (ADVP meanwhile )ADVP , (VP has (VP retained (NP (NP (QP only 57 )QP % )NP (PP of (NP its 1986 *UNK )NP )PP )NP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP has (VP made (NP *UNK )NP (PP of (NP (NP men )NP (PP like (NP Mr. Korotich )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (VP *UNKED (PP by (NP the Communist Party )NP )PP (PP from (S (VP getting (PP on (NP (NP its slate )NP (PP of (NP (NP *UNK )NP (PP for (NP the new Supreme Soviet )NP )PP )NP )PP )NP )PP )VP )S )PP )VP )S , (NP he )NP (VP (VP stood (PP as (NP (NP an independent candidate )NP (PP for (NP Congress )NP )PP (PP from (NP his native *UNKC )NP )PP )NP )PP )VP and (VP won (PP with (NP (NP *UNK % )NP (PP of (NP the vote )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The same evening )NP (SBAR (WHNP that )WHNP (S (NP he )NP (VP was (VP *UNKED (PP for (NP (NP a warning )NP (PP from (NP the Party )NP )PP )NP )PP )VP )VP )S )SBAR )NP , (NP he )NP (VP was (VP *UNKED (PP by (NP (NP thousands )NP (PP of (NP his supporters )NP )PP )NP )PP (PP at (NP (NP a rally )NP (PP of (SBAR (WHNP what )WHNP (S (VP can (ADVP only )ADVP (VP be (VP called (S (NP the Korotich party )NP )S )VP )VP )VP )S )SBAR )PP )NP )PP )VP )VP . )S  STOP
(S But (S (ADJP (ADJP as *UNKING )ADJP (SBAR as (S (NP (NP the changes )NP (SBAR (WHNP that )WHNP (S (VP have (ADVP already )ADVP (VP occurred )VP )VP )S )SBAR )NP (VP are )VP )S )SBAR )ADJP )S , (NP there )NP (VP is (NP a *UNK )NP (PP to (NP glasnost )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP is n't (NP a *UNKC *UNK )NP )VP . )S  STOP
(S (NP The *UNK )NP (VP were (NP no civil *UNK )NP )VP . )S  STOP
(S (ADVP (ADVP As late )ADVP (PP as (NP the *UNK )NP )PP )ADVP , (NP the Russian government )NP (VP prevented (NP (NP any coverage )NP (PP of (NP *UNK )NP )PP )NP )VP . )S  STOP
(S (NP It )NP (ADVP even )ADVP (VP *UNKED (S (NP newspapers )NP not (VP to (VP publish (NP (NP anything )NP (SBAR (WHNP that )WHNP (S (VP might (VP *UNK (NP (NP the honor )NP (PP of (NP (NP the *UNKC *UNK 's )NP *UNK )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S So (NP glasnost )NP (VP is not (NP (NP a value )NP (VP *UNK (PP with (NP steel *UNK )NP )PP (PP into (NP (NP the *UNK )NP (PP of (NP Russian society )NP )PP )NP )PP )VP )NP )VP . )S  STOP
(S (NP It )NP (VP is (NP (NP an *UNK public relations program )NP (VP *UNKED (PP by (NP a single political leader )NP )PP (PP during (NP (NP a four-year *UNK )NP (PP of (NP history )NP )PP )NP )PP )VP )NP )VP . )S  STOP
(S (NP It )NP (VP is (NP (NP public relations )NP (PP of (NP the highest *UNK )NP )PP , (SBAR (WHNP that )WHNP (S (VP *UNK (SBAR that (S (NP credibility )NP (VP is (VP enhanced (PP by (NP *UNK )NP )PP -- (PP up (PP to (NP a point )NP )PP )PP )VP )VP )S )SBAR )VP )S )SBAR )NP )VP . )S  STOP
(SBARQ (WHNP What )WHNP (SINV is (NP that point )NP )SINV ? )SBARQ  STOP
(SQ Will (NP *UNKC )NP (VP begin (NP (NP a series )NP (PP of (NP (NP reports )NP (VP *UNKING (NP (NP the failures )NP (PP of (NP perestroika )NP )PP )NP )VP )NP )PP )NP )VP ? )SQ  STOP
(SINV `` (S (NP I )NP (VP 'd (VP be (VP *UNKING (NP myself )NP )VP )VP )VP )S , '' (VP *UNK )VP (NP (NP Mr. Korotich )NP , (SBAR (WHNP who )WHNP (S (ADVP then )ADVP (VP asks , `` (SBARQ (WHNP What )WHNP (SINV would (NP that )NP (VP accomplish )VP )SINV ? )SBARQ )VP )S )SBAR )NP )SINV  STOP
(S '' (S (NP His answer )NP (VP *UNK (NP his *UNK )NP )VP )S -- (S (NP it )NP (ADVP also )ADVP (VP *UNK (NP (NP the line )NP (SBAR (WHNP that )WHNP (S (NP Soviet society )NP (VP must (VP cross (S (VP to (VP enter (NP (NP the normal dialogue )NP (PP of (NP Western culture )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP )S . )S  STOP
(S (NP It )NP (VP is (NP (NP the line )NP (SBAR (WHPP beyond (WHNP which )WHNP )WHPP (S (NP the press )NP (VP can (VP report (PP (CONJP not only )CONJP (PP on (NP (NP the bankruptcy )NP (PP of (NP factories )NP )PP )NP )PP but (PP on (NP (NP the failures )NP (PP of (NP even *UNK leaders )NP )PP )NP )PP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (NP (NP editor and publisher )NP (PP of (NP the (NAC *UNKC , *UNKC , )NAC Star )NP )PP )NP )VP . )S  STOP
(S (NP (NP A state trial judge )NP (PP in (NP Illinois )NP )PP )NP (VP gave (NP preliminary approval )NP (PP to (NP (NP a proposed settlement )NP (PP of (NP (NP a suit )NP (PP against (NP (NP a (NAC Bank (PP of (NP New York Co. )NP )PP )NAC unit )NP , (NP Irving Trust Co. )NP , )NP )PP (PP over (NP (NP the interest rates )NP (PP on (NP (NP Irving 's )NP former One Wall Street *UNKC money-market deposit accounts )NP )PP )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Judge Albert Green )NP , (PP in (NP (NP *UNKC County Circuit Court )NP (PP in (NP Chicago )NP )PP )NP )PP , )NP (ADVP also )ADVP (VP recognized (NP (NP the suit )NP , (VP filed (NP last May )NP (PP by (NP Robert and *UNKC *UNKC )NP )PP )VP )NP , (PP as (NP (NP a class action )NP (VP covering (NP (NP thousands )NP (PP of (NP Irving customers )NP )PP )NP )VP )NP )PP )VP . )S  STOP
(S (NP The plaintiffs )NP (VP accused (NP Irving )NP (PP of (S (VP paying (NP (NP less interest )NP (SBAR than (S (VP promised (PP in (NP a marketing *UNK )NP )PP )VP )S )SBAR )NP )VP )S )PP )VP . )S  STOP
(S (NP Irving )NP (VP maintained (PRN -- and (ADVP still )ADVP (VP does )VP -- )PRN (SBAR that (S (NP its actions )NP (VP were (ADJP proper )ADJP (PP under (NP (NP its account agreements )NP (PP with (NP customers )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP Under (NP the proposed settlement )NP )PP , (NP (NP customers )NP (PP with (NP (NP valid claims )NP -- (SBAR (S (VP to (VP be (VP submitted (PP by (NP Dec. 15 )NP )PP )VP )VP )VP )S )SBAR -- )NP )PP )NP (VP will (VP receive (NP `` (NP valuable bank services )NP , '' (PP such as (NP (NP credit cards )NP (PP with (NP reduced finance charges )NP )PP )NP )PP )NP , (PP for (NP two years )NP )PP )VP )VP . )S  STOP
(S (NP (NP Larry *UNKC )NP , (NP (NP attorney )NP (PP for (NP the plaintiffs )NP )PP )NP , )NP (VP valued (NP the settlement )NP (PP at (NP (QP between $ 6 million and $ 8 million )QP )NP )PP )VP . )S  STOP
(S (NP (NP (NP A (NAC Bank (PP of (NP New York )NP )PP )NAC spokesman )NP (PP in (NP Manhattan )NP )PP )NP , (NP *UNKC Brady )NP , )NP (VP said , `` (S (NP That )NP (VP 's (NP the maximum , outside figure )NP )VP )S )VP . )S  STOP
(S (NP Federal Reserve critics )NP (VP used (S (VP to (VP complain (PP of (NP `` (ADJP stop and go )ADJP '' monetary policies )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP They )NP (VP claimed (SBAR that (S (NP the Fed )NP (VP would (VP (VP (ADVP first )ADVP give (NP a green light )NP (PP to (NP the economy )NP )PP (PP by (S (VP making (S (NP credit )NP (ADJP readily available )ADJP )S )VP )S )PP )VP and (VP (ADVP then )ADVP (VP turn (PRT on )PRT (NP the red )NP )VP and (VP bring (NP growth )NP (PP to (NP a *UNKING halt )NP )PP )VP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S But (PP under (NP Alan Greenspan )NP )PP (NP that )NP (VP has (VP changed )VP )VP . )S  STOP
(S (S (NP A (ADJP *UNKLY cautious )ADJP man )NP )S , (NP the Fed chairman )NP (VP is (ADVP *UNK )ADVP (VP *UNKING (ADJP *UNK )ADJP )VP )VP . )S  STOP
(S (ADVP Indeed )ADVP , (NP his caution )NP (VP has (VP become (ADJP *UNK )ADJP (PP within (NP the government )NP )PP )VP )VP . )S  STOP
(S (NP He )NP (VP *UNK (ADVP *UNKLY )ADVP (PP over (NP economic statistics )NP )PP , (S (VP *UNKING (NP them )NP (PP in (NP (NP dozens )NP (PP of (NP ways )NP )PP )NP )PP )VP )S , (S (VP *UNKING (PP for (NP hours )NP )PP (PP in (NP (NP search )NP (PP of (NP potential problems )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (S (PP After (S (VP (ADVP *UNKLY )ADVP *UNKING (NP (NP *UNK )NP (PP of (NP information )NP )PP )NP )VP )S )PP , (NP he )NP (ADVP often )ADVP (VP concludes (SBAR that (S (NP more data )NP (VP are (VP needed )VP )VP )S )SBAR )VP )S , and (S (SBAR (WHADVP when )WHADVP (S (NP he )NP (ADVP finally )ADVP (VP decides (S (VP to (VP act )VP )VP )S )VP )S )SBAR , (NP his movements )NP (ADVP sometimes )ADVP (VP seem (ADJP *UNKLY small )ADJP )VP )S . )S  STOP
(S (NP Such caution )NP (VP was (ADJP evident )ADJP (PP after (NP the recent *UNKC stock market plunge )NP )PP )VP . )S  STOP
(S (NP Some Bush administration officials )NP (VP urged (NP Mr. Greenspan )NP (S (VP to (VP make (NP (NP an immediate public announcement )NP (PP of (NP his plans (S (VP to (VP provide (NP *UNK credit )NP (PP to (NP the markets )NP )PP )VP )VP )S )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S But (NP he )NP (VP refused , (S (VP claiming (SBAR that (S (NP he )NP (VP wanted (S (VP to (VP see (SBAR (WHNP what )WHNP (S (VP happened (NP Monday morning )NP )VP )S )SBAR (PP before (S (VP making (NP any public statement )NP )VP )S )PP )VP )VP )S )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP (NP Mr. Greenspan 's )NP decision (S (VP to (VP keep (NP quiet )NP )VP )VP )S )NP (VP also (VP prompted (NP (NP a *UNK- )NP (PP within (NP (NP the Fed 's )NP ranks )NP )PP )NP )VP )VP . )S  STOP
(S (NP A `` senior Fed official '' )NP (VP spoke (PP on (NP Saturday )NP )PP (PP after (NP the market *UNK )NP )PP (PP to (NP both (NP the Washington *UNKC )NP and (NP the New York Times )NP )NP )PP , (S (VP saying (SBAR (S (NP the Fed )NP (VP was (VP prepared (S (VP to (VP provide (NP (NP as much credit )NP (SBAR as (S (NP the markets )NP (VP needed )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (S (NP The statement )NP (VP *UNKED (NP Chairman Greenspan )NP )VP )S , but (S (NP it )NP (VP was (VP *UNKED (PP with (NP *UNK )NP )PP (PP by (NP (NP the Bush administration )NP and (NP the financial markets )NP )NP )PP )VP )VP )S . )S  STOP
(S And , (SBAR while (S (NP the *UNK Fed member )NP (VP has n't (VP gone (ADJP public )ADJP )VP )VP )S )SBAR , (NP (NP some Fed *UNK )NP , (NP (ADVP most notably )ADVP Vice Chairman Manuel Johnson )NP )NP , (VP are (VP known (S (VP to (VP have (VP *UNKED (PP with (NP (NP the chairman 's )NP decision (S (VP to (VP remain (ADJP *UNK )ADJP )VP )VP )S )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP (NP the *UNK official 's )NP comments )NP (VP have (VP earned (NP some *UNK )NP (PP for (NP (NP Mr. Greenspan )NP , (SBAR (WHNP who )WHNP (S (VP is (VP (ADVP *UNKLY )ADVP seen (PP as (NP the source )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (PP At (NP a hearing )NP )PP (NP last week )NP , (NP (NP Democratic Sen. *UNKC *UNKC )NP (PP of (NP Connecticut )NP )PP )NP (VP told (NP Treasury Secretary Nicholas Brady )NP (SBAR that (S `` (NP (NP (NP Chairman Greenspan 's )NP '' announcement )NP (PP over (NP the Oct. 13 weekend )NP )PP )NP (VP was (NP a `` (ADVP very important )ADVP statement )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Mr. Brady )NP (VP (ADVP *UNKLY )ADVP *UNKED (SBAR that (S (NP he )NP (VP was n't (ADJP sure (SBAR (SBAR whether (S (NP Mr. Greenspan )NP `` (VP made (NP a statement )NP (NP himself )NP )VP )S )SBAR , or (SBAR whether (S (NP that )NP (VP was (NP a newspaper report )NP )VP )S )SBAR )SBAR )ADJP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP The Fed chairman 's )NP caution )NP (VP was (ADJP apparent )ADJP (ADVP again )ADVP (PP on (NP (NP the Monday morning )NP (PP after (NP (NP the market 's )NP plunge )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP the central bank )NP (VP took (NP (NP only modest steps )NP (SBAR (S (VP to (VP aid (NP the markets )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP A (ADJP surprisingly small )ADJP amount )NP (PP of (NP reserves )NP )PP )NP (VP was (VP added (PP to (NP the banking system )NP )PP )VP )VP . )S  STOP
(S And , (PP by (NP (NP the end )NP (PP of (NP that week )NP )PP )NP )PP , (NP (NP the key federal funds interest rate )NP , (SBAR (WHNP which )WHNP (S (VP is (ADVP largely )ADVP (VP controlled (PP by (NP the Fed )NP )PP )VP )VP )S )SBAR , )NP (VP had (VP settled (PP at (NP (NP *UNKN % )NP , (VP (ADVP barely )ADVP changed (PP from (NP (NP the level )NP (PP of (NP (QP just under 9 )QP % )NP )PP (SBAR (WHNP that )WHNP (S (VP *UNKED (NP the previous week )NP )VP )S )SBAR )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (NP Bush administration officials )NP (VP appear (ADJP increasingly concerned (SBAR that (S (NP Mr. Greenspan )NP (VP is (ADJP cautious (PP to (NP a fault )NP )PP )ADJP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP (NP growing weakness )NP (PP in (NP the economy )NP )PP )NP )PP , (VP *UNKED (PP with (NP indications (SBAR that (S (NP inflation )NP (VP is (VP *UNKING (PP (ADVP well )ADVP under (NP control )NP )PP )VP )VP )S )SBAR )NP )PP )VP , )NP (VP have (VP caused (S (NP them )NP (VP to (VP wonder (SBAR (WHADVP why )WHADVP (S (NP the Fed chairman )NP (VP is (ADJP so *UNKING )ADJP (PP in (S (VP reducing (NP rates )NP )VP )S )PP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (NP Those concerns )NP (VP are n't (VP expressed (PP in (NP public )NP )PP )VP )VP . )S  STOP
(S (PP In (NP fact )NP )PP , (NP (NP the administration )NP and (NP the Fed )NP )NP (VP have (VP been (VP going (ADVP out (PP of (NP their way )NP )PP )ADVP (PP in (NP the past two weeks )NP )PP (S (VP to (VP *UNK (NP any impression (SBAR that (S (NP they )NP (VP are (PP at (NP odds )NP )PP )VP )S )SBAR )NP )VP )VP )S , (S (VP *UNKING (SBAR (S (NP (NP stories )NP (PP about (NP an *UNKED split )NP )PP )NP (VP added (PP to (NP (NP the stock market 's )NP *UNK )NP )PP )VP )S )SBAR )VP )S )VP )VP )VP . )S  STOP
(S (ADVP Still )ADVP , (NP the split )NP (VP is (ADVP there )ADVP )VP . )S  STOP
(S (NP (NP The administration 's )NP concerns )NP (VP are (ADJP *UNK )ADJP )VP . )S  STOP
(S (NP The economy )NP (VP is (VP showing (NP (NP signs )NP (PP of (NP weakness )NP )PP )NP , (PP (ADVP particularly )ADVP among (NP manufacturers )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP played (NP (NP a key role )NP (PP in (S (VP *UNKING (NP growth )NP )VP )S )PP )NP (PP over (NP the last two years )NP )PP )VP )S )SBAR , )NP (VP seem (S (VP to (VP have (VP stalled )VP )VP )VP )S )VP . )S  STOP
(S (S (NP *UNKC *UNK and production )NP (VP fell (PP in (NP September )NP )PP )VP )S , and (S (NP (NP the auto industry )NP and (NP housing )NP )NP (VP are (PP in (NP a severe crunch )NP )PP )VP )S . )S  STOP
(S But (NP Mr. Greenspan )NP (VP remains (ADJP reluctant (S (VP to (VP *UNK (NP policy )NP )VP )VP )S )ADJP , (SBAR partly because (S (NP he )NP (VP faces (NP (NP a *UNK )NP (PP of (NP (NP *UNK )NP (PP of (NP regional Fed banks )NP )PP (SBAR (WHNP who )WHNP (S (VP oppose (NP credit easing )NP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP the chairman )NP (VP has (NP (NP a wary eye )NP (VP aimed (PP (NP a year (QP or two )QP )NP down (NP the road )NP )PP )VP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP may (VP be (ADJP stable )ADJP (PP at (NP the moment )NP )PP , (S (VP running (PP at (NP (QP about 4.5 )QP % )NP )PP )VP )S )VP )VP . )S  STOP
(S But (SBAR if (S (NP the Fed )NP (VP *UNK (ADVP too soon )ADVP )VP )S )SBAR (PRN , (S (NP Mr. Greenspan )NP (VP fears )VP )S , )PRN (NP prices )NP (VP may (VP begin (S (VP to (VP *UNK (ADVP again )ADVP (NP next year )NP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP Moreover )ADVP , (SBAR if (S (NP the Fed )NP (VP holds (ADVP tight )ADVP )VP )S )SBAR , (NP it )NP (VP may (VP be (ADJP able (S (VP (ADVP *UNKLY )ADVP to (VP reduce (NP inflation )NP , (S (VP moving (PP toward (NP (NP the *UNK- goal )NP (SBAR (WHNP that )WHNP (S (NP the Fed chairman )NP (VP embraced (PP in (NP (NP testimony )NP (PP to (NP Congress )NP )PP )NP )PP (NP last week )NP )VP )S )SBAR )NP )PP )VP )S )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (ADVP So far )ADVP , (NP (NP (NP Mr. Greenspan 's )NP cautious approach )NP (PP to (NP policy )NP )PP )NP (VP has (VP served (NP both (NP him )NP and (NP the nation )NP )NP (ADVP well )ADVP )VP )VP . )S  STOP
(S (NP (NP His hand )NP (PP on (NP the monetary *UNK )NP )PP )NP (VP seems (NP (NP one reason )NP (SBAR (WHADVP why )WHADVP (S (NP (NP the economy )NP (NP next month )NP )NP (VP seems (ADJP highly likely (S (VP to (VP begin (NP (NP an unprecedented *UNK year )NP (PP of (NP *UNK growth )NP )PP (PP without (NP a recession )NP )PP )NP )VP )VP )S )ADJP )VP )S )SBAR )NP )VP . )S  STOP
(SINV `` (S (S (NP We )NP (VP 've (VP gotten (PP through (NP two stock market *UNK )NP )PP )VP )VP )S , and (S (NP we )NP (VP 've (VP gone (PP through (NP an election )NP )PP (PP without (NP any major problems )NP )PP )VP )VP )S )S , '' (VP says )VP (NP (NP David *UNKC )NP , (NP (NP an economist )NP (PP of (NP Kemper Financial Services )NP )PP )NP )NP . )SINV  STOP
(S `` (NP I )NP (VP think (SBAR (S (NP you )NP (VP have (S (VP to (VP give (NP Greenspan )NP (NP a good rating )NP )VP )VP )S )VP )S )SBAR )VP . '' )S  STOP
(S But (NP such caution )NP (VP is (NP (NP no guarantee )NP (PP against (NP mistakes )NP )PP )NP )VP . )S  STOP
(S (NP (NP The Fed 's )NP reluctance (S (VP to (VP ease (NP credit )NP )VP )VP )S )NP (ADVP now )ADVP (VP could (VP be (VP *UNKING (NP the *UNK )NP (PP for (NP (NP a new recession )NP , (VP (ADVP perhaps )ADVP starting (NP early next year )NP )VP )NP )PP )VP )VP )VP . )S  STOP
(S (SBAR If (S (NP that )NP (VP happens )VP )S )SBAR , (NP Chairman Greenspan )NP (VP could (ADVP well )ADVP (VP become (NP an open target )NP )VP )VP . )S  STOP
(S (ADVP Already )ADVP , (NP Congress )NP (VP is (VP *UNKING (PP with (NP (NP legislation )NP (SBAR (S (VP to (VP curb (NP (NP the Fed 's )NP independence )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (SBAR If (S (NP the economy )NP (VP turns (ADVP down )ADVP )VP )S )SBAR , (NP such proposals )NP (VP could (VP gain (NP strong momentum )NP )VP )VP . )S  STOP
(S (NP The following issues )NP (VP were (ADVP recently )ADVP (VP filed (PP with (NP the Securities and Exchange Commission )NP )PP )VP )VP : )S  STOP
(NP (NP *UNKC Environmental Inc. )NP , (NP (NP initial offering )NP (PP of (NP (NP (QP 1.1 million )QP shares )NP , (SBAR (WHPP of (WHNP which )WHNP )WHPP (S (S (NP *UNKC )NP (VP will (VP sell (NP (NP *UNKN )NP )NP )VP )VP )S and (S (NP *UNK- )NP (VP will (VP sell (NP (NP *UNKN shares )NP )NP )VP )VP )S )S )SBAR )NP )PP )NP , (PP via (NP Oppenheimer & Co )NP )PP . )NP  STOP
(NP (NP *UNKC Co. )NP , (NP (NP proposed offering )NP (PP of (NP 400,000 common shares )NP )PP (PP by (NP holders )NP )PP )NP , (PP via (NP (NP Robert W. *UNKC & Co. )NP and (NP William Blair & Co )NP )NP )PP . )NP  STOP
(NP (NP First Capital Holdings Corp. )NP , (NP (NP proposed offering )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP floating rate senior notes )NP )PP )NP )PP )NP , (PP via (NP Shearson Lehman Hutton Inc )NP )PP . )NP  STOP
(NP (NP Industrial Funding Corp. )NP , (NP (NP initial offering )NP (PP of (NP common stock )NP )PP )NP , (PP via (NP (NP Alex . Brown & Sons Inc. )NP and (NP *UNKC *UNKC & *UNKC )NP )NP )PP . )NP  STOP
(NP (NP *UNKC Technology Corp. )NP , (NP (NP initial offering )NP (PP of (NP (NP (QP 1.7 million )QP common shares )NP , (SBAR (WHPP of (WHNP which )WHNP )WHPP (S (S (NP (NP *UNKN shares )NP )NP (VP will (VP be (VP sold (PP by (NP the company )NP )PP )VP )VP )VP )S and (S (NP (NP *UNKN shares )NP )NP (PP by (NP holders )NP )PP )S )S )SBAR )NP )PP )NP , (PP via (NP (NP Alex Brown & Sons )NP , (NP Hambrecht & Quist )NP and (NP *UNKC , Arnold & Henderson )NP )NP )PP . )NP  STOP
(NP (NP Union *UNKC Corp. )NP , (NP (NP shelf offering )NP (PP of (NP (NP (QP up to $ 250 million )QP )NP (PP of (NP debt securities )NP )PP )NP )PP )NP . )NP  STOP
(S (NP (NP Spencer J. *UNKC )NP , (NP (NP (NP president )NP and (NP chief operating officer )NP )NP (PP of (NP this consumer and industrial products company )NP )PP )NP , )NP (VP was (VP elected (S (NP a director )NP )S )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (ADJP (NP 55 years )NP old )ADJP , )NP (VP succeeds (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP retired (PP in (NP September )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (NP (NP an age )NP (PP of (NP *UNK )NP )PP )NP )PP , (NP the federal *UNK )NP (VP is (NP (NP one )NP (PP of (NP (NP the last *UNK )NP (PP of (NP the *UNK )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP A judge )NP (VP must (VP (VP jump (PP from (NP murder )NP )PP (PP to (NP antitrust cases )NP )PP )VP , (VP (PP from (NP *UNK )NP )PP (PP to (NP securities fraud )NP )PP )VP , (PP without (S (VP missing (NP a beat )NP )VP )S )PP )VP )VP . )S  STOP
(S But (ADVP even )ADVP (PP on (NP the federal bench )NP )PP , (S (NP *UNK )NP (VP is (VP *UNKING (PRT in )PRT )VP )VP )S , and (S (NP it )NP (VP has (VP become (NP (NP a subject )NP (PP of (NP sharp controversy )NP )PP )NP (PP on (NP the *UNK federal appeals court )NP )PP )VP )VP )S . )S  STOP
(S (NP (NP The Court )NP (PP of (NP *UNKC )NP )PP (PP for (NP the Federal Circuit )NP )PP )NP (VP was (VP created (PP in (NP 1982 )NP )PP (S (VP to (VP serve , (PP among (NP other things )NP )PP , (PP as (NP (NP the court )NP (PP of (NP last resort )NP )PP )NP )PP (PP for (NP most patent disputes )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP Previously )ADVP , (NP patent cases )NP (VP moved (PP through (NP the court system )NP )PP (PP to (NP (NP one )NP (PP of (NP the 12 circuit appeals courts )NP )PP )NP )PP )VP . )S  STOP
(S (ADVP There )ADVP , (NP (NP judges )NP (SBAR (WHNP who )WHNP (S (S (VP saw (NP few such cases )NP )VP )S and (S (VP had (NP (NP no experience )NP (PP in (NP the field )NP )PP )NP )VP )S )S )SBAR )NP (VP *UNKED (PP with (NP (NP some )NP (PP of (NP (NP the (ADJP most technical and complex )ADJP disputes )NP (ADJP *UNK )ADJP )NP )PP )NP )PP )VP . )S  STOP
(S (NP A new specialty court )NP (VP was (VP sought (PP by (NP (NP patent experts )NP , (SBAR (WHNP who )WHNP (S (VP believed (SBAR that (S (NP the *UNK )NP (VP had (VP *UNKED (NP (ADJP too many )ADJP important , *UNK- cases )NP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP Some patent lawyers )NP (VP had (VP hoped (SBAR that (S (NP such a specialty court )NP (VP would (VP be (VP filled (PP with (NP (NP experts )NP (PP in (NP the field )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S But (S (NP the Reagan administration )NP (VP thought (ADVP otherwise )ADVP )VP )S , and (SINV (ADVP so )ADVP (VP may )VP (NP the Bush administration )NP )SINV . )S  STOP
(S (PP Since (NP 1984 )NP )PP , (NP the president )NP (VP has (VP filled (NP (NP four *UNK )NP (PP in (NP the Federal Circuit court )NP )PP )NP (PP with (NP *UNK- lawyers )NP )PP )VP )VP . )S  STOP
(S (ADVP Now )ADVP (NP (NP (QP only three of the 12 )QP judges )NP (PRN -- (NP (NP *UNKC *UNKC )NP , (NP (NP Chief Judge Howard T. *UNKC )NP , (NP 68 )NP )NP , and (NP (NP *UNKC Rich )NP , (NP 85 )NP )NP )NP -- )PRN )NP (VP have (NP *UNK- *UNK )NP )VP . )S  STOP
(S (NP (NP The latter two )NP and (NP (NP Judge Daniel M. *UNKC )NP , (NP 73 )NP , )NP )NP (VP are (VP *UNKING (NP (NP senior status )NP or (NP retirement )NP )NP )VP )VP . )S  STOP
(S (S (NP Three seats )NP (ADVP currently )ADVP (VP are (ADJP *UNK )ADJP )VP )S and (S (NP three others )NP (VP are (ADJP likely (S (VP to (VP be (VP filled (PP within (NP a few years )NP )PP )VP )VP )VP )S )ADJP )VP )S , so (S (NP (NP patent lawyers )NP and (NP *UNKED industries )NP )NP (VP are (VP making (NP (NP a new push )NP (PP for (NP (NP specialists )NP (SBAR (S (VP to (VP be (VP added (PP to (NP the court )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S . )S  STOP
(S (NP (NP Several organizations )NP , (PP including (NP (NP the Industrial *UNKC Association )NP and (NP the Pharmaceutical Manufacturers Association )NP )NP )PP , )NP (VP have (VP asked (NP (NP the White House )NP and (NP Justice Department )NP )NP (S (VP to (VP name (NP (NP candidates )NP (PP with (NP (UCP both patent and scientific )UCP *UNK )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP The *UNK )NP (VP would (VP like (S (NP the court )NP (VP to (VP include (NP (NP (QP between three and six )QP judges )NP (PP with (NP *UNKED training )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Some )NP (PP of (NP the associations )NP )PP )NP (VP have (VP recommended (NP (NP (NP Dr. Alan D. *UNKC )NP , (NP 54 )NP , )NP (NP (NP a former patent agent )NP (PP with (NP (NP a *UNK )NP (PP in (NP *UNK *UNK )NP )PP )NP )PP )NP (SBAR (WHNP who )WHNP (S (ADVP now )ADVP (VP is (NP (NP associate general counsel )NP (PP with (NP (NP *UNKC *UNKC Corp. )NP (PP in (NP Philadelphia )NP )PP )NP )PP )NP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP Dr. *UNKC )NP (VP says (SBAR (S (NP the Justice Department )NP (VP interviewed (NP him )NP (NP last July )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Their effort )NP (VP has (VP received (NP a *UNK response )NP (PP from (NP the Justice Department )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP do not (VP feel (SBAR that (S (NP seats )NP (VP are (VP *UNKED (PRN -LRB- (PP for (NP patent lawyers )NP )PP -RRB- )PRN )VP )VP )S )SBAR )VP )VP )S , '' (VP says )VP (NP (NP Justice spokesman David Runkel )NP , (SBAR (WHNP who )WHNP (S (VP declines (S (VP to (VP say (SBAR (WHADVP how soon )WHADVP (S (NP a candidate )NP (VP will (VP be (VP named )VP )VP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )NP . )SINV  STOP
(S `` But (NP we )NP (VP will (VP take (NP it )NP (PP into (NP consideration )NP )PP )VP )VP . '' )S  STOP
(S (NP (NP The Justice Department 's )NP view )NP (VP is (VP shared (PP by (NP (NP other lawyers )NP and (NP (NP (NP (QP at least one )QP member )NP (PP of (NP the court )NP )PP )NP , (NP Judge H. Robert *UNKC )NP , (NP (NP a former civil *UNK )NP (SBAR (WHNP who )WHNP (S (VP served (PP at (NP the claims court trial level )NP )PP (SBAR before (S (NP he )NP (VP was (VP appointed (PP to (NP the Federal Circuit )NP )PP (ADVP (NP two years )NP ago )ADVP )VP )VP )S )SBAR )VP )S )SBAR )NP )NP )NP )PP )VP )VP . )S  STOP
(S `` (NP I )NP (VP believe (SBAR that (S (NP any good lawyer )NP (VP should (VP be (ADJP able (S (VP to (VP (VP figure (PRT out )PRT )VP and (VP understand )VP (NP patent law )NP )VP )VP )S )ADJP )VP )VP )S )SBAR (PRN , '' (S (NP Judge *UNKC )NP (VP says )VP )S , )PRN (S (VP adding (SBAR that `` (S (NP (NP it )NP )NP (VP 's (NP (NP the responsibility )NP (PP of (NP (NP (ADJP highly paid )ADJP lawyers )NP (PRN -LRB- (SBAR (WHNP who )WHNP (S (VP argue (PP before (NP the court )NP )PP )VP )S )SBAR -RRB- )PRN )NP )PP )NP (S (VP to (VP make (S (NP us )NP (VP understand -LRB- (NP complex patent litigation )NP -RRB- )VP )S )VP )VP )S )VP )S )SBAR )VP )S )VP . '' )S  STOP
(S Yet (NP some lawyers )NP (VP point (PP to (NP (NP (NP Eli Lilly & Co. )NP vs. (NP *UNKC , Inc. )NP )NP , (NP (NP the patent *UNK case )NP (SBAR (S (NP the Supreme Court )NP (NP this month )NP (VP agreed (S (VP to (VP review )VP )VP )S )VP )S )SBAR )NP , )NP )PP (PP as (NP (NP an example )NP (PP of (NP (NP poor legal *UNKING )NP (PP by (NP (NP judges )NP (SBAR (WHNP who )WHNP (S (VP lack (NP patent litigation experience )NP )VP )S )SBAR )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S -LRB- (NP Judge *UNKC )NP (VP was not (PP on (NP the *UNK- panel )NP )PP )VP . -RRB- )S  STOP
(S (PP In (NP the Lilly case )NP )PP , (NP the appeals court )NP (VP (ADVP broadly )ADVP *UNKED (S (NP a federal statute )NP (VP to (VP grant (NP (NP *UNKC )NP , (NP a medical device manufacturer )NP , )NP (NP (NP an *UNK )NP (SBAR (S (VP to (VP *UNK (NP a patent )NP (PP under (NP certain circumstances )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (SBAR If (S (NP the Supreme Court )NP (VP holds (PP in (NP (NP *UNKC 's )NP favor )NP )PP )VP )S )SBAR , (NP the decision )NP (VP will (VP have (NP *UNK- consequences )NP (PP for (NP (NP the manufacturers )NP (PP of (NP (NP medical devices )NP , (NP color and food *UNK )NP and (NP (NP all other *UNK- products )NP (SBAR (WHNP that )WHNP (S (VP required (NP Food & Drug Administration approval )NP )VP )S )SBAR )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP (NP a lawyer )NP and (NP (NP director )NP (PP of (NP government relations )NP )PP )NP )NP (PP for (NP the Industrial *UNKC Association )NP )PP )NP , )NP (VP contends (SBAR that (S (NP (NP a judge )NP (ADJP *UNKED (PP in (NP (NP patent law )NP and (NP (NP the concerns )NP (PP of (NP *UNKED industries )NP )PP )NP )NP )PP )ADJP )NP (VP would (VP have (VP ruled (ADVP otherwise )ADVP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S And (NP (NP Judge *UNKC )NP , (NP a former patent lawyer )NP , )NP (VP wrote (PP in (NP her *UNK )NP )PP (SBAR (WHADVP when )WHADVP (S (NP the court )NP (VP denied (NP (NP a motion )NP (PP for (NP (NP a *UNKING )NP (PP of (NP the case )NP )PP (PP by (NP the full court )NP )PP )NP )PP )NP )VP )S )SBAR , `` (S (NP (NP The panel 's )NP judicial legislation )NP (VP has (VP affected (NP an important *UNK- industry )NP , (PP without (NP (NP regard )NP (PP to (NP (NP the consequences )NP (PP for (NP (NP research and innovation )NP or (NP the public interest )NP )NP )PP )NP )PP )NP )PP )VP )VP )S )VP . '' )S  STOP
(SINV (VP Says )VP (NP Ms. *UNKC )NP , `` (S -LRB- (NP The judgment )NP -RRB- (VP *UNK (NP our concern (SBAR that (S (NP (NP the absence )NP (PP of (NP patent lawyers )NP )PP (PP on (NP the court )NP )PP )NP (VP could (VP prove (ADJP *UNK )ADJP )VP )VP )S )SBAR )NP )VP )S . )SINV  STOP
(NP (NP Friday )NP , (NP October 27 , 1989 )NP )NP  STOP
(S (NP (NP The key (UCP U.S. and foreign )UCP annual interest rates )NP (ADVP below )ADVP )NP (VP (VP are (NP (NP a guide )NP (PP to (NP general levels )NP )PP )NP )VP but (VP do n't (ADVP always )ADVP (VP represent (NP actual transactions )NP )VP )VP )VP . )S  STOP
(NP (NP PRIME RATE )NP : (NP (QP 10 1\/2 )QP % )NP . )NP  STOP
(NP (NP The base rate )NP (PP on (NP corporate loans )NP )PP (PP at (NP large U.S. money center commercial banks )NP )PP . )NP  STOP
(NP (NP FEDERAL FUNDS )NP : (NP (NP (ADJP (QP 8 3\/4 )QP % )ADJP high )NP , (NP (ADJP (QP 8 11\/16 )QP % )ADJP low )NP , (NP (NP (QP 8 5\/8 )QP % )NP (PP near (NP closing bid )NP )PP )NP , (NP (NP (QP 8 11\/16 )QP % )NP (VP offered )VP )NP )NP . )NP  STOP
(NP (NP Reserves )NP (VP traded (PP among (NP commercial banks )NP )PP (PP for (NP overnight use )NP )PP (PP in (NP (NP amounts )NP (PP of (NP (QP $ 1 million )QP (QP or more )QP )NP )PP )NP )PP )VP . )NP  STOP
(NP (NP Source )NP : (NP Fulton *UNKC (PRN -LRB- U.S.A . -RRB- )PRN Inc )NP . )NP  STOP
(NP (NP *UNKC RATE )NP : (NP 7 % )NP . )NP  STOP
(NP (NP The charge )NP (PP on (NP (NP loans )NP (PP to (NP depository institutions )NP )PP (PP by (NP the New York Federal Reserve Bank )NP )PP )NP )PP . )NP  STOP
(NP (NP *UNKC MONEY )NP : (NP (QP 9 3\/4 % to 10 % )QP )NP . )NP  STOP
(NP (NP The charge )NP (PP on (NP (NP loans )NP (PP to (NP brokers )NP )PP )NP )PP (PP on (NP stock exchange collateral )NP )PP . )NP  STOP
(NP (NP (NP COMMERCIAL PAPER )NP (VP placed (ADVP directly )ADVP (PP by (NP General Motors Acceptance Corp. )NP )PP )VP )NP : (NP (NP 8.50 % )NP (NP (QP 30 to 44 )QP days )NP )NP ; (NP (NP 8.25 % )NP (NP (QP 45 to 65 )QP days )NP )NP ; (NP (NP *UNKN % )NP (NP (QP 66 to 89 )QP days )NP )NP ; (NP (NP 8 % )NP (NP (QP 90 to *UNKN )QP days )NP )NP ; (NP (NP 7.875 % )NP (NP (QP 120 to *UNKN )QP days )NP )NP ; (NP (NP *UNKN % )NP (NP (QP 150 to 179 )QP days )NP )NP ; (NP (NP 7.50 % )NP (NP (QP 180 to 270 )QP days )NP )NP . )NP  STOP
(NP (NP COMMERCIAL PAPER )NP : (NP (NP *UNKC unsecured notes )NP (VP sold (PP through (NP dealers )NP )PP (PP by (NP major corporations )NP )PP (PP in (NP (NP multiples )NP (PP of (NP $ 1,000 )NP )PP )NP )PP )VP )NP : (NP (NP *UNKN % )NP (NP 30 days )NP )NP ; (NP (NP *UNKN % )NP (NP 60 days )NP )NP ; (NP (NP 8.40 % )NP (NP 90 days )NP )NP . )NP  STOP
(NP (NP (NP *UNKC )NP (PP OF (NP *UNKC )NP )PP )NP : (NP (NP 8.09 % )NP (NP one month )NP )NP ; (NP (NP *UNKN % )NP (NP two months )NP )NP ; (NP (NP *UNKN % )NP (NP three months )NP )NP ; (NP (NP 7.96 % )NP (NP six months )NP )NP ; (NP (NP 7.92 % )NP (NP one year )NP )NP . )NP  STOP
(NP (NP Average )NP (PP of (NP (NP top rates )NP (VP paid (PP by (NP major New York banks )NP )PP (PP on (NP (NP primary new issues )NP (PP of (NP negotiable *UNKC )NP )PP )NP )PP , (ADVP usually )ADVP (PP on (NP (NP amounts )NP (PP of (NP (QP $ 1 million )QP (QP and more )QP )NP )PP )NP )PP )VP )NP )PP . )NP  STOP
(S (NP The minimum unit )NP (VP is (NP $ 100,000 )NP )VP . )S  STOP
(NP (NP (NP Typical rates )NP (PP in (NP the secondary market )NP )PP )NP : (NP (NP 8.55 % )NP (NP one month )NP )NP ; (NP (NP 8.50 % )NP (NP three months )NP )NP ; (NP (NP 8.40 % )NP (NP six months )NP )NP . )NP  STOP
(NP (NP *UNKC *UNKC )NP : (NP (NP *UNKN % )NP (NP 30 days )NP )NP ; (NP (NP *UNKN % )NP (NP 60 days )NP )NP ; (NP (NP *UNKN % )NP (NP 90 days )NP )NP ; (NP (NP *UNKN % )NP (NP 120 days )NP )NP ; (NP (NP *UNKN % )NP (NP 150 days )NP )NP ; (NP (NP 8 % )NP (NP 180 days )NP )NP . )NP  STOP
(NP (NP *UNKC , *UNKED business credit instruments )NP (VP (ADVP typically )ADVP financing (NP an import order )NP )VP . )NP  STOP
(NP (NP LONDON *UNKC *UNKC )NP : (NP (NP (QP 8 11\/16 % to 8 9\/16 % )QP )NP (NP one month )NP )NP ; (NP (NP (QP 8 5\/8 % to 8 1\/2 % )QP )NP (NP two months )NP )NP ; (NP (NP (QP 8 11\/16 % to 8 9\/16 % )QP )NP (NP three months )NP )NP ; (NP (NP (QP 8 9\/16 % to 8 7\/16 % )QP )NP (NP four months )NP )NP ; (NP (NP (QP 8 1\/2 % to 8 3\/8 % )QP )NP (NP five months )NP )NP ; (NP (NP (QP 8 7\/16 % to 8 *UNKN % )QP )NP (NP six months )NP )NP . )NP  STOP
(NP (NP (NP LONDON *UNKC *UNKC RATES )NP (PRN -LRB- (NP LIBOR )NP -RRB- )PRN )NP : (NP (NP (QP 8 11\/16 )QP % )NP (NP one month )NP )NP ; (NP (NP (QP 8 11\/16 )QP % )NP (NP three months )NP )NP ; (NP (NP (QP 8 7\/16 )QP % )NP (NP six months )NP )NP ; (NP (NP (QP 8 3\/8 )QP % )NP (NP one year )NP )NP . )NP  STOP
(NP (NP (NP The average )NP (PP of (NP (NP interbank offered rates )NP (PP for (NP (NP dollar deposits )NP (PP in (NP the London market )NP )PP )NP )PP )NP )PP )NP (PP based (PP on (NP (NP quotations )NP (PP at (NP five major banks )NP )PP )NP )PP )PP . )NP  STOP
(NP (NP FOREIGN PRIME RATES )NP : (NP (NP Canada )NP (NP 13.50 % )NP )NP ; (NP (NP Germany )NP (NP 9 % )NP )NP ; (NP (NP Japan )NP (NP 4.875 % )NP )NP ; (NP (NP Switzerland )NP (NP 8.50 % )NP )NP ; (NP (NP Britain )NP (NP 15 % )NP )NP . )NP  STOP
(S (S (NP These rate indications )NP (VP are n't (ADJP directly comparable )ADJP )VP )S ; (S (NP lending practices )NP (VP vary (ADVP widely )ADVP (PP by (NP location )NP )PP )VP )S . )S  STOP
(NP (NP *UNKC *UNKC )NP : (NP (NP (NP Results )NP (PP of (NP (NP the (NAC Monday , October 23 , 1989 , )NAC auction )NP (PP of (NP (NP short-term U.S. government bills )NP , (VP sold (PP at (NP (NP a discount )NP (PP from (NP face value )NP )PP )NP )PP (PP in (NP (NP units )NP (PP of (NP (QP $ 10,000 to $ 1 million )QP )NP )PP )NP )PP )VP )NP )PP )NP )PP )NP : (NP (NP *UNKN % )NP (NP 13 weeks )NP )NP ; (NP (NP 7.50 % )NP (NP 26 weeks )NP )NP . )NP )NP  STOP
(NP (NP FEDERAL *UNKC LOAN MORTGAGE *UNKC )NP . (PRN -LRB- (NP Freddie Mac )NP -RRB- )PRN : )NP  STOP
(NP (NP Posted yields )NP (PP on (NP (NP 30-year mortgage commitments )NP (PP for (NP (NP delivery )NP (PP within (NP 30 days )NP )PP )NP )PP )NP )PP . )NP  STOP
(NP (NP (NP *UNKN % )NP , (NP standard conventional fixed-rate mortgages )NP )NP ; (NP (NP 7.875 % )NP , (NP (ADJP 2 % )ADJP (ADJP rate capped )ADJP one-year adjustable rate mortgages )NP )NP . )NP  STOP
(NP (NP Source )NP : (NP Telerate Systems Inc . )NP )NP  STOP
(NP (NP FEDERAL NATIONAL MORTGAGE ASSOCIATION )NP (PRN -LRB- (NP Fannie Mae )NP -RRB- )PRN : )NP  STOP
(NP (NP (NP Posted yields )NP (PP on (NP (NP 30 year mortgage commitments )NP (PP for (NP (NP delivery )NP (PP within (NP 30 days )NP )PP )NP )PP )NP )PP (PRN -LRB- (VP priced (PP at (NP (NP par )NP )NP )PP )VP -RRB- )PRN )NP (NP (NP *UNKN % )NP , (NP standard conventional fixed-rate mortgages )NP )NP ; (NP (NP *UNKN % )NP , (NP *UNKN (ADJP rate capped )ADJP one-year adjustable rate mortgages )NP )NP . )NP  STOP
(NP (NP Source )NP : (NP Telerate Systems Inc . )NP )NP  STOP
(NP (NP *UNKC *UNKC READY *UNKC TRUST )NP : (NP *UNKN % )NP . )NP  STOP
(NP (NP (NP Annualized average rate )NP (PP of (NP return )NP )PP (PP after (NP expenses )NP )PP (PP for (NP the past 30 days )NP )PP )NP ; not (NP (NP a forecast )NP (PP of (NP future returns )NP )PP )NP . )NP  STOP
(S (NP (NP (NP THE *UNKC *UNKC *UNKC *UNKC )NP coming rule )NP (PP on (NP (NP disclosure )NP (VP involving (NP financial instruments )NP )VP )NP )PP )NP (VP will (VP be (ADJP effective )ADJP (PP for (NP (NP financial statements )NP (PP with (NP (NP fiscal years )NP (VP ending (PP after (NP June 15 , 1990 )NP )PP )VP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The date )NP (VP was (VP *UNKED (PP in (NP (NP Friday 's )NP edition )NP )PP )VP )VP . )S  STOP
(S (NP Kidder , Peabody & Co. )NP (VP is (VP trying (S (VP to (VP struggle (PRT back )PRT )VP )VP )S )VP )VP . )S  STOP
(S (ADVP (NP (QP Only a few )QP months )NP ago )ADVP , (NP the *UNK- securities firm )NP (VP seemed (S (VP to (VP be (PP on (NP (NP the *UNK )NP (PP of (NP a *UNK )NP )PP )NP )PP )VP )VP )S , (S (VP *UNKED (PP by (NP (NP internal *UNK )NP and (NP *UNK )NP )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP Its relationship )NP (PP with (NP parent General Electric Co. )NP )PP )NP (VP had (VP been (VP *UNKED (PP since (NP (NP a big Kidder *UNKING scandal )NP (ADVP (NP two years )NP ago )ADVP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP Chief executives )NP and (NP presidents )NP )NP (VP had (VP come and gone )VP )VP . )S  STOP
(S (ADVP Now )ADVP , (NP the firm )NP (VP says (SBAR (S (NP it )NP (VP 's (PP at (NP a turning point )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP By (NP (NP the end )NP (PP of (NP this year )NP )PP )NP )PP , (NP (NP *UNK- Chairman *UNKC *UNKC )NP (PRN -- (NP (NP the former chairman )NP (PP of (NP Illinois *UNKC *UNKC )NP )PP )NP (SBAR (WHNP who )WHNP (S (VP was (VP *UNKED (PP as (NP a `` *UNK- man '' )NP )PP (SBAR (WHADVP when )WHADVP (S (NP GE )NP (VP brought (NP him )NP (PRT in )PRT (S (VP to (VP clean (PRT up )PRT (NP Kidder )NP )VP )VP )S (PP in (NP 1987 )NP )PP )VP )S )SBAR )VP )VP )S )SBAR -- )PRN )NP (VP *UNK (PP to (NP his (NAC Lake Forest , Ill. , )NAC home )NP )PP , (ADVP possibly )ADVP (S (VP to (VP build (NP a shopping *UNK )NP (PP on (NP (NP some land )NP (SBAR (S (NP he )NP (VP owns )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S `` (S (NP I )NP (VP 've (VP done (SBAR (WHNP what )WHNP (S (NP I )NP (VP came (S (VP to (VP do )VP )VP )S )VP )S )SBAR '' (PP at (NP Kidder )NP )PP )VP )VP )S , (NP he )NP (VP says )VP . )S  STOP
(S And (NP that )NP (VP means (SBAR (S (NP (NP *UNK- Michael Carpenter )NP , (NP (NP president )NP and (NP chief executive )NP )NP (PP since (NP January )NP )PP , )NP (VP will (PP for (NP the first time )NP )PP (VP (VP take (NP complete control )NP (PP of (NP Kidder )NP )PP )VP and (VP try (S (VP to (VP make (ADJP good )ADJP (PP on (NP some *UNK plans )NP )PP )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Carpenter )NP (VP says (SBAR (S (NP he )NP (VP will (VP return (NP Kidder )NP (PP to (NP (NP *UNK )NP (PP as (NP a great investment bank )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Wall Street )NP (VP is (ADJP *UNKLY skeptical )ADJP )VP . )S  STOP
(S (PP Through (NP (NP the first nine months )NP (PP of (NP the year )NP )PP )NP )PP , (NP Kidder )NP (VP ranks (NP a *UNK *UNK )NP (PP among (NP (NP underwriters )NP (PP of (NP U.S. stocks and bonds )NP )PP )NP )PP , (PP with (NP (NP a (ADJP 2.8 % )ADJP market share )NP , (ADVP up (ADVP slightly )ADVP (PP from (NP 2.5 % )NP (PP in (NP the year-earlier period )NP )PP )PP )ADVP )NP )PP , (PP according (PP to (NP Securities Data Co )NP )PP )PP )VP . )S  STOP
(S (NP It )NP (VP 's (NP (NP quite a fall )NP (PP from (NP (NP the early 1980s )NP , (SBAR (WHADVP when )WHADVP (S (NP Kidder )NP (ADVP still )ADVP (VP was (VP counted (PP as (NP an *UNKING *UNK )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP (NP Gary S. *UNKC )NP , (NP (NP president )NP (PP of (NP (NP the *UNKC Group )NP , (NP an executive search firm )NP , )NP )PP )NP )NP (VP said : `` (S (NP I )NP (VP 'd (VP like (S (VP to (VP see (S -LRB- (NP Kidder )NP -RRB- (VP succeed )VP )S )VP )VP )S )VP )VP )S )VP . )S  STOP
(S But (NP they )NP (VP have (S (VP to (VP attract (NP (NP good senior bankers )NP (SBAR (WHNP who )WHNP (S (VP can (VP bring (PRT in )PRT (NP the business )NP (PP from (NP day one )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP . '' )S  STOP
(S (PP In (NP 1988 )NP )PP , (NP Kidder )NP (VP *UNKED (PRT out )PRT (NP a (ADJP (QP $ 46 million )QP )ADJP profit )NP , (PP (ADVP mainly )ADVP because of (NP severe cost cutting )NP )PP )VP . )S  STOP
(S (NP Its *UNK- brokerage operation )NP (VP reported (NP an estimated (ADJP (QP $ 5 million )QP )ADJP loss )NP (NP last year )NP , (SBAR although (S (NP Kidder )NP (VP expects (S (NP it )NP (VP to (VP turn (NP a profit )NP (NP this year )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (PP In (NP fact )NP )PP , (NP Kidder )NP (VP is (NP a minor player )NP (PP in (NP (NP (ADVP just about )ADVP every business )NP (SBAR (S (NP it )NP (VP does )VP )S )SBAR (PP except (NP computer-driven program trading )NP )PP )NP )PP )VP )S ; (S (PP in (NP that controversial business )NP )PP , (NP only Morgan Stanley & Co. )NP (VP rivals (NP Kidder )NP )VP )S . )S  STOP
(S But (NP even that niche )NP (VP is (PP under (NP attack )NP )PP , (SBAR as (S (NP several Wall Street firms )NP (VP pulled (ADVP back (PP from (NP program trading )NP )PP )ADVP (NP last week )NP (PP under (NP (NP pressure )NP (PP from (NP big investors )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Mr. Carpenter )NP , (NP (NP a former *UNK- executive )NP (SBAR (WHNP who )WHNP (S (VP has (NP (NP a love )NP (PP for `` (NP task forces )NP )PP )NP )VP )S )SBAR )NP , '' )NP (VP says (SBAR (S (NP he )NP (VP has (VP done (NP (NP a `` complete *UNK '' )NP (PP of (NP Kidder )NP )PP )NP (PP in (NP recent months )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP There )NP (VP have (VP been (NP (NP a *UNKING *UNK )NP (PP of (NP (NP studies )NP (PP of (NP (NP the firm 's )NP operations )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (QP More than 20 )QP new (NX (NX managing directors )NX and (NX senior vice presidents )NX )NX )NP have (VP been (VP hired (PP since (NP January )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP The firm 's )NP brokerage force )NP (VP has (VP been (VP trimmed )VP )VP )VP )S and (S (NP its *UNK- staff )NP (VP increased (PP to (NP a record 55 people )NP )PP )VP )S . )S  STOP
(S (NP Mr. Carpenter )NP (VP says (SBAR that (S (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP assumes (NP full control )NP )VP )S )SBAR , (NP Kidder )NP (VP will (ADVP finally )ADVP (VP *UNK (NP (NP the resources )NP (PP of (NP GE )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP One )NP (PP of (NP (NP GE 's )NP goals )NP )PP )NP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP bought (NP (NP 80 % )NP (PP of (NP Kidder )NP )PP )NP (PP in (NP 1986 )NP )PP )VP )S )SBAR (VP was (S (VP to (VP take (NP advantage )NP (PP of (NP `` (NP *UNK )NP '' (PP between (NP (NP Kidder )NP and (NP (NP General Electric Capital Corp. )NP , (NP (NP GE 's )NP *UNK- unit )NP , (SBAR (WHNP which )WHNP (S (VP has (NP (NP (QP $ 42 billion )QP )NP (PP in (NP assets )NP )PP )NP )VP )S )SBAR )NP )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP The (ADJP leveraged buy-out )ADJP group )NP (PP of (NP GE Capital )NP )PP )NP (ADVP now )ADVP (VP reports (PP to (NP Mr. Carpenter )NP )PP )VP . )S  STOP
(S (ADVP So far )ADVP , (PP instead of (S (VP *UNKING (PRT up )PRT )VP )S )PP , (NP (NP GE Capital staffers )NP and (NP Kidder investment bankers )NP )NP (VP have (VP *UNKED )VP )VP . )S  STOP
(S Yet (PRN , (SINV (VP says )VP (NP Mr. Carpenter )NP )SINV , )PRN `` (NP We )NP (VP 've (ADVP really )ADVP (VP started (S (VP to (VP *UNK (NP (NP the *UNK )NP (PP between (NP (NP GE Capital )NP and (NP Kidder Peabody )NP )NP )PP )NP )VP )VP )S )VP )VP . '' )S  STOP
(S (NP The units )NP (VP have (VP worked (PP on (NP 37 investment banking deals )NP )PP (NP this year )NP (PRN , (S (NP he )NP (VP says )VP )S , )PRN (SBAR though (S (NP (NP not all )NP (PP of (NP them )NP )PP )NP (VP have (VP *UNKED (PRT out )PRT )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (S `` (NP We )NP (VP 've (VP had (NP (NP a good relationship )NP (PP with (NP GE )NP )PP )NP , (SBAR (WHNP which )WHNP (S (VP is (NP (NP the first time )NP (SBAR (S (NP you )NP (VP could (VP say (NP that )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP )S -- (S (INTJ *UNK )INTJ , (VP let (S (NP me )NP (VP withdraw (NP that )NP )VP )S )VP )S . )S  STOP
(S (S (NP It )NP (VP 's (VP been (NP a (ADJP steadily improving )ADJP relationship )NP )VP )VP )S , '' (VP says )VP (NP Mr. Carpenter )NP . )S  STOP
(S (ADVP Still )ADVP , (PP without (NP (NP many actual deals )NP (SBAR (S (VP to (VP show (PRT off )PRT )VP )VP )S )SBAR )NP )PP , (NP Kidder )NP (VP is (VP left (S (VP to (VP stress (SBAR (SBAR that (S (NP it )NP (ADVP finally )ADVP (VP has (S `` (NP a team )NP '' (PP in (NP place )NP )PP )S )VP )S )SBAR , and (SBAR that (S (NP everyone )NP (VP works (ADVP harder )ADVP )VP )S )SBAR )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (S (ADVP (NP A month )NP ago )ADVP , (NP the firm )NP (VP started (VP serving (NP dinner )NP (PP at (NP about *UNKN )NP )PP (NP each night )NP )VP )VP )S ; (S (NP (NP (QP about 50 to 60 )QP )NP (PP of (NP the 350 people )NP )PP (PP in (NP the investment banking operation )NP )PP )NP (VP have (VP (ADVP consistently )ADVP been (ADVP around )ADVP (ADVP that late )ADVP )VP )VP )S . )S  STOP
(SINV `` (S (NP We )NP (VP are (VP working (ADVP (ADVP significantly longer and harder )ADVP (SBAR than (S (VP has (VP been (NP the case )NP (PP in (NP the past )NP )PP )VP )VP )S )SBAR )ADVP )VP )VP )S , '' (VP says )VP (NP (NP Scott C. *UNKC )NP , (NP (NP (NP Kidder 's )NP head )NP (PP of (NP investment banking )NP )PP (PP since (NP June )NP )PP )NP )NP . )SINV  STOP
(S (ADVP *UNKC )ADVP , (NP Kidder )NP (VP *UNK (NP the `` (S (ADVP always )ADVP (VP working )VP )S '' theme )NP )VP . )S  STOP
(S (NP (NP A new *UNK- magazine )NP , (NP Kidder World )NP (PRN -- (SBAR (WHNP which )WHNP (SINV (S (VP will (VP focus (PP on (NP (NP the firm 's )NP *UNK strategy )NP )PP )VP )VP )S , (VP says )VP (NP Mr. Carpenter )NP )SINV )SBAR -- )PRN )NP (VP *UNK (SBAR that (S (PP on (NP *UNK )NP )PP (NP Mr. *UNKC )NP `` (ADVP often )ADVP (VP gets (NP *UNKED ideas )NP (SBAR while (S (VP flying (NP his *UNK- *UNKC *UNKC )NP (PP on (NP (NP the way )NP (PP to (NP *UNKC )NP )PP )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP (NP (NP The firm 's )NP new head )NP (PP of (NP mergers and acquisitions )NP )PP (PP under (NP Mr. *UNKC )NP )PP )NP , (NP *UNKC *UNKC )NP , )NP (VP talks (PP of (NP the opportunity (S (VP to (VP `` *UNK (NP a franchise )NP '' (PP at (NP Kidder )NP )PP )VP )VP )S )NP )PP )VP . )S  STOP
(S `` (S (NP The Kidder name )NP (VP is (NP (NP one )NP (PP of (NP (NP only six or seven )NP (SBAR (WHNP that )WHNP (S (NP every *UNKC )NP (VP *UNK (PP as (NP a viable alternative )NP )PP '' (SBAR (WHADVP when )WHADVP (S (VP considering (NP a merger deal )NP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )VP )S , (NP he )NP (VP says )VP . )S  STOP
(S (ADVP Now )ADVP , (PP according (PP to (NP (NP a Kidder World story )NP (PP about (NP Mr. *UNKC )NP )PP )NP )PP )PP , (NP (NP all )NP (SBAR (S (NP the firm )NP (VP has (S (VP to (VP do )VP )VP )S )VP )S )SBAR )NP (VP is `` (VP position (NP ourselves )NP (ADVP more (PP in (NP the deal flow )NP )PP )ADVP )VP )VP . '' )S  STOP
(SBARQ (SBAR With (S (NP investment banking )NP (PP as (NP (NP Kidder 's )NP `` lead business )NP )PP )S )SBAR , '' (WHADVP where )WHADVP (SQ do (NP (NP (NP Kidder 's )NP *UNK- brokerage network )NP and (NP its *UNKN brokers )NP )NP (VP fit (PRT in )PRT )VP )SQ ? )SBARQ  STOP
(S (NP Mr. Carpenter )NP (NP this month )NP (VP sold (PRT off )PRT (NP (NP (NP Kidder 's )NP eight brokerage offices )NP (PP in (NP (NP Florida )NP and (NP Puerto Rico )NP )NP )PP )NP (PP to (NP Merrill Lynch & Co. )NP )PP , (S (VP *UNKING (NP speculation (SBAR that (S (NP Kidder )NP (VP is (VP getting (PP out (PP of (NP the brokerage business )NP )PP )PP (ADVP entirely )ADVP )VP )VP )S )SBAR )NP )VP )S )VP . )S  STOP
(S (NP Mr. Carpenter )NP (VP denies (NP the speculation )NP )VP . )S  STOP
(S (S (VP To (VP answer (NP the brokerage question )NP )VP )VP )S , (NP Kidder )NP , (PP in (NP typical fashion )NP )PP , (VP completed (NP a *UNK- study )NP )VP . )S  STOP
(NP (NP The result )NP : (S (NP Kidder )NP (VP will (VP focus (PP on (NP (NP (NP rich individual investors )NP and (NP small companies )NP )NP , (ADJP (ADJP much closer )ADJP (PP to (NP (NP the *UNK )NP (PP of (NP Goldman , Sachs & Co. )NP )PP )NP )PP (PP than (NP (NP a *UNK- firm )NP (PP like (NP (NP Merrill Lynch )NP or (NP Shearson Lehman Hutton Inc )NP )NP )PP )NP )PP )ADJP )NP )PP )VP )VP )S . )NP  STOP
(S (NP Mr. Carpenter )NP (VP notes (SBAR that (S (NP (NP these types )NP (PP of (NP investors )NP )PP )NP (ADVP also )ADVP (VP are (ADJP `` sophisticated '' enough (S not (VP to (VP complain (PP about (NP (NP (NP Kidder 's )NP aggressive use )NP (PP of (NP program trading )NP )PP )NP )PP )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S (PP As (NP (NP part )NP (PP of (NP the upscale push )NP )PP )NP )PP , (NP Kidder )NP (VP is (VP putting (NP brokers )NP (PP through (NP a *UNK- training course )NP )PP , (S (VP turning (NP them )NP (PP into (NP `` (NP investment *UNK )NP '' (PP with (NP (NP knowledge )NP (PP of (NP corporate finance )NP )PP )NP )PP )NP )PP )VP )S )VP )VP . )S  STOP
(SINV (S (NP They )NP (VP will (VP get `` (NP (NP new and improved tools )NP (SBAR (S (VP to (VP sell , (PP (ADVP particularly )ADVP to (NP the affluent investor )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S , '' (VP says )VP (NP brokerage chief Charles *UNK *UNKC )NP . )SINV  STOP
(S (ADVP *UNKLY )ADVP , (NP the brokers )NP (VP will (ADVP then )ADVP (VP be (ADJP able (S (VP to (VP *UNK (NP `` (NP leads )NP '' (PP on (NP corporate finance opportunities )NP )PP )NP (PP to (NP (NP Kidder 's )NP investment bankers )NP )PP )VP )VP )S )ADJP , (S (ADVP possibly )ADVP (VP easing (NP (NP the longstanding tension )NP (PP between (NP the two *UNK )NP )PP )NP )VP )S )VP )VP . )S  STOP
(S (ADVP However )ADVP , (NP *UNK )NP (VP caution (SBAR that (S (NP (NP this kind )NP (PP of (NP (NP *UNK- )NP (PP between (NP (NP brokers )NP and (NP investment bankers )NP )NP )PP )NP )PP )NP (VP (VP looks (ADJP great )ADJP (PP on (NP paper )NP )PP )VP , but (VP does n't (ADVP always )ADVP (VP happen )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Kidder competitors )NP (VP are n't (ADJP *UNKLY hostile (PP to (NP the firm )NP )PP )ADJP , (SBAR as (S (NP many )NP (VP are (PP to (NP (NP a tough competitor )NP (PP like (NP (NP Drexel Burnham Lambert Inc. )NP (SBAR (WHNP that )WHNP (S (VP does n't (VP have (NP (NP Kidder 's )NP long history )NP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (ADVP However )ADVP , (NP competitors )NP (VP say (SBAR that (S (NP (NP (NP Kidder 's )NP hiring *UNK )NP (VP involving (NP (NP *UNK- staffers )NP , (NP (NP some )NP (PP with (NP *UNK- contract guarantees )NP )PP )NP , )NP )VP )NP (VP could (VP *UNK (SBAR unless (S (NP there )NP (VP are (NP results )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNKING Mr. *UNKC )NP (VP says (SBAR (S (NP he )NP (VP has (NP (NP no worries )NP (PP about (NP (NP Kidder 's )NP future )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP will (VP return (PP to (NP (NP the *UNKC *UNKC Co. board )NP (PP of (NP directors )NP )PP )NP )PP )VP )VP )S )SBAR )NP , (PP in (NP (NP addition )NP (PP to (NP his personal ventures )NP )PP )NP )PP , (VP is (VP *UNKED (PP with (S (VP bringing (NP some basic *UNKING and planning discipline )NP (PP to (NP (ADJP traditionally *UNKING )ADJP Kidder )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S (NP He )NP (ADVP also )ADVP (VP improved (NP (NP (NP the firm 's )NP compliance procedures )NP (PP for (NP trading )NP )PP )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP says (SBAR (S (NP he )NP (VP has (VP had `` (NP (NP a lot )NP (PP of (NP fun )NP )PP )NP '' (PP at (NP Kidder )NP )PP )VP )VP )S )SBAR , (S (VP adding (SBAR (S (NP (NP the crack )NP (PP about (S (NP his )NP (VP being (NP a `` *UNK- man '' )NP )VP )S )PP )NP (ADVP never )ADVP (VP *UNKED (NP him )NP )VP )S )SBAR )VP )S )VP . )S  STOP
(S `` (S (NP It )NP (VP was (NP (NP an (ADJP absolutely *UNK )ADJP line )NP and (NP (NP one )NP (SBAR (S (NP I )NP (VP used (NP many times )NP )VP )S )SBAR )NP )NP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (S (VP *UNKING (ADVP broadly )ADVP (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP talks (PP about (NP Mr. Carpenter )NP )PP )VP )S )SBAR )VP )S , (NP Mr. *UNKC )NP (VP says (SBAR (S (NP the new Kidder chief )NP (VP is `` (VP going (S (VP to (VP be (VP recognized (ADVP shortly )ADVP (PP as (NP (NP one )NP (PP of (NP (NP the real leaders )NP (PP in (NP the *UNKING business )NP )PP )NP )PP )NP )PP )VP )VP )VP )S )VP )VP )S )SBAR )VP . '' )S  STOP
(S (PP In (NP coming years )NP )PP (PRN , (S (NP Mr. *UNKC )NP (VP says )VP )S , )PRN (NP Kidder )NP (VP is `` (VP *UNK (S (VP *UNK (VP *UNK )VP )VP )S )VP )VP . '' )S  STOP
(S Or , (SBAR as (S (NP Mr. Carpenter )NP , (S (VP (ADVP again )ADVP drawing (PP on (NP his *UNK- background )NP )PP )VP )S , (VP puts (NP it )NP )VP )S )SBAR : `` (NP We )NP (VP 're (ADJP ready (S (VP to (VP *UNK )VP )VP )S )ADJP (PP at (NP this point )NP )PP )VP . )S  STOP
(S (PP *UNKC (NP (NP A *UNKC )NP (PP by (NP Democrats )NP )PP (S (VP to (VP expand (NP Individual *UNKC *UNKC )NP )VP )VP )S )NP )PP , (NP (NP a (ADJP $ 2,000 )ADJP contribution )NP (PP by (NP (NP a *UNK )NP (PP in (NP the (ADJP 33 % )ADJP *UNK )NP )PP )NP )PP )NP (VP would (VP save (NP $ *UNKN )NP (PP on (NP his taxes )NP )PP )VP )VP . )S  STOP
(S (NP The savings )NP (VP was (VP given (ADVP *UNKLY )ADVP (PP in (NP (NP Friday 's )NP edition )NP )PP )VP )VP . )S  STOP
(S (PP In (SBAR (WHNP what )WHNP (S (VP could (VP prove (NP (NP a major addition )NP (PP to (NP (NP the Philippines ' )NP *UNK- portfolio )NP )PP )NP )VP )VP )S )SBAR )PP , (NP a *UNKC company )NP (VP signed (NP a (ADJP (QP $ 180 million )QP )ADJP construction contract (S (VP to (VP build (NP (NP the *UNK )NP (PP of (NP a planned petrochemical complex )NP )PP )NP )VP )VP )S )NP )VP . )S  STOP
(S (NP (NP (NP Taiwan 's )NP *UNKC Far East Corp. )NP , (NP a petrochemical company )NP , )NP (VP *UNKED (NP (NP the agreement )NP (PP with (NP an *UNKED Japanese contractor )NP )PP (S (VP to (VP build (NP a *UNK *UNK )NP )VP )VP )S )NP , (PP according (PP to (NP (NP *UNKC Lee )NP , (SBAR (WHNP who )WHNP (S (VP heads (NP (NP the Philippine company )NP (VP set (PRT up )PRT (S (VP to (VP build and operate (NP the complex )NP )VP )VP )S )VP )NP )VP )S )SBAR )NP )PP )PP )VP . )S  STOP
(S (NP (NP Mr. Lee )NP , (NP (NP president )NP (PP of (NP *UNKC *UNKC Corp. )NP )PP )NP , )NP (VP said (SBAR (S (NP the contract )NP (VP was (VP signed (NP Wednesday )NP (PP in (NP Tokyo )NP )PP (PP with (NP *UNKC Far East officials )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC details )NP , (ADVP however )ADVP , (VP have n't (VP been (VP made (S (ADJP public )ADJP )S )VP )VP )VP . )S  STOP
(S (NP The complex )NP (VP is (S (VP to (VP be (VP located (PP in (NP (NP *UNKC )NP , (ADVP (NP (QP about 70 )QP miles )NP south (PP of (NP Manila )NP )PP )ADVP )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC Far East )NP (VP will (VP hold (NP (NP a (ADJP 60 % )ADJP stake )NP (PP in (NP *UNKC *UNKC )NP )PP )NP , (PP according (PP to (NP (NP papers )NP (VP signed (PP with (NP (NP (NP the Philippine government 's )NP Board )NP (PP of (NP Investments )NP )PP )NP )PP )VP )NP )PP )PP )VP )VP . )S  STOP
(S (NP The proposed petrochemical plant )NP (VP would (VP use (NP *UNK )NP (S (VP to (VP manufacture (NP (NP the *UNK *UNK and *UNK )NP and (NP (NP their *UNK *UNK )NP , (NP *UNK and *UNK )NP )NP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP These )NP (VP are (NP (NP the raw materials )NP (VP used (PP in (S (VP making (NP plastics )NP )VP )S )PP )VP )NP )VP . )S  STOP
(S (NP The contract signing )NP (VP represented (NP (NP a major step )NP (PP in (NP the *UNKED petrochemical project )NP )PP )NP )VP . )S  STOP
(S (PP At (NP an estimated (QP $ *UNKN million )QP )NP )PP , (NP the project )NP (VP would (VP represent (NP (NP the single largest foreign investment )NP (PP in (NP the Philippines )NP )PP (SBAR since (S (NP President *UNKC *UNKC )NP (VP took (NP office )NP (PP in (NP February 1986 )NP )PP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP is (VP considered (S (ADJP critical (PP to (NP (NP the country 's )NP efforts (S (VP to (VP both (VP attract (NP other investment )NP (PP from (NP Taiwan )NP )PP )VP and (VP raise (NP heavy industry *UNK )NP )VP )VP )VP )S )NP )PP )ADJP )S )VP )VP . )S  STOP
(S (NP The project )NP (VP has (VP been (PP in and out (PP of (NP the pipeline )NP )PP )PP (PP for (NP (NP more )NP (PP than (NP a decade )NP )PP )NP )PP )VP )VP . )S  STOP
(S (ADVP However )ADVP , (NP workers )NP (VP ca n't (VP break (NP ground )NP (SBAR until (S (NP (NP legal *UNK (S (VP to (VP block (NP the complex )NP )VP )VP )S )NP )NP (VP are (VP resolved , (NP (NP moves )NP (SBAR (WHNP which )WHNP (S (VP caused (S (NP the signing )NP (VP to (VP remain (ADJP *UNK )ADJP (PP up (PP to (NP the last moment )NP )PP )PP )VP )VP )S )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (SBAR As (S (ADVP previously )ADVP (VP reported )VP )S )SBAR , (NP (NP a member )NP (PP of (NP (NP (NP the Philippines ' )NP House )NP (PP of (NP Representatives )NP )PP )NP )PP )NP (VP has (VP sued (S (VP to (VP stop (NP the plant )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The *UNK )NP , (NP *UNKC Garcia )NP , )NP (VP had (VP (VP (ADVP actively )ADVP backed (NP the plant )NP )VP , but (VP (PP at (NP (NP the original site )NP (PP in (NP (NP his *UNK )NP (ADVP *UNK (PP of (NP Manila )NP )PP )ADVP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (S (NP (NP The country 's )NP Supreme Court )NP (VP dismissed (NP the suit )NP )VP )S , but (S (NP Mr. Garcia )NP (NP late last month )NP (VP filed (PP for (NP a *UNK )NP )PP )VP )S . )S  STOP
(S (PP In (NP addition )NP )PP , (NP President *UNKC )NP (VP has (ADVP yet )ADVP (S (VP to (VP sign (PP into (NP law )NP )PP (NP (NP a bill )NP (VP removing (NP (NP a stiff (ADJP 48 % )ADJP tax )NP (PP on (NP (NP *UNK )NP , (NP (NP the principal raw material )NP (SBAR (S (VP to (VP be (VP used (PP in (NP the *UNK )NP )PP )VP )VP )VP )S )SBAR )NP )NP )PP )NP )VP )NP )VP )VP )S )VP . )S  STOP
(S (ADVP However )ADVP , (PP at (NP a news conference )NP )PP (NP Thursday )NP , (NP Mrs. *UNKC )NP (VP (VP backed (NP the project )NP )VP and (VP said (SBAR (S (NP her government )NP (VP was (VP attempting (S (VP to (VP *UNK (NP (NP the *UNK )NP (PP of (NP (NP residents )NP (PP at (NP (NP the original site )NP , (ADJP *UNK (PP to (NP (NP (NP the government 's )NP major petroleum refinery )NP (PP in (NP *UNKC *UNK )NP )PP )NP )PP )ADJP )NP )PP )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S `` (S (S (NP We )NP (VP have (VP tried (NP our best )NP (S (VP to (VP tell (NP (NP the people )NP (PP in (NP *UNKC )NP )PP )NP (SBAR that (S (ADVP maybe )ADVP (NP this time )NP (NP it )NP (VP will not (VP go (PP to (NP them )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP )VP )S , but (S (ADVP certainly )ADVP (NP we )NP (VP will (VP do (NP our best )NP (S (VP to (VP encourage (S (NP other investors )NP (VP to (VP go (PP to (NP their *UNK )NP )PP )VP )VP )S )VP )VP )S )VP )VP )S )S , '' (NP Mrs. *UNKC )NP (VP told (NP *UNKED foreign *UNK )NP )VP . )S  STOP
(S (NP The project )NP (VP appeared (S (VP to (VP be (PP on (NP the *UNK )NP )PP )VP )VP )S (NP (NP earlier this month )NP (SBAR (WHADVP when )WHADVP (S (NP (NP (NP the other major partner )NP (PP in (NP the project )NP )PP )NP , (NP China General *UNKC Corp. )NP , )NP (VP backed (PRT out )PRT )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP China General *UNKC )NP , (NP another *UNKC petrochemical manufacturer )NP , )NP (VP was (S (VP to (VP have (NP (NP a (ADJP 40 % )ADJP stake )NP (PP in (NP Luzon *UNKC )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (ADVP However )ADVP , (NP Mr. Lee )NP (VP said (SBAR that (S (NP *UNKC Far East )NP (VP is (ADJP confident (SBAR (S (NP other investors )NP (VP will (VP take (PRT up )PRT (NP the *UNK )NP )VP )VP )S )SBAR )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP *UNKC Far East )NP (VP has (VP applied (PP to (NP both (NP the Asian Development Bank )NP and (NP (NP the World Bank 's )NP International Finance Corp. )NP )NP )PP (PP for (NP (NP financing )NP (SBAR (WHNP that )WHNP (S (VP could (VP include (NP equity stakes )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Three new issues )NP (VP begin (S (VP trading (PP on (NP the New York Stock Exchange )NP )PP )VP )S (NP today )NP )VP )S , and (S (NP one )NP (VP began (S (VP trading (PP on (NP the *UNKC Market System )NP )PP )VP )S (NP last week )NP )VP )S . )S  STOP
(S (PP On (NP the Big Board )NP )PP , (NP (NP *UNKC & Co. )NP , (NP Atlanta )NP , (PRN -LRB- (NP *UNKC )NP -RRB- )PRN )NP (VP begins (S (VP trading )VP )S (NP today )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP (VP *UNK (NP health care plans )NP )VP , (VP manages (NP (NP (UCP medical and *UNK )UCP aspects )NP (PP of (NP (NP worker 's )NP compensation injuries )NP )PP )NP )VP and (VP is (VP involved (PP in (NP (NP claims adjustments )NP (PP for (NP insurance companies )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(SINV (ADVP Also )ADVP (VP beginning (S (VP trading )VP )S (NP today )NP (PP on (NP the Big Board )NP )PP )VP (VP are )VP (NP (NP (NP El *UNKC *UNKC Limited Partnership )NP , (NP (NP El *UNKC )NP , (NP Texas )NP )NP , (PRN -LRB- (NP *UNKC )NP -RRB- )PRN )NP and (NP (NP Franklin *UNKC Trust )NP , (NP (NP San *UNKC )NP , (NP Calif. )NP )NP , (PRN -LRB- (NP *UNKC )NP -RRB- )PRN )NP )NP . )SINV  STOP
(S (NP El *UNKC )NP (VP owns and operates (NP a petroleum refinery )NP )VP . )S  STOP
(S (NP Franklin )NP (VP is (NP a *UNK- management investment company )NP )VP . )S  STOP
(S (PP On (NP the Nasdaq over-the-counter system )NP )PP , (NP (NP *UNKED Capital Corp. )NP , (NP (NP Washington )NP , (NP D.C. )NP )NP , (PRN -LRB- (NP *UNKC )NP -RRB- )PRN )NP (VP began (S (VP trading )VP )S (NP last Thursday )NP )VP . )S  STOP
(S (NP Allied Capital )NP (VP is (NP (NP a *UNK- management investment company )NP (SBAR (WHNP that )WHNP (S (VP will (VP operate (PP as (NP a business development concern )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP THE *UNKC *UNKC *UNKC )NP (VP does n't (VP pay (NP an *UNK )NP (PP to (NP *UNK )NP )PP )VP )VP . )S  STOP
(S (PP In (NP (NP Thursday 's )NP edition )NP )PP , (NP it )NP (VP was (VP (ADVP *UNKLY )ADVP indicated (SBAR that (S (NP the union )NP (VP had (VP paid (NP a fee )NP (PP to (NP former House *UNKC Jim Wright )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP President Bush )NP (VP insists (SBAR (S (NP it )NP (VP would (VP be (NP (NP a great tool )NP (PP for (S (VP (VP *UNKING (NP the budget deficit )NP )VP and (VP *UNKING (NP the *UNK )NP (ADVP out (PP of (NP government programs )NP )PP )ADVP )VP )VP )S )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP wants (NP it )NP (ADVP now )ADVP )VP . )S  STOP
(SINV (FRAG (ADVP Not so fast )ADVP )FRAG , (VP says )VP (NP (NP Rep. *UNKC Edwards )NP (PP of (NP Oklahoma )NP )PP , (NP a fellow Republican )NP )NP . )SINV  STOP
(S `` (S (NP I )NP (VP consider (S (NP it )NP (NP (NP one )NP (PP of (NP (NP the *UNK ideas )NP (PP of (NP the *UNK century )NP )PP )NP )PP )NP )S )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP It )NP (VP 's (NP (NP the line-item veto )NP , (NP (NP a procedure )NP (SBAR (WHNP that )WHNP (S (VP would (VP allow (S (NP the president )NP (VP to (VP kill (NP (NP individual items )NP (PP in (NP (NP a big spending bill )NP (VP passed (PP by (NP Congress )NP )PP )VP )NP )PP )NP (PP without (S (VP *UNKING (NP the entire bill )NP )VP )S )PP )VP )VP )S )VP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (SBAR (WHNP Whatever )WHNP (S (NP one )NP (VP thinks (PP of (NP the idea )NP )PP )VP )S )SBAR , (NP it )NP (VP 's (NP (NP far more )NP (PP than (NP (NP the *UNK *UNK )NP (SBAR (S (NP it )NP (VP may (VP seem (PP at (NP first *UNK )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (ADVP Rather )ADVP , (NP it )NP (VP 's (NP (NP a device )NP (SBAR (WHNP that )WHNP (S (VP could (VP (VP send (NP shock waves )NP (PP through (NP (NP (NP the president 's )NP entire relationship )NP (PP with (NP (NP Democrats and Republicans )NP (ADVP alike )ADVP (PP in (NP Congress )NP )PP )NP )PP )NP )PP )VP , (VP (ADVP *UNKLY )ADVP enhance (NP (NP the power )NP (PP of (NP the presidency )NP )PP )NP )VP and (VP transform (NP (NP the way )NP (SBAR (S (NP the government )NP (VP does (NP its business )NP )VP )S )SBAR )NP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP President Bush )NP (VP (VP (ADVP badly )ADVP wants (NP a line-item veto )NP )VP and (VP has (ADVP long )ADVP (VP called (PP for (NP (NP a law )NP (VP giving (NP it )NP (PP to (NP the president )NP )PP )VP )NP )PP )VP )VP )VP . )S  STOP
(S (ADVP Now )ADVP (NP the White House )NP (VP is (VP *UNKING (SBAR that (S (NP he )NP (VP might not (VP rely (PP on (NP (NP Congress )NP (PRN -- (SBAR (WHNP which )WHNP (S (VP has n't (VP shown (NP any willingness (S (VP to (VP *UNK (NP such authority )NP )VP )VP )S )NP )VP )VP )S )SBAR -- )PRN )NP )PP (S (VP to (VP pass (NP (NP the line-item veto law )NP (SBAR (S (NP he )NP (VP seeks )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP White House *UNK )NP (NP last week )NP (VP said (SBAR (S (NP Mr. Bush )NP (VP is (VP considering (S (VP (VP (ADVP simply )ADVP *UNKING (SBAR that (S (NP the Constitution )NP (VP gives (NP him )NP (NP the power )NP )VP )S )SBAR )VP , (VP *UNKING (NP a line-item veto )NP )VP and (VP *UNKING (NP (NP a court challenge )NP (SBAR (S (VP to (VP decide (SBAR whether (S (NP he )NP (VP has (NP the right )NP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Although (S (NP that )NP (VP may (VP sound (PP like (NP (NP an *UNK *UNK )NP (PP of (NP little interest )NP )PP (ADVP outside (NP Washington )NP )ADVP )NP )PP )VP )VP )S )SBAR , (NP it )NP (VP would (VP set (PRT off )PRT (NP a political earthquake )NP )VP )VP . )S  STOP
(SINV `` (S (NP The *UNK )NP (VP are (ADJP enormous )ADJP )VP )S , '' (VP says )VP (NP (NP Rep. Don Edwards )NP , (NP (NP a California Democrat )NP (SBAR (WHNP who )WHNP (S (VP is (NP (NP a senior member )NP (PP of (NP the House *UNKC Committee )NP )PP )NP )VP )S )SBAR )NP )NP . )SINV  STOP
(S `` (NP It )NP (VP 's (NP (NP a real *UNK- arm *UNKING challenge )NP (PP to (NP Congress )NP )PP )NP )VP . '' )S  STOP
(S (S (NP White House aides )NP (VP know (SBAR (S (NP it )NP (VP 's (NP (NP a step )NP (SBAR (WHNP that )WHNP (S (VP ca n't (VP be (VP taken (ADVP *UNKLY )ADVP )VP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )S -- and (S (PP for (NP that reason )NP )PP , (NP the president )NP (VP may (VP back (PRT down )PRT (PP from (S (VP launching (NP a test case )NP (NP this year )NP )VP )S )PP )VP )VP )S . )S  STOP
(S (NP Some senior advisers )NP (VP argue (SBAR that (S (PP with (S (NP (NP further *UNK )NP (PP over (NP (NP a capital-gains tax cut )NP and (NP a *UNK- bill )NP )NP )PP )NP (VP *UNKING )VP )S )PP , (NP Mr. Bush )NP (ADVP already )ADVP (VP has (NP (NP enough pending *UNK )NP (PP with (NP Congress )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP prefer (S (VP to (VP put (PRT off )PRT (NP the line-item veto )NP (PP until (NP (ADVP at least )ADVP next year )NP )PP )VP )VP )S )VP . )S  STOP
(S (ADVP Still )ADVP , (NP (NP Mr. Bush )NP and (NP some other aides )NP )NP (VP are (VP (ADVP strongly )ADVP drawn (PP to (NP (NP the idea )NP (PP of (S (VP trying (PRT out )PRT (NP a line-item veto )NP )VP )S )PP )NP )PP )VP )VP . )S  STOP
(S (NP The issue )NP (VP *UNK (NP last week )NP (SBAR (WHADVP when )WHADVP (S (NP Vice President Dan *UNKC )NP (VP told (NP (NP an audience )NP (PP in (NP Chicago )NP )PP )NP (SBAR that (S (NP Mr. Bush )NP (VP was (VP looking (PP for (NP a test case )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP White House Press Secretary *UNKC Fitzwater )NP (VP (VP confirmed (SBAR that (S (NP Mr. Bush )NP (VP was (ADJP interested (PP in (NP the idea )NP )PP )ADJP )VP )S )SBAR )VP , but (VP *UNKED (SBAR that (S (NP there )NP (VP was n't (NP a firm decision (S (VP to (VP try (NP it )NP )VP )VP )S )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Mr. Bush )NP , (NP former President Reagan )NP and (NP (NP a host )NP (PP of (NP conservative activists )NP )PP )NP )NP (VP have (VP been (VP arguing (SBAR that (S (NP a line-item veto )NP (VP would (VP go (NP a long way )NP (PP in (S (VP *UNKING (NP discipline )NP (PP to (NP the budget process )NP )PP )VP )S )PP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP They )NP (VP maintain (SBAR that (S (NP a president )NP (VP needs (NP the ability (S (VP to (VP (ADVP *UNKLY )ADVP remove (NP (NP *UNK- spending projects )NP (SBAR (WHNP that )WHNP (S (VP are (VP attached (PP to (NP big *UNK spending bills )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Those bills )NP (VP ca n't (VP (ADVP easily )ADVP be (VP *UNKED (PP in (NP their *UNK )NP )PP (SBAR because (S (NP they )NP (ADVP often )ADVP (VP are (VP needed (S (VP to (VP keep (S (NP the government )NP (VP operating )VP )S )VP )VP )S )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP Conservatives )NP (VP note (SBAR that (S (NP 43 *UNK )NP (VP have (NP (NP the line-item veto )NP (SBAR (S (VP to (VP use (PP on (NP state budgets )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP More *UNKLY )ADVP , (NP some conservative legal *UNK )NP (VP have (VP begun (S (VP arguing (SBAR that (S (NP Mr. Bush )NP (VP does n't (VP need (S (VP to (VP wait (PP for (NP (NP a law )NP (VP giving (NP him )NP (NP the veto )NP )VP )NP )PP )VP )VP )S (SBAR because (S (NP the power )NP (ADVP already )ADVP (VP is (ADJP *UNK (PP in (NP the Constitution )NP )PP )ADJP )VP )S )SBAR )VP )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(S (NP They )NP (VP base (NP their argument )NP (PP on (NP (NP a *UNK )NP (VP *UNKED (PP in (NP (NP *UNKC I , Section 7 )NP , (PP of (NP the Constitution )NP )PP )NP )PP )VP (SBAR (WHNP that )WHNP (S (VP states : `` (S (NP (NP Every order , resolution , or vote )NP (SBAR (WHPP to (WHNP which )WHNP )WHPP (S (NP (NP the *UNK )NP (PP of (NP the (NX (NX Senate )NX and (NX (NX House )NX (PP of (NP Representatives )NP )PP )NX )NX )NP )PP )NP (VP may (VP be (ADJP necessary )ADJP (PRN -LRB- (PP except (PP on (NP (NP a question )NP (PP of (NP *UNK )NP )PP )NP )PP )PP -RRB- )PRN )VP )VP )S )SBAR )NP (VP (VP shall (VP be (VP presented (PP to (NP (NP the President )NP (PP of (NP the United States )NP )PP )NP )PP )VP )VP )VP ; and (VP (SBAR before (S (NP the same )NP (VP shall (VP take (NP effect )NP )VP )VP )S )SBAR , shall (VP be (VP (VP approved (PP by (NP him )NP )PP )VP or ... (VP *UNKED (PP by (NP him )NP )PP )VP )VP )VP )VP )VP )S )VP )S )SBAR )NP )PP )VP ... . '' )S  STOP
(S (NP This *UNK )NP (PRN , (S (NP they )NP (VP argue )VP )S , )PRN (VP (VP is (VP designed (S (VP to (VP go (PP beyond (NP (NP an earlier clause )NP (VP *UNKING (SBAR that (S (NP the president )NP (VP can (VP veto (NP a `` bill )NP )VP )VP )S )SBAR )VP )NP )PP )VP )VP )S )VP )VP , '' and (VP is (ADJP broad enough (S (VP to (VP allow (S (NP him )NP (VP to (VP strike (PRT out )PRT (NP (NP items and *UNK )NP (PP within (NP bills )NP )PP )NP )VP )VP )S )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (NP (NP Senate *UNKC Leader Robert Dole )NP (PRN -LRB- (NP R. )NP , (NP *UNKC )NP -RRB- )PRN )NP , (PP for (NP one )NP )PP , (VP (VP *UNK (NP this argument )NP )VP and (VP (NP earlier this year )NP (ADVP publicly )ADVP urged (NP Mr. Bush )NP `` (S (VP to (VP (VP use (NP the line-item veto )NP )VP and (VP allow (S (NP the courts )NP (VP to (VP decide (SBAR whether or not (S (NP it )NP (VP is (ADJP constitutional )ADJP )VP )S )SBAR )VP )VP )S )VP )VP )VP )S )VP )VP . '' )S  STOP
(S (NP There )NP (VP 's (NP little doubt (SBAR (SBAR that (S (NP such a move )NP (VP would (VP be (ADVP immediately )ADVP (VP challenged (PP in (NP court )NP )PP )VP )VP )VP )S )SBAR -- and (SBAR that (S (NP it )NP (VP would (ADVP quickly )ADVP (VP make (NP its way )NP (PP to (NP the Supreme Court )NP )PP (S (VP to (VP be (ADVP ultimately )ADVP (VP resolved )VP )VP )VP )S )VP )VP )S )SBAR )SBAR )NP )VP . )S  STOP
(SINV `` (S (S (NP It )NP (VP 's (NP a major issue )NP )VP )S , and (S (NP they )NP (VP would n't (VP want (S (VP to (VP leave (NP it )NP (PP at (NP a lower level )NP )PP )VP )VP )S )VP )VP )S )S , '' (VP says )VP (NP (NP Stephen *UNKC )NP , (NP (NP a New York attorney )NP (SBAR (WHNP whose *UNK )WHNP (S (VP have (VP been (ADJP *UNK (PP in (S (VP pushing (NP the idea (SBAR that (S (NP a president )NP (ADVP already )ADVP (VP has (NP a line-item veto )NP )VP )S )SBAR )NP )VP )S )PP )ADJP )VP )VP )S )SBAR )NP )NP . )SINV  STOP
(S (NP (NP Rep. Edwards )NP , (NP the California Democrat )NP , )NP (VP is (NP (NP one )NP (SBAR (WHNP who )WHNP (S (VP *UNK (SBAR that (S (NP he )NP (VP would (ADVP immediately )ADVP (VP challenge (NP Mr. Bush )NP (PP in (NP the courts )NP )PP , (S (VP arguing (SBAR (S (NP a line-item veto )NP (VP would (VP expand (NP (NP a president 's )NP powers )NP (PP (ADVP far )ADVP beyond (NP (NP anything )NP (SBAR (S (NP (NP the *UNK )NP (PP of (NP the Constitution )NP )PP )NP (VP had (PP in (NP mind )NP )PP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP )S )VP )VP )S )SBAR )VP )S )SBAR )NP )VP . )S  STOP
(S `` (S (NP It )NP (VP puts (NP this president )NP (PP in (NP the legislative business )NP )PP )VP )S , '' (NP he )NP (VP declares )VP . )S  STOP
(S `` (NP That )NP (VP 's not (SBAR (WHNP what )WHNP (S (NP our *UNK )NP (VP had (PP in (NP mind )NP )PP )VP )S )SBAR )VP . '' )S  STOP
(S (PP In (NP (NP addition )NP (PP to (S (VP giving (NP a president )NP (NP powers (S (VP to (VP *UNK (NP (NP spending bills )NP (VP meant (S (VP to (VP be (VP written (PP in (NP Congress )NP )PP )VP )VP )VP )S )VP )NP )VP )VP )S )NP )VP )S )PP )NP )PP (PRN , (S (NP Rep. Edwards )NP (VP argues )VP )S , )PRN (NP a line-item veto )NP (VP would (VP allow (S (NP the chief executive )NP (VP to (VP *UNK (NP lawmakers )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP He )NP (VP notes (SBAR that , (S (PP as (NP (NP a *UNK )NP (PP from (NP the San Francisco area )NP )PP )NP )PP , (NP he )NP (VP *UNK (NP each year )NP (S (VP to (VP preserve (NP (NP federal funds )NP (PP for (NP the Bay Area *UNKC *UNKC system )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (SBAR If (S (NP a president )NP (VP (VP had (NP a line-item veto )NP )VP and (VP wanted (S (VP to (VP force (S (NP him )NP (VP to (VP support (NP a controversial *UNK- initiative )NP )VP )VP )S )VP )VP )S )VP )VP )S )SBAR (PRN , (S (NP Rep. Edwards )NP (VP says )VP )S , )PRN (NP the president )NP (VP could (VP (VP call )VP and (VP *UNK (SBAR that (S (NP he )NP (VP would (VP (ADVP *UNKLY )ADVP kill (NP the *UNKC funds )NP (SBAR unless (S (NP the congressman )NP (VP `` *UNK (PRT up )PRT '' (PP on (NP the *UNK- issue )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP maintain (SBAR that (S (NP a president )NP (VP would (VP choose (S (VP to (VP use (NP a line-item veto )NP (ADVP (ADVP more *UNKLY )ADVP (PP than (NP that )NP )PP )ADVP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP there )NP (VP may (VP be (NP (NP (NP another problem )NP (PP with (NP the device )NP )PP )NP : (S (PP Despite (NP (NP all the political *UNK )NP (SBAR (S (NP it )NP (VP would (VP cause )VP )VP )S )SBAR )NP )PP , (NP it )NP (VP might n't (VP be (ADJP effective (PP in (S (VP cutting (NP the deficit )NP )VP )S )PP )ADJP )VP )VP )S )NP )VP )VP . )S  STOP
(S (NP (NP Big *UNK )NP (PP of (NP the government budget )NP )PP , (PP like (NP (NP the *UNK programs )NP (PP of (NP (NP Social Security )NP and (NP *UNKC )NP )NP )PP )NP )PP , )NP (VP would n't (VP be (VP affected )VP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP have (VP found (SBAR that (S (NP they )NP (VP have (S (VP to (VP use (NP the device )NP (ADVP *UNKLY )ADVP )VP )VP )S (S (VP to (VP maintain (NP political *UNK )NP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S And (NP (NP it )NP )NP (VP is n't (ADVP even )ADVP (ADJP clear )ADJP (SBAR that (S (NP some *UNK- projects )NP (VP can (VP be (VP hit (PP with (NP a line-item veto )NP )PP )VP )VP )VP )S )SBAR (SBAR because (S (NP they )NP (VP tend (S (VP to (VP be (VP listed (PP (PP in (NP (NP informal conference reports )NP (VP accompanying (NP spending bills )NP )VP )NP )PP rather than (PP in (NP (NP the official bills )NP (NP themselves )NP )NP )PP )PP )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (ADVP Still )ADVP , (NP *UNK )NP (VP contend (SBAR that (S (NP the veto )NP (VP would (VP have (SBAR (WHNP what )WHNP (S (NP Mr. *UNKC )NP (VP calls (S (NP (NP an important `` *UNKING effect '' )NP (PP on (NP (NP all manner )NP (PP of (NP appropriations bills )NP )PP )NP )PP )NP )S )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Lawmakers )NP (PRN , (S (NP they )NP (VP say )VP )S , )PRN (VP would (VP avoid (S (VP putting (NP many spending projects )NP (PP into (NP legislation )NP )PP (PP in (NP the first place )NP )PP )VP )S (PP for (NP (NP fear )NP (PP of (NP (NP the embarrassment )NP (PP of (S (VP having (S (NP them )NP (VP *UNKED (PRT out )PRT (PP for (NP a line-item veto )NP )PP (ADVP later )ADVP )VP )S )VP )S )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(SINV (S (SBAR (WHNP Whatever )WHNP (S (NP (NP the outcome )NP (PP of (NP a test case )NP )PP )NP )S )SBAR , (NP President Bush )NP (VP would (VP have (S (VP to (VP move (ADVP *UNKLY )ADVP )VP )VP )S (SBAR *UNK (S (NP the very attempt )NP (VP would (VP `` *UNK (NP (NP not just Democrats )NP but (NP Republicans )NP )NP )VP )VP )S )SBAR )VP )VP )S , '' (VP says )VP (NP (NP Louis *UNKC )NP , (NP (NP a *UNK )NP (PP at (NP the Congressional Research Service )NP )PP (SBAR (WHNP who )WHNP (S (VP specializes (PP in (NP *UNK- relations )NP )PP )VP )S )SBAR )NP )NP . )SINV  STOP
(S (S (NP Republicans )NP (VP have (NP (NP as much interest )NP (PP as (NP Democrats )NP )PP (PP in `` (NP (NP the way )NP (SBAR (S (NP the system )NP (VP works )VP )S )SBAR )NP )PP )NP )VP )S , '' (NP he )NP (VP notes )VP . )S  STOP
(S (ADVP Indeed )ADVP , (SBAR although (S (NP (NP a majority )NP (PP of (NP Republican lawmakers )NP )PP )NP (VP favor (NP a line-item veto )NP )VP )S )SBAR , (NP some )NP , (S (VP ranging (PP (PP from (NP liberal Oregon Sen. Mark *UNKC )NP )PP (PP to (NP conservative Rep. Edwards )NP )PP )PP )VP )S (VP are (ADJP opposed )ADJP )VP . )S  STOP
(S (NP Rep. Edwards )NP (VP voices (NP the traditional conservative view (SBAR that (S (NP (NP it )NP )NP (VP 's (NP a *UNK )NP (S (VP to (VP put (NP too much (NP power )NP )NP (PP in (NP (NP the hands )NP (PP of (NP a single person )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP (NP Conservatives )NP (VP pushing (PP for (NP a line-item veto )NP )PP (ADVP now )ADVP )VP )NP (PRN , (S (NP he )NP (VP notes )VP )S , )PRN (VP may (VP *UNK (NP it )NP (ADVP later )ADVP )VP )VP )S : (S `` (ADVP *UNKC )ADVP , (NP you )NP (VP 're (VP going (S (VP to (VP have (NP (NP a Democratic president )NP )NP (ADVP again )ADVP '' (SBAR (WHNP who )WHNP (S (VP 'll (VP use (NP his expanded powers )NP (PP against (NP those (ADJP very same )ADJP conservatives )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP )VP )S . )S  STOP
(S `` (NP (NP Every order , resolution , or vote )NP (SBAR (WHPP to (WHNP which )WHNP )WHPP (S (NP (NP the *UNK )NP (PP of (NP the (NX (NX Senate )NX and (NX (NX House )NX (PP of (NP Representatives )NP )PP )NX )NX )NP )PP )NP (VP may (VP be (ADJP necessary )ADJP (PRN -LRB- (PP except (PP on (NP (NP a question )NP (PP of (NP *UNK )NP )PP )NP )PP )PP -RRB- )PRN )VP )VP )S )SBAR )NP (VP (VP shall (VP be (VP presented (PP to (NP (NP the President )NP (PP of (NP the United States )NP )PP )NP )PP )VP )VP )VP ; and (VP (SBAR before (S (NP the same )NP (VP shall (VP take (NP effect )NP )VP )VP )S )SBAR , shall (VP be (VP approved (PP by (NP him )NP )PP )VP )VP )VP , or (VP (S (VP being (VP *UNKED (PP by (NP him )NP )PP )VP )VP )S , shall (VP be (VP *UNKED (PP by (NP (NP two-thirds )NP (PP of (NP the (NX (NX Senate )NX and (NX (NX House )NX (PP of (NP Representatives )NP )PP )NX )NX )NP )PP )NP )PP )VP )VP )VP , (PP according (PP to (NP (NP the rules and limitations )NP (VP *UNKED (PP in (NP (NP the case )NP (PP of (NP a bill )NP )PP )NP )PP )VP )NP )PP )PP )VP . '' )S  STOP
(S (NP This )NP (VP has n't (VP been (NP (NP Kellogg Co. 's )NP year )NP )VP )VP . )S  STOP
(S (NP The *UNK- *UNK )NP (VP has (VP cost (NP (NP the world 's )NP largest *UNK maker )NP (NP market share )NP )VP )VP . )S  STOP
(S (NP (NP The company 's )NP president )NP (VP quit (ADVP suddenly )ADVP )VP . )S  STOP
(S And (ADVP now )ADVP (NP Kellogg )NP (VP is (VP (ADVP *UNKLY )ADVP *UNKING (NP (NP work )NP (PP on (SBAR (WHNP what )WHNP (S (VP was (S (VP to (VP be (NP a (ADJP (QP $ 1 billion )QP )ADJP cereal plant )NP )VP )VP )S )VP )S )SBAR )PP )NP )VP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP it )NP (VP was (VP *UNKING (NP construction )NP (PP because of (NP current market conditions )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S But (S (NP the (NAC *UNKC , Tenn. , )NAC facility )NP (VP was n't (S (VP to (VP begin (S (VP turning (PRT out )PRT (NP product )NP )VP )S (PP until (NP 1993 )NP )PP )VP )VP )S )VP )S , so (S (NP the decision )NP (VP may (VP reveal (NP a (ADJP more pessimistic )ADJP long-term outlook )NP (ADVP as well )ADVP )VP )VP )S . )S  STOP
(S (NP (NP Kellogg )NP , (SBAR (WHNP which )WHNP (S (VP has n't (VP been (ADJP (ADJP as successful )ADJP (PP in (S (VP *UNKING (PP on (NP (NP (NP the public 's )NP *UNKED desire )NP (PP for (NP *UNK *UNK )NP )PP )NP )PP )VP )S )PP (PP as (NP rival General Mills Inc. )NP )PP )ADJP )VP )VP )S )SBAR , )NP (VP has (VP been (VP losing (NP share )NP (PP in (NP the (ADJP (QP $ 6 billion )QP )ADJP *UNK- cereal market )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP Kellogg 's )NP current share )NP (VP is (VP believed (S (VP to (VP be (NP (QP slightly under 40 )QP % )NP )VP )VP )S (SBAR while (S (NP (NP General Mills ' )NP share )NP (VP is (NP (QP about 27 )QP % )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (VP *UNKED (PP by (NP its *UNKED *UNKC line )NP )PP )VP )S , (NP General Mills )NP (VP has (VP gained (NP an estimated (ADJP 2 % )ADJP share )NP (NP (ADVP so far )ADVP this year )NP , (PP (ADVP mostly )ADVP at (NP (NP the expense )NP (PP of (NP Kellogg )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Each share point )NP (VP is (ADJP worth (NP (NP (QP about $ 60 million )QP )NP (PP in (NP sales )NP )PP )NP )ADJP )VP . )S  STOP
(S (NP Analysts )NP (VP say (SBAR (S (NP (NP much )NP (PP of (NP (NP Kellogg 's )NP *UNK )NP )PP )NP (VP has (VP been (PP in (NP (NP such core brands )NP (PP as (NP (NP *UNKC *UNKC )NP , (NP *UNKC *UNKC )NP and (NP *UNKED *UNKC )NP )NP )PP , (SBAR (WHNP which )WHNP (S (VP represent (NP (NP (QP nearly one-third )QP )NP (PP of (NP its sales volume )NP )PP )NP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Kellogg )NP (VP is (ADJP (ADJP so anxious (S (VP to (VP turn (PRT around )PRT (NP *UNKC *UNKC sales )NP )VP )VP )S )ADJP (SBAR that (S (NP it )NP (ADVP soon )ADVP (VP will (VP begin (S (VP selling (NP *UNK )NP (PP for (NP (QP as little as 99 )QP cents )NP )PP )VP )S )VP )VP )S )SBAR )ADJP )VP )S , (NP trade sources )NP (VP say )VP . )S  STOP
(SINV `` (S (NP (NP *UNKC )NP and (NP *UNKC *UNKC *UNKC )NP )NP (VP have (VP *UNK (PRT away )PRT (NP (NP sales )NP (VP (ADVP normally )ADVP going (PP to (NP (NP Kellogg 's )NP *UNKED lines )NP )PP )VP )NP (SBAR (ADVP simply )ADVP because (S (NP they )NP (VP are (VP made (PP of (NP *UNK )NP )PP )VP )VP )S )SBAR )VP )VP )S , '' (VP says )VP (NP Merrill Lynch food analyst William *UNKC )NP . )SINV  STOP
(S `` (NP They )NP (VP are not (NP (NP a happy group )NP (PP of (NP people )NP )PP )NP (PP at (NP *UNKC *UNKC )NP )PP (ADVP right now )ADVP )VP . '' )S  STOP
(S (NP Kellogg )NP (VP is (VP based (PP in (NP (NP (NP Battle *UNKC )NP , (NP Mich. )NP , )NP (NP (NP a city )NP (SBAR (WHNP that )WHNP (S (VP calls (S (NP itself )NP (NP (NP the *UNK capital )NP (PP of (NP the world )NP )PP )NP )S )VP )S )SBAR )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Another analyst )NP , (NP (NP John C. Maxwell Jr. )NP (PP of (NP (NP *UNKC , First Securities )NP (PP in (NP (NP Richmond )NP , (NP Va. )NP )NP )PP )NP )PP )NP , )NP (ADVP recently )ADVP (VP went (PP to (NP (NP a `` sell '' recommendation )NP (PP on (NP (NP Kellogg stock )NP , (SBAR (WHNP which )WHNP (S (VP closed (NP Friday )NP (PP at (NP $ *UNKN )NP )PP , (ADVP down (NP 75 cents )NP )ADVP , (PP in (NP New York Stock Exchange composite trading )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S `` (S (NP I )NP (VP do n't (VP think (SBAR (S (NP Kellogg )NP (VP can (VP get (ADVP back (PP to (NP 40 % )NP )PP )ADVP (NP this year )NP )VP )VP )S )SBAR )VP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S `` (NP (NP Kellogg 's )NP main problem )NP (VP is (NP life style )NP )VP . )S  STOP
(S (NP People )NP (VP are (VP (VP reading (NP the boxes )NP )VP and (VP deciding (SBAR (S (NP they )NP (VP want (NP (NP something )NP (SBAR (WHNP that )WHNP (S (VP 's (ADJP ` healthy ' (PP for (NP you )NP )PP )ADJP )VP )S )SBAR -- (NP *UNK , *UNK )NP )NP )VP )S )SBAR )VP )VP )VP . '' )S  STOP
(S (NP Mr. Maxwell )NP (VP said (SBAR (S (NP he )NP (VP would n't (VP be (ADJP surprised )ADJP (SBAR if , (S (PP over (NP the next two years (QP or so )QP )NP )PP , (NP (NP General Mills ' )NP share )NP (VP increased (PP to (NP 30 % (QP or more )QP )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (S (VP announcing (NP the plant delay )NP )VP )S )PP , (NP Kellogg Chairman William E. *UNKC )NP (VP said , `` (S (NP (NP *UNKC volume growth )NP (PP in (NP the U.S. )NP )PP )NP (VP has not (VP met (NP (NP our expectations )NP (PP for (NP 1989 )NP )PP )NP )VP )VP )S )VP . '' )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP construction )NP (VP would n't (VP resume (SBAR until (S (NP market conditions )NP (VP warrant (NP it )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Kellogg )NP (VP indicated (SBAR that (S (NP it )NP (VP has (NP (NP room )NP (SBAR (S (VP to (VP grow )VP )VP )S )SBAR )NP (PP without (S (VP adding (NP facilities )NP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP has (NP (NP five other U.S. plants )NP , (PP including (NP (NP a modern facility )NP (PP at (NP its Battle Creek headquarters )NP )PP (VP known (PP as (NP (NP Building 100 )NP , (SBAR (WHNP which )WHNP (S (VP is (S (VP to (VP add (NP *UNKING and *UNKING capacity )NP (NP next year )NP )VP )VP )S )VP )S )SBAR )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(S (NP General Mills )NP , (ADVP meanwhile )ADVP , (VP finds (S (NP itself )NP (VP *UNKED (PP from (S (VP boosting (NP sales )NP (ADVP further )ADVP )VP )S )PP (SBAR because (S (NP its plants )NP (VP are (VP operating (PP at (NP capacity )NP )PP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP (NP A large plant )NP (PP in (NP (NP *UNKC )NP , (NP *UNKC )NP , )NP )PP )NP (VP is (S (VP to (VP come (PP on (NP line )NP )PP (NP next year )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP A Kellogg officer )NP , (SBAR (WHNP who )WHNP (S (VP asked (S not (VP to (VP be (VP named )VP )VP )VP )S )VP )S )SBAR , )NP (VP said (SBAR (S (NP the *UNKC project )NP (VP was `` (VP pulled (PRT in )PRT (PP for (NP (NP a *UNK )NP (PP of (NP costs )NP )PP )NP )PP , '' (NP an indication (SBAR that (S (NP the ambitious plans )NP (VP might (VP be (VP *UNKED (PRT back )PRT (PP in (NP any future construction )NP )PP )VP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC cost estimates )NP (PP for (NP (NP the plant )NP , (SBAR (WHNP which )WHNP (S (VP was (S (VP to (VP have (VP been (VP built (PP in (NP *UNK )NP )PP )VP )VP )VP )VP )S )VP )S )SBAR , )NP )PP )NP (VP *UNKED (PP (PP from (NP (QP $ 1 billion )QP )NP )PP (PP to (NP (QP $ 1.2 billion )QP )NP )PP )PP )VP . )S  STOP
(S (NP A company spokesman )NP (VP said (SBAR (S (NP (NP it )NP )NP (VP was `` (ADJP (ADJP possible )ADJP , but (ADJP highly unlikely )ADJP , )ADJP '' (SBAR that (S (NP the plant )NP (VP might (ADVP never )ADVP (VP be (VP built )VP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S `` (S (SBAR (SBAR As (S (NP we )NP (VP regain (NP (NP our leadership level )NP (SBAR (WHADVP where )WHADVP (S (NP we )NP (VP have (VP been )VP )VP )S )SBAR )NP )VP )S )SBAR , and (SBAR as (S (NP we )NP (VP (VP continue (S (VP to (VP put (NP new products )NP (PP into (NP the marketplace )NP )PP )VP )VP )S )VP and (VP need (NP additional capacity )NP )VP )VP )S )SBAR )SBAR , (NP we )NP (VP will (VP look (PP at (S (VP *UNKING (NP (NP our involvement )NP (PP with (NP our plan )NP )PP )NP )VP )S )PP )VP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP The new facility )NP (VP was (S (VP to (VP have (VP been (NP (NP (NP the world 's )NP (ADJP most advanced )ADJP cereal manufacturing plant )NP , and (NP (NP Kellogg 's )NP largest construction project )NP )NP )VP )VP )VP )S )VP . )S  STOP
(S (NP The company )NP (VP had (VP retained (NP (NP the *UNKC Daniel unit )NP (PP of (NP *UNKC Corp. )NP )PP )NP (PP as (NP general contractor )NP )PP )VP )VP . )S  STOP
(S But (PP in (NP recent weeks )NP )PP , (NP *UNK- sources )NP (VP reported (SBAR that (S (NP early *UNK work )NP (VP was (VP slowing (PP at (NP the *UNK- site )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP they )NP (VP were (VP told (SBAR that (S (NP equipment orders )NP (VP would (VP be (VP delayed )VP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Fluor Daniel )NP (ADVP already )ADVP (VP has (VP *UNKED (NP (NP most )NP (PP of (NP its work *UNK )NP )PP )NP )VP )VP )S , (NP the sources )NP (VP said )VP . )S  STOP
(S (NP (NP Last Friday 's )NP announcement )NP (VP was (NP the first official word (SBAR (SBAR that (S (NP the project )NP (VP was (PP in (NP trouble )NP )PP )VP )S )SBAR and (SBAR that (S (NP (NP (NP the company 's )NP plans )NP (PP for (NP (NP a surge )NP (PP in (NP market share )NP )PP )NP )PP )NP (VP may (VP have (VP been (ADJP *UNKLY optimistic )ADJP )VP )VP )VP )S )SBAR )SBAR )NP )VP . )S  STOP
(S (PP Until (NP recently )NP )PP , (NP Kellogg )NP (VP had (VP been (VP telling (NP (NP its sales force )NP and (NP Wall Street )NP )NP (SBAR that (S (PP by (NP 1992 )NP )PP (NP it )NP (VP intended (S (VP to (VP achieve (NP (NP a (ADJP 50 % )ADJP share )NP (PP of (NP market )NP )PP , (VP measured (PP in (NP dollar volume )NP )PP )VP )NP )VP )VP )S )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (SBAR Although (S (NP he )NP (VP called (S (NP current market conditions )NP `` (ADJP highly competitive )ADJP )S )VP )S )SBAR , '' (NP (NP Mr. *UNKC )NP , (NP (NP Kellogg 's )NP (NX (NX chairman )NX and (NX chief executive officer )NX )NX )NP , )NP (VP forecast (NP an earnings increase )NP (PP for (NP the full year )NP )PP )VP . )S  STOP
(S (NP Last year )NP , (NP the company )NP (VP earned (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP (PP on (NP (NP sales )NP (PP of (NP (QP $ 4.3 billion )QP )NP )PP )NP )PP )VP . )S  STOP
(S (SBAR As (S (VP expected )VP )S )SBAR , (NP Kellogg )NP (VP reported (NP lower third-quarter earnings )NP )VP . )S  STOP
(S (NP Net )NP (VP fell (NP 16 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )VP . )S  STOP
(S (NP Sales )NP (VP rose (NP 4.8 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP had (NP (NP a one-time charge )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP (PP in (NP the latest quarter )NP )PP (S (VP covering (NP (NP the *UNK )NP (PP of (NP certain assets )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP The company )NP (VP would n't (VP elaborate , (S (VP citing (NP competitive reasons )NP )VP )S )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC Corp. )NP , (SBAR (WHNP which )WHNP (S (VP is (VP selling (NP three automotive replacement parts divisions )NP )VP )VP )S )SBAR , )NP (VP said (SBAR (S (NP it )NP (VP will (VP retain (NP its *UNKC *UNKC and *UNKC *UNKC divisions )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The divisions )NP (SBAR (WHNP that )WHNP (S (NP Parker *UNKC )NP (VP is (VP *UNKING )VP )VP )S )SBAR )NP (VP were n't (VP mentioned (PP in (NP (NP Thursday 's )NP edition )NP )PP )VP )VP . )S  STOP
(S (NP The following )NP (VP were (PP among (NP (NP (NP Friday 's )NP offerings and pricings )NP (PP in (NP the U.S. and non-U.S. capital markets )NP )PP )NP )PP , (PP with (NP (NP terms )NP and (NP syndicate manager )NP )NP )PP , (SBAR as (S (VP compiled (PP by (NP Dow Jones Capital Markets Report )NP )PP )VP )S )SBAR )VP : )S  STOP
(NP (NP Sun Microsystems Inc. )NP -- (NP (NP (QP $ 125 million )QP )NP (PP of (NP (NP (ADJP (QP 6 3\/8 )QP % )ADJP convertible subordinated debentures )NP (ADJP due (NP Oct. 15 , 1999 )NP )ADJP , (VP priced (PP at (NP *UNKN )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )NP )PP )NP . )NP  STOP
(S (NP The debentures )NP (VP are (ADJP convertible (PP into (NP common stock )NP )PP (PP at (NP (NP $ 25 )NP (NP a share )NP )NP )PP )ADJP , (S (VP representing (NP (NP a (ADJP 24 % )ADJP conversion premium )NP (PP over (NP (NP Thursday 's )NP closing price )NP )PP )NP )VP )S )VP . )S  STOP
(S (S (VP (VP Rated (ADJP *UNK- )ADJP (PP by (NP (NP Moody 's )NP Investors Service Inc. )NP )PP )VP and (VP (ADJP *UNK- )ADJP (PP by (NP (NP Standard & Poor 's )NP Corp. )NP )PP )VP )VP )S , (NP the issue )NP (VP will (VP be (VP sold (PP through (NP (NP underwriters )NP (VP led (PP by (NP Goldman , Sachs & Co )NP )PP )VP )NP )PP )VP )VP )VP . )S  STOP
(NP (NP *UNKC Corp. )NP -- (NP (NP (NP (QP $ 100 million )QP )NP (PP of (NP (NP senior notes )NP (ADJP due (NP Nov. 1 , 2009 )NP )ADJP , (VP priced (PP at (NP par )NP )PP (S (VP to (VP yield (NP 9 % )NP )VP )VP )S )VP )NP )PP )NP )NP . )NP  STOP
(S (NP (NP The issue )NP , (SBAR (WHNP which )WHNP (S (VP is (ADJP *UNK (ADVP back (PP to (NP the company )NP )PP )ADVP )ADJP (PP in (NP 1999 )NP )PP )VP )S )SBAR , )NP (VP was (VP priced (PP at (NP (NP a spread )NP (PP of (NP (NP 110 basis points )NP (PP above (NP (NP the Treasury 's )NP 10-year note )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (VP (VP Rated (ADJP single-A-3 )ADJP (PP by (NP Moody 's )NP )PP )VP and (VP (ADJP *UNK- )ADJP (PP by (NP S&P )NP )PP )VP )VP )S , (NP the issue )NP (VP will (VP be (VP sold (PP through (NP (NP underwriters )NP (VP led (PP by (NP Merrill Lynch Capital Markets )NP )PP )VP )NP )PP )VP )VP )VP . )S  STOP
(NP (NP (NP Canadian Imperial Bank )NP (PP of (NP Commerce )NP )PP (PRN -LRB- (NP Canada )NP -RRB- )PRN )NP -- (NP (NP (QP 10 billion )QP yen )NP (PP of (NP (NP (ADJP *UNKN % )ADJP bonds )NP (ADJP due (NP Nov. 17 , 1992 )NP )ADJP , (VP priced (PP at (NP (QP 101 1\/4 )QP )NP )PP (S (VP to (VP yield (NP (NP *UNKN % )NP (PP less (NP full fees )NP )PP )NP )VP )VP )S )VP , (PP via (NP *UNKC International Ltd )NP )PP )NP )PP )NP . )NP  STOP
(NP Fees 1 3\/8 . )NP  STOP
(S (NP The Singapore and *UNKC *UNKC stock exchanges )NP (VP are (VP *UNKING (PP for (NP a *UNK *UNK )NP )PP , (PP following (NP (NP *UNKC Finance Minister *UNKC *UNKC 's )NP *UNKED announcement (SBAR that (S (NP the exchanges )NP (VP will (VP *UNK (NP ties )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (PP On (NP Friday )NP )PP , (NP *UNKC *UNKC )NP (VP added (NP *UNK )NP (PP to (NP (NP an (ADJP otherwise *UNK )ADJP address )NP (PP on (NP (NP (NP Malaysia 's )NP proposed budget )NP (PP for (NP 1990 )NP )PP )NP )PP )NP )PP (PP by (S (VP ordering (NP the *UNKC *UNKC Stock Exchange )NP `` (S (VP to (VP take (NP appropriate action )NP (ADVP immediately )ADVP '' (S (VP to (VP cut (NP (NP its links )NP (PP with (NP (NP the Stock Exchange )NP (PP of (NP Singapore )NP )PP )NP )PP )NP )VP )VP )S )VP )VP )S )VP )S )PP )VP . )S  STOP
(S (S (NP (NP The *UNKING )NP (PP of (NP *UNKED companies )NP )PP (PP from (NP the Singapore exchange )NP )PP )NP (VP may not (VP be (NP a smooth process )NP )VP )VP )S , (NP analysts )NP (VP say )VP . )S  STOP
(S (SBAR Though (S (NP the split )NP (VP has (ADVP long )ADVP (VP been (VP expected )VP )VP )VP )S )SBAR , (NP the exchanges )NP (VP are n't (VP (ADVP fully )ADVP prepared (S (VP to (VP go (NP their separate ways )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The finance minister 's )NP order )NP (VP was n't (VP (VP sparked (PP by (NP a single event )NP )PP )VP and (VP does n't (VP indicate (NP (NP a *UNKING )NP (PP in (NP (NP relations )NP (PP between (NP the *UNKING countries )NP )PP )NP )PP )NP )VP )VP )VP )VP . )S  STOP
(S (ADVP Rather )ADVP , (NP the two (ADJP closely linked )ADJP exchanges )NP (VP have (VP been (VP *UNKING (ADVP apart )ADVP (PP for (NP some years )NP )PP , (PP with (NP (NP (NP a (ADJP nearly *UNK- )ADJP *UNK )NP (PP on (NP new dual *UNK )NP )PP )NP , (NP (ADJP separate and different )ADJP listing requirements )NP , (NP *UNKING trading and settlement guidelines )NP and (NP *UNKING *UNK- aims )NP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP (NP *UNKC *UNKC Corp. 's )NP plant )NP (PP in (NP (NP Morris )NP , (NP Ill. )NP , )NP )PP )NP (VP is (VP expected (S (VP to (VP resume (NP production )NP (PP in (NP early 1990 )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP The year )NP (VP was (VP *UNKED (PP in (NP (NP Friday 's )NP *UNK )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP Italy 's )NP trade deficit )NP (VP narrowed (PP to (NP (NP (QP *UNKN trillion )QP lire )NP (PRN -LRB- (NP (QP $ *UNKN billion )QP )NP -RRB- )PRN )NP (PP in (NP September )NP )PP )PP (PP from (NP (QP *UNKN trillion )QP lire )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP )S , (NP the state statistical office *UNKC )NP (VP said )VP . )S  STOP
(S (NP The deficit )NP (VP was (NP (QP *UNKN billion )QP lire )NP (PP in (NP August )NP )PP )VP . )S  STOP
(S (PP For (NP the first nine months )NP )PP , (NP the trade deficit )NP (VP was (NP (QP *UNKN trillion )QP lire )NP , (PP compared (PP with (NP (NP (QP *UNKN trillion )QP lire )NP (PP in (NP the year-earlier period )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP the statistics )NP (VP (VP are (ADJP *UNK )ADJP )VP and (VP are n't (ADVP seasonally )ADVP adjusted )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP rose (NP 11 % )NP (PP to (NP (QP *UNKN trillion )QP lire )NP (PP in (NP September )NP )PP )PP (PP from (NP a year earlier )NP )PP , (SBAR while (S (NP exports )NP (VP rose (NP 17 % )NP (PP to (NP (QP *UNKN trillion )QP lire )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP the nine months )NP )PP , (NP imports )NP (VP rose (NP 20 % )NP (PP to (NP (QP *UNKN trillion )QP lire )NP )PP , (SBAR while (S (NP exports )NP (VP grew (NP 18 % )NP (PP to (NP (QP *UNKN trillion )QP lire )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC values )NP (VP are (VP calculated (PP on (NP a cost , insurance and freight (PRN -LRB- *UNK . -RRB- )PRN basis )NP )PP , (SBAR while (S (NP exports )NP (VP are (VP accounted (PP for )PP (PP on (NP a *UNK- (PRN -LRB- *UNK . -RRB- )PRN basis )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (SBAR As (S (NP competition )NP (VP *UNK (PRT up )PRT (PP in (NP (NP Spain 's )NP crowded bank market )NP )PP )VP )S )SBAR , (NP Banco Exterior de *UNKC )NP (VP is (VP seeking (S (VP to (VP (VP shed (NP (NP its image )NP (PP of (NP a state-owned bank )NP )PP )NP )VP and (VP move (PP into (NP new activities )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S (PP Under (NP (NP the direction )NP (PP of (NP (NP its new chairman )NP , (NP Francisco Luzon )NP , )NP )PP )NP )PP (NP (NP Spain 's )NP (ADJP *UNK largest )ADJP bank )NP (VP is (VP *UNKING (NP (NP a tough restructuring )NP (SBAR (WHNP that )WHNP (S (NP analysts )NP (VP say (SBAR (S (VP may (VP be (NP (NP the first step )NP (PP toward (NP (NP the bank 's )NP privatization )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP The state-owned industrial holding company *UNKC *UNKC de *UNKC )NP and (NP (NP the Bank )NP (PP of (NP Spain )NP )PP )NP )NP (VP (ADVP jointly )ADVP hold (NP (NP a (ADJP *UNKN % )ADJP stake )NP (PP in (NP Banco Exterior )NP )PP )NP )VP . )S  STOP
(S (S (NP The government )NP (VP (ADVP directly )ADVP owns (NP *UNKN % )NP )VP )S and (S (NP (NP *UNKC )NP , (NP a financial services company )NP , )NP (VP holds (NP *UNKN % )NP )VP )S . )S  STOP
(S (NP The rest )NP (VP is (VP listed (PP on (NP Spanish stock exchanges )NP )PP )VP )VP . )S  STOP
(S (NP Some analysts )NP (VP are (ADJP concerned , (ADVP however )ADVP , (SBAR that (S (NP Banco Exterior )NP (VP may (VP have (VP waited (ADVP too long )ADVP (S (VP to (VP *UNK (PP from (NP its traditional *UNKED activities )NP )PP )VP )VP )S )VP )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (S (VP *UNKING (PRT up )PRT (PP with (NP (NP commercial competitors )NP (PP in (NP (NP retail banking )NP and (NP financial services )NP )NP )PP )NP )PP )VP )S (PRN , (S (NP they )NP (VP argue )VP )S , )PRN (VP will (VP be (ADJP difficult )ADJP , (SBAR (ADVP particularly )ADVP if (S (NP market conditions )NP (VP turn (ADJP sour )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (SBAR If (S (NP that )NP (VP *UNK (ADJP true )ADJP )VP )S )SBAR , (NP analysts )NP (VP say (SBAR (S (NP Banco Exterior )NP (VP could (VP be (NP (NP (NP a prime partner )NP (PRN -- or even (NP a takeover target )NP -- )PRN )NP (PP for (NP (NP either a (ADJP Spanish or foreign )ADJP bank )NP (VP seeking (S (VP to (VP increase (NP its market share )NP )VP )VP )S )VP )NP )PP )NP (PP after (NP (NP 1992 )NP , (SBAR (WHADVP when )WHADVP (S (NP the European Community )NP (VP plans (S (VP to (VP *UNK (NP financial barriers )NP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP With (NP (NP (NP 700 branches )NP (PP in (NP Spain )NP )PP )NP and (NP (NP (NP 12 banking subsidiaries )NP , (NP five branches )NP and (NP 12 representative offices )NP )NP (ADVP abroad )ADVP )NP )NP )PP , (NP the Banco Exterior group )NP (VP has (NP (NP a lot )NP (SBAR (S (VP to (VP offer (NP a potential suitor )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Mr. Luzon )NP and (NP his team )NP )NP , (ADVP however )ADVP , (VP say (SBAR (S (NP they )NP (VP are n't (ADJP interested (PP in (NP a merger )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Instead )ADVP , (NP they )NP (VP are (VP working (S (VP to (VP transform (NP Banco Exterior )NP (PP into (NP an efficient bank )NP )PP (PP by (NP (NP the end )NP (PP of (NP 1992 )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S `` (S (NP I )NP (VP want (S (NP this )NP (VP to (VP be (NP (NP a model )NP (PP of (NP (NP the way )NP (SBAR (S (NP a *UNKED company )NP (VP should (VP be (VP run )VP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP )S , '' (NP Mr. Luzon )NP (VP says )VP . )S  STOP
(S (NP Banco Exterior )NP (VP was (VP created (PP in (NP *UNKN )NP )PP (S (VP to (VP provide (NP *UNKED credits )NP (PP for (NP Spanish exports )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The market )NP (PP for (NP export financing )NP )PP )NP (VP was (VP *UNKED (PP in (NP the *UNK- )NP )PP , (ADVP however )ADVP , (S (VP forcing (S (NP the bank )NP (VP to (VP face (NP competition )NP )VP )VP )S )VP )S )VP )VP . )S  STOP
(S (PP At (NP the same time )NP )PP , (NP (NP many )NP (PP of (NP (NP (NP Spain 's )NP traditional export markets )NP (PP in (NP (NP Latin America )NP and (NP other developing areas )NP )NP )PP )NP )PP )NP (VP faced (NP (NP a sharp decline )NP (PP in (NP economic growth )NP )PP )NP )VP . )S  STOP
(S (PP As (NP a result )NP )PP , (NP (NP the volume )NP (PP of (NP (NP Banco Exterior 's )NP export credit portfolio )NP )PP )NP (VP plunged (PP from (NP (NP (QP *UNKN billion )QP *UNK )NP (PRN -LRB- (NP (QP $ *UNKN billion )QP )NP -RRB- )PRN )NP (PP as (PP of (NP Dec. 31 , 1986 )NP )PP )PP )PP , (PP to (NP its current (QP *UNKN billion )QP *UNK )NP )PP )VP . )S  STOP
(S (NP (NP The other two main *UNK )NP (PP of (NP (NP Banco Exterior 's )NP traditional business )NP )PP (PRN -- (NP (NP wholesale banking )NP and (NP foreign currency trading )NP )NP -- )PRN )NP (ADVP also )ADVP (VP began (S (VP to (VP *UNK (PP under (NP (NP the weight )NP (PP of (NP (NP heavy competition )NP and (NP changing client needs )NP )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (S (NP The bank )NP (VP was (VP *UNK (PP in (NP its efforts (S (VP to (VP face (NP (NP the challenges )NP (PP of (NP a changing market )NP )PP )NP )VP )VP )S )NP )PP (PP by (NP (NP its links )NP (PP to (NP the government )NP )PP )NP )PP )VP )VP )S , (NP analysts )NP (VP say )VP . )S  STOP
(S (SBAR Until (S (NP Mr. Luzon )NP (VP took (NP the *UNK )NP (NP last November )NP )VP )S )SBAR , (NP Banco Exterior )NP (VP was (VP run (PP by (NP (NP politicians )NP (SBAR (WHNP who )WHNP (S (VP lacked (NP either (NP (NP the skills )NP )NP or (NP (NP the will )NP )NP (SBAR (S (VP to (VP introduce (NP *UNK changes )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S But (NP Mr. Luzon )NP (VP has (VP moved (ADVP *UNKLY )ADVP (S (VP to (VP (VP streamline (NP bureaucracy )NP )VP , (VP cut (NP costs )NP )VP , (VP increase (NP capital )NP )VP and (VP build (PRT up )PRT (NP (NP new areas )NP (PP of (NP business )NP )PP )NP )VP )VP )VP )S )VP )VP . )S  STOP
(S `` (S (NP We )NP (VP 've (VP got (NP (NP a lot )NP (SBAR (S (VP to (VP do )VP )VP )S )SBAR )NP )VP )VP )S , '' (NP he )NP (VP acknowledged )VP . )S  STOP
(S `` (NP We )NP (VP 've (VP got (S (VP to (VP move (ADVP quickly )ADVP )VP )VP )S )VP )VP . '' )S  STOP
(S (PP In (NP (NP Mr. Luzon 's )NP first year )NP )PP , (NP the bank )NP (VP eliminated (NP 800 jobs )NP )VP . )S  STOP
(S (ADVP Now )ADVP (NP it )NP (VP says (SBAR (S (NP it )NP (VP 'll (VP trim (NP (QP another *UNKN )QP jobs )NP (PP over (NP the next (QP three to four )QP years )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The bank )NP (VP (VP employs (NP 8,000 people )NP (PP in (NP Spain )NP )PP )VP and (VP (NP 2,000 )NP (ADVP abroad )ADVP )VP )VP . )S  STOP
(S (S (VP To (VP strengthen (NP its capital base )NP )VP )VP )S , (NP Banco Exterior )NP (NP this year )NP (VP (VP issued (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP subordinated debt )NP )PP )NP )VP , (VP launched (NP two rights issues )NP )VP and (VP sold (NP (NP stock )NP (VP held (PP in (NP its treasury )NP )PP )VP )NP (PP to (NP small investors )NP )PP )VP )VP . )S  STOP
(S (NP The bank )NP (VP is (ADVP now )ADVP (VP (ADVP aggressively )ADVP marketing (NP retail services )NP (PP at (NP its domestic branches )NP )PP )VP )VP . )S  STOP
(S (NP (NP (NP Last year 's )NP drop )NP (PP in (NP export credit )NP )PP )NP (VP was (VP (ADVP *UNKLY )ADVP offset (PP by (NP (NP a (ADJP 15 % )ADJP surge )NP (PP in (NP (NP lending )NP (PP to (NP (NP individuals )NP and (NP (ADJP small and *UNKED )ADJP companies )NP )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (SBAR Though (S (NP Spain )NP (VP has (NP (NP an excess )NP (PP of (NP banks )NP )PP )NP )VP )S )SBAR , (NP analysts )NP (VP say (SBAR (S (NP the country )NP (ADVP still )ADVP (VP has (NP (NP one )NP (PP of (NP (NP the (ADJP most profitable )ADJP markets )NP (PP in (NP Europe )NP )PP )NP )PP , (SBAR (WHNP which )WHNP (S (VP will (VP aid (NP Banco Exterior )NP (PP with (NP (NP the tough tasks )NP (SBAR (S (NP it )NP (VP faces (ADVP ahead )ADVP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC plans )NP (ADVP also )ADVP (VP include (NP (NP acquisitions )NP (PP in (NP growing foreign markets )NP )PP )NP )VP . )S  STOP
(S (NP The bank )NP (VP says (SBAR (S (NP it )NP (VP 's (ADJP interested (PP in (S (VP purchasing (NP banks )NP (PP in (NP (NP *UNKC )NP , (NP *UNKC )NP and (NP Puerto Rico )NP )NP )PP )VP )S )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP (NP the bank 's )NP retail activities )NP (PP in (NP Latin America )NP )PP )NP (VP are (ADJP likely (S (VP to (VP be (VP cut (PRT back )PRT )VP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP Banco Exterior )NP (VP was (NP (NP one )NP (PP of (NP (NP the last banks )NP (SBAR (S (VP to (VP create (NP a brokerage house )NP (SBAR before (S (NP the four Spanish stock exchanges )NP (VP *UNK (NP sweeping changes )NP (PP in (NP July )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP The late start )NP (VP may (VP be (NP a *UNK )NP (PP for (NP the bank )NP )PP (SBAR as (S (NP Spain )NP (VP continues (S (VP to (VP open (PRT up )PRT (NP its market )NP (PP to (NP foreign competition )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S But (NP Mr. Luzon )NP (VP contends (SBAR that (S (NP (NP the experienced team )NP (SBAR (S (NP he )NP (VP brought (PP with (NP him )NP )PP (PP from (NP (NP Banco *UNKC *UNKC )NP , (SBAR (WHADVP where )WHADVP (S (NP he )NP (VP was (ADVP formerly )ADVP (NP director general )NP )VP )S )SBAR , )NP )PP )VP )S )SBAR )NP (VP will (VP *UNK (NP (NP the bank 's )NP capital market division )NP (PP into (NP shape )NP )PP (PP by (NP (NP the end )NP (PP of (NP 1992 )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The bank )NP (ADVP also )ADVP (VP says (SBAR (S (NP it )NP (VP 'll (VP use (NP its international network )NP (S (VP to (VP channel (NP investment )NP (PP from (NP London , Frankfurt , Zurich and Paris )NP )PP (PP into (NP the Spanish stock exchanges )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP General Motors Corp. 's )NP general counsel )NP (VP hopes (S (VP to (VP cut (NP (NP the number )NP (PP of (NP (NP outside law firms )NP (SBAR (S (NP the auto maker )NP (VP uses )VP )S )SBAR )NP )PP )NP (PP from (NP about 700 )NP )PP (PP to (NP 200 )NP )PP (PP within (NP two years )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP Harry J. *UNKC )NP , (VP named (S (NP general counsel )NP )S (PP in (NP May 1987 )NP )PP )VP , )NP (VP says (SBAR (S (NP the reduction )NP (VP is (NP (NP a cost-cutting measure )NP and (NP an effort (S (VP to (VP let (NP (NP the No. 1 auto maker 's )NP *UNK- in-house legal department )NP (VP take (PRT on )PRT (NP (NP matters )NP (SBAR (S (NP it )NP (VP is (VP (ADVP better )ADVP *UNKED and *UNKED (S (VP to (VP handle )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP )VP )S )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP GM )NP (VP trimmed (NP (QP about 40 )QP firms )NP (PP from (NP its approved local counsel list )NP )PP )VP )S , (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S (NP The move )NP (VP is (ADJP consistent (PP with (NP a trend (SBAR for (S (NP corporate legal *UNK )NP (VP to (VP do (NP more work )NP (ADVP in-house )ADVP , (PP instead of (S (VP *UNKING (NP it )NP (PRT out )PRT (PP to (NP law firms )NP )PP )VP )S )PP )VP )VP )S )SBAR )NP )PP )ADJP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP set (PRT up )PRT (NP (NP GM 's )NP first in-house litigation group )NP (PP in (NP May )NP )PP (PP with (NP (NP four lawyers )NP , (NP (NP all former assistant U.S. attorneys )NP (PP with (NP extensive trial experience )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP He )NP (VP intends (S (VP to (VP add (PP to (NP the litigation staff )NP )PP )VP )VP )S )VP . )S  STOP
(SINV (PP Among (NP (NP the types )NP (PP of (NP cases )NP )PP (SBAR (S (NP the in-house *UNK )NP (VP handle )VP )S )SBAR )NP )PP (VP are )VP (NP (NP (NP disputes )NP (VP involving (NP (NP companies )NP (VP doing (NP business )NP (PP with (NP GM )NP )PP )VP )NP )VP )NP and (NP (NP *UNKED actions )NP , (PP including (NP (NP one )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP a *UNK )NP (VP is (VP *UNKING (NP GM )NP (PP for (NP (NP damages )NP (VP resulting (PP from (NP an accident )NP )PP )VP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )NP . )SINV  STOP
(S (NP Mr. Pearce )NP (VP has (ADVP also )ADVP (VP encouraged (S (NP his staff )NP (VP to (VP work (ADVP more closely )ADVP (PP with (NP (NP GM 's )NP technical staffs )NP )PP (S (VP to (VP help (VP prevent (NP future litigation )NP )VP )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (S (NP GM lawyers )NP (VP have (VP been (VP working (PP with (NP *UNK )NP )PP (S (VP to (VP develop (NP (ADJP more *UNK )ADJP *UNKING procedures )NP )VP )VP )S )VP )VP )VP )S -- (S (NP (NP the way )NP (SBAR (S (NP a vehicle )NP (VP is (VP *UNKED )VP )VP )S )SBAR )NP (VP has (NP (NP a lot )NP (SBAR (S (VP to (VP do (PP with (NP its *UNK )NP )PP )VP )VP )S )SBAR )NP )VP )S . )S  STOP
(S (NP The lawyers )NP (ADVP also )ADVP (VP monitor (NP suits )NP (S (VP to (VP identify (NP (NP specific automobile parts )NP (SBAR (WHNP that )WHNP (S (VP cause (NP the biggest legal problems )NP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (NP Mr. Pearce )NP (VP says (S (NP (NP law firms )NP (PP with (NP (NP the best chance )NP (PP of (S (VP *UNKING or winning (NP (NP business )NP (PP with (NP GM )NP )PP )NP )VP )S )PP )NP )PP )NP (VP will (VP be (NP (NP those )NP (VP providing (NP the *UNK- service )NP (PP at (NP the best cost )NP )PP )VP )NP )VP )VP )S -- (S (VP *UNKING (NP (NP similar *UNK )NP (PP from (NP (NP GM 's )NP auto operations )NP )PP (PP to (NP suppliers )NP )PP )NP )VP )S )VP . )S  STOP
(S (S (NP This )NP (VP does n't (ADVP necessarily )ADVP (VP mean (SBAR (S (NP larger firms )NP (VP have (NP an advantage )NP )VP )S )SBAR )VP )VP )S ; (S (NP Mr. Pearce )NP (VP said (SBAR (S (NP GM )NP (VP works (PP with (NP (NP a number )NP (PP of (NP smaller firms )NP )PP (SBAR (S (NP it )NP (VP *UNK (ADVP highly )ADVP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP )S . )S  STOP
(S (NP Mr. Pearce )NP (VP has (VP *UNK (PRT up )PRT (NP (NP GM 's )NP legal staff )NP (PP by (S (VP (VP eliminating (NP all *UNK )NP )VP and (VP establishing (NP (NP several new functions )NP , (PP including (NP (NP a *UNK- group )NP (SBAR (WHNP that )WHNP (S (VP has (VP made (NP (NP films )NP (PP on (NP (NP safety )NP and (NP *UNK driving )NP )NP )PP )NP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )PP )VP )VP . )S  STOP
(S (NP FEDERAL *UNKC )NP (VP are (VP *UNKING (NP fewer criminal cases )NP (PP with (NP *UNK )NP )PP )VP )VP . )S  STOP
(S (NP That )NP (VP 's (NP (NP a finding )NP (PP of (NP (NP a new study )NP (PP of (NP the Justice Department )NP )PP (PP by (NP (NP researchers )NP (PP at (NP *UNKC University )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP David Burnham )NP , (NP (NP one )NP (PP of (NP the *UNK )NP )PP )NP , )NP (VP says (SBAR (S (NP fewer trials )NP (ADVP probably )ADVP (VP means (NP (NP a growing number )NP (PP of (NP plea *UNK )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (PP In (NP 1980 )NP )PP , (NP (NP 18 % )NP (PP of (NP federal *UNK )NP )PP )NP (VP concluded (PP at (NP trial )NP )PP )VP )S ; (S (PP in (NP 1987 )NP )PP , (NP (QP only 9 )QP % )NP (VP did )VP )S . )S  STOP
(S (NP The study )NP (VP covered (NP (NP 11 major (NP U.S. attorneys ' )NP offices )NP (PRN -- (PP including (NP (NP those )NP (PP in (NP (NP (NP Manhattan and Brooklyn )NP , (NP N.Y. )NP , )NP and (NP New Jersey )NP )NP )PP )NP )PP -- )PRN )NP (PP (PP from (NP 1980 )NP )PP (PP to (NP 1987 )NP )PP )PP )VP . )S  STOP
(S (NP The Justice Department )NP (VP rejected (NP the *UNK (SBAR that (S (NP its prosecutors )NP (VP are (ADVP currently )ADVP (ADJP more willing (S (VP to (VP plea bargain )VP )VP )S )ADJP )VP )S )SBAR )NP )VP . )S  STOP
(S `` (S (NP Our *UNK *UNK )NP (VP have (VP been (ADJP consistent )ADJP (PP for (NP 20 years )NP )PP , '' (PP with (S (NP (NP (QP about 15 )QP % )NP (PP of (NP all prosecutions )NP )PP )NP (VP going (PP to (NP trial )NP )PP )VP )S )PP )VP )VP )S , (NP a department spokeswoman )NP (VP said )VP . )S  STOP
(S (NP The *UNK )NP (VP is (ADJP somewhat *UNKING )ADJP (SBAR in that (S (NP the *UNKC researchers )NP (VP said (SBAR (S (NP they )NP (VP based (NP their *UNK )NP (PP on (NP government statistics )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S `` (NP (NP One possible explanation )NP (PP for (NP (NP this decline )NP '' (PP in (S (VP taking (NP cases )NP (PP to (NP trial )NP )PP )VP )S )PP )NP )PP )NP (PRN , (SINV (VP says )VP (NP Mr. Burnham )NP )SINV , )PRN `` (VP is (SBAR that (S (NP (NP the number )NP (PP of (NP (NP defendants )NP (VP being (VP charged (PP with (NP crimes )NP )PP (PP by (NP all U.S. attorneys )NP )PP )VP )VP )NP )PP )NP (VP has (VP (ADVP substantially )ADVP increased )VP )VP )S )SBAR )VP . '' )S  STOP
(S (PP In (NP 1980 )NP )PP (PRN , (NP the study )NP (VP says )VP , )PRN (NP (NP prosecutors )NP (VP surveyed )VP )NP (VP filed (NP charges )NP (PP against (NP 25 defendants )NP )PP (PP for (NP (NP each 100,000 people )NP (VP *UNKED (NP (NP 18 years )NP and (NP older )NP )NP )VP )NP )PP )VP . )S  STOP
(S (PP In (NP 1987 )NP )PP , (NP prosecutors )NP (VP filed (PP against (NP 35 defendants )NP )PP (PP for (NP every 100,000 adults )NP )PP )VP . )S  STOP
(NP (NP (NP Another finding )NP (PP from (NP the study )NP )PP )NP : (S (NP *UNKC )NP (VP set (NP (ADJP significantly different )ADJP priorities )NP )VP )S . )NP  STOP
(S (NP (NP The Manhattan U.S. attorney 's )NP office )NP (VP *UNKED (NP criminal cases )NP (PP (PP from (NP 1980 )NP )PP (PP to (NP 1987 )NP )PP )PP , (S (VP *UNKING (NP 43 )NP (PP for (NP every 100,000 adults )NP )PP )VP )S )VP . )S  STOP
(S But (NP the New Jersey U.S. attorney )NP (VP averaged (NP 16 )NP )VP . )S  STOP
(S (S (PP On (NP the civil side )NP )PP , (NP the Manhattan prosecutor )NP (VP filed (NP (NP an average )NP (PP of (NP (QP only 11 )QP cases )NP )PP )NP (PP for (NP every 100,000 adults )NP )PP (PP during (NP the same period )NP )PP )VP )S ; (S (NP the San Francisco U.S. attorney )NP (VP averaged (NP 79 )NP )VP )S . )S  STOP
(S (NP The study )NP (VP is (S (VP to (VP provide (NP (NP reporters )NP , (NP academic experts )NP and (NP others )NP )NP (NP (NP raw data )NP (SBAR (WHPP on (WHNP which )WHNP )WHPP (S (VP to (VP base (NP further inquiries )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP (VP asks (PP for (NP dismissal )NP )PP )VP , (VP says (SBAR (S (NP she )NP (VP was (VP *UNKED )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP The former first *UNK )NP (PP of (NP the Philippines )NP )PP )NP , (VP asked (NP (NP a federal court )NP (PP in (NP Manhattan )NP )PP )NP (S (VP to (VP *UNK (NP (NP an indictment )NP (PP against (NP her )NP )PP )NP )VP )VP )S , (S (VP claiming (PP among (NP other things )NP )PP , (SBAR that (S (NP she )NP (VP was (NP *UNKED (PP from (NP her *UNK )NP )PP )NP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP (NP Mrs. Marcos )NP and (NP (NP her late husband )NP , (NP former Philippines President *UNKC Marcos )NP , )NP )NP (VP were (VP charged (PP with (S (VP (VP *UNKING (NP (QP more than $ 100 million )QP )NP (PP from (NP that country )NP )PP )VP and then (VP (ADVP *UNKLY )ADVP *UNKING (NP (NP much )NP (PP of (NP the money )NP )PP )NP (PP through (NP (NP purchases )NP (PP of (NP (NP prime real estate )NP (PP in (NP Manhattan )NP )PP )NP )PP )NP )PP )VP )VP )S )PP )VP )VP . )S  STOP
(S (NP (NP Mrs. Marcos 's )NP attorneys )NP (VP asked (NP federal Judge John F. Keenan )NP (S (VP to (VP give (NP them )NP (NP (NP access )NP (PP to (NP (NP all U.S. documents )NP (PP about (NP her alleged *UNK )NP )PP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP The U.S. attorney 's )NP office )NP , (PP in (NP (NP documents )NP (SBAR (S (NP it )NP (VP filed (PP in (NP response )NP )PP )VP )S )SBAR )NP )PP , (VP said (SBAR (S (NP Mrs. Marcos )NP (VP was (VP making (NP the `` (ADJP (ADJP *UNK )ADJP (PRN -- and (ADJP *UNKLY *UNKED )ADJP -- )PRN )ADJP claim (SBAR that (S (NP she )NP (VP was (VP *UNKED (PP into (NP this country )NP )PP )VP )VP )S )SBAR '' )NP (SBAR (PP in (NP order )NP )PP (S (VP to (VP obtain (NP (NP *UNKED material )NP (PP in (NP the case )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The office )NP (ADVP also )ADVP (VP said (SBAR (S (NP (NP Mrs. Marcos )NP and (NP her husband )NP )NP (VP were n't (VP brought (PP to (NP the U.S. )NP )PP (PP against (NP their will )NP )PP (SBAR after (S (NP Mr. Marcos )NP (VP was (VP ousted (PP as (NP president )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The prosecutor )NP (VP quoted (NP (NP statements )NP (PP from (NP the *UNKC )NP )PP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP they )NP (VP said (SBAR (SBAR (S (NP they )NP (VP were (PP in (NP this country )NP )PP (PP at (NP (NP the *UNK )NP (PP of (NP President Reagan )NP )PP )NP )PP )VP )S )SBAR and (SBAR that (S (NP they )NP (VP were (VP *UNKING (NP (NP the *UNK )NP (PP of (NP the U.S. )NP )PP )NP )VP )VP )S )SBAR )SBAR )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Lawyers )NP (PP for (NP Mrs. Marcos )NP )PP )NP (VP say (SBAR that (S (SBAR because (S (NP she )NP (VP was (VP taken (PP to (NP the U.S. )NP )PP (PP against (NP her *UNK )NP )PP )VP )VP )S )SBAR , (NP the federal court )NP (VP *UNK (NP *UNK )NP (PP in (NP the case )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP THE FEDERAL *UNKC )NP (PP of (NP appeals )NP )PP (PP in (NP Manhattan )NP )PP )NP (VP ruled (SBAR that (S (NP (NP the dismissal )NP (PP of (NP (NP a 1980 indictment )NP (PP against (NP former (NAC Bank (PP of (NP *UNKC )NP )PP )NAC owner George *UNKC )NP )PP )NP )PP )NP (VP should (VP be (VP *UNKED )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The indictment )NP , (SBAR (WHNP which )WHNP (S (VP was (VP (VP *UNKED )VP and (VP (ADVP apparently )ADVP *UNK (PP by (NP investigators )NP )PP (PP until (NP 1987 )NP )PP )VP )VP )VP )S )SBAR , )NP (VP charges (NP (NP Mr. *UNKC )NP and (NP three others )NP )NP (PP with (NP (NP tax fraud )NP and (NP other violations )NP )NP )PP )VP . )S  STOP
(S (NP He )NP (VP (VP made (NP (NP numerous trips )NP (PP to (NP the U.S. )NP )PP )NP (PP in (NP the early 1980s )NP )PP )VP , but (VP was n't (VP arrested (PP until (NP (NP 1987 )NP (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP showed (PRT up )PRT (PP as (NP (NP a *UNK )NP (PP of (NP *UNK- President George Bush )NP )PP )NP )PP (PP at (NP a government function )NP )PP )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP A federal judge )NP (PP in (NP Manhattan )NP )PP )NP (VP threw (PRT out )PRT (NP the indictment )NP , (S (VP finding (SBAR that (S (NP the *UNK- delay )NP (VP violated (NP (NP (NP the defendant 's )NP constitutional right )NP (PP to (NP a *UNK trial )NP )PP )NP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP The appeals court )NP , (ADVP however )ADVP , (VP said (SBAR (S (NP the judge )NP (VP did n't (VP (ADVP *UNKLY )ADVP consider (SBAR whether (S (NP the delay )NP (VP would (ADVP actually )ADVP (VP hurt (NP (NP the chances )NP (PP of (NP a fair trial )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (VP fighting (NP (NP *UNK proceedings )NP (SBAR (WHNP that )WHNP (S (VP would (VP return (NP him )NP (PP to (NP (NP *UNKC )NP , (SBAR (WHADVP where )WHADVP (S (NP he )NP (VP is (VP charged (PP with (S (VP *UNKING (NP (QP more than $ 250 million )QP )NP (PP from (NP (NP the Bank )NP (PP of (NP *UNKC )NP )PP )NP )PP )VP )S )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP His attorney )NP (VP could n't (VP be (VP reached (PP for (NP comment )NP )PP )VP )VP )VP . )S  STOP
(NP (NP *UNKC *UNKC *UNKC )NP : (S (PP In (NP an effort (S (VP to (VP *UNK (PRT off )PRT (NP (NP a plan )NP (SBAR (WHNP that )WHNP (S (VP would (VP require (S (NP (NP all lawyers )NP (PP in (NP New York state )NP )PP )NP (VP to (VP provide (NP (NP *UNK hours )NP (PP of (NP free legal aid )NP )PP (NP a year )NP )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP )S )NP )PP , (NP the state bar )NP (VP recommended (NP (NP an alternative program )NP (SBAR (S (VP to (VP increase (NP (NP *UNK participation )NP (PP in (NP pro *UNK programs )NP )PP )NP )VP )VP )S )SBAR )NP )VP )S . )NP  STOP
(S (NP (NP (NP The state bar association 's )NP policy making body )NP , (NP (NP the House )NP (PP of (NP *UNKC )NP )PP )NP , )NP (VP voted (NP Saturday )NP (S (VP to (VP ask (NP Chief Judge *UNKC *UNKC )NP (S (VP to (VP give (NP (NP the bar 's )NP *UNK program )NP (NP (NP three years )NP (SBAR (S (VP to (VP prove (NP its *UNK )NP (PP before (S (VP considering (NP mandatory pro *UNK )NP )VP )S )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )VP . )S  STOP
(SINV `` (S (NP We )NP (VP believe (SBAR (S (NP our suggested plan )NP (VP (VP is (ADJP (ADJP more likely )ADJP (S (VP to (VP improve (NP (NP the availability )NP (PP of (NP quality legal service )NP )PP (PP to (NP the poor )NP )PP )NP )VP )VP )S (SBAR than (SINV is (NP the proposed mandatory pro *UNK plan )NP )SINV )SBAR )ADJP )VP and (VP will (VP achieve (NP that *UNK )NP (PP without (NP (NP the (NX (NX *UNK )NX , (NX *UNK )NX , (NX administrative *UNK )NX and (NX possible failure )NX )NX )NP (SBAR (WHNP that )WHNP (S (NP we )NP (VP fear (SBAR (S (VP would (VP *UNK (NP an attempt (S (VP to (VP impose (NP a mandatory plan )NP )VP )VP )S )NP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )VP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP *UNKC L. *UNKC )NP (PP of (NP Rochester )NP )PP , (SBAR (WHNP who )WHNP (S (VP headed (NP (NP the bar 's )NP pro *UNK study committee )NP )VP )S )SBAR )NP . )SINV  STOP
(S (S (NP *UNKC AND *UNKC law firms )NP (VP merge )VP )S : (S (NP (NP (NP Jackson & Walker )NP , (NP (NP a *UNK- firm )NP (PP in (NP Dallas )NP )PP )NP )NP and (NP (NP *UNKC & *UNKC )NP , (NP (NP a *UNK- firm )NP (PP in (NP Houston )NP )PP )NP )NP )NP (VP said (SBAR (S (NP they )NP (VP have (VP agreed (PP in (NP principle )NP )PP (S (VP to (VP merge )VP )VP )S )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP (NP The consolidated firm )NP , (SBAR (WHNP which )WHNP (S (VP would (VP *UNK (PP among (NP (NP the 10 largest )NP (PP in (NP Texas )NP )PP )NP )PP )VP )VP )S )SBAR , )NP (VP would (VP operate (PP under (NP the name Jackson & Walker )NP )PP )VP )VP . )S  STOP
(S (NP The merger )NP (VP (VP must (VP be (VP (ADVP formally )ADVP approved (PP by (NP (NP the partners )NP (PP of (NP both firms )NP )PP )NP )PP )VP )VP )VP but (VP is (VP expected (S (VP to (VP be (VP completed (PP by (NP year end )NP )PP )VP )VP )VP )S )VP )VP )VP . )S  STOP
(S (S (NP Jackson & Walker )NP (VP has (NP (NP an office )NP (PP in (NP (NP Fort Worth )NP , (NP Texas )NP )NP )PP )NP )VP )S , and (S (NP *UNKC & *UNKC )NP (VP has (NP (NP an office )NP (PP in (NP New *UNKC )NP )PP )NP )VP )S . )S  STOP
(S (VP *UNKC (PRT *UNK )PRT )VP ? )S  STOP
(S (S (VP *UNKING (PP on (NP government *UNK (SBAR that (S (NP General Electric Co. )NP (VP may (VP have (VP covered (PRT up )PRT (NP (NP fraudulent *UNK )NP (PP to (NP the Pentagon )NP )PP )NP )VP )VP )VP )S )SBAR )NP )PP )VP )S , (NP two shareholders )NP (VP have (VP filed (NP a civil racketeering suit )NP (PP against (NP the company )NP )PP )VP )VP . )S  STOP
(S (NP The suit )NP (VP was (VP filed (PP by (NP (NP plaintiffs ' )NP securities lawyer Richard D. *UNKC )NP )PP (PP in (NP U.S. District Court )NP )PP (PP in (NP Philadelphia )NP )PP )VP )VP . )S  STOP
(S (NP He )NP (VP seeks (NP damages )NP (PP from (NP (NP the company 's )NP 15 directors )NP )PP (PP on (NP grounds (SBAR that (S (NP they )NP (VP either `` (VP (VP *UNKED (PP in )PP )VP or (VP *UNKED )VP (NP the illegal acts ... )NP )VP or (VP (ADVP *UNKLY )ADVP failed (S (VP to (VP carry (PRT out )PRT (NP (NP their duties )NP (PP as (NP directors )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP . '' )S  STOP
(S (NP GE )NP (VP is (VP *UNKING (NP itself )NP (PP against (NP (NP (NP government criminal charges )NP (PP of (NP fraud )NP )PP )NP and (NP (NP false claims )NP (PP in (NP (NP connection )NP (PP with (NP (NP a *UNK- contract )NP (PP for (NP the Army )NP )PP )NP )PP )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP The trial )NP (VP begins (NP today )NP (PP in (NP federal court )NP )PP (PP in (NP Philadelphia )NP )PP )VP . )S  STOP
(S (NP (NP (NP The government 's )NP *UNK )NP (PP of (NP the *UNK- )NP )PP )NP (VP were (VP made (PP in (NP last minute *UNK *UNK )NP )PP )VP )VP . )S  STOP
(S (NP (NP GE )NP , (SBAR (WHNP which )WHNP (S (VP (ADVP *UNKLY )ADVP denies (NP (NP the government 's )NP allegations )NP )VP )S )SBAR , )NP (VP *UNKED (NP (NP Mr. *UNKC 's )NP suit )NP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP is (NP (NP a *UNK- suit )NP (PRN -- (ADJP (ADJP *UNKLY defective )ADJP and (ADJP *UNKLY *UNK )ADJP )ADJP -- )PRN (SBAR (WHNP which )WHNP (S (VP was (VP (ADVP *UNKLY )ADVP filed (PP by (NP a *UNK- lawyer )NP )PP (PP as (NP (NP a result )NP (PP of (NP newspaper reports )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )S , '' (VP said )VP (NP a GE spokeswoman )NP . )SINV  STOP
(S (NP She )NP (VP added (SBAR that (S (NP the company )NP (VP was (VP considering (S (VP bringing (NP sanctions )NP (PP against (NP Mr. *UNKC )NP )PP (PP for (S (VP making `` (NP (ADJP (ADJP *UNKLY *UNK )ADJP and (ADJP *UNKED )ADJP )ADJP allegations )NP )VP )S )PP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The head )NP (PP of (NP (NP the nation 's )NP largest *UNK- group )NP )PP )NP (VP is (VP telling (NP dealers )NP (S (VP to (VP `` (ADVP just )ADVP say (INTJ no )INTJ '' (SBAR (WHADVP when )WHADVP (S (NP auto makers )NP (VP pressure (S (NP them )NP (VP to (VP *UNK (NP cars )NP (PP on (NP their lots )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (PP In (NP (NP an open letter )NP (SBAR (WHNP that )WHNP (S (VP will (VP run (NP today )NP (PP in (NP the trade journal *UNKC News )NP )PP )VP )VP )S )SBAR )NP )PP , (NP (NP *UNKC *UNKC )NP , (NP (NP president )NP (PP of (NP the National Car Dealers Association )NP )PP )NP , )NP (VP says (SBAR (S (NP dealers )NP (VP should (VP cut (NP their inventories )NP (PP to (NP (NP (QP no more than half )QP the level )NP (VP (ADVP traditionally )ADVP considered (S (ADJP desirable )ADJP )S )VP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP has (VP been (VP *UNKING (PP with (NP the Big Three )NP )PP (SBAR since (S (NP he )NP (VP took (NP office )NP (NP earlier this year )NP )VP )S )SBAR )VP )VP )VP )S )SBAR , )NP (VP said (SBAR that (S (PP with (S (NP (NP half )NP (PP of (NP (NP the nation 's )NP dealers )NP )PP )NP (VP (VP losing (NP money )NP )VP or (VP breaking (ADVP even )ADVP )VP )VP )S )PP , (NP it )NP (VP was (NP (NP time )NP (PP for `` (NP emergency action )NP )PP )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP U.S. car dealers )NP (VP had (NP (NP an average )NP (PP of (NP (NP (NP 59 days ' )NP supply )NP (PP of (NP cars )NP )PP )NP )PP )NP (PP in (NP their lots )NP )PP (PP at (NP (NP the end )NP (PP of (NP September )NP )PP )NP )PP , (PP according (PP to (NP (NP *UNKC 's )NP *UNKC *UNKC )NP )PP )PP )VP . )S  STOP
(S But (NP Mr. *UNKC )NP (VP said (SBAR (S (NP dealers )NP (VP should (VP slash (NP stocks )NP (PP to (NP (QP between 15 and 30 )QP days )NP )PP (S (VP to (VP reduce (NP (NP the costs )NP (PP of (S (VP financing (NP inventory )NP )VP )S )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP His message )NP (VP is (VP getting (NP a *UNKLY *UNK )NP (PP in (NP (NP Detroit )NP , (SBAR (WHADVP where )WHADVP (S (NP the Big Three auto makers )NP (VP are (ADVP already )ADVP (VP being (VP forced (S (VP to (VP close (NP plants )NP )VP )VP )S (PP because of (NP (NP soft sales )NP and (NP reduced dealer orders )NP )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (PP (ADVP Even )ADVP before (NP (NP Mr. *UNKC 's )NP *UNK )NP )PP , (NP some large dealers )NP (VP said (SBAR (S (NP they )NP (VP were (VP cutting (NP inventories )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Ford Motor Co. )NP and (NP Chrysler Corp. representatives )NP )NP (VP criticized (NP (NP Mr. *UNKC 's )NP plan )NP (PP as (ADJP *UNK )ADJP )PP )VP . )S  STOP
(S (S (NP It )NP `` (VP is (VP going (S (VP (VP to (VP sound (ADJP *UNK )ADJP (PP to (NP the dealer )NP )PP )VP )VP except (VP (SBAR (WHADVP when )WHADVP (S (S (NP his *UNK- car supply )NP (VP does n't (VP include (NP (NP the (ADJP bright red )ADJP one )NP (SBAR (WHNP that )WHNP (S (NP the *UNK )NP (VP wants (S (VP to (VP buy )VP )VP )S )VP )S )SBAR )NP )VP )VP )S and (S (NP she )NP (VP goes (PP up (NP the street )NP )PP (S (VP to (VP buy (NP one )NP )VP )VP )S )VP )S )S )SBAR )VP )VP )S )VP )VP )S , '' (NP a Chrysler spokesman )NP (VP said )VP . )S  STOP
(S (NP (NP Southern Co. 's )NP Gulf Power Co. unit )NP (VP may (VP plead (ADJP guilty )ADJP (NP this week )NP (PP to (NP charges (SBAR that (S (NP it )NP (VP (ADVP illegally )ADVP *UNKED (NP company money )NP (PP to (NP politicians )NP )PP (PP through (NP outside *UNK )NP )PP )VP )S )SBAR )NP )PP , (PP according (PP to (NP (NP individuals )NP (ADJP close (PP to (NP (NP an investigation )NP (PP of (NP the utility holding company )NP )PP )NP )PP )ADJP )NP )PP )PP )VP )VP . )S  STOP
(S (NP (NP The tentative settlement )NP (PP between (NP (NP (NP Gulf Power )NP , (NP a (NAC *UNKC , Fla. , )NAC electric company )NP )NP , and (NP federal prosecutors )NP )NP )PP )NP (VP would (VP mark (NP (NP the end )NP (PP of (NP (NP one part )NP (PP of (NP (NP a *UNKING inquiry )NP (PP of (NP Southern Co. )NP )PP (PP in (NP the past year )NP )PP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP A grand jury )NP (VP has (VP been (VP investigating (SBAR whether (S (NP (NP officials )NP (PP at (NP Southern Co. )NP )PP )NP (VP *UNKED (S (VP to (VP cover (PRT up )PRT (NP (NP their accounting )NP (PP for (NP spare parts )NP )PP )NP (S (VP to (VP *UNK (NP federal income taxes )NP )VP )VP )S )VP )VP )S )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP The grand jury )NP (VP has (ADVP also )ADVP (VP been (VP investigating (SBAR whether (S (NP Gulf Power executives )NP (VP violated (NP (NP the federal *UNKC Holding Company Act )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP certain utilities )NP (PP from (S (VP making (NP political contributions )NP )VP )S )PP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP The individuals )NP (VP said (SBAR (S (NP (NP Gulf Power )NP and (NP federal prosecutors )NP )NP (VP are (VP considering (NP (NP a settlement )NP (SBAR (WHPP under (WHNP which )WHNP )WHPP (S (NP the company )NP (VP would (VP (VP plead (ADJP guilty )ADJP (PP to (NP two felony charges )NP )PP )VP and (VP pay (NP (NP fines )NP (VP totaling (NP (QP between $ 500,000 and $ 1.5 million )QP )NP )VP )NP )VP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Under (NP one count )NP )PP , (NP Gulf Power )NP (VP would (VP plead (ADJP guilty )ADJP (PP to (S (VP *UNKING (S (VP to (VP violate (NP the *UNKC Holding Company Act )NP )VP )VP )S )VP )S )PP )VP )VP . )S  STOP
(S (PP Under (NP the second count )NP )PP , (NP the company )NP (VP would (VP plead (ADJP guilty )ADJP (PP to (S (VP *UNKING (S (VP to (VP *UNK (NP taxes )NP )VP )VP )S )VP )S )PP )VP )VP . )S  STOP
(S (S (NP The guilty *UNK )NP (VP would (VP be (VP made (PP (ADVP solely )ADVP by (NP Gulf Power )NP )PP )VP )VP )VP )S , (NP the individuals )NP (VP said )VP . )S  STOP
(S (NP No employee or *UNK )NP (VP would (VP be (VP involved )VP )VP )VP . )S  STOP
(S (NP (NP A spokesman )NP (PP for (NP Southern Co. )NP )PP )NP (VP would (VP say (ADVP only )ADVP (SBAR that (S (NP (NP discussions )NP )NP (VP are (VP continuing (PP between (NP (NP Gulf Power )NP and (NP federal prosecutors )NP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S `` (S (NP We )NP (VP have (NP (NP no further developments )NP (SBAR (S (VP to (VP report )VP )VP )S )SBAR )NP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP (NP Officials )NP (PP at (NP Gulf Power )NP )PP )NP (VP could n't (VP be (VP reached (PP for (NP comment )NP )PP )VP )VP )VP . )S  STOP
(S And (NP prosecutors )NP (VP declined (S (VP to (VP comment )VP )VP )S )VP . )S  STOP
(S (SBAR While (S (NP Southern Co. )NP (VP has (VP been (ADJP reluctant (S (VP to (VP discuss (NP the grand jury investigations )NP )VP )VP )S )ADJP )VP )VP )S )SBAR , (NP (NP Edward L. *UNKC )NP , (NP chief executive officer )NP , )NP (VP has (VP said (SBAR (S (NP the company )NP (VP is (VP prepared (S (VP to (VP defend (NP its tax and *UNKING practices )NP )VP )VP )S (SBAR if (S (NP any charges )NP (VP are (VP brought (PP against (NP it )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP *UNKC )ADVP , (NP Mr. *UNKC )NP (VP has (VP said (SBAR (S (NP (NP Southern Co. )NP and (NP its units )NP )NP (VP do n't (VP *UNK (NP illegal political contributions )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Neither (NP Mr. *UNKC )NP nor (NP (ADJP any other )ADJP Southern Co. official )NP )NP (VP has (VP been (VP charged (PP with (NP any wrongdoing )NP )PP (PP in (NP (NP connection )NP (PP with (NP the current inquiries )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP The probe )NP (PP of (NP Southern Co. )NP )PP )NP (VP has (VP attracted (NP considerable attention )NP (NP this year )NP (PP because of (NP (NP several events )NP (SBAR (WHNP that )WHNP (S (VP have (VP *UNK (NP the company )NP )VP )VP )S )SBAR , (PP including (NP (NP (NP the death )NP (PP of (NP a Gulf Power executive )NP )PP (PP in (NP a plane crash )NP )PP )NP and (NP (NP the *UNK )NP (PP of (NP (NP a company *UNK )NP (SBAR (WHNP who )WHNP (S (VP was (S (VP to (VP be (NP a key grand jury witness )NP )VP )VP )S )VP )S )SBAR )NP )PP )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP have (VP said (SBAR (S (NP the grand jury )NP (VP has (VP asked (NP (NP numerous questions )NP (PP about (NP (NP *UNKC F. `` *UNKC '' *UNKC )NP , (NP (NP the senior vice president )NP (PP of (NP Gulf Power )NP )PP (SBAR (WHNP who )WHNP (S (VP died (PP in (NP the plane crash )NP )PP (PP in (NP April )NP )PP )VP )S )SBAR )NP )NP )PP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP *UNK (NP (NP Gulf Power 's )NP *UNK- efforts )NP )VP . )S  STOP
(S (PP On (NP (NP the morning )NP (PP of (NP the crash )NP )PP )NP )PP , (NP he )NP (VP had (VP been (VP put (PP on (NP notice (SBAR that (S (NP an audit committee )NP (VP was (VP *UNKING (NP his dismissal )NP (PP because of (NP (NP *UNKING *UNK )NP (PP in (NP a company audit )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP have (VP been (VP trying (S (VP to (VP determine (SBAR whether (S (NP the crash )NP (VP was (NP an accident , *UNK or *UNK )NP )VP )S )SBAR )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP Gulf Power )NP (VP said (PP in (NP May )NP )PP (SBAR that (S (NP an internal audit )NP (VP had (VP disclosed (SBAR that (S (NP (QP at least one )QP *UNK )NP (VP had (VP used (NP false *UNK )NP (S (VP to (VP fund (NP political causes )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP the company )NP (VP said (SBAR (S (NP the political contributions )NP (VP had (VP been (VP made (ADVP (NP (QP more than five )QP years )NP ago )ADVP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Exxon Corp. )NP (VP is (VP *UNKING (PP from (NP (NP the National *UNKC Federation 's )NP corporate advisory panel )NP )PP , (S (VP saying (SBAR (S (NP the *UNK group )NP (VP has (VP been (ADJP *UNKLY critical (PP of (NP (NP the Exxon *UNKC oil spill )NP (PP along (NP the *UNKC coast )NP )PP )NP )PP )ADJP )VP )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(S (NP The *UNK )NP (VP (VP said (NP Friday )NP (SBAR that (S (NP it )NP (VP *UNK (NP the resignation )NP )VP )S )SBAR )VP , but (VP issued (NP (NP a *UNKING response )NP (SBAR (WHNP that )WHNP (S (VP called (S (NP Exxon )NP (NP (NP a `` corporate *UNK '' )NP (SBAR (WHNP that )WHNP (S (VP should (VP keep (NP an open dialogue )NP (PP with (NP environmentalists )NP )PP )VP )VP )S )SBAR )NP )S )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP The *UNK )NP , (PP with (NP (NP (QP 5.8 million )QP members )NP (ADVP nationwide )ADVP )NP )PP , (VP (VP has (VP been (NP (NP one )NP (PP of (NP (NP the *UNK critics )NP (PP of (NP (NP (NP Exxon 's )NP handling )NP (PP of (NP the (ADJP (QP 11 million )QP *UNK )ADJP *UNK spill )NP )PP )NP )PP )NP )PP )NP )VP )VP and (VP has (VP accused (NP the company )NP (PP of (S (ADVP repeatedly )ADVP (VP ignoring (NP requests (S (VP to (VP meet and discuss (NP it )NP )VP )VP )S )NP )VP )S )PP )VP )VP )VP . )S  STOP
(S (NP The March 24 oil spill )NP (VP (VP *UNKED (NP (NP hundreds )NP (PP of (NP (NP miles )NP (PP of (NP (NP *UNK )NP (PP along (NP (NP Alaska 's )NP southern coast )NP )PP )NP )PP )NP )PP )NP )VP and (VP *UNKED (NP *UNK )NP (PP with (NP (NP *UNK )NP and (NP the fishing industry )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Exxon 's )NP Exxon USA unit )NP (VP was (NP (NP one )NP (PP of (NP (NP the charter members )NP (PP of (NP (NP the Corporate *UNKC Council )NP , (NP (NP a panel )NP (PP of (NP executives )NP )PP (VP formed (PP in (NP 1982 )NP )PP (PP by (NP the National *UNKC Federation )NP )PP (S (VP to (VP *UNK (NP `` (NP *UNK and open discussions )NP '' (PP between (NP (NP industry )NP and (NP (NP the *UNK 's )NP leaders )NP )NP )PP )NP )VP )VP )S )VP )NP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP (NP a letter )NP (PP to (NP the federation )NP )PP )NP )PP , (NP (NP Raymond *UNKC )NP , (NP (NP Exxon 's )NP environmental *UNK )NP , )NP (VP said : `` (S (NP (NP *UNKC public actions )NP (PP by (NP you )NP )PP (VP regarding (NP the *UNKC oil spill )NP )VP )NP (VP have (VP failed (S (VP to (VP demonstrate (NP (NP any sense )NP (PP of (NP *UNK or *UNK )NP )PP )NP )VP )VP )S )VP )VP )S )VP . '' )S  STOP
(S (NP The federation )NP (VP was (PP among (NP the plaintiffs )NP )PP (PP in (NP (NP a lawsuit )NP (VP filed (PP in (NP August )NP )PP (PP against (NP Exxon )NP )PP )VP (VP seeking (NP (NP full payment )NP (PP of (NP (NP environmental recovery costs )NP (PP from (NP the spill )NP )PP )NP )PP )NP )VP )NP )PP )VP . )S  STOP
(S (NP First Tennessee National Corp. )NP (VP said (SBAR (S (NP it )NP (VP would (VP take (NP a (ADJP (QP $ 4 million )QP )ADJP charge )NP (PP in (NP the fourth quarter )NP )PP , (PP as (NP (NP a result )NP (PP of (NP plans (S (VP to (VP expand (NP its systems operation )NP )VP )VP )S )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The banking company )NP (VP said (SBAR (S (NP it )NP (VP reached (NP (NP an agreement )NP (PP in (NP principle )NP )PP (PP with (NP International Business Machines Corp. )NP )PP (PP on (NP (NP a systems operations contract )NP (VP calling (SBAR for (S (NP IBM )NP (VP to (VP operate (NP (NP First Tennessee 's )NP computer and telecommunications functions )NP )VP )VP )S )SBAR )VP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Further )ADVP , (PP under (NP the agreement )NP )PP , (NP First *UNKC )NP (VP would (VP continue (S (VP to (VP develop (NP (NP the software )NP (SBAR (WHNP that )WHNP (S (VP creates (NP customer products and *UNK )NP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S `` (SBAR Because (S (NP personal computers )NP (VP will (ADVP soon )ADVP (VP be (PP on (NP (NP the desks )NP (PP of (NP (NP all )NP (PP of (NP our (NX (NX *UNK )NX , and (NX customer service and loan representatives )NX )NX )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR , (NP information )NP (VP will (VP be (ADJP *UNKLY available (S (VP to (VP (VP help (NP customers )NP (PP with (NP product decisions )NP )PP )VP and (VP provide (NP them )NP (PP with (NP (NP information )NP (PP about (NP their accounts )NP )PP )NP )PP )VP )VP )VP )S )ADJP , '' (PP according (PP to (NP (NP John *UNKC )NP , (NP (NP (NP executive vice president )NP )NP and (NP (NP corporate services group manager )NP )NP (PP at (NP First Tennessee )NP )PP )NP )NP )PP )PP )VP )VP . )S  STOP
(S (ADVP However )ADVP , (NP (QP about 120 )QP employees )NP (VP will (VP be (VP affected (PP by (NP the agreement )NP )PP )VP )VP )VP . )S  STOP
(S (NP First Tennessee )NP , (S (VP *UNKED (PP by (NP IBM )NP )PP )VP )S , (VP said (SBAR (S (NP it )NP (VP will (VP attempt (S (VP to (VP place (NP the employees )NP (PP within (NP (NP the company )NP , (NP IBM )NP or (NP (NP other companies )NP (PP in (NP *UNKC )NP )PP )NP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The process )NP (VP will (VP take (NP (QP as many as six )QP months )NP (S (VP to (VP complete )VP )VP )S )VP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP The agreement )NP (VP is (ADJP subject (PP to (NP (NP (NP the banking company 's )NP board approval )NP , (SBAR (WHNP which )WHNP (S (VP is (VP expected (NP next month )NP )VP )VP )S )SBAR )NP )PP )ADJP )VP . )S  STOP
(S (NP The Treasury Department )NP (VP said (SBAR (S (NP the U.S. trade deficit )NP (VP may (VP *UNK (NP next year )NP , (PP after (NP (NP two years )NP (PP of (NP significant improvement )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP its report )NP (PP to (NP Congress )NP )PP (PP on (NP international economic policies )NP )PP )NP )PP , (NP the Treasury )NP (VP said (SBAR that (S (S (NP (NP any improvement )NP (PP in (NP (NP the *UNK measure )NP (PP of (NP trade )NP )PP , (VP known (PP as (NP the current account )NP )PP )VP , )NP )PP )NP `` (VP is (ADJP likely (ADVP at best )ADVP (S (VP to (VP be (ADJP very modest )ADJP )VP )VP )S )ADJP )VP )S , '' and `` (S (NP (NP the possibility )NP (PP of (NP (NP deterioration )NP (PP in (NP the current account )NP )PP (NP next year )NP )NP )PP )NP (VP can not (VP be (VP *UNKED )VP )VP )VP )S )S )SBAR )VP . '' )S  STOP
(S (NP The statement )NP (VP was (NP (NP (NP the U.S. government 's )NP first *UNK )NP (PP of (SBAR (WHNP what )WHNP (S (NP (NP other groups )NP , (PP such as (NP the International Monetary Fund )NP )PP , )NP (VP have (VP been (VP predicting (PP for (NP months )NP )PP )VP )VP )VP )S )SBAR )PP )NP )VP . )S  STOP
(S (NP (NP *UNKED strength )NP (PP in (NP the dollar )NP )PP )NP (VP was (VP cited (PP as (NP (NP one reason )NP (SBAR (S (NP the trade position )NP (VP may (VP *UNK )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP (NP The Treasury 's )NP report )NP , (SBAR (WHNP which )WHNP (S (VP is (VP required (ADVP annually )ADVP (PP by (NP (NP a provision )NP (PP of (NP the 1988 trade act )NP )PP )NP )PP )VP )VP )S )SBAR , )NP (ADVP again )ADVP (VP took (NP South Korea )NP (PP to (NP task )NP )PP (PP for (NP its exchange-rate policies )NP )PP )VP . )S  STOP
(S `` (S (NP We )NP (VP believe (SBAR that (S (NP there )NP (VP have (VP continued (S (VP to (VP be (NP (NP indications )NP (PP of (NP exchange-rate ` *UNK ' )NP )PP )NP )VP )VP )S '' (PP during (NP the past six months )NP )PP )VP )VP )S )SBAR )VP )S , (NP it )NP (VP said , (S (VP citing (NP (NP (NP the lack )NP (PP of (NP (NP market forces )NP (PP in (NP (NP South Korea 's )NP exchange-rate system )NP )PP )NP )PP )NP and (NP (NP the use )NP (PP of (NP capital and interest-rate controls )NP )PP (S (VP to (VP *UNK (NP exchange rates )NP )VP )VP )S )NP )NP )VP )S )VP . )S  STOP
(S (NP The Treasury )NP (VP expressed (NP (NP *UNK )NP (PRN , (ADVP however )ADVP , )PRN (PP with (NP (NP the government )NP (PP of (NP Taiwan )NP )PP , (SBAR (WHNP which )WHNP (S (VP was (VP cited (PP for (NP exchange-rate *UNK )NP )PP (PP in (NP (NP last year 's )NP report )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP The Treasury )NP (VP said (SBAR (S (NP Taiwan )NP (VP has (VP *UNKED (NP its exchange rate system )NP (PP in (NP the past year )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The fiscal 1989 budget deficit figure )NP (VP came (PRT out )PRT (NP Friday )NP )VP . )S  STOP
(S (NP It )NP (VP was (ADVP down (NP a little )NP )ADVP )VP . )S  STOP
(S (NP (NP The next time )NP (SBAR (S (NP you )NP (VP hear (S (NP (NP a *UNKC )NP (PP of (NP Congress )NP )PP )NP (VP *UNK (PP about (NP the deficit )NP )PP )VP )S )VP )S )SBAR )NP , (VP consider (SBAR (WHNP what )WHNP (S (NP Congress )NP (VP did (NP Friday )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The Senate )NP , (VP (ADVP *UNKN )ADVP , voted (S (VP to (VP increase (PP to (NP $ *UNKN )NP )PP (NP (NP the ceiling )NP (PP on (NP (NP insured mortgages )NP (PP from (NP (NP the FHA )NP , (SBAR (WHNP which )WHNP (S (VP lost (NP (NP (QP $ 4.2 billion )QP )NP (PP in (NP loan defaults )NP )PP )NP (NP last year )NP )VP )S )SBAR )NP )PP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S Then , (PP by (NP voice vote )NP )PP , (NP the Senate )NP (VP voted (NP (NP a *UNK- bill )NP , (VP approved (NP Thursday )NP (PP by (NP the House )NP )PP )VP , (PP for (NP domestic military construction )NP )PP )NP )VP . )S  STOP
(S (VP *UNKC (NP the Bush request )NP (PP to (SBAR (WHNP what )WHNP (S (NP the *UNKC )NP (VP gave (NP themselves )NP )VP )S )SBAR )PP )VP : )S  STOP
(S (S (PP For (NP (NP construction )NP (PP in (NP West Virginia )NP )PP )NP )PP , (NP Mr. Bush )NP (VP requested (NP (QP $ 4.5 million )QP )NP )VP )S ; (S (NP Congress )NP (VP gave (NP (NP Senator *UNKC 's )NP state )NP (NP (QP $ *UNKN million )QP )NP )VP )S . )S  STOP
(S (NP Senator *UNKC )NP (VP is (NP (NP chairman )NP (PP of (NP the Appropriations Committee )NP )PP )NP )VP . )S  STOP
(S (PP For (NP Iowa )NP )PP , (NP a (ADJP (QP $ 1.8 million )QP )ADJP request )NP (VP became (NP (NP (QP $ 12 million )QP )NP (PP for (NP (NP Senator *UNKC )NP , (NP (NP ranking minority member )NP (PP of (NP a military construction subcommittee )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Rep. *UNKC Whitten )NP (UCP (PP of (NP Mississippi )NP )PP and (NP (NP chairman )NP (PP of (NP House Appropriations )NP )PP )NP )UCP )NP (VP turned (NP (NP a (ADJP (QP $ 20 million )QP )ADJP Bush request )NP (PP for (NP his state )NP )PP )NP (PP into (NP a (ADJP (QP $ *UNKN million )QP )ADJP *UNK )NP )PP )VP . )S  STOP
(S (S (NP (NP Senator *UNKC )NP (PP of (NP Tennessee )NP )PP )NP (VP is (NP (NP chairman )NP (PP of (NP (NP the Appropriations subcommittee )NP (PP on (NP military construction )NP )PP )NP )PP )NP )VP )S ; (S (NP (NP (NP Mr. Bush 's )NP (ADJP (QP $ 87 million )QP )ADJP request )NP (PP for (NP Tennessee )NP )PP )NP (VP increased (PP to (NP (QP $ *UNKN million )QP )NP )PP )VP )S . )S  STOP
(S (PP In (NP (NP a *UNK )NP (SBAR (S (NP someone )NP (VP should (VP remember (NP (NP this time )NP (NP next year )NP )NP )VP )VP )S )SBAR )NP )PP , (NP Senator *UNKC )NP (VP said , `` (S (NP I )NP (VP think (SBAR (S (NP we )NP (VP 've (VP seen (NP (NP the peak )NP (PP of (NP military construction spending )NP )PP (PP for (NP (NP many years )NP (SBAR (S (VP to (VP come )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )VP )S )VP . '' )S  STOP
(S (VP *UNKC (NP us )NP (PP about (NP spending *UNK )NP )PP )VP . )S  STOP
(S (VP *UNKC (NP us )NP (PP about (NP the HUD scandals )NP )PP )VP . )S  STOP
(S (VP *UNKC (NP us )NP (SBAR (WHNP what measure )WHNP , (S (S (ADJP short (PP of (NP house arrest )NP )PP )ADJP )S , (VP will (VP get (NP this Congress )NP (PP under (NP control )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Costa Rica )NP (VP reached (NP (NP an agreement )NP )NP (PP with (NP its creditor banks )NP )PP (SBAR (WHNP that )WHNP (S (VP is (VP expected (S (VP to (VP cut (NP (NP (NP that government 's )NP (QP $ 1.8 billion )QP )NP (PP in (NP bank debt )NP )PP )NP (PP by (NP (QP as much as 60 )QP % )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The agreement )NP (VP was (VP announced (PP by (NP Costa Rican President *UNKC *UNKC )NP )PP (NP Friday )NP , (SBAR as (S (NP (NP President Bush )NP and (NP (NP other leaders )NP (PP from (NP the Western *UNKC )NP )PP )NP )NP (VP *UNKED (PP in (NP the Central American nation )NP )PP (PP for (NP (NP a *UNK )NP (PP of (NP democracy )NP )PP )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP Costa Rica )NP (VP had (VP been (VP negotiating (PP with (NP (NP the U.S. )NP and (NP other banks )NP )NP )PP (PP for (NP three years )NP )PP )VP )VP )VP )S , but (S (NP the debt plan )NP (VP was (VP rushed (PP to (NP completion )NP )PP (SBAR in order (S (VP to (VP be (VP announced (PP at (NP the meeting )NP )PP )VP )VP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (NP The government )NP (VP had (VP fallen (ADVP (NP (QP $ 300 million )QP )NP behind )ADVP (PP in (NP interest payments )NP )PP )VP )VP . )S  STOP
(S (NP Treasury Secretary Nicholas Brady )NP (VP called (S (NP the agreement )NP `` (NP (NP an important step forward )NP (PP in (NP the strengthened debt strategy )NP )PP )NP )S , '' (S (VP noting (SBAR that (S (NP it )NP (VP will `` (SBAR (WHADVP when )WHADVP (S (VP *UNKED )VP )S )SBAR , (VP provide (NP (NP significant reduction )NP (PP in (NP (NP the level )NP (PP of (NP (NP (NP debt )NP and (NP debt service )NP )NP (VP owed (PP by (NP Costa Rica )NP )PP )VP )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP )S )VP . '' )S  STOP
(S (PP Under (NP the plan )NP )PP , (NP Costa Rica )NP (VP will (VP buy (PRT back )PRT (NP (NP (QP roughly 60 )QP % )NP (PP of (NP (NP its bank debt )NP (ADJP outstanding )ADJP )NP )PP )NP (PP at (NP a (ADJP deeply discounted )ADJP price )NP )PP , (PP according (PP to (NP (NP officials )NP (VP involved (PP in (NP the agreement )NP )PP )VP )NP )PP )PP )VP )VP . )S  STOP
(S (NP (NP The remainder )NP (PP of (NP the debt )NP )PP )NP (VP will (VP be (VP *UNKED (PP for (NP (NP new (ADJP Costa Rican )ADJP bonds )NP (PP with (NP a (ADJP (QP 6 1\/4 )QP % )ADJP interest rate )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (S (NP (NP The International Monetary Fund )NP and (NP the World Bank )NP )NP (VP are (VP expected (S (VP to (VP provide (NP (QP approximately $ 180 million )QP )NP (S (VP to (VP help (S (VP support (NP the deal )NP )VP )S )VP )VP )S )VP )VP )S )VP )VP )S , and (S (NP (NP additional funds )NP )NP (VP are (VP expected (PP from (NP Japan )NP )PP )VP )VP )S . )S  STOP
(S (NP Treasury officials )NP (VP say (SBAR (S (NP the Costa Rican agreement )NP (VP *UNK (SBAR that (S (NP the Brady debt plan )NP (VP can (VP benefit (NP (NP small *UNK countries )NP (CONJP as well as )CONJP (NP (NP big *UNK )NP , (PP such as (NP Mexico )NP )PP )NP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP The Treasury )NP (VP said (SBAR (S (NP it )NP (VP plans (S (VP to (VP sell (NP (NP (QP $ 2 billion )QP )NP (PP of (NP *UNK- *UNK- bills )NP )PP )NP (NP today )NP , (S (VP raising (NP all new cash )NP )VP )S )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The bills )NP (VP (VP will (VP be (VP dated (NP Oct. 31 )NP )VP )VP )VP and (VP will (VP mature (NP Dec. 21 )NP )VP )VP )VP , )S  STOP
(S (NP No *UNK- *UNK )NP (VP will (VP be (VP accepted )VP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (ADJP available (PP in (NP (NP minimum denominations )NP (PP of (NP (QP $ 1 million )QP )NP )PP )NP )PP )ADJP , )NP (VP must (VP be (VP received (PP by (NP *UNK EST )NP )PP (NP today )NP (PP at (NP (NP Federal Reserve Banks )NP or (NP branches )NP )NP )PP )VP )VP )VP . )S  STOP
(S (NP The Treasury )NP (ADVP also )ADVP (VP announced (NP (NP details )NP (PP of (NP (NP (NP this week 's )NP unusual bill auction )NP , (SBAR (WHNP which )WHNP (S (VP has (VP been (VP changed (S (VP to (VP accommodate (NP (NP the expiration )NP (PP of (NP the federal debt ceiling )NP )PP (PP at (NP midnight )NP )PP (NP tomorrow )NP )NP )VP )VP )S )VP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP The *UNK- and *UNK- bills )NP (VP will (VP be (VP issued (NP (NP tomorrow )NP (PP rather than (NP (NP Thursday )NP , (NP Nov. 2 )NP , (SBAR as (S (ADVP originally )ADVP (VP planned )VP )S )SBAR )NP )PP )NP )VP )VP )VP . )S  STOP
(S (S (NP The three-month bills )NP (VP will (ADVP still )ADVP (VP mature (NP Feb. 1 , 1990 )NP )VP )VP )S , and (S (NP the six-month bills )NP (PP on (NP May 3 , 1990 )NP )PP )S . )S  STOP
(S (NP The Treasury )NP (ADVP also )ADVP (VP said (SBAR (S (NP *UNK *UNK )NP (VP will (VP be (VP considered (S (ADJP *UNKLY )ADJP )S (SBAR if (S (VP (VP *UNKED (ADVP (ADVP no later )ADVP (PP than (NP (NP Sunday )NP , (NP Oct. 29 )NP , )NP )PP )ADVP )VP and (VP received (ADVP (ADVP no later )ADVP (PP than (NP tomorrow )NP )PP )ADVP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The Treasury )NP (VP said (SBAR (S (NP it )NP (VP wo n't (VP be (ADJP able (S (VP to (VP honor (NP (NP *UNK requests )NP (PP from (NP (NP holders )NP (PP of (NP (NP bills )NP (VP maturing (NP Nov. 2 )NP )VP (VP held (PP in (NP (NP the Treasury 's )NP *UNK- system )NP )PP )VP )NP )PP )NP )PP )NP )VP )VP )S )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The department )NP (VP will (VP make (NP (NP payment )NP (PP for (NP (NP bills )NP (VP maturing (PP on (NP Nov. 2 )NP )PP )VP )NP )PP )NP (PP (PP to (NP (NP all investors )NP (SBAR (WHNP who )WHNP (S (VP have (VP requested (NP (NP *UNK )NP (PP of (NP their bills )NP )PP (PP on (NP that date )NP )PP )NP )VP )VP )S )SBAR )NP )PP , (CONJP as well as )CONJP (PP to (NP (NP all account holders )NP (SBAR (WHNP who )WHNP (S (VP have (ADVP previously )ADVP (VP requested (NP payment )NP )VP )VP )S )SBAR )NP )PP )PP )VP )VP . )S  STOP
(S (NP American Pioneer Inc. )NP (VP said (SBAR (S (NP it )NP (VP agreed (PP in (NP principle )NP )PP (S (VP to (VP sell (NP its American Pioneer Life Insurance Co. subsidiary )NP (PP to (NP (NP *UNKC *UNKC *UNKC Inc. 's )NP *UNKC Insurance Cos. )NP )PP (PP for (NP (QP $ 27 million )QP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP American Pioneer )NP , (NP (NP parent )NP (PP of (NP American Pioneer Savings Bank )NP )PP )NP , )NP (VP said (SBAR (S (NP the sale )NP (VP will (VP (VP add (NP capital )NP )VP and (VP reduce (NP (NP the level )NP (PP of (NP (NP investments )NP (PP in (NP subsidiaries )NP )PP )NP )PP )NP )VP (PP for (NP the thrift holding company )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Recently )ADVP , (NP (NP the boards )NP (PP of (NP both (NP the parent company )NP and (NP the thrift )NP )NP )PP )NP (ADVP also )ADVP (VP voted (S (VP to (VP (VP *UNK (NP (NP dividends )NP (PP on (NP (NP preferred shares )NP (PP of (NP both companies )NP )PP )NP )PP )NP )VP and (VP convert (NP all preferred )NP (PP into (NP common shares )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP the move )NP (VP was (ADJP necessary )ADJP (S (VP to (VP meet (NP capital requirements )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP The transaction )NP (VP is (ADJP subject (PP to (NP (NP (NP execution )NP (PP of (NP a definitive purchase agreement )NP )PP )NP and (NP (NP approval )NP (PP by (NP (NP various regulatory agencies )NP , (PP including (NP (NP the insurance departments )NP (PP of (NP (NP the states )NP (PP of (NP Florida and *UNKC )NP )PP )NP )PP )NP )PP )NP )PP )NP )NP )PP )ADJP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (PP In (NP the second quarter )NP )PP , (NP American Pioneer )NP (VP reported (NP (NP a loss )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP , (PP compared (PP with (NP (NP net income )NP (PP of (NP (QP $ 1.1 million )QP )NP )PP (ADVP (NP a year )NP earlier )ADVP )NP )PP )PP )NP )VP . )S  STOP
(S (NP The banking operation )NP (VP had (NP (NP a loss )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP (PP in (NP the second quarter )NP )PP , (PP (ADVP largely )ADVP because of (NP problem real-estate loans )NP )PP , (SBAR while (S (NP the insurance operations )NP (VP earned (NP $ *UNKN )NP )VP )S )SBAR )VP . )S  STOP
(S (NP October employment data )NP -- (ADVP also )ADVP (VP could (VP turn (PRT out )PRT (S (VP to (VP be (NP the (ADJP most *UNKING )ADJP )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP On (NP the surface )NP )PP , (NP the overall unemployment rate )NP (VP is (VP expected (S (VP to (VP be (VP (ADVP little )ADVP changed (PP from (NP (NP September 's )NP 5.3 % )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S (S But (NP (NP the actual head count )NP (PP of (NP *UNK- employment payroll jobs )NP )PP )NP (VP is (ADJP likely (S (VP to (VP be (VP *UNKED (PP by (NP (NP the impact )NP (PP of (NP (NP Hurricane Hugo )NP , (NP strikes )NP , and (NP *UNK- seasonal adjustments )NP )NP )PP )NP )PP )VP )VP )VP )S )ADJP )VP )S , (NP economists )NP (VP said )VP . )S  STOP
(S (NP The consensus view )NP (VP calls (PP for (NP (NP an overall job gain )NP (PP of (NP *UNKN )NP )PP (PP compared (PP with (NP (NP September 's )NP *UNKN increase )NP )PP )PP )NP )PP )VP . )S  STOP
(S But (NP (NP the important *UNK- segment )NP , (SBAR (WHNP which )WHNP (S (NP last month )NP (VP (VP plunged (PP by (NP *UNKN positions )NP )PP )VP and (VP raised (NP recession fears )NP )VP )VP )S )SBAR , )NP (VP is (ADJP most likely (S (VP to (VP be (VP *UNKED (PP by (NP (NP the month 's )NP unusual events )NP )PP )VP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP (NP Several other reports )NP )NP (VP come (PP before (NP (NP Friday 's )NP jobs data )NP )PP , (PP including : (NP (NP (NP (NP the September leading indicators index )NP , (NP *UNK- sales )NP and (NP October agricultural prices reports )NP )NP (ADJP due (ADVP out )ADVP (NP tomorrow )NP )ADJP )NP ; (NP (NP (NP (NP the October purchasing managers ' )NP index )NP and (NP September (NX (NX construction spending )NX and (NX (NP manufacturers ' )NP orders )NX )NX )NP )NP (PP on (NP Wednesday )NP )PP )NP ; and (NP (NP October *UNK- sales )NP (PP on (NP Thursday )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP Friday )NP (VP brings (NP (NP the final count )NP (PP on (NP October auto sales )NP )PP )NP )VP . )S  STOP
(SINV `` (S (NP The employment report )NP (VP is (VP going (S (VP to (VP be (ADJP difficult (SBAR (S (VP to (VP *UNK )VP )VP )S )SBAR )ADJP )VP )VP )S )VP )VP )S , '' (VP said )VP (NP (NP Michael *UNKC )NP , (NP (NP economist )NP (PP with (NP (NP *UNKC International )NP , (NP (NP a unit )NP (PP of (NP (NP *UNKC Inc. )NP , (NP New York )NP )NP )PP )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP Mr. *UNKC )NP (VP added (SBAR that (S (NP (NP next month 's )NP data )NP (VP is n't (ADJP likely (S (VP to (VP be (ADJP much better )ADJP )VP )VP )S )ADJP , (SBAR because (S (NP it )NP (VP will (VP be (VP *UNKED (PP by (NP (NP San Francisco 's )NP earthquake )NP )PP )VP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (VP 's (NP more )NP )VP )S )SBAR , (NP he )NP (VP believes (SBAR (S (NP (NP seasonal swings )NP (PP in (NP the auto industry )NP )PP )NP (NP this year )NP (VP are n't (VP *UNKING (PP at (NP (NP the same time )NP (PP as (PP in (NP the past )NP )PP )PP )NP )PP , (PP because of (NP (NP production and pricing differences )NP (SBAR (WHNP that )WHNP (S (VP are (VP *UNKING (NP (NP the *UNK )NP (PP of (NP (NP seasonal adjustments )NP (VP built (PP into (NP the employment data )NP )PP )VP )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP Wednesday 's )NP report )NP (PP from (NP the purchasing agents )NP )PP )NP (VP will (VP be (VP watched (S (VP to (VP see (SBAR if (S (NP the index )NP (VP maintains (NP (NP a level )NP (PP below (NP 50 % )NP )PP )NP , (SBAR as (S (NP it )NP (VP has (VP (PP for (NP (NP the past couple )NP (PP of (NP months )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP (NP A reading )NP (PP of (NP (QP less than 50 )QP % )NP )PP )NP (VP indicates (NP (NP an economy )NP (SBAR (WHNP that )WHNP (S (VP is (ADVP generally )ADVP (VP *UNKING )VP )VP )S )SBAR )NP (SBAR while (S (NP (NP a reading )NP (PP above (NP 50 % )NP )PP )NP (VP indicates (NP (NP an economy )NP (SBAR (WHNP that )WHNP (S (VP 's (VP expanding )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Samuel D. *UNKC )NP , (NP (NP chief financial economist )NP (PP at (NP (NP Kleinwort Benson Government Securities Inc. )NP , (NP Chicago )NP )NP )PP )NP , )NP (VP said (SBAR that (S (NP (NP the *UNK ' )NP report )NP (VP is (ADJP valuable )ADJP (SBAR because (S (NP it )NP (ADVP often )ADVP (VP *UNK (NP (NP the first *UNKING )NP (PP of (NP (NP economic data )NP (PP for (NP the month )NP )PP )NP )PP )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S But (NP he )NP (VP added : `` (S (S (NP Some people )NP (VP use (NP (NP the *UNK ' )NP index )NP (PP as (NP a leading indicator )NP )PP )VP )S , (S (NP some )NP (VP use (NP it )NP (PP as (NP a *UNK indicator )NP )PP )VP )S )S )VP . )S  STOP
(S But (NP (NP the thing )NP (SBAR (S (NP it )NP (VP 's (VP supposed (S (VP to (VP measure )VP )VP )S )VP )VP )S )SBAR (PRN -- (NP manufacturing strength )NP -- )PRN )NP (NP it )NP (VP missed (ADVP altogether )ADVP (NP last month )NP )VP . '' )S  STOP
(S (NP (NP David *UNKC )NP , (NP (NP chief financial economist )NP (PP at (NP (NP Data Resources Inc. )NP , (NP Boston )NP , )NP )PP )NP )NP (VP said (SBAR that (S (NP (NP the *UNK ' )NP index )NP `` (VP does (VP miss (ADVP occasionally )ADVP )VP )VP )S )SBAR , '' (S (VP adding : `` (S (SBAR (WHADVP When )WHADVP (S (NP it )NP (VP *UNK (NP one month )NP )VP )S )SBAR (NP it )NP (VP tends (S (VP to (VP miss (NP the next month )NP , (ADVP too )ADVP )VP )VP )S )VP )S )VP )S )VP . '' )S  STOP
(S (NP (NP The consensus view )NP (PP on (NP September leading indicators )NP )PP )NP (VP calls (PP for (NP (NP (NP a gain )NP (PP of (NP 0.3 % )NP )PP )NP , (NP (NP the same )NP (PP as (PP in (NP August )NP )PP )PP )NP )NP )PP )VP . )S  STOP
(S (NP Economists )NP (VP said (SBAR (S (NP (NP (ADJP greatly increased )ADJP consumer *UNK )NP , (NP a larger money supply )NP and (NP higher stock prices )NP )NP (VP helped (S (VP lift (NP the index )NP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP All *UNKED components )NP , (PP such as (NP (NP *UNK- orders )NP and (NP building permits )NP )NP )PP , )NP (VP are (VP thought (S (VP to (VP have (VP been (ADJP weaker )ADJP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Data Resources ' )NP Mr. *UNKC )NP (VP added (SBAR that (S (NP he )NP (VP will (VP be (VP keeping (NP (NP a closer eye )NP (PP than (ADJP *UNK )ADJP )PP )NP (PP on (NP October *UNK- sales )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (ADVP *UNKLY )ADVP , (NP October )NP `` (VP is n't (NP a (ADJP very interesting )ADJP month )NP -LCB- (PP for (NP retail figures )NP )PP -RCB- (SBAR because (S (S (NP school clothes )NP (VP have (VP been (VP bought )VP )VP )VP )S and (S (NP people )NP (VP are (VP waiting (PP for (NP December )NP )PP (S (VP to (VP buy (NP Christmas presents )NP )VP )VP )S )VP )VP )S )S )SBAR )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S But (NP Mr. *UNKC )NP (VP said (SBAR (S (NP he )NP (VP will (VP watch (NP the numbers )NP (S (VP to (VP get (NP (NP an *UNKING )NP (PP of (SBAR whether (S (NP (NP consumers ' )NP general buying *UNK )NP (VP may (VP *UNK (PRT off )PRT (ADVP (ADVP as much )ADVP (SBAR as (S (NP their *UNKING )NP (ADVP apparently )ADVP (VP has )VP )S )SBAR )ADVP )VP )VP )S )SBAR )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP noted (SBAR that (S (NP higher gasoline prices )NP (VP will (VP help (S (VP *UNK (NP the October *UNK )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC factors )NP (VP are (ADVP also )ADVP (VP expected (S (VP to (VP have (VP taken (NP their toll )NP (PP on (NP (NP September *UNK- sales )NP , (SBAR (WHNP which )WHNP (S (VP are (VP believed (S (VP to (VP have (VP fallen (ADVP sharply )ADVP (PP from (NP (NP August 's )NP *UNKN units )NP )PP )VP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP Construction spending )NP (VP is (VP believed (S (VP to (VP have (VP slipped (NP (QP about 0.5 )QP % )NP (PP from (NP August levels )NP )PP )VP )VP )VP )S , (SBAR although (S (NP economists )NP (VP noted (SBAR (S (NP the rate )NP (ADVP probably )ADVP (VP will (VP pick (PRT up )PRT (PP in (NP (NP the months )NP (ADVP ahead )ADVP )NP )PP (PP in (NP (NP response )NP (PP to (NP hurricane and earthquake damage )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP *UNKC owners )NP (VP are (VP buying (NP new machinery )NP (PP at (NP a good rate )NP )PP (NP this fall )NP )VP )VP )S (PRN , (S (NP machine tool makers )NP (VP say )VP )S , )PRN but (S (NP (NP sluggish sales )NP (PP of (NP new cars and trucks )NP )PP )NP (VP raise (NP (NP questions )NP (PP about (NP (NP fourth-quarter demand )NP (PP from (NP the important automotive industry )NP )PP )NP )PP )NP )VP )S . )S  STOP
(S (NP (NP September orders )NP (PP for (NP machine tools )NP )PP )NP (VP (VP rebounded (PP from (NP the summer *UNK )NP )PP )VP , but (VP remained (PP (NP 7.7 % )NP below (NP year-earlier levels )NP )PP )VP , (PP according (PP to (NP (NP figures )NP (PP from (NP (NP *UNKC )NP -- (NP (NP the Association )NP (PP for (NP *UNKING Technology )NP )PP )NP )NP )PP )NP )PP )PP )VP . )S  STOP
(S (S (NP *UNKC machine tool plants )NP (VP received (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP orders )NP )PP )NP (NP last month )NP , (UCP (ADVP up (NP 33 % )NP (PP from (NP (NP August 's )NP (QP $ *UNKN million )QP )NP )PP )ADVP , but (ADVP still )ADVP (PP below (NP (NP the (QP $ *UNKN million )QP )NP (PP of (NP September 1988 )NP )PP )NP )PP )UCP )VP )S , (NP *UNKC )NP (VP said )VP . )S  STOP
(S (NP *UNKC tools )NP (VP are (NP (NP complex machines )NP (VP ranging (PP (PP from (NP *UNK )NP )PP (PP to (NP (NP *UNKING *UNK )NP (SBAR (WHNP that )WHNP (S (VP are (VP used (S (VP to (VP shape (NP most metal parts )NP )VP )VP )S )VP )VP )S )SBAR )NP )PP )PP )VP )NP )VP . )S  STOP
(SINV `` (S (NP Overall demand )NP (ADVP still )ADVP (VP is (ADJP very *UNK )ADJP )VP )S , '' (VP says )VP (NP (NP Christopher C. *UNKC )NP , (NP (NP group vice president )NP (PP at (NP (NP Cincinnati *UNKC Inc. )NP , (NP (NP the nation 's )NP largest machine tool producer )NP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP (NP The outlook )NP )NP (VP is (ADJP positive )ADJP (PP for (NP the (ADJP *UNK to long )ADJP term )NP )PP )VP . '' )S  STOP
(S (NP (NP September orders )NP (PP for (NP all U.S. producers )NP )PP )NP , (PP in (NP fact )NP )PP , (VP were (PP (ADVP slightly )ADVP above (NP (NP the monthly average )NP (PP for (NP (NP 1988 )NP , (NP (NP a good year )NP (PP for (NP the industry )NP )PP )NP )NP )PP )NP )PP )VP . )S  STOP
(S `` (S (NP Aerospace orders )NP (VP are (ADJP very good )ADJP )VP )S , '' (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S `` And (NP export business )NP (VP is (ADVP still )ADVP (ADJP good )ADJP )VP . )S  STOP
(S (SBAR While (S (NP some automotive programs )NP (VP have (VP been (VP delayed )VP )VP )VP )S )SBAR , (NP they )NP (VP have n't (VP been (VP canceled )VP )VP )VP . '' )S  STOP
(SINV `` (S (NP September )NP (VP was (NP (NP one )NP (PP of (NP (NP the biggest order months )NP (PP in (NP our history )NP )PP )NP )PP )NP )VP )S , '' (VP says )VP (NP (NP James R. Roberts )NP , (NP (NP vice president )NP (PRN , (NP world-wide sales and marketing )NP , )PRN (PP for (NP (NP *UNKC & Lewis Inc. )NP , (NP (NP *UNKC *UNK *UNKC )NP , (NP *UNKC )NP )NP )NP )PP )NP )NP . )SINV  STOP
(S (S (PP At (NP (NP a recent meeting )NP (PP of (NP manufacturing executives )NP )PP )NP )PP , `` (NP (NP everybody )NP (SBAR (S (NP I )NP (VP talked (PP with )PP )VP )S )SBAR )NP (VP was (ADJP very positive )ADJP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP Most )NP (VP say (SBAR (S (NP they )NP (VP plan (S (VP to (VP spend (NP (NP more )NP )NP (PP on (NP factory equipment )NP )PP (PP in (NP 1990 )NP )PP (PP than (PP in (NP 1989 )NP )PP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP sales )NP (PP of (NP (ADJP North *UNKC )ADJP *UNK- cars )NP )PP )NP (VP are (VP running (PP at (NP (NP an annual rate )NP (PP of (NP (QP only six million )QP )NP )PP )NP )PP , (ADVP down (PP from (NP 7.1 million )NP (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )VP )VP . )S  STOP
(S And (NP truck sales )NP (ADVP also )ADVP (VP are (ADVP off (NP (QP more than 20 )QP % )NP )ADVP )VP . )S  STOP
(S (S (NP (NP *UNKC makers )NP , (SBAR (WHNP who )WHNP (S (VP began (S (VP *UNKING (NP some equipment purchases )NP )VP )S (NP last spring )NP )VP )S )SBAR , )NP (VP can (VP be (VP expected (S (VP to (VP remain (ADJP cautious (PP about (NP spending )NP )PP )ADJP )VP )VP )S (SBAR if (S (NP their sales )NP (VP do n't (VP pick (PRT up )PRT )VP )VP )S )SBAR )VP )VP )VP )S , (NP machine tool *UNK )NP (VP say )VP . )S  STOP
(S (NP *UNKC tool executives )NP (VP are (ADJP *UNK (PRN , (ADVP however )ADVP , )PRN (SBAR that (S (NP (NP recent developments )NP (PP in (NP Eastern Europe )NP )PP )NP (VP will (VP expand (NP (NP markets )NP (PP for (NP *UNKC machine tools )NP )PP (PP in (NP that region )NP )PP )NP )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP There )NP (VP is (NP (NP demand )NP (PP for (NP *UNK- machine tools )NP )PP )NP (PP (PP in (NP the Soviet Union )NP )PP and (PP in (NP other Eastern European countries )NP )PP )PP (SBAR as (S (NP those nations )NP (VP *UNK (S (VP to (VP improve (NP (NP (NP the efficiency )NP (PP of (NP their *UNKING factories )NP )PP )NP (CONJP as well as )CONJP (NP (NP the quality )NP (PP of (NP their goods )NP )PP )NP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (ADVP However )ADVP , (NP there )NP (VP 's (NP (NP a continuing dispute )NP (PP between (NP (NP machine tool makers )NP and (NP the Defense Department )NP )NP )PP (PP over (SBAR whether (S (NP sophisticated U.S. machine tools )NP (VP would (VP increase (NP (NP the Soviet Union 's )NP military might )NP )VP )VP )S )SBAR )PP )NP )VP . )S  STOP
(SINV `` (S (S (NP The Commerce Department )NP (VP says (S (VP go )VP )S )VP )S , and (S (NP the Defense Department )NP (VP says (S (VP stop )VP )S )VP )S )S , '' (VP complains )VP (NP one machine tool producer )NP . )SINV  STOP
(S (SBAR If (S (NP that controversy )NP (VP continues )VP )S )SBAR (PRN , (NP U.S. machine tool makers )NP (VP say )VP , )PRN (NP (ADJP (ADJP West German )ADJP and (ADJP other foreign )ADJP )ADJP producers )NP (VP are (ADJP likely (S (VP to (VP *UNK (NP (NP most )NP (PP of (NP the sales )NP )PP (PP in (NP Eastern Europe )NP )PP )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (S (NP (NP September orders )NP (PP for (NP (NP *UNKING centers )NP , (NP *UNK )NP , (NP *UNKING machines )NP , (NP *UNK )NP , (NP *UNKING mills )NP and (NP (NP other machines )NP (SBAR (WHNP that )WHNP (S (VP shape (NP metal )NP (PP by (NP cutting )NP )PP )VP )S )SBAR )NP )NP )PP )NP (VP totaled (NP (NP (QP $ *UNKN million )QP )NP , (UCP (ADVP down (NP 28 % )NP (PP from (NP (QP $ *UNKN million )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP )ADVP , but (NP (NP a (ADJP 23 % )ADJP increase )NP (PP from (NP (NP August 's )NP (QP $ *UNKN million )QP )NP )PP )NP )UCP )NP )VP )S , (NP *UNKC )NP (VP said )VP . )S  STOP
(S (NP (NP *UNKC )NP )NP (NP last month )NP (PP for (NP (NP *UNKING *UNK )NP and (NP (NP other machinery )NP (SBAR (S (VP to (VP form (NP metal )NP (PP with (NP pressure )NP )PP )VP )VP )S )SBAR )NP )NP )PP (VP surged (PP to (NP (NP (QP $ *UNKN million )QP )NP , (NP (NP (NP a (ADJP 78 % )ADJP rise )NP (PP from (NP (QP $ *UNKN million )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP )NP and (NP (NP a (ADJP 55 % )ADJP gain )NP (PP from (NP (QP $ *UNKN million )QP )NP (PP in (NP August )NP )PP )PP )NP )NP )NP )PP )VP . )S  STOP
(S (S (NP (NP Today 's )NP *UNK )NP (VP are (NP (ADJP large and costly )ADJP machines )NP )VP )S , and (S (NP a few orders )NP (VP can (VP produce (NP (NP a high total )NP (PP for (NP one month )NP )PP (SBAR (WHNP that )WHNP (S (VP does n't (ADVP necessarily )ADVP (VP indicate (NP a trend )NP )VP )VP )S )SBAR )NP )VP )VP )S . )S  STOP
(S (NP *UNKC tool shipments )NP (NP last month )NP (VP were (NP (NP (QP $ *UNKN million )QP )NP , (NP (NP (NP a (ADJP 24 % )ADJP rise )NP (PP from (ADVP (NP a year )NP earlier )ADVP )PP )NP and (NP (NP a (ADJP 25 % )ADJP increase )NP (PP from (NP August )NP )PP )NP )NP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP have (VP run (ADVP well ahead (PP of (NP 1988 )NP )PP )ADVP (NP all year )NP , (SBAR as (S (NP machine tool *UNK )NP (VP produce (PP against (NP relatively good *UNK )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP U.S. producers )NP (VP had (NP (NP a (ADJP (QP $ *UNKN billion )QP )ADJP backlog )NP (PP of (NP *UNKED orders )NP )PP )NP (PP at (NP (NP the end )NP (PP of (NP September )NP )PP )NP )PP )VP . )S  STOP
(S (NP That )NP (VP was (ADVP up (NP 2.8 % )NP (PP from (ADVP (NP a year )NP earlier )ADVP )PP )ADVP , (SBAR even though (S (NP (NP orders )NP (PP for (NP (NP the first nine months )NP (PP of (NP 1989 )NP )PP )NP )PP )NP (VP were (ADVP down (NP 19 % )NP (PP from (NP the comparable 1988 period )NP )PP )ADVP )VP )S )SBAR )VP . )S  STOP
(NP $ *UNKN . )NP  STOP
(NP $ *UNKN . )NP  STOP
(NP $ *UNKN . )NP  STOP
(NP $ *UNKN . )NP  STOP
(S (PP In (NP *UNKC stock market circles )NP )PP , (NP the *UNK )NP (VP is `` (NP *UNK )NP )VP . '' )S  STOP
(S (NP (QP At least 40 )QP companies )NP (VP are (VP coming (PP to (NP the capital market )NP )PP (S (VP to (VP raise (NP (NP (QP $ 6 billion )QP )NP , (NP (NP an amount )NP (VP (ADVP never )ADVP thought (S (ADJP possible )ADJP )S (PP in (NP India )NP )PP )VP )NP )NP )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (SBAR (WHADVP When )WHADVP (S (NP they )NP (VP talk (NP *UNK- )NP )VP )S )SBAR , (NP they )NP (VP 're (ADVP truly )ADVP (VP talking (ADJP *UNK )ADJP )VP )VP )S , '' (VP says )VP (NP (NP S.A. Dave )NP , (NP (NP chairman )NP (PP of (NP (NP the Securities and Exchange Board )NP (PP of (NP India )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP The capital market )NP (VP is (VP booming )VP )VP . '' )S  STOP
(S But (NP the *UNK- )NP (VP are (VP raising (NP (NP *UNK )NP (PP about (NP the (ADJP rapidly *UNKING )ADJP Indian capital market )NP )PP )NP )VP )VP . )S  STOP
(S (NP One )NP (VP is (SBAR whether (S (NP there )NP (VP is (NP enough money (S (VP to (VP fund (NP the new issues )NP (PP without (S (VP *UNKING (NP stock trading )NP )VP )S )PP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Moreover )ADVP , (PP in (NP the (ADJP relatively *UNKED )ADJP Indian stock markets )NP )PP , (NP investors )NP (ADVP frequently )ADVP (VP do n't (VP know (SBAR (WHNP what )WHNP (S (NP they )NP (VP are (VP getting (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP *UNK (PP to (NP an issue )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP A *UNK )NP (PP in (NP India )NP )PP )NP (VP does n't (ADVP always )ADVP (VP tell (NP a potential investor )NP (NP much )NP )VP )VP . )S  STOP
(S (NP (NP Some )NP (PP of (NP the large amounts )NP )PP )NP (VP are (VP being (VP raised (PP by (NP small firms )NP )PP )VP )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (SBAR once (S (NP money )NP (VP is (VP raised )VP )VP )S )SBAR , (NP investors )NP (ADVP usually )ADVP (VP have (NP (NP no way )NP (PP of (S (VP *UNKING (SBAR (WHADVP how )WHADVP (S (NP it )NP (VP is (VP spent )VP )VP )S )SBAR )VP )S )PP )NP )VP . )S  STOP
(S (NP Some analysts )NP (VP are (ADJP concerned (SBAR that (S (NP (NP the *UNK- )NP , (PP in (NP such an *UNKED environment )NP )PP , )NP (VP could (VP lead (PP to (NP a *UNK- )NP )PP )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(SINV `` (S (NP (NP The rate )NP (PP of (NP failures )NP )PP )NP (VP will (VP be (ADJP (ADJP much more )ADJP (PP than (NP (NP the rate )NP (PP of (NP *UNK )NP )PP )NP )PP )ADJP (PP in (NP the *UNK- )NP )PP )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a former chairman )NP (PP of (NP (NP the giant , *UNK- mutual fund )NP , (NP (NP the *UNKC Trust )NP (PP of (NP India )NP )PP )NP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP They )NP (VP 're (VP going (S (VP to (VP have (NP *UNK- )NP )VP )VP )S )VP )VP . '' )S  STOP
(S (NP The Indian stock markets )NP (VP have (VP been (PP on (NP a five-year high )NP )PP , (PP with (NP *UNK and *UNK )NP )PP , (SBAR since (S (NP Prime Minister *UNKC Gandhi )NP (VP started (S (VP *UNKING (NP industry )NP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S But (NP (NP the last stock market boom )NP , (PP in (NP 1986 )NP )PP , )NP (VP seems (ADJP small )ADJP (PP compared (PP with (NP (NP the current rush )NP (PP to (NP market )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP (NP The (QP $ 6 billion )QP )NP (SBAR (WHNP that )WHNP (S (NP (QP some 40 )QP companies )NP (VP are (VP looking (S (VP to (VP raise (PP in (NP (NP the year )NP (VP ending (NP March 31 )NP )VP )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP (VP compares (PP with (NP (NP (QP only $ 2.7 billion )QP )NP (VP raised (PP on (NP the capital market )NP )PP (PP in (NP the previous fiscal year )NP )PP )VP )NP )PP )VP . )S  STOP
(S (PP In (NP fiscal 1984 )NP )PP , (SBAR before (S (NP Mr. Gandhi )NP (VP came (PP to (NP power )NP )PP )VP )S )SBAR , (NP (QP only $ *UNKN million )QP )NP (VP was (VP raised )VP )VP . )S  STOP
(S (NP (NP (NP (NP This year 's )NP biggest issue )NP , (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP convertible debentures )NP )PP )NP (PP by (NP engineering company *UNKC & *UNKC Ltd. )NP )PP , )NP )NP (VP is (NP (NP the largest )NP (PP in (NP Indian history )NP )PP )NP )VP . )S  STOP
(S (S And (NP it )NP (VP is n't (NP the only giant issue )NP )VP )S : (S (ADVP together )ADVP , (NP the top four issues )NP (VP will (VP raise (NP (QP $ 1.3 billion )QP )NP )VP )VP )S . )S  STOP
(S (NP (NP *UNKC debentures )NP (PRN -- (NP (NP bonds )NP (SBAR (WHNP that )WHNP (S (VP can (ADVP later )ADVP (VP be (VP converted (PP into (NP equity shares )NP )PP )VP )VP )VP )S )SBAR )NP -- )PRN )NP (VP are (NP the (ADJP most popular )ADJP instrument )NP (NP this year )NP , (SBAR though (S (NP many companies )NP (VP are (ADVP also )ADVP (VP selling (NP (NP *UNK bonds )NP or (NP equity shares )NP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP These *UNK- )NP (VP are (VP being (VP *UNKED (PP by (NP (NP two factors )NP , (ADJP economic and political )ADJP )NP )PP )VP )VP )VP . )S  STOP
(S (PP In (NP the past )NP )PP , (NP (NP the socialist policies )NP (PP of (NP the government )NP )PP )NP (VP (ADVP *UNKLY )ADVP limited (NP (NP the size )NP (PP of (NP new (NX (NX steel mills )NX , (NX petrochemical plants )NX , (NX car factories )NX and (NX other industrial concerns )NX )NX )NP )PP )NP (S (VP to (VP (VP *UNK (NP resources )NP )VP and (VP restrict (NP (NP the profits )NP (SBAR (S (NP businessmen )NP (VP could (VP make )VP )VP )S )SBAR )NP )VP )VP )VP )S )VP . )S  STOP
(S (PP As (NP a result )NP )PP , (NP industry )NP (VP operated (PP out (PP of (NP small , expensive , (ADJP highly inefficient )ADJP industrial units )NP )PP )PP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP Mr. Gandhi )NP (VP came (PP to (NP power )NP )PP )VP )S )SBAR , (NP he )NP (VP *UNKED (PRT in )PRT (NP (NP new rules )NP (PP for (NP business )NP )PP )NP )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP industry )NP (VP should (VP (VP build (NP plants )NP (PP on (NP (NP the same scale )NP (PP as (NP (NP those )NP (ADVP outside (NP India )NP )ADVP )NP )PP )NP )PP )VP and (VP benefit (PP from (NP (NP economies )NP (PP of (NP scale )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR If (S (NP the output )NP (VP was (ADJP too great (PP for (NP the domestic market )NP )PP )ADJP )VP )S )SBAR (PRN , (S (NP he )NP (VP said )VP )S , )PRN (NP companies )NP (VP should (VP export )VP )VP . )S  STOP
(S (S (NP (NP India 's )NP *UNKED businessmen )NP (VP had (S (VP to (VP be (VP persuaded )VP )VP )VP )S )VP )S , but (S (NP they )NP (VP have (VP started (S (VP to (VP think (ADJP big )ADJP )VP )VP )S )VP )VP )S . )S  STOP
(S (S (NP (NP Some )NP (PP of (NP the projects )NP )PP (VP being (VP funded (PP by (NP the new issues )NP )PP )VP )VP )NP (VP are (NP (NP the first *UNK )NP (PP of (NP (NP Mr. Gandhi 's )NP policy )NP )PP )NP )VP )S , and (S (NP they )NP (VP require (NP (NP more capital )NP (PP than (NP (NP the smaller industrial units )NP (VP built (PP in (NP the past )NP )PP )VP )NP )PP )NP )VP )S . )S  STOP
(S (NP The industrial revolution )NP (VP has (VP produced (NP (NP an *UNK )NP (PP in (NP (NP the capital market )NP , (SBAR (WHNP which )WHNP (S (VP is (NP (NP a (ADJP far cheaper )ADJP source )NP (PP of (NP funds )NP )PP (PP than (NP (NP *UNKED banks )NP , (SBAR (WHADVP where )WHADVP (S (NP (NP interest rates )NP (PP for (NP prime borrowers )NP )PP )NP (VP are (NP (QP around 16 )QP % )NP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP The second factor )NP (VP *UNKING (NP *UNK- )NP )VP )NP (VP is (ADJP political )ADJP )VP . )S  STOP
(S (S (NP Mr. Gandhi )NP (VP has (VP called (NP general elections )NP (PP for (NP November )NP )PP )VP )VP )S , and (S (NP many businessmen )NP (VP fear (SBAR that (S (NP (NP he )NP and (NP his (NP Congress (PRN -LRB- I -RRB- )PRN Party )NP )NP )NP (VP will (VP lose )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP Some companies )NP (VP are (VP raising (NP money )NP (PP in (NP (NP anticipation )NP (PP of (NP (NP a government )NP (ADJP (ADJP (ADJP less *UNK )ADJP (PP than (NP Mr. Gandhi 's )NP )PP )ADJP , and (ADJP (ADVP possibly )ADVP more restrictive )ADJP )ADJP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The *UNK *UNKC *UNK mill )NP (ADVP also )ADVP (VP says (SBAR that (S (NP (NP some )NP (PP of (NP (NP the money )NP (VP raised (PP in (NP (NP the current *UNK )NP (PP of (NP issues )NP )PP )NP )PP )VP )NP )PP )NP (VP will (VP be (VP used (PP as (NP campaign donations )NP )PP (PP before (NP the elections )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP No one )NP (VP admits (PP to (NP anything )NP )PP )VP )S , but (S (NP (NP India 's )NP *UNK )NP (VP have (NP (NP a history )NP (PP of (S (VP making (NP *UNK- campaign donations )NP )VP )S )PP )NP )VP )S . )S  STOP
(S (ADVP So far )ADVP , (NP the *UNK- )NP (VP are (NP a hit )NP (PP with (NP investors )NP )PP )VP . )S  STOP
(S (NP Earlier this year )NP , (NP (NP (NP *UNKC *UNKC & Steel Co. 's )NP offer )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP convertible debentures )NP )PP )NP )PP )NP (VP was (VP *UNKED )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC Ltd. )NP , (NP a *UNK construction company )NP , )NP (VP had (NP similar success )NP (PP with (NP a (ADJP slightly smaller )ADJP issue )NP )PP )VP . )S  STOP
(S (S (NP *UNKC & *UNKC )NP (VP started (S (VP accepting (NP (NP applications )NP (PP for (NP its giant issue )NP )PP )NP )VP )S (NP earlier this month )NP )VP )S ; (S (NP bankers and analysts )NP (VP expect (S (NP it )NP (VP to (VP be (VP *UNKED )VP )VP )VP )S )VP )S . )S  STOP
(SINV (S (ADVP Still )ADVP (VP to (VP come )VP )VP )S (VP are )VP (NP (NP big issues )NP (PP by (NP (NP (NP *UNKC *UNKC *UNKC Ltd. )NP , (NP a petrochemical and *UNK company )NP , )NP and (NP (NP (NP *UNKC *UNKC Corp . )NP (PRN -LRB- (NP India )NP -RRB- )PRN )NP , (NP a semiconductor maker )NP )NP )NP )PP )NP . )SINV  STOP
(S (SBAR While (S (NP many investors )NP (VP are (VP selling (NP (NP parts )NP (PP of (NP their portfolios )NP )PP )NP (S (VP to (VP buy (NP the new issues )NP )VP )VP )S )VP )VP )S )SBAR , (NP (NP prices )NP (PP on (NP (NP India 's )NP 16 stock exchanges )NP )PP )NP (VP are (VP holding (PRT up )PRT (ADVP so far )ADVP )VP )VP . )S  STOP
(S `` (NP I )NP (VP do n't (VP think (SBAR (S (NP it )NP (VP will (VP lead (PP to (NP (NP any *UNK )NP (PP in (NP the secondary market )NP )PP (PRN , '' (SINV (VP says )VP (NP Mr. *UNKC )NP )SINV , )PRN `` (NP only a *UNKING *UNK )NP )NP )PP )VP )VP )S )SBAR )VP )VP . '' )S  STOP
(SINV (VP Says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP chairman )NP (PP of (NP (NP the *UNKC Trust )NP (PP of (NP India )NP )PP )NP )PP )NP )NP : (S (NP The `` markets )NP (VP are (VP headed (PP for (NP (NP growth )NP (ADJP (ADJP (ADJP *UNK of )ADJP and (ADJP *UNK )ADJP )ADJP (ADVP before )ADVP )ADJP )NP )PP )VP )VP )S . '' )SINV  STOP
(SINV (SINV But (PP with (NP growth )NP )PP come (NP growing *UNK )NP )SINV , and (SINV (ADVP never )ADVP has (NP this )NP (VP been (ADJP (ADJP *UNK )ADJP )ADJP (PP on (NP the Indian capital market )NP )PP (PP than (ADVP now )ADVP )PP )VP )SINV . )SINV  STOP
(S (PP In (NP the past )NP )PP , (NP the government )NP (VP controlled (NP the markets )NP (ADVP *UNKLY )ADVP , (PP through (NP (NP its tight grip )NP (PP on (NP (NP industry )NP (NP itself )NP )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP *UNKC *UNK )NP (VP decided (NP (NP (NP the products )NP (SBAR (S (NP businessmen )NP (VP could (VP produce )VP )VP )S )SBAR )NP and (SBAR (WHNP how much )WHNP )SBAR )NP )VP )S ; and (S (NP *UNKED banks )NP (VP (VP controlled (NP (NP the financing )NP (PP of (NP projects )NP )PP )NP )VP and (VP monitored (SBAR whether (S (NP companies )NP (VP came (ADVP through )ADVP (PP on (NP promised plans )NP )PP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (NP The government )NP (VP has (VP been (ADJP content (PP with (NP (NP this far-reaching , *UNK form )NP (PP of (NP control )NP )PP , (VP *UNKED (PP on (NP a *UNK- basis )NP )PP (PP with (NP no clear rules or guidelines )NP )PP )VP )NP )PP )ADJP )VP )VP . )S  STOP
(S But (ADVP now )ADVP , (PP with (S (NP large amounts )NP (VP being (VP raised (PP from (NP investors )NP )PP )VP )VP )S )PP , (NP (NP (NP the government 's )NP *UNKING )NP (PP on (NP regulation and disclosure requirements )NP )PP )NP (VP has (NP a (ADJP more dangerous )ADJP aspect )NP )VP . )S  STOP
(S (S (NP (NP The Securities and Exchange Board )NP (PP of (NP India )NP )PP )NP (VP was (VP set (PRT up )PRT (NP earlier this year )NP , (PP along (NP (NP the lines )NP (PP of (NP the U.S. Securities and Exchange Commission )NP )PP )NP )PP )VP )VP )S , but (S (NP New *UNKC )NP (VP has n't (VP pushed (NP the legislation )NP (S (VP to (VP make (S (NP it )NP (ADJP operational )ADJP )S )VP )VP )S )VP )VP )S . )S  STOP
(S (S (NP (NP Mr. Dave )NP , (NP its head )NP , )NP (VP acts (ADJP *UNK and patient )ADJP )VP )S , but (S (NP he )NP (VP makes (NP no *UNK )NP (PP about (NP the need (S (VP to (VP get (PP to (NP work )NP )PP )VP )VP )S )NP )PP )VP )S . )S  STOP
(S `` (S (ADJP *UNKC or *UNK- )ADJP , (NP we )NP (VP feel (SBAR (S (NP (NP the *UNK standards )NP )NP (VP need (S (VP to (VP be (VP (ADVP considerably )ADVP improved )VP )VP )VP )S )VP )S )SBAR )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (NP *UNKC )NP (VP are (ADJP very poor )ADJP (PP in (NP India )NP )PP )VP . '' )S  STOP
(S (NP He )NP (VP says (SBAR (S (NP (NP the big questions )NP (PRN -- `` (SQ (SQ Do (NP you )NP (ADVP really )ADVP (VP need (NP (ADJP this much )ADJP money )NP (S (VP to (VP put (PRT up )PRT (NP these investments )NP )VP )VP )S )VP ? )SQ (SQ *UNKC (NP you )NP (VP told (NP investors )NP (SBAR (WHNP what )WHNP (S (VP is (VP happening (PP in (NP your sector )NP )PP )VP )VP )S )SBAR )VP ? )SQ (FRAG (SBARQ (WHNP (WHNP What )WHNP (PP about (NP your track record )NP )PP )WHNP ? )SBARQ )FRAG )SQ -- )PRN `` )NP (VP are n't (VP asked (PP of (NP (NP companies )NP (VP coming (PP to (NP market )NP )PP )VP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Instead )ADVP (PRN , (S (NP he )NP (VP says )VP )S , )PRN (NP most investors )NP (VP have (S (VP to (VP rely (PP on (NP the *UNK- Indian press )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP An example )NP (VP is (NP (NP (NP the biggest offering )NP (PP of (NP (NP them )NP (NP all )NP )NP )PP )NP , (NP (NP *UNKC & *UNKC 's )NP (ADJP (QP $ *UNKN million )QP )ADJP bond issue )NP )NP )VP . )S  STOP
(S (NP The engineering company )NP (VP was (VP acquired (PP in (NP a takeover )NP )PP (NP earlier this year )NP (PP by (NP the giant *UNKC textile group )NP )PP )VP )VP . )S  STOP
(S (SBAR Although (S (NP *UNKC & *UNKC )NP (VP had n't (VP raised (NP money )NP (PP from (NP the public )NP )PP (PP in (NP 38 years )NP )PP )VP )VP )S )SBAR , (NP its new owners )NP (ADVP frequently )ADVP (VP raise (NP funds )NP (PP on (NP the local market )NP )PP )VP . )S  STOP
(S -LRB- (NP *UNKC )NP (VP *UNKED (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP petrochemical company )NP )NP (PP in (NP 1988 )NP )PP (SBAR (WHNP that )WHNP (S (VP was , (PP at (NP the time )NP )PP , (NP (NP the largest public issue )NP (PP in (NP Indian history )NP )PP )NP )VP )S )SBAR )VP . -RRB- )S  STOP
(S (NP The media )NP (VP has (VP raised (NP (NP questions )NP (PP about (NP (NP Larsen & *UNKC 's )NP issue )NP )PP )NP , (S (VP *UNKING (PRT out )PRT (SBAR that (S (NP it )NP (VP exceeds (NP (NP (NP the company 's )NP annual sales )NP and (NP its market capitalization )NP )NP )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(SINV (ADJP Even *UNK )ADJP (VP is )VP (NP (NP the case )NP (PP of (NP (NP *UNKC *UNKC )NP , (NP (NP a semiconductor company )NP (PP with (NP (NP 1988 sales )NP (PP of (NP (QP $ 28 million )QP )NP )PP )NP )PP (SBAR (WHNP that )WHNP (S (VP 's (VP raising (NP (QP $ 270 million )QP )NP (S (VP to (VP build (NP an iron plant )NP )VP )VP )S )VP )VP )S )SBAR )NP )NP )PP )NP . )SINV  STOP
(S (SBAR Once (S (NP the money )NP (VP is (VP raised )VP )VP )S )SBAR , (NP (NP it )NP )NP (VP is n't (ADVP always )ADVP (ADJP certain )ADJP (SBAR (WHADVP how )WHADVP (S (NP it )NP (VP is (VP used )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Larsen & *UNKC )NP , (PP for (NP example )NP )PP , (VP says (S (NP it )NP (VP 's (VP raising (NP (NP (QP $ *UNKN million )QP )NP (SBAR (S (VP to (VP use (PP as (NP supplier credit )NP )PP (PP on (NP large engineering jobs )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (PP Unlike (NP other companies )NP )PP , (NP it )NP (VP has n't (VP *UNKED (NP specific projects )NP (PP for (NP the funds )NP )PP )VP )VP . )S  STOP
(S And (SBAR (WHADVP even when )WHADVP (S (NP specific projects )NP (VP are (VP described (PP in (NP *UNK )NP )PP )VP )VP )S )SBAR , (NP the money )NP (ADVP often )ADVP (VP is (VP used (ADVP elsewhere )ADVP , (PP according (PP to (NP analysts )NP )PP )PP )VP )VP . )S  STOP
(SINV `` (S (NP *UNKC )NP (VP must (VP monitor (SBAR (WHADVP where )WHADVP (S (NP the funds )NP (VP are (VP *UNKED )VP )VP )S )SBAR )VP )VP )S , '' (VP says )VP (NP Mr. Dave )NP . )SINV  STOP
(S (NP Mr. *UNKC )NP (VP agrees : `` (S (NP There )NP (VP is (NP (NP no proper monitoring and *UNKING )NP (PP of (NP (NP the use )NP (PP of (NP these funds )NP )PP )NP )PP )NP )VP )S )VP . )S  STOP
(S (S (NP They )NP (VP 're (VP trying (S (VP to (VP *UNK (NP the various *UNK )NP )VP )VP )S )VP )VP )S , but (S (NP they )NP (VP 're (ADJP totally *UNKED (PP for (NP this )NP )PP )ADJP )VP )S . '' )S  STOP
(S (PP Because of (NP (NP (NP the large amounts )NP (PP of (NP money )NP )PP (VP being (VP raised )VP )VP )NP , (NP the loose disclosure requirements )NP and (NP (NP the *UNK monitoring )NP (PP of (SBAR (WHADVP how )WHADVP (S (NP the money )NP (VP is (VP used )VP )VP )S )SBAR )PP )NP )NP )PP , (NP some analysts )NP (VP fear (SBAR that (S (NP there )NP (VP could (VP be (NP (NP a few *UNK- )NP , (SBAR (WHNP which )WHNP (S (VP could (VP hurt (NP market confidence )NP (ADVP (ADVP far more )ADVP (PP than (NP (NP the small *UNK )NP (SBAR (WHNP that )WHNP (S (VP followed (NP (NP the boom )NP (PP of (NP 1986 )NP )PP )NP )VP )S )SBAR )NP )PP )ADVP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The government )NP (VP insists (SBAR that (S (NP such a possibility )NP (VP is (ADJP low )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP says (SBAR that (S (PP despite (NP (NP loose regulation )NP (PP of (NP (NP the market )NP (NP itself )NP )NP )PP )NP )PP , (NP (NP its longstanding regulation )NP (PP of (NP industry )NP )PP )NP (VP will (VP prevent (NP such *UNK )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC *UNKC *UNKC )NP (VP contributed (PP to (NP this article )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC Ltd. )NP , (NP a New Zealand brewing and retail concern )NP , )NP (VP said (NP Friday )NP (SBAR that (S (NP Bond Corp . Holdings Ltd. )NP (VP is (VP `` committed '' (PP to (NP (NP a transaction )NP (SBAR (WHADVP *UNK )WHADVP (S (NP *UNKC Nathan )NP (VP would (VP acquire (NP (NP 50 % )NP (PP of (NP (NP Bond 's )NP Australian brewing assets )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Nathan )NP (VP issued (NP (NP a statement )NP (VP saying (SBAR (S (NP it )NP (VP is (VP *UNKING (PP to (NP (NP (NP Australia 's )NP National Companies & Securities Commission )NP , (NP (NP the nation 's )NP corporate *UNK agency )NP , )NP )PP (PP for (NP (NP a *UNK )NP (PP to (NP takeover regulations )NP )PP `` (ADJP similar (PP to (NP (NP that )NP (VP obtained (PP by '' (NP S.A. Brewing Holdings Ltd )NP )PP )VP )NP )PP )ADJP )NP )PP )VP )VP )S )SBAR )VP )NP )VP . )S  STOP
(S (NP (NP *UNK Brewing )NP , (NP an Australian *UNK )NP , )NP (NP last Thursday )NP (VP was (VP given (NP (NP approval )NP (SBAR (S (VP to (VP acquire (NP (NP an option )NP (PP for (NP (NP (QP up to 20 )QP % )NP (PP of (NP (NP Bell Resources Ltd. )NP , (NP (NP a unit )NP (PP of (NP Bond Corp )NP )PP )NP )NP )PP )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP Bell Resources )NP (VP is (VP acquiring (NP (NP Bond 's )NP brewing businesses )NP (PP for (NP (NP (QP 2.5 billion )QP Australian dollars )NP (PRN -LRB- (NP (QP US$ 1.9 billion )QP )NP -RRB- )PRN )NP )PP )VP )VP . )S  STOP
(S (NP S.A. brewing )NP (VP would (VP make (NP (NP a takeover offer )NP (PP for (NP (NP all )NP (PP of (NP Bell Resources )NP )PP )NP )PP )NP (SBAR if (S (NP it )NP (VP *UNK (NP the option )NP )VP )S )SBAR , (PP according (PP to (NP the commission )NP )PP )PP )VP )VP . )S  STOP
(S (NP (NP Bond Corp. )NP , (NP a brewing , property , media and resources company )NP , )NP (VP is (VP selling (NP (NP many )NP (PP of (NP its assets )NP )PP )NP (S (VP to (VP reduce (NP its debts )NP )VP )VP )S )VP )VP . )S  STOP
(S `` (S (NP *UNKC Nathan )NP (VP has (NP (NP a concluded contract )NP (PP with (NP Bond and Bell Resources )NP )PP )NP )VP )S , '' (VP said )VP (NP (NP Douglas *UNKC )NP , (NP (NP chief executive )NP (PP of (NP Lion Nathan )NP )PP )NP )NP . )S  STOP
(S (NP (NP *UNKC )NP , (NP (NP Finland 's )NP state-owned airline )NP , )NP (VP (VP joined (NP (NP the wave )NP (PP of (NP global airline alliances )NP )PP )NP )VP and (VP signed (NP a *UNKING cooperation agreement )NP (PP with (NP *UNK *UNKC Airlines System )NP )PP )VP )VP . )S  STOP
(S (PP Under (NP the accord )NP )PP , (NP *UNKC )NP (VP agreed (S (VP to (VP *UNK (NP (NP flights )NP , (NP marketing )NP and (NP other functions )NP )NP (PP with (NP (NP *UNKC )NP , (NP (NP the *UNKED airline )NP (PP of (NP *UNKC , *UNKC and Sweden )NP )PP )NP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The pact )NP (ADVP also )ADVP (VP calls (PP for (NP (NP *UNK )NP (PP between (NP (NP *UNKC )NP and (NP (NP (NP Switzerland 's )NP national carrier )NP , (NP *UNKC )NP , (SBAR (WHPP with (WHNP which )WHNP )WHPP (S (NP *UNKC )NP (VP entered (NP a similar alliance )NP (NP last month )NP )VP )S )SBAR )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP *UNKC and *UNKC )NP (VP said (SBAR (S (NP they )NP (VP plan (S (VP to (VP swap (NP (NP stakes )NP (PP in (NP each other )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Neither )NP (VP disclosed (NP details )NP (PP pending (NP (NP board meetings )NP (NP next month )NP )NP )PP )VP . )S  STOP
(S (NP Officials )NP (VP hinted , (ADVP however )ADVP , (SBAR that (S (NP *UNKC )NP (VP would (VP take (NP (NP (NP a stake )NP (PP of (NP (QP at least 6 )QP % )NP )PP (PP in (NP *UNKC )NP )PP )NP , (VP valued (PP at (NP (QP about $ 40 million )QP )NP )PP (PP at (NP current market prices )NP )PP )VP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP *UNKC )NP (VP would (VP receive (NP (NP *UNKC shares )NP (VP valued (PP at (NP the same amount )NP )PP )VP )NP )VP )VP )S , (NP officials )NP (VP said )VP . )S  STOP
(S (NP (NP General Motors Corp. )NP and (NP Ford Motor Co. )NP )NP (VP are (ADVP now )ADVP (VP going (ADVP head to head )ADVP (PP in (NP the markets )NP )PP (PP for (NP (NP shares )NP (PP of (NP Jaguar PLC )NP )PP )NP )PP , (SBAR as (S (NP GM )NP (VP got (NP early clearance )NP (PP from (NP the Federal Trade Commission )NP )PP (S (VP to (VP boost (NP (NP its stake )NP (PP in (NP the British luxury car maker )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP GM )NP (VP confirmed (NP Friday )NP (SBAR that (S (NP it )NP (VP received (NP permission )NP (NP late Thursday )NP (PP from (NP U.S. antitrust regulators )NP )PP (S (VP to (VP increase (NP its Jaguar holdings )NP (PP past (NP the (ADJP (QP $ 15 million )QP )ADJP level )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP Ford )NP (VP got (NP a similar *UNK- )NP (ADVP earlier (PP in (NP October )NP )PP )ADVP )VP )S , and (S (PP on (NP Friday )NP )PP , (NP Jaguar )NP (VP announced (SBAR that (S (NP the No. 2 U.S. auto maker )NP (VP had (VP raised (NP its stake )NP (PP to (NP (NP *UNKN % )NP , or (NP (QP *UNKN million )QP shares )NP , )NP )PP (PP from (NP *UNKN % )NP (ADVP earlier (PP in (NP the week )NP )PP )ADVP )PP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP (NP A spokesman )NP (PP for (NP (NP GM )NP , (NP the No. 1 auto maker )NP , )NP )PP )NP (VP declined (S (VP to (VP say (SBAR (WHNP how many Jaguar shares )WHNP (S (NP that company )NP (VP owns )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (PP In (NP late trading )NP )PP (NP Friday )NP , (NP Jaguar shares )NP (VP (VP *UNKED (NP (NP the downward *UNK )NP (PP in (NP (NP London 's )NP stock market )NP )PP )NP )VP and (VP rose (NP five pence )NP (PP to (NP (NP *UNKN pence )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN )NP )PP )VP )VP . )S  STOP
(S (NP Trading volume )NP (VP was (NP a (ADJP *UNKLY heavy )ADJP (QP 3.1 million )QP shares )NP )VP . )S  STOP
(S (PP In (NP the U.S. )NP )PP , (NP (NP Jaguar 's )NP American *UNK receipts )NP (VP were (PP among (NP the (ADJP most active )ADJP issues )NP )PP (NP Friday )NP (PP in (NP (NP national over-the-counter trading )NP (SBAR (WHADVP where )WHADVP (S (NP they )NP (VP closed (PP at (NP (NP (NP $ *UNKN )NP (NP each )NP )NP , (ADVP up (NP 62.5 cents )NP )ADVP )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Analysts )NP (VP expect (SBAR that (S (NP the two U.S. auto giants )NP (VP will (VP move (ADVP quickly )ADVP (S (VP to (VP buy (PRT up )PRT (NP (NP (ADJP 15 % )ADJP stakes )NP (PP in (NP Jaguar )NP )PP )NP )VP )VP )S , (S (VP setting (PRT up )PRT (NP (NP a potential bidding war )NP (PP for (NP the *UNK Jaguar brand )NP )PP )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP British government restrictions )NP (VP prevent (NP any single shareholder )NP (PP from (S (VP going (PP beyond (NP 15 % )NP )PP (PP before (NP (NP the end )NP (PP of (NP 1990 )NP )PP )NP )PP (PP without (NP government permission )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP (NP The British government )NP , (SBAR (WHNP which )WHNP (S (VP owned (NP Jaguar )NP (PP until (NP 1984 )NP )PP )VP )S )SBAR , )NP (ADVP still )ADVP (VP holds (NP (NP a controlling `` golden share '' )NP (PP in (NP the company )NP )PP )NP )VP . )S  STOP
(S (PP With (NP (NP the golden share )NP (PP as (NP protection )NP )PP )NP )PP , (NP Jaguar officials )NP (VP have (VP (VP *UNKED (NP (NP Ford 's )NP *UNK )NP )VP , and (VP moved (ADVP instead )ADVP (S (VP to (VP *UNK (NP (NP an alliance )NP (PP with (NP GM )NP )PP )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (S (NP Jaguar officials )NP (VP have (VP indicated (SBAR (S (NP they )NP (VP are (ADVP close (PP to (S (VP *UNKING (PRT up )PRT (NP (NP (NP a friendly alliance )NP (PP with (NP GM )NP )PP )NP (SBAR (WHNP that )WHNP (S (VP would (VP preserve (NP (NP Jaguar 's )NP independence )NP )VP )VP )S )SBAR )NP )VP )S )PP )ADVP )VP )S )SBAR )VP )VP )S , but (S (NP no deal )NP (VP has (VP been (VP announced )VP )VP )VP )S . )S  STOP
(S (NP Ford )NP , (PP on (NP the other hand )NP )PP , (VP has (VP said (SBAR (S (NP it )NP (VP 's (ADJP willing (S (VP to (VP bid (PP for (NP (NP all )NP (PP of (NP Jaguar )NP )PP )NP )PP )VP )VP )S )ADJP , (PP despite (NP (NP the *UNK )NP (PP of (NP Jaguar chairman Sir John *UNKC )NP )PP )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Analysts )NP (VP continued (S (VP to (VP speculate (NP late last week )NP (SBAR that (S (NP Ford )NP (VP may (VP try (S (VP to (VP force (NP the issue )NP (PP by (S (VP (VP calling (PP for (NP (NP a special shareholder 's )NP meeting )NP )PP )VP and (VP urging (SBAR that (S (NP (NP the government )NP and (NP Jaguar holders )NP )NP (VP remove (NP (NP the barriers )NP (PP to (NP a full bidding contest )NP )PP )NP (PP before (NP December 1990 )NP )PP )VP )S )SBAR )VP )VP )S )PP )VP )VP )S )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S But (NP (NP a Ford spokeswoman )NP (PP in (NP *UNKC )NP )PP )NP (VP said (NP Friday )NP (SBAR (S (NP the company )NP (VP has n't (VP requested (NP such a meeting )NP (ADVP yet )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (ADJP close (PP to (NP the situation )NP )PP )ADJP )NP (VP believe (SBAR (S (NP Ford officials )NP (VP will (VP seek (NP (NP a meeting )NP )NP (NP this week )NP (PP with (NP Sir John )NP )PP (SBAR (S (VP to (VP *UNK (NP (NP their proposal )NP (PP for (NP a full bid )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Any discussions )NP (PP with (NP Ford )NP )PP )NP (VP could (VP postpone (NP (NP the *UNKC deal )NP , (VP headed (PP for (NP completion )NP )PP (PP within (NP the next two weeks )NP )PP )VP )NP )VP )VP . )S  STOP
(S (NP The GM agreement )NP (VP is (VP expected (S (VP to (VP retain (NP (NP Jaguar 's )NP independence )NP (PP by (S (VP involving (NP (NP (NP an eventual (ADJP 30 % )ADJP stake )NP (PP for (NP the U.S. auto giant )NP )PP )NP (CONJP as well as )CONJP (NP joint manufacturing and marketing ventures )NP )NP )VP )S )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP Jaguar and GM )NP (VP hope (S (VP to (VP win (NP (NP Jaguar shareholders approval )NP (PP for (NP the accord )NP )PP )NP (PP (ADVP partly )ADVP by (S (VP *UNKING (NP it )NP (PP in (NP (NP a way )NP (SBAR (WHNP that )WHNP (S (VP would n't (VP *UNK (NP a full Ford bid )NP (SBAR once (S (NP the golden share )NP (VP expires )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )VP )S )PP )VP )VP )S )VP . )S  STOP
(SINV `` (S (S (NP There )NP (VP 's either (NP (NP a minority -LCB- stake -RCB- package )NP (ADJP capable (PP of (S (VP getting (NP Jaguar shareholder approval )NP )VP )S )PP )ADJP )NP )VP )S or (S (NP there )NP (VP is n't )VP )S )S , '' (VP said )VP (NP one *UNK individual )NP . `` )SINV  STOP
(S (SBAR If (S (NP there )NP (VP is n't )VP )S )SBAR , -LCB- (NP the deal )NP -RCB- (VP wo n't (VP be (VP put (ADVP forward '' (PP to (NP shareholders )NP )PP )ADVP )VP )VP )VP . )S  STOP
(S (NP Union sentiment )NP (ADVP also )ADVP (VP could (VP influence (NP (NP shareholder reaction )NP (PP to (NP a *UNKC accord )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP GM 's )NP U.K. unit )NP (VP holds (NP (NP crucial talks )NP )NP (NP today )NP (PP with (NP union officials )NP )PP (PP about (NP (NP its consideration )NP (PP of (NP (NP an *UNKC *UNKC site )NP (PP for (NP (NP its first major engine plant )NP (PP in (NP Britain )NP )PP )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP One *UNK- union leader )NP (VP said , `` (S (SBAR If (S (NP they )NP (VP try (S (VP to (VP build (NP it )NP (ADVP somewhere else -LCB- (PP in (NP Europe )NP )PP -RCB- (PP *UNK (NP the U.K. )NP )PP )ADVP )VP )VP )S )VP )S )SBAR , (NP they )NP (VP are (VP going (S (VP to (VP be (PP in (NP (NP big trouble )NP '' (PP with (NP *UNK )NP )PP (PP over (NP any Jaguar deal )NP )PP )NP )PP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP These )NP (VP are (NP (NP the last words )NP (SBAR (S (NP *UNKC Hoffman )NP (ADVP ever )ADVP (VP *UNKED , (ADVP more or less )ADVP , (SBAR before (S (NP he )NP (VP killed (NP himself )NP )VP )S )SBAR )VP )S )SBAR )NP )VP . )S  STOP
(S And (NP You )NP (VP Are (ADVP There )ADVP , (ADVP sort of )ADVP )VP : )S  STOP
(NP (NP *UNKC )NP : `` (S (NP I )NP (VP 'm (ADJP *UNK )ADJP , (NP Jack )NP )VP )S . )NP  STOP
(S (NP I )NP (VP 'm (ADJP *UNK )ADJP )VP . '' )S  STOP
(FRAG (PRN -LRB- (S (VP listening )VP )S -RRB- )PRN `` (INTJ *UNKC )INTJ . )FRAG  STOP
(S (NP I )NP (VP 'm (PP out (PP of (NP bed )NP )PP )PP )VP . )S  STOP
(S (NP I )NP (VP got (S (NP my feet )NP (PP on (NP the floor )NP )PP )S )VP . )S  STOP
(INTJ *UNKC . )INTJ  STOP
(NP Two feet . )NP  STOP
(S (NP I )NP (VP 'll (VP see (NP you )NP (NP (NP Wednesday )NP ? ... (NP Thursday )NP )NP )VP )VP . '' )S  STOP
(S (NP He )NP (VP *UNK (ADVP *UNKLY )ADVP )VP . )S  STOP
(NP (NP *UNKC )NP (PRN -LRB- (S (VP *UNK )VP )S -RRB- )PRN : `` (S (NP I )NP (VP 'll (ADVP always )ADVP (VP be (PP with (NP you )NP )PP , (NP Jack )NP )VP )VP )S . )NP  STOP
(S (VP Do n't (VP worry )VP )VP . '' )S  STOP
(S (NP *UNKC )NP (VP (VP lies (PRT back )PRT )VP and (VP leaves (S (NP the frame )NP (ADJP *UNK )ADJP )S )VP )VP . )S  STOP
(S (PP Of (NP course )NP )PP (NP that )NP (VP was n't (NP (NP the actual conversation )NP (SBAR (S (NP the late (NX (NX *UNK- *UNK )NX , (NX protest leader )NX and (NX (NX founder )NX (PP of (NP the *UNKC )NP )PP )NX )NX )NP (ADVP ever )ADVP (VP had (PP with (NP his brother )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP It )NP (VP 's (NP (NP a *UNK )NP (VP *UNKED (ADVP together )ADVP (PP from (NP interviews )NP )PP (PP by (NP CBS News )NP )PP (PP for (NP (NP a *UNK- )NP , (NP (NP a dramatic *UNKING )NP (PP by (NP an actor )NP )PP (PP of (NP (NP (NP Mr. Hoffman 's )NP (ADJP ultimately unsuccessful )ADJP struggle )NP (PP with (NP *UNK )NP )PP )NP )PP )NP )NP )PP )VP )NP )VP . )S  STOP
(S (NP The segment )NP (VP is (S (ADVP soon )ADVP (VP to (VP be (VP broadcast (PP on (NP (NP the CBS News series )NP `` (NP (NP Saturday Night )NP (PP With (NP *UNKC *UNKC )NP )PP )NP )NP )PP , '' (S thus (VP (ADVP further )ADVP *UNKING (NP (NP the *UNK )NP (PP between (NP *UNK and reality )NP )PP (PP in (NP TV news )NP )PP )NP )VP )S )VP )VP )VP )S )VP . )S  STOP
(S (NP It )NP (VP is (S (NP the New *UNKC )NP (VP come (PP to (NP television )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP Ms. *UNKC 's )NP program )NP (VP is (NP (NP just one )NP (PP of (NP (NP several network shows )NP (PRN -LRB- and (NP (NP many more )NP (PP in (NP *UNK )NP )PP )NP -RRB- )PRN (SBAR (WHNP that )WHNP (S (VP rely (PP on (NP (NP the controversial technique )NP (PP of (S (VP (VP *UNKING (NP events )NP )VP , (VP using (NP (NP actors )NP (SBAR (WHNP who )WHNP (S (VP are (VP supposed (S (VP to (VP *UNK (NP (NP real people )NP , (ADJP living and dead )ADJP )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP )S )PP )NP )PP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP (NP Ms. Chung 's )NP )NP , (ADVP however )ADVP , (VP is (VP said (S (VP to (VP be (NP (NP the only network news program )NP (PP in (NP history )NP )PP (SBAR (S (VP to (VP *UNK (NP casting directors )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP *UNKC Hoffman )NP (PP in (NP this case )NP )PP (VP is (S (VP to (VP be (VP played (PP by (NP (NP Hollywood actor Paul *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP is n't (ADJP new (PP to (NP the character )NP )PP )ADJP )VP )S )SBAR )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP He )NP (VP was (NP Mr. Hoffman )NP (PP in (NP (NP a 1979 Los Angeles production )NP (PP of (NP (NP a play )NP (VP called (S `` (NP The Chicago *UNKC *UNKC )NP )S )VP )NP )PP )NP )PP )VP . '' )S  STOP
(S (NP Television news )NP , (PP of (NP course )NP )PP , (VP has (ADVP always )ADVP (VP been (NP part *UNK- )NP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP have (NP (NP a healthy appreciation )NP (PP of (NP (NP the role )NP (SBAR (S (NP entertainment values )NP (VP play (PP in (S (VP *UNKING (NP an audience )NP )VP )S )PP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S But , (SBAR as (S (NP CBS *UNKC Group president Howard *UNKC )NP (VP puts (NP it )NP )VP )S )SBAR , (S (NP the network )NP (ADVP now )ADVP (VP needs (S (VP to `` (VP *UNK (NP (NP the *UNK )NP (PP of (NP *UNK television )NP )PP )NP )VP )VP )S )VP )S , and (S (NP that )NP (VP includes (NP some *UNK )NP )VP )S . '' )S  STOP
(S (PP Since (NP (NP its *UNK )NP (NP Sept. 16 )NP )NP )PP , (NP (NP the show )NP (SBAR (WHPP on (WHNP which )WHNP )WHPP (S (NP Ms. Chung )NP (VP appears )VP )S )SBAR )NP (VP has (VP (VP used (NP an actor )NP (S (VP to (VP *UNK (NP (NP the *UNKC *UNKC Johns )NP , (NP a *UNK- leader )NP , )NP )VP )VP )S )VP and (VP (NP one )NP (S (VP to (VP play (NP a *UNK drug dealer )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP It )NP (VP has (VP *UNKED (NP (NP the *UNKING )NP (PP of (NP Pan Am flight 103 )NP )PP (PP over (NP (NP the *UNKC town )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (PP On (NP Oct. 21 )NP )PP , (NP it )NP (VP did (NP (NP a *UNK )NP (PP of (NP (NP the *UNKING and *UNK )NP (PP of (NP (NP *UNKED Press *UNK Terry Anderson )NP , (SBAR (WHNP who )WHNP (S (VP (VP was (VP *UNKED (PP in (NP March 1985 )NP )PP )VP )VP and (VP is (VP believed (S (VP to (VP be (VP held (PP in (NP Lebanon )NP )PP )VP )VP )VP )S )VP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The production )NP (VP had (NP (NP actors )NP (VP playing (NP (NP Mr. Anderson )NP and (NP former *UNK (NX (NX David *UNKC )NX , (NX the Rev. *UNKC *UNKC )NX and (NX *UNKC Lawrence *UNKC )NX )NX )NP )NP )VP )NP )VP . )S  STOP
(S (NP ABC News )NP (VP has (VP (ADVP *UNKLY )ADVP *UNKED (PRT out )PRT (PP into (NP entertainment *UNK )NP )PP )VP )VP . )S  STOP
(S (NP `` (NP Prime Time *UNKC )NP , '' (NP (NP a new show )NP (NP this season )NP (VP featuring (NP (NP Sam Donaldson )NP and (NP *UNKC *UNKC )NP )NP )VP )NP , )NP (VP has (NP (NP a studio audience )NP (SBAR (SBAR (WHNP that )WHNP (S (VP *UNK )VP )S )SBAR and (SBAR (WHNP that )WHNP (S (NP one night )NP (PRN -LRB- (PP to (NP (NP the embarrassment )NP (PP of (NP the network )NP )PP )NP )PP -RRB- )PRN (VP *UNKED (PP at (NP the camera )NP )PP (PP like (NP (NP the crowd )NP (PP on `` (S (VP Let (S (NP 's )NP (VP *UNKC (NP a *UNKC )NP )VP )S )VP )S )PP )NP )PP )VP )S )SBAR )SBAR )NP )VP . '' )S  STOP
(S -LRB- (NP ABC )NP (VP *UNK (ADVP short (PP of (S (VP using (NP (NP an `` *UNK '' sign )NP and (NP a comic )NP )NP (S (VP to (VP warm (PRT up )PRT (NP the audience )NP )VP )VP )S )VP )S )PP )ADVP )VP . )S  STOP
(S (NP The *UNK )NP (VP do (NP that )NP (NP themselves )NP )VP . -RRB- )S  STOP
(S (NP NBC News )NP (VP has (VP produced (NP (NP three *UNK )NP (PP of (NP (NP an *UNK series )NP (VP produced (PP by (NP *UNKC *UNKC )NP )PP )VP (VP called (S `` (NP Yesterday , Today and *UNKC )NP )S )VP , '' (VP *UNKING (NP (NP *UNKC *UNKC )NP , (NP *UNKC *UNKC )NP and (NP Mary *UNKC Williams )NP )NP )VP , (SBAR (WHNP that )WHNP (S (ADVP also )ADVP (VP gives (NP work )NP (PP to (NP actors )NP )PP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (VP Call (S (NP it )NP (NP a *UNK )NP )S )VP . )S  STOP
(S Or (VP call (S (NP it )NP (NP (NP the wave )NP (PP of (NP the future )NP )PP )NP )S )VP . )S  STOP
(S (NP (NP NBC 's )NP *UNK- )NP (VP are (VP produced (PP by (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP which )WHNP (S (ADVP also )ADVP (VP makes (NP (NP the successful prime-time NBC Entertainment series )NP `` (NP *UNKED *UNKC )NP )NP )VP )S )SBAR )NP )PP )VP )VP . '' )S  STOP
(S (NP (NP The *UNK )NP (PP of (NP news and theater )NP )PP )NP , (SBAR if (FRAG not (ADVP exactly )ADVP (ADJP *UNK )ADJP )FRAG )SBAR , (VP has (VP been (VP *UNKED (ADVP nonetheless )ADVP )VP )VP )VP . )S  STOP
(S (NP News programs )NP , (SBAR (ADVP particularly )ADVP if (S (NP they )NP (VP *UNK (ADVP well )ADVP (PP in (NP the ratings )NP )PP )VP )S )SBAR , (VP appeal (PP to (NP (NP the networks ' )NP *UNK- corporate parents )NP )PP (SBAR because (S (NP they )NP (VP are (ADJP (ADJP (ADVP so much less )ADVP expensive )ADJP (S (VP to (VP produce )VP )VP )S (SBAR than (S (NP an entertainment show )NP (VP is )VP )S )SBAR )ADJP (PRN -- (NP (NP (QP somewhere between $ 400,000 and $ 500,000 )QP )NP (PP for (NP a *UNK- program )NP )PP )NP )PRN )VP )S )SBAR )VP . )S  STOP
(S (NP Entertainment shows )NP (VP tend (S (VP to (VP cost (NP twice that )NP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (VP have (VP been (VP used (ADVP successfully )ADVP (PP for (NP several seasons )NP )PP (PP on (NP (NP such *UNKED `` tabloid TV '' shows )NP (PP as (NP `` (NP A *UNKC *UNKC )NP , '' (SBAR (WHNP which )WHNP (S (VP is (VP produced (PP by (NP (NP the Fox Broadcasting Co. unit )NP (PP of (NP (NP *UNKC *UNKC 's )NP News Corp )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP That show )NP , (SBAR (WHNP whose host )WHNP (S (VP is (NP (NP (NP Ms. Chung 's )NP husband )NP , (NP *UNKC *UNKC )NP , )NP )VP )S )SBAR )NP (VP has (NP (NP a particular *UNK )NP (PP for (NP (NP (NP *UNKLY *UNK )NP and (NP (NP stories )NP (VP having (S (VP to (VP do (PP with (NP sex )NP )PP )VP )VP )S )VP )NP )NP -- (NP (NP the Robert *UNKC murder case )NP , (NP the *UNKC *UNKC *UNK )NP , (SBAR (WHNP what )WHNP (SINV (VP have )VP (NP you )NP )SINV )SBAR )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Gerald Stone )NP , (NP (NP the executive producer )NP (PP of `` (NP A *UNKC *UNKC )NP )PP )NP , '' )NP (VP says , `` (S (NP We )NP (VP have (VP opened (NP eyes )NP (PP to (S (VP being (ADJP (ADJP (ADVP (NP a little )NP less )ADVP conservative )ADJP and (ADJP more *UNK )ADJP (PP in (SBAR (WHADVP how )WHADVP (S (VP to (VP present (NP the news )NP )VP )VP )S )SBAR )PP )ADJP )VP )S )PP )VP )VP )S )VP . '' )S  STOP
(SINV (ADVP *UNKC )ADVP have (NP eyes )NP (VP been (VP opened (ADVP (ADVP wider )ADVP (PP than (PP at (NP CBS News )NP )PP )PP )ADVP )VP )VP . )SINV  STOP
(S (PP At (NP (NP *UNKN W. *UNK St. )NP (PP in (NP Manhattan )NP )PP )NP )PP , (PP (NP one floor )NP below (NP (NP the offices )NP (PP of (NP `` (NP 60 *UNKC )NP , '' (NP (NP the (ADJP most successful )ADJP prime-time news program )NP (ADVP ever )ADVP )NP )NP )PP )NP )PP , (NP actors )NP (VP wait (PP in (NP the *UNK area )NP )PP (S (VP to (VP *UNK (PP for `` (NP (NP Saturday Night )NP (PP With (NP *UNKC Chung )NP )PP )NP )PP )VP )VP )S )VP . '' )S  STOP
(S (NP CBS News )NP (VP *UNK (NP *UNK )NP (PP to (NP (NP agents )NP , (SBAR (WHNP who )WHNP (S (VP pass (NP them )NP (PP along (PP to (NP clients )NP )PP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (S (NP The network )NP (VP deals (NP a lot )NP (PP with (NP (NP *UNK )NP , (PP including (NP (NP (NP Scott *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP *UNKED (NP Mr. Anderson )NP )VP )S )SBAR )NP , and (NP (NP Bill *UNKC )NP (PP as (NP *UNKC *UNKC )NP )PP )NP )NP )PP )NP )PP )VP )S , but (S (NP the network )NP (VP has (NP (NP some big names )NP (SBAR (S (VP to (VP contend (PP with )PP , (ADVP too )ADVP )VP )VP )S )SBAR )NP )VP )S . )S  STOP
(S (NP James *UNKC Jones )NP (VP is (VP cast (S (VP to (VP play (NP the Rev. Mr. Johns )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP *UNKED *UNKC )NP (VP may (VP *UNK (NP former California Gov. *UNKC Brown )NP (PP in (NP (NP a *UNKING *UNK )NP (PP on (NP (NP *UNKC *UNKC )NP , (NP (NP the last man )NP (SBAR (S (VP to (VP be (VP executed (PP in (NP California )NP )PP , (PP in (NP 1960 )NP )PP )VP )VP )VP )S )SBAR )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S `` (NP Saturday Night )NP '' (VP has (VP cast (NP actors )NP (S (VP to (VP appear (PP in (NP (NP future stories )NP (VP ranging (PP (PP from (NP (NP the abortion rights )NP (PP of (NP *UNK- )NP )PP )NP )PP )PP (PP to (NP (NP a Nov. 4 segment )NP (PP on (NP (NP a man )NP (VP named (S (NP *UNKC *UNKC )NP )S )VP , (SBAR (WHNP who )WHNP (S (VP (VP calls (S (NP himself )NP (NP a `` *UNK '' )NP )S )VP and (VP is (VP *UNKED (S (VP to (VP be (NP (NP the *UNK *UNK )NP (PP in (NP New York )NP )PP )NP )VP )VP )S )VP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP CBS News )NP , (SBAR (WHNP which )WHNP (S (ADVP (ADVP as recently )ADVP (PP as (ADVP (NP two years )NP ago )ADVP )PP )ADVP (VP fired (NP (NP hundreds )NP (PP of (NP its employees )NP )PP )NP (PP in (NP budget *UNK )NP )PP )VP )S )SBAR , )NP (ADVP now )ADVP (VP *UNK (NP (NP featured actors )NP (VP beginning (PP at (NP (NP $ *UNKN )NP (NP a week )NP )NP )PP )VP )NP )VP . )S  STOP
(S (NP That )NP (VP is n't (NP much )NP (PP compared (PP with (NP (SBAR (WHNP what )WHNP (S (NP Bill *UNKC )NP (VP makes )VP )S )SBAR , or (ADVP even )ADVP (NP (NP *UNKC Chung )NP (PRN (PP for (NP that matter )NP )PP )PRN (PRN -LRB- (SBAR (SBAR (WHNP who )WHNP (S (VP is (VP paid (NP (NP (QP $ 1.6 million )QP )NP (NP a year )NP )NP )VP )VP )S )SBAR and (SBAR (WHNP who )WHNP (S (ADVP recently )ADVP (VP did (NP (NP a *UNK shot )NP (PP of (NP her own )NP )PP (PP on (NP (NP the *UNK )NP `` (NP Murphy Brown )NP '' )NP )PP )NP )VP )S )SBAR )SBAR -RRB- )PRN )NP )NP )PP )PP )VP . )S  STOP
(S But (NP the money )NP (VP is n't (NP *UNK )NP (ADVP either )ADVP , (PP (ADVP particularly )ADVP for (NP a news program )NP )PP )VP . )S  STOP
(S (NP CBS News )NP (VP is (ADVP also )ADVP (VP *UNKING (NP (NP the 1979 Three *UNKC Island nuclear accident )NP (PP in (NP (NP *UNKC )NP , (NP Pa. )NP )NP )PP )NP , (PP with (NP (NP something )NP (ADJP (ADJP less )ADJP (PP than (NP (NP a cast )NP (PP of (NP thousands )NP )PP )NP )PP )ADJP )NP )PP )VP )VP . )S  STOP
(S (NP It )NP (VP is (VP *UNKING (NP (NP the town )NP (PP of (NP 10,000 )NP )PP )NP (PP for (NP (QP about 200 )QP *UNK )NP )PP )VP )VP . )S  STOP
(S (PP On (NP Oct. 20 )NP )PP , (NP (NP (NP the town 's )NP mayor )NP , (NP Robert *UNKC )NP , )NP (VP made (NP an announcement )NP (PP on (NP (NP behalf )NP (PP of (NP CBS )NP )PP )NP )PP (PP during (NP *UNK- )NP )PP (PP at (NP the *UNKC High School football game )NP )PP (S (VP asking (PP for (NP *UNK )NP )PP )VP )S )VP . )S  STOP
(SINV `` (S (NP There )NP (VP was (NP (NP a roll )NP (PP of (NP *UNK )NP )PP (PP through (NP the stands )NP )PP )NP )VP )S , '' (VP says )VP (NP (NP Joe *UNKC )NP , (NP (NP the editor )NP (PP of (NP (NP the weekly Press and Journal )NP (PP in (NP *UNKC )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (S (NP They )NP (VP 're (VP *UNKING (ADVP right now )ADVP (PP at (NP (NP the bank )NP (ADVP down (NP the street )NP )ADVP )NP )PP )VP )VP )S , and (S (NP they )NP (VP want (NP (NP *UNK )NP (PP of (NP (NP (NP people )NP (VP getting (PP out (PP of (NP cars )NP )PP )PP )VP )NP and (NP (NP kids )NP (PP on (NP *UNK )NP )PP )NP )NP )PP )NP )VP )S . )S  STOP
(S (NP They )NP (VP are (VP (VP *UNKING (NP (NP everyone )NP (PP on (NP the street )NP )PP )NP )VP and (VP asking (SBAR if (S (NP they )NP (VP want (S (VP to (VP be (PP in (NP a *UNK )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP says (SBAR (S (NP he )NP (VP would n't (VP dream (PP of (S (VP participating (NP himself )NP )VP )S )PP )VP )VP )S )SBAR )VP : )S  STOP
(NP `` No way . )NP  STOP
(S (NP I )NP (VP think (SBAR (S (NP *UNK- )NP (VP *UNK )VP )S )SBAR )VP . '' )S  STOP
(S (SBAR Though (S (NP a *UNK- )NP (VP may (VP have (NP the *UNK )NP )VP )VP )S )SBAR , (NP (NP Hollywood )NP (PP on (NP the Hudson )NP )PP )NP (NP it )NP (VP is n't )VP . )S  STOP
(S (NP Some producers )NP (VP seem (ADJP (ADJP tentative (PP about (NP the technique )NP )PP )ADJP , (ADJP *UNK )ADJP (ADVP even )ADVP )ADJP )VP . )S  STOP
(S So (NP the results )NP , (SBAR while (FRAG not (NP news )NP )FRAG )SBAR , (VP (VP are n't (ADVP exactly )ADVP (NP theater )NP (ADVP either )ADVP )VP , (VP (ADVP at least )ADVP not (NP good theater )NP )VP )VP . )S  STOP
(S And (NP some people )NP (VP do (VP think (SBAR that (S (S (VP acting (PRT out )PRT (NP *UNK )NP )VP )S (VP is n't (ADJP *UNK (PP of (NP (NP CBS News )NP , (SBAR (WHNP which )WHNP (S (ADVP once )ADVP (VP (VP *UNK (NP *UNK )NP (PP to (NP the network )NP )PP )VP and (VP set (NP standards )NP (PP for (NP the industry )NP )PP )VP )VP )S )SBAR )NP )PP )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP (NP his review )NP (PP of `` (NP (NP Saturday Night )NP (PP With (NP *UNKC Chung )NP )PP )NP )PP )NP )PP , '' (NP (NP Tom *UNKC )NP , (NP (NP (NP the TV critic )NP (PP of (NP the Washington *UNKC )NP )PP )NP and (ADVP generally )ADVP (NP (NP an *UNK )NP (PP of (NP CBS )NP )PP )NP )NP , )NP (VP wrote (SBAR that (S (SBAR while (S (NP the show )NP (VP is `` (ADJP impressive )ADJP )VP )S )SBAR , ... (NP one )NP (VP has (S (VP to (VP wonder (SBAR if (S (NP this )NP (VP is (NP (NP the proper direction )NP (SBAR for (S (NP a network news division )NP (VP to (VP take )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP . '' )S  STOP
(S (S (VP *UNKING (NP events )NP )VP )S (VP has , (PP in (ADJP general )ADJP )PP , (VP upset (NP (NP news *UNK )NP , (PP including (NP (NP former CBS News President Richard S. *UNKC )NP and (NP former NBC News President *UNKC Frank )NP , (NP former CBS News *UNK Walter *UNKC )NP and (NP (NP the new *UNK )NP (PP of (NP (NP the Columbia University *UNKC School )NP (PP of (NP *UNKC )NP )PP )NP )PP , (NP *UNKC *UNKC )NP )NP )NP )PP )NP )VP )VP . )S  STOP
(SINV (VP Says )VP (NP she )NP : `` (S (S (SBAR Once (S (NP you )NP (VP add (NP *UNK )NP )VP )S )SBAR , (S (NP it )NP (VP 's (ADVP no longer )ADVP (NP news )NP )VP )S , (S (NP it )NP (VP 's (NP drama )NP )VP )S , )S and (S (NP that )NP (VP has (NP no place )NP (PP on (NP a network news broadcast )NP )PP )VP )S )S ... . )SINV  STOP
(S (NP They )NP (VP should (ADVP never )ADVP (VP be (ADVP on )ADVP )VP )VP . )S  STOP
(ADVP Never . '' )ADVP  STOP
(S (NP (NP *UNKC )NP (PP of (NP the *UNKC Hoffman segment )NP )PP )NP (VP is (ADJP particularly *UNKING )ADJP (PP among (NP (NP people )NP (SBAR (WHNP who )WHNP (S (VP knew and *UNKED (NP the man )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP That )NP (VP includes (NP (NP (NP (NP his *UNK )NP (PP of (NP 15 years )NP )PP )NP , (NP *UNKC *UNKC )NP , )NP (CONJP as well as )CONJP (NP (NP his former wife )NP , (NP *UNKC )NP )NP )NP )VP . )S  STOP
(S (NP Both women )NP (VP say (SBAR (S (NP they )NP (ADVP also )ADVP (VP find (S (NP (NP it )NP )NP (ADJP *UNK )ADJP (SBAR that (S (NP CBS News )NP (VP is (ADVP apparently )ADVP (VP concentrating (PP on (NP (NP (NP Mr. Hoffman 's )NP problems )NP (PP as (NP a *UNK- )NP )PP )NP )PP )VP )VP )S )SBAR )S )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP This )NP (VP (VP is (ADJP dangerous )ADJP )VP and (VP *UNK (NP (NP *UNKC 's )NP life )NP )VP )VP )S , '' (VP says )VP (NP (NP Ms. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP has (VP had (NP (NP an advance look )NP (PP at (NP the *UNK- *UNK )NP )PP )NP )VP )VP )S )SBAR )NP . )SINV  STOP
(S `` (NP It )NP (VP 's (NP (NP a *UNK piece )NP (PP about (NP (NP someone )NP (SBAR (WHNP who )WHNP (S (VP is not (ADVP here )ADVP (S (VP to (VP defend (NP himself )NP )VP )VP )S )VP )S )SBAR )NP )PP )NP )VP . '' )S  STOP
(S (NP Mrs. Hoffman )NP (VP says (SBAR that (S (NP *UNK )NP `` (VP makes (S (NP the truth )NP (ADJP flexible )ADJP )S )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP (VP takes (NP (NP one person 's )NP account )NP )VP and (VP gives (NP it )NP (NP *UNK )NP )VP )VP . '' )S  STOP
(S (NP CBS News )NP (VP interviewed (NP (NP Jack Hoffman )NP and (NP (NP his sister )NP , (NP *UNKC )NP , )NP (CONJP as well as )CONJP (NP (NP (NP Mr. Hoffman 's )NP *UNK )NP (PP in (NP (NP *UNKC *UNKC )NP , (NP Pa )NP )NP )PP )NP )NP )VP . )S  STOP
(FRAG (ADVP Also )ADVP (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP *UNKED (PP with (NP Mr. Hoffman )NP )PP (PP on (NP two books )NP )PP )VP )S )SBAR )NP . )FRAG  STOP
(S (NP Mr. *UNKC )NP (VP says , `` (S (S (NP I )NP (VP wanted (S (VP to (VP be (VP interviewed )VP )VP )VP )S (S (VP to (VP get (S (NP (NP *UNKC 's )NP story )NP (ADVP out )ADVP )S )VP )VP )S )VP )S , and (S (ADVP maybe )ADVP (S (VP talking (PP about (NP the *UNK )NP )PP )VP )S (VP will (VP do (NP some good )NP )VP )VP )S )S )VP . '' )S  STOP
(S (NP (NP (NP The executive producer )NP (PP of `` (NP (NP Saturday Night )NP (PP With (NP *UNKC Chung )NP )PP )NP )PP )NP , '' (NP *UNKC *UNKC )NP , )NP (VP declines (S (VP to (VP discuss (NP (NP (NP *UNK- )NP (PP as (NP a practice )NP )PP )NP or (NP his show )NP , (PP in (ADJP particular )ADJP )PP )NP )VP )VP )S )VP . )S  STOP
(S `` (S (NP I )NP (VP do n't (VP talk (PP about (NP my work )NP )PP )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP (NP (NP The president )NP (PP of (NP CBS News )NP )PP )NP , (NP David W. *UNKC )NP , )NP (VP did n't (VP return (NP numerous telephone calls )NP )VP )VP . )S  STOP
(S (NP (NP One person )NP (ADJP close (PP to (NP the process )NP )PP )ADJP )NP (VP (VP says (SBAR (S (NP (NP it )NP )NP (VP would not (VP be (PP in (NP (NP the best interest )NP (PP of (NP CBS News )NP )PP )NP )PP (S (VP to (VP comment (PP on (NP (NP (NP a `` work )NP (PP in (NP progress )NP )PP )NP , '' (PP such as (NP the Hoffman *UNK- )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP , but (VP says (SBAR (S (NP CBS News )NP (VP is (ADJP `` aware '' (PP of (NP (NP the concerns )NP (PP of (NP (NP Ms. *UNKC )NP and (NP (NP Mr. Hoffman 's )NP former wife )NP )NP )PP )NP )PP )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Neither woman )NP (VP was (VP invited (PP by (NP CBS News )NP )PP (S (VP to (VP participate (PP in (NP (NP a *UNK- discussion )NP (PP about (NP Mr. Hoffman )NP )PP (SBAR (WHNP that )WHNP (S (VP is (S (VP to (VP follow (NP the *UNK- )NP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (NP (NP the actor )NP (SBAR (WHNP who )WHNP (S (VP plays (NP Mr. Hoffman )NP )VP )S )SBAR )NP , )NP (VP says (SBAR (SBAR (S (NP he )NP (VP was (ADJP concerned )ADJP (PP at (ADJP first )ADJP )PP (SBAR that (S (NP the *UNK )NP (VP would `` (VP *UNK (NP (NP an *UNK political mind )NP , (NP (NP one )NP (SBAR (WHNP that )WHNP (S (NP I )NP (VP *UNKED )VP )S )SBAR )NP , '' )NP )VP )VP )S )SBAR )VP )S )SBAR but (SBAR that (S (NP his concerns )NP (VP were (VP *UNKED )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP The producers )NP (PRN , (S (NP he )NP (VP says )VP )S , )PRN (VP did (NP (NP a good job )NP (PP of (S (VP *UNKING (NP (NP someone )NP `` (SBAR (SBAR (WHNP who )WHNP (S (VP had (VP done (NP so much )NP )VP )VP )S )SBAR , but (SBAR (WHNP who )WHNP (S (VP was (ADVP also )ADVP (NP a *UNK- )NP )VP )S )SBAR )SBAR )NP )VP )S )PP )NP )VP . )S  STOP
(S (NP (NP Dentsu Inc. )NP , (NP (NP (NP the world 's )NP largest advertising agency )NP (PP on (NP (NP the strength )NP (PP of (NP (NP its *UNK )NP (PP in (NP the Japanese market )NP )PP )NP )PP )NP )PP )NP )NP , (VP is (VP setting (NP its *UNK )NP (PP on (NP overseas expansion )NP )PP )VP )VP . )S  STOP
(S (NP Last year )NP , (NP Dentsu )NP (VP started (NP (NP *UNKC )NP , (NP (NP a joint network )NP (PP with (NP (NP U.S. ad agency Young & Rubicam )NP and (NP (NP Eurocom )NP (PP of (NP France )NP )PP )NP )NP )PP )NP )NP )VP . )S  STOP
(S (ADVP (NP A few months )NP ago )ADVP , (NP Dentsu )NP (VP acquired (NP (NP 69 % )NP (PP of (NP Australian agency *UNKC Communication Holdings Ltd. )NP )PP )NP (PP for (NP (NP (QP 5.9 million )QP Australian dollars )NP (PRN -LRB- (NP (QP US$ 4.6 million )QP )NP -RRB- )PRN )NP )PP )VP . )S  STOP
(S (S (NP Dentsu )NP (VP has (NP U.S. subsidiaries )NP )VP )S , but (S (NP they )NP (VP keep (NP low *UNK )NP )VP )S . )S  STOP
(S (ADVP Now )ADVP , (NP (NP the giant marketing company )NP , (SBAR (WHNP which )WHNP (S (VP holds (NP (NP 25 % )NP (PP of (NP (NP Japan 's )NP (ADJP (ADJP (QP 4.4 trillion )QP yen )ADJP (PRN -LRB- (ADJP (QP $ *UNKN billion )QP )ADJP -RRB- )PRN )ADJP advertising industry )NP )PP )NP )VP )S )SBAR , )NP (VP is (VP considering (NP (NP the acquisition )NP (PP of (NP (NP an advertising network )NP (PP in (NP (NP the U.S. )NP or (NP Europe )NP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (VP is (VP driving (NP (NP Dentsu 's )NP international expansion )NP )VP )VP )S )SBAR (ADVP largely )ADVP (VP is (NP the need (S (VP to (VP keep (PRT up )PRT (PP with (NP its Japanese clients )NP )PP (SBAR as (S (NP they )NP (VP grow (PP in (NP (NP the U.S. )NP and (NP Europe )NP )NP )PP )VP )S )SBAR )VP )VP )S )NP )VP . )S  STOP
(SINV `` (S (SBAR If (S (NP we )NP (VP do n't (VP do (NP something )NP )VP )VP )S )SBAR ... (NP we )NP (VP wo n't (VP be (ADJP able (S (VP to (VP catch (PRT up )PRT (PP with (NP demand )NP )PP )VP )VP )S )ADJP )VP )VP )S , '' (VP says )VP (NP a Dentsu spokesman )NP . )SINV  STOP
(S `` (NP Our president )NP (VP said (SBAR (S (NP acquisition )NP (VP is (NP an effective method )NP )VP )S )SBAR )VP . '' )S  STOP
(S (S (NP Last year )NP , (NP (NP Dentsu 's )NP foreign business )NP (VP accounted (PP for (NP (NP (QP less than 10 )QP % )NP (PP of (NP total *UNK )NP )PP )NP )PP )VP )S , but (S (NP the company )NP (VP is (VP *UNKING (PP at (NP (NP 20 % )NP (PP in (NP the near future )NP )PP )NP )PP )VP )VP )S . )S  STOP
(S (ADVP So far )ADVP , (NP it )NP (VP appears (ADJP cautious (PP about (S (VP taking (NP the big step )NP )VP )S )PP )ADJP )VP . )S  STOP
(S (PP For (NP example )NP )PP , (NP the spokesman )NP (VP says (SBAR (S (NP Dentsu )NP (VP has (VP been (VP approached (PP by (NP (NP banks )NP and (NP securities companies )NP )NP )PP (NP (NP a number )NP (PP of (NP times )NP )PP )NP (S (VP to (VP invest (PP in (NP the troubled British marketing group Saatchi & Saatchi PLC )NP )PP )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP he )NP (VP said (SBAR (S (NP Dentsu )NP (VP has n't (VP looked (ADVP seriously )ADVP (PP at (NP Saatchi )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Though (S (NP Dentsu )NP (VP says (SBAR (S (NP it )NP (VP has (NP no concrete (NX (NX acquisition plans )NX or (NX *UNK )NX )NX )NP )VP )S )SBAR )VP )S )SBAR , (NP it )NP (VP is (VP *UNKING (NP (NP the *UNK )NP (PP for (NP international growth )NP )PP )NP )VP )VP . )S  STOP
(S (NP It )NP (VP is (VP setting (PRT up )PRT (NP (NP a special team )NP (PP in (NP (NP charge )NP (PP of (NP (NP international markets )NP and (S (VP training (S (NP workers )NP (VP to (VP do (NP business )NP (ADVP abroad )ADVP )VP )VP )S )VP )S )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (PP For (NP (NP the year )NP (VP ended (NP March 31 )NP )VP )NP )PP , (S (NP Dentsu sales )NP (VP rose (NP 19 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ 7.5 billion )QP )NP )PP )VP )S , and (S (NP net income )NP (VP jumped (NP 59 % )NP (PP to (NP (QP $ 102 million )QP )NP )PP (PP from (NP (QP $ 64 million )QP )NP )PP )VP )S . )S  STOP
(S (NP (NP Dentsu 's )NP *UNK )NP (NP last year )NP (VP were (ADJP (ADJP larger )ADJP (PP than (NP (NP those )NP (PP of (NP (NP Young & Rubicam )NP , (NP (NP the world 's )NP second-largest ad agency )NP )NP )PP )NP )PP )ADJP , (PP according (PP to (NP (NP a survey )NP (PP by (NP the publication Advertising *UNKC )NP )PP )NP )PP )PP )VP . )S  STOP
(S But (NP (NP success overseas )NP (PP in (NP *UNK markets )NP )PP )NP (VP could (VP be (ADJP (ADJP *UNK )ADJP (PP than (PP for (NP (NP other industries )NP (PP such as (NP manufacturers )NP )PP )NP )PP )PP )ADJP )VP )VP . )S  STOP
(S (PP On (NP its own )NP )PP , (NP (NP (NP Dentsu 's )NP *UNK )NP (PP in (NP Japan )NP )PP )NP (VP may (VP count (PP for (NP little )NP )PP (PP in (NP major foreign markets )NP )PP (SBAR (WHADVP when )WHADVP (S (VP seeking (NP *UNK- clients )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP Thus )ADVP , (NP an acquisition )NP (VP may (VP prove (NP the necessary course )NP )VP )VP . )S  STOP
(S But (NP Japanese agencies )NP (VP are (ADJP cautious (PP about (S (VP expanding (ADVP abroad )ADVP )VP )S )PP )ADJP (SBAR because (S (NP client relationships )NP (VP are (ADJP different )ADJP )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP Japanese agencies )NP (VP do (NP business )NP (PP with (NP (NP rival clients )NP (PP in (NP the same industry )NP )PP )NP )PP , (NP (NP a practice )NP `` (SBAR (WHNP that )WHNP (S (VP would (VP be (ADJP *UNK )ADJP (PP by (NP traditional Western conflict rules )NP )PP )VP )VP )S )SBAR )NP )VP )S , '' (VP says )VP (NP (NP Roy *UNKC )NP , (NP (NP the London chief executive )NP (PP of (NP (NP Saatchi & Saatchi 's )NP communications division )NP )PP )NP )NP . )SINV  STOP
(S (S (SBAR Although (S (S (VP acquiring (NP a foreign company )NP )VP )S (VP would (VP expand (NP (NP Japanese advertising agencies ' )NP business )NP (PP to (NP foreign clients )NP )PP )VP )VP )S )SBAR , (NP many clients )NP (VP would (ADVP also )ADVP (VP be (NP (NP Japanese companies )NP (VP expanding (ADVP overseas )ADVP )VP )NP )VP )VP )S , (VP says )VP (NP the Dentsu spokesman )NP . )S  STOP
(S But (NP the different business system )NP (VP would (VP make (S (NP (NP it )NP )NP (ADJP hard )ADJP (SBAR for (S (NP Dentsu )NP (VP to (VP provide (NP these Japanese companies )NP (NP (NP the same kind )NP (PP of (NP services )NP )PP (SBAR (S (NP they )NP (VP do (PP in (NP Japan )NP )PP )VP )S )SBAR )NP )VP )VP )S )SBAR )S )VP )VP . )S  STOP
(S (NP (NP Ciba-Geigy AG )NP , (NP the big Swiss chemicals company )NP , )NP (VP said (SBAR that (S (NP it )NP (VP agreed (PP in (NP (NP a letter )NP (PP of (NP intent )NP )PP )NP )PP (PP with (NP *UNKING Inc. )NP )PP (S (VP to (VP acquire (NP (NP (NP *UNKING 's )NP (ADJP 50 % )ADJP share )NP (PP of (NP (NP *UNKC Corning *UNKC Corp. )NP , (VP based (PP in (NP (NP *UNKC )NP , (NP Mass )NP )NP )PP )VP )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP *UNKC Corning )NP , (SBAR (WHNP which )WHNP (S (VP had (VP been (NP (NP a *UNKN venture )NP (PP between (NP (NP *UNKED Ciba-Geigy )NP and (NP Corning )NP )NP )PP )NP )VP )VP )S )SBAR , )NP (VP has (NP (NP annual sales )NP (PP of (NP (QP about $ 300 million )QP )NP )PP )NP )VP )S , (NP the announcement )NP (VP said )VP . )S  STOP
(S (NP (NP Terms )NP (PP of (NP the transaction )NP )PP )NP (VP were n't (VP disclosed )VP )VP . )S  STOP
(S (NP *UNKC Corning )NP (VP makes (NP (NP (NP clinical *UNK systems )NP and (NP related products )NP )NP (PP for (NP the *UNK- industry )NP )PP )NP )VP . )S  STOP
(S (NP The announcement )NP (VP said (SBAR (S (NP the acquisition )NP (VP should (VP be (VP completed (PP by (NP December )NP )PP (SBAR after (S (S (NP a definitive agreement )NP (VP is (VP completed )VP )VP )S and (S (NP regulatory approval )NP (VP is (VP received )VP )VP )S )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Ciba-Geigy )NP (VP intends (S (VP to (VP develop (NP the *UNKC Corning unit )NP (PP into (NP a `` substantial business )NP )PP , '' (S (VP making (S (NP the unit )NP (NP (NP an `` *UNK part '' )NP (PP of (NP (NP Ciba-Geigy 's )NP `` comprehensive disease management concept )NP )PP )NP )S )VP )S )VP )VP )S )VP . )S  STOP
(S (NP The NBC network )NP (VP canceled (NP (NP its first new series )NP (PP of (NP the fall TV season )NP )PP )NP , (S (VP killing (NP (NP *UNKC Brooks 's )NP *UNK hotel comedy `` (NX The *UNKC House )NX )NP )VP )S )VP . '' )S  STOP
(S (NP (NP The show )NP , (NP (NP one )NP (PP of (NP five new NBC series )NP )PP )NP , )NP (VP is (NP (NP the second *UNK )NP (PP of (NP the three networks )NP )PP )NP (ADVP so far )ADVP (NP this fall )NP )VP . )S  STOP
(S (NP Last week )NP (NP CBS Inc. )NP (VP canceled `` (NP (NP The People )NP (ADVP Next *UNKC )ADVP )NP )VP . '' )S  STOP
(S (NP (NP NBC 's )NP comedy )NP (VP (VP had (VP *UNKED (NP *UNKC )NP (PP at (NP *UNKN p.m. )NP )PP )VP )VP and (VP (PP in (NP five *UNK )NP )PP had (VP drawn (NP (NP an average )NP (PP of (NP (NP (QP only *UNKN )QP % )NP (PP of (NP homes )NP )PP )NP )PP )NP , (S (VP *UNKING (PP behind (NP (NP (NP the *UNKC Lee *UNKC comedy `` (NX *UNKING But *UNKC )NX '' )NP (PP on (NP ABC )NP )PP )NP and (NP (NP CBS 's )NP *UNK- drama `` (NX *UNKC and the *UNKC )NX )NP )NP )PP )VP )S )VP )VP )VP . '' )S  STOP
(S (NP (NP NBC )NP , (NP (NP a unit )NP (PP of (NP General Electric Co. )NP )PP )NP , )NP (VP has n't (VP decided (PP on (NP (NP a permanent replacement )NP (PP for (NP the canceled series )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP John *UNKC Ltd. )NP (VP said (SBAR (S (NP it )NP (VP plans (NP (NP a private placement )NP (PP of (NP (NP (NP (QP 150 million )QP Canadian dollars )NP (PRN -LRB- (NP (QP US$ *UNKN million )QP )NP -RRB- )PRN )NP (PP in (NP preferred shares )NP )PP )NP )PP , (SBAR (S (VP to (VP be (VP completed (PP around (NP Nov. 1 )NP )PP )VP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP Proceeds )NP (VP will (VP be (VP used (S (VP to (VP reduce (NP (NP short-term debt )NP (PP at (NP the beer and food concern )NP )PP )NP )VP )VP )S )VP )VP )VP )S , (VP said )VP (NP (NP Robert *UNKC )NP , (NP (NP vice president )NP , (NP finance )NP )NP )NP . )SINV  STOP
(S (NP The preferred shares )NP (VP will (VP carry (NP (NP a floating annual dividend )NP (ADJP equal (PP to (NP (NP 72 % )NP (PP of (NP (NP the 30-day bankers ' )NP *UNK rate )NP )PP )NP )PP )ADJP )NP (PP until (NP (NP Dec. 31 )NP , (NP 1994 )NP )NP )PP )VP )VP . )S  STOP
(S (ADVP *UNKC )ADVP , (NP the rate )NP (VP will (VP be (VP *UNKED )VP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR that (S (SBAR if (S (NP no agreement )NP (VP is (VP reached )VP )VP )S )SBAR , (NP other buyers )NP (VP will (VP be (VP sought (PP by (NP bid or auction )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The shares )NP (VP are (ADJP *UNK )ADJP (PP after (NP (NP the end )NP (PP of (NP 1994 )NP )PP )NP )PP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP the share issue )NP (VP is (NP (NP part )NP (PP of (NP (NP a strategy )NP (SBAR (S (VP to (VP strengthen (NP (NP *UNKC 's )NP balance sheet )NP (PP in (NP (NP anticipation )NP (PP of (NP (NP acquisitions )NP (SBAR (S (VP to (VP be (VP made (PP during (NP the next (QP 12 to 18 )QP months )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP *UNKC 's )NP )NP (VP has (NP (NP no takeover bids )NP (ADJP outstanding )ADJP )NP (ADVP currently )ADVP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (NP (NP *UNKC underwriter )NP (PP to (NP the issue )NP )PP )NP (VP is (NP Toronto *UNKC Securities Inc )NP )VP . )S  STOP
(S (NP Texas *UNKC Inc. )NP , (S (ADVP once )ADVP (NP (NP a *UNK )NP (PP in (NP portable computer technology )NP )PP )NP )S , (NP today )NP (VP will (VP make (NP a bid (S (VP to (VP *UNK (NP itself )NP (PP in (NP that business )NP )PP (PP by (S (VP *UNKING (NP three small personal computers )NP )VP )S )PP )VP )VP )S )NP )VP )VP . )S  STOP
(S (NP The announcements )NP (VP (VP are (VP scheduled (S (VP to (VP be (VP made (PP in (NP (NP *UNKC )NP , (NP Texas )NP , )NP )PP )VP )VP )VP )S )VP )VP and (VP include (NP (NP a so-called `` *UNK '' PC )NP (SBAR (WHNP that )WHNP (S (VP (VP *UNK (NP (QP less than seven )QP pounds )NP )VP , (VP has (NP a *UNK- hard disk drive )NP )VP and (VP is (VP *UNKED (PP by (NP (NP Intel Corp. 's )NP *UNKN *UNK )NP )PP )VP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP That introduction )NP (VP comes (SBAR (NP (QP only two )QP weeks )NP after (S (NP Compaq Computer Corp. )NP , (S (VP *UNKING (SBAR (S (NP it )NP (VP had (NP (NP a lead )NP (PP of (NP (QP three to six )QP months )NP )PP (PP on (NP competitors )NP )PP )NP )VP )S )SBAR )VP )S , (VP introduced (NP (NP the first U.S. *UNK computer )NP (PP with (NP such features )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (PP Despite (NP (NP the *UNK comparison )NP (PP with (NP Compaq )NP )PP )NP )PP , (ADVP however )ADVP , (NP (NP Texas *UNKC ' )NP new *UNK )NP (VP wo n't (VP be (NP a direct competitor )NP )VP )VP . )S  STOP
(S (SBAR While (S (NP Compaq )NP (VP sells (NP its machines )NP (PP to (NP businesses )NP )PP (PP through (NP computer retailers )NP )PP )VP )S )SBAR , (NP Texas *UNKC )NP (VP will (VP be (VP selling (NP (NP most )NP (PP of (NP its machines )NP )PP )NP (PP (PP to (NP the industrial market )NP )PP and (PP to (NP (NP *UNKED *UNK )NP and (NP *UNK- manufacturers )NP )NP )PP )PP )VP )VP )VP . )S  STOP
(S (NP The *UNK )NP (ADVP also )ADVP (VP mark (NP (NP (NP Texas *UNKC ' )NP plunge )NP (ADVP back (PP into (NP (NP a technology )NP (SBAR (S (NP it )NP (VP has (VP (ADVP all but )ADVP ignored (PP for (NP the past several years )NP )PP )VP )VP )S )SBAR )NP )PP )ADVP )NP )VP . )S  STOP
(S (SBAR Although (S (NP the *UNKED computer giant )NP (VP (VP introduced (NP (NP the first portable data terminal )NP )NP (PP in (NP 1971 )NP )PP (PRN -- (NP a *UNK- *UNK )NP -- )PRN )VP and (VP (NP (NP the world 's )NP first *UNKED portable )NP (PP in (NP 1976 )NP )PP )VP )VP )S )SBAR , (NP (NP the only portable machines )NP (SBAR (S (NP it )NP (VP has (VP introduced (PP since (NP (NP the first part )NP (PP of (NP the decade )NP )PP )NP )PP )VP )VP )S )SBAR )NP (VP have (VP been (NP (NP `` *UNK '' terminals )NP (PP with (NP limited *UNK- processing ability )NP )PP )NP )VP )VP . )S  STOP
(S (NP It )NP (VP stopped (S (VP selling (NP a standard personal computer )NP )VP )S (ADVP (NP a while )NP ago )ADVP )VP . )S  STOP
(S (ADVP Now )ADVP (NP that )NP (VP is (VP about (S (VP to (VP change )VP )VP )S , (SBAR as (S (NP Texas *UNKC )NP (VP begins (S (VP marketing (NP (NP two *UNK- laptop PCs )NP (PP with (NP 20 *UNK and 40 *UNK hard drives )NP )PP )NP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The *UNK )NP (VP (VP are not (ADJP *UNK )ADJP )VP and (VP , (ADVP indeed )ADVP , are (ADJP *UNK )ADJP (PP in (NP (NP a market )NP (VP (ADVP first )ADVP opened (PP by (NP (NP *UNKC Systems Corp. )NP , (ADVP now )ADVP (NP (NP a unit )NP (PP of (NP Tandy Corp. )NP )PP )NP )NP )PP , (ADVP (NP (QP almost two )QP years )NP ago )ADVP )VP )NP )PP )VP )VP . )S  STOP
(S But (NP (NP the *UNK )NP , (PP with (NP the (ADJP more advanced )ADJP (NX (NX *UNK )NX and (NX hard disk )NX )NX )NP )PP , )NP (VP is (ADJP more *UNK )ADJP )VP . )S  STOP
(S (S (VP *UNKING (NP *UNKN pounds )NP (PP with (NP *UNK )NP )PP )VP )S , (NP the notebook )NP (VP (VP measures (NP (QP *UNKN by *UNKN )QP inches )NP )VP , (VP has (NP a *UNK- hard disk drive )NP )VP and (VP boasts (NP (NP a *UNK screen )NP (SBAR (WHNP that )WHNP (S (VP is (ADJP (ADJP (NP 22 % )NP larger )ADJP (PP than (NP Compaq 's )NP )PP )ADJP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (S (NP Its *UNK )NP , (PP according (PP to (NP industry consultants )NP )PP )PP , (VP is (ADJP (ADJP better )ADJP (PP than (NP Compaq 's )NP )PP )ADJP )VP )S , but (S (NP (NP its *UNK life )NP (PP of (NP (QP two to three )QP hours )NP )PP )NP (VP is (ADJP *UNK )ADJP )VP )S . )S  STOP
(S (NP It )NP (VP does n't (VP have (NP an internal *UNK disk drive )NP , (SBAR although (S (NP a *UNK- drive )NP (VP can (VP be (VP purchased (ADVP separately )ADVP )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Its greatest *UNK )NP (VP may (VP be (NP (NP its *UNK- *UNK )NP , (ADJP big enough (SBAR for (S (NP one consultant )NP (VP to (VP *UNK (NP it )NP (PP as `` (ADJP *UNK )ADJP )PP )VP )VP )S )SBAR )ADJP )NP )VP )VP . '' )S  STOP
(S (NP (NP *UNKC prices )NP (PP on (NP the *UNK Texas *UNKC *UNK )NP )PP )NP (VP will (VP be (NP (NP (NP $ *UNKN )NP (PP for (NP (NP the *UNK *UNKC 25 )NP , (PP with (NP a 20 *UNK disk drive )NP )PP , )NP )PP )NP and (NP (NP $ *UNKN )NP (PP for (NP the *UNK- *UNKC 45 )NP )PP )NP )NP )VP )VP . )S  STOP
(S (NP (NP The notebook )NP , (NP the *UNK *UNKC 12 )NP , )NP (VP will (VP be (VP priced (PP at (NP $ *UNKN )NP )PP )VP )VP )VP . )S  STOP
(S (NP Shearson Lehman Hutton Inc. )NP (VP said (SBAR (S (NP it )NP (VP applied (PP to (NP *UNKC securities officials )NP )PP (PP for (NP permission (S (VP to (VP open (NP brokerage offices )NP (PP in (NP Taipei )NP )PP )VP )VP )S )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Shearson 's )NP application )NP (VP is (NP the first )NP (SBAR since (S (NP the Taiwan Securities and Exchange Commission )NP (VP announced (NP June 21 )NP (SBAR that (S (NP it )NP (VP would (VP allow (S (NP foreign brokerage firms )NP (VP to (VP do (NP business )NP (PP in (NP that country )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Taiwan officials )NP (VP are (VP expected (S (VP to (VP review (NP the Shearson application )NP (NP later this year )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP Under (NP current rules )NP )PP , (NP (NP investors )NP (PP in (NP Taiwan )NP )PP )NP (VP can (VP buy (NP overseas stocks )NP (PP (ADVP only )ADVP through (NP (NP the purchase )NP (PP of (NP (NP mutual funds )NP (VP issued (PP by (NP (ADJP local and foreign )ADJP investment *UNK )NP )PP )VP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The new rules )NP (VP will (VP allow (S (NP investors )NP (VP to (VP buy (NP foreign stocks )NP (ADVP directly )ADVP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP A spokesman )NP (PP for (NP Shearson )NP )PP )NP (VP said (SBAR (S (NP the brokerage service )NP (VP will (VP be (VP *UNKED (PP at (NP (NP individual investors )NP (SBAR (WHNP who )WHNP (S (VP want (S (VP to (VP buy (NP (ADJP foreign and domestic )ADJP stocks )NP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP It )NP (VP 's (NP (NP an attractive market )NP (PP with (NP good growth opportunities )NP )PP )NP )VP )S , '' (NP he )NP (VP added )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP in (NP (NP the West )NP and (NP (NP parts )NP (PP of (NP the South )NP )PP )NP )NP )PP )NP (VP are (VP entering (NP the critical Christmas shopping season )NP (PP with (NP (NP more momentum )NP (PP than (NP (NP those )NP (PP in (NP other regions )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP a new report )NP )PP , (NP (NP the International Council )NP (PP of (NP *UNKING *UNKC )NP )PP )NP (VP said (SBAR (S (NP (NP sales )NP (PP of (NP general merchandise )NP )PP (PP in (NP the West )NP )PP (PP for (NP (NP the first seven months )NP (PP of (NP 1989 )NP )PP )NP )PP )NP (VP rose (PP (NP 6.6 % )NP above (NP year-earlier levels )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Sales )NP (VP (VP increased (NP a (ADJP more modest )ADJP 4.8 % )NP (PP in (NP the South )NP )PP )VP and (VP (NP 4.4 % )NP (PP in (NP the Midwest )NP )PP )VP )VP . )S  STOP
(S (S But (S (NP (NP sales )NP (PP in (NP (NP the *UNK- state )NP (PP of (NP Texas )NP )PP )NP )PP )NP (VP surged (NP *UNKN % )NP )VP )S and (S (NP (NP sales )NP (PP in (NP South Carolina )NP )PP )NP (VP jumped (NP *UNKN % )NP (PP in (NP the period )NP )PP )VP )S )S , (NP the New York trade group )NP (VP said )VP . )S  STOP
(S (PP In (NP the Northeast )NP )PP , (ADVP however )ADVP , (NP sales )NP (VP declined (NP *UNKN % )NP (PP in (NP the period )NP )PP , (PP with (S (NP (NP sales )NP (PP in (NP New England )NP )PP )NP (VP falling (NP 2.6 % )NP )VP )S )PP )VP . )S  STOP
(SINV (S (NP The numbers )NP (VP show (SBAR that `` (S (NP we )NP (VP do n't (VP have (NP a *UNK economy )NP )VP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP council research director )NP )NP . )SINV  STOP
(S `` (NP There )NP (VP are (NP (NP a lot )NP (PP of (NP (ADJP have and *UNK- )ADJP markets )NP )PP )NP )VP . '' )S  STOP
(S (S (NP Sales )NP (ADVP *UNKLY )ADVP (VP rose (NP 3.9 % )NP (PP through (NP (NP July )NP , (NP (NP the latest month )NP (SBAR (WHPP for (WHNP which )WHNP )WHPP (S (NP the figures )NP (VP are (ADJP available )ADJP )VP )S )SBAR )NP )NP )PP )VP )S , (NP the council )NP (VP said )VP . )S  STOP
(S (NP (NP The Northern California earthquake )NP and (NP Hurricane Hugo )NP )NP (VP are (ADJP likely (S (VP to (ADVP temporarily )ADVP (VP damp (NP sales growth )NP (PP in (NP (NP the West )NP and (NP South Carolina )NP )NP )PP )VP )VP )S )ADJP )VP . )S  STOP
(S But (NP Mr. *UNKC )NP (VP predicted (SBAR (S (NP the regional trends )NP (VP would (VP continue (PP through (NP Christmas )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP The big *UNK )NP (VP is (NP (NP as much )NP (PP of (NP a factor )NP )PP (PP in (NP retailing )NP )PP (PP as (PP in (NP politics )NP )PP )PP )NP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP The Christmas quarter )NP (VP is (ADJP important (PP to (NP retailers )NP )PP )ADJP (SBAR because (S (NP it )NP (VP represents (NP (NP (NP (QP roughly a third )QP )NP (PP of (NP their sales )NP )PP )NP and (NP (NP (QP nearly half )QP )NP (PP of (NP their profits )NP )PP )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The council 's )NP report )NP (VP is (VP based (PP on (NP (NP data )NP (SBAR (S (NP the trade group )NP (VP buys (PP from (NP the U.S. *UNKC Bureau )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP The information )NP (PP on (NP 125 metropolitan markets )NP )PP )NP (VP is (VP *UNKED (PP by (NP (NP (NP retailers )NP (PP such as (NP (NP Sears , *UNKC & Co. )NP and (NP K mart Corp. )NP )NP )PP )NP (CONJP as well as )CONJP (NP (NP (ADJP closely held )ADJP concerns )NP (PP such as (NP *UNKC Macy & Co )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP The council )NP (VP plans (S (VP to (VP release (NP its regional reports )NP (ADVP monthly )ADVP )VP )VP )S )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (S (NP (NP strength )NP (PP in (NP employment )NP )PP )NP (VP appears (S (VP to (VP have (NP (NP the biggest impact )NP (PP on (NP sales growth )NP )PP )NP )VP )VP )S )VP )S )VP . )S  STOP
(S (NP (NP (NP El *UNKC )NP , (NP Austin )NP and (NP Fort Worth )NP )NP , (NP (NP the three strongest retail markets )NP (PP in (NP the nation )NP )PP )NP , )NP (VP are all (VP located (PP in (NP (NP Texas )NP , (SBAR (WHADVP where )WHADVP (S (NP employment )NP (VP grew (NP a (ADJP relatively strong )ADJP 2 % )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP Massachusetts )NP , (SBAR (WHNP which )WHNP (S (VP has (VP lost (NP (NP jobs )NP (PP in (NP the (UCP computer and *UNKED )UCP industries )NP )PP )NP )VP )VP )S )SBAR , )NP (VP was (NP the *UNK link )NP (PP in (NP *UNK New England )NP )PP )VP . )S  STOP
(S (NP The results )NP (VP reflect (NP (NP a *UNK )NP (PP in (NP (NP the *UNK )NP (PP of (NP the regions )NP )PP )NP )PP )NP (PP during (NP the past two years )NP )PP )VP . )S  STOP
(S (PP In (NP 1987 )NP )PP , (S (NP the West )NP (VP had (NP the *UNK sales growth )NP )VP )S , and (S (NP (NP the South )NP and (NP the Midwest )NP )NP (VP were (ADJP first and second )ADJP (ADVP respectively )ADVP )VP )S , (PP according (PP to (NP the council )NP )PP )PP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR that (S (SBAR although (S (NP retailers )NP (ADVP probably )ADVP (VP wo n't (ADVP ever )ADVP (VP recover (NP (NP sales )NP (VP lost (PP because of (NP (NP the California quake )NP and (NP Hurricane Hugo )NP )NP )PP )VP )NP )VP )VP )S )SBAR , (NP they )NP (VP could (VP see (NP some benefits )NP (ADVP later on )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Stores )NP (PP such as (NP Sears )NP )PP (SBAR (WHNP that )WHNP (S (VP sell (NP *UNK- durable goods )NP )VP )S )SBAR )NP (VP might (ADVP actually )ADVP (VP get (NP a boost )NP (SBAR as (S (NP consumers )NP (VP rush (S (VP to (VP replace (NP (NP items )NP (VP lost (PP in (NP the disasters )NP )PP )VP )NP )VP )VP )S )VP )S )SBAR )VP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (NP *UNKC Corp. )NP (VP said (SBAR (S (NP it )NP (VP will (VP spend (NP (QP $ 42 million )QP )NP (S (VP to (VP (VP purchase (NP land )NP )VP and (VP *UNK (NP its *UNK *UNK storage facility )NP (PP to (NP (NP Clark County )NP , (NP *UNKC )NP , )NP )PP (PP from (NP (NP Henderson )NP , (NP *UNKC )NP )NP )PP )VP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP it )NP (VP will (VP move (NP (NP the storage )NP and (NP *UNKING operations )NP )NP (PP to (NP (NP a site )NP (ADVP (NP 23 miles )NP *UNK (PP of (NP Las Vegas )NP )PP )ADVP )NP )PP (S (VP to (VP distance (NP the operations )NP (PP from (NP residential areas )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC *UNK )NP (VP is (NP (NP an *UNK )NP (SBAR (WHNP that )WHNP (S (VP is (VP mixed (PP with (NP a *UNK )NP )PP (S (VP to (VP make (NP (NP *UNK fuel )NP (VP used (PP in (NP (NP the space shuttle )NP and (NP military *UNK )NP )NP )PP )VP )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (NP May 1988 )NP )PP , (NP (NP an *UNK *UNK plant )NP (PP in (NP Henderson )NP )PP (VP owned (PP by (NP an American Pacific Corp. unit )NP )PP )VP )NP (VP was (VP *UNKED (PP by (NP (NP a series )NP (PP of (NP *UNK )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP After (NP the *UNK )NP )PP , (NP *UNKC )NP (ADVP temporarily )ADVP (VP shut (PRT down )PRT (NP (NP its facility )NP (ADVP just south (PP of (NP Las Vegas )NP )PP )ADVP )NP (PP for (NP a safety *UNK )NP )PP )VP . )S  STOP
(S (NP (NP American Pacific )NP and (NP *UNKC )NP )NP (VP are (NP (NP the (QP only two )QP U.S. manufacturers )NP (PP of (NP *UNK *UNK )NP )PP )NP )VP . )S  STOP
(S (S (SBAR (WHADVP When )WHADVP (S (NP the plant )NP (VP was (VP *UNKED )VP )VP )S )SBAR , `` (NP I )NP (VP think (S (NP everyone )NP (VP got (ADJP concerned (SBAR that (S (NP the same thing )NP (VP would (VP happen (PP at (NP our plant )NP )PP )VP )VP )S )SBAR )ADJP )VP )S )VP )S , '' (NP a *UNKC spokeswoman )NP (VP said )VP . )S  STOP
(S (NP That )NP (VP prompted (S (NP *UNKC )NP (VP to (VP consider (S (VP moving (NP the (ADJP potentially volatile )ADJP (NX (NX storage facilities )NX and (NX *UNKING operations )NX )NX )NP (ADVP away (PP from (NP town )NP )PP )ADVP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP has (VP (VP purchased (NP *UNKN acres )NP (PP from (NP the federal government )NP )PP (PP in (NP Clark County )NP )PP )VP and (VP plans (S (VP to (VP begin (NP construction )NP (NP early next year )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The new facility )NP (VP is (VP expected (S (VP to (VP begin (NP operations )NP (PP in (NP early 1991 )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP The Henderson plant )NP (VP will (VP continue (NP its other chemical operations )NP )VP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP (NP This maker )NP (PP of (NP electronic devices )NP )PP )NP (VP said (SBAR (S (NP it )NP (VP replaced (NP (QP all five )QP *UNK directors )NP (PP at (NP (NP a special meeting )NP (VP called (PP by (NP (NP Milton B. Hollander )NP , (SBAR (WHNP (WHNP whose High Technology Holding Co. )WHNP (PP of (NP (NP Stamford )NP , (NP Conn. )NP )NP )PP )WHNP (S (VP acquired (NP (NP most )NP (PP of (NP (NP its (ADJP *UNKN % )ADJP stake )NP (PP in (NP Newport )NP )PP )NP )PP )NP (PP in (NP August )NP )PP )VP )S )SBAR )NP )PP )VP )NP )PP )VP )S )SBAR )VP . )S  STOP
(SINV (VP *UNKED (PP as (NP directors )NP )PP )VP (VP were )VP (NP (NP Mr. Hollander )NP , (NP Frederick *UNKC )NP , (NP Frederick Ross )NP , (NP Arthur B. *UNKC )NP and (NP Rose *UNKC )NP )NP . )SINV  STOP
(SINV (VP *UNKED (PP from (NP office )NP )PP )VP (VP were )VP (NP (NP George *UNKC )NP , (NP Robert E. Davis )NP , (NP Norman *UNKC )NP , (NP (NP John *UNKC )NP , (NP corporate secretary )NP )NP , and (NP (NP *UNKC B. Weekes )NP , (NP (NP chairman )NP , (NP president )NP and (NP chief executive officer )NP )NP )NP )NP . )SINV  STOP
(S (S (NP Newport officials )NP (VP did n't (VP respond (NP Friday )NP (PP to (NP requests (S (VP to (VP discuss (NP (NP the changes )NP (PP at (NP the company )NP )PP )NP )VP )VP )S )NP )PP )VP )VP )S but (S (ADVP earlier )ADVP , (NP Mr. Weekes )NP (VP had (VP said (SBAR (S (NP Mr. Hollander )NP (VP wanted (S (VP to (VP have (NP his own team )NP (PP on (NP the board )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP )S . )S  STOP
(S (NP (NP *UNKC Co. )NP , (NP (NP Japan 's )NP leading cosmetics producer )NP , )NP (VP said (SBAR (S (NP it )NP (VP had (NP (NP net income )NP (PP of (NP (NP (QP *UNKN billion )QP yen )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP )PP )NP (PP in (NP (NP its first half )NP , (SBAR (WHNP which )WHNP (S (VP ended (NP Sept. 30 )NP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC *UNK )NP (PP with (NP the previous year )NP )PP )NP (VP were (ADJP unavailable )ADJP (PP because of (NP (NP a change )NP (PP in (NP (NP the company 's )NP fiscal *UNK )NP )PP )NP )PP )VP . )S  STOP
(S (NP The *UNKED company )NP (VP had (NP (NP net )NP (PP of (NP (QP *UNKN billion )QP yen )NP )PP )NP (PP in (NP (NP the previous reporting period )NP , (SBAR (WHNP which )WHNP (S (VP was (NP (NP the four months )NP (VP ended (NP March 31 )NP )VP )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP Sales )NP (PP in (NP the first half )NP )PP )NP (VP came (PP to (NP (QP *UNKN billion )QP yen )NP )PP , (PP compared (PP with (NP *UNKN billion yen )NP )PP )PP (PP in (NP the *UNK- period )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP predicted (SBAR that (S (NP (NP sales )NP (PP for (NP (NP the year )NP (VP ending (NP next March 31 )NP )VP )NP )PP )NP (VP will (VP be (NP (NP (QP *UNKN billion )QP yen )NP , (PP compared (PP with (NP (NP (QP *UNKN billion )QP yen )NP (PP in (NP (NP the year )NP (VP ended (NP Nov. 30 , 1988 )NP )VP )NP )PP )NP )PP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP said (SBAR (S (NP it )NP (VP expects (S (NP net )NP (VP to (VP rise (PP to (NP (QP 11 billion )QP yen )NP )PP (PP from (NP (QP *UNKN billion )QP yen )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Bruce W. *UNKC )NP , (NP (NP president )NP and (NP chief executive officer )NP )NP , )NP (VP was (VP named (PP to (NP (NP the additional post )NP (PP of (NP (NP chairman )NP (PP of (NP this (UCP *UNK and design services )UCP concern )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (ADJP (NP 45 years )NP old )ADJP , )NP (VP succeeds (NP (NP Thomas A. *UNKC )NP , (NP 66 )NP , (SBAR (WHNP who )WHNP (S (VP is (VP (VP retiring (PP as (NP chairman )NP )PP )VP but (VP will (VP continue (PP as (NP (NP a director and chairman )NP (PP of (NP the executive committee )NP )PP )NP )PP )VP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP (NP *UNKC and acquisition activity )NP (PP in (NP the third quarter )NP )PP )NP (VP exceeded (NP the year-earlier pace )NP )VP )S , (VP said )VP (NP (NP (NP Merrill Lynch & Co. 's )NP *UNKC *UNKC & Co. unit )NP (PP in (NP (NP *UNKC )NP , (NP *UNKC )NP )NP )PP )NP . )S  STOP
(S (S (NP (NP A total )NP (PP of (NP *UNKN transactions )NP )PP )NP (VP were (VP announced (PP during (NP the latest quarter )NP )PP , (ADVP up (NP 13 % )NP (PP from (NP (NP the year-earlier period 's )NP *UNKN )NP )PP )ADVP )VP )VP )S , (NP *UNKC )NP (VP said )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP prices )NP (VP were (VP disclosed )VP )VP )S )SBAR )NP (VP totaled (NP (NP (QP $ *UNKN billion )QP )NP , (ADVP up (NP 36 % )NP (PP from (NP (QP $ *UNKN billion )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )NP )VP )S , (NP the company )NP (VP added )VP . )S  STOP
(S (NP *UNKC )NP (VP counted (NP (NP 16 transactions )NP (VP valued (PP at (NP (NP (QP $ 1 billion )QP (QP or more )QP )NP )NP )PP (PP in (NP the latest period )NP )PP , (ADJP (ADJP twice as many )ADJP (PP as (ADVP (NP a year )NP earlier )ADVP )PP )ADJP )VP )NP )VP . )S  STOP
(S (NP The largest )NP (VP was (NP (NP the (ADJP (QP $ 12 billion )QP )ADJP merger )NP (VP creating (NP Bristol-Myers Squibb Co )NP )VP )NP )VP . )S  STOP
(S (PP In (NP the first nine months )NP )PP , (NP (NP *UNKN transactions )NP )NP (VP were (VP announced , (ADVP up (NP 15 % )NP (PP from (NP *UNKN )NP (PP in (NP the year-earlier period )NP )PP )PP )ADVP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP prices )NP (VP were (VP disclosed )VP )VP )S )SBAR )NP (VP totaled (NP (NP (QP $ *UNKN billion )QP )NP , (ADVP up (NP 15 % )NP (PP from (NP (QP $ *UNKN billion )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )NP )VP . )S  STOP
(S (S (VP *UNKING (NP (NP current stock market conditions )NP and (NP (NP the trend )NP (ADVP away (PP from (NP (ADJP highly leveraged )ADJP transactions )NP )PP )ADVP )NP )NP )VP )S , (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP was n't (ADJP certain (SBAR that (S (NP (NP the total value )NP (PP of (NP transactions )NP )PP (PP for (NP the year )NP )PP )NP (VP will (VP exceed (NP (NP the record (QP $ *UNKN billion )QP )NP (PP in (NP 1988 )NP )PP )NP )VP )VP )S )SBAR )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC *UNKC *UNKC Inc. )NP (VP (VP declared (NP a *UNKN stock split )NP )VP , and (VP (ADVP substantially )ADVP boosted (NP the dividend *UNK )NP )VP )VP . )S  STOP
(S (NP (NP The *UNK )NP (PP of (NP *UNK )NP )PP )NP (VP said (SBAR (S (NP the added shares )NP (VP will (VP be (VP distributed (NP Dec. 4 )NP (PP to (NP (NP stock )NP (PP of (NP record )NP )PP (NP Nov. 13 )NP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (ADVP also )ADVP (VP changed (NP (NP its dividend policy )NP , (SBAR (WHPP under (WHNP which )WHNP )WHPP (S (NP holders )NP (VP had (VP received (NP an annual (ADJP 10 *UNK- )ADJP payment )NP )VP )VP )S )SBAR , )NP (PP by (S (VP *UNKING (NP (NP a *UNK- dividend )NP , (SBAR (S (VP to (VP be (VP paid (ADVP quarterly )ADVP (PP on (NP *UNK- shares )NP )PP )VP )VP )VP )S )SBAR )NP )VP )S )PP )VP . )S  STOP
(S (NP *UNKC Inc. )NP (VP said (SBAR that (S (NP it )NP (VP can not (VP pay (NP (NP the Oct. 31 dividend )NP (PP on (NP its Series A convertible preferred stock )NP )PP )NP , (S (VP allowing (S (NP (NP the stock 's )NP holder )NP (VP to (VP convert (NP the shares )NP (PP into (NP (NP (QP as much as *UNKN )QP % )NP (PP of (NP (NP (NP *UNKC 's )NP shares )NP (ADJP outstanding )ADJP )NP )PP )NP )PP )VP )VP )S )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (SBAR that (S (NP it )NP (VP has (NP (NP the funds )NP (SBAR (S (VP to (VP pay (NP the dividend )NP )VP )VP )S )SBAR )NP )VP )S )SBAR , but (SBAR that (S (NP it )NP (VP does n't (VP have (NP (NP the surplus or profit )NP (VP required (PP under (NP Delaware law )NP )PP )VP (PP for (NP (NP payment )NP (PP of (NP the dividend )NP )PP )NP )PP )NP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP All the preferred stock )NP (VP is (VP held (PP by (NP the *UNKC Office *UNKLY Stock *UNKC Plan )NP )PP )VP )VP . )S  STOP
(S (PP Under (NP (NP terms )NP (PP of (NP the stock )NP )PP )NP )PP , (S (NP the *UNKC *UNKC )NP (VP can (VP demand (SBAR that (S (NP the stock )NP (VP be (VP *UNKED (PP for (NP $ *UNKN )NP )PP (PP on (NP Nov. 30 )NP )PP )VP )VP )S )SBAR )VP )VP )S , but (S (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP is (VP (ADVP *UNKLY )ADVP prohibited (PP from (S (VP making (NP the redemption )NP )VP )S )PP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP *UNKC (S (VP to (VP pay (NP the dividend )NP )VP )VP )S )NP (VP allows (S (NP *UNKC )NP (VP to (VP convert (NP (NP all or some )NP (PP of (NP its shares )NP )PP )NP (PP into (NP *UNKC common )NP )PP (PP after (NP Nov. 30 )NP )PP , (PP at (NP (NP a conversion price )NP (VP based (PP on (NP (NP NBI 's )NP closing stock price )NP )PP )VP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP NBI )NP , (NP (NP a maker )NP (PP of (NP *UNKING systems )NP )PP )NP , )NP (VP said (SBAR (S (NP it )NP (VP ca n't (VP predict (SBAR if (S (NP (NP any )NP (PP of (NP the preferred stock )NP )PP )NP (VP will (VP be (VP converted )VP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP NBI )NP (ADVP also )ADVP (VP said (SBAR (S (NP it )NP (VP has (VP hired (NP Prudential-Bache Securities Inc. )NP (PP as (NP its (NX (NX financial adviser )NX and (NX investment banker )NX )NX )NP )PP (S (VP to (VP help (S (NP it )NP (VP (VP restructure (ADVP financially )ADVP )VP and (VP improve (NP its balance sheet )NP )VP )VP )S )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP *UNKC )NP (VP may (VP see (NP (NP claims )NP (VP resulting (PP from (NP the San Francisco earthquake )NP )PP )VP (VP totaling (NP (NP (QP nearly $ 1 billion )QP )NP (PRN -- (ADJP (ADJP far less )ADJP (PP than (NP (NP the claims )NP (SBAR (S (NP they )NP (VP face (PP from (NP Hurricane Hugo )NP )PP )VP )S )SBAR )NP )PP )ADJP -- )PRN )NP )VP )NP )VP )VP )S but (S (NP (NP the recent *UNK )NP (PP of (NP *UNK )NP )PP )NP (VP should (VP *UNK (NP property insurance rates )NP (PP in (NP coming months )NP )PP )VP )VP )S . )S  STOP
(S (NP (NP The property claims service division )NP (PP of (NP the American Insurance Services Group )NP )PP )NP (VP estimated (NP (NP insured losses )NP (PP from (NP the earthquake )NP )PP )NP (PP at (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP This estimate )NP (VP does n't (VP include (NP (NP claims )NP (PP under (NP (NP (NP workers ' )NP compensation )NP , (NP life )NP , (NP health *UNK and liability insurance )NP and (NP (NP damage )NP (PP to (NP (NP infrastructure )NP (PP such as (NP (NP bridges )NP , (NP highways )NP and (NP public buildings )NP )NP )PP )NP )PP )NP )NP )PP )NP )VP )VP . )S  STOP
(S (NP The estimated earthquake losses )NP (VP are (ADJP low )ADJP (PP compared (PP with (NP (NP the (QP $ 4 billion )QP )NP (PP in (NP claims )NP )PP (SBAR (WHNP that )WHNP (S (NP insurers )NP (VP face (PP from (NP (NP Hurricane Hugo )NP , (SBAR (WHNP which )WHNP (S (VP *UNKED (PP through (NP (NP the *UNKC )NP and (NP the *UNKC )NP )NP )PP (NP last month )NP )VP )S )SBAR )NP )PP )VP )S )SBAR )NP )PP )PP )VP . )S  STOP
(S (NP That )NP (VP 's (SBAR because (S (NP (NP (QP only about 30 )QP % )NP (PP of (NP California homes and businesses )NP )PP )NP (VP had (NP (NP earthquake insurance )NP (SBAR (S (VP to (VP cover (NP the losses )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP However )ADVP , (NP insurance brokers and executives )NP (VP say (SBAR that (S (NP (NP the combination )NP (PP of (NP (NP the Bay area earthquake )NP , (NP Hugo )NP and (NP (NP (NP last week 's )NP *UNK )NP (PP at (NP (NP (NP the Phillips Petroleum Co. 's )NP refinery )NP (PP in (NP (NP *UNKC )NP , (NP Texas )NP )NP )PP )NP )PP )NP , )NP )PP )NP (VP will (VP cause (S (NP property insurance and reinsurance rates )NP (VP to (VP jump )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP (NP Other insurance rates )NP (PP such as (NP (NP *UNK insurance )NP , (SBAR (WHNP which )WHNP (S (VP would (VP cover (NP liability claims )NP )VP )VP )S )SBAR , )NP )PP )NP (VP are n't (ADJP likely (S (VP to (VP firm (ADVP right away )ADVP )VP )VP )S )ADJP )VP )S , (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP an industry analyst )NP (PP with (NP (NP *UNKC Research )NP (PP in (NP (NP *UNKC )NP , (NP Conn )NP )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP She )NP (VP believes (SBAR (S (NP (NP the impact )NP (PP of (NP losses )NP )PP (PP from (NP these *UNK )NP )PP )NP (VP is n't (ADJP likely (S (VP to (VP halt (NP (NP the growth )NP (PP of (NP (NP the industry 's )NP surplus capital )NP )PP )NP (NP next year )NP )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S (S (NP *UNKC reinsurance rates )NP (VP are (ADJP likely (S (VP to (VP climb (ADVP first )ADVP )VP )VP )S )ADJP )VP )S , (NP analysts and brokers )NP (VP believe )VP . )S  STOP
(S `` (S (NP The reinsurance market )NP (VP has (VP been (VP *UNKED (PP by (NP (NP disasters )NP '' (PP (PP in (NP the U.S. )NP )PP (CONJP as well as )CONJP (PP in (NP (NP Great Britain )NP and (NP Europe )NP )NP )PP )PP )NP )PP )VP )VP )VP )S , (VP says )VP (NP (NP Thomas *UNKC )NP , (NP (NP director )NP (PP of (NP research )NP )PP (PP at (NP (NP *UNKC Lane Inc. )NP (PP in (NP Atlanta )NP )PP )NP )PP )NP )NP . )S  STOP
(S (NP *UNKC )NP (ADVP typically )ADVP (VP (VP retain (NP (NP a small percentage )NP (PP of (NP (NP the risks )NP (SBAR (S (NP they )NP (VP underwrite )VP )S )SBAR )NP )PP )NP )VP and (VP pass (PRT on )PRT (NP (NP the rest )NP (PP of (NP the losses )NP )PP )NP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP buy (NP this insurance protection )NP (PP for (NP themselves )NP )PP (PP by (S (VP giving (PRT up )PRT (NP (NP a portion )NP (PP of (NP (NP the premiums )NP (SBAR (S (NP they )NP (VP collect )VP )S )SBAR (PP on (NP a policy )NP )PP )NP )PP )NP (PP to (NP (NP another firm )NP -- (NP a reinsurance company )NP , (SBAR (WHNP which )WHNP , (S (PP in (NP turn )NP )PP , (VP *UNK (NP (NP a portion )NP (PP of (NP (NP any losses )NP (VP resulting (PP from (NP this policy )NP )PP )VP )NP )PP )NP )VP )S )SBAR )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (PP such as (NP (NP *UNKC Corp. )NP , (NP *UNKC Corp )NP , and (NP Aetna Life & Casualty Co. )NP , )NP )PP )NP (VP buy (NP reinsurance )NP (PP from (NP (NP other *UNKED companies )NP and (NP (NP Lloyd 's )NP (PP of (NP London )NP )PP )NP )NP )PP (PP for (NP (NP one catastrophe )NP (PP at (NP a time )NP )PP )NP )PP )VP . )S  STOP
(S (SBAR After (S (NP Hugo )NP (VP hit )VP )S )SBAR , (NP many insurers )NP (VP (VP *UNKED (NP their reinsurance coverage )NP )VP and (VP had (S (VP to (VP *UNK (NP *UNK )NP (S (VP to (VP replace (NP that coverage )NP (SBAR in case (S (NP there )NP (VP were (NP any other major disasters )NP (PP before (NP (NP the end )NP (PP of (NP the year )NP )PP )NP )PP )VP )S )SBAR )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (PP After (NP the earthquake )NP )PP (ADVP (NP two weeks )NP ago )ADVP , (NP brokers )NP (VP say (SBAR (S (S (NP companies )NP (VP *UNKED (S (VP to (VP replace (NP reinsurance *UNK )NP (ADVP again )ADVP )VP )VP )S )VP )S and (S (NP (NP Lloyd 's )NP *UNK )NP (VP turned (PP to (NP the London market excess lines )NP )PP (PP for (NP (NP protection )NP (PP of (NP their own )NP )PP )NP )PP )VP )S )S )SBAR )VP . )S  STOP
(S (NP (NP James *UNKC )NP , (NP (NP senior vice president )NP (PP of (NP (NP *UNKC & *UNKC Inc. )NP , (NP a (ADJP New York-based )ADJP reinsurance broker )NP , )NP )PP )NP )NP (VP says (SBAR (S (NP (NP insurers )NP (SBAR (WHNP who )WHNP (S (VP (VP took (NP big losses )NP (NP this fall )NP )VP and (VP had (VP purchased (NP little reinsurance )NP (PP in (NP recent years )NP )PP )VP )VP )VP )S )SBAR )NP (VP will (VP be (VP asked (S (VP to (VP pay (NP some (ADJP pretty hefty )ADJP rates )NP )VP )VP )S (SBAR if (S (NP they )NP (VP want (S (VP to (VP buy (NP reinsurance )NP (PP for (NP 1990 )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP However )ADVP , (NP (NP (NP companies )NP (PP with (NP (NP few catastrophe losses )NP (NP this year )NP )NP )PP )NP and (NP (NP (ADJP already big )ADJP buyers )NP (PP of (NP reinsurance )NP )PP )NP )NP (VP are (ADJP likely (S (VP to (VP see (S (NP their rates )NP (VP (VP remain (ADJP flat )ADJP )VP , or (VP (ADVP perhaps )ADVP (ADVP even )ADVP decline (ADVP slightly )ADVP )VP )VP )S )VP )VP )S )ADJP )VP . )S  STOP
(S (NP Many companies )NP (VP will (VP be (VP negotiating (NP their 1990 reinsurance contracts )NP (PP in (NP the next few weeks )NP )PP )VP )VP )VP . )S  STOP
(S `` (S (NP It )NP (VP 's (NP (NP a seller 's )NP market )NP )VP )S , '' (VP said )VP (NP (NP Mr. *UNKC )NP (PP of (NP (NP the reinsurance market )NP (ADVP right now )ADVP )NP )PP )NP . )S  STOP
(S But (NP (NP some large insurers )NP , (PP such as (NP State Farm Mutual *UNKC Insurance Co. )NP )PP , )NP (VP do n't (VP (VP purchase (NP reinsurance )NP )VP , but (VP fund (NP their own program )NP )VP )VP )VP . )S  STOP
(S (ADVP (NP A few years )NP ago )ADVP , (S (NP (NP State Farm )NP , (NP (NP the nation 's )NP largest home insurer )NP , )NP (VP stopped (VP buying (NP reinsurance )NP (SBAR because (S (NP no one carrier )NP (VP could (VP provide (NP (NP all the coverage )NP (SBAR (WHNP that )WHNP (S (NP it )NP (VP needed )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )VP )S and (S (NP the company )NP (VP found (S (NP (NP it )NP )NP (ADJP cheaper )ADJP (S (VP to (VP *UNK- )VP )VP )S )S )VP )S . )S  STOP
(S (NP (NP (NP The (QP $ *UNKN million )QP )NP (PP of (NP (NP losses )NP (SBAR (S (NP State Farm )NP (VP expects (PP from (NP Hugo )NP )PP )VP )S )SBAR )NP )PP )NP and (NP (NP an additional (QP $ 300 million )QP )NP (PP from (NP the earthquake )NP )PP )NP )NP (VP are (NP (NP (QP less than 5 )QP % )NP (PP of (NP (NP State Farm 's )NP (ADJP (QP $ *UNKN billion )QP )ADJP total net worth )NP )PP )NP )VP . )S  STOP
(S (S (SBAR Since (S (NP few insurers )NP (VP have (VP announced (SBAR (WHNP (WHNP what amount )WHNP (PP of (NP (NP losses )NP )NP )PP )WHNP (S (NP they )NP (VP expect (S (VP to (VP see (PP from (NP the earthquake )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP )S )SBAR , (NP (NP it )NP )NP (VP 's (ADJP impossible )ADJP (S (VP to (VP get (NP (NP a clear picture )NP (PP of (NP (NP (NP the quake 's )NP impact )NP (PP on (NP fourth-quarter earnings )NP )PP )NP )PP )NP )VP )VP )S )VP )S , (VP said )VP (NP (NP Herbert *UNKC )NP (PP at (NP Prudential-Bache Securities Corp )NP )PP )NP . )S  STOP
(S (S (NP *UNKC )NP (VP expects (NP (NP an after-tax charge )NP (PP of (NP (QP less than $ 3 million )QP )NP )PP (PP against (NP fourth-quarter net )NP )PP )NP )VP )S ; (S (NP (NP *UNKC Insurance Group )NP , (NP (NP a unit )NP (PP of (NP ITT Corp. )NP )PP )NP , )NP (VP expects (NP a (ADJP (ADJP (QP $ 15 million )QP )ADJP or (ADJP 10 cents )ADJP )ADJP after-tax charge )NP )VP )S ; and (S (NP (NP Fireman 's )NP Fund Corp. )NP (VP expects (NP (NP a charge )NP (PP of (NP (QP no more than $ 50 million )QP )NP )PP (PP (PP before (NP taxes )NP )PP and (PP after (S (VP using (NP its reinsurance )NP )VP )S )PP )PP )NP )VP )S . )S  STOP
(S (NP (NP *UNKC Corp. )NP , (NP Tokyo )NP , )NP (VP said (SBAR (S (NP (NP net income )NP (PP in (NP its first half )NP )PP )NP (VP rose (NP 59 % )NP (PP to (NP (NP (QP *UNKN billion )QP yen )NP -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )NP )PP (PP from (NP (QP *UNKN billion )QP yen )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The consumer electronics , home *UNK and *UNKING concern )NP (VP said (SBAR (S (NP (NP revenue )NP (PP in (NP (NP the six months )NP (VP ended (NP Sept. 30 )NP )VP )NP )PP )NP (VP rose (NP 8.9 % )NP (PP to (NP (QP *UNKN billion )QP yen )NP )PP (PP from (NP (QP *UNKN billion )QP yen )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Sales )NP (PP of (NP (NP *UNKING products )NP and (NP electric parts )NP )NP )PP )NP (VP (VP increased (NP a strong 22 % )NP (PP to (NP (QP *UNKN billion )QP yen )NP )PP (PP from (NP (QP *UNKN billion )QP yen )NP )PP )VP and (VP accounted (PP for (NP (NP 46 % )NP (PP of (NP total sales )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP audio equipment )NP )PP , (NP sales )NP (VP rose (NP 13 % )NP (PP to (NP (QP *UNKN billion )QP yen )NP )PP (PP from (NP (QP *UNKN billion )QP yen )NP )PP )VP . )S  STOP
(S (S (NP (NP Sales )NP (PP of (NP electric *UNK )NP )PP )NP (VP were (ADJP flat )ADJP )VP )S , and (S (NP (NP sales )NP (PP of (NP electronic equipment )NP )PP )NP (VP declined (ADVP slightly )ADVP )VP )S . )S  STOP
(S (NP *UNKC )NP (VP projected (NP (NP sales )NP (PP for (NP (NP the current year )NP (VP ending (NP March 31 )NP )VP )NP )PP )NP (PP at (NP (NP (QP 1.6 trillion )QP yen )NP , (NP a (ADJP 7 % )ADJP increase )NP (NP the previous fiscal year )NP )NP )PP )VP . )S  STOP
(S (NP It )NP (VP said (SBAR (S (NP it )NP (VP expects (S (NP net )NP (VP to (VP rise (NP 45 % )NP (PP to (NP (QP *UNKN billion )QP yen )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Sun Microsystems Inc. )NP , (NP a computer maker )NP , )NP (VP announced (NP (NP the *UNK )NP (PP of (NP (NP its registration statement )NP (PP for (NP (NP (QP $ 125 million )QP )NP (PP of (NP (ADJP (QP 6 3\/8 )QP % )ADJP convertible subordinated debentures )NP )PP (ADJP due (NP Oct. 15 , 1999 )NP )ADJP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP the debentures )NP (VP are (VP being (VP (VP issued (PP at (NP (NP an issue price )NP (PP of (NP (NP $ *UNKN )NP (PP for (NP each (ADJP $ 1,000 )ADJP principal amount )NP )PP )NP )PP )NP )PP )VP and (VP are (ADJP convertible )ADJP (PP at (NP (NP any time )NP (ADVP prior (PP to (NP maturity )NP )PP )ADVP )NP )PP (PP at (NP (NP a conversion price )NP (PP of (NP (NP $ 25 )NP (NP a share )NP )NP )PP )NP )PP )VP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The debentures )NP (VP are (ADJP available )ADJP (PP through (NP Goldman , Sachs & Co )NP )PP )VP . )S  STOP
(S (NP Nelson Holdings International Ltd. shareholders )NP (VP approved (NP (NP a *UNKN consolidation )NP (PP of (NP (NP the company 's )NP common stock )NP )PP )NP (PP at (NP a special meeting )NP )PP )VP . )S  STOP
(S (PP At (NP the same time )NP )PP , (NP shareholders )NP (VP approved (NP (NP the adoption )NP (PP of (NP (NP a rights plan )NP and (NP a *UNK- voting approval requirement )NP )NP )PP )NP )VP . )S  STOP
(S (NP They )NP (ADVP also )ADVP (VP approved (NP (NP (NP the *UNK )NP (PP of (NP (NP the company 's )NP registered office )NP )PP (PP to (NP Toronto )NP )PP (PP from (NP *UNKC )NP )PP )NP and (NP (NP a name change )NP (PP to (NP *UNKC Nelson Holdings International Ltd )NP )PP )NP )NP )VP . )S  STOP
(S (PP Following (NP the consolidation )NP )PP , (NP (NP the entertainment company )NP , (SBAR (WHNP which )WHNP (S (VP has (NP film and television operations )NP (PP in (NP (NP Beverly Hills )NP , (NP Calif. )NP , )NP )PP )VP )S )SBAR )NP (VP will (VP have (NP (NP (QP about *UNKN million )QP shares )NP (ADJP outstanding )ADJP )NP )VP )VP . )S  STOP
(S (NP (NP The number )NP (PP of (NP authorized common shares )NP )PP )NP (VP will (VP remain (PP at (NP 100 million )NP )PP )VP )VP . )S  STOP
(S (PP Under (NP the rights plan )NP )PP , (NP holders )NP (VP will (VP have (NP one right )NP (PP for (NP (NP each common share )NP (VP held )VP )NP )PP , (PP with (S (NP each right )NP (VP *UNKING (NP (NP the purchase )NP (PP of (NP one common share )NP )PP (PP for (NP 100 Canadian dollars )NP )PP )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP The rights plan )NP (VP would (VP be (VP triggered (SBAR if (S (NP a person or group )NP (VP *UNK (NP (NP 20 % (QP or more )QP )NP (PP of (NP (NP the common shares )NP (ADJP outstanding )ADJP )NP )PP )NP (PP without (S (VP making (NP an offer )NP (PP to (NP all shareholders )NP )PP )VP )S )PP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (PP Under (NP the *UNK- amendment )NP )PP , (NP (NP certain mergers )NP and (NP other transactions )NP )NP (VP would (VP require (NP (NP approval )NP (PP of (NP (NP holders )NP (PP of (NP (NP 80 % )NP (PP of (NP (NP (NP the company 's )NP common shares )NP (ADJP outstanding )ADJP )NP )PP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP *UNKED American *UNKC Corp. )NP (VP said (SBAR (S (NP (NP a federal grand jury )NP (PP in (NP Boston )NP )PP )NP (VP indicted (NP (NP the operator )NP (PP of (NP *UNK and business schools )NP )PP )NP (PP for (NP mail fraud )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP The charges )NP (PP in (NP (NP the *UNK- indictment )NP , (SBAR (WHNP which )WHNP (S (VP stem (PP from (NP (NP events )NP (SBAR (WHNP that )WHNP (S (ADVP allegedly )ADVP (VP occurred (PP in (NP (NP late 1984 )NP and (NP early 1985 )NP )NP )PP )VP )S )SBAR )NP )PP )VP )S )SBAR , )NP )PP )NP (VP involve (NP (NP (NP *UNK procedures )NP (PP of (NP six students )NP )PP )NP and (NP (NP the *UNK )NP (PP of (NP certain reports )NP )PP )NP )NP )VP )S , (NP *UNKED )NP (VP said )VP . )S  STOP
(S (NP No individuals )NP (VP were (VP charged (PP in (NP the indictment )NP )PP )VP )VP . )S  STOP
(S (NP *UNKED American )NP (VP (VP said (SBAR (S (NP it )NP (VP will (VP `` (ADVP *UNKLY )ADVP defend '' (NP itself )NP (PP against (NP the charges )NP )PP )VP )VP )S )SBAR )VP and (VP added (SBAR that (S (NP the charges )NP (VP *UNK (PP to (NP (NP procedures )NP (SBAR (WHNP that )WHNP (S (NP it )NP (VP has (ADVP since )ADVP (VP changed )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNK representatives )NP (PP at (NP (NP two )NP (PP of (NP (NP *UNKED 's )NP former Massachusetts schools )NP )PP )NP )PP )NP (ADVP previously )ADVP (VP pleaded (ADJP guilty )ADJP (PP to (NP (NP charges )NP (PP of (S (VP *UNKING , *UNKING and *UNKING (S (NP students )NP (VP to (VP submit (NP false *UNK- applications )NP )VP )VP )S )VP )S )PP )NP )PP )VP . )S  STOP
(S (NP *UNKED )NP (VP closed (NP its Massachusetts schools )NP (NP earlier this year )NP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP (NP Friday )NP , (NP *UNKED )NP (VP fell (NP 6.25 cents )NP (PP to (NP (NP *UNKN cents )NP (NP a share )NP )NP )PP )VP . )S  STOP
(S (NP (NP Rally 's )NP Inc. )NP (VP said (SBAR (S (NP it )NP (VP filed (NP suit )NP (PP in (NP U.S. District Court )NP )PP (PP in (NP Delaware )NP )PP (PP against (NP (NP a group )NP (VP led (PP by (NP *UNKC Sugarman )NP )PP )VP )NP )PP , (S (VP seeking (S (VP to (VP block (NP the investors )NP (PP from (S (VP buying (NP more shares )NP )VP )S )PP )VP )VP )S )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Rally 's )NP , (NP a (NAC Louisville , Ky. , )NAC fast-food chain )NP , )NP (VP alleges (SBAR that (S (NP (NP the three investors )NP , (SBAR (WHNP who )WHNP (S (VP are (NP (NP directors )NP (PP of (NP the company )NP )PP )NP )VP )S )SBAR , )NP (VP broke (NP securities laws )NP (SBAR because (S (NP they )NP (VP did n't (VP disclose (NP their intentions (S (VP to (VP acquire (NP a big (NP Rally 's )NP stake )NP )VP )VP )S )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The group )NP , (VP led (PP by (NP (NP Giant Group Ltd. )NP and (NP (NP its chairman )NP , (NP Mr. Sugarman )NP )NP )NP )PP )VP , )NP (VP owns (NP (NP (QP about *UNKN )QP % )NP (PP of (NP Rally 's )NP )PP )NP )VP . )S  STOP
(S (PP In (NP the Securities and Exchange Commission filings )NP )PP , (NP the group )NP (VP has (VP said (SBAR (S (NP it )NP (VP may (VP seek (NP (NP control )NP (PP of (NP Rally 's )NP )PP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Mr. Sugarman )NP (VP (VP called (S (NP the lawsuit )NP `` (ADJP not nice )ADJP '' )S )VP and (VP said (SBAR (S (NP his group )NP (VP will (VP continue (S (VP to (VP push (PP for (NP (NP (NP control )NP (PP of (NP the company )NP )PP )NP and (NP (NP the *UNK )NP (PP of (NP certain directors )NP )PP )NP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP He )NP (VP asserts (SBAR that (S (NP (NP some directors )NP , (SBAR (WHNP who )WHNP (S (VP have (VP joined (NP forces )NP (PP with (NP company founder James *UNKC )NP )PP )VP )VP )S )SBAR , )NP (VP have (NP (NP ties )NP (PP to (NP (NP *UNKC 's )NP , (NP a competing *UNK chain )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The *UNKC group )NP , (SBAR (WHNP which )WHNP (S (VP controls (NP (NP (QP about 42 )QP % )NP (PP of (NP (NP Rally 's )NP shares )NP )PP )NP )VP )S )SBAR , )NP (ADVP also )ADVP (VP may (VP seek (NP control )NP )VP )VP . )S  STOP
(S (NP Rally 's )NP (ADVP also )ADVP (VP said (SBAR (S (NP it )NP (VP formed (NP (NP (NP a committee )NP (PP of (NP (NP three directors )NP , (SBAR (WHNP who )WHNP (S (VP are n't (VP associated (PP with (NP either the *UNKC or Sugarman groups )NP )PP )VP )VP )S )SBAR )NP )PP )NP , (SBAR (S (VP to (VP *UNK (NP the situation )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Transportation Corp. )NP (VP said (SBAR (S (NP it )NP (VP will (VP restructure (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP certain subordinated debentures )NP )PP )NP (S (VP to (VP reduce (NP its (NX (NX debt obligations )NX and (NX interest expense )NX )NX )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The (ADJP *UNKN % )ADJP subordinated debentures )NP (ADJP due (NP *UNKN )NP )ADJP )NP (VP were (VP issued (PP in (NP August 1987 )NP )PP (PP as (NP (NP part )NP (PP of (NP (NP the (ADJP (QP $ *UNKN million )QP )ADJP financing )NP (PP for (NP (NP a leveraged buy-out )NP (PP of (NP the company )NP )PP )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP provides (NP transportation services )NP (PP for (NP manufacturers , *UNK and retailers )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP has (VP begun (NP (NP discussions )NP (PP with (NP certain institutional debt holders )NP )PP (SBAR (S (VP to (VP review (NP (NP the proposed private placement transaction )NP , (SBAR (WHNP which )WHNP (S (VP would (VP exchange (NP the debt )NP (PP for (NP new subordinated (NX (NX debt instruments )NX and (NX equity securities )NX )NX )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP *UNKC terms )NP (VP are (ADJP subject (PP to (NP (NP review )NP and (NP (NP a final agreement )NP (PP with (NP debt holders )NP )PP )NP )NP )PP )ADJP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S But (NP the proposed transaction )NP (VP calls (PP for (NP (NP an exchange )NP (PP of (NP the debt )NP )PP (PP for (NP (NP new debentures )NP (PP of (NP (NP lower face value )NP and (NP reduced cash interest )NP )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (ADVP Also )ADVP , (NP debt holders )NP (VP would (VP be (VP offered (NP (NP an equity position )NP (PP in (NP *UNKC )NP )PP , (SBAR (WHNP which )WHNP (S (PP in (NP total )NP )PP (VP would (VP represent (NP (NP a controlling interest )NP (PP in (NP the company )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP )VP . )S  STOP
(S (NP Drexel Burnham Lambert Inc. )NP (VP is (NP the adviser )NP (PP on (NP the transaction )NP )PP )VP . )S  STOP
(S (NP Company officials )NP (VP said (SBAR (SBAR (S (NP Leaseway )NP (VP *UNKED (NP (NP payment requirements )NP (PP of (NP its debt obligations )NP )PP )NP (PP since (NP the leveraged buy-out )NP )PP )VP )S )SBAR , but (SBAR `` (S (NP our performance )NP (PP since (NP the -LCB- buy-out -RCB- )NP )PP (VP makes (S (NP (NP it )NP )NP (ADJP *UNK )ADJP (S (VP to (VP *UNK (NP (NP actions )NP (SBAR (WHNP that )WHNP (S (VP will (ADVP further )ADVP (VP improve (NP our cash flow )NP )VP )VP )S )SBAR )NP )VP )VP )S )S )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP Nicaraguan President Daniel Ortega )NP (VP may (VP have (VP *UNKED (PP over (NP the weekend )NP )PP (NP (SBAR (WHNP what )WHNP (S (NP his U.S. *UNK )NP (VP have (VP failed (S (VP to (VP do )VP )VP )S )VP )VP )S )SBAR : (S (VP revive (NP (NP a *UNK )NP (PP for (NP the Contra rebels )NP )PP )NP )VP )S )NP )VP )VP )VP . )S  STOP
(S (S (NP Lawmakers )NP (VP have n't (VP (ADVP publicly )ADVP raised (NP (NP the possibility )NP (PP of (S (VP renewing (NP (NP military aid )NP (PP to (NP the Contras )NP )PP )NP )VP )S )PP )NP )VP )VP )S , and (S (NP President Bush )NP (VP *UNKED (NP the question )NP (PP at (NP (NP a news conference )NP (ADVP here )ADVP )NP )PP (NP Saturday )NP , (S (VP saying (ADVP only )ADVP (SBAR that `` (S (SBAR if (S (NP there )NP (VP 's (NP an *UNK- military offensive )NP )VP )S )SBAR , (NP that )NP (VP 's (VP going (S (VP to (VP change (NP the *UNK )NP (NP 180 *UNK )NP )VP )VP )S )VP )VP )S )SBAR )VP )S )VP )S . '' )S  STOP
(S But (NP (NP Mr. Ortega 's )NP threat (PP over (NP the weekend )NP )PP (S (VP to (VP end (NP (NP a *UNK- *UNK- )NP (PP with (NP (NP the rebels )NP (VP seeking (S (VP to (VP *UNK (NP him )NP )VP )VP )S )VP )NP )PP )NP )VP )VP )S )NP , (VP (ADVP effectively )ADVP *UNKED (NP the Contras )NP (PP as (NP a policy priority )NP )PP (SBAR (ADVP just )ADVP as (S (NP they )NP (VP were (VP slipping (PP from (NP (NP the *UNK )NP (PP of (NP their (ADJP most *UNK )ADJP supporters )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Senate Majority Leader George Mitchell )NP (PRN -LRB- (NP D. )NP , (NP Maine )NP -RRB- )PRN )NP (VP said (NP yesterday )NP (PP on (NP (NP *UNKC 's )NP `` (S (VP *UNKC (NP the Press )NP )VP )S '' )NP )PP (SBAR that (S (NP (NP (NP Mr. Ortega 's )NP threat )NP )NP (VP was `` (NP a (ADJP very *UNK )ADJP move )NP , (NP (NP particularly the timing )NP (PP of (NP it )NP )PP )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP The threat )NP (VP came (PP during (NP (NP a *UNK- celebration )NP (PP in (NP Costa Rica )NP )PP (SBAR (S (VP to (VP *UNK (NP (NP (NP Central America 's )NP progress )NP (PP toward (NP democracy )NP )PP (PP in (NP the region )NP )PP )NP )VP )VP )S )SBAR , (VP attended (PP by (NP (NP President Bush )NP , (NP Canadian Prime Minister Brian *UNKC )NP and (NP 14 other Western *UNKC leaders )NP )NP )PP )VP )NP )PP )VP . )S  STOP
(S (NP Mr. Bush )NP (VP returned (PP to (NP Washington )NP )PP (NP Saturday night )NP )VP . )S  STOP
(S (NP Mr. Ortega )NP (VP announced (PP on (NP Friday )NP )PP (SBAR that (S (NP he )NP (VP would (VP end (NP the *UNK- )NP (NP this week )NP (PP in (NP (NP response )NP (PP to (NP (NP the *UNK Contra *UNK )NP (PP against (NP his army )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Saturday )NP , (NP he )NP (VP amended (NP his remarks )NP (S (VP to (VP say (SBAR that (S (NP he )NP (VP would (VP continue (S (VP to (VP *UNK (PP by (NP the *UNK- )NP )PP )VP )VP )S (SBAR if (S (NP the U.S. )NP (VP ends (NP (NP its financial support )NP (PP for (NP the Contras )NP )PP )NP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP He )NP (VP asked (SBAR that (S (NP the remaining U.S. *UNK aid )NP (VP be (VP *UNKED (PP to (S (VP *UNKING and *UNKING (NP the rebels )NP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S Not only (SINV did (NP (NP Mr. Ortega 's )NP comments )NP (VP come (PP in (NP (NP the midst )NP (PP of (SBAR (WHNP what )WHNP (S (VP was (VP intended (PP as (NP (NP a *UNK )NP (PP for (NP the region )NP )PP )NP )PP )VP )VP )S )SBAR )PP )NP )PP )VP )SINV , (S (NP it )NP (VP came (SBAR as (S (NP Nicaragua )NP (VP is (PP under (NP special international scrutiny )NP )PP (PP in (NP (NP anticipation )NP (PP of (NP its planned February elections )NP )PP )NP )PP )VP )S )SBAR )VP )S . )S  STOP
(S (NP *UNKC observers )NP (VP are (VP gathering (PP in (NP Nicaragua )NP )PP (S (VP to (VP monitor (NP (NP the registration and treatment )NP (PP of (NP opposition candidates )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S And (NP important U.S. lawmakers )NP (VP must (VP decide (PP at (NP (NP the end )NP (PP of (NP November )NP )PP )NP )PP (SBAR if (S (NP the Contras )NP (VP are (S (VP to (VP receive (NP (NP the rest )NP (PP of (NP (NP the (QP $ 49 million )QP )NP (PP in (NP so-called *UNK assistance )NP )PP )NP )PP )NP (PP under (NP (NP a bipartisan agreement )NP (VP reached (PP with (NP the Bush administration )NP )PP (PP in (NP March )NP )PP )VP )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP The *UNK assistance )NP , (SBAR (WHNP which )WHNP (S (VP pays (PP for (NP (NP supplies )NP (PP such as (NP (NP food and clothing )NP (PP for (NP (NP the rebels )NP (VP *UNKED (PP along (NP (NP the Nicaraguan border )NP (PP with (NP *UNKC )NP )PP )NP )PP )VP )NP )PP )NP )PP )NP )PP )VP )S )SBAR , )NP (VP replaced (NP (NP the military aid )NP (VP cut (PRT off )PRT (PP by (NP Congress )NP )PP (PP in (NP February 1988 )NP )PP )VP )NP )VP . )S  STOP
(S (SBAR While (S (NP few lawmakers )NP (VP anticipated (SBAR that (S (NP the humanitarian aid )NP (VP would (VP be (VP cut (PRT off )PRT (NP next month )NP )VP )VP )VP )S )SBAR )VP )S )SBAR , (NP (NP Mr. Ortega 's )NP threat )NP (ADVP *UNKLY )ADVP (VP guarantees (SBAR that (S (NP the humanitarian aid )NP (VP will (VP be (VP continued )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Senate *UNKC Leader Robert Dole )NP (PRN -LRB- (NP R. )NP , (NP *UNKC . )NP -RRB- )PRN )NP (VP said (NP yesterday )NP (PP on `` (S (VP *UNKC (NP the Press )NP )VP )S '' )PP : `` (S (NP I )NP (VP would (VP hope (SBAR (S (PP after (NP (NP his (PRN -LCB- (NP Mr. Ortega 's )NP -RCB- )PRN act )NP (NP (NP yesterday )NP or (NP (NP the day )NP (ADVP before )ADVP )NP )NP )NP )PP , (NP we )NP (VP 'd (VP have (NP (NP *UNK support )NP (PP for (NP (NP quick action )NP (PP on (NP remaining humanitarian aid )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )VP . '' )S  STOP
(S (NP Sen. Dole )NP (ADVP also )ADVP (VP said (SBAR (S (NP he )NP (VP hoped (PP for (NP (NP *UNK support )NP (PP for (NP (NP a resolution )NP (SBAR (S (NP he )NP (VP plans (S (VP to (VP offer (NP tomorrow )NP )VP )VP )S )VP )S )SBAR (VP *UNKING (NP the Nicaraguan leader )NP )VP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (SBAR While (S (S (VP renewing (NP military aid )NP )VP )S (VP had (VP been (VP considered (S (ADVP out (PP of (NP the question )NP )PP )ADVP )S , (S (VP (VP rejected (PP by (NP Congress )NP )PP )VP and (VP *UNKED (PP by (NP the Bush administration )NP )PP )VP )VP )S )VP )VP )VP )S )SBAR , (NP (NP Mr. Ortega 's )NP statement )NP (VP provides (NP Contra supporters )NP (PP with (NP the opportunity (S (VP to (VP press (NP the administration )NP (PP on (NP the issue )NP )PP )VP )VP )S )NP )PP )VP . )S  STOP
(SINV `` (S (NP The administration )NP (VP should (ADVP now )ADVP (VP state (SBAR that (S (SBAR if (S (NP the -LCB- February -RCB- election )NP (VP is (VP *UNKED (PP by (NP the *UNKC )NP )PP )VP )VP )S )SBAR ... (NP they )NP (VP should (VP call (PP for (NP military aid )NP )PP )VP )VP )S )SBAR )VP )VP )S , '' (VP said )VP (NP former (NAC *UNKC Secretary (PP of (NP State )NP )PP )NAC *UNKC *UNKC )NP . )SINV  STOP
(S `` (PP In (NP these circumstances )NP )PP , (NP I )NP (VP think (SBAR (S (NP they )NP (VP 'd (VP win )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Sen. Mitchell )NP (VP said (SBAR that (S (NP congressional Democrats )NP (VP intend (S (VP to (VP honor (NP the March agreement (S (VP to (VP give (NP *UNK- support )NP (PP to (NP the Contras )NP )PP (PP through (NP the February elections )NP )PP )VP )VP )S )NP )VP )VP )S )VP )S )SBAR , (SBAR although (S (NP he )NP (VP added (SBAR that (S (NP the agreement )NP (VP requires (SBAR that (S (NP the Contras )NP (VP not *UNK (NP any military action )NP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Mr. Ortega 's )NP threat (S (VP to (VP breach (NP the cease-fire )NP )VP )VP )S )NP (VP comes (SBAR as (S (NP U.S. officials )NP (VP were (VP *UNKING (SBAR that (S (NP the Contras )NP (VP have (PP at (NP times )NP )PP (VP violated (NP it )NP (NP themselves )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NAC Secretary (PP of (NP State )NP )PP )NAC James Baker )NP , (SBAR (WHNP who )WHNP (S (VP accompanied (NP President Bush )NP (PP to (NP Costa Rica )NP )PP )VP )S )SBAR , )NP (VP told (NP reporters )NP (NP Friday )NP : `` (S (NP I )NP (VP have (NP (NP no reason )NP (SBAR (S (VP to (VP deny (NP reports (SBAR that (S (NP some Contras )NP (VP *UNKED (NP some *UNKC *UNK )NP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP )S )VP . '' )S  STOP
(S (NP (NP (NP Mr. Baker 's )NP assistant )NP (PP for (NP *UNK- affairs )NP )PP , (NP Bernard *UNKC )NP , )NP (SBAR while (S (VP maintaining (SBAR that (S (NP the *UNKC )NP (VP had (ADVP also )ADVP (VP broken (NP the cease-fire )NP )VP )VP )S )SBAR )VP )S )SBAR , (VP acknowledged : `` (S (NP (NP It )NP )NP (VP 's (ADVP never )ADVP (ADJP very clear )ADJP (SBAR (WHNP who )WHNP (S (VP starts (NP what )NP )VP )S )SBAR )VP )S )VP . '' )S  STOP
(S (NP He )NP (VP added (SBAR that (S (NP the U.S. )NP (VP has (VP cut (PRT off )PRT (NP (NP aid )NP (PP to (NP some *UNK units )NP )PP )NP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP was (VP determined (SBAR that (S (NP those units )NP (VP broke (NP the cease-fire )NP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP addition )NP (PP to (S (VP *UNKING (NP (NP arguments )NP (PP in (NP (NP favor )NP (PP of (S (VP ending (NP Contra aid )NP )VP )S )PP )NP )PP )NP )VP )S )PP )NP )PP , (NP (NP Mr. Ortega 's )NP remarks )NP (ADVP also )ADVP (VP played (PP to (NP (NP the *UNK )NP (PP of (NP some (NX (NX U.S. officials )NX and (NX (NX conservatives )NX (PP outside (NP the government )NP )PP )NX )NX )NP )PP (SBAR that (S (NP he )NP (VP is (VP *UNKING (PP for (NP (NP ways )NP (SBAR (S (VP to (VP *UNK or *UNK (NP the February elections )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP Administration officials )NP (VP *UNKING (PP with (NP President Bush )NP )PP (PP in (NP Costa Rica )NP )PP )VP )NP (VP interpreted (NP (NP Mr. Ortega )NP 's *UNKING )NP (PP as (NP a sign (SBAR that (S (NP he )NP (VP is n't (VP responding (PP to (NP the military attacks )NP )PP (ADVP (ADVP so much )ADVP (SBAR as (S (NP he )NP (VP is (VP searching (PP for (NP (NP ways )NP (SBAR (S (VP to (VP strengthen (NP his hand )NP (ADVP prior (PP to (NP the elections )NP )PP )ADVP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )ADVP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR that (S (NP Mr. Ortega )NP (VP is (VP seeking (S (VP to (VP *UNK (NP the Contras )NP (ADVP prior (PP to (NP the elections )NP )PP )ADVP (S (VP to (VP remove (NP any pressure (S (VP to (VP hold (NP fair elections )NP )VP )VP )S )NP )VP )VP )S )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP My sense )NP (VP is (SBAR (S (SBAR (WHNP what )WHNP (S (NP they )NP (VP have (PP in (NP mind )NP )PP )VP )S )SBAR (VP is (NP (NP an excuse )NP (PP for (S (VP *UNKING (PRT down )PRT (PP on (NP *UNKING )NP )PP '' (PP by (S (VP creating (NP (NP an atmosphere )NP (PP of (NP a military emergency )NP )PP )NP )VP )S )PP )VP )S )PP )NP )VP )S )SBAR )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (NP (NP Milton Petrie )NP , (NP (NP chairman )NP (PP of (NP Petrie Stores Corp. )NP )PP )NP , )NP (VP said (SBAR (S (NP he )NP (VP has (VP agreed (S (VP to (VP sell (NP (NP his (ADJP *UNKN % )ADJP stake )NP (PP in (NP *UNKC *UNKC Corp. )NP )PP )NP (PP to (NP Petrie Stores )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP a Securities and Exchange Commission filing )NP )PP , (NP Mr. Petrie )NP (VP said (SBAR that (S (PP on (NP Oct. 26 )NP )PP (NP Petrie Stores )NP (VP agreed (S (VP to (VP purchase (NP (NP Mr. Petrie 's )NP *UNKN *UNKC *UNKC shares )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The transaction )NP (VP will (VP take (NP place )NP (NP tomorrow )NP )VP )VP . )S  STOP
(S (NP The filing )NP (VP said (SBAR (S (NP (NP Petrie Stores )NP (PP of (NP (NP *UNKC )NP , (NP N.J. )NP , )NP )PP )NP (VP is (VP purchasing (NP (NP Mr. Petrie 's )NP *UNKC *UNKC stake )NP (PP as (NP an investment )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (SBAR Although (S (NP Petrie Stores )NP (VP has (VP considered (S (VP seeking (S (VP to (VP acquire (NP (NP the remaining equity )NP (PP of (NP *UNKC Stores )NP )PP )NP )VP )VP )S )VP )S )VP )VP )S )SBAR , (NP it )NP (VP has (NP no current intention (S (VP to (VP pursue (NP such a possibility )NP )VP )VP )S )NP )VP )S , (NP the filing )NP (VP said )VP . )S  STOP
(S (NP *UNKED *UNKC *UNKC )NP (VP said (SBAR (S (NP it )NP (VP saw (NP little *UNK )NP (PP in (S (NP Mr. Petrie )NP (VP selling (NP his stock )NP (PP to (NP Petrie Stores )NP )PP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP We )NP (VP did n't (VP (VP look (PP at (NP it )NP )PP )VP and (VP say , ` (S (INTJ *UNK my God )INTJ , (NP something )NP (VP is (VP going (S (VP to (VP happen )VP )VP )S )VP )VP )S )VP )VP )VP )S , ' '' (VP said )VP (NP (NP Stanley *UNKC )NP , (NP (NP vice president )NP and (NP corporate counsel )NP )NP )NP . )SINV  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR that (S (NP (NP Mr. Petrie )NP or (NP his company )NP )NP (VP have (VP been (VP *UNKING (NP *UNKC *UNKC stock )NP (PP for (NP several years )NP )PP , (S (NP each time )NP (VP issuing (NP a similar regulatory statement )NP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP no discussions )NP (ADVP currently )ADVP (VP are (VP taking (NP place )NP (PP between (NP the two companies )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Corp. )NP (VP said (SBAR (S (NP *UNKED pretax profit )NP (VP increased (NP 70 % )NP (PP to (NP (NP (QP *UNKN billion )QP yen )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP (PP in (NP (NP the first half )NP (VP ended (NP Sept. 30 )NP )VP )NP )PP )PP , (PP from (NP (QP *UNKN billion )QP yen )NP (ADVP (NP a year )NP ago )ADVP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The Tokyo camera maker )NP (VP said (SBAR (S (NP net income )NP (VP (ADVP more than )ADVP doubled (PP to (NP (NP (QP *UNKN billion )QP yen )NP , or (NP (NP *UNKN )NP (NP a share )NP )NP )NP )PP , (PP from (NP (NP (QP *UNKN billion )QP yen )NP , or (NP (NP *UNKN yen )NP (NP a share )NP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP sales )NP (VP rose (PP despite (NP (NP the adverse effect )NP (PP of (NP (NP (NP Japan 's )NP *UNK consumption tax )NP , (VP introduced (PP in (NP April )NP )PP )VP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP *UNKING (NX (NX personal spending )NX and (NX capital investment )NX )NX )NP (VP are (VP *UNKING (NP growth )NP )VP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (S (NP *UNKING export sales )NP (ADVP also )ADVP (VP contributed (PP to (NP strong growth )NP )PP )VP )S , (NP *UNKC )NP (VP added )VP . )S  STOP
(S (NP Total sales )NP (VP gained (NP 20 % )NP (PP to (NP (QP *UNKN billion )QP yen )NP )PP (PP from (NP (QP *UNKN billion )QP yen )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP made (PRT up )PRT (NP (NP (NP *UNKN % )NP (PP of (NP (NP the latest year 's )NP total )NP )PP )NP , (ADVP up (PP from (NP *UNKN % )NP (ADVP (NP a year )NP ago )ADVP )PP )ADVP )NP )VP . )S  STOP
(S (NP *UNKC sales )NP (VP showed (NP the strongest gains )NP , (S (VP rising (NP 37 % )NP (PP to (NP (QP *UNKN billion )QP yen )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC forecast sales )NP (PP for (NP (NP the year )NP (VP ending (NP March 31 )NP )VP )NP )PP )NP (VP will (VP rise (NP 9.6 % )NP (PP to (NP (QP *UNKN billion )QP yen )NP )PP )VP )VP . )S  STOP
(S (S (NP *UNKC profit )NP (VP is (VP expected (S (VP to (VP increase (NP 18 % )NP (PP to (NP (QP 22 billion )QP yen )NP )PP )VP )VP )S )VP )VP )S and (S (NP net income )NP (VP is (VP expected (S (VP to (VP rise (NP 53 % )NP (PP to (NP (QP *UNKN billion )QP yen )NP )PP )VP )VP )S )VP )VP )S . )S  STOP
(S (NP *UNKC Oil Co. )NP (VP said (SBAR (S (NP it )NP (VP signed (NP a definitive agreement (S (VP to (VP acquire (NP (NP Gulf Canada Resources Ltd. 's )NP U.S. unit )NP (PP for (NP (QP $ *UNKN million )QP )NP )PP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP a Denver oil and gas concern )NP , )NP (VP said (SBAR (S (NP it )NP (VP will (VP acquire (NP (NP the properties and operations )NP (PP of (NP (NP Home Petroleum Corp. )NP , (SBAR (WHNP which )WHNP (S (VP includes (NP (NP two regional *UNKING systems )NP and (NP (NP proved reserves )NP (PP of (NP (NP (NP (QP about nine million )QP barrels )NP (PP of (NP oil )NP )PP )NP and (NP (NP (QP 72 billion )QP cubic feet )NP (PP of (NP natural gas )NP )PP )NP )NP )PP )NP )NP )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP the properties )NP (VP are (ADVP generally )ADVP (VP *UNKED (PP in (NP (NP *UNKING )NP , (NP North *UNKC )NP , (NP Texas )NP , (NP Oklahoma )NP and (NP *UNKC )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Gulf Canada )NP , (NP *UNKC )NP , )NP (VP said (SBAR (S (NP the transaction )NP (VP is (NP (NP part )NP (PP of (NP its plan (S (VP to (VP (VP sell (NP *UNK- assets )NP )VP and (VP focus (NP operations )NP (PP on (NP (NP Canada )NP , (NP *UNKC )NP and (NP other international areas )NP )NP )PP )VP )VP )VP )S )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A spokesman )NP (PP for (NP (NP Gulf Canada )NP , (SBAR (WHNP which )WHNP (S (VP is (VP controlled (PP by (NP (NP Toronto 's )NP *UNKC family )NP )PP )VP )VP )S )SBAR , )NP )PP )NP (VP said (SBAR (S (NP the properties )NP (VP (VP account (PP for (NP (NP (QP about 6 )QP % )NP (PP of (NP (NP the company 's )NP assets )NP )PP )NP )PP )VP and (VP produce (NP (NP (NP (NP (QP about 5,000 )QP barrels )NP (PP of (NP oil )NP )PP )NP and (NP (NP (QP 35 million )QP cubic feet )NP (PP of (NP gas )NP )PP )NP )NP (NP a day )NP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP He )NP (VP said (SBAR (S (NP Gulf Canada )NP (VP will (ADVP likely )ADVP (VP report (NP (NP an extraordinary gain )NP (PP from (NP the sale )NP )PP )NP (PP in (NP the fourth quarter )NP )PP )VP )VP )S )SBAR )VP )S , but (S (NP he )NP (VP would n't (VP offer (NP a specific estimate )NP )VP )VP )S . )S  STOP
(S (NP The transaction )NP (VP is (VP expected (S (VP to (VP close (PP by (NP Nov. 30 )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP NEC Corp. )NP , (NP a *UNKED computer and electronics concern )NP , )NP (VP said (SBAR (S (NP net income )NP (VP rose (NP 18 % )NP (PP to (NP (NP (QP *UNKN billion )QP yen )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP (PP in (NP (NP the fiscal first half )NP , (VP ended (NP Sept. 30 )NP )VP )NP )PP )PP , (PP from (NP (QP *UNKN billion )QP yen )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Sales )NP (VP rose (NP *UNKN % )NP (PP to (NP (QP *UNKN trillion )QP yen )NP )PP (PP from (NP (QP *UNKN trillion )QP yen )NP )PP )VP . )S  STOP
(S (NP NEC )NP (VP said (SBAR (S (NP *UNK- computer sales )NP (VP totaled (NP (NP (QP *UNKN billion )QP yen )NP , (ADVP up (NP 11 % )NP (PP from (NP (QP *UNKN billion )QP yen )NP (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Sales )NP (PP of (NP electrical devices )NP )PP )NP (VP rose (NP 13 % )NP (PP to (NP (QP *UNKN billion )QP yen )NP )PP (PP from (NP (QP *UNKN billion )QP yen )NP )PP )VP . )S  STOP
(S (NP It )NP (VP said (SBAR (S (NP (NP sales )NP (PP of (NP home electronic products )NP )PP )NP (VP advanced (NP 3.7 % )NP (PP to (NP (QP *UNKN billion )QP yen )NP )PP (PP from (NP (QP *UNKN billion )QP yen )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP the period )NP (VP (ADVP just )ADVP ended )VP )NP )PP , (S (NP computers )NP (VP accounted (PP for (NP (NP 44 % )NP (PP of (NP total sales )NP )PP )NP )PP )VP )S (PRN , (S (NP NEC )NP (VP said )VP )S , )PRN and (S (NP electrical devices )NP (VP made (PRT up )PRT (NP 23 % )NP )VP )S . )S  STOP
(S (NP NEC )NP (VP forecast (NP (NP sales )NP (PP for (NP (NP the year )NP (VP ending (NP next March 31 )NP )VP )NP )PP (PP of (NP (NP (QP *UNKN trillion )QP yen )NP , (NP (NP an increase )NP (PP of (NP 27 % )NP )PP (PP from (NP the previous fiscal year )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (NP It )NP (VP said (SBAR (S (NP net income )NP (VP will (VP rise (NP 25 % )NP (PP to (NP (QP 69 billion )QP yen )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP (ADVP *UNKLY )ADVP agreed (S (VP to (VP buy (NP (NP all )NP (PP of (NP (NP the (ADJP publicly held )ADJP shares )NP (PP of (NP *UNKC N.V. )NP )PP )NP )PP )NP (PP for (NP (NP $ 37 )NP (NP each )NP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (ADVP now )ADVP (VP owns (NP (NP (QP about 72 )QP % )NP (PP of (NP (NP (NP *UNKC 's )NP shares )NP (ADJP outstanding )ADJP )NP )PP )NP )VP . )S  STOP
(S (NP The companies )NP (VP said (SBAR (S (NP the accord )NP (VP was (VP (ADVP *UNKLY )ADVP approved (PP by (NP (NP a special committee )NP (PP of (NP (NP *UNKC directors )NP (ADJP *UNKED (PP with (NP *UNKC )NP )PP )ADJP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Under (NP the pact )NP )PP , (NP *UNKC )NP (VP will (VP make (NP (NP a (ADJP $ *UNK- )ADJP tender offer )NP (PP for (NP (NP *UNKC stock )NP (ADJP outstanding )ADJP )NP )PP )NP )VP )VP . )S  STOP
(S (NP The tender offer )NP (VP will (VP be (VP followed (PP by (NP (NP the sale )NP (PP of (NP (NP all )NP (PP of (NP (NP Erbamont 's )NP assets )NP )PP , (ADJP subject (PP to (NP (NP all )NP (PP of (NP its liabilities )NP )PP )NP )PP )ADJP )NP )PP , (PP to (NP *UNKC )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP Erbamont )NP (VP will (ADVP then )ADVP (VP be (VP *UNKED , (PP with (S (NP any remaining Erbamont holders )NP (VP receiving (NP (NP a distribution )NP (PP of (NP (NP $ 37 )NP (NP a share )NP )NP )PP )NP )VP )S )PP )VP )VP )VP . )S  STOP
(S (NP The companies )NP (VP said (SBAR (S (NP the transaction )NP (VP is (VP being (VP structured (NP this way )NP (SBAR because (S (NP (NP the laws )NP (PP of (NP the Netherlands *UNKC )NP )PP , (SBAR (WHPP under (WHNP which )WHNP )WHPP (S (NP Erbamont )NP (VP is (VP organized )VP )VP )S )SBAR , )NP (VP do n't (VP provide (PP for (NP merger transactions )NP )PP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP A unit )NP (PP of (NP DPC Acquisition Partners )NP )PP )NP (VP (VP launched (NP (NP a (ADJP $ *UNK- )ADJP tender offer )NP (PP for (NP (NP the shares )NP (ADJP outstanding )ADJP (PP of (NP Dataproducts Corp. )NP )PP )NP )PP )NP )VP , and (VP said (SBAR (S (NP it )NP (VP would (VP seek (S (VP to (VP *UNK (NP the *UNK- maker )NP `` (ADVP (ADVP as soon )ADVP (PP as (ADJP possible )ADJP )PP )ADVP )VP )VP )S , '' (SBAR even if (S (NP a merger )NP (VP is n't (VP *UNKED )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (NP DPC Acquisition )NP (VP is (VP controlled (PP by (NP (NP *UNKC Investment Associates )NP , (NP Wilson Investment Group )NP , (NP *UNKC Corp. )NP and (NP *UNKC Partners )NP )NP )PP )VP )VP . )S  STOP
(S (NP The investor group )NP (VP owns (NP (NP *UNKN Dataproducts common shares )NP , or (NP a (ADJP 7.6 % )ADJP stake )NP )NP )VP . )S  STOP
(S (NP The offer )NP (VP is (VP based (PP on (NP (NP several conditions )NP , (PP including (S (VP obtaining (NP financing )NP )VP )S )PP )NP )PP )VP )VP . )S  STOP
(S (NP DPC Acquisition )NP (VP said (SBAR (S (NP it )NP (VP had (VP received (NP (NP the reasonable *UNK )NP (PP of (NP Chase Manhattan Bank *UNKC )NP )PP (SBAR that (S (NP the financing )NP (VP can (VP be (VP obtained )VP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP a filing )NP (PP with (NP the Securities and Exchange Commission )NP )PP )NP )PP , (NP DPC Acquisition )NP (VP said (SBAR (S (NP it )NP (VP expects (SBAR (S (NP it )NP (VP will (VP need (NP (QP about $ *UNKN million )QP )NP (S (VP to (VP (VP buy (NP the shares )NP )VP and (VP pay (NP related fees and expenses )NP )VP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP DPC Acquisition )NP (VP (VP added (SBAR that (S (NP it )NP (VP has not (VP begun (NP (NP discussions )NP (PP with (NP financing sources )NP )PP )NP )VP )VP )S )SBAR )VP , and (VP said (SBAR (S (NP it )NP (VP expected (S (VP to (VP repay (NP (NP the amounts )NP (VP borrowed )VP )NP (PP through (NP (NP proceeds )NP (PP of (NP the liquidation )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Dataproducts officials )NP (VP (VP declined (S (VP to (VP comment )VP )VP )S )VP , and (VP said (SBAR (S (NP they )NP (VP had not (ADVP yet )ADVP (VP seen (NP (NP a suit )NP (VP filed (PP in (NP federal court )NP )PP (PP by (NP DPC Acquisition )NP )PP )VP (SBAR (WHNP that )WHNP (S (VP seeks (S (VP to (VP *UNK (NP (NP a *UNK agreement )NP (PP between (NP (NP DPC Acquisition )NP and (NP Dataproducts )NP )NP )PP )NP )VP )VP )S )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Earlier this year )NP , (NP DPC Acquisition )NP (VP made (NP (NP (NP a (ADJP $ *UNK- )ADJP offer )NP (PP for (NP Dataproducts )NP )PP )NP , (SBAR (WHNP which )WHNP (S (NP the Dataproducts board )NP (VP said (SBAR (S (NP it )NP (VP rejected (SBAR because (S (NP the (ADJP (QP $ *UNKN million )QP )ADJP offer )NP (VP was not (VP (ADVP fully )ADVP financed )VP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Dataproducts )NP (VP has (ADVP since )ADVP (VP (VP started (NP a restructuring )NP )VP , and (VP has (VP said (SBAR (S (NP it )NP (VP is not (PP for (NP sale )NP )PP )VP )S )SBAR )VP )VP )VP )VP . )S  STOP
(S (NP *UNKC Corp. )NP (VP agreed (S (VP to (VP pay (NP (NP (NP (QP $ 4 million )QP )NP (PP in (NP cash )NP )PP )NP , (NP (NP (QP $ 2 million )QP )NP (PP of (NP (ADJP 12 % )ADJP convertible debentures )NP )PP )NP , and (NP (QP 1.6 million )QP common shares )NP )NP (S (VP to (VP acquire (NP (ADJP closely held )ADJP *UNKC *UNKC Inc )NP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (PP In (NP over-the-counter trading )NP )PP (NP Friday )NP , (NP *UNKC )NP (VP was (VP quoted (PP at (NP (NP (NP 87.5 cents )NP (VP bid )VP )NP , (ADVP down (NP *UNKN cents )NP )ADVP )NP )PP )VP )VP . )S  STOP
(S (PP At (NP the market price )NP )PP , (NP the transaction )NP (VP has (NP (NP a total indicated value )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (NP (NP a New York holding company )NP (PP for (NP (NP *UNKC Inc. )NP , (SBAR (WHNP which )WHNP (S (VP imports (NP (NP furniture )NP and (NP other items )NP )NP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP David L. *UNKC )NP , (NP (NP (NP president )NP and (NP chief executive officer )NP )NP (PP of (NP *UNKC )NP )PP )NP , )NP (VP holds (NP (NP (QP about 40 )QP % )NP (PP of (NP *UNKC )NP )PP )NP )VP )S , (NP *UNKC )NP (VP said )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP New York )NP , )NP (VP (VP *UNK and *UNK (NP *UNK- equipment )NP )VP and (VP *UNK (NP promotional ads )NP (PP for (NP retailers )NP )PP )VP )VP . )S  STOP
(S (PP In (NP (NP the quarter )NP (VP ended (NP July 31 )NP )VP )NP )PP , (NP *UNKC )NP (VP had (NP (NP an average )NP (PP of (NP (QP 5.6 million )QP shares )NP )PP (ADJP outstanding )ADJP )NP )VP . )S  STOP
(S (S (NP The transaction )NP (VP is (ADJP subject (PP to (NP (NP approval )NP (PP by (NP (NP a panel )NP (PP of (NP *UNKED directors )NP )PP )NP )PP )NP )PP )ADJP )VP )S , (NP the company )NP (VP said , (S (VP adding (SBAR that (S (NP shareholder approval )NP (VP is n't (VP needed )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP (NP *UNKC Co. )NP , (NP a *UNKED *UNKING concern )NP , )NP (VP said (SBAR (S (NP net income )NP (PP in (NP its first half )NP )PP (VP rose (NP 8.9 % )NP (PP to (NP (NP (QP *UNKN billion )QP yen )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP )PP (PP from (NP (QP *UNKN billion )QP yen )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Sales )NP (PP in (NP (NP the six months )NP (VP ended (NP Sept. 30 )NP )VP )NP )PP (VP were (ADVP up (NP 4.5 % )NP (PP to (NP (QP *UNKN billion )QP yen )NP )PP (PP from (NP (QP *UNKN billion )QP yen )NP )PP )ADVP )VP . )S  STOP
(S (NP Sales )NP (VP were (ADJP higher )ADJP (PP in (NP (NP all )NP (PP of (NP (NP the company 's )NP business categories )NP )PP )NP )PP , (PP with (S (NP the biggest growth )NP (VP coming (PP in (NP (NP sales )NP (PP of (NP (NP *UNK )NP (PP such as (NP (NP *UNK )NP , (NP coffee )NP and (NP *UNK food )NP )NP )PP )NP )PP , (SBAR (WHNP which )WHNP (S (VP rose (NP 6.3 % )NP )VP )S )SBAR )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP *UNKC and *UNK )NP (ADVP also )ADVP (VP did (ADVP well )ADVP , (S (VP posting (NP a (ADJP 5.3 % )ADJP sales increase )NP )VP )S )VP . )S  STOP
(S (NP Sales )NP (PP in (NP (NP the category )NP (SBAR (WHNP that )WHNP (S (VP includes (NP (NP *UNK )NP , (NP *UNK *UNK )NP and (NP chemicals )NP )NP )VP )S )SBAR )NP )PP (VP rose (NP 4.7 % )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP predicted (NP (NP sales )NP (PP in (NP (NP the current fiscal year )NP (VP ending (NP next March 31 )NP )VP )NP )PP (PP of (NP (NP (QP *UNKN billion )QP yen )NP , (PP compared (PP with (NP (NP (QP *UNKN billion )QP yen )NP (PP in (NP fiscal 1989 )NP )PP )NP )PP )PP )NP )PP )NP )VP . )S  STOP
(S (NP It )NP (VP said (SBAR (S (NP it )NP (VP expects (NP (NP full-year net )NP (PP of (NP (NP (QP 16 billion )QP yen )NP , (PP compared (PP with (NP (NP (QP 15 billion )QP yen )NP (PP in (NP the latest year )NP )PP )NP )PP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The New York Mercantile Exchange )NP , (NP (NP the world 's )NP chief oil futures marketplace )NP , )NP (VP is (PP at (NP a critical *UNK )NP )PP )VP . )S  STOP
(S (NP (NP Several longtime observers )NP (PP of (NP the commodities industry )NP )PP )NP (VP think (SBAR (S (NP (NP the *UNK )NP (PP of (NP the Merc )NP )PP (PP over (NP the next decade )NP )PP )NP (VP will (VP be (VP determined (PP to (NP a large extent )NP )PP (PP by (NP (SBAR (WHADVP how well )WHADVP (S (NP its new natural gas futures contract )NP (VP does )VP )S )SBAR and (SBAR (WHADJP how successful )WHADJP (S (NP its new president )NP (VP is (PP in (S (VP raising (NP (NP the level )NP (PP of (NP (NP compliance )NP (PP by (NP floor traders )NP )PP (PP with (NP exchange and Commodity Futures Trading Commission rules )NP )PP )NP )PP )NP )VP )S )PP )VP )S )SBAR )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR If (S (NP the exchange )NP (VP *UNK (PP in (NP these moves )NP )PP )VP )S )SBAR (PRN , (S (NP they )NP (VP say )VP )S , )PRN (NP it )NP (VP might (ADVP once again )ADVP (VP fall (PP behind (NP (NP its chief New York competitor )NP , (NP the Commodity Exchange )NP )NP )PP )VP )VP . )S  STOP
(S (PP On (NP Friday )NP )PP , (NP (NP the Merc 's )NP board )NP (VP announced (SBAR that (S (NP it )NP (VP had (VP approved (NP (NP (NP *UNKC *UNKC Line Co. 's )NP Henry *UNKC )NP (PP in (NP (NP *UNKC )NP , (NP *UNKC )NP , )NP )PP )NP (PP as (NP (NP the delivery site )NP (PP for (NP its *UNKED natural gas futures contract )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP said (SBAR that (S (NP it )NP (VP would (VP start (S (VP trading (NP the contract )NP )VP )S (ADVP (ADVP as soon )ADVP (SBAR as (S (NP the *UNKC )NP (VP approved (NP it )NP )VP )S )SBAR )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNKC )NP (VP has (NP (NP 90 days )NP (SBAR (S (VP to (VP respond (PP to (NP such applications )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The Merc )NP (ADVP first )ADVP (VP started (S (VP working (PP on (S (VP developing (NP this contract )NP )VP )S )PP )VP )S (PP in (NP 1984 )NP )PP )VP . )S  STOP
(S (ADVP (NP (QP Only three )QP weeks )NP earlier )ADVP , (NP the Merc )NP (VP had (VP turned (PP to (NP (NP one )NP (PP of (NP (NP its own executives )NP , (NP *UNK- R. *UNKC Thompson )NP , )NP )PP )NP )PP (S (VP to (VP replace (NP *UNKC T. *UNKC )NP (PP as (NP president )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP Mr. Thompson )NP (VP is (VP believed (S (VP to (VP have (NP (NP a *UNK )NP (PP from (NP (NP the board )NP (PP of (NP directors )NP )PP )NP )PP (S (VP to (VP help (S (VP improve (NP (NP (NP the Merc 's )NP *UNKED reputation )NP (PP as (NP (NP an exchange )NP (SBAR (WHNP whose floor traders )WHNP (S (VP do n't (VP follow (NP the rules )NP (ADVP very well )ADVP )VP )VP )S )SBAR )NP )PP )NP )VP )S )VP )VP )S )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Ms. *UNKC )NP (VP had (VP been (VP forced (PRT out )PRT (PP in (NP July )NP )PP (PP in (NP (NP a bitter power struggle )NP (PP with (NP (NP *UNK *UNKC *UNKC )NP , (NP (NP chairman )NP and (NP (NP a longtime floor trader )NP (PP on (NP the exchange )NP )PP )NP )NP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP told (NP (NP one person )NP (ADJP familiar (PP with (NP the New York exchanges )NP )PP )ADJP )NP (PP during (NP (NP the search )NP (PP for (NP a replacement )NP )PP )NP )PP (SBAR that (S (NP he )NP (VP was (VP looking (PP for (NP (NP a president )NP (SBAR (WHNP who )WHNP (S (VP would (VP be `` (ADJP *UNK (PP to (NP (NP the needs )NP (PP of (NP (NP the membership )NP and (NP the board )NP )NP )PP )NP )PP )ADJP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Mr. Thompson )NP (ADVP first )ADVP (VP (VP came (PP to (NP the exchange )NP )PP (PP in (NP 1981 )NP )PP )VP and (VP has (VP been (NP executive vice president )NP (PP since (NP March 1988 )NP )PP )VP )VP )VP . )S  STOP
(S (NP He )NP (ADVP previously )ADVP (VP held (NP (NP posts )NP (PP of (NP (NP (NP senior vice president )NP (PP of (NP compliance )NP )PP )NP and (NP senior vice president )NP and (NP general counsel )NP )NP )PP )NP )VP . )S  STOP
(S (PP By (NP contrast )NP )PP , (NP the *UNKC )NP (PP in (NP July )NP )PP (VP imported (NP (NP a (ADJP highly regarded )ADJP *UNK )NP , (NP Arnold F. *UNKC )NP , )NP (PP as (NP its president )NP )PP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (NP 44 )NP , )NP (VP (VP was (NP (NP a senior officer )NP (PP of (NP the Philadelphia Stock Exchange )NP )PP )NP )VP and (VP is (VP considered (S (NP (NP a specialist )NP (PP in (NP new financial products )NP )PP )NP )S )VP )VP )VP . )S  STOP
(S (NP Mr. Thompson )NP (VP is n't (ADJP *UNK (PP of (NP (NP experience )NP (PP with (NP new products )NP )PP )NP )PP )ADJP , (ADVP however )ADVP )VP . )S  STOP
(S (PP For (NP the past two years )NP )PP (PRN , (S (NP he )NP (VP said )VP )S , )PRN (NP (NP he )NP and (NP (NP the exchange 's )NP research department )NP )NP (VP have (VP been (VP working (PP on (NP the new natural gas contract )NP )PP , (S (VP (VP seeking (NP a good delivery site )NP )VP and (VP studying (NP the natural gas market )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S `` (S (NP Our members )NP (VP are (ADJP eager (S (VP to (VP begin (S (VP trading (NP this contract )NP )VP )S )VP )VP )S )ADJP , (SBAR so (S (NP we )NP (VP expect (NP (NP no difficulty )NP (PP in (S (VP attracting (NP *UNK )NP (PP to (NP the natural gas pit )NP )PP )VP )S )PP )NP )VP )S )SBAR )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (S (NP (NP The educational effort )NP (PP of (S (VP *UNKING (NP (NP companies )NP (PP in (NP the natural gas industry )NP )PP )NP (SBAR (WHADVP how )WHADVP (S (VP to (VP use (NP the futures )NP (S (VP to (VP hedge )VP )VP )S )VP )VP )S )SBAR )VP )S )PP )NP (VP would (VP have (S (VP to (VP continue (PP for (NP another a year (QP or two )QP )NP )PP )VP )VP )S )VP )VP )S , (NP he )NP (VP added )VP . )S  STOP
(S (NP (NP (NP The Merc 's )NP (ADJP extremely successful )ADJP contracts )NP (PP in (NP (NP crude oil )NP , (NP gasoline )NP and (NP *UNKING oil )NP )NP )PP )NP (VP have (VP made (S (NP it )NP (UCP (NP (NP the largest futures exchange )NP (PP in (NP New York )NP )PP )NP , and (ADJP third (PP behind (NP (NP (NP the Chicago Board )NP (PP of (NP Trade )NP )PP )NP and (NP Chicago Mercantile Exchange )NP )NP )PP )ADJP )UCP )S )VP )VP . )S  STOP
(S (PP In (NP a recent interview )NP )PP , (NP Mr. Thompson )NP (VP said (SBAR (S (NP (NP the biggest problem )NP (VP facing (NP all commodity exchanges )NP )VP )NP (VP was (NP (NP one )NP (PP of (NP image )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Earlier this year )NP , (NP the U.S. attorney )NP (VP indicted (NP (NP (NP 45 floor traders )NP )NP and (NP (NP one *UNK )NP )NP (PP at (NP the two big Chicago exchanges )NP )PP )NP )VP . )S  STOP
(S (NP (NP Federal authorities )NP (PP in (NP New York )NP )PP )NP (VP started (VP investigating (NP exchanges )NP (PP in (NP May )NP )PP , (SBAR though (S (NP no *UNK )NP (VP have (VP been (VP handed (PRT down )PRT (ADVP there )ADVP )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP So far )ADVP (NP they )NP (VP have (VP issued (NP (NP scores )NP (PP of (NP *UNK )NP )PP , (SBAR (WHNP (NP some )NP (WHPP of (WHNP which )WHNP )WHPP )WHNP (S (VP went (PP to (NP (NP members )NP (PP of (NP the New York Merc )NP )PP )NP )PP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP Mr. Thompson )NP (VP will (VP have (S (VP to (VP face (NP (NP some )NP (PP of (NP (NP the consequences )NP (PP of (NP those *UNK )NP )PP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP In (NP a recent General Accounting Office study )NP )PP , (NP the Merc )NP (VP was (VP found (S (VP to (VP have (VP been (NP (NP the (ADJP most *UNK )ADJP )NP (PP in (S (VP *UNKING (NP exchange rules )NP )VP )S )PP )NP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP It )NP (VP *UNKED (NP (NP the *UNK number )NP (PP of (NP (NP (NP *UNK )NP (PP of (NP traders )NP )PP )NP and (NP fines )NP )NP )PP (PP of (NP (NP the four largest commodity exchanges )NP (VP studied (PP over (NP the past five years )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP had (NP (NP both the (ADJP (ADJP *UNK )ADJP , and (ADJP least experienced )ADJP , )ADJP investigators )NP (PP per (NP (NP million contracts )NP (VP traded )VP )NP )PP )NP )VP . )S  STOP
(S (NP The Merc )NP (VP received (NP considerable criticism )NP (PP in (NP 1987 )NP )PP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP was (VP discovered (SBAR that (S (NP (NP its compliance director )NP , (NP *UNKC P. *UNKC )NP , (SBAR (WHNP who )WHNP (S (ADVP then )ADVP (VP was (ADJP responsible (PP for (S (VP *UNKING (NP (NP the exchange 's )NP busy oil and metal *UNK )NP )VP )S )PP )ADJP )VP )S )SBAR , )NP `` (VP was (VP engaged (PP in (NP (NP other personal business activities )NP )NP )PP (PP on (NP Exchange time )NP )PP , '' (PP including (NP *UNK- trips )NP )PP , (PP according (PP to (NP (NP a New York Merc report )NP (VP prepared (NP last year )NP )VP )NP )PP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (ADVP no longer )ADVP (PP at (NP the exchange )NP )PP )VP . )S  STOP
(S `` (S (NP We )NP (VP had (NP a management *UNK )NP (PP in (NP 1987 )NP )PP (PP in (NP (NP terms )NP (PP of (NP compliance )NP )PP )NP )PP )VP )S , '' (NP Mr. Thompson )NP (VP says )VP . )S  STOP
(S `` (NP We )NP (VP (VP recognized (NP the problem )NP )VP and (VP took (NP care )NP (PP of (NP it )NP )PP )VP )VP . '' )S  STOP
(S (NP He )NP (VP says (SBAR that (S (SBAR even if (S (NP the natural gas contract )NP (VP boosts (NP (NP volume )NP (PP at (NP the exchange )NP )PP )NP (ADVP strongly )ADVP )VP )S )SBAR , (NP the 1990 business plan )NP (VP calls (PP for (S (VP having (NP (NP adequate compliance people )NP (SBAR (S (VP to (VP ensure (SBAR that (S (NP exchange rules )NP (VP are (VP being (VP followed )VP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP years )NP )PP (NP the five New York exchanges )NP (VP have (VP been (VP talking (PP about (S (VP *UNKING (PP in (NP (NP various aspects )NP (PP of (NP their business )NP )PP )NP )PP (SBAR in order (S (VP to (VP improve (NP (NP the efficiency )NP (PP of (NP their operations )NP )PP )NP )VP )VP )S )SBAR )VP )S )PP )VP )VP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP there )NP (VP has (ADVP even )ADVP (VP been (NP (NP talk )NP (PP of (NP (NP mergers )NP (PP between (NP (QP one or more )QP exchanges )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (ADVP So far )ADVP (NP there )NP (VP is (NP (NP little )NP (SBAR (S (VP to (VP show (PP for (NP such efforts )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Mr. Thompson )NP (VP believes (SBAR (S (NP (NP the case )NP (PP for (S (VP working (ADVP together )ADVP )VP )S )PP )NP (VP is (ADJP (ADJP stronger )ADJP )ADJP (ADVP now )ADVP (PP than (ADVP ever )ADVP )PP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP (NP The cost )NP (PP of (NP competition )NP )PP )NP (VP has (VP become (ADJP extremely high )ADJP )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (NP We )NP (VP must (VP find (NP (NP ways )NP (SBAR (S (VP to (VP save (NP money )NP (PP for (NP (NP the futures commission *UNK )NP (SBAR (WHNP who )WHNP (S (VP do (NP business )NP (PP on (NP our exchanges )NP )PP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )VP )VP . '' )S  STOP
(S (NP He )NP (VP thinks (SBAR that (S (NP (NP progress )NP (PP in (NP cooperation )NP )PP )NP (VP can (VP be (VP made (PP in (NP (NP areas )NP (SBAR (WHADVP where )WHADVP (S (NP no *UNKED interests )NP (VP have (VP built (PRT up )PRT )VP )VP )S )SBAR )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP One )NP (PP of (NP those areas )NP )PP )NP (VP is (NP (NP the development )NP (PP of (NP (NP a *UNK- electronic device )NP (SBAR (WHNP that )WHNP (S (VP would (VP permit (S (NP floor traders )NP (VP to (VP enter (NP trades )NP (SBAR as (S (NP they )NP (VP make (NP them )NP )VP )S )SBAR )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP The *UNKC )NP (VP has (VP recommended (NP (NP the creation )NP (PP of (NP (NP a system )NP (SBAR (S (VP to (VP record (NP trade data )NP (SBAR so that (S (NP an independent , *UNK audit trail )NP (VP can (VP be (VP established (S (VP to (VP prevent (NP customer fraud )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP The Merc )NP (VP is (ADVP now )ADVP (VP *UNKING (PP with (NP the *UNKC )NP )PP (PP in (S (VP developing (NP (NP such a device )NP (SBAR (S (VP to (VP provide (NP such an audit trail )NP )VP )VP )S )SBAR )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP The Chicago exchanges )NP (ADVP also )ADVP (VP are (VP working (PP on (NP such a device )NP )PP )VP )VP . )S  STOP
(S (NP (NP Another major electronics problem )NP )NP (VP faces (NP Mr. Thompson )NP -- (NP (NP the creation )NP (PP of (NP (NP a *UNK- trading system )NP (SBAR (WHNP that )WHNP (S (VP can (VP be (VP used (PP outside (NP normal trading hours )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (PP In (NP January )NP )PP , (NP the New York Merc )NP (VP signed (NP (NP a letter )NP (PP of (NP intent )NP )PP )NP (PP with (NP the Chicago Merc )NP )PP (PP as (NP (NP a preliminary step )NP (PP to (S (VP joining (NP (NP their electronic system )NP (SBAR (S (VP called (S (NP *UNKC )NP )S )VP )S )SBAR )NP )VP )S )PP )NP )PP )VP . )S  STOP
(S But (PP in (NP May )NP )PP , (S (NP the Chicago Merc )NP (VP said (SBAR (S (NP it )NP (VP was (VP looking (PP into (S (VP creating (NP a common system )NP (PP with (NP (NP the Chicago Board )NP (PP of (NP Trade )NP )PP )NP )PP )VP )S )PP )VP )VP )S )SBAR )VP )S , and (S (NP it )NP (VP suspended (NP (NP negotiations )NP (PP with (NP the New York Merc )NP )PP )NP )VP )S . )S  STOP
(S (NP Mr. Thompson )NP (VP says (SBAR (S (NP his exchange )NP (VP is n't (VP waiting (PP for (NP (NP the results )NP (PP of (NP (NP the Chicago exchanges ' )NP cooperation )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (ADVP recently )ADVP (VP began (NP (NP a pilot program )NP (SBAR (S (VP to (VP test (NP (NP an electronic trading system )NP (VP called (S (NP *UNKC )NP )S )VP , (NP (NP the *UNKED trading system )NP (VP created (PP by (NP the International Commodities *UNKING House )NP )PP )VP )NP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (VP *UNKING (ADVP ahead )ADVP (PP to (NP (NP commodity markets )NP (NP this week )NP )NP )PP )VP : )S  STOP
(NP *UNKC )NP  STOP
(S (NP (NP Michael *UNKC )NP , (NP (NP metals trader )NP (PP for (NP (NP PaineWebber Inc. )NP (PP in (NP New York )NP )PP )NP )PP )NP , )NP (VP said (SBAR (S (NP there )NP (VP is (NP (NP (ADJP good technical )ADJP support )NP (PP between (NP (NP (QP $ *UNKN and $ *UNKN )QP )NP (NP a pound )NP )NP )PP (PP for (NP (NP December copper )NP , (SBAR (WHNP which )WHNP (S (VP ended (NP Friday )NP (PP at (NP (NP (NP $ *UNKN )NP (NP a pound )NP )NP , (ADVP up (NP 1.6 cents )NP )ADVP )NP )PP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP (VP views (NP the (ADJP (QP $ *UNKN to $ *UNKN )QP )ADJP range )NP (PP as (NP a buying opportunity )NP )PP )VP and (VP considers (S (NP the market )NP (VP *UNK )VP )S )VP )VP . )S  STOP
(S `` (S (NP I )NP (VP think (SBAR (S (NP the market )NP (VP could (VP pop (ADVP up (PP to (NP the (ADJP (QP $ *UNKN to $ 1.25 )QP )ADJP level )NP )PP )ADVP (PP without (NP (ADJP too much )ADJP difficulty )NP )PP )VP )VP )S )SBAR )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S But (S (NP he )NP (VP said (SBAR (S (NP it )NP (VP wo n't (VP climb (ADVP further )ADVP )VP )VP )S )SBAR )VP )S and (S (NP he )NP (VP expects (S (NP it )NP (VP to (VP remain (PP in (NP (NP a trading range )NP (PP between (NP (QP $ *UNKN and $ 1.25 )QP )NP )PP )NP )PP )VP )VP )S )VP )S . )S  STOP
(S (NP He )NP (VP noted (SBAR that (S (S (NP the equity markets )NP (VP will (VP set (NP the tone )NP (PP for (NP the industrial metals )NP )PP (NP this week )NP )VP )VP )S and (S (NP traders )NP (VP should (VP keep (NP an eye )NP (PP on (NP Wall Street )NP )PP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (NP (NP William *UNKC )NP , (NP (NP research director )NP (PP for (NP (NP *UNKC Futures Inc. )NP (PP in (NP New York )NP )PP )NP )PP )NP , )NP (VP said (SBAR (S (SBAR for (S (NP a rally )NP (VP to (VP occur )VP )VP )S )SBAR , (NP there )NP (VP must (VP be (NP (NP demand )NP (PP from (NP the Far East )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP added (SBAR that (S (NP (NP talk )NP (PP of (NP (NP strike settlements )NP (PP at (NP producing mines )NP )PP )NP )PP )NP (VP has (VP been (VP (ADVP fully )ADVP discounted )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP However )ADVP , (S (VP to (VP resume (NP the *UNK trend )NP )VP )VP )S , (PP according (PP to (NP Mr. *UNKC )NP )PP )PP , (NP copper )NP (VP would (VP have (S (VP to (VP close (PP over (NP $ *UNKN )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP there )NP (VP are (NP (NP two reports )NP )NP (NP this week )NP (SBAR (WHNP that )WHNP (S (VP might (VP affect (NP prices )NP )VP )VP )S )SBAR : (NP (NP (NP the purchasing managers report )NP (PP on (NP Wednesday )NP )PP )NP and (NP (NP the unemployment report )NP (PP on (NP Friday )NP )PP )NP )NP )VP )S )SBAR )VP . )S  STOP
(NP *UNKC *UNKC )NP  STOP
(S (NP (NP Friday 's )NP strong price gains )NP (VP confirmed (NP (NP a turnaround )NP (PP in (NP the precious metals markets )NP )PP )NP , (PP according (PP to (NP (NP PaineWebber 's )NP (NP Mr. *UNKC )NP )NP )PP )PP )VP . )S  STOP
(S `` (S (NP Most traders )NP (VP will (VP be (VP looking (S (VP to (VP buy (PP -LCB- on -RCB- (NP *UNK )NP )PP )VP )VP )S )VP )VP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP He )NP (VP thought (SBAR (S (NP (NP the moves )NP (PP in (NP the metals )NP )PP (NP last week )NP )NP (VP were (VP (ADVP most )ADVP *UNKED (PP by (NP (NP the uncertainty )NP (PP in (NP (UCP the equity and other )UCP financial markets )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP According (PP to (NP Mr. *UNKC )NP )PP )PP , (NP floor traders )NP (VP say (SBAR (S (NP there )NP (VP (VP is (NP good support )NP (PP for (NP December gold )NP )PP (PP in (NP the (ADJP (QP $ *UNKN to $ *UNKN )QP (PP per (NP ounce )NP )PP )ADJP area )NP )PP )VP , (VP (PP around (NP (NP $ *UNKN )NP (NP an ounce )NP )NP )PP (PP for (NP December silver )NP )PP )VP and (VP (PP in (NP the (ADJP (QP $ *UNKN to $ *UNKN )QP (NP an ounce )NP )ADJP range )NP )PP (PP for (NP January *UNK )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP William *UNKC )NP , (NP (NP research director )NP (PP for (NP (NP *UNKC Futures Inc. )NP (PP in (NP New York )NP )PP )NP )PP )NP , )NP (VP said (SBAR (S (NP (NP the price action )NP (PP for (NP (NP all )NP (PP of (NP last week )NP )PP )NP )PP )NP (VP is (NP (NP the best )NP (SBAR (S (NP he )NP (VP has (VP seen (PP on (NP a weekly basis )NP )PP (PP in (NP (NP more )NP (PP than (NP a year )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP (NP (NP last week 's )NP activity )NP (PP in (NP gold )NP )PP )NP (VP could (VP *UNK (NP (NP a move )NP (PP to (NP (NP $ *UNKN )NP (NP an ounce )NP )NP )PP )NP (PP for (NP the December contract )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (ADVP also )ADVP (VP said (SBAR (S (NP traders )NP (VP should (VP keep (NP an eye )NP (PP on (NP the stock market )NP )PP , (SBAR because `` (S (SBAR if (S (NP the stock market )NP (VP rallies )VP )S )SBAR , (NP that )NP (VP could (VP *UNK (NP trouble )NP (PP for (NP the precious metals )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP traders )NP (VP should (VP be (PP on (NP the *UNK )NP )PP (PP for (SBAR (WHADVP how )WHADVP (S (NP metals producers )NP (VP *UNK (PP to (NP this rally )NP )PP )VP )S )SBAR )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP I )NP (VP expect (S (VP to (VP see (NP some selling )NP )VP )VP )S )VP )S , but (SQ will (NP they )NP (VP kill (NP this one )NP (SBAR as (S (NP they )NP (VP have (VP (NP (NP every rally )NP (PP in (NP the recent past )NP )PP )NP )VP )VP )S )SBAR '' (PP by (S (VP (VP selling )VP and (VP *UNKING (PRT in )PRT (NP (NP prices )NP (PP for (NP their production )NP )PP )NP )VP )VP )S )PP )VP ? )SQ )S  STOP
(S (NP He )NP (VP noted (SBAR that (S (PP for (NP (NP the first time )NP (PP in (NP months )NP )PP )NP )PP (NP there )NP (VP was (NP some light investor interest )NP (PP in (NP the metals )NP )PP )VP )S )SBAR )VP . )S  STOP
(NP *UNKC And *UNKC )NP  STOP
(S (NP Prices )NP (NP this week )NP (VP will (ADVP likely )ADVP (VP be (VP dominated (PP (PP by (NP (NP reports )NP (PP on (NP (NP the progress )NP (PP of (NP the corn and *UNK harvest )NP )PP )NP )PP )NP )PP (CONJP as well as )CONJP (PP by (NP (NP speculation )NP (PP about (NP (NP more purchases )NP (PP of (NP U.S. crops )NP )PP (PP by (NP the Soviet Union )NP )PP )NP )PP )NP )PP )PP )VP )VP )VP . )S  STOP
(S (S (PP In (NP recent weeks )NP )PP , (NP (ADJP warm and dry )ADJP weather )NP (VP has (VP *UNKED (NP the Midwest harvest )NP )VP )VP )S and (S (NP that )NP (VP is (VP *UNKING (S (NP farmers )NP (VP to (VP rebuild (NP (NP the *UNK )NP (SBAR (WHNP that )WHNP (S (VP were (VP cut (PP by (NP the 1988 *UNK )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S . )S  STOP
(S (SBAR If (S (NP the weather )NP (VP allowed (S (NP farmers )NP (VP to (VP work (PP in (NP their fields )NP )PP (PP over (NP the weekend )NP )PP )VP )VP )S )VP )S )SBAR , (NP many Midwest grain *UNK )NP (VP will (ADVP probably )ADVP (VP sell (NP futures contracts )NP (NP today )NP (PP at (NP (NP the Chicago Board )NP (PP of (NP Trade )NP )PP )NP )PP (SBAR in order (S (VP to (VP hedge (NP (NP their weekend purchases )NP (PP from (NP farmers )NP )PP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP That selling )NP (PP of (NP futures contracts )NP )PP (PP by (NP *UNK )NP )PP )NP (VP is (SBAR (WHNP what )WHNP (S (VP helps (S (VP keep (NP downward pressure )NP (PP on (NP crop prices )NP )PP (PP during (NP the harvest )NP )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Traders )NP (VP will (ADVP also )ADVP (VP watch (PP for (SBAR whether (S (NP the Soviet Union )NP (VP continues (NP (NP its traditional fall buying )NP (PP of (NP U.S. grain )NP )PP )NP )VP )S )SBAR )PP )VP )VP . )S  STOP
(S (ADVP So far )ADVP (NP this month )NP , (NP the Soviets )NP (VP have (VP bought (NP (NP (QP about 7.2 million )QP metric tons )NP (PP of (NP U.S. corn )NP )PP )NP )VP )VP . )S  STOP
(S (NP There )NP (VP may (VP be (NP some activity )NP (PP in (NP *UNK prices )NP )PP (NP this week )NP (SBAR as (S (NP investors )NP (VP try (S (VP to (VP get (ADJP rid (PP of (NP (NP the contract )NP (PP for (NP November delivery )NP )PP )NP )PP )ADJP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Investors )NP (ADVP usually )ADVP (VP do n't (VP want (S (VP to (VP take (NP (NP physical delivery )NP (PP of (NP a contract )NP )PP )NP )VP )VP )S , (S (VP *UNKING (ADVP instead )ADVP (S (VP to (VP (VP profit (PP from (NP its price swings )NP )PP )VP and (VP (ADVP then )ADVP end (NP any obligation (S (VP to (VP (VP take (NP delivery )NP )VP or (VP make (NP delivery )NP )VP (SBAR as (S (NP it )NP (VP *UNK (NP expiration )NP )VP )S )SBAR )VP )VP )S )NP )VP )VP )VP )S )VP )S )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP (NP the *UNKC and *UNKC )NP , (NP (NP a Thomson Corp. newspaper )NP (PP in (NP Toronto )NP )PP )NP )NP , )PP )NP (VP voted (S (VP to (VP accept (NP a tentative contract agreement )NP )VP )VP )S (NP Saturday )NP , (S (VP *UNKING (NP (NP a strike )NP (PP at (NP (NP Canada 's )NP leading daily )NP )PP )NP )VP )S )VP . )S  STOP
(S (PP Under (NP (NP the terms )NP (PP of (NP (NP the three-year contract )NP , (ADJP similar (PP to (NP (NP one )NP (VP reached (PP at (NP (NP *UNKC Corp. 's )NP Toronto Star newspaper )NP )PP (NP earlier this month )NP )VP )NP )PP )ADJP , )NP )PP )NP )PP (NP the 500 Globe and *UNKC workers )NP (VP will (VP (VP see (NP (NP a raise )NP (PP of (NP 8 % )NP )PP )NP (PP in (NP (NP the contract 's )NP first year )NP )PP )VP and (VP (NP 7 % )NP (PP in (NP (NP each )NP (PP of (NP the following two years )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP vice chairman )NP (PP of (NP (NP the Southern Ontario *UNKC *UNKC )NP , (NP (NP the union )NP (VP representing (NP the workers )NP )VP )NP , )NP )PP )NP )NP (VP said (SBAR (S (NP Thomson )NP (VP made (NP significant concessions )NP (PP in (NP (NP the final round )NP (PP of (NP talks )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (PP In (NP (NP addition )NP (PP to (NP wage increases )NP )PP )NP )PP , (NP the union )NP (VP negotiated (NP improved (NX (NX *UNK plans )NX , (NX benefit packages )NX and (NX pension plans )NX )NX )NP )VP )S , (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP (NP (QP more than 70 )QP % )NP (PP of (NP the bargaining unit )NP )PP )NP (VP voted (PP in (NP (NP favor )NP (PP of (NP the agreement )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Wall Street )NP (VP is (ADJP (ADVP just about )ADVP ready (S (VP to (VP line (NP the *UNK *UNK )NP (PP with (NP paper stocks )NP )PP )VP )VP )S )ADJP )VP . )S  STOP
(S (PP For (NP three years )NP )PP , (NP (NP a healthy economy )NP and (NP (NP the *UNKING effects )NP (PP of (NP a weak dollar )NP )PP )NP )NP (VP *UNKED (NP (NP sales and earnings )NP (PP of (NP the big paper companies )NP )PP )NP (PP to (NP record levels )NP )PP )VP . )S  STOP
(S (SBAR As (S (NP the good times )NP (VP rolled )VP )S )SBAR (NP they )NP (VP (ADVP more than )ADVP doubled (NP (NP their prices )NP (PP for (NP (NP pulp )NP , (NP (NP a raw material )NP (VP used (PP in (NP (NP all *UNK )NP (PP of (NP paper )NP )PP )NP )PP )VP )NP , )NP )PP )NP (PP to (NP (NP $ *UNKN )NP (NP a metric ton )NP )NP (NP this past spring )NP )PP (PP from (NP (NP $ *UNKN )NP (NP a ton )NP )NP (PP at (NP (NP the start )NP (PP of (NP 1986 )NP )PP )NP )PP )PP )VP . )S  STOP
(S But (ADVP now )ADVP (NP the companies )NP (VP are (VP getting (PP into (NP trouble )NP )PP (SBAR because (S (NP they )NP (VP *UNK (NP a record expansion program )NP (SBAR while (S (NP they )NP (VP were (VP raising (NP prices )NP (ADVP sharply )ADVP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Third-quarter profits )NP )NP (VP fell (PP at (NP several companies )NP )PP )VP . )S  STOP
(SINV `` (S (VP Put (NP your money )NP (PP in (NP (NP a good (NX (NX utility )NX or (NX bank stock )NX )NX )NP , not (NP a paper company )NP )NP )PP )VP )S , '' (VP *UNK )VP (NP (NP George *UNKC )NP (PP of (NP Smith Barney )NP )PP )NP . )SINV  STOP
(S (NP Other analysts )NP (VP are (PP (ADVP nearly )ADVP as (ADJP pessimistic )ADJP )PP )VP . )S  STOP
(S (NP (NP Gary *UNKC )NP (PP of (NP Oppenheimer & Co. )NP )PP )NP (VP expects (NP (NP a (ADJP 30 % )ADJP decline )NP (PP in (NP earnings )NP )PP )NP (PP between (NP (NP now )NP and (NP 1991 )NP )NP )PP (PP for (NP (NP `` *UNKED '' paper companies )NP , (SBAR (WHNP which )WHNP (S (VP account (PP for (NP (NP the majority )NP (PP of (NP the industry )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP Robert *UNKC )NP (PP of (NP *UNKC & *UNKC )NP )PP )NP (VP sees (S (NP *UNK- stock prices )NP (VP (VP falling (NP (QP 10 % to 15 % )QP )NP (PP in (NP 1990 )NP )PP )VP , (VP (ADVP perhaps )ADVP (NP 25 % )NP (SBAR if (S (NP there )NP (VP 's (NP a recession )NP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP Paper companies )NP (VP concede (SBAR that (S (NP business )NP (VP has (VP been (ADVP off )ADVP (ADVP recently )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP they )NP (VP *UNK (NP (NP much )NP (PP of (NP the weakness )NP )PP )NP (PP to (NP customer inventory reductions )NP )PP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP (NP they )NP (VP maintain (SBAR that , (S (PP *UNKING (NP (NP a recession )NP and (NP (NP a further strengthening )NP (PP of (NP the dollar )NP )PP (PP against (NP foreign currencies )NP )PP )NP )NP )PP , (NP the industry )NP (VP is n't (VP headed (PP for (NP a prolonged slump )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP It )NP (VP wo n't (VP be (NP an *UNKING drop )NP )VP )VP )S , '' (NP a Weyerhaeuser spokesman )NP (VP says )VP . )S  STOP
(S (NP Last week )NP (NP Mr. *UNKC )NP (VP lowered (NP his rating )NP (PP from (NP hold )NP )PP (PP to `` (NP avoid )NP '' )PP (PP on (NP (NP *UNKC *UNKC )NP , (NP *UNKC International )NP , (NP Great Northern Nekoosa )NP , (NP International Paper )NP , (NP *UNKC Pacific )NP and (NP Weyerhaeuser )NP )NP )PP )VP . )S  STOP
(S (NP (NP Oppenheimer 's )NP Mr. *UNKC )NP , (ADVP meanwhile )ADVP , (VP is (VP *UNKING (ADVP clear )ADVP (PP of (NP (NP *UNKC *UNKC )NP , (NP Stone *UNKC )NP and (NP Federal Paper Board )NP )NP )PP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (ADJP cool )ADJP (PP to (NP (NP Georgia Pacific )NP and (NP *UNKC )NP )NP )PP )VP . )S  STOP
(S (NP (NP Lawrence Ross )NP (PP of (NP PaineWebber )NP )PP )NP (VP would (VP avoid (NP Union *UNKC )NP )VP )VP . )S  STOP
(S (NP (NP The companies )NP (PP in (NP question )NP )PP )NP (VP believe (SBAR (S (NP the analysts )NP (VP are (ADJP too pessimistic )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP Great Northern Nekoosa )NP (VP said , `` (S (NP (NP The odds )NP (PP of (S (NP (NP the *UNK predictions )NP (PP about (NP us )NP )PP )NP (VP being (ADJP right )ADJP )VP )S )PP )NP (VP are (ADJP small )ADJP )VP )S )VP . '' )S  STOP
(S (NP International Paper )NP (VP *UNK (SBAR that (S (NP it )NP (VP is (ADJP (ADJP (ADVP better )ADVP positioned )ADJP (PP than (NP most companies )NP )PP (PP for (NP the coming *UNK )NP )PP (SBAR because (S (NP its individual mills )NP (VP can (VP make (NP (NP (QP more than one )QP *UNK )NP (PP of (NP paper )NP )PP )NP )VP )VP )S )SBAR )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP A *UNKC spokesman )NP (VP referred (PP to (NP (NP a speech )NP (PP by (NP Chairman John *UNKC )NP )PP , (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP he )NP (VP said (SBAR that (S (NP markets )NP (ADVP generally )ADVP (VP are (ADJP stable )ADJP , (SBAR although (S (NP (NP some risk )NP (PP of (NP further price deterioration )NP )PP )NP (VP *UNK )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Stone *UNKC Chairman Roger Stone )NP (VP said (SBAR that , (S (PP unlike (PP for (NP some other paper products )NP )PP )PP , (NP (NP demand )NP (PP for (NP (NP (NP Stone 's )NP principal commodity )NP , (NP *UNKED *UNK )NP , )NP )PP )NP (VP remains (ADJP strong )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP expects (S (NP (NP the price )NP (PP for (NP that product )NP )PP )NP (VP to (VP rise (ADVP even more )ADVP (NP next year )NP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC Container )NP (VP said (SBAR (S (NP analysts )NP (VP are (ADJP skeptical (PP of (NP it )NP )PP )ADJP (SBAR because (S (NP it )NP (VP 's (VP carrying (NP (NP a lot )NP (PP of (NP debt )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC International )NP (VP said , `` (S (S (NP We )NP (VP 've (VP gotten (S (NP our costs )NP (ADVP down )ADVP )S )VP )VP )S and (S (NP we )NP (VP 're (ADJP (ADJP (ADVP better )ADVP positioned )ADJP (PP for (NP any cyclical downturn )NP )PP (SBAR than (S (NP we )NP (VP 've (ADVP ever )ADVP (VP been )VP )VP )S )SBAR )ADJP )VP )S )S )VP . '' )S  STOP
(S (NP (NP Louisiana Pacific )NP and (NP Georgia Pacific )NP )NP (VP said (SBAR (S (NP (NP a number )NP (PP of (NP other analysts )NP )PP )NP (VP are (VP *UNKING (NP them )NP (PP because of (NP their strong *UNK- business )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Federal Paper Board )NP (VP said , `` (S (NP We )NP (VP 're not (ADJP (ADJP as exposed )ADJP (PP as (NP (NP the popular perception )NP (PP of (NP us )NP )PP )NP )PP )ADJP )VP )S )VP . '' )S  STOP
(S (NP The company )NP (VP explained (SBAR that (S (NP (NP its main product )NP , (NP *UNKED *UNK )NP , (SBAR (WHNP which )WHNP (S (VP goes (PP into (NP (NP some advertising materials )NP and (NP white boxes )NP )NP )PP )VP )S )SBAR , )NP (ADVP historically )ADVP (VP does n't (VP have (NP sharp price swings )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Because (S (NP (NP the stock prices )NP (PP of (NP some paper companies )NP )PP )NP (ADVP already )ADVP (VP reflect (NP an expected profit slump )NP )VP )S )SBAR , (NP (NP PaineWebber 's )NP Mr. Ross )NP (VP says (SBAR (S (NP he )NP (VP thinks (SBAR that (S (NP next year )NP (NP (NP the share prices )NP (PP of (NP some companies )NP )PP )NP (VP may (VP fall (ADVP at most )ADVP (NP (QP only 5 % to 10 % )QP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A company )NP (PP such as (NP Federal Paper Board )NP )PP )NP (VP (VP may (VP be (VP (ADVP *UNKLY )ADVP discounted )VP )VP )VP and (VP looks `` (ADJP *UNKING )ADJP '' (PP to (NP him )NP )PP )VP (PRN , (S (NP he )NP (VP says )VP )S , )PRN (SBAR though (S (NP he )NP (VP is n't (ADVP yet )ADVP (VP recommending (NP the shares )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Wall Street )NP (VP is n't (VP *UNKING (NP (NP everything )NP (VP connected (PP with (NP paper )NP )PP )VP )NP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP *UNK (NP *UNKC )NP , (S (VP explaining (SBAR that (S (NP it )NP (VP (VP is `` (NP (NP virtually the sole major paper company )NP (VP not *UNKING (NP a major capacity expansion )NP )VP )NP )VP , '' and (VP (ADVP thus )ADVP should (VP be (ADJP able (S (VP to (VP lower (NP long-term debt )NP (ADVP substantially )ADVP (NP next year )NP )VP )VP )S )ADJP )VP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP A *UNKC spokesman )NP (VP said (SBAR (S (S (NP the company )NP (VP expects (NP record earnings )NP (PP in (NP 1989 )NP )PP )VP )S , and (S `` (NP we )NP (VP 're (ADVP still )ADVP (ADJP pretty bullish '' (PP on (NP 1990 )NP )PP )ADJP )VP )S )S )SBAR )VP . )S  STOP
(S (NP The analysts )NP (VP say (SBAR (S (NP their *UNK forecasts )NP (VP have (NP a *UNK side )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Some )NP (VP take (NP (NP a warm view )NP (PP of (NP (NP *UNKED paper companies )NP , (SBAR (WHNP which )WHNP (S (VP (VP buy (NP pulp )NP (PP from (NP the commodity producers )NP )PP )VP and (VP should (VP benefit (PP from (NP (NP the expected declines )NP (PP in (NP pulp prices )NP )PP )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP on (SBAR (WHADVP how much )WHADVP (S (NP pulp prices )NP (VP will (VP fall (NP next year )NP )VP )VP )S )SBAR )PP )NP (ADVP currently )ADVP (VP run (PP between (NP (NP (QP $ 150 and $ 250 )QP )NP (NP a metric ton )NP )NP )PP )VP . )S  STOP
(S (NP Analysts )NP (VP agree (SBAR that (S (NP the price drop )NP (VP should (VP (ADVP especially )ADVP benefit (NP (NP the two big tissue makers )NP , (NP (NP Scott Paper )NP and (NP *UNKC )NP )NP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A spokesman )NP (PP for (NP Scott )NP )PP )NP (VP says (SBAR that (S (S (VP assuming (SBAR (S (NP (NP the price )NP (PP of (NP pulp )NP )PP )NP (VP continues (S (VP to (VP *UNK )VP )VP )S )VP )S )SBAR )VP )S , `` (NP We )NP (VP should (VP do (ADVP well )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC 's )NP Inc. )NP (VP said (SBAR (S (NP it )NP (VP will (VP report (NP (NP a *UNK- )NP (PP of (NP (NP (QP $ 2.5 million )QP )NP , or (NP (NP seven cents )NP (NP a share )NP )NP , )NP )PP )NP (PP for (NP (NP its fourth quarter )NP (VP ended (NP yesterday )NP )VP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The restaurant operator )NP (VP cited (NP (NP transaction costs )NP (PP from (NP its 1988 recapitalization )NP )PP (PP as (NP (NP a result )NP (PP of (NP (NP a (ADJP (QP $ 160 million )QP )ADJP restructuring )NP (PP of (NP its bank debt )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The *UNK- )NP (VP will (VP be (VP reported (PP as (NP an extraordinary item )NP )PP (PP in (NP (NP the company 's )NP 1989 operating results )NP )PP )VP )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP (NP the effective interest rate )NP (PP on (NP (NP the (QP $ *UNKN million )QP )NP (PP of (NP (NP total remaining bank debt )NP (PP after (NP the restructuring )NP )PP )NP )PP )NP )PP )NP (VP is (NP *UNKN % )NP )VP . )S  STOP
(S (NP (NP The combined effect )NP (PP of (NP these changes )NP )PP )NP (VP is (VP expected (S (VP to (VP save (NP the company )NP (NP (NP (QP about $ 4 million )QP )NP (PP in (NP interest expenses )NP )PP )NP (NP next year )NP , (PRN or (NP (NP six cents )NP (NP a share )NP )NP )PRN )VP )VP )S )VP )VP . )S  STOP
(S (NP *UNKC 's )NP (VP said (SBAR (S (NP the latest restructuring )NP (VP affected (NP (NP bank *UNK )NP (SBAR (WHNP that )WHNP (S (VP was (VP incurred (S (VP to (VP finance (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP (NP (NP the company 's )NP (ADJP (QP $ *UNKN million )QP )ADJP recapitalization )NP (SBAR (WHNP that )WHNP (S (VP took (NP place )NP (X (PP in )PP )X )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )S  STOP
(S (NP The company )NP (VP has (VP made (NP (NP payments )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP (PP against (NP (NP (NP the original (QP $ *UNKN million )QP )NP (PP of (NP bank debt )NP )PP )NP (VP incurred (PP in (NP (NP connection )NP (PP with (NP the recapitalization )NP )PP )NP )PP )VP )NP )PP )NP )VP )VP . )S  STOP
(S (NP These payments )NP (VP *UNKED (PP of (NP (NP (NP (QP $ 54 million )QP )NP (PP in (NP scheduled payments )NP )PP )NP and (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP (NP *UNK )NP , (VP funded (PP by (NP (NP (QP $ *UNKN million )QP )NP (PP from (NP (NP operating cash flow )NP , (NP zero-coupon subordinated debt )NP and (NP assets sales )NP )NP )PP )NP )PP )VP )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP *UNKC *UNKC Brown *UNKC *UNKC )NP (VP said (SBAR (S (NP it )NP (VP signed (NP (NP a contract )NP (PP for (NP (NP the *UNK- power plant order )NP (PP in (NP the Netherlands )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP (NP the contract )NP , (VP signed (PP with (NP the Dutch utility *UNKC . *UNKC *UNKC )NP )PP )VP , )NP (VP is (VP valued (PP in (NP (NP excess )NP (PP of (NP (QP $ 200 million )QP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The accord )NP (VP is (PP for (NP (NP a *UNK plant )NP (PP at (NP (NP the *UNKED power station *UNKC )NP (PP in (NP Amsterdam )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP *UNKC *UNKC Brown *UNKC )NP (VP is (NP (NP the Dutch unit )NP (PP of (NP the *UNKC electrical engineering group *UNKC *UNKC Brown *UNKC AG )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP (NP a significant portion )NP (PP of (NP the order )NP )PP )NP (VP will (VP be (VP placed (PP with (NP Dutch *UNK )NP )PP )VP )VP )VP )S )SBAR , (S (VP adding (SBAR that (S (NP a group )NP (VP has (VP been (VP set (PRT up )PRT (PP for (NP this purpose )NP )PP )VP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP The Dutch utility firm )NP (VP serves (NP the Amsterdam and *UNKC areas )NP )VP . )S  STOP
(S (NP The planned *UNK plant )NP (VP is (VP expected (S (VP to (VP go (PP into (NP operation )NP )PP (PP in (NP 1994 )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP Nissan Motor Co. )NP (VP expects (S (NP net income )NP (VP to (VP reach (NP (NP (QP 120 billion )QP yen )NP (PRN -LRB- (NP U.S. (QP $ *UNKN million )QP )NP -RRB- )PRN )NP (PP in (NP its current fiscal year )NP )PP , (ADVP up (PP from (NP (QP *UNKN billion )QP yen )NP (PP in (NP the previous year )NP )PP )PP )ADVP )VP )VP )S )VP )S , (NP (NP *UNKC *UNKC )NP , (NP president )NP , )NP (VP said )VP . )S  STOP
(S (NP Mr. Kume )NP (VP made (NP (NP the earnings *UNK )NP (PP for (NP (NP fiscal 1990 )NP , (VP ending (NP next March 31 )NP )VP )NP )PP )NP , (PP in (NP (NP an interview )NP (PP with (NP (NP U.S. automotive writers )NP (VP *UNKING (NP the Tokyo Motor *UNKC )NP )VP )NP )PP )NP )PP )VP . )S  STOP
(S (NP The executive )NP (VP said (SBAR that (S (NP the anticipated earnings increase )NP (VP is (ADJP fairly modest )ADJP (UCP (SBAR because (S (NP Nissan )NP (VP is (VP spending (ADVP heavily )ADVP (S (VP to (VP bolster (NP (NP its dealership network )NP (PP in (NP Japan )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR and (PP because of (NP *UNK- *UNK )NP )PP )UCP )VP )S )SBAR )VP . )S  STOP
(S (PP During (NP the next decade )NP )PP (PRN , (NP Mr. Kume )NP (VP said )VP , )PRN (NP Nissan )NP (VP plans (S (VP to (VP boost (NP overseas vehicle production )NP (ADVP *UNKLY (S (VP to (VP account (PP for (NP (NP a majority )NP (PP of (NP (NP sales )NP (PP outside (NP Japan )NP )PP )NP )PP )NP )PP )VP )VP )S )ADVP )VP )VP )S )VP . )S  STOP
(S (NP Last year )NP (PRN , (S (NP Mr. Kume )NP (VP said )VP )S , )PRN (NP Nissan )NP (VP (VP *UNKED (NP (QP slightly over one million )QP vehicles )NP )VP , and (VP produced (NP *UNKN cars and trucks )NP (PP at (NP (NP its factories )NP (PP in (NP (NP North America )NP , (NP Europe )NP and (NP Australia )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S But (PP by (NP 1992 )NP )PP (PRN , (S (NP he )NP (VP added )VP )S , )PRN (NP Nissan )NP (VP will (VP build (NP (NP (QP one million )QP vehicles )NP (NP a year )NP )NP (PP outside (NP Japan )NP )PP , (PRN or (ADJP sufficient (S (VP to (VP equal (NP exports )NP )VP )VP )S )ADJP )PRN )VP )VP . )S  STOP
(S `` (PP By (NP (NP the end )NP (PP of (NP the 1990s )NP )PP )NP )PP (PRN , '' (S (NP he )NP (VP said )VP )S , )PRN `` (NP we )NP (VP want (S (VP to (VP be (VP producing (NP (NP (QP roughly two )QP vehicles )NP )NP (ADVP overseas )ADVP (PP for (NP (NP every vehicle )NP (SBAR (WHNP that )WHNP (S (NP we )NP (VP export (PP from (NP Japan )NP )PP )VP )S )SBAR )NP )PP )VP )VP )VP )S )VP . '' )S  STOP
(S (S (NP That )NP (VP will (VP involve (NP (NP a substantial increase )NP (PP in (NP overseas manufacturing capacity )NP )PP )NP )VP )VP )S , (NP he )NP (VP (VP acknowledged )VP , but (VP did n't (VP provide (NP specific details )NP )VP )VP )VP . )S  STOP
(S (NP National *UNKC Inc. )NP (VP said (SBAR (S (NP it )NP (VP expects (S (VP to (VP report (NP (NP a charge )NP (PP of (NP (QP $ 5.3 million )QP )NP )PP (VP related (PP to (NP (NP the sale )NP (PP of (NP (NP its aluminum unit 's )NP *UNK division )NP )PP )NP )PP )VP (PP for (NP the third quarter )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP it )NP (VP has (VP agreed (S (VP to (VP sell (NP the *UNK division )NP (PP for (NP (QP $ 15 million )QP )NP )PP (PP to (NP (NP *UNKC *UNKC Co. )NP , (NP (NP a (ADJP closely held )ADJP firm )NP (VP based (PP in (NP (NP *UNKC )NP , (NP Pa )NP )NP )PP )VP )NP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The charge )NP (VP is (VP offset (PP by (NP (NP an after-tax gain )NP (PP of (NP (QP about $ 30 million )QP )NP )PP (PP in (NP the quarter )NP )PP (PP from (NP the (ADJP previously announced )ADJP pact (S (VP to (VP sell (NP (NP National *UNKC 's )NP rolling division )NP )VP )VP )S )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP National *UNKC )NP (PP in (NP the year-ago third quarter )NP )PP (VP earned (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 97 cents )NP (NP a share )NP )NP , (PP including (NP (NP a gain )NP (PP of (NP (QP $ 18 million )QP )NP )PP (PP from (NP (NP the sale )NP (PP of (NP a steel *UNK company )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Revenue )NP (VP was (NP (QP $ *UNKN million )QP )NP )VP . )S  STOP
(S (NP The company )NP (ADVP also )ADVP (VP said (SBAR (S (NP it )NP (VP continues (S (VP to (VP explore (NP (NP all options )NP (PP concerning (NP (NP the possible sale )NP (PP of (NP (NP (NP National *UNKC 's )NP (ADJP *UNKN % )ADJP stake )NP (PP in (NP (NP an aluminum *UNK )NP (PP in (NP (NP *UNKC )NP , (NP *UNK )NP )NP )PP )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The sale )NP (PP of (NP the *UNK division )NP )PP )NP (VP is (ADJP subject (PP to (NP (NP audit adjustments )NP (PP for (NP working capital changes )NP )PP )NP )PP )ADJP (PP through (NP the closing )NP )PP )VP . )S  STOP
(S (NP The agreement )NP (ADVP also )ADVP (VP provides (PP for (NP (NP potential payments )NP (PP of (NP additional proceeds )NP )PP (PP to (NP National *UNKC )NP )PP (PP over (NP the next two years )NP )PP , (PP depending (PP on (NP (NP the plant 's )NP shipping levels )NP )PP )PP )NP )PP )VP . )S  STOP
(S (NP The *UNK unit )NP (VP produces (NP (ADJP *UNK and *UNKED )ADJP *UNK *UNK )NP (PP for (NP (NP building products )NP and (NP construction industries )NP )NP )PP )VP . )S  STOP
(S (PP In (NP fiscal 1989 )NP )PP , (NP it )NP (VP had (NP (NP (NP sales )NP (PP of (NP (QP about $ 40 million )QP )NP )PP )NP and (NP (NP an operating loss )NP (PP of (NP (QP $ 1.5 million )QP )NP )PP )NP )NP )VP . )S  STOP
(S (NP The municipal bond market )NP (VP is (VP *UNKING (PP for (NP (NP tough times )NP (PP through (NP (NP the end )NP (PP of (NP the year )NP )PP )NP )PP )NP )PP (SBAR as (S (S (NP it )NP (VP *UNK (S (VP to (VP absorb (NP (NP an *UNKLY )NP (PP of (NP bonds )NP )PP )NP )VP )VP )S )VP )S and (S (NP (NP two )NP (PP of (NP its best customers )NP )PP )NP (VP turn (PP into (NP sellers )NP )PP )VP )S )S )SBAR )VP )VP . )S  STOP
(S (NP (NP (NP Commercial banks )NP and (NP *UNK insurers )NP )NP , (SBAR (WHNP which )WHNP (S (ADVP together )ADVP (VP own (NP (NP (QP about 36 )QP % )NP (PP of (NP all municipal bonds )NP )PP )NP )VP )S )SBAR , )NP (VP have (VP been (VP *UNKING (NP their securities )NP (PP for (NP weeks )NP )PP )VP )VP )VP . )S  STOP
(S (NP Last week )NP (PRN , (S (NP traders )NP (VP said )VP )S , )PRN (NP there )NP (VP were (NP three institutional sellers )NP (PP for (NP every buyer )NP )PP )VP . )S  STOP
(S `` (S (NP Every day )NP (NP we )NP (VP 're (VP getting (NP new bid lists )NP '' (PP from (NP would-be sellers )NP )PP )VP )VP )S , (NP one trader )NP (VP said )VP . )S  STOP
(S `` (NP Most dealers )NP (VP can not (VP continue (S (VP to (VP absorb (NP this supply )NP )VP )VP )S )VP )VP . '' )S  STOP
(S (PP As (NP a result )NP )PP , (NP (NP yields )NP (PP on (NP long-term *UNK bonds )NP )PP )NP (ADVP now )ADVP (VP stand (PP at (NP (NP (NP (QP about 95 )QP % )NP (PP of (NP long-term Treasury yields )NP )PP )NP , (NP (NP the highest such level )NP (PP in (NP (QP more than two )QP years )NP )PP )NP )NP )PP )VP . )S  STOP
(SINV `` (S (NP There )NP (VP is (NP (NP *UNK negative psychology )NP (VP building (PP in (NP the market )NP )PP )VP )NP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a vice president )NP (PP at (NP Merrill Lynch & Co )NP )PP )NP )NP . )SINV  STOP
(S `` (NP People )NP (VP are (ADJP very concerned (PP about (SBAR (WHNP who )WHNP (S (VP is (VP going (S (VP to (VP (VP step (ADVP up )ADVP (PP to (NP the plate )NP )PP )VP and (VP buy (NP municipal bonds )NP )VP (PP in (NP (NP the absence )NP (PP of (NP institutional buyers )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )PP )ADJP )VP . '' )S  STOP
(S (NP (NP The yield )NP (PP on (NP (NP a group )NP (PP of (NP 25 revenue bonds )NP )PP (VP compiled (PP by (NP (NP the Bond *UNKC )NP , (NP a trade publication )NP , )NP )PP )VP )NP )PP )NP (ADVP now )ADVP (VP exceeds (NP 7.50 % )NP )VP . )S  STOP
(S (PP At (NP (NP this week 's )NP New York City bond sale )NP )PP , (NP traders )NP (VP expect (S (NP (NP yields )NP (PP on (NP the 20-year New York bonds )NP )PP )NP (VP to (VP (ADVP nearly )ADVP match (NP (NP the (ADJP *UNKN % )ADJP yield )NP (PP on (NP 30-year Treasury bonds )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (PP For (NP (NP an investor )NP (PP in (NP the (ADJP 28 % )ADJP federal tax *UNK )NP )PP )NP )PP , (NP (NP *UNKN % )NP (ADJP tax-free )ADJP )NP (VP is (NP (NP the same )NP (PP as (NP (NP *UNKN % )NP (PP on (NP a taxable investment )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP That )NP (VP 's (NP (NP a *UNK- yield )NP (ADJP (ADJP (NP (QP nearly three )QP percentage points )NP more )ADJP (PP than (NP (NP the current yield )NP (PP on (NP 30-year Treasury bonds )NP )PP )NP )PP )ADJP )NP )VP . )S  STOP
(SBAR (WHADVP How quickly )WHADVP (S (NP things )NP (VP change )VP )S . )SBAR  STOP
(S (NP This past summer )NP , (NP (NP (NP investors ' )NP *UNK )NP (PP for (NP municipal bonds )NP )PP )NP (VP seemed (ADJP *UNK )ADJP )VP . )S  STOP
(S (NP (NP *UNKC )NP (ADJP eager (PP for (NP tax-free income )NP )PP )ADJP )NP (VP drove (PRT up )PRT (NP bond prices )NP , (S (VP making (S (NP (UCP state and local )UCP government debt )NP (NP (NP one )NP (PP of (NP (NP the *UNKING types )NP (PP of (NP *UNK- investments )NP )PP (PP during (NP the period )NP )PP )NP )PP )NP )S )VP )S )VP . )S  STOP
(S But (SBAR while (S (NP analysts )NP (VP say (SBAR that (S (NP municipal bonds )NP (ADVP still )ADVP (VP offer (NP good value )NP )VP )S )SBAR )VP )S )SBAR , (NP you )NP (VP would n't (VP know (NP it )NP (PP by (NP (NP the way )NP (SBAR (S (NP institutional investors )NP (VP are (VP rushing (S (VP to (VP dump (NP their holdings )NP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP Bond market analysts )NP (VP say (SBAR (S (NP the institutional selling )NP (VP was (VP triggered (PP by (NP several factors )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Big banks )NP (PP such as (NP (NP (NP Chemical Bank )NP and (NP Chase Manhattan )NP )NP , (SBAR (WHNP which )WHNP (S (VP have (VP been (VP taking (NP heavy charges )NP (S (VP to (VP expand (NP their Third World loan-loss reserves )NP )VP )VP )S )VP )VP )VP )S )SBAR )NP )PP )NP , (VP are n't (VP looking (PP for (NP tax-exempt income )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP do n't (VP need (NP (NP the *UNK )NP (PP of (NP tax-free bonds )NP )PP )NP )VP )VP )S , '' (VP said )VP (NP (NP a spokeswoman )NP (PP at (NP Chemical )NP )PP )NP . )SINV  STOP
(S (PP In (NP recent weeks )NP )PP (PRN , (S (NP traders )NP (VP said )VP )S , )PRN (NP Chemical )NP (VP has (VP sold (NP (NP (QP more than $ 1 billion )QP )NP (PP of (NP tax-free bonds )NP )PP )NP )VP )VP . )S  STOP
(S (NP The spokeswoman )NP (VP (VP confirmed (SBAR that (S (NP the bank )NP (VP has (VP (ADVP significantly )ADVP reduced (NP its *UNK holdings )NP )VP )VP )S )SBAR )VP , but (VP could n't (ADVP immediately )ADVP (VP confirm (NP the amount )NP )VP )VP )VP . )S  STOP
(S (NP Insurance companies )NP (VP are (VP rushing (S (VP to (VP sell (PP before (NP (NP the end )NP (PP of (NP the year )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP (NP some )NP (PP of (NP their tax benefits )NP )PP (VP associated (PP with (NP municipal bonds )NP )PP )VP )NP (VP will (VP be (VP *UNKED (PRT out )PRT )VP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP There )NP (VP is (NP speculation (SBAR that (S (NP *UNK firms )NP (VP will (VP sell (NP (ADJP even more )ADJP *UNK )NP (SBAR as (S (NP they )NP (VP *UNK (S (VP to (VP raise (NP (NP cash )NP (SBAR (S (VP to (VP pay (NP (NP claims )NP (VP related (PP to (NP (NP Hurricane Hugo )NP and (NP the Northern California earthquake )NP )NP )PP )VP )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP *UNKC factors )NP (VP are (PP at (NP work )NP )PP (ADVP as well )ADVP )VP . )S  STOP
(S (NP *UNKC bond holders )NP (VP are (ADJP worried (PP about (NP (NP the impact )NP (PP of (NP a slowing economy )NP )PP (PP on (NP tax revenue )NP )PP , (PP at (NP (NP a time )NP (SBAR (WHADVP when )WHADVP (S (NP many (UCP state and local )UCP governments )NP (ADVP already )ADVP (VP face (NP (NP budget deficits )NP and (NP huge spending needs )NP )NP )VP )S )SBAR )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (NP (NP The recent natural disasters )NP , and (NP (NP the need )NP (PP of (NP many other cities )NP )PP (S (VP to (VP rebuild (NP *UNKING infrastructure )NP )VP )VP )S )NP , )NP (VP suggests (SBAR that (S (NP (NP supply )NP (PP of (NP new issues )NP )PP )NP (VP will (VP continue (S (VP to (VP rise (ADVP sharply )ADVP )VP )VP )S -- (SBAR even as (S (NP demand )NP (VP *UNK (PRT off )PRT )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP There )NP (VP is (S (NP (NP (ADVP just )ADVP so much )NP )NP (VP going (PRT on )PRT (SBAR that (S (NP (NP it )NP )NP (VP 's (ADJP difficult )ADJP (S (VP to (VP pick (NP (NP (QP just one )QP factor )NP (SBAR (WHNP that )WHNP (S (VP 's (VP driving (NP the market )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )VP )S )VP )S , '' (VP said )VP (NP (NP Ronald *UNKC Heller )NP , (NP (NP vice president )NP (PP at (NP (NP First Chicago Capital Markets Inc. )NP , (NP (NP a subsidiary )NP (PP of (NP First Chicago Corp )NP )PP )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP Some )NP (PP of (NP the recent selling )NP )PP )NP (VP could (ADVP actually )ADVP (VP be (VP considered (S (NP a positive sign )NP )S )VP )VP )VP . )S  STOP
(S (NP Mutual funds )NP , (PP for (NP example )NP )PP , (VP are (VP said (S (VP to (VP be (VP selling (NP existing municipal bonds )NP (S (VP to (VP raise (NP (NP cash )NP (SBAR (S (VP to (VP buy (NP new issues )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )VP )S )VP )VP . )S  STOP
(S (SBAR Because (S (NP municipal bonds yields )NP (VP have (VP risen (PP at (NP (NP a time )NP (SBAR (WHADVP when )WHADVP (S (NP interest rates )NP (ADVP generally )ADVP (VP have (VP fallen )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR , (NP some portfolio managers )NP (VP are (VP assuming (SBAR that (S (NP (NP bonds )NP (VP bought (ADVP now )ADVP )VP )NP (VP will (VP *UNK (PP in (NP value )NP )PP (SBAR as (S (NP the municipal bond market )NP (VP *UNK )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Ms. *UNKC )NP (VP believes (SBAR that (S (NP the mutual funds )NP (VP are (VP selling (NP (NP *UNK bonds )NP (SBAR (WHNP that )WHNP (S (VP have (NP a negative *UNK )NP )VP )S )SBAR -- (NP (NP those )NP (SBAR (WHNP that )WHNP (S (VP have (VP *UNKED (PP in (NP price )NP )PP (ADVP slowly )ADVP (ADVP relative (PP to (NP (NP the decline )NP (PP in (NP interest rates )NP )PP )NP )PP )ADVP )VP )VP )S )SBAR )NP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Such bonds )NP (PRN , (S (NP she )NP (VP says )VP )S , )PRN (VP are (NP (NP those )NP (SBAR (WHNP that )WHNP (S (VP are (VP *UNKING (NP their call date )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S But (NP traders )NP (VP said (SBAR (S (NP (NP the market 's )NP tone )NP (VP could (VP pick (PRT up )PRT (NP this week )NP (SBAR if (S (NP (NP New York City 's )NP (ADJP (QP $ *UNKN million )QP )ADJP bond offering )NP (VP goes (ADVP well )ADVP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The offering )NP (VP will (VP include (NP (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP 20-year tax-exempt bonds )NP )PP )NP and (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP taxable bonds )NP )PP )NP )NP )VP )VP . )S  STOP
(S (ADVP (NP (ADJP A few )ADJP weeks )NP ago )ADVP , (NP New York )NP (VP sold (NP (NP (QP $ 750 million )QP )NP (PP of (NP *UNK- )NP )PP )NP )VP . )S  STOP
(S (NP New York City bonds )NP (VP have (VP been (VP *UNK (PRT down )PRT (PP for (NP three straight weeks )NP )PP )VP )VP )VP . )S  STOP
(S (PP On (NP Friday )NP )PP , (NP some issues )NP (VP fell (NP (NP (QP nearly one )QP point )NP , or (NP (NP (QP close to $ 10 )QP )NP (PP for (NP each (ADJP $ 1,000 )ADJP face amount )NP )PP )NP )NP )VP . )S  STOP
(S (NP (NP The sell-off )NP (PP in (NP New York City bonds )NP )PP )NP (VP was (VP triggered (PP by (NP (NP (NP concerns )NP (PP about (NP (NP the city 's )NP financial health )NP )PP )NP and (NP (NP political uncertainty )NP (PP in (NP (NP view )NP (PP of (NP the *UNKING *UNK election )NP )PP )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP The city 's )NP economy )NP (VP is (VP growing (ADJP weaker )ADJP )VP )VP )S and (S (NP expenditures )NP (VP are (VP rising (SBAR as (S (NP tax revenue )NP (VP is (VP falling )VP )VP )S )SBAR )VP )VP )S . )S  STOP
(S `` (NP The city )NP (VP has (VP issued (NP (NP (ADJP so much )ADJP supply )NP )NP (ADVP recently )ADVP (SBAR that (S (NP some people )NP (VP are (VP getting (ADJP (NP a little )NP concerned )ADJP )VP )VP )S )SBAR )VP )VP . )S  STOP
(SINV (S (NP They )NP (VP 'd (VP like (S (VP to (VP see (S (NP some other names )NP (PP in (NP their portfolios )NP )PP )S )VP )VP )S )VP )VP )S , '' (VP said )VP (NP (NP Michael S. *UNKC )NP , (NP (NP first vice president )NP (PP at (NP Shearson Lehman Hutton )NP )PP )NP )NP . )SINV  STOP
(S But (NP he )NP (VP thinks (SBAR (S (NP investors )NP (VP may (VP be (VP *UNKING (PP to (NP (NP the market 's )NP problems )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Overall )ADVP (PRN , (S (NP he )NP (VP says )VP )S , )PRN (NP municipal prices )NP (VP (VP are `` (ADJP very cheap )ADJP '' )VP and (VP represent (NP an `` excellent buying opportunity )NP )VP )VP . '' )S  STOP
(NP (NP Friday 's )NP Market Activity )NP  STOP
(S (NP Treasury bonds )NP (VP fell (ADVP sharply )ADVP (PP on (NP (NP confusion )NP (PP about (NP (NP (NP this week 's )NP Treasury debt auction )NP and (NP rumors (SBAR that (S (NP a major Japanese investor )NP (VP was (VP *UNKING (NP (NP large amounts )NP (PP of (NP long-term bonds )NP )PP )NP )VP )VP )S )SBAR )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The Treasury 's )NP benchmark 30-year bond )NP (VP ended (PP at (NP (NP a price )NP (PP of (NP (NP (QP 102 *UNKN )QP )NP , (ADVP down (NP (QP nearly 5\/8 )QP point )NP (PP from (NP Thursday )NP )PP (PRN , or (NP (NP (QP about $ 6.25 )QP )NP (PP for (NP each (ADJP $ 1,000 )ADJP face amount )NP )PP )NP )PRN )ADVP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The issue 's )NP yield )NP (VP rose (PP to (NP *UNKN % )NP )PP (PP from (NP *UNKN % )NP )PP )VP . )S  STOP
(S (NP Late Thursday )NP , (NP the Treasury )NP (VP said (SBAR (S (NP it )NP (VP (VP needed (S (VP to (VP raise (NP (QP $ 17 billion )QP )NP (ADVP quickly )ADVP )VP )VP )S )VP and (VP would (VP do (ADVP so )ADVP (PP by (S (VP issuing (NP new securities )NP (NP this week )NP )VP )S )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Credit market analysts )NP (VP expected (S (NP the Treasury )NP (VP (VP to (VP cancel (NP (NP today 's )NP (ADJP three-month and six-month )ADJP sale )NP )VP )VP and (VP to (VP sell (NP (NP (QP $ 17 billion )QP )NP (PP of (NP cash management bills )NP )PP )NP )VP )VP )VP )S )VP . )S  STOP
(S (ADVP Instead )ADVP , (S (NP the Treasury )NP (VP (VP announced (SBAR (S (NP it )NP (VP would (VP sell (NP (NP (QP $ 2 billion )QP )NP (PP of (NP *UNK- cash management bills )NP )PP )NP (NP today )NP )VP )VP )S )SBAR )VP and (VP said (SBAR that (S (NP (NP the weekly sale )NP (PP of (NP (NP (QP $ *UNKN billion )QP )NP (PP of (NP (ADJP three-month and six-month )ADJP bills )NP )PP )NP )PP )NP (VP will (VP take (NP place )NP (NP today )NP , (SBAR as (FRAG (ADJP usual )ADJP )FRAG )SBAR )VP )VP )S )SBAR )VP )VP )S , but (S (NP the sale )NP (VP will (VP settle (NP (NP tomorrow )NP (PP instead of (NP Thursday )NP )PP )NP )VP )VP )S . )S  STOP
(S (PP By (S (VP moving (NP the settlement date )NP (ADVP ahead )ADVP )VP )S )PP , (NP the Treasury )NP (VP can (VP raise (NP money )NP (PP under (NP (NP the (ADJP (QP $ *UNKN trillion )QP )ADJP debt ceiling )NP (SBAR (WHNP that )WHNP (S (VP is (PP in (NP effect )NP )PP (PP through (NP (NP tomorrow )NP , (SBAR (WHPP after (WHNP which )WHNP )WHPP (S (NP it )NP (VP *UNK (PP to (NP (QP $ 2.8 trillion )QP )NP )PP )VP )S )SBAR )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP The market )NP (ADVP also )ADVP (VP was (VP hurt (PP by (NP rumors (SBAR that (S (NP (NP Nippon *UNKC *UNKC )NP , (NP a Japanese brokerage firm )NP , )NP (VP was (VP *UNKING (NP (NP some )NP (PP of (NP (NP the 30-year bonds )NP (SBAR (S (NP it )NP (ADVP recently )ADVP (VP purchased )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP One dealer )NP (VP said (SBAR (S (NP the talk )NP (VP was (SBAR that (S (NP the firm )NP (VP sold (NP (NP (QP about $ 500 million )QP )NP (PP of (NP *UNK 30-year bonds )NP )PP )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP The firm )NP (VP is (VP thought (S (VP to (VP have (VP purchased (NP (NP (QP up to $ 3 billion )QP )NP (PP of (NP 30-year bonds )NP )PP )NP (PP in (NP a buying *UNK )NP )PP (PP on (NP (NP Wednesday )NP and (NP the previous Thursday )NP )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP Dealers )NP (VP say (SBAR (S (NP the firm )NP (ADVP apparently )ADVP (VP has (VP wanted (S (VP to (VP *UNK (NP (NP its (NX (NX recent buying )NX and (NX subsequent selling )NX )NX )NP (PP of (NP 30-year bonds )NP )PP )NP (PP by (S (VP using (NP *UNKC *UNKC Securities Corp. )NP (PP as (NP a broker )NP )PP )VP )S )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP provides (NP price quotes )NP (PP to (NP (NP Telerate Systems Inc. )NP , (NP a (ADJP widely used )ADJP electronic system )NP )NP )PP )VP . )S  STOP
(S (NP (NP Nippon *UNKC 's )NP moves )NP (VP (VP *UNKED (NP traders )NP )VP and (VP created (NP confusion )NP (PP among (NP (NP potential investors )NP , (SBAR (WHNP (NP many )NP (WHPP of (WHNP whom )WHNP )WHPP )WHNP (S (VP decided (S (VP to (VP stay (ADVP out (PP of (NP the market )NP )PP )ADVP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (PP As (NP (NP a result )NP (PP of (NP its *UNK- buying )NP )PP )NP )PP , (NP some analysts )NP (ADVP now )ADVP (VP say (SBAR that (S (NP (NP liquidity )NP , or (NP the ability (S (VP to (VP (ADVP easily )ADVP buy and sell )VP )VP )S )NP , )NP (VP has (VP been (VP *UNKED (PP in (NP the benchmark Treasury bond issue )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(PP In (NP other markets )NP : )PP  STOP
(S -- (NP (NP The junk bonds )NP (PP of (NP RJR Nabisco Inc. )NP )PP )NP (VP rallied (NP Friday )NP (PP on (NP news (SBAR that (S (NP the company )NP (VP is (VP selling (NP its candy bar brands )NP (PP to (NP Nestle Foods Corp. )NP )PP (PP for (NP (QP $ *UNKN million )QP )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP The sale price )NP , (SBAR (WHNP which )WHNP (S (VP was (PP above (NP Wall Street expectations )NP )PP )VP )S )SBAR , )NP (VP sent (NP many RJR securities )NP (ADVP up (PP by (NP one point )NP )PP )ADVP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP shows (SBAR that (S (NP there )NP (VP are (NP (NP buyers )NP (PP of (NP (NP high-quality assets )NP (PP at (NP high prices )NP )PP )NP )PP (PP in (NP (NP today 's )NP market )NP )PP )NP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP Robert Long )NP , (NP (NP (NP managing director )NP and (NP head )NP )NP (PP of (NP (NP the high-yield research department )NP (PP at (NP First Boston Corp )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP Many )NP (PP of (NP (NP the RJR securities )NP , (SBAR (WHNP which )WHNP (S (VP had (VP been (VP trading (PP near (NP their *UNK- lows )NP )PP (ADVP earlier (PP in (NP the session )NP )PP )ADVP )VP )VP )VP )S )SBAR , )NP )PP )NP (VP *UNKED (PRT back )PRT (PP after (NP (NP the company 's )NP announcement (SBAR that (S (NP it )NP (VP agreed (S (VP to (VP sell (NP its *UNKC Ruth , *UNKC and *UNKC candy businesses )NP (PP to (NP (NP Nestle Foods )NP , (NP (NP a unit )NP (PP of (NP the *UNKED food concern )NP )PP )NP )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP The sale )NP , (VP expected (S (VP to (VP close (PP before (NP (NP the end )NP (PP of (NP the year )NP )PP )NP )PP )VP )VP )S )VP , )NP (ADVP also )ADVP (VP includes (NP (NP a manufacturing plant )NP (PP in (NP (NP Franklin Park )NP , (NP *UNKC )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP (NP RJR 's )NP subordinated discount debentures )NP (PP of (NP 2001 )NP )PP , (SBAR (WHNP which )WHNP (S (VP traded (ADVP (ADVP as low )ADVP (PP as (NP 45 )NP )PP )ADVP (NP Friday )NP )VP )S )SBAR , )NP (VP finished (NP the day )NP (PP at (NP 46 7\/8 )NP )PP )VP . )S  STOP
(S (NP Other RJR securities )NP (ADVP also )ADVP (VP closed (ADJP higher )ADJP )VP . )S  STOP
(S (NP (NP (NP RJR Holdings Capital Corp. 's )NP (ADJP *UNKN % )ADJP convertible *UNK- securities )NP (VP maturing (PP in (NP 2009 )NP )PP )VP )NP (VP closed (ADVP (NP 1\/2 )NP higher )ADVP (PP at (NP 86 1\/2 )NP )PP (PP after (S (VP trading (ADVP (ADVP as low )ADVP (PP as (NP 85 1\/4 )NP )PP )ADVP )VP )S )PP )VP . )S  STOP
(S (NP Most other junk bond issues )NP (VP finished (ADVP (NP a *UNK- )NP lower )ADVP (PP on (NP rumors (SBAR that (S (NP Campeau Corp. )NP (VP was (VP filing (PP for (NP (NP protection )NP (PP from (NP creditors )NP )PP )NP )PP (PP under (NP (NP Chapter 11 )NP (PP of (NP the Bankruptcy Code )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP A spokesman )NP (PP for (NP Campeau )NP )PP )NP (VP called (S (NP the rumors )NP `` (ADJP *UNK )ADJP )S )VP . '' )S  STOP
(S (NP Most investment-grade bonds )NP (VP fell (NP (QP 3\/8 to 1\/2 )QP point )NP )VP . )S  STOP
(S -- (NP Mortgage securities )NP (VP (VP fell (NP (QP *UNKN to *UNKN )QP )NP )VP but (VP held (PRT up )PRT (ADVP (ADVP better )ADVP (PP than (NP *UNK Treasurys )NP )PP )ADVP )VP )VP . )S  STOP
(S (NP Dealers )NP (VP said (SBAR (S (NP some defensive investors )NP (VP were (NP (NP buyers )NP (PP of (NP mortgages )NP )PP )NP , (SBAR as (SINV (VP were )VP (NP (NP dealers )NP (VP seeking (NP (NP collateral )NP (PP for (NP (NP *UNKC )NP (VP priced (NP earlier last week )NP )VP )NP )PP )NP )VP )NP )SINV )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP Among (NP major issues )NP )PP , (NP (NP Government National Mortgage Association (ADJP 9 % )ADJP securities )NP (PP for (NP November delivery )NP )PP )NP (VP ended (PP at (NP 98 *UNKN )NP )PP , (ADVP down (NP *UNKN point )NP )ADVP (PP for (NP (NP a yield )NP (PP of (NP (NP (QP about *UNKN )QP % )NP (PP to (NP a *UNK- average life assumption )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP (NP The premium )NP (SBAR (S (NP the elderly )NP (VP pay (PP for (NP (NP coverage )NP (PP of (NP (NP doctor 's )NP bills )NP )PP )NP )PP (PP under (NP (NP Part B )NP (PP of (NP the *UNKC health insurance plan )NP )PP )NP )PP )VP )S )SBAR )NP (VP will (VP rise (PP to (NP (NP $ 29 )NP (NP a month )NP )NP )PP (PP in (NP 1990 )NP )PP (PP from (NP $ *UNKN )NP )PP )VP )VP )S , (NP (NP the Department )NP (PP of (NP Health and Human Services )NP )PP )NP (VP said )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP (NP a second Part B premium )NP (SBAR (S (VP to (VP cover (NP (NP the cost )NP (PP of (NP (NP the new program )NP (PP of (NP (NP insurance )NP (PP against (NP *UNK *UNK )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )SBAR )NP (VP will (VP rise (PP to (NP (NP $ *UNKN )NP (NP a month )NP )NP )PP (PP from (NP $ 4 )NP )PP , (SBAR if (S (NP Congress )NP (VP does n't (VP change (NP the program )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The House )NP (VP has (VP voted (S (VP to (VP repeal (NP (NP most )NP (PP of (NP (NP the *UNKC *UNKC Act )NP (PP of (NP 1988 )NP )PP )NP )PP )NP , (ADVP however )ADVP , (SBAR (WHNP which )WHNP (S (VP would (VP end (NP (NP the monthly *UNK- premium )NP , (CONJP as well as )CONJP (NP (NP an unpopular income *UNK )NP (VP paid (PP by (NP (NP (QP about 40 )QP % )NP (PP of (NP the *UNK Medicare beneficiaries )NP )PP )NP )PP )VP )NP )NP )VP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (S (PP Under (NP a *UNKING Senate plan )NP )PP , (NP the *UNK- monthly premium )NP (VP would (VP continue , (S (VP rising (PP to (NP $ *UNKN )NP (NP next year )NP )PP )VP )S )VP )VP )S , but (S (NP the *UNK )NP (VP would (VP be (VP *UNKED )VP )VP )VP )S . )S  STOP
(S (NP Medicare Part B )NP (VP pays (NP (NP 80 % )NP (PP of (NP (NP a *UNK 's )NP *UNK (NP doctor 's )NP bills )NP )PP )NP (PP after (NP (NP an annual *UNK )NP (PP of (NP $ 75 )NP )PP )NP )PP )VP . )S  STOP
(S (NP The *UNKC *UNKC Act )NP (VP would (VP add (NP (NP a *UNK- provision )NP )NP (NP next year )NP (SBAR (S (VP to (VP limit (NP (NP the maximum )NP (SBAR (S (NP beneficiaries )NP (VP must (VP pay (PP for (NP doctors )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Both the House and Senate bills )NP (SBAR (S (VP to (VP reduce (NP (NP the cost and coverage )NP (PP of (NP the *UNK- plan )NP )PP )NP )VP )VP )S )SBAR )NP (VP would (VP eliminate (NP (NP the cap )NP (PP on (NP (NP doctor 's )NP bills )NP )PP )NP )VP )VP . )S  STOP
(S (SBAR If (S (NP the House )NP (VP *UNK (PP in (NP its efforts (S (VP to (VP kill (NP the *UNK- plan )NP )VP )VP )S )NP )PP )VP )S )SBAR , (NP the monthly Part B premium )NP (VP will (VP be (NP $ 29 )NP (NP next year )NP )VP )VP . )S  STOP
(S (SBAR If (S (NP the Senate plan )NP (VP *UNK )VP )S )SBAR , (NP the premium )NP (VP will (VP be (NP $ *UNKN )NP , (PP with (S (NP the additional $ *UNKN )NP (VP going (S (VP to (VP pay (PP for (NP expanded hospital coverage )NP )PP (PP under (NP (NP Part A )NP (PP of (NP Medicare )NP )PP )NP )PP )VP )VP )S )VP )S )PP )VP )VP . )S  STOP
(S (NP (NP Most )NP (PP of (NP (NP Part A 's )NP costs )NP )PP )NP (VP are (VP paid (PP by (NP (NP a payroll tax )NP (PP on (NP workers and employers )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Lockheed Corp. )NP (VP said (SBAR (S (NP it )NP (VP will (VP trim (NP (NP its *UNKC Systems work force )NP (PP in (NP California and Georgia )NP )PP )NP (PP by (NP several hundred workers )NP )PP , (S (VP reflecting (NP (NP the defense industry 's )NP decline )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The Lockheed unit )NP (VP has (NP *UNKN workers )NP )VP )S ; (S (NP it )NP (VP expects (S (VP to (VP make (NP the cuts )NP (PP through (NP (NP a combination )NP (PP of (NP *UNK , *UNK and *UNK )NP )PP )NP )PP )VP )VP )S )VP )S . )S  STOP
(S (S (NP The reductions )NP (VP should (VP be (ADJP complete )ADJP (PP by (NP (NP the end )NP (PP of (NP the year )NP )PP )NP )PP )VP )VP )S , (NP a spokesman )NP (VP said , (S (VP adding (SBAR that (S (NP (NP the exact number )NP (SBAR (S (VP to (VP be (VP cut )VP )VP )VP )S )SBAR )NP (VP has n't (VP been (VP determined )VP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP Lockheed )NP (VP reported (NP (NP a (ADJP (QP $ 32 million )QP )ADJP third-quarter net loss )NP , (PP (ADVP largely )ADVP because of (NP (NP cost *UNK )NP (PP on (NP *UNK- military contracts )NP )PP )NP )PP )NP )VP . )S  STOP
(S (S (VP *UNKING (SBAR that (S (NP other defense contractors )NP (VP are (VP *UNKING (PP of (NP (NP losses )NP (PP on (NP such contracts )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S , (NP analysts )NP (VP say (SBAR (S (NP taxpayers )NP (VP have (VP been (VP getting (NP (NP *UNK *UNK )NP (PP on (NP weapons systems )NP )PP )NP (PP in (NP recent years )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP Defense contractors )NP `` (VP can not (VP continue (S (VP to (VP get (NP contracts )NP (PP on (NP that basis )NP )PP )VP )VP )S )VP )VP )S , '' (VP said )VP (NP (NP Howard *UNKC )NP , (NP (NP an analyst )NP (PP with (NP (NP *UNKC Lawrence , Morgan Grenfell Inc. )NP (PP in (NP New York )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP The *UNK )NP (VP is (ADJP too great )ADJP )VP . )S  STOP
(S (NP (NP Jim *UNKC Industries Ltd. )NP , (NP (NP one )NP (PP of (NP (NP a group )NP (PP of (NP (NP (ADJP closely held )ADJP companies )NP (VP owned (PP by (NP entrepreneur James *UNKC )NP )PP )VP )NP )PP )NP )PP )NP , )NP (VP said (SBAR (S (NP it )NP `` (VP intends (S (VP to (VP seek (NP (NP control )NP '' (PP of (NP (NP *UNKED *UNKC Inc. )NP , (NP a Toronto packaging concern )NP )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Jim *UNKC Industries )NP , (NP (NP a holding company )NP (PP with (NP (NP annual sales )NP (PP of (NP (QP about C$ 1.9 billion )QP )NP )PP , (PP (ADVP largely )ADVP from (NP (NP car *UNK )NP and (NP grocery stores )NP )NP )PP )NP )PP )NP , )NP (VP did n't (VP elaborate (PP on (NP the statement )NP )PP )VP )VP )S , and (S (NP a company official )NP (VP declined (NP further comment )NP )VP )S . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP it )NP (ADVP currently )ADVP (VP holds (NP (NP (QP about 4.2 million )QP )NP (PP of (NP (NP (NP *UNKC 's )NP (QP 13.8 million )QP common shares )NP (ADJP outstanding )ADJP , (SBAR (WHNP which )WHNP (S (VP have (NP (NP an *UNK market value )NP (PP of (NP (NP (QP about *UNKN million )QP Canadian dollars )NP (PRN -LRB- (NP (QP US$ *UNKN million )QP )NP -RRB- )PRN )NP )PP )NP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP *UNKC )NP (VP reported (NP (NP a fourth-quarter loss )NP (PP of (NP (NP (QP about C$ 2.6 million )QP )NP , or (NP (NP 18 Canadian cents )NP (NP a share )NP )NP )NP )PP )NP , (S (VP reflecting (NP inventory *UNK- )NP )VP )S )VP . )S  STOP
(S (NP The results )NP (VP made (S (NP (NP net income )NP (PP for (NP (NP the year )NP (VP ended (NP Aug. 31 )NP )VP )NP )PP )NP (NP (NP (QP C$ 2.7 million )QP )NP , or (NP (NP 20 Canadian cents )NP (NP a share )NP )NP , (ADVP down (PP from (NP (NP (QP C$ *UNKN million )QP )NP , or (NP (NP 70 Canadian cents )NP (NP a share )NP )NP )NP (NP last year )NP )PP )ADVP )NP )S )VP . )S  STOP
(S (NP Revenue )NP (VP was (NP (NP (QP C$ *UNKN million )QP )NP , (ADVP up (PP from (NP (QP C$ *UNKN million )QP )NP (PP in (NP 1988 )NP )PP )PP )ADVP )NP )VP . )S  STOP
(S (NP (NP Martin *UNKC )NP , (NP (NP *UNKC 's )NP (NX (NX president )NX and (NX chief executive )NX )NX )NP , )NP (VP said (SBAR (S (NP *UNKC )NP (VP viewed (NP (NP Mr. *UNKC 's )NP decision (S (VP to (VP seek (NP control )NP )VP )VP )S )NP (PP as (NP a `` (ADJP very positive )ADJP '' move )NP )PP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP I )NP (VP 'm (ADJP happy (SBAR that (S (NP he )NP (VP feels (ADVP *UNKLY )ADVP (PP about (NP our company )NP )PP )VP )S )SBAR )ADJP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP would n't (VP say (ADVP directly )ADVP (SBAR whether (S (NP Mr. *UNKC )NP (VP has (VP disclosed (NP (NP potential terms )NP (PP for (NP (NP his planned bid )NP (PP for (NP control )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP Among (NP other things )NP )PP , (NP *UNKC )NP (VP is (VP involved (PP in (S (VP *UNKING (NP (NP *UNK *UNK products )NP (SBAR (WHNP that )WHNP (S (VP are (ADVP often )ADVP (VP used (PP by (NP (NP fast food chains )NP , (PP such as (NP (NP McDonald 's )NP Corp. )NP )PP )NP )PP , (PP for (NP food packaging )NP )PP )VP )VP )S )SBAR )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP (NP A joint venture )NP (VP involving (NP (NP units )NP (PP of (NP (NP Innopac )NP and (NP Mobil Corp. )NP )NP )PP )NP )VP )NP (NP earlier this year )NP (VP opened (NP the first U.S. *UNK *UNKING plant )NP , (PP in (NP (NP *UNKC )NP , (NP Mass )NP )NP )PP )VP . )S  STOP
(S (S (NP *UNKC *UNKC )NP (VP is (VP being (VP *UNKED (PP by (NP more securities firms )NP )PP )VP )VP )VP )S , but (S (NP big institutional investors )NP (VP are (VP expected (S (VP to (VP continue (NP the practice )NP , (S (ADVP further )ADVP (VP *UNKING (NP the stock market )NP )VP )S )VP )VP )S )VP )VP )S . )S  STOP
(S (S (VP *UNKING (PP to (NP criticism )NP )PP )VP )S , (NP (NP Bear Stearns )NP , (NP Morgan Stanley )NP and (NP Oppenheimer )NP )NP (VP joined (NP PaineWebber )NP (PP in (S (VP *UNKING (NP (NP stock-index arbitrage trading )NP (PP for (NP their own accounts )NP )PP )NP )VP )S )PP )VP . )S  STOP
(S (ADVP Still )ADVP , (NP stock-index funds )NP (VP are (VP expected (S (VP to (VP continue (S (VP launching (NP big programs )NP (PP through (NP the market )NP )PP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (NP Several Big Board firms )NP (VP are (VP *UNKING (S (VP to (VP complain (PP about (NP (NP program trading )NP and (NP (NP (NP the exchange 's )NP role )NP (PP in (NP it )NP )PP )NP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP The effort )NP (VP is (VP being (VP led (PP by (NP Contel )NP )PP )VP )VP )VP . )S  STOP
(S (NP Personal spending )NP (VP rose (NP (NP 0.2 % )NP )NP (PP in (NP September )NP )PP , (NP (NP the smallest gain )NP (PP in (NP a year )NP )PP )NP )VP . )S  STOP
(S (NP The slowdown )NP (VP raises (NP (NP questions )NP (PP about (NP (NP the economy 's )NP strength )NP )PP )NP (SBAR because (S (NP spending )NP (VP fueled (NP (NP much )NP (PP of (NP the third-quarter GNP growth )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP personal income )NP (VP edged (ADVP up (NP 0.3 % )NP )ADVP )VP . )S  STOP
(S (S (NP *UNKC owners )NP (VP are (VP buying (NP new machinery )NP (PP at (NP a healthy rate )NP )PP (NP this fall )NP )VP )VP )S , (NP *UNK- makers )NP (VP say )VP . )S  STOP
(S But (NP weak car sales )NP (VP raise (NP (NP questions )NP (PP about (NP (NP future demand )NP (PP from (NP the auto sector )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Southern 's )NP Gulf Power unit )NP (VP may (VP plead (ADJP guilty )ADJP (NP this week )NP (PP to (NP charges (SBAR (S (NP it )NP (VP (ADVP illegally )ADVP *UNKED (NP company money )NP (PP to (NP politicians )NP )PP (PP through (NP third parties )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP The tentative pact )NP (VP would (VP resolve (NP (NP part )NP (PP of (NP (NP a broad investigation )NP (PP of (NP the *UNKED company )NP )PP (PP in (NP the past year )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP LIN Broadcasting )NP and (NP BellSouth )NP )NP (VP sweetened (NP their plan (S (VP to (VP merge (NP cellular phone operations )NP )VP )VP )S )NP , (S (VP offering (NP LIN holders )NP (NP a special (ADJP $ *UNK- )ADJP *UNK )NP )VP )S )VP . )S  STOP
(S But (NP the new pact )NP (VP will (VP (VP force (NP huge debt )NP (PP on (NP the new firm )NP )PP )VP and (VP could (ADVP still )ADVP (VP fail (S (VP to (VP *UNK (NP rival suitor McCaw Cellular )NP )VP )VP )S )VP )VP )VP )VP . )S  STOP
(S (NP Unisys )NP (VP posted (NP a (ADJP (QP $ *UNKN million )QP )ADJP loss )NP (PP for (NP the third quarter )NP )PP (SBAR as (S (NP it )NP (VP moved (ADVP quickly )ADVP (S (VP to (VP (VP take (NP *UNK- )NP (PP for (NP various problems )NP )PP )VP and (VP prepare (PP for (NP a turnaround )NP )PP )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S But (NP some analysts )NP (VP wonder (SBAR (WHADJP how strong )WHADJP (S (NP the recovery )NP (VP will (VP be )VP )VP )S )SBAR )VP . )S  STOP
(S (NP RJR Nabisco )NP (VP agreed (S (VP to (VP sell (NP three candy businesses )NP (PP to (NP Nestle )NP )PP (PP for (NP (QP $ *UNKN million )QP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The accord )NP (VP (VP helps (S (NP RJR )NP (VP pay (PRT off )PRT (NP debt )NP )VP )S )VP and (VP boosts (NP (NP (NP Nestle 's )NP (ADJP 7 % )ADJP share )NP (PP of (NP the U.S. candy market )NP )PP )NP (PP to (NP 12 % )NP )PP )VP )VP . )S  STOP
(S (NP GM and Ford )NP (VP are (VP expected (S (VP to (VP go (ADVP head to head )ADVP (PP in (NP the markets )NP )PP (S (VP to (VP buy (PRT up )PRT (NP (NP rival (ADJP 15 % )ADJP stakes )NP (PP in (NP Jaguar )NP )PP )NP )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (NP GM )NP (VP confirmed (SBAR (S (NP it )NP (VP received (NP U.S. antitrust clearance (S (VP to (VP boost (NP its holding )NP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Sansui Electric )NP (VP agreed (S (VP to (VP sell (NP a (ADJP 51 % )ADJP stake )NP (PP to (NP (NP Polly Peck )NP (PP of (NP Britain )NP )PP )NP )PP (PP for (NP (QP $ 110 million )QP )NP )PP )VP )VP )S )VP . )S  STOP
(S (ADVP Still )ADVP , (NP analysts )NP (VP said (SBAR (S (NP the accord )NP (VP does n't (VP suggest (SBAR (S (NP Japan )NP (VP is (VP opening (PRT up )PRT (PP to (NP more foreign takeovers )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Kellogg )NP (VP suspended (NP (NP work )NP (PP on (NP a (ADJP (QP $ 1 billion )QP )ADJP cereal plant )NP )PP )NP , (S (VP indicating (NP (NP a pessimistic outlook )NP (PP by (NP (NP the cereal maker )NP , (SBAR (WHNP which )WHNP (S (VP has (VP been (VP losing (NP market share )NP )VP )VP )VP )S )SBAR )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP Insurers )NP (VP could (VP see (NP (NP claims )NP (VP totaling (NP (NP (QP nearly $ 1 billion )QP )NP )NP )VP (PP from (NP the San Francisco earthquake )NP )PP , (ADJP (ADJP far less )ADJP (PP than (NP (NP the (QP $ 4 billion )QP )NP (PP from (NP Hurricane Hugo )NP )PP )NP )PP )ADJP )NP )VP )VP . )S  STOP
(S (NP Nashua )NP (VP strengthened (NP its *UNK- plan )NP (PP after (S (VP announcing (SBAR (S (NP a Dutch firm )NP (VP is (VP seeking (S (VP to (VP buy (NP (NP (QP up to 25 )QP % )NP (PP of (NP the New Hampshire *UNK company )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP )S )PP )VP . )S  STOP
(S (NP Mobil )NP (VP is (VP cutting (PRT back )PRT (NP its U.S. oil and gas exploration and production group )NP (PP by (NP (QP up to 15 )QP % )NP )PP (PP as (NP (NP part )NP (PP of (NP (NP a restructuring )NP (PP of (NP the business )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(NP Markets -- )NP  STOP
(NP (NP Stocks )NP : (S (NP Volume )NP (NP *UNKN shares )NP )S . )NP  STOP
(S (S (NP Dow Jones industrials )NP (NP (NP *UNKN )NP , (ADVP off (NP *UNKN )NP )ADVP )NP )S ; (S (NP transportation )NP (NP (NP *UNKN )NP , (ADVP off (NP *UNKN )NP )ADVP )NP )S ; (S (NP utilities )NP (NP (NP *UNKN )NP , (ADVP up (NP *UNKN )NP )ADVP )NP )S . )S  STOP
(NP (NP Bonds )NP : (S (NP Shearson Lehman Hutton Treasury index )NP (NP (NP *UNKN )NP , (ADVP off )ADVP )NP )S )NP  STOP
(NP (NP Commodities )NP : (S (S (NP Dow Jones futures index )NP (NP (NP *UNKN )NP , (ADVP up (NP *UNKN )NP )ADVP )NP )S ; (S (NP spot index )NP (NP (NP *UNKN )NP , (ADVP off (NP *UNKN )NP )ADVP )NP )S )S . )NP  STOP
(S (NP Dollar )NP : (NP (NP (NP *UNKN )NP yen , (ADVP off (NP *UNKN )NP )ADVP )NP ; (NP (NP *UNKN marks )NP , (ADVP off (NP *UNKN )NP )ADVP )NP )NP . )S  STOP
(S -LRB- (PP During (NP its centennial year )NP )PP , (NP The Wall Street Journal )NP (VP will (VP report (NP (NP events )NP (PP of (NP the past century )NP )PP (SBAR (WHNP that )WHNP (S (VP stand (PP as (NP (NP milestones )NP (PP of (NP American business history )NP )PP )NP )PP )VP )S )SBAR )NP )VP )VP . -RRB- )S  STOP
(S (NP Thomas *UNKC )NP (VP sold (NP Congress )NP (PP on (NP (NP the idea )NP (PP of (NP (NP the *UNK system )NP (PP for (NP currency )NP )PP )NP )PP )NP )PP , (S (ADVP thus )ADVP (VP saving (NP Americans )NP (NP (NP the *UNK )NP (PP of (NP pounds , *UNK and pence )NP )PP )NP )VP )S )VP . )S  STOP
(S But (NP he )NP (VP struck (PRT out )PRT (PP with (NP (NP the *UNK system )NP (PP of (NP metric *UNK and measures )NP )PP (SBAR (S (NP the French )NP (VP had (VP *UNKED )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (ADVP Instead )ADVP , (NP Congress )NP (VP *UNKED (PP for (NP (NP the inches , feet and *UNK )NP (SBAR (S (NP the *UNK )NP (VP had (VP brought (PP with (NP them )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (S (NP Americans )NP (VP did n't (VP *UNK (NP *UNK )NP )VP )VP )S ; (S (NP they )NP (ADVP simply )ADVP (VP ignored (NP them )NP )VP )S . )S  STOP
(S (NP Scientists )NP (VP felt (ADVP differently )ADVP )VP . )S  STOP
(S (PP In (NP *UNKN )NP )PP , (NP (NP the Swiss *UNK )NP (SBAR (WHNP who )WHNP (S (VP headed (NP the (UCP U.S. Coast and *UNKC )UCP *UNKC )NP )VP )S )SBAR )NP (VP made (S (NP (NP an `` iron *UNK '' )NP (SBAR (WHNP that )WHNP (S (NP he )NP (VP had (VP brought (PP from (NP Europe )NP )PP )VP )VP )S )SBAR )NP (NP (NP the standard )NP (PP of (NP measure )NP )PP )NP )S )VP . )S  STOP
(S (PP By (NP (NP the end )NP (PP of (NP the century )NP )PP )NP )PP (NP scientists )NP (VP had (VP embraced (NP the system )NP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP took (NP their *UNK )NP (PP from (NP the engineers )NP )PP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP Congress )NP (ADVP finally )ADVP (VP passed (NP the *UNKC *UNKC Act )NP (PP in (NP 1975 )NP )PP )VP )S )SBAR , (NP industry )NP (VP was (ADVP far ahead )ADVP )VP . )S  STOP
(S (SBAR Because (S (NP the law )NP (VP made (S (NP compliance )NP (ADJP *UNK )ADJP )S )VP )S )SBAR , (NP it )NP (VP inspired (NP (NP little more )NP (PP than (NP *UNK )NP )PP )NP )VP . )S  STOP
(S -LRB- (NP The press )NP (VP had (NP a field day )NP (PP with (NP (NP questions )NP (PP about (SBAR (WHNP what )WHNP (S (VP would (VP happen (PP to (NP `` *UNK- , '' `` *UNK '' and `` *UNK )NP )PP )VP )VP )S )SBAR )PP )NP )PP )VP . '' -RRB- )S  STOP
(S (NP Today )NP , (SBAR though (S (NP the public )NP (VP is (ADJP barely aware )ADJP )VP )S )SBAR , (NP (NP (NP much )NP (PP of (NP U.S. industry )NP )PP )NP , (ADVP particularly )ADVP (NP (NP companies )NP (VP manufacturing or selling (ADVP overseas )ADVP )VP )NP , )NP (VP have (VP made (S (NP *UNK )NP (ADJP routine )ADJP )S )VP )VP . )S  STOP
(S (NP General Motors )NP , (PP for (NP example )NP )PP , (VP uses (NP metric terms )NP (PP for (NP its (NX (NX automobile *UNK )NX and (NX power *UNK )NX )NX )NP )PP )VP . )S  STOP
(S -LRB- (PP In (NP auto advertising )NP )PP , (ADVP however )ADVP , (NP (NP items )NP (PP such as (NP *UNK )NP )PP )NP (VP are (ADVP still )ADVP (VP described (PP in (NP inches )NP )PP )VP )VP . -RRB- )S  STOP
(S (NP (NP *UNKC makers )NP (PP such as (NP *UNKC and *UNKC )NP )PP )NP (VP work (PP in (NP the metric system )NP )PP )VP . )S  STOP
(S (NP The liquor industry )NP (VP went (ADJP metric )ADJP (ADVP (NP 10 years )NP ago )ADVP )VP . )S  STOP
(S (NP The Pentagon )NP (VP has (VP led (NP the charge )NP , (SBAR (ADVP particularly )ADVP as (S (NP military alliances )NP (VP spread (ADVP world-wide )ADVP )VP )S )SBAR )VP )VP . )S  STOP
(SINV (S (NP New weapons systems )NP (VP will (VP be (ADVP around )ADVP (PP until (NP the next century )NP )PP )VP )VP )S , (VP notes )VP (NP (NP John *UNKC )NP , (NP (NP the Defense Department 's )NP metric *UNK )NP )NP . )SINV  STOP
(S (ADVP Still )ADVP , (PP like (NP the auto makers )NP )PP , (SBAR (WHADVP when )WHADVP (S (VP dealing (PP with (NP Mr. *UNKC )NP )PP )VP )S )SBAR (NP the Pentagon )NP (VP *UNK (PP to (NP the (ADJP tried and true )ADJP )NP )PP )VP . )S  STOP
(S (NP *UNKC and *UNK )NP (VP are (ADVP still )ADVP (VP measured (PP in (NP inches and pounds )NP )PP )VP )VP . )S  STOP
(S (NP (NP Whittle Communications *UNKC )NP , (SBAR (WHNP which )WHNP (S (PP for (NP months )NP )PP (VP has (VP fought (NP (NP a public relations battle )NP (PP with (NP education leaders )NP )PP )NP )VP )VP )S )SBAR , )NP (VP said (SBAR (S (NP it )NP (VP has (VP signed (S (NP (NP 500 schools )NP (PP in (NP 24 states )NP )PP )NP (VP to (VP *UNK (PP to (NP (NP the controversial Channel One news program )NP and (NP its sister programs )NP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Channel One )NP , (NP (NP a *UNKED daily program )NP (VP supported (PP by (NP advertising )NP )PP )VP )NP , )NP (VP is (VP scheduled (S (VP to (VP be (VP launched (NP next March )NP )VP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP Whittle )NP (VP said (SBAR (S (NP its field staff )NP (VP signed (PRT up )PRT (NP (NP the 500 schools )NP (PP in (NP *UNKN school districts )NP )PP )NP (PP after (NP (QP only eight )QP weeks )NP )PP )VP )S )SBAR )VP )S and (S (NP company executives )NP (ADVP now )ADVP (VP expect (S (VP to (VP reach (NP (NP their start-up goal )NP (PP of (NP 1,000 schools )NP )PP )NP (PP before (NP (NP the end )NP (PP of (NP this year )NP )PP )NP )PP )VP )VP )S )VP )S . )S  STOP
(S (NP (NP Christopher Whittle )NP , (NP (NP chairman )NP (PP of (NP (NP the (NAC *UNKC , Tenn. , )NAC media company )NP (SBAR (WHNP that )WHNP (S (VP is (ADJP (NP 50 % )NP owned (PP by (NP Time Warner Inc. )NP )PP )ADJP )VP )S )SBAR )NP )PP )NP , )NP (VP said (SBAR that (S (PP by (NP December 1990 )NP )PP (NP he )NP (VP expects (S (VP to (VP have (S (NP Channel One )NP (VP installed (PP in (NP (NP (QP about 8,000 )QP schools )NP (PP with (NP (NP a potential audience )NP (PP of (NP six million )NP )PP )NP )PP )NP )PP )VP )S )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP the TV system )NP )PP , (SBAR (WHNP which )WHNP (S (VP includes (S (VP providing (NP free *UNK- TV sets )NP (PP in (NP *UNK )NP )PP )VP )S )VP )S )SBAR , )NP (VP begins (PP in (NP January )NP )PP )VP . )S  STOP
(SINV `` (S (SBAR (WHNP What )WHNP (S (NP we )NP (VP 've (VP done (PP in (NP eight weeks )NP )PP )VP )VP )S )SBAR (VP shows (SBAR (S (NP we )NP (VP wo n't (VP have (NP (NP enormous difficulties )NP (S (VP getting (PP to (NP (NP the place )NP (SBAR (S (NP we )NP (VP want (S (VP to (VP be )VP )VP )S )VP )S )SBAR )NP )PP )VP )S )NP )VP )VP )S )SBAR )VP )S , '' (VP said )VP (NP Mr. Whittle )NP . )SINV  STOP
(S (NP He )NP (VP said (SBAR (S (NP his sales force )NP (VP is (VP signing (PRT up )PRT (NP schools )NP (PP at (NP (NP the rate )NP (PP of (NP (NP 25 )NP (NP a day )NP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP California )NP and (NP New York )NP )NP )PP , (NP state officials )NP (VP have (VP opposed (NP Channel One )NP )VP )VP . )S  STOP
(S (NP Mr. Whittle )NP (VP said (SBAR (S (NP (NP (ADJP private and *UNK )ADJP schools )NP (PP in (NP both states )NP )PP )NP (VP will (VP be (VP *UNKED (S (VP to (VP see (SBAR if (S (NP they )NP (VP are (ADJP interested (PP in (S (VP getting (NP the programs )NP )VP )S )PP )ADJP )VP )S )SBAR )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKING schools )NP (VP get (NP (NP the *UNK- daily Channel One news program )NP , (SBAR (WHNP (WHNP whose four *UNK- TV ads )WHNP (PP during (NP each show )NP )PP )WHNP (S (VP have (VP drawn (NP protests )NP (PP from (NP *UNK )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP *UNKC )NP (ADVP also )ADVP (VP get (NP (NP the *UNKC Channel )NP , (SBAR (WHNP which )WHNP (S (VP will (VP feature (NP (NP (NP *UNK- educational programming )NP (ADJP similar (PP to (NP some *UNK- shows )NP )PP )ADJP )NP , and (NP (NP (NP the *UNKC 's )NP Channel )NP , (SBAR (WHNP which )WHNP (S (VP (VP will (VP offer (NP (NP *UNK programming )NP (PP for (NP (NP teachers )NP and (NP school *UNK )NP )NP )PP )NP )VP )VP and (VP will (VP be (VP supported (PP by (NP advertising )NP )PP )VP )VP )VP )VP )S )SBAR )NP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Whittle )NP (VP has (VP met (NP some resistance )NP )VP )VP . )S  STOP
(S (S (NP (NP The *UNKC Network )NP , (SBAR as (S (NP Mr. Whittle )NP (VP has (VP named (NP the three programs )NP )VP )VP )S )SBAR , )NP (VP has (VP been (VP offered (PP to (NP *UNKN school districts )NP )PP )VP )VP )VP )S and (S (NP Whittle )NP (VP continues (S (VP to (VP negotiate (PP with (NP *UNKN districts )NP )PP )VP )VP )S )VP )S . )S  STOP
(S (NP (NP (QP About 10 )QP % )NP (PP of (NP the school districts )NP )PP (VP approached )VP )NP (VP have (VP rejected (NP the network )NP )VP )VP . )S  STOP
(S (NP Mr. Whittle )NP (VP said (SBAR that (S (ADVP so far )ADVP , (NP (NP three )NP (PP of (NP (NP the six schools )NP (SBAR (WHNP that )WHNP (S (VP carried (NP the program )NP (PP in (NP (NP a *UNK- test )NP (NP last spring )NP )NP )PP )VP )S )SBAR )NP )PP )NP (VP have (VP *UNKED (PP to (NP the program )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP One )NP (PP of (NP the test schools )NP )PP )NP , (NP (NP *UNKC High School )NP (PP in (NP Cincinnati )NP )PP )NP , )NP (VP rejected (NP the project )NP )VP . )S  STOP
(S (NP (NP John *UNKC )NP , (NP (NP associate director )NP (PP of (NP communications )NP )PP (PP for (NP Cincinnati Public *UNKC )NP )PP )NP , )NP (VP said (SBAR (S (NP Channel One )NP (VP was (VP rejected (SBAR because (S (S (NP (NP students )NP (VP watching (NP the program )NP )VP )NP (VP did n't (VP fare (ADVP (ADVP particularly better )ADVP )ADVP (PP on (NP a *UNK- current events *UNK )NP )PP (PP than (NP (NP a control school )NP (PP without (NP the program )NP )PP )NP )PP )VP )VP )S and (S (NP school *UNK )NP (VP were (ADJP almost unchanged )ADJP (PP during (NP (NP the period )NP (SBAR (WHADVP when )WHADVP (S (NP the program )NP (VP was (VP being (VP *UNKED )VP )VP )VP )S )SBAR )NP )PP )VP )S )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (S (NP (NP The number )NP (PP of (NP correct *UNK )NP )PP )NP (VP was (NP 45 % )NP (PP on (NP the test )NP )PP )VP )S and (S (NP school *UNK )NP (VP did n't (VP change (ADVP much )ADVP )VP )VP )S )S , '' (VP said )VP (NP Mr. *UNKC )NP . )S  STOP
(S `` (S (NP The pilot program )NP (VP was (VP received (ADVP well )ADVP (PRN -LRB- (PP by (NP teachers and students )NP )PP -RRB- )PRN )VP )VP )S , but (S (NP there )NP (VP was n't (NP (NP reason )NP (ADJP enough (S (VP to (VP sign (PRT up )PRT )VP )VP )S )ADJP )NP )VP )S . )S  STOP
(S (S (NP We )NP (ADVP even )ADVP (VP invited (NP the public )NP (S (VP to (VP (VP stop (PRT by )PRT )VP and (VP see (NP the program )NP )VP )VP )VP )S )VP )S , but (S (NP there )NP (VP was n't (NP much interest )NP )VP )S . '' )S  STOP
(S (NP *UNKC )NP (VP are (VP showing (NP interest )NP )VP )VP . )S  STOP
(S (NP Last month )NP , (NP Whittle )NP (VP announced (SBAR (S (NP it )NP (VP had (VP sold (NP (NP (QP $ 150 million )QP )NP (PP in (NP advertising time )NP )PP )NP (PP on (NP the network )NP )PP (PP to (NP national advertisers )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Whittle )NP (NP Friday )NP (VP said (SBAR (S (NP (ADVP several more )ADVP advertisers )NP (VP have (VP been (VP added )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Whittle )NP (VP is (VP spending (NP (QP $ 150 million )QP )NP (ADVP initially )ADVP (S (VP to (VP launch (NP the network )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP of (NP (NP satellite *UNK )NP , (NP *UNKC )NP and (NP *UNK equipment )NP )NP )PP )NP (VP will (VP cost (NP the company )NP (NP (NP (QP about $ 20,000 )QP )NP (PP per (NP school )NP )PP )NP )VP )VP )S , (NP Mr. Whittle )NP (VP said )VP . )S  STOP
(S (NP The following (UCP U.S. Treasury , corporate and municipal )UCP offerings )NP (VP are (VP (ADVP tentatively )ADVP scheduled (PP for (NP (NP sale )NP (NP this week )NP )NP )PP , (PP according (PP to (NP Dow Jones Capital Markets Report )NP )PP )PP )VP )VP : )S  STOP
(NP (NP (QP $ *UNKN billion )QP )NP (PP of (NP (ADJP three-month and six-month )ADJP bills )NP )PP . )NP  STOP
(NP (NP (QP $ 2 billion )QP )NP (PP of (NP *UNK- cash management bills )NP )PP . )NP  STOP
(NP (NP *UNKED Natural Gas Corp. )NP -- (NP (NP (QP 1.4 million )QP common shares )NP , (PP via (NP *UNKC *UNKC & Co )NP )PP )NP . )NP  STOP
(NP (NP B & *UNK *UNKC *UNKC Ltd. )NP -- (NP (NP (QP Four million )QP common shares )NP , (PP via (NP Salomon Brothers Inc )NP )PP )NP . )NP  STOP
(NP (NP Chemical Banking Corp. )NP -- (NP (NP (QP 14 million )QP common shares )NP , (PP via (NP Goldman , Sachs & Co )NP )PP )NP . )NP  STOP
(NP (NP *UNKC Pharmaceuticals Inc. )NP -- (NP (NP (QP 1.2 million )QP units )NP (VP consisting (PP of (NP (NP (NP two shares )NP (PP of (NP common stock )NP )PP )NP and (NP one common warrant )NP , (PP via (NP PaineWebber Inc )NP )PP )NP )PP )VP )NP . )NP  STOP
(NP (NP *UNKC Corp. )NP -- (NP (NP (ADJP (QP $ 150 million )QP )ADJP convertible debentures )NP , (PP via (NP Merrill Lynch Capital Markets )NP )PP )NP . )NP  STOP
(NP (NP Energy Service Co. )NP -- (NP (NP (QP 9.5 million )QP common shares )NP , (PP via (NP Alex )NP )PP )NP . )NP  STOP
(NP Brown & Sons Inc . )NP  STOP
(NP (NP *UNKC Bancorp Inc. )NP -- (NP (NP *UNKN common shares )NP , (PP via (NP Shearson Lehman Hutton Inc )NP )PP )NP . )NP  STOP
(NP (NP *UNKC Inc. )NP -- (NP (NP (QP Two million )QP common shares )NP , (PP via (NP Kidder , Peabody & Co )NP )PP )NP . )NP  STOP
(NP (NP *UNKC *UNKC Corp. )NP -- (NP (NP (QP Three million )QP common shares )NP , (PP via (NP Merrill Lynch )NP )PP )NP . )NP  STOP
(NP (NP *UNKC Pharmaceuticals Inc. )NP -- (NP (NP (QP 1.3 million )QP common shares )NP , (PP via (NP Smith Barney Harris Upham & Co )NP )PP )NP . )NP  STOP
(NP (NP (NP *UNKC Corp. )NP (PP of (NP *UNKC Inc. )NP )PP )NP -- (NP (NP (QP 13 million )QP common shares )NP , (PP via (NP Merrill Lynch )NP )PP )NP . )NP  STOP
(FRAG Municipal )FRAG  STOP
(NP (NP New Jersey *UNKC *UNKC Trust )NP -- (NP (NP $ *UNKN )NP (PP of (NP various bonds )NP )PP , (PP including (NP (NP (NP (ADJP (QP $ *UNKN million )QP )ADJP *UNKC *UNKC insured bonds )NP , (NP Series *UNK )NP )NP , and (NP (NP (ADJP (QP $ *UNKN )QP )ADJP *UNKC *UNKC bonds )NP , (NP Series *UNK )NP )NP , (PP via (NP competitive bid )NP )PP )NP )PP )NP . )NP  STOP
(NP (NP (NP Eastern Municipal Water District )NP , (NP Calif. )NP )NP -- (NP (NP (NP $ *UNKN )NP (PP of (NP (NP 1989 certificates )NP (PP of (NP participation )NP )PP )NP )PP )NP (PRN -LRB- (NP treatment plant projects )NP -RRB- )PRN , (PP via (NP competitive bid )NP )PP )NP . )NP  STOP
(NP (NP California Health *UNKC *UNKING Authority )NP -- (NP (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP health facility revenue bonds )NP )PP )NP (PRN -LRB- (NP *UNKC Healthcare West )NP -RRB- )PRN , (NP Series *UNK )NP , (PP via (NP a First Boston Corp. group )NP )PP )NP . )NP  STOP
(NP (NP Detroit )NP -- (NP (NP (QP $ 130 million )QP )NP (PP of (NP *UNK state aid bonds )NP )PP , (PP via (NP a Chemical Securities Inc. group )NP )PP )NP . )NP  STOP
(NP (NP (NP Maryland Community Development Administration )NP , (NP (NP Department )NP (PP of (NP Housing and Community Development )NP )PP )NP )NP -- (NP (NP (NP (QP $ 80 million )QP )NP (PP of (NP *UNKLY program bonds )NP )PP )NP , (NP 1989 (ADJP *UNK and *UNK )ADJP Series )NP , (PP via (NP a Merrill Lynch group )NP )PP )NP . )NP  STOP
(NP (NP (NP *UNKC County Navigation District No. 1 )NP , (NP Texas )NP )NP -- (NP (NP (NP $ *UNKN )NP (PP of (NP pollution control revenue *UNKC *UNKC Tax (PRN -LRB- *UNKC -RRB- )PRN bonds )NP )PP )NP (PRN -LRB- (NP (NP South Texas Project *UNKC )NP (ADJP No. 1 and 2 )ADJP )NP -RRB- )PRN , (PP via (NP a Goldman Sachs group )NP )PP )NP . )NP  STOP
(NP (NP New York City )NP -- (NP (NP (NP $ *UNKN )NP (PP of (NP bonds )NP )PP )NP , (NP *UNKC 1990 Series C and D )NP , (PP including (NP (NP (ADJP (QP $ *UNKN million )QP )ADJP tax-exempt bonds )NP and (NP (ADJP (QP $ *UNKN million )QP )ADJP taxable bonds )NP )NP )PP , (PP via (NP a Goldman Sachs group )NP )PP )NP . )NP  STOP
(NP (NP Santa *UNKC *UNKC Agency )NP -- (NP (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP tax *UNK bonds )NP )PP )NP , (NP (NP 1989 )NP (NP Series *UNKC )NP )NP , (PP via (NP a Donaldson Lufkin & Jenrette Securities Corp. group )NP )PP )NP . )NP  STOP
(NP (NP (NP *UNKING *UNKC County )NP , (NP Tenn. )NP )NP -- (NP (NP (NP (QP $ 80 million )QP )NP (PP of (NP refunding bonds )NP )PP )NP , (NP Series 1989 )NP , (PP via (NP a First Tennessee Bank group )NP )PP )NP . )NP  STOP
(S (NP Hewlett-Packard Co. )NP (VP said (SBAR (S (NP it )NP (VP raised (NP (NP its stake )NP (PP in (NP *UNKC Communications Corp. )NP )PP )NP (PP to (NP (NP 8.5 % )NP (PP of (NP (NP the common shares )NP (ADJP outstanding )ADJP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP a Securities and Exchange Commission filing )NP )PP , (NP Hewlett-Packard )NP (VP said (SBAR (S (NP it )NP (ADVP now )ADVP (VP holds (NP (NP *UNKN *UNKC common shares )NP , (PP including (NP (NP 100,000 shares )NP (VP bought (PP (PP from (NP Aug. 26 )NP )PP (PP to (NP Oct. 20 )NP )PP )PP (PP for (NP (NP (QP $ *UNKN to $ *UNKN )QP )NP (NP a share )NP )NP )PP )VP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Hewlett-Packard )NP , (NP a (NAC Palo Alto , Calif. , )NAC computer company )NP , )NP (VP said (SBAR (S (NP it )NP (VP acquired (NP the stock )NP `` (S (VP to (VP develop and maintain (NP (NP a strategic partnership )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP each company )NP (VP remains (ADJP independent )ADJP (SBAR while (S (VP working (ADVP together )ADVP (S (VP to (VP market and sell (NP their products )NP )VP )VP )S )VP )S )SBAR )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )VP . '' )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP the purchase )NP (VP was (VP expected )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Hewlett-Packard )NP (VP *UNKED (SBAR (S (NP it )NP (VP does n't (VP plan (S (VP to (VP obtain (NP (NP control )NP (PP of (NP (NP *UNKC )NP , (NP (NP a (NAC *UNKC , Calif. , )NAC maker )NP (PP of (NP *UNKING systems )NP )PP )NP )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP According (PP to (NP the filing )NP )PP )PP , (NP Hewlett-Packard )NP (VP acquired (NP *UNKN common shares )NP (PP from (NP *UNKC )NP )PP (PP as (NP (NP a result )NP (PP of (NP an (NAC Aug. 10 , 1988 , )NAC stock purchase agreement )NP )PP )NP )PP )VP . )S  STOP
(S (NP That accord )NP (ADVP also )ADVP (VP called (SBAR for (S (NP Hewlett-Packard )NP (VP to (VP buy (NP *UNKN *UNKC shares )NP (PP in (NP the open market )NP )PP (PP within (NP 18 months )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP Hewlett-Packard )NP (VP acquired (NP a two-year option (S (VP to (VP buy (NP (NP an extra 10 % )NP , (SBAR (WHPP of (WHNP which )WHNP )WHPP (S (NP (NP half )NP )NP (VP may (VP be (VP sold (ADVP directly )ADVP (PP to (NP Hewlett-Packard )NP )PP (PP by (NP Octel )NP )PP )VP )VP )VP )S )SBAR )NP )VP )VP )S )NP )VP . )S  STOP
(SINV (ADJP Following )ADJP (VP is )VP (NP (NP a weekly listing )NP (PP of (NP (NP *UNKED net asset values )NP (PP of (NP (NP (ADJP publicly traded )ADJP investment fund shares )NP , (VP reported (PP by (NP the companies )NP )PP (PP as (PP of (NP (NP Friday 's )NP close )NP )PP )PP )VP )NP )PP )NP )PP )NP . )SINV  STOP
(SINV (ADVP Also )ADVP (VP shown )VP (VP is )VP (NP (NP (NP the closing listed market price )NP or (NP a *UNK- asked price )NP )NP (PP of (NP (NP each fund 's )NP shares )NP )PP , (PP with (NP (NP the percentage )NP (PP of (NP difference )NP )PP )NP )PP )NP . )SINV  STOP
(NP *UNKED *UNKC Bond *UNKC )NP  STOP
(NP *UNKC Portfolio Funds )NP  STOP
(NP Specialized Equity and *UNKC Funds )NP  STOP
(X (X a )X - (NP *UNKC )NP . )X  STOP
(X (X *UNK )X - (PP As (PP of (NP (NP Thursday 's )NP close )NP )PP )PP . )X  STOP
(X (X *UNK )X - (VP *UNKED (PP at (NP Commercial *UNKC exchange rate )NP )PP )VP . )X  STOP
(X (X *UNK )X - (PP In (NP Canadian dollars )NP )PP . )X  STOP
(X (X *UNK )X - (PP As (PP of (NP (NP Wednesday 's )NP close )NP )PP )PP . )X  STOP
(X (X *UNK )X - (ADJP Not available )ADJP . )X  STOP
(INTJ *UNKC ! *UNKC ! )INTJ  STOP
(S (ADVP *UNKC )ADVP (PP in (NP two weeks )NP )PP (NP (NP the *UNKING )NP (PP of (NP the *UNK- , *UNK- UAL buy-out )NP )PP )NP (VP *UNKED (NP the stock market )NP )VP . )S  STOP
(S (ADVP Now )ADVP , (NP stock prices )NP (VP seem (S (VP to (VP be (PP in (NP a general retreat )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP Since (S (VP *UNKING (PP at (NP *UNKN )NP )PP (PP on (NP Oct. 9 )NP )PP )VP )S )PP , (NP the Dow Jones Industrial Average )NP (VP has (VP lost (NP (NP *UNKN points )NP , or (NP 7 % )NP )NP , (S (VP closing (NP Friday )NP (PP at (NP *UNKN )NP )PP , (ADVP down (NP *UNKN )NP )ADVP )VP )S )VP )VP . )S  STOP
(S (NP (NP The number )NP (PP of (NP (NP issues )NP (VP falling (PP on (NP the New York Stock Exchange )NP )PP (NP each day )NP )VP )NP )PP )NP (VP is (VP *UNKING (NP (NP the number )NP (PP of (NP *UNK )NP )PP )NP )VP )VP . )S  STOP
(S And (NP (NP the number )NP (PP of (NP (NP stocks )NP (VP hitting (NP new lows )NP )VP )NP )PP )NP (VP (ADVP far )ADVP *UNK (NP (NP the number )NP (VP setting (NP new highs )NP )VP )NP )VP . )S  STOP
(SBARQ But (WHADVP why )WHADVP (SQ should (NP an *UNK (ADJP (QP $ 6.79 billion )QP )ADJP leveraged buy-out deal )NP (VP shake (NP (NP the *UNK )NP (PP of (NP the entire stock market )NP )PP )NP )VP )SQ ? )SBARQ  STOP
(S (S (NP (NP *UNKC )NP )NP (VP vary (PP about (SBAR (WHADJP how important )WHADJP (S (NP the UAL deal )NP (VP was (PP to (NP (NP the market 's )NP health )NP )PP )VP )S )SBAR )PP )VP )S , but (S (NP analysts )NP (ADVP generally )ADVP (VP agree (SBAR that (S (NP (NP the market gyrations )NP (VP created (SBAR as (S (NP the UAL plan )NP (VP *UNKED )VP )S )SBAR )VP )NP (VP *UNKED (NP (NP a fundamental change )NP (PP in (NP investor psychology )NP )PP )NP )VP )S )SBAR )VP )S . )S  STOP
(SINV `` (S (SBAR If (S (NP this )NP (VP had (VP happened (ADVP (NP a few months )NP ago )ADVP (SBAR (WHADVP when )WHADVP (S (NP the atmosphere )NP (VP was (ADVP still )ADVP (ADJP very positive )ADJP )VP )S )SBAR )VP )VP )S )SBAR (NP it )NP (VP would n't (VP have (VP been (VP *UNKED (PP with (NP (NP anything )NP (PP like (NP (NP the impact )NP (SBAR (S (NP it )NP (VP has (VP had (PP over (NP the past two weeks )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )VP )VP )S , '' (VP says )VP (NP (NP Dennis *UNKC )NP , (NP (NP a market strategist )NP (PP at (NP Kidder Peabody )NP )PP )NP )NP . )SINV  STOP
(S (NP There )NP (VP are , (PP of (NP course )NP )PP , (NP (NP analysts )NP (SBAR (WHNP who )WHNP (S (VP view (NP (NP the *UNK- )NP (SBAR (WHNP that )WHNP (S (ADVP *UNKLY )ADVP (VP *UNK (PP through (NP investors )NP )PP (PP (PP on (NP Oct. 13 )NP )PP and (ADVP again )ADVP (PP on (NP Oct. 24 )NP )PP )PP )VP )S )SBAR )NP (PP as (NP (NP *UNK *UNK )NP (PP of (NP good judgment )NP )PP (SBAR (WHNP that )WHNP (S (VP have (ADVP only temporarily )ADVP (VP *UNKED (NP a healthy stock market )NP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (S (INTJ *UNKC )INTJ , (S (NP price action )NP (VP is (ADJP volatile )ADJP )VP )S and (S (NP that )NP (VP 's (ADJP *UNK )ADJP )VP )S )S , but (S (ADVP *UNK- )ADVP (NP stocks )NP (VP are (ADVP still )ADVP (NP (NP a good place )NP (SBAR (S (VP to (VP be )VP )VP )S )SBAR )NP )VP )S )S , (NP they )NP (VP suggest )VP . )S  STOP
(SINV (S (NP (NP The reaction )NP (PP to (NP the UAL *UNK )NP )PP )NP `` (VP is (ADJP *UNK )ADJP )VP )S , '' (VP says )VP (NP (NP John *UNKLY )NP , (NP (NP chief market strategist )NP (PP at (NP Dean Witter )NP )PP )NP )NP . )SINV  STOP
(S `` (NP UAL )NP (VP is (NP a small deal )NP (ADVP (ADVP as far )ADVP (SBAR as (S (NP the overall market )NP (VP is (VP concerned )VP )VP )S )SBAR )ADVP )VP . )S  STOP
(S (NP (NP The only way )NP (SBAR (S (NP you )NP (VP can (VP make (S (NP it )NP (NP a big deal )NP )S )VP )VP )S )SBAR )NP (VP is (S (VP to (VP draw (NP (NP *UNK )NP (SBAR (WHNP that )WHNP (S (ADVP just )ADVP (VP do n't (VP make (NP sense )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP . '' )S  STOP
(S (NP He )NP (VP suggests , (PP for (NP example )NP )PP , (SBAR that (S (NP investors )NP (VP may (VP have (VP assumed (SBAR that (S (SBAR (ADVP just )ADVP because (S (NP UAL )NP (VP could n't (VP get (NP financing )NP )VP )VP )S )SBAR , (NP no leveraged buy-outs )NP (VP can (VP get (NP financing )NP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (VP *UNKED (ADVP even further )ADVP )VP )S , (NP some investors )NP (VP assumed (SBAR that (S (SBAR since (S (NP leveraged buy-outs )NP (VP are (NP (NP the only thing )NP (VP *UNKING (PRT up )PRT (NP stock prices )NP )VP )NP )VP )S )SBAR , (NP the market )NP (VP would (VP collapse (SBAR if (S (NP no more *UNKC )NP (VP could (VP be (VP done )VP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP There )NP (VP will (ADVP still )ADVP (VP be (NP deals )NP )VP )VP )S , '' (VP argues )VP (NP Mr. *UNKLY )NP . )SINV  STOP
(S `` (S (NP There )NP (VP may not (VP be (ADJP as many )ADJP )VP )VP )S and (S (NP the buyers )NP (VP may not (VP get (PRT away )PRT (PP with (NP (NP some )NP (PP of (NP (NP the things )NP (SBAR (S (NP they )NP (VP 've (VP done (PP in (NP the past )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S , but (S (NP deals )NP (VP wo n't (VP *UNK )VP )VP )S . '' )S  STOP
(S (NP He )NP (VP forecasts (SBAR that (S (NP (NP the emphasis )NP (PP in (NP mergers and acquisitions )NP )PP )NP (VP may (ADVP soon )ADVP (VP return (PP to (SBAR (WHNP what )WHNP (S (NP he )NP (VP calls (S (NP `` (NP strategic deals )NP , (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP somebody )NP (VP is (VP taking (PRT over )PRT (NP a company )NP (UCP not (S (VP to (VP milk (NP the cash flow )NP )VP )VP )S , but (SBAR because (S (NP it )NP (VP 's (NP a good fit )NP )VP )S )SBAR )UCP )VP )VP )S )SBAR )NP )S )VP )S )SBAR )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S And (PP (ADVP even )ADVP without (NP deals )NP )PP , (NP Mr. *UNKLY )NP (VP figures (SBAR (S (NP the market )NP (VP would (VP remain (ADJP healthy )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP notes , (PP for (NP instance )NP )PP , (SBAR that (S (S (NP there )NP (VP has n't (VP been (NP a merger or acquisition )NP (PP among (NP (NP the 30 stocks )NP (PP in (NP the Dow Jones Industrial Average )NP )PP )NP )PP (PP since (NP 1986 )NP )PP )VP )VP )S , yet (S (NP that average )NP (ADVP (NP (QP only three )QP weeks )NP ago )ADVP (VP hit (NP a record high )NP )VP )S )S )SBAR )VP . )S  STOP
(S `` (S (NP Those stocks )NP (VP are (ADVP up )ADVP (SBAR because (S (S (NP their earnings )NP (VP are (ADVP up )ADVP )VP )S and (S (NP their dividends )NP (VP are (ADVP up )ADVP )VP )S )S )SBAR )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP (NP Even the volatility )NP (VP created (PP by (NP (NP stock index arbitrage )NP and (NP other computer-driven trading strategies )NP )NP )PP )VP )NP (VP is n't (ADJP entirely bad )ADJP , (PP in (NP (NP Mr. *UNKLY 's )NP view )NP )PP )VP . )S  STOP
(S (PP For (NP (NP the long-term investor )NP (SBAR (WHNP who )WHNP (S (VP *UNK (NP stocks )NP (ADVP carefully )ADVP )VP )S )SBAR )NP )PP , (NP the price volatility )NP (VP can (VP provide (NP welcome buying opportunities )NP (SBAR as (S (NP short-term players )NP (VP *UNK (ADVP *UNKLY )ADVP (S (VP to (VP sell (NP stocks )NP (PP in (NP (NP a matter )NP (PP of (NP minutes )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S `` (SBARQ (WHNP (WHNP Who )WHNP )WHNP (SQ can (VP make (NP the better decision )NP , (NP (NP (NP the guy )NP (SBAR (WHNP who )WHNP (S (VP has (NP (NP 10 seconds )NP (SBAR (S (VP to (VP decide (SBAR (WHNP what )WHNP (S (VP to (VP do )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )S )SBAR )NP or (NP (NP the guy )NP (PP with (NP (NP all the time )NP (PP in (NP the world )NP )PP )NP )PP )NP )NP )VP )SQ ? )SBARQ '' (NP he )NP (VP says )VP . )S  STOP
(SBARQ `` (WHNP (WHNP What )WHNP (PP on (NP earth )NP )PP )WHNP (SQ does (NP the UAL deal )NP (VP have (S (VP to (VP do (PP with (NP (NP the price )NP (PP of (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (NP I )NP (VP was (ADJP able (S (VP to (VP buy (PP on (NP Oct. 16 )NP )PP (PP at (NP a (ADJP very attractive )ADJP price )NP )PP )VP )VP )S )ADJP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )VP )SQ ? '' )SBARQ  STOP
(S (NP (NP Kidder Peabody 's )NP Mr. *UNKC )NP (ADVP also )ADVP (VP sees (NP (NP some benefits )NP (PP to (NP (NP the stock market 's )NP recent drop )NP )PP )NP )VP . )S  STOP
(S `` (S (NP We )NP (VP 've (VP run (PP into (NP (NP a market )NP (SBAR (WHNP that )WHNP (S (VP was (VP beginning (S (VP to (VP (VP run (ADVP out (PP of (NP steam )NP )PP )ADVP )VP and (VP get (ADJP *UNK )ADJP )VP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (NP The balloon )NP (VP had (VP been (VP *UNK (PRT up )PRT (S (ADJP (ADJP so big )ADJP (SBAR that (S (SBAR (WHADVP when )WHADVP (S (NP somebody )NP (VP came (ADVP along )ADVP (PP with (NP a *UNK )NP )PP (PRN -- (FRAG (PP in (NP this case )NP )PP (NP the UAL deal )NP )FRAG -- )PRN )VP )S )SBAR (NP we )NP (VP got (NP a little pop )NP )VP )S )SBAR )ADJP )S )VP )VP )VP . '' )S  STOP
(SINV (S (NP The pop )NP (VP *UNKED (PRT up )PRT (NP (NP investors )NP (SBAR (WHNP who )WHNP (S (VP had (VP been (VP getting (ADJP (NP a little )NP too *UNK )ADJP )VP )VP )VP )S )SBAR )NP )VP )S , (VP says )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S `` (NP It )NP (VP provided (NP (NP an excuse )NP (SBAR for (S (NP people )NP (VP (VP to (VP get (ADVP back )ADVP (PP to (NP reality )NP )PP )VP )VP and (VP to (VP look (PP at (NP (NP the economic data )NP , (NP (ADVP especially )ADVP the third-quarter economic numbers )NP )NP )PP )VP )VP , and (VP to (VP realize (SBAR that (S (NP we )NP (VP ca n't (VP continue (S (VP to (VP *UNK (PRT over )PRT (SBAR (WHNP what )WHNP (S (VP is (VP going (PRT on )PRT (PP in (NP the junk bond market )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )NP )VP . '' )S  STOP
(S But (NP he )NP (VP figures (SBAR that (S (PP at (NP current levels )NP )PP (NP the stock market )NP (VP is (VP (ADVP *UNKLY )ADVP valued , (PP (ADVP even )ADVP with (S (NP the economy )NP (ADVP obviously )ADVP (VP slowing )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (SBAR (ADVP Just )ADVP because (S (NP we )NP (VP 've (VP got (S (NP some *UNK )NP (ADVP back (PP in (NP the market )NP )PP )ADVP )S )VP )VP )S )SBAR (VP does n't (VP mean (SBAR (S (NP it )NP (VP 's (VP going (ADVP lower )ADVP (PP from (ADVP here )ADVP )PP )VP )VP )S )SBAR )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (NP The bottom line )NP (VP is (SBAR that (S (NP (NP it )NP )NP (VP 's (ADJP healthy )ADJP (S (VP to (VP have (NP (NP this kind )NP (PP of (NP *UNK activity )NP )PP )NP )VP )VP )S , (PP (ADVP especially )ADVP after (NP (NP a (ADJP 30 % )ADJP gain )NP (PP in (NP stock values )NP )PP (PP over (NP the past 12 months )NP )PP )NP )PP )VP )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP 's (ADVP now )ADVP (VP *UNKING (SBAR that (S (PP after (NP (NP a period )NP (PP of (NP consolidation )NP )PP )NP )PP , (NP the Dow Jones Industrial Average )NP (VP will (ADVP once again )ADVP (VP *UNK (NP new highs )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(ADVP (ADVP Maybe )ADVP , (ADVP maybe not )ADVP . )ADVP  STOP
(S (NP (NP *UNKC Joseph Cohen )NP , (NP (NP a market strategist )NP (PP at (NP Drexel Burnham Lambert )NP )PP )NP , )NP (VP is n't (ADJP nearly so *UNK (PP about (NP (NP (NP the market 's )NP chances )NP (PP of (S (VP *UNKING (PP to (NP new highs )NP )PP (ADVP *UNK soon )ADVP )VP )S )PP )NP )PP )ADJP )VP . )S  STOP
(S (NP Her view )NP (VP is (SBAR that (S (NP stock prices )NP (VP have (NP (NP three major *UNK )NP : (NP (NP merger and buy-out proposals )NP , (NP earnings )NP and (NP the economic outlook )NP )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (PP At (NP (NP current levels )NP (PP of (NP (NP economic activity )NP and (NP earnings )NP )NP )PP )NP )PP , (NP stocks )NP (VP are (VP (ADVP fairly )ADVP valued )VP )VP )S , (NP she )NP (VP says )VP . )S  STOP
(S But (S (NP any chance (SBAR for (S (NP prices )NP (VP to (VP surge (PP above (NP fair value )NP )PP )VP )VP )S )SBAR )NP (VP lies (PP in (NP (NP the speculation )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP a vigorous merger and buy-out business )NP )VP )S )SBAR )NP )PP )VP )S , and (S (NP UAL )NP (VP has (ADVP obviously )ADVP (VP put (NP a *UNK )NP (PP on (NP that )NP )PP )VP )VP )S . )S  STOP
(S `` (S (S (NP Stocks )NP (VP are n't (ADVP cheap )ADVP (ADVP anymore )ADVP )VP )S , (S (NP there )NP (VP have (VP been (NP some (ADJP judicial and legislative )ADJP changes )NP (PP in (NP the merger area )NP )PP )VP )VP )S and (S (NP (NP all )NP (PP of (NP this )NP )PP )NP (VP changes (NP (NP the *UNK )NP (PP of (NP deals )NP )PP )NP )VP )S )S , '' (NP she )NP (VP says )VP . )S  STOP
(S `` (S (NP I )NP (VP 'm not (VP saying (SBAR (S (NP they )NP (VP 've (VP stopped (ADVP altogether )ADVP )VP )VP )S )SBAR )VP )VP )S , but (S (S (NP future deals )NP (VP are (VP going (S (VP to (VP be (VP structured (ADVP differently )ADVP )VP )VP )VP )S )VP )VP )S and (S (NP bids )NP (ADVP probably )ADVP (VP wo n't (VP be (ADJP as high )ADJP )VP )VP )S )S . '' )S  STOP
(S But (NP that )NP (VP 's not (NP the only problem )NP (PP for (NP stocks )NP )PP )VP . )S  STOP
(S (NP (NP The other two *UNK )NP -- (NP (NP earnings )NP and (NP the economic outlook )NP )NP -- )NP (VP are (ADJP *UNKING )ADJP , (ADVP too )ADVP )VP . )S  STOP
(S `` (S (S (NP *UNKC )NP (VP is (VP getting (NP all the *UNK )NP (ADVP right now )ADVP )VP )VP )S , but (S (NP these other things )NP (VP have (VP been (VP building (PRT up )PRT (ADVP more gradually )ADVP )VP )VP )VP )S )S , '' (NP she )NP (VP says )VP . )S  STOP
(S (S (NP Third-quarter earnings )NP (VP have (VP been (ADVP generally )ADVP (ADJP disappointing )ADJP )VP )VP )S and (S (PP with (S (NP economic data )NP (VP showing (NP a clear slowing )NP )VP )S )PP , (NP (NP the outlook )NP (PP for (NP (NP earnings )NP (PP in (NP (NP the fourth quarter )NP and (NP (NP all )NP (PP of (NP 1990 )NP )PP )NP )NP )PP )NP )PP )NP (VP is (VP getting (ADJP worse )ADJP )VP )VP )S . )S  STOP
(S `` (S (S (NP There )NP (VP are (NP (ADJP (ADJP (ADVP (NP a lot )NP more )ADVP downward )ADJP (PP than (ADJP upward )ADJP )PP )ADJP revisions )NP )VP )S and (S (NP it )NP (VP looks (SBAR like (S (NP people )NP (VP are (VP *UNKING (NP (NP corporate profits )NP (PP as (NP (NP a means )NP (PP of (NP (NP support )NP (PP for (NP stock prices )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP )S )S , '' (NP she )NP (VP says )VP . )S  STOP
(SQ (PP With (NP all this )NP )PP , can (NP stock prices )NP (VP hold (NP their own )NP )VP ? )SQ  STOP
(S `` (S (NP The question )NP (VP is (ADJP *UNK )ADJP (PP at (NP this point )NP )PP )VP )S , '' (NP she )NP (VP says )VP . )S  STOP
(S `` (NP It )NP (VP depends (PP on (SBAR (WHNP what )WHNP (S (VP happens )VP )S )SBAR )PP )VP . )S  STOP
(S (SBAR If (S (NP the economy )NP (VP *UNK (PP into (NP a recession )NP )PP )VP )S )SBAR , (ADVP then )ADVP (NP this )NP (VP is n't (NP (NP a level )NP (SBAR (WHNP that )WHNP (S (VP 's (VP going (S (VP to (VP hold )VP )VP )S )VP )VP )S )SBAR )NP )VP . '' )S  STOP
(NP (NP Friday 's )NP Market Activity )NP  STOP
(S (NP Stock prices )NP (VP tumbled (PP for (NP a third consecutive day )NP )PP (SBAR as (S (NP (NP earnings *UNK )NP , (NP a sluggish economy )NP and (NP a *UNK junk bond market )NP )NP (VP continued (S (VP to (VP *UNK (PP on (NP investors )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The Dow Jones Industrial Average )NP (VP fell (NP *UNKN points )NP (PP to (NP *UNKN )NP )PP (PP in (NP active trading )NP )PP )VP . )S  STOP
(S (NP (NP Volume )NP (PP on (NP the New York Stock Exchange )NP )PP )NP (VP totaled (NP *UNKN shares )NP )VP . )S  STOP
(S (NP (NP *UNKING issues )NP (PP on (NP the Big Board )NP )PP )NP (VP were (ADVP far ahead (PP of (NP *UNK )NP )PP )ADVP , (ADVP *UNKN to *UNKN )ADVP )VP . )S  STOP
(S (PP For (NP the week )NP )PP (NP the Dow Jones Industrial Average )NP (VP sank (NP (NP *UNKN points )NP , or (NP 3.4 % )NP )NP )VP . )S  STOP
(S (S (NP Oil stocks )NP (VP *UNKED (NP (NP the *UNK )NP (PP of (NP (NP Friday 's )NP selling )NP )PP )NP )VP )S and (S (NP (NP several )NP )NP (VP were (ADJP able (S (VP to (VP post (NP gains )NP )VP )VP )S )ADJP , (PP including (NP (NP Chevron )NP , (SBAR (WHNP which )WHNP (S (VP rose (NP 5\/8 )NP (PP to (NP 66 3\/8 )NP )PP (PP in (NP (NP Big Board composite trading )NP (PP of (NP (QP 2.4 million )QP shares )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP )S . )S  STOP
(S (NP (NP The stock 's )NP advance )NP (VP reflected (NP *UNKING speculation (SBAR that (S (NP Pennzoil )NP (VP is (VP *UNKING (NP (NP a stake )NP (PP in (NP the company )NP )PP )NP , (PP according (PP to (NP Dow Jones Professional Investor Report )NP )PP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP Both companies )NP (VP declined (S (VP to (VP comment (PP on (NP the rumors )NP )PP )VP )VP )S )VP )S , but (S (NP several industry analysts )NP (VP told (NP the Professional Investor Report )NP (SBAR (S (NP they )NP (VP believed (SBAR (S (NP (NP it )NP )NP (VP was (ADJP *UNK )ADJP (SBAR that (S (NP Pennzoil )NP (VP may (VP be (VP buying (NP Chevron shares )NP (PP as (NP (NP a *UNK )NP (PP to (S (VP pushing (PP for (NP (NP a restructuring )NP (PP of (NP the company )NP )PP )NP )PP )VP )S )PP )NP )PP )VP )VP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )VP )S . )S  STOP
(S (NP USX )NP (VP gained (NP 1\/2 )NP (PP to (NP (QP 33 3\/8 )QP )NP )PP (PP on (NP (NP a report )NP (PP in (NP Business *UNKC magazine )NP )PP (SBAR that (S (NP investor Carl Icahn )NP (VP is (VP said (S (VP to (VP have (VP raised (NP (NP his stake )NP (PP in (NP the oil and steel company )NP )PP )NP (PP to (NP (QP just about 15 )QP % )NP )PP )VP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Earlier this month )NP , (NP Mr. Icahn )NP (VP boosted (NP his USX stake )NP (PP to (NP *UNKN % )NP )PP )VP . )S  STOP
(S (ADVP Elsewhere (PP in (NP the oil sector )NP )PP )ADVP , (S (NP Exxon )NP (VP rallied (NP 7\/8 )NP (PP to (NP (QP 45 3\/4 )QP )NP )PP )VP )S ; (S (NP Amoco )NP (VP rose (NP 1\/8 )NP (PP to (NP 47 )NP )PP )VP )S ; (S (NP Texaco )NP (VP was (ADJP unchanged )ADJP (PP at (NP (QP 51 3\/4 )QP )NP )PP )VP )S , and (S (NP Atlantic *UNKC )NP (VP fell (NP (QP 1 5\/8 )QP )NP (PP to (NP (QP 99 1\/2 )QP )NP )PP )VP )S . )S  STOP
(S (NP (NP Mobil )NP , (SBAR (WHNP which )WHNP (S (VP said (SBAR (S (NP it )NP (VP plans (S (VP to (VP cut (NP its exploration and production work force )NP (PP by (NP (QP about 8 )QP % )NP )PP (PP in (NP a restructuring )NP )PP )VP )VP )S )VP )S )SBAR )VP )S )SBAR , )NP (VP dropped (NP 5\/8 )NP (PP to (NP (QP 56 1\/8 )QP )NP )PP )VP . )S  STOP
(S (NP The precious metals sector )NP (VP *UNKED (NP other Dow Jones industry groups )NP (PP by (NP a wide margin )NP )PP (PP for (NP the second consecutive session )NP )PP )VP . )S  STOP
(S (S (NP *UNKC *UNKING )NP (VP rose (NP 5\/8 )NP (PP to (NP 14 )NP )PP )VP )S ; (S (NP Battle Mountain Gold )NP (VP climbed (NP 3\/4 )NP (PP to (NP (QP 16 3\/4 )QP )NP )PP )VP )S ; (S (NP *UNKC *UNKING )NP (VP rose (NP (QP 1 1\/8 )QP )NP (PP to (NP (QP 16 7\/8 )QP )NP )PP )VP )S ; (S (NP *UNKC *UNKC )NP (VP added (NP 5\/8 )NP (PP to (NP 11 )NP )PP )VP )S ; (S (NP *UNKC *UNKC )NP (VP went (ADVP up )ADVP (NP 7\/8 )NP (PP to (NP (QP 16 3\/4 )QP )NP )PP )VP )S , and (S (NP *UNKC Ltd. )NP (VP jumped (NP (QP 3 5\/8 )QP )NP (PP to (NP (QP 49 5\/8 )QP )NP )PP )VP )S . )S  STOP
(S (NP (NP Gold mining stocks )NP (VP traded (PP on (NP the American Stock Exchange )NP )PP )VP )NP (ADVP also )ADVP (VP showed (NP strength )NP )VP . )S  STOP
(S (S (NP *UNKC Bay *UNKC )NP (VP rose (NP 5\/8 )NP (PP to (NP (QP 15 7\/8 )QP )NP )PP )VP )S ; (S (NP *UNKC Gold )NP (VP advanced (NP (QP 1 1\/2 )QP )NP (PP to (NP 12 )NP )PP )VP )S , and (S (NP *UNKC Class A )NP (VP gained (NP 1\/2 )NP (PP to (NP (QP 7 1\/2 )QP )NP )PP )VP . )S )S  STOP
(S (S (NP Unisys )NP (VP dropped (NP 3\/4 )NP (PP to (NP (QP 16 1\/4 )QP )NP )PP (PP after (S (VP posting (NP (NP a third-quarter loss )NP (PP of (NP (NP (NP $ 4.25 )NP (NP a share )NP )NP , (PP including (NP restructuring charges )NP )PP )NP )PP )NP )VP )S )PP )VP )S , but (S (NP other important technology issues )NP (VP were (ADJP mixed )ADJP )VP )S . )S  STOP
(S (NP (NP Compaq Computer )NP , (SBAR (WHNP which )WHNP (S (VP had (VP lost (NP (QP 8 5\/8 )QP )NP (NP Thursday )NP (PP following (NP a disappointing quarterly report )NP )PP )VP )VP )S )SBAR , )NP (VP gained (NP 5\/8 )NP (PP to (NP (QP 100 5\/8 )QP )NP )PP )VP . )S  STOP
(S (NP International Business Machines )NP (VP dropped (NP 7\/8 )NP (PP to (NP (QP 99 7\/8 )QP )NP )PP )VP . )S  STOP
(S (S (NP Digital Equipment )NP (VP *UNKED (PRT on )PRT (NP (QP 1 1\/8 )QP )NP (PP to (NP (QP 89 1\/8 )QP )NP )PP )VP )S , and (S (NP Hewlett-Packard )NP (VP fell (NP 3\/8 )NP (PP to (NP (QP 49 3\/8 )QP )NP )PP )VP )S . )S  STOP
(S (NP *UNKED trading )NP (VP *UNKED (NP (NP volume )NP (PP in (NP (NP Merrill Lynch )NP , (SBAR (WHNP which )WHNP (S (VP closed (ADVP unchanged )ADVP (PP at (NP (QP 28 3\/8 )QP )NP )PP )VP )S )SBAR )NP )PP )NP (SBAR as (S (NP (QP 2.7 million )QP shares )NP (VP changed (NP hands )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The stock )NP (VP (VP has (NP a (ADJP 3.5 % )ADJP dividend yield )NP )VP and (VP goes (ADJP *UNK- )ADJP (NP today )NP )VP )VP . )S  STOP
(S (NP Erbamont )NP (VP advanced (NP (QP 1 1\/8 )QP )NP (PP to (NP (QP 36 1\/2 )QP )NP )PP (PP on (NP (QP 1.9 million )QP shares )NP )PP )VP . )S  STOP
(S (NP (NP Montedison )NP , (SBAR (WHNP which )WHNP (S (VP owns (NP (NP (QP about 72 )QP % )NP (PP of (NP (NP the company 's )NP common stock )NP )PP )NP )VP )S )SBAR , )NP (VP agreed (S (VP to (VP buy (NP the rest )NP (PP for (NP (NP $ 37 )NP (NP a share )NP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP (NP another *UNKED unit )NP (PP of (NP Montedison )NP )PP )NP , )NP (VP added (NP (QP 1 1\/4 )QP )NP (PP to (NP (QP 47 1\/8 )QP )NP )PP )VP . )S  STOP
(S (NP Milton Roy )NP (VP jumped (NP 2 )NP (PP to (NP (QP 18 3\/8 )QP )NP )PP )VP . )S  STOP
(S (NP Crane )NP (VP said (SBAR (S (NP it )NP (VP (VP holds (NP (NP an (ADJP 8.9 % )ADJP stake )NP (PP in (NP the company )NP )PP )NP )VP and (VP may (VP seek (NP control )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Crane )NP (VP dropped (NP (QP 1 1\/8 )QP )NP (PP to (NP (QP 21 1\/8 )QP )NP )PP )VP . )S  STOP
(S (NP (NP Comprehensive Care )NP , (SBAR (WHNP which )WHNP (S (VP terminated (NP its agreement (S (VP to (VP merge (PP with (NP First Hospital )NP )PP )VP )VP )S )NP )VP )S )SBAR , )NP (VP dropped (NP 7\/8 )NP (PP to (NP (QP 3 7\/8 )QP )NP )PP )VP . )S  STOP
(S (NP (NP The company 's )NP decision )NP (VP was (VP made (SBAR after (S (NP First Hospital )NP (VP failed (S (VP to (VP obtain (NP (NP financing )NP (PP for (NP its offer )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Federal investigators )NP (VP have (VP identified (NP (NP (NP the problem )NP (PP in (NP (NP (NP last July 's )NP crash )NP (PP of (NP a United Airlines flight )NP )PP (PP in (NP Iowa )NP )PP )NP )PP )NP : (NP (NP a structural *UNK )NP (SBAR (WHNP that )WHNP (S (VP developed (PP during (NP (NP the making )NP (PP of (NP a *UNK engine disk )NP )PP )NP )PP )VP )S )SBAR )NP )NP )VP )VP . )S  STOP
(S (PP For (NP several months )NP )PP , (NP (NP officials )NP (PP at (NP (NP the Federal Aviation Administration )NP and (NP the National Transportation *UNKC Board )NP )NP )PP )NP (VP have (VP *UNKED (SBAR that (S (NP (NP a *UNK *UNK )NP (PP in (NP the disk )NP )PP )NP (VP led (PP to (NP (NP a crack )NP (SBAR (WHNP that )WHNP (S (ADVP ultimately )ADVP (VP caused (S (NP the *UNK engine )NP (VP to (VP break (ADVP apart )ADVP (PP in (NP flight )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The *UNK )NP (VP (VP sent (S (NP (NP *UNK )NP (PP of (NP metal )NP )PP )NP (VP flying )VP )S , (S (VP *UNKING (NP (NP the *UNKC 's )NP (UCP *UNK or control )UCP systems )NP )VP )S )VP , and (VP led (PP to (NP (NP the crash )NP (SBAR (WHNP that )WHNP (S (VP killed (NP *UNKN people )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S But (NP investigators )NP (VP could (VP confirm (NP their theory )NP (PP (ADVP only )ADVP after (NP (NP the recent *UNK )NP (PP of (NP (NP a big chunk )NP (PP of (NP (NP *UNKC *UNKN 's )NP *UNK engine )NP )PP )NP )PP (PP from (NP (NP a *UNK )NP (PP near (NP (NP the *UNKC City Airport )NP (PP in (NP Iowa )NP )PP )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The safety board )NP (VP will (VP begin (NP (NP four days )NP (PP of (NP (NP hearings )NP (PP on (NP the accident )NP )PP )NP )PP )NP (NP tomorrow )NP (PP in (NP *UNKC City )NP )PP )VP )VP . )S  STOP
(SINV (PP Among (NP (NP the issues )NP (SBAR (S (NP the board )NP (VP will (VP examine )VP )VP )S )SBAR )NP )PP (VP is )VP (SBAR whether (S (NP (NP United Airlines )NP , (NP (NP a unit )NP (PP of (NP UAL Corp. )NP )PP )NP , )NP (VP should (VP have (VP been (ADJP able (S (VP to (VP *UNK (NP the *UNK )NP (PP through (NP maintenance checks )NP )PP )VP )VP )S )ADJP )VP )VP )VP )S )SBAR . )SINV  STOP
(S (NP (NP The engine )NP (VP involved )VP )NP (VP was (NP (NP a *UNKC )NP (VP made (PP by (NP General Electric Co )NP )PP )VP )NP )VP . )S  STOP
(S (NP (NP Anthony *UNKC )NP , (NP (NP (NP the *UNKC 's )NP acting executive director )NP (PP for (NP (NP regulatory standards )NP and (NP compliance )NP )NP )PP )NP , )NP (VP said (SBAR that (S (NP (NP recent tests )NP (PP of (NP the failed engine disk )NP )PP )NP (VP indicate (SBAR that (S (NP (NP a *UNK )NP (PRN -- (VP known (PP as `` (ADJP hard *UNK )ADJP '' )PP )VP -- )PRN )NP (VP occurred (PP in (NP the *UNK )NP )PP (PP during (NP its production )NP )PP (ADVP (NP (QP almost 20 )QP years )NP ago )ADVP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (SBAR (S (NP there )NP (VP was n't (NP (NP any way )NP (SBAR (S (VP to (VP *UNK (NP the *UNK )NP (PP at (NP that time )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR , and (SBAR that (S (NP the process )NP (VP has (ADVP since )ADVP (VP been (VP changed (S (VP to (VP decrease (NP the chance (SBAR that (S (NP such *UNK )NP (VP would (VP occur )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP The *UNKC )NP (ADVP already )ADVP (VP has (VP ordered (SBAR that (S (NP (NP all *UNKN disks )NP (VP made (PP by (NP the old process )NP )PP )VP )NP (VP be (VP (VP removed (PP from (NP the planes )NP )PP )VP and (VP *UNKED (PP to (NP an *UNK test )NP )PP (PP in (NP a *UNK- chamber )NP )PP )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(SINV (S (NP Such tests )NP (VP make (S (NP the *UNKC )NP (ADJP confident (SBAR that (S (NP a *UNKC *UNKC accident )NP `` (VP wo n't (VP happen (ADVP again )ADVP )VP )VP )S )SBAR )ADJP )S )VP )S , '' (VP said )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S (NP (NP A spokesman )NP (PP for (NP GE )NP )PP )NP (VP said (SBAR that (S (NP the company )NP (VP has (VP been (VP (VP working (PP with (NP the *UNKC )NP )PP (ADVP all along )ADVP (PP on (NP this issue )NP )PP )VP and `` (VP will (VP comply (ADVP fully )ADVP (PP with (NP the required *UNK )NP )PP )VP )VP )VP )VP )VP )S )SBAR )VP . '' )S  STOP
(S But (NP he )NP (ADVP also )ADVP (VP pointed (PRT out )PRT (SBAR that (S (NP the recalls )NP (VP will (VP have (NP (NP no impact )NP (PP on (NP (NP GE 's )NP engine production )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (S (NP The *UNKC series engines )NP (VP are n't (VP being (VP manufactured (ADVP any more )ADVP )VP )VP )VP )S ; (S (NP they )NP (VP are (ADVP only )ADVP (VP being (VP used (PP in (NP (NP the *UNKC Series 10 planes )NP (PP (ADVP currently )ADVP in (NP service )NP )PP )NP )PP )VP )VP )VP )S )S , (NP he )NP (VP said )VP . )S  STOP
(S (NP (NP A *UNK *UNK )NP (PP in (NP *UNKC )NP )PP )NP (VP may (VP offer (NP (NP an important *UNK )NP (PP about (SBAR whether (S (NP the Earth )NP (VP is (VP warming (ADVP *UNKLY )ADVP )VP )VP )S )SBAR )PP )NP )VP )VP . )S  STOP
(S (NP (NP Researchers )NP (PP at (NP (NP Ohio State University )NP and (NP (NP *UNKC Institute )NP (PP of (NP *UNKC and *UNKC )NP )PP (PP in (NP China )NP )PP )NP )NP )PP )NP (VP (VP have (VP *UNKED (NP (NP *UNK )NP (PP of (NP (NP *UNK ice )NP (PP in (NP *UNKC )NP )PP )NP )PP )NP )VP )VP and (VP say (SBAR (S (NP (NP *UNK )NP (ADVP there )ADVP )NP (VP have (VP been (ADJP (ADJP significantly higher )ADJP )ADJP (PP on (NP average )NP )PP (PP over (NP the past *UNK- )NP )PP (PP than (PP in (NP (NP any similar period )NP (PP in (NP the past 10,000 years )NP )PP )NP )PP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The ice *UNK )NP (VP are (NP (NP an important piece )NP (PP of (NP evidence )NP )PP (VP supporting (NP *UNK (SBAR that (S (NP the Earth )NP (VP has (VP (VP *UNKED (ADVP considerably )ADVP (PP in (NP recent times )NP )PP , (PP (ADVP largely )ADVP because of (NP (NP *UNK )NP (PP in (NP the air )NP )PP )NP )PP )VP , and (VP will (VP warm (ADVP far more )ADVP (PP in (NP (NP the century )NP (ADVP ahead )ADVP )NP )PP )VP )VP )VP )VP )S )SBAR )NP )VP )NP )VP . )S  STOP
(S (NP A substantial warming )NP (VP would (VP *UNK (NP (NP some )NP (PP of (NP (NP the Earth 's )NP *UNK ice *UNK )NP )PP )NP , (S (VP (VP raising (NP (NP the level )NP (PP of (NP the *UNK )NP )PP )NP )VP and (VP causing (NP (NP widespread *UNKING )NP (PP of (NP (ADJP heavily *UNKED )ADJP *UNK areas )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (SBAR If (S (NP you )NP (VP can (VP use (NP data )NP (S (VP to (VP *UNK (SBAR (WHNP what )WHNP (S (VP happened (PP in (NP the past )NP )PP )VP )S )SBAR )VP )VP )S )VP )VP )S )SBAR , (NP you )NP (VP have (NP (NP (ADJP much more )ADJP confidence )NP (PP in (NP (NP predictions )NP (PP for (NP the future )NP )PP )NP )PP )NP )VP )S , '' (VP said )VP (NP (NP *UNKC Thompson )NP , (NP (NP a research scientist )NP (PP at (NP Ohio State )NP )PP (SBAR (WHNP who )WHNP (S (VP (VP *UNK (PP for )PP )VP and (VP *UNKED )VP (NP the ice *UNK )NP )VP )S )SBAR )NP )NP . )SINV  STOP
(S (S (VP To (VP compare (NP (NP *UNK )NP (PP over (NP the past 10,000 years )NP )PP )NP )VP )VP )S , (NP researchers )NP (VP *UNKED (NP (NP the changes )NP (PP in (NP (NP *UNK )NP (PP of (NP (NP two forms )NP (PP of (NP *UNK )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP These *UNK )NP (VP can (VP indicate (NP *UNK changes )NP (PRN , (S (NP researchers )NP (VP said )VP )S , )PRN (SBAR because (S (NP (NP the rates )NP (PP of (NP (NP *UNK )NP (PP of (NP these *UNK *UNK )NP )PP )NP )PP )NP (VP *UNK (SBAR as (S (NP temperatures )NP (VP change )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP of (NP (NP ice )NP (PP from (NP (NP the *UNKC ice cap )NP , (NP (NP a *UNK *UNK )NP (PP in (NP *UNKC )NP )PP (PP (NP *UNKN feet )NP above (NP sea level )NP )PP )NP , )NP )PP )NP )PP )NP (VP show (SBAR that (S (NP average temperatures )NP (VP were (ADJP (ADJP higher )ADJP )ADJP (PP in (NP *UNKN )NP )PP (PP than (PP in (NP (NP any other *UNK- period )NP (PP since (PP before (NP the last *UNKC *UNKC )NP )PP )PP )NP )PP )PP )VP )S )SBAR )VP )S , (NP Mr. Thompson )NP (VP said )VP . )S  STOP
(S (NP Some climate models )NP (VP project (SBAR that (S (NP (NP *UNK regions )NP (PP of (NP Asia )NP )PP )NP (VP would (VP be (PP among (NP (NP the first )NP (SBAR (S (VP to (VP heat (PRT up )PRT (PP in (NP a global warming )NP )PP )VP )VP )S )SBAR )NP )PP (SBAR because (S (NP they )NP (VP are (ADVP far (PP from (NP (NP *UNK )NP , (SBAR (WHNP which )WHNP (S (VP moderate (NP *UNK changes )NP )VP )S )SBAR )NP )PP )ADVP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (S But (NP the *UNK- *UNK )NP (VP are n't (NP definitive proof (SBAR that (S (NP the so-called greenhouse effect )NP (VP will (VP lead (PP to (NP further substantial global *UNKING )NP )PP )VP )VP )S )SBAR )NP )VP )S , (NP Mr. Thompson )NP (VP acknowledged )VP . )S  STOP
(S (PP According (PP to (NP greenhouse theories )NP )PP )PP , (NP (NP increased *UNK *UNK *UNK )NP , (VP (ADVP largely )ADVP caused (PP by (NP (NP *UNKING )NP (PP of (NP *UNK *UNK )NP )PP )NP )PP )VP , )NP (VP will (VP cause (S (NP the Earth )NP (VP to (VP warm (PRT up )PRT )VP )VP )S (SBAR because (S (NP carbon *UNK )NP (VP *UNK (NP heat )NP (PP from (S (VP *UNKING (PP into (NP space )NP )PP )VP )S )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP say (SBAR that (S (SBAR if (S (NP that )NP (VP 's (NP the case )NP )VP )S )SBAR , (NP temperatures )NP (VP should (VP have (VP risen (ADVP fairly *UNKLY )ADVP (PP over (NP the past century )NP )PP , (S (VP reflecting (NP (NP the increase )NP (PP in (NP carbon *UNK )NP )PP )NP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Instead )ADVP , (NP the *UNKC *UNK- record )NP (VP shows (NP (NP (NP increasing temperatures )NP (PP (PP from (NP *UNKN )NP )PP (PP through (NP the early 1950s )NP )PP )PP )NP , (NP (NP *UNKING temperatures )NP (PP (PP from (NP the late 1950s )NP )PP (PP through (NP the *UNK- )NP )PP )PP )NP , then (NP (NP higher temperatures )NP (ADVP again )ADVP (PP through (NP last year )NP )PP )NP )NP )VP . )S  STOP
(S (NP Other *UNK data )NP (VP show (NP similar *UNKED swings )NP )VP . )S  STOP
(SINV `` (S (NP *UNKC )NP (VP *UNK (ADVP *UNKLY )ADVP (ADVP due (PP to (NP natural causes )NP )PP )ADVP )VP )S , '' (VP said )VP (NP Mr. Thompson )NP . )SINV  STOP
(S But (NP he )NP (VP said (SBAR (S (NP (NP ice *UNK )NP (PP from (NP *UNKC , *UNKC and *UNKC )NP )PP )NP all (VP show (NP (NP substantial signs )NP (PP of (NP warming )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Corp. )NP (VP said (SBAR (S (S (NP (NP its vice president )NP (PP for (NP manufacturing )NP )PP )NP (VP resigned )VP )S and (S (NP its Houston work force )NP (VP has (VP been (VP trimmed (PP by (NP (NP 40 people )NP , or (NP (QP about 15 )QP % )NP )NP )PP )VP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (NP (NP The maker )NP (PP of (NP *UNK- computers and computer systems )NP )PP )NP (VP said (SBAR (S (NP the personnel changes )NP (VP were (VP needed (S (VP to (VP improve (NP (NP the efficiency )NP (PP of (NP its manufacturing operation )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP it )NP (VP has n't (VP named (NP (NP a successor )NP (PP to (NP (NP Ronald *UNKC )NP , (NP (NP the vice president )NP (SBAR (WHNP who )WHNP (S (VP resigned )VP )S )SBAR )NP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Its Houston work force )NP (ADVP now )ADVP (VP *UNK (NP 230 )NP )VP . )S  STOP
(S (NP *UNKC Corp. )NP (VP said (SBAR (S (NP (NP the final step )NP (PP in (NP (NP the acquisition )NP (PP of (NP the company )NP )PP )NP )PP )NP (VP has (VP been (VP completed (PP with (NP (NP the merger )NP (PP of (NP *UNKC )NP )PP (PP with (NP (NP a subsidiary )NP (PP of (NP Chicago & North Western Holdings Corp )NP )PP )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR As (S (VP reported )VP )S )SBAR , (NP *UNKC )NP (VP agreed (S (VP to (VP be (VP acquired (PP by (NP (NP a group )NP (PP of (NP (NP investors )NP (VP led (PP by (NP *UNKC Capital Partners Limited Partnership )NP )PP )VP )NP )PP )NP )PP (PP for (NP (NP (NP $ 50 )NP (NP a share )NP )NP , or (NP (QP about $ *UNKN million )QP )NP )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP Congress )NP (VP sent (PP to (NP President Bush )NP )PP (NP (NP an (ADJP (QP $ 8.5 billion )QP )ADJP military construction bill )NP (SBAR (WHNP that )WHNP (S (VP cuts (NP (NP spending )NP (PP for (NP new *UNK )NP )PP )NP (PP by (NP 16 % )NP )PP (SBAR while (S (VP *UNKING (NP the Pentagon budget )NP (S (VP to (VP move (NP (QP more than $ 450 million )QP )NP (PP from (NP foreign bases )NP )PP (PP to (NP *UNK- projects )NP )PP )VP )VP )S )VP )S )SBAR )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP The fiscal 1990 measure )NP (VP *UNK (PP on (NP (NP a pattern )NP (VP set (NP earlier this year )NP (PP by (NP House and Senate defense *UNKING committees )NP )PP )VP )NP )PP )VP )S , and (PRN -- (PP at (NP (NP a time )NP (PP of (NP (NP (NP *UNK )NP (PP for (NP the military )NP )PP )NP and (NP (NP concern )NP (PP about (NP (NP (NP the U.S. 's )NP standing )NP (PP in (NP the world economy )NP )PP )NP )PP )NP )NP )PP )NP )PP -- )PRN (S (NP overseas spending )NP (VP is (NP most vulnerable )NP )VP )S . )S  STOP
(S (NP (NP Total Pentagon requests )NP (PP for (NP (NP installations )NP (PP in (NP (NP West Germany )NP , (NP Japan )NP , (NP South Korea )NP , (NP the United Kingdom )NP and (NP the Philippines )NP )NP )PP )NP )PP )NP , (PP for (NP example )NP )PP , (VP are (VP cut (PP by (NP (QP almost two-thirds )QP )NP )PP , (SBAR while (S (NP lawmakers )NP (VP added (PP to (NP (NP the military budget )NP (PP for (NP construction )NP )PP )NP )PP (PP in (NP (NP (QP all but a dozen )QP states )NP (PP at (NP home )NP )PP )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The result )NP (VP is (SBAR that (S (PP instead of (NP (NP (NP the Pentagon 's )NP proposed split )NP (PP of (ADVP *UNKN )ADVP )PP (PP between (NP (ADJP domestic and foreign )ADJP bases )NP )PP )NP )PP , (NP the reduced funding )NP (VP is (VP distributed (PP by (NP (NP a ratio )NP (PP of (ADVP approximately *UNKN )ADVP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP The extra margin )NP (PP for (NP (NP bases )NP (PP in (NP the U.S. )NP )PP )NP )PP )NP (VP *UNK (NP (NP the power )NP (PP of (NP the appropriations committees )NP )PP )NP )VP )S ; (S (ADVP meanwhile )ADVP , (NP lawmakers )NP (VP used (NP their positions )NP (S (VP to (VP *UNK (SBAR (QP as much as six times )QP (WHNP what )WHNP (S (NP the Pentagon )NP (VP had (VP requested (PP for (NP their individual states )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP )S . )S  STOP
(S (NP (NP House Appropriations Committee Chairman *UNKC Whitten )NP (PRN -LRB- (NP D. )NP , (NP Miss . )NP -RRB- )PRN )NP (VP helped (S (VP secure (NP (QP $ *UNKN million )QP )NP (PP for (NP his state )NP )PP , (FRAG or (NP (QP more than double )QP (NP the Pentagon 's )NP budget )NP )FRAG )VP )S )VP . )S  STOP
(S (NP (NP West Virginia )NP , (NP (NP home )NP (PP of (NP Senate Appropriations Committee Chairman Robert *UNKC )NP )PP )NP , )NP (VP would (VP receive (NP (NP (QP $ *UNKN million )QP )NP -- (NP (QP four times )QP (NP the military 's )NP request )NP )NP )VP )VP . )S  STOP
(S (NP (NP (NP Tennessee )NP and (NP North Carolina )NP )NP , (NP (NP home states )NP (PP of (NP (NP the two Democratic *UNK )NP (PP of (NP the House and Senate military construction *UNK )NP )PP )NP )PP )NP , )NP (VP receive (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 25 % )NP (PP above (NP (NP the Pentagon 's )NP request )NP )PP )NP )NP )VP . )S  STOP
(S (SBAR Though (S (NP (NP spending )NP (PP for (NP Iowa and Oregon )NP )PP )NP (VP was (ADJP far less )ADJP )VP )S )SBAR , (NP (NP their increases )NP (PP above (NP Pentagon requests )NP )PP (PRN -- (NP (NP (NP *UNKN % )NP and (NP *UNKN % )NP )NP , (ADVP respectively )ADVP )NP -- )PRN )NP (VP were (ADJP much greater )ADJP (PP because of (NP (NP the influence )NP (PP of (NP Republicans )NP )PP (PP at (NP critical *UNK )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The *UNK *UNK )NP (PP of (NP (NP the bill )NP , (SBAR (WHNP which )WHNP (S (VP cleared (NP the Senate and House )NP (PP on (NP simple voice votes )NP )PP (NP last week )NP )VP )S )SBAR , )NP )PP )NP (VP *UNK (PP with (NP (NP the problems )NP (VP (ADVP still )ADVP facing (NP (NP a (ADJP more *UNK )ADJP (ADJP (QP $ *UNKN billion )QP )ADJP measure )NP (VP funding (NP (UCP housing , environmental , space and *UNK )UCP programs )NP )VP )NP )VP )NP )PP )VP . )S  STOP
(S (S (PP By (NP an *UNKN margin )NP )PP , (NP the Senate )NP (VP approved (NP (NP the bulk )NP (PP of (NP the spending )NP )PP )NP (NP Friday )NP )VP )S , but (S (NP the bill )NP (VP was (ADVP then )ADVP (VP sent (ADVP back (PP to (NP the House )NP )PP )ADVP (S (VP to (VP resolve (NP (NP the question )NP (PP of (SBAR (WHADVP how )WHADVP (S (VP to (VP address (NP (NP budget limits )NP (PP on (NP (NP credit *UNK )NP (PP for (NP the Federal Housing Administration )NP )PP )NP )PP )NP )VP )VP )S )SBAR )PP )NP )VP )VP )S )VP )VP )S . )S  STOP
(S (S (NP The House Democratic leadership )NP (VP could (VP seek (S (VP to (VP *UNK (NP these restrictions )NP )VP )VP )S )VP )VP )S , but (S (NP the underlying bill )NP (VP is (ADVP already )ADVP (PP under (NP attack )NP )PP (PP for (NP (NP *UNK )NP (ADVP elsewhere )ADVP )NP )PP )VP )S . )S  STOP
(S (S (NP Appropriations committees )NP (VP have (VP used (NP (NP an *UNK )NP (PP of (NP devices )NP )PP )NP (S (VP to (VP *UNK (NP (NP (QP as much as $ 1 billion )QP )NP (PP in (NP spending )NP )PP )NP )VP )VP )S )VP )VP )S , and (S (SBAR as (S (NP critics )NP (VP have (VP *UNKED (PP to (NP these devices )NP )PP )VP )VP )S )SBAR , (NP the bill )NP (VP can (VP seem (PP like (NP (NP a *UNKED *UNK )NP (VP trying (S (VP to (VP make (NP it )NP (PP past (NP ice and *UNK )NP )PP (S (VP to (VP reach (NP *UNK winter *UNKING )NP )VP )VP )S )VP )VP )S )VP )NP )PP )VP )VP )S . )S  STOP
(S (NP (NP Much )NP (PP of (NP the excess spending )NP )PP )NP (VP (VP will (VP be (VP pushed (PP into (NP fiscal 1991 )NP )PP )VP )VP )VP , and (VP (PP in (NP some cases )NP )PP is (ADVP temporarily )ADVP (VP *UNKED (PP in (NP *UNKING accounts )NP )PP (PP in (NP (NP anticipation )NP (PP of (S (VP being (VP transferred (PP to (NP *UNKING areas )NP )PP (SBAR after (S (NP the budget *UNKING )NP (VP is (VP completed )VP )VP )S )SBAR )VP )VP )S )PP )NP )PP )VP )VP )VP . )S  STOP
(S (PP For (NP example )NP )PP , (NP a House-Senate conference )NP (ADVP *UNKLY )ADVP (VP increased (NP (NP the National *UNKC and Space Administration budget )NP (PP for (NP (NP construction )NP (PP of (NP facilities )NP )PP )NP )PP )NP (PP to (NP (NP (QP nearly $ *UNKN million )QP )NP , or (NP (NP (QP more than $ 200 million )QP )NP (PP above (SBAR (WHNP what )WHNP (S (NP either chamber )NP (VP had (ADVP previously )ADVP (VP approved )VP )VP )S )SBAR )PP )NP )NP )PP )VP . )S  STOP
(S (NP (NP Part )NP (PP of (NP the increase )NP )PP )NP (VP would (VP provide (NP (NP (QP $ 90 million )QP )NP (PP toward (S (VP *UNKING (NP (NP construction )NP (PP of (NP a costly solid *UNK- facility )NP )PP (PP in (NP (NP Mr. Whitten 's )NP Mississippi )NP )PP )NP )VP )S )PP )NP )VP )VP . )S  STOP
(S But (NP (NP (QP as much as $ *UNKN million )QP )NP , or (NP (NP (QP nearly 30 )QP % )NP (PP of (NP the account )NP )PP )NP , )NP (VP is (VP marked (PP for (NP (NP potential transfers )NP (PP to (NP (NP research , management and flight accounts )NP (SBAR (WHNP that )WHNP (S (VP are (VP spent (PRT out )PRT (PP at (NP a faster *UNK )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The bill 's )NP managers )NP (VP face (NP criticism )NP , (ADVP too )ADVP , (PP for (NP (NP the unusual number )NP (PP of (NP (NP conditions )NP (VP (ADVP openly )ADVP imposed (PP on (SBAR (WHADVP where )WHADVP (S (NP funds )NP (VP will (VP be (VP spent )VP )VP )VP )S )SBAR )PP )VP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Conservatives )NP , (VP *UNKED (PP by (NP (NP Republican *UNKING scandals )NP (PP at (NP (NP the Department )NP (PP of (NP (UCP Housing and Urban )UCP Development )NP )PP )NP )PP )NP )PP )VP , )NP (VP have (VP used (NP the issue )NP (PP in (NP an effort (S (VP to (VP shift (NP blame )NP (PP onto (NP a *UNKED Congress )NP )PP )VP )VP )S )NP )PP )VP )VP . )S  STOP
(S (NP HUD Secretary Jack Kemp )NP (VP (VP backed (NP an unsuccessful effort (S (VP to (VP strike (NP such language )NP )VP )VP )S )NP (NP last week )NP )VP , but (VP received (NP little support )NP (PP from (NP (NP the White House budget office )NP , (SBAR (WHNP which )WHNP (S (VP (VP wants (S (VP to (VP protect (NP (NP *UNK- funding )NP (PP in (NP the bill )NP )PP )NP )VP )VP )S )VP and (VP has (VP *UNKED (S (VP to (VP turn (NP its eyes )NP (PP from (NP *UNK- amendments )NP )PP )VP )VP )S )VP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (PP Within (NP (NP *UNK funds )NP (PP for (NP community development grants )NP )PP )NP )PP , (NP (QP more than $ 3.7 million )QP )NP (VP is (VP *UNKED (PP to (NP (NP six projects )NP (PP in (NP (NP Michigan )NP , (NP (NP home state )NP (PP of (NP (NP a subcommittee chairman )NP , (NP Rep. Bob *UNKC )NP )NP )PP )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP House Speaker Thomas *UNKC )NP (VP won (NP $ *UNKN )NP (PP for (NP (NP a project )NP (PP in (NP (NP his district )NP (PP in (NP Washington state )NP )PP )NP )PP )NP )PP )VP )S , and (S (NP (NP (QP $ 1.3 million )QP )NP , (VP *UNKED (PP by (NP Sen. Daniel *UNKC )NP )PP )VP , )NP (VP amounts (PP to (NP (NP a business *UNK )NP (PP under (NP (NP the title )NP `` (NP *UNKC sugar mills job *UNK )NP )NP )PP )NP )PP )VP )S . '' )S  STOP
(S (NP The powerful Democrat )NP (VP had (ADVP first )ADVP (VP wanted (S (VP to (VP add (NP (NP language )NP (VP *UNKING (NP (NP environmental restrictions )NP (PP on (NP (NP two mills )NP (PP on (NP the *UNKC coast )NP )PP (SBAR (WHNP that )WHNP (S (VP are (VP threatening (S (VP to (VP close )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP )VP )NP )VP )VP )S )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP this plan )NP (VP met (NP resistance )NP )VP )S )SBAR , (NP (NP it )NP )NP (VP was (VP agreed (ADVP instead )ADVP (S (VP to (VP take (NP money )NP (PP from (NP HUD )NP )PP (S (VP to (VP *UNK (NP (NP needed improvements )NP (PP in (NP (NP two settling *UNK )NP (PP for (NP (NP the mills )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP an estimated 1,500 workers )NP )VP )S )SBAR )NP )PP )NP )PP )NP )VP )VP )S )VP )VP )S , (PP according (PP to (NP (NP Mr. *UNKC 's )NP office )NP )PP )PP )VP )VP . )S  STOP
(S (NP (NP (NP (NP (NP Dennis *UNKC 's )NP Oct. 13 *UNK- article )NP )NP `` (NP (NP River )NP (PP of (NP *UNKC )NP )PP )NP )NP , '' (PP about (NP (NP the poverty )NP (PP along (NP the Mississippi )NP )PP )NP )PP , )NP (VP *UNKED (NP (NP *UNK *UNK )NP (PP of (SBAR (WHADVP when )WHADVP (S (NP my parents )NP (VP were (NP *UNK )NP (PP in (NP *UNK Arkansas )NP )PP , (NP (NP (QP only a few )QP miles )NP (PP from (NP the *UNK )NP )PP )NP )VP )S )SBAR )PP )NP )VP . )S  STOP
(S (SBAR Although (S (NP we )NP (VP were (ADJP white )ADJP )VP )S )SBAR , (NP (NP the same economic factors )NP )NP (VP affected (NP us )NP (SBAR as (S (VP *UNK (NP (NP the black people )NP (SBAR (S (NP Mr. *UNKC )NP (VP writes (PP about )PP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP (NP an *UNK )NP (PP with (NP a college degree )NP )PP )NP (VP (VP bought (NP a small farm )NP )VP and (VP moved (NP us )NP (ADVP (NP 50 miles )NP north (PP to (NP (NP good schools )NP and (NP (NP an environment )NP (SBAR (WHNP that )WHNP (S (VP opened (NP (NP the world )NP (PP of (NP opportunity )NP )PP )NP (PP for (NP (NP me )NP (PP as (NP an *UNK- )NP )PP )NP )PP )VP )S )SBAR )NP )NP )PP )ADVP )VP )VP . )S  STOP
(S (SBAR Though (S (NP I )NP (VP 've (VP been (VP *UNKED (PP with (NP (NP academic *UNK )NP and (NP (NP some success )NP (PP in (NP the *UNK world )NP )PP )NP )NP )PP )VP )VP )VP )S )SBAR , (NP I )NP (VP 've (ADVP never )ADVP (VP (VP *UNK )VP or (VP lost (NP contact )NP (PP with )PP )VP (NP (NP those *UNK )NP (PP of (NP the *UNK )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Most )NP (PP of (NP the land )NP )PP (PP in (NP (NP (ADJP that and other )ADJP parts )NP (PP of (NP the Delta )NP )PP )NP )PP )NP (VP are (ADVP now )ADVP (VP owned (PP by (NP (NP (ADJP second , third or fourth )ADJP *UNK )NP (PP of (NP the same families )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP These )NP (VP are (NP (NP the families )NP (SBAR (WHNP who )WHNP (S (VP (VP used )VP (PRN -- and (VP (ADVP sometime )ADVP *UNKED )VP -- )PRN (NP (NP their *UNK )NP , (NP (NP people )NP (SBAR (WHNP who )WHNP (S (VP had (NP (NP no *UNK )NP and (NP (NP little access )NP (PP to (NP (NP an education )NP or (NP (NP training )NP (PP for (NP a better life )NP )PP )NP )NP )PP )NP )NP )VP )S )SBAR )NP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP Following (NP World War II )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP (NP one family )NP (PP with (NP *UNKED equipment )NP )PP )NP (VP could (VP farm (NP (NP crops )NP (VP (ADVP formerly )ADVP requiring (NP 20 families )NP )VP )NP )VP )VP )S )SBAR , (NP the surplus people )NP (VP were (VP dumped (PP into (NP (NP the *UNK )NP (PP of (NP society )NP )PP )NP )PP (PP with (NP (NP no Social Security )NP , (NP (NP no skills )NP (PP in (NP the *UNK )NP )PP )NP , (NP (NP no hope )NP (PP for (NP their future )NP )PP (PP except (NP *UNK )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S And (NP today )NP , (NP (NP many )NP (PP of (NP their children , *UNK and *UNK- )NP )PP )NP (VP remain (PP on (NP *UNK )NP )PP )VP . )S  STOP
(S (PP In (NP the meantime )NP )PP , (NP the *UNK )NP (VP continue (VP receiving (NP (NP *UNK subsidies )NP (SBAR (WHNP that )WHNP (S (VP began (PP during (NP New *UNKC days )NP )PP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S Or (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP choose not (S (VP to (VP farm )VP )VP )S )VP )S )SBAR )NP (VP can (VP lease (NP their (NX (NX *UNK )NX and (NX crop *UNK )NX )NX )NP (PP for (NP *UNK *UNK )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP Farmers )NP (PP in (NP (NP the Midwest )NP and (NP other areas )NP )NP )PP )NP (VP have (VP suffered )VP )VP )S , but (S (NP (NP those )NP (PP along (NP the Mississippi )NP )PP )NP (VP continue (S (VP to (VP *UNK (PP with (NP (NP holdings )NP (SBAR (WHNP that )WHNP (S (VP were (VP built (PP with (NP (NP the *UNK )NP (PP of (NP (NP men and women )NP (VP living (PP in (NP economic *UNK )NP )PP )VP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )S . )S  STOP
(S And (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP were (ADVP no longer )ADVP (VP needed )VP )VP )S )SBAR , (NP they )NP (VP were (VP turned (ADVP loose )ADVP (S (ADJP *UNKED (S (VP to (VP build (NP (NP lives )NP (PP of (NP their own )NP )PP )NP )VP )VP )S )ADJP )S )VP )VP . )S  STOP
(NP *UNKC Harris )NP  STOP
(NP Chairman )NP  STOP
(NP *UNKC Bank )NP  STOP
(NP Atlanta )NP  STOP
(S (SBAR Because (S (NP (NP the cycle )NP (PP of (NP (NP poverty )NP (PP along (NP the lower Mississippi )NP )PP )NP )PP )NP (VP goes (ADVP back )ADVP (NP so many *UNK )NP )VP )S )SBAR , (S (VP breaking (NP this cycle )NP )VP )S (VP will (VP be (PP next (PP to (ADJP impossible )ADJP )PP )PP )VP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP the cycle )NP (VP appears (PP not (PP as (NP waves )NP )PP but (PP as (NP a downward *UNK )NP )PP )PP )VP . )S  STOP
(S Yet (NP the evidence (SBAR that (S (NP we )NP (VP have not (VP hit (NP bottom )NP )VP )VP )S )SBAR )NP (VP is (VP found (PP in (NP the fact (SBAR that (S (NP we )NP (VP are not (ADVP yet )ADVP (VP helping (NP ourselves )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP The people )NP (PP of (NP the Delta )NP )PP )NP (VP are (VP waiting (PP for (NP (NP (NP that big factory )NP (SBAR (S (VP to (VP open )VP )VP )S )SBAR )NP , (NP (NP *UNK traffic )NP (SBAR (S (VP to (VP increase )VP )VP )S )SBAR )NP , (NP (NP government spending )NP (SBAR (S (VP to (VP fund (NP *UNKING programs )NP )VP )VP )S )SBAR )NP or (NP (NP public schools )NP (SBAR (S (VP to (VP *UNK (NP *UNK students )NP )VP )VP )S )SBAR )NP )NP )PP )VP )VP . )S  STOP
(S (SBAR Because (S (NP we )NP (VP refuse (S (VP to (VP face (NP the tough answers )NP )VP )VP )S )VP )S )SBAR , (NP the questions )NP (VP continue (PP as (NP (NP *UNK )NP (PP (PP for (NP the commissions and committees )NP )PP , (PP for (NP the media and politicians )NP )PP )PP )NP )PP )VP . )S  STOP
(S (NP *UNKC *UNK )NP (VP does not (VP lend (NP itself )NP (PP to (S (VP *UNKING (NP (NP the problems )NP (PP of (NP (NP *UNK )NP , (NP *UNK pregnancy )NP or (NP (NP lack )NP (PP of (NP *UNK support or *UNK )NP )PP )NP )NP )PP )NP )VP )S )PP )VP )VP . )S  STOP
(SQ Does (NP the Delta )NP (VP *UNK (NP government help )NP (PP in (S (VP attracting (NP industry )NP )VP )S )PP (SBAR (WHADVP when )WHADVP (S (NP (NP (NP the majority )NP (PP of (NP residents )NP )PP )NP , (ADJP black and white )ADJP , )NP (VP do not (VP realize (SBAR (S (NP *UNK )NP (VP *UNK (NP potential employers )NP )VP )S )SBAR )VP )VP )S )SBAR )VP ? )SQ  STOP
(SQ *UNKC (NP we )NP (VP focus (PP on (NP (NP the region 's )NP *UNK- rate )NP )PP (SBAR (WHADVP when )WHADVP (S (NP (NP the *UNK *UNK- )NP and (NP the (NX (NX school boards )NX , (NX *UNK )NX and (NX legislators )NX )NX )NP )NP (VP *UNK (NP schools )NP (PP from (S (VP *UNKING (NP (NP the two ways )NP (PRN -LRB- (NP *UNK or *UNK )NP -RRB- )PRN (PP of (S (VP *UNKING (NP *UNK pregnancy )NP )VP )S )PP )NP )VP )S )PP )VP )S )SBAR )VP ? )SQ  STOP
(S (S (NP Delta problems )NP (VP are (ADJP difficult , not impossible , (SBAR (S (VP to (VP solve )VP )VP )S )SBAR )ADJP )VP )S -- (S (NP I )NP (VP am (ADVP just )ADVP not (VP convinced (SBAR that (S (NP we )NP (VP are (ADJP ready (S (VP to (VP solve (NP them )NP (ADVP yet )ADVP )VP )VP )S )ADJP )VP )S )SBAR )VP )VP )S . )S  STOP
(NP *UNKC *UNKC *UNKC )NP  STOP
(NP (NP Little Rock )NP , (NP *UNKC )NP . )NP  STOP
(S (NP I )NP (VP would (VP like (S (VP to (VP issue (NP a challenge )NP (PP to (NP corporate America )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The next time )NP (SBAR (S (S (NP expansion plans )NP (VP are (VP mentioned (PP at (NP the old company )NP )PP )VP )VP )S and (S (NP somebody )NP (VP says , `` (S (INTJ *UNK *UNK )INTJ , (NP guys )NP , (NP nobody )NP (VP can (VP do (NP it )NP (PP like (NP (NP Japan )NP or (NP South Korea )NP )NP )PP )VP )VP )S )VP )S )S )SBAR )NP , '' (NP I )NP (VP wish (SBAR (S (NP you )NP (VP would (VP (VP *UNK (PRT in )PRT )VP and (VP say , `` (S (S (VP *UNKC (NP it )NP , (NP *UNK )NP , )VP )S (SBARQ (WHADVP why )WHADVP (SQ do n't (NP we )NP (VP (VP compare (NP prices )NP )VP and (VP use (NP our own little Third World country )NP )VP )VP )SQ )SBARQ )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP We )NP (VP would (ADVP even )ADVP (VP save (PP on (NP freight )NP )PP )VP )VP . '' )S  STOP
(S (NP There )NP (VP is (NP (NP no mystery )NP (SBAR (WHADVP why )WHADVP (S (NP the Delta )NP (VP *UNKED `` (S (VP *UNKC ' (NP the *UNKC )NP )VP )S )VP )S )SBAR )NP )VP . '' )S  STOP
(NP *UNKC S. *UNKC *UNK )NP  STOP
(NP (NP *UNKC )NP , (NP Miss )NP . )NP  STOP
(S (NP Your story )NP (VP is (NP (NP an *UNK )NP (PP to (NP (NP the citizens )NP (PP of (NP the Mississippi Delta )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Many )NP (PP of (NP (NP the problems )NP (SBAR (S (NP you )NP (VP presented )VP )S )SBAR )NP )PP )NP (VP exist (PP in (NP (NP every part )NP (PP of (NP this country )NP )PP )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (PP (NP (QP only two )QP blocks )NP from (NP (NP President Bush 's )NP *UNK )NP )PP )VP . )S  STOP
(S (S (PP For (NP years )NP )PP , (NP we )NP (VP tried (S (VP to (VP ignore (NP (NP the problem )NP (PP of (NP poverty )NP )PP )NP )VP )VP )S )VP )S , and (S (ADVP now (SBAR that (S (NP it )NP (VP has (VP gotten (ADVP out (PP of (NP hand )NP )PP )ADVP )VP )VP )S )SBAR )ADVP (NP it )NP (VP 's (NP a new *UNK )NP (PP for (NP (NP the media )NP and (NP our Democratic Congress )NP )NP )PP )VP )S . )S  STOP
(S (S (NP Nobody )NP (VP should (VP have (S (VP to (VP live (PP in (NP (NP such poor conditions )NP (PP as (PP in `` (NP *UNKC *UNKC )NP )PP )PP )NP )PP )VP )VP )S )VP )VP )S , '' but (S (SBAR (WHADVP when )WHADVP (S (NP you )NP (VP travel (PP to (NP (NP Washington )NP , (NP Boston )NP , (NP Chicago )NP or (NP New York )NP )NP )PP )VP )S )SBAR , (NP the same problems )NP (VP exist )VP )S . )S  STOP
(S (NP The only difference )NP (VP is , (SBAR (S (PP in (NP those cities )NP )PP (NP the poor )NP (VP are (VP *UNKED (PP in (NP (NP *UNK- *UNK )NP (S (NP each )NP (VP consisting (PP of (NP one room )NP )PP , (PP (PP with (NP (NP (NP *UNK *UNK )NP (VP called (S (NP *UNKING )NP )S )VP )NP , (NP (NP *UNK and *UNK )NP (ADVP *UNK )ADVP )NP and (NP *UNKING *UNK )NP )NP )PP -- and (PP with (NP (NP the building )NP (VP *UNKED (PP by (NP (NP *UNK )NP and (NP drug dealers )NP )NP )PP )VP )NP )PP )PP )VP )S )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Many *UNK- people )NP (VP would (VP love (NP free (NX (NX food )NX , (NX Medicaid insurance )NX , (NX utilities )NX and (NX rent )NX )NX )NP )VP )VP . )S  STOP
(S Then (ADVP maybe )ADVP (NP I )NP (VP could (VP (VP stay (ADVP home )ADVP )VP and (VP have (NP seven children )NP )VP and (VP watch (NP *UNKC *UNKC )NP )VP , (PP like (NP (NP *UNKC )NP (PP in (NP the article )NP )PP )NP )PP , (PP instead of (S (VP (VP having (NP one child )NP )VP and (VP working (ADVP constantly )ADVP (S (ADVP just )ADVP (VP to (VP stay (PP above (NP water )NP )PP )VP )VP )S , (PP like (NP (NP (ADJP so many )ADJP families )NP (PP in (NP this country )NP )PP )NP )PP )VP )VP )S )PP )VP )VP . )S  STOP
(NP *UNKC *UNKC Wilson )NP  STOP
(NP (NP *UNKC )NP , (NP Miss )NP . )NP  STOP
(S (NP Mobil Corp. )NP (VP is (PP in (NP (NP the midst )NP (PP of (S (VP cutting (PRT back )PRT (NP (NP its exploration and production group )NP , (SBAR (WHNP which )WHNP (S (VP finds and *UNK (NP oil and gas reserves )NP (PP in (NP the U.S. )NP )PP )VP )S )SBAR , )NP (PP by (NP (NP as much )NP (PP as (NP 15 % )NP )PP )NP )PP (PP as (NP (NP part )NP (PP of (NP (NP a new restructuring )NP (PP of (NP (NP that sector )NP (PP of (NP its business )NP )PP )NP )PP )NP )PP )NP )PP )VP )S )PP )NP )PP )VP . )S  STOP
(S (NP Management )NP (VP advised (NP employees )NP (NP Friday )NP (SBAR that (S (NP it )NP (VP was (VP going (S (VP to (VP reduce (NP employment )NP (PP in (NP (NP production operations )NP (PP of (NP the group )NP )PP )NP )PP (PP by (NP (NP 8 % )NP , or (NP 400 people )NP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP The exploration side )NP (PP of (NP the unit )NP )PP )NP (VP has (ADVP recently )ADVP (VP *UNK (NP (NP a similar overhaul )NP , (SBAR (WHPP during (WHNP which )WHNP )WHPP (S (NP it )NP (ADVP also )ADVP (VP lost (NP (QP as many as 400 )QP employees )NP )VP )S )SBAR )NP )VP )VP )S , (NP a company spokesman )NP (VP said (PP in (NP (NP response )NP (PP to (NP questions )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Mobil *UNKC & *UNKING U.S. Inc. )NP , (NP (NP the group )NP (VP involved )VP )NP , )NP (ADVP currently )ADVP (VP has (NP (NP a work force )NP (PP of (NP (QP somewhat less than 5,000 )QP )NP )PP )NP )VP . )S  STOP
(S (ADVP (NP A few years )NP ago )ADVP , (NP Mobil )NP (VP restructured (NP the entire company )NP (PP during (NP an industrywide *UNK )NP )PP )VP . )S  STOP
(S But (PP since (NP then )NP )PP (S (NP U.S. oil production )NP (VP has (VP declined )VP )VP )S and (S (NP Mobil )NP (VP wants (S (VP to (VP focus (NP its *UNKING efforts )NP (ADVP overseas )ADVP )VP )VP )S )VP )S . )S  STOP
(S (NP Mobil )NP (VP *UNKED (PP to (NP the *UNK- cuts )NP )PP (NP last week )NP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP (VP took (NP a (ADJP (QP $ 40 million )QP )ADJP charge )NP (PP as (NP (NP part )NP (PP of (NP its third-quarter earnings )NP )PP )NP )PP )VP and (VP attributed (NP it )NP (PP to (NP a restructuring )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mobil officials )NP (VP said (SBAR that (S (NP it )NP (VP is (ADJP unlikely (SBAR (S (NP (NP any additional charges )NP (VP related (PP to (NP this move )NP )PP )VP )NP (VP will (VP be (VP taken (PP in (NP future quarters )NP )PP )VP )VP )VP )S )SBAR )ADJP )VP )S )SBAR )VP . )S  STOP
(S (PP On (NP Wednesday )NP )PP , (NP Mobil )NP (VP will (VP begin (S (VP offering (NP (NP *UNK packages )NP and (NP *UNK retirement )NP )NP )VP )S (PP in (NP its U.S. production operation )NP )PP )VP )VP . )S  STOP
(S (NP Mobil officials )NP (VP said (SBAR (S (NP they )NP (VP have (VP been (VP studying (NP (NP ways )NP (PP of (S (VP streamlining (NP these operations )NP )VP )S )PP )NP (PP since (NP early this year )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP During (NP the coming months )NP )PP , (S (NP (NP *UNK )NP (PP of (NP management )NP )PP )NP (VP will (VP be (VP *UNKED (ADVP away )ADVP )VP )VP )VP )S and (S (NP regional offices )NP (VP will (VP become (ADJP more *UNK )ADJP )VP )VP )S . )S  STOP
(S (S (PP For (NP greater efficiency )NP )PP , (NP (NP employees )NP (PP at (NP those locations )NP )PP )NP (VP will (VP be (VP *UNKED (PP into (NP (NP teams )NP (ADJP responsible (PP for (S (VP managing (NP (NP the properties )NP (PP under (NP their *UNK )NP )PP )NP )VP )S )PP )ADJP )NP )PP )VP )VP )VP )S , (NP Mobil )NP (VP said )VP . )S  STOP
(SINV `` (S (NP (NP The main feature )NP (PP of (NP the new organization )NP )PP )NP (VP is (SBAR that (S (NP each local manager )NP (VP will (VP have (NP (NP both the authority and *UNK )NP (PP for (NP (ADJP (ADJP profitable )ADJP and (ADJP *UNKLY sound )ADJP )ADJP operations )NP )PP )NP )VP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP Charles E. *UNKC )NP , (NP (NP president )NP (PP of (NP the Mobil unit )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP Field offices )NP (PP at (NP (NP New *UNKC )NP ; (NP Houston )NP ; (NP Denver )NP ; (NP (NP Midland )NP , (NP *UNKC )NP )NP ; (NP (NP *UNKC )NP , (NP Calif. )NP )NP ; (NP Oklahoma City )NP ; and (NP (NP *UNKC )NP , (NP *UNKC )NP , )NP )NP )PP )NP (VP will (VP be (VP maintained )VP )VP )VP . )S  STOP
(S But (NP (NP the staffs )NP (PP at (NP (NP some )NP (PP of (NP those locations )NP )PP )NP )PP )NP (VP will (VP be (VP slashed (SBAR while (S (PP at (NP others )NP )PP (NP the work force )NP (VP will (VP be (VP increased )VP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (PP For (NP instance )NP )PP , (NP (NP employment )NP (PP in (NP Denver )NP )PP )NP (VP will (VP be (VP reduced (PP to (NP *UNKN )NP )PP (PP from (NP *UNKN )NP )PP )VP )VP )VP . )S  STOP
(S But (PP on (NP the West Coast )NP )PP , (SBAR (WHADVP where )WHADVP (S (NP profitable oil production )NP (VP is (ADJP (ADJP more likely )ADJP (PP than (PP in (NP the *UNK region )NP )PP )PP )ADJP )VP )S )SBAR , (NP (NP the (NAC *UNKC , Calif. , )NAC office staff )NP (PP of (NP 130 )NP )PP )NP (VP will (VP grow (PP by (NP *UNKN )NP )PP (PP to (NP *UNKN )NP )PP )VP )VP . )S  STOP
(S (S (NP The reorganization )NP (VP will `` (VP focus (PP on (NP (NP the value and potential )NP (PP of (NP assets )NP )PP )NP )PP )VP )VP )S , '' (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(FRAG (S (VP *UNKED )VP )S : (NP (NP An investment )NP (SBAR (WHNP that )WHNP (S (VP (VP 's (ADJP (ADJP as simple and secure )ADJP (PP as (NP (NP a *UNK )NP (PP of (NP deposit )NP )PP )NP )PP )ADJP )VP but (VP offers (NP (NP a return )NP (ADJP worth (S (VP getting (ADJP *UNKED (PP about )PP )ADJP )VP )S )ADJP )NP )VP )VP )S )SBAR )NP . )FRAG  STOP
(S (PP With (S (NP (NP (QP $ 150 billion )QP )NP (PP of (NP CDs )NP )PP )NP (VP maturing (NP this month )NP )VP )S )PP , (NP (NP a lot )NP (PP of (NP people )NP )PP )NP (VP have (VP been (VP *UNKING (NP the financial landscape )NP (PP for (NP just such an investment )NP )PP )VP )VP )VP . )S  STOP
(S (PP In (NP April )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP (NP many )NP (PP of (NP them )NP )PP )NP (VP bought (NP their CDs )NP )VP )S )SBAR , (S (NP six-month certificates )NP (VP were (VP yielding (NP (QP more than 9 )QP % )NP )VP )VP )S ; (S (NP (NP investors )NP (ADJP willing (S (VP to (VP look )VP )VP )S )ADJP )NP (VP could (VP find (NP *UNK- yields )NP (PP at (NP some banks and thrifts )NP )PP )VP )VP )S . )S  STOP
(S (ADVP Now )ADVP , (S (NP (NP the nationwide average yield )NP (PP on (NP a six-month CD )NP )PP )NP (VP is (NP (QP just under 8 )QP % )NP )VP )S , and (S (NP 8.5 % )NP (VP is (NP (NP about the best )NP (ADVP around )ADVP )NP )VP )S . )S  STOP
(S But (NP (NP investors )NP (VP looking (PP for (NP alternatives )NP )PP )VP )NP (VP are n't (VP finding (S (NP it )NP (ADJP easy )ADJP )S )VP )VP . )S  STOP
(S (NP (NP Yields )NP (PP on (NP most *UNK- securities )NP )PP )NP (VP are (ADJP (ADJP lower )ADJP (PP than (ADVP (NP several months )NP ago )ADVP )PP )ADJP )VP . )S  STOP
(S And (NP (NP the stock market 's )NP recent gyrations )NP (VP are (NP (NP a painful *UNK )NP (PP of (NP (NP the *UNK )NP (ADVP there )ADVP )NP )PP )NP )VP . )S  STOP
(SINV `` (S (SBAR If (S (NP you )NP (VP 're (VP looking (PP for (NP (NP a (ADJP significantly higher )ADJP yield )NP (PP with (NP (NP the same level )NP (PP of (NP risk )NP )PP (PP as (NP a CD )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR , (NP you )NP (VP 're not (VP going (S (VP to (VP find (NP it )NP )VP )VP )S )VP )VP )S , '' (VP says )VP (NP Washington financial planner Dennis M. *UNKC )NP . )SINV  STOP
(S (S (NP There )NP (VP are , (ADVP however )ADVP , (NP (NP some alternatives )NP (SBAR (WHNP that )WHNP (S (NP *UNKED investors )NP (VP should (VP consider )VP )VP )S )SBAR )NP )VP )S , (NP investment advisers )NP (VP say )VP . )S  STOP
(S (NP (NP *UNKC municipal bonds )NP , (NP bond funds )NP and (NP *UNKED *UNK )NP )NP (VP are (NP (NP some )NP (PP of (NP (NP the choices )NP (SBAR (S (NP they )NP (VP mention (FRAG -- and not (ADVP just )ADVP (PP as (NP (NP a way )NP (SBAR (S (VP to (VP get (NP a higher return )NP )VP )VP )S )SBAR )NP )PP )FRAG )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (PP In (NP particular )NP )PP (PRN , (S (NP advisers )NP (VP say )VP )S , )PRN (NP investors )NP (VP may (VP want (S (VP to (VP look (PP at (NP (NP securities )NP (SBAR (WHNP that )WHNP (S (VP reduce (NP (NP the risk )NP (SBAR (WHNP that )WHNP (S (NP CD holders )NP (VP are (VP *UNKING (ADVP right now )ADVP )VP )VP )S )SBAR , (PP of (S (VP having (S (VP to (VP *UNK (NP (NP the proceeds )NP (PP of (NP maturing short-term certificates )NP )PP )NP (PP at (NP lower rates )NP )PP )VP )VP )S )VP )S )PP )NP )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP A mix )NP (PP of (NP (NP CDs )NP and (NP other holdings )NP )NP )PP )NP (VP may (VP make (NP the most sense )NP )VP )VP . )S  STOP
(SINV `` (S (S (NP People )NP (VP should (VP remember (SBAR (S (NP their money )NP (VP is n't (ADVP all or nothing )ADVP )VP )S )SBAR )VP )VP )S -- (S (NP they )NP (VP do n't (VP need (S (VP to (VP be (VP (VP shopping (PP for (NP the one *UNK- investment )NP )PP )VP and (VP putting (NP all their money )NP (PP in (NP it )NP )PP )VP )VP )VP )VP )S )VP )VP )S )S , '' (VP says )VP (NP (NAC *UNKC , Md. , )NAC adviser *UNKC *UNKC )NP . )SINV  STOP
(SINV (ADVP Here )ADVP (VP 's )VP (NP (NP a look )NP (PP at (NP (NP some )NP (PP of (NP the alternatives )NP )PP )NP )PP )NP : )SINV  STOP
(NP *UNKC *UNKC : )NP  STOP
(S (NP (NP Investors )NP (PP with (NP a heavy tax load )NP )PP )NP (VP should (VP take (PRT out )PRT (NP their *UNK )NP )VP )VP . )S  STOP
(S (NP (NP Yields )NP (PP on (NP municipal bonds )NP )PP )NP (VP can (VP be (ADJP (ADJP higher )ADJP (PP than (NP (NP after-tax yields )NP (PP on (NP CDs )NP )PP )NP )PP )ADJP (PP for (NP (NP maturities )NP (PP of (NP (QP perhaps one to five )QP years )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP That )NP (VP 's (SBAR because (S (NP *UNK- interest )NP (VP is (ADJP *UNK (PP (PP from (NP federal income tax )NP )PP -- and (PP from (NP state and local taxes )NP (ADVP too )ADVP )PP )PP )ADJP , (PP for (NP *UNK- investors )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP (NP an investor )NP (VP paying (NP tax )NP (PP at (NP a (ADJP 33 % )ADJP rate )NP )PP )VP )NP )PP , (NP (NP a (ADJP seemingly *UNK )ADJP (ADJP 6 % )ADJP yield )NP (PP on (NP a one-year *UNK )NP )PP )NP (VP is (ADJP equivalent (PP to (NP a taxable 9 % )NP )PP )ADJP )VP . )S  STOP
(S (NP (NP *UNKC )NP )NP (VP approach (NP 6.5 % )NP (PP on (NP five-year *UNK )NP )PP )VP . )S  STOP
(S (NP (NP Some )NP (PP of (NP the (ADJP more cautious )ADJP CD holders )NP )PP )NP (VP might (VP like (NP `` *UNKED '' *UNK )NP )VP )VP . )S  STOP
(S (NP These securities )NP (VP get (NP top credit ratings )NP (SBAR because (S (NP the issuers )NP (VP have (VP put (PRT aside )PRT (NP (NP U.S. bonds )NP (SBAR (WHNP that )WHNP (S (VP will (VP be (VP sold (S (VP to (VP pay (PRT off )PRT (NP holders )NP )VP )VP )S (SBAR (WHADVP when )WHADVP (S (NP the municipals )NP (VP are (VP retired )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (S (NP It )NP (VP 's (NP a *UNK- )NP )VP )S : (S (S (NP You )NP (VP do n't (VP have (S (VP to (VP worry (PP about (NP *UNK )NP )PP )VP )VP )S )VP )VP )S ; (S (NP you )NP (VP do n't (VP have (S (VP to (VP worry (PP about (NP quality )NP )PP )VP )VP )S )VP )VP )S )S )S , '' (VP says )VP (NP (NP Steven J. *UNKC )NP , (NP (NP executive vice president )NP (PP of (NP (NP the New York bond firm )NP (PP of (NP *UNKC , *UNKC & *UNKC Inc )NP )PP )NP )PP )NP )NP . )SINV  STOP
(SINV (S (VP Consider (NP (NP a `` *UNKED '' bond portfolio )NP , (PP with (NP (NP issues )NP (VP maturing (PP in (PRN , (ADVP say )ADVP , )PRN (NP 1992 , 1993 and 1994 )NP )PP )VP )NP )PP )NP )VP )S , (VP advises )VP (NP (NP Malcolm A. *UNKC )NP , (NP a (NAC *UNKLY , *UNKC , )NAC financial planner )NP )NP . )SINV  STOP
(S (NP The idea )NP (VP is (S (VP to (VP have (S (NP money )NP (VP rolling (PRT over )PRT (NP each year )NP (PP at (NP *UNKING interest rates )NP )PP )VP )S )VP )VP )S )VP . )S  STOP
(NP *UNKC FUNDS : )NP  STOP
(S (NP Bond mutual funds )NP (VP (VP offer (NP *UNK )NP )VP and (VP are (ADJP easy (SBAR (S (VP to (VP buy and sell )VP )VP )S )SBAR )ADJP )VP )VP . )S  STOP
(S (NP That )NP (VP makes (S (NP them )NP (NP a reasonable option )NP )S (PP for (NP (NP investors )NP (SBAR (WHNP who )WHNP (S (VP will (VP accept (NP (NP some risk )NP (PP of (NP price *UNK )NP )PP )NP (SBAR in order (S (VP to (VP make (NP a bet (SBAR that (S (NP interest rates )NP (VP will (VP decline (PP over (NP the next year (QP or so )QP )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP can (VP look (PRT forward )PRT (PP to (NP *UNK- annual returns )NP )PP (SBAR if (S (NP they )NP (VP are (ADJP right )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S But (NP they )NP (VP will (VP have (NP (NP disappointing returns )NP or (ADVP even )ADVP (NP losses )NP )NP (SBAR if (S (NP interest rates )NP (VP rise (ADVP instead )ADVP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Bond *UNK prices )NP , and (ADVP thus )ADVP (NP fund share prices )NP , )NP (VP move (PP in (NP (NP the opposite direction )NP (PP from (NP rates )NP )PP )NP )PP )VP . )S  STOP
(S (NP The price movements )NP (VP get (ADJP bigger )ADJP (SBAR as (S (NP (NP the maturity )NP (PP of (NP the securities )NP )PP )NP (VP *UNK )VP )S )SBAR )VP . )S  STOP
(S (VP Consider , (PP for (NP instance )NP )PP , (NP (NP two bond funds )NP (PP from (NP (NP *UNKC Group )NP (PP of (NP Investment Cos. )NP )PP )NP )PP (SBAR (WHNP that )WHNP (S (VP were both (VP yielding (NP *UNKN % )NP (PP on (NP a recent day )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP The Short *UNKC Bond Fund )NP , (PP with (NP (NP an average maturity )NP (PP of (NP (QP 2 1\/2 )QP years )NP )PP )NP )PP , )NP (VP would (VP (VP deliver (NP (NP a total return )NP (PP for (NP one year )NP )PP (PP of (NP (QP about *UNKN )QP % )NP )PP )NP (SBAR if (S (NP rates )NP (VP drop (NP one percentage point )NP )VP )S )SBAR )VP and (VP (NP (NP a one-year return )NP (PP of (NP (QP about 6.6 )QP % )NP )PP )NP (SBAR if (S (NP rates )NP (VP rise (PP by (NP the same amount )NP )PP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S But , (PP in (NP the same circumstances )NP )PP , (NP the returns )NP (VP would (VP be (NP a (ADJP more extreme )ADJP (NX (NX *UNKN % )NX and (NX 2.6 % )NX )NX )NP (PP for (NP (NP the *UNKC Bond Market Fund )NP , (PP with (NP its (ADJP 12 *UNK- )ADJP average maturity )NP )PP )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP You )NP (VP get (NP *UNK- returns )NP '' (PP from (NP bonds )NP )PP (SBAR if (S (NP you )NP (VP guess (ADVP right )ADVP (PP on (NP rates )NP )PP )VP )S )SBAR )VP )S , (VP says )VP (NP (NP James E. Wilson )NP , (NP a (NAC Columbia , *UNKC , )NAC planner )NP )NP . )SINV  STOP
(S (SBAR If (S (NP interest rates )NP (VP do n't (VP change )VP )VP )S )SBAR , (NP (NP bond fund investors ' )NP returns )NP (VP will (VP be (ADJP about equal (PP to (NP (NP the funds ' )NP current yields )NP )PP )ADJP )VP )VP . )S  STOP
(NP *UNKC *UNKC : )NP  STOP
(S (NP These insurance company contracts )NP (VP feature (NP (NP (NP some )NP (PP of (NP (NP the same tax benefits and restrictions )NP (PP as (NP *UNK- individual retirement accounts )NP )PP )NP )PP )NP : (S (S (NP Investment gains )NP (VP are (VP *UNKED (PP without (NP tax consequences )NP )PP (SBAR until (S (NP money )NP (VP is (VP *UNK )VP )VP )S )SBAR )VP )VP )S , but (S (NP a (ADJP 10 % )ADJP penalty tax )NP (VP is (VP imposed (PP on (NP (NP withdrawals )NP (VP made (PP before (NP age (QP 59 1\/2 )QP )NP )PP )VP )NP )PP )VP )VP )S )S )NP )VP . )S  STOP
(SINV (VP *UNKED (ADVP specifically )ADVP (PP at (NP CD holders )NP )PP )VP (VP are )VP (NP (NP so-called *UNKC *UNK )NP , or (NP (NP certificates )NP (PP of (NP *UNK )NP )PP )NP )NP . )SINV  STOP
(S (NP An interest rate )NP (VP is (VP guaranteed (PP for (NP (QP between one and seven )QP years )NP )PP , (SBAR (WHPP after (WHNP which )WHNP )WHPP (S (NP holders )NP (VP get (NP (NP 30 days )NP (SBAR (S (VP (VP to (VP choose (NP another guarantee period )NP )VP )VP or (VP to (VP switch (PP to (NP (NP another insurer 's )NP contract )NP )PP (PP without (NP (NP the *UNK charges )NP (SBAR (WHNP that )WHNP (S (VP are (ADJP common (PP to (NP *UNK )NP )PP )ADJP )VP )S )SBAR )NP )PP )VP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Some current rates )NP (VP exceed (NP (NP those )NP (PP on (NP CDs )NP )PP )NP )VP . )S  STOP
(S (PP For (NP instance )NP )PP , (NP (NP a *UNKC *UNK )NP (PP from (NP (NP (NP North American Co. )NP (PP for (NP Life & Health Insurance )NP )PP )NP , (NP Chicago )NP , )NP )PP )NP (VP (VP offers (NP (ADJP *UNKN % )ADJP interest )NP (PP for (NP one year )NP )PP )VP or (VP (NP a (ADJP 9 % )ADJP rate )NP (PP for (NP two years )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP are (ADVP rarely )ADVP (NP a good idea )NP (PP at (NP age 35 )NP )PP (PP because of (NP the withdrawal restrictions )NP )PP )VP . )S  STOP
(SINV (S But (PP at (NP age 55 )NP )PP , `` (NP they )NP (VP may (VP be (NP a great deal )NP )VP )VP )S , '' (VP says )VP (NP (NP Mr. Wilson )NP , (NP the (NAC Columbia , *UNKC , )NAC planner )NP )NP . )SINV  STOP
(NP MONEY *UNKC FUNDS : )NP  STOP
(UCP (S (NP That )NP (VP 's (ADJP right )ADJP )VP )S , (NP money market mutual funds )NP . )UCP  STOP
(S (NP The conventional wisdom )NP (VP is (S (VP to (VP (VP go (PP into (NP money funds )NP )PP (SBAR (WHADVP when )WHADVP (S (NP rates )NP (VP are (VP rising )VP )VP )S )SBAR )VP and (VP shift (ADVP out )ADVP (PP at (NP (NP times )NP (PP such as (NP the present )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP rates )NP (VP seem (VP headed (ADVP down )ADVP )VP )VP )S )SBAR )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (PP With (NP (NP average maturities )NP (PP of (NP a month (QP or so )QP )NP )PP )NP )PP , (NP money funds )NP (VP offer (NP (NP fixed share prices )NP and (NP (NP floating returns )NP (SBAR (WHNP that )WHNP (S (VP track (NP market interest rates )NP , (PP with (NP a slight lag )NP )PP )VP )S )SBAR )NP )NP )VP . )S  STOP
(SINV (S (ADVP Still )ADVP , (NP (NP today 's )NP *UNKING money funds )NP (VP may (VP beat (NP CDs )NP (PP over (NP the next year )NP )PP (SBAR (ADVP even )ADVP if (S (NP rates )NP (VP fall )VP )S )SBAR )VP )VP )S , (VP says )VP (NP (NP Guy *UNKC )NP , (NP (NP an editor )NP (PP of (NP (NP the Bond Market *UNKC newsletter )NP (PP in (NP Atlanta )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP That )NP (VP 's (SBAR because (S (NP *UNKING funds )NP (ADVP currently )ADVP (VP offer (NP (NP yields )NP (PP (NP (QP almost 1 1\/2 )QP percentage points )NP above (NP the average CD yield )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP likes (NP (NP the *UNKC *UNKC Dollar Money Market Fund )NP , (PP with (NP (NP a *UNK- compound yield )NP (PP (ADVP just )ADVP under (NP 9.5 % )NP )PP )NP )PP )NP )VP . )S  STOP
(S (S (NP A new fund )NP )S , (NP its operating expenses )NP (VP are (VP being (ADVP temporarily )ADVP (VP subsidized (PP by (NP the sponsor )NP )PP )VP )VP )VP . )S  STOP
(SINV (S (VP *UNKC (VP combining (NP (NP a money fund )NP and (NP an *UNK- bond fund )NP )NP (PP as (NP (NP a *UNK- bet )NP (PP on (NP falling rates )NP )PP )NP )PP )VP )VP )S , (VP suggests )VP (NP (NP Back Bay *UNKC Inc. )NP , (NP (NP a mutual fund unit )NP (PP of (NP New England Insurance Co )NP )PP )NP )NP . )SINV  STOP
(S (SBAR If (S (NP rates )NP (ADVP unexpectedly )ADVP (VP rise )VP )S )SBAR , (NP (NP the increasing return )NP (PP on (NP the money fund )NP )PP )NP (VP will (VP (ADVP partly )ADVP offset (NP (NP the *UNKED return )NP (PP from (NP the bond fund )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Federal drug regulators )NP , (ADJP concerned (PP over (NP British reports (SBAR that (S (NP diabetics )NP (VP have (VP died (PP after (S (VP shifting (PP from (ADJP animal )ADJP )PP (PP to (NP *UNKED insulin )NP )PP )VP )S )PP )VP )VP )S )SBAR )NP )PP )ADJP , )NP (VP say (SBAR (S (NP they )NP (VP are (VP considering (NP (NP a study )NP (SBAR (S (VP to (VP see (SBAR if (S (NP similar deaths )NP (VP have (VP occurred (ADVP here )ADVP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The United Kingdom reports )NP (VP came (PP from (NP (NP Dr. *UNKC *UNKC )NP , (NP (NP head )NP (PP of (NP clinical *UNK )NP )PP (PP at (NP (NP (NP Guy 's )NP Hospital )NP (PP in (NP London )NP )PP )NP )PP )NP )NP )PP )VP . )S  STOP
(S (PP In (NP a telephone interview )NP )PP (NP Friday )NP , (NP Dr. *UNKC )NP (VP said (SBAR (S (NP (NP the number )NP (PP of (NP (NP sudden , *UNKED deaths )NP (PP of (NP diabetics )NP )PP )NP )PP (SBAR (S (NP he )NP (VP had (VP seen (NP this year )NP )VP )VP )S )SBAR )NP (VP was (NP (NP 17 )NP (PP compared (PP with (NP (NP just two )NP (PP in (NP 1985 )NP )PP )NP )PP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP (QP At least six )QP )NP (PP of (NP the deaths )NP )PP )NP (VP occurred (PP among (NP (NP (ADJP relatively young )ADJP diabetics )NP (SBAR (WHNP who )WHNP (S (VP had (VP switched (PP from (NP animal )NP )PP (PP to (NP human insulin )NP )PP (PP within (NP the past year )NP )PP )VP )VP )S )SBAR )NP )PP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (NP (NP Dr. *UNKC *UNKC )NP , (NP (NP director )NP (PP of (NP *UNK and *UNK drug products )NP )PP (PP for (NP the U.S. Food and Drug Administration )NP )PP )NP , )NP (VP said (SBAR (S (NP FDA officials )NP (VP have (VP discussed (NP (NP Dr. *UNKC 's )NP findings )NP `` (ADVP fairly *UNKLY )ADVP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (SBAR While (S (NP there )NP (VP have (VP been (NP (NP no reports )NP (PP of (NP (NP similar sudden *UNKED deaths )NP (PP among (NP (NP diabetics )NP (PP in (NP the U.S. )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )SBAR , (NP Dr. *UNKC )NP (VP said (SBAR (S (NP the FDA )NP (VP (VP plans (S (VP to (VP examine (NP (NP Dr. *UNKC 's )NP evidence )NP )VP )VP )S )VP and (VP is (VP considering (NP (NP its own study )NP (ADVP here )ADVP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Dr. Toseland )NP , (NP a *UNK )NP , )NP (VP said (SBAR (S (NP he )NP (VP was (VP preparing (NP an article )NP (PP for (NP a British *UNK medical journal )NP )PP (S (VP raising (NP the possibility (SBAR that (S (NP the deaths )NP (VP may (VP have (VP occurred (SBAR after (S (NP human insulin )NP (VP *UNKED (NP (NP critical warning signs )NP (VP indicating (NP (NP (NP *UNK )NP , or (NP low blood sugar )NP , )NP (SBAR (WHNP which )WHNP (S (VP can (VP kill (NP diabetics )NP )VP )VP )S )SBAR )NP )VP )NP )VP )S )SBAR )VP )VP )VP )S )SBAR )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The usual warning signs )NP (PP of (NP *UNK )NP )PP )NP (VP include (NP *UNKING , anxiety and *UNK )NP )VP . )S  STOP
(S (PP With (NP proper warning )NP )PP , (NP diabetics )NP (VP can (VP (ADVP easily )ADVP raise (NP their blood sugar )NP (PP to (NP safe levels )NP )PP (PP by (S (VP eating (NP (NP sugar )NP or (NP *UNK food )NP )NP )VP )S )PP )VP )VP . )S  STOP
(S `` (S (NP The *UNK data )NP (ADVP certainly )ADVP (VP shows (SBAR that (S (NP (NP some )NP (PP of (NP the people )NP )PP )NP (VP were not (ADJP aware (PP of (NP (NP the rapid *UNK )NP (PP of (NP *UNK )NP )PP )NP )PP )ADJP )VP )S )SBAR )VP )S , '' (NP Dr. Toseland )NP (VP said )VP . )S  STOP
(S (PP At (NP (NP the U.S. National Institutes )NP (PP of (NP Health )NP )PP )NP )PP , (NP (NP Dr. Robert E. *UNKC )NP , (NP (NP chief )NP (PP of (NP the *UNK program branch )NP )PP )NP , )NP (VP said (SBAR (S (NP (NP no evidence )NP (PP of (NP (NP unexpected deaths )NP (PP from (NP *UNK )NP )PP )NP )PP )NP (VP had (VP shown (PRT up )PRT (PP in (NP (NP a study )NP (PP of (NP 1,500 diabetics )NP )PP (SBAR (WHNP that )WHNP (S (VP has (VP been (PP under (NP way )NP )PP (PP at (NP *UNKC )NP )PP (PP for (NP five years )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP However )ADVP , (NP he )NP (VP said (SBAR (S (NP (NP officials )NP (VP conducting (NP the study )NP )VP )NP (VP had n't (VP been (VP looking (PP for (NP (NP signs )NP (PP of (NP (NP problems )NP (ADJP related (PP to (NP *UNK *UNK )NP )PP )ADJP )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP We )NP (VP are (ADVP now )ADVP (VP monitoring (PP for (NP it )NP )PP (ADVP much more closely )ADVP )VP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S `` (S (NP We )NP (VP do (VP know (SBAR (S (NP there )NP (VP are (NP (NP slight differences )NP (PP in (NP (NP the way )NP (SBAR (S (NP (ADJP human and animal )ADJP *UNK )NP (VP drive (PRT down )PRT (NP blood sugar )NP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )VP )VP )S , '' (NP Dr. *UNKC )NP (VP said )VP . )S  STOP
(S (S (NP The *UNKED drug )NP (VP (VP starts (NP the blood sugar dropping )NP (ADVP sooner )ADVP )VP and (VP drives (NP it )NP (PRT down )PRT (ADVP faster )ADVP )VP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S `` (S But (NP we )NP (VP do n't (VP believe (SBAR (S (NP there )NP (VP is (ADJP enough (PP of (NP a difference )NP )PP (S (VP to (VP be (ADJP *UNKLY significant )ADJP )VP )VP )S )ADJP )VP )S )SBAR )VP )VP )S , '' (NP Dr. *UNKC )NP (VP said )VP . )S  STOP
(S (NP (NP Reports )NP (PP of (NP (NP Dr. Toseland 's )NP findings )NP )PP (PP in (NP the British press )NP )PP )NP (VP have (VP triggered (NP widespread concern )NP (PP among (NP (NP diabetics )NP (ADVP there )ADVP )NP )PP )VP )VP . )S  STOP
(S (NP Both (NP the British *UNKC Association )NP and (NP (NP the Committee )NP (PP on (NP (NP *UNKC )NP (PP in (NP *UNKC )NP )PP )NP )PP (PRN -- (NP (NP (NP Britain 's )NP equivalent )NP (PP of (NP the U.S. FDA )NP )PP )NP -- )PRN )NP )NP (ADVP recently )ADVP (VP issued (NP (NP statements )NP (VP noting (NP (NP the lack )NP (PP of (NP (NP hard scientific evidence )NP (SBAR (S (VP to (VP support (NP (NP Dr. Toseland 's )NP findings )NP )VP )VP )S )SBAR )NP )PP )NP )VP )NP )VP . )S  STOP
(S (PP On (NP Friday )NP )PP , (NP the American *UNKC Association )NP (VP issued (NP (NP a similar statement )NP (VP urging (NP the (QP six million )QP U.S. diabetics )NP (S not (VP to (VP *UNK (PP to (NP the British report )NP )PP )VP )VP )S )VP )NP )VP . )S  STOP
(S `` (S (NP (NP A loss )NP (PP of (NP (NP the warning symptoms )NP (PP of (NP hypoglycemia )NP )PP )NP )PP )NP (VP is (NP (NP a complex problem )NP (SBAR (WHNP that )WHNP (S (VP is (ADJP very unlikely (S (VP to (VP be (ADVP due (PP (ADVP simply )ADVP to (NP (NP the type )NP (PP of (NP insulin )NP )PP (VP used )VP )NP )PP )ADVP )VP )VP )S )ADJP )VP )S )SBAR )NP )VP )S , '' (NP the American association )NP (VP said )VP . )S  STOP
(S (NP The FDA )NP (ADVP already )ADVP (VP requires (S (NP drug manufacturers )NP (VP to (VP include (NP warnings )NP (PP with (NP insulin products )NP )PP (SBAR that (S (NP (NP symptoms )NP (PP of (NP hypoglycemia )NP )PP )NP (VP are (ADJP (ADJP less *UNKED )ADJP (PP with (NP human insulin )NP )PP (PP than (PP with (NP *UNKED products )NP )PP )PP )ADJP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP (NP Eli Lilly & Co. )NP , (NP the *UNKED drug manufacturer )NP , )NP (VP *UNK (NP the U.S. human insulin market )NP (PP with (NP (NP its product )NP (VP known (PP as (NP *UNKC )NP )PP )VP )NP )PP )VP . )S  STOP
(S (NP Lilly )NP (VP is (VP building (NP (NP plants )NP (SBAR (S (VP to (VP make (NP the insulin )NP )VP )VP )S )SBAR )NP (PP in (NP (NP Indianapolis )NP and (NP (NP *UNKC )NP , (NP France )NP )NP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP its latest annual report )NP )PP , (NP Lilly )NP (VP said (SBAR (S (NP *UNKC sales )NP (VP have (VP shown `` (NP excellent growth )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Lilly officials )NP (VP (VP said (SBAR (S (NP they )NP (VP had (VP seen (NP (NP reports )NP (PP of (NP (NP *UNK *UNK )NP (PP among (NP (NP some patients )NP (VP making (NP (NP the shift )NP (PP from (ADJP animal )ADJP )PP (PP to (NP human insulin )NP )PP )NP )VP )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP , but (VP did n't (VP know (SBAR if (S (NP the problem )NP (VP had (VP caused (NP any deaths )NP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP (NP Dr. *UNKC Thompson )NP , (NP a Lilly group vice president )NP , )NP (VP said (SBAR (S (NP (NP (NP the company 's )NP clinical trials )NP (PP of (NP both its (ADJP animal and *UNKED )ADJP *UNK )NP )PP )NP (VP indicated (NP (NP no difference )NP (PP in (NP (NP the level )NP (PP of (NP hypoglycemia )NP )PP )NP )PP (PP between (NP (NP users )NP (PP of (NP either product )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Dr. Toseland )NP (VP said (SBAR (S (NP (NP most )NP (PP of (NP the British diabetics )NP )PP (SBAR (WHNP who )WHNP (S (VP died )VP )S )SBAR )NP (VP had (VP been (VP taking (NP (NP a *UNKED insulin )NP (VP made (PP by (NP (NP *UNKC )NP , (NP a *UNKC manufacturer )NP )NP )PP )VP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP None )NP (PP of (NP the diabetics )NP )PP )NP (VP were (VP using (NP (NP Lilly 's )NP insulin )NP )VP )VP . )S  STOP
(S (NP *UNKC Corp. )NP (VP said (SBAR (S (NP it )NP (VP will (VP reduce (NP its *UNK- work force )NP (PP by (NP (QP about 25 )QP % )NP )PP , (ADJP effective (NP tomorrow )NP )ADJP , (PP in (NP an effort (S (VP to (VP stem (NP continuing losses )NP )VP )VP )S )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The company )NP , (SBAR (WHNP which )WHNP (S (VP makes (NP data base systems and software )NP )VP )S )SBAR , )NP (VP said (SBAR (S (NP it )NP (VP expects (S (VP to (VP report (NP a loss )NP (PP for (NP (NP the third quarter )NP (VP ended (NP Sept. 30 )NP )VP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Defense *UNK )NP (VP have (VP complained (PP for (NP years )NP )PP (SBAR that (S (NP the Pentagon )NP (VP can not (VP determine (NP priorities )NP (SBAR because (S (NP it )NP (VP has (NP no strategy )NP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Last April )NP , (NP (NP the new defense secretary )NP , (NP Richard Cheney )NP , )NP (VP acknowledged (SBAR that , `` (S (PP given (NP an ideal world )NP )PP , (NP we )NP (VP 'd (VP have (NP a nice , *UNK , *UNKLY process )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP We )NP (VP 'd (VP do (NP the strategy )NP )VP )VP )S and (S (ADVP then )ADVP (NP we )NP (VP 'd (VP (VP come (ADVP around )ADVP )VP and (VP do (NP the budget )NP )VP )VP )VP )S . )S  STOP
(S (NP This city )NP (VP does n't (VP work (NP that way )NP )VP )VP . '' )S  STOP
(S (PP With (NP (NP a five-year defense plan )NP (VP *UNKING (NP (QP more than $ 1.6 trillion )QP )NP )VP )NP )PP , (NP it )NP (VP 's (NP (NP about time )NP (SBAR (S (NP we )NP (VP put (PRT together )PRT (NP (NP a defense strategy )NP (SBAR (WHNP that )WHNP (S (VP works (PP in (NP Washington )NP )PP )VP )S )SBAR )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP This )NP (VP wo n't (VP happen (SBAR until (S (NP *UNK )NP (VP (VP come (ADVP down (PP from (NP their *UNK tower )NP )PP )ADVP )VP and (VP learn (S (VP to (VP work (PP in (NP (NP the real world )NP (PP of (NP (NP limited budgets )NP and (NP uncertain futures )NP )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (SBAR As (S (NP it )NP (VP is )VP )S )SBAR , (S (NP we )NP (VP identify (NP (NP national goals )NP and (NP (NP the *UNK )NP (PP to (NP these goals )NP )PP )NP )NP )VP )S , (S (NP we )NP (VP shape (NP (NP a strategy )NP (SBAR (S (VP to (VP counter (NP these *UNK )NP )VP )VP )S )SBAR )NP )VP )S , (S (NP we )NP (VP determine (NP (NP the forces )NP (VP needed (S (VP to (VP *UNK (NP the strategy )NP )VP )VP )S )VP )NP )VP )S , (PP before (S (ADVP finally )ADVP (VP *UNKING (NP (NP the budgets )NP (VP needed (S (VP to (VP build and maintain (NP the forces )NP )VP )VP )S )VP )NP )VP )S )PP . )S  STOP
(S (S (NP These procedures )NP (VP (VP *UNK (NP (NP millions )NP (PP of (NP (NP *UNK- )NP (PP of (NP labor )NP )PP )NP )PP )NP )VP and (VP produce (NP (NP tons )NP (PP of (NP paper )NP )PP )NP )VP )VP )S , and (S (NP each year )NP , (NP (NP their end product )NP (PRN -- (NP the Five Year Defense Plan )NP -- )PRN )NP (ADVP *UNKLY )ADVP (VP *UNK (ADVP away )ADVP )VP )S . )S  STOP
(S (NP (NP The *UNK )NP (PP on (NP the left )NP )PP )NP (VP shows (SBAR (WHADVP how )WHADVP (S (NP this )NP (VP happens )VP )S )SBAR (PRN -LRB- (S (VP see (NP (NP accompanying *UNK )NP -- (NP (NP *UNKC )NP (NP Oct. 30 , 1989 )NP )NP )NP )VP )S -RRB- )PRN )VP . )S  STOP
(S (VP *UNKC (NP the past eight five-year plans )NP (PP with (NP actual appropriations )NP )PP )VP . )S  STOP
(S (NP (NP The Pentagon 's )NP *UNK )NP (VP produce (NP (NP budgets )NP (SBAR (WHNP that )WHNP (S (ADVP simply )ADVP (VP can not (VP be (VP executed (SBAR because (S (NP they )NP (VP assume (SBAR (S (NP a defense strategy )NP (VP depends (PP (ADVP only )ADVP on (NP goals and threats )NP )PP )VP )S )SBAR )VP )S )SBAR )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP *UNKC )NP , (ADVP however )ADVP , (VP is (PP about (NP (NP possibilities )NP , not (NP hopes and *UNK )NP )NP )PP )VP . )S  STOP
(S (PP By (S (VP ignoring (NP costs )NP )VP )S )PP , (NP U.S. *UNK )NP (VP *UNK (NP (NP their responsibility )NP (PP for (NP hard decisions )NP )PP )NP )VP . )S  STOP
(S (NP That )NP (VP puts (NP the real strategic decisions )NP (PP in (NP (NP the hands )NP (PP of (NP (NP others )NP : (NP (NP *UNK *UNK )NP , (NP *UNK )NP , and (NP *UNK- )NP )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP These people )NP (VP have (NP different *UNK )NP )VP . )S  STOP
(S And (PP as (NP a result )NP )PP (PRN -- (SBAR as (S (NP (NP the recent vote )NP (PP by (NP the House )NP )PP (S (VP to (VP *UNK (NP (NP Mr. Cheney 's )NP program *UNK )NP )VP )VP )S )NP (VP suggests )VP )S )SBAR -- )PRN (NP (NP the *UNK )NP (PP of (NP jobs )NP )PP )NP (VP is (VP becoming (NP (NP the real goal )NP (PP of (NP defense `` strategy )NP )PP )NP )VP )VP . '' )S  STOP
(SBARQ (WHADVP How )WHADVP (SINV can (NP we )NP (VP turn (NP this situation )NP (ADVP around )ADVP )VP )SINV ? )SBARQ  STOP
(S (NP Reform )NP (VP starts (PP in (NP the Pentagon )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP should (VP consider (NP (NP the impact )NP (PP of (NP budget *UNK )NP )PP )NP (PP at (NP (NP the beginning )NP (PP of (NP the planning process )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP They )NP (VP ought (S (VP to (VP examine (SBAR (WHADVP how )WHADVP (S (NP (NP a range )NP (PP of (NP (ADJP optimistic to pessimistic )ADJP budget *UNK )NP )PP )NP (VP would (VP change (NP the defense program )NP )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP They )NP (VP would (ADVP then )ADVP (VP develop (NP priorities )NP (PP by (S (VP *UNKING (NP the (ADJP least painful )ADJP program cuts )NP (SBAR as (S (NP they )NP (VP moved (PP (PP from (ADJP higher )ADJP )PP (PP to (NP lower budgets )NP )PP )PP )VP )S )SBAR )VP )S )PP )VP )VP . )S  STOP
(S (NP They )NP (VP would (ADVP also )ADVP (VP identify (NP (NP the best way )NP (SBAR (S (VP to (VP add (NP programs )NP , (SBAR (SINV should (NP the budget )NP (VP come (ADVP in )ADVP (PP at (NP higher levels )NP )PP )VP )SINV )SBAR )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP This kind )NP (PP of (NP *UNK analysis )NP )PP )NP (VP is (ADJP common )ADJP (PP in (NP (NP war planning )NP and (NP business planning )NP )NP )PP )VP . )S  STOP
(S (NP There )NP (VP is (NP (NP no reason )NP (SBAR (WHADVP that )WHADVP (S (NP it )NP (VP can not (VP be (VP done (PP for (NP defense planning )NP )PP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Two steps )NP (VP are (ADJP necessary )ADJP (S (VP to (VP *UNK (NP this idea )NP (PP into (NP action )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC 1 )NP (VP *UNK (PRT up )PRT (NP our books )NP )VP . )S  STOP
(S (NP Our five-year plan )NP (VP contains (NP (NP three accounting devices )NP (PRN -- (NP (NP negative money )NP , (NP an (ADJP above *UNK )ADJP management reserve )NP and (NP optimistic inflation estimates )NP )NP -- )PRN (SBAR (WHNP which )WHNP (S (VP *UNK (NP (NP the spending )NP (SBAR (S (NP the Pentagon )NP (VP has (VP committed (NP itself )NP (PP to )PP (PP by (NP (QP almost $ 100 billion )QP )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP *UNKC money )NP (VP was (VP *UNKED (PP in (NP 1988 )NP )PP (S (VP to (VP make (S (NP the *UNKN Five Year Defense Plan )NP (VP *UNK (PP to (NP (NP the numbers )NP (PP in (NP (NP (NP President Reagan 's )NP final budget *UNK )NP (PP to (NP Congress )NP )PP )NP )PP )NP )PP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (NP That plan )NP (VP exceeded (NP (NP the numbers )NP (VP contained (PP in (NP his budget message )NP )PP )VP )NP (PP by (NP (QP $ 45 billion )QP )NP )PP )VP . )S  STOP
(S (S (VP To (VP make (S (NP the books )NP (VP balance , (SBAR as (S (VP is (VP required (PP by (NP law )NP )PP )VP )VP )S )SBAR )VP )S )VP )VP )S , (NP somebody )NP (VP *UNKED (NP (NP a new budget line item )NP (SBAR (WHNP that )WHNP (S (ADVP simply )ADVP (VP *UNKED (NP (QP $ 45 billion )QP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP It )NP (VP is (VP known (PP in (NP the Pentagon )NP )PP (PP as (NP the `` negative *UNK )NP )PP )VP )VP . '' )S  STOP
(S (NP The Pentagon )NP (VP argues (SBAR that (S (NP the negative *UNK )NP (VP is (NP (NP the net effect )NP (PP of (NP (NP (NP (QP $ 22 billion )QP )NP (PP in (NP (NP the *UNK- *UNKED *UNK reductions )NP (SBAR (WHNP that )WHNP (S (NP it )NP (VP intends (S (VP to (VP find (PP in (NP future years )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )NP and (NP (NP (QP $ 23 billion )QP )NP (PP in (NP (NP an `` (ADJP above *UNK )ADJP '' management reserve )NP (SBAR (WHNP that )WHNP (S (VP accounts (PP for (NP (NP *UNKED programs )NP (SBAR (WHNP that )WHNP (S (VP will (VP *UNK (PP in (NP the future )NP )PP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )NP )PP )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The 1990 plan )NP (ADVP also )ADVP (VP assumes (SBAR (S (NP inflation )NP (VP will (VP decline (PP to (NP 1.7 % )NP )PP (PP by (NP 1994 )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Most *UNK )NP , (PP including (NP (NP those )NP (PP in (NP the Congressional Budget Office )NP )PP )NP )PP , )NP (VP assume (SBAR (S (NP inflation )NP (VP will (VP be (NP (QP in excess of 4 )QP % )NP (PP in (NP (NP each )NP (PP of (NP those five years )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP At (NP that rate )NP )PP , (NP the defense plan )NP (VP is (VP *UNKED (PP by (NP (QP $ 48 billion )QP )NP )PP )VP )VP . )S  STOP
(S (PP By (S (VP (VP adding (NP the negative *UNK )NP )VP and (VP *UNKING (NP the remaining program )NP (S (VP using (NP a (ADJP more *UNK )ADJP inflation estimate )NP )VP )S )VP )VP )S )PP , (NP we )NP (VP *UNK (PP at (NP (NP a *UNK program )NP (VP *UNKING (NP (QP $ 1.7 trillion )QP )NP (PP between (NP 1990 and 1994 )NP )PP )VP )NP )PP )VP . )S  STOP
(S (NP *UNKC 2 )NP (VP *UNK (SBAR (SBAR (WHADVP how )WHADVP (S (NP four (ADJP *UNKLY lower )ADJP budget scenarios )NP (VP would (VP change (NP the *UNK )NP )VP )VP )S )SBAR and (SBAR (WHADVP how )WHADVP (S (NP these changes )NP (VP would (VP affect (NP our national security )NP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP (NP The *UNK )NP (PP on (NP the right )NP )PP (PRN -LRB- (SBAR (WHNP which )WHNP (S (VP assumes (NP (NP a (ADJP 4 % )ADJP rate )NP (PP of (NP inflation )NP )PP )NP )VP )S )SBAR -RRB- )PRN )NP , (VP places (NP these scenarios )NP (PP in (NP (NP the context )NP (PP of (NP (NP recent appropriations )NP (PRN -LRB- (S (VP see (NP (NP accompanying illustration )NP -- (NP (NP *UNKC )NP (NP Oct. 30 , 1989 )NP )NP )NP )VP )S -RRB- )PRN )NP )PP )NP )PP )VP . )S  STOP
(S (VP *UNKC (SBAR (WHADVP how )WHADVP (S (NP the *UNK program )NP (VP assumes (NP (NP a sharp increase )NP (PP in (NP future appropriations )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC 2 )NP (VP will (VP answer (NP (NP the question )NP : (SBARQ (WHNP What )WHNP (S (VP happens (SBAR if (S (NP these increases )NP (VP do not (VP *UNK )VP )VP )S )SBAR )VP )S ? )SBARQ )NP )VP )VP )S  STOP
(S (S (NP (NP *UNKC 1 )NP , (VP known (PP as (NP the `` (NX *UNKC Dollar *UNKC )NX )NP )PP )VP , '' )NP (VP *UNK (NP the Pentagon )NP (PP for (NP inflation )NP (ADVP only )ADVP )PP )VP )S -- (S (NP it )NP (VP *UNK (ADVP upward )ADVP (PP at (NP (NP 4 % )NP (PP per (NP year )NP )PP )NP )PP )VP )S . )S  STOP
(S (S (NP This scenario )NP (VP has (VP been (NP (NP the rough position )NP (PP of (NP the U.S. Senate )NP )PP )NP (PP since (NP 1985 )NP )PP )VP )VP )S , and (S (NP it )NP (VP reduces (NP the *UNK )NP (PP by (NP (QP $ 106 billion )QP )NP )PP (PP between (NP 1990 and 1994 )NP )PP )VP )S . )S  STOP
(S (NP (NP *UNKC 3 )NP , (NP the `` (NX *UNKC Dollar *UNKC )NX )NP , '' )NP (VP has (VP been (NP (NP the *UNK position )NP (PP of (NP (NP the House )NP (PP of (NP Representatives )NP )PP )NP )PP )NP (PP for (NP (QP about four )QP years )NP )PP )VP )VP . )S  STOP
(S (NP It )NP (VP (VP *UNK (NP the budget )NP (PP at (NP its current level )NP )PP )VP , and (VP forces (S (NP the Pentagon )NP (VP to (VP eat (NP (NP the effects )NP (PP of (NP inflation )NP )PP )NP (PP until (NP 1994 )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP This )NP (VP reduces (NP the *UNK )NP (PP by (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (S (NP *UNKC 2 )NP (VP *UNK (NP (NP the recent *UNK )NP (PP between (NP (NP the House )NP and (NP the Senate )NP )NP )PP )NP )VP )S ; (S (NP it )NP (VP *UNK (NP (NP the difference )NP (PP between (NP *UNKC 1 and 3 )NP )PP )NP , (PP by (S (VP increasing (NP the budget )NP (PP at (NP (NP 2 % )NP (PP per (NP year )NP )PP )NP )PP )VP )S )PP )VP )S . )S  STOP
(S (NP It )NP (VP reduces (NP the *UNK )NP (PP by (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (ADVP Finally )ADVP , (NP *UNKC 4 )NP (VP reduces (NP the budget )NP (PP by (NP (NP (NP 2 % )NP (PP per (NP year )NP )PP )NP )NP )PP (PP for (NP the next five years )NP )PP -- (NP (NP a total reduction )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP )VP . )S  STOP
(S (NP This )NP (VP can (VP be (VP thought (PP of )PP (PP as (NP (NP a pessimistic *UNK )NP , (VP (ADVP perhaps )ADVP driven (PP by (NP (NP (NP the *UNKING effects )NP (PP of (NP the Gramm-Rudman deficit reduction law )NP )PP )NP or (ADVP possibly )ADVP (NP (NP a *UNK )NP (PP of (NP (NP *UNK )NP (PP with (NP the Soviet Union )NP )PP )NP )PP )NP )NP )PP )VP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP The strategic planners )NP (PP in (NP (NP the *UNKC *UNKC )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP (VP would (VP *UNK (NP (NP the (ADJP most effective )ADJP defense program )NP (PP for (NP each scenario )NP )PP )NP , (S (VP (VP *UNKING (NP *UNK )NP )VP and (VP *UNKING (NP *UNK )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP They )NP (VP would (VP conclude (NP their efforts )NP (PP by (S (VP producing (NP (NP a comprehensive net assessment )NP (PP for (NP each plan )NP )PP (PRN -- (PP including (NP (NP (NP the *UNK )NP (VP made )VP )NP , (NP (NP an analysis )NP (PP of (NP its *UNK and limitations )NP )PP )NP , (NP (NP the impact )NP (PP on (NP national security )NP )PP )NP , and (NP (NP the best strategy )NP (PP for (S (VP working (PP around (NP these limitations )NP )PP )VP )S )PP )NP )NP )PP )PRN )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP This exercise )NP (VP would (VP reveal (NP (NP the true cost )NP (PP of (NP a particular program )NP )PP )NP (PP by (S (VP forcing (S (NP the *UNK )NP (VP to (VP make (NP hard decisions )NP )VP )VP )S )VP )S )PP )VP )VP . )S  STOP
(S (SBAR If , (PP for (NP example )NP )PP , (S (NP they )NP (VP choose (S (VP to (VP keep (NP the *UNKC *UNKC *UNK )NP )VP )VP )S )VP )S )SBAR , (NP they )NP (VP would (VP have (S (VP to (VP *UNK (NP (NP (ADVP more and more )ADVP other programs )NP (PRN -- (PP such as (NP (NP carrier *UNK )NP or (NP army divisions )NP )NP )PP -- )PRN )NP (SBAR as (S (NP they )NP (VP moved (PP toward (NP lower budget levels )NP )PP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (NP These *UNK- )NP (VP would (VP *UNK (NP priorities )NP (PP by (S (VP *UNKING (SBAR (WHADVP when )WHADVP (S (NP (NP the cost )NP (PP of (NP the *UNKC )NP )PP )NP (VP became (ADJP *UNK )ADJP )VP )S )SBAR )VP )S )PP )VP )VP . )S  STOP
(S (NP Some )NP (VP may (VP be (VP *UNKED (S (VP to (VP argue (SBAR that (S (NP (NP the idea )NP (PP of (NP a strategic review )NP )PP )NP (ADVP merely )ADVP (VP *UNK (NP (NP the *UNK *UNKED *UNKING (PRN -LRB- *UNKC -RRB- )PRN concept )NP (PP of (NP the Carter administration )NP )PP )NP )VP )S )SBAR )VP )VP )S )VP )VP )VP . )S  STOP
(S But (NP *UNKC )NP (VP (VP did not (VP (VP involve (NP (NP the strategic planners )NP (PP in (NP (NP the *UNKC *UNKC )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP )VP )VP )VP , and (ADVP therefore )ADVP (VP *UNKED (PP into (NP (NP a *UNKING *UNK )NP (VP driven (PP by (NP budget politics )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (ADVP *UNKC )ADVP , (NP (NP *UNKC 's )NP procedures )NP (VP were (ADJP (ADJP so *UNK )ADJP (SBAR that (S (NP (NP everyone )NP (VP involved )VP )NP (VP was (VP *UNKED (PP under (NP (NP a burden )NP (PP of (NP *UNK )NP )PP )NP )PP )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP A strategic review )NP (VP is (ADJP *UNKLY different )ADJP )VP . )S  STOP
(S (NP It )NP (VP would (VP be (VP run (PP by (NP the joint *UNK )NP )PP (PP under (NP (NP simple *UNK )NP : (S (VP (VP *UNKC (NP (NP the best possible force )NP (PP for (NP each budget scenario )NP )PP )NP )VP and (VP provide (NP (NP the Secretary )NP (PP of (NP Defense )NP )PP )NP (PP with (NP (NP a comprehensive net assessment )NP (PP of (SBAR (WHADVP how )WHADVP (S (NP that force )NP (VP could (VP be (VP used (S (VP to (VP achieve (NP U.S. goals )NP )VP )VP )S )VP )VP )VP )S )SBAR )PP )NP )PP )VP )VP )S )NP )PP )VP )VP )VP . )S  STOP
(S (NP It )NP (VP might (VP be (VP feared (SBAR that (S (S (ADVP even )ADVP (VP thinking (PP about (NP lower budgets )NP )PP )VP )S (VP will (VP hurt (NP national security )NP (SBAR because (S (NP the door )NP (VP will (VP be (VP opened (PP to (NP (NP *UNK budget cutting )NP (PP by (NP an irresponsible Congress )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (S (NP This argument )NP (VP plays (ADVP well )ADVP (PP in (NP (NP the atmosphere )NP (PP of (NP *UNKING and *UNK )NP )PP (VP *UNKING (NP (NP the Pentagon )NP and (NP Congress )NP )NP )VP )NP )PP )VP )S , and (S (ADVP *UNKLY )ADVP , (NP there )NP (VP is (NP some truth )NP (PP to (NP it )NP )PP )VP )S . )S  STOP
(S But (PP in (NP the end )NP )PP , (NP it )NP (VP must (VP be (VP rejected (PP for (NP (ADJP *UNK (CONJP as well as )CONJP moral )ADJP reasons )NP )PP )VP )VP )VP . )S  STOP
(S (S (VP To (VP say (SBAR that (S (NP the Pentagon )NP (VP should (VP act (ADVP *UNKLY )ADVP (SBAR because (S (S (VP acting (ADVP *UNKLY )ADVP )VP )S (VP will (VP *UNK (NP Congress )NP (PP into (S (VP acting (ADVP *UNKLY )ADVP )VP )S )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP )S (VP leads (PP to (NP the conclusion (SBAR (SBAR that (S (NP the Pentagon )NP (VP should (VP (ADVP *UNKLY )ADVP *UNK (NP its needs )NP (PP in (NP the national interest )NP )PP )VP )VP )S )SBAR ; (SBAR (PP in (NP other words )NP )PP , that (S (NP it )NP (VP is (ADJP justified )ADJP (PP in (NP (S (VP *UNKING (NP a crime )NP )VP )S (PRN -- (S (VP *UNKING (PP to (NP Congress )NP )PP )VP )S -- )PRN )NP )PP (SBAR because (S (NP it )NP (VP is (ADJP *UNKLY superior )ADJP )VP )S )SBAR )VP )S )SBAR )SBAR )NP )PP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP is not (NP (NP a game )NP (PP between (NP (NP the Pentagon )NP and (NP Congress )NP )NP )PP )NP )VP )S ; (S (NP it )NP (VP is (NP (NP the art )NP (PP of (NP the possible )NP )PP )NP (PP in (NP (NP a world )NP (SBAR (WHADVP where )WHADVP (S (NP *UNK )NP (VP force (S (NP us )NP (VP to (VP choose (PP between (NP (ADJP *UNK or *UNK )ADJP alternatives )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )VP )S . )S  STOP
(S (SBAR If (S (NP we )NP (VP want (NP *UNK priorities )NP )VP )S )SBAR , (NP we )NP (VP must (VP understand (NP (NP the *UNK- )NP (SBAR (S (NP they )NP (VP *UNKLY )VP )S )SBAR )NP (SBAR before (S (NP we )NP (VP make (NP commitments )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP is not (NP (NP a separate event )NP (PP in (NP (NP an *UNKED *UNK )NP (PP of (NP *UNK events )NP )PP )NP )PP )NP )VP )S ; (S (NP it )NP (VP is (NP (NP a way )NP (PP of (NP thinking )NP )PP (SBAR (WHNP that )WHNP (S (VP *UNK (NP (NP threats )NP (PP to (NP our interests )NP )PP )NP (PP in (NP (NP a manner )NP (ADJP consistent (PP with (NP our (ADJP financial , cultural and physical )ADJP limitations )NP )PP )ADJP )NP )PP )VP )S )SBAR )NP )VP )S . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (NP a permanent Pentagon official )NP )VP . )S  STOP
(S (NP This )NP (VP is (NP (NP a *UNKED version )NP (PP of (NP (NP an *UNK )NP (SBAR (WHNP that )WHNP (S (VP will (VP appear (PP in (NP (NP the January issue )NP (PP of (NP the *UNKC Institute *UNKC )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP (NP The views )NP (VP expressed )VP )NP (VP do not (VP reflect (NP (NP the official policy )NP (PP of (NP (NP the Department )NP (PP of (NP Defense )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (SBAR Although (S (NP bullish dollar sentiment )NP (VP has (VP *UNKED )VP )VP )S )SBAR , (NP many currency analysts )NP (VP say (SBAR (S (NP a massive sell-off )NP (ADVP probably )ADVP (VP wo n't (VP occur (PP in (NP the near future )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR While (S (NP (NP (NP Wall Street 's )NP tough times )NP and (NP lower U.S. interest rates )NP )NP (VP continue (S (VP to (VP undermine (NP the dollar )NP )VP )VP )S )VP )S , )SBAR (NP (NP weakness )NP (PP in (NP (NP the pound )NP and (NP the yen )NP )NP )PP )NP (VP is (VP expected (S (VP to (VP offset (NP those factors )NP )VP )VP )S )VP )VP . )S  STOP
(SINV (S `` (PP By (NP default )NP )PP , '' (NP the dollar )NP (ADVP probably )ADVP (VP will (VP be (ADJP able (S (VP to (VP hold (PRT up )PRT (ADVP pretty well )ADVP (PP in (NP coming days )NP )PP )VP )VP )S )ADJP )VP )VP )S , (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a foreign-exchange adviser )NP (PP at (NP Credit Suisse )NP )PP )NP )NP . )SINV  STOP
(S `` (S (NP We )NP (VP 're (ADJP close (PP to (NP (NP the bottom )NP '' (PP of (NP the near-term ranges )NP )PP )NP )PP )ADJP )VP )S , (NP she )NP (VP contends )VP . )S  STOP
(S (PP In (NP late Friday afternoon New York trading )NP )PP , (NP the dollar )NP (VP was (PP at (NP (NP *UNKN marks )NP and (NP *UNKN yen )NP )NP )PP , (ADVP off (PP from (NP (NP late Thursday 's )NP (NX (NX *UNKN marks )NX and (NX *UNKN yen )NX )NX )NP )PP )ADVP )VP . )S  STOP
(S (NP The pound )NP (VP strengthened (PP to (NP $ *UNKN )NP )PP (PP from (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (PP In (NP Tokyo )NP )PP (NP Monday )NP , (NP the U.S. currency )NP (VP opened (PP for (NP trading )NP )PP (PP at (NP *UNKN yen )NP )PP , (ADVP down (PP from (NP (NP (NP Friday 's )NP Tokyo close )NP (PP of (NP *UNKN yen )NP )PP )NP )PP )ADVP )VP . )S  STOP
(S (NP The dollar )NP (VP began (NP Friday )NP (PP on (NP a firm note )NP )PP , (S (VP *UNKING (PP against (NP all major currencies )NP )PP (PP in (NP (NP Tokyo dealings )NP and (NP early European trading )NP )NP )PP (PP despite (NP reports (SBAR that (S (NP (NP the Bank )NP (PP of (NP Japan )NP )PP )NP (VP was (VP seen (S (VP *UNKING (NP dollars )NP (PP around (NP *UNKN yen )NP )PP )VP )S )VP )VP )S )SBAR )NP )PP )VP )S )VP . )S  STOP
(S (NP The rise )NP (VP came (SBAR as (S (NP traders )NP (VP continued (S (VP to (VP dump (NP the pound )NP )VP )VP )S (PP after (NP (NP the sudden resignation )NP (NP Thursday )NP (PP of (NP (NAC British Chancellor (PP of (NP the Exchequer )NP )PP )NAC Nigel Lawson )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S But (SBAR once (S (NP the pound )NP (VP *UNKED (PP with (NP (NP help )NP (PP from (NP (NP purchases )NP (PP by (NP (NP (NP the Bank )NP (PP of (NP England )NP )PP )NP and (NP (NP the Federal Reserve Bank )NP (PP of (NP New York )NP )PP )NP )NP )PP )NP )PP )NP )PP )VP )S )SBAR , (NP the dollar )NP (VP was (VP *UNKED (PRT down )PRT (PRN , (S (NP traders )NP (VP say )VP )S , )PRN (PP by (NP (NP the stock-market slump )NP (SBAR (WHNP that )WHNP (S (VP left (NP the Dow Jones Industrial Average )NP (PP with (NP (NP a loss )NP (PP of (NP *UNKN points )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (SBAR With (S (S (NP the stock market )NP (ADJP *UNKLY )ADJP )S and (S (NP dollar buyers )NP (VP *UNKED (PP by (NP (NP (NP signs )NP (PP of (NP U.S. economic weakness )NP )PP )NP and (NP (NP the recent decline )NP (PP in (NP U.S. interest rates )NP )PP (SBAR (WHNP that )WHNP (S (VP has (VP diminished (NP (NP the *UNK )NP (PP of (NP *UNKED investments )NP )PP )NP )VP )VP )S )SBAR )NP )NP )PP )VP )S )S )SBAR , (NP traders )NP (VP say (SBAR (S (NP the dollar )NP (VP is (ADVP still )ADVP (PP in (NP a *UNK position )NP )PP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP They )NP (VP 'll (VP be (VP looking (PP at (NP (NP levels )NP (SBAR (S (VP to (VP sell (NP the dollar )NP )VP )VP )S )SBAR )NP )PP )VP )VP )VP )S , '' (VP says )VP (NP (NP James *UNKC )NP , (NP (NP a foreign-exchange marketing representative )NP (PP at (NP (NP Bank )NP (PP of (NP Montreal )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (SBAR While (S (NP some analysts )NP (VP say (SBAR (S (NP the dollar )NP (ADVP eventually )ADVP (VP could (VP test (NP (NP support )NP (PP at (NP (NP 1.75 marks )NP and (NP 135 yen )NP )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR , (NP (NP Mr. *UNKC )NP and (NP others )NP )NP (VP do n't (VP see (S (NP the currency )NP (VP (ADVP *UNKLY )ADVP *UNKING (PP under (NP (NP support )NP (PP at (NP (NP *UNKN marks )NP and (NP 140 yen )NP )NP )PP )NP )PP (ADVP soon )ADVP )VP )S )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP for (NP limited dollar losses )NP )PP )NP (VP are (VP based (PP (ADVP largely )ADVP on (NP (NP (NP the pound 's )NP weak state )NP (PP after (NP (NP (NP Mr. Lawson 's )NP resignation )NP and (NP (NP the yen 's )NP *UNK (S (VP to (VP strengthen (ADVP substantially )ADVP (SBAR (WHADVP when )WHADVP (S (NP there )NP (VP are (NP dollar *UNK )NP )VP )S )SBAR )VP )VP )S )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (PP With (S (NP (NP the pound )NP and (NP the yen )NP )NP (VP lagging (PP behind (NP other major currencies )NP )PP )VP )S )PP , `` (NP you )NP (VP do n't (VP have (NP a confirmation '' (SBAR that (S (NP a sharp dollar downturn )NP (VP is (PP in (NP the works )NP )PP )VP )S )SBAR )NP )VP )VP )S , (VP says )VP (NP (NP Mike *UNKC )NP , (NP (NP senior currency analyst )NP (PP at (NP (NP *UNKC Inc. )NP (PP in (NP Chicago )NP )PP )NP )PP )NP )NP . )S  STOP
(S (ADVP (ADVP As far )ADVP (SBAR as (S (NP the pound )NP (VP goes )VP )S )SBAR )ADVP , (NP some traders )NP (VP say (SBAR (S (NP (NP a slide )NP (PP toward (NP (NP support )NP (PP at (NP $ *UNKN )NP )PP )NP )PP )NP (VP may (VP be (NP a favorable development )NP (PP for (NP the dollar )NP )PP (NP this week )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR While (S (NP the pound )NP (VP has (VP attempted (S (VP to (VP stabilize )VP )VP )S )VP )VP )S )SBAR , (NP currency analysts )NP (VP say (SBAR (S (NP it )NP (VP is (PP in (NP critical condition )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Sterling )NP (VP (VP plunged (NP (QP about four )QP cents )NP (NP Thursday )NP )VP and (VP hit (NP (NP (NP the week 's )NP low )NP (PP of (NP $ *UNKN )NP )PP )NP (SBAR (WHADVP when )WHADVP (S (NP Mr. Lawson )NP (VP resigned (PP from (NP his *UNK- post )NP )PP (PP because of (NP (NP a policy *UNK )NP (PP with (NP other cabinet members )NP )PP )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP He )NP (VP was (VP succeeded (PP by (NP (NP John Major )NP , (SBAR (WHNP who )WHNP (S (NP Friday )NP (VP (VP expressed (NP (NP a desire )NP (PP for (NP a firm pound )NP )PP )NP )VP and (VP supported (NP (NP the (ADJP relatively high )ADJP British interest rates )NP (SBAR (WHNP that )WHNP (S (NP he )NP (VP said `` (S (VP are (VP working (SBAR (ADVP exactly )ADVP as (FRAG (VP intended )VP )FRAG )SBAR '' (PP in (S (VP reducing (NP inflation )NP )VP )S )PP )VP )VP )S )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S But (S (NP the market )NP (VP remains (ADJP *UNK (PP about (NP (NP (NP Mr. Major 's )NP policy strategy )NP and (NP (NP the prospects )NP (PP for (NP the pound )NP )PP )NP )NP )PP )ADJP )VP )S , (NP currency analysts )NP (VP contend )VP . )S  STOP
(S (SBAR Although (S (NP (NP (NP the Bank )NP (PP of (NP England )NP )PP 's )NP tight monetary policy )NP (VP has (VP fueled (NP worries (SBAR that (S (NP (NP Britain 's )NP slowing economy )NP (VP is (VP headed (PP for (NP a recession )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR , (NP it )NP (VP is (VP (ADVP widely )ADVP believed (SBAR that (S (NP (NP Mr. Lawson 's )NP willingness (S (VP to (VP *UNK (PRT up )PRT (NP the pound )NP (PP with (NP interest-rate increases )NP )PP )VP )VP )S )NP (VP helped (S (VP stem (NP pound selling )NP (PP in (NP recent weeks )NP )PP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (SBAR If (S (NP there )NP (VP are (NP any signs (SBAR that (S (NP Mr. Major )NP (VP will (VP be (ADJP less inclined (S (VP to (VP use (NP interest-rate boosts )NP (S (VP to (VP rescue (NP the pound )NP (PP from (NP another plunge )NP )PP )VP )VP )S )VP )VP )S )ADJP )VP )VP )S )SBAR )NP )VP )S )SBAR , (NP that currency )NP (VP is (VP expected (S (VP to (VP fall (ADVP sharply )ADVP )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP (NP It )NP )NP (VP 's (ADJP fair )ADJP (S (VP to (VP say (SBAR (S (NP there )NP (VP are (NP (NP more risks )NP (PP for (NP the pound )NP )PP )NP (PP under (NP Major )NP )PP (SBAR than (S (NP there )NP (VP were (PP under (NP Lawson )NP )PP )VP )S )SBAR )VP )S )SBAR )VP )VP )S )VP )S , '' (VP says )VP (NP (NP Malcolm Roberts )NP , (NP (NP a director )NP (PP of (NP international bond market research )NP )PP (PP at (NP Salomon Brothers )NP )PP (PP in (NP London )NP )PP )NP )NP . )SINV  STOP
(S (S `` (S (NP There )NP (VP 's (NP (ADJP very little )ADJP *UNK )NP (PP to (NP sterling )NP )PP )VP )S , '' (NP Mr. Roberts )NP (VP says )VP )S , but (S (NP he )NP (VP adds (SBAR that (S (NP near-term losses )NP (VP may (VP be (ADJP small )ADJP (SBAR because (S (NP (NP the selling wave )NP (SBAR (WHNP that )WHNP (S (VP followed (NP (NP Mr. Major 's )NP appointment )NP )VP )S )SBAR )NP (ADVP apparently )ADVP (VP has (VP run (NP its course )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )S . )S  STOP
(S But (NP some other analysts )NP (VP have (NP a *UNK forecast )NP (PP for (NP the pound )NP )PP , (SBAR (ADVP particularly )ADVP because (S (S (NP (NP Britain 's )NP inflation )NP (VP is (VP *UNKING (PP at (NP (NP a (ADJP relatively *UNK )ADJP annual rate )NP (PP of (NP (QP about 7.6 )QP % )NP )PP )NP )PP )VP )VP )S and (S (NP the nation )NP (VP is (VP *UNKED (PP with (NP (NP a struggling government )NP and (NP large (NX (NX current account )NX and (NX trade )NX (NX deficits )NX )NX )NP )NP )PP )VP )VP )S )S )SBAR )VP . )S  STOP
(SINV (S (NP The pound )NP (ADVP likely )ADVP (VP will (VP (VP fall (PP in (NP coming days )NP )PP )VP and (VP may (VP trade (ADVP (ADVP as low )ADVP (PP as (NP *UNKN marks )NP )PP )ADVP (PP within (NP the next year )NP )PP )VP )VP )VP )VP )S , (VP says )VP (NP (NP Nigel *UNKC )NP , (NP (NP an international economist )NP (PP at (NP James Capel & Co. )NP )PP (PP in (NP London )NP )PP )NP )NP . )SINV  STOP
(S (NP The pound )NP (VP was (PP at (NP *UNKN marks )NP )PP (NP late Friday )NP , (ADVP off (ADVP sharply )ADVP (PP from (NP (NP *UNKN )NP (PP in (NP New York trading )NP )PP )NP (ADVP (NP a week )NP earlier )ADVP )PP )ADVP )VP . )S  STOP
(SINV (S (SBAR If (S (NP the pound )NP (VP falls (ADVP (ADVP closer )ADVP (PP to (NP *UNKN marks )NP )PP )ADVP )VP )S )SBAR , (NP (NP the Bank )NP (PP of (NP England )NP )PP )NP (VP may (VP raise (NP (NP Britain 's )NP base lending rate )NP (PP by (NP one percentage point )NP )PP (PP to (NP 16 % )NP )PP )VP )VP )S , (VP says )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S But (NP such an increase )NP (PRN , (S (NP he )NP (VP says )VP )S , )PRN (VP could (VP be (VP viewed (PP by (NP the market )NP )PP (PP as `` (NP (NP too little )NP (ADVP too late )ADVP )NP )PP )VP )VP )VP . '' )S  STOP
(S (S (NP (NP The Bank )NP (PP of (NP England )NP )PP )NP (VP indicated (NP its desire (S (VP to (VP leave (S (NP its monetary policy )NP (ADJP unchanged )ADJP )S )VP )VP )S )NP (NP Friday )NP (PP by (S (VP declining (S (VP to (VP raise (NP (NP the official (ADJP 15 % )ADJP *UNKING rate )NP (SBAR (WHNP that )WHNP (S (NP it )NP (VP charges (NP discount houses )NP )VP )S )SBAR )NP )VP )VP )S )VP )S )PP )VP )S , (NP analysts )NP (VP say )VP . )S  STOP
(S (S (S (NP *UNKC concerns )NP (ADVP aside )ADVP )S , (NP (NP the lack )NP (PP of (NP (NP strong buying interest )NP (PP in (NP the yen )NP )PP )NP )PP )NP (VP is (NP (NP another *UNK )NP (PP for (NP the dollar )NP )PP )NP )VP )S , (NP many traders )NP (VP say )VP . )S  STOP
(SINV (S (NP The dollar )NP (VP has (NP (NP a `` natural base )NP (PP of (NP support )NP )PP '' )NP (PP around (NP 140 yen )NP )PP (SBAR because (S (NP the Japanese currency )NP (VP has n't (VP been (VP purchased (ADVP heavily )ADVP (PP in (NP recent weeks )NP )PP )VP )VP )VP )S )SBAR )VP )S , (VP says )VP (NP (NP Ms. *UNKC )NP (PP of (NP Credit Suisse )NP )PP )NP . )SINV  STOP
(S (NP (NP The yen 's )NP *UNK )NP (PRN , (S (NP she )NP (VP says )VP )S , )PRN (ADVP apparently )ADVP (VP stems (PP from (NP (NP (NP (NP Japanese investors ' )NP interest )NP (PP in (S (VP buying (NP dollars )NP (PP against (NP the yen )NP )PP (S (VP to (VP purchase (NP U.S. bond issues )NP )VP )VP )S )VP )S )PP )NP and (NP (NP persistent worries )NP (PP about (NP (NP (NP this year 's )NP *UNK )NP (PP in (NP the Japanese government )NP )PP )NP )PP )NP )NP )PP )VP . )S  STOP
(S (PP On (NP (NP New York 's )NP Commodity Exchange )NP )PP (NP Friday )NP , (NP (NP gold )NP (PP for (NP current delivery )NP )PP )NP (VP jumped (NP $ *UNKN )NP , (PP to (NP (NP (NP $ *UNKN )NP (NP an ounce )NP )NP , (NP (NP the highest settlement )NP (PP since (NP July 12 )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP Estimated volume )NP (VP was (NP a heavy (QP seven million )QP ounces )NP )VP . )S  STOP
(S (PP In (NP early trading )NP )PP (PP in (NP Hong Kong )NP )PP (NP Monday )NP , (NP gold )NP (VP was (VP quoted (PP at (NP (NP $ *UNKN )NP (NP an ounce )NP )NP )PP )VP )VP . )S  STOP
(S (NP We )NP (VP are (ADJP deeply *UNKED (SBAR that (S (NP a recent editorial )NP (VP stated (SBAR that (S (NP (NP the `` (NAC Americans (PP With (NP *UNKC )NP )PP )NAC Act )NP (PP of (NP 1989 )NP )PP )NP '' (VP was `` (VP *UNKED (PP (ADVP primarily )ADVP by (NP Democratic *UNKC Kennedy and *UNKC )NP )PP '' (PP with (NP (NP a *UNK )NP `` (PP based (PP on (NP the *UNK (SBAR that (S (NP most Americans )NP (VP are (ADJP hostile (PP to (NP the *UNKED )NP )PP )ADJP )VP )S )SBAR )NP )PP )PP )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )ADJP )VP ... . '' )S  STOP
(SINV (ADVP Perhaps )ADVP (ADJP (ADVP even more )ADVP offensive )ADJP (VP is )VP (NP (NP the statement )NP , `` (S (NP It )NP (VP is (ADJP surprising (SBAR that (S (NP (NP George Bush )NP and (NP the White House *UNK circle )NP )NP (VP would (VP ally (NP themselves )NP (PP with (NP this *UNK philosophy )NP )PP )VP )VP )S )SBAR )ADJP )VP )S )NP . '' )SINV  STOP
(S (NP This legislation )NP (VP was not (VP *UNKED (PP by (NP (NP a handful )NP (PP of (NP Democratic `` *UNK- )NP )PP )NP )PP )VP )VP . '' )S  STOP
(S (ADVP *UNKC the *UNK )ADVP -- (NP it )NP (VP results (PP from (NP (NP years )NP (PP of (NP work )NP )PP (PP by (NP (NP (NP members )NP (PP of (NP (NP the National Council )NP (PP on (NP the *UNKED )NP )PP )NP )PP )NP , (NP (NP all )NP (VP appointed (PP by (NP President Reagan )NP )PP )VP )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP You )NP (VP *UNK (NP the bill )NP (PP as (NP (NP something )NP (SBAR (S (NP Democratic leaders )NP (VP `` *UNKED '' (NP the administration )NP (PP into (S (VP *UNKING )VP )S )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (S (NP The opposite )NP (VP is (ADJP true )ADJP )VP )S : (S (NP It )NP (VP 's (NP (NP the product )NP (PP of (NP (NP many meetings )NP (PP with (NP (NP administration officials )NP , (NP Senate staffers )NP , (NP advocates )NP , and (NP business and transportation officials )NP )NP )PP )NP )PP )NP )VP )S . )S  STOP
(S (NP Many *UNK )NP (VP are (VP citing (NP (NP the compromise )NP (PP on (NP (NP the `` (NAC Americans (PP With (NP *UNKC )NP )PP )NAC Act )NP (PP of (NP 1989 )NP )PP )NP )PP )NP '' (PP as (NP (NP a model )NP (PP for (NP bipartisan *UNK )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Most National Council members )NP (VP (VP are (NP themselves )NP (VP *UNKED )VP )VP or (VP are (NP (NP parents )NP (PP of (NP (NP children )NP (PP with (NP *UNK )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP We )NP (VP know (ADVP *UNK )ADVP (NP (NP the discrimination )NP (VP *UNKED (PP by (NP the act )NP )PP )VP : (S (S (VP to (VP be (VP told (SBAR (S (NP there )NP (VP 's (NP no place )NP (PP for (NP your child )NP )PP (PP in (NP school )NP )PP )VP )S )SBAR )VP )VP )VP )S ; (S (VP to (VP spend (NP *UNKLY hours )NP (PP at (NP home )NP )PP (SBAR because (S (NP there )NP (VP is (NP no transportation )NP (PP for (NP (NP someone )NP (PP in (NP a *UNK )NP )PP )NP )PP )VP )S )SBAR )VP )VP )S ; (S (VP to (VP be (VP denied (NP employment )NP (SBAR because (S (NP you )NP (VP are (VP *UNKED )VP )VP )S )SBAR )VP )VP )VP )S )S )NP )VP . )S  STOP
(S (NP Your editorial )NP (VP (ADVP *UNKLY )ADVP *UNK (S (NP this legislation )NP (NP the `` (NX Lawyers ' *UNKC Act )NX )NP )S )VP . '' )S  STOP
(S (PP For (NP (NP (NP the (QP 43 million )QP people )NP (PP with (NP *UNK )NP )PP )NP and (NP their families )NP )NP )PP , (NP this legislation )NP (VP is (NP the `` (NX *UNKC *UNKC )NX )NP )VP . '' )S  STOP
(NP *UNKC *UNKC *UNKC )NP  STOP
(NP *UNKC )NP  STOP
(NP (NP National Council )NP (PP on (NP the *UNKED )NP )PP )NP  STOP
(S (NP (NP A group )NP (PP of (NP investors )NP )PP (VP led (PP by (NP (NP Giant Group Ltd. )NP and (NP (NP its chairman )NP , (NP *UNKC Sugarman )NP , )NP )NP )PP )VP )NP (VP said (SBAR (S (NP it )NP (VP filed (PP with (NP federal antitrust regulators )NP )PP (PP for (NP clearance (S (VP to (VP buy (NP (NP (QP more than 50 )QP % )NP (PP of (NP (NP the stock )NP (PP of (NP (NP (NP Rally 's )NP Inc. )NP , (NP (NP a fast-food company )NP (VP based (PP in (NP (NP Louisville )NP , (NP *UNK )NP )NP )PP )VP )NP )NP )PP )NP )PP )NP )VP )VP )S )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Rally 's )NP (VP operates and *UNK (NP (NP (QP about 160 )QP fast-food restaurants )NP (PP throughout (NP the U.S. )NP )PP )NP )VP . )S  STOP
(S (NP The company )NP (VP went (ADJP public )ADJP (NP earlier this month )NP , (S (VP offering (NP (NP *UNKN shares )NP (PP of (NP common stock )NP )PP )NP (PP at (NP (NP $ 15 )NP (NP a share )NP )NP )PP )VP )S )VP . )S  STOP
(S (NP Giant )NP (VP has (NP (NP interests )NP (PP in (NP (NP *UNK making )NP and (NP newsprint )NP )NP )PP )NP )VP . )S  STOP
(S (NP The investor group )NP (VP includes (NP (NP (NP *UNKC Investment Partnership )NP , (NP a California general partnership )NP , )NP and (NP (NP three (NP Rally 's )NP directors )NP : (NP (NP Mr. Sugarman )NP , (NP James M. Trotter III )NP and (NP William E. Trotter II )NP )NP )NP )NP )VP . )S  STOP
(S (NP The group )NP (ADVP currently )ADVP (VP holds (NP (NP *UNKN (NP Rally 's )NP shares )NP , or (NP (NP *UNKN % )NP (PP of (NP (NP its *UNK shares )NP (ADJP outstanding )ADJP )NP )PP )NP )NP )VP . )S  STOP
(S (NP Giant Group )NP (VP owned (NP (NP 22 % )NP (PP of (NP (NP Rally 's )NP shares )NP )PP )NP (PP before (NP the initial public offering )NP )PP )VP . )S  STOP
(S (NP (NP A second group )NP (PP of (NP three company directors )NP )PP , (VP *UNKED (PP with (NP (NP Rally 's )NP founder James Patterson )NP )PP )VP , )NP (ADVP also )ADVP (VP is (VP seeking (NP (NP control )NP (PP of (NP the fast-food chain )NP )PP )NP )VP )VP . )S  STOP
(S (NP It )NP (VP is (VP estimated (SBAR that (S (NP the Patterson group )NP (VP controls (NP (NP (QP more than 40 )QP % )NP (PP of (NP (NP Rally 's )NP stock )NP )PP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Rally officials )NP (VP were n't (ADJP available )ADJP (S (VP to (VP comment )VP )VP )S (NP late yesterday )NP )VP . )S  STOP
(S (PP For (NP (NP the year )NP (VP ended (NP July 2 )NP )VP )NP )PP , (NP Rally )NP (VP had (NP (NP net income )NP (PP of (NP (NP (QP $ 2.4 million )QP )NP , or (NP (NP 34 cents )NP (NP a share )NP )NP )NP )PP , (PP on (NP (NP revenue )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Companies )NP (VP listed (ADVP below )ADVP )VP )NP (VP reported (NP (NP quarterly profit )NP (ADJP substantially different (PP from (NP (NP the average )NP (PP of (NP (NP analysts ' )NP estimates )NP )PP )NP )PP )ADJP )NP )VP . )S  STOP
(S (NP The companies )NP (VP (VP are (VP followed (PP by (NP (QP at least three )QP analysts )NP )PP )VP )VP , and (VP had (NP (NP a minimum *UNK- change )NP (PP in (NP (NP actual earnings )NP (PP per (NP share )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP (ADJP Estimated and actual )ADJP results )NP (VP involving (NP losses )NP )VP )NP (VP are (VP omitted )VP )VP . )S  STOP
(S (NP The percent difference )NP (VP compares (NP actual profit )NP (PP with (NP (NP the 30-day estimate )NP (SBAR (WHADVP where )WHADVP (S (NP (QP at least three )QP analysts )NP (VP have (VP issues (NP forecasts )NP (PP in (NP the past 30 days )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (ADVP Otherwise )ADVP , (NP actual profit )NP (VP is (VP compared (PP with (NP the *UNK- estimate )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP DPC Acquisition Partners )NP , (NP (NP a hostile suitor )NP (PP for (NP Dataproducts Corp. )NP )PP )NP , )NP (VP filed (NP a petition )NP (PP in (NP (NP federal district court )NP (PP in (NP Los Angeles )NP )PP )NP )PP (S (VP seeking (S (VP to (VP have (S (NP (NP its standstill agreement )NP (PP with (NP the computer printer maker )NP )PP )NP (VP declared (S (ADJP *UNK )ADJP )S )VP )S )VP )VP )S )VP )S )VP )S , and (S (NP it )NP (VP *UNKED (PP with (NP (NP a (ADJP $ *UNK- )ADJP tender offer )NP (PP for (NP the company )NP )PP )NP )PP )VP )S . )S  STOP
(S (NP The offer )NP (VP would (VP give (NP the transaction )NP (NP (NP an indicated value )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP , (PP based (PP on (NP (NP the (QP *UNKN million )QP shares )NP (SBAR (S (NP the group )NP (VP does n't (ADVP already )ADVP (VP own )VP )VP )S )SBAR )NP )PP )PP )NP )VP )VP . )S  STOP
(S (NP DPC )NP (VP holds (NP (NP (QP about *UNKN )QP % )NP (PP of (NP (NP Dataproducts ' )NP shares )NP )PP )NP )VP . )S  STOP
(S (NP (NP Lawyers )NP (VP representing (NP DPC )NP )VP )NP (VP declined (S (VP to (VP elaborate )VP )VP )S , (S (VP saying (SBAR (S (NP they )NP (VP did n't (VP have (NP (NP a final copy )NP (PP of (NP the filing )NP )PP )NP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP (NP Jack Davis )NP , (NP (NP Dataproducts ' )NP chairman )NP , )NP (VP said (SBAR (S (NP he )NP (VP (VP had n't (ADVP yet )ADVP (VP seen (NP the filing )NP )VP )VP and (VP could n't (VP comment )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP DPC )NP (VP made (NP (NP a (ADJP $ *UNK- )ADJP bid )NP (PP for (NP the company )NP )PP )NP (PP in (NP May )NP )PP )VP )S , but (S (NP Dataproducts management )NP (VP considered (S (NP the (ADJP (QP $ *UNKN million )QP )ADJP proposal )NP (ADJP *UNK )ADJP )S )VP )S . )S  STOP
(S (S (NP Dataproducts )NP (VP had (VP sought (NP a buyer )NP (PP for (NP several months )NP )PP )VP )VP )S , but (S (S (NP it )NP (VP is (ADVP now )ADVP (PP in (NP (NP the midst )NP (PP of (NP a restructuring plan )NP )PP )NP )PP )VP )S and (S (NP management )NP (VP says (SBAR (S (NP the company )NP (VP is (ADVP no longer )ADVP (PP for (NP sale )NP )PP )VP )S )SBAR )VP )S )S . )S  STOP
(S (NP (NP *UNKC Power Co. )NP , (NP (NP a subsidiary )NP (PP of (NP American Electric Power Co. )NP )PP )NP , )NP (VP said (SBAR (S (NP it )NP (VP will (VP redeem (PP on (NP Dec. 1 )NP )PP (NP (NP the entire (QP $ *UNKN million )QP )NP (PP of (NP (NP its (ADJP (QP 12 7\/8 )QP % )ADJP first mortgage bonds )NP (ADJP due (NP *UNKN )NP )ADJP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The redemption price )NP (VP will (VP be (NP (NP (NP *UNKN % )NP (PP of (NP (NP the principal amount )NP (PP of (NP the bonds )NP )PP )NP )PP )NP , plus (NP (NP accrued interest )NP (PP to (NP (NP the date )NP (PP of (NP redemption )NP )PP )NP )PP )NP )NP )VP )VP . )S  STOP
(S (NP (NP The European Community 's )NP consumer price index )NP (VP (VP rose (NP a provisional *UNKN % )NP (PP in (NP September )NP )PP (PP from (NP August )NP )PP )VP and (VP was (ADVP up (NP 5.3 % )NP (PP from (NP September 1988 )NP )PP )ADVP )VP , (PP according (PP to (NP (NP *UNKC )NP , (NP (NP the EC 's )NP statistical agency )NP )NP )PP )PP )VP . )S  STOP
(S (S (NP (NP The *UNK- rise )NP (PP in (NP the index )NP )PP )NP (VP was (NP (NP the largest )NP (PP since (NP April )NP )PP )NP )VP )S , (NP *UNKC )NP (VP said )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP by (NP the Hong Kong Futures Exchange )NP )PP (S (VP to (VP introduce (NP a new interest-rate futures contract )NP )VP )VP )S )NP (VP continue (S (VP to (VP hit (NP *UNK )NP )VP )VP )S , (PP despite (NP (NP the support )NP (SBAR (S (NP the proposed instrument )NP (VP *UNK (PP in (NP (NP the colony 's )NP financial community )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Hong Kong financial institutions )NP (VP have (VP been (VP waiting (PP for (NP interest-rate futures )NP )PP (PP for (NP a long time )NP )PP )VP )VP )VP . )S  STOP
(S (S (NP The contract )NP (VP was (ADVP first )ADVP (VP proposed (ADVP (NP (QP more than two )QP years )NP ago )ADVP )VP )VP )S , but (S (ADVP shortly *UNK )ADVP , (NP (NP the colony 's )NP markets )NP (VP were (VP hit (ADVP hard )ADVP (PP by (NP the October 1987 global stock crash )NP )PP )VP )VP )S . )S  STOP
(S (NP The subsequent drive (S (VP to (VP reform (NP (NP Hong Kong 's )NP markets )NP )VP )VP )S )NP (ADVP also )ADVP (VP has (VP *UNKED (NP the interest-rate futures contract )NP )VP )VP . )S  STOP
(S (NP (NP The Securities and Futures Commission )NP , (NP (NP a government *UNK )NP (VP set (PRT up )PRT (PP after (NP the 1987 crash )NP )PP (S (VP to (VP try (S (VP to (VP restore (NP confidence and order )NP (PP to (NP (NP Hong Kong 's )NP markets )NP )PP )VP )VP )S )VP )VP )S )VP )NP , )NP (VP had (VP been (VP expected (S (VP to (VP give (NP the contract )NP (NP *UNK approval )NP (NP last week )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S But (NP regulators )NP (NP this week )NP (VP said (SBAR (S (NP *UNK- officials )NP (ADVP still )ADVP (VP have (NP (NP a way )NP (SBAR (S (VP to (VP go )VP )VP )S )SBAR )NP (SBAR before (S (NP they )NP (VP answer (NP (NP all the remaining detailed questions )NP (PP about (NP the contract )NP )PP )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP The exchange )NP (VP had (VP forecast (SBAR that (S (NP the contract )NP (VP would (VP begin (S (VP trading )VP )S (PP by (NP December )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S But (NP securities regulators )NP (ADVP now )ADVP (VP say (ADVP privately )ADVP (SBAR that (S (NP it )NP (VP is n't (ADJP likely (S (VP to (VP start )VP )VP )S )ADJP (PP until (NP (NP the first quarter )NP (PP of (NP next year )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Analysts and financial officials )NP (PP in (NP the British colony )NP )PP )NP (VP consider (S (NP the new contract )NP (ADJP essential (PP to (NP (NP the *UNK )NP (PP of (NP (NP the Hong Kong Futures Exchange )NP , (SBAR (WHNP which )WHNP (S (VP has (ADVP never )ADVP (VP (ADVP fully )ADVP recovered (PP from (NP the October 1987 crash )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )ADJP )S )VP . )S  STOP
(S (NP Many )NP (VP believe (SBAR that (S (PP without (NP a healthy futures exchange )NP )PP , (NP (NP Hong Kong 's )NP *UNK (S (VP to (VP be (VP recognized (PP as (NP an international financial center )NP )PP )VP )VP )VP )S )NP (VP will (VP suffer )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP local banks )NP (VP say (SBAR (S (NP the new contract )NP (VP is (ADJP important (PP in (S (VP helping (S (NP them )NP (VP offset (NP their Hong *UNKC exposure )NP )VP )S )VP )S )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP The contract )NP (VP will (VP be (VP based (PP on (NP (NP the three-month Hong Kong interbank offered rate )NP , or (NP *UNKC )NP )NP )PP )VP )VP )VP . )S  STOP
(S (NP It )NP (VP is (ADVP almost )ADVP (NP (NP a carbon copy )NP (PP of (NP (NP (NP the Chicago Mercantile Exchange 's )NP *UNKC contract )NP , (SBAR (WHNP which )WHNP (S (VP is (VP based (PP on (NP (NP the three-month *UNKC rate )NP , (NP (NP the rate )NP (VP paid (PP on (NP *UNKC deposits )NP )PP (PP in (NP London banks )NP )PP )VP )NP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (SBAR If (S (NP the contract )NP (VP is (ADJP (ADJP as successful )ADJP (SBAR as (S (NP some )NP (VP expect )VP )S )SBAR )ADJP )VP )S )SBAR , (NP it )NP (VP may (VP do (NP much )NP (S (VP to (VP restore (NP (NP confidence )NP (PP in (NP (NP futures trading )NP (PP in (NP Hong Kong )NP )PP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(SINV (S `` (NP The contract )NP (VP is (ADVP definitely )ADVP (ADJP important (PP to (NP the exchange )NP )PP )ADJP )VP , '' )S (VP says )VP (NP (NP Robert *UNKC )NP , (NP (NP executive director )NP (PP of (NP the Securities and Futures Commission )NP )PP )NP )NP . )SINV  STOP
(S (ADVP (NP Two years )NP ago )ADVP , (NP the futures exchange )NP (VP was (NP (NP the *UNK )NP (PP of (NP other would-be futures centers )NP )PP )NP )VP . )S  STOP
(S (PP After (NP only 17 months )NP )PP , (NP (NP its main contract )NP , (PP based (PP on (NP the *UNKC *UNKC index )NP )PP )PP , )NP (VP had (VP grown (S (VP to (VP be (NP (NP the second-largest *UNK- contract )NP (PP in (NP the world )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S -LCB- (NP A futures contract )NP (VP is (NP an agreement (S (VP to (VP buy or sell (NP (NP a commodity )NP or (NP financial instrument )NP )NP (PP at (NP a set price )NP )PP (PP on (NP a specified date )NP )PP )VP )VP )S )NP )VP . )S  STOP
(S (PP In (NP (NP the case )NP (PP of (NP stock-index and interest-rate futures )NP )PP )NP )PP , (NP the instruments )NP (VP (VP are (VP given (NP an underlying cash value )NP )VP )VP and (VP are (VP settled (PP in (NP cash )NP )PP )VP )VP )VP . -RCB- )S  STOP
(S But (PP in (NP (NP the week )NP (PP following (NP the 1987 stock crash )NP )PP )NP )PP , (S (NP the exchange )NP (VP *UNKED (PP on (NP collapse )NP )PP )VP )S , and (S (NP (NP the stock and futures markets )NP (PP in (NP Hong Kong )NP )PP )NP (VP were (VP closed (PP for (NP four days )NP )PP )VP )VP )S . )S  STOP
(S (NP Only a *UNKED bailout )NP (VP kept (NP the crisis )NP (PP from (S (VP *UNKING (NP the exchange )NP )VP )S )PP )VP . )S  STOP
(S (S (VP Trading (PP in (NP *UNKC *UNKC index futures )NP )PP )VP )S (VP remains (ADJP *UNKED (PP by (NP the experience )NP )PP )ADJP )VP . )S  STOP
(S (NP (NP Volume )NP (PP for (NP (NP the entire month )NP (PP of (NP September )NP )PP )NP )PP )NP (VP totaled (NP (QP only *UNKN )QP contracts )NP , (PP compared (PP with (NP (NP a daily average )NP (PP of (NP *UNKN )NP )PP (PP in (NP (NP the month )NP (PP before (NP the 1987 crash )NP )PP )NP )PP )NP )PP )PP )VP . )S  STOP
(S (PP (PP Despite (NP the thin trading )NP )PP , and (PP after (NP (NP two painful years )NP (PP of (NP restructuring )NP )PP )NP )PP )PP , (NP the futures market )NP (VP has (VP shown (NP itself )NP (S (VP to (VP be (ADJP *UNK )ADJP (PP in (NP two recent tests )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (SBAR While (S (NP Asian markets )NP (VP *UNKED (S (VP to (VP cope (PP with (NP (NP the uncertainty )NP (VP caused (PP by (NP (NP the Oct. 13 plunge )NP (PP in (NP New York stock prices )NP )PP )NP )PP )VP )NP )PP )VP )VP )S )VP )S )SBAR , (NP (NP futures trading )NP (PP in (NP Hong Kong )NP )PP )NP (VP (VP was (ADJP relatively heavy )ADJP )VP and (VP went (ADVP *UNKLY )ADVP )VP )VP . )S  STOP
(S (NP That )NP (VP was (ADVP also )ADVP (NP the case )NP (PP in (NP (NP the days )NP (PP following (NP (NP the (ADJP June 4 )ADJP massacre )NP (PP in (NP Beijing )NP )PP , (SBAR (WHNP which )WHNP (S (VP caused (NP (NP a sharp drop )NP (PP in (NP Hong Kong stock prices )NP )PP )NP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(SINV (S `` (NP There )NP (VP was (NP (NP no problem )NP (ADVP at all )ADVP )NP )VP , '' )S (VP says )VP (NP (NP Douglas Ford )NP , (NP (NP chief executive officer )NP (PP of (NP the futures exchange )NP )PP )NP )NP . )SINV  STOP
(SINV (ADJP Most important (PP to (NP (NP the contract 's )NP success )NP )PP )ADJP (VP is )VP (NP (NP the commitment )NP (PP of (NP (NP (NP Hong Kong 's )NP big financial institutions )NP , (ADVP especially )ADVP (NP (NP the two leaders )NP , (NP (NP *UNKC & *UNKC Banking Corp. )NP and (NP (NP the local subsidiary )NP (PP of (NP (NP Britain 's )NP Standard *UNKED Bank PLC )NP )PP )NP )NP )NP )NP )PP )NP . )SINV  STOP
(S (NP The two big banks )NP (VP were (ADJP *UNK (PP in (S (VP *UNKING (NP the new contract )NP )VP )S )PP )ADJP )VP . )S  STOP
(SINV (S `` (SBAR If (S (NP those two banks )NP (VP are (ADVP there )ADVP )VP )S )SBAR , (ADVP then )ADVP (NP (NP the balance )NP (PP of (NP the banking institutions )NP )PP )NP (VP will (VP be (ADVP there )ADVP )VP )VP , '' )S (VP says )VP (NP (NP Mr. *UNKC )NP , (NP the Securities and Futures Commission official )NP )NP . )SINV  STOP
(S (NP *UNKC banks )NP (VP have (NP (NP a major stake )NP (PP in (SBAR (WHADVP how )WHADVP (S (NP interest rates )NP (VP move )VP )S )SBAR )PP )NP (PP because of (NP their enormous Hong *UNKC exposure )NP )PP )VP . )S  STOP
(S (SBAR Even though (S (NP the currency )NP (VP is (VP *UNKED (PP to (NP the U.S. dollar )NP )PP , (PP with (NP (NP a fixed exchange rate )NP (PP of (NP (NP *UNKC *UNKN )NP (PP to (NP the American currency )NP )PP )NP )PP )NP )PP , )VP )VP )S )SBAR (NP the U.S. and Hong Kong economies )NP (VP do n't (ADVP always )ADVP (VP move (PP in (NP lock step )NP )PP , (S (VP making (S (NP (NP it )NP )NP (ADJP difficult )ADJP (S (VP to (VP predict (SBAR (WHADVP where )WHADVP (S (NP (NP interest rates )NP (PP in (NP the colony )NP )PP )NP (VP will (VP go )VP )VP )S )SBAR )VP )VP )S )S )VP )S )VP )VP . )S  STOP
(S (PP In (NP (NP early 1988 )NP , (SBAR (WHADVP when )WHADVP (S (NP the three-month *UNKC rate )NP (VP was (PP between (NP (QP (NP 7 % )NP and (NP 8 % )NP )QP )NP )PP )VP )S )SBAR , )NP )PP (NP the three-month *UNKC rate )NP (VP was (ADJP (QP as low as 1 )QP % )ADJP )VP . )S  STOP
(S (ADVP (NP Just a few months )NP ago )ADVP , (NP the three-month *UNKC rate )NP (VP was (NP (QP around 9.5 )QP % )NP , (SBAR while (S (NP three-month *UNKC )NP (VP hit (NP (NP highs )NP (PP above (NP 11 % )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP The *UNKC contract )NP (VP `` *UNK (NP (NP quite a bit )NP (PP of (NP (NP the problem )NP (PP of (NP (NP interest-rate risk )NP (PP in (NP the interbank market )NP )PP )NP )PP )NP )PP )NP , '' )VP )S (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a director )NP (PP of (NP (NP James Capel -LRB- Far East -RRB- Ltd. )NP , (NP (NP the Hong Kong arm )NP (PP of (NP the British brokerage firm )NP )PP )NP )NP )PP )NP )NP . )SINV  STOP
(S (PP Despite (NP (NP the initial support )NP (VP expected )VP )NP )PP , (NP (NP trading )NP (PP in (NP the contract )NP )PP )NP (VP is (ADJP likely (S (VP to (VP start (ADVP slowly )ADVP )VP )VP )S )ADJP )VP . )S  STOP
(S (S (NP (NP The *UNK )NP (PP from (NP the 1987 crash )NP )PP )NP (VP have n't (ADVP yet )ADVP (VP *UNKED )VP )VP )S , and (S (NP (NP not all claims )NP (PP against (NP the exchange *UNK )NP )PP (PRN -- (PP by (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP bet (SBAR (S (NP the *UNKC *UNKC index )NP (VP would (VP fall )VP )VP )S )SBAR )VP )S )SBAR )NP )PP -- )PRN )NP (VP have (VP been (VP settled )VP )VP )VP )S . )S  STOP
(S (NP (NP (NP Companies )NP and (NP financial institutions )NP )NP (ADJP familiar (PP with (NP Hong Kong )NP )PP )ADJP )NP (VP remain (ADJP wary (PP of (S (VP trading (PP in (NP its futures market )NP )PP )VP )S )PP )ADJP )VP . )S  STOP
(S And (NP Mr. *UNKC )NP (VP *UNK (SBAR that (S (NP there )NP (VP may (VP be (NP (NP limits )NP (PP on (SBAR (WHADVP how (NP much )NP )WHADVP (S (NP the contract )NP (VP can (VP grow )VP )VP )S )SBAR )PP )NP (SBAR because (S (NP the Hong Kong dollar )NP (VP is n't (NP a widely traded currency )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP says (SBAR (S (NP the contract )NP (VP will (VP be (VP considered (S (NP a success )NP )S (SBAR if (S (NP it )NP (VP starts (S (VP trading (NP (NP (QP 500 to 1,000 )QP lots )NP (NP a day )NP )NP )VP )S )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Exchange officials )NP (ADVP also )ADVP (VP point (PRT out )PRT (SBAR that (S (NP *UNKC futures )NP (VP were (VP designed (PP (PP for (NP institutions and corporations )NP )PP , not (PP for (NP (NP the type )NP (PP of (NP (NP small individual investors )NP (SBAR (WHNP who )WHNP (S (VP (VP were (ADJP very active (PP in (NP *UNKC *UNKC index futures )NP )PP )ADJP )VP and (VP *UNKED (PP in (NP the 1987 crash )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP says (SBAR (S (NP (NP the low margin )NP (VP required (PP for (NP trading futures )NP )PP )VP )NP (VP attracted (NP (NP a lot )NP (PP of (NP (NP small investors )NP )NP )PP )NP (PP before (NP the 1987 crash )NP )PP (SBAR (WHNP who )WHNP (S (VP did n't (VP realize (SBAR that (S (NP their risk )NP (VP was (ADJP virtually *UNKED )ADJP )VP )S )SBAR )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(SINV (S `` (NP You )NP (VP 're not (VP going (S (VP to (VP get (NP (NP your *UNK drivers and *UNK )NP and (NP all that )NP )NP )VP )VP )S )VP )VP , '' )S (VP says )VP (NP (NP *UNKC Nicholas )NP , (NP (NP a director )NP (PP for (NP securities company *UNKC *UNKC & Futures Ltd )NP )PP )NP )NP . )SINV  STOP
(S (S (NP That )NP (VP should (VP help (S (VP to (VP *UNK (NP confidence )NP )VP )VP )S )VP )VP )S , (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S But (NP many bankers )NP (VP remain (ADJP nervous )ADJP , (SBAR (ADVP especially )ADVP as (S (NP (NP the start-up )NP (PP of (NP the contract )NP )PP )NP (VP continues (S (VP to (VP be (VP delayed )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP Two )NP (PP of (NP (NP Japan 's )NP largest paper manufacturers )NP )PP )NP , (NP (NP *UNKC Paper Co. )NP and (NP *UNKC Paper Co. )NP )NP , )NP (VP posted (NP (NP *UNKED pretax profit gains )NP (PP from (NP a year earlier )NP )PP )NP (PP for (NP (NP the first half )NP (VP ended (NP Sept. 30 )NP )VP )NP )PP , (PP on (NP (NP continuing robust domestic demand )NP (PP for (NP paper products )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC Paper )NP , (NP (NP (NP the nation 's )NP largest )NP (PP in (NP (NP terms )NP (PP of (NP sales )NP )PP )NP )PP )NP , )NP (VP said (SBAR (S (NP its pretax profit )NP (VP rose (NP 1.5 % )NP (PP to (NP (NP (QP *UNKN billion )QP yen )NP (NP -LRB- (QP US$ *UNKN million )QP -RRB- )NP )NP )PP (PP from (NP (QP *UNKN billion )QP yen )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Sales )NP (VP jumped (NP *UNKN % )NP (PP to (NP (QP *UNKN billion )QP yen )NP )PP (PP from (NP (QP *UNKN billion )QP yen )NP )PP )VP . )S  STOP
(S (NP Net income )NP (VP increased (NP 6.7 % )NP (PP to (NP (QP *UNKN billion )QP yen )NP )PP (PP from (NP (QP *UNKN billion )QP yen )NP )PP )VP . )S  STOP
(S (NP Per-share net )NP (VP rose (PP to (NP *UNKN yen )NP )PP (PP from (NP *UNKN yen )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC Paper 's )NP sales strength )NP (VP was (ADJP evident (PP in (NP (NP overall paper products sales )NP , (PP including (NP *UNK , printing and *UNKING papers )NP )PP , (SBAR (WHNP which )WHNP (S (VP rose (PP to (NP (NP (QP *UNKN billion )QP yen )NP (PP in (NP the first half )NP )PP )NP )PP (PP from (NP (NP (QP *UNKN billion )QP yen )NP (ADVP (NP a year )NP earlier )ADVP )NP )PP )VP )S )SBAR )NP )PP )ADJP )VP . )S  STOP
(S (NP *UNKC , (ADJP *UNKED and *UNK )ADJP paper sales )NP (ADVP also )ADVP (VP surged )VP . )S  STOP
(S (PP For (NP (NP the full fiscal year )NP (VP ending (NP next March )NP )VP )NP )PP , (NP *UNKC )NP (VP predicted (X that )X (NP (NP total sales )NP (PP of (NP (NP (QP *UNKN billion )QP yen )NP , (ADVP up (PP from (NP (QP *UNKN billion )QP yen )NP (PP in (NP the previous fiscal year )NP )PP )PP )ADVP )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC profit )NP (VP is (VP seen (PP at (NP (QP *UNKN billion )QP yen )NP )PP , (ADVP down (PP from (NP (QP *UNKN billion )QP yen )NP )PP )ADVP , (SBAR while (S (NP net income )NP (VP is (VP estimated (PP at (NP (QP *UNKN billion )QP yen )NP )PP , (ADVP up (PP from (NP (QP *UNKN billion )QP yen )NP )PP )ADVP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP The company )NP (VP did n't (VP provide (NP (NP an explanation )NP (PP for (NP the softer pretax profit performance )NP )PP )NP )VP )VP )S and (S (NP officials )NP could n't (VP be (VP reached (PP for (NP comment )NP )PP )VP )VP )S . )S  STOP
(S (NP *UNKC Paper )NP (VP said (SBAR (S (NP its pretax profit )NP (VP rose (NP 0.3 % )NP (PP to (NP (QP *UNKN billion )QP yen )NP )PP (PP from (NP (QP *UNKN billion )QP yen )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Sales )NP (VP rose (NP 8.5 % )NP (PP to (NP (QP *UNKN billion )QP yen )NP )PP (PP from (NP (QP *UNKN billion )QP yen )NP )PP )VP . )S  STOP
(S (NP Net income )NP (VP surged (NP 10 % )NP (PP to (NP (QP *UNKN billion )QP yen )NP )PP (PP from (NP (QP *UNKN billion )QP yen )NP )PP )VP . )S  STOP
(S (NP Per-share net )NP (VP rose (PP to (NP *UNKN yen )NP )PP (PP from (NP *UNKN yen )NP )PP )VP . )S  STOP
(S (NP (NP General paper product sales )NP , (PP including (NP (NP *UNK )NP and (NP other papers )NP )NP )PP , (PP accounting (PP for (NP (NP the bulk )NP (PP of (NP sales )NP )PP )NP )PP )PP , )NP (VP rose (PP to (NP (QP *UNKN billion )QP yen )NP )PP (PP from (NP (QP *UNKN billion )QP yen )NP )PP )VP . )S  STOP
(S (NP *UNKC Paper )NP (VP predicted (SBAR that (S (PP for (NP (NP the full fiscal year )NP (VP ending (NP next March 31 )NP )VP )NP )PP , (NP sales )NP (VP will (VP total (NP (QP *UNKN billion )QP yen )NP , (ADVP up (PP from (NP (QP *UNKN billion )QP yen )NP )PP )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC profit )NP (VP was (VP estimated (PP at (NP (QP *UNKN billion )QP yen )NP )PP , (ADVP down (PP from (NP (QP *UNKN billion )QP yen )NP )PP )ADVP , (SBAR while (S (NP net income )NP (VP was (VP estimated (PP at (NP (QP 12 billion )QP yen )NP )PP , (ADVP up (PP from (NP (QP *UNKN billion )QP yen )NP )PP )ADVP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Unocal Corp. 's )NP decision (S (VP to (VP put (NP its *UNKC oil and gas interests )NP (PP up (PP for (NP sale )NP )PP )PP (ADVP earlier (NP this week )NP )ADVP )VP )VP )S )NP (VP (VP is (NP (NP another step )NP (PP in (NP (NP (NP the company 's )NP strategic review )NP (PP of (NP its properties )NP )PP )NP )PP )NP )VP , and (VP shows (SBAR that (S (NP (NP few )NP (PP of (NP them )NP )PP )NP (VP are (NP *UNKED *UNK )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The company )NP (VP declined (S (VP to (VP estimate (NP (NP the value )NP (PP of (NP the *UNKC holding )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S But (NP (NP *UNKC L. *UNKC )NP , (NP (NP an analyst )NP (PP at (NP Dean Witter Reynolds Inc. )NP )PP )NP , )NP (VP forecast (SBAR that (S (NP the sale )NP (VP will (VP bring (PRT in )PRT (UCP `` (NP (QP $ 200 million )QP )NP or (ADJP substantially more )ADJP )UCP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP The proposed transaction )NP (VP is (NP (NP the latest )NP (PP in (NP (NP a *UNK )NP (PP of (NP assets )NP )PP (PP by (NP (NP the Los Angeles-based oil company )NP (SBAR (WHNP that )WHNP (S (VP has (VP included (NP (NP (NP the (ADJP (QP $ 200 million )QP )ADJP sale )NP (PP of (NP its headquarters property )NP )PP )NP and (NP (NP the pending sale )NP (PP of (NP (NP half )NP (PP of (NP its Chicago refinery and related marketing operations )NP )PP )NP )PP (PP to (NP *UNKC de *UNKC *UNKC )NP )PP )NP )NP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP he )NP (VP *UNK (NP particular importance )NP (PP to (NP the proposed sale )NP )PP (SBAR because (S (NP it )NP (VP suggests (SBAR that (S (NP the company )NP (VP is (ADJP willing (S (VP to (VP sell (NP (NP oil and gas assets )NP (SBAR (WHNP that )WHNP (S (VP are n't (NP (NP part )NP (PP of (NP its major strategic *UNK )NP )PP )NP )VP )S )SBAR )NP )VP )VP )S )ADJP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Unocal )NP (VP said (SBAR (S (NP it )NP (VP expects (S (VP to (VP complete (NP (NP the sale )NP (PP of (NP its Unocal *UNKC *UNKC unit )NP )PP )NP (PP by (NP next March or April )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP addition )NP (PP to (NP (NP an (ADJP 18 % )ADJP stake )NP (PP in (NP the *UNKC *UNK field )NP )PP )NP )PP )NP )PP , (NP the *UNKC unit )NP (VP has (NP (NP interests )NP (VP ranging (PP (PP from (NP 10 % )NP )PP (PP to (NP 25 % )NP )PP )PP )VP (PP in (NP three other *UNKC oil and gas production licenses )NP )PP )NP )VP . )S  STOP
(S (PP In (NP 1986 )NP )PP , (NP Unocal )NP (VP sold (NP (NP a (ADJP 7.5 % )ADJP stake )NP (PP in (NP the *UNKC field )NP )PP )NP (PP to (NP (NP Deutsche *UNKC *UNKC . H. )NP , (NP a West German oil company )NP , )NP )PP (PP for (NP an undisclosed amount )NP )PP )VP . )S  STOP
(S (PP In (NP 1987 )NP )PP , (NP it )NP (VP sold (NP (NP a (ADJP 2.5 % )ADJP stake )NP (PP in (NP the *UNKC field )NP )PP )NP (PP to (NP the Swedish national oil company )NP )PP , (S (VP resulting (PP in (NP a (ADJP (QP $ 7 million )QP )ADJP after-tax gain )NP )PP )VP )S )VP . )S  STOP
(S (ADVP However )ADVP , (NP those sales )NP (VP were (ADVP early (PP in (NP (NP the field 's )NP history )NP )PP )ADVP , (SBAR before (S (NP production equipment )NP (VP was (VP installed )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The field )NP (VP (VP is (ADVP currently )ADVP (VP being (VP developed )VP )VP )VP and (VP is (VP slated (S (VP to (VP start (NP production )NP (PP by (NP (NP the end )NP (PP of (NP the year )NP )PP )NP )PP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP It )NP (VP 's (VP expected (S (VP to (VP produce (NP (NP (QP about *UNKN )QP barrels )NP (PP per (NP day )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP A company spokesman )NP (VP said (SBAR (S (NP (NP the *UNKC field 's )NP gross reserves )NP (VP were (VP estimated (PP in (NP 1987 )NP )PP (PP at (NP (QP *UNKN million )QP barrels )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP However )ADVP , (NP he )NP (VP added (SBAR that (S (NP (NP that estimate )NP , (VP made (PP before (NP extensive development drilling )NP )PP )VP , )NP (ADVP currently )ADVP (VP is (VP being (VP *UNKED )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The spokesman )NP (VP said (SBAR (S (NP Unocal )NP (VP has (VP had (NP (NP `` considerable interest '' )NP (PP from (NP prospective buyers )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP has (VP retained (NP J. Henry *UNKC *UNKC & Co. )NP (PP as (NP (NP financial adviser and agent )NP (PP for (NP the sale )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP France 's )NP unemployment rate )NP (VP was (ADJP steady )ADJP (PP at (NP a (ADJP (ADVP seasonally )ADVP adjusted )ADJP 9.5 % )NP )PP (PP in (NP September )NP )PP )VP )S , (NP the Social Affairs Ministry )NP (VP said )VP . )S  STOP
(S (PP In (NP September )NP )PP , (NP (NP the number )NP (PP of (NP *UNK )NP )PP )NP (VP rose (NP 0.1 % )NP (PP from (NP the previous month )NP )PP (PP to (NP 2.5 million )NP )PP (PP on (NP a (ADJP (ADVP seasonally )ADVP adjusted )ADJP basis )NP )PP )VP . )S  STOP
(S (NP The following )NP (VP were (PP among (NP (NP (NP yesterday 's )NP offerings and pricings )NP (PP in (NP the U.S. and non-U.S. capital markets )NP )PP )NP )PP , (PP with (NP terms and syndicate manager )NP )PP , (SBAR as (S (VP compiled (PP by (NP Dow Jones Capital Markets Report )NP )PP )VP )S )SBAR )VP : )S  STOP
(NP (NP *UNKC Credit Corp. )NP -- (NP (NP (QP $ 150 million )QP )NP (PP of (NP (ADJP (QP 9 1\/4 )QP % )ADJP senior notes )NP )PP (ADJP due (NP Nov. 1 , 1996 )NP )ADJP , (VP priced (PP at (NP *UNKN )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )NP . )NP  STOP
(S (NP The noncallable issue )NP (VP was (VP priced (PP at (NP (NP a spread )NP (PP of (NP (NP *UNKN basis points )NP (PP above (NP (NP the Treasury 's )NP *UNK- note )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (VP (VP Rated (ADJP *UNKC )ADJP (PP by (NP (NP Moody 's )NP Investors Service Inc. )NP )PP )VP and (VP (ADJP *UNK- )ADJP (PP by (NP (NP Standard & Poor 's )NP Corp. )NP )PP )VP )VP )S , (NP the issue )NP (VP will (VP be (VP sold (PP through (NP (NP underwriters )NP (VP led (PP by (NP Merrill Lynch Capital Markets )NP )PP )VP )NP )PP )VP )VP )VP . )S  STOP
(S (NP *UNKC Credit )NP (VP is (NP (NP a unit )NP (PP of (NP *UNKC Inc )NP )PP )NP )VP . )S  STOP
(NP (NP *UNKC Health System )NP -- (NP (NP *UNK- issue )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP revenue bonds )NP )PP )NP )PP , (VP (ADVP tentatively )ADVP priced (PP through (NP a Morgan Stanley & Co. group )NP )PP )VP )NP . )NP  STOP
(S (NP The offering )NP (VP includes (NP (NP (NP a new issue )NP (PP of (NP (NP (QP $ 53 million )QP )NP (PP of (NP (NAC *UNKC , Fla. , )NAC Series 1989 revenue bonds )NP )PP )NP )PP )NP (PP for (NP (NP St. Joseph 's )NP Hospital Inc. )NP )PP , (ADJP due (NP *UNKN , *UNKN and *UNKN )NP )ADJP )NP )VP . )S  STOP
(S (NP The bonds )NP (VP are (VP (ADVP tentatively )ADVP priced (S (VP to (VP yield (PP from (NP *UNKN % )NP (PP in (NP 1996 )NP )PP )PP (PP to (NP *UNKN % )NP (PP in (NP *UNKN )NP )PP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The other two *UNK )NP (PP of (NP the deal )NP )PP )NP (VP are (NP (NP (NP *UNK )NP (PP of (NP outstanding debt )NP )PP )NP (CONJP rather than )CONJP (NP new issues )NP )NP )VP . )S  STOP
(S (NP The bonds )NP (VP are (VP (VP rated (ADJP *UNK- )ADJP (PP by (NP (NP Moody 's )NP )NP )PP )VP and (VP (ADJP *UNK- )ADJP (PP by (NP S&P )NP )PP )VP , (PP according (PP to (NP the lead underwriter )NP )PP )PP )VP )VP . )S  STOP
(NP (NP (NP City and County )NP (PP of (NP *UNKC )NP )PP )NP -- (NP (NP (NP (QP $ 75 million )QP )NP (PP of (NP (NP general obligation bonds )NP , (NP 1989 Series B )NP , (ADJP due (NP *UNKN )NP )ADJP )NP )PP )NP , (PP through (NP a Bear , Stearns & Co. group )NP )PP )NP . )NP  STOP
(S (NP (NP The bonds )NP , (VP rated (ADJP *UNK- )ADJP (PP by (NP (NP Moody 's )NP and (NP S&P )NP )NP )PP )VP , )NP (VP were (VP priced (S (VP to (VP yield (PP from (NP (NP *UNKN % )NP (PP in (NP 1993 )NP )PP )NP )PP (PP to (NP (NP 7.10 % )NP (PP in (NP *UNKN and 2009 )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(NP (NP Federal National Mortgage Association )NP -- (NP (NP (NP (QP $ 500 million )QP )NP (PP of (NP Remic mortgage securities )NP )PP )NP (VP being (VP offered (PP in (NP 12 classes )NP )PP (PP by (NP Shearson Lehman Hutton Inc )NP )PP )VP )VP )NP . )NP  STOP
(S (NP (NP The offering )NP , (NP Series *UNKN )NP , (VP backed (PP by (NP Fannie Mae 9 % securities )NP )PP )VP , )NP (VP (VP brings (NP (NP Fannie Mae 's )NP 1989 Remic issuance )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP )VP and (VP (NP its total Remic volume )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP )VP (SBAR since (S (NP the program )NP (VP began (PP in (NP April 1987 )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKING terms )NP (VP were n't (ADJP available )ADJP )VP . )S  STOP
(NP (NP (NP *UNKC Electric Power Co . )NP (NP -LRB- Japan -RRB- )NP )NP -- (NP (NP (QP $ 200 million )QP )NP (PP of (NP (ADJP (QP 8 7\/8 )QP % )ADJP bonds )NP )PP (ADJP due (NP Nov. 28 , 1996 )NP )ADJP , (VP priced (PP at (NP 101 7\/8 )NP )PP (S (VP to (VP yield (NP (NP (QP 8 7\/8 )QP % )NP (PP less (NP full fees )NP )PP )NP , (PP via (NP Yamaichi International Europe Ltd )NP )PP )VP )VP )S )VP )NP . )NP  STOP
(NP Fees 1 7\/8 . )NP  STOP
(NP (NP (NP Toshiba Corp . )NP (NP -LRB- Japan -RRB- )NP )NP -- (NP (NP (NP (QP $ 1.2 billion )QP )NP (PP of (NP (NP bonds )NP (ADJP due (NP Nov. 16 , 1993 )NP )ADJP )NP )PP , (PP with (NP equity-purchase warrants )NP )PP , )NP )NP (S (VP indicating (NP (NP a (ADJP (QP 3 3\/4 )QP % )ADJP coupon )NP (PP at (ADJP par )ADJP )PP )NP )VP )S , (PP via (NP Nomura International Ltd )NP )PP . )NP  STOP
(S (NP Each (ADJP (QP $ 5,000 )QP )ADJP bond )NP (VP carries (NP (NP a warrant )NP (ADJP exercisable (NP (NP Dec. 1 , 1989 )NP , (PP through (NP Nov. 9 , 1993 )NP )PP )NP )ADJP )NP , (S (VP to (VP buy (NP company shares )NP (PP at (NP (NP an expected premium )NP (PP of (NP (NP (QP 2 1\/2 )QP % )NP (PP to (NP the closing share price )NP )PP )NP )PP )NP )PP (SBAR (WHADVP when )WHADVP (S (NP terms )NP (VP are (VP fixed (NP Nov. 2 )NP )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(NP (NP Credit Lyonnais Australia Ltd . )NP (PRN -LRB- French parent -RRB- )PRN -- (NP (NP (QP 50 million )QP Australian dollars )NP (PP of (NP (NP (QP 16 1\/4 )QP % bonds )NP (ADJP due (NP Nov. 30 , 1992 )NP )ADJP , (VP priced (PP at (NP 102 )NP )PP (S (VP to (VP yield (NP (NP *UNKN % )NP (PP less (NP full fees )NP )PP )NP )VP )VP )S , (PP via (NP *UNKC Bank Ltd )NP )PP )VP )NP )PP )NP . )NP  STOP
(NP (NP *UNKC )NP (PP by (NP Credit Lyonnais )NP )PP . )NP  STOP
(NP Fees (QP 1 1\/2 )QP . )NP  STOP
(NP (NP (NP World Bank )NP (NP -LRB- agency -RRB- )NP )NP -- (NP (NP (QP # 100 million )QP )NP (PP of (NP (NP (ADJP (QP 10 7\/8 )QP % )ADJP bonds )NP (ADJP due (NP Aug. 15 , 1994 )NP )ADJP , (VP offered (PP at (NP *UNKN )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S , (PP via (NP *UNKING Brothers & Co )NP )PP )VP )NP )PP )NP . )NP  STOP
(NP (NP *UNKC )NP (PP on (NP outstanding (ADJP (QP # 100 million )QP )ADJP issue )NP )PP . )NP  STOP
(SINV (VP (ADVP Also )ADVP issued )VP (VP were )VP (NP (NP (QP 10 billion )QP yen )NP (PP of (NP (NP bonds )NP (ADJP due (NP Dec. 5 , 1994 )NP )ADJP , (VP priced (PP at (NP (QP 101 1\/2 )QP )NP )PP , (PP with (NP (NP coupon )NP (VP paid (PP in (NP Australian dollars )NP )PP )VP )NP )PP , (PP via (NP *UNKC International Ltd )NP )PP )VP )NP )PP )NP . )SINV  STOP
(S (NP (NP Interest )NP (PP during (NP first year )NP )PP )NP (VP paid (ADVP *UNKLY )ADVP (PP at (NP *UNKN % )NP )PP )VP . )S  STOP
(S (ADVP *UNKC )ADVP , (NP interest )NP (VP paid (ADVP annually )ADVP (PP at (NP *UNKN % )NP )PP )VP . )S  STOP
(S (NP The World Bank )NP (ADVP also )ADVP (VP offered (NP (NP (QP 100 million )QP Swiss francs )NP (PP of (NP (NP (ADJP 6 % )ADJP bonds )NP (ADJP due (NP Nov. 16 , 1999 )NP )ADJP , (VP priced (PP at (NP (QP 101 1\/4 )QP )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S (PP via (NP Credit Suisse )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(NP (NP *UNKC )NP (PP by (NP *UNK )NP )PP (S (VP to (VP increase (NP issue amount )NP (PP to (NP (QP 150 million )QP francs )NP )PP )VP )VP )S . )NP  STOP
(NP (NP (NP *UNKC Corp . )NP (NP -LRB- Japan -RRB- )NP )NP -- (NP (NP (QP 80 million )QP Swiss francs )NP (PP of (NP (NP (ADJP (ADVP privately )ADVP placed )ADJP convertible notes )NP (ADJP due (NP March 31 , 1994 )NP )ADJP , (PP with (NP (NP fixed (ADJP 0.25 % )ADJP coupon )NP (PP at (NP par )NP )PP )NP )PP , (PP via (NP Nomura Bank Switzerland )NP )PP )NP )PP )NP . )NP  STOP
(S (VP Put (NP March 31 , 1992 )NP , (PP at (NP a fixed (QP 107 3\/4 )QP )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP . )S  STOP
(FRAG (NP Each (ADJP 50,000 Swiss *UNK )ADJP note )NP (ADJP convertible (NP (NP Dec. 4 , 1989 )NP , (PP through (NP March 17 , 1994 )NP )PP )NP , (PP at (NP (NP a (ADJP 5 % )ADJP premium )NP (PP over (NP (NP closing share price )NP (NP (NP Nov. 1 )NP , (SBAR (WHADVP when )WHADVP (S (NP terms )NP (VP are (VP fixed )VP )VP )S )SBAR )NP )NP )PP )NP )PP )ADJP . )FRAG  STOP
(NP (NP (NP Nippon Air *UNKC Co . )NP (PRN -LRB- Japan -RRB- )PRN )NP -- (NP (NP (QP 140 million )QP Swiss francs )NP (PP of (NP (NP (ADJP (ADVP privately )ADVP placed )ADJP convertible notes )NP (ADJP due (NP March 31 , 1994 )NP , (PP with (NP (NP fixed 0.25 % coupon )NP (PP at (NP par )NP )PP )NP )PP )ADJP , (PP via (NP (NP Yamaichi Bank )NP (NP -LRB- Switzerland -RRB- )NP )NP )PP )NP )PP )NP . )NP  STOP
(S (VP Put (NP March 31 , 1992 )NP , (PP at (NP fixed 107 *UNKN )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP . )S  STOP
(NP (NP Each (ADJP 50,000 Swiss *UNK )ADJP note )NP (ADJP convertible (NP (NP Nov. 27 , 1989 )NP , (PP through (NP March 17 , 1994 )NP )PP )NP , (PP at (NP (NP a (ADJP 5 % )ADJP premium )NP (PP over (NP (NP closing share price )NP (NP (NP Nov. 1 )NP , (SBAR (WHADVP when )WHADVP (S (NP terms )NP (VP are (VP fixed )VP )VP )S )SBAR )NP )NP )PP )NP )PP )ADJP . )NP  STOP
(NP (NP (NP Credit Suisse Finance *UNKC Ltd . )NP (NP -LRB- Swiss parent -RRB- )NP )NP -- (NP (NP (QP 100 billion )QP lire )NP (PP of (NP (NP (ADJP (QP 12 5\/8 )QP % )ADJP bonds )NP (ADJP due (NP June 30 , 1993 )NP )ADJP , (VP priced (PP at (NP *UNKN )NP )PP (S (VP to (VP yield (NP (NP *UNKN % )NP (PP less (NP full fees )NP )PP )NP )VP )VP )S , (PP via (NP *UNKC *UNKC *UNK *UNKC )NP )PP )VP )NP )PP )NP . )NP  STOP
(NP (NP *UNKC )NP (PP by (NP Credit Suisse )NP )PP . )NP  STOP
(NP Fees (QP 1 5\/8 )QP . )NP  STOP
(NP (NP Maryland National Bank )NP -- (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP securities )NP )PP (VP backed (PP by (NP (NP *UNK- lines )NP (PP of (NP credit )NP )PP )NP )PP (PP through (NP Merrill Lynch Capital Markets )NP )PP )VP )NP . )NP  STOP
(S (NP The bank )NP (VP is (NP (NP a subsidiary )NP (PP of (NP *UNKED *UNKC Financial Inc )NP )PP )NP )VP . )S  STOP
(S (NP The securities )NP (VP were (VP priced (S (VP to (VP float (ADVP monthly )ADVP (PP at (NP (NP 20 basis points )NP (PP above (NP the 30-day commercial paper rate )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The issue )NP , (VP (ADVP formally )ADVP *UNKED (S (NP (NP *UNKC Home Equity Loan Asset *UNKED *UNKC )NP , (NP Series 1989 )NP , )NP )S )VP )NP (VP will (VP represent (NP (NP interest )NP (PP in (NP (NP a trust fund )NP (PP of (NP (NP home equity *UNKING credit line loans )NP (VP (VP *UNKED (PP by (NP (NP the retail finance division )NP (PP of (NP Maryland National Bank )NP )PP )NP )PP )VP and (VP secured (ADVP primarily )ADVP (PP by (NP (NP (NP second *UNK )NP (PP of (NP trust )NP )PP )NP or (NP (NP second mortgages )NP (PP on (NP (ADJP single to *UNKLY )ADJP residential properties )NP )PP )NP )NP )PP )VP )VP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP The securities )NP (VP are (VP rated (ADJP triple-A )ADJP (PP by (NP (NP (NP Moody 's )NP )NP and (NP *UNKC & *UNKC Inc )NP )NP )PP )VP )VP . )S  STOP
(S (NP They )NP (VP are (VP expected (S (VP to (VP have (NP (NP an average life )NP (PP of (NP *UNKN years )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Maryland National Bank 's )NP retail finance division )NP (VP will (VP continue (S (VP to (VP service (NP the loans )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP (NP First National Bank )NP (PP of (NP Chicago )NP )PP )NP (VP will (VP act (PP as (NP *UNK )NP )PP )VP )VP )S , and (S (NP the transaction )NP (VP will (VP be (VP supported (PP by (NP (NP an (ADJP 8 % )ADJP letter )NP (PP of (NP credit )NP )PP (VP issued (PP by (NP (NP *UNKC *UNKC Bank Ltd. )NP , (NP Chicago branch )NP )NP )PP )VP )NP )PP )VP )VP )VP )S . )S  STOP
(NP (NP (NP *UNKC )NP (PP of (NP *UNKC *UNKC )NP )PP )NP -- (NP (NP (QP $ 250 million )QP )NP (PP of (NP (NP (ADJP (QP 8 1\/4 )QP % )ADJP debentures )NP (ADJP due (NP Nov. 15 , 2019 )NP )ADJP , (VP priced (PP at (NP *UNKN )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )NP )PP )NP . )NP  STOP
(S (NP (NP The noncallable issue )NP , (SBAR (WHNP which )WHNP (S (VP can (VP be (VP put (ADVP back (PP to (NP the province )NP )PP )ADVP (PP in (NP 2001 )NP )PP )VP )VP )VP )S )SBAR , )NP (VP was (VP priced (PP at (NP (NP a spread )NP (PP of (NP (NP 41 basis points )NP (PP above (NP (NP the Treasury 's )NP 10-year note )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (VP (VP Rated (ADJP single-A-2 )ADJP (PP by (NP Moody 's )NP )PP )VP and (VP (ADJP *UNK- )ADJP (PP by (NP S&P )NP )PP )VP )VP )S , (NP the issue )NP (VP will (VP be (VP sold (PP through (NP (NP underwriters )NP (VP led (PP by (NP Merrill Lynch Capital Markets )NP )PP )VP )NP )PP )VP )VP )VP . )S  STOP
(S (NP *UNKC & *UNKC Inc. )NP (VP said (SBAR (S (NP it )NP (VP plans (S (VP to (VP introduce (NP next year )NP (NP (NP a new line )NP (PP of (NP (NP *UNK )NP (VP containing (NP (NP *UNK )NP , (NP (NP the *UNK )NP (SBAR (WHNP that )WHNP (S (VP *UNK (PP against (NP (NP damage )NP (PP from (NP *UNK *UNK )NP )PP )NP )PP )VP )S )SBAR )NP )NP )VP )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The optical products company )NP (VP has (VP signed (NP a *UNKING agreement )NP (PP with (NP (NP *UNKC Technologies Inc. )NP , (NP (NP a (ADJP (ADVP closely )ADVP held )ADJP firm )NP (PP in (NP (NP San Antonio )NP , (NP Texas )NP )NP )PP , (SBAR (WHNP which )WHNP (S (VP has (VP developed (NP (NP a method )NP (SBAR (S (VP to (VP *UNK (NP the *UNK *UNK )NP (PP into (NP plastic *UNK )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )NP )PP )VP )VP . )S  STOP
(S (NP Terms )NP (VP were n't (VP disclosed )VP )VP . )S  STOP
(S (NP Security Pacific Corp. )NP (VP has (VP set (NP its *UNK )NP (PP on (S (VP buying (NP its second bank holding company )NP (NP this year )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP Security )NP (VP said (SBAR (S (NP it )NP (VP signed (NP (NP a letter )NP (PP of (NP intent (S (VP to (VP purchase (NP La *UNKC Bancorp )NP )VP )VP )S )NP )PP )NP , (S (VP agreeing (S (VP to (VP pay (NP (NP $ 15 )NP (PP of (NP its own stock )NP )PP )NP (PP for (NP (NP each share )NP (PP of (NP La *UNKC )NP )PP )NP )PP )VP )VP )S )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP *UNKED (PP on (NP (NP the current number )NP (PP of (NP La *UNKC shares )NP )PP )NP )PP )PP , (NP that )NP (VP gives (NP the transaction )NP (NP (NP a value )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )VP . )S  STOP
(S (NP La *UNKC )NP (VP is (NP (NP the parent company )NP (PP of (NP (NP La *UNKC Bank & Trust Co. )NP , (SBAR (WHNP which )WHNP (S (VP has (NP (NP 12 branches )NP (PP in (NP San Diego County )NP )PP )NP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (S (PP As (PP of (NP Sept. 30 )NP )PP )PP , (NP the bank )NP (VP had (NP (NP (NP assets )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP and (NP (NP deposits )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )NP )VP )S , (NP Security Pacific )NP (VP said )VP . )S  STOP
(S (ADVP Earlier (NP this month )NP )ADVP , (NP (NP Security Pacific )NP , (SBAR (WHNP which )WHNP (S (VP is (PP among (NP (NP the 10 largest bank holding companies )NP (PP in (NP the U.S. )NP )PP )NP )PP )VP )S )SBAR , )NP (VP completed (NP (NP the acquisition )NP (PP of (NP (ADJP San *UNKED )ADJP Southwest Bancorp )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP South Africa 's )NP current account surplus )NP (VP *UNKED (PP to (NP (NP a (ADJP (ADVP seasonally )ADVP adjusted )ADJP annual rate )NP (PP of (NP (NP (QP between five billion and six billion )QP *UNK )NP (PRN -LRB- (NP (QP $ 1.9 billion and $ *UNKN billion )QP )NP -RRB- )PRN )NP )PP )NP )PP (PP in (NP the third quarter )NP )PP )VP )S , (NP Reserve Bank *UNKC *UNKC *UNKC )NP (VP said )VP . )S  STOP
(S (NP The surplus )NP (VP was (NP (NP (NP (QP two billion )QP *UNK )NP (PP in (NP the second quarter )NP )PP )NP and (NP (NP (QP 2.7 billion )QP *UNK )NP (PP in (NP the first quarter )NP )PP )NP )NP )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP this improvement )NP (VP means (SBAR (S (NP it )NP (VP is (ADVP still )ADVP (ADJP possible (S (VP to (VP reach (NP (NP the targeted current account surplus )NP (PP of (NP (QP four billion )QP *UNK )NP )PP (PP for (NP 1989 )NP )PP )NP )VP )VP )S )ADJP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Corp. )NP (VP said (SBAR (S (NP its board )NP (VP approved (NP (NP the repurchase )NP (PP of (NP (QP as many as *UNKN )QP common shares )NP )PP )NP (SBAR (WHADVP when )WHADVP (S (NP market conditions )NP (VP are (ADJP *UNK )ADJP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The maker )NP (PP of (NP telecommunications management systems )NP )PP )NP (VP had (NP (NP *UNKN shares )NP (ADJP outstanding )ADJP )NP (PP as (PP of (NP Sept. 30 )NP )PP )PP )VP . )S  STOP
(S (PP In (NP over-the-counter trading )NP )PP (NP yesterday )NP , (NP *UNKC )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP up (NP 37.5 cents )NP )ADVP )VP . )S  STOP
(S (NP Service Corp. International )NP (VP said (SBAR (S (NP it )NP (VP expects (S (VP to (VP report (NP (NP (NP net income )NP (PP of (NP (NP 15 cents )NP (NP a share )NP )NP (PP for (NP the third quarter )NP )PP )PP )NP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP it )NP (VP expects (S (VP to (VP release (NP third-quarter results )NP (PP in (NP *UNK- )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNK home and *UNK operator )NP (VP changed (PP from (NP a fiscal year )NP )PP (PP to (NP a *UNK year )NP )PP (PP in (NP December )NP )PP )VP . )S  STOP
(S (PP In (NP (NP the comparable year-ago quarter )NP , (NP (NP the second quarter )NP (SBAR (S (VP ended (NP Oct. 31 )NP )VP )S )SBAR )NP , )NP )PP (NP Service Corp. )NP (VP had (NP (NP (NP a loss )NP (PP of (NP (NP (QP about $ 12.5 million )QP )NP , or (NP (NP 26 cents )NP (NP a share )NP )NP , )NP )PP )NP (PP on (NP (NP revenue )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Results )NP (PP for (NP that quarter )NP )PP )NP (VP included (NP (NP a (ADJP (ADJP (QP $ 30 million )QP )ADJP , or (ADJP (NP 40 cents )NP (NP a share )NP )ADJP )ADJP , *UNK- )NP (VP associated (PP with (NP (NP the consolidation )NP (PP of (NP a facility )NP )PP )NP )PP )VP )NP )VP . )S  STOP
(S (NP (NP Your (ADJP Sept. 25 )ADJP criticism )NP (PP of (NP credit-card foreign-exchange charges )NP )PP )NP (VP is (ADJP *UNKED )ADJP )VP . )S  STOP
(S (S (NP I )NP (VP have (VP (ADVP just )ADVP returned (PP from (NP France )NP )PP )VP )VP )S , and (S (NP (NP the net exchange rate )NP (VP charged (PP on (NP my *UNKC account )NP )PP )VP )NP (VP was (ADJP (ADJP more favorable )ADJP (SBAR than (S (NP I )NP (VP obtained (PP for (NP (NP *UNK 's )NP checks )NP )PP (PP in (NP (NP any )NP (PP of (NP (NP the several banks )NP (SBAR (WHADVP where )WHADVP (S (NP I )NP (VP converted (NP them )NP )VP )S )SBAR )NP )PP )NP )PP )VP )S )SBAR )ADJP )VP )S . )S  STOP
(NP (NP *UNKC *UNKC )NP (NP (NP *UNKC )NP , (NP *UNKC )NP )NP . )NP  STOP
(S (NP (NP The *UNKED French metals group )NP (NP *UNKC S.A. )NP )NP (VP said (SBAR (S (NP it )NP (VP has (VP signed (NP a preliminary accord (S (VP to (VP sell (NP its Paris headquarters )NP (PP to (NP (NP *UNKC *UNKC *UNKC )NP and (NP *UNKC *UNKC )NP )NP )PP (PP for (NP (NP (QP *UNKN billion )QP francs )NP (NP -LRB- (QP $ *UNKN million )QP -RRB- )NP )NP )PP )VP )VP )S )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The sale )NP , (SBAR (WHNP which )WHNP (S (NP *UNKC )NP (VP had (VP been (ADJP eager (S (VP to (VP make )VP )VP )S )ADJP (PP for (NP several months )NP )PP )VP )VP )S )SBAR , )NP (VP (VP is (ADVP still )ADVP (ADJP subject (PP to (NP certain unspecified conditions )NP )PP )ADJP )VP and (VP is (VP expected (S (VP to (VP be (VP completed (PP during (NP (NP the first quarter )NP (PP of (NP 1990 )NP )PP )NP )PP )VP )VP )VP )S )VP )VP )VP , (X (NP the group )NP )X . )S  STOP
(S (S (NP (NP (NP Hong Kong 's )NP main measure )NP (PP of (NP consumer prices )NP )PP )NP (VP rose (NP 10 % )NP (PP in (NP September )NP )PP (PP from (NP (NP a year )NP (ADVP earlier )ADVP )NP )PP )VP )S , (NP the government )NP (VP said )VP . )S  STOP
(S (NP (NP The Consumer Price Index `` A '' )NP , (SBAR (WHNP which )WHNP (S (VP measures (NP price changes )NP (PP for (NP (NP the 50 % )NP (PP of (NP (NP urban households )NP (SBAR (WHNP that )WHNP (S (VP spend (NP (NP (QP between 2,000 Hong Kong dollars (PRN -LRB- (NP US$ *UNKN )NP -RRB- )PRN and *UNKC *UNKN )QP )NP (NP a month )NP )NP )VP )S )SBAR )NP )PP )NP )PP )VP )S )SBAR , )NP (VP edged (ADVP up )ADVP (NP 1.5 % )NP (PP in (NP September )NP )PP (PP from (NP August )NP )PP )VP . )S  STOP
(S (NP (NP Index `` B '' )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP (NP price changes )NP (PP for (NP (NP the 30 % )NP (PP of (NP (NP urban households )NP (SBAR (WHNP that )WHNP (S (VP spend (NP (NP (QP between *UNKC *UNKN and *UNKC *UNKN )QP )NP (NP a month )NP )NP )VP )S )SBAR )NP )PP )NP )PP )NP )VP )S )SBAR , )NP (VP (VP rose (NP *UNKN % )NP (NP last month )NP (PP from (NP (NP a year )NP (ADVP earlier )ADVP )NP )PP )VP and (VP was (ADVP up (NP 1.3 % )NP )ADVP (PP from (NP the *UNKING month )NP )PP )VP )VP . )S  STOP
(S (NP (NP (NP September 's )NP *UNKC *UNKC Consumer Price Index )NP , (SBAR (WHNP which )WHNP (S (VP measures (NP (NP price changes )NP (PP for (NP (NP the 10 % )NP (PP of (NP (NP urban households )NP (VP spending (NP (NP (NP *UNKC 10,000 )NP and (NP *UNKC *UNKN )NP )NP (NP a month )NP )NP )VP )NP )PP )NP )PP )NP )VP )S )SBAR )NP , (VP (VP was (ADVP up (NP 11 % )NP )ADVP (PP from (NP a year ago )NP )PP )VP and (VP (ADVP up (NP 1.3 % )NP )ADVP (PP from (NP August )NP )PP )VP )VP . )S  STOP
(S (NP (NP The main factors )NP (PP for (NP (NP the September increase )NP (PP from (NP the previous month )NP )PP )NP )PP )NP (VP were (NP (NP higher prices )NP (PP for (NP services , food and housing )NP )PP )NP )VP . )S  STOP
(S (NP (NP Prices )NP )NP (VP fell (ADVP *UNKLY )ADVP (PP for (NP fuel and electricity )NP )PP )VP . )S  STOP
(S (S (NP (ADJP (ADJP West German )ADJP and (ADJP French )ADJP )ADJP authorities )NP (VP have (VP cleared (NP (NP (NP *UNKC Bank AG 's )NP takeover )NP (PP of (NP (NP a majority stake )NP (PP in (NP (NP *UNKC *UNKC de *UNKC )NP (PRN -LRB- (NP *UNKC )NP -RRB- )PRN )NP )PP )NP )PP )NP )VP )VP )S , (NP *UNKC Bank )NP (VP said )VP . )S  STOP
(S (NP (NP The approval )NP , (SBAR (WHNP which )WHNP (S (VP had (VP been (VP expected )VP )VP )VP )S )SBAR , )NP (VP permits (S (NP (NP West Germany 's )NP second-largest bank )NP (VP to (VP acquire (NP (NP shares )NP (PP of (NP the French investment bank )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (PP In (NP a first step )NP )PP , (NP Dresdner Bank )NP (VP will (VP buy (NP (NP *UNKN % )NP (PP of (NP *UNKC )NP )PP )NP (PP for (NP (NP (NP (NP *UNKN French francs )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN )NP (NP a share )NP )NP , or (NP (NP (QP *UNKN million )QP francs )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP )NP )PP )VP )VP . )S  STOP
(S (NP Dresdner Bank )NP (VP said (SBAR (S (NP it )NP (VP will (ADVP also )ADVP (VP buy (NP (NP all shares )NP (VP tendered (PP by (NP shareholders )NP )PP (PP on (NP the Paris Stock Exchange )NP )PP )VP )NP (PP at (NP the same price )NP )PP (PP (PP from (NP today )NP )PP (PP through (NP Nov. 17 )NP )PP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP the bank )NP (VP has (NP an option (S (VP to (VP buy (NP (NP a (ADJP *UNKN % )ADJP stake )NP (PP in (NP *UNKC )NP )PP )NP (PP from (NP Societe *UNKC )NP )PP (PP after (NP Jan. 1 , 1990 )NP )PP (PP at (NP (NP *UNKN francs )NP (NP a share )NP )NP )PP )VP )VP )S )NP )VP . )S  STOP
(S (NP (NP *UNKC Electric Co. )NP , (NP (NP one )NP (PP of (NP (NP Japan 's )NP leading electric wire and cable manufacturers )NP )PP )NP , )NP (VP said (SBAR (S (NP (NP *UNKED pretax profit )NP (PP in (NP (NP the fiscal first half )NP (VP ended (NP Sept. 30 )NP )VP )NP )PP )NP (VP fell (NP 5.3 % )NP (PP to (NP (NP (QP *UNKN billion )QP yen )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP )PP (PP from (NP (NP (QP *UNKN billion )QP yen )NP (NP (NP a year )NP (ADVP earlier )ADVP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Sales )NP (VP increased (NP *UNKN % )NP (PP to (NP (QP *UNKN billion )QP yen )NP )PP (PP from (NP (QP *UNKN billion )QP yen )NP )PP )VP . )S  STOP
(S (NP Net )NP (VP fell (NP 1 % )NP (PP to (NP (QP *UNKN billion )QP yen )NP )PP (PP from (NP (QP *UNKN billion )QP yen )NP )PP )VP . )S  STOP
(S (NP *UNKC net )NP (VP fell (PP to (NP *UNKN yen )NP )PP (PP from (NP *UNKN yen )NP )PP )VP . )S  STOP
(S (S (NP (NP The growing sales )NP (VP sustained (PP by (NP domestic demand )NP )PP )VP )NP (VP failed (S (VP to (VP counter (NP (NP (NP rising material metal costs )NP and (NP declining profitability )NP )NP (PP in (NP overseas construction )NP )PP )NP )VP )VP )S )VP )S , (NP *UNKC )NP (VP said )VP . )S  STOP
(S (NP *UNKED copper product sales )NP (VP were (NP (NP major *UNK )NP (PP to (NP overall sales growth )NP )PP )NP )VP . )S  STOP
(S (NP (NP Sales )NP (PP by (NP category )NP )PP )NP (VP rose (NP 24 % )NP (PP to (NP (QP *UNKN billion )QP yen )NP )PP , (S (VP reflecting (NP (NP increased production )NP (PP in (NP (NP automobile , *UNK and electric machine industries )NP , (SBAR (WHNP which )WHNP (S (VP are (NP (NP major users )NP (PP of (NP wire and cable products )NP )PP )NP )VP )S )SBAR )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP (NP Sales )NP (PP for (NP electric *UNK and *UNK )NP )PP )NP (VP rose (NP *UNKN % )NP (PP to (NP (QP *UNKN billion )QP yen )NP )PP )VP . )S  STOP
(S (S (NP (NP West Germany 's )NP *UNKING index )NP (VP (VP rose (NP a preliminary 0.3 % )NP (PP in (NP October )NP )PP (PP from (NP September )NP )PP )VP and (VP was (ADVP up (NP 3.3 % )NP )ADVP (PP from (ADVP (NP a year )NP earlier )ADVP )PP )VP )VP )S , (NP (NP the Federal Statistics Office )NP (PP in (NP *UNKC )NP )PP )NP (VP said )VP . )S  STOP
(S (NP The increase )NP (VP follows (NP (NP a monthly rise )NP (PP of (NP 0.2 % )NP )PP (PP in (NP September )NP )PP (PP from (NP August )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC *UNKING data )NP (PP for (NP the current month )NP )PP )NP (VP are (VP calculated (PP based (PP on (NP (NP inflation data )NP (PP from (NP (NP the four largest West German states )NP -- (NP (NP *UNKC )NP , (NP North *UNKC )NP , (NP *UNKC )NP and (NP *UNKC )NP )NP )NP )PP )NP )PP )PP )VP )VP . )S  STOP
(S (NP The Philippine government )NP (VP awarded (NP (NP Finland 's )NP *UNKC *UNK )NP (NP the contract (S (VP to (VP *UNK (NP (NP the facilities )NP (PP of (NP Philippine *UNKED *UNKING & *UNKING Corp. )NP )PP )NP )VP )VP )S )NP , (PP according (PP to (NP (NP documents )NP (PP from (NP (NP National Development Corp. )NP , (NP (NP one )NP (PP of (NP (NP Philippine company 's )NP owners )NP )PP )NP )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP The project )NP (VP (VP costs (NP (QP $ *UNKN million )QP )NP )VP , and (VP is (VP intended (S (VP to (VP boost (NP (NP the company 's )NP production capacity )NP (PP by (NP 25 % )NP )PP (PP to (NP (NP *UNKN metric tons )NP (PP of (NP copper *UNK )NP )PP (NP a year )NP )NP )PP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (NP a mining , trading and construction concern )NP )VP . )S  STOP
(S (S (NP (NP September sales )NP (PP at (NP major Japanese retail stores )NP )PP )NP (VP rose (NP *UNKN % )NP (PP from (NP (NP a year )NP (ADVP earlier )ADVP )NP )PP (PP to (NP (NP (QP *UNKN trillion )QP yen )NP (PRN -LRB- (NP (QP $ *UNKN billion )QP )NP -RRB- )PRN )NP )PP , (S (VP marking (NP the *UNK- monthly increase )NP )VP )S )VP )S , (NP (NP the Ministry )NP (PP of (NP International Trade and Industry )NP )PP )NP (VP announced )VP . )S  STOP
(S (PP According (PP to (NP the ministry )NP )PP )PP , (NP (NP retail sales )NP (PP at (NP major department stores )NP )PP )NP (VP were (ADVP up (NP 12 % )NP (PP to (NP (QP *UNKN billion )QP yen )NP )PP )ADVP , (SBAR while (S (NP (NP sales )NP (PP at (NP *UNK )NP )PP )NP (VP rose (NP 6.7 % )NP (PP to (NP (QP *UNKN billion )QP yen )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP September 's )NP growth )NP (VP followed (NP (NP (NP a (ADJP *UNKN % )ADJP rise )NP (PP in (NP July )NP )PP )NP and (NP (NP an (ADJP 8 % )ADJP increase )NP (PP in (NP August )NP )PP )NP )NP , (S (VP showing (NP (NP continued expansion )NP (PP at (NP high *UNK- levels )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP A ministry official )NP (VP said (SBAR (S (NP the growth )NP (VP leads (PP to (NP the conclusion (SBAR (S (NP (NP the adverse effects )NP (PP of (NP (NP a consumption tax )NP (VP introduced (PP in (NP April )NP )PP )VP )NP )PP )NP (VP have (VP diminished )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Shell Canada Ltd. )NP (VP said (SBAR (S (NP it )NP (VP plans (S (VP to (VP build (NP a *UNK *UNKING and packaging plant )NP (PP at (NP (NP *UNKC )NP , (NP Ontario )NP )NP )PP , (SBAR with (S (NP start-up )NP (VP scheduled (PP for (NP 1992 )NP )PP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP A spokesman )NP (VP said (SBAR (S (NP (NP the plant )NP , (SBAR (WHNP which )WHNP (S (VP will (VP replace (NP (NP older *UNK and *UNK manufacturing plants )NP (PP in (NP Montreal and Toronto )NP )PP )NP )VP )VP )S )SBAR , )NP (VP will (VP cost (NP (NP (QP about 50 million )QP Canadian dollars )NP (PRN -LRB- (NP (QP US$ *UNKN million )QP )NP -RRB- )PRN )NP (S (VP to (VP build )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP is (ADVP (NP (QP about 100 )QP miles )NP *UNK (PP of (NP Toronto )NP )PP )ADVP )VP . )S  STOP
(S (NP (NP Shell Canada )NP , (NP an oil and gas producer and marketer )NP , )NP (VP is (NP (NP a unit )NP (PP of (NP (NP Royal *UNKC Group )NP , (NP an *UNKC concern )NP )NP )PP )NP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP the going )NP (VP gets (ADJP tough )ADJP )VP )S )SBAR , (NP (NP it )NP )NP (VP 's (ADJP tough )ADJP (S (VP to (VP trade (NP stocks )NP (PP in (NP *UNK Europe )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP That )NP (VP 's (NP (NP the *UNKING conclusion )NP (VP reached (PP by (NP (NP many international investors and money managers )NP (ADJP angry (PP at (NP (NP the *UNK )NP (PP on (NP Continental stock exchanges )NP )PP (PP during (NP (NP last week 's )NP global market *UNK )NP )PP )NP )PP )ADJP )NP )PP )VP )NP )VP . )S  STOP
(S (NP They )NP (VP say (SBAR (S (NP the recent market volatility )NP (VP has (VP *UNKED (NP (NP the *UNK )NP (PP of (NP (NP the way )NP (SBAR (S (NP many European exchanges )NP (VP trade (NP stocks )NP )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The weaknesses )NP (PP of (NP Continental exchanges )NP )PP )NP (VP are (VP driving (S (NP some fund managers )NP (VP to (VP switch (NP business )NP (PP to (NP (NP stocks )NP (VP traded (PP on (NP (NP (NP London 's )NP stock exchange )NP , (SBAR (WHNP which )WHNP (S (VP quotes (NP firm trading prices )NP (PP for (NP (NP (QP about 350 )QP blue-chip issues )NP (PP from (NP 12 major countries )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(SINV (S `` (S (NP I )NP (VP 'm not (VP saying (SBAR (S (NP London )NP (VP covered (NP itself )NP (PP in (NP *UNK )NP )PP )VP )S )SBAR )VP )VP )S , but (S (NP (NP the events )NP (PP of (NP the past week )NP )PP )NP (VP have (ADVP certainly )ADVP (VP exposed (NP (NP Europe 's )NP weaknesses )NP )VP )VP )S , '' )S (VP says )VP (NP (NP Stewart *UNKC )NP , (NP (NP a director )NP (PP of (NP (NP *UNKC *UNKC Investment Managers )NP (PP in (NP (NP *UNKC )NP , (NP *UNKC )NP )NP )PP , (SBAR (WHNP which )WHNP (S (VP manages (NP (NP (QP about # 6 billion )QP )NP (PRN -LRB- (NP (QP $ *UNKN billion )QP )NP -RRB- )PRN (PP in (NP institutional money )NP )PP )NP )VP )S )SBAR )NP )PP )NP )NP . )SINV  STOP
(S (NP He )NP (VP says (SBAR (S (NP (NP the problems )NP (PP on (NP European exchanges )NP )PP )NP (VP included (NP (NP *UNK- *UNK )NP , (NP (NP delayed execution )NP (PP of (NP buy and sell orders )NP )PP )NP and (NP trading *UNK )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (S `` (NP The events )NP (VP strengthen (NP (NP London 's )NP hand )NP (PP in (S (VP becoming (NP (NP the center )NP (PP for (S (VP trading (NP European stocks )NP )VP )S )PP )NP )VP )S )PP )VP , '' )S (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S (S (ADJP *UNKC (S (VP to (VP *UNK (NP (NP a large block )NP (PP of (NP (NP a French blue-chip company 's )NP shares )NP )PP )NP (PP in (NP Paris )NP )PP (PP for (NP two days )NP )PP (NP last week )NP )VP )VP )S )ADJP )S , (NP a frustrated Scottish *UNKC fund manager )NP (ADVP finally )ADVP (VP (VP *UNKED (ADVP down )ADVP (NP her phone )NP (PP in (NP *UNK )NP )PP )VP and (VP called (NP (NP James Capel & Co. )NP , (NP a London brokerage firm )NP )NP )VP )VP . )S  STOP
(S (NP The firm )NP (VP did (NP the trade )NP (PP in (NP seconds )NP )PP (PP on (NP (NP the London stock exchange 's )NP *UNKC *UNK- system )NP )PP )VP . )S  STOP
(S (PP On (NP (NP so-called *UNKC Monday )NP , (NP Oct. 16 )NP , )NP )PP (S (NP stock prices )NP (VP plunged (PP across (NP Europe )NP )PP )VP )S and (S (NP trading problems )NP (VP *UNKED )VP )S . )S  STOP
(S (NP London )NP (VP had (NP some problems )NP , (ADVP too )ADVP )VP . )S  STOP
(S (NP (NP The London exchange 's )NP electronic *UNKING system )NP (VP provided (NP only *UNK , or *UNK- , prices )NP (PP for (NP about 40 minutes )NP )PP (PP on (NP *UNKC Monday )NP )PP )VP . )S  STOP
(S (NP Some dealers )NP (VP say (SBAR (S (NP other traders )NP (VP were n't (VP picking (PRT up )PRT (NP their *UNK )NP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP London 's )NP problems )NP (VP were (NP nothing )NP (PP compared (PP with (NP the *UNKC 's )NP )PP )PP )VP . )S  STOP
(S (PP In (NP (NP Brussels )NP , (SBAR (WHNP which )WHNP (S (ADVP recently )ADVP (VP spent (NP (NP millions )NP (PP of (NP dollars )NP )PP )NP (PP on (NP a *UNKED trading system )NP )PP )VP )S )SBAR )NP )PP , (NP *UNKED traders )NP (VP watched (ADVP *UNKLY )ADVP (SBAR as (S (NP (NP a software failure )NP (PP before (NP (NP opening )NP (PP on (NP *UNKC Monday )NP )PP )NP )PP )NP (VP prevented (NP trading )NP (PP for (NP two days )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP 48 hours )NP )PP , (NP no one )NP (VP had (NP any idea )NP (SBAR (WHNP *UNKLY how much )WHNP (S (NP his securities )NP (VP were (ADJP worth )ADJP )VP )S )SBAR )VP . )S  STOP
(S (PP By (NP Wednesday )NP )PP , (NP frustrated *UNKC brokers )NP (VP *UNKED (NP the market )NP (PP by (S (VP using (NP (NP the *UNKED method )NP (PP of (S (VP *UNKING (NP stocks )NP (PP with (NP *UNK )NP )PP (PP on (NP a *UNK )NP )PP )VP )S )PP )NP )VP )S )PP )VP . )S  STOP
(S (NP The *UNKC computer system )NP (ADVP finally )ADVP (VP was (VP *UNKED and *UNKED (PP on (NP (NP Tuesday )NP (PP of (NP this week )NP )PP )NP )PP , (PP with (NP (NP the aid )NP (PP of (NP (NP Toronto Stock Exchange officials )NP (SBAR (WHNP who )WHNP (S (VP developed (NP the system )NP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP (NP Frankfurt )NP , (SBAR (WHNP which )WHNP (S (ADVP only )ADVP (VP has (NP a *UNK- daily *UNKING session )NP (PP (ADVP even )ADVP in (NP (NP the best )NP (PP of (NP times )NP )PP )NP )PP )VP )S )SBAR )NP )PP , (NP stocks )NP (VP did n't (VP open (PP for (NP the first 45 minutes )NP )PP (PP because of (NP (NP order *UNK )NP (SBAR (WHNP that )WHNP (S (NP brokers )NP (VP blame (PP on (NP (NP a wave )NP (PP of (NP (NP sell orders )NP (PP from (NP small investors )NP )PP )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (S (SBAR As (S (NP banks )NP (VP *UNKED (NP (NP *UNK- *UNK )NP (PP of (NP sell orders )NP )PP )NP )VP )S )SBAR , (NP the crush )NP (VP led (PP to (NP (NP *UNKC Monday 's )NP worst decline )NP )PP )VP )S : (S (NP German stocks )NP (VP ended (ADVP down (NP 13 % )NP )ADVP )VP )S . )S  STOP
(S (NP Exchange officials )NP (VP extended (NP trading hours )NP , (NP (NP (NP 75 minutes )NP (PP on (NP Monday )NP )PP )NP and (NP (NP 65 minutes )NP (PP on (NP Tuesday )NP )PP )NP )NP , (S (VP to (VP clear (PRT up )PRT (NP order *UNK )NP )VP )VP )S )VP . )S  STOP
(S (S (PP In (NP France )NP )PP , (NP (NP (QP more than half )QP the top 25 blue-chip stocks )NP (PRN -- (PP including (NP (NP such giants )NP (PP as (NP (NP *UNKC )NP and (NP *UNKC *UNKC )NP )NP )PP )NP )PP -- )PRN )NP (VP did n't (VP open (SBAR until (S (NP Wall Street )NP (VP rallied (ADVP late (PP in (NP the European trading day )NP )PP )ADVP )VP )S )SBAR )VP )VP )S , (NP traders )NP (VP say )VP . )S  STOP
(S (NP The rally )NP (VP *UNKED (NP some big sell orders )NP (PP into (NP big buy orders )NP )PP , (S (VP *UNKING (NP an *UNK- problem )NP )VP )S )VP . )S  STOP
(S But (PP by (NP that time )NP )PP , (NP many big institutions )NP (VP had (VP switched (NP business )NP (PP to (NP London )NP )PP )VP )VP . )S  STOP
(S `` (S (NP Belgium )NP (VP was (VP closed (PP for (NP two days )NP )PP )VP )VP )S , (S (NP France )NP (VP closed (PP for (NP (NP a couple )NP (PP of (NP hours )NP )PP )NP )PP )VP )S , (S (NP Germany )NP (VP was (VP stuck )VP )VP )S . )S  STOP
(SINV (S (NP It )NP (VP was (NP a *UNK )NP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP an investment manager )NP (PP at (NP (NP (NP Robert *UNKING Holdings Ltd. 's )NP International Investment Management unit )NP (PP in (NP London )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP (NP It )NP )NP (VP 's (ADJP very *UNKING )ADJP (SBAR that (S (NP these markets )NP (VP ca n't (VP cope )VP )VP )S )SBAR )VP . '' )S  STOP
(S (PP On (NP *UNKC Monday )NP )PP , (S (NP (NP the volume )NP (PP of (NP (NP German shares )NP (VP traded (PP in (NP London )NP )PP )VP )NP )PP )NP (VP (ADVP more than )ADVP tripled (PP to (NP 2.2 million )NP )PP )VP )S , and (S (NP (NP the volume )NP (PP of (NP French shares )NP )PP )NP (VP rose (NP 48 % )NP )VP )S . )S  STOP
(S -LRB- (PP By (NP comparison )NP )PP , (NP (NP German domestic stock volume )NP (PP in (NP Frankfurt )NP )PP )NP (VP (ADVP only )ADVP doubled (NP that day )NP )VP . -RRB- )S  STOP
(S (NP (NP The switch )NP (PP to (NP the London market )NP )PP (PP during (NP such *UNK times )NP )PP )NP (VP is (ADJP significant )ADJP )VP . )S  STOP
(S (S (PP For (NP one thing )NP )PP , (NP (NP the size )NP (PP of (NP the affected market )NP )PP )NP (VP is (ADJP enormous )ADJP )VP )S -- (S (NP the European stock markets )NP (VP account (PP for (NP (NP (QP some *UNKN )QP % )NP (PP of (NP global stock market capitalization )NP )PP )NP )PP , (PP with (NP (NP an estimated value )NP (PP of (NP (QP $ *UNKN trillion )QP )NP )PP )NP )PP , (PP according (PP to (NP Morgan Stanley Capital International )NP )PP )PP )VP )S . )S  STOP
(S (NP The Continental markets alone )NP (VP contribute (NP (NP (QP about *UNKN )QP % )NP (PP of (NP (NP estimated world market capitalization )NP (PP of (NP (QP $ *UNKN trillion )QP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (SBAR Though (S (NP (NP the (ADJP widely traded )ADJP shares )NP (SBAR (WHNP that )WHNP (S (VP are (VP quoted (PP in (NP London )NP )PP )VP )VP )S )SBAR )NP (VP account (PP for (NP (NP only a small portion )NP (PP of (NP those *UNK )NP )PP )NP )PP )VP )S )SBAR , (NP they )NP (VP (VP (ADVP still )ADVP are (NP the (ADJP (ADVP most closely )ADVP watched )ADJP (NP stocks )NP )NP )VP and (VP are (ADVP often )ADVP (VP viewed (PP as (NP (NP a *UNK )NP (PP for (NP the local markets )NP )PP )NP )PP (ADVP generally )ADVP )VP )VP )VP . )S  STOP
(S (NP (NP The switch )NP (PP to (NP London )NP )PP )NP (VP *UNK (NP the fact (SBAR that (S (PP despite (NP (NP the economic restructuring )NP (VP associated (PP with (NP European Community efforts (S (VP to (VP develop (NP a single market )NP (PP by (NP 1992 )NP )PP )VP )VP )S )NP )PP )VP )NP )PP , (NP European stock trading )NP (VP remains (NP a (ADJP (ADJP highly *UNKED )ADJP and (ADJP very *UNKED )ADJP )ADJP activity )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP *UNKC (NP this *UNK )NP )PP , (NP (NP one thing )NP (SBAR (WHNP that )WHNP (S (VP does n't (VP seem (ADJP likely (S (VP to (VP result (PP from (NP 1992 )NP )PP )VP )VP )S )ADJP )VP )VP )S )SBAR )NP (VP is (NP a single European stock market )NP )VP . )S  STOP
(S (ADVP Rather )ADVP , (NP there )NP (ADVP increasingly )ADVP (VP is (NP (NP a group )NP (PP of (NP (NP international brokerage and trading firms )NP (SBAR (WHNP that )WHNP (S (VP operate (PP in (NP most European financial centers )NP )PP )VP )S )SBAR )NP )PP -- (PP including (NP (NP (NP European giants )NP (PP such as (NP (NP *UNKC Bank PLC )NP and (NP Deutsche Bank )NP )NP )PP )NP , (CONJP as well as )CONJP (NP (NP (NP (NP Merrill Lynch & Co. )NP and (NP Shearson Lehman Hutton Inc. )NP )NP (PP of (NP the U.S. )NP )PP )NP and (NP (NP Japan 's )NP Nomura Securities Co )NP )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP These firms )NP , (SBAR (WHNP which )WHNP (S (ADVP often )ADVP (VP have (VP acquired (NP a local brokerage firm )NP )VP )VP )S )SBAR , )NP (VP are (VP calling (NP the *UNK )NP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP comes (PP to (S (VP deciding (SBAR (WHPP in (WHNP which market )WHNP )WHPP (S (VP to (VP *UNK (NP a trade )NP )VP )VP )S )SBAR )VP )S )PP )VP )S )SBAR )VP )VP . )S  STOP
(S And (NP (NP senior officials )NP (PP of (NP two U.S. securities houses )NP )PP )NP (VP say (SBAR (S (NP they )NP (VP switched (NP (NP trades )NP (PP in (NP European stocks )NP )PP )NP (PP to (NP the London market )NP )PP (NP (NP last week )NP (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP could n't (VP *UNK (NP (NP positions )NP (PP on (NP the *UNKC )NP )PP )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP *UNKC )ADVP , (NP (NP brokers )NP (PP on (NP the *UNKC )NP )PP )NP (VP are (ADJP worried )ADJP , (ADVP too )ADVP , (PP (ADVP mostly )ADVP by (NP (NP the potential loss )NP (PP of (NP business )NP )PP )NP )PP )VP . )S  STOP
(SINV (S `` (NP I )NP (VP would (VP be (ADJP much *UNK )ADJP (SBAR if (S (NP (NP this volume )NP (PRN -LCB- (PP in (NP German stocks )NP )PP -RCB- )PRN )NP (VP were (PP in (NP (NP Frankfurt )NP (PP rather than (NP London )NP )PP )NP )PP )VP )S )SBAR )VP )VP , '' )S (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP head )NP (PP of (NP (NP international equity sales )NP (PP at (NP (NP Dresdner Bank )NP (PP in (NP Frankfurt )NP )PP )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP He )NP (VP acknowledges (SBAR that (S (S (NP *UNK )NP (VP `` were (ADJP too wide )ADJP )VP )S and (S (NP *UNK )NP (ADJP too light )ADJP '' )S (PP in (NP the extreme conditions )NP )PP (PP on (NP *UNKC Monday )NP )PP )S )SBAR )VP . )S  STOP
(S (S (ADVP Already )ADVP (NP the Germans )NP (VP appear (S (VP to (VP be (VP acting )VP )VP )VP )S )VP )S ; (S (PP at (NP a special meeting )NP )PP (PP on (NP (NP the day )NP (PP of (NP the decline )NP )PP )NP )PP , (NP (NP directors )NP (PP of (NP the Frankfurt Stock Exchange )NP )PP )NP (VP voted (S (VP to (VP extend (NP their trading hours )NP )VP )VP )S , (SBAR although (S (NP they )NP (VP have n't (VP decided (UCP (WHADVP when )WHADVP or (PP by (NP how much )NP )PP )UCP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP A Frankfurt exchange official )NP , (S (VP *UNKING (NP (NP the brokers ' )NP *UNK )NP )VP )S , (VP says (SBAR (S (NP the market )NP (ADVP still )ADVP (VP feels (SBAR (S (NP it )NP (VP `` *UNKED (ADVP OK )ADVP (PP during (NP this crash )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP The Dutch )NP , (SBAR (WHNP who )WHNP (S (VP had (NP some trading problems )NP (PP because of (NP *UNK computer capacity )NP )PP )VP )S )SBAR , )NP (VP say (SBAR (S (NP (NP new equipment )NP (SBAR (S (VP to (VP solve (NP the problems )NP )VP )VP )S )SBAR )NP (VP ought (S (VP to (VP be (VP installed (PP within (NP a month )NP )PP )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(SINV (VP Says )VP (NP (NP a spokeswoman )NP (PP for (NP the Brussels *UNKC )NP )PP )NP : `` (S (NP (NP Nobody )NP (PP around (NP here )NP )PP )NP (VP will (VP tell (NP you )NP (SBAR (S (NP they )NP (VP are (ADJP happy (SBAR (S (NP the system )NP (VP did n't (NP work )NP )VP )S )SBAR )ADJP )VP )S )SBAR )VP )VP )S . )SINV  STOP
(S But (NP it )NP (VP 's (NP (NP just one )NP (PP of (NP (NP those things )NP (SBAR (WHNP that )WHNP (S (VP happened )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP Investors )NP (VP can (VP be (VP assured (ADVP now )ADVP (SBAR that (S (NP (NP this kind )NP (PP of (NP problem )NP )PP )NP (VP can (ADVP never )ADVP (VP occur (ADVP again )ADVP )VP )VP )S )SBAR )VP )VP )VP . '' )S  STOP
(S But (PP for (NP others )NP )PP , (NP the *UNK )NP (VP *UNK (NP (NP the promises )NP (VP made (PP after (NP (NP the 1987 stock crash )NP , (SBAR (WHADVP when )WHADVP (S (NP similar problems )NP (VP led (S (NP many markets )NP (VP to (VP develop (NP (NP the new systems )NP (SBAR (WHNP that )WHNP (S (VP performed (ADVP so badly )ADVP (NP last week )NP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )NP )PP )VP )NP )VP . )S  STOP
(S `` (NP They all )NP (VP said (SBAR (S (NP they )NP (VP invested (NP (NP huge amounts )NP (PP of (NP money )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(SINV (S But (S (NP they )NP (ADVP either )ADVP (VP did n't (VP buy (NP the right machines )NP )VP )VP )S or (S (NP they )NP (VP *UNKED (NP it )NP )VP )S , '' )S (VP says )VP (NP (NP *UNKING 's )NP Ms. *UNKC )NP . )SINV  STOP
(S (S (NP Canadian steel production )NP (VP totaled (NP (NP *UNKN metric tons )NP )NP (PP in (NP (NP the week )NP (VP ended (NP Oct. 21 )NP )VP )NP )PP , (NP (NP (NP a (ADJP 5.1 % )ADJP increase )NP (PP from (NP *UNKN tons )NP (NP the previous week )NP )PP )NP but (NP (NP a (ADJP 7.2 % )ADJP decline )NP (PP from (NP *UNKN tons )NP (ADVP (NP a year )NP earlier )ADVP )PP )NP )NP )VP )S , (NP Statistics Canada )NP (VP said )VP . )S  STOP
(S (NP The federal agency )NP (VP said (SBAR that (S (PP in (NP (NP the year )NP (PP through (NP Oct. 21 )NP )PP )NP )PP (NP production )NP (VP totaled (NP *UNKN tons )NP , (ADVP up (NP 7.1 % )NP (PP from (NP *UNKN tons )NP )PP )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Corp. )NP (VP said (SBAR (S (NP it )NP (VP will (VP resume (S (VP buying (PRT back )PRT (NP (NP (QP as many as three million )QP )NP (PP of (NP its common shares )NP )PP )NP )VP )S (PP under (NP (NP a program )NP (VP announced (ADVP (NP two years )NP ago )ADVP )VP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP had (NP (NP (QP *UNKN million )QP common shares )NP (ADJP outstanding )ADJP )NP (NP Sept. 30 )NP )VP )S )SBAR , )NP (VP had (VP *UNKED (NP *UNKN shares )NP (PP since (NP October 1987 )NP )PP (PP before (NP this latest announcement )NP )PP )VP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP it )NP (VP is n't (S (VP making (NP a commitment (S (VP to (VP purchase (NP (NP a specific number )NP (PP of (NP shares )NP )PP )NP )VP )VP )S )NP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP (NP yesterday )NP , (NP Trinova )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP up (NP 12.5 cents )NP )ADVP )VP . )S  STOP
(S (NP (NP *UNKC Inc. )NP and (NP *UNKC Inc. )NP )NP (VP said (SBAR (S (NP they )NP (VP plan (NP (NP a joint project )NP (SBAR (S (VP to (VP develop (NP (NP *UNK products )NP (SBAR (S (VP to (VP control (NP (NP such plant diseases )NP (PP as (NP (NP *UNK )NP , (NP a *UNK *UNKING agent )NP )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (PP Under (NP the plan )NP )PP , (NP the companies )NP (VP will (VP use (NP (NP *UNKC 's )NP *UNKED technology )NP (S (VP to (VP *UNK (NP (NP *UNK )NP (PP such as (NP (NP *UNKC *UNK )NP , (NP a *UNK )NP , )NP )PP )NP (S (VP to (VP enhance (NP their *UNK activity )NP (PP against (NP plant diseases )NP )PP )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP an agricultural biotechnology concern )NP , )NP (VP said (SBAR (S (NP initial work )NP (VP will (VP concentrate (PP on (NP (NP a *UNK strain )NP (PP of (NP *UNKC *UNK )NP )PP (SBAR (WHNP which )WHNP (S (VP has (VP shown (NP (NP promise )NP (PP for (S (VP controlling (NP *UNK )NP )VP )S )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The strain )NP (VP was (VP (VP discovered (PP by (NP *UNKC & Co. )NP )PP )VP and (VP *UNKED (PP to (NP (NP *UNKC )NP , (NP (NP a unit )NP (PP of (NP Uniroyal Chemical Co )NP )PP )NP )NP )PP )VP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (VP released (PP by (NP *UNK )NP )PP (PP during (NP grain and seed storage )NP )PP )VP )VP . )S  STOP
(S (NP (NP The recent appearance )NP (PP of (NP *UNK )NP )PP (PP in (NP (NP such *UNK )NP (PP as (NP (NP corn )NP and (NP *UNK *UNK )NP )NP )PP )NP )PP )NP (VP has (VP sparked (NP (NP public concern )NP and (NP (NP consumer scrutiny )NP (PP of (NP food handling and storage procedures )NP )PP )NP )NP )VP )VP . )S  STOP
(S (NP European Community employers )NP (VP fear (SBAR that (S (NP (NP (NP the EC Commission 's )NP plans )NP (PP for (NP (NP a `` charter )NP (PP of (NP fundamental social rights )NP )PP '' )NP )PP )NP (VP is (NP (NP a danger )NP (PP to (NP industrial *UNK )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(SINV (S `` (NP We )NP (VP do n't (VP want (S (NP Brussels )NP (VP deciding (NP (NP conditions )NP (PP for (NP workers )NP )PP )NP (SBAR unless (S (NP they )NP (VP are (ADJP necessary and useful )ADJP )VP )S )SBAR )VP )S )VP )VP , '' )S (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP secretary general )NP (PP of (NP (NP the employers ' )NP *UNK *UNKC )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP *UNKC )NP (PRN -- (NP (NP an *UNK )NP (PP for (NP (NP the Union )NP (PP of (NP (NP Industrial and (NP *UNKC ' )NP *UNKC )NP (PP of (NP Europe )NP )PP )NP )PP )NP )PP )NP -- )PRN )NP (VP fears (SBAR that (S (NP the charter )NP (VP will (VP force (S (NP EC countries )NP (VP to (VP adopt (NP (NP a single pattern )NP (PP in (NP labor relations )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Workers and management )NP (PRN , (S (NP Mr. *UNKC )NP (VP said )VP )S , )PRN (VP would (VP lose (NP (NP the `` flexibility and *UNK '' )NP (SBAR (WHNP that )WHNP (S (VP has (ADVP so far )ADVP (VP allowed (S (NP them )NP (VP to (VP *UNK (PP to (NP local conditions and *UNK )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP The British government )NP (ADVP also )ADVP (VP (ADVP strongly )ADVP *UNK (NP (NP the charter )NP (PP in (NP its current form )NP )PP )NP )VP . )S  STOP
(S (NP It )NP (VP argues (PRN , (SBAR as (SINV (VP does )VP (NP *UNKC )NP )SINV )SBAR , )PRN (SBAR that (S (NP labor relations )NP (VP are (ADVP best )ADVP (VP left (S (VP to (VP be (VP *UNKED (PP at (NP the national level )NP )PP )VP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP France )NP (VP will (VP *UNK (NP (NP a (ADJP slightly *UNK- )ADJP version )NP (PP of (NP the charter )NP )PP (SBAR (S (VP to (VP be (VP discussed (PP by (NP EC *UNK- ministers )NP )PP (PP on (NP Monday )NP )PP )VP )VP )VP )S )SBAR )NP )VP )VP )S , (NP officials )NP (VP said )VP . )S  STOP
(S But (NP the *UNK changes )NP (VP are n't (VP expected (S (VP to (VP win (PRT over )PRT (NP Britain )NP )VP )VP )S )VP )VP . )S  STOP
(S `` (NP We )NP (ADVP still )ADVP (VP have (NP (NP serious differences )NP (PP with (NP the *UNK )NP )PP )NP (PRN , '' (S (NP a British official )NP (VP said )VP )S , )PRN (SBAR because (S (NP it )NP (VP provides (PP for (NP (NP a `` regulation )NP (PP of (NP the labor market )NP )PP )NP )PP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP the charter )NP (VP would (VP put (NP (NP *UNK EC countries )NP (PP such as (NP Spain , Greece and *UNKC )NP )PP )NP (PP at (NP a *UNK )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP would (VP (VP force (S (NP these countries )NP (VP to (VP introduce (NP (NP minimum standards )NP (PP for (NP (NP pay )NP and (NP working hours )NP )NP )PP )NP )VP )VP )S )VP , and (VP provide (PP for (NP (NP *UNK bargaining )NP and (NP (NP worker `` participation '' )NP (PP in (NP major corporate decisions )NP )PP )NP )NP )PP )VP )VP )VP . )S  STOP
(S (NP This )NP (PRN , (S (NP he )NP (VP warned )VP )S , )PRN (VP would (VP prevent (NP these countries )NP (PP from (S (VP *UNKING (NP the difference )NP (PP with (NP their *UNK EC *UNK )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S (ADVP Indeed )ADVP , (NP lower wages )NP (PRN -- (S (PP in (NP Greece )NP )PP , (NP they )NP (VP are (NP (NP a third )NP (PP of (NP the EC average )NP )PP )NP )VP )S -- )PRN (VP are n't (ADJP enough (S (VP to (VP offset (NP (NP (NP higher transport costs )NP and (NP lower productivity )NP )NP (PP in (NP the southern countries )NP )PP )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (S (VP *UNKING (NP labor costs )NP )VP )S (PRN , (S (NP Mr. *UNKC )NP (VP argued )VP )S , )PRN (VP would (VP (ADVP only )ADVP put (NP the countries )NP (PP at (NP (NP a further *UNK )NP (PP in (S (VP competing (PP in (NP (NP the *UNK- EC market )NP (VP planned (PP for (PP after (NP 1992 )NP )PP )PP )VP )NP )PP )VP )S )PP )NP )PP )VP )VP . )S  STOP
(S But (NP the *UNKC official )NP (VP said (SBAR that (S (S (VP producing (NP (NP a charter )NP (ADJP acceptable (PP to (NP both (NP Britain )NP and (NP European industry )NP )NP )PP )ADJP )NP )VP )S (VP is n't (NP an *UNK goal )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The charter )NP (VP would (VP (ADVP just )ADVP have (S (VP to (VP be (VP restricted (PP to (NP (NP a list )NP (PP of (NP (NP workers ' )NP fundamental rights )NP )PP )NP )PP , (PP without (S (VP seeking (S (VP to (VP impose (NP any *UNK )NP )VP )VP )S )VP )S )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP A key provision )NP (PP in (NP (NP the current version )NP (PP of (NP the charter )NP )PP )NP )PP )NP (VP would (VP give (NP the commission )NP (NP (NP a *UNK )NP (SBAR (S (VP to (VP produce (NP (NP an `` action program '' )NP (VP *UNKING (SBAR (WHPP on (WHNP what points )WHNP )WHPP (S (NP EC member states )NP (VP would (VP be (VP required (S (VP to (VP comply (PP with (NP (NP the goals )NP (VP set (PRT out )PRT (PP in (NP the charter )NP )PP )VP )NP )PP )VP )VP )S )VP )VP )VP )S )SBAR )VP )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP This provision )NP (VP lies (PP at (NP (NP the heart )NP (PP of (NP (NP the (UCP British and *UNKC )UCP fears )NP (PP of (NP (NP `` social engineering '' )NP (PP by (NP the commission )NP )PP )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP One possible political solution )NP (PRN , (S (NP an EC official )NP (VP said )VP )S , )PRN (VP would (VP be (SBAR for (S (NP the commission )NP (VP to (VP present (NP the action program )NP (PP in (NP late November )NP )PP , (PP before (NP (NP the adoption )NP (PP of (NP the charter )NP )PP (PP at (NP (NP a summit )NP (PP of (NP EC governments )NP )PP (PP on (NP Dec. 8 and 9 )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP This )NP (VP would (VP leave (S (NP Britain )NP (ADJP free (S (VP to (VP adopt (NP the charter )NP (PP after (S (VP having (VP *UNKED (NP the action program )NP )VP )VP )S )PP )VP )VP )S )ADJP )S )VP )VP . )S  STOP
(S (NP The charter )NP (VP was (VP approved (PP by (NP the EC Commission )NP )PP (PP on (NP Sept. 21 )NP )PP )VP )VP . )S  STOP
(S (NP (NP (NP France 's )NP Socialist government )NP , (SBAR (WHNP which )WHNP (S (VP (ADVP currently )ADVP holds (NP (NP the council 's )NP *UNKING presidency )NP )VP )S )SBAR , )NP (VP is (VP committed (PP to (S (VP having (S (NP the charter )NP (VP adopted (PP by (NP all 12 EC states )NP )PP (PP before (NP (NP the end )NP (PP of (NP (NP 1989 )NP -- (NP (NP the *UNK )NP (PP of (NP (NP the French revolution )NP and (NP (NP its `` *UNKC *UNKC )NP (PP of (NP Human Rights )NP )PP )NP )NP )PP )NP )NP )PP )NP )PP )VP )S )VP )S )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP chairman )NP (PP of (NP (NP *UNKC Brothers *UNKC )NP , (NP (NP *UNKC )NP , (NP Pa. )NP )NP )NP )PP )NP , )NP (VP was (VP named (S (NP (NP a director )NP (PP of (NP this *UNKING company )NP )PP )NP )S , (S (VP expanding (NP the board )NP (PP to (NP 11 members )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP (NP Sam *UNKC )NP and (NP his men )NP )NP (VP are (ADJP late )ADJP )VP . )S  STOP
(S (NP They )NP (VP (VP *UNK (PP out (PP of (NP their truck )NP )PP )PP )VP and (VP (ADVP *UNKLY )ADVP begin (S (VP *UNKING (PRT together )PRT (NP (NP steel *UNK )NP (VP *UNKING (NP a giant storage tank )NP (PP to (NP (NP the *UNKC )NP , (NP (NP a *UNKLY *UNKED oil well )NP (ADJP (NP two miles )NP deep )ADJP )NP )NP )PP )VP )NP )VP )S )VP )VP . )S  STOP
(S (SBAR If (S (NP they )NP (VP finish (NP today )NP )VP )S )SBAR , (NP the *UNKC )NP (VP can (VP *UNK (NP tomorrow )NP )VP )VP . )S  STOP
(S (NP One *UNK )NP , (S (VP *UNKING (PP by (NP his hands )NP )PP (PP from (NP a *UNK )NP )PP )VP )S , (VP *UNK (NP his weight )NP (PP on (NP a *UNK- *UNK )NP )PP (S (VP to (VP *UNK (NP a stuck *UNKING )NP )VP )VP )S )VP . )S  STOP
(S `` (NP We )NP (VP 've (VP been (VP putting (PRT in )PRT (NP (NP long hours )NP , '' (PRN (S (NP Mr. *UNKC )NP (VP says )VP )S )PRN -- (NP (NP (NP *UNK- weeks )NP and (NP *UNK- days )NP )NP (PP for (NP the last two months )NP )PP )NP )NP )VP )VP )VP . )S  STOP
(S (S (ADVP (NP A year )NP ago )ADVP , (SBAR (WHADVP when )WHADVP (S (NP almost nothing )NP (VP was (VP happening (PP amid (NP these *UNK *UNK )NP )PP )VP )VP )S )SBAR , `` (NP you )NP (VP 'd (VP (VP spend (NP two days )NP (S (VP working )VP )S )VP and (VP (NP two days )NP (PP in (NP the *UNK )NP )PP )VP )VP )VP )S , '' (NP he )NP (VP recalls )VP . )S  STOP
(S (PP After (NP (NP a three-year *UNK )NP (PP of (NP (NP uncertain oil prices )NP , (NP *UNK budget cuts )NP and (NP sweeping *UNK )NP )NP )PP )NP )PP , (NP fear )NP (VP is (ADVP finally )ADVP (VP leaving (NP the oil *UNK )NP )VP )VP . )S  STOP
(S (NP Independent *UNK )NP (VP are (VP (ADVP *UNKLY )ADVP *UNKING (NP *UNK )NP (PP into (NP (NP the Earth 's )NP *UNK )NP )PP (ADVP again )ADVP )VP )VP . )S  STOP
(S (NP (NP Some )NP (PP in (NP Big Oil )NP )PP )NP (VP are (VP easing (NP (NP the grip )NP (PP on (NP their *UNK )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP Investment capital )NP (VP is (VP *UNKING (ADVP back )ADVP )VP )VP )S , and (S (NP oil properties )NP (VP are (VP *UNKING (NP more )NP )VP )VP )S . )S  STOP
(S (NP *UNKC prices )NP (VP are (ADVP even )ADVP (VP *UNKING (ADVP up )ADVP )VP )VP . )S  STOP
(SBARQ (WHNP What )WHNP (SQ (VP happened )VP )SQ ? )SBARQ  STOP
(S (PP In (NP *UNK terms )NP )PP , (NP stability )NP (VP has (VP (ADVP quietly )ADVP settled (PP into (NP international oil markets )NP )PP )VP )VP . )S  STOP
(S (S (NP *UNKC politics )NP (VP have (VP *UNKED (PRT down )PRT )VP )VP )S and (S (NP (NP the *UNKING )NP (PP within (NP (NP the Organization )NP (PP of (NP Petroleum *UNKING *UNKC )NP )PP )NP )PP )NP (VP seems (PP under (NP control )NP )PP (PP for (NP now )NP )PP )VP )S . )S  STOP
(SINV (S `` (NP (NP The fundamentals )NP (PP of (NP supply and demand )NP )PP )NP (ADVP once again )ADVP (VP are (VP setting (NP oil prices )NP )VP )VP , '' )S (VP says )VP (NP (NP Victor *UNKC )NP , (NP an Arthur *UNKC & Co. oil expert )NP )NP . )SINV  STOP
(S (PP After (NP (NP years )NP (PP of (NP wild swings )NP )PP )NP )PP , (NP oil prices )NP (PP over (NP the last 12 months )NP )PP (VP have (VP settled (PP at (NP (NP (QP around $ 15 to $ 20 )QP )NP (NP a barrel )NP )NP )PP )VP )VP . )S  STOP
(S (NP That )NP (VP is n't (NP (NP (NP the $ 40 )NP (SBAR (WHNP that )WHNP (S (VP *UNKED (NP producers )NP (ADVP (NP a decade )NP ago )ADVP )VP )S )SBAR )NP or (NP (NP the $ 10 )NP (SBAR (WHNP that )WHNP (S (VP pleased (NP users )NP (ADVP (NP a year )NP ago )ADVP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S But (NP it )NP (VP is (ADJP (ADJP high enough (S (VP to (VP *UNK (NP (NP the search )NP (PP for (NP future supplies )NP )PP )NP )VP )VP )S )ADJP , (ADJP low enough (S (VP to (VP promote (NP consumption )NP )VP )VP )S )ADJP and (ADJP (PRN , (ADVP most important )ADVP , )PRN steady enough (SBAR for (S (NP both producers and users )NP (VP to (VP believe (PP in )PP )VP )VP )S )SBAR )ADJP )ADJP )VP . )S  STOP
(SBAR Not that (S (NP oil )NP (ADVP suddenly )ADVP (VP is (NP a sure thing )NP (ADVP again )ADVP )VP )S . )SBAR  STOP
(S (NP The current *UNK )NP (VP (VP is (ADJP *UNK )ADJP )VP and (VP depends (PP on (NP (NP steady , strong demand )NP and (NP (NP continued relative *UNK )NP (PP within (NP (NP OPEC )NP , (NP (NP producer )NP (PP of (NP (NP (QP more than 40 )QP % )NP (PP of (NP (NP the *UNK- world 's )NP crude )NP )PP )NP )PP )NP )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP A recession )NP or (NP new OPEC *UNK )NP )NP (VP could (VP put (NP oil markets )NP (ADVP right back (PP in (NP the *UNK )NP )PP )ADVP )VP )VP . )S  STOP
(S (ADVP Also )ADVP , (S (NP the new *UNK )NP (VP are (ADJP *UNK )ADJP )VP )S , and (S (NP some )NP (VP question (NP their extent )NP )VP )S . )S  STOP
(S (S (NP Drilling activity )NP (VP is (ADVP still )ADVP (PP (ADVP far )ADVP below (NP (NP eight years )NP ago )NP )PP )VP )S , (S (NP there )NP (VP 's (NP no hiring surge )NP )VP )S and (S (NP some companies )NP (VP continue (S (VP to (VP *UNK )VP )VP )S )VP )S . )S  STOP
(S (PP With (NP all this )NP )PP , (NP even the (ADJP most wary )ADJP oil men )NP (VP agree (SBAR (S (NP something )NP (VP has (VP changed )VP )VP )S )SBAR )VP . )S  STOP
(S `` (NP It )NP (VP does n't (VP appear (S (VP to (VP be (VP getting (ADJP worse )ADJP )VP )VP )VP )S )VP )VP . )S  STOP
(SINV (S (NP (NP That )NP (PP in (NP itself )NP )PP )NP (VP has (VP got (S (VP to (VP cause (S (NP people )NP (VP to (VP feel (ADJP (ADVP (NP a little )NP more )ADVP optimistic )ADJP )VP )VP )S )VP )VP )S )VP )VP , '' )S (VP says )VP (NP (NP Glenn *UNKC )NP , (NP (NP the president )NP (PP of (NP Phillips Petroleum Co )NP )PP )NP )NP . )SINV  STOP
(S (SBAR Though (S (ADJP modest )ADJP )S )SBAR , (NP the change )NP (VP reaches (PP beyond (NP the oil *UNK )NP )PP , (ADVP too )ADVP )VP . )S  STOP
(S (NP (NP The same *UNK- prices )NP (SBAR (WHNP that )WHNP (S (VP (VP halted (NP U.S. oil exploration )NP )VP and (VP drove (S (NP many veteran oil men and companies )NP (PP out (PP of (NP the business )NP )PP )PP )S )VP )VP )S )SBAR )NP (ADVP also )ADVP (VP played (NP *UNK )NP (PP with (NP (NP (NP the nation 's )NP inflation rate )NP , (NP the trade deficit )NP and (NP (NP oil users ' )NP corporate and personal budgets )NP )NP )PP )VP . )S  STOP
(S (ADVP Now )ADVP , (PP at (ADJP least )ADJP )PP (NP (NP some *UNK )NP )NP (VP has (VP returned )VP , (PP for (NP (NP everyone )NP (PP (PP from (NP economists )NP )PP (PP to (NP *UNK )NP )PP )PP )NP )PP )VP . )S  STOP
(S (NP Corporate planners )NP (VP can (VP plan (ADVP again )ADVP )VP )VP . )S  STOP
(SINV (S `` (NP Management )NP (VP does n't (VP want (NP *UNK )NP )VP )VP , '' )S (VP notes )VP (NP (NP Jack *UNKC )NP , (SBAR (WHNP who )WHNP , (S (PP as (NP (NP *UNK- director )NP (PP at (NP American Airlines )NP )PP )NP )PP , (VP buys (NP (NP (QP some 2.4 billion )QP *UNK )NP (PP of (NP jet fuel )NP )PP (NP a year )NP )NP )VP )S )SBAR )NP . )SINV  STOP
(S (NP Prices )NP (VP had (VP been (ADJP so *UNK (SBAR that (S (NP two years ago )NP (NP Mr. *UNKC )NP (VP gave (PRT up )PRT (PP on (NP long-term forecasts )NP )PP )VP )S )SBAR )ADJP )VP )VP . )S  STOP
(SINV (S And (NP consumers )NP `` (VP should (VP be (ADJP comfortable )ADJP )VP )VP , '' )S (VP adds )VP (NP (NP W. *UNKC Moore )NP , (NP (NP U.S. deputy secretary )NP (PP of (NP energy )NP )PP )NP )NP . )SINV  STOP
(S `` (NP I )NP (VP do n't (VP see (NP (NP anything )NP (PP on (NP the *UNK )NP )PP (SBAR (WHNP that )WHNP (S (VP could (VP lead (PP to (NP (NP a *UNK rise )NP (PP in (NP the price )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP . '' )S  STOP
(S (NP (NP The *UNK )NP (PP for (NP all this )NP )PP )NP (VP has (VP been (NP OPEC )NP )VP )VP . )S  STOP
(S (ADVP (NP About a year )NP ago )ADVP , (NP it )NP (VP ended (NP (NP an *UNK- , *UNK- internal production war )NP (SBAR (WHNP that )WHNP (S (VP had (VP (VP put (NP prices )NP (PP on (NP a *UNK *UNK )NP )PP )VP and (VP *UNKED (NP (NP oil *UNK )NP (PP (PP from (NP Houston )NP )PP (PP to (NP *UNKC )NP )PP )PP )NP (PP into (NP recession )NP )PP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Saudi *UNKC )NP , (NP (NP OPEC 's )NP *UNK )NP , )NP (VP abandoned (NP (NP a policy )NP (PP of (S (VP *UNKING (NP the market )NP (S (VP to (VP *UNK (NP *UNK- )NP )VP )VP )S )VP )S )PP )NP )VP . )S  STOP
(S (PP About (NP the same time )NP )PP , (NP (NP the *UNKC war )NP , (SBAR (WHNP which )WHNP (S (VP was (VP *UNKING (NP oil markets )NP )VP )VP )S )SBAR , )NP (VP ended )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP global petroleum demand )NP (VP has (VP been (VP *UNKING )VP )VP )VP . )S  STOP
(S (NP It )NP (VP is (VP projected (S (VP to (VP keep (VP growing (PP by (NP (NP (NP a million barrels )NP (NP a day )NP )NP , or (NP (NP (QP up to 2 )QP % )NP (ADVP annually )ADVP )NP )NP )PP , (PP for (NP (NP years )NP (SBAR (S (VP to (VP come )VP )VP )S )SBAR )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S (PP For (NP OPEC )NP )PP , (NP that )NP (VP 's (ADJP ideal )ADJP )VP . )S  STOP
(SINV (S (NP The resulting firm prices and stability )NP `` (VP will (VP allow (S (NP both (NP producers )NP and (NP consumers )NP )NP (VP to (VP plan (ADVP *UNKLY )ADVP )VP )VP )S )VP )VP , '' )S (VP says )VP (NP Saudi *UNKC Oil Minister *UNKC *UNKC )NP . )SINV  STOP
(S (NP OPEC *UNKC *UNKC )NP (VP explains : (S (NP Consumers )NP (VP offer (NP (NP security )NP (PP of (NP markets )NP )PP )NP , (SBAR while (S (NP OPEC )NP (VP provides (NP (NP security )NP (PP of (NP supply )NP )PP )NP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (S `` (NP This )NP (VP is (NP (NP an *UNK time )NP (SBAR (S (VP to (VP find (NP (NP mutual ways )NP (SBAR (S -LCB- (VP to (VP prevent -RCB- (NP price *UNK )NP (PP from (S (VP happening (ADVP again )ADVP )VP )S )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP , '' )S (NP he )NP (VP says )VP . )S  STOP
(S (S (VP To (VP promote (NP this balance )NP )VP )VP )S , (NP OPEC )NP (ADVP now )ADVP (VP is (ADVP finally )ADVP (VP *UNKING (NP a *UNKING internal problem )NP )VP )VP . )S  STOP
(S (PP At (NP its November meeting )NP )PP , (NP it )NP (VP will (VP try (S (VP to (VP *UNK (NP its quotas )NP (S (VP to (VP *UNK (NP (NP *UNKC Gulf members )NP (SBAR (WHNP that )WHNP (S (VP can (VP produce (NP (NP (ADJP far more )ADJP oil )NP (PP than (NP their *UNK )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (S (VP *UNKING (VP held (S (PP (ADVP well )ADVP below (NP capacity )NP )PP )S )VP )VP )S (VP (VP (ADVP greatly )ADVP *UNK (NP them )NP )VP , and (VP has (VP led (PP to (NP widespread *UNKING )NP )PP )VP )VP )VP . )S  STOP
(S (NP OPEC )NP (VP has (VP (ADVP repeatedly )ADVP raised (NP its *UNKED production ceiling )NP (S (VP to (VP *UNK (NP (NP some )NP (PP of (NP that *UNKED output )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Oil ministers )NP (ADVP now )ADVP (VP hope (S (VP to (VP solve (NP the issue )NP (ADVP for good )ADVP (PP through (NP (NP an *UNKC proposal )NP (SBAR (WHNP that )WHNP (S (VP (VP gives (NP (NP a larger share )NP (PP of (NP output )NP )PP )NP (PP to (NP (NP countries )NP (PP with (NP surplus capacity )NP )PP )NP )PP )VP and (VP reduces (NP (NP the shares )NP (PP of (NP (NP those )NP (SBAR (WHNP that )WHNP (S (VP ca n't (VP produce (NP more )NP (ADVP anyway )ADVP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(SINV (S But `` (SBAR if (S (NP they )NP (VP walk (ADVP out )ADVP (PP without (NP (NP any effort (S (VP to (VP resolve (NP their problem )NP )VP )VP )S )NP )NP )PP )VP )S )SBAR , (NP production )NP (VP could (VP increase (PP to (NP (NP (QP 23 million or 24 million )QP barrels )NP (NP a day )NP )NP )PP , (S (VP making (PP for (NP a (ADJP very *UNK )ADJP first quarter )NP )PP )VP )S )VP )VP , '' )S (VP warns )VP (NP (NP *UNKC *UNKC )NP , (NP a consultant and former *UNKC OPEC *UNK )NP )NP . )SINV  STOP
(S (NP That )NP (VP would (VP send (NP prices )NP (S (VP *UNKING (PP from (SBAR (WHNP what )WHNP (S (NP some *UNK- U.S. oil executives )NP (ADVP still )ADVP (VP regard (PP as (NP (ADJP too low )ADJP a level )NP )PP )VP )S )SBAR )PP )VP )S )VP )VP . )S  STOP
(S (NP (NP Patrick *UNK . Early )NP , (NP (NP president )NP (PP of (NP (NP Amoco Corp. 's )NP *UNK- unit )NP )PP )NP , )NP (VP says (SBAR that (S (PP despite (NP recent stability )NP )PP , (NP he )NP (VP plans (NP (NP (NP continued *UNKING )NP (PP of (NP costs )NP )PP )NP and (NP exploration spending )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The view )NP (PP of (NP (NP some others )NP (PP in (NP Big Oil )NP )PP )NP )PP )NP (PRN , (S (NP he )NP (VP maintains )VP )S , )PRN (VP `` is (ADJP (ADVP very much )ADVP -LCB- similar (PP to -RCB- (NP (NP Amoco 's )NP outlook )NP )PP )ADJP )VP . '' )S  STOP
(S (NP Just this week )NP (NP Mobil Corp. )NP (VP disclosed (NP (NP new *UNK )NP (PP in (NP its domestic exploration and production operations )NP )PP )NP )VP . )S  STOP
(S (S (ADVP *UNKC here )ADVP (PP on (NP (NP the *UNKC *UNKC )NP (PP of (NP New Mexico )NP )PP )NP )PP , (ADVP however )ADVP , (NP the mood )NP (VP is (ADJP more *UNK )ADJP )VP )S ; (S (S (NP trucks )NP (VP *UNK (PP along (NP the *UNK roads )NP )PP )VP )S and (S (NP (NP *UNKLY men )NP (PP in (NP hard *UNK )NP )PP )NP (VP *UNK and *UNK (PP through (NP the afternoon *UNK )NP )PP )VP )S )S . )S  STOP
(S (NP (NP Santa Fe Energy Co. )NP , (NP (NP a unit )NP (PP of (NP Santa Fe Southern Pacific Co. )NP )PP )NP , )NP (VP bought (PP from (NP Amoco )NP )PP (NP (NP the rights )NP (SBAR (WHNP that )WHNP (S (VP allowed (S (NP it )NP (VP to (VP *UNK (NP the *UNKC )NP )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(SINV (ADVP (NP A *UNK (QP and a half )QP )NP away )ADVP *UNK (NP (NP (NP the *UNK- *UNK )NP (PP of (NP the *UNKC )NP )PP )NP , (ADJP due (S (VP to (VP be (VP *UNKING (PP by (NP December )NP )PP )VP )VP )VP )S )ADJP )NP . )SINV  STOP
(SINV (S `` (NP *UNKC )NP (VP is (SBAR that (S (NP everybody )NP (VP is (VP going (S (VP to (VP *UNK (NP more wells )NP )VP )VP )S )VP )VP )S )SBAR )VP , '' )S (VP says )VP (NP *UNK *UNKC *UNKC )NP . )SINV  STOP
(S (NP Santa Fe )NP (VP aims (S (VP to (VP (VP drill (NP (QP about 30 )QP wells )NP (PP in (NP this area )NP )PP (PP in (NP 1989 )NP )PP )VP and (VP (NP double that )NP (NP next year )NP )VP )VP )VP )S )VP . )S  STOP
(S (S (NP It )NP (VP is (ADJP (ADJP more aggressive )ADJP (PP than (ADJP most )ADJP )PP )ADJP )VP )S , but (S (NP it )NP (VP is n't (NP (NP the only company )NP (PP with (NP a new attitude )NP )PP )NP , (SBAR as (S (NP it )NP (VP found (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP went (VP looking (PP for (NP (NP a partner )NP (PP for (NP the *UNKC )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP )S . )S  STOP
(SINV (S `` (NP We )NP (VP went (PP to (NP six companies )NP )PP (PP over (NP two days )NP )PP (S (VP *UNKING (NP the prospect )NP )VP )S )VP , '' )S (VP says )VP (NP (NP *UNKC Parker )NP , (NP a Santa Fe exploration manager )NP )NP . )SINV  STOP
(S `` (NP Five )NP (VP were (ADJP interested )ADJP )VP . '' )S  STOP
(S (NP Mitchell Energy & Development Corp. )NP (VP became (NP the partner )NP , (S (VP *UNKING (PRT up )PRT (NP (NP (NP (QP more than half )QP )NP (PP of (NP (NP the $ *UNKN )NP (PP in (NP drilling and start-up costs )NP )PP )NP )PP )NP )NP )VP )S )VP . )S  STOP
(S (NP Mitchell )NP (VP will (VP get (NP (NP a *UNK- )NP (PP in (NP the oil )NP )PP )NP )VP )VP . )S  STOP
(SINV (S (NP (NP `` A kind )NP (PP of (NP *UNK- *UNK )NP )PP '' )NP (VP had (VP been (VP *UNKING (NP activity )NP )VP )VP )VP , )S (VP says )VP (NP (NP Don *UNKC )NP , (NP (NP Mitchell 's )NP oil exploration chief )NP )NP . )SINV  STOP
(S (ADVP Now )ADVP `` (NP everybody )NP (VP is (ADJP (ADVP (NP a lot )NP more )ADVP optimistic )ADJP )VP . '' )S  STOP
(S (NP (NP One *UNK )NP (PP for (NP (NP oil operators )NP (UCP (ADVP here )ADVP and (PP in (NP other fields )NP )PP )UCP )NP )PP )NP (VP is (NP (NP (NP the *UNK- cost )NP (PP of (NP drilling and equipment )NP )PP )NP , (VP reflecting (NP (NP (NP service companies ' )NP *UNK )NP (PP for (NP work )NP )PP )NP )VP )NP )VP . )S  STOP
(S (NP (NP *UNKC Oil Co. )NP , (NP a small Texas independent )NP , )NP (VP is (ADVP currently )ADVP (VP (VP drilling (NP two wells )NP (NP itself )NP )VP and (VP putting (NP money )NP (PP into (NP three others )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP (NP One )NP (PP of (NP its wells )NP )PP )NP , (PP in (NP *UNK Oklahoma )NP )PP , )NP (VP is (NP (NP a `` rank *UNK , '' )NP (NP (NP a risky well )NP (SBAR (WHADVP where )WHADVP (S (NP oil )NP (ADVP previously )ADVP (VP has n't (VP been (VP found )VP )VP )VP )S )SBAR )NP )NP )VP . )S  STOP
(SINV (S `` (PP (PP At (NP (NP this price )NP , (NP (NP $ 18 )NP (ADVP plus or *UNK )ADVP )NP , )NP )PP and (PP with (NP (NP costs )NP (VP being (ADJP (ADJP significantly less )ADJP (SBAR than (S (NP they )NP (VP were (ADVP (NP several years )NP ago )ADVP )VP )S )SBAR )ADJP )VP )NP )PP )PP , (NP the economics )NP (VP are (ADJP pretty good )ADJP )VP , '' )S (VP says )VP (NP (NP George *UNKC )NP , (NP (NP head )NP (PP of (NP the company )NP )PP )NP )NP . )SINV  STOP
(S `` (SBAR If (S (NP you )NP (VP know (SBAR (S (NP you )NP (VP 've (VP got (NP (NP stability )NP (PP in (NP price )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR , (NP you )NP (VP can (VP do (NP (NP things )NP (SBAR (S (NP you )NP (VP would n't (VP do (PP with (NP (NP the volatility )NP (PP of (NP the past few years )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP . '' )S  STOP
(S (NP The activity )NP (VP is (ADJP enough (S (VP to (VP move (NP some *UNK- prices )NP (PRT back )PRT (PRT up )PRT (NP a little )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP Some *UNK- prices )NP (VP have (VP risen (NP 5 % )NP (PP in (NP the past month )NP )PP )VP )VP . )S  STOP
(S (PP In (NP (NP the Gulf )NP (PP of (NP Mexico )NP )PP )NP )PP , (NP (NP a *UNK )NP (SBAR (S (VP to (VP deliver (NP supplies )NP (PP to (NP *UNK *UNK )NP )PP )VP )VP )S )SBAR )NP (ADVP now )ADVP (VP costs (NP (NP (NP (QP around $ 3,000 )QP )NP (NP a day )NP )NP , (ADVP up (NP (QP nearly 60 )QP % )NP (PP since (NP June )NP )PP )ADVP )NP )VP . )S  STOP
(S (NP Some service *UNK )NP (ADVP recently )ADVP (VP were (VP *UNKED (PP for (NP (NP (NP (QP about $ 1.7 million )QP )NP (NP each )NP )NP , (ADVP up (PP from (NP (QP less than $ 1 million )QP )NP (ADVP (NP two years )NP ago )ADVP )PP )ADVP )NP )PP )VP )VP . )S  STOP
(S (S (S (PP At (NP (NP the bottom )NP (PP of (NP the slump )NP )PP )NP )PP , (NP *UNKC Inc. )NP (VP was (VP discounting (NP 75 % )NP (PP on (NP (NP an electronic evaluation )NP (PP of (NP a well )NP )PP )NP )PP )VP )VP )S ; (S (ADVP now )ADVP (NP it )NP (VP discounts (NP (QP about 50 )QP % )NP )VP )S )S , (NP *UNK )NP (VP say )VP . )S  STOP
(S (ADVP Still )ADVP , (NP there )NP (VP is (NP (NP money )NP (SBAR (S (VP to (VP be (VP made )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Most oil companies )NP , (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP set (NP (NP exploration and production budgets )NP (PP for (NP this year )NP )PP )NP )VP )S )SBAR , (VP forecast (NP (NP revenue )NP (PP of (NP (NP $ 15 )NP (PP for (NP (NP each barrel )NP (PP of (NP crude )NP )PP (VP produced )VP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Prices )NP (VP have (VP (VP averaged (ADVP (ADVP (NP (NP (QP more than $ 2 )QP )NP (NP a barrel )NP )NP higher )ADVP (PP than (NP that )NP )PP )ADVP )VP -- (NP not (NP a *UNK )NP , but (ADVP at least )ADVP (NP (NP a *UNK bonus )NP (PP for (NP them )NP )PP )NP )NP )VP )VP . )S  STOP
(S (ADVP So )ADVP , (PP according (PP to (NP a Dun & Bradstreet Corp. survey )NP )PP )PP , (NP (NP companies )NP (SBAR (WHNP that )WHNP (S (VP had (VP been (VP *UNKING (S (VP to (VP spend (NP even their (ADJP very conservative )ADJP budgets )NP )VP )VP )S )VP )VP )VP )S )SBAR )NP (VP may (VP *UNK (PRT up )PRT (PP before (NP year end )NP )PP )VP )VP . )S  STOP
(S (NP It )NP (VP says (SBAR (S (NP (NP 40 % )NP (PP of (NP (NP those )NP (VP surveyed )VP )NP )PP )NP (VP report (SBAR that (S (NP 1989 exploration spending )NP (VP will (VP exceed (NP 1988 's )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Funds )NP (PP for (NP drilling )NP )PP )NP (VP may (VP *UNK (ADVP up )ADVP (NP more )NP (NP next year )NP (SBAR if (S (NP oil prices )NP (VP stay (ADJP stable )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP (NP Texaco )NP , (VP thinking (PP in (NP (NP terms )NP (PP of (NP (NP (ADJP $ *UNKN )ADJP oil )NP (PP for (NP 1990 )NP )PP )NP )PP )NP )PP )VP , )NP (VP may (VP raise (NP (NP spending )NP , (PP (ADVP especially )ADVP for (NP *UNK- prospects )NP )PP )NP )VP )VP )S , (NP an official )NP (VP says )VP . )S  STOP
(S (NP (NP *UNKC investors )NP , (ADJP *UNK (PP since (NP *UNK )NP )PP )ADJP )NP , (VP are (VP *UNKING (ADVP back )ADVP )VP )VP . )S  STOP
(S (SBAR Although (S `` (NP (NP it )NP )NP (VP 's (ADVP still )ADVP (ADJP difficult )ADJP (S (VP to (VP raise (NP (NP money )NP (PP for (NP a *UNK *UNK program )NP )PP )NP )VP )VP )S )VP , '' )S )SBAR (PRN (SINV (VP says )VP (NP (NP William Thomas )NP , (NP (NP a Texas Commerce Bank official )NP (PP in (NP Houston )NP )PP )NP )NP )SINV )PRN , `` (NP institutions )NP (VP are (VP starting (S (VP to (VP see (SBAR (S (S (NP there )NP (VP are (NP (NP cycles )NP (PP to (NP these things )NP )PP )NP )VP )S , and (S (NP this one )NP (VP is (VP beginning (S (VP to (VP turn )VP )VP )S )VP )VP )S )S )SBAR )VP )VP )S )VP )VP . '' )S  STOP
(S (NP Wall Street )NP (ADVP generally )ADVP (VP likes (NP the industry )NP (ADVP again )ADVP )VP . )S  STOP
(S (NP (NP The *UNK )NP (PP for (NP *UNK- stocks )NP )PP )NP (VP has (VP been (ADJP especially strong )ADJP , (SBAR although (S (NP some )NP (VP got (VP hit (NP yesterday )NP (SBAR (WHADVP when )WHADVP (S (NP Shearson Lehman Hutton )NP (VP cut (NP (NP its short-term investment ratings )NP (PP on (NP them )NP )PP )NP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP such as (NP Parker Drilling Co. )NP )PP )NP (VP are (VP raising (NP cash )NP (ADVP again )ADVP (PP through (NP stock offerings )NP )PP )VP )VP )S , and (S (PP for (NP (NP the first time )NP (PP in (NP years )NP )PP )NP )PP , (NP two *UNK- companies )NP (ADVP recently )ADVP (VP went (ADJP public )ADJP )VP )S . )S  STOP
(S -LRB- (NP They )NP (VP are (NP (NP (NP Grace Energy Corp. )NP (PP of (NP Dallas )NP )PP )NP and (NP (NP Marine Drilling Co. )NP (PP of (NP Houston )NP )PP )NP )NP )VP . -RRB- )S  STOP
(S (NP Most oil companies )NP (VP are (ADVP still )ADVP (ADJP reluctant (S (VP to (VP add (PP to (NP (NP the office and professional staffs )NP (SBAR (S (NP they )NP (VP slashed (ADVP so deeply )ADVP )VP )S )SBAR )NP )PP )VP )VP )S )ADJP )VP . )S  STOP
(S But (NP a few new spots )NP (VP are (VP opening )VP )VP . )S  STOP
(S (NP (NP Arthur *UNKC )NP , (NP the accounting firm )NP , )NP (VP has (VP increased (NP its energy staff )NP (NP 10 % )NP (PP in (NP a year )NP )PP )VP )VP . )S  STOP
(S (PP Out (PP in (NP the oil fields )NP )PP )PP , (SBAR if (S (NP activity )NP (VP *UNK (ADVP up )ADVP (ADVP much more )ADVP )VP )S )SBAR , (NP *UNK )NP (VP could (VP appear (SBAR because (S (NP (ADVP so many )ADVP *UNK , *UNK and others )NP (VP left (PP after (NP the crash )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP Already )ADVP `` (NP (NP it )NP )NP (VP 's (ADJP hard )ADJP (S to (VP get (NP people )NP )VP )S )VP . )S  STOP
(SINV (S (NP They )NP (VP 're (ADJP so busy )ADJP )VP , '' )S (VP says )VP (NP (NP one Santa Fe drilling *UNK )NP (ADVP here )ADVP )NP . )SINV  STOP
(S (PP For (NP most field workers )NP )PP , (NP it )NP (VP 's (NP (ADVP about )ADVP time )NP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP arrived (ADVP late )ADVP (PP at (NP the *UNKC )NP )PP (PP with (NP his *UNK )NP )PP (SBAR because (S (NP he )NP (VP had (VP started (ADVP early (PP in (NP the morning )NP )PP )ADVP (S (VP setting (PRT up )PRT (NP tanks )NP (PP at (NP another site )NP )PP )VP )S )VP )VP )S )SBAR )VP )S )SBAR , )NP (ADVP just )ADVP (VP got (NP (NP the first raise )NP (SBAR (S (NP he )NP (VP can (VP remember (PP in (NP eight years )NP )PP )VP )VP )S )SBAR , (PP (PP to (NP (NP $ 8.50 )NP (NP an hour )NP )NP )PP (PP from (NP $ 8 )NP )PP )PP )NP )VP . )S  STOP
(S (NP (NP Norman Young )NP , (NP (NP a `` *UNK- '' )NP (PP at (NP the *UNKC well )NP )PP )NP , )NP (VP has (VP worked (NP (NP (QP all but about nine )QP days )NP (PP of (NP this year )NP )PP )NP )VP )VP . )S  STOP
(S (S (S (NP Last year )NP , `` (NP I )NP (VP was (ADVP off )ADVP (NP a straight month )NP )VP )S , then (S (NP one time )NP (PP for (NP (QP two to three )QP weeks )NP )PP )S and (S (NP another )NP (NP (QP two to three )QP weeks )NP )S )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP sells (NP *UNK- equipment )NP (PP for (NP Davis *UNKC Co. )NP )PP )VP )S )SBAR , )NP (VP is (ADVP also )ADVP (ADJP busy )ADJP )VP . )S  STOP
(S (S (NP (NP A native )NP (PP of (NP the area )NP )PP )NP )S , (NP he )NP (VP is (ADVP back )ADVP (ADVP now )ADVP (PP after (S (VP (VP riding (NP the *UNK- boom )NP (PP to (NP the top )NP )PP )VP , (VP (ADVP then )ADVP *UNKING (NP the *UNK )NP (S (VP running (NP an Oklahoma City *UNK store )NP )VP )S )VP )VP )S )PP )VP . )S  STOP
(S (S `` (NP (NP First year )NP (SBAR (S (NP I )NP (VP came (ADVP back )ADVP )VP )S )SBAR )NP (NP there )NP (VP was n't (NP any work )NP )VP , '' )S (NP he )NP (VP says )VP . )S  STOP
(S `` (NP I )NP (VP think (SBAR (S (NP it )NP (VP 's (PP on (NP (NP the way )NP (ADVP back )ADVP )NP )PP (ADVP now )ADVP )VP )S )SBAR )VP . )S  STOP
(S But (NP it )NP (VP wo n't (VP be (NP a boom )NP (ADVP again )ADVP )VP )VP . )S  STOP
(S (FRAG (NP (NP No major *UNK )NP , (NP no major *UNK )NP , )NP )FRAG '' (NP he )NP (VP predicts )VP . )S  STOP
(S (NP Business )NP (VP has (VP been (ADJP good enough (SBAR that (S (NP he )NP (ADVP just )ADVP (VP (VP took (NP (NP a *UNK- weekend trip )NP (PP to (NP (NP the mountain area )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP )VP , (NP (NP something )NP (SBAR `` (S (NP I )NP (VP have n't (VP done (PP in (NP years )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )ADJP )VP )VP . '' )S  STOP
(S (NP The figures )NP (VP confirm (SBAR that (S (NP there )NP (ADVP certainly )ADVP (VP is n't (NP any drilling boom )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (QP Only *UNKN )QP wells )NP , (PP including (NP *UNKN dry *UNK )NP )PP , )NP (VP were (VP *UNKED (PP for (NP (NP oil )NP and (NP natural gas )NP )NP )PP (PP in (NP the U.S. )NP )PP (PP in (NP (NP the first nine months )NP (PP of (NP the year )NP )PP )NP )PP , (ADVP down (NP *UNKN % )NP (PP from (NP the like 1988 period )NP )PP )ADVP )VP )VP . )S  STOP
(S But (NP that )NP (VP was (PRT off )PRT (ADJP (ADJP less )ADJP (PP than (PP at (NP (NP *UNK )NP , (SBAR (WHADVP when )WHADVP (S (NP *UNK )NP (VP lagged (PP by (NP *UNKN % )NP )PP )VP )S )SBAR )NP )PP )PP )ADJP )VP . )S  STOP
(S And (NP (NP the number )NP (PP of (NP (NP *UNK )NP (ADJP active (PP in (NP the U.S. )NP )PP )ADJP )NP )PP )NP (VP is (VP *UNKING (ADVP up )ADVP )VP )VP . )S  STOP
(S (PP According (PP to (NP Baker Hughes Inc. )NP )PP )PP , (NP *UNKN *UNK *UNK )NP (VP were (PP at (NP work )NP )PP (PP in (NP the U.S. )NP )PP (NP last week )NP , (ADVP up (PP from (NP the year-ago count )NP (PP of (NP *UNKN )NP )PP )PP )ADVP )VP . )S  STOP
(S -LRB- (PP In (NP 1981 )NP )PP , (PP before (NP the *UNK )NP )PP , (NP the *UNK count )NP (VP was (PP above (NP 4,000 )NP )PP )VP . -RRB- )S  STOP
(S (NP *UNKC *UNK- use )NP (VP shows (NP a similar upward trend )NP )VP . )S  STOP
(S (NP (NP Some equipment )NP (VP going (PP to (VP work )VP )PP )VP )NP (VP is (ADJP almost new )ADJP )VP . )S  STOP
(S (NP Grace Energy )NP (ADVP (NP just two weeks )NP ago )ADVP (VP *UNKED (NP a *UNK )NP (NP here )NP (PP (NP 500 miles )NP from (NP (NP *UNKC )NP , (NP *UNKC )NP , )NP )PP (S (VP to (VP drill (NP (NP the *UNKC well )NP , (NP a *UNK- , (ADJP $ *UNK- )ADJP natural gas well )NP )NP )VP )VP )S )VP . )S  STOP
(S (NP The *UNK )NP (VP (VP was (VP built (PP around (NP 1980 )NP )PP )VP )VP , but (VP has (VP *UNKED (NP (NP (QP only two )QP wells )NP , (NP (NP the last )NP (PP in (NP 1982 )NP )PP )NP )NP )VP )VP )VP . )S  STOP
(S (PP Until (NP now )NP )PP (NP it )NP (VP had (VP sat (ADJP idle )ADJP )VP )VP . )S  STOP
(S (PP For (NP (NP *UNKC *UNKING )NP , (NP (NP owner )NP and (NP (NP a *UNK )NP (PP at (NP (NP the *UNKC *UNKC *UNKC )NP , (NP (NP a *UNK building )NP (PP in (NP *UNK )NP )PP )NP )NP )PP )NP )NP )NP )PP , (NP all this )NP (VP has (VP made (PP for (NP a (ADJP very good )ADJP year )NP )PP )VP )VP . )S  STOP
(S (S (PP After (NP (NP *UNKN a.m. )NP (ADVP or so )ADVP )NP )PP `` (NP we )NP (VP have (S (NP them )NP (VP standing and waiting )VP )S )VP , '' )S (NP she )NP (VP says , (SBAR as (S (NP she )NP (VP *UNK (PRT out )PRT (NP (NP orders )NP (PP for (NP (NP *UNK )NP and (NP (NP the daily special )NP (PRN -LRB- (UCP (NP (NP *UNKED *UNK beef , *UNK and *UNK *UNK *UNK )NP (PP on (NP whole wheat )NP )PP )NP , (NP *UNK *UNK )NP , (NP *UNKED *UNK )NP and (NP *UNKING )NP , (PP plus (NP (NP coffee )NP or (NP *UNKED tea )NP )NP )PP )UCP )PRN )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(NP (NP Price )NP : (NP $ *UNKN )NP -RRB- . )NP  STOP
(S (NP (NP Mike *UNKC )NP , (NP a *UNK )NP , )NP (VP is (VP (ADVP even )ADVP making (NP it )NP (PP in (NP (NP his new career )NP (PP as (NP an entrepreneur )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP He )NP (VP (VP started (NP *UNKC *UNKC Inc. )NP (ADVP (NP a year )NP ago )ADVP (PP with (NP (NP (NP a loan )NP (PP from (NP a friend )NP )PP )NP , (VP (ADVP since )ADVP repaid )VP , )NP )PP )VP and (VP (ADVP now )ADVP employs (NP 15 )NP )VP )VP . )S  STOP
(S (NP He )NP (VP got (NP (NP three trucks )NP and (NP a *UNK )NP )NP (ADVP cheap )ADVP )VP . )S  STOP
(S (S `` (NP I )NP (VP want (S (VP to (VP add (NP one more truck )NP )VP )VP )S )VP , '' )S (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S (NP I )NP (VP sense (SBAR that (S (NP it )NP (VP 's (VP going (S (VP to (VP continue (S (VP to (VP grow )VP )VP )S )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP 's (NP the word )NP )VP . )S  STOP
(S (NP The word )NP (VP is (ADJP out )ADJP )VP . )S  STOP
(S (NP (NP *UNKC people )NP , (PP including (NP (NP a *UNK )NP (PP of (NP (NP Security Pacific National Bank 's )NP central *UNK )NP )PP )NP )PP , )NP (VP were (VP arrested (PP in (NP (NP an investigation )NP (PP of (NP an alleged drug *UNKING operation )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The U.S. Attorney 's )NP office )NP (VP filed (NP (NP a criminal complaint )NP (PP against (NP six bank employees )NP )PP )NP (S (VP charging (NP them )NP (PP with (NP (NP conspiracy )NP (PP in (NP (NP the scheme )NP , (SBAR (WHNP which )WHNP (S (ADVP apparently )ADVP (VP was (ADJP capable (PP of (S (VP handling (NP (NP millions )NP (PP of (NP dollars )NP )PP (NP a week )NP )NP (PP by (S (VP *UNKING (NP cash )NP (PP through (NP *UNK bank accounts )NP )PP )VP )S )PP )VP )S )PP )ADJP )VP )S )SBAR )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (NP Two other men )NP (ADVP also )ADVP (VP were (VP charged (PP with (S (VP participating (PP in (NP the operation )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S (NP The *UNK )NP (VP capped (NP (NP a *UNK- investigation )NP (PP by (NP (NP the Internal Revenue Service )NP , (NP (NP the U.S. Attorney 's )NP office )NP and (NP a Security Pacific internal investigation team )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Walter S. *UNKC )NP , (NP (NP executive vice president )NP and (NP general *UNK )NP (PP of (NP (NP (NP the bank 's )NP parent )NP , (NP Security Pacific Corp. )NP )NP )PP )NP , )NP (VP said (SBAR (S (NP no bank funds )NP (VP were (PP at (NP risk )NP )PP (PP during (NP the investigation )NP )PP )VP )S )SBAR )VP . )S  STOP
(SINV (VP *UNKED )VP (VP were )VP (NP (NP (NP Jose O. *UNKC )NP , (ADJP (NP 27 years )NP old )ADJP , (PP of (NP (NP *UNKC )NP , (NP Calif. )NP )NP )PP , (NP the *UNK *UNK )NP )NP ; (NP (NP Carlos O. *UNKC )NP , (NP 29 )NP , (PP of (NP La *UNKC )NP )PP )NP ; (NP (NP *UNKC A. *UNKC )NP , (NP 36 )NP , (PP of (NP Los Angeles )NP )PP )NP ; (NP (NP *UNKC *UNKC Jr. )NP , (NP 32 )NP , (PP of (NP *UNKC Park )NP )PP )NP ; (NP (NP *UNKC *UNKC )NP , (NP 37 )NP , (PP of (NP Bell Gardens )NP )PP )NP ; and (NP (NP *UNKC L. *UNKC )NP , (NP 27 )NP , (PP of (NP *UNKC Park )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP (NP *UNKC M. *UNKC )NP , (NP 27 )NP , (PP of (NP Los Angeles )NP )PP )NP , and (NP (NP *UNKC N. Madison )NP , (NP 27 )NP , (PP of (NP *UNKC )NP )PP )NP , )NP (VP were (ADVP also )ADVP (VP charged (PP with (S (VP participating (PP in (NP the conspiracy )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S (NP Each defendant )NP (VP faces (NP (NP (NP a possible sentence )NP (PP of (NP (NP 20 years )NP (PP in (NP prison )NP )PP )NP )PP )NP and (NP (NP $ 250,000 )NP (PP in (NP fines )NP )PP )NP )NP )VP . )S  STOP
(S (NP The defendants )NP (VP could n't (ADVP immediately )ADVP (VP be (VP reached (PP for (NP comment )NP )PP )VP )VP )VP . )S  STOP
(S (NP S.A. Brewing Holdings Ltd. )NP (VP began (S (VP laying (NP (NP the *UNK )NP (SBAR (S (VP to (VP launch (NP (NP a rival offer )NP (PP for (NP (NP Bond Corp . Holdings Ltd. 's )NP Australian brewing operations )NP )PP )NP )VP )VP )S )SBAR )NP )VP )S )VP . )S  STOP
(S (NP Such an offer )NP (VP could (VP *UNK (NP (NP a plan )NP (PP by (NP (NP Lion Nathan Ltd. )NP (PP of (NP New Zealand )NP )PP )NP )PP (S (VP to (VP acquire (NP half the brewing interests )NP )VP )VP )S )NP )VP )VP . )S  STOP
(S But (NP it )NP (VP would (ADVP probably )ADVP (VP increase (NP (NP the amount )NP (PP of (NP (NP cash )NP (SBAR (WHNP that )WHNP (S (NP *UNK- Bond Corp. )NP (VP would (VP earn (PP from (NP the transaction )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Australia 's )NP National Companies and Securities Commission )NP (VP said (SBAR (S (NP it )NP (VP will (VP allow (S (NP S.A. Brewing )NP (VP to (VP acquire (NP (NP an option )NP (PP on (NP (NP (QP as much as 20 )QP % )NP (PP of (NP (NP Bell Resources Ltd. )NP , (NP (NP a unit )NP (PP of (NP Bond Corp. )NP )PP (SBAR (WHNP that )WHNP (S (VP is (PP in (NP (NP the process )NP (PP of (S (VP acquiring (NP (NP Bond Corp. 's )NP brewing businesses )NP (PP for (NP (NP (QP 2.5 billion )QP Australian dollars )NP (PRN -LRB- (NP (QP US$ *UNKN billion )QP )NP -RRB- )PRN )NP )PP )VP )S )PP )NP )PP )VP )S )SBAR )NP )NP )PP )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP S.A. Brewing )NP , (SBAR (WHNP which )WHNP (S (VP is (ADJP *UNKED (PP by (NP (NP *UNKC *UNKC Ltd. )NP , (NP (NP Australia 's )NP largest *UNK )NP )NP )PP )ADJP )VP )S )SBAR , )NP (VP will (VP make (NP (NP a takeover offer )NP (PP for (NP (NP all )NP (PP of (NP Bell Resources )NP )PP )NP )PP )NP (SBAR if (S (NP it )NP (VP *UNK (NP the option )NP )VP )S )SBAR )VP )VP )S , (NP the corporate regulators )NP (VP said (PP in (NP a statement )NP )PP )VP . )S  STOP
(S (NP (NP Bond Corp. )NP , (NP (NP a brewing , property , media and resources concern )NP (VP controlled (PP by (NP financier Alan Bond )NP )PP )VP )NP , )NP (VP is (VP selling (NP (NP many )NP (PP of (NP its assets )NP )PP )NP (S (VP to (VP reduce (NP an (ADJP (QP A$ 6.9 billion )QP )ADJP debt )NP )VP )VP )S )VP )VP . )S  STOP
(S (ADJP *UNKC (PP to (SBAR (WHNP what )WHNP (S (VP might (VP be (VP expected (PP based (PP on (NP (NP the *UNK )NP (PP on (NP (NP (NP John R. *UNKC 's )NP recent Money *UNKC article )NP (PRN -LRB- `` (S (NP *UNKC )NP (VP *UNKC (NP *UNKC )NP (SBAR (WHADVP Right Where )WHADVP (S (NP It )NP (VP *UNKC )VP )S )SBAR )VP )S '' (NP Oct. 3 )NP -RRB- )PRN )NP )PP )NP )PP )PP )VP )VP )VP )S )SBAR )PP )ADJP , (NP I )NP (VP was (ADJP able (S (VP to (VP (VP stand (ADVP *UNKLY )ADVP (PP before (NP my *UNK finance students )NP )PP )VP and (VP *UNK (SBAR that (S (NP (NP the findings )NP (PP of (NP (NP your *UNK experiment )NP (PP on (NP stock picking )NP )PP )NP )PP )NP (VP is (ADJP completely consistent (PP with (SBAR (WHNP what )WHNP (S (NP they )NP (VP have (VP been (VP *UNK (PP in (NP the *UNK )NP )PP )VP )VP )VP )S )SBAR )PP )ADJP )VP )S )SBAR )VP )VP )VP )S )ADJP )VP . )S  STOP
(S (PP In (ADJP particular )ADJP )PP , (NP I )NP (VP do not (VP find (S (NP the fact (SBAR that (S (NP (NP (NP (NP your group )NP (PP of (NP *UNK ' )NP )PP )NP monthly *UNK )NP (PP of (NP four stocks )NP )PP )NP (VP *UNK (NP the market )NP (PP in (ADJP general )ADJP )PP )VP )S )SBAR )NP (VP to (VP be (ADJP *UNK (PP with (NP market efficiency )NP )PP )ADJP )VP )VP )S )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP states (SBAR that (S (NP (NP an investor )NP (SBAR (WHNP who )WHNP (S (VP (VP (VP invested (NP $ 100,000 )NP (ADVP (NP a year )NP ago )ADVP (PP in (NP (NP the first four stocks )NP (VP selected (PP by (NP your *UNK )NP )PP )VP )NP )PP )VP and (VP (ADVP then )ADVP sold (NP those )NP (ADVP (NP one month )NP later )ADVP , (S (VP purchasing (NP the four new pro picks )NP )VP )S )VP )VP , and (VP repeated (NP this process )NP (PP for (NP the year )NP )PP )VP )VP )S )SBAR )NP (VP would (VP have (VP *UNKED (NP (NP $ *UNKN )NP , (PP excluding (NP (NP account dividends )NP , (NP taxes )NP and (NP commissions )NP )NP )PP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP contrast )NP )PP , (NP (NP an investor )NP (VP holding (NP the Dow Jones portfolio )NP (PP over (NP the year )NP )PP )VP )NP (VP would (VP have (VP *UNKED (NP (QP only $ *UNKN )QP )NP )VP )VP )VP . )S  STOP
(S (NP (NP *UNKED theories )NP (PP of (NP asset pricing )NP )PP )NP (VP offer (NP a (ADVP perfectly legitimate )ADVP explanation )NP )VP . )S  STOP
(S (NP *UNKED theories )NP (VP state (SBAR that (S (NP investors )NP (VP require (NP higher returns )NP (PP on (NP *UNK investments )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Thus )ADVP , (PP rather than (S (VP seeing (NP (NP the excess returns )NP (PP to (NP the *UNKED portfolio )NP )PP )NP (PP as (S (VP being (ADJP *UNK )ADJP )VP )S )PP )VP )S )PP , (NP I )NP (VP see (NP those returns )NP (PP as (NP (NP simply *UNK )NP (PP for (S (VP taking (PRT on )PRT (NP added risk )NP )VP )S )PP )NP )PP )VP . )S  STOP
(S (NP I )NP (VP believe (SBAR (S (NP (NP the risk )NP (PP for (NP (NP each individual stock )NP (VP selected (PP by (NP your pros )NP )PP )VP )NP )PP )NP (VP is (ADJP very large )ADJP )VP )S )SBAR )VP . )S  STOP
(S (SBAR If (S (NP you )NP (VP asked (NP me )NP (S (VP to (VP select (NP (NP a stock )NP (PP with (NP the highest expected return )NP )PP )NP )VP )VP )S )VP )S )SBAR , (NP I )NP (VP would (VP select (NP (NP a stock )NP (PP with (NP (NP the greatest amount )NP (PP of (NP *UNK risk )NP )PP )NP )PP )NP , (SBAR as (S (NP I )NP (VP am (ADJP sure (SBAR (S (NP your pros )NP (VP do )VP )S )SBAR )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Your *UNK investor )NP (VP is (ADVP simply )ADVP (VP being (VP *UNKED (PP for (S (VP taking (PRT on )PRT (NP this added risk )NP )VP )S )PP )VP )VP )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP your *UNK investor )NP (VP has (VP *UNK (NP (NP the gains )NP (SBAR (S (VP to (VP be (VP had (PP in (S (VP reducing (NP risk )NP (PP by (S (VP *UNKING (NP his portfolio )NP )VP )S )PP )VP )S )PP )VP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP A *UNK- portfolio )NP (VP is (ADVP still )ADVP (VP exposed (PP to (NP (NP a great deal )NP (PP of (NP unnecessary risk )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP This )NP (VP means (SBAR (S (NP the returns )NP (VP can (VP vary (NP a great deal )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP provides (NP (NP *UNKING evidence )NP (PP of (NP this phenomenon )NP )PP )NP (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP reports (SBAR that (S (NP (NP your staff )NP (PP of (NP *UNK *UNK )NP )PP )NP (VP would (VP have (VP *UNKED (NP (QP only $ *UNKN )QP )NP (PP by (S (VP (ADVP *UNKLY )ADVP *UNKING (NP (NP four new stocks )NP (SBAR (S (VP to (VP be (VP held (PP in (NP a portfolio )NP )PP )VP )VP )VP )S )SBAR )NP (NP each month )NP )VP )S )PP )VP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Scott E. *UNKC )NP (NP Texas *UNKC University )NP (NP (NP *UNKC )NP , (NP Texas )NP )NP )NP (NP Your Investment *UNKC article )NP (VP *UNK (NP the target )NP )VP . )S  STOP
(S (NP The fact (SBAR that (S (NP stock *UNK )NP (VP have (VP *UNKED (NP a (ADJP *UNKLY selected )ADJP portfolio )NP (PP in (NP (QP eight of 12 )QP months )NP )PP )VP )VP )S )SBAR )NP (VP has (NP (NP no *UNKING )NP (PP on (NP the *UNK- theory )NP )PP )NP )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (VP matters )VP )S )SBAR (VP is (SBAR that (S (NP (NP the stocks )NP (VP recommended (PP by (NP your pros )NP )PP )VP )NP (VP tend (S (VP to (VP be (ADJP (ADJP substantially *UNK )ADJP (PP than (NP a diversified portfolio )NP )PP )ADJP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP example )NP )PP , (NP (NP (NP your *UNK ' )NP recommendations )NP (PP for (NP the coming month )NP )PP )NP (VP are , (PP on (NP average )NP )PP , (ADJP (ADJP (NP *UNKN % )NP *UNK )ADJP (PP than (S (VP holding (NP the market portfolio )NP )VP )S )PP )ADJP (PP according (PP to (NP (NP Value Line 's )NP *UNKC estimates )NP )PP )PP )VP . )S  STOP
(S (S (NP (NP (NP (NP James Morgan 's )NP pick )NP (PP for (NP October )NP )PP )NP (PRN -- (NP *UNKC )NP -- )PRN )NP (VP is (ADJP (ADJP (NP a substantial 35 % )NP riskier )ADJP (PP than (NP the market portfolio )NP )PP )ADJP )VP )S ; (S (NP his *UNKED *UNKC *UNKC pick )NP (VP is (ADJP (NP 40 % )NP riskier )ADJP )VP )S . )S  STOP
(NP *UNKC C. *UNKC )NP  STOP
(S (NP (NP Peter W. *UNKC )NP , (NP (NP president )NP (PP of (NP (NP *UNKC University )NP , (NP (NP Bethlehem )NP , (NP Pa. )NP )NP )NP )PP )NP , )NP (VP was (VP elected (S (NP (NP a director )NP (PP of (NP (NP this maker )NP (PP of (NP industrial *UNK- parts and systems )NP )PP )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP His appointment )NP (VP *UNK (NP the board )NP (PP to (NP 13 members )NP )PP )VP . )S  STOP
(S (NP California *UNKC )NP (VP *UNKC (S (NP *UNKC *UNKC )NP (ADJP *UNKC )ADJP )S )VP )S  STOP
(S (S (VP *UNKC (NP A *UNKC agent )NP )VP )S (VP used (S (VP to (VP be (ADJP pretty *UNK )ADJP )VP )VP )S )VP . )S  STOP
(S (ADVP Now )ADVP (NP it )NP (VP 's (VP getting (ADJP *UNK dangerous )ADJP )VP )VP . )S  STOP
(S (PP In (NP recent months )NP )PP , (NP (QP more than 25 )QP agencies )NP (VP have (VP been (VP *UNKED , (PP compared (PP with (NP (NP only a handful )NP (NP all last year )NP )NP )PP )PP , (PP according (PP to (NP police and *UNK- groups )NP )PP )PP )VP )VP )VP . )S  STOP
(S (NP (NP Most )NP (PP of (NP the cases )NP )PP )NP (VP have (VP been (PP in (NP (NP California )NP , (SBAR (WHADVP where )WHADVP (S (S (NP one agent )NP (VP was (VP *UNKED )VP )VP )S and (S (NP another )NP (VP was (VP shot and killed )VP )VP )S )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP Los Angeles police )NP (VP say (SBAR (S (NP the *UNK )NP (VP seem (S (VP to (VP be (NP (NP part )NP (PP of (NP (NP a crime network )NP (SBAR (WHNP that )WHNP (S (VP knows (SBAR (WHADVP how )WHADVP (S (VP to (VP convert (NP *UNK tickets )NP (PP into (NP real ones )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (ADVP Already )ADVP , (NP the stolen tickets )NP (VP have (VP been (VP used (PP for (NP (NP flights )NP (PP (ADVP all )ADVP over (NP the world )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (ADVP So far )ADVP , (NP the *UNK )NP (VP have (VP stolen (NP *UNKN *UNK tickets )NP , (PP according (PP to (NP (NP *UNKC *UNKING Corp. )NP , (NP a ticket processing center )NP )NP )PP )PP )VP )VP . )S  STOP
(S (NP Police )NP (VP say (SBAR (S (NP the *UNK )NP (VP are (ADVP usually )ADVP (VP pulled (PRT off )PRT (PP by (NP (NP (QP two to five )QP men )NP , (SBAR (WHNP who )WHNP (S (VP walk (PP into (NP the agencies )NP )PP (PP near (NP (NP (ADJP closing or lunch )ADJP time )NP , (SBAR (WHADVP when )WHADVP (S (NP few employees )NP (VP are (ADVP there )ADVP )VP )S )SBAR )NP )PP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP They )NP (VP looked (PP like (NP ordinary *UNK )NP )PP (PP at first )PP )VP )S , '' (VP says )VP (NP (NP *UNKLY *UNKC )NP , (NP (NP owner )NP (PP of (NP (NP *UNKC Air Service )NP (PP in (NP (NP *UNKC *UNKC )NP , (NP Calif. )NP )NP )PP )NP )PP )NP )NP , (S (VP *UNKING (NP (NP five men )NP (SBAR (WHNP who )WHNP (S (VP entered (NP his agency )NP (NP last June )NP )VP )S )SBAR )NP )VP )S . )SINV  STOP
(S But (ADVP then )ADVP (PRN , (S (NP he )NP (VP says )VP )S , )PRN (NP they )NP (VP (VP put (NP two *UNKED *UNK )NP (PP to (NP his *UNK )NP )PP )VP and (VP demanded (SBAR (S (NP he )NP (VP open (NP the safe )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP he )NP (ADVP initially )ADVP (VP refused )VP )S )SBAR (PRN , (S (NP he )NP (VP says )VP )S , )PRN (NP they )NP (VP (VP *UNKED (NP him )NP (PP in (NP the back )NP )PP )VP and (VP made (PRT off )PRT (PP with (NP (NP $ 2,000 )NP and (NP *UNKN *UNK tickets )NP )NP )PP )VP )VP . )S  STOP
(S `` (S (NP They )NP (VP said (SBAR (S (NP they )NP (VP wanted (S (VP to (VP show (NP me )NP (SBAR (WHADJP (WHADVP how )WHADVP serious )WHADJP (S (NP they )NP (VP were )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (SBAR As (S (NP (NP word )NP (PP of (NP the crime *UNK )NP )PP )NP (VP has (VP spread )VP )VP )S )SBAR , (NP many agents )NP (VP have (VP started (S (VP changing (NP their *UNK- policies )NP )VP )S )VP )VP . )S  STOP
(S (PP At (NP (NP El *UNKC Travel Center )NP (PP in (NP (NP El *UNKC )NP , (NP Calif. )NP )NP )PP )NP )PP , (NP customers )NP (ADVP now )ADVP (VP can (VP get (ADVP in )ADVP (PP only through (NP a *UNK and lock system )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP (NP It )NP )NP (VP 's (ADJP hard )ADJP (S (VP to (VP deal (PP with (NP clients )NP )PP (NP this way )NP (PP in (NP a service business )NP )PP )VP )VP )S )VP )S , '' (VP says )VP (NP (NP Ralph `` *UNKC '' Conner )NP , (NP (NP owner )NP (PP of (NP (NP the agency )NP , (SBAR (WHNP which )WHNP (S (VP was (VP *UNKED (PP of (NP (NP 180 blank tickets )NP and (NP $ *UNKN )NP )NP )PP (NP last month )NP )VP )VP )S )SBAR )NP )PP )NP )NP . )SINV  STOP
(S `` But (NP we )NP (VP 're (ADJP just too nervous )ADJP )VP . '' )S  STOP
(S (NP The *UNK )NP (ADVP also )ADVP (VP have (VP set (PRT off )PRT (NP (NP a controversy )NP (VP involving (NP the airlines )NP )VP )NP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP say (SBAR (S (NP (NP airlines )NP , (SBAR (WHNP which )WHNP (S (VP track (NP (NP ticket numbers )NP (PP of (NP all stolen tickets )NP )PP )NP )VP )S )SBAR , )NP (VP should (VP be (VP doing (NP more )NP (S (VP to (VP catch (NP the *UNK )NP (PP by (S (VP *UNKING (NP the tickets )NP (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP 're (VP used )VP )VP )S )SBAR )VP )S )PP )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(SINV (S `` (NP They )NP (VP have (NP (NP the (ADJP most sophisticated )ADJP computers )NP (PP in (NP the world )NP )PP )NP )VP , '' )S (VP says )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S `` (NP They )NP (VP ought (S (VP to (VP be (ADJP able (S (VP to (VP do (NP this )NP )VP )VP )S )ADJP )VP )VP )S )VP . '' )S  STOP
(S But (NP airlines )NP (VP say (SBAR (S (NP it )NP (VP would (VP (VP be (ADJP too expensive )ADJP )VP and (VP cause (NP (ADJP too many )ADJP delays )NP )VP (SBAR if (S (NP they )NP (VP started (S (VP using (NP *UNKED *UNK )NP (S (VP to (VP check (NP tickets )NP (PP at (NP the *UNK )NP )PP )VP )VP )S )VP )S )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP *UNKC (NP *UNKC Car *UNKC Insurance )NP )VP )S  STOP
(S (NP *UNKC advocates )NP (VP have (ADVP long )ADVP (VP claimed (SBAR that (S (NP car *UNK companies )NP (VP charge (NP too much )NP (PP for (NP car rental insurance )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP Now )ADVP , (NP (NP a new law )NP (PP in (NP Texas )NP )PP )NP (VP seems (S (VP to (VP be (VP providing (NP the proof )NP )VP )VP )VP )S )VP . )S  STOP
(S (NP (NP The law )NP (PRN -- (NP (NP the first )NP (PP of (NP its kind )NP )PP )NP -- )PRN )NP (VP requires (S (NP (NP car rental companies )NP (PP in (NP Texas )NP )PP )NP (VP to (VP charge (NP only `` reasonable '' rates )NP (PP for (NP *UNK- *UNK insurance )NP )PP )VP )VP )S )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP the law )NP (VP says (SBAR (S (NP the rates )NP (VP must (VP (ADVP closely )ADVP reflect (SBAR (WHNP what )WHNP (S (NP (NP the company 's )NP actual expenses )NP (VP have (VP been (S (VP to (VP replace (NP damaged cars )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Before (S (NP the law )NP (VP went (PP into (NP effect )NP )PP (NP last month )NP )VP )S )SBAR , (NP car rental companies )NP (VP were (VP charging (NP (NP (QP as much as $ 12 )QP )NP (NP a day )NP )NP (PP for (NP the *UNK )NP )PP (PP in (NP Texas )NP )PP )VP )VP . )S  STOP
(S (ADVP Now )ADVP , (NP they )NP (VP 're (VP charging (NP (NP (QP as little $ 3 )QP )NP (NP a day )NP )NP )VP )VP . )S  STOP
(SINV (S `` (SBAR If (S (NP they )NP (VP 're (VP telling (NP the truth )NP (ADVP now )ADVP )VP )VP )S )SBAR , (ADVP then )ADVP (NP they )NP (VP 've (VP been (VP charging (NP (NP (NP 300 % )NP more )NP (PP than (SBAR (WHNP what )WHNP (S (VP is (ADJP reasonable )ADJP )VP )S )SBAR )PP )NP )VP )VP )VP , '' )S (VP says )VP (NP (NP Steve *UNKC )NP , (NP (NP an assistant state attorney general )NP (PP in (NP Texas )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP A spokesman )NP (PP for (NP *UNKC Corp. )NP )PP )NP (VP acknowledges , (S `` (NP The waiver )NP (VP is n't (NP (NP (NP a source )NP (PP of (NP (NP protection )NP (PP for (NP consumers )NP )PP )NP )PP )NP , but (NP (NP a source )NP (PP of (NP revenue )NP )PP )NP )NP )VP )S )VP . '' )S  STOP
(S But (NP *UNKC )NP (VP points (PRT out )PRT (SBAR that (S (PP at (NP least )NP )PP (NP it )NP (VP 's (ADVP now )ADVP (VP charging (NP (NP (QP only $ *UNKN )QP )NP (NP a day )NP )NP (PP in (NP Texas )NP )PP , (SBAR while (S (NP some competitors )NP (VP are (VP charging (NP $ *UNKN )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The state attorney general 's )NP office )NP (VP is (VP investigating (NP (NP rental car agencies )NP (VP charging (NP (ADJP *UNKLY higher )ADJP prices )NP )VP )NP )VP )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP *UNKC (SBAR Before (S (NP *UNKC )NP (ADVP Even )ADVP (VP Land )VP )S )SBAR )VP )S  STOP
(S (SBAR *UNK (S (NP *UNKC *UNKC *UNK )NP (VP seems (ADJP (NP a little )NP *UNK )ADJP )VP )S )SBAR , (NP it )NP (VP may (VP be (SBAR because (S (NP he or she )NP (VP has (VP been (VP working (NP 20 straight hours )NP )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP A recent study )NP (PP for (NP the Federal Aviation Administration )NP )PP )NP (VP found (SBAR that (S (NP major airlines )NP (ADVP sometimes )ADVP (VP make (S (NP flight attendants )NP (VP work (NP (NP 16 hours )NP or (NP more )NP )NP (ADVP straight )ADVP -- (PP despite (NP (NP union contracts )NP (PP at (NP some airlines )NP )PP (VP *UNKING (NP duty time )NP (PP to (NP 14 hours )NP )PP )VP )NP )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Some flight attendants )NP (PP on (NP charter planes )NP )PP )NP (VP are (VP putting (PRT in )PRT (NP *UNK- work days )NP )VP )VP )S , (NP the study )NP (VP found )VP . )S  STOP
(S (S (NP This )NP (VP happens (SBAR because (S (NP the *UNKC )NP (VP does n't (VP have (NP (NP any rules )NP (PP on (NP (NP duty time )NP (PP for (NP flight attendants )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP )S ; (S (PP by (NP contrast )NP )PP , (NP it )NP (VP (ADVP *UNKLY )ADVP *UNK (NP (NP duty time )NP (PP for (NP (NP pilots )NP and (NP air traffic *UNK )NP )NP )PP )NP , (PP usually to (NP (NP a maximum )NP (PP of (NP 10 consecutive hours )NP )PP )NP )PP )VP )S . )S  STOP
(S `` (ADVP As far (SBAR as (S (NP the FAA )NP (VP is (VP concerned )VP )VP )S )SBAR )ADVP , '' (PRN (SINV (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP air safety director )NP (PP at (NP (NP the Association )NP (PP of (NP *UNKC *UNKC )NP )PP )NP )PP )NP )NP )SINV )PRN , `` (NP flight attendants )NP (VP can (VP work (NP (NP an *UNKED number )NP (PP of (NP hours )NP )PP )NP )VP )VP . '' )S  STOP
(S (NP *UNKC )NP (VP say (SBAR (S (NP (NP such long hours )NP (PP for (NP attendants )NP )PP )NP (VP *UNK (NP a safety risk )NP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP instance )NP )PP , (NP *UNKED flight attendants )NP (VP might not (VP *UNK (ADVP quickly enough )ADVP (PP during (NP an emergency *UNK )NP )PP )VP )VP . )S  STOP
(SINV (S `` (PP At (NP (NP the end )NP (PP of (NP their day )NP )PP )NP )PP , (NP they )NP (VP are (NP *UNK )NP )VP , '' )S (VP says )VP (NP (NP John *UNKC )NP , (NP (NP president )NP (PP of (NP (NP the Aviation Safety Institute )NP , (NP (NP a *UNK- group )NP (PP in (NP (NP *UNKC )NP , (NP Ohio )NP )NP )PP )NP )NP )PP )NP )NP . )SINV  STOP
(S `` (S (NP They )NP (VP have (S (VP to (VP work (NP such long hours )NP )VP )VP )S )VP )S and (ADVP then )ADVP (S (NP we )NP (VP expect (S (NP them )NP (VP to (VP be (NP *UNK )NP (SBAR if (S (NP there )NP (VP 's (NP an *UNK )NP )VP )S )SBAR )VP )VP )S )VP )S . '' )S  STOP
(S (PP In (NP (NP response )NP (PP to (NP the study )NP )PP )NP )PP , (NP the FAA )NP (VP says (SBAR (S (NP it )NP (VP is (VP considering (S (VP changing (NP (NP its policy )NP (PRN -- or (NP (NP lack )NP (PP of (NP it )NP )PP )NP -- )PRN (PP on (NP flight attendants )NP )PP )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The agency )NP (VP may not (VP have (NP much choice )NP )VP )VP )S : (S (NP (NP A congressional bill )NP )NP (VP has (VP been (VP introduced (SBAR (WHNP that )WHNP (S (VP would (VP force (S (NP the agency )NP (VP to (VP limit (NP flight *UNK duty time )NP (PP to (NP (NP (NP 14 hours )NP (PP on (NP U.S. flights )NP )PP )NP and (NP (NP 16 hours )NP (PP on (NP international trips )NP )PP )NP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )VP )VP )S . )S  STOP
(NP *UNKC and *UNKC )NP  STOP
(S (NP *UNKC )NP (VP *UNKC (VP *UNKC (NP (NP the latest *UNK )NP (PP for (NP (NP *UNK )NP (VP stuck (PP at (NP some *UNK )NP )PP )VP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP *UNKED golf games )NP , (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP players )NP (VP hit (NP golf *UNK )NP (PP into (NP *UNK )NP )PP )VP )S )SBAR , )NP (VP have (VP been (VP installed (PP at (NP (NP *UNK )NP (PP in (NP Denver and Pittsburgh )NP )PP )NP )PP )VP )VP )VP ... . )S  STOP
(S (NP (NP The average cost )NP (PP for (NP breakfast )NP )PP (PP at (NP (NP a `` decent '' hotel restaurant )NP (PP in (NP New York )NP )PP )NP )PP )NP (VP is (NP $ *UNKN )NP , (PP according (PP to (NP Corporate Travel magazine )NP )PP )PP )VP . )S  STOP
(S (NP (NP The *UNK )NP , (PP among (NP (NP 100 cities )NP (VP surveyed )VP )NP )PP , )NP (VP was (NP $ *UNKN )NP (PP in (NP (NP El *UNKC )NP , (NP Texas )NP )NP )PP )VP . )S  STOP
(S (NP Mark *UNK *UNKC )NP (VP was (VP named (S (NP (NP executive vice president )NP and (NP chief financial officer )NP )NP )S )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (ADJP (NP 39 years )NP old )ADJP , )NP (ADVP formerly )ADVP (VP was (NP (NP (NP *UNK )NP and (NP chief accounting officer )NP )NP (PP at (NP *UNKC Communications Inc )NP )PP )NP )VP . )S  STOP
(S (NP Management Co. )NP (VP (VP manages (NP *UNK )NP )VP and (VP produces , markets and finances (NP entertainment )NP )VP )VP . )S  STOP
(SBARQ (WHADVP Why )WHADVP (SQ do (NP you )NP (ADVP *UNKLY )ADVP (VP ignore (NP (NP the *UNK effects )NP (PP of (S (VP indexing (NP (NP the basis )NP (PP of (NP capital gains )NP )PP )NP (PP for (NP inflation )NP )PP )VP )S )PP )NP )VP )SQ ? )SBARQ  STOP
(SBARQ (WHADVP Why )WHADVP (SQ do (NP you )NP (VP maintain (SBAR (S (NP the *UNKED capital-gains plan )NP (VP is (NP a `` temporary '' reduction )NP )VP )S )SBAR (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP is not )VP )S )SBAR )VP )SQ ? )SBARQ  STOP
(S (NP I )NP (VP think (SBAR (S (NP the reason )NP (VP is (SBAR that (S (NP you )NP (VP are (VP confusing (NP tax `` rates '' )NP (PP with (NP tax `` payments )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP Your Sept. 29 *UNK- story )NP (PP on (NP the *UNKED capital-gains plan )NP )PP )NP (VP is (NP a good example )NP )VP . )S  STOP
(S (NP You )NP (VP lead (S (NP readers )NP (VP to (VP believe (SBAR that (S (NP the House )NP (VP reduced (NP the capital-gains tax )NP (PP for (NP two years only )NP )PP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP You )NP (ADVP virtually )ADVP (VP ignore (NP (NP the *UNKING power )NP (PP of (NP *UNK )NP )PP , (SBAR (WHNP which )WHNP (S (PP in (NP many cases )NP )PP (VP is (ADJP (ADJP more substantial )ADJP (PP than (NP a lower rate )NP )PP )ADJP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP The monetary tax benefit )NP (PP of (NP *UNK )NP )PP (PP for (NP (NP all gains )NP (PP in (NP (NP excess )NP (PP of (NP inflation )NP )PP )NP )PP )NP )PP )NP (VP can (VP be (VP measured (S (VP using (NP (NP the following *UNK )NP : (NP (NP tax rate )NP , (PP times (NP inflation rate )NP )PP , (PP times (NP (NP basis )NP (PP for (NP the gain )NP )PP )NP )PP )NP )NP )VP )S )VP )VP )VP . )S  STOP
(S (PP *UNKING (PP on (NP (NP (NP the size )NP (PP of (NP the gain )NP )PP )NP and (NP (NP the rate )NP (PP of (NP inflation )NP )PP )NP )NP )PP )PP , (NP *UNK )NP (VP can (VP mean (NP (NP a lower tax payment )NP (PP than (S (VP using (NP the (ADJP *UNKN % )ADJP rate )NP (PP without (NP *UNK )NP )PP )VP )S )PP )NP )VP )VP . )S  STOP
(S But (PP in (NP any event )NP )PP (PRN -- and (S (NP this )NP (VP is (NP the important point )NP )VP )S -- )PRN (NP (NP tax `` payments '' )NP (PP on (NP capital gains )NP )PP )NP (VP will (VP be (ADJP (ADJP lower (PP with (NP *UNK )NP )PP )ADJP (PP than (PP under (NP current law )NP )PP )PP )ADJP , (SBAR even though (S (NP the tax `` rate '' )NP (VP is (NP the same )NP (PP under (NP both systems )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (SBAR As (S (NP you )NP (VP can (VP see )VP )VP )S )SBAR , (NP (NP the capital-gains reduction plan )NP (VP adopted (PP by (NP the House )NP )PP )VP )NP (VP would not (VP be (ADJP (ADJP temporary )ADJP , but (ADJP permanent )ADJP )ADJP )VP )VP . )S  STOP
(S (NP I )NP (VP hope (SBAR that (S (NP you )NP (VP begin (S (VP talking (PP about (NP (NP (NP the plan 's )NP (ADJP (ADJP permanent )ADJP and (PRN , (PP in (NP my view )NP )PP , )PRN (ADJP most beneficial )ADJP )ADJP feature )NP -- (NP *UNK )NP )NP )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(NP (NP Rep. Robert K. *UNKC )NP (PRN -LRB- (NP (NP R. )NP , (NP Calif . )NP )NP -RRB- )PRN (NP Washington )NP )NP  STOP
(S (SBAR That (S (NP (NP the *UNK )NP (PP for (NP (NP the two-year reduction )NP (PP to (NP *UNKN % )NP )PP )NP )PP )NP (VP is (ADJP *UNK )ADJP )VP )S )SBAR (VP does not (VP mean (SBAR (S (NP it )NP (VP is not (PP in (NP the public interest )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The reduction )NP (VP (VP *UNK (NP (NP the burden )NP (PP on (NP portfolio changes )NP )PP )NP )VP and (VP *UNK (NP capital )NP (S (VP to (VP seek (NP (ADJP (ADJP more *UNK )ADJP or (ADJP more appropriate )ADJP )ADJP uses )NP )VP )VP )S )VP )VP . )S  STOP
(S But (SBAR (WHNP what )WHNP (S (VP is (ADVP really )ADVP (ADJP significant )ADJP )VP )S )SBAR (VP is (NP (NP the indexation )NP (PP of (NP capital gains )NP )PP (PP after (NP 1991 )NP )PP )NP )VP . )S  STOP
(S (S (VP To (VP argue (SBAR that (S (NP this )NP (VP is (ADJP `` not likely '' (S (VP to (VP affect (NP the economy )NP (PP in (NP positive ways )NP )PP )VP )VP )S )ADJP )VP )S )SBAR )VP )VP )S (VP is (ADJP contrary (PP both (PP to (NP (NP recent experience )NP (PP with (NP capital-gains tax cuts )NP )PP )NP )PP and (PP to (NP common sense )NP )PP )PP )ADJP )VP . )S  STOP
(S (S (NP (NP A large part )NP (PP of (NP (NP the long-term appreciation )NP (PP of (NP assets )NP )PP )NP )PP )NP (VP reflects (NP inflation )NP )VP )S , and (S (NP (NP the *UNK )NP (PP of (NP *UNKED capital gains )NP )PP )NP (VP is (NP *UNK )NP )VP )S . )S  STOP
(SQ Does (NP the Journal )NP (ADVP really )ADVP (VP believe (SBAR that (S (NP people )NP (VP ignore (NP (NP the prospect )NP (PP of (S (VP having (S (NP (NP a substantial part )NP (PP of (NP their capital )NP )PP )NP (VP *UNKED )VP )S )VP )S )PP )NP (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP decide (SBAR (SBAR whether (S (VP to (VP save )VP )VP )S )SBAR or (SBAR (WHADVP how )WHADVP (S (VP to (VP invest )VP )VP )S )SBAR )SBAR )VP )S )SBAR )VP )S )SBAR )VP ? )SQ  STOP
(S (PP Under (NP current law )NP )PP , (NP (NP it )NP )NP (VP is not (ADJP financially *UNK )ADJP (S (VP to (VP *UNK (NP consumption )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP Real , *UNK returns )NP (PP from (NP financial assets )NP )PP )NP (VP are (PP on (NP (NP the order )NP (PP of (NP (NP (QP 1 % or 2 )QP % )NP (NP a year )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP The capital-gains tax reform )NP (VP is (NP (NP a step )NP (PP toward (S (VP *UNKING (NP (NP (NP one )NP (PP of (NP (NP the *UNK structural weaknesses )NP (PP of (NP the U.S. economy )NP )PP )NP )PP )NP , (NP (NP the (ADJP closely connected )ADJP *UNK )NP (PP of (NP (NP low savings rates )NP , (NP weak capital formation )NP and (NP high capital costs )NP )NP )PP )NP )NP )VP )S )PP )NP )VP . )S  STOP
(NP (NP J. *UNKC *UNKC )NP (NP (NP Richmond )NP , (NP *UNK )NP )NP . )NP  STOP
(S (NP (NP *UNKC *UNKLY )NP , (ADJP (NP 41 years )NP old )ADJP , )NP (VP was (VP elected (S (NP (NP (NP president )NP and (NP chief operating officer )NP )NP (PP of (NP (NP this designer and marketer )NP (PP of (NP (NP graphics )NP , (NP video )NP , (NP cable )NP and (NP other *UNKED equipment )NP )NP )PP )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP He )NP (VP succeeds (NP (NP Alfred *UNKC *UNKC )NP , (NP 66 )NP , (SBAR (WHNP who )WHNP (S (VP continues (PP as (NP (NP chairman )NP and (NP chief executive officer )NP )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Mr. *UNKLY )NP (ADVP formerly )ADVP (VP was (NP (NP (NP group vice president )NP (PP of (NP (NP marketing )NP and (NP product planning )NP )NP )PP (PP for (NP *UNKC )NP )PP )NP and (NP (NP president )NP (PP of (NP the *UNK and video products division )NP )PP )NP )NP )VP . )S  STOP
(S (NP *UNKC Grace & Co. )NP (VP said (SBAR (S (NP it )NP (VP formed (NP a new *UNK- company )NP (PP by (S (VP combining (NP its *UNK- and *UNK business )NP (PP with (NP (NP Sierra Chemical Co. )NP , (NP (NP *UNKC )NP , (NP Calif )NP )NP )NP )PP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Grace )NP , (NP (NP a maker )NP (PP of (NP specialty chemicals )NP )PP (SBAR (WHNP that )WHNP (S (ADVP already )ADVP (VP owned (NP (NP (QP about 30 )QP % )NP (PP of (NP (ADJP closely held )ADJP Sierra )NP )PP )NP )VP )S )SBAR )NP , )NP (VP said (SBAR (S (NP it )NP (VP owns (NP (NP a (ADJP 49 % )ADJP stake )NP (PP in (NP the new company )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Grace )NP (VP said (SBAR (S (NP it )NP (VP did n't (VP invest (NP any additional capital )NP (PP in (NP (NP the venture )NP , (SBAR (WHNP which )WHNP (S (VP will (VP be (VP known (PP as (NP *UNKC *UNKC Products Co )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The business )NP (VP is (VP expected (S (VP to (VP have (NP (NP sales )NP (PP of (NP (QP about $ 100 million )QP )NP )PP )NP (PP in (NP 1990 )NP )PP )VP )VP )S )VP )VP )S , (NP Grace )NP (VP said )VP . )S  STOP
(S (NP (NP The new company 's )NP product lines )NP (VP will (VP be (VP aimed (PP at (NP (NP *UNK )NP , (NP *UNK )NP and (NP the lawn and garden industry )NP )NP )PP )VP )VP )VP . )S  STOP
(S (NP The Financial Accounting *UNKC Board )NP (VP said (SBAR (S (NP it )NP (VP will (ADVP soon )ADVP (VP issue (NP (NP a rule )NP (VP requiring (NP (NP disclosure )NP (PP about (NP (NP the financial risk )NP (PP of (NP certain financial instruments )NP )PP )NP )PP )NP )VP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP the chief *UNKING body )NP (PP for (NP accountants )NP )PP )NP (VP backed (PP off (NP (NP one part )NP (PP of (NP (NP its original proposal )NP (VP made (NP earlier this year )NP )VP )NP )PP (SBAR (WHNP that )WHNP (S (VP would (VP have (VP required (NP (NP a breakdown )NP (PP of (NP (NP certain *UNK- items )NP (VP related (PP to (NP *UNK- sheet instruments )NP )PP )VP )NP )PP )NP )VP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The *UNK- detail )NP (VP was (VP opposed (PP by (NP (NP many banks and thrifts )NP (SBAR (WHNP that )WHNP (S (VP felt (SBAR (S (NP (NP the cost )NP (PP of (S (VP *UNKING (NP such data )NP )VP )S )PP )NP (VP was n't (ADJP worth (NP (NP the value )NP (PP of (NP the *UNK )NP )PP )NP )ADJP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (PP Under (NP the initial proposal )NP )PP , (PP for (NP example )NP )PP , (NP banks )NP (VP would (VP have (VP been (VP required (S (VP to (VP disclose (NP (NP that portion )NP (PP of (NP (NP *UNK )NP (PP for (NP loan losses )NP )PP )NP )PP (SBAR (WHNP that )WHNP (S (VP reflects (NP (NP specific letters )NP (PP of (NP credit )NP )PP (SBAR (WHPP for (WHNP which )WHNP )WHPP (S (NP customers )NP (VP had (VP *UNKED )VP )VP )S )SBAR )NP )VP )S )SBAR )NP )VP )VP )S )VP )VP )VP )VP . )S  STOP
(S (NP The final rule )NP (VP wo n't (VP require (NP (NP (NP such a breakdown )NP (PP of (NP (NP the *UNK )NP (PP for (NP loan losses )NP )PP )NP )PP )NP , (SBAR (WHNP which )WHNP (S (VP appears (PP on (NP the balance sheet )NP )PP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP The FASB rule )NP (VP will (VP cover (NP (NP such financial instruments )NP (PP as (NP (NP interest rate *UNK )NP , (NP financial guarantees )NP , (NP *UNK interest rate contracts )NP , (NP loan contracts )NP , (NP loan commitments )NP and (NP (NP options )NP (VP written (PP on (NP (NP *UNK )NP (VP held )VP )NP )PP )VP )NP )NP )PP )NP )VP )VP . )S  STOP
(S (NP It )NP (VP will (VP require (S (NP companies )NP (VP to (VP *UNK (PRT out )PRT (PP in (NP more detail )NP )PP (NP (NP (NP collateral *UNK )NP and (NP (NP *UNK )NP (PP of (NP credit risk )NP )PP )NP )NP (PP for (NP all financial instruments )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP The rule )NP (VP will (VP require (S (NP (NP companies )NP (PP with (NP financial instruments )NP )PP (SBAR (WHNP that )WHNP (S (VP have (NP (ADJP *UNK- sheet )ADJP risks )NP )VP )S )SBAR )NP (VP to (VP disclose (NP (NP (NP data )NP (PP about (NP (NP the value and terms )NP (PP of (NP the instruments )NP )PP )NP )PP )NP , (NP (NP any accounting loss )NP (SBAR (WHNP that )WHNP (S (VP would (VP occur (SBAR if (S (NP (NP the outside party )NP (VP involved (PP in (NP the instrument )NP )PP )VP )NP (VP failed (S (VP to (VP perform )VP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )NP , and (NP (NP (NP the company 's )NP policy )NP (PP for (S (VP requiring (NP (NP collateral )NP or (NP other security )NP )NP (PP for (NP the instrument )NP )PP )VP )S )PP )NP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Scott Miller )NP , (NP an FASB project manager )NP , )NP (VP said (SBAR that (S (NP a final rule )NP (VP will (VP be (VP issued (PP before (NP year end )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP he )NP (VP noted (SBAR that (S (NP (NP the initial effective date )NP (PP of (NP the earlier proposal )NP )PP )NP (VP had (VP been (VP delayed (PP by (NP six months )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Savings Bank )NP (VP said (SBAR (S (NP a plan (S (VP to (VP sell (NP its South Carolina branch offices )NP (PP to (NP (NP First *UNKC Bank )NP , (PP of (NP (NP Columbia )NP , (NP S.C. )NP )NP )PP , )NP )PP )VP )VP )S )NP (VP fell (PRT through )PRT )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (ADVP also )ADVP (VP expects (S (VP to (VP post (NP (NP a one-time charge )NP (PP of (NP (QP $ 8.3 million )QP )NP )PP )NP , (S (VP resulting (PP in (NP (NP a net loss )NP (PP for (NP the third quarter )NP )PP )NP )PP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP The charge )NP (VP represents (NP (NP a write-down )NP (PP of (NP (NP the *UNK )NP (VP associated (PP with (NP (NP (NP *UNKC 's )NP investment )NP (PP in (NP (NP (NP the banks )NP (SBAR (S (NP it )NP (VP is (VP trying (S (VP to (VP sell )VP )VP )S )VP )VP )S )SBAR )NP and (NP its North Carolina branches )NP )NP (ADVP as well )ADVP )PP )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(S (NP The thrift )NP (VP announced (NP the plan )NP (NP Aug. 21 )NP )VP . )S  STOP
(S (S (PP Among (NP other reasons )NP )PP , (NP (NP high fees )NP (SBAR (S (NP regulators )NP (VP imposed (PP on (NP (NP certain transfers )NP (PP of (NP thrift deposits )NP )PP (PP to (NP commercial banks )NP )PP )NP )PP )VP )S )SBAR )NP (VP `` (ADVP substantially )ADVP *UNKED (NP (NP the economics )NP (PP of (NP the transaction )NP )PP )NP (PP for (NP both parties )NP )PP , '' )VP )S (NP *UNKC )NP (VP said )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP the bank )NP (VP is (VP increasing (NP its loan-loss reserves )NP (PP for (NP the third quarter )NP )PP (PP by (NP (QP $ 8.5 million )QP )NP )PP (PP before (NP taxes )NP )PP )VP )VP . )S  STOP
(S (PP In (NP the year-earlier third quarter )NP )PP , (NP *UNKC Savings )NP (VP had (NP (NP net income )NP (PP of (NP (NP (QP $ 2.8 million )QP )NP , or (NP (NP 77 cents )NP (NP a share )NP )NP )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP is (VP continuing (S (VP to (VP try (S (VP to (VP sell (NP itself )NP , (PP under (NP (NP a June agreement )NP (PP with (NP a *UNK- group )NP )PP )NP )PP )VP )VP )S )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The bank )NP (ADVP also )ADVP (VP said (SBAR (SBAR (S (NP its effort )NP (VP would (VP continue (PP past (NP (NP the Nov. 1 deadline )NP (VP set (PP in (NP that agreement )NP )PP )VP )NP )PP )VP )VP )S )SBAR and (SBAR that (S (NP (NP the litigation )NP (PP between (NP the two sides )NP )PP )NP (VP might (VP resume (PP as (NP a result )NP )PP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP (NP The thrift )NP and (NP the holders )NP )NP (VP had (VP suspended (NP their lawsuits )NP (PP as (NP (NP part )NP (PP of (NP the agreement )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Joe Frank *UNKC Jr. )NP (VP was (VP elected (S (NP (NP (NP president )NP and (NP chief executive officer )NP )NP (PP of (NP this *UNK producer )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP (NP Joe Frank *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP is (ADVP currently )ADVP (NP (NP chairman )NP , (NP chief executive )NP and (NP treasurer )NP )NP )VP )S )SBAR , )NP (VP will (VP remain (NP chairman )NP )VP )VP . )S  STOP
(S (NP (NP The current (NX (NX president )NX and (NX chief operating officer )NX )NX )NP , (NP J. *UNKC Johnson )NP , )NP (VP was (VP elected (PP to (NP (NP the new position )NP (PP of (NP (NP vice chairman )NP (PP of (NP the board )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC Inc. )NP (VP was (VP dropped (PP from (NP (NP the consumer services industry group )NP (PP of (NP the Dow Jones Equity Market index )NP )PP )NP )PP (SBAR because (S (NP the company )NP (VP split (NP itself )NP (PP in (NP a restructuring )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP It )NP (VP was (VP succeeded (PP in (NP the group )NP )PP (PP by (NP *UNKC Industries Inc )NP )PP )VP )VP . )S  STOP
(S (NP Both moves )NP (VP are (ADJP effective )ADJP (NP today )NP )VP . )S  STOP
(S (NP (NP A (ADJP potentially safer )ADJP (ADJP *UNKING *UNK )ADJP vaccine )NP (VP made (PP by (NP novel genetic engineering techniques )NP )PP )VP )NP (VP was (VP described (PP by (NP (NP a team )NP (PP of (NP (ADJP Italian , U.S. and Japanese )ADJP scientists )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The team )NP (VP reported (SBAR (S (NP they )NP (VP managed (S (VP to (VP induce (S (NP bacteria )NP (VP to (VP produce (NP (NP a *UNK- version )NP (PP of (NP (NP the *UNK )NP (VP produced (PP by (NP (NP the *UNK )NP (SBAR (WHNP that )WHNP (S (VP causes (NP *UNKING *UNK )NP )VP )S )SBAR )NP )PP )VP )NP )PP )NP )VP )VP )S )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP Laboratory tests )NP (VP showed (SBAR that (S (NP (NP *UNK- versions )NP (PP of (NP the *UNK )NP )PP )NP (VP are (ADJP capable (PP of (S (VP *UNKING (NP (NP an *UNK )NP (PP to (NP *UNKING *UNK )NP )PP )NP )VP )S )PP )ADJP )VP )S )SBAR )VP )S , (NP the researchers )NP (VP reported (PP in (NP (NP (NP this week 's )NP issue )NP (PP of (NP the journal (NX Science )NX )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The current vaccine )NP (PP for (NP (NP *UNKING *UNK )NP , or (NP *UNK )NP , )NP )PP )NP (VP is (NP (NP part )NP (PP of (NP (NP the `` *UNKC '' (PRN -LRB- (PP for (NP *UNK , *UNK , *UNK )NP )PP -RRB- )PRN shot )NP (VP given (NP most (NX (NX *UNK )NX and (NX young children )NX )NX )NP )VP )NP )PP )NP )VP . )S  STOP
(S (NP The vaccine )NP (VP is (ADJP effective (PP in (S (VP *UNKING (NP (NP a disease )NP (SBAR (WHNP that )WHNP (S (ADVP still )ADVP (VP *UNK (NP (NP (QP about 60 million )QP children )NP (NP a year )NP (ADVP world-wide )ADVP )NP , (S (VP causing (NP an estimated one million deaths )NP )VP )S )VP )S )SBAR )NP )VP )S )PP )ADJP )VP . )S  STOP
(S (NP The vaccine )NP , (ADVP however )ADVP , (VP causes (NP (NP *UNK reactions )NP (SBAR (WHNP that )WHNP (S (VP can (VP be (ADJP *UNK )ADJP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The reactions )NP (VP stem (PP from (NP the fact (SBAR that (S (NP the vaccine )NP (VP contains (NP (NP multiple copies )NP (PP of (NP (NP the whole (ADJP *UNKC *UNK )ADJP *UNK )NP , (SBAR (WHNP which )WHNP (S (VP causes (NP *UNKING cough )NP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP This *UNK )NP (VP produces (NP (NP a toxin )NP (SBAR (WHNP that )WHNP (S , (SBAR if (S (VP used (PP as (NP a vaccine )NP )PP )VP )S )SBAR , (VP can (VP induce (NP (NP *UNK )NP (PP to (NP whooping cough )NP )PP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP Unfortunately )ADVP , (NP the toxin )NP (VP is (ADVP also )ADVP (ADJP *UNK )ADJP )VP . )S  STOP
(S (NP The *UNKED scientific team )NP (VP said (SBAR (S (NP they )NP (VP had (VP succeeded (PP in (S (VP getting (S (NP bacteria )NP (VP to (VP produce (NP (NP a *UNK- version )NP (PP of (NP (NP the *UNK toxin )NP , (SBAR (WHNP which )WHNP (S (VP could (VP be (VP used (PP as (NP a safe vaccine )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The researchers )NP (VP reported (SBAR (S (NP they )NP (VP have (VP been (ADJP able (S (VP to (VP *UNK (NP (NP the five genes )NP (SBAR (WHNP that )WHNP (S (VP produced (NP the toxin )NP )VP )S )SBAR )NP (PP out (PP of (NP the *UNK *UNK )NP )PP )PP )VP )VP )S )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP turned (ADVP out )ADVP (SBAR that (S (SBAR although (S (NP (NP it )NP )NP (VP took (NP (QP all five )QP genes )NP (S (VP to (VP produce (NP the toxin )NP )VP )VP )S )VP )S )SBAR , (NP only one )NP (VP was (ADJP responsible (PP for (NP (NP the toxin 's )NP *UNK )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (ADVP *UNKLY )ADVP (PP in (NP genetic engineering )NP )PP (NP (NP (NP each )NP (PP of (NP these genes )NP )PP )NP , (PP *UNK (NP (NP the one )NP (SBAR (WHNP that )WHNP (S (VP caused (NP the *UNK )NP )VP )S )SBAR )NP )PP , )NP (VP would (VP have (VP been (VP transferred (PP to (NP (NP another *UNK )NP , (VP called (S (NP E. *UNK )NP )S )VP , (SBAR (WHNP which )WHNP (S (VP would (ADVP then )ADVP (VP produce (NP (NP a *UNK version )NP (PP of (NP the toxin )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP )VP )VP . )S  STOP
(S (S (NP The researchers )NP (VP said (SBAR (S (NP they )NP (VP did (NP this )NP )VP )S )SBAR )VP )S , but (S (NP the toxin )NP (VP did n't (VP induce (NP (NP *UNK )NP (PP to (NP whooping cough )NP )PP )NP )VP )VP )S . )S  STOP
(S (NP The scientists )NP (ADVP then )ADVP (VP (VP took (NP the five toxin genes )NP )VP and (VP triggered (NP (NP a *UNK )NP (PP in (NP (NP the one gene )NP (SBAR (WHNP that )WHNP (S (VP caused (NP *UNK )NP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (ADVP Then )ADVP , (S (VP using (NP (NP a new technique )NP (PRN -LRB- (VP called (S (NP *UNK *UNK )NP )S )VP -RRB- )PRN (PP for (S (VP *UNKING (NP genes )NP (PP into (NP cells )NP )PP )VP )S )PP )NP )VP )S , (NP they )NP (VP transferred (NP (QP all five )QP genes )NP (PP to (NP (NP bacteria )NP (ADJP closely related (PP to (NP the *UNK *UNK )NP )PP )ADJP )NP )PP )VP . )S  STOP
(S (NP These *UNK `` *UNK '' )NP (ADVP *UNKLY )ADVP (VP do n't (VP make (NP the toxin )NP )VP )VP . )S  STOP
(S But (NP the genes )NP (VP were (VP accompanied (PP by (NP (NP (NP a piece )NP (PP of (NP DNA )NP )PP )NP , (VP called (S (NP a *UNK )NP )S )VP , (SBAR (WHNP that )WHNP (S (VP turns (NP the genes )NP (PRT on )PRT )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP The new bacteria *UNK )NP (PP of (NP the genes )NP )PP )NP (VP began (S (VP producing (NP (NP pertussis toxin )NP (SBAR (WHNP which )WHNP (S , (PP because of (NP the *UNK *UNK gene )NP )PP , (VP was (ADJP (ADVP no longer )ADVP *UNK )ADJP )VP )S )SBAR )NP )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (VP showed (SBAR that (S (NP the (ADJP new , *UNK- )ADJP toxin )NP (VP is (ADJP capable (PP of (S (VP *UNKING (NP *UNK )NP )VP )S )PP )ADJP , (PP according (PP to (NP (NP the researchers )NP (PP from (NP (NP (NP the *UNKC Research Center )NP (PP in (NP (NP *UNKC )NP , (NP Italy )NP , )NP )PP )NP (NP (NP the Medical College )NP (PP of (NP (NP Wisconsin )NP (PP in (NP *UNKC )NP )PP )NP )PP )NP and (NP (NP the Japanese National Institutes )NP (PP of (NP Health )NP )PP )NP )NP )PP )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Carl E. *UNKC )NP , (NP (NP (NP president )NP and (NP chief executive officer )NP )NP (PP of (NP (NP Bank One )NP , (NP *UNKC )NP )NP )PP )NP , )NP (VP has (VP been (VP named (S (NP (NP regional president )NP , (NP (NP a new post )NP (PP at (NP the *UNKING company )NP )PP )NP )NP )S )VP )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (ADJP (NP 56 years )NP old )ADJP , )NP (VP will (VP be (ADJP responsible (PP for (NP (NP (NP the company 's )NP 10 banks )NP (PP in (NP the Eastern region )NP )PP )NP )PP )ADJP )VP )VP . )S  STOP
(S (NP (NP Dan J. *UNKC )NP , (NP 41 )NP , (NP (NP executive vice president )NP (PP of (NP (NP Bank One )NP , (NP *UNKC )NP )NP )PP )NP , )NP (VP was (VP named (S (NP (NP (NP president )NP and (NP chief executive )NP )NP (PP of (NP the *UNKC bank )NP )PP )NP )S , (S (VP succeeding (NP Mr. *UNKC )NP )VP )S )VP )VP . )S  STOP
(S (NP No one )NP (VP was (VP named (S (VP to (VP succeed (NP Mr. *UNKC )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP At (NP (NP a time )NP (SBAR (WHADVP when )WHADVP (S (NP foreign banks )NP (VP are (VP pouring (NP vast resources and personnel )NP (PP into (NP (NP West Germany 's )NP financial center )NP )PP )VP )VP )S )SBAR )NP )PP , (NP (NP the opening )NP (PP of (NP a *UNK- office )NP )PP (PP on (NP a Frankfurt side street )NP )PP )NP (VP should n't (VP attract (NP much attention )NP )VP )VP . )S  STOP
(SBAR Unless , (PP of (NP course )NP )PP , (S (NP it )NP (VP happens (S (VP to (VP be (VP run (PP by (NP the *UNKC )NP )PP )VP )VP )VP )S )VP )S . )SBAR  STOP
(S (PP After (NP (NP an *UNK- absence )NP (PP from (NP (NP the *UNK )NP (PP of (NP the family banking empire )NP )PP )NP )PP )NP )PP , (NP (NP the return )NP (PP of (NP the Rothschild group )NP )PP (PP to (NP Frankfurt )NP )PP )NP (VP was (VP *UNKED (PP by (NP (NP the *UNK )NP (PP of (NP (NP television *UNK )NP , (NP *UNK reporters )NP and (NP (NP a *UNK *UNK )NP (PP in (NP *UNKC Hall )NP )PP )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP Like (NP (NP other foreign banks )NP (VP establishing (NP a presence )NP (ADVP here )ADVP )VP )NP )PP , (NP the family )NP (VP describes (NP its move )NP (PP as (NP a calculated decision (S (VP to (VP set (PRT up )PRT (NP a financial services *UNK )NP (PP in (NP (NP Europe 's )NP largest economy )NP )PP (ADVP ahead (PP of (NP (NP the integration )NP (PP of (NP European Community markets )NP )PP (PP after (NP 1992 )NP )PP )NP )PP )ADVP )VP )VP )S )NP )PP )VP . )S  STOP
(S Yet (NP the *UNKC )NP (VP do n't (VP deny (NP (NP an emotional element )NP (PP to (NP the decision )NP )PP )NP )VP )VP . )S  STOP
(S (PP In (NP *UNKN )NP )PP , (NP *UNKC *UNKC Rothschild )NP (VP (VP founded (NP *UNKC *UNKC Rothschild & Sons )NP )VP and (VP (ADVP later )ADVP sent (NP his four *UNK )NP (PP to (NP London , Paris , *UNKC and *UNKC )NP )PP (S (VP to (VP begin (NP (NP the bank 's )NP expansion )NP (PP during (NP the early *UNK century )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP (NP The original bank )NP (PP in (NP Frankfurt )NP )PP )NP (VP closed (PP in (NP *UNKN )NP )PP (PP after (NP (NP the death )NP (PP of (NP *UNKC Carl *UNK Rothschild )NP )PP )NP )PP )VP )S , and (S (NP (NP the family 's )NP banking activities )NP (VP focused (PP on (NP London and Paris )NP )PP )VP )S . )S  STOP
(S (NP (NP *UNKC *UNKC de Rothschild )NP , (NP (NP the family 's )NP *UNK spokesman )NP , )NP (VP explains (SBAR that (S (PP by (NP (NP the end )NP (PP of (NP the *UNK century )NP )PP )NP )PP , (NP Berlin )NP (VP had (VP replaced (NP Frankfurt )NP (PP as (NP (NP Germany 's )NP financial center )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Yet )ADVP (NP (NP the chief reason )NP (PP for (NP the *UNK )NP )PP )NP (PRN , (S (NP he )NP (VP says )VP )S , )PRN (VP was (ADJP *UNKED (PP in (NP (NP a family tradition )NP (SBAR (WHNP that )WHNP (S (VP would n't (VP allow (S (NP a bank )NP (VP to (VP bear (NP the Rothschild name )NP (PP without (NP (NP a Rothschild )NP (PP in (NP its management )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )PP )ADJP )VP . )S  STOP
(S `` (S (PP At (NP the time )NP )PP (NP we )NP (VP had (NP only daughters )NP )VP )S , '' (PRN (SINV (VP explains )VP (NP the *UNK- *UNK )NP )SINV )PRN , `` so (S (NP we )NP (VP had (S (VP to (VP close (NP the bank )NP )VP )VP )S )VP )S . '' )S  STOP
(S (NP (NP Much )NP (PP of (NP (NP the family 's )NP *UNK )NP )PP )NP (VP remained )VP . )S  STOP
(S (SBAR Although (S (NP its *UNK *UNK )NP (VP was (VP destroyed (PP by (NP *UNK )NP )PP (PP during (NP World War II )NP )PP )VP )VP )S )SBAR , (NP (NP (NP the *UNKC ' )NP place )NP (PP in (NP (NP Frankfurt 's )NP history )NP )PP )NP (VP is (ADVP still )ADVP (VP *UNKED (PP by (NP (NP the city park )NP and (NP (NP a street )NP (VP *UNKING (NP the Rothschild name )NP )VP )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The family 's )NP long absence )NP (VP is (ADJP *UNK )ADJP )VP . )S  STOP
(S (NP The family )NP (VP was (PP in (NP Allied countries )NP )PP (PP during (NP both (NP World War I )NP and (NP (NP the long period )NP (PP of (NP (NP economic *UNK )NP (PP of (NP the *UNK )NP )PP )NP )PP )NP )NP )PP )VP . )S  STOP
(S (PP During (NP the Third *UNKC )NP )PP , (NP the Rothschilds )NP (VP were (NP (NP a target )NP (PP of (NP (NP *UNKC *UNK )NP (PP against (NP Jewish *UNK )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The *UNK )NP (VP *UNKED (NP the Rothschilds )NP (PP across (NP Europe )NP )PP (SBAR as (S (NP the *UNKC )NP (VP *UNKED (NP countries )NP , (S (VP *UNKING (NP (NP the family 's )NP property )NP (PP in (NP the process )NP )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP American *UNK William L. *UNKC )NP , (PP in (NP (NP his book )NP (NX `` (NP The *UNKC and *UNKC )NP (PP of (NP the Third *UNKC )NP )PP , '' )NX )NP )PP (VP wrote (PP of (SBAR (WHADVP how )WHADVP (S (PP in (NP *UNKC )NP )PP (NP he )NP (VP had (VP *UNKED (NP (NP (NP `` *UNK )NP (PP of (NP (PRN -LCB- (NP *UNKC )NP -RCB- )PRN *UNK men )NP )PP )NP (VP *UNKING (PRT off )PRT (NP (NP silver )NP , (NP *UNK )NP , (NP paintings )NP and (NP other *UNK )NP )NP (PP from (NP the Rothschild *UNK )NP )PP )VP )NP )VP )VP )S )SBAR )PP )VP . '' )S  STOP
(S (PP In (NP the immediate *UNK years )NP )PP , (NP the Rothschilds )NP (VP concentrated (PP on (S (VP *UNKING (NP their other European operations )NP )VP )S )PP , (S (VP *UNKING (NP (NP their return )NP (PP to (NP Frankfurt )NP )PP )NP )VP )S )VP . )S  STOP
(SINV (S `` (PP For (NP (NP a member )NP (PP of (NP the Rothschild family )NP )PP )NP )PP , (NP (NP the return )NP (PP to (NP Frankfurt )NP )PP )NP (VP is (NP a (ADJP very *UNK )ADJP event )NP , (SBAR although (S (NP it )NP (VP might not (VP mean (NP (NP as much )NP (PP to (NP German banking )NP )PP (SBAR as (S (NP it )NP (VP means (PP to (NP us )NP )PP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP , '' )S (VP says )VP (NP (NP *UNKC David de Rothschild )NP , (NP (NP (NP *UNKC 's )NP younger *UNK )NP and (NP (NP a partner )NP (PP in (NP (NP Rothschild & Cie . Banque )NP (PP in (NP Paris )NP )PP )NP )PP )NP )NP )NP . )SINV  STOP
(S (ADVP Indeed )ADVP , (NP the competition )NP (VP is n't (ADJP greatly concerned )ADJP )VP . )S  STOP
(S `` (S (NP (NP It )NP )NP (VP would (VP be (ADJP surprising )ADJP (SBAR if (S (NP they )NP (VP did n't (VP come (PP to (NP Frankfurt )NP )PP (PP in (NP (NP time )NP (PP for (NP 1992 )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP )S , and (S (NP they )NP (VP bring (NP an interesting tradition )NP )VP )S . )S  STOP
(SINV (S But (NP the market )NP (ADVP really )ADVP (VP is n't (VP going (S (VP to (VP be (VP stood (PP on (NP its head )NP )PP )VP )VP )VP )S )VP )VP , '' )S (VP said )VP (NP (NP a banker )NP (PP at (NP (NP one )NP (PP of (NP (NP Frankfurt 's )NP (ADJP Big Three )ADJP banks )NP )PP )NP )PP )NP . )SINV  STOP
(S (NP (NP The return )NP (PP of (NP the Rothschilds )NP )PP )NP (VP is (ADJP modest )ADJP )VP . )S  STOP
(S (NP (NP The new representative office )NP , (PP with (NP (NP (NP one manager )NP and (NP two *UNK )NP )NP (PRN -- (NP (NP none )NP (NP (NP a member )NP (PP of (NP the Rothschild family )NP )PP )NP )NP -- )PRN )NP )PP )NP (VP will (VP carry (PRT out )PRT (NP (NP no banking operations )NP (PP of (NP its own )NP )PP )NP )VP )VP . )S  STOP
(S (ADVP Instead )ADVP , (NP it )NP (VP is (S (VP to (VP (VP seek (PRT out )PRT (NP corporate financing business )NP )VP and (VP sell (NP investment products )NP (PP on (NP (NP behalf )NP (PP of (NP (NP (NP the family 's )NP *UNK banking units )NP : (NP (NP (NP *UNK *UNK Rothschild & Sons Ltd. )NP (PP in (NP London )NP )PP )NP , (NP (NP Rothschild & *UNKC )NP (PP in (NP Paris )NP )PP )NP and (NP (NP Rothschild Bank AG )NP (PP in (NP Zurich )NP )PP )NP )NP )NP )PP )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP The *UNK )NP (VP do n't (VP *UNK (NP (NP (NP the office 's )NP *UNK- manager )NP , (NP *UNKC *UNKC )NP )NP )VP )VP . )S  STOP
(S (NP He )NP (VP left (NP (NP his job )NP (PP as (NP (NP general manager )NP (PP of (NP (NP Shearson Lehman Hutton Holdings Inc. 's )NP Frankfurt office )NP )PP )NP )PP )NP (SBAR because (PRN , (S (NP he )NP (VP says )VP )S , )PRN `` (S (SBAR (WHADVP When )WHADVP (S (NP the Rothschilds )NP (VP called )VP )S )SBAR , (NP I )NP (VP could n't (VP *UNK )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Each Rothschild bank )NP (VP is (VP linked (PP by (NP (NP family ties )NP and (NP *UNK- )NP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP March )NP )PP , (NP (NP (NP *UNK *UNK Rothschild )NP (PP in (NP London )NP )PP )NP and (NP (NP Rothschild Bank )NP (PP in (NP Zurich )NP )PP )NP )NP (VP showed (NP (NP assets )NP (PP of (NP (NP (NP (QP # *UNKN billion )QP )NP (PRN -LRB- (NP (QP $ *UNKN billion )QP )NP -RRB- )PRN )NP and (NP (NP (QP *UNKN billion )QP Swiss francs )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP , (ADVP respectively )ADVP )NP )PP )NP )VP . )S  STOP
(S (NP The Paris bank )NP (VP does n't (VP publish (NP that figure )NP )VP )VP . )S  STOP
(S (PP In (NP Europe )NP )PP , (NP the Rothschilds banks )NP (VP are (VP focusing (PP on (NP mergers and acquisitions )NP )PP (SBAR as (S (NP European industry )NP (VP *UNK (ADVP ahead (PP of (NP 1992 )NP )PP )ADVP )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP Yet )ADVP (NP (NP the group 's )NP limited resources )NP (VP makes (S (NP it )NP (NP a niche player )NP )S )VP . )S  STOP
(S (S `` (ADVP Obviously )ADVP , (NP there )NP (VP are (NP (NP *UNK limitations )NP (PP on (NP (NP the assistance )NP (SBAR (S (NP we )NP (VP can (VP provide )VP )VP )S )SBAR )NP )PP )NP )VP )S (PRN , '' (SINV (VP concedes )VP (NP *UNKC David de Rothschild )NP )SINV , )PRN `` but (S (NP we )NP (VP feel (SBAR (S (NP we )NP (VP have (NP (NP some cards )NP (SBAR (S (VP to (VP play )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )S . '' )S  STOP
(SINV (PP Among (NP them )NP )PP (PRN , (S (NP he )NP (VP says )VP )S , )PRN (VP is )VP (NP (NP (NP the family 's )NP traditional ties )NP (PP to (NP (NP (NP old wealth )NP and (NP *UNK- )NP )NP (PP in (NP banking and industry )NP )PP (UCP (PP throughout (NP Europe )NP )PP and (ADVP beyond )ADVP )UCP )NP )PP )NP . )SINV  STOP
(S (NP The Rothschilds )NP (VP hope (S (VP to (VP use (NP (NP (NP a long history )NP (PP in (NP private banking )NP )PP )NP and (NP (NP an *UNK )NP (PP of (NP *UNK )NP )PP )NP )NP (S (VP to (VP attract (NP (ADJP private and institutional )ADJP investors )NP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (ADVP As (PP at (NP the Zurich bank )NP )PP )ADVP , (NP (NP the minimum investment )NP (PP for (NP individuals )NP )PP )NP (VP will (VP be (ADJP high )ADJP : (NP (NP (NP (QP about a million )QP German marks )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN , (SBAR (QP three times )QP (WHNP what )WHNP (S (NP many other (ADJP West German )ADJP investment banks )NP (VP require )VP )S )SBAR )NP )NP )VP )VP . )S  STOP
(S `` But (NP we )NP (VP do (VP make (NP exceptions )NP , '' (PRN (SINV (VP says )VP (NP a *UNKING *UNKC *UNKC de Rothschild )NP )SINV )PRN , `` (SBAR (ADVP especially )ADVP if (S (NP they )NP (VP (VP are (ADJP very young )ADJP )VP and (VP have (NP (ADJP very rich )ADJP parents )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (SBAR As (S (NP program trading )NP (VP comes (PP under (NP renewed attack )NP )PP (PP for (S (VP causing (NP stock market gyrations )NP )VP )S )PP )VP )S )SBAR , (NP (NP a few people )NP (PP on (NP Wall Street )NP )PP )NP (VP say (SBAR (S (NP it )NP (VP is (NP (NP time )NP (SBAR (S (VP to (VP consider (NP extreme measures )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The real answer )NP (PP to (S (VP *UNKING (NP (NP wild swings )NP (PP in (NP stock prices )NP )PP )NP )VP )S )PP )NP (PRN , (S (NP they )NP (VP say )VP )S , )PRN (VP might (VP be (S (VP to (VP (VP curb )VP or (ADVP even )ADVP (VP *UNK )VP (NP stock-index futures )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP A stock-index future )NP (VP is (NP a contract (S (VP to (VP buy or sell (NP (NP the market value )NP (PP of (NP (NP (NP a basket )NP (PP of (NP stocks )NP )PP )NP , (PP such as (NP (NP the Standard & Poor 's )NP 500-stock index )NP )PP )NP )PP )NP )VP )VP )S )NP )VP . )S  STOP
(S (SBAR Since (S (NP stock futures )NP (VP were (VP created (PP in (NP 1982 )NP )PP )VP )VP )S )SBAR , (S (VP trading (PP on (NP (NP the Chicago Mercantile Exchange )NP and (NP other exchanges )NP )NP )PP )VP )S (VP has (VP *UNKED (PP to (NP (NP the point )NP (SBAR (WHADVP where )WHADVP (S (S (VP trading (PP in (NP stock-index futures )NP )PP )VP )S (VP rivals (NP (NP that )NP (PP in (NP (NP the stocks )NP (NP themselves )NP )NP )PP )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP The conventional view (PRN , (SBAR as (S (VP *UNKED (PP by (NP Goldman , Sachs & Co. partner *UNKC Black )NP )PP )VP )S )SBAR , )PRN )NP (VP is (SBAR (SBAR that (S (NP (NP stocks )NP and (NP (NP `` *UNK '' )NP (PP such as (NP futures and options )NP )PP )NP )NP (VP `` form (NP a single market )NP )VP )S )SBAR , and (SBAR that (S (NP *UNK )NP (VP make (S (NP it )NP (NP a (ADJP more liquid )ADJP market )NP )S )VP )S )SBAR )SBAR )VP . '' )S  STOP
(S (S But (ADVP increasingly )ADVP , (NP people )NP (VP are (VP *UNKING (NP that view )NP )VP )VP )S , and (S (NP the critics )NP (VP include (NP (NP some )NP (PP of (NP (NP the country 's )NP (ADJP most successful )ADJP investors )NP )PP )NP )VP )S . )S  STOP
(S (NP Warren *UNKC )NP (VP has (VP been (PP on (NP record )NP )PP (PP as (S (VP opposing (NP stock-index futures )NP (PP since (NP (NP their *UNK )NP (PP in (NP 1982 )NP )PP )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S And (NP (NP *UNKC *UNKC )NP , (NP (NP another star )NP (PP in (NP the investing world )NP )PP )NP , )NP (VP says , (S `` (NP My *UNK )NP (VP says (SBAR (S (NP (NP the *UNK )NP (PP of (NP futures and *UNK )NP )PP )NP (VP (ADVP far )ADVP *UNK (NP the benefits )NP )VP )S )SBAR )VP )S )VP . '' )S  STOP
(S (PP Like (NP others )NP )PP , (NP Mr. *UNKC )NP (VP says (SBAR that (S (SBAR if (S (NP futures )NP (VP cause (S (NP investors )NP (VP to (VP lose (NP (NP confidence )NP (PP in (NP stocks )NP )PP )NP )VP )VP )S )VP )S )SBAR , (NP they )NP (VP will (VP move (ADVP away (PP from (NP stocks )NP )PP )ADVP -- (SBAR as (S (NP many )NP (VP have (ADVP already )ADVP (VP done )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S And (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP remain )VP )S )SBAR )NP , (PRN (S (NP he )NP (VP says )VP )S )PRN `` (VP will (VP (VP demand (NP a higher return )NP )VP and (VP (PP over (NP time )NP )PP raise (NP (NP the cost )NP (PP of (NP capital )NP )PP (PP to (NP companies )NP )PP )NP )VP )VP )VP . '' )S  STOP
(S (ADVP *UNKLY )ADVP , (NP (NP the critics )NP (PP of (NP stock-index futures )NP )PP )NP (VP fall (PP into (NP two *UNK )NP )PP )VP . )S  STOP
(S (S (NP One group )NP (VP says (SBAR (S (NP the futures )NP (VP contribute (PP to (NP (ADJP stock market )ADJP volatility )NP )PP )VP )S )SBAR )VP )S ; (S (NP the other )NP (VP contends (SBAR that (S (NP futures )NP (VP are (NP (NP a *UNK )NP (PP of (NP speculation )NP )PP (SBAR (WHNP that )WHNP (S (VP *UNK (PP from (NP (NP (NP the stock market 's )NP basic function )NP (PP of (S (VP raising (NP capital )NP )VP )S )PP )NP )PP )VP )S )SBAR )NP )VP )S )SBAR )VP )S . )S  STOP
(S `` (PP Before (NP futures )NP )PP (PRN , '' (SINV (VP says )VP (NP New York investor Michael *UNKC )NP )SINV , `` )PRN (NP you )NP (ADVP actually )ADVP (VP had (S (VP to (VP pay (NP attention )NP (PP to (SBAR whether (S (NP (NP the thing )NP (SBAR (S (NP you )NP (VP were (VP buying )VP )VP )S )SBAR )NP (VP had (NP any *UNK value )NP )VP )S )SBAR )PP )VP )VP )S )VP . '' )S  STOP
(S (SBAR While (S (NP it )NP (VP was (ADVP once )ADVP (VP expected (SBAR that (S (NP futures )NP (VP would (VP *UNK (NP stock prices )NP )VP )VP )S )SBAR )VP )VP )S )SBAR , (NP traders )NP (ADVP now )ADVP (VP (ADVP routinely )ADVP check (NP (NP the futures markets )NP (PP in (NP Chicago )NP )PP )NP (SBAR before (S (NP they )NP (VP buy or sell (NP stocks )NP )VP )S )SBAR )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP Chicago futures prices )NP (VP jump (ADVP (ADVP up )ADVP or (ADVP down )ADVP )ADVP )VP )S )SBAR , (NP the New York Stock Exchange )NP (VP follows )VP . )S  STOP
(S (PP On (NP Tuesday )NP )PP , (PP for (NP instance )NP )PP , (NP the Dow Jones Industrial Average )NP (VP plunged (NP 80 points )NP (PP in (NP (NP little more )NP (PP than (NP an hour )NP )PP )NP )PP )VP . )S  STOP
(S (ADVP Then )ADVP , (PP in (NP (NP the space )NP (PP of (NP a *UNK- coffee break )NP )PP )NP )PP , (NP the average )NP (VP rallied (NP (NP almost all )NP (PP of (NP the way back )NP )PP )NP )VP . )S  STOP
(S (NP (NP Paul *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP manages (NP (NP (QP more than $ 3 billion )QP )NP (PP of (NP investments )NP )PP )NP (PP at (NP *UNKC Capital Management Inc. )NP )PP )VP )S )SBAR , )NP (VP *UNK (NP futures markets )NP (PP for (S (VP leading (NP the way )NP )VP )S )PP )VP . )S  STOP
(S (S `` (NP The fundamentals )NP (VP do n't (VP change (PP in (NP an hour )NP )PP )VP )VP , '' )S (NP he )NP (VP says )VP . )S  STOP
(S `` (S (NP I )NP (VP think (SBAR (S (NP they )NP (VP should (VP close (PRT down )PRT (NP the futures exchange )NP )VP )VP )S )SBAR )VP )S and (S (ADVP then )ADVP (NP we )NP (VP could (VP get (ADVP back )ADVP (PP to (NP investing )NP )PP )VP )VP )S . '' )S  STOP
(S (NP (NP Index arbitrage )NP (PRN -- (NP (NP the *UNK- buying and selling )NP (PP of (NP stocks )NP )PP (VP offset (PP with (NP (NP opposite trades )NP (PP in (NP futures )NP )PP )NP )PP )VP )NP -- )PRN )NP (VP is (ADVP frequently )ADVP (VP blamed (PP for (S (VP adding (PP to (NP (ADJP stock market )ADJP volatility )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S (SBAR Although (S (NP index arbitrage )NP (VP is (VP said (S (VP to (VP add (NP liquidity )NP (PP to (NP markets )NP )PP )VP )VP )S )VP )VP )S )SBAR , (NP (NP John *UNKC )NP , (NP (NP managing partner )NP (PP of (NP Edward D. Jones )NP )PP )NP , )NP (VP says (SBAR (S (NP (ADJP too much )ADJP liquidity )NP (VP is n't (NP a good thing )NP )VP )S )SBAR )VP )S  STOP
(S `` (NP (NP The kind )NP (PP of (NP instant liquidity )NP )PP (SBAR (WHNP that )WHNP (S (VP is (VP *UNKED (PP by (NP index futures )NP )PP )VP )VP )S )SBAR )NP (VP is (SBAR that (S (NP you )NP (VP can (VP (VP buy (NP a portfolio )NP (PP over (NP two years )NP )PP )VP and (VP get (PRT out )PRT (PP in (NP one day )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP It )NP (VP 's (ADJP too *UNK )ADJP )VP , '' )S (NP he )NP (VP says )VP . )S  STOP
(S `` (NP It )NP (VP is n't (NP investing )NP )VP . '' )S  STOP
(S But (NP stock-index futures )NP (VP have (NP (NP plenty )NP (PP of (NP support )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP say (SBAR (S (NP futures )NP (VP (VP make (S (NP markets )NP (ADJP more efficient )ADJP )S )VP and (VP provide (NP (NP ways )NP (SBAR for (S (NP investors )NP (VP to (VP reduce (NP risks )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP note (SBAR that (S (NP stocks )NP (VP experienced (NP volatile swings )NP (PP (ADVP long )ADVP before (NP futures )NP )PP )VP )S )SBAR )VP . )S  STOP
(S And , (PRN (S (NP *UNK )NP (VP say )VP )S )PRN , (NP few people )NP (VP complain (PP about (NP futures )NP )PP (SBAR (WHADVP when )WHADVP (S (NP stock prices )NP (VP are (VP rising )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Louis *UNKC )NP , (NP (NP managing director )NP (PP in (NP (NP charge )NP (PP of (NP (NP equity options )NP and (NP futures )NP )NP )PP )NP )PP (PP at (NP Salomon Inc. )NP )PP )NP , )NP (VP says (SBAR that (S (S (VP trading (NP (NP baskets )NP (PP of (NP stocks )NP )PP )NP )VP )S (VP began (PP in (NP (NP the 1970s )NP , (NP (NP a decade )NP (PP before (NP (NP the *UNK )NP (PP of (NP futures )NP )PP )NP )PP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Futures )NP (PRN , (S (NP he )NP (VP says )VP )S , )PRN (ADVP merely )ADVP (VP cut (PRT down )PRT (PP on (NP trading costs )NP )PP )VP . )S  STOP
(S (NP He )NP (VP says (S `` (S (VP *UNKING (NP futures )NP )VP )S (VP is (PP like (S (VP *UNKING (NP the *UNK )NP )VP )S )PP )VP )S )VP . '' )S  STOP
(S (S (SBAR Since (S (NP stock-index arbitrage )NP (ADVP merely )ADVP (VP *UNK (NP (NP the gap )NP (PP between (NP (NP (NP prices )NP (PP in (NP the futures )NP )PP )NP and (NP stock markets )NP )NP )PP )NP )VP )S )SBAR , (NP it )NP (VP ca n't (VP add (PP to (NP volatility )NP )PP )VP )VP )S , (NP he )NP (VP says )VP . )S  STOP
(SINV (S (NP Futures )NP `` (VP do n't (VP need (NP *UNKING )NP )VP )VP , '' )S (VP says )VP (NP (NP Andrew *UNKC )NP , (NP (NP a spokesman )NP (PP for (NP (NP the Chicago Mercantile Exchange )NP , (SBAR (WHNP which )WHNP (S (VP trades (NP (NP the S&P 500 )NP , (NP (ADVP by far )ADVP the largest stock-index futures contract )NP )NP )VP )S )SBAR )NP )PP )NP )NP . )SINV  STOP
(S (PP Despite (NP (NP the current outcry )NP (PP over (NP stock market volatility )NP )PP )NP )PP , (NP few people )NP (VP expect (S (NP stock futures )NP (VP to (VP *UNK )VP )VP )S )VP . )S  STOP
(S (PP For (NP one thing )NP )PP , (NP the Chicago futures exchanges )NP (VP have (NP (NP political and financial clout )NP -- (PP including (NP (NP many friends )NP (PP in (NP Congress )NP )PP )NP )PP )NP )VP . )S  STOP
(S And (NP traders )NP (VP say (SBAR that (S (NP futures )NP (VP have (VP become (NP (NP an accepted part )NP (PP of (NP the financial landscape )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(SINV (S `` (S (NP All life )NP (VP is (PP about (NP change )NP )PP )VP )S -- (S either (S (NP you )NP (VP *UNK )VP )S or (S (VP die )VP )S )S , '' )S (VP says )VP (NP one Chicago futures trader )NP . )SINV  STOP
(S `` (SBAR If (S (NP futures )NP (VP are n't (VP permitted (ADVP here )ADVP )VP )VP )S )SBAR , (NP we )NP (VP 'll (VP take (NP it )NP (PP to (NP Australia or Tokyo )NP )PP )VP )VP . '' )S  STOP
(S (NP (NP Average daily volume )NP (PP in (NP S&P 500 futures )NP )PP )NP (NP last year )NP (VP was (NP *UNKN contracts )NP )VP . )S  STOP
(S (S (VP *UNKED (PP on (NP (NP (NP yesterday 's )NP closing price )NP (PP of (NP the S&P )NP )PP )NP )PP )VP )S , (NP (NP the average value )NP (PP of (NP (NP one day 's )NP trading )NP )PP )NP (VP amounts (PP to (NP (QP $ 7.6 billion )QP )NP )PP )VP . )S  STOP
(S (PP By (NP contrast )NP )PP , (NP (NP average dollar volume )NP (PP on (NP the Big Board )NP )PP )NP (NP last year )NP (VP was (NP (QP $ 5.3 billion )QP )NP )VP . )S  STOP
(S (NP Many investment managers )NP (VP say (SBAR (S (NP futures )NP (VP are (ADJP useful (PP as (NP (NP a way )NP (SBAR (S (VP to (VP hedge (NP portfolios )NP )VP )VP )S )SBAR )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (SBAR If (S (NP managers )NP (VP (VP fear (SBAR that (S (NP the overall stock market )NP (VP will (VP fall )VP )VP )S )SBAR )VP , but (VP want (S (VP to (VP continue (S (VP owning (NP stocks )NP )VP )S )VP )VP )S )VP )VP )S )SBAR , (NP they )NP (VP can (VP (VP hold (PRT on )PRT (PP to (NP specific stocks )NP )PP )VP and (VP sell (NP (NP a *UNKING amount )NP (PP of (NP futures contracts )NP )PP )NP )VP )VP )VP . )S  STOP
(S (NP (NP Average daily volume )NP (PP in (NP S&P 500 futures )NP )PP )NP (NP last year )NP (VP was (NP *UNKN contracts )NP )VP . )S  STOP
(S (S (VP *UNKED (PP on (NP (NP (NP yesterday 's )NP closing price )NP (PP of (NP the S&P )NP )PP )NP )PP )VP )S , (NP (NP the average value )NP (PP of (NP (NP one day 's )NP trading )NP )PP )NP (VP amounts (PP to (NP (QP $ 7.6 billion )QP )NP )PP )VP . )S  STOP
(S (PP By (NP contrast )NP )PP , (NP (NP average dollar volume )NP (PP on (NP the Big Board )NP )PP )NP (NP last year )NP (VP was (NP (QP $ 5.3 billion )QP )NP )VP . )S  STOP
(S (NP Many investment managers )NP (VP say (SBAR (S (NP futures )NP (VP are (ADJP useful (PP as (NP a way (SBAR (S (VP to (VP hedge (NP portfolios )NP )VP )VP )S )SBAR )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (SBAR If (S (NP managers )NP (VP (VP fear (SBAR that (S (NP the overall stock market )NP (VP will (VP fall )VP )VP )S )SBAR )VP , but (VP want (S (VP to (VP continue (S (VP owning (NP stocks )NP )VP )S )VP )VP )S )VP )VP )S )SBAR , (NP they )NP (VP can (VP (VP hold (PRT on )PRT (PP to (NP specific stocks )NP )PP )VP and (VP sell (NP (NP a *UNKING amount )NP (PP of (NP futures contracts )NP )PP )NP )VP )VP )VP . )S  STOP
(S And (SBAR although (S (NP (NP criticism )NP (PP of (NP futures )NP )PP )NP (ADVP generally )ADVP (VP comes (PP from (NP Wall Street )NP )PP )VP )S )SBAR , (NP one Chicago futures trader )NP (VP notes (SBAR that (S (NP brokerage firms )NP (VP rely (PP on (NP futures )NP )PP (PP as (NP *UNKING tools )NP )PP (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP buy and sell (NP (NP big blocks )NP (PP of (NP stocks )NP )PP )NP (PP from (NP institutions )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP One reason )NP (SBAR (S (NP futures )NP (VP are (VP said (S (VP to (VP add (NP volatility )NP )VP )VP )S )VP )VP )S )SBAR )NP (VP is (SBAR that (S -- (PP unlike (PP in (NP stocks )NP )PP )PP -- (NP people )NP (VP can (VP speculate (PP in (NP futures )NP )PP (PP with (NP little money down )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC requirements )NP (PP for (NP (NP speculators )NP (PP on (NP the Chicago Mercantile Exchange )NP )PP )NP )PP )NP (VP are (ADVP currently )ADVP (NP (QP about 7 )QP % )NP )VP . )S  STOP
(S (S `` (PP For (NP (QP $ 10 million )QP )NP )PP , (NP you )NP (VP can (VP move (NP (NP (QP $ 100 million )QP )NP (PP of (NP stocks )NP )PP )NP )VP )VP , '' )S (NP (NP a specialist )NP (PP on (NP the Big Board )NP )PP )NP (VP *UNK )VP . )S  STOP
(S `` (NP That )NP (VP gives (NP futures traders )NP (NP (ADJP (NP a lot )NP more )ADJP power )NP )VP . '' )S  STOP
(S (PP By (NP contrast )NP )PP , (NP (NP an investor )NP (PP in (NP stocks )NP )PP )NP (VP must (VP put (PRT up )PRT (NP (NP 50 % )NP (PP in (NP cash )NP )PP )NP )VP )VP . )S  STOP
(S (NP Some critics )NP (VP say (SBAR (S (NP futures )NP (VP encourage (S (NP people )NP (VP to (VP think (PP of (NP stocks )NP )PP (PP (PP as (NP a single commodity )NP )PP , (CONJP rather than )CONJP (PP as (NP (NP investments )NP (PP in (NP individual businesses )NP )PP )NP )PP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (ADVP Thus )ADVP (PRN , (S (NP they )NP (VP say )VP )S , )PRN (NP futures )NP (VP *UNK (NP (NP (NP the basic purpose )NP (PP of (NP the stock market )NP )PP )NP : (S (VP to (ADVP *UNKLY )ADVP (VP price (NP securities )NP (SBAR so that (S (NP capital and investment )NP (VP flows (SBAR (WHADVP where )WHADVP (S (NP it )NP (VP 's (VP needed (ADVP most )ADVP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP )S )NP )VP . )S  STOP
(SINV (S (NP The (ADJP S&P 500 index )ADJP futures )NP `` (VP transferred (NP (NP the identity )NP (PP of (NP 500 stocks )NP )PP )NP (PP into (NP one unit )NP )PP - (S (VP making (S (NP them )NP (NP (NP a simple commodity )NP (SBAR (S (VP to (VP trade )VP )VP )S )SBAR )NP )S )VP )S )VP , '' )S (VP says )VP (NP (NP George *UNKC )NP , (NP (NP senior vice president )NP (PP at (NP (NP A. Webster *UNKC )NP (PP in (NP Philadelphia )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (S (NP It )NP (VP took (PRT away )PRT (NP the need (S (VP to (VP know (NP (NP the bad third-quarter report )NP (PP of (NP IBM )NP )PP )NP )VP )VP )S )NP , (PP for (NP example )NP )PP )VP )S , '' (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S (PP Of (NP course )NP )PP , (NP (NP portfolio trading )NP -- (NP (NP the (ADJP increasingly common )ADJP practice )NP (PP of (S (VP buying or selling (NP (NP baskets )NP (PP of (NP actual stocks )NP )PP )NP )VP )S )PP )NP -- )NP (ADVP also )ADVP (VP *UNK (NP stocks )NP (PP as (NP *UNK commodities )NP )PP )VP . )S  STOP
(SINV (S `` (NP There )NP (VP is (NP (NP a class )NP (PP of (NP investor )NP )PP (SBAR (WHNP that )WHNP (S (VP wants (S (VP to (VP be (VP exposed '' (PP to (NP the whole market )NP )PP )VP )VP )VP )S )VP )S )SBAR )NP )VP , )S (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP assistant vice president )NP (PP at (NP *UNKC Investment Management Co )NP )PP )NP )NP . )SINV  STOP
(S (S (NP The S&P futures )NP (VP are (ADVP merely )ADVP (NP (NP a (ADJP `` cheaper and *UNK '' )ADJP way )NP (SBAR (S (VP to (VP get (NP (NP access )NP (PP to (NP (QP all 500 )QP stocks )NP )PP )NP )VP )VP )S )SBAR )NP )VP )S , (NP he )NP (VP says )VP . )S  STOP
(S (NP The Big Board )NP (NP yesterday )NP (VP began (S (VP trading (PP in (NP (NP its own (ADJP basket trading )ADJP vehicle )NP (VP representing (NP the S&P 500 stocks )NP )VP )NP )PP )VP )S )VP . )S  STOP
(S But (S (VP owning (NP index futures )NP )VP )S (VP is n't (NP (NP the same )NP (PP as (S (VP owning (NP the underlying stocks )NP )VP )S )PP )NP )VP . )S  STOP
(S (NP *UNKC )NP , (PP as (NP a group )NP )PP , (VP can (VP win )VP , (SBAR because (S (NP they )NP (VP own (NP (NP a share )NP (PP of (NP (NP corporate earnings )NP , (SBAR (WHNP which )WHNP (S (VP can (VP (VP grow )VP and (VP boost (NP stock prices )NP )VP )VP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Futures )NP , (PP on (NP the other hand )NP )PP , (VP are (NP (NP a zero sum game )NP -- (NP (NP a market )NP (PP for (S (VP making (NP (NP side *UNK )NP (PP about (NP (NP the direction )NP (PP of (NP stock prices )NP )PP )NP )PP )NP )VP )S )PP )NP )NP )VP . )S  STOP
(SINV (S `` (NP You )NP (VP do n't (VP own (NP anything )NP )VP )VP , '' )S (VP says )VP (NP (NP Stephen *UNKC )NP , (NP (NP a money manager )NP (PP for (NP (NP T. Rowe Price )NP (PP in (NP Baltimore )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP You )NP (VP 're (VP making (NP (NP a *UNK bet )NP (PP on (NP the market )NP )PP )NP )VP )VP . )S  STOP
(S (NP The European Community Commission )NP (VP challenged (NP (NP an agreement )NP (PP on (NP routes and fares )NP )PP (PP between (NP (NP France 's )NP two largest airlines )NP )PP )NP (PP on (NP antitrust grounds )NP )PP )VP . )S  STOP
(S (S (VP *UNKING (PP in (NP *UNKC )NP )PP (NP Wednesday )NP )VP )S , (NP the commission )NP (VP voted (PRN , (SBAR as (S (VP expected )VP )S )SBAR , )PRN (S (VP to (VP (ADVP formally )ADVP *UNK (PP to (NP (NP the accord )NP (PP between (NP (NP (NP Air France )NP , (NP the state-owned airline )NP )NP , and (NP (NP state-controlled domestic carrier )NP (NP Air *UNKC )NP )NP )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP An EC spokesman )NP (VP said (SBAR (S (NP the two companies )NP (VP will (VP be (VP notified (SBAR so (S (NP they )NP (VP can (VP begin (NP (NP negotiations )NP (PP with (NP Brussels )NP )PP (PP on (SBAR (WHADVP how )WHADVP (S (VP to (VP *UNK (NP the pact )NP )VP )VP )S )SBAR )PP )NP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(SINV (PP At (NP issue )NP )PP (VP is )VP (NP (NP an accord )NP (VP *UNKING (ADVP back )ADVP (PP to (NP March )NP )PP )VP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (S (NP Air France )NP (VP gained (NP (NP access )NP (PP to (NP five domestic French routes )NP )PP )NP (PP under (NP (NP Air *UNKC 's )NP flight numbers )NP )PP )VP )S and (S (NP the domestic airline )NP (VP got (S (VP to (VP fly (PP to (NP (NP five cities )NP (ADVP outside (PP of (NP France )NP )PP )ADVP )NP )PP (PP under (NP (NP the flag )NP (PP of (NP Air France )NP )PP )NP )PP )VP )VP )S )VP )S )S )SBAR )NP . )SINV  STOP
(S (NP The two )NP (VP (VP shared (NP (NP results )NP (PP from (NP this route swap )NP )PP )NP )VP , and (VP followed (NP (NP rules )NP (PP on (NP ticket pricing )NP )PP )NP )VP )VP . )S  STOP
(S (NP The EC Commission )NP (VP decided (SBAR that (S (NP such an accord )NP (VP does n't (VP benefit (NP consumers )NP (ADVP enough (S (VP to (VP *UNK (NP (NP an *UNK )NP (PP from (NP antitrust law )NP )PP )NP )VP )VP )S )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The airlines )NP (VP presented (NP it )NP (PP as (S (VP offering (NP consumers )NP (NP (NP more choice )NP and (NP better flight *UNK )NP )NP )VP )S )PP )VP . )S  STOP
(S (NP An Air France spokeswoman )NP (VP said , (S `` (NP we )NP (VP 're (ADJP absolutely ready (S (VP to (VP study (NP all solutions )NP )VP )VP )S )ADJP )VP )S )VP . '' )S  STOP
(S (NP An Air *UNKC spokesman )NP (VP said , (S `` (SBAR Because (S (NP (NP they )NP (PRN -LCB- (NP the EC )NP -RCB- )PRN )NP (VP have (NP doubts )NP )VP )S )SBAR , (NP we )NP (VP will (VP work (ADVP again )ADVP (PP on (NP (NP (NP the *UNK )NP and (NP the *UNK )NP )NP (PP of (NP the accord )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP A state appellate court )NP (VP *UNKED (NP (NP (NP the 1987 *UNK )NP (PP of (NP (NP *UNKC *UNKC Corp. )NP and (NP (NP two )NP (PP of (NP its executives )NP )PP )NP )NP )PP )NP (PP on (NP (NP charges )NP (PP of (NP *UNK )NP )PP (PP for (S (VP *UNKING (NP workers )NP (PP to (NP *UNK *UNK *UNK )NP )PP )VP )S )PP )NP )PP )NP )VP . )S  STOP
(S (NP The indictment )NP (VP charged (SBAR that (S (NP *UNKC )NP (VP operated (NP (NP a machine )NP (SBAR (S (VP to (VP (VP crush (NP broken *UNK )NP )VP and (VP recover (NP the *UNK )NP )VP )VP )VP )S )SBAR )NP (PP in (NP an illegal *UNK )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The charges )NP (VP said (SBAR that (S (NP one worker )NP (VP suffered (NP permanent brain damage )NP (PP from (NP *UNK exposure )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The judge )NP (VP handling (NP the case )NP (PP in (NP (NP state Supreme Court )NP , (NP a trial court )NP , )NP )PP )VP )NP (VP had (VP *UNKED (PRT out )PRT (NP the jury *UNK )NP , (S (VP ruling (SBAR that (S (NP the matter )NP (VP should (VP have (VP been (VP handled (PP under (NP federal *UNKC Safety and Health Administration rules )NP )PP )VP )VP )VP )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(S But (NP (NP the *UNKC Division )NP (PP of (NP State Supreme Court )NP )PP )NP (VP held (SBAR (S (NP that federal law )NP (VP did n't (VP *UNK- (NP the states )NP (PP from (NP such a prosecution )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Elizabeth *UNKC )NP , (NP (NP district attorney )NP (PP for (NP (NP Brooklyn )NP , (NP N.Y. )NP , )NP )PP )NP )NP (VP said , (S `` (NP The appellate division )NP (VP has (VP agreed (PP with (NP our view (SBAR that (S (PP despite (NP federal *UNK- laws )NP )PP , (NP state prosecutors )NP (VP have (NP the power (S (VP to (VP protect (NP working people )NP )VP )VP )S )NP )VP )S )SBAR )NP )PP )VP )VP )S )VP . '' )S  STOP
(S (NP (NP Lawyers )NP (PP for (NP the company and executives )NP )PP )NP (VP could n't (VP be (VP reached (PP for (NP comment )NP )PP )VP )VP )VP . )S  STOP
(S (NP The executives )NP (VP face (NP (NP (NP (QP five to 15 )QP years )NP (PP in (NP prison )NP )PP )NP and (NP (NP fines )NP (PP of (NP (NP $ 5,000 )NP or (NP (NP double the profit )NP (VP made (PP by (S (VP failing (S (VP to (VP comply (PP with (NP the rules )NP )PP )VP )VP )S )VP )S )PP )VP )NP )NP )PP )NP )NP )VP . )S  STOP
(S (NP The company )NP (VP could (VP be (VP *UNKED (NP (NP (QP a maximum of $ 10,000 )QP )NP , or (NP double the profit )NP )NP )VP )VP )VP . )S  STOP
(S (NP General Motors Corp. )NP (VP wants (S (VP to (VP buy (NP (NP (QP as much as 15 )QP % )NP (PP of (NP Jaguar PLC )NP )PP )NP , (S (VP marking (NP (NP its first *UNK )NP (PP in (NP (NP a possible *UNK- battle )NP (PP against (NP Ford Motor Co. )NP )PP (PP for (NP (NP control )NP (PP of (NP the British car maker )NP )PP )NP )PP )NP )PP )NP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP GM )NP (VP (VP sought (NP U.S. antitrust clearance )NP (NP last week )NP (S (VP to (VP purchase (NP (NP (NP (QP more than $ 15 million )QP )NP worth )NP (PP of Jaguar shares )PP )NP )VP )VP )S )VP but (VP does n't (VP own (NP any )NP (ADVP yet )ADVP )VP )VP , (PP according (PP to (NP (NP GM officials )NP (UCP (ADVP here )ADVP and (PP at (NP (NP the company 's )NP Detroit headquarters )NP )PP )UCP )NP )PP )PP )VP . )S  STOP
(S (S (NP The No. 1 U.S. auto maker )NP (ADVP then )ADVP (VP wrote (NP Jaguar )NP (SBAR that (S (NP it )NP (VP intends (S `` (VP to (VP go (PP to (NP that (ADJP 15 % )ADJP '' level )NP )PP (SBAR once (S (NP it )NP (VP wins (NP the U.S. clearance (S (VP to (VP go (PP beyond (NP (QP $ 15 million )QP )NP )PP )VP )VP )S )NP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP )S , (NP a Jaguar spokesman )NP (VP said (NP yesterday )NP )VP . )S  STOP
(S (NP The GM move )NP (VP follows (NP (NP (NP Tuesday 's )NP *UNK )NP (PP by (NP (NP Ford )NP , (SBAR (WHNP which )WHNP (S (VP holds (NP (NP an *UNK (ADJP *UNKN % )ADJP stake )NP (PP in (NP Jaguar )NP )PP )NP )VP )S )SBAR )NP )PP , (SBAR that (S (NP it )NP (VP is (ADJP prepared (S (VP to (VP bid (PP for (NP the entire company )NP )PP )VP )VP )S )ADJP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP GM )NP (VP is (ADJP close (PP to (S (VP *UNKING (NP (NP a friendly deal )NP (PP with (NP Jaguar )NP )PP (SBAR (WHNP that )WHNP (S (VP is (ADJP likely (S (VP to (VP involve (NP (NP an eventual (ADJP 30 % )ADJP stake )NP and (NP joint manufacturing ventures )NP )NP )VP )VP )S )ADJP )VP )S )SBAR )NP )VP )S )PP )ADJP )VP . )S  STOP
(S (NP *UNKC investors )NP , (S (VP betting (PP on (NP (NP an *UNK *UNK )NP (PP between (NP Ford and GM )NP )PP )NP )PP )VP )S , (VP pushed (ADVP up )ADVP (NP (NP Jaguar 's )NP share price )NP (NP (NP five pence )NP (PRN -LRB- (NP eight U.S. cents )NP -RRB- )PRN )NP (PP to (NP (NP a *UNK- *UNKN pence )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN )NP )PP (PP in (NP (NP late trading )NP (PP on (NP (NP London 's )NP stock exchange )NP )PP )NP )PP (NP yesterday )NP )VP . )S  STOP
(S (PP Since (NP Tuesday )NP )PP , (NP the shares )NP (VP have (VP gained (NP (QP nearly 4 )QP % )NP )VP )VP . )S  STOP
(S But (NP (NP an *UNK- bidding war )NP (PP between (NP (NP the world 's )NP top auto giants )NP )PP (PP for (NP (NP Britain 's )NP leading *UNK- maker )NP )PP )NP (VP seems (ADJP unlikely )ADJP )VP . )S  STOP
(SINV (S `` (NP We )NP (VP will not (VP go (PP over (NP a certain level )NP )PP )VP )VP , '' )S (VP said )VP (NP (NP David N. *UNKC )NP , (NP (NP (NP Ford 's )NP vice president )NP (PP for (NP finance )NP )PP )NP , )NP (PP at (NP (NP a news conference )NP (NP yesterday )NP )NP )PP (PP in (NP (NP *UNKC )NP , (NP *UNKC )NP )NP )PP . )SINV  STOP
(S `` (NP There )NP (VP 's (NP (NP some price )NP (SBAR (WHPP at (WHNP which )WHNP )WHPP (S (NP we )NP (VP 'd (VP stop (S (VP bidding )VP )S )VP )VP )S )SBAR )NP )VP . '' )S  STOP
(S (NP He )NP (VP would n't (VP specify (SBAR (WHNP what )WHNP (S (NP it )NP (VP was )VP )S )SBAR )VP )VP . )S  STOP
(S And (NP powerful political pressures )NP (VP may (VP convince (S (NP the Conservative government )NP (VP to (VP keep (NP (NP its so-called golden share )NP , (SBAR (WHNP which )WHNP (S (VP limits (NP any individual holding )NP (PP to (NP 15 % )NP )PP )VP )S )SBAR , )NP (SBAR until (S (NP the *UNK )NP (VP expires (PP on (NP Dec. 31 , 1990 )NP )PP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(SINV (S `` (NP I )NP (ADVP really )ADVP (VP do n't (VP see (S (NP the government )NP (VP doing (NP (NP something )NP (SBAR (WHNP that )WHNP (S (NP Jaguar )NP (VP does n't (VP want )VP )VP )S )SBAR )NP (PP over (NP the next 14 months )NP )PP )VP )S )VP )VP , '' )S (VP said )VP (NP (NP Kenneth Warren )NP , (NP (NP (NP a Conservative member )NP (PP of (NP Parliament )NP )PP )NP and (NP (NP chairman )NP (PP of (NP (NP the *UNKC Committee )NP (PP on (NP Trade and Industry )NP )PP (PP in (NP (NP (NP Britain 's )NP House )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP )PP )NP )NP )NP . )SINV  STOP
(S `` (S (NP The golden share )NP (VP is (NP a single share )NP )VP )S , but (S (NP it )NP (VP is (NP the *UNK share )NP )VP )S . '' )S  STOP
(S (NP The government )NP (VP retained (NP the single share )NP (PP after (S (VP (VP selling (NP (NP its stake )NP (PP in (NP Jaguar )NP )PP )NP (PP in (NP 1984 )NP )PP )VP -- (NP (NP part )NP (PP of (NP (NP a *UNK practice )NP (PP of (S (VP protecting (NP former *UNKED enterprises )NP (S (VP to (VP *UNK (NP (NP criticism )NP (PP of (NP privatization )NP )PP )NP )VP )VP )S )VP )S )PP )NP )PP )NP )VP )S )PP )VP . )S  STOP
(S (NP The (ADJP 15 % )ADJP *UNK )NP (VP covers (NP (NP any would-be suitor )NP , (ADJP British or foreign )ADJP )NP )VP . )S  STOP
(S (NP Ford )NP (VP is (ADJP willing (S (VP to (VP bid (PP for (NP (NP 100 % )NP (PP of (NP (NP Jaguar 's )NP shares )NP )PP )NP )PP )VP )VP )S )ADJP (SBAR if (S (NP both (NP the government )NP and (NP Jaguar shareholders )NP )NP (VP agree (S (VP to (VP *UNK (NP the *UNK- barrier )NP (ADVP *UNKLY )ADVP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (PP As (NP (NP (NP Jaguar 's )NP biggest holder )NP and (NP (NP Britain 's )NP biggest car maker )NP )NP )PP )S , (NP Ford )NP (VP could (VP turn (PRT up )PRT (NP the heat )NP (PP by (S (VP (VP *UNKING (NP (NP a special shareholders ' )NP meeting )NP )VP and (VP urging (NP holders )NP (S (VP to (VP drop (NP the limits )NP (ADVP early )ADVP )VP )VP )S )VP )VP )S )PP )VP )VP . )S  STOP
(S (NP Ford )NP (VP might (VP succeed (SBAR because (S (NP many shareholders )NP (VP are (NP (NP (NP speculators )NP (ADJP *UNK (PP for (NP a full bid )NP )PP )ADJP )NP or (NP (NP institutional investors )NP (ADJP *UNK (PP over (NP (NP (NP Jaguar management 's )NP handling )NP (PP of (NP its current financial difficulties )NP )PP )NP )PP )ADJP )NP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The government )NP (ADVP probably )ADVP (VP would n't (VP give (PRT in )PRT (ADVP readily )ADVP (PP to (NP (NP a hostile *UNK )NP (PP by (NP Ford )NP )PP )NP )PP , (ADVP however )ADVP )VP )VP . )S  STOP
(S (NP It )NP (VP has (VP *UNKED (NP a golden share )NP (ADVP (ADVP only once before )ADVP -- (PP during (NP (NP (NP British Petroleum Co. 's )NP (ADJP (NP (QP # 2.5 billion )QP )NP (ADJP -LRB- (NP (QP $ 4 billion )QP )NP -RRB- )ADJP )ADJP takeover )NP (PP of (NP *UNKC PLC )NP )PP (PP in (NP 1988 )NP )PP )NP )PP )ADVP )VP )VP . )S  STOP
(S (S (PP In (S (VP *UNKING (NP British lawmakers )NP )VP )S )PP )S , (NP GM )NP (VP has (VP pointed (PRT out )PRT (SBAR that (S (NP its willingness (S (VP to (VP settle (PP for (NP a minority stake )NP )PP )VP )VP )S )NP (VP would (VP keep (S (NP Jaguar )NP (ADJP *UNKED and independent )ADJP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP This week )NP , (NP the U.S. auto giant )NP (VP paid (SBAR for (S (NP (NP 10 (NAC House (PP of (NP *UNKC )NP )PP )NAC members )NP and (NP two (NAC House (PP of (NP *UNKC )NP )PP )NAC members )NP )NP (VP to (VP (VP fly (PP to (NP Detroit )NP )PP )VP and (VP *UNK (NP its operations there )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR While (S (NP the visit )NP (VP was (ADJP unrelated (PP to (NP Jaguar )NP )PP )ADJP )VP )S )SBAR , (NP GM Chairman Roger Smith )NP (VP *UNKED (NP (NP (NP the legislators ' )NP questions )NP (PP about (NP it )NP )PP )NP (PP over (NP lunch )NP )PP (NP Tuesday )NP )VP . )S  STOP
(SINV (S (NP He )NP (VP said (SBAR (S (NP Jaguar )NP `` (VP should n't (VP be (VP *UNKED (PP by (NP anyone else )NP )PP )VP )VP )VP , '' )S )SBAR )VP )S (VP *UNKED )VP (NP one *UNK )NP . )SINV  STOP
(S (NP *UNKC )NP (ADVP also )ADVP (VP *UNK (NP (NP (NP the government 's )NP thinking )NP (PP on (NP the *UNK- *UNK )NP )PP )NP )VP . )S  STOP
(S (S (NP The Conservatives )NP (VP do n't (VP *UNK (S (VP *UNK (NP (NP marginal *UNKC seats )NP (PP in (NP (NP *UNKC )NP , (SBAR (WHADVP where )WHADVP (S (NP Jaguar )NP (VP has (NP headquarters )NP )VP )S )SBAR )NP )PP )NP )VP )S )VP )VP )S , nor (SINV can (NP the government )NP (VP (ADVP easily )ADVP back (PRT down )PRT (PP on (NP (NP promised protection )NP (PP for (NP a *UNKED company )NP )PP )NP )PP (SBAR while (S (NP it )NP (VP proceeds (PP with (NP controversial plans (S (VP to (VP *UNK (NP (NP most )NP (PP of (NP (NP Britain 's )NP water and electricity industries )NP )PP )NP )VP )VP )S )NP )PP )VP )S )SBAR )VP )SINV . )S  STOP
(S (NP Prime Minister Margaret Thatcher )NP (VP might , (ADVP however )ADVP , (VP be (ADJP *UNK (PP to (NP (NP any request )NP (PP by (NP Jaguar Chairman Sir John *UNKC )NP )PP (PP for (NP (NP the *UNK 's )NP early *UNK (S (VP to (VP let (S (NP GM )NP (VP *UNK (NP (QP more than 15 )QP % )NP )VP or (VP mount (NP a friendly suitor bid )NP (PP against (NP Ford )NP )PP )VP )S )VP )VP )S )NP )PP )NP )PP )ADJP )VP )VP . )S  STOP
(S (PP In (NP the end )NP )PP , (NP (NP Sir John )NP (PRN -- (CONJP rather than )CONJP (NP (NP the government )NP or (NP Jaguar shareholders )NP )NP -- )PRN )NP (VP may (VP hold (NP (NP the key )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP the golden share )NP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP Swedish *UNK- and *UNKING group )NP (NP AB *UNKC )NP )NP (VP said (SBAR (S (NP its pretax profit )NP (VP rose (NP 78 % )NP (PP to (NP (NP (QP *UNKN billion )QP kronor )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP (PP in (NP the first nine months )NP )PP )PP (PP from (NP (NP (QP one billion )QP kronor )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP (PP in (NP (NP the *UNKING period )NP (ADVP (NP a year )NP earlier )ADVP )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP sales )NP (VP increased (NP 17 % )NP (PP to (NP (QP *UNKN billion )QP kronor )NP )PP (PP from (NP *UNKN billion )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Earnings )NP (PP per (NP share )NP )PP )NP (VP were (NP *UNKN kronor )NP (PP compared (PP with (NP *UNKN kronor )NP )PP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP (NP demand )NP (PP for (NP (NP (NP the group 's )NP main product )NP , (NP rolling *UNK )NP , )NP )PP )NP (VP remained (ADJP favorable )ADJP (PP in (NP (NP Europe )NP , (SBAR (WHNP which )WHNP (S (VP accounts (PP for (NP (NP (QP slightly more than two-thirds )QP )NP (PP of (NP group sales )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (ADJP Latin American )ADJP markets )NP (VP continued (NP their recovery )NP (PP after (NP (NP a weak start )NP (PP to (NP the year )NP )PP )NP )PP )VP )S , (NP *UNKC )NP (VP said )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP (NP the situation )NP (PP in (NP the U.S. )NP )PP )NP (VP is (ADVP still )ADVP (ADJP uncertain )ADJP (SBAR as (S (NP (NP reduced production )NP (PP in (NP (NP the country 's )NP automotive industry )NP )PP )NP (VP has (VP resulted (PP in (NP (NP weakened demand )NP (PP for (NP rolling *UNK )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Analysts )NP (VP said (SBAR (S (NP (NP (NP *UNKC 's )NP results )NP (PP for (NP the first nine months )NP )PP )NP (VP lived (PRT up )PRT (PP to (NP market expectations )NP )PP (SBAR as (S (NP brokerage firms )NP (VP had (VP predicted (NP (NP a pretax profit )NP (PP of (NP (QP *UNKN billion to *UNKN billion )QP kronor )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The three business areas )NP (VP engaged (PP in (NP rolling bearing operations )NP )PP )VP )NP (VP continued (S (VP to (VP show (NP favorable sales development )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP Sales )NP (PP of (NP rolling *UNK )NP )PP )NP (VP increased (NP 19 % )NP (PP to (NP (QP *UNKN billion )QP kronor )NP )PP (PP from (NP (QP *UNKN billion )QP kronor )NP )PP (PP in (NP (NP the *UNKING period )NP (NP the previous year )NP )NP )PP )VP . )S  STOP
(S (NP We )NP (VP read (PP with (NP interest )NP )PP (NP (NP (NP (NP Robert *UNKC 's )NP (NP Sept. 28 )NP *UNK- article )NP (PP on (NP Robert *UNKC )NP )PP )NP (PRN -LRB- (S `` (NP The *UNKC *UNKC )NP (VP *UNKC (NP Little *UNKC )NP (PP *UNKC (NP *UNKC )NP )PP )VP '' )S -RRB- )PRN )NP )VP . )S  STOP
(S (S (VP *UNKING (NP (NP conversations )NP (PP with (NP us )NP )PP )NP )VP )S , (NP Mr. *UNKC )NP (VP argued (SBAR that (S (NP (NP Mr. *UNKC 's )NP environmental views )NP (VP are (PP at (NP odds )NP )PP (PP with (NP Utah residents )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP This )NP (VP may (VP have (VP been (ADJP true )ADJP (ADVP (NP 10 years )NP ago )ADVP )VP )VP )VP )S , but (S (NP times )NP (VP have (VP changed , (PP (ADVP even )ADVP in (NP Utah )NP )PP )VP )VP )S . )S  STOP
(S (NP Mr. *UNKC )NP (ADVP no longer )ADVP (VP stands (PRT out )PRT (PP as (NP an *UNK )NP )PP )VP . )S  STOP
(S (S (NP He )NP (VP has not (VP changed )VP )VP )S , but (S (NP (NP those )NP (PP around (NP him )NP )PP )NP (VP have )VP )S . )S  STOP
(S (NP (NP Many )NP (PP of (NP (NP his views )NP (PP on (NP (NP the protection )NP (PP of (NP (NP *UNK areas )NP , (NP *UNK )NP and (NP *UNK )NP )NP )PP )NP )PP )NP )PP )NP (VP are (ADVP now )ADVP (VP embraced (PP by (NP (ADJP *UNK , conservative )ADJP *UNKC )NP )PP )VP )VP . )S  STOP
(S (ADVP Recently )ADVP , (NP (NP (QP some 60 )QP (ADJP environmental and *UNK )ADJP groups )NP (VP representing (NP (NP such *UNK points )NP (PP of (NP view )NP )PP (PP as (NP (NP the Sierra Club )NP , (NP (NP the League )NP (PP of (NP *UNKC *UNKC )NP )PP )NP and (NP the National *UNKC Association )NP )NP )PP )NP )VP )NP (VP joined (ADVP together )ADVP (S (VP to (VP request (NP (NP a *UNK )NP (PP of (NP the (ADJP *UNKLY *UNK )ADJP Central Utah Project )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (SBAR While (S (NP Utah )NP (VP is not (ADVP yet )ADVP (NP (NP a *UNK )NP (PP for (NP *UNK )NP )PP )NP )VP )S )SBAR , (NP (NP public views )NP (PP toward (NP the environment )NP )PP )NP (VP have (VP (ADVP significantly )ADVP improved )VP )VP . )S  STOP
(S (PP In (NP (NP one )NP (PP of (NP (NP the (ADJP most conservative )ADJP , Republican states )NP (PP in (NP the entire nation )NP )PP )NP )PP )NP )PP , (NP (NP the *UNKING )NP (PP of (NP (NP Robert *UNKC 's )NP neighbors )NP )PP )NP (VP is (NP (NP the real story )NP (SBAR (WHNP that )WHNP (S (NP Mr. *UNKC )NP (VP missed )VP )S )SBAR )NP )VP . )S  STOP
(NP (NP (NP *UNKC *UNKC )NP (NP Sam *UNKC )NP (NP Gary *UNKC )NP )NP (NP (NP *UNKC City )NP , (NP Utah )NP )NP )NP  STOP
(S (SBAR If (S (NP Mr. *UNKC )NP (VP wanted (S (VP to (VP be (VP accepted (PP by (NP (NP the people )NP (PP of (NP Utah )NP )PP )NP )PP )VP )VP )VP )S )VP )S )SBAR , (NP he )NP (VP should (VP have (VP taken (NP an advisory role )NP (PP instead of (NP (NP one )NP (PP of (S (VP forcing (NP his personal *UNK )NP )VP )S )PP )NP )PP )VP )VP )VP . )S  STOP
(S (ADVP *UNKC )ADVP , (NP his actions )NP (VP *UNKLY (SBAR that (S (S (NP it )NP (VP is (ADJP too *UNKING or costly (SBAR for (S (NP society )NP (VP (VP to (VP provide (NP jobs )NP (PP through (NP (NP *UNK- construction )NP , (NP coal mining )NP )NP )PP )VP )VP or (VP to (VP build (NP roads )NP (PP for (NP public safety )NP )PP )VP )VP )VP )S )SBAR )ADJP (PP because of (NP (NP the adverse impact )NP (PP on (NP the environment )NP )PP )NP )PP )VP )S , but (S (NP it )NP (VP is (ADJP just fine and *UNK )ADJP (SBAR for (S (NP him )NP (VP to (VP transform (NP (NP a mountain )NP (ADVP high (PP in (NP the *UNKC *UNKC )NP )PP )ADVP )NP (PP into (NP a ski resort )NP )PP )VP )VP )S )SBAR )VP )S )S )SBAR )VP . )S  STOP
(S (NP (NP It )NP )NP (VP *UNK (NP me )NP (SBAR (S (NP he )NP (VP can (VP *UNK (NP (NP his (ADJP *UNK- and *UNK )ADJP actions )NP (PP in (NP Utah )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP An excellent environmental actor )NP (NP he )NP (VP is )VP . )S  STOP
(NP (NP (NP David *UNKC )NP (NP *UNKC *UNKC )NP )NP (NP (NP (NP University )NP (PP of (NP Colorado )NP )PP )NP (NP (NP *UNKC )NP , (NP *UNKC )NP )NP )NP . )NP  STOP
(S (NP Mr. Redford )NP (PRN , (S (VP like (NP it )NP or not )VP )S , )PRN (VP is (UCP (PP like (NP (NP a *UNKING system )NP (PP on (NP a *UNK truck )NP )PP )NP )PP , (S (ADVP kind of )ADVP (VP slowing (NP it )NP (PRT down )PRT (PP into (NP control )NP )PP )VP )S )UCP )VP . )S  STOP
(S (NP He )NP (VP (VP 's (ADJP rich , famous and *UNK )ADJP )VP , and (VP has (NP (NP the time )NP (SBAR (S (VP to (VP do (NP (NP something )NP (SBAR (WHNP that )WHNP (S (NP not even the federal government )NP (VP will (VP do )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP Mr. Redford )NP (VP is (VP slowing (PRT down )PRT (NP (NP a *UNK , *UNKING *UNK )NP (VP known (PP as (NP (NP the progress )NP (PP of (NP *UNK )NP )PP )NP )PP )VP )NP )VP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP I )NP (VP 'm (ADJP *UNK (SBAR (S (NP there )NP (VP are (NP (NP people )NP (PP like (NP him )NP )PP (ADVP around )ADVP (SBAR (S (VP to (VP slow (PRT down )PRT (NP (NP the profit *UNK )NP , and (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP are (PP in (NP (NP such a *UNK *UNK )NP (PP for (NP (NP something )NP (SBAR (WHNP that )WHNP (S (VP may (VP appear (S (VP to (VP benefit (NP them )NP (PP in (NP the immediate future )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP )PP , (S not (VP *UNKING (PP about (NP the *UNK- implications )NP )PP )VP )S )VP )S )SBAR )NP )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )ADJP )VP . )S  STOP
(NP *UNKC *UNKC )NP  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP President Bush )NP (VP *UNK (PP to (NP Costa Rica )NP )PP (NP today )NP )VP )S )SBAR , (NP he )NP (VP 'll (VP go (PP with (NP (NP little )NP (PP of (NP (NP the *UNK )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP (NP many )NP (PP of (NP his foreign *UNK )NP )PP )NP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S But (NP the *UNK- trip )NP (ADVP still )ADVP (VP has (VP managed (S (VP to (VP fuel (NP (NP controversy )NP (PP over (NP (NP (NP his administration 's )NP policies )NP (PP in (NP Central America )NP )PP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Some conservatives )NP (VP say (SBAR (S (NP Mr. Bush )NP (VP should n't (VP make (NP (NP the trip )NP , (SBAR (WHPP during (WHNP which )WHNP )WHPP (S (NP he )NP (VP will (VP participate (PP in (NP (NP (NP Costa Rica 's )NP celebration )NP (PP of (NP (NP 100 years )NP (PP of (NP democracy )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP These critics )NP (VP *UNK (PP to (NP (NP (NP Mr. Bush 's )NP participation )NP (PP in (NP (NP a meeting )NP (SBAR (WHNP that )WHNP (S (VP includes (NP Nicaraguan President Daniel Ortega )NP (PP among (NP the *UNK )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP they )NP (VP argue (SBAR (S (NP he )NP (VP wo n't (VP help (NP (NP (NP Washington 's )NP standing )NP (PP in (NP the region )NP )PP )NP (PP by (S (VP *UNKING (NP (NP the U.S. commitment )NP (PP to (NP democracy )NP )PP )NP (SBAR (NP (NP less )NP (PP than (NP a month )NP )PP )NP after (S (NP his administration )NP (VP played (NP an *UNK role )NP (PP in (NP (NP the failed coup attempt )NP (PP in (NP Panama )NP )PP )NP )PP )VP )S )SBAR )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(SINV (S `` (NP I )NP (VP believe (SBAR (S (NP it )NP (VP will (VP do (NP (NP more damage )NP (PP than (NP good )NP )PP )NP (SBAR because (S (NP it )NP (VP will (VP *UNK (NP (NP people )NP (PP like (NP Daniel Ortega )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP , '' )S (VP says )VP (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP served (PP as (NP (NP U.S. *UNK )NP (PP to (NP Costa Rica )NP )PP )NP )PP (PP during (NP the Reagan administration )NP )PP )VP )S )SBAR )NP . )SINV  STOP
(S (NP Mr. *UNKC )NP , (PP among (NP (NP other analysts )NP (VP connected (PP to (NP the conservative *UNKC Foundation )NP )PP )VP )NP )PP , (VP fears (SBAR (S (NP (NP the gathering )NP (PP of (NP (NP 18 leaders )NP , (PP (ADVP mostly )ADVP from (NP (ADJP Central American )ADJP nations )NP )PP , )NP )PP )NP (VP will (VP force (S (NP Mr. Bush )NP `` (VP to (VP explain and redeem (NP himself )NP )VP '' (PP in (NP (NP the wake )NP (PP of (NP charges (SBAR that (S (NP the U.S. )NP (VP failed (S (VP to (VP do (NP enough )NP (S (VP to (VP aid (NP (NP the *UNK )NP (PP of (NP Panamanian dictator Manuel Noriega )NP )PP )NP )VP )VP )S )VP )VP )S )VP )S )SBAR )NP )PP )NP )PP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP At (NP the same time )NP )PP , (NP (ADJP liberal and moderate )ADJP Democrats )NP (VP note (NP (NP the *UNK )NP (PP of (S (NP Mr. Bush 's )NP (VP joining (NP (NP a celebration )NP (PP of (NP (ADJP Costa Rican )ADJP democracy )NP )PP )NP (PP at (NP (NP a time )NP (SBAR (S (NP his administration )NP (VP has (VP sought (NP (NP sharp cuts )NP (PP in (NP (NP U.S. aid )NP (PP to (NP the tiny country )NP )PP )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )S )PP )NP )VP . )S  STOP
(S (NP The administration )NP (VP proposed (NP (NP (QP only $ 57 million )QP )NP (PP in (NP so-called economic support funds )NP )PP (PP for (NP Costa Rica )NP )PP )NP (NP this year )NP , (ADVP down (PP from (NP (NP the (QP $ 90 million )QP )NP (SBAR (S (NP the U.S. )NP (VP provided (NP last year )NP )VP )S )SBAR )NP )PP )ADVP )VP . )S  STOP
(S (NP The administration )NP (VP said (SBAR (S (NP (NP improvements )NP (PP in (NP (NP Costa Rica 's )NP economic condition )NP )PP )NP (VP warrant (NP (NP the cut )NP (PP in (NP aid )NP )PP , (SBAR (WHNP which )WHNP (S (NP the country )NP (VP uses (ADVP mainly )ADVP (S (VP to (VP make (NP payments )NP (PP on (NP its (ADJP (QP $ 4.5 billion )QP )ADJP foreign debt )NP )PP )VP )VP )S )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S But (NP (ADJP Costa Rican )ADJP officials )NP (VP argue (SBAR that (S (NP (NP the recent drop )NP (PP in (NP coffee prices )NP )PP , (VP combined (PP with (NP (NP the country 's )NP continuing struggle (S (VP to (VP *UNK (NP its economy )NP )VP )VP )S )NP )PP )VP , )NP (VP make (S (NP the support )NP (ADJP (ADJP as necessary )ADJP (PP as ever )PP )ADJP )S )VP )S )SBAR )VP . )S  STOP
(SINV (S `` (S (NP We )NP (VP are (VP *UNKING (NP the *UNK )NP )VP )VP )S and (S (NP we )NP (VP need (NP a (ADJP little more )ADJP help )NP (S (VP to (VP get (PP to (NP the other side )NP )PP )VP )VP )S )VP )S , '' )S (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP an economic affairs specialist )NP (PP at (NP (NP the (ADJP Costa Rican )ADJP *UNKC )NP (PP in (NP Washington )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP Democrats )NP (VP argue (SBAR that (S (NP Costa Rica )NP (VP *UNK (NP more assistance )NP (UCP (PP for (NP (NP the same reason (SBAR that (S (NP Mr. Bush )NP (VP is (VP *UNKING (NP the celebration )NP (NP this weekend )NP )VP )VP )S )SBAR )NP )NP )PP : (S (VP to (VP reward (NP the country )NP (PP (PP for (NP (NP its stability )NP (PP in (NP (NP a region )NP (VP *UNKED (PP with (NP turmoil )NP )PP )VP )NP )PP )NP )PP and (PP for (NP its efforts (S (VP to (VP promote (NP peace )NP (PP in (NP Nicaragua )NP )PP )VP )VP )S )NP )PP )PP )VP )VP )S )UCP )VP )S )SBAR )VP . )S  STOP
(S (ADVP However )ADVP , (NP (NP peace efforts )NP (PP by (NP (ADJP Costa Rican )ADJP President *UNKC *UNKC )NP )PP )NP (VP have n't (ADVP always )ADVP (VP helped (NP (NP (NP the country 's )NP cause )NP (PP in (NP Washington )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC 's )NP *UNK- *UNK (S (VP to (VP support (NP (NP (NP the U.S. 's )NP campaign )NP (PP against (NP *UNK Nicaragua )NP )PP )NP )VP )VP )S )NP (VP earned (NP him )NP (NP (NP the *UNK )NP (PP of (NP the Reagan White House )NP )PP )NP )VP . )S  STOP
(S And (ADVP more recently )ADVP , (NP he )NP (VP insisted (PP on (S (VP signing (NP (NP a *UNK- agreement )NP (VP intended (S (VP to (VP *UNK (NP (NP Nicaragua 's )NP *UNKED Contra rebels )NP (ADVP (ADVP faster )ADVP (SBAR than (S (NP the Bush administration )NP (VP would (VP prefer )VP )VP )S )SBAR )ADVP )VP )VP )S )VP )NP )VP )S )PP )VP . )S  STOP
(SINV (S `` (NP I )NP (VP think (SBAR (S (S (NP Bush 's )NP (VP going (ADVP there )ADVP )VP )S (VP is (NP a *UNK sign )NP )VP )S )SBAR )VP , '' )S (VP said )VP (NP (NP Sen. Terry Sanford )NP (PRN -LRB- (NP (NP D. )NP , (NP *UNKC . )NP )NP -RRB- )PRN (NP (NP a member )NP (PP of (NP the Foreign Relations Committee )NP )PP (SBAR (WHNP who )WHNP (S (VP pushed (S (VP to (VP provide (NP Costa Rica )NP (NP (NP about the same amount )NP (PP of (NP aid )NP )PP (SBAR as (S (NP it )NP (VP received (NP last year )NP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )NP )NP . )SINV  STOP
(S (NP (NP Lawmakers )NP (PP in (NP both houses )NP )PP )NP (VP support (NP the higher level )NP )VP . )S  STOP
(S (NP Administration officials )NP (VP defend (NP (NP Mr. Bush 's )NP decision (S (VP to (VP make (NP the trip )NP )VP )VP )S )NP )VP . )S  STOP
(S (SBAR While (S (NP they )NP (VP *UNK (SBAR (S (NP the president )NP (VP will (VP *UNK (NP (NP (NP several *UNK )NP and (NP a working session )NP )NP (VP (ADVP also )ADVP attended (PP by (NP Mr. Ortega )NP )PP )VP )NP )VP )VP )S )SBAR )VP )S )SBAR , (NP they )NP (VP insist (SBAR that (S (NP Mr. Bush )NP (VP wo n't (VP be (VP *UNKING (NP the Nicaraguan leader )NP (NP any special *UNK )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The administration )NP (ADVP also )ADVP (VP made (S (ADJP clear )ADJP (NP (NP its continuing *UNK )NP (PP for (NP the *UNK Nicaraguan government )NP )PP )NP )S (PP in (NP recent days )NP )PP , (S (VP (VP *UNKING (NP (NP a package )NP (PP of (NP (NP *UNK aid )NP (PP to (NP the Nicaraguan opposition )NP )PP )NP )PP )NP )VP , (VP renewing (NP (NP the U.S. trade *UNK )NP (PP against (NP the country )NP )PP )NP )VP and (VP continuing (S (VP to (VP complain (SBAR that (S (NP the country )NP (VP supports (NP (NP *UNK groups )NP (PP in (NP the region )NP )PP )NP )VP )S )SBAR )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP Officials )NP (ADVP also )ADVP (VP insist (SBAR (S (NP Mr. Bush )NP (VP will (VP use (NP the trip )NP (S (VP to (VP *UNK (NP (NP his own initiatives )NP (PP for (S (VP (VP pushing (NP democracy )NP (PP in (NP the region )NP )PP )VP , (VP fighting (NP illegal drugs )NP )VP and (VP *UNKING (NP the (ADJP less developed )ADJP countries )NP )VP )VP )S )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (S `` (VP Let (S (NP me )NP (VP say (SBAR (S (NP there )NP (VP is (NP (NP a *UNK component )NP (PP to (NP this trip )NP )PP )NP )VP )S )SBAR )VP )S )VP , '' )S (NP (NAC Secretary (PP of (NP State )NP )PP )NAC James Baker )NP (VP told (NP reporters )NP (NP Wednesday )NP )VP . )S  STOP
(S `` (S (NP There )NP (VP wo n't (VP be (NP any formal *UNK or *UNK )NP )VP )VP )S , (NP I )NP (VP do n't (VP think )VP )VP . )S  STOP
(S But (NP we )NP (ADVP still )ADVP (VP see (NP this )NP (PP as (NP an opportunity (S (VP to (VP discuss (NP many , many (ADJP very important )ADJP issues )NP )VP )VP )S )NP )PP )VP . )S  STOP
(S (PP In (NP 1987 )NP )PP , (NP (NP the *UNKC Commission )NP (PP of (NP the *UNKC )NP )PP , (SBAR (WHNP which )WHNP (S (VP oversees (NP most U.S. *UNK sports )NP )VP )S )SBAR , )NP (VP contracted (PP with (NP (NP the *UNKED American Institutes )NP (PP for (NP Research )NP )PP )NP )PP (S (VP to (VP do (NP (NP a survey )NP (PP on (NP (NP the college *UNK )NP (PP of (SBAR (WHNP what )WHNP (S (NP the body )NP (VP *UNK (S (VP to (VP call (S (NP *UNK- )NP )S )VP )VP )S )VP )S )SBAR )PP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP A brief `` executive *UNK '' )NP (VP (VP was (VP issued (NP last April )NP )VP )VP , and (VP attracted (NP some (PRN , but (ADJP not much )ADJP , )PRN attention )NP )VP )VP . )S  STOP
(S (NP *UNKED reports )NP (VP (VP followed )VP , and (VP attracted (NP (ADJP even less )ADJP notice )NP )VP )VP . )S  STOP
(S (NP I )NP (VP suspect (SBAR (S (NP I )NP (VP may (VP be (NP (NP one )NP (PP of (NP (NP the few people )NP (SBAR (S (VP to (VP have (VP read (NP them all )NP )VP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The sixth and last report )NP (ADVP now )ADVP (VP is (ADVP out )ADVP )VP )S , and (S (NP it )NP (VP puts (NP the effort )NP (PP in (NP perspective )NP )PP )VP )S . )S  STOP
(S (S (VP *UNKED (S `` (NP (NP *UNKC )NP (PP From (NP *UNKC )NP )PP )NP , '' )S )VP )S (NP it )NP (VP *UNK (PP on (NP (NP (NP the real *UNK )NP (PP of (NP college sports )NP )PP )NP : (SBAR (WHNP what )WHNP (S (VP happens (PP to (NP young *UNK )NP )PP (SBAR once (S (NP they )NP (VP enter (NP *UNK )NP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP It )NP (VP 's (NP (NP little less )NP (PP than (NP (NP a *UNK )NP (PP for (NP help )NP )PP (PP from (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP make (S (NP the costly show )NP (ADJP possible )ADJP )S )VP )S )SBAR )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The previous five reports )NP (VP were (ADJP (ADJP mainly statistical )ADJP , but (ADJP clear enough (PP in (NP *UNK )NP )PP )ADJP )ADJP )VP . )S  STOP
(S (NP They )NP (VP showed (SBAR that (S (S (NP (NP participants )NP (PP in (NP (NP (NP Division I football )NP and (NP (NP men 's )NP basketball )NP )NP , (NP the *UNK- `` revenue sports )NP , '' )NP )PP )NP (VP entered (NP school )NP (PP with (NP (NP *UNK (NX (NX *UNK- *UNK )NX and (NX test scores )NX )NX )NP (PP than (NP (NP `` *UNK- '' *UNK )NP and (NP (NP students )NP (SBAR (WHNP who )WHNP (S (VP *UNKED (PP in (NP other *UNK activities )NP )PP )VP )S )SBAR )NP )NP )PP )NP )PP )VP )S , and (S (NP they )NP (VP got (NP lower *UNK )NP (SBAR once (S (NP they )NP (VP got (ADVP there )ADVP )VP )S )SBAR , (PP (ADVP (ADVP at least )ADVP partly )ADVP because of (NP (NP the *UNK demands )NP (VP placed (PP on (NP them )NP )PP )VP )NP )PP )VP )S )S )SBAR )VP . )S  STOP
(S (NP The football and basketball players )NP (VP spent (NP (NP (NP more time )NP (PP on (NP their sports )NP )PP (PP in (NP season )NP )PP (SBAR than (S (NP they )NP (VP did (PP on (NP (NP (NP class *UNK )NP and (NP *UNK )NP )NP (VP combined )VP )NP )PP )VP )S )SBAR )NP (PRN -LRB- (NP (NP (NP 30 hours )NP (NP a week )NP )NP (PP *UNK (NP *UNKN )NP )PP )NP -RRB- )PRN )NP )VP . )S  STOP
(S (S (NP (NP *UNKC half )NP (PRN -LRB- (NP *UNKN % )NP -RRB- )PRN )NP (VP reported (S (VP suffering (NP (NP `` *UNK abuse '' )NP (PP from (NP *UNK )NP )PP )NP )VP )S )VP )S , and (S (NP (NP almost *UNK- )NP (PRN -LRB- (NP *UNKN % )NP -RRB- )PRN )NP (VP said (SBAR (S (NP they )NP (VP had (VP been (VP pressured (S (VP to (VP ignore (NP injuries )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP )S . )S  STOP
(S But (NP even those numbers )NP (VP do n't (VP *UNK (NP the situation )NP (ADVP (ADVP as well )ADVP (SBAR as (S (NP the *UNK )NP (VP do (VP (PP in (NP their own words )NP )PP )VP )VP )S )SBAR )ADVP )VP )VP . )S  STOP
(S (NP (NP The composite *UNK )NP (SBAR (WHNP that )WHNP (S (VP *UNK )VP )S )SBAR )NP (VP is n't (PP of (NP (NP a *UNKED *UNK )NP (VP marking (NP time )NP (SBAR until (S (NP he )NP (VP can (VP land (NP a *UNK- pro contract )NP )VP )VP )S )SBAR )VP (PRN -- (S (NP he )NP (VP 's (NP (NP part )NP (PP of (NP a tiny minority )NP )PP )NP )VP )S )PRN )NP )PP )VP . )S  STOP
(S (ADVP Rather )ADVP , (NP it )NP (VP 's (PP of (NP (NP a *UNK )NP (PRN -LRB- (S (NP we )NP (VP 're (VP talking (PP about (NP (ADJP (QP 17 to 22 )QP year )ADJP *UNK )NP )PP (ADVP here )ADVP )VP )VP )S -RRB- )PRN (VP having (NP a tough time )NP (S (VP making (S (NP the best )NP (PP of (SBAR (WHNP what )WHNP (S (VP will (ADVP probably )ADVP (VP be (NP (NP his one shot )NP (PP at (NP college )NP )PP )NP )VP )VP )S )SBAR )PP )S )VP )S )VP )NP )PP )VP . )S  STOP
(S (NP (NP The *UNK question )NP , (VP coming (PP at (NP (NP the end )NP (PP of (NP a lengthy , *UNK *UNK )NP )PP )NP )PP )VP , )NP (VP was (NP (NP this )NP : `` (SQ (VP Are )VP (NP there )NP (NP (NP things )NP (PP about (NP your college life )NP )PP (SBAR (S (NP you )NP (VP would (VP like (S (VP to (VP tell (NP us )NP (NP (SBAR (WHNP that )WHNP (S (NP we )NP (VP did n't (VP ask (PP about )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )SBAR )NP )SQ ? '' )NP )VP )S  STOP
(S (S (PP Of (NP (NP the (QP almost 3,000 )QP *UNK )NP (VP surveyed )VP )NP )PP )S , (NP *UNKN )NP (VP took (NP (NP the time )NP (SBAR (S (VP to (VP respond )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP Here )NP (VP are (NP (NP a few )NP (PP of (NP their answers )NP )PP )NP )VP )S : -- (S (S `` (NP They )NP (VP say (SBAR that (S (NP I )NP (VP am (NP a *UNK- )NP )VP )S )SBAR )VP )S , but (S (ADVP really )ADVP (NP I )NP (VP 'm (NP an *UNK- )NP )VP )S )S . )S  STOP
(S (NP They )NP (VP *UNKED (PP to (NP me )NP )PP (PP on (NP the *UNKING trip )NP )PP )VP . )S  STOP
(S (NP Football )NP (VP is (NP (NP the No. 1 thing )NP (ADVP here )ADVP )NP )VP '' . )S  STOP
(NP -- *UNKC football player . )NP  STOP
(S -- `` (S (VP *UNKING (NP a *UNK- )NP (PP at (NP college )NP )PP )VP )S (VP is (ADJP (NP a lot )NP different (PP from (NP high school )NP )PP )ADJP )VP . )S  STOP
(S (ADVP First )ADVP , (S (NP (NP the sport )NP (SBAR (S (NP you )NP (VP play )VP )S )SBAR )NP (VP is (ADVP no longer )ADVP (NP a game )NP )VP )S -- (S (NP it )NP (VP becomes (NP a job )NP )VP )S . )S  STOP
(S (NP Your *UNK )NP (VP demand (NP a lot more )NP (PP out (PP of (NP you )NP )PP )PP (SBAR even though (S (NP (NP some )NP (PP of (NP them )NP )PP )NP (VP are not (ADJP willing (S (VP to (VP take (NP (NP the time )NP (SBAR (S (VP to (VP watch (NP you )NP (VP progress )VP )VP )VP )S )SBAR )NP )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP You )NP (VP become (ADJP *UNK )ADJP )VP . )S  STOP
(S (NP Your interest )NP (VP is not (VP taken (PP to (NP heart )NP )PP (SBAR because (S (NP people )NP (ADVP only )ADVP (VP care (PP about (NP your performance )NP )PP )VP )S )SBAR )VP )VP '' . )S  STOP
(NP -- *UNKC basketball player . )NP  STOP
(S -- `` (NP The *UNK )NP (VP should (VP (VP have (NP a more (ADJP personal and *UNK )ADJP attitude )NP (PP toward (NP the *UNK )NP )PP )VP -- (VP not treat (NP us )NP (PP like (NP (NP pieces )NP (PP of (NP *UNK )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (S (NP They )NP (ADVP always )ADVP (VP say (SBAR (S (VP to (VP get (NP a degree )NP (ADVP first )ADVP )VP )VP )S )SBAR )VP )S , but (S (NP they )NP (VP do n't (VP allow (NP us )NP (UCP (NP time )NP or (S (VP to (VP *UNK (NP practice )NP (S (VP to (VP study (PP for (NP a test )NP )PP )VP )VP )S )VP )VP )S )UCP )VP )VP )S . )S  STOP
(S (NP They )NP (ADVP just )ADVP (VP want (S (VP to (VP get (S (NP their job )NP (VP done )VP )S (PP at (NP (NP any cost )NP (PP to (NP the *UNK )NP )PP )NP )PP )VP )VP )S )VP '' . )S  STOP
(NP -- *UNKC football player . )NP  STOP
(S -- `` (NP (NP The pressure )NP (VP put (PP on (NP us )NP )PP (S (VP to (VP win (PP at (NP all times )NP )PP )VP )VP )S )VP )NP (VP has (VP resulted (PP in (NP (NP physical violence )NP , (PP such as (NP (NP *UNKING and *UNKING )NP (PP by (NP *UNK )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Some days )NP (NP the *UNK )NP (VP make (S (NP you )NP (VP feel (SBAR as though (S (NP you )NP (VP are (NP (NP part )NP (PP of (NP (NP a large *UNK )NP (PP of (NP animals )NP )PP )NP )PP )NP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (PP In (NP other words )NP )PP , (NP they )NP (VP treat (NP you )NP (PP like (NP (NP a piece )NP (PP of (NP meat )NP )PP )NP )PP )VP '' . )S  STOP
(NP -- *UNKC football player . )NP  STOP
(S -- `` (S (VP *UNKING (NP *UNK sports )NP )VP )S (VP does n't (VP give (NP you )NP (NP (NP a lot )NP (PP of (NP (NP time )NP (SBAR (S (VP to (VP spend (PP with (NP others )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP We )NP (VP are (ADVP almost )ADVP (VP left (PRT out )PRT (PP of (NP (PRN -LCB- (NP *UNK )NP -RCB- )PRN social activities )NP )PP )VP )VP . )S  STOP
(S (NP This )NP (ADVP mostly )ADVP (VP happens (SBAR because (S (NP we )NP (VP go (PP from (NP football )NP )PP (PP in (NP the fall )NP )PP (PP to (NP *UNKING )NP )PP (PP in (NP the winter )NP )PP (PP to (NP football )NP )PP (ADVP again )ADVP (PP in (NP the spring )NP )PP )VP )S )SBAR )VP '' . )S  STOP
(NP -- *UNKC football player . )NP  STOP
(S -- `` (NP You )NP (VP talk (PP about (NP (NP free time )NP -- (NP *UNK free time )NP )NP )PP )VP ? )S  STOP
(S (NP (NP Time )NP (SBAR (S (VP to (VP (VP *UNK )VP and (VP enjoy (NP ourselves )NP )VP )VP )VP )S )SBAR )NP (VP is (ADVP always )ADVP (VP taken (PRT up )PRT (PP by (NP (NP (NP something )NP (SBAR (S (VP to (VP do (PP with (NP football )NP )PP )VP )VP )S )SBAR )NP (PRN -LRB- (NP (NP meetings )NP , (S (VP *UNKING (NP *UNK )NP )VP )S , (NP *UNKING )NP or (NP films )NP )NP -RRB- )PRN )NP )PP )VP )VP . )S  STOP
(S (S (NP There )NP (VP is (NP no recovery period )NP )VP )S -- (S (NP it )NP (VP 's (S (VP go , go , go )VP )S )VP )S . )S  STOP
(S (NP (NP *UNKC )NP (PP to (NP our *UNK )NP )PP )NP (VP is (ADJP overwhelming )ADJP )VP . )S  STOP
(S (PP With (NP our schedule )NP )PP , (NP it )NP (VP 's (ADJP hard (S (VP to (VP *UNK (ADVP well )ADVP (S (VP knowing (SBAR (WHNP what )WHNP (S (VP is (VP going (S (VP to (VP happen (NP the next day )NP )VP )VP )S )VP )VP )S )SBAR )VP )S )VP )VP )S )ADJP )VP '' . )S  STOP
(NP -- *UNKC football player . )NP  STOP
(S -- `` (NP (NP *UNKC *UNK )NP and (NP *UNK )NP )NP (VP are (ADJP common )ADJP (PP (PP in (NP my life )NP )PP and (PP in (NP (NP some )NP (PP of (NP (NP my *UNK ' )NP lives )NP )PP )NP )PP )PP )VP '' . )S  STOP
(NP -- (NP Football player )NP , (NP class unspecified )NP . )NP  STOP
(S -- `` (ADVP More often (PP than not )PP )ADVP , (NP college athletes )NP (VP go (PP through (NP college )NP )PP (S (ADVP never )ADVP (VP (ADVP really )ADVP *UNKING (NP *UNK life )NP (PP to (NP the *UNK )NP )PP )VP )S )VP . )S  STOP
(S (NP One )NP (VP has (S (VP to (VP (VP establish (NP (NP one 's )NP own identity )NP (PP away (PP from (NP *UNK )NP )PP )PP )VP and (VP make (S (NP *UNK )NP (NP (NP only a part )NP , not (NP a whole )NP , (PP of (NP (NP the *UNK- 's )NP life )NP )PP )NP )S )VP )VP )VP )S )VP '' . )S  STOP
(NP -- *UNKC basketball player . )NP  STOP
(S -- `` (ADVP *UNKC )ADVP (PRN , (S and (NP I )NP (VP do n't (VP know (ADVP how )ADVP )VP )VP )S , )PRN (NP the game )NP (VP needs (S (VP to (VP be (VP played (PP (PP for (NP fun )NP )PP (ADVP again )ADVP , and not (PP for (NP (NP the big *UNK revenues )NP or (NP lucrative TV contracts )NP )NP )PP )PP )VP )VP )VP )S )VP '' . )S  STOP
(NP -- *UNKC football player . )NP  STOP
(S (NP There )NP (VP have (VP been (NP *UNK (SBAR that (S , (ADVP at long last )ADVP , (NP changes )NP (VP may (VP be (PP in (NP the works )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (S (NP (NP The *UNKC Foundation )NP , (PP of (NP (NP *UNKC )NP , (NP Ohio )NP )NP )PP , )NP (VP has (VP established (NP (NP a national commission )NP (SBAR (S (VP to (VP look (PP into (NP *UNK- reform )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S , and (S (NP the *UNKC *UNKC Commission )NP (NP earlier this month )NP (VP recommended (S (VP (VP cutting (NP spring football practice )NP (PP in (NP half )NP )PP )VP , (VP moving (NP (NP the start )NP (PP of (NP basketball practice )NP )PP )NP (ADVP back (PP by (NP a month )NP )PP )ADVP )VP and (VP reducing (NP (NP maximum schedules )NP (PP in (NP that sport )NP )PP )NP (PP to (NP 25 games )NP )PP (PP from (NP 28 )NP )PP )VP )VP )S )VP )S . )S  STOP
(S (NP (NP The key word )NP (PP in (NP that *UNK )NP )PP )NP , (ADVP though )ADVP , (VP is `` (NP may )NP )VP . '' )S  STOP
(S (S (NP *UNKC Executive Director Richard *UNKC )NP , (PP in (S (VP accepting (NP (NP a place )NP (PP on (NP the *UNKC Commission )NP )PP )NP )VP )S )PP , (VP (VP (VP urged (SBAR that (S (NP the panel )NP (VP take (NP a `` *UNKED '' view )NP )VP )S )SBAR )VP , (SBAR (WHNP which )WHNP (S (VP looks (PP for (NP all the world )NP )PP (PP like (NP (NP a plea )NP (SBAR (S (VP not to (VP rock (NP the *UNK )NP (ADVP too much )ADVP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP )VP )S , and (S (NP (NP the presidents ' )NP recommendations )NP (VP could (VP face (NP considerable opposition )NP (PP at (NP (NP (NP the *UNKC 's )NP full convention )NP (PP in (NP January )NP )PP , (SBAR (WHNP which )WHNP (S (VP will (VP vote (PP on (NP them )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S . )S  STOP
(S (NP I )NP (VP read (SBAR that (S (NP one *UNKED *UNK director )NP (VP predicted (SBAR that (S (NP the *UNK- proposal )NP (VP could (VP fail (PP because of (NP (ADJP `` real world '' )ADJP (PRN -LRB- *UNK , (ADJP economic )ADJP -RRB- )PRN considerations )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S But (NP the `` real world '' )NP (ADVP also )ADVP (VP includes (NP the *UNK truth (SBAR that (S (NP *UNK )NP (VP are (VP *UNKING (NP (NP the athletes )NP (SBAR (S (NP they )NP (VP have (VP *UNKED and won )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (SBAR If (S (NP they )NP (VP wo n't (VP change (NP their ways )NP (ADVP *UNKLY )ADVP )VP )VP )S )SBAR , (ADVP maybe )ADVP (NP (NP (NP somebody )NP (ADJP bigger )ADJP )NP (PRN -- (NP Congress )NP -- )PRN )NP (VP should (VP make (S (NP them )NP )S )VP )VP . )S  STOP
(S (NP They )NP (VP want (NP (NP *UNK- *UNK )NP (PP to (NP the *UNK *UNK )NP )PP )NP )VP . )S  STOP
(S (NP They )NP (VP want (NP a *UNK- *UNK )NP )VP . )S  STOP
(S And (PP like (NP college *UNK *UNK )NP )PP , (NP they )NP (VP are (VP talking (PP about (NP (NP a demonstration )NP -- (SBAR (WHADVP where )WHADVP (S (NP protesters )NP (VP would (VP (VP *UNK (ADVP quietly )ADVP (PP near (NP the science building )NP )PP )VP and (VP raise (NP their hands )NP , (NP *UNK style )NP )VP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP Such )NP (VP is (NP (NP the *UNK )NP (PP of (NP the *UNK )NP )PP (SBAR (WHNP that )WHNP (S (NP *UNKLY *UNK )NP (VP let (VP fly (PP at (NP (NP *UNK )NP (PP of (NP (NP Harvard University 's )NP (NP (NP (NP new Society )NP (PP of (NP *UNKC and *UNKC )NP )PP )NP , or (NP *UNKC )NP )NP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP are (ADJP (ADJP *UNK )ADJP (PP as (NP *UNK )NP )PP (PP about (NP *UNK *UNK- )NP )PP )ADJP )VP )S and (S (NP they )NP (VP are n't (VP going (S (VP to (VP take (NP it )NP (ADVP anymore )ADVP , (PP (ADVP at least )ADVP not without (S (VP trying (NP a few (ADJP really *UNK )ADJP ideas )NP (ADVP first )ADVP )VP )S )PP )VP )VP )S )VP )VP )S . )S  STOP
(S (S `` (S (NP We )NP (VP could (VP have (VP called (S (NP ourselves )NP (NP the *UNKC *UNKC Society )NP )S )VP )VP )VP )S , but (S (ADVP then )ADVP (NP everyone )NP (VP would (VP have (VP said , (S ` (INTJ *UNK )INTJ , (NP you )NP (VP mean (NP the *UNK- club )NP )VP , ' )S )VP )VP )VP )S '' )S (NP (NP *UNKC *UNKC )NP , (NP (NP *UNKC 's )NP *UNK- adviser )NP , )NP (VP told (NP (NP 19 *UNK )NP (PP at (NP (NP the club 's )NP *UNK meeting )NP )PP )NP (NP earlier this month )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP has (ADVP since )ADVP (VP *UNKED (PP to (NP (QP between 20 and 25 )QP )NP )PP )VP )VP . )S  STOP
(S (NP Some people )NP (VP may (VP think (PP of (NP *UNK )NP )PP (PP as (NP (NP *UNKING , *UNKLY *UNK individuals )NP (PP with (NP (NP (NP *UNK- *UNK )NP (PP for (NP their *UNK )NP )PP )NP and (NP (NP a *UNK )NP (PP with (NP (NP computers )NP and (NP (NP matters )NP (NP *UNK )NP )NP )NP )PP )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP , (PP by (NP (QP at least one )QP definition )NP )PP , (VP are (NP *UNKING *UNK *UNK )NP )VP . )S  STOP
(S But (NP (NP *UNKC founder *UNKC *UNKC )NP , (NP a Harvard *UNK )NP , )NP (VP thinks (PP of (NP *UNK and *UNK )NP )PP (PP (ADVP more )ADVP as (NP (NP `` *UNK , '' )NP (PP (ADVP *UNK )ADVP with (NP a *UNK *UNK )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP One )NP (PP of (NP (NP the group 's )NP first projects )NP )PP )NP (VP is (NP (NP a `` *UNK hot line '' )NP (SBAR (WHNP that )WHNP (S (NP students )NP (VP could (VP call (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP have (NP an urge (S (VP to (VP delay (S (VP studying )VP )S )VP )VP )S )NP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The club )NP (VP plans (S (VP to (VP show (NP (NP *UNK movies )NP , (PP such as (NP (NP `` (NP Real *UNKC )NP , '' (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP *UNK *UNK )NP (VP pop (NP corn )NP (PP with (NP *UNK )NP )PP )VP )S )SBAR )NP ; and (ADVP naturally )ADVP , (NP (NP (NP the `` *UNKC )NP (PP of (NP the *UNKC )NP )PP , '' )NP (NP (NP a tale )NP (PP of (NP (NP college *UNK )NP (PP with (NP (NP *UNK *UNK )NP and (NP *UNKING *UNK )NP )NP )PP )NP )PP )NP )NP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP One )NP (PP of (NP its `` more ambitious goals '' )NP )PP )NP (VP is (S (VP to (VP get (S (NP (NP *UNKC *UNKC )NP , (NP (NP the Los Angeles *UNK- *UNK *UNK )NP (VP featured (PP in (NP (NP the film )NP `` (S (VP *UNKC and *UNKC )VP )S , '' )NP )PP )VP )NP )NP (VP to (VP come (PP to (NP Harvard )NP )PP (PP for (NP a *UNK *UNK )NP )PP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP *UNKC and *UNK )NP (ADVP sometimes )ADVP (VP find (S (NP themselves )NP (ADJP (NP a bit )NP isolated )ADJP )S (PP at (NP Harvard )NP )PP )VP . )S  STOP
(S (ADVP So )ADVP (NP Mr. *UNKC )NP (VP says (SBAR (S (NP high priority )NP (VP is (VP being (VP given (PP to (S (VP creating (NP (NP a computerized *UNKING service )NP `` (SBAR (WHADVP where )WHADVP (S (PP instead of (S (VP being (VP matched (PP for (NP eye color )NP )PP )VP )VP )S )PP , (NP you )NP (VP could (VP be (VP matched (PP for (NP similar *UNK interests )NP )PP )VP )VP )VP )S )SBAR )NP )VP )S )PP )VP )VP )VP )S )SBAR )VP . '' )S  STOP
(PP For (NP instance )NP ? )PP  STOP
(S `` (S (NP I )NP (VP 'm (NP a *UNK major )NP )VP )S , but (S (NP I )NP (VP want (S (VP to (VP know (PP about (NP *UNK )NP )PP )VP )VP )S )VP )S . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP I )NP (VP 'd (VP find (NP (NP someone )NP (PP in (NP *UNK )NP )PP (SBAR (WHNP who )WHNP (S (VP wanted (S (VP to (VP know (NP (NP more )NP (PP about (NP *UNK )NP )PP )NP )VP )VP )S )VP )S )SBAR )NP )VP )VP . '' )S  STOP
(S (NP It )NP (VP could (VP work )VP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (VP finding (NP (NP a *UNK )NP (SBAR (S (VP to (VP write (NP the computer program )NP )VP )VP )S )SBAR )NP )VP (VP is n't (NP a problem )NP )VP . )S  STOP
(S (S (NP (NP *UNKC Savings Bank )NP (PP of (NP New York )NP )PP )NP (VP was (VP cleared (PP by (NP the Federal Deposit Insurance Corp. )NP )PP (S (VP to (VP acquire (NP (NP *UNKC Savings Bank )NP (PP of (NP (NP *UNKC )NP , (NP N.J. )NP , )NP )PP )NP )VP )VP )S )VP )VP )S (NP the banks )NP (VP said )VP . )S  STOP
(S (NP (NP *UNKC holders )NP , (SBAR (WHNP who )WHNP (S (VP approved (NP the plan )NP (NP last April )NP )VP )S )SBAR , )NP (VP will (VP receive (NP (NP (NP $ 21 )NP (PP in (NP cash )NP )PP (NP a share )NP )NP , or (NP a (QP total $ 63 million )QP )NP )NP )VP )VP . )S  STOP
(S (S (NP The *UNKC )NP (VP cleared (NP the move )NP (NP yesterday )NP )VP )S , and (S (NP the banks )NP (VP must (VP wait (NP (QP at least 30 )QP days )NP (PP before (S (VP closing (NP the purchase )NP )VP )S )PP )VP )VP )S . )S  STOP
(S (NP A closing date )NP (VP has n't (VP been (VP set )VP )VP )VP . )S  STOP
(S (NP *UNKC *UNKC Inc. directors )NP (VP authorized (NP (NP a *UNKN split )NP (PP of (NP (NP the common )NP , (ADVP payable (NP Dec. 7 )NP (PP to (NP (NP stock )NP (PP of (NP record )NP )PP (NP Nov. 22 )NP )NP )PP )ADVP )NP )PP )NP )VP . )S  STOP
(SINV (S (NP The split )NP (VP was (VP aimed (PP at (S (VP boosting (NP (NP the stock 's )NP liquidity )NP )VP )S )PP )VP )VP )S , (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP chairman )NP (PP of (NP (NP the (NAC (NP *UNKC )NP , (NP N.J. )NP , )NAC maker )NP (PP of (NP plastic film products )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (PP After (NP the split )NP )PP , (NP the company )NP (VP will (VP have (NP (NP (QP more than 4.7 million )QP shares )NP (ADJP outstanding )ADJP )NP )VP )VP . )S  STOP
(S (PP In (NP national over-the-counter trading )NP )PP (NP yesterday )NP , (NP *UNKC shares )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP down (NP 50 cents )NP )ADVP )VP . )S  STOP
(NP (NP *UNKC FEDERAL *UNKC & LOAN ASSOCIATION )NP (PRN -LRB- (NP (NP Edison )NP , (NP N.J. )NP )NP -RRB- )PRN -- )NP  STOP
(S (NP (NP Lawrence B. Seidman )NP , (NP 41 years old )NP , )NP (VP was (VP named (S (NP (NP chairman )NP (PP of (NP this savings and loan institution )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP He )NP (VP will (VP succeed (NP (NP Charles L. *UNKC )NP , (NP (NP chairman )NP and (NP chief executive officer )NP )NP , (SBAR (WHNP who )WHNP (S (VP retired (NP last month )NP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (VP conducting (NP (NP a search )NP (PP for (NP a chief executive )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Mr. Seidman )NP , (NP (NP a director )NP (PP of (NP *UNKC )NP )PP (PP since (NP July )NP )PP )NP , )NP (VP is (NP (NP general partner )NP (PP of (NP (NP Seidman Financial Associates )NP , (SBAR (WHNP which )WHNP (S (VP owns (NP (NP *UNKN % )NP (PP of (NP *UNKC )NP )PP )NP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP William J. *UNKC )NP (VP was (VP named (S (NP (NP senior vice president )NP , (NP (NP public affairs )NP and (NP advertising )NP )NP , (PP for (NP (NP this financial and travel services concern 's )NP American Express Bank Ltd. subsidiary )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (ADJP (NP 38 years )NP old )ADJP , )NP (ADVP previously )ADVP (VP was (NP (NP first vice president )NP , (NP (NP public affairs )NP and (NP advertising )NP )NP , (PP at (NP the banking unit )NP )PP )NP )VP . )S  STOP
(S (NP Environmental concerns )NP (VP are (VP beginning (S (VP to (VP have (NP (NP as much influence )NP (PP in (NP *UNK- spending plans )NP )PP (SBAR as (S (NP (NP the price )NP (PP of (NP crude )NP )PP )NP (VP does )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP In (NP (NP the wake )NP (PP of (NP (NP the Exxon *UNKC spill )NP (PP in (NP March )NP )PP )NP )PP )NP )PP , (NP new *UNK drilling *UNK )NP (VP are (VP (ADVP sharply )ADVP *UNKING (NP (NP exploration )NP (PP in (NP (NP promising locations )NP (UCP (ADVP *UNK )ADVP and (PP in (NP Alaska )NP )PP )UCP )NP )PP )NP )VP )VP . )S  STOP
(S (PP At (NP the same time )NP )PP , (NP (NP moves )NP (PP toward (NP tighter *UNK- standards )NP )PP )NP (VP are (VP *UNKING (NP (NP interest )NP (PP in (NP (NP *UNK or alternative *UNK )NP (SBAR (WHNP that )WHNP (S (VP do n't (VP *UNK (NP (NP as much )NP (PP as (NP (NP fuel )NP (VP *UNKED (PP from (NP (NP `` heavy '' *UNK )NP , (ADJP generally high (PP in (NP *UNK )NP )PP )ADJP )NP )PP )VP )NP )PP )NP )VP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (PP Over (NP the years )NP )PP , (NP (NP (NP the world 's )NP *UNK )NP (PP of (NP oil )NP )PP )NP (VP has (VP been (VP growing (ADVP *UNK )ADVP )VP )VP )VP . )S  STOP
(S (ADVP So )ADVP (NP (NP the *UNK )NP )NP (VP is (ADVP on )ADVP (PP (PP for (NP *UNK *UNK )NP (ADVP *UNKLY )ADVP )PP , and (PP for (NP natural gas )NP (PP in (NP the U.S. )NP )PP )PP )PP )VP . )S  STOP
(S (ADVP Recently )ADVP (NP (NP (NP Saudi *UNKC )NP and (NP *UNKC )NP )NP , (NP traditional *UNK- producers )NP , )NP (VP have (VP *UNKED (PP of (NP (NP new finds )NP (PP of (NP light , *UNK- oil )NP )PP (PP by (NP their national oil companies )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Venezuela )NP (VP has (ADVP also )ADVP (VP *UNKED (NP (NP (QP $ 200 million )QP )NP (PP in (NP new money )NP )PP )NP (PP for (NP *UNK- exploration )NP )PP )VP )VP . )S  STOP
(S And (NP some oil companies )NP (VP are (VP trying (S (VP to (VP lock (PRT in )PRT (NP future supplies )NP )VP )VP )S )VP )VP . )S  STOP
(SINV (ADJP Typical )ADJP (VP is )VP (NP (NP *UNKC *UNKC *UNKC )NP , (NP (NP Italy 's )NP state-owned energy company )NP , (SBAR (WHNP which )WHNP (S (VP (ADVP (NP not long )NP ago )ADVP acquired (PP through (NP its *UNKC oil subsidiary )NP )PP (NP (NP a (ADJP 5 % )ADJP share )NP (PP in (NP the consortium accounting )NP )PP (PP for (NP (NP half )NP (PP of (NP (NP *UNKC 's )NP oil output )NP )PP )NP )PP )NP )VP )S )SBAR )NP . )SINV  STOP
(S (NP *UNKC )NP (ADVP already )ADVP (VP has (NP an oil stake )NP (PP in (NP *UNKC )NP )PP )VP . )S  STOP
(S (NP Both countries )NP (VP produce (NP (NP high-quality , *UNK- *UNK )NP (VP (ADVP especially )ADVP *UNKED (PP to (S (VP making (NP *UNK- motor fuel )NP (PP at (NP minimum refining cost )NP )PP )VP )S )PP )VP )NP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP *UNKC chairman )NP , )NP (VP looks (PP for (NP (NP (NP sweeping structural change )NP (PP in (NP the oil industry )NP )PP )NP (PRN -- (S (NP he )NP (VP calls (S (NP it )NP (NP (NP a `` revolution '' )NP (VP requiring (NP huge investments )NP )VP )NP )S )VP )S -- )PRN )NP )PP (PP as (NP (NP a result )NP (PP of (NP environmental issues )NP )PP )NP )PP )VP . )S  STOP
(S (NP He )NP (VP made (NP a special trip )NP (S (VP to (VP examine (NP U.S. environmental trends )NP )VP )VP )S (SBAR because (S (NP they )NP (VP are (ADVP often )ADVP (VP followed (PP in (NP Europe )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP *UNKC )NP (VP needs (S (VP to (VP know (SBAR (WHNP what )WHNP (S (VP 's (VP coming )VP )VP )S )SBAR (SBAR as (S (NP it )NP (VP *UNK (S (VP to (VP spend (NP (QP some $ 1.3 billion )QP )NP (PP on (S (VP *UNKING (NP its *UNK )NP )VP )S )PP )VP )VP )S )VP )S )SBAR )VP )VP )S )VP )S , (NP he )NP (VP says )VP . )S  STOP
(SINV (S (NP Oil companies )NP (ADVP world-wide )ADVP (VP will (VP have (S `` (VP to (VP spend (NP (NP a lot )NP (PP of (NP money )NP )PP )NP (PP for (NP (NP the *UNK *UNK )NP (SBAR (WHNP that )WHNP (S (VP will (VP be (VP required )VP )VP )VP )S )SBAR )NP )PP )VP )VP , '' )S )VP )VP )S (VP says )VP (NP (NP John H. *UNKC )NP , (NP (NP the president )NP (PP of (NP the Petroleum Industry Research Foundation )NP )PP )NP )NP . )SINV  STOP
(S (NP It )NP (VP will (VP go (PP for (NP (NP work )NP (VP ranging (PP (PP from (NP refinery *UNK )NP )PP (PP to (NP (NP (NP changes )NP (PP in (NP the distribution system )NP )PP )NP , (PP including (NP (NP the way )NP (SBAR (S (NP service stations )NP (VP pump (NP fuel )NP (PP into (NP cars )NP )PP )VP )S )SBAR )NP )PP )NP )PP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP the U.S. )NP )PP , (NP (NP the search )NP (PP for (NP oil )NP )PP )NP (VP had (VP been (VP headed (PP toward (NP (NP (ADJP *UNKLY sensitive )ADJP areas )NP (VP believed (S (VP to (VP have (NP vast reserves )NP )VP )VP )S )VP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP (NP Alaska 's )NP *UNKC National *UNKC *UNKC )NP (ADVP alone )ADVP )NP (VP is (VP thought (S (VP to (VP *UNK (NP (NP (QP more than three billion )QP barrels )NP (PP of (NP oil )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP Until (NP the *UNK spill )NP )PP , (NP Big Oil )NP (VP was (VP (ADVP slowly )ADVP *UNKING (NP authorities )NP (SBAR (S (NP it )NP (VP could (VP (ADVP *UNKLY )ADVP produce (PP from (NP such places )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP Now )ADVP (NP the *UNK *UNK )NP (VP has (VP been (VP closed (PP to (NP the industry )NP )PP , (PP (ADVP possibly )ADVP for (NP years )NP )PP )VP )VP )VP . )S  STOP
(S (ADVP Similarly )ADVP , (NP (NP a group )NP (PP of (NP companies )NP )PP (VP led (PP by (NP Chevron Corp. )NP )PP )VP )NP (VP has (VP been unable (S (VP to (VP pump (NP (NP oil )NP (VP found (PP off (NP the California coast )NP )PP (PP in (NP the early 1980s )NP )PP )VP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP A huge production system )NP (VP built (UCP (PP in (NP (NP the sea )NP (PP off (NP Santa Barbara )NP )PP )NP )PP and (ADVP *UNK )ADVP )UCP )VP )NP (VP is (VP sitting (ADJP idle )ADJP )VP )VP . )S  STOP
(S But (NP (NP the push )NP (PP for (NP *UNK fuels )NP )PP )NP (VP is (VP increasing (NP (NP the *UNK )NP (PP of (NP natural gas )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP (QP More than half )QP the domestic drilling )NP (PP (ADVP now )ADVP under (NP way )NP )PP )NP (VP is (PP for (NP gas )NP )PP , (PP (ADVP partly )ADVP on (NP the assumption (SBAR that (S (NP (NP demand )NP )NP (VP will (VP rise (PP for (NP (NP a fuel )NP (SBAR (WHNP that )WHNP (S (VP is (ADJP (ADJP *UNK (S (VP to (VP *UNK )VP )VP )S )ADJP (PP than (NP either oil or coal )NP )PP )ADJP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Activity )NP (VP has (VP revived (PP in (NP (NP the largest U.S. *UNKING regions )NP , (PP such as (NP (NP the Gulf )NP (PP of (NP Mexico )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Santa Fe International Corp. )NP , (SBAR (WHNP which )WHNP (S (S (VP is (VP owned (PP by (NP *UNKC )NP )PP )VP )VP )S (PRN -LRB- and (S (VP is n't (VP related (PP to (NP (NP Santa Fe Southern Pacific 's )NP unit )NP )PP )VP )VP )S -RRB- )PRN )S )SBAR , )NP (VP is (VP *UNKING (PRT up )PRT (NP (NP development )NP (PP of (NP (NP a well )NP (PP off (NP (NP (NP Texas ' )NP *UNKC Island )NP (SBAR (WHADVP where )WHADVP (S (NP it )NP (VP found (NP gas )NP (PP in (NP 1987 )NP )PP )VP )S )SBAR )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(SINV (S `` (S (NP We )NP (VP could (VP have (VP sat (PP on (NP it )NP )PP (ADVP longer )ADVP )VP )VP )VP )S , but (S (NP the *UNK )NP (VP is (S (VP to (VP get (NP the gas )NP (PP to (NP the marketplace )NP )PP )VP )VP )S )VP )S , '' )S (VP says )VP (NP (NP Richard *UNKC )NP , (NP (NP senior *UNK )NP (PP for (NP Santa Fe International )NP )PP )NP )NP . )SINV  STOP
(S `` (NP We )NP (VP 're (VP trying (S (VP to (VP get (S (NP it )NP (PP on (NP line )NP )PP )S (ADVP as soon (PP as possible )PP )ADVP (NP now )NP )VP )VP )S )VP )VP . '' )S  STOP
(S (NP This month )NP , (NP Exxon Corp. )NP (VP announced (NP (NP plans )NP (PP for (NP (NP (NP a *UNK- project )NP (VP drilling (PP for (NP gas )NP )PP (ADVP (NP about five miles )NP *UNK )ADVP (PP in (NP (NP the *UNKC *UNKC )NP (PP of (NP western Oklahoma )NP )PP )NP )PP )VP )NP -- (NP (NP the *UNK drilling project )NP (PP in (NP the U.S. )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (NP Exxon )NP (VP will (VP use (NP (NP a Parker Drilling Co. *UNK )NP (VP built (PP in (NP 1981 )NP )PP )VP (SBAR (WHNP that )WHNP (S (VP can (VP go (PP down (NP (QP 9 1\/2 )QP miles )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (SBAR As (S (NP the Soviet Union )NP (VP *UNK (PP with (NP its *UNKING economy )NP )PP )VP )S )SBAR , (NP leading *UNK )NP (VP have (VP drawn (PRT up )PRT (NP (NP a *UNK )NP (PP for (NP change )NP )PP (VP designed (S (VP to (VP push (NP the nation )NP (ADVP (ADVP much closer )ADVP (PP to (NP a free-market system )NP )PP )ADVP )VP )VP )S )VP )NP )VP )VP . )S  STOP
(S (NP The proposals )NP (VP go (PP (ADVP far )ADVP beyond (NP (NP the (ADJP (ADJP current )ADJP and (ADJP rather *UNKED )ADJP )ADJP policies )NP (PP of (NP (NP perestroika )NP , (NP (NP (NP Mikhail Gorbachev 's )NP restructuring )NP (PP of (NP the economy )NP )PP )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP They )NP (VP lay (PRT out )PRT (NP (NP a clear timetable and *UNK )NP (PP for (S (VP *UNKING (NP (NP the system )NP (PP of (S (VP (VP setting (NP prices )NP )VP , (VP breaking (PRT up )PRT (NP huge industrial *UNK )NP )VP and (VP putting (NP *UNK state-owned companies )NP (PP out (PP of (NP business )NP )PP )PP )VP )VP )S )PP )NP )VP )S )PP )NP )VP . )S  STOP
(S (NP They )NP (ADVP also )ADVP (VP (VP address (NP (NP such *UNK subjects )NP (PP as (NP (NP the *UNK )NP (PP of (NP (NP unemployment )NP and (NP high inflation )NP )NP )PP )NP )PP )NP )VP , and (VP recommend (NP (NP ways )NP (SBAR (S (VP to (VP *UNK (NP the social consequences )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (SBAR While (S (NP (NP many solutions )NP (PP to (NP (NP the nation 's )NP economic troubles )NP )PP )NP (VP are (VP being (VP discussed )VP )VP )VP )S )SBAR , (NP the *UNK )NP (VP is (VP attracting (NP widespread attention )NP (NP here )NP (PP because of (NP (NP its *UNK )NP and (NP *UNKED *UNK- *UNK )NP )NP )PP )VP )VP . )S  STOP
(S (SBAR Although (S (NP it )NP (VP was (VP published (S (ADJP *UNKED )ADJP )S (PP in (NP (NP the latest edition )NP (PP of (NP the weekly *UNKC *UNKC )NP )PP )NP )PP )VP )VP )S )SBAR , (NP Soviet sources )NP (VP say (SBAR (S (NP the article )NP (VP was (VP written (PP by (NP (NP *UNKC *UNKC )NP and (NP (NP a small group )NP (PP of (NP colleagues )NP )PP )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (NP (NP head )NP (PP of (NP (NP the (NP (NP *UNKC )NP (PP of (NP Science )NP )PP 's )NP Institute )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP , )NP (VP was (ADVP recently )ADVP (VP appointed (S (NP (NP (NP deputy chairman )NP (PP of (NP the Soviet government )NP )PP )NP and (NP (NP head )NP (PP of (NP (NP a state commission )NP (PP on (NP economic reform )NP )PP )NP )PP )NP )NP )S )VP )VP . )S  STOP
(SINV (S `` (NP It )NP (VP 's (ADVP clearly )ADVP (NP (NP a *UNK )NP (PP for (NP (NP the next stage )NP (PP of (NP perestroika )NP )PP )NP )PP )NP )VP , '' )S (VP said )VP (NP one analyst )NP . )SINV  STOP
(S (NP (NP The economic ideas )NP (PP in (NP the document )NP )PP )NP (VP are (ADJP (ADJP much *UNK )ADJP (PP than (NP current policies )NP )PP )ADJP )VP . )S  STOP
(S (PP For (NP example )NP )PP , (NP (NP (NP the proposed overhaul )NP (PP of (NP prices )NP )PP )NP (PRN -- (NP an (ADJP extremely sensitive )ADJP political topic )NP -- )PRN )NP (VP is (ADJP (ADJP far more *UNK )ADJP (PP than (NP (NP the *UNK plans )NP (VP (VP announced (PP by (NP Mr. Gorbachev )NP )PP (PP in (NP 1987 )NP )PP )VP and (VP (ADVP later )ADVP dropped )VP )VP )NP )PP )ADJP )VP . )S  STOP
(S But (NP the proposals )NP (ADVP also )ADVP (VP display (NP political *UNK )NP , (S (VP *UNKING (NP (NP some )NP (PP of (NP the (ADJP most controversial )ADJP ideas )NP )PP )NP (PP in (NP cautious language )NP )PP (SBAR so as not (S (VP to (VP *UNK (NP (NP powerful conservatives )NP (PP in (NP the government )NP )PP (SBAR (WHNP who )WHNP (S (VP stand (S (VP to (VP lose (PRT out )PRT (SBAR if (S (NP they )NP (VP are (VP *UNKED )VP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (S (VP *UNKING (NP (NP a middle path )NP (PP between (NP (NP (NP opponents )NP (PP of (NP change )NP )PP )NP and (NP (NP *UNK )NP (SBAR (WHNP who )WHNP (S (VP demand (NP overnight solutions )NP )VP )S )SBAR )NP )NP )PP )NP )VP )S , (NP the article )NP (VP advocates (SBAR (WHNP what )WHNP (S (NP it )NP (VP calls (S (NP a `` *UNK- approach )NP )S )VP )S )SBAR )VP . '' )S  STOP
(S (NP The document )NP (VP (VP is (S (VP to (VP be (VP discussed (PP at (NP (NP a conference )NP (PP of (NP leading economists )NP )PP )NP )PP (NP late this month )NP )VP )VP )VP )S )VP , and (VP will (ADVP probably )ADVP (VP be (VP presented (PP to (NP the Soviet Parliament )NP )PP (PP for (NP consideration )NP )PP (NP this year )NP )VP )VP )VP )VP . )S  STOP
(S (SBAR As (S (NP *UNK- )NP (VP draw (PRT up )PRT (NP (NP proposals )NP (PP for (NP (NP the next five-year plan )NP , (SBAR (WHNP which )WHNP (S (VP starts (PP in (NP 1991 )NP )PP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR , (NP the *UNK )NP (VP represents (NP (NP a powerful first shot )NP (PP in (SBAR (WHNP what )WHNP (S (VP is (ADJP likely (S (VP to (VP be (NP (NP a *UNK battle )NP (PP over (NP economic reform )NP )PP )NP )VP )VP )S )ADJP )VP )S )SBAR )PP )NP )VP . )S  STOP
(S (NP The authors )NP (VP (VP make (NP (NP a *UNK assessment )NP (PP of (NP the economy )NP )PP )NP )VP and (VP concede (SBAR that (S `` (NP (NP quick and easy *UNK )NP (PP to (NP success )NP )PP )NP (ADVP simply )ADVP (VP do n't (VP exist )VP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (ADVP Instead )ADVP , (NP they )NP (VP *UNK (PRT out )PRT (NP (NP a strategy )NP (PP in (NP several *UNK )NP )PP )NP (PP (PP from (NP now )NP )PP (PP until (NP 1995 )NP )PP )PP )VP . )S  STOP
(S (NP (NP Most )NP (PP of (NP the measures )NP )PP )NP (VP would (ADVP probably )ADVP (VP (ADVP only )ADVP start (S (VP to (VP have (NP an effect )NP (PP on (NP *UNKED Soviet consumers )NP )PP (PP in (NP (QP two to three )QP years )NP )PP (PP at (NP the *UNK )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The key steps )NP (VP *UNKED )VP )NP (VP include : -- (NP *UNKC )NP )VP . )S  STOP
(S (NP (NP *UNKC *UNK restrictions )NP (PP on (NP property ownership )NP )PP )NP (VP should (VP be (VP abandoned )VP )VP )VP . )S  STOP
(S (NP The document )NP (VP proposes (S (VP (VP breaking (PRT up )PRT (NP (NP the *UNK system )NP (PP of (NP state-owned enterprises and farms )NP )PP )NP )VP and (VP allowing (S (NP a big private sector )NP (VP to (VP *UNK , (S (VP helped (PP by (NP tough *UNKLY legislation )NP )PP )VP )S )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP The economy )NP (VP would (VP be (VP *UNK (ADJP open )ADJP (PP to (NP (NP (NP numerous types )NP (PP of (NP ownership )NP )PP )NP )NP )PP (PP between (NP now and 1992 )NP )PP , (PP including (NP (NP factories )NP (VP (VP *UNKED (PP by (NP workers )NP )PP )VP or (VP owned (PP by (NP (NP shareholders )NP , (NP cooperatives )NP and (NP joint ventures )NP )NP )PP )VP )VP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP Some forms )NP (PP of (NP private property )NP )PP )NP (VP would (VP be (VP *UNKED )VP )VP )VP . )S  STOP
(S (NP Such moves )NP (VP would (VP (ADVP greatly )ADVP reduce (NP (NP the power )NP (PP of (NP (NP government *UNK )NP , (SBAR (WHNP who )WHNP (S (ADVP now )ADVP (VP (VP (ADVP *UNKLY )ADVP guard (NP their *UNK )NP )VP and (VP are (VP seen (PP as (NP (NP one )NP (PP of (NP (NP the major obstacles )NP (VP blocking (NP economic reform )NP )VP )NP )PP )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(NP -- *UNKC . )NP  STOP
(S (NP *UNKC measures )NP (VP would (VP be (VP introduced (S (VP to (VP ease (NP (NP (NP the country 's )NP financial crisis )NP , (NP (ADVP notably )ADVP its (ADJP (QP $ 200 billion )QP )ADJP budget deficit )NP )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (PP By (NP (NP the end )NP (PP of (NP next year )NP )PP )NP )PP , (NP all *UNKING state enterprises )NP (VP would (VP be (VP (VP put (PP out (PP of (NP business )NP )PP )PP )VP or (VP handed (PRT over )PRT (PP to (NP (NP workers )NP (SBAR (WHNP who )WHNP (S (VP would (VP (VP buy or lease (NP them )NP )VP or (VP turn (NP them )NP (PP into (NP cooperatives )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )VP )VP )VP . )S  STOP
(S (NP *UNKC steps )NP (VP would (VP be (VP taken (S (VP to (VP *UNK (NP *UNK (UCP state and collective )UCP farms )NP (PP by (NP (NP the end )NP (PP of (NP 1991 )NP )PP )NP )PP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP (NP A unified system )NP (PP of (NP *UNK )NP )PP )NP (VP should (VP be (VP introduced (ADVP rapidly )ADVP )VP )VP )VP . )S  STOP
(S (S (VP To (VP *UNK (PRT up )PRT (NP (NP some )NP (PP of (NP (NP the (QP 300 billion )QP rubles )NP (PP in (NP circulation )NP )PP )NP )PP )NP )VP )VP )S , (NP the government )NP (VP should (VP encourage (NP home ownership )NP , (PP including (S (VP issuing (NP (NP bonds )NP (SBAR (WHNP that )WHNP (S (VP guarantee (NP holders )NP (NP the right (S (VP to (VP purchase (NP an apartment )NP )VP )VP )S )NP )VP )S )SBAR )NP )VP )S )PP )VP )VP . )S  STOP
(NP -- *UNKC . )NP  STOP
(S (NP (NP A genuine market )NP (PP for (NP labor and wages )NP )PP )NP (VP would (VP replace (NP the present rigid , *UNKED system )NP )VP )VP . )S  STOP
(S (S (VP *UNKING (PP from (NP (NP decades )NP (PP of (NP Soviet *UNK )NP )PP )NP )PP )VP )S , (NP the new system )NP (VP would (VP lead (PP (PP to (NP (NP big differences )NP (PP in (NP pay )NP )PP (PP between (NP workers )NP )PP )NP )PP and (PP (ADVP almost certainly )ADVP to (NP unemployment )NP )PP )PP )VP )VP . )S  STOP
(S (S (VP To (VP *UNK (NP the *UNK )NP )VP )VP )S , (NP the government )NP (VP would (VP introduce (NP (NP a minimum wage )NP and (NP unemployment benefits )NP )NP )VP )VP . )S  STOP
(NP -- *UNKC . )NP  STOP
(S (S (NP (NP The entire system )NP (PP of (NP (ADJP *UNKLY set )ADJP prices )NP )PP )NP (VP would (VP be (VP *UNKED )VP )VP )VP )S , and (S (NP free-market prices )NP (VP introduced )VP )S (PP for (NP (NP most wholesale trade )NP and (NP some retail trade )NP )NP )PP . )S  STOP
(S (S (NP Consumers )NP (VP would (ADVP still )ADVP (VP be (ADJP able (S (VP to (VP buy (NP some food and household goods )NP (PP at (NP subsidized prices )NP )PP )VP )VP )S )ADJP )VP )VP )S , but (S (NP (NP luxury and imported items )NP , (PP including (NP food )NP )PP , )NP (VP would (VP be (VP sold (PP at (NP market prices )NP )PP )VP )VP )VP )S . )S  STOP
(S (NP *UNKC prices )NP (VP would (VP be (VP divided (PP into (NP (NP three categories )NP : (NP (NP (NP raw materials )NP (VP sold (PP at (NP (NP fixed prices )NP (ADJP close (PP to (NP world levels )NP )PP )ADJP )NP )PP )VP )NP ; (NP (NP *UNK- *UNK prices )NP (PP for (NP (NP a small number )NP (PP of (NP key products )NP )PP )NP )PP )NP ; and (NP (NP free prices )NP (PP for (NP everything else )NP )PP (S (VP to (VP be (VP determined (PP by (NP (NP contracts )NP (PP between (NP suppliers and purchasers )NP )PP )NP )PP )VP )VP )VP )S )NP )NP )NP )PP )VP )VP )VP . )S  STOP
(S (NP *UNKED social benefits )NP (VP would (VP ensure (SBAR that (S (NP the poor and elderly )NP (VP do n't (VP suffer (ADVP *UNKLY )ADVP )VP )VP )S )SBAR )VP )VP . )S  STOP
(NP -- FOREIGN *UNKC . )NP  STOP
(S (NP (NP The current *UNK and *UNK )NP (PP of (NP foreign trade )NP )PP )NP (VP would (VP be (VP taken (ADVP much further )ADVP )VP )VP )VP . )S  STOP
(S (NP Soviet companies )NP (VP (VP would (VP face (NP (NP fewer obstacles )NP (PP for (NP exports )NP )PP )NP )VP )VP and (VP could (VP (ADVP even )ADVP invest (NP their hard currency )NP (ADVP abroad )ADVP )VP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP would (VP receive (NP greater incentives (S (VP to (VP invest (PP in (NP the U.S.S.R. )NP )PP )VP )VP )S )NP )VP )VP )S  STOP
(S (PP *UNKC (NP the current *UNK- *UNK )NP )PP , (NP (NP a second currency )NP )NP (VP would (VP be (VP introduced (SBAR (WHNP that )WHNP (S (VP could (VP be (VP (ADVP freely )ADVP *UNKED (PP for (NP (NP dollars )NP and (NP other Western currencies )NP )NP )PP )VP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP A domestic foreign exchange market )NP (VP would (VP be (VP set (PRT up )PRT (PP as (NP (NP part )NP (PP of (NP (NP an overhaul )NP (PP of (NP (NP the nation 's )NP banking system )NP )PP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP The *UNK )NP (VP is (PP at (NP its *UNK )NP )PP (SBAR (WHADVP when )WHADVP (S (VP referring (PP to (NP (NP the fate )NP (PP of (NP (NP (NP the two powerful economic institutions )NP (SBAR (WHNP that )WHNP (S (VP seem (ADVP likely (S (VP to (VP oppose (NP such sweeping plans )NP )VP )VP )S )ADVP )VP )S )SBAR )NP : (NP (NP (NP the State *UNKING Committee )NP , (VP known (PP as (NP *UNKC )NP )PP )VP )NP , and (NP (NP (NP the State Committee )NP (PP for (NP *UNKC *UNKLY )NP )PP )NP , or (NP *UNKC )NP )NP )NP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S But (NP it )NP (VP *UNK (ADVP strongly )ADVP (SBAR that (S (NP both organizations )NP (VP would (VP (ADVP increasingly )ADVP lose (NP their clout )NP (SBAR as (S (NP (NP the changes )NP , (NP (ADVP particularly )ADVP (NP (NP the introduction )NP (PP of (NP wholesale trade )NP )PP )NP and (NP (NP the breakup )NP (PP of (NP state *UNK )NP )PP )NP )NP , )NP (VP take (NP effect )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (S (S (ADJP *UNKC , *UNKING and *UNKC )ADJP )S (NP I )NP (ADVP always )ADVP (VP lift (NP the *UNK )NP (SBAR (WHADVP When )WHADVP (S (NP my car )NP (VP does n't (VP start )VP )VP )S )SBAR )VP )S ; (S (SBAR If (S (NP (NP *UNK )NP (PP at (NP home )NP )PP )NP (VP do n't (VP work )VP )VP )S )SBAR (NP I )NP (VP (ADVP *UNKLY )ADVP take (NP them )NP (ADVP apart )ADVP )VP )S . )S  STOP
(S (S (NP I )NP (VP 'll (VP admit (SBAR (S (NP there )NP (VP 's (NP (NP nothing )NP (ADJP wrong )ADJP (SBAR (WHNP That )WHNP (S (NP I )NP (ADVP ever )ADVP (VP do (VP find )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP )S , But (S (NP (NP it )NP )NP (VP 's (ADJP nice )ADJP (SBAR (WHADVP when )WHADVP (S (NP people )NP (VP say (SBAR (S (NP I )NP (VP appear (ADJP *UNKLY inclined )ADJP )VP )S )SBAR )VP )S )SBAR )VP )S . )S  STOP
(NP -- *UNKC *UNKC . )NP  STOP
(NP *UNKC *UNKC )NP  STOP
(S (PP At (NP the movies )NP )PP (NP today )NP (PP In (NP detail )NP )PP (NP you )NP (VP see (SBAR (WHNP What )WHNP (S (NP the *UNK )NP (VP would n't (VP show (PP In (NP *UNKC Three )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(NP -- Robert *UNKC . )NP  STOP
(NP *UNKC *UNKC )NP  STOP
(S (S (VP Do n't (VP worry )VP )VP )S ; (S (NP people )NP (VP will (VP learn (S (VP to (VP read (ADVP (ADVP as long )ADVP (SBAR as (S (NP there )NP (VP are (NP TV program *UNK )NP )VP )S )SBAR )ADVP )VP )VP )S )VP )VP )S . )S  STOP
(NP -- John *UNKED . )NP  STOP
(S (NP (NP Albert Engelken )NP and (NP Robert Thomson )NP )NP (VP had (ADVP never )ADVP (VP met , (SBAR though (S (PP for (NP 38 years )NP )PP (NP their lives )NP (VP had (VP been (VP *UNKED (PP in (NP (NP a way )NP (ADJP *UNK (PP to (NP the sports world )NP )PP )ADJP )NP )PP )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP (NP Mr. Engelken )NP , (NP (ADVP now )ADVP (NP a *UNK- executive )NP (PP in (NP (NP Washington )NP , (NP D.C. )NP )NP )PP )NP , )NP and (NP (NP Mr. Thomson )NP , (NP (NP a *UNK- salesman )NP (PP in (NP (NP *UNKC )NP , (NP N.J. )NP )NP )PP )NP )NP , )NP (VP had n't (VP (ADVP even )ADVP talked (PP to (NP each other )NP )PP )VP )VP . )S  STOP
(S But (NP one recent day )NP , (NP they )NP (VP became (ADJP much closer )ADJP )VP . )S  STOP
(S (NP (NP Mr. Engelken )NP , (NP a *UNK baseball *UNK )NP , )NP (VP *UNK (PP over (NP the sports pages )NP )PP (S (VP to (VP *UNK (NP (NP the *UNK )NP (PP of (NP `` my favorite and *UNK- teams and players )NP )PP )NP )VP )VP )S )VP . '' )S  STOP
(S (NP He )NP (ADVP often )ADVP (VP *UNK (PRN , (S (NP he )NP (VP says )VP )S , )PRN (PP at (NP (NP the `` *UNK '' )NP (PP of (NP (NP sports stories )NP (PP about (NP (NP drugs )NP , (NP *UNK )NP , (NP gambling )NP and (NP (NP (NP some player 's )NP *UNK )NP `` (PP about (NP (NP the *UNKLY millions )NP (SBAR (S (NP he )NP (VP is (VP offered (S (VP to (VP play (NP the game )NP )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP )NP )PP )NP )PP )NP )PP )VP . '' )S  STOP
(S (NP (NP His morning paper )NP , (NP the Washington *UNKC )NP , )NP (VP (ADVP even )ADVP carries (NP (NP a sports column )NP (VP called (S (NP `` *UNKC '' )NP )S )VP (SBAR (WHNP that )WHNP (S (VP *UNK (NP (NP the latest *UNK and *UNK )NP (PP of (NP (NP players )NP and (NP team managers )NP )NP )PP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP Like (NP many sports *UNK )NP )PP , (NP Mr. Engelken )NP (VP has (VP turned (ADJP *UNK )ADJP )VP )VP . )S  STOP
(S But (NP his )NP (VP is (NP (NP a story )NP (PP (PP about (NP (NP a *UNK )NP (PP in (NP (NP an era )NP (PP of (NP sports *UNK- )NP )PP )NP )PP )NP )PP , and (PP about (SBAR (WHNP what )WHNP (S (NP *UNKC Ruth )NP (PRN , (S (NP Mr. Engelken )NP (VP *UNK (NP us )NP )VP )S , )PRN (ADVP once )ADVP (VP called (S `` (NP (NP the only real game )NP (PP in (NP the world )NP )PP )NP )S )VP )S )SBAR )PP )PP )NP )VP . '' )S  STOP
(S (PP To (NP Mr. Engelken )NP )PP , (NP it )NP (VP is (ADVP also )ADVP (NP (NP a story )NP `` (PP about (NP love )NP )PP )NP , (SBAR because (S (NP I )NP (VP 'm (ADJP *UNKED (S (VP to (VP have (NP (NP a wife )NP (SBAR (WHNP who )WHNP (S (VP (ADVP still )ADVP thinks (SBAR (S (NP (NP her (ADJP slightly *UNK )ADJP husband 's )NP *UNK *UNK )NP (VP *UNK (NP the ultimate present )NP )VP )S )SBAR )VP )S )SBAR )NP )VP )VP )S )ADJP )VP )S )SBAR )VP . '' )S  STOP
(S (S (VP To (VP understand (SBAR (WHNP what )WHNP (S (NP Mr. Engelken )NP (VP means )VP )S )SBAR )VP )VP )S , (NP one )NP (VP must (VP go (ADVP back )ADVP (PP to (NP (NP a *UNK October afternoon )NP (PP in (NP *UNKN )NP )PP (PP at (NP (NP (NP New York 's )NP *UNKC *UNKC stadium )NP , (SBAR (WHADVP where )WHADVP (S (PRN , (S (NP it )NP (VP can (VP be (VP argued )VP )VP )VP )S , )PRN (NP (NP the (ADJP most dramatic )ADJP moment )NP (PP in (NP baseball history )NP )PP )NP (VP was (VP played (PRT out )PRT )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP It )NP (VP was (NP (NP the *UNK *UNKING )NP (PP of (NP (NP the third game )NP (PP of (NP (NP a *UNK- *UNK )NP (PP between (NP (NP the Brooklyn *UNKC )NP and (NP (NP the New York Giants )NP (PRN -LRB- (NP (NP the predecessor )NP (PP to (NP (NP the San Francisco Giants )NP (VP scheduled (S (VP to (VP play (PP in (NP (NP tonight 's )NP world series )NP )PP )VP )VP )S )VP )NP )PP )NP -RRB- )PRN )NP )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP *UNKC fans )NP (PP throughout (NP New York )NP )PP )NP (VP had (VP *UNKED (PRT out )PRT (NP a long summer )NP (PP with (NP their teams )NP )PP )VP )VP )S , and (S (ADVP now )ADVP (NP it )NP (VP had (VP come (PP to (NP (NP this )NP : (NP (NP a battle )NP (PP between (NP the two )NP )PP (PP for (NP the National League *UNK )NP )PP -- (UCP (PP down (PP to (NP (NP the last *UNKING )NP (PP of (NP the last game )NP )PP )NP )PP )PP , (ADVP no less )ADVP )UCP )NP )NP )PP )VP )VP )S . )S  STOP
(S (NP (QP Some *UNKN )QP fans )NP (VP (VP *UNKED (NP the stands )NP )VP , and (VP *UNKED (PP at (NP (NP the top )NP (PP of (NP their *UNK )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Mr. Engelken )NP (VP was (VP doing (NP the same )NP (PP across (NP the Hudson River )NP )PP (PP in (NP (NP New Jersey )NP , (SBAR (WHADVP where )WHADVP (S , (PP with (NP (NP his *UNK )NP (VP *UNKED (PP against (NP (NP the front window )NP (PP of (NP the *UNKC National Bank )NP )PP )NP )PP )VP )NP )PP , (NP he )NP (VP watched (NP the *UNK )NP (PP on (NP (NP a television set )NP (SBAR (S (NP the bank )NP (VP set (PRT up )PRT (PP for (NP the event )NP )PP )VP )S )SBAR )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP The *UNK series )NP (VP had (VP *UNKED (NP the *UNK- Giants *UNK )NP )VP )VP . )S  STOP
(S (S `` (NP The Giants )NP (VP struck (ADVP first )ADVP , (S (VP winning (NP the *UNK )NP , (NP *UNKN )NP , (PP on (NP (NP a *UNK- *UNK )NP (PP off (NP *UNKC *UNK- Ralph *UNKC )NP )PP )NP )PP )VP )S )VP , '' )S (NP Mr. Engelken )NP (VP recalls (PP with (NP *UNK )NP )PP (NP today )NP )VP . )S  STOP
(S `` (NP The Giants )NP (VP (VP got (VP *UNKED (PP in (NP the second game )NP )PP , (NP 100 )NP , )VP )VP and (VP *UNKED (NP *UNKN )NP (S (VP going (PP into (NP (NP the bottom )NP (PP of (NP (NP the *UNK )NP (PP of (NP the third and deciding game )NP )PP )NP )PP )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP The Giants )NP (VP (VP *UNKED (ADVP once )ADVP )VP and (VP had (NP (NP *UNK )NP )NP (PP on (NP (NP second )NP (PRN -LCB- (NP *UNKC *UNKC )NP -RCB- )PRN and (NP third )NP (PRN -LCB- (NP *UNKC *UNKC )NP -RCB- )PRN )NP )PP (SBAR as (S (NP Bobby Thomson )NP (VP advanced (PP to (NP the plate )NP )PP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP The rest )NP (PRN , (SBAR as (S (NP they )NP (VP say )VP )S )SBAR , )PRN (VP is (NP history )NP )VP . )S  STOP
(S (NP (NP Mr. Thomson )NP , (NP a *UNK , *UNKC , *UNK- *UNK )NP , )NP (VP stepped (PP into (NP (NP the *UNK 's )NP box )NP )PP )VP . )S  STOP
(S `` (S (NP Thomson )NP (VP took (NP a called strike )NP )VP , )S '' (NP Mr. Engelken )NP (VP *UNK )VP . )S  STOP
(S (NP The tension )NP (VP mounted (SBAR as (S (NP Ralph *UNKC )NP , (PP (ADVP again )ADVP on (NP the *UNK )NP )PP , (VP *UNKED (PRT down )PRT (NP the *UNK )NP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP (VP *UNK (ADVP up )ADVP )VP and (VP let (ADJP loose )ADJP (NP a *UNK )NP )VP )VP . )S  STOP
(S (NP The pitch )NP (VP (VP *UNKED (PP toward (NP Bobby Thomson )NP )PP (ADVP high and inside )ADVP )VP and (VP (ADVP then )ADVP , (PP with (NP (NP a crack )NP (PP of (NP the *UNK )NP )PP )NP )PP , was (VP sent (S (VP *UNKING (ADVP back )ADVP (PP into (NP the lower *UNK stands )NP )PP )VP )S )VP )VP )VP . )S  STOP
(SINV (S `` (NP Giants fans )NP (VP went (PP into (NP *UNK )NP )PP )VP , '' )S (VP says )VP (NP Mr. Engelken )NP . )SINV  STOP
(S And (NP Bobby Thomson )NP (VP was (VP made (S (NP a *UNK )NP )S )VP )VP . )S  STOP
(NP (NP (NP The same Bobby Thomson )NP )NP (PRN , (S (NP it )NP (VP turns (PRT out )PRT )VP )S , )PRN (SBAR (WHNP who )WHNP (S (VP sells (NP those *UNK- )NP (NP today )NP )VP )S )SBAR . )NP  STOP
(S (NP There )NP (VP ca n't (VP be (NP (NP an older baseball *UNK )NP (ADJP alive )ADJP (SBAR (SBAR (WHNP who )WHNP (S (VP does n't (VP (ADVP clearly )ADVP remember (NP that Bobby Thomson *UNK )NP )VP )VP )S )SBAR , (SBAR (WHNP who )WHNP (S (VP ca n't (VP tell (NP you )NP (SBAR (WHADVP where )WHADVP (S (NP he )NP (VP was (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP heard (NP (NP the famous *UNKC *UNKC radio broadcast )NP -- (NP (NP the one )NP (SBAR (WHNP that )WHNP (S (VP concluded (PP with (NP (NP Mr. *UNKC )NP (VP *UNKING , (ADVP over and over )ADVP , (S `` (S (NP The Giants )NP (VP win (NP the *UNK )NP )VP )S , (S (NP the Giants )NP (VP win (NP the *UNK )NP )VP )S )S )VP )NP )PP )VP )S )SBAR )NP )NP )VP )S )SBAR )VP )S )SBAR )VP )VP )S )SBAR )SBAR )NP )VP )VP ! '' )S  STOP
(S (S (NP (NP Mr. Engelken )NP and (NP Mr. Thomson )NP )NP (VP *UNKED (PP in (NP different *UNK )NP )PP (PP in (NP the subsequent years )NP )PP )VP )S , and (S (NP (NP the *UNKC *UNKC )NP , (VP located (PP under (NP (NP *UNKC 's )NP *UNKC )NP )PP (PP in (NP upper Manhattan )NP )PP )VP , )NP (VP was (VP replaced (PP by (NP a *UNKING project )NP )PP )VP )VP )S . )S  STOP
(S (NP Mr. Thomson )NP (VP played (NP (NP *UNK )NP and (NP third base )NP )NP (PP until (NP 1960 )NP )PP , (S (VP (VP posting (NP a *UNK (ADJP *UNK *UNKING )ADJP average )NP )VP and (VP *UNKING (PRT up )PRT (NP *UNKN home runs )NP )VP (SBAR before (S (VP (VP retiring )VP and (VP going (PP into (NP *UNK- sales )NP )PP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (S (NP Mr. Engelken )NP (VP moved (ADVP south )ADVP (PP to (NP Washington )NP )PP )VP )S , but (S (NP he )NP (VP took (PP with (NP him )NP )PP (NP (NP *UNKING memories )NP (PP of (NP (NP the *UNK )NP (PP of (NP *UNKN )NP )PP )NP )PP )NP )VP )S . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP (NP his wife )NP , (NP *UNKC )NP , )NP (VP came (PP down (NP the *UNK )NP )PP (PP on (NP their *UNKING day )NP )PP (PP in (NP *UNKN )NP )PP )VP )S )SBAR , (NP (NP Mr. Engelken )NP (PRN -- (NP (NP no *UNK )NP (PP on (NP the *UNK front )NP )PP )NP -- )PRN )NP (VP gave (NP her )NP (NP (NP the ultimate *UNK )NP : (S `` (NP You )NP (VP look (ADJP (ADJP *UNK )ADJP (PP than (NP (NP Bobby Thomson 's )NP home run )NP )PP )ADJP )VP )S )NP )VP . '' )S  STOP
(S (NP (NP (NP The couple 's )NP first *UNK )NP , (NP *UNKC )NP , )NP (VP was (VP named (S (PP after (NP the Great *UNKC )NP )PP )S , (SBAR though (S (NP *UNKING friends )NP (VP assumed (SBAR (S (NP he )NP (VP was (NP (NP the *UNK )NP (PP of (NP the *UNK )NP )PP )NP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S And (SBAR (WHADVP when )WHADVP (S (NP (NP (NP Mr. Engelken 's )NP sister )NP , (NP *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP was (VP born (PP (NP two days )NP before (NP the home run )NP )PP )VP )VP )S )SBAR , )NP (VP reached (NP her *UNK *UNK )NP )VP )S )SBAR , (NP Mr. Engelken )NP (VP wrote (NP his sports *UNK )NP (S (VP to (VP tell (NP him )NP (PP of (NP (NP the *UNK )NP (PP of (NP events )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (S (NP Mr. Thomson )NP (VP sent (PRT off )PRT (NP a card )NP (PP to (NP *UNKC )NP )PP )VP )S : (S (S `` (NP It )NP (VP does n't (VP seem (PP like (NP 25 years )NP )PP (SBAR since (S (NP I )NP (VP hit (NP that home run )NP (S (VP to (VP *UNK (NP your *UNK )NP )VP )VP )S )VP )S )SBAR )VP )VP , '' )S (NP it )NP (VP read )VP )S . )S  STOP
(S (NP *UNKC )NP (VP was (ADJP pleased , (PRN but (ADVP (ADVP (ADVP *UNK near )ADVP as much )ADVP (PP as (NP Mr. Engelken )NP )PP )ADVP )PRN )ADJP )VP . )S  STOP
(S (NP The family license plate )NP (VP *UNK (NP (NP `` *UNKC 23 , '' )NP (NP (NP (NP the first three letters )NP (PP of (NP the family name )NP )PP )NP and (PRN -- (NP no surprise here )NP -- )PRN (NP (NP Bobby Thomson 's )NP uniform number )NP )NP )NP )VP . )S  STOP
(S And (PP on (NP (NP Mr. Engelken 's )NP *UNK *UNK )NP )PP , (NP his wife )NP (VP (VP bought (NP (NP a book )NP (VP *UNKING (NP the big *UNK )NP )VP )NP )VP and (VP sent (NP it )NP (PRT off )PRT (PP to (NP Mr. Thomson )NP )PP (S (VP to (VP be (VP *UNKED )VP )VP )VP )S )VP )VP . )S  STOP
(SINV (SBARQ `` (WHNP What )WHNP (SQ (VP could (VP have (VP been (ADJP better )ADJP )VP )VP )VP )SQ ? '' )SBARQ (VP asks )VP (NP Mr. Engelken )NP . )SINV  STOP
(S (NP *UNKC Engelken )NP (VP asked (NP the same question )NP (NP earlier this year )NP , (SBAR (WHADVP when )WHADVP (S (NP her husband )NP (VP was (VP (ADVP about )ADVP to (VP turn (NP 50 )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP She )NP (VP had (NP an idea )NP )VP . )S  STOP
(S (PP On (NP (NP her husband 's )NP *UNK *UNK )NP )PP (PRN -LRB- (PP after (NP (NP an *UNK 23 years )NP (PP of (NP marriage )NP )PP )NP )PP (PRN , (S (NP it )NP (VP should (VP be (VP noted )VP )VP )VP )S )PRN -RRB- )PRN , (NP (NP *UNKC )NP , (NP *UNK )NP and (NP their *UNK- son )NP )NP (VP set (ADVP out )ADVP (PP for (NP New York )NP )PP (S (VP to (VP visit (NP *UNKC University )NP )VP )VP )S )VP . )S  STOP
(S (NP Mrs. Engelken )NP (VP had (VP scheduled (NP (NP a stop )NP (PP on (NP the New Jersey *UNKC )NP )PP )NP (S (VP to (PRN , (S (NP she )NP (VP told (NP her husband )NP )VP )S , )PRN (VP pick (PRT up )PRT (NP some papers )NP (PP for (NP a *UNK )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP The papers )NP (VP would (VP be (VP handed (PRT over )PRT (PP at (NP (NP a bank )NP (PP of (NP telephone *UNK )NP )PP (PP (ADVP just )ADVP off (NP *UNKC 10 )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (S `` (NP It )NP (VP *UNKED (PP like (NP (NP something )NP (PP out (PP of (NP *UNKC *UNKING )NP )PP )PP )NP )PP )VP , '' )S (NP Mr. Engelken )NP (VP recalls )VP . )S  STOP
(S (PP At (NP the appointed *UNK )NP )PP , (S (NP the family )NP (VP pulled (ADVP over )ADVP )VP )S , and (S (NP Mrs. Engelken )NP (VP went (S (VP to (VP get (NP her papers )NP )VP )VP )S )VP )S . )S  STOP
(S (NP Mr. Engelken )NP (VP (VP turned (PRT off )PRT (NP the motor )NP )VP and (VP rolled (PRT down )PRT (NP the window )NP )VP )VP . )S  STOP
(S (PP In (NP (NP a matter )NP (PP of (NP minutes )NP )PP )NP )PP , (NP she )NP (VP was (ADVP back )ADVP , (PP with (NP (NP a *UNK , *UNKED man )NP (PP in (NP *UNK )NP )PP )NP )PP )VP . )S  STOP
(S (NP She )NP (VP (VP *UNKED (ADVP down )ADVP (PP by (NP the car window )NP )PP )VP and (VP *UNKED (NP her husband )NP (PP with (NP her favorite *UNK )NP )PP )VP )VP : )S  STOP
(FRAG `` (NP *UNKC )NP , '' (PRN (S (NP she )NP (VP said )VP )S )PRN , `` (NP *UNKC *UNK *UNKC )NP . )FRAG  STOP
(S (NP This )NP (VP is (NP Bobby Thomson )NP )VP . '' )S  STOP
(SINV (S `` And (NP there )NP (NP he )NP (VP was )VP , '' )S (VP recalls )VP (NP Mr. Engelken )NP . )SINV  STOP
(NP `` (NP (NP The *UNK )NP (PP of (NP my *UNK )NP )PP )NP , (NP (NP the one person )NP (PP in (NP history )NP )PP (SBAR (S (NP I )NP (VP 'd (VP (ADVP most )ADVP like (S (VP to (VP meet )VP )VP )S )VP )VP )S )SBAR )NP . )NP  STOP
(S (S (VP *UNKC (NP your (NX (NX Thomas *UNKC )NX , or (NX St. *UNKC )NX or (NX *UNKC )NX )NX )NP )VP )S ; (S (NP I )NP (VP 'd (VP take (NP (NP baseball 's )NP *UNKING *UNKC )NP (PP without (NP *UNK )NP )PP )VP )VP )S . '' )S  STOP
(S (NP They )NP (VP talked (PP of (NP the home run )NP )PP )VP . )S  STOP
(SINV (S `` (NP I )NP (VP thought (SBAR (S (NP it )NP (VP was (PP in (NP the upper *UNK )NP )PP )VP )S )SBAR )VP , '' )S (VP said )VP (NP (NP Bobby Thomson )NP , (ADJP (ADVP now )ADVP (NP 66 years )NP old )ADJP )NP . )SINV  STOP
(S (NP They )NP (VP talked (PP of (NP the aftermath )NP )PP )VP . )S  STOP
(S (S `` (NP I )NP (ADVP never )ADVP (VP thought (SBAR (S (NP it )NP (VP would (VP become (ADJP so *UNK )ADJP )VP )VP )S )SBAR )VP , '' )S (NP Bobby )NP (VP *UNKED )VP . )S  STOP
(S (NP Mr. Engelken )NP (PRN , (SINV (VP says )VP (NP his wife )NP )SINV , )PRN (VP `` was (VP *UNKED (PP by (NP the whole thing )NP )PP )VP )VP . )S  STOP
(S (NP It )NP (VP was (PP worth (NP it )NP )PP , (PP (ADVP just )ADVP for (NP (NP the look )NP (PP on (NP (NP Albert 's )NP face )NP )PP )NP )PP )VP . '' )S  STOP
(S (NP The two men )NP (VP spent (NP an hour )NP (PP at (NP *UNKC 10 )NP )PP , (S (VP *UNKING (NP the event )NP )VP )S , (S `` (VP *UNKING (NP (NP the *UNK dream )NP (PP of (NP (NP a young *UNK )NP (VP (ADVP now )ADVP turned (NP 50 )NP )VP )NP )PP )NP )VP , '' (PRN (S (NP Mr. Engelken )NP (VP says )VP )S )PRN )S )VP . )S  STOP
(S (NP His *UNK )NP (VP (VP signed (NP (NP *UNK )NP (PP of (NP the *UNK )NP )PP )NP )VP and (VP (ADVP *UNKLY )ADVP called (S (NP Ralph *UNKC )NP `` (NP a (ADJP very fine )ADJP *UNK )NP )S )VP )VP . '' )S  STOP
(S And (SBAR (WHADVP when )WHADVP (S (NP Mr. Engelken )NP (VP asked (NP him )NP (SBAR (WHADVP why )WHADVP (S (NP he )NP (VP took (NP (NP time )NP )NP (PRT off )PRT (PP from (NP work )NP )PP (PP for (NP (NP somebody )NP (SBAR (S (NP he )NP (VP did n't (VP (ADVP even )ADVP know )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP )S )SBAR , (NP Bobby Thomson )NP (VP *UNKED : (S `` (NP You )NP (VP know , (NP Albert )NP , (SBAR (S (SBAR if (S (NP you )NP (VP have (NP the chance )NP (PP in (NP life )NP )PP (S (VP to (VP make (S (NP somebody )NP (ADJP this happy )ADJP )S )VP )VP )S )VP )S )SBAR , (NP you )NP (VP have (NP an obligation (S (VP to (VP do (NP it )NP )VP )VP )S )NP )VP )S )SBAR )VP )S )VP . '' )S  STOP
(S (PP In (NP an interview )NP )PP , (NP (NP Mr. Thomson )NP , (SBAR (WHNP who )WHNP (S (VP (VP is (VP married )VP )VP and (VP has (NP three grown children )NP )VP )VP )S )SBAR , )NP (VP says (SBAR (S (NP he )NP (VP has (NP (NP few ties )NP (PP to (NP baseball )NP )PP )NP (NP these days )NP , (ADVP other (PP than (S (VP playing (NP *UNK- games )NP (ADVP now and again )ADVP )VP )S )PP )ADVP )VP )S )SBAR )VP . )S  STOP
(S But (NP his fans )NP , (PP to (NP his constant *UNK )NP )PP , (ADVP never )ADVP (VP let (S (NP him )NP (VP forget (NP the famous *UNK- )NP )VP )S )VP . )S  STOP
(S (NP His mail )NP (VP (VP (ADVP regularly )ADVP recalls (NP `` my one event , '' )NP )VP and (VP has (VP been (VP growing (PP in (NP recent years )NP )PP )VP )VP )VP )VP . )S  STOP
(S (PP In (NP (NP response )NP (PP to (NP the letters )NP )PP )NP )PP , (NP Mr. Thomson )NP (VP (VP (ADVP usually )ADVP *UNK (NP (NP an *UNKED *UNK )NP (PP with (NP a *UNK note )NP )PP )NP )VP , and (VP (ADVP rarely )ADVP *UNK (NP a *UNK )NP )VP )VP . )S  STOP
(S But (SBAR (WHADVP when )WHADVP (S (NP *UNKC Engelken )NP (VP wrote (NP him )NP , (S (VP saying (SBAR (S (NP she )NP (VP could (VP stop (PP near (NP his New Jersey home )NP )PP )VP )VP )S )SBAR )VP )S )VP )S )SBAR , (NP it )NP (VP seemed (ADJP different )ADJP )VP . )S  STOP
(S `` (SBAR (WHNP What a good feeling )WHNP (S (NP (NP it )NP )NP (VP would (VP be (SBAR for (S (NP me )NP (VP to (VP do (NP that )NP )VP )VP )S )SBAR )VP )VP )S )SBAR , '' (NP he )NP (VP says (SBAR (S (NP he )NP (VP thought )VP )S )SBAR )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP the Engelken family )NP (VP got (ADVP back )ADVP (PP from (NP (NP its trip )NP (ADVP up north )ADVP )NP )PP )VP )S )SBAR , (NP Mr. Engelken )NP (VP wrote (NP it all )NP (PRT down )PRT , (S (ADVP just )ADVP (VP to (VP make (ADJP sure (SBAR (S (NP no detail )NP (VP was (VP missed )VP )VP )S )SBAR )ADJP )VP )VP )S )VP . )S  STOP
(S `` (PP On (NP the way home )NP )PP (PRN , '' (S (NP his notes )NP (VP recall )VP )S , )PRN `` (NP it )NP (VP took (NP concentrated effort (S (VP to (VP keep (NP (NP that car )NP (VP pointed (ADVP south )ADVP )VP )NP )VP )VP )S )NP )VP . )S  STOP
(S (NP My mind )NP (VP was (UCP (ADVP (NP miles )NP north )ADVP (PP at (NP (NP a place )NP (VP called (S (NP (NP *UNKC 's )NP *UNKC )NP )S )VP , (SBAR (WHADVP where )WHADVP (S (NP a real sports *UNK )NP (VP had (VP captured (NP (NP the *UNK )NP (PP of (NP (NP a *UNK )NP (SBAR (WHNP who )WHNP (S (VP (VP (ADVP never )ADVP (ADVP fully )ADVP grew (PRT up )PRT )VP and (VP is (NP (NP all the *UNK )NP (PP for (NP it )NP )PP )NP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )NP )PP )UCP )VP . )S  STOP
(S `` (S (VP *UNKC (NP heart )NP , (NP sports fans )NP )VP )S , '' (NP he )NP (VP wrote )VP . )S  STOP
(S `` (NP Real *UNK )NP (VP exist )VP . )S  STOP
(S (NP You )NP (VP might not (VP find (NP one )NP (PP in (NP the ` *UNKC ' column )NP )PP )VP )VP . )S  STOP
(SBARQ But (WHNP who )WHNP (SQ (VP knows )VP )SQ ? )SBARQ  STOP
(S (NP You )NP (VP might (VP meet (PRT up )PRT (PP with (NP him )NP )PP (PP at (NP (NP that bank )NP (PP of (NP (NP telephone *UNK )NP (PP (ADVP just )ADVP off (NP (NP *UNKC 10 )NP (PP of (NP the New Jersey *UNKC )NP )PP )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC Inc. )NP (VP said (SBAR (S (NP (NP its *UNK weekly newspaper )NP , (NP (NP The Financial Times )NP (PP of (NP Canada )NP )PP )NP , )NP (VP is (PP up (PP for (NP sale )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Analysts )NP (VP said (SBAR (S (NP (NP the announcement )NP , (NP (NP the latest )NP (PP in (NP (NP a series )NP (PP of (NP (NP *UNK )NP and (NP restructuring moves )NP )NP )PP )NP )PP )NP , )NP (VP is (VP aimed (PP at (S (VP improving (NP (NP *UNKC 's )NP earnings )NP (PP before (NP (NP (NP the expiration )NP )NP (PP in (NP June )NP )PP (PP of (NP (NP a standstill pact )NP (PP with (NP *UNKC Corp )NP )PP )NP )PP )NP )PP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP that agreement )NP (VP expires )VP )S )SBAR , (NP *UNKC )NP (VP will (VP be (ADJP free (S (S (VP to (VP increase (NP (NP its (ADJP *UNKN % )ADJP stake )NP (PP in (NP *UNKC )NP )PP )NP )VP )VP )S , or (S (VP to (VP make (NP (NP an offer )NP (PP for (NP the whole company )NP )PP )NP )VP )VP )S )S )ADJP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP the Southam family )NP )PP )NP (VP hold (NP (NP an additional (ADJP *UNKN )ADJP % stake )NP (PP in (NP (NP the Toronto-based company )NP , (NP (NP Canada 's )NP largest newspaper publisher )NP )NP )PP )NP )VP . )S  STOP
(SINV (S (NP The newspaper )NP (VP could (VP *UNK (NP (NP (QP between 15 million and 20 million )QP Canadian dollars )NP (PRN -LRB- (NP (QP US$ *UNKN million to $ *UNKN million )QP )NP -RRB- )PRN )NP )VP )VP )S , (VP said )VP (NP (NP one analyst )NP , (SBAR (WHNP who )WHNP (S (VP asked (S not (VP to (VP be (VP identified )VP )VP )VP )S )VP )S )SBAR )NP . )SINV  STOP
(S (NP (NP A spokesman )NP (PP for (NP Southam )NP )PP )NP (VP declined (S (VP to (VP comment (PP (PP on (NP (NP the price )NP (SBAR (S (NP the company )NP (VP is (VP seeking )VP )VP )S )SBAR )NP )PP or (PP on (NP (NP estimates )NP (PP of (NP (NP (NP the paper 's )NP annual losses )NP , (SBAR (WHNP which )WHNP (S (NP most analysts )NP (VP place (PP at (NP (QP between C$ 4 million and C$ 7 million )QP )NP )PP )VP )S )SBAR )NP )PP )NP )PP )PP )VP )VP )S )VP . )S  STOP
(S (NP Yesterday )NP , (NP Southam )NP (VP reported (NP (NP (NP third-quarter earnings )NP (PP of (NP (QP C$ *UNKN million )QP )NP )PP )NP (PP on (NP (NP revenue )NP (PP of (NP (QP C$ *UNKN million )QP )NP )PP )NP )PP , (ADVP down (PP from (NP (NP (QP C$ *UNKN million )QP )NP (PP on (NP (NP revenue )NP (PP of (NP (QP C$ *UNKN million )QP )NP )PP (PP in (NP the year-ago quarter )NP )PP )NP )PP )NP )PP )ADVP )NP )VP . )S  STOP
(SINV (S `` (S (S (VP To (VP be (ADJP profitable )ADJP )VP )VP )S , (NP the paper )NP (VP requires (NP more circulation )NP )VP )S and (S (NP building circulation )NP (VP is (NP an expensive *UNKING )NP )VP )S , '' )S (VP said )VP (NP (NP John *UNKC )NP , (NP (NP the paper 's )NP publisher )NP )NP . )SINV  STOP
(S (NP Southam )NP (VP said (SBAR (S (NP (NP the level )NP (PP of (NP (NP future investment )NP (VP required (PP by (NP the paper )NP )PP )VP )NP )PP )NP (VP would (VP have (VP restricted (NP (NP its options )NP (PP in (NP other areas )NP )PP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP (NP The acquisition )NP (PP of (NP (NP the Financial Times )NP (PP of (NP Canada )NP )PP )NP )PP )NP (VP is `` (PP (ADVP well )ADVP within (NP reach )NP )PP (PP for (NP (NP any number )NP (PP of (NP (NP media companies )NP , (ADJP both public and private )ADJP )NP )PP )NP )PP )VP , '' )S (VP said )VP (NP (NP James *UNKC )NP , (NP (NP an analyst )NP (PP with (NP Toronto-based *UNKC James Capel Inc )NP )PP )NP )NP . )SINV  STOP
(S (NP *UNKC bidders )NP (VP include (NP (NP Christopher *UNKC )NP , (NP (NP a Toronto financier )NP and (NP (NP vice chairman )NP (PP of (NP (NP Hees International Bancorp Inc. )NP , (NP (NP a holding company )NP (VP controlled (PP by (NP (NP Toronto 's )NP *UNKC family )NP )PP )VP )NP )NP )PP )NP )NP )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP (VP sold (NP (NP his stake )NP (PP in (NP *UNKC Corp. )NP )PP )NP (PP to (NP Hees )NP )PP (ADVP earlier (NP this year )NP )ADVP )VP and (VP is (VP said (S (VP to (VP be (VP seeking (NP a media acquisition )NP )VP )VP )VP )S )VP )VP )VP . )S  STOP
(S (S (NP Mr. *UNKC )NP (VP could n't (VP be (VP reached (PP for (NP comment )NP )PP )VP )VP )VP )S , but (S (NP (NP Roy *UNKC )NP , (NP (NP chairman )NP (PP of (NP (NP *UNK *UNKC )NP , (NP (NP a (ADJP closely held )ADJP concern )NP (SBAR (WHNP that )WHNP (S (VP publishes (NP two business magazines )NP )VP )S )SBAR )NP )NP )PP )NP , )NP (VP said (SBAR (S (NP his company )NP (VP would (VP take (NP (NP a close look )NP (PP at (NP the newspaper )NP )PP )NP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP (NP the sale )NP (PP of (NP (NP the *UNK- Financial Times )NP , (SBAR (WHNP which )WHNP (S (NP Southam )NP (VP has (VP owned (PP since (NP *UNKN )NP )PP )VP )VP )S )SBAR , )NP )PP )NP (VP is (ADJP consistent (PP with (NP (NP (NP Southam 's )NP strategy )NP (PP of (S (VP cutting (NP costs )NP (S (VP to (VP obtain (NP maximum profits )NP (PP from (NP its operations )NP )PP (SBAR while (S (VP *UNKING (PP of (NP `` *UNKLY *UNKING '' assets )NP )PP )VP )S )SBAR )VP )VP )S )VP )S )PP )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP Southam )NP (VP agreed (S (VP to (VP sell (NP (NP its (ADJP 47 % )ADJP stake )NP (PP in (NP (NP *UNKC Communications Ltd. )NP , (NP a broadcasting concern )NP , )NP )PP )NP (PP to (NP *UNKC Hunter Ltd. )NP )PP (PP for (NP (QP about C$ *UNKN million )QP )NP )PP (NP last year )NP )VP )VP )S )VP . )S  STOP
(S (NP This year )NP , (NP it )NP (VP has (VP moved (S (VP to (VP cut (NP (NP costs )NP (PP in (NP its newspaper division )NP )PP )NP (PP through (NP (NP *UNK )NP and (NP asset sales )NP )NP )PP , (SBAR while (S (VP reaching (NP (NP joint venture and acquisition agreements )NP (PP in (NP other areas )NP )PP )NP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The Financial Times )NP (PP of (NP Canada )NP )PP )NP (VP has (NP (NP no links )NP (PP to (NP (NP the British daily newspaper )NP , (NP The Financial Times )NP )NP )PP )NP )VP . )S  STOP
(S (NP Norton Co. )NP (VP said (SBAR (S (NP (NP net income )NP (PP for (NP the third quarter )NP )PP )NP (VP fell (NP 6 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 98 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ 22 million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Operating profit )NP (PP for (NP the *UNK , engineering materials and petroleum services concern )NP )PP )NP (VP was (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 91 cents )NP (NP a share )NP )NP )NP , (ADVP up (NP 3 % )NP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 87 cents )NP (NP a share )NP )NP )NP )PP )ADVP )VP . )S  STOP
(S (NP The company )NP (VP had (NP (NP a tax credit )NP (PP of (NP (QP $ 1.4 million )QP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP the year-earlier quarter )NP )PP , (NP the tax credit )NP (VP was (NP (QP $ 3.3 million )QP )NP )VP . )S  STOP
(S (NP Sales )NP (VP rose (NP 8 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP (NP Operating profit )NP (PP in (NP (NP the company 's )NP *UNK segment )NP )PP )NP (VP rose (NP 16 % )NP (SBAR while (S (NP (NP operating profit )NP (PP in (NP the engineering materials segment )NP )PP )NP (VP rose (NP 2 % )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP However )ADVP , (NP (NP the company 's )NP petroleum services segment )NP , (ADVP while (ADJP profitable )ADJP )ADVP , (VP was (VP hurt (PP by (NP (NP high financing costs )NP (VP associated (PP with (NP (NP (NP the company 's )NP buy-out )NP (PP of (NP (NP a (ADJP 50 % )ADJP stake )NP (PP in (NP Eastman *UNKC Co. )NP )PP )NP )PP (PP from (NP Texas Eastern Corp. )NP )PP (NP last June )NP )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Norton )NP and (NP Texas Eastern )NP )NP (VP had each (VP held (NP (NP a (ADJP 50 % )ADJP stake )NP (PP in (NP Eastman )NP )PP )NP (PP in (NP a joint venture )NP )PP )VP )VP . )S  STOP
(S (NP Norton )NP (VP announced (ADVP earlier (NP this month )NP )ADVP (SBAR that (S (NP it )NP (VP was (VP exploring (NP (NP the possible sale )NP (PP of (NP (NP all or part )NP (PP of (NP Eastman *UNKC )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP Norton )NP (VP had (NP (NP (NP net )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )NP , and (NP (NP a tax credit )NP (PP of (NP (QP $ 4.4 million )QP )NP )PP )NP )NP )VP . )S  STOP
(S (PP In (NP the year-earlier period )NP )PP , (NP the company )NP (VP had (NP (NP (NP net )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )NP , and (NP (NP a tax credit )NP (PP of (NP (QP $ 7.7 million )QP )NP )PP )NP )NP )VP . )S  STOP
(S (NP Norton )NP (VP had (NP (NP operating profit )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP , (ADVP up (NP 11 % )NP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )ADVP )NP )VP . )S  STOP
(S (NP Sales )NP (VP rose (NP 8 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC Park )NP and (NP her family )NP )NP (VP (VP *UNKED (PP for (NP four years )NP )PP (S (VP to (VP buy (NP a tiny apartment )NP (ADVP here )ADVP )VP )VP )S )VP , but (VP found (SBAR that (S (SBAR (X the closer )X (S (NP they )NP (VP got (S (VP to (VP saving (NP (NP the $ 40,000 )NP (SBAR (S (NP they )NP (ADVP originally )ADVP (VP needed )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR , (X the more )X (NP the price )NP (VP rose )VP )S )SBAR )VP )VP . )S  STOP
(S (PP By (NP this month )NP )PP , (NP it )NP (VP had (VP (ADVP more than )ADVP doubled )VP )VP . )S  STOP
(S (ADVP Now )ADVP (NP (NP the *UNK- *UNK )NP , (SBAR (WHNP whose husband )WHNP (S (VP *UNK (NP a modest salary )NP (PP as (NP (NP an assistant professor )NP (PP of (NP economics )NP )PP )NP )PP )VP )S )SBAR , )NP (VP is (VP saving (ADVP harder (PP than (ADVP ever )ADVP )PP )ADVP )VP )VP . )S  STOP
(S (S `` (NP I )NP (VP am (VP determined (S (VP to (VP get (NP an apartment )NP (PP in (NP three years )NP )PP )VP )VP )S )VP )VP , '' )S (NP she )NP (VP says )VP . )S  STOP
(S `` (NP It )NP (VP 's (NP (NP all )NP (SBAR (S (NP I )NP (VP (VP think (PP about )PP )VP or (VP talk (PP about )PP )VP )VP )S )SBAR )NP )VP . '' )S  STOP
(S (PP For (NP (NP the *UNKC )NP and (NP (NP millions )NP (PP of (NP other young *UNKC )NP )PP )NP )NP )PP , (NP (NP the *UNKED dream )NP (PP of (NP home ownership )NP )PP )NP (VP has (VP become (NP a *UNK *UNK )NP )VP )VP . )S  STOP
(S (PP For (NP the government )NP )PP , (NP it )NP (VP has (VP become (NP a (ADJP highly volatile )ADJP political issue )NP )VP )VP . )S  STOP
(S (NP Last May )NP , (NP a government panel )NP (VP released (NP (NP a report )NP (PP on (NP (NP the extent and causes )NP (PP of (NP the problem )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP During (NP the past 15 years )NP )PP (PRN , (S (NP the report )NP (VP showed )VP )S , )PRN (NP housing prices )NP (VP increased (ADJP nearly *UNK )ADJP )VP . )S  STOP
(S (NP The report )NP (VP laid (NP the blame )NP (PP on (NP (NP speculators )NP , (SBAR (WHNP who )WHNP (S (NP it )NP (VP said (SBAR (S (VP had (VP pushed (NP land prices )NP (ADVP up (ADJP *UNK )ADJP )ADVP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The panel )NP (VP found (SBAR that (S (PP since (NP 1987 )NP )PP , (NP real-estate prices )NP (VP rose (NP nearly 50 % )NP (PP in (NP (NP a *UNK *UNK )NP (VP fueled (PP by (NP (NP economic *UNK )NP , (NP the 1988 Seoul *UNKC )NP and (NP (NP the government 's )NP *UNK (S (VP to (VP (ADVP rapidly )ADVP develop (NP (NP Korea 's )NP *UNK )NP )VP )VP )S )NP )NP )PP )VP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The result )NP (VP is (SBAR that (S (NP (NP those )NP (ADJP rich enough (S (VP to (VP own (NP (NP any real estate )NP (ADVP at all )ADVP )NP )VP )VP )S )ADJP )NP (VP have (VP boosted (NP their holdings )NP (ADVP substantially )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP (NP those )NP (PP with (NP no holdings )NP )PP )NP )PP , (NP (NP the prospects )NP (PP of (S (VP buying (NP a home )NP )VP )S )PP )NP (VP are (ADJP ever *UNK )ADJP )VP . )S  STOP
(S (S (PP In (NP 1987 )NP )PP , (NP (NP a quarter )NP (PP of (NP the population )NP )PP )NP (VP owned (NP (NP 91 % )NP (PP of (NP (NP (NP the nation 's )NP *UNKN square *UNK )NP (PP of (NP private land )NP )PP )NP )PP )NP )VP )S , (PRN (S (NP the report )NP (VP said )VP )S , )PRN and (S (NP (NP 10 % )NP (PP of (NP the population )NP )PP )NP (VP owned (NP (NP 65 % )NP (PP of (NP (NP the land )NP (VP *UNKED (PP to (NP housing )NP )PP )VP )NP )PP )NP )VP )S . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP the government 's )NP Land Bureau )NP (VP reports (SBAR that (S (NP (NP (QP only about a third )QP )NP (PP of Korean families )PP )NP (VP own (NP their own homes )NP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP have (VP soared (PP along (PP with (NP house prices )NP )PP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC National *UNKC Hong *UNKC )NP , (NP now a radio *UNK )NP , )NP (VP says (SBAR (S (NP the problem )NP (VP is (ADJP *UNK )ADJP (PP for (NP many people )NP )PP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP I )NP (VP 'm (ADJP afraid (PP of (NP a popular *UNK )NP )PP )ADJP (SBAR if (S (NP this situation )NP (VP is n't (VP *UNKED )VP )VP )S )SBAR )VP )S , '' (NP he )NP (VP adds )VP . )S  STOP
(S (PP In (NP fact )NP )PP , (PP during (NP the past three months )NP )PP (NP there )NP (VP have (VP been (NP (NP several demonstrations )NP (PP (PP at (NP (NP the office complex )NP (SBAR (WHADVP where )WHADVP (S (NP the Land Bureau )NP (VP is (VP *UNKED )VP )VP )S )SBAR )NP )PP , and (PP at (NP the National *UNKLY )NP )PP )PP , (VP *UNKING (SBAR (S (NP the government )NP (VP put (NP a stop )NP (PP to (NP real-estate speculation )NP )PP )VP )S )SBAR )VP )NP )VP )VP . )S  STOP
(S (NP (NP President *UNKC *UNKC *UNKC 's )NP administration )NP (VP has (VP been (VP studying (NP the real-estate crisis )NP (PP for (NP the past year )NP )PP (PP with (NP (NP an eye )NP (PP to (NP partial land *UNK )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP Last week )NP , (NP the government )NP (VP took (NP three bills )NP (PP to (NP the National *UNKLY )NP )PP )VP . )S  STOP
(S (NP The proposed legislation )NP (VP is (VP aimed (PP at (S (VP *UNKING (NP (NP some )NP (PP of (NP (NP the *UNK )NP (PP in (NP the current *UNK- system )NP )PP )NP )PP )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP (NP the bills )NP , (SBAR as (S (VP (ADVP currently )ADVP *UNKED )VP )S )SBAR , )NP )PP )NP (VP are : -- (NP (NP A *UNK )NP (PP on (NP (NP the amount )NP (PP of (NP (NP real estate )NP (SBAR (S (NP one family )NP (VP can (VP own )VP )VP )S )SBAR )NP )PP )NP )PP , (PP to (NP (NP (NP *UNKN square *UNK )NP (PP in (NP (NP the nation 's )NP six largest cities )NP )PP )NP , but (NP (NP more )NP (PP in (NP (NP smaller cities )NP and (NP rural areas )NP )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (NP The government )NP (VP (VP will (VP *UNK (NP *UNK )NP )VP )VP , but (VP wo n't (VP *UNK (NP property )NP )VP )VP )VP . )S  STOP
(NP -- (NP (NP (NP A tax )NP (PP of (NP (QP between 3 % and 6 % )QP )NP )PP )NP (PP on (NP (NP property holdings )NP (SBAR (WHNP that )WHNP (S (VP exceed (NP the *UNK ceiling )NP )VP )S )SBAR )NP )PP )NP . )NP  STOP
(NP -- (NP (NP *UNKC )NP (PP of (PP (NP (NP (QP between 15 % and 50 % )QP )NP (NP a year )NP )NP )PP )PP )NP (PP on (NP (NP `` excessive '' profits )NP (PP from (NP (NP (NP the *UNK )NP (PP of (NP property )NP )PP )NP , or (NP (NP the sale )NP (PP of (NP idle land )NP )PP (PP to (NP the government )NP )PP )NP )NP )PP )NP )PP . )NP  STOP
(S (NP The government )NP (VP *UNK (NP excessive profits )NP (PP as (NP (NP those )NP (PP above (NP the average )NP )PP (VP realized (PP for (NP (NP other *UNKED properties )NP (PP in (NP an area )NP )PP )NP )PP )VP )NP )PP )VP . )S  STOP
(NP -- (NP Grace periods )NP (VP ranging (PP from (NP (QP two to five )QP years )NP )PP (SBAR before (S (NP (NP the full scope )NP (PP of (NP the penalties )NP )PP )NP (VP takes (NP effect )NP )VP )S )SBAR )VP . )NP  STOP
(S (NP The administration )NP (VP says (SBAR (S (NP the measures )NP (VP would (VP (VP stem (NP *UNK property speculation )NP )VP , (VP free (NP more land )NP (PP for (NP (NP (NP the government 's )NP ambitious *UNK- program )NP , (VP designed (S (VP to (VP build (NP (QP two million )QP apartments )NP (PP by (NP 1992 )NP )PP )VP )VP )S )VP )NP )PP )VP -- and , (VP (ADVP perhaps )ADVP , boost (NP (NP the popular standing )NP (PP of (NP President *UNKC )NP )PP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP opposition legislators )NP and (NP (NP others )NP (VP calling (PP for (NP (NP help )NP (PP for (NP (NP South Korea 's )NP *UNK )NP )PP )NP )PP )VP )NP )NP (VP say (SBAR (S (NP the proposed changes )NP (VP do n't (VP go (ADJP far enough (S (VP to (VP make (S (NP (NP it )NP )NP (ADJP possible )ADJP (SBAR for (S (NP ordinary people )NP (VP to (VP buy (NP a home )NP )VP )VP )S )SBAR )S )VP )VP )S )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Some )NP (VP want (NP (NP lower limits )NP (PP on (NP house *UNK )NP )PP )NP )VP )S ; (S (NP others )NP (VP insist (PP on (NP (NP (ADJP *UNKLY higher )ADJP taxation )NP (PP for (NP larger homes and lots )NP )PP )NP )PP )VP )S . )S  STOP
(S (NP (NP (NP The *UNKC *UNKC )NP (PP for (NP Economic Justice )NP )PP )NP , (NP (NP a *UNK- group )NP (VP leading (NP the charge )NP (PP for (NP radical reform )NP )PP )VP )NP , )NP (VP wants (NP (NP restrictions )NP (PP on (NP (NP *UNK )NP , (NP (NP high taxation )NP (PP of (NP capital gains )NP )PP )NP , and (NP (NP *UNK *UNKING )NP (PP of (NP (NP the *UNK- system )NP (SBAR (WHPP on (WHNP which )WHNP )WHPP (S (NP property taxes )NP (VP are (VP based )VP )VP )S )SBAR )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S But (NP (NP others )NP , (NP (NP large *UNK )NP , (NP real-estate developers )NP and (NP business leaders )NP )NP , )NP (VP say (SBAR (S (NP (NP the government 's )NP proposals )NP (VP are (ADJP *UNK )ADJP )VP )S )SBAR )VP . )S  STOP
(S (S (VP *UNKED (PP by (NP (NP the Federation )NP (PP of (NP Korean Industries )NP )PP )NP )PP )VP )S , (NP the critics )NP (VP are (VP lobbying (SBAR for (S (NP the government )NP (VP to (VP *UNK (NP its proposed restrictions and penalties )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Government officials )NP (SBAR (WHNP who )WHNP (S (VP are (VP urging (NP real-estate reforms )NP )VP )VP )S )SBAR )NP (VP (VP *UNK (PP at (NP (NP the arguments )NP (PP of (NP business leaders )NP )PP )NP )PP )VP and (VP *UNK (PP at (NP their pressure )NP )PP )VP )VP . )S  STOP
(SINV (S `` (NP There )NP (VP is (NP (NP no violation )NP (PP of (NP (NP the *UNK principle )NP (PP of (NP private property )NP )PP )NP )PP (PP in (SBAR (WHNP what )WHNP (S (NP we )NP (VP are (VP doing )VP )VP )S )SBAR )PP )NP )VP , '' )S (VP says )VP (NP (NP Lee *UNKC *UNKC )NP , (NP (NP director )NP (PP of (NP (NP (NP the government 's )NP Land Bureau )NP , (SBAR (WHNP which )WHNP (S (VP *UNKED (NP the bills )NP )VP )S )SBAR )NP )PP )NP )NP . )SINV  STOP
(S But (PRN , (S (NP he )NP (VP adds )VP )S , )PRN (NP the *UNK )NP (VP *UNK (S (NP the government )NP (VP to (VP impose (NP some controls )NP , (S (VP to (VP *UNK (NP (NP the shortage )NP (PP of (NP land )NP )PP )NP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP (NP The land )NP (ADJP available (PP for (NP housing construction )NP )PP )ADJP )NP (VP stands (PP at (NP (NP (NP (QP about *UNKN )QP square *UNK )NP (NP a person )NP )NP -- (UCP (ADJP (NP 18 % )NP lower (PP than (PP in (NP Taiwan )NP )PP )PP )ADJP and (NP (NP (QP only about half )QP that )NP (PP of (NP Japan )NP )PP )NP )UCP )NP )PP )VP . )S  STOP
(S (NP Mr. Lee )NP (VP estimates (SBAR that (S (NP (QP about 10,000 )QP property speculators )NP (VP are (VP operating (PP in (NP South Korea )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The chief *UNK )NP (PRN , (S (NP he )NP (VP says )VP )S , )PRN (VP are (NP (NP (NP big companies )NP and (NP business groups )NP )NP (SBAR (WHNP that )WHNP (S (VP buy (NP (NP huge amounts )NP (PP of (NP land )NP )PP )NP (PP `` not (PP for (NP their corporate use )NP )PP , but (PP for (NP (NP *UNK )NP (PP at (NP huge profit )NP )PP )NP )PP )PP )VP )S )SBAR )NP )VP . '' )S  STOP
(S (NP One research institute )NP (VP calculated (SBAR (SBAR that (S (NP (NP (QP as much as 67 )QP % )NP (PP of (NP *UNKED land )NP )PP )NP (VP is (VP held (PP by (NP *UNKN companies )NP )PP )VP )VP )S )SBAR -- and (SBAR that (S (NP (NP (QP as little as 1.5 )QP % )NP (PP of (NP that )NP )PP )NP (VP is (VP used (PP for (NP business )NP )PP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP (NP (NP The government 's )NP Office )NP (PP of (NP (NP Bank *UNKC )NP and (NP *UNKC )NP )NP )PP )NP (VP told (NP the National *UNKLY )NP (NP this month )NP (SBAR that (S (PP in (NP (NP the first half )NP (PP of (NP 1989 )NP )PP )NP )PP , (NP (NP the nation 's )NP 30 largest business groups )NP (VP bought (NP (NP real estate )NP (VP valued (PP at (NP (QP $ 1.5 billion )QP )NP )PP )VP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The Ministry )NP (PP of (NP Finance )NP )PP )NP , (PP as (NP a result )NP )PP , (VP has (VP proposed (NP (NP a series )NP (PP of (NP (NP measures )NP (SBAR (WHNP that )WHNP (S (VP would (VP restrict (NP (NP business investment )NP (PP in (NP real estate )NP )PP )NP (ADVP (ADVP even more *UNKLY )ADVP (PP than (NP (NP restrictions )NP (VP aimed (PP at (NP individuals )NP )PP )VP )NP )PP )ADVP )VP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (PP Under (NP those measures )NP )PP , (NP financial institutions )NP (VP would (VP be (VP restricted (PP from (S (VP owning (NP (NP any more real estate )NP (SBAR than (S (NP they )NP (VP need (PP for (NP their business operations )NP )PP )VP )S )SBAR )NP )VP )S )PP )VP )VP )VP . )S  STOP
(S (S (NP (NP Banks )NP , (NP investment and credit firms )NP )NP (VP would (VP be (VP permitted (S (VP to (VP own (NP (NP land )NP (ADJP equivalent (PP in (NP value )NP )PP (PP to (NP (NP 50 % )NP (PP of (NP their capital )NP )PP )NP )PP )ADJP )NP )VP )VP )S )VP )VP )VP )S -- (S (ADVP currently )ADVP (NP the proportion )NP (VP is (NP 75 % )NP )VP )S . )S  STOP
(S (NP (NP The maximum *UNK property holdings )NP (PP for (NP insurance companies )NP )PP )NP (VP would (VP be (VP reduced (PP to (NP (NP 10 % )NP (PP of (NP their total asset value )NP )PP )NP )PP , (ADVP down (PP from (NP 15 % )NP (ADVP currently )ADVP )PP )ADVP )VP )VP )VP . )S  STOP
(S But (NP Mrs. Park )NP (VP acknowledges (SBAR that (S (SBAR even if (S (NP the policies )NP (VP work (S (VP to (VP slow or stop (NP speculation )NP )VP )VP )S )VP )S )SBAR , (NP apartment prices )NP (VP are (ADJP unlikely (S (VP to (VP go (PRT down )PRT )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S (PP At best )PP (PRN , (S (NP she )NP (VP *UNK )VP )S , )PRN (NP they )NP (VP will (VP rise (ADVP (ADVP more slowly )ADVP -- (ADVP (ADVP more slowly )ADVP (PRN , (S (NP she )NP (VP hopes )VP )S , )PRN (PP than (NP (NP her family 's )NP income )NP )PP )ADVP )ADVP )VP )VP . )S  STOP
(S (NP (NP *UNKC Corp. )NP , (NP (NP *UNKC )NP , (NP N.J. )NP )NP , )NP (VP declared (S (NP (NP its initial quarterly )NP (PP of (NP (NP five cents )NP (NP a share )NP )NP )PP )NP , (ADJP payable (NP Dec. 1 )NP (PP to (NP (NP stock )NP (PP of (NP (NP record )NP (NP Nov. 10 )NP )NP )PP )NP )PP )ADJP )S )VP . )S  STOP
(S (NP (NP The maker )NP (PP of (NP specialty chemicals )NP )PP )NP (VP has (NP (NP (QP about 5.9 million )QP shares )NP (ADJP outstanding )ADJP )NP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP the move )NP (VP *UNK (NP its strong financial position )NP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Although (S (NP profits )NP (VP were (VP `` squeezed '' (PP in (NP 1989 )NP )PP , (PP (ADVP mainly )ADVP as (NP (NP a result )NP (PP of (NP higher *UNK- costs )NP )PP )NP )PP )VP )VP )S )SBAR , (NP the company )NP (VP said (SBAR (S (NP it )NP (VP is (ADJP confident (PP about (NP (NP (NP future earnings )NP and (NP cash flow )NP )NP (PP for (NP 1990 and beyond )NP )PP )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP national over-the-counter trading )NP )PP (NP yesterday )NP , (NP *UNKC shares )NP (VP rose (NP 50 cents )NP (S (VP to (VP close (PP at (NP (NP $ 13 )NP (NP a share )NP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The Justice Department )NP (VP said (SBAR (S (NP it )NP (VP is (VP seeking (S (VP to (VP join (NP (NP a private lawsuit )NP (VP challenging (NP (NP (NP a Pittsburgh *UNK 's )NP *UNKING *UNK )NP (SBAR (WHNP that )WHNP (S (VP (ADVP sharply )ADVP *UNK (NP (NP the locations )NP (ADJP available (PP to (NP (NP group homes )NP (PP for (NP the *UNKED )NP )PP )NP )PP )ADJP )NP )VP )S )SBAR )NP )VP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP This )NP (VP would (VP be (NP (NP (NP the department 's )NP first suit )NP (VP challenging (NP a local *UNKING *UNK )NP (PP under (NP (NP 1988 amendments )NP (PP to (NP the *UNKC Housing Act )NP )PP )NP )PP )VP )NP )VP )VP . )S  STOP
(S (PP Under (NP (NP those amendments )NP , (SBAR (WHNP which )WHNP (S (VP took (NP effect )NP (PP in (NP (NP March )NP (PP of (NP this year )NP )PP )NP )PP )VP )S )SBAR , )NP )PP (NP the federal government )NP (VP can (VP *UNK (PP in (NP private *UNK- lawsuits )NP )PP )VP )VP . )S  STOP
(S (NP The *UNK )NP , (PP in (NP Moon *UNKC )NP )PP , (VP *UNK (S (VP *UNKING (NP (NP a group home )NP (PP for (NP the *UNKED )NP )PP )NP (PP within (NP (NP a *UNK )NP (PP of (NP another such facility )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (PP In (NP (NP papers )NP (VP filed (PP with (NP (NP the federal district court )NP (PP in (NP Pittsburgh )NP )PP )NP )PP )VP )NP )PP , (NP the Justice Department )NP (VP alleged (SBAR that (S (NP the *UNK )NP , (PP by (S (VP limiting (NP (NP the number )NP (PP of (NP (NP group homes )NP (SBAR (WHNP that )WHNP (S (VP can (VP be (VP established (PP in (NP the *UNK )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )VP )S )PP , (VP makes (S (NP housing )NP (ADJP unavailable (PP on (NP (NP account )NP (PP of (NP *UNK )NP )PP )NP )PP )ADJP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The private suit )NP (VP was (VP brought (PP by (NP (NP three (ADJP *UNKLY *UNKED )ADJP people )NP (SBAR (WHNP who )WHNP (S (VP live (PP in (NP (NP a group home )NP (PP in (NP Moon )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC Smith )NP , (NP Moon *UNKC manager )NP , )NP (VP said (SBAR (S (NP the *UNK )NP (VP is (VP intended (S (VP to (VP prevent (NP (NP the *UNK )NP (PP of (NP (NP group homes )NP (PP for (NP the (ADJP *UNKLY *UNKED )ADJP )NP )PP )NP )PP )NP (PP from (S (VP changing (NP (NP `` the character and *UNK )NP (PP of (NP the neighborhood )NP )PP )NP )VP )S )PP )VP )VP )S )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP the *UNK )NP (ADVP also )ADVP (VP will (VP benefit (NP the (ADJP *UNKLY *UNKED )ADJP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S `` (NP Our intent )NP (VP is (S (VP to (VP spread (NP them )NP (PRT out )PRT '' (S (VP to (VP *UNK (SBAR (S (NP they )NP (VP are (VP (ADVP well )ADVP integrated (PP into (NP the community )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP )VP )S )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (S (NP (ADJP *UNKC and concrete )ADJP action )NP (VP has (VP been (VP taken (PP in (NP Colombia )NP )PP (PP during (NP the past 60 days )NP )PP (PP against (NP (NP the *UNK )NP (PP of (NP the drug trade )NP )PP )NP )PP )VP )VP )VP )S , but (S (NP it )NP (VP has not (VP been (ADJP *UNKLY effective )ADJP , (SBAR because (S , (ADVP *UNKLY )ADVP , (NP it )NP (VP came (ADVP too late )ADVP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (NP *UNKC years ago )NP , (NP (NP the newspaper El *UNKC )NP , (SBAR (WHPP of (WHNP which )WHNP )WHPP (S (NP my brother *UNKC )NP (VP was (NP (NP editor )NP )NP )VP )S )SBAR )NP , (VP began (VP warning (PP of (NP (NP the rise )NP (PP (PP of (NP the drug *UNK )NP )PP and (PP of (NP (NP their leaders ' )NP *UNK (S (VP to (VP control (NP (NP Colombian politics )NP , (NP especially the Congress )NP )NP )VP )VP )S )NP )PP )PP )NP )PP )VP )VP . )S  STOP
(S (S (ADVP Then )ADVP , (SBAR (WHADVP when )WHADVP (S (NP (NP it )NP )NP (VP would (VP have (VP been (ADJP easier )ADJP (S (VP to (VP *UNK (NP them )NP )VP )VP )S )VP )VP )VP )S )SBAR , (NP nothing )NP (VP was (VP done )VP )VP )S and (S (NP my brother )NP (VP was (VP *UNKED (PP by (NP the drug *UNK )NP )PP (ADVP (NP three years )NP ago )ADVP )VP )VP )S . )S  STOP
(S (NP The (ADJP most *UNK )ADJP *UNK )NP (VP have not (VP *UNKED (NP their press )NP (ADVP (ADVP more *UNKLY )ADVP (SBAR than (S (NP the drug *UNK )NP (VP *UNK (NP Colombia 's )NP )VP )S )SBAR )ADVP )VP )VP . )S  STOP
(S (NP The *UNK )NP (VP is (VP *UNKED (PP through (NP terrorism and assassination )NP )PP )VP )VP . )S  STOP
(S (PP In (NP the past 10 years )NP )PP (NP (QP about 50 )QP journalists )NP (VP have (VP been (VP (VP *UNKED (ADVP *UNK )ADVP )VP , (VP *UNKED )VP )VP )VP )VP . )S  STOP
(S (PP Within (NP the past two months )NP )PP (NP a *UNK )NP (VP *UNKED (PP in (NP (NP the offices )NP (PP of (NP the El *UNKC )NP )PP (PP in (NP *UNKC )NP )PP )NP )PP , (S (VP *UNKING (NP (NP a major part )NP (PP of (NP its installations and equipment )NP )PP )NP )VP )S )VP . )S  STOP
(S And (NP only last week )NP (NP (NP the newspaper *UNKC *UNKC )NP (PP in (NP (NP the city )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP (VP was (VP *UNKED )VP )VP , and (S (NP its installations )NP (VP destroyed )VP )S . )S  STOP
(S (NP (NP *UNKC )NP and (NP their families )NP )NP (VP are (VP (ADVP constantly )ADVP threatened (SBAR as (SINV are (NP the newspaper distribution outlets )NP )SINV )SBAR )VP )VP . )S  STOP
(S (S (NP *UNKC centers )NP (VP are (VP *UNKED )VP )VP )S , and (S (NP advertisers )NP (VP are (VP *UNKED )VP )VP )S . )S  STOP
(S (NP *UNKC )NP (VP is (VP imposed (PP by (NP terrorism )NP )PP )VP )VP . )S  STOP
(S (SBAR If (S (NP the Colombian media )NP (VP accept (NP this (ADJP new and *UNK )ADJP *UNK )NP )VP )S )SBAR (NP there )NP (VP is (NP little doubt (SBAR that (S (NP (NP the drug *UNK 's )NP terrorism )NP (ADVP *UNK )ADVP (VP will (VP extend (PP to (NP (NP all the newspapers )NP (VP published (PP in (NP the free world )NP )PP )VP )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP The *UNK )NP (PP of (NP (NP the *UNKED media )NP (ADVP world-wide )ADVP )NP )PP (PP against (NP drug terrorism )NP )PP )NP (VP is (NP (NP the only way )NP (SBAR (S (NP press freedom )NP (VP can (VP survive )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP The American people )NP and (NP their government )NP )NP (ADVP also )ADVP (VP *UNK (ADVP up )ADVP (ADVP too late )ADVP (PP to (NP (NP the *UNK )NP (SBAR (S (NP drugs )NP (VP *UNKED (PP to (NP (NP the moral structure )NP (PP of (NP their country )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (ADVP Even now )ADVP , (NP (NP the American attack )NP (PP upon (NP this tremendous problem )NP )PP )NP (VP is (ADJP *UNK (PP in (NP (NP *UNK )NP (PP to (NP (NP the *UNK )NP (PP of (NP the threat )NP )PP )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (NP I )NP (VP can (VP *UNK (SBAR that (S (NP (NP a recent Colombian *UNK )NP (PP to (NP the U.S. )NP )PP )NP (VP was (VP offered (NP drugs )NP (NP three times )NP (PP in (NP (NP (NP the few blocks ' )NP walk )NP (PP between (NP (NP Grand Central *UNKC )NP and (NP the *UNKC *UNKC Hotel )NP )NP )PP (PP in (NP *UNK Manhattan )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Colombia alone )NP (PRN -- (NP (NP its government )NP , (NP its people )NP , (NP its newspapers )NP )NP -- )PRN )NP (VP does not (VP have (NP (NP the capacity )NP (SBAR (S (VP to (VP fight (NP this battle )NP (ADVP successfully )ADVP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP All *UNKING countries )NP (VP must (VP (ADVP jointly )ADVP decide (S (VP to (VP combat and *UNK (NP (NP the consumers and *UNK )NP (PP of (NP drugs )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The U.S. )NP , (PP as (NP the major drug consumer )NP )PP , )NP (VP should (VP lead (NP this joint effort )NP )VP )VP . )S  STOP
(S (NP (NP (NP *UNKC )NP , (CONJP if not )CONJP (NP the total *UNK )NP , )NP (PP of (NP drug consumption )NP )PP )NP (VP is (NP (NP the requirement )NP (PP for (NP victory )NP )PP )NP )VP . )S  STOP
(S (NP (NP Much )NP )NP (VP is (VP being (VP done (PP in (NP Colombia )NP )PP (SBAR (S (VP to (VP fight (NP the drug *UNK *UNK )NP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (S (NP *UNKC homes and *UNK )NP (VP have (VP been (VP *UNKED (PP by (NP the military authorities )NP )PP )VP )VP )VP )S , and (S (NP (ADJP sophisticated and powerful )ADJP communications equipment )NP (VP have (VP been (VP seized )VP )VP )VP )S . )S  STOP
(S (S (NP (QP More than 300 )QP planes and *UNK )NP (VP have (VP been (VP *UNKED (PP at (NP *UNK )NP )PP )VP )VP )VP )S , and (S (NP (NP a large number )NP (PP of (NP vehicles and *UNK )NP )PP )NP (VP has (VP been (VP *UNKED )VP )VP )VP )S . )S  STOP
(S (NP The military )NP (VP has (ADVP also )ADVP (VP captured (NP (NP enormous *UNK )NP (PP of (NP (ADJP powerful and sophisticated )ADJP (NP (NP weapons )NP , (NP *UNK )NP and (NP other *UNK- *UNK )NP )NP )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP Much )NP (VP has (VP been (VP *UNKED )VP )VP )VP )S and (S (NP public opinion )NP (VP (ADVP *UNKLY )ADVP supports (NP (NP the government )NP and (NP the army )NP )NP )VP )S -- but , (S (PP on (NP the other hand )NP )PP , (NP (NP none )NP (PP of (NP the key drug *UNK )NP )PP )NP (VP have (VP been (VP captured )VP )VP )VP )S . )S  STOP
(S (NP There )NP (VP has (VP been (NP (NP a lot )NP (PP of (NP (NP talk )NP (SBAR that (S (NP (NP a large portion )NP (PP of (NP the Colombian economy )NP )PP )NP (VP is (VP sustained (PP by (NP (NP the *UNKING )NP (PP of (NP drug money )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (PP In (NP my opinion )NP )PP , (NP this )NP (VP is not (ADJP true )ADJP )VP . )S  STOP
(S (NP *UNKED drug money )NP (VP has (VP served (S (ADVP only )ADVP (VP to (VP increase , (ADVP *UNKLY )ADVP , (NP (NP the price )NP (PP of (NP real estate )NP )PP )NP , (S (VP creating (NP (NP serious problems )NP (PP for (NP (NP low-income people )NP (SBAR (WHNP who )WHNP (S (VP *UNK (S (VP to (VP own (NP their own homes )NP )VP )VP )S )VP )S )SBAR )NP )PP )NP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (NP Drug money )NP (VP has (ADVP also )ADVP (VP gone (S (VP to (VP buy (NP (NP expensive cars )NP , (NP *UNK )NP , (NP *UNK )NP and (NP (NP *UNK )NP (SBAR (WHADVP where )WHADVP (S (NP drugs )NP (VP are (VP consumed )VP )VP )S )SBAR )NP )NP )VP )VP )S )VP )VP . )S  STOP
(S But (NP (NP most )NP (PP of (NP the drug money )NP )PP )NP (VP is (VP kept (PP (PP in (NP investments )NP )PP and (PP in (NP (NP financial institutions )NP (PP outside (NP Colombia )NP )PP )NP )PP )PP )VP )VP . )S  STOP
(S (PP In (NP fact )NP )PP , (NP (NP the cooperation )NP (PP of (NP those financial institutions )NP )PP )NP (VP is (ADJP essential (PP to (NP (NP the success )NP (PP of (NP the drug battle )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (VP is (PP of (NP (NP (ADJP much more )ADJP importance )NP (PP to (NP the Colombian economy )NP )PP (PP than (NP (NP the supposed benefits )NP (PP of (NP *UNKED drug money )NP )PP )NP )PP )NP )PP )VP )S )SBAR (VP is (NP (NP higher prices )NP (PP for (NP (NP Colombia 's )NP legitimate products )NP )PP )NP )VP . )S  STOP
(S (NP (NP The price )NP (PP of (NP coffee )NP )PP )NP (VP has (VP gone (ADVP down )ADVP (NP (QP almost 45 )QP % )NP (PP since (NP (NP the beginning )NP (PP of (NP the year )NP )PP )NP )PP , (PP to (NP (NP the lowest level )NP (PRN -LRB- (PP after (NP inflation )NP )PP -RRB- )PRN (PP since (NP the Great *UNKC )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Market conditions )NP (VP point (PP to (NP (NP (ADJP even lower )ADJP prices )NP (NP next year )NP )NP )PP )VP . )S  STOP
(S (NP The *UNK- coffee *UNK )NP (VP had (S (VP to (VP be (VP (ADVP formally )ADVP *UNKED (NP this summer )NP )VP )VP )VP )S )VP . )S  STOP
(S (PP As (NP a result )NP )PP , (NP Colombia )NP (VP will (VP earn (ADJP (NP (QP $ 500 million )QP )NP less (PP from (NP its coffee )NP )PP (NP this year )NP (PP than (NP last )NP )PP )ADJP )VP )VP . )S  STOP
(S (S (NP Our coffee growers )NP (VP face (NP (NP reductions )NP (PP in (NP their income )NP )PP )NP )VP )S , and (S (NP this )NP (VP *UNK (S (NP them )NP (VP to (VP *UNK (S (VP *UNKING (NP *UNK crops )NP (PP for (NP coffee )NP )PP )VP )S )VP )VP )S )VP )S . )S  STOP
(S (NP U.S. interests )NP (ADVP occasionally )ADVP (VP try (S (VP to (VP impose (NP (NP barriers )NP (PP to (NP (NP the import )NP (PP of (NP (NP another important Colombian export )NP (PRN -- (NP cut *UNK )NP -- )PRN )NP )PP (PP into (NP the American market )NP )PP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP A just price )NP and (NP (NP an open market )NP (PP for (SBAR (WHNP what )WHNP (S (NP Colombian )NP (VP produces and exports )VP )S )SBAR )PP )NP )NP (VP should (VP be (NP (NP the policy )NP (PP of (NP the U.S. )NP )PP )NP )VP )VP . )S  STOP
(S (NP I )NP (VP take (NP advantage )NP (PP of (NP (NP this opportunity )NP (VP given (PP to (NP me )NP )PP (PP by (NP The Wall Street Journal )NP )PP )VP )NP )PP (S (VP to (VP make (NP a plea )NP (PP to (NP (NP the millions )NP (PP of (NP (NP readers )NP (PP of (NP this newspaper )NP )PP )NP )PP )NP )PP , (S (VP to (VP become (NP (NP *UNK )NP (ADJP *UNKED (PP to (NP (NP the fight )NP (PP against (NP (NP the use )NP (PP of (NP drugs )NP )PP )NP )PP )NP )PP )ADJP )NP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP (NP Each *UNK )NP (PP of (NP (NP *UNK )NP (VP consumed )VP )NP )PP )NP (VP is (NP (NP a *UNKLY *UNK )NP (PP against (NP (NP those )NP (PP (PP in (NP our country )NP )PP and (PP in (NP (NP the rest )NP (PP of (NP the world )NP )PP )NP )PP )PP (SBAR (WHNP who )WHNP (S (VP fight (NP this *UNK *UNK )NP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP (NP A *UNK )NP (PP of (NP (INTJ *UNK )INTJ )NP (PP to (NP (NP the consumption )NP (PP of (NP drugs )NP )PP )NP )PP )PP )NP (VP is (ADJP *UNK )ADJP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (NP (NP president )NP (PP of (NP (NP El *UNKC )NP , (NP (NP a newspaper )NP (VP founded (PP by (NP his *UNK )NP )PP )VP )NP )NP )PP )NP )VP . )S  STOP
(S (NP It )NP (VP has (NP (NP more drug users )NP (SBAR than (S (NP Boston )NP (VP has (NP people )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP *UNKC thousand )NP (PP of (NP its children )NP )PP )NP (VP live (PP in (NP *UNK homes )NP )PP , (SBAR while (S (NP 50,000 residents )NP (VP have (NP (NP no homes )NP (ADVP at all )ADVP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Its tax base )NP (VP is (VP *UNKING )VP )VP )S , (S (NP a (ADJP (QP $ 1 billion )QP )ADJP budget deficit )NP (VP *UNK )VP )S , and (S (NP the city )NP (VP faces (NP (NP contract negotiations )NP (PP with (NP all major municipal unions )NP )PP )NP (NP next year )NP )VP )S . )S  STOP
(S (NP This )NP (VP is (NP New York City )NP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP the *UNK and *UNK )NP (VP settle (PP in (NP an *UNK- *UNK race )NP )PP )VP )S )SBAR , (NP (NP the man )NP (ADJP most likely (S (VP to (VP gain (NP (NP *UNK )NP (PP of (NP all this )NP )PP )NP )VP )VP )S )ADJP )NP (VP is (NP (NP a career *UNK )NP (VP named (S (NP David Dinkins )NP )S )VP )NP )VP . )S  STOP
(S (S (S (VP *UNKING (NP (NP the nation 's )NP (ADJP (ADJP largest )ADJP and (ADJP most *UNK )ADJP )ADJP city )NP )VP )S (VP may (VP be (NP no treat )NP )VP )VP )S , but (S (PP at (ADJP least )ADJP )PP (NP Mr. Dinkins )NP (VP knows (SBAR (WHNP what )WHNP (S (VP to (VP expect (PP from (NP it )NP )PP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (SBAR As (S (NP the campaign )NP (VP hits (NP the home stretch )NP )VP )S )SBAR , (ADVP however )ADVP , (NP voters )NP (ADVP still )ADVP (VP have (NP (NP (ADJP very little )ADJP idea )NP (SBAR (WHNP what )WHNP (S (NP they )NP (VP can (VP expect (PP from (NP him )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP After (NP (NP 25 years )NP (PP in (NP city politics )NP )PP )NP )PP , (NP David Dinkins )NP (VP remains (NP an *UNK )NP )VP . )S  STOP
(S (NP (NP The *UNK- , *UNKED Manhattan *UNK president )NP (PRN -- (NP (NP the first black man )NP (SBAR (S (VP to (VP win (NP (NP the Democratic *UNK )NP (PP for (NP mayor )NP )PP )NP (NP here )NP )VP )VP )S )SBAR )NP -- )PRN )NP (VP does n't (VP have (NP a single prominent political *UNK )NP )VP )VP . )S  STOP
(S (SBAR While (S (NP he )NP (VP is (VP (ADVP widely )ADVP described (PP as (NP (NP a man )NP (PP with (NP deep *UNK )NP )PP )NP )PP )VP )VP )S )SBAR , (NP he )NP (VP has (NP (NP few major political programs )NP (SBAR (WHNP that )WHNP (S (NP he )NP (VP can (VP call (S (NP his own )NP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (VP Asked (PP about (NP (NP his greatest *UNK )NP (PP in (NP public life )NP )PP )NP )PP )VP )S , (NP he )NP (ADVP first )ADVP (VP *UNK (PP about (NP (NP the quality )NP (PP of (NP his staff )NP )PP )NP )PP )VP . )S  STOP
(S (ADVP Now )ADVP , (SBAR as (S (NP election day )NP (VP *UNK )VP )S )SBAR , (NP even some supporters )NP (VP wonder (SBAR (WHNP what )WHNP (S (NP he )NP (VP will (VP do (SBAR if (S (NP he )NP (VP wins (NP the *UNK )NP (PP on (NP Nov. 7 )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP wonder (SBAR whether (S (NP he )NP (VP can (VP be (ADJP firm (PP with (NP (NP his longtime allies )NP , (PP including (NP (NP (NP union leaders )NP and (NP political *UNK )NP )NP (SBAR (WHNP who )WHNP (S (VP may (VP seek (NP (NP a place )NP (PP at (NP the *UNK )NP )PP )NP )VP )VP )S )SBAR )NP )PP )NP )PP )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP They )NP (VP wonder (SBAR whether (S (NP he )NP (VP has (NP (NP the economic *UNK- )NP (SBAR (S (VP to (VP *UNK (NP the city )NP (PP through (NP a possible fiscal crisis )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )S , and (S (NP they )NP (VP wonder (SBAR (WHNP who )WHNP (S (VP will (VP be (VP advising (NP him )NP )VP )VP )VP )S )SBAR )VP )S . )S  STOP
(SQ (SQ Will (NP he )NP , (SBAR if (S (NP he )NP (VP wins )VP )S )SBAR , (VP be (PP in (NP (NP the *UNK )NP (PP of (NP (NP the (ADJP most liberal )ADJP )NP (PP of his allies )PP , (SBAR (WHNP who )WHNP (S (VP *UNK (NP (NP such policies )NP (PP as (NP (NP rent control )NP (PP for (NP commercial buildings )NP )PP )NP )PP )NP )VP )S )SBAR )NP )PP )NP )PP )VP )SQ , or (SQ will (NP he )NP (VP *UNK (PP toward (NP (NP the real-estate interests )NP (SBAR (WHNP that )WHNP (S (VP have (VP *UNKED (NP money )NP (PP into (NP his campaign )NP )PP )VP )VP )S )SBAR )NP )PP )VP )SQ ? )SQ  STOP
(S (PP After (NP (NP his *UNK primary victory )NP (PP over (NP Mayor Edward I. *UNKC )NP )PP (PP in (NP September )NP )PP )NP )PP , (NP Mr. Dinkins )NP (VP *UNKED , (PP until (NP recently )NP )PP , (PP on (NP (NP a *UNK- lead )NP (PP over (NP (NP his Republican *UNK )NP , (NP (NP *UNKC Giuliani )NP , (NP (NP the former crime *UNK )NP (SBAR (WHNP who )WHNP (S (VP has (VP proved (NP (NP a something )NP (PP of (NP a *UNK )NP )PP )NP (PP as (NP a candidate )NP )PP )VP )VP )S )SBAR )NP )NP )NP )PP )NP )PP )VP . )S  STOP
(S But (NP Mr. Dinkins )NP (VP has (VP *UNKED (PP in (NP the past two weeks )NP )PP (PP (PP over (NP (NP (NP his campaign 's )NP payments )NP (PP to (NP (NP a black *UNK )NP (SBAR (WHNP who )WHNP (S (VP is (NP a convicted *UNK )NP )VP )S )SBAR )NP )PP )NP )PP , and (PP over (NP (NP his handling )NP (PP of (NP (NP a stock sale )NP (PP to (NP his son )NP )PP )NP )PP )NP )PP )PP )VP )VP . )S  STOP
(S (S (NP *UNKC )NP (ADVP also )ADVP (VP have (VP recorded (NP (NP some *UNK )NP (PP in (NP (NP (NP Mr. Dinkins 's )NP support )NP (PP among (NP Jewish voters )NP )PP )NP )PP )NP )VP )VP )S , and (S (NP *UNK projections )NP (ADVP now )ADVP (VP put (NP his lead )NP (PP at (NP (QP between four and 20 )QP percentage points )NP )PP )VP )S . )S  STOP
(S (PP In (NP (NP an interview )NP (PP with (NP (NP reporters and *UNK )NP (PP of (NP The Wall Street Journal )NP )PP )NP )PP )NP )PP , (NP Mr. Dinkins )NP (VP appears (ADJP quite confident (PP (PP of (NP victory )NP )PP and (PP of (NP his ability (S (VP to (VP handle (NP the *UNK )NP )VP )VP )S )NP )PP )PP )ADJP )VP . )S  STOP
(S (S `` (S (NP (NP A lot )NP (PP of (NP people )NP )PP )NP (VP think (SBAR (S (NP I )NP (VP will (VP give (PRT away )PRT (NP the store )NP )VP )VP )S )SBAR )VP )S , but (S (NP I )NP (VP can (VP *UNK (NP you )NP (SBAR (S (NP I )NP (VP will not )VP )S )SBAR )VP )VP )S , '' )S (NP he )NP (VP says )VP . )S  STOP
(S `` (NP I )NP (VP am (ADJP aware (SBAR (S (NP we )NP (VP have (NP real *UNK problems )NP )VP )S )SBAR )ADJP )VP . '' )S  STOP
(S (NP The city )NP (VP is (ADJP full (PP of (NP (NP *UNKING (NX (NX bridges )NX , (NX water *UNK )NX and (NX *UNK )NX )NX )NP (SBAR (WHNP that )WHNP (S (VP are (PP in (NP (NP need )NP (PP of (NP (NP (NP (NP (NP billions )NP (PP of (NP dollars )NP )PP )NP )NP worth )NP (PP of (NP repair )NP )PP )NP )PP )NP )PP )VP )S )SBAR )NP )PP )ADJP )VP . )S  STOP
(S (NP *UNKED efforts (S (VP to (VP fight (NP drugs and crime )NP )VP )VP )S )NP (VP will (VP be (ADJP costly )ADJP )VP )VP . )S  STOP
(S But (NP city officials )NP (VP say (SBAR (S (NP tax revenues )NP (VP are (VP lagging )VP )VP )S )SBAR )VP . )S  STOP
(S And (PP after (NP (NP a decade )NP (PP of (NP (NP *UNK job growth )NP (PP on (NP Wall Street )NP )PP )NP )PP )NP )PP , (NP (NP a period )NP (PP of (NP *UNK )NP )PP )NP (VP is (PP under (NP way )NP )PP )VP . )S  STOP
(S (S (NP Mr. *UNKC )NP (ADVP already )ADVP (VP has (VP announced (SBAR (S (NP he )NP (VP will (VP drop (NP *UNKN jobs )NP (PP from (NP the city payroll )NP )PP )VP )VP )S )SBAR )VP )VP )S , but (S (NP that )NP (VP wo n't (VP be (ADVP enough )ADVP )VP )VP )S . )S  STOP
(S (NP New York State *UNKC Edward *UNKC )NP (VP predicts (NP (NP (NP a (ADJP (QP $ 1.3 billion )QP )ADJP budget gap )NP (PP for (NP (NP the city 's )NP next fiscal year )NP )PP )NP , (NP (NP a gap )NP (SBAR (WHNP that )WHNP (S (VP could (VP grow (SBAR if (S (NP there )NP (VP is (NP a recession )NP )VP )S )SBAR )VP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (SBAR If (S (VP elected )VP )S )SBAR , (NP Mr. Dinkins )NP (VP will (ADVP probably )ADVP (VP have (UCP (NP no choice )NP but (S (VP to (VP (VP raise (NP (NP taxes )NP (PP on (NP *UNKED businesses )NP )PP )NP )VP or (VP cut (NP (NP spending )NP (PP in (NP (ADJP already *UNKED )ADJP neighborhoods )NP )PP )NP )VP )VP )VP )S )UCP )VP )VP . )S  STOP
(SINV (S `` (NP He )NP (VP is (VP going (S (VP to (VP face (NP a mess )NP )VP )VP )S )VP )VP , '' )S (VP says )VP (NP City Council President Andrew Stein )NP . )SINV  STOP
(S `` (S (NP His supporters )NP (VP are not (ADJP *UNK )ADJP )VP )S , but (S (S (NP (NP their solution )NP (PP to (NP everything )NP )PP )NP (VP will (VP be (S (VP to (VP spend (NP more money )NP )VP )VP )S )VP )VP )S , and (S (NP he )NP (VP wo n't (VP have (NP any money )NP )VP )VP )S )S . '' )S  STOP
(S (ADVP By and large )ADVP , (NP Mr. Dinkins )NP (VP has (VP *UNKED (NP (NP the *UNK question )NP (PP of (SBAR (WHNP whose *UNK )WHNP (S (NP he )NP (VP would (VP *UNK )VP )VP )S )SBAR )PP )NP )VP )VP . )S  STOP
(S (PP Instead of (S (VP focusing (PP on (NP the financial future )NP )PP )VP )S )PP , (NP Mr. Dinkins )NP (VP has (VP sold (NP himself )NP (PP (PP as (NP (NP a *UNK )NP (PP for (NP (NP a city )NP (VP (ADVP recently )ADVP *UNKED (PP by (NP racial violence )NP )PP )VP )NP )PP )NP )PP and (PP as (NP (NP a *UNKING *UNK )NP (PP to (NP (NP 12 years )NP (PP of (NP (NP *UNK )NP (VP generated (PP by (NP Mayor *UNKC )NP )PP )VP )NP )PP )NP )PP )NP )PP )PP )VP )VP . )S  STOP
(SINV (S `` (NP (NP The thing )NP (PP about (NP the Dinkins *UNK )NP )PP )NP (VP is (SBAR that (S (NP it )NP (VP offers (NP hope )NP (PP to (NP (NP a broad range )NP (PP of (NP people )NP )PP )NP )PP )VP )S )SBAR )VP , '' )S (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a real-estate executive )NP and (NP (NP former aide )NP (PP to (NP Gov. *UNKC *UNKC )NP )PP )NP )NP )NP . )SINV  STOP
(S `` (NP It )NP (VP is (NP a *UNK- *UNK )NP )VP . '' )S  STOP
(S (NP No doubt )NP , (NP Mr. Dinkins )NP (VP has (VP been (NP a *UNKING influence )NP )VP )VP . )S  STOP
(S (NP He )NP (VP is (NP (NP an *UNK figure )NP (SBAR (WHNP who )WHNP (S (VP (VP *UNK (NP (NP the *UNK )NP (PP of (NP (NP colleagues ' )NP children )NP )PP )NP )VP , (VP *UNK (NP doors )NP (PP for (NP women )NP )PP )VP , and (VP (ADVP almost never )ADVP has (NP (NP a bad word )NP (SBAR (S (VP to (VP say (NP (PP about (NP anybody )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADJP More important )ADJP , (NP he )NP (VP emerged (PP as (NP a *UNK )NP )PP (NP last summer )NP (PP after (NP (NP (NP (NP the Central Park rape )NP (PP of (NP a white *UNK )NP )PP )NP (PRN -- (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP (NP a group )NP (PP of (NP *UNKC *UNK )NP )PP )NP (VP was (VP charged )VP )VP )S )SBAR -- )PRN )NP and (NP (NP the racial murder )NP (PP of (NP a black *UNK- )NP )PP (PP in (NP (NP the white Brooklyn neighborhood )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP )NP )PP )VP . )S  STOP
(S (PP Rather than (S (VP *UNKING (PRT off )PRT (NP white voters )NP )VP )S )PP , (SBAR as (S (NP many )NP (VP predicted (SBAR (S (NP he )NP (VP would )VP )S )SBAR )VP )S )SBAR , (NP Mr. Dinkins )NP (VP attracted (NP many whites )NP (PP (ADVP *UNKLY )ADVP because of (NP (NP his reputation )NP (PP for (S (VP having (NP a cool head )NP )VP )S )PP )NP )PP )VP . )S  STOP
(S -LRB- (S (S (VP *UNKING (ADJP cool )ADJP )VP )S (VP is (NP a Dinkins priority )NP )VP )S : (S (PP On (NP *UNK days )NP )PP (NP this summer )NP , (NP he )NP (VP was (VP known (S (VP to (VP change (NP his *UNKED suits )NP (NP (NP (QP as many as four )QP times )NP (NP a day )NP )NP )VP )VP )S )VP )VP )S . -RRB- )S  STOP
(S But (PP (ADVP even )ADVP in (NP his *UNK- campaign )NP )PP , (NP he )NP (VP has (VP shown (NP (NP signs )NP (PP of (NP (NP the *UNK and confusion )NP (SBAR (WHNP that )WHNP (S (NP some )NP (VP say (SBAR (S (VP (VP has (VP *UNKED (NP (NP his tenure )NP (PP as (NP Manhattan borough president )NP )PP )NP )VP )VP -- and (VP might (VP *UNK (NP him )NP (PP as (NP mayor )NP )PP )VP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (PP Over (NP the last few weeks )NP )PP , (NP he )NP (VP has (VP *UNKED (PRT away )PRT (NP (NP (QP roughly half )QP )NP (PP of (SBAR (WHNP what )WHNP (S (VP was (ADVP once )ADVP (NP (NP a *UNK- lead )NP (PP in (NP the polls )NP )PP (PP over (NP Mr. Giuliani )NP )PP )NP )VP )S )SBAR )PP )NP )VP )VP . )S  STOP
(S (NP (NP A story )NP (PP about (SBAR (WHADVP how )WHADVP (S (NP he )NP (VP *UNKED (NP (NP the sale )NP (PP to (NP his son )NP )PP (PP of (NP (NP his stock )NP (PP in (NP (NP a media company )NP (VP controlled (PP by (NP his political *UNK *UNKC *UNKC )NP )PP )VP )NP )PP )NP )PP )NP )VP )S )SBAR )PP )NP (VP was (VP allowed (S (VP to (VP *UNK (NP a full week )NP (SBAR before (S (NP Mr. Dinkins )NP (VP faced (NP the media )NP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (NP He )NP (VP (VP has (VP canceled (NP numerous campaign *UNK )NP )VP )VP and (VP was (ADJP (ADVP largely )ADVP *UNK (PP to (NP the media )NP )PP )ADJP (SBAR until (S (NP the stock story )NP (VP broke )VP )S )SBAR )VP )VP . )S  STOP
(S (NP His campaign )NP (VP was (VP caught (S (ADJP *UNKED )ADJP )S (PP amid (NP allegations (SBAR (S (NP it )NP (VP paid (NP (QP almost $ 10,000 )QP )NP (PP for (SBAR (WHNP what )WHNP (S (NP it )NP (VP said (SBAR (S (VP was (NP (NP a `` *UNK- '' effort )NP (PP by (NP (NP black *UNK )NP (NP (NP *UNKC *UNKC )NP , (NP (NP a convicted *UNK )NP (SBAR (WHNP who )WHNP (S (ADVP later )ADVP (VP said (ADVP publicly )ADVP (SBAR that (S (NP he )NP (VP is `` (ADJP *UNK- )ADJP )VP )S )SBAR )VP )S )SBAR )NP )NP )NP )PP )NP )VP )S )SBAR )VP )S )SBAR )PP )VP )S )SBAR )NP )PP )VP )VP . '' )S  STOP
(S (NP Critics )NP (VP have (VP said (SBAR (S (NP the payment )NP (VP looked (PP like (NP (NP an attempt )NP (PP by (NP the Dinkins *UNK )NP )PP (S (VP to (VP get (S (NP Mr. *UNKC )NP (VP to (VP stop (S (VP leading (NP (NP (NP *UNK demonstrations )NP (VP *UNKING (NP the *UNKC murder )NP )VP )NP -- (NP (NP protests )NP (SBAR (S (NP the campaign )NP (VP may (VP have (VP feared (SBAR (S (VP could (VP cause (S (NP some white voters )NP (VP to (VP turn (PP from (NP a black candidate )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )NP )NP )VP )S )VP )VP )S )VP )VP )S )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Mr. Dinkins )NP (ADVP also )ADVP (VP has (VP failed (S (VP to (VP *UNK (NP (NP (NP Jewish voters ' )NP fears )NP (PP about (NP (NP his association )NP (PP with (NP the Rev. *UNKC Jackson )NP )PP )NP )PP )NP )VP )VP )S , (PP despite (NP the fact (SBAR that (S (NP few local *UNK- politicians )NP (VP have (VP been (ADVP (ADVP as *UNK (PP for (NP Jewish causes )NP )PP (PP in (NP the past 20 years )NP )PP )ADVP (SBAR as (S (NP Mr. Dinkins )NP (VP has )VP )S )SBAR )ADVP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP These campaign problems )NP (VP have (VP *UNKED (NP (NP difficulties )NP (SBAR (S (NP Mr. Dinkins )NP (VP has (VP run (PP into )PP (ADVP before )ADVP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP A former U.S. Marine )NP , (NP Mr. Dinkins )NP )NP (VP got (ADVP off )ADVP (PP to (NP (NP a quick start )NP (PP in (NP politics )NP )PP )NP )PP , (S (S (VP joining (NP a local Democratic political club )NP (PP in (NP the 1950s )NP )PP )VP )S , (S (VP linking (PRT up )PRT (PP with (NP (NP black urban leaders )NP (PP such as (NP (NP Charles *UNKC )NP , (NP *UNKC *UNKC )NP and (NP Mr. Sutton )NP )NP )PP )NP )PP )VP )S , and (S (VP getting (S (NP himself )NP (VP elected (PP to (NP the state assembly )NP )PP )VP )S (PP in (NP *UNKN )NP )PP )VP )S )S )VP . )S  STOP
(S But (NP (NP his chance (S (VP to (VP become (NP deputy mayor )NP (PP under (NP Mayor *UNKC *UNKC )NP )PP )VP )VP )S )NP , (NP (NP a plan )NP (VP boosted (PP by (NP Mr. Sutton )NP )PP )VP )NP , )NP (VP was (VP *UNKED (PP because of (NP (NP Mr. Dinkins 's )NP failure (PRN -- (ADJP still largely *UNKED )ADJP -- )PRN (S (VP to (VP file (NP income tax returns )NP (PP for (NP (NP four years )NP (ADJP running )ADJP )NP )PP )VP )VP )S )NP )PP )VP )VP . )S  STOP
(S (S `` (NP I )NP (ADVP always )ADVP (VP thought (PP of (NP this )NP )PP (PP as (NP (NP a thing )NP (SBAR (WHNP that )WHNP (S (VP could (ADVP always )ADVP (VP be (VP done (NP tomorrow )NP )VP )VP )VP )S )SBAR )NP )PP )VP , '' )S (NP he )NP (VP said (PP at (NP the time )NP )PP )VP . )S  STOP
(S (ADVP Later )ADVP , (NP Mr. Dinkins )NP (VP became (ADJP (ADVP more deeply )ADVP *UNKED (PP to (NP (NP Mr. Sutton )NP and (NP (NP other city *UNK )NP , (PP including (NP *UNK- Council President Paul *UNKC )NP )PP )NP , )NP )PP )ADJP (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP helped (S (NP him )NP (VP get (VP appointed (S (NP (NP city *UNK )NP , (NP (NP a (ADJP largely *UNK )ADJP post )NP (ADJP responsible (PP for (NP (NP (NP the city 's )NP marriage bureau )NP (PRN , (PP among (NP other things )NP )PP )PRN )NP )PP )ADJP )NP )NP )S )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S -LRB- (NP Mr. *UNKC )NP (VP is (ADVP now )ADVP (NP (NP one )NP (PP of (NP (NP the lawyers )NP (PP for (NP (NP Mr. Sutton 's )NP media company )NP )PP )NP )PP )NP )VP . -RRB- )S  STOP
(S (NP The debt )NP (VP rose (ADVP further )ADVP (PP in (NP (NP 1977 )NP (SBAR (WHADVP when )WHADVP (S (NP Mr. Sutton )NP (VP resigned (NP (NP his position )NP (PP as (NP Manhattan borough president )NP )PP )NP (S (VP to (VP run (PP for (NP mayor )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Mr. Sutton )NP (VP recalls : (S `` (SBAR (WHADVP When )WHADVP (S (NP I )NP (VP left )VP )S )SBAR , (S (NP I )NP (VP sat (ADVP down )ADVP (PP with (NP (NP *UNKC (PRN -LCB- (NP *UNKC )NP -RCB- )PRN )NP , (NP *UNKC (PRN -LCB- (NP *UNKC )NP -RCB- )PRN )NP and (NP David )NP , )NP )PP )VP )S and (S (NP David )NP (VP said , ` (SBARQ (WHNP Who )WHNP (SQ will (VP run (PP for (NP borough president )NP )PP )VP ? )SQ )SBARQ ' )VP )S And (S (NP I )NP (VP said , ` (S (NP You )NP (VP will )VP )S )VP )S )S )VP . ' '' )S  STOP
(S (NP (NP David *UNKC )NP , (NP (NP Mayor Koch 's )NP longtime media adviser )NP , )NP (VP says (PP of (NP Mr. Dinkins )NP )PP , (S `` (NP He )NP (ADVP really )ADVP (VP is (NP (NP the *UNK )NP (PP of (NP the *UNK system )NP )PP )NP )VP )S )VP . )S  STOP
(S But (NP the guy )NP (VP is (ADJP (ADJP so personally decent )ADJP , (SBAR (S (NP people )NP (VP tend (S (VP to (VP forget (NP that )NP )VP )VP )S )VP )S )SBAR )ADJP )VP . '' )S  STOP
(S (NP Mr. Dinkins )NP (VP lost (ADVP twice )ADVP (PP by (NP wide margins )NP )PP (PP before (S (VP (ADVP finally )ADVP getting (VP elected (S (NP borough president )NP )S (PP in (NP 1985 )NP )PP )VP )VP )S )PP )VP . )S  STOP
(S But (PP by (NP most accounts )NP )PP , (NP he )NP (VP (VP made (NP little )NP (PP of (NP the post )NP )PP )VP and (VP was (ADJP best known (PP among (NP city politicians )NP )PP (PP for (NP (NP his problems )NP (VP making (PRT up )PRT (NP his mind )NP (PP on (NP (NP matters )NP (PP before (NP (NP (NP (NP the city 's )NP Board )NP (PP of (NP *UNKC )NP )PP )NP , (NP (NP the body )NP (SBAR (WHNP that )WHNP (S (VP votes (PP on (NP crucial budget and *UNK- matters )NP )PP )VP )S )SBAR )NP )NP )PP )NP )PP )VP )NP )PP )ADJP )VP )VP . )S  STOP
(S (NP *UNKC )NP (NP today )NP (VP recall (PP with (NP some *UNK )NP )PP (SBAR (WHADVP how )WHADVP (S (NP meetings )NP (VP would (VP *UNK (PP into (NP the early morning hours )NP )PP (SBAR as (S (NP Mr. Dinkins )NP (VP would (VP *UNK (NP his staff )NP (PP (PP out (PP of (NP board meetings )NP )PP )PP and (PP into (NP his private office )NP )PP )PP (S (VP to (VP discuss , (NP *UNK *UNK )NP , (NP certain controversial proposals )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(SINV (S `` (S (NP He )NP (VP *UNK (NP me )NP (SBAR (WHADVP how )WHADVP (S (VP to (VP drink (NP (NP *UNK tea )NP (CONJP instead of )CONJP (NP coffee )NP )NP (PP at (NP 3 a.m. )NP )PP )VP )VP )S )SBAR )VP )S , (S (NP I )NP (VP 'll (VP give (NP him )NP (NP that )NP )VP )VP )S , '' )S (VP says )VP (NP *UNKC Mayor Robert *UNKC )NP . )SINV  STOP
(S (S (ADVP *UNKC )ADVP , (NP (NP Mr. Dinkins 's )NP *UNK )NP (VP prevented (NP him )NP (PP from (S (VP having (NP a say )NP (PP in (NP (NP the way )NP (SBAR (S (NP things )NP (VP turned (PRT out )PRT )VP )S )SBAR )NP )PP )VP )S )PP )VP )S , (NP critics )NP (VP claim )VP . )S  STOP
(S (PP On (NP the campaign *UNK )NP )PP , (NP he )NP (ADVP often )ADVP (VP points (PRT out )PRT (SBAR that (S (NP he )NP (VP was (NP (NP the only (NAC Board (PP of (NP *UNKC )NP )PP )NAC member )NP (SBAR (S (VP to (VP vote (PP against (NP (NP a controversial real-estate project )NP (PP at (NP (NP Manhattan 's )NP *UNKC *UNKC )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S But (NP board members )NP (VP say (SBAR (S (NP he )NP (VP took (ADJP so long (S (VP to (VP decide (SBAR (WHADVP how )WHADVP (S (VP to (VP vote )VP )VP )S )SBAR )VP )VP )S (SBAR that (S (PP by (NP (NP the time )NP (SBAR (S (NP he )NP (VP decided )VP )S )SBAR )NP )PP , (NP it )NP (VP was (ADJP too late (S (VP to (VP try (S (VP to (VP draw (NP other members )NP (PP to (NP his position )NP )PP )VP )VP )S )VP )VP )S )ADJP )VP )S )SBAR )ADJP )VP )S )SBAR )VP . )S  STOP
(SINV (VP Says )VP (NP one city official )NP : (S `` (NP *UNKC else )NP (VP had (VP (VP brought (PRT in )PRT (NP the *UNK )NP )VP and (VP made (NP their deal )NP )VP )VP )VP )S . )SINV  STOP
(S (NP He )NP (VP would (VP have (VP got (S (NP a lot more )NP (VP done )VP )S (SBAR if (S (NP he )NP (VP made (PRT up )PRT (NP his mind )NP (ADVP faster )ADVP )VP )S )SBAR )VP )VP )VP . '' )S  STOP
(S (NP (NP One Board member )NP , (NP *UNKC *UNKC President *UNKC *UNKC )NP , )NP (VP was (VP said (S (VP to (VP be (ADJP so *UNK (PP with (NP (NP (NP Mr. Dinkins 's )NP behavior )NP (PP at (NP many meetings )NP )PP )NP )PP (SBAR that (S (NP he )NP (VP *UNK (NP (NP his support )NP (PP for (NP (NP Mr. Dinkins 's )NP mayoral effort )NP )PP )NP (PP until (ADJP late (PP in (NP the primary campaign )NP )PP )ADJP )PP )VP )S )SBAR )ADJP )VP )VP )S )VP )VP . )S  STOP
(S (S (S `` (NP I )NP (VP had (NP (NP some problem )NP (PP (PP from (NP time )NP )PP (PP to (NP time )NP )PP )PP (PP on (NP (NP the length )NP (PP of (NP time )NP )PP (SBAR (S (NP he )NP (VP would (VP take (S (VP to (VP make (PRT up )PRT (NP his mind )NP )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP )VP , '' )S (NP Mr. *UNKC )NP (VP admits )VP )S , but (S (NP he )NP (VP maintains (SBAR (SBAR that (S (NP he )NP (VP did n't (VP delay (NP (NP his support )NP (PP of (NP Mr. Dinkins )NP )PP )NP )VP )VP )S )SBAR and (SBAR that (S (NP he )NP (VP backs (NP the Democratic candidate )NP (ADVP *UNKLY )ADVP )VP )S )SBAR )SBAR )VP )S . )S  STOP
(S (NP (NP (NP Mr. Dinkins 's )NP (NP (NP campaign manager )NP and (NP (NP former chief )NP (PP of (NP staff )NP )PP )NP )NP )NP , (NP Bill Lynch )NP , )NP (VP denies (SBAR that (S (NP the Manhattan borough president )NP (VP has (VP taken (ADJP too long (S (VP to (VP decide (NP important issues )NP )VP )VP )S )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (S `` (NP We )NP (VP did n't (VP *UNK- (NP (NP everything )NP (SBAR (WHNP that )WHNP (S (VP came (PP to (NP us )NP )PP )VP )S )SBAR )NP )VP )VP , '' )S (NP Mr. Lynch )NP (VP says )VP . )S  STOP
(S (PP On (NP (NP some occasions )NP (SBAR (WHADVP when )WHADVP (S (NP Mr. Dinkins )NP (VP has (VP discussed (NP the issues )NP (PP during (NP the campaign )NP )PP )VP )VP )S )SBAR )NP )PP , (NP he )NP (VP has (VP run (PP into (NP (NP a familiar kind )NP (PP of (NP trouble )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Some supporters )NP (VP were (ADJP *UNKED )ADJP (NP (NP this summer )NP (SBAR (WHADVP when )WHADVP (S (NP Mr. Dinkins )NP (VP suggested (S (VP weakening (NP (NP the law )NP (VP *UNKING (NP public employees )NP (S (VP to (VP go (PP on (NP strike )NP )PP )VP )VP )S )VP )NP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (NP He )NP (VP withdrew (NP the *UNK )NP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP he )NP (ADVP later )ADVP (VP *UNKED (PP with (NP striking hospital workers )NP )PP )VP )S )SBAR , (NP (NP some allies )NP )NP (VP *UNKED (NP a little more )NP , (ADJP concerned (SBAR that (S (NP Mr. Dinkins )NP (VP was (VP setting (NP (NP the wrong tone )NP (PP for (NP (NP coming contract negotiations )NP (PP with (NP city employees )NP )PP )NP )PP )NP )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (ADVP Then )ADVP , (PP (NP two days )NP before (S (VP receiving (NP (NP an *UNK )NP (PP from (NP environmental groups )NP )PP )NP )VP )S )PP , (NP Mr. Dinkins )NP (VP promised (SBAR (S (NP he )NP (VP would (VP issue (NP (NP a three-year *UNK )NP (PP on (NP (NP construction )NP (PP of (NP *UNK- plants )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP That announcement )NP (VP was (VP (ADVP *UNKLY )ADVP criticized (PP by (NP (NP Mayor Koch )NP (PRN -- (SBAR (WHNP who )WHNP (S (VP has (VP *UNKED (NP Mr. Dinkins )NP )VP )VP )S )SBAR -- )PRN )NP )PP (SBAR because (S (NP the city )NP (VP (VP faces (NP a *UNK crisis )NP )VP and (VP has (ADVP already )ADVP (VP spent (NP (QP $ 5 million )QP )NP (S (VP planning (PP for (NP (NP an *UNK )NP (SBAR (WHNP that )WHNP (S (VP would (VP be (VP *UNKED (PP under (NP (NP Mr. Dinkins 's )NP proposal )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )S )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (SBAR While (S (NP his public statements )NP (VP have (PP at (NP times )NP )PP (VP been (ADJP confusing )ADJP )VP )VP )S )SBAR , (NP (NP Mr. Dinkins 's )NP position papers )NP (VP have (VP (ADVP more consistently )ADVP reflected (NP *UNK- sentiment )NP )VP )VP . )S  STOP
(S (NP He )NP (VP favors (NP (NP a form )NP (PP of (NP (NP commercial rent control )NP , (SBAR (WHNP which )WHNP (S (NP the financial community )NP (VP believes (SBAR (S (VP would (VP make (S (NP (NP it )NP )NP (ADJP more difficult )ADJP (S (VP to (VP attract (NP (NP investment )NP (PP in (NP the city )NP )PP )NP )VP )VP )S )S )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (PP In (NP (NP the midst )NP (PP of (NP a labor shortage )NP )PP )NP )PP , (NP he )NP (VP proposes (S (VP linking (NP (NP city subsidies )NP (PP to (NP businesses )NP )PP )NP (PP to (NP (NP their record )NP (PP of (S (VP hiring (NP New York City residents )NP )VP )S )PP )NP )PP )VP )S )VP . )S  STOP
(S (PP With (NP an *UNKED local labor pool )NP )PP (PRN , (S (NP many experts )NP (VP believe )VP )S , )PRN (NP that policy )NP (VP could (VP drive (NP businesses )NP (PP from (NP the city )NP )PP )VP )VP . )S  STOP
(S And (NP he )NP (VP favors (NP (NP a (ADJP more cooperative )ADJP approach )NP (PP toward (NP (NP the *UNKING states )NP (PP of (NP (NP New Jersey )NP and (NP Connecticut )NP )NP )PP )NP )PP (PP in (NP (NP the battle )NP (PP over (NP (NP companies )NP (VP thinking (PP of (S (VP moving (NP employees )NP (PP out (PP of (NP New York City )NP )PP )PP )VP )S )PP )VP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Many *UNK- officials )NP (VP say (SBAR (S (NP (NP the Koch administration 's )NP aggressive approach )NP (VP helped (VP save (NP 5,000 Chase Manhattan Bank jobs )NP (PP from (S (VP moving (PP across (NP the Hudson )NP )PP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP Mr. Dinkins 's )NP economic *UNK )NP (VP do n't (VP seem (S (VP to (VP *UNK (NP (NP the business community )NP , (SBAR (WHADVP where )WHADVP (S (NP he )NP (VP *UNK (NP significant support )NP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Steven *UNKC )NP , (NP (NP president )NP (PP of (NP (NP (NP the Real Estate Board )NP (PP of (NP New York )NP )PP )NP , (NP an industry organization )NP )NP )PP )NP , )NP (VP says (SBAR (S (S (NP (NP Mr. Dinkins 's )NP `` economic development program )NP (VP is (ADJP *UNKED )ADJP )VP )S , but (S (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP comes (ADVP down )ADVP (PP to (NP it )NP )PP )VP )S )SBAR , (NP he )NP (VP can (VP be (ADJP reasonable )ADJP )VP )VP )S )S )SBAR )VP . '' )S  STOP
(S (NP (NP (NP Mr. Dinkins 's )NP *UNK circle )NP (PP of (NP advisers )NP )PP )NP (VP appears (S (VP to (VP include (NP both *UNK and *UNK )NP , (S (VP leaving (NP voters )NP (PP with (NP (NP little *UNK )NP (PP as (PP to (SBAR (WHNP who )WHNP (S (VP will (VP be (ADJP more influential )ADJP )VP )VP )S )SBAR )PP )PP )NP )PP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP The key man )NP (VP seems (S (VP to (VP be (NP (NP the campaign manager )NP , (NP Mr. Lynch )NP )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP A *UNKED , *UNKLY son )NP (PP of (NP a Long Island *UNK farmer )NP )PP )NP , (NP Mr. Lynch )NP (VP is (NP (NP a veteran union *UNK )NP (SBAR (WHNP who )WHNP (S (VP worked (PP on (NP (NP the presidential campaigns )NP (PP of (NP (NP Sen. Edward Kennedy )NP and (NP Mr. Jackson )NP )NP )PP )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S But (SBAR as (S (NP the Dinkins campaign )NP (VP hit (NP tough times )NP (NP this month )NP )VP )S )SBAR , (NP (NP Andrew *UNKC )NP , (NP (NP the (ADJP politically *UNKED )ADJP son )NP (PP of (NP the New York governor )NP )PP )NP , )NP (VP is (ADVP also )ADVP (VP said (S (VP to (VP have (VP taken (NP (NP a (ADJP more active )ADJP role )NP (PP on (NP strategy )NP )PP )NP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP Another close ally )NP (VP is (NP (NP Ruth *UNKC )NP , (NP a Manhattan city *UNK )NP , (SBAR (WHNP (NP some )NP (WHPP of (NP (WHNP whose programs )WHNP , (ADJP such (PP as (NP commercial rent control )NP )PP )ADJP , )NP )WHPP )WHNP (S (VP have (VP made (NP their way )NP (PP into (NP (NP Mr. Dinkins 's )NP position papers )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (SBAR If (S (NP she )NP (VP remains (ADJP influential (PP with (NP Mr. Dinkins )NP )PP )ADJP , (SBAR as (S (NP some )NP (VP suggest (SBAR (S (NP she )NP (VP will )VP )S )SBAR )VP )S )SBAR )VP , )S )SBAR (NP his *UNK )NP (VP may (VP take (PRT on )PRT (NP a (ADJP more *UNK- )ADJP *UNK )NP )VP )VP . )S  STOP
(S But (NP (NP Lincoln Center President Nathan *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP would (VP head (NP a Dinkins transition team )NP )VP )VP )S )SBAR , )NP (VP is (ADJP more *UNK )ADJP , (SBAR as (SINV (VP is )VP (NP (NP real-estate executive Anthony *UNKC )NP , (NP another insider )NP )NP )SINV )SBAR )VP . )S  STOP
(S (NP Mr. Dinkins )NP (ADVP also )ADVP (VP has (VP said (SBAR (S (NP he )NP (VP would (VP receive (NP economic advice )NP (PP from (NP (NP a board )NP (SBAR (WHNP that )WHNP (S (VP would (VP include (NP (NP American Express Co. chairman James D. Robinson III )NP , (NP investment banker *UNKC *UNKC )NP , (NP *UNK- specialist *UNKC Lewis )NP and (NP attorney Joseph *UNKC )NP )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Some business leaders )NP and (NP others )NP )NP (ADVP also )ADVP (VP believe (SBAR that (S (NP Mr. Dinkins )NP (VP would (VP place (NP significant responsibility )NP (PP in (NP (NP the hands )NP (PP of (NP (NP a deputy mayor )NP (PP with (NP a strong administrative background )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP possible *UNK )NP )PP (SBAR (WHNP that )WHNP (S (VP have (VP surfaced )VP )VP )S )SBAR )NP (VP include (NP (NP former mayoral candidate Richard *UNKC )NP , (NP former schools *UNK Frank *UNKC )NP and (NP Messrs. *UNKC and *UNKC )NP )NP )VP . )S  STOP
(S (ADVP Then )ADVP (NP there )NP (VP are (NP (NP (NP Mr. Dinkins 's )NP *UNK- *UNKC colleagues )NP , (PP such as (NP (NP U.S. Rep. *UNKC )NP , (NP former *UNKC Mayor *UNKC )NP and (NP Mr. Sutton )NP )NP )PP )NP )VP . )S  STOP
(S (S (S (VP Having (VP *UNKED (NP (NP positions )NP (PP of (NP real influence or wealth )NP )PP )NP )VP )VP )S , (NP these men )NP (VP constitute (NP (NP the Old *UNKC )NP (PP of (NP New York City black politics )NP )PP )NP )VP )S ; (S (NP they )NP (VP are (ADJP (ADJP less *UNK )ADJP (PP than (NP (NP the younger , (ADJP more activist )ADJP black political community )NP (SBAR (WHNP that )WHNP (S (VP has (VP been (VP based (ADVP largely )ADVP (PP in (NP Brooklyn )NP )PP )VP )VP )VP )S )SBAR )NP )PP )ADJP )VP )S . )S  STOP
(S -LRB- (NP (NP Part )NP (PP of (NP (NP Mr. Dinkins 's )NP strength )NP )PP )NP (VP is (NP his ability (S (VP to (VP win (NP (NP the support )NP (PP of (NP both the Brooklyn and *UNKC *UNK )NP )PP )NP )VP )VP )S )NP )VP . -RRB- )S  STOP
(SINV (S `` (NP We )NP (VP know (SBAR (S (NP there )NP (VP are (NP (NP *UNK )NP (PP for (NP the city )NP )PP )NP (ADVP out there )ADVP )VP )S )SBAR )VP , '' )S (VP says )VP (NP (NP Mr. *UNKC )NP , (NP (NP Mr. Dinkins 's )NP former law partner )NP )NP . )SINV  STOP
(S `` (SBAR If (S (NP (NP any )NP (PP of (NP us )NP )PP )NP (VP think (SBAR (S (NP we )NP (VP 're (VP going (S (VP to (VP *UNK (NP (NP (NP David 's )NP *UNK )NP (SBAR (S (VP to (VP be (NP the (ADJP best possible )ADJP mayor )NP )VP )VP )S )SBAR )NP (PP because of (NP (NP his obligations )NP (PP to (NP us )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR , (NP we )NP (VP are (VP making (NP a *UNK mistake )NP )VP )VP . '' )S  STOP
(SINV (VP *UNKC )VP (NP (NP Ms. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP is (VP expected (S (VP to (VP win (NP (NP (NP the borough president 's )NP job )NP (SBAR (S (NP Mr. Dinkins )NP (VP is (VP *UNKING )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )SBAR , )NP (S `` (NP You )NP (VP have (S (VP to (VP remember (SBAR (S (NP David )NP (VP is (NP a *UNK )NP )VP )S )SBAR )VP )VP )S )VP )S . '' )SINV  STOP
(S But (NP (NP (NP Mr. Dinkins 's )NP sense )NP (PP of (NP *UNK )NP )PP )NP (ADVP often )ADVP (VP comes (ADVP across )ADVP (PP more as (NP (NP an insider 's )NP *UNK (S (VP not to (VP upset (NP the political apple *UNK )NP )VP )VP )S )NP )PP )VP . )S  STOP
(S (NP He )NP (VP is (VP taken (ADVP *UNK )ADVP (PP in (NP an interview )NP )PP (SBAR (WHADVP when )WHADVP (S (VP asked (SBAR whether , (S (PP as (NP mayor )NP )PP , (NP he )NP (VP plans (PP on (S (VP *UNKING (NP (NP the political `` *UNK '' )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP (NP the *UNK *UNK )NP (PP of (NP (NP New York 's )NP school system )NP )PP )NP )VP )S )SBAR )NP )VP )S )PP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (S `` (NP I )NP (VP will (VP (VP sit (ADVP down )ADVP )VP and (VP talk (NP (NP some )NP (PP of (NP the problems )NP )PP )NP (PRT out )PRT )VP , but (VP take (PRT on )PRT (NP the political system )NP )VP ? (FRAG (INTJ *UNKC )INTJ )FRAG )VP )VP , '' )S (NP he )NP (VP says (PP with (NP (NP a shake )NP (PP of (NP the head )NP )PP )NP )PP )VP . )S  STOP
(S (PP Despite (NP (NP many doubts )NP (PP about (NP his *UNK )NP )PP )NP )PP , (NP (NP white New *UNKC )NP (PRN -- (SBAR (WHNP who )WHNP (S (VP gave (NP Mr. Dinkins )NP (NP (NP 30 % )NP (PP of (NP their votes )NP )PP )NP (PP in (NP the primary )NP )PP )VP )S )SBAR -- )PRN )NP (VP are n't (VP expected (S (VP to (VP desert (PP in (NP sufficient numbers (S (VP to (VP turn (NP the election )NP (PP to (NP Mr. Giuliani )NP )PP )VP )VP )S )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The former U.S. attorney )NP , (SBAR (WHNP who )WHNP (S (VP *UNKED (NP (NP targets )NP (VP ranging (PP (PP from (NP *UNKC *UNK )NP )PP (PP to (NP Wall Street executives )NP )PP )PP )VP )NP )VP )S )SBAR , )NP (VP (VP has (VP succeeded (PP in (S (VP raising (NP (NP questions )NP (PP about (NP (NP Mr. Dinkins 's )NP *UNK standards )NP )PP )NP )VP )S )PP )VP )VP , but (VP (ADVP so far )ADVP has (VP failed (S (VP to (VP generate (NP (NP *UNK )NP (PP about (NP his own *UNK )NP )PP )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (PP As (NP (NP a Republican )NP (PP in (NP an (ADJP *UNKLY Democratic )ADJP city )NP )PP )NP )PP , (NP Mr. Giuliani )NP (VP has (NP an *UNK *UNK )NP )VP . )S  STOP
(S (PP As (NP a *UNK- candidate )NP )PP , (NP he )NP (VP has (VP been (ADJP slow (S (VP to (VP learn (NP (NP the *UNK )NP (PP of (NP New York City *UNKING )NP )PP )NP )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (NP Mr. Giuliani )NP (VP is (VP finding (SBAR that (S (NP Mr. Dinkins )NP , (PP in (NP (NP his many years )NP (PP in (NP public life )NP )PP )NP )PP , (VP has (VP built (PP up (NP (NP considerable good will )NP (SBAR (WHNP that )WHNP (S (ADVP so far )ADVP (VP has (VP led (S (NP many voters )NP (VP to (VP *UNK (NP certain *UNK )NP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(SINV (S `` (NP The bottom line )NP (VP is (SBAR that (S (NP he )NP (VP is (NP a (ADJP (ADJP very genuine )ADJP and (ADJP decent )ADJP )ADJP guy )NP )VP )S )SBAR )VP , '' )S (VP says )VP (NP (NP Malcolm *UNKC )NP , (NP a Jewish community leader )NP )NP . )SINV  STOP
(S `` (PP In (NP the end )NP )PP , (NP I )NP (VP think (SBAR (S (NP David )NP (VP will (VP be (VP *UNKED (PP for (S (VP being (NP David )NP )VP )S )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Johnson )NP (VP *UNK (NP a tape measure )NP (PP across (NP (NP the front )NP (PP of (SBAR (WHNP what )WHNP (S (VP was (ADVP once )ADVP (NP a *UNKLY *UNKC home )NP )VP )S )SBAR )PP )NP )PP )VP . )S  STOP
(S (NP (NP A deep *UNK )NP )NP (ADVP now )ADVP (VP runs (PP along (NP its north wall )NP )PP , (VP exposed (SBAR (WHADVP when )WHADVP (S (NP the house )NP (VP *UNKED (NP two feet )NP (PP off (NP its foundation )NP )PP (PP during (NP (NP last week 's )NP earthquake )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP A side *UNK )NP (VP was (VP *UNKED (PRT away )PRT )VP )VP . )S  STOP
(S (NP The *UNK )NP (VP is (NP (NP a *UNK )NP (PP of (NP *UNK )NP )PP (PP on (NP the front lawn )NP )PP )NP )VP . )S  STOP
(S (NP (NP The remainder )NP (PP of (NP the house )NP )PP )NP (VP *UNK (ADVP *UNKLY )ADVP (PP against (NP a *UNK *UNK *UNK )NP )PP )VP . )S  STOP
(S (NP (NP The *UNK , *UNK- Ms. Johnson )NP , (VP *UNKED (PP in (NP (NP *UNK )NP and (NP a *UNK )NP )NP )PP (SBAR as (S (NP she )NP (VP *UNK (PP through (NP the steady afternoon rain )NP )PP )VP )S )SBAR )VP , )NP (VP is (NP (NP a claims *UNK )NP (PP with (NP Aetna Life & Casualty )NP )PP )NP )VP . )S  STOP
(S (NP She )NP (VP has (VP been (PP on (NP the move )NP )PP (ADVP almost *UNKLY )ADVP (PP since (NP (NP last Thursday )NP , (SBAR (WHADVP when )WHADVP (S (NP (NP an army )NP (PP of (NP adjusters )NP )PP , (VP employed (PP by (NP major insurers )NP )PP )VP , )NP (VP *UNKED (NP the San Francisco area )NP (S (VP to (VP help (S (NP *UNK )NP (VP (VP *UNK (PP through (NP the *UNK )NP )PP )VP and (VP restore (NP some order )NP (PP to (NP their lives )NP )PP )VP )VP )S )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (S (VP *UNKED (PP with (NP (NP cellular *UNK )NP , (NP laptop computers )NP , (NP *UNK )NP and (NP (NP a pack )NP (PP of (NP blank checks )NP )PP )NP )NP )PP )VP )S , (NP they )NP (VP *UNK (PRT out )PRT (NP money )NP (SBAR so (S (NP their clients )NP (VP can (VP (VP find (NP temporary living quarters )NP )VP , (VP buy (NP food )NP )VP , (VP replace (NP lost clothing )NP )VP , (VP repair (NP broken water *UNK )NP )VP , and (VP *UNK (NP walls )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Some )NP (PP of (NP the funds )NP )PP )NP (VP will (VP used (S (VP to (VP (VP *UNK (NP *UNK buildings )NP )VP and (VP clear (NP sites )NP (PP for (NP future construction )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP Many adjusters )NP (VP are (VP authorized (S (VP to (VP write (NP (NP checks )NP (PP for (NP (NP amounts )NP (NP (QP up to $ 100,000 )QP )NP )NP )PP )NP (PP on (NP the spot )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP They )NP (VP do n't (VP *UNK (PP at (S (VP writing (NP them )NP )VP )S )PP )VP )VP . )S  STOP
(SINV (S `` (S (NP That )NP (VP 's (NP my job )NP )VP )S -- (S (VP get (NP -LCB- *UNK -RCB- )NP (SBAR (WHNP what )WHNP (S (NP they )NP (VP 're (ADJP *UNKED (PP to )PP )ADJP )VP )S )SBAR )VP )S , '' )S (VP says )VP (NP (NP Bill *UNKC )NP , (NP (NP a claims supervisor )NP (SBAR (WHNP who )WHNP (S (VP flew (ADVP in )ADVP (PP from (NP (NP Aetna 's )NP (NAC *UNKC , Conn. , )NAC office )NP )PP )VP )S )SBAR )NP )NP . )SINV  STOP
(S (NP (NP The *UNKC house )NP (SBAR (WHNP that )WHNP (S (NP Ms. Johnson )NP (VP is (VP *UNKING )VP )VP )S )SBAR )NP (VP has (VP been (VP *UNKED (S (ADJP *UNK )ADJP )S (PP by (NP town officials )NP )PP )VP )VP )VP . )S  STOP
(S But (NP she )NP (VP asks (NP (NP a *UNK )NP (VP *UNKING (NP the *UNK )NP (PP from (NP the lawn )NP )PP )VP )NP (S (VP to (VP give (NP her )NP (NP (NP a boost )NP (PP through (NP an open *UNK- window )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (ADVP Once inside )ADVP , (NP she )NP (VP spends (NP (QP nearly four )QP hours )NP (S (VP *UNKING and *UNKING (NP (NP each room )NP (PP in (NP the *UNK- house )NP )PP )NP )VP )S , (S (VP gathering (NP enough information (S (VP to (VP estimate (SBAR (WHNP what )WHNP (S (NP (NP it )NP )NP (VP would (VP cost (S (VP to (VP rebuild (NP it )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP )S )NP )VP )S )VP . )S  STOP
(S (NP She )NP (VP *UNK (NP (NP photos )NP (PP of (NP (NP the *UNKED *UNK )NP and (NP (NP the *UNK )NP (SBAR (WHNP that )WHNP (S (VP has (VP fallen (PP (ADVP away )ADVP from (NP the walls )NP )PP )VP )VP )S )SBAR )NP )NP )PP )NP )VP . )S  STOP
(S (SBAR While (S (NP she )NP (VP works (ADVP inside )ADVP )VP )S )SBAR , (NP a *UNK )NP (VP returns (PP with (NP several friends )NP )PP (S (VP to (VP collect (NP furniture and clothing )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP One )NP (PP of (NP the friends )NP )PP )NP (VP (VP *UNK (NP (NP broken *UNK )NP and (NP *UNKED glass )NP )NP (PP from (NP a *UNK )NP )PP )VP and (VP starts (S (VP to (VP pack (SBAR (WHNP what )WHNP (S (VP can (VP be (VP *UNKED (PP from (NP the *UNK )NP )PP )VP )VP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (NP Others )NP (VP *UNK (NP (NP books )NP , (NP records )NP , (NP *UNK *UNK )NP , (NP *UNK )NP and (NP chairs )NP )NP , (S (VP working (ADVP *UNKLY )ADVP (PP in (NP the fear (SBAR that (S (NP an *UNK )NP (VP will (VP *UNK (NP the house )NP (ADVP again )ADVP )VP )VP )S )SBAR )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP The owners )NP , (NP William and *UNKC *UNKC )NP , )NP (VP are (ADJP (ADJP *UNK )ADJP (PP than (NP many others )NP )PP )ADJP )VP . )S  STOP
(S (ADVP (NP A few years )NP ago )ADVP , (NP Mrs. *UNKC )NP (VP insisted (PP on (S (VP buying (NP (NP earthquake insurance )NP (PP for (NP (NP this house )NP , (SBAR (WHNP which )WHNP (S (VP had (VP been (VP converted (PP into (NP apartments )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )VP )S )PP )VP . )S  STOP
(S (NP (NP (QP Only about 20 )QP % )NP (PP of (NP California home and business owners )NP )PP )NP (VP carried (NP earthquake coverage )NP )VP . )S  STOP
(S (NP (NP (NP The *UNKC ' )NP own home )NP (PRN , (PP (ADVP also )ADVP in (NP Los *UNKC )NP )PP , )PRN )NP (VP suffered (NP (ADJP *UNKLY minor )ADJP damage )NP )VP . )S  STOP
(S (NP (NP Ms. Johnson )NP , (SBAR (WHNP who )WHNP (S (VP works (PP out (PP of (NP (NP (NP Aetna 's )NP office )NP (PP in (NP (NP *UNKC Creek )NP , (NP an East Bay *UNK )NP , )NP )PP )NP )PP )PP )VP )S )SBAR )NP (VP is (VP *UNKED (PP by (NP (NP the earthquake 's )NP *UNK force )NP )PP )VP )VP . )S  STOP
(S (S `` (NP It )NP (ADVP really )ADVP (VP brings (NP you )NP (PP down (PP to (NP a human level )NP )PP )PP )VP , '' )S (NP she )NP (VP says )VP . )S  STOP
(S `` (S (NP (NP It )NP )NP (VP 's (ADJP hard )ADJP (S (VP to (VP accept (NP (NP all the suffering )NP (SBAR (S (NP people )NP (VP are (VP going (PP through )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP )S , but (S (NP you )NP (VP have (S (VP to )VP )S )VP )S . )S  STOP
(S (SBAR If (S (NP you )NP (VP do n't )VP )S )SBAR , (NP you )NP (VP ca n't (VP do (NP your job )NP )VP )VP . '' )S  STOP
(S (PP For (NP (NP Aetna )NP and (NP other insurers )NP )NP )PP , (NP the San Francisco earthquake )NP (VP hit (SBAR (WHADVP when )WHADVP (S (NP (NP resources )NP (PP in (NP the field )NP )PP )NP (ADVP already )ADVP (VP were (VP *UNKED )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Most companies )NP (ADVP still )ADVP (VP are (VP trying (S (VP to (VP sort (PP through (NP (NP the *UNK )NP (VP caused (PP by (NP (NP Hurricane Hugo )NP (PP in (NP the *UNKC )NP )PP )NP )PP (NP last month )NP )VP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Aetna )NP , (SBAR (WHNP which )WHNP (S (VP has (NP (QP nearly 3,000 )QP adjusters )NP )VP )S )SBAR , )NP (VP had (VP *UNKED (NP (NP (QP about 750 )QP )NP (PP of (NP them )NP )PP )NP (PP in (NP *UNKC , Columbia , and *UNKC )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (SBAR (WHNP who )WHNP (S (VP had (VP been (VP working (PP on (NP the East Coast )NP )PP )VP )VP )VP )S )SBAR )NP (VP say (SBAR (S (NP the insurer )NP (VP will (ADVP still )ADVP (VP be (VP processing (NP (NP claims )NP (PP from (NP that storm )NP )PP )NP (PP through (NP December )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP It )NP )NP (VP could (VP take (NP (QP six to nine )QP months )NP (S (VP to (VP handle (NP the *UNKED claims )NP )VP )VP )S )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP the earthquake )NP (VP *UNKED (NP northern California )NP (NP last week )NP )VP )S )SBAR , (NP (NP Aetna senior claims executives )NP (PP from (NP the San Francisco area )NP )PP )NP (VP were (PP at (NP (NP the company 's )NP (NAC Hartford , Conn. , )NAC headquarters )NP )PP (PP for (NP (NP additional training )NP (PP on (SBAR (WHADVP how )WHADVP (S (VP to (VP handle (NP (NP major *UNK )NP , (PP including (NP earthquakes )NP )PP )NP )VP )VP )S )SBAR )PP )NP )PP )VP . )S  STOP
(S (SBAR Since (S (NP commercial airline flights )NP (VP were (VP *UNKED )VP )VP )S )SBAR , (NP the company )NP (VP *UNKED (NP three planes )NP (S (VP to (VP (VP fly (NP these executives )NP (ADVP back )ADVP (PP to (NP the West Coast )NP )PP )VP and (VP bring (ADVP along )ADVP (NP (NP portable computers )NP , (NP cellular *UNK )NP and (NP some claims adjusters )NP )NP )VP )VP )VP )S )VP . )S  STOP
(S (PP Because of (NP (NP the difficulty )NP (PP of (S (VP *UNKING (NP (NP the damages )NP (VP caused (PP by (NP the earthquake )NP )PP )VP )NP )VP )S )PP )NP )PP , (NP Aetna )NP (VP pulled (ADJP together )ADJP (NP (NP a team )NP (PP of (NP its (ADJP most experienced )ADJP claims adjusters )NP )PP )NP (PP from (PP around (NP the country )NP )PP )PP )VP . )S  STOP
(S (ADVP Even so )ADVP , (NP few )NP (VP had (ADVP ever )ADVP (VP *UNK (PP with (NP an earthquake )NP )PP )VP )VP . )S  STOP
(S (NP (NP Some adjusters )NP , (PP like (NP (NP Alan *UNKC )NP (PP of (NP San Diego )NP )PP )NP )PP , )NP (VP had (VP been (VP working (PP in (NP Charleston )NP )PP (PP for (NP (QP nearly four )QP weeks )NP )PP )VP )VP )VP . )S  STOP
(S (NP He )NP (VP (VP returned (ADVP home )ADVP (NP last Thursday )NP )VP , (VP *UNKED (NP a *UNK )NP (PP with (NP fresh clothes )NP )PP )VP and (VP reported (PP for (NP duty )NP )PP (NP Friday )NP (PP in (NP *UNKC Creek )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP were (VP set (PRT up )PRT (PP in (NP (NP San Francisco )NP and (NP San Jose )NP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP a few *UNK )NP )PP , (NP Aetna )NP (VP knew (SBAR (S (NP it )NP (VP would (ADVP probably )ADVP (VP be (VP *UNKING (PRT out )PRT (NP big *UNK )NP )VP )VP )VP )S )SBAR , (SBAR (ADVP even )ADVP before (S (NP a client )NP (VP called or *UNKED (PRT in )PRT (NP a claim )NP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP example )NP )PP , (NP (NP officials )NP (PP at (NP *UNKC Creek office )NP )PP )NP (VP learned (SBAR that (S (NP (NP the *UNKC Hotel )NP (PP near (NP the San Francisco airport )NP )PP , (SBAR (WHNP which )WHNP (S (VP is (VP insured (PP by (NP Aetna )NP )PP )VP )VP )S )SBAR , )NP (VP was (VP (ADVP badly )ADVP damaged (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP saw (NP it )NP (PP on (NP network television news )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(SINV (S `` (NP (NP The secret )NP (PP to (S (VP being (NP a good *UNK )NP )VP )S )PP )NP (VP is (NP counting )NP )VP , '' )S (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP an Aetna *UNK )NP (PP from (NP Santa *UNKC )NP )PP )NP )NP . )SINV  STOP
(S `` (NP You )NP (VP have (S (VP to (VP count (NP everything )NP )VP )VP )S )VP . '' )S  STOP
(S (NP *UNKC )NP (VP must (VP count (NP (NP the number )NP (PP of (NP *UNK , *UNK , *UNK , *UNK , *UNK and *UNK )NP )PP )NP )VP )VP . )S  STOP
(S But (NP they )NP (VP must (ADVP also )ADVP (VP *UNK (NP a price )NP (PP (PP to (NP (NP each )NP (PP of (NP these items )NP )PP )NP )PP (CONJP as well as )CONJP (PP to (NP *UNK , *UNK , *UNKING and *UNKING )NP )PP )PP , (S (VP to (VP come (ADVP up )ADVP (PP with (NP (NP a total value )NP (PP for (NP a house )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (S (VP To (VP do (NP that )NP )VP )VP )S , (NP they )NP (VP must (VP think (PP in (NP (NP terms )NP (PP of (NP (NP (NP *UNK )NP (PP by (NP the square foot )NP )PP )NP , (NP (NP *UNKING )NP (PP by (NP the square *UNK )NP )PP )NP , (NP (NP *UNK )NP (PP by (NP the roll )NP )PP )NP , (NP (NP *UNKING )NP (PP by (NP the *UNK foot )NP )PP )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (VP Using (NP (NP a *UNK )NP and (NP (NP a *UNK- guide )NP (PP for (NP (NP such jobs )NP (PP as (NP painting , *UNKING and *UNKING )NP )PP )NP )PP (PP in (NP (NP each major region )NP (PP of (NP the country )NP )PP )NP )PP )NP )NP )VP )S , (NP adjusters )NP (VP can (VP figure (PRT out )PRT (NP (NP (NP the value )NP (PP of (NP a home )NP )PP (PP in (NP (NP today 's )NP market )NP )PP )NP and (SBAR (WHNP what )WHNP (S (NP it )NP (VP would (VP cost (S (VP to (VP rebuild (NP it )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (ADVP Sometimes )ADVP (NP repairs )NP (VP are (PP out (PP of (NP the question )NP )PP )PP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP Aetna *UNK Bill *UNKC )NP (VP visited (NP a retired couple )NP (PP in (NP Oakland )NP )PP (NP last Thursday )NP )VP )S )SBAR , (NP he )NP (VP found (S (NP them )NP (VP living (PP in (NP (NP a *UNK home )NP (VP *UNKED (PP in (NP (NP front )NP (PP of (NP their *UNK )NP )PP )NP )PP )VP )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP (NP The house )NP (NP itself )NP )NP , (VP located (NP (NP (QP about 50 )QP *UNK )NP (PP from (NP (NP the collapsed section )NP (PP of (NP *UNK- highway Interstate *UNKN )NP )PP )NP )PP )NP )VP , )NP (VP (VP was (VP pushed (PP (NP (QP about four )QP feet )NP off (NP its foundation )NP )PP )VP )VP and (VP (ADVP then )ADVP collapsed (PP into (NP its *UNK )NP )PP )VP )VP . )S  STOP
(S (NP The next day )NP , (NP Mr. *UNKC )NP (VP presented (NP the couple )NP (PP with (NP (NP a check )NP (PP for (NP $ *UNKN )NP )PP )NP )PP (S (VP to (VP help (S (NP them )NP (VP build (NP a new home )NP (PP in (NP the same neighborhood )NP )PP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP He )NP (ADVP also )ADVP (VP is (VP working (PP with (NP a real-estate agent )NP )PP (S (VP to (VP help (VP find (NP them )NP (NP (NP an apartment )NP (SBAR (S (VP to (VP rent (SBAR while (S (NP their home )NP (VP is (VP being (VP built )VP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Many )NP (PP of (NP (NP the adjusters )NP (VP employed (PP by (NP (NP Aetna )NP and (NP other insurers )NP )NP )PP )VP )NP )PP )NP (VP have (NP (NP some experience )NP (PP with (NP (NP construction work )NP or (NP *UNK )NP )NP )PP )NP )VP . )S  STOP
(S But (NP such skills )NP (VP were (ADJP *UNK (PP to (NP *UNKC Johnson )NP )PP )ADJP )VP . )S  STOP
(S (ADVP (NP Four years )NP ago )ADVP , (NP she )NP (VP (VP was (VP managing (NP a *UNKING shop )NP )VP )VP and (VP was (ADJP totally *UNKED )ADJP )VP )VP . )S  STOP
(S (NP A friend )NP (VP mentioned (SBAR that (S (NP she )NP (VP might (VP want (S (VP to (VP look (PP into (NP (NP a position )NP (PP at (NP Aetna )NP )PP )NP )PP )VP )VP )S , (SBAR if (S (NP she )NP (VP was (ADJP interested (PP in (NP (NP a job )NP (SBAR (WHNP that )WHNP (S (VP would (ADVP constantly )ADVP (VP challenge (NP her )NP )VP )VP )S )SBAR )NP )PP )ADJP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP She )NP (VP signed (ADVP up )ADVP , (S (VP starting (PP as (NP (NP an `` inside '' *UNK )NP , (SBAR (WHNP who )WHNP (S (VP (VP *UNK (NP minor claims )NP )VP and (VP does (NP (NP a lot )NP (PP of (NP (NP work )NP )NP )PP )NP (PP by (NP phone )NP )PP )VP )VP )S )SBAR )NP )PP )VP )S )VP . )S  STOP
(S (ADVP (NP A year )NP later )ADVP , (NP she )NP (VP moved (PP to (NP the commercial property claims division )NP )PP )VP . )S  STOP
(S (NP She )NP (VP spent (NP a month )NP (PP at (NP (NP an Aetna school )NP (PP in (NP (NP *UNKC )NP , (NP Pa. )NP )NP )PP )NP )PP , (S (VP learning (PP (ADVP all )ADVP about (NP (NP the construction trade )NP , (PP including (NP (NP *UNK )NP , (NP *UNKING )NP and (NP electrical *UNKING )NP )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (NP That )NP (VP was (VP followed (PP by (NP (NP three months )NP (PP at (NP (NP the Aetna Institute )NP (PP in (NP Hartford )NP )PP , (SBAR (WHADVP where )WHADVP (S (NP she )NP (VP was (VP *UNKED (PP in (S (VP learning (SBAR (WHADVP how )WHADVP (S (VP to (VP read and *UNK (NP policies )NP )VP )VP )S )SBAR )VP )S )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Her new line )NP (PP of (NP work )NP )PP )NP (VP has (NP some *UNK )NP )VP . )S  STOP
(S (ADVP Recently )ADVP , (NP a contractor )NP (VP *UNKED (NP her )NP (PP from (S (VP falling (NP three stories )NP )VP )S )PP (SBAR as (S (NP she )NP (VP *UNKED (SBAR (WHNP what )WHNP (S (VP remained (PP of (NP (NP an old *UNKC house )NP (VP *UNKED (PP by (NP an *UNK )NP )PP )VP )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S `` (NP I )NP (VP owe (NP that contractor )NP )VP . )S  STOP
(S (S (NP I )NP (ADVP really )ADVP (VP do )VP , '' )S (NP she )NP (VP says )VP . )S  STOP
(S (SBAR As (S (NP Ms. Johnson )NP (VP stands (PP outside (NP the *UNKC house )NP )PP (PP after (S (VP *UNKING (PRT up )PRT (NP her *UNK )NP (NP there )NP )VP )S )PP )VP )S )SBAR , (NP the house )NP (VP begins (S (VP to (VP *UNK and *UNK )VP )VP )S )VP . )S  STOP
(S (NP (NP The ground )NP )NP (VP *UNK (PP *UNK (NP her )NP )PP )VP . )S  STOP
(S (S (NP It )NP (VP is (NP (NP an *UNK )NP , (NP (NP one )NP (PP of (NP (NP (QP about 2,000 )QP )NP (PP since (NP the earthquake )NP )PP )NP )PP )NP )NP )VP )S , and (S (NP it )NP (VP makes (S (NP her )NP (ADJP *UNK )ADJP )S )VP )S . )S  STOP
(S (NP The next day )NP , (SBAR as (S (NP she )NP (VP *UNK (NP (NP a (ADJP $ 10,000 )ADJP check )NP (PP for (NP the *UNKC )NP )PP , (SBAR (WHNP which )WHNP (S (VP will (VP cover (NP (NP the cost )NP (PP of (S (VP (VP *UNKING (NP the house )NP )VP and (VP clearing (ADVP away )ADVP (NP the *UNK )NP )VP )VP )S )PP )NP )VP )VP )S )SBAR )NP )VP )S )SBAR , (NP she )NP (VP *UNK (PP at (NP the *UNK *UNK )NP )PP )VP . )S  STOP
(S (PP On (NP further *UNK )NP )PP , (NP she )NP (VP admits (SBAR that (S (S (VP *UNKING (PP inside (NP (NP the *UNKC ' )NP house )NP )PP (NP the previous day )NP )VP )S (VP was n't (NP `` such a great idea )NP )VP )S )SBAR )VP . '' )S  STOP
(S (PP During (NP (NP her second meeting )NP (PP with (NP the *UNKC )NP )PP )NP )PP , (NP Ms. Johnson )NP (VP reviews (SBAR (WHNP exactly what )WHNP (S (NP their policy )NP (VP covers )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP (VP would (VP like (S (VP to (VP *UNK (NP (NP some *UNK )NP (PP on (NP the second floor )NP )PP )NP )VP )VP )S )VP )VP , but (VP wonder (SBAR if (S (NP (NP it )NP )NP (VP 's (ADJP safe )ADJP (S (VP to (VP venture (ADVP inside )ADVP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Ms. Johnson )NP (VP tells (NP them )NP (SBAR that , (S (SBAR if (S (NP the *UNK )NP (VP ca n't (VP be (VP *UNKED )VP )VP )VP )S )SBAR , (NP their policy )NP (VP covers (NP the replacement cost )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (ADJP eager (S (VP to (VP know (SBAR (WHNP what )WHNP (S (NP Aetna )NP (VP will (VP pay (PP for (NP (NP the house )NP , (SBAR (WHNP which )WHNP (S (VP has (S (VP to (VP come (PRT down )PRT )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP )VP )S )ADJP )VP . )S  STOP
(S (SBARQ `` (WHADVP When )WHADVP (SQ will (NP I )NP (VP get (NP (NP that check )NP (PP for (NP a million dollars )NP )PP )NP )VP )SQ ? '' )SBARQ (NP he )NP (VP *UNK )VP . )S  STOP
(S (NP The *UNK )NP (VP (VP had n't (VP completed (NP all the calculations )NP )VP )VP , but (VP says : `` (S (NP We )NP (VP 're (VP talking (NP policy limits )NP )VP )VP )S )VP )VP . '' )S  STOP
(S (PP In (NP this case )NP )PP , (NP that )NP (VP 's (NP (QP about $ 250,000 )QP )NP )VP . )S  STOP
(S (NP (NP It )NP )NP (ADVP suddenly )ADVP (VP *UNK (PP on (NP Mr. *UNKC )NP )PP (SBAR that (S (S (VP *UNKING (NP the house )NP (PP in (NP (NP Los *UNKC )NP , (NP (NP an affluent community )NP (PP in (NP Santa *UNKC County )NP )PP )NP , )NP )PP )VP )S (VP may (VP cost (NP (NP more )NP (SBAR than (S (NP (NP Aetna 's )NP policy )NP (VP will (VP pay )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S `` (NP We )NP (VP can (VP lose (NP money )NP (PP on (NP this )NP )PP )VP )VP , '' )S (NP he )NP (VP says )VP . )S  STOP
(SINV (S `` And (NP you )NP (VP did n't (VP want (S (NP me )NP (VP to (VP buy (NP earthquake insurance )NP )VP )VP )S )VP )VP , '' )S (VP says )VP (NP Mrs. *UNKC )NP , (S (VP (VP reaching (PP across (NP the table )NP )PP )VP and (VP (ADVP *UNKLY )ADVP *UNKING (NP his hand )NP )VP )VP )S . )SINV  STOP
(S (S (NP *UNKC insurance )NP (VP costs (NP (NP (QP about $ 2 to $ 4 )QP )NP (ADVP annually )ADVP )NP (PP for (NP (NP (QP every $ 1,000 )QP )NP (PP of (NP value )NP )PP )NP )PP )VP )S , and (S (NP high *UNK )NP (VP mean (SBAR (S (NP it )NP (ADVP generally )ADVP (VP pays (SBAR (WHADVP (ADVP only )ADVP when )WHADVP (S (NP there )NP (VP is (NP a catastrophe )NP )VP )S )SBAR )VP )S )SBAR )VP )S . )S  STOP
(S (ADVP So )ADVP , (NP many *UNKC )NP (VP believe (SBAR (S (NP they )NP (VP can (VP get (PRT by )PRT (PP without (NP it )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Even Ms. Johnson )NP (NP *UNK )NP )NP (VP made (NP that assumption )NP )VP . )S  STOP
(S (S `` (NP I )NP (ADVP always )ADVP (VP knew (SBAR that (S (NP the ` Big One ' )NP (VP was (VP coming , (PP but (PP not during (NP my *UNK )NP )PP )PP )VP )VP )S )SBAR )VP , '' )S (NP she )NP (VP says )VP . )S  STOP
(S (ADVP Now )ADVP (NP she )NP (VP says (SBAR (S (NP she )NP (VP 's (VP thinking (PP of (S (VP *UNKING (NP her own insurance agent )NP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP Ms. Johnson )NP )PP , (S (VP dealing (PP with (NP the earthquake )NP )PP )VP )S (VP has (VP been (ADJP (ADJP more )ADJP (PP than (NP just a work experience )NP )PP )ADJP )VP )VP . )S  STOP
(S (NP She )NP (VP lives (PP in (NP (NP Oakland )NP , (NP (NP a community )NP (VP hit (ADVP hard )ADVP (PP by (NP the earthquake )NP )PP )VP )NP )NP )PP )VP . )S  STOP
(S (NP She )NP (VP did n't (VP have (NP hot water )NP (PP for (NP five days )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP The apartment )NP (SBAR (S (NP she )NP (VP shares (PP with (NP (NP a *UNK- daughter )NP and (NP her sister )NP )NP )PP )VP )S )SBAR )NP (VP was (VP *UNKED )VP )VP )S , (S (NP books and *UNK )NP (VP hit (NP the floor )NP )VP )S , but (S (NP nothing )NP (VP was (ADJP severely damaged )ADJP )VP )S . )S  STOP
(S (NP (NP Her sister )NP , (NP *UNKC )NP , )NP (VP *UNK (SBAR (S (NP *UNKC )NP (VP had (NP a different job )NP )VP )S )SBAR )VP . )S  STOP
(S (S `` (NP We )NP (VP worry (PP about (NP (NP her )NP (ADVP out there )ADVP )NP )PP )VP , '' )S (NP *UNKC )NP (VP says )VP . )S  STOP
(S (NP Last Sunday )NP , (NP Ms. Johnson )NP (VP (VP (ADVP finally )ADVP got (NP a chance (S (VP to (VP water (NP her plants )NP )VP )VP )S )NP )VP , but (VP stopped (ADVP *UNKLY )ADVP )VP )VP . )S  STOP
(S `` (NP I )NP (VP realized (SBAR (S (NP I )NP (VP could n't (VP waste (NP this water )NP (SBAR (WHADVP when )WHADVP (S (NP there )NP (VP are (NP (NP people )NP (PP in (NP *UNKC )NP )PP (SBAR (WHNP who )WHNP (S (VP do n't (VP have (NP (NP fresh water )NP (SBAR (S (VP to (VP drink )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP She )NP (VP has n't (VP played (NP any music )NP (SBAR since (S (NP the earthquake )NP (VP hit )VP )S )SBAR , (PP out (PP of (NP (NP respect )NP (PP for (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP died (PP on (NP (NP Interstate *UNKN )NP (SBAR (WHADVP where )WHADVP (S (NP the *UNK )NP (VP collapsed )VP )S )SBAR )NP )PP )VP )S )SBAR )NP )PP )NP )PP )PP )VP )VP . )S  STOP
(S (NP The Federal Communications Commission )NP (VP (VP allowed (S (NP American Telephone & Telegraph Co. )NP (VP to (VP continue (S (VP offering (NP (NP discount phone services )NP (PP for (NP *UNK- customers )NP )PP )NP )VP )S )VP )VP )S )VP and (VP said (SBAR (S (NP it )NP (VP would (ADVP soon )ADVP (VP *UNK- (NP (NP its regulation )NP (PP of (NP the long-distance market )NP )PP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The FCC moves )NP (VP were (NP good news )NP (PP for (NP (NP AT&T )NP , (SBAR (WHNP which )WHNP (S (VP has (VP been (VP *UNKING (PP since (NP (NP the breakup )NP (PP of (NP the phone system )NP )PP )NP )PP (PP for (NP (NP (NP greater *UNK )NP (PP in (NP pricing )NP )PP )NP and (NP reduced regulation )NP )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP Alfred *UNKC )NP , (NP the new FCC chairman )NP , )NP (VP *UNKED (NP (NP deregulation )NP (PP of (NP AT&T )NP )PP )NP (PP at (NP (NP his last job )NP (PP as (NP (NP head )NP (PP of (NP a Commerce Department telecommunications agency )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S But (NP (NP it )NP )NP (VP has (VP been (NP an open question )NP (SBAR whether (S (NP (NP Mr. *UNKC )NP , (NP an (ADJP *UNKLY cautious )ADJP man )NP , )NP (VP would (VP continue (S (VP pushing (NP deregulation )NP (PP at (NP the FCC )NP )PP (PP in (NP (NP the face )NP (PP of (SBAR (WHNP what )WHNP (S (VP is (ADJP likely (S (VP to (VP be (NP great political pressure )NP )VP )VP )S )ADJP )VP )S )SBAR )PP )NP )PP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(SINV (S `` (NP It )NP (VP means (SBAR that (S (NP *UNKC )NP (VP is (ADJP serious (PP about (NP (NP the deregulation )NP (PP of (NP long distance )NP )PP )NP )PP )ADJP )VP )S )SBAR )VP , '' )S (VP said )VP (NP (NP Jack *UNKC )NP , (NP (NP a telecommunications analyst )NP (PP at (NP PaineWebber Inc. )NP )PP )NP , (SBAR (WHNP who )WHNP (S (VP attended (NP the FCC meeting )NP )VP )S )SBAR )NP . )SINV  STOP
(S `` (NP All the *UNK )NP (VP were (PP in (NP *UNKING agreement (PRN -LCB- (S (VP to (VP *UNK- (NP regulation )NP )VP )VP )S -RCB- )PRN )NP )PP (PP for (S (VP (ADVP only )ADVP having (VP been (ADVP together )ADVP (PP for (NP a few months )NP )PP )VP )VP )S )PP )VP . '' )S  STOP
(S (NP The FCC )NP (VP took (NP (NP three specific actions )NP (VP regarding (NP AT&T )NP )VP )NP )VP . )S  STOP
(S (PP By (NP a *UNKN vote )NP )PP , (NP it )NP (VP allowed (S (NP AT&T )NP (VP to (VP continue (S (VP offering (NP (NP special discount packages )NP )NP (PP to (NP big customers )NP )PP , (VP called (S (NP *UNKC 12 )NP )S )VP )VP )S )VP )VP )S , (S (VP *UNKING (NP (NP appeals )NP (PP by (NP AT&T competitors )NP )PP (SBAR that (S (NP the discounts )NP (VP were (ADJP illegal )ADJP )VP )S )SBAR )NP )VP )S )VP . )S  STOP
(S (ADVP Then )ADVP (PP by (NP a separate *UNKN vote )NP )PP , (NP it )NP (VP chose (NP (NP the *UNK possible grounds )NP (SBAR (S (VP to (VP strike (PRT down )PRT (NP (NP a different discount plan )NP , (VP called (S (NP *UNKC 15 )NP )S )VP , (SBAR (WHNP that )WHNP (S (NP AT&T )NP (VP offered (PP to (NP Holiday Corp )NP )PP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP AT&T )NP (VP gave (NP a (ADJP (QP 5 % to 10 )QP % )ADJP discount )NP (PP to (NP (NP the (NAC *UNKC , Tenn. , )NAC company )NP (SBAR (WHNP that )WHNP (S (VP oversees (NP Holiday *UNKC )NP )VP )S )SBAR )NP )PP , (PP in (NP (NP response )NP (PP to (NP (NP a similar discount )NP (VP offered (PP to (NP Holiday Corp. )NP )PP (PP by (NP MCI Communications Corp )NP )PP )VP )NP )PP )NP )PP )VP . )S  STOP
(S (NP The agency )NP (VP said (SBAR that (S (SBAR because (S (NP (NP MCI 's )NP offer )NP (VP had (VP expired )VP )VP )S )SBAR (NP AT&T )NP (VP could n't (VP continue (S (VP to (VP offer (NP its discount plan )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP the agency )NP (ADVP specifically )ADVP (VP did n't (VP rule (SBAR whether (S (NP AT&T )NP (VP had (NP the right (S (VP to (VP match (NP (NP offers )NP (PP by (NP competitors )NP )PP )NP )VP )VP )S )NP (SBAR if (S (NP that )NP (VP means (S (VP giving (NP (NP discounts )NP (ADJP not generally available (PP to (NP other phone users )NP )PP )ADJP )NP )VP )S )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP Indeed )ADVP , (NP (NP Joe *UNKC )NP , (NP (NP (NP AT&T 's )NP vice president )NP (PP for (NP *UNK- services )NP )PP )NP , )NP (VP said (SBAR (S (NP AT&T )NP (VP offered (NP a similar *UNKC 15 discount )NP (PP to (NP (NP *UNKC *UNKC International )NP , (PP of (NP Indianapolis )NP )PP , )NP )PP (S (VP to (VP meet (NP another MCI bid )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP The FCC )NP `` (VP did n't (VP say (SBAR (S (NP I )NP (VP could n't (VP do (NP it )NP (ADVP again )ADVP )VP )VP )S )SBAR )VP )VP , '' )S (NP he )NP (VP said )VP . )S  STOP
(S (PP (ADVP *UNKC )ADVP from (NP those two actions )NP )PP , (NP (NP Mr. *UNKC )NP and (NP the three other *UNK )NP )NP (VP said (SBAR (S (NP they )NP (VP expect (S (VP to (VP *UNK- (SBAR (WHADVP how )WHADVP (S (NP AT&T )NP (VP is (VP regulated )VP )VP )S )SBAR (SBAR since (S (NP competition )NP (VP has (VP increased )VP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Richard *UNKC )NP , (NP (NP chief )NP (PP of (NP (NP the FCC 's )NP *UNK- bureau )NP )PP )NP , )NP (VP said (SBAR (S (NP he )NP (VP expected (S (NP the agency )NP (VP to (VP propose (NP new rules )NP (NP next year )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP AT&T )NP (VP *UNKED (NP (NP the FCC 's )NP actions )NP )VP . )S  STOP
(S (S `` (NP (NP The time )NP )NP (VP is (ADJP long *UNK )ADJP (SBAR (S (VP to (VP take (NP a look )NP (PP at (NP (NP (NP the *UNK competition )NP (PP in (NP the long-distance business )NP )PP )NP and (NP (NP the rules )NP (VP governing (NP it )NP )VP )NP )NP )PP )VP )VP )S )SBAR )VP , '' )S (NP the New York telecommunications firm )NP (VP said (PP in (NP a statement )NP )PP )VP . )S  STOP
(S But (NP (NP MCI )NP , (PP of (NP Washington )NP )PP , )NP (VP was (ADJP *UNKED (PP with (NP (NP the FCC decision )NP (VP concerning (NP *UNKC 12 )NP )VP )NP )PP )ADJP , (S (VP arguing (SBAR that (S `` (NP AT&T )NP (VP can not (VP be (VP allowed (S (VP to (VP *UNK (NP FCC rules )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP )S )VP . '' )S  STOP
(S (NP (NP United *UNKC Inc. 's )NP *UNK *UNKC unit )NP (VP said (SBAR (S (NP it )NP (VP was (ADJP `` obviously disappointed '' (PP with (NP (NP the FCC decision )NP (PP on (NP *UNKC 12 )NP )PP )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNK *UNKC )NP (VP said (FRAG (VP was (SBAR (S (NP it )NP (VP will (VP petition (NP the FCC decision )NP (PP in (NP federal court )NP )PP )VP )VP )S )SBAR )VP )FRAG )VP . )S  STOP
(SINV (S `` (NP We )NP (VP believe (SBAR that (S (NP the court )NP (VP will (VP find (S (NP it )NP (ADJP *UNK )ADJP )S )VP )VP )S )SBAR )VP , '' )S (VP said )VP (NP a US *UNKC spokesman )NP . )SINV  STOP
(S (ADVP Separately )ADVP , (NP AT&T )NP (VP filed (NP a *UNK )NP (PP against (NP MCI )NP )PP (S (VP *UNKING (NP it )NP (PP of (S (VP misleading (NP consumers )NP (PP through (NP (ADJP allegedly `` false and *UNK '' )ADJP advertising )NP )PP )VP )S )PP )VP )S )VP . )S  STOP
(S (NP The AT&T action )NP (VP was (NP (NP the (ADJP most recent )ADJP blow )NP (PP in (NP a *UNK fight )NP )PP )NP )VP . )S  STOP
(S (NP Earlier this month )NP , (NP MCI )NP (VP sued (NP AT&T )NP (PP in (NP federal district court )NP )PP , (S (VP claiming (SBAR that (S (NP (NP AT&T 's )NP ads )NP (VP are (ADJP false )ADJP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP AT&T )NP (VP *UNKED (NP (NP (NP three )NP (PP of (NP (NP its top executives )NP (PP in (NP Washington )NP )PP )NP )PP )NP , (NP (NP all )NP (ADJP *UNKLY angry )ADJP )NP )NP , (S (VP to (VP try (S (VP to (VP *UNK (NP (NP MCI 's )NP charges )NP )VP )VP )S )VP )VP )S )VP . )S  STOP
(SINV (S `` (NP MCI )NP (VP has (VP made (NP *UNK )NP (PP out (PP of (NP (NP the upper *UNK )NP (PP of (NP AT&T )NP )PP )NP )PP )PP )VP )VP , '' )S (VP said )VP (NP (NP (NP PaineWebber 's )NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP said (SBAR (S (NP he )NP (VP expected (S (NP AT&T )NP (VP to (VP become (ADJP increasingly aggressive (PP in (S (VP dealing (PP with (NP its longtime *UNK )NP )PP )VP )S )PP )ADJP )VP )VP )S )VP )S )SBAR )VP )S )SBAR )NP . )SINV  STOP
(S (NP (NP *UNKC *UNKC *UNKC )NP (PP in (NP Philadelphia )NP )PP )NP (ADVP also )ADVP (VP contributed (PP to (NP this article )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP (NP investors ' )NP dollars )NP )PP )NP (VP are (VP pouring (PP out (PP of (NP (NP the nation 's )NP junk-bond mutual funds )NP )PP )PP , (S (VP *UNKING (NP (NP a *UNK )NP (PP of (NP support )NP )PP (PP in (NP the (ADJP already *UNKING )ADJP junk market )NP )PP )NP )VP )S )VP )VP . )S  STOP
(S (NP (NP Last week )NP (NP alone )NP )NP , (NP (NP an (ADJP *UNKING (QP $ 1.6 billion )QP )ADJP )NP )NP (VP *UNKED (PP out (PP of (NP the junk funds )NP )PP )PP , (NP or (NP (NP (QP nearly 5 )QP % )NP (PP of (NP their total assets )NP )PP )NP )NP , (PP according (PP to (NP (NP estimates )NP (PP by (NP (NP *UNKC Financial Services Inc. )NP , (NP a Boston research firm )NP )NP )PP )NP )PP )PP )VP . )S  STOP
(S (S (PP In (NP the past two months )NP )PP (NP (NP the nation 's )NP 88 junk funds )NP (VP have (VP lost (NP (NP a total )NP (PP of (NP (NP (QP about $ 6 billion )QP )NP (PRN -- (NP (NP (QP more than 15 )QP % )NP (PP of (NP assets )NP )PP )NP -- )PRN )NP )PP )NP (PP through (NP (NP sales or transfers )NP (PP of (NP *UNK- shares )NP )PP )NP )PP )VP )VP )S , (NP *UNKC )NP (VP says )VP . )S  STOP
(S (NP It )NP (VP made (NP the estimates )NP (PP based (PP on (NP (NP data )NP (VP *UNKED (PP from (NP (QP more than a dozen )QP big junk funds )NP )PP )VP )NP )PP )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP with (NP (NP three major fund groups )NP (PRN -- (NP (NP Fidelity Investments )NP , (NP *UNKC Group Inc. )NP and (NP T. Rowe Price Associates Inc. )NP )NP -- )PRN )NP )PP )NP (VP confirm (NP the trend )NP )VP . )S  STOP
(S (NP (NP Their junk funds )NP (VP combined )VP )NP (VP have (VP had (NP (NP net *UNK )NP (VP totaling (NP (NP (QP nearly $ 500 million )QP )NP , or (NP (NP (QP about 13 )QP % )NP (PP of (NP their junk fund assets )NP )PP )NP , )NP )VP )NP (PP in (NP the past two months )NP )PP )VP )VP . )S  STOP
(S (NP Some fund managers )NP (VP say (SBAR (S (NP negative publicity )NP (VP has (VP *UNKED (NP (NP (NP investors ' )NP concern )NP (PP about (NP (NP recent declines )NP (PP in (NP junk-bond prices )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S `` (NP People )NP (VP have (VP been (VP (VP seeing (NP (NP headline )NP (PP after (NP (NP headline )NP (PP after (NP headline )NP )PP )NP )PP )NP )VP and (VP saying : (S ` (S (NP I )NP (VP ca n't (VP take (NP it )NP (ADVP anymore )ADVP )VP )VP )S -- (S (NP I )NP (VP 'm (VP getting (ADVP out )ADVP )VP )VP )S , )S )VP )VP )VP )VP ' '' )S (VP says )VP (NP (NP *UNKC *UNKC )NP (PP of (NP (NP *UNKC & *UNKC )NP , (NP a San Francisco investment adviser )NP )NP )PP )NP . )S  STOP
(S (NP The withdrawals )NP (VP could (VP *UNK (NP (NP trouble )NP (PP for (NP the (ADJP (QP $ 200 billion )QP )ADJP junk market )NP )PP )NP )VP )VP . )S  STOP
(S (SBAR If (S (NP the heavy outflows )NP (VP continue )VP )S )SBAR , (NP fund managers )NP (VP will (VP face (NP increasing pressure (S (VP to (VP sell (PRT off )PRT (NP (NP some )NP (PP of (NP their junk )NP )PP )NP (S (VP to (VP pay (NP *UNKING investors )NP (PP in (NP the weeks ahead )NP )PP )VP )VP )S )VP )VP )S )NP )VP )VP . )S  STOP
(S (NP Such selling )NP (VP could (VP *UNK (NP (NP prices )NP (PP of (NP (NP high-yield junk bonds )NP , (VP (ADVP already )ADVP weakened (PP by (NP (NP a *UNK )NP (PP of (NP corporate credit problems )NP )PP )NP )PP )VP )NP )PP )NP )VP )VP . )S  STOP
(SINV (S (NP Mutual fund groups )NP (VP have n't (VP lost (NP (NP control )NP (PP of (NP (NP much )NP (PP of (NP the *UNKING money )NP )PP )NP )PP )NP )VP )VP )S , (VP says )VP (NP (NP Louis *UNKC )NP , (NP (NP *UNKC 's )NP president )NP )NP . )SINV  STOP
(S (NP Mutual fund officials )NP (VP say (SBAR that (S (NP investors )NP (VP have (VP (VP transferred (NP (NP most )NP (PP of (NP it )NP )PP )NP (PP into (NP (NP their money market accounts )NP , and (PRN (PP to (NP a *UNK extent )NP )PP )PRN , (NP *UNK- funds )NP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S So (NP (NP the impact )NP (PP on (NP (NP the (ADJP (QP $ *UNKN billion )QP )ADJP mutual fund industry )NP (PP as (NP a whole )NP )PP )NP )PP )NP (ADVP probably )ADVP (VP will (VP be (ADJP slight )ADJP )VP )VP . )S  STOP
(S But (NP *UNK )NP (VP are (ADJP likely )ADJP (PP in (NP (NP the junk-bond market )NP , (SBAR (WHNP which )WHNP (S (VP has (VP helped (S (VP to (VP finance (NP (NP the takeover boom )NP (PP of (NP recent years )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Mutual funds )NP (VP are (X the )X (PP among (NP (NP the largest holders )NP (PP of (NP junk )NP )PP )NP )PP , (S (VP accounting (PP for (NP (NP (QP more than a quarter )QP )NP (PP of (NP the entire high-yield , high-risk market )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP The 88 mutual funds )NP (VP investing (ADVP solely )ADVP (PP in (NP junk bonds )NP )PP )VP )NP (VP hold (NP (NP assets )NP (PP of (NP (QP about $ 32 billion )QP )NP )PP )NP )VP . )S  STOP
(S (NP Other funds )NP (VP hold (NP (NP a *UNKING )NP (PP of (NP junk bonds )NP )PP )NP , (ADVP too )ADVP )VP . )S  STOP
(S (NP The (ADJP (QP $ 1.5 billion )QP )ADJP Fidelity High Income Fund )NP (VP has (VP had (NP (NP a net *UNK )NP (PP of (NP (QP about $ 150 million )QP )NP )PP )NP (PP in (NP the past two months )NP )PP )VP )VP . )S  STOP
(S (NP (NP (QP About $ 60 million )QP )NP )NP (VP *UNKED out (NP last week alone )NP , (NP (NP (ADVP double )ADVP the level )NP (PP of (NP (NP the week )NP (VP following (NP (NP last month 's )NP Campeau Corp. credit squeeze )NP )VP )NP )PP )NP )VP . )S  STOP
(S (NP (NP (QP About 98 )QP % )NP (PP of (NP the *UNK )NP )PP )NP (VP was (VP transferred (PP to (NP other Fidelity funds )NP )PP (PRN , (SINV (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a Fidelity vice president )NP , (NP marketing )NP )NP )NP )SINV , )PRN (PP with (S (NP most )NP (VP going (PP into (NP money market funds )NP )PP )VP )S )PP )VP )VP . )S  STOP
(SINV (S `` (S (NP You )NP (VP get (NP a news item )NP )VP )S , (S (NP it )NP (VP hits )VP )S , (S (NP you )NP (VP (VP have (NP strong *UNK )NP (UCP (NP that day )NP and (PP for (NP (NP two days )NP (VP following )VP )NP )PP )UCP )VP -- then (VP go (ADVP back (PP to (ADJP normal )ADJP )PP )ADVP )VP )VP )S , '' )S (VP says )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S (S (NP The fund )NP , (PP with (NP (NP a cash *UNK )NP (PP of (NP (QP more than 10 )QP % )NP )PP )NP )PP , (VP has (VP `` met (NP all the *UNK )NP (PP without (S (VP having (S (VP to (VP sell (NP one thing )NP )VP )VP )S )VP )S )PP )VP )VP , '' )S (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S (NP He )NP (VP adds : (S `` (NP Our fund )NP (VP has (VP had (NP (PRN -LCB- (ADJP positive )ADJP -RCB- )PRN net sales )NP (NP (NP every month )NP (PP for (NP the last three years )NP )PP -- (PP until (NP this month )NP )PP )NP )VP )VP )S )VP . '' )S  STOP
(S (S (NP (NP *UNKC 's )NP (ADJP (QP $ 1 billion )QP )ADJP High *UNKC Bond Portfolio )NP (VP has (VP seen (S (NP (QP $ *UNKN million )QP )NP (VP flow (ADVP out )ADVP (PP since (NP early September )NP )PP )VP )S )VP )VP )S ; (S (NP (NP (QP $ 14 million )QP )NP (PP of (NP that )NP )PP )NP (VP *UNKED (ADVP out )ADVP (NP (NP Friday Oct. 13 )NP (NP alone )NP )NP )VP )S . )S  STOP
(SINV (S (ADVP Still )ADVP , (NP (NP two-thirds )NP (PP of (NP the *UNK )NP )PP )NP (VP has (VP been (VP *UNKED (PP into (NP other Vanguard portfolios )NP )PP )VP )VP )VP )S , (VP says )VP (NP (NP Brian *UNKC )NP , (NP a vice president )NP )NP . )SINV  STOP
(S (NP The fund )NP (ADVP now )ADVP (VP holds (NP (NP a cash position )NP (PP of (NP (QP about 15 )QP % )NP )PP )NP )VP . )S  STOP
(S (PP At (NP the (ADJP (QP $ *UNKN million )QP )ADJP T. Rowe Price High *UNKC Fund )NP )PP , (NP investors )NP (VP *UNKED (PRT out )PRT (NP (QP about $ *UNKN million )QP )NP (PP in (NP the past two months )NP )PP )VP . )S  STOP
(S (NP (NP Those withdrawals )NP , (SBAR (WHNP (NP most )NP (WHPP of (WHNP which )WHNP )WHPP )WHNP (S (VP were (VP transferred (PP to (NP other T. Rowe Price funds )NP )PP )VP )VP )S )SBAR , )NP (VP followed (NP (NP little change )NP (PP in (NP (NP the fund 's )NP sales picture )NP )PP )NP (NP (NP this year )NP (PP through (NP August )NP )PP )NP )VP . )S  STOP
(SINV (S `` (NP The last two months )NP (VP have (VP been (NP the whole *UNK game )NP )VP )VP , '' )S (VP says )VP (NP (NP Steven *UNKC )NP , (NP a vice president )NP )NP . )SINV  STOP
(S (NP *UNKC holders )NP (VP have (VP (ADVP barely )ADVP broken (ADJP even )ADJP (NP this year )NP , (SBAR as (S (NP fat interest payments )NP (VP (ADVP barely )ADVP managed (S (VP to (VP offset (NP declining prices )NP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (PP Through (NP Oct. 19 )NP )PP , (NP high-yield funds )NP (VP had (NP (NP an (ADJP average *UNKN % )ADJP total return )NP (PRN -LRB- (NP (NP (NP the price change )NP (PP plus (NP (NP dividends )NP (PP on (NP fund shares )NP )PP )NP )PP )NP )NP -RRB- )PRN )NP , (PP according (PP to (NP Lipper *UNKC Services Inc )NP )PP )PP )VP . )S  STOP
(S (NP That )NP (VP 's (ADJP (ADJP even less )ADJP (PP than (NP (NP the (ADJP *UNKN % )ADJP total return )NP (PP of (NP the Merrill Lynch *UNKC Index )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (S (S (NP (NP Fidelity 's )NP junk fund )NP (VP has (VP fallen (NP *UNKN % )NP (NP (NP this year )NP (PP through (NP Oct. 19 )NP )PP )NP )VP )VP )S , (NP Lipper )NP (VP says )VP )S ; (S (NP the Vanguard fund )NP (VP rose (NP *UNKN % )NP )VP )S ; and (S (NP the T. Rowe Price fund )NP (VP edged (ADVP up )ADVP (NP *UNKN % )NP )VP )S . )S  STOP
(S (S (NP (NP People )NP (SBAR (WHNP who )WHNP (S (VP remain (PP in (NP junk funds )NP )PP (ADVP now )ADVP )VP )S )SBAR )NP (VP could (VP get (VP hit (ADVP again )ADVP )VP )VP )VP )S , (NP some analysts and fund specialists )NP (VP say )VP . )S  STOP
(S (NP (NP Many funds )NP (PP in (NP recent weeks and months )NP )PP )NP (VP have (VP been (VP selling (NP (NP their *UNK- junk issues )NP , (PP such as (NP RJR Nabisco )NP )PP , )NP (S (VP to (VP raise (NP cash )NP (S (VP to (VP meet (NP expected *UNK )NP )VP )VP )S )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP Funds )NP (VP might (VP be (VP forced (S (VP to (VP accept (NP lower prices )NP )VP )VP )S (SBAR if (S (NP they )NP (VP expand (NP their selling )NP (PP to (NP (NP the securities )NP (PP of (NP *UNK- borrowers )NP )PP )NP )PP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S And (ADVP then )ADVP , (NP (NP asset values )NP (PP of (NP the funds )NP )PP )NP (VP could (VP plunge (NP (NP more )NP (SBAR than (S (NP they )NP (VP have (VP (ADVP so far )ADVP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(SINV (VP Says )VP (NP (NP Michael *UNKC )NP , (NP (NP (NP chief investment officer )NP (PP of (NP Republic National Bank )NP )PP )NP and (NP (NP manager )NP (PP of (NP (NP the *UNKC Group )NP (PP in (NP New York )NP )PP )NP )PP )NP )NP )NP : (S `` (NP It )NP (VP 's (NP (NP a time *UNK )NP (VP (ADVP just )ADVP waiting (S (VP to (VP go (PP off )PP )VP )VP )S )VP )NP )VP )S . )SINV  STOP
(S (NP (NP The surprise resignation yesterday )NP (PP of (NP (NAC British Chancellor (PP of (NP the Exchequer )NP )PP )NAC Nigel Lawson )NP )PP )NP (VP sent (NP sterling )NP (PP into (NP (NP a *UNK )NP (PP against (NP the dollar )NP )PP )NP )PP (PP by (S (VP creating (NP (NP uncertainties )NP (PP about (NP (NP the direction )NP (PP of (NP the British economy )NP )PP )NP )PP )NP )VP )S )PP )VP . )S  STOP
(S (NP The U.S. unit )NP (ADVP also )ADVP (VP firmed (PP against (NP other currencies )NP )PP (PP on (NP (NP the back )NP (PP of (NP (NP sterling 's )NP tumble )NP )PP )NP )PP , (SBAR as (S (NP market participants )NP (VP switched (PP out (PP of (NP pounds )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The pound )NP (ADVP also )ADVP (VP dropped (ADVP *UNKLY )ADVP (PP against (NP the mark )NP )PP , (S (VP falling (PP below (NP the key *UNK- level )NP )PP (PP to (NP *UNKN marks )NP )PP (PP from (NP *UNKN marks )NP )PP (NP late Wednesday )NP )VP )S )VP . )S  STOP
(S (NP (NP Mr. Lawson 's )NP resignation )NP (VP *UNKED (NP many analysts )NP , (PP despite (NP (NP the recent *UNKING speculation )NP (PP of (NP (NP a *UNK )NP (PP between (NP (NP the *UNK )NP and (NP Prime Minister Margaret Thatcher )NP )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (ADVP Indeed )ADVP , (ADVP (NP only hours )NP earlier )ADVP , (NP Mrs. Thatcher )NP (VP (VP had (VP called (S (NP (NP Mr. Lawson 's )NP economic policies )NP (ADJP `` sound '' )ADJP )S )VP )VP and (VP said (SBAR (S (NP she )NP (VP has `` (ADVP always )ADVP (VP supported '' (NP him )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(SINV (S `` (NP There )NP (VP was (NP a general feeling (SBAR that (S (NP we )NP (VP 'd (VP seen (NP the worst )NP )VP )VP )S )SBAR )NP )VP , '' )S (VP said )VP (NP (NP Patrick *UNKC )NP , (NP (NP deputy chief economic adviser )NP (PP for (NP (NP *UNKC Bank )NP (PP in (NP London )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP The resignation )NP (VP came (PP as (NP a great surprise )NP )PP )VP . '' )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP manager )NP (PP of (NP foreign-exchange operations )NP )PP (PP at (NP (NP Hong Kong & *UNKC Banking Corp. )NP (PP in (NP New York )NP )PP )NP )PP )NP , )NP (VP added (SBAR that (S (NP (NP Mrs. Thatcher 's )NP comments )NP (VP (VP *UNKED (NP (NP (NP the market 's )NP growing confidence )NP (PP about (NP sterling )NP )PP )NP )VP and (VP *UNKED (NP (NP the unit 's )NP later decline )NP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (NP The market )NP (VP was (VP caught (NP totally the wrong way )NP )VP )VP ... . )S  STOP
(S (S (NP Everyone )NP (VP was (ADJP extremely long (PP on (NP sterling )NP )PP )ADJP )VP , '' )S (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (PP In (NP late New York trading )NP )PP (NP yesterday )NP , (NP the dollar )NP (VP was (VP (VP quoted (PP (PP (PP at (NP *UNKN marks )NP )PP , (ADVP up (PP from (NP *UNKN marks )NP (NP late Wednesday )NP )PP )ADVP )PP , and (PP (PP at (NP *UNKN yen )NP )PP , (ADVP up (PP from (NP *UNKN yen )NP (NP late Wednesday )NP )PP )ADVP )PP )PP )VP )VP )VP . )S  STOP
(S (NP Sterling )NP (VP was (VP quoted (PP at (NP $ *UNKN )NP )PP , (ADVP sharply down (PP from (NP $ *UNKN )NP (NP late Wednesday )NP )PP )ADVP )VP )VP . )S  STOP
(S (PP In (NP Tokyo )NP )PP (NP Friday )NP , (NP the U.S. currency )NP (VP opened (PP for (NP trading )NP )PP (PP at (NP *UNKN yen )NP )PP , (ADVP up (PP from (NP (NP (NP Thursday 's )NP Tokyo close )NP (PP of (NP 141.90 yen )NP )PP )NP )PP )ADVP )VP . )S  STOP
(S (NP Few analysts )NP (VP had (NP (NP much good )NP (SBAR (S (VP to (VP say )VP )VP )S )SBAR (PP about (NP (NP the pound 's )NP near-term prospects )NP )PP )NP , (PP despite (NP the fact (SBAR that (S (NP most )NP (VP do n't (VP anticipate (NP (NP a shift )NP (PP in (NP (NP Mrs. Thatcher 's )NP economic policies )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP (PP of (NP *UNKC )NP )PP )NP (VP noted (SBAR that (S (S (NP (NP (NP Mr. Lawson 's )NP replacement )NP , (NP John Major )NP , (NP the British foreign minister )NP , )NP (VP will (VP take (NP (NP time )NP (SBAR (S (VP to (VP establish (NP his credibility )NP )VP )VP )S )SBAR )NP )VP )VP )S and (S , (PP in (NP the meantime )NP )PP , (NP sterling )NP (VP could (VP trend (ADVP downward )ADVP (PP in (NP volatile trade )NP )PP )VP )VP )S )S )SBAR )VP . )S  STOP
(S But (NP Mr. Foley )NP (VP predicted (NP (NP few economic policy changes )NP (ADVP ahead )ADVP )NP , (S (VP *UNKING (SBAR that (S (NP Mr. Major )NP (VP shares `` (NP (NP a (ADJP very similar )ADJP view )NP (PP of (NP the world )NP )PP )NP '' (PP with (NP Mr. Lawson )NP )PP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP (NP Bob *UNKC )NP , (NP (NP chief economist )NP (PP at (NP (NP *UNKC Bank )NP (PP in (NP New York )NP )PP )NP )PP )NP , )NP (ADVP also )ADVP (VP noted (SBAR that (S (NP (NP the pound 's )NP sharp decline )NP (VP is (VP *UNKED (ADJP (ADJP more )ADJP (PP to (NP (NP uncertainty )NP (PP in (NP the market )NP )PP )NP )PP (PP than (NP (NP a vision )NP (PP of (NP *UNKED United Kingdom economic policies )NP )PP )NP )PP )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (SBAR Unless (S (NP (NP Mr. Lawson 's )NP resignation )NP (VP leads (PP to (NP (NP (NP a change )NP (PP in (NP British interest-rate policy )NP )PP )NP (PRN -- (S (NP (NP Mrs. Thatcher 's )NP administration )NP (VP (ADVP firmly )ADVP supports (NP high interest rates )NP (S (VP to (VP keep (S (NP inflation )NP (PP in (NP check )NP )PP )S )VP )VP )S )VP )S -- )PRN or (S (VP *UNKING (PP toward (NP (NP full *UNK )NP (PP in (NP the (NP European Monetary System 's )NP exchange-rate mechanism )NP )PP )NP )PP )VP )S )NP )PP )VP )S )SBAR , (NP (NP Mr. Lawson 's )NP withdrawal )NP (VP will (VP have (NP (NP little long-term impact )NP (PP on (NP exchange rates )NP )PP )NP )VP )VP )S , (NP Mr. *UNKC )NP (VP concluded )VP . )S  STOP
(SINV (VP (ADVP Also )ADVP announcing (NP his resignation )NP (NP Thursday )NP )VP (VP was )VP (NP (NP Alan *UNKC )NP , (NP (NP (NP Mrs. Thatcher 's )NP economic adviser )NP and (NP (NP Mr. Lawson 's )NP *UNK )NP )NP )NP . )SINV  STOP
(S (NP (NP The pound )NP , (SBAR (WHNP which )WHNP (S (VP had (VP been (VP trading (PP at (NP (QP about $ *UNKN )QP )NP )PP (PP in (NP New York )NP )PP (ADVP prior (PP to (NP (NP Mr. Lawson 's )NP announcement )NP )PP )ADVP )VP )VP )VP )S )SBAR , )NP (VP sank (NP (QP more than two )QP cents )NP (PP to (NP $ *UNKN )NP )PP , (S (VP prompting (S (NP the Federal Reserve Bank )NP (VP to (VP buy (NP pounds )NP (PP for (NP dollars )NP )PP )VP )VP )S )VP )S )VP . )S  STOP
(S (S (NP (NP The Fed 's )NP move )NP , (ADVP however )ADVP , (ADVP only )ADVP (VP proved (NP (NP a *UNK )NP (PP to (NP (NP the pound 's )NP slide )NP )PP )NP )VP )S and (S (NP the Fed )NP (VP *UNKED (PP for (NP a second time )NP )PP (PP at (NP (QP around $ *UNKN )QP )NP )PP , (PP according (PP to (NP New York traders )NP )PP )PP )VP )S . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP dollar trading )NP (VP was (ADJP relatively *UNKED )ADJP (PP throughout (NP the session )NP )PP , (PP according (PP to (NP (NP dealers )NP , (SBAR (WHNP who )WHNP (S (VP noted (SBAR that (S (NP (NP (NP Thursday 's )NP release )NP (PP of (NP (NP the preliminary report )NP (PP on (NP the U.S. third-quarter gross national product )NP )PP )NP )PP )NP (VP was (NP (NP something )NP (PP of (NP a *UNK )NP )PP )NP )VP )S )SBAR )VP )S )SBAR )NP )PP )PP )VP . )S  STOP
(S (NP U.S. GNP )NP (VP rose (PP at (NP (NP an annual rate )NP (PP of (NP 2.5 % )NP )PP )NP )PP (PP in (NP the third quarter )NP )PP )VP . )S  STOP
(S (NP (NP The *UNK price *UNK )NP , (NP (NP a measure )NP (PP of (NP inflation )NP )PP )NP , )NP (VP was (ADVP down )ADVP (PP to (NP (NP a (ADJP 2.9 % )ADJP annual rate )NP (PP of (NP increase )NP )PP )NP (PP in (NP the quarter )NP )PP )PP (PP from (NP (NP a (ADJP 4.6 % )ADJP rate )NP (PP of (NP gain )NP )PP )NP (PP in (NP the second quarter )NP )PP )PP )VP . )S  STOP
(S (PP In (NP Europe )NP )PP , (NP the dollar )NP (VP ended (ADVP lower )ADVP (PP in (NP *UNK trading )NP )PP )VP . )S  STOP
(S (NP The market )NP (VP closed (ADVP prior (PP to (NP (NP Mr. Lawson 's )NP announcement )NP )PP )ADVP )VP . )S  STOP
(S (PP On (NP (NP the Commodity Exchange )NP (PP in (NP New York )NP )PP )NP )PP , (NP (NP gold )NP (PP for (NP current delivery )NP )PP )NP (VP rose (NP $ *UNKN )NP (PP to (NP (NP $ *UNKN )NP (NP an ounce )NP )NP )PP (PP in (NP heavy trading )NP )PP )VP . )S  STOP
(S (NP The close )NP (VP was (NP (NP the highest )NP (PP since (NP August 3 )NP )PP )NP )VP . )S  STOP
(S (NP Estimated volume )NP (VP was (NP (QP five million )QP ounces )NP )VP . )S  STOP
(S (PP In (NP (NP early trading )NP (PP in (NP Hong Kong )NP )PP )NP )PP (NP Friday )NP , (NP gold )NP (VP was (VP quoted (PP at (NP (NP $ *UNKN )NP (NP an ounce )NP )NP )PP )VP )VP . )S  STOP
(S (NP The following issues )NP (VP were (ADVP recently )ADVP (VP filed (PP with (NP the Securities and Exchange Commission )NP )PP )VP )VP : )S  STOP
(NP (NP *UNKC Cos. )NP , (NP (NP shelf offering )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP debt securities )NP )PP )NP )PP )NP . )NP  STOP
(NP (NP Coca-Cola *UNKING Co. Consolidated )NP , (NP (NP shelf offering )NP (PP of (NP (NP (QP $ 200 million )QP )NP (PP of (NP debt securities )NP )PP )NP )PP , (PP via (NP (NP Salomon Brothers Inc. )NP and (NP Goldman , Sachs & Co )NP )NP )PP )NP . )NP  STOP
(NP (NP First Brands Corp. )NP , (NP (NP proposed offering )NP (PP of (NP (NP *UNKN common shares )NP , (SBAR (WHPP of (WHNP which )WHNP )WHPP (S (S (NP (NP *UNKN common shares )NP )NP (VP will (VP be (VP sold (PP by (NP the company )NP )PP )VP )VP )VP )S and (S (NP (NP (QP five million )QP shares )NP )NP (PP by (NP holders )NP )PP )S )S )SBAR )NP )PP , (PP via (NP (NP First Boston Corp. )NP and (NP Credit Suisse First Boston Ltd )NP )NP )PP )NP . )NP  STOP
(NP (NP (NP Home *UNKC Services Inc. )NP , (NP (NP a (ADJP *UNKLY owned )ADJP subsidiary )NP (PP of (NP *UNKC Inc. )NP )PP )NP , )NP (NP (NP proposed initial offering )NP (PP of (NP (NP (QP four million )QP common shares )NP , (SBAR (WHPP of (WHNP which )WHNP )WHPP (S (S (NP (NP 1.8 million )NP )NP (VP will (VP be (VP sold (PP by (NP Home *UNKC Services )NP )PP )VP )VP )VP )S and (S (NP (NP 2.2 million )NP )NP (VP will (VP be (VP sold (PP by (NP *UNKC )NP )PP )VP )VP )VP )S )S )SBAR )NP )PP , (PP via (NP Smith Barney , Harris Upham & Co )NP )PP )NP . )NP  STOP
(NP (NP *UNKC Technology Corp. )NP , (NP (NP initial public offering )NP (PP of (NP (NP (QP 1.7 million )QP common shares )NP , (SBAR (WHPP of (WHNP which )WHNP )WHPP (S (S (NP (NP *UNKN )NP )NP (VP will (VP be (VP offered (PP by (NP the company )NP )PP )VP )VP )VP )S and (S (NP (NP *UNKN )NP )NP (VP will (VP be (VP offered (PP by (NP holders )NP )PP )VP )VP )VP )S )S )SBAR , (PP via (NP (NP Alex . Brown & Sons Inc. )NP , (NP Hambrecht & Quist Inc. )NP and (NP *UNKC , Arnold & Henderson )NP )NP )PP )NP )PP )NP . )NP  STOP
(NP (NP *UNKC Communications Inc. )NP , (NP (NP proposed public offering )NP (PP of (NP (NP (QP 1.5 million )QP common shares )NP , (SBAR (WHPP of (WHNP which )WHNP )WHPP (S (S (NP (NP *UNKN shares )NP )NP (VP are (S (VP to (VP be (VP sold (PP by (NP the company )NP )PP )VP )VP )VP )S )VP )S and (S (NP (NP *UNKN shares )NP )NP (VP are (S (VP to (VP be (VP sold (PP by (NP holders )NP )PP )VP )VP )VP )S )VP )S )S )SBAR )NP )PP , (PP via (NP (NP Morgan Stanley & Co. )NP and (NP Hambrecht & (NP Quist )NP )NP )NP )PP )NP . )NP  STOP
(SINV (PP On (NP (NP an office wall )NP (PP of (NP the Senate intelligence committee )NP )PP )NP )PP (VP *UNK )VP (NP (NP a *UNK )NP (PP from (NP Chairman David Boren )NP )PP , `` (S (VP Do n't (VP hold (NP your ticket )NP (SBAR *UNK (S (NP the show )NP (VP 's (ADVP over )ADVP )VP )S )SBAR )VP )VP )S )NP . '' )SINV  STOP
(S (NP He )NP (ADVP once )ADVP (VP used (NP that line )NP (PP in (NP (NP a *UNK- meeting )NP (PP on (NP Panama )NP )PP )NP )PP , (S (VP meaning (SBAR (S (VP do n't (VP *UNK (PP from (S (VP taking (NP action )NP (PP against (NP Manuel Noriega )NP )PP )VP )S )PP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(SBARQ So (WHADVP how )WHADVP (SQ did (NP (NP a good *UNK )NP (PP like (NP this )NP )PP )NP (VP end (ADVP up )ADVP (S (VP *UNKING (NP (NP a policy )NP (SBAR (WHNP that )WHNP (S (VP required (S (NP the U.S. )NP (VP to (VP *UNK (NP Mr. Noriega )NP (PP of (NP (NP any coup *UNK )NP (PP against (NP him )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )NP )VP )S )VP )SQ ? )SBARQ  STOP
(S (SINV (S `` (S (NP I )NP (VP agree )VP )S , (S (NP it )NP (VP 's (ADJP *UNK )ADJP )VP )S , '' )S (VP says )VP (NP Mr. Boren )NP )SINV , and (S (ADVP indeed )ADVP (PP by (ADVP now )ADVP )PP (NP ridiculous )NP (VP may (VP be (NP (NP the only way )NP (SBAR (S (VP to (VP *UNK (SBAR (WHADVP how )WHADVP (S (NP the U.S. )NP (VP decides (S (S (VP to (VP take )VP )VP )S -- or (ADVP rather )ADVP , (S not (VP to (VP take )VP )VP )S -- (NP covert action )NP )S )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )VP )S . )S  STOP
(S (NP George Bush )NP (VP disclosed (NP the policy )NP (NP last week )NP (PP by (S (VP reading (NP it )NP (PP to (NP GOP senators )NP )PP )VP )S )PP , (PP (ADVP perhaps )ADVP as (NP (NP a way )NP (PP of (S (VP shifting (NP (NP blame )NP (PP for (NP the Panama *UNK )NP )PP )NP (PP to (NP Congress )NP )PP )VP )S )PP )NP )PP )VP . )S  STOP
(S But (NP the broader truth )NP (VP is (ADJP (ADJP more complicated )ADJP -- and (ADJP *UNKING )ADJP )ADJP )VP . )S  STOP
(S (NP The policy )NP (VP was (VP contained (PP in (NP (NP an exchange )NP (PP of (NP letters )NP )PP (NP last October )NP (PP between (NP (NP the Senate intelligence committee )NP and (NP the (NX (NX CIA )NX and (NX National Security Council )NX )NX )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC lawyers )NP (PP for (NP both sides )NP )PP )NP (VP were (ADJP busy (S (VP agreeing (PP with (NP one another )NP )PP (PP about (SBAR (WHNP what )WHNP (S (NP the U.S. )NP (VP could not (VP do (S (VP to (VP oust (NP the Panamanian *UNK )NP )VP )VP )S )VP )VP )S )SBAR )PP )VP )S )ADJP )VP . )S  STOP
(S (NP They )NP (ADVP simply )ADVP (VP got (ADJP carried away (PP with (S (VP *UNKING (SBAR (WHNP what )WHNP (S (NP (NP the executive order )NP (VP banning (NP *UNK )NP )VP )NP (VP (ADVP really )ADVP meant )VP )S )SBAR )VP )S )PP )ADJP )VP . )S  STOP
(S (NP (NP Mr. Boren )NP (NP himself )NP )NP (VP did n't (VP *UNK (NP the *UNK- *UNK )NP (SBAR until (S (NP Mr. Bush )NP (VP told (NP him )NP (ADVP privately )ADVP (PP at (NP the White House )NP )PP (NP last week )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP 's (ADJP *UNK )ADJP (SBAR that (S (NP David Boren )NP (VP should (VP be (PP in (NP (NP the center )NP (PP of (NP this *UNK )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP A former Oklahoma governor )NP )S , (NP he )NP (VP 's (NP (NP a *UNK *UNK )NP (PP of (NP (NP presidential powers )NP (PP in (NP foreign policy )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP He )NP (VP 's (NP a rare Democratic *UNK )NP )VP . )S  STOP
(S (NP He )NP (VP 's (NP (NP the *UNK )NP (PP (ADVP most )ADVP like (NP (NP Arthur *UNKC )NP , (NP (NP the GOP senator )NP (PP from (NP Michigan )NP )PP (SBAR (WHNP who )WHNP (S (VP worked (S (VP to (VP *UNK (NP a bipartisan foreign policy )NP )VP )VP )S (PP in (NP the *UNK )NP )PP )VP )S )SBAR )NP )NP )PP )NP )VP . )S  STOP
(S (S `` (NP *UNKC and *UNKC )NP (VP are (NP (NP *UNK )NP (PP of (NP mine )NP )PP )NP )VP , '' )S (NP Mr. Boren )NP (VP says , (S (VP referring (ADVP as well )ADVP (PP to (NP (NP Sam *UNKC )NP , (NP (NP the Democratic House *UNK )NP (SBAR (WHNP who )WHNP (S (VP *UNKED (PP with (NP President *UNKC )NP )PP )VP )S )SBAR )NP )NP )PP )VP )S )VP . )S  STOP
(S `` (NP They )NP (VP allowed (S (NP this country )NP (VP to (VP be (ADJP *UNK )ADJP )VP )VP )S )VP . )S  STOP
(S (NP I )NP (ADVP really )ADVP (VP want (S (VP to (VP see (S (NP that )NP (VP happen (ADVP again )ADVP )VP )S )VP )VP )S )VP . '' )S  STOP
(S (SBAR If (S (NP this )NP (VP were (NP *UNKN )NP )VP )S )SBAR , (NP Mr. Boren )NP (VP might (ADVP even )ADVP (VP succeed )VP )VP . )S  STOP
(S But (PP in (NP 1989 )NP )PP (NP most senators )NP (VP have (NP other ideas )NP )VP . )S  STOP
(S (NP Last July )NP , (NP his committee )NP (VP rejected (NP a Reagan administration plan (S (VP to (VP support (NP (NP a coup )NP (PP in (NP Panama )NP )PP )NP )VP )VP )S )NP )VP . )S  STOP
(S (NP Ohio Democrat Howard *UNKC )NP (VP (VP refused (S (VP to (VP support (NP (NP any plan )NP (SBAR (WHNP that )WHNP (S (VP might (VP get (S (NP people )NP (ADJP hurt )ADJP )S )VP )VP )S )SBAR )NP )VP )VP )S )VP , (NP (NP a *UNKING notion )NP (PP for (NP a great power )NP )PP )NP )VP . )S  STOP
(S (NP Maine Republican William Cohen )NP (VP said (SBAR (S (NP the plan )NP (VP might (VP violate (NP the assassination ban )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP So )ADVP (NP the administration )NP (VP dropped (NP it )NP )VP . )S  STOP
(S (PP By (NP (NP October )NP , (SBAR (WHADVP when )WHADVP (S (NP the committee )NP (VP rejected (NP a (ADJP much more modest )ADJP covert proposal )NP )VP )S )SBAR , )NP )PP (NP even the administration )NP (VP was (VP agreeing (SBAR (S (NP little )NP (VP should (VP be (VP done )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP Mr. Boren )NP (VP does n't (VP think (SBAR (S (NP all this )NP (VP *UNKED (NP (NP the failed coup )NP (NP this month )NP )NP )VP )S )SBAR )VP )VP )S , but (S (NP he )NP (VP does (VP concede (SBAR that (S (NP Congress )NP (VP has (VP made (NP mistakes )NP )VP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (S `` (PP In (NP (NP the aftermath )NP (PP of (NP Vietnam )NP )PP )NP )PP , (PP in (NP (NP the aftermath )NP (PP of (NP Iran-Contra )NP )PP )NP )PP , (NP I )NP (VP can (VP understand (SBAR (S (NP some people )NP (VP might (VP think (SBAR that (S (SBAR if (S (NP they )NP (VP plan (NP a coup )NP )VP )S )SBAR , (NP they )NP (VP have (S (VP to (VP bring (NP their lawyers )NP )VP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )VP )VP , '' )S (NP he )NP (VP says )VP . )S  STOP
(S But (NP even Mr. Boren )NP (VP *UNK (NP congressional *UNK )NP )VP . )S  STOP
(S (S (VP *UNKING (PP in (NP the Harvard International *UNKC )NP )PP )VP )S , (NP he )NP (VP says (SBAR that (S (NP his committee )NP (VP *UNK (NP covert operations )NP (SBAR (WHADVP (ADVP only )ADVP when )WHADVP (S (NP there )NP (VP 's (NP a `` consensus )NP )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(SBARQ So (WHNP what )WHNP (SQ does (NP consensus )NP (VP mean )VP )SQ ? )SBARQ  STOP
(S `` (S (NP It )NP (VP does n't (VP mean (ADJP *UNK )ADJP )VP )VP )S , '' (NP he )NP (VP insists , (SBAR though (S (NP he )NP (VP *UNK (SBAR (S (NP it )NP (VP means (NP a bipartisan majority )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP (NP The *UNK )NP (PP of (NP U.S. foreign policy )NP )PP )NP (VP is (ADJP essential )ADJP )VP )S , '' (NP he )NP (VP explains )VP . )S  STOP
(SBARQ `` (WHADVP Why )WHADVP (SQ was (NP *UNK )NP (ADJP so successful )ADJP )SQ ? )SBARQ  STOP
(FRAG (SBAR Because (S (NP it )NP (VP had (NP bipartisan support )NP )VP )S . '' )SBAR )FRAG  STOP
(S (NP Mr. Boren )NP (VP is (VP confusing (NP (NP consensus )NP (PP on (NP general principles )NP )PP )NP (PP with (NP (NP agreement )NP (PP on (NP specific actions )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP a veteran )NP (PP of (NP intelligence committee *UNK )NP )PP )NP , )NP (VP doubts (SBAR that (S (NP even (NX (NX *UNKC )NX or (NX the *UNKC *UNK )NX )NX )NP (VP would (VP have (VP taken (NP place )NP (SBAR if (S (NP `` consensus '' )NP (VP had (VP been (VP required )VP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP *UNKC and *UNKC )NP (VP were (ADJP *UNK enough (S (VP to (VP leave (NP specific operations )NP (PP to (NP presidents )NP )PP )VP )VP )S )ADJP )VP )S ; (S (NP (NP modern senators )NP , (NP (NP Mr. Boren )NP (ADVP *UNKING )ADVP )NP , )NP (VP are (ADJP less modest )ADJP )VP )S . )S  STOP
(S (NP The result )NP (VP is (SBAR that (S (NP the Senate committee )NP (VP has (SBAR (WHNP what )WHNP (S (VP amounts (PP to (NP (NP veto power )NP (PP over (NP every covert action )NP )PP )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP I )NP (VP would n't (VP say (SBAR (S (NP it )NP (VP 's (ADVP quite )ADVP (NP a veto )NP )VP )S )SBAR )VP )VP )S , '' (NP Mr. Boren )NP (VP *UNK )VP . )S  STOP
(SBARQ But (SQ would n't (NP (NP a president )NP (SBAR (WHNP who )WHNP (S (VP acted (PP despite (NP Senate objections )NP )PP )VP )S )SBAR )NP (VP be (VP taking (NP *UNK political risks )NP )VP )VP )SQ ? )SBARQ  STOP
(SINV `` (S (NP He )NP (VP would )VP )S , '' (VP agrees )VP (NP the chairman )NP . )SINV  STOP
(S `` But (NP that )NP (VP is (NP (NP something )NP (SBAR (S (NP the president )NP (VP ought (S (VP to (VP know (SBAR before (S (NP he )NP (VP goes (ADVP ahead )ADVP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )NP )VP . '' )S  STOP
(S (NP Mr. Boren )NP (ADVP even )ADVP (VP *UNK (NP a silver *UNKING )NP )VP . )S  STOP
(S (NP He )NP (VP figures (SBAR (S (NP the *UNK )NP (VP will (VP help (S `` (VP *UNK (NP (NP any *UNK )NP '' (PP between (NP the committee and administration )NP )PP )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP points (PP to (NP (NP (NP (NP a letter )NP (PP on (NP his desk )NP )PP )NP , (NP his (NP (NP second )NP (PP in (NP a week )NP )PP (PP from (NP President Bush )NP )PP )NP )NP , )NP (VP saying (SBAR that (S (NP they )NP `` (VP do n't (VP disagree )VP )VP )S )SBAR )VP )NP )PP )VP . '' )S  STOP
(S (ADVP More broadly )ADVP , (NP Mr. Boren )NP (VP hopes (SBAR that (S (NP Panama )NP (VP will (VP shock (NP Washington )NP (PP out (PP of (NP (NP its fear )NP (PP of (S (VP using (NP military power )NP )VP )S )PP )NP )PP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S `` (ADVP Maybe )ADVP (NP this )NP (VP will (VP *UNK (NP us )NP (PP out (PP of (NP (NP the *UNK- *UNK )NP (SBAR that (S (NP we )NP (ADVP never )ADVP (VP are (VP prepared (S (VP to (VP use (NP force )NP )VP )VP )S )VP )VP )S )SBAR )NP )PP )PP )VP )VP , '' )S (NP he )NP (VP says )VP . )S  STOP
(FRAG Maybe -- (SBAR if (S (NP every senator )NP (VP shared (NP (NP the principles )NP (PP of (NP Mr. Boren )NP )PP )NP )VP )S )SBAR . )FRAG  STOP
(S But (NP (NP it )NP )NP (VP 's (ADJP just as *UNK )ADJP (S (VP to (VP argue (SBAR that (S (SBAR if (S (NP even David Boren )NP (VP can (VP get (VP *UNKED (PP in (NP (NP this sort )NP (PP of (NP mess )NP )PP )NP )PP )VP )VP )VP )S )SBAR , (NP the problem )NP (VP goes (PP beyond (NP legal *UNK )NP )PP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (ADVP Maybe )ADVP (NP the problem )NP (VP is (NP (NP a political system )NP (SBAR (SBAR (WHNP that )WHNP (S (VP wo n't (VP act (PP without (NP (NP an `` exchange )NP (PP of (NP letters )NP )PP )NP )PP )VP )VP )S )SBAR , '' (SBAR (WHNP that )WHNP (S (VP insists (PP on (S (VP running (NP foreign policy )NP (PP by (NP committee )NP )PP )VP )S )PP )VP )S )SBAR , (SBAR (WHNP that )WHNP (S (VP *UNK (NP a president )NP (PP as (NP (NP just another guy )NP (PP at (NP the table )NP )PP )NP )PP )VP )S )SBAR )SBAR )NP )VP . )S  STOP
(S (NP (NP The *UNKLY )NP (PP of (NP the *UNKC and *UNKC )NP )PP )NP (VP is (SBAR that (S (NP we )NP (VP ca n't (VP *UNK (NP these *UNK committees )NP (SBAR because (S (NP we )NP (VP 've (VP seen (NP (NP (ADJP too many )ADJP *UNK )NP (PP of (NP executive power )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP Panama )NP (VP *UNK (SBAR that (S (NP their substitute )NP (VP is (NP (NP a system )NP (SBAR (WHNP that )WHNP (S (VP produces (NP an *UNK *UNK )NP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The lawyers )NP (VP are (ADVP now )ADVP (PP in (NP (NP charge )NP (PP of (NP our national security )NP )PP )NP )PP )VP . )S  STOP
(S (S (PP In (NP Panama )NP )PP , (NP (NP the U.S. interests )NP (PP at (NP stake )NP )PP )NP (VP were (ADVP *UNKLY )ADVP (ADJP minor )ADJP )VP )S ; (S (NP (NP the only people )NP (VP killed )VP )NP (VP were (NP (NP foreigners )NP (ADJP *UNK enough (S (VP to (VP trust (NP American will )NP )VP )VP )S )ADJP )NP )VP )S . )S  STOP
(S (NP Americans )NP (VP may not (VP be (ADJP so lucky )ADJP (NP the next time )NP )VP )VP . )S  STOP
(S (NP I )NP (VP was (VP *UNKED (PP by (NP (NP the *UNK )NP (PP of (NP (NP your (ADJP Sept. 12 )ADJP story )NP (NX `` (NP *UNKC *UNKC )NP : (NP (NP *UNKC *UNKC )NP (SBAR (S (VP To (VP *UNKC )VP )VP )S )SBAR )NP )NX )NP )PP )NP )PP )VP )VP . '' )S  STOP
(S (NP We )NP (VP (VP lived (PP in (NP rural areas )NP )PP (NP many years )NP )VP , but (VP (ADVP now )ADVP live (PP in (NP (NP St. Louis County )NP , (NP *UNK )NP )NP )PP )VP )VP . )S  STOP
(S (NP This morning )NP (SBAR as (S (NP I )NP (VP (VP drove (NP (NP the 13 miles )NP (PP to (NP my law office )NP )PP )NP )VP and (VP *UNKED (NP the routine heavy traffic )NP (PP during (NP that *UNKLY *UNK )NP )PP )VP )VP )S )SBAR , (NP I )NP (VP thought (PP of (SBAR (WHADJP how *UNK )WHADJP (S (NP (NP it )NP )NP (VP was (SBAR that (S (NP we )NP (VP made (NP the decision (S (VP to (VP be (NP (NP residents )NP (PP of (NP (NP an expanding community )NP (UCP (PP with (NP (ADJP so many )ADJP opportunities )NP )PP and (SBAR (WHADVP where )WHADVP (S (NP so much )NP (VP is (VP happening )VP )VP )S )SBAR )UCP )NP )PP )NP )VP )VP )S )NP )VP )S )SBAR )VP )S )SBAR )PP )VP . )S  STOP
(S (NP (NP The presence )NP (PP of (NP (ADJP so many )ADJP (NP (NP people )NP , (NP cars )NP and (NP competing businesses )NP )NP )NP )PP )NP (VP is (NP (NP evidence )NP (PP of (NP (NP a healthy economy )NP (PP in (NP (NP a place )NP (SBAR (WHADVP where )WHADVP (S (NP people )NP (VP want (S (VP to (VP live )VP )VP )S )VP )S )SBAR )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP I )NP (VP thought (ADVP back (PP to (NP (NP our time )NP (PP in (NP small , *UNKLY *UNKED communities )NP )PP )NP )PP )ADVP )VP . )S  STOP
(S (NP I )NP (VP *UNKED (SBAR (SBAR (WHADJP how hard )WHADJP (S (NP (NP it )NP )NP (VP was (SBAR for (S (NP an *UNK )NP (VP to (VP become (VP accepted (PP by (NP *UNKED , *UNKING residents )NP )PP )VP )VP )VP )S )SBAR )VP )S )SBAR , and (SBAR (WHNP what *UNK )WHNP (S (VP *UNKED (NP an original *UNK )NP (PP in (NP (NP *UNK )NP (SBAR (WHNP that )WHNP (S (VP were (ADJP long *UNKED (PP to (NP (NP *UNKING , `` safe '' ways )NP (PP of (NP thought and action )NP )PP )NP )PP )ADJP )VP )S )SBAR )NP )PP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP I )NP (VP *UNKED (S (VP being (VP fired (PP at (NP age 44 )NP )PP , (PP with (NP (NP five children )NP (PP at (NP home )NP )PP )NP )PP , )VP )VP )S (SBAR (WHADVP when )WHADVP (S (NP my views and actions )NP (VP were (VP *UNKED (S (ADJP *UNKING )ADJP )S (PP by (NP a *UNK , *UNK- employer )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(SBAR (WHADJP How difficult )WHADJP (S (NP (NP it )NP )NP (VP is (SBAR for (S (NP a thinking person )NP (VP to (VP live (PP among (NP (NP *UNK )NP (VP *UNKED (PP in (NP the past )NP )PP )VP )NP )PP )VP )VP )S )SBAR )VP )S . )SBAR  STOP
(S (ADVP Now )ADVP , (NP I )NP (VP *UNK (PP in (NP (NP the freedom , culture , activity and *UNK )NP (PP of (NP (NP this great metropolitan area )NP (PP with (NP (NP its traffic *UNK )NP and (NP *UNK *UNKING projects )NP )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (ADVP Yet )ADVP (SBAR (WHADVP when )WHADVP (S (NP my *UNK child )NP (VP died (ADVP (NP two years )NP ago )ADVP )VP )S )SBAR , (NP I )NP (VP *UNKED (NP him )NP (PP in (NP (NP the church *UNK )NP (PP of (NP a small Missouri town )NP )PP )NP )PP )VP . )S  STOP
(S (ADVP So )ADVP (PP after (NP all )NP )PP , (NP (NP even the *UNK critic )NP (PP of (NP rural *UNK )NP )PP )NP (VP *UNK (NP (NP a continuing *UNKING )NP (PP for (NP (NP those *UNK , rural *UNK )NP (VP thought (S (VP to (VP exist (PP amid (NP (NP fields )NP , (NP *UNK )NP and (NP country *UNK )NP )NP )PP )VP )VP )S )VP )NP )PP )NP )VP . )S  STOP
(NP (NP Ronald *UNKC *UNKC )NP (NP (NP *UNKC )NP , (NP *UNK )NP )NP . )NP  STOP
(S (NP Finnish government officials )NP (VP are (VP negotiating (PP with (NP (NP creditors )NP (PP of (NP (NP Waertsilae Marine *UNK )NP , (NP (NP a major shipyard )NP (SBAR (WHNP that )WHNP (S (VP filed (PP for (NP bankruptcy protection )NP )PP (NP this week )NP )VP )S )SBAR )NP , )NP )PP )NP )PP (PP amid (NP (NP confusion )NP and (NP mounting doubts (SBAR that (S (NP (NP collapse )NP (PP of (NP (NP the nation 's )NP entire *UNKING industry )NP )PP )NP (VP can (VP be (VP *UNKED )VP )VP )VP )S )SBAR )NP )NP )PP )VP )VP . )S  STOP
(SINV (PP At (NP stake )NP )PP (VP are )VP (NP (NP (QP almost 10,000 )QP jobs )NP (PP in (NP (NP an industry )NP (SBAR (WHNP that )WHNP (S (VP has (VP been (NP (NP the *UNK )NP (PP of (NP (NP Finland 's )NP *UNK- economic revival )NP )PP )NP )VP )VP )S )SBAR )NP )PP )NP . )SINV  STOP
(S (NP *UNKING )NP (VP became (NP (NP a point )NP (PP of (NP pride )NP )PP )NP (SBAR as (S (NP Finnish *UNK )NP (VP remained (ADJP profitable )ADJP (SBAR (ADVP long )ADVP after (S (NP (NP rivals )NP )NP (VP collapsed (PP all over (NP Europe )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S But (SBAR if (PRN , (SBAR as (S (NP many )NP (ADVP now )ADVP (VP fear )VP )S )SBAR , )PRN (S (NP Waertsilae Marine )NP (VP *UNK (NP (NP the ranks )NP (PP of (NP failed *UNK )NP )PP )NP )VP )S )SBAR (NP it )NP (VP might (VP turn (PRT out )PRT (S (VP to (VP be (VP *UNKED (ADVP most )ADVP (PP as (NP (NP a *UNK )NP (PP on (NP (NP Finland 's )NP international reputation )NP )PP )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The shipyard 's )NP (QP 6.5 billion )QP Finnish *UNK (PRN -LRB- (NP (QP $ *UNKN billion )QP )NP -RRB- )PRN backlog )NP (VP includes (NP (NP (QP about 20 )QP ships )NP (VP ordered (PP by (NP big international *UNK )NP )PP )VP , (PP including (NP (NP three )NP (PP for (NP Carnival *UNKC Lines Inc )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP *UNKED Carnival )NP (VP said (SBAR (S (NP (NP the first )NP (PP of (NP the three ships )NP )PP )NP (VP is (VP scheduled (S (VP to (VP be (VP delivered (NP next month )NP , (PP (ADVP just )ADVP in (NP (NP time )NP (PP for (NP (NP the winter tourist season )NP (PP in (NP the *UNKC )NP )PP )NP )PP )NP )PP )VP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The second ship )NP (VP is (VP scheduled (S (VP to (VP be (VP delivered (PP in (NP fall 1990 )NP )PP )VP )VP )VP )S )VP )VP )S and (S (NP the third )NP (PP in (NP fall 1991 )NP )PP )S . )S  STOP
(S (NP One analyst )NP (VP said (SBAR (SBAR (S (NP the first ship )NP (ADVP probably )ADVP (VP will (VP be (VP delivered (ADVP close (PP to (NP schedule )NP )PP )ADVP )VP )VP )VP )S )SBAR , but (SBAR that (S (NP Carnival )NP (VP may (VP have (S (VP to (VP pay (NP (ADJP (QP up to 25 )QP % )ADJP more )NP (S (VP to (VP get (NP the (ADJP second and third )ADJP ships )NP )VP )VP )S )VP )VP )S )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP All the ships )NP (VP are (VP covered (PP by (NP (NP loan guarantees )NP (PP from (NP a state export financing agency )NP )PP )NP )PP , (SBAR even though (S (NP (NP it )NP )NP (VP 's not (ADJP clear )ADJP (SBAR whether (S (NP they )NP (VP will (ADVP actually )ADVP (VP be (VP built )VP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Bankers )NP (VP worry (SBAR that (S (SBAR if (S (NP the government )NP (VP makes (S (ADJP good )ADJP (NP a threat (S (VP to (VP withdraw (NP its guarantee commitments )NP )VP )VP )S )NP )S )VP )S )SBAR , (NP shippers )NP (VP will (VP counter (PP with (NP (NP a *UNK )NP (PP of (NP lawsuits )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP State loan guarantees )NP (VP are (ADVP rarely )ADVP (NP (NP a source )NP (PP of (NP controversy )NP )PP )NP )VP . )S  STOP
(S (ADVP However )ADVP , (NP some bankers )NP (VP cited (NP (NP possible *UNK )NP (PP between (NP (NP the Waertsilae Marine case )NP and (NP (NP the collapse )NP (PP of (NP (NP *UNKC 's )NP state-owned *UNKC *UNKC *UNK )NP )PP (ADVP (NP two years )NP ago )ADVP )NP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP that case )NP )PP , (NP international banks and investors )NP (VP incurred (NP big losses )NP (SBAR because (S (NP they )NP (VP (ADVP *UNKLY )ADVP believed (SBAR (S (NP (NP the company 's )NP debt )NP (VP carried (NP *UNK state guarantees )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP about (NP (NP the quality )NP (PP of (NP state credit guarantees )NP )PP )NP )PP )NP (VP could (VP reduce (NP (NP the competitive strength )NP (PP of (NP Finnish companies )NP )PP (PP in (NP (NP world markets )NP (SBAR (WHADVP where )WHADVP (S (NP financing )NP (ADVP often )ADVP (VP is (NP (NP the key )NP (PP to (S (VP winning (NP orders )NP )VP )S )PP )NP )VP )S )SBAR )NP )PP )NP )VP )VP )S , (NP analysts )NP (VP *UNK )VP . )S  STOP
(S (S (ADVP Moreover )ADVP , (NP (NP (ADJP state-owned Finnish )ADJP companies )NP (VP *UNKING (NP formal state guarantees )NP )VP )NP (VP could (VP face (NP (NP greater difficulty )NP (S (VP raising (NP funds )NP (PP in (NP international financial markets )NP )PP )VP )S )NP )VP )VP )S , (NP bankers )NP (VP say )VP . )S  STOP
(S (NP (NP The decision )NP (PP by (NP (NP a majority )NP (PP of (NP *UNKED Waertsilae Marine directors )NP )PP )NP )PP (NP Monday )NP (S (VP to (VP file (PP for (NP bankruptcy )NP )PP )VP )VP )S )NP (VP was (NP (NP an *UNK *UNK- )NP (PP from (NP previous government policy )NP )PP )NP )VP . )S  STOP
(S (PP In (NP August )NP )PP , (NP the government )NP (VP played (NP (NP a major part )NP (PP in (NP (NP a sweeping restructuring )NP (PP of (NP the troubled shipyard )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP At (NP the time )NP )PP (S (ADJP *UNKED (PP by (NP (NP *UNK Waertsilae )NP , (NP a conglomerate )NP , )NP )PP )ADJP )S (NP the *UNKING unit )NP (VP (VP faced (NP (NP potential losses )NP (VP estimated (PP at (NP (QP one billion )QP *UNK )NP )PP )VP )NP )VP and (VP was (PP on (NP (NP the *UNK )NP (PP of (NP liquidation )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP Under (NP the rescue plan )NP )PP , (NP Waertsilae )NP (VP sold (NP (NP 51 % )NP (PP of (NP its stake )NP )PP )NP (PP to (NP (NP a group )NP (PP of (NP (NP banks )NP and (NP pension funds )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP The government )NP , (PP in (NP turn )NP )PP , (VP (VP guaranteed (NP financing )NP (S (VP to (VP complete (NP the order backlog )NP )VP )VP )S )VP and (VP took (NP control )NP (PP of (NP the board )NP )PP )VP )VP . )S  STOP
(S (NP Government officials )NP (VP were (VP expected (S (VP to (VP (VP combine (NP Waertsilae Marine )NP (PP with (NP two other struggling firms )NP )PP )VP , and (VP (ADVP thus )ADVP ensure (NP (NP (NP Finland 's )NP survival )NP (PP as (NP a *UNKING nation )NP )PP )NP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP The government )NP (VP (VP spent (NP (NP most )NP (PP of (NP last year )NP )PP )NP (S (VP attempting (S (VP to (VP carry (PRT out )PRT (NP such a plan )NP )VP )VP )S )VP )S )VP but (VP was (VP *UNKED (SBAR (WHADVP when )WHADVP (S (NP the parent Waertsilae concern )NP (VP pulled (ADVP out )ADVP (PP at (NP the last minute )NP )PP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (UCP (PP After (NP (NP the restructuring )NP (PP of (NP Waertsilae Marine )NP )PP )NP )PP and (S (VP *UNKED (PP by (NP state loan guarantees )NP )PP )VP )S )UCP , (NP (NP two big bank creditors )NP , (NP (NP (NP Union Bank )NP (PP of (NP Finland )NP )PP )NP and (NP state-controlled *UNKC )NP )NP , )NP (VP resumed (S (VP lending (NP the shipyard )NP (NP working capital )NP )VP )S )VP . )S  STOP
(S But (NP the bankers )NP (VP (VP got (NP cold feet )NP (ADVP recently )ADVP (SBAR as (S (NP government officials )NP (VP complained (SBAR (S (NP they )NP (VP had (VP been (VP *UNKED (PP about (NP (NP the shipyard 's )NP actual financial condition )NP )PP )VP )VP )VP )S )SBAR )VP )S )SBAR )VP , and (VP hinted (SBAR (S (NP the credit guarantees )NP (VP might (VP be (VP *UNK )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP People )NP (ADJP familiar (PP with (NP (NP Monday 's )NP board meeting )NP )PP )ADJP )NP (VP said (SBAR (S (NP it )NP (VP was (NP (NP the state 's )NP *UNK (S (VP to (VP (ADVP *UNKLY )ADVP *UNK (NP the credit guarantees )NP )VP )VP )S )NP (SBAR (WHNP that )WHNP (S (VP led (S (NP (NP Union Bank )NP and (NP *UNKC )NP )NP (VP to (VP halt (NP (NP lending )NP (PP to (NP Waertsilae Marine )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (ADVP Then )ADVP , (PP in (NP a *UNK *UNK )NP )PP , (NP *UNKED directors )NP (VP voted (S (VP to (VP file (PP for (NP bankruptcy )NP )PP )VP )VP )S , (PP (ADVP apparently )ADVP under (NP (NP instructions )NP (PP from (NP (NP Finland 's )NP Industry Minister *UNKC *UNKC )NP )PP )NP )PP )VP . )S  STOP
(S (NP Analysts )NP (VP say (SBAR (S (NP Mr. *UNKC )NP (VP had (VP grown (ADJP increasingly worried (PP about (NP (NP the state 's )NP potential financial exposure )NP )PP )ADJP (SBAR as (S (NP (NP Waertsilae Marine 's )NP losses )NP (VP *UNKED (PP to (NP (NP (QP more than double )QP the figure )NP (VP estimated (PP in (NP August )NP )PP )VP )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (S (VP *UNKING (SBAR that (S (NP Sweden )NP (VP *UNK (PRT up )PRT (S (VP *UNKING (NP (NP state subsidies )NP (PP of (NP (NP (QP about 35 billion )QP Swedish kronor )NP (PRN -LRB- (NP (QP $ *UNKN billion )QP )NP -RRB- )PRN )NP )PP )NP (PP during (NP the 1970s )NP )PP (PP in (NP a *UNK attempt (S (VP to (VP *UNK (NP its *UNKING industry )NP )VP )VP )S )NP )PP )VP )S )VP )S )SBAR )VP )S , (NP one analyst )NP (VP suggested (SBAR that (S (NP Mr. *UNKC )NP (VP may (VP have (VP decided (S (VP to (VP cut (NP (NP Finland 's )NP losses )NP (ADVP (ADVP once )ADVP and (PP for (NP all )NP )PP )ADVP )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC ministry officials )NP (VP *UNKED (PP with (NP creditors )NP )PP (PP during (NP the week )NP )PP (PP in (NP an attempt (S (VP to (VP agree (PP on (NP (NP some form )NP (PP of (NP restructuring )NP )PP (SBAR (WHNP that )WHNP (S (VP would (VP keep (S (NP Waertsilae Marine )NP (VP operating )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP )S )NP )PP )VP . )S  STOP
(S (S (NP The talks )NP (VP may (VP drag (PRT on )PRT (PP for (NP weeks )NP )PP (SBAR before (S (NP any concrete result )NP (VP is (VP announced )VP )VP )S )SBAR )VP )VP )S , (NP (NP people )NP (ADJP familiar (PP with (NP them )NP )PP )ADJP )NP (VP said )VP . )S  STOP
(S (NP One solution )NP (VP would (VP be (S (VP to (VP sell (NP the shipyard )NP (PP to (NP an *UNK )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S But (NP there )NP (VP appear (S (VP to (VP be (NP few (PRN , (SBAR if (FRAG any )FRAG )SBAR , )PRN *UNK )NP )VP )VP )S )VP . )S  STOP
(S (S (ADVP Indeed )ADVP , (NP the potential losses )NP (VP make (S (NP any rescue scheme )NP (ADJP unlikely )ADJP )S (SBAR unless (S (NP the politicians )NP (ADVP once again )ADVP (VP (VP change (NP *UNK )NP )VP and (VP agree (S (VP to (VP pick (PRT up )PRT (NP the bill )NP )VP )VP )S )VP )VP )S )SBAR )VP )S , (NP analysts )NP (VP said )VP . )S  STOP
(S (ADVP *UNKC )ADVP , (NP (NP shippers )NP (PP with (NP (NP vessels )NP (PP on (NP (NP order )NP (PP from (NP Waertsilae Marine )NP )PP )NP )PP )NP )PP )NP (VP will (VP remain (PP in (NP *UNK )NP )PP )VP )VP . )S  STOP
(S (NP Turner Broadcasting System Inc. )NP (VP said (SBAR (S (NP it )NP (VP expects (S (VP to (VP report (NP (NP an extraordinary loss )NP (PP of (NP (QP about $ *UNKN million )QP )NP )PP (PP in (NP the fourth quarter )NP )PP (PP due (PP to (NP (NP early retirement )NP (PP of (NP debt )NP )PP )NP )PP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The cable *UNK )NP (VP said (SBAR (S (NP the loss )NP (VP will (VP *UNK (ADVP primarily )ADVP (PP of (NP (NP *UNK penalties )NP , and (NP *UNKED issue discount )NP and (NP (NP costs )NP (ADJP related (PP to (NP (NP its *UNKED (ADJP (QP $ 1.6 billion )QP )ADJP refinancing )NP (PP of (NP (NP its long-term debt )NP and (NP (NP some preferred stock )NP (PP in (NP (NP one )NP (PP of (NP its subsidiaries )NP )PP )NP )PP )NP )NP )PP )NP )PP )ADJP )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP A Turner spokesman )NP (VP (VP would n't (VP speculate (PP on (NP (NP the extent )NP (PP of (NP (NP (NP the charge 's )NP effect )NP (PP on (NP (NP the quarter 's )NP earnings )NP )PP )NP )PP )NP )PP )VP )VP , but (VP said (SBAR (S (NP the company )NP (VP continues (S (VP to (VP expect (S (VP to (VP report (NP a net loss )NP (PP for (NP 1989 )NP )PP )VP )VP )S )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP (NP the *UNK or redemption )NP (PP of (NP (NP the long-term debt )NP , and (NP (NP the outstanding Class A cumulative *UNK preferred stock )NP (PP of (NP Cable News Network )NP )PP )NP )NP )PP , )NP (VP was (VP made (S (ADJP possible )ADJP )S (PP by (NP (NP an offering )NP (PP of (NP (NP (NP (QP about $ 750 million )QP )NP (PP of (NP debentures and notes )NP )PP )NP and (NP (NP (QP $ 900 million )QP )NP (PP in (NP bank borrowings )NP )PP )NP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The offering )NP (VP included (NP (NP (NP (QP $ 550 million )QP )NP (PP of (NP (NP (ADJP 12 % )ADJP senior subordinated debentures )NP (ADJP due (NP 2001 )NP )ADJP )NP )PP )NP and (NP (NP (QP $ 200 million )QP )NP (PP of (NP (NP zero coupon liquid yield option notes )NP (ADJP due (NP 2004 )NP )ADJP )NP )PP )NP )NP )VP . )S  STOP
(S (NP The notes )NP (VP (VP were (VP priced (S (VP to (VP yield (NP 8 % )NP )VP )VP )S )VP )VP and (VP are (ADJP convertible (PP into (NP (NP the company 's )NP Class B common stock )NP )PP )ADJP (PP at (NP (NP a price )NP (SBAR (WHNP which )WHNP (S (VP represents (NP (NP a (ADJP 15 % )ADJP premium )NP (PP over (NP (NP the market price )NP (PP on (NP Oct. 10 , 1989 )NP )PP )NP )PP )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP the company )NP (VP called (NP (NP its (ADJP (QP 12 7\/8 )QP % )ADJP senior subordinated notes )NP (ADJP due (NP 1994 )NP )ADJP )NP , (PP with (NP (NP an *UNK principal amount )NP (PP of (NP (QP $ 200 million )QP )NP )PP )NP )PP , (PP for (NP (NP redemption )NP (PP on (NP Dec. 15 )NP )PP )NP )PP )VP . )S  STOP
(S (PP As (NP (NP a result )NP (PP of (NP the refinancing )NP )PP )NP )PP , (NP the company )NP (VP said (SBAR (S (NP (NP the interest )NP (PP on (NP the debt )NP )PP )NP (VP will (VP fall (PP to (NP (NP slightly more )NP (PP than (NP 11 % )NP )PP )NP )PP (PP from (NP (NP slightly more )NP (PP than (NP 14 % )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP American Stock Exchange composite trading )NP )PP , (NP (NP Turner 's )NP Class A stock )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP down (NP 37.5 cents )NP )ADVP )VP . )S  STOP
(S (NP General Motors Corp. )NP (VP said (SBAR (S (NP it )NP (VP will (ADVP temporarily )ADVP (VP idle (NP its (NP (NP *UNKC )NP , (NP Texas )NP , )NP assembly plant )NP (PP for (NP one week )NP )PP (PP beginning (NP Monday )NP )PP (PP because of (NP slow sales )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The closing )NP (VP will (VP (VP affect (NP (QP about 3,000 )QP workers )NP )VP and (VP eliminate (NP (NP production )NP (PP of (NP 700 cars )NP )PP )NP )VP )VP )VP . )S  STOP
(S (NP The assembly plant )NP (VP *UNK (NP the (NX (NX *UNKC *UNKC )NX , (NX Chevrolet *UNKC )NX and (NX *UNKC *UNKC *UNKC *UNKC )NX )NX )NP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP (NP GM 's )NP *UNKC & *UNKC Group )NP (VP said (SBAR (S (NP slow sales )NP (VP are (VP forcing (S (NP it )NP (VP to (VP close (NP its Detroit assembly plant )NP (NP (NP the week )NP (PP beginning (NP Monday )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The plant )NP (VP *UNK (NP (NP *UNK )NP (PP for (NP *UNK vehicles )NP )PP )NP )VP )S and (S (NP (QP about 450 )QP workers )NP (VP will (VP be (VP affected (PP by (NP the closing )NP )PP )VP )VP )VP )S . )S  STOP
(S (NP The (ADJP No. 1 )ADJP auto maker )NP (VP scheduled (NP *UNK )NP (NP this week )NP (PP at (NP (NP its (NP (NP *UNKC )NP , (NP *UNKC )NP , )NP assembly plant )NP , (NP (NP manufacturer )NP (PP of (NP the Chevrolet *UNKC )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP The nine major U.S. auto makers )NP (VP plan (S (VP to (VP build (NP *UNKN vehicles )NP (NP this week )NP , (ADVP (ADVP down (NP 9.6 % )NP (PP from (NP the *UNKN )NP (ADVP (NP a year )NP ago )ADVP )PP )ADVP , but (ADVP (ADVP (NP 2.5 % )NP higher )ADVP (PP than (NP (NP last week 's )NP *UNKN )NP )PP )ADVP )ADVP )VP )VP )S )VP . )S  STOP
(S (NP Ford Motor Co. )NP (VP slated (NP overtime )NP (ADVP again )ADVP (NP this week )NP (PP at (NP its (NP (NP (NP *UNKC )NP , (NP Mich. )NP )NP ; (NP (NP *UNKC )NP , (NP Mich. )NP )NP ; (NP (NP Kansas City )NP , (NP *UNKC )NP )NP , and (NP (NP Norfolk )NP , (NP Va. )NP )NP , )NP assembly plants )NP )PP )VP . )S  STOP
(S (NP They )NP (VP build (NP (NP the (NX (NX Lincoln *UNKC Car )NX , (NX Continental )NX and (NX Mark *UNKC )NX )NX )NP , (NP the Ford *UNKC )NP and (NP *UNKED pickup trucks )NP )NP )VP . )S  STOP
(S (NP Chrysler Corp. )NP (VP scheduled (NP overtime )NP (NP this week )NP (PP at (NP its (NP (NP St. Louis Assembly Plant No. 2 )NP (NP , (NP (NP *UNKC )NP , (NP *UNKC )NP )NP , and (NP (NP Sterling *UNKC )NP , (NP Mich. )NP )NP , assembly plants )NP )NP )NP )PP )VP . )S  STOP
(S (NP They )NP (VP build (NP (NP extended *UNK )NP and (NP the (NX (NX Dodge *UNKC )NX , (NX *UNKC )NX , (NX *UNKC )NX and (NX *UNKC )NX )NX )NP )NP )VP . )S  STOP
(S (LST *UNK )LST - (NP *UNKC change )NP (VP is (ADJP greater (PP than (NP *UNKN % )NP )PP )ADJP )VP . )S  STOP
(NP (LST *UNK )LST - (NP Estimated )NP . )NP  STOP
(S (LST *UNK )LST - (VP *UNKC (NP (NP Chevrolet *UNKC )NP and (NP Toyota *UNKC )NP )NP )VP . )S  STOP
(NP (LST *UNK )LST - (NP *UNKED )NP . )NP  STOP
(S (LST *UNK )LST - (NP *UNKC 1988 figure )NP (VP includes (NP (NP *UNKC *UNK- )NP (PP through (NP July )NP )PP )NP )VP . )S  STOP
(S (NP (NP The surprise resignations )NP (PP of (NP two top economic government officials )NP )PP )NP (VP *UNKED (NP more uncertainty )NP (PP on (NP (NP (NP London 's )NP financial markets )NP , (SBAR (WHNP which )WHNP (S (ADVP already )ADVP (VP have (VP been (VP *UNKING (PP under (NP (NP worries )NP (PP about (NP (NP Britain 's )NP *UNKING economy )NP )PP )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(SINV (S `` (NP (NP The last thing )NP (SBAR (S (NP markets )NP (VP like )VP )S )SBAR )NP (VP is (NP uncertainty )NP )VP , '' )S (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP chief economist )NP (PP at (NP *UNKC *UNKC & Co. )NP )PP )NP , )NP (PP of (NP (NP the resignations )NP (PP of (NP (NP (NAC Chancellor (PP of (NP the Exchequer )NP )PP )NAC Nigel Lawson )NP and (NP chief economic adviser Sir Alan *UNKC )NP )NP )PP )NP )PP . )SINV  STOP
(S `` (S (NP I )NP (VP think (SBAR (S (NP you )NP (VP 'll (VP see (S (NP share prices )NP (VP go (ADVP down )ADVP )VP )S )VP )VP )S )SBAR )VP )S , and (S (NP sterling )NP (ADVP now )ADVP (VP is (PP under (NP (NP something )NP (PP of (NP a *UNK )NP )PP )NP )PP )VP )S . '' )S  STOP
(S (NP The pound )NP (ADVP immediately )ADVP (VP began (S (VP to (VP take (NP a *UNKING )NP )VP )VP )S (SBAR after (S (NP the resignations )NP (VP were (VP announced )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP late New York trading )NP )PP , (NP sterling )NP (VP stood (PP at (NP $ *UNKN )NP )PP , (ADVP down (PP from (NP $ *UNKN )NP (NP late Wednesday )NP )PP )ADVP )VP . )S  STOP
(S (NP The British economy )NP (VP is (ADVP hardly )ADVP (NP (NP the picture )NP (PP of (NP health )NP )PP )NP (NP these days )NP )VP . )S  STOP
(S (S (S (PP At (NP 15 % )NP )PP )S , (NP base interest rates )NP (VP are (NP (NP the highest )NP (PP in (NP eight years )NP )PP )NP )VP )S , and (S (NP the 7.6 % annual inflation rate )NP (VP is (PP by far )PP (NP (NP the highest )NP (PP in (NP the European Community )NP )PP )NP )VP )S . )S  STOP
(S (NP *UNKC )NP (VP are (VP pressing (NP (NP demands )NP (PP for (NP (NP wage increases )NP (PP of (NP (NP more )NP (PP than (NP 10 % )NP )PP )NP )PP )NP )PP )NP (PP despite (NP general belief (SBAR that (S (NP (NP economic growth )NP (NP next year )NP )NP (VP will (VP be (ADJP less (PP than (NP 2 % )NP )PP )ADJP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP the financial markets )NP (VP are (VP reflecting (NP the *UNK )NP )VP )VP . )S  STOP
(S (NP The Financial Times 100-share index )NP (VP has (VP dropped (NP (QP about 12 )QP % )NP (PP from (NP (NP its 1989 high )NP (PP of (NP *UNKN )NP )PP )NP (PP on (NP Sept. 8 )NP )PP )PP )VP )VP . )S  STOP
(S (NP Yesterday )NP , (SBAR (ADVP even )ADVP before (S (NP the resignations )NP (VP were (VP announced )VP )VP )S )SBAR , (NP the index )NP (VP *UNK (NP *UNKN points )NP (S (VP to (VP close (PP at (NP *UNKN )NP )PP )VP )VP )S )VP . )S  STOP
(SINV (S `` (NP We )NP (VP are (VP expecting (NP a recession )NP )VP )VP , '' )S (VP says )VP (NP (NP Donald Franklin )NP , (NP (NP chief economist )NP (PP at (NP *UNKC investment bank )NP )PP )NP )NP . )SINV  STOP
(S `` (NP The only question )NP (VP is , (SBARQ (WHADJP how deep )WHADJP (SQ is (NP it )NP (VP going (S (VP to (VP be )VP )VP )S )VP )SQ )SBARQ )VP ? )S  STOP
(S (NP (NP The outlook )NP (PP for (NP corporate earnings )NP )PP )NP (VP is (ADJP fairly *UNK )ADJP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP 's (ADJP quite likely )ADJP (SBAR (S (NP we )NP (VP 're (VP going (S (VP to (VP get (NP (NP *UNK )NP '' (PP of (NP the mid-October market *UNK )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Red *UNK )NP (ADVP already )ADVP (VP has (VP begun (S (VP to (VP flow (PP in (NP (NP the wake )NP (PP of (NP (NP the *UNKC market breaks )NP (PP of (NP (NP Oct. 13 )NP and (NP Oct. 16 )NP )NP )PP )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP *UNKED *UNKC Holdings )NP , (NP (NP the largest *UNK )NP (PP of (NP traders )NP )PP (PP in (NP the Chicago options and futures markets )NP )PP )NP , )NP (VP said (NP yesterday )NP (SBAR (S (NP it )NP (VP will (VP *UNK (NP a *UNK- loss )NP (PP as (NP (NP a result )NP (PP of (NP the market plunge )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The company )NP , (SBAR (WHNP which )WHNP (S (ADVP also )ADVP (VP will (VP *UNK (NP its *UNK- dividend )NP )VP )VP )S )SBAR , )NP (VP did n't (VP specify (NP the size )NP )VP )VP . )S  STOP
(S But (NP company insiders )NP (VP estimated (SBAR that (S (NP the loss )NP (VP could (VP approach (NP (NP the equivalent )NP (PP of (NP (QP $ 10 million )QP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Christopher *UNKC )NP , (NP *UNKC chief executive )NP , )NP (VP said (PP in (NP an interview )NP )PP (SBAR that (S (NP the loss )NP (VP stemmed (PP from (NP (NP the default )NP (PP of (NP (NP three options traders )NP (SBAR (WHNP who )WHNP (S (VP had (VP bet (PP on (NP (NP a price rise )NP (PP in (NP UAL Corp. shares )NP )PP (PP before (NP Oct. 13 )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The price )NP (VP plummeted (SBAR after (S (NP (NP a proposed leveraged buy-out )NP (PP of (NP the airline )NP )PP )NP (VP fell (ADVP through )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Holdings shares )NP (VP plummeted (NP 36 pence )NP (S (VP to (VP close (PP at (NP (NP (NP 54 pence )NP (PRN -LRB- (NP 85 cents )NP -RRB- )PRN )NP , (NP a (ADJP 40 % )ADJP drop )NP , )NP )PP (PP on (NP (NP London 's )NP stock exchange )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP (NP London 's )NP financial district )NP )PP )NP (VP are (VP *UNKING (NP themselves )NP (PP for (NP heavy *UNK )NP )PP )VP )VP . )S  STOP
(SINV (S `` (NP (NP A lot more )NP (PP of (NP our customers )NP )PP )NP (VP are (VP *UNKING (PP until (NP our 10 p.m. closing time )NP )PP )VP )VP , '' )S (VP says )VP (NP (NP Christopher Brown )NP , (NP (NP managing director )NP (PP of (NP (NP *UNKC & *UNKC *UNKC Ltd. )NP , (SBAR (WHNP which )WHNP (S (VP runs (NP (NP five *UNK *UNK *UNK )NP (PP in (NP the district )NP )PP )NP )VP )S )SBAR )NP )PP )NP )NP . )SINV  STOP
(SINV (S `` (NP There )NP (VP 's (NP (NP a strong sense )NP (PP among (NP the *UNK set )NP )PP (SBAR that (S (NP there )NP (VP 's (NP (NP more (PRN -LCB- bad news -RCB- )PRN )NP (SBAR (S (VP to (VP come )VP )VP )S )SBAR )NP )VP )S )SBAR )NP )VP , '' )S (VP asserts )VP (NP (NP Roger *UNKC )NP , (NP (NP chief investment officer )NP (PP at (NP Morgan Grenfell Asset Management )NP )PP )NP )NP . )SINV  STOP
(S `` (NP (NP People )NP (PP in (NP the stock market )NP )PP )NP (VP were (ADVP very much )ADVP (NP (NP (NP Thatcher 's )NP children )NP -- (NP very young and *UNK *UNK )NP )NP )VP . )S  STOP
(S (ADVP Now )ADVP (NP it )NP (VP 's (VP *UNKING (PP on (NP them )NP )PP (SBAR that (S (NP they )NP (VP can (VP be (ADJP *UNK- )ADJP )VP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP The *UNK )NP (VP has (VP created (NP (NP a *UNK *UNKING )NP (PP for (NP (NP the *UNKED days )NP (PP of (NP the *UNK- )NP )PP , (PP before (NP (NP a *UNK )NP (PP of (NP (NP *UNK- mergers )NP (PP on (NP (NP the *UNK )NP (PP of (NP (NP (NP the industry 's )NP deregulation )NP (PP in (NP 1986 )NP )PP )NP )PP )NP )PP )NP )PP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(SINV (S `` (NP People )NP (VP come (PP to (NP us )NP )PP (S (VP saying (SBAR (S (NP they )NP (VP 'd (VP like (S (VP to (VP be (ADVP (ADVP back )ADVP (SBAR (WHADVP where )WHADVP (S (NP they )NP (VP were (ADVP (NP a few years )NP ago )ADVP )VP )S )SBAR , (PP in (NP (NP a (ADJP more *UNK )ADJP atmosphere , )NP (PP with (NP less tension )NP )PP )NP )PP )ADVP )VP )VP )S )VP )VP )S )SBAR )VP )S )VP , '' )S (VP says )VP (NP (NP Stephen *UNKC )NP , (NP (NP managing director )NP (PP of (NP (NP Hanover Partners Ltd. )NP , (NP a financial district *UNKING firm )NP )NP )PP )NP )NP . )SINV  STOP
(S (S But (PP after (NP (NP trading losses )NP (PP in (NP (NP the mid-October market *UNK )NP (ADVP here )ADVP )NP )PP )NP )PP , (NP many people )NP (VP will (VP be (ADJP lucky (S (VP to (VP have (NP jobs )NP (ADVP at all )ADVP )VP )VP )S )ADJP )VP )VP , )S (NP executives )NP (VP predict )VP . )S  STOP
(S (NP (NP The industry )NP , (SBAR (WHNP which )WHNP (S (ADVP currently )ADVP (VP employs (NP (QP about 25,000 )QP people )NP (PP in (NP London )NP )PP )VP )S )SBAR , )NP (VP has (VP shed (NP (QP about *UNKN )QP jobs )NP (PP over (NP the past two years )NP )PP )VP )VP . )S  STOP
(SINV (S `` (NP I )NP (VP can (VP see (NP (NP cuts )NP (PP of (NP (ADJP (QP at least 20 )QP % )ADJP more )NP )PP )NP )VP )VP , '' )S (VP says )VP (NP (NP the head )NP (PP of (NP (NP the London office )NP (PP of (NP a major U.S. firm )NP )PP )NP )PP )NP . )SINV  STOP
(S (S (NP The mergers and acquisitions market )NP (VP has (VP been (NP (NP a saving *UNK )NP (PP for (NP the industry )NP )PP )NP )VP )VP )S , but (S (NP uncertainties )NP (VP are (VP beginning (S (VP to (VP mount (ADVP even there )ADVP )VP )VP )S )VP )VP )S . )S  STOP
(S (NP *UNKC takeovers )NP (VP are (VP expected (S (VP to (VP continue (PP at (NP their brisk pace )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S But (NP investment bankers )NP (VP say (SBAR that (S (NP (NP stock market uncertainties )NP (PP in (NP the U.S. )NP )PP )NP (VP may (VP cause (S (NP many European companies )NP (VP to (VP mark (NP time )NP (PP before (S (VP bidding (PP for (NP American companies )NP )PP )VP )S )PP , (PP in (NP the hope (SBAR that (S (NP share prices )NP (VP will (VP come (PRT down )PRT )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(SINV (S `` (SBAR If (S (NP (NP prices )NP (PP in (NP the States )NP )PP )NP (VP go (PRT down )PRT )VP )S )SBAR , (NP (NP industrial buyers )NP (PP in (NP Europe )NP )PP )NP (VP have (NP (NP the opportunity )NP (PP of (S (VP getting (NP reasonable prices )NP (PP in (NP the U.S. )NP )PP )VP )S )PP )NP )VP , '' )S (VP says )VP (NP (NP *UNKC *UNK *UNKC )NP , (NP (NP chief )NP (PP of (NP *UNKC *UNKC )NP )PP (PP at (NP Credit Suisse First Boston Ltd )NP )PP )NP )NP . )SINV  STOP
(S But (NP he )NP (VP adds : (S `` (NP (NP Everybody )NP and (NP his sister )NP )NP (VP have (VP opened (PRT up )PRT (NP *UNKC shops )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP It )NP )NP (VP 's (ADJP difficult )ADJP (S (VP to (VP see (SBAR that (S (NP there )NP (VP 's (VP going (S (VP to (VP be (NP (NP enough business )NP (SBAR (S (VP to (VP go (PRT around )PRT )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP (QP About eight )QP firms )NP (VP will (VP get (NP (NP the *UNK 's )NP share )NP )VP )VP . )S  STOP
(S (PP At (NP the others )NP )PP , (NP there )NP (VP are (VP going (S (VP to (VP be (NP (NP a lot )NP (PP of (NP *UNK )NP )PP )NP , (PP after (NP (NP all those promises )NP and (NP (NP all that big money )NP (SBAR (WHNP that )WHNP (S (VP 's )VP (VP been (VP paid (PP to (NP people )NP )PP )VP )VP )S )SBAR )NP )NP )PP )VP )VP )S )VP )VP . '' )S  STOP
(S (NP It )NP all (VP adds (PRT up )PRT (PP to (NP (NP a cold winter )NP (ADVP here )ADVP )NP )PP )VP . )S  STOP
(SINV (VP Says )VP (NP (NP Allen D. *UNKC )NP , (NP (NP head )NP (PP of (NP trading )NP )PP (PP at (NP Bankers Trust Co. )NP )PP )NP )NP : (S `` (NP People )NP (VP are (ADJP (ADVP just )ADVP *UNK scared )ADJP )VP )S . '' )SINV  STOP
(S (NP (NP One person )NP (SBAR (WHNP who )WHNP (S (VP is (ADJP past (S (VP *UNKING (PP about (NP (NP London 's )NP *UNK )NP )PP )VP )S )ADJP )VP )S )SBAR )NP (VP is (NP Christopher *UNKC )NP )VP . )S  STOP
(S (NP Last summer )NP , (NP he )NP (VP (VP *UNKED (NP (NP his 10-year career )NP (PP as (NP a London *UNK )NP )PP )NP )VP and (VP headed (PP for (NP the *UNK )NP )PP )VP )VP . )S  STOP
(S (NP He )NP (VP did n't (VP stop (SBAR until (S (NP he )NP (VP got (PP to (NP (NP Jackson *UNKC )NP , (NP *UNKC )NP )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(SINV `` (S (NP I )NP (VP 'm (ADJP *UNK (S (VP to (VP be (ADVP out )ADVP )VP )VP )S )ADJP )VP )S , '' (VP said )VP (NP the *UNK- Mr. *UNKC )NP (PP in (NP a phone interview )NP )PP . )SINV  STOP
(S `` (S (NP (NP (NP The percentage )NP (PP of (NP your day )NP )PP )NP (VP spent (S (VP *UNKING (NP your *UNK )NP )VP )S )VP )NP (VP got (ADJP greater )ADJP )VP )S , and (S (NP the work day )NP (VP kept (S (VP getting (ADJP longer )ADJP )VP )S )VP )S . )S  STOP
(SBARQ (WHNP What )WHNP (SQ am (NP I )NP (VP doing (PP in (NP Jackson *UNKC )NP )PP )VP )SQ ? )SBARQ  STOP
(NP Not a great deal . )NP  STOP
(S (NP (NP My wife )NP and (NP I )NP )NP (VP will (VP stay (UCP (UCP (PP through (NP the *UNKING season )NP )PP , or (SBAR until (S (NP the money )NP (VP runs (PRT out )PRT )VP )S )SBAR )UCP -- (SBAR (WHNP *UNK )WHNP (S (VP comes (ADVP first )ADVP )VP )S )SBAR )UCP )VP )VP . )S  STOP
(S But (PP unlike (NP London )NP )PP , (PP out (NP here )NP )PP (NP I )NP (VP 've (ADVP never )ADVP (VP heard (S (NP anybody )NP (VP blow (NP a car *UNK )NP (PP in (NP anger )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP *UNKC Australia Ltd. )NP , (PP under (NP (NP pressure )NP (PP from (NP bank lenders )NP )PP )NP )PP , (VP has (VP called (PRT in )PRT (NP accounting firm *UNKC *UNKC *UNKC )NP (S (VP to (VP help (VP (VP *UNK (NP asset sales )NP )VP and (VP restructure (NP the (NX (NX resorts )NX and (NX media company )NX )NX )NP )VP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP Analysts )NP (VP said (SBAR (S (NP the move )NP (VP could (VP *UNK (NP (NP (ADJP even *UNK )ADJP action )NP (PP by (NP the banks )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP any move )NP (PP by (NP the banks )NP )PP (SBAR (S (VP to (VP take (PRT over )PRT (NP (NP Qintex Australia 's )NP management )NP )VP )VP )S )SBAR )NP (VP could (VP *UNK (NP its ability (S (VP to (VP operate (NP its national television network )NP (PP under (NP Australian broadcast license rules )NP )PP )VP )VP )S )NP )VP )VP . )S  STOP
(S (NP That )NP , (PP in (NP turn )NP )PP , (VP could (VP (ADVP substantially )ADVP reduce (NP (NP the value )NP (PP of (NP the television assets )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP The appointment )NP (PP of (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP has (NP (NP a unit )NP (SBAR (WHNP that )WHNP (S (VP specializes (PP in (S (VP advising (NP troubled companies )NP )VP )S )PP )VP )S )SBAR )NP )VP )S )SBAR , )NP )PP )NP (VP came (PRT about )PRT (PP as (NP (NP a result )NP (PP of (NP (NP a round )NP (PP of (NP (NP meetings )NP (VP held (PP by (NP Qintex Australia Chairman (NP Christopher Skase )NP )NP )PP (PP with (NP bank creditors )NP )PP )VP )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Yesterday )NP , (NP Mr. Skase )NP (VP said (SBAR (S (NP the company )NP (VP (VP is (ADJP `` *UNK )ADJP )VP and (VP (PP with (NP (NP the continued support )NP (PP of (NP its bankers )NP )PP )NP )PP is (ADJP able (S (VP to (VP meet (NP its financial commitments )NP )VP )VP )S )ADJP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Qintex Australia )NP (VP is (NP (NP a unit )NP (PP of (NP Qintex Ltd )NP )PP )NP )VP . )S  STOP
(S (NP (NP The Qintex group 's )NP problems )NP (VP began (PP in (NP *UNK )NP )PP (PP in (NP (NP March )NP , (SBAR (WHADVP when )WHADVP (S (NP Mr. Skase )NP (VP agreed (S (VP to (VP buy (NP MGM\/UA Communications Co )NP )VP )VP )S )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (S But (NP the transaction )NP (VP *UNKED (PP in (NP (NP September )NP , (SBAR (WHADVP when )WHADVP (S (NP Qintex Australia )NP (VP was (VP forced (S (VP to (VP increase (NP its offer )NP (PP to (NP (QP US$ 1.5 billion )QP )NP )PP )VP )VP )S (PP following (NP (NP a *UNK )NP (PP from (NP *UNKC *UNKC )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )VP )S ; (S (NP the deal )NP (VP fell (PRT apart )PRT (ADVP altogether )ADVP (NP earlier this month )NP )VP )S . )S  STOP
(S (NP Qintex Australia )NP (VP owes (NP creditors )NP (NP (QP around A$ 1.2 billion )QP )NP )VP . )S  STOP
(S (NP Last Friday )NP , (NP (NP Qintex Entertainment Inc. )NP , (NP its *UNKED U.S. TV production and distribution affiliate )NP , )NP (VP filed (PP for (NP Chapter 11 protection )NP )PP )VP . )S  STOP
(S (NP The government )NP (VP is (VP *UNKING (NP (NP (NP its *UNK *UNK )NP (PP against (NP *UNK- defendants )NP )PP )NP : (NP (NP the power )NP (SBAR (S (VP to (VP prevent (NP them )NP (PP from (S (VP paying (NP their legal bills )NP )VP )S )PP )VP )VP )S )SBAR )NP )NP )VP )VP . )S  STOP
(S And (NP defense lawyers )NP (VP are (VP warning (SBAR that (S (NP they )NP (VP wo n't (VP stick (PRT around )PRT (SBAR if (S (NP they )NP (VP do n't (VP get (VP paid )VP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The issue )NP (VP has (VP come (PP to (NP a *UNK )NP )PP (PP in (NP (NP (NP Newark )NP , (NP N.J. )NP )NP , (SBAR (WHADVP where )WHADVP (S (NP federal prosecutors )NP (VP have (VP warned (NP (NP lawyers )NP (PP for (NP *UNKC Antar )NP )PP )NP (SBAR that (S (SBAR if (S (NP (NP the founder and former chairman )NP (PP of (NP *UNKC *UNKC Inc. )NP )PP )NP (VP is (VP indicted )VP )VP )S )SBAR , (NP the government )NP (VP may (VP move (S (VP to (VP seize (NP (NP the money )NP (SBAR (WHNP that )WHNP (S (NP Mr. Antar )NP (VP is (VP using (S (VP to (VP pay (NP legal fees )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP The warning )NP (PP by (NP (NP the U.S. attorney 's )NP office )NP )PP )NP (VP follows (NP (NP two decisions )NP (PP by (NP the U.S. Supreme Court )NP )PP (NP last June )NP )NP )VP . )S  STOP
(S (PP In (NP those cases )NP )PP , (NP the high court )NP (VP ruled (SBAR that (S (NP federal law )NP (VP gives (NP prosecutors )NP (NP (NP broad authority )NP (SBAR (S (VP to (VP seize (NP (NP (NP assets )NP (PP of (NP (NP people )NP (VP accused (PP of (NP (NP racketeering )NP and (NP *UNKED crimes )NP )NP )PP )VP )NP )PP )NP , (VP including (NP (NP fees )NP (VP paid (PP to (NP lawyers )NP )PP (PP before (NP an indictment )NP )PP )VP )NP )VP )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (SBAR If (S (NP the government )NP (VP succeeds (PP in (S (VP *UNKING (NP (NP Mr. Antar 's )NP assets )NP )VP )S )PP )VP )S )SBAR , (NP he )NP (VP could (VP be (VP left (PP without (NP *UNK- legal *UNK )NP )PP , (SBAR because (S (NP his attorneys )NP (VP are (ADJP likely (S (VP to (VP quit )VP )VP )S )ADJP )VP )S )SBAR , (PP according (PP to (NP (NP individuals )NP (ADJP familiar (PP with (NP the case )NP )PP )ADJP )NP )PP )PP )VP )VP )VP . )S  STOP
(S (NP A *UNK )NP (ADVP also )ADVP (VP would (VP make (S (NP the case )NP (NP (NP the largest )NP -- and (NP (NP one )NP (PP of (NP the first )NP )PP )NP -- (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP (NP lawyers ' )NP fees )NP (VP have (VP been (VP *UNKED (PP in (NP (NP a prosecution )NP (ADJP unrelated (PP to (NP drugs )NP )PP )ADJP )NP )PP )VP )VP )VP )S )SBAR )NP )S )VP )VP . )S  STOP
(SINV (S `` (S (NP (NP The people )NP (SBAR (WHNP who )WHNP (S (VP suffer (PP in (NP the short run )NP )PP )VP )S )SBAR )NP (VP are (NP defendants )NP )VP )S , but (S (NP (NP the people )NP (SBAR (WHNP who )WHNP (S (VP suffer (PP in (NP the long run )NP )PP )VP )S )SBAR )NP (VP are (NP (NP all )NP (PP of (NP the people )NP )PP )NP )VP )S , (SBAR because (S (NP there )NP (VP wo n't (VP be (NP (NP a vigorous private bar )NP (SBAR (S (VP to (VP defend (NP (NP the Bill )NP (PP of (NP Rights )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR , '' )S (VP says )VP (NP (NP Gerald *UNKC )NP , (NP (NP a criminal defense attorney )NP (SBAR (WHNP who )WHNP (S (VP says (SBAR (S (NP he )NP (VP has (VP turned (PRT down )PRT (NP (NP a number )NP (PP of (NP cases )NP )PP )NP (S (VP to (VP avoid (NP possible fee *UNK )NP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )NP )NP . )SINV  STOP
(S (NP Mr. Antar )NP (VP is (VP being (VP *UNKED (PP by (NP (NP a federal grand jury )NP (PP in (NP (NP Newark )NP , (SBAR (WHADVP where )WHADVP (S (NP prosecutors )NP (VP have (VP told (NP him )NP (SBAR that (S (NP they )NP (VP may (ADVP soon )ADVP (VP seek (NP (NP an indictment )NP (PP on (NP racketeering and securities fraud charges )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (PP Under (NP (NP the *UNKC *UNKED and *UNKC *UNKC law )NP , or (NP RICO )NP , )NP )PP (NP the government )NP (VP has (NP (NP the authority )NP (SBAR (S (VP to (VP seek (S (VP to (VP *UNK or seize (NP (NP a defendant 's )NP assets )NP )VP )VP )S (PP before (NP trial )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP According (PP to (NP (NP individuals )NP (ADJP familiar (PP with (NP (NP Mr. Antar 's )NP case )NP )PP )ADJP )NP )PP )PP , (NP prosecutors )NP (VP issued (NP their warning )NP (NP this week )NP (SBAR after (S (NP (NP one )NP (PP of (NP (NP Mr. Antar 's )NP attorneys )NP )PP )NP (VP asked (SBAR whether (S (NP legal fees )NP (VP might (VP be (ADJP subject (PP to (NP *UNK )NP )PP )ADJP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP a letter )NP )PP , (NP prosecutors )NP (VP told (NP (NP Mr. Antar 's )NP lawyers )NP (SBAR that (S (PP because of (NP the recent Supreme Court *UNK )NP )PP , (NP they )NP (VP could (VP expect (SBAR that (S (NP (NP any fees )NP (VP *UNKED (PP from (NP Mr. Antar )NP )PP )VP )NP (VP may (VP be (VP seized )VP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP have (VP told (NP (NP Mr. Antar 's )NP attorneys )NP (SBAR that (S (NP they )NP (VP believe (SBAR (S (NP (NP Mr. Antar )NP 's (ADJP allegedly *UNK- )ADJP gains )NP (VP are (ADJP so great (SBAR that (S (NP (NP any money )NP (SBAR (S (NP he )NP (VP has (VP used (S (VP to (VP pay (NP attorneys )NP )VP )VP )S )VP )VP )S )SBAR )NP (VP *UNK (PP from (NP illegal activities )NP )PP )VP )S )SBAR )ADJP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP *UNKC )ADVP (PRN , (S (NP they )NP (VP said )VP )S , )PRN (NP the money )NP (VP can (VP be (VP taken (PP from (NP the lawyers )NP )PP (SBAR (ADVP even )ADVP after (S (NP they )NP (VP are (VP paid )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP (NP (NP *UNKC *UNKC )NP and (NP Jack *UNKC )NP )NP , (NP (NP attorneys )NP (PP for (NP Mr. Antar )NP )PP )NP , )NP both (VP declined (S (VP to (VP comment (PP on (NP the matter )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP In (NP Newark )NP )PP , (NP U.S. Attorney Samuel A. *UNKC )NP (VP said , (S `` (NP I )NP (VP do n't (VP think (SBAR (S (NP there )NP (VP 's (NP (NP any legal reason )NP (SBAR (S (VP to (VP limit (NP (NP forfeiture )NP (PP of (NP (NP attorney 's )NP fees )NP )PP (PP to (NP drug cases )NP )PP )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP )S )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP his office )NP `` (ADVP just )ADVP (VP responded (PP to (NP (NP (NP an attorney 's )NP question )NP (PP about (SBAR whether (S (S (NP we )NP (VP would (VP go (PP after (NP (NP attorney 's )NP fees )NP )PP )VP )VP )S , and (S (NP that )NP (VP is (ADJP different (PP from (S (ADVP actually )ADVP (VP doing (NP it )NP )VP )S )PP )ADJP , (SBAR although (S (NP we )NP (VP reserve (NP that right )NP )VP )S )SBAR )VP )S )S )SBAR )PP )NP )PP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Mr. Antar )NP (VP was (VP charged (NP last month )NP (PP in (NP (NP a civil suit )NP (VP filed (PP in (NP (NP federal court )NP (PP in (NP Newark )NP )PP )NP )PP (PP by (NP the Securities and Exchange Commission )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP that suit )NP )PP , (NP the SEC )NP (VP accused (NP Mr. Antar )NP (PP of (S (VP *UNKING (PP in (NP a `` massive financial fraud '' )NP )PP (S (VP to (VP *UNK (NP (NP the earnings )NP (PP of (NP (NP *UNKC Eddie )NP , (NP (NP Edison )NP , (NP N.J. )NP )NP , )NP )PP )NP (PP over (NP a three-year period )NP )PP )VP )VP )S )VP )S )PP )VP . )S  STOP
(S (PP Through (NP his lawyers )NP )PP , (NP Mr. Antar )NP (VP has (VP denied (NP (NP allegations )NP (PP (PP in (NP the SEC suit )NP )PP and (PP in (NP (NP civil suits )NP (VP (ADVP previously )ADVP filed (PP by (NP shareholders )NP )PP (PP against (NP (NP Mr. Antar )NP and (NP others )NP )NP )PP )VP )NP )PP )PP )NP )VP )VP . )S  STOP
(S (NP The SEC )NP (VP has (VP alleged (SBAR that (S (NP Mr. Antar )NP (VP aimed (S (VP to (VP pump (PRT up )PRT (NP (NP the company 's )NP stock price )NP (PP through (NP false financial statements )NP )PP (SBAR (PP in (NP order )NP )PP (S (VP to (VP (VP sell (NP his stake )NP )VP and (VP *UNK (NP huge profits )NP )VP )VP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Mr. Antar )NP (PRN , (S (NP the SEC )NP (VP said )VP )S , )PRN (VP made (NP (QP more than $ 60 million )QP )NP (PP from (NP (NP the sale )NP (PP of (NP his shares )NP )PP )NP )PP (PP between (NP 1985 and 1987 )NP )PP )VP . )S  STOP
(S (NP The Justice Department )NP (VP has (VP emphasized (SBAR that (S (NP (NP the government 's )NP *UNK- power )NP (VP is (S (VP to (VP be (VP used (ADVP *UNKLY )ADVP )VP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (PP According (PP to (NP department policy )NP )PP )PP , (NP prosecutors )NP (VP must (VP make (NP a strong showing (SBAR that (S (NP (NP lawyers ' )NP fees )NP (VP came (PP from (NP (NP assets )NP (VP *UNKED (PP by (NP illegal profits )NP )PP )VP )NP )PP )VP )S )SBAR )NP (SBAR before (S (NP (NP any attempts )NP (PP at (NP *UNK )NP )PP )NP (VP are (VP made )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP Still )ADVP , (NP criminal defense lawyers )NP (VP worry (SBAR that (S (NP defendants )NP (VP are (VP being (VP *UNKED (PP of (NP (NP their *UNKC *UNKC right )NP (PP to (NP (NP counsel )NP and (NP a fair trial )NP )NP )PP )NP )PP (SBAR if (S (NP the government )NP (VP can (VP seize (NP (NP lawyers ' )NP fees )NP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (ADVP also )ADVP (VP worry (SBAR that (S (SBAR if (S (NP the government )NP (VP *UNK (NP *UNK- laws )NP (ADVP broadly )ADVP )VP )S )SBAR , (NP the best defense lawyers )NP (VP will (VP be (ADJP *UNKING (S (VP to (VP take (NP criminal cases )NP )VP )VP )S )ADJP (SBAR unless (S (NP they )NP (VP are (VP assured (PP of (S (VP being (VP paid )VP )VP )S )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The stock market *UNK )NP (PP of (NP Oct. 13 , 1989 )NP )PP )NP , (VP was (NP (NP a *UNK *UNK )NP (PP of (NP the (NP Oct. 19 , 1987 )NP market collapse )NP )PP )NP )VP . )S  STOP
(S (SBAR Since , (S (PP like (NP earthquakes )NP )PP , (NP stock market *UNK )NP (VP will (ADVP always )ADVP (VP be (PP with (NP us )NP )PP )VP )VP )S )SBAR , (NP (NP it )NP )NP (VP is (ADJP *UNK )ADJP (S (VP to (VP take (NP (NP all possible *UNK )NP (PP against (NP another such market collapse )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (PP In (ADJP general )ADJP )PP , (NP markets )NP (VP (VP function (ADVP well )ADVP )VP and (VP adjust (ADVP smoothly )ADVP (PP to (NP changing (ADJP economic and financial )ADJP circumstances )NP )PP )VP )VP . )S  STOP
(S But (NP there )NP (VP are (NP (NP times )NP (SBAR (WHADVP when )WHADVP (S (S (NP they )NP (VP seize (PRT up )PRT )VP )S , and (S (NP *UNK sellers )NP (VP can not (VP find (NP buyers )NP )VP )VP )S )S )SBAR )NP )VP . )S  STOP
(S (NP That )NP (VP 's (ADVP just )ADVP (SBAR (WHNP what )WHNP (S (VP happened (PP in (NP the October 1987 crash )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (SBAR As (S (NP the market )NP (VP tumbled )VP )S )SBAR , (NP *UNKLY market conditions )NP (VP *UNKED )VP )S : (S (NP (NP The margins )NP (PP between (NP (NP buying bids )NP and (NP selling bids )NP )NP )PP )NP (VP widened )VP )S ; (S (S (VP trading (PP in (NP many stocks )NP )PP )VP )S (VP was (VP suspended )VP )VP )S ; (S (NP orders )NP (VP took (ADVP *UNKLY long )ADVP (S (VP to (VP be (VP executed )VP )VP )VP )S )VP )S ; and (S (NP many specialists )NP (VP stopped (S (VP trading (ADVP altogether )ADVP )VP )S )VP )S . )S  STOP
(S (S (NP These failures )NP (PP in (NP turn )NP )PP (VP contributed (PP to (NP (NP the fall )NP (PP in (NP the market *UNK )NP )PP )NP )PP )VP )S : (S (S (NP *UNKC )NP (VP *UNKED (NP an extra risk premium )NP )VP )S and (S (NP *UNK- )NP (VP triggered (NP additional selling pressures )NP )VP )S )S . )S  STOP
(S (NP The situation )NP (VP was (PP like (NP (NP that )NP (PP of (NP (NP a *UNK )NP (SBAR (WHNP who )WHNP (S (VP is (VP thrown (PP (ADVP slightly )ADVP off (NP balance )NP )PP (PP by (NP (NP an unexpected *UNK )NP (PP on (NP the *UNK )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP His *UNK )NP (VP spread (ADVP *UNK and *UNK apart )ADVP -- (SBAR (ADVP just )ADVP as (S (NP *UNK- spreads )NP (VP *UNK (PP during (NP a financial panic )NP )PP )VP )S )SBAR )VP )S -- and (S (ADVP soon )ADVP (NP he )NP (VP is (PP out (PP of (NP control )NP )PP )PP )VP )S . )S  STOP
(S (S (ADJP *UNKC (S (VP to (VP stop (NP his *UNKING *UNK )NP )VP )VP )S )ADJP )S , (NP he )NP (VP *UNK )VP . )S  STOP
(S (PP (PP After (NP the 1987 crash )NP )PP , and (PP as (NP (NP a result )NP (PP of (NP (NP the recommendations )NP (PP of (NP many studies )NP )PP )NP )PP )NP )PP )PP , (NP `` circuit breakers '' )NP (VP were (VP *UNKED (S (VP to (VP allow (S (NP market participants )NP (VP to (VP *UNK and restore (NP *UNKLY market conditions )NP )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP 's (ADJP *UNK )ADJP , though , (SBAR whether (S (NP circuit breakers )NP (VP do (NP any real good )NP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP the additional time )NP (SBAR (S (NP they )NP (VP provide )VP )S )SBAR )NP )PP (NP (ADJP even more )ADJP order *UNK )NP (VP might (VP *UNK (PRT up )PRT , (SBAR as (S (NP would-be sellers )NP (ADVP finally )ADVP (VP get (NP their broker )NP (PP on (NP the phone )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP Instead )ADVP , (NP (NP an appropriate institution )NP )NP (VP should (VP be (VP charged (PP with (NP (NP the job )NP (PP of (S (VP *UNKING (NP (NP *UNK )NP (PP in (NP the market )NP )PP )NP )VP )S )PP )NP )PP : (NP the Federal Reserve )NP )VP )VP )VP . )S  STOP
(S (NP (NP The availability )NP (PP of (NP *UNKLY assistance )NP )PP (PRN -- (PP of (NP a *UNK )NP )PP -- )PRN )NP (VP can (VP help (S (NP markets )NP (VP retain (NP their *UNK )NP )VP )S )VP )VP . )S  STOP
(S (NP The Fed )NP (ADVP already )ADVP (VP buys and sells (NP foreign exchange )NP (S (VP to (VP prevent (NP (NP *UNKLY conditions )NP (PP in (NP foreign-exchange markets )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP The Fed )NP (VP has (VP assumed (NP (NP a similar responsibility )NP (PP in (NP (NP the market )NP (PP for (NP government securities )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP The stock market )NP (VP is (NP (NP the only major market )NP (PP without (NP (NP (NP a *UNK- )NP (PP of (NP *UNKED liquidity )NP )PP )NP or (NP (NP a buyer )NP (PP of (NP last resort )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (NP This )NP (VP does not (VP mean (SBAR that (S (NP the Federal Reserve )NP (VP does not (ADVP already )ADVP (VP play (NP an important *UNK role )NP (PP in (NP the stock market )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP 1987 )NP )PP , (NP it )NP (VP *UNKED (NP billions )NP (PP into (NP the markets )NP )PP (PP through (NP (NP open market operations )NP and (NP the discount window )NP )NP )PP )VP . )S  STOP
(S (NP It )NP (VP (VP *UNK (NP money )NP (PP to (NP banks )NP )PP )VP and (VP encouraged (S (NP them )NP (VP to (VP make (S (NP funds )NP (ADJP available (PP to (NP brokerage houses )NP )PP )ADJP )S )VP )VP )S )VP )VP . )S  STOP
(S (NP They )NP , (PP in (NP turn )NP )PP , (VP *UNK (NP money )NP (PP to (NP (NP their customers )NP -- (SBAR (WHNP who )WHNP (S (VP were (VP supposed (S (VP to (VP (VP recognize (NP (NP the opportunity )NP (SBAR (S (VP to (VP make (NP a profit )NP (PP in (NP the turmoil )NP )PP )VP )VP )S )SBAR )NP )VP and (VP buy (NP shares )NP )VP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The Fed )NP (ADVP also )ADVP (VP has (NP (NP the power )NP (SBAR (S (VP to (VP set (NP margin requirements )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(SBARQ But (SQ would n't (NP (NP it )NP )NP (VP be (ADJP more efficient and effective )ADJP (S (VP to (VP supply (NP such support )NP (PP to (NP the stock market )NP )PP (ADVP directly )ADVP )VP )VP )S )VP )SQ ? )SBARQ  STOP
(S (PP Instead of (S (VP (VP *UNKING (NP the entire economy )NP (PP with (NP liquidity )NP )PP )VP , and (VP (ADVP thereby )ADVP increasing (NP (NP the danger )NP (PP of (NP inflation )NP )PP )NP )VP )VP )S )PP , (NP the Fed )NP (VP could (VP support (NP the stock market )NP (ADVP directly )ADVP (PP by (S (VP buying (NP (NP market averages )NP (PP in (NP the futures market )NP )PP )NP )VP )S )PP , (S (ADVP thus )ADVP (VP *UNKING (NP (NP the market )NP (PP as (NP a whole )NP )PP )NP )VP )S )VP )VP . )S  STOP
(S (NP The stock market )NP (VP is (ADVP certainly )ADVP not (ADJP too big (SBAR for (S (NP the Fed )NP (VP to (VP handle )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP The foreign-exchange and government securities markets )NP (VP are (ADJP *UNKLY larger )ADJP )VP . )S  STOP
(S (NP (NP Daily trading volume )NP (PP in (NP the New York foreign exchange market )NP )PP )NP (VP is (NP (QP $ 130 billion )QP )NP )VP . )S  STOP
(S (NP (NP The daily volume )NP (PP for (NP Treasury Securities )NP )PP )NP (VP is (NP (QP about $ 110 billion )QP )NP )VP . )S  STOP
(S (NP (NP The combined value )NP (PP of (NP (NP daily equity trading )NP (PP on (NP (NP the New York Exchange )NP , (NP the American Stock Exchange )NP and (NP the *UNKC over-the-counter market )NP )NP )PP )NP )PP )NP (VP ranges (PP between (NP (NP (QP $ 7 billion )QP )NP and (NP (QP $ 10 billion )QP )NP )NP )PP )VP . )S  STOP
(S (NP (NP The (QP $ 13 billion )QP )NP (SBAR (S (NP the Fed )NP (VP *UNKED (PP into (NP the money markets )NP )PP (PP after (NP the 1987 crash )NP )PP )VP )S )SBAR )NP (VP is (NP (NP more )NP (PP than (ADJP enough (S (VP to (VP buy (NP (NP all the stocks )NP (VP traded (PP on (NP a typical day )NP )PP )VP )NP )VP )VP )S )ADJP )PP )NP )VP . )S  STOP
(S (NP (ADJP (ADVP More carefully )ADVP targeted )ADJP intervention )NP (VP might (ADVP actually )ADVP (VP reduce (NP (NP the need )NP (PP for (NP government action )NP )PP )NP )VP )VP . )S  STOP
(S And (S (VP taking (NP (ADJP more direct )ADJP action )NP )VP )S (VP has (NP (NP the advantage )NP (PP of (S (VP *UNKING (NP (NP (NP sharp increases )NP (PP in (NP the money supply )NP )PP )NP , (PP such as (S (VP happened (PP in (NP October 1987 )NP )PP )VP )S )PP )NP )VP )S )PP )NP )VP . )S  STOP
(S (NP (NP The Fed 's )NP stock market role )NP (VP ought (S not (VP to (VP be (ADJP very ambitious )ADJP )VP )VP )S )VP . )S  STOP
(S (NP It )NP (VP should (VP seek (S (ADVP only )ADVP (VP to (VP maintain (NP (NP the *UNKING )NP (PP of (NP markets )NP )PP )NP )VP )VP -- not (S (VP to (VP *UNK (PRT up )PRT (NP the Dow Jones or New York Stock Exchange averages )NP (PP at (NP a particular level )NP )PP )VP )VP )S )S )VP )VP . )S  STOP
(S (NP The Fed )NP (VP should (VP guard (PP (PP against (NP *UNK risk )NP )PP , but not (PP against (NP (NP the risks )NP (ADJP *UNK (PP in (NP individual stocks )NP )PP )ADJP )NP )PP )PP )VP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP would (VP be (ADJP *UNK )ADJP (SBAR for (S (NP (NP the government )NP or (NP the central bank )NP )NP (VP to (VP buy or sell (NP IBM or General Motors shares )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP Instead )ADVP , (NP the Fed )NP (VP could (VP buy (NP (NP the broad market *UNK )NP (PP in (NP the futures market )NP )PP )NP )VP )VP . )S  STOP
(S (NP The increased demand )NP (VP would (VP (VP *UNK (NP trading )NP )VP and (VP stabilize (NP prices )NP )VP )VP )VP . )S  STOP
(S (S (VP *UNKING (NP the derivative markets )NP )VP )S (VP would (VP tend (S (VP to (VP stabilize (NP the primary market )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP The Fed )NP (VP would (VP eliminate (NP (NP the cause )NP (PP of (NP the potential panic )NP )PP )NP (PP rather than (S (VP attempting (S (VP to (VP treat (NP (NP the *UNK )NP -- (NP (NP the liquidity )NP (PP of (NP the banks )NP )PP )NP )NP )VP )VP )S )VP )S )PP )VP )VP . )S  STOP
(S (NP *UNKLY market conditions )NP (VP could (VP be (VP observed (ADVP quite frequently )ADVP (PP in (NP foreign exchange markets )NP )PP (PP in (NP the 1960s and 1970s )NP )PP )VP )VP )VP . )S  STOP
(S But (SBAR since (S (NP (NP the member countries )NP (PP of (NP the International Monetary Fund )NP )PP )NP (VP agreed (PP to (NP (NP the `` *UNKC )NP (PP to (NP *UNKING )NP )PP '' )NP )PP (PP in (NP 1974 )NP )PP )VP )S )SBAR , (NP such difficulties )NP (VP have (VP been (VP avoided )VP )VP )VP . )S  STOP
(S (NP I )NP (VP can not (VP recall (NP (NP any *UNK )NP (PP in (NP currency markets )NP )PP )NP (SBAR since (S (NP the 1974 guidelines )NP (VP were (VP adopted )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP Thus )ADVP , (NP (NP the mere existence )NP (PP of (NP a *UNKING agency )NP )PP )NP (VP helps (S (VP to (VP avoid (NP panic )NP (PP in (NP *UNK )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The old saying )NP (VP advises : (S `` (SBAR If (S (NP it )NP (VP *UNK n't (VP broke )VP )VP )S )SBAR , (VP do n't (VP *UNK (NP it )NP )VP )VP )S )VP . '' )S  STOP
(S But (NP this )NP (VP could (VP be (NP (NP a case )NP (SBAR (WHADVP where )WHADVP (S (NP we all )NP (VP might (VP go (ADVP broke )ADVP (SBAR if (S (NP it )NP (VP is n't (VP fixed )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP Mr. Heller )NP , (PP (ADVP now )ADVP at (NP *UNKC International )NP )PP , )NP (VP was (NP (NP a governor )NP (PP of (NP the Federal Reserve Board )NP )PP )NP (PP (PP from (NP 1986 )NP )PP (PP until (NP earlier this year )NP )PP )PP )VP . )S  STOP
(S (NP This )NP (VP is (VP *UNKED (PP from (NP (NP a speech )NP (PP to (NP (NP the Commonwealth Club )NP (PP in (NP San Francisco )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NAC Bank (PP of (NP England )NP )PP )NAC *UNKC *UNKC *UNKC )NP (VP urged (S (NP banks )NP (VP to (VP be (ADJP cautious )ADJP (PP in (S (VP financing (NP leveraged buy-outs )NP )VP )S )PP )VP )VP )S )VP . )S  STOP
(SINV (S `` (NP *UNKC )NP (VP should ... (VP be (NP (NP the rule )NP (PP of (NP the day )NP )PP )NP )VP )VP , '' )S (VP said )VP (NP Mr. *UNKC )NP (PP in (NP (NP a speech )NP (PP to (NP (NP the Association )NP (PP of (NP (NP Corporate *UNKC ' )NP annual dinner )NP )PP )NP )PP )NP )PP . )SINV  STOP
(S `` (NP It )NP (VP would (VP be (VP damaging (PP (PP to (NP industry )NP )PP and (PP to (NP (NP (NP the financial sector )NP (PP in (ADJP general )ADJP )PP )NP (PRN , (S (VP to (VP say (NP (NP nothing )NP (PP of (NP banks )NP )PP )NP )VP )VP )S , )PRN )NP )PP )PP (SBAR if (S (NP *UNK )NP (VP does not (VP guide (NP (NP the financing )NP (PP of (NP leveraged transactions )NP )PP )NP )VP )VP )S )SBAR )VP )VP )VP . '' )S  STOP
(S (NP His remarks )NP (VP were (VP distributed (PP to (NP the press )NP )PP (SBAR before (S (NP (NAC Chancellor (PP of (NP the Exchequer )NP )PP )NAC Nigel Lawson )NP (VP announced (NP his resignation )NP (NP last evening )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NAC Bank (PP of (NP England )NP )PP )NAC officials )NP (VP said (SBAR (S (NP the central bank )NP (VP had (NP (NP no comment )NP (PP on (NP (NP Mr. Lawson 's )NP resignation )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP *UNKED (SBAR that (S (NP (NP the exposure )NP (PP of (NP United Kingdom banks )NP )PP (PP to (NP leveraged deals )NP )PP )NP (VP have n't (ADVP yet )ADVP (VP reached (NP `` *UNKING levels )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (S (ADVP However )ADVP , (PP in (NP (NP light )NP (PP of (NP (NP the risks )NP (VP involved (PP in (NP such transactions )NP )PP )VP )NP )PP )NP )PP , (NP banks )NP (VP should (VP satisfy (NP themselves )NP (SBAR that (S (NP they )NP (VP have (NP (NP (NP the skills )NP (SBAR (S (VP to (VP participate (PP in (NP this market )NP )PP )VP )VP )S )SBAR )NP and (NP (NP clear policy guidelines )NP (PP on (NP (NP acceptable levels )NP (PP of (NP (NP exposure )NP (PP to (NP such transactions )NP )PP )NP )PP )NP )PP )NP )NP )VP )S )SBAR )VP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (PP In (NP other comments )NP )PP , (NP he )NP (VP said (SBAR (S (NP takeovers )NP (VP may not (ADVP always )ADVP (VP be (NP (NP the most efficient way )NP (PP of (S (VP *UNKING (NP (NP a change )NP (PP of (NP corporate direction or strategy )NP )PP )NP )VP )S )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP A similar result )NP (VP could (ADVP sometimes )ADVP (VP be (VP achieved , (PP at (NP less cost )NP )PP , (PP by (S (VP changing (NP *UNK )NP )VP )S )PP )VP )VP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (S (NP (NP Intel Corp. 's )NP (ADJP most powerful )ADJP computer chip )NP (VP has (NP (NP *UNK )NP (SBAR (WHNP that )WHNP (S (VP could (VP delay (NP (NP several computer makers ' )NP marketing efforts )NP )VP )VP )S )SBAR )NP )VP )S , but (S (NP the `` bugs '' )NP (VP are n't (VP expected (S (VP to (VP hurt (NP (NP Intel )NP and (NP most computer makers )NP )NP )VP )VP )S )VP )VP )S . )S  STOP
(S (NP (NP Computer experts )NP (ADJP familiar (PP with (NP (NP the *UNK )NP , (VP found (PP in (NP (NP Intel 's )NP *UNKN chip )NP )PP )VP , )NP )PP )ADJP )NP (VP say (SBAR (S (NP the defects )NP (VP (VP do n't (VP affect (NP the average user )NP )VP )VP and (VP are (ADJP likely (S (VP to (VP be (VP cleared (PRT up )PRT (SBAR before (S (NP (NP most computers )NP (VP using (NP the chip )NP (PP as (NP their `` *UNK '' )NP )PP )VP )NP (VP appear (PP on (NP the market )NP )PP (ADVP sometime (NP next year )NP )ADVP )VP )S )SBAR )VP )VP )VP )S )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Intel )NP (VP said (SBAR that (S (NP last week )NP (NP a customer )NP (VP discovered (NP (NP two *UNK )NP (PP in (NP (NP (NP its *UNKN *UNK chip 's )NP `` *UNK- unit '' )NP , (NP (NP a set )NP (PP of (NP (NP *UNK )NP (SBAR (WHNP that )WHNP (S (VP do (NP certain calculations )NP )VP )S )SBAR )NP )PP )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (PP On (NP Friday )NP )PP , (NP Intel )NP (VP began (S (VP *UNKING (NP customers )NP (PP about (NP (NP the bugs )NP (SBAR (WHNP which )WHNP (S (VP cause (NP the chip )NP (S (VP to (VP give (NP (NP wrong answers )NP (PP for (NP some *UNK calculations )NP )PP )NP )VP )VP )S )VP )S )SBAR )NP )PP )VP )S )VP . )S  STOP
(S But (SBAR while (S (NP (NP International Business Machines Corp. )NP and (NP Compaq Computer Corp. )NP )NP (VP say (SBAR (S (NP the bugs )NP (VP will (VP delay (NP products )NP )VP )VP )S )SBAR )VP )S )SBAR , (NP most big computer makers )NP (VP said (SBAR (S (NP the *UNK )NP (VP do n't (VP affect (NP them )NP )VP )VP )S )SBAR )VP . )S  STOP
(SINV (S `` (NP (NP *UNKC )NP (PP like (NP this )NP )PP )NP (VP are (NP (ADVP just )ADVP (NP a normal part )NP (PP of (NP product development )NP )PP )NP )VP , '' )S (VP said )VP (NP (NP Richard *UNKC )NP , (NP (NP director )NP (PP of (NP (NP Hewlett-Packard Co. 's )NP advanced systems development )NP )PP )NP )NP . )SINV  STOP
(S (NP *UNKC )NP (VP announced (NP last week )NP (SBAR that (S (NP it )NP (VP planned (S (VP to (VP ship (NP (NP a computer )NP (VP based (PP on (NP the *UNKN chip )NP )PP )VP )NP (NP early next year )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S `` (NP These bugs )NP (VP do n't (VP affect (NP our schedule )NP (ADVP at all )ADVP )VP )VP , '' )S (NP he )NP (VP said )VP . )S  STOP
(S (ADVP *UNKC )ADVP , (NP (NP *UNKC Research Inc. )NP and (NP Sun Microsystems Inc. )NP )NP (VP said (SBAR (S (NP the bugs )NP (VP wo n't (VP delay (NP (NP their development )NP (PP of (NP *UNKED machines )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(SINV (S `` (NP We )NP (VP have n't (VP *UNKED (NP our schedules )NP (PP in (NP any way )NP )PP )VP )VP , '' )S (VP said )VP (NP a Sun spokesman )NP . )SINV  STOP
(S (S (S (VP To (VP switch (PP to (NP (NP another *UNK 's )NP chips )NP )PP )VP )VP )S , `` (VP would (ADVP definitely )ADVP not (VP be (NP an option )NP )VP )VP , '' )S (NP he )NP (VP said )VP . )S  STOP
(S (ADVP Nonetheless )ADVP , (NP (NP concern )NP (PP about (NP the chip )NP )PP )NP (VP may (VP have (VP been (ADJP (ADJP responsible (PP for (NP (NP a decline )NP (PP of (NP 87.5 cents )NP )PP (PP in (NP (NP Intel 's )NP stock )NP )PP (PP to (NP (NP $ 32 )NP (NP a share )NP )NP )PP (NP yesterday )NP (PP in (NP over-the-counter trading )NP )PP , (PP on (NP (NP volume )NP (PP of (NP *UNKN shares )NP )PP )NP )PP )NP )PP )ADJP , and (ADJP partly responsible (PP for (NP (NP a drop )NP (PP in (NP (NP Compaq 's )NP stock )NP )PP (PP in (NP New York Stock Exchange composite trading )NP )PP (PP on (NP Wednesday )NP )PP )NP )PP )ADJP )ADJP )VP )VP )VP . )S  STOP
(S (NP Yesterday )NP , (NP Compaq )NP (VP plunged (ADVP further )ADVP , (S (VP closing (PP at (NP (NP $ 100 )NP (NP a share )NP )NP )PP , (ADVP off (NP (NP $ *UNKN )NP (NP a share )NP )NP )ADVP , (PP on (NP (NP volume )NP (PP of (NP *UNKN shares )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP Most )NP (PP of (NP (NP Compaq 's )NP decline )NP )PP )NP (VP is (VP being (VP attributed (PP to (NP (NP a third-quarter earnings report )NP (SBAR (WHNP that )WHNP (S (VP came (PRT in )PRT (PP at (NP (NP the low end )NP (PP of (NP (NP analysts ' )NP expectations )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S (NP Intel )NP (VP said (SBAR (S (NP it )NP (VP (VP had (VP *UNKED (NP the problems )NP )VP )VP and (VP would (VP start (S (VP producing (NP *UNK chips )NP (NP next week )NP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(SINV (S `` (NP We )NP (VP should not (VP be (VP seeing (NP any more )NP )VP )VP )VP , '' )S (VP said )VP (NP (NP Bill *UNKC )NP , (NP (NP (NP Intel 's )NP director )NP (PP for (NP the *UNKN chip )NP )PP )NP )NP . )SINV  STOP
(S (S (S (SBAR (WHNP What )WHNP (S (VP 's (ADJP more )ADJP )VP )S )SBAR , (NP the bugs )NP (VP (ADVP only )ADVP emerge (PP on (NP (NP *UNK applications )NP (PP such as (NP (NP *UNKED design )NP and (NP scientific calculations )NP )NP )PP )NP )PP )VP , )S (NP he )NP (VP said )VP )S , and (FRAG (ADVP then )ADVP (ADVP very *UNK )ADVP )FRAG . )S  STOP
(S (S `` (NP These *UNK )NP (VP do not (VP affect (NP business programs )NP )VP )VP , '' )S (NP he )NP (VP said )VP . )S  STOP
(SINV (S (NP The bugs )NP (VP will (VP cause (NP problems )NP (PP in (NP (NP `` specific and rare circumstances )NP (SBAR (WHNP that )WHNP (S (VP will not (VP occur (PP in (NP (NP typical applications )NP '' (PP such as (NP *UNKING and *UNK )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP , )S (VP said )VP (NP (NP Michael *UNKC )NP , (NP (NP editor )NP (PP of (NP (NP the *UNKC Report )NP , (NP an industry newsletter )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP Sun , Hewlett-Packard and others )NP (VP say (SBAR (S (NP Intel )NP (VP is n't (ADVP *UNKLY )ADVP (S (VP to (VP blame (PP for (NP the *UNK )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The real *UNK )NP (PRN , (S (NP they )NP (VP said )VP )S , )PRN (VP are (NP (NP computer makers )NP (PP such as (NP IBM )NP )PP (SBAR (WHNP that )WHNP (S (VP have (VP jumped (NP the *UNK )NP (S (VP to (VP *UNK (NP *UNKED products )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(SINV (S `` (NP (NP The reason )NP (SBAR (S (NP this )NP (VP is (VP getting (NP (ADJP so much )ADJP *UNK )NP )VP )VP )S )SBAR )NP (VP is (SBAR that (S (NP some )NP (VP (VP started (NP shipping )NP )VP and (VP announced (NP early availability )NP )VP )VP )S )SBAR )VP , '' )S (VP said )VP (NP (NP Hewlett-Packard 's )NP Mr. *UNKC )NP . )SINV  STOP
(S `` (S (NP You )NP (VP can (VP do (NP that )NP )VP )VP )S but (S (NP you )NP (VP 're (VP taking (NP a risk )NP )VP )VP )S . )S  STOP
(S (NP Those companies )NP (VP are (VP paying (NP (NP the price )NP (PP for (S (VP taking (NP the risk )NP )VP )S )PP )NP )VP )VP . '' )S  STOP
(S (PP In (NP late September )NP )PP , (NP IBM )NP (VP began (S (VP shipping (NP (NP a *UNK- card )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP its *UNKC model *UNKN )NP (PP from (NP a *UNKN machine )NP )PP (PP to (NP an *UNKN machine )NP )PP )VP )S )SBAR )NP )VP )S )VP . )S  STOP
(S (NP An IBM spokeswoman )NP (VP said (SBAR (S (NP the company )NP (VP (VP told (NP customers )NP (NP Monday )NP (PP about (NP the bugs )NP )PP )VP and (VP (ADVP temporarily )ADVP stopped (S (VP shipping (NP the product )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP IBM )NP (VP (VP has (NP no plans (S (VP to (VP recall (NP its *UNK- cards )NP )VP )VP )S )NP )VP (PRN , (S (NP the spokeswoman )NP (VP said )VP )S , )PRN and (VP could (ADVP probably )ADVP (VP *UNK (NP the bugs )NP (PP without (NP long product delays )NP )PP )VP )VP )VP . )S  STOP
(S (S `` (NP We )NP (VP do n't (VP look (PP at (NP this )NP )PP (PP as (NP (NP a major problem )NP (PP for (NP us )NP )PP )NP )PP )VP )VP , '' )S (NP she )NP (VP said )VP . )S  STOP
(S (NP (NP Compaq )NP , (SBAR (WHNP which )WHNP (S (VP said (SBAR (S (NP it )NP (VP discovered (NP the bugs )NP )VP )S )SBAR )VP )S )SBAR , )NP (ADVP still )ADVP (VP plans (S (VP to (VP announce (NP new *UNKN products )NP (PP on (NP Nov. 6 )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP Because of (NP the *UNK )NP )PP , (ADVP however )ADVP , (NP the company )NP (VP said (SBAR (S (NP it )NP (VP does n't (VP know (SBAR (WHADVP when )WHADVP (S (NP its machine )NP (VP will (VP be (ADJP *UNKLY available )ADJP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP 's (NP (NP a break )NP (PP from (NP Compaq tradition )NP )PP )NP , (SBAR because (S (NP the company )NP (VP does n't (VP announce (NP products )NP (SBAR until (S (NP they )NP (VP 're (ADVP actually )ADVP (PP at (NP the dealers )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The problem )NP (VP is (VP being (VP *UNKED (PRN , (S (NP experts )NP (VP say )VP )S , )PRN (SBAR because (S (NP the 486 )NP (VP is (NP (NP Intel 's )NP future flagship )NP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (S (NP (NP Intel 's )NP *UNK )NP (VP are (NP (NP the chips )NP (PP of (NP choice )NP )PP )NP (PP in (NP (NP many )NP (PP of (NP (NP today 's )NP personal computers )NP )PP )NP )PP )VP )S and (S (NP the *UNKN *UNK )NP (VP is (NP (NP the *UNK )NP (PP of (NP (NP the company 's )NP bid (S (VP to (VP guard (NP that spot )NP (PP in (NP (NP the next generation )NP (PP of (NP machines )NP )PP )NP )PP )VP )VP )S )NP )PP )NP )VP )S . )S  STOP
(SINV (S `` (SBAR Although (S (NP (NP these sorts )NP (PP of (NP bugs )NP )PP )NP (VP are not (ADJP (ADVP at all )ADVP *UNK )ADJP )VP )S )SBAR , (NP the 486 )NP (VP is (NP an (ADJP extremely *UNK- )ADJP product )NP )VP , '' )S (VP said )VP (NP (NP Mr. *UNKC )NP , (NP the newsletter editor )NP )NP . )SINV  STOP
(S (NP (NP Intel 's )NP *UNKN chip )NP (VP is (NP (NP (NP the *UNKC )NP (PP of (NP (NP Intel 's )NP *UNK )NP )PP )NP , (NP (NP a (ADJP *UNK- , *UNK- )ADJP chip )NP (SBAR (WHNP that )WHNP (S (NP only the (ADJP most *UNK- )ADJP computer users )NP (VP are (ADJP likely (S (VP to (VP buy (PP for (NP (ADVP at least )ADVP several years )NP )PP )VP )VP )S )ADJP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (S (VP *UNKED (NP last April )NP )VP )S , (NP the chip )NP (VP *UNK (NP (NP (QP 1.2 million )QP *UNK )NP )NP (PP on (NP (NP a *UNK )NP (PP of (NP *UNK )NP )PP )NP )PP , (NP (NP (QP more than four )QP times )NP (ADJP as many (PP as (PP on (NP (NP (NP Intel 's )NP earlier model )NP , (NP *UNKN )NP )NP )PP )PP )ADJP )NP )VP . )S  STOP
(S (NP Intel )NP (VP *UNK (NP (NP the chip 's )NP speed )NP (PP at (NP (NP (NP (QP 15 million )QP instructions )NP (PP per (NP second )NP )PP )NP , or (NP *UNKC )NP )NP )PP )VP . )S  STOP
(S (NP That )NP (VP 's (NP (NP four times )NP (ADJP (ADJP as fast )ADJP (PP as (NP the *UNKN )NP )PP )ADJP )NP )VP . )S  STOP
(S (NP (NP Machines )NP (VP using (NP the 486 )NP )VP )NP (VP are (VP expected (S (VP to (VP challenge (NP *UNKED work stations and minicomputers )NP (PP (PP in (NP (NP applications )NP (PP such as (NP (NP so-called *UNK )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP (NP groups )NP (PP of (NP computers )NP )PP )NP (ADVP together )ADVP )VP )S )SBAR , )NP )PP )NP )PP and (PP in (NP *UNKED design )NP )PP )PP )VP )VP )S )VP )VP . )S  STOP
(S But (SBAR while (S (NP (NP (NP the chip 's )NP speed )NP (PP in (NP processing power )NP )PP )NP (VP is (ADJP *UNKING )ADJP )VP )S )SBAR , (NP (NP it 's )NP real strength )NP (VP lies (PP in (NP its software *UNK )NP )PP )VP . )S  STOP
(S (NP The 486 )NP (VP is (NP (NP the *UNK )NP (PP of (NP (NP a long series )NP (PP of (NP Intel chips )NP )PP (SBAR (WHNP that )WHNP (S (VP began (S (VP *UNKING (NP the market )NP )VP )S (SBAR ever since (S (NP IBM )NP (VP picked (NP the *UNK- *UNKN chip )NP (PP for (NP its first personal computer )NP )PP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S -LRB- (NP A *UNK- microprocessor )NP (VP (VP processes (NP (NP 16 pieces )NP (PP of (NP data )NP )PP (PP at (NP a time )NP )PP )NP )VP and (VP is (ADJP (ADJP slower )ADJP (PP than (NP *UNK , *UNK- chips )NP )PP )ADJP )VP )VP . -RRB- )S  STOP
(S (PP Since (NP then )NP )PP , (NP Intel )NP (VP has (VP *UNKED (NP (NP a large part )NP (PP of (NP the market )NP )PP )NP (PP with (NP (NP *UNK generations )NP (PP of (NP (NP *UNK- and *UNK- chips )NP , (SBAR (WHNP all (WHPP of (WHNP which )WHNP )WHPP )WHNP (S (VP can (VP run (NP (NP software )NP (VP written (PP for (NP previous models )NP )PP )VP )NP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP That )NP (VP 's (SBAR (WHNP what )WHNP (S (VP will (VP keep (S (NP computer makers )NP (VP coming )VP )S (PP in (NP (NP *UNK )NP (PP of (NP (NP the *UNK )NP (PP of (NP bugs )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Big personal computer makers )NP and (NP (NP many makers )NP (PP of (NP engineering workstations )NP )PP )NP )NP (VP are (VP developing (NP (NP *UNKED machines )NP , (SBAR (WHNP which )WHNP (S (VP are (VP expected (S (VP to (VP reach (NP the market )NP (NP early next year )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (S (PP Of (NP the big computer makers )NP )PP )S , (NP only Apple Computer Co. )NP (VP bases (NP its machines )NP (PP on (NP Motorola chips )NP )PP (ADVP instead )ADVP )VP . )S  STOP
(SINV (S `` (NP The 486 )NP (VP is (VP going (S (VP to (VP have (NP a big impact )NP (PP on (NP the industry )NP )PP )VP )VP )S )VP )VP , '' )S (VP said )VP (NP (NP Hewlett-Packard 's )NP Mr. *UNKC )NP . )SINV  STOP
(S `` (NP It )NP (VP 's (VP going (S (VP to (VP be (NP (NP the leading edge technology )NP (PP in (NP personal computers )NP )PP )NP (PP for (NP the next few years )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP This *UNK )NP (VP is not (VP going (S (VP to (VP have (NP (NP any affect )NP (PP on (NP that )NP )PP )NP (ADVP at all )ADVP )VP )VP )S )VP )VP . '' )S  STOP
(S (NP (NP *UNKC *UNKC )NP (PP in (NP Dallas )NP )PP )NP (VP contributed (PP to (NP this article )NP )PP )VP . )S  STOP
(S (NP Bethlehem Steel Corp. )NP (VP has (VP agreed (PP in (NP principle )NP )PP (S (VP to (VP form (NP a joint venture )NP (PP with (NP (NP (NP the world 's )NP second-largest steelmaker )NP , (NP (NP *UNKC )NP (PP of (NP France )NP )PP )NP , )NP )PP (S (VP to (VP *UNK (NP (NP a portion )NP (PP of (NP (NP Bethlehem 's )NP *UNKING *UNKC division )NP )PP )NP )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The venture )NP , (SBAR (WHNP which )WHNP (S (VP involves (S (VP adding (NP (NP sophisticated equipment )NP (SBAR (S (VP to (VP make (NP *UNK- mill *UNK )NP )VP )VP )S )SBAR )NP )VP )S )VP )S )SBAR , )NP (VP is (NP (NP part )NP (PP of (NP (NP a *UNKED effort )NP (SBAR (S (VP to (VP shore (PRT up )PRT (NP (NP a division )NP (SBAR (WHNP that )WHNP (S (VP has (VP posted (NP continuing operating losses )NP (PP for (NP several years )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP The other element )NP (VP includes (S (VP *UNKING (NP (NP *UNKC 's )NP *UNK- operations )NP )VP )S )VP . )S  STOP
(S (NP The entire division )NP (VP employs (NP (QP about *UNKN )QP workers )NP )VP . )S  STOP
(S (SBAR While (S (NP the joint venture )NP (VP *UNK (NP (NP only a small part )NP (PP of (NP (NP Bethlehem 's )NP operations )NP )PP )NP )VP )S )SBAR , (NP it )NP (VP is (ADJP significant )ADJP (SBAR because (S (NP it )NP (VP marks (NP (NP the first time )NP (SBAR (S (NP (NP the nation 's )NP No. 2 steelmaker )NP (VP has (VP joined (NP forces )NP (PP with (NP a foreign partner )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Wall Street analysts )NP (VP have (VP criticized (NP Bethlehem )NP (PP for (S (VP not following (NP its major competitors )NP (PP in (S (VP linking (PP with (NP a foreign company )NP )PP (S (VP to (VP (VP share (NP costs )NP )VP and (VP provide (NP (NP technology )NP (SBAR (S (VP to (VP (VP *UNK (NP old facilities )NP )VP or (VP build (NP new ones )NP )VP )VP )VP )S )SBAR )NP )VP )VP )VP )S )VP )S )PP )VP )S )PP )VP )VP . )S  STOP
(SINV (S `` (NP We )NP (VP think (SBAR (S (NP it )NP (VP 's (NP (NP a step )NP (PP in (NP the right direction )NP )PP (PP for (NP Bethlehem )NP )PP )NP )VP )S )SBAR )VP , '' )S (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP *UNKC Group 's )NP international steel analyst )NP )NP . )SINV  STOP
(S `` (S (NP (NP It )NP )NP (VP 's (ADJP important )ADJP (S (VP to (VP share (NP the risk )NP )VP )VP )S )VP )S (FRAG and (ADVP even more so (SBAR (WHADVP when )WHADVP (S (NP the market )NP (VP has (ADVP already )ADVP (VP *UNKED )VP )VP )S )SBAR )ADVP )FRAG . '' )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP the move )NP (VP could (VP be (NP (NP the beginning )NP (PP of (NP (NP (NP a broader relationship )NP (PP between (NP the two companies )NP )PP )NP , (NP (NP one )NP (SBAR (WHNP that )WHNP (S (VP could (VP open (PRT up )PRT (NP new markets )NP (PP for (NP Bethlehem )NP )PP )VP )VP )S )SBAR )NP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Bethlehem )NP (VP had (NP little choice (ADVP but )ADVP (S (VP to (VP go (PP with (NP a European steelmaker )NP )PP )VP )VP )S )NP , (SBAR because (S (NP its competitors )NP (ADVP already )ADVP (VP have (VP *UNKED (NP the Japanese and South Korean industry leaders )NP )VP )VP )S )SBAR )VP )S , (NP analysts )NP (VP noted )VP . )S  STOP
(S (PP Under (NP (NP terms )NP (PP of (NP the agreement )NP )PP )NP )PP , (NP (NP (NP *UNKC 's )NP *UNKC unit )NP and (NP Bethlehem )NP )NP (VP would (VP establish (NP (NP a *UNKED facility )NP (SBAR (S (VP to (VP make (NP *UNK- mill *UNK )NP )VP )VP )S )SBAR )NP (PP at (NP (NP (NP the company 's )NP *UNK- shop )NP (ADVP here )ADVP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Terms )NP (PP for (NP (NP the venture )NP , (SBAR (WHNP which )WHNP (S (VP would (VP be (VP (ADVP jointly )ADVP owned (PP by (NP both companies )NP )PP )VP )VP )VP )S )SBAR , )NP )PP )NP (VP were n't (VP disclosed )VP )VP . )S  STOP
(S (NP The *UNKC unit )NP (VP has (VP agreed (S (VP to (VP provide (NP technology and expertise )NP (S (VP to (VP install (NP a so-called spin *UNK )NP (PP by (NP early next fall )NP )PP )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (NP The *UNK )NP (VP *UNK (NP (NP the *UNK quality )NP (PP of (NP (NP the iron mill *UNK )NP , (SBAR (WHNP which )WHNP (S (VP are (ADVP basically )ADVP (NP (NP huge rolling *UNK )NP (VP used (S (VP to (VP *UNK or shape (NP steel products )NP )VP )VP )S )VP )NP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP Bethlehem )NP (VP is (ADVP also )ADVP (VP working (PP with (NP the United *UNKC union )NP )PP (S (VP to (VP *UNK (NP (NP (NP *UNKC 's )NP two machine shops )NP and (NP (NP four *UNK- facilities )NP (PP of (NP the *UNK- operations )NP )PP )NP )NP )VP )VP )S )VP )VP . )S  STOP
(S (SBAR Once (S (NP the consolidation )NP (VP is (ADJP complete )ADJP )VP )S )SBAR , (NP Bethlehem )NP (VP plans (S (VP to (VP concentrate (NP its *UNK business )NP (PP on (NP (NP nuclear *UNK )NP , (NP *UNKED steel )NP and (NP (NP *UNK- steel *UNK )NP (PP for (NP rolling mills )NP )PP )NP and (NP selected *UNK- applications )NP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Bethlehem )NP (VP said (ADVP earlier (NP this year )NP )ADVP (SBAR that (S (NP it )NP (VP planned (S (VP to (VP restructure (NP the *UNKC division )NP (S (VP to (VP improve (NP its cost structure )NP )VP )VP )S )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP the second quarter )NP )PP , (NP Bethlehem )NP (VP posted (NP (NP a (ADJP (QP $ 50 million )QP )ADJP charge )NP (ADJP related (PP to (NP its plans (S (VP to (VP *UNK (NP the division )NP )VP )VP )S )NP )PP )ADJP )NP )VP . )S  STOP
(S (SBAR If (S (NP you )NP (VP 're (ADVP still )ADVP (VP wondering (PP about (NP (NP the causes )NP (PP of (NP (NP the slump )NP (PP in (NP the junk-bond market )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR , (VP consider (NP (NP the case )NP (PP of (NP Columbia Savings & Loan )NP )PP )NP )VP . )S  STOP
(S (NP The California thrift )NP (VP has (ADVP just )ADVP (VP announced (NP a (ADJP (QP $ *UNKN million )QP )ADJP third-quarter loss )NP )VP )VP . )S  STOP
(SBARQ (WHADVP How )WHADVP (SQ did (NP this )NP (VP happen )VP )SQ ? )SBARQ  STOP
(S (ADVP Well )ADVP , (SBAR (WHADVP when )WHADVP (S (NP Congress )NP (PP in (NP its recent S&L bailout )NP )PP (VP *UNKED (SBAR that (S (NP the thrifts )NP (VP sell (PRT off )PRT (NP all their junk-bond holdings )NP (PP by (NP 1994 )NP )PP )VP )S )SBAR )VP )S )SBAR , (NP it )NP (VP not (ADVP only )ADVP (VP (ADVP *UNKLY )ADVP increased (NP (NP the supply )NP (PP of (NP these bonds )NP )PP (PP in (NP the market )NP )PP )NP )VP but (VP (ADVP also )ADVP eliminated (NP (NP one )NP (PP of (NP (NP the few profitable investments )NP (SBAR (S (NP thrifts )NP (VP have (VP made )VP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S But (NP there )NP (VP is (NP (NP a (ADJP *UNKLY *UNK )ADJP *UNK )NP (PP to (NP the Columbia loss )NP )PP )NP )VP . )S  STOP
(S (SBAR As (S (NP (NP *UNK )NP (PP of (NP (NP the debate )NP (PP over (NP a capital-gains tax cut )NP )PP )NP )PP )NP (VP know )VP )S )SBAR , (NP there )NP (VP is (NP (NP much talk )NP (PP (PP in (NP Congress )NP )PP and (ADVP indeed )ADVP (PP (ADVP all )ADVP over (NP Washington )NP )PP )PP (PP about (NP the need (S (VP to (VP (VP `` encourage '' (NP long-term investment )NP )VP and (VP *UNK (NP (NP (NP the financial sector 's )NP *UNKED *UNK )NP (PP with (NP the short term )NP )PP )NP )VP )VP )VP )S )NP )PP )NP )VP . )S  STOP
(S (ADVP Now )ADVP , (S (NP we )NP (VP regard (NP this )NP (PP as (NP a largely *UNK issue )NP )PP )VP )S , but (S (NP the `` long term '' )NP (VP is (ADVP nonetheless )ADVP (NP a big *UNK topic )NP (PP (ADVP all )ADVP around (NP the *UNKC )NP )PP )VP )S . )S  STOP
(S (NP It )NP (VP turns (PRT out )PRT (SBAR that (S (NP Columbia )NP (VP had (NP this huge loss )NP (SBAR (PP in (NP large part )NP )PP because (S (NP the new (ADJP *UNKLY *UNKED )ADJP rules )NP (VP forced (S (NP it )NP (VP to (VP adjust (NP (NP the book value )NP (PP of (NP its *UNK- junk bonds )NP )PP )NP (PP to (NP (NP the lower )NP (PP of (NP either their cost or market value )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP could (ADVP no longer )ADVP (VP be (VP *UNKED (PP as (NP (SBAR (WHNP what )WHNP (S (NP Columbia )NP (VP regarded (NP them )NP )VP )S )SBAR , (NP *UNKLY long-term investments )NP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP (NP Congress 's )NP *UNKED treatment )NP (PP of (NP (NP the existing structure )NP (PP of (NP junk-bond holdings )NP )PP )NP )PP )NP (VP *UNK (NP us )NP (PP of (NP (NP a story )NP (PP in (NP the Journal )NP )PP (ADVP earlier (NP this year )NP )ADVP (PP about (NP (NP the *UNKC Bell companies ' )NP desire (S (VP to (VP have (S (NP (NP the *UNKED *UNK )NP )NP (VP lifted (PP on (S (VP offering (NP information services )NP )VP )S )PP )VP )S )VP )VP )S )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The issue )NP (PP of (S (VP seeking (NP relief )NP (PP from (NP Congress )NP )PP )VP )S )PP )NP (VP was (VP raised (PP to (NP (NP *UNKC *UNKC )NP , (NP (NP the chairman )NP (PP of (NP Nynex )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP *UNKED : (S `` (NP *UNKC )NP (VP tends (S (VP to (VP be (VP *UNKED )VP )VP )VP )S )VP )S )VP . )S  STOP
(S (NP I )NP (VP believe (SBAR (S (NP we )NP (VP have (S (VP to (VP take (NP a shot )NP (PP at (S (VP getting (S (NP (NP as much )NP )NP (VP done (SBAR as (S (NP we )NP (VP can )VP )S )SBAR (PP (PP through (NP the court )NP )PP , (PP through (NP Justice )NP )PP and (PP through (NP state and federal regulatory agencies )NP )PP )PP )VP )S )VP )S )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP I )NP (VP see (NP Congress )NP (PP as (NP a last resort )NP )PP )VP . '' )S  STOP
(S (NP (NP (NP *UNKC thrifts )NP (PP such as (NP Columbia )NP )PP )NP or (NP (NP the junk-bond market )NP (NP itself )NP )NP )NP (VP should (VP have (VP been (ADJP so lucky )ADJP )VP )VP )VP . )S  STOP
(S (NP (NP The reality )NP (PP of (NP (NP life )NP (PP in (NP modern America )NP )PP )NP )PP )NP (VP is (SBAR that (S (SBAR if (S (NP you )NP (VP want (S (VP to (VP *UNK (NP (NP something )NP (SBAR (WHNP that )WHNP (S (VP works )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR , (VP let (NP it )NP (VP fall (PP into (NP (NP the hands )NP (PP of (NP Congress )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Exxon Corp. )NP (VP said (SBAR (S (NP it )NP (VP will (VP move (NP its headquarters )NP (PP from (NP Manhattan )NP )PP (PP to (NP Dallas )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Most )NP (PP of (NP (NP the 300 employees )NP (PP at (NP (NP the oil company 's )NP *UNK headquarters building )NP )PP )NP )PP -- (PP including (NP (NP much )NP (PP of (NP senior management )NP )PP )NP )PP -- )NP (VP were (ADJP *UNK (PP of (NP the plan )NP )PP )ADJP (SBAR until (S (VP informed (PP at (NP a morning meeting )NP )PP (PP by (NP Chairman Lawrence G. *UNKC )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The shift )NP (VP wo n't (VP affect (NP operations )NP )VP )VP . )S  STOP
(S (PP As (NP (NP part )NP (PP of (NP (NP its restructuring )NP (ADVP (NP several years )NP ago )ADVP )NP )PP )NP )PP , (NP Exxon )NP (VP (VP moved (NP (NP most )NP (PP of (NP those )NP )PP )NP (PP out (PP of (NP the city )NP )PP )PP )VP and (VP sold (NP its *UNK- Rockefeller Center *UNK )NP (PP to (NP a Japanese company )NP )PP )VP )VP . )S  STOP
(S But (NP the *UNK )NP (VP is (NP (NP an embarrassment )NP (PP to (NP New York City officials )NP )PP )NP , (S (VP coming (PP at (NP (NP a time )NP (PP of (NP (NP high office building *UNK rates )NP and (NP (NP *UNK )NP (PP by (NP other major companies )NP )PP )NP )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (S (NP Mobil Corp. )NP (VP is (PP in (NP (NP the process )NP (PP of (S (VP *UNKING (NP (NP its headquarters )NP (ADVP here )ADVP )NP )VP )S )PP )NP )PP )VP )S , and (S (NP (NP huge operations )NP (PP like (NP (NP J.C. Penney & Co. )NP and (NP Trans World Airlines )NP )NP )PP )NP (VP have (ADVP recently )ADVP (VP left )VP )VP )S . )S  STOP
(S (NP (NP New York authorities )NP , (VP informed (NP yesterday )NP (PP about (NP the move )NP )PP )VP , )NP (VP reacted (PP with (NP (NP concern )NP and (NP even some anger )NP )NP )PP (PP to (NP (NP the idea )NP (PP of (S (NP (NP the nation 's )NP *UNK- corporation )NP (VP leaving (PP without (S (VP giving (NP them )NP (NP an opportunity (S (VP to (VP accommodate (NP it )NP )VP )VP )S )NP )VP )S )PP )VP )S )PP )NP )PP )VP . )S  STOP
(SINV (S `` (S (NP We )NP (VP are (ADJP *UNKED )ADJP )VP )S , but (S (NP there )NP (VP 's (NP (NP nothing )NP (SBAR (S (NP we )NP (VP can (VP do (PP about (NP it )NP )PP (ADVP now )ADVP )VP )VP )S )SBAR )NP )VP )S , '' )S (VP said )VP (NP (NP Stanley *UNKC )NP , (NP (NP New York City deputy mayor )NP (PP for (NP (NP finance )NP and (NP economic development )NP )NP )PP )NP )NP . )SINV  STOP
(S (ADVP Meanwhile )ADVP , (NP Dallas )NP (VP *UNKED (NP the move )NP )VP . )S  STOP
(S (S (NP (NP City officials )NP (ADVP there )ADVP )NP (X (VP had (VP been )VP )VP )X (VP were (ADJP aware (SBAR that (S (NP a large company )NP (VP was (VP moving (PRT in )PRT )VP )VP )S )SBAR )ADJP )VP )S , but (S (NP negotiations )NP (VP had all (VP been (VP conducted (PP (PP through (NP a law firm )NP )PP and (PP under (NP (NP the code name )NP (NP `` *UNKC )NP )NP )PP )PP )VP )VP )VP )S . '' )S  STOP
(SINV (S `` (S (SBAR (WHADVP When )WHADVP (S (NP we )NP (VP were (VP told (SBAR (S (NP it )NP (VP was (NP Exxon )NP )VP )S )SBAR )VP )VP )S )SBAR , (NP it )NP (VP was (PP beyond (NP all expectations )NP )PP )VP )S ; (FRAG (WHNP what (NP a coup )NP )WHNP )FRAG , '' )S (VP said )VP (NP (NP Tom Lewis )NP , (NP (NP senior vice president )NP (PP of (NP (NP Dallas Partnership )NP , (NP (NP the economic development affiliate )NP (PP of (NP (NP (NP the city 's )NP Chamber )NP (PP of (NP Commerce )NP )PP )NP )PP )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP Dallas )NP )NP , (S (NP its economy )NP (VP based (PP on (NP (NP oil )NP and (NP real estate )NP )NP )PP )VP )S , (VP has (VP been (PP in (NP a slump )NP )PP )VP )VP . )S  STOP
(S (NP Exxon )NP (VP said (SBAR (S (NP it )NP (VP will (VP build (NP a new headquarters )NP (PP on (NP (NP a *UNK- *UNK )NP (PP in (NP (NP the *UNK- Las *UNKC complex )NP (PP in (NP (NP the *UNK )NP (PP of (NP Irving )NP )PP )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Until (S (NP the building )NP (VP is (VP completed )VP )VP )S )SBAR , (NP Exxon )NP (VP will (VP rent (NP (NP part )NP (PP of (NP an existing office tower )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Las *UNKC )NP , (NP (ADVP once )ADVP a huge Texas *UNK )NP , )NP (VP is (NP (NP a *UNKING complex )NP (PP of (NP (NP office buildings )NP , (NP homes )NP and (NP *UNK facilities )NP )NP )PP (SBAR (WHNP that )WHNP (S (NP its developers )NP (VP have (VP been (VP struggling (S (VP to (VP *UNK )VP )VP )S (PP in (NP recent years )NP )PP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Exxon officials )NP (VP said (SBAR (S (NP (NP it )NP )NP (VP will (VP cost (ADJP (ADJP less )ADJP )ADJP (S (VP to (VP run (NP its headquarters )NP (PP at (NP Las *UNKC )NP )PP )VP )VP )S (PP than (PP in (NP New York )NP )PP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The company )NP (VP wo n't (VP say (SBAR (WHNP how much )WHNP (S (NP it )NP (VP will (VP save )VP )VP )S )SBAR )VP )VP )S , but (S (X during )X (PP at (NP its interim location )NP )PP , (NP sources )NP (VP say (SBAR (S (NP it )NP (VP will (ADVP likely )ADVP (VP pay (NP (NP rent )NP (PP of (NP (NP (QP $ 10 to $ 15 )QP )NP (PP per (NP square foot )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP (NP the building )NP (PP in (NP New York )NP )PP )NP )PP )NP (VP say (SBAR (S (NP they )NP (VP will (VP be (VP asking (NP (NP $ 50 )NP (PP per (NP square foot )NP )PP )NP (PP for (NP rent )NP )PP (S (VP to (VP fill (NP (NP the space )NP (SBAR (WHNP that )WHNP (S (NP Exxon )NP (VP is (VP *UNKING )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (PP In (NP Texas )NP )PP , (NP (NP taxes )NP and (NP development costs )NP )NP (VP are (ADVP also )ADVP (ADJP lower )ADJP )VP )S , (NP they )NP (VP said )VP . )S  STOP
(S *UNKC (PRN , (S (NP one Exxon official )NP (VP said )VP )S , )PRN (PP by (S (VP eliminating (NP (NP the (ADJP typically long )ADJP New York *UNK )NP (PP between (NP office and home )NP )PP )NP )VP )S )PP , (NP management )NP (VP will (VP expect (S (NP employees )NP (VP to (VP work (NP (NP 40 hours )NP (NP a week )NP )NP (PP in (NP Dallas )NP )PP , (PP rather than (NP (NP a *UNK- work week )NP (PP in (NP New York )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Canadian production )NP (PP of (NP market pulp )NP )PP )NP (VP rose (NP 1 % )NP (PP in (NP September )NP (PP from (ADVP (NP a year )NP earlier )ADVP )PP )PP (SBAR as (S (NP the industry )NP (VP operated (PP at (NP (NP 87 % )NP (PP of (NP capacity )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The Canadian *UNKC and Paper Association )NP , (NP an industry group )NP , )NP (VP said (SBAR (S (NP Canadian mills )NP (VP produced (NP (NP *UNKN metric tons )NP (PP of (NP market pulp )NP )PP )NP (PP in (NP September )NP )PP , (PP compared (PP with (NP (NP *UNKN metric tons )NP (ADVP (NP a year )NP earlier )ADVP )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Market pulp )NP (VP is (NP (NP wood pulp )NP (VP sold (PP on (NP the open market )NP )PP (PP to (NP (NP producers )NP (PP of (NP (NP paper )NP and (NP other products )NP )NP )PP )NP )PP )VP )NP )VP . )S  STOP
(S (NP The statistics )NP (VP exclude (NP (NP pulp )NP (VP (VP consumed (PP at (NP the producing mill )NP )PP )VP or (VP shipped (PP to (NP (NP another mill )NP (SBAR (WHNP that )WHNP (S (VP is (VP *UNKED (PP with (NP the producing mill )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )NP )VP . )S  STOP
(S (NP Canada )NP (VP is (NP (NP (NP the world 's )NP largest producer )NP (PP of (NP market pulp )NP )PP )NP )VP . )S  STOP
(S (NP The September (ADJP 87 % )ADJP operating rate )NP (VP (VP compared (PP with (NP (NP a rate )NP (PP of (NP 101 % )NP )PP (PP in (NP August )NP )PP )NP )PP )VP but (VP was (ADJP unchanged (PP from (ADVP (NP a year )NP earlier )ADVP )PP )ADJP )VP )VP . )S  STOP
(S (PP In (NP (NP the first nine months )NP (PP of (NP this year )NP )PP )NP )PP (NP output )NP (VP was (NP *UNKN metric tons )NP , (ADVP down (PP from (NP *UNKN metric tons )NP (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )VP . )S  STOP
(S (NP IMA Holdings Corp. )NP (VP completed (NP (NP its (ADJP (QP $ 3 billion )QP )ADJP acquisition )NP (PP of (NP American Medical International Inc. )NP )PP )NP , (S (VP purchasing (NP (NP (NP (QP 63 million )QP shares )NP , or (NP 86 % )NP , )NP (PP of (NP the Los Angeles-based health-care services concern )NP )PP )NP (PP for (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP )VP )S )VP . )S  STOP
(S (NP The price )NP (ADVP also )ADVP (VP includes (NP (NP assumption )NP (PP of (NP (NP (QP about $ 1.4 billion )QP )NP (PP in (NP debt )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP IMA )NP (VP is (NP (NP a group )NP (SBAR (WHNP that )WHNP (S (VP includes (NP (NP First Boston Corp. )NP and (NP (NP the *UNKC family )NP (PP of (NP Chicago )NP )PP )NP )NP (PP through (NP the leveraged buy-out fund Harry *UNKC *UNKC Klein & Partners )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Harry J. Gray )NP and (NP *UNKC N. Klein )NP , (PP along (PP with (NP five other IMA *UNK )NP )PP )PP , )NP (VP were (VP named (S (VP to (VP join (NP (NP American Medical 's )NP *UNK- board )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The completion )NP (PP of (NP the merger agreement )NP )PP )NP (VP follows (NP (NP months )NP (PP of (NP *UNK and turns )NP )PP )NP )VP . )S  STOP
(S (PP In (NP January )NP )PP , (NP American Medical )NP (VP brought (PRT in )PRT (NP (NP a new chief executive officer )NP , (NP (NP Richard A. *UNKC )NP , (NP 45 )NP , )NP (SBAR (WHNP who )WHNP (S (VP will (VP remain (PP as (NP (NP chairman )NP , (NP president )NP and (NP chief executive )NP )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP (NP A few days )NP later )ADVP , (NP American Medical )NP (VP announced (NP (ADJP sharply lower )ADJP earnings )NP , (S (VP taking (NP (NP charges )NP (PP of (NP (QP $ 24 million )QP )NP )PP (PP for (NP (NP insurance reserves )NP and (NP canceled real estate *UNK )NP )NP )PP )NP )VP )S )VP . )S  STOP
(S (PP In (NP March )NP )PP , (NP American Medical )NP (VP received (NP a (ADJP $ *UNK- )ADJP offer (S (VP to (VP take (S (NP the company )NP (ADJP private )ADJP )S )VP )VP )S )NP (PP from (NP (NP an investor group )NP (PP including (NP (NP large holder )NP (NP M. Lee Pearce )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP was (VP considering (NP (NP a restructuring )NP (SBAR (S (VP to (VP help (VP boost (NP the stock price )NP )VP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP A group )NP (PP including (NP (NP several members )NP (PP of (NP (NP the the Bass family )NP (PP of (NP Texas )NP )PP )NP )PP )NP )PP )NP (VP urged (NP the company )NP (S (VP to (VP take (NP (NP some steps )NP (SBAR (S (VP to (VP *UNK (NP shareholder value )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (NP The following month )NP , (NP the company )NP (VP put (NP itself )NP (PP up (PP for (NP sale )NP )PP )PP )VP . )S  STOP
(S (S (NP It )NP (VP received (NP more offers )NP )VP )S , but (S (NP the auction )NP (VP was (ADVP surprisingly )ADVP (VP won (PP by (NP (NP IMA )NP , (SBAR (WHNP which )WHNP (S (VP (VP bid (NP (NP $ 28 )NP (NP a share )NP )NP )VP and (VP asked (NP Mr. *UNKC )NP (S (VP to (VP stay (PRT on )PRT (PP as (NP an equity *UNK )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP )S . )S  STOP
(S (NP He )NP (VP indicated (SBAR that (S (NP some assets )NP (VP might (VP be (VP sold (ADVP off )ADVP (S (VP to (VP service (NP the debt )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Then )ADVP , (PP after (S (VP extending (NP its offer )NP (NP four times )NP (S (VP waiting (PP for (NP a congressional tax ruling )NP )PP )VP )S )VP )S )PP , (NP IMA )NP (ADVP early (NP this month )NP )ADVP (VP lowered (NP its offer )NP (PP to (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP (PP amid (NP (NP *UNK )NP (PP in (NP the junk bond market )NP )PP )NP )PP )VP . )S  STOP
(S (NP American Medical )NP (VP accepted (NP the offer )NP , (S (ADVP meanwhile )ADVP (VP indicating (SBAR (S (NP it )NP (VP had (VP heard (PP from (NP two other *UNK )NP )PP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S But (S (NP they )NP (ADVP never )ADVP (VP *UNKED )VP )S and (S (NP IMA )NP (VP completed (NP the purchase )NP (NP yesterday )NP )VP )S . )S  STOP
(S (NP Other new board members )NP (VP include (NP (NP (NP John S. *UNKC and Mark A. *UNKC )NP (PP of (NP First Boston )NP )PP )NP , (NP James F. *UNKC )NP , (NP William S. Goldberg )NP and (NP Harold S. *UNKC )NP )NP )VP . )S  STOP
(S (NP Treasury Secretary Nicholas Brady )NP (VP said (SBAR that (S (NP Congress )NP (VP should (VP grant (NP the Securities and Exchange Commission )NP (NP the power (S (VP to (VP close (NP the stock markets )NP (PP in (NP (NP periods )NP (PP of (NP crisis )NP )PP )NP )PP )VP )VP )S )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP testimony )NP (PP to (NP the Senate securities subcommittee )NP )PP )NP )PP , (NP Mr. Brady )NP (VP disputed (NP (NP the view )NP (PP of (NP (NP SEC Chairman Richard Breeden )NP , (SBAR (WHNP who )WHNP (S (VP told (NP a House panel )NP (NP Wednesday )NP (SBAR that (S (NP he )NP (VP does n't (VP want (NP the ability (S (VP to (VP halt (NP the markets )NP )VP )VP )S )NP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP Mr. Breeden )NP (VP contended (SBAR that (S (NP *UNK power )NP (VP could (VP have (NP an impact )NP (PP on (NP the markets )NP )PP (SBAR if (S (NP (NP rumors )NP )NP (VP were (S (VP to (VP *UNK )VP )VP )S (PP about (SBAR (WHADVP when )WHADVP (S (NP the exchanges )NP (VP might (VP be (VP closed )VP )VP )VP )S )SBAR )PP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP added (SBAR that (S (NP the president )NP (ADVP already )ADVP (VP has (NP the power (S (VP to (VP close (NP the markets )NP (PP in (NP an emergency )NP )PP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S But (NP Mr. Brady )NP (VP argued (SBAR that (S (NP the SEC )NP (VP is (UCP (ADJP closer (PP to (NP the markets )NP )PP )ADJP and (PP in (NP (NP a better position )NP (SBAR (S (VP to (VP understand (SBAR (WHADVP when )WHADVP (S (NP the exchanges )NP (VP are (PP under (NP such stress (SBAR that (S (NP they )NP (VP should (VP be (VP closed )VP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )UCP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP Mr. Brady )NP (VP said (SBAR (S (NP he )NP (VP asked (NP (NP the Working Group )NP (PP on (NP Financial Markets )NP )PP )NP (S (VP to (VP determine (SBAR whether (S (NP futures margins )NP (VP are (ADJP too low )ADJP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP noted (SBAR that (S (NP some minimum margin requirements )NP (VP have (VP been (VP reduced (PP to (NP (NP levels )NP (PP below (NP (NP those )NP (PP before (NP the 1987 crash )NP )PP )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S `` (NP This )NP (VP raises (NP questions (SBAR (SBAR whether (S (NP futures and equity margin requirements )NP (VP are (ADJP consistent )ADJP (PP at (NP these levels )NP )PP )VP )S )SBAR and (SBAR whether (S (NP futures margins )NP (VP are (ADJP adequate )ADJP )VP )S )SBAR )SBAR )NP )VP , '' )S (NP Mr. Brady )NP (VP said )VP . )S  STOP
(S (NP *UNKC )NP (VP are (NP (NP the amount )NP (PP of (NP money )NP )PP (SBAR (S (NP an investor )NP (VP needs (S (VP to (VP put (PRT up )PRT )VP )VP )S (S (VP to (VP buy or sell (NP a futures contract )NP )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP on (NP the futures exchanges )NP )PP )NP (ADVP typically )ADVP (VP are (VP raised and lowered (PP according (PP to (NP market volatility )NP )PP )PP )VP )VP . )S  STOP
(S (S (NP (NP The Chicago Mercantile Exchange margins )NP (PP for (NP (NP the Standard & Poor 's )NP 500 stock-index futures )NP )PP )NP (VP stood (PP at (NP (NP (NP $ 10,000 )NP (NP a contract )NP (PP for (NP speculators )NP )PP )NP and (NP (NP $ 5,000 )NP (PP for (NP *UNK )NP )PP )NP )NP )PP (PP before (NP Oct. 16 , 1987 )NP )PP )VP )S ; (S (NP that day )NP (NP the *UNKING margin )NP (VP was (VP raised (PP to (NP $ *UNKN )NP )PP )VP )VP )S . )S  STOP
(S (NP *UNKC )NP (VP were (VP raised or lowered (NP (QP about a dozen )QP times )NP (PP since (NP (NP the crash )NP (NP Oct. 19 , 1987 )NP )NP )PP )VP )VP . )S  STOP
(S (ADVP Currently )ADVP , (NP they )NP (VP stand (PP at (NP (NP (NP $ *UNKN )NP (PP for (NP (NP speculators )NP , (SBAR (WHNP who )WHNP (S (VP are (ADVP typically )ADVP (NP (NP individuals )NP and (NP *UNK- traders )NP )NP )VP )S )SBAR , )NP )PP )NP and (NP (NP $ 6,000 )NP (PP for (NP (NP *UNK )NP , (SBAR (WHNP which )WHNP (S (VP (VP are (ADVP usually )ADVP (NP institutions )NP )VP and (VP have (NP (NP offsetting positions )NP (PP in (NP the underlying stocks )NP )PP )NP )VP )VP )S )SBAR )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP Mr. Brady )NP (ADVP also )ADVP (VP said (SBAR (S (NP he )NP (VP expects (S (NP the leveraged buy-out phenomenon )NP (VP to (VP `` end (PP under (NP (PRN -LRB- its -RRB- )PRN own weight )NP )PP )VP )VP )S )VP )S )SBAR )VP . '' )S  STOP
(S (S (VP Asked (SBAR whether (S (NP there )NP (VP is (NP (NP anything )NP (SBAR (S (NP Congress )NP (VP should (VP do (S (VP to (VP curb (NP the LBO boom )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )S , (NP Mr. Brady )NP (VP responded , (S `` (NP I )NP (VP think (SBAR (S (NP the LBO phenomenon )NP , (SBAR (PRN -LRB- while -RRB- )PRN (S (NP it )NP (VP wo n't (VP stop (ADVP completely )ADVP )VP )VP )S )SBAR , (VP will (VP be (NP (NP a thing )NP (PP of (NP the past )NP )PP )NP )VP )VP )S )SBAR )VP )S )VP . '' )S  STOP
(S (PP Before (S (VP taking (NP any action )NP )VP )S )PP , (NP he )NP (VP advised (NP the panel )NP (S (VP to (VP `` see (SBAR (WHNP what )WHNP (S (NP the market )NP (VP has (VP produced (PP as (NP a *UNK )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP . '' )S  STOP
(S (NP Mr. Brady )NP (ADVP also )ADVP (VP (VP agreed (PP with (NP (NP (NP senators ' )NP concerns )NP (PP about (NP recent stock-market volatility )NP )PP )NP )PP )VP , and (VP said (SBAR (S (NP he )NP (VP *UNK (SBAR that (S (NP the gyrations )NP (VP are (VP *UNKING (NP investors )NP (PP from (S (VP investing (PP in (NP stocks )NP )PP )VP )S )PP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S But (NP he )NP (VP added (SBAR that (S (NP individuals )NP (ADVP still )ADVP (VP are (VP participating (PP in (NP the equity market )NP )PP (ADVP indirectly )ADVP (PP through (NP (NP mutual funds )NP and (NP pension funds )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The former Wall Street executive )NP (VP refused (S (VP to (VP offer (NP (NP an opinion )NP (PP on (NP (NP the controversy )NP (VP surrounding (NP (NP program trading )NP , (SBAR (WHNP which )WHNP (S (VP (VP has (ADVP recently )ADVP (VP become (NP (NP a larger part )NP (PP of (NP (NP the trading )NP (PP in (NP the market )NP )PP )NP )PP )NP )VP )VP and (VP has (VP been (VP blamed (PP for (S (VP *UNKING (NP the drop )NP (ADVP (NP two weeks )NP ago )ADVP )VP )S )PP )VP )VP )VP )VP )S )SBAR )NP )VP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (S `` (NP I )NP (VP do not (VP have (NP (NP a view )NP (PP of (SBAR whether (S (NP we )NP (VP should (VP do (NP anything )NP (PP about (NP program trading )NP )PP (PP at (NP this time )NP )PP )VP )VP )S )SBAR )PP )NP )VP )VP , '' )S (NP he )NP (VP said )VP . )S  STOP
(S But (NP Mr. Brady )NP (VP *UNKED (NP (NP the *UNK- bill )NP (SBAR (WHNP that )WHNP (S (NP (NP both houses )NP (PP of (NP Congress )NP )PP )NP (VP will (VP try (S (VP to (VP push (ADVP through )ADVP (NP this session )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP That bill )NP , (VP proposed (PP by (NP the SEC )NP )PP (NP last year )NP )VP , )NP (VP would (VP (VP require (S (NP brokerage firms )NP (VP to (VP disclose (NP (NP the financial positions )NP (PP of (NP their holding companies )NP )PP )NP )VP )VP )S )VP , (VP mandate (NP (NP (NP large traders ' )NP reporting )NP (PP of (NP program or block trades )NP )PP )NP )VP , and (VP improve (NP (NP clearing and settlement )NP (PP of (NP (NP trades )NP (PP between (NP the futures and stock markets )NP )PP )NP )PP )NP )VP )VP )VP . )S  STOP
(S (NP The bill )NP (ADVP also )ADVP (VP would (VP give (NP the SEC )NP (NP (NP the power (S (VP to (VP close (NP the markets )NP )VP )VP )S )NP , (NP (NP a *UNK )NP (SBAR (WHNP that )WHNP (S (S (NP former SEC Chairman David *UNKC )NP (VP wanted )VP )S but (S (NP Mr. Breeden )NP (VP does n't )VP )S )S )SBAR )NP )NP )VP )VP . )S  STOP
(S (NP (NP Mr. Brady )NP and (NP senators )NP )NP (VP agreed (S (VP to (VP have (S (NP their staffs )NP (VP meet (PP within (NP the next week )NP )PP (S (VP to (VP start (S (VP *UNKING (NP the bill )NP )VP )S )VP )VP )S )VP )S )VP )VP )S )VP . )S  STOP
(S (NP The Senate Agriculture Committee )NP (VP is (VP responding (PP to (NP (NP trading *UNK )NP (PP in (NP the futures markets )NP )PP )NP )PP (PP with (NP (NP a far-reaching bill )NP (SBAR (WHNP that )WHNP (S (VP would (VP become (NP (NP the Futures Trading *UNKC Act )NP (PP of (NP 1989 )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP The proposed legislation )NP (VP has (NP a *UNK goal : (S (VP to (VP *UNK (NP (NP the integrity )NP (PP of (NP the U.S. futures markets )NP )PP )NP )VP )VP )S )NP )VP . )S  STOP
(S (ADVP However )ADVP , (PP as (S (VP is (ADJP common (PP with (NP sweeping legislation )NP )PP )ADJP )VP )S )PP , (NP the proposal )NP (VP contains (NP (NP many provisions )NP (SBAR (WHNP that )WHNP (S (VP could (VP destroy (NP (NP important parts )NP (PP of (NP (NP the system )NP (SBAR (S (NP it )NP (VP sets (PRT out )PRT (S (VP to (VP preserve )VP )VP )S )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP The complex bill )NP , (VP introduced (PP by (NP *UNKC (NP (NP (NP Patrick *UNKC )NP (PRN -LRB- (NP (NP D. )NP , (NP *UNKC )NP )NP -RRB- )PRN )NP , (NP (NP Richard *UNKC )NP (PRN -LRB- (NP (NP R. )NP , (NP *UNKC )NP )NP -RRB- )PRN )NP , and (NP (NP Bob *UNKC )NP (PRN -LRB- (NP (NP D. )NP , (NP *UNKC )NP )NP -RRB- )PRN )NP )NP )NP )PP )VP , )NP (VP covers (NP (NP a wide range )NP (PP of (NP (NP provisions )NP (SBAR (WHNP that )WHNP (S (VP (VP would (VP affect (NP (NP the funding and authority )NP (PP of (NP the Commodity Futures Trading Commission )NP )PP )NP )VP )VP and (VP would (VP (ADVP *UNKLY )ADVP change (NP (NP the way )NP (SBAR (S (NP the industry )NP (VP is (VP regulated )VP )VP )S )SBAR )NP )VP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP These )NP (VP include (NP (NP (NP provisions )NP (VP relating (PP to (NP (NP the technology and systems )NP (SBAR (WHNP that )WHNP (S (VP must (VP be (VP employed (PP by (NP exchanges )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )NP , (NP (NP oversight and *UNK procedures )NP (PP for (NP exchange trading practices )NP )PP )NP , (NP (NP the relationship )NP (PP between (NP (NP commodity brokerage firms )NP and (NP floor traders )NP )NP )PP )NP , and (NP exchange *UNK )NP )NP )VP . )S  STOP
(S (NP The bill )NP (ADVP also )ADVP (VP (VP *UNK (NP even minor rule *UNK )NP (PP to (NP *UNK )NP )PP )VP and (VP provides (PP for (NP (NP recovery )NP (PP of (NP *UNK damages )NP )PP (PP in (NP (NP civil lawsuits )NP and (NP *UNK cases )NP )NP )PP )NP )PP (PP without (NP (NP any showing )NP (PP of (NP *UNK *UNK )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Many aspects )NP (PP of (NP the bill )NP )PP )NP (VP are (ADJP *UNK )ADJP , (S (VP providing (NP (NP appropriate public *UNK )NP (SBAR (WHNP that )WHNP (S (VP can and should (VP be (VP *UNKED (PP throughout (NP the industry )NP )PP )VP )VP )VP )S )SBAR )NP )VP )S )VP . )S  STOP
(S (ADVP Indeed )ADVP , (NP (NP (NP some )NP (PP of (NP (NP the bill 's )NP requirements )NP )PP )NP , (PP including (NP (NP (NP broad *UNK )NP (PP on (NP (NP (NP the exchanges ' )NP boards )NP (PP of (NP directors )NP )PP )NP )PP )NP and (NP strong measures (S (VP to (VP prevent (NP (NP *UNK )NP (PP of (NP interest )NP )PP )NP )VP )VP )S )NP )NP )PP , )NP (ADVP already )ADVP (VP have (VP been (VP put (PP in (NP place )NP )PP (PP by (NP (NP the *UNKC , *UNKC & *UNKC Exchange )NP and (NP other futures exchanges )NP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP Other aspects )NP (PP of (NP the bill )NP )PP )NP , (ADVP however )ADVP , (VP are (ADVP either )ADVP (VP (VP structured (PP in (NP (NP ways )NP (SBAR (WHNP that )WHNP (S (VP create (NP (NP unnecessary *UNK )NP (PP for (NP the industry )NP )PP )NP )VP )S )SBAR )NP )PP )VP or (VP (ADVP actually )ADVP are (ADJP *UNK (PP to (NP (NP the exchanges )NP , (NP the industry )NP and (NP (ADVP ultimately )ADVP the general public )NP )NP )PP )ADJP )VP )VP )VP . )S  STOP
(S (NP (NP One )NP (PP of (NP the (ADJP most prominent )ADJP features )NP )PP )NP (VP is (NP the requirement (SBAR that (S (PP in (NP three years )NP )PP (NP all exchanges )NP (VP have (PP in (NP place )NP )PP (NP (NP a system )NP (SBAR (WHNP that )WHNP (S (VP records (NP all trades )NP (PP by (NP (NP a source )NP (ADJP independent (PP of (NP the *UNKING broker )NP )PP )ADJP )NP )PP )VP )S )SBAR )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The New York futures exchanges )NP (VP have (VP been (VP working (ADVP together )ADVP (S (VP to (VP develop (NP (NP a trade recording system )NP (PP much like (NP (NP the one )NP (VP called (PP for )PP (PP in (NP the bill )NP )PP )VP )NP )PP )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP We )NP (VP would (VP be (ADJP *UNKED (S (VP to (VP have (NP such a system )NP (PP in (NP place )NP )PP (NP today )NP )VP )VP )S )ADJP )VP )VP . )S  STOP
(SQ But is (NP (NP it )NP )NP (ADJP realistic )ADJP (SBAR for (S (NP Congress )NP (VP to (VP mandate (PP by (NP a rigid deadline )NP )PP (NP (NP a system )NP (SBAR (WHNP that )WHNP (S (VP has not (ADVP yet )ADVP (VP been (VP *UNKED (PP to (NP *UNK studies )NP )PP )VP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR ? )SQ  STOP
(SBAR What if (S (NP the system )NP (VP does n't (VP work )VP )VP )S ? )SBAR  STOP
(SBAR What if (S (NP (NP the only system )NP (SBAR (WHNP that )WHNP (S (VP does (NP work )NP )VP )S )SBAR )NP (VP is (ADJP (ADJP so expensive )ADJP (SBAR that (S , (PP at best )PP , (NP only the largest exchanges )NP (VP can (VP afford (NP it )NP )VP )VP )S )SBAR )ADJP )VP )S ? )SBAR  STOP
(S (NP *UNKC )NP (VP is (NP a key consideration )NP (PP because of (NP (NP the global sweep )NP (PP of (NP the financial markets )NP )PP )NP )PP )VP . )S  STOP
(S (NP The U.S. futures exchanges )NP (VP compete (ADVP world-wide )ADVP (ADVP as never before )ADVP )VP . )S  STOP
(S (NP Today )NP , (NP (NP trading )NP (PP in (NP almost any commodity )NP )PP )NP (VP can (VP be (VP *UNKED (PP from (NP U.S. markets )NP )PP (PP with (NP (NP just a few *UNK )NP (PP of (NP a *UNK )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP All foreign markets )NP (VP are (VP (ADVP aggressively )ADVP *UNKING (NP U.S. business )NP )VP )VP . )S  STOP
(S (PP In (NP fact )NP )PP , (NP several London markets )NP (ADVP already )ADVP (VP offer (NP (NP lower costs )NP (PP for (NP (NP trading )NP (PP in (NP the (ADJP (ADJP same )ADJP or (ADJP very similar )ADJP )ADJP contracts )NP )PP )NP )PP )NP )VP . )S  STOP
(S (S (NP The U.S. exchanges )NP (VP need (NP both (NP market integrity )NP and (NP *UNK- )NP )NP )VP )S ; (S (NP long-term growth )NP (VP depends (PP on (NP it )NP )PP )VP )S . )S  STOP
(S (NP The Senate bill )NP (VP contains (NP (NP many provisions )NP (SBAR (WHNP that )WHNP (S (VP will (VP increase (NP (NP the costs )NP (PP of (NP trading )NP )PP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP The (ADJP most *UNK )ADJP )NP (PP of (NP these )NP )PP )NP (VP is (NP (NP the *UNK )NP (PP of (NP (NP `` service fees , '' )NP (SBAR (WHNP which )WHNP (S (VP will (VP (ADVP directly )ADVP *UNK (NP (NP the cost spread )NP (PP between (NP (UCP U.S. and foreign )UCP markets )NP )PP )NP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP Other provisions )NP (VP have (NP (NP a (ADJP (ADJP more *UNK )ADJP , but (ADJP nonetheless real and *UNK )ADJP )ADJP effect )NP (PP on (NP (NP the international position )NP (PP of (NP U.S. exchanges )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP These )NP (VP include (NP (NP (NP the extension )NP (PP of (NP liability )NP )PP (PP into (NP (NP areas )NP (PP beyond (NP (NP those )NP (VP established (PP by (NP judicial *UNK )NP )PP )VP )NP )PP )NP )PP )NP and (NP (NP the expansion )NP (PP of (NP liability )NP )PP (SBAR (S (VP to (VP include (NP *UNK damages )NP )VP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (PP In (NP (NP addition )NP (PP to (S (VP increasing (NP costs )NP (PP as (NP (NP a result )NP (PP of (NP (NP greater financial exposure )NP (PP for (NP members )NP )PP )NP )PP )NP )PP )VP )S )PP )NP )PP , (NP these measures )NP (VP could (VP have (NP (ADJP other , far-reaching )ADJP *UNK )NP )VP )VP . )S  STOP
(S (NP (NP One section )NP (PP of (NP the bill )NP )PP )NP (VP would (VP make (S (NP all commodity brokerage firms and floor brokers )NP (ADJP *UNK (PP for (NP damages )NP )PP (PP without (NP *UNK *UNK )NP )PP )ADJP )S )VP )VP . )S  STOP
(SINV (ADVP *UNKC (PP in (NP the federal securities law )NP )PP )ADVP is (NP (NP simple *UNK )NP or (NP *UNK action )NP )NP (NP (NP a source )NP (PP of (NP liability )NP )PP )NP (PP under (NP similar circumstances )NP )PP . )SINV  STOP
(S (NP (NP It )NP )NP (VP is (ADJP only *UNK )ADJP (S (VP to (VP assume (SBAR that (S (NP (NP the enactment )NP (PP of (NP this provision )NP )PP )NP (VP will (VP lead (PP to (NP increased litigation )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (PP In (NP an already *UNK- business )NP )PP , (NP commodity brokerage firms )NP (VP may (ADVP well )ADVP (VP decide (S (VP to (VP eliminate (NP (NP the risk and expense )NP (PP of (S (VP dealing (PP with (NP the retail public )NP )PP )VP )S )PP )NP , (S (VP *UNKING (NP the private individual )NP (PP of (NP (NP access )NP (PP to (NP the markets )NP )PP )NP )PP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (NP Another measure )NP (VP makes (S (NP commodity brokerage firms )NP (ADJP *UNK (PP for (NP (NP violations )NP (VP committed (PP by (NP (NP independent floor brokers )NP (SBAR (WHNP who )WHNP (S (VP execute (NP trades )NP (PP for (NP them )NP )PP )VP )S )SBAR )NP )PP )VP )NP )PP )ADJP )S )VP . )S  STOP
(S (NP This *UNKED concept )NP (VP would (VP *UNK (NP these firms )NP (PP to (NP (ADJP potentially *UNK )ADJP punitive damages )NP )PP )VP )VP . )S  STOP
(S (S (VP *UNKED (PP with (NP (NP the (ADJP virtually impossible )ADJP task )NP (PP of (S (VP *UNKING (NP (NP the execution )NP (PP of (NP each trade )NP )PP )NP )VP )S )PP )NP )PP )VP )S , (NP many commodity brokerage firms )NP (VP are (ADJP likely (S (VP to (VP (VP stop (S (VP doing (NP business )NP (PP with (NP *UNK )NP )PP )VP )S )VP and (VP (ADVP instead )ADVP hire (NP their own *UNKED floor brokers )NP )VP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP This )NP (VP would (VP force (S (PP out (PP of (NP business )NP )PP )PP (NP (NP many )NP (PP of (NP (NP (NP the individuals )NP and (NP small firms )NP )NP (SBAR (WHNP that )WHNP (S (VP function (PP as (NP floor brokers )NP )PP )VP )S )SBAR )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP (NP A *UNK )NP (PP of (NP their departure )NP )PP )NP (VP could (VP be (NP (NP a serious *UNK )NP (PP of (NP market liquidity )NP )PP )NP )VP )VP . )S  STOP
(S (ADVP Finally )ADVP , (PP under (NP the bill )NP )PP , (NP (NP a number )NP (PP of (NP (ADJP legitimate , longstanding )ADJP business practices )NP )PP )NP (VP would (VP be (VP (ADVP *UNKLY )ADVP banned , (SBAR unless (S (NP the CFTC )NP (VP were (S (VP to (VP take (NP (ADJP specific and *UNKLY )ADJP action )NP (S (VP to (VP permit (S (NP them )NP (VP to (VP continue )VP )VP )S )VP )VP )S )VP )VP )S )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (PP In (NP other words )NP )PP , (NP regulation )NP (VP will (VP occur (PP (PP through (NP (NP *UNK )NP and (NP *UNK )NP )NP )PP , (PP rather than (PP through (NP a normal *UNK procedure )NP )PP )PP )PP )VP )VP . )S  STOP
(S (NP The affected practices )NP (VP include (NP (NP (NP the *UNKING )NP (PP of (NP *UNK orders )NP )PP , (SBAR (WHNP which )WHNP (S (VP is (NP (NP the way )NP (SBAR (S (NP most public customer orders )NP (VP are (VP placed )VP )VP )S )SBAR )NP )VP )S )SBAR )NP , and (NP (NP trading )NP (PP between (NP *UNKED brokers )NP )PP )NP )NP , (SBAR even though (S (PP in (NP some cases )NP )PP (NP (NP trading )NP (PP with (NP affiliates )NP )PP )NP (VP may (VP be (NP (NP the only way )NP (SBAR (S (VP to (VP obtain (NP (NP the best execution )NP (PP for (NP a client )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(SINV (ADVP Also )ADVP (ADJP *UNKED )ADJP (VP would (VP be )VP )VP (NP (NP dual trading )NP , (SBAR (WHADVP *UNK )WHADVP (S (NP a broker )NP (VP trades (PP for (NP (NP customers )NP (ADVP as well (PP as (NP his own account )NP )PP )ADVP )NP )PP )VP )S )SBAR , (NP (NP a practice )NP (SBAR (WHNP that )WHNP (S (VP provides (NP needed liquidity )NP (PP to (NP the markets )NP )PP )VP )S )SBAR )NP )NP . )SINV  STOP
(S (NP All U.S. futures exchanges )NP (VP agree (SBAR that (S (NP these and other trading practices )NP (VP require (NP proper regulation and *UNK )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Nonetheless )ADVP , (NP each )NP (VP has (NP (NP (ADJP too much )ADJP potential value )NP (PP to (NP the system )NP )PP (S (VP to (VP be (VP banned (PP by (NP legislative *UNK )NP )PP (SBAR before (S (NP the CFTC )NP (VP (ADVP carefully )ADVP considers (NP (NP (NP all the consequences )NP (PP of (NP a ban )NP )PP )NP and (SBAR (WHNP what )WHNP (S (NP the regulatory alternatives )NP (VP are )VP )S )SBAR )NP )VP )S )SBAR )VP )VP )VP )S )NP )VP . )S  STOP
(S (NP The markets )NP (VP are (ADJP complex )ADJP , (SBAR as (SINV (VP is )VP (NP (NP the environment )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP they )NP (VP function )VP )S )SBAR )NP )SINV )SBAR )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP problems )NP (VP surface )VP )S )SBAR , (NP the *UNK )NP (VP becomes (ADJP strong )ADJP (S (VP to (VP (ADVP *UNKLY )ADVP overhaul (NP (NP a market system )NP (SBAR (WHNP that )WHNP (S (VP has (VP served (PP for (NP (QP more than 100 )QP years )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (NP That *UNK )NP (VP must (VP be (VP put (ADVP aside )ADVP (S (VP (VP to (VP permit (NP (NP careful consideration )NP (PP of (NP (NP all the implications )NP , (ADJP positive and negative )ADJP , (PP of (NP (NP the proposed *UNK )NP (PP to (NP those problems )NP )PP )NP )PP )NP )PP )NP )VP )VP , and (VP to (VP avoid (S (VP creating (NP (NP a marketplace )NP (SBAR (WHADVP where )WHADVP (S (NP no one )NP (VP trades )VP )S )SBAR )NP )VP )S )VP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (NP (NP (NP chairman )NP (PP of (NP (NP the *UNKC , *UNKC & *UNKC Exchange )NP (PP in (NP New York )NP )PP )NP )PP )NP and (NP (NP director )NP (PP of (NP (NP commodity administration )NP (PP at (NP Shearson Lehman Hutton )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (S (NP (NP *UNKC claims )NP (PP for (NP state unemployment benefits )NP )PP )NP (VP fell (PP to (NP a (ADJP seasonally adjusted )ADJP *UNKN )NP (PP for (NP (NP the week )NP (VP ended (NP Oct. 14 )NP )VP )NP )PP )PP (PP from (NP *UNKN )NP (NP the previous week )NP )PP )VP )S , (NP the Labor Department )NP (VP said )VP . )S  STOP
(S (NP (NP The number )NP (PP of (NP (NP people )NP (VP receiving (NP state benefits )NP (PP in (NP (NP the week )NP (VP ended (NP Oct. 7 )NP )VP )NP )PP )VP )NP )PP )NP (VP fell (PP to (NP (NP a (ADJP seasonally adjusted )ADJP *UNKN )NP , or (NP (NP 2.1 % )NP (PP of (NP (NP those )NP (ADJP covered (PP by (NP unemployment insurance )NP )PP )ADJP )NP )PP )NP )NP )PP , (PP from (NP *UNKN )NP (NP (NP the previous week )NP , (SBAR (WHADVP when )WHADVP (S (NP the insured unemployment rate )NP (VP was (NP 2.2 % )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (S (VP *UNKING (NP all state and federal benefit programs )NP )VP )S , (NP (NP the number )NP (PP of (NP (NP people )NP (VP receiving (NP unemployment benefits )NP (PP in (NP (NP the week )NP (VP ended (NP Oct. 7 )NP )VP )NP )PP )VP )NP )PP )NP (VP fell (PP to (NP *UNKN )NP )PP (PP from (NP *UNKN )NP (ADVP (NP a week )NP earlier )ADVP )PP )VP . )S  STOP
(S (NP These figures )NP (VP are n't (ADJP seasonally adjusted )ADJP )VP . )S  STOP
(S (PP On (NP (NP the *UNK streets )NP (PP of (NP (NP *UNKC *UNKC 's )NP *UNKC )NP )PP )NP )PP , (NP life )NP (VP is (ADJP (ADJP *UNK )ADJP , (ADJP *UNK )ADJP and (ADJP *UNKLY *UNKING )ADJP )ADJP )VP . )S  STOP
(S (NP (NP *UNKC )NP (NP the `` *UNK- '' )NP )NP (VP (VP *UNK (NP (NP the *UNK )NP (PP of (NP *UNKING *UNK )NP )PP )NP )VP -- and (VP takes (NP (NP a cut )NP (PP of (NP (NP every cent )NP (SBAR (S (NP they )NP (VP *UNK )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP *UNKC *UNKC *UNKC )NP (VP is (NP (NP (NP a card *UNK )NP and (NP *UNK dealer )NP )NP (SBAR (WHNP who )WHNP (S (VP has (NP (NP a simple *UNKED )NP : `` (S (NP I )NP (VP live (PP in (NP this world )NP )PP , (S (VP assuming (SBAR that (S (NP there )NP (VP is (NP no *UNK , God or police )NP )VP )S )SBAR )VP )S )VP )S )NP )VP )S )SBAR )NP )VP . '' )S  STOP
(S (PP For (NP (NP the *UNK and *UNK )NP , (NP *UNKC *UNKC )NP , )NP )PP (NP *UNK )NP (VP flows (PP from (NP (NP the barrel )NP (PP of (NP a *UNK )NP )PP )NP )PP )VP . )S  STOP
(S `` (NP One man )NP (VP said (SBAR (S (NP you )NP (VP act (PP as (NP (NP a *UNK )NP (PRN , '' (S (NP a *UNK )NP (VP tells (NP him )NP )VP )S , `` )PRN (NP a *UNK (S (VP to (VP *UNK (NP (NP people 's )NP *UNK )NP )VP )VP )S )NP )NP )PP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP Mr. *UNKC 's )NP *UNKC )NP (ADVP also )ADVP (VP has (NP (NP (NP *UNKC *UNK )NP and (NP *UNKLY *UNK )NP )NP (SBAR (WHNP who )WHNP (S (VP look (PP to (NP God , not crime , )NP )PP (PP for (NP their *UNK )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S But (NP it )NP (VP is (NP (NP (NP his *UNK )NP (PP (PP of (NP *UNKC *UNK- )NP )PP -- (PP of (NP (NP *UNK )NP and (NP *UNK *UNK )NP )NP )PP , (PP of (NP (NP streets )NP (VP filled (PP with `` (NP (NP *UNK )NP , (NP *UNK *UNK )NP , and (NP animal *UNK )NP )NP '' )PP )VP )NP )PP )PP )NP )NP -- (SBAR (WHNP that )WHNP (S (VP (VP made (NP his reputation )NP )VP , and (VP won (NP him )NP (NP the *UNKC *UNKC )NP (PP in (NP 1988 )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP Three *UNK )NP , (NP (NP (NP `` (NP The *UNKING )NP and (NP the *UNKC )NP '' )NP (PRN -LRB- (NP *UNKN pages )NP , (NP $ *UNKN )NP -RRB- )PRN )NP , (NP (NP `` (NP The *UNKC )NP and (NP the *UNKC )NP '' )NP (PRN -LRB- (NP *UNKN pages )NP , (NP $ *UNKN )NP -RRB- )PRN )NP , and (NP (NP `` *UNKING *UNKC '' )NP (PRN -LRB- (NP *UNKN pages )NP , (NP $ *UNKN )NP -RRB- )PRN )NP )NP )NP , (VP (ADVP recently )ADVP published (PP by (NP *UNKC )NP )PP )VP )NP (VP offer (NP (NP an *UNK *UNK )NP (PP of (NP (NP the *UNK- Mr. *UNKC 's )NP talent )NP )PP )NP )VP . )S  STOP
(S But (NP they )NP (VP do (VP show (NP (NP the range )NP (PP of (NP (NP a *UNK *UNK )NP (SBAR (WHNP whose (NP *UNK- *UNK )NP )WHNP (S (VP (VP *UNK (NP five decades )NP )VP and (VP include (NP (NP work )NP (PP of (NP social *UNK , protest and *UNK )NP )PP )NP )VP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP They )NP (ADVP also )ADVP (VP chart (NP (NP the *UNK )NP (PP of (NP (NP a city )NP (SBAR (WHNP that )WHNP (S (VP has (VP grown (ADVP *UNK )ADVP (PP in (NP (NP the author 's )NP *UNK )NP )PP , (PP (PP from (NP (NP a *UNK *UNK )NP (PP of (NP *UNKING *UNK )NP )PP )NP )PP (PP to (NP (NP a Third World *UNK )NP (VP *UNKING (PP on (NP its own refuse )NP )PP )VP )NP )PP )PP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S `` (ADVP Soon )ADVP (NP it )NP (VP 'll (VP be (ADJP (ADJP so crowded )ADJP (PRN , '' (S (NP a *UNK )NP (VP complains )VP )S , `` )PRN (SBAR that (S (NP people )NP (VP will (VP start (S (VP eating (NP each other )NP )VP )S )VP )VP )S )SBAR )ADJP )VP )VP . '' )S  STOP
(S (S (NP `` (NP (NP The *UNKING )NP and (NP the *UNKC )NP )NP , '' (NP (ADVP easily )ADVP (NP the best )NP (PP of (NP the three )NP )PP )NP , )NP (VP *UNK (PP to (NP (NP Mr. Mahfouz 's )NP `` realistic '' period )NP )PP )VP )S and (S (NP it )NP (VP is (NP (NP the one )NP (SBAR (WHPP for (WHNP which )WHNP )WHPP (S (NP he )NP (VP is (ADJP most *UNKED )ADJP )VP )S )SBAR )NP )VP )S . )S  STOP
(S (S (VP *UNKED (PP in (NP *UNKN )NP )PP )VP )S , (NP it )NP (VP follows (NP (NP the decline )NP (PP of (NP a Cairo family )NP )PP )NP (PP with (NP (NP the (NX (NX *UNK- sweep )NX and (NX rich detail )NX )NX )NP (SBAR (WHNP that )WHNP (S (NP critics )NP (ADVP often )ADVP (VP compare (PP to (NP *UNKC , *UNKC and *UNKC )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP A minor *UNK )NP (VP *UNK (ADVP suddenly )ADVP , (S (VP *UNKING (NP his family )NP (PP to (NP (NP poverty )NP and (NP eventual *UNK )NP )NP )PP )VP )S )VP . )S  STOP
(S (NP His daughter )NP (VP turns (PP (PP to (NP *UNKING )NP )PP , then (PP to (S (VP *UNKING (NP herself )NP (PP for (NP a few *UNK )NP )PP )VP )S )PP )PP )VP . )S  STOP
(S (NP One son )NP (VP *UNK (NP his own career )NP (SBAR so that (S (NP his *UNK brother )NP (VP can (VP succeed )VP )VP )S )SBAR , (SBAR while (S (NP another )NP (VP helps (S (VP support (NP the family )NP (PP with (NP (NP money )NP (VP *UNKED (PP from (NP crime )NP )PP )VP )NP )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The real *UNK )NP , (ADVP though )ADVP , (VP lies (PP not (PP in (NP (NP the family 's )NP circumstances )NP )PP but (PP in (NP (NP its concern )NP (PP for (NP *UNK )NP )PP )NP )PP )PP )VP . )S  STOP
(S (S (VP *UNKING (PP for (NP the father )NP )PP )VP )S (VP is (VP *UNKED (PP by (NP (NP the *UNK )NP (PP of (S (VP *UNKING (NP him )NP (PP in (NP (NP a *UNK 's )NP *UNK )NP )PP )VP )S )PP )NP )PP )VP )VP . )S  STOP
(S (NP The family )NP (VP moves (PP to (NP another house )NP )PP (PP at (NP night )NP )PP (S (VP to (VP *UNK (NP *UNK *UNK )NP (PP from (NP neighbors )NP )PP )VP )VP )S )VP . )S  STOP
(S And (NP the successful son )NP (VP *UNK (S (NP his *UNKING *UNK )NP (ADJP dead )ADJP )S )VP . )S  STOP
(S (PP As (NP (NP a *UNK )NP (PP of (NP *UNK- *UNK )NP )PP )NP )PP , (NP the story )NP (VP is (ADJP *UNKED )ADJP )VP . )S  STOP
(S But (NP (NP its *UNK *UNK )NP (PP of (NP Cairo life )NP )PP )NP (VP are (NP *UNK Mahfouz )NP )VP . )S  STOP
(S (NP We )NP (VP see , *UNK and hear (NP (NP *UNK )NP (VP filled (PP with `` (NP (NP (NP the *UNK )NP (PP of (NP (NP *UNK )NP (VP advertising (NP their *UNK )NP )VP )NP )PP )NP (VP *UNKED (PP with (NP (NP *UNK language )NP , (NP *UNKING *UNK )NP and (NP (NP the sound )NP (PP of (NP (NP people )NP (VP (VP gathering (NP *UNK )NP (PP in (NP their *UNK )NP )PP )VP and (VP *UNKING (PP into (NP the street )NP )PP )VP )VP )NP )PP )NP )NP )PP )VP )NP )PP )VP )NP )VP . '' )S  STOP
(S And (NP we )NP (VP meet (NP (NP *UNKING *UNK )NP , (PP such as (NP (NP *UNKC )NP `` (NP the *UNKC )NP , '' (VP *UNKED (PP for (NP (NP his *UNKING *UNK )NP , (NP his *UNKING )NP and (NP his *UNK )NP )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(S `` ` (S (NP God )NP (VP has not (ADVP yet )ADVP (VP *UNKED (SBAR that (S (NP I )NP (VP should (VP have (NP earnings )NP )VP )VP )S )SBAR )VP )VP )S , ' (NP he )NP (VP tells (NP his worried mother )NP )VP . '' )S  STOP
(S (S (NP *UNKC )NP (VP comes (PP to (NP a bad end )NP )PP )VP )S , but (SINV (ADVP so )ADVP (VP does )VP (NP (NP almost everyone else )NP (PP in (NP the book )NP )PP )NP )SINV . )S  STOP
(S (SBAR If (S (NP the setting )NP (VP is (ADJP *UNK )ADJP )VP )S )SBAR , (NP the *UNK )NP (VP is (ADJP (ADJP closer (PP to (NP (NP *UNKC 's )NP `` *UNKC *UNKC '' )NP )PP )ADJP (SBAR than (S (NP it )NP (VP is (VP (PP to `` (NP *UNKC *UNKC )NP )PP )VP )VP )S )SBAR )ADJP )VP . '' )S  STOP
(S (S (NP Mr. Mahfouz )NP (VP began (S (VP writing )VP )S (SBAR (WHADVP when )WHADVP (S (NP there )NP (VP was (NP no *UNK tradition )NP (PP in (NP *UNKC )NP )PP )VP )S )SBAR )VP )S , and (S (NP he )NP (VP *UNKED (NP his work )NP (PP on (NP Western *UNK )NP )PP )VP )S . )S  STOP
(S (S (PP In (NP one sense )NP )PP , (NP this )NP (VP limits (NP him )NP )VP )S ; (S (PP unlike (NP (NP a writer )NP (PP such as (NP (NP *UNKC Garcia *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP has (NP a *UNK Latin voice )NP )VP )S )SBAR )NP )PP )NP )PP , (NP (NP Mr. Mahfouz 's )NP style )NP (VP offers (NP (NP little )NP (SBAR (WHNP that )WHNP (S (VP can (VP be (VP *UNKED (S (ADJP `` *UNKC )ADJP )S )VP )VP )VP )S )SBAR )NP )VP )S . '' )S  STOP
(S But (NP (NP the *UNK )NP (PP of (NP his style )NP )PP )NP (VP (ADVP also )ADVP makes (S (NP his work )NP (ADJP *UNK )ADJP )S , (SBAR as (S (NP (NP the streets )NP (PP of (NP Cairo )NP )PP )NP (VP come (ADJP alive )ADJP (PP for (NP the Western *UNK )NP )PP (ADVP as *UNKLY (PP as (NP (NP (NP *UNKC 's )NP London )NP or (NP (NP *UNKC 's )NP St. *UNKC )NP )NP )PP )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP `` (NP (NP The *UNKC )NP and (NP the *UNKC )NP )NP , '' (VP written (PP in (NP *UNKN )NP )PP )VP , )NP (VP is (NP (NP a (ADJP *UNK , psychological )ADJP drama )NP , (ADJP *UNK (PP of `` (NP (NP *UNKC )NP and (NP *UNKC )NP )NP )PP )ADJP )NP )VP . '' )S  STOP
(S (NP (NP Its *UNK )NP , (NP *UNKC *UNKC )NP , )NP (VP is (NP (NP an *UNKC *UNKC )NP (SBAR (WHNP who )WHNP (S (VP seeks (NP *UNK )NP (PP in (NP *UNKING and killing )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S `` (S (NP I )NP (VP am (NP (NP (NP the hope )NP and (NP the dream )NP )NP , (NP (NP the redemption )NP (PP of (NP *UNK )NP )PP )NP )NP )VP )S , '' (NP he )NP (VP says (PP in (NP (NP one )NP (PP of (NP many *UNK *UNK )NP )PP )NP )PP )VP . )S  STOP
(S (ADVP Later )ADVP , (NP he )NP (VP recalls (NP (NP (NP the words )NP (PP of (NP his *UNKC *UNK )NP )PP )NP : `` (NP (NP The people )NP ! (NP *UNKC )NP ! (NP The *UNKLY fire )NP ! )NP '' )NP )VP )S  STOP
(S (NP (NP *UNKC 's )NP story )NP (VP reflects (NP (NP the *UNKING )NP (PP of (NP socialism )NP )PP (PP under (NP (NP *UNKC )NP , (SBAR (WHNP whose *UNK rule )WHNP (S (VP replaced (NP (NP the *UNK )NP (VP *UNK (PP in (NP *UNKN )NP )PP )VP )NP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (PP By (NP *UNKN )NP )PP , (NP (NP Mr. Mahfouz 's )NP *UNK )NP (VP had (VP (VP *UNKED )VP or (VP become (ADJP *UNKED )ADJP )VP , (SBAR as (S (NP it )NP (VP has (VP (PP in (NP *UNKC )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP His *UNK dream )NP (PP of (S (VP *UNKING (NP (NP a life )NP (PP of (NP `` (ADJP badly aimed )ADJP *UNK '' )NP )PP )NP (PP by (S (VP *UNKING (NP (NP the `` real *UNK '' )NP -- (NP (NP the rich `` *UNK '' )NP (SBAR (WHNP who )WHNP (S (VP *UNK (PP on (NP the poor )NP )PP )VP )S )SBAR )NP -- )NP )VP )S )PP )VP )S )PP )NP (VP leads (PP (PP (ADVP only )ADVP to (NP (NP the death )NP (PP of (NP *UNK )NP )PP )NP )PP , and (PP (ADVP eventually )ADVP to (NP his own )NP )PP )PP )VP . )S  STOP
(S (NP (NP Cairo 's )NP *UNKED *UNK )NP (ADVP also )ADVP (VP has (VP gone (ADJP gray )ADJP )VP )VP . )S  STOP
(S (S (ADVP Here )ADVP , (NP the city )NP (VP is (ADJP (ADJP dark )ADJP and (ADJP *UNK (PP with (NP *UNK )NP )PP )ADJP )ADJP )VP )S : (S (NP *UNKC )NP (VP has (VP left (NP his jail cell )NP (S (ADVP only )ADVP (VP to (VP enter (NP (NP the larger prison )NP (PP of (NP Cairo society )NP )PP )NP )VP )VP )S )VP )VP )S . )S  STOP
(S (SBAR While (S (NP the theme )NP (VP is (ADJP *UNKING )ADJP )VP )S )SBAR , (NP the plot and characters )NP (VP are not )VP . )S  STOP
(S (NP We )NP (ADVP never )ADVP (VP care (PP about (NP (NP Said )NP or (NP (NP the `` *UNK '' )NP (SBAR (S (NP he )NP (VP *UNK )VP )S )SBAR )NP )NP )PP )VP . )S  STOP
(S (S (NP `` (NP The *UNKC )NP and (NP the *UNKC )NP '' )NP (VP is (NP (NP a *UNKING work )NP , (NP (NP the first *UNK- novel )NP (PP in (NP *UNKC )NP )PP )NP , )NP )VP )S but (S (NP it )NP (VP is (ADJP likely (S (VP to (VP *UNK (NP Western readers )NP )VP )VP )S )ADJP )VP )S . )S  STOP
(S (NP (NP The 1981 novel )NP (NP `` *UNKING *UNKC '' )NP )NP (ADVP also )ADVP (VP is (UCP (ADJP *UNK )ADJP , and (NP another (ADJP badly aimed )ADJP *UNK )NP )UCP )VP . )S  STOP
(S (NP (NP The story )NP (PP of (NP (NP a *UNK 's )NP stage debut )NP )PP )NP (VP *UNK (PP in (NP *UNK- *UNK )NP )PP , (PP in (NP (NP the manner )NP (PP of (NP (NP *UNKC 's )NP (NP `` (NP The *UNKC )NP and (NP the *UNKC )NP )NP )NP )PP )NP )PP )VP . '' )S  STOP
(S But (NP the device )NP (VP *UNK (ADJP (ADJP more )ADJP (SBAR than (S (NP it )NP (VP *UNK )VP )S )SBAR )ADJP )VP . )S  STOP
(SINV (VP *UNKED (PP in (NP the work )NP )PP )VP (VP is )VP (NP (NP a *UNK )NP (PP (PP on (NP (NP the *UNK )NP (PP of (NP art )NP )PP )NP )PP , and (PP on (NP (NP the struggle )NP (PP for (NP integrity )NP )PP (PP in (NP an unfair world )NP )PP )NP )PP )PP )NP . )SINV  STOP
(S But (ADVP again )ADVP , (NP the *UNK )NP (VP get (VP *UNKED (PP in (NP (NP Mr. Mahfouz 's )NP *UNK *UNKING )NP )PP )VP )VP . )S  STOP
(S (NP (NP The *UNK )NP (PP of (NP his later work )NP )PP )NP (VP reflects (NP both (NP (NP an appetite )NP (PP for (NP new *UNK )NP )PP )NP and (NP (NP the *UNK )NP (PP of (NP (NP art )NP (PP in (NP the Arab world )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (NP Mr. Mahfouz )NP (VP has (VP been (VP *UNKED and *UNKED (PP for (S (VP (VP *UNKING (NP *UNKC )NP )VP and (VP *UNKING (NP (NP peace )NP (PP with (NP Israel )NP )PP )NP )VP )VP )S )PP )VP )VP )VP . )S  STOP
(S (S (VP *UNKING (NP his message )NP )VP )S (VP has (VP helped (S (NP him )NP (VP *UNK )VP )S )VP )VP . )S  STOP
(S (NP Art )NP , (PRN (SINV (VP says )VP (NP the *UNK )NP (PP in (NP `` *UNKING *UNKC , '' )NP )PP )SINV )PRN (VP is (NP (NP `` the *UNK )NP (PP for (NP (NP the action )NP (SBAR (WHNP that )WHNP (S (NP (NP an *UNK )NP (PP like (NP me )NP )PP )NP (VP is (ADJP unable (S (VP to (VP take )VP )VP )S )ADJP )VP )S )SBAR )NP )PP )NP )VP . '' )S  STOP
(S (NP `` *UNKING *UNKC '' )NP (VP gives (NP (NP *UNK )NP (PP of (NP (NP a Cairo )NP (SBAR (WHNP that )WHNP (S (VP has (VP become (ADJP so much *UNK )ADJP (PP since (NP (NP his youth )NP , (SBAR (WHADVP when )WHADVP (S (PRN , (SBAR as (S (NP he )NP (ADVP once )ADVP (VP said )VP )S )SBAR , )PRN `` (NP the *UNK person )NP (VP was (ADJP able (S (VP to (VP find (NP his daily *UNK )NP (FRAG and (PP without (NP great difficulty )NP )PP )FRAG )VP )VP )S )ADJP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP . '' )S  STOP
(S (S (NP (NP The *UNK )NP (PP of (NP the *UNK )NP )PP )NP (VP remains )VP )S , but (S (S (NP its color )NP (VP has (VP *UNKED (ADVP away )ADVP )VP )VP )S , and (S (NP the will (S (VP to (VP overcome )VP )VP )S )NP (VP has (VP been (VP *UNKED )VP )VP )VP )S )S . )S  STOP
(S (NP *UNKC )NP (VP ca n't (VP move (PP because of (NP *UNKING *UNK )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP complain (ADVP *UNKLY )ADVP (PP about (NP (NP food *UNK )NP , (NP prices )NP and (NP corruption )NP )NP )PP )VP . )S  STOP
(S And (NP the *UNK *UNK *UNK )NP (VP is (ADVP now )ADVP (NP (NP a *UNK and *UNK man )NP (SBAR (WHNP who )WHNP (S (VP *UNK : (S `` (NP Only government ministers )NP (VP can (VP afford (NP it )NP (NP these days )NP )VP )VP )S )VP )S )SBAR )NP )VP ! '' )S  STOP
(S (S (VP Having (VP lost (NP (NP their *UNK )NP (PP (PP in (NP God )NP )PP , (PP in (NP social reform )NP )PP and (PP in (NP *UNK )NP )PP )PP )NP )VP )VP )S , (NP *UNKC )NP (VP are (VP left (PP with (NP (NP nothing )NP but (NP (NP their sense )NP (PP of (NP *UNK )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (NP (NP a Journal staff reporter )NP (VP covering (NP the *UNKC East )NP )VP )NP )VP . )S  STOP
(S (NP (NP *UNKC Partners Limited Partnership )NP (PP of (NP Boston )NP )PP )NP (VP said (SBAR (S (NP it )NP (VP may (VP make (NP (NP a tender offer )NP (PP for (NP (NP some or all )NP (PP of (NP (NP Phoenix Technologies Ltd. 's )NP common shares )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (ADJP *UNKC , *UNKED )ADJP Phoenix )NP , (NP (NP a *UNKING maker )NP (PP of (NP (NP software )NP (PP for (NP personal computers )NP )PP )NP )PP )NP , )NP (VP has (VP had (NP substantial losses )NP (PP in (NP the past two quarters )NP )PP )VP )VP . )S  STOP
(S (NP (NP Its stock )NP , (SBAR (WHNP which )WHNP (S (VP was (ADJP as high (PP as (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP )ADJP )VP )S )SBAR , )NP (VP has (VP been (VP trading (PP under (NP (NP $ 4 )NP (NP a share )NP )NP )PP (ADVP recently )ADVP )VP )VP )VP . )S  STOP
(S (NP Yesterday )NP (NP it )NP (VP closed (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP , (ADVP up (NP $ 1.125 )NP )ADVP , (PP in (NP national over-the-counter trading )NP )PP )VP . )S  STOP
(S (PP In (NP a Securities and Exchange Commission filing )NP )PP , (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP 's (NP (NP part )NP (PP of (NP (NP a group )NP (SBAR (WHNP that )WHNP (S (VP holds (NP (NP *UNKN Phoenix Technologies common shares )NP , or (NP a (ADJP 5.3 % )ADJP stake )NP )NP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (S (NP *UNKC )NP (VP has (VP made `` (NP no detailed plans )NP )VP )VP )S , '' but (S (NP it )NP (VP has (VP engaged (PP in (NP (NP talks )NP (PP with (NP other shareholders )NP )PP )NP )PP )VP )VP )S )S , (NP the filing )NP (VP said )VP . )S  STOP
(S (NP Phoenix )NP (VP declined (S (VP to (VP comment )VP )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (VP is (VP controlled (PP by (NP (NP (NP Daniel L. *UNKC )NP and (NP Paul A. *UNKC )NP )NP , (NP (NP both )NP (NP (NP officers )NP (PP of (NP (NP *UNKED *UNKC Capital Management Inc. )NP , (NP a small Boston money management firm )NP )NP )PP )NP )NP )NP )PP )VP )VP . )S  STOP
(SINV (ADJP (ADVP Also )ADVP involved (PP in (NP the group )NP )PP )ADJP (VP is )VP (NP (NP Robert F. *UNKC )NP , (NP (ADVP formerly )ADVP (NP (NP (NP Phoenix 's )NP senior vice president )NP , (NP field operations )NP , )NP )NP (SBAR (WHNP who )WHNP (S (VP left (NP Phoenix )NP (PP at (NP (NP the beginning )NP (PP of (NP October )NP )PP )NP )PP )VP )S )SBAR )NP . )SINV  STOP
(S (NP Mr. *UNKC )NP (VP was (VP described (PP in (NP the filing )NP )PP (PP as (NP (NP a consultant )NP (PP to (NP *UNKC )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC Steel Corp. )NP (VP said (SBAR (S (NP it )NP (VP reached (NP (NP (NP a tentative agreement )NP (PP on (NP a *UNK- labor contract )NP )PP (PP with (NP the Independent *UNKC Union )NP )PP )NP (VP covering (NP production and maintenance employees )NP )VP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The agreement )NP , (ADJP subject (PP to (NP (NP approval )NP (PP of (NP union members )NP )PP )NP )PP )ADJP , )NP (VP would (VP cover (NP (QP about 6,000 )QP workers )NP )VP )VP . )S  STOP
(S (NP The tentative agreement )NP (VP provides (PP (PP for (NP (NP (NP wage increases )NP (PP of (NP (NP 85 cents )NP (NP an hour )NP )NP )PP )NP (ADJP *UNK (PP to (NP Sept. 25 , 1989 , )NP )PP )ADJP )NP )PP and (PP for (NP (NP (NP increases )NP (PP of (NP (NP (NP 19 cents )NP , (NP 70 cents )NP and (NP 35 cents )NP )NP (NP an hour )NP )NP )PP )NP (ADJP effective (NP (NP Jan. 1 , 1991 , 1992 and 1993 )NP , (ADJP respectively )ADJP )NP )ADJP )NP )PP )PP )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP provides (PP for (NP (NP (NP benefit adjustments )NP , (PP including (NP (NP a partial *UNK )NP (PP of (NP *UNK and *UNK )NP )PP )NP )PP , )NP (CONJP as well as )CONJP (NP *UNK- changes (S (VP to (VP increase (NP productivity )NP )VP )VP )S )NP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC zero )NP (PP of (NP the HUD scandal )NP )PP )NP (VP is (NP (NP (NP the Secretary 's )NP `` discretionary fund , '' )NP (NP (NP a *UNK *UNK )NP (VP used (S (VP to (VP fund (NP (NP projects )NP (SBAR (WHNP that )WHNP (S (VP were n't (VP approved (PP through (NP normal HUD *UNK )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP )NP )NP )VP . )S  STOP
(S (NP Jack Kemp )NP (VP wants (S (VP to (VP *UNK (NP it )NP )VP )VP )S )VP . )S  STOP
(S (ADVP Instead )ADVP , (NP (NP (NP Congress 's )NP idea )NP (PP of (NP reform )NP )PP )NP (VP is (S (VP to (VP increase (NP this *UNK fund )NP (PP by (NP (QP $ *UNKN million )QP )NP )PP )VP )VP )S )VP . )S  STOP
(FRAG And (VP transfer (NP (NP control )NP (PP of (NP (NP much )NP (PP of (NP it )NP )PP )NP )PP )NP (PP to (NP Capitol Hill )NP )PP )VP . )FRAG  STOP
(S (NP The HUD scandals )NP (VP will (ADVP simply )ADVP (VP continue , (FRAG but (PP under (NP new *UNK )NP )PP )FRAG )VP )VP . )S  STOP
(S (PP After (NP (NP one )NP (PP of (NP (NP the (ADJP most *UNKING )ADJP *UNK )NP (SBAR (S (NP we )NP (VP 've (ADVP ever )ADVP (VP seen (PP on (NP (NP the cable channel )NP (NP *UNKC )NP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP , (NP the House )NP (VP voted (ADVP 250 to 170 )ADVP (PP on (NP Wednesday )NP )PP (S (VP to (VP order (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP (NP spending )NP (PP for (NP (NP a New Jersey *UNK center )NP , (NP a Michigan *UNK )NP and (NP 38 other *UNK projects )NP )NP )PP )NP )PP (PP out (PP of (NP (NP the same discretionary fund )NP (SBAR (WHNP that )WHNP (S (VP was (VP supposed (S (VP to (VP have (VP been (VP (ADVP so )ADVP *UNKED (PP during (NP (NP Sam *UNKC 's )NP tenure )NP )PP )VP )VP )VP )VP )S )VP )VP )S )SBAR )NP )PP )PP )NP )VP )VP )S )VP . )S  STOP
(S (S (NP HUD )NP (VP has (NP (NP no paper work *UNK )NP (PP on (NP (NP 30 )NP (PP of (NP the projects )NP )PP )NP )PP )NP )VP )S , (S (NP (NP none )NP (PP of (NP the others )NP )PP )NP (VP has (VP been (VP approved )VP )VP )VP )S and (S (NP (NP not a single congressional hearing )NP )NP (VP has (VP been (VP held (PP on (NP (NP any )NP (PP of (NP them )NP )PP )NP )PP )VP )VP )VP )S . )S  STOP
(S (ADVP However )ADVP , (NP four )NP (VP are (PP in (NP (NP the Michigan district )NP (PP of (NP (NP Rep. Bob *UNKC )NP , (NP (NP the chairman )NP (PP of (NP (NP the House subcommittee )NP (SBAR (WHNP that )WHNP (S (VP writes (NP the HUD spending bill )NP )VP )S )SBAR )NP )PP )NP )NP )PP )NP )PP )VP . )S  STOP
(S (PP Of (NP course )NP )PP , (NP (NP this kind )NP (PP of (NP *UNK congressional *UNKING )NP )PP )NP (VP is (VP called (S (NP `` *UNK service '' )NP )S (PP by (NP Members )NP )PP , (SBAR while (S (NP (NP the same kind )NP (PP of (NP (NP *UNK *UNK )NP (PP at (NP HUD )NP )PP )NP )PP )NP (VP is (VP *UNKED (S `` (NP influence *UNKING )NP )S )VP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (PP Unlike (NP those *UNK Republican consultants )NP )PP , (NP Members )NP (VP do n't (VP profit (ADVP directly )ADVP (PP from (NP HUD projects )NP )PP )VP )VP . )S  STOP
(S (NP They )NP (VP (ADVP merely )ADVP collect (NP campaign contributions )NP (PP from (NP (NP developers )NP (SBAR (WHNP that )WHNP (S (VP help (S (VP keep (S (NP them )NP (PP in (NP office )NP )PP )S )VP )S )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The 40 *UNK projects )NP (VP were (VP discovered (S (VP *UNKED (PP in (NP (NP the appropriations bill )NP (PP for (NP (NP HUD )NP and (NP some other agencies )NP )NP )PP )NP )PP )VP )S (SBAR after (S (NP it )NP (VP returned (PP from (NP (NP a conference committee )NP (SBAR (WHNP that )WHNP (S (VP was (VP called (S (VP to (VP resolve (NP (NP differences )NP (PP between (NP the House and Senate versions )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Conference committees )NP (VP are (NP (NP *UNKING grounds )NP (PP for (NP *UNK )NP )PP )NP )VP . )S  STOP
(S (S (NP They )NP (VP are (ADVP often )ADVP (VP closed (PP to (NP the public )NP )PP )VP )VP )S and (S (NP no minutes )NP (VP are (VP taken )VP )VP )S . )S  STOP
(S (NP Members )NP (VP find (S (NP (NP it )NP )NP (ADJP easy )ADJP (S (VP to (VP doctor (NP legislation )NP (PP by (S (VP slipping (PRT in )PRT (NP (NP special provisions )NP (SBAR (WHNP that )WHNP (S (VP could (ADVP never )ADVP (VP survive (PP in (NP (NP the cold light )NP (PP of (NP day )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )S )PP )VP )VP )S )S )VP . )S  STOP
(S (PP In (NP this case )NP )PP , (NP the Members )NP (VP *UNK (NP themselves )NP )VP . )S  STOP
(S (NP They )NP (VP (VP transferred (NP (NP (QP some $ 28 million )QP )NP (PP from (NP the Community Development Block *UNKC program )NP )PP (VP designated (ADVP largely )ADVP (PP for (NP low - and *UNK- projects )NP )PP )VP )NP )VP and (VP *UNKED (NP it )NP (PP into (NP (NP such items )NP (PP as : (NP -- (NP (NP (QP $ 1.2 million )QP )NP (PP for (NP (NP a *UNK- center )NP (PP in (NP Newark )NP )PP )NP )PP )NP , -- (NP (NP (QP $ 1.3 million )QP )NP (PP for (NP (NP `` job *UNK '' )NP (PP in (NP *UNKC sugar mills )NP )PP )NP )PP )NP . (NP -- (NP $ 400,000 )NP (PP for (NP (NP a *UNKING utility *UNK )NP (PP in (NP *UNKC )NP )PP )NP )PP )NP , -- (NP (NP $ 500,000 )NP (PP for `` (NP (NP equipment and *UNKING )NP (SBAR (S (VP to (VP (VP *UNK (NP crime )NP )VP and (VP aid (NP police *UNK )NP )VP '' (PP at (NP a Michigan park )NP )PP )VP )VP )S )SBAR )NP )PP )NP . -- (NP (NP (NP $ *UNKN )NP (PP for `` (NP (NP integrated urban data )NP (VP based (PP in (NP seven cities )NP )PP )VP )NP . '' )PP )NP (PRN (NP No other details )NP )PRN )NP . -- (NP (NP $ *UNKN )NP (PP for (NP (NP a (NX (NX *UNK )NX and (NX *UNK center )NX )NX )NP (PP at (NP (NP *UNKC Island )NP , (NP *UNKC )NP )NP )PP )NP )PP )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Rep. *UNKC )NP (ADVP recently )ADVP (VP purchased (NP (NP an *UNKED building lot )NP (PP on (NP the island )NP )PP )NP )VP . )S  STOP
(S (NP This )NP (VP is (VP (ADVP slightly )ADVP *UNKED (PP from (NP (NP remarks )NP (NP Oct. 7 )NP (PP by (NP former (NAC Secretary (PP of (NP State )NP )PP )NAC George P. *UNKC )NP )PP (PP to (NP (NP an *UNK gathering )NP (PP at (NP (NP the *UNKC Business School )NP , (SBAR (WHADVP where )WHADVP (S (NP he )NP (VP has (VP returned (PP to (NP the *UNK )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )PP )VP )VP : )S  STOP
(S (NP I )NP (VP was (VP struck (ADVP (NP (NP a couple )NP (PP of (NP years )NP )PP )NP ago )ADVP (PP by (NP (NP the *UNK- effort )NP (PP in (NP the *UNKC )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP We )NP (VP had (VP *UNKED (PP during (NP the year )NP )PP (NP (NP an estimated (QP $ 5 billion )QP )NP (NP street value )NP (PP of (NP *UNK )NP )PP )NP )VP )VP . )S  STOP
(S (NP I )NP (VP do n't (VP know (SBAR (WHNP how much )WHNP (S (VP got (ADVP through )ADVP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Nobody )NP (VP has (NP any *UNK estimate )NP )VP . )S  STOP
(S (NP (NP The GNP )NP (PP of (NP the *UNKC )NP )PP )NP (VP is (ADVP probably )ADVP (NP (QP somewhere between one and two billion )QP dollars )NP )VP . )S  STOP
(S (ADVP So )ADVP (NP you )NP (VP get (NP (NP an idea )NP (PP of (NP (NP the leverage )NP (ADVP there and elsewhere )ADVP (SBAR (WHNP that )WHNP (S (NP (NP our market )NP (PP for (NP drugs )NP )PP )NP (VP has (VP brought (PP about )PP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP I )NP (VP welcome (NP (NP the emphasis )NP (SBAR (WHNP that )WHNP (S (VP is (ADVP now )ADVP (VP being (VP put (PP on (NP the drug problem )NP )PP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP The efforts (S (S (VP to (VP (VP get (PP to (NP (NP the people )NP (SBAR (WHNP who )WHNP (S (VP are (ADJP *UNKED )ADJP )VP )S )SBAR )NP )PP )VP , (VP try (S (VP to (VP *UNK (NP them )NP )VP )VP )S )VP )VP )VP )S ; (S (SBAR if (S (NP they )NP (VP can not (VP be (VP *UNKED )VP )VP )VP )S )SBAR , (PP at least )PP (VP to (VP contain (NP them )NP )VP )VP )S ; (S (VP to (VP *UNK (NP people )NP )VP )VP )S , (S (VP to (VP (ADVP strongly )ADVP *UNK (NP (NP use )NP (PP of (NP drugs )NP )PP (PP by (NP (NP people )NP (SBAR (WHNP who )WHNP (S (VP are (NP (NP *UNK users )NP and (NP first users )NP )NP )VP )S )SBAR )NP )PP )NP )VP )VP )S , (S (VP to (VP stop (NP this process )NP (PP among (NP the young )NP )PP )VP )VP )S )S )NP -- (NP (NP all )NP (PP of (NP these things )NP )PP )NP )NP (PRN (S (NP I )NP (VP think )VP )S )PRN (VP are (ADJP extremely important )ADJP )VP . )S  STOP
(S But , (NP I )NP (VP have (S (VP to (VP tell (NP you )NP (SBAR that (S (NP it )NP (VP seems (PP to (NP me )NP )PP (SBAR that (S (S (NP (NP the *UNK base )NP (PP of (NP the current program )NP )PP )NP (VP is (ADJP *UNKED )ADJP )VP )S and (S (NP the program )NP (VP is not (ADJP likely (S (VP to (VP work )VP )VP )S )ADJP )VP )S )S )SBAR )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP (NP The *UNK base )NP -- (NP a *UNK- approach )NP -- )NP (VP is (NP (NP the same )NP (SBAR (WHNP that )WHNP (S (NP I )NP (VP have (VP worked (PP through )PP (ADVP before )ADVP , (PP in (NP (NP the Nixon administration )NP (SBAR (WHADVP when )WHADVP (S (NP I )NP (VP was (NP (NP (NP budget director )NP and (NP (NP secretary )NP (PP of (NP the treasury )NP )PP )NP )NP (PP with (NP (NP *UNK )NP (PP over (NP the *UNKC )NP )PP )NP )PP )NP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP We )NP (VP designed (NP a comprehensive program )NP )VP )S , and (S (NP we )NP (VP worked (ADVP hard )ADVP (PP on (NP it )NP )PP )VP )S . )S  STOP
(S (S (PP In (NP the Reagan administration )NP )PP (NP we )NP (VP designed (NP a comprehensive program )NP )VP )S ; (S (NP we )NP (VP worked (ADVP very hard )ADVP (PP on (NP it )NP )PP )VP )S . )S  STOP
(S (NP Our international efforts )NP (VP were (ADJP far greater (PP than (ADVP ever before )ADVP )PP )ADJP )VP . )S  STOP
(S (S (NP You )NP (VP 're (VP looking (PP at (NP (NP a guy )NP (SBAR (WHNP whose *UNK )WHNP (S (VP was (VP attacked (PP in (NP *UNKC )NP )PP (PP by (NP the drug *UNK )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S , so (S (NP I )NP (VP 'm (ADVP personally )ADVP (NP (NP a veteran )NP (PP of (NP this war )NP )PP )NP )VP )S . )S  STOP
(S (SBAR (WHNP What )WHNP (S (NP we )NP (VP have (PP before (NP us )NP )PP (ADVP now )ADVP )VP )S )SBAR (VP is (NP (NP essentially the same program )NP (FRAG but (PP with (NP (NP more resources )NP (VP *UNKED (PP into (NP (NP all )NP (PP of (NP the efforts (S (VP to (VP *UNK and control )VP )VP )S )NP )PP )NP )PP )VP )NP )PP )FRAG )NP )VP . )S  STOP
(S (NP These efforts )NP (VP wind (PRT up )PRT (S (VP creating (NP (NP a market )NP (SBAR (WHADVP where )WHADVP (S (NP the price )NP (VP (ADVP *UNKLY )ADVP exceeds (NP the cost )NP )VP )S )SBAR )NP )VP )S )VP . )S  STOP
(S (PP With (NP these incentives )NP )PP , (NP demand )NP (VP creates (NP (NP its own supply )NP and (NP (NP a criminal network )NP (PP along (PP with (NP it )NP )PP )PP )NP )NP )VP . )S  STOP
(S (NP It )NP (VP seems (PP to (NP me )NP )PP (SBAR (S (NP we )NP (VP 're not (VP (ADVP really )ADVP going (S (VP to (VP get (ADVP anywhere )ADVP (SBAR until (S (NP we )NP (VP can (VP (VP take (NP the *UNK )NP (PP out (PP of (NP the drug business )NP )PP )PP )VP and (VP (NP (NP the incentives )NP (PP for (NP *UNK )NP )PP )NP (PP out (PP of (NP it )NP )PP )PP )VP )VP )VP )S )SBAR )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP (NP the only way )NP (SBAR (S (NP I )NP (VP can (VP think (PP of )PP )VP )VP )S )SBAR (SBAR (S (VP to (VP accomplish (NP this )NP )VP )VP )S )SBAR )NP (VP is (S (VP to (VP make (S (NP (NP it )NP )NP (ADJP possible )ADJP (SBAR for (S (NP *UNK )NP (VP to (VP buy (NP drugs )NP (PP at (NP some regulated place )NP )PP (PP at (NP (NP a price )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP their cost )NP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )S )VP )VP )S )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP you )NP (VP do (NP that )NP )VP )S )SBAR (NP you )NP (VP *UNK (PRT out )PRT (NP (NP the criminal incentives )NP , (PP including (PRN , (S (NP I )NP (VP might (VP say )VP )VP )S , )PRN (NP (NP the incentive )NP (SBAR (WHNP that )WHNP (S (NP the drug *UNK )NP (VP have )VP )S )SBAR (S (VP to (VP (VP go (PRT around )PRT )VP and (VP get (S (NP kids )NP (ADJP *UNKED )ADJP )S )VP , (SBAR so that (S (NP they )NP (VP create (NP a market )NP (PP for (NP themselves )NP )PP )VP )S )SBAR )VP )VP )S )NP )PP )NP )VP . )S  STOP
(S (NP They )NP (VP wo n't (VP have (NP that incentive )NP (SBAR because (S (NP they )NP (VP wo n't (VP have (NP that market )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP So )ADVP (NP I )NP (VP think (SBAR (S (NP the *UNK base )NP (VP needs (S (VP to (VP be (VP thought (PRT out )PRT (PP in (NP a different way )NP )PP )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (SBAR If (S (NP I )NP (VP am (VP *UNKING (NP your attention )NP )VP )VP )S )SBAR , (ADVP then )ADVP (VP read (NP (NP a bold and *UNK article )NP (PP in (NP (NP (NP this September 's )NP issue )NP (PP of (NP Science )NP )PP )NP )PP (PP by (NP *UNKC *UNKC )NP )PP (PP on (NP this subject )NP )PP )NP )VP . )S  STOP
(S (NP We )NP (VP need (PP at least )PP (S (VP to (VP consider and examine (NP (NP forms )NP (PP of (NP (NP controlled *UNK )NP (PP of (NP drugs )NP )PP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP I )NP (VP find (S (NP (NP it )NP )NP (ADJP very difficult )ADJP (S (VP to (VP say (NP that )NP )VP )VP )S )S )VP . )S  STOP
(S (ADVP Sometimes )ADVP (PP at (NP a reception or *UNK party )NP )PP (S (NP I )NP (VP advance (NP these views )NP )VP )S and (S (NP people )NP (VP head (PP for (NP (NP somebody )NP else )NP )PP )VP )S . )S  STOP
(S (NP They )NP (VP do n't (ADVP even )ADVP (VP want (S (VP to (VP talk (PP to (NP you )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP I )NP (VP know (SBAR that (S (NP I )NP (VP 'm (VP *UNKING (PP into (NP the *UNK )NP )PP (ADVP here )ADVP (ADVP as far (PP as (SBAR (WHNP what )WHNP (S (NP we )NP (VP 're (VP doing (ADVP now )ADVP )VP )VP )S )SBAR )PP )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP I )NP (VP feel (SBAR that (S (SBAR if (S (NP somebody )NP (VP does n't (VP (VP get (ADVP up )ADVP )VP and (VP start (S (VP talking (PP about (NP this )NP )PP )VP )S )VP (ADVP now )ADVP )VP )VP )S )SBAR , (NP (NP the next time around )NP , (SBAR (WHADVP when )WHADVP (S (NP we )NP (VP have (NP (NP the next *UNK )NP (PP of (NP these programs )NP )PP )NP )VP )S )SBAR , )NP (NP (NP it )NP )NP (VP will (ADVP still )ADVP (VP be (ADJP true )ADJP (SBAR that (S (NP everyone )NP (VP is (ADJP scared (S (VP to (VP talk (PP about (NP it )NP )PP )VP )VP )S )ADJP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP No *UNK )NP (VP wants (S (VP to (VP say (SBAR (WHNP what )WHNP (S (NP I )NP (VP (ADVP just )ADVP (VP said )VP )VP )S )SBAR )VP )VP )S , (PP not for (NP a minute )NP )PP )VP . )S  STOP
(S (S (NP The U.S. economy )NP (VP grew (PP at (NP (NP a moderate (ADJP 2.5 % )ADJP annual rate )NP )NP )PP (PP in (NP the third quarter )NP )PP , (NP (NP the same pace )NP (PP as (NP the second quarter )NP )PP )NP , (PP despite (NP (NP the worst trade performance )NP (PP in (NP six years )NP )PP )NP )PP )VP )S , (NP the Commerce Department )NP (VP reported )VP . )S  STOP
(S (NP (NP Personal spending )NP , (VP *UNKED (PP by (NP (NP a *UNK )NP (PP of (NP automobile buying )NP )PP )NP )PP )VP , )NP (VP was (NP (NP the main *UNK )NP (PP to (NP (NP the economy 's )NP expansion )NP )PP )NP )VP . )S  STOP
(S But (NP (NP trade )NP , (NP (NP one )NP (PP of (NP (NP (NP the economy 's )NP main forces )NP (PP in (NP the past few years )NP )PP )NP )PP )NP , )NP (VP showed (NP a sharp deterioration )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP goods and services )NP )PP )NP (VP soared , (SBAR while (S (NP exports )NP (VP were (ADJP flat )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP Some economists )NP (VP found (S (NP the *UNK )NP (ADJP *UNK )ADJP )S )VP . )S  STOP
(S `` (PP For (NP the past two years )NP )PP , (NP the foreign trade sector )NP (VP has (VP been (NP (NP a major *UNK )NP (PP to (NP economic growth )NP )PP )NP )VP )VP . )S  STOP
(SINV (S (NP You )NP (VP ca n't (VP rely (ADVP now )ADVP (PP (ADVP solely )ADVP on (NP consumer spending )NP )PP (S (VP to (VP sustain (NP the economy )NP (PP on (NP a solid growth path )NP )PP )VP )VP )S )VP )VP )S , '' (VP said )VP (NP (NP Norman Robertson )NP , (NP (NP chief economist )NP (PP at (NP (NP Mellon Bank )NP (PP in (NP Pittsburgh )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (SBAR Although (S (NP the economy )NP (VP showed (NP (NP no change )NP (PP of (NP pace )NP )PP (PP from (NP the second quarter )NP )PP )NP )VP )S )SBAR , (NP many analysts )NP (VP expect (S (NP it )NP (VP to (VP slow (ADVP considerably )ADVP (PP in (NP the fourth quarter )NP )PP (SBAR as (S (NP (NP demand )NP (PP for (NP *UNK )NP )PP )NP (VP falls , (PP (ADVP partly )ADVP because of (NP (NP higher prices )NP (PP on (NP (NP models )NP (VP introduced (NP last month )NP )VP )NP )PP )NP )PP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP Many economists )NP (VP think (SBAR (S (NP (NP the rise )NP (PP in (NP (NP the value )NP (PP of (NP the U.S. dollar )NP )PP )NP )PP (NP this year )NP )NP (VP will (VP (ADVP further )ADVP *UNK (NP (NP progress )NP (PP in (NP trade )NP )PP )NP , (SBAR because (S (NP it )NP (VP makes (S (S (NP exports )NP (ADJP more expensive )ADJP )S and (S (NP imports )NP (ADJP cheaper )ADJP )S )S )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S And (NP (NP business investment )NP -- (SBAR (WHNP which )WHNP (S (VP slowed (PP in (NP the third quarter )NP )PP , (PP according (PP to (NP (NP yesterday 's )NP report )NP )PP )PP )VP )S )SBAR -- )NP (VP is (VP expected (S (VP to (VP continue (S (VP to (VP be (ADJP sluggish )ADJP )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP A sharp reduction )NP (PP in (NP inflation )NP )PP )NP (VP was (ADVP by far )ADVP (NP (NP the *UNK spot )NP (PP in (NP (NP the report )NP (PP on (NP (NP the real gross national product )NP -- (NP (NP the inflation-adjusted market value )NP (PP of (NP (NP all the goods and services )NP (SBAR (S (NP the economy )NP (VP produced )VP )S )SBAR )NP )PP )NP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP An inflation gauge )NP (SBAR (WHNP that )WHNP (S (VP measures (NP (NP the quarterly change )NP (PP in (NP (NP prices )NP (PP of (NP (NP an array )NP (PP of (NP goods and services )NP )PP )NP )PP )NP )PP )NP )VP )S )SBAR )NP (VP slowed (NP its growth )NP (PP to (NP a (ADJP 2.9 % )ADJP annual rate )NP (PP in (NP the third quarter )NP )PP )PP (PP from (NP 5 % )NP (PP in (NP the second )NP )PP )PP )VP . )S  STOP
(S (S (NP (NP Much )NP (PP of (NP the *UNK )NP )PP )NP (VP came (PP from (NP (NP declining energy prices )NP , (SBAR (WHNP which )WHNP (S (VP have (ADVP since )ADVP (VP turned (PRT up )PRT (NP a bit )NP )VP )VP )S )SBAR )NP )PP )VP )S , (NP analysts )NP (VP said )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP (NP Michael *UNKC )NP , (NP (NP *UNK )NP (PP for (NP economic affairs )NP )PP (PP at (NP the Commerce Department )NP )PP )NP , )NP (VP said (SBAR (S (NP inflation )NP (ADVP probably )ADVP (VP will (VP edge (ADVP up )ADVP (PP from (NP the third-quarter rate )NP )PP (PP in (NP (NP the final three months )NP (PP of (NP 1989 )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP he )NP (VP said (SBAR (S (NP he )NP (VP believes (SBAR (S (NP (NP the second quarter 's )NP 5 % rate )NP `` (VP will (VP prove (S (VP to (VP have (VP been (NP (NP this year 's )NP peak quarterly inflation rate )NP )VP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (ADVP *UNKLY )ADVP , (NP the Bush administration )NP (VP expressed (NP (NP satisfaction )NP (PP with (NP (NP the economy 's )NP progress )NP )PP )NP (SBAR as (S (NP it )NP (VP heads (PP into (NP (NP its *UNK year )NP (PP of (NP sustained growth )NP )PP )NP )PP (PP next (NP month )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Treasury Secretary Nicholas Brady )NP (VP called (S (NP the 2.5 % pace )NP (NP `` (ADJP good , solid )ADJP growth )NP )S , '' (SBAR although (S (NP he )NP (VP said (SBAR (S (NP he )NP (VP expects (S (NP the expansion )NP (VP to (VP slow (PP in (NP the fourth quarter )NP )PP )VP )VP )S )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP added : `` (S (S (NP *UNKC )NP (VP is (ADJP (ADJP lower )ADJP (SBAR than (S (NP I )NP (VP think (SBAR (S (NP people )NP (VP expected (S (NP it )NP (VP to (VP be )VP )VP )S )VP )S )SBAR )VP )S )SBAR )ADJP )VP )S , and (S (NP I )NP (VP think (SBAR (S (NP that )NP (VP 's (NP good news )NP )VP )S )SBAR )VP )S )S )VP . '' )S  STOP
(S But (NP administration officials )NP (VP were (ADJP concerned (PP over (NP (NP the bleak trade report )NP , (SBAR (WHNP which )WHNP (S (VP showed (S (NP (NP the deficit )NP (PP in (NP (NP (NP the country 's )NP trade )NP (PP of (NP goods and services )NP )PP )NP )PP )NP (VP *UNKING (PP to (NP a (ADJP (QP $ 74 billion )QP )ADJP annual rate )NP (PP in (NP the third quarter )NP )PP )PP (PP from (NP a (ADJP (QP $ 51 billion )QP )ADJP rate )NP (PP in (NP the second quarter )NP )PP )PP )VP )S )VP )S )SBAR )NP )PP )ADJP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP (VP called (S (NP it )NP (NP a `` disappointment '' )NP )S )VP but (VP predicted (SBAR (S (NP exports )NP (VP will (VP pick (ADVP up )ADVP (ADVP again )ADVP )VP )VP )S )SBAR )VP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP were (ADJP *UNKED (PP for (NP (NP the deterioration )NP (PP in (NP net exports )NP )PP )NP )PP )ADJP )VP )S , '' (VP said )VP (NP (NP Daniel Van *UNKC )NP , (NP (NP vice president )NP (PP of (NP U.S. forecasting )NP )PP (PP at (NP (NP (NP Bank )NP (PP of (NP America )NP )PP )NP (PP in (NP San Francisco )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (S (NP I )NP (VP ca n't (VP believe (SBAR (S (NP it )NP (VP will (VP continue )VP )VP )S )SBAR )VP )VP )S , '' (NP he )NP (VP added , (S (VP noting (SBAR that (S (S (NP (NP the economies )NP (PP of (NP (NP the country 's )NP major trading partners )NP )PP )NP (VP are (ADJP strong )ADJP )VP )S and (S (NP (NP prices )NP (PP of (NP U.S. products )NP )PP )NP (VP are (ADVP still )ADVP (ADJP competitive )ADJP )VP )S )S )SBAR )VP )S )VP . )S  STOP
(S (NP Some analysts )NP (ADVP also )ADVP (VP were (VP *UNKED (PP by (NP (NP a pickup )NP (PP in (NP (NP the growth )NP (PP of (NP business inventories )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (SBAR While (S (NP (NP a *UNK )NP (PP of (NP these stocks )NP )PP )NP (VP adds (PP to (NP GNP )NP )PP )VP )S )SBAR , (NP it )NP (VP can (VP hurt (NP the economy )NP (SBAR because (S (NP (NP a *UNK )NP (PP of (NP *UNK goods )NP )PP )NP (VP can (VP lead (PP to (NP (NP production cuts )NP and (NP *UNK )NP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP According (PP to (NP the report )NP )PP )PP , (NP (NP inventories )NP (PP outside (NP the farm sector )NP )PP )NP (VP grew (PP at (NP (NP an annual rate )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP )PP (PP in (NP the third quarter )NP )PP , (ADVP up (PP from (NP a (ADJP (QP $ *UNKN billion )QP )ADJP pace )NP (PP in (NP the second quarter )NP )PP )PP )ADVP )VP . )S  STOP
(S (NP (NP Manufacturers ' )NP stocks )NP (VP *UNKED (PP at (NP an (ADJP (QP $ *UNKN billion )QP )ADJP annual rate )NP )PP , (ADVP up (PP from (NP (QP $ 8.3 billion )QP )NP )PP )ADVP )VP . )S  STOP
(SINV `` (S (NP That )NP (VP suggests (SBAR (S (NP there )NP (VP is (NP (NP a (ADJP little more )ADJP inventory *UNK )NP (SBAR than (S (NP some people )NP (VP expected )VP )S )SBAR )NP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP Edward *UNKC )NP , (NP (NP senior financial economist )NP (PP at (NP (NP Continental Bank )NP (PP in (NP Chicago )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP I )NP (VP do n't (VP think (SBAR (S (NP it )NP (VP 's (NP (NP anything )NP (SBAR (WHNP that )WHNP (S (VP 's (VP going (S (VP to (VP cause (NP (NP a downturn )NP (PP in (NP economic activity )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP . )S  STOP
(S But (NP it )NP (VP will (VP slow (NP production )NP )VP )VP . '' )S  STOP
(S (S (S (NP (NP *UNKC )NP (PP from (NP (NP Hurricane Hugo )NP , (SBAR (WHNP which )WHNP (S (VP *UNKED (PP into (NP the *UNKC coast )NP )PP (PP in (NP late September )NP )PP )VP )S )SBAR , )NP )PP )NP (VP diminished (NP personal income )NP (PP by (NP (QP about $ 4 billion )QP )NP )PP )VP )S , (NP the department )NP (VP said )VP )S , but (S (NP it )NP (VP called (S (NP (NP the effect )NP (PP on (NP the (ADJP (QP roughly $ 5 trillion )QP )ADJP economy )NP )PP )NP (ADJP `` *UNK )ADJP )S )VP )S . '' )S  STOP
(S (PP *UNKC (PP for (NP (NP the loss )NP (PP from (NP the hurricane )NP )PP )NP )PP )PP , (NP all the figures )NP (VP were (VP adjusted (PP for (NP (NP seasonal factors )NP and (NP inflation )NP )NP )PP )VP )VP . )S  STOP
(SINV (NP Here )NP (VP are )VP (NP (NP some )NP (PP of (NP (NP the major components )NP (PP of (NP the gross national product )NP )PP )NP )PP (VP expressed (PP in (NP (ADJP seasonally adjusted )ADJP annual rates )NP )PP (PP in (NP (NP billions )NP (PP of (NP constant (PRN -LRB- 1982 -RRB- )PRN dollars )NP )PP )NP )PP )VP )NP : )SINV  STOP
(S (PP In (NP the third quarter )NP )PP , (NP the *UNK price *UNK )NP (VP fell (PP to (NP (NP 2.9 % )NP (PP of (NP the 1982 average )NP )PP )NP )PP , (PP from (NP 4.6 % )NP (PP in (NP the previous quarter )NP )PP )PP )VP . )S  STOP
(S (NP *UNKC Corp. )NP (VP received (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP contract )NP (PP by (NP the U.S. Air Force )NP )PP (PP for (NP (NP production *UNKING and test equipment )NP (PP for (NP the *UNKC *UNKC *UNK- missile )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The contract )NP (VP (VP provides (NP additional equipment )NP (PP for (NP (NP Northrop )NP , (NP (NP the prime contractor )NP (PP on (NP the missile )NP )PP )NP , )NP )PP )VP and (VP (ADVP also )ADVP supports (NP (NP a 1990 purchase )NP (PP of (NP (NP 90 *UNK )NP (PP for (NP *UNK- flight tests )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP General Motors Corp. 's )NP Chevrolet division )NP (VP said (SBAR (S (NP it )NP (VP is (VP offering (NP (NP (ADJP $ 750 )ADJP cash incentives )NP (PP on (NP (NP all 1990 models )NP (PP of (NP its *UNK- *UNKC and *UNKC truck lines )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Chevrolet )NP (ADVP already )ADVP (VP has (NP (NP cash incentives )NP (PP on (NP (NP the 1989 models )NP (PP of (NP these vehicles )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Hudson 's )NP Bay Co. )NP (VP announced (NP (NP terms )NP (PP of (NP (NP a (ADJP previously proposed )ADJP rights issue )NP (SBAR (WHNP that )WHNP (S (VP is (VP expected (S (VP to (VP raise (NP (NP (NP (QP about *UNKN million )QP Canadian dollars )NP (PRN -LRB- (NP (QP US$ *UNKN million )QP )NP -RRB- )PRN )NP (NP net )NP (PP of (NP expenses )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP Proceeds )NP (PP of (NP the offering )NP )PP )NP (VP will (VP be (VP used (S (S (VP to (VP redeem (NP (NP (QP C$ *UNKN million )QP )NP (PP of (NP preferred shares )NP )PP )NP )VP )VP )S and (S (VP to (VP reduce (NP short-term debt )NP )VP )VP )S )S )VP )VP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP (NP Canada 's )NP largest department store operator )NP (VP said (SBAR (S (NP the rights offering )NP (VP will (VP *UNK (S (NP (NP holders )NP (PP of (NP its ordinary shares )NP )PP , (PP except (NP (NP residents )NP (PP in (NP (NP the U.S. )NP and (NP Britain )NP )NP )PP )NP )PP , )NP (VP to (VP *UNK (PP for (NP (NP two additional shares )NP (PP for (NP (NP every five shares )NP (VP held )VP )NP )PP )NP )PP (PP at (NP (NP a price )NP (PP of (NP (NP C$ *UNKN )NP (NP a share )NP )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The record date )NP (VP is (NP Nov. 9 )NP )VP . )S  STOP
(S (NP The company )NP (VP has (NP (NP (QP about 31 million )QP ordinary shares )NP (ADJP outstanding )ADJP )NP )VP . )S  STOP
(S (PP On (NP the Toronto Stock Exchange )NP )PP , (NP (NP Hudson 's )NP Bay shares )NP (VP closed (PP at (NP C$ 35 )NP )PP , (ADVP up (NP 12.5 cents )NP )ADVP )VP . )S  STOP
(S (NP (NP Hudson 's )NP Bay )NP (VP said (SBAR that (S (NP (NP *UNKC Co. )NP , (SBAR (WHNP which )WHNP (S (VP (ADVP currently )ADVP holds (NP (NP (QP about 77 )QP % )NP (PP of (NP the ordinary shares )NP )PP )NP )VP )S )SBAR , )NP (VP will (VP *UNK (PP (PP for (NP (NP all the shares )NP (SBAR (WHPP to (WHNP which )WHNP )WHPP (S (NP it )NP (VP is (VP *UNKED )VP )VP )S )SBAR )NP )PP and (PP for (NP (NP any shares )NP (SBAR (WHNP that )WHNP (S (VP are n't (VP (ADVP otherwise )ADVP taken (PP up )PP )VP )VP )S )SBAR )NP )PP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP is (NP (NP a holding company )NP (VP owned (PP by (NP (NP Toronto 's )NP Thomson family )NP )PP )VP )NP )VP . )S  STOP
(S (NP (NP Hudson 's )NP Bay )NP (VP said (SBAR (S (NP it )NP (VP will (VP redeem (NP (QP 9.5 million )QP Series *UNK preferred shares )NP (PP on (NP Oct. 31 )NP )PP (PP at (NP (NP a price )NP (PP of (NP (NP C$ *UNKN )NP (NP each )NP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The move )NP (VP was (VP approved (PP at (NP (NP a special shareholders ' )NP meeting )NP )PP (NP yesterday )NP )VP )VP . )S  STOP
(S (NP (NP Gary *UNKC )NP , (NP chief financial officer )NP , )NP (VP said (SBAR (S (NP (NP redemption )NP (PP of (NP (NP the preferred shares )NP , (VP (ADVP originally )ADVP issued (PP at (NP (NP C$ 25 )NP (NP each )NP )NP )PP )VP , )NP )PP )NP (VP will (VP eliminate (NP (NP dividend payments )NP (PP of (NP (NP (QP C$ *UNKN million )QP )NP (ADVP annually )ADVP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Technology Corp. )NP (VP was (NP (NP one )NP (PP of (NP (NP the *UNKING small companies )NP (PP in (NP America )NP )PP )NP )PP )NP -- (PP until (NP last year )NP )PP )VP . )S  STOP
(S (NP The (NP (NP *UNKC )NP , (NP Va. )NP , )NP company )NP (VP *UNK (NP computers )NP (S (VP to (VP keep (S (NP sensitive military data )NP (PP out (PP of (NP *UNKLY hands )NP )PP )PP )S )VP )VP )S )VP . )S  STOP
(S (PP (PP From (NP 1984 )NP )PP (PP to (NP 1987 )NP )PP )PP , (NP its earnings )NP (VP soared (ADVP *UNK- )ADVP , (PP to (NP (QP $ 3.8 million )QP )NP )PP , (PP on (NP (NP a *UNK- increase )NP (PP in (NP revenue )NP )PP , (PP to (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )VP . )S  STOP
(S But (PP in (NP 1988 )NP )PP , (NP it )NP (VP ran (PP into (NP (NP a *UNK saw )NP : (NP a Defense Department spending *UNK )NP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC 's )NP earnings )NP (VP plunged (NP 70 % )NP (PP to (NP (QP $ 1.2 million )QP )NP )PP )VP . )S  STOP
(S (NP The troubles )NP (VP continued (PP in (NP (NP (NP this year 's )NP first half )NP , (SBAR (WHADVP when )WHADVP (S (NP profit )NP (VP plunged (NP 81 % )NP (PP to (NP $ *UNKN )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP *UNKC Technology )NP (VP is (NP (NP one )NP (PP of (NP (NP many small defense contractors )NP (VP *UNKED (PP by (NP (NP the slowdown )NP (PP in (NP defense spending )NP )PP )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(S (PP Unlike (NP (NP larger contractors )NP (PP with (NP (NP a (ADJP broad enough )ADJP base )NP (SBAR (S (VP to (VP weather (NP the downturn )NP (ADVP easily )ADVP )VP )VP )S )SBAR )NP )PP )NP )PP , (NP these companies )NP (VP are (VP suffering (NP (NP big drops )NP (PP in (NP business )NP )PP )NP (SBAR as (S (NP (NP *UNK- specialty *UNK )NP (PP in (NP the massive military market )NP )PP )NP (VP (VP erode )VP or (VP (ADVP even )ADVP *UNK )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Companies )NP (SBAR (WHNP that )WHNP (S (ADVP only recently )ADVP (VP were (VP *UNKING )VP )VP )S )SBAR )NP (VP find (S (NP themselves )NP (VP *UNKING (S (VP to (VP survive )VP )VP )S )VP )S )VP . )S  STOP
(S (SBAR As (S (NP their *UNKED strategies )NP (VP suggest )VP )S )SBAR , (NP there )NP (VP is (NP (NP (QP more than one )QP way )NP (SBAR (S (VP to (VP respond (PP to (NP a disaster )NP )PP )VP )VP )S )SBAR )NP -- (SBAR though (S (NP it )NP (VP 's (ADVP too soon (S (VP to (VP tell (SBAR whether (S (NP the changes )NP (VP will (VP pay (PRT off )PRT )VP )VP )S )SBAR )VP )VP )S )ADVP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP many companies )NP )PP , (NP the *UNK first response )NP (VP is (S (VP to (VP cut (NP costs )NP )VP )VP )S )VP . )S  STOP
(S (NP Others )NP (VP are (VP trying (S (VP to (VP find (NP (NP (NP specialty defense work )NP (VP *UNKED (PP by (NP the slowdown )NP )PP )VP )NP or (NP (NP new *UNK )NP (VP created (PP by (NP *UNKING )NP )PP )VP )NP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (ADJP More *UNK )ADJP businesses )NP (VP are (VP *UNKING (NP their skills )NP (PP in (NP commercial fields )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC International Inc. )NP , (SBAR (WHNP which )WHNP (S (VP provides (NP professional and technical services )NP (PP to (NP the military )NP )PP )VP )S )SBAR , )NP (VP is (VP (VP refining (NP its defense niche )NP )VP , (VP not *UNKING (PP from (NP it )NP )PP )VP )VP )VP . )S  STOP
(S (PP After (S (VP *UNKING (NP annual earnings )NP (PP over (NP four years )NP )PP (PP to (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP 1988 )NP )PP )NP )PP )VP )S )PP , (NP the (NP (NP *UNKC )NP , (NP Va. )NP , )NP company )NP , (VP posted (NP (NP a (ADJP 23 % )ADJP drop )NP (PP in (NP earnings )NP )PP (PP for (NP (NP this year 's )NP first half )NP )PP )NP )VP . )S  STOP
(S (PP In (NP the belief (SBAR that (S (NP (NP development )NP (PP of (NP advanced military technology )NP )PP )NP (VP will (VP remain (NP a top Defense Department priority )NP )VP )VP )S )SBAR )NP )PP , (NP *UNKC )NP (NP last year )NP (VP acquired (NP (NP *UNKC *UNKC Associates )NP , (NP (NP a technical and scientific analysis company )NP (PP with (NP (NP contracts )NP (PP under (NP the *UNKC Defense *UNKC )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (SBAR While (S (NP the SDI *UNK- program )NP (VP (ADVP recently )ADVP awarded (NP *UNKC *UNKC )NP (NP (NP two contracts )NP (VP totaling (NP (QP $ *UNKN million )QP )NP )VP )NP )VP )S )SBAR , (NP (NP (NP *UNKC 's )NP chairman and founder )NP , (NP Jack *UNKC )NP , )NP (VP says (SBAR (S (NP he )NP (VP bought (NP the company )NP (ADVP `` more (PP for (NP its technology )NP )PP (PP than (NP its customer )NP )PP )ADVP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP (NP *UNKC Inc. )NP , (NP an (NP (NP *UNKC )NP , (NP Md. )NP )NP , contractor )NP )NP (SBAR (WHNP that )WHNP (S (VP earned (NP (QP $ *UNKN million )QP )NP (PP on (NP (NP revenue )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP (PP in (NP 1988 )NP )PP )VP )S )SBAR , )NP (VP has (VP gone (ADVP even further (PP in (S (VP *UNKING (NP its military business )NP )VP )S )PP )ADVP )VP )VP . )S  STOP
(S (SBAR As (S (NP (NP orders )NP (PP for (NP its aircraft and *UNK parts )NP )PP )NP (VP *UNKED )VP )S )SBAR , (NP (NP three years )NP (PP of (NP steady growth )NP )PP )NP (VP ended (PP with (NP (NP a (ADJP 69 % )ADJP drop )NP (PP in (NP income )NP )PP )NP )PP (PP in (NP (NP this year 's )NP first half )NP )PP )VP . )S  STOP
(UCP (S (NP The company )NP (VP hit (PP on (NP a new strategy )NP )PP )VP )S : (SBAR (SBAR If (S (NP the Defense Department )NP (VP is (ADJP so intent (PP on (S (VP saving (NP money )NP )VP )S )PP )ADJP )VP )S )SBAR , why not (S (VP make (NP money )NP (PP off (NP that trend )NP )PP )VP )S )SBAR ? )UCP  STOP
(FRAG (PP Among (NP (NP the company 's )NP current efforts )NP )PP : (S (VP *UNKING (NP old parts )NP (PP at (NP (NP 25 % )NP (PP of (NP (NP the cost )NP (PP of (S (VP replacing (NP them )NP )VP )S )PP )NP )PP )NP )PP )VP )S . )FRAG  STOP
(S (NP *UNKC )NP (ADVP also )ADVP (VP is (VP selling (NP new parts )NP , (SBAR if (S (VP needed )VP )S )SBAR , (ADVP directly )ADVP (PP to (NP the military )NP )PP (PP instead of (PP through (NP a prime contractor )NP )PP )PP )VP )VP . )S  STOP
(S (PP At (NP (NP as little )NP (PP as (NP (NP one-third )NP (PP of (NP (NP the government 's )NP cost )NP )PP )NP )PP )NP )PP , (NP the company )NP (VP is (VP running (NP (NP a program )NP (SBAR (S (VP to (VP train (NP Army helicopter pilots )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP It )NP (VP is (ADVP also )ADVP (VP taking (PRT over )PRT (NP (NP the maintenance )NP (PP of (NP certain Navy aircraft )NP )PP )NP (PP with (NP (NP (ADJP 40 % )ADJP fewer people )NP (SBAR than (S (NP the military )NP (VP used )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (PP In (NP another approach )NP )PP , (NP tiny Iverson Technology )NP (VP is (VP trying (S (VP to (VP resume (NP its growth )NP (PP by (S (VP *UNKING (NP (NP the new world )NP (PP of (NP commercial products )NP )PP )NP )VP )S )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Donald Iverson )NP , (NP chairman )NP , )NP (VP says (SBAR (S (NP he )NP (VP hopes (SBAR (S (NP the company )NP (VP can (ADVP eventually )ADVP (VP get (NP (NP (QP up to half )QP )NP (PP of (NP its revenue )NP )PP )NP (PP from (NP commercial markets )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP now )NP )PP (PRN , (S (NP he )NP (VP says )VP )S , `` )PRN (NP we )NP (VP 're (VP looking (PP at (S (VP buying (NP (NP some small companies )NP (PP with (NP (NP niche markets )NP (PP in (NP the *UNK- business )NP )PP )NP )PP )NP )VP )S )PP )VP )VP . '' )S  STOP
(S (ADVP Earlier (NP this month )NP )ADVP , (NP Mr. Iverson )NP (VP agreed (S (VP to (VP buy (NP (NP exclusive rights )NP (PP to (NP (NP a software system )NP (VP developed (PP by (NP (NP *UNKC Systems Inc. )NP , (NP *UNKC Lake City )NP )NP )PP )VP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP The product )NP (VP *UNK (NP (NP an array )NP (PP of (NP (NP functions )NP (VP performed (PP at (NP (ADJP small to *UNK- )ADJP printing companies )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(S (NP Mr. Iverson )NP (VP says (SBAR (S (NP there )NP (VP are (NP (NP 5,000 potential customers )NP (PP for (NP the software )NP )PP )NP (PP in (NP (NP the (NP (NP Washington )NP , (NP D.C. )NP , )NP area )NP (ADVP alone )ADVP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC Inc. )NP , (NP (NP *UNKC Church )NP , (NP Va. )NP , )NP )NP (ADVP also )ADVP (VP has (VP acquired (NP some companies )NP (PP outside (NP the military market )NP )PP )VP )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP it )NP (VP 's (VP trying (S (VP to (VP transfer (NP (NP its *UNK )NP (PP at (S (VP *UNKING (NP military equipment )NP )VP )S )PP )NP (PP to (NP commercial ventures )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP A partnership )NP (PP with (NP (NP a (NP (NP *UNKC )NP , (NP Va. )NP , )NP unit )NP (PP of (NP Shell Oil Co. )NP )PP )NP )PP )NP (ADVP recently )ADVP (VP *UNKED (NP (NP a process )NP (PP for (S (VP producing (NP (NP plastic food *UNK )NP (SBAR (WHNP that )WHNP (S (VP wo n't (VP *UNK (PP in (NP *UNK *UNK )NP )PP )VP )VP )S )SBAR )NP )VP )S )PP )NP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP 're (VP trying (S (VP to (VP (VP take (NP (NP the *UNK and talent )NP (PP of (NP our engineers )NP )PP )NP )VP and (VP come (ADVP up )ADVP (PP with (NP (NP new processes )NP (PP for (NP industry )NP )PP )NP )PP )VP )VP )VP )S )VP )VP )S , '' (VP says )VP (NP (NP Vincent *UNKC )NP , (NP (NP *UNKC 's )NP chief executive )NP )NP . )SINV  STOP
(S `` (NP It )NP (VP is (NP (NP an effort (S (VP to (VP branch (PRT out )PRT (PP from (NP the government )NP )PP )VP )VP )S )NP , (SBAR (WHNP which )WHNP (S (VP is (ADJP very difficult (PP for (NP a defense contractor )NP )PP )ADJP )VP )S )SBAR )NP )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP should (VP know )VP )VP . )S  STOP
(S (PP Instead of (S (VP helping (NP his company )NP (PP in (NP the defense spending slowdown )NP )PP )VP )S )PP , (NP (NP *UNKC Engineering Inc. )NP , (NP (NP a troubled subsidiary )NP (SBAR (WHNP that )WHNP (S (VP makes (NP wind *UNK )NP (PP for (NP the space industry )NP )PP )VP )S )SBAR )NP , )NP (VP contributed (PP to (NP (NP much )NP (PP of (NP (NP (NP *UNKC 's )NP (ADJP (QP $ 3.3 million )QP )ADJP loss )NP (PP on (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP revenue )NP )PP )NP )PP (NP last year )NP )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP January )NP )PP , (NP Mr. *UNKC )NP (VP sold (NP the unit )NP )VP . )S  STOP
(S `` (S (NP It )NP (VP was (NP our first acquisition )NP )VP )S , '' (PRN (S (NP he )NP (VP says )VP )S )PRN , `` and (S (NP it )NP (VP was (NP a mistake )NP )VP )S . '' )S  STOP
(S (NP Some companies )NP (VP are (VP (VP cutting (NP costs )NP )VP and (VP hoping (PP for (NP the best )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP *UNKC Corp. )NP , (NP (NP a (NP (NP Santa *UNKC )NP , (NP Calif. )NP , )NP provider )NP (PP of (NP *UNK- and *UNK- services )NP )PP (PP to (NP the military )NP )PP )NP , )NP (VP enjoyed (NP steady growth )NP (PP until (NP this year )NP )PP )VP . )S  STOP
(S (PP Following (NP (NP a *UNKING )NP (PP of (NP earnings )NP )PP , (PP to (NP (QP $ 3.9 million )QP )NP )PP , (PP on (NP (NP a doubling )NP (PP of (NP revenue )NP )PP , (PP to (NP (QP $ *UNKN million )QP )NP )PP , )NP )PP (PP over (NP four years )NP )PP )NP )PP , (NP (NP earnings )NP (PP in (NP (NP (NP the company 's )NP fiscal first quarter )NP , (SBAR (WHNP which )WHNP (S (VP ended (NP June 30 )NP )VP )S )SBAR , )NP )PP )NP (VP plunged (NP 90 % )NP (PP to (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (S (NP (NP A one-time *UNK- )NP (PP for (S (VP *UNKING (NP *UNK revenue )NP )VP )S )PP )NP (VP (VP was (ADVP partly )ADVP (S (VP to (VP blame )VP )VP )S )VP )VP )S , but (S (ADVP so )ADVP (VP were )VP (NP (NP (NP lower profits )NP (PP from (NP (NP a *UNK contract )NP (PP with (NP the Army )NP )PP )NP )PP )NP and (NP (NP delays )NP (PP in (S (VP getting (VP paid )VP )VP )S )PP )NP )NP )S . )S  STOP
(SINV (S (NP *UNKC )NP (VP responded (PP by (S (VP combining (NP (NP three )NP (PP of (NP its five divisions )NP )PP )NP (S (VP to (VP (VP reduce (NP expenses )NP )VP and `` (VP bring (NP more focus )NP (PP to (NP (ADJP potentially fewer )ADJP bidding opportunities )NP )PP )VP )VP )VP )S )VP )S )PP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP *UNKC chairman )NP and (NP controlling shareholder )NP )NP )NP . )SINV  STOP
(S `` (S (NP (NP It )NP )NP (VP 's (ADJP evident )ADJP (SBAR (S (NP we )NP (VP 're (VP entering (NP a (ADJP more competitive )ADJP era )NP )VP )VP )S )SBAR )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP (NP *UNKC Corp. )NP , (NP (NP a (NP (NP *UNKC *UNKC )NP , (NP Calif. )NP , )NP defense contractor )NP (SBAR (WHNP that )WHNP (S (VP earned (NP (QP $ *UNKN million )QP )NP (PP on (NP (NP revenue )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP (PP in (NP 1988 )NP )PP )VP )S )SBAR )NP , )NP (VP provides (NP (NP a (ADJP more dramatic )ADJP example )NP (PP of (NP cost-cutting )NP )PP )NP )VP . )S  STOP
(S (NP The company )NP (VP (CONJP not only )CONJP (VP merged (NP three *UNK- manufacturing operations )NP )VP , (CONJP but also )CONJP (VP closed (NP (NP an unrelated plant )NP (SBAR (WHNP that )WHNP (S (VP makes (NP (NP *UNK devices )NP (VP used (PP in (NP (NP *UNK planes )NP and (NP *UNK )NP )NP )PP )VP )NP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP The closing )NP (VP contributed (PP to (NP (NP (NP a (ADJP (QP $ 3.4 million )QP )ADJP loss )NP (PP in (NP (NP the fiscal first quarter )NP (VP ended (NP July 31 )NP )VP )NP )PP )NP -- (NP (NP its first quarterly loss )NP (PP since (NP 1974 )NP )PP )NP )NP )PP )VP . )S  STOP
(SINV `` (S (NP Our *UNK business )NP (VP has (VP been (VP hurt (ADVP very badly )ADVP (PP by (NP the slowdown )NP )PP )VP )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP *UNKC 's )NP chairman )NP )NP . )SINV  STOP
(S `` (NP I )NP (VP would n't (VP say (SBAR (S (NP we )NP (VP 're (PP out (PP of (NP the business )NP )PP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S But (NP we )NP (VP 're not (VP making (NP (NP as many (PRN -LCB- (NP *UNK devices )NP -RCB- )PRN )NP (SBAR as (S (NP we )NP (VP used (PP to )PP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP The growing crowd )NP (PP of (NP Japanese investors )NP )PP (VP buying (PRT up )PRT (NP foreign companies )NP )VP )NP (VP are n't all (NP (NP *UNKED businessmen )NP (PP in (NP dark suits )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC Morishita )NP , (SBAR (WHNP whose art gallery )WHNP (S (NP last month )NP (VP became (NP (NP a major shareholder )NP (PP in (NP (NP *UNKC International PLC )NP , (NP the London auction house )NP )NP )PP )NP )VP )S )SBAR , )NP (VP is (NP (NP one man )NP (SBAR (WHNP who )WHNP (S (VP does n't (VP fit (NP the *UNK )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (NP Japan )NP )PP , (NP he )NP (VP 's (VP known (PP in (NP *UNK weekly magazines )NP )PP (PP as (NP (NP the `` King )NP (PP of (NP *UNKC Money )NP )PP )NP )PP )VP )VP . '' )S  STOP
(S (PP If (NP (NP nothing )NP (ADJP else )ADJP )NP )PP , (NP (NP the *UNK- 's )NP past )NP (VP has (NP (NP its share )NP (PP of (NP *UNK )NP )PP )NP )VP . )S  STOP
(S (ADVP (NP (QP Nearly 20 )QP years )NP ago )ADVP , (NP (NP Mr. Morishita )NP , (NP (NP founder and chairman )NP (PP of (NP (NP *UNKC Corp. )NP , (NP a finance company )NP )NP )PP )NP , )NP (VP received (NP a *UNK- suspended sentence )NP (PP from (NP a Tokyo court )NP )PP (PP for (S (VP *UNKING (NP (NP a *UNKING law )NP and (NP an income tax law )NP )NP )VP )S )PP )VP . )S  STOP
(S (NP He )NP (VP was (VP convicted (PP of (S (VP (VP charging (NP (NP interest rates )NP (ADJP (ADJP much higher )ADJP (PP than (SBAR (WHNP what )WHNP (S (NP the law )NP (VP permitted )VP )S )SBAR )PP )ADJP )NP )VP , and (VP attempting (S (VP to (VP *UNK (NP income taxes )NP (PP by (S (VP using (NP a double accounting system )NP )VP )S )PP )VP )VP )S )VP )VP )S )PP )VP )VP . )S  STOP
(S (NP He )NP (VP 's (VP had (NP (NP other *UNK )NP (PP with (NP the law )NP )PP )NP )VP )VP . )S  STOP
(S (NP He )NP (VP was (VP arrested (PRN , (ADVP though )ADVP not (VP indicted )VP , )PRN (PP on (NP (QP at least three )QP other occasions )NP )PP (PP in (NP the *UNK and *UNK )NP )PP : (PP (PP for (NP (NP *UNK )NP and (NP *UNK *UNK )NP )NP )PP , (PP for (NP (NP fraud )NP and (NP (NP *UNK )NP (PP of (NP private documents )NP )PP )NP )NP )PP , and (PP for (NP *UNK )NP )PP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP says (SBAR (SBAR (S (NP it )NP (VP has (VP had (NP (NP no contact )NP (PP with (NP Mr. Morishita )NP )PP )NP (PP since (NP the stock purchase )NP )PP )VP )VP )S )SBAR , but (SBAR that (S (NP it )NP (VP 's (ADJP happy (S (VP to (VP deal (PP with (NP him )NP )PP )VP )VP )S )ADJP )VP )S )SBAR )SBAR )VP . )S  STOP
(SINV `` (S (NP We )NP (VP like (S (VP to (VP make (NP (NP our own *UNK )NP '' (PP about (NP Mr. Morishita )NP )PP )NP )VP )VP )S )VP )S , (VP says )VP (NP (NP Christopher *UNKC )NP , (NP (NP *UNKC ' )NP group managing director )NP )NP . )SINV  STOP
(S `` (NP People )NP (VP have (NP a different reputation )NP (NP (NP country )NP (PP by (NP country )NP )PP )NP )VP . '' )S  STOP
(S (NP Mr. Morishita )NP (VP is (NP (NP a leading figure )NP (PP among (NP (NP Japan 's )NP *UNKN (NX (NX `` (NX *UNK )NX , '' (SBAR (WHNP which )WHNP (S (VP lend (PP to (NP small companies )NP )PP )VP )S )SBAR )NX , and (NX `` (NX *UNK )NX , '' (SBAR (WHNP which )WHNP (S (VP lend (PP to (NP individuals )NP )PP )VP )S )SBAR )NX )NX )NP )PP )NP )VP . )S  STOP
(S (NP (NP Many )NP (PP of (NP these *UNK )NP )PP )NP (VP lend (ADVP freely )ADVP , (PP (ADVP often )ADVP without (S (VP *UNKING (NP collateral )NP )VP )S )PP )VP . )S  STOP
(SINV (S But (NP (NP the interest rates )NP (SBAR (S (NP they )NP (VP charge )VP )S )SBAR )NP (VP are (ADVP often )ADVP (PP near (NP (NP Japan 's )NP (ADJP *UNKN % )ADJP legal limit )NP )PP )VP )S , (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a lawyer )NP (VP *UNKING (PP in (NP loan troubles )NP )PP )VP )NP )NP . )SINV  STOP
(S (NP *UNKC )NP (VP is (NP (NP a *UNK )NP (PRN , (S (NP Mr. *UNKC )NP (VP says )VP )S , )PRN and `` (NP (NP one )NP (PP of (NP the nasty ones )NP )PP )NP )NP )VP . '' )S  STOP
(S (PP In (S (VP *UNKING (NP that business )NP (PP in (ADJP general )ADJP )PP )VP )S )PP , (NP he )NP (VP says (SBAR that (S (SBAR (WHADVP when )WHADVP (S (NP the client )NP (VP ca n't (VP repay (NP the loan )NP )VP )VP )S )SBAR , (NP some *UNK )NP (VP `` (VP *UNK (PRT on )PRT (PP like (NP *UNK )NP )PP )VP '' and (VP (ADVP even )ADVP take (PRT over )PRT (NP (NP the client 's )NP company )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Last month )NP , (NP (NP (NP Mr. Morishita 's )NP new gallery )NP , (NP *UNKC International Ltd. )NP , )NP (VP purchased (NP (NP 6.4 % )NP (PP of (NP *UNKC )NP )PP )NP (PP for (NP (NP (QP # 33 million )QP )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP )PP )VP . )S  STOP
(S (S (VP *UNKED (PP from (NP (NP *UNKC Holdings U.K. Ltd. )NP , (NP (NP a company )NP (VP owned (PP by (NP Australian financier Robert *UNKC a Court )NP )PP )VP )NP )NP )PP )VP )S , (NP the stake )NP (VP was (ADVP apparently )ADVP (NP (NP the first )NP (PP of (NP its kind )NP )PP (PP for (NP (NP *UNKC )NP , (NP (NP an entity )NP (ADJP separate (PP from (NP *UNKC )NP )PP )ADJP )NP )NP )PP )NP )VP . )S  STOP
(S And (NP (NP the acquisition )NP , (SBAR (WHNP which )WHNP (S (VP made (S (NP *UNKC )NP (NP (NP one )NP (PP of (NP (NP *UNKC ' )NP top five shareholders )NP )PP )NP )S )VP )S )SBAR , )NP (VP left (S (NP many people )NP (VP wondering (SBAR (SBAR (WHNP who )WHNP (S (NP this man )NP (VP was )VP )S )SBAR and (SBAR (WHNP what )WHNP (S (NP his intentions )NP (VP were )VP )S )SBAR )SBAR )VP )S )VP . )S  STOP
(S `` (S (NP We )NP (VP 're (NP an investor )NP )VP )S , '' (NP Mr. Morishita )NP (VP says , (S (VP sitting (PRT back )PRT (PP in (NP (NP his *UNK gallery )NP (VP filled (PP with (NP (QP some 20 )QP *UNKC and *UNKC )NP )PP )VP )NP )PP )VP )S )VP . )S  STOP
(S `` (PP In (NP the long run )NP )PP , (NP the -LCB- stock -RCB- prices )NP (VP will (VP go (ADVP up )ADVP )VP )VP . '' )S  STOP
(S (NP (NP It )NP )NP (VP 's not (ADJP clear )ADJP (SBAR whether (S (NP *UNKC )NP (VP plans (S (VP to (VP buy (NP more shares )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S But (NP *UNKC )NP (PRN , (S (NP Mr. Morishita )NP (VP insists )VP )S , )PRN (VP is (ADJP happy (S (VP to (VP see (S (NP him )NP (VP become (NP a long-term *UNK )NP )VP )S )VP )VP )S )ADJP )VP . )S  STOP
(S (NP Mr. Morishita )NP (VP considers (S (NP himself )NP (NP (NP a *UNK )NP (PP of (NP art )NP )PP )NP )S )VP . )S  STOP
(S (PP In (NP (NP 30 years )NP (PP of (S (VP *UNKING (NP (ADJP *UNK and Japanese )ADJP paintings )NP )VP )S )PP )NP )PP , (NP he )NP (VP has (VP acquired (NP (NP 600 items )NP (PRN , (S (NP he )NP (VP says )VP )S , )PRN (ADJP enough (SBAR (S (VP to (VP persuade (NP him )NP (S (VP to (VP start (NP a museum )NP (NP next year )NP )VP )VP )S )VP )VP )S )SBAR )ADJP )NP )VP )VP . )S  STOP
(S (NP He )NP (VP says (SBAR (S (NP he )NP (VP spent (NP (QP $ 300 million )QP )NP (PP on (NP his art business )NP )PP (NP this year )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP (NP A week )NP ago )ADVP , (NP his gallery )NP (VP *UNKED (PRT up )PRT (NP a (ADJP (QP $ 23 million )QP )ADJP *UNK )NP (PP at (NP (NP a (NP Sotheby 's )NP auction )NP (PP in (NP New York )NP )PP )NP )PP (S (VP buying (NP (NP seven works )NP , (PP including (NP a *UNKC )NP )PP )NP )VP )S )VP . )S  STOP
(SINV `` (S (NP He )NP (VP makes (NP *UNK *UNK )NP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (RRC (NP (NP (NP the art gallery 's )NP manager )NP and (NP (NP Mr. Morishita 's )NP secretary )NP )NP (PP for (NP (QP more than seven )QP years )NP )PP )RRC )NP . )SINV  STOP
(S (NP (NP Mr. Morishita 's )NP main business )NP (ADVP certainly )ADVP (VP appears (S (VP to (VP be (VP *UNKING )VP )VP )VP )S , (SBAR although (S (NP he )NP (VP wo n't (VP disclose (NP numbers )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP According (PP to (NP (NP *UNKC Data Bank Ltd. )NP , (SBAR (WHNP which )WHNP (S (VP tracks (NP company earnings )NP )VP )S )SBAR )NP )PP )PP , (NP (NP *UNKC 's )NP revenue )NP (VP rose (NP 15 % )NP (PP to (NP (NP (QP *UNKN billion )QP yen )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP )PP (PP in (NP (NP the year )NP (VP ended (NP February )NP )VP )NP )PP )VP . )S  STOP
(S (NP Revenue )NP (VP doubled (PP from (ADVP (NP two years )NP ago )ADVP )PP )VP . )S  STOP
(FRAG (S (NP That )NP (VP is )VP )S , (SBAR if (S (NP the company )NP (VP reported (NP results )NP (ADVP *UNKLY )ADVP )VP )S )SBAR . )FRAG  STOP
(S (NP (NP The *UNKC *UNKC )NP , (NP a Japanese daily )NP , )NP (NP last month )NP (VP reported (SBAR that (S (NP *UNKC )NP (VP revised (NP its tax calculations )NP (PP after (S (VP being (VP challenged (PP for (S (ADVP allegedly )ADVP (VP failing (S (VP to (VP report (NP (NP all )NP (PP of (NP its income )NP )PP )NP (PP to (NP tax authorities )NP )PP (PP over (NP a two-year period )NP )PP )VP )VP )S )VP )S )PP )VP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The Tokyo *UNKC *UNKC Office )NP (VP declines (S (VP to (VP comment )VP )VP )S )VP )S , and (S (NP (NP Mr. *UNKC )NP , (NP (NP the *UNK 's )NP secretary )NP , )NP (VP says (SBAR (S (NP the problem )NP (ADVP simply )ADVP (VP resulted (PP from (NP (NP a difference )NP (PP of (NP opinion )NP )PP (PP over (SBAR (WHNP what )WHNP (S (VP was (VP considered (S (NP income )NP )S )VP )VP )S )SBAR )PP )NP )PP )VP )S )SBAR )VP )S . )S  STOP
(S (NP The small , *UNK Mr. Morishita )NP (VP comes (PRT across )PRT (PP as (NP (NP an *UNK man )NP (PP of (NP the world )NP )PP )NP )PP )VP . )S  STOP
(S (S (VP (VP *UNKING (NP his arms )NP (PP in (NP his *UNK white *UNK )NP )PP )VP and (VP *UNKING (NP his black shoes )NP )VP )VP )S , (NP he )NP (VP (VP *UNK (NP a *UNK )NP (PP about (NP (NP the way )NP (SBAR (S (VP to (VP sell (NP American real estate )NP )VP )VP )S )SBAR )NP )PP )VP and (VP boasts (PP about (NP (NP his *UNK )NP (PP with (NP (NP Margaret Thatcher 's )NP son )NP )PP )NP )PP )VP )VP . )S  STOP
(S But (SBAR (WHADVP when )WHADVP (S (VP asked (SBAR (WHNP (WHNP what )WHNP (ADVP exactly )ADVP )WHNP (S (NP he )NP (VP does (PP in (NP business )NP )PP )VP )S )SBAR )VP )S )SBAR , (NP he )NP (ADVP immediately )ADVP (VP takes (NP *UNK )NP )VP . )S  STOP
(S `` (SQ Are (NP you )NP (ADJP *UNK )ADJP )SQ ? '' (NP he )NP (VP *UNK )VP . )S  STOP
(S `` (NP You )NP (VP should (VP know (SBAR (WHNP what questions )WHNP (S (VP to (VP ask (S (VP to (VP get (S (NP people )NP (VP to (VP answer )VP )VP )S )VP )VP )S )VP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (S (NP Not many people )NP (VP know (NP (NP the details )NP (PP of (NP (NP Mr. Morishita 's )NP business )NP )PP )NP )VP )S , but (S (NP it )NP (VP 's (NP (NP a source )NP (PP of (NP (NP rumors )NP (PP about (NP *UNK dealings )NP )PP )NP )PP )NP )VP )S . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP a small company )NP (VP goes (ADJP *UNK- )ADJP )VP )S )SBAR , (PP for (NP instance )NP )PP , (NP the *UNK weekly magazines )NP (VP are (ADVP often )ADVP (ADJP quick (S (VP to (VP link (NP the *UNK )NP (PP with (NP Aichi )NP )PP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP Mr. Morishita )NP (VP *UNK (PP at (NP (NP those stories )NP , (CONJP as well as )CONJP (NP (NP the ones )NP (VP *UNKING (NP him )NP (PP to (NP the Japanese *UNK )NP )PP )VP )NP )NP )PP )VP . )S  STOP
(S (NP He )NP (VP says (SBAR (S (NP he )NP (VP has (ADVP never )ADVP (ADVP even )ADVP (VP *UNKED (PP with (NP *UNK )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP The *UNK child )NP (PP of (NP (NP a store owner )NP (PP in (NP Aichi *UNK )NP )PP )NP )PP )NP )S , (NP Mr. Morishita )NP (VP started (PRT out )PRT (PP in (NP the textile business )NP )PP )VP . )S  STOP
(S (PP From (ADVP there )ADVP )PP , (NP he )NP (VP (VP set (PRT up )PRT (NP his finance company )NP )VP and (VP (ADVP rapidly )ADVP expanded (PP from (NP lending )NP )PP (PP to (NP (NP investment )NP (PP in (NP real estate )NP )PP )NP )PP (PP to (S (VP building (NP golf *UNK )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP He )NP (VP spends (NP most *UNK )NP (S (VP flying (NP his helicopter )NP (PP to (NP (NP one )NP (PP of (NP (NP his nine *UNK )NP (PRN , (S (NP he )NP (VP says )VP )S , )PRN (SBAR (WHNP (WHNP two )WHNP (WHPP of (WHNP which )WHNP )WHPP )WHNP (S (VP were (VP designed (PP by (NP Jack *UNKC )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (NP He )NP (ADVP also )ADVP (VP owns (NP (NP courses )NP (PP in (NP (NP the U.S. )NP and (NP France )NP )NP )PP )NP )VP . )S  STOP
(S (NP The *UNK financier )NP (ADVP recently )ADVP (VP started (S (VP *UNKING (PP in (NP *UNK- circles )NP )PP )VP )S )VP . )S  STOP
(S (SBAR Although (S (NP he )NP (VP says (SBAR (S (NP he )NP (VP was n't (ADJP *UNK (PP on (S (VP going )VP )S )PP )ADJP )VP )S )SBAR )VP )S )SBAR , (NP last year )NP (NP he )NP (VP attended (NP (NP a New York *UNK )NP (SBAR (WHADVP where )WHADVP (S (NP his daughter )NP (VP made (NP her debut )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP He )NP (ADVP also )ADVP (VP leads (NP an *UNK life style )NP )VP . )S  STOP
(S (PP (ADVP Even )ADVP in (NP (NP *UNKC )NP , (NP (NP one )NP (PP of (NP (NP Tokyo 's )NP *UNK neighborhoods )NP )PP )NP )NP )PP , (NP (NP (NP Mr. Morishita 's )NP *UNK *UNK *UNK )NP -- (NP (NP one )NP (PP of (NP (NP (QP some 10 )QP houses )NP (SBAR (S (NP he )NP (VP owns )VP )S )SBAR )NP )PP )NP -- )NP (VP *UNK (NP (NP the neighbors ' )NP )NP )VP . )S  STOP
(S (NP (NP A *UNK white *UNK )NP (PP with (NP a *UNK- window )NP )PP )NP (VP *UNK (PP over (NP (NP the *UNK wall )NP (VP surrounding (NP his property )NP )VP )NP )PP )VP . )S  STOP
(S (SBAR Although (S (NP Mr. Morishita )NP (VP says (NP (NP little )NP (PP about (NP his business )NP )PP )NP )VP )S )SBAR , (NP he )NP (VP offers (NP (NP (NP one rule )NP (PP to (NP success )NP )PP )NP : (S (ADVP Never )ADVP (VP *UNK (ADVP too far )ADVP )VP )S )NP )VP . )S  STOP
(S `` (S (NP I )NP (VP quit (PP after (NP one try )NP )PP , (SBAR whether (S (NP I )NP (VP win or lose )VP )S )SBAR )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (NP I )NP (VP 'm (VP done (PP in (NP two minutes )NP )PP )VP )VP . '' )S  STOP
(S (NP Mr. Morishita )NP (VP says (SBAR (S (NP he )NP (VP intends (S (VP to (VP expand (NP his business )NP (PP to (NP (NP many other areas )NP (UCP (PP at (NP home )NP )PP and (ADVP abroad )ADVP )UCP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP He )NP (VP 'll (VP be (ADVP there )ADVP (SBAR (WHADVP *UNK )WHADVP (S (NP there )NP (VP 's (NP (NP money )NP (SBAR (S (VP to (VP be (VP made )VP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP )S , (VP *UNK )VP (NP (NP Mr. *UNKC )NP , (NP the secretary )NP )NP . )SINV  STOP
(S `` (FRAG (WHNP Who )WHNP (S (VP knows )VP )S )FRAG , '' (PRN (S (NP he )NP (VP says )VP )S )PRN , `` (SBAR if (S (NP he )NP (VP heard (SBAR that (S (NP *UNK )NP (VP make (NP money )NP )VP )S )SBAR (NP today )NP )VP )S )SBAR , (NP he )NP (VP might (VP be (VP flying (PP out (PP to (NP Chicago )NP )PP )PP (NP tomorrow )NP )VP )VP )VP . )S  STOP
(SBAR (WHNP *UNKC )WHNP (S (VP 'S (NP *UNKC )NP )VP )S : )SBAR  STOP
(S (NP Arthur Price )NP (VP resigned (PP as (NP (NP (NP president )NP and (NP chief executive officer )NP )NP (PP of (NP (NP MTM Enterprises Inc. )NP , (NP a (NAC *UNKC , Calif. , )NAC entertainment concern )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP He )NP (VP *UNKED (NP the company )NP (PP with (NP (NP *UNKC *UNKC )NP and (NP Mary *UNKC Moore )NP )NP )PP (PP in (NP 1969 )NP )PP )VP . )S  STOP
(S (NP MTM )NP (VP is (NP (NP a unit )NP (PP of (NP (NP *UNKED TVS Entertainment PLC )NP , (SBAR (WHNP (WHNP whose chief executive officer )WHNP , (NP James *UNKC )NP , )WHNP (S (VP will (VP *UNK (NP the company )NP (SBAR until (S (NP a successor )NP (VP is (VP named )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (SBAR As (S (VP expected )VP )S )SBAR , (NP First Interstate Bancorp )NP (VP reported (NP (NP a net loss )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP (PP for (NP its third quarter )NP )PP )NP (PP because of (NP (NP *UNKING )NP (PP at (NP its (NAC First Interstate Bank (PP of (NP Arizona )NP )PP )NAC unit )NP )PP )NP )PP )VP . )S  STOP
(S (NP The (ADJP Los Angeles-based )ADJP bank holding company )NP (VP disclosed (NP last Friday )NP (SBAR that (S (NP it )NP (VP had (VP taken (NP (NP a huge (ADJP (QP $ 350 million )QP )ADJP provision )NP (PP for (NP (NP (NP loan losses )NP (PP at (NP the Arizona bank )NP )PP )NP , (NP (NP the result )NP (PP of (NP (NP the state 's )NP *UNKING real-estate market )NP )PP )NP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP yesterday 's )NP report )NP )PP , (NP First Interstate )NP (VP said (SBAR (S (NP (NP its bank )NP (PP in (NP Texas )NP )PP )NP (ADVP also )ADVP (VP reported (NP (NP a loss )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP (PP for (NP the quarter )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S But (NP it )NP (VP said (SBAR (SBAR that (S (NP (NP its consumer banks )NP (PP in (NP Oregon , California , *UNKC and Washington )NP )PP )NP (VP performed (ADVP well )ADVP (PP during (NP the quarter )NP )PP )VP )S )SBAR and (SBAR that (S (NP (NP *UNKING assets )NP (PP at (NP these banks )NP )PP )NP (VP declined (PP by (NP 14 % )NP )PP (PP over (NP the year-ago period )NP )PP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (S (NP (NP *UNKC union contracts )NP (VP signed (PP in (NP the third quarter )NP )PP )VP )NP (VP granted (NP (NP (ADJP slightly lower )ADJP wage increases )NP (PP than (NP (NP those )NP (VP signed (PP in (NP the second quarter )NP )PP )VP )NP )PP )NP )VP )S , but (S (NP wage increases )NP (ADVP still )ADVP (VP are (VP running (PP above (NP (NP last year 's )NP levels )NP )PP )VP )VP )S . )S  STOP
(S (NP The Labor Department )NP (VP said (SBAR (S (NP (NP wage settlements )NP (PP in (NP the third quarter )NP )PP )NP (VP called (PP for (NP (NP average annual wage increases )NP (PP of (NP (NP (NP 3.6 % )NP (PP in (NP the first year )NP )PP )NP and (NP (NP *UNKN % )NP (PP over (NP (NP the life )NP (PP of (NP the contracts )NP )PP )NP )PP )NP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The last time )NP (SBAR (S (NP (NP parties )NP (PP to (NP these settlements )NP )PP )NP (VP negotiated (NP wage increases )NP )VP )S )SBAR )NP , (PP (ADVP mostly )ADVP in (NP 1986 or 1987 )NP )PP , (NP wages )NP (VP increased (NP (NP an average )NP (PP of (NP (NP 2.4 % )NP (NP a year )NP )NP )PP (PP over (NP (NP the life )NP (PP of (NP the contracts )NP )PP )NP )PP )NP )VP . )S  STOP
(S (SBAR If (S (NP this pattern )NP (VP continues )VP )S )SBAR , (PRN (S (NP the Labor Department )NP (VP said )VP )S , )PRN (NP 1989 )NP (VP will (VP be (NP (NP the first year )NP (SBAR (WHADVP that )WHADVP (S (NP the measure )NP (VP has (VP shown (NP an increase )NP )VP )VP )S )SBAR (PP since (NP (NP 1981 )NP (SBAR (WHADVP when )WHADVP (S (NP the department )NP (VP started (S (VP *UNKING (NP *UNKING contracts )NP (PP with (NP (NP those )NP (SBAR (WHNP that )WHNP (S (VP replaced (NP them )NP )VP )S )SBAR )NP )PP )VP )S )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP This )NP (VP reflects (NP (NP (NP the *UNK )NP (PP of (NP wage cuts )NP )PP (PP in (NP the (UCP steel and other )UCP industries )NP )PP )NP (CONJP as well as )CONJP (NP (NP higher wages )NP (VP granted (NP (NP *UNK )NP (SBAR (WHNP who )WHNP (S (VP work (PP in (NP health-care facilities )NP )PP )VP )S )SBAR )NP )VP )NP )NP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (VP reached (PP in (NP (NP the first nine months )NP (PP of (NP 1989 )NP )PP )NP )PP )VP )NP (VP called (PP for (NP (NP wage increases )NP (VP *UNKING (NP (NP (NP 3.7 % )NP (PP in (NP the first contract year )NP )PP )NP and (NP (NP 3.1 % )NP (ADVP annually )ADVP (PP over (NP (NP the life )NP (PP of (NP the contracts )NP )PP )NP )PP )NP )NP )VP )NP )PP )VP )S , (NP the department )NP (VP said )VP . )S  STOP
(S (PP For (NP (NP all )NP (PP of (NP 1988 )NP )PP )NP )PP , (NP union contracts )NP (VP provided (PP for (NP (NP (NP (ADJP 2.5 % )ADJP wage increases )NP (PP in (NP the first year )NP )PP )NP and (NP (NP 2.4 % )NP (PP over (NP (NP the life )NP (PP of (NP the contracts )NP )PP )NP )PP )NP )NP )PP )VP . )S  STOP
(S (PP In (NP the second quarter )NP )PP , (NP contracts )NP (VP called (PP for (NP (NP increases )NP (PP of (NP (NP (NP 3.9 % )NP (PP in (NP the first year )NP )PP )NP and (NP (NP 3.4 % )NP (PP over (NP (NP the life )NP (PP of (NP the contracts )NP )PP )NP )PP )NP )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP The figures )NP (VP exclude (NP (NP *UNK- payments )NP and (NP *UNKING adjustments )NP )NP )VP )S , so (S (NP the actual wage increases )NP (VP may (VP have (VP been (ADJP bigger )ADJP )VP )VP )VP )S . )S  STOP
(S (S (NP (NP (QP About 35 )QP % )NP (PP of (NP (NP the workers )NP (VP covered (PP by (NP (NP contracts )NP (VP signed (PP in (NP (NP the first nine months )NP (PP of (NP year )NP )PP )NP )PP )VP )NP )PP )VP )NP )PP )NP (VP get (NP *UNK- payments )NP )VP )S ; (S (NP (QP about 15 )QP % )NP (VP are (VP covered (PP by (NP *UNKING *UNK )NP )PP )VP )VP )S . )S  STOP
(S (NP (NP *UNKC )NP (VP covered (PP by (NP one or other provisions )NP )PP )VP )NP (ADVP generally )ADVP (VP settled (PP for (NP lower percentage wage increases )NP )PP )VP . )S  STOP
(S (NP The Labor Department )NP (VP said (SBAR (S (NP (NP wage increases )NP (PP in (NP manufacturing industries )NP )PP )NP (VP continue (S (VP to (VP be (ADJP (ADJP smaller )ADJP (PP than (NP (NP those )NP (PP in (NP other industries )NP )PP )NP )PP )ADJP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP (NP all (QP six million )QP workers )NP (PP under (NP major collective bargaining agreements )NP )PP )NP )PP , (ADVP regardless (PP of (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP were (VP signed )VP )VP )S )SBAR )PP )ADVP , (NP (NP wage increases )NP (PP in (NP (NP the first nine months )NP (PP of (NP 1989 )NP )PP )NP )PP )NP (VP averaged (NP 2.5 % )NP -- (PP including (NP *UNKING adjustments )NP )PP )VP . )S  STOP
(S (S (NP An enormous *UNK )NP (VP has (VP succeeded (SBAR (WHADVP where )WHADVP (S (NP the government )NP (VP has (VP failed )VP )VP )S )SBAR )VP )VP )S : (S (NP He )NP (VP has (VP made (S (S (VP *UNKING (NP Filipino )NP )VP )S (ADJP *UNK )ADJP )S )VP )VP )S . )S  STOP
(S (NP (NP The (ADJP 6 *UNK- )ADJP *UNK )NP , (NP *UNKC *UNKC )NP , )NP (VP is (NP (NP a character )NP (SBAR (WHNP who )WHNP (S (VP *UNK (PP in (NP (NP the children 's )NP television show `` (NX *UNKC )NX )NP )PP )VP )S )SBAR )NP )VP . '' )S  STOP
(S (NP He )NP (VP *UNK (ADVP only )ADVP (PP in (NP Filipino )NP )PP )VP . )S  STOP
(S (NP `` (NP *UNKC )NP , '' (SBAR (WHNP which )WHNP (S (VP started (PP in (NP 1983 )NP )PP (PP as (NP (NP a hybrid )NP (PP of (NP the U.S. program `` (NX *UNKC Street )NX )NP )PP )NP )PP )VP )S )SBAR , '' )NP (VP has (VP developed (PP into (NP a (ADJP *UNKLY Philippine )ADJP effort )NP )PP )VP )VP . )S  STOP
(S (NP Radio programs and books )NP (VP have (VP followed (NP the daily television show )NP )VP )VP . )S  STOP
(S (PP In (NP the process )NP )PP , (NP `` (NP *UNKC )NP , '' (NP (NP an *UNK Filipino word )NP (VP meaning (ADJP `` (ADJP strong )ADJP '' or `` (ADJP *UNKING )ADJP )ADJP )VP )NP , '' )NP (VP has (VP become (NP (NP a powerful *UNK )NP (PP of (NP (NP the use )NP (PP of (NP the Filipino language )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP *UNK (PP on (NP ordinary , young *UNKC )NP )PP (SBAR that (S (NP there )NP (VP 's (NP (NP nothing )NP (SBAR (S (VP to (VP feel (ADJP *UNK )ADJP (PP about )PP )VP )VP )S )SBAR )NP (PP in (S (VP using (NP their own language )NP )VP )S )PP )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP *UNKC David )NP , (NP a (NX (NX *UNK )NX and (NX (NX host )NX (PP of (NP a popular television talk show )NP )PP )NX )NX )NP )NP . )SINV  STOP
(SINV `` (S (SBAR (WHADVP When )WHADVP (S (NP we )NP (VP started (NP the program )NP (ADVP (NP six years )NP ago )ADVP )VP )S )SBAR , (NP (NP the use )NP (PP of (NP Filipino )NP )PP )NP (VP was (VP *UNKED (S (ADJP *UNK )ADJP )S (PP by (NP the (ADJP *UNKLY middle )ADJP class )NP )PP )VP )VP )S , '' (VP says )VP (NP (NP *UNKC Brown )NP , (NP (NP the program 's )NP *UNK )NP )NP . )SINV  STOP
(S (ADVP Now )ADVP (PRN , (S (NP she )NP (VP says )VP )S , )PRN `` (NP it )NP (VP 's (ADVP no longer )ADVP (NP an issue )NP )VP . '' )S  STOP
(S (NP (NP The success )NP (PP of `` (NP Batibot )NP '' )PP )NP (VP stands (PP in (NP (NP marked contrast )NP (PP to (NP many (UCP academic and government )UCP attempts (S (VP to (VP promote (NP Filipino )NP (PP as (NP a national language )NP )PP )VP )VP )S )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Filipino )NP (PRN -- (VP (ADVP once )ADVP known (PP as (NP *UNKC )NP )PP )VP -- )PRN )NP (VP is (ADVP *UNKLY )ADVP (NP (NP *UNKC )NP , (NP (NP the *UNKED language )NP (VP spoken (PP in (NP (NP a part )NP (PP of (NP (NP (NP the country 's )NP principal island )NP (PP of (NP Luzon )NP )PP )NP )PP )NP )PP )VP )NP )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP to (NP a national language )NP )PP )NP (VP comes (ADVP primarily )ADVP (PP from (NP (NP members )NP (PP of (NP (NP the country 's )NP *UNK )NP )PP , (SBAR (WHNP who )WHNP (S (ADVP generally )ADVP (VP prefer (NP English )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(SINV (S But (SBAR while (S (NP *UNK- *UNKC )NP (VP are (ADJP quick (S (VP to (VP *UNK (NP (NP the *UNK )NP (PP in (S (VP using (NP (NP a language )NP (ADJP (ADJP as widespread )ADJP (PP as (NP English )NP )PP )ADJP )NP )VP )S )PP )NP )VP )VP )S )ADJP )VP )S )SBAR , (NP they )NP (VP are (ADVP often )ADVP (ADJP slow (S (VP to (VP reveal (SBAR that (S (NP they )NP (VP are (ADJP *UNKED (PP against (NP Filipino )NP )PP )ADJP )VP )S )SBAR )VP )VP )S )ADJP )VP )S , (VP say )VP (NP (NP advocates )NP (PP of (NP the native language )NP )PP )NP . )SINV  STOP
(SINV `` (S (PP For (NP the middle and *UNK- class )NP )PP -LCB- (NP Filipino )NP -RCB- (VP is (ADJP *UNK )ADJP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a *UNKC professor )NP (PP at (NP (NP (NP *UNKC City 's )NP University )NP (PP of (NP the Philippines )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP There )NP (VP 's (ADVP also )ADVP (NP *UNK )NP )VP . )S  STOP
(S (NP (NP Other opponents )NP (PP of (NP Filipino )NP )PP )NP (VP come (PP from (NP *UNK- regions )NP )PP )VP . )S  STOP
(S (NP They )NP (VP argue (SBAR that (S (NP their own *UNK )NP (VP should (VP have (NP equal weight )NP )VP )VP )S )SBAR , (SBAR although (S (NP recent surveys )NP (VP indicate (SBAR that (S (NP (NP the majority )NP (PP of (NP (NP the country 's )NP population )NP )PP )NP (VP *UNK (NP Filipino )NP (ADVP (ADVP more )ADVP (PP than (NP any other language )NP )PP )ADVP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S -LRB- (NP There )NP (VP are (NP (NP seven major *UNK )NP and (NP (QP more than 70 )QP *UNK )NP )NP (PP in (NP the country )NP )PP )VP . -RRB- )S  STOP
(S (SBAR (WHNP What *UNK )WHNP (S (VP to (VP speak )VP )VP )S )SBAR (VP is (NP an emotional mine field )NP (PP in (NP the Philippines )NP )PP )VP . )S  STOP
(S (NP It )NP (VP is (VP *UNKED (PP (PP in (NP (NP (NP the country 's )NP *UNK bonds )NP (PP to (NP the U.S. )NP )PP )NP )PP , (PP in (NP Philippine class structure )NP )PP , (PP in (NP (NP the regional *UNK )NP (PP of (NP its people )NP )PP )NP )PP and (PP in (NP its island *UNK )NP )PP )PP )VP )VP . )S  STOP
(S (SBAR As (S (NP they )NP (VP did (VP (SBAR (WHADVP when )WHADVP (S (NP the Philippines )NP (VP was (NP (NP a colony )NP (PP of (NP the U.S. )NP )PP )NP )VP )S )SBAR )VP )VP )S )SBAR , (NP teachers )NP (PP for (NP the most part )NP )PP (VP *UNK (PP in (NP English )NP )PP , (SBAR even though (S (NP it )NP (VP is (NP a foreign language )NP (PP for (NP most Philippine children )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP As (NP a result )NP )PP , (NP they )NP (ADVP often )ADVP (VP (VP speak (NP one language )NP (PP at (NP home )NP )PP )VP , (VP (NP another )NP (PP at (NP school )NP )PP )VP )VP . )S  STOP
(S (NP Mrs. Brown )NP (VP calls (S (NP (NP the *UNK- cultural *UNK )NP (PP to (NP Filipino )NP )PP )NP (NP a `` language *UNK )NP )S )VP . '' )S  STOP
(S (NP The issue )NP (VP has (VP been (VP *UNKING (PP for (NP years )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP does n't (VP take (NP much )NP (S (VP to (VP *UNK (NP an intense debate )NP )VP )VP )S )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP (NP President *UNKC *UNKC )NP , (SBAR (WHNP (WHNP whose *UNK )WHNP (PP of (NP Filipino )NP )PP )WHNP (S (VP is (ADJP *UNK )ADJP )VP )S )SBAR , )NP (VP announced (NP last year )NP (SBAR that (S (NP the language )NP (VP would (VP be (VP used (PP in (NP official communications )NP )PP )VP )VP )VP )S )SBAR )VP )S )SBAR , (NP there )NP (VP was (NP (NP an *UNK )NP (PP from (NP (NP many legislators )NP , (SBAR (WHNP who )WHNP (S (VP continue (S (VP to (VP conduct (NP *UNK )NP (PP (ADVP mostly )ADVP in (NP English )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S But (NP (NP many *UNK )NP (PP of (NP Filipino )NP )PP )NP (VP see (S (NP (NP resistance )NP (PP to (NP the language )NP )PP )NP (ADVP finally )ADVP (VP *UNKING )VP )S )VP . )S  STOP
(S (NP They )NP (VP believe (S (NP (NP the media )NP , (PP including `` (NP Batibot )NP )PP , '' )NP (VP have (VP played (NP a crucial role )NP )VP )VP )S )VP . )S  STOP
(S (PP According (PP to (NP chief *UNK *UNKC *UNKC )NP )PP )PP , `` (NP Batibot )NP '' (VP does n't (VP set (PRT out )PRT (S (VP to (VP advance (NP (NP the cause )NP (PP of (NP Filipino )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S `` (S (NP It )NP (VP 's not (SBAR as if (S (NP we )NP (VP 're (VP *UNKING (NP language )NP (ADVP per *UNK )ADVP )VP )VP )S )SBAR )VP )S , '' (PRN (S (NP he )NP (VP says )VP )S )PRN , `` (S (NP We )NP (VP 're (ADVP just )ADVP (VP using (NP it )NP )VP )VP )S . '' )S  STOP
(S (NP These days )NP , `` (NP Batibot )NP '' (VP is (VP produced (PP in (NP a converted *UNK )NP )PP (PP on (NP (NP a *UNKING budget )NP (PP of (NP (NP $ 3,000 )NP (NP a *UNK- segment )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP It )NP (VP is (VP shown (NP *UNK )NP (PP on (NP (NP two )NP (PP of (NP (NP the country 's )NP five networks )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP With (NP (NP an audience )NP (VP totaling (NP (QP more than 400,000 )QP )NP )VP )NP )PP , `` (NP Batibot )NP '' (ADVP consistently )ADVP (VP ranks (PP in (NP (NP the country 's )NP *UNK- *UNKED *UNK programs )NP )PP )VP . )S  STOP
(S But (NP advertising revenue )NP (VP is (ADJP inadequate )ADJP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP there )NP (VP are (NP threats (SBAR that (S (NP the program )NP (VP will (VP *UNK )VP )VP )S )SBAR )NP )VP . )S  STOP
(S `` (NP Batibot )NP '' (VP lacks (NP (NP the *UNK )NP (PP of `` (NP *UNKC Street )NP )PP )NP )VP . '' )S  STOP
(S (NP *UNKC stages )NP (VP *UNK )VP . )S  STOP
(S (NP *UNKING )NP (ADVP sometimes )ADVP (VP falls (ADJP flat )ADJP )VP . )S  STOP
(S (NP There )NP (VP are (NP (NP (NP (QP only two )QP large *UNK )NP (PP in (NP the program )NP )PP )NP : (NP (NP *UNKC *UNKC )NP and (NP (NP a *UNK )NP (VP named (NP *UNKC *UNKING )NP )VP )NP )NP )NP )VP . )S  STOP
(S But (NP the production )NP (VP is (NP (NP the equal )NP (PP of (NP any local program )NP )PP )NP )VP . )S  STOP
(S And (NP (NP the show 's )NP *UNK )NP (VP makes (PRT up )PRT (PP for (NP any *UNK *UNK )NP )PP )VP . )S  STOP
(S (NP The program )NP (VP is n't (ADJP afraid (S (VP to (VP *UNK (NP (NP controversial *UNK )NP (PP such as (NP (NP nuclear weapons )NP and (NP the environment )NP )NP )PP )NP )VP )VP )S )ADJP )VP . )S  STOP
(FRAG Not (SBAR that (S (NP the language war )NP (VP is (VP won )VP )VP )S )SBAR , (PP (ADVP even )ADVP on `` (NP Batibot )NP )PP . '' )FRAG  STOP
(S (PP During (NP one recent episode )NP )PP , (NP all the *UNK )NP (VP were (PP in (NP English )NP )PP )VP . )S  STOP
(S (NP CMS *UNKC Corp. )NP (VP said (SBAR (S (NP management )NP (VP would (VP recommend (PP to (NP its board )NP )PP (NP today )NP (SBAR that (S (NP its common stock dividend )NP (VP be (VP *UNKED (PP at (NP a `` modest level '' )NP )PP (NP later this year )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The (NAC *UNKC , Mich. , )NAC energy company )NP (VP stopped (S (VP paying (NP a dividend )NP )VP )S (PP in (NP (NP the third quarter )NP (PP of (NP 1984 )NP )PP )NP )PP (PP because of (NP (NP troubles )NP (PP at (NP its Midland nuclear plant )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP CMS )NP (VP reported (NP (NP third-quarter net )NP (PP of (NP (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP *UNK cents )NP (NP a share )NP )NP )NP , (ADVP up (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 81 cents )NP (NP a share )NP )NP )NP , (ADVP (NP a year )NP ago )ADVP )PP )ADVP )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC Inc. )NP , (NP Atlanta )NP , )NP (VP said (SBAR (S (NP (NP its subsidiary )NP , (NP Home *UNKC Services Inc. )NP , )NP (VP registered (PP with (NP the Securities and Exchange Commission )NP )PP (NP (NP an initial public offering )NP (PP of (NP (NP (QP four million )QP shares )NP (PP of (NP common )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNK- health care services provider )NP (VP said (SBAR (S (NP it )NP (VP will (VP sell (NP (NP (QP 1.8 million )QP )NP (PP of (NP the new shares )NP )PP )NP , (SBAR while (S (NP Home *UNKC Services )NP (VP will (VP sell (NP the remaining (QP 2.2 million )QP )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP estimates (NP the offering price )NP (PP at (NP (NP (QP between $ 14 and $ 16 )QP )NP (NP a share )NP )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP it )NP (VP expects (S (VP to (VP use (NP the proceeds )NP (UCP (S (VP to (VP repay (NP certain bank debt )NP )VP )VP )S and (PP for (NP (NP general corporate purposes )NP , (PP including (NP (S (VP establishing (NP new operating centers )NP )VP )S and (NP possible acquisitions )NP )NP )PP )NP )PP )UCP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Home *UNKC )NP (ADVP currently )ADVP (VP has (NP (NP (QP 10 million )QP shares )NP (ADJP outstanding )ADJP )NP )VP . )S  STOP
(S (NP It )NP (VP will (VP have (NP (NP (QP *UNKN million )QP shares )NP (ADJP outstanding )ADJP )NP (PP after (NP the offering )NP )PP , (PP with (S (NP *UNKC )NP (VP owning (NP (NP (QP about 65 )QP % )NP (PP of (NP the total )NP )PP )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP Black & Decker Corp. )NP (VP said (SBAR (S (NP it )NP (VP agreed (S (VP to (VP sell (NP its *UNKC chemical *UNK unit )NP (PP to (NP (NP Orkem S.A. )NP , (NP a French chemical company )NP , )NP )PP (PP for (NP (QP $ *UNKN million )QP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP is (NP (NP the first *UNKC Corp. unit )NP (SBAR (S (VP to (VP be (VP sold (PP as (NP (NP part )NP (PP of (NP (NP the *UNK- manufacturer 's )NP effort (S (VP to (VP (VP reduce (NP debt )NP )VP and (VP consolidate (NP operations )NP )VP (SBAR after (S (NP it )NP (VP acquired (NP *UNKC )NP (NP earlier this year )NP )VP )S )SBAR )VP )VP )S )NP )PP )NP )PP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Black & Decker )NP (VP said (SBAR (S (NP it )NP (VP plans (S (VP to (VP put (NP other Emhart units )NP (PP on (NP the block )NP )PP (PP in (NP the future )NP )PP , (PP with (NP (NP the goal )NP (PP of (S (VP raising (NP (NP (QP $ 1 billion )QP )NP (PP in (NP net proceeds )NP )PP )NP )VP )S )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Black & Decker )NP (VP *UNKED (NP Emhart )NP (PP from (NP (NP the takeover bid )NP (PP of (NP *UNKC Limited Partnership )NP )PP )NP )PP (NP last March )NP (PP by (S (VP agreeing (S (VP to (VP acquire (NP (NP the maker )NP (PP of (NP (NP door *UNK )NP and (NP *UNKING tools )NP )NP )PP )NP (PP for (NP (QP about $ 2.8 billion )QP )NP )PP )VP )VP )S )VP )S )PP )VP . )S  STOP
(S (NP The move )NP (VP (VP (ADVP significantly )ADVP expanded (NP (NP Black & Decker 's )NP product line )NP )VP , but (ADVP also )ADVP (VP (ADVP significantly )ADVP increased (NP its debt load )NP )VP )VP . )S  STOP
(S (NP The acquisition )NP (VP boosted (NP (NP (NP Black & Decker 's )NP ratio )NP (PP of (NP debt )NP )PP (PP to (NP total capital )NP )PP )NP (PP to (NP (QP more than 80 )QP % )NP )PP )VP . )S  STOP
(S (NP Company officials )NP (VP have (VP said (SBAR (S (NP they )NP (VP plan (S (VP to (VP reduce (NP that ratio )NP (PP to (NP (QP less than 50 )QP % )NP )PP (PP over (NP the next (QP 2 1\/2 )QP years )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Earlier this year )NP , (NP Black & Decker )NP (VP put (NP (NP three Emhart businesses )NP )NP (PP on (NP the auction block )NP )PP : (NP (NP the information and electronics segment )NP , (NP the *UNKC electrical assembly business )NP and (NP *UNKC *UNKC )NP )NP )VP . )S  STOP
(S (NP The three units )NP (VP had (NP (NP combined 1988 sales )NP (PP of (NP (QP about $ *UNKN million )QP )NP )PP )NP )VP . )S  STOP
(S (NP The three units )NP (VP contributed (NP (NP (QP about a third )QP )NP (PP of (NP (NP Emhart 's )NP total sales )NP )PP )NP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP Black & Decker )NP (VP had (VP said (SBAR (S (NP it )NP (VP would (VP sell (NP two other undisclosed Emhart operations )NP (SBAR if (S (NP it )NP (VP received (NP the right price )NP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (NP (NP (NP one )NP (PP of (NP the (ADJP previously *UNKED )ADJP units )NP )PP )NP , and (NP (NP the first )NP (PP of (NP the five )NP )PP (SBAR (S (VP to (VP be (VP sold )VP )VP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (NP The company )NP (VP (VP is (ADVP still )ADVP (VP negotiating (NP (NP the sales )NP (PP of (NP the other four units )NP )PP )NP )VP )VP and (VP expects (S (VP to (VP announce (NP agreements )NP (PP by (NP (NP the end )NP (PP of (NP the year )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP The five units )NP (VP generated (NP (NP (NP sales )NP (PP of (NP (QP about $ 1.3 billion )QP )NP )PP )NP )NP (PP in (NP 1988 )NP )PP , (NP (NP (QP almost half )QP )NP (PP of (NP (NP Emhart 's )NP (ADJP (QP $ 2.3 billion )QP )ADJP revenue )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP posted (NP (NP 1988 sales )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )VP . )S  STOP
(SINV `` (S (S (NP Our *UNK program )NP (VP is (PP on (NP schedule )NP )PP )VP )S , and (S (NP we )NP (VP remain (ADJP confident (SBAR that (S (NP we )NP (VP will (VP achieve (NP (NP our stated goal )NP (PP of (NP (NP (QP over $ 1 billion )QP )NP (PP in (NP net proceeds )NP )PP )NP )PP )NP )VP )VP )S )SBAR )ADJP )VP )S )S , '' (VP said )VP (NP (NP *UNKC D. *UNKC )NP , (NP (NP Black & Decker 's )NP (NX (NX president )NX and (NX chief executive officer )NX )NX )NP , )NP (PP in (NP a statement )NP )PP . )SINV  STOP
(S (NP The sales )NP (VP are (NP an attempt (S (VP to (VP *UNK (NP (NP investor concern )NP (PP about (NP (NP (NP Black & Decker 's )NP increased debt burden )NP (PP from (NP the Emhart purchase )NP )PP )NP )PP )NP )VP )VP )S )NP )VP . )S  STOP
(S (NP (NP The company 's )NP stock )NP (VP plunged (SBAR (WHADVP when )WHADVP (S (NP it )NP (ADVP first )ADVP (VP announced (SBAR that (S (NP it )NP (VP planned (S (VP to (VP acquire (NP Emhart )NP )VP )VP )S )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP maintains (SBAR that (S (NP it )NP (VP does n't (VP expect (S (NP Emhart )NP (VP to (VP contribute (PP to (NP earnings )NP )PP (PP for (NP about another 12 months )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP composite trading )NP (PP on (NP the New York Stock Exchange )NP )PP )NP )PP , (NP Black & Decker )NP (VP closed (PP at (NP $ *UNKN )NP )PP (NP yesterday )NP , (ADVP down (NP 25 cents )NP )ADVP )VP . )S  STOP
(S (NP The company )NP (VP did n't (VP announce (NP the sale )NP (PP until (PP after (NP (NP the close )NP (PP of (NP the market )NP )PP )NP )PP )PP )VP )VP . )S  STOP
(S (NP Dick Darman )NP , (VP call (NP your office )NP )VP . )S  STOP
(SINV (VP *UNKED (PP in (NP (NP the `` budget '' )NP (VP being (VP *UNKED (PP by (NP the House-Senate conference committee )NP )PP )VP )VP )NP )PP )VP (VP is )VP (NP (NP something )NP (SBAR (WHNP that )WHNP (S (VP looks , *UNK and *UNK (PP like (NP a duck )NP )PP )VP )S )SBAR )NP . )SINV  STOP
(S (NP It )NP (VP 's (NP (NP a *UNK tax )NP (PP on (NP mergers )NP )PP )NP )VP . )S  STOP
(S (NP Congress )NP (VP has (VP decided (S (VP to (VP raise (NP (QP $ 40 million )QP )NP (PP by (S (VP charging (NP companies )NP (NP $ 20,000 )NP (PP for (NP (NP the honor )NP (PP of (S (VP filing (NP (NP the required papers )NP (PP under (NP the *UNKC law )NP )PP )NP )VP )S )PP )NP )PP )VP )S )PP )VP )VP )S )VP )VP . )S  STOP
(S (PP *UNKC since (NP (NP the bad days )NP (PP of (NP (S (NP Big )NP (VP is (ADJP *UNKC )ADJP )VP )S antitrust enforcement )NP )PP )NP )PP , (NP this law )NP (VP has (VP required (SBAR that (S (NP (NP anyone )NP (VP proposing (NP a merger )NP )VP )NP (VP must (VP make (NP (NP a filing )NP (VP *UNKING (NP (NP the effects )NP (PP on (NP all *UNK markets )NP )PP )NP )VP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP The *UNKC filing )NP (VP is (ADVP then )ADVP (VP *UNKED )VP )VP )S and (S (NP any antitrust concerns )NP (ADVP usually )ADVP (VP met )VP )S . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP *UNKC )NP (VP is (VP used (ADVP now )ADVP (S (VP to (VP give (NP (NP managers )NP (PP of (NP target firms )NP )PP )NP (NP (NP (NP early news )NP (PP of (NP a bid )NP )PP )NP and (NP a chance (S (VP to (VP use (NP regulatory review )NP (PP as (NP a *UNKING *UNK )NP )PP )VP )VP )S )NP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP The (ADJP $ 20,000 )ADJP tax )NP (VP would (VP be (NP (NP (NP a small cost )NP (PP in (NP a *UNK- deal )NP )PP )NP , but (NP (NP a serious drag )NP (PP on (NP (NP thousands )NP (PP of (NP small , friendly deals )NP )PP )NP )PP )NP )NP )VP )VP . )S  STOP
(S (NP (NP One (ADJP especially dangerous )ADJP aspect )NP (PP to (NP the new tax )NP )PP )NP (VP would (VP be (SBAR that (S (NP the proceeds )NP (VP will (VP be (VP used (S (VP to (VP increase (NP (NP the budgets )NP (PP of (NP (NP (NP the antitrust division )NP (PP at (NP Justice )NP )PP )NP and (NP the Federal Trade Commission )NP )NP )PP )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP This )NP (VP amounts (PP to (NP (NP a *UNK )NP (PP for (NP regulators )NP )PP )NP )PP )VP )S -- (S (X the more *UNKING )X (X the more )X (NP they )NP (VP get (S (VP to (VP keep )VP )VP )S )VP )S . )S  STOP
(S (ADVP Also )ADVP , (SBAR as (S (NP former Reagan antitrust chief Charles *UNKC )NP (VP has (VP noted )VP )VP )S )SBAR , (NP this )NP (VP would `` (VP establish (NP the *UNK (SBAR that (S (NP the government )NP (VP may (VP charge (NP parties )NP (PP for (NP (NP the privilege )NP (PP of (S (VP being (VP sued )VP )VP )S )PP )NP )PP (ADVP regardless (PP of (SBAR whether (S (NP the government )NP (VP *UNK )VP )S )SBAR )PP )ADVP )VP )VP )S )SBAR )NP )VP )VP . '' )S  STOP
(NP Yet another opportunity (SBAR for (S (NP President Bush )NP (VP to (VP respond , `` (S (VP *UNKC (NP my *UNK )NP )VP )S )VP )VP )S )SBAR . )NP  STOP
(NP *UNKC veto . )NP  STOP
(S (NP (NP Michael *UNKC )NP , (ADJP (NP 46 years )NP old )ADJP , )NP (VP was (VP named (S (NP (NP (NP vice chairman )NP (PP for (NP planning , marketing and industry services )NP )PP )NP , (NP a new post )NP )NP )S )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP had (VP been (NP (NP a vice chairman )NP (PP of (NP (NP *UNKC & *UNKC )NP , (NP (NP an accounting firm )NP (SBAR (WHNP that )WHNP (S (VP merged (PP with (NP rival Arthur Young )NP )PP (PP in (NP July )NP )PP (S (VP to (VP form (NP (NP *UNKC & Young )NP , (NP a major accounting , tax and management consulting firm )NP )NP )VP )VP )S )VP )S )SBAR )NP )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP (NP Mr. *UNKC 's )NP appointment )NP (VP *UNK (NP (NP a role )NP (SBAR (S (NP he )NP (VP has (VP been (VP performing (PP since (NP the merger )NP )PP )VP )VP )VP )S )SBAR )NP )VP )S , (NP a spokeswoman )NP (VP said )VP . )S  STOP
(S (NP *UNKC de Navigation Mixte Chairman *UNKC Fournier )NP (VP said (SBAR (S (NP his board )NP (ADVP *UNKLY )ADVP (VP rejected (PP as (ADJP too low )ADJP )PP (NP (NP the (ADJP (QP $ *UNKN billion )QP )ADJP bid )NP (PP by (NP *UNKC Financiere de Paribas )NP )PP (S (VP to (VP bring (NP (NP its stake )NP (PP in (NP Navigation Mixte )NP )PP )NP (PP to (NP *UNKN % )NP )PP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (PP At (NP a news conference )NP )PP , (NP Mr. Fournier )NP (VP accused (NP Paribas )NP (PP of (S (VP planning (S (VP to (VP pay (PP for (NP the takeover )NP )PP (PP by (S (VP selling (NP (NP parts )NP (PP of (NP (NP the company )NP , (SBAR (WHNP whose interests )WHNP (S (VP include (NP (NP insurance )NP , (NP banking )NP , (NP *UNK *UNKING )NP , (NP sugar )NP and (NP *UNK *UNK )NP )NP )VP )S )SBAR )NP )PP )NP )VP )S )PP )VP )VP )S )VP )S )PP )VP . )S  STOP
(S (NP The chairman )NP (VP said (SBAR (S (NP (NP his board members )NP , (PP including (NP (NP representatives )NP (PP of (NP (NP West German insurance giant Allianz AG )NP and (NP French banks Credit Lyonnais and Societe *UNKC )NP )NP )PP )NP )PP , )NP (VP hold (NP (NP (QP nearly 50 )QP % )NP (PP of (NP (NP Navigation Mixte 's )NP capital )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Fournier )NP (VP said (SBAR that (S (PP as (NP Navigation Mixte chairman )NP )PP , (NP he )NP (VP is (VP prohibited (PP by (NP takeover regulations )NP )PP (PP from (S (VP (VP *UNKING (NP his own defense )NP )VP or (VP doing (NP (NP anything )NP (PP *UNK (S (VP managing (NP current company business )NP )VP )S )PP )NP )VP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP sources )NP (VP said (SBAR (S (NP he )NP (VP will (VP be (VP urging (NP his allies )NP (S (VP to (VP boost (NP (NP their stakes )NP (PP in (NP (NP Navigation Mixte )NP , (SBAR (WHNP which )WHNP (S (VP (VP is (VP being (VP traded (PP in (NP London )NP )PP )VP )VP )VP and (VP is (S (VP to (VP resume (S (VP trading (PP in (NP Paris )NP )PP )VP )S (NP Tuesday )NP )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP At (NP the same time )NP )PP , (NP he )NP (VP is (VP expected (S (VP to (VP seek (NP (NP (ADJP legal and regulatory )ADJP means )NP (PP of (S (VP blocking or delaying (NP (NP Paribas 's )NP bid )NP )VP )S )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP For (NP the moment )NP )PP (PRN , (S (NP the sources )NP (VP said )VP )S , )PRN (NP he )NP (VP has (VP decided (PP against (S (VP (VP seeking (NP a white knight )NP )VP or (VP *UNKING (NP (NP a *UNK )NP (PP for (NP Paribas )NP )PP )NP )VP )VP )S )PP )VP )VP . )S  STOP
(S (NP Mr. Fournier )NP (VP said (SBAR (S (NP (NP Navigation Mixte 's )NP 1989 (ADJP unconsolidated , or *UNK- , )ADJP profit )NP (VP is (ADJP likely (S (VP to (VP be (NP (NP (QP 4.7 billion )QP francs )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP , (ADVP up (PP from (NP (QP *UNKN million )QP francs )NP (NP last year )NP )PP )ADVP )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP is (ADJP due (PP (ADVP mostly )ADVP to (NP (NP payments )NP (PP from (NP Allianz )NP )PP (PP for (NP (NP most )NP (PP of (NP (NP the (ADJP 50 % )ADJP stake )NP (SBAR (S (NP it )NP (VP has (VP agreed (S (VP to (VP acquire )VP )VP )S )VP )VP )S )SBAR (PP in (NP (NP Navigation Mixte 's )NP insurance business )NP )PP )NP )PP )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (NP Mr. Fournier )NP (VP said (SBAR (S (NP the *UNK gain )NP (VP would (VP mean (NP (NP (ADJP (QP nearly twice )QP as high )ADJP a dividend )NP )NP (NP this year )NP (PP as (NP last )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR If (S (NP holders )NP (VP avoid (S (VP *UNKING (PP to (NP Paribas )NP )PP )VP )S )VP )S )SBAR , (PRN (S (NP he )NP (VP added )VP )S , )PRN (NP they )NP (VP can (VP expect (NP (NP strong dividends )NP (ADVP again )ADVP (NP next year )NP )NP )VP )VP . )S  STOP
(S (NP Analysts )NP (VP noted (SBAR that (S (PP over (NP the past 20 years )NP )PP , (NP Mr. Fournier )NP (VP (VP has (VP built (NP his company )NP (PP through (NP *UNK stock-market activity )NP )PP )VP )VP and (VP has (VP *UNKED (PRT off )PRT (NP (QP at least three )QP takeover attempts )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP This time )NP , (ADVP however )ADVP , (NP some analysts )NP (VP think (SBAR (S (NP he )NP (VP could (VP face (NP a real battle )NP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (PP Without (NP some unexpected `` coup de *UNK '' )NP )PP , (NP I )NP (VP do n't (VP see (SBAR (WHNP what )WHNP (S (VP will (VP block (NP the Paribas bid )NP )VP )VP )S )SBAR )VP )VP )S , '' (VP said )VP (NP (NP *UNKC de *UNKC )NP , (NP (NP analyst )NP (PP at (NP the brokerage *UNKC & Cie )NP )PP )NP )NP . )SINV  STOP
(S (NP Mr. de *UNKC )NP (VP said (SBAR (S (NP (NP Mr. Fournier 's )NP biggest hope )NP (VP was (S (VP to (ADVP somehow )ADVP (VP persuade (NP regulatory authorities )NP (S (VP to (VP block (NP the bid )NP )VP )VP )S )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP Paribas )NP (ADVP still )ADVP (VP needs (NP (NP the *UNK- )NP (PP from (NP (NP the Commission *UNK *UNKC de *UNKC )NP , (NP a government regulatory agency )NP )NP )PP )NP )VP )S , but (S (NP analysts )NP (VP said (SBAR (S (NP that )NP (VP is (VP considered (S (ADJP likely )ADJP )S )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP Mr. Fournier )NP (ADVP also )ADVP (VP (VP noted (SBAR that (S (NP Navigation Mixte )NP (VP joined (NP (NP (NP Paribas 's )NP core )NP (PP of (NP shareholders )NP )PP )NP (SBAR (WHADVP when )WHADVP (S (NP Paribas )NP (VP was (VP *UNKED (PP in (NP 1987 )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP , and (VP said (SBAR (S (NP it )NP (ADVP now )ADVP (VP holds (NP (NP (QP just under 5 )QP % )NP (PP of (NP (NP Paribas 's )NP shares )NP )PP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (SBAR (SBAR Once (S (NP he )NP (VP realized (SBAR that (S (NP (NP Paribas 's )NP intentions )NP (VP were n't (ADJP friendly )ADJP )VP )S )SBAR )VP )S )SBAR (PRN , (S (NP he )NP (VP said )VP )S , )PRN but (SBAR before (S (NP the bid )NP (VP was (VP launched )VP )VP )S )SBAR )SBAR , (NP he )NP (VP sought (NP approval (S (VP to (VP boost (NP his Paribas stake )NP (PP above (NP 10 % )NP )PP )VP )VP )S )NP )VP . )S  STOP
(S (S (NP The petition )NP (VP is (ADVP still )ADVP (ADJP pending )ADJP )VP )S , but (S (NP Mr. Fournier )NP (VP *UNKED (NP (NP the likelihood )NP (PP of (S (NP his )NP (VP organizing (NP (NP a takeover bid )NP (PP of (NP his own )NP )PP (PP for (NP the *UNK- Paribas )NP )PP )NP )VP )S )PP )NP )VP )S . )S  STOP
(S (NP One big question )NP (ADVP now )ADVP (VP is (NP (NP the likely role )NP (PP of (NP (NP Mr. Fournier 's )NP allies )NP )PP )NP )VP . )S  STOP
(S (S (NP Mr. Fournier )NP (VP said (SBAR (S (NP (NP the large institutions )NP (SBAR (WHNP that )WHNP (S (VP hold (NP (NP (QP nearly 50 )QP % )NP (PP of (NP (NP Navigation Mixte 's )NP capital )NP )PP )NP )VP )S )SBAR )NP all (ADVP strongly )ADVP (VP support (NP him )NP )VP )S )SBAR )VP )S , but (S (NP some analysts )NP (VP said (SBAR (S (NP they )NP (VP are n't (ADJP so sure )ADJP )VP )S )SBAR )VP )S . )S  STOP
(S (NP Allianz )NP , (PP for (NP example )NP )PP , (VP has (VP said (PP in (NP official comments )NP )PP (ADVP so far )ADVP (SBAR that (S (NP it )NP (VP will (VP remain (ADJP *UNK )ADJP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Paribas )NP (VP is (NP (NP Allianz 's )NP lead French bank )NP )VP . )S  STOP
(S (NP Paribas )NP (VP said (NP Monday )NP (SBAR that (S (NP it )NP (VP intends (S (VP to (VP bid (S (VP to (VP boost (NP (NP its stake )NP (PP in (NP Navigation Mixte )NP )PP )NP (PP to (NP *UNKN % )NP )PP , (PP from (NP (NP the *UNKN % )NP (SBAR (S (NP it )NP (ADVP already )ADVP (VP owns )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The purchase )NP (PP of (NP the additional (ADJP 48 % )ADJP stake )NP )PP )NP (VP is (VP expected (S (VP to (VP cost (NP (NP (QP more than 11 billion )QP francs )NP (PRN -LRB- (NP (QP $ *UNKN billion )QP )NP -RRB- )PRN )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Paribas )NP (VP says (SBAR (S (NP it )NP (VP will (VP (VP offer (NP (NP *UNKN francs )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN (NP each )NP )NP (PP for (NP (NP Navigation Mixte shares )NP (SBAR (WHNP that )WHNP (S (VP enjoy (NP full dividend rights )NP )VP )S )SBAR )NP )PP )VP , and (VP (NP (NP *UNKN francs )NP (NP each )NP )NP (PP for (NP (NP a block )NP (PP of (NP shares )NP )PP (VP issued (NP July 1 )NP )VP , (SBAR (WHNP which )WHNP (S (VP will (VP receive (NP (ADJP only partial )ADJP dividends )NP (NP this year )NP )VP )VP )S )SBAR )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP it )NP (VP is (S (VP to (VP offer (NP three Paribas shares )NP (PP for (NP one Navigation Mixte share )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The Paribas offer )NP (VP values (NP Navigation Mixte )NP (PP at (NP (QP about 23 billion )QP francs )NP )PP , (PP depending (PP on (SBAR (WHNP (WHNP how many )WHNP (PP of (NP (NP Navigation Mixte 's )NP warrants )NP )PP )WHNP (S (VP are (VP converted (PP into (NP shares )NP )PP (PP during (NP the takeover battle )NP )PP )VP )VP )S )SBAR )PP )PP )VP . )S  STOP
(S (NP *UNKC *UNKC CORP. )NP (VP said (SBAR (S (NP it )NP (VP raised (NP (QP $ 92 million )QP )NP (PP from (NP (NP an offering )NP (PP of (NP liquid yield option notes )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP The gross proceeds )NP (PP from (NP (NP the sale )NP (PP of (NP (NP the notes )NP , (SBAR (WHNP which )WHNP (S (VP will (VP be (ADJP due (PP on (NP Nov. 1 , 2004 )NP )PP )ADJP )VP )VP )S )SBAR , )NP )PP )NP )PP )NP (VP will (VP be (VP used (UCP (S (VP to (VP reduce (NP existing debt )NP )VP )VP )S and (PP for (NP general corporate purposes )NP )PP )UCP )VP )VP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP The debt reduction )NP (VP is (VP expected (S (VP to (VP save (NP the (NAC Fort *UNKC , Fla. )NAC home video concern )NP (NP (NP (QP about $ 2 million )QP )NP (NP a year )NP (PP in (NP interest expense )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP The zero-coupon subordinated notes )NP (VP have (NP no *UNK interest payments )NP )VP . )S  STOP
(S (NP Each note )NP (VP is (VP being (VP offered (PP at (NP (NP $ *UNKN )NP (PP per (NP (ADJP $ 1,000 )ADJP principal amount )NP )PP (PP at (NP maturity )NP )PP )NP )PP , (S (VP representing (NP (NP an 8 % yield )NP (PP to (NP maturity )NP )PP )NP )VP )S )VP )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP each note )NP (VP can (VP be (VP converted (PP into (NP *UNKC Entertainment common stock )NP )PP (PP at (NP (NP a rate )NP (PP of (NP (NP *UNKN shares )NP (PP per (NP note )NP )PP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP Merrill Lynch Capital Markets Inc. )NP (VP is (NP (NP the sole underwriter )NP (PP for (NP the offering )NP )PP )NP )VP . )S  STOP
(S (NP The notes )NP (VP will (VP have (NP (NP a principal amount )NP (PP of (NP (QP $ 300 million )QP )NP )PP )NP (PP at (NP maturity )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC shares )NP (VP closed (NP yesterday )NP (PP at (NP $ *UNKN )NP )PP , (ADVP down (NP $ 1.125 )NP )ADVP , (PP in (NP New York Stock Exchange trading )NP )PP )VP . )S  STOP
(S (NP The 1986 Tax Reform Act )NP (VP has (ADVP nearly )ADVP (VP eliminated (NP (NP the number )NP (PP of (NP large , profitable corporations )NP )PP (SBAR (WHNP that )WHNP (S (VP do n't (VP pay (NP federal income tax )NP )VP )VP )S )SBAR )NP , (PP according (PP to (NP (NP (NP *UNKC )NP (PP for (NP Tax Justice )NP )PP )NP , (NP a *UNK , *UNKED research and lobbying group )NP )NP )PP )PP )VP )VP . )S  STOP
(S (PP In (NP (NP a study )NP (PP of (NP (NP 250 )NP (PP of (NP (NP the nation 's )NP *UNK companies )NP )PP )NP )PP )NP )PP , (NP the group )NP (VP found (SBAR that (S (NP (QP only seven )QP )NP (VP managed (S (VP to (VP avoid (S (VP paying (NP federal income taxes )NP )VP )S )VP )VP )S (NP last year )NP (PP compared (PP with (FRAG (FRAG (NP 40 )NP (PP in (NP (NP 1986 )NP , (NP (NP the last year )NP (SBAR (S (NP the old tax rules )NP (VP were (PP in (NP effect )NP )PP )VP )S )SBAR )NP )NP )PP )FRAG , and (FRAG (NP 16 )NP (PP in (NP (NP 1987 )NP , (SBAR (WHADVP when )WHADVP (S (NP (NP some )NP (PP of (NP the new tax provisions )NP )PP )NP (VP went (PP into (NP effect )NP )PP )VP )S )SBAR )NP )PP )FRAG )FRAG )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP (NP 41 companies )NP (SBAR (WHNP that )WHNP (S (VP paid (NP no federal income tax )NP (PP (PP from (NP 1981 )NP )PP (PP through (NP 1985 )NP )PP )PP (PRN -- (PP despite (NP (NP billions )NP (PP of (NP (NP dollars )NP (PP of (NP profits )NP )PP )NP )PP )NP )PP -- )PRN )VP )S )SBAR )NP (VP ended (PRT up )PRT (S (VP paying (NP (NP an average )NP (PP of (NP (NP *UNKN % )NP (PP of (NP their income )NP )PP )NP )PP )NP (PP in (NP federal taxes )NP )PP (PP in (NP 1988 )NP )PP )VP )S )VP . )S  STOP
(S (NP The report )NP , (S (VP released (NP yesterday )NP )VP )S , (VP comes (SBAR as (S (NP Congress )NP (VP is (VP considering (NP (NP a number )NP (PP of (NP special tax breaks )NP )PP )NP (SBAR (NP (QP only three )QP years )NP after (S (NP the sweeping *UNK- legislation )NP (VP *UNKED or *UNKED (NP many *UNK )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP the corporate *UNK )NP )PP , (NP the 1986 law )NP (VP (VP *UNKED (NP the *UNK- credit )NP )VP , (VP scaled (PRT back )PRT (NP (NP use )NP (PP of (NP (NP an accounting method )NP (SBAR (WHNP that )WHNP (S (VP allowed (S (NP large contractors )NP (VP to (VP *UNK (NP taxes )NP (SBAR until (S (NP a project )NP (VP was (VP completed )VP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )NP )PP )NP )VP and (VP strengthened (NP (NP the so-called alternative minimum tax )NP , (NP (NP a *UNK )NP (SBAR (S (VP to (VP ensure (SBAR (S (NP all *UNKING businesses )NP (VP pay (NP some federal tax )NP )VP )S )SBAR )VP )VP )S )SBAR )NP )NP )VP )VP . )S  STOP
(S (NP (NP The combination )NP (PP of (NP (NP lower rates )NP and (NP fewer *UNK )NP )NP )PP )NP (VP has (VP meant (SBAR that (S (NP (NP the so-called average effective tax rate )NP (PRN -- (NP (NP the rate )NP (VP (ADVP actually )ADVP paid )VP )NP -- )PRN (PP of (NP (NP the 250 corporations )NP (VP surveyed )VP )NP )PP )NP (VP reached (NP *UNKN % )NP (PP in (NP 1988 )NP )PP , (PP compared (PP with (FRAG (NP *UNKN % )NP (PP in (NP (NP the years )NP (PP (PP from (NP 1981 )NP )PP (PP through (NP 1985 )NP )PP )PP )NP )PP )FRAG )PP )PP )VP )S )SBAR , (PP according (PP to (NP the study )NP )PP )PP )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP corporations )NP (VP are (ADVP now )ADVP (VP *UNKING (NP (NP a bigger share )NP (PP of (NP the tax burden )NP )PP )NP , (SBAR as (S (NP (NP the authors )NP (PP of (NP the 1986 law )NP )PP )NP (VP hoped )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP Corporate taxes )NP (VP paid (PP for (NP (NP (QP almost 12 )QP % )NP (PP of (NP federal spending )NP )PP )NP )PP (PP in (NP 1988 )NP )PP (PRN -- (PP excluding (NP Social Security )NP )PP -- )PRN (PP compared (PP with (FRAG (NP (QP less than 8 )QP % )NP (PP in (NP (NP the first half )NP (PP of (NP the 1980s )NP )PP )NP )PP )FRAG )PP )PP )VP )S , (NP the study )NP (VP found )VP . )S  STOP
(S `` (S (NP Tax reform )NP (VP is (VP working )VP )VP )S , '' (NP the study )NP (VP said )VP . )S  STOP
(S `` (PP Under (NP the new *UNK- law )NP )PP , (NP (NP the days )NP (PP of (NP widespread , wholesale corporate tax *UNK )NP )PP )NP (VP have (VP come (PP to (NP an end )NP )PP )VP )VP . '' )S  STOP
(S (S (ADVP Still )ADVP , (NP (NP *UNKC Co. )NP , (NP Pinnacle West Capital Corp. )NP , (NP *UNKC Corp. )NP , (NP Illinois Power Co. )NP , (NP *UNKC General Inc. )NP , (NP Santa Fe Southern Pacific Corp. )NP and (NP Gulf States Utilities Co. )NP , )NP (VP did n't (VP pay (NP any federal income tax last year )NP (SBAR although (S (NP they )NP (VP *UNKED (NP (NP a total )NP (PP of (NP (NP (QP $ 1.2 billion )QP )NP (PP in (NP profits )NP )PP )NP )PP )NP )VP )S )SBAR )VP )VP )S , (NP the group )NP (VP said )VP . )S  STOP
(S (PP In (NP fact )NP )PP , (NP (NP six )NP (PP of (NP those companies )NP )PP )NP (VP received (NP (NP *UNK )NP , (SBAR (WHNP which )WHNP (S (VP totaled (NP (QP $ 120 million )QP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The lobbying group )NP (VP used (NP (ADJP publicly available )ADJP information )NP (S (VP to (VP *UNK (NP (NP (NP each company 's )NP domestic profits )NP and (NP its federal income tax payments )NP )NP )VP )VP )S )VP . )S  STOP
(S (NP This )NP (VP is (NP (NP the *UNK year )NP (SBAR (S (NP (NP Citizens )NP (PP for (NP Tax Justice )NP )PP )NP (VP has (VP released (NP (NP a study )NP (PP on (NP corporate tax bills )NP )PP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Earlier reports )NP , (SBAR (WHNP which )WHNP (S (VP *UNKED (SBAR that (S (NP (QP as many as 73 )QP companies )NP (VP were (VP *UNKING (NP income tax )NP (ADVP *UNKLY )ADVP )VP )VP )S )SBAR )VP )S )SBAR , )NP (VP have (VP been (VP credited (PP with (S (VP helping (S (VP *UNK (NP efforts (S (VP to (VP overhaul (NP the tax code )NP )VP )VP )S )NP )VP )S )VP )S )PP )VP )VP )VP . )S  STOP
(S (S But (SBAR even though (S (NP companies )NP (VP are (VP paying (NP more taxes )NP )VP )VP )S )SBAR , (NP many )NP (VP are (ADVP still )ADVP (VP paying (NP (NP less )NP (PP than (NP the *UNK rate )NP )PP )NP )VP )VP )S , (NP the report )NP (VP said )VP . )S  STOP
(S And (NP 45 companies )NP (VP paid (NP (NP effective tax rates )NP (PP of (NP (NP (QP below 10 )QP % )NP (PP of (NP their income )NP )PP )NP )PP )NP )VP . )S  STOP
(S `` (S (SBAR While (S (NP the overall picture )NP (VP is (ADJP very encouraging )ADJP )VP )S )SBAR , (NP significant corporate tax *UNK )NP (VP continues )VP )S , '' (NP the study )NP (VP said )VP . )S  STOP
(S (NP Glenn Hall )NP (VP contributed (PP to (NP this article )NP )PP )VP . )S  STOP
(S (NP (NP F. *UNKC *UNKC )NP , (ADJP (NP 46 years )NP old )ADJP , )NP (VP was (VP named (S (NP chief executive officer )NP )S )VP )VP . )S  STOP
(S (NP He )NP (VP (VP retains (NP (NP his *UNK )NP (PP of (NP (NP president )NP and (NP chief operating officer )NP )NP )PP )NP )VP and (VP succeeds (PP as (NP chief executive )NP )PP (NP (NP Howard O. *UNKC Jr. )NP , (SBAR (WHNP who )WHNP (S (VP remains (NP (NP chairman )NP (PP of (NP the board )NP )PP )NP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP makes (NP (NP electronic *UNK )NP and (NP data acquisition systems )NP )NP )VP . )S  STOP
(S (PP In (NP (NP search )NP (PP of (NP (NP buyers )NP (PP for (NP (NP upscale department-store chains )NP (PP such as (NP (NP Bloomingdale 's )NP and (NP Saks Fifth Avenue )NP )NP )PP )NP )PP )NP )PP )NP )PP , (NP investment bankers )NP (VP are (VP turning (PP to (PRN -- (FRAG who else )FRAG ? )PRN (NP The Japanese )NP )PP )VP )VP . )S  STOP
(S But (ADVP so far )ADVP (NP (NP Japan 's )NP *UNK- retailers )NP (VP are (VP *UNKING (S (VP to (VP be (NP cautious *UNK )NP )VP )VP )S )VP )VP . )S  STOP
(S `` (NP We )NP (VP have (NP (NP the money )NP (SBAR (S (VP to (VP buy )VP )VP )S )SBAR )NP )VP . )S  STOP
(SINV (S But (S (VP operating (NP a U.S. department-store chain )NP )VP )S (VP would (VP be (ADJP very difficult )ADJP )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP managing director )NP (PP of (NP (NP the international division )NP (PP at (NP (NP *UNKC Ltd. )NP , (NP (NP one )NP (PP of (NP (NP Japan 's )NP leading department stores )NP )PP )NP )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP Japanese retail executives )NP (VP say (S (NP (NP the main reason )NP (SBAR (S (NP they )NP (VP are (ADJP reluctant (S (VP to (VP jump (PP into (NP the *UNK )NP )PP (PP in (NP the U.S. )NP )PP )VP )VP )S )ADJP )VP )S )SBAR )NP (VP is (SBAR that (S (PRN -- (PP unlike (NP manufacturing )NP )PP -- )PRN (NP retailing )NP (VP is (ADJP extremely sensitive (PP to (NP local *UNK and life *UNK )NP )PP )ADJP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (S (NP The Japanese )NP (VP have (VP watched (S (NP the Europeans and *UNKC )NP (VP *UNK (PP in (NP the U.S. market )NP )PP )VP )S )VP )VP )S , and (S (NP they )NP (VP *UNK (SBAR that (S (NP (NP business practices )NP (SBAR (WHNP that )WHNP (S (VP have (VP won (NP them )NP (NP huge profits )NP (PP at (NP home )NP )PP )VP )VP )S )SBAR )NP (VP wo n't (VP *UNK (PP into (NP (NP success )NP (PP in (NP the U.S. )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP Japanese department stores )NP (VP are (ADVP also )ADVP (ADJP wary (PP of (S (VP attracting (NP negative publicity )NP )VP )S )PP )ADJP )VP . )S  STOP
(S (PP After (NP (NP (NP Sony Corp. 's )NP recent *UNKING acquisition )NP (PP of (NP Columbia Pictures )NP )PP )NP )PP , (NP many )NP (VP say (SBAR (S (NP (NP it )NP )NP (VP makes (NP good political sense )NP (S (VP to (VP lie (ADVP low )ADVP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's (NP (NP a question )NP (PP of (NP timing )NP )PP )NP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP managing director )NP (PP of (NP international operations )NP )PP (PP at (NP (NP *UNKC Co. )NP , (NP a Tokyo department store )NP )NP )PP )NP )NP . )SINV  STOP
(S (ADVP Still )ADVP , (PP for (NP (NP those )NP (PP with (NP (NP a long-term eye )NP (PP on (NP the vast U.S. retail market )NP )PP )NP )PP )NP )PP , (NP this )NP (VP is (NP (NP a *UNKING time )NP (SBAR (S (VP to (VP look (PP for (NP *UNK )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Britain 's )NP B.A.T Industries PLC )NP (VP is (VP trying (S (VP to (VP *UNK (NP (NP its U.S. retailing operations )NP , (SBAR (WHNP which )WHNP (S (VP include (NP (NP such well-known stores )NP (PP as (NP (NP Saks Fifth Avenue )NP , (NP Marshall Field 's )NP , (NP *UNKC )NP and (NP *UNKC 's )NP )NP )PP )NP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S And (NP (NP *UNK- Campeau Corp. )NP (PP of (NP Toronto )NP )PP )NP (VP is (VP giving (PRT up )PRT (NP the *UNK- (NP Bloomingdale 's )NP group )NP )VP )VP . )S  STOP
(SINV `` (S (NP (NP Every department store )NP (PP in (NP Japan )NP )PP )NP (VP is (VP taking (NP a look )NP )VP )VP )S , '' (VP says )VP (NP (NP Mike Allen )NP , (NP (NP a retail analyst )NP (PP at (NP (NP *UNKC 's )NP de *UNKC *UNKC Securities (PRN -LRB- (NP Japan )NP -RRB- )PRN Ltd )NP )PP )NP )NP . )SINV  STOP
(S (NP Mr. Allen )NP , (ADVP however )ADVP , (VP does n't (VP think (SBAR that (S (NP Japan )NP (VP is (VP about (S (VP to (VP *UNK (PP on (NP a major buying *UNK )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP Nonetheless )ADVP , (NP speculation )NP (VP *UNKED (PRT up )PRT (NP yesterday )NP (SBAR (WHADVP when )WHADVP (S (NP Tokyu Department *UNKC Co. )NP (VP confirmed (NP (NP a report )NP (PP in (NP (NP *UNKC *UNKC *UNKC )NP , (NP (NP Japan 's )NP leading business daily )NP , )NP )PP (SBAR that (S (NP Tokyu )NP (VP is (VP talking (PP with (NP Campeau )NP )PP (PP about (S (VP buying (NP Bloomingdale 's )NP )VP )S )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Tokyu )NP , (ADVP however )ADVP , (VP said (SBAR (S (NP no agreement )NP (VP had (VP been (VP reached )VP )VP )VP )S )SBAR )VP . )S  STOP
(SINV Nor is (NP Tokyu )NP (NP (NP the only Japanese retailer )NP (ADJP interested (PP in (NP (NP Bloomingdale 's )NP , (SBAR (WHNP which )WHNP (S (NP (NP bankers )NP (PP in (NP Tokyo )NP )PP )NP (VP estimate (SBAR (S (VP could (VP cost (NP (QP between $ 1 billion and $ 1.5 billion )QP )NP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )ADJP )NP . )SINV  STOP
(S (S (S (NP *UNKC Japanese department-store groups )NP (VP were (VP approached (PP by (NP (NP investment bankers )NP (VP representing (NP (NP (NP Bloomingdale 's )NP chairman )NP , (NP Marvin *UNKC )NP )NP )VP )NP )PP )VP )VP )S , and (S (NP (QP more than half )QP )NP (VP are (VP seeking (NP (NP additional information )NP (PP on (NP the group )NP )PP )NP )VP )VP )S )S , (NP bankers )NP (VP say )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (NP Mr. *UNKC )NP (VP is (VP hoping (S (VP to (VP put (ADVP together )ADVP )VP )VP )S )VP )VP )S )SBAR (PRN , (S (NP investment bankers )NP (VP say )VP )S , )PRN (VP is (NP (NP a *UNKED group )NP (SBAR (S (VP to (VP buy (NP (NP the New York department-store group )NP (SBAR (WHNP that )WHNP (S (NP he )NP (VP heads )VP )S )SBAR )NP (PP from (NP (NP Campeau 's )NP Federated Department Stores subsidiary )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Federated )NP (VP ran (PP into (NP a cash crunch )NP )PP (SBAR after (S (NP it )NP (VP was (VP acquired (NP last year )NP (PP by (NP (NP Campeau )NP , (SBAR (WHNP which )WHNP (S (VP *UNKED (ADVP heavily )ADVP (PP on (NP debt )NP )PP (S (VP to (VP finance (NP the transaction )NP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (VP *UNKING (PRT off )PRT (NP that debt )NP )VP )S (VP put (NP (NP such a squeeze )NP )NP (PP on (NP (NP Campeau )NP and (NP its stores )NP )NP )PP (SBAR that (S (NP Federated )NP (VP decided (S (VP to (VP sell (PRT off )PRT (NP (NP the *UNK )NP (PP of (NP its retailing empire )NP )PP , (PP including (NP Bloomingdale 's )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (VP *UNKING (S (VP to (VP avoid (NP another takeover )NP )VP )VP )S )VP )S , (NP Mr. *UNKC )NP (VP retained (S (NP (NP *UNKC Group )NP and (NP Drexel Burnham Lambert Inc. )NP )NP (VP to (VP help (S (NP him )NP (VP find (NP (NP partners )NP (PP for (NP a *UNKED buy-out )NP )PP )NP )VP )S )VP )VP )S )VP . )S  STOP
(S (ADVP *UNKLY )ADVP (PRN , (S (NP investment bankers )NP (VP say )VP )S , )PRN (NP he )NP (VP wants (S (VP to (VP get (NP (NP backing )NP (PP from (NP (NP a Japanese department store )NP and (NP a European department store )NP )NP )PP (SBAR (S (VP to (VP *UNK (NP a global retailing network )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(SINV `` (S (SBAR (WHADVP When )WHADVP (S (NP you )NP (VP look (PP at (NP the economics )NP )PP )VP )S )SBAR , (NP *UNKC )NP (VP needs (NP (NP a Japanese )NP and (NP a European )NP (NX partner )NX )NP (S (VP to (VP make (S (NP it )NP (VP work )VP )S )VP )VP )S )VP )S , '' (VP says )VP (NP (NP one investment banker )NP (SBAR (WHNP who )WHNP (S (VP follows (NP the retail industry )NP )VP )S )SBAR )NP . )SINV  STOP
(S `` (S (VP Looking (ADVP only )ADVP (PP at (NP a narrow American strategy )NP )PP )VP )S (VP is n't (SBAR (WHADVP where )WHADVP (S (NP it )NP (VP 's (PP at )PP )VP )S )SBAR )VP . '' )S  STOP
(S (S (S (VP *UNKING (NP *UNK- Japanese retailers )NP (S (VP to (VP get (ADJP involved (PP in (NP (NP the *UNK )NP (PP of (NP the U.S. retailing industry )NP )PP )NP )PP )ADJP )VP )VP )S )VP )S (VP is n't (ADJP likely (S (VP to (VP be (ADJP so easy )ADJP )VP )VP )S )ADJP )VP )S , (NP analysts )NP (VP say )VP . )S  STOP
(S (PP *UNK (PP until (ADVP now )ADVP )PP )PP , (NP most stores )NP (VP have (VP followed (NP the same basic overseas strategy )NP )VP )VP : )S  STOP
(S (ADVP First )ADVP (NP they )NP (VP set (PRT up )PRT (NP (NP overseas *UNKING offices )NP (SBAR (S (VP to (VP (VP import (NP items )NP )VP and (VP track (NP new fashion trends )NP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP Then )ADVP (NP they )NP (VP opened (NP (NP small *UNK shops )NP (VP (ADVP mostly )ADVP aimed (PP at (NP Japanese tourists )NP )PP )VP )NP )VP . )S  STOP
(S (S (ADJP *UNKC (S (VP to (VP advance (ADVP further )ADVP (PP on (NP their own )NP )PP )VP )VP )S )ADJP )S , (NP some stores )NP (VP have (VP settled (PP for (NP (NP *UNK- )NP (PP with (NP famous specialty shops )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Last March )NP , (NP *UNKC )NP (VP invested (NP (NP (QP 1.5 billion )QP yen )NP -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )NP (PP in (NP (NP a venture )NP (PP with (NP (NP (NP Barney 's )NP Inc. )NP , (NP an *UNK- New York specialty *UNK )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP The first (NP Barney 's )NP shop )NP (VP is (VP scheduled (S (VP to (VP open (PP in (NP Japan )NP )PP (NP next year )NP )VP )VP )S )VP )VP . )S  STOP
(S And (NP *UNKC )NP (ADVP recently )ADVP (VP increased (NP (NP its equity stake )NP (PP in (NP *UNKC & Co. )NP )PP )NP (PP to (NP 13 % )NP )PP )VP . )S  STOP
(S (PP Through (NP (NP the longstanding relationship )NP (PP between (NP the two companies )NP )PP )NP )PP , (NP *UNKC )NP (VP has (VP opened (NP (NP 22 *UNKC shops )NP (PP in (NP (NP its stores and *UNK )NP (PP in (NP Japan )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP are (PP under (NP way )NP )PP (S (VP to (VP open (NP (NP a (NP *UNKC 's )NP )NP (PP in (NP Hawaii )NP )PP (SBAR (S (VP to (VP *UNK (PP to (NP Japanese tourists )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP )S ; (S (NP it )NP (VP will (VP be (VP run (ADVP mostly )ADVP (PP by (NP *UNKC )NP )PP )VP )VP )VP )S . )S  STOP
(S (NP Some industry observers )NP (VP say (SBAR that (S (NP (NP *UNKC 's )NP *UNK image )NP (VP makes (S (NP it )NP (NP (NP a possible match )NP (PP for (NP Saks Fifth Avenue )NP )PP )NP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Company officials )NP (VP (VP say (SBAR (S (NP they )NP (VP are (VP studying (NP various proposals )NP )VP )VP )S )SBAR )VP but (VP wo n't (VP discuss (NP details )NP )VP )VP )VP . )S  STOP
(S (NP (NP *UNKC Co. )NP , (NP (NP Japan 's )NP *UNK department store )NP , )NP (VP is (NP (NP another name )NP (SBAR (WHNP that )WHNP (S (VP keeps (S (VP *UNKING (PRT up )PRT (PP as (NP (NP a potential fit )NP (PP with (NP Saks )NP )PP )NP )PP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP a *UNKC general manager )NP , )NP (VP admits (SBAR (SBAR that (S (NP (NP his company 's )NP image )NP (VP is (ADJP similar (PP to (NP Saks 's )NP )PP )ADJP )VP )S )SBAR and (SBAR that (S (NP there )NP (VP is (NP (NP some interest )NP (PP in (NP the idea )NP )PP )NP )VP )S )SBAR )SBAR )VP . )S  STOP
(S But (NP he )NP (VP *UNK (ADVP there )ADVP )VP . )S  STOP
(S `` (S (NP We )NP (VP 'd (VP like (S (VP to (VP do (NP business )NP (PP in (NP America )NP )PP )VP )VP )S )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` But (NP it )NP (VP looks (ADJP tough )ADJP )VP . '' )S  STOP
(S (NP *UNKC W. *UNKC )NP (VP contributed (PP to (NP this article )NP )PP )VP . )S  STOP
(S (VP *UNKED (PP by (NP William *UNKC )NP )PP )VP )S  STOP
(S (NP The *UNKC )NP (VP was (PP in (NP the red )NP )PP (NP last year )NP )VP . )S  STOP
(S (NP It )NP (VP said (SBAR (S (NP the regular 1988 deficit )NP (VP amounted (PP to (NP (QP $ *UNKN million )QP )NP )PP , (PP based (PP on (NP (NP (NP revenue )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP and (NP (NP expenses )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S But (NP it )NP (VP said (SBAR (S (NP (NP extraordinary expenditures )NP (PP for (NP (NP its radio station )NP and (NP (NP *UNK )NP (PP of (NP buildings )NP )PP )NP )NP )PP )NP (VP increased (NP the deficit )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A statement )NP (PP from (NP (NP the council )NP (PP of (NP *UNK )NP )PP )NP )PP )NP (VP said (SBAR (S (NP *UNKC )NP (VP had (VP responded (ADVP *UNKLY )ADVP (PP to (NP (NP an appeal )NP (NP last year )NP (S (VP to (VP give (NP more money )NP )VP )VP )S )NP )PP (PP after (NP (NP 1987 's )NP record (ADJP (QP $ 63 million )QP )ADJP deficit )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The statement )NP (VP said (S (NP (NP a (ADJP 5 % )ADJP jump )NP (PP in (NP (NP the `` (NP Peter 's )NP *UNKC '' collection )NP (PRN -- (NP (NP the annual offering )NP (PP from (NP *UNKC )NP )PP (PP to (NP the *UNK )NP )PP )NP -- )PRN )NP )PP )NP (VP helped (S (VP cover (NP the deficit )NP )VP )S )VP )S )VP . )S  STOP
(S (NP (NP Council member *UNKC Gerald Carter )NP (PP of (NP Toronto )NP )PP )NP (VP told (NP *UNKC Radio )NP : `` (S (ADVP Now (SBAR that (S (NP we )NP (VP say (SBAR (S (NP we )NP (VP covered (NP our deficit )NP (NP this year )NP )VP )S )SBAR )VP )S )SBAR )ADVP , (NP people )NP (VP are (VP going (S (VP to (VP (VP relax )VP and (VP say (SBAR (S (S (INTJ well )INTJ (NP that )NP (VP 's (ADJP fine )ADJP )VP )S , (S (NP the *UNKLY *UNKC )NP (VP is (PP out (PP of (NP the hole )NP )PP )PP )VP )S )S )SBAR )VP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S But (NP we )NP (VP 're ... (VP going (S (VP to (VP be (PP in (NP the exact same situation )NP )PP (NP next year )NP )VP )VP )S )VP )VP . '' )S  STOP
(S (S (NP *UNKC President Richard Nixon )NP (VP is (S (VP to (VP visit (NP China )NP (PP at (NP (NP the *UNK )NP (PP of (NP the government )NP )PP )NP )PP (PP beginning (NP Saturday )NP )PP )VP )VP )S )VP )S , (NP the Foreign Ministry )NP (VP announced )VP . )S  STOP
(S (PP According (PP to (NP (NP Mr. Nixon 's )NP office )NP )PP )PP , `` (NP This )NP (VP is (ADVP solely )ADVP (NP a *UNKING trip )NP )VP . )S  STOP
(S (NP There )NP (VP will (VP be (NP (NP no *UNKING )NP , (NP no shopping )NP and (NP no social events )NP )NP )VP )VP . '' )S  STOP
(S (NP (NP Mr. Nixon 's )NP office )NP (VP said (SBAR (S (NP the former president )NP (VP `` (VP expects (S (VP to (VP have (NP (NP *UNK- discussions )NP (PP with (NP the major Chinese leaders )NP )PP )NP )VP )VP )S )VP '' and (VP will (VP give (NP (NP his assessment )NP (PP of (NP those leaders )NP )PP )NP (PP to (NP President Bush )NP )PP (PP upon (NP his return )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A poll )NP (VP conducted (PP in (NP (NP 12 )NP (PP of (NP 16 NATO countries )NP )PP )NP )PP )VP )NP (VP shows (SBAR that (S (NP the Dutch )NP (VP appear (S (VP to (VP be (NP (NP the strongest supporters )NP (PP of (NP the alliance )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The poll )NP , (VP conducted (PP for (NP the Dutch daily De *UNKC )NP )PP (PP by (NP *UNKC International )NP )PP )VP )NP (VP said (SBAR (S (NP (NP 81 % )NP (PP of (NP Dutch people )NP )PP )NP (VP supported (NP NATO )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Canada )NP (VP was (NP the second most *UNK- country )NP (PP with (S (NP 78 % )NP (VP supporting (NP the alliance )NP )VP )S )PP , (S (VP followed (PP by (NP (NP (NP the U.S. )NP (PP with (NP 75 % )NP )PP )NP , (NP (NP Britain )NP (PP with (NP 71 % )NP )PP )NP , (NP (NP Belgium )NP (PP with (NP 69 % )NP )PP )NP and (NP (NP West Germany )NP (PP with (NP 63 % )NP )PP )NP )NP )PP )VP )S )VP . )S  STOP
(S (NP All other countries )NP (VP registered (NP (NP support )NP (PP below (NP 50 % )NP )PP )NP )VP . )S  STOP
(S (NP (NP The Israeli Manufacturers ' )NP Association )NP (VP filed (NP (NP a police complaint )NP (PP against (NP an Arab *UNK maker )NP )PP (PP for (S (VP using (NP (NP the four *UNK )NP (PP of (NP the *UNKED Palestinian flag )NP )PP )NP (PP on (NP *UNK packages )NP )PP )VP )S )PP )NP )VP . )S  STOP
(S `` (NP We )NP (VP asked (NP police )NP (S (VP to (VP *UNK (SBAR (WHADVP why )WHADVP (S (NP they )NP (VP are (VP allowed (S (VP to (VP distribute (NP the flag )NP (PP in (NP this way )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(SINV (S (NP It )NP (VP should (VP be (VP considered (S (PP against (NP the law )NP )PP )S )VP )VP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a spokesman )NP )NP (PP for (NP the association )NP )PP )NP . )SINV  STOP
(S (NP The *UNK )NP (VP (VP is (VP made (PP by (NP the Al *UNKC *UNKC Co. )NP )PP (PP in (NP Bethlehem )NP )PP )VP )VP and (VP is (VP *UNKED (PP in (NP (NP a package )NP (VP *UNKED (PP with (NP (ADJP green , black , red and white )ADJP *UNK )NP )PP )VP )NP )PP )VP )VP )VP . )S  STOP
(S (NP British *UNK authorities )NP (VP say (SBAR (S (NP they )NP (VP have (VP uncovered (NP (NP a *UNK- scheme )NP (SBAR (WHADVP where )WHADVP (S (NP *UNK *UNK dealers )NP (VP (VP (ADVP *UNKLY )ADVP removed (NP *UNK *UNK )NP )VP , (VP *UNKED (NP the *UNK )NP )VP and (VP sold (NP them )NP (PP (PP to (NP U.S. *UNK )NP )PP or (PRN , (PP in (NP large lots )NP )PP , )PRN (PP to (NP British businesses )NP )PP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The scheme )NP (ADVP allegedly )ADVP (VP cost (NP the post office )NP (NP (NP (QP # 10 million )QP )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN (PP in (NP revenue )NP )PP )NP (PP in (NP the past 12 months )NP )PP )VP . )S  STOP
(S (NP Dealers )NP (VP bought (NP the used *UNK )NP (ADVP *UNKLY )ADVP (PP from (NP (NP charities )NP , (PP including (NP the (NAC *UNKC *UNKC (PP for (NP the *UNKC )NP )PP )NAC Association )NP )PP )NP )PP )VP . )S  STOP
(S (NP The charities )NP (ADVP regularly )ADVP (VP sell (NP (NP used *UNK )NP , (SBAR (WHNP which )WHNP (S (NP they )NP (VP collect (PP from (NP (NP children )NP and (NP other *UNK )NP )NP )PP )VP )S )SBAR , )NP (S (VP to (VP raise (NP funds )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP president )NP (PP of (NP (NP Japan 's )NP *UNKC Electric Industrial Co. )NP )PP )NP , )NP (VP presented (NP (NP the U.S. *UNK general )NP (PP in (NP *UNKC )NP )PP )NP (PP with (NP (NP a (ADJP (QP $ 1 million )QP )ADJP check )NP (SBAR (S (VP to (VP help (NP (NP San Francisco 's )NP earthquake victims )NP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (S (NP (NP (NP The company 's )NP U.S. subsidiary )NP , (NP (NP *UNKC Electric Corp. )NP (PP of (NP America )NP )PP )NP , )NP (VP had (VP donated (NP (NP (QP over $ *UNKN )QP worth )NP (PP of (NP *UNKC *UNK and *UNK )NP )PP )NP (PP to (NP residents )NP )PP (PP (ADVP shortly )ADVP after (NP the disaster )NP )PP )VP )VP )S , (NP a company spokesman )NP (VP said )VP . )S  STOP
(S (NP Several other Japanese (NX (NX companies )NX and (NX regional governments )NX )NX )NP (VP have (VP sent (NP aid )NP (PP to (NP San Francisco )NP )PP )VP )VP . )S  STOP
(S (S (NP *UNKC Bank )NP (VP donated (NP $ 500,000 )NP )VP )S , (S (NP Tokyo *UNK )NP (NP $ 15,000 )NP )S and (S (NP (NP the city )NP (PP of (NP *UNKC )NP )PP )NP (NP $ 10,000 )NP )S . )S  STOP
(S (NP Chinese officials )NP (VP are (VP trying (S (VP to (VP use (NP the *UNKC Trade *UNKC )NP (S (VP to (VP *UNK (ADVP back )ADVP (NP overseas traders )NP (PP after (NP (NP the *UNK *UNK )NP (PP on (NP *UNK )NP )PP )NP )PP )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S But (NP *UNK )NP (VP is (ADVP down (PP from (NP previous years )NP )PP )ADVP )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (VP 's (NP more )NP )VP )S )SBAR , (PRN (S (NP a Hong Kong textile trader )NP (VP says )VP )S , )PRN (NP (NP some Chinese *UNK )NP (PP from (NP *UNK- enterprises )NP )PP )NP (VP are (VP *UNKING (NP the *UNK )NP (PP by (S (VP *UNKING (NP their feet )NP (PP on (S (VP *UNKING (NP new business )NP )VP )S )PP )VP )S )PP )VP )VP . )S  STOP
(S `` (S (S (NP They )NP (VP are (ADJP angry (PP about (NP the government )NP )PP )ADJP )VP )S ... so (S (NP they )NP (VP hold (PRT back )PRT (NP the goods )NP )VP )S )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP (NP (NP This *UNK 's )NP edition )NP (PP of (NP the *UNK fair )NP )PP )NP (VP will (VP run (PP through (NP Oct. 31 )NP )PP )VP )VP . )S  STOP
(S (PP *UNKC (NP the *UNK- glass *UNK complex )NP )PP , (NP (NP products )NP (VP ranging (PP (PP from (NP clothing )NP )PP (PP to (NP *UNKC machine *UNK )NP )PP )PP )VP )NP (VP are (PP on (NP display )NP )PP )VP . )S  STOP
(S (NP Fair officials )NP (VP say (SBAR that (S (NP *UNKN *UNK )NP (VP (VP visited (PP during (NP the first five days )NP )PP )VP , (NP (NP a (ADJP 10 % )ADJP drop )NP (PP from (NP the spring *UNK )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP China 's )NP official *UNKC News Agency )NP (VP reported (SBAR that (S (NP (NP the number )NP (PP of (NP foreign businessmen )NP )PP )NP (VP was (ADJP (ADJP greater )ADJP (PP than (NP the previous fair )NP )PP )ADJP )VP )S )SBAR -- (PP without (S (VP providing (NP statistics )NP )VP )S )PP )VP . )S  STOP
(S (PP In (NP (NP another sign )NP (PP of (NP glasnost )NP )PP )NP )PP , (NP (NP (NP (NP Alexander *UNKC 's )NP *UNKED *UNK )NP (PP of (NP Soviet *UNK )NP )PP )NP , `` (NP The *UNKC *UNKC )NP , '' )NP (VP is (ADVP now )ADVP (NP (NP recommended reading )NP (PP in (NP one *UNK- Moscow history class )NP )PP )NP )VP ... . )S  STOP
(S (NP British *UNK officers )NP (VP said (SBAR (S (NP they )NP (VP 'd (VP arrested (NP (NP eight men )NP (VP *UNKING (NP 111 rare *UNK )NP (PP into (NP Britain )NP )PP )VP -- (PP including (NP (NP one man )NP (SBAR (WHNP who )WHNP (S (VP *UNKED (NP (NP a *UNK )NP (PP of (NP *UNK *UNK )NP )PP )NP (PP under (NP his *UNK )NP )PP )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP A *UNK official )NP (VP said (SBAR (S (NP the *UNK )NP (VP followed (NP (NP a `` *UNKC Day '' )NP (PP at (NP (NP *UNKC University )NP (PP in (NP the Netherlands )NP )PP )NP )PP , (NP (NP an event )NP (VP used (PP by (NP some *UNK )NP )PP (PP as (NP an opportunity (S (VP to (VP obtain (NP rare *UNK )NP )VP )VP )S )NP )PP )VP )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNK *UNKC Corp. )NP (VP said (S (NP it )NP (VP (VP 's (VP continuing (NP (NP talks )NP (PP with (NP (NP potential buyers )NP (PP of (NP certain units )NP )PP )NP )PP )NP )VP )VP , but (VP has (VP reached (NP (NP no agreement )NP (PP on (NP any deals )NP )PP )NP )VP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNK *UNKC )NP , (NP a food *UNK and building products maker )NP , )NP (VP is (VP seeking (NP (NP alternatives )NP (PP to (NP (NP an *UNKED (ADJP $ *UNK- )ADJP tender offer )NP (PP of (NP (NP *UNKC Acquisition Corp. )NP , (NP (NP a unit )NP (PP of (NP Rose Partners Limited Partnership )NP )PP )NP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (NP (NP the vehicle )NP (VP being (VP used (S (VP to (VP pursue (PP to (NP acquisition )NP )PP )VP )VP )S )VP )VP )NP )VP . )S  STOP
(S (NP (NP Robert *UNKC )NP , (NP (NP *UNK *UNKC 's )NP executive vice president )NP , )NP (VP said (SBAR (S (NP the company )NP (VP stands (S (VP to (VP *UNK (NP (NP more money )NP )NP (PP through (NP (NP the sale )NP (PP of (NP individual units )NP )PP (PP to (NP others )NP )PP )NP )PP (PP than (PP by (S (VP accepting (NP (NP *UNKC 's )NP offer )NP )VP )S )PP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP Some *UNK earnings reports )NP (VP *UNKED (NP the stock market )NP )VP )S , but (S (NP bond prices )NP (VP fell (ADVP only slightly )ADVP )VP )S and (S (NP the dollar )NP (VP rose (NP a little )NP (PP against (NP most major currencies )NP )PP )VP )S . )S  STOP
(S (NP The Dow Jones Industrial Average )NP (VP tumbled (NP *UNKN points )NP , (PP to (NP *UNKN )NP )PP , (PP in (NP active trading )NP )PP )VP . )S  STOP
(S (NP *UNKC Treasury bonds )NP (VP ended (ADVP slightly higher )ADVP )VP . )S  STOP
(S (NP The dollar )NP (VP (VP rose (ADVP modestly )ADVP (PP against (NP (NP the mark )NP and (NP the yen )NP )NP )PP )VP , but (VP soared (PP against (NP the pound )NP )PP (PP following (NP (NP the resignation )NP (PP of (NP (NP (NP (NP Britain 's )NP *UNK )NP (PP of (NP the Exchequer )NP )PP )NP , (NP Nigel Lawson )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP Analysts )NP (VP have (VP complained (SBAR that (S (NP third-quarter corporate earnings )NP (VP have n't (VP been (ADJP very good )ADJP )VP )VP )S )SBAR )VP )VP )S , but (S (NP the effect )NP (VP hit (ADVP home )ADVP (ADVP particularly hard )ADVP (NP yesterday )NP )VP )S . )S  STOP
(S (NP Compaq Computer )NP (VP (VP *UNKED (NP (NP $ *UNKN )NP (NP a share )NP )NP , (PP to (NP $ 100 )NP )PP )VP , and (VP pulled (NP other technology issues )NP (ADVP lower )ADVP )VP (PP after (S (VP reporting (NP *UNKED earnings )NP (SBAR after (S (NP the stock market )NP (VP closed (NP Wednesday )NP )VP )S )SBAR )VP )S )PP )VP . )S  STOP
(S (NP Later yesterday )NP (NP (NP the nation 's )NP major auto makers )NP (VP added (PP to (NP the *UNK )NP )PP (SBAR (WHADVP when )WHADVP (S (NP (NP they )NP (NP each )NP )NP (VP reported (SBAR (S (NP their core auto operations )NP (VP were (NP net losers )NP (PP in (NP the third quarter )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNK- third-quarter results )NP (VP came (PP amid (NP (NP renewed concern )NP (PP about (NP (NP (NP the volatility )NP (PP of (NP stock prices )NP )PP )NP and (NP (NP the role )NP (PP of (NP *UNKED program trading )NP )PP )NP )NP )PP )NP )PP )VP . )S  STOP
(S (S (VP *UNKC (ADVP together )ADVP )VP )S , (NP the worries )NP (VP prompted (NP (NP a broad sell-off )NP (PP of (NP stocks )NP )PP )NP )VP . )S  STOP
(S (NP (NP The number )NP (PP of (NP (NP stocks )NP (PP on (NP the New York Stock Exchange )NP )PP (SBAR (WHNP that )WHNP (S (VP fell (PP in (NP price )NP )PP (NP yesterday )NP )VP )S )SBAR )NP )PP )NP (VP (VP exceeded (NP 1,000 )NP )VP , (NP (NP a key measure )NP (PP of (NP underlying sentiment )NP )PP (PP among (NP technical analysts )NP )PP )NP )VP . )S  STOP
(S (SBAR Although (S (NP the government )NP (VP said (SBAR (S (NP the economy )NP (VP grew (NP an estimated 2.5 % )NP (PP in (NP the third quarter )NP )PP )VP )S )SBAR )VP )S )SBAR , (PP in (NP (NP line )NP (PP with (NP expectations )NP )PP )NP )PP , (NP analysts )NP (VP are (ADVP increasingly )ADVP (VP predicting (NP (NP (ADJP (ADVP much more )ADVP sluggish )ADJP growth )NP (PRN -- and (ADVP therefore )ADVP (NP more corporate earnings *UNK )NP -- )PRN )NP (PP for (NP the fourth quarter )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP There )NP (VP are (NP (NP (ADJP (NP a lot )NP more )ADJP downward revisions )NP (PP of (NP earnings forecasts )NP )PP (PP than (NP upward revisions )NP )PP )NP )VP )S , '' (VP said )VP (NP (NP *UNKC Joseph Cohen )NP , (NP (NP a market strategist )NP (PP at (NP Drexel Burnham Lambert )NP )PP )NP )NP . )SINV  STOP
(S `` (NP People )NP (VP are (VP questioning (NP corporate profits )NP (PP as (NP (NP a *UNK )NP (PP of (NP support )NP )PP (PP for (NP the equity market )NP )PP )NP )PP )VP )VP . '' )S  STOP
(S (NP The bond market )NP (VP was (ADJP *UNKED (PP by (NP the economic statistics )NP )PP )ADJP )VP . )S  STOP
(S (SBAR While (S (NP bond investors )NP (VP would (VP have (VP preferred (S (NP growth )NP (VP to (VP be (NP (NP a little )NP slower )NP )VP )VP )S )VP )VP )VP )S )SBAR , (NP they )NP (VP were (VP *UNKED (PP by (NP (NP inflation measures )NP (PP in (NP the data )NP )PP (SBAR (WHNP that )WHNP (S (VP showed (S (NP prices )NP (VP rising (PP at (NP (NP a modest annual rate )NP (PP of (NP 2.9 % )NP )PP )NP )PP )VP )S )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (S (NP That )NP (VP is (NP another small *UNK (SBAR for (S (NP the Federal Reserve )NP (VP to (VP lower (NP interest rates )NP (PP in (NP coming weeks )NP )PP )VP )VP )S )SBAR )NP )VP )S , (NP they )NP (VP *UNKED )VP . )S  STOP
(PP In (NP major market activity )NP : )PP  STOP
(S (NP Stock prices )NP (VP fell (ADVP sharply )ADVP (PP in (NP active trading )NP )PP )VP . )S  STOP
(S (NP (NP Volume )NP (PP on (NP the New York Stock Exchange )NP )PP )NP (VP totaled (NP (QP *UNKN million )QP shares )NP )VP . )S  STOP
(S (NP (NP *UNKING issues )NP (PP on (NP the Big Board )NP )PP )NP (VP *UNKED (NP gainers )NP (NP (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )NP )VP . )S  STOP
(S (NP Bond prices )NP (VP were (ADJP barely higher )ADJP )VP . )S  STOP
(S (NP (NP The Treasury 's )NP benchmark 30-year )NP (VP rose (ADVP *UNKLY )ADVP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP on (NP the issue )NP )PP )NP (VP was (NP *UNKN % )NP )VP . )S  STOP
(S (NP The dollar )NP (VP rose (ADVP modestly )ADVP (PP against (NP most major currencies )NP )PP )VP . )S  STOP
(S (PP In (NP late New York trading )NP )PP (NP the dollar )NP (VP was (PP at (NP (NP *UNKN marks )NP and (NP *UNKN yen )NP )NP )PP (PP compared (PP with (NP (NP (NP *UNKN marks )NP and (NP *UNKN yen )NP )NP (NP Wednesday )NP )NP )PP )PP )VP . )S  STOP
(S (NP The dollar )NP (VP soared (PP against (NP (NP the pound )NP , (SBAR (WHNP which )WHNP (S (VP was (PP at (NP $ *UNKN )NP )PP (PP compared (PP with (NP (NP $ *UNKN )NP (NP Wednesday )NP )NP )PP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The House )NP (VP joined (NP the Senate )NP (PP in (S (VP making (S (NP (NP federal *UNK )NP (PP for (NP (NP *UNKC )NP (VP held (PP in (NP World War II *UNK *UNK )NP )PP )VP )NP )PP )NP (NP (NP a legal *UNK )NP (VP requiring (S (NP the Treasury Department )NP (VP to (VP meet (NP (NP *UNKED payments )NP (PP of (NP (NP an estimated (QP $ 1.25 billion )QP )NP (PP during (NP the next several years )NP )PP )NP )PP )NP )VP )VP )S )VP )NP )S )VP )S )PP )VP . )S  STOP
(S (NP The *UNKN roll call )NP (VP came (SBAR as (S (NP the chamber )NP (VP approved (NP (NP a compromise bill )NP (VP (VP *UNKING (NP (QP $ *UNKN billion )QP )NP (PP to (NP (NP the departments )NP (PP of (NP State , Justice , and Commerce )NP )PP )NP )PP (PP in (NP fiscal 1990 )NP )PP )VP and (VP *UNKING (NP increased fees )NP (PP on (NP (NP business interests )NP (VP making (NP (NP filings )NP (PP with (NP the government )NP )PP )NP )VP )NP )PP )VP )VP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP An estimated (QP $ 40 million )QP )NP (VP would (VP come (ADVP annually )ADVP (PP from (NP (NP a new (ADJP $ 20,000 )ADJP charge )NP (PP on (NP (NP *UNK- *UNK )NP (PP to (NP the Justice Department )NP )PP )NP )PP )NP )PP )VP )VP )S , and (S (NP Securities and Exchange Commission filing fees )NP (VP would (VP rise (PP by (NP 25 % )NP )PP (S (VP to (VP fund (NP (NP a (ADJP (QP $ 26 million )QP )ADJP increase )NP (PP in (NP (NP the agency 's )NP budget )NP )PP )NP )VP )VP )S )VP )VP )S . )S  STOP
(S (NP (NP (NP Yesterday 's )NP vote )NP (PP on (NP *UNKC *UNK )NP )PP )NP (VP *UNK (NP (NP final enactment )NP (PP of (NP (NP the *UNK provision )NP , (SBAR (WHNP which )WHNP (S (VP (VP *UNK (NP earlier efforts (S (VP to (VP find (NP offsetting cuts )NP )VP )VP )S )NP )VP but (VP is (VP seen (PP as (NP (NP a (ADJP more realistic )ADJP path )NP (PP to (S (VP *UNKING (NP (NP compensation )NP (VP (ADVP first )ADVP authorized (PP in (NP 1988 )NP )PP )VP )NP )VP )S )PP )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(SINV `` (S (NP (NP The only way )NP (SBAR (S (VP to (VP reduce (NP the costs )NP )VP )VP )S )SBAR )NP (VP is (S (VP to (VP say (SBAR (S (NP we )NP (VP do n't (VP want (S (VP to (VP pay (NP the bill )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP )S )VP )S , '' (VP said )VP (NP (NP Rep. Neal Smith )NP (PRN -LRB- (NP (NP D. )NP , (NP Iowa )NP )NP -RRB- )PRN , (SBAR (WHNP who )WHNP (S (VP *UNKED (S (NP (NP President Bush 's )NP party )NP (VP to (VP back (PRT up )PRT (NP (NP his campaign promise )NP (PP of (S (VP supporting (NP (NP the claims )NP (PP of (NP (NP $ 20,000 )NP (PP per (NP individual )NP )PP )NP )PP )NP )VP )S )PP )NP )VP )VP )S )VP )S )SBAR )NP . )SINV  STOP
(SINV `` (S (VP *UNKC (NP my *UNK )NP )VP )S , '' (VP said )VP (NP Mr. Smith )NP . )SINV  STOP
(S `` (SBAR If (S (NP you )NP (VP 're (PP for (S (VP paying (NP the claims )NP )VP )S )PP )VP )S )SBAR ... (NP I )NP (VP do n't (VP know (SBAR (WHADVP how )WHADVP (S (NP anyone )NP (VP can (VP oppose (NP this )NP )VP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (S (NP No payments )NP (VP would (VP be (VP made (NP this year )NP )VP )VP )VP )S , but (S (S (VP beginning (PP in (NP fiscal 1991 )NP )PP )VP )S , (NP the bill )NP (VP *UNK (NP the government )NP (PP to (NP (NP annual payments )NP (PP of (NP (QP as much as $ 500 million )QP )NP )PP )NP )PP (SBAR until (S (NP (NP the total liability )NP (PP of (NP (QP $ 1.25 billion )QP )NP )PP )NP (VP is (VP met )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP The issue )NP (VP (VP has (VP assumed (NP (NP some )NP (PP of (NP (NP the character )NP (PP of (NP past *UNK- *UNK )NP )PP )NP )PP )NP )VP )VP and (VP *UNK (NP (NP old regional divisions )NP (PP in (NP the Democratic majority )NP )PP )NP )VP )VP . )S  STOP
(S (ADVP (ADVP As much )ADVP (SBAR as (S (NP Republicans )NP (VP led (NP the opposition )NP )VP )S )SBAR )ADVP , (PP among (NP (NP the 53 Democrats )NP (VP voting (PP against (S (VP *UNKING (NP the payments )NP (PP as (NP an *UNK )NP )PP )VP )S )PP )VP )NP )PP , (NP (NP 42 )NP )NP (VP came (PP from (NP (NP the 13 states )NP (PP in (NP (NP the Old *UNKC South )NP and (NP its *UNK )NP )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP (NP The odd mix )NP (PP of (NP departments )NP )PP (PP in (NP the underlying bill )NP )PP )NP (VP makes (S (NP it )NP (NP (NP one )NP (PP of (NP (NP the (ADJP more *UNK )ADJP )NP (PP of (NP the annual appropriations measures )NP )PP )NP )PP )NP )S )VP )S , and (S (NP it )NP (VP is (NP (NP a *UNKING *UNK )NP (PP for (NP (NP a running battle )NP (PP over (NP (NP the fate )NP (PP of (NP the Legal Services Corp )NP )PP )NP )PP )NP )PP )NP )VP )S . )S  STOP
(S (NP The measure )NP (VP (VP provides (NP (NP (QP $ *UNKN million )QP )NP (SBAR (S (VP to (VP maintain (NP services )NP )VP )VP )S )SBAR )NP )VP but (VP would (ADVP sharply )ADVP (VP curb (NP (NP the power )NP (PP of (NP the current board )NP )PP )NP (SBAR until (S (NP *UNK )NP (VP are (VP agreed (PP to )PP (PP by (NP the Bush administration )NP )PP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP (NP The conservative *UNK )NP (PP of (NP (NP the *UNK *UNK )NP , (VP named (PP by (NP former President Reagan )NP )PP )VP , )NP )PP )NP (VP has (VP divided (NP Republicans )NP )VP )VP . )S  STOP
(S And (PP on (NP *UNK- roll calls )NP )PP , (ADVP *UNKN and *UNKN )ADVP , (NP the Appropriations Committee leadership )NP (VP turned (ADVP back )ADVP (NP (NP efforts (S (VP to (VP weaken or strip (NP the proposed restrictions )NP )VP )VP )S )NP (VP (ADVP first )ADVP added (PP by (NP (NP Sen. Warren *UNKC )NP (PRN -LRB- (NP (NP R. )NP , (NP *UNKC )NP )NP -RRB- )PRN )NP )PP )VP )NP )VP )S  STOP
(S (NP (NP The estimated (QP $ 40 million )QP )NP (PP from (NP the new *UNK- *UNK fee )NP )PP )NP (VP would (VP be (VP divided (PP between (NP (NP (NP (NP the Justice Department 's )NP *UNKC Division )NP and (NP the Federal Trade Commission )NP )NP , (SBAR (WHNP which )WHNP (S both (VP face (NP serious cuts )NP (SBAR if (S (NP the income )NP (VP is n't (VP realized )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S (S (NP (NP The Federal Bureau )NP (PP of (NP Investigation )NP )PP )NP (VP is (VP slated (S (VP to (VP receive (NP (QP $ 30 million )QP )NP (PP by (S (VP charging (PP for (NP (NP *UNK services )NP (PP in (NP civil cases )NP )PP )NP )PP )VP )S )PP )VP )VP )S )VP )VP )S , and (S (NP the *UNK )NP (VP will (VP rely (PP on (NP (NP another (QP $ 32 million )QP )NP (PP from (NP (NP bankruptcy charges )NP , (PP including (NP (NP a (ADJP 33 % )ADJP increase )NP (PP in (NP the current filing fee )NP )PP )NP )PP )NP )PP )NP )PP )VP )VP )S . )S  STOP
(S (S (NP (NP The (ADJP (QP $ *UNKN billion )QP )ADJP total )NP (PP for (NP the bill )NP )PP )NP (VP does n't (VP include (NP (NP an estimated (QP $ 1.2 billion )QP )NP (PP in (NP (NP *UNK *UNK- funds )NP (VP approved (PP by (NP the House-Senate conference )NP )PP (NP yesterday )NP )VP )NP )PP )NP )VP )VP )S , and (S (NP (NP the rush )NP (PP of (NP money )NP )PP )NP (VP is (ADVP already )ADVP (VP *UNKING (NP (NP *UNK )NP (PP among (NP (NP states )NP (VP competing (PP for (NP assistance )NP )PP )VP )NP )PP )NP )VP )VP )S . )S  STOP
(S (S (NP The House )NP (VP agreed (S (VP to (VP *UNK (PP for (NP a year )NP )PP (NP (NP a scheduled (ADJP 50 % )ADJP increase )NP (PP in (NP (NP the required state matching funds )NP (PP for (NP *UNK- grants )NP )PP )NP )PP )NP )VP )VP )S )VP )S but , (S (PP by (NP a *UNKN margin )NP )PP , (NP the chamber )NP (VP stripped (NP a Senate initiative (S (VP to (VP raise (NP (NP the minimum grant )NP (PP for (NP (NP smaller states )NP , (PP such as (NP (NP New Hampshire )NP and (NP Delaware )NP )NP )PP , )NP )PP )NP (PP to (NP (QP $ 1.6 million )QP )NP )PP (PP from (NP $ 500,000 )NP )PP )VP )VP )S )NP )VP )S . )S  STOP
(S (NP Few )NP (VP are (ADJP (ADJP more powerful )ADJP )ADJP (PP in (NP (NP the competition )NP (PP for (NP funds )NP )PP )NP )PP (PP than (NP (NP the appropriations committees )NP (NP themselves )NP -- (PP including (NP (NP the three authors )NP (PP of (NP the *UNKC deficit-reduction law )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP (NP a House-Senate conference )NP (PP on (NP (NP yesterday 's )NP bill )NP )PP )NP (VP *UNKED (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP (NP *UNKED funds )NP (PP for (NP (NP a (NAC Fort Worth , Texas , )NAC economic development project )NP (VP backed (PP by (NP former Speaker James Wright )NP )PP )VP )NP )PP )NP )PP )NP )VP )S )SBAR , (NP (NP Sen. *UNKC *UNKC )NP (PRN -LRB- (NP (NP R. )NP , (NP Texas )NP )NP -RRB- )PRN )NP (VP insisted (NP last week )NP (SBAR that (S (NP the money )NP (VP be (VP *UNKED )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The measure )NP (VP includes (NP (NP (QP $ 2 million )QP )NP (VP secured (PP by (NP Mr. *UNKC )NP )PP (PP for (NP (NP a *UNK- project )NP (PP at (NP (NP the University )NP (PP of (NP New Hampshire )NP )PP )NP )PP )NP )PP )VP )NP )VP )S , and (S (NP (NP Sen. *UNKC *UNKC )NP (PRN -LRB- (NP (NP D. )NP , (NP *UNKC . )NP )NP -RRB- )PRN )NP (VP used (NP his power )NP (S (VP to (VP add (NP (NP (QP $ 10 million )QP )NP (PP for (NP (NP an advanced technology initiative )NP (PP in (NP the Commerce Department )NP )PP )NP )PP )NP )VP )VP )S )VP )S . )S  STOP
(S (NP This )NP (VP was (PP in (NP (NP addition )NP (PP to (NP (NP a (ADJP more *UNK )ADJP (ADJP (QP $ 4.5 million )QP )ADJP authorization )NP (PP for (NP (NP a health center )NP (PP in (NP South Carolina )NP )PP (VP *UNK (PP by (NP a *UNKN vote )NP )PP (PP in (NP the House )NP )PP (NP last night )NP )VP )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP The Big Three U.S. auto makers )NP (VP posted (NP (NP losses )NP (PP in (NP their core (ADJP North American )ADJP automotive businesses )NP )PP (PP for (NP the third quarter )NP )PP )NP )VP )S , and (S (NP (NP expectations )NP (PP of (NP continued (NX (NX slow vehicle sales )NX and (NX price wars )NX )NX )NP )PP )NP (VP are (VP casting (NP a *UNK )NP (PP over (NP the fourth period )NP )PP )VP )VP )S . )S  STOP
(S (NP (NP The strongest sign )NP (PP of (NP (NP the Big Three 's )NP *UNK )NP )PP )NP (VP came (PP from (NP (NP Ford Motor Co. )NP , (SBAR (WHNP which )WHNP (S (VP said (SBAR (S (NP it )NP (VP had (NP a loss )NP (PP in (NP its U.S. automotive business )NP )PP (PP for (NP (NP the first time )NP (PP since (NP 1982 )NP )PP )NP )PP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Ford )NP (VP predicted (SBAR (S (NP fourth-quarter net income )NP (VP will (VP fall (PP below (NP the year-earlier level )NP )PP , (PP (ADVP partly )ADVP because of (NP (NP a likely (ADJP (QP $ 500 million )QP )ADJP charge )NP (PP from (NP (NP the sale )NP (PP of (NP its steel operations )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The bleak automotive results )NP (VP were (VP offset (PP by (NP (NP strong earnings )NP (PP from (NP some *UNK- operations )NP )PP )NP )PP )VP )VP . )S  STOP
(S (ADVP Still )ADVP , (NP (NP the combined profit )NP (PP of (NP (NP Ford )NP , (NP Chrysler Corp. )NP and (NP General Motors Corp. )NP )NP )PP )NP (VP fell (NP 44 % )NP (PP to (NP (QP $ 1.02 billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP , (PP excluding (NP (NP a one-time gain )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP (PP at (NP Chrysler )NP )PP (PP from (NP (NP the sale )NP (PP of (NP Mitsubishi Motors Corp. stock )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The last time )NP (SBAR (S (NP all three companies )NP (VP reported (NP (ADJP North American )ADJP automotive losses )NP )VP )S )SBAR )NP (VP was (PP in (NP (NP the recession year )NP (PP of (NP 1982 )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Yesterday 's )NP announcements )NP (VP helped (S (VP spark (NP (NP a *UNK wave )NP (PP of (NP program selling )NP )PP (PP in (NP the stock market )NP )PP )NP )VP )S )VP . )S  STOP
(S (S (NP (NP GM 's )NP common )NP (VP closed (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP , (ADVP down (NP 50 cents )NP )ADVP )VP )S , (S (NP Ford )NP (VP fell (NP 37.5 cents )NP (S (VP to (VP end (PP at (NP $ *UNKN )NP )PP )VP )VP )S )VP )S , and (S (NP Chrysler )NP (VP eased (NP 37.5 cents )NP (PP to (NP $ *UNKN )NP )PP )VP )S , (S (NP all )NP (PP in (NP New York Stock Exchange composite trading )NP )PP )S . )S  STOP
(S (NP (NP The market 's )NP *UNK )NP (VP reflects (NP (NP the *UNK outlook )NP (PP in (NP Detroit )NP )PP )NP )VP . )S  STOP
(S (SBAR As (S (NP Japanese auto makers )NP (VP gained (NP market share )NP )VP )S )SBAR , (NP the Big Three )NP , (PP with (NP (NP GM )NP (PP in (NP the lead )NP )PP )NP )PP , (VP (VP slashed (NP (ADJP North American )ADJP production )NP and (VP launched (NP a retail discounting *UNK )NP )VP )VP )VP . )S  STOP
(S (NP The price war )NP (VP *UNKED (PP in (NP the third quarter )NP )PP (SBAR as (S (NP Big Three factory discounts )NP (VP climbed (PP to (NP (NP (QP more than $ 1,000 )QP )NP (NP a vehicle )NP )NP )PP )VP )S )SBAR , (PP according (PP to (NP industry officials )NP )PP )PP )VP . )S  STOP
(SINV (S (NP GM )NP (ADVP probably )ADVP (VP had (NP the `` *UNK incentives )NP )VP )S , '' (VP said )VP (NP (NP Robert S. Miller )NP , (NP (NP Chrysler 's )NP chief financial officer )NP )NP . )SINV  STOP
(S `` (NP (NP We )NP (NP all )NP )NP (VP did (SBAR (WHNP what )WHNP (S (NP we )NP (VP had (S (VP to (VP do (S (VP to (VP stay (PP within (NP (NP *UNK )NP (PP of (NP them )NP )PP )NP )PP )VP )VP )S )VP )VP )S )VP )S )SBAR )VP . '' )S  STOP
(S (S But (NP the costly efforts )NP (VP did (NP little )NP (S (VP to (VP slow (NP Japanese market gains )NP )VP )VP )S )VP )S , and (S (NP domestic car sales )NP (VP have (VP plunged (NP 19 % )NP (SBAR since (S (NP the Big Three )NP (VP ended (NP (NP many )NP (PP of (NP their programs )NP )PP )NP (NP Sept. 30 )NP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (NP GM , Ford and Chrysler )NP (VP have (ADVP already )ADVP (VP cut (NP fourth-quarter U.S. output plans )NP (NP an estimated 15 % )NP (PP from (NP 1988 levels )NP )PP )VP )VP . )S  STOP
(S (SBAR If (S (NP sales )NP (VP do n't (VP pick (PRT up )PRT )VP )VP )S )SBAR , (S (NP the cuts )NP (VP will (VP go (ADVP deeper )ADVP )VP )VP )S and (S (NP incentives )NP (VP will (VP *UNK (ADVP again )ADVP )VP )VP )S . )S  STOP
(S (NP (NP Ford )NP , (SBAR (WHNP which )WHNP (S (VP has (ADVP long )ADVP (VP *UNKED (PP of (NP its ability (S (VP to (VP weather (NP a downturn )NP )VP )VP )S )NP )PP )VP )VP )S )SBAR , )NP (VP saw (S (NP earnings )NP (VP take (NP a *UNKING )NP )VP )S )VP . )S  STOP
(S (NP The No. 2 auto maker )NP (VP blamed (NP (NP incentive costs )NP and (NP reduced production )NP )NP (PRN -- (S (NP both )NP (NP (NP the result )NP (PP of (NP a (ADJP substantially weaker )ADJP U.S. market )NP )PP )NP )S -- )PRN (PP for (NP (NP a (ADJP 44 % )ADJP drop )NP (PP in (NP net )NP )PP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP , (PP on (NP (NP revenue )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Nearly all the decline )NP (VP came (PP in (NP (NP Ford 's )NP U.S. automotive operations )NP )PP )VP . )S  STOP
(S (NP The (NAC *UNKC , Mich. , )NAC auto maker )NP (VP ran (NP (NP (NP a loss )NP (PP of (NP (QP $ 37 million )QP )NP )PP (PP on (S (VP *UNKING and marketing (NP cars )NP (PP in (NP the U.S. )NP )PP )VP )S )PP )NP , (NP (NP a deterioration )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP (PP in (NP that line )NP )PP (PP from (NP the 1988 quarter )NP )PP )NP )NP )VP . )S  STOP
(S (NP Ford )NP (VP managed (S (VP to (VP show (NP (NP a profit )NP (PP for (NP the quarter )NP )PP )NP )VP )VP )S (PP (ADVP primarily )ADVP because of (NP (NP earnings )NP (PP from (NP (NP overseas auto operations )NP and (NP financial services )NP )NP )PP )NP )PP )VP . )S  STOP
(S (ADVP (NP A year )NP earlier )ADVP , (NP Ford )NP (VP reported (NP (NP record net )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP , (PP on (NP (NP revenue )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP the latest nine months )NP )PP , (NP Ford )NP (VP earned (NP (NP (QP $ *UNKN billion )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (PP compared (PP with (NP (NP (QP $ *UNKN billion )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )PP )VP . )S  STOP
(S (NP The U.S. automotive loss )NP (VP was (NP (NP a sharp *UNK )NP (PP for (NP (NP a company )NP (SBAR (WHNP that )WHNP (S (VP had (VP *UNKED (PRT off )PRT (NP (NP 12 consecutive quarters )NP (PP of (NP improved earnings )NP )PP )NP (PP until (NP the 1989 second quarter )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S But (NP (NP David N. *UNKC )NP , (NP (NP vice president )NP , (NP finance )NP )NP , )NP (VP insisted (SBAR that (S (NP (NP cost-cutting )NP and (NP tight production capacity )NP )NP (VP will (VP make (S (NP results )NP `` (ADJP (ADJP better )ADJP )ADJP (PP in (NP this downturn )NP )PP (PP than (PP in (NP (NP prior *UNK )NP , '' (SBAR (WHADVP when )WHADVP (S (NP Ford )NP (VP had (NP net losses )NP )VP )S )SBAR )NP )PP )PP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Still )ADVP , (NP Mr. *UNKC )NP (VP said (SBAR (S (NP Ford )NP (VP expects (S (NP the U.S. economy )NP (VP to (VP weaken (PP through (NP (NP the end )NP (PP of (NP 1990 )NP )PP )NP )PP , (S (VP causing (NP weaker sales and production )NP )VP )S )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (PP As (NP a result )NP )PP , (NP fourth-quarter profit )NP (VP will (VP come (PRT in )PRT (PP below (NP 1988 results )NP )PP , (SBAR although (S (NP the drop )NP (VP wo n't (VP be (ADJP (ADJP as sharp )ADJP (PP as (NP the (ADJP 44 % )ADJP third-quarter decline )NP )PP )ADJP )VP )VP )S )SBAR )VP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (NP (NP Part )NP (PP of (NP the drop )NP )PP )NP (VP will (VP come (PP from (NP (NP an anticipated charge )NP (PP of (NP (QP as much as $ 500 million )QP )NP )PP (PP from (NP (NP the proposed sale )NP (PP of (NP its Rouge Steel unit )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP the 1988 fourth quarter )NP )PP , (NP Ford )NP (VP had (NP (NP net )NP (PP of (NP (NP (QP $ *UNKN billion )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Chrysler 's )NP operating profit )NP (VP fell (PP to (NP (NP (NP a *UNK (QP $ 22 million )QP )NP , or (NP (NP 10 cents )NP (NP a share )NP )NP )NP , (NP (NP its lowest quarterly total )NP (PP in (NP seven years )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP (NP Its (ADJP (ADJP (QP $ *UNKN million )QP )ADJP , or (ADJP (ADJP $ *UNKN )ADJP (NP a share )NP )ADJP , )ADJP gain )NP (PP from (NP (NP the sale )NP (PP of (NP (QP 75 million )QP Mitsubishi shares )NP )PP )NP )PP )NP (VP made (NP (NP net (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )VP . )S  STOP
(S (NP Sales )NP (VP were (ADJP flat )ADJP (PP at (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP The results )NP (VP include (NP (NP record quarterly earnings )NP (PP of (NP (QP $ 76 million )QP )NP )PP (PP from (NP Chrysler Financial Corp )NP )PP )NP )VP . )S  STOP
(S (ADVP (NP A year )NP earlier )ADVP , (NP (NP Chrysler 's )NP net )NP (VP was (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 50 cents )NP (NP a share )NP )NP )NP )VP . )S  STOP
(S (NP Mr. Miller )NP (VP said (SBAR (S (NP (NP costs )NP (PP of (NP incentives )NP )PP )NP (VP caused (NP (NP a `` moderate '' loss )NP (PP in (NP (NP the (NAC Highland Park , Mich. , )NAC company 's )NP (ADJP North American )ADJP car and truck business )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP He )NP (VP said (SBAR (S (NP the loss )NP (VP was n't `` (ADJP (ADVP that much )ADVP different '' (PP from (NP (NP (NP Ford 's )NP (ADJP (QP $ 37 million )QP )ADJP loss )NP (PP on (NP U.S. automotive operations )NP )PP )NP )PP )ADJP )VP )S )SBAR )VP )S , but (S (NP he )NP (VP declined (S (VP to (VP be (ADJP specific )ADJP )VP )VP )S )VP )S . )S  STOP
(S (NP Mr. Miller )NP (VP said (SBAR (S (NP Chrysler )NP (VP spent (NP (NP an average )NP (PP of (NP $ 1,000 )NP )PP (NP a vehicle )NP )NP (PP on (NP its incentive programs )NP )PP (PP in (NP the third quarter )NP )PP , (PP compared (PP with (NP (NP (NP (NP (QP about $ 450 )QP )NP (NP a vehicle )NP )NP (ADVP (NP a year )NP earlier )ADVP )NP -- (NP (NP a `` *UNK- mark '' )NP (PP at (NP the time )NP )PP )NP )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP Chrysler )NP `` (VP is (ADVP no longer )ADVP (ADJP sure '' (PP of (NP (NP its forecast )NP (PP for (NP (NP industry car and truck sales )NP (PP of (NP (QP *UNKN million )QP )NP )PP (PP in (NP the 1990 model year )NP )PP )NP )PP )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP Consumers )NP (PRN , (S (NP he )NP (VP said )VP )S , )PRN (VP are (VP *UNKING (PP at (NP (NP higher prices )NP (PP on (NP 1990 cars )NP )PP )NP )PP , (PP (ADVP especially )ADVP after (S (VP seeing (NP (NP the *UNKED prices )NP (PP on (NP 1989 models )NP )PP )NP )VP )S )PP )VP )VP . )S  STOP
(S (PP In (NP the nine months )NP )PP , (NP net )NP (VP was (NP (NP (QP $ 1.02 billion )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (PP including (NP (NP the gain )NP (PP from (NP the Mitsubishi stock sale )NP )PP )NP )PP , (PP compared (PP with (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )PP , (PP after (NP (NP a charge )NP (PP of (NP (NP (QP $ 93 million )QP )NP , or (NP (NP 42 cents )NP (NP a share )NP )NP )NP )PP , (PP for (NP (NP plant *UNK )NP (PP in (NP the 1988 period )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Sales )NP (VP rose (NP *UNKN % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP (NP Heavy losses )NP (PP in (NP (ADJP North American )ADJP auto operations )NP )PP )NP (VP sent (S (NP (NP GM 's )NP net )NP (VP *UNKING (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP a record (QP $ *UNKN million )QP )NP )PP )VP )S )VP . )S  STOP
(S (NP *UNKED GM )NP (VP does n't (VP issue (NP (NP separate quarterly earnings )NP (PP for (NP the (ADJP North American )ADJP automotive business )NP )PP )NP )VP )VP . )S  STOP
(S But (NP analysts )NP (VP estimated (SBAR that (S (NP GM )NP (VP had (NP (NP a loss )NP (PP of (NP (QP as much as $ 300 million )QP )NP )PP (PP on (NP domestic vehicle operations )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (S (NP (NP An (ADJP 8.5 % )ADJP drop )NP (PP in (NP (NP (ADJP North American )ADJP factory sales )NP (PP of (NP cars and trucks )NP )PP )NP )PP )NP (VP cut (PP into (NP revenue )NP )PP )VP )S , and (S (NP (NP *UNK )NP (PP to (NP dealers and customers )NP )PP )NP (ADVP more than )ADVP (VP offset (NP (NP gains )NP (PP from (NP (NP price increases )NP (PP on (NP (NP 1990 model vehicles )NP (VP delivered (PP during (NP the period )NP )PP )VP )NP )PP )NP )PP )NP )VP )S )S , (NP a GM spokesman )NP (VP said )VP . )S  STOP
(S But (NP (NP GM 's )NP results )NP (ADVP also )ADVP (VP *UNK (NP (NP the increasing *UNK )NP (PP of (NP its operations )NP )PP )NP )VP . )S  STOP
(S (PP In (NP one breakdown )NP )PP , (NP GM )NP (VP attributed (NP (NP half )NP (PP of (NP its net )NP )PP )NP (PP to (NP (NP its two big technology units )NP , (NP (NP Electronic Data Systems Corp. )NP and (NP GM Hughes Electronics Corp )NP )NP )NP )PP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP GM )NP (VP said (SBAR (S (NP overseas auto operations )NP (VP are (PP on (NP (NP track )NP (SBAR (S (VP to (VP exceed (NP (NP (NP last year 's )NP record full-year net )NP (PP of (NP (QP $ 2.7 billion )QP )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The diversified operations )NP (VP helped (S (NP GM )NP (VP (VP build (NP (NP its cash reserves )NP , (ADJP exclusive (PP of (NP its financial subsidiary )NP )PP )ADJP , )NP (PP to (NP (QP $ 5.5 billion )QP )NP (PP as (PP of (NP Sept. 30 )NP )PP )PP )PP )VP , (NP (NP a (ADJP 22 % )ADJP increase )NP (PP from (ADVP (NP a year )NP earlier )ADVP )PP )NP )VP )S )VP . )S  STOP
(S (NP This *UNK )NP (VP could (VP come (PP in (ADJP *UNK )ADJP )PP (SBAR if (S (NP GM )NP (VP has (S (VP to (VP trim (NP fourth-quarter (ADJP North American )ADJP production schedules )NP (ADVP (ADVP more )ADVP (PP than (NP the (ADJP already scheduled )ADJP 9.5 % )NP )PP )ADVP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (S (PP Under (NP the circumstances )NP )PP , (NP (NP it )NP )NP (VP wo n't (VP be (ADJP easy )ADJP (SBAR for (S (NP GM )NP (VP to (VP exceed (NP (NP its record 1988 fourth-quarter net )NP (PP of (NP (QP $ 1.4 billion )QP )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S , (NP the spokesman )NP (VP acknowledged )VP . )S  STOP
(S (NP That )NP (VP means (SBAR (S (NP it )NP (VP 's (ADJP unlikely (SBAR (S (NP the company )NP (VP will (VP *UNK (NP (NP last year 's )NP (ADJP (QP $ 4.9 billion )QP )ADJP full-year profit )NP )VP )VP )S )SBAR )ADJP , (SBAR even though (S (NP (NP net )NP (PP for (NP the first nine months )NP )PP )NP (VP was (ADVP up (NP 1.9 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP )ADVP (PP on (NP (NP revenue )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP earned (NP (QP $ *UNKN billion )QP )NP (PP on (NP (NP revenue )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP )PP (PP in (NP the 1988 nine months )NP )PP )VP . )S  STOP
(S (NP There )NP (VP are (NP (NP two versions )NP (PP of `` (NP (NP *UNKC )NP (PP for (NP *UNKC )NP )PP )NP '' )PP )NP (PP on (NP stage )NP )PP (PP at (NP (NP the *UNKC *UNKC )NP (ADVP here )ADVP )NP )PP )VP . )S  STOP
(S (S (NP One )NP (VP is (NP (NP a strong , vigorous *UNK )NP (PP of (NP (NP *UNKC 's )NP play )NP )PP )NP )VP )S ; (S (NP the other )NP (VP is (NP (NP (NP director *UNKC Boyd 's )NP *UNK )NP (PP of (NP *UNK- *UNK rock *UNK )NP )PP (PP on (NP old Vienna )NP )PP )NP )VP )S . )S  STOP
(S `` (NP (NP *UNKC )NP (PP for (NP *UNKC )NP )PP )NP '' (VP is (NP (NP one )NP (PP of (NP (NP (NP *UNKC 's )NP `` problem '' plays )NP , (VP (ADVP so )ADVP named (SBAR because (S (NP it )NP (VP does not (VP fit (ADVP *UNKLY )ADVP (PP into (NP (NP a category )NP (PP such as (NP *UNK , comedy or history )NP )PP )NP )PP )VP )VP )S )SBAR )VP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Its (NX (NX *UNK )NX and (NX *UNK *UNK )NX )NX )NP (PP of (NP (NP the serious )NP and (NP the comic )NP )NP )PP )NP (VP is (NP no doubt )NP (NP (NP one reason )NP (SBAR (WHADVP why )WHADVP (S (NP it )NP (VP is (PP (ADVP very much )ADVP in (NP (NP *UNK )NP (PP with (NP directors )NP )PP )NP )PP (ADVP just now )ADVP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP Last season )NP , (NP Hartford *UNKC director Mark *UNKC )NP (VP mounted (NP (NP a production )NP (PP at (NP Lincoln Center )NP )PP )NP )VP )S , and (S (ADVP currently )ADVP (NP (NP two other *UNK )NP (PRN -- (NP (NP (NP one )NP (VP (ADVP just )ADVP closed )VP (PP at (NP (NP the Old Globe )NP (PP in (NP San Diego )NP )PP )NP )PP )NP and (NP (NP another )NP (RRC (ADVP now )ADVP (PP at (NP the Seattle *UNKC )NP )PP )RRC )NP )NP -- )PRN )NP (VP *UNK (PP with (NP Mr. Boyd 's )NP )PP )VP )S . )S  STOP
(S (PP In (NP the play )NP )PP , (NP (NP the *UNKC )NP (PP of (NP Vienna )NP )PP )NP (VP (VP *UNK (PP over (NP (NP the *UNK )NP (PP of (NP his subjects )NP )PP )NP )PP )VP and (VP turns (PRT over )PRT (NP (NP the rule )NP (PP of (NP the city )NP )PP )NP (PP to (NP the *UNK *UNKC )NP )PP , (S (VP hoping (SBAR (S (NP he )NP (VP can (VP set (S (NP things )NP (ADJP right )ADJP )S )VP )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP *UNKC )NP (VP *UNK (SBAR that (S (NP the young man *UNKC )NP (VP has (VP made (S (NP his *UNK )NP (ADJP pregnant )ADJP )S (SBAR before (S (NP he )NP (VP could (VP *UNK (NP her )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )S )SBAR , (NP Angelo )NP (ADVP *UNKLY )ADVP (VP *UNK (NP *UNKC )NP (PP to (NP death )NP )PP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP , (S (ADVP however )ADVP , (NP (NP (NP *UNKC 's )NP sister )NP , (NP *UNKC )NP , (NP (NP a *UNK )NP (PP in (NP a *UNK )NP )PP )NP , )NP (VP goes (PP to (NP Angelo )NP )PP (S (VP to (VP plead (NP (NP her brother 's )NP case )NP )VP )VP )S )VP )S )SBAR , (NP the *UNK *UNK )NP (ADVP immediately )ADVP (VP (VP falls (PP in (NP (NP love )NP (PP with (NP her )NP )PP )NP )PP )VP and , (VP (PRN (PP in (NP (NP a *UNK act )NP (PP of (NP *UNK )NP )PP )NP )PP , )PRN demands (SBAR that (S (NP *UNKC )NP (VP yield (PRT up )PRT (NP her *UNK )NP (PP to (NP him )NP )PP (PP in (NP (NP exchange )NP (PP for (NP (NP her brother 's )NP life )NP )PP )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP the *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP set (NP the original scheme )NP (PP in (NP motion )NP )PP )VP )S )SBAR , )NP (VP (VP appears (PP on (NP the scene )NP )PP (S (VP *UNKED (PP as (NP a *UNK )NP )PP )VP )S )VP and (VP becomes (ADJP involved (PP in (NP (NP a series )NP (PP of (NP *UNK )NP )PP (SBAR (WHNP that )WHNP (S (VP has (S (NP everyone )NP (VP *UNKING (NP the (ADJP worst possible )ADJP outcome )NP (SBAR until (S (NP the *UNKC )NP (VP *UNK (NP (NP a last minute *UNK )NP (PP for (NP all concerned )NP )PP )NP )VP )S )SBAR )VP )S )VP )S )SBAR )NP )PP )ADJP )VP )VP . )S  STOP
(S (PP For (NP the *UNKC production )NP )PP , (NP scene designer Peter David Gould )NP (VP has (VP arranged (NP (NP a (ADJP (ADJP *UNK )ADJP but (ADJP extremely effective )ADJP )ADJP set )NP (VP featuring (NP (NP a *UNK platform )NP (PP of (NP *UNKED boards )NP )PP (SBAR (WHNP that )WHNP (S (VP *UNK (PP into (NP the audience )NP )PP )VP )S )SBAR )NP )VP )NP )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP the action )NP (VP requires )VP )S )SBAR , (NP (NP a prison cell )NP , (VP consisting (PP of (NP an *UNKED wire *UNK )NP )PP )VP , )NP (VP rolls (ADVP forward )ADVP (PP on (NP iron *UNK )NP )PP (PP on (NP the platform )NP )PP )VP . )S  STOP
(S (PP In (NP (NP the play 's )NP major *UNK )NP )PP (NP Mr. Boyd )NP (VP *UNK (SBAR that (S (NP he )NP (VP has (NP (NP a firm *UNK )NP (PP of (NP the *UNKC *UNK )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (SBAR (SBAR (WHADVP When )WHADVP (S (NP (NP *UNKC )NP (PRN -LRB- (NP *UNKC *UNKC )NP -RRB- )PRN )NP (VP *UNK (NP (NP her brother *UNKC )NP (PRN -LRB- (NP *UNKC *UNKC )NP -RRB- )PRN )NP (PP in (NP his cell )NP )PP , (S (VP explaining (NP (NP the price )NP (SBAR (S (NP she )NP (VP has (VP been (VP asked (S (VP to (VP secure (NP his freedom )NP )VP )VP )S )VP )VP )VP )S )SBAR )NP )VP )S )VP )S )SBAR ; (SBAR (WHADVP when )WHADVP (S (NP (NP *UNKC )NP and (NP (NP the *UNKED *UNKC )NP (PRN -LRB- (NP Philip *UNKC )NP -RRB- )PRN )NP )NP (VP *UNK (S (VP to (VP *UNK (NP Angelo )NP )VP )VP )S )VP )S )SBAR ; and (SBAR (WHADVP when )WHADVP (S (NP (NP *UNKC )NP (PRN -LRB- (NP *UNKC *UNKC )NP -RRB- )PRN , (NP (NP a woman )NP (VP *UNKED (PP by (NP Angelo )NP )PP )VP )NP , )NP (VP *UNK (NP him )NP (PP with (NP his past *UNK )NP )PP )VP )S )SBAR )SBAR , (NP the *UNK )NP (VP bring (NP the dramatic high points )NP (PP to (NP life )NP )PP (PP with (NP (NP intense energy )NP and (NP intelligence )NP )NP )PP )VP . )S  STOP
(S (PP At (NP such *UNK )NP )PP (NP Mr. Boyd )NP (VP makes (S (NP (NP it )NP )NP (ADJP clear )ADJP (SBAR that (S (NP he )NP (VP has (NP (NP the capacity )NP (SBAR (S (VP to (VP be (NP (NP a superior *UNK )NP (PP of (NP *UNKC )NP )PP )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )S )VP . )S  STOP
(S (SBAR (SBAR (WHADVP When )WHADVP , (S (ADVP however )ADVP , (NP he )NP (VP decides (S (VP to (VP be (ADJP modern )ADJP )VP )VP )S )VP )S )SBAR , or (ADVP more *UNKLY )ADVP , (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP decides (S (VP to (VP be (ADJP *UNK )ADJP )VP )VP )S )VP )S )SBAR )SBAR , (NP the results )NP (VP are (ADJP (ADVP far less )ADVP *UNK )ADJP )VP . )S  STOP
(S (NP Mr. Boyd )NP (VP is (PP of (NP (NP the *UNK school )NP (SBAR (WHNP that )WHNP (S (VP believes (SBAR (S (NP one )NP (VP must (VP find (NP modern *UNK or *UNK )NP (S (VP to (VP make (S (NP *UNKC )NP (ADJP *UNK (PP to (NP (NP today 's )NP audiences )NP )PP )ADJP )S )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (S (NP It )NP (VP 's (NP a valid approach )NP )VP )S , but (S (NP it )NP (VP puts (NP a heavy burden )NP (PP on (NP the director )NP )PP (S (VP to (VP show (NP (NP an *UNK degree )NP (PP of (NP *UNK and taste )NP )PP )NP )VP )VP )S )VP )S . )S  STOP
(S (PP In (NP his `` (NX *UNKC )NX )NP )PP , '' (NP Mr. Boyd )NP (VP has (VP `` *UNKED '' (NP (NP the *UNK and *UNK )NP (PP of (NP Vienna )NP )PP (SBAR (WHNP whom )WHNP (S (NP Angelo )NP (VP is (VP supposed (S (VP to (VP bring (PP under (NP control )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP (PP by (S (VP *UNKING (NP them )NP (PP into (NP (NP *UNK )NP , (NP *UNK *UNK )NP and (NP heavy metal types )NP )NP )PP , (PP with (NP (NP a strong emphasis )NP (PP on (NP (NP *UNK )NP , (NP chains )NP and (NP *UNKED *UNK )NP )NP )PP )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S (NP *UNKC rock music )NP (VP *UNK (NP (NP all the scene changes )NP , even (NP (NP those )NP (PP in (NP the *UNK )NP )PP )NP )NP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP *UNKC )NP (VP is (VP arrested )VP )VP )S )SBAR , (NP he )NP (VP is (VP brought (PP on (NP stage )NP )PP (S (ADJP *UNK (PP except (PP for (NP (NP the *UNK )NP (PP on (NP his *UNK and *UNK )NP )PP )NP )PP )PP )ADJP )S )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP (NP the *UNK *UNKC )NP (PRN -LRB- (NP Jack *UNKC )NP -RRB- )PRN )NP (VP visits (NP the *UNK )NP (S (VP to (VP *UNK (NP *UNKC )NP (PP of (NP (NP her brother 's )NP fate )NP )PP )VP )VP )S )VP )S )SBAR , (NP *UNKC )NP (VP (CONJP not only )CONJP (VP *UNK (NP the mother superior )NP (PP on (NP her *UNK )NP )PP )VP , but (VP brings (PRT along )PRT (NP (NP a *UNK *UNK )NP (PRN -LRB- (NP *UNKC *UNKC )NP -RRB- )PRN , (PP not in (NP (NP Shakespeare 's )NP *UNK )NP )PP , (SBAR (S (VP to (VP *UNK (ADVP *UNKLY )ADVP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP the *UNK *UNKC )NP (PRN -LRB- (NP *UNKC Allen *UNKC )NP -RRB- )PRN )NP , (S (VP *UNKED (PP in (NP (NP black leather )NP and (NP a prominent *UNK )NP )NP )PP )VP )S , (VP *UNK (PP in (NP (NP enough (NX (NX *UNK *UNK )NX and (NX *UNK *UNK )NX )NX )NP (SBAR (S (VP to (VP launch (NP a space probe )NP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The problem )NP (ADVP here )ADVP (VP is not (PP (PP in (NP the concept )NP )PP but (PP in (NP (NP its lack )NP (PP of (NP discrimination )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP (NP The *UNK )NP (PP at (NP one point )NP )PP (PRN , (PP for (NP example )NP )PP , )PRN (PP of (NP (NP a list )NP (PP of (NP (NP *UNK *UNK- *UNK )NP , (VP ranging (PP (PP from (NP (NP Jim *UNKC )NP and (NP *UNKC Helmsley )NP )NP )PP (PP to (NP *UNKC *UNKC *UNKC )NP )PP )PP )VP , )NP )PP )NP )PP )NP (VP is (NP (NP a bid )NP (PP for (NP (NP a cheap *UNK )NP (ADJP *UNK (PP of (NP (NP Mr. Boyd 's )NP ability )NP )PP )ADJP )NP )PP )NP )VP . )S  STOP
(S (PP Despite (NP the *UNK )NP )PP , (ADVP however )ADVP , (NP (NP the *UNK )NP (PP for (NP the production )NP )PP )NP (VP has (NP (NP (ADJP many more )ADJP *UNK )NP (PP than (NP *UNK )NP )PP )NP )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (VP 's (NP more )NP )VP )S )SBAR , (NP it )NP (VP represents (NP (NP an important step )NP (PP for (NP the *UNKC *UNKC )NP )PP )NP )VP . )S  STOP
(S `` (NP (NP *UNKC )NP (PP for (NP Measure )NP )PP )NP '' (VP is (NP (NP (NP Mr. Boyd 's )NP first *UNK *UNK )NP (PP as (NP (NP the theater 's )NP new *UNK director )NP )PP )NP )VP . )S  STOP
(S (NP He )NP (VP succeeded (NP (NP *UNKC Brown )NP , (SBAR (WHNP who )WHNP (S (VP was (VP fired (PP by (NP the *UNKC board )NP )PP (ADVP (NP 18 months )NP ago )ADVP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Her dismissal )NP (VP (VP *UNKED (NP (NP many )NP (PP in (NP the regional theater establishment )NP )PP )NP )VP and (VP led (S (NP (NP Peter *UNKC )NP , (NP (NP head )NP (PP of (NP *UNKC Communications Group )NP )PP )NP , )NP (VP to (VP write (NP (NP an editorial )NP (PP in (NP American *UNKC magazine )NP )PP (VP *UNKING (NP the board )NP )VP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP None )NP (PP of (NP this *UNK )NP )PP )NP (VP could (VP change (NP the fact (SBAR that (S (NP (NP Ms. Brown 's )NP regime )NP (VP was (ADJP *UNKLY *UNKED and *UNK )ADJP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (ADVP Now )ADVP (NP the *UNKC )NP (VP has (VP moved (ADVP ahead )ADVP (PP on (NP (ADJP both *UNK and financial )ADJP *UNK )NP )PP )VP )VP . )S  STOP
(S (SINV (CONJP Not only )CONJP is (NP Mr. Boyd )NP (VP giving (NP the theater )NP (NP (NP a new sense )NP (PP of (NP *UNK and *UNK )NP )PP (PP on (NP stage )NP )PP )NP )VP )SINV , (S (NP the balance sheet )NP (VP is (NP (NP the best )NP (SBAR (S (NP the theater )NP (VP has (VP had (PP in (NP 10 years )NP )PP )VP )VP )S )SBAR )NP )VP )S . )S  STOP
(S (SBAR As (S (VP opposed (PP to (NP (NP the (ADJP (QP $ 1.4 million )QP )ADJP deficit )NP (PP of (NP the *UNKN season )NP )PP )NP )PP )VP )S )SBAR , (NP the *UNKN year )NP (VP concluded (PP with (NP (NP a (ADJP $ 200,000 )ADJP surplus )NP and (NP a (ADJP $ 500,000 )ADJP cash reserve )NP )NP )PP )VP . )S  STOP
(S (S (ADVP *UNKLY )ADVP (NP (NP (NP last season 's )NP *UNK hit )NP , `` (NP Steel *UNKC )NP , '' )NP (VP helped (NP a lot )NP )VP )S , but (SINV (ADVP so )ADVP (VP did )VP (NP (NP cost cutting )NP and (NP (NP other measures )NP (VP insisted (PP on )PP (PP by (NP the board )NP )PP )VP )NP )NP )SINV . )S  STOP
(S (NP Only time )NP (VP will (VP tell (SBAR if (S (NP Mr. Boyd )NP (VP can (VP restore (PP to (NP the *UNKC )NP )PP (NP (NP the *UNK )NP (SBAR (S (NP it )NP (VP received (SBAR (WHADVP when )WHADVP (S (NP (NP its founder )NP , (NP *UNKC *UNKC )NP , )NP (VP was (PP at (NP (NP the *UNK )NP (PP of (NP her powers )NP )PP )NP )PP )VP )S )SBAR )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S But (NP it )NP (VP is (ADJP clear (SBAR (S (NP he )NP (VP is (VP going (S (VP to (VP give (NP it )NP (NP a shot )NP )VP )VP )S )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP Democratic leaders )NP (VP (VP have (VP *UNKED (PRT up )PRT (NP (NP President Bush 's )NP capital-gains tax cut )NP (PP in (NP the Senate )NP )PP )VP )VP and (VP may (VP be (ADJP able (S (VP to (VP prevent (NP (NP a vote )NP (PP on (NP the issue )NP )PP )NP (ADVP *UNKLY )ADVP )VP )VP )S )ADJP )VP )VP )VP . )S  STOP
(S (NP (NP Senate Majority Leader George Mitchell )NP (PRN -LRB- (NP (NP D. )NP , (NP Maine )NP )NP -RRB- )PRN )NP (VP said (SBAR (S (NP he )NP (VP intends (S (VP to (VP use (NP Senate procedures )NP (S (VP to (VP force (S (NP (NP advocates )NP (PP of (NP the tax cut )NP )PP )NP (VP to (VP come (PRT up )PRT (PP with (NP (QP at least 60 )QP votes )NP )PP (SBAR before (S (NP they )NP (VP can (VP address (NP the issue )NP )VP )VP )S )SBAR )VP )VP )S )VP )VP )S )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S And (NP neither Democrats nor Republicans )NP (VP are (VP predicting (SBAR that (S (NP the capital-gains forces )NP (VP can (VP produce (NP enough votes )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S `` (S (S (NP The *UNK- requirement )NP (VP will (VP be (ADVP there )ADVP )VP )VP )S and (S (NP they )NP (VP do n't (VP have (NP the 60 votes )NP )VP )VP )S )S , '' (NP Sen. Mitchell )NP (VP said )VP . )S  STOP
(S `` (NP They )NP (VP do n't (VP have (NP (NP the votes )NP (SBAR (S (VP to (VP get (S (NP it )NP (VP passed )VP )S )VP )VP )S )SBAR )NP )VP )VP . '' )S  STOP
(S (NP (NP Sen. Bob Packwood )NP (PRN -LRB- (NP (NP R. )NP , (NP *UNKC )NP )NP -RRB- )PRN , (NP (NP the leading Republican *UNK )NP (PP of (NP the tax cut )NP )PP )NP , )NP (VP did n't (VP disagree )VP )VP . )S  STOP
(S `` (S (NP I )NP (VP 'm not (ADJP sure (SBAR (WHNP what )WHNP (S (VP 's (VP going (S (VP to (VP happen )VP )VP )S )VP )VP )S )SBAR )ADJP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (ADVP Previously )ADVP (NP he )NP (VP had (VP said (SBAR (S (NP he )NP (VP would (VP be (ADJP able (S (VP to (VP find (NP the *UNK 60 votes )NP )VP )VP )S )ADJP (ADVP eventually )ADVP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Sen. Packwood )NP (VP has (VP offered (NP his *UNK- package )NP (PP as (NP (NP an amendment )NP (PP to (NP (NP a bill )NP , (ADJP (ADVP now )ADVP pending (PP in (NP the Senate )NP )PP )ADJP , (SBAR (WHNP that )WHNP (S (VP would (VP *UNK (NP (NP aid )NP (PP to (NP Poland and Hungary )NP )PP )NP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Democrats )NP (VP are (VP holding (PRT up )PRT (NP (NP a vote )NP (PP on (NP the amendment )NP )PP )NP (PP by (S (VP threatening (NP (NP a *UNK )NP , or (NP extended debate )NP )NP )VP )S )PP )VP )VP . )S  STOP
(S (PP For (NP a *UNK vote (S (VP to (VP stop (NP the *UNK )NP )VP )VP )S )NP )PP , (NP Republicans )NP (VP must (VP *UNK (NP (QP at least 60 )QP votes )NP )VP )VP . )S  STOP
(S (NP Yesterday )NP , (NP Sen. Packwood )NP (VP acknowledged , `` (S (NP We )NP (VP do n't (VP have (NP (NP the votes )NP (PP for (NP *UNK )NP )PP )NP (NP today )NP )VP )VP )S )VP . '' )S  STOP
(S (NP The Republicans )NP (VP show (NP (NP no sign )NP (PP of (S (VP *UNKING )VP )S )PP )NP )VP . )S  STOP
(S (NP GOP leaders )NP (VP continued (S (VP to (VP press (PP for (NP (NP a vote )NP (PP on (NP (NP the amendment )NP (PP to (NP the Eastern Europe aid measure )NP )PP )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S And (NP they )NP (VP threatened (S (VP to (VP try (S (VP to (VP *UNK (NP (NP any other revenue bill )NP (PP in (NP the Senate )NP )PP )NP (PP with (NP the capital-gains provision )NP )PP )VP )VP )S )VP )VP )S )VP . )S  STOP
(SINV `` (S (S (NP This )NP (VP is (NP serious business )NP )VP )S ; (S (NP we )NP (VP 're (ADJP serious (PP about (NP a capital-gains reduction )NP )PP )ADJP )VP )S )S , '' (VP said )VP (NP (NP Kansas Sen. Robert Dole )NP , (NP (NP the Senate 's )NP Republican leader )NP )NP . )SINV  STOP
(S `` (NP The strategy )NP (VP is ` (S (VP Let (S (NP 's )NP (VP vote )VP )S )VP )S )VP . ' '' )S  STOP
(S (NP The Republicans )NP (VP contend (SBAR that (S (NP they )NP (VP can (VP *UNK (NP (NP a majority )NP (PP in (NP the *UNK- Senate )NP )PP (PP for (NP a capital-gains tax cut )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP *UNK (NP the Democrats )NP (PP of (S (ADVP *UNKLY )ADVP (VP using (NP Senate rules )NP (S (VP to (VP *UNK (NP a *UNK- *UNK )NP )VP )VP )S )VP )S )PP )VP . )S  STOP
(S (NP Democrats )NP (VP counter (SBAR that (S (NP the Republicans )NP (VP have (ADVP often )ADVP (VP used (NP the same rules )NP (S (VP to (VP suit (NP their own ends )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The two sides )NP (ADVP also )ADVP (VP traded (NP (NP accusations )NP (PP about (NP (NP the cost )NP (PP of (NP the Packwood plan )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Democrats )NP (VP asserted (SBAR that (S (NP (NP the proposal )NP , (SBAR (WHNP which )WHNP (S (ADVP also )ADVP (VP would (VP create (NP (NP a new type )NP (PP of (NP individual retirement account )NP )PP )NP )VP )VP )S )SBAR , )NP (VP was (ADJP *UNK (PP with (NP (NP budget *UNK )NP (SBAR (WHNP that )WHNP (S (VP would (VP lose (NP (NP billions )NP (PP of (NP dollars )NP )PP )NP (PP in (NP the long run )NP )PP )VP )VP )S )SBAR )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP Republicans )NP (VP *UNKED (SBAR that (S (NP *UNK- revenue estimates )NP (VP were (ADJP *UNK )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP The Packwood proposal )NP (VP would (VP reduce (NP the tax )NP (PP depending (PP on (SBAR (WHADVP how long )WHADVP (S (NP an asset )NP (VP was (VP held )VP )VP )S )SBAR )PP )PP )VP )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP would (VP create (NP (NP a new IRA )NP (SBAR (WHNP that )WHNP (S (VP would (VP *UNK (PP from (NP taxation )NP )PP (NP (NP the appreciation )NP (PP on (NP (NP investments )NP (VP made (PP for (NP (NP a wide variety )NP (PP of (NP purposes )NP )PP , (PP including (NP (NP retirement )NP , (NP medical expenses )NP , (NP *UNK- purchases )NP and (NP tuition )NP )NP )PP )NP )PP )VP )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP A White House spokesman )NP (VP said (SBAR (S (NP President Bush )NP (VP is `` (ADJP generally *UNK '' (PP of (NP the Packwood plan )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC & *UNKC Cos. )NP (VP said (SBAR (S (NP it )NP (VP agreed (S (VP to (VP acquire (NP (NP the rest )NP (PP of (NP (NP *UNKC & *UNKC )NP , (NP (NP a leading West German insurance brokerage firm )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP it )NP (VP has (VP held (NP a (ADJP 15 % )ADJP stake )NP (PP for (NP 15 years )NP )PP )VP )VP )S )SBAR )NP )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The transaction )NP , (PP for (NP cash and stock )NP )PP , )NP (VP would (VP represent (NP the biggest European takeover )NP (PP since (NP 1980 )NP )PP (PP for (NP (NP New York-based *UNKC & *UNKC )NP , (NP (NP the world 's )NP largest insurance broker )NP )NP )PP )VP )VP . )S  STOP
(S (NP It )NP (VP 's (ADVP also )ADVP (NP (NP the first major sign )NP (PP of (NP (NP the *UNKED consolidation )NP (PP in (NP the European insurance industry )NP )PP )NP )PP )NP (SBAR as (S (NP the European Community Commission )NP (VP moves (PP toward (NP (NP a single market )NP (PP by (NP 1992 )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC barriers )NP (VP will (VP start (VP coming (ADVP down )ADVP (PP within (NP the insurance industry )NP )PP (NP (NP next summer )NP , (SBAR (WHADVP when )WHADVP (S (NP big industrial companies )NP (VP will (VP be (ADJP able (S (VP to (VP buy (NP insurance )NP (PP from (NP (NP carriers )NP (PP in (NP any other EC country )NP )PP )NP )PP (PP for (NP the first time )NP )PP )VP )VP )S )ADJP )VP )VP )S )SBAR )NP )VP )VP )VP . )S  STOP
(SINV (S (NP That )NP (VP 's (SBAR (WHADVP why )WHADVP `` (S (NP we )NP (VP have (VP been (VP working (ADVP hard )ADVP (S (VP to (VP develop (NP (NP a single , (ADJP more unified )ADJP presence )NP (PP in (NP Europe )NP )PP )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP *UNKC Smith )NP , (NP (NP *UNKC & *UNKC 's )NP president )NP , )NP (PP at (NP a London news conference )NP )PP (NP yesterday )NP . )SINV  STOP
(S (NP Analysts )NP (VP speculated (SBAR that (S (NP Marsh & *UNKC )NP (VP would (VP spend (PP between (NP (NP (NP (NP (QP 250 million )QP marks )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP and (NP (QP 350 million )QP marks )NP )NP )NP )PP (PP for (NP (NP the rest )NP (PP of (NP *UNKC & *UNKC )NP )PP )NP )PP , or (NP (QP roughly 25 to 30 times )QP (NP the private firm 's )NP estimated earnings )NP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP This )NP (VP is (VP paying (NP a big price )NP (S (VP to (VP maintain (NP (NP their *UNK )NP (PP as (NP (NP the world 's )NP leading insurance broker )NP )PP )NP )VP )VP )S )VP )VP )S , '' (VP said )VP (NP (NP Philip *UNKC )NP , (NP (NP an analyst )NP (PP at (NP (NP *UNKC & *UNKC )NP , (NP a U.K. brokerage firm )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP Earlier this year )NP , (NP New York Life Insurance Co. )NP (VP (VP agreed (S (VP to (VP acquire (NP *UNKC Group Ltd. )NP )VP )VP )S )VP , (NP (NP a first step )NP (PP toward (S (VP establishing (NP a presence )NP (PP in (NP the European market )NP )PP (ADVP ahead (PP of (NP 1992 )NP )PP )ADVP )VP )S )PP )NP )VP . )S  STOP
(S But (NP most U.S. insurers )NP (VP have n't (VP rushed (S (VP to (VP change (NP (NP the way )NP (SBAR (S (NP they )NP (VP do (NP business )NP (PP in (NP Europe )NP )PP )VP )S )SBAR )NP )VP )VP )S (SBAR because (S (NP they )NP (VP believe (SBAR (S (NP the European market )NP (VP will (ADVP still )ADVP (VP be (VP dominated (PP by (NP (NP a handful )NP (PP of (NP domestic companies )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (PP Under (NP the proposed combination )NP )PP , (NP Marsh & McLennan )NP (VP would (VP gain (NP (NP a majority stake )NP (PP in (NP *UNKC & *UNKC )NP )PP (SBAR (WHNP that )WHNP (S (VP would (VP increase (PP over (NP time )NP )PP (PP to (NP (NP the rest )NP (PP of (NP the remaining 85 % )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(SINV (S (NP The three managing general partners )NP (VP would (VP receive (NP (NP a `` significant '' number )NP (PP of (NP Marsh & McLennan shares )NP )PP )NP )VP )VP )S , (VP said )VP (NP (NP *UNKC L. *UNKC )NP , (NP (NP a partner )NP (SBAR (WHNP who )WHNP (S (VP would (ADVP also )ADVP (VP join (NP (NP Marsh & McLennan 's )NP board )NP )VP )VP )S )SBAR )NP )NP . )SINV  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP he )NP (VP sought (NP the combination )NP (SBAR because `` (S (S (NP (NP all our large clients )NP (PP in (NP Germany )NP )PP )NP (VP are (VP becoming (NP (NP European companies )NP or (NP *UNK companies )NP )NP )VP )VP )S and (S (NP they )NP (VP expect (S (NP an insurance broker )NP '' (VP to (VP serve (NP them )NP (ADVP (ADVP as well )ADVP )ADVP (PP in (NP Paris )NP )PP (PP as (PP in (NP Germany )NP )PP )PP )VP )VP )S )VP )S )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Beatrice E. Garcia )NP (PP in (NP Philadelphia )NP )PP )NP (VP contributed (PP to (NP this article )NP )PP )VP . )S  STOP
(NP *UNKC -- )NP  STOP
(S (NP United Technologies Corp. )NP (VP won (NP (NP an (ADJP (QP $ 18 million )QP )ADJP Army contract )NP (PP for (NP (NP helicopter *UNK )NP and (NP spare parts )NP )NP )PP )NP )VP . )S  STOP
(S (NP The company )NP (VP will (VP *UNK (NP one *UNKC *UNKC transport helicopter )NP (PP to (NP the *UNK *UNKC *UNK )NP )PP (PP for (NP (NP use )NP (PP by (NP military special forces )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKING Inc. )NP , (NP (NP a division )NP (PP of (NP *UNKC Industries Inc. )NP )PP )NP , )NP (VP was (VP given (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP extension )NP (PP on (NP (NP a contract )NP (PP for (NP shipyard services )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP *UNKC Electric Co. )NP (VP said (SBAR (S (NP it )NP (VP plans (S (VP to (VP increase (NP (NP production )NP (PP of (NP computer memory devices )NP )PP )NP (PP on (NP a large scale )NP )PP (PP in (NP (NP the U.S. )NP and (NP Japan )NP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP As (NP (NP part )NP (PP of (NP the move )NP )PP )NP )PP , (NP (NP its *UNKED U.S. company )NP , (NP International *UNKC Technology Corp. )NP , )NP (VP purchased (NP (NP a Mexican plant )NP (VP (ADVP formerly )ADVP *UNKING (PP to (NP *UNKC *UNKC Products Inc )NP )PP )VP )NP )VP . )S  STOP
(S (NP The price )NP (VP was n't (VP disclosed )VP )VP . )S  STOP
(S (ADVP *UNKC (PP with (NP (NP two existing plants )NP (PP in (NP the U.S. )NP )PP )NP )PP )ADVP , (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP will (VP expand (NP (NP its current local monthly production )NP (PP of (NP memory disks )NP )PP )NP (PP to (NP (QP 1.4 million )QP sheets )NP )PP (PP from (NP 800,000 )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP Japan )NP )PP , (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP will (VP raise (NP production )NP (PP at (NP (NP a plant )NP (PP outside (NP Tokyo )NP )PP )NP )PP (PP to (NP (NP *UNKN sheets )NP (ADVP monthly )ADVP )NP )PP (PP from (NP 100,000 )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP the U.S. market )NP (VP is (VP strengthening (SBAR as (S (NP related computer technology )NP (VP gains (PP in (NP *UNK and quality )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC Corp. )NP , (NP New York )NP , )NP (VP raised (NP its quarterly 14 % )NP (PP to (NP (NP eight cents )NP (NP a share )NP )NP )PP , (PP from (NP seven cents )NP )PP , (S (ADJP payable (NP Nov. 24 )NP (PP to (NP (NP stock )NP (PP of (NP record )NP )PP (NP Nov. 6 )NP )NP )PP )ADJP )S )VP . )S  STOP
(S (NP (NP The financial services company )NP , (SBAR (WHNP which )WHNP (S (VP has (NP (NP (QP about *UNKN million )QP shares )NP (ADJP outstanding )ADJP )NP )VP )S )SBAR , )NP (VP noted (NP (NP its `` continued confidence )NP (PP in (NP (NP the ongoing strength )NP (PP of (NP the operations )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Compaq Computer Corp. )NP (VP said (SBAR that (S (NP its net income )NP (VP rose (NP 51 % )NP (PP in (NP the third quarter )NP )PP , (S (S (VP bolstered (PP by (NP (NP unusual gains )NP (PP from (NP (NP its investment )NP (PP in (NP a *UNK- maker )NP )PP )NP )PP )NP )PP )VP )S and (S (VP reflecting (NP (NP continued growth )NP (PP in (NP its European operations )NP )PP )NP )VP )S )S )VP )S )SBAR )VP . )S  STOP
(S (NP The computer maker )NP (VP said (SBAR (S (NP net )NP (VP jumped (PP to (NP (NP (QP $ 87 million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ 58 million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Sales )NP (VP increased (NP 36 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP (NP The latest quarter 's )NP results )NP , (ADVP however )ADVP , (VP included (NP (NP (NP a pretax gain )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 20 cents )NP (NP a share )NP )NP , )NP )PP (PP in (NP (NP the carrying value )NP (PP of (NP (NP (NP the company 's )NP investment )NP (PP in (NP Conner *UNKC Inc. )NP )PP )NP )PP )NP )PP )NP and (NP (NP (NP a (ADJP (QP $ 7.6 million )QP )ADJP gain )NP , or (NP (NP 11 cents )NP (NP a share )NP )NP )NP , (PP from (NP (NP the sale )NP (PP of (NP (QP one million )QP Conner shares )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (NP (NP Net )NP (PP for (NP the nine months )NP )PP )NP (VP was (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP (ADVP up (NP 56 % )NP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )VP . )S  STOP
(S (NP Sales )NP (VP rose (NP 50 % )NP (PP to (NP (QP $ 2.1 billion )QP )NP )PP (PP from (NP (QP $ 1.4 billion )QP )NP )PP )VP . )S  STOP
(S (NP (NP Net )NP (PP for (NP the year-earlier nine months )NP )PP )NP (ADVP also )ADVP (VP included (NP (NP a gain )NP (PP of (NP (NP (QP $ 9.7 million )QP )NP , or (NP (NP 15 cents )NP (NP a share )NP )NP , )NP )PP (PP in (NP (NP the carrying value )NP (PP of (NP the Conner investment )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Michael *UNKLY )NP , (NP (NP president )NP (PP of (NP (NP Compaq 's )NP North America division )NP )PP )NP , )NP (VP attributed (NP (NP the company 's )NP third-quarter performance )NP (PP to (NP (NP continued increases )NP (PP in (NP (NP international sales )NP , (SBAR (WHNP which )WHNP (S (VP accounted (PP for (NP (NP (NP 43 % )NP (PP of (NP (NP the company 's )NP sales )NP )PP )NP , (NP (NP a (ADJP 74 % )ADJP increase )NP (PP from (ADVP (NP a year )NP earlier )ADVP )PP )NP )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S `` (S (PP Over (NP (NP the next couple )NP (PP of (NP years )NP )PP )NP )PP (NP we )NP (VP would not (VP be (ADJP surprised (S (VP to (VP see (S (NP (NP Europe )NP and (NP international -LCB- sales -RCB- )NP )NP (VP represent (NP (NP 50 % )NP (PP of (NP (NP the company 's )NP revenues )NP )PP )NP )VP )S )VP )VP )S )ADJP )VP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (PP During (NP the third quarter )NP )PP , (NP Compaq )NP (VP purchased (NP (NP a former Wang Laboratories manufacturing facility )NP (PP in (NP (NP *UNKING )NP , (NP *UNKC )NP , )NP )PP (SBAR (WHNP which )WHNP (S (VP will (VP be (VP used (PP for (NP international service and repair operations )NP )PP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Mr. *UNKLY )NP (VP said (SBAR (S (NP the new space )NP (VP will (VP allow (S (NP Compaq )NP (VP to (VP increase (NP (NP the manufacturing capacity )NP (PP of (NP (NP its plant )NP (PP in (NP (NP *UNKC )NP , (NP *UNKC )NP )NP )PP )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP (NP yesterday )NP , (NP Compaq shares )NP (VP fell (NP $ *UNKN )NP (PP to (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (NP (NP Wilson H. Taylor )NP , (NP (NP (NP president )NP and (NP chief executive officer )NP )NP (PP of (NP this insurance and financial services concern )NP )PP )NP , )NP (VP was (VP elected (PP to (NP (NP the additional post )NP (PP of (NP chairman )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Mr. Taylor )NP , (ADJP (NP 45 years )NP old )ADJP , )NP (VP succeeds (NP (NP Robert D. *UNKC )NP , (NP 64 )NP , (SBAR (WHNP who )WHNP (S (VP is (VP retiring , (SBAR as (S (VP reported (ADVP earlier )ADVP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP will (VP remain (NP a director )NP )VP )VP . )S  STOP
(S (NP *UNKED Investment Group Inc. )NP (VP said (SBAR (S (NP it )NP (VP agreed (S (VP to (VP be (VP acquired (PP by (NP Star States Corp. )NP )PP (PP for (NP (NP stock )NP (VP valued (PP at (NP (NP (NP $ *UNKN )NP (NP a share )NP )NP , or (NP (QP about $ *UNKN million )QP )NP )NP )PP )VP )NP )PP )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKED )NP , (NP (NP the holding company )NP (PP for (NP Fidelity Federal Savings & Loan Association )NP )PP )NP , )NP (VP said (SBAR (S (NP the agreement )NP (ADVP also )ADVP (VP gives (NP Star States )NP (NP the option (S (VP to (VP acquire (NP (NP *UNKN )NP (PP of (NP (NP (NP *UNKED 's )NP *UNKN shares )NP (ADJP outstanding )ADJP )NP )PP )NP `` (PP under (NP certain circumstances )NP )PP )VP )VP )S )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP The acquisition )NP (VP would (VP give (NP (ADJP *UNKC , *UNKED )ADJP Star States )NP (NP (NP access )NP (PP to (NP the Pennsylvania market )NP )PP )NP )VP )VP . )S  STOP
(S (NP The agreement )NP (VP is (ADJP subject (PP to (NP (NP regulatory approval and resolution )NP (PP of (NP (NP lawsuits )NP (VP brought (PP by (NP certain *UNKED holders )NP )PP (PP in (NP (NP connection )NP (PP with (NP the proposed merger )NP )PP )NP )PP )VP )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (NP Chandler Insurance Co. )NP (VP said (SBAR (S (NP it )NP (VP expects (S (VP to (VP report (SBAR (S (NP third-quarter net income )NP (VP jumped (NP 97 % )NP (PP to (NP (NP (QP $ 2.8 million )QP )NP , or (NP (NP 51 cents )NP (NP a share )NP )NP )NP )PP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP the year-earlier quarter )NP )PP , (NP the automobile and *UNKING insurer )NP (VP had (NP (NP earnings )NP (PP of (NP (NP (QP $ 1.4 million )QP )NP , or (NP (NP 48 cents )NP (NP a share )NP )NP )NP )PP (PP on (NP a restated basis )NP )PP , (PP on (NP (NP revenue )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP an interview )NP )PP , (NP (NP W. *UNKC *UNKC )NP , (NP (NP chairman )NP and (NP chief executive officer )NP )NP , )NP (VP said (SBAR (S (NP he )NP (VP expects (S (NP (NP revenue )NP (PP in (NP the latest quarter )NP )PP )NP (VP to (VP total (NP (QP about $ 28 million )QP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNK- figures )NP (VP reflect (NP (NP a (ADJP 25 % )ADJP stock dividend )NP (PP in (NP June 1989 )NP )PP )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP attributed (NP the earnings increase )NP (PP to (NP (NP (NP growth )NP (PP in (NP (NP the company 's )NP *UNK *UNKING insurance lines )NP )PP )NP and (NP the ability (S (VP to (VP keep (S (NP premium rates )NP (ADJP firm )ADJP )S )VP )VP )S )NP )NP )PP )VP . )S  STOP
(S (NP *UNKC *UNKC Corp. )NP (VP said (SBAR (S (NP it )NP (VP will (VP build (NP (NP a (ADJP (QP $ 40 million )QP )ADJP plant )NP (PP for (S (VP producing (NP *UNK *UNKED carbon )NP )VP )S )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP The maker )NP (PP of (NP *UNK- chemicals and equipment )NP )PP )NP (VP said (SBAR (S (NP it )NP (VP will (VP select (NP the plant site )NP (NP early next year )NP )VP )VP )S )SBAR )VP )S , and (S (NP production )NP (VP is (VP expected (S (VP to (VP begin (PP in (NP 1991 )NP )PP )VP )VP )S )VP )VP )S . )S  STOP
(S (S (VP Call (NP (NP Jim Wright 's )NP office (PP in (NP (NP downtown Fort Worth )NP , (NP Texas )NP , )NP )PP )NP (NP these days )NP )VP )S and (S (NP the *UNK )NP (ADVP still )ADVP (VP answers (NP the phone )NP , `` (NP (NP Speaker Wright 's )NP office )NP )VP )S . '' )S  STOP
(S (NP (NP The former congressman )NP , (SBAR (WHNP who )WHNP (S (VP resigned (PP as (NP (NP *UNK )NP (PP of (NP the House )NP )PP )NP )PP (PP after (NP (NP an investigation )NP (PP of (NP his financial dealings )NP )PP )NP )PP )VP )S )SBAR , )NP (VP is (VP *UNKED (PP in (NP (NP his district office )NP , (VP maintained (PP by (NP taxpayers )NP )PP (PP on (NP a (ADJP $ 200,000 )ADJP *UNK )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (NP He )NP (VP is (VP negotiating (NP a rich book contract )NP (PP to (NP *UNK )NP )PP )VP )VP . )S  STOP
(S (NP (NP One )NP (PP of (NP (NP the *UNK tickets )NP (PP on (NP (NP Washington 's )NP social *UNK )NP )PP (NP this fall )NP )NP )PP )NP (VP was (NP (NP a charity benefit )NP (VP *UNKING (NP (NP former *UNKC *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP *UNKED (NP (NP a *UNK- job )NP (PP on (NP Wall Street )NP )PP )NP (PP after (S (VP *UNKING (PP over (NP a controversial junk-bond investment )NP )PP (NP last summer )NP )VP )S )PP )VP )S )SBAR )NP )VP )NP )VP . )S  STOP
(S (NP (NP Michael *UNKC )NP , (NP the former White House aide )NP , )NP (VP has (VP become (NP (NP the most recent addition )NP (PP to (NP (NP the *UNKING ranks )NP (PP of (NP (NP fallen politicians and officials )NP (VP earning (NP their way )NP (PP as (NP *UNK and consultants )NP )PP (ADVP here )ADVP )VP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP has (VP *UNKED (NP a *UNK- business )NP )VP )VP . )S  STOP
(S (S (VP *UNKING (NP scandal )NP )VP )S (VP has (VP become (NP (NP a *UNK )NP (PP of (NP political passage )NP )PP )NP (PP at (NP (NP a time )NP (SBAR (WHADVP when )WHADVP (S (NP (NP a *UNK )NP (PP of (NP scandal )NP )PP )NP (VP has (VP *UNKED (NP (NP this town 's )NP *UNK )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(SINV (S (S (VP Let (S (NP the president )NP (VP demand (NP strict new ethics rules )NP )VP )S )VP )S : (S (UCP (SBAR With (S (NP four sitting House members )NP (VP accused (PP of (NP *UNK *UNK )NP )PP )VP )S )SBAR , (PP amid (NP the *UNKING HUD scandal )NP )PP and (PP after (NP the Wright debacle )NP )PP )UCP , `` (NP people )NP (VP are (ADVP slightly )ADVP (VP *UNKED (PP by (NP scandal )NP )PP )VP )VP )S )S , '' (VP says )VP (NP political *UNK Art *UNKC )NP . )SINV  STOP
(S `` (NP It )NP (ADVP now )ADVP (VP takes (NP (NP something )NP (ADJP really *UNK )ADJP )NP (S (VP to (VP *UNK (NP public *UNK )NP )VP )VP )S )VP . '' )S  STOP
(S (NP Not all the *UNKED )NP (VP have (VP enjoyed (NP soft *UNK )NP )VP )VP . )S  STOP
(S But (NP many )NP (VP have )VP . )S  STOP
(SINV `` (S (NP These people )NP (VP *UNK (ADVP back )ADVP (ADVP (ADVP more *UNKLY )ADVP (PP than (NP regular people )NP )PP )ADVP )VP )S , '' (VP says )VP (NP (NP Washington writer *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP is (VP working (PP on (NP (NP a history )NP (PP of (NP *UNK- scandal )NP )PP )NP )PP )VP )VP )S )SBAR )NP . )SINV  STOP
(S (S (VP Given (NP (NP their own *UNK )NP (PP for (NP book writing )NP )PP )NP )VP )S , (NP (NP it )NP )NP (VP is (ADJP surprising )ADJP (SBAR that (S (NP (NP none )NP (PP of (NP (NP the *UNK )NP (PP of (NP scandal survival )NP )PP )NP )PP )NP (VP have (ADVP yet )ADVP (VP published (NP (NP a guide )NP (PP to (NP the art )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S For (NP there )NP (VP is (NP (NP an emerging *UNK )NP (PRN -- (ADVP indeed )ADVP , (NP an *UNK )NP -- )PRN (PP to (NP it )NP )PP )NP )VP . )S  STOP
(PP Among (NP the rules )NP : )PP  STOP
(S (VP *UNKC (SBAR (S (NP Nothing )NP (VP *UNKED )VP )S )SBAR )VP )S  STOP
(S (SBAR As if (S (NP he )NP (VP were (ADVP still )ADVP (PP in (NP his old job )NP )PP )VP )S )SBAR , (NP Mr. Wright )NP , (PP by (S (VP (VP resigning (PP with (NP his title )NP )PP )VP (CONJP instead of )CONJP (VP being (VP forced (PP from (NP his job )NP )PP )VP )VP )VP )S )PP , (PP by (NP law )NP )PP (VP *UNK (NP (NP a (ADJP $ *UNKN )ADJP annual office expense *UNK )NP , (NP three paid staffers )NP , (NP (NP (QP up to $ *UNKN )QP )NP (PP for (NP *UNK and *UNK )NP )PP )NP and (NP (NP continued use )NP (PP of (NP the *UNKING privilege )NP )PP )NP )NP )VP . )S  STOP
(S Not (VP to (VP mention (NP a *UNK federal pension )NP )VP )VP . )S  STOP
(S (NP There )NP (VP is (ADVP also )ADVP (NP (NP a busy schedule )NP (PP of (NP (NP *UNKING *UNK )NP (PP at (NP (NP $ 10,000 )NP (NP a pop )NP )NP )PP , (PP at (NP (NP *UNK places )NP (PP including (NP the Yale *UNKC Union )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(SINV `` (S (NP He )NP (VP 's (ADJP (ADJP as busy )ADJP (SBAR as (S (NP he )NP (VP was (PP as (NP *UNK )NP )PP )VP )S )SBAR )ADJP )VP )S , '' (VP reports )VP (NP (NP (NP Mr. Wright 's )NP administrative aide )NP , (NP Larry Shannon )NP )NP . )SINV  STOP
(S (VP *UNKC )VP )S  STOP
(S (PP On (NP (NP the edge )NP (PP of (NP fashionable *UNKC )NP )PP )NP )PP , (PP in (NP (NP a *UNK office )NP (PP with (NP (NP a river view )NP and (NP (NP a number )NP (PP of (NP (NP corporate clients )NP (SBAR (WHNP whom )WHNP (S (NP he )NP (VP wo n't (VP name )VP )VP )S )SBAR )NP )PP )NP )NP )PP )NP )PP , (NP Mr. *UNKC )NP (VP is (VP trying (S (VP to (VP *UNK (NP (NP his reputation )NP (PP as (NP (NP one )NP (PP of (NP (NP the *UNK image makers )NP (PP in (NP town )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP There )NP (VP are (NP (NP few *UNK )NP (PP of (NP (NP his days )NP (PP as (NP (NP (NP White House deputy chief )NP (PP of (NP staff )NP )PP )NP and (NP (NP *UNK )NP (PP of (NP Ronald and Nancy Reagan )NP )PP )NP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The former (ADJP $ 3 *UNK- )ADJP *UNK )NP (ADVP now )ADVP (VP (VP *UNK (NP (NP *UNK )NP (PP for (NP the *UNK )NP )PP )NP )VP and (VP *UNK (NP (NP a third )NP (PP of (NP his time )NP )PP )NP (S (VP *UNKING (NP other *UNKING *UNK )NP )VP )S )VP )VP . )S  STOP
(S `` (S (NP I )NP (VP feel (ADVP (ADVP better )ADVP (SBAR than (S (NP I )NP (ADVP ever )ADVP (VP have (VP (PP in (NP my life )NP )PP )VP )VP )S )SBAR )ADVP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP *UNKED (PP to (NP his *UNK )NP )PP (PP during (NP (NP his trial )NP (PP on (NP *UNK charges )NP )PP )NP )PP )VP . )S  STOP
(S (NP He )NP (VP is (ADVP also )ADVP (NP a *UNKING *UNK )NP , (S (VP (VP *UNKING (PP with (NP his family )NP )PP )VP and (VP creating (NP (NP (NP *UNK )NP , or (NP *UNK- *UNK )NP , )NP (NP (NP a fashionable pursuit )NP (SBAR (WHPP for (WHNP which )WHNP )WHPP (S (NP he )NP (VP developed (NP (NP a *UNK )NP )NP (PP during (NP his three-year legal *UNK )NP )PP )VP )S )SBAR )NP )NP )VP )VP )S )VP . )S  STOP
(NP (NP (NP One sign )NP (PP of (NP (NP Mr. Deaver 's )NP *UNK )NP )PP )NP : (NP (NP an appearance )NP (PP on (NP (NP ABC 's )NP `` *UNKC '' )NP )PP (PP for (NP (NP a show )NP (PP on (NP pack *UNK )NP )PP )NP )PP )NP . )NP  STOP
(S (NP *UNKC Ted *UNKC )NP (VP introduced (NP him )NP (PP as `` (NP (NP the media master )NP (PP of (NP the Reagan Administration )NP )PP )NP )PP , '' (PP with (NP (NP *UNK a mention )NP (PP of (NP (NP (NP Mr. Deaver 's )NP conviction )NP (PP in (NP 1987 )NP )PP (PP on (NP *UNK charges )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (VP *UNKING (NP God )NP )VP )S  STOP
(SINV `` (S (SBAR (WHADVP When )WHADVP (S (NP someone )NP (VP says , ` (S (NP I )NP (VP 've (VP turned (PP to (NP God )NP )PP )VP )VP )S )VP )S )SBAR , ' (NP everybody )NP (VP *UNK (PRT off )PRT )VP )S , '' (VP *UNK )VP (NP (NP Frank *UNKC )NP , (NP an (NX (NX old Washington hand )NX and (NX (NX former aide )NX (PP to (NP Robert Kennedy )NP )PP )NX )NX )NP )NP . )SINV  STOP
(SINV (ADVP Thus )ADVP have (NP (NP Charles *UNKC )NP and (NP *UNKC *UNKC )NP )NP (VP launched (NP successful *UNK- *UNK )NP (PP at (NP the *UNK )NP )PP )VP . )SINV  STOP
(S But (NP it )NP (VP does n't (ADVP always )ADVP (VP work (ADVP so smoothly )ADVP )VP )VP . )S  STOP
(S (SBAR After (S (NP allegations )NP (VP surfaced (PP in (NP a 1985 *UNK contest )NP )PP (SBAR that (S (NP he )NP (VP had (VP *UNK (NP his wife )NP )VP )VP )S )SBAR )VP )S )SBAR , (NP SEC enforcement chief John *UNKC )NP (VP *UNKED (PP to (NP (NP a *UNKC *UNK )NP (PP in (NP rural Virginia )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP He )NP (VP is (ADVP now )ADVP (PP in (NP (NP *UNK law practice )NP (PP in (NP Washington )NP )PP )NP )PP )VP )S , but (S (S (NP his fees )NP (VP have (VP been (ADJP *UNK )ADJP )VP )VP )S and (S (NP he )NP (VP failed (PP in (NP efforts (S (VP to (VP win (NP (NP a chunk )NP (PP of (NP (NP (NP his *UNK- 's )NP *UNK )NP (PP on (NP her *UNK- book )NP )PP )NP )PP )NP )VP )VP )S )NP )PP )VP )S )S . )S  STOP
(S (PP From (NP (NP time )NP (PP to (NP time )NP )PP )NP )PP (NP he )NP (VP returns (PP to (NP the *UNK )NP )PP (PP for (NP (NP *UNK )NP , (NP *UNK )NP and (NP pro *UNK legal work )NP )NP )PP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (ADJP *UNK (PP about (NP his *UNK )NP )PP )ADJP )VP . )S  STOP
(S `` (S (NP This whole experience )NP (VP has (VP been (NP (NP an opportunity )NP (PP for (NP internal growth )NP )PP )NP )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP He )NP (VP sees (NP a *UNK )NP (NP (NP five *UNK )NP (NP a week )NP )NP )VP . )S  STOP
(S `` (S (NP I )NP (VP 've (VP *UNKED (PP to (NP the circumstances )NP )PP )VP )VP )S , '' (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S `` (NP The word surrender )NP (VP has (NP a *UNK *UNK meaning )NP )VP . )S  STOP
(S (NP My *UNK )NP (VP has (VP changed )VP )VP . )S  STOP
(S (NP I )NP (VP 'm (VP *UNKING (NP (NP my life )NP and (SBAR (WHNP who )WHNP (S (NP I )NP (VP am (NP today )NP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP The aspect )NP (PP of (S (VP being (NP a *UNK- )NP )VP )S )PP )NP (VP is n't (ADJP as important )ADJP )VP . '' )S  STOP
(S (VP Do n't (VP *UNKC )VP )VP )S  STOP
(SINV `` (S (NP (NP The best thing )NP (SBAR (S (NP you )NP (VP can (VP do )VP )VP )S )SBAR )NP (VP is (VP get (PP off (NP the screen )NP )PP )VP )VP )S , '' (VP says )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S (NP Nobody )NP (VP proved (NP that )NP (ADVP (ADVP more *UNKLY )ADVP (PP than (NP (NP Mr. *UNKC )NP , (NP the former Democratic majority *UNK )NP )NP )PP )ADVP )VP . )S  STOP
(S (S (VP *UNKING (SBAR that (S (NP there )NP (VP was (NP (NP life )NP (PP after (NP Congress )NP )PP )NP )VP )S )SBAR )VP )S , (NP he )NP (VP resigned (ADVP almost immediately )ADVP (SBAR after (S (NP media reports )NP (VP questioned (NP (NP the *UNK )NP (PP of (NP a 1986 junk-bond investment )NP )PP )NP )VP )S )SBAR , (SBAR before (S (NP any official investigations )NP (VP took (NP hold )NP )VP )S )SBAR )VP . )S  STOP
(SINV (PP Among (NP (NP the *UNK )NP (SBAR (WHNP who )WHNP (S (VP turned (PRT out )PRT (PP in (NP bipartisan *UNK- force )NP )PP (S (VP to (VP benefit (NP the *UNKC *UNKC Fund )NP )VP )VP )S (NP last month )NP )VP )S )SBAR )NP )PP (VP were )VP (NP (NP Sen. Robert Dole )NP , (NP Rep. *UNKC *UNKC )NP , and (NP (NP other *UNK )NP (PP of (NP Congress )NP )PP )NP )NP . )SINV  STOP
(S (NP Dan Rather )NP (VP served (PP as (NP *UNK )NP )PP )VP . )S  STOP
(S (PP From (NP (NP his new , *UNK- *UNK )NP (PP on (NP Wall Street )NP )PP (PP as (NP (NP a managing director )NP (PP of (NP *UNKC *UNKC & Co. )NP )PP )NP )PP )NP )PP , (NP Mr. *UNKC )NP (VP reports (SBAR that (S (NP (NP many )NP (PP of (NP his former colleagues )NP )PP )NP (VP have (VP *UNKED (NP him )NP (S (VP to (VP find (PRT out )PRT (SBAR (WHADVP how )WHADVP (S (NP they )NP , (ADVP too )ADVP , (VP can (VP pursue (NP investment banking careers )NP )VP )VP )S )SBAR )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP *UNKC (S (VP to (VP *UNK (NP *UNKC )NP )VP )VP )S )VP )S  STOP
(S (NP *UNKC scandal victims )NP (ADVP *UNKLY )ADVP (VP fare (ADVP better )ADVP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP the former EPA chief )NP (SBAR (WHNP who )WHNP (S (VP resigned (PP under (NP fire )NP )PP (PP in (NP 1983 )NP )PP (PP during (NP (NP a *UNK )NP (PP with (NP Congress )NP )PP )NP )PP )VP )S )SBAR )NP , )NP (VP was (VP *UNKED (PP in (NP the confrontation )NP )PP , (SBAR even though (S (NP she )NP (VP was (ADVP never )ADVP (VP charged (PP with (NP official *UNKING )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP She )NP (VP (VP worked (ADVP *UNK- )ADVP (PP as (NP a consultant )NP )PP )VP and (VP wrote (NP a book )NP )VP , but (VP (ADVP never )ADVP *UNKED (NP her *UNKED legal career )NP )VP )VP . )S  STOP
(S (NP It )NP (VP did n't (VP help (SBAR (WHADVP when )WHADVP , (S (PP in (NP 1986 )NP )PP , (NP she )NP (VP was (VP (VP charged )VP (PRN -LRB- and (VP (ADVP then )ADVP cleared )VP -RRB- )PRN (PP on (NP (NP allegations )NP (PP of (NP public *UNK )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S `` (S (NP I )NP (VP (VP cut (NP my losses )NP )VP and (VP ran )VP )VP )S , '' (NP she )NP (VP says , (PP from (NP (NP her new home )NP (PP in (NP Colorado )NP )PP , (SBAR (WHADVP where )WHADVP (S (NP she )NP (VP is (ADJP busy )ADJP (S (VP *UNKING )VP )S )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Mrs. *UNKC )NP (VP remains (ADJP bitter (PP over (NP (NP the overwhelming legal expenses )NP (VP involved (PP in (S (VP clearing (NP her name )NP )VP )S )PP )VP )NP )PP )ADJP )VP . )S  STOP
(S `` (S (NP My husband )NP (VP was (ADVP *UNKLY )ADVP (VP *UNKED (PP by (NP (NP the very act )NP (PP of (S (VP *UNKING (NP me )NP )VP )S )PP )NP )PP )VP )VP )S , '' (NP she )NP (VP says )VP . )S  STOP
(S (NP (NP Another former EPA official )NP , (NP *UNKC *UNKC )NP , )NP (VP is (ADVP still )ADVP (VP struggling (PP after (NP (NP her conviction )NP (PP in (NP 1983 )NP )PP (PP on (NP *UNK charges )NP )PP )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP There )NP (VP 's (NP (NP nothing )NP (SBAR (S (NP she )NP (VP could (VP do (S (VP to (VP bring (NP herself )NP (ADVP back (PP to (SBAR (WHADVP where )WHADVP (S (NP she )NP (VP was )VP )S )SBAR )PP )ADVP )VP )VP )S )VP )VP )S )SBAR )NP )VP )S , '' (VP says )VP (NP (NP her lawyer )NP , (NP James *UNKC )NP )NP . )SINV  STOP
(S `` (S (NP You )NP (VP could (VP say (SBAR (S (NP she )NP (VP survived )VP )S )SBAR )VP )VP )S , but (S (NP it )NP (VP was n't (ADJP easy (PP on (NP her )NP )PP )ADJP )VP )S . '' )S  STOP
(S (NP No book contracts )NP (VP have (VP been (VP *UNKED (PP before (NP (NP *UNKC *UNKC Dean )NP , (NP (NP the *UNKING *UNK )NP (PP of (NP the HUD scandal )NP )PP )NP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP (PP of (NP Gary *UNKC *UNK )NP )PP )NP (VP (VP failed (S (VP to (VP obtain (NP a book contract )NP )VP )VP )S )VP and (VP lost (NP (NP her *UNKING contract )NP (PP for (NP `` No *UNKC '' *UNK )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC Hall )NP , (NP (NP Oliver North 's )NP former secretary )NP , )NP (VP has (ADVP yet )ADVP (S (VP to (VP launch (NP a *UNK- television news career )NP )VP )VP )S , (PP according (PP to (NP her lawyer )NP )PP )PP )VP . )S  STOP
(S (NP (NP *UNKC Jenrette )NP , (NP (NP the former wife )NP (PP of (NP *UNKED Rep. John Jenrette )NP )PP )NP , )NP (VP has (ADVP yet )ADVP (S (VP to (VP hit (NP it )NP (ADVP big )ADVP (PP in (NP Hollywood )NP )PP )VP )VP )S , (SBAR although (S (PP with (NP (NP *UNK )NP (PP in (NP (NP such movies )NP (PP as (NP `` (NP *UNKC Island *UNKC )NP '' and `` (NP (NP *UNKC *UNKC 's )NP *UNKC *UNKC )NP )NP )PP )NP )PP )NP )PP , '' (NP she )NP (VP is (VP doing (ADVP (ADVP (NP a lot )NP better )ADVP (PP than (NP her former husband )NP )PP )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP was (ADVP back (PP in (NP jail )NP )PP )ADVP (PP over (NP the summer )NP )PP (PP on (NP *UNKING charges )NP )PP )VP . )S  STOP
(S (VP *UNK (NP the Star )NP )VP )S  STOP
(S (NP (NP Central figures )NP (PRN -- (PP such as (NP Richard Nixon )NP )PP -- )PRN )NP (ADVP usually )ADVP (VP fare (ADVP (ADVP better )ADVP (PP than (NP (NP those )NP (PP with (NP supporting *UNK )NP )PP )NP )PP )ADVP )VP . )S  STOP
(S (NP (NP Richard *UNKC )NP , (NP (NP the retired Air Force general )NP (VP *UNKED (PP in (NP the Iran-Contra scandal )NP )PP )VP )NP , )NP (VP is (ADJP (ADVP all but )ADVP *UNKED )ADJP (PRN -- (S (VP forced (S (VP to (VP (VP sell (NP his Virginia home )NP )VP and (VP pull (NP his kids )NP (PP out (PP of (NP college )NP )PP )PP )VP )VP )VP )S , (PP according (PP to (NP (NP a recent *UNKING appeal )NP (VP sent (PRT out )PRT (PP on (NP his behalf )NP )PP )VP )NP )PP )PP )VP )S )PRN )VP . )S  STOP
(S Yet (NP (NP (NP his *UNK- )NP (PP in (NP the case )NP )PP )NP (PRN -- (ADVP also )ADVP (NP (NP a former military officer )NP (PP by (NP (NP the name )NP (PP of (NP Oliver North )NP )PP )NP )PP )NP -- )PRN )NP (VP has (VP been (ADVP *UNKLY and *UNKLY )ADVP (VP *UNKING (NP (NP his involvement )NP (PP in (NP the affair )NP )PP )NP )VP )VP )VP . )S  STOP
(SBARQ (WHNP What )WHNP (SQ (VP accounts (PP for (NP the difference )NP )PP )VP )SQ ? )SBARQ  STOP
(S (PP During (NP the *UNKED Iran-Contra hearings )NP )PP , (NP Mr. North )NP (VP came (PRT off )PRT (PP as (NP (NP a *UNK )NP (PP from (NP central casting )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Mr. *UNKC 's )NP performance )NP (VP was (ADJP *UNKLY less *UNKING )ADJP )VP . )S  STOP
(S (NP Mr. North )NP (VP remains (PP in (NP (NP heavy demand )NP (PP as (NP (NP a *UNK )NP , (PP for (NP (NP fees )NP (VP reported (PP in (NP the (ADJP $ 20,000 )ADJP range )NP )PP )VP )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (PP Even in (NP (NP the wake )NP (PP of (NP Hurricane Hugo )NP )PP )NP )PP (NP 750 people )NP (VP turned (PRT out )PRT (PP in (NP a *UNK Virginia town )NP )PP (PP in (NP September )NP )PP (PP for (NP (NP a `` family *UNK '' )NP (PP to (NP Mr. North )NP )PP (VP given (PP by (NP (NP (QP two dozen )QP conservative members )NP (PP of (NP Congress )NP )PP )NP )PP )VP )NP )PP )VP . )S  STOP
(S (SBAR If (S (NP *UNKC )NP (VP Is (ADJP *UNKED )ADJP )VP )S )SBAR , (NP All *UNKC )NP (VP Are (ADVP *UNKC )ADVP )VP )S  STOP
(S (S (NP *UNKC scandals )NP (VP make (S (NP people )NP (VP look (ADJP *UNK and silly )ADJP )VP )S )VP )S , and (S (NP (NP one )NP (PP of (NP (NP the worst *UNK )NP (PP in (NP Washington )NP )PP )NP )PP )NP (VP is (S (VP to (VP be (VP *UNKED (PP at )PP )VP )VP )VP )S )VP )S . )S  STOP
(SINV `` (S (NP You )NP (VP can (VP be (ADJP (ADJP *UNKED )ADJP , but (ADJP not *UNK )ADJP )ADJP )VP )VP )S , '' (VP says )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S (ADVP Nevertheless )ADVP , (NP (NP Rep. *UNKC *UNKC )NP (PP of (NP Massachusetts )NP )PP )NP (VP was (ADVP *UNKLY )ADVP (VP *UNKED (PP because of (NP (NP the *UNK )NP (SBAR (WHPP with (WHNP which )WHNP )WHPP (S (NP he )NP (VP handled (NP *UNK (SBAR that (S (NP he )NP (VP had (NP sex )NP (PP with (NP a male congressional page )NP )PP (PP in (NP 1983 )NP )PP )VP )S )SBAR )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC Rep. Robert *UNKC )NP , (NP (NP a Maryland Republican )NP (SBAR (WHNP who )WHNP (S (VP lost (NP his seat )NP (PP in (NP 1980 )NP )PP (SBAR after (S (NP he )NP (VP was (VP caught (S (VP *UNKING (NP sex )NP (PP from (NP a *UNK- *UNK )NP )PP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )NP , )NP (VP has (ADVP never )ADVP (VP *UNKED (NP (NP his professional *UNKING )NP (PP as (NP a lawyer )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (NP a conservative )NP , )NP (VP says (SBAR (S (NP he )NP (VP was (VP *UNKED (PP by (NP the right *UNKING )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP Conservatives )NP (VP *UNK (NP their own )NP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (SBAR If (S (NP the political establishment )NP (VP is (ADJP reluctant (S (VP to (VP *UNK (NP *UNK *UNK )NP )VP )VP )S )ADJP )VP )S )SBAR , (NP the private sector )NP (ADVP sometimes )ADVP (VP will )VP . )S  STOP
(S (NP John Tower )NP (VP was (VP accused (PP of (NP *UNKING and *UNKING )NP )PP (PP during (NP (NP his unsuccessful bid (S (VP to (VP win (NP (NP confirmation )NP (PP as (NP (NP secretary )NP (PP of (NP defense )NP )PP )NP )PP )NP )VP )VP )S )NP (NP earlier this year )NP )NP )PP )VP )VP . )S  STOP
(S (ADVP Now )ADVP (NP he )NP (VP is (VP (VP writing (NP a book )NP )VP , (VP serving (PP on (NP an *UNK foreign policy advisory board )NP )PP )VP and (VP consulting (PP for (NP (NP an array )NP (PP of (NP (NP corporate clients )NP , (PP including (NP British publishing *UNK Robert Maxwell )NP )PP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (VP *UNKC (NP a *UNKC )NP )VP )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP (NP all )NP (ADJP else )ADJP )NP (VP *UNK )VP )S )SBAR , (NP (NP *UNKC *UNKC )NP (PRN -- (NP (NP the *UNKED *UNK )NP (PP of (NP the Capitol )NP )PP (VP *UNKED (PP by (NP (NP *UNK )NP and (NP their imported shoes )NP )NP )PP )VP )NP -- )PRN )NP (VP offers (NP (NP a welcome environment )NP (PP for (NP fallen officials )NP )PP )NP )VP . )S  STOP
(S (NP (NP Former Rep. *UNKC *UNK *UNKC )NP , (VP brought (ADVP down )ADVP (PP by (NP the savings-and-loan crisis )NP )PP )VP , )NP (ADVP now )ADVP (VP represents (PRN -- (S (NP you )NP (VP *UNKED (NP it )NP )VP )S -- )PRN (NP *UNK- associations )NP )VP . )S  STOP
(S (NP Some )NP (VP become (NP *UNK- )NP )VP . )S  STOP
(S (NP John *UNKC )NP (ADVP *UNKLY )ADVP (VP quit (NP (NP his job )NP )NP (NP last spring )NP (PP as (NP (NP an aide )NP (PP to (NP Speaker Wright )NP )PP )NP )PP (PP amid (NP (NP public *UNK )NP (PP over (NP (NP (NP Mr. *UNKC 's )NP *UNK attack )NP (PP on (NP a young woman )NP )PP (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP was (ADJP (NP 19 years )NP old )ADJP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (S (PP After (NP (NP a few weeks )NP (PP in (NP *UNK )NP )PP )NP )PP , (NP Mr. *UNKC )NP (VP opened (NP a consulting firm )NP , (PRN but (S not (VP to (VP enable (S (NP him )NP (VP to (VP (ADVP directly )ADVP lobby )VP )VP )S )VP )VP )S )PRN )VP )S ; (S (NP that )NP (VP would (VP require (S (NP him )NP (VP to (VP disclose (NP his clients )NP (PP by (S (VP *UNKING (PP as (NP a lobbyist )NP )PP )VP )S )PP )VP )VP )S )VP )VP )S . )S  STOP
(S (ADVP Still )ADVP , (NP Mr. *UNKC )NP (VP says (SBAR (S (NP he )NP (VP talks (PP to `` (NP (NP 30 members )NP (PP of (NP Congress )NP )PP (NP a week )NP )NP )PP )VP )S )SBAR )VP . '' )S  STOP
(S (NP *UNKC )NP (VP *UNKC (NP Company )NP )VP )S  STOP
(S (NP Other scandal *UNK )NP (VP are (ADVP sometimes )ADVP (NP (NP the best source )NP (PP of (NP *UNK )NP )PP )NP )VP . )S  STOP
(S (NP (NP Raymond *UNKC )NP , (NP (NP the New Jersey construction executive )NP (SBAR (WHNP who )WHNP (S (VP was (VP (VP forced (S (VP to (VP *UNK (PP as (NP labor secretary )NP )PP )VP )VP )S )VP and (VP indicted (PP in (NP 1985 )NP )PP )VP , (S (ADVP only )ADVP (VP to (VP be (VP *UNKED (PP of (NP fraud charges )NP )PP )VP )VP )VP )S )VP )VP )S )SBAR )NP , )NP (ADVP often )ADVP (VP calls (NP other *UNKED public figures )NP (S (VP to (VP offer (NP a *UNK *UNK )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP Each time )NP (SBAR (S (NP a new scandal )NP (VP hits )VP )S )SBAR )NP (PRN , (S (NP he )NP (VP says )VP )S , )PRN `` (NP it )NP (VP *UNK (NP the *UNK )NP (PP off (NP your *UNK )NP )PP )VP . '' )S  STOP
(S (NP (NP One )NP (PP of (NP the first people )NP )PP (SBAR (S (VP to (VP come (PP to (NP the Deaver home )NP )PP (SBAR after (S (NP his troubles )NP (VP *UNKED )VP )S )SBAR )VP )VP )S )SBAR )NP (VP was (NP (NP former Nixon aide John *UNKC )NP , (SBAR (WHNP whom )WHNP (S (NP Mr. Deaver )NP (VP (ADVP *UNKLY )ADVP knew )VP )S )SBAR )NP )VP . )S  STOP
(S `` (S (NP He )NP (VP *UNKED (NP me )NP (SBAR that (S (NP the hurricane )NP (VP would (VP end )VP )VP )S )SBAR )VP )S , '' (NP Mr. Deaver )NP (VP recalls )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP received (NP an encouraging letter )NP (PP from (NP (NP (NP the recognized master )NP (PP of (NP scandal survival )NP )PP )NP , (NP Richard Nixon )NP )NP )PP )VP . )S  STOP
(SINV (VP Says )VP (NP Mr. *UNKC )NP : `` (S (SBAR If (S (NP things )NP (VP get (ADJP really tough )ADJP )VP )S )SBAR , (NP I )NP (VP can (ADVP always )ADVP (VP auction (NP it )NP (PRT off )PRT (PP at (NP Sotheby 's )NP )PP )VP )VP )S . )SINV  STOP
(S (NP The Canadian government )NP , (PP with (NP (NP a view )NP (PP to (S (VP becoming (ADJP more politically active (PP in (NP Latin America )NP )PP )ADJP )VP )S )PP )NP )PP , (VP is (VP expected (S (VP to (VP announce (NP tomorrow )NP (NP its application (S (VP to (VP join (NP (NP (NP the Organization )NP (PP of (NP American States )NP )PP )NP , (NP a *UNKED regional agency )NP )NP )VP )VP )S )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP The expected Canadian move )NP (VP has (VP been (VP welcomed (PP by (NP the Bush administration )NP )PP (SBAR even though (S (NP Canada )NP (VP has (VP opposed (NP (NP such U.S. actions )NP (PP as (NP (NP (NP the trade *UNK )NP (PP against (NP Cuba )NP )PP )NP , (NP (NP the *UNK )NP (PP of (NP *UNKC )NP )PP )NP and (NP (NP the military support )NP (PP for (NP (NP Nicaragua 's )NP Contra *UNK )NP )PP )NP )NP )PP )NP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP (ADJP Latin American )ADJP countries )NP (VP have (ADVP long )ADVP (VP urged (NP Canada )NP (S (VP to (VP join (NP the *UNKC )NP (PP in (NP the hopes (SBAR that (S (NP it )NP (VP would (VP be (NP (NP a *UNK )NP (PP to (NP (NP the U.S. )NP , (SBAR (WHNP which )WHNP (S (PP for (NP many years )NP )PP (VP *UNKED (S (VP to (VP *UNK (NP the *UNK- organization )NP )VP )VP )S )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (SBAR Even though (S (NP the U.S. )NP (ADVP also )ADVP (VP has (VP supported (NP Canadian membership )NP )VP )VP )S )SBAR , (NP it )NP (VP has n't (VP been (NP a Washington priority )NP )VP )VP . )S  STOP
(SINV `` (S (NP The fact (SBAR that (S (NP we )NP (VP might not (VP side (PP with (NP the Americans )NP )PP )VP )VP )S )SBAR )NP (VP may (VP be (NP (NP a reason )NP (SBAR (WHADVP why )WHADVP (S (NP (NP (NP Canada 's )NP membership )NP (PP in (NP the *UNKC )NP )PP )NP (VP has n't (VP been , (PP over (NP the years )NP )PP , (NP (NP an item )NP (ADVP high (PP on (NP the U.S. agenda )NP )PP )ADVP )NP )VP )VP )S )SBAR )NP )VP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP former Canadian *UNK )NP (PP to (NP the U.S. )NP )PP )NP )NP . )SINV  STOP
(S (NP The Canadian application )NP (VP is (VP expected (S (VP to (VP be (VP announced (PP in (NP (NP San Jose )NP , (NP Costa Rica )NP , )NP )PP (PP by (NP (NP Canadian Prime Minister Brian *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP is (VP *UNKING (NP (NP a *UNK celebration )NP (PP of (NP Costa Rican democracy )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S `` (S (NP Canada )NP (VP has (NP (NP a (ADJP (ADJP larger )ADJP and (ADJP more beneficial )ADJP )ADJP role )NP (SBAR (S (VP to (VP play )VP )VP )S )SBAR (PP in (NP the *UNK )NP )PP )NP )VP )S , '' (NP Mr. *UNKC )NP (VP said (ADVP recently )ADVP )VP . )S  STOP
(S (NP Some Canadian political *UNK )NP (VP have (VP opposed (S (NP Canada 's )NP (VP joining (SBAR (WHNP what )WHNP (S (NP they )NP (VP see (PP as (NP a *UNKED organization )NP )PP )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP Canada )NP (VP could (VP do (NP (NP plenty )NP (PP of (NP things )NP )PP )NP (S (VP to (VP get (ADJP serious (PP about (NP Latin America )NP )PP )ADJP (PP without (S (VP running (NP (NP the risk )NP (PP of (S (VP getting (VP caught (PP in (NP (NP the cross fire )NP '' (PP between (NP (NP the U.S. )NP and (NP (NP (ADJP Latin American )ADJP members )NP (PP of (NP the *UNKC )NP )PP )NP )NP )PP )NP )PP )VP )VP )S )PP )NP )VP )S )PP )VP )VP )S )VP )VP )S , (VP said )VP (NP (NP Jeffrey *UNKC )NP , (NP (NP a columnist )NP (PP in (NP (NP Toronto 's )NP Globe & *UNKC newspaper )NP )PP )NP )NP . )SINV  STOP
(S (NP Canada )NP , (PP at (NP times )NP )PP , (VP could (VP be (NP an *UNK *UNKC partner )NP (PP for (NP the U.S. )NP )PP (SBAR if (S (NP its United *UNKC voting record )NP (VP is (NP an indication )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP U.N. General Assembly votes )NP )PP (NP last year )NP , (NP Canada )NP (VP voted (NP (NP the same )NP (PP as (NP the U.S. )NP )PP )NP (NP (NP (QP only 63 )QP % )NP (PP of (NP the time )NP )PP )NP )VP . )S  STOP
(S (S (NP France )NP (VP voted (NP (NP the same )NP (PP as (NP the U.S. )NP )PP )NP (NP (NP 76 % )NP (PP of (NP the time )NP )PP )NP )VP )S , (S (NP West Germany )NP (NP 79 % )NP )S and (S (NP Britain )NP (NP *UNK % )NP )S . )S  STOP
(S (NP (NP Larry *UNKC )NP , (NP (NP director )NP (PP of (NP (NP (NP the *UNKED Council )NP (PP on (NP *UNKC Affairs )NP )PP )NP , (NP a liberal research group )NP , )NP )PP )NP )NP (VP said (SBAR that (S (NP (ADJP Latin American )ADJP countries )NP (VP would (VP be (ADJP `` *UNKLY disappointed '' )ADJP (SBAR if (S (NP Canada )NP (VP were (S (VP to (VP follow (NP (NP the U.S. lead )NP (PP in (NP the *UNKC )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP Latin Americans )NP (VP see (NP Canada )NP (PP as (NP (NP a *UNK- power )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP their *UNK )NP )VP )S )SBAR )NP )PP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP (NP The *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP tries (S (VP to (VP promote (NP (NP peace )NP and (NP economic development )NP )NP (PP within (NP the *UNKC )NP )PP )VP )VP )S )VP )S )SBAR , )NP (VP is (VP attempting (S (VP to (VP find (NP (NP a settlement )NP (PP of (NP the current Panama political crisis )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP Cuba )NP (VP has (VP been (VP suspended (PP from (NP OAS membership )NP )PP )VP )VP )VP )S , but (S (NP (NP the organization 's )NP members )NP (VP are (VP discussing (NP (NP Cuba 's )NP *UNK )NP )VP )VP )S . )S  STOP
(S (NP (NP (NP (NP Robert H. *UNKC 's )NP Oct. 5 *UNK- article )NP (VP *UNKING (NP (NP violence )NP (PP in (NP comedy movies )NP )PP )NP )VP )NP (PRN -LRB- `` (S (NP Hollywood )NP , (NP You )NP (VP *UNKC (NP *UNK )NP )VP )S '' -RRB- )PRN )NP (VP is (ADJP (ADJP interesting )ADJP , but (ADJP somewhat *UNK- )ADJP )ADJP )VP . )S  STOP
(S (PP As (NP (NP a *UNK )NP (PP of (NP (NP older movies )NP (PP (PP from (NP the *UNK )NP )PP (ADVP on )ADVP )PP )NP )PP )NP )PP , (NP I )NP (VP do not (VP find (SBAR (S (NP modern *UNK )NP (VP contain (NP (NP violence )NP , (NP sex )NP and (NP *UNK language )NP )NP (PP to (NP (NP any greater degree )NP (PP than (NP other recent movies )NP )PP )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP *UNKC movies )NP (VP have (NP (NP plenty )NP (PP of (NP violence )NP )PP )NP , (SBAR though (S (NP it )NP (VP is (VP *UNKED (PP in (NP (NP keeping )NP (PP with (NP (NP the (ADJP more restrictive )ADJP social *UNK )NP (PP of (NP the time )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP example )NP )PP , (NP (NP one )NP (PP of (NP my favorite movies )NP )PP )NP (VP is (NP (NP the *UNKN British comedy `` (NX *UNKC *UNKC and *UNKC )NX )NP , '' (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP the entire comedy )NP (VP is (VP based (PP on (S (NP actor Dennis Price 's )NP (VP *UNKING (NP (NP eight *UNKED *UNK )NP (PRN -LRB- (VP (ADVP all )ADVP played (PP by (NP *UNKC *UNKC )NP )PP )VP -RRB- )PRN )NP (SBAR because (S (NP they )NP (VP (VP *UNKED (NP his mother )NP )VP and (VP stand (PP in (NP (NP the way )NP (PP of (S (NP his )NP (VP acquiring (NP the family title )NP )VP )S )PP )NP )PP )VP )VP )S )SBAR )VP )S )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP Similarly )ADVP , (NP (NP one )NP (PP of (NP (NP the (ADJP most popular )ADJP comedy *UNK )NP (PP of (NP the *UNK and *UNK )NP )PP )NP )PP )NP (VP was (NP the `` murder *UNK )NP )VP . '' )S  STOP
(S (NP (NP (NP The `` *UNKC *UNKC '' series )NP (PP of (NP movies )NP )PP )NP , (CONJP as well as )CONJP (NP many others )NP , )NP (VP based (NP their entire *UNK appeal )NP (PP on (NP (NP the star *UNK ' )NP *UNK *UNK and *UNK )NP )PP (SBAR as (S (NP (NP other characters )NP (PP in (NP the movies )NP )PP )NP (VP were (VP *UNKED )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Further )ADVP , (NP I )NP (VP think (SBAR (S (NP Mr. *UNKC )NP (VP made (NP a poor choice )NP (PP in (S (VP picking `` (NP (NP A *UNKC )NP (VP *UNKED (S (NP *UNKC )NP )S )VP )NP '' (PP as (NP (NP an example )NP (PP of (NP (NP the *UNK state )NP (PP of (NP modern comedy movies )NP )PP )NP )PP )NP )PP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The specific scene )NP (SBAR (S (NP he )NP (VP *UNK )VP )S )SBAR (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP *UNK *UNK )NP (VP are (VP *UNKED )VP )VP )S )SBAR )NP (VP is (ADJP somewhat *UNK (PP of (NP (NP the *UNK *UNK )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP the *UNK )NP (PP in (NP the old Warner *UNKC . `` *UNKC *UNKC '' *UNK )NP )PP )VP )S )SBAR )NP )PP )ADJP )VP . )S  STOP
(S (NP There )NP (VP is (NP (NP no *UNK- *UNK- , *UNK- *UNK )NP (PP of (NP (NP the animal 's )NP *UNK )NP )PP )NP )VP . )S  STOP
(S (VP *UNKC (PP in (NP mind )NP )PP (SBAR that (S (NP this )NP (VP is (NP (NP the same movie )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP a character )NP (VP is (VP *UNKED (PP by (NP a *UNK )NP )PP (S (ADVP only )ADVP (VP to (VP (VP pop (ADVP right back up )ADVP )VP and (VP *UNK (PP in (NP (NP the window )NP (PP of (NP a Boeing *UNKN )NP )PP )NP )PP -- (PP from (NP the outside )NP )PP -- (SBAR as (S (NP it )NP (VP takes (PRT off )PRT )VP )S )SBAR )VP )VP )VP )S )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP I )NP (VP will (VP be (NP (NP the first )NP (SBAR (S (VP to (VP agree (SBAR that (S (NP there )NP (VP is (NP (NP much )NP (SBAR (S (VP to (VP be (VP found (S (ADJP wrong (PP with (NP modern movie making )NP )PP )ADJP )S )VP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP Many modern *UNK )NP (VP seem (S (VP to (VP be (ADJP *UNK (PP of (S (VP writing (NP (NP (NP drama )NP , or (NP anything else )NP , )NP (PP without (NP *UNKED *UNKING )NP )PP )NP )VP )S )PP )ADJP )VP )VP )S )VP . )S  STOP
(S (S (NP *UNKC and violence )NP (VP are (VP (ADVP routinely )ADVP included (SBAR (WHADVP even when )WHADVP (S (NP they )NP (VP are (ADJP *UNK (PP to (NP the script )NP )PP )ADJP )VP )S )SBAR )VP )VP )S , and (S (NP high-tech special effects )NP (VP are (ADVP *UNKLY )ADVP (VP *UNKED (PP for (NP (NP good plot )NP and (NP character development )NP )NP )PP )VP )VP )S . )S  STOP
(S (PP In (ADJP short )ADJP )PP , (NP we )NP (VP have (NP (NP a movie and television industry )NP (SBAR (WHNP that )WHNP (S (VP is (ADJP either *UNK or *UNKED (PP of (S (VP making (NP a movie )NP (SBAR unless (S (NP it )NP (VP carries (NP a *UNKC or *UNK rating )NP )VP )S )SBAR )VP )S )PP )ADJP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP *UNKC )ADVP (NP (NP *UNK amounts )NP (PP of (NP (NP *UNK sex )NP , (NP violence )NP and (NP *UNK language )NP )NP )PP )NP (VP are (VP included (PP as (NP a *UNK )NP )PP )VP )VP . )S  STOP
(S (ADVP However )ADVP , (S (NP these *UNK )NP (VP are not (NP (NP the exclusive property )NP (PP of (NP modern *UNK )NP )PP )NP )VP )S , and (S (NP I )NP (VP believe (SBAR (S (NP Mr. *UNKC )NP (VP *UNK (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP attempts (S (VP to (VP link (NP this modern phenomenon )NP (ADVP too closely )ADVP (PP to (NP (NP a single category )NP (PP of (NP movie making )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP )S )SBAR )VP )S . )S  STOP
(NP Michael Smith )NP  STOP
(S (NP Rochester Telephone Corp. )NP (VP said (SBAR (S (NP it )NP (VP agreed (S (VP to (VP buy (NP (NP *UNKC Telephone Co. )NP (PP of (NP (NP *UNKC )NP , (NP *UNKC )NP )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Terms )NP (VP were n't (VP disclosed )VP )VP . )S  STOP
(S (NP Rochester )NP (VP will (VP exchange (NP (NP shares )NP (PP of (NP its common stock )NP )PP )NP (PP for (NP (NP all shares )NP (ADJP outstanding )ADJP (PP of (NP (NP *UNKC Telephone )NP , (NP a *UNKED company )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP serves (NP (NP (QP about 3,000 )QP access lines )NP (PP in (NP western Wisconsin )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP The average unemployment rate )NP (PP in (NP the 15 biggest *UNKED *UNK )NP )PP )NP (VP was (ADJP steady )ADJP (PP in (NP August )NP )PP (PP at (NP (NP the (ADJP *UNKN % )ADJP rate )NP (PP of (NP the two previous months )NP )PP )NP )PP )VP )S , (NP (NP (NP the Organization )NP (PP for (NP Economic *UNKC and Development )NP )PP )NP (PRN -LRB- (NP *UNKC )NP -RRB- )PRN )NP (VP said )VP . )S  STOP
(S (NP The August rate )NP (VP was (ADJP (ADJP (NP *UNKN percentage point )NP lower )ADJP (PP than (PP in (NP (NP the like month )NP (ADVP (NP a year )NP earlier )ADVP )NP )PP )PP )ADJP , (S (VP reflecting (NP (NP the pickup )NP (PP of (NP activity )NP )PP (PP in (NP the 15 countries )NP )PP )NP )VP )S )VP . )S  STOP
(S (S (NP The *UNKC )NP (VP said (SBAR that (S (NP (NP most )NP (PP of (NP the improvement )NP )PP )NP (VP occurred (PP in (NP (NP the second half )NP (PP of (NP last year )NP )PP )NP )PP )VP )S )SBAR )VP )S ; (S (PP since (NP (NP February )NP (PP of (NP this year )NP )PP )NP )PP , (NP unemployment )NP (VP has (VP been (ADJP steady )ADJP (PP at (NP (NP (QP around 6.2 )QP % )NP (PP of (NP the labor force )NP )PP )NP )PP )VP )VP )S . )S  STOP
(S (NP *UNKC Inc. )NP (VP said (SBAR (S (NP its board )NP (VP has (VP approved (NP a *UNKN reverse stock split )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The (NAC *UNKC , *UNKC , )NAC producer )NP (PP of (NP gas and oil )NP )PP , )NP (VP said (SBAR (S (NP it )NP (VP wants (S (NP shareholders )NP (VP to (VP approve (NP the split )NP (SBAR because (S (NP it )NP (VP would `` (VP enhance (NP (NP the *UNK '' and trading )NP (PP of (NP the stock )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (SBAR If (S (VP approved (PP at (NP (NP a shareholder meeting )NP (PP in (NP December )NP )PP )NP )PP )VP )S )SBAR , (S (NP (NP the number )NP (PP of (NP (NP shares )NP (ADJP outstanding )ADJP )NP )PP )NP (VP would (VP decrease (PP to (NP (QP five million )QP )NP )PP (PP from (NP (QP 50 million )QP )NP )PP )VP )VP )S , and (S (NP par value )NP (VP would (VP rise (PP to (NP 10 cents )NP )PP (PP from (NP a *UNK )NP )PP )VP )VP )S . )S  STOP
(S (NP *UNKC Co. )NP (VP said (SBAR (S (NP it )NP (VP has (VP agreed (S (VP to (VP buy (NP (NP *UNKC Inc. )NP , (NP (NP a Cincinnati maker )NP (PP of (NP (NP control *UNK )NP (PP for (NP industrial *UNK )NP )PP )NP )PP )NP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Terms )NP (VP were n't (VP disclosed )VP )VP )S , but (S (NP *UNKC )NP (VP said (SBAR (S (NP the deal )NP (VP will (VP be (VP completed (PP through (NP (NP an exchange )NP (PP of (NP stock )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP (ADJP *UNKLY held )ADJP *UNKC )NP (VP has (NP (NP annual sales )NP (PP of (NP (QP about $ 10 million )QP )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP (NP a maker )NP (PP of (NP (NP *UNK )NP , (NP *UNK )NP and (NP other controls )NP )NP )PP )NP , )NP (VP said (SBAR (S (NP the acquisition )NP (VP wo n't (VP impact (NP its 1989 profit )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Canadian manufacturers )NP (VP recorded (NP (NP a (ADJP *UNKN % )ADJP decline )NP (PP in (NP August )NP )PP (PP in (NP (NP their backlog )NP (PP of (NP *UNKED orders )NP )PP )NP )PP )NP )VP )S , (NP (NP Statistics Canada )NP , (NP a federal agency )NP , )NP (VP said )VP . )S  STOP
(S (NP The August drop )NP (VP was (NP (NP the fourth decline )NP (PP in (NP five months )NP )PP )NP )VP . )S  STOP
(S (NP (NP Most )NP (PP of (NP the August decrease )NP )PP )NP (VP was (VP attributed (PP to (NP (NP lower order *UNK )NP (PP in (NP the (ADJP (ADJP primary metal )ADJP and (ADJP electric and *UNK- )ADJP )ADJP industries )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Manufacturers ' )NP shipments )NP (VP rose (NP 0.3 % )NP (PP in (NP August )NP )PP (PP following (NP (NP two months )NP (PP of (NP declines )NP )PP )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP fell (NP 0.3 % )NP (PP in (NP August )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC Oil PLC )NP , (NP a British independent oil company )NP , )NP (VP said (SBAR (S (NP its (ADJP West German )ADJP subsidiary *UNKC )NP (VP has (NP (NP a (ADJP 49 % )ADJP share )NP (PP in (NP (NP *UNKC *UNKC )NP , (NP a new Polish *UNK company )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The remaining 51 % )NP (PP of (NP the joint venture )NP )PP )NP (VP will (VP be (VP controlled (PP by (NP Polish *UNK manufacturers , *UNK and technical *UNK )NP )PP )VP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP will (VP (VP develop (NP (NP application guidelines )NP (PP for (NP *UNK )NP )PP )NP )VP , (VP sell (NP high-quality *UNK *UNK )NP )VP , and (VP offer (NP (NP services )NP (PP in (NP (NP industrial cleaning )NP and (NP related fields )NP )NP )PP )NP )VP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP has (NP (NP a strong market position )NP (VP *UNKING (NP (NP *UNK *UNK )NP and (NP *UNKING *UNK )NP )NP (PP in (NP Poland )NP )PP )VP )NP )VP )S )SBAR , )NP (VP described (NP the joint venture )NP (PP as `` (ADJP fairly small )ADJP )PP )VP . '' )S  STOP
(S (NP It )NP (VP did n't (VP provide (NP (NP details )NP (PP of (NP *UNK costs )NP )PP )NP )VP )VP . )S  STOP
(S (NP Du Pont Co. )NP (VP reported (SBAR that (S (NP third-quarter profit )NP (VP grew (NP a robust 19 % )NP (PP from (ADVP (NP a year )NP ago )ADVP )PP (PP on (NP (NP the strength )NP (PP of (NP (NP (NP the company 's )NP operations )NP (PP (PP in (NP various chemicals and fibers )NP )PP , and (PP in (NP petroleum )NP )PP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Du Pont )NP (ADVP also )ADVP (VP (VP raised (NP its quarterly dividend )NP (PP to (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP (PP from (NP $ 1.05 )NP )PP )VP , (NP (NP a change )NP (SBAR (WHNP that )WHNP (S (VP will (VP increase (NP (NP the annualized *UNK )NP (PP to (NP shareholders )NP )PP )NP (PP by (NP (QP some $ 140 million )QP )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Du Pont )NP , (PP unlike (NP (NP companies )NP (VP hurt (ADVP badly )ADVP (PP by (NP (NP sharp price declines )NP (PP for (NP basic chemicals and plastics )NP )PP )NP )PP )VP )NP )PP , (VP is (VP *UNKING (PP from (NP (NP its broad range )NP (PP of (NP businesses )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The profit gain )NP (VP was (VP made (PP despite (NP (NP (NP a weakening )NP (PP in (NP (NP the housing market )NP , (SBAR (WHPP for (WHNP which )WHNP )WHPP (S (NP the company )NP (VP is (NP (NP a supplier )NP )NP )VP )S )SBAR )NP )PP )NP , and (NP (NP a strengthening )NP (PP in (NP the dollar )NP )PP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP (NP the value )NP (PP of (NP overseas earnings )NP )PP (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP are (VP translated (PP into (NP dollars )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )NP )NP )PP )VP )VP . )S  STOP
(S (NP The (NAC *UNKC , *UNKC , )NAC company )NP (VP reported (NP (NP net )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP , (SBAR (WHNP which )WHNP (S (VP was (PP in (NP (NP line )NP (PP with (NP Wall Street estimates )NP )PP )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (NP the year-earlier period )NP )PP , (NP the company )NP (VP earned (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )VP . )S  STOP
(S (NP (NP Sales )NP (PP in (NP the latest quarter )NP )PP )NP (VP were (NP (QP $ *UNKN billion )QP )NP , (ADVP up (NP *UNKN % )NP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )ADVP )VP . )S  STOP
(S (NP The dividend increase )NP (VP (VP was (NP (NP Du Pont 's )NP second )NP (NP this year )NP )VP , (NP (NP an *UNK )NP (PP of (NP (NP statements )NP (PP by (NP top executives )NP )PP (SBAR that (S (NP they )NP (VP intend (S (VP to (VP increase (NP (NP *UNK )NP (PP to (NP shareholders )NP )PP )NP )VP )VP )S )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP have n't (VP benefited (NP the shareholder )NP (ADVP (ADVP as much )ADVP (SBAR as (S (NP we )NP (VP need (S (VP to )VP )S )VP )S )SBAR )ADVP )VP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC Jr. )NP , (NP (NP Du Pont 's )NP chairman and chief executive officer )NP , )NP (PP in (NP an interview )NP )PP (SBAR (NP several months )NP before (S (NP he )NP (VP entered (NP his current position )NP (PP in (NP April )NP )PP )VP )S )SBAR . )SINV  STOP
(S (NP The largest *UNK )NP (VP will (VP be (NP (NP Seagram Co. )NP , (SBAR (WHNP which )WHNP (S (VP owns (NP (NP (QP about 23 )QP % )NP (PP of (NP Du Pont )NP )PP )NP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP A spokesman )NP (PP for (NP (NP Seagram )NP , (NP (NP the Montreal *UNK and spirits concern )NP (VP controlled (PP by (NP the *UNKC family )NP )PP )VP )NP , )NP )PP )NP (VP said (SBAR (S (NP the company )NP (VP will (VP post (NP (NP additional pretax profit )NP (PP of (NP (NP (QP about $ 33 million )QP )NP (NP a year )NP )NP )PP )NP (PP because of (NP the additional Du Pont dividends )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Du Pont )NP (ADVP also )ADVP (VP announced (NP (NP plans )NP (PP for (NP a *UNKN stock split )NP )PP )NP , (SBAR although (S (NP the initial higher dividend )NP (VP will (VP be (VP paid (PP on (NP *UNK- shares )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Du Pont 's )NP stock )NP (VP rose (NP (NP $ 2.50 )NP (NP a share )NP )NP (S (VP to (VP close (PP at (NP $ *UNKN )NP )PP )VP )VP )S (PP in (NP New York Stock Exchange composite trading )NP )PP (NP yesterday )NP )VP . )S  STOP
(S (NP Seagram )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP up (NP (NP 12.5 cents )NP (NP a share )NP )NP )ADVP (PP in (NP Big Board trading )NP )PP )VP . )S  STOP
(SINV (VP *UNKING (NP (NP the gains )NP (PP for (NP Du Pont )NP )PP )NP (PP in (NP the latest quarter )NP )PP )VP (VP was )VP (NP (NP its industrial products segment )NP , (SBAR (WHADVP where )WHADVP (S (NP profit )NP (VP soared (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ 99 million )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP )S )SBAR )NP . )SINV  STOP
(S (NP The company )NP (VP benefited (PP from (NP (NP (NP continued strong demand )NP and (NP higher selling prices )NP )NP (PP for (NP (NP *UNK *UNK )NP , (NP (NP a white *UNK )NP (VP used (PP in (NP *UNK , paper and plastics )NP )PP )VP )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP James *UNKC )NP , (NP (NP a (NAC New *UNKC , N.J. , )NAC marketing consultant )NP (PP to (NP the chemicals industry )NP )PP )NP , )NP (VP says (SBAR (S (NP Du Pont )NP (ADVP still )ADVP (VP holds (NP an edge )NP (PP in (S (VP making (NP the *UNK )NP )VP )S )PP (SBAR because (S (NP the company )NP (VP was (ADVP `` first in (PP with (NP (NP the technology )NP '' (SBAR (S (VP to (VP lower (NP costs )NP )VP )VP )S )SBAR )NP )PP )ADVP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP Du Pont )NP (VP holds (NP (NP (NP (QP about 23 )QP % )NP (PP of (NP the world-wide market )NP )PP )NP , (NP the largest single share )NP , )NP (PP at (NP (NP a time )NP (SBAR (WHADVP when )WHADVP (S (NP (NP growing uses )NP (PP for (NP the *UNK )NP )PP )NP (VP have (VP kept (S (NP it )NP (PP in (NP tight supply )NP )PP )S )VP )VP )S )SBAR )NP )PP , (SBAR although (S (NP others )NP (VP are (ADVP now )ADVP (VP adding (NP low-cost production capacity )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Profit )NP (VP climbed (PP to (NP (QP $ 98 million )QP )NP )PP (PP from (NP (QP $ 71 million )QP )NP )PP (PP in (NP the petroleum segment )NP )PP , (SBAR as (S (NP (NP Du Pont 's )NP *UNKC Inc. oil company )NP (VP was (VP helped (PP (PP by (NP (NP crude oil prices )NP (ADJP (ADJP higher )ADJP (PP than (ADVP (NP a year )NP ago )ADVP )PP )ADJP )NP )PP and (PP by (NP higher natural gas prices and volume )NP )PP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP the *UNKED businesses segment )NP , (SBAR (WHNP which )WHNP (S (VP includes (NP *UNK )NP )VP )S )SBAR , )NP )PP (NP profit )NP (VP grew (PP to (NP (QP $ 64 million )QP )NP )PP (PP from (NP (QP $ 27 million )QP )NP )PP )VP . )S  STOP
(S (NP A spokesman )NP (VP said (SBAR (S (NP (NP *UNK use )NP (PP in (NP (NP some areas )NP (PP of (NP the U.S. )NP )PP )NP )PP )NP (VP was (VP delayed (ADVP earlier (PP in (NP the year )NP )PP )ADVP (PP by (NP heavy *UNK )NP )PP , (ADVP thus )ADVP (S (VP increasing (NP sales )NP (PP in (NP the third quarter )NP )PP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP the fibers segment )NP )PP , (NP profit )NP (VP (VP rose (PP to (NP (QP $ 180 million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP , (NP (NP a gain )NP (SBAR (S (NP Du Pont )NP (VP attributed (PP to (NP (NP higher demand )NP (PP in (NP the U.S. )NP )PP (PP for (NP most textile products )NP )PP )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Two segments )NP (VP posted (NP (NP lower earnings )NP (PP for (NP the quarter )NP )PP )NP )VP . )S  STOP
(S (NP (NP Profit )NP (PP from (NP coal )NP )PP )NP (VP fell (PP to (NP (QP $ 41 million )QP )NP )PP (PP from (NP (QP $ 58 million )QP )NP )PP , (PP partly because of (NP (NP a *UNK ' )NP strike )NP )PP )VP . )S  STOP
(S And (NP (NP profit )NP (PP from (NP *UNK )NP )PP )NP (VP dropped (PP to (NP (QP $ 107 million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP (PP amid (SBAR (WHNP what )WHNP (S (NP Du Pont )NP (VP called (S (NP (NP lower demand and selling prices )NP (PP in (NP certain packaging and industrial markets )NP )PP )NP )S )VP )S )SBAR )PP )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP Du Pont )NP (VP earned (NP (NP (NP (QP $ 2 billion )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (ADVP up (NP 18 % )NP (PP from (NP (NP (QP $ *UNKN billion )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )NP )VP . )S  STOP
(S (NP Sales )NP (VP increased (NP 10 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP The increased dividend )NP (VP will (VP be (VP paid (NP Dec. 14 )NP (PP to (NP (NP holders )NP (PP of (NP record )NP )PP (NP Nov. 15 )NP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP The stock split )NP , (SBAR (WHNP which )WHNP (S (VP is (ADJP subject (PP to (NP holder approval )NP )PP )ADJP )VP )S )SBAR , )NP (VP would (VP be (VP paid (PP on (NP (NP a still unspecified date )NP (PP in (NP January )NP )PP )NP )PP (PP to (NP (NP holders )NP (PP of (NP record )NP )PP (NP Dec. 21 )NP )NP )PP )VP )VP )VP . )S  STOP
(S (NP American Medical International Inc. )NP (VP was (VP dropped (PP from (NP (NP the health care *UNK industry group )NP (PP of (NP the Dow Jones Equity Market Index )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The company )NP (VP is (VP being (VP acquired )VP )VP )VP . )S  STOP
(S (NP U.S. Healthcare Inc. )NP (VP was (VP added (PP to (NP the health care *UNK group )NP )PP )VP )VP . )S  STOP
(S (NP Both moves )NP (VP are (ADJP effective )ADJP (NP today )NP )VP . )S  STOP
(S (S (NP The Canadian government )NP (VP plans (S (VP to (VP auction (PP on (NP Tuesday )NP )PP (NP (NP (QP 750 million )QP Canadian dollars )NP (PRN -LRB- (NP (QP US$ *UNKN million )QP )NP -RRB- )PRN (PP of (NP (NP *UNKN % bonds )NP (ADJP due (NP Dec. 1 , 1999 )NP )ADJP )NP )PP )NP )VP )VP )S )VP )S , (NP the Finance Department )NP (VP said )VP . )S  STOP
(S (NP (NP Proceeds )NP (PP of (NP the issue )NP )PP )NP (VP will (VP be (VP used (PP for (NP general government purposes )NP )PP )VP )VP )VP . )S  STOP
(S (NP Finnish conglomerate *UNKC *UNK AB )NP (VP said (SBAR (S (NP it )NP (VP reached (NP an agreement (S (VP to (VP buy (NP Dutch cable company *UNKC *UNKC *UNKC )NP (PP for (NP (NP (QP *UNKN million )QP Finnish *UNK )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP )PP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP will (VP gain (NP (NP control )NP (PP over (NP *UNKC *UNKC )NP )PP )NP (PP by (S (VP buying (NP (NP 51 % )NP (PP of (NP (NP the shares )NP (PP in (NP (NP *UNKC Holding N.V. )NP , (SBAR (WHNP which )WHNP (S (VP owns (NP *UNKC *UNKC )NP )VP )S )SBAR )NP )PP )NP )PP )NP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (ADJP Western European )ADJP leaders )NP (SBAR (WHNP who )WHNP (S (VP favor (NP *UNK (ADJP economic and monetary )ADJP union )NP )VP )S )SBAR )NP (VP are (VP adding (NP (NP a new argument )NP )NP (PP to (NP their *UNK )NP )PP : (NP (NP the *UNKING political changes )NP (PP under (NP way )NP )PP (PP in (NP Eastern Europe )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP French President *UNKC *UNKC )NP , (NP European Community Commission President *UNKC *UNKC )NP , (NP Spanish Prime Minister *UNKC Gonzalez )NP and (NP others )NP )NP (VP have (VP begun (S (VP linking (NP (NP the rapid changes )NP (PP in (NP the East )NP )PP )NP (PP to (NP the need (S (VP to (VP speed (PRT up )PRT (NP (NP changes )NP (PP in (NP the West )NP )PP )NP )VP )VP )S )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP They )NP (VP are (VP *UNKING (SBAR that (S (NP (NP the best way )NP (SBAR for (S (NP the West )NP (VP to (VP help (NP the East )NP )VP )VP )S )SBAR )NP (VP is (S (VP to (VP move (ADVP faster )ADVP (PP *UNK (NP (ADJP Western European )ADJP (ADJP economic and monetary )ADJP *UNK )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP This )NP (VP would (VP (VP make (S (NP the *UNKED system )NP (ADJP more attractive (PP to (NP Eastern countries )NP )PP )ADJP )S )VP (PRN , (S (NP they )NP (VP argue )VP )S , )PRN and (VP allow (S (NP (NP greater economic aid )NP and (NP technological *UNK- )NP )NP (VP to (VP flow (PP from (NP West )NP )PP (PP to (NP East )NP )PP )VP )VP )S )VP )VP )VP . )S  STOP
(S `` (NP (NP The only response )NP (PP to (NP (NP the challenge )NP (VP being (VP presented (PP to (NP us )NP )PP (PP by (NP the East )NP )PP )VP )VP )NP )PP )NP , '' (PRN (S (NP Mr. *UNKC )NP (VP told (NP the European Parliament )NP (PP in (NP *UNKC )NP )PP (NP yesterday )NP )VP )S )PRN , `` (VP is (S (VP to (VP reinforce and *UNK (NP (NP the union and *UNK )NP (PP of (NP the European Community )NP )PP )NP )VP )VP )S )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP proposed (SBAR (SBAR that (S (NP a conference )NP (VP be (VP *UNKED (NP next fall )NP (S (VP to (VP write (NP (NP a new treaty )NP (PP for (NP the EC )NP )PP (VP allowing (NP a European central bank )NP )VP )NP )VP )VP )S )VP )VP )S )SBAR , and (SBAR that (S (NP the treaty )NP (VP be (VP *UNKED (PP by (NP 1992 )NP )PP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (ADVP also )ADVP (VP proposed (NP (NP a separate `` Bank for Europe '' )NP (SBAR (WHNP that )WHNP (S (VP would (VP channel (NP development money )NP (PP to (NP the East )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP One basis )NP (PP for (S (VP linking (NP (NP (NP change )NP (PP in (NP the East )NP )PP )NP and (NP (NP change )NP (PP in (NP the West )NP )PP )NP )NP )VP )S )PP )NP (VP is (NP the notion (SBAR that (S (S (VP *UNKING (NP (QP 110 million )QP Eastern Europeans )NP (PP with (NP (QP *UNKN million )QP Western Europeans )NP )PP )VP )S (VP is (ADVP primarily )ADVP (NP (NP the task )NP (PP of (NP Europeans )NP )PP )NP , (PP despite (NP (NP the U.S. 's )NP obvious (ADJP strategic and economic )ADJP interest )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(SINV (VP Says )VP (NP a European strategist )NP : `` (S (NP The U.S. )NP (VP tends (S (VP to (VP look (PP at (NP (NP Eastern Europe )NP (PRN -LCB- (PP not including (NP the Soviet Union )NP )PP -RCB- )PRN )NP )PP (SBAR as (S (NP Europe )NP (VP looks (PP at (NP Latin America )NP )PP )VP )S )SBAR : (FRAG (UCP (ADJP important )ADJP but (ADVP far away )ADVP )UCP )FRAG )VP )VP )S )VP )S . )SINV  STOP
(S But (PP for (NP (NP us )NP (PP in (NP Western Europe )NP )PP )NP )PP , (NP these )NP (VP are (NP Europeans )NP (NP next door )NP )VP . '' )S  STOP
(S (NP A *UNKED Europe )NP (VP *UNK (NP (NP big changes )NP (PP in (NP *UNK- (ADJP military and economic )ADJP policies )NP )PP )NP )VP . )S  STOP
(S (NP There )NP (VP is (ADJP likely (S (VP to (VP be (NP (NP a natural division )NP (PP of (NP labor )NP )PP )NP , (PRN (SINV (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP director )NP (PP of (NP (NP the International Institute )NP (PP for (NP *UNKC *UNKC )NP )PP (PP in (NP London )NP )PP )NP )PP )NP )NP )SINV )PRN , (SBAR with (S (S (NP the U.S. )NP (ADJP more engaged (PP in (NP (NP strategic issues )NP (PP with (NP the Soviet Union )NP )PP )NP )PP )ADJP )S , and (S (NP Western Europe )NP (ADJP more involved (PP with (NP (NP specific aid measures )NP (PP for (NP the East )NP )PP )NP )PP )ADJP )S )S )SBAR )VP )VP )S )ADJP )VP . )S  STOP
(S (NP (NP The *UNK )NP (PP at (NP (NP (NP July 's )NP economic summit )NP (PP of (NP major industrialized nations )NP )PP )NP )PP (PP of (NP the EC Commission )NP )PP (PP as (NP (NP *UNK )NP (PP of (NP (NP Western aid )NP (PP to (NP Poland and Hungary )NP )PP )NP )PP )NP )PP )NP (VP was (NP a first step )NP )VP . )S  STOP
(S (S (PP In (NP part )NP )PP , (NP this division )NP (VP is (VP *UNKED (PP by (NP economics )NP )PP )VP )VP )S : (S (NP West Germany )NP (VP is (NP (NP a net *UNK )NP (PP of (NP capital )NP )PP )NP (SBAR while (S (NP the U.S. )NP (VP is n't )VP )S )SBAR )VP )S . )S  STOP
(S (SBAR While (S (NP American aid efforts )NP (VP have (VP been (VP limited (PP by (NP budget problems )NP )PP )VP )VP )VP )S )SBAR , (NP yesterday )NP (NP France )NP (VP announced (NP (NP a three-year , (ADJP (ADJP (QP four billion )QP French *UNK )ADJP (PRN -LRB- (ADJP (QP $ 650 million )QP )ADJP -RRB- )PRN )ADJP aid plan )NP (PP for (NP Poland )NP )PP )NP )VP . )S  STOP
(S (PP Despite (NP (NP sudden changes )NP (PP in (NP the strategic *UNK )NP )PP )NP )PP , (NP (NP some (ADJP Western European )ADJP leaders )NP (PRN , (ADVP especially )ADVP (NP British Prime Minister Margaret Thatcher )NP , )PRN )NP (VP (VP remain (ADJP skeptical (PP about (NP European (ADJP political and economic )ADJP *UNK )NP )PP )ADJP )VP , and (VP are (ADJP unlikely (S (VP to (VP let (S (NP *UNKC concerns )NP (VP change (NP their minds )NP )VP )S )VP )VP )S )ADJP )VP )VP . )S  STOP
(S But (NP British analysts )NP (VP are (VP beginning (S (VP to (VP link (NP the issues )NP )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP need (NP a Western *UNKC )NP )VP )S , '' (VP says )VP (NP (NP John *UNKC )NP , (PP of (NP (NP the Royal Institute )NP (PP of (NP International Affairs )NP )PP (PP in (NP London )NP )PP )NP )PP , )NP (S (VP referring (PP to (NP (NP (NP West Germany 's )NP longstanding policy )NP (PP of (NP (NP a diplomatic opening )NP (PP to (NP the East )NP )PP )NP )PP )NP )PP )VP )S . )SINV  STOP
(S `` (PP For (NP Poland and Hungary )NP )PP (NP we )NP (VP need (S (VP to (VP think (PP about (NP (NP a *UNK- economic approach )NP (SBAR (WHNP that )WHNP (S (VP would (VP force (S (NP them )NP (VP to (VP price (NP things )NP (ADVP *UNKLY )ADVP (PP in (NP (NP return )NP (PP for (S (VP removing (NP all our *UNK barriers )NP )VP )S )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP . '' )S  STOP
(S (NP He )NP (VP notes (SBAR that (S (S (NP (NP the Marshall Plan )NP (PP of (NP (NP U.S. aid )NP (PP to (NP Europe )NP )PP )NP )PP )NP `` (VP did n't (ADVP just )ADVP (VP throw (NP money )NP (PP at (NP *UNK- Europe )NP )PP )VP )VP )S , (S (NP it )NP (ADVP also )ADVP (VP (VP *UNKED )VP and (VP opened (PRT up )PRT )VP (NP those markets )NP )VP )S )S )SBAR )VP . '' )S  STOP
(S (NP The French analysis )NP (VP goes (ADVP further )ADVP )VP . )S  STOP
(SINV `` (S (NP (NP Most )NP (PP of (NP (NP the West 's )NP leaders )NP )PP )NP (VP have (ADVP finally )ADVP (VP concluded (SBAR that (S (NP (NP we )NP (NP all )NP )NP (VP want (S (NP (NP perestroika )NP (PRN -LCB- (NP (NP (NP Soviet leader Mikhail Gorbachev 's )NP policy )NP (PP of (NP economic restructuring )NP )PP )NP -RCB- )PRN )NP (VP to (VP succeed )VP )VP )S )VP )S )SBAR )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP security adviser )NP (PP to (NP Mr. *UNKC )NP )PP )NP )NP . )SINV  STOP
(S `` But (NP they )NP (VP have n't (ADVP yet )ADVP (VP drawn (NP the operational policy *UNK )NP )VP )VP . '' )S  STOP
(S (NP He )NP (VP adds (SBAR that (S (PP with (S (S (NP *UNK )NP (VP *UNKING )VP )S and (S (NP Mr. Gorbachev )NP (VP *UNKING (S (VP to (VP *UNK (NP the Soviet economy )NP )VP )VP )S )VP )S )S )PP , `` (S (NP Our interest )NP (VP lies (PP in (NP (NP a controlled *UNK )NP , (NP a contained nuclear reaction )NP )NP )PP )VP )S , so (S (NP we )NP (VP need (S (VP to (VP help (NP him )NP , (PRN and (PP (ADVP not just )ADVP with (NP words )NP )PP )PRN )VP )VP )S )VP )S )S )SBAR )VP . '' )S  STOP
(S (S (VP *UNKING (NP change )NP )VP )S (PRN , (S (NP he )NP (VP adds )VP )S , )PRN (VP will (VP require (NP (NP (ADJP (NP a lot )NP more )ADJP aid )NP and (NP (NP a prominent role )NP (PP for (NP the EC )NP )PP , (PP especially in (S (VP dealing (PP with (NP (NP the question )NP (PP of (NP German *UNK )NP )PP )NP )PP )VP )S )PP )NP )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC de *UNKC )NP , (NP (NP director )NP (PP of (NP (NP (NP the French *UNKC )NP (PP for (NP International Relations )NP )PP )NP (PP in (NP Paris )NP )PP )NP )PP )NP , )NP (VP says (SBAR (S (NP (NP it )NP )NP (VP is n't (ADJP clear )ADJP (SBAR (WHNP what )WHNP , (S (ADVP exactly )ADVP , (NP West Germany )NP (VP wants )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Any push )NP (PP for (NP (NP a Gorbachev vision )NP (PP of (NP (NP a `` common European home )NP , '' (VP *UNKING (NP (NP (NP the eventual *UNK )NP (PP of (NP the EC )NP )PP )NP , (NP a *UNKC partnership )NP and (NP (NP the withdrawal )NP (PP of (NP U.S. forces )NP )PP )NP )NP )VP )NP )PP )NP )PP )NP , `` (VP would (VP be (NP a (ADJP very , very serious )ADJP problem )NP )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP He )NP (VP (VP doubts (SBAR (S (NP (NP a *UNKC *UNK state )NP )NP (VP will (VP emerge (SBAR (WHNP that )WHNP (S (VP would (VP *UNK (NP Europe )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP , but (VP warns (PP of `` (NP (NP a risk )NP (PP of (NP (NP *UNK change )NP (PP in (NP (NP the heart )NP (PP of (NP the European Community )NP )PP )NP )PP (PP from (NP (NP a Germany )NP (SBAR (WHNP that )WHNP (S (VP is (ADJP too strong )ADJP , (SBAR even if (S (ADJP democratic )ADJP )S )SBAR )VP )S )SBAR )NP )PP )NP )PP )NP )PP )VP )VP . '' )S  STOP
(S (NP He )NP (VP adds : `` (S (NP (NP We )NP , and (NP (NP the rest )NP (PP of (NP the EC )NP )PP )NP )NP (VP have (S (VP to (VP (VP talk (PP to (NP the Germans )NP )PP , (ADVP now )ADVP , (ADVP *UNKLY )ADVP )VP and (VP raise (NP these future risks )NP (PP with (NP them )NP )PP )VP )VP )VP )S )VP )S )VP . '' )S  STOP
(S (SBAR While (S (NP (NP many *UNK )NP (PRN , (ADVP particularly )ADVP (NP French ones )NP , )PRN )NP (VP worry (SBAR that (S (NP (NP (ADJP *UNK and emotional )ADJP reaction )NP (PP to (NP (NP the changes )NP (PP in (NP the East )NP )PP )NP )PP )NP (VP might (VP lead (PP to (NP (NP dangerous pressures )NP (PP for (NP (NP a *UNKED Europe )NP or (NP (NP the *UNK- withdrawal )NP (PP of (NP American troops )NP )PP )NP )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S )SBAR , (NP (NP Mr. *UNKC )NP (PP in (NP London )NP )PP )NP (VP sees (NP a (ADJP more positive )ADJP scenario )NP )VP . )S  STOP
(S `` (S (NP There )NP (VP seems (S (VP to (VP be (NP (NP a message )NP (PP from (NP Moscow )NP )PP (SBAR (S (NP there )NP (VP 's (NP a deal )NP (PP on (NP offer )NP )PP )VP )S )SBAR )NP )VP )VP )S )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (NP They )NP (VP want (NP *UNK (SBAR (S (NP we )NP (VP wo n't (VP try (S (VP to (VP undermine or destroy (NP the Warsaw *UNKC )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP ... . )S  STOP
(S (PP In (NP return )NP )PP , (NP (NP the U.K. )NP and (NP France )NP )NP (VP could (VP keep (NP their nuclear weapons )NP )VP )VP . )S  STOP
(S (NP He )NP (VP adds : `` (S (SBAR Once (S (NP both sides )NP (VP feel (ADJP comfortable )ADJP )VP )S )SBAR , (NP (NP it )NP )NP (VP should (VP be (ADJP that much easier )ADJP (S (VP to (VP make (NP (NP more progress )NP (PP toward (NP (NP the (ADJP economic and social )ADJP reforms )NP (SBAR (WHNP that )WHNP (S (VP are (ADVP now )ADVP (VP starting (PP in (NP the East )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP *UNKC Technology Corp. )NP (VP said (SBAR (S (NP a Seattle investor )NP (VP has (VP signed (NP (NP a letter )NP (PP of (NP intent (S (VP to (VP buy (NP the company )NP (PP for (NP (NP (QP about $ 3.1 million )QP )NP , or (NP (NP $ 1.20 )NP (NP a share )NP )NP )NP )PP )VP )VP )S )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP (NP The investor )NP , (NP Donald A. Wright )NP , )NP (VP plans (S (VP to (VP run (NP the company )NP )VP )VP )S )VP )S , (VP said )VP (NP (NP a spokesman )NP (PP for (NP *UNKC )NP )PP )NP . )SINV  STOP
(S (NP The transaction )NP (VP (VP has (VP been (VP approved (PP by (NP (NP *UNKC 's )NP board )NP )PP )VP )VP )VP , but (VP requires (NP (NP the approval )NP (PP of (NP (NP the company 's )NP shareholders )NP )PP )NP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP *UNK (NP electronic components )NP )VP . )S  STOP
(S (NP *UNKC *UNKC Inc. holders )NP (VP adopted (NP a *UNK- plan )NP (PP at (NP the annual meeting )NP )PP )VP . )S  STOP
(S (NP The so-called poison pill )NP (VP took (NP effect )NP (NP Aug. 9 )NP (PP pending (NP (NP *UNK )NP (PP by (NP holders )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Rights )NP (VP attached (PP to (NP (NP the company 's )NP common shares )NP )PP )VP )NP (VP were (VP issued (SBAR (WHNP that )WHNP (S (VP are (VP triggered (SBAR if (S (NP a hostile bidder )NP (VP *UNK (NP (NP (QP more than 20 )QP % )NP (PP of (NP (NP the shares )NP (ADJP outstanding )ADJP )NP )PP )NP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (SBAR Once (S (VP triggered )VP )S )SBAR , (NP the rights )NP (VP allow (S (NP holders )NP (VP (VP to (VP buy (NP additional shares )NP (PP at (NP (NP 50 % )NP (PP of (NP the (ADJP then current )ADJP market price )NP )PP )NP )PP )VP )VP or , (VP (PP at (NP (NP the board 's )NP *UNK )NP )PP , to (VP receive (NP securities or assets )NP )VP )VP )VP )S )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP *UNKC *UNKC )NP (VP posted (NP (NP net income )NP (PP of (NP (NP (NP (QP 4.7 million )QP Canadian dollars )NP (PRN -LRB- (NP (QP $ 4 million )QP )NP -RRB- )PRN )NP , or (NP (NP 12 Canadian cents )NP (NP a share )NP )NP , )NP )PP (PP for (NP (NP the *UNK- quarter )NP (VP ended (NP Sept. 30 )NP )VP )NP )PP )NP )VP . )S  STOP
(S (NP The company )NP (VP had (NP (NP a net loss )NP (PP of (NP (NP (QP C$ 2.3 million )QP )NP , or (NP (NP 14 Canadian cents )NP (NP a share )NP )NP , )NP )PP )NP (ADVP (NP a year )NP ago )ADVP )VP . )S  STOP
(S (NP Sales )NP (VP were (NP (QP C$ *UNKN million )QP )NP (PP compared (PP with (NP (NP C$ *UNKN )NP (ADVP (NP a year )NP earlier )ADVP )NP )PP )PP )VP . )S  STOP
(S (NP Computer Sciences Corp. )NP (VP said (SBAR (S (NP it )NP (VP received (NP (NP a U.S. *UNKC Service contract )NP (SBAR (WHNP that )WHNP (S (VP will (VP have (NP (NP a value )NP (PP of (NP (QP at least $ 33 million )QP )NP )PP )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Computer Sciences )NP (VP will (VP perform (NP data processing work )NP (PP for (NP the *UNKC Service )NP )PP (PP under (NP (NP the three-year contract )NP , (SBAR (WHNP which )WHNP (S (ADVP also )ADVP (VP includes (NP (NP two additional option years )NP (SBAR (WHPP for (WHNP which )WHNP )WHPP (S (NP compensation )NP (VP has n't (ADVP yet )ADVP (VP been (VP fixed )VP )VP )VP )S )SBAR )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP Computer Sciences )NP (VP said (SBAR (S (NP its work )NP (VP will (VP improve (NP *UNKING efficiency )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP (NP its fiscal year )NP (VP ended (NP March 31 )NP )VP )NP )PP , (NP Computer Sciences )NP (VP had (NP (NP revenue )NP (PP of (NP (QP $ 1.3 billion )QP )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC Corp. )NP (VP agreed (S (VP to (VP buy (NP (NP *UNKC *UNKC Co. )NP , (NP (NP the U.S. subsidiary )NP (PP of (NP (NP *UNKC *UNK )NP , (PP of (NP *UNKC )NP )PP , )NP )PP )NP )NP (PP for (NP (QP about $ 7 million )QP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP a (NAC *UNKC Washington , N.Y. , )NAC construction concern )NP , )NP (VP was (VP established (PP in (NP *UNKN )NP )PP )VP )VP . )S  STOP
(S (NP It )NP (VP has (NP three U.S. branches )NP )VP . )S  STOP
(S (NP *UNKC officials )NP (VP said (SBAR (S (NP the purchase )NP (VP was (VP *UNK (S (VP to (VP participate (PP in (NP (NP ventures )NP (PP in and around (NP New York City )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP said (SBAR (S (NP *UNKC )NP (VP is (ADJP particularly successful )ADJP (ADVP there )ADVP (PP because of (NP (NP its membership cooperation )NP (PP with (NP local unions )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP is (NP (NP Japan 's )NP (ADJP second largest )ADJP construction company )NP )VP . )S  STOP
(S (PP Until (ADVP now )ADVP )PP , (NP its *UNK (S (VP to (VP form (NP (NP membership ties )NP (PP with (NP organized labor )NP )PP )NP )VP )VP )S )NP (VP has (VP kept (NP it )NP (PP from (S (VP *UNKING (NP the lucrative New York metropolitan area construction market )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP The company )NP (ADVP also )ADVP (VP hopes (SBAR (S (NP the latest acquisition )NP (VP will (VP help (S (VP secure (NP (NP large construction orders )NP (PP from (NP (NP Japanese concerns )NP (PP with (NP U.S. operations )NP )PP )NP )PP )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP cited (NP (NP industry publications )NP (VP *UNKING (NP (NP *UNKC )NP , (VP (ADVP currently )ADVP *UNKED (PP at (NP (QP $ 2.2 million )QP )NP )PP )VP , )NP (PP with (S (VP receiving (NP (NP orders )NP (VP valued (PP at (NP (QP $ 225 million )QP )NP )PP )VP )NP (PP in (NP 1988 )NP )PP )VP )S )PP )VP )NP )VP . )S  STOP
(S (NP The Japanese company )NP (VP received (NP (NP orders )NP (VP totaling (NP (NP (QP *UNKN billion )QP yen )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP )VP )NP (PP from (NP its U.S. business activities )NP )PP (PP during (NP (NP the fiscal year )NP (VP ended (PP in (NP March )NP )PP )VP )NP )PP )VP . )S  STOP
(S (NP H. Marshall Schwarz )NP (VP was (VP named (S (NP (NP (NP chairman )NP and (NP chief executive officer )NP )NP (PP of (NP (NP U.S. Trust Corp. )NP , (NP (NP a *UNKING firm )NP (PP with (NP (NP assets )NP (PP under (NP management )NP )PP (PP of (NP (QP about $ 17 billion )QP )NP )PP )NP )PP )NP )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP (NP Mr. Schwarz )NP , (ADJP (NP 52 years )NP old )ADJP , )NP (VP will (VP succeed (NP Daniel P. *UNKC )NP (NP Feb. 1 )NP , (SBAR soon after (S (NP Mr. *UNKC )NP (VP reaches (NP (NP (NP the company 's )NP mandatory retirement age )NP (PP of (NP 65 )NP )PP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Mr. Schwarz )NP , (SBAR (WHNP who )WHNP (S (VP is (NP (NP president )NP (PP of (NP U.S. Trust )NP )PP )NP )VP )S )SBAR , )NP (VP will (VP be (VP succeeded (PP in (NP that post )NP )PP (PP by (NP (NP Jeffrey S. *UNKC )NP , (NP 42 )NP , (SBAR (WHNP who )WHNP (S (VP is (NP (NP executive vice president )NP (PP in (NP (NP charge )NP (PP of (NP (NP the company 's )NP *UNK- group )NP )PP )NP )PP )NP )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP U.S. Trust )NP , (NP (NP a *UNK- institution )NP (SBAR (WHNP that )WHNP (S (VP is (NP (NP one )NP (PP of (NP (NP the *UNK *UNK- worth banks )NP (PP in (NP the U.S. )NP )PP )NP )PP )NP )VP )S )SBAR )NP , )NP (VP has (VP faced (NP (NP *UNKING competition )NP (PP from (NP (NP other firms )NP (SBAR (WHNP that )WHNP (S (VP have (VP (VP established )VP , and (VP (ADVP heavily )ADVP *UNKED )VP , (NP (NP *UNKING businesses )NP (PP of (NP their own )NP )PP )NP )VP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (PP As (NP a result )NP )PP , (NP (NP U.S. Trust 's )NP earnings )NP (VP have (VP been (VP hurt )VP )VP )VP . )S  STOP
(S But (NP Mr. Schwarz )NP (VP *UNK (NP (NP the competition )NP (PP in (NP (NP U.S. Trust 's )NP flagship businesses )NP )PP )NP , (S (VP calling (S (NP it )NP `` (NP *UNK )NP )S )VP )S )VP . '' )S  STOP
(S (NP Mr. Schwarz )NP (VP says (SBAR (S (NP the competition )NP `` (VP *UNK (NP (NP the base )NP (PP of (NP opportunity )NP )PP (PP for (NP us )NP )PP )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Other firms )NP `` (VP are (VP dealing (PP with (NP the *UNK )NP )PP )VP )VP . )S  STOP
(S (S (NP I )NP (VP do n't (VP believe (SBAR (S (NP they )NP (VP have (NP (NP the culture )NP '' (SBAR (S (VP to (ADVP *UNKLY )ADVP (VP service (NP *UNK- individuals )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP )S , (NP he )NP (VP adds )VP . )S  STOP
(S (NP U.S. Trust )NP (ADVP recently )ADVP (VP introduced (NP (NP certain *UNK- products )NP , (SBAR (WHNP which )WHNP (S (VP allow (S (NP it )NP (VP to (VP serve (NP (NP customers )NP (PP with (NP (NP minimum deposits )NP (PP of (NP $ 250,000 )NP )PP )NP )PP )NP )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP Previously )ADVP , (NP the company )NP (VP *UNKED (PP at (NP the (ADJP (QP $ 2 million )QP )ADJP level )NP )PP )VP . )S  STOP
(S `` (S (S (NP We )NP (VP have (ADVP always )ADVP (VP taken (NP smaller accounts )NP )VP )VP )S , but (S (ADVP now )ADVP (NP we )NP (VP are (VP looking (PP for (NP (NP smaller accounts )NP (SBAR (WHNP that )WHNP (S (VP will (VP grow )VP )VP )S )SBAR )NP )PP )VP )VP )S )S , '' (NP Mr. Schwarz )NP (VP says )VP . )S  STOP
(S `` (S (NP Our *UNK and *UNK )NP (VP is (ADVP still )ADVP (NP the (ADJP (QP $ 2 million to $ 20 million )QP )ADJP account )NP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (S (NP The new services )NP (VP allow (S (NP U.S. Trust )NP (VP to (VP *UNK (PP to (NP the `` new wealth )NP )PP )VP )VP )S )VP )S , '' (NP Mr. Schwarz )NP (VP says )VP . )S  STOP
(S (NP (NP *UNKLY net income )NP (NP this year )NP )NP (VP has (VP risen (PP just over (NP (NP comparable periods )NP (PP in (NP (NP 1988 )NP , (SBAR (WHADVP when )WHADVP (S (NP year-end net )NP (VP was (PP below (NP the 1987 level )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP (NP this year 's )NP third quarter )NP )PP , (PP for (NP example )NP )PP , (NP net )NP (VP was (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ 1.05 )NP (NP a share )NP )NP )NP , (PP compared (PP with (NP (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ 1.02 )NP (NP a share )NP )NP , )NP (ADVP (NP a year )NP earlier )ADVP )NP )PP )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP as (PP of (NP Sept. 30 )NP )PP )PP )NP (VP fell (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP about $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S `` (S (NP We )NP (VP will (VP have (NP a (ADJP *UNKLY flat )ADJP year )NP (NP this year )NP )VP )VP )S , '' (NP Mr. Schwarz )NP (VP says )VP . )S  STOP
(S (NP Mr. Schwarz )NP (ADVP also )ADVP (VP said (SBAR (S (NP (NP costs )NP (VP associated (PP with (NP (NP (NP U.S. Trust 's )NP planned move )NP (PP to (NP *UNK Manhattan )NP )PP (PP from (NP Wall Street )NP )PP )NP )PP )VP )NP (VP will (VP continue (S (VP to (VP be (NP (NP a drag )NP (PP on (NP earnings )NP )PP )NP )VP )VP )S (PP through (NP 1990 )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Mr. Schwarz 's )NP *UNK- )NP (VP founded (NP the New York *UNK store *UNKC Schwarz )NP )VP )S , but (S (NP his family )NP (ADVP no longer )ADVP (VP has (NP (NP ties )NP (PP to (NP the company )NP )PP )NP )VP )S . )S  STOP
(S (NP (NP Mr. Schwarz 's )NP father )NP (VP was (NP a U.S. Trust *UNK )NP (PP until (NP 1974 )NP )PP )VP . )S  STOP
(S (NP U.S. Trust )NP (ADVP also )ADVP (VP created (NP (NP (NP a *UNK- office )NP (PP of (NP the chairman )NP )PP )NP , (ADJP effective (NP Feb. 1 )NP )ADJP )NP )VP . )S  STOP
(S (NP It )NP (VP will (VP include (NP Messrs. Schwarz and *UNKC )NP )VP )VP . )S  STOP
(S (NP (NP (NP Donald M. Roberts )NP , (NP 54 )NP , (NP treasurer )NP , )NP and (NP (NP Frederick S. *UNKC )NP , (NP 58 )NP , (SBAR (WHNP who )WHNP (S (VP takes (NP (NP responsibility )NP (PP for (NP the *UNK- group )NP )PP )NP )VP )S )SBAR , )NP )NP (VP (VP were (VP named (S (NP vice *UNK )NP )S )VP )VP and (VP will (VP serve (PP in (NP (NP the office )NP (PP of (NP the chairman )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (S (NP Mr. Roberts )NP (VP continues (PP as (NP treasurer )NP )PP )VP )S , and (S (NP Mr. *UNKC )NP (VP remains (ADJP responsible (PP for (NP (NP the offices )NP (PP of (NP (NP comptroller )NP , (NP planning )NP , (NP marketing )NP and (NP general services )NP )NP )PP )NP )PP )ADJP )VP )S . )S  STOP
(S (NP (NP Frederick B. Taylor )NP , (NP 48 )NP , )NP (ADVP also )ADVP (VP was (VP named (S (NP (NP a (NX (NX vice chairman )NX and (NX chief investment officer )NX )NX )NP , (NP a new post )NP )NP )S )VP )VP . )S  STOP
(S (NP He )NP (ADVP previously )ADVP (VP held (NP similar responsibilities )NP )VP . )S  STOP
(S (NP Mr. Taylor )NP (ADVP also )ADVP (VP (VP was (VP named (S (NP a director )NP )S , (S (VP increasing (NP the board )NP (PP to (NP 22 )NP )PP )VP )S )VP )VP , but (VP is not (NP (NP part )NP (PP of (NP (NP the new office )NP (PP of (NP the chairman )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP James E. *UNKC )NP , (NP 58 )NP , (NP (NP executive vice president )NP , (SBAR (WHNP who )WHNP (S (VP has (VP directed (NP the *UNK- group )NP )VP )VP )S )SBAR )NP , )NP (VP will (VP retire )VP )VP . )S  STOP
(S (NP Sun Microsystems Inc. )NP , (S (VP *UNKING (ADVP back )ADVP (PP to (NP profitability )NP )PP (PP after (NP (NP its first quarterly loss )NP (PP as (NP a public firm )NP )PP )NP )PP )VP )S , (VP said (SBAR (S (NP it )NP (VP earned (NP (NP (QP $ 5.2 million )QP )NP , or (NP (NP seven cents (NP a share )NP )NP )NP , )NP (PP in (NP the fiscal first quarter )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Sun )NP , (NP (NP a maker )NP (PP of (NP computer workstations )NP )PP )NP , )NP (VP reported (NP (NP sales )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP (PP for (NP (NP the quarter )NP (VP ended (NP Sept. 29 )NP )VP )NP )PP , (ADVP up (NP 39 % )NP (PP from (NP (QP $ *UNKN million )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )NP )VP . )S  STOP
(S (PP In (NP the 1988 period )NP )PP , (NP the company )NP (VP earned (NP (NP $ (QP *UNKN million )QP )NP , or (NP (NP 26 cents )NP (NP a share )NP )NP )NP )VP . )S  STOP
(S (NP (NP Sun 's )NP results )NP (VP were (ADJP (ADJP slightly better )ADJP (PP than (NP expectations )NP )PP )ADJP )VP . )S  STOP
(S (NP Earlier this month )NP , (NP the company )NP (VP said (SBAR (S (NP it )NP (VP expected (S (VP to (VP break (ADVP even )ADVP (PP for (NP the quarter )NP )PP (PP on (NP (NP sales )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP a statement )NP )PP , (NP (NP Scott *UNKLY )NP , (NP (NP Sun 's )NP chief executive officer )NP , )NP (VP said (SBAR (S (NP (NP the company 's )NP performance )NP (VP was (VP hampered (PP by (NP (NP problems )NP (VP tied (PP to (NP (NP the introduction )NP (PP of (NP (NP a major new family )NP (PP of (NP computers )NP )PP )NP )PP (PP in (NP April )NP )PP )NP )PP )VP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP One )NP (PP of (NP those new computers )NP )PP , (VP called (S (NP *UNKC 1 )NP )S )VP , )NP (VP accounted (PP for (NP (NP (QP nearly half )QP )NP (PP of (NP (NP the *UNKN systems )NP (SBAR (S (NP Sun )NP (VP shipped (PP in (NP the quarter )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (NP (NP (QP More than two-thirds )QP )NP (PP of (NP (NP the systems )NP (VP shipped )VP )NP )PP )NP , (ADVP meanwhile )ADVP , (VP were (NP (NP products )NP (VP introduced (PP in (NP April )NP )PP )VP )NP )VP . )S  STOP
(S But (NP (NP problems )NP (PP in (NP (NP manufacturing )NP , (S (VP forecasting (NP demand )NP )VP )S and (S (VP getting (NP the bugs )NP (PP out (PP of (NP a new management information system )NP )PP )PP )VP )S )NP )PP )NP (VP made (S (NP (NP it )NP )NP (ADJP extremely difficult )ADJP (SBAR for (S (NP Sun )NP (VP to (VP meet (NP (NP demand )NP (PP for (NP its *UNK computers )NP )PP )NP )VP )VP )S )SBAR (PP well into (NP the summer )NP )PP )S )VP . )S  STOP
(S (NP These problems )NP (ADVP also )ADVP (VP resulted (PP in (S (NP Sun )NP (VP reporting (NP a (ADJP (QP $ *UNKN million )QP )ADJP loss )NP (PP for (NP (NP its fourth quarter )NP (VP ended (NP June 30 )NP )VP )NP )PP )VP )S )PP )VP . )S  STOP
(S (S (NP Mr. *UNKLY )NP (VP said (SBAR (S (NP (NP the issues )NP (SBAR (WHNP that )WHNP (S (VP hurt (NP (NP Sun 's )NP performance )NP (NP earlier this year )NP )VP )S )SBAR )NP (VP are (ADVP now )ADVP (PP `` largely '' behind (NP the firm )NP )PP )VP )S )SBAR )VP )S , and (S (NP he )NP (VP indicated (SBAR that (S (NP (NP Sun 's )NP profitability )NP (VP should (VP increase (PP throughout (NP the fiscal year )NP )PP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP Sun )NP (ADVP also )ADVP (VP reported (NP (NP a record backlog )NP (PP of (NP orders )NP )PP )NP )VP . )S  STOP
(S (SBAR While (S (NP this )NP (VP indicates (NP (NP continued strong demand )NP (PP for (NP (NP the company 's )NP *UNK- computers )NP )PP )NP )VP )S )SBAR , (NP Sun )NP (VP faces (NP (NP increasing competition )NP (PP from (NP (NP Digital Equipment Corp. )NP and (NP Hewlett-Packard Co )NP )NP )PP )NP )VP . )S  STOP
(S (ADVP Recently )ADVP , (NP analysts )NP (VP have (VP said (SBAR (S (NP Sun )NP (ADVP also )ADVP (VP is (ADJP vulnerable (PP to (NP (NP competition )NP (PP from (NP (NP (NP International Business Machines Corp. )NP , (SBAR (WHNP which )WHNP (S (VP plans (S (VP to (VP introduce (NP (NP a group )NP (PP of (NP workstations )NP )PP )NP (NP early next year )NP )VP )VP )S )VP )S )SBAR , )NP and (NP Next Inc )NP )NP )PP )NP )PP )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP *UNKC *UNKC Jr. )NP (VP was (VP named (S (NP (NP chief executive officer )NP (PP of (NP this business information concern )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (ADJP (NP 60 years )NP old )ADJP , )NP (VP succeeds (NP (NP *UNKC White )NP , (NP 64 )NP , (SBAR (WHNP who )WHNP (S (VP will (VP remain (NP (NP chairman )NP and (NP (NP chairman )NP (PP of (NP the executive committee )NP )PP )NP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP was (NP (NP (NP president )NP and (NP chief operating officer )NP )NP (PP of (NP *UNKC )NP )PP )NP )VP )S )SBAR , )NP (VP will (VP retain (NP (NP his position )NP (PP as (NP president )NP )PP )NP )VP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP a new chief operating officer )NP (VP wo n't (VP be (VP appointed )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP A merchant bank and investment fund )NP (VP have (VP agreed (S (VP (VP to (VP *UNK- (NP a reorganization plan (S (VP to (VP bring (NP Sharon Steel Corp. )NP (PP out (PP of (NP Chapter 11 proceedings )NP )PP )PP )VP )VP )S )NP )VP )VP and (VP to (VP acquire (NP (NP the company 's )NP *UNKED assets )NP (PP in (NP (NP a transaction )NP (VP valued (PP at (NP (QP more than $ 300 million )QP )NP )PP )VP )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP (NP *UNKC *UNKC Inc. )NP , (NP a New York merchant bank )NP , )NP and (NP Quantum Fund )NP )NP (VP said (SBAR (S (NP they )NP (VP would (VP acquire (NP the assets )NP (PP for (NP (NP a combination )NP (PP of (NP (NP cash )NP and (NP (NP the assumption )NP (PP of (NP (NP certain )NP (PP of (NP (NP Sharon 's )NP liabilities )NP )PP )NP )PP )NP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The balance )NP (PP of (NP (NP the company 's )NP assets and liabilities )NP )PP )NP (VP would (VP be (VP transferred (PP to (NP (NP a new company )NP (SBAR (WHNP that )WHNP (S (VP would (VP be (VP owned (PP by (NP (NP Sharon 's )NP creditors )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S (NP Quantum )NP (VP said (SBAR (S (NP it )NP (VP has (VP agreed (S (VP to (VP purchase (NP (NP (QP as much as $ 50 million )QP )NP (PP in (NP (NP equity )NP (PP in (NP the new company )NP )PP )NP )PP )NP , (SBAR if (FRAG (ADJP necessary )ADJP )FRAG )SBAR , (PP for (NP (NP the confirmation )NP (PP of (NP the plan )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP and (NP Quantum )NP )NP (VP said (SBAR (S (NP the plan )NP (VP is (VP expected (S (VP to (VP be (VP filed (PP within (NP 60 days )NP )PP (PP with (NP (NP the U.S. Bankruptcy Court )NP (PP in (NP Pittsburgh )NP )PP )NP )PP )VP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The agreement )NP (VP is (ADJP subject (PP to (NP (NP certain conditions )NP , (PP including (S (VP obtaining (NP financing )NP )VP )S )PP )NP )PP )ADJP )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP said (SBAR (SBAR that (S (NP such financing )NP (VP is (ADVP already )ADVP (VP being (VP sought )VP )VP )VP )S )SBAR and (SBAR that (S (NP a formal proposal )NP (VP would (VP be (VP made (PP to (NP (NP (NP Sharon 's )NP Chapter 11 *UNK )NP and (NP other Sharon creditors )NP )NP )PP (PP over (NP the next few days )NP )PP )VP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP (NP Sharon )NP , (VP based (PP in (NP (NP *UNKC )NP , (NP Pa. )NP )NP )PP )VP , )NP (VP filed (PP for (NP (NP protection )NP (PP from (NP creditors )NP )PP (PP under (NP the federal Bankruptcy Code )NP )PP )NP )PP (PP in (NP April 1987 )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP had (VP been (NP (NP one )NP (PP of (NP (NP the *UNK )NP (PP of (NP (NP Miami Beach financier Victor *UNKC 's )NP empire )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP resigned (PP as (NP (NP (NP president )NP and (NP chief executive officer )NP )NP (PP of (NP Sharon )NP )PP )NP )PP (PP in (NP April 1988 )NP )PP )VP . )S  STOP
(S (NP He )NP (VP (VP remains (NP chairman )NP )VP , but (VP *UNK (NP little power )NP (PP at (NP the company )NP )PP )VP )VP . )S  STOP
(S (NP (NP Quantum Fund )NP , (VP based (PP in (NP New York )NP )PP )VP , )NP (VP is (NP (NP a (ADJP (QP $ 2.1 billion )QP )ADJP investment fund )NP (VP managed (PP by (NP *UNKC Fund Management )NP )PP )VP )NP )VP . )S  STOP
(S (NP Quantum )NP (VP is (NP (NP Sharon 's )NP largest unsecured creditor )NP )VP . )S  STOP
(S (NP The *UNKC *UNKC group )NP (VP includes (NP (NP (NP Walter *UNKC )NP , (NP (NP former chief operating officer )NP (PP of (NP Sharon )NP )PP )NP )NP , and (NP (NP *UNKC *UNKC )NP , (NP former executive vice president )NP )NP )NP )VP . )S  STOP
(S (NP (NP Executives )NP (PP at (NP Sharon )NP )PP )NP (VP declined (S (VP to (VP comment (PP on (NP the proposal )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP (NP The company 's )NP *UNK )NP , (NP *UNKC *UNKC )NP , )NP (VP was (ADJP unavailable (PP for (NP comment )NP )PP )ADJP )VP . )S  STOP
(S (NP (NP Two old friends )NP , (NP (NP George Bush )NP and (NP *UNKC *UNKING )NP )NP , )NP (VP are (VP trying (S (VP to (VP limit (NP (NP further damage )NP (PP to (NP *UNKC ties )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S But (SBAR as (S (NP Congress )NP (VP prepares (NP (NP a fresh package )NP (PP of (NP (NP sanctions )NP (PP against (NP Beijing )NP )PP )NP )PP )NP )VP )S )SBAR , (NP the *UNK- relationship )NP (VP could (VP get (ADJP worse )ADJP )VP )VP . )S  STOP
(S (NP (NP The problem )NP (PP for (NP Congress )NP )PP )NP (VP will (VP be (S (VP to (VP *UNK (SBAR (WHNP what )WHNP (S (NP China )NP (VP is (VP saying (PP to (NP its people )NP )PP )VP )VP )S )SBAR (PP against (NP (NP the (ADJP more *UNK )ADJP message )NP (SBAR (S (NP it )NP (VP is (VP *UNKING (PP to (NP the Bush administration )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (PP In (NP (NP a move )NP (VP (ADVP apparently )ADVP aimed (PP at (S (VP heading (PRT off )PRT (NP new punitive legislation )NP )VP )S )PP )VP )NP )PP , (NP Mr. *UNKC )NP (VP sent (NP an *UNK signal )NP (PP to (NP Washington )NP )PP (PP via (NP (NP *UNKC Lee )NP , (NP (NP a Columbia University *UNK )NP (SBAR (WHNP who )WHNP (S (VP met (NP (NP Mr. *UNKC )NP and (NP other Chinese leaders )NP )NP (PP in (NP Beijing )NP )PP (NP last month )NP )VP )S )SBAR )NP )NP )PP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP he )NP (VP met (PP with (NP Mr. Bush )NP )PP (PP on (NP his return )NP )PP )VP )S )SBAR (PRN , (S (NP Mr. Lee )NP (VP says )VP )S , )PRN (NP he )NP (VP told (NP the president )NP (SBAR that (S (NP the Chinese )NP `` (VP made (NP (NP statements )NP )NP (PP to (NP me )NP )PP (SBAR (WHNP that )WHNP (S (NP I )NP (VP regard (PP as (NP (NP a first step )NP (PP toward (NP *UNK )NP )PP )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP The *UNK )NP (SBAR (S (NP Mr. Lee )NP (VP brought )VP )S )SBAR )NP (VP represents (NP (NP the softer line )NP (SBAR (S (NP the U.S. )NP (VP has (VP been (VP hoping (S (VP to (VP hear (PP from (NP Chinese officials )NP )PP )VP )VP )S (PP since (NP (NP the June 4 massacre )NP (PP of (NP *UNK- demonstrators )NP )PP (PP in (NP Beijing )NP )PP )NP )PP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The Chinese leader )NP (PRN , (S (NP Mr. Lee )NP (VP informed (NP Mr. Bush )NP )VP )S , )PRN (VP (VP expressed (NP (NP some *UNK )NP (PP for (SBAR (WHNP what )WHNP (S (VP had (VP happened (PP in (NP Beijing )NP )PP )VP )VP )S )SBAR )PP )NP )VP and (VP conceded (SBAR that (S (NP (NP China 's )NP officials )NP (VP *UNK (NP some responsibility )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Mr. Lee )NP (VP says (SBAR (S (NP Mr. *UNKC )NP (VP told (NP him )NP : `` (S (NP We )NP (VP should not (VP mind (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP (VP participated (PP in (NP demonstrations )NP )PP )VP , (VP signed (NP *UNK- materials )NP )VP and (VP went (PP on (NP *UNK strikes )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )VP . '' )S  STOP
(S (NP Mr. Deng )NP (VP added (PRN , (SINV (VP says )VP (NP Mr. Lee )NP )SINV , )PRN (SBAR that `` (S (NP we )NP (ADVP really )ADVP (VP made (NP mistakes )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP We )NP (VP must not (VP *UNK (NP our responsibility )NP )VP )VP )S and (S (NP we )NP (VP can not (ADVP just )ADVP (VP blame (NP the demonstrators )NP )VP )VP )S . '' )S  STOP
(S (NP Mr. Lee )NP (ADVP also )ADVP (VP reported (PP to (NP the president )NP )PP (SBAR that , (S (PP in (NP a separate meeting )NP )PP , (NP Communist Party chief *UNKC *UNKC )NP (VP said (SBAR (S (NP the Chinese leadership )NP `` (VP looked (ADVP *UNKLY )ADVP (PP on (NP (NP the students )NP (SBAR (WHNP who )WHNP (S (VP took (NP part )NP (PP in (NP the demonstrations )NP )PP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (ADVP also )ADVP (VP pledged (SBAR that (S (NP the Chinese Red Cross )NP (VP would (VP publish `` (ADVP very soon )ADVP '' (NP (NP a list )NP (PP of (NP (NP those )NP (VP killed )VP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S And (NP he )NP (VP told (NP the *UNK )NP (SBAR that (S (NP (NP China 's )NP leaders )NP (VP (VP were (ADJP `` (ADVP very much )ADVP concerned '' (PP about (NP the deaths )NP )PP )ADJP )VP and (VP had (VP arranged (NP (NP aid )NP (PP for (NP (NP the victims ' )NP families )NP )PP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP I )NP (VP *UNKED (NP my conversations )NP (PP to (NP the White House )NP )PP )VP )S , '' (NP *UNKC Lee )NP (VP says )VP . )S  STOP
(S But , (NP he )NP (VP adds , `` (S (NP I )NP (VP was not (VP acting (PP as (NP a *UNK )NP )PP )VP )VP )S )VP . '' )S  STOP
(S (NP He )NP (VP says (SBAR (SBAR that (S (NP the Chinese )NP (ADVP never )ADVP (VP asked (NP him )NP (S (VP to (VP *UNK (NP their statements )NP (PP to (NP President Bush )NP )PP )VP )VP )S )VP )S )SBAR , but (SBAR that (S (NP the White House )NP (VP (ADVP *UNKLY )ADVP invited (NP him )NP (S (VP to (VP do (ADVP so )ADVP )VP )VP )S )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP Mr. Lee )NP (VP (VP concedes (SBAR (S (NP (NP the statements )NP (VP made (PP to (NP him )NP )PP )VP )NP (VP are (ADJP far different (PP from (NP (NP others )NP (VP being (VP issued (PP in (NP China )NP )PP )VP )VP )NP )PP )ADJP )VP )S )SBAR )VP , but (VP *UNK (NP that )NP (PP to (NP the fact (SBAR that (S (NP (NP the situation )NP (PP in (NP China )NP )PP )NP (VP is `` (ADJP very complex )ADJP )VP )S )SBAR )NP )PP )VP )VP . '' )S  STOP
(S (PP According (PP to (NP (NP U.S. sources )NP (PP in (NP Beijing )NP )PP )NP )PP )PP , (NP the administration )NP (VP hopes (SBAR (S (NP (NP Mr. Deng 's )NP fairly *UNK comments )NP (VP will (VP *UNK (S (NP Congress )NP (VP to (VP be (ADJP cautious (PP about (NP (NP further sanctions )NP (PP against (NP Beijing )NP )PP )NP )PP )ADJP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP The president )NP (VP does n't (VP want (S (VP to (VP have (NP legislative sanctions )NP )VP )VP )S )VP )VP )S , '' (VP says )VP (NP a U.S. official )NP . )SINV  STOP
(S `` But (NP he )NP (VP may not (VP have (NP a choice )NP )VP )VP . '' )S  STOP
(S (S (VP Given (NP (NP (NP China 's )NP *UNK- statements )NP (PP to (NP its own people )NP )PP )NP )VP )S , (NP Mr. Bush )NP (VP may (VP be (ADJP unable (S (VP to (VP prevent (NP new sanctions )NP )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (NP Beijing officials )NP (VP have (VP said (SBAR (S (NP they )NP (VP will (VP step (PRT up )PRT (NP (NP the campaign )NP (PP of (NP *UNK and *UNK )NP )PP (PP against (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP participated (PP in (NP the demonstrations )NP )PP )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP have (VP been (ADJP stiff )ADJP )VP )VP . )S  STOP
(S (NP A university student )NP (VP got (NP eight years )NP (PP for (S (VP participating (PP in (NP the rallies )NP )PP )VP )S )PP (PRN , (S (NP (NP sources )NP (PP in (NP Beijing )NP )PP )NP (VP said )VP )S , )PRN (SBAR while (S (NP an *UNK- worker )NP (VP got (NP 10 years )NP )VP )S )SBAR )VP . )S  STOP
(SINV Nor has (NP Beijing )NP (VP hinted (PP to (NP its citizens )NP )PP (SBAR that (S (NP it )NP (VP will (VP publish (NP (NP the *UNK )NP (PP of (NP (NP those )NP (VP killed )VP )NP )PP )NP )VP )VP )S )SBAR )VP . )SINV  STOP
(S (ADVP So far )ADVP , (S (NP the victims )NP (VP are (VP (ADVP officially )ADVP considered (S (NP *UNK- )NP )S )VP )VP )S , and (S (NP their families )NP (VP receive (NP no compensation )NP )VP )S . )S  STOP
(S (S (NP (NP A man )NP (VP *UNKED (PRT down )PRT (PP by (NP a *UNK *UNK )NP )PP (SBAR while (S (VP *UNKING (PP to (NP work )NP )PP )VP )S )SBAR )VP )NP (VP carries , (PP after (NP his death )NP )PP , (NP (NP the official *UNK )NP (PP of `` (NP *UNK )NP )PP )NP )VP )S , '' (NP his wife )NP (VP says )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (VP 's (ADJP more )ADJP )VP )S )SBAR , (NP (NP much )NP (PP of (NP (NP China 's )NP official *UNK )NP )PP )NP (VP is (ADJP hostile (PP to (NP the U.S. )NP )PP )ADJP )VP . )S  STOP
(S (NP China )NP (ADVP frequently )ADVP (VP *UNK (NP the U.S. *UNKC )NP (PP for (S (VP *UNKING (NP (NP *UNK *UNKC *UNKC )NP , (NP (NP a political dissident )NP (SBAR (WHNP who )WHNP (S (VP took (NP *UNK )NP (ADVP there )ADVP (PP after (NP the massacre )NP )PP )VP )S )SBAR )NP )NP )VP )S )PP )VP . )S  STOP
(S `` (S (PP In (NP the U.S. )NP )PP , (NP there )NP (VP are (ADVP still )ADVP (NP (NP people )NP (SBAR (WHNP who )WHNP (S (VP want (S (VP to (VP (VP crush (NP China )NP )VP and (VP interfere (PP in (NP our internal affairs )NP )PP )VP )VP )VP )S )VP )S )SBAR )NP )VP )S , '' (NP (NP *UNKC *UNKC )NP , (NP (NP (NP China 's )NP new *UNK )NP (PP to (NP the U.S. )NP )PP )NP , )NP (VP said (SBAR as (S (NP he )NP (VP left (PP for (NP Washington )NP )PP (NP last week )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The House and Senate )NP (VP are (S (VP to (VP begin (ADVP soon )ADVP (S (VP *UNKING (PRT out )PRT (NP (NP an agreement )NP (PP for (NP sanctions legislation )NP )PP )NP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP It )NP (VP will (ADVP probably )ADVP (VP be (VP attached (PP to (NP (NP a State Department authorization bill )NP , (SBAR (WHNP which )WHNP (S (NP Mr. Bush )NP (VP is n't (VP expected (S (VP to (VP veto )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP A congressional *UNK )NP (VP involved (PP in (S (VP *UNKING (NP the sanctions )NP )VP )S )PP )VP )NP (VP says (SBAR (S (NP they )NP (VP are (ADJP likely (S (VP to (VP *UNK (NP (NP those )NP (SBAR (S (NP Mr. Bush )NP (VP enacted (PP shortly after (NP the massacre )NP )PP )VP )S )SBAR )NP )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S But (PP as (NP legislative action )NP )PP , (NP they )NP (VP (VP would (VP carry (NP greater weight )NP )VP )VP and (VP would (VP be (ADJP more difficult (SBAR (S (VP to (VP *UNK )VP )VP )S )SBAR )ADJP )VP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP (ADVP already )ADVP in (NP effect )NP )PP (SBAR (WHNP that )WHNP (S (VP are (VP expected (S (VP to (VP be (VP made (S (NP law )NP )S )VP )VP )VP )S )VP )VP )S )SBAR )NP (VP include (NP (NP (NP a ban )NP (PP on (NP military sales and exchanges )NP )PP )NP , (NP (NP a suspension )NP (PP of (NP most *UNK- government *UNK )NP )PP )NP and (NP (NP a halt )NP (PP to (NP (NP U.S. trade *UNK programs )NP , (PP such as (NP (NP the *UNKC Private Investment Corp. )NP and (NP the Trade Development Program )NP )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (S (VP *UNKING (NP those sanctions )NP )VP )S (VP could (VP prompt (NP Chinese *UNK )NP )VP )VP . )S  STOP
(SINV `` (S (SBAR If (S (NP the two sides )NP (VP are n't (ADJP careful )ADJP )VP )S )SBAR , (NP *UNKC ties )NP (VP could (VP spin (ADVP downward )ADVP , (PP out (PP of (NP control )NP )PP )PP )VP )VP )S , '' (VP says )VP (NP (NP a U.S. official )NP (PP in (NP Beijing )NP )PP )NP . )SINV  STOP
(S `` (NP Bush and Deng )NP (VP are (VP hoping (SBAR -LCB- that -RCB- (S (NP *UNK heads )NP (VP *UNK )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP The amount )NP (PP of (NP (NP blood )NP (SBAR (S (NP *UNK patients )NP (VP can (VP *UNK and store (PP before (NP surgery )NP )PP )VP )VP )S )SBAR )NP )PP )NP (VP can (VP be (VP increased (PP by (NP (NP the new (ADJP *UNKLY engineered )ADJP drug )NP , (NP *UNKC )NP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP , or (NP *UNK )NP , )NP (VP is (NP (NP a *UNK )NP (SBAR (S (NP the human body )NP (VP makes (S (VP to (VP *UNK (NP (NP the growth )NP (PP of (NP red blood cells )NP )PP )NP )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP A (ADJP *UNKLY engineered )ADJP version )NP (PP of (NP the human *UNK )NP )PP (VP developed (PP by (NP (NP *UNKC Corp. )NP (PP of (NP (NP *UNKC *UNKC )NP , (NP Calif. )NP , )NP )PP )NP )PP )VP )NP (ADVP recently )ADVP (VP has (VP been (VP *UNKED (PP by (NP (NP the *UNKC Pharmaceuticals division )NP (PP of (NP Johnson & Johnson )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP A competing version )NP (PP of (NP *UNKC )NP )PP )NP (VP is (VP being (VP developed (PP by (NP (NP *UNKC Institute Inc. )NP (PP in (NP (NP Cambridge )NP , (NP Mass )NP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP The drug )NP (VP is (VP being (VP used (ADVP primarily )ADVP (S (VP to (VP treat (NP *UNK )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP (NP A new experiment )NP , (VP reported (PP in (NP (NP (NP this week 's )NP New England Journal )NP (PP of (NP *UNKC )NP )PP )NP )PP )VP , )NP (VP involved (S (VP giving (NP (NP *UNK )NP (PP of (NP (NP *UNKC 's )NP *UNKC )NP )PP )NP (PP to (NP (NP 23 patients )NP (SBAR (WHNP who )WHNP (S (VP wanted (S (VP to (VP store (NP (NP units )NP (PP of (NP their own blood )NP )PP )NP )VP )VP )S )VP )S )SBAR )NP )PP )VP )S )VP . )S  STOP
(S (NP The patients )NP (VP began (S (VP receiving (NP EPO *UNK )NP (PP (NP (QP about a )QP month )NP before (NP their scheduled surgery )NP )PP )VP )S )VP . )S  STOP
(S (NP They )NP (ADVP then )ADVP (VP began (S (VP *UNKING (NP blood )NP (NP twice a week )NP , (S (VP receiving (NP an EPO *UNK )NP (NP each time )NP )VP )S )VP )S )VP . )S  STOP
(S (SBAR If (S (NP tests )NP (VP indicated (NP (NP a low number )NP (PP of (NP red cells )NP )PP )NP )VP )S )SBAR , (NP blood )NP (VP was n't (VP taken )VP )VP . )S  STOP
(S (NP The *UNKED patients )NP (VP donated (NP (NP an average )NP (PP of (NP (NP 5.4 units )NP (PP of (NP blood )NP )PP )NP )PP (NP each )NP )NP (PP compared (PP with (NP (NP (QP only *UNKN )QP units )NP (VP donated (PP by (NP (NP a similar group )NP (PP of (NP (NP *UNK patients )NP (SBAR (WHNP who )WHNP (S (VP received (NP a *UNK injection )NP )VP )S )SBAR )NP )PP )NP )PP )VP )NP )PP )PP )VP . )S  STOP
(S (S (NP (NP The volume )NP (PP of (NP (NP red cells )NP (VP donated (PP by (NP the *UNKED patients )NP )PP )VP )NP )PP )NP (VP was (ADVP (NP 41 % )NP higher )ADVP (PP per (NP *UNK )NP )PP )VP )S , (NP (NP the research team )NP (VP representing (NP (NP a number )NP (PP of (NP (NP hospitals )NP and (NP blood banks )NP )NP )PP )NP )VP )NP (VP reported )VP . )S  STOP
(S -LRB- (PP During (NP its centennial year )NP )PP , (NP The Wall Street Journal )NP (VP will (VP report (NP (NP events )NP (PP of (NP (NP the past century )NP (SBAR (WHNP that )WHNP (S (VP stand (PP as (NP (NP milestones )NP (PP of (NP American business history )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )VP )VP . -RRB- )S  STOP
(S (NP (NP *UNKC *UNKC )NP (VP *UNKC (S (NP (NP Individual *UNKC *UNKC )NP , or `` (NP *UNKC )NP , '' )NP )S )VP )NP (VP (VP were (VP created (PP without (NP *UNK )NP )PP (PP on (NP Sept. 2 , 1974 )NP )PP )VP )VP , but (VP grew (PP beyond (NP expectations )NP )PP (PP as (NP (NP an *UNK )NP (PP to (NP personal saving )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP That Labor Day )NP , (PP in (NP (NP his first major act )NP (PP after (S (VP succeeding (NP the resigned Richard Nixon )NP (PP as (NP president )NP )PP )VP )S )PP )NP )PP , (NP Gerald R. Ford )NP (VP signed (NP the *UNKC *UNKC Income Security Act )NP )VP . )S  STOP
(S (NP *UNKC reform )NP (VP was (NP its main *UNK )NP )VP . )S  STOP
(S (NP Labor and business leaders )NP , (S (VP quoted (PP at (NP the White House Rose *UNKC *UNK )NP )PP )VP )S , (VP *UNKED (NP (NP its provisions )NP (PP for (S (VP *UNKING (NP corporate pension benefits )NP )VP )S )PP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP were (PP like (NP *UNK )NP )PP (ADVP there )ADVP )VP . )S  STOP
(S (NP (NP The IRA 's )NP *UNK )NP (VP is (ADJP *UNK )ADJP )VP . )S  STOP
(S (PP In (NP 1972 )NP )PP , (NP (NP then Treasury Secretary George *UNKC )NP , (PP with (NP (NP the key support )NP (PP of (NP Sen. Carl *UNKC )NP )PP )NP )PP , )NP (VP sought (NP (NP some form )NP (PP of (NP *UNK )NP )PP (PP for (NP the uncovered )NP )PP )NP )VP . )S  STOP
(S (NP That year )NP (NP (NP a *UNK- group )NP (VP headed (PP by (NP (NP William *UNKC )NP (PP in (NP (NP the *UNKC and *UNKC division )NP (PP of (NP (NP the Office )NP (PP of (NP the Chief *UNKC )NP )PP (PP for (NP the Internal Revenue Service )NP )PP )NP )PP )NP )PP )NP )PP )VP , )NP (VP was (VP assigned (NP (NP the task )NP (PP of (S (VP *UNKING (NP a plan )NP )VP )S )PP )NP )VP )VP . )S  STOP
(S (NP They )NP (VP used (NP (NP the *UNKN *UNKC Plan )NP , (NP (NP a pension plan )NP (VP created (PP by (NP a New York congressman )NP )PP (PP for (NP the *UNKED )NP )PP )VP )NP , )NP (PP as (NP a partial model )NP )PP )VP . )S  STOP
(S (NP This team )NP (ADVP initially )ADVP (VP called (S (NP its new model )NP (NP (NP Personal Retirement *UNKC )NP , or `` (NP *UNKC )NP )NP )S )VP . '' )S  STOP
(S But (NP it )NP (VP did n't (VP *UNKING )VP )VP . )S  STOP
(S So (NP they )NP (VP *UNKED (PP for (NP IRA )NP )PP , (S (VP *UNKING (NP it )NP (PP after (NP (NP *UNKC Cohen )NP , (NP (NP a *UNK IRS *UNK )NP (SBAR (WHNP who )WHNP (S (VP helped (NP them )NP )VP )S )SBAR )NP )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP himself )NP , )NP (VP *UNK (NP this account )NP )VP . )S  STOP
(S (NP IRA rules )NP (VP have (VP been (VP changed (PP over (NP the years )NP )PP )VP )VP )VP . )S  STOP
(S (NP One )NP (PP in (NP 1981 )NP )PP (VP (VP raised (PP to (NP (NP $ 2,000 )NP (NP a year )NP )NP )PP (PP from (NP $ 1,500 )NP )PP (NP (NP the amount )NP (SBAR (S (NP a person )NP (VP could (VP put , (ADVP *UNK- )ADVP , (PP into (NP the *UNKED accounts )NP )PP )VP )VP )S )SBAR )NP )VP and (VP widened (NP coverage )NP (PP to (NP (NP people )NP (PP under (NP employer retirement plans )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP This )NP (VP caused (NP (NP an explosion )NP (PP of (NP IRA promotions )NP )PP (PP by (NP (NP brokers )NP , (NP banks )NP , (NP mutual funds )NP and (NP others )NP )NP )PP )NP )VP . )S  STOP
(S But (S (PP in (NP 1986 )NP )PP (NP Congress )NP (VP (ADVP sharply )ADVP reduced (NP (NP the number )NP (PP of (NP (NP people )NP (SBAR (WHNP who )WHNP (S (VP could (VP qualify (PP for (NP its benefits )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP )S and (S (NP IRA *UNK- )NP (VP slowed (NP their *UNKING growth )NP )VP )S . )S  STOP
(S (NP IRA account assets )NP (VP have (VP grown (PP to (NP (QP about $ 400 billion )QP )NP )PP (PP from (NP (NP (NP (QP $ *UNKN billion )QP )NP (NP last year )NP )NP and (NP (NP (QP just $ 26 billion )QP )NP (PP in (NP 1981 )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP The Soviet State Bank )NP (VP announced (NP (NP a (ADJP 90 % )ADJP *UNK )NP (PP of (NP the ruble )NP )PP (PP against (NP the dollar )NP )PP (PP for (NP private transactions )NP )PP )NP , (PP in (NP an apparent attempt (S (VP to (VP curb (NP (NP (NP the nation 's )NP (ADJP rapidly growing )ADJP black market )NP (PP for (NP hard currency )NP )PP )NP )VP )VP )S )NP )PP )VP . )S  STOP
(S (NP (NP The measure )NP , (SBAR (WHNP which )WHNP (S (VP will (VP take (NP effect )NP (NP next Wednesday )NP )VP )VP )S )SBAR , )NP (VP will (VP create (NP a *UNK- exchange rate )NP )VP )VP . )S  STOP
(S (NP Commercial transactions )NP (VP will (VP continue (S (VP to (VP be (VP based (PP on (NP (NP the official rate )NP (PP of (NP (NP (QP about *UNKN )QP rubles )NP (PP to (NP the dollar )NP )PP )NP )PP )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S But (PP for (NP (NP Soviet citizens )NP (SBAR (WHNP who )WHNP (S (VP travel (ADVP abroad )ADVP (PP for (NP business or tourism )NP )PP )VP )S )SBAR )NP )PP , (NP the rate )NP (VP will (VP jump (PP to (NP (NP *UNKN rubles )NP (PP to (NP the dollar )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC news agency )NP (VP said (SBAR (S (NP the *UNK )NP (ADVP also )ADVP (VP will (VP apply (PP to (NP (NP foreigners ' )NP transactions )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S But (S (NP it )NP (VP did n't (VP elaborate )VP )VP )S , and (S (NP (NP it )NP )NP (VP remains (ADJP unclear )ADJP (SBAR (WHADVP how far )WHADVP (S (NP (NP Western tourists )NP and (NP (NP foreigners )NP (VP living (PP in (NP Moscow )NP )PP )VP )NP )NP (VP will (VP be (VP allowed (S (VP to (VP benefit (PP from (NP the sweeping rate cut )NP )PP )VP )VP )S )VP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP The current ruble rate )NP (VP has (ADVP long )ADVP (VP been (PP out (PP of (NP (NP line )NP (PP with (NP the black market )NP )PP )NP )PP )PP )VP )VP . )S  STOP
(S (SBAR As (S (NP Soviet leader Mikhail Gorbachev )NP (VP has (VP opened (PRT up )PRT (NP the country )NP (PP to (NP foreign trade )NP )PP )VP )VP )S )SBAR , (NP the *UNK )NP (VP has (VP become (ADJP ever greater )ADJP )VP )VP . )S  STOP
(S (NP (NP Western tourists )NP (PP in (NP the Soviet Union )NP )PP (SBAR (WHNP who )WHNP (S (VP could (VP exchange (NP a dollar )NP -- (ADVP *UNK illegally )ADVP -- (PP for (NP about four rubles )NP )PP (ADVP (NP a year )NP ago )ADVP )VP )VP )S )SBAR )NP (VP are (ADVP now )ADVP (VP being (VP offered (NP 15 rubles (QP or more )QP )NP )VP )VP )VP . )S  STOP
(S (PP Even at (NP such rates )NP )PP , (NP black *UNK )NP (VP have (VP been (ADJP able (S (VP to (VP make (NP big profits )NP )VP )VP )S )ADJP (PP because of (NP (NP the *UNK shortage )NP (PP of (NP consumer goods )NP )PP (ADVP here )ADVP )NP )PP )VP )VP . )S  STOP
(S (NP They )NP (VP (VP use (NP dollars )NP (S (VP to (VP buy (NP (NP Western items )NP (PP such as (NP (NP video recorders )NP and (NP personal computers )NP )NP )PP )NP )VP )VP )S )VP and (ADVP then )ADVP (VP sell (NP them )NP (PP at (NP a huge *UNK- )NP )PP )VP )VP . )S  STOP
(S (NP (NP The going rate )NP (PP for (NP (NP a small personal computer )NP (SBAR (WHNP that )WHNP (S (VP costs (NP (QP about $ 2,000 )QP )NP (PP in (NP the West )NP )PP )VP )S )SBAR )NP )PP )NP (VP is (NP (QP anywhere from 50,000 to 100,000 )QP rubles )NP )VP . )S  STOP
(S (NP (NP Even a pack )NP (PP of (NP 20 Western cigarettes )NP )PP )NP (VP can (VP *UNK (NP 20 rubles (QP or more )QP )NP )VP )VP . )S  STOP
(S (PP With (NP (NP (NP (QP more than 300 billion )QP rubles )NP (PP in (NP savings accounts )NP )PP )NP and (NP (NP little )NP (SBAR (S (VP to (VP spend (NP them )NP (PP on )PP )VP )VP )S )SBAR )NP )NP )PP , (S (NP Soviet consumers )NP (VP *UNK (PP at (NP (NP the *UNK *UNK- prices )NP (PP for (NP such goods )NP )PP )NP )PP )VP )S -- but (S (NP they )NP (VP buy (NP them )NP (ADVP anyway )ADVP )VP )S . )S  STOP
(S (NP Moscow )NP (VP has (ADVP already )ADVP (VP (ADVP *UNKLY )ADVP admitted (SBAR that (S (NP the ruble )NP (VP is n't (ADJP worth much )ADJP )VP )S )SBAR , (S (VP announcing (PP in (NP August )NP )PP (SBAR that (S (NP it )NP (VP will (VP pay (NP Soviet farmers )NP (PP in (NP hard currency )NP )PP (PP for (NP (NP (NP grain )NP and (NP other produce )NP )NP (SBAR (WHNP that )WHNP (S (NP they )NP (VP grow (PP in (NP (NP excess )NP (PP of (NP *UNK- quotas )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(S `` (S (NP (NP The *UNK )NP (PP of (NP the official rate )NP )PP )NP (VP should (VP seem (ADJP obvious )ADJP (PP to (NP everyone )NP )PP )VP )VP )S , '' (NP the afternoon newspaper *UNKC )NP (VP wrote (PP in (NP (NP a brief *UNK )NP (PP on (NP the devaluation )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The State Bank 's )NP move )NP (VP is (NP (NP part )NP (PP of (NP a drive (S (VP to (VP iron (PRT out )PRT (NP exchange-rate *UNK )NP (SBAR as (S (NP Moscow )NP (VP moves (PP toward (NP (S (VP making (S (NP the ruble )NP (ADJP convertible )ADJP )S )VP )S -- (NP (NP a goal )NP (SBAR (WHNP that )WHNP (S (NP Soviet bankers and economists )NP (VP say (SBAR (S (VP is (ADVP still )ADVP (ADVP far away )ADVP )VP )S )SBAR )VP )S )SBAR )NP )NP )PP )VP )S )SBAR )VP )VP )S )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP of (NP an impending devaluation )NP )PP )NP (VP have (VP been (VP *UNKING (PP in (NP Moscow )NP )PP (PP for (NP weeks )NP )PP )VP )VP )VP )S , but (S (NP (NP the size )NP (PP of (NP the cut )NP )PP )NP (VP took (NP many Western bankers )NP (PP by (NP surprise )NP )PP )VP )S . )S  STOP
(SINV `` (S (NP It )NP (VP 's (ADJP (ADJP much bigger )ADJP (SBAR than (S (NP we )NP (VP expected )VP )S )SBAR )ADJP )VP )S , '' (VP said )VP (NP (NP one German banker )NP , (SBAR (WHNP who )WHNP (S (VP asked (S not (VP to (VP be (VP named )VP )VP )VP )S )VP )S )SBAR )NP . )SINV  STOP
(S (NP (NP The next step )NP , (SBAR (WHNP which )WHNP (S (VP could (VP have (NP (NP a larger effect )NP (PP on (NP businesses )NP )PP )NP )VP )VP )S )SBAR , )NP (VP will (VP come (NP early next month )NP , (SBAR (WHADVP when )WHADVP (S (NP (NP the Bank )NP (PP for (NP Foreign Economic Affairs )NP )PP )NP (VP is (S (VP to (VP hold (NP (NP its first auction )NP (PP of (NP foreign currency )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Soviet companies )NP (VP *UNKING (NP Western currencies )NP (S (VP to (VP buy (NP equipment and supplies )NP (ADVP abroad )ADVP )VP )VP )S )VP )NP (VP will (VP be (ADJP able (S (VP to (VP submit (NP bids )NP )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP for (NP (NP the auction )NP , (SBAR (WHNP which )WHNP (S (VP was (VP supposed (S (VP to (VP (VP take (NP place )NP (NP last spring )NP )VP and (VP become (NP a regular event )NP )VP )VP )VP )S )VP )VP )S )SBAR , )NP )PP )NP (VP have (VP been (VP *UNKED (PP by (NP (NP a lack )NP (PP of (NP hard currency )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (S (NP (NP Soviet firms )NP (SBAR (WHNP that )WHNP (S (VP hold (NP some )NP )VP )S )SBAR )NP (VP are (ADJP *UNKING (S (VP to (VP part (PP with (NP it )NP )PP )VP )VP )S )ADJP )VP )S , and (S (NP joint ventures )NP (VP are n't (ADVP yet )ADVP (VP allowed (S (VP to (VP participate )VP )VP )S )VP )VP )S . )S  STOP
(S (NP The *UNKC )NP (ADVP also )ADVP (VP has (VP been (ADJP *UNKING (S (VP to (VP provide (NP hard currency )NP (PP for (NP the auction )NP )PP )VP )VP )S )ADJP , (S (VP using (NP (NP a lot )NP (PP of (NP it )NP )PP )NP (ADVP instead )ADVP (S (VP to (VP finance (NP (NP emergency imports )NP (PP of (NP consumer goods )NP )PP )NP )VP )VP )S )VP )S )VP )VP . )S  STOP
(S (SBAR If (S (NP foreign tourists and businesses )NP (VP could (VP sell (NP their currencies )NP (ADVP freely )ADVP (PP at (NP the new , better exchange rate )NP )PP )VP )VP )S )SBAR , (NP that )NP (VP (VP would (VP enable (S (NP the State Bank )NP (VP to (VP increase (NP its dollar reserves )NP )VP )VP )S )VP )VP and (VP would (VP *UNK (PRT up )PRT (NP (NP some )NP (PP of (NP (NP the excess rubles )NP (PP in (NP the economy )NP )PP )NP )PP )NP (PP at (NP the same time )NP )PP )VP )VP )VP . )S  STOP
(S (S But (NP (NP the amounts )NP (SBAR (S (NP they )NP (VP exchange )VP )S )SBAR )NP (VP may (VP be (VP limited )VP )VP )VP )S ; (S (NP most Soviet hotels )NP , (PP for (NP example )NP )PP , (VP demand (NP (NP payment )NP (PP in (NP hard currency )NP )PP )NP (PP from (NP Western visitors )NP )PP )VP )S . )S  STOP
(S (SBAR Unless (S (NP other rules )NP (VP are (VP changed )VP )VP )S )SBAR , (NP the devaluation )NP (VP could (VP cause (NP difficulties )NP (PP for (NP (NP (NP the people )NP (SBAR (S (NP it )NP (VP is (ADVP primarily )ADVP (VP meant (S (VP to (VP help )VP )VP )S )VP )VP )S )SBAR )NP : (NP (NP Soviets )NP (SBAR (WHNP who )WHNP (S (VP travel (ADVP abroad )ADVP )VP )S )SBAR )NP )NP )PP )VP )VP . )S  STOP
(S (PP Over (NP the past three years )NP )PP , (NP (NP thousands )NP (PP of (NP people )NP )PP (ADVP here )ADVP )NP (VP have (VP made (NP use )NP (PP of (NP *UNK travel restrictions )NP )PP (S (VP to (VP get (NP (NP their first taste )NP (PP of (NP (NP life )NP (ADVP abroad )ADVP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S But (PP under (NP current rules )NP )PP , (NP they )NP (VP are (VP allowed (S (VP to (VP change (NP (QP just 200 )QP rubles )NP (PP into (NP (NP dollars )NP and (NP other currencies )NP )NP )PP (PP for (NP each trip )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (PP At (NP the new rate )NP )PP , (NP that )NP (VP would (VP give (NP them )NP (NP (NP (QP about $ 30 )QP )NP (SBAR (S (VP to (VP travel (PP on )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP is n't (ADVP yet )ADVP (ADJP clear )ADJP (SBAR whether (S (NP the *UNK- limit )NP (VP will (VP be (VP lifted )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR If (S (NP it )NP (VP is n't )VP )S )SBAR , (NP (NP the black market )NP (PP for (NP dollars )NP )PP )NP (ADVP probably )ADVP (VP will (VP continue (S (VP to (VP *UNK )VP )VP )S )VP )VP . )S  STOP
(S (NP International Business Machines Corp. )NP (VP made (NP news )NP (NP this summer )NP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP *UNKED (NP an unusual contract (S (VP to (VP manage (NP (NP all )NP (PP of (NP (NP Eastman Kodak Co. 's )NP *UNKING needs )NP )PP )NP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S But (NP the computer giant )NP (VP appears (S (VP to (VP have (VP lost (NP (NP a second key contract )NP (PP with (NP Kodak )NP )PP )NP (PP to (NP *UNK Digital Equipment Corp )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP Kodak )NP (NP yesterday )NP (VP confirmed (SBAR that (S (NP it )NP (VP has (VP entered (NP negotiations )NP (PP with (NP (ADJP Maynard , *UNKED )ADJP Digital )NP )PP (S (VP to (VP manage (NP (NP all )NP (PP of (NP its voice and data communications needs )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Kodak )NP , (VP based (PP in (NP (NP Rochester )NP , (NP N.Y. )NP )NP )PP )VP , )NP (VP said (SBAR (S (NP IBM )NP (ADVP also )ADVP (VP had (VP bid (PP for (NP the business )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP IBM )NP (VP is (VP based (PP in (NP (NP *UNKC )NP , (NP N.Y . )NP )NP )PP )VP )VP )S  STOP
(S (NP The loss )NP (VP is (NP (NP a setback )NP (PP to (NP (NP IBM )NP , (SBAR (WHNP which )WHNP (S (VP pointed (PP to (NP the Kodak contract )NP )PP (PP as (NP (NP an example )NP (PP of (NP (NP its success )NP (PP in (NP systems integration )NP )PP )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP That )NP (VP 's (NP (NP an emerging business )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP (NP computer makers )NP or (NP consultants )NP )NP (VP provide (NP (NP *UNK communications )NP and (NP computing services )NP )NP (PP to (NP major corporations )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP A Kodak spokesman )NP (VP declined (S (VP to (VP disclose (NP (NP the potential value )NP (PP of (NP (NP the contract )NP , (SBAR (WHNP which )WHNP (S (VP is (ADVP still )ADVP (PP in (NP *UNK )NP )PP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP He )NP (VP said (SBAR that (S (NP (NP American Telephone & Telegraph )NP , (NP MCI Communications Corp. )NP , (NP Rochester Telephone Corp. )NP and (NP (NP IBM )NP (NP itself )NP )NP )NP (VP would (ADVP likely )ADVP (VP be (NP (NP (NP Digital 's )NP *UNK )NP (PP on (NP the project )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (SBAR (WHADVP When )WHADVP (S (NP we )NP (VP decided (S (VP to (VP look (PP outside (NP the company )NP )PP (PP for (NP critical (UCP *UNKING and communications )UCP services )NP )PP )VP )VP )S )VP )S )SBAR , (NP we )NP (VP wanted (S (VP to (VP get (NP (NP the best vendor )NP (PP for (NP that service )NP )PP )NP )VP )VP )S )VP )S , '' (VP said )VP (NP (NP Paul Allen )NP , (NP the spokesman )NP )NP . )SINV  STOP
(S `` (NP That )NP (VP 's (SBAR (WHADVP why )WHADVP (S (NP we )NP (VP (VP went (PP with (NP IBM )NP )PP (PP for (NP data center management )NP )PP )VP ... and (VP (ADVP now )ADVP (NP Digital )NP (PP for (NP voice and data telecommunications )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP This year )NP (VP is (NP (NP the *UNK *UNK )NP (PP of (NP the Federal Reserve System )NP )PP )NP )VP )S , and (S (NP (NP some members )NP (PP of (NP Congress )NP )PP )NP (VP think (SBAR (S (NP it )NP (VP 's (NP (NP time )NP (SBAR (S (VP to (VP take (NP (NP a fresh look )NP (PP at (NP (NP the nation 's )NP central bank )NP )PP )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )S . )S  STOP
(S (PP After (NP 75 years )NP )PP (NP there )NP (VP may (VP be (NP (NP a few things )NP (SBAR (WHNP that )WHNP (S (VP are (PP worth (S (VP *UNKING )VP )S )PP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP The regional Federal Reserve Bank *UNK )NP , (PP for (NP instance )NP )PP , (VP may (VP be (PP out (PP of (NP date )NP )PP )PP )VP )VP . )S  STOP
(S (S (PP In (NP earlier years )NP )PP (NP (NP it )NP )NP (VP may (VP have (VP seemed (ADJP reasonable )ADJP (S (VP to (VP (VP give (NP (NP Richmond )NP , (NP Va. )NP , )NP (NP a bank )NP )VP and (VP allow (NP Los Angeles )NP (NP (NP only a branch )NP (PP of (NP the San Francisco bank )NP )PP )NP )VP )VP )VP )S )VP )VP )VP )S , but (S (NP times )NP (VP have (VP changed )VP )VP )S . )S  STOP
(S (S (ADVP Maybe )ADVP (NP the whole regional system )NP (VP is (NP an *UNK )NP )VP )S ; (S (NP the Fed )NP , (PP after (NP all )NP )PP , (VP is (NP a national central bank )NP )VP )S . )S  STOP
(S (NP (NP Some )NP (PP of (NP the would-be *UNK )NP )PP )NP , (ADVP however )ADVP , (VP want (S (VP to (VP restore (NP (NP an arrangement )NP (SBAR (S (NP we )NP (ADVP once )ADVP (VP had -- (PRN or , (ADVP at least )ADVP , (NP (NP part )NP (PP of (NP it )NP )PP )NP )PRN )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (PP In (NP the beginning )NP )PP , (NP (NP the treasury secretary )NP and (NP (NP the comptroller )NP (PP of (NP the currency )NP )PP )NP )NP (VP were both (NP (NP *UNK *UNK members )NP (PP of (NP the Federal Reserve Board )NP )PP )NP )VP . )S  STOP
(S But (PP in (NP *UNKN )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP Congress )NP (VP was (VP trying (S (VP to (VP find (NP (NP someone or something )NP (SBAR (S (VP to (VP blame (PP for (NP the Great *UNKC )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )SBAR , (NP it )NP (VP decided (S (VP to (VP drop (NP both (NP the secretary )NP and (NP the comptroller )NP )NP (PP from (NP the board )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP Carter Glass )NP , (NP (NP a former treasury secretary )NP (SBAR (WHNP who )WHNP (S (VP was (ADVP then )ADVP (ADVP back (PP in (NP Congress )NP )PP )ADVP )VP )S )SBAR )NP , )NP (ADVP probably )ADVP (VP *UNKED (NP the decision )NP )VP . )S  STOP
(S (NP He )NP (VP said (SBAR that (S (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP was (PP on (NP the board )NP )PP )VP )S )SBAR (NP he )NP (VP felt (SBAR that (S (S (NP he )NP (VP had (NP (NP a great deal )NP (PP of (NP power )NP )PP )NP )VP )S and (PRN , (ADVP somehow )ADVP , )PRN (S (NP he )NP (VP did n't (VP think (SBAR (S (NP that )NP (VP was (NP a good thing )NP )VP )S )SBAR )VP )VP )S )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Times )NP (VP have (VP changed )VP )VP . )S  STOP
(S (NP (NP Rep. *UNKC *UNKC )NP (PRN -LRB- (NP D. )NP , (NP *UNKC . )NP -RRB- )PRN )NP (VP has (VP introduced (NP (NP a bill )NP )NP (PP in (NP Congress )NP )PP , (VP *UNKED (PP by (NP (NP Rep. Lee Hamilton )NP (PRN -LRB- (NP D. )NP , (NP Ind. )NP -RRB- )PRN )NP )PP )VP , (SBAR (WHNP that )WHNP (S (VP would (VP put (NP the treasury secretary )NP (ADVP back )ADVP (PP on (NP the board )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP There )NP (VP is (NP doubt (SBAR that (S (NP the change )NP (VP would (VP accomplish (NP much )NP )VP )VP )S )SBAR )NP )VP )S but (S (ADVP at least )ADVP (NP Congress )NP , (PP as (PP in (NP *UNKN )NP )PP )PP , (VP would (VP be (VP doing (NP something )NP )VP )VP )VP )S . )S  STOP
(S (ADVP So far )ADVP (NP no one )NP (VP has (VP suggested (S (VP putting (NP the comptroller )NP (ADVP back )ADVP (PP on (NP the board )NP )PP )VP )S )VP )VP . )S  STOP
(S (S (NP (NP Nicholas Brady )NP , (NP the *UNK treasury secretary )NP , )NP (VP is (PP of (NP course )NP )PP (ADJP aware (PP of (NP the proposal )NP )PP )ADJP )VP )S , and (S (NP he )NP (VP does n't (VP like (NP it )NP (ADVP much )ADVP )VP )VP )S . )S  STOP
(S (NP Mr. *UNKC )NP (VP has (VP changed (NP tactics )NP , (S (VP dropping (NP the *UNK- idea )NP )VP )S )VP )VP . )S  STOP
(S (S (NP That )NP (VP may (VP have (VP pleased (NP the secretary )NP )VP )VP )VP )S , but (S (NP (NP H. *UNKC *UNKC )NP , (NP (NP chief economist )NP (PP of (NP (NP the investment firm )NP (PP of (NP *UNKC , *UNKC & Co. )NP )PP )NP )PP )NP , )NP (VP suggests (SBAR that (S (NP Mr. Brady )NP (VP may (VP figure (SBAR (S (NP he )NP (ADVP already )ADVP (VP has (NP (NP all the power )NP (SBAR (S (NP he )NP (VP needs )VP )S )SBAR )NP )VP )S )SBAR )VP )VP )S )SBAR )VP )S . )S  STOP
(S (PP Like (NP most treasury *UNK )NP )PP , (NP Mr. Brady )NP (VP takes (NP (NP a *UNK interest )NP (PP in (NP monetary matters )NP )PP )NP , (PP of (NP course )NP )PP )VP . )S  STOP
(S (NP He )NP (VP was , (PP in (NP fact )NP )PP , (VP taking (NP (NP an especially *UNK interest )NP (PP in (NP board matters )NP )PP )NP (SBAR even before (S (NP he )NP (VP went (PP to (NP the treasury )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP After (NP the October 1987 market crash )NP )PP , (NP Mr. Brady )NP (PP as (NP a private *UNK )NP )PP (VP headed (NP (NP a presidential commission )NP (SBAR (WHNP that )WHNP (S (VP tried (S (VP to (VP decide (SBAR (SBAR (WHNP what )WHNP (S (VP went (ADJP wrong )ADJP )VP )S )SBAR and (SBAR (WHNP what )WHNP (S (VP should (VP be (VP done (PP about (NP it )NP )PP )VP )VP )VP )S )SBAR )SBAR )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP One )NP (PP of (NP (NP the commission 's )NP recommendations )NP )PP )NP (VP was (SBAR that (S (NP (NP a single agency )NP , (NP probably the Federal Reserve )NP , )NP (VP should (VP *UNK (NP (NP regulation )NP (PP of (NP all financial markets )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP This recommendation )NP (VP might (VP have (VP encouraged (S (NP a *UNK- *UNK )NP (VP to (VP try (S (VP to (VP expand (NP his power )NP )VP )VP )S )VP )VP )S )VP )VP )VP )S , but (S (ADVP so far )ADVP (NP Federal Reserve Chairman Alan Greenspan )NP (VP has n't (VP made (NP (NP a pitch )NP (PP for (NP the job )NP )PP )NP )VP )VP )S . )S  STOP
(S (S (NP The Fed )NP (VP has (NP (NP plenty )NP (PP of (NP responsibilities )NP )PP )NP (PP in (NP (NP times )NP (PP of (NP market turmoil )NP )PP )NP )PP )VP )S and (S (PP (PP in (NP 1987 )NP )PP and (ADVP again )ADVP (PP in (NP 1989 )NP )PP )PP (NP it )NP (VP appears (S (VP to (VP have (VP handled (NP them )NP (ADVP well )ADVP )VP )VP )VP )S )VP )S . )S  STOP
(S (S (NP Mr. Brady )NP (VP has (VP said (SBAR (S (NP he )NP (VP thought (SBAR (S (NP (NP government agencies )NP (PP in (NP the latest market drop )NP )PP )NP (VP were (ADJP better prepared (S (VP to (VP coordinate (NP their actions )NP )VP )VP )S )ADJP )VP )S )SBAR )VP )S )SBAR )VP )VP )S , but (S (NP he )NP (VP has (VP left (NP no doubt (SBAR that (S (NP he )NP (ADVP still )ADVP (VP likes (NP (NP the ideas )NP (SBAR (S (NP the commission )NP (VP advanced (ADVP (NP nearly two years )NP ago )ADVP )VP )S )SBAR )NP )VP )S )SBAR )NP )VP )VP )S . )S  STOP
(S (PP In (NP recent weeks )NP )PP , (ADVP *UNK )ADVP , (NP Mr. Brady )NP (VP has (VP joined (NP other administration officials )NP (PP in (S (VP trying (S (VP to (VP urge (NP the Fed )NP (PP toward (NP lower interest rates )NP )PP )VP )VP )S )VP )S )PP )VP )VP . )S  STOP
(S (NP The urging )NP (ADVP *UNKLY )ADVP (VP has (VP been (ADJP *UNK )ADJP )VP )VP . )S  STOP
(S (PP In (NP (NP an interview )NP (PP with (NP the Washington *UNKC )NP )PP )NP )PP (PP in (NP early October )NP )PP , (NP the secretary )NP (VP said (SBAR (S (NP the Fed )NP (VP may (VP be (ADJP (ADJP slightly more interested (PP in (S (VP *UNKING (NP inflation )NP )VP )S )PP )ADJP (SBAR than (S (NP the administration )NP (VP is )VP )S )SBAR )ADJP , (SBAR while (S (NP the administration )NP (VP may (VP put (NP (ADJP slightly more )ADJP emphasis )NP (PP on (S (VP *UNKING (NP economic growth )NP )VP )S )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (ADJP (ADVP At least )ADVP some )ADJP economists )NP , (PP of (NP course )NP )PP , (VP would (VP argue (SBAR that (S (NP inflation )NP (VP *UNK (NP (NP a lot )NP (PP of (NP emphasis )NP )PP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Earlier this month )NP (NP the St. Louis Fed )NP (VP held (NP a conference )NP (S (VP to (VP assess (NP (NP the system 's )NP first 75 years )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP a *UNKC University economist )NP , )NP (VP noted (SBAR that (S (NP (NP the Fed 's )NP record )NP (VP included (NP (NP the *UNK , (ADJP most sustained )ADJP , *UNK inflation )NP (PP in (NP our history )NP )PP , (VP *UNKING (PP (PP from (NP either 1966 or *UNKN )NP )PP (PP to (NP 1989 )NP )PP )PP )VP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The *UNK- argument )NP (VP is (NP an old one )NP )VP )S , but (S (NP Mr. Brady )NP , (UCP (PP on (NP the board )NP )PP or (ADVP off )ADVP )UCP , (VP is (ADVP surely )ADVP (VP trying (S (VP to (VP influence (NP Fed policy )NP )VP )VP )S )VP )VP )S . )S  STOP
(S (ADVP *UNKLY *UNKLY )ADVP , (NP the treasury secretary )NP (VP has (VP *UNKED (NP the administration effort (S (VP to (VP bring (NP the U.S. dollar )NP (PRT down )PRT (PP by (S (VP shopping (ADVP *UNKLY )ADVP (PP for (NP (NP (ADJP West German )ADJP marks )NP and (NP Japanese yen )NP )NP )PP )VP )S )PP )VP )VP )S )NP )VP )VP . )S  STOP
(S (S (NP The treasury )NP (VP can (VP do (NP something )NP (PP on (NP its own )NP )PP )VP )VP )S , but (S (S (VP to (VP have (NP (NP any hope )NP (PP of (NP success )NP )PP )NP )VP )VP )S (NP it )NP (VP needs (NP (NP help )NP (PP from (NP the Fed )NP )PP )NP )VP )S . )S  STOP
(S (NP The central bank )NP (VP has (VP been (VP helping , (PRN but (ADVP apparently )ADVP (ADVP not especially *UNKLY )ADVP )PRN )VP )VP )VP . )S  STOP
(S (S (NP The Fed )NP (VP has (VP been (VP *UNKING (PP in (NP foreign currency markets )NP )PP , (ADVP all right )ADVP , )VP )VP )VP )S but (S (PP through (NP August )NP )PP , (ADVP at least )ADVP , (NP it )NP (VP appeared (S (VP to (VP be (VP `` *UNKING '' (NP the intervention )NP )VP )VP )VP )S )VP )S . )S  STOP
(S (PP In (NP other words )NP )PP , (NP it )NP (VP was (VP offsetting (NP (NP purchases )NP (PP of (NP marks and yen )NP )PP )NP (PP by (S (VP buying (NP dollars )NP (PP in (NP the domestic money market )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S (ADVP Now )ADVP , (NP *UNKED intervention )NP (VP may (VP have (NP some effect )NP )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP traders )NP (VP see (SBAR (S (NP the Fed )NP (VP is (PP in (NP the exchange market )NP )PP )VP )S )SBAR )VP )S )SBAR (NP it )NP (VP may (VP make (S (NP them )NP (VP *UNK (ADVP (NP a little )NP carefully )ADVP , (PP for (NP (NP fear )NP (PP of (SBAR (WHNP what )WHNP (S (NP the central bank )NP (VP may (VP do )VP )VP )S )SBAR )PP )NP )PP )VP )S )VP )VP . )S  STOP
(S But (NP it )NP (VP 's (ADVP generally )ADVP (VP accepted (SBAR that (S (NP *UNKED intervention )NP (VP has (NP (NP little or no *UNKING impact )NP (PP on (NP currency values )NP )PP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (PP After (NP August )NP )PP (NP the Fed )NP (VP may (VP have (VP stopped (S (VP *UNKING )VP )S )VP )VP )VP )S , but (S (NP (NP it )NP )NP (VP 's (ADJP hard )ADJP (S (VP to (VP see (NP (NP much impact )NP (PP on (NP the dollar )NP )PP )NP )VP )VP )S )VP )S . )S  STOP
(S (NP The dollar )NP (VP is (ADVP still )ADVP (ADJP highly volatile )ADJP )VP . )S  STOP
(S (S (NP The Fed )NP (VP has (VP let (S (NP interest rates )NP (VP slip (ADVP slightly )ADVP )VP )S )VP )VP )S , but (S (SBAR whether (S (NP the main reason )NP (VP was (NP (NP dollar intervention )NP , (NP (NP the *UNK reports )NP (PP on (NP manufacturing employment )NP )PP )NP , or (NP the (NAC Friday 13 )NAC market drop )NP )NP )VP )S )SBAR , (NP only (NP Mr. Greenspan )NP and (NP his associates )NP )NP (VP know )VP )S . )S  STOP
(S (NP Earlier this year )NP , (NP (NP Martin *UNKC )NP , (NP (NP president )NP (PP of (NP (NP the National Bureau )NP (PP of (NP Economic Research )NP )PP )NP )PP )NP , )NP (VP argued (ADVP *UNKLY )ADVP (SBAR that (S (NP (NP a government )NP (SBAR (WHNP that )WHNP (S (VP wants (NP steady , stable exchange rates )NP )VP )S )SBAR )NP (VP might (VP try (NP some steady stable economic policies )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (VP *UNKING (S (VP to (VP manage (NP exchange rates )NP (PP to (NP some *UNKED level )NP )PP )VP )VP )S )VP )S (PRN , (S (NP he )NP (VP said )VP )S , )PRN `` (VP would (VP mean (S (VP (VP *UNKING (NP (ADJP monetary and fiscal )ADJP policies )NP (PP from (NP their *UNK *UNK )NP )PP )VP and (ADVP thereby )ADVP (VP *UNKING (NP (NP excessive inflation and unemployment )NP and (NP inadequate capital formation )NP )NP )VP )VP )S )VP )VP . '' )S  STOP
(S (SBAR (X The more )X (S (NP we )NP (VP think (PP about (NP it )NP )PP )VP )S )SBAR , (X the more )X (NP we )NP (VP suspect (SBAR (S (NP Mr. Brady )NP (VP does (ADVP indeed )ADVP (VP have (NP enough power )NP (SBAR (WHADVP where )WHADVP (S (NP he )NP (ADVP already )ADVP (VP is )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP This )NP (VP has (VP been (NP (NP a week )NP (PP of (NP (NP (NP *UNKING events )NP (PP behind (SBAR (WHNP what )WHNP (S (VP was (ADVP once )ADVP (VP called (S (NP the Iron *UNKC )NP )S )VP )VP )S )SBAR )PP )NP and (NP (NP interesting *UNK )NP (PP in (NP (NP official American policy )NP (PP toward (NP Moscow )NP )PP )NP )PP )NP )NP )PP )NP )VP )VP . )S  STOP
(S (NP It )NP (VP has (ADVP also )ADVP (VP been (NP (NP a week )NP (SBAR (WHADVP when )WHADVP (S (NP *UNK- Washington )NP (VP has (VP had (NP a high old time )NP (S (VP *UNKING (PP over (NP (NP (NP *UNK- Reagan 's )NP *UNK- *UNK )NP (PP in (NP Japan )NP )PP )NP )PP )VP )S )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (S (NP The latter )NP (VP may (VP seem (S (ADJP (ADJP *UNKLY *UNK )ADJP , if (ADJP not *UNK *UNK )ADJP , )ADJP )S (PP given (NP the big picture )NP )PP )VP )VP )S and (S (NP (NP the way )NP (SBAR (S (NP we )NP (VP have (VP handled (NP it )NP (PP in (NP (NP the nation 's )NP capital )NP )PP )VP )VP )S )SBAR )NP (VP has (VP done (NP nothing )NP (S (VP to (VP *UNK (NP that impression )NP )VP )VP )S )VP )VP )S . )S  STOP
(S (PP In (NP fact )NP )PP , (ADVP however )ADVP , (NP (NP (NP Mr. Reagan 's )NP *UNK *UNK )NP (PP of (NP (NP the office )NP (SBAR (S (NP he )NP (ADVP so recently )ADVP (VP held )VP )S )SBAR )NP )PP )NP (VP raises (NP (NP issues )NP (SBAR (WHPP about (WHNP which )WHNP )WHPP (S (NP Americans )NP (VP can (ADVP actually )ADVP (VP do (NP (NP something )NP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Our ability (S (VP to (VP influence (NP (NP the outcome )NP (PP of (NP (NP events )NP (PP in (NP (NP Eastern Europe )NP and (NP the Soviet Union )NP )NP )PP )NP )PP )NP )VP )VP )S )NP (VP is (ADJP (ADVP far more )ADVP marginal )ADJP )VP . )S  STOP
(S (NP Those events )NP (VP continue (S (VP to (VP move (PP (PP at (NP (NP a rate )NP )NP )PP , and (PP in (NP (NP a direction )NP )NP )PP , (SBAR (WHNP which )WHNP (S (VP leave (NP (NP informed *UNK )NP (PRN -- (ADVP let alone )ADVP (NP policy )NP -- )PRN )NP (PP far in (NP their wake )NP )PP )VP )S )SBAR )PP )VP )VP )S )VP . )S  STOP
(S (NP Earlier this week )NP , (NP Soviet Foreign Minister *UNKC A. Shevardnadze )NP (VP *UNKED (SBAR that (S (NP the U.S.S.R. )NP (VP (VP ignored (NP *UNK human values )NP (PP by (S (VP *UNKING (NP Afghanistan )NP )VP )S )PP )VP and (PRN , (S (VP to (VP put (NP it )NP (ADVP *UNKLY )ADVP )VP )VP )S , )PRN (VP `` engaged (PP in (NP (NP a violation )NP (PP of (NP the *UNKC *UNKC )NP )PP )NP )PP '' (PP by (S (VP building (NP (NP its radar station )NP (PP at (NP *UNKC )NP )PP )NP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Hungary )NP (VP is (ADVP no longer )ADVP (NP a `` Socialist *UNKC '' *UNK )NP )VP )S , (S (NP the Communist Party )NP (ADVP no longer )ADVP (VP has (NP (NP *UNK *UNK )NP (PP in (NP (NP (NP the U.S.S.R. 's )NP Congress )NP (PP of (NP *UNKC *UNKC )NP )PP )NP )PP )NP )VP )S and (S (NP *UNKC Krenz )NP (VP was not (VP backed (ADVP unanimously )ADVP (PP by (NP his fellow party *UNK )NP )PP (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP took (PRT over )PRT (PP as (NP (NP East Germany 's )NP new maximum leader )NP )PP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (NP (NP All )NP (PP of (NP that )NP )PP )NP (VP is (PP just for (NP *UNK )NP )PP , (PRN or (S (ADVP so )ADVP (NP (NP the hundreds )NP (PP of (NP (NP thousands )NP (PP of (NP Eastern Europeans )NP )PP )NP )PP (PP in (NP the streets )NP )PP )NP (VP (VP seem (S (VP to (VP hope )VP )VP )S )VP and (VP are (ADVP certainly )ADVP (VP demanding )VP )VP )VP )S )PRN )VP . )S  STOP
(S (PP Of (NP (ADJP (ADJP like )ADJP (PRN , though (ADJP *UNK )ADJP , )PRN )ADJP note )NP )PP , (NP (NAC Secretary (PP of (NP State )NP )PP )NAC James Baker )NP (VP put (NP the administration )NP (PP (NP *UNK- )NP (PP behind (NP perestroika and glasnost )NP )PP (PRN , and (ADVP therefore )ADVP (PP behind (NP Mikhail Gorbachev )NP )PP , )PRN )PP (PP in (NP (NP a *UNK )NP (PP of (NP (ADJP carefully *UNKED )ADJP *UNK )NP )PP (PP over (NP the past week (QP or so )QP )NP )PP )NP )PP )VP . )S  STOP
(S And , (ADVP last but not least )ADVP , (NP President George Bush )NP (ADVP now )ADVP (VP (VP views (NP (NP the changes )NP (PP in (NP Eastern Europe )NP )PP )NP (PP as `` (ADJP absolutely extraordinary )ADJP '' )PP )VP and (VP believes (SBAR that (S (NP Mr. Krenz )NP `` (VP ca n't (VP turn (NP the *UNK )NP (PRT back )PRT '' (PP in (NP East Germany )NP )PP (SBAR because (S (NP the change )NP (VP is (ADJP too *UNK )ADJP )VP )S )SBAR )VP )VP )S )SBAR )VP , '' (SBAR as (S (NP he )NP (VP told (NP (NP the New York Times 's )NP *UNKC Apple *UNK )NP )VP )S )SBAR )VP . )S  STOP
(S -LRB- (PP In (NP other words )NP )PP , (PP after (NP (NP some (ADJP highly visible )ADJP *UNKING )NP and (NP (NP public airing )NP (PP of (NP differences )NP )PP )NP )NP )PP , (NP the administration )NP (VP has (VP come (PRT down )PRT (PP on (NP (NP the side )NP (PP of (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP believe (SBAR that (S (SBAR (WHNP what )WHNP (S (NP we )NP (VP are (VP *UNKING (PP (PP from (NP Berlin )NP )PP (PP to (NP *UNKC )NP )PP )PP )VP )VP )S )SBAR (VP is (NP (NP (NP a good thing )NP (SBAR (S (VP to (VP be (VP welcomed )VP )VP )VP )S )SBAR )NP , (CONJP rather than )CONJP (NP (NP a new thing )NP (SBAR (S (VP to (VP be (VP (VP feared )VP or (VP viewed (PP with (NP *UNK )NP )PP )VP )VP )VP )VP )S )SBAR )NP )NP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )PP )VP )VP . -RRB- )S  STOP
(S (NP (NP All )NP (PP of (NP this )NP )PP )NP (VP is (SBAR (WHNP what )WHNP (S (NP history )NP (VP will (VP note )VP )VP )S )SBAR , (S (VP assuming (SBAR that (S (NP events )NP (VP do n't (VP make (S (NP it )NP (VP seem (S (NP a bad *UNK )NP )S )VP )S , (SBAR (WHADVP when )WHADVP (S (NP (NP the record )NP (PP of (NP this time )NP )PP )NP (VP is (VP put (ADVP down )ADVP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (PP For (NP (NP journalists )NP (PRN , (ADVP however )ADVP , )PRN (SBAR (WHNP who )WHNP (S (VP write (SBAR (WHNP what )WHNP (S (NP they )NP (ADVP *UNKLY )ADVP (VP view (PP as (NP (NP history 's )NP first *UNK )NP )PP )VP )S )SBAR )VP )S )SBAR )NP )PP , (NP this )NP (VP has (ADVP also )ADVP (VP been (NP (NP a week )NP (SBAR (S (VP to (VP give (NP (NP a lot )NP (PP of (NP space and time )NP )PP )NP (PP to (NP (NP (NP *UNKC and Nancy 's )NP sales appearance )NP (PP in (NP Japan )NP )PP (PP on (NP (NP behalf )NP (PP of (NP (NP a communications giant )NP and (NP its controversial founder )NP )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP has (VP been (NP a *UNK- transaction )NP , (NP (NP this *UNKING away )NP (PP of (NP (NP the *UNK )NP (PP of (NP (NP the *UNK 's )NP highest office )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP The Japanese *UNK )NP (VP has (VP *UNKED (PRT up )PRT (NP (QP at least $ 2 million )QP )NP )VP )VP )S , (S (S (NP the Japanese government )NP (VP has (VP put (PRT up )PRT (NP (QP just about as )QP much )NP )VP )VP )S , or (S (ADVP so )ADVP (NP it )NP (VP is (VP reported )VP )VP )S )S and (S (NP (QP at least one )QP estimate )NP (VP puts (NP the total *UNK )NP (PP at (NP (QP $ 7 million )QP )NP )PP )VP )S . )S  STOP
(S (NP (NP All )NP (PP of (NP which )NP )PP )NP (VP has (VP *UNKED (S (NP (NP those )NP (PP of (NP us )NP )PP (PP in (NP Washington )NP )PP (SBAR (WHNP who )WHNP (S (VP enjoy (S (VP *UNKING (PP in (NP such things )NP )PP )VP )S )VP )S )SBAR )NP (VP to (VP go (PP into (NP high public *UNK )NP )PP , (SBAR as (S (NP (NP Mr. Apple )NP and (NP I )NP )NP (VP did (VP (NP the other night )NP (PP on (NP (NP ABC 's )NP `` *UNKC )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP )VP . '' )S  STOP
(S (S (S (VP *UNKING (ADVP away )ADVP )VP )S , (NP we )NP (VP (VP raised (SBAR (WHNP what )WHNP (S (NP I )NP (ADVP still )ADVP (VP think (SBAR (S (VP were (NP all the right issues )NP )VP )S )SBAR )VP )S )SBAR )VP and (VP *UNKED (NP (QP more than one )QP hard blow )NP )VP )VP )S , but (S (PP at (NP (NP the end )NP (PP of (NP the affair )NP )PP )NP )PP , (NP there )NP (VP was (NP just the *UNK *UNKING worry (SBAR that (S (NP we )NP (VP had (VP been (VP *UNKING (PP at (NP the wrong target )NP )PP )VP )VP )VP )S )SBAR )NP )VP )S . )S  STOP
(S (SBAR As (S (NP (NP one )NP (PP of (NP his *UNK )NP )PP )NP (VP (ADVP so *UNKLY )ADVP put (NP it )NP )VP )S )SBAR , (NP President Reagan )NP (VP was (ADVP simply )ADVP (VP doing (SBAR (WHNP what )WHNP (S (S (NP he )NP (VP had (ADVP always )ADVP (VP done (PP before (NP his election )NP )PP )VP )VP )S (PRN -LRB- and (S (NP some )NP (VP would (VP say (FRAG (ADVP thereafter )ADVP (ADVP as well )ADVP )FRAG )VP )VP )S -RRB- )PRN )S )SBAR )VP )VP . )S  STOP
(S (S (NP He )NP (VP was (VP performing (PP for (NP pay )NP )PP )VP )VP )S , and (SBARQ (WHADVP why )WHADVP (SQ should (NP anyone )NP (VP expect (NP (NP anything )NP (ADJP more )ADJP )NP )VP )SQ )SBARQ ? )S  STOP
(FRAG (ADVP *UNKLY )ADVP (SBAR because (S (NP there )NP (VP 's (NP (NP more )NP (PP to (NP the matter )NP )PP (PP than (NP (NP Ronald Reagan 's )NP (NX (NX personal values )NX , or (NX (NX lack )NX (PP of (NP them )NP )PP )NX )NX )NP )PP )NP )VP )S )SBAR . )FRAG  STOP
(S (S (VP *UNKING (NP the presidency )NP (PP for (NP (NP a mess )NP (PP of (NP *UNK )NP )PP )NP )PP )VP )S (VP is (ADVP (ADVP not so much )ADVP )ADVP (NP (NP a devaluation )NP (PP from (NP (NP the *UNK )NP (PP of (NP public life )NP )PP (NP today )NP )NP )PP )NP (SBAR as (S (NP it )NP (VP is (NP (NP a *UNK )NP (PP of (NP (NP the *UNK )NP (PP of (NP public standards )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP The theme song )NP (PP for (NP the 1980s )NP )PP )NP (VP has (VP been , `` (S (NP *UNKING )NP (VP *UNKC )VP )S )VP )VP )S , '' and (S (NP it )NP (VP has (VP been (VP *UNKED (PP with (NP *UNK )NP )PP (PP (PP from (NP Wall Street )NP )PP (PP to (NP (NP some )NP (PP of (NP (NP the highest *UNK )NP (PP of (NP *UNK )NP )PP )NP )PP )NP )PP )PP )VP )VP )VP )S . )S  STOP
(S (NP There )NP (VP are (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP say (SBAR (SBAR that (S (NP this )NP (VP is (NP nothing new )NP )VP )S )SBAR , (SBAR that (S (NP America )NP (VP has (ADVP always )ADVP (VP suffered (PP from (NP (NP a bad case )NP (PP of (NP *UNK )NP )PP )NP )PP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP comes (PP to (NP (NP the *UNK )NP (PP between (SBAR (SBAR (WHNP what )WHNP (S (VP is (VP *UNKED )VP )VP )S )SBAR and (SBAR (WHNP what )WHNP (S (VP is (VP *UNKED )VP )VP )S )SBAR )SBAR )PP )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )SBAR )VP )S )SBAR )NP )VP . )S  STOP
(S (NP There )NP (VP is (NP (NP evidence )NP (SBAR (S (VP to (VP support (NP that view )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP (NP *UNKC years )NP ago )ADVP , (NP William James )NP (VP wrote (PP to (NP *UNKC Wells )NP )PP : `` (S (NP (NP The moral *UNK )NP (VP born (PP of (NP (NP the exclusive *UNK )NP (PP of (NP the *UNK *UNK success )NP )PP )NP )PP )VP )NP ... (NP that )NP , (PP with (NP (NP the *UNK cash interpretation )NP (VP put (PP on (NP the word success )NP )PP )VP )NP )PP , (VP is (NP our national disease )NP )VP )S )VP . '' )S  STOP
(S But (SBAR if (S (NP it )NP (VP was (NP the national disease )NP (PP in (NP *UNKN )NP )PP )VP )S )SBAR , (NP it )NP (VP is (NP today )NP (NP the national *UNK )NP )VP . )S  STOP
(S (SBAR If (S (NP there )NP (VP is (NP (NP no law )NP (PP against (NP it )NP )PP )NP )VP )S )SBAR , (VP do (NP it )NP )VP . )S  STOP
(S (SBAR If (S (NP the law )NP (VP leaves (NP *UNK )NP )VP )S )SBAR , (VP use (NP them )NP )VP . )S  STOP
(FRAG (SBAR If (S (NP there )NP (VP is (NP (NP no moral *UNK )NP (SBAR (WHNP that )WHNP (S (ADVP *UNKLY )ADVP (VP *UNK (NP it )NP )VP )S )SBAR )NP )VP )S )SBAR , (ADVP (NP full speed )NP ahead )ADVP . )FRAG  STOP
(S And (SBAR (SBAR if (S (NP you )NP (VP are (VP caught )VP )VP )S )SBAR or (SBAR if (S (NP people )NP (VP complain )VP )S )SBAR )SBAR , (ADVP simply )ADVP (VP (VP argue (SBAR that (S `` (S (NP everyone )NP (VP does (NP it )NP )VP )S '' or `` (S (NP no one )NP (VP said (SBAR (S (NP I )NP (VP should n't )VP )S )SBAR )VP )S '' )S )SBAR )VP and (VP *UNK (NP it )NP (PRT out )PRT )VP )VP . )S  STOP
(S (PP As (NP a last *UNK )NP )PP , (SBAR (WHADVP when )WHADVP (S (S (NP all else )NP (VP has (VP failed )VP )VP )S and (S (NP you )NP (VP are (VP *UNKED )VP )VP )S )S )SBAR , (VP (VP *UNK (PP for (S (VP having (VP disappointed (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP *UNKED (NP you )NP )VP )S )SBAR )NP )VP )VP )S )PP )VP but (VP deny (S (VP having (ADVP actually )ADVP (VP done (NP (NP anything )NP (ADJP wrong )ADJP )NP )VP )VP )S )VP )VP . )S  STOP
(S -LRB- (VP *UNKC , (PP for (NP instance )NP )PP , (NP (NP (NP Jim *UNKC 's )NP remarks )NP (PP upon (S (VP being (VP sentenced (PP to (NP prison )NP )PP (NP this Tuesday )NP (PP for (S (VP *UNKING (NP the *UNK )NP )VP )S )PP )VP )VP )S )PP )NP )VP . -RRB- )S  STOP
(S (VP Consider (NP (NP the *UNKING *UNK )NP (PP between (NP (NP (NP (NP Mr. Shevardnadze 's )NP speech )NP (PP of (NP *UNK )NP )PP (NP this week )NP )NP and (NP (NP the *UNK- defense )NP (PP of (NP (NP everyone )NP (VP concerned (PP with (NP the Iran-Contra affair )NP )PP )VP )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (NP The Soviet foreign minister )NP (VP (ADVP publicly )ADVP concedes (SBAR that (S (NP his government )NP (VP (VP `` violated (NP (NP *UNK )NP (PP of (NP behavior )NP )PP )NP '' (PP in (NP Afghanistan )NP )PP )VP and (VP (ADVP just *UNK )ADVP *UNKED (PP about (NP the radar station )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP We )NP (VP have (NP (NP people )NP (PP in (NP high place )NP )PP (VP (ADVP still )ADVP *UNKING (PP through (NP their *UNK )NP )PP (PP about (NP Iran-Contra )NP )PP )VP )NP )VP )S , and (S (NP that )NP (ADVP apparently )ADVP (VP is n't (VP going (S (VP to (VP change )VP )VP )S )VP )VP )S . )S  STOP
(S (PP For (NP that matter )NP )PP , (NP (NP those )NP (VP (ADVP long ago )ADVP identified (PP as (NP *UNK )NP )PP )VP )NP (VP are (ADVP still )ADVP (VP given (NP *UNK hearings )NP (PP in (NP the press )NP )PP )VP )VP . )S  STOP
(S (NP That )NP (VP is (NP (NP the key )NP (PP to (NP the current `` national disease )NP )PP )NP )VP . '' )S  STOP
(S (NP No one )NP (VP seems (ADJP willing (S (VP to (VP hold (NP (NP anyone )NP (PP in (NP public life )NP )PP )NP (PP to (NP (NP a standard )NP (ADJP (ADJP higher )ADJP (PP than (NP (NP the *UNK construction )NP (PP of (NP the law )NP )PP )NP )PP )ADJP )NP )PP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP (NP The *UNK media *UNK *UNK )NP (PP about (NP (NP some politician 's )NP private *UNK )NP )PP (ADVP *UNKING )ADVP )NP , (NP the general *UNK )NP (VP is (S (VP to (VP offer (NP (NP a version )NP (PP of (NP (NP the old *UNK )NP , `` (SBARQ (WHNP Who )WHNP (SQ am (NP I )NP (S (VP to (VP judge )VP )VP )S )SQ )SBARQ )NP )PP )NP )VP )VP )S )VP ? '' )S  STOP
(FRAG (ADVP Thus )ADVP , (NP (NP no standards )NP , (NP no judgment )NP and (NP no values )NP )NP . )FRAG  STOP
(SINV `` (S (NP You )NP (VP are (ADJP *UNK )ADJP (SBAR because (S (NP he )NP (VP 's (VP making (NP (ADJP so much )ADJP money )NP )VP )VP )S )SBAR )VP )S , '' (VP say )VP (NP (NP President Reagan 's )NP *UNK )NP . )SINV  STOP
(S (INTJ No )INTJ , (NP we )NP (VP ought (S (VP to (VP be (ADJP *UNK )ADJP (SBAR because (S (NP he )NP (VP has (VP *UNKED (NP (NP the office )NP (SBAR (S (NP we )NP (VP gave (NP him )NP )VP )S )SBAR )NP , (S (VP *UNKING (NP it )NP (PP in (NP (NP the service )NP (PP of (NP private gain )NP )PP )NP )PP )VP )S )VP )VP )S )SBAR )VP )VP )S , (SBAR just as (S (NP we )NP (VP ought (S (VP to (VP be (ADJP *UNK (SBAR that (S (NP public officials )NP (VP (VP lie (PP through (NP their *UNK )NP )PP )VP , (VP play (NP (NP *UNK games )NP (PP about (NP their activities )NP )PP )NP )VP or (PRN , (S (VP to (VP *UNK (NP a *UNK )NP )VP )VP )S , )PRN (VP make (S (NP public service )NP (NP a private *UNK )NP )S )VP )VP )S )SBAR )ADJP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP I )NP (VP 'm not (VP going (S (VP to (VP be (VP *UNKED (PP into (S (VP *UNKING (PP to (NP (NP any )NP (PP of (NP this )NP )PP )NP )PP )VP )S )PP )VP )VP )VP )S )VP )VP )S , (NP President Bush )NP (VP told (NP Mr. Apple )NP (PP in (NP (NP this week 's )NP interview )NP )PP )VP . )S  STOP
(S (S (NP He )NP (VP was (VP referring (PP to (NP (NP the `` (ADJP absolutely extraordinary )ADJP '' events )NP (PP in (NP Eastern Europe )NP )PP )NP )PP )VP )VP )S , and (S (NP it )NP (VP is (NP a *UNK position )NP )VP )S . )S  STOP
(S But (NP there )NP (VP is (NP (NP no defense )NP (ADVP at all )ADVP (PP for (NP (NP the *UNK )NP (PP of (NP the 1980s )NP )PP )NP )PP )NP )VP . )S  STOP
(S (S (NP We )NP (VP did n't (VP *UNK (PP into (NP it )NP )PP )VP )VP )S , (S (NP we )NP (VP *UNKED and slipped (PP down (NP the long *UNK )NP )PP )VP )S , and (S (ADVP now )ADVP (NP we )NP (VP have (PP as (NP its *UNK symbol )NP )PP (NP (NP a former president )NP (VP *UNKING (PP for (NP a foreign *UNK )NP )PP )VP )NP )VP )S . )S  STOP
(S Or (ADVP perhaps )ADVP (NP that )NP (VP is (NP (NP (NP a *UNKING symbol )NP (PP for (NP (NP the United States )NP (PP of (NP 1989 )NP )PP )NP )PP )NP : (NP (NP (NP Everything )NP (PP for (NP sale )NP )PP )NP ; (NP (NP nothing )NP (PP of (NP real value )NP )PP )NP )NP )NP )VP . )S  STOP
(S (NP Mr. Carter )NP (VP is (NP (NP a political *UNK )NP (SBAR (WHNP who )WHNP (S (VP heads (NP a television production firm )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Cineplex *UNKC Corp. directors )NP (VP said (SBAR (S (NP (NP (NP the company 's )NP chairman and chief executive )NP , (NP *UNKC Drabinsky )NP , )NP (VP is (VP considering (S (VP bidding (NP (NP (QP *UNKN million )QP Canadian dollars )NP (PRN -LRB- (NP (QP US$ *UNKN million )QP )NP -RRB- )PRN )NP (S (VP to (VP acquire (NP the company )NP )VP )VP )S )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The board )NP (VP said (SBAR (S (NP (NP Mr. Drabinsky )NP and (NP Vice Chairman *UNKC *UNKC )NP )NP (VP are (VP negotiating (NP financing )NP (PP before (S (VP offering (NP (NP C$ *UNKN )NP (NP a share )NP )NP (S (VP to (VP acquire (NP (NP all )NP (PP of (NP (NP (NP Cineplex 's )NP shares )NP (ADJP outstanding )ADJP )NP )PP )NP )VP )VP )S )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The directors )NP (VP added (SBAR (SBAR that (S (NP the two executives )NP (VP have n't (VP reached (NP a final decision (S (VP to (VP proceed (PP with (NP a bid )NP )PP )VP )VP )S )NP )VP )VP )S )SBAR and (SBAR that (S (SBAR until (S (NP an offer )NP (VP is (VP made )VP )VP )S )SBAR (NP the board )NP (VP will (VP continue (S (VP seeking (NP higher offers )NP (PP from (NP other bidders )NP )PP )VP )S )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP The directors )NP (VP said (SBAR (S (SBAR if (S (NP Messrs. Drabinsky and *UNKC )NP (VP mail (NP an offer )NP (PP to (NP shareholders )NP )PP (PP by (NP Nov. 22 )NP )PP )VP )S )SBAR , (NP it )NP (VP will (VP *UNK (NP them )NP (NP (NP a maximum )NP (PP of (NP (QP C$ 8.5 million )QP )NP )PP )NP (PP for (NP (NP expenses )NP (VP related (PP to (NP a bid )NP )PP )VP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP We )NP (VP consider (SBAR that (S (NP his bid )NP (VP is (NP an acceptable bid )NP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP spokeswoman )NP (PP for (NP (NP the independent directors ' )NP committee )NP )PP (VP appointed (NP last May )NP (S (VP to (VP *UNK and review (NP bids )NP (PP for (NP the company )NP )PP (PP in (NP (NP the wake )NP (PP of (NP (NP a dispute )NP (PP between (NP (NP Mr. Drabinsky )NP and (NP (NP (NP Cineplex 's )NP major shareholder )NP , (NP MCA Inc )NP )NP )NP )PP )NP )PP )NP )PP )VP )VP )S )VP )NP )NP . )SINV  STOP
(S (NP (NP MCA )NP and (NP (NP (NP Cineplex 's )NP other major shareholder )NP , (NP (NP *UNKED financier Charles *UNKC )NP and (NP his associates )NP )NP , )NP )NP (VP have (VP agreed (S (VP to (VP tender (NP their holdings )NP (PP to (NP (NP an offer )NP (PP by (NP Mr. Drabinsky )NP )PP )NP )PP (SBAR unless (S (NP a higher offer )NP (VP is (VP made (PP by (NP another bidder )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (NP MCA )NP (VP holds (NP (NP (NP half )NP (PP of (NP (NP Cineplex 's )NP equity )NP )PP )NP and (NP (NP 33 % )NP (PP of (NP its voting rights )NP )PP )NP )NP (PP through (NP restricted voting shares )NP )PP , (SBAR while (S (NP *UNKC interests )NP (VP hold (NP (NP (QP about 24 )QP % )NP (PP of (NP (NP the company 's )NP equity )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Ms. *UNKC )NP (VP said (SBAR (S (NP the committee )NP (VP had (VP received (NP other bids )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP She )NP (VP (VP declined (S (VP to (VP identify (NP other bidders )NP )VP )VP )S )VP but (VP said (SBAR (S (S (NP (NP Mr. Drabinsky 's )NP offer )NP `` (VP is (NP all cash )NP )VP )S , and (S (NP it )NP (VP 's (PP for (NP (NP all )NP (PP of (NP the company )NP )PP )NP )PP )VP )S )S )SBAR )VP )VP . '' )S  STOP
(S (NP Several Cineplex analysts )NP (VP have (VP speculated (SBAR that (S (NP (NP outside bids )NP (VP received (PP by (NP the committee )NP )PP )VP )NP (VP were (UCP either (ADJP *UNKLY low )ADJP or (PP for (NP (NP only part )NP (PP of (NP the company )NP )PP )NP )PP )UCP )VP )S )SBAR )VP )VP . )S  STOP
(SINV `` (S (NP (NP All )NP (SBAR (S (NP this )NP (VP has (ADVP really )ADVP (VP established )VP )VP )S )SBAR )NP (VP is (SBAR that (S (NP (NP MCA )NP and (NP the *UNKC )NP )NP (VP have (VP agreed (PP on (NP (NP a price )NP (SBAR (WHPP at (WHNP which )WHNP )WHPP (S (NP they )NP (VP can (VP be (VP bought (PRT out )PRT )VP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP an analyst )NP (PP with (NP (NP *UNKC , *UNKC )NP (PP in (NP Los Angeles )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (S (SBAR If (S (NP a bid )NP (VP *UNK (PP at (NP that price )NP )PP )VP )S )SBAR , (NP shareholders )NP (VP will (VP have (NP (NP every reason )NP (SBAR (S (VP to (VP be (ADJP *UNK )ADJP )VP )VP )S )SBAR )NP )VP )VP )S , but (S (NP (NP the question )NP (PP of (NP financing )NP )PP )NP (ADVP still )ADVP (VP remains )VP )S . '' )S  STOP
(S (NP Last April )NP , (NP (NP Mr. Drabinsky )NP and (NP (NP a group )NP (PP of (NP financial *UNK )NP )PP )NP )NP (VP planned (S (VP to (VP acquire (NP (NP (QP up to *UNKN )QP % )NP (PP of (NP Cineplex )NP )PP )NP (PP for (NP (NP C$ *UNKN )NP (NP a share )NP )NP )PP (PP from (NP Bronfman associates )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP Mr. Drabinsky )NP , (SBAR (WHNP who )WHNP (S (VP would (VP have (VP had (NP the right (S (VP to (VP vote (NP those shares )NP (PP for (NP two years )NP )PP )VP )VP )S )NP )VP )VP )VP )S )SBAR , )NP (VP said (SBAR (S (NP (NP the purchase )NP , (VP (ADVP *UNKLY )ADVP rejected (PP by (NP regulators )NP )PP )VP , )NP (VP was (VP aimed (PP at (S (VP *UNKING (NP (NP his control )NP (PP of (NP the company )NP )PP )NP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP MCA )NP (ADVP strongly )ADVP (VP opposed (NP (NP the Drabinsky group 's )NP move )NP )VP . )S  STOP
(S (NP The directors )NP (VP (VP did n't (VP indicate (NP (NP the source )NP (PP of (NP (NP financing )NP (PP for (NP (NP Mr. Drabinsky 's )NP new proposal )NP )PP )NP )PP )NP )VP )VP , but (VP said (SBAR (S (NP (NP MCA )NP and (NP the Bronfman associates )NP )NP (VP agreed (PP in (NP principle )NP )PP (S (VP to (VP (VP buy (PP for (NP (QP $ 57 million )QP )NP )PP )VP and (VP (ADVP then )ADVP lease (ADVP back )ADVP (PP to (NP Cineplex )NP )PP )VP (NP (NP its *UNK- theater complex )NP (PP in (NP (NP *UNKC City )NP , (NP Calif. )NP , )NP )PP )NP (SBAR if (S (NP Mr. Drabinsky )NP (VP succeeds (PP in (NP an offer )NP )PP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S `` (S (NP This )NP (VP is (VP being (VP done (UCP (PP at (NP (NP the suggestion )NP (PP of -LCB- (NP Mr. Drabinsky )NP -RCB- )PP )NP )PP and (S (VP to (VP accommodate (NP him )NP )VP )VP )S )UCP , (S (VP to (VP *UNK (NP his financing arrangements )NP )VP )VP )S )VP )VP )VP )S , '' (NP Ms. *UNKC )NP (VP said )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP the directors )NP (VP said (SBAR (S (SBAR if (S (NP (NP a bid )NP (PP by (NP Mr. Drabinsky )NP )PP )NP (VP is (ADJP successful )ADJP )VP )S )SBAR , (NP Cineplex )NP (VP expects (S (NP *UNKC *UNKC PLC )NP (VP to (VP (VP acquire (NP (NP the 51 % )NP (PP of (NP (NP Cineplex 's )NP *UNKC House unit )NP )PP (SBAR (S (NP it )NP (VP does n't (VP own )VP )VP )S )SBAR )NP )VP , and (VP provide (NP Mr. Drabinsky )NP (PP with (NP additional loan financing )NP )PP )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Michael *UNKC )NP , (NP (NP *UNKC 's )NP chief executive )NP , )NP (VP (VP said (SBAR (S (NP (NP the British theater chain 's )NP total involvement )NP `` (VP would n't (VP exceed (NP (QP $ 100 million )QP )NP )VP )VP '' )S )SBAR )VP but (VP declined (S (VP to (VP give (NP (NP a breakdown )NP (PP between (NP (NP the loan financing )NP and (NP the proposed *UNKC House purchase )NP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Cineplex shareholders )NP (VP responded (ADVP *UNKLY )ADVP (PP to (NP (NP yesterday 's )NP announcement )NP )PP )VP . )S  STOP
(S (PP In (NP (NP trading )NP (PP on (NP the New York Stock Exchange )NP )PP )NP )PP , (NP Cineplex )NP (VP closed (PP at (NP $ 11 )NP )PP , (ADVP down (NP 25 cents )NP )ADVP , (PP with (S (NP (QP more than a million )QP shares )NP (VP changing (NP hands )NP )VP )S )PP )VP . )S  STOP
(S (PP On (NP the Toronto Stock Exchange )NP )PP , (NP Cineplex )NP (VP closed (PP at (NP C$ *UNKN )NP )PP , (ADVP off (NP 37.5 Canadian cents )NP )ADVP , (PP well below (NP the (ADJP C$ *UNKN )ADJP level )NP )PP )VP . )S  STOP
(SINV `` (SBARQ (WHADVP Where )WHADVP (SQ 's (NP the bid )NP )SQ )SBARQ ? '' (VP asked )VP (NP (NP *UNKC *UNKC )NP , (NP (NP an analyst and broker )NP (PP with (NP Toronto securities dealer *UNKC St. Lawrence Ltd )NP )PP )NP )NP . )SINV  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (SBAR (S (NP he )NP (VP does n't (VP think (SBAR (S (NP Messrs. Drabinsky and *UNKC )NP (VP are (ADJP `` anywhere close '' (PP to (S (VP *UNKING (NP financing )NP )VP )S )PP )ADJP )VP )S )SBAR )VP )VP )S )SBAR and (SBAR that (S (NP investors )NP (VP will (VP need (NP a solid offer )NP (SBAR before (S (NP the stock )NP (VP begins (S (VP to (VP rise (ADVP again )ADVP )VP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP Mr. Drabinsky )NP (VP could n't (VP be (VP reached (PP for (NP comment )NP )PP )VP )VP )VP . )S  STOP
(S (NP Two (ADJP West German )ADJP chemical companies )NP (VP announced (NP (NP steps )NP (SBAR (WHNP that )WHNP (S (ADVP apparently )ADVP (VP are (VP designed (S (VP to (VP boost (NP (NP (NP the chemical industry 's )NP standing )NP (PP among (NP (NP environmental groups )NP and (NP the general public )NP )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Hoechst AG 's )NP Chairman *UNKC *UNKC )NP (VP said (SBAR (S (NP the company )NP (VP wants (S (VP to (VP have (NP (NP a substitute product )NP (SBAR (S (VP to (VP (ADVP completely )ADVP replace (NP *UNKING *UNK )NP (PP by (NP 1995 )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP April )NP )PP , (NP (NP Hoechst )NP , (NP (NP the largest producer )NP (PP of (NP CFCs )NP )PP (PP in (NP West Germany )NP )PP )NP , )NP (VP said (SBAR (S (NP it )NP (VP wanted (S (VP to (VP reduce (NP (NP production )NP (PP of (NP the product )NP )PP )NP (PP by (NP 50 % )NP )PP (PP by (NP 1993 )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP Hoechst )NP (VP will (VP invest (NP (NP (QP 50 million )QP marks )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP (PP in (NP a plant )NP )PP (S (VP to (VP make (NP (NP a substitute product )NP (SBAR (S (NP it )NP (VP has (VP developed )VP )VP )S )SBAR (SBAR (WHNP that )WHNP (S (NP it )NP (VP says (SBAR (S (VP is (ADJP *UNKED )ADJP )VP )S )SBAR )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP hopes (SBAR (S (NP (NP the new plant )NP , (ADJP likely (S (VP to (VP be (VP built (PP in (NP Frankfurt )NP )PP )VP )VP )VP )S )ADJP , )NP (VP will (VP be (ADJP able (S (VP to (VP produce (NP (NP 10,000 tons )NP (NP a year )NP )NP )VP )VP )S )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP This year )NP , (NP Hoechst )NP (VP will (VP produce (NP (NP (QP about *UNKN )QP tons )NP (PP of (NP CFCs )NP )PP )NP (PP in (NP (NP factories )NP (PP in (NP Frankfurt , Spain and Brazil )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP Of (NP (NP (NP Hoechst 's )NP (QP *UNKN billion )QP marks )NP (PP in (NP group sales )NP )PP (PP in (NP 1988 )NP )PP )NP )PP , (NP (NP (QP 200 million )QP marks )NP )NP (VP came (PP from (NP (NP sales )NP (PP of (NP CFCs )NP )PP )NP )PP )VP . )S  STOP
(S (ADVP Also )ADVP , (NP (NP *UNKC AG )NP , (NP another large chemicals company )NP , )NP (VP said (SBAR (S (NP it )NP (VP formed (NP (NP a separate division )NP (SBAR (WHNP that )WHNP (S (VP (VP will (VP study (NP (NP the environmental impact )NP (PP of (NP plastics )NP )PP )NP )VP )VP and (VP will (VP *UNK (NP (NP all possibilities )NP (PP of (S (VP *UNKING (NP plastics )NP )VP )S )PP )NP )VP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP George L. *UNKC )NP , (ADJP (NP 53 years )NP old )ADJP , (NP (NP senior vice president )NP (PP of (NP Texas Eastern Corp. )NP )PP )NP , )NP (VP was (VP elected (S (NP (NP a group vice president )NP (PP of (NP this *UNK- concern )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP succeeds (NP retiring Richard C. *UNKC )NP )VP )S )SBAR , )NP (VP will (VP be (ADJP responsible (PP for (NP (NP gas supply )NP , (NP regulatory affairs )NP , and (NP (NP marketing and transportation and exchange )NP (PP for (NP (NP *UNKC Eastern *UNKC Line Co. )NP , (NP *UNKC Gas Co. )NP , (NP Texas Eastern *UNKC Corp. )NP and (NP *UNKC Gas *UNKC Co )NP )NP )PP )NP )NP )PP )ADJP )VP )VP . )S  STOP
(S (NP (NP All )NP (PP of (NP the companies )NP )PP )NP (VP are (NP (NP units )NP (PP of (NP (NP *UNKC Eastern Corp. )NP , (SBAR (WHNP which )WHNP (S (VP acquired (NP Texas Eastern Corp. )NP (NP earlier this year )NP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC Coors Co. )NP (VP said (SBAR (S (NP its Coors Brewing Co. unit )NP (VP will (VP test market (NP (NP a new line )NP (PP of (NP *UNKED water )NP )PP )NP (PP in (NP the West )NP )PP (PP beginning (NP early next year )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The move )NP , (SBAR (WHNP which )WHNP (S (VP was (VP expected )VP )VP )S )SBAR , )NP (VP (VP marks (NP (NP the first time )NP (PP since (NP *UNKC )NP )PP (SBAR (WHADVP that )WHADVP (S (NP Coors )NP (VP has (VP sold (NP a *UNK- *UNK )NP )VP )VP )S )SBAR )NP )VP , and (VP marks (NP (NP (NP the company 's )NP entry )NP (PP into (NP (NP a (ADJP crowded , but *UNKING )ADJP market )NP (SBAR (WHNP that )WHNP (S (VP generated (NP (NP (QP about $ 2.2 billion )QP )NP (PP in (NP sales )NP )PP )NP (NP last year )NP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP Coors )NP (VP is (VP hoping (S (VP to (VP become (S (NP (NP one )NP (PP of (NP the first companies )NP )PP )NP (VP to (VP distribute (NP *UNKED water )NP (ADVP nationwide )ADVP )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP (NP *UNKC )NP , (VP sold (PP by (NP (NP (NP *UNKC Group )NP (PP of (NP America )NP )PP )NP , (NP (NP a unit )NP (PP of (NP (NP Source *UNKC S.A. )NP (PP of (NP Paris )NP )PP )NP )PP )NP )NP )PP )VP , )NP and (NP (NP *UNKC )NP , (VP sold (PP by (NP (NP a U.S. unit )NP (NP (NP *UNKC )NP (PP of (NP France )NP )PP )NP )NP )PP )VP , )NP )NP (VP (VP are (VP distributed (PP to (NP urban areas )NP )PP (ADVP nationally )ADVP )VP )VP , but (VP are (ADJP less available )ADJP (PP in (NP rural communities )NP )PP )VP )VP . )S  STOP
(S (NP (NP Coors )NP , (PP with (NP its large *UNK- network )NP )PP , )NP (VP could (VP *UNK (NP more markets )NP )VP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP the water )NP (VP (VP will (VP be (VP called (S (NP Coors *UNKC Mountain *UNKING Water )NP )S )VP )VP )VP and (VP will (VP come (PP from (NP (NP the same mountain spring )NP (PP as (NP (NP water )NP (VP used (PP in (NP Coors beer )NP )PP )VP )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP it )NP (VP (VP will (VP sell (NP the water )NP (S (UCP (ADJP plain )ADJP and (PP with (NP *UNK- and *UNK *UNK )NP )PP )UCP )S )VP )VP and (VP will (VP package (NP it )NP (PP in (NP (NP *UNK- *UNK )NP and (NP (NP 6.5 ounce *UNK )NP (PP as (NP (NP part )NP (PP of (NP *UNK- )NP )PP )NP )PP )NP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The test markets )NP , (SBAR though (S not (VP specified )VP )S )SBAR , (VP will (VP be (PP in (NP (NP (NP northern California )NP , (NP Arizona )NP and (NP Colorado )NP )NP , (NP (NP some )NP (PP of (NP the hottest *UNK- markets )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Some )NP (PP of (NP (NP America 's )NP biggest trading partners )NP )PP )NP (VP gave (NP a quick *UNK- )NP (PP to (NP a U.S. proposal (S (VP to (VP (VP *UNK (NP world trade )NP )VP and (VP reduce (NP *UNK- subsidies )NP )VP )VP )VP )S )NP )PP )VP . )S  STOP
(S (PP In (NP (NP Geneva )NP , (SBAR (WHADVP where )WHADVP (S (NP world trade talks )NP (VP are (VP being (VP held (PP under (NP (NP (NP the General *UNKC )NP (PP on (NP *UNKC and Trade )NP )PP )NP , or (NP *UNKC )NP )NP )PP )VP )VP )VP )S )SBAR )NP )PP , (NP the European Community )NP (VP called (S (NP the U.S. proposal )NP `` (NP (NP a step )NP (ADVP *UNK )ADVP )NP )S )VP . '' )S  STOP
(S And (NP (NP (NP Japan 's )NP minister )NP (PP of (NP *UNK , *UNK and *UNK )NP )PP )NP (VP told (NP (NP a committee )NP (PP of (NP (NP Japan 's )NP *UNK )NP )PP )NP (SBAR (SBAR that (S (NP (NP Washington 's )NP proposal )NP (VP was (ADJP *UNK )ADJP )VP )S )SBAR and (SBAR that (S (NP Tokyo )NP (VP would (VP continue (S (VP to (ADVP heavily )ADVP (VP *UNK (NP its rice farmers )NP )VP )VP )S )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP The U.S. )NP , (PP in (NP (NP a far-reaching plan )NP (VP submitted (PP to (NP the Geneva meeting )NP )PP (NP Tuesday )NP )VP )NP )PP , (VP proposed (S (VP (VP *UNKING (NP price support subsidies )NP (PP within (NP 10 years )NP )PP )VP and (VP eliminating (NP export subsidies )NP (PP within (NP five years )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP U.S. officials )NP (VP said (SBAR (S (NP the plan )NP (VP (VP was (ADJP flexible )ADJP )VP , and (VP was (VP intended (PP as (NP (NP a *UNK approach )NP (PP for (S (VP (ADVP gradually )ADVP removing (NP *UNKING subsidies )NP )VP )S )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP the EC )NP (VP reacted (ADVP *UNKLY )ADVP , (S (VP arguing (SBAR that (S (NP (NP the proposal 's )NP main aim )NP (VP is (S (VP to (VP destroy (NP (NP the *UNKC *UNKC *UNKC )NP , (NP (NP the EC 's )NP (ADJP $ 28 *UNK- )ADJP price support program )NP )NP )VP )VP )S )VP )S )SBAR )VP )S )VP . )S  STOP
(S `` (S (NP The American proposal )NP (VP is not (NP (NP an adequate basis )NP (PP for (NP *UNK )NP )PP )NP )VP )S , '' (NP the EC )NP (VP said (PP in (NP a statement )NP )PP )VP . )S  STOP
(S (NP EC officials )NP (VP say (SBAR (S (NP they )NP (VP are (VP *UNKED (SBAR that (S (NP the U.S. )NP (VP (VP has (VP set (NP a specific timetable )NP )VP )VP and (VP is (VP insisting (PP on (NP (NP (NP the `` *UNK '' )NP (PP of (NP export *UNK )NP )PP )NP , not (NP just reduction )NP )NP )PP )VP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP EC Agriculture *UNKC Ray *UNKC )NP (VP said (SBAR (S (NP the U.S. plan )NP (VP `` calls (PP into (NP question )NP )PP '' (NP (NP the agreement )NP (VP reached (PP by (NP world negotiators )NP )PP (NP last April )NP (PP in (NP Geneva )NP )PP )VP (VP seeking `` (NP (NP substantial *UNK reductions )NP (PP in (NP agricultural support and protection )NP )PP )NP )VP )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP U.S. *UNKC Trade *UNKC *UNKC Katz )NP (VP replied (SBAR that (S (NP the proposal )NP (VP was (ADJP entirely consistent (PP with (NP the April accord )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP he )NP (VP was (VP surprised (PP by (NP (NP the EC 's )NP reaction )NP )PP )VP )VP )S )SBAR , (S (VP calling (S (NP it )NP `` (ADJP (ADJP *UNK )ADJP , (ADJP even *UNK )ADJP )ADJP )S )VP )S )VP . '' )S  STOP
(S (NP The U.S. proposal )NP (ADVP also )ADVP (VP was (VP criticized (PP by (NP (NP *UNKING developing countries )NP , (SBAR (WHNP who )WHNP (S (VP said (SBAR that (S (NP the U.S. )NP (VP made (NP (NP no special *UNK )NP (PP for (NP poor nations )NP )PP )NP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (SBAR While (S (NP many experts )NP (VP argue (SBAR that (S (NP *UNKING nations )NP (VP would (ADVP eventually )ADVP (VP become (ADJP *UNK- )ADJP (PP in (NP a free-market system )NP )PP )VP )VP )S )SBAR )VP )S )SBAR , (NP the *UNK nations )NP (VP are (ADJP likely (S (VP to (VP need (NP help )NP (PP in (NP the meantime )NP )PP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP *UNKC Katz )NP (VP said (SBAR (S (NP the U.S. )NP (VP was (ADJP open (PP to (S (VP discussing (NP (NP particular problems )NP (PP of (NP developing countries )NP )PP )NP )VP )S )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP The U.S. administration )NP (VP said (SBAR (S (NP its plan )NP (VP would (VP allow (NP (NP considerable flexibility )NP (PP in (S (VP *UNKING (SBAR (WHADVP how and when )WHADVP (S (NP the *UNK- goals )NP (VP would (VP be (VP achieved )VP )VP )VP )S )SBAR )VP )S )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The U.S. )NP (VP argues (SBAR that (S (NP its plan )NP (VP would (VP ease (NP (NP the transition )NP (PP to (NP *UNK agriculture trade )NP )PP )NP (PP by (S (VP *UNKING (NP certain *UNK- barriers )NP (PP into (NP (NP tariffs )NP (SBAR (WHNP that )WHNP (S , (ADVP together (PP with (NP existing tariffs )NP )PP )ADVP , (ADVP then )ADVP (VP would (VP be (VP *UNKED (PRT out )PRT (PP over (NP 10 years )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP the EC )NP (VP is (VP (ADVP strongly )ADVP opposed (PP to (S (VP converting (NP agricultural supports )NP (PP into (NP tariffs )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S (NP The new U.S. package )NP (ADVP also )ADVP (VP says (SBAR (S (NP countries )NP (VP could (ADVP temporarily )ADVP (VP raise (NP (NP tariffs )NP (PP on (NP certain products )NP )PP )NP (SBAR if (S (NP they )NP (VP experience (NP (NP an (ADJP unusually heavy )ADJP volume )NP (PP of (NP imports )NP )PP )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP would (VP establish (NP (NP procedures )NP (SBAR (S (VP to (VP prevent (NP countries )NP (PP from (S (VP using (NP health and *UNK rules )NP (S (VP to (VP *UNK (NP trade )NP (ADVP *UNKLY )ADVP )VP )VP )S )VP )S )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (S (VP *UNKING (S (VP to (VP *UNK (NP European concerns )NP )VP )VP )S )VP )S , (NP U.S. Agriculture Secretary *UNKC *UNKC )NP (VP said (PP in (NP Washington )NP )PP (SBAR that (S (NP the new U.S. plan )NP (VP (VP would n't `` (VP put (NP farmers )NP (PP out (PP of (NP business )NP )PP )PP )VP '' )VP but (VP would (VP encourage (S (NP them )NP (VP to `` (VP grow (SBAR (WHNP what )WHNP (S (NP the markets )NP (VP desire )VP )S )SBAR (PP instead of (SBAR (WHNP what )WHNP (S (NP the government )NP (VP wants )VP )S )SBAR )PP )VP )VP )S )VP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP The EC )NP , (PP with (NP (NP a population )NP (PP of (NP (QP *UNKN million )QP )NP )PP )NP )PP , )NP (VP has (NP (QP 8.5 million )QP farmers )NP , (SBAR while (S (NP (NP the U.S. )NP , (PP with (NP (NP a population )NP (PP of (NP (QP about *UNKN million )QP )NP )PP )NP )PP , )NP (VP has (NP (QP only two million )QP farmers )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP Japan 's )NP objections )NP (PP to (NP the U.S. plan )NP )PP )NP (VP center (PP around (NP its desire (S (VP to (VP stay (ADJP *UNK- (PP in (NP (NP rice )NP , (NP a *UNK food )NP , )NP )PP )ADJP (SBAR even though (S (NP foreign producers )NP (VP are (ADJP (ADVP far more )ADVP efficient )ADJP )VP )S )SBAR )VP )VP )S )NP )PP )VP . )S  STOP
(S (NP Bell Atlantic Corp. )NP (VP said (SBAR (S (NP it )NP (VP agreed (ADVP *UNKLY )ADVP (S (VP to (VP acquire (NP (NP one )NP (PP of (NP (NP Control Data Corp. 's )NP *UNK- businesses )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Terms )NP (PP of (NP the accord )NP )PP )NP (VP were n't (VP disclosed )VP )VP . )S  STOP
(S (NP (NP Control Data 's )NP *UNK- maintenance unit )NP (VP services (NP (NP products )NP (VP (ADVP primarily )ADVP made (PP by (NP (NP Digital Equipment Corp. )NP and (NP International Business Machines Corp )NP )NP )PP )VP )NP )VP . )S  STOP
(S (NP The unit )NP (VP (VP has (NP 6,000 customers )NP )VP and (VP (PRN , (PP according (PP to (NP one analyst )NP )PP )PP , )PRN had (NP (NP 1988 revenue )NP (PP of (NP (QP about $ 85 million )QP )NP )PP )NP )VP )VP . )S  STOP
(S (PP Under (NP (NP the agreement )NP , (SBAR (WHNP which )WHNP (S (VP had (VP been (VP (ADVP widely )ADVP expected )VP )VP )VP )S )SBAR , )NP )PP (NP Bell Atlantic )NP (VP would (VP be (VP buying (NP (NP (NP Control Data 's )NP customer base )NP and (NP (NP its (QP approximately 100 )QP U.S. maintenance facilities )NP (PP in (NP (QP about 33 )QP cities )NP )PP )NP )NP )VP )VP )VP . )S  STOP
(S (ADVP However )ADVP , (NP Control Data )NP (VP would (VP continue (S (VP to (VP provide (NP maintenance services )NP (PP for (NP (NP customers )NP (PP of (NP its *UNKC product line )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP The unit )NP (VP represents (NP (NP a small portion )NP (PP of (NP (NP (NP *UNKED Control Data 's )NP overall *UNKING business )NP , (SBAR (WHNP which )WHNP (S (NP last year )NP (VP posted (NP (NP sales )NP (PP of (NP (QP about $ 400 million )QP )NP )PP )NP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP Earlier this year )NP , (NP the company )NP (VP sold (NP (NP a similar unit )NP (PP in (NP Europe )NP )PP )NP (PP for (NP (QP about $ 25 million )QP )NP )PP )VP . )S  STOP
(S (NP (NP Lawrence Perlman )NP , (NP (NP Control Data 's )NP (NX (NX president )NX and (NX chief operating officer )NX )NX )NP , )NP (VP said (SBAR (S (NP the maintenance business )NP (ADVP no longer )ADVP (VP fits (PP into (NP (NP the company 's )NP `` strategy (S (VP to (VP be (NP a data solutions company )NP )VP )VP )S )NP )PP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP Thomas *UNKC )NP , (NP (NP president )NP (PP of (NP (NP Bell Atlantic 's )NP customer services division )NP )PP )NP , )NP (VP said (SBAR (S (NP the acquisition )NP (VP would (VP give (NP (NP the company 's )NP *UNKC *UNK- unit )NP (NP (NP added expertise )NP (PP in `` (NP the (ADJP increasingly sophisticated )ADJP *UNK and *UNK- mainframe technologies )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Two recent decisions )NP (PP by (NP federal courts )NP )PP )NP (VP cast (NP judges )NP (PP in (NP (NP the odd role )NP (PP of (S (VP telling (NP authors )NP (SBAR (WHADVP how )WHADVP (S (NP they )NP (VP should (VP write (NP history and *UNK )NP )VP )VP )S )SBAR )VP )S )PP )NP )PP )VP . )S  STOP
(S (NP These decisions )NP (VP *UNK (NP (NP more attention )NP (SBAR than (S (NP they )NP (VP have (VP received (PP (PP from (NP *UNK )NP )PP , and (PP from (NP journalists )NP )PP (ADVP as well )ADVP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Russell Miller 's )NP `` (NX (NP *UNKED *UNKC )NP : (NP (NP The *UNKC *UNKC )NP (PP of (NP L. Ron *UNKC )NP )PP )NP )NX '' )NP (VP is (NP (NP a *UNK )NP (PP of (NP (NP the founder )NP (PP of (NP (NP the Church )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP died (PP in (NP 1986 )NP )PP )VP )S )SBAR , )NP (VP *UNKED (NP (NP the *UNK )NP (PP on (NP his *UNK )NP )PP )NP (PP to (NP (NP his church )NP , (SBAR (WHNP which )WHNP (S (VP licensed (NP them )NP (PP to (NP (NP New *UNKC *UNKC )NP , (NP a *UNKC corporation )NP )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP In (NP 1988 )NP )PP (NP New *UNKC )NP (VP sought (NP a permanent injunction )NP (S (VP to (VP *UNK (NP Henry *UNKC & Co. )NP (PP from (S (VP publishing `` (NP *UNKED *UNKC )NP '' )VP )S )PP (PP on (NP the ground (SBAR that (S (NP (NP (NP Mr. Miller 's )NP quotations )NP (PP from (NP Mr. *UNKC )NP )PP )NP (VP *UNKED (NP the *UNK )NP )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The publisher )NP (VP argued (PP in (NP response )NP )PP (SBAR that (S (NP the `` fair use '' statute )NP (VP permits (NP (NP *UNK )NP `` (PP for (NP (NP purposes )NP (PP such as (NP (NP criticism )NP , (NP comment )NP , (NP news reporting )NP , (NP *UNKING )NP , ... (NP *UNK )NP , or (NP research )NP )NP )PP )NP )PP )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP District Court Judge *UNKC *UNKC )NP (VP denied (NP the injunction )NP (PP on (NP (NP the ground (SBAR that (S (NP New *UNKC )NP (VP had (VP failed (S (VP to (VP make (NP its claim )NP (PP within (NP a reasonable time )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP -- (NP (NP the *UNK )NP (SBAR (S (NP lawyers )NP (VP call (S `` (NP *UNK )NP )S )VP )S )SBAR )NP )NP )PP )VP . '' )S  STOP
(S (PP As (PP for (NP the *UNK )NP )PP )PP , (NP Judge *UNKC )NP (VP said (SBAR that (S (NP Mr. Miller )NP (VP had (VP written `` (NP (NP a serious book )NP (PP of (NP responsible historical criticism )NP )PP )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP *UNKC *UNK )NP (PRN , (S (NP the judge )NP (VP believed )VP )S , )PRN (VP was (VP justified (SBAR in order (S (VP to (VP prove (NP (NP (NP points )NP (SBAR (S (NP the author )NP (VP had (VP asserted (PP about (NP Mr. *UNKC )NP )PP )VP )VP )S )SBAR )NP -- (NP (NP *UNK )NP , (NP *UNK )NP , (NP *UNK )NP and (NP (NP other *UNKLY *UNK )NP (SBAR (WHNP that )WHNP (S (VP could not (VP be (ADVP *UNKLY )ADVP (VP *UNKED (PP without (NP (NP use )NP (PP of (NP (NP Mr. *UNKC 's )NP own words )NP )PP )NP )PP )VP )VP )VP )S )SBAR )NP )NP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S `` (NP The *UNK )NP (PRN , '' (S (NP Judge *UNKC )NP (VP wrote )VP )S , `` )PRN (VP should not (VP be (VP required (ADVP simply )ADVP (S (VP to (VP *UNK ... (NP *UNK )NP (PP without (S (VP *UNKING (NP them )NP (PP by (NP example )NP )PP )VP )S )PP )VP )VP )S )VP )VP )VP . )S  STOP
(S '' (PP In (NP such circumstances )NP )PP , (NP *UNK- interests )NP (VP *UNKED (NP (NP the interests )NP (PP of (NP the copyright owner )NP )PP )NP )VP . )S  STOP
(S But (NP Judge *UNKC )NP (VP felt (ADJP *UNKED (PP by (NP (NP an earlier decision )NP (PP of (NP the Second Circuit Court )NP )PP (VP *UNKING (S (NP (NP a *UNK )NP (PP of (NP *UNKC *UNKC )NP )PP )NP (VP to (VP *UNK (PP from (NP (NP Mr. *UNKC 's )NP personal letters )NP )PP )VP )VP )S )VP )NP )PP )ADJP )VP . )S  STOP
(S (S (NP He )NP (VP *UNKED (NP the two cases )NP )VP )S : (S (PP In (NP *UNKC )NP )PP (PRN , (S (NP Judge Leval )NP (VP noted )VP )S , )PRN (NP the quotations )NP (VP were (PP for (NP (NP the purpose )NP (PP (PP of (S (VP *UNKING (NP the *UNK )NP )VP )S )PP (CONJP rather than )CONJP (PP of (S (VP *UNKING (NP (NP points )NP (PP about (NP the subject )NP )PP )NP )VP )S )PP )PP )NP )PP )VP )S . )S  STOP
(S (ADVP Still )ADVP (NP the *UNKC decision )NP (VP created (NP (NP a strong *UNK )NP (PP against (NP (NP fair use )NP (PP of (NP *UNKED materials )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Judge Leval )NP (VP (ADVP *UNKLY )ADVP concluded (SBAR that (S (NP (NP a few )NP (PP of (NP (NP (NP Mr. Miller 's )NP quotations )NP (PP from (NP (NP Mr. *UNKC 's )NP *UNKED *UNK )NP )PP )NP )PP )NP , (SBAR because (S (NP they )NP (VP were not (ADJP necessary (S (VP to (VP prove (NP historical points )NP )VP )VP )S )ADJP )VP )S )SBAR , (VP (VP failed (NP the *UNK- test )NP )VP and (ADVP therefore )ADVP (VP *UNKED (NP copyright )NP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP the proper *UNK )NP (PRN , (S (NP Judge Leval )NP (VP said )VP )S , )PRN (VP lay (PP (PP in (NP (NP a suit )NP (PP for (NP damages )NP )PP )NP )PP , not (PP in (NP an injunction )NP )PP )PP )VP . )S  STOP
(S (NP The case )NP (VP went (PP on (NP appeal )NP )PP (PP to (NP the Second Circuit )NP )PP )VP . )S  STOP
(S (PP In (NP (NP a decision )NP (PP in (NP (NP April )NP (PP of (NP this year )NP )PP )NP )PP )NP )PP , (NP Judge Roger *UNKC )NP , (S (VP joined (PP by (NP Judge Frank *UNKC )NP )PP )VP )S , (VP (VP agreed (PP on (S (VP (VP *UNKING (NP the injunction )NP )VP and (VP did not (VP doubt (SBAR that (S `` (NP *UNKED *UNKC )NP '' (VP was (NP a serious work )NP )VP )S )SBAR )VP )VP )VP )S )PP )VP but (VP rejected (NP (NP Judge Leval 's )NP argument (SBAR that (S (NP (NP the public interest )NP (PP in (NP *UNK )NP )PP )NP (VP could (VP *UNK (NP (NP the *UNK )NP (PP of (NP copyright )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S `` (NP We )NP (VP conclude (PRN , '' (S (NP the two judges )NP (VP wrote )VP )S , )PRN `` (SBAR that (S (NP *UNK )NP (VP is (NP (NP the sole bar )NP (PP to (NP (NP the issuance )NP (PP of (NP an injunction )NP )PP )NP )PP )NP )VP )S )SBAR )VP . '' )S  STOP
(S (SBAR (SINV *UNKC (NP the suit )NP (VP been (VP filed (PP in (NP time )NP )PP )VP )VP )SINV )SBAR (PRN , (S (NP they )NP (VP said )VP )S , )PRN `` (NP *UNKED *UNKC )NP '' (VP would (VP have (VP been (VP *UNKED )VP )VP )VP )VP . )S  STOP
(S (NP This )NP (VP was (NP too much )NP (PP for (NP (NP James *UNKC )NP , (NP (NP the court 's )NP chief judge )NP )NP )PP )VP . )S  STOP
(S (PP In (NP a powerful separate opinion )NP )PP , (NP Judge *UNKC )NP (VP (ADVP further )ADVP *UNKED (NP the Salinger case )NP (PP by (S (VP *UNKING (PRT out )PRT (SBAR that (S (NP (NP a living person )NP , (PP like (NP Mr. Salinger )NP )PP , )NP (VP had (NP (NP *UNK rights )NP (SBAR (WHNP that )WHNP (S (VP did not (VP apply (PP to (NP (NP a dead man )NP , (PP like (NP Mr. Hubbard )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )S )PP )VP . )S  STOP
(S `` (NP I )NP (VP thought (SBAR that (S (NP Salinger )NP (VP might (PP by (S (VP being (VP taken (PP in (NP another *UNK context )NP )PP )VP )VP )S )PP (VP come (ADVP back )ADVP (S (VP to (VP *UNK (NP us )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP This case )NP (VP *UNK (NP that concern )NP )VP . '' )S  STOP
(S (NP (NP *UNKC )NP (PP by (NP (NP the Second Circuit )NP (NP itself )NP )NP )PP )NP (PRN , (S (NP Judge *UNKC )NP (VP continued )VP )S , )PRN (VP had (VP recognized (SBAR that (S (NP (NP (NP public interest )NP (PP in (NP the subject matter )NP )PP )NP and (NP (NP the *UNK )NP (PP in (NP particular cases )NP )PP (PP of (NP *UNK quotations )NP )PP )NP )NP (VP are (NP (NP vital components )NP (PP of (NP fair use )NP )PP )NP )VP )S )SBAR )VP )VP . )S  STOP
(FRAG And (NP (NP the injunction )NP (SBAR (S (NP *UNKC *UNKC and *UNKC )NP (VP would (ADVP so readily )ADVP (VP have (VP granted )VP )VP )VP )S )SBAR )NP (SBAR (SINV had (NP New *UNKC )NP (VP sued (PP in (NP time )NP )PP )VP )SINV )SBAR ? )FRAG  STOP
(S (NP (NP *UNKC )NP (PP of (NP the book )NP )PP )NP (PRN , (S (NP Judge *UNKC )NP (VP observed )VP )S , )PRN (VP would (VP (VP operate (PP as (NP a prior *UNK )NP )PP )VP and (ADVP thus )ADVP (VP involve (NP the First Amendment )NP )VP )VP )VP . )S  STOP
(S (ADVP Moreover )ADVP (PRN , and (S (ADVP here )ADVP (NP Judge *UNKC )NP (VP went (PP to (NP (NP the heart )NP (PP of (NP the question )NP )PP )NP )PP )VP )S , )PRN `` (NP *UNKC *UNK and *UNK )NP (VP (ADVP constantly )ADVP use (NP (NP primary sources )NP , (NP letters )NP , (NP *UNK )NP , and (NP *UNK )NP )NP )VP . )S  STOP
(S (ADVP Indeed )ADVP , (NP (NP it )NP )NP (VP would (VP be (ADJP irresponsible )ADJP (S (VP to (VP ignore (NP (NP such sources )NP (PP of (NP information )NP )PP )NP )VP )VP )S )VP )VP . '' )S  STOP
(S (ADVP Now )ADVP , (NP *UNK )NP (PP in (S (VP *UNKING (NP their responsibility )NP )VP )S )PP (VP do not (VP claim (NP the right (S (VP to (VP *UNK (NP (NP every collection )NP (PP of (NP papers )NP )PP (SBAR (WHNP that )WHNP (S (VP bears (PP upon (NP (NP their *UNK )NP (PP of (NP investigation )NP )PP )NP )PP )VP )S )SBAR )NP )VP )VP )S )NP )VP )VP . )S  STOP
(S And (PP of (NP course )NP )PP (NP they )NP (VP agree (SBAR that (S (NP people )NP (VP can (VP impose (NP restrictions )NP (PP on (NP (NP the use )NP (PP of (NP (NP their papers )NP , (UCP whether (PP in (NP their own *UNK )NP )PP or (SBAR as (S (VP donated or sold (PP to (NP *UNK )NP )PP )VP )S )SBAR )UCP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S But (PP in (NP the `` *UNKED *UNKC '' case )NP )PP (NP the author )NP (VP found (NP (NP most )NP (PP of (NP his material )NP )PP )NP (PP (PP in (NP court records )NP )PP or (PP via (NP the (NAC *UNKC (PP of (NP Information )NP )PP )NAC Act )NP )PP )PP )VP . )S  STOP
(S And (SBAR (WHADVP when )WHADVP (S (NP responsible *UNK )NP (VP gain (NP (NP legitimate access )NP (PP to (NP *UNKED materials )NP )PP )NP )VP )S )SBAR , (NP copyright )NP (VP should not (VP be (VP permitted (S (VP to (VP deny (NP them )NP (NP (NP use )NP (PP of (NP (NP quotations )NP (SBAR (WHNP that )WHNP (S (VP help (S (VP to (VP establish (NP historical points )NP )VP )VP )S )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP *UNKC *UNKC and Leval )NP (VP understand (NP (NP the requirements )NP (PP of (NP historical *UNK )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC *UNKC and *UNKC )NP (VP do not (VP appear (S (VP to (VP have (NP a *UNK )NP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP Yet )ADVP (PP at (NP the moment )NP )PP (NP they )NP (VP are (NP (NP the judges )NP (SBAR (WHNP who )WHNP (S (VP are (VP making (NP the law )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (SBAR As (S (NP matters )NP (VP stand )VP )S )SBAR , (NP the Salinger ruling )NP , (S (VP (VP *UNK (PP from (NP context )NP )PP )VP and (VP (ADVP broadly )ADVP *UNKED )VP )VP )S , (VP is (VP controlling )VP )VP . )S  STOP
(S (SBAR If (S (NP an author )NP (VP quotes `` (NP (NP (ADJP (ADVP more than )ADVP minimal )ADJP amounts )NP '' (PP of (NP *UNKED *UNKED materials )NP )PP )NP )VP )S )SBAR , (SBAR as (S (NP the Salinger decision )NP (VP had (NP it )NP )VP )S )SBAR , `` (NP he )NP (VP *UNK (S (VP to (VP be (VP *UNKED )VP )VP )VP )S )VP . '' )S  STOP
(S (S (NP The courts )NP (VP have not (VP defined `` (NP minimal amounts )NP )VP )VP )S , '' but (S (NP publishers )NP (PRN , (S (NP I )NP (VP understand )VP )S , )PRN (VP take (S (NP it )NP (VP to (VP mean (NP (QP about 50 )QP words )NP )VP )VP )S )VP )S . )S  STOP
(S (NP The `` *UNKED *UNKC '' decision )NP (VP strikes (NP (NP a blow )NP (PP against (NP the whole historical *UNK )NP )PP )NP )VP . )S  STOP
(S (NP (NP A second decision )NP , (VP handed (PRT down )PRT (PP in (NP August )NP )PP (PP by (NP (NP the Court )NP (PP of (NP Appeals )NP )PP (PP for (NP the *UNKC Circuit )NP )PP )NP )PP )VP , )NP (VP is (NP (NP another blow )NP (PP against (NP *UNK )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC Malcolm )NP , (NP (NP a professional writer )NP (PP on (NP *UNK matters )NP )PP )NP , )NP (VP wrote (NP (NP a series )NP (PP of (NP articles )NP )PP (PP for (NP the New *UNKC )NP )PP , (VP (ADVP later )ADVP published (PP in (NP book form )NP )PP (PP by (NP *UNKC )NP )PP (PP under (NP (NP the title )NP `` (PP In (NP the *UNKC *UNKC )NP )PP )NP )PP )VP )NP )VP . '' )S  STOP
(S (NP The articles )NP (VP were (ADVP largely )ADVP (VP based (PP on (NP (NP interviews )NP (SBAR (S (NP Ms. Malcolm )NP (VP had (VP taped (PP with (NP (NP Jeffrey *UNKC )NP , (NP (NP a *UNK )NP (SBAR (WHNP who )WHNP (S (VP had (VP served (PP as (NP (NP projects director )NP (PP of (NP the *UNKC *UNKC )NP )PP )NP )PP )VP )VP )S )SBAR )NP )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP Mr. Masson )NP (ADVP then )ADVP (VP brought (NP a *UNK suit )NP (PP against (NP (NP Ms. Malcolm )NP , (NP the New *UNKC )NP and (NP *UNKC )NP )NP )PP )VP . )S  STOP
(S (S (PP As (NP a public figure )NP )PP , (NP Mr. Masson )NP (VP had (S (VP to (VP prove (NP *UNK )NP )VP )VP )S )VP )S and , (S (PP as (NP (NP proof )NP (PP of (NP *UNK )NP )PP )NP )PP , (NP Mr. Masson )NP (VP contended (SBAR that (S (NP (NP *UNK quotations )NP (VP *UNKED (PP to (NP him )NP )PP (PP by (NP Ms. Malcolm )NP )PP )VP )NP (VP were (PP in (NP fact )NP )PP (VP *UNKED )VP )VP )S )SBAR )VP )S . )S  STOP
(S (S (NP The quotes )NP (VP could not (VP be (VP found (PP on (NP the *UNK )NP )PP )VP )VP )VP )S , and (S (NP (NP the two judges )NP (SBAR (WHNP who )WHNP (S (VP decided (NP the case )NP (PP for (NP (NP Ms. Malcolm )NP and (NP her publishers )NP )NP )PP )VP )S )SBAR )NP (VP conceded (SBAR that , (S (PP for (NP (NP the purpose )NP (PP of (NP their decision )NP )PP )NP )PP , `` (NP we )NP (VP assume (SBAR (S (NP the quotations )NP (VP were (ADVP deliberately )ADVP (VP altered )VP )VP )S )SBAR )VP )S )SBAR )VP )S . '' )S  STOP
(S (PP For (NP (NP all *UNK )NP and (NP most journalists )NP )NP )PP , (NP this *UNK )NP (VP would (VP have (VP been (ADJP sufficient (S (VP to (VP *UNK (NP the Malcolm articles )NP )VP )VP )S )ADJP )VP )VP )VP . )S  STOP
(S But (NP (NP Judge Arthur *UNKC )NP , (VP joined (PP by (NP Judge *UNKC *UNKC Hall )NP )PP )VP , )NP (VP took (NP the *UNKING position (SBAR that (S (NP (NP it )NP )NP (VP is (ADJP perfectly OK )ADJP (S (VP to (VP *UNK (NP quotations )NP (SBAR so long as (S (NP a judge )NP (VP finds (SBAR that (S (NP the *UNK )NP (VP (VP do not (VP alter (NP *UNK content )NP )VP )VP or (VP are (NP (NP *UNK *UNK )NP (PP of (NP *UNK remarks )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (NP his *UNK *UNK )NP )PP , (NP Judge Alex *UNKC )NP (VP observed (SBAR that (S (SBAR (WHADVP when )WHADVP (S (NP a writer )NP (VP uses (NP *UNK marks )NP (PP in (S (VP reporting (SBAR (WHNP what )WHNP (S (NP someone )NP (VP has (VP said )VP )VP )S )SBAR )VP )S )PP )VP )S )SBAR , (NP the *UNK )NP (VP assumes (SBAR that (S (NP these )NP (VP are (NP (NP (NP the speaker 's )NP precise words )NP or (ADVP at least )ADVP (NP (NP his words )NP (VP *UNKED (PP of (UCP `` (INTJ *UNK )INTJ '' and `` (S (NP you )NP (VP know )VP )S '' and (NP *UNK error )NP )UCP )PP )VP )NP )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (SBAR While (S (NP judges )NP (VP have (NP (NP an obligation )NP (PP under (NP the First Amendment )NP )PP (S (VP to (VP *UNK (NP (NP freedom )NP (PP of (NP the press )NP )PP )NP )VP )VP )S )NP )VP )S )SBAR , `` (NP the right (S (VP to (ADVP deliberately )ADVP (VP alter (NP quotations )NP )VP )VP )S )NP (VP is not (PRN , (PP in (NP my view )NP )PP , )PRN (NP (NP a *UNK )NP (PP of (NP a free press )NP )PP )NP )VP . '' )S  STOP
(S (NP Ms. Malcolm )NP , (PP for (NP example )NP )PP , (VP wrote (SBAR that (S (NP Mr. Masson )NP (VP described (NP himself )NP (PP as `` (NP (NP the greatest analyst )NP (SBAR (WHNP who )WHNP (S (ADVP ever )ADVP (VP lived )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . '' )S  STOP
(S (NP No such statement )NP (VP appears (PP on (NP the tapes )NP )PP )VP . )S  STOP
(S (NP The majority )NP (VP cited (NP (NP (NP Mr. Masson 's )NP *UNK )NP `` (S (NP It )NP (VP 's (NP (NP me )NP (ADVP alone )ADVP ... (PP against (NP (NP the rest )NP (PP of (NP the *UNK world )NP )PP )NP )PP )NP )VP )S '' )NP (PP as (NP (NP warrant )NP (PP for (NP the Malcolm *UNK )NP )PP )NP )PP )VP . )S  STOP
(S But , (SBAR as (S (NP Judge *UNKC )NP (VP noted )VP )S )SBAR , (NP the context )NP (VP shows (SBAR that (S (NP (NP Mr. Masson 's )NP `` me alone '' *UNK )NP (VP referred (PP not (PP to (NP (NP his alleged *UNK- )NP (PP in (NP his *UNK )NP )PP )NP )PP but (PP to (NP the fact (SBAR that (S (NP (NP his position )NP (PP on (NP a particular issue )NP )PP )NP (VP was not (VP shared (PP by (NP anyone else )NP )PP )VP )VP )S )SBAR )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Ms. Malcolm )NP (VP had (S (NP Mr. Masson )NP (VP describing (NP himself )NP (PP as `` (NP an intellectual *UNK )NP )PP )VP )S )VP . '' )S  STOP
(S (ADVP *UNKC )ADVP , (NP no such statement )NP (VP appears (PP on (NP the tapes )NP )PP )VP . )S  STOP
(S (NP The majority decision )NP (VP contended (SBAR (SBAR that (S (NP the *UNK )NP (VP was (NP (NP a rational interpretation )NP (PP of (NP (NP (NP Mr. Masson 's )NP *UNK )NP (PP of (NP himself )NP )PP (PP as (NP (NP a `` private asset )NP but (NP a public liability )NP '' )NP )PP (PP to (NP *UNKC *UNKC )NP )PP )NP )PP )NP )VP )S )SBAR and (SBAR that (S (PP in (NP any case )NP )PP (NP it )NP (VP was not (ADJP *UNK )ADJP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP Judge *UNKC )NP (VP (VP found (S (NP the *UNK )NP (VP (ADVP entirely )ADVP *UNKED )VP )S )VP and (VP writes (SBAR that `` (S (SBAR for (S (NP an academic )NP (VP to (VP *UNK (PP to (NP himself )NP )PP (PP as (NP an intellectual *UNK )NP )PP )VP )VP )S )SBAR (VP is ... (NP (NP a devastating *UNK )NP (PP of (NP professional *UNK )NP )PP )NP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP These )NP (VP were (NP (NP (QP only two )QP )NP (PP of (NP (NP a series )NP (PP of (NP (NP *UNK )NP (SBAR (WHNP that )WHNP (S (VP had (PRN , (PP in (NP (NP Judge *UNKC 's )NP words )NP )PP , )PRN (NP (NP the cumulative effect )NP (PP of (S (VP making (S (NP Mr. Masson )NP `` (VP appear (UCP (ADJP more *UNK )ADJP , (ADJP less sensitive )ADJP , (ADJP *UNK )ADJP , (ADJP more *UNKING )ADJP , and (PP (PP (ADVP less )ADVP in (NP (NP touch )NP (PP with (NP reality )NP )PP )NP )PP (SBAR than (S (NP he )NP (VP appears (PP from (NP his own statements )NP )PP )VP )S )SBAR )PP )UCP )VP )S )VP )S )PP )NP )VP )S )SBAR )NP )PP )NP )PP )NP )VP . '' )S  STOP
(S (SBAR As (S (NP Robert *UNKC )NP (VP wrote (PP in (NP (NP a review )NP (PP of (NP (NP Ms. Malcolm 's )NP book )NP )PP )NP )PP )VP )S )SBAR , (NP Mr. Masson )NP (VP *UNK `` (PP as (NP (NP a *UNK *UNK )NP ... and (PRN , (PP in (NP the end )NP )PP , )PRN (NP a *UNK- *UNK )NP )NP )PP )VP . )S  STOP
(S (S But (NP it )NP (VP is not (NP *UNKC Malcolm )NP (SBAR (WHNP who )WHNP (S (VP calls (S (NP him )NP (NP such )NP )S )VP )S )SBAR )VP )S : (S (NP his own words )NP (VP reveal (NP this psychological profile )NP )VP )S . '' )S  STOP
(S (NP We )NP (ADVP now )ADVP (VP know (SBAR that (S (NP the words )NP (VP were not (ADVP always )ADVP (NP his own )NP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP There )NP (VP is (NP (NP one *UNKED rule )NP (PP of (NP *UNK )NP )PP )NP )VP )S , '' (NP John *UNKC )NP (VP has (VP said )VP )VP . )S  STOP
(S `` (NP The writer )NP (VP must not (VP *UNK )VP )VP . '' )S  STOP
(S (SBAR (SINV Should (NP (NP the green light )NP (SBAR (S (NP *UNKC *UNKC and Hall )NP (VP have (VP given (PP to (NP (NP the *UNK )NP (PP of (NP quotations )NP )PP )NP )PP )VP )VP )S )SBAR )NP (VP become (NP standard practice )NP )VP )SINV )SBAR , (NP it )NP (VP will (VP (ADVP notably )ADVP reduce (NP (NP the value )NP (PP of (NP *UNK )NP )PP (PP (PP for (NP *UNK )NP )PP -- and (PP for (NP citizens )NP )PP )PP )NP )VP )VP . )S  STOP
(S (SBAR As (S (NP Judge *UNKC )NP (VP put (NP it )NP )VP )S )SBAR : `` (S (VP To (VP *UNK (NP the right (S (VP to (VP (ADVP deliberately )ADVP *UNK (SBAR (WHNP what )WHNP (S (NP (NP someone )NP (ADJP else )ADJP )NP (VP has (VP said )VP )VP )S )SBAR )VP )VP )S )NP )VP )VP )S (VP is (S (VP to (VP *UNK (NP the right (S (VP to (VP lie (PP in (NP print )NP )PP )VP )VP )S )NP )VP )VP )S )VP ... . )S  STOP
(S (S (NP Masson )NP (VP has (VP lost (NP his case )NP )VP )VP )S , but (S (NP (NP the defendants )NP , and (NP (NP the *UNK )NP (SBAR (WHPP to (WHNP which )WHNP )WHPP (S (NP they )NP (VP *UNK )VP )S )SBAR )NP , )NP (VP have (VP lost (NP (ADJP far more )ADJP )NP )VP )VP )S . '' )S  STOP
(S (NP The historical *UNK )NP (VP will (VP survive (NP these decisions )NP )VP )VP . )S  STOP
(S (ADVP Perhaps )ADVP (PP in (NP time )NP )PP (NP the Supreme Court )NP (VP will (VP correct (NP them )NP )VP )VP . )S  STOP
(S But (S (VP writing (NP history )NP )VP )S (VP is (ADJP tough enough )ADJP (PP without (S (NP judges )NP (VP (ADVP *UNKLY )ADVP throwing (NP obstacles )NP (PP in (NP (NP the *UNK 's )NP path )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (NP (NP (NP Albert *UNKC professor )NP (PP of (NP the *UNK )NP )PP (PP at (NP (NP the City University )NP (PP of (NP New York )NP )PP )NP )PP )NP and (NP (NP a winner )NP (PP of (NP (NP *UNKC *UNKC )NP (PP in (NP history and *UNK )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (ADJP (NP 41 years )NP old )ADJP , (NP (NP senior vice president )NP , (NP marketing )NP (PP at (NP *UNKC Entertainment Inc. )NP )PP )NP , )NP (VP was (VP named (S (NP (NP president )NP (PP of (NP (NP Capitol Records Inc. )NP , (NP (NP a unit )NP (PP of (NP this entertainment concern )NP )PP )NP )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP succeeds (NP (NP David *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP resigned (NP last month )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Legal *UNK )NP (PP in (NP America )NP )PP )NP (VP have (NP (NP a way )NP (PP of (S (VP assuming (NP (NP a *UNK *UNK )NP (VP (ADVP far )ADVP exceeding (SBAR (WHNP what )WHNP (S (VP is (VP involved (PP in (NP the particular case )NP )PP )VP )VP )S )SBAR )VP )NP )VP )S )PP )NP )VP . )S  STOP
(S (NP They )NP (VP speak (NP *UNK )NP (PP about (NP (NP the state )NP (PP of (NP our society )NP )PP (PP at (NP a given moment )NP )PP )NP )PP )VP . )S  STOP
(S (NP It )NP (VP has (ADVP always )ADVP (VP been (ADVP so )ADVP )VP )VP . )S  STOP
(S (PP In (NP the *UNK )NP )PP , (NP (NP a young *UNK )NP , (NP John T. *UNKC )NP , )NP (VP *UNKED (S (VP to (VP be (NP a *UNK *UNK )NP (PP in (NP (NP a test case )NP (VP *UNKED (PP by (NP the American *UNKC *UNKC Union )NP )PP )VP )NP )PP )VP )VP )S (S (VP to (VP challenge (NP (NP a ban )NP (PP on (NP (NP the *UNKING )NP (PP of (NP *UNK )NP )PP )NP )PP (VP imposed (PP by (NP the Tennessee *UNKC )NP )PP )VP )NP )VP )VP )S )VP . )S  STOP
(S (NP The result )NP (VP was (NP (NP a *UNK- trial )NP (VP *UNKING (NP (NP *UNK cultural conflicts )NP (PP in (NP American life )NP )PP (PP between (NP (NP (NP the `` *UNK set )NP , '' (SBAR (WHNP whose spokesman )WHNP (S (VP was (NP *UNKC *UNKC )NP )VP )S )SBAR )NP , and (NP (NP the *UNK *UNK )NP , (SBAR (WHNP whom )WHNP (S (NP *UNKC )NP (VP *UNKED (PP as (NP *UNKED *UNK )NP )PP )VP )S )SBAR )NP )NP )PP )NP )VP )NP )VP . )S  STOP
(S (NP Few )NP (ADVP now )ADVP (VP recall (NP (NP the actual outcome )NP : (S (S (NP *UNKC )NP (VP was (VP (VP convicted )VP and (VP *UNKED (NP $ 100 )NP )VP )VP )VP )S , and (S (NP his conviction )NP (VP was (VP reversed (PP on (NP appeal )NP )PP (SBAR because (S (NP the fine )NP (VP was (ADJP excessive )ADJP (PP under (NP Tennessee law )NP )PP )VP )S )SBAR )VP )VP )S )S )NP )VP . )S  STOP
(S (ADVP So )ADVP (NP it )NP (VP was (PP with (NP the *UNKC case )NP )PP (ADVP (NP a generation )NP later )ADVP , (SBAR (WHADVP when )WHADVP (S (NP *UNKC *UNKC )NP (VP became (NP (NP a *UNKING *UNK )NP (PP for (NP (NP (NP the *UNK )NP (PP of (NP the *UNKC War )NP )PP )NP and (NP (NP *UNKING attitudes )NP (PP toward (NP (NP the New *UNKC )NP (SBAR (S (NP he )NP (VP had (VP served )VP )VP )S )SBAR )NP )PP )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP His trials )NP (VP *UNKED (NP (NP public *UNK )NP (PP out (PP of (NP (NP all proportion )NP (PP to (NP (NP the (ADJP rather *UNK )ADJP *UNK )NP (SBAR (S (NP he )NP (ADVP allegedly )ADVP (VP had (VP passed (PP to (NP Soviet intelligence )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )PP )NP )VP . )S  STOP
(S And (ADVP so )ADVP (NP it )NP (VP seems (S (VP to (VP be (PP with (NP (NP the case )NP (PP of (NP (NP Elizabeth Morgan )NP , (NP (NP the (NAC Washington , D.C. , )NAC plastic *UNK )NP (VP *UNKED (PP in (NP a child *UNK case )NP )PP (PP for (S (VP refusing (S (VP to (VP reveal (NP (NP the *UNK )NP (PP of (NP her daughter )NP )PP )NP )VP )VP )S )VP )S )PP )VP )NP )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Dr. Morgan )NP (VP has (ADVP just )ADVP (VP emerged (PP from (NP the D.C. jail )NP )PP (PP after (NP (NP (NP (QP more than two )QP years ' )NP *UNK )NP (PP for (NP (NP *UNK )NP (PP of (NP court )NP )PP )NP )PP )NP )PP , (S (NP (NP a *UNK )NP (PP to (NP her many supporters )NP )PP )NP )S )VP )VP . )S  STOP
(S (PP To (NP (NP the rest )NP (PP of (NP us )NP )PP )NP )PP , (NP the case )NP (VP is (NP a *UNK )NP )VP . )S  STOP
(S (NP It )NP (VP is (SBAR (WHNP what )WHNP (S (NP lawyers )NP (VP call (S `` (NP fact *UNK )NP )S )VP )S )SBAR )VP . '' )S  STOP
(S (NP It )NP (VP presents (NP (NP (NP no great issue )NP (PP of (NP legal principle )NP )PP )NP , (NP (NP no *UNKING question )NP (PP of (NP (NP family law )NP or (NP (NP the law )NP (PP of (NP *UNK )NP )PP )NP )NP )PP )NP )NP )VP . )S  STOP
(S (ADVP Instead )ADVP , (NP it )NP (VP turns (PP on (NP (NP the (ADJP disputed and *UNK )ADJP facts )NP (PP of `` (SBAR (WHNP who )WHNP (S (VP did (NP what )NP (PP to (NP whom )NP )PP )VP )S )SBAR )PP )NP )PP )VP . '' )S  STOP
(S (NP (NP It )NP )NP (VP is (ADJP (ADJP difficult )ADJP (PRN , (CONJP if not )CONJP (ADJP impossible )ADJP , )PRN )ADJP (SBAR for (S (NP (NP anyone )NP (SBAR (WHNP who )WHNP (S (VP has not (VP *UNKED (PP over (NP (NP the thousands )NP (PP of (NP (NP pages )NP (PP of (NP (NP court *UNK )NP and (NP *UNK )NP )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )NP (VP to (VP have (NP (NP a *UNK opinion )NP (PP on (NP (NP the underlying *UNK )NP (PP of (NP the controversy )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP *UNKLY )ADVP (NP I )NP (VP do not )VP . )S  STOP
(S So (NP we )NP (VP must (VP look (ADVP elsewhere )ADVP (PP for (NP (NP an explanation )NP (PP of (NP (NP the unusual power )NP (SBAR (S (NP this case )NP (VP has (VP *UNKED (PP over (NP (NP the minds )NP (PP of (NP (NP many )NP , (UCP (CONJP not just )CONJP (PP in (NP Washington )NP )PP but (ADVP elsewhere (PP in (NP (NP the country )NP and (NP even the world )NP )NP )PP )ADVP )UCP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP I )NP (VP suggest (SBAR that (S (NP three *UNK )NP (VP have (VP come (ADVP together )ADVP (PP in (NP (NP the strange case )NP (PP of (NP Dr. Morgan )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The first )NP (VP is (SBAR that (S (NP it )NP (VP represents (NP (NP an intense battle )NP (PP in (SBAR (WHNP what )WHNP (S (NP James *UNKC )NP (VP used (S (VP to (VP *UNK (PP as `` (NP (NP the war )NP (PP between (NP the *UNK )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )PP )NP )VP )S )SBAR )VP . '' )S  STOP
(S But (SBAR although (S (NP *UNKC )NP (VP did (ADVP so )ADVP (ADVP *UNKLY and *UNKLY )ADVP )VP )S )SBAR , (NP (NP many )NP (PP of (NP (NP Dr. Morgan 's )NP supporters )NP )PP )NP (VP have (VP taken (NP (NP (NP *UNKC 's )NP *UNK title )NP `` (NP The *UNKC *UNKC )NP '' )NP (ADVP quite literally )ADVP )VP )VP . )S  STOP
(S (NP (NP The *UNK )NP (PP of (NP (NP the *UNK )NP (VP *UNKED (PP by (NP the case )NP )PP )VP )NP )PP )NP (VP *UNK (PP to (NP (NP its *UNK importance )NP (PP in (NP (NP the war )NP (SBAR (WHNP that )WHNP (S (NP *UNKC )NP (VP accepted (PP as (NP (NP an *UNK part )NP (PP of (NP the human condition )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP A second theme )NP (VP is (NP (NP the *UNK )NP (PP of (NP (NP social class )NP and (NP race )NP )NP )PP (PP in (NP (NP the public reaction )NP (PP to (NP the Morgan case )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Dr. Morgan )NP (VP is (NP (NP a (ADJP highly *UNKED )ADJP white professional )NP (SBAR (WHNP who )WHNP (S (VP attended (NP (NP some )NP (PP of (NP the `` best '' schools )NP )PP )NP )VP )S )SBAR )NP )VP . )S  STOP
(SQ (SBAR As (S (NP (NP members )NP (PP of (NP (NP the Black *UNKC )NP (PP in (NP Congress )NP )PP )NP )PP )NP (VP asked (PP during (NP (NP the debate )NP (PP on (NP (NP the legislation )NP (SBAR (WHNP that )WHNP (S (VP *UNKED (NP Dr. Morgan )NP )VP )S )SBAR )NP )PP )NP )PP )VP )S )SBAR , does (NP anyone )NP (ADVP seriously )ADVP (VP believe (SBAR that (S (SBAR if (S (NP she )NP (VP were (NP an *UNKED , black , *UNK- woman )NP )VP )S )SBAR , (NP Congress )NP (VP would (VP have (VP rushed (S (VP to (VP pass (NP (NP a private relief bill )NP (VP *UNKING (NP her )NP )VP )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP ? )SQ  STOP
(FRAG Or (SBAR that (S (NP the president )NP (VP would (VP have (VP *UNKED (S (VP to (VP sign (NP the bill )NP `` (PP out (PP of (NP (NP *UNK )NP (PP for (NP her *UNK )NP )PP )NP )PP )PP '' )VP )VP )S )VP )VP )VP )S )SBAR ? )FRAG  STOP
(S (S (VP To (VP ask (NP those questions )NP )VP )VP )S (VP is (S (VP to (VP answer (NP them )NP )VP )VP )S )VP . )S  STOP
(S (ADVP Finally )ADVP , (NP (NP the case )NP (PP of (NP Dr. Morgan )NP )PP )NP (VP gave (NP Congress )NP (NP an opportunity (S (VP (VP to (VP act (PP with (NP *UNKED *UNK )NP )PP )VP )VP and (VP to (VP engage (PP in (NP (NP (NP one )NP (PP of (NP its favorite *UNK )NP )PP )NP -- (S (VP *UNKING (NP the (NAC District (PP of (NP Columbia )NP )PP )NAC government )NP )VP )S )NP )PP )VP )VP )VP )S )NP )VP . )S  STOP
(S (S (NP The local government )NP (VP is (VP *UNKED (PP in (NP (NP the eyes )NP (PP of (NP many residents )NP )PP )NP )PP (PP for (NP (NP a variety )NP (PP of (NP reasons )NP )PP )NP )PP )VP )VP )S , and (S (NP *UNK )NP (VP (VP read (NP (NP the same newspapers )NP )NP )VP and (VP watch (NP (NP the same TV *UNK )NP )NP )VP (SBAR as (S (NP (NP other people )NP (PP in (NP the area )NP )PP )NP (VP do )VP )S )SBAR )VP )S . )S  STOP
(S (S (VP *UNKING (NP the D.C. government )NP )VP )S (VP is (ADJP *UNK- )ADJP (PP for (NP (NP members )NP (PP of (NP Congress )NP )PP , (SBAR (WHNP who )WHNP (S (VP do not (VP have (S (VP to (VP answer (PP to (NP their own constituents )NP )PP (PP for (NP it )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Congress )NP (VP is (VP *UNKED (PP from (S (VP acting (PP on (NP (NP such great issues )NP (PP of (NP the day )NP )PP (PP as (NP the federal budget deficit )NP )PP )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S Yet (NP (NP a bill )NP (VP *UNKED (PP to (NP (NP the interests )NP (PP of (NP a single individual )NP )PP )NP )PP )VP )NP (VP passed (NP Congress )NP (PP with (NP almost *UNK speed )NP )PP , (SBAR (SBAR before (S (NP the judicial process )NP (VP had (VP run (NP its course )NP )VP )VP )S )SBAR , and (PRN , (ADVP indeed )ADVP , )PRN (SBAR while (S (NP the Morgan case )NP (VP was (VP *UNKING (NP (NP a ruling )NP (PP by (NP the appellate court )NP )PP )NP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP The Morgan case )NP (ADVP thus )ADVP (VP tells (NP us )NP (NP (NP much more )NP (PP about (NP (NP the current state )NP (PP of (NP sex , class , race and politics )NP )PP (PP in (NP our society )NP )PP )NP )PP (SBAR than (S (NP it )NP (VP does (VP (PP about (NP (NP the facts )NP (PP of (NP (NP Dr. Morgan 's )NP particular situation )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP It )NP (VP may (VP stand (PP as (NP (NP a *UNK )NP (PP for (SBAR (WHADJP how wide and deep )WHADJP (S (NP (NP the divisions )NP (PP in (NP that society )NP )PP )NP (VP continue (S (VP to (VP be )VP )VP )S (SBAR (WHADVP however )WHADVP (S (NP we )NP (VP try (S (VP to (VP deny (NP their existence )NP )VP )VP )S )VP )S )SBAR )VP )S )SBAR )PP )NP )PP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (NP (NP a lawyer )NP (PP in (NP (NP Washington )NP , (NP *UNKC )NP )NP )PP )NP )VP . )S  STOP
(S (NP The National *UNKC and Space Administration )NP (VP said (SBAR (S (NP it )NP (VP awarded (NP General Dynamics Corp. )NP (NP a (ADJP (QP $ 64 million )QP )ADJP contract (S (VP to (VP launch (NP the *UNKED *UNKC and *UNKC *UNKC Satellite )NP (PP in (NP June 1990 )NP )PP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP is (NP (NP a joint *UNKC Force satellite )NP (SBAR (S (VP to (VP study (NP (NP the effects )NP (PP of (NP space radiation )NP )PP (PP on (NP *UNK- components )NP )PP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP NASA )NP (VP said (SBAR (S (NP General Dynamics )NP (VP will (VP launch (NP *UNKC )NP (S (VP using (NP an *UNKC 1 *UNK )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Ronald J. Taylor )NP , (NP 48 )NP , )NP (VP was (VP named (S (NP (NP chairman )NP (PP of (NP (NP (NP this insurance firm 's )NP reinsurance brokerage group )NP and (NP (NP its major unit )NP , (NP *UNKC *UNKC & *UNKC Inc )NP )NP )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP (NP Robert G. *UNKC )NP , (NP 65 )NP , )NP (VP (VP retired (PP as (NP chairman )NP )PP )VP but (VP will (VP remain (NP a consultant )NP )VP )VP )VP . )S  STOP
(S (NP (NP Stephen A. Crane )NP , (NP 44 )NP , (NP (NP (NP senior vice president )NP and (NP chief (UCP financial and planning )UCP officer )NP )NP (PP of (NP the parent )NP )PP )NP , )NP (VP was (VP named (S (NP (NP (NP president )NP and (NP chief executive )NP )NP (PP of (NP (NP the brokerage group )NP and (NP the unit )NP )NP )PP )NP )S , (S (VP succeeding (NP Mr. Taylor )NP )VP )S )VP )VP . )S  STOP
(S (NP The *UNK )NP (VP are (ADJP effective )ADJP (NP Nov. 1 )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP will (VP announce (NP (NP a successor )NP (PP to (NP Mr. Crane )NP )PP )NP (PP at (NP a later date )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP An investment company )NP (VP said (SBAR (S (NP it )NP (VP offered (S (VP to (VP acquire (NP (NP (NP *UNKC 's )NP Inc. )NP , (NP the fast-food operator )NP , )NP (PP for (NP (QP $ *UNKN million )QP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The proposal )NP , (ADVP however )ADVP , (VP was (ADVP immediately )ADVP (VP *UNKED (PP by (NP (NP (NP *UNKC 's )NP parent )NP , (NP *UNKC Corp )NP )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP *UNKC 's )NP (VP is n't (PP for (NP sale )NP )PP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP senior vice president )NP (PP at (NP *UNKC )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP The new suitor )NP , (NP (NP *UNKC Equity *UNKC Inc. )NP , (PP of (NP (NP *UNKC )NP , (NP N.Y. )NP , )NP )PP )NP )NP (VP *UNKED (NP its proposal )NP (PP as (NP (NP the `` first (ADJP truly independent )ADJP offer )NP (SBAR (WHNP which )WHNP (S (VP does not (VP pit (NP one interest group )NP (PP against (NP (NP another )NP (PP within (NP (NP the *UNKC 's )NP *UNK community )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )VP . '' )S  STOP
(S (PP In (NP September )NP )PP , (NP (NP *UNKC )NP , (NP (NP a (NAC Miami Beach , Fla. , )NAC holding company )NP (VP controlled (PP by (NP *UNK Victor *UNKC )NP )PP )VP )NP , )NP (VP rejected (NP (NP an offer )NP (PP from (NP (NP a group )NP (PP of (NP (NP Arby 's )NP franchisees )NP )PP )NP )PP (S (VP to (VP acquire (NP Arby 's )NP (PP for (NP $ 200 million )NP )PP )VP )VP )S )NP )VP . )S  STOP
(S (PP Since (ADVP then )ADVP )PP , (NP (NP a second group )NP (PP of (NP franchisees )NP )PP )NP (VP has (VP *UNKED (ADVP together )ADVP (S (VP to (VP try (S (VP to (VP *UNK (NP (NP control )NP (PP of (NP the unit )NP )PP )NP (PP from (NP Mr. *UNKC )NP )PP )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (NP Arby 's )NP (VP is (NP (NP the marketing , *UNKING and service company )NP (PP for (NP (NP the *UNKN restaurants )NP (PP in (NP the chain )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP (NP *UNKC 's )NP *UNK )NP , (NP Richard and Steven *UNKC )NP , )NP (VP said (SBAR (S (NP they )NP (VP led (NP (NP the acquisition group )NP (SBAR (WHNP that )WHNP (S (VP (VP acquired (NP the (NP Nathan 's )NP *UNKC Inc. restaurant chain )NP )VP and (VP (ADVP subsequently )ADVP served (PP as (NP (NP the top officers )NP (PP of (NP the company )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Richard *UNKC )NP (VP said (SBAR (S (NP (NP (NP *UNKC 's )NP acquisition )NP (PP of (NP Arby 's )NP )PP )NP `` (VP would (VP allow (S (NP *UNKED *UNK and *UNK- operators )NP , (PP with (NP (NP no conflicts )NP (PP of (NP interest )NP )PP )NP )PP , (VP to (VP (VP stabilize (NP *UNK relations )NP )VP and (VP (ADVP properly )ADVP *UNK (NP (NP the company 's )NP *UNK )NP (PP toward (NP growth )NP )PP )VP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP General Motors Corp. 's )NP big defense and automotive electronics unit )NP , (NP GM Hughes Electronics )NP , )NP (VP said (SBAR (S (NP net income )NP (VP fell (NP 22 % )NP (PP in (NP the third quarter )NP )PP , (S (VP reflecting (NP (NP declining military spending )NP and (NP *UNKING GM vehicle production )NP )NP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP net )NP (PP at (NP (NP (NP GM 's )NP finance arm )NP , (NP General Motors Acceptance Corp. )NP , )NP )PP )NP (VP fell (NP 3.1 % )NP )VP . )S  STOP
(S (PP By (NP contrast )NP )PP , (NP (NP Electronic Data Systems Corp. )NP , (NP (NP GM 's )NP data processing subsidiary )NP , )NP (VP boosted (NP net )NP (NP 16 % )NP )VP . )S  STOP
(S (NP GM )NP (VP closed (ADVP down (NP $ *UNKN )NP )ADVP (PP at (NP $ *UNKN )NP )PP (PP in (NP New York Stock Exchange trading )NP )PP (NP yesterday )NP )VP . )S  STOP
(S (NP (NP Earnings )NP (PP for (NP GM common stock )NP )PP )NP , (S (VP reflecting (NP (NP the performance )NP (PP of (NP (NP GM 's )NP core automotive operations )NP )PP )NP )VP )S , (VP will (VP be (VP disclosed (NP this morning )NP )VP )VP )VP . )S  STOP
(S (NP (NP GM Class *UNK )NP , (SBAR (WHNP which )WHNP (S (VP represents (NP (NP a dividend interest )NP (PP in (NP Hughes earnings )NP )PP )NP )VP )S )SBAR , )NP (VP closed (PP at (NP $ 29 )NP )PP , (ADVP up (NP 25 cents )NP )ADVP (PP in (NP Big Board composite trading )NP )PP )VP . )S  STOP
(S (NP (NP GM Class *UNK )NP , (SBAR (WHNP which )WHNP (S (VP represents (NP (NP a dividend interest )NP (PP in (NP *UNKC profit )NP )PP )NP )VP )S )SBAR , )NP (VP fell (NP 75 cents )NP (PP to (NP $ *UNKN )NP )PP (PP on (NP the Big Board )NP )PP )VP . )S  STOP
(S (NP (NP The earnings drop )NP (PP at (NP GM Hughes Electronics )NP )PP )NP (VP is (NP (NP a sign )NP (PP of (NP tough times )NP )PP )NP (PP at (NP both (NP (NP the defense operations )NP (PP of (NP Hughes *UNKC Co. )NP )PP )NP and (NP (NP (NP GM 's )NP North American automotive operations )NP , (SBAR (WHNP which )WHNP (S (VP are (NP (NP a primary customer )NP (PP for (NP (NP the *UNKC Electronics Corp. side )NP (PP of (NP the GM Hughes unit )NP )PP )NP )PP )NP )VP )S )SBAR )NP )NP )PP )VP . )S  STOP
(S (NP (NP Profit )NP (PP at (NP the unit )NP )PP )NP (VP fell (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 37 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 45 cents )NP (NP a share )NP )NP , )NP )PP (PP largely because of (NP (NP a (ADJP (QP $ 24 million )QP )ADJP one-time charge )NP (VP associated (PP with (NP (NP Hughes 's )NP (ADJP previously announced )ADJP plan (S (VP to (VP reduce (NP employment )NP (PP by (NP (QP at least 6,000 )QP people )NP )PP (PP by (NP year end )NP )PP )VP )VP )S )NP )PP )VP )NP )PP )VP . )S  STOP
(S (S (ADVP Even )ADVP (VP excluding (NP the charge )NP )VP )S , (ADVP however )ADVP , (NP net )NP (VP fell (NP 5 % )NP )VP . )S  STOP
(S (S (PP In (NP addition )NP )PP , (NP (NP GM 's )NP (ADJP North American )ADJP vehicle production )NP (VP (VP fell (NP *UNKN % )NP (PP from (ADVP (NP a year )NP ago )ADVP )PP )VP , (SBAR (WHNP which )WHNP (S (VP hurt (NP (NP *UNKC Electronic 's )NP earnings )NP )VP )S )SBAR )VP )S , (NP a company spokesman )NP (VP said )VP . )S  STOP
(S (NP That decline )NP (VP was (VP reflected (PP in (NP (NP revenue )NP (PP for (NP (NP the GM Hughes unit )NP , (SBAR (WHNP which )WHNP (S (VP edged (ADVP down )ADVP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP the nine months )NP )PP , (NP GM Hughes net )NP (VP fell (NP 6.6 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP 3.5 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (PP At (NP *UNKC )NP )PP , (NP net )NP (VP dropped (NP 3.1 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP The finance unit )NP (VP attributed (NP the decline )NP (PP to (NP (NP higher borrowing costs )NP (PP compared (PP with (ADVP (NP a year )NP earlier )ADVP )PP )PP )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP its automotive financing and leasing business )NP (VP rose (NP 35 % )NP (PP in (NP the U.S. )NP )PP , (PP largely because of (NP (NP dealer and customer incentives )NP (VP used (S (VP to (VP boost (NP sales )NP )VP )VP )S )VP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC profits )NP (VP are (VP (VP combined (PP with (NP (NP earnings )NP (PP from (NP (NP the rest )NP (PP of (NP (NP GM 's )NP operations )NP )PP )NP )PP )NP )PP )VP and (VP attributed (PP to (NP (NP the company 's )NP traditional common stock )NP )PP )VP )VP )VP . )S  STOP
(S (PP In (NP the first nine months )NP )PP , (NP (NP *UNKC 's )NP earnings )NP (VP fell (NP 8 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (PP At (NP *UNKC )NP )PP , (NP third-quarter profit )NP (VP jumped (NP 16 % )NP (PP to (NP (NP a record (QP $ *UNKN million )QP )NP , or (NP (NP 93 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 79 cents )NP (NP a share )NP )NP )NP )PP )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP 12 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (PP In (NP the nine months )NP )PP , (NP *UNKC )NP (VP earned (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP (ADVP up (NP 13 % )NP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )ADVP )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP 14 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP (NP Revenue )NP (PP from (NP *UNK- accounts )NP )PP )NP (VP was (NP (NP 45 % )NP (PP of (NP (NP *UNKC 's )NP total business )NP )PP )NP (PP in (NP the latest nine months )NP )PP , (PP compared (PP with (NP (NP 40 % )NP (ADVP (NP a year )NP earlier )ADVP )NP )PP )PP )VP . )S  STOP
(S (NP The company )NP (VP has (VP said (SBAR (S (NP it )NP (VP wants (S (VP to (VP boost (NP *UNK- revenue )NP (PP to (NP (NP (QP at least 50 )QP % )NP (PP of (NP its total business )NP )PP )NP )PP (PP by (NP (NP the end )NP (PP of (NP 1990 )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP William C. *UNKC Jr. )NP , (ADJP (NP 48 years )NP old )ADJP , )NP (VP was (VP elected (S (NP (NP a director )NP (PP of (NP this *UNKED *UNK concern )NP )PP )NP )S , (S (VP expanding (NP the board )NP (PP to (NP 11 members )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP (NP *UNKC W. *UNKC )NP , (NP (NP director )NP (PP of (NP (NP *UNKC *UNKC National Laboratory )NP , (NP (NP *UNKC *UNKC )NP , (NP Tenn. )NP )NP )NP )PP )NP , )NP (VP was (VP elected (S (NP (NP a director )NP (PP of (NP this *UNK- concern )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (ADJP (NP 58 years )NP old )ADJP , )NP (VP succeeds (NP (NP William *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP died (PP in (NP August )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (NP (NP the bidding war )NP (PP for (NP (NP Public Service Co. )NP (PP of (NP New Hampshire )NP )PP )NP )PP )NP )PP , (NP United *UNKING Co. )NP (VP raised (NP its proposed offer )NP (PP to (NP (NP one )NP (SBAR (S (NP it )NP (VP valued (PP at (NP (QP $ *UNKN billion )QP )NP )PP )VP )S )SBAR )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP , (S (ADVP apparently )ADVP (VP *UNKING (NP all other bidders )NP )VP )S )VP . )S  STOP
(S (NP The bids )NP (VP remain (ADJP subject (PP to (NP (NP evaluation )NP (PP by (NP (NP the federal bankruptcy court )NP (VP *UNKING (NP (NP (NP PS )NP (PP of (NP New Hampshire )NP )PP 's )NP reorganization )NP )VP )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (NP They )NP (VP are (ADVP also )ADVP (ADVP indirectly )ADVP (ADJP subject (PP to (NP (NP approval )NP (PP by (NP (NP the state )NP (PP of (NP New Hampshire )NP )PP , (SBAR (WHADVP where )WHADVP (S (NP residents )NP (VP fear (NP (NP soaring rates )NP (SBAR (S (VP to (VP pay (PP for (NP (NP the cost )NP (PP of (NP reorganization )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (NP (NP Each )NP (PP of (NP (NP the four parties )NP (VP bidding (PP for (NP (NP PS )NP (PP of (NP New Hampshire )NP )PP )NP )PP )VP )NP )PP )NP (VP (VP proposes (NP (NP a complex financial package )NP (SBAR (S (VP to (VP satisfy (NP creditors and shareholders )NP )VP )VP )S )SBAR )NP )VP and (VP (ADVP also )ADVP proposes (NP (NP a formula )NP (SBAR (S (VP to (VP limit (NP rate increases )NP (S (VP to (VP satisfy (NP the state )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP The new round )NP (PP of (NP bidding )NP )PP )NP (VP would (VP seem (S (VP to (VP *UNK (NP the decision making )NP (PP for (NP (NP Judge James *UNKC )NP , (NP (NP the bankruptcy judge )NP (VP *UNKING (NP the case )NP )VP )NP , )NP )PP (SBAR because (S (NP (NP the company 's )NP (NX (NX stockholders )NX , (NX unsecured creditors )NX and (NX regulators )NX )NX )NP (NP each )NP (VP are (ADVP currently )ADVP (VP backing (NP different plans )NP )VP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP (NP some )NP (PP of (NP the proposals )NP )PP )NP (VP are (ADJP (ADJP so close )ADJP , (SBAR that (S (NP (NP *UNK- issues )NP (PP such as (NP timing )NP )PP )NP (VP may (VP play (NP a (ADJP more important )ADJP role )NP )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP The unsecured creditors )NP (VP agreed (PP in (NP principle )NP )PP (S (VP to (VP support (NP (NP (ADJP New *UNKC , *UNKED )ADJP United *UNKING 's )NP new bid )NP )VP )VP )S )VP . )S  STOP
(S (NP They )NP (ADVP previously )ADVP (VP had (VP backed (NP (NP an internal reorganization plan )NP (VP proposed (PP by (NP (NP PS )NP (PP of (NP New Hampshire )NP )PP )NP )PP )VP )NP )VP )VP . )S  STOP
(S (NP (NP All )NP (PP of (NP the bidders )NP )PP )NP (VP *UNK (NP (NP full payment )NP (PP including (NP (NP interest )NP (PP to (NP secured creditors )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP United Illuminating 's )NP plan )NP , (ADVP however )ADVP , (VP offers (NP (NP more )NP (PP for (NP unsecured creditors )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP counsel )NP (PP to (NP the official creditors committee )NP )PP )NP , )NP (VP said (SBAR that (S (PP under (NP the United Illuminating plan )NP )PP , (NP unsecured creditors )NP (VP would (VP be (VP paid (PP in (NP (NP full credits )NP and (NP (NP interest )NP (PP of (NP (QP about $ *UNKN million )QP )NP )PP , (VP accrued (PP before (NP (NP (NP (NP PS )NP (PP of (NP New Hampshire )NP )PP 's )NP Jan. 1988 filing )NP (PP for (NP bankruptcy court protection )NP )PP )NP )PP )VP )NP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP they )NP (VP would (VP receive (NP (NP (QP some $ 200 million )QP )NP (PP in (NP (NP payments )NP (PP for (NP (NP interest )NP (PP since (ADVP then )ADVP )PP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR that (S (PP by (NP next July )NP )PP (NP they )NP (VP would (VP have (VP accrued (NP (NP *UNK interest )NP (ADJP equal (PP to (NP (QP $ 350 million )QP )NP )PP )ADJP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Other plans )NP (ADVP generally )ADVP (VP would n't (VP pay (NP (NP (NP unsecured creditors ' )NP interest )NP (VP accrued (PP since (NP the filing )NP )PP )VP )NP )VP )VP . )S  STOP
(S (PP Under (NP (NP United Illuminating 's )NP plan )NP )PP , (NP (NP a new holding company )NP )NP (VP would (VP be (VP formed (SBAR (S (VP to (VP own (NP the two companies )NP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP It )NP (VP would (VP be (ADJP (ADJP *UNKED (PP by (NP United Illuminating holders )NP )PP )ADJP and (ADJP *UNKED (PP by (NP (NP current holders )NP (PP of (NP (NAC PS (PP of (NP New Hampshire )NP )PP )NAC (ADJP preferred and common )ADJP stock )NP )PP )NP )PP )ADJP )ADJP )VP )VP . )S  STOP
(S (NP (NAC PS (PP of (NP New Hampshire )NP )PP )NAC preferred holders )NP (ADVP also )ADVP (VP would (VP get (NP (NP certain debentures )NP and (NP preferred stock )NP )NP )VP )VP . )S  STOP
(S (NP United Illuminating )NP (VP said (SBAR (S (NP the preferred holders total package )NP (VP would (VP equal (NP (NP (QP about 60 )QP % )NP (PP of (NP their claims )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC shareholders )NP (VP would (VP end (PRT up )PRT (S (VP owning (NP (NP (QP about 6.4 )QP % )NP (PP of (NP the combined company )NP )PP )NP )VP )S )VP )VP . )S  STOP
(S (SBAR As (S (VP (ADVP previously )ADVP reported )VP )S )SBAR , (NP (NP Northeast Utilities )NP , (NP (NP Hartford )NP , (NP Conn. )NP )NP , )NP (NP Monday )NP (VP filed (NP (NP a bid )NP (SBAR (S (NP it )NP (VP valued (PP at (NP (QP $ 2.25 billion )QP )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP That offer )NP (VP was (VP endorsed (PP by (NP the shareholders committee )NP )PP )VP )VP . )S  STOP
(S (NP (NP The other bidders )NP , (NP (NP (NP New England Electric System )NP , (NP (NP *UNKC )NP , (NP Mass. )NP , )NP )NP and (NP (NP PS )NP (PP of (NP New Hampshire )NP )PP )NP )NP , )NP (VP did n't (VP change (NP (NP the value )NP (PP of (NP their bids )NP )PP )NP , (SBAR although (S (NP (NP PS )NP (PP of (NP New Hampshire )NP )PP )NP (VP changed (NP its rate proposal )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP New England Electric )NP (VP values (NP its offer )NP (PP at (NP (QP $ 2 billion )QP )NP )PP )VP )S and (S (NP (NP PS )NP (PP of (NP New Hampshire )NP )PP )NP (VP values (NP its reorganization plan )NP (PP at (NP (QP $ 2.2 billion )QP )NP )PP )VP )S . )S  STOP
(S (NP The bankruptcy judge )NP (VP has (VP ruled (SBAR that (S (NP federal bankruptcy laws )NP (VP could (VP be (VP used (S (VP to (VP *UNK (NP state regulation )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP However )ADVP , (NP (NP creditors and bidders )NP (ADVP alike )ADVP )NP (VP concede (SBAR that (S (NP the state )NP (VP plays (NP a major role )NP (SBAR because (S (NP it )NP (VP could (ADVP significantly )ADVP (VP delay (NP (NP final settlement )NP (PP of (NP (NP a plan )NP (SBAR (S (NP it )NP (VP did n't (VP like )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP The state )NP (VP has (VP endorsed (NP (NP the New England Electric plan )NP , (SBAR (WHNP which )WHNP (S (VP promises (S (VP to (VP limit (NP rate increases )NP (PP to (NP (NP 4.8 % )NP (ADVP annually )ADVP )NP )PP (PP for (NP seven years )NP )PP )VP )VP )S )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP Northeast Utilities ' )NP plan )NP (VP proposes (NP (ADJP 5.5 % )ADJP annual increases )NP )VP . )S  STOP
(S (NP (NP PS )NP (PP of (NP New Hampshire )NP )PP )NP (VP amended (NP its plan )NP (S (VP to (VP call (PP for (NP (NP (NP two years )NP (PP of (NP (ADJP 5.5 % )ADJP rate increases )NP )PP )NP (VP followed (PP by (NP (NP five years )NP (PP of (NP (ADJP 4.5 % )ADJP increases )NP )PP )NP )PP )VP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC cost adjustments )NP (VP could (VP change (NP the effective rate increases )NP , (ADVP however )ADVP )VP )VP . )S  STOP
(S (ADVP Previously )ADVP (NP it )NP (VP had (VP proposed (NP (NP seven years )NP (PP of (NP (ADJP 5.5 % )ADJP increases )NP )PP )NP )VP )VP . )S  STOP
(S (NP United Illuminating )NP (ADVP also )ADVP (VP amended (NP its rate plan )NP )VP . )S  STOP
(S (NP The new offer )NP (VP assumes (NP (NP (QP just five )QP years )NP (PP of (NP (ADJP 5.5 % )ADJP rate increases )NP )PP , (SBAR (S (VP to (VP be (VP followed (PP by (NP (NP *UNKED increases )NP (PP under (NP the usual hearing procedure )NP )PP )NP )PP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP Previously )ADVP (NP United Illuminating )NP (VP had (ADVP also )ADVP (VP called (PP for (NP (NP seven years )NP (PP of (NP (ADJP 5.5 % )ADJP increases )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The bids and rate proposals )NP (ADVP generally )ADVP (VP assume (SBAR (S (NP (NP the *UNKC nuclear power plant )NP , (SBAR (WHNP which )WHNP (S (VP is (VP completed )VP )VP )S )SBAR , )NP (VP will (VP go (PP into (NP operation )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Most )NP (PP of (NP the plans )NP )PP )NP (VP have (VP reduced (NP bids )NP (SBAR in case (S (NP the plant )NP (VP fails (S (VP to (VP get (NP a license )NP (PP from (NP the *UNKC *UNKC Commission )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange trading )NP )PP , (NP (NP (NP (NP PS )NP (PP of (NP New Hampshire )NP )PP 's )NP (QP 17 1\/2 )QP *UNK )NP (ADJP due (NP 2004 )NP )ADJP )NP (VP closed (NP yesterday )NP (PP at (NP $ *UNKN )NP )PP , (ADVP up (NP $ 2 )NP )ADVP )VP . )S  STOP
(S (NP (NP The utility 's )NP stock )NP (VP closed (PP at (NP (NP $ 4 )NP (NP a share )NP )NP )PP , (ADVP up (NP 37.5 cents )NP )ADVP , (PP in (NP (NP composite trading )NP (PP on (NP the Big Board )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP a separate development )NP )PP , (NP (NP PS )NP (PP of (NP New Hampshire )NP )PP )NP (VP gave (NP 60 managers )NP (NP (NP *UNK agreements )NP (SBAR (WHNP that )WHNP (S (VP would (VP pay (NP (NP (QP one to three )QP years ' )NP salary )NP (SBAR if (S (S (NP their jobs )NP (VP were (VP changed )VP )VP )S or (S (NP they )NP (VP were (VP dismissed )VP )VP )S (PP in (NP (NP the wake )NP (PP of (NP a takeover )NP )PP )NP )PP )S )SBAR )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP It )NP (VP said (SBAR (S (NP (NP the maximum cost )NP (PP of (NP the plan )NP )PP )NP (VP would (VP be (NP (QP $ 9.7 million )QP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP C. *UNKC *UNKC )NP (VP will (VP become (NP (NP (NP president )NP and (NP chief executive officer )NP )NP (PP of (NP (NP Bell Atlantic International Inc. )NP , (NP (NP a unit )NP (PP of (NP this telecommunications concern )NP )PP )NP , )NP )PP )NP (ADJP effective (NP Jan. 1 )NP )ADJP )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (ADJP (NP 56 years )NP old )ADJP , )NP (VP is (ADVP currently )ADVP (NP (NP (NP vice president )NP and (NP chief operating officer )NP )NP (PP of (NP (NP Bell Atlantic 's )NP *UNKC Telephone unit )NP )PP )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP will (VP succeed (NP (NP *UNKC J. *UNKC )NP , (NP 64 )NP , (SBAR (WHNP who )WHNP (S (VP will (VP hold (NP (NP the (ADJP newly created )ADJP position )NP (PP of (NP (NP chairman )NP (PP of (NP the international unit )NP )PP )NP )PP )NP (PP until (NP (NP his retirement )NP (NP April 1 )NP )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP Richard Breeden )NP (VP had n't (VP *UNKED (SBAR that (S (NP his new desk )NP (VP had (NP (NP (QP just four )QP telephone lines )NP and (NP one phone )NP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP It )NP (VP was , (PP after (NP all )NP )PP , (ADVP only )ADVP (NP (NP his second full day )NP (PP as (NP (NP chairman )NP (PP of (NP the Securities and Exchange Commission )NP )PP )NP )PP )NP )VP . )S  STOP
(S But (NP (NP the lack )NP (PP of (NP lines )NP )PP )NP (VP became (ADJP *UNKLY apparent )ADJP )VP . )S  STOP
(S (SBAR As (S (NP the stock market )NP (VP *UNKED (PP into (NP a 190-point free fall )NP )PP (PP on (NP Oct. 13 )NP )PP )VP )S )SBAR , (NP Mr. Breeden )NP (VP found (S (NP himself )NP (VP *UNKING (PP around (NP (NP the sixth floor )NP (PP of (NP the SEC )NP )PP )NP )PP -- (PP from (NP (NP his desk )NP , (SBAR (WHADVP where )WHADVP (S (NP the New York Stock Exchange )NP (VP was (PP on (NP an open line )NP )PP )VP )S )SBAR )NP )PP , (PP to (NP (NP (NP his assistant 's )NP office )NP , (SBAR (WHADVP where )WHADVP (S (NP the Commodity Futures Trading Commission )NP (VP was (VP connected )VP )VP )S )SBAR )NP )PP , (PP to (NP (NP a third room )NP , (SBAR (WHADVP where )WHADVP (S (NP a computer )NP (VP monitored (NP market moves )NP )VP )S )SBAR )NP )PP )VP )S )VP . )S  STOP
(S (PP With (S (NP other anxious calls )NP (VP pouring (ADVP in )ADVP )VP )S )PP (PRN , (S (NP he )NP (VP recalls )VP )S , )PRN `` (NP I )NP (VP 'd (VP either (VP have (S (VP to (VP *UNK (NP the New York Stock Exchange )NP )VP )VP )S )VP or (VP go (ADVP out )ADVP (PP to (NP (NP the secretary 's )NP desk )NP )PP )VP )VP )VP . '' )S  STOP
(S (NP It )NP (VP wo n't (VP happen (ADVP again )ADVP )VP )VP . )S  STOP
(S (ADVP Now )ADVP (S (NP there )NP (VP are (NP (NP more lines )NP (VP connected (PP to (NP (NP the chairman 's )NP office )NP )PP )VP )NP )VP )S , and (S (NP the *UNKING computer )NP (VP has (VP been (VP moved (ADVP next (PP to (NP his desk )NP )PP )ADVP )VP )VP )VP )S . )S  STOP
(S (NP It )NP (VP 's all (NP (NP part )NP (PP of (NP a new `` *UNK center )NP )PP )NP )VP . '' )S  STOP
(S (NP (NP The changes )NP (PP in (NP the office *UNK )NP )PP )NP (VP *UNK (NP (NP (NP Mr. Breeden 's )NP stance )NP (PP as (NP (NP the nation 's )NP top securities regulator )NP )PP )NP )VP . )S  STOP
(S (PP Like (NP (NP his predecessor )NP , (NP David *UNKC )NP , )NP )PP (NP he )NP (VP was (VP faced (PP with (NP (NP a crisis )NP (PP in (NP the stock markets )NP )PP )NP )PP (PP soon after (S (VP coming (PP into (NP office )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S But (PP unlike (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (PP during (NP the 1987 crash )NP )PP (VP damaged (NP himself )NP (PP by (S (VP saying (ADVP rather *UNKLY )ADVP (SBAR that (S (NP the markets )NP (VP might (VP be (VP closed )VP )VP )VP )S )SBAR )VP )S )PP )VP )S )SBAR , )NP )PP (NP Mr. Breeden )NP (VP is (VP turning (NP the market drop )NP (PP to (NP his own advantage )NP )PP , (S (VP using (NP it )NP (S (VP to (VP further (NP (NP his agenda )NP (PP for (NP the SEC )NP )PP )NP )VP )VP )S )VP )S )VP )VP . )S  STOP
(S (PP (PP In (NP an interview )NP )PP and (PP in (NP congressional testimony )NP )PP )PP , (NP he )NP (ADVP repeatedly )ADVP (VP points (PP to (NP (NP (NP the recent 190-point plunge )NP (PP in (NP the Dow Jones Industrial Average )NP )PP )NP -- (NP the (ADJP second-largest ever )ADJP )NP -- )NP )PP (PP as (NP (NP evidence )NP (PP of (NP the need (SBAR for (S (NP Congress )NP (VP to (VP give (NP the SEC )NP (NP the ability (S (VP (VP to (ADVP better )ADVP (VP monitor (NP (NP leveraged buy-out loan activity )NP (PP by (NP brokerage firms )NP )PP )NP )VP )VP and (VP to (VP track (NP big trades )NP (PP in (NP the market )NP )PP )VP )VP )VP )S )NP )VP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP (NP A veteran )NP (PP of (NP (NP another financial crisis )NP , (NP the savings-and-loan bailout )NP )NP )PP )NP )S , (NP Mr. Breeden )NP (VP wants (S (VP to (VP have (S (NP the SEC )NP (VP *UNK (NP (NP securities )NP (VP issued (PP by (NP banks and *UNKC )NP )PP )VP )NP )VP )S )VP )VP )S )VP . )S  STOP
(S (ADVP More broadly )ADVP , (NP he )NP (VP wants (S (VP to (VP `` modernize '' (NP regulation )NP (PP (PP by (S (VP eliminating (NP (NP barriers )NP (PP between (NP (UCP commercial and investment )UCP banking )NP )PP )NP )VP )S )PP and (PP by (S (VP helping (S (NP U.S. financial firms )NP (VP compete (PP in (NP the global market )NP )PP )VP )S )VP )S )PP )PP )VP )VP )S )VP . )S  STOP
(S (NP He )NP (VP believes (SBAR (S (NP the tax code )NP (VP (VP *UNK (NP (NP the use )NP (PP of (NP (NP debt )NP (PP instead of (NP stock )NP )PP )NP )PP )NP )VP and (VP may (VP fuel (NP (NP leveraged buy-outs )NP , (NP (NP (NP an area )NP (SBAR (S (NP the SEC )NP (VP does n't (VP *UNK (ADVP directly )ADVP )VP )VP )S )SBAR )NP but (NP (NP one )NP (SBAR (WHADVP where )WHADVP (S (NP it )NP (VP *UNK (NP influence )NP (PP both (PP on (NP Wall Street )NP )PP and (PP in (NP Congress )NP )PP )PP )VP )S )SBAR )NP )NP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP (ADVP Also )ADVP unlike (NP Mr. *UNKC )NP )PP , (NP Mr. Breeden )NP (VP appears (S (VP to (VP be (PP in (NP (NP a position )NP (SBAR (S (VP to (VP get (ADVP somewhere )ADVP (PP with (NP his agenda )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP As (NP (NP a former White House aide )NP (SBAR (WHNP who )WHNP (S (VP worked (ADVP closely )ADVP (PP with (NP Congress )NP )PP )VP )S )SBAR )NP )PP , (NP he )NP (VP is (ADJP *UNK (PP in (NP (NP the ways )NP (PP of (NP Washington )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (VP 's (NP more )NP )VP )S )SBAR , (NP the coming months )NP (ADVP likely )ADVP (VP will (VP offer (NP him )NP (NP the opportunity (S (VP to (VP obtain (NP (NP his own majority )NP (PP on (NP the *UNK- commission )NP )PP )NP )VP )VP )S )NP , (S (VP *UNKING (S (NP him )NP (VP to (VP avoid (NP (NP the *UNK )NP (SBAR (WHNP that )WHNP (S (VP frustrated (NP his predecessor )NP )VP )S )SBAR )NP )VP )VP )S )VP )S )VP )VP . )S  STOP
(S But (NP (NP Mr. Breeden )NP , (NP a *UNK- securities lawyer )NP , )NP (VP has (VP *UNKED (NP (NP some )NP (PP of (NP (NP the *UNK issues )NP (VP facing (NP the financial markets )NP )VP )NP )PP )NP )VP )VP . )S  STOP
(S (PP For (NP instance )NP )PP , (NP he )NP (VP has n't (VP stated (NP (NP a clear position )NP (PP on (NP (NP high-risk , high-yield junk bonds )NP , (NP (NP an area )NP (PP of (NP growing concern )NP )PP (SBAR as (S (NP (NP turmoil )NP (PP in (NP the junk market )NP )PP )NP (VP *UNK (PRT over )PRT (PP into (NP stocks )NP )PP )VP )S )SBAR )NP )NP )PP )NP )VP )VP . )S  STOP
(S (NP He )NP (VP may (VP be (VP waiting (S (VP to (VP see (NP (NP the results )NP (PP of (NP (NP several pending SEC studies )NP (PP of (NP (NP junk market liquidity )NP and (NP disclosure rules )NP )NP )PP )NP )PP )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP He )NP (ADVP also )ADVP (VP has (VP kept (NP a close *UNK )NP (PP on (NP (NP the names )NP (PP of (NP (NP people )NP (PP under (NP (NP consideration )NP (PP for (NP (NP the crucial post )NP (PP of (NP (NP (NP enforcement director )NP (PP at (NP the commission )NP )PP )NP , (NP (NP a job )NP (RRC (ADJP *UNK )ADJP (PP since (NP the summer )NP )PP )RRC )NP )NP )PP )NP )PP )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Mr. Breeden 's )NP selection )NP (VP will (VP be (VP *UNKED (PP as (NP (NP an important signal )NP (PP about (NP (NP the strength )NP (PP of (NP (NP his commitment )NP (PP to (S (VP continuing (NP (NP (NP the SEC 's )NP *UNK- pursuit )NP (PP of (NP (NP (NP insider trading )NP and (NP market manipulation )NP )NP (PP on (NP Wall Street )NP )PP )NP )PP )NP )VP )S )PP )NP )PP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP Congress )NP (VP seems (ADJP likely (S (VP to (VP let (S (NP the new chairman )NP (VP have (NP his way )NP (PP for (NP a while )NP )PP )VP )S )VP )VP )S )ADJP )VP . )S  STOP
(S (S (NP (NP Members )NP (PP of (NP the Senate Banking Committee )NP )PP )NP (VP know (NP Mr. Breeden )NP (PP from (S (VP working (PP on (NP the *UNK- bill )NP )PP )VP )S )PP )VP )S , and (S (NP the relationship )NP (ADVP generally )ADVP (VP remains (ADJP warm )ADJP )VP )S . )S  STOP
(S (ADVP Indeed )ADVP , (PP during (NP (NP Mr. Breeden 's )NP confirmation hearing )NP )PP (NP last month )NP , (NP senators )NP (VP asked (NP him )NP (S (VP to (VP introduce (NP his children )NP )VP )VP )S (NP (NP three separate times )NP -- (ADVP (ADVP more often )ADVP (SBAR than (S (NP they )NP (VP asked (PP about (NP (NP his *UNK )NP (PP for (NP the job )NP )PP )NP )PP )VP )S )SBAR )ADVP )NP )VP . )S  STOP
(S (NP These days )NP , (NP Mr. Breeden )NP (VP is (VP winning (NP *UNK )NP (PP (PP in (NP Washington )NP )PP and (PP on (NP Wall Street )NP )PP )PP (PP for (NP (NP his *UNK- role )NP (PP in (S (VP monitoring (NP (NP the *UNKC market plunge )NP and (NP (NP the following Monday 's )NP *UNKING morning session )NP )NP )VP )S )PP )NP )PP )VP )VP . )S  STOP
(S (PP As (NP (NP a regulator )NP (VP charged (PP with (S (VP *UNKING (NP investor confidence )NP )VP )S )PP )VP )NP )PP , (NP Mr. Breeden )NP (VP (VP avoided (S (VP making (NP *UNKING comments )NP )VP )S )VP and (VP worked (S (VP to (VP *UNK (NP (NP information )NP (ADJP critical (PP (PP to (NP Wall Street )NP )PP and (PP to (NP other government agencies )NP )PP )PP )ADJP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Not everyone )NP (VP has (VP jumped (PP on (NP the Breeden *UNK )NP )PP , (ADVP however )ADVP )VP )VP . )S  STOP
(S (NP (NP Some )NP (PP in (NP Washington )NP )PP )NP (VP contend (SBAR that (S (NP it )NP (VP 's (ADVP too soon (S (VP to (VP tell (SBAR whether (S (NP Mr. Breeden )NP (VP will (VP help or *UNK (NP the SEC )NP )VP )VP )S )SBAR )VP )VP )S )ADVP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP I )NP (VP do n't (VP think (SBAR (S (NP this )NP (VP was (NP a real test )NP )VP )S )SBAR )VP )VP )S , '' (VP says )VP (NP one congressional aide )NP . )SINV  STOP
(S `` (S (NP It )NP (VP was (NP a (ADJP fairly *UNK )ADJP weekend )NP )VP )S , but (S (NP my sense )NP (VP is (SBAR (S (SBAR if (S (NP you )NP (VP had n't (VP had (NP Richard Breeden )NP (ADVP there )ADVP )VP )VP )S )SBAR , (NP it )NP (VP would n't (VP have (VP made (NP (NP much )NP (PP of (NP a difference )NP )PP )NP )VP )VP )VP )S )SBAR )VP )S . '' )S  STOP
(S (PP For (NP (NP some )NP (PP at (NP (NP the SEC )NP , (NP (NP an agency )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP its independence )NP )VP )S )SBAR )NP )NP )PP )NP )PP , (NP Mr. Breeden )NP (VP may (VP be (NP (NP too much )NP (PP of (NP a Washington insider )NP )PP )NP )VP )VP . )S  STOP
(S (NP They )NP (VP note (SBAR that (S (NP he )NP (VP has (VP *UNKED (NP his office )NP (PP with (NP (NP (NP five photos )NP (PP of (NP George Bush )NP )PP )NP , (NP (NP one )NP (PP of (NP them )NP )PP (VP featuring (NP (NP the First *UNKC )NP , (NP *UNKC )NP )NP )VP )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP worry (SBAR that (S (NP Mr. Breeden )NP (ADVP also )ADVP (VP will (VP roll (PRT over )PRT (SBAR (WHADVP when )WHADVP (S (VP told (S (VP to (VP do (ADVP so )ADVP )VP )VP )S (PP by (NP the White House )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP Mr. Breeden )NP (ADVP already )ADVP (VP has (VP shown (NP an *UNK (S (VP to (VP run (NP the SEC )NP (NP his way )NP )VP )VP )S )NP )VP )VP . )S  STOP
(S (PP During (NP the Monday market rebound )NP )PP , (NP a New York exchange spokesman )NP (VP told (NP Cable News Network viewers )NP (SBAR that (S (NP the industrial average )NP (VP had (VP turned (ADVP down (NP 70 points )NP )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (VP *UNKED )VP )S , (NP Mr. Breeden )NP (VP turned (PP to (NP (NP his *UNKING computer )NP , (SBAR (WHNP which )WHNP (S (PP by (ADVP then )ADVP )PP (VP was (ADVP next (PP to (NP his desk )NP )PP )ADVP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP It )NP (VP showed (NP the *UNKC )NP (ADVP up (NP 30 points )NP )ADVP )VP . )S  STOP
(S (NP SEC staffers )NP (ADVP soon )ADVP (VP determined (SBAR that (S (NP (NP a (ADJP widely watched )ADJP stock-market service )NP , (NP Quotron )NP , )NP (VP had (VP *UNKED (NP the industrial average )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Breeden )NP (VP *UNKED (NP SEC staffers )NP (S (VP to (VP *UNK (NP the network )NP (SBAR that (S (NP it )NP (VP was (VP airing (NP the wrong number )NP )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S `` (S (NP It )NP (VP was (NP (NP the plunge )NP (SBAR (WHNP that )WHNP (S (VP did n't (VP happen )VP )VP )S )SBAR )NP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP Mr. Breeden )NP (ADVP also )ADVP (VP is (VP trying (S (VP to (VP use (NP (NP a (ADJP (ADVP far more )ADVP catastrophic )ADJP event )NP -- (NP the California earthquake )NP -- )NP (S (VP to (VP move (NP another rule change )NP (PP past (NP Congress )NP )PP )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (NP That disaster )NP (VP closed (NP (NP the Pacific Stock Exchange 's )NP stock *UNKING operation )NP , (S (VP forcing (S (NP those options )NP (VP to (VP be (VP switched (PP to (NP other exchanges )NP )PP (ADVP temporarily )ADVP )VP )VP )VP )S )VP )S )VP . )S  STOP
(S (SBAR Though (S (ADJP *UNK (PP to (NP most investors )NP )PP )ADJP )S )SBAR , (NP (NP the question )NP (PP of (SBAR whether (S (VP to (VP list (NP options )NP (PP on (NP (QP more than one )QP exchange )NP )PP )VP )VP )S )SBAR )PP )NP (VP has (VP *UNKED (NP much interest )NP (PP in (NP Congress )NP )PP , (SBAR mainly because (S (NP regional exchanges )NP (VP fear (SBAR (S (NP the change )NP (VP could (VP *UNK (NP them )NP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP raised (NP the issue )NP (NP yesterday )NP (PP at (NP a hearing )NP )PP )VP . )S  STOP
(S (NP Mr. Breeden )NP , (S not (VP missing (NP a chance (S (VP to (VP press (NP his agenda )NP )VP )VP )S )NP )VP )S , (VP cited (NP the earthquake )NP )VP . )S  STOP
(S (NP That event )NP (PRN , (S (NP he )NP (VP contended )VP )S , )PRN (VP (ADVP simply )ADVP shows (NP (NP the `` *UNK '' )NP (PP of (S (VP having (NP *UNK )NP (PP on (NP (QP only one )QP exchange )NP )PP )VP )S )PP )NP )VP . )S  STOP
(SINV (PP In (NP (NP a corner )NP (PP of (NP the *UNK , new Nippon *UNKC Center )NP )PP )NP )PP (VP *UNK )VP (NP (NP Mazda Motor Corp. 's )NP *UNK- display )NP . )SINV  STOP
(NP (NP The *UNK )NP : (NP a `` *UNK control system )NP . '' )NP  STOP
(S (PP With (NP (NP the touch )NP (PP of (NP a *UNK )NP )PP )NP )PP , (NP drivers )NP (VP can (VP choose (PP from (NP *UNK , *UNK , *UNK or *UNK *UNK )NP )PP , (S (NP all )NP (VP *UNK (ADVP in )ADVP (PP through (NP (NP the car 's )NP *UNKING system )NP )PP )VP )S )VP )VP . )S  STOP
(S (S (S (NP The soft , *UNKING *UNK )NP (VP will `` (VP improve (NP ride *UNK )NP )VP )VP )S , '' (NP the display )NP (VP *UNK )VP )S , and (S (NP a *UNK employee )NP (VP says (SBAR (S (NP Mazda )NP (VP hopes (S (VP to (VP move (NP the system )NP (PP (PP out (PP of (NP the *UNK )NP )PP )PP and (PP into (NP its cars )NP )PP )PP (PP in (NP a year (QP or two )QP )NP )PP )VP )VP )S )VP )S )SBAR )VP )S . )S  STOP
(S (VP *UNKC (PP to (NP the *UNK Tokyo Motor Show )NP )PP . )VP )S  STOP
(S (ADVP Here )ADVP (NP you )NP (VP can (VP find (NP (NP (NP Mitsubishi Motors Corp. )NP (VP *UNKING (NP (NP a `` live *UNK *UNK )NP , '' (NP (NP a truck )NP (ADJP *UNK (PP to (NP (NP an *UNK )NP (PP on (NP *UNK )NP )PP )NP )PP )ADJP )NP , )NP )VP )NP and (NP (NP Nissan Motor Co. )NP (PP with (NP (NP its `` *UNK '' *UNKC )NP , (SBAR (WHNP whose doors )WHNP (S (VP *UNK (PP upon (S (VP *UNKING (NP (NP the owner 's )NP *UNK )NP )VP )S )PP )VP )S )SBAR )NP )PP )NP )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC Motor Co. 's )NP *UNKC sport vehicle )NP (VP (VP features (NP a *UNK- *UNK *UNK )NP )VP and (VP *UNK (NP drivers )NP (S (VP to (VP go `` (ADVP back (PP to (NP the nature )NP )PP )ADVP )VP )VP )S )VP )VP . '' )S  STOP
(S But (NP (NP this *UNK event )NP , (NP (NP (NP the world 's )NP largest display )NP (PP of (NP cars and trucks )NP )PP )NP , )NP (VP has (NP (NP its serious side )NP , (PP including (NP (NP the first major *UNK )NP (PP of (NP (NP future engines )NP and (NP *UNK- systems )NP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (S (NP It )NP (VP 's (ADVP also )ADVP (NP (NP the prime *UNK )NP (PP for (NP (NP a country )NP (SBAR (WHNP (WHNP whose world *UNK )WHNP (PP in (NP the industry )NP )PP )WHNP (S (VP is (VP (ADVP increasingly )ADVP acknowledged )VP )VP )S )SBAR )NP )PP )NP )VP )S , and (SINV (ADVP *UNK )ADVP (VP lies )VP (NP the draw )NP )SINV . )S  STOP
(S (S (NP (NP Even the biggest auto shows )NP (PP in (NP the U.S. )NP )PP )NP (VP are (NP (ADJP largely regional )ADJP affairs )NP )VP )S , but (S (NP the Tokyo show )NP (VP is (ADJP international )ADJP )VP )S . )S  STOP
(S (NP (NP *UNKLY every automotive analyst )NP (PP in (NP New York )NP )PP )NP (VP showed (PRT up )PRT )VP . )S  STOP
(S (NP *UNKC flights )NP (VP were (VP *UNKED (ADVP solid )ADVP (NP this week )NP (SBAR as (S (NP (NP Motor City executives )NP , (PP including (NP (NP Ford Motor Co. Chairman Donald E. *UNKC )NP and (NP Chrysler Corp. Vice Chairman Gerald *UNKC )NP )NP )PP , )NP (VP *UNKED (S (VP to (VP see (NP the future )NP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Even the Soviet Union )NP (VP came , (PP for (NP (NP the first time )NP (PP in (NP 24 years )NP )PP )NP )PP , (S (VP to (VP show (PRT off )PRT (NP (NP its *UNKC *UNKC sedan )NP and (NP its *UNK *UNK- `` *UNKC '' model )NP )NP )VP )VP )S )VP . )S  STOP
(SINV (ADVP Here )ADVP (VP 's )VP (NP (NP a *UNK look )NP (PP at (SBAR (SBAR (WHNP what )WHNP (S (NP the Japanese *UNK )NP (VP *UNKED )VP )S )SBAR , and (SBAR (WHNP what )WHNP (S (NP the foreign visitors )NP (VP saw )VP )S )SBAR )SBAR )PP )NP . )SINV  STOP
(NP New Technology )NP  STOP
(S (NP The hottest displays )NP (VP were (NP (NP items )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP passengers )NP (PP from (NP (NP *UNK )NP , (NP *UNK )NP and (NP (NP other *UNK )NP (PP of (NP the road )NP )PP )NP )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP These `` active suspension systems '' )NP (VP (VP (ADVP *UNKLY )ADVP sense (NP road conditions )NP )VP and (VP adjust (NP (NP a car 's )NP ride )NP )VP )VP . )S  STOP
(S (S (NP *UNKING suspension systems )NP (VP try (S (VP to (VP absorb (NP *UNK )NP )VP )VP )S )VP )S , but (S (NP active suspension )NP (VP provides (NP power )NP (S (VP to (VP counter (NP the *UNK )NP )VP )VP )S )VP )S . )S  STOP
(S (NP Nissan )NP , (PP in (NP a *UNK- *UNK )NP )PP , (VP (VP (ADVP modestly )ADVP compares (NP its `` *UNK active suspension '' )NP (PP to (NP a *UNK )NP )PP )VP , and (VP *UNK (NP the various parts )NP (PP to (NP (NP the animal 's )NP (NX (NX heart )NX , (NX brain )NX , (NX nerves )NX and (NX blood vessels )NX )NX )NP )PP )VP )VP . )S  STOP
(S (NP Toyota Motor Corp. )NP (ADVP *UNKLY )ADVP (VP *UNKED (NP its system )NP (PP in (NP (NP a car )NP (SBAR (WHNP that )WHNP (S (VP *UNK (PP in (NP half )NP )PP (S (VP to (VP reveal (NP (NP the suspension 's )NP *UNK *UNK )NP )VP )VP )S )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (S (NP Nissan )NP (VP says (SBAR (S (NP it )NP (VP will (VP introduce (NP its first system )NP (NP next month )NP (PP on (NP the Infiniti *UNKC luxury sedan )NP )PP )VP )VP )S )SBAR )VP )S , and (S (NP (NP Toyota 's )NP *UNKC *UNK )NP (VP will (VP go (PP on (NP sale )NP )PP (PP with (NP the suspension device )NP )PP (NP next spring )NP )VP )VP )S . )S  STOP
(S (S But (NP (NP drivers )NP (PP in (NP the U.S. )NP )PP )NP (VP must (VP wait )VP )VP )S : (S (NP The Japanese )NP , (PP for (ADVP now )ADVP )PP , (VP are (VP keeping (NP active suspension )NP (PP for (NP domestic use )NP )PP (ADVP only )ADVP )VP )VP )S . )S  STOP
(S And (NP (NP Detroit 's )NP Big Three auto makers )NP (VP say (SBAR (S (NP their systems )NP (VP are (ADVP still )ADVP (PP under (NP development )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP the engine department )NP )PP , (NP several companies )NP (VP *UNKED (NP (NP *UNK models )NP (SBAR (WHNP that )WHNP (S (PP within (NP a decade )NP )PP (VP (VP could (VP provide (NP (NP power )NP (ADJP equal (PP to (NP (NP today 's )NP engines )NP )PP )ADJP )NP )VP )VP and yet (VP take (PRT up )PRT (NP (QP only half )QP the space )NP , (S (VP allowing (PP for (NP *UNK *UNK )NP )PP )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (NP (NP the so-called *UNK- engines )NP , (SBAR (WHNP which )WHNP (S (VP are (VP expected (S (VP to (VP get (NP (ADJP sharply higher )ADJP gas *UNK )NP )VP )VP )S )VP )VP )S )SBAR )NP )PP , (NP each *UNK )NP (VP goes (ADVP up and down )ADVP (ADVP only once )ADVP (S (VP to (VP provide (NP power )NP )VP )VP )S )VP . )S  STOP
(S (PP By (NP contrast )NP )PP , (NP (NP the *UNK )NP (PP in (NP conventional *UNK- engines )NP )PP )NP (VP must (VP move (ADVP up and down )ADVP (ADVP twice )ADVP (PP in (NP each power cycle )NP )PP )VP )VP . )S  STOP
(S (NP (NP The *UNK- engine displays )NP (PP by (NP (NP Toyota )NP and (NP (NP Fuji Heavy Industries )NP , (NP (NP the maker )NP (PP of (NP *UNKC cars )NP )PP )NP , )NP )NP )PP )NP (VP drew (NP (NP plenty )NP (PP of (NP interest )NP )PP )NP (PP from (NP (NP U.S. auto executives )NP , (SBAR (WHNP who )WHNP (S (VP are (VP rushing (S (VP to (VP develop (NP *UNK- engines )NP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Honda Motor Co. )NP (VP shows (NP a (ADJP more conventional )ADJP *UNK- engine )NP (PP in (NP (NP the new *UNKC *UNKC model )NP , (SBAR (WHNP which )WHNP (S (VP made (NP its debut )NP (NP just this month )NP -- (PP in (NP Japan )NP )PP (ADVP only )ADVP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Honda )NP (VP says (SBAR (S (NP the *UNK- engine )NP (VP provides (NP (NP a compromise )NP (PP between (NP (NP (NP the *UNK- )NP (PP of (NP a *UNK- )NP )PP )NP , and (NP (NP the power )NP (PP of (NP a *UNKC )NP )PP )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP It )NP (VP is (VP rumored (S (VP to (VP be (VP *UNK (PP for (NP (NP a new model )NP (PP in (NP (NP the luxury *UNKC line )NP (PP in (NP the U.S. )NP )PP )NP )PP )NP )PP )VP )VP )VP )S )VP )VP )S , but (S (NP Honda officials )NP (VP would n't (VP comment )VP )VP )S . )S  STOP
(NP (NP *UNKC *UNKC )NP , (NP *UNKC *UNKC )NP )NP  STOP
(S (S (NP There )NP (VP 's (NP (NP plenty )NP (PP of (NP *UNK )NP )PP )NP (ADVP here )ADVP )VP )S , but (S (NP (NP it )NP )NP (VP is n't (ADVP always )ADVP (ADJP clear )ADJP (SBAR whether (S (NP it )NP (VP 's (ADJP *UNK )ADJP )VP )S )SBAR )VP )S . )S  STOP
(S (NP (NP The show 's )NP symbol )NP (VP is (NP (NP (NP a woman )NP (VP riding (PP on (NP a *UNK )NP )PP )VP )NP (PRN , not (NP (NP your usual *UNK )NP (PP for (NP speed and *UNK )NP )PP )NP )PRN )NP )VP . )S  STOP
(S (S But (NP the sponsors )NP (VP have (NP an explanation )NP )VP )S : `` (S (PP Through (NP (NP the character )NP (VP associated (PP with (NP a *UNK )NP )PP )VP )NP )PP (PRN , '' (S (NP they )NP (VP say )VP )S , )PRN `` (NP (NP important values )NP (PP such as (NP (NP (NP *UNK )NP (PP with (NP nature )NP )PP )NP and (NP (NP *UNK )NP (PP for (NP the future )NP )PP )NP )NP )PP )NP (VP are (VP sought )VP )VP )S . '' )S  STOP
(S (S (NP Japanese auto makers )NP (VP are (VP known (PP for (S (VP coming (PRT up )PRT (PP with (NP *UNK names )NP )PP )VP )S )PP )VP )VP )S , but (S (NP this year )NP (NP the practice )NP (VP seems (S (VP to (VP have (VP reached (NP a new high -- or low )NP )VP )VP )VP )S )VP )S . )S  STOP
(S (NP Honda )NP (VP has (NP (NP (NP a tiny *UNK )NP (VP called (S (NP the *UNKC )NP )S )VP )NP , and (NP (NP a (ADJP slightly larger )ADJP *UNK )NP , (NP the *UNKC )NP )NP )NP )VP . )S  STOP
(S (NP Mitsubishi )NP (VP has (NP (NP a *UNK delivery truck )NP (VP called (S (NP the *UNKC )NP )S )VP )NP )VP . )S  STOP
(S (NP Mazda )NP (VP has (NP (NP the *UNKC truck )NP and (PRN , (PP under (NP its *UNKC *UNK )NP )PP , )PRN (NP (NP a `` *UNK '' )NP (VP called (S (NP the *UNKC )NP )S )VP )NP )NP )VP . )S  STOP
(S (NP Its *UNK Carol *UNK )NP (VP is `` (VP designed (PP with (NP *UNK , *UNK and *UNK )NP )PP )VP )VP . '' )S  STOP
(S But (NP the court *UNK )NP (VP appears (S (VP to (VP be (NP (NP (NP Japan 's )NP smallest car maker )NP , (NP *UNKC Motor Co )NP )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP One )NP (PP of (NP its *UNK *UNK )NP )PP )NP (VP is (NP (NP the *UNK *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP (VP seats (NP (QP just one )QP person )NP (PP in (NP front )NP )PP )VP and (VP could (VP hold (NP a (NX (NX small child )NX and (NX (NX *UNK )NX (PP of (NP *UNK )NP )PP )NX )NX )NP (PP in (NP the *UNK )NP )PP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP *UNKC )NP (ADVP also )ADVP (VP has (NP (NP the *UNKC 90 )NP , (NP the *UNKC *UNKC )NP and (NP the *UNKC *UNKC )NP )NP )VP . )S  STOP
(S (NP The *UNK )NP (VP are n't (ADVP just )ADVP (PP on (NP the Japanese )NP )PP , (ADVP though )ADVP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC *UNK *UNKC Renault )NP , (NP the French auto maker )NP , )NP (VP has (NP (NP a concept car )NP (VP called (S (NP the *UNKC )NP )S )VP )NP )VP . )S  STOP
(S (S (NP The name )NP (VP is (VP supposed (S (VP to (VP *UNK (NP *UNK *UNK )NP )VP )VP )S )VP )VP )S , but (S (PP in (NP Japanese )NP )PP (NP it )NP (VP means `` (NP *UNK )NP )VP )S . '' )S  STOP
(NP Foreign *UNKC )NP  STOP
(S (NP Foreign auto makers )NP (VP are (VP taking (NP the Tokyo Motor Show )NP (ADVP (ADVP more seriously )ADVP (PP than (ADVP ever )ADVP )PP )ADVP )VP )VP . )S  STOP
(S (NP AB *UNKC )NP (VP *UNK (NP *UNK- )NP (S (VP to (VP play `` (NP (NP the role )NP (PP of (NP the test *UNK )NP )PP )NP '' (PP by (S (VP *UNKING (PP in (NP (NP a car )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP a crash )NP (S (VP to (VP show (SBAR (WHADVP just how )WHADVP (S (NP its *UNK- *UNK )NP (VP works )VP )S )SBAR )VP )VP )S )VP )S )SBAR )NP )PP )VP )S )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP Hyundai Motor Co. )NP (PP of (NP South Korea )NP )PP )NP (VP has (NP (NP its *UNK- *UNK )NP (PP in (NP Tokyo )NP )PP )NP )VP . )S  STOP
(S (S (NP General Motors Corp. )NP (VP is (VP *UNKING (NP (NP its first independent display )NP (PP in (NP 10 years )NP )PP )NP )VP )VP )S , and (S (NP it )NP (VP includes (NP (NP a *UNK *UNKC station *UNK )NP (PP with (NP *UNK- side *UNK )NP )PP )NP )VP )S . )S  STOP
(S (NP Ford and Chrysler )NP (ADVP also )ADVP (VP have (NP *UNK )NP , (SBAR although (S (NP theirs )NP (VP are (VP *UNKED (PP in (NP (NP a separate room )NP (PP with (NP the *UNK- automotive parts section )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP We )NP (VP 've (VP got (S (VP to (VP (VP get (PP out (PP of (NP the Detroit *UNK )NP )PP )PP )VP and (VP be (NP (NP part )NP (PP of (NP the world *UNK )NP )PP )NP )VP )VP )VP )S )VP )VP )S , '' (VP declares )VP (NP (NP Charles M. Jordan )NP , (NP (NP (NP GM 's )NP vice president )NP (PP for (NP design )NP )PP )NP , )NP (PP in (S (VP explaining (NP (NP his *UNK )NP (PP to (NP the Tokyo Show )NP )PP )NP )VP )S )PP . )SINV  STOP
(S (ADVP Even so )ADVP , (NP traditional American *UNK )NP (VP is n't (VP (ADVP *UNKLY )ADVP *UNKED )VP )VP . )S  STOP
(S (NP Ford officials )NP , (PP for (NP example )NP )PP , (VP *UNKED (PP about (NP their *UNK- Tokyo Grand *UNKC *UNKING victory )NP )PP )VP . )S  STOP
(S (ADVP *UNKC )ADVP , (NP Ford )NP (VP was (VP declared (S (NP the winner )NP )S (NP Sunday )NP , but (SBAR only after (S (NP (NP the Honda *UNK )NP (SBAR (WHNP who )WHNP (S (VP *UNKED (NP the finish line )NP (ADVP first )ADVP )VP )S )SBAR )NP (VP was (VP *UNKED (SBAR because (S (NP it )NP (VP (VP hit (NP another car )NP )VP and (VP *UNK (ADVP *UNKLY )ADVP (PP out (PP of (NP *UNK )NP )PP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Mr. Jordan )NP (PP of (NP GM )NP )PP )NP , (ADVP meanwhile )ADVP , (ADVP still )ADVP (VP *UNK (NP Japanese *UNKING )NP )VP . )S  STOP
(S `` (NP (NP It )NP )NP (VP 's (ADJP hard )ADJP (PP for (NP the Japanese )NP )PP (PRN , '' (S (NP he )NP (VP says )VP )S , )PRN `` (S (VP (VP to (VP get (NP a feeling )NP (PP in (NP a car )NP )PP )VP )VP , (VP to (VP get (NP a *UNK )NP (PP in (NP a car )NP )PP )VP )VP , (VP to (VP get (NP *UNK )NP (PP in (NP a car )NP )PP )VP )VP )VP )S )VP . )S  STOP
(FRAG (S (VP *UNKING (NP (NP your Sept. 28 *UNKC & *UNKC column )NP (PP on (NP (NP the party differences )NP (PP over (S (VP (VP cutting (NP capital gains )NP )VP or (VP expanding (NP *UNKC )NP )VP )VP )S )PP )NP )PP )NP )VP )S : (FRAG (WHADVP Why not )WHADVP (VP (VP compromise (ADVP now )ADVP )VP and (VP save (NP the public )NP (PP from (NP (NP the coming *UNK congressional political rhetoric )NP (SBAR (WHNP that )WHNP (S (VP seems (S (VP to (VP go (NP (NP hand )NP (PP in (NP hand )NP )PP )NP (PP with (NP the process )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP )FRAG ? )FRAG  STOP
(S (NP The Republicans )NP (VP maintain (SBAR that (S (NP a (ADJP 30 % )ADJP capital-gains *UNK )NP (VP will (VP (VP raise (NP revenue )NP (PP in (NP the short term )NP )PP )VP and (VP *UNK (NP economic investment )NP )VP )VP )VP )S )SBAR , (SBAR while (S (NP the Democrats )NP (VP maintain (SBAR that (S (NP (NP (NP an increase )NP (PP in (NP the top *UNK- rate )NP )PP )NP and (NP expanded IRAs )NP )NP (VP will (VP (VP raise (NP revenue )NP )VP and (VP spur (NP savings )NP )VP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP This )NP (VP is (NP (NP a classic example )NP (PP of (NP (NP the old saying )NP , `` (S (NP The whole )NP (VP is (ADJP (ADJP greater )ADJP (PP than (NP (NP the sum )NP (PP of (NP its parts )NP )PP )NP )PP )ADJP )VP )S )NP )PP )NP )VP . '' )S  STOP
(S (NP (NP It )NP )NP (VP 's (ADJP ridiculous )ADJP (SBAR for (S (NP (NP a family )NP (PP with (NP (NP taxable income )NP (PP of (NP $ 50,000 )NP )PP )NP )PP )NP (VP to (VP pay (NP the same (ADJP 28 % )ADJP *UNK tax rate )NP (PP as (NP (NP a family )NP (PP with (NP (NP taxable income )NP (PP of (NP $ 250,000 )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The (ADJP 33 % )ADJP *UNK )NP (VP should (VP apply (PP to (NP (NP (NP all income )NP (PP over (NP the *UNK level )NP )PP )NP , not (NP just the (ADJP 5 % )ADJP rate adjustment amount )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP 's (ADJP equally ridiculous )ADJP (S not (VP to (VP provide (NP a (UCP capital investment or *UNK- )UCP tax incentive )NP )VP )VP )S )VP . )S  STOP
(NP Jeffrey T. *UNKC )NP  STOP
(S (NP PWA Corp. )NP (VP said (SBAR (S (NP it )NP (VP plans (S (VP to (VP sell (PP by (NP spring 1992 )NP )PP (NP (NP (QP all 15 )QP passenger planes )NP (SBAR (S (NP it )NP (VP acquired (NP earlier this year )NP (PP in (NP (NP its (ADJP (ADJP (QP *UNKN million )QP Canadian dollar )ADJP (PRN -LRB- (ADJP (QP US$ *UNKN million )QP )ADJP -RRB- )PRN )ADJP purchase )NP (PP of (NP *UNKC Inc )NP )PP )NP )PP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP PWA )NP , (SBAR (WHNP which )WHNP (S (ADVP recently )ADVP (VP merged (NP (NP *UNKC 's )NP operations )NP (PP with (NP (NP those )NP (PP of (NP (NP *UNKED Canadian Airlines International Ltd. )NP , (NP (NP Canada 's )NP *UNK- airline )NP )NP )PP )NP )PP )VP )S )SBAR , )NP (VP said (SBAR (S (NP the proposed sale )NP (VP is (NP (NP part )NP (PP of (NP (NP a revised five-year plan )NP (VP aimed (PP at (S (VP (VP streamlining (NP its fleet )NP )VP and (VP *UNKING (NP debt )NP )VP )VP )S )PP )VP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP PWA )NP (VP would n't (VP estimate (NP (NP the value )NP (PP of (NP (NP (NP *UNKC 's )NP aircraft )NP , (SBAR (WHNP which )WHNP (S (VP include (NP (NP 12 *UNKC *UNKC )NP and (NP three Boeing *UNK- )NP )NP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S But (NP (NP James Ireland )NP , (NP (NP a *UNKED technical analyst )NP (PP with (NP (NP *UNKC Inc. )NP , (NP an aircraft evaluation firm )NP )NP )PP )NP , )NP (VP estimated (NP (NP the total `` *UNK- '' value )NP (PP of (NP the 15 planes )NP )PP )NP (PP at (NP (QP about $ 650 million or more )QP )NP )PP )VP . )S  STOP
(S (NP Mr. Ireland )NP (VP said (SBAR (S (NP (NP 11 *UNKC aircraft )NP (SBAR (WHNP that )WHNP (S (NP PWA )NP (ADVP also )ADVP (VP said (SBAR (S (NP it )NP (VP plans (S (VP to (VP sell )VP )VP )S , (S (VP beginning (PP in (NP 1992 )NP )PP )VP )S , )VP )S )SBAR )VP )S )SBAR )NP (VP have (NP (NP a current *UNK- value )NP (PP of (NP (NP (NP (QP about $ 34 million )QP )NP (NP each )NP )NP , or (NP a total (QP $ *UNKN million )QP )NP )NP )PP )NP , (S (VP raising (NP (NP *UNK potential proceeds )NP (PP from (NP the aircraft sale )NP )PP )NP (PP to (NP (QP about $ 1.02 billion )QP )NP )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Ireland )NP (VP said (SBAR (S (NP (NP current demand )NP (PP for (NP used aircraft )NP )PP )NP (VP is (ADJP strong )ADJP , (SBAR partly because (S (NP (NP *UNKING orders )NP (PP for (NP new aircraft )NP )PP )NP (VP have (VP *UNKED (NP waiting lists )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP predicted (SBAR that (S (NP PWA )NP (VP would (VP have (NP (NP little difficulty )NP (S (VP attracting (NP prospective buyers )NP )VP )S )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Under (NP its revised fleet plan )NP )PP , (NP PWA )NP (VP said (SBAR (S (NP it )NP (VP will (ADVP also )ADVP (VP (VP increase (NP (NP its existing fleet )NP (PP of (NP eight Boeing *UNK- aircraft )NP )PP )NP (PP to (NP 18 )NP )PP (PP by (NP 1994 )NP )PP )VP , and (VP add (NP (QP four more )QP Boeing *UNK- )NP (PP by (NP 1994 )NP )PP (PP to (NP (NP the two units )NP (SBAR (WHNP that )WHNP (S (NP it )NP (ADVP previously )ADVP (VP planned (S (VP to (VP add (PP by (NP next year )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP PWA )NP (VP said (SBAR (S (NP (NP two )NP (PP of (NP (NP the Boeing *UNK- aircraft )NP (VP scheduled (PP for (NP delivery )NP )PP (PP in (NP 1990 )NP )PP )VP )NP )PP )NP (VP would (VP be (VP leased (PRT out )PRT (PP for (NP (QP two to five )QP years )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP PWA )NP (VP did n't (VP disclose (NP (NP the expected net cost )NP (PP of (NP the fleet overhaul )NP )PP )NP )VP )VP )S , but (S (NP a Toronto-based analyst )NP (VP estimated (NP it )NP (PP at (NP (NP (QP about $ 450 million )QP )NP (PRN -LRB- (NP US )NP -RRB- )PRN , (PP excluding (NP (NP (NP replacement costs )NP (PP for (NP (NP the 11 *UNKC aircraft )NP (SBAR (WHNP that )WHNP (S (NP PWA )NP (VP plans (S (VP to (VP sell )VP )VP )S )VP )S )SBAR )NP )PP )NP , and (NP (NP purchase costs )NP (PP for (NP (NP (QP as many as 17 )QP *UNKC *UNKN aircraft )NP (SBAR (WHNP that )WHNP (S (NP PWA )NP (ADVP previously )ADVP (VP ordered )VP )S )SBAR )NP )PP )NP )NP )PP )NP )PP )VP )S . )S  STOP
(S `` (NP I )NP (VP do n't (VP see (NP this )NP (PP as (NP a debt reduction exercise )NP )PP )VP )VP . )S  STOP
(S (S (NP It )NP (VP 's (VP focused (PP on (S (VP streamlining '' (NP (NP PWA 's )NP fleet )NP (PP in (NP a bid (S (VP to (VP cut (NP training and aircraft *UNKING costs )NP )VP )VP )S )NP )PP )VP )S )PP )VP )VP )S , (NP the analyst )NP (VP said )VP . )S  STOP
(S (NP (NP PWA 's )NP long-term debt and capital lease obligations )NP (VP rose (PP to (NP (NP (NP (QP C$ *UNKN billion )QP )NP (PP at (NP (NP the end )NP (PP of (NP the second quarter )NP )PP )NP )PP )NP , (NP (QP nearly double )QP the year-earlier figure )NP )NP )PP , (S (VP reflecting (NP (NP debt )NP (VP *UNKED (PP under (NP the *UNKC purchase )NP )PP )VP )NP )VP )S )VP . )S  STOP
(S (NP PWA )NP (VP said (SBAR (S (NP it )NP (ADVP also )ADVP (VP expects (S (VP to (VP announce (PP by (NP Tuesday )NP )PP (SBAR whether (S (NP it )NP (VP will (VP take (NP (NP delivery )NP (PP of (NP (NP (QP all 17 )QP *UNKC *UNKN aircraft )NP (SBAR (S (NP it )NP (ADVP previously )ADVP (VP ordered )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The first five leased units )NP (VP were (S (VP to (VP be (VP delivered (PP in (NP 1991 )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP (NP (NP This British (UCP banking and financial-services )UCP group 's )NP investment-banking arm )NP , (NP *UNKC de *UNKC *UNKC Group )NP , )NP (VP announced (NP (NP the following *UNK )NP (PP at (NP its *UNKING subsidiary *UNKC de *UNKC *UNKC Ltd )NP )PP )NP )VP . )S  STOP
(S (NP (NP John *UNKC )NP , (ADJP (NP 51 years )NP old )ADJP , )NP (VP was (VP named (S (NP a deputy chairman )NP )S )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (ADVP currently )ADVP (NP (NP a director )NP (PP at (NP *UNKC de *UNKC *UNKC Ltd )NP )PP )NP )VP . )S  STOP
(S (NP (NP Graham *UNKC )NP , (NP 40 )NP , )NP (VP was (VP named (PP to (NP (NP the new post )NP (PP of (NP (NP chief executive officer )NP (PP of (NP the *UNKING *UNK- division )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP 45 )NP , )NP (VP was (VP named (S (UCP (PP to (NP (NP the new post )NP (PP of (NP (NP deputy head )NP (PP of (NP the *UNK- division )NP )PP )NP )PP )NP )PP and (NP a managing director )NP )UCP )S )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP and (NP Mr. *UNKC )NP )NP (VP join (NP *UNKC 's )NP (PP from (NP (NP Kleinwort Benson Ltd. )NP (SBAR (WHADVP where )WHADVP (S (NP they )NP (VP served (PP as (NP directors )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP The recent bids )NP (PP for (NP United and American Airlines )NP )PP )NP (VP have (VP led (S (NP Congress )NP (VP to (VP move (PP with (NP *UNK speed )NP )PP (S (VP to (VP protect (NP *UNK airline *UNK )NP )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (NP The House )NP (VP is (VP scheduled (S (VP to (VP vote (NP today )NP (PP on (NP (NP an *UNK- bill )NP (SBAR (WHNP that )WHNP (S (VP would (VP block , (PP for (NP (QP up to 50 )QP days )NP )PP , (NP (NP (NP any bid )NP (PP for (NP (NP (QP 15 % or more )QP )NP (PP of (NP a U.S. airline )NP )PP )NP )PP )NP , (NP even a straight cash purchase )NP )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Transportation Secretary Sam *UNKC )NP , (SBAR (WHNP who )WHNP (S (ADVP earlier )ADVP (VP fueled (NP the *UNK- *UNK )NP (PP with (NP (NP his *UNK- attacks )NP (PP on (NP (NP foreign investment )NP (PP in (NP U.S. carriers )NP )PP )NP )PP )NP )PP )VP )S )SBAR , )NP (ADVP now )ADVP (VP says (SBAR (S (NP the bill )NP (VP would (VP (ADVP further )ADVP *UNK (NP the *UNK capital markets )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Texas Rep. Steve Bartlett )NP , (SBAR (WHNP who )WHNP (S (VP has (NP 40,000 American Airlines workers )NP (PP in (NP his district )NP )PP )VP )S )SBAR , )NP (VP says (SBAR (S (NP the bill )NP (VP is `` (NP (NP good politics )NP , but (NP bad law )NP )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP It )NP )NP (VP is (ADJP *UNK )ADJP (SBAR that (S (PP at (NP (NP a time )NP (SBAR (WHADVP when )WHADVP (S (NP (NP America 's )NP partial airline deregulation )NP (VP is (VP being (VP *UNKED (PP by (NP (NP governments )NP (PP (PP from (NP New Zealand )NP )PP (PP to (NP *UNKC )NP )PP )PP )NP )PP )VP )VP )VP )S )SBAR )NP )PP , (NP (NP so many )NP (PP in (NP Congress )NP )PP )NP (VP favor (NP (NP an *UNK- program )NP (PP for (NP airlines )NP )PP (SBAR (WHNP that )WHNP (S (VP would (VP be (ADJP more appropriate )ADJP (PP for (NP (NP the Soviet airline )NP , (NP Aeroflot )NP )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Federal Reserve Chairman Alan Greenspan )NP (VP told (NP Congress )NP (SBAR that (S (NP the Fed )NP (VP can (VP *UNK (PRT out )PRT (NP inflation )NP (PP without (S (VP causing (NP a recession )NP )VP )S )PP )VP )VP )S )SBAR )VP )S , but (S (NP he )NP (VP said (SBAR (S (S (VP doing (ADVP so )ADVP )VP )S (VP (VP will (VP *UNK (NP some short-term *UNK )NP )VP )VP and (VP will (VP require (S (VP reducing (NP the federal deficit )NP (ADVP sharply )ADVP )VP )S )VP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP Mr. Greenspan )NP (VP said (SBAR (S (NP (NP he )NP and (NP other Fed *UNK )NP )NP (VP *UNK (NP (NP a bill )NP (PP by (NP (NP Rep. Stephen Neal )NP (PRN -LRB- (NP D. )NP , (NP *UNKC )NP -RRB- )PRN )NP )PP (SBAR (WHNP that )WHNP (S (VP would (VP require (S (NP the Fed )NP (VP to (VP pursue (NP (NP policies )NP (VP aimed (PP at (S (VP eliminating (NP inflation )NP (PP within (NP five years )NP )PP )VP )S )PP )VP )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S `` (S (S (NP Such a deadline )NP (VP is (ADJP *UNK )ADJP )VP )S , but (S (NP it )NP (VP would (VP have (NP costs )NP )VP )VP )S )S , '' (NP Mr. Greenspan )NP (VP told (NP (NP Rep. Neal 's )NP monetary policy subcommittee )NP )VP . )S  STOP
(S (NP The Fed chief )NP (VP opposed (NP (NP a bill )NP (PRN - (VP introduced (PP by (NP *UNKC (NX (NX (NX Lee Hamilton )NX (PRN -LRB- (NP D. )NP , (NP Ind. )NP -RRB- )PRN )NX and (NX (NX *UNKC *UNKC )NX (PRN -LRB- (NP D. )NP , (NP *UNKC )NP -RRB- )PRN )NX )NX )NP )PP )VP -- )PRN (SBAR (WHNP that )WHNP , (S (PP among (NP other things )NP )PP , (VP would (VP require (S (NP the Fed )NP (VP to (VP (VP disclose (NP all monetary policy moves )NP (ADVP immediately )ADVP )VP and (VP increase (NP (NP outside scrutiny )NP (PP of (NP the Fed )NP )PP )NP )VP )VP )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (S (VP responding (PP to (NP questions )NP )PP )VP )S )PP , (NP Mr. Greenspan )NP (VP played (PRT down )PRT (NP (NP reports )NP (PP of (NP (NP tension )NP (PP between (NP (NP the Fed )NP and (NP the Treasury )NP )NP )PP (PP over (NP exchange-rate policy )NP )PP )NP )PP )NP )VP . )S  STOP
(S `` (S (SBAR (WHNP What )WHNP (S (VP seem (S (VP to (VP be (VP interpreted (PP as (NP great conflicts )NP )PP )VP )VP )VP )S )VP )S )SBAR (VP are (NP (NP (ADJP relatively minor )ADJP issues )NP (PP of (NP tactics )NP )PP )NP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP He )NP (VP did n't (VP elaborate )VP )VP . )S  STOP
(S (S But (NP the Fed )NP (VP is n't (ADJP *UNK (PP about (NP Treasury efforts (S (VP to (VP bring (PRT down )PRT (NP (NP the value )NP (PP of (NP the dollar )NP )PP )NP (PP through (NP (NP intervention )NP (PP in (NP foreign-exchange markets )NP )PP )NP )PP )VP )VP )S )NP )PP )ADJP )VP )S , and (S (NP the Treasury )NP (VP is (VP frustrated (PP at (NP (NP the Fed 's )NP reluctance (S (VP to (VP cut (NP interest rates )NP (S (VP to (VP pull (PRT down )PRT (NP (NP the dollar 's )NP value )NP )VP )VP )S )VP )VP )S )NP )PP )VP )VP )S . )S  STOP
(S (NP Mr. Greenspan )NP (VP said (SBAR (S (S (NP (NP the inflation rate )NP (PRN , (ADVP currently )ADVP (NP (QP about 4 1\/2 )QP % )NP , )PRN )NP `` (VP could (VP be (VP brought (PRT down )PRT (PP to (NP (NP levels )NP (SBAR (WHNP which )WHNP (S (VP are (ADJP close (PP to (NP zero )NP )PP )ADJP )VP )S )SBAR )NP )PP (PP without (S (VP putting (NP the economy )NP (PP into (NP a recession )NP )PP )VP )S )PP )VP )VP )VP )S , but (S (NP I )NP (VP do (VP suspect (SBAR that (S (NP there )NP (VP might (VP be (NP (NP some modest loss )NP (PP of (NP economic output )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )S )SBAR )VP . '' )S  STOP
(S (PP In (NP other words )NP )PP , (S (NP economic growth )NP (VP would (VP be (ADJP lower )ADJP )VP )VP )S and (S (NP unemployment )NP (VP would (VP be (ADJP higher )ADJP )VP )VP )S (PP for (NP a few years )NP )PP . )S  STOP
(S But (NP (NP Mr. Greenspan )NP , (SBAR (WHNP who )WHNP (S (VP has (ADVP repeatedly )ADVP (VP said (SBAR (S (NP (NP the Fed 's )NP goal )NP (VP is (S (VP to (VP reduce (NP inflation )NP )VP )VP )S )VP )S )SBAR )VP )VP )S )SBAR , )NP (VP added (SBAR that `` (S (SBAR (WHNP whatever losses )WHNP (S (VP are (VP incurred (PP in (NP (NP the pursuing )NP (PP of (NP price stability )NP )PP )NP )PP )VP )VP )S )SBAR (VP would (ADVP surely )ADVP (VP be (ADVP more than )ADVP (VP made (PRT up )PRT (PP in (NP increased output )NP )PP (ADVP thereafter )ADVP )VP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP warned (SBAR that (S (NP Fed efforts (S (VP to (VP *UNK (NP inflation )NP )VP )VP )S )NP (VP (VP would (VP fail )VP )VP (PRN -- and (VP could (VP produce (NP `` a major financial crunch '' )NP )VP )VP -- )PRN (SBAR unless (S (NP they )NP (VP are (VP accompanied (PP by (NP (NP a significant reduction )NP (PP in (NP (NP the federal deficit )NP , (SBAR (WHNP which )WHNP (S (VP causes (S (NP the government )NP (VP to (VP borrow (ADVP heavily )ADVP )VP )VP )S )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Rep. Neal 's )NP bill )NP (ADVP originally )ADVP (VP called (PP on (NP the Fed )NP )PP (S (VP (VP to (VP reduce (NP the inflation rate )NP (PP by (NP (NP one percentage point )NP (NP a year )NP )NP )PP (PP for (NP five years )NP )PP )VP )VP and (VP to (VP maintain (NP a zero inflation rate )NP (ADVP thereafter )ADVP )VP )VP )VP )S )VP . )S  STOP
(S (NP He )NP (VP altered (NP the *UNKING )NP (S (VP to (VP win (NP (NP Mr. Greenspan 's )NP *UNK )NP )VP )VP )S )VP . )S  STOP
(S (ADVP Even so )ADVP , (NP his bill )NP (VP is (VP given (NP (NP little chance )NP (PP of (NP passage )NP )PP )NP )VP )VP . )S  STOP
(S (NP *UNKC Hamilton and *UNKC )NP (ADVP also )ADVP (VP have (VP altered (NP their bill )NP , (S (VP dropping (NP a proposal (S (VP to (VP add (NP the Treasury secretary )NP (PP to (NP (NP the *UNK- Fed committee )NP (SBAR (WHNP that )WHNP (S (VP makes (NP monetary policy )NP )VP )S )SBAR )NP )PP )VP )VP )S )NP )VP )S )VP )VP . )S  STOP
(S (ADVP Instead )ADVP , (NP the bill )NP (ADVP simply )ADVP (VP calls (PP for (NP (NP *UNK- meetings )NP (PP between (NP (NP the committee )NP and (NP top administration officials )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Even that )NP (VP met (PP with (NP (NP Mr. Greenspan 's )NP *UNK )NP )PP (SBAR because (S (NP it )NP (VP (VP might (VP subject (NP the Fed )NP `` (PP to (NP a (ADJP (ADVP more *UNKLY )ADVP political )ADJP perspective )NP )PP '' )VP )VP and `` (VP could (VP risk (S (VP *UNKING (NP monetary policy )NP (ADVP away (PP from (NP long-term strategic goals )NP )PP )ADVP )VP )S )VP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (S (SBAR While (S (NP (NP each )NP (PP of (NP the *UNKC proposals )NP )PP )NP (VP represents (NP only a small step )NP )VP )S )SBAR , (ADVP together )ADVP (NP they )NP (VP would (VP erode (NP (NP the Fed 's )NP independence )NP )VP )VP )S , (NP Mr. Greenspan )NP (VP said )VP . )S  STOP
(S (NP Mr. Greenspan )NP (ADVP also )ADVP (VP said (SBAR that (S (SBAR although (S (NP he )NP (VP favors (S (VP cutting (NP capital-gains taxes )NP (PP as (NP sound economic policy )NP )PP )VP )S )VP )S )SBAR , (NP he )NP (VP would (VP oppose (NP such a move )NP (SBAR if (S (NP it )NP (VP would (VP (VP *UNK (NP (NP the political compromise )NP (VP *UNKED (PP in (NP (NP the Tax Reform Act )NP (PP of (NP 1986 )NP )PP )NP )PP )VP )NP )VP and (VP result (PP in (NP higher marginal income tax rates )NP )PP )VP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Sears , *UNKC & Co. )NP (VP signed (NP (NP a contract )NP (PP with (NP (NP Bob *UNKC )NP , (NP (NP the former host )NP (PP of (NP (NP the popular public television program )NP `` (NP This Old House )NP )NP )PP )NP , '' (SBAR (S (VP to (VP star (PP in (NP (NP a half-hour home improvement show )NP (VP sponsored (PP by (NP the giant retailer )NP )PP )VP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP (NP The *UNK- show )NP , (VP slated (S (VP to (VP start (S (VP airing )VP )S (PP by (NP June 1990 )NP )PP )VP )VP )S )VP , )NP (VP (VP marks (NP (NP (NP Sears 's )NP entry )NP (PP into (NP (NP the *UNKING market )NP (PP of (NP home repair television programs )NP )PP )NP )PP )NP )VP and (VP could (VP bolster (NP (NP sales )NP (PP of (NP its home improvement products )NP )PP )NP )VP )VP )VP . )S  STOP
(S (PP In (NP recent months )NP )PP , (NP (NP sales )NP (PP of (NP home improvement items )NP )PP )NP (VP have (VP *UNKED , (ADVP along (PP with (NP (NP sales )NP (PP of (NP other big ticket durable goods )NP )PP )NP )PP )ADVP )VP )VP . )S  STOP
(S (NP The show )NP (ADVP also )ADVP (VP signals (NP (NP (NP Mr. *UNKC 's )NP return )NP (PP as (NP a television *UNK )NP )PP )NP )VP . )S  STOP
(S (NP Earlier this year )NP , (NP (NP public television station *UNKC )NP (PP in (NP Boston )NP )PP )NP (VP fired (NP Mr. Vila )NP (SBAR after (S (NP a sponsor )NP (VP *UNKED (NP (NP some )NP (PP of (NP his numerous commercial *UNK )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (PP With (NP (NP Mr. Vila )NP (PP as (NP host )NP )PP )NP )PP , `` (NP This Old House )NP '' (VP became (NP (NP one )NP (PP of (NP (NP the Public Broadcasting Service 's )NP top 10 programs )NP )PP )NP , (S (VP (VP airing (ADVP weekly )ADVP (PP on (NP (NP (QP about 300 )QP )NP (PP of (NP (NP the network 's )NP stations )NP )PP )NP )PP )VP and (VP seen (PP by (NP (NP an average )NP (PP of (NP (QP 12 million )QP viewers )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S But (NP (NP Home *UNKC Inc. )NP , (NP an *UNKED home center chain )NP , )NP (VP *UNKED (SBAR (WHADVP when )WHADVP (S (NP Mr. Vila )NP (VP started (S (VP doing (NP commercial *UNK )NP (PP for (NP (NP *UNKC Home *UNKC )NP , (NP (NP a New Jersey building supply company )NP (SBAR (WHNP that )WHNP (S (VP *UNK (PP with (NP Home *UNKC )NP )PP (PP in (NP some markets )NP )PP )VP )S )SBAR )NP )NP )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP I )NP (VP 'm (ADJP *UNK (PP about (NP the change )NP )PP )ADJP )VP )S , '' (VP said )VP (NP (NP Mr. Vila )NP , (SBAR (WHNP whose new *UNKED program )WHNP (S (VP is (VP called (S `` (NP (NP Home *UNKC )NP (PP with (NP Bob Vila )NP )PP )NP )S )VP )VP )S )SBAR )NP . '' )SINV  STOP
(S (PP In (NP an interview )NP )PP , (NP Mr. Vila )NP (VP criticized (NP (NP his old show )NP , (SBAR (WHNP which )WHNP (S (VP is (VP continuing (PP with (NP a new host )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S `` (S (NP Public TV )NP (VP is (PP in (NP *UNK land )NP )PP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S `` (NP Last season )NP , (NP we )NP (VP did (NP (NP a story )NP (SBAR (WHNP that )WHNP (S (VP involved (S (VP spending (NP $ *UNKN )NP (PP in (S (VP converting (NP a *UNKLY house )NP (PP into (NP a bed and breakfast )NP )PP )VP )S )PP )VP )S )VP )S )SBAR )NP )VP . '' )S  STOP
(S (PP In (NP the new show )NP )PP (PRN , (S (NP he )NP (VP said )VP )S , )PRN `` (NP we )NP (VP 're (VP going (S (VP to (VP spend (NP $ 60,000 )NP (S (VP building (NP a start-up house )NP '' (PP for (NP a young couple )NP )PP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (SBAR While (S (NP Sears )NP (VP would n't (VP comment (PP on (NP (NP the *UNK )NP (PP over (NP (NP Mr. Vila 's )NP commercial *UNK )NP )PP )NP )PP )VP )VP )S )SBAR , (NP it )NP (VP appears (S (VP to (VP be (VP building (NP a *UNK )NP (PP around (NP (NP Mr. Vila 's )NP *UNK )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP His contract )NP (VP makes (S (NP him )NP (NP (NP `` exclusive '' spokesman )NP (PP for (NP (NP Sears 's )NP home improvement marketing campaigns )NP )PP )NP )S )VP . )S  STOP
(S (NP (NP (NP Ogilvy & Mather )NP (PP in (NP Chicago )NP )PP )NP , (NP (NP a unit )NP (PP of (NP WPP Group PLC )NP )PP )NP , )NP (VP will (VP handle (NP the advertising account and *UNK )NP )VP )VP . )S  STOP
(S (NP (NP The only other *UNK )NP (VP permitted (PP by (NP the contract )NP )PP )VP )NP (VP involves (NP (NP a series )NP (PP of (NP *UNKC home improvement and repair books )NP )PP )NP )VP . )S  STOP
(S (NP His other agreements (S (VP to (VP promote (NP products )NP )VP )VP )S )NP (VP have (VP expired )VP )VP . )S  STOP
(NP (NP Little matter )NP (PP for (NP (NP Mr. Vila )NP , (SBAR (WHNP who )WHNP (S (VP complains (SBAR that `` (S (NP public TV )NP (ADVP never )ADVP (VP paid (NP me )NP (NP (NP (QP more than $ 40,000 )QP )NP (NP a year )NP )NP )VP )S )SBAR )VP )S )SBAR )NP )PP . '' )NP  STOP
(S (NP He )NP (VP said (SBAR (S (NP (NP his compensation )NP (PP under (NP the Sears contract )NP )PP )NP (VP is `` (NP a (ADJP *UNK dollar )ADJP deal )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC A. Miller )NP , (ADJP (NP 52 years )NP old )ADJP , )NP (VP was (VP elected (S (NP (NP a director )NP (PP of (NP this electric utility company )NP )PP )NP )S , (S (VP filling (NP a vacancy )NP )VP )S )VP )VP . )S  STOP
(S (NP He )NP (VP is (NP (NP (NP president )NP and (NP chief executive officer )NP )NP (PP of (NP (NP *UNKC Inc. )NP (PP in (NP Detroit )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The White House )NP (VP has (VP decided (S (VP to (VP push (PP for (NP (NP changes )NP (PP in (NP *UNK law )NP )PP (SBAR (WHNP that )WHNP (S (VP are (VP designed (S (VP to (VP speed (NP (NP the removal )NP (PP of (NP *UNK chemicals )NP )PP (PP from (NP (NP the nation 's )NP food supply )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The proposed changes )NP , (SBAR (WHNP which )WHNP (S (VP are (VP scheduled (S (VP to (VP be (VP announced (NP today )NP )VP )VP )VP )S )VP )VP )S )SBAR , )NP (VP would (VP apply (PP to (NP (NP (NP *UNK )NP and (NP other *UNK )NP )NP (VP found (PP on (NP (ADJP fresh and processed )ADJP *UNK )NP )PP )VP )NP )PP , (PP according (PP to (NP federal officials )NP )PP )PP )VP )VP . )S  STOP
(S (NP Environmental groups )NP (VP (VP have (VP been (VP calling (PP for (NP (NP faster action )NP (PP on (NP dangerous *UNK )NP )PP )NP )PP )VP )VP )VP and (VP may (VP welcome (NP (NP part )NP (PP of (NP the proposal )NP )PP )NP )VP )VP )VP . )S  STOP
(S But (NP they )NP (VP are (ADVP already )ADVP (VP *UNKING (PP to (PRN , (PP among (NP other things )NP )PP , )PRN (NP a plan (S (VP to (VP give (NP more weight )NP (PP to (NP *UNK- considerations )NP )PP (PP in (S (VP *UNKING (NP *UNK )NP )VP )S )PP )VP )VP )S )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's (NP a tremendous disappointment )NP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP an attorney )NP (PP with (NP the Natural Resources Defense Council )NP )PP )NP )NP . )SINV  STOP
(S `` (S (VP *UNKING (S (NP the EPA )NP (VP to (VP *UNK (NP (NP continued use )NP (PP of (NP a chemical )NP )PP )NP (SBAR (WHADVP whenever )WHADVP (S (NP the benefits )NP (VP *UNK (NP the risks )NP )VP )S )SBAR )VP )VP )S )VP )S (VP is (ADVP absolutely )ADVP (NP (NP *UNK )NP (PP to (NP the environmental community )NP )PP )NP )VP . '' )S  STOP
(S (NP The Bush administration )NP (VP plans (S (VP (VP to (VP announce (NP (NP a series )NP (PP of (NP principles )NP )PP )NP )VP )VP and (VP to (VP work (PP with (NP congressional leaders )NP )PP (PP in (S (VP writing (NP (NP specific legislative proposals )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP them )NP )VP )S )SBAR )NP )VP )S )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP The principles )NP (VP would (VP give (NP the Environmental Protection Agency )NP (NP (NP increased authority and flexibility )NP (PP in (S (VP *UNKING (NP pesticides )NP )VP )S )PP )NP , (PP with (NP (NP the aim )NP (PP of (S (VP *UNKING (S (NP the agency )NP (VP to (VP move (ADVP more quickly )ADVP )VP )VP )S )VP )S )PP )NP )PP )VP )VP . )S  STOP
(S (NP There )NP (ADVP already )ADVP (VP are (NP (NP proposals )NP (VP pending (PP in (NP Congress )NP )PP )VP (S (VP to (VP overhaul (NP *UNK law )NP )VP )VP )S )NP )VP . )S  STOP
(S (NP *UNKC (S (VP to (VP *UNK (NP (NP the removal )NP (PP of (NP dangerous pesticides )NP )PP )NP )VP )VP )S )NP (VP gained (NP new *UNK )NP (PP during (NP (NP (NP this year 's )NP *UNKC *UNK )NP , (SBAR (WHADVP when )WHADVP (S (NP the EPA )NP (VP was (VP (ADVP *UNKLY )ADVP criticized (PP for (S (VP failing (S (VP to (VP *UNK (NP (NP the possible *UNK )NP , (NP (NP a growth regulator )NP (VP used (S (VP to (VP make (S (NP apples )NP (ADJP *UNK and *UNK )ADJP )S )VP )VP )S )VP )NP )NP )VP )VP )S )VP )S )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (S (NP The agency )NP (VP has (ADVP since )ADVP (VP acted (S (VP to (VP remove (NP *UNKC )NP (PP from (NP (NP the nation 's )NP grocery *UNK )NP )PP (PP by (NP May 31 , 1991 )NP )PP )VP )VP )S )VP )VP )S , and (S (NP the apple industry )NP (VP has (VP said (SBAR that (S (NP growers )NP (ADVP already )ADVP (VP have (VP stopped (S (VP using (NP the chemical )NP )VP )S )VP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (PP In (NP addition )NP )PP , (NP the principles )NP (VP attempt (S (VP to (VP eliminate (NP the so-called *UNKC *UNKC )NP )VP )VP )S )VP . )S  STOP
(S (PP Under (NP (NP the *UNKC clause )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (PP to (NP processed food )NP )PP )VP )S )SBAR , )NP )PP (NP a chemical )NP (VP is (VP banned (SBAR if (S (NP it )NP (VP causes (NP cancer )NP (PP in (NP laboratory animals )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP Under (NP (NP other laws )NP (VP *UNKING (PP to (NP *UNK use )NP )PP )VP )NP )PP , (ADVP however )ADVP , (NP that same chemical )NP (VP could (VP be (VP allowed (S (VP to (VP be (VP used (PP on (NP fresh food )NP )PP )VP )VP )VP )S (SBAR if (S (NP it )NP (VP fell (PP within (NP (NP the EPA 's )NP *UNK level )NP )PP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (PP Among (NP other changes )NP )PP , (NP the White House )NP (VP wants (S (VP to )VP )S )VP : )S  STOP
(VP -- *UNKC (NP the EPA )NP (NP (NP more flexibility )NP (SBAR (S (VP to (VP (VP *UNK (S (NP a *UNK )NP (NP an imminent *UNK )NP )S )VP and (VP pull (NP it )NP (PP from (NP the marketplace )NP )PP )VP )VP )VP )S )SBAR )NP . )VP  STOP
(VP -- *UNKED (PRT up )PRT (NP (NP the process )NP (PP for (S (VP removing (NP (NP a *UNK )NP (SBAR (WHNP that )WHNP (S (VP is n't (NP an imminent *UNK )NP )VP )S )SBAR )NP )VP )S )PP )NP . )VP  STOP
(VP -- *UNKC (NP states )NP (PP from (S (VP setting (NP (NP (ADJP more *UNK )ADJP *UNK levels )NP (PP for (NP a pesticide )NP )PP )NP (SBAR once (S (NP the federal government )NP (VP has (VP set (NP a standard )NP )VP )VP )S )SBAR )VP )S )PP . )VP  STOP
(VP -- *UNKC (NP the EPA )NP (NP (NP added *UNK )NP (SBAR (S (VP to (VP set (NP `` *UNK risk '' levels )NP (PP for (NP (NP pesticide *UNK )NP (PP in (NP processed food )NP )PP )NP )PP )VP )VP )S )SBAR )NP . )VP  STOP
(S (S (NP (NP *UNKC )NP (SBAR (WHNP that )WHNP (S (VP exceed (NP these risk levels )NP )VP )S )SBAR )NP (VP would (VP be (VP *UNKED )VP )VP )VP )S , but (S (NP (NP those )NP (SBAR (WHNP that )WHNP (S (VP fall (PP below (NP these levels )NP )PP )VP )S )SBAR )NP (VP would (VP be (VP allowed )VP )VP )VP )S . )S  STOP
(VP -- *UNKC (S (NP the EPA )NP (VP to (VP permit (NP (NP the continued use )NP (PP of (NP (NP pesticides )NP (SBAR (WHNP that )WHNP (S (VP exceed (NP its *UNK risk standard )NP )VP )S )SBAR )NP )PP )NP (SBAR if (S (NP (NP the benefits )NP (PP of (S (VP doing (ADVP so )ADVP )VP )S )PP )NP (VP *UNK (NP the cost )NP )VP )S )SBAR )VP )VP )S . )VP  STOP
(S (NP Financial markets )NP (VP took (NP (NP a *UNK break )NP (PP from (NP their recent wild gyrations )NP )PP )NP (SBAR with (S (S (NP stock prices )NP (VP falling (ADVP modestly )ADVP )VP )S , (S (NP bond prices )NP (VP posting (NP tiny gains )NP )VP )S and (S (NP the dollar )NP (ADJP almost unchanged )ADJP )S )S )SBAR )VP . )S  STOP
(S (NP The Dow Jones Industrial Average )NP (VP lost (NP *UNKN points )NP (PP to (NP *UNKN )NP )PP (PP in (NP moderate trading )NP )PP )VP . )S  STOP
(S (NP *UNKC Treasury bonds )NP (VP rose (ADVP slightly )ADVP (PP despite (NP (NP the *UNK )NP (PP on (NP the market )NP )PP (PP of (NP (NP (QP $ *UNKN billion )QP )NP (PP in (NP 30-year bonds )NP )PP (VP offered (PP by (NP the Resolution Funding Corp. )NP )PP (PP as (NP (NP part )NP (PP of (NP (NP (NP the government 's )NP bailout )NP (PP of (NP the savings and loan industry )NP )PP )NP )PP )NP )PP )VP )NP )PP )NP )PP )VP . )S  STOP
(S (NP The dollar )NP (VP was (UCP (ADJP barely changed (PP against (NP the (ADJP West German )ADJP mark )NP )PP )ADJP and (ADVP up (ADVP *UNKLY )ADVP (PP against (NP the Japanese yen )NP )PP )ADVP )UCP )VP . )S  STOP
(S (NP (NP Yesterday 's )NP sluggish action )NP (VP was (PP in (NP (NP marked contrast )NP (PP to (NP (NP the *UNKING and *UNKING )NP (PP of (NP stock prices )NP )PP (NP Tuesday )NP (SBAR after (S (NP (NP the proposed buy-out )NP (PP of (NP UAL Corp. )NP )PP )NP (ADVP once again )ADVP (VP collapsed )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP Traders )NP (VP said (SBAR (S (NP (NP the stock market 's )NP *UNKING moves )NP (VP have (VP prompted (S (NP many investors )NP (VP to (VP head (PP for (NP the sidelines )NP )PP (SBAR until (S (NP it )NP (VP *UNK (NP (NP some *UNK )NP (PP of (NP stability )NP )PP )NP )VP )S )SBAR )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Although (S (NP bond prices )NP (VP were n't (ADJP (ADJP as volatile )ADJP )ADJP (PP on (NP Tuesday trading )NP )PP (PP as (NP stock prices )NP )PP )VP )S )SBAR , (NP traders )NP (ADVP *UNK )ADVP (VP said (SBAR (S (NP action )NP (ADVP also )ADVP (VP was (ADJP much slower )ADJP (NP yesterday )NP (PP in (NP the Treasury market )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Bond investors )NP (VP (VP paid (NP (NP close attention )NP (PP to (NP (NP comments )NP (PP by (NP (NP Federal Reserve Chairman Alan Greenspan )NP , (SBAR (WHNP who )WHNP (S (VP was (VP *UNKING (PP before (NP a congressional hearing )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )VP , but (VP were n't (ADJP able (S (VP to (VP *UNK (NP (NP many *UNK )NP (PP about (NP (NP the future course )NP (PP of (NP (NP the Fed 's )NP monetary policy )NP )PP )NP )PP )NP )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (NP Many analysts )NP (VP are (VP expecting (S (NP the Fed )NP (VP to (VP lower (NP interest rates )NP (ADVP (ADVP at least )ADVP once more )ADVP (PP before (NP (NP the end )NP (PP of (NP the year )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP Investors )NP (ADVP now )ADVP (VP are (VP *UNKING (NP (NP (NP today 's )NP release )NP (PP of (NP (NP the preliminary estimate )NP (PP of (NP third-quarter gross national product )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP Economists )NP (VP predict (SBAR (S (NP the report )NP (VP will (VP show (NP (NP economic growth )NP (PP of (NP (QP about 2.5 )QP % )NP )PP (PP in (NP the third quarter )NP )PP , (SBAR (WHNP which )WHNP (S (VP would (VP have (NP (NP little effect )NP (PP on (NP financial markets )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP an unexpected *UNK )NP (NP either way )NP )NP (VP could (VP *UNK (NP bond and currency markets )NP )VP )VP . )S  STOP
(PP In (NP major market activity )NP : )PP  STOP
(S (NP Stock prices )NP (VP slipped (ADVP lower )ADVP (PP in (NP moderate trading )NP )PP )VP . )S  STOP
(S (NP (NP Volume )NP (PP on (NP the New York Stock Exchange )NP )PP )NP (VP totaled (NP (QP *UNKN million )QP shares )NP )VP . )S  STOP
(S But (NP (NP *UNKING issues )NP (PP on (NP the Big Board )NP )PP )NP (VP were (ADVP ahead (PP of (NP decliners )NP )PP (NP (NP *UNKN )NP (PP to (NP 700 )NP )PP )NP )ADVP )VP . )S  STOP
(S (NP Bond prices )NP (VP *UNKED (ADVP higher )ADVP )VP . )S  STOP
(S (NP (NP The Treasury 's )NP benchmark 30-year issue )NP (VP rose (NP (NP (NP (NP (QP less than an *UNK )QP )NP (PP of (NP a point )NP )PP )NP , or (NP (QP less than $ 1.25 )QP )NP )NP (PP for (NP (NP each $ 1,000 )NP (PP of (NP face amount )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP The yield )NP (PP on (NP the issue )NP )PP )NP (VP stood (PP at (NP 7.88 % )NP )PP )VP . )S  STOP
(S (NP The dollar )NP (VP was (ADJP virtually unchanged )ADJP )VP . )S  STOP
(S (PP In (NP late New York trading )NP )PP (NP the U.S. currency )NP (VP was (VP quoted (PP at (NP (NP *UNKN marks )NP and (NP *UNKN yen )NP )NP )PP , (PP compared (PP with (NP (NP (NP *UNKN marks )NP and (NP *UNKN yen )NP )NP (NP Tuesday )NP )NP )PP )PP )VP )VP . )S  STOP
(S (ADVP (NP A few years )NP ago )ADVP , (NP I )NP (VP was (PP on (NP (NP a panel )NP (PP of (NP journalists )NP )PP (SBAR (WHNP that )WHNP (S (VP discussed (NP (NP the `` image '' )NP (PP of (NP *UNK *UNK )NP )PP )NP (PP for (NP (NP an audience )NP (PP of (NP (NP *UNK information directors )NP and (NP others )NP )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP We *UNK )NP (ADVP quickly )ADVP (VP *UNKED (SBAR (SBAR that (CONJP not only )CONJP (SINV was (NP (NP the bad *UNK )NP (PP of (NP *UNK- college sports )NP )PP )NP (VP (ADVP *UNKLY )ADVP earned )VP )SINV )SBAR , (CONJP but also )CONJP (SBAR that (S (NP it )NP (VP could (VP be (VP *UNKED )VP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (S (NP *UNKC )NP (VP could (VP be (VP maintained )VP )VP )VP (PRN -- and (S (NP *UNK )NP (ADVP probably )ADVP (VP would (VP remain (ADJP full )ADJP )VP )VP )S -- )PRN (SBAR if (S (S (NP schedules )NP (VP were (VP reduced )VP )VP )S and (S (NP the games )NP (VP returned (PP to (NP the students )NP )PP )VP )S )S )SBAR )S , (NP we )NP (VP said )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP from (NP the audience )NP )PP )NP (VP reflected (NP (NP (ADJP widespread , if *UNK , )ADJP agreement )NP (PP with (NP those *UNK )NP )PP )NP )VP . )S  STOP
(S (SBAR As (S (NP the session )NP (VP broke (PRT up )PRT )VP )S )SBAR , (NP I )NP (VP was (VP approached (PP by (NP (NP a man )NP (SBAR (WHNP who )WHNP (S (VP identified (NP himself )NP (PP as (NP (NP the *UNK director )NP (PP of (NP a Big *UNKC university )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S `` (S (S (NP I )NP (VP 'd (VP love (S (VP to (VP see (S (NP sports )NP (VP cut (ADVP back )ADVP )VP )S )VP )VP )S )VP )VP , and (SINV (ADVP so )ADVP would (NP (NP a lot )NP (PP of (NP (NP my counterparts )NP (PP at (NP other schools )NP )PP )NP )PP )NP )SINV , )S but (S (NP everybody )NP (VP 's (ADJP afraid (S (VP to (VP make (NP the first move )NP )VP )VP )S )ADJP )VP )S )S , '' (NP he )NP (VP *UNKED )VP . )S  STOP
(S `` (S (NP It )NP (VP 's (PP like (NP (NP the U.S. )NP and (NP the *UNKC )NP )NP )PP )VP )S : (S (NP Nobody )NP (VP wants (S (VP to (VP *UNK (ADVP first )ADVP )VP )VP )S )VP )S . '' )S  STOP
(S And (ADVP so )ADVP (NP (NP our institutions )NP (PP of (NP higher learning )NP )PP )NP (VP *UNK (PP from (NP scandal )NP )PP (PP to (NP scandal )NP )PP (PP on (NP (NP *UNK )NP and (NP basketball court )NP )NP )PP , (SBAR while (S (NP the *UNK )NP (VP mount )VP )S )SBAR )VP . )S  STOP
(S (NP Three new books )NP (VP make (NP the point (SBAR that (S (NP (NP one large price )NP (PP of (NP the *UNK *UNK- show )NP )PP )NP (VP can (VP be (NP (NP the integrity )NP (PP of (NP (NP the schools )NP (SBAR (WHNP that )WHNP (S (VP stage (NP it )NP )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP They )NP (VP are : (NP (NP `` (NP (NP (NP A *UNKC )NP (SBAR (S (VP to (VP *UNKC )VP )VP )S )SBAR )NP : (NP (NP A *UNKC )NP (PP of (NP (NP *UNKED , *UNKC and Football )NP (PP at (NP *UNKC )NP )PP )NP )PP )NP )NP '' (PRN -LRB- (NP Macmillan )NP , (NP *UNKN pages )NP , (NP $ *UNKN )NP -RRB- )PRN (PP by (NP David *UNKC )NP )PP )NP ; (NP `` (NP (NP Big Red *UNKC )NP : (PP *UNKC (NP *UNKC Football )NP )PP )NP '' (PRN -LRB- (NP *UNKC )NP , (NP *UNKN pages )NP , (NP $ *UNKN )NP -RRB- )PRN (PP by (NP *UNKC *UNKC )NP )PP )NP ; and (NP (NP `` (FRAG (ADVP Never )ADVP (ADJP *UNKC Young (S (VP to (VP *UNKC )VP )VP )S )ADJP : (NP (NP The *UNKC )NP (PP of (NP *UNKC *UNKC )NP )PP )NP )FRAG '' (PRN -LRB- (NP *UNKC )NP , (NP *UNKN pages )NP , (NP $ *UNKN )NP -RRB- )PRN )NP (PP by (NP Lewis *UNKC )NP )PP )NP )NP )VP . )S  STOP
(S (S (NP (NP The pick )NP (PP of (NP the group )NP )PP )NP (VP is `` (NP *UNKC )NP '' )VP )S ; (S (NP it )NP (VP should (VP be (NP (NP required reading )NP (PP for (NP every college president )NP )PP )NP )VP )VP )S . )S  STOP
(S (NP It )NP (VP *UNK (SBAR (WHADVP how )WHADVP , (S (PP over (NP (NP a period )NP (PP of (NP a dozen years )NP )PP )NP )PP , (NP Southern *UNKC University )NP (VP bought (NP (NP its way )NP (PP to (NP (NP football *UNK )NP (PP in (NP the Southwest Conference )NP )PP )NP )PP )NP , (S (ADVP only )ADVP (VP to (VP find (S (NP itself )NP (VP *UNKED and *UNKED (PP by (NP (NP the *UNK- system )NP (SBAR (S (NP it )NP (VP created )VP )S )SBAR )NP )PP )VP )S )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The school )NP (VP was (S (NP the first )NP , (PP in (NP 1987 )NP )PP , (VP to (VP receive (NP (NP (NP the *UNKC 's )NP `` death penalty '' )NP -- (NP (NP two years )NP (PP without (NP football )NP )PP )NP -- )NP (PP for (NP repeated rules violations )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP Given (NP (NP current *UNK )NP (PP about (NP (NP the University )NP (PP of (NP Florida )NP )PP )NP )PP )NP )PP , (NP it )NP (VP may not (VP be (NP the last )NP )VP )VP . )S  STOP
(S (S (NP (NP The man )NP (SBAR (WHNP who )WHNP (S (VP brought (NP the *UNK )NP (PP to (NP the Dallas school )NP )PP )VP )S )SBAR )NP (VP was (NP (NP Ron *UNKC )NP , (NP (NP a *UNK sort )NP (SBAR (WHNP who )WHNP (S (VP came (PP in (NP 1975 )NP )PP (S (VP to (VP rescue (NP a *UNK program )NP )VP )VP )S )VP )S )SBAR )NP )NP )VP )S , (NP Mr. *UNKC )NP (VP writes )VP . )S  STOP
(S (NP (NP Mr. *UNKC 's )NP personal style )NP (VP was (VP *UNKED (PP by (S (NP his )NP (VP *UNKING (NP a (ADJP $ 100 )ADJP bill )NP (PP to (NP (NP a *UNK- *UNK board )NP (SBAR (WHPP on (WHNP which )WHNP )WHPP (S (NP other coaches )NP (VP *UNKED (NP their cards )NP )VP )S )SBAR )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S (NP (NP One *UNK )NP (VP working (PP with (NP Mr. *UNKC )NP )PP )VP )NP (VP was (ADJP (ADJP so generous (PP with (NP (ADJP $ 10 and $ 20 )ADJP bills )NP )PP )ADJP (SBAR that (S (NP prospects )NP (VP *UNK `` (SINV (ADVP Here )ADVP (VP *UNKC )VP (NP Santa *UNKC )NP )SINV '' (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP approached )VP )S )SBAR )VP )S )SBAR )ADJP )VP . )S  STOP
(S (S (VP *UNKING (NP players )NP (PP at (NP *UNKC )NP )PP )VP )S (VP was (NP no *UNK operation )NP )VP . )S  STOP
(S (NP It )NP (VP involved (NP (NP (NP the *UNK director )NP , (NP two different football *UNKING staffs )NP , and (NP school *UNK and *UNK )NP )NP -- (NP (NP (ADVP just about )ADVP everybody )NP (PRN , (S (NP it )NP (VP seemed )VP )S , )PRN but (NP (NP Donald *UNKC )NP , (NP (NP the university 's )NP president )NP )NP )NP )NP )VP . )S  STOP
(S (NP There )NP (VP 's (NP (NP a *UNK passage )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP Mr. *UNKC )NP , (S (VP having (ADVP finally )ADVP (VP learned (PP of (NP the practice )NP )PP )VP )VP )S , (VP *UNK (NP his *UNK )NP (PP to (NP (NP (NP Bill *UNKC )NP , (NP (NP (ADVP then )ADVP a university governor )NP (PRN -LRB- and (ADVP now )ADVP (NP (NP the governor )NP (PP of (NP Texas )NP )PP )NP ! -RRB- )PRN )NP )NP and (NP (NP oil man *UNKC *UNKC )NP , (NP (NP chairman )NP (PP of (NP (NP the board )NP (PP of (NP *UNK )NP )PP )NP )PP )NP )NP )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S `` (S (NP You )NP (VP stay (PP out (PP of (NP it )NP )PP )PP )VP )S , '' (NP author *UNKC )NP (VP quotes (NP Mr. *UNKC )NP (PP as (S (VP saying )VP )S )PP )VP . )S  STOP
(S `` (VP *UNK (VP run (NP the university )NP )VP )VP . '' )S  STOP
(SBAR (WHNP *UNKC )WHNP (S (VP was (ADVP about )ADVP (SBAR (WHNP what )WHNP (S (NP Mr. *UNKC )NP (VP did (PRN , and (ADVP quietly )ADVP , )PRN (SBAR until (S (NP he )NP (VP resigned (ADVP (NP a few years )NP later )ADVP , (S (VP *UNKING (NP *UNK health )NP )VP )S , (SBAR (WHADVP when )WHADVP (S (NP the stuff )NP (VP hit (NP the fan )NP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )VP )S . )SBAR  STOP
(S (NP Mr. *UNKC )NP (VP drew (PP (PP on (NP (NP *UNK news media coverage )NP (PP of (NP the *UNKC scandal )NP )PP )NP )PP , and (PP on (NP a university internal investigation )NP )PP )PP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP had (S (VP to (VP do (NP (NP most )NP (PP of (NP (NP his own *UNKING )NP (PP on (NP (NP (NAC University (PP of (NP *UNKC )NP )PP )NAC football )NP , (SBAR (WHNP which )WHNP (S (VP is , (PP to (NP date )NP )PP , (ADJP high and dry )ADJP (ADVP (ADVP as far )ADVP (SBAR as (S (NP the *UNKC )NP (VP is (VP concerned )VP )VP )S )SBAR )ADVP )VP )S )SBAR )NP )PP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (ADVP Unfortunately )ADVP , (NP he )NP (VP gets (NP (NP low *UNK )NP (PP as (NP an *UNK reporter )NP )PP )NP , (S (VP *UNKING (ADVP heavily )ADVP (PP on (SBAR (WHNP what )WHNP (S (NP (NP (NP Chicago 's )NP late mayor )NP , (NP Richard J. *UNKC )NP , )NP (VP called (S `` (NP *UNK )NP )S )VP )S )SBAR )PP )VP )S )VP . '' )S  STOP
(S (S (S (NP *UNKC )NP (VP go (ADJP *UNKED )ADJP (PP in `` (NP *UNKC )NP '' )PP )VP )S (PRN -LRB- (S (NP one *UNK- )NP (VP claims (SBAR (S (NP he )NP (VP received (NP (QP $ 4,000 to $ 5,000 )QP )NP (PP for (NP his season football tickets )NP )PP )VP )S )SBAR (SBAR while (S (NP others )NP (VP said (SBAR (S (NP theirs )NP (VP brought (NP (QP only a few hundred )QP dollars )NP )VP )S )SBAR )VP )S )SBAR )VP )S -RRB- )PRN )S , and (S (SBAR (WHADVP when )WHADVP (S (NP Mr. *UNKC )NP (VP ca n't (VP *UNK (PRT down )PRT (NP (NP something )NP , (PP like (SBAR (WHNP who )WHNP (S (ADVP really )ADVP (VP owned (NP (NP a car )NP (VP driven (PP by (NP *UNKC *UNK *UNKC *UNKC )NP )PP )VP )NP )VP )S )SBAR )PP )NP )VP )VP )S , )SBAR (NP he )NP (ADVP simply )ADVP (VP *UNK (NP his notes )NP )VP )S . )S  STOP
(S (NP There )NP (VP are (NP (NP *UNK *UNK )NP (PP to (NP (NP supposed *UNK *UNK )NP (PP between (NP (NP *UNKC players )NP and (NP a *UNK- female university employee )NP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP A serious charge (PRN -- (SBAR that (S (NP star *UNK Irving *UNKC )NP (VP `` threw '' (NP the 1984 Orange *UNKC game )NP (PP by (S (VP (ADVP *UNKLY )ADVP dropping (NP a pass )NP (PP in (NP the end *UNK )NP )PP )VP )S )PP )VP )S )SBAR -- )PRN )NP (VP is (VP included , (SBAR even though (S (NP (NP the *UNKC assistant *UNK )NP (VP quoted )VP )NP (VP denied (S (VP making (NP it )NP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP Still )ADVP , (NP the book )NP (VP produces (NP (NP more smoke )NP (PP than (NP a *UNKING *UNK )NP )PP , (ADVP along (PP with (NP a few *UNK )NP )PP )ADVP , (VP (ADVP especially )ADVP concerning (NP (NP the use )NP (PP of (NP *UNK )NP )PP )NP )VP )NP )VP . )S  STOP
(S (NP (NP Dean *UNKC )NP , (NP a (ADJP *UNKLY *UNK- )ADJP former *UNK )NP , )NP (VP (VP *UNK (SBAR that (S (NP he )NP (VP used (NP *UNK )NP )VP )S )SBAR )VP , and (VP says (SBAR (S (NP other *UNKC )NP (VP did (VP (ADVP too )ADVP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP 's (NP a mystery )NP (SBAR (WHADVP how )WHADVP (S (NP this )NP (VP could (VP have (VP *UNKED (NP (NP the notice )NP (PP of (NP *UNKC coaches )NP )PP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP it )NP (VP did n't )VP . )S  STOP
(S `` (NP Never *UNKC Young )NP '' (VP is (NP (NP a different sort )NP (PP of (NP work )NP )PP )NP , (S (VP focusing (PP on (NP (NP the 1986 death )NP (PP from (NP *UNK *UNK )NP )PP (PP of (NP (NP *UNKC )NP , (NP (NP a (NAC University (PP of (NP Maryland )NP )PP )NAC basketball star )NP (VP *UNKED (PP for (NP sure pro *UNK )NP )PP )VP )NP )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (SBAR While (S (NP the university )NP (VP was (S (ADVP (ADVP no more )ADVP )ADVP (VP to (VP blame (PP for (NP that )NP )PP (PP than (PP for (NP (NP the similar fate )NP (PP of (NP any other student )NP )PP )NP )PP )PP )VP )VP )S )VP )S )SBAR , (NP it )NP (VP must (VP bear (NP (NP responsibility )NP (PP for (NP (NP its conduct )NP (PP in (NP the aftermath )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP (NP (NP *UNKC 's )NP *UNK )NP , (NP *UNKC *UNKC )NP , )NP (VP ordered (S (NP (NP the room )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP *UNKC )NP (VP died )VP )S )SBAR )NP (VP to (VP be (VP *UNKED (SBAR before (S (NP the police )NP (VP could (VP arrive )VP )VP )S )SBAR )VP )VP )VP )S )VP )S (PRN -LRB- (S (NP the order )NP (VP was n't (VP carried (PRT out )PRT )VP )VP )S -RRB- )PRN , and (S (NP (NP the school 's )NP athletics director )NP (VP issued (NP (NP false information )NP (PP about (NP (NP the academic standing )NP (PP of (NP (NP *UNKC )NP and (NP other players )NP )NP )PP )NP )PP )NP )VP )S . )S  STOP
(S (NP Those )NP , (PP of (NP course )NP )PP , (VP were (NP (NP the responses )NP (PP of (NP (NP people )NP (PP with (NP (NP something )NP (SBAR (S (VP to (VP hide )VP )VP )S )SBAR )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP One )NP (VP *UNK (SBAR (WHADVP how )WHADVP (S (NP other college *UNK officials )NP (VP would (VP *UNK (PP under (NP the same circumstances )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC 's )NP `` (PP On (NP Sports )NP )PP '' column )NP (VP will (VP look (PP at (NP (NP another aspect )NP (PP of (NP the college sports mess )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP (NP *UNKC )NP (PP of (NP North America Inc. )NP )PP )NP , (NP (NP a unit )NP (PP of (NP Daimler-Benz AG )NP )PP )NP , )NP (VP paid (NP Massachusetts )NP (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP taxes )NP )PP )NP , (S (VP bringing (PP to (NP an end )NP )PP (NP a *UNK- corporate tax *UNK )NP )VP )S )VP . )S  STOP
(S (NP (NP Officials )NP (PP at (NP (NP the Department )NP (PP of (NP Revenue )NP )PP )NP )PP )NP (VP (VP had (VP *UNKED (NP the foreign car maker )NP (PP for (NP (NP taxes )NP (VP owed (PP on (NP business transactions )NP )PP )VP )NP )PP )VP )VP and (VP were (VP proceeding (S (VP to (VP settle (NP the dispute )NP (PP in (NP court )NP )PP )VP )VP )S )VP )VP )VP . )S  STOP
(SINV (S But `` (NP the check )NP (VP arrived (PP in (NP the mail )NP )PP )VP )S , '' (VP said )VP (NP (NP Stephen Kidder )NP , (NP (NP Massachusetts *UNKC )NP (PP of (NP Revenue )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP had (VP said (SBAR (S (NP it )NP (VP did n't (VP owe (NP taxes )NP (PP to (NP Massachusetts )NP )PP (SBAR partly because (S (NP it )NP (VP sells (NP its cars )NP (PP (PP at (NP (NP a *UNK )NP (PP in (NP Baltimore )NP )PP )NP )PP and (PP not in (NP Massachusetts )NP )PP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP )S )SBAR , )NP (VP did n't (VP explain (NP (NP its change )NP (PP of (NP heart )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP Last month )NP , (NP *UNKC executives )NP (VP approached (NP state revenue officials )NP (S (VP complaining (PP about (NP bad press )NP )PP )VP )S )VP )S , (NP the commissioner )NP (VP said )VP . )S  STOP
(S (NP The dispute )NP (VP was (NP (NP the subject )NP (PP of (NP (NP a Wall Street Journal article )NP (PP in (NP August )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The amount )NP (VP covers (NP (NP taxes , interest and penalties )NP (VP owed (PP (PP from (NP (NP 1966 )NP , (SBAR (WHADVP when )WHADVP (S (NP the state )NP (VP began (S (VP collecting (NP corporate taxes )NP )VP )S )VP )S )SBAR , )NP )PP (PP to (NP 1985 )NP )PP )PP )VP )NP )VP . )S  STOP
(S (S (NP *UNKC )NP (ADVP also )ADVP (VP agreed (S (VP to (VP pay (NP (NP taxes )NP (VP owed (PP for (NP the years 1986 through 1988 )NP )PP )VP )NP )VP )VP )S )VP )S , (NP Mr. Kidder )NP (VP added )VP . )S  STOP
(S (PP Under (NP Massachusetts tax laws )NP )PP , (NP corporations )NP (VP must (VP pay (NP (NP 9.5 % )NP (PP of (NP (NP estimated profits )NP (VP resulting (PP from (NP (NP business transactions )NP (PP in (NP the state )NP )PP )NP )PP )VP )NP )PP )NP (SBAR if (S (NP the company )NP (VP *UNK (NP (NP a variety )NP (PP of (NP (NP *UNK- activities )NP , (PP including (NP (NP *UNK )NP , (NP customer complaints )NP and (NP (NP relations )NP (PP with (NP independent *UNK )NP )PP )NP )NP )PP )NP )PP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP National *UNKC Stores Inc. )NP , (S (VP trying (S (VP to (VP shake (NP (NP the *UNK )NP (PP in (NP the *UNK- business )NP )PP )NP )VP )VP )S )VP )S , (VP said (SBAR (S (NP it )NP (VP will (VP *UNK (NP (NP the merchandise )NP (PP in (NP (NP all )NP (PP of (NP its stores )NP )PP )NP )PP )NP (PP in (NP the next 18 months )NP )PP (S (VP to (VP *UNK (ADVP better )ADVP (PP to (NP (NP the neighborhoods )NP (PP around (NP its stores )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP As (NP (NP part )NP (PP of (NP the plan )NP )PP )NP )PP , (NP (NP the *UNKED company 's )NP *UNKN *UNKC *UNK *UNK stores )NP (VP will (VP be (VP *UNKED (S (VP to (VP target (ADJP black , Hispanic , upscale or core *UNK- )ADJP customers )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP (NP Stores )NP (PP in (NP *UNK- neighborhoods )NP )PP )NP , (PP for (NP instance )NP )PP , (VP will (VP carry (NP (NP *UNKED *UNK )NP , (NP (NP publications )NP (PP such as (NP *UNKC Fair )NP )PP )NP , (NP *UNK *UNK *UNK )NP , (NP *UNK *UNK *UNK )NP and (NP *UNKC *UNKC and *UNKC products )NP )NP )VP )VP . )S  STOP
(S (NP (NP Stores )NP (PP in (NP Hispanic areas )NP )PP )NP (VP will (VP stock (NP (NP an *UNK )NP (PP of (NP (NP *UNKC magazines )NP , (NP Mexican *UNKING items and *UNK )NP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Stores )NP (PP in (NP (NP the company 's )NP core *UNK- market )NP )PP )NP (VP will (VP get (NP (NP more (ADJP *UNK and *UNK- )ADJP *UNK )NP and (NP (NP a greater selection )NP (PP of (NP *UNKED water )NP )PP )NP )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC Van *UNKC )NP , (NP National *UNKC (NX (NX president )NX and (NX chief executive officer )NX )NX )NP , )NP (VP said (SBAR (S (NP the move )NP (VP reflects (NP (NP the company 's )NP *UNK (SBAR that (S (NP (NP the industry 's )NP poor performance )NP (VP stems (PP (PP from (NP its failure (S (VP to (VP give (NP customers )NP (SBAR (WHNP what )WHNP (S (NP they )NP (VP want )VP )S )SBAR )VP )VP )S )NP )PP -- (CONJP rather than )CONJP (PP from (NP (NP increasing competition )NP (PP from (NP (NP gasoline stations )NP and (NP *UNK- grocery stores )NP )NP )PP )NP )PP )PP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP *UNKC store merchandise )NP (VP has not (VP kept (NP pace )NP (PP with (NP (NP current trends )NP (PP in (NP consumer *UNK )NP )PP )NP )PP )VP )VP )S , '' (NP he )NP (VP said (PP in (NP (NP a speech )NP (PP at (NP (NP the company 's )NP annual shareholders meeting )NP )PP )NP )PP )VP . )S  STOP
(S (NP Analysts and competitors )NP (VP said (SBAR (S (NP the move )NP (VP reflects (NP (NP a growing need )NP (PP by (NP the stores )NP )PP (S (VP to (VP expand (NP their customer base )NP (PP beyond (NP (NP the traditional *UNK- worker )NP (SBAR (WHNP who )WHNP (S (VP *UNK (PP into (NP a *UNK store )NP )PP (PP for (NP (NP a *UNK )NP , (NP cigarettes )NP , (NP *UNK )NP or (NP beer )NP )NP )PP )VP )S )SBAR )NP )PP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP There )NP (VP are (NP (NP an increasing number )NP (PP of (NP people )NP )PP (ADVP out there )ADVP (SBAR (WHNP who )WHNP (S (VP are (ADJP *UNK- )ADJP )VP )S )SBAR )NP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP retail analyst )NP (PP with (NP (NP Alex . Brown & Sons )NP (PP of (NP Baltimore )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP Those )NP (VP are (ADVP primarily )ADVP (NP (NP *UNK- workers )NP , (NP (NP a customer segment )NP (SBAR (WHNP that )WHNP (S (VP has (ADVP historically )ADVP (VP proved (ADJP *UNK )ADJP (PP for (NP *UNK stores )NP )PP )VP )VP )S )SBAR )NP )NP )VP . '' )S  STOP
(S (NP (NP National *UNKC 's )NP move )NP (VP is (ADJP likely (S (VP to (VP be (VP *UNKED (PP by (NP other chains )NP )PP )VP )VP )VP )S )ADJP , (SBAR though (S (NP analysts )NP (VP note (SBAR that (S (NP (NP (NP *UNKC Corp. )NP , (NP (NP owner )NP (PP of (NP *UNK- stores )NP )PP )NP , )NP and (NP *UNKC K Corp. )NP )NP (VP are (ADJP too *UNK- (S (VP to (VP roll (PRT out )PRT (NP such an extensive effort )NP )VP )VP )S )ADJP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (ADVP Still )ADVP , (NP *UNKC )NP (VP said (SBAR (SBAR that (S (NP its franchisees )NP (VP have (VP been (VP targeting (NP their merchandise )NP (PP to (NP their customers )NP )PP (PP for (NP years )NP )PP )VP )VP )VP )S )SBAR , and (SBAR that (S (NP the company )NP (VP has (VP begun (S (VP to (VP follow (NP suit )NP )VP )VP )S )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (PP For (NP instance )NP )PP , (NP *UNKC )NP (VP has (VP (VP expanded (NP its *UNKED water selection )NP (PP in (NP some stores )NP )PP )VP and (VP added (NP fresh *UNK )NP (PP in (NP some outlets )NP )PP )VP )VP )VP . )S  STOP
(S (S (ADVP (NP Several months )NP ago )ADVP , (NP it )NP (ADVP also )ADVP (VP added (NP black health and beauty *UNK displays )NP (PP to (NP many stores )NP )PP )VP )S , (NP a spokeswoman )NP (VP said )VP . )S  STOP
(S `` (S (NP We )NP (ADVP certainly )ADVP (VP see (NP (NP an increasing trend )NP (PP toward (NP that )NP )PP )NP )VP )S , '' (NP she )NP (VP added )VP . )S  STOP
(S (NP National *UNKC )NP (VP said (SBAR (S (NP it )NP (VP has (VP tested (NP its new merchandise mix )NP (PP in (NP 100 stores )NP )PP , (PP with (NP favorable results )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Analysts )NP (VP said (SBAR (S (NP (NP the company 's )NP effort )NP (VP will (VP be (VP helped (PP by (NP (NP its decision )NP (NP last year )NP (S (VP to (VP put (NP *UNK- *UNK )NP (PP in (NP 200 stores )NP )PP , (S (VP allowing (S (NP National *UNKC )NP (VP to (ADVP quickly )ADVP (VP track (NP (NP items )NP (SBAR (WHNP that )WHNP (S (VP are (VP selling )VP )VP )S )SBAR and (NP (NP those )NP (SBAR (WHNP that )WHNP (S (VP are n't )VP )S )SBAR )NP )NP )VP )VP )S )VP )S )VP )VP )S )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (VP To (VP promote (NP its new strategy )NP )VP )VP )S , (NP National Convenience )NP (VP said (SBAR (S (NP it )NP (VP plans (S (VP to (VP spend (NP (QP about $ 12 million )QP )NP (PP on (NP advertising )NP )PP (PP for (NP (NP the year )NP (VP ending (NP June 30 )NP )VP )NP )PP , (ADVP up (PP from (NP (QP about $ 10 million )QP )NP (PP in (NP fiscal 1989 )NP )PP )PP )ADVP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Labor Secretary Elizabeth Dole )NP (VP named (NP (NP a mediator )NP (SBAR (S (VP to (VP help (S (VP resolve (NP (NP the lengthy labor dispute )NP (PP between (NP (NP the United *UNKC Workers )NP and (NP *UNKC Co )NP )NP )PP )NP )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC Jr. )NP , (NP (NP labor secretary )NP (PP during (NP the Ford administration )NP )PP )NP , )NP (VP was (VP named (S (VP to (VP *UNK (NP talks (S (VP to (VP settle (NP (NP the six-month strike )NP (PP by (NP the *UNKC )NP )PP )NP )VP )VP )S )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP *UNKC talks )NP (PP between (NP (NP (NP Pittston )NP , (PP of (NP (NP Greenwich )NP , (NP Conn. )NP , )NP )PP )NP and (NP the union )NP )NP )PP )NP (VP have (VP been (ADJP *UNK and unsuccessful )ADJP )VP )VP . )S  STOP
(S (NP The union )NP (VP called (NP the strike )NP (PP in (NP April )NP )PP (SBAR after (S (NP Pittston )NP (VP refused (S (VP to (VP sign (NP (NP the *UNKC 's )NP national labor pact )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Pittston )NP (VP seeks (NP (NP changes )NP (PP in (NP health and pension benefits )NP )PP )NP , (PP among (NP other things )NP )PP )VP . )S  STOP
(S (S (NP (NP No schedule )NP (PP for (NP formal talks )NP )PP )NP (VP was (VP set )VP )VP )S , but (S (NP meetings )NP (VP are (VP expected (S (VP to (VP begin (ADVP soon )ADVP )VP )VP )S )VP )VP )S . )S  STOP
(S (NP (NP One day )NP (SBAR after (S (NP Delmed Inc. )NP (VP (VP made (NP top management changes )NP )VP and (VP disclosed (NP (NP the end )NP (PP of (NP an important business *UNK )NP )PP )NP )VP )VP )S )SBAR )NP , (S (NP its stock )NP (VP did n't (VP trade )VP )VP )S and (S (NP the company )NP (VP forecast (NP (NP a `` significant '' drop )NP (NP next year )NP (PP in (NP (NP sales )NP (PP of (NP its core product )NP )PP )NP )PP )NP )VP )S . )S  STOP
(S (NP That disclosure )NP (VP came (PRN , (S (NP a Delmed spokeswoman )NP (VP said )VP )S , )PRN (SBAR after (S (NP the American Stock Exchange )NP (VP *UNKED (NP the company )NP (SBAR that (S (NP trading )NP (VP would n't (VP resume (PP in (NP its stock )NP )PP (SBAR until (S (NP (NP additional information )NP (PP about (NP developments )NP )PP )NP (VP was (VP provided )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP addition )NP (PP to (NP the forecast )NP )PP )NP )PP , (NP the company )NP (ADVP also )ADVP (VP said (SBAR (S (NP it )NP (VP is (VP *UNKING (NP (NP potential cost cuts )NP and (NP (NP reductions )NP (PP in (NP overhead )NP )PP )NP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The spokeswoman )NP (VP said (SBAR (S (NP the exchange )NP (VP would (VP resume (NP (NP trading )NP (PP of (NP Delmed stock )NP )PP )NP (NP today )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Delmed )NP , (SBAR (WHNP which )WHNP (S (VP makes and sells (NP (NP *UNK *UNK products )NP (VP used (PP in (S (VP *UNKING (NP kidney disease )NP )VP )S )PP )VP )NP )VP )S )SBAR , )NP (PP on (NP Tuesday )NP )PP (VP announced (NP (NP the resignations )NP (PP (PP of (NP (NP Robert S. *UNKC )NP , (NP (NP chairman )NP , (NP president )NP and (NP chief executive officer )NP )NP , )NP )PP and (PP of (NP (NP *UNKC I. *UNKC )NP , (NP (NP chief operating officer )NP and (NP chief financial officer )NP )NP )NP )PP )PP )NP )VP . )S  STOP
(S (NP They )NP (VP were (VP succeeded (PP by (NP (NP executives )NP (PP of (NP (NP Fresenius USA Inc. )NP and (NP (NP its parent )NP , (NP Fresenius AG )NP , (SBAR (WHNP which )WHNP (S (VP owns (NP (NP (QP about 45 )QP % )NP (PP of (NP Delmed )NP )PP )NP )VP )S )SBAR )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP At (NP the same time )NP )PP , (NP the (NAC New *UNKC , N.J. , )NAC company )NP (VP said (SBAR (S (NP (NP negotiations )NP (PP about (NP (NP pricing )NP and (NP (NP *UNK )NP (PP of (NP product )NP )PP )NP )NP )PP )NP (VP had (VP collapsed (PP between (NP (NP it )NP and (NP (NP (NP its exclusive distributor )NP (PP in (NP the U.S. )NP )PP )NP , (NP National Medical Care Inc )NP )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Following (NP (NP that announcement )NP (NP Tuesday )NP )NP )PP , (ADVP however )ADVP , (NP company officials )NP (VP were (ADJP unavailable (S (VP to (VP elaborate )VP )VP )S )ADJP )VP . )S  STOP
(S (NP Yesterday )NP , (NP the spokeswoman )NP (VP said (SBAR (S (NP (NP sales )NP (PP of (NP Delmed products )NP )PP (PP through (NP (NP the exclusive arrangement )NP (PP with (NP National Medical )NP )PP )NP )PP )NP (VP accounted (PP for (NP (NP 87 % )NP (PP of (NP (NP (NP Delmed 's )NP 1988 sales )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The current distribution arrangement )NP (VP ends (PP in (NP March 1990 )NP )PP , (SBAR although (S (NP Delmed )NP (VP said (SBAR (S (NP it )NP (VP will (VP continue (S (VP to (VP provide (NP (NP some supplies )NP (PP of (NP the *UNK *UNK products )NP )PP )NP (PP to (NP National Medical )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )VP )S , (NP the spokeswoman )NP (VP said )VP . )S  STOP
(S (S (ADVP Nonetheless )ADVP , `` (NP Delmed )NP (ADVP currently )ADVP (VP expects (SBAR that (S (NP 1990 sales )NP ... (VP will (VP be (PP significantly below (NP their 1989 level )NP )PP )VP )VP )S )SBAR )VP )S , '' (NP the company )NP (VP said (PP in (NP a statement )NP )PP )VP . )S  STOP
(S (NP Delmed )NP (VP said (NP yesterday )NP (SBAR (SBAR that (S (NP Fresenius USA )NP (VP would (VP begin (S (VP *UNKING (NP the product )NP )VP )S )VP )VP )S )SBAR and (SBAR that (S (NP the company )NP (VP is (VP investigating (NP other possible distribution *UNK )NP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (S (PP In (NP any case )NP )PP , (NP (NP supplies )NP (PP to (NP patients )NP )PP )NP (VP wo n't (VP be (VP *UNKED )VP )VP )VP )S , (NP the company )NP (VP added )VP . )S  STOP
(S (NP (NP Fresenius )NP , (NP a (ADJP West German )ADJP pharmaceutical concern )NP , )NP (VP has (VP been (VP discussing (NP (NP a transaction )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP it )NP (VP would (VP buy (NP Delmed stock )NP (PP for (NP cash )NP )PP (S (VP to (VP bring (NP its beneficial ownership )NP (PP to (NP (QP between 70 % and 80 % )QP )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP )VP . )S  STOP
(S (NP The transaction )NP (ADVP also )ADVP (VP would (VP combine (NP (NP Fresenius USA )NP and (NP Delmed )NP )NP )VP )VP . )S  STOP
(S (S But (NP the plan )NP (ADVP now )ADVP (VP is (VP being `` (VP *UNKED )VP )VP )VP )S , '' (NP Delmed )NP (VP said , (S (VP declining (S (VP to (VP provide (NP (NP most )NP (PP of (NP (NP the new terms )NP (PP of (NP the combination )NP )PP )NP )PP )NP )VP )VP )S )VP )S )VP . )S  STOP
(SINV (VP Said )VP (NP the spokeswoman )NP : `` (S (NP The whole structure )NP (VP has (VP changed )VP )VP )S . )SINV  STOP
(S (NP (NP The value )NP (PP of (NP the company )NP )PP )NP (VP has (VP changed )VP )VP . '' )S  STOP
(S (NP Delmed )NP (VP did (VP say (SBAR that (S (NP the proposal )NP (ADVP still )ADVP (VP would (VP *UNK (NP cash )NP (PP into (NP Delmed )NP )PP (PRN but (NP (NP less )NP (PP than (NP (NP the (QP $ 10 million )QP )NP (VP (ADVP originally )ADVP expected )VP )NP )PP )NP )PRN )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Delmed )NP (ADVP also )ADVP (VP would (VP receive (NP (NP the North American rights )NP (PP to (NP certain Fresenius AG products )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Another option )NP (PP for (NP Delmed )NP )PP )NP (PRN , (S (NP the company )NP (VP said )VP )S , )PRN (VP is (SBAR that (S (NP it )NP (VP could (VP sell (NP (NP its plant )NP (PP in (NP (NP Ogden )NP , (NP Utah )NP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP added (SBAR that (S (NP (NP no discussions )NP (PP about (NP such a sale )NP )PP )NP (VP are (PP under (NP way )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Brooks *UNKED Car Service Inc. )NP (ADVP never )ADVP (VP wanted (S (VP to (VP get (PP into (NP money *UNKING )NP )PP )VP )VP )S )VP . )S  STOP
(S But (NP July 5 )NP , (NP (NP a *UNK )NP (PP in (NP (NP *UNKC )NP , (NP *UNKC )NP , )NP )PP )NP (VP caused (S (NP *UNKC Creek )NP (VP to (VP rise (NP 15 feet )NP )VP )VP )S , (S (VP pouring (NP (NP (QP 1.3 million )QP *UNK )NP (PP of (NP water )NP )PP )NP (PP into (NP *UNK *UNK )NP )PP )VP )S )VP . )S  STOP
(S (NP The water )NP (VP (VP destroyed (NP (NP (QP about $ 75 million )QP )NP (PP in (NP currency )NP )PP )NP )VP and (VP *UNKED (NP (NP (QP $ 4 million )QP )NP (PP of (NP *UNK )NP )PP )NP (PP with (NP *UNK )NP )PP , (S (VP *UNKING (S (NP them )NP (ADJP dangerous (PP to (NP counting machines )NP )PP )ADJP )S )VP )S )VP )VP . )S  STOP
(S (NP (NP The (QP $ 75 million )QP )NP (PP in (NP paper money )NP )PP )NP , (SBAR although (S (ADJP *UNK , *UNK and *UNKLY )ADJP )S )SBAR , (VP was (VP exchanged (PP through (NP (NP the Federal Reserve Bank )NP (PP of (NP Philadelphia )NP )PP )NP )PP (PP without (NP incident )NP )PP )VP )VP . )S  STOP
(S But (NP Brooks )NP (VP was (ADJP unable (S (VP to (VP reach (NP a *UNKING agreement )NP (PP with (NP the government )NP )PP )VP )VP )S )ADJP )VP . )S  STOP
(SINV `` (S (NP We )NP (ADVP kind of )ADVP (VP got (VP caught (PP between (NP *UNK )NP )PP )VP )VP )S , '' (VP says )VP (NP President William F. Brooks *UNK )NP . )SINV  STOP
(S (S (S (NP The U.S. *UNKC )NP (VP would n't (VP take (NP the *UNK )NP (SBAR because (S (NP it )NP (VP was n't (VP *UNKED )VP )VP )S )SBAR )VP )VP )S , and (S (NP the Federal Reserve Bank )NP (VP *UNK (NP only clean coins )NP )VP )S )S , (NP he )NP (VP says )VP . )S  STOP
(S (NP The Philadelphia Fed )NP (VP says (SBAR (S (NP it )NP (VP is (ADVP merely )ADVP (NP (NP an `` agent '' )NP (PP for (NP coins )NP )PP , (ADJP responsible (PP only for (NP storage and distribution )NP )PP )ADJP )NP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (S (NP We )NP (VP issue (NP paper money )NP )VP )S ; (S (NP we )NP (VP destroy (NP paper money )NP )VP )S )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP a Philadelphia Fed spokeswoman )NP )NP . )SINV  STOP
(S `` (NP The *UNK )NP (VP is (NP their problem )NP )VP . '' )S  STOP
(S (NP A *UNKC official )NP (VP says (SBAR (S (NP the agency )NP (VP offered (S (VP to (VP clean (NP the coins )NP (PP for (NP (NP its `` *UNK- '' cost )NP (PP of (NP (NP $ *UNKN )NP plus (NP certain other expenses )NP )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S But (NP Brooks )NP (VP declined , (S (VP *UNKING (SBAR that (S (S (VP *UNKING (NP the (ADJP *UNKED up )ADJP money )NP (PP to (NP Washington )NP )PP )VP )S (VP would (VP cost (NP the company )NP (NP thousands more )NP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S So (NP Brooks )NP (VP gave (NP the *UNK work )NP (PP to (NP (NP *UNKC *UNKC Inc. )NP , (SBAR (WHNP which )WHNP (S (VP came (PRT up )PRT (PP with (NP an unusual solution )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP For (NP (NP eight hours )NP (NP a day )NP )NP )PP (PP for (NP the past two weeks )NP )PP , (PP in (NP (NP *UNK )NP (PP of (NP (NP (QP as much as *UNKN )QP pounds )NP (PRN -LRB- (VP equaling (NP (NP $ 20,000 )NP (PP in (NP *UNK )NP )PP )NP )VP -RRB- )PRN )NP )PP )NP )PP , (NP *UNKC *UNKC )NP (VP has (VP been (VP pouring (NP money )NP (PP into (NP a *UNKING truck )NP )PP )VP )VP )VP . )S  STOP
(S (NP A giant *UNK )NP , (S (VP working (PP like (NP a *UNK )NP )PP )VP )S , (VP (VP causes (S (NP the *UNK )NP (VP to (VP *UNK )VP )VP )S )VP and (VP *UNK (PRT off )PRT (NP any *UNK )NP )VP )VP . )S  STOP
(S (PP After (S (VP *UNKING (ADVP around )ADVP (PP for (NP an hour (QP or so )QP )NP )PP )VP )S )PP , (NP the *UNK , hot money )NP (VP *UNK (PP out (PP of (NP (NP the *UNK *UNK )NP , (SBAR (WHADVP where )WHADVP (S (NP a giant *UNK )NP (VP *UNK (ADVP away )ADVP (NP the (NX (NX *UNKED *UNK )NX and (NX *UNK *UNK )NX )NX )NP )VP )S )SBAR )NP )PP )PP )VP . )S  STOP
(S (PP After (S (VP *UNKING )VP )S )PP , (NP the coins )NP (VP are (ADVP then )ADVP (VP *UNKED )VP )VP . )S  STOP
(S (NP Brooks )NP (VP expects (S (VP to (VP pay (NP *UNKC *UNKC )NP (NP (NP (NP a total )NP (PP of (NP (QP about $ 20,000 )QP )NP )PP )NP -- (NP (NP a cost )NP (SBAR (WHNP that )WHNP (S (NP insurance )NP (VP wo n't (VP cover )VP )VP )S )SBAR )NP )NP )VP )VP )S )VP . )S  STOP
(S And (SBAR while (S (NP the job )NP (VP is (ADVP half )ADVP (VP done )VP )VP )S )SBAR , (NP Brooks )NP (VP is (ADVP still )ADVP (ADJP bitter )ADJP )VP . )S  STOP
(S (PP In (NP fact )NP )PP , (S (NP there )NP (VP 's (NP (NP (QP only one )QP person )NP (VP involved )VP (SBAR (WHNP who )WHNP (S (VP 's (ADJP happy )ADJP )VP )S )SBAR )NP )VP )S , and (S (NP that )NP (VP 's (NP (NP *UNKC *UNKING )NP , (NP (NP (NP president )NP (PP of (NP *UNKC *UNKC )NP )PP )NP and (NP (NP *UNK )NP (PP of (NP the *UNK- solution )NP )PP )NP )NP )NP )VP )S . )S  STOP
(S (CONJP Not only )CONJP (SINV did (NP his company )NP (VP find (NP (NP $ 20,000 )NP (ADJP worth )ADJP (PP of (NP work )NP )PP )NP )VP )SINV , but (S (SBAR (WHADVP when )WHADVP (S (NP the approach )NP (VP was (VP suggested )VP )VP )S )SBAR (PRN , (S (NP Mr. *UNKING )NP (VP says )VP )S , )PRN (NP Brooks officials )NP `` (VP did n't (UCP (VP *UNK (PP at (NP me )NP )PP )VP or (NP anything )NP )UCP )VP )S . )S  STOP
(S (NP `` (NP *UNKC )NP , '' (NP (NP (NP this summer 's )NP (ADJP successful and *UNKING )ADJP movie )NP (PP about (NP parents and children )NP )PP )NP , )NP (ADVP apparently )ADVP (VP was (NP only the beginning )NP )VP . )S  STOP
(S (NP It )NP (VP seems (SBAR that (S (NP every day )NP (NP (NP a new movie )NP )NP (VP *UNK (VP featuring (NP (NP a child )NP (VP *UNKING (PP with (NP (NP (NP a mother 's )NP death )NP , or (NP adoption )NP , or (NP aging parents )NP , or (NP pregnancy )NP )NP )PP )VP )NP )VP )VP )S )SBAR )VP . )S  STOP
(FRAG And (WHADVP why )WHADVP not ? )FRAG  STOP
(S (S (NP (NP Some )NP (PP of (NP (NP our (ADJP (ADJP best )ADJP and (ADJP most *UNK )ADJP )ADJP film makers )NP (PRN -- (PP (PP from (NP *UNKC )NP )PP (PP to (NP *UNKC )NP )PP (PP to (NP *UNKC Allen )NP )PP )PP -- )PRN )NP )PP )NP (VP have (VP taken (NP (NP a *UNK )NP (PP from (NP *UNKC )NP )PP )NP )VP )VP )S : (S (SBAR (WHADVP When )WHADVP (S (NP it )NP (VP comes (PP to (NP *UNKING drama )NP )PP )VP )S )SBAR , (NP there )NP (VP 's (NP (NP no place )NP (PP like (NP home )NP )PP )NP )VP )S . )S  STOP
(S (ADVP Yet )ADVP (NP (NP (ADJP too many )ADJP people )NP (VP working (PP in (NP Hollywood )NP )PP (NP today )NP )VP )NP (VP seem (S (VP to (VP suffer (PP from (NP the *UNK (SBAR that (S (NP (NP the drama )NP (VP played (PRT out )PRT (PP in (NP every home )NP )PP )VP )NP (VP will (VP be (ADJP interesting (PP to (NP (NP people )NP (SBAR (WHNP who )WHNP (S (VP live (ADVP somewhere else )ADVP )VP )S )SBAR )NP )PP )ADJP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP This )NP (VP is not (NP the case )NP )VP . )S  STOP
(S (NP Some *UNK )NP (ADVP simply )ADVP (VP are n't (ADJP worth (S (VP *UNKING (PP in )PP )VP )S )ADJP )VP . )S  STOP
(S Yet (NP there )NP (VP will (VP be (NP (NP people )NP (SBAR (WHNP who )WHNP (S (VP will (VP *UNK (PP at (NP `` (NP *UNKC *UNKLY )NP , '' (NP (NP a (ADJP (ADJP *UNKLY *UNKED )ADJP and (ADJP offensive )ADJP )ADJP movie )NP (PP about (NP adoption )NP )PP )NP )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP These )NP (VP are (NP (NP the sensitive *UNK )NP (SBAR (WHNP who )WHNP (S (VP can (VP (VP *UNK (PP with )PP )VP and (VP (ADVP even )ADVP enjoy (VP hearing (PP about )PP )VP )VP (NP (NP (NP other people )NP 's troubles )NP )NP , (ADVP no matter (SBAR (WHADVP how *UNKLY or *UNKLY )WHADVP (S (NP the *UNK tale )NP (VP is (VP told )VP )VP )S )SBAR )ADVP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (VP *UNKC (PP by (NP (NP Barbara *UNKC )NP , (NP (NP *UNK- )NP (PP of `` (NP The Big *UNKC )NP )PP )NP )NP )PP )VP )S , '' `` (NP *UNKC *UNKLY )NP '' (VP takes (NP the position (SBAR that (S (NP (NP only rich people )NP (VP living (PP in (NP nice houses )NP )PP )VP )NP (VP should (VP have (NP children )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The film makers )NP (VP have (VP *UNKED (NP this offensive idea )NP (PP in (NP pretty packaging )NP )PP )VP )VP . )S  STOP
(S (NP (NP Everyone )NP )NP (VP is (ADJP (ADJP very nice )ADJP and (ADJP *UNKING )ADJP )ADJP -- (NP (NP (NP the *UNK parents )NP (PRN -LRB- (NP (NP Glenn *UNKC )NP and (NP James *UNKC )NP )NP -RRB- )PRN )NP and (NP (NP (NP the *UNK- couple )NP (SBAR (WHNP who )WHNP (S (VP decide (S (VP to (VP give (PRT up )PRT (NP their baby )NP (PP for (NP adoption )NP )PP )VP )VP )S )VP )S )SBAR )NP (PRN -LRB- (NP (NP Mary Stuart *UNKC )NP and (NP *UNKC *UNKC )NP )NP -RRB- )PRN )NP )NP )VP . )S  STOP
(S (NP (NP Linda and Michael )NP (PRN -LRB- (NP (NP Ms. *UNKC )NP and (NP Mr. *UNKC )NP )NP -RRB- )PRN , (SBAR (WHNP who )WHNP (S (VP seem (S (VP to (VP be (VP pushing (NP 40 )NP )VP )VP )VP )S )VP )S )SBAR , )NP (VP live (PP in (NP (NP a (ADJP (ADJP large )ADJP and (ADJP *UNKLY *UNKED )ADJP )ADJP home )NP (PP in (NP suburban Seattle )NP )PP )NP )PP )VP . )S  STOP
(S (S (S (NP (NP All )NP (PP of (NP their friends )NP )PP )NP (VP have (NP children )NP )VP )S and (S (NP they )NP (VP ca n't )VP )S )S , (ADVP so )ADVP (S (ADVP now )ADVP (NP they )NP (VP want (NP a child )NP (ADVP (ADVP (ADVP more )ADVP (PP than (NP anything )NP )PP )ADVP (PRN -- (ADVP perhaps )ADVP (ADVP (ADVP even more )ADVP (SBAR than (S (NP Michael )NP (VP wanted (NP (NP his fancy convertible )NP or (NP his *UNK *UNK equipment )NP )NP )VP )S )SBAR )ADVP )PRN )ADVP )VP )S . )S  STOP
(S (NP (NP The idea )NP (PP of (NP a *UNK- )NP )PP )NP (VP must (VP be (VP *UNKING (NP them )NP , (SBAR since (S (NP (NP the wealthy *UNKING )NP (PP of (NP their friends )NP )PP )NP (VP are (VP shown (S (VP to (VP be (NP (NP *UNK *UNK )NP , (RRC (PP in (NP therapy )NP )PP (PP by (NP age five )NP )PP )RRC )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (S (VP Having (VP *UNKED (NP (NP all modern *UNK )NP (PP to (NP *UNK )NP )PP )NP )VP )VP )S , (NP Linda and Michael )NP (VP decide (S (VP to (VP adopt )VP )VP )S )VP . )S  STOP
(S (S (NP The actors )NP (VP wear (NP *UNKED *UNK )NP (S (VP to (VP indicate (NP (NP their genuine *UNKING )NP (PP for (NP a little one )NP )PP )NP )VP )VP )S )VP )S -- or (S (ADVP maybe )ADVP (NP they )NP (VP 're (ADVP *UNKLY )ADVP (VP *UNKING (PP on (NP (NP (NP the *UNK )NP (PP of (NP the script )NP )PP )NP , and (NP (NP *UNKC *UNKC 's )NP (PRN -LRB- `` (NP The *UNKED )NP '' -RRB- )PRN *UNK direction )NP )NP )PP )VP )VP )S . )S  STOP
(S (S Or (ADVP maybe )ADVP (NP they )NP (VP are (VP *UNKED (PP by (NP the *UNKED musical *UNK )NP )PP )VP )VP )S ; (S (SBAR (WHADVP when )WHADVP (S (NP a character )NP (VP *UNK (PP at (NP a major decision )NP )PP )VP )S )SBAR (NP her *UNK )NP (VP are (VP *UNKED (PP by (NP (NP the sound )NP (PP of `` (S (NP I )NP (VP *UNKC (VP *UNKC (ADVP *UNKLY )ADVP (ADVP Now )ADVP )VP )VP )S )PP )NP )PP )VP )VP )S . '' )S  STOP
(S (S (NP The adoption agency )NP (VP insists (PP on (S (VP introducing (NP the *UNKING parents )NP (PP to (NP the birth mother )NP )PP )VP )S )PP )VP )S , (ADVP so )ADVP (S (NP Linda and Michael )NP (VP pay (PP for (NP (NP (NP pregnant *UNKC 's )NP (PRN -LRB- (NP Ms. *UNKC )NP -RRB- )PRN bus ticket )NP (PP from (NP Ohio )NP )PP )NP )PP )VP )S . )S  STOP
(SBARQ -LRB- (WHADVP Why )WHADVP (SQ (PP in (NP these movies )NP )PP is (NP the *UNKED pregnant woman )NP (ADVP always )ADVP (PP from (NP Ohio )NP )PP )SQ ? )SBARQ  STOP
(S (NP I )NP (VP ask (NP this )NP (PP (ADVP not necessarily )ADVP as (NP a native *UNKC )NP )PP )VP . -RRB- )S  STOP
(S (NP *UNKC )NP , (PP of (NP course )NP )PP , (VP is (ADJP (ADJP pretty and *UNK )ADJP , though (ADJP *UNKED )ADJP )ADJP )VP . )S  STOP
(S (NP Everyone )NP (VP falls (PP in (NP love )NP )PP (PP with (NP (NP everyone )NP (ADJP else )ADJP )NP )PP )VP . )S  STOP
(S (NP There )NP (VP is (NP some *UNK )NP , (SBAR (WHADVP when )WHADVP (S (NP *UNKC )NP (VP (VP has (NP the baby )NP )VP and `` (VP did n't (VP know (SBAR (S (NP she )NP (VP would (VP feel (PP like (NP this )NP )PP )VP )VP )S )SBAR )VP )VP '' and (VP wants (S (VP to (VP keep (NP the baby )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S But (PP in (NP the end )NP )PP , (NP everything )NP (VP turns (PRT out )PRT (PP for (NP the best )NP )PP , (PP in (NP (NP the film makers ' )NP *UNKED view )NP )PP )VP . )S  STOP
(S (PP Like (NP (NP lawyers )NP (PP in (NP the hostile takeover field )NP )PP )NP )PP , (NP the baby )NP (VP goes (SBAR (WHADVP where )WHADVP (S (NP the money )NP (VP is )VP )S )SBAR )VP . )S  STOP
(S (PP At (NP (NP the other end )NP (PP of (NP the life cycle )NP )PP )NP )PP (VP is )VP (NP `` (NP *UNKC )NP , '' (NP (NP (NP Gary David Goldberg 's )NP *UNK )NP (PP of (NP the William *UNKC novel )NP )PP )NP )NP . )S  STOP
(S (NP This picture )NP (VP is (PP about (NP (NP a *UNKED son )NP (SBAR (WHNP who )WHNP (S (VP makes (ADJP sure (SBAR that (S (NP (NP his delayed bond )NP (PP with (NP his father )NP )PP )NP (VP will (VP last )VP )VP )S )SBAR )ADJP (PP by (S (VP waiting (S (VP to (VP *UNK (NP it )NP )VP )VP )S (SBAR until (SBAR just before (S (NP the old man )NP (VP *UNK )VP )S )SBAR )SBAR )VP )S )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP The *UNK emotional style )NP (SBAR (S (NP Mr. Goldberg )NP (VP has (VP *UNKED (PP on (NP (NP television 's )NP `` (NX Family *UNKC )NX '' )NP )PP )VP )VP )S )SBAR )NP (VP does n't (VP benefit (PP from (NP *UNK )NP )PP )VP )VP . )S  STOP
(S (NP His characters )NP (VP (ADVP *UNKLY )ADVP *UNK (PP through (NP (NP a vast range )NP (PP of (NP human *UNK )NP )PP )NP )PP , (PP like (NP (NP *UNK )NP (VP doing (NP 10 cities )NP (PP in (NP eight days )NP )PP )VP )NP )PP )VP . )S  STOP
(S (NP They )NP (VP *UNK (S (ADVP only )ADVP (VP to (VP *UNK (NP (NP (NP little *UNK )NP (PP of (NP *UNK )NP )PP )NP and (NP (NP *UNK )NP (PP of (NP satisfaction )NP )PP )NP )NP )VP )VP )S , (PP like (NP (NP tourists )NP (VP *UNKING (NP (NP the *UNK )NP (SBAR (S (NP they )NP (VP 've (VP seen (PP from (NP (NP the window )NP (PP of (NP a bus )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )NP )PP )VP . )S  STOP
(S (NP Not even (NP Jack *UNKC 's )NP expert *UNKING )NP (VP makes (S (NP this trip )NP (ADJP worth (S (VP taking )VP )S )ADJP )S )VP . )S  STOP
(S So (NP (NP it )NP )NP (VP 's (ADJP entirely possible )ADJP (SBAR that (S `` (S (VP *UNKC (SBAR (WHNP Who )WHNP (S (VP 's (VP *UNKING )VP )VP )S )SBAR )VP )S '' (VP is n't (ADJP (ADJP as *UNKING )ADJP (SBAR as (S (NP it )NP (VP seems )VP )S )SBAR )ADJP (PP in (NP (NP comparison )NP (PP to (NP (NP the *UNK other films )NP (VP opening (ADVP now )ADVP )VP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S But (PP by (NP comparison )NP )PP , (NP this *UNK comedy )NP (VP seems (PP like (NP a *UNK )NP )PP )VP . )S  STOP
(S (NP It )NP (VP (VP starts (PP with (NP *UNK )NP )PP , (S (VP taking (NP (NP (NP the *UNK 's )NP point )NP (PP of (NP view )NP )PP )NP )VP )S )VP , (VP (ADVP then )ADVP *UNK (PP to (NP (NP (NP the baby 's )NP point )NP (PP of (NP view )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP (NP Bruce *UNKC 's )NP best *UNK )NP (PP as (NP an actor )NP )PP )NP (VP is (NP his *UNK , *UNK voice )NP )VP )S , and (S (NP that )NP (VP 's (NP (NP all )NP (SBAR (S (NP you )NP (VP get (PP of (NP him )NP )PP (ADVP here )ADVP , (S (VP *UNKING (PP for (NP the baby )NP )PP )VP )S )VP )S )SBAR )NP )VP )S . )S  STOP
(S (S (ADVP Finally )ADVP , (NP there )NP (VP is (NP (NP one family movie )NP (SBAR (WHNP that )WHNP (S (VP (ADVP quite *UNKLY )ADVP *UNK (NP (NP the *UNK )NP (PP of (NP human *UNK )NP )PP )NP )VP )S )SBAR )NP )VP )S -- (S (ADVP only )ADVP (NP its stars )NP (VP are (NP bears )NP )VP )S . )S  STOP
(S (PP For (NP the second time )NP )PP , (PP in (NP (NP a movie )NP (VP called (S `` (NP The Bear )NP )S )VP )NP )PP , '' (NP French director *UNKC *UNKC )NP (VP *UNK (SBAR (WHADJP just how powerful )WHADJP (S (NP pictures )NP (VP can (VP be )VP )VP )S )SBAR )VP . )S  STOP
(S -LRB- `` (NP (NP *UNKC )NP (PP for (NP *UNKC )NP )PP )NP '' (VP was (NP the first time )NP )VP . -RRB- )S  STOP
(S (S (VP To (VP be (ADJP sure )ADJP )VP )VP )S , (NP one )NP (VP *UNK (SBAR (WHNP (WHNP what kind )WHNP (PP of (NP man )NP )PP )WHNP (S (VP is (NP this )NP , (SBAR (WHNP who )WHNP (S (VP feels (VP *UNKED (S (VP to (VP try (S (VP to (VP understand (NP the (ADJP most *UNK )ADJP *UNKING and *UNK )NP (PP in (NP (NP a way )NP (SBAR (WHNP that )WHNP (S (VP requires (NP (NP the (ADJP most sophisticated )ADJP appreciation )NP (PP of (NP *UNK *UNKING )NP )PP )NP )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP he )NP (VP proposed (NP the movie )NP (PP to (NP (NP his producer )NP , (NP *UNKC *UNKC )NP , )NP )PP (PP in (NP four lines )NP )PP )VP : )S  STOP
(NP `` An *UNK bear *UNK . )NP  STOP
(NP A big *UNK bear . )NP  STOP
(NP (NP Two *UNK )NP (PP in (NP the forest )NP )PP . )NP  STOP
(NP (NP (NP The animals ' )NP point )NP (PP of (NP view )NP )PP . '' )NP  STOP
(S But (ADVP then )ADVP , (NP even a great many words )NP (VP could n't (VP *UNK (NP (NP the extraordinary pull )NP (PP of (NP (NP this movie )NP (PP about (NP (NP an *UNKED bear )NP (SBAR (WHNP who )WHNP (S (VP *UNK (NP a parent )NP )VP )S )SBAR )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(NP *UNKC *UNKC : )NP  STOP
(S (NP (NP One )NP (PP of (NP (NP the best movies )NP (PP about (NP the *UNK- thing )NP )PP (PP in (NP recent years )NP )PP )NP )PP )NP (VP was (NP `` (S (VP *UNKING (NP Arizona )NP )VP )S , '' (NP (NP the 1987 (NP *UNKC brothers ' )NP comedy )NP (SBAR (WHNP that )WHNP (S (VP (ADVP definitely )ADVP was not (PP about (NP (NP the *UNK )NP (PP next (NP door )NP )PP )NP )PP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (S (NP Westinghouse Electric Corp. )NP , (S (VP *UNKING (PP on (NP a major restructuring program )NP )PP )VP )S , (VP expects (NP (NP (NP operating margins )NP (PP of (NP (QP more than 10 )QP % )NP )PP )NP and (NP *UNK- per-share earnings growth )NP )NP (NP next year )NP )VP )S , (NP top officers )NP (VP told (NP (NP securities analysts )NP (ADVP here )ADVP )NP )VP . )S  STOP
(S (NP (NP John C. *UNKC )NP , (NP (NP chairman )NP and (NP chief executive officer )NP )NP , )NP (ADVP also )ADVP (VP said (SBAR (S (NP the company )NP (VP expects (S (NP (NP sales )NP (PP from (NP continuing businesses )NP )PP )NP (VP to (VP rise (NP 8.5 % )NP (ADVP annually )ADVP (PP through (NP the next three years )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP 1988 )NP )PP , (NP the company )NP (VP earned (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (PP on (NP (NP sales )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP )PP )VP . )S  STOP
(S (PP Since (NP 1983 )NP )PP , (NP Westinghouse )NP (VP has (VP shed (NP (NP 70 businesses )NP (SBAR (WHNP that )WHNP (S (NP it )NP (VP did n't (VP expect (S (VP to (VP produce (NP (ADJP 10 % )ADJP operating margins )NP )VP )VP )S )VP )VP )S )SBAR )NP (SBAR while (S (VP acquiring (NP 55 businesses )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP (NP the past 20 months )NP (ADVP alone )ADVP )NP )PP , (NP (NP Paul E. *UNKC )NP , (NP (NP president )NP and (NP chief operating officer )NP )NP , )NP (VP said (SBAR (S (NP (NP the *UNK )NP (PP of (NP (NP (QP $ 300 million )QP )NP (PP of (NP *UNK- , *UNK- businesses )NP )PP )NP )PP )NP (VP has (VP been (ADVP more than )ADVP (VP offset (PP by (NP (NP (QP $ 600 million )QP )NP (PP in (NP profitable acquisitions )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Westinghouse )NP (VP expects (S (VP to (VP meet (NP its corporate goals )NP )VP )VP )S (PP despite (NP (NP a *UNKING )NP (PP in (NP the economy )NP )PP )NP )PP )VP . )S  STOP
(S (S (SBAR Even if (S (NP the gross national product )NP (VP is (UCP either (ADJP flat )ADJP or (PP in (NP (NP the growth range )NP (PP of (NP (QP 2 % to 2.5 % )QP )NP )PP )NP )PP )UCP )VP )S )SBAR , `` (NP we )NP (VP can (VP handle (NP that )NP )VP )VP )S , '' (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (NP GNP )NP (VP is (NP (NP the total value )NP (PP of (NP (NP (NP the nation 's )NP output )NP (PP of (NP goods and services )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP A bright spot )NP (VP is (NP (NP (NP the company 's )NP *UNK- business )NP , (SBAR (WHNP which )WHNP (S (VP is (VP experiencing (NP (NP a surge )NP (PP of (NP growth )NP )PP )NP (PP for (NP (NP the first time )NP (PP in (NP years )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP the business )NP (VP will (VP achieve (NP (NP higher sales )NP )NP (NP this year )NP (PP than (NP (NP (NP the company 's )NP target goal )NP (PP of (NP 8.5 % )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR While (S (NP Westinghouse )NP (VP has n't (VP had (NP (NP a nuclear power plant order )NP (PP from (NP a U.S. utility )NP )PP )NP (PP in (NP about a decade )NP )PP )VP )VP )S )SBAR , (NP excess capacity )NP (VP is (VP beginning (S (VP to (VP *UNK )VP )VP )S )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP the company )NP (VP *UNK (NP (NP the need )NP (PP for (NP (NP a major boost )NP (PP in (NP *UNK- *UNK )NP )PP (PP throughout (NP the 1990s )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Westinghouse )NP (ADVP also )ADVP (VP is (ADJP well positioned (S (VP to (VP sell (NP steam *UNK and gas *UNK plants )NP (PP to (NP independent power producers )NP )PP )VP )VP )S )ADJP )VP . )S  STOP
(S (S (NP (NP The company 's )NP ability (S (VP to (VP respond (PP to (NP energy needs )NP )PP (ADVP world-wide )ADVP )VP )VP )S )NP (VP will (VP be (VP enhanced (PP through (NP (NP a (ADJP recently announced )ADJP venture )NP (PP with (NP Mitsubishi Heavy Industries )NP )PP )NP )PP )VP )VP )VP )S , (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP the independent power segment )NP (VP could (VP grow (S (VP to (VP provide (NP (NP (QP as much as 50 )QP % )NP (PP of (NP near-term generation capacity )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR , (S (VP adding : `` (S (NP We )NP (VP expect (S (VP to (VP supply (NP (NP a significant share )NP (PP of (NP this market )NP )PP )NP )VP )VP )S )VP )S )VP )S )VP . '' )S  STOP
(S (NP Westinghouse )NP (ADVP also )ADVP (VP expects (S (NP its international sales )NP (VP to (ADVP soon )ADVP (VP grow (PP to (NP (NP 25 % )NP (PP of (NP total corporate sales )NP )PP )NP )PP (PP from (NP 20 % )NP (NP last year )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The company )NP (VP is (VP negotiating (PP with (NP the Soviets )NP )PP (S (VP to (VP build (NP (NP a *UNKC King *UNK- plant )NP (SBAR (WHNP that )WHNP (S (VP would (VP produce (NP (QP about 10,000 )QP units )NP (ADVP annually )ADVP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP Westinghouse )NP (VP would (VP own (NP (NP 70 % )NP (PP of (NP the facility )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP The deal )NP , (SBAR (WHNP which )WHNP (S (VP will (VP involve (NP an initial (ADJP (QP $ 20 million )QP )ADJP investment )NP )VP )VP )S )SBAR , )NP (VP was (VP struck (PP with (NP a *UNK )NP )PP )VP )VP )S , (NP he )NP (VP added )VP . )S  STOP
(S (NP Company officials )NP (ADVP also )ADVP (VP said (SBAR that (S (NP (NP any gain )NP (PP from (NP (NP the sale )NP (PP of (NP (NP (NP Westinghouse 's )NP (ADJP 55 % )ADJP stake )NP (PP in (NP (NP its *UNK and distribution venture )NP (PP with (NP (NP the Swiss firm )NP (PP of (NP *UNKC Brown *UNKC )NP )PP )NP )PP )NP )PP )NP )PP )NP )PP )NP (VP will (VP be (VP offset (PP by (NP a restructuring charge )NP )PP (PP in (NP the fourth quarter )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The executives )NP (VP did n't (VP disclose (NP (NP the size )NP (PP of (NP the expected gain )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Capital *UNK )NP (PP in (NP 1990 )NP )PP )NP (VP will (VP rise (ADVP slightly )ADVP (PRN , (S (NP Mr. *UNKC )NP (VP said )VP )S , )PRN (PP from (NP an (QP estimated $ *UNKN million )QP )NP (NP this year )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP (PP in (NP International *UNKC Machines Corp. )NP )PP )NP (VP fell (PP to (NP *UNKN shares )NP (PP in (NP (NP the month )NP (VP ended (NP Oct. 13 )NP )VP )NP )PP )PP (PP from (NP *UNKN )NP (PP in (NP September )NP )PP )PP )VP . )S  STOP
(S (PP Because of (NP (NP an error )NP (PP by (NP (NP the National Association )NP (PP of (NP Securities Dealers )NP )PP )NP )PP )NP )PP , (NP the listing )NP (VP appeared (ADVP incorrectly )ADVP (PP in (NP (NP the main table )NP and (NP several *UNK tables )NP )NP )PP (PP in (NP (NP yesterday 's )NP edition )NP )PP )VP . )S  STOP
(SINV (S (NP (NP A proposed *UNK- policy )NP (PP for (NP (ADJP federally funded )ADJP *UNK researchers )NP )PP )NP (VP may (VP *UNK (NP many *UNK- new ventures )NP )VP )VP )S , (VP say )VP (NP (NP *UNK )NP , (NP researchers )NP and (NP university *UNK )NP )NP . )SINV  STOP
(S (NP The (NAC National Institutes (PP of (NP Health )NP )PP )NAC policy )NP (VP would (VP require (S (NP researchers )NP (VP to (VP (VP cut (NP (NP financial ties )NP (PP with (NP health-care businesses )NP )PP )NP )VP -- or (VP lose (NP their government money )NP )VP )VP )VP )S )VP )VP . )S  STOP
(S (PP Among (NP other concerns )NP )PP , (NP the agency )NP (VP says (SBAR (S (NP (NP researchers )NP (PP with (NP business ties )NP )PP )NP (VP are (ADJP more likely (S (VP to (VP *UNK (NP findings )NP (SBAR in order (S (VP to (VP *UNK (NP new drugs )NP )VP )VP )S )SBAR )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S (SBAR As (S (NP (NP ties )NP (PP between (NP (NP *UNK )NP and (NP venture capital )NP )NP )PP )NP (VP have (VP *UNKED (PP in (NP recent years )NP )PP )VP )VP )S )SBAR , (NP (NP *UNK fear )NP (PP of (NP abuse )NP )PP )NP (VP has (VP risen )VP )VP . )S  STOP
(SINV (S But (NP the guidelines )NP (VP could `` (VP make (S (NP (NP it )NP )NP (ADJP impossible )ADJP (S (VP to (VP *UNK (NP research )NP )VP )VP )S )S )VP )VP )S , '' (VP says )VP (NP (NP Kenneth Smith )NP , (NP (NP associate *UNK )NP and (NP (NP vice president )NP (PP for (NP research )NP )PP )NP (PP at (NP (NP Massachusetts Institute )NP (PP of (NP Technology )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP The NIH )NP (VP is (VP asking (NP (NP grant *UNK )NP and (NP others )NP )NP (PP for (NP (NP comments )NP (PP on (NP the proposed guidelines )NP )PP )NP )PP (PP until (NP Dec. 15 )NP )PP )VP )VP . )S  STOP
(S (PP After (NP that )NP )PP , (NP it )NP (VP will (VP make (NP (NP a final decision )NP (PP on (NP the policy )NP )PP )NP )VP )VP . )S  STOP
(SINV (S (NP The guidelines )NP (VP could (VP *UNK (NP (NP future arrangements )NP (ADJP similar (PP to (NP (NP the deal )NP (PP behind (NP (NP *UNKC Inc. )NP , (NP a (NAC *UNKC , Mass. , )NAC start-up )NP )NP )PP )NP )PP )ADJP )NP )VP )VP )S , (VP says )VP (NP (NP Robert Daly )NP , (NP (NP a managing partner )NP (PP of (NP (NP *UNK Associates )NP , (NP a *UNK- firm )NP )NP )PP )NP )NP . )SINV  STOP
(S (PP With (NP (QP $ 2.3 million )QP )NP )PP , (NP (NP he )NP and (NP other investors )NP )NP (VP launched (NP *UNKC )NP (NP last year )NP (S (VP to (VP market (NP (NP a *UNK cure )NP (VP being (VP developed (PP by (NP (NP researchers )NP (PP of (NP (NP the University )NP (PP of (NP California )NP )PP (PP at (NP San Diego )NP )PP )NP )PP )NP )PP )VP )VP )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP The researchers )NP , (SBAR (WHNP who )WHNP (S (VP are (VP being (VP financed (PP by (NP the *UNKC funds )NP )PP )VP )VP )VP )S )SBAR , )NP (VP will (VP receive (NP a (NX (NX *UNK )NX , or (NX (NX percentage )NX (PP of (NP sales )NP )PP )NX , )NX )NP (SBAR if (S (NP their research )NP (VP yields (NP a commercial product )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (S But (SBAR because (S (NP (NP the University )NP (PP of (NP California )NP )PP )NP , (PP like (NP many other universities )NP )PP , (VP shares (NP its *UNK )NP (PP with (NP researchers )NP )PP )VP )S )SBAR , (NP it )NP (VP may (VP *UNK (NP itself )NP (PP from (NP federal funds )NP )PP (PP under (NP the proposed guidelines )NP )PP )VP )VP , )S (NP Mr. Daly )NP (VP says )VP . )S  STOP
(S (NP The high-tech industry )NP (VP is (ADJP full (PP of (NP (NP the kind )NP (PP of (NP arrangement )NP )PP (SBAR (WHNP that )WHNP (S (NP the new guidelines )NP (VP would (VP affect )VP )VP )S )SBAR )NP )PP )ADJP )VP . )S  STOP
(S (PP For (NP instance )NP )PP , (NP (NP Commonwealth *UNKC Inc. )NP , (NP a *UNK- concern )NP , )NP (NP last month )NP (VP invested (NP $ *UNKN )NP (S (VP to (VP launch (NP (NP *UNKC Inc. )NP , (NP (NP a (NAC *UNKC , Mass. , )NAC concern )NP (SBAR (WHNP that )WHNP (S (VP will (VP produce (NP *UNK )NP )VP )VP )S )SBAR )NP )NP )VP )VP )S )VP . )S  STOP
(S (NP Scientists *UNKC *UNKC and Paul *UNKC )NP (VP conducted (NP the initial research )NP (PP at (NP (NP the Massachusetts Institute )NP (PP of (NP Technology )NP )PP )NP )PP )VP . )S  STOP
(S (SBAR While (S (NP Ms. *UNKC )NP (VP left (NP *UNKC )NP (S (VP to (VP head (NP *UNKC )NP )VP )VP )S )VP )S )SBAR , (NP *UNKC *UNKC )NP (VP will (VP continue (S (VP to (VP (VP work (PP at (NP *UNKC )NP )PP )VP , (VP serve (PP on (NP (NP *UNKC 's )NP board )NP )PP )VP and (VP own (NP (NP a small equity stake )NP (PP in (NP the company )NP )PP )NP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP The *UNKC transaction )NP (VP is (ADJP typical (PP of (NP (NP the way )NP (SBAR (S (NP *UNK- firms )NP (VP are (VP *UNKING (NP (NP the task )NP (PP of (S (VP *UNKING (NP biotechnology research )NP )VP )S )PP )NP )VP )VP )S )SBAR )NP )PP )ADJP )VP . )S  STOP
(SINV (S (SBAR While (S (NP universities )NP (VP develop (NP the basic research )NP )VP )S )SBAR , `` (NP venture *UNK )NP (VP are (NP (NP the ones )NP (VP (ADVP best )ADVP positioned (S (VP to (VP finance (NP its *UNK )NP )VP )VP )S )VP )NP )VP )S , '' (VP says )VP (NP (NP *UNKC W. *UNKC )NP (PP of (NP Commonwealth )NP )PP )NP . )SINV  STOP
(S `` (NP This )NP (VP is (NP (NP the best way )NP (SBAR (S (VP to (VP transfer (NP technology )NP (PP straight off (NP (NP the *UNK )NP (PP of (NP universities )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP . '' )S  STOP
(S (S But (NP the new guidelines )NP (VP could (VP prevent (NP (NP scientists )NP (PP like (NP Prof. *UNKC )NP )PP )NP (PP from (S (VP being (VP involved (PP with (NP (NP *UNK- )NP (PP such as (NP *UNKC )NP )PP )NP )PP )VP )VP )S )PP )VP )VP , )S (NP venture *UNK )NP (VP point (PRT out )PRT )VP . )S  STOP
(S (S And (SBAR if (S (NP that )NP (VP happens )VP )S )SBAR , (NP (NP the entire process )NP (PP of (S (VP *UNKING (NP technology )NP (PP to (NP the marketplace )NP )PP )VP )S )PP )NP (VP could (VP be (VP *UNKED )VP )VP )VP , )S (NP they )NP (VP say )VP . )S  STOP
(S (NP (NP The stakes )NP (PP in (NP the controversy )NP )PP )NP (VP are (ADJP large )ADJP )VP . )S  STOP
(S (NP Last year )NP , (NP venture *UNK )NP (VP spent (NP an (QP estimated $ 600 million )QP )NP (S (VP to (VP finance (NP start-up companies )NP (PP in (NP (UCP medical and biotechnology )UCP businesses )NP )PP )VP )VP )S , (PP according (PP to (NP (NP the National *UNKC Capital Association )NP , (NP a trade group )NP )NP )PP )PP )VP . )S  STOP
(S (NP (NP Many )NP (PP of (NP the deals )NP )PP )NP (VP involved (NP (NP transactions )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP scientific institutions or researchers )NP (VP agreed (S (VP to (VP *UNK (NP their work )NP )VP )VP )S (PP in (NP (NP return )NP (PP for (NP (NP an equity stake )NP or (NP *UNK )NP )NP )PP )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(SINV (S (PP In (NP (NP many )NP (PP of (NP these deals )NP )PP )NP )PP , `` (NP venture capitalists )NP (VP had (NP the inside track )NP )VP )S , '' (VP says )VP (NP (NP Lawrence *UNKC )NP (PP of (NP (NP *UNKC *UNKC )NP , (NP (NP La Jolla )NP , (NP Calif )NP )NP )NP )PP )NP . )SINV  STOP
(S (S (NP Investors )NP (VP were (ADJP willing (S (VP to (VP *UNK (PP on (NP new technologies )NP )PP (SBAR because `` (S (NP we )NP (VP had (NP (NP exclusive rights )NP (PP to (NP those technologies )NP )PP )NP )VP )S )SBAR )VP )VP )S )ADJP )VP )S , '' (NP he )NP (VP adds )VP . )S  STOP
(S But (PP under (NP the proposed guidelines )NP )PP , (NP all (ADJP federally funded )ADJP research )NP (VP will (VP have (S (VP to (VP be (VP reported (ADVP publicly )ADVP (SBAR so that (S (NP anyone )NP (VP can (VP *UNK (PP on (NP the work )NP )PP )VP )VP )S )SBAR )VP )VP )VP )S )VP )VP . )S  STOP
(S `` (S (PP Without (NP the *UNK )NP )PP , (NP most venture capitalists )NP (VP wo n't (VP have (NP the incentive (S (VP to (VP invest (PP in (NP such deals )NP )PP )VP )VP )S )NP )VP )VP )S , '' (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S (NP Last year )NP , (PP for (NP example )NP )PP , (NP *UNKC and others )NP (VP invested (NP (QP $ 14 million )QP )NP (PP in (NP (NP *UNKC *UNKC Inc. )NP , (NP (NP South San Francisco )NP , (NP Calif. )NP )NP )NP )PP , (S (VP to (VP license and develop (NP (NP technology )NP (PP for (NP (NP delivery )NP (PP of (NP drugs )NP )PP (PP to (NP the brain )NP )PP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (S But (SBAR before (S (NP *UNKC )NP (VP was (ADJP able (S (VP to (VP get (NP (NP an exclusive license )NP (PP to (NP the technology )NP )PP )NP )VP )VP )S )ADJP )VP )S )SBAR , (NP the Federal *UNKC )NP (VP published (NP (NP most )NP (PP of (NP the details )NP )PP )NP , `` (S (VP giving (NP (NP all )NP (PP of (NP (NP the company 's )NP potential competitors )NP )PP )NP (NP a chance (S (VP to (VP *UNK (NP it )NP )VP )VP )S )NP )VP )S )VP )S , '' (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S (NP *UNKC )NP (VP (VP (ADVP eventually )ADVP acquired (NP (NP exclusive rights )NP (PP to (NP the technology )NP )PP )NP )VP and (VP (ADVP currently )ADVP is (VP developing (NP it )NP )VP )VP )VP . )S  STOP
(SINV But , (VP says )VP (NP Mr. *UNKC )NP , `` (S (NP It )NP (VP was (NP a close call )NP )VP )S . '' )SINV  STOP
(S (S (NP The proposed guidelines )NP (VP could (ADVP also )ADVP (VP (VP delay (NP *UNK )NP )VP -- and (VP force (S (NP small companies )NP (VP to (VP waste (NP scarce capital )NP )VP )VP )S )VP )VP )VP )S , (NP entrepreneurs )NP (VP say )VP . )S  STOP
(SINV (S (SBAR If (S (NP *UNK- )NP (VP ca n't (VP have (NP (NP early access )NP (PP to (NP (NP research )NP (VP being (VP conducted (PP at (NP institutions )NP )PP )VP )VP )NP )PP )NP )VP )VP )S )SBAR , `` (NP we )NP (VP have (S (VP to (VP (VP *UNK (NP it )NP (NP ourselves )NP )VP or (VP do (PP without (NP the research )NP )PP )VP )VP )VP )S )VP )S , '' (VP says )VP (NP (NP Ruth *UNKC )NP , (NP (NP manager )NP (PP of (NP business development )NP )PP (PP at (NP (NP *UNKED *UNK Inc. )NP , (NP a (NAC Cambridge , Mass. , )NAC concern )NP )NP )PP )NP )NP . )SINV  STOP
(S (S (S (VP *UNKING (NP research )NP )VP )S (VP is (ADJP both costly and *UNKING )ADJP (PP for (NP a start-up )NP )PP )VP )S , (NP Ms. *UNKC )NP (VP says )VP . )S  STOP
(S (PP For (NP its part )NP )PP , (NP NIH )NP (VP insists (SBAR that (S (NP its guidelines )NP `` (VP should not (VP *UNK (NP (NP research *UNK )NP or (NP (NP technology transfer )NP (PP from (NP the research laboratory )NP )PP (PP to (NP commercial use )NP )PP )NP )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(SINV (S (NP (NP *UNKC )NP (PP such as (NP Harvard and *UNKC )NP )PP )NP (VP should (VP be (ADJP able (S (VP to (VP develop (NP (NP a way )NP (SBAR (S (VP to (VP act (PP as (NP (NP brokers )NP (PP for (NP the individual scientists )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )ADJP )VP )VP )S , (VP says )VP (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP oversees (NP the huge NIH grants program )NP (PP as (NP (NP its deputy director )NP (PP for (NP *UNK research )NP )PP )NP )PP )VP )S )SBAR )NP . )SINV  STOP
(S (NP NIH staff members )NP (VP believe (SBAR (S (NP the guidelines )NP (VP are (ADJP essential (S (VP to (VP prevent (NP (NP the *UNK )NP (PP of (NP (NP problems )NP (SBAR (WHNP that )WHNP (S (VP have (ADVP already )ADVP (VP begun (S (VP to (VP surface (PP in (NP scientific ventures )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Not long ago )ADVP , (NP (NP scientists )NP (VP holding (NP (NP stock )NP (PP in (NP *UNKC Pharmaceutical Services Inc. )NP )PP )NP )VP )NP (VP were (VP accused (PP of (S (VP *UNKING (NP research )NP (S (VP to (VP boost (NP the stock )NP )VP )VP )S )VP )S )PP )VP )VP . )S  STOP
(S (NP Many officials )NP (VP are (ADVP also )ADVP (ADJP concerned (PP about (NP (NP companies )NP (VP getting (NP (NP a `` free ride '' )NP (PP on (NP *UNKED research )NP )PP )NP )VP )NP )PP )ADJP )VP . )S  STOP
(S (NP A congressional *UNK )NP (VP has (VP been (VP investigating (NP (NP the potential abuse )NP (PP from (NP (NP researchers )NP (VP holding (NP (NP stock )NP (PP in (NP (NP companies )NP (VP *UNKING (NP their research )NP )VP )NP )PP )NP )VP )NP )PP )NP )VP )VP )VP . )S  STOP
(S (PP Among (NP other provisions )NP )PP , (NP the NIH guidelines )NP (VP would (VP *UNK (NP (NP researchers )NP and (NP (NP members )NP (PP of (NP their immediate families )NP )PP )NP )NP (PP from (S (VP holding (NP (NP stock )NP (PP in (NP (NP any company )NP (SBAR (WHNP that )WHNP (S (VP is (VP affected (PP by (NP (NP the outcome )NP (PP of (NP their research )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP (NP Ms. *UNKC )NP , (NP the NIH *UNK )NP , )NP (VP says (SBAR (S (NP the (UCP business and scientific )UCP community )NP (VP is (VP *UNKING (PP to (SBAR (WHNP what )WHNP (S (NP the agency )NP (ADVP merely )ADVP (VP meant (S (VP to (VP be `` (NP (NP ideas )NP (PP for (NP discussion )NP )PP )NP )VP )VP )S )VP )S )SBAR )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (S (NP (NP The predictions )NP (PP of (NP *UNK )NP )PP )NP (VP are `` (ADJP *UNK )ADJP )VP )S , '' (NP she )NP (VP says )VP . )S  STOP
(S (S But (SBAR (WHADVP when )WHADVP (S (NP (NP agencies )NP (PP like (NP the NIH )NP )PP )NP (VP *UNK (NP guidelines )NP )VP )S )SBAR , (NP they )NP (VP 've (ADVP often )ADVP (ADVP already )ADVP (VP *UNKED (NP policy )NP )VP )VP )S , (NP veteran scientists )NP (VP say )VP . )S  STOP
(S (ADVP Indeed )ADVP , (NP institutions )NP (ADVP already )ADVP (VP are (VP taking (NP note )NP )VP )VP . )S  STOP
(S (PP On (NP Sept. 14 )NP )PP , (NP Harvard )NP (VP began (S (VP *UNKING (NP (NP a *UNK- policy statement )NP (SBAR (WHNP that )WHNP , (S (PP in (NP effect )NP )PP , (VP would (VP follow (NP the NIH guidelines )NP (ADVP *UNKLY )ADVP )VP )VP )S )SBAR )NP )VP )S )VP . )S  STOP
(S (NP (NP The University )NP (PP of (NP California )NP )PP (PP at (NP San Francisco )NP )PP )NP (VP is (ADVP also )ADVP (VP *UNKING (NP (NP a memo )NP )NP (PP among (NP its scientific *UNK )NP )PP (SBAR (WHNP that )WHNP (S (VP will (VP restrict (NP (NP contact )NP (PP with (NP (NP the world )NP (PP of (NP business )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP many other institutions )NP )PP , (NP scientists )NP (VP are (VP *UNKING (NP (NP contacts )NP (PP with (NP venture investors )NP )PP )NP (SBAR until (S (NP the NIH policy )NP (VP is (VP settled )VP )VP )S )SBAR )VP )VP . )S  STOP
(SINV (VP Says )VP (NP (NP Mr. Daly )NP , (NP the venture *UNK )NP )NP : `` (S (NP (NP It )NP )NP (VP does n't (VP matter (SBAR whether (S (NP they )NP (VP call (S (NP it )NP (NP guidelines or policy )NP )S )VP )S )SBAR )VP )VP )S . )SINV  STOP
(S (NP The damage )NP (VP is (ADVP already )ADVP (VP done )VP )VP . )S  STOP
(FRAG (NP Friday )NP , (NP Oct. 27 )NP , (NP (NP 9 *UNK- )NP (NP EDT )NP )NP , (PP on (NP *UNKC )NP )PP (PRN -LRB- (S (S (NP *UNKC air *UNK and times )NP (VP vary )VP )S , (ADVP so )ADVP (S (VP check (NP local *UNK )NP )VP )S )S -RRB- )PRN : `` (NP Show *UNKC )NP . '' )FRAG  STOP
(S (NP (NP New Jersey 's )NP Paper *UNKC *UNKC )NP (VP produced (NP (NP this *UNK revival )NP (PP of (NP (NP (NP America 's )NP (ADJP most influential )ADJP musical )NP , (VP (VP written (PP by (NP (NP *UNKC *UNKC )NP and (NP *UNKC *UNKC )NP )NP )PP )VP and (VP (ADVP first )ADVP produced (PP on (NP *UNKC )NP )PP (PP in (NP *UNKN )NP )PP )VP )VP )NP )PP )NP )VP . )S  STOP
(FRAG (ADJP Worth (S (VP watching )VP )S )ADJP , (SBAR although (S (NP the music )NP (VP has (VP *UNKED (ADVP (ADVP better )ADVP (PP than (NP (NP the plot )NP or (NP the *UNK )NP )NP )PP )ADVP )VP )VP )S )SBAR . )FRAG  STOP
(FRAG (NP Saturday )NP , (NP Oct. 28 )NP , (NP (NP *UNKN p.m. )NP (NP EDT )NP )NP , (PP on (NP HBO )NP )PP (PRN -LRB- (VP repeated (NP (NP Oct. 31 )NP , (NP Nov. 5 , 8 , 14 , 16 and 20 )NP )NP )VP -RRB- )PRN : `` (NP *UNKC *UNKC )NP . '' )FRAG  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP Brian *UNKC )NP and (NP *UNKC *UNKING )NP )NP (VP are (ADJP excellent )ADJP (PP in (NP (NP this *UNKING tale )NP (PP of (NP (NP a reluctant witness )NP (PP in (NP an organized crime prosecution )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP It )NP (VP 's (VP set (PP in (NP New York )NP )PP )VP )VP )S , but (S (NP it )NP (VP *UNK (PP with (NP (NP the terrible *UNK )NP (PP of (NP the (ADJP Latin American )ADJP drug wars )NP )PP )NP )PP )VP )S . )S  STOP
(FRAG (NP Sunday )NP , (NP Oct. 29 )NP , (NP (NP *UNKN p.m. )NP (NP EST )NP )NP , (PP on (NP ABC )NP )PP : `` (NP The *UNKC *UNKC )NP . '' )FRAG  STOP
(NP No doubt (SBAR (S (NP there )NP (VP is (NP (NP something )NP (SBAR (S (VP to (VP *UNK (NP everyone )NP )VP )VP )S )SBAR )NP (PP in (NP (NP this *UNKED *UNK )NP (PP of (NP (NP (NP (NP Bob *UNKC )NP and (NP Carl *UNKC )NP 's )NP book )NP (PP about (NP *UNKC )NP )PP )NP )PP )NP )PP )VP )S )SBAR . )NP  STOP
(S (ADVP *UNKLY )ADVP , (NP I )NP (VP 'm (VP *UNKED (PP by (NP (NP its combination )NP (PP of (NP *UNK and *UNK )NP )PP , (SBAR (WHNP which )WHNP (S (VP adds (PRT up )PRT (PP to (NP (NP an *UNK lack )NP (PP of (NP drama )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(FRAG (NP Sunday )NP , (NP Oct. 29 )NP , (NP (NP *UNKN p.m. )NP (NP EST )NP )NP , (PP on (NP Showtime )NP )PP (PRN -LRB- (VP repeated (NP Nov. 2 , 6 , 11 and 15 )NP )VP -RRB- )PRN : `` (NP (NP The *UNKC *UNKC )NP (PP of (NP (NP Dr. *UNKC )NP and (NP Mr. *UNKC )NP )NP )PP )NP . '' )FRAG  STOP
(S (NP (NP *UNKC )NP (PP of (NP (NP Anthony *UNKC )NP (PRN -LRB- `` (NP *UNKC *UNKED )NP '' -RRB- )PRN )NP )PP )NP (VP will (VP *UNK (S (VP watching (S (NP him )NP (VP play (NP the title role -LRB- *UNK -RRB- )NP (PP in (NP (NP the *UNK- Robert Louis *UNKC *UNK- drama )NP (PP of (NP *UNK *UNK )NP )PP )NP )PP )VP )S )VP )S )VP )VP . )S  STOP
(FRAG (NP Monday )NP , (NP Oct. 30 )NP , (NP (NP *UNKN p.m. )NP (NP EST )NP )NP , (PP on (NP *UNKC )NP )PP : `` (NP (NP *UNKC )NP (PP *UNKC (NP *UNKC )NP )PP )NP . '' )FRAG  STOP
(S (NP I )NP (VP promise (SBAR (S (NP you )NP (VP will (VP stay (ADJP *UNK )ADJP (PP through (NP (NP this *UNKING *UNK )NP (PP about (NP (NP the science )NP (PP of (NP *UNK )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(FRAG (NP Wednesday )NP , (NP Nov. 1 )NP , (NP (NP *UNKN p.m. )NP (NP EST )NP )NP , (PP on (NP PBS )NP )PP : `` (NP Thomas *UNKC *UNKC )NP . '' )FRAG  STOP
(S (NP *UNKC opinion )NP (VP is (VP divided (PP about (NP (NP the success )NP (PP of (NP (NP (NP *UNKC 's )NP *UNK *UNK )NP (PP of (NP *UNK art )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S But (NP no one )NP (VP could (VP disagree (SBAR that (S (NP *UNKC *UNKC )NP (VP has (VP made (NP (NP a *UNKING film )NP (PP about (NP this famous American *UNK )NP )PP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(FRAG (NP Thursday )NP , (NP Nov. 2 )NP , (NP (NP *UNKN p.m. )NP (NP EST )NP )NP , (PP on (NP *UNKC )NP )PP (PRN -LRB- (VP repeated (PP (PP at (NP 1 a.m. )NP )PP and (PP on (NP Nov. 5 )NP )PP )PP )VP -RRB- )PRN : `` (NP (NP Third and *UNKC )NP : (NP The *UNKC Hall )NP )NP . '' )FRAG  STOP
(S (NP (NP A *UNK- )NP (PP by (NP the *UNKC *UNKING *UNK *UNKC Norman )NP )PP )NP (VP is (NP (NP the first *UNK )NP (PP in (NP (NP a new series )NP (VP called (S `` (NP American *UNKC *UNKC )NP )S )VP , '' (VP sponsored (PP by (NP General Motors )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(S (NP (NP James *UNKC Jones )NP and (NP *UNKC Van *UNKC )NP )NP (VP carry (PRT out )PRT (NP (NP a bitter *UNK dialogue )NP (PP between (NP two black men )NP )PP )NP )VP . )S  STOP
(FRAG (NP *UNKC )NP , (NP Nov. *UNKN )NP , (NP (NP *UNKN p.m. )NP (NP EST )NP )NP , (PP on (NP PBS )NP )PP : `` (NP (NP Taiwan )NP : (NP The Other China )NP )NP . '' )FRAG  STOP
(S (NP *UNKC *UNKC )NP (VP *UNK (NP (NP this *UNK *UNK- series )NP (PP about (NP (NP the history , economy , culture and politics )NP (PP of (NP (NP the island home )NP (PP of (NP Chinese democracy and *UNK )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(FRAG (NP Friday )NP , (NP Nov. 3 )NP , (NP (NP *UNKN p.m. )NP (NP EST )NP )NP , (PP on (NP PBS )NP )PP : `` (NP Our *UNKC )NP . '' )FRAG  STOP
(S (ADVP Along (PP with `` (NP Show *UNKC )NP )PP )ADVP , '' `` (NP Great *UNKC )NP '' (VP *UNK (PRT off )PRT (NP its new season )NP (PP with (NP (NP this Lincoln Center production )NP (PP of (NP (NP (NP *UNKC *UNKC 's )NP (ADJP best known )ADJP play )NP , (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP (NP the role )NP (PP of (NP the *UNK- *UNKC *UNKC )NP )PP )NP (VP is (VP given (NP a *UNK *UNK )NP (PP by (NP performance artist *UNKING Gray )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(FRAG (NP Saturday )NP , (NP Nov. 4 )NP , (NP (NP *UNKN p.m. )NP (NP EST )NP )NP , (PP on (NP NBC )NP )PP : (NP (NP *UNKC 's )NP *UNKC Day )NP . )FRAG  STOP
(NP (NP (NP *UNKED *UNK )NP , (NP fancy *UNK )NP , (NP fat *UNK )NP )NP -- (NP (NP the horse race )NP (PP of (NP the year )NP )PP )NP . )NP  STOP
(FRAG (NP Sunday )NP , (NP Nov. 5 )NP , (NP (NP *UNKN *UNK- p.m. )NP (NP EST )NP )NP , (PP on (NP ABC )NP )PP : (NP New York City *UNKC )NP . )FRAG  STOP
(NP (NP (NP *UNKC *UNKC )NP , (NP *UNKED cement )NP , (NP media *UNK )NP )NP -- (NP (NP the foot race )NP (PP of (NP the year )NP )PP )NP . )NP  STOP
(FRAG (NP Sunday )NP , (NP Nov. 5 )NP , (NP (NP *UNKN p.m. )NP (NP EST )NP )NP , (PP on (NP *UNKC )NP )PP : `` (NP (NP (NP Gary *UNKC )NP : (NP (NP American Life )NP , (NP American *UNKC )NP )NP )NP )NP . '' )FRAG  STOP
(S (S (NP I )NP (VP 've (VP seen (NP a (ADJP great many )ADJP *UNK film *UNK )NP )VP )VP )S , and (S (NP this one )NP (VP is (ADJP outstanding )ADJP )VP )S . )S  STOP
(FRAG (NP *UNKC )NP , (NP Nov. *UNKN )NP , (NP (NP *UNKN p.m. )NP (NP EST )NP )NP , (PP on (NP PBS )NP )PP : `` (NP (NP *UNKC )NP (ADJP *UNKC )ADJP (PP for (NP All )NP )PP )NP . '' )FRAG  STOP
(SQ Can `` (NP *UNKC *UNKC )NP '' (VP make (NP a *UNKING human story )NP (PP out (PP of (NP (NP the discovery )NP (PP of (NP insulin )NP )PP )NP )PP )PP )VP ? )SQ  STOP
(S (NP This *UNK , *UNKING film )NP (VP answers (PP with (NP a *UNKING `` yes )NP )PP )VP . '' )S  STOP
(FRAG (NP Sunday and Monday )NP , (NP Nov. 5 and 6 )NP , (NP (NP *UNKN p.m. )NP (NP EST )NP )NP , (PP on (NP NBC )NP )PP : `` (NP (NP Cross )NP (PP of (NP *UNKC )NP )PP )NP . '' )FRAG  STOP
(S (NP The *UNK *UNKC *UNKC )NP (VP was (VP revived (PP in (NP the *UNK )NP )PP (PP as (NP (NP a national organization )NP (VP aimed (PP at (NP (NP *UNKC and *UNKC )NP (CONJP as well as )CONJP (NP blacks )NP )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (NP (NP One reason )NP (PP for (NP its *UNK )NP )PP )NP (VP was (NP (NP the murder trial )NP (PP of (NP (NP D.C. *UNKC )NP , (NP (NP an *UNKC leader )NP (SBAR (WHNP whose reckless career )WHNP (S (VP is (VP *UNKED (PP in (NP (NP this film )NP (VP *UNKING (NP (NP (NP *UNKC Harris )NP (PRN -LRB- `` (NP *UNKING )NP '' -RRB- )PRN )NP and (NP John *UNKC )NP )NP )VP )NP )PP )VP )VP )S )SBAR )NP )NP )PP )NP )VP . )S  STOP
(FRAG (NP Tuesday )NP , (NP Nov. 7 )NP , (NP (NP *UNKN p.m. )NP (NP EST )NP )NP , (PP on (NP PBS )NP )PP : `` (NP Hurricane )NP ! '' )FRAG  STOP
(SQ *UNKC (NP the San Francisco earthquake )NP (VP caused (S (NP you )NP (VP to (VP forget (NP Hugo )NP )VP )VP )S )VP ? )SQ  STOP
(S (NP You )NP (VP 'll (VP remember (SBAR (WHADVP when )WHADVP (S (NP you )NP (VP see (NP (NP the *UNKING *UNK )NP (VP taken (PP from (PP inside (NP (NP a hurricane 's )NP eye )NP )PP )PP )VP )NP , (PP in (NP (NP this edition )NP (PP of `` (NP *UNKC )NP )PP )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Merksamer *UNKC Inc. )NP , (NP a *UNKING jewelry store chain )NP , )NP (VP filed (PP for (NP (NP Chapter 11 bankruptcy-law protection )NP (PP from (NP creditors )NP )PP )NP )PP , (S (ADVP apparently )ADVP (VP to (VP speed (NP (NP a management buy-out )NP (PP of (NP the chain )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP The filing )NP , (VP made (NP yesterday )NP (PP in (NP (NP U.S. Bankruptcy Court )NP (ADVP here )ADVP )NP )PP )VP , )NP (VP follows (NP (NP an agreement )NP (PP by (NP (NP L.J. Hooker Corp. )NP , (NP (NP Merksamer 's )NP owner )NP , )NP )PP (S (VP to (VP sell (NP the chain )NP (PP to (NP management )NP )PP (PP for (NP an undisclosed price )NP )PP )VP )VP )S )NP )VP . )S  STOP
(S (NP (NP GE Capital Corp. )NP , (NP (NP a financial services subsidiary )NP (PP of (NP General Electric Co. )NP )PP )NP , )NP (VP is (VP providing (NP Merksamer management )NP (PP with (NP (NP (QP $ 15 million )QP )NP (PP in (NP financing )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP L.J. Hooker )NP , (VP based (PP in (NP Atlanta )NP )PP )VP , )NP (VP (VP filed (PP for (NP Chapter 11 protection )NP )PP (PP in (NP August )NP )PP )VP and (VP has (ADVP also )ADVP (VP announced (NP its intention (S (VP to (VP sell (NP its B. *UNKC & Co. department store chain )NP )VP )VP )S )NP )VP )VP )VP . )S  STOP
(S (NP L.J. Hooker )NP (VP is (VP owned (PP by (NP (NP Hooker Corp. )NP , (NP (NP Sydney )NP , (NP Australia )NP , )NP (SBAR (WHNP (WHNP which )WHNP (NP itself )NP )WHNP (S (VP is (ADVP currently )ADVP (VP being (VP managed (PP by (NP a *UNKED provisional *UNK )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP (NP L.J. Hooker 's )NP planned sale )NP (PP of (NP Merksamer )NP )PP )NP (VP is (ADJP subject (PP to (NP (NP approval )NP (PP by (NP (NP Judge *UNKC *UNKC )NP (PP of (NP U.S. Bankruptcy Court )NP )PP )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP to (NP the effect (SBAR that (S (NP the Merksamer chain )NP (VP would (VP file (PP for (NP Chapter 11 )NP )PP )VP )VP )S )SBAR )NP )PP )NP (VP *UNK (NP last week )NP (PP in (NP the jewelry industry )NP )PP )VP . )S  STOP
(S (PP At (NP that time )NP )PP , (NP (NP Sam Merksamer )NP , (NP (NP president )NP (PP of (NP the chain )NP )PP )NP , )NP (VP (ADVP *UNKLY )ADVP denied (SBAR that (S (NP his company )NP (VP was (VP about (S (VP to (VP file )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Merksamer )NP (VP is (VP leading (NP the buy-out )NP )VP )VP . )S  STOP
(S (PP According (PP to (NP (NP executives )NP (ADJP close (PP to (NP the situation )NP )PP )ADJP )NP )PP )PP , (NP Merksamer )NP (VP filed (PP for (NP Chapter 11 )NP )PP (S (VP to (VP speed (NP (NP the sale )NP (PP of (NP the chain )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP One executive )NP (VP said (SBAR (S (NP (NP an accord )NP (VP signed (PP by (NP (NP the unsecured creditors )NP (PP of (NP L.J. Hooker Corp. )NP )PP )NP )PP )VP )NP (VP had (VP *UNK (PP in (NP place )NP )PP (NP (NP all )NP (PP of (NP (NP L.J. Hooker 's )NP assets )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The Merksamer bankruptcy-law filing )NP (VP appears (S (VP to (VP *UNK (NP that agreement )NP )VP )VP )S )VP . )S  STOP
(SINV `` (S (PP By (S (VP filing (PP for (NP Chapter 11 )NP )PP )VP )S )PP , (NP the Merksamer chain )NP (VP will (ADVP only )ADVP (VP need (NP (NP approval )NP (PP from (NP a bankruptcy judge )NP )PP (PP for (NP the sale )NP )PP )NP , (PRN not (NP (NP the hundreds )NP (PP of (NP unsecured creditors )NP )PP )NP )PRN )VP )VP )S , '' (VP said )VP (NP this executive )NP . )SINV  STOP
(S `` (S (NP (NP The cash )NP (PP from (NP the sale )NP )PP )NP (VP will (VP go (PP to (NP L.J. Hooker )NP )PP )VP )VP )S , but (S (NP (NP the company )NP (NP itself )NP )NP (VP will (VP *UNK (PP to (NP Sam Merksamer )NP )PP )VP )VP )S . '' )S  STOP
(S (NP (NP Mr. Merksamer )NP and (NP (NP Sanford *UNKC )NP , (NP (NP chief executive )NP (PP of (NP L.J. Hooker )NP )PP )NP , )NP )NP (VP were (ADJP unavailable (PP for (NP comment )NP )PP )ADJP )VP . )S  STOP
(S (PP In (NP a statement )NP )PP , (NP Mr. Merksamer )NP (VP (VP described (NP the filing )NP (PP as (NP a `` legal *UNK )NP )PP )VP , '' but (ADVP also )ADVP (VP said (SBAR that `` (S (NP our *UNK (S (VP to (VP obtain (NP trade credit )NP )VP )VP )S )NP , (S (VP combined (PP with (NP a need (S (VP to (VP ensure (SBAR that (S (NP our stores )NP (VP were (VP (ADVP properly )ADVP *UNKED (PP for (NP the Christmas season )NP )PP )VP )VP )S )SBAR )VP )VP )S )NP )PP )VP )S , (VP *UNKED (S (NP our )NP (VP filing (NP Chapter 11 )NP )VP )S )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP (NP The jewelry chain )NP , (SBAR (WHNP which )WHNP (S (VP is (VP based (PP in (NP (NP Sacramento )NP , (NP Calif. )NP )NP )PP )VP )VP )S )SBAR , )NP (VP had (NP (NP (NP revenue )NP (PP of (NP (QP $ 62 million )QP )NP )PP )NP and (NP (NP operating profit )NP (PP of (NP (QP $ 2.5 million )QP )NP )PP )NP )NP (PP for (NP (NP the year )NP (VP ended (NP June 30 )NP )VP )NP )PP )VP . )S  STOP
(S (PP For (NP (NP all )NP (PP of (NP (NP (NP this year 's )NP *UNK *UNK- )NP (PP in (NP stock prices )NP )PP )NP )PP )NP )PP , (NP (NP Renaissance Investment Management Inc. 's )NP computer )NP (VP sat (PP on (NP the sidelines )NP )PP )VP . )S  STOP
(S (ADVP Now )ADVP (NP it )NP (VP 's (PP on (NP the *UNK )NP )PP )VP . )S  STOP
(S (NP (NP Renaissance )NP , (NP a *UNKED money manager )NP , )NP (VP began (S (VP buying (NP stocks )NP (ADVP again )ADVP (NP this week )NP (PP with (NP (NP half )NP (PP of (NP (NP the (QP $ 1.8 billion )QP )NP (SBAR (WHNP that )WHNP (S (NP it )NP (VP oversees (PP for (NP clients )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP )S , (PP according (PP to (NP (NP people )NP (ADJP familiar (PP with (NP (NP the firm 's )NP revised strategy )NP )PP )ADJP )NP )PP )PP )VP . )S  STOP
(S (NP It )NP (VP was (NP (NP the first time )NP (PP since (NP January )NP )PP (SBAR (WHADVP that )WHADVP (S (NP Renaissance )NP (VP has (VP thought (SBAR (S (NP stocks )NP (VP are (ADJP worth (S (VP owning )VP )S )ADJP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP Renaissance )NP (VP declined (S (VP to (VP confirm (NP the move )NP )VP )VP )S )VP )S , but (S (NP its stock purchases )NP (VP were (VP thought (S (VP to (VP have (VP begun (NP Tuesday )NP )VP )VP )VP )S , (S (VP *UNKED (S (VP to (VP *UNK (PP with (NP (NP the maturity )NP (NP this week )NP (PP of (NP (NP Treasury bills )NP (VP owned (PP by (NP the firm )NP )PP )VP )NP )PP )NP )PP )VP )VP )S )VP )S )VP )VP )S . )S  STOP
(S (NP (NP The other half )NP (PP of (NP its portfolio )NP )PP )NP (VP is (VP expected (S (VP to (VP remain (ADJP invested (PP in (NP Treasury bills )NP )PP )ADJP (PP for (NP (NP the time )NP (VP being )VP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP Wall Street executives )NP (VP said (SBAR (S (NP they )NP (VP believed (SBAR that (S (NP (NP Renaissance 's )NP (ADJP (QP $ 900 million )QP )ADJP buy program )NP (VP was (VP carried (PRT out )PRT (PP by (NP PaineWebber Inc )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (SBAR As (S (VP reported )VP )S )SBAR , (NP PaineWebber )NP (VP bought (NP shares )NP (NP Tuesday )NP (PP as (NP (NP part )NP (PP of (NP a customer strategy shift )NP )PP )NP )PP , (SBAR although (S (NP (NP the broker 's )NP client )NP (VP was (VP said (ADVP then )ADVP (S (VP to (VP have (VP been (NP Japanese )NP )VP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Yesterday )NP , (NP PaineWebber )NP (VP declined (NP comment )NP )VP . )S  STOP
(S (S (SBAR (WHADVP When )WHADVP (S (NP it )NP (VP owns (NP stocks )NP )VP )S )SBAR , (NP (NP Renaissance 's )NP portfolio )NP (ADVP typically )ADVP (VP is (VP *UNKED (PP of (NP (QP about 60 )QP *UNK- issues )NP )PP )VP )VP )S ; (S (S (VP to (VP make (NP buy or sell moves )NP )VP )VP )S , (NP the firm )NP (VP *UNK (NP Wall Street brokerage houses )NP (PP (NP a day (QP or so )QP )NP in (NP advance )NP )PP , (S (VP looking (PP for (NP the best package price )NP )PP (S (VP to (VP carry (PRT out )PRT (NP the trades )NP )VP )VP )S )VP )S )VP )S . )S  STOP
(S (NP (NP The broker )NP (VP winning (NP the business )NP )VP )NP (VP (VP does n't (VP charge (NP commissions )NP )VP )VP , but (VP (ADVP instead )ADVP profits (PP by (S (VP buying or selling (PP for (NP (NP less )NP (PP than (NP the overall package price )NP )PP )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S (NP That )NP (VP puts (NP the broker )NP (PP at (NP risk )NP )PP (SBAR if (S (NP it )NP (VP 's (VP trying (S (VP to (VP buy (NP stock )NP (PP in (NP a rising market )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP Tuesday 's )NP *UNKING session )NP )PP , (NP the Dow Jones Industrial Average )NP (VP (VP fell (PP by (NP 80 points )NP )PP (ADVP early (PP in (NP the day )NP )PP )ADVP )VP , but (VP finished (PP with (NP (NP less )NP (PP than (NP a *UNK- loss )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP (NP Renaissance 's )NP last portfolio shift )NP , (VP carried (PRT out )PRT (PP by (NP Goldman , Sachs & Co. )NP )PP )VP , )NP (VP was (NP (NP a (ADJP highly *UNKED )ADJP decision )NP (NP last January )NP (S (VP to (VP (VP sell (NP its entire stock portfolio )NP )VP and (VP buy (NP Treasury bills )NP )VP )VP )VP )S )NP )VP . )S  STOP
(S (NP (NP The sell signal )NP , (SBAR (WHNP which )WHNP (S (VP sent (NP a bearish *UNK )NP (PP through (NP the stock market )NP )PP )VP )S )SBAR , )NP (VP came (SBAR (WHADVP when )WHADVP (S (NP (NP Renaissance 's )NP computer )NP (VP found (SBAR that (S (NP stocks )NP (VP were (VP *UNKED (PP compared (PP with (NP (NP bonds )NP and (NP Treasury bills )NP )NP )PP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP At (NP the time )NP )PP , (NP the Dow Jones Industrial Average )NP (VP stood (PP at (NP (QP about *UNKN )QP )NP )PP )VP . )S  STOP
(S (NP The Dow average )NP (ADVP now )ADVP (VP stands (ADVP (NP (QP more than 20 )QP % )NP higher )ADVP , (SBAR while (S (NP (NP (NP Renaissance 's )NP portfolio )NP (PP of (NP Treasurys )NP )PP )NP (VP produced (NP (NP a return )NP (PP of (NP (QP about 6 )QP % )NP )PP )NP (PP through (NP (NP the first three quarters )NP (PP of (NP the year )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The computer 's )NP *UNK )NP (VP has (VP been (ADJP painful )ADJP (PP for (NP Renaissance )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC any money manager )NP (VP holding (NP stocks )NP )VP )NP (VP has (VP turned (PRT in )PRT (NP better results )NP , (SBAR while (S (NP Renaissance )NP (VP has (VP played (NP it )NP (ADVP safe )ADVP (PP with (NP Treasury bills )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(SBARQ So (WHADVP why )WHADVP (SQ does (NP (NP Renaissance 's )NP computer )NP (VP like (NP (NP stocks )NP (PP with (NP (NP the Dow )NP (PP at (NP (NP *UNKN )NP , (SBAR (WHADVP where )WHADVP (S (NP it )NP (VP closed (NP yesterday )NP )VP )S )SBAR )NP )PP )NP )PP )NP , (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP did n't (VP (PP with (NP (NP the Dow )NP (PP at (NP *UNKN )NP )PP )NP )PP )VP )VP )S )SBAR )VP )SQ ? )SBARQ  STOP
(S `` (S (PP With (NP (NP (NP the decline )NP (PP in (NP stock prices )NP )PP )NP and (NP continued (ADJP low or stable )ADJP interest rates )NP )NP )PP , (NP stocks )NP (VP are (VP representing (NP a better value )NP (NP all the time )NP )VP )VP )S , '' (NP Renaissance President Frank W. *UNKC )NP (VP said (NP yesterday )NP )VP . )S  STOP
(S (NP *UNKC *UNKC yields )NP (VP have (VP fallen (PP to (NP *UNKN % )NP )PP (PP from (NP (QP about 9 )QP % )NP (PP at (NP (NP the start )NP (PP of (NP the year )NP )PP )NP )PP )PP )VP )VP . )S  STOP
(S (NP Stock prices )NP , (ADVP meanwhile )ADVP , (VP are (ADVP (ADVP (NP (QP about 140 )QP points )NP lower )ADVP (PP than (NP (NP the peak )NP (PP of (NP *UNKN )NP )PP (VP reached (PP on (NP the Dow industrial average )NP )PP (NP Oct. 9 )NP )VP )NP )PP )ADVP )VP . )S  STOP
(SQ Are (NP those declines )NP (ADJP enough (S (VP to (VP signal (NP (NP a partial return )NP (PP to (NP stocks )NP )PP )NP )VP )VP )S )ADJP ? )SQ  STOP
(S (NP Mr. *UNKC )NP (VP wo n't (VP say (ADVP specifically )ADVP , (S (VP explaining (SBAR that (S (SBAR if (S (NP there )NP (VP was (NP such a move )NP )VP )S )SBAR , (NP it )NP (VP would (VP take (NP (QP about three )QP days )NP (S (VP to (VP complete (NP (NP the loose ends )NP (PP of (NP the transaction )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(S (PP During (NP that time )NP )PP , (NP (NP a buyer )NP (PP with (NP (NP the clout )NP (PP of (NP a Renaissance )NP )PP )NP )PP )NP (VP could (VP end (PRT up )PRT (S (VP driving (PRT up )PRT (NP (NP the price )NP (PP of (NP (NP stocks )NP (SBAR (S (NP it )NP (VP was (VP trying (S (VP to (VP buy )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP (SBAR if (S (NP it )NP (VP *UNKED (NP its hand )NP )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(S (S But (NP everything )NP (VP is (ADJP relative )ADJP (PP to (NP Mr. *UNKC )NP )PP )VP )S , (ADVP so )ADVP (S (NP stocks )NP (PP in (NP his view )NP )PP (VP can (VP become (ADJP more attractive )ADJP (PP in (NP (NP comparison )NP (PP with (NP bonds or *UNKC )NP )PP )NP )PP , (SBAR even if (S (NP shares )NP (VP are (ADJP (ADJP more expensive )ADJP (PP than (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP were (VP sold (PP in (NP January )NP )PP )VP )VP )S )SBAR )PP )ADJP )VP )S )SBAR )VP )VP )S . )S  STOP
(S `` (S (NP Our -LCB- computer -RCB- model )NP (VP has (NP a certain trigger point )NP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP the computer )NP (VP says (S (VP switch )VP )S )VP )S )SBAR , (NP Renaissance )NP (VP *UNK )VP . )S  STOP
(S (NP The firm )NP (VP has (VP made (NP (NP 17 previous *UNK )NP (PP from (NP (NP one type )NP (PP of (NP asset )NP )PP )NP )PP (PP to (NP another )NP )PP )NP (PP in (NP its 10-year history )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC all )NP (VP have (VP involved (NP (QP at least half )QP and often (NP the firm 's )NP entire portfolio )NP , (SBAR as (S (NP the computer )NP (VP *UNK (PP for (NP the (ADJP most *UNKED )ADJP investment category )NP )PP , (S (VP following (NP (NP a *UNK- style )NP (VP called (S (NP *UNK asset *UNK )NP )S )VP )NP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP *UNKING *UNK- firms )NP (VP *UNK (PP to (NP their own computer models )NP )PP )VP )S , (ADVP so )ADVP (S (NP some )NP (VP have (VP been (ADJP (ADVP partly or fully )ADVP invested (PP in (NP stocks )NP )PP )ADJP (NP this year )NP (SBAR while (S (NP Renaissance )NP (VP has (VP sat (PP on (NP the sidelines )NP )PP )VP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (PP As (NP a result )NP )PP , (NP competitors )NP (VP say (SBAR (S (NP Renaissance )NP (VP has (VP been (VP looking (PP for (NP any opportunity (S (VP to (VP (VP return (PP to (NP the stock market )NP )PP )VP , (CONJP rather than )CONJP (VP risk (S (VP losing (NP business )NP (PP by (S (VP continuing (S (VP to (VP remain (ADJP fully invested (PP in (NP Treasury bills )NP )PP )ADJP )VP )VP )S )VP )S )PP )VP )S )VP )VP )VP )S )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Mr. *UNKC )NP (VP *UNK (SBAR (S (NP (NP some clients )NP )NP (VP have (VP left (NP Renaissance )NP , (PP but (NP no major ones )NP )PP , )VP )VP )S )SBAR )VP )S and (S (NP the firm )NP (VP has (VP added (NP new accounts )NP )VP )VP )S . )S  STOP
(S (S (NP (NP David Evans )NP , (SBAR (WHNP who )WHNP (S (NP last week )NP (VP resigned (PP as (NP (NP (NP president )NP and (NP chief executive )NP )NP (PP of (NP Qintex Entertainment Inc. )NP )PP )NP )PP `` (PP for (NP personal reasons )NP )PP '' (SBAR just as (S (NP the company )NP (VP filed (PP for (NP bankruptcy-law protection )NP )PP )VP )S )SBAR )VP )S )SBAR , )NP (VP has (VP been (ADVP temporarily )ADVP (VP *UNKED (PP to (NP both positions )NP )PP )VP )VP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP Qintex Entertainment )NP (ADVP also )ADVP (VP said (SBAR (S (NP (NP Chief Financial *UNKC and *UNKC Jonathan Lloyd )NP , (ADJP (NP 37 years )NP old )ADJP , )NP (VP would (VP join (NP the *UNK- board )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP succeeds (NP (NP Roger *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP resigned (NP last week )NP (S (VP saying (SBAR (S (NP (NP his participation )NP (PP in (S (VP *UNKING (NP (NP (NP the company 's )NP role )NP (PP in (S (VP buying (NP MGM\/UA Communications Co. )NP )VP )S )PP )NP )VP )S )PP )NP (VP was (ADVP no longer )ADVP (ADJP necessary )ADJP )VP )S )SBAR )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP Mr. Evans )NP (VP will (VP stay (UCP (SBAR until (S (NP a successor )NP (VP is (VP found )VP )VP )S )SBAR , but (ADVP (ADVP not later )ADVP (PP than (NP (NP the end )NP (PP of (NP the year )NP )PP )NP )PP )ADVP )UCP )VP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP It )NP (VP was (NP the *UNK- Mr. Evans )NP (SBAR (WHNP who )WHNP (S (VP had (VP (VP moved (PP into (NP (NP the offices )NP (PP of (NP MGM\/UA )NP )PP )NP )PP )VP and (VP run (NP the company )NP (PP during (NP (NP (NP Qintex Australia Ltd. 's )NP *UNKED bid )NP (PP for (NP the movie company )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR After (S (NP MGM\/UA )NP (VP terminated (NP the (ADJP (QP $ 1.5 billion )QP )ADJP merger )NP (PP because of (NP (NP a dispute )NP (PP over (NP (NP a (ADJP (QP $ 50 million )QP )ADJP letter )NP (PP of (NP credit )NP )PP )NP )PP )NP )PP )VP )S )SBAR , (NP (NP Qintex Entertainment )NP (PRN -- (SBAR (WHNP which )WHNP (S (VP is (ADJP *UNKED (PP by (NP Qintex Australia )NP )PP )ADJP )VP )S )SBAR -- )PRN )NP (VP found (S (NP itself )NP (VP facing (NP (NP problems )NP (PP of (NP its own )NP )PP )NP )VP )S )VP . )S  STOP
(S And (NP (NP the relationship )NP (PP between (NP (NP Qintex Entertainment )NP and (NP the Australian company )NP )NP )PP )NP (VP appears (S (VP to (VP be (VP (ADVP quickly )ADVP *UNKING )VP )VP )VP )S )VP . )S  STOP
(S (PP On (NP Oct. 19 )NP )PP , (NP Qintex Entertainment )NP (VP was (VP about (S (VP to (VP default (PP on (NP (NP a (ADJP (QP $ 5.9 million )QP )ADJP payment )NP (VP owed (PP to (NP MCA Inc. )NP )PP (PP in (NP (NP connection )NP (PP with (NP (NP the distribution )NP (PP of (NP a television program )NP )PP )NP )PP )NP )PP )VP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP Qintex Entertainment )NP (VP was (VP depending (PP on (NP Qintex Australia )NP )PP (S (VP to (VP *UNK (NP financing )NP )VP )VP )S )VP )VP . )S  STOP
(S But (ADVP early )ADVP (PP on (NP (NP Oct. 19 )NP , (NP (NP the second )NP (PP of (NP (NP two *UNK days )NP (PP of (NP board meetings )NP )PP )NP )PP )NP , )NP )PP (NP Mr. Evans )NP (VP said (SBAR (S (NP he )NP (VP believed (SBAR (S (NP Qintex Australia )NP (VP would n't (VP be (ADJP *UNKING )ADJP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP recommended (SBAR that (S (NP the company )NP (VP file (PP for (NP (NP protection )NP (PP under (NP (NP Chapter 11 )NP (PP of (NP the U.S. Bankruptcy Code )NP )PP )NP )PP )NP )PP (PP before (NP the MCA deadline )NP )PP )VP )S )SBAR , (PP according (PP to (NP (NP a source )NP (ADJP familiar (PP with (NP the sessions )NP )PP )ADJP )NP )PP )PP )VP . )S  STOP
(S But (NP (NP a majority )NP (PP of (NP (NP the board )NP , (SBAR (WHNP which )WHNP (S (VP includes (NP (NP three members )NP (PP from (NP the Australian company )NP )PP )NP )VP )S )SBAR , )NP )PP )NP (VP *UNK (NP him )NP )VP . )S  STOP
(S (NP Mr. Evans )NP (VP resigned )VP . )S  STOP
(S (ADVP Later (PP in (NP the day )NP )PP )ADVP , (PP according (PP to (NP the source )NP )PP )PP , (NP the board )NP (VP (VP reversed (NP itself )NP )VP , (VP decided (S (VP to (VP file (PP for (NP bankruptcy protection )NP )PP )VP )VP )S )VP , and (VP asked (NP Mr. Evans )NP (S (VP to (VP stay (PRT on )PRT )VP )VP )S )VP )VP . )S  STOP
(S (NP Mr. Evans )NP (VP told (NP the board )NP (SBAR (S (NP he )NP (VP needed (NP the weekend )NP (S (VP to (VP think (PP about (NP it )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Evans )NP (VP could n't (VP be (VP reached (NP yesterday )NP (PP for (NP comment )NP )PP )VP )VP )VP . )S  STOP
(S (NP Last Monday )NP , (NP Qintex Australia )NP (VP (VP announced (NP a restructuring plan )NP )VP and (VP said (SBAR (S (NP it )NP (VP would (VP sell (PRT off )PRT (NP assets )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Last week )NP (NP the company )NP (VP indicated (SBAR (S (NP it )NP (VP would (VP cut (ADVP back )ADVP (PP on (NP (NP the working capital )NP (SBAR (S (NP it )NP (VP would (VP supply (PP to (NP Qintex Entertainment )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP a Qintex Entertainment shareholder )NP (VP filed (NP suit )NP (PP in (NP (NP federal court )NP (PP in (NP Los Angeles )NP )PP )NP )PP (S (VP charging (NP Qintex Australia )NP (PP with (S (VP misleading (NP shareholders )NP (PP about (NP (NP Qintex Entertainment 's )NP financial position )NP )PP )VP )S )PP )VP )S )VP . )S  STOP
(S (NP Qintex Australia )NP (VP said (SBAR (S (NP it )NP (VP (VP had n't (VP seen (NP the suit )NP )VP )VP and (VP could n't (VP comment )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The Sept. 25 `` *UNKING Travel '' column )NP (VP advises (NP readers )NP (S (VP to `` (VP *UNKC (PP With (NP *UNKC )NP )PP (SBAR (WHADVP When )WHADVP (S (VP *UNKING (ADVP *UNKC )ADVP )VP )S )SBAR )VP '' )VP )S (SBAR because (S (NP credit-card companies )NP (VP charge (NP 1 % )NP (S (VP to (VP convert (NP *UNK- expenditures )NP (PP into (NP dollars )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP fact )NP )PP , (NP this )NP (VP is (NP (NP the best bargain )NP (ADJP available (PP to (NP (NP someone )NP (VP *UNKING (ADVP abroad )ADVP )VP )NP )PP )ADJP )NP )VP . )S  STOP
(S (PP In (NP (NP contrast )NP (PP to (NP (NP the (ADJP 1 % )ADJP conversion fee )NP (VP charged (PP by (NP *UNKC )NP )PP )VP )NP )PP )NP )PP , (NP *UNK- dealers )NP (ADVP routinely )ADVP (VP charge (NP (QP 7 % or more )QP )NP (S (VP to (VP convert (NP U.S. dollars )NP (PP into (NP foreign currency )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP On (NP (NP top )NP (PP of (NP this )NP )PP )NP )PP , (NP (NP the *UNK )NP (SBAR (WHNP who )WHNP (S (VP *UNK (NP his dollars )NP (PP into (NP foreign currency )NP )PP (SBAR before (S (NP the trip )NP (VP starts )VP )S )SBAR )VP )S )SBAR )NP (VP will (VP lose (NP interest )NP (PP from (NP (NP the day )NP (PP of (NP conversion )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP At (NP (NP the end )NP (PP of (NP the trip )NP )PP )NP )PP , (NP any *UNK foreign exchange )NP (VP will (VP have (S (VP to (VP be (VP converted (ADVP back (PP into (NP dollars )NP )PP )ADVP , (PP with (NP (NP another commission )NP (ADJP due )ADJP )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP The card holder )NP (VP will (VP pay (NP the modest (ADJP 1 % )ADJP fee )NP (PP only on (NP (NP the amounts )NP (VP (ADVP actually )ADVP needed )VP )NP )PP )VP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP he )NP (VP (VP will (VP be (VP *UNKED (PP (NP (QP only several )QP weeks )NP after (NP the *UNK )NP )PP )VP )VP )VP , and (VP (ADVP then )ADVP has (NP (NP another couple )NP (PP of (NP weeks )NP )PP )NP (SBAR before (S (NP he )NP (VP has (S (VP to (VP pay (NP the bill )NP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP the meantime )NP )PP , (NP the money )NP (VP can (VP continue (S (VP to (VP earn (NP (NP interest )NP )NP (PP for (NP the card holder )NP )PP (PRN -- (ADVP often )ADVP (NP (NP (QP more than 1 )QP % )NP (PP during (NP (NP that `` float '' period )NP (ADVP alone )ADVP )NP )PP )NP )PRN )VP )VP )S )VP )VP . )S  STOP
(NP Daniel *UNKC )NP  STOP
(NP *UNKC *UNKC Inc . )NP  STOP
(S (NP MGM Grand Inc. )NP (VP has (VP agreed (S (VP to (VP pay (NP (NP (QP $ 93 million )QP )NP and (NP (QP nearly 1.8 million )QP common shares )NP )NP (S (VP to (VP buy (NP (NP *UNKN acres )NP (PP of (NP (NP land )NP (PP along (NP the (NAC Las Vegas , *UNKC , )NAC *UNKC )NP )PP )NP )PP )NP (PP as (NP (NP a site )NP (PP for (NP its planned (ADJP *UNK- and *UNK- )ADJP resort )NP )PP )NP )PP )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (PP Of (NP the total purchase price )NP )PP , (NP (NP (NP (ADJP (QP $ 50 million )QP )ADJP cash )NP and (NP (NP (NP (QP $ 30 million )QP )NP (PP in (NP stock )NP )PP )NP (PRN -LRB- (NP (QP nearly 1.8 million )QP shares )NP -RRB- )PRN )NP )NP )NP (VP would (VP be (VP paid (S (VP to (VP buy (NP the existing *UNK- Marina Hotel & *UNKC )NP (PP from (NP (NP Southwest Securities )NP , (NP a Nevada limited partnership )NP )NP )PP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP (NP The remaining properties )NP (SBAR (S (VP to (VP be (VP acquired )VP )VP )VP )S )SBAR )NP (VP are (NP (NP (NP the *UNKC *UNKC Club & *UNKC *UNKC )NP , (NP (NP a facility )NP (VP (ADVP jointly )ADVP owned (PP by (NP (NP (NP Ramada Inc. )NP , (PP of (NP (NP Phoenix )NP , (NP Ariz. )NP )NP )PP , )NP and (NP the *UNKC family )NP )NP )PP )VP )NP )NP , and (NP (NP a small *UNK )NP (VP owned (PP by (NP MGM Grand director James D. *UNKC )NP )PP )VP )NP )NP )VP . )S  STOP
(S (NP The purchase price )NP (VP was (VP disclosed (PP in (NP (NP a preliminary prospectus )NP (VP issued (PP in (NP (NP connection )NP (PP with (NP (NP (NP MGM Grand 's )NP planned offering )NP (PP of (NP (QP six million )QP common shares )NP )PP )NP )PP )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The luxury airline and casino company )NP , (ADJP *UNKED (PP by (NP (NP investor *UNKC *UNKC )NP and (NP his *UNKC Corp. )NP )NP )PP )ADJP , )NP (NP earlier this month )NP (VP (VP announced (NP its agreements (S (VP to (VP acquire (NP the properties )NP )VP )VP )S )NP )VP , but (VP did n't (VP disclose (NP the purchase price )NP )VP )VP )VP . )S  STOP
(S (NP (NP The proposed (NX (NX stock offering )NX and (NX (NX issuance )NX (PP of (NP (QP nearly 1.8 million )QP common shares )NP )PP )NX )NX )NP (PP in (NP (NP connection )NP (PP with (NP the land purchase )NP )PP )NP )PP )NP (VP will (VP bring (NP (NP (NP MGM Grand 's )NP total shares )NP (ADJP outstanding )ADJP )NP (PP to (NP (NP *UNKN million )NP , (SBAR (WHPP of (WHNP which )WHNP )WHPP (S (NP (NP 72 % )NP )NP (VP will (VP be (VP owned (PP by (NP (NP Mr. *UNKC )NP and (NP *UNKC )NP )NP )PP )VP )VP )VP )S )SBAR , )NP )PP (PP according (PP to (NP the prospectus )NP )PP )PP )VP )VP . )S  STOP
(S (PP In (NP over-the-counter trading )NP )PP , (NP MGM Grand )NP (VP was (VP bid (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Proceeds )NP (PP from (NP the offering )NP )PP )NP (VP are (VP expected (S (VP to (VP be (VP used (UCP (PP for (S (VP (VP *UNKING (NP (NP (NP the company 's )NP *UNKC *UNKC resort )NP (PP in (NP Las Vegas )NP )PP )NP )VP , (VP *UNKING (NP (NP certain aircraft )NP (PP of (NP the MGM Grand Air unit )NP )PP )NP )VP )VP )S )PP , and (S (VP to (VP acquire (NP (NP the property )NP (PP for (NP the new resort )NP )PP )NP )VP )VP )S )UCP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP it )NP (VP estimates (SBAR (SBAR (S (NP the *UNKC *UNKC *UNKING )NP (VP will (VP cost (NP (QP about $ 32 million )QP )NP )VP )VP )S )SBAR , and (SBAR (S (NP (NP the *UNK )NP (PP of (NP (NP the three *UNKC aircraft )NP , (VP made (PP by (NP McDonnell Douglas Corp. )NP )PP )VP , )NP )PP )NP (VP will (VP cost (NP (QP around $ *UNKN million )QP )NP )VP )VP )S )SBAR )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP MGM Grand )NP (VP (VP said (SBAR (S (NP the latest stock offering )NP (VP wo n't (VP cover (NP (NP the (ADJP (QP $ 600 million or more )QP )ADJP cost )NP (PP of (S (VP building (NP the proposed resort and theme park )NP )VP )S )PP )NP )VP )VP )S )SBAR )VP , and (VP added (SBAR (S (NP it )NP (VP will (VP need (S (VP to (VP seek (NP additional financing )NP , (PP either through (NP (NP bank borrowings )NP or (NP debt and equity offerings )NP )NP )PP , (PP at (NP a later date )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Construction )NP (VP is (VP set (S (VP to (VP begin (PP in (NP early 1991 )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP The resort )NP (VP will (VP include (NP (NP the MGM Grand Hotel )NP , (NP (NP a *UNKED , *UNK- facility )NP (SBAR (WHNP that )WHNP (S (VP will (VP include (NP (NP 5,000 rooms )NP and (NP (NP *UNKN square feet )NP (PP of (NP casino space )NP )PP )NP )NP )VP )VP )S )SBAR )NP )NP )VP )VP . )S  STOP
(S (S (S (NP The facility )NP (VP will (VP be (VP *UNKED (PP toward (NP families )NP )PP )VP )VP )VP )S , and (S (NP room rates )NP (VP will (VP be (NP (NP (QP between $ 35 and $ 55 )QP )NP (NP a night )NP )NP )VP )VP )S )S , (NP MGM Grand )NP (VP said )VP . )S  STOP
(S (NP The prospectus )NP (VP did n't (VP include (NP (NP many details )NP (PP about (NP the studio and theme park )NP )PP )NP , (SBAR although (S (NP (NP *UNK *UNK )NP , (VP released (NP this month )NP )VP , )NP (VP show (SBAR that (S (NP it )NP (VP may (VP feature (NP (NP several `` *UNKED '' areas )NP (ADJP similar (PP to (NP (NP those )NP (VP found (PP at (NP (NP *UNK )NP (VP built (PP by (NP *UNKC Disney Co )NP )PP )VP )NP )PP )VP )NP )PP )ADJP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Investors )NP (VP *UNKED (NP (NP (QP $ 2.8 billion )QP )NP (ADJP more )ADJP )NP (PP into (NP money-market mutual funds )NP )PP (PP in (NP the latest week )NP )PP (PP despite (NP (NP further declines )NP (PP in (NP yields )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP of (NP (NP the 400 taxable funds )NP (VP *UNKED (PP by (NP (NP *UNKC 's )NP Money Fund Report )NP )PP )VP )NP )PP )NP (VP jumped (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP in (NP (NP the week )NP (VP ended (NP Tuesday )NP )VP )NP )PP )VP )S , (NP the (ADJP *UNKC , *UNKED )ADJP newsletter )NP (VP said )VP . )S  STOP
(S (NP *UNKC )NP (VP soared (NP (QP $ 4.5 billion )QP )NP (PP in (NP the previous week )NP )PP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP the average yield )NP (PP on (NP taxable funds )NP )PP )NP (VP (VP dropped (NP (NP nearly a *UNK )NP (PP of (NP a percentage point )NP )PP )NP )VP , (NP (NP the largest drop )NP (PP since (NP *UNK )NP )PP )NP )VP . )S  STOP
(S (NP (NP The average seven-day compound yield )NP , (SBAR (WHNP which )WHNP (S (VP assumes (SBAR (SBAR that (S (NP dividends )NP (VP are (VP *UNKED )VP )VP )S )SBAR and (SBAR that (S (NP current rates )NP (VP continue (PP for (NP a year )NP )PP )VP )S )SBAR )SBAR )VP )S )SBAR , )NP (VP fell (PP to (NP (NP *UNKN % )NP , (NP (NP its lowest )NP (PP since (NP late last year )NP )PP )NP , )NP )PP (PP from (NP 8.55 % )NP (NP (NP the week )NP (ADVP before )ADVP )NP )PP , (PP according (PP to (NP *UNKC 's )NP )PP )PP )VP . )S  STOP
(SINV `` (S (NP *UNKC yields )NP (VP are (ADVP just )ADVP (VP reflecting (NP lower short-term interest rates )NP )VP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC *UNKC )NP , (NP (NP editor )NP (PP of (NP Money Fund Report )NP )PP )NP )NP . )SINV  STOP
(S (NP Money funds )NP (VP invest (PP in (NP (NP such things )NP (PP as (NP (NP (NP short-term Treasury securities )NP , (NP commercial paper )NP and (NP (NP certificates )NP (PP of (NP deposit )NP )PP )NP )NP , (SBAR (WHNP (WHNP all )WHNP (WHPP of (WHNP which )WHNP )WHPP )WHNP (S (VP have (VP been (VP posting (NP lower interest rates )NP (PP since (NP last spring )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP Individual investors )NP (VP can (ADVP still )ADVP (VP get (NP (NP better yields )NP (PP on (NP money funds )NP )PP (PP than (PP on (NP many other short-term instruments )NP )PP )PP )NP )VP )VP . )S  STOP
(S (NP (NP The yield )NP (PP on (NP (NP six-month Treasury bills )NP (VP sold (PP at (NP (NP Monday 's )NP auction )NP )PP )VP )NP )PP )NP , (PP for (NP example )NP )PP , (VP was (NP (QP just *UNKN )QP % )NP )VP . )S  STOP
(S (NP (NP The average yield )NP (PP on (NP (NP six-month CDs )NP (PP of (NP (QP $ 50,000 or less )QP )NP )PP )NP )PP (PP at (NP major banks )NP )PP )NP (VP was (NP 7.96 % )NP (PP in (NP (NP the week )NP (VP ended (NP Tuesday )NP )VP )NP )PP , (PP according (PP to (NP (NP Banxquote Money Markets )NP , (NP a New York information service )NP )NP )PP )PP )VP . )S  STOP
(S (NP (NP One way )NP (SBAR (WHADVP that )WHADVP (S (NP money fund managers )NP (VP boost (NP yields )NP (PP in (NP a declining rate environment )NP )PP )VP )S )SBAR )NP (VP is (PP by (S (VP extending (NP (NP the maturities )NP (PP of (NP their investments )NP )PP )NP , (SBAR so (S (NP they )NP (VP can (VP earn (NP the current higher rates )NP (PP for (NP a longer period )NP )PP )VP )VP )S )SBAR )VP )S )PP )VP . )S  STOP
(S (NP (NP The average maturity )NP (PP of (NP (NP the taxable funds )NP (SBAR (WHNP that )WHNP (S (NP *UNKC 's )NP (VP follows )VP )S )SBAR )NP )PP )NP (VP increased (PP by (NP two days )NP )PP (PP in (NP the latest week )NP )PP (PP to (NP (NP 40 days )NP , (NP (NP its *UNK )NP (PP since (NP August )NP )PP )NP )NP )PP )VP . )S  STOP
(SINV `` (S (S (NP They )NP (VP 're (VP *UNKING (NP (NP further declines )NP (PP in (NP rates )NP )PP )NP )VP )VP )S and (S (NP they )NP (VP 're (VP going (S (VP to (VP get (NP them )NP , (ADVP slowly )ADVP )VP )VP )S )VP )VP )S )S , '' (VP said )VP (NP (NP Walter Frank )NP , (NP (NP chief economist )NP (PP for (NP (NP the *UNKC Organization )NP , (NP (NP publisher )NP (PP of (NP Money Fund Report )NP )PP )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP Average maturity )NP (VP was (ADJP (ADJP as short )ADJP (PP as (NP 29 days )NP )PP )ADJP (PP at (NP (NP the start )NP (PP of (NP (NP this year )NP , (SBAR (WHADVP when )WHADVP (S (NP short-term interest rates )NP (VP were (VP moving (ADVP steadily )ADVP (ADVP upward )ADVP )VP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The average seven-day compound yield )NP (PP of (NP the funds )NP )PP )NP (VP reached (NP *UNKN % )NP (PP in (NP late April )NP )PP )VP . )S  STOP
(S (NP The *UNKING funds )NP (VP are (ADVP still )ADVP (PP above (NP 9 % )NP )PP )VP . )S  STOP
(S (NP (NP The *UNKING fund )NP (PP in (NP the latest week )NP )PP )NP (VP was (NP *UNKC *UNKC Dollar )NP , (PP with (NP (NP a seven-day compound yield )NP (PP of (NP *UNKN % )NP )PP )NP )PP )VP . )S  STOP
(S (NP The fund )NP (VP *UNK (ADVP heavily )ADVP (PP in (NP (NP *UNKED money-market securities )NP (ADVP overseas )ADVP )NP )PP )VP . )S  STOP
(S (NP It )NP (VP is (ADVP currently )ADVP (VP (VP *UNKING (NP management fees )NP )VP , (SBAR (WHNP which )WHNP (S (VP *UNK (PP to (NP the higher yield )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP (NP The average seven-day simple yield )NP (PP of (NP the 400 funds )NP )PP )NP (VP fell (PP to (NP *UNKN % )NP )PP (PP from (NP *UNKN % )NP )PP )VP )S , (NP *UNKC 's )NP (VP reported )VP . )S  STOP
(S (S (NP The average 30-day simple yield )NP (VP slid (PP to (NP *UNKN % )NP )PP (PP from (NP *UNKN % )NP )PP )VP )S , and (S (NP the average 30-day compound yield )NP (VP fell (PP to (NP *UNKN % )NP )PP (PP from (NP *UNKN % )NP )PP )VP )S . )S  STOP
(S (S (NP Many small investors )NP (VP are (VP facing (NP a double *UNK )NP (NP this year )NP )VP )VP )S : (S (S (NP They )NP (VP got (VP hurt (PP by (S (VP investing (PP in (NP the (ADJP highly risky )ADJP junk bond market )NP )PP )VP )S )PP )VP )VP )S , and (S (NP the pain )NP (VP is (ADJP worse )ADJP (SBAR because (S (NP they )NP (VP did (NP it )NP (PP with (NP borrowed money )NP )PP )VP )S )SBAR )VP )S )S . )S  STOP
(S (NP These people )NP (VP invested (PP in (NP (NP `` leveraged '' junk bond mutual funds )NP , (NP (NP the publicly traded funds )NP (SBAR (WHNP that )WHNP (S (VP make (NP (NP a *UNK )NP (PP of (S (VP taking (PRT out )PRT (NP loans )NP (S (VP to (VP buy (NP extra junk )NP )VP )VP )S )VP )S )PP )NP )VP )S )SBAR )NP )NP )PP )VP . )S  STOP
(S (NP It )NP (VP 's (NP a good strategy )NP (PP in (NP (NP a rising market )NP , (SBAR (WHADVP where )WHADVP (S (NP a (ADJP 25 % )ADJP leveraged portfolio )NP (PP in (NP effect )NP )PP (VP allows (S (NP investors )NP (VP to (VP have (S (NP (NP 125 % )NP (PP of (NP their money )NP )PP )NP (VP working (PP for (NP them )NP )PP )VP )S )VP )VP )S )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The strategy )NP (VP boosts (NP current yield )NP (PP by (S (VP putting (NP more bonds )NP (PP into (NP the portfolio )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP is , (SBAR (S (NP junk bond prices )NP (VP have (VP been (ADJP weak )ADJP (PP for (NP months )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Thus )ADVP , (NP the leverage )NP (VP has (VP *UNKED (NP (NP the funds ' )NP portfolio losses )NP )VP )VP . )S  STOP
(S And (NP (NP shares )NP (PP of (NP leveraged junk funds )NP )PP )NP (NP this year )NP (VP have (VP been (VP *UNKED (ADVP (ADVP even harder )ADVP (PP than (NP (NP the junk bonds )NP (SBAR (S (NP they )NP (VP hold )VP )S )SBAR )NP )PP )ADVP )VP )VP )VP . )S  STOP
(SINV `` (S (NP That )NP (VP 's (ADVP really )ADVP (SBAR (WHADVP where )WHADVP (S (NP the leverage )NP (VP hurt )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP (NP Thomas *UNKC )NP )NP , (NP (NP a *UNKED investment manager )NP (SBAR (WHNP who )WHNP (S (VP specializes (PP in (NP *UNK- funds )NP )PP )VP )S )SBAR )NP )NP . )SINV  STOP
(S (S `` (NP *UNKC prices )NP (VP performed (ADVP (ADVP even worse )ADVP (PP than (NP (NP the funds ' )NP asset values )NP )PP )ADVP (SBAR because (S (NP fear )NP (VP has (VP taken (NP hold )NP '' (PP in (NP the junk market )NP )PP )VP )VP )S )SBAR )VP )S , (NP he )NP (VP says )VP . )S  STOP
(S (NP *UNKC )NP (VP is (ADVP never )ADVP (NP a problem )NP (PP for (NP (NP the traditional `` open end '' mutual funds )NP , (SBAR (WHNP which )WHNP (S (VP (VP are n't (ADVP publicly )ADVP (VP traded )VP )VP and (VP are n't (VP allowed (S (VP to (VP use (NP leverage )NP (ADVP at all )ADVP )VP )VP )S )VP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (VP used (ADVP only )ADVP (PP by (NP (NP some )NP (PP of (NP the *UNK- funds )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The usual *UNK )NP (VP is (S (VP to (VP (VP borrow (PP against (NP the portfolio value )NP )PP )VP or (VP issue (NP preferred stock )NP )VP , (S (VP using (NP the proceeds )NP (S (VP to (VP buy (NP additional bonds )NP )VP )VP )S )VP )S )VP )VP )S )VP . )S  STOP
(S (NP (NP The *UNK )NP (PP for (NP investors )NP )PP )NP (ADVP lately )ADVP (VP has (VP been (ADJP painful )ADJP )VP )VP . )S  STOP
(S (VP Consider (NP the New America High Income Fund )NP )VP . )S  STOP
(S (PP With (NP (NP a leveraged position )NP (PP of (NP (QP about 45 )QP % )NP )PP )NP )PP , (NP (NP the fund 's )NP share price )NP (VP has (VP plunged (NP *UNKN % )NP (ADVP so far )ADVP (NP this year )NP )VP )VP . )S  STOP
(S (NP That )NP (VP 's (ADJP (ADJP worse )ADJP (PP than (NP (NP the price drop )NP (VP sustained (PP by (NP (NP the bonds )NP (PP in (NP its portfolio )NP )PP , (SBAR (WHNP (WHNP whose total return )WHNP (PRN -LRB- (NP (NP *UNK- changes )NP plus (NP interest )NP )NP -RRB- )PRN )WHNP (S (VP has (VP amounted (PP to (NP a negative *UNKN % )NP )PP )VP )VP )S )SBAR )NP )PP )VP )NP )PP )ADJP )VP . )S  STOP
(S (NP Such problems )NP (VP may not (VP be (ADVP over )ADVP )VP )VP . )S  STOP
(SINV (S (NP (NP *UNKED funds )NP (PP in (ADJP particular )ADJP )PP )NP `` (VP are (ADVP still )ADVP (ADJP extremely vulnerable )ADJP , (SBAR because (S (NP we )NP (VP 're (ADVP still )ADVP (PP at (NP (NP the beginning )NP (PP of (NP (NP problems )NP (PP in (NP the junk market )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP , '' )S (VP says )VP (NP (NP George *UNKC )NP , (NP (NP a managing partner )NP (PP at (NP (NP *UNKC Management Associates )NP (PP in (NP (NP *UNKC )NP , (NP Mass )NP )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP Many investors )NP (VP are (ADJP *UNK (SBAR (S (NP their funds )NP (VP have (VP borrowed (S (VP to (VP speculate (PP in (NP such a risky market )NP )PP )VP )VP )S )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S `` (SBAR If (S (NP someone )NP (ADVP actually )ADVP (VP (VP sat (PRT down )PRT )VP and (VP thought (PP about (SBAR (WHNP what )WHNP (S (NP they )NP (VP were (VP being (VP sold )VP )VP )VP )S )SBAR )PP )VP )VP )S )SBAR , '' (PRN (SINV (VP says )VP (NP (NP Gerald *UNKC )NP , (NP (NP editor )NP (PP of (NP (NP the Mutual Fund *UNKC )NP (PP in (NP Chicago )NP )PP )NP )PP )NP , )NP )SINV )PRN (NP they )NP (VP might (VP *UNK (ADVP away )ADVP )VP )VP . )S  STOP
(S (PP In (NP a typical leverage strategy )NP )PP , (NP a fund )NP (VP tries (S (VP to (VP *UNK (NP (NP the spread )NP (PP between (NP (SBAR (WHNP what )WHNP (S (NP it )NP (VP costs (S (VP to (VP borrow )VP )VP )S )VP )S )SBAR and (NP (NP the higher return )NP (PP on (NP (NP the bonds )NP (SBAR (S (NP it )NP (VP buys (PP with (NP the borrowed money )NP )PP )VP )S )SBAR )NP )PP )NP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (S (SBAR If (S (NP the market )NP (VP *UNK )VP )S )SBAR , (NP holders )NP (VP can (VP make (NP (ADJP (ADVP that much )ADVP more )ADJP profit )NP )VP )VP )S ; (S (NP the leverage )NP (VP (ADVP effectively )ADVP acts (PP as (NP an *UNK- margin account )NP )PP (PP for (NP investors )NP )PP )VP )S . )S  STOP
(S But (SBAR (WHADVP when )WHADVP (S (NP the market )NP (VP moves (PP against (NP the fund )NP )PP )VP )S )SBAR , (NP investors )NP (VP lose (NP (NP more )NP (PP than (NP other junk holders )NP )PP )NP (SBAR because (S (NP the market decline )NP (VP is (VP *UNKED (PP by (NP (NP the amount )NP (SBAR (S (NP the fund )NP (VP is (ADJP leveraged )ADJP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Fund managers )NP , (PP for (NP their part )NP )PP , (VP defend (NP (NP their use )NP (PP of (NP leverage )NP )PP )NP )VP . )S  STOP
(S (NP (NP Carl *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP runs (NP the *UNKC *UNKC High Income Fund )NP )VP )S )SBAR , )NP (VP says (SBAR (S (NP (NP the fund 's )NP (ADJP 25 % )ADJP leverage )NP (VP has (VP *UNKED (PRT up )PRT (NP its interest income )NP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (ADVP (ADVP As long )ADVP (SBAR as (S (S (NP I )NP (VP am (VP borrowing (PP at (NP *UNKN % )NP )PP )VP )VP )S and (S (NP each -LCB- bond -RCB- )NP (VP yields (PP over (NP that )NP )PP )VP )S )S )SBAR )ADVP , (NP it )NP (VP *UNK (NP the yield )NP )VP )S , '' (NP he )NP (VP maintains )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP says (SBAR (S (NP he )NP (VP tries (S (VP to (VP offset (NP the leverage )NP (PP by (S (VP *UNKING (NP (NP the fund 's )NP portfolio )NP )VP )S )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S Yet (NP some funds )NP (VP have (VP pulled (PRT in )PRT (NP their *UNK )NP )VP )VP . )S  STOP
(S (NP New America High Income Fund )NP (ADVP recently )ADVP (VP said (SBAR that (S (NP it )NP (VP plans (S (VP to (VP reduce (NP its leverage position )NP (PP by (S (VP buying (ADVP back )ADVP (NP (NP (QP $ 5 million )QP )NP (PP in (NP preferred stock and notes )NP )PP )NP (PP from (NP investors )NP )PP )VP )S )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The fund )NP (VP made (NP a similar move )NP (NP earlier this year )NP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP are (VP trying (S (VP to (VP increase (NP our flexibility )NP )VP )VP )S )VP )VP )S , '' (VP says )VP (NP (NP *UNKC E. Terry )NP , (NP (NP a vice president )NP (PP at (NP (NP *UNKC Capital Management )NP , (NP (NP the fund 's )NP investment adviser )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP She )NP (VP (VP declined (S (VP to (VP elaborate )VP )VP )S )VP and (VP would n't (VP disclose (NP (NP the fund 's )NP recent purchases , sales or cash position )NP )VP )VP )VP . )S  STOP
(S (NP Ms. Terry )NP (VP did (VP say (SBAR (S (NP (NP the fund 's )NP recent performance )NP `` (VP *UNK (SBAR (WHNP what )WHNP (S (VP happens (PP in (NP a leveraged product )NP )PP '' (SBAR (WHADVP when )WHADVP (S (NP the market )NP (VP does n't (VP cooperate )VP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S `` (SBAR (WHADVP When )WHADVP (S (NP the market )NP (VP turns (PRT around )PRT )VP )S )SBAR , '' (PRN (S (NP she )NP (VP says )VP )S )PRN , `` (NP it )NP (VP will (VP give (NP (NP a nice picture )NP '' (PP of (SBAR (WHADVP how )WHADVP (S (NP leverage )NP (VP can (VP help (NP performance )NP )VP )VP )S )SBAR )PP )NP )VP )VP . )S  STOP
(S (S (NP Several leveraged funds )NP (VP do n't (VP want (S (VP to (VP cut (NP (NP the amount )NP (SBAR (S (NP they )NP (VP borrow )VP )S )SBAR )NP )VP )VP )S (SBAR because (S (NP it )NP (VP would (VP slash (NP (NP the income )NP (SBAR (S (NP they )NP (VP pay (NP shareholders )NP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )VP )S , (NP fund officials )NP (VP said )VP . )S  STOP
(S But (NP a few funds )NP (VP have (VP taken (NP other defensive steps )NP )VP )VP . )S  STOP
(S (NP Some )NP (VP have (VP raised (NP their cash positions )NP (PP to (NP record levels )NP )PP )VP )VP . )S  STOP
(S (NP High cash positions )NP (VP help (S (VP *UNK (NP a fund )NP (SBAR (WHADVP when )WHADVP (S (NP the market )NP (VP falls )VP )S )SBAR )VP )S )VP . )S  STOP
(SINV (S (NP *UNKC Street High Income Portfolio )NP , (PP for (NP instance )NP )PP , (ADVP now )ADVP (VP holds (NP (NP (NP (QP about 15 )QP % )NP (PP in (NP cash and *UNK )NP )PP )NP , (NP (NP (QP nearly *UNK )QP the amount )NP (SBAR (S (NP it )NP (VP held (NP earlier this year )NP )VP )S )SBAR )NP , )NP )VP )S (VP says )VP (NP (NP John *UNKC )NP , (NP portfolio *UNK- )NP )NP . )SINV  STOP
(S (NP He )NP (VP says (SBAR (S (NP (NP the fund )NP , (SBAR (WHNP which )WHNP (S (VP is (NP (ADJP 40 % )ADJP leveraged )NP )VP )S )SBAR , )NP (VP has (VP maintained (NP (NP a `` substantial *UNK '' )NP (PP between (NP (NP its borrowing costs )NP and (NP (NP the yields )NP (PP of (NP (NP the portfolio 's )NP bonds )NP )PP )NP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP I )NP (VP do n't (VP want (S (VP to (VP be (PP in (NP (NP a position )NP (SBAR (S (VP to (VP have (S (VP to (VP sell )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP )S , '' (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S (NP Other funds )NP (VP have (ADVP recently )ADVP (VP sold (NP weak junk bonds )NP (S (VP to (VP raise (NP cash )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP At (NP the *UNKED *UNKC Income Fund )NP )PP , (NP portfolio manager John *UNKC )NP (ADVP recently )ADVP (VP dumped (NP (NP Mesa Petroleum )NP , (NP *UNKC )NP and (NP *UNKC Industries )NP )NP , (PP among (NP others )NP )PP , (S (VP to (VP raise (NP his cash position )NP (PP to (NP a record 15 % )NP )PP )VP )VP )S )VP . )S  STOP
(S `` (S (NP That )NP (VP 's (NP a problem )NP (SBAR because (S (NP cash )NP (VP is n't (VP earning (NP us )NP (NP (ADJP very much )ADJP money )NP )VP )VP )S )SBAR )VP )S , '' (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S (NP He )NP (VP concedes : `` (S (NP This )NP (VP is (NP (NP the (ADJP most difficult )ADJP market )NP (SBAR (WHNP that )WHNP (S (NP I )NP (VP 've (VP been (VP involved (PP in )PP )VP )VP )VP )S )SBAR )NP )VP )S )VP . '' )S  STOP
(S (PP Because of (NP the recent *UNK- turmoil )NP )PP , (NP the fund )NP (VP is (VP considering (S (VP investing (PP in (NP (NP other issues )NP (ADVP instead )ADVP , (PP including (NP mortgage-backed bonds )NP )PP )NP )PP )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP 're (VP looking (PP at (NP the leverage factor )NP )PP (NP every day )NP )VP )VP )S , '' (VP says )VP (NP (NP Robert Moore )NP , (NP (NP president )NP (PP of (NP (NP *UNKC Inc. )NP , (NP (NP a Shearson Lehman Hutton Inc. unit )NP and (NP (NP the fund 's )NP adviser )NP )NP )NP )PP )NP )NP . )SINV  STOP
(S `` (PP At (NP some point )NP )PP , (SBAR if (S (NP we )NP (VP are (ADJP unable (S (VP to (VP cover (NP our leveraged cost )NP )VP )VP )S )ADJP )VP )S )SBAR (PRN -- and (PP at (NP the moment )NP )PP (S (NP we )NP (VP 're (PP (ADVP right )ADVP on (NP it )NP )PP )VP )S -- )PRN (NP we )NP (VP 're (VP going (S (VP to (VP have (S (VP to (VP make (NP a move )NP )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP One )NP (PP of (NP the (ADJP more *UNK )ADJP garden stories )NP )PP (PP since (NP *UNKC )NP )PP )NP (VP has (VP been (VP *UNKING (PP for (NP (NP four years )NP (ADVP now )ADVP )NP )PP , (PP in (NP (NP the private *UNK- *UNK )NP (PP of (NP artist *UNKC Bartlett )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S And (SBAR if (S (NP (NP she )NP and (NP the *UNKC Park City Authority )NP )NP (VP have (NP their way )NP )VP )S )SBAR , (NP her (ADJP *UNKLY *UNK )ADJP plan )NP (VP will (ADVP soon )ADVP (VP go (ADJP public )ADJP (PP as (NP (NP a real garden `` *UNK '' )NP (PP in (NP the downtown complex )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP South Gardens )NP , (SBAR as (S (NP the Bartlett scheme )NP (VP is (VP called )VP )VP )S )SBAR , )NP (VP will (VP *UNK (NP (NP the last 3.5 acres )NP (PP of (NP open space )NP )PP (PP at (NP (NP the *UNK *UNK )NP (PP of (NP Manhattan )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP It )NP (VP could (VP (VP cost (NP taxpayers )NP (NP (QP $ 15 million )QP )NP (S (VP to (VP install )VP )VP )S )VP and (VP (NP *UNKC residents )NP (NP (NP (QP $ 1 million )QP )NP (NP a year )NP )NP (S (VP to (VP maintain )VP )VP )S )VP )VP )VP . )S  STOP
(S (S (VP *UNKED (PP by (NP (NP an artist )NP (SBAR (WHNP who )WHNP (S (VP *UNK (NP (NP her *UNK )NP (PP of (NP plants and *UNK )NP )PP )NP )VP )S )SBAR )NP )PP )VP )S , (NP South Gardens )NP , (SBAR as (S (ADVP now )ADVP (VP planned )VP )S )SBAR , (VP will (VP die (PP from (NP *UNK garden design )NP )PP )VP )VP . )S  STOP
(S (NP (NP (NP Ms. Bartlett 's )NP previous work )NP , (SBAR (WHNP which )WHNP (S (VP earned (NP her )NP (NP (NP an international reputation )NP (PP in (NP the *UNK- art world )NP )PP )NP )VP )S )SBAR , )NP (ADVP often )ADVP (VP took (NP *UNK )NP (PP as (NP its nominal subject )NP )PP )VP . )S  STOP
(S (ADVP *UNKC )ADVP (NP this *UNK connection )NP (VP made (S (NP the *UNKC *UNKC *UNKC Committee )NP (VP think (SBAR (S (NP she )NP (VP had (NP a *UNK green *UNK )NP )VP )S )SBAR )VP )S )VP . )S  STOP
(S -LRB- (NP Ms. Bartlett )NP (VP would not (VP discuss (NP her garden )NP (PP for (NP this article )NP )PP )VP )VP . -RRB- )S  STOP
(S (NP Last year )NP (NP she )NP (VP *UNKED (PP to (NP *UNK magazine )NP )PP : `` (S (NP I )NP (VP 'd (ADVP never )ADVP (VP looked (PP at (NP a garden )NP )PP (PP in (NP my life )NP )PP )VP )VP )S )VP . '' )S  STOP
(S (S And (NP she )NP (VP proved (NP no *UNKING *UNK )NP (PP in (NP (NP her initial statement )NP (PP to (NP (NP the *UNKC )NP , (NP a New York State public benefit corporation )NP )NP )PP )NP )PP )VP )S : `` (S (NP (NP The only thing )NP (SBAR (S (NP I )NP (VP was (ADJP interested (PP in (S (VP doing )VP )S )PP )ADJP )VP )S )SBAR )NP (VP was (NP (NP a (ADJP very complicated )ADJP garden )NP , (SBAR (WHNP which )WHNP (S (VP (VP would (VP cost (NP (NP an enormous amount )NP (PP of (NP money )NP )PP )NP )VP )VP and (VP be (ADJP very expensive (SBAR (S (VP to (VP maintain )VP )VP )S )SBAR )ADJP )VP )VP )S )SBAR )NP )VP )S . '' )S  STOP
(S (S (ADJP *UNKED )ADJP )S , (NP the *UNKC )NP (VP hired (NP (NP Ms. Bartlett )NP and (NP (NP another *UNKED garden *UNK )NP , (NP the *UNK Alexander *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP (VP claimed (SBAR (S (NP he )NP (VP had (ADVP never )ADVP (VP (VP visited )VP , (VP (ADVP much less )ADVP built )VP , (NP a garden )NP )VP )VP )S )SBAR )VP , and (VP said (PP of (NP the project )NP )PP , `` (S (NP I )NP (VP do n't (VP view (NP this )NP (PP as (NP a landscape )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (NP I )NP (VP view (NP this )NP (PP as (NP a building )NP )PP )VP . '' )S  STOP
(S (NP (NP The third principal )NP (PP in (NP the South Gardens *UNK )NP )PP )NP (VP did (VP have (NP garden experience )NP )VP )VP . )S  STOP
(S (NP (NP The firm )NP (PP of (NP Bruce *UNKC *UNKC *UNKC *UNKC )NP )PP )NP (VP had (VP created (NP (NP Central Park 's )NP (NX (NX *UNKC *UNKC )NX and (NX Shakespeare *UNKC )NX )NX )NP )VP )VP . )S  STOP
(S (NP The *UNKC )NP (VP called (S (NP its team )NP (NP a `` *UNKING '' *UNK )NP )S )VP . )S  STOP
(S (PP After (NP four years )NP )PP , (ADVP though )ADVP , (NP the South Gardens design )NP (VP is (NP (ADJP 100 % )ADJP *UNKED *UNKC Bartlett )NP )VP . )S  STOP
(S (NP She )NP (VP has (VP done (NP (NP little more )NP (SBAR than (S (VP (VP *UNK (NP (NP her standard *UNK )NP (PRN -- (NP (NP trees )NP , (NP water )NP , (NP landscape *UNK )NP , (NP *UNK square houses )NP , (NP circles )NP , (NP *UNK )NP , (NP *UNK )NP )NP -- )PRN )NP )VP and (VP fit (NP them )NP (PP into (NP a *UNK )NP )PP , (SBAR as if (S (NP she )NP (VP were (VP making (NP (NP one )NP (PP of (NP her *UNKED *UNK- works )NP )PP )NP (PP for (NP a gallery wall )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S But (PP for (NP South Gardens )NP )PP , (NP the *UNK )NP (VP was (S (VP to (VP be (NP (NP a *UNK- network )NP (PP of (NP (NP *UNK )NP or (NP hedge walls )NP )NP )PP (PP with (NP (NP real plants )NP (PP inside (NP them )NP )PP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (PP In (NP (NP a letter )NP (PP to (NP the BPCA )NP )PP )NP )PP , (NP *UNK )NP (VP called (S (NP this )NP `` (ADJP *UNK and *UNK )ADJP )S )VP . '' )S  STOP
(S (NP The landscape *UNK )NP (VP were (VP *UNKED (PP from (NP the garden )NP )PP (PP in (NP July )NP )PP )VP )VP . )S  STOP
(S (NP All the while )NP , (NP Ms. Bartlett )NP (VP had (VP been (ADJP (ADJP busy (PP at (NP her *UNK )NP )PP )ADJP , (ADJP *UNK (PP in (NP (NP her sense )NP (PP of (NP *UNK- )NP )PP )NP )PP )ADJP )ADJP )VP )VP . )S  STOP
(S (SBAR As (S (NP she )NP (VP put (NP it )NP (PP in (NP (NP a 1987 *UNK )NP (PP at (NP (NP the Harvard *UNKC School )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP )PP )VP )S )SBAR : `` (NP I )NP (VP have (VP designed (NP a garden )NP , (S not (VP knowing (NP (NP the difference )NP (PP between (NP (NP a *UNK )NP and (NP a *UNK )NP )NP )PP )NP )VP )S )VP )VP . '' )S  STOP
(S (ADVP Moreover )ADVP , (NP she )NP (VP *UNKED (SBAR that `` (S (NP landscape *UNK )NP (VP have (VP been (VP going (ADJP wrong )ADJP (PP for (NP the last 20 years )NP )PP '' (PP in (NP (NP the design )NP (PP of (NP open space )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S And (NP she )NP (ADVP further )ADVP (VP *UNKED (NP her *UNK )NP (PP by (S (VP *UNKING (NP (NP her secret garden design method )NP : (S (VP *UNKING (S (NP a friend )NP (VP to (VP spend `` (NP (QP five or six thousand )QP dollars )NP ... (PP on (NP (NP books )NP (SBAR (WHNP that )WHNP (S (NP I )NP (ADVP ultimately )ADVP (VP cut (PRT up )PRT )VP )S )SBAR )NP )PP )VP )VP )S )VP )S )NP )VP )S )PP )VP . '' )S  STOP
(S (PP After (NP that )NP )PP , (NP the *UNK )NP (VP had (VP been (ADJP easy )ADJP )VP )VP . )S  STOP
(S `` (NP I )NP (VP 've (VP (VP (ADVP always )ADVP (VP relied (ADVP heavily )ADVP (PP on (NP the *UNK )NP )PP )VP )VP and (VP found (S (NP it )NP (ADVP never )ADVP (VP to (VP fail )VP )VP )S )VP )VP )VP . '' )S  STOP
(S (NP Ms. Bartlett )NP (VP told (NP her audience )NP (SBAR that (S (NP she )NP (ADVP absolutely )ADVP (VP did not (VP believe (PP (PP in (NP compromise )NP )PP or (PP in (S (VP giving (PRT in )PRT (PP to (NP the client )NP )PP )VP )S )PP )PP `` (SBAR because (S (NP I )NP (VP do n't (VP think (SBAR (S (NP you )NP (VP can (VP do (NP (NP *UNK- versions )NP (PP of (NP things )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . '' )S  STOP
(S -LRB- (NP This )NP (VP was (ADVP never )ADVP (NP (NP a problem )NP (PP with (NP South Gardens )NP )PP )NP , (SBAR because (S (NP the client )NP (VP had (ADVP long since )ADVP (VP given (PRT in )PRT (PP to (NP (NP Ms. Bartlett 's )NP every *UNK )NP )PP )VP )VP )S )SBAR )VP . -RRB- )S  STOP
(S (NP Last year )NP (NP the public )NP (VP was (VP *UNKED (NP (NP a *UNK )NP (PP of (NP (NP Ms. Bartlett 's )NP creation )NP )PP )NP (PP in (NP a *UNK version )NP )PP , (PP at (NP a *UNKC *UNK )NP )PP )VP )VP . )S  STOP
(S (S (NP The labels )NP (VP were (ADJP *UNK )ADJP )VP )S : `` (SINV (SINV (PP Within (NP its *UNKING walls )NP )PP (VP is )VP (NP (NP (NP (NP a *UNK )NP (PP of (NP a thousand years )NP )PP (PP in (NP garden design )NP )PP )NP ... (NP (NP (NP a (NX (NX rose garden )NX , (NX *UNK garden )NX , (NX *UNK garden )NX )NX )NP , (NP *UNK fields )NP , (NP an apple *UNK )NP ... )NP (VP organized (PP in (NP (NP a *UNK )NP (PP of (NP *UNK- *UNK )NP )PP )NP )PP (S (VP to (VP form (NP ` rooms ' )NP )VP )VP )S )VP )NP )NP )NP )SINV ... (SINV (ADVP here and there )ADVP (VP are )VP (NP (NP simple *UNK forms )NP , (NP (NP a *UNK jet )NP (PP of (NP water )NP )PP )NP , (NP (NP a *UNK )NP (PP of (NP (NP *UNK )NP or (NP *UNK *UNK )NP )NP )PP )NP , and (NP (NP chairs )NP (PP of (NP every sort )NP )PP (SBAR (S (VP to (VP drag (PP around )PP )VP )VP )S )SBAR )NP )NP )SINV )SINV ... . )S  STOP
(SINV (PP At (NP (NP the core )NP (PP of (NP (NP it )NP (NP all )NP )NP )PP )NP )PP (VP is )VP (NP (NP a love )NP (PP for (NP plants )NP )PP )NP . '' )SINV  STOP
(S (NP (NP Plant *UNK )NP (SBAR (WHNP who )WHNP (S (VP studied (NP the *UNK )NP )VP )S )SBAR )NP (VP were (ADJP *UNKED )ADJP )VP . )S  STOP
(S (NP They )NP (VP (VP looked (PP at (NP the *UNK )NP )PP )VP and (VP saw (NP a giant *UNKLY )NP )VP )VP . )S  STOP
(S (NP (NP Ms. Bartlett 's )NP little rooms )NP (VP left (NP (NP little room )NP (PP for (NP (NP plants )NP or (NP people )NP )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP had (VP put (NP (NP South Gardens ' )NP carrying capacity )NP (PP at (NP (NP (NP four people )NP (PP per (NP room )NP )PP )NP , or (NP (NP (QP about 100 )QP humans )NP (ADVP overall )ADVP )NP )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP This *UNK )NP (PP of (NP tiny *UNKED *UNK )NP )PP )NP (VP was (VP inspired (PP by (NP (NP the artist 's )NP own *UNK )NP )PP )VP )VP )S : `` (S (S (NP My *UNK )NP (VP was (NP (NP 50 )NP (PP by (NP 100 feet )NP )PP )NP )VP )S , (ADVP so )ADVP (S (NP (NP 50 feet )NP (PP by (NP 50 feet )NP )PP )NP (VP seemed (PP like (NP a good garden room )NP )PP )VP )S )S . '' )S  STOP
(SINV (PP *UNKC (NP the *UNK )NP )PP (VP were )VP (NP (NP (NP 24 )NP (PP of (NP these plant cells )NP )PP )NP (VP *UNKED (S (ADJP full (PP of (NP clutter )NP )PP )ADJP )S )VP )NP . )SINV  STOP
(S (NP One )NP (NP she )NP (VP made (PP into (NP (NP a *UNK *UNK room )NP , (ADJP *UNK (PP with (NP (NP plants )NP (VP *UNKED (PP into (NP a *UNKC , TV , *UNK and chairs )NP )PP )VP )NP )PP )ADJP )NP )PP )VP . )S  STOP
(S (PP In (NP another )NP )PP , (NP she )NP (VP *UNKED (NP (NP *UNK *UNK missile *UNK )NP (PRN -- (VP *UNKING (NP (NP $ 10,000 )NP (NP each )NP )NP )VP -- )PRN (PP in (NP (NP *UNK )NP (PP up (PP to (NP 20 feet )NP )PP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Another )NP (NP she )NP (VP *UNKED (PP with (NP eight `` *UNK *UNK '' )NP )PP (PP for (NP (NP a *UNK *UNK *UNK )NP (PP in (NP (NP the *UNKING )NP (PP of (NP plants )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP the *UNK *UNK )NP )PP (NP she )NP (VP specified (NP a `` *UNK *UNK garden '' *UNK )NP )VP . )S  STOP
(S (NP She )NP (VP (VP ordered (S (NP the *UNK )NP (VP done (PP in (NP a different *UNK *UNKING )NP )PP )VP )S )VP , and (VP made (S (NP the landscape *UNK )NP (VP study (NP (NP a book )NP (PP on (NP *UNK )NP )PP )NP )VP )S )VP )VP . )S  STOP
(S (PP In (NP one garden *UNK )NP )PP (NP she )NP (VP *UNKED (NP (NP a *UNK- square glass *UNK )NP (VP meant (S (VP to (VP show (PRT off )PRT (NP (NP a *UNK *UNK floor *UNK )NP , (NP a `` *UNK *UNK )NP , '' (NP (NP a `` huge *UNK )NP (PP with (NP *UNK )NP )PP )NP '' and (NP (NP a `` *UNK )NP (PP with (NP *UNK )NP )PP )NP )NP )VP )VP )S )VP )NP )VP . '' )S  STOP
(S (ADVP Next door )ADVP (NP she )NP (VP put (NP (NP a smaller *UNKED glass house )NP , (SBAR (WHADVP where )WHADVP (PRN , (S (NP she )NP (VP suggested )VP )S , )PRN (S (NP (NP a flat )NP (PP of (NP *UNK )NP )PP )NP (VP might (VP be (VP *UNKED (PP in (NP (NP the dead )NP (PP of (NP winter )NP )PP )NP )PP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (NP (NP another *UNK )NP (VP called (S (NP the *UNKC *UNKC )NP )S )VP )NP )PP , (NP 62 *UNK trees )NP (VP were (S (VP to (VP be (VP crowded (ADVP together )ADVP (PP at (NP (NP killing *UNK )NP (PP of (NP (QP 10 or 16 )QP feet )NP )PP )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S -LRB- (NP *UNKC )NP (VP need (NP (QP about 36 )QP feet )NP )VP . -RRB- )S  STOP
(S (S (NP (NP One thing )NP (PP about (NP the Bartlett plan )NP )PP )NP (VP was (ADVP never )ADVP (PP in (NP doubt )NP )PP )VP )S : (S (NP It )NP (VP would (VP demand (NP (NP the *UNK- skills )NP (PP of (NP (NP a *UNK )NP (PP of (NP (NP *UNK *UNK )NP , (NP *UNK )NP , (NP *UNK )NP and (NP *UNK )NP )NP )PP )NP )PP )NP )VP )VP )S . )S  STOP
(S (NP Ms. Bartlett )NP (VP (ADVP *UNKLY )ADVP suggested (S (VP calling (PP upon `` (NP *UNKED garden club workers )NP )PP (PP for (NP maintenance )NP )PP )VP )S )VP . '' )S  STOP
(S (ADVP *UNKC )ADVP , (NP she )NP (VP had (VP insisted (PP on (NP (NP (NP *UNK )NP (ADJP (ADJP so narrow )ADJP (PRN -LRB- (NP (QP five to eight )QP feet )NP -RRB- )PRN )ADJP )NP and (NP (NP hedge *UNK )NP (ADJP (ADJP so square )ADJP )ADJP )NP (SBAR that (S (NP (NP standard maintenance equipment )NP (PRN -- (NP (NP trucks )NP or (NP *UNK *UNK )NP )NP -- )PRN )NP (VP could n't (VP *UNK )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (ADVP Then )ADVP , (S (VP to (VP make (S (NP these *UNK )NP (ADVP quite literally )ADVP (NP rooms )NP )S )VP )VP )S , (NP Ms. Bartlett )NP (VP had (VP thrown (PRT up )PRT (NP (NP *UNK walls )NP (PRN -LRB- (NP *UNK , *UNK , hedge )NP -RRB- )PRN (ADJP (QP eight to 10 )QP feet tall )ADJP )NP , (S (VP casting (NP her *UNK )NP (PP into (NP *UNK- *UNKC *UNK )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP was (ADJP hard )ADJP (S (VP to (VP see (SBAR (WHADVP how )WHADVP (S (NP *UNK )NP (VP would (ADVP ever )ADVP (VP happen (PP in (NP South Gardens )NP )PP (PP without (S (VP *UNKING (NP the walls )NP (PP in (NP (NP a *UNKC array )NP (PP of (NP *UNKC )NP )PP )NP )PP )VP )S )PP )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (ADVP Finally )ADVP , (S (VP *UNKING (NP (NP the BPCA 's )NP *UNK (S (VP to (VP continue (NP (NP the popular *UNK- *UNK *UNKC )NP , (VP *UNKED (PP for (NP (NP its *UNK views )NP (PP of (NP (NP New York *UNKC )NP , (NP (NP the *UNKC )NP (PP of (NP *UNKC )NP )PP )NP and (NP *UNKC Island )NP )NP )PP )NP )PP )VP )NP )VP )VP )S )NP )VP )S , (NP Ms. Bartlett )NP (VP threw (PRT up )PRT (NP (NP yet another wall )NP (PRN , (NP this time )NP (ADJP concrete )ADJP , (NP this time )NP (ADJP (NP (QP 10 1\/2 )QP feet )NP tall )ADJP )PRN )NP )VP . )S  STOP
(S (NP She )NP (VP ran (NP it )NP (NP (NP the length )NP (PP of (NP the South Gardens *UNK )NP )PP )NP , (S (VP *UNKING (PRT out )PRT (NP (NP (NP the city 's )NP great natural water features )NP , (NP (NP the *UNK )NP and (NP the river )NP )NP )NP )VP )S )VP . )S  STOP
(S -LRB- (PP Within (NP her garden )NP )PP , (NP she )NP (VP has (VP *UNKED (NP (NP a *UNK )NP , (NP a *UNK )NP , (NP *UNK )NP and (NP other costly , *UNK *UNK )NP )NP (PP *UNK (NP the Hudson )NP )PP )VP )VP . -RRB- )S  STOP
(S (SBAR While (S (NP the model )NP (VP was (ADVP still )ADVP (PP on (NP view )NP )PP )VP )S )SBAR , (NP Manhattan Community Board 1 )NP (VP passed (NP (NP a resolution )NP (PP against (NP South Gardens )NP )PP )NP )VP . )S  STOP
(S (NP The Parks Council )NP (VP wrote (NP the BPCA )NP (SBAR that (S (NP this (ADJP `` too ` private ' ... exclusive , '' complex and expensive )ADJP `` *UNKED garden )NP ... (VP *UNK (PP in (NP (NP almost any location )NP but (NP the *UNK )NP )NP )PP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP *UNKC B. Miller )NP , (NP (NP the noted public garden designer )NP (SBAR (WHNP who )WHNP (S (VP restored (NP (NP Central Park 's )NP *UNKC *UNKC )NP )VP )S )SBAR )NP , )NP (VP recalls (NP (NP her reaction )NP (PP to (NP the South Gardens model )NP )PP )NP (PP in (NP (NP light )NP (PP of (NP (NP the public garden )NP (SBAR (S (NP she )NP (VP was (VP *UNKING (PP for (NP (NP *UNK Street 's )NP *UNKC Park )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP : `` (S (NP Bryant Park )NP , (SBAR as (S (VP designed (PP in (NP *UNKN )NP )PP )VP )S )SBAR , (VP failed (PP as (NP a public space )NP )PP , (SBAR because (S (NP it )NP (VP made (S (NP people )NP (VP feel (ADJP *UNKED )ADJP )VP )S )VP )S )SBAR )VP )S )VP . )S  STOP
(S (PP By (S (VP removing (NP (NP the *UNK )NP and (NP some walls )NP )NP )VP )S )PP , (NP the Bryant Park *UNKC )NP (VP is (VP opening (NP it )NP (PRT up )PRT )VP )VP . )S  STOP
(S (NP It )NP (VP seems (PP to (NP me )NP )PP (SBAR (S (NP the BPCA plan )NP (VP has (NP (NP the potential )NP (PP of (S (VP making (S (NP South Gardens )NP (NP (NP a *UNK jail )NP (PP for (NP people and plants )NP )PP )NP )S )VP )S )PP )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP The three urban *UNK experts )NP (PP with (NP *UNKC *UNKC *UNKC )NP )PP )NP (VP *UNKED (PRT in )PRT (PP with (NP (NP a letter )NP (PP to (NP the BPCA )NP )PP (SBAR (WHNP that )WHNP (S (VP began : `` (S (NP We )NP (VP feel (SBAR that (S (NP the garden )NP (VP is (VP (ADVP *UNKLY )ADVP *UNKED )VP )VP )S )SBAR )VP )S )VP )S )SBAR )NP )PP )VP . '' )S  STOP
(S (NP They )NP (ADVP then )ADVP (VP addressed (NP (NP the (ADJP *UNKLY `` *UNK )ADJP safety )NP (PP of ... (NP (NP a complex garden )NP (PP of (NP *UNK *UNKING places )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP The (ADJP 8 *UNK )ADJP *UNK )NP (SBAR (WHNP which )WHNP (S (VP *UNK (NP (NP views )NP (PP in and out (PP of (NP small ` rooms ' )NP )PP )PP )NP )VP )S )SBAR )NP (VP *UNK ... (SBAR that (S (NP this garden )NP (VP will (VP be (NP (NP a potential breeding ground )NP (PP for (NP crime )NP )PP )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S -LRB- (PP At (NP Harvard )NP )PP , (NP Ms. Bartlett )NP (VP had (VP declared : `` (S (NP There )NP (VP are (VP going (S (VP to (VP be (NP (NP problems )NP (PP with (NP safety )NP )PP )NP )VP )VP )S )VP )VP )S )VP )VP ... )S  STOP
(S (NP I )NP (VP 'm not (VP going (S (VP to (VP address (NP (NP questions )NP (PP of (NP safety )NP )PP )NP )VP )VP )S )VP )VP ! '' -RRB- )S  STOP
(S (PP Despite (NP (NP the *UNK *UNK )NP (PP of (NP *UNK garden professionals )NP )PP )NP )PP , (NP (NP Ms. Bartlett 's )NP South Gardens design )NP (ADVP somehow )ADVP (VP continues (PRT on )PRT , (S (ADJP seemingly *UNK (PP to (NP reason )NP )PP )ADJP )S , (S (VP stalled (ADVP only )ADVP (PP by (NP (NP *UNK *UNK )NP and (NP *UNK *UNK )NP )NP )PP )VP )S )VP . )S  STOP
(S (NP BPCA President and *UNKC David *UNKC )NP (VP hopes (S (VP to (VP negotiate (NP (NP a *UNK )NP (SBAR (WHNP that )WHNP (S (VP could `` (VP be (ADJP (ADVP significantly more )ADVP *UNKLY *UNK )ADJP )VP )VP )S )SBAR )NP )VP )VP )S )VP . '' )S  STOP
(S And (PP by (S (VP *UNKING (NP (NP yet another landscape *UNK )NP , (NP Nicholas *UNKC )NP , )NP )VP )S )PP (NP he )NP (VP insists (SBAR (S (NP he )NP (VP can (VP achieve (NP (NP that )NP and (NP (NP other *UNK )NP (PP to (NP *UNKING reality )NP )PP )NP )NP (SBAR while (S (ADVP still )ADVP (VP *UNKING (NP (NP the `` *UNK vision '' )NP (PP of (NP a `` (ADJP truly great )ADJP artist )NP )PP )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . '' )S  STOP
(S (PP After (NP (NP four years )NP (PP of (NP (NP no progress )NP (PP in (NP this direction )NP )PP )NP )PP )NP )PP , (NP (NP it )NP )NP (VP is (ADJP *UNK )ADJP (SBAR (S (NP (NP any viable *UNK )NP (PP with (NP Ms. Bartlett )NP )PP )NP (VP will (ADVP suddenly )ADVP (ADVP now )ADVP (VP be (ADJP possible )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S -LRB- (NP Mr. *UNKC )NP (VP has (VP said (SBAR (S (NP he )NP (VP plans (S (VP to (VP go (PP with (NP the *UNK )NP )PP )VP )VP )S , (ADVP regardless )ADVP )VP )S )SBAR )VP )VP . -RRB- )S  STOP
(S (NP There )NP (VP is (ADVP still )ADVP (NP (NP time )NP , (ADVP however )ADVP , (SBAR for (S (NP (NP Gov. *UNKC *UNKC )NP or (NP (NP *UNKC *UNKC )NP , (NP (NP chairman )NP (PP of (NP the BPCA board )NP )PP )NP , )NP )NP (VP to (VP prevent (NP this topiary `` *UNKED *UNKC )NP )VP )VP )S )SBAR )NP )VP . '' )S  STOP
(S (NP These *UNK )NP (VP might (VP take (NP counsel )NP (PP from (NP (NP William Robinson )NP , (NP (NP author )NP (PP of (NP `` (NP The English *UNKC *UNKC )NP '' (PRN -- (NP (NP (NP the *UNK 's )NP *UNK )NP (PP since (NP *UNKN )NP )PP )NP -- )PRN )NP )PP )NP (SBAR (WHNP who )WHNP (S (VP seems (S (VP to (VP have (VP had (NP a *UNKC Bartlett )NP (PP in (NP mind )NP )PP (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP wrote : `` (S (ADVP *UNKLY )ADVP , (NP our *UNK )NP (PP for (NP *UNK )NP )PP (VP have (VP suffered (PP at (NP (NP the hands )NP (PP of (NP the *UNK artist )NP )PP )NP )PP (SBAR (WHADVP when )WHADVP (S (VP *UNKING (NP his ` designs ' )NP (PP to (NP the garden )NP )PP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP ... . )S  STOP
(S (NP It )NP (VP is (NP (NP this *UNKING )NP (PP of (NP (NP *UNK ` *UNK ' )NP and (NP (NP patterns )NP (PP from (NP old books )NP )PP )NP )NP )PP (PP to (NP (NP any surface )NP (SBAR (WHADVP where )WHADVP (S (NP a *UNK garden )NP (VP has (S (VP to (VP be (VP made )VP )VP )VP )S )VP )S )SBAR )NP )PP )NP (SBAR (WHNP that )WHNP (S (VP leads (PP to (NP (NP (ADJP bad and *UNK )ADJP design )NP -- (ADJP (ADJP wrong (PP in (NP plan )NP )PP )ADJP and (ADJP *UNK (PP for (NP (NP the life )NP (PP of (NP plants )NP )PP )NP )PP )ADJP )ADJP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP I )NP (VP read (NP (NP the *UNK )NP (PP of (NP (NP (NP *UNKC *UNKC 's )NP exchange )NP (PP with (NP a *UNKC representative )NP )PP (PRN -LRB- `` (S (VP Put (NP the Soviet *UNKC )NP (PP on (NP Golden *UNKC )NP )PP )VP )S , '' (NP editorial page )NP , (NP Oct. 5 )NP -RRB- )PRN )NP )PP )NP (PP with (NP great interest )NP )PP , (SBAR since (S (NP the gold standard )NP (VP is (NP (NP one )NP (PP of (NP (NP my areas )NP (PP of (NP research )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (ADJP *UNK )ADJP (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP states (SBAR that (S (NP (NP the Soviet Union 's )NP large gold reserves )NP (VP would (VP give (NP it )NP `` (NP great power (S (VP to (VP establish (NP credibility )NP )VP )VP )S )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (S (PP During (NP (NP the latter part )NP (PP of (NP the *UNK century )NP )PP )NP )PP , (NP *UNKC )NP (VP (VP was (PP on (NP a gold standard )NP )PP )VP and (VP had (NP (NP gold reserves )NP (VP representing (NP (NP (QP more than 100 )QP % )NP (PP of (NP its outstanding currency )NP )PP )NP )VP )NP )VP )VP )S , but (S (NP (NP no one )NP (PP outside (NP *UNKC )NP )PP )NP (VP used (NP rubles )NP )VP )S . )S  STOP
(S (S (NP (NP The Bank )NP (PP of (NP England )NP )PP )NP , (PP on (NP the other hand )NP )PP , (VP had (NP (NP gold reserves )NP (SBAR (WHNP that )WHNP (S (VP averaged (NP (NP (QP about 30 )QP % )NP (PP of (NP its outstanding currency )NP )PP )NP )VP )S )SBAR )NP )VP )S , and (S (NP (NP Bank )NP (PP of (NP England notes )NP )PP )NP (VP were (VP accepted (PP throughout (NP the world )NP )PP )VP )VP )S . )S  STOP
(S (S (NP (NP The (ADJP most likely )ADJP reason )NP (PP for (NP this *UNK )NP )PP )NP (VP is (SBAR that (S (NP (NP the Bank )NP (PP of (NP England )NP )PP )NP (VP was (NP (NP a private bank )NP (PP with (NP substantial earning assets )NP )PP )NP )VP )S )SBAR )VP )S , and (S (NP (NP the *UNK- rights )NP (PP of (NP creditors )NP )PP (S (VP to (VP collect (NP (NP claims )NP (PP against (NP the bank )NP )PP )NP )VP )VP )S )NP (VP were (ADJP well established )ADJP (PP in (NP Britain )NP )PP )VP )S . )S  STOP
(S (PP By (NP contrast )NP )PP , (PP in (NP *UNK- *UNKC )NP )PP (NP an *UNK government )NP (VP (VP owned (NP the bank )NP )VP and (VP had (NP the power (S (VP to (VP *UNK (NP payment )NP (SBAR (WHADVP whenever )WHADVP (S (NP it )NP (VP chose )VP )S )SBAR )VP )VP )S )NP )VP , (SBAR (ADVP much )ADVP as (S (NP it )NP (VP would (VP (PP in (NP (NP today 's )NP Soviet Union )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The success )NP (PP of (NP the British gold standard )NP )PP )NP (VP was (ADJP due (PP to (NP (NP (NP independent private banking )NP and (NP common law )NP )NP , (PP rather than (NP (NP the choice )NP (PP of (NP gold )NP )PP (PP for (S (VP *UNKING (NP the currency )NP )VP )S )PP )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (S (NP (NP It )NP )NP (VP is (NP no *UNK )NP (SBAR that (S (PP (PP from (NP *UNKN )NP )PP (PP to (NP *UNKN )NP )PP )PP , (SBAR (WHADVP when )WHADVP (S (NP (NP the Bank )NP (PP of (NP England )NP )PP )NP (VP was (NP an independent private bank )NP )VP )S )SBAR , (S (NP the pound )NP (VP was (ADVP never )ADVP (VP *UNKED )VP )VP )S and (S (NP (NP payment )NP (PP of (NP gold )NP )PP (PP for (NP pound notes )NP )PP )NP (VP was (ADVP never )ADVP (VP suspended )VP )VP )S )S )SBAR )VP )S , but (S (PP with (NP (NP the subsequent *UNK )NP (PP of (NP (NP the Bank )NP (PP of (NP England )NP )PP )NP )PP )NP )PP , (S (NP the pound )NP (VP was (VP *UNKED (PP with (NP increasing *UNK )NP )PP )VP )VP )S and (S (NP (NP its use )NP (PP as (NP (NP an international *UNK )NP (PP of (NP exchange )NP )PP )NP )PP )NP (VP declined )VP )S )S . )S  STOP
(S (NP The Soviet Union )NP (VP should (VP keep (NP these *UNK )NP (PP in (NP mind )NP )PP (SBAR as (S (NP it )NP (VP seeks (S (VP to (VP establish (NP the ruble )NP (PP as (NP an international currency )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP One way )NP (SBAR (S (VP to (VP make (NP the ruble )NP (PP into (NP a major international currency )NP )PP )VP )VP )S )SBAR )NP (VP would (VP be (S (VP to (VP leave (NP (NP (NP reserves )NP (PP of (NP gold )NP )PP )NP and (NP earning assets )NP )NP (PP in (NP a Swiss bank )NP )PP (PP with (NP (NP *UNK )NP (VP based (PP on (NP Swiss laws )NP )PP )VP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (SBAR Unless (S (NP (NP the laws )NP (VP *UNKING (NP (NP (NP the *UNK 's )NP rights )NP (PP to (NP payment )NP )PP )NP )VP )NP (VP are (ADJP independent (PP of (NP (NP the *UNK )NP (PP of (NP those notes )NP )PP )NP )PP )ADJP )VP )S )SBAR , (ADVP however )ADVP , (NP a *UNKED ruble )NP (VP would (VP be (ADJP (ADJP as unsuccessful )ADJP )ADJP (PP for (NP the Soviets )NP )PP (SBAR as (S (NP it )NP (VP was (PP for (NP the *UNK )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(NP Christopher R. *UNKC )NP  STOP
(NP (NP *UNKC )NP (PP of (NP *UNKC )NP )PP )NP  STOP
(NP California State University )NP  STOP
(NP (NP *UNKC )NP , (NP Calif . )NP )NP  STOP
(NP Wednesday , October 25 , 1989 )NP  STOP
(S (NP (NP The key U.S. and foreign annual interest rates )NP (ADVP below )ADVP )NP (VP (VP are (NP (NP a guide )NP (PP to (NP general levels )NP )PP )NP )VP but (VP do n't (ADVP always )ADVP (VP represent (NP actual transactions )NP )VP )VP )VP . )S  STOP
(NP (NP PRIME RATE )NP : (NP (QP 10 1\/2 )QP % )NP . )NP  STOP
(NP (NP The base rate )NP (PP on (NP corporate loans )NP )PP (PP at (NP large U.S. money center commercial banks )NP )PP . )NP  STOP
(NP (NP FEDERAL FUNDS )NP : (NP (NP (NP (QP 8 3\/4 )QP % )NP (ADVP high )ADVP )NP , (NP (NP (QP 8 11\/16 )QP % )NP (ADVP low )ADVP )NP , (NP (NP (QP 8 3\/4 )QP % )NP (PP near (NP closing bid )NP )PP )NP , (NP (NP (QP 8 *UNKN )QP % )NP (VP offered )VP )NP )NP . )NP  STOP
(NP (NP Reserves )NP (VP traded (PP among (NP commercial banks )NP )PP (PP for (NP overnight use )NP )PP (PP in (NP (NP amounts )NP (PP of (NP (QP $ 1 million or more )QP )NP )PP )NP )PP )VP . )NP  STOP
(NP (NP Source )NP : (NP Fulton Prebon (PRN -LRB- (NP U.S.A . )NP -RRB- )PRN Inc . )NP )NP  STOP
(NP (NP DISCOUNT RATE )NP : (NP 7 % )NP . )NP  STOP
(NP (NP The charge )NP (PP on (NP (NP loans )NP (PP to (NP depository institutions )NP )PP (PP by (NP the New York Federal Reserve Bank )NP )PP )NP )PP . )NP  STOP
(NP (NP CALL MONEY )NP : (NP (QP 9 3\/4 % to 10 % )QP )NP . )NP  STOP
(NP (NP The charge )NP (PP on (NP (NP loans )NP (PP to (NP brokers )NP )PP (PP on (NP stock exchange collateral )NP )PP )NP )PP . )NP  STOP
(NP (NP (NP COMMERCIAL PAPER )NP (VP placed (ADVP directly )ADVP (PP by (NP General Motors Acceptance Corp. )NP )PP )VP )NP : (NP (NP (NP 8.45 % )NP (NP (QP 30 to 44 )QP days )NP )NP ; (NP (NP *UNKN % )NP (NP (QP 45 to 67 )QP days )NP )NP ; (NP (NP *UNKN % )NP (NP (QP 68 to 89 )QP days )NP )NP ; (NP (NP 8 % )NP (NP (QP 90 to 119 )QP days )NP )NP ; (NP (NP 7.875 % )NP (NP (QP 120 to 149 )QP days )NP )NP ; (NP (NP *UNKN % )NP (NP (QP 150 to 179 )QP days )NP )NP ; (NP (NP 7.50 % )NP (NP (QP 180 to 270 )QP days )NP )NP )NP . )NP  STOP
(NP (NP (NP COMMERCIAL PAPER )NP : (NP (NP (ADJP High-grade unsecured )ADJP notes )NP (VP sold (PP through (NP dealers )NP )PP (PP by (NP major corporations )NP )PP (PP in (NP (NP multiples )NP (PP of (NP $ 1,000 )NP )PP )NP )PP )VP )NP )NP : (NP (NP (NP 8.55 % )NP (NP 30 days )NP )NP ; (NP (NP 8.45 % )NP (NP 60 days )NP )NP ; (NP (NP 8.40 % )NP (NP 90 days )NP )NP )NP . )NP  STOP
(NP (NP (NP CERTIFICATES )NP (PP OF (NP DEPOSIT )NP )PP )NP : (NP (NP (NP 8.09 % )NP (NP one month )NP )NP ; (NP (NP 8.09 % )NP (NP two months )NP )NP ; (NP (NP *UNKN % )NP (NP three months )NP )NP ; (NP (NP 8 % )NP (NP six months )NP )NP ; (NP (NP *UNKN % )NP (NP one year )NP )NP )NP . )NP  STOP
(NP (NP Average )NP (PP of (NP top rates )NP )PP (VP paid (PP by (NP major New York banks )NP )PP (PP on (NP (NP primary new issues )NP (PP of (NP negotiable C.D.s )NP )PP )NP )PP , (PRN (ADVP usually )ADVP (PP on (NP (NP amounts )NP (PP of (NP (QP $ 1 million and more )QP )NP )PP )NP )PP )PRN )VP . )NP  STOP
(S (NP The minimum unit )NP (VP is (NP $ 100,000 )NP )VP . )S  STOP
(NP (NP (NP Typical rates )NP (PP in (NP the secondary market )NP )PP )NP : (NP (NP (NP *UNKN % )NP (NP one month )NP )NP ; (NP (NP 8.45 % )NP (NP three months )NP )NP ; (NP (NP *UNKN % )NP (NP six months )NP )NP )NP . )NP  STOP
(NP (NP BANKERS ACCEPTANCES )NP : (NP (NP (NP *UNKN % )NP (NP 30 days )NP )NP ; (NP (NP *UNKN % )NP (NP 60 days )NP )NP ; (NP (NP *UNKN % )NP (NP 90 days )NP )NP ; (NP (NP *UNKN % )NP (NP 120 days )NP )NP ; (NP (NP *UNKN % )NP (NP 150 days )NP )NP ; (NP (NP 7.90 % )NP (NP 180 days )NP )NP )NP . )NP  STOP
(NP (NP Negotiable , bank-backed business credit instruments )NP (VP (ADVP typically )ADVP financing (NP an import order )NP )VP . )NP  STOP
(NP (NP LONDON LATE EURODOLLARS )NP : (NP (NP (NP (QP 8 11\/16 % to 8 9\/16 % )QP )NP (NP one month )NP )NP ; (NP (NP (QP 8 9\/16 % to 8 7\/16 % )QP )NP (NP two months )NP )NP ; (NP (NP (QP 8 5\/8 % to 8 1\/2 % )QP )NP (NP three months )NP )NP ; (NP (NP (QP 8 1\/2 % to 8 3\/8 % )QP )NP (NP four months )NP )NP ; (NP (NP (QP 8 7\/16 % to 8 *UNKN % )QP )NP (NP five months )NP )NP ; (NP (NP (QP 8 7\/16 % to 8 *UNKN % )QP )NP (NP six months )NP )NP )NP . )NP  STOP
(NP (NP LONDON INTERBANK OFFERED RATES )NP (PRN -LRB- (NP LIBOR )NP -RRB- )PRN : (NP (NP (NP (QP 8 11\/16 )QP % )NP (NP one month )NP )NP ; (NP (NP (QP 8 5\/8 )QP % )NP (NP three months )NP )NP ; (NP (NP (QP 8 7\/16 )QP % )NP (NP six months )NP )NP ; (NP (NP (QP 8 3\/8 )QP % )NP (NP one year )NP )NP )NP . )NP  STOP
(NP (NP The average )NP (PP of (NP interbank offered rates )NP )PP (PP for (NP dollar deposits )NP )PP (PP in (NP the London market )NP )PP (VP based (PP on (NP (NP quotations )NP (PP at (NP five major banks )NP )PP )NP )PP )VP . )NP  STOP
(NP (NP FOREIGN PRIME RATES )NP : (NP (NP (NP Canada )NP (NP 13.50 % )NP )NP ; (NP (NP Germany )NP (NP 9 % )NP )NP ; (NP (NP Japan )NP (NP 4.875 % )NP )NP ; (NP (NP Switzerland )NP (NP 8.50 % )NP )NP ; (NP (NP Britain )NP (NP 15 % )NP )NP )NP . )NP  STOP
(S (S (NP These rate indications )NP (VP are n't (ADJP directly comparable )ADJP )VP )S ; (S (NP lending practices )NP (VP vary (ADVP widely )ADVP (PP by (NP location )NP )PP )VP )S . )S  STOP
(NP (NP *UNKC *UNKC )NP : (NP (NP Results )NP (PP of (NP (NP the (NAC Monday , October 23 , 1989 , )NAC auction )NP (PP of (NP (NP short-term U.S. government bills )NP , (VP sold (PP at (NP (NP a discount )NP (PP from (NP face value )NP )PP )NP )PP (PP in (NP (NP units )NP (PP of (NP (QP $ 10,000 to $ 1 million )QP )NP )PP )NP )PP )VP )NP )PP )NP )PP )NP : (NP (NP (NP 7.52 % )NP (NP 13 weeks )NP )NP ; (NP (NP 7.50 % )NP (NP 26 weeks )NP )NP )NP . )NP  STOP
(NP (NP FEDERAL HOME LOAN MORTGAGE *UNKC . )NP (PRN -LRB- (NP Freddie Mac )NP -RRB- )PRN : (NP (NP Posted yields )NP (PP on (NP 30-year mortgage commitments )NP )PP (PP for (NP (NP delivery )NP (PP within (NP 30 days )NP )PP )NP )PP )NP . )NP  STOP
(NP (NP (NP *UNKN % )NP , (NP standard conventional fixed-rate mortgages )NP )NP ; (NP (NP 7.875 % )NP , (NP (ADJP 2 % )ADJP (ADJP rate capped )ADJP one-year adjustable rate mortgages )NP )NP . )NP  STOP
(NP (NP Source )NP : (NP Telerate Systems Inc )NP . )NP  STOP
(NP (NP FEDERAL NATIONAL MORTGAGE ASSOCIATION )NP (PRN -LRB- (NP Fannie Mae )NP -RRB- )PRN : (NP (NP Posted yields )NP (PP on (NP (ADJP 30 year )ADJP mortgage commitments )NP )PP (PP for (NP (NP delivery )NP (PP within (NP 30 days )NP )PP )NP )PP (PRN -LRB- (VP priced (PP at (NP par )NP )PP )VP -RRB- )PRN )NP (NP (NP (NP *UNKN % )NP , (NP standard conventional fixed-rate mortgages )NP )NP ; (NP (NP *UNKN % )NP , (NP 6\/2 (ADJP rate capped )ADJP one-year adjustable rate mortgages )NP )NP )NP . )NP  STOP
(NP (NP Source )NP : (NP Telerate Systems Inc )NP . )NP  STOP
(NP (NP MERRILL LYNCH READY ASSETS TRUST )NP : (NP *UNKN % )NP . )NP  STOP
(NP (NP (NP Annualized average rate )NP (PP of (NP return )NP )PP (PP after (NP expenses )NP )PP (PP for (NP the past 30 days )NP )PP )NP ; not (NP (NP a forecast )NP (PP of (NP future returns )NP )PP )NP . )NP  STOP
(S (NP Securities and Exchange Commission Chairman Richard Breeden )NP (VP told (NP a congressional subcommittee )NP (SBAR that (S (NP he )NP (VP would (VP consider (S (VP *UNKING (NP `` circuit breakers '' )NP (S (VP to (VP halt (NP program trading )NP (PP at (NP volatile times )NP )PP )VP )VP )S )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Breeden )NP , (PP in (NP (NP his first testimony )NP (PP to (NP Congress )NP )PP (PP since (S (VP taking (NP the SEC post )NP )VP )S )PP )NP )PP , (VP said (SBAR (S (NP the agency )NP (VP is (VP studying (NP (NP the (NAC Friday the *UNK )NAC market plunge )NP , (PP including (SBAR (WHADVP how )WHADVP (S (NP current circuit breakers )NP (VP affected (NP the market )NP (NP (NP that day )NP and (NP the following Monday )NP )NP )VP )S )SBAR )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (PP After (NP the study )NP )PP , (NP the SEC )NP (VP would (VP be (ADJP willing (S (VP to (VP consider (S (VP (VP adding (NP new circuit breakers )NP )VP or (VP *UNKING (NP the current ones )NP )VP )VP )S )VP )VP )S )ADJP )VP )VP )S , (NP he )NP (VP added )VP . )S  STOP
(S (NP (NP Circuit breakers )NP , (VP designed (S (VP to (VP give (NP the markets )NP (NP a *UNK )NP (PP in (NP (NP cases )NP (PP of (NP sharp price movements )NP )PP )NP )PP )VP )VP )S )VP , )NP (VP curb (NP (NP trading )NP (PP of (NP futures or stocks )NP )PP )NP (PP at (NP various trigger points )NP )PP )VP . )S  STOP
(S (PP At (NP (NP certain points )NP (PP during (NP the (NAC Friday the 13th )NAC drop )NP )PP )NP )PP , (NP circuit breakers )NP (VP *UNKED (PRT in )PRT (PP on (NP the futures market )NP )PP , (S (VP slowing (NP trading )NP (PP at (NP times )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP A circuit *UNK )NP (SBAR (WHNP that )WHNP (S (VP would (VP have (VP closed (PRT down )PRT (NP the New York Stock Exchange )NP )VP )VP )VP )S )SBAR )NP (VP was n't (VP *UNKED )VP )VP . )S  STOP
(S (NP (NP Rep. Edward *UNKC )NP (PRN -LRB- (NP D. )NP , (NP Mass. )NP -RRB- )PRN , (NP (NP chairman )NP (PP of (NP the House *UNKC and Finance *UNKC )NP )PP )NP , )NP (VP is (VP pushing (NP (NP the idea )NP (PP of (NP (NP a circuit *UNK )NP (PP for (NP computer-driven program trading )NP )PP )NP )PP )NP (PP in (NP hopes (SBAR (S (NP that )NP (VP would (VP curb (NP (NP `` turmoil '' )NP (PP in (NP the marketplace )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP He )NP (VP argued (SBAR that (S (NP (NP program-trading )NP (PP by (NP (QP roughly 15 )QP big institutions )NP )PP )NP (VP is (VP (VP pushing (PRT around )PRT (NP the markets )NP )VP and (VP *UNKING (NP individual investors )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Breeden )NP (VP did n't (VP reject (NP the proposal )NP )VP )VP . )S  STOP
(S (SBAR After (S (NP (NP the SEC study )NP (PP of (NP the drop )NP )PP )NP (VP is (VP completed )VP )VP )S )SBAR (PRN , (S (NP he )NP (VP said )VP )S , )PRN `` (NP I )NP (VP 'm (ADJP perfectly happy (S (VP to (VP work (PP with (NP this committee )NP )PP ... (PP in (S (VP *UNKING (SBAR whether (S (NP we )NP (VP need (NP (NP other devices )NP , '' (PP such as (NP a program-trading curb )NP )PP )NP )VP )S )SBAR )VP )S )PP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP Mr. Breeden )NP (VP backed (NP (NP most )NP (PP of (NP (NP the provisions )NP (PP in (NP (NP a *UNK- bill )NP (SBAR (WHNP that )WHNP (S (NP the SEC )NP (VP brought (PP to (NP the subcommittee )NP )PP (NP last year )NP (PP under (NP *UNK- David *UNKC )NP )PP )VP )S )SBAR )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The measure )NP (VP is (VP expected (S (VP to (VP move (PP through (NP this Congress )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S But (NP the new chairman )NP (VP (ADVP *UNKLY )ADVP opposed (NP (NP a provision )NP (PP in (NP the bill )NP )PP (SBAR (WHNP that )WHNP (S (VP would (VP give (NP the agency )NP (NP the right (S (VP to (VP close (NP the markets )NP (PP at (NP (NP times )NP (PP of (NP stress )NP )PP )NP )PP )VP )VP )S )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Mr. Breeden )NP (VP contended (SBAR that (S (NP (NP uncertainty )NP (PP over (SBAR (WHADVP when )WHADVP (S (NP the SEC )NP (VP might (VP act )VP )VP )S )SBAR )PP )NP (VP could (VP *UNK (NP (NP volatility )NP (PP in (NP the markets )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP argued (SBAR that (S (NP the current *UNK- system )NP (VP allows (S (NP investors )NP (VP to (VP know `` (SBAR (SBAR (WHADVP *UNKLY when and where )WHADVP (S (NP any trading *UNK )NP (VP will (VP occur )VP )VP )S )SBAR and (SBAR (WHADVP how long )WHADVP (S (NP they )NP (VP will (VP last )VP )VP )S )SBAR )SBAR )VP )VP )S )VP )S )SBAR )VP . '' )S  STOP
(S (NP Mr. Breeden )NP (VP offered (NP (NP strong support )NP (PP for (NP (NP two other provisions )NP (PP in (NP the bill )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP One )NP (VP would (VP force (S (NP brokerage houses )NP (VP to (VP provide (NP the SEC )NP (NP (NP detailed information )NP (PP about (NP (NP loans )NP (VP made (PP by (NP their holding companies )NP )PP )VP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP Such loans )NP (ADVP often )ADVP (VP are (VP used (S (VP to (VP finance (NP leveraged buy-outs )NP )VP )VP )S )VP )VP )S , and (S (NP the agency )NP (VP is (VP worried (SBAR that (S (NP a sharp market drop )NP (VP could (VP create (NP (NP capital problems )NP (PP for (NP the firms )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (NP He )NP (ADVP also )ADVP (VP backed (NP (NP a rule )NP (SBAR (S (VP to (VP require (S (NP large traders )NP (VP to (VP report (NP transactions )NP (PP on (NP a *UNK basis )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP That information )NP (PRN , (S (NP he )NP (VP argued )VP )S , )PRN (VP is (ADJP critical (PP to (S (VP *UNKING (NP (NP sharp market moves )NP , (PP such as (NP (NP the one )NP (ADVP (NP (QP nearly two )QP weeks )NP ago )ADVP )NP )PP )NP )VP )S )PP )ADJP )VP . )S  STOP
(S (PP In (NP (NP a rare package sale )NP (PP of (NP its real estate )NP )PP )NP )PP , (NP (NP K mart Corp. )NP , (NP (NP *UNKC )NP , (NP Mich. )NP , )NP )NP (VP has (VP sold (NP (NP 17 )NP (PP of (NP its strip shopping centers )NP )PP )NP (PP to (NP (NP a limited partnership )NP (VP led (PP by (NP New York developer Philip *UNKC )NP )PP )VP )NP )PP , (PP according (PP to (NP (NP sources )NP (ADJP familiar (PP with (NP the transaction )NP )PP )ADJP )NP )PP )PP )VP )VP . )S  STOP
(S (NP They )NP (VP estimate (NP (NP the value )NP (PP of (NP the transaction )NP )PP )NP (PP at (NP (QP close to $ 100 million )QP )NP )PP )VP . )S  STOP
(S (NP (NP K mart officials )NP and (NP Mr. *UNKC )NP )NP (VP would n't (VP comment (PP on (NP the sale )NP )PP )VP )VP . )S  STOP
(S (NP K mart )NP (ADVP previously )ADVP (VP had (VP announced (SBAR (S (NP it )NP (VP would (VP report (NP (NP its third consecutive decline )NP (PP in (NP quarterly earnings )NP )PP (PP for (NP (NP the period )NP (VP ended (NP (NP yesterday )NP , (NP (NP the same day )NP (SBAR (S (NP the real estate deal )NP (VP was (VP completed )VP )VP )S )SBAR )NP )NP )VP )NP )PP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Analysts )NP (VP are (VP *UNKING (SBAR (S (NP third-quarter earnings )NP (VP will (VP drop (NP (QP between 13 % and 20 % )QP )NP (PP to (NP (NP (QP about 50 to 55 )QP cents )NP (PP per (NP share )NP )PP , (PP compared (PP with (NP (NP 63 cents )NP (PP per (NP share )NP )PP (PP in (NP the year-ago quarter )NP )PP )NP )PP )PP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP is (ADJP unclear )ADJP (SBAR (WHNP what effect )WHNP (S (NP (NP the sale )NP (PP of (NP the shopping centers )NP )PP )NP (VP will (VP have (PP on (NP earnings )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP K mart )NP (VP developed (NP (NP the centers )NP , (SBAR (WHNP which )WHNP (S (VP range (PP in (NP size )NP )PP (PP (PP from (NP (QP about 150,000 )QP square feet )NP )PP (PP to (NP (QP just over 250,000 )QP square feet )NP )PP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Most )NP (VP are (VP *UNKED (PP by (NP a K mart store )NP )PP )VP )VP . )S  STOP
(S (NP The retailer )NP (ADVP reportedly )ADVP (VP will (VP lease (NP its stores )NP (ADVP back )ADVP (PP from (NP (NP the developer )NP , (SBAR (WHNP who )WHNP (S (VP plans (S (VP to (VP expand (NP the small centers )NP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP The centers )NP (VP *UNK (NP (NP a total )NP (PP of (NP (NP (QP about 1.6 million )QP square feet )NP (PP of (NP retail space )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP They )NP (VP (VP are (VP spread (PP around (NP the country )NP )PP )VP )VP and (VP include (NP (NP locations )NP (PP in (NP California , Florida , Washington and Arizona )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP heads (NP (NP *UNKC International Holding Corp. )NP , (NP a (ADJP New York-based )ADJP real estate company )NP )NP )VP )S )SBAR , )NP (VP owns (NP (NP (QP more than a dozen )QP other shopping centers )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP K mart )NP (VP is (NP a *UNK )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The company )NP (VP is (ADJP active )ADJP (PP in (NP (NP (UCP office and residential )UCP development )NP (PP in (NP New York )NP )PP )NP )PP )VP . )S  STOP
(S (ADVP However )ADVP , (ADVP nationally )ADVP , (NP Mr. *UNKC )NP (VP controls (PP through (NP limited partnerships )NP )PP (NP (NP (QP about 85 )QP shopping centers )NP (PP with (NP (QP about 17 million )QP square feet )NP )PP )NP )VP . )S  STOP
(S (NP K mart )NP (VP runs (NP *UNKN K mart stores )NP , (ADVP primarily )ADVP (PP in (NP leased facilities )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP (VP (ADVP typically )ADVP sells (NP (NP the centers )NP (SBAR (S (NP it )NP (VP *UNK )VP )S )SBAR )NP )VP , but (VP has (ADVP usually )ADVP (VP sold (NP (NP (QP only one )QP )NP or (NP several )NP )NP (PP at (NP a time )NP )PP )VP )VP )VP . )S  STOP
(S (NP Motorola )NP (VP is (VP fighting (ADVP back )ADVP (PP against (NP junk mail )NP )PP )VP )VP . )S  STOP
(S (NP (NP So much )NP (PP of (NP the stuff )NP )PP )NP (VP *UNKED (PP into (NP its (NAC Austin , Texas , )NAC offices )NP )PP (SBAR that (S (NP (NP its mail rooms )NP (ADVP there )ADVP )NP (ADVP simply )ADVP (VP stopped (S (VP *UNKING (NP it )NP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (ADVP Now )ADVP , (NP (NP thousands )NP (PP of (NP (NP *UNK )NP , (NP *UNK )NP and (NP sales *UNK )NP )NP )PP )NP (VP go (PP straight into (NP the *UNK )NP )PP )VP . )S  STOP
(SINV `` (S (S (NP We )NP (ADVP just )ADVP (VP do n't (VP have (NP (NP the staff )NP (SBAR (S (VP to (VP -LCB- deliver -RCB- (NP it )NP )VP )VP )S )SBAR )NP )VP )VP )S , nor (SINV do (NP we )NP (VP have (NP (NP the space )NP or (NP the time )NP )NP )VP )SINV )S , '' (VP says )VP (NP (NP a spokesman )NP (PP for (NP (NP the (NAC *UNKC , Ill. , )NAC electronics company )NP , (SBAR (WHNP which )WHNP (S (VP has (NP (NP 5,000 employees )NP (PP in (NP the Austin area )NP )PP )NP )VP )S )SBAR )NP )PP )NP . )SINV  STOP
(S `` (NP It )NP (VP 's (NP (NP (NP the *UNK problem )NP and (NP the weight problem )NP )NP (SBAR (S (NP we )NP (VP have )VP )S )SBAR )NP )VP . '' )S  STOP
(S (NP Motorola )NP (VP is (PP in (NP good company )NP )PP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP across (NP the country )NP )PP )NP (VP are (VP getting (ADJP fed (PRT up )PRT (PP with (NP junk mail )NP )PP )ADJP )VP )VP )S , and (S (NP some )NP (VP are (VP saying (SBAR (S (NP they )NP (ADVP just )ADVP (VP are n't (VP going (S (VP to (VP take (NP it )NP (ADVP anymore )ADVP -- (ADVP literally )ADVP )VP )VP )S )VP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (SBAR While (S (NP no one )NP (VP has (VP *UNKED (SBAR (WHNP (WHADJP how many )WHADJP company mail rooms )WHNP (S (VP throw (PRT out )PRT (NP junk mail )NP )VP )S )SBAR )VP )VP )S )SBAR , (NP *UNK- advertising firms )NP (VP say (SBAR (S (NP the number )NP (VP is (VP growing )VP )VP )S )SBAR )VP . )S  STOP
(S (NP General Motors )NP (NP earlier this year )NP (VP said (SBAR (S (NP it )NP (VP would n't (VP deliver (NP (NP bulk mail )NP or (NP free magazines )NP )NP (PP in (NP its (NAC *UNKC , Mich. , )NAC office )NP )PP )VP )VP )S )SBAR , (SBAR while (S (NP (NP Air Products & *UNKC )NP , (NP (NP *UNKC )NP , (NP Pa. )NP )NP , )NP (VP says (SBAR (S (NP it )NP (VP (VP screens (NP junk mail )NP )VP and (VP (ADVP often )ADVP *UNK (PRT out )PRT (NP (NP most )NP (PP of (NP a given mass *UNKING )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(FRAG (WHADVP Why )WHADVP (NP the *UNK )NP ? )FRAG  STOP
(UCP (S (NP (NP *UNKC )NP (PP with (NP a *UNK )NP )PP )NP (VP can (VP answer (NP that )NP )VP )VP )S : (NP *UNK , overwhelming , *UNKING volume )NP . )UCP  STOP
(S (PP According (PP to (NP the *UNKC Marketing Association )NP )PP )PP , (NP (NP total direct mail )NP (PRN -- (PP to (NP both businesses and consumers )NP )PP -- )PRN )NP (VP jumped (NP 50 % )NP (PP to (NP (QP *UNKN billion )QP pieces )NP (PP in (NP 1988 )NP )PP )PP (PP from (ADVP (NP five years )NP earlier )ADVP )PP )VP . )S  STOP
(S (SBAR Though (S (NP (NP direct mail )NP (PP to (NP businesses )NP )PP )NP (VP is n't (VP broken (PRT out )PRT (ADVP separately )ADVP )VP )VP )S )SBAR , (NP the association )NP (VP says (SBAR (S (NP it )NP (VP 's (VP growing (ADVP even faster )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNK )NP (VP has (VP *UNKED (NP *UNK- companies )NP (PP to (NP action )NP )PP , (PP with (S (NP mail rooms )NP (VP (VP throwing (NP the stuff )NP (PRT out )PRT )VP (CONJP rather than )CONJP (VP taking (NP the time or money )NP (S (VP to (VP deliver (NP it )NP )VP )VP )S )VP )VP )S )PP )VP )VP . )S  STOP
(S (NP The *UNK- industry )NP , (ADVP not surprisingly )ADVP , (VP is (VP *UNKING (PP at (NP (NP the *UNK )NP (PP of (NP (NP it )NP (NP all )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP After (NP all )NP )PP , (NP this )NP (VP is (NP (NP the industry )NP (SBAR (SBAR (WHNP that )WHNP (S (VP has (S (NP a (ADJP hard enough )ADJP time )NP (VP getting (NP any respect )NP )VP )S )VP )S )SBAR , (SBAR (WHNP that )WHNP (S (VP is (NP (NP the *UNK )NP (PP of (NP (NP (ADJP so many )ADJP *UNK )NP (SBAR that (S (NP (NP television 's )NP `` (NX *UNKC Law )NX '' )NP (VP *UNK (NP *UNK- David )NP (PP as (ADJP (ADJP short )ADJP , (ADJP *UNK )ADJP , (ADJP *UNKLY *UNK )ADJP , and (ADJP *UNKLY *UNKING )ADJP )ADJP )PP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )SBAR )NP )VP . )S  STOP
(SINV (S (S (NP (NP The practice )NP (PP of (S (NP businesses )NP (VP throwing (PRT out )PRT (NP junk mail )NP )VP )S )PP )NP `` (VP is (NP a (ADJP *UNKLY known )ADJP problem )NP )VP )S , and (S (NP it )NP (VP 's (VP increasing (SBAR as (S (NP companies )NP (VP attempt (S (VP to (VP put (PRT through )PRT (NP (NP budget cuts )NP (PP across (NP the board )NP )PP , '' (ADVP right down (PP to (NP the *UNK- level )NP )PP )ADVP )NP )VP )VP )S )VP )S )SBAR )VP )VP )S )S , (VP says )VP (NP (NP Stephen *UNKC )NP , (NP a (NX (NX list consultant )NX and (NX (NX chairman )NX (PP of (NP (NP the *UNKC Marketing Association 's )NP *UNK- council )NP )PP )NX )NX )NP )NP . )SINV  STOP
(S `` But (NP it )NP (VP 's (PP like (S (VP *UNKING (NP (NP the hand )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP them )NP )VP )S )SBAR )NP )VP )S )PP , (SBAR because (S (NP (NP every one )NP (PP of (NP these companies )NP )PP )NP (VP uses (NP direct marketing )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP It )NP )NP (VP 's (ADJP almost impossible )ADJP (S (VP to (VP track (NP (NP the number )NP (PP of (NP (NP companies )NP (VP *UNKING (NP junk mail )NP )VP )NP )PP )NP )VP )VP )S , (SBAR since (S (NP the decision )NP (VP is (ADVP usually )ADVP (VP made (PP in (NP (NP the mail room )NP (PRN -- not (NP the board room )NP )PRN )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S And (NP the practice )NP (ADVP often )ADVP (VP *UNK (PP (PP from (NP location )NP )PP (PP to (NP location )NP )PP )PP (PP even within (NP a company )NP )PP )VP . )S  STOP
(S But (NP industry executives )NP (VP say (SBAR (S (NP businesses )NP (VP seem (ADJP especially inclined (S (VP to (VP dump (NP (NP *UNK )NP (VP sent (PP (PP to (NP *UNK )NP )PP (CONJP rather than )CONJP (PP to (NP individual names )NP )PP )PP )VP )NP )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Motorola 's )NP Austin operation )NP (VP was (NP (NP one )NP (PP of (NP (NP the first )NP (SBAR (S (VP to (VP lose (NP *UNK )NP )VP )VP )S )SBAR )NP )PP )NP , (S (VP deciding (ADVP (NP a few years )NP ago )ADVP (S (VP to (VP junk (NP (NP any bulk mail )NP (SBAR (WHNP that )WHNP (S (VP was n't (VP addressed (PP to (NP an individual )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP )S )VP . )S  STOP
(S (S (NP *UNKC )NP (VP are n't (VP delivered (ADVP at all )ADVP , (SBAR even if (S (NP (NP an individual 's )NP name )NP (VP is (VP listed )VP )VP )S )SBAR )VP )VP )S ; (S (NP (NP employees )NP (SBAR (WHNP who )WHNP (S (VP want (NP their magazines )NP )VP )S )SBAR )NP (VP (VP have (S (VP to (VP pick (NP them )NP (PRT up )PRT (PP from (NP (NP the mail room )NP or (NP the company *UNK )NP )NP )PP )VP )VP )S )VP -- and (VP are (VP told (S (VP to (VP change (NP the *UNK )NP (PP to (NP their home *UNK )NP )PP )VP )VP )S )VP )VP )VP )S . )S  STOP
(S (PP At (NP Air Products )NP )PP , (ADVP meanwhile )ADVP , (NP the *UNK staff )NP (VP (VP *UNK (NP junk mail )NP )VP and (VP (ADVP often )ADVP *UNK (NP it )NP (PRT away )PRT )VP -- (SBAR even if (S (VP addressed (PP to (NP an individual )NP )PP )VP )S )SBAR )VP . )S  STOP
(S `` (S (SBAR If (S (NP they )NP (VP get (NP (NP 50 *UNK )NP (PP of (NP something )NP )PP )NP )VP )S )SBAR , (NP they )NP (VP (VP open (NP one )NP )VP , (VP see (SBAR (WHNP what )WHNP (S (NP it )NP (VP says )VP )S )SBAR )VP , (VP throw (NP 48 )NP (PRT away )PRT )VP and (VP send (NP two )NP (PP to (NP (NP people or departments )NP (SBAR (S (NP they )NP (VP think (S (VP are (ADJP appropriate )ADJP )VP )S )VP )S )SBAR )NP )PP )VP )VP )S , '' (NP a spokesman )NP (VP says )VP . )S  STOP
(S (NP *UNKC marketers )NP (VP were (ADJP especially *UNKED )ADJP (SBAR (WHADVP when )WHADVP (S (NP (NP General Motors )NP (PRN -- (NP (NP (NP one )NP (PP of (NP (NP the country 's )NP largest companies )NP )PP )NP and (NP (NP a big *UNK- user )NP (NP itself )NP )NP )NP -- )PRN )NP (VP entered (NP the *UNK- battle )NP )VP )S )SBAR )VP . )S  STOP
(S (PP As (PP of (NP March 1 )NP )PP )PP , (NP (NP its *UNKC office )NP , (PP with (NP (QP about *UNKN )QP employees )NP )PP , )NP (VP stopped (S (VP *UNKING (NP (NP bulk mail )NP and (NP *UNK- magazines )NP )NP )VP )S )VP . )S  STOP
(S (NP Employees )NP (VP were (VP told (SBAR that (S (SBAR if (S (NP they )NP (ADVP really )ADVP (VP wanted (NP the publications )NP )VP )S )SBAR , (NP they )NP (VP would (VP have (S (VP to (VP have (S (NP them )NP (VP sent (ADVP home )ADVP (ADVP instead )ADVP )VP )S )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(NP (NP The reason )NP : (NP (NP *UNK )NP , (PP especially of (NP *UNK- magazines )NP )PP )NP . )NP  STOP
(S (NP *UNKC executives )NP (VP see (NP (NP GM 's )NP stand )NP (PP as (NP an *UNK sign )NP )PP -- (SBAR even if (S (NP the *UNK- *UNK )NP (VP did (VP bring (NP it )NP (PP on (NP themselves )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (FRAG (SBAR (WHADVP Why )WHADVP (S (NP anyone )NP (VP would (VP want (S (VP to (VP close (NP themselves )NP (PRT off )PRT -LCB- (PP from (NP direct mail )NP )PP -RCB- )VP )VP )S )VP )VP )S )SBAR , (ADVP a *UNK )ADVP , (VP does n't (VP make (NP any sense )NP )VP )VP )FRAG , '' (VP says )VP (NP (NP Michael *UNKC )NP (PP of (NP (NP *UNKC *UNKC Associates )NP , (NP a Boston *UNK firm )NP )NP )PP )NP . )SINV  STOP
(S `` (NP It )NP (VP *UNK (PP of (NP big *UNK )NP )PP )VP . )S  STOP
(S (NP They )NP (VP 're (VP going (S (VP to (VP decide (SBAR (WHNP what )WHNP (S (NP their employees )NP (VP (VP can )VP or (VP can not )VP (VP read )VP )VP )S )SBAR )VP )VP )S )VP )VP . '' )S  STOP
(S (NP The practice )NP (VP is , (ADVP however )ADVP , (ADJP legal )ADJP (PP in (NP most cases )NP )PP )VP . )S  STOP
(S (S (NP (NP Jack *UNKC )NP , (NP (NP a U.S. *UNK *UNK )NP (PP in (NP New York )NP )PP )NP , )NP (VP says (SBAR (S (NP (NP the *UNKC Service 's )NP only job )NP (VP is (S (VP to (VP deliver (NP the mail )NP (PP to (NP the mail room )NP )PP )VP )VP )S )VP )S )SBAR )VP )S ; (S (SBAR once (S (NP it )NP (VP gets (ADVP there )ADVP )VP )S )SBAR , (NP a company )NP (VP can (VP do (PP with (NP it )NP )PP (SBAR (WHNP what )WHNP (S (NP it )NP (VP *UNK )VP )S )SBAR )VP )VP )S . )S  STOP
(S (NP The *UNK- *UNK )NP , (S (ADVP ever )ADVP (ADJP optimistic )ADJP )S , (VP are (VP looking (PP for (NP (NP ways )NP (PP around (NP the problem )NP )PP )NP )PP )VP )VP . )S  STOP
(S (ADVP So far )ADVP (PRN , (S (NP they )NP (VP say )VP )S , )PRN (NP it )NP (VP has n't (VP had (NP (NP any *UNK effect )NP (PP on (NP response rates )NP )PP )NP )VP )VP . )S  STOP
(S And (SBAR before (S (NP it )NP (VP does )VP )S )SBAR , (NP they )NP (VP 're (VP trying (S (VP to (VP cut (ADVP back )ADVP (PP on (NP (NP the clutter )NP (SBAR (WHNP that )WHNP (S (VP created (NP the situation )NP (PP in (NP the first place )NP )PP )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (PP Among (NP other things )NP )PP , (NP the industry )NP (VP is (VP trying (S (VP to (VP come (PRT up )PRT (PP with (NP (NP *UNKED business lists )NP (SBAR (WHNP that )WHNP (S (VP cut (PRT down )PRT (PP on (NP *UNK )NP )PP )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP 're (VP going (S (VP to (VP have (S (VP to (VP mail (ADVP (ADVP (NP a lot )NP less )ADVP and (ADVP (NP a lot )NP *UNK )ADVP )ADVP )VP )VP )S )VP )VP )S )VP )VP )S , '' (VP says )VP (NP (NP Jack Miller )NP , (NP (NP president )NP (PP of (NP (NP *UNKC Corp. )NP , (NP a (NAC *UNKC , Ill. , )NAC *UNK- *UNK- company )NP )NP )PP )NP )NP . )SINV  STOP
(S But (ADVP then again )ADVP , (S (VP *UNKING (ADVP (ADVP less )ADVP and (ADVP *UNK )ADVP )ADVP )VP )S (VP wo n't (VP be (NP much help )NP (SBAR if (S (NP the mail )NP (VP ends (PRT up )PRT (PP in (NP the *UNK )NP )PP (ADVP anyway )ADVP )VP )S )SBAR )VP )VP . )S  STOP
(NP New Hyundai *UNKC )NP  STOP
(S (NP Hyundai Motor America )NP , (S (VP fighting (NP (NP quality complaints )NP , (NP declining sales )NP and (NP management turmoil )NP )NP )VP )S , (NP yesterday )NP (VP unveiled (NP (NP its 1990 ad strategy )NP , (VP *UNKED (S `` (S (NP We )NP (VP 're (VP *UNKING (NP (NP More *UNKC )NP (PP *UNKC (ADVP *UNKC )ADVP )PP )NP )VP )VP )S )S )VP )NP )VP . '' )S  STOP
(S (NP (NP The ad campaign )NP , (VP created (PP by (NP (NP Saatchi & Saatchi 's )NP Backer Spielvogel Bates agency )NP )PP )VP , )NP (VP is (NP (NP an extension )NP (PP of (NP (NP (NP the auto company 's )NP `` (NAC *UNKC (SBAR (WHNP That )WHNP (S (VP *UNKC (NP *UNKC )NP )VP )S )SBAR )NAC '' campaign )NP , (SBAR (WHNP which )WHNP (S (VP emphasized (NP *UNK )NP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP (NP TV ads )NP (VP *UNKING (NP (NP (NP the company 's )NP new *UNKC *UNKC )NP and (NP its *UNK- *UNKC *UNK )NP )NP )VP )NP (VP will (VP begin (VP appearing (NP Monday )NP )VP )VP )VP . )S  STOP
(S (S (NP One spot )NP (VP shows (NP (NP a *UNKC )NP (ADVP next (PP to (NP a rival *UNKED car )NP )PP )ADVP )NP )VP )S , and (S (NP an *UNK )NP (VP says , `` (S (VP *UNKC (PP to (SBAR (WHNP what )WHNP (S (NP they )NP (VP 're (VP saying (PP about (NP the Hyundai *UNKC )NP )PP )VP )VP )S )SBAR )PP )VP )S )VP )S . '' )S  STOP
(S (SBAR As (S (NP the *UNK )NP (VP *UNK (NP (NP favorable quotes )NP (PP about (NP the model )NP )PP (PP from (NP Motor *UNKC and *UNKC & *UNKC magazines )NP )PP )NP )VP )S )SBAR , (NP (NP the other car )NP , (SBAR (WHNP which )WHNP (S (VP is (ADJP white )ADJP )VP )S )SBAR , )NP (VP (ADVP slowly )ADVP turns (ADJP green )ADJP )VP . )S  STOP
(S `` (NP No wonder (SBAR (S (NP the competition )NP (VP 's (ADJP green (PP with (NP *UNK )NP )PP )ADJP )VP )S )SBAR )NP , '' (NP the *UNK )NP (VP says )VP . )S  STOP
(NP Ad Notes ... . )NP  STOP
(NP *UNKC : )NP  STOP
(S (NP (NP *UNKC )NP , (VP formed (PP by (NP (NP the merger )NP (PP of (NP (NP Eurocom )NP and (NP Della Femina *UNKC WCRS )NP )NP )PP )NP )PP )VP , )NP (VP said (SBAR (S (NP it )NP (VP agreed (S (VP to (VP buy (NP (NP *UNKC )NP , (NP (NP an agency )NP (PP in (NP *UNKC )NP )PP )NP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Terms )NP (VP were n't (VP disclosed )VP )VP . )S  STOP
(NP *UNKC *UNKC : )NP  STOP
(S (NP Seagram )NP (VP will (VP run (NP (NP two *UNK ads )NP )NP (PP in (NP December magazines )NP )PP (VP promoting (NP its Chivas *UNKC and *UNKC Royal brands )NP )VP )VP )VP . )S  STOP
(S (NP The Chivas ad )NP (VP *UNK (PRN -- (PP via (NP (NP a series )NP (PP of (NP *UNK )NP )PP )NP )PP -- )PRN (NP (NP the wild reactions )NP (PP from (NP the pool man , *UNK and others )NP )PP (SBAR if (S not (VP given (NP Chivas )NP (PP for (NP Christmas )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The *UNK- *UNKC Royal ad )NP (VP features (NP (NP (NP a *UNK- shot )NP (PP of (NP a boring holiday party )NP )PP )NP -- and (NP (NP a set )NP (PP of (NP (NP *UNK *UNK )NP (SBAR (WHPP with (WHNP which )WHNP )WHPP (S (NP readers )NP (VP can (VP dress (NP it )NP (PRT up )PRT )VP )VP )S )SBAR )NP )PP )NP )NP )VP . )S  STOP
(S (NP Both ads )NP (VP were (VP designed (PP by (NP (NP *UNKC 's )NP *UNKC *UNKC agency )NP )PP )VP )VP . )S  STOP
(S (NP (NP Senate Democrats )NP (SBAR (WHNP who )WHNP (S (VP favor (S (VP cutting (NP the capital-gains tax )NP )VP )S )VP )S )SBAR )NP (VP are n't (ADJP ready (S (VP to (VP line (PRT up )PRT (PP behind (NP the leading Senate proposal )NP )PP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP Their reluctance (S (VP to (VP support (NP the proposal )NP )VP )VP )S )NP (VP is (NP (NP another blow )NP (PP to (NP (NP the capital-gains cut )NP , (SBAR (WHNP which )WHNP (S (VP has (VP had (NP a *UNK- existence )NP (PP since (NP (NP the beginning )NP (PP of (NP the year )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP (VP was (VP considered (S (ADJP dead )ADJP )S )VP )VP and (VP (ADVP then )ADVP (VP (ADVP suddenly )ADVP revived )VP and (VP was (VP passed (PP by (NP the House )NP )PP )VP )VP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (ADVP Nevertheless )ADVP , (NP (NP Oregon Sen. Bob Packwood )NP , (NP (NP the ranking GOP member )NP (PP on (NP the *UNKING Senate Finance Committee )NP )PP )NP , )NP (NP last night )NP (VP introduced (NP his plan )NP (PP as (NP (NP an amendment )NP (PP to (NP (NP a pending measure )NP (VP *UNKING (NP (NP U.S. aid )NP (PP for (NP Poland and Hungary )NP )PP )NP )VP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Senate Majority Leader George Mitchell )NP (PRN -LRB- (NP D. )NP , (NP Maine )NP -RRB- )PRN )NP (VP was (ADJP confident (SBAR (S (NP he )NP (VP had (NP enough votes )NP (S (VP to (VP block (NP the maneuver )NP (PP on (NP procedural grounds )NP )PP , (PRN (ADVP perhaps )ADVP (ADVP (ADVP as soon )ADVP (PP as (NP today )NP )PP )ADVP )PRN )VP )VP )S )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP Mr. Packwood )NP (ADVP all but )ADVP (VP conceded (NP defeat )NP , (S (VP telling (NP Mr. Mitchell )NP : `` (S (NP I )NP (VP sense (PP at (NP this stage )NP )PP (SBAR (S (NP you )NP (VP may (VP have (NP the votes )NP )VP )VP )S )SBAR )VP )S )VP )S )VP . '' )S  STOP
(S (NP The two lawmakers )NP (VP *UNKED (PP in (NP a highly personal fashion )NP )PP , (S (VP *UNKING (NP usual Senate *UNK )NP )VP )S )VP . )S  STOP
(S (NP Their tone )NP (VP was (ADJP *UNKED )ADJP , (PP with (S (S (NP Mr. Packwood )NP (VP saying (SBAR (S (NP he )NP (VP intended (S (VP to (VP offer (NP the proposal )NP (ADVP again and again )ADVP (PP on (NP future legislation )NP )PP )VP )VP )S )VP )S )SBAR )VP )S and (S (NP Sen. Mitchell )NP (VP saying (SBAR (S (NP he )NP (VP intended (S (VP to (VP use (NP procedural means )NP (S (VP to (VP block (NP it )NP (ADVP again and again )ADVP )VP )VP )S )VP )VP )S )VP )S )SBAR )VP )S )S )PP )VP . )S  STOP
(S (SBAR Although (S (NP (NP the proposal )NP , (VP *UNKED (PP by (NP (NP Mr. Packwood )NP and (NP (NP Sen. William *UNKC )NP (PRN -LRB- (NP R. )NP , (NP *UNKC )NP )PRN -RRB- )NP )NP )PP )VP , )NP (VP appears (S (VP to (VP have (NP (NP general backing )NP (PP by (NP Republicans )NP )PP )NP )VP )VP )S )VP )S )SBAR , (NP their votes )NP (VP are n't (ADJP sufficient (S (VP to (VP pass (NP it )NP )VP )VP )S )ADJP )VP . )S  STOP
(S And (NP (NP Democrats )NP , (SBAR (WHNP who )WHNP (S (VP are (PP under (NP (NP increasing pressure )NP (PP from (NP their leaders )NP )PP (S (VP to (VP reject (NP the *UNK- cut )NP )VP )VP )S )NP )PP )VP )S )SBAR , )NP (VP are (VP finding (NP reasons (S (VP to (VP say (NP no )NP , (PRN (ADVP at least )ADVP (PP for now )PP )PRN )VP )VP )S )NP )VP )VP . )S  STOP
(S (NP A major reason )NP (VP is (SBAR that (S (NP they )NP (VP believe (SBAR (S (NP the *UNKC plan )NP (VP would (VP lose (NP (NP *UNK )NP (PP of (NP revenue )NP )PP )NP (PP over (NP the long run )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNKC proposal )NP (VP would (VP reduce (NP the tax )NP (PP depending (PP on (SBAR (WHADVP how long )WHADVP (S (NP an asset )NP (VP was (VP held )VP )VP )S )SBAR )PP )PP )VP )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP would (VP create (NP (NP a new individual retirement account )NP (SBAR (WHNP that )WHNP (S (VP would (VP shield (PP from (NP taxation )NP )PP (NP (NP the appreciation )NP (PP on (NP (NP investments )NP (VP made (PP for (NP (NP a wide variety )NP (PP of (NP purposes )NP )PP , (PP including (NP (NP retirement )NP , (NP medical expenses )NP , (NP *UNK- purchases )NP and (NP tuition )NP )NP )PP )NP )PP )VP )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(SINV `` (S (NP (NP A number )NP (PP of (NP us )NP )PP )NP (VP are not (VP going (S (VP to (VP touch (NP (NP capital gains )NP , (NP IRAs )NP or (NP anything else )NP )NP (SBAR unless (S (NP it )NP (VP *UNK (PP to (NP deficit-reduction )NP )PP )VP )S )SBAR )VP )VP )S )VP )VP )S , '' (VP said )VP (NP (NP Sen. Charles *UNKC )NP (PRN -LRB- (NP D. )NP , (NP Va. )NP -RRB- )PRN , (SBAR (WHNP who )WHNP (S (VP is (NP (NP one )NP (PP of (NP (NP the (QP 10 to 20 )QP Democrats )NP (SBAR (WHNP who )WHNP (S (NP the Bush administration )NP (VP believes (SBAR (S (VP might (VP favor (S (VP giving (NP *UNK treatment )NP (PP to (NP capital gains )NP )PP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )NP . )SINV  STOP
(S (NP President Bush )NP (VP has (VP been (VP hearing (NP (NP this kind )NP (PP of (NP opposition )NP )PP )NP (ADVP first hand )ADVP (PP during (NP (NP meetings )NP (PP over (NP the past two days )NP )PP (PP with (NP Democratic senators )NP )PP (PP at (NP the White House )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S And (PP at (NP (NP a *UNK meeting )NP (NP Tuesday )NP (PP of (NP Democratic senators )NP )PP )NP )PP , (NP there )NP (VP was (NP (NP *UNK opposition )NP (PP to (S (VP cutting (NP the capital-gains tax )NP (NP this year )NP )VP )S )PP )NP , (PP according (PP to (NP participants )NP )PP )PP )VP . )S  STOP
(S (NP The trend )NP (VP is (VP making (S (NP (NP advocates )NP (PP of (NP the tax cut )NP )PP )NP (ADJP less optimistic (PP about (NP success )NP )PP )ADJP )S )VP )VP . )S  STOP
(SINV `` (S (NP There )NP (VP is (NP (NP a *UNK- shot )NP (PP of (S (VP getting (NP it )NP (NP this year )NP )VP )S )PP )NP )VP )S , '' (VP said )VP (NP (NP (NP Sen. David Boren )NP (PP of (NP Oklahoma )NP )PP )NP , (NP (NP a leading Democratic *UNK )NP (PP of (S (VP cutting (NP the capital-gains tax )NP )VP )S )PP )NP )NP . )SINV  STOP
(S (NP He )NP (VP called (S (NP the battle )NP `` (ADJP *UNK )ADJP )S )VP . '' )S  STOP
(S (NP (NP Other Democrats )NP (SBAR (WHNP who )WHNP (S (VP favor (NP a capital-gains cut )NP )VP )S )SBAR )NP (VP are (ADJP even more pessimistic )ADJP )VP . )S  STOP
(SINV `` (S (NP There )NP (VP will (VP be (NP no capital-gains bill )NP (NP this year )NP )VP )VP )S , '' (VP said )VP (NP (NP Sen. *UNKC *UNKC )NP (PRN -LRB- (NP D. )NP , (NP *UNKC . )NP -RRB- )PRN )NP . )SINV  STOP
(S `` (NP I )NP (VP 'm (ADVP probably not )ADVP (VP going (S (VP to (VP vote (PP for (NP any capital-gains proposal )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The IRA portion )NP (PRN -LRB- (PP of (NP the *UNKC plan )NP )PP -RRB- )PRN )NP (VP is (ADJP irresponsible )ADJP )VP . '' )S  STOP
(S (NP (NP Another significant factor )NP (PP in (NP the *UNK debate )NP )PP )NP (VP is (NP (NP the extent )NP (SBAR (WHPP to (WHNP which )WHNP )WHPP (S (NP it )NP (VP has (VP become (NP (NP a (ADJP *UNKLY political )ADJP battle )NP (PP between (NP (NP President Bush )NP and (NP Senate Majority Leader Mitchell )NP )NP )PP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Mr. Mitchell )NP (VP has (VP made (S (ADJP clear (PP to (NP his *UNKING colleagues )NP )PP )ADJP (SBAR that (S (NP the issue )NP (VP is (ADJP important (PP to (NP (NP him )NP (ADVP personally )ADVP )NP )PP )ADJP )VP )S )SBAR )S )VP )VP . )S  STOP
(S (NP Today )NP , (NP (NP Sen. Mitchell )NP and (NP other leading Democrats )NP )NP (VP plan (S (VP to (VP turn (PRT up )PRT (NP the heat )NP (ADVP again )ADVP (PP by (S (VP holding (NP a news conference )NP (S (VP to (VP *UNK (NP the proposal )NP )VP )VP )S )VP )S )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC )NP (VP requested (PP by (NP Sen. Mitchell )NP )PP (PP from (NP the Congressional *UNKC *UNKC Committee )NP )PP )VP )NP (VP show (SBAR that (S (NP the *UNK 100 taxpayers )NP (VP got (NP (NP an average benefit )NP (PP from (NP the capital-gains *UNK )NP )PP (PP of (NP (NP (QP $ 13 million )QP )NP (NP each )NP )NP )PP )NP (PP in (NP (NP 1985 )NP , (NP (NP the last year )NP (SBAR (WHPP for (WHNP which )WHNP )WHPP (S (NP figures )NP (VP are (ADJP available )ADJP )VP )S )SBAR )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP White House officials )NP (VP acknowledged (NP yesterday )NP (SBAR that (S (NP Democrats )NP (ADVP still )ADVP (VP are (ADJP reluctant (S (VP to (ADVP publicly )ADVP (VP *UNK (NP (NP support )NP (PP for (NP the *UNKC capital gains proposal )NP )PP )NP )VP )VP )S )ADJP (SBAR because (S (NP they )NP (VP are (ADJP *UNK (S (VP to (VP *UNK (NP Sen. Mitchell )NP )VP )VP )S )ADJP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP As (NP a result )NP )PP , (NP the officials )NP (VP said (SBAR (S (NP they )NP (VP are (ADJP open (PP to (S (VP making (NP (NP a variety )NP (PP of (NP (NP deals )NP (PP with (NP Senate Democrats )NP )PP )NP )PP )NP (S (VP to (VP win (NP (NP their support )NP (PP for (NP a capital-gains tax cut )NP )PP )NP )VP )VP )S )VP )S )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Democrats )NP (VP asked (PRT in )PRT (NP this week )NP (PP for (NP (NP discussions )NP (PP with (NP President Bush )NP )PP )NP )PP )VP )NP (VP have (VP suggested (NP (NP ways )NP (PP of (S (VP `` *UNKING '' (PP with (NP the *UNKC proposal )NP )PP )VP )S )PP )NP , (S (VP suggesting (NP (NP an interest )NP (PP in (S (VP looking (PP for (NP (NP a *UNKED version )NP (SBAR (S (NP they )NP (VP can (VP back )VP )VP )S )SBAR )NP )PP )VP )S )PP )NP )VP )S )VP )VP )S , (NP one official )NP (VP said )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP White House aides )NP (VP think (SBAR that (S (NP there )NP (VP are (NP (NP (NP numerous other important measures )NP (SBAR (S (NP Democrats )NP (ADVP badly )ADVP (VP wanted (S (VP passed )VP )S )VP )S )SBAR )NP (PRN -- (PP such as (NP (NP the *UNKING back )NP (PP of (NP (NP a controversial catastrophic health-care plan )NP (PP for (NP the elderly )NP )PP )NP )PP )NP )PP -- )PRN (SBAR (WHNP that )WHNP (S (VP might (VP provide (NP the president )NP (NP (NP leverage )NP (PP in (S (VP cutting (NP (NP deals )NP (PP with (NP Democrats )NP )PP )NP )VP )S )PP )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP A capital-gains tax cut )NP (VP might (VP be (VP *UNKED (PP with (NP such measures )NP )PP (S (VP to (VP help (S (VP ensure (NP passage )NP )VP )S )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP Other possibilities )NP (VP include (NP (NP a *UNK- initiative )NP and (NP (NP an increase )NP (PP in (NP the minimum wage )NP )PP )NP )NP )VP . )S  STOP
(S (SBAR If (S (NP they )NP (VP ca n't (VP secure (NP (NP immediate passage )NP (PP of (NP a capital-gains plan )NP )PP )NP )VP )VP )S )SBAR , (NP administration officials )NP (ADVP also )ADVP (VP are n't (VP ruling (PRT out )PRT (S (VP making (NP a deal )NP (PP with (NP Congress )NP )PP (S (VP to (VP put (PRT off )PRT (NP a vote )NP (PP until (NP (NP (NP a firm date )NP (PP in (NP the future )NP )PP )NP , (NP even next year )NP )NP )PP )VP )VP )S )VP )S )VP )VP . )S  STOP
(S But (NP the officials )NP (VP insist (SBAR that (S (NP (NP such a deal )NP (PP on (NP a future vote )NP )PP )NP (VP would (VP have (S (VP to (VP apply (PP to (NP both (NP the House )NP and (NP the Senate )NP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Gerald F. *UNKC )NP (VP contributed (PP to (NP this article )NP )PP )VP . )S  STOP
(S (NP Japanese *UNK authorities )NP (VP said (SBAR (S (NP they )NP (VP found (NP (QP *UNKN more )QP Chinese )NP (PP among (NP *UNKC *UNK people )NP )PP , (S (VP bringing (NP (NP the number )NP (PP of (NP (NP Chinese )NP (VP trying (S (VP to (VP enter (NP Japan )NP (PP by (S (VP *UNKING (PP as (NP Vietnamese refugees )NP )PP )VP )S )PP (NP this year )NP )VP )VP )S )VP )NP )PP )NP (PP to (NP *UNKN )NP )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP Japan )NP (VP (VP plans (S (VP to (VP send (NP the Chinese )NP (ADVP back home )ADVP )VP )VP )S )VP and (VP is (VP negotiating (PP with (NP the Chinese government )NP )PP )VP )VP )VP )S , (NP a Justice Ministry official )NP (VP said )VP . )S  STOP
(S (S (NP The Chinese )NP (VP were (PP among (NP (NP *UNKN *UNK people )NP (PP *UNKLY from (NP Vietnam )NP )PP (SBAR (WHNP who )WHNP (S (VP arrived (PP in (NP Japan )NP )PP (NP this year )NP )VP )S )SBAR , (PP compared (PP with (NP (NP *UNKN )NP (PP for (NP (NP all )NP (PP of (NP 1988 )NP )PP )NP )PP )NP )PP )PP )NP )PP )VP )S , (NP the official )NP (VP said )VP . )S  STOP
(S (S (NP (NP The *UNKN Chinese )NP , (SBAR (WHNP who )WHNP (S (VP have (VP been (PP in (NP a *UNK- center )NP )PP )VP )VP )S )SBAR , )NP (VP were (VP sent (PP to (NP *UNK facilities )NP )PP (NP yesterday )NP (PP pending (NP (NP *UNK )NP (PP to (NP China )NP )PP )NP )PP )VP )VP )S , (NP the official )NP (VP said )VP . )S  STOP
(S (PP On (NP Sept. 13 )NP )PP , (NP Japan )NP (VP began (NP (NP a policy )NP (PP of (S (VP *UNKING (NP boat people )NP )VP )S )PP )NP , (S (VP accepting (NP (NP only those )NP (ADJP *UNKED (S (VP to (VP be (NP political refugees )NP )VP )VP )S )ADJP )NP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP *UNK- former deputy director )NP (PP of (NP (NP France 's )NP *UNK )NP )PP )NP , )NP (VP faces (NP prison )NP (PP for (NP (NP her theft )NP (PP of (NP (QP some 67 )QP rare coins )NP )PP (PP from (NP (NP the *UNK 's )NP *UNK )NP )PP )NP )PP )VP . )S  STOP
(S (S (ADJP Second (PP in (NP command )NP )PP )ADJP (PP (PP from (NP 1979 )NP )PP (PP to (NP 1984 )NP )PP )PP )S , (NP Mrs. *UNKC )NP (VP told (NP a Paris court )NP (SBAR that (S (NP (NP the `` great *UNK '' )NP (SBAR (WHNP that )WHNP (S (VP *UNKED (PP at (NP the agency )NP )PP )VP )S )SBAR )NP (VP led (NP her )NP (PP into (NP *UNK )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP Before (NP (NP an inventory )NP (PP in (NP 1984 )NP )PP (SBAR (WHNP that )WHNP (S (VP showed (NP (NP the `` *UNK '' )NP (PP of (NP (NP *UNKN coins )NP (VP valued (PP at (NP (NP (QP about 2.9 million )QP French francs )NP (PRN -LRB- (NP (QP about $ *UNKN )QP )NP -RRB- )PRN )NP )PP )VP )NP )PP )NP )VP )S )SBAR )NP )PP , (NP there )NP (VP had n't (VP been (NP any *UNKING )NP (PP since (NP *UNKN )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC Lambert )NP , (NP (NP Mrs. *UNKC 's )NP successor )NP , )NP (VP says (SBAR (S (NP (NP (NP the *UNK 's )NP losses )NP (PP from (NP the theft )NP )PP )NP (VP run (PP into (NP (NP the hundreds )NP (PP of (NP thousands )NP )PP (PP of (NP francs )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP El *UNKC )NP (VP is (VP *UNKING (NP (NP (QP more than 1.6 million )QP pounds )NP (PP of (NP (NP food )NP (SBAR (WHNP that )WHNP (S (VP had (VP *UNKED (PP in (NP government *UNK )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S , (NP government officials )NP (VP said )VP . )S  STOP
(S (S (NP The state *UNKLY *UNKC Institute )NP (VP is (S (VP to (VP *UNK (NP (NP rice , corn and *UNK )NP (SBAR (WHNP that )WHNP (S (VP *UNKED (PP because of (NP (NP *UNK and corruption )NP (PP in (NP the previous Christian Democrat government )NP )PP )NP )PP )VP )S )SBAR )NP )VP )VP )S )VP )S , (NP (NP a statement )NP (PP from (NP the information service *UNKC )NP )PP )NP (VP said )VP . )S  STOP
(S (S (PP During (NP the past administration )NP )PP (NP the *UNK )NP (VP were (VP (VP (ADVP first )ADVP bought (PP by (NP the institute )NP )PP )VP , (VP (ADVP then )ADVP sold (PP at (NP low prices )NP )PP (PP to (NP (NP `` *UNK businessmen '' )NP (SBAR (WHNP who )WHNP (S (VP *UNK (NP them )NP (PP to (NP the institute )NP )PP (PP at (NP *UNKED prices )NP )PP )VP )S )SBAR )NP )PP )VP )VP )VP )S , (NP the statement )NP (VP said )VP . )S  STOP
(S (NP A *UNKED *UNK *UNK )NP (VP *UNKED (PP into (NP *UNKC )NP )PP (NP yesterday )NP (S (VP bringing (NP (NP 800 *UNKC )NP (VP threatening (NP (NP *UNK )NP (SBAR if (S (NP Italy )NP (VP *UNK (S (VP to (VP pay (NP (NP compensation )NP (PP for (NP (NP (QP more than 30 )QP years )NP (PP of (NP *UNK rule )NP )PP )NP )PP )NP )VP )VP )S )VP )S )SBAR )NP )VP )NP )VP )S )VP . )S  STOP
(S (NP (QP Another 250 )QP *UNKC )NP (VP were (ADVP already )ADVP (PP in (NP Italy )NP )PP (S (VP to (VP stage (NP (NP a day )NP (PP of (NP (NP *UNKING )NP (PP for (NP (NP victims )NP (PP of (NP (NP (NP Italy 's )NP *UNK rule )NP (PP between (NP (NP *UNKN and *UNKN )NP , (SBAR (WHADVP when )WHADVP (S (NP *UNKC )NP (VP says (SBAR (S (NP *UNKC )NP (VP (VP *UNKED (NP 5,000 *UNKC )NP )VP and (VP *UNKED (NP them )NP (PP as (NP forced labor )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC 's )NP *UNK *UNKC )NP (VP have (VP threatened (NP (NP attacks )NP (PP on (NP *UNKC )NP )PP )NP (SBAR if (S (NP *UNKC )NP (VP does n't (VP pay (NP compensation )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S But (NP (NP officials )NP (PP in (NP Rome )NP )PP )NP (VP say (SBAR (S (NP the issue )NP (VP was (VP (ADVP *UNKLY )ADVP resolved (PP by (NP (NP a settlement )NP (PP between (NP (NP Italy )NP and (NP (NP King *UNKC )NP , (VP *UNKED (PP by (NP *UNKC *UNKC *UNKC )NP )PP (PP in (NP 1969 )NP )PP )VP )NP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Canadian *UNKC )NP (VP are (VP taking (NP five countries )NP (PP to (NP court )NP )PP (PP in (NP a bid (S (VP to (VP stop (NP (NP low military flights )NP (PP over (NP their homes )NP )PP )NP )VP )VP )S )NP )PP )VP )VP )S , (NP the Dutch Defense Ministry )NP (VP said )VP . )S  STOP
(S (S (NP (NP Representatives )NP (PP of (NP (NP the *UNKC and *UNKC *UNK )NP (VP living (PP in (NP (NP Quebec and *UNKC )NP (PP in (NP *UNK Canada )NP )PP )NP )PP )VP )NP )PP )NP (VP told (NP the ministry )NP (PP of (NP the planned action )NP )PP (PP at (NP a meeting )NP )PP )VP )S , (NP a ministry spokesman )NP (VP said )VP . )S  STOP
(S (S (NP They )NP (ADVP also )ADVP (VP wanted (S (VP to (VP prevent (NP (NP a NATO training base )NP (VP being (VP built (PP in (NP the region )NP )PP )VP )VP )NP )VP )VP )S )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (S (NP The action )NP , (PP in (NP the Canadian Federal Court )NP )PP , (VP will (VP be (PP against (NP (NP Canada )NP , (NP the Netherlands )NP , (NP West Germany )NP , (NP Britain )NP and (NP the U.S. )NP )NP )PP )VP )VP )S , (NP the ministry spokesman )NP (VP said )VP . )S  STOP
(S (S (NP Japan )NP (VP suspended (NP (NP imports )NP (PP of (NP French *UNK )NP )PP )NP (PP after (S (VP finding (S (NP some )NP (ADJP *UNKED (PP by (NP radiation )NP )PP )ADJP )S )VP )S )PP )VP )S , (NP (NP an official )NP (PP of (NP (NP the Ministry )NP (PP of (NP Health and *UNKC )NP )PP )NP )PP )NP (VP said )VP . )S  STOP
(S (S (NP Japan )NP (VP has (VP been (VP testing (NP (NP imported food )NP (PP from (NP Europe )NP )PP )NP (PP since (NP (NP the April 1986 *UNKC accident )NP (PP in (NP the Soviet Union )NP )PP )NP )PP )VP )VP )VP )S , (NP the spokesman )NP (VP said )VP . )S  STOP
(S (PP Since (ADVP then )ADVP )PP , (NP the ministry )NP (VP has (VP announced (NP (NP 50 *UNK )NP (PP on (NP (NP food imports )NP (PP from (NP (NP European countries )NP , (PP including (NP (NP Italy )NP , (NP Spain )NP , (NP Turkey )NP , (NP Greece )NP and (NP the Soviet Union )NP )NP )PP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP The Venice city council )NP (VP is (VP *UNKING (NP (NP plans (S (VP to (VP tap (NP (NP huge gas fields )NP (PP off (NP the coast )NP )PP )NP )VP )VP )S )NP (SBAR (WHNP that )WHNP (S (NP it )NP (VP says (SBAR (S (VP will (VP speed (PRT up )PRT (NP (NP (NP the city 's )NP slow *UNKING )NP (PP into (NP its *UNK )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP the state-owned energy giant )NP , )NP (VP made (NP (NP the announcement )NP (PP about (NP the gas field )NP )PP )NP (NP last month )NP )VP . )S  STOP
(S (S (VP *UNKED (ADVP (NP six miles )NP *UNK (PP of (NP Venice )NP )PP )ADVP )VP )S , (NP the field )NP (VP contains (NP (NP (NP (QP *UNKN billion )QP cubic feet )NP (PP of (NP *UNK gas )NP )PP )NP - (NP (NP *UNK- )NP (PP of (NP (NP Italy 's )NP reserves )NP )PP )NP )NP )VP . )S  STOP
(S (NP *UNKED *UNK )NP (VP say (SBAR (S (NP the project )NP (VP could (VP *UNK (NP costly efforts (S (VP to (VP (VP stop )VP , or (VP slow (PRT down )PRT )VP , (NP (NP the *UNK )NP (SBAR (WHNP that )WHNP (S (VP makes (S (NP Venice )NP (ADJP subject (PP to (NP (ADJP regular and *UNK )ADJP *UNKING )NP )PP )ADJP )S )VP )S )SBAR )NP )VP )VP )S )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The council )NP (VP (VP (ADVP unanimously )ADVP opposed (NP (NP the idea )NP (PP of (NP (NP *UNKC )NP (VP *UNKING (PRT out )PRT (NP the *UNK gas )NP )VP )NP )PP )NP )VP and (VP (ADVP *UNKLY )ADVP appealed (PP (PP to (NP the company )NP )PP and (PP to (NP (NP Prime Minister *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP has (ADVP yet )ADVP (S (VP to (VP *UNKLY )VP )VP )S )VP )S )SBAR )NP )PP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP (VP refused (S (VP to (VP *UNK )VP )VP )S )VP and (VP says (SBAR (S (NP drilling )NP (VP is (ADJP due (S (VP to (VP start (NP early next year )NP )VP )VP )S )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's (ADJP unlikely (SBAR (S (S (VP *UNKING (NP the gas )NP )VP )S (VP will (VP cause (NP *UNK )NP )VP )VP )S )SBAR )ADJP )VP )S , '' (VP says )VP (NP a spokeswoman )NP . )SINV  STOP
(S (S (NP *UNKC )NP (VP *UNK (NP a *UNK century *UNK )NP (PP from (NP (NP an abandoned church )NP (PP in (NP (NP *UNKC )NP , (NP Italy )NP , )NP )PP )NP )PP (PP by (S (VP removing (NP (NP the entire wall )NP (SBAR (WHPP on (WHNP which )WHNP )WHPP (S (NP the work )NP (VP had (VP been (VP painted )VP )VP )VP )S )SBAR )NP )VP )S )PP )VP )S , (NP police )NP (VP said )VP ... . )S  STOP
(S (NP (NP West Germany 's )NP *UNKC )NP (VP *UNKED (S (NP the *UNKC post office )NP (VP to (VP test (NP a *UNK *UNKED car )NP )VP )VP )S )VP . )S  STOP
(S (NP The vehicle )NP (VP (VP has (NP (NP a top speed )NP (PP of (NP (NP 65 miles )NP (NP an hour )NP )NP )PP )NP )VP and (VP requires (S (VP *UNKING (PP from (NP a standard wall *UNK )NP )PP (NP (QP every 100 )QP miles )NP )VP )S )VP )VP . )S  STOP
(S (S (NP Total *UNKC Protection Inc. )NP , (S (VP *UNKING (PP from (NP its earlier loss )NP )PP )VP )S , (VP expects (S (VP to (VP report (NP (NP earnings )NP (PP from (NP operations )NP )PP (PP of (NP (QP about $ 200,000 )QP )NP )PP (PP for (NP the third quarter )NP )PP )NP )VP )VP )S )VP )S , (NP (NP J.C. *UNKC )NP , (NP chairman )NP , )NP (VP said )VP . )S  STOP
(S (NP Net income )NP (VP includes (NP (NP an extraordinary gain )NP (PP of (NP (QP about $ 100,000 )QP )NP )PP (PP from (NP (NP the *UNK )NP (PP of (NP (NP bad debt )NP and (NP interest income )NP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Revenue )NP (VP was (NP (QP about $ 4.5 million )QP )NP )VP . )S  STOP
(S (PP In (NP the 1988 third quarter )NP )PP , (NP the company )NP (VP posted (NP (NP a net loss )NP (PP of (NP (NP $ *UNKN )NP , or (NP (NP 22 cents )NP (NP a share )NP )NP , )NP )PP (PP on (NP (NP revenue )NP (PP of (NP (QP about $ 5.1 million )QP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Total Assets )NP (VP plans and designs (NP (NP computer centers )NP , (NP computer security systems )NP and (NP computer *UNK systems )NP )NP )VP . )S  STOP
(S (PP *UNKING (NP (NP your Oct. 4 *UNK- article )NP `` (NP *UNKC *UNKC )NP '' (PP on (NP the *UNK- battle )NP )PP )NP )PP : (NP The *UNKC Institute )NP (VP is not (NP just a *UNK- organization )NP )VP . )S  STOP
(S (NP It )NP (VP is (ADVP primarily )ADVP (NP (NP a *UNKED *UNK treatment facility )NP (VP providing (NP comprehensive services )NP (PP to (NP (NP (NP people )NP (PP with (NP *UNK )NP )PP )NP and (NP their families )NP )NP )PP )VP )NP )VP . )S  STOP
(S (NP (NP The institute 's )NP *UNK efforts )NP (VP are (VP based (PP on (NP (NP the needs )NP (PP of (NP (NP the population )NP (SBAR (S (NP it )NP (VP serves and represents )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP 1985 )NP )PP , (NP the Medical *UNKC )NP (VP reported (SBAR that (S (NP (NP a growing number )NP (PP of (NP critics )NP )PP )NP (VP are (VP challenging (NP the FDA *UNK- *UNK )NP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP They )NP (VP contend (SBAR (S (NP it )NP (VP is (VP based (PP on (NP (NP an assumption )NP (SBAR (WHNP that )WHNP (S (VP has not (ADVP yet )ADVP (VP been (VP *UNK (PP in (NP valid tests )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP )S , '' (NP the *UNKC )NP (VP said )VP . )S  STOP
(S (PP In (NP 1986 )NP )PP , (NP some institute patients )NP (VP were (VP reporting (NP *UNK *UNK )NP (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP were (VP (VP switched (PP from (NP a specific *UNK- *UNK )NP )PP (PP to (NP a *UNK one )NP )PP )VP or (VP (PP from (NP (NP one *UNK manufacturer )NP (PP of (NP a specific product )NP )PP )NP )PP (PP to (NP another )NP )PP )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP *UNK )NP (VP were (VP beginning (S (VP to (VP report (NP these *UNK )NP (ADVP as well )ADVP )VP )VP )S )VP )VP . )S  STOP
(S (VP Call (S (NP it )NP (ADJP *UNK )ADJP )S (SBAR if (S (NP you )NP (VP will )VP )S )SBAR )VP . )S  STOP
(S But (NP no *UNK physician )NP (VP would (VP switch (NP (NP patients )NP (SBAR (WHNP who )WHNP (S (VP were (VP doing (ADVP well )ADVP (PP on (NP (NP a specific *UNK )NP (PP from (NP a specific manufacturer )NP )PP )NP )PP )VP )VP )S )SBAR )NP (S (VP to (VP prove (NP a point )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP We )NP (VP do not (VP depend (PP on (NP pharmaceutical companies )NP )PP (PP for (NP our support )NP )PP )VP )VP . )S  STOP
(S (NP The institute )NP (VP (VP has (NP (NP *UNK service contracts )NP (PP for (NP (NP the provision )NP (PP of (NP direct patient services )NP )PP )NP )PP )NP )VP ; (VP *UNK (NP patient fees )NP )VP ; (VP receives (NP money )NP (PP through (NP (NP contributions )NP (PP from (NP individuals , *UNK and *UNK )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP The funds )NP (VP received (PP from (NP pharmaceutical firms )NP )PP )VP )NP (VP are (VP used (S (VP to (VP offset (NP physician *UNK )NP )VP )VP )S )VP )VP )S , and (S (NP these *UNK )NP (VP do not (VP stress (NP any particular *UNK or manufacturer )NP )VP )VP )S . )S  STOP
(S (NP (NP (NP The *UNKC Institute 's )NP reporting )NP (PP of (NP *UNK *UNK )NP )PP )NP (VP stemmed (PP from (NP (NP concerns )NP (PP about (NP (NP the people )NP (SBAR (S (NP we )NP (VP (VP treat )VP and (VP care (PP about )PP )VP (ADVP daily )ADVP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP This )NP (ADVP perhaps )ADVP (VP was (VP *UNKED (PP as (UCP (NP a `` bold '' stance )NP , and thus (ADJP *UNK )ADJP )UCP )PP )VP )VP . )S  STOP
(S But (VP let (S (NP us )NP not (VP *UNK (NP (NP profits )NP (PP of (NP big business )NP )PP (VP *UNKING (PP as (NP (NP concerns )NP (PP (PP for (NP (NP people 's )NP health care )NP )PP or (PP for (NP the cost )NP )PP )PP )NP )PP )VP )NP )VP )S )VP . )S  STOP
(SBARQ (WHPP For (WHNP whom )WHNP )WHPP (SQ is (NP the saving )NP )SQ ? )SBARQ  STOP
(FRAG (ADVP *UNKLY )ADVP not (PP to (NP (NP people )NP (PP with (NP *UNK )NP )PP (SBAR (WHNP who )WHNP (S (VP depend (PP on (NP (NP the same levels )NP (PP of (NP *UNK )NP )PP (PP in (NP their *UNK )NP )PP )NP )PP (ADVP daily )ADVP (S (VP to (VP maintain (NP *UNK control )NP )VP )VP )S )VP )S )SBAR )NP )PP . )FRAG  STOP
(NP *UNKC *UNKC )NP  STOP
(NP Executive Director )NP  STOP
(NP Arnold M. Katz )NP  STOP
(S (NP Parker *UNKC Corp. )NP (VP said (SBAR (S (NP it )NP (VP agreed (S (VP to (VP sell (NP its three automotive parts divisions )NP (PP to (NP a *UNKED investor group )NP )PP (PP for (NP (QP $ 80 million )QP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The buy-out group )NP (VP (VP is (VP headed (PP by (NP (NP Paul R. *UNKC )NP , (NP (NP president )NP (PP of (NP (NP Parker 's )NP automotive group )NP )PP )NP )NP )PP )VP )VP , and (VP includes (NP (NP several other executives )NP (PP of (NP the three divisions )NP )PP )NP )VP )VP . )S  STOP
(S (NP The units )NP (VP are (NP the *UNKC , *UNKC and *UNKC divisions )NP )VP . )S  STOP
(S (NP (NP Net sales )NP (PP for (NP the units )NP )PP (PP for (NP (NP the fiscal year )NP (VP ended (NP June 30 )NP )VP )NP )PP )NP (VP were (NP (QP $ *UNKN million )QP )NP )VP . )S  STOP
(S (NP Parker officials )NP (VP said (SBAR (S (NP the company )NP (VP is (VP selling (NP the units )NP (S (VP to (VP focus (PP on (NP its other businesses )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A *UNK )NP )NP (VP will (VP *UNK (NP next month )NP (PP on (NP the *UNKED *UNKC )NP )PP : (NP (NP a *UNK- mountain )NP (VP *UNKING (NP smoke and *UNK )NP (NP every five minutes )NP )VP )NP )VP )VP . )S  STOP
(S (NP The *UNK- *UNK )NP (VP will (VP tower (PP over (NP (NP a *UNK- *UNK )NP (PP with (NP (NP (QP more than four )QP acres )NP (PP of (NP *UNK , *UNK and *UNK )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP , (S (VP *UNKED (PP from (NP the *UNKC )NP )PP (PP on (NP a moving *UNK )NP )PP )VP )S , (VP will (VP *UNK (PP over (NP (NP a *UNK )NP (PP for (NP (NP rare white *UNK )NP , (SBAR (WHNP which )WHNP (S (VP will (VP star (PP in (NP (NP performances )NP (PP by (NP (NP the *UNKED *UNK team )NP (PP of (NP *UNKED & Roy )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (ADVP *UNKC )ADVP , (NP six *UNK )NP (VP will (VP *UNK (PP in (NP a (QP 1.5 *UNK- )QP *UNK *UNK )NP )PP )VP )VP . )S  STOP
(SINV (PP At (NP (NP the core )NP (PP of (NP all this )NP )PP )NP )PP (VP stands )VP (NP a hotel )NP . )SINV  STOP
(S (PP In (NP (NP the lobby )NP (PP behind (NP its *UNK- , *UNK- *UNK )NP )PP )NP )PP , (NP a *UNK- *UNK )NP (VP will (VP come (ADJP alive (PP with (NP (NP *UNK )NP , (NP *UNK )NP , (NP *UNK )NP , (NP *UNK )NP and (NP (NP other *UNK )NP (PP of (NP the deep )NP )PP )NP )NP )PP )ADJP )VP )VP . )S  STOP
(FRAG And (INTJ *UNK )INTJ , (INTJ yes )INTJ . )FRAG  STOP
(S (NP There )NP (VP 's (NP (NP a casino )NP , (NP (NP the financial heart )NP (PP of (NP (NP it )NP (NP all )NP )NP )PP )NP )NP )VP . )S  STOP
(S (NP This )NP (VP is (NP (NP the *UNKC )NP , (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP *UNK- *UNK- )NP (VP (ADVP now )ADVP being (VP completed (PP for (NP (NP opening )NP (PP in (NP November )NP )PP (PP by (NP Golden *UNKC Inc )NP )PP )NP )PP )VP )VP )NP )NP )VP . )S  STOP
(S (NP It )NP (VP 's (NP (NP the (ADJP most *UNKING )ADJP example )NP (PP of (NP (NP Las Vegas 's )NP *UNKED effort (S (VP to (VP transform (NP itself )NP (PP into (NP (NP a *UNK- *UNK resort )NP (PP for (NP (NP families )NP (CONJP as well as )CONJP (NP *UNK )NP )NP )PP )NP )PP )VP )VP )S )NP )PP )NP )VP . )S  STOP
(S (NP Las Vegas )NP (VP has (VP seen (NP (NP nothing )NP (PP quite like (NP it )NP )PP )NP (ADVP before )ADVP )VP )VP . )S  STOP
(SINV (PP Not for (NP 15 years )NP )PP has (NP a big new *UNK- )NP (VP opened (ADVP here )ADVP )VP . )SINV  STOP
(S (ADVP Now )ADVP (NP (NP the Mirage )NP and (NP (NP *UNKC *UNKC Enterprises Inc. 's )NP (ADJP (QP $ *UNKN million )QP )ADJP *UNKC )NP )NP (VP are (VP going (PRT up )PRT )VP )VP . )S  STOP
(S (NP The *UNKC )NP , (PP with (NP (NP a *UNK hotel )NP , (NP *UNKING *UNK )NP and (NP other *UNKC *UNK )NP )NP )PP , (VP will (VP be (ADJP able (S (VP to (VP handle (NP (NP (QP up to 30,000 )QP visitors )NP (NP a day )NP )NP )VP )VP )S )ADJP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP opens (PP in (NP 1990 )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (SBAR If (S (NP MGM Grand Inc. )NP (VP proceeds (PP with (NP (NP its plan )NP (PP for (NP (NP an *UNK park )NP (PRN -- (NP (NP a (ADJP (QP $ 700 million )QP )ADJP *UNK resort )NP (PP with (NP a (NX (NX working studio )NX , (NX casino )NX and (NX *UNK- hotel )NX )NX )NP )PP (SBAR (WHNP that )WHNP (S (VP would (VP become (NP (NP Las Vegas 's )NP biggest )NP )VP )VP )S )SBAR )NP -- )PRN )NP )PP )NP )PP )VP )S )SBAR (NP (NP the investment )NP (PP in (NP the three properties )NP )PP )NP (VP will (VP total (NP (QP some $ 1.6 billion )QP )NP )VP )VP . )S  STOP
(S (NP MGM Grand )NP (VP has (VP agreed (S (VP to (VP buy (NP (NP a *UNK- site )NP (PP for (NP the resort )NP )PP )NP (PP for (NP (NP (QP $ 93 million )QP )NP (PP in (NP (NP cash )NP plus (NP (NP stock )NP (VP (ADVP currently )ADVP valued (PP at (NP (QP nearly $ 30 million )QP )NP )PP )VP )NP )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP *UNKC projects )NP (VP *UNK (NP the figure )NP (PP to (NP (QP at least $ 2.5 billion )QP )NP )PP )VP . )S  STOP
(S (NP (NP Still other projects )NP (SBAR (WHNP that )WHNP (S (VP (VP have (VP been (VP (VP announced )VP but (VP (ADVP not yet )ADVP started )VP )VP )VP )VP )VP )S )SBAR )NP (VP could (VP put (NP expenditures )NP (PP above (NP (NP (QP $ 3 billion )QP )NP (PP over (NP the next few years )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Stephen A. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP owns (NP (NP *UNKN % )NP (PP of (NP (NP Golden *UNKC 's )NP shares )NP )PP )NP )VP )S )SBAR , )NP (VP says (SBAR (S (NP (NP the Mirage )NP and (NP other projects )NP )NP (VP will (VP help (S (NP Las Vegas )NP (VP attract (NP (NP a whole new generation )NP (PP of (NP visitors )NP )PP )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (SBAR (SBAR If (S (NP you )NP (VP create (NP a *UNK )NP )VP )S )SBAR , (SBAR if (S (NP you )NP (VP create (NP (NP something )NP (ADJP (ADJP so exciting )ADJP (SBAR that (S (NP the public )NP (VP *UNK (PP of (S (VP being (NP (NP part )NP (PP of (NP it )NP )PP )NP )VP )S )PP )VP )S )SBAR )ADJP )NP )VP )S )SBAR )SBAR , (ADVP then )ADVP (NP they )NP (VP 'll (VP come )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP (NP The projects )NP (PP already under (NP construction )NP )PP )NP (VP will (VP increase (NP (NP (NP Las Vegas 's )NP supply )NP (PP of (NP hotel rooms )NP )PP )NP (PP by (NP (NP *UNKN )NP , or (NP (QP nearly 20 )QP % )NP , )NP )PP (PP to (NP *UNKN )NP )PP )VP )VP . )S  STOP
(S (PP By (NP (NP a rule )NP (PP of (NP *UNK )NP )PP (PP of (NP (NP 1.5 new jobs )NP (PP for (NP each new hotel room )NP )PP )NP )PP )NP )PP , (NP Clark County )NP (VP will (VP have (NP (QP nearly *UNKN )QP new jobs )NP )VP )VP . )S  STOP
(S (NP The *UNK )NP (PP at (NP (NP the end )NP (PP of (NP 1988 )NP )PP )NP )PP (VP had (NP (NP *UNKN jobs )NP , (NP (NP *UNKN )NP (PP of (NP them )NP )PP (PP in (NP the tourist industry )NP )PP )NP )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP in (NP the talking or *UNK stage )NP )PP )NP (VP would (VP add (NP a further *UNKN rooms )NP )VP )VP . )S  STOP
(S (NP *UNKC operators )NP (VP play (PRT down )PRT (NP (NP the possibility )NP (PP of (NP a labor shortage )NP )PP )NP )VP . )S  STOP
(S (PP After (NP all )NP )PP , (NP (NP 40,000 *UNK )NP (NP a year )NP )NP (VP are (VP settling (PP in (NP the Las Vegas Valley )NP )PP )VP )VP . )S  STOP
(S But (NP Nevada state labor economists )NP (VP think (SBAR (S (NP a shortage )NP (VP is (ADJP *UNK )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP Nobody )NP (ADVP yet )ADVP (VP seems (S (VP to (VP have (VP calculated (NP (NP (NP the total number )NP (PP of (NP (NP *UNK machines )NP , (NP *UNK tables )NP or (NP *UNK *UNK )NP )NP )PP (SBAR (S (NP Las Vegas )NP (VP will (VP add (PP to (NP (NP the enormous store )NP (SBAR (WHNP that )WHNP (S (NP *UNKC *UNKC )NP (ADVP already )ADVP (VP *UNK (ADVP here )ADVP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP (PRN , (ADVP much less )ADVP (NP (NP the ultimate impact )NP (PP of (NP the growth )NP )PP (PP on (NP (NP schools )NP and (NP municipal services )NP )NP )PP )NP )PRN )NP )VP )VP )VP )S )VP . )S  STOP
(SINV `` (S (NP *UNKC )NP (VP is (ADVP certainly )ADVP (NP a concern )NP , (SBAR as (SINV is (NP (NP pollution )NP , (NP water )NP and (NP an adequate labor market )NP )NP )SINV )SBAR )VP )S , '' (VP says )VP (NP (NP Frank *UNKC )NP , (NP (NP executive director )NP (PP of (NP the Las Vegas *UNKC and *UNKC Bureau )NP )PP )NP )NP . )SINV  STOP
(S (NP City *UNK )NP (VP have (VP managed (S (VP to (VP push (PRT through )PRT (NP (NP (NP projects )NP (SBAR (WHNP that )WHNP (S (VP are (ADJP crucial (PP for (NP tourist growth )NP )PP )ADJP )VP )S )SBAR )NP , (PP such as (NP (NP the expansion )NP (PP of (NP *UNKC International Airport )NP )PP (S (VP to (VP accommodate (NP (NP the 44 % )NP (PP of (NP Las Vegas tourists )NP )PP (SBAR (WHNP who )WHNP (S (VP fly (ADVP here )ADVP )VP )S )SBAR )NP )VP )VP )S )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP This year )NP , (PP by (NP (NP (NP one means )NP (PP of (NP transport )NP )PP )NP or (NP another )NP )NP )PP , (NP (QP more than 18 million )QP people )NP (VP will (VP visit (NP the city )NP )VP )VP . )S  STOP
(S (NP The expansion )NP (VP will (VP set (PRT off )PRT (NP (NP a marketing war )NP (PP among (NP the big *UNK- )NP )PP )NP )VP )VP . )S  STOP
(S (NP Las Vegas )NP (VP (VP promises )VP (PRN , or (VP *UNK )VP , )PRN (S (VP to (VP become (NP (NP a giant *UNK )NP , (PP with (NP (NP rooms )NP (SBAR (S (VP to (VP be (VP had (PP for (NP (NP (NP $ 45 )NP (NP a day )NP )NP or (NP less )NP )NP )PP , (PP for (NP (NP visitors )NP (ADJP *UNKED (PP solely by (NP gambling )NP )PP )ADJP )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (PP *UNKC (NP (NP a *UNK )NP (PP of (NP (NP *UNKING *UNK )NP , (NP *UNK *UNK )NP , (NP *UNK- *UNK )NP and (NP (NP *UNK )NP (PP of (NP the wild )NP )PP )NP )NP )PP )NP )PP , (NP *UNK competitors )NP (VP will (VP fall )VP )VP . )S  STOP
(S (NP *UNKC World Inc. )NP (VP plans (S (VP to (VP defend (NP its *UNK reputation )NP (PP by (S (VP (VP *UNKING (NP (QP $ 190 million )QP )NP (PP into (NP (NP its *UNK *UNKC *UNKC )NP , (ADVP next door (PP to (NP the new Mirage )NP )PP )ADVP )NP )PP )VP , and (VP adding (NP (NP a (ADJP (QP $ 100 million )QP )ADJP shopping area )NP (ADJP *UNK (PP of (NP *UNKC *UNKC )NP )PP )ADJP )NP )VP )VP )S )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP The *UNKC )NP , (PP with (NP (NP its *UNK *UNK and *UNK parties )NP (PP for (NP high *UNK )NP )PP )NP )PP , )NP (VP is (ADVP already )ADVP (ADJP well-known (PP for (NP its *UNKC theme )NP )PP )ADJP )VP . )S  STOP
(S (NP (NP The *UNKC *UNKC )NP , (NP Imperial *UNKC )NP , (NP *UNKC )NP and (NP others )NP )NP (VP are (VP pouring (NP (NP millions )NP (PP of (NP dollars )NP )PP )NP (PP into (NP (NP *UNK )NP , (NP new room *UNK )NP and (NP casino floor space )NP )NP )PP (S (ADVP just )ADVP (VP to (VP keep (PRT up )PRT )VP )VP )S )VP )VP . )S  STOP
(SBARQ (WHADVP Where )WHADVP (SQ 's (NP (NP this huge amount )NP (PP of (NP investment capital )NP )PP )NP (VP coming (PP from )PP )VP )SQ ? )SBARQ  STOP
(S (NP (NP Golden *UNKC )NP , (NP (NP Drexel Burnham Lambert Inc. 's )NP first casino client )NP , )NP (VP has (VP borrowed (PP on (NP (NP (QP more than $ 600 million )QP )NP (ADJP worth (PP of (NP mortgage notes )NP )PP )ADJP , (VP (ADVP mostly )ADVP sold (PP to (NP private investors )NP )PP (PP by (NP Drexel )NP )PP )VP , )NP )PP (S (VP to (VP build (NP the Mirage )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Other casino owners )NP , (NP (NP *UNKC Circus )NP (PP among (NP them )NP )PP )NP , )NP (VP are (VP financing (NP their expansion )NP (PP with (NP (NP their own cash )NP and (NP (NP *UNKING credit lines )NP (PP from (NP (NP local lenders )NP (PP such as (NP (NP First Interstate Bank )NP (PP of (NP Nevada )NP )PP )NP )PP )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(SQ Will (NP the investments )NP (VP pay (PRT off )PRT )VP ? )SQ  STOP
(S (NP (NP The growth )NP (PP of (NP Las Vegas tourism )NP )PP (PP in (NP recent years )NP )PP )NP (VP *UNK (NP lenders )NP (SBAR that (S (NP they )NP (VP will )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC revenues )NP and (NP hotel *UNK rates )NP )NP (VP are (ADJP high )ADJP )VP . )S  STOP
(S (NP Last year )NP , (NP the tourists )NP (VP left (NP (NP (QP $ 3 billion )QP )NP )NP (PP with (NP (NP the area 's )NP *UNK )NP )PP , (ADVP (ADVP (NP (QP nearly 10 )QP % )NP more )ADVP (PP than (PP in (NP 1987 )NP )PP )PP )ADVP )VP . )S  STOP
(S (NP (NP The people )NP (PP with (NP (NP a stake )NP (PP in (NP (NP Nevada 's )NP gambling industry )NP )PP )NP )PP )NP (VP believe (SBAR that (S (NP they )NP (VP have (ADVP barely )ADVP (VP *UNKED (NP the (ADJP potentially huge )ADJP family trade )NP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (SBAR If (S (NP you )NP (VP build (NP a better *UNK )NP )VP )S )SBAR , (NP it )NP (VP will (VP catch (NP more *UNK )NP )VP )VP )S , '' (VP says )VP (NP (NP *UNKED *UNKC )NP , (NP (NP chairman )NP (PP of (NP MGM Grand )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP *UNKC *UNKLY )NP , (NP (NP a tourist )NP (PP from (NP (NP *UNKC )NP , (NP Ill. )NP , )NP )PP )NP )NP (VP seems (ADJP inclined (S (VP to (VP agree )VP )VP )S )ADJP )VP . )S  STOP
(SINV `` (S (NP I )NP (VP 'd (VP love (NP it )NP (SBAR if (S (NP my daughter )NP (VP had (NP (NP something )NP (ADJP else )ADJP (SBAR (S (VP to (VP do (ADVP here )ADVP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP )S , '' (VP says )VP (NP (NP Ms. *UNKLY )NP , (VP watching (NP (NP *UNK- *UNKC )NP (PP on (NP (NP the water slide )NP (PP at (NP (NP the Strip 's )NP *UNKC *UNK *UNKC water park )NP )PP )NP )PP )NP )VP )NP . )SINV  STOP
(SINV `` (S (ADVP (NP Two generations )NP ago )ADVP , (NP *UNKC )NP (VP came (PP to (NP Las Vegas )NP )PP (PP by (NP himself )NP )PP (PP for (NP a little *UNK )NP )PP )VP )S , '' (VP says )VP (NP (NP Van *UNKC )NP , (NP (NP executive vice president )NP (PP of (NP the Nevada Hotel and *UNKC Association )NP )PP )NP )NP . )SINV  STOP
(S `` (ADVP (NP One generation )NP ago )ADVP , (NP *UNKC )NP (VP joined (NP *UNKC )NP )VP . )S  STOP
(S (ADVP Now )ADVP , (PP in (NP the *UNK )NP )PP , (NP we )NP (VP 're (VP headed (PP toward (NP a total resort environment )NP )PP )VP )VP . '' )S  STOP
(S (ADVP (NP Only a decade (QP or so )QP )NP ago )ADVP , (NP casino managers )NP (VP *UNKED (PP at (NP (NP *UNK- TV sets )NP and (NP (NP other *UNK )NP (SBAR (WHNP that )WHNP (S (VP *UNKED (PP from (NP gambling )NP )PP )VP )S )SBAR )NP )NP )PP )VP . )S  STOP
(S (S (NP *UNKC )NP (NP today )NP (VP offer (NP (NP bowling *UNK )NP , (NP water *UNK )NP , (NP golf courses )NP , (NP *UNK courts )NP , (NP *UNK *UNKING *UNK )NP and (NP other *UNK )NP )NP )VP )S , and (S (NP more such facilities )NP (VP are (VP being (VP designed )VP )VP )VP )S . )S  STOP
(S (PP Despite (NP (NP the new emphasis )NP (PP on (NP the family trade )NP )PP )NP )PP , (ADVP however )ADVP , (NP (NP tourists )NP (PP in (NP (NP search )NP (PP of (NP (NP *UNK fun )NP (PP than (NP gambling )NP )PP )NP )PP )NP )PP )NP (VP seem (ADJP certain (S (VP to (VP find (NP it )NP )VP )VP )S )ADJP , (PP with (S (NP Las Vegas call *UNK )NP (VP remaining (PP on (NP the scene )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP A serious economic downturn )NP (PRN , (S (NP *UNK )NP (VP *UNK )VP )S , )PRN (VP could (VP hurt (NP the *UNK )NP )VP )VP . )S  STOP
(S (PP For (ADVP now )ADVP )PP , (ADVP however )ADVP , (NP (NP the *UNK ' )NP voices )NP (VP are (VP *UNKED (PP by (NP (NP (NP (NP the *UNK )NP (PP of (NP cement *UNK )NP )PP )NP and (NP (NP the *UNKING )NP (PP of (NP construction *UNK )NP )PP )NP )NP (PP along (NP the Strip )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP This )NP (VP is (NP (NP no place )NP (PP for (NP *UNK )NP )PP )NP )VP )S , but (S (PP at (NP *UNKN )NP )PP (PP on (NP a recent morning )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP construction )NP (VP *UNKED (NP (NP traffic )NP (PP at (NP the famous Four *UNKC *UNK )NP )PP )NP (PP to (NP one *UNK )NP )PP )VP )S )SBAR , (NP a *UNK passenger )NP (VP found (S (NP (NP it )NP )NP (ADJP faster )ADJP (S (VP to (VP (VP abandon (NP the *UNK )NP )VP and (VP walk (PP to (NP her *UNK )NP )PP )VP )VP )VP )S )S )VP )S . )S  STOP
(S (NP The *UNK competition )NP (ADVP probably )ADVP (VP will (VP drive (NP some (ADJP *UNKLY managed )ADJP properties )NP (PP into (NP (NP bankruptcy )NP or (NP new ownership )NP )NP )PP )VP )VP . )S  STOP
(S (NP It )NP (VP has (VP happened (ADVP before )ADVP )VP )VP . )S  STOP
(S (NP (NP The *UNKC )NP , (NP the *UNKC )NP and (NP the *UNKC )NP )NP (VP were all (VP acquired (PP by (NP the present owners )NP )PP (PP from (NP (NP bankruptcy proceedings )NP (VP *UNKED (PP by (NP the last recession )NP )PP , (PP in (NP the early 1980s )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (ADVP Yet )ADVP (NP that )NP (VP has n't (VP *UNKED (NP investors )NP )VP )VP . )S  STOP
(S (NP Some )NP (VP have (VP bought (NP (NP big *UNK )NP (PP of (NP Strip property )NP )PP )NP (PP for (SBAR (WHNP what )WHNP (S (VP may (VP turn (PP into (NP (NP another wave )NP (PP of (NP building )NP )PP )NP )PP )VP )VP )S )SBAR )PP )VP )VP . )S  STOP
(S (NP Atlantic City casino owner Donald Trump )NP (VP is (VP *UNKING (NP the Las Vegas market )NP (PP with (NP (NP an eye )NP (PP toward (S (VP building (NP an (ADJP *UNKLY *UNK )ADJP place )NP )VP )S )PP )NP )PP )VP )VP . )S  STOP
(S (SBAR Even before (S (NP the huge new projects )NP (VP began )VP )S )SBAR , (NP (NP the Strip 's )NP recent expansion )NP (VP squeezed (NP smaller competitors )NP )VP . )S  STOP
(S (NP (NP Many *UNK- customers )NP (PP of (NP (NP downtown 's )NP *UNK- gambling spots )NP )PP )NP (VP have (VP been (VP *UNKED (PP (PP to (NP the Strip )NP )PP or (PP to (NP (NP (NP *UNKC )NP , (NP *UNKC )NP , )NP (NP (NP a Colorado River town )NP (VP *UNKING (PP to (NP (NP *UNK )NP and (NP the *UNK- crowd )NP )NP )PP )VP )NP )NP )PP )PP )VP )VP )VP . )S  STOP
(S (NP (NP Hotel expansion )NP and (NP (NP an *UNK )NP (PP of (NP *UNKING tourists )NP )PP )NP )NP (VP have (VP hurt (NP *UNK )NP )VP )VP . )S  STOP
(S (PP Since (NP 1979 )NP )PP , (NP (NP the number )NP (PP of (NP *UNK rooms )NP )PP )NP (VP has (VP fallen (PP by (NP *UNKN )NP )PP )VP )VP . )S  STOP
(S (NP Many people )NP (ADVP here )ADVP (VP expect (NP a *UNK- war )NP (SBAR as (S (NP the new projects )NP (VP open )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (S (NP There )NP (VP 's (ADVP probably )ADVP (VP going (S (VP to (VP be (NP (NP some pressure )NP (PP on (NP (NP *UNK )NP and (NP room rates )NP )NP )PP )NP (PP over (NP the next year )NP )PP )VP )VP )S )VP )VP )S , but (S (PP after (NP that )NP )PP (NP you )NP (VP should (VP see (S (NP the market )NP (VP return (PP to (NP (NP *UNK- *UNK )NP and (NP regular rates )NP )NP )PP )VP )S )VP )VP )S )S , '' (VP says )VP (NP (NP Paul *UNKC )NP , (NP (NP casino executive )NP (PP at (NP (NP Ramada Inc. )NP , (SBAR (WHNP which )WHNP (S (VP runs (NP the *UNKC )NP )VP )S )SBAR )NP )PP )NP )NP . )SINV  STOP
(S (NP *UNKC )NP (VP wonder (SBAR whether (S (NP (NP *UNK- )NP (PP such as (NP the Mirage )NP )PP )NP (VP will (VP be (ADJP able (S (VP to (VP squeeze (NP a profit )NP (PP from (NP their cash flow )NP )PP )VP )VP )S )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The Mirage )NP (VP will (VP cost (NP (NP (QP at least $ 1 million )QP )NP (NP a day )NP )NP (S (VP to (VP operate )VP )VP )S )VP )VP . )S  STOP
(S (S (NP Mr. *UNKC )NP (VP seems (ADJP confident (SBAR that (S (NP it )NP (VP will (VP produce (NP a healthy profit )NP )VP )VP )S )SBAR )ADJP )VP )S , but (S (NP some securities analysts )NP (VP doubt (NP it )NP )VP )S . )S  STOP
(S (NP *UNKC and analysts )NP (VP say (SBAR that (S (PP among (NP large existing properties )NP )PP (NP (NP (NP Bally Manufacturing Corp. 's )NP Bally Grand *UNK- )NP )NP (ADVP probably )ADVP (VP will (VP be (ADVP *UNK )ADVP (VP hit (PP among (NP major properties )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Bally officials )NP (VP decline (S (VP to (VP discuss (NP the situation )NP )VP )VP )S )VP . )S  STOP
(S (NP Bally )NP (VP bought (NP the former MGM Grand *UNK- )NP (PP from (NP *UNKC *UNKC )NP )PP (ADVP (NP four years )NP ago )ADVP )VP . )S  STOP
(SINV (ADVP Only now )ADVP is (NP it )NP (VP *UNKING (NP a (ADJP badly needed )ADJP *UNK )NP )VP . )SINV  STOP
(S (S (NP Its parking lot )NP (VP is (ADJP *UNK )ADJP )VP )S , (S (NP the MGM *UNK- *UNK )NP (ADVP still )ADVP (VP appears (PP in (NP places )NP )PP )VP )S , and (S (NP customers )NP (ADVP still )ADVP (VP call (S (NP it )NP (NP (NP the Grand )NP , (PP rather than (NP the Bally Grand )NP )PP )NP )S )VP )S . )S  STOP
(SINV (S (S (NP It )NP (VP has (NP a `` great location )NP )VP )S , but (S (NP they )NP (VP 're (VP going (S (VP to (VP have (NP some real problems )NP (SBAR (WHADVP when )WHADVP (S (NP (NP everyone )NP (PP around (NP them )NP )PP )NP (VP opens )VP )S )SBAR )VP )VP )S )VP )VP )S )S , '' (VP says )VP (NP (NP Daniel Lee )NP , (NP a Drexel analyst )NP )NP . )SINV  STOP
(S (NP (NP *UNKC properties )NP (SBAR (WHNP that )WHNP (S (ADVP still )ADVP (VP have (NP a 1950s image )NP )VP )S )SBAR )NP (VP are (ADVP also )ADVP (ADJP vulnerable )ADJP )VP . )S  STOP
(SINV (S (NP (NP Any *UNK- )NP (PP without (NP a strong identity )NP )PP )NP (VP will (VP get (VP *UNKED (PP by (NP the new competition )NP )PP )VP )VP )VP )S , (VP says )VP (NP (NP Glenn *UNKC )NP , (NP (NP senior vice president )NP (PP of (NP Circus Circus )NP )PP )NP )NP . )SINV  STOP
(S `` (S (SBAR If (S (NP you )NP (VP do n't (VP know (SBAR (WHNP what )WHNP (S (NP you )NP (VP are )VP )S )SBAR )VP )VP )S )SBAR , (ADJP bigger )ADJP (VP wo n't (VP make (S (NP you )NP (ADJP better )ADJP )S )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` But (NP it )NP (VP 'll (ADVP sure )ADVP (VP make (S (NP you )NP (ADJP *UNK )ADJP )S )VP )VP . '' )S  STOP
(S (NP (NP Circus Circus 's )NP flagship casino )NP (VP has (VP become (NP (NP the *UNK )NP (PP of (NP competitors )NP )PP )NP (PP for (NP its ability (S (VP to (VP *UNK (NP cash )NP (PP from (NP (NP the *UNK )NP (PP of (NP *UNKING families )NP )PP )NP )PP )VP )VP )S )NP )PP )VP )VP . )S  STOP
(S (NP The Circus Circus )NP (VP *UNK (NP them )NP (PP with (NP (NP low room rates )NP , (NP *UNK *UNK )NP and (NP (NP entertainment )NP (PP for (NP children )NP )PP (PP at (NP no extra charge )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP (NP The company 's )NP *UNKC )NP (VP will (ADVP also )ADVP (VP appeal (PP to (NP families )NP )PP , (PP of (NP course )NP )PP )VP )VP . )S  STOP
(S (NP Its *UNK )NP (PRN , (S (NP Mr. *UNKC )NP (VP says )VP )S , )PRN (VP will (VP be `` (NP (NP the (ADJP most *UNKING )ADJP piece )NP (PP of (NP *UNK architecture )NP )PP (VP (ADVP ever )ADVP built )VP )NP )VP )VP . '' )S  STOP
(S (NP Some casino owners )NP (VP have (VP resisted (NP the *UNK (S (VP to (VP add (NP rooms )NP )VP )VP )S )NP )VP )VP . )S  STOP
(S (ADVP Instead )ADVP , (NP they )NP (VP are (VP spending (S (VP to (VP reinforce (NP (NP the identity )NP (SBAR (WHNP that )WHNP (S (NP they )NP (VP believe (SBAR (S (VP *UNK (NP their customers )NP )VP )S )SBAR )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP More rooms )NP (VP are n't (NP (NP the answer )NP (PP for (NP us )NP )PP )NP )VP )S , '' (VP says )VP (NP *UNKC World chairman Henry *UNKC )NP . )SINV  STOP
(S (SBAR While (S (NP (NP his company 's )NP hotel )NP (VP is (VP (VP building (NP a retail complex )NP (PP in (NP Beverly Hills style )NP )PP )VP and (VP *UNKING (NP existing rooms )NP )VP )VP )VP )S )SBAR , (NP it )NP (VP has (VP *UNKED (NP (NP the number )NP (PP of (NP its rooms )NP )PP )NP )VP )VP . )S  STOP
(S (NP Some )NP (VP have (VP been (VP combined (PP into (NP (NP *UNK )NP (PP for (NP the high *UNK )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP has (VP made (NP (NP a specialty )NP (PP of (S (VP *UNKING (PP to (NP (NP high *UNK )NP (PP from (ADVP abroad )ADVP )PP , (SBAR (WHNP who )WHNP (S (VP are (ADVP also )ADVP (VP being (VP (ADVP aggressively )ADVP *UNKED (PP by (NP (NP the Mirage )NP , (NP the Las Vegas *UNKC )NP and (NP others )NP )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )S )PP )NP )VP )VP . )S  STOP
(S (NP Other , smaller concerns )NP (VP are (ADVP also )ADVP (VP pursuing (NP (NP market *UNK )NP (PRN -- (NP (NP *UNKC tourists )NP , (PP for (NP example )NP )PP , or (NP the local trade )NP )NP )PRN )NP )VP )VP . )S  STOP
(SINV `` (S (NP There )NP (VP 's (ADVP still )ADVP (NP (NP room )NP (PP for (NP *UNK properties )NP )PP )NP )VP )S , '' (VP says )VP (NP (NP James *UNKC )NP , (NP (NP president )NP (PP of (NP *UNKC *UNKC Inc )NP )PP )NP )NP . )SINV  STOP
(S (PP *UNKC (NP the Strip )NP )PP , (NP *UNKC )NP (VP is (VP building (NP (NP the *UNKC )NP , (NP (NP a *UNK- )NP (PP with (NP (NP a Brazilian theme )NP and (NP (NP (QP only *UNKN )QP rooms )NP (PRN -- (S (NP (NP all )NP (PP of (NP them )NP )PP )NP (NP *UNK )NP )S )PRN )NP )NP )PP )NP )NP )VP )VP . )S  STOP
(S (PP Despite (NP (NP the *UNK )NP (PP of (NP tourist *UNK )NP )PP )NP )PP , (NP Las *UNKC )NP (VP have n't (VP *UNK (SBAR that (S (NP gambling )NP (VP is (ADVP still )ADVP (SBAR (WHNP what )WHNP (S (NP the town )NP (VP is (PP all about )PP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S `` (S (NP (NP The days )NP (SBAR (WHADVP when when )WHADVP (S (NP (NP the *UNK )NP (PP of (NP *UNK )NP )PP )NP (VP was (NP all high *UNK )NP , (PP with (NP (NP no windows and *UNK )NP and (NP (NP lots )NP (PP of (NP (ADJP red and black )ADJP *UNK )NP )PP )NP )NP )PP , )VP )S )SBAR )NP (VP are (VP gone )VP )VP )S , '' (NP (NP Mr. *UNKC )NP (PP of (NP (NP the visitors ' )NP bureau )NP )PP )NP (VP says )VP . )S  STOP
(S `` But (NP (NP 93 % )NP (PP of (NP tourists )NP )PP )NP (ADVP still )ADVP (VP come (PP for (NP gambling )NP )PP )VP . )S  STOP
(S (NP We )NP (VP ca n't (VP lose (NP (NP *UNK )NP (PP of (NP that )NP )PP )NP )VP )VP . )S  STOP
(S (NP *UNKC *UNKC *UNKC *UNKC directors )NP (VP declared (NP (NP an initial dividend )NP (PP of (NP (NP 10 cents )NP (NP a share )NP )NP )PP , (ADJP payable (NP Dec. 5 )NP (PP to (NP (NP stock )NP (PP of (NP record )NP )PP (NP Nov. 21 )NP )NP )PP )ADJP )NP )VP . )S  STOP
(SINV (S (NP The (NAC *UNKC Park , N.Y. , )NAC thrift )NP (VP has (NP a strong *UNK- ratio )NP )VP )S , (VP said )VP (NP Vice President Michael *UNKC *UNKC )NP . )SINV  STOP
(S (PP At (NP Sept. 30 )NP )PP , (NP (NP the thrift )NP , (SBAR (WHNP which )WHNP (S (VP converted (PP to (NP (NP a stock form )NP (PP of (NP ownership )NP )PP )NP )PP (PP from (NP a mutual form )NP )PP (PP in (NP April 1986 )NP )PP )VP )S )SBAR , )NP (VP had (NP (NP (QP more than four million )QP shares )NP (ADJP outstanding )ADJP )NP )VP . )S  STOP
(NP (NP *UNKC I )NP , (NP *UNKC 7 )NP , (NP *UNKC 2 )NP : )NP  STOP
(S (NP (NP Every Bill )NP (SBAR (WHNP which )WHNP (S (VP shall (VP have (VP passed (NP (NP (NP the House )NP (PP of (NP Representatives )NP )PP )NP and (NP the Senate )NP )NP )VP )VP )VP )S )SBAR )NP , (VP shall , (SBAR before (S (NP it )NP (VP becomes (NP a Law )NP )VP )S )SBAR , (VP be (VP presented (PP to (NP (NP the President )NP (PP of (NP the United States )NP )PP )NP )PP )VP )VP )VP ; (S (S (SBAR If (S (NP he )NP (VP approve )VP )S )SBAR (NP he )NP (VP shall (VP sign (NP it )NP )VP )VP )S , but (S (FRAG if not )FRAG (NP he )NP (VP shall (VP return (NP it )NP , (PP with (NP his *UNKC )NP )PP (PP to (NP (NP that House )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP it )NP (VP shall (VP have (VP *UNKED )VP )VP )VP )S )SBAR , (SBAR (WHNP who )WHNP (S (VP shall (VP (VP enter (NP the *UNKC )NP (PP at (ADJP large )ADJP )PP (PP on (NP their Journal )NP )PP )VP , and (VP proceed (S (VP to (VP *UNK (NP it )NP )VP )VP )S )VP )VP )VP )S )SBAR )NP )PP )VP )VP )S )S . )S  STOP
(S (S (SBAR If (S (PP after (NP such *UNKC )NP )PP (NP (NP two *UNK )NP (PP of (NP that House )NP )PP )NP (VP shall (VP agree (S (VP to (VP pass (NP the Bill )NP )VP )VP )S )VP )VP )S )SBAR , (NP it )NP (VP shall (VP be (VP sent , (ADVP together (PP with (NP the *UNKC )NP )PP )ADVP , (PP to (NP (NP the other House )NP , (SBAR (WHPP by (WHNP which )WHNP )WHPP (S (NP it )NP (VP shall (ADVP *UNK )ADVP (VP be (VP *UNKED )VP )VP )VP )S )SBAR )NP )PP )VP )VP )VP )S , and (S (SBAR if (S (VP approved (PP by (NP (NP two *UNK )NP (PP of (NP that House )NP )PP )NP )PP )VP )S )SBAR , (NP it )NP (VP shall (VP become (NP a Law )NP )VP )VP )S ... . )S  STOP
(NP (NP *UNKC I )NP , (NP *UNKC 7 )NP , (NP *UNKC 3 )NP : )NP  STOP
(S (NP (NP Every Order , Resolution , or *UNKC )NP (SBAR (WHPP to (WHNP which )WHNP )WHPP (S (NP (NP the *UNKC )NP (PP of (NP the (NX (NX Senate )NX and (NX (NX House )NX (PP of (NP Representatives )NP )PP )NX )NX )NP )PP )NP (VP may (VP be (ADJP necessary )ADJP (PRN -LRB- (PP except (PP on (NP (NP a question )NP (PP of (NP *UNKC )NP )PP )NP )PP )PP -RRB- )PRN )VP )VP )S )SBAR )NP (VP (VP shall (VP be (VP presented (PP to (NP (NP the President )NP (PP of (NP the United States )NP )PP )NP )PP )VP )VP )VP ; and (VP (SBAR before (S (NP the *UNKC )NP (VP shall (VP take (NP *UNKC )NP )VP )VP )S )SBAR , (VP shall (VP be (VP approved (PP by (NP him )NP )PP )VP )VP )VP , or (VP (S (VP being (VP *UNKED (PP by (NP him )NP )PP )VP )VP )S , shall (VP be (VP *UNKED (PP by (NP (NP two *UNK )NP (PP of (NP the (NX (NX Senate )NX and (NX (NX House )NX (PP of (NP Representatives )NP )PP )NX )NX )NP )PP )NP )PP , (PP according (PP to (NP (NP the *UNKC and *UNKC )NP (VP *UNKED (PP in (NP (NP the *UNKC )NP (PP of (NP a Bill )NP )PP )NP )PP )VP )NP )PP )PP )VP )VP )VP )VP )VP . )S  STOP
(S (NP President Bush )NP (VP told (NP reporters )NP (ADVP (NP a few months )NP ago )ADVP (SBAR that (S (NP he )NP (VP was (VP looking (PP for (NP the right test case )NP )PP (S (VP to (VP see (SBAR whether (S (NP he )NP (ADVP already )ADVP (VP has (NP the line-item veto )NP )VP )S )SBAR )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Vice President Quayle )NP and (NP Budget Director Darman )NP )NP (VP said (ADVP recently )ADVP (SBAR (S (NP they )NP (VP 've (VP joined (NP the search )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP On (NP Tuesday )NP )PP , (NP the subject )NP (VP came (PRT up )PRT (ADVP again )ADVP (SBAR (WHADVP when )WHADVP (S (NP *UNKC Fitzwater )NP (VP explained (NP (NP the constitutional argument )NP (VP based (PP on (NP (NP the provisions )NP (ADVP above )ADVP )NP )PP )VP )NP (PP to (NP the White House press *UNK )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP President Bush )NP (VP does n't (VP have (NP any provision )NP (PP in (NP mind )NP )PP )VP )VP )S , but (S (NP *UNK- *UNK )NP (VP will (VP be (PP like (NP (NP *UNK )NP (PP at (NP midnight )NP )PP )NP )PP (PP in (NP the coming *UNKING Resolution )NP )PP )VP )VP )S . )S  STOP
(S (NP The harder question )NP (VP is (SBAR whether (S (NP anyone )NP (ADVP yet )ADVP (VP *UNK (SBAR that (S (NP (NP (NP Mr. Bush 's )NP fight )NP (PP for (NP his constitutional *UNK )NP )PP )NP (VP is (PP about (NP politics )NP )PP (ADVP (ADVP as much )ADVP (SBAR as (S (NP it )NP (VP is (PP about (NP law )NP )PP )VP )S )SBAR )ADVP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP We )NP (VP have (VP been (VP persuaded (PP by (NP (NP the constitutional argument )NP (PP for (NP the *UNK line-item veto )NP )PP )NP )PP (PP since (NP (NP 1987 )NP , (SBAR (WHADVP when )WHADVP (S (NP lawyer Stephen *UNKC )NP (ADVP first )ADVP (VP made (NP the case )NP (PP on (NP this page )NP )PP )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S (NP The 1974 budget `` reform )NP , '' (S (VP passed (PP over (NP (NP President Nixon 's )NP veto )NP )PP )VP )S , (VP took (PRT away )PRT (NP the presidential *UNK power )NP , (S (ADVP thereby )ADVP (VP (VP introducing (NP *UNK *UNKC )NP )VP and (VP *UNKING (NP the presidential veto )NP )VP )VP )S )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP discovered (SBAR that (S (NP the *UNKC )NP (VP had (VP worried (SBAR that (S (NP Congress )NP (VP might (VP take (NP the President )NP (PP out (PP of (NP the *UNK )NP )PP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC I )NP , (NP Section 7 )NP , (NP *UNKC 3 )NP )NP (VP says (SBAR that (S (SBAR whether (S (NP it )NP (VP 's (VP called (S (NP (NP an `` order , resolution or vote '' )NP or (NP anything else )NP )NP )S )VP )VP )S )SBAR , (NP *UNKC )NP (VP must (VP have (NP the chance (S (VP to (VP veto )VP )VP )S )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (VP *UNKING (S (NP an *UNK budget )NP (NP a `` bill '' )NP )S )VP )S (VP ca n't (VP *UNK (NP the President )NP (PP of (NP his power (S (VP to (VP veto (NP items )NP )VP )VP )S )NP )PP )VP )VP . )S  STOP
(S (S (S (VP *UNKING (NP a test case )NP )VP )S (VP should n't (VP be (ADJP hard )ADJP )VP )VP )S , but (S (NP there )NP (VP is (NP (NP something )NP (SBAR (S (VP to (VP be (VP said (PP for (S (VP picking (NP (NP the best one )NP (ADJP possible )ADJP )NP )VP )S )PP )VP )VP )VP )S )SBAR )NP )VP )S . )S  STOP
(S (S (NP The White House )NP (VP had (NP the perfect case )NP )VP )S , but (S (NP Congress )NP (VP *UNKED (SBAR before (S (NP it )NP (VP could (VP go (PP to (NP court )NP )PP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (SBAR After (S (NP the HUD and S&L stories )NP (VP broke )VP )S )SBAR , (NP some *UNKC )NP (VP began (S (VP to (VP worry (SBAR that (S (NP (NP their influence *UNKING )NP (PP at (NP (ADJP *UNK- and independent )ADJP agencies )NP )PP )NP (VP might (NP some day )NP (VP get (S (NP them )NP (PP in (NP trouble )NP )PP )S )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP They )NP (VP worried (PP about (NP an *UNKC Department *UNK (S (VP to (VP *UNK (NP (NP all communications )NP (PP with (NP (NP Members )NP or (NP their staffs )NP )NP )PP )NP )VP )VP )S )NP )PP )VP . )S  STOP
(S (S (NP Congress )NP (VP *UNKED (NP the following )NP (PP into (NP the *UNKC *UNK )NP )PP )VP )S : `` (S (NP (NP None )NP (PP of (NP (NP the funds )NP (ADJP available (PP under (NP this title )NP )PP )ADJP )NP )PP )NP (VP may (VP be (VP used (S (VP to (VP prepare (NP (NP reports )NP (PP on (NP (NP contacts )NP (PP between (NP (NP (NP employees )NP (PP of (NP (NP the *UNKC )NP (PP of (NP the *UNKC )NP )PP )NP )PP )NP and (NP (NP (NP Members and committees )NP (PP of (NP Congress )NP )PP )NP and (NP their staff )NP )NP )NP )PP )NP )PP )NP )VP )VP )S )VP )VP )VP )S . '' )S  STOP
(S (NP The White House )NP (VP warned (SBAR that (S (NP this )NP (VP would (VP be (NP (NP an *UNK *UNK )NP (PP of (NP its power )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP it )NP (VP threatened (S (VP to (VP use (NP this provision )NP (PP as (NP (NP the test )NP (PP for (NP a line-item veto )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR , (NP Congress )NP (VP *UNKED )VP . )S  STOP
(S (NP (NP The fear )NP (SBAR (S (NP Congress )NP (VP has )VP )S )SBAR (PP of (NP any *UNK- test )NP )PP )NP (VP led (S (NP Members )NP (VP to (VP add (NP (NP (NP the (ADJP single most *UNKED and ridiculous )ADJP provision )NP (NP this year )NP )NP , `` (S (NP This section )NP (VP shall (VP be (ADJP effective )ADJP (PP only on (NP Oct. 1 , 1989 )NP )PP )VP )VP )S )NP )VP )VP )S )VP . '' )S  STOP
(S (NP This )NP (VP means (SBAR (S (NP *UNKC contacts )NP (VP can not (VP be (VP *UNKED (PP only on (NP (NP one day )NP -- (NP (NP a Sunday )NP (SBAR (WHNP that )WHNP (S (VP had (ADVP already )ADVP (VP passed )VP )VP )S )SBAR )NP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR If (S (NP the White House )NP (VP is (VP looking (PP for (NP another *UNK bill )NP )PP )VP )VP )S )SBAR , (NP Rep. John *UNKC )NP (VP is (VP trying (ADVP again )ADVP (S (VP to (VP raise (NP the *UNKC *UNKC )NP (PP from (NP the dead )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP President Reagan )NP (VP *UNKED (NP this )NP (PP as (NP a First Amendment violation )NP )PP )VP . )S  STOP
(S (NP (NP The `` *UNKC '' *UNKC 's )NP *UNK )NP (VP are (NP (NP *UNK )NP (PP in (NP the House )NP )PP (SBAR (WHNP who )WHNP (S (VP know (SBAR (S (NP the rules )NP (VP *UNK (NP (NP *UNKLY discussions )NP (PP on (NP *UNK )NP )PP )NP , (S (VP *UNKING (NP *UNK *UNK )NP )VP )S )VP )S )SBAR )VP )S )SBAR )NP )VP . )S  STOP
(S (NP There )NP (VP are (ADVP also )ADVP (NP (NP (NP other provisions )NP (VP requiring (S (NP *UNKC )NP (VP to (VP join (NP *UNKING teams )NP )VP )VP )S )VP )NP and (NP (NP new restrictions )NP (PP on (NP *UNKC )NP )PP )NP )NP )VP . )S  STOP
(S (S (NP *UNKC bills )NP (VP make (NP good legal targets )NP )VP )S , but (S (NP the line-item veto )NP (VP is (VP (ADVP (ADVP better )ADVP )ADVP understood (PP as (NP a political opportunity )NP )PP (PP than (PP as (NP (NP mere *UNK )NP (PP for (NP lawyers )NP )PP )NP )PP )PP )VP )VP )S . )S  STOP
(S (S (VP *UNKING (PP on (NP the budget mess )NP )PP (NP this week )NP )VP )S , (NP President Bush )NP (VP said : `` (S (NP (NP The perception )NP (PP out (NP there )NP )PP )NP (VP is (SBAR that (S (NP it )NP (VP 's (NP (NP the fault )NP (PP of (NP Congress )NP )PP )NP )VP )S )SBAR )VP )S )VP . )S  STOP
(S And (NP you )NP (VP can (VP (VP look (PP to (NP the leadership )NP )PP )VP and (VP ask (NP them )NP (SBAR (WHADVP why )WHADVP (S (NP that )NP (VP is (NP (NP the perception )NP (PP of (NP the American people )NP )PP )NP )VP )S )SBAR )VP )VP )VP . '' )S  STOP
(ADJP *UNKLY right . )ADJP  STOP
(S (NP Now )NP (VP 's (NP (NP the time )NP (SBAR (S (VP to (VP make (NP (NP the political case )NP (SBAR that (S (NP *UNKC )NP (VP need (NP the line-item weapon )NP (S (VP to (VP restore (NP discipline )NP (PP to (NP the budget )NP )PP )VP )VP )S )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Congress )NP (VP is (PP in (NP (NP no position )NP (SBAR (S (VP to (VP *UNK (NP Mr. Bush )NP )VP )VP )S )SBAR )NP )PP (ADVP now (SBAR that (S (NP we )NP (VP 're (PP into (NP (NP Gramm-Rudman 's )NP *UNK )NP )PP )VP )S )SBAR )ADVP )VP . )S  STOP
(S (NP Just this week )NP , (NP (NP the House-Senate conference )NP )NP (VP met -- (NP (NP *UNKN *UNK )NP , (VP divided (PP into (NP 26 different *UNK )NP )PP )VP )NP )VP . )S  STOP
(S (NP Senator Daniel *UNKC )NP (VP agreed (S (VP to (VP close (NP (NP some bases )NP (PP in (NP Hawaii )NP )PP )NP (PP in (NP (NP exchange )NP (PP for (NP (NP such *UNK )NP (PP as (NP (NP (QP $ 11 million )QP )NP (PP for (NP (NP a parking lot )NP (PP at (NP Walter *UNKED Hospital )NP )PP )NP )PP )NP )PP )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Conference *UNK Rep. Bill *UNKC )NP (VP (VP pulled (PRT down )PRT (NP (NP (QP $ 40 million )QP )NP (PP in (NP (NP military bases )NP (PP for (NP North Carolina )NP )PP )NP )PP )NP )VP and (VP (ADVP *UNKLY )ADVP allowed (NP Senator James *UNKC )NP (NP (NP (QP $ 70 million )QP )NP (PP for (NP (NP bases )NP (PP in (NP Tennessee )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP President Bush )NP (VP should (VP (VP (VP take (NP the Constitution )NP (PP in (NP one hand )NP )PP )VP and (VP (NP a budget *UNK )NP (PP in (NP the other )NP )PP )VP )VP and (VP get (S (VP to (VP work )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP He )NP (VP should (VP *UNK (PRT out )PRT (NP both (NP *UNK provisions )NP and (NP budget *UNK )NP )NP )VP )VP . )S  STOP
(S (S (NP Congress )NP (VP may (VP have (VP lost (NP (NP any sense )NP (PP of (NP discipline )NP )PP )NP )VP )VP )VP )S , but (S (NP that )NP (VP does n't (VP mean (SBAR (S (NP the country )NP (VP must (VP learn (S (VP to (VP live (ADVP forever )ADVP (PP with (NP this mess )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (NP President Bush )NP (VP has (NP the power (S (VP to (VP change (SBAR (WHADVP how )WHADVP (S (NP Washington )NP (VP works )VP )S )SBAR )VP )VP )S )NP , (SBAR if only (S (NP he )NP (VP will (VP use (NP it )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKED SCI Television Inc. )NP (VP proposed (S (VP to (VP restructure (NP (NP much )NP (PP of (NP (NP its (QP $ 1.3 billion )QP )NP (PP in (NP debt )NP )PP )NP )PP )NP (S (VP to (VP buy (NP (NP time )NP (SBAR (S (VP to (VP (VP sell (NP assets )NP )VP and (VP pay (NP its obligations )NP )VP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP (NP The leveraged buy-out firm )NP (PP of (NP (NP *UNKC Kravis Roberts & Co. )NP , (SBAR (WHNP which )WHNP (S (VP owns (NP (NP 46 % )NP (PP of (NP (NP the common equity )NP (PP of (NP SCI TV )NP )PP )NP )PP )NP )VP )S )SBAR , )NP )PP )NP (VP indicated (PP in (NP the debt plan )NP )PP (SBAR that (S (NP it )NP (VP would (VP reduce (NP its equity stake )NP (PP to (NP 15 % )NP )PP , (S (VP giving (NP (NP the rest )NP (PP of (NP its stake )NP )PP )NP (PP to (NP (NP bondholders )NP (PP in (NP the restructuring )NP )PP )NP )PP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP KKR )NP (ADVP also )ADVP (VP signaled (PP to (NP (NP the company 's )NP creditors )NP )PP (SBAR that (S (NP (NP Henry Kravis )NP and (NP (NP other KKR directors )NP (PP of (NP SCI TV )NP )PP )NP )NP (VP would (VP (VP resign (PP from (NP the board )NP )PP (SBAR once (S (NP the restructuring )NP (VP is (VP completed )VP )VP )S )SBAR )VP and (VP *UNK (NP their voting rights )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP (NP (NP SCI TV 's )NP (QP $ *UNKN million )QP )NP (PP of (NP high-yield junk bonds )NP )PP )NP )PP )NP (VP are (VP being (VP asked (S (VP to (VP *UNK (NP (NP a lot )NP (PP of (NP debt )NP )PP )NP (PP in (NP (NP exchange )NP (PP for (S (VP taking (NP (NP a (ADJP 39 % )ADJP equity stake )NP (PP in (NP SCI TV )NP )PP )NP )VP )S )PP )NP )PP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP They )NP (VP (VP (ADVP immediately )ADVP *UNKED (S (NP the proposal )NP (ADJP inadequate )ADJP )S )VP and (VP said (SBAR (S (NP the restructuring )NP (VP would not (VP solve (NP (NP the company 's )NP problems )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(SINV `` (S (NP I )NP (VP think (SBAR (S (NP the current plan )NP (VP is (ADJP *UNKLY *UNKED (PP in (NP (NP a sufficient number )NP (PP of (NP (NP bondholders ' )NP eyes )NP )PP )NP )PP (SBAR that (S (NP substantial revisions )NP (VP will (VP be (VP required (S (VP to (VP get (S (NP it )NP (VP done )VP )S )VP )VP )S )VP )VP )VP )S )SBAR )ADJP )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP analyst Craig Davis )NP (PP of (NP (NP *UNKC Smith & Co. )NP (ADVP here )ADVP )NP )PP )NP . )SINV  STOP
(S (NP Investors )NP (VP interpreted (NP the KKR move )NP (PP as (NP (NP a desire )NP (PP by (NP the firm )NP )PP (S (VP to (VP *UNK (NP its hands )NP (PP of (NP SCI TV )NP )PP )VP )VP )S )NP )PP )VP . )S  STOP
(S But (NP (NP a spokesman )NP (PP for (NP KKR )NP )PP )NP (VP says (SBAR that (S (PP with (NP only a (ADJP 15 % )ADJP equity stake )NP )PP , (NP (NP it )NP )NP (VP would n't (VP be (ADJP appropriate )ADJP (SBAR for (S (NP KKR )NP (VP to (VP keep (NP board representation )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP KKR )NP (ADVP already )ADVP (VP has (VP made (NP (NP (QP about $ 1 billion )QP )NP (PP of (NP (NP gains )NP (PP from (NP (NP earlier transactions )NP (PP with (NP SCI TV )NP )PP )NP )PP )NP )PP )NP )VP )VP )S , (S (ADVP thus )ADVP (NP it )NP (VP is n't (ADJP significantly affected (PP by (NP (NP the company 's )NP troubles )NP )PP )ADJP )VP )S . )S  STOP
(S (NP (NP SCI TV )NP , (SBAR (WHNP which )WHNP (S (VP is (VP controlled (PP by (NP (NAC *UNKC , Tenn. , )NAC entrepreneur George Gillett )NP )PP )VP )VP )S )SBAR , )NP (VP owns (NP (NP six TV stations )NP , (PP including (NP several CBS Inc. affiliates )NP )PP )NP )VP . )S  STOP
(S (NP It )NP (VP is (VP having (NP (NP trouble )NP (S (VP meeting (NP its debt payments )NP )VP )S )NP (PP because of (NP (NP heavy borrowing )NP (PP in (NP 1987 )NP )PP (PP for (NP a leveraged buy-out )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP Through (NP investment banker Drexel Burnham Lambert Inc. )NP )PP , (NP SCI TV )NP (VP is (VP offering (S (VP to (VP exchange (NP (NP three classes )NP (PP of (NP junk bonds )NP )PP )NP (PP for (NP (NP packages )NP (PP of (NP new bonds and equity )NP )PP (SBAR (WHNP that )WHNP (S (NP investors )NP (VP value (PP at (NP (NP ranges )NP (PP (PP from (NP 20 cents )NP )PP (PP to (NP (NP 70 cents )NP (PP on (NP the dollar )NP )PP )NP )PP )PP )NP )PP )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP KKR )NP (VP would (VP give (PRT up )PRT (NP a (ADJP 31 % )ADJP equity stake )NP (PP to (NP bondholders )NP )PP , (SBAR while (S (NP Mr. Gillett )NP (VP would (VP surrender (NP an (ADJP 8 % )ADJP stake )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (SBAR While (S (NP one big SCI TV investor )NP (VP thinks (SBAR (S (NP that )NP (VP 's (ADJP pretty generous )ADJP )VP )S )SBAR )VP )S )SBAR , (NP many *UNK )NP (VP had (VP been (VP hoping (SBAR that (S (NP (NP KKR )NP and (NP Mr. Gillett )NP )NP (VP would (VP invest (NP new money )NP (PP in (NP SCI TV )NP )PP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP Those investors )NP (VP think (SBAR (S (NP SCI TV )NP (VP needs (NP new equity )NP (S (VP to (VP survive )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP SCI TV 's )NP debt restructuring plan )NP (VP would (VP *UNK (NP (NP payment )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP bank debt )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP It )NP (ADVP also )ADVP (VP would (VP *UNK (NP (NP interest and principal )NP (PP on (NP (NP junk bonds )NP (SBAR (WHNP that )WHNP (S (VP have (VP fallen (S (ADJP due )ADJP )S )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S ; (S (NP (NP the *UNK period )NP (PP for (S (VP paying (NP the bill )NP )VP )S )PP )NP (VP expires (NP Nov. 16 )NP )VP )S . )S  STOP
(S (PP At (NP the same time )NP )PP , (NP investors )NP (VP estimate (SBAR (S (NP the restructuring )NP (VP would (VP cut (NP (NP the company 's )NP annual cash interest bill )NP (PP from (NP (QP about $ 90 million )QP )NP )PP (PP to (NP (QP $ 85 million )QP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Yet )ADVP (S (VP to (VP pay (NP that interest bill )NP )VP )VP )S , (NP analysts )NP (VP say (SBAR (S (NP SCI TV )NP (VP will (ADVP only )ADVP (VP produce (NP (NP (QP about $ 80 million to $ 90 million )QP )NP (PP of (NP cash flow )NP )PP (NP a year )NP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Office Market )NP (VP *UNKC (PP In (NP *UNKC Northeast )NP )PP )VP )S  STOP
(S (NP THE *UNKC office market )NP (VP is (VP feeling (NP (NP serious *UNK )NP (PP of (NP (NP the *UNK *UNKING )NP (PP of (NP the 1980s )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP and (NP (NP other signs )NP (PP of (NP financial *UNK )NP )PP )NP )NP , (S (ADVP most often )ADVP (VP associated (PP with (NP (NP the real estate market )NP (PP in (NP the Southwest )NP )PP )NP )PP )VP )S , (VP are (VP *UNKING (PP in (NP (NP the suburban office market )NP (PP of (NP the (ADJP once *UNKING )ADJP Northeast )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Some projects )NP )NP (VP are (ADVP now )ADVP (PP in (NP (NP the hands )NP (PP of (NP lenders )NP )PP )NP )PP , (PP including (NP (NP a *UNK- office facility )NP (PP in (NP (NP Little *UNKC )NP , (NP N.J )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The owners )NP (PP of (NP (NP a *UNK- hotel and office complex )NP (PP in (NP (NP (NP King )NP (PP of (NP *UNKC )NP )PP )NP , (NP Pa. )NP , )NP )PP )NP )PP )NP (VP have (VP *UNKED (PP for (NP new financing )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKING office vacancy rates )NP (PP in (NP (NP *UNKC County )NP , (NP Conn. )NP , )NP )PP )NP (VP have (S (NP builders and bankers )NP (VP *UNKING (S (VP to (VP restructure (NP loans )NP )VP )VP )S )VP )S )VP . )S  STOP
(S And (PP in (NP suburban Boston )NP )PP , (NP developers )NP (VP are (VP *UNKING (PP for (NP (NP *UNK )NP (PP in (NP (NP the computer industry )NP , (NP (NP a major user )NP (PP of (NP office space )NP )PP )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(SINV (S (NP Many troubled properties )NP (VP (VP have n't (VP been (VP *UNKED (PP on )PP )VP )VP )VP and (VP are (ADJP hard (SBAR (S (VP to (VP identify )VP )VP )S )SBAR )ADJP )VP )VP )S , (VP says )VP (NP (NP Albert I. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP heads (NP (NP the (NAC *UNKC , N.J. , )NAC office )NP (PP of (NP (NP *UNKC Inc. )NP , (NP a real estate brokerage )NP )NP )PP )NP )VP )S )SBAR )NP . )SINV  STOP
(S (NP *UNKC )NP (VP are (ADVP (ADVP *UNKLY )ADVP (PRN -- and (ADVP quietly )ADVP -- )PRN )ADVP (VP turning (PRT over )PRT (NP properties )NP (PP to (NP lenders )NP )PP (PP through `` (NP (NP *UNK )NP (PP in (NP (NP *UNK )NP (PP of (NP *UNK )NP )PP )NP )PP )NP )PP )VP )VP . '' )S  STOP
(S (ADVP *UNKC )ADVP , (NP developers )NP (VP stay (PRT on )PRT (PP as (NP property manager )NP )PP )VP . )S  STOP
(S (NP Real estate analyst Lloyd *UNKC )NP (VP says (SBAR (S (NP (NP the Northeast 's )NP *UNK )NP (VP is (VP *UNKED (PP by (NP relatively low vacancy rates )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S But (PP in (NP (NP today 's )NP *UNK market )NP )PP , (NP *UNK )NP (VP (VP have (NP many choices )NP )VP and (VP are (VP negotiating (NP (NP low *UNK )NP (SBAR (WHNP that )WHNP (S (VP squeeze (NP building owners )NP )VP )S )SBAR )NP )VP )VP )VP . )S  STOP
(S (PP On (NP average )NP )PP (PRN , (S (NP Mr. *UNKC )NP (VP says )VP )S , )PRN (NP (NP it )NP )NP (ADVP now )ADVP (VP takes (NP (QP three to 3 1\/2 )QP years )NP (S (VP to (VP fill (NP new office space )NP )VP )VP )S , (PP compared (PP with (NP (NP (QP 2 1\/2 )QP years )NP (PP in (NP 1988 )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP Beverly Hills )NP (VP *UNKC (PP To (NP *UNKC Tokyo )NP )PP )VP )S  STOP
(SBARQ (WHADVP *UNKC )WHADVP (SQ *UNKC (NP the Japanese )NP (VP cross (NP the Pacific )NP (S (VP to (VP buy (NP American real estate )NP )VP )VP )S (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP can (ADVP simply )ADVP (VP *UNK (NP it )NP (PP at (NP home )NP )PP )VP )VP )S )SBAR )VP )SQ ? )SBARQ  STOP
(S (NP Tokyu Development Corp. )NP (VP is (VP spending (NP (QP $ 500 million )QP )NP (S (VP to (VP build (NP (NP *UNKC luxury homes )NP )NP (PP in (NP suburban Tokyo )NP )PP (PP with (NP (ADJP rarely seen )ADJP (NX (NX back *UNK )NX , (NX front *UNK )NX , (NX *UNKING *UNK )NX and (NX *UNK courts )NX )NX )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP The Japanese company )NP (VP hired (NP (NP *UNKC *UNKC Martin )NP , (NP a (NAC Newport Beach , Calif. , )NAC *UNK firm )NP , )NP (S (VP to (VP design (SBAR (WHNP what )WHNP (S (NP the Japanese press )NP (VP has (VP dubbed (S `` (NP (NP the Beverly Hills )NP (PP of (NP Tokyo )NP )PP )NP )S )VP )VP )S )SBAR )VP )VP )S )VP . '' )S  STOP
(S (PP Instead of (NP (NP (NP Japan 's )NP typical small homes )NP (VP *UNKED (PP on (NP (NP narrow streets )NP (PP with (NP no *UNK )NP )PP )NP )PP )VP )NP )PP , (NP the new `` One *UNKED Hills '' development )NP (VP will (VP offer (NP (NP 65 houses )NP (PP on (NP *UNK- lots )NP )PP )NP )VP )VP . )S  STOP
(S (NP That )NP (VP 's (NP (QP more than 10 times )QP the usual housing site size )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP with (NP (NP (QP $ 6 million )QP )NP (SBAR (S (VP to (VP spend )VP )VP )S )SBAR )NP )PP )NP (VP can (VP select (PP from (NP (NP 11 designs )NP , (PP including (NP (NP a *UNKED California style )NP , (NP a traditional *UNKC look )NP and (NP (NP designs )NP (VP inspired (PP by (NP *UNKC *UNK Frank Lloyd Wright )NP )PP )VP )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP There )NP (VP are (S (NP (NP *UNK living rooms and *UNK )NP , plus (NP a master *UNK *UNK )NP and (NP (NP a *UNK )NP (PP for (S (VP removing (NP shoes )NP )VP )S )PP )NP )NP (VP to (VP suit (NP Japanese life *UNK )NP )VP )VP )S )VP . )S  STOP
(S (S (NP *UNKC )NP (VP are (VP faced (PP with (NP brick , wood or *UNK )NP )PP )VP )VP )S , but (S (NP the homes )NP (VP are (VP made (PP of (NP *UNKED concrete )NP )PP )VP )VP )S . )S  STOP
(S `` (S (NP We )NP (VP were (ADJP disappointed (SBAR (S (NP we )NP (VP could n't (VP use (NP wood )NP )VP )VP )S )SBAR )ADJP )VP )S , '' (PRN (SINV (VP says )VP (NP *UNK Walter J. *UNKC )NP )SINV )PRN , `` but (S (NP the Japanese )NP (ADVP only )ADVP (VP want (NP stronger materials )NP )VP )S . '' )S  STOP
(S (PP At (NP (NP $ 1,000 )NP (PP per (NP square foot )NP )PP )NP )PP , (NP the Japanese )NP (VP want (NP (NP (NP the feeling )NP (PP of (NP *UNK )NP )PP )NP (PRN , (S (NP he )NP (VP explains )VP )S , )PRN (CONJP not to mention )CONJP (NP (NP protection )NP (PP from (NP possible earthquake damage )NP )PP )NP )NP )VP . )S  STOP
(S (NP Housing *UNKC )NP (VP *UNKC (NP *UNKC *UNKC )NP )VP )S  STOP
(S (NP *UNKC builders )NP , (S (VP faced (PP with (NP a (ADJP more competitive )ADJP market )NP )PP )VP )S , (VP are (VP turning (PP to (NP a traditional consumer marketing technique )NP )PP (S (VP to (VP establish (NP *UNK- identity )NP )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP (NP One )NP (PP of (NP (NP the difficulties )NP (SBAR (S (NP (NP people )NP (PP in (NP real estate )NP )PP )NP (VP have )VP )S )SBAR )NP )PP )NP (VP is (SBAR that (S (NP each product )NP (VP is (PP like (S (VP (VP starting (NP a new company )NP )VP , or (VP starting (NP (NP a new line )NP (PP in (NP the fashion business )NP )PP )NP )VP )VP )S )PP )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP L. Robert *UNKC )NP (NP (NP president )NP (PP of (NP (NP Mountain Development Corp. )NP (PP in (NP (NP West *UNKC )NP , (NP N.J )NP )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S So (NP he )NP (VP 's (VP using `` (NP river )NP '' (PP in (NP many project names )NP )PP )VP )VP . )S  STOP
(S `` (S (NP It )NP (VP 'll (ADVP never )ADVP (VP be (PP like (SBAR (WHNP what )WHNP (S (NP Bristol-Myers )NP (VP does )VP )S )SBAR )PP )VP )VP )S , '' (PRN (S (NP he )NP (VP adds )VP )S )PRN , `` but (S (NP it )NP (VP helps (S (VP establish (NP recognition )NP (PP (PP with (NP the public )NP )PP -- and (PP with (NP banks )NP )PP )PP )VP )S )VP )S . '' )S  STOP
(S (NP (NP *UNKC Group Inc. )NP (PP of (NP (NP *UNKC )NP , (NP N.J. )NP , )NP )PP )NP (VP has (VP built (NP (NP Cross Creek *UNKC )NP , (NP *UNKC *UNKC )NP and (NP (NP other *UNKC )NP (PP in (NP New Jersey )NP )PP )NP )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC Development Corp )NP (PP of (NP (NP *UNKC )NP , (NP N.Y. )NP , )NP )PP )NP (VP (VP has (VP developed (NP (NP two apartment buildings )NP (VP called (S (ADJP *UNKC )ADJP )S )VP )NP )VP )VP and (VP plans (NP a third )NP )VP )VP . )S  STOP
(S (NP *UNKC Steve *UNKC )NP (VP says (SBAR (S (NP the same brand name )NP (VP indicates (NP consistent quality )NP , `` (ADVP regardless (PP of (NP location , design or *UNK )NP )PP )ADVP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP The leader )NP (PP in (NP real estate brand names )NP )PP )NP (VP is (NP developer *UNKC *UNKC )NP )VP . )S  STOP
(S (NP His *UNK- *UNK )NP (VP are (VP *UNKED (S (NP Society Hill )NP )S )VP )VP . )S  STOP
(S (S (NP *UNKC Hill )NP (VP is (PP for (NP `` *UNK- '' town houses )NP )PP )VP )S , and (S (NP *UNKC Hill )NP , (PP for (NP *UNKLY houses )NP )PP )S . )S  STOP
(S (PP Because of (NP *UNKED designs )NP )PP (PRN , (S (NP Mr. *UNKC )NP (VP says )VP )S , )PRN `` (NP a buyer )NP (VP can (VP *UNK (NP Society Hill )NP (ADVP regardless (PP of (SBAR (WHADVP where )WHADVP (S (NP it )NP (VP is )VP )S )SBAR )PP )ADVP )VP )VP . '' )S  STOP
(FRAG (NP *UNKC )NP (ADJP Not *UNKLY (S (VP to (VP *UNKC (NP The Commercial Market )NP )VP )VP )S )ADJP )FRAG  STOP
(S (NP (NP THE *UNKC )NP (PP in (NP San Francisco )NP )PP )NP (VP has (VP sent (NP few *UNK )NP (PP through (NP (NP the *UNK )NP (PP of (NP real estate investors )NP )PP )NP )PP )VP )VP . )S  STOP
(SINV `` (S (S (NP I )NP (VP think (SBAR (S (NP there )NP (VP 's (NP (NP a disease )NP (VP called (S (NP (NP buyer 's )NP *UNK )NP )S )VP )NP )VP )S )SBAR )VP )S , and (S (NP I )NP (VP 'm (ADJP sure (SBAR (S (NP it )NP (VP 's (VP running (S (ADJP *UNK )ADJP )S (PP at (NP this moment )NP )PP )VP )VP )S )SBAR )ADJP )VP )S , but (S (NP it )NP (VP gets (VP *UNKED (PP in (NP (NP a short period )NP (PP of (NP time )NP )PP )NP )PP )VP )VP )S )S , '' (VP says )VP (NP (NP Kenneth *UNKC )NP , (NP (NP *UNKING partner )NP (PP of (NP (NP Kenneth *UNKC & Co. )NP , (NP (NP a Los Angeles accounting firm )NP (VP specializing (PP in (NP real estate )NP )PP )VP )NP )NP )PP )NP )NP . )SINV  STOP
(S `` (SBAR If (S (NP I )NP (VP were (VP buying (NP (NP a building )NP (PP in (NP San Francisco )NP )PP )NP (ADVP now )ADVP )VP )VP )S )SBAR (S (NP (NP the first thing )NP (SBAR (S (NP I )NP (VP 'd (VP do )VP )VP )S )SBAR )NP (VP is (VP insist (PP on (NP a structural *UNK )NP )PP )VP )VP )S , (S (ADVP then )ADVP (NP I )NP (VP 'd (VP (VP delay (NP a little )NP )VP , (VP *UNK (NP a little )NP )VP )VP )VP )S . '' )S  STOP
(S But (PP like (NP (NP other real estate professionals )NP (VP *UNKED (PP to (NP (NP California 's )NP quake risks )NP )PP )VP )NP )PP , (NP Mr. *UNKC )NP (VP anticipates (NP (NP little long-term change )NP (PP in (NP (NP the city 's )NP commercial real estate market )NP )PP )NP )VP . )S  STOP
(S (ADVP Still )ADVP , (NP local builders )NP (VP are (ADJP eager (S (VP to (VP tell (NP the world )NP (SBAR that (S (NP (NP most )NP (PP of (NP San Francisco )NP )PP )NP (VP does n't (VP look (PP like (NP (NP the TV images )NP (PP of (NP destruction )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP )S )ADJP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP the Urban Land Institute real estate conference )NP )PP )NP (NP this week )NP (VP (ADVP *UNKLY )ADVP added (NP (NP a panel )NP (PP on (NP (NP the quake 's )NP effects )NP )PP )NP )VP . )S  STOP
(SINV `` (S (NP The message )NP (VP is (SBAR (S (NP we )NP (VP build (NP *UNK )NP (ADVP right )ADVP )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP Peter *UNKC )NP , (NP (NP a California developer )NP and (NP (NP officer )NP (PP at (NP Urban Land Institute )NP )PP )NP )NP )NP . )SINV  STOP
(S `` (NP There )NP (VP 's (NP (NP (QP seven million )QP square feet )NP (PP of (NP space )NP )PP (SBAR (WHNP that )WHNP (S (VP 's (VP doing (ADVP great )ADVP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP gear (PRT up )PRT (PP for (NP a *UNKING *UNK )NP )PP )VP . )S  STOP
(S (SBAR Although (S (NP their ads )NP (VP picture (NP (NP *UNK young people )NP (PP in (NP *UNK *UNK )NP )PP )NP )VP )S )SBAR , (NP club owners )NP (VP know (SBAR (S (NP the future )NP (VP lies (PP with (NP the *UNK *UNK- set )NP )PP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP (NP It )NP )NP (VP 's (NP a *UNK )NP (SBAR that (S (NP physical fitness )NP (VP is (NP (NP something )NP (PP for (NP the young and *UNKED )NP )PP )NP )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP Michael *UNKC )NP , (NP (NP sales manager )NP (PP of (NP (NP the *UNK *UNKC club )NP , (NP (NP *UNKC *UNKC )NP , (NP Calif )NP )NP )NP )PP )NP )NP . )SINV  STOP
(SINV (S (NP (NP (QP About 10 % to 15 % )QP )NP (PP of (NP (NP members )NP (PP at (NP (NP Atlanta 's )NP Holiday *UNKC Center )NP )PP )NP )PP )NP (VP are (ADJP elderly )ADJP )VP )S , (VP says )VP (NP (NP Gerald Williams )NP , (NP fitness consultant )NP )NP . )SINV  STOP
(S `` (NP Most )NP (VP want (NP (NP *UNK *UNKING )NP ... (NP (NP the No. 1 way )NP (PP of (S (VP reducing (NP (NP risk )NP (PP of (NP heart disease )NP )PP )NP )VP )S )PP )NP )NP )VP . '' )S  STOP
(S (NP (NP The Association )NP (PP of (NP *UNKC *UNKC )NP )PP , (SBAR (WHNP which )WHNP (S (VP puts (NP 1988 industry revenue )NP (PP at (NP (QP $ 5 billion )QP )NP )PP )VP )S )SBAR , )NP (VP (VP surveyed (NP the *UNK- *UNK- market )NP )VP and (VP found (SBAR that (S (NP 43 % )NP (VP exercise (ADVP regularly )ADVP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Michael *UNKC )NP , (NP (NP head )NP (PP of (NP *UNKC *UNKC )NP )PP )NP , )NP (VP notes (SBAR (S (NP an industry `` *UNK '' )NP (VP is (PP in (NP progress )NP )PP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP *UNKC )NP (VP need (S (VP to (VP be (VP run (PP like (NP (NP restaurants )NP (SBAR (WHADVP where )WHADVP (S (NP every square foot )NP (VP makes (NP a dollar )NP )VP )S )SBAR )NP )PP )VP )VP )VP )S )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP *UNKC people )NP (VP help (NP profits )NP (PP by (S (VP filling (PRT in )PRT `` (NP *UNK )NP )VP )S )PP )VP . '' )S  STOP
(S (NP He )NP (VP adds : `` (S (NP (NP The medical market )NP and (NP the fitness market )NP )NP (VP (VP *UNK (NP each other )NP )VP and (VP are (VP going (S (VP to (VP cross (ADVP real soon )ADVP )VP )VP )S )VP )VP )VP )S )VP . '' )S  STOP
(S (S (NP (NP People )NP (PP on (NP fixed *UNK )NP )PP )NP (VP get (NP (NP a break )NP (PP at (NP *UNKC )NP )PP )NP )VP )S ; (S (NP over 55 )NP (VP wins (NP (NP a (ADJP 45 % )ADJP discount )NP (PP at (NP *UNKC Imperial Health *UNKC )NP )PP )NP )VP )S . )S  STOP
(S (NP `` *UNKC '' *UNKC )NP (VP *UNK (NP regulator , *UNK concern )NP (PP over (NP (NP import )NP (PP of (NP *UNKED *UNK )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP A committee )NP (PP of (NP *UNK dealers )NP )PP )NP (VP *UNK (NP (NP the source )NP (PP of (NP (NP some `` hot '' blue *UNK *UNK )NP (VP (ADVP recently )ADVP reported (PP by (NP a Hong Kong jewelry manufacturer )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP the U.S. )NP )PP , (NP radiation limits )NP (VP are (VP set and monitored (PP by (NP (NP the *UNKC *UNKC Commission )NP , (SBAR (WHNP which )WHNP (S (VP licenses (NP (NP *UNK )NP (SBAR (WHNP that )WHNP (S (VP process (NP the *UNK )NP )VP )S )SBAR )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP The agency )NP (VP (VP is (VP working (PP on (S (VP *UNKING (NP *UNK )NP )VP )S )PP )VP )VP but (VP does n't (ADVP currently )ADVP (VP monitor (NP imports )NP )VP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP (NP a *UNK *UNK )NP (SBAR (WHNP that )WHNP (S (VP is (ADVP often )ADVP (ADJP *UNK )ADJP (SBAR (WHADVP when )WHADVP (S (VP taken (PP from (NP the ground )NP )PP )VP )S )SBAR )VP )S )SBAR )NP , )NP (VP can (VP be (VP turned (S (ADJP blue )ADJP )S (PP by (NP (NP *UNK )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP it )NP (PP into (NP (NP a *UNK )NP (SBAR (WHNP that )WHNP (S (VP looks (PP like (NP an *UNK )NP )PP )VP )S )SBAR )NP )PP )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(SINV `` (S (NP (NP The -LCB- *UNK -RCB- )NP (SBAR (WHNP that )WHNP (S (VP were (VP *UNKED (PP in (NP the U.S. )NP )PP )VP )VP )S )SBAR )NP (VP are (ADJP safe )ADJP )VP )S , '' (VP says )VP (NP (NP John *UNKC )NP , (NP (NP chief )NP (PP of (NP (NP the *UNKC operations branch )NP , (NP Washington )NP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP We )NP (VP believe (SBAR that (S (NP (NP the vast majority )NP (PP of (NP imported material )NP )PP )NP (VP is (ADJP safe )ADJP )VP )S )SBAR )VP . )S  STOP
(S But (NP there )NP (VP is (NP a small risk (SBAR that (S (NP (NP some )NP )NP (VP were (VP imported (PP with (NP high radiation levels )NP )PP )VP )VP )S )SBAR )NP )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP added (SBAR that (S (NP (NP the stones )NP (VP found (PP in (NP Hong Kong )NP )PP )VP )NP (VP are (VP thought (S (VP to (VP carry (NP double the U.S. radiation limit )NP )VP )VP )S )VP )VP )S )SBAR , (SBAR although (S (NP he )NP (VP noted (SBAR that (S (NP (QP double or even *UNK )QP the U.S. limit )NP (VP is `` (ADVP still )ADVP (PP in (NP (NP the range )NP (PP of (NP safe levels )NP )PP )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (NP Some *UNK )NP (VP have (NP (NP *UNKC *UNK )NP (SBAR (S (VP to (VP measure (NP *UNK radiation )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP *UNKC (PP to (NP Europe )NP )PP (SBAR as (S (NP 1992 *UNK )NP (VP *UNK )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Boston 's )NP *UNKC International )NP (VP raises (NP (NP (QP $ 230 million )QP )NP )NP (PP from (NP (NP U.S. pension funds )NP and (NP other institutions )NP )NP )PP (SBAR (S (VP to (VP invest (PP in (NP Europe )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Other venture capitalists )NP (VP are (ADVP already )ADVP (ADVP there )ADVP )VP )S : (S (NP (NP (NP (NP *UNKC *UNKC Group )NP and (NP its Alan *UNKC Associates )NP )NP , (NP New York )NP )NP ; (NP (NP *UNKC , *UNKC , *UNKC & Co. )NP , (NP Boston )NP )NP ; and (NP (NP San Francisco 's )NP Hambrecht & Quist )NP )NP (VP have (NP (NP (QP about $ 800 million )QP )NP (SBAR (S (VP to (VP invest (PP in (NP European companies )NP )PP )VP )VP )S )SBAR )NP )VP )S . )S  STOP
(S (NP European venture capital funds )NP (VP (VP total (NP (QP about $ 14 billion )QP )NP )VP and (VP are (VP expected (S (VP to (VP continue (S (VP growing (NP 35 % )NP (ADVP annually )ADVP )VP )S )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP believe (SBAR that (S (NP the strongest growth area )NP (VP will (VP be (NP southern Europe )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Spain and Italy )NP (VP are (ADVP most often )ADVP (VP mentioned (PP as (NP the future economic hot spots )NP )PP )VP )VP . )S  STOP
(S (NP *UNKED ventures )NP (VP include (NP media , telecommunications and retailing )NP )VP . )S  STOP
(NP (NP (ADJP Most popular )ADJP acquisition method )NP : (NP the leveraged buy-out )NP . )NP  STOP
(SINV (S (NP (NP *UNKED firms )NP (SBAR (WHNP that )WHNP (S (VP need (NP cash )NP (S (VP to (VP grow )VP )VP )S )VP )S )SBAR )NP (VP are (ADJP attractive )ADJP )VP )S , (VP says )VP (NP (NP John Turner )NP (PP of (NP (NP *UNKC *UNKC )NP , (NP *UNKC )NP )NP )PP )NP . )SINV  STOP
(S (NP (NP *UNK AIDS *UNKC )NP (PP from (NP (NP the American Foundation )NP (PP for (NP AIDS Research )NP )PP )NP )PP )NP (VP rates and reviews (NP educational materials )NP )VP . )S  STOP
(S (NP `` *UNKING AIDS '' )NP (VP lists (NP (NP films )NP , (NP *UNK )NP , (NP *UNK )NP , (NP *UNK )NP and (NP other educational data )NP )NP )VP . )S  STOP
(S (NP The distributor )NP (VP is (NP (NP *UNKC *UNKC )NP , (NP New York )NP )NP )VP . )S  STOP
(S (NP *UNKC `` *UNKC '' ads )NP (VP are (VP challenged (PP by (NP (NP the Better Business Bureau )NP (PP of (NP Metropolitan New York )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The bureau )NP (VP found (SBAR that (S (NP (QP only two of six )QP New York furniture stores )NP (VP could (VP prove (SBAR (S (NP their *UNK prices )NP (VP were (ADJP higher )ADJP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP *UNKC )NP (VP 'S (ADJP *UNKC )ADJP (NP (NP this time )NP (PP of (NP year )NP )PP )NP )VP )S , but (S (NP (NP a visit )NP (PP to (NP his *UNKC *UNK )NP )PP )NP (VP is (NP (NP part )NP (PP of (NP (NP a Chicago-based *UNKC trip )NP (PP in (NP (NP the spring )NP , (PRN (ADVP *UNKLY )ADVP (NP (NP the count 's )NP *UNK- )NP )PRN )NP )PP )NP )PP )NP )VP )S . )S  STOP
(S (NP *UNKC *UNKC )NP (VP *UNK (NP (NP the *UNK )NP (PP of (NP the Federal Communications Commission )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNK radio )NP , (SBAR (WHNP which )WHNP (S (VP has (VP been (VP losing (NP *UNK )NP (PP to (NP *UNK channels )NP )PP (PP since (NP the 1970s )NP )PP )VP )VP )VP )S )SBAR , )NP (VP *UNK (NP the 1990s )NP (PP with (NP a diminished voice )NP )PP )VP . )S  STOP
(S But (NP it )NP (VP may (VP have (NP a good *UNK )NP (PP in (NP Washington )NP )PP )VP )VP . )S  STOP
(S (NP The FCC )NP (VP plans (S (VP to (VP hear (NP (NP a day )NP (PP of (NP (NP testimony )NP )NP )PP )NP (NP Nov. 16 )NP (PP on (NP (NP the *UNK )NP (PP of (NP AM radio )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The commission )NP (VP believes (SBAR that (S (S (VP improving (NP AM service )NP )VP )S (VP would (VP (VP *UNK (NP listening *UNK )NP )VP and (VP increase (NP options )NP (PP for (NP advertisers )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The issues )NP (VP are (ADVP also )ADVP (VP thought (S (VP to (VP be (ADJP important (PP to (NP (NP (NP the FCC 's )NP new chairman )NP , (NP Alfred *UNKC )NP , (NP (NP a former AM *UNK )NP (PP in (NP his native Missouri )NP )PP )NP )NP )PP )ADJP )VP )VP )S )VP )VP . )S  STOP
(S (NP The *UNK radio band )NP , (S (VP considered (S (ADJP *UNKLY superior )ADJP (SBAR because (S (NP it )NP (VP can (VP carry (NP *UNK *UNK )NP )VP )VP )S )SBAR )S )VP )S , (VP has (VP *UNKED (NP the *UNK )NP (PP for (S (VP delivering (NP music )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP AM *UNK )NP (VP remains (ADJP largely *UNKED )ADJP (SBAR because (S (NP it )NP (VP lacks (NP a uniform delivery system )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The National Association )NP (PP of (NP *UNKC )NP )PP )NP (PP in (NP June )NP )PP (VP adopted (NP (NP an agenda )NP (PP for (S (VP *UNKING (NP AM radio )NP )VP )S )PP (SBAR (WHNP that )WHNP (S (VP includes (PRN , (PP among (NP other things )NP )PP , )PRN (S (VP (VP pursuing (NP (NP further FCC action )NP (PP on (S (VP *UNKING (NP an AM *UNK standard )NP )VP )S )PP )NP )VP and (VP seeking (NP (NP a law )NP (VP requiring (S (NP all *UNK *UNK )NP (VP to (VP include (NP AM stereo )NP )VP )VP )S )VP )NP )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP turned (PP to (NP (NP *UNK )NP (VP run (PP on (NP *UNK )NP )PP )VP )NP )PP (PP for (NP news )NP )PP (SBAR (WHADVP when )WHADVP (S (NP (NP the San Francisco earthquake )NP and (NP Hurricane Hugo )NP )NP (VP cut (NP power lines )NP )VP )S )SBAR )VP . )S  STOP
(NP *UNKC : )NP  STOP
(S (NP A *UNKC Healthcare magazine article )NP (VP says (SBAR (S (NP (NP 40 % )NP (PP of (NP surveyed executives )NP )PP )NP (VP admitted (S (VP falling (S (ADJP *UNK )ADJP )S (PP during (NP formal *UNK )NP )PP )VP )S )VP )S )SBAR )VP ... . )S  STOP
(S (NP (NP Lee Co. )NP , (NP the *UNK maker )NP , )NP (VP *UNK (NP its *UNK *UNK )NP (PP with (NP (NP a *UNK *UNK )NP (VP featuring (NP (NP photos )NP (PP of (NP its 10,000 employees )NP )PP )NP )VP )NP )PP )VP . )S  STOP
(S (NP Kemper Financial Services Inc. )NP , (S (VP charging (SBAR that (S (NP program trading )NP (VP is (VP *UNKING (NP the stock market )NP )VP )VP )S )SBAR )VP )S , (VP cut (PRT off )PRT (NP four big Wall Street firms )NP (PP from (S (VP doing (NP (NP any )NP (PP of (NP its *UNKING business )NP )PP )NP )VP )S )PP )VP . )S  STOP
(S (NP The move )NP (VP is (NP (NP the biggest *UNK )NP (ADVP yet )ADVP (PP in (NP (NP the renewed outcry )NP (PP against (NP program trading )NP )PP )NP )PP )NP , (PP with (S (NP Kemper )NP (VP putting (NP (NP its money )NP -- (NP (NP the millions )NP (PP of (NP dollars )NP )PP (PP in (NP commissions )NP )PP (SBAR (S (NP it )NP (VP *UNK (NP each year )NP )VP )S )SBAR )NP -- )NP (SBAR (WHADVP where )WHADVP (S (NP its *UNK )NP (VP is )VP )S )SBAR )VP )S )PP )VP . )S  STOP
(S (NP (NP The Kemper Corp. unit )NP and (NP other critics )NP )NP (VP complain (SBAR that (S (NP program trading )NP (VP (VP causes (NP (NP (NP wild swings )NP (PP in (NP stock prices )NP )PP )NP , (PP such as (PP (PP on (NP Tuesday )NP )PP and (PP on (NP Oct. 13 and 16 )NP )PP )PP )PP )NP , )VP and (VP has (VP increased (NP (NP chances )NP (PP for (NP market *UNK )NP )PP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Over (NP the past nine months )NP )PP , (NP (NP several firms )NP , (PP including (NP (NP discount broker Charles *UNKC & Co. )NP and (NP (NP Sears , *UNKC & Co. 's )NP Dean Witter Reynolds Inc. unit )NP )NP )PP , )NP (VP have (VP attacked (NP program trading )NP (PP as (NP a major market *UNK )NP )PP )VP )VP . )S  STOP
(S (NP Several big securities firms )NP (VP backed (PRT off )PRT (PP from (NP program trading )NP )PP (PP (NP a few months )NP after (NP the 1987 crash )NP )PP )VP . )S  STOP
(S But (NP (NP most )NP (PP of (NP them )NP )PP )NP , (S (VP led (PP by (NP Morgan Stanley & Co. )NP )PP )VP )S , (VP moved (ADVP back in )ADVP (NP earlier this year )NP )VP . )S  STOP
(S (NP (NP The (ADJP most volatile )ADJP form )NP (PP of (NP program trading )NP )PP )NP (VP is (NP (NP index arbitrage )NP -- (NP (NP the *UNK- , computer-guided buying and selling )NP (PP of (NP stocks )NP )PP (VP offset (PP with (NP (NP opposite trades )NP (PP in (NP stock-index futures and options )NP )PP )NP )PP )VP )NP )NP )VP . )S  STOP
(S (NP The *UNK )NP (VP is (S (VP to (VP *UNK (NP (NP profits )NP (PP from (NP (NP *UNKING price *UNK )NP (PP between (NP (NP the futures and options )NP and (NP (NP the stocks )NP (NP themselves )NP )NP )NP )PP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP Index arbitrage )NP (ADVP recently )ADVP (VP has (VP accounted (PP for (NP (NP about half )NP (PP of (NP (NP all program trading )NP (PP on (NP the New York Stock Exchange )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Last month )NP , (NP program trading )NP (VP accounted (PP for (NP (NP (NP (QP *UNKN million )QP shares )NP (NP a day )NP )NP , or (NP (NP a record 13.8 % )NP (PP of (NP (NP the Big Board 's )NP average daily volume )NP )PP )NP )NP )PP )VP . )S  STOP
(S (S (PP On (NP Tuesday afternoon )NP )PP , (NP Kemper )NP (VP told (NP (NP Bear , Stearns & Co. )NP , (NP (NP General Electric Co. 's )NP Kidder , Peabody & Co. unit )NP , (NP Morgan Stanley )NP and (NP Oppenheimer & Co. )NP )NP (SBAR that (S (NP it )NP (VP will (ADVP no longer )ADVP (VP do (NP business )NP (PP with (NP them )NP )PP (PP because of (NP (NP their commitment )NP (PP to (NP index arbitrage )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S , (NP (NP officials )NP (PP inside and outside (NP these firms )NP )PP )NP (VP confirmed )VP . )S  STOP
(S (NP Kemper officials )NP (VP (VP declined (S (VP to (VP identify (NP the firms )NP )VP )VP )S )VP but (VP (VP acknowledged (NP (NP a *UNKING dispute )NP (PP with (NP four securities firms )NP )PP )NP )VP and (VP said (SBAR (S (NP (NP the list )NP (PP of (NP brokers )NP )PP (SBAR (S (NP it )NP (VP wo n't (VP do (NP business )NP (PP with )PP )VP )VP )S )SBAR )NP (VP may (VP be (VP *UNKED (PP in (NP the months ahead )NP )PP )VP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP 've (VP been (ADJP opposed (PP to '' (NP index arbitrage )NP `` )PP )ADJP (PP for (NP a long time )NP )PP )VP )VP )S , '' (VP said )VP (NP (NP Stephen B. *UNKC )NP , (NP (NP chief investment officer )NP (PP at (NP (NP Kemper )NP , (SBAR (WHNP which )WHNP (S (VP manages (NP (NP (QP $ 56 billion )QP )NP , (PP including (NP (NP (QP $ 8 billion )QP )NP (PP of (NP stocks )NP )PP )NP )PP )NP )VP )S )SBAR )NP )PP )NP )NP . )SINV  STOP
(S `` (S (NP Index arbitrage )NP (VP does n't (VP work )VP )VP )S , and (S (NP it )NP (VP *UNK (NP (NP natural buyers )NP '' (PP of (NP stock )NP )PP )NP )VP )S . )S  STOP
(S (SBAR While (S (NP Mr. *UNKC )NP (VP explained (SBAR (S (NP he )NP (VP 's `` not (ADVP totally )ADVP (VP convinced (SBAR (S (NP index arbitrage )NP (VP changes (NP (NP the overall level )NP (PP of (NP the stock market )NP )PP )NP )VP )S )SBAR )VP )VP )S )SBAR )VP )S )SBAR , '' (NP he )NP (VP said (SBAR that `` (S (PP on (NP an intraday basis )NP )PP , (NP it )NP (VP has (NP major effects )NP )VP )S )SBAR )VP . )S  STOP
(S (NP We )NP (VP 've (VP (VP talked (PP to (NP (NP *UNK )NP (PP of (NP index arbitrage )NP )PP )NP )PP )VP and (VP told (NP them )NP (S (VP to (VP cool (NP it )NP )VP )VP )S (SBAR because (S (NP they )NP (VP 're (VP *UNKING (NP the market )NP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (S (NP They )NP (VP said , ` (ADJP *UNKC bad )ADJP , ' )VP )S so (S (NP we )NP (ADVP finally )ADVP (VP said (SBAR (S (NP we )NP (VP 're not (VP going (S (VP to (VP do (NP business )NP (PP with (NP them )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )S . '' )S  STOP
(S (NP Kemper )NP (ADVP also )ADVP (VP *UNKED (NP the Big Board )NP (PP for (S (VP ignoring (NP (NP the interests )NP (PP of (NP (ADJP individual and institutional )ADJP holders )NP )PP )NP )VP )S )PP )VP . )S  STOP
(S `` (S (NP The New York Stock Exchange )NP (VP has (NP (NP *UNKED interests )NP '' (PP in (NP its big member securities firms )NP )PP `` (SBAR (WHNP that )WHNP (S (VP *UNK (NP its *UNK )NP )VP )S )SBAR )NP )VP )S , '' (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S `` (NP It )NP (VP has (ADVP never )ADVP (VP been (ADJP interested (PP in (SBAR (WHNP what )WHNP (S (NP we )NP (VP think )VP )S )SBAR )PP )ADJP )VP )VP . )S  STOP
(S (S (NP The Big Board )NP (ADVP also )ADVP (VP has (NP (NP a terrible *UNK problem )NP (PP with (NP individual investors )NP )PP )NP )VP )S , '' (NP he )NP (VP added )VP . )S  STOP
(SINV (S (NP Small investors )NP (VP *UNK (SBAR that (S `` (NP big operators )NP '' (VP dominate (NP the market )NP )VP )S )SBAR )VP )S , (VP said )VP (NP (NP Thomas *UNKC )NP , (NP (NP (NP chairman )NP (PP of (NP (NP the National Association )NP (PP of (NP Investors )NP )PP )NP )PP )NP and (NP (NP head )NP (PP of (NP (NP (NP the exchange 's )NP Individual Investors *UNKC Committee )NP (VP set (PRT up )PRT (PP after (NP the 1987 crash )NP )PP )VP )NP )PP )NP )NP )NP . )SINV  STOP
(S `` (S (NP (NP The impression )NP (SBAR (S (NP I )NP (VP 've (VP got )VP )VP )S )SBAR )NP (VP is (SBAR (S (S (NP they )NP (VP 'd (VP love (S (VP to (VP do (PRT away )PRT (PP with (NP (NP it )NP (PRN -LCB- (NP program trading )NP -RCB- )PRN )NP )PP )VP )VP )S )VP )VP )S , but (S (NP (NP they )NP (PRN -LCB- (NP the exchange )NP -RCB- )PRN )NP (VP ca n't (VP do (NP it )NP )VP )VP )S )S )SBAR )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP Big Board Chairman John J. Phelan )NP (VP said (PP in (NP a recent interview )NP )PP (SBAR that (S (NP he )NP (VP has (NP no *UNK (S (VP to (VP eliminate (NP program trading )NP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (SBAR (S (NP (NP the market 's )NP volatility )NP (VP *UNK (NP him )NP )VP )S )SBAR , but (SBAR that (S (NP (NP all )NP (SBAR (S (NP the exchange )NP (VP can (VP do )VP )VP )S )SBAR )NP (VP is (VP `` slow (PRT down )PRT (NP the process )NP '' (PP by (S (VP using (NP its circuit breakers and shock *UNK )NP )VP )S )PP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP *UNKED (SBAR that `` (S (NP the mere fact (SBAR (S (NP they )NP (VP put (PRT in )PRT (NP circuit breakers )NP )VP )S )SBAR )NP (VP is (NP (NP an admission )NP (PP of (NP their problems )NP )PP )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP (NP Morgan Stanley )NP and (NP Kidder Peabody )NP )NP , (NP the two biggest program trading firms )NP , )NP (ADVP *UNKLY )ADVP (VP defend (NP their strategies )NP )VP . )S  STOP
(S `` (S (NP We )NP (VP continue (S (VP to (VP believe (SBAR (S (NP (NP the position )NP (SBAR (S (NP we )NP (VP 've (VP taken )VP )VP )S )SBAR )NP (VP is (ADJP reasonable )ADJP )VP )S )SBAR )VP )VP )S )VP )S , '' (NP a Morgan Stanley official )NP (VP said )VP . )S  STOP
(S `` (S (S (NP We )NP (VP would (VP stop (NP index arbitrage )NP (SBAR (WHADVP when )WHADVP (S (NP the market )NP (VP is (PP under (NP stress )NP )PP )VP )S )SBAR )VP )VP )S , and (S (NP we )NP (VP have (VP (ADVP recently )ADVP )VP )VP )S )S , '' (NP he )NP (VP said , (S (VP citing (NP (NP Oct. 13 )NP and (NP earlier this week )NP )NP )VP )S )VP . )S  STOP
(S (NP (NP Michael Carpenter )NP , (NP (NP (NP president )NP and (NP chief executive officer )NP )NP (PP at (NP Kidder Peabody )NP )PP )NP , )NP (VP said (PP in (NP a recent interview )NP )PP , `` (S (NP We )NP (VP do n't (VP think (SBAR that (S (NP index arbitrage )NP (VP has (NP (NP a negative impact )NP (PP on (NP (NP the market )NP (PP as (NP a whole )NP )PP )NP )PP )NP )VP )S )SBAR )VP )VP )S )VP . '' )S  STOP
(S (PP According (PP to (NP (NP Lawrence *UNKC )NP , (NP (NP a securities industry analyst )NP (PP at (NP Prudential-Bache Securities Inc. )NP )PP )NP )NP )PP )PP , `` (NP Kemper )NP (VP is (NP (NP the first firm )NP (SBAR (S (VP to (VP make (NP a major statement )NP (PP with (NP program trading )NP )PP )VP )VP )S )SBAR )NP )VP . '' )S  STOP
(S (NP He )NP (VP added (SBAR that `` (S (S (VP having (S (NP just one firm )NP (VP do (NP this )NP )VP )S )VP )S (VP is n't (VP going (S (VP to (VP mean (NP (NP a *UNK )NP (PP of (NP *UNK )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S But (SBAR if (S (NP this )NP (VP *UNK (S (NP others )NP (VP to (VP consider (NP the same thing )NP )VP )VP )S )VP )S )SBAR , (ADVP then )ADVP (NP it )NP (VP may (VP become (ADJP (ADVP much more )ADVP important )ADJP )VP )VP . )S  STOP
(S (NP The following )NP (VP were (PP among (NP (NP (NP yesterday 's )NP offerings and pricings )NP (PP in (NP the (UCP U.S. and non-U.S. )UCP capital markets )NP )PP , (PP with (NP terms and syndicate manager )NP )PP , (SBAR as (S (VP compiled (PP by (NP Dow Jones Capital Markets Report )NP )PP )VP )S )SBAR )NP )PP )VP : )S  STOP
(NP (NP *UNKC Entertainment Corp. )NP -- (NP (NP (QP $ 300 million )QP )NP (PRN -LRB- (NP redemption amount )NP -RRB- )PRN (PP of (NP (NP zero-coupon convertible notes )NP , (VP (ADVP also )ADVP known (PP as (NP liquid yield option notes )NP )PP )VP , (ADJP due (NP Nov. 1 , 2004 )NP )ADJP , (VP priced (PP at (NP *UNKN )NP )PP (S (VP to (VP yield (PP at (NP maturity )NP )PP (NP 8 % )NP )VP )VP )S )VP )NP )PP )NP . )NP  STOP
(S (NP The notes )NP (VP (VP are (NP zero-coupon securities )NP )VP and (VP will not (VP pay (NP interest )NP (ADVP *UNKLY )ADVP )VP )VP )VP . )S  STOP
(S (NP (NP The size )NP (PP of (NP the offering )NP )PP )NP (VP was (VP increased (PP from (NP (NP the (ADJP originally planned )ADJP (QP $ 250 million )QP )NP (PRN -LRB- (NP redemption amount )NP -RRB- )PRN )NP )PP )VP )VP . )S  STOP
(S (NP The notes )NP (VP are (ADJP convertible (PP into (NP (NP common stock )NP (PP of (NP *UNKC Entertainment )NP )PP )NP )PP (PP at (NP (NP (NP $ *UNKN )NP (NP a share )NP )NP , (VP representing (NP (NP a (ADJP 12 % )ADJP conversion premium )NP (PP over (NP (NP yesterday 's )NP closing price )NP )PP )NP )VP )NP )PP )ADJP )VP . )S  STOP
(S (S (VP (VP Rated (ADJP *UNKC )ADJP (PP by (NP (NP Moody 's )NP Investors Service Inc. )NP )PP )VP and (VP (ADJP *UNK- )ADJP (PP by (NP (NP Standard & Poor 's )NP Corp. )NP )PP )VP )VP )S , (NP the issue )NP (VP will (VP be (VP sold (PP through (NP Merrill Lynch Capital Markets )NP )PP )VP )VP )VP . )S  STOP
(NP (NP Merrill Lynch & Co. )NP -- (NP (NP (QP $ 200 million )QP )NP (PP of (NP (NP (ADJP *UNKN % )ADJP notes )NP (ADJP due (NP Nov. 1 , 2019 )NP )ADJP , (VP priced (PP at (NP *UNKN )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )NP )PP )NP . )NP  STOP
(S (NP (NP The issue )NP , (SBAR (WHNP which )WHNP (S (VP is (ADJP *UNK (ADVP back (PP to (NP the company )NP )PP )ADVP (NP Nov. 1 , 1994 )NP )ADJP )VP )S )SBAR , )NP (VP was (VP priced (PP at (NP (NP a spread )NP (PP of (NP (NP 70 basis points )NP (PP above (NP (NP the Treasury 's )NP five-year note )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (VP (VP Rated (ADJP *UNK- )ADJP (PP by (NP Moody 's )NP )PP )VP and (VP (ADJP *UNK- )ADJP (PP by (NP S&P )NP )PP )VP )VP )S , (NP the noncallable issue )NP (VP will (VP be (VP sold (PP through (NP (NP underwriters )NP (VP led (PP by (NP Merrill Lynch Capital Markets )NP )PP )VP )NP )PP )VP )VP )VP . )S  STOP
(NP (NP *UNKC *UNKC Corp. )NP -- (NP (NP (QP $ 150 million )QP )NP (PP of (NP (NP (ADJP *UNKN % )ADJP debentures )NP (ADJP due (NP 2009 )NP )ADJP , (VP priced (PP at (NP *UNKN )NP )PP )VP )NP )PP )NP . )NP  STOP
(NP (NP ITT Financial Corp. )NP -- (NP (NP (QP $ 150 million )QP )NP (PP of (NP (NP (ADJP *UNKN % )ADJP subordinated notes )NP (ADJP due (NP Nov. 1 , 2004 )NP )ADJP , (VP priced (PP at (NP *UNKN )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )NP )PP )NP . )NP  STOP
(S (NP (NP The noncallable issue )NP , (SBAR (WHNP which )WHNP (S (VP is (ADJP *UNK (ADVP back (PP to (NP the company )NP )PP )ADVP (NP Nov. 1 , 1994 )NP )ADJP )VP )S )SBAR , )NP (VP was (VP priced (PP at (NP (NP a spread )NP (PP of (NP (NP 62.5 basis points )NP (PP above (NP (NP the Treasury 's )NP five-year note )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (VP (VP Rated (ADJP single-A-2 )ADJP (PP by (NP Moody 's )NP )PP )VP and (VP (ADJP *UNK- )ADJP (PP by (NP S&P )NP )PP )VP )VP )S , (NP the issue )NP (VP will (VP be (VP sold (PP through (NP (NP underwriters )NP (VP led (PP by (NP Merrill Lynch Capital Markets )NP )PP )VP )NP )PP )VP )VP )VP . )S  STOP
(S (NP ITT Financial )NP (VP is (NP (NP a subsidiary )NP (PP of (NP ITT Corp )NP )PP )NP )VP . )S  STOP
(NP (NP *UNKC Chemical Co. )NP -- (NP (NP (QP $ 100 million )QP )NP (PP of (NP (NP *UNKN % debentures )NP (ADJP due (NP Nov. 1 , 2019 )NP )ADJP , (VP priced (PP at (NP *UNKN )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )NP )PP )NP . )NP  STOP
(S (S (VP (VP (VP Rated (ADJP single-A-2 )ADJP (PP by (NP Moody 's )NP )PP )VP )VP and (VP (ADJP *UNK- )ADJP (PP by (NP S&P )NP )PP )VP )VP )S , (NP the issue )NP (VP will (VP be (VP sold (PP through (NP (NP underwriters )NP (VP led (PP by (NP Salomon Brothers Inc )NP )PP )VP )NP )PP )VP )VP )VP . )S  STOP
(NP (NP (NP *UNKC River Authority )NP , (NP Texas )NP )NP -- (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP (NP regional *UNK system improvement revenue bonds )NP , (NP Series 1989 )NP , (ADJP due (NP (NP *UNKN )NP , (NP 2009 )NP and (NP *UNKN )NP )NP )ADJP , )NP )PP (PP through (NP a Shearson Lehman Hutton Inc. group )NP )PP )NP . )NP  STOP
(S (NP The bonds )NP , (S (VP (VP insured )VP and (VP rated (ADJP *UNK- )ADJP (PP by (NP (NP Moody 's )NP and (NP S&P )NP )NP )PP )VP )VP )S , (VP were (VP priced (S (VP to (VP yield (PP (PP from (NP (NP *UNKN % )NP (PP in (NP 1992 )NP )PP )NP )PP (PP to (NP (NP 7.25 % )NP (PP in (NP *UNKN )NP )PP )NP )PP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP There )NP (VP are (NP (NP (NP $ *UNKN )NP (PP of (NP (NP (ADJP 7 % )ADJP term bonds )NP (ADJP due (NP 2009 )NP )ADJP , (VP priced (PP at (NP 97 7\/8 )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )NP )PP )NP , and (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP (NP (ADJP 7.1 % )ADJP term bonds )NP (ADJP due (NP *UNKN )NP )ADJP , (VP priced (PP at (NP 98 1\/4 )NP )PP (S (VP to (VP yield (NP 7.25 % )NP )VP )VP )S )VP )NP )PP )NP )NP )VP . )S  STOP
(S (NP (NP *UNKC bonds )NP , (SBAR (WHNP which )WHNP (S (NP (ADVP all )ADVP )NP (VP carry (NP (ADJP 7 % )ADJP *UNK )NP )VP )S )SBAR , )NP (VP are (VP priced (S (VP to (VP yield (PP (PP from (NP (NP *UNKN % )NP (PP in (NP 1992 )NP )PP )NP )PP (PP to (NP (NP 7 % )NP (PP in (NP 2000 )NP )PP )NP )PP )PP )VP )VP )S )VP )VP . )S  STOP
(NP (NP (NP Beverly Hills )NP , (NP Calif. )NP )NP -- (NP (NP $ *UNKN )NP (PP of (NP (NP refunding certificates )NP (PP of (NP participation )NP )PP (PRN -LRB- (NP *UNK center improvements project )NP -RRB- )PRN , (ADJP due (NP (NP *UNKN )NP , (NP *UNKN )NP , (NP *UNKN )NP and (NP 2019 )NP )NP )ADJP , (VP (ADVP tentatively )ADVP priced (PP by (NP a Goldman , Sachs & Co. group )NP )PP (S (VP to (VP yield (PP (PP from (NP (NP 6 % )NP (PP in (NP 1990 )NP )PP )NP )PP (PP to (NP (NP *UNKN % )NP (PP in (NP *UNKN )NP )PP )NP )PP )PP )VP )VP )S )VP )NP )PP )NP . )NP  STOP
(S (NP *UNKC certificates )NP (VP yield (NP (QP to 7.10 )QP % )NP (PP in (NP 2004 )NP )PP )VP . )S  STOP
(S (NP They )NP (VP are all (VP priced (PP at (NP par )NP )PP )VP )VP . )S  STOP
(S (NP There )NP (VP are (NP (NP $ *UNKN )NP (PP of (NP (NP (ADJP 7 % )ADJP term certificates )NP (ADJP due (NP *UNKN )NP )ADJP , (VP priced (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )NP )PP )NP )VP . )S  STOP
(S (NP (NP The (QP $ *UNKN million )QP )NP (PP of (NP (NP (ADJP 7 % )ADJP certificates )NP (ADJP due (NP 2016 )NP )ADJP )NP )PP )NP (VP carry (NP (NP (NP the issue 's )NP high yield )NP , (VP priced (PP at (NP 97 3\/4 )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )NP )VP . )S  STOP
(S (NP There )NP (VP are (ADVP also )ADVP (NP (NP (QP $ 29 million )QP )NP (PP of (NP (NP (ADJP 6 3\/4 % )ADJP certificates )NP (ADJP due (NP 2019 )NP )ADJP , (VP priced (S (VP to (VP yield (NP 7.10 % )NP )VP )VP )S )VP )NP )PP )NP )VP . )S  STOP
(S (NP The bonds )NP (VP are (VP (VP rated (ADJP *UNK- )ADJP (PP by (NP Moody 's )NP )PP )VP and (VP (ADJP *UNK- )ADJP (PP by (NP S&P )NP )PP )VP , (PP according (PP to (NP the lead underwriter )NP )PP )PP )VP )VP . )S  STOP
(NP (NP Michigan )NP -- (NP (NP (QP $ 80 million )QP )NP (PP of (NP (NP (NP first general obligation bonds )NP (PRN -LRB- (NP Series 1989 )NP (NP (NP environmental protection program )NP and (NP *UNK program )NP )NP -RRB- )PRN )NP , (VP (ADVP tentatively )ADVP priced (PP by (NP a Shearson Lehman Hutton group )NP )PP (S (VP to (VP yield (PP (PP from (NP (NP 6 % )NP (PP for (NP (NP current interest bonds )NP (ADJP due (NP 1990 )NP )ADJP )NP )PP )NP )PP (PP to (NP (NP 7.25 % )NP (PP for (NP convertible capital appreciation bonds )NP )PP )NP )PP )PP )VP )VP )S )VP )NP )PP )NP . )NP  STOP
(S (NP Environmental protection program current interest bonds )NP (VP are (ADJP due (NP (NP *UNKN )NP , (NP *UNKN )NP and (NP 2009 )NP )NP )ADJP )VP . )S  STOP
(S (NP They )NP (VP are (VP (ADVP tentatively )ADVP priced (S (VP to (VP yield (PP (PP from (NP (NP *UNKN % )NP (PP in (NP 1995 )NP )PP )NP )PP (PP to (NP (NP 7.10 % )NP (PP in (NP 2009 )NP )PP )NP )PP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The standard capital appreciation bonds )NP (PP in (NP (NP the issue )NP , (ADJP due (NP *UNKN )NP )ADJP , )NP )PP )NP (VP yield (PP to (NP maturity )NP )PP (PP (PP from (NP (NP *UNKN % )NP (PP in (NP 1998 )NP )PP )NP )PP (PP to (NP (NP 7.10 % )NP (PP in (NP *UNKN )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP The convertible capital appreciation bonds )NP (ADVP all )ADVP (VP yield (NP 7.25 % )NP (PP to (NP (NP their *UNK conversion dates )NP , (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP become (NP (NP (ADJP 7 1\/4 % )ADJP current *UNKING bonds )NP (PP until (NP maturity )NP )PP )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC capital appreciation bonds )NP (PP with (NP (NP a final stated maturity )NP (PP of (NP Nov. 15 , *UNKN , )NP )PP )NP )PP )NP (VP convert (NP Nov. 15 , 1999 )NP )VP . )S  STOP
(S (NP (NP *UNKC capital appreciation bonds )NP (PP with (NP (NP a final stated maturity )NP (PP of (NP Nov. 15 , 2019 , )NP )PP )NP )PP )NP (VP convert (NP Nov. 15 , 2004 )NP )VP . )S  STOP
(S (NP *UNKC program current interest bonds )NP (VP (VP are (ADJP due (NP *UNKN )NP )ADJP )VP , and (VP are (VP priced (S (VP to (VP yield (PP (PP from (NP (NP 6 % )NP (PP in (NP 1990 )NP )PP )NP )PP (PP to (NP (NP *UNKN % )NP (PP in (NP 1995 )NP )PP )NP )PP )PP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP (NP All )NP (PP of (NP the bonds )NP )PP )NP (VP are (VP (VP rated (ADJP *UNK- )ADJP (PP by (NP Moody 's )NP )PP )VP and (VP (ADJP double-A )ADJP (PP by (NP S&P )NP )PP )VP )VP )VP . )S  STOP
(NP (NP Federal National Mortgage Association )NP -- (NP (NP (QP $ 300 million )QP )NP (PP of (NP Remic securities )NP )PP (PP in (NP 10 classes )NP )PP (PP through (NP Goldman Sachs )NP )PP )NP . )NP  STOP
(S (NP The issue )NP (VP is (VP backed (PP by (NP Fannie Mae (ADJP 9 % )ADJP *UNK )NP )PP )VP )VP . )S  STOP
(S (NP The offering )NP (VP is (NP (NP Fannie Mae 's )NP Series *UNKN )NP )VP . )S  STOP
(NP (NP (NP Fuji Heavy Industries Ltd . )NP (PRN -LRB- (NP Japan )NP -RRB- )PRN )NP -- (NP (NP (QP $ 300 million )QP )NP (PP of (NP (NP (ADJP 8 3\/4 % )ADJP bonds )NP (ADJP due (NP Nov. 17 , 1999 )NP )ADJP , (VP priced (PP at (NP 101 3\/8 )NP )PP (S (VP to (VP yield (NP (NP *UNKN % )NP (PP less (NP full fees )NP )PP )NP (ADVP annually )ADVP )VP )VP )S )VP )NP )PP , (PP via (NP Daiwa Europe Ltd )NP )PP )NP . )NP  STOP
(NP (NP *UNKC )NP (PP by (NP (NP Industrial Bank )NP (PP of (NP Japan )NP )PP )NP )PP . )NP  STOP
(NP (NP Fees )NP (NP 2 )NP . )NP  STOP
(NP (NP (NP European Investment Bank )NP (PRN -LRB- (NP agency )NP -RRB- )PRN )NP -- (NP (NP (QP $ 150 million )QP )NP (PP of (NP (NP (ADJP 8 1\/2 % )ADJP bonds )NP (ADJP due (NP Nov. 22 , 1999 )NP )ADJP , (VP priced (PP at (NP *UNKN )NP )PP (S (VP to (VP yield (NP *UNKN % )NP (PP at (NP *UNKED price )NP )PP )VP )VP )S )VP )NP )PP , (PP via (NP lead manager *UNK Morgan Securities Ltd )NP )PP )NP . )NP  STOP
(NP (NP (NP Nippon *UNKC *UNKC Inc . )NP (PRN -LRB- (NP Japan )NP -RRB- )PRN )NP -- (NP (NP (QP $ 200 million )QP )NP (PP of (NP (NP bonds )NP (ADJP due (NP Nov. 9 , 1993 )NP )ADJP , (PP with (NP (NP equity-purchase warrants )NP , (VP indicating (NP (NP a (ADJP 3 7\/8 % )ADJP coupon )NP (PP at (NP par )NP )PP )NP )VP )NP )PP )NP )PP , (PP via (NP Yamaichi International Europe )NP )PP )NP . )NP  STOP
(S (NP Each (ADJP $ 5,000 )ADJP bond )NP (VP carries (NP (NP a warrant )NP (ADJP exercisable (NP (NP Nov. 24 , 1989 , )NP (PP through (NP Oct. 29 , 1993 , )NP )PP )NP )ADJP (S (VP to (VP buy (NP company shares )NP (PP at (NP (NP an expected premium )NP (PP of (NP 2 1\/2 % )NP )PP (PP to (NP (NP the closing share price )NP (SBAR (WHADVP when )WHADVP (S (NP terms )NP (VP are (VP fixed (NP Oct. 31 )NP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )NP )VP . )S  STOP
(NP (NP (NP *UNKC Canada Ltd . )NP (PRN -LRB- (NP U.S. parent )NP -RRB- )PRN )NP -- (NP (NP (QP 150 million )QP Canadian dollars )NP (PP of (NP (NP *UNK- notes )NP (ADJP due (NP November 1996 )NP )ADJP )NP )PP , (PP via (NP Banque Paribas Capital Markets Ltd )NP )PP )NP . )NP  STOP
(S (NP (NP *UNKC )NP , (VP paid (ADVP monthly )ADVP )VP , )NP (VP is (NP *UNK- Canadian bankers *UNK rate )NP )VP . )S  STOP
(NP (NP *UNKC )NP (PP by (NP General Motors Acceptance Corp )NP )PP . )NP  STOP
(FRAG (NP Call )NP (PP at (NP par )NP )PP (PP after (NP two years )NP )PP and (ADVP thereafter )ADVP (PP at (NP par )NP )PP (NP every six months )NP . )FRAG  STOP
(NP (NP Swedish *UNKC Credit Corp. )NP -- (NP (NP (QP # 100 million )QP )NP (PP of (NP (NP (ADJP 12 % )ADJP bonds )NP (ADJP due (NP June 15 , 1994 , )NP )ADJP (VP priced (PP at (NP 101 5\/8 )NP )PP (S (VP to (VP yield (NP (NP *UNKN % )NP )NP (ADVP annually )ADVP (PP less (NP full fees )NP )PP )VP )VP )S )VP )NP )PP , (PP via (NP Samuel *UNKC & Co )NP )PP )NP . )NP  STOP
(NP (NP Fees )NP (NP 1 7\/8 )NP . )NP  STOP
(NP (NP (NP *UNKC )NP (PRN -LRB- (NP Finland )NP -RRB- )PRN )NP -- (NP (NP (QP 10 billion )QP yen )NP (PP of (NP (NP (ADJP 5 3\/4 % )ADJP bonds )NP (ADJP due (NP Nov. 20 , 1992 )NP )ADJP , (VP priced (PP at (NP 101 3\/8 )NP )PP (S (VP to (VP yield (NP (NP 5 3\/4 % )NP (PP less (NP full fees )NP )PP )NP )VP )VP )S )VP )NP )PP , (PP via (NP *UNKC International )NP )PP )NP . )NP  STOP
(NP (NP Fees )NP (NP 1 3\/8 )NP . )NP  STOP
(NP (NP (NP *UNKC *UNKC Bank )NP (PRN -LRB- (NP Japan )NP -RRB- )PRN )NP -- (NP (NP (QP 300 million )QP Swiss francs )NP (PP of (NP (NP notes and bonds )NP (ADJP due (NP March 31 , 1994 , )NP )ADJP (PP with (NP (NP fixed (ADJP *UNKN % )ADJP coupon )NP (PP at (NP par )NP )PP )NP )PP )NP )PP (PP via (NP Swiss Bank Corp )NP )PP )NP . )NP  STOP
(FRAG (NP Put option )NP (NP March 31 , 1992 , )NP (PP at (NP 107 3\/4 )NP )PP (S (VP to (VP yield (NP a fixed *UNKN % )NP )VP )VP )S . )FRAG  STOP
(S (NP The issue )NP (VP is (PP in (NP (NP two parts )NP : (NP (NP (NP (QP 200 million )QP Swiss francs )NP (PP of (NP (ADJP privately placed )ADJP notes )NP )PP )NP , (NP (NP (QP 100 million )QP Swiss francs )NP (PP of (NP (ADJP publicly listed )ADJP bonds )NP )PP )NP )NP )NP )PP )VP . )S  STOP
(NP (NP *UNKC conditions )NP (PP for (NP the two parts )NP )PP . )NP  STOP
(S (NP Other terms )NP (VP to (VP be (VP fixed (NP Nov. 1 )NP )VP )VP )VP . )S  STOP
(NP (NP (NP Kingdom )NP (PP of (NP *UNKC )NP )PP )NP -- (NP (NP (QP $ *UNKN million )QP )NP (PRN -LRB- (NP redemption amount )NP -RRB- )PRN (PP of (NP (NP (NP zero-coupon government trust certificates )NP , (PP with (NP (NP maturities )NP (VP *UNKING (PP (PP from (NP May 15 , 1990 , )NP )PP (PP to (NP Nov. 15 , 1999 , )NP )PP )PP )VP )NP )PP )NP (VP priced (PP at (NP (NP yields )NP (VP ranging (PP (PP from (NP *UNKN % )NP )PP (PP to (NP *UNKN % )NP )PP )PP )VP )NP )PP )VP )NP )PP )NP . )NP  STOP
(S (NP All the issues )NP (VP were (VP priced (PP at (NP (NP a spread )NP (PP of (NP (NP 37 basis points )NP (PP above (NP (NP the Treasury *UNK )NP (PP with (NP similar maturities )NP )PP )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Proceeds )NP (PP from (NP the offering )NP )PP )NP (VP are (NP (QP about $ *UNKN million )QP )NP )VP . )S  STOP
(S (S (VP Rated (ADJP triple-A (PP by (NP (NP Moody 's )NP and (NP S&P )NP )NP )PP )ADJP )VP )S , (NP the issue )NP (VP will (VP be (VP sold (PP through (NP (NP underwriters )NP (VP led (PP by (NP (NP *UNK Securities )NP , (NP (NP a subsidiary )NP (PP of (NP Bankers Trust New York Corp )NP )PP )NP )NP )PP )VP )NP )PP )VP )VP )VP . )S  STOP
(S (PP At (NP (NP a time )NP (SBAR (WHADVP when )WHADVP (S (NP Jon Levy )NP (VP should (VP be (VP planning (NP (NP the biggest spring season )NP (PP in (NP (NP his dress company 's )NP 17 years )NP )PP )NP )VP )VP )VP )S )SBAR )NP )PP , (NP his work day )NP (VP is (VP *UNKED (PP with (NP (NP intense moments )NP (PP of (NP (NP concern )NP (PP about (NP (NP (NP one )NP (PP of (NP his biggest customers )NP )PP )NP , (NP Campeau Corp )NP )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(SINV `` (S (S (NP The dress business )NP (VP has (ADVP always )ADVP (VP been (NP a gamble )NP )VP )VP )S , but (S (NP it )NP (VP 's (ADVP never )ADVP (VP been (PP like (NP this )NP )PP )VP )VP )S )S , '' (VP says )VP (NP (NP Mr. Levy )NP , (NP (NP president )NP (PP of (NP (NP St. *UNKC Group Ltd. )NP , (SBAR (WHNP which )WHNP (S (VP has (VP become (NP a hot name )NP (ADVP thanks (PP to (NP (NP a campaign )NP (PP of (NP *UNK TV commercials )NP )PP )NP )PP )ADVP )VP )VP )S )SBAR )NP )PP )NP )NP . )SINV  STOP
(S (NP Every day )NP , (NP Mr. Levy )NP (VP checks (NP (NP orders )NP (PP from (NP Campeau department store chains )NP )PP )NP , (S (VP trying (S (VP to (VP guess (SBAR if (S (NP he )NP (VP will (VP be (VP paid )VP )VP )VP )S )SBAR )VP )VP )S )VP )S )VP . )S  STOP
(S `` (NP I )NP (VP 'm (ADVP now )ADVP (VP monitoring (NP every major account )NP )VP )VP . '' )S  STOP
(S (NP (NP Campeau )NP , (NP (NP owner )NP (PP of (NP (NP such retailers )NP (PP as (NP (NP Bloomingdale 's )NP , (NP *UNKC *UNKC )NP , and (NP Jordan Marsh )NP )NP )PP )NP )PP )NP , )NP (VP *UNKED (NP financial collapse )NP (NP last month )NP (PP after (NP (NP an emergency (ADJP (QP $ 250 million )QP )ADJP loan )NP (PP from (NP (NP *UNKC & York *UNKC Ltd. )NP , (NP (NP a Canadian developer )NP and (NP (NP a major shareholder )NP (PP in (NP Campeau )NP )PP )NP )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The need )NP (PP for (NP the loan )NP )PP )NP (VP surprised (NP (NP many analysts and bond holders )NP (SBAR (WHNP who )WHNP (S (VP had (VP been (VP told (PP at (NP (NP (NP the company 's )NP annual meeting )NP (PP in (NP July )NP )PP )NP )PP (SBAR that (S (NP there )NP (VP were n't (NP (NP any major problems )NP (ADVP ahead )ADVP )NP )VP )S )SBAR )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP The risk )NP (PP of (S (VP doing (NP business )NP (PP with (NP (NP Campeau 's )NP Federated and Allied department store chains )NP )PP )VP )S )PP )NP (VP is (ADJP about (S (VP to (VP increase (ADVP greatly )ADVP , (PP (CONJP not only )CONJP (PP for (NP Mr. Levy )NP )PP but (PP for (NP (NP hundreds )NP (PP of (NP other small apparel makers , *UNK suppliers , *UNKING firms and fabric houses )NP )PP )NP )PP )PP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP Next week )NP , (NP (NP the country 's )NP top *UNK and manufacturers )NP (VP will (VP begin (S (VP showing (NP (NP *UNK )NP (PP for (NP (NP spring 1990 )NP , (NP (NP the (ADJP second most important )ADJP selling season )NP (PP of (NP the year )NP )PP )NP )NP )PP )NP )VP )S )VP )VP . )S  STOP
(S And (SBAR as (S (NP the *UNK )NP (VP *UNK (PRT down )PRT (PP in (NP (NP *UNK )NP (PP along (NP (NP *UNKC Avenue )NP and (NP *UNKC )NP )NP )PP )NP )PP )VP )S )SBAR , (NP (ADJP *UNKLY *UNK )ADJP Campeau buyers )NP (VP will (VP begin (S (VP writing (NP orders )NP )VP )S )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP from (NP Campeau retailers )NP )PP )NP (VP used (S (VP to (VP be (NP (NP cause )NP (PP for (NP celebration )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP This )NP (VP is (ADVP no longer )ADVP (ADJP true )ADJP (PP because of (NP (NP Campeau 's )NP massive debt load )NP )PP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's (NP (NP all )NP (SBAR (S (NP anybody )NP (VP wants (S (VP to (VP talk (PP about )PP )VP )VP )S )VP )S )SBAR )NP )VP )S , '' (VP says )VP (NP (NP Richard *UNKC )NP , (NP (NP executive vice president )NP (PP for (NP (NP Credit Exchange Inc. )NP , (NP a leading credit service )NP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP People )NP (VP wonder (SBAR (WHNP what )WHNP (S (VP 's (VP going (S (VP to (VP happen (ADVP next )ADVP )VP )VP )S )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Many manufacturers )NP (VP are (ADJP worried (PP about (S (VP being (VP paid (PP for (NP (NP merchandise )NP (VP (ADVP already )ADVP shipped (PP to (NP Campeau stores )NP )PP )VP )NP )PP )VP )VP )S )PP )ADJP )VP . )S  STOP
(S But (NP (NP those dollars )NP (PP at (NP risk )NP )PP )NP (VP *UNK (PP in (NP (NP comparison )NP (PP to (NP (NP the investment )NP (VP required (S (VP to (VP (VP make )VP and (VP ship )VP (NP spring goods )NP (PP to (NP Campeau stores )NP )PP )VP )VP )S )VP )NP )PP )NP )PP )VP . )S  STOP
(SINV `` (S (NP (NP The few million dollars )NP (SBAR (S (NP I )NP (VP could (VP lose (NP today )NP )VP )VP )S )SBAR )NP (VP is (NP nothing )NP (PP against (SBAR (WHNP what )WHNP (S (NP I )NP (VP could (VP lose (PP on (NP the spring line )NP )PP )VP )VP )S )SBAR )PP )VP )S , '' (VP says )VP (NP (NP Mr. Levy )NP , (SBAR (WHNP who )WHNP (S (VP estimates (SBAR that (S (NP Campeau stores )NP (VP will (VP sell (NP (NP (ADJP (QP $ 25 million )QP )ADJP worth )NP (PP of (NP his clothes )NP )PP )NP (NP this year )NP )VP )VP )S )SBAR )VP )S )SBAR )NP . )SINV  STOP
(S `` (NP I )NP (VP 'm (VP buying (NP fabric )NP (ADVP right now )ADVP (PP for (NP (NP clothes )NP (SBAR (WHNP which )WHNP (S (NP I )NP (VP may not (VP be (VP paid (PP for )PP (PP until (NP April or May )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(SBARQ (WHNP What )WHNP (SQ (VP happens (PP to (NP me )NP )PP (SBAR if (S (NP Campeau )NP (VP *UNK (PP between (NP now and then )NP )PP )VP )S )SBAR )VP )SQ ? '' )SBARQ  STOP
(S (NP (NP Some credit concerns )NP , (PP such as (NP Bernard *UNKC Credit *UNKC Inc. )NP )PP , )NP (VP have (VP told (NP clients )NP (S not (VP to (VP ship (NP anything )NP (PP to (NP Federated or Allied stores )NP )PP (PP on (NP credit )NP )PP )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP This )NP (VP is (ADJP especially true (PP for (NP spring merchandise )NP )PP )ADJP )VP )S , '' (VP says )VP (NP (NP Jim *UNKC )NP , (NP (NP credit manager )NP (PP at (NP Bernard *UNKC )NP )PP )NP )NP . )SINV  STOP
(S `` (NP Campeau )NP (VP has (NP (ADJP too much )ADJP debt )NP )VP . '' )S  STOP
(S (NP (NP Other credit houses )NP , (PP such as (NP (NP Credit Exchange )NP and (NP *UNKC Credit Service Corp. )NP )NP )PP , )NP (VP are (VP suggesting (SBAR that (S (NP their clients )NP (VP study (NP each order )NP (PP before (NP shipping )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(SINV `` (S (S (NP *UNKC )NP (VP are (ADJP good )ADJP (ADVP right now )ADVP )VP )S , but (S (NP we )NP (VP are n't (VP recommending (NP (NP any long-term lines )NP (PP of (NP credit )NP )PP )NP )VP )VP )S )S , '' (VP says )VP (NP (NP Richard Hastings )NP , (NP a retail credit analyst )NP , )NP (S (VP referring (PP to (NP (NP credit lines )NP (SBAR (WHNP which )WHNP (S (VP make (S (NP inventory purchases )NP (ADJP automatic )ADJP )S )VP )S )SBAR )NP )PP )VP )S . )SINV  STOP
(S `` (NP The Campeau situation )NP (VP is (ADJP (ADJP (NP a little )NP uncertain )ADJP and (ADJP (ADJP very difficult )ADJP (SBAR (S (VP to (VP *UNK )VP )VP )S )SBAR )ADJP )ADJP )VP . '' )S  STOP
(S (PP Because of (NP those concerns )NP )PP , (NP some manufacturers )NP (VP say (SBAR (S (NP they )NP (VP will (VP ask (PP for (NP (NP letters )NP (PP of (NP credit )NP )PP )NP )PP (PP before (S (VP shipping (NP spring merchandise )NP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (S (NP We )NP (VP 're (VP being (VP paid (NP today )NP )VP )VP )VP )S , but (S (NP we )NP (VP (VP 're (ADJP worried (PP about (NP tomorrow )NP )PP )ADJP )VP and (VP will (VP want '' (NP (NP letters )NP (PP of (NP credit )NP )PP )NP )VP )VP )VP )S )S , (VP says )VP (NP (NP the sales director )NP (PP at (NP (NP one major dress maker )NP (SBAR (WHNP who )WHNP (S (VP asked (S not (VP to (VP be (VP identified )VP )VP )VP )S )VP )S )SBAR )NP )PP )NP . )SINV  STOP
(S (NP (NP Howard *UNKC )NP , (NP (NP president )NP (PP of (NP the dress firm *UNKC B Inc. )NP )PP )NP , )NP (VP says : `` (S (NP It )NP (VP 's (NP big time *UNK )NP (NP today )NP )VP )S )VP . )S  STOP
(S (NP I )NP (VP 'm (VP going (S (VP to (VP (VP ship )VP and (VP hope (SBAR (S (NP I )NP (VP get (VP paid )VP )VP )S )SBAR )VP )VP )VP )S )VP )VP . )S  STOP
(S (SBAR If (S (NP I )NP (VP need (S (VP to (VP ask (PP for (NP (NP money )NP (ADVP up front )ADVP )NP )PP (ADVP later )ADVP )VP )VP )S )VP )S )SBAR , (NP I )NP (VP will )VP . '' )S  STOP
(S (NP (NP Carol *UNKC )NP , (NP (NP vice president )NP , (NP corporate communications )NP (PP at (NP Campeau )NP )PP )NP , )NP (VP says (SBAR that (S (NP (NP all )NP (PP of (NP the Federated and Allied chains )NP )PP )NP (VP are (VP paying (NP their bills )NP (PP in (NP a *UNKLY manner )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP They )NP (VP (VP continue (S (VP to (VP pay (NP their bills )NP )VP )VP )S )VP and (VP will (VP do (ADVP so )ADVP )VP )VP )VP )S , '' (VP says )VP (NP Ms. *UNKC )NP . )SINV  STOP
(S `` (NP We )NP (VP 're (ADJP confident (SBAR (S (NP we )NP (VP 'll (VP be (VP paying (NP (NP our bills )NP (PP for (NP spring merchandise )NP )PP )NP (ADVP as well )ADVP )VP )VP )VP )S )SBAR )ADJP )VP . '' )S  STOP
(S (ADVP *UNKLY )ADVP , (NP manufacturers )NP (VP are (VP paid (PP (NP 10 days )NP after (NP (NP the month )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP they )NP (VP ship )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (SBAR If (S (NP goods )NP (VP are (VP shipped (PP to (NP (NP Bloomingdale 's )NP )NP )PP (PP between (NP (NP Oct. 1 )NP and (NP Oct. 20 )NP )NP )PP )VP )VP )S )SBAR , (NP manufacturers )NP (VP expect (S (VP to (VP be (VP paid (PP by (NP Nov. 10 )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S But (NP (NP manufacturers )NP (VP (ADVP now )ADVP buying (NP fabric )NP (PP for (NP spring season goods )NP )PP )VP )NP (VP wo n't (VP be (VP paid (PP until (NP (NP March )NP , (NP April )NP or even (NP May )NP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP Some )NP (PP in (NP the market )NP )PP )NP (VP question (SBAR whether (S (NP Campeau )NP (VP will (VP be (PP in (NP (NP a position )NP (SBAR (S (VP to (VP pay (NP bills )NP )VP )VP )S )SBAR )NP )PP (PP at (NP that time )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP Everybody )NP (VP is (ADJP worried (PP about (NP (NP the possibility )NP (PP of (NP *UNK )NP )PP )NP )PP )ADJP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP publisher )NP (PP of (NP (NP *UNKC 's )NP *UNKC Marketing Report )NP )PP )NP )NP . )SINV  STOP
(S `` (NP (NP The buyers )NP (SBAR (WHNP who )WHNP (S (VP work (PP for (NP the various Campeau chains )NP )PP )VP )S )SBAR )NP (VP may (VP lose (NP their jobs )NP )VP )VP . )S  STOP
(S (NP (NP The stores )NP (SBAR (S (NP they )NP (VP work (PP for )PP )VP )S )SBAR )NP (VP may (VP be (VP sold )VP )VP )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (NP that )NP (VP will (VP mean (PP for (NP manufacturers )NP )PP )VP )VP )S )SBAR (VP is (NP (NP anybody 's )NP guess )NP )VP . '' )S  STOP
(S (NP (NP Campeau 's )NP financial situation )NP (VP is (VP complicated (PP by (NP (NP an estimated (QP $ *UNKN billion )QP )NP (PP in (NP debt )NP )PP (ADJP due (NP next spring )NP )ADJP )NP )PP )VP )VP . )S  STOP
(S (NP This )NP (VP includes (NP (NP (NP a working capital facility )NP (PP for (NP (NP Allied Stores )NP (PP of (NP (QP $ 350 million )QP )NP )PP )NP )PP (SBAR (WHNP that )WHNP (S (VP *UNK (NP March 15 , 1990 )NP )VP )S )SBAR )NP , and (NP (NP an (ADJP (QP $ 800 million )QP )ADJP bridge loan )NP (ADJP due (NP April 30 , 1990 )NP )ADJP )NP )NP )VP . )S  STOP
(S (NP The company )NP (VP has (VP stated (PP in (NP (ADJP recently filed )ADJP financial documents )NP )PP (SBAR that (S (NP it )NP (VP anticipates (S (VP refinancing (NP its March 1990 payments )NP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP recent months )NP )PP , (NP (NP numerous retailers )NP )NP (VP have (VP filed (PP for (NP Chapter 11 bankruptcy protection )NP )PP , (PP including (NP (NP *UNKC *UNKC )NP , (NP B. *UNKC & Co. )NP , and (NP Miller & *UNKC Inc )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Those filings )NP , plus (NP (NP the expected sale )NP (PP of (NP (NP a number )NP (PP of (NP (NP (ADJP financially healthy )ADJP chains )NP , (PP such as (NP (NP Saks Fifth Avenue )NP , (NP Marshall Field 's )NP and (NP Bloomingdale 's )NP )NP )PP )NP )PP )NP )PP )NP , )NP (VP have (VP added (PP to (NP the anxiety )NP )PP )VP )VP . )S  STOP
(SINV `` (S (ADVP Right now )ADVP , (NP Federated )NP (VP owes (NP us )NP (NP (NP a considerable amount )NP (PP of (NP money )NP )PP )NP )VP )S , '' (VP says )VP (NP (NP Morris *UNKC )NP , (NP (NP president )NP (PP of (NP (NP David Warren Enterprises )NP , (NP a major dress manufacturer )NP )NP )PP )NP )NP . )SINV  STOP
(S `` (S (NP We )NP (VP expect (SBAR (S (NP they )NP (VP will (VP be (ADJP current (PP with (NP their debts )NP )PP )ADJP (PP by (NP (NP the end )NP (PP of (NP the week )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S , but (S (NP we )NP (VP are (VP considering (S (VP asking (NP them )NP (PP for (NP (NP letters )NP (PP of (NP credit )NP )PP )NP )PP (SBAR before (S (NP we )NP (VP take (NP more orders )NP )VP )S )SBAR )VP )S )VP )VP )S . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP adds (SBAR that (S (NP his company )NP (VP is (ADVP now )ADVP (VP holding (NP some goods )NP (PP in (NP (NP anticipation )NP (PP of (S (VP being (VP paid (PP in (ADJP full )ADJP )PP )VP )VP )S )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP It )NP (VP 's (VP become (NP a *UNK- business )NP )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (NP Business )NP (VP has (ADVP never )ADVP (VP been (ADJP this tough )ADJP (ADVP before )ADVP )VP )VP . )S  STOP
(S (SINV (CONJP Not only )CONJP does (NP your product )NP (VP have (S (VP to (VP be (ADJP excellent )ADJP )VP )VP )S )VP )SINV , but (S (NP you )NP (ADVP also )ADVP (VP have (S (VP to (VP be (ADJP able (S (VP to (VP collect )VP )VP )S )ADJP )VP )VP )S )VP )S . '' )S  STOP
(S (NP Other manufacturers )NP (VP are (ADJP equally cautious )ADJP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP president )NP (PP of (NP *UNKC Miller Inc. )NP )PP )NP , )NP (VP says (SBAR (S (NP his company )NP (VP is (ADVP now )ADVP (VP shipping (PP (ADVP only )ADVP to (NP (NP the flagship stores )NP (PP of (NP the Federated and Allied chains )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP This )NP (VP limits (NP his financial exposure )NP )VP )S , (NP he )NP (VP says )VP . )S  STOP
(SINV `` (S (NP The branches )NP (VP are (NP just (ADJP *UNKED over )ADJP , *UNK *UNK )NP )VP )S , '' (VP says )VP (NP Mr. *UNKC )NP . )SINV  STOP
(SBARQ `` (WHADVP Why )WHADVP (SQ should (NP I )NP (VP be (NP (NP part )NP (PP of (NP that problem )NP )PP )NP )VP )SQ ? )SBARQ  STOP
(S (S (NP I )NP (VP 've (VP got (NP limited production )NP )VP )VP )S , and (S (NP I )NP (VP ca n't (VP give (NP it )NP (PP to (NP *UNK )NP )PP )VP )VP )S . '' )S  STOP
(S (NP (NP Campeau 's )NP Ms. *UNKC )NP (VP disputes (NP (NP Mr. *UNKC 's )NP comments )NP )VP . )S  STOP
(S `` (S (NP (NP Many )NP (PP of (NP the branches )NP )PP )NP (VP are (ADJP very lucrative )ADJP )VP )S , '' (NP she )NP (VP says )VP . )S  STOP
(S `` (NP That )NP (VP 's (ADVP just )ADVP (NP *UNK )NP )VP . '' )S  STOP
(S (PP As (PP for (NP (NP Mr. Levy )NP (PP at (NP St. *UNKC )NP )PP )NP )PP )PP , (NP he )NP (VP says (SBAR (S (NP he )NP (VP will (VP maintain (NP (NP his credit lines )NP (PP with (NP the various Campeau stores )NP )PP )NP (SBAR unless (S (NP they )NP (VP miss (NP a payment )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (SBAR If (S (NP they )NP (VP slip (PP for (NP 10 cents )NP )PP (PP for (NP 10 minutes )NP )PP )VP )S )SBAR , (NP I )NP (VP 'll (VP stop )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP (NP Bethlehem Steel Corp. )NP , (VP *UNKED (PP by (NP (NP higher costs )NP and (NP (NP lower shipments )NP (PP to (NP key automotive and *UNK- customers )NP )PP )NP )NP )PP )VP , )NP (VP posted (NP (NP a (ADJP 54 % )ADJP drop )NP (PP in (NP third-quarter profit )NP )PP )NP )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP (NP (NP two more )NP (PP of (NP (NP the nation 's )NP top steelmakers )NP )PP )NP -- (NP (NP *UNKC Inc. )NP and (NP National *UNKC Inc. )NP )NP -- )NP (VP reported (NP (NP lower operating earnings )NP (PP in (NP their steel businesses )NP )PP )NP , (S (VP marking (SBAR (WHNP what )WHNP (S (VP is (ADVP generally )ADVP (VP believed (S (VP to (VP be (NP (NP the end )NP (PP of (NP (NP a two-year boom )NP (PP in (NP the industry )NP )PP )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP Wall Street analysts )NP (VP expect (S (NP the disappointing trend )NP (VP to (VP continue (PP (PP into (NP the fourth quarter )NP )PP and (PP through (NP (NP (ADVP at least )ADVP the first two quarters )NP (PP of (NP 1990 )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP the industry )NP (VP will (ADVP increasingly )ADVP (VP see (NP (NP the effect )NP (PP of (NP (NP price *UNK )NP (PP in (NP (NP major product lines )NP , (PP such as (NP (NP rolled sheet )NP (VP used (PP for (NP (NP cars )NP , (NP appliances )NP and (NP construction )NP )NP )PP )VP )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )SBAR )NP )PP )PP )VP )VP )S )VP . )S  STOP
(SINV `` (S (NP It )NP (VP does n't (VP *UNK (ADVP well )ADVP (PP for (NP coming quarters )NP )PP )VP )VP )S , '' (VP said )VP (NP (NP John Jacobson )NP , (SBAR (WHNP who )WHNP (S (VP follows (NP the steel industry )NP (PP for (NP *UNKC *UNKC )NP )PP )VP )S )SBAR )NP . )SINV  STOP
(S (PP In (NP fact )NP )PP , (NP he )NP (VP thinks (SBAR (S (NP several steelmakers )NP (VP will (VP report (NP actual losses )NP (PP through (NP (NP the third quarter )NP (PP of (NP 1990 )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Bethlehem )NP , (NP (NP the nation 's )NP (ADJP second largest )ADJP steelmaker )NP , )NP (VP earned (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 54 cents )NP (NP a share )NP )NP )NP )VP . )S  STOP
(S (NP The figures )NP (VP include (NP (NP (NP (QP $ 15 million )QP )NP (PP in (NP (NP costs )NP (VP related (PP to (NP a blast *UNK *UNK )NP )PP )VP )NP )PP )NP and (NP (NP (QP $ 8 million )QP )NP (PP in (NP (NP losses )NP (PP from (NP (NP *UNKED work *UNK )NP (PP at (NP (NP the company 's )NP coal operations )NP )PP )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (PP In (NP the year-ago period )NP )PP , (NP Bethlehem )NP (VP earned (NP (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (PP including (NP (NP a (ADJP (QP $ 3.8 million )QP )ADJP gain )NP (PP from (NP (NP early retirement )NP (PP of (NP debt )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Third-quarter sales )NP (VP dropped (NP 11 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (NP (QP $ *UNKN billion )QP )NP (ADVP (NP a year )NP ago )ADVP )NP )PP )VP . )S  STOP
(S (PP In (NP (NP composite trading )NP (PP on (NP the New York Stock Exchange )NP )PP )NP )PP , (NP Bethlehem shares )NP (VP rose (NP 50 cents )NP (PP to (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (PP Of (NP all the major steelmakers )NP )PP , (NP Bethlehem )NP (VP would (VP seem (S (VP to (VP be (NP (NP the (ADJP most vulnerable )ADJP )NP (PP to (NP a slowdown )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP It )NP (VP has n't (VP diversified (PP beyond (NP steel )NP )PP )VP )VP )S , nor (SINV has (NP it )NP (VP linked (PRT up )PRT (PP with (NP a joint venture partner )NP )PP (S (VP to (VP share (NP costs and risks )NP )VP )VP )S )VP )SINV . )S  STOP
(SINV (S (ADVP However )ADVP , (PP in (NP (NP *UNK )NP (PP of (NP (NP the difficult industrywide environment )NP (PP of (NP (NP high cost )NP and (NP low volume )NP )NP )PP )NP )PP )NP )PP , (NP Bethlehem )NP `` (VP had (NP (ADJP pretty good )ADJP earnings numbers )NP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC *UNKC )NP , (NP (NP an analyst )NP (PP with (NP Salomon Brothers Inc )NP )PP )NP )NP . )SINV  STOP
(S (NP Ms. *UNKC )NP (VP (VP had (NP (NP estimated third-quarter earnings )NP (PP of (NP (NP 55 cents )NP (NP a share )NP )NP )PP )NP )VP , but (VP said (SBAR (S (NP (NP the losses )NP (PP for (NP the unusual items )NP )PP )NP (VP were (ADJP (ADJP larger )ADJP (SBAR than (S (VP expected )VP )S )SBAR )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP Still )ADVP , (NP (NP Bethlehem 's )NP core basic steel operations )NP (VP experienced (NP (NP a steep drop )NP (PP in (NP operating profit )NP )PP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP (NP (ADVP (NP a year )NP ago )ADVP , (SBAR (WHADVP when )WHADVP (S (NP the industry )NP (VP enjoyed (NP strong demand and pricing )NP )VP )S )SBAR )NP )NP )PP )NP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP its shipments )NP (VP declined (PP as (NP (NP a result )NP (PP of (NP (NP (NP a reduction )NP (PP in (NP inventories )NP )PP (PP by (NP service centers )NP )PP )NP , (NP a lackluster automotive market )NP and (NP (NP increasing competitive pressures )NP (PP in (NP the construction market )NP )PP )NP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP At (NP the same time )NP )PP , (NP production costs )NP , (PP compared (PP with (ADVP (NP a year )NP ago )ADVP )PP )PP , (VP were (VP boosted (PP by (NP (NP higher raw material and employment costs )NP , (SBAR (WHNP which )WHNP (S (VP resulted (PP from (NP (NP (NP the company 's )NP new labor pact )NP (ADJP effective (NP June 1 )NP )ADJP )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP anticipate (SBAR that (S (NP steel market conditions )NP (VP will (VP *UNK (NP a further moderate decline )NP (PP in (NP the fourth quarter )NP )PP )VP )VP )S )SBAR (SBAR as (S (S (NP the automotive sector )NP (VP remains (ADJP weak )ADJP )VP )S and (S (NP customers )NP (VP continue (S (VP to (VP adjust (NP inventories )NP )VP )VP )S )VP )S )S )SBAR )VP )S , '' (VP said )VP (NP Bethlehem Chairman Walter F. Williams )NP . )SINV  STOP
(S (NP He )NP (VP noted , (ADVP however )ADVP , (SBAR that (S (NP (NP the company 's )NP order entry )NP (VP has (VP increased (PP from (NP (NP the low levels )NP (PP of (NP the early summer )NP )PP )NP )PP , (PP following (NP (NP the end )NP (PP of (NP labor negotiations )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP , (VP hampered (PP by (NP (NP lower volume )NP (PP in (NP its specialty steel business )NP )PP )NP )PP )VP , )NP (VP said (SBAR (S (NP third-quarter net income )NP (VP dropped (NP 8 % )NP (PP to (NP (NP (QP $ 33 million )QP )NP , or (NP (NP 35 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ 36 million )QP )NP , or (NP (NP 39 cents )NP (NP a share )NP )NP (PP in (NP the year-ago quarter )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Sales )NP (VP dropped (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP , (SBAR because (S (NP the company )NP (ADVP no longer )ADVP (VP *UNK (NP (NP its Eastern Steel division )NP , (SBAR (WHNP which )WHNP (S (VP is (ADVP now )ADVP (NP (NP a joint venture )NP (PP with (NP *UNKC Steel Corp )NP )PP )NP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (PP Along (PP with (NP reduced volume )NP )PP )PP , (NP analysts )NP (VP said (SBAR (S (NP (NP the nation 's )NP (ADJP *UNK largest )ADJP steelmaker )NP (VP was (VP hurt (PP by (S (VP holding (NP *UNK- inventory )NP (SBAR (WHADVP when )WHADVP (S (NP (NP raw material costs )NP (PP of (NP (NP such key products )NP (PP as (NP *UNK )NP )PP )NP )PP )NP (VP dropped )VP )S )SBAR )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Operating profit )NP (VP dropped (NP 46 % )NP (PP in (NP its specialty *UNKED steel segment )NP )PP )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP the company )NP (VP said (SBAR (S (NP (NP higher sales and shipments )NP (PP to (NP service centers )NP )PP (PP from (NP its Armco Steel Co. joint venture )NP )PP )NP (VP failed (S (VP to (VP offset (NP (NP (NP weakness )NP (PP in (NP the automotive market )NP )PP )NP , (NP higher production costs )NP and (NP a *UNK product mix )NP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Armco shares )NP (VP closed (S (ADJP unchanged )ADJP )S (PP at (NP $ *UNKN )NP )PP (PP in (NP (NP composite trading )NP (PP on (NP the New York Stock Exchange )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP National Intergroup )NP , (SBAR (WHNP which )WHNP (S (VP owns (NP (NP 50 % )NP (PP of (NP (NP (NP the nation 's )NP (ADJP sixth largest )ADJP steelmaker )NP -- (NP National Steel Corp. )NP -- )NP )PP )NP )VP )S )SBAR )NP (VP posted (NP (NP net income )NP (PP for (NP the fiscal second-quarter )NP )PP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 33 cents )NP (NP a share )NP )NP )NP )PP )NP , (PP compared (PP with (NP (NP a net loss )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP Sales )NP (VP increased (PP in (NP (NP the quarter )NP (VP ended (NP Sept. 30 )NP )VP )NP )PP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP (ADVP (NP a year )NP ago )ADVP )NP )PP )VP . )S  STOP
(S (NP The latest period )NP (VP includes (NP (NP gains )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (NP (NP early retirement )NP (PP of (NP debt )NP )PP )NP and (NP tax loss *UNK- )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Last year 's )NP results )NP (VP were (VP hurt (PP by (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP restructuring charges )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP National Intergroup stock )NP (VP closed (PP at (NP $ 15 )NP )PP , (S (ADJP unchanged )ADJP )S (PP in (NP (NP composite trading )NP (PP on (NP the New York Stock Exchange )NP )PP )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP noted (SBAR that (S (NP its (NX (NX *UNKC Drug Co. )NX , (NX *UNKC Franklin Stores Inc. )NX and (NX *UNKC Corp. operations )NX )NX )NP (VP showed (NP improvements )NP (PP as (NP (NP a result )NP (PP of (NP restructuring moves )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (ADVP However )ADVP , (NP (NP its equity )NP (PP in (NP (NP the net income )NP (PP of (NP National Steel )NP )PP )NP )PP )NP (VP declined (PP to (NP (QP $ 6.3 million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP (PP as (NP (NP a result )NP (PP of (NP (NP (NP softer demand )NP and (NP lost orders )NP )NP (PP following (NP (NP prolonged labor talks )NP and (NP a threatened strike )NP )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP National Intergroup )NP (VP is (VP negotiating (PP for (NP (NP the sale )NP (PP of (NP (NP its (ADJP 50 % )ADJP interest )NP (PP in (NP National Steel )NP )PP )NP )PP )NP )PP (S (VP to (VP concentrate (ADVP more fully )ADVP (PP on (NP drug distribution operations )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP International Business Machines Corp. )NP (VP said (SBAR (S (NP it )NP (VP agreed (S (VP to (VP let (S (NP Motorola Inc. )NP (VP participate (PP in (NP a semiconductor research project )NP )PP )VP )S )VP )VP )S (PP as (NP (NP part )NP (PP of (NP its effort (S (VP to (VP bolster (NP the U.S. semiconductor industry )NP )VP )VP )S )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP IBM )NP , (SBAR (WHNP which )WHNP (S (VP made (NP the announcement )NP (PP at (NP (NP the *UNK )NP (PP of (NP (NP a research center )NP (ADVP here )ADVP )NP )PP )NP )PP )VP )S )SBAR , )NP (VP said (SBAR (S (NP it )NP (VP invited (NP (NP many other companies )NP )NP (S (VP to (VP participate )VP )VP )S (ADVP as well )ADVP , (PP including (NP (NP some )NP (PP from (NP Europe )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Jack *UNKC )NP , (NP (NP IBM 's )NP president )NP , )NP (VP (VP said (SBAR (S (NP IBM )NP (VP is (ADVP also )ADVP (VP considering (S (VP letting (S (NP other companies )NP (VP participate (PP in (NP additional semiconductor work )NP )PP )VP )S )VP )S )VP )VP )S )SBAR )VP but (VP declined (S (VP to (VP be (ADJP more specific )ADJP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP IBM )NP , (SBAR (WHNP which )WHNP (S (VP said (ADVP (NP a year )NP ago )ADVP (SBAR (S (NP it )NP (VP was (VP *UNKING (NP companies )NP (S (VP to (VP participate (PP in (NP some semiconductor work )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR , )NP (VP has (VP become (ADJP (ADVP far more )ADVP open (PP about (NP its technology )NP )PP )ADJP (SBAR as (S (NP it )NP (VP has (VP tried (S (VP to (VP rally (NP U.S. industry )NP (S (VP to (VP head (PRT off )PRT (NP (NP the Japanese )NP , (SBAR (WHNP who )WHNP (S (ADVP now )ADVP (VP dominate (NP (NP the market )NP (PP for (NP *UNK *UNK access memory chips )NP )PP )NP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (SBAR While (S (NP (NP IBM )NP , (NP (NP *UNKC )NP , (NP N.Y. )NP , )NP )NP (VP makes (NP (NP the bulk )NP (PP of (NP (NP the *UNKC )NP (SBAR (S (NP it )NP (VP uses )VP )S )SBAR )NP )PP )NP )VP )S )SBAR , (NP it )NP (VP does n't (VP make (NP (NP the equipment )NP (VP needed (S (VP to (VP produce (NP those chips )NP )VP )VP )S )VP )NP )VP )VP . )S  STOP
(S And (NP IBM )NP (VP worries (SBAR that (S (NP the Japanese )NP (VP will (VP take (PRT over )PRT (NP that equipment market )NP , (ADVP too )ADVP , (SBAR unless (S (NP U.S. semiconductor companies )NP (VP produce (NP (NP enough memory chips )NP )NP (ADVP here )ADVP (SBAR (S (VP to (VP keep (S (NP U.S. equipment makers )NP (ADJP healthy )ADJP )S )VP )VP )S )SBAR )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP U.S. equipment makers )NP )PP )NP (PRN , (S (NP IBM )NP (VP fears )VP )S , )PRN (VP would (VP leave (S (NP it )NP (ADJP *UNK (PP on (NP (NP many )NP (PP of (NP (NP the Japanese companies )NP (SBAR (WHNP that )WHNP (S (VP compete (PP with (NP it )NP )PP (PP in (NP (NP other parts )NP (PP of (NP the market )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )PP )ADJP )S )VP )VP . )S  STOP
(S (NP IBM )NP (ADVP also )ADVP (VP said (SBAR (S (NP it )NP (VP expects (S (VP to (VP benefit (PP from (NP (NP the expertise )NP (SBAR (WHNP that )WHNP (S (NP (NP Motorola )NP and (NP other companies )NP )NP (VP can (VP bring (S (VP to (VP bear (PP on (NP (NP the difficult problems )NP (VP involved (PP in (NP semiconductor manufacturing )NP )PP )VP )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP IBM )NP (ADVP already )ADVP (VP *UNK (PP in (NP one industrywide effort (S (VP to (VP improve (NP *UNKING techniques )NP )VP )VP )S )NP )PP )VP . )S  STOP
(S (NP IBM )NP (VP said (SBAR (S (NP it )NP (VP expects (S (NP industrywide efforts )NP (VP to (VP become (ADJP *UNK )ADJP )VP )VP )S (SBAR because (S (NP semiconductor manufacturing )NP (VP has (VP become (ADJP so expensive )ADJP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP A *UNK- plant )NP (VP (VP cost (NP (QP $ 40 million )QP )NP (PP in (NP the *UNK- )NP )PP )VP but (VP costs (NP (QP $ 500 million )QP )NP (NP today )NP (SBAR because (S (NP the technology )NP (VP is (ADJP so complex )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S And (NP IBM )NP (VP said (SBAR (S (NP it )NP (VP expects (S (NP the costs )NP (VP to (VP continue (S (VP climbing )VP )S )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP IBM )NP , (SBAR (WHNP which )WHNP (S (VP said (SBAR (S (NP Motorola )NP (VP is (VP paying (NP just a nominal fee )NP (S (VP to (VP cover (NP the *UNK- agreement )NP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR , )NP (VP acknowledged (SBAR (S (NP some companies )NP (VP had (VP turned (PRT down )PRT (NP its *UNK (S (VP to (VP join (PRT in )PRT )VP )VP )S )NP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP it )NP (VP said (SBAR (S (NP that )NP (VP was (SBAR (ADVP mainly )ADVP because (S (NP the project )NP (VP may not (VP bear (NP fruit )NP (PP until (NP the *UNK- )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP IBM )NP (VP said (SBAR (S (NP it )NP (VP thought (SBAR (S (NP more companies )NP (VP would (VP become (ADJP interested )ADJP (SBAR as (S (NP the project )NP (VP *UNK )VP )S )SBAR )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The project )NP (VP involving (NP Motorola )NP )VP )NP (VP concerns (NP (NP a technique )NP , (VP called (S (NP *UNKC *UNK )NP )S )VP , (SBAR (WHNP that )WHNP (S (VP figures (S (VP to (VP be (ADJP crucial (PP to (NP (NP future generations )NP (PP of (NP memory chips )NP )PP )NP )PP )ADJP )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP Currently )ADVP , (NP chips )NP (VP are (VP produced (PP by (S (VP *UNKING (NP light )NP (PP through (NP a *UNK )NP )PP (S (VP to (VP produce (NP an image )NP (PP on (NP the chip )NP )PP , (SBAR (ADVP much )ADVP as (S (NP a camera )NP (VP produces (NP an image )NP (PP on (NP film )NP )PP )VP )S )SBAR )VP )VP )S )VP )S )PP )VP )VP . )S  STOP
(S But (S (NP (NP details )NP (PP on (NP chips )NP )PP )NP (VP must (ADVP now )ADVP (VP be (ADJP *UNKLY fine )ADJP )VP )VP )S , and (S (NP (NP the *UNK )NP (PP of (NP even *UNK light )NP )PP )NP (VP are (ADJP long enough (SBAR so that (S (NP (NP the images )NP (SBAR (S (NP they )NP (VP draw )VP )S )SBAR )NP (VP may (VP be (ADJP too *UNK )ADJP )VP )VP )S )SBAR )ADJP -- (SBAR (ADVP much )ADVP as (S (NP (NP someone )NP (VP using (NP a wide *UNK )NP )VP )NP (VP (VP could (VP produce (NP a broad line )NP )VP )VP but (VP would (VP have (NP (NP trouble )NP (S (VP painting (NP a thin one )NP )VP )S )NP )VP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP *UNKC )NP , (PP by (NP contrast )NP )PP , (VP (VP travel (ADVP *UNK )ADVP )VP and (VP can (VP be (VP focused (ADVP (ADVP more *UNKLY )ADVP (PP than (NP light )NP )PP )ADVP )VP )VP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP have (NP problems )NP , (ADVP too )ADVP )VP . )S  STOP
(S (NP They )NP (VP (VP can (VP make (S (NP the *UNK )NP (ADJP *UNK )ADJP )S )VP )VP and (VP can (VP pass (PP through (NP (NP material )NP (SBAR (S (NP they )NP (VP 're not (VP supposed (S (VP to )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S But , (S (VP assuming (SBAR (S (NP those problems )NP (VP can (VP be (VP overcome )VP )VP )VP )S )SBAR )VP )S , (NP they )NP (VP should (VP allow (PP for (NP (NP memory chips )NP (SBAR (WHNP that )WHNP (S (VP could (VP approach (NP (NP (NP one billion *UNK )NP (PP of (NP information )NP )PP )NP -- (NP (NP (NP (QP 250 times )QP as much )NP (SBAR as (S (VP is (VP contained (PP in (NP (NP the *UNK- chips )NP (SBAR (WHNP that )WHNP (S (VP are (ADVP just )ADVP (VP reaching (NP the market )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP and (NP (NP (QP a million times )QP )NP (SBAR (WHNP what )WHNP (S (VP was (ADJP possible )ADJP (PP in (NP the mid-1970s )NP )PP )VP )S )SBAR )NP )NP )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC Aerospace Co. )NP (VP received (NP a (ADJP (QP $ 65 million )QP )ADJP contract (S (VP to (VP *UNK (NP (NP Continental Airlines ' )NP *UNKN planes )NP (PP with (NP the *UNKING *UNKC *UNKC and *UNKC *UNKC System )NP )PP )VP )VP )S )NP )VP . )S  STOP
(S (S (NP The *UNK system )NP (VP operates (S (ADJP independent (PP of (NP *UNKED radar systems )NP )PP )ADJP )S , (S (VP *UNKING (NP pilots )NP (PP of (NP nearby aircraft )NP )PP )VP )S )VP )S , (NP *UNKC )NP (VP said )VP . )S  STOP
(S (NP The system )NP (ADVP also )ADVP (VP provides (NP *UNK- *UNK )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (NP (NP a unit )NP (PP of (NP (NP *UNKC Inc. )NP , (NP (NP a manufacturer )NP (PP with (NP (NP interests )NP (PP in (NP (NP aerospace )NP , (NP automotive products )NP and (NP engineered materials )NP )NP )PP )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (NP Continental Airlines )NP (VP is (NP (NP a unit )NP (PP of (NP (NP Texas Air Corp. )NP , (NP Houston )NP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP (NP a stunning shift )NP (PP in (NP direction )NP )PP )NP )PP , (NP Provigo Inc. )NP (VP said (SBAR (S (NP it )NP (VP will (VP sell (NP all its *UNK- operations )NP (S (VP to (VP concentrate (PP (ADVP solely )ADVP on (NP its (ADJP retail and wholesale )ADJP grocery business )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNK- operations )NP (VP accounted (PP for (NP (NP (QP about 27 )QP % )NP (PP of (NP (NP (NP Provigo 's )NP (QP *UNKN billion )QP Canadian dollars )NP (PRN -LRB- (NP (QP US$ 6.3 billion )QP )NP -RRB- )PRN (PP in (NP sales )NP )PP )NP )PP )NP )PP (PP in (NP the latest fiscal year )NP )PP )VP . )S  STOP
(S (PP In (NP a related move )NP )PP , (NP (NP *UNKC *UNKC )NP , (NP (NP chairman )NP and (NP chief executive )NP )NP , )NP (VP resigned )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP (VP joined (NP Provigo )NP (PP in (NP 1985 )NP )PP )VP and (VP *UNKED (NP (NP the company 's )NP drive (S (VP to (VP grow (PP outside (NP its traditional food business )NP )PP )VP )VP )S )NP )VP )VP . )S  STOP
(S (NP He )NP (VP could n't (VP be (VP reached (PP for (NP comment )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (VP (ADVP newly )ADVP appointed (NP (NP chairman and interim chief executive )NP (PP of (NP Provigo )NP )PP )NP )VP , )NP (VP would n't (VP say (SBAR if (S (NP Mr. *UNKC )NP (VP was (VP asked (S (VP to (VP leave )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S `` (NP Mr. *UNKC )NP (VP felt (ADJP less *UNK )ADJP (PRN , '' (S (NP Mr. *UNKC )NP (VP said )VP )S )PRN , (PP given (NP the decision (S (VP to (VP dump (NP (NP Provigo 's )NP *UNK- operations )NP )VP )VP )S )NP )PP )VP . )S  STOP
(S `` (PP At (NP this stage )NP )PP (NP it )NP (VP was (VP felt (SBAR (S (NP I )NP (VP was (ADVP perhaps )ADVP (ADJP more *UNK )ADJP (PP as (NP chief executive )NP )PP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (ADVP also )ADVP (VP is (NP (NP chairman and chief executive )NP (PP of (NP (NP *UNKC Inc. )NP , (NP (NP Provigo 's )NP controlling shareholder )NP )NP )PP )NP )VP . )S  STOP
(S (PP At (NP a news conference )NP )PP , (NP Mr. *UNKC )NP (VP said (SBAR (S (NP (NP the sale )NP (PP of (NP (NP the three *UNK- businesses )NP , (SBAR (WHNP which )WHNP (S (VP account (PP for (NP (NP (QP nearly half )QP (NP the company 's )NP (QP C$ 900 million )QP )NP (PP in (NP assets )NP )PP )NP )PP )VP )S )SBAR , )NP )PP )NP (VP should (VP be (VP completed (PP in (NP (NP a `` matter )NP (PP of (NP months )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP The three units )NP (VP are (NP (NP a nationwide (UCP pharmaceutical and *UNK- )UCP distributor )NP , (NP a small *UNK- chain )NP , and (NP a combination catalog *UNK and *UNK- chain )NP )NP )VP . )S  STOP
(S (NP Investors and analysts )NP (VP *UNKED (NP the news )NP )VP . )S  STOP
(S (NP Provigo )NP (VP was (NP (NP the (ADJP most active )ADJP industrial stock )NP (PP on (NP (NP the Montreal Exchange )NP , (SBAR (WHADVP where )WHADVP (S (NP it )NP (VP closed (PP at (NP (NP (NP C$ *UNKN )NP -LRB- (NP US$ *UNKN )NP -RRB- )NP , (ADVP up (NP 75 Canadian cents )NP )ADVP )NP )PP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(SINV `` (S (NP I )NP (VP think (SBAR (S (NP it )NP (VP 's (NP a (ADJP pretty positive )ADJP development )NP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP Ross *UNKC )NP , (NP (NP a financial analyst )NP (PP with (NP *UNKC *UNKC *UNKC Inc. )NP )PP )NP )NP , (PP of (NP the decision (S (VP to (VP concentrate (PP on (NP *UNK )NP )PP )VP )VP )S )NP )PP . )SINV  STOP
(S (NP (NP Mr. *UNKC 's )NP departure )NP , (SBAR while (FRAG (ADJP sudden )ADJP )FRAG )SBAR , (VP was (VP seen (PP as (ADJP inevitable )ADJP )PP (PP in (NP (NP light )NP (PP of (NP (NP the shift )NP (PP in (NP strategy )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(SINV `` (S (S (NP The non-food operations )NP (VP were (NP (ADVP largely )ADVP (NP Mr. Lortie 's )NP creation )NP )VP )S -LCB- and -RCB- (S (NP his strategy )NP (VP did n't (NP work )NP )VP )S )S , '' (VP said )VP (NP (NP Steven *UNKC )NP , (NP (NP a financial analyst )NP (PP with (NP Midland *UNKC Ltd )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP (NP Provigo 's )NP profit record )NP (PP over (NP the past two years )NP )PP )NP (VP *UNKED (NP (NP (NP the company 's )NP and (NP Mr. Lortie 's )NP )NP *UNK )NP )VP . )S  STOP
(S (PP For (NP (NP the six months )NP (VP ended (NP Aug. 12 )NP )VP )NP )PP , (NP Provigo )NP (VP posted (NP (NP net income )NP (PP of (NP (NP (QP C$ 6.5 million )QP )NP , or (NP (NP eight Canadian cents )NP (NP a share )NP )NP )NP )PP )NP , (PP compared (PP with (NP (NP (QP C$ *UNKN million )QP )NP , or (NP (NP (NP 21 Canadian cents )NP (NP a share )NP )NP )NP , (ADVP (NP a year )NP earlier )ADVP )NP )PP )PP )VP . )S  STOP
(S (NP Sales )NP (VP were (NP (QP C$ 4.2 billion )QP )NP (PP compared (PP with (NP (QP C$ 3.7 billion )QP )NP )PP )PP )VP . )S  STOP
(S (NP Last month )NP , (NP Canadian Bond *UNKING Service )NP (VP *UNKED (NP (NP Provigo 's )NP commercial paper and debentures )NP (PP because of (NP its lackluster performance )NP )PP )VP . )S  STOP
(S (NP Analysts )NP (VP (VP are (ADJP skeptical (SBAR (S (NP Provigo )NP (VP will (VP be (ADJP able (S (VP to (VP sell (NP the non-food businesses )NP (PP as (NP a group )NP )PP (PP for (NP (ADVP at least )ADVP book value )NP )PP )VP )VP )S )ADJP )VP )VP )S )SBAR )ADJP )VP , and (VP are (VP expecting (NP write-downs )NP )VP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP he )NP (VP could n't (ADVP yet )ADVP (VP say (SBAR if (S (NP the sale prices )NP (VP would (VP match (NP book values )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP all three non-food operations )NP (VP are (ADJP profitable )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP (NP discussions )NP )NP (VP are (ADVP under way )ADVP (PP with (NP (NP potential purchasers )NP (PP of (NP (NP each )NP (PP of (NP the units )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP declined (S (VP to (VP confirm or deny (NP reports (SBAR that (S (NP Provigo executive *UNKC Roy )NP (VP is (VP trying (S (VP to (VP put (PRT together )PRT (NP (NP a management buy-out )NP (PP of (NP the *UNK *UNK unit )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (NP Mr. Roy )NP (VP could n't (VP be (VP reached )VP )VP )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP was (VP named (S (NP (NP (NP (NP senior executive vice president )NP and (NP chief operating officer )NP )NP (PP of (NP Provigo )NP )PP )NP , (NP a new position )NP )NP )S )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP was (NP (NP (NP president )NP and (NP chief operating officer )NP )NP (PP of (NP (NP Provigo 's )NP Quebec (ADJP retail and wholesale )ADJP grocery unit )NP )PP )NP )VP . )S  STOP
(S (NP Mr. Nadeau )NP (VP said (SBAR (S (NP he )NP (VP intends (S (VP to (VP remain (NP (NP Provigo 's )NP chief executive )NP (SBAR only until (S (NP the non-food businesses )NP (VP are (VP sold , (SBAR (WHPP after (WHNP a which )WHNP )WHPP (S (NP a new chief executive )NP (VP will (VP be (VP named )VP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP by (NP Federal Reserve Board Chairman Alan Greenspan )NP )PP )NP (VP *UNK (NP some support )NP (PP to (NP the dollar )NP )PP )VP )S , but (S (NP the U.S. unit )NP (VP ended (NP yesterday )NP (ADVP lower (PP against (NP most major currencies )NP )PP )ADVP )VP )S . )S  STOP
(S (NP *UNKC dealers )NP (VP (VP noted (SBAR that (S (NP (NP the impact )NP (PP of (NP (NP the chairman 's )NP remarks )NP )PP )NP (VP was (ADJP slight )ADJP )VP )S )SBAR )VP and (VP warned (SBAR that (S (NP the currency )NP (VP remains (ADJP sensitive (PP to (NP (NP developments )NP (PP on (NP Wall Street )NP )PP )NP )PP )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Traders )NP (VP said (SBAR that (S (NP (NP Mr. Greenspan )NP , (SBAR (WHNP whose statements )WHNP (S (VP are (ADVP *UNKLY )ADVP (ADJP cautious )ADJP )VP )S )SBAR , )NP (VP was (ADJP especially careful (S (VP to (VP avoid (NP any *UNKING *UNK )NP )VP )VP )S )ADJP , (PP with (S (NP (NP fears )NP (PP about (NP equities )NP )PP )NP (ADVP still )ADVP (VP *UNKING (NP financial markets )NP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (S (VP *UNKING (PP before (NP (NP a panel )NP (PP of (NP the House Banking Committee )NP )PP )NP )PP )VP )S , (NP Mr. Greenspan )NP (VP said (SBAR (S (NP (NP the short-term value )NP (PP of (NP the dollar )NP )PP (PP on (NP foreign-exchange markets )NP )PP )NP (VP is n't (NP (NP the primary policy focus )NP (PP of (NP the central bank )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP Our essential focus )NP (VP is (PP on (NP domestic policy )NP )PP )VP )S , '' (NP Mr. Greenspan )NP (VP said , (S (VP referring (PP to (NP (NP the goals )NP (PP of (NP (NP price stability )NP and (NP a stable economy )NP )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (PP In (NP perhaps his (ADJP most telling )ADJP *UNK )NP )PP , (NP Mr. Greenspan )NP (VP *UNKED (NP (NP the current U.S. inflation rate )NP (PP of (NP (QP around 4.5 )QP % )NP )PP )NP (PP as `` (ADJP (ADJP much too high )ADJP (SBAR (S (VP to (VP be (VP ignored )VP )VP )VP )S )SBAR )ADJP )PP )VP . '' )S  STOP
(S (NP He )NP (VP added , (ADVP however )ADVP , (SBAR that (S (NP inflation )NP (VP could (VP be (VP brought (ADVP down )ADVP `` (ADVP close (PP to (NP zero )NP )PP )ADVP '' (PP without (S (VP throwing (NP the economy )NP (PP into (NP a recession )NP )PP )VP )S )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Analysts )NP (VP viewed (NP (NP the chairman 's )NP comments )NP (PP as (NP an indication (SBAR that (S (NP the central bank )NP (VP is (VP *UNKED (S (VP to (VP ease (NP monetary policy )NP (ADVP further )ADVP (PP in (NP the near future )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The dollar )NP (VP climbed (ADVP immediately higher )ADVP (PP on (NP (NP news )NP (PP of (NP (NP Mr. Greenspan 's )NP testimony )NP )PP )NP )PP , (S (VP settling (ADVP lower )ADVP (PP in (NP later trade )NP )PP (SBAR as (S (NP dealers )NP (VP *UNKED (NP positions )NP (ADVP ahead (PP of (NP (NP (NP today 's )NP preliminary report )NP (PP on (NP third-quarter U.S. gross national product )NP )PP )NP )PP )ADVP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (PP In (NP late New York trading )NP )PP (NP yesterday )NP , (NP the dollar )NP (VP was (VP quoted (PP (PP at (NP (NP *UNKN marks )NP , (ADVP down (PP from (NP (NP *UNKN marks )NP (NP Tuesday )NP )NP )PP )ADVP , )NP )PP and (PP at (NP (NP *UNKN yen )NP , (ADVP up (PP from (NP (NP *UNKN yen )NP (NP late Tuesday )NP )NP )PP )ADVP )NP )PP )PP )VP )VP . )S  STOP
(S (NP Sterling )NP (VP was (VP quoted (PP at (NP (NP $ *UNKN )NP , (ADVP up (PP from (NP (NP $ *UNKN )NP (NP late Tuesday )NP )NP )PP )ADVP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP Tokyo )NP )PP (NP Thursday )NP , (NP the U.S. currency )NP (VP opened (PP for (NP trading )NP )PP (PP at (NP (NP *UNKN yen )NP , (ADVP up (PP from (NP (NP (NP Wednesday 's )NP Tokyo close )NP (PP of (NP *UNKN yen )NP )PP )NP )PP )ADVP )NP )PP )VP . )S  STOP
(S (NP Many traders )NP (VP (VP forecast (NP (NP a *UNK )NP (PP of (NP (NP the market 's )NP recent bearish trend )NP )PP )NP )VP and (VP predict (SBAR (S (NP the U.S. currency )NP (VP will (VP (VP remain (ADJP stuck (PP in (NP its (ADJP relatively narrow )ADJP ranges )NP )PP )ADJP (PP in (NP the near term )NP )PP )VP and (VP (ADVP then )ADVP shift (ADVP lower )ADVP )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S But (PP according (PP to (NP (NP *UNKC Madison )NP , (NP (NP a corporate trader )NP (PP with (NP (NP Bank )NP (PP of (NP America )NP )PP (PP in (NP Los Angeles )NP )PP )NP )PP )NP )NP )PP )PP , (NP (NP a large number )NP (PP of (NP short positions )NP )PP )NP (VP must (ADVP first )ADVP (VP be (VP corrected , (S (VP *UNKING (NP a temporary *UNKING )NP )VP )S , (SBAR before (S (NP the unit )NP (VP can (VP turn (ADVP lower )ADVP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP He )NP (VP predicts (NP (NP (NP a downward move )NP (PP in (NP *UNK- trade )NP )PP )NP and (NP (NP a (ADJP less dramatic )ADJP slip )NP (PP in (NP *UNK- )NP )PP )NP )NP , (S (VP noting (SBAR that (S (NP there )NP (VP continues (S (VP to (VP be (NP (NP a large pool )NP (PP of (NP (NP Japanese investor interest )NP (PP in (NP U.S. securities )NP )PP )NP )PP , (SBAR (WHNP which )WHNP (S (VP could (VP provide (NP (NP a solid base )NP (PP for (NP the dollar )NP )PP (PP at (NP around 140 yen )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP Market participants )NP (VP hope (SBAR (S (NP (NP today 's )NP GNP report )NP (VP will (VP offer (NP (NP (ADJP more substantial )ADJP evidence )NP (PP on (NP U.S. economic growth )NP )PP )NP )VP )VP )S )SBAR , (SBAR although (S (NP analysts )NP (VP are (ADJP quick (S (VP to (VP point (PRT out )PRT (SBAR that (S (NP the figures )NP (VP may (VP *UNK (NP (NP the economy 's )NP *UNK )NP )VP )VP )S )SBAR )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP The ` *UNK ' word )NP (VP is (VP *UNKING (ADVP again )ADVP )VP )VP )S , '' (VP says )VP (NP one dealer )NP , (S (VP referring (PP to (NP (NP persistent concern )NP (PP among (NP some market analysts )NP )PP (SBAR that (S (NP the U.S. economy )NP (VP is (VP heading (PP toward (NP (NP a major slowdown )NP (CONJP if not )CONJP (NP a recession )NP )NP )PP )VP )VP )S )SBAR )NP )PP )VP )S . )SINV  STOP
(S (NP Some dealers )NP (VP note (SBAR that (S (SBAR while (S (NP the third-quarter figures )NP (VP may (VP appear (ADJP relatively bullish )ADJP )VP )VP )S )SBAR (PRN -- (S (NP the market consensus )NP (VP calls (PP for (NP (NP a (ADJP 2.5 % )ADJP annual growth rate )NP , (ADJP unchanged (PP from (NP the second-quarter rate )NP )PP )ADJP )NP )PP )VP )S -- )PRN (NP (NP it )NP )NP (VP would (VP take (NP a (ADJP significantly stronger )ADJP figure )NP (S (VP to (VP alter (NP market *UNK (SBAR that (S (NP the economy )NP (VP is (VP *UNKING )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Some analysts )NP (VP *UNK (SBAR that (S (NP (NP the next quarter 's )NP figures )NP (VP will (VP present (NP (NP a (ADJP more *UNK )ADJP picture )NP (PP of (NP the U.S. economy )NP )PP )NP , (S (VP showing (NP (NP a marked slowdown )NP (PP in (NP (NP a number )NP (PP of (NP sectors )NP )PP , (PP including (NP (NP housing starts )NP and (NP equities )NP )NP )PP )NP )PP )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP On (NP (NP the Commodity Exchange )NP (PP in (NP New York )NP )PP )NP )PP , (NP (NP gold )NP (PP for (NP current delivery )NP )PP )NP (VP settled (PP at (NP (NP (NP $ *UNKN )NP (NP an ounce )NP )NP , (ADVP down (NP $ 1.10 )NP )ADVP )NP )PP )VP . )S  STOP
(S (NP Estimated volume )NP (VP was (NP a light (QP 1.7 million )QP ounces )NP )VP . )S  STOP
(S (PP In (NP (NP early trading )NP (PP in (NP Hong Kong )NP )PP )NP )PP (NP Thursday )NP , (NP gold )NP (VP was (VP quoted (PP at (NP (NP $ *UNKN )NP (NP an ounce )NP )NP )PP )VP )VP . )S  STOP
(S (NP Lawrence Insurance Group Inc. )NP (VP said (SBAR (S (NP it )NP (VP acquired (NP (NP United Republic *UNKC Co. )NP , (NP a Houston property and casualty reinsurance company )NP , )NP (PP from (NP (NP United Savings Association )NP (PP of (NP Texas )NP )PP )NP )PP (PP for (NP (QP $ 28 million )QP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Lawrence Insurance )NP (ADVP also )ADVP (VP sold (NP (NP (QP *UNKN million )QP )NP (PP of (NP its shares )NP )PP )NP (PP for (NP (NP $ *UNKN )NP (NP each )NP )NP )PP (PP to (NP (NP its parent )NP , (NP Lawrence Group Inc )NP )NP )PP )VP . )S  STOP
(S (NP (NP Lawrence Insurance )NP , (VP based (PP in (NP *UNKC , N.Y. , )NP )PP )VP )NP (VP plans (S (VP to (VP use (NP (NP the (QP $ 22.5 million )QP )NP (PP in (NP proceeds )NP )PP )NP (S (VP to (VP help (S (VP finance (NP (NP the acquisition )NP (PP of (NP United Republic )NP )PP )NP )VP )S )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (PP By (S (VP acquiring (NP the shares )NP )VP )S )PP , (NP Lawrence Group )NP (VP increased (NP (NP its stake )NP (PP in (NP Lawrence Insurance )NP )PP )NP (PP to (NP *UNKN % )NP )PP (PP from (NP *UNKN % )NP )PP )VP . )S  STOP
(S (S (NP Lawrence Insurance )NP (VP *UNK (ADVP mostly )ADVP (NP primary insurance )NP )VP )S , (NP a company spokesman )NP (VP said )VP . )S  STOP
(S (NP A reinsurance company )NP (ADVP effectively )ADVP (VP *UNK (NP (NP insurance companies )NP (SBAR (WHNP that )WHNP (S (VP wish (S (VP to (VP spread (NP (NP the risk )NP (PP of (NP a particular policy )NP )PP )NP )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Lawrence Group )NP (ADVP also )ADVP (VP owns (NP (NP (NP Lawrence Agency Corp. )NP , (NP *UNKC , N.Y. )NP )NP , (NP an insurance agency and brokerage )NP )NP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC Associates Inc. )NP , (NP (NP the (ADJP closely held )ADJP owner )NP (PP of (NP *UNKC *UNKC & Co. )NP )PP )NP , )NP (VP said (SBAR (S (NP its fiscal third-quarter earnings )NP (VP jumped (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP (ADVP (NP a year )NP earlier )ADVP )NP )PP , (S (VP *UNKED (PP by (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP gain )NP (PP from (NP (NP the sale )NP (PP of (NP (NP stock )NP (PP in (NP a Japanese subsidiary )NP )PP )NP )PP )NP )PP )NP )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The apparel holding company )NP (VP had (NP (NP sales )NP (PP in (NP (NP the quarter )NP (VP ended (NP Aug. 27 )NP )VP )NP )PP (PP of (NP (NP (QP $ 1 billion )QP )NP , (ADVP up (NP 12 % )NP (PP from (NP (QP $ *UNKN million )QP )NP (ADVP (NP a year )NP ago )ADVP )PP )ADVP )NP )PP )NP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP its quarterly results )NP (VP are (ADVP now )ADVP (VP being (ADVP publicly )ADVP (VP filed (PP as (NP (NP the result )NP (PP of (NP (NP the formation )NP (NP earlier this year )NP (PP of (NP employee stock investment plans )NP )PP )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Wall Street )NP (VP would (VP like (S (NP (NP UAL Corp. 's )NP board )NP (VP to (VP change (NP its mind )NP (PP about (S (VP keeping (S (NP the company )NP (ADJP independent )ADJP )S )VP )S )PP )VP )VP )S )VP )VP . )S  STOP
(S But (SBAR (WHNP what )WHNP (S (VP happens (ADVP next )ADVP (PP in (NP the continuing takeover drama )NP )PP )VP )S )SBAR (VP may (VP depend (PP (ADVP more )ADVP on (NP (NP (NP the company 's )NP two (ADJP most powerful and *UNK )ADJP unions )NP : (NP the pilots and machinists )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Some people )NP (ADJP familiar (PP with (NP the situation )NP )PP )ADJP )NP (VP believe (SBAR that (S (NP (NP the collapse )NP (PP of (NP the previous (ADJP (QP $ 6.79 billion )QP )ADJP buy-out )NP )PP )NP (PRN , (SBAR if (FRAG (NP anything )NP )FRAG )SBAR , )PRN (VP may (VP have (VP strengthened (NP (NP the hands )NP (PP of (NP these two labor groups )NP )PP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP As (NP a result )NP )PP , (NP both )NP (VP may (ADVP now )ADVP (VP have (NP (NP *UNK veto power )NP (PP over (NP any UAL transaction )NP )PP )NP )VP )VP . )S  STOP
(NP (NP One reason )NP : (S (NP (NP banks )NP -- (ADJP likely (S (VP to (VP *UNK (PP to (NP any new UAL deal )NP )PP (PP with (NP (NP (ADJP even more )ADJP caution )NP (PP than (NP the first time around )NP )PP )NP )PP )VP )VP )S )ADJP -- )NP (ADVP probably )ADVP (VP will (VP insist (PP on (NP labor *UNK )NP )PP (SBAR before (S (NP they )NP (VP agree (S (VP to (VP put (PRT up )PRT (NP cash )NP (PP for (NP (NP any new bid )NP or (NP even a *UNK- recapitalization plan )NP )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP )S . )NP  STOP
(SINV `` (S (NP United pilots )NP (VP have (VP shown (PP on (NP (NP a number )NP (PP of (NP occasions )NP )PP )NP )PP (SBAR (S (NP they )NP (VP are (ADJP willing and able (S (VP to (VP strike )VP )VP )S )ADJP )VP )S )SBAR )VP )VP )S , '' (VP said )VP (NP (NP an executive )NP (PP at (NP (NP Fuji Bank )NP , (NP (NP one )NP (PP of (NP (NP UAL 's )NP large lenders )NP )PP )NP )NP )PP )NP . )SINV  STOP
(S `` (S (SBAR If (S (NP you )NP (VP have (S (NP both -LCB- labor -RCB- groups )NP (PP on (NP strike )NP )PP )S )VP )S )SBAR , (NP you )NP (VP 've (VP got (NP no revenue )NP )VP )VP )S and (S (NP that )NP (VP 's (NP (NP a (ADJP very *UNK )ADJP thing )NP (SBAR for (S (NP a bank )NP (VP to (VP be (VP looking (PP at )PP )VP )VP )VP )S )SBAR )NP )VP )S . '' )S  STOP
(S (NP Just this past week )NP , (NP a leading Japanese bank )NP (VP asked (PP for (NP (NP (NP a meeting )NP (PP with (NP (NP the machinists ' )NP union leaders )NP )PP )NP (SBAR (S (VP to (VP determine (SBAR (WHADVP where )WHADVP (S (NP the union )NP (VP would (VP stand (SBAR if (S (NP (NP another bid )NP or (NP recapitalization )NP )NP (VP became (ADJP possible )ADJP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(NP (NP Another reason )NP : (S (S (VP *UNKED (PP by (NP (NP their success )NP (PP in (S (VP helping (S (VP to (VP scuttle (NP the previous transaction )NP )VP )VP )S )VP )S )PP )NP )PP )VP )S , (NP the machinists )NP (VP are (ADJP likely (S (VP to (VP be (ADJP more aggressive )ADJP (SBAR if (S (NP a second buy-out attempt )NP (VP occurs )VP )S )SBAR )VP )VP )S )ADJP )VP )S . )NP  STOP
(S (NP The two unions )NP (ADVP already )ADVP (VP had (NP significant leverage )NP (SBAR (ADVP simply )ADVP because (S (NP their employer )NP (VP has (PRT yet )PRT (S (VP to (VP settle (PP with (NP either )NP )PP (PP on (NP new contracts )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP gives (NP them )NP (NP both (NP (NP the threat )NP (PP of (NP a strike )NP )PP )NP and (NP the ability (S (VP to (VP *UNK (NP (NP any wage concessions )NP (SBAR (WHNP that )WHNP (S (VP may (VP be (ADJP necessary (S (VP to (VP make (S (NP a transaction )NP (VP work )VP )S )VP )VP )S )ADJP )VP )VP )S )SBAR )NP )VP )VP )S )NP )NP )VP . )S  STOP
(S (ADVP Thus )ADVP , (NP (NP even investors )NP (SBAR (WHNP who )WHNP (S (VP are (VP pushing (SBAR for (S (NP the board )NP (VP to (VP do (NP (NP a recapitalization )NP (SBAR (WHNP that )WHNP (S (VP would (VP (VP pay (NP shareholders )NP (NP a special dividend )NP )VP and (VP (ADVP possibly )ADVP grant (NP employees )NP (NP an ownership stake )NP )VP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP (VP *UNK (SBAR that (S (NP the unions )NP (VP are (ADJP key )ADJP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP There )NP (VP 's (NP (NP less likelihood )NP (PP of (S (VP creating and completing (NP a transaction )NP )VP )S )PP )NP (PP without (NP (NP the unions ' )NP (NX (NX cooperation )NX and (NX wage concessions )NX )NX )NP )PP )VP )S , '' (VP said )VP (NP (NP Richard *UNKC , )NP (PP of (NP (NP Baker , *UNKC Investments )NP , (NP a New York takeover *UNK- )NP )NP )PP )NP . )SINV  STOP
(S (NP Mr. *UNKC )NP (VP thinks (SBAR (S (NP the UAL board )NP (VP should (VP be (VP ousted (SBAR if (S (NP it )NP (VP does n't (VP move (ADVP soon )ADVP (S (VP to (VP increase (NP shareholder value )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Both the pilots and machinists )NP (VP have (VP made (S (NP (NP it )NP )NP (ADJP clear )ADJP (SBAR that (S (NP they )NP (VP intend (S (VP to (VP block (NP (NP any transaction )NP (SBAR (S (NP they )NP (VP do n't (VP like )VP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )S )VP )VP . )S  STOP
(S `` (S (NP The pilots )NP (VP will (VP be (ADJP involved (PP in (NP (NP any transaction )NP (SBAR (WHNP that )WHNP (S (VP takes (NP place )NP (PP around (NP here )NP )PP )VP )S )SBAR )NP )PP )ADJP )VP )VP )S , '' (NP pilot union chairman Frederick C. *UNKC )NP (VP declared (NP yesterday )NP )VP . )S  STOP
(S But (SBAR whether (S (NP the pilots )NP (VP can (VP team (ADVP up )ADVP (PP with (NP (NP their longtime *UNK )NP , (NP the machinists )NP , )NP )PP )VP )VP )S )SBAR (VP is (NP another question )NP )VP . )S  STOP
(S (NP (NP The pilots ' )NP Mr. *UNKC )NP (VP says (SBAR (S (NP his union )NP (VP would (VP like (NP (NP majority ownership )NP (PP for (NP employees )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP At (NP the (ADJP very least )ADJP )NP )PP , (NP the pilots )NP (VP want (NP (NP some form )NP (PP of (NP (NP control )NP (PP over (NP the airline )NP )PP )NP )PP , (PP (ADVP perhaps )ADVP through (NP *UNK- voting rights )NP )PP )NP )VP . )S  STOP
(S (PP On (NP the other hand )NP )PP , (NP the machinists )NP (VP have (ADVP always )ADVP (VP opposed (NP majority ownership )NP (PP in (NP principle )NP )PP )VP , (S (VP saying (SBAR (S (NP they )NP (VP do n't (VP think (SBAR (S (NP employees )NP (VP should (VP be (NP owners )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (ADVP Still )ADVP , (PP in (NP recent days )NP )PP , (NP (NP machinists ' )NP union leaders )NP (VP have (VP shown (NP some new flexibility )NP )VP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP may (VP be (ADJP able (S (VP to (VP reach (NP (NP a *UNK )NP (SBAR (WHADVP where )WHADVP (S (NP we )NP (VP can (VP accommodate (NP (NP -LCB- (NP the pilot union 's )NP -RCB- concerns )NP and (NP *UNK )NP )NP )VP )VP )S )SBAR )NP )VP )VP )S )ADJP )VP )VP )S , '' (VP said )VP (NP (NP Brian M. Freeman )NP , (NP (NP the machinists ' )NP financial adviser )NP )NP . )SINV  STOP
(S (NP Mr. Freeman )NP (VP said (SBAR (S (NP (NP machinists ' )NP union advisers )NP (VP plan (S (VP to (VP meet (NP this week )NP (S (VP to (VP try (S (VP to (VP draw (PRT up )PRT (NP (NP a blueprint )NP (PP for (NP (NP some form )NP (PP of (NP recapitalization )NP )PP (SBAR (WHNP that )WHNP (S (VP could (VP include (NP (NP (NP a special dividend )NP (PP for (NP shareholders )NP )PP )NP , (NP an employee stake )NP and , (ADVP perhaps )ADVP , (NP (NP an equity investment )NP (PP by (NP a friendly investor )NP )PP )NP )NP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP )VP )S )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (SBAR If (S (NP a compromise )NP (VP ca n't (VP be (VP reached )VP )VP )VP )S )SBAR , (NP the pilots )NP (VP maintain (SBAR (S (NP they )NP (VP can (VP do (NP a transaction )NP (PP without (NP (NP the support )NP (PP of (NP the machinists )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S But (PP at (NP this point )NP )PP , (NP that )NP (VP may (ADVP just )ADVP (VP be (NP *UNK thinking )NP )VP )VP . )S  STOP
(S (NP The machinists )NP (VP *UNKED (ADVP heavily )ADVP (PP against (NP (NP the original bid )NP (PP from (NP UAL pilots and management )NP )PP (PP for (NP the company )NP )PP )NP )PP )VP . )S  STOP
(S (NP Their opposition )NP (VP helped (S (VP *UNK (PRT off )PRT (NP some Japanese banks )NP )VP )S )VP . )S  STOP
(S (NP (NP (NP The pilots ' )NP *UNK )NP (PP on (NP majority ownership )NP )PP )NP (ADVP also )ADVP (VP may (VP make (S (NP (NP the idea )NP (PP of (NP a recapitalization )NP )PP )NP (ADJP difficult (SBAR (S (VP to (VP achieve )VP )VP )S )SBAR )ADJP )S )VP )VP . )S  STOP
(SINV `` (SBARQ (WHNP Who )WHNP (SQ (VP wants (S (VP to (VP be (NP (NP a public shareholder )NP (VP investing (PP in (NP (NP a company )NP (VP controlled (PP by (NP (NP the pilots ' )NP union )NP )PP )VP )NP )PP )VP )NP )VP )VP )S )VP )SQ ? )SBARQ '' (VP asks )VP (NP (NP *UNKC *UNKING )NP , (NP (NP an analyst )NP (PP at (NP *UNKC *UNKC & Co )NP )PP )NP )NP . )SINV  STOP
(S `` (UCP (SBARQ (WHNP Who )WHNP (SQ would (NP the board )NP (VP be (VP working (PP for )PP )VP )VP )SQ )SBARQ -- (NP (NP the public shareholders )NP or (NP the pilots )NP )NP ? )UCP '' (NP she )NP (VP adds )VP . )S  STOP
(S (NP Ms. *UNKING )NP (VP says (SBAR (S (NP she )NP (VP believes (SBAR (S (NP (NP a recapitalization )NP (VP involving (NP employee ownership )NP )VP )NP (VP would (VP succeed (SBAR only if (S (NP the pilots )NP (VP *UNK (PP on (NP (NP their demand )NP (PP for (NP control )NP )PP )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP She )NP (ADVP also )ADVP (VP notes (SBAR that (S (SBAR even if (S (NP the pilots )NP (VP accept (NP a minority stake )NP (ADVP now )ADVP )VP )S )SBAR , (NP they )NP (ADVP still )ADVP (VP could (VP (VP come (ADVP back )ADVP (PP at (NP a later time )NP )PP )VP and (VP try (S (VP to (VP take (NP control )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Another possibility )NP (VP is (SBAR for (S (NP the pilots ' )NP (VP to (VP team (PRT up )PRT (PP with (NP (NP an outside investor )NP (SBAR (WHNP who )WHNP (S (VP might (VP try (S (VP to (VP force (NP (NP the *UNK )NP (PP of (NP the board )NP )PP )NP (PP through (NP (NP the *UNK )NP (PP of (NP *UNK )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP that way )NP )PP , (NP the pilots )NP (VP may (VP be (ADJP able (S (VP to (VP force (S (NP the board )NP (VP (VP to (VP approve (NP (NP a recapitalization )NP (SBAR (WHNP that )WHNP (S (VP gives (NP employees )NP (NP a majority stake )NP )VP )S )SBAR )NP )VP )VP , or (VP to (VP consider (NP (NP the labor-management group 's )NP latest proposal )NP )VP )VP )VP )S )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (NP The group )NP (VP (VP did n't (VP make (NP a formal offer )NP )VP )VP , but (ADVP instead )ADVP (VP told (NP (NP UAL 's )NP advisers )NP (PP before (NP the *UNK- board meeting )NP )PP (SBAR that (S (NP it )NP (VP was (VP working (PP on (NP (NP a bid )NP (VP valued (PP at (NP (NP (QP between $ 225 and $ *UNKN )QP )NP (NP a share )NP )NP )PP )VP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S But (ADVP again )ADVP , (NP they )NP (VP may (VP need (NP (NP the help )NP (PP of (NP the machinists )NP )PP )NP )VP )VP . )S  STOP
(SINV `` (S (NP I )NP (VP think (SBAR (S (NP (NP the *UNK )NP (PP of (NP this situation )NP )PP )NP (VP are (SBAR that (S (NP something )NP (VP 's (VP got (S (VP to (VP happen )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP one official )NP (ADJP familiar (PP with (NP the situation )NP )PP )ADJP )NP . )SINV  STOP
(S (NP (NP The board )NP and (NP (NP UAL 's )NP management )NP )NP (PRN , (S (NP he )NP (VP says )VP )S , )PRN `` (VP ca n't (VP go (ADVP back )ADVP '' (PP to (NP (NP business )NP (PP as (ADJP usual )ADJP )PP )NP )PP )VP )VP . )S  STOP
(S `` (NP The pilots )NP (VP wo n't (VP let (NP them )NP )VP )VP . )S  STOP
(S (NP Delta Air Lines earnings )NP (VP soared (NP 33 % )NP (PP to (NP a record )NP )PP (PP in (NP the fiscal first quarter )NP )PP , (S (VP *UNKING (NP (NP the industry trend )NP (PP toward (NP declining profits )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP (NP The *UNKED airline )NP , (NP (NP the (ADJP third largest )ADJP )NP (PP in (NP the U.S. )NP )PP )NP , )NP (VP attributed (NP the increase )NP (PP to (NP (NP higher passenger traffic )NP , (NP new international routes )NP and (NP (NP reduced service )NP (PP by (NP (NP rival Eastern Airlines )NP , (SBAR (WHNP which )WHNP (S (VP is (PP in (NP bankruptcy proceedings )NP )PP (PP in (NP (NP the wake )NP (PP of (NP (NP a strike )NP (SBAR (WHNP that )WHNP (S (VP began (NP last spring )NP )VP )S )SBAR )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )NP )PP )VP . )S  STOP
(S (PP For (NP (NP the quarter )NP (VP ended (NP Sept. 30 )NP )VP )NP )PP , (NP Delta )NP (VP posted (NP (NP net income )NP (PP of (NP (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (ADVP up (PP from (NP (NP (QP $ 100 million )QP )NP , or (NP (NP (NP $ *UNKN )NP (NP a share )NP )NP , (ADVP (NP a year )NP earlier )ADVP )NP )NP )PP )ADVP )NP )PP )NP )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP 15 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (PP During (NP the quarter )NP )PP , (NP Delta )NP (VP (VP issued (NP (NP (QP 2.5 million )QP shares )NP (PP of (NP common stock )NP )PP )NP (PP to (NP *UNKC )NP )PP )VP , and (VP *UNKED (NP (QP 1.1 million )QP shares )NP (PP for (NP (NP use )NP (PP in (NP a company employee stock ownership plan )NP )PP )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP (NP The key )NP (PP to (NP (NP Delta 's )NP record earnings )NP )PP )NP (VP continued (S (VP to (VP be (NP excellent passenger revenue growth )NP )VP )VP )S )VP )S , '' (VP said )VP (NP (NP Thomas *UNKC )NP , (NP chief financial officer )NP )NP . )SINV  STOP
(S (NP *UNKC traffic )NP (VP jumped (NP 14 % )NP (PP in (NP the quarter )NP )PP , (SBAR while (S (NP (NP profit )NP (PP per (NP passenger )NP )PP )NP (VP grew (NP 2 % )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Delta )NP (VP has (VP benefited (ADVP (ADVP more )ADVP (PP than (NP other carriers )NP )PP )ADVP (PP from (NP (NP the weakness )NP (PP of (NP (NP Eastern Airlines )NP , (SBAR (WHNP which )WHNP (S (VP shares (NP the Atlanta *UNK )NP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (SBAR Although (S (NP Eastern )NP (VP is (ADVP back (PP to (NP (NP (QP about 80 )QP % )NP (PP of (NP its *UNK- schedule )NP )PP )NP )PP )ADVP (ADVP now )ADVP )VP )S )SBAR , (NP the Texas Air Corp. subsidiary )NP (VP was (ADVP only )ADVP (VP beginning (S (VP to (VP get (ADVP back (PP on (NP its feet )NP )PP )ADVP (PP during (NP the quarter )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP (NP America West Airlines )NP , (NP Phoenix , Ariz. )NP , )NP (VP reported (SBAR (S (NP third-quarter profit )NP (VP jumped (NP 45 % )NP (PP to (NP (NP (QP $ 5.8 million )QP )NP , or (NP (NP 28 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ 4 million )QP )NP , or (NP (NP 24 cents )NP (NP a share )NP )NP , (ADVP (NP a year )NP earlier )ADVP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The latest results )NP (VP include (NP (NP a (ADJP (QP $ 2.6 million )QP )ADJP one-time payment )NP (PP from (NP a `` foreign entity )NP )PP )NP )VP . '' )S  STOP
(S (NP America West )NP (VP (VP would n't (VP identify (NP the entity )NP )VP )VP , but (VP said (SBAR (S (NP the payment )NP (VP was (PP for (NP (NP (NP the foreign company 's )NP use )NP (PP of (NP certain tax benefits )NP )PP (PP in (NP (NP connection )NP (PP with (NP America West plane purchases )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP *UNKC results )NP (VP included (NP (NP an extraordinary gain )NP (PP of (NP (QP $ 1.6 million )QP )NP )PP (PP from (NP (NP a buy-back )NP (PP of (NP convertible subordinated debentures )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP 21 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP America West )NP (VP posted (NP (NP earnings )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 97 cents )NP (NP a share )NP )NP )NP )PP )NP , (PP compared (PP with (NP (NP a loss )NP (PP of (NP (NP (QP $ 9.7 million )QP )NP , or (NP (NP 74 cents )NP (NP a share )NP )NP , (ADVP (NP a year )NP earlier )ADVP )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP 27 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(NP *UNKC : )NP  STOP
(S (NP (NP Thomson Corp. 's )NP Globe & *UNKC newspaper )NP (PP in (NP November )NP )PP (VP will (VP begin (S (VP *UNKING (NP an *UNK edition )NP (PP to (NP (NP selected subscribers ' )NP *UNK machines )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP The *UNK- news *UNK )NP (VP will (VP be (VP aimed (PP at (NP (NP readers )NP (PP (PP outside (NP Canada )NP )PP or (PP in (NP (NP Canadian locations )NP (SBAR (WHADVP where )WHADVP (S (NP the national daily )NP (VP is n't (ADJP available )ADJP (PP on (NP (NP the day )NP (PP of (NP publication )NP )PP )NP )PP )VP )S )SBAR )NP )PP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (PP In (NP the U.S. )NP )PP , (S (NP the Hartford *UNKC )NP (VP has (NP a *UNK edition )NP )VP )S and (S (NP some other newspapers )NP (VP are (VP considering (NP the idea )NP )VP )VP )S . )S  STOP
(SBARQ (WHNP *UNKC )WHNP (SQ (VP 'S (NP *UNKC )NP )VP )SQ : )SBARQ  STOP
(S (NP (NP Michael T. *UNKC )NP , (NP (NP advertising director )NP (PP of (NP *UNKC magazine )NP )PP )NP , )NP (VP was (VP named (S (NP (NP publisher )NP (PP of (NP National *UNKC and Heavy *UNKC magazines )NP )PP )NP )S , (S (VP succeeding (NP George *UNKC )NP )VP )S )VP )VP . )S  STOP
(S (NP It )NP (VP was (NP (NP the first management change )NP (SBAR since (S (NP *UNK- Daniel *UNKC and *UNKC *UNKC )NP (VP took (NP control )NP (PP of (NP National *UNKC Inc. )NP )PP (PP in (NP March )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP They )NP (VP (VP are (VP looking (PP for (NP (NP a new editor )NP (PP for (NP National *UNKC )NP )PP )NP )PP )VP )VP and (VP are (VP trying (S (VP to (VP sell (NP Heavy *UNKC )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP Columbia Savings & Loan Association )NP , (S (VP *UNKING (PP from (NP (NP (NP *UNKING changes )NP (VP *UNKED (PP by (NP Congress )NP )PP )VP )NP and (NP (NP the recent collapse )NP (PP of (NP the junk-bond market )NP )PP )NP )NP )PP )VP )S , (VP announced (NP (NP a loss )NP (PP for (NP the third quarter )NP )PP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )NP )VP . )S  STOP
(S (PP For (NP (NP the quarter )NP (ADVP (NP a year )NP ago )ADVP )NP )PP , (NP Columbia )NP (VP reported (NP (NP earnings )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 37 cents )NP (NP a share )NP )NP )NP )PP )NP )VP . )S  STOP
(S (NP Total assets )NP (VP increased (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP in (NP the latest quarter )NP )PP (PP from (NP (NP (QP $ *UNKN billion )QP )NP (ADVP (NP a year )NP earlier )ADVP )NP )PP )VP . )S  STOP
(S (NP The loss )NP (VP stems (PP from (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP (NP write-downs )NP (PP on (NP (NP (NP Columbia 's )NP (ADJP (QP $ 4.4 billion )QP )ADJP high-yield investment securities portfolio )NP , (SBAR (WHNP which )WHNP (S (VP includes (NP (NP (NP (QP about $ 3.7 billion )QP )NP (PP of (NP junk bonds )NP )PP )NP , (NP (NP (QP $ 400 million )QP )NP (PP of (NP preferred stock )NP )PP )NP , and (NP Treasury securities )NP )NP )VP )S )SBAR )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Columbia )NP (VP owes (NP (NP its *UNK growth )NP (PP in (NP recent years )NP )PP )NP (PP to (NP (NP its junk-bond portfolio )NP , (NP (NP the largest )NP (PP of (NP any U.S. thrift )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP (NP Much )NP (PP of (NP (NP Columbia 's )NP junk-bond trading )NP )PP )NP (VP has (VP been (VP done (PP through (NP (NP the high-yield department )NP (PP of (NP (NP its Beverly Hills *UNK )NP , (NP Drexel Burnham Lambert Inc )NP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP losses )NP (VP totaled (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (PP compared (PP with (NP (NP net income )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , (ADVP (NP a year )NP earlier )ADVP )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP The results )NP (VP include (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP write-down )NP (PP of (NP (NP the securities )NP (PP in (NP the high-yield portfolio )NP )PP )NP )PP (PP to (NP (NP the lower )NP (PP of (NP their (NX (NX cost )NX or (NX market value )NX )NX )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Columbia )NP (ADVP also )ADVP (VP added (NP (QP $ *UNKN million )QP )NP (PP to (NP (NP reserves )NP (PP for (NP (NP losses )NP (PP on (NP the portfolio )NP )PP )NP )PP )NP )PP , (S (VP increasing (NP general reserves )NP (PP to (NP (NP (QP $ 300 million )QP )NP , or (NP (NP (QP about 6.7 )QP % )NP (PP of (NP the total portfolio )NP )PP )NP , )NP )PP )VP )S (PP as (PP of (NP Sept. 30 )NP )PP )PP )VP . )S  STOP
(S (PP On (NP June 30 )NP )PP , (NP loss reserves )NP (VP stood (PP at (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP *UNKC officials )NP (VP said (SBAR (S (NP the (ADJP (QP $ 300 million )QP )ADJP reserve )NP (VP (VP will (VP be (VP adjusted (ADVP quarterly )ADVP )VP )VP )VP and (VP will (VP reflect (NP (NP (NP the rate )NP (PP of (NP *UNK )NP )PP )NP and (NP market conditions )NP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The adjustments )NP (VP result (PP from (NP (NP the (ADJP recently passed )ADJP *UNK- bailout legislation )NP , (SBAR (WHNP which )WHNP (S (VP requires (S (NP thrifts )NP (VP to (VP *UNK (NP all high-yield bond investments )NP (PP by (NP 1994 )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (ADVP Previously )ADVP , (NP Columbia )NP (VP did n't (VP have (S (VP to (VP adjust (NP (NP the book value )NP (PP of (NP its junk-bond holdings )NP )PP )NP (S (VP to (VP reflect (NP (NP declines )NP (PP in (NP market prices )NP )PP )NP )VP )VP )S )VP )VP )S , (SBAR because (S (NP it )NP (VP held (NP the bonds )NP (PP as (NP long-term investments )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (SBAR Because (S (NP Columbia )NP (ADVP now )ADVP (VP must (VP sell (NP the bonds )NP (PP within (NP five years )NP )PP )VP )VP )S )SBAR , (NP accounting rules )NP (VP require (S (NP the thrift )NP (VP to (VP value (NP the bonds )NP (PP at (NP (NP the lower )NP (PP of (NP cost or market prices )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP For (NP its future strategy )NP )PP , (NP Columbia officials )NP (VP said (SBAR (S (NP the thrift )NP (VP may (VP branch (PRT out )PRT (PP into (NP (NP (NP commercial lending )NP or (S (VP managing (NP outside investments )NP )VP )S )NP , (CONJP as well as )CONJP (S (VP *UNKING (PRT up )PRT (NP (ADJP more traditional )ADJP thrift activities )NP )VP )S )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The quarterly results )NP (ADVP also )ADVP (VP reflected (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP (NP *UNKING losses )NP (PP from (NP (NP commercial real-estate activities )NP (PP in (NP California )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Thomas *UNKC )NP , (NP (NP Columbia 's )NP chairman )NP , )NP (VP said (PP in (NP a statement )NP )PP (SBAR that (S (NP the thrift )NP (VP was (ADJP `` disappointed '' (PP by (NP (NP the effects )NP (PP of (NP the accounting changes )NP )PP )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S But (NP he )NP (VP said (SBAR (S (NP Columbia )NP (VP remains `` (NP (NP one )NP (PP of (NP (NP the (ADJP (ADVP most strongly )ADVP *UNKED )ADJP thrifts )NP (PP in (NP the industry )NP )PP )NP )PP )NP , '' (PP based (PP on (NP (NP the economic value )NP (PP of (NP its (NX (NX assets )NX and (NX *UNK capital )NX )NX )NP )PP )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Columbia )NP (VP announced (NP the results )NP (PP after (NP (NP the close )NP (PP of (NP the stock market )NP )PP )NP )PP )VP . )S  STOP
(S (NP Its shares )NP (VP closed (PP at (NP (NP $ *UNKN )NP (NP each )NP )NP )PP (PP in (NP composite New York Stock Exchange trading )NP )PP , (ADVP down (NP 37.5 cents )NP )ADVP )VP . )S  STOP
(S (NP (NP The price )NP (PP of (NP Columbia shares )NP )PP )NP (VP has (VP been (VP cut (PP (ADVP nearly )ADVP in (NP half )NP )PP (PP since (NP (NP August )NP , (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP traded (PP at (NP (QP about $ 10 )QP )NP )PP )VP )S )SBAR )NP )PP , (SBAR as (S (NP investors )NP (ADVP apparently )ADVP (VP realized (SBAR that (S (NP the thrift )NP (VP would (VP be (VP forced (S (VP to (VP take (NP a big write-down )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP (NP The stock 's )NP decline )NP (VP *UNKED (PP in (NP the past two weeks )NP )PP , (PP from (NP (NP a price )NP (PP of (NP (NP $ 8 )NP (NP a share )NP )NP )PP (PP on (NP Oct. 9 )NP )PP )NP )PP )VP . )S  STOP
(S (NP Columbia officials )NP (VP said (SBAR (S (NP they )NP (VP do n't (VP know (SBAR (WHADVP how quickly )WHADVP (S (NP they )NP (VP will (VP *UNK (PP of (NP (NP the thrift 's )NP junk bonds )NP )PP )VP )VP )S )SBAR , (SBAR because (S (NP (NP federal regulations )NP , (PP such as (NP (NP those )NP (SBAR (WHNP that )WHNP (S (VP would (VP allow (S (NP thrifts )NP (VP to (VP continue (S (VP holding (NP the bonds )NP (PP in (NP (ADJP separately *UNKED )ADJP subsidiaries )NP )PP )VP )S )VP )VP )S )VP )VP )S )SBAR )NP )PP , )NP (VP have n't (ADVP yet )ADVP (VP been (VP completed )VP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Columbia officials )NP (ADVP also )ADVP (VP said (SBAR (S (NP the thrift )NP (VP should n't (VP face (NP problems )NP (S (VP meeting (NP regulatory capital requirements )NP )VP )S , (PP despite (NP (NP the large reserves and write-downs )NP and (NP (NP *UNK regulatory requirements )NP (SBAR (WHNP that )WHNP (S (VP should (VP be (PP in (NP place )NP )PP (PP by (NP (NP year 's )NP end )NP )PP )VP )VP )S )SBAR )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Its ratio )NP (PP of (NP *UNK equity )NP )PP (PP to (NP total assets )NP )PP (PP as (PP of (NP Sept. 30 )NP )PP )PP )NP (VP was (NP 3.6 % )NP )VP )S , and (S (NP total equity )NP (VP was (NP (QP $ *UNKN million )QP )NP )VP )S . )S  STOP
(S (NP The thrift )NP (VP emphasized (SBAR that (S (NP it )NP (VP has (NP (NP a large portfolio )NP (PP of (NP (NP equity securities )NP (VP issued (PP in (NP (NP connection )NP (PP with (NP (NP corporate *UNK )NP and (NP leveraged buy-outs )NP )NP )PP )NP )PP )VP )NP )PP , (SBAR (WHNP which )WHNP (S (VP has (NP (NP a book value )NP (PP of (NP (QP $ 90 million )QP )NP )PP )NP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Although (S (NP (NP many )NP (PP of (NP (NP the transactions )NP (ADJP related (PP to (NP those securities )NP )PP )ADJP )NP )PP )NP (VP have n't (VP been (VP completed )VP )VP )VP )S )SBAR , (NP Columbia )NP (VP said (SBAR (S (NP (NP the ultimate gain )NP (PP on (NP (NP the sale )NP (PP of (NP those assets )NP )PP )NP )PP )NP (VP will (VP range (PP (PP from (NP (QP $ 200 million )QP )NP )PP (PP to (NP (QP $ 300 million )QP )NP )PP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Columbia )NP (ADVP also )ADVP (VP has (NP (NP *UNKED gains )NP (PP in (NP its public equity securities portfolio )NP )PP (PP of (NP (QP more than $ 70 million )QP )NP )PP )NP )VP . )S  STOP
(S (NP (NP David B. *UNKC )NP (PP in (NP New York )NP )PP )NP (VP contributed (PP to (NP this article )NP )PP )VP . )S  STOP
(S (NP *UNKC Cos. )NP (VP said (SBAR (S (NP it )NP (VP plans (S (VP to (ADVP aggressively )ADVP (VP discount (NP its major beer brands )NP )VP )VP )S )VP )S )SBAR , (S (VP setting (NP the stage )NP (PP for (NP a (ADJP potentially *UNKING )ADJP price war )NP )PP (SBAR as (S (NP (NP the maturing industry 's )NP growth )NP (VP continues (S (VP to (VP slow )VP )VP )S )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP (NP Anheuser )NP , (NP (NP (NP the world 's )NP largest *UNK )NP and (NP U.S. market leader )NP )NP , )NP (VP has (ADVP historically )ADVP (VP been (ADJP reluctant (S (VP to (VP engage (PP in (NP (NP *UNKING )NP (PP as (NP (NP a means )NP (PP of (S (VP boosting (NP sales volume )NP )VP )S )PP )NP )PP )NP )PP )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (PP With (NP (NP the passing )NP (PP of (NP (NP the *UNK days )NP (PP of (NP *UNKING industry sales )NP )PP )NP )PP )NP )PP , (ADVP however )ADVP , (NP (NP the (ADJP *UNK- and brief )ADJP *UNK )NP (PP into (NP discounting )NP )PP )NP (VP are (VP becoming (NP standard competitive weapons )NP (PP in (NP the beer industry )NP )PP )VP )VP . )S  STOP
(S (PP Over (NP the summer )NP )PP , (NP Anheuser competitors )NP (VP offered (NP (NP (ADJP more and deeper )ADJP discounts )NP (SBAR than (S (NP industry observers )NP (VP have (VP seen (PP for (NP a long time )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Some experts )NP (ADVP now )ADVP (VP predict (SBAR (S (NP (NP (NP Anheuser 's )NP entry )NP (PP into (NP the *UNK )NP )PP )NP (VP means (NP (NP near-term earnings trouble )NP (PP for (NP all the industry players )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The St. Louis company )NP (VP said (S (NP (NP major rivals )NP , (NP (NP (NP Philip Morris Co. 's )NP Miller Brewing unit )NP and (NP *UNKC Coors Co. )NP )NP )NP `` (VP have (VP been (VP following (NP (NP a policy )NP (PP of (NP (NP (ADJP *UNK and deep )ADJP discounting )NP )NP )PP )NP (PP for (NP (ADVP at least )ADVP the past 18 months )NP )PP '' (PP on (NP their premium brands )NP )PP , (S (VP pricing (NP their product )NP (PP (ADVP (ADVP as much )ADVP (PP as (NP (NP 25 cents )NP (NP a *UNK- )NP )NP )PP )ADVP below (NP (NP Anheuser 's )NP *UNKC label )NP )PP (PP in (NP many markets )NP )PP )VP )S )VP )VP )VP )S )VP . )S  STOP
(S (NP Anheuser )NP (VP said (SBAR (S (NP it 's discounting policy )NP (ADVP basically )ADVP (VP would (VP involve (S (VP matching (NP (NP such moves )NP (PP by (NP rivals )NP )PP )NP (PP on (NP a *UNK- basis )NP )PP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP announced (NP its plan )NP (PP at (NP (NP the same time )NP (SBAR (S (NP it )NP (VP reported (SBAR (S (NP third-quarter net income )NP (VP rose (NP a *UNKED 5.2 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 83 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP 78 cents )NP )NP )PP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP *UNKC sales )NP (VP were (NP (NP (QP $ *UNKN billion )QP )NP , (ADVP up (PP from (NP (NP last year 's )NP (QP $ *UNKN billion )QP )NP )PP )ADVP )NP )VP . )S  STOP
(S (NP Anheuser )NP (VP said (SBAR (S (NP its new strategy )NP -- (S (VP (VP started (PP in (NP some markets )NP )PP (NP last month )NP )VP and (VP expected (S (VP to (VP be (VP applied (ADVP soon )ADVP (PP in (NP selected markets nationwide )NP )PP )VP )VP )VP )S )VP )VP )S -- (VP will (VP mean (NP (NP *UNKED earnings )NP (PP (PP for (NP (NP the last half )NP (PP of (NP 1989 )NP )PP )NP )PP and (PP for (NP 1990 )NP )PP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNK )NP (VP sent (S (NP Anheuser shares )NP (VP *UNKING (NP $ *UNKN )NP )VP )S (PP in (NP New York Stock Exchange composite trading )NP )PP (NP yesterday )NP )VP . )S  STOP
(S (NP The stock )NP (VP closed (PP at (NP $ *UNKN )NP )PP (PP on (NP (NP heavy volume )NP (PP of (NP (QP about 3.5 million )QP shares )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP (NP Coors )NP , (NP (NP the company 's )NP sole (ADJP publicly traded )ADJP major competitor )NP , )NP )PP )NP (VP fell (NP (NP $ 1.50 )NP (NP apiece )NP )NP (PP to (NP $ *UNKN )NP )PP (PP in (NP national over-the-counter trading )NP )PP , (PP (ADVP apparently )ADVP on (NP (NP investor concerns )NP (PP over (NP (NP potential *UNK )NP (PP from (NP the coming pricing struggle )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Anheuser )NP (VP noted (SBAR that `` (S (NP (NP beer industry sales volume )NP (PP is (NP 1989 )NP )PP )NP (VP is (VP following (NP (NP the trend )NP (SBAR (WHNP that )WHNP (S (VP has (VP *UNKED (NP (NP the last half )NP (PP of (NP the *UNK )NP )PP )NP )VP )VP )S )SBAR )NP , (PP with (S (NP sales volume )NP (VP being (ADJP essentially flat )ADJP '' (SBAR while (S (NP consolidation )NP (VP creates (NP fewer , bigger players )NP )VP )S )SBAR )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP We )NP (VP can not (VP permit (NP (NP a further slowing )NP (PP in (NP our volume trend )NP )PP )NP )VP )VP )S , '' (NP Anheuser )NP (VP said , (S (VP adding (SBAR (S (NP it )NP (VP will (VP take `` (NP appropriate competitive pricing actions )NP (S (VP to (VP support (NP (NP our long-term market share growth strategy )NP '' (PP for (NP the premium brands )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP Anheuser )NP (VP said (SBAR (S (NP it )NP (VP continues (S (VP to (VP hold (PP to (NP (NP its *UNKED goal )NP (PP of (NP (NP a (ADJP 50 % )ADJP U.S. market share )NP (PP by (NP the *UNK- )NP )PP )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(SINV (PP *UNKC (NP the *UNK *UNK- *UNK )NP )PP (VP lies )VP (NP (NP a powerful threat )NP (PP from (NP (NP the brewing giant )NP , (SBAR (WHNP which )WHNP (S (S (NP last year )NP (VP accounted (PP for (NP (NP (QP about 41 )QP % )NP (PP of (NP all U.S. beer sales )NP )PP )NP )PP )VP )S and (S (VP is (VP expected (S (VP to (VP see (S (NP that )NP (VP grow (PP to (NP *UNKN % )NP )PP (PP in (NP the current year )NP )PP )VP )S )VP )VP )S )VP )VP )S )S )SBAR )NP )PP )NP . )SINV  STOP
(SINV `` (S (S (NP Anheuser )NP (VP is (NP (NP the biggest guy )NP (PP in (NP the bar )NP )PP )NP )VP )S , and (S (NP he )NP (ADVP just )ADVP (VP decided (S (VP to (VP join (PP in (NP the *UNK *UNK )NP )PP )VP )VP )S )VP )S )S , '' (VP said )VP (NP (NP Joseph J. *UNKC )NP , (NP (NP an analyst )NP (PP with (NP Smith Barney , Harris Upham & Co )NP )PP )NP )NP . )SINV  STOP
(S `` (NP It )NP (VP 's (VP going (S (VP to (VP get (ADJP *UNK )ADJP )VP )VP )S )VP )VP . '' )S  STOP
(S (NP (NP Jerry *UNKC )NP , (NP (NP publisher )NP (PP of (NP (NP *UNKC *UNKC *UNKC )NP , (NP a trade newsletter )NP , )NP )PP )NP )NP (VP said (SBAR (S (NP (NP Anheuser 's )NP announcement )NP (VP means (SBAR `` (S (NP (NP everybody else )NP (PP in (NP the industry )NP )PP )NP (VP is (VP going (S (VP to (VP have (NP a difficult time )NP (S (VP reaching (NP their profit objectives )NP )VP )S )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (NP Prudential-Bache Securities Inc. analyst George E. Thompson )NP (VP (VP *UNKED (NP (NP the importance )NP (PP of (NP the announcement )NP )PP )NP )VP , and (VP called (S (NP (NP any comparison )NP (PP between (NP (NP the coming *UNK- *UNK )NP and (NP the (ADJP seemingly *UNKING )ADJP `` *UNK wars )NP )NP )PP )NP , '' (ADJP *UNKED )ADJP )S )VP )VP . )S  STOP
(S (NP Mr. Thompson )NP (VP (VP calls (S (NP discounting )NP `` (NP (NP (NP a *UNK 's )NP game )NP (PP for (NP (NP anyone )NP (PP without (NP a dominant market share )NP )PP )NP )PP )NP )S )VP , '' and (VP projected (SBAR that (S (NP (NP (NP Anheuser 's )NP statement )NP (PP of (NP intent )NP )PP )NP (VP could (ADVP simply )ADVP (VP be (NP (NP a means )NP (PP of (S (VP warning (S (NP competitors )NP (VP to (VP (VP ease (PRT up )PRT (PP on (NP *UNKING )NP )PP )VP or (VP face (NP a (ADJP costly and *UNK )ADJP battle )NP )VP )VP )VP )S )VP )S )PP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Mr. Thompson )NP (VP noted (SBAR that (S (NP (NP the disappointing earnings )NP , (SBAR (WHNP which )WHNP (S (VP fell (ADVP (NP (NP five cents )NP (NP a share )NP )NP short (PP of (NP his own projections )NP )PP )ADVP )VP )S )SBAR , )NP (VP contributed (PP to (NP (NP the sell-off )NP (PP by (NP an (ADJP (ADJP *UNK )ADJP and (ADJP currently *UNKING )ADJP )ADJP investing public )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP (NP Smith Barney 's )NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (NP yesterday )NP (VP trimmed (NP his 1990 Anheuser earnings projection )NP (PP to (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP (PP from (NP $ *UNKN )NP )PP )VP )S )SBAR , )NP (VP called (S (NP (NP the market 's )NP reaction )NP `` (ADJP justified )ADJP )S )VP . '' )S  STOP
(S (SBAR While (S (NP the third-quarter earnings )NP (VP were (NP a `` moderate disappointment )NP )VP )S )SBAR (PRN , '' (S (NP he )NP (VP said )VP )S , `` )PRN (NP the real bad news )NP (VP is (NP (NP the *UNK )NP (PP of (NP (NP price competition )NP '' (PP in (NP the *UNK- sector )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP According (PP to (NP (NP Mr. *UNKC )NP , (NP the newsletter publisher )NP , )NP )PP )PP (NP (NP Anheuser 's )NP market share )NP (VP is (NP (NP (QP nearly twice )QP that )NP (PP of (NP (NP its *UNK competitor )NP , (NP Miller Brewing )NP , (SBAR (WHNP which )WHNP (S (VP had (NP a (ADJP *UNKN % )ADJP stake )NP (NP last year )NP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP It )NP (VP 's (VP followed (PP by (NP (NP *UNKC *UNKC Co. )NP , (SBAR (WHNP which )WHNP (S (VP has (VP agreed (S (VP to (VP sell (NP its assets )NP (PP to (NP Coors )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP Both Coors and *UNKC )NP (VP have (ADVP recently )ADVP (VP been (VP *UNKING (NP market share )NP (PP to (NP Miller and Anheuser )NP )PP )VP )VP )VP . )S  STOP
(S (NP Tokyo stocks )NP (VP closed (ADVP easier )ADVP (PP for (NP the second consecutive day )NP )PP , (S (VP *UNKING (PP at (NP the intraday low )NP )PP (PP on (NP (NP *UNKED investment trust fund selling )NP (PP toward (NP (NP the end )NP (PP of (NP the afternoon session )NP )PP )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (NP Stocks )NP (VP (VP rose (PP in (NP London )NP )PP )VP , but (VP fell (ADVP again )ADVP (PP in (NP Frankfurt )NP )PP )VP )VP . )S  STOP
(S (NP (NP Tokyo 's )NP Nikkei index )NP (VP fell (NP *UNKN points )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP Trading )NP (VP was (ADJP active )ADJP )VP . )S  STOP
(S (NP (NP Volume )NP (PP on (NP the first section )NP )PP )NP (VP was (VP estimated (PP at (NP (NP (QP 1 billion )QP shares )NP , (ADVP up (PP from (NP (NP (QP *UNKN million )QP )NP (NP Tuesday )NP )NP )PP )ADVP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The Tokyo stock price index )NP (PP of (NP first section issues )NP )PP )NP (VP was (ADVP down (NP *UNKN )NP )ADVP (X at )X )VP )S  STOP
(S (PP In (NP early trading )NP )PP (PP in (NP Tokyo )NP )PP (NP Thursday )NP , (NP the Nikkei index )NP (VP rose (NP *UNKN points )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (PP On (NP Wednesday )NP )PP , (NP the market )NP (VP opened (ADVP *UNKLY )ADVP (PP with (NP high turnover )NP )PP , (S (VP ignoring (NP (NP the volatility )NP (PP in (NP New York stocks )NP )PP )NP )VP )S )VP . )S  STOP
(S But (NP losers )NP (VP were (VP spread (PP in (NP a broad range )NP )PP (PP by (NP (NP the end )NP (PP of (NP the session )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP A trader )NP (VP said (SBAR that (X (SBAR (X the more )X (S (NP an issue )NP (VP gained (ADVP recently )ADVP )VP )S )SBAR , (X the *UNK )X (NP (NP the loss )NP (VP sustained (NP Wednesday )NP )VP )NP )X )SBAR )VP . )S  STOP
(S (NP (NP A trader )NP (PP at (NP Yamaichi Securities )NP )PP )NP (VP said (SBAR (S (NP (NP the market 's )NP mood )NP (VP was (VP *UNK (PP by (NP (NP the continuing fall )NP (PP of (NP (NP (NP Nippon Telegraph & Telephone )NP shares )NP , (SBAR (WHNP which )WHNP (S (VP declined (PP to (NP (NP their lowest level )NP (PP since (NP (NP the *UNKING )NP (PP of (NP this year )NP )PP )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP lost (NP 30,000 yen )NP (PP to (NP (NP *UNKN yen )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN )NP )PP )VP . )S  STOP
(S (NP Some traders )NP (VP noted (SBAR (S (NP individual investors )NP (VP dumped (NP *UNKC shares )NP (PP amid (NP (NP growing *UNK )NP (PP for (NP (NP (NP a division )NP (PP of (NP the company )NP )PP )NP (SBAR as (S (VP suggested (PP by (NP a recent *UNKED panel )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Dealers )NP (VP said (SBAR (S (NP they )NP (ADVP also )ADVP (VP took (NP profits )NP (S (VP to (VP reduce (NP (NP holdings )NP (PP in (NP their own account )NP )PP )NP )VP )VP )S (PP at (NP (NP the end )NP (PP of (NP the October transaction period )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP Among (NP pharmaceutical shares )NP )PP , (S (NP Chugai )NP (VP lost (NP 60 yen )NP (PP to (NP (NP *UNKN yen )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN )NP )PP )VP )S , and (S (NP *UNKC )NP (VP fell (NP 150 )NP (PP to (NP *UNKN )NP )PP )VP )S . )S  STOP
(S (NP Other losing issues )NP (VP included (NP (NP *UNKC Shell )NP , (SBAR (WHNP which )WHNP (S (VP fell (NP 40 )NP (PP to (NP *UNKN )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Toyota Motor )NP (VP fell (NP 40 )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC House )NP , (SBAR (WHNP which )WHNP (S (VP gained (NP 150 )NP (NP Tuesday )NP )VP )S )SBAR , )NP (VP lost (NP 70 )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (S (NP Daiwa House )NP (ADVP also )ADVP (VP ended (ADVP easier )ADVP )VP )S , but (S (NP *UNKC Home )NP (VP was (ADJP *UNK )ADJP )VP )S . )S  STOP
(S (NP (NP (NP Pioneer Electronic )NP and (NP Sony )NP )NP , (SBAR (WHNP both (WHPP of (WHNP which )WHNP )WHPP )WHNP (S (VP dominated (NP buying )NP (NP earlier this month )NP )VP )S )SBAR , )NP (VP continued (S (VP to (VP fall )VP )VP )S (NP Wednesday )NP )VP . )S  STOP
(S (S (NP Pioneer )NP (VP was (ADVP down (NP 90 )NP )ADVP (PP at (NP *UNKN )NP )PP )VP )S , and (S (NP Sony )NP (VP lost (NP 40 )NP (PP to (NP *UNKN )NP )PP , (ADVP down (NP 10 % )NP (PP from (NP (NP its record )NP (VP set (NP Oct. 11 )NP )VP )NP )PP )ADVP )VP )S . )S  STOP
(S (NP London share prices )NP (VP closed (ADVP modestly higher )ADVP (PP (ADVP largely )ADVP on (NP technical factors )NP )PP , (SBAR although (S (NP the market )NP (VP was (VP *UNKED (PP near (NP (NP the end )NP (PP of (NP the session )NP )PP )NP )PP (PP by (NP (NP Wall Street 's )NP firmer trend )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The Financial Times 100-share index )NP (VP finished (PP at (NP *UNKN )NP )PP , (ADVP up (NP *UNKN points )NP )ADVP )VP . )S  STOP
(S (NP The 30-share index )NP (VP ended (ADVP (NP *UNKN points )NP higher )ADVP (PP at (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP Volume )NP (VP was (ADJP thin )ADJP (PP at (NP (NP (NP (QP *UNKN million )QP shares )NP (VP traded )VP )NP )NP )PP , (ADVP down (PP from (NP (NP (QP *UNKN million )QP )NP (NP Tuesday )NP )NP )PP )ADVP )VP . )S  STOP
(S (NP Dealers )NP (VP said (SBAR (S (NP the market )NP (VP gained (NP some late steam )NP (PP on (NP (NP a *UNK )NP (PP of (NP (NP buying )NP (PP by (NP (NP *UNK- )NP (VP looking (PP at (NP (NP blue-chip issues and stocks )NP (VP viewed (PP as (ADJP *UNK (PP during (NP (NP the market 's )NP recent *UNK )NP )PP )ADJP )PP )VP )NP )PP )VP )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP *UNKC (SBAR (WHNP what )WHNP (S (ADVP essentially )ADVP (VP amounted (PP to (NP a *UNKING exercise )NP )PP )VP )S )SBAR )PP , (NP dealers )NP (VP said (SBAR (S (NP London dealings )NP (VP were (ADVP largely )ADVP (VP *UNKED (PP by (NP (NP the absence )NP (PP of (NP active interest )NP )PP (PP beyond (NP the *UNK- )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The late buying )NP (VP was (VP drawn (PP into (NP the London market )NP )PP (PRN , (S (NP dealers )NP (VP added )VP )S , )PRN (SBAR after (S (NP Wall Street )NP (VP showed (NP (NP signs )NP (PP of (NP stability )NP )PP )NP (PP following (NP its *UNK opening )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP (NP Stocks )NP (SBAR (WHNP that )WHNP (S (VP suffered (PP on (NP the day )NP )PP )VP )S )SBAR )NP (VP were (NP (NP those )NP (PP with (NP active U.S. operations )NP )PP )NP )VP )S , (NP dealers )NP (VP noted )VP . )S  STOP
(SINV (PP Among (NP them )NP )PP (VP were )VP (NP (NP B.A.T Industries )NP , (SBAR (WHNP which )WHNP (S (VP settled (ADVP (NP (NP 6 pence )NP (NP a share )NP )NP lower )ADVP (PP at (NP (NP *UNKN )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN )NP )PP )VP )S )SBAR )NP . )SINV  STOP
(S (NP *UNKC )NP , (PP with (S (NP (QP 15 million )QP shares )NP (VP traded )VP )S )PP , (VP closed (ADVP (NP 2.5 )NP lower )ADVP (PP at (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP Dealers )NP (VP said (SBAR (S (NP the shares )NP (VP were (VP hit (PP by (NP (NP fears )NP (PP of (NP (NP a slowdown )NP (PP in (NP the U.S. economy )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Cable & *UNKC )NP (VP benefited (PP from (NP a market squeeze )NP )PP , (S (VP *UNKING (NP 13 )NP (PP to (NP *UNKN )NP )PP (PP in (NP (ADJP *UNKLY active )ADJP volume )NP )PP )VP )S )VP . )S  STOP
(S (NP Jaguar )NP (VP was (VP boosted (NP 21 )NP (PP to (NP *UNKN )NP )PP (PP on (NP *UNK- buying )NP )PP (PP after (NP (NP (NP Ford Motor 's )NP announcement )NP (NP Tuesday )NP (SBAR that (S (NP it )NP (VP might (VP be (ADJP prepared (S (VP to (VP mount (NP (NP a full bid )NP (PP for (NP the U.K. luxury auto maker )NP )PP )NP )VP )VP )S )ADJP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP It )NP (VP was (ADVP further )ADVP (VP helped (PP by (NP (NP Ford )NP , (SBAR (WHNP which )WHNP (S (VP announced (PP after (NP (NP London 's )NP close )NP )PP (SBAR that (S (NP it )NP (VP had (VP raised (NP its stake )NP (PP to (NP 12 % )NP )PP (PP from (NP (NP (QP just under 11 )QP % )NP (PP on (NP Tuesday )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP Frankfurt prices )NP (VP closed (ADVP sharply lower )ADVP (PP in (NP thin dealings )NP )PP , (S (VP hurt (PP by (NP (NP (NP (NP the *UNK- session )NP (PP on (NP Wall Street )NP )PP )NP (NP Tuesday )NP )NP and (NP (NP worries )NP (PP about (NP (NP wage demands )NP (PP by (NP the largest (ADJP West German )ADJP trade union )NP )PP )NP )PP )NP )NP )PP )VP )S )VP . )S  STOP
(S (NP The German stock index )NP (VP tumbled (NP *UNKN )NP (S (VP to (VP end (X at )X )VP )VP )S )VP )S  STOP
(SINV `` (S (NP It )NP (VP was (ADJP dead , *UNK , *UNKING and negative )ADJP )VP )S , '' (VP said )VP (NP (NP one trader )NP (PP at (NP (NP a U.S. bank )NP (PP in (NP Frankfurt )NP )PP )NP )PP )NP . )SINV  STOP
(S `` (NP There )NP (VP was (NP (NP little turnover )NP and (NP (NP nothing )NP (SBAR (S (VP to (VP *UNK (NP the market )NP )VP )VP )S )SBAR )NP )NP )VP . '' )S  STOP
(S (S (NP *UNKC )NP (VP tumbled (PP at (NP the opening )NP )PP (SBAR as (S (NP (NP (NP Tuesday 's )NP gyrations )NP (PP on (NP (NP Wall Street )NP , (SBAR (WHADVP where )WHADVP (S (NP the Dow Jones Industrial Average )NP (VP recovered (NP (NP most )NP (PP of (NP an *UNK- loss )NP )PP )NP )VP )S )SBAR , )NP )PP )NP (VP fueled (NP (NP fears )NP (PP of (NP another stock market crash )NP )PP )NP )VP )S )SBAR )VP )S , (NP brokers )NP (VP said )VP . )S  STOP
(S (S (NP (NP *UNKC talk )NP (PP from (NP (NP trade union officials )NP (PP at (NP (NP the conference )NP (PP of (NP the powerful *UNK *UNKC metals worker union )NP )PP (PP in (NP West Berlin )NP )PP )NP )PP )NP )PP )NP (VP raised (NP (NP the *UNK )NP (PP of (NP (NP nationwide strikes )NP (NP next spring )NP )NP )PP )NP )VP )S , (NP they )NP (VP said )VP . )S  STOP
(S (PP For (NP the 1990 wage negotiations )NP )PP , (NP the *UNK *UNKC )NP (VP is (VP demanding (NP (NP (NP (NP a further cut )NP (PP in (NP the German *UNK )NP )PP )NP and (NP steep wage increases )NP )NP , (SBAR (WHNP which )WHNP (S (VP could (ADVP sharply )ADVP (VP increase (NP (NP the costs )NP (PP for (NP German industry )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S `` (S (S (NP (NP All the positive figures )NP (PP on (NP the economy )NP )PP )NP (VP are (ADVP out )ADVP (ADVP already )ADVP )VP )S , and (S (NP people )NP (VP are (VP focusing (ADVP more )ADVP (PP on (NP (NP (NP the *UNK )NP (PP for (NP next year )NP )PP )NP , (ADVP mostly )ADVP (NP (NP the wage talks )NP and (NP the -LCB- parliamentary -RCB- elections )NP )NP )NP )PP )VP )VP )S )S , '' (NP the U.S. trader )NP (VP said )VP . )S  STOP
(S (S (NP The market )NP (ADVP also )ADVP (VP *UNKED (PRT off )PRT (NP (NP positive factors )NP , (PP such as (NP (NP higher bond prices )NP and (NP (NP a slowdown )NP (PP in (NP monetary growth )NP )PP (PP in (NP September )NP )PP )NP )NP )PP )NP )VP )S , (NP traders )NP (VP said )VP . )S  STOP
(S (NP They )NP (VP said (SBAR (S (NP they )NP (VP expect (S (NP the bearish mood )NP (VP to (VP *UNK (ADVP (NP a while )NP longer )ADVP )VP )VP )S , (SBAR as (S (S (NP trading volume )NP (VP is (VP falling (PP toward (NP (NP the end )NP (PP of (NP the year )NP )PP )NP )PP )VP )VP )S and (S (NP the market )NP (VP is (VP becoming (ADJP more volatile )ADJP )VP )VP )S )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP the auto sector )NP )PP , (S (NP *UNKC *UNKC *UNKC )NP (VP plunged (NP *UNKN marks )NP (PP to (NP (NP *UNKN marks )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN )NP )PP )VP )S , (S (NP Daimler-Benz )NP (VP dropped (NP *UNKN )NP (PP to (NP 700 )NP )PP )VP )S , and (S (NP *UNKC )NP (VP *UNKED (NP 9 )NP (PP to (NP *UNKN )NP )PP )VP )S . )S  STOP
(S (S (NP Continental )NP (VP gave (PRT up )PRT (NP (NP some )NP (PP of (NP its recent gains )NP )PP )NP , (S (VP dropping (NP 8 )NP (PP to (NP *UNKN )NP )PP )VP )S , (SBAR as (S (NP (NP rumors )NP (PP of (NP (NP an impending takeover attempt )NP (PP for (NP the *UNK )NP )PP )NP )PP )NP (VP *UNKED )VP )S )SBAR )VP )S , (NP brokers )NP (VP said )VP . )S  STOP
(S (NP Deutsche Bank )NP (VP plummeted (NP 12 )NP (PP to (NP *UNKN )NP )PP , (S (VP hurt (PP by (NP the general mood )NP )PP )VP )S )VP . )S  STOP
(S (NP Other banks )NP (VP were (ADJP (ADVP slightly more )ADVP *UNK )ADJP , (PP with (S (S (NP Dresdner Bank )NP (VP *UNKING (NP 4.8 )NP (PP to (NP *UNKN )NP )PP )VP )S , and (S (NP *UNKC )NP (VP slipping (NP 2.5 )NP (X to )X )VP )S )S )PP )VP )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP Wall Street 's )NP volatility )NP (VP *UNKED (NP (NP investors )NP (PP in (NP other markets )NP )PP )NP )VP . )S  STOP
(S (NP Share prices )NP (VP (VP closed (ADVP lower )ADVP (PP in (NP (NP Paris )NP , (NP Zurich )NP , (NP Brussels )NP , (NP Milan )NP and (NP Stockholm )NP )NP )PP )VP , and (VP (S (ADJP mixed )ADJP )S (PP in (NP Amsterdam )NP )PP )VP )VP . )S  STOP
(S (PP Among (NP Pacific markets )NP )PP , (NP prices )NP (VP closed (ADVP lower )ADVP (PP in (NP (NP Sydney )NP , (NP Seoul )NP , (NP Hong Kong )NP , (NP Manila )NP , (NP Singapore )NP and (NP Wellington )NP )NP )PP )VP . )S  STOP
(S (NP (NP Trading )NP (PP in (NP Taipei )NP )PP )NP (VP was (VP suspended (PP for (NP a national holiday )NP )PP )VP )VP . )S  STOP
(S (NP Here )NP (VP are (NP (NP price trends )NP (PP on (NP (NP the world 's )NP major stock markets )NP )PP , (SBAR as (S (VP calculated (PP by (NP (NP Morgan Stanley Capital International Perspective )NP , (NP Geneva )NP )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (VP To (VP make (S (NP them )NP (ADJP directly comparable )ADJP )S )VP )VP )S , (NP each index )NP (VP is (VP based (PP on (S (NP (NP the close )NP (PP of (NP 1969 )NP )PP )NP (VP equaling (NP 100 )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP The percentage change )NP (VP is (PP since (NP year-end )NP )PP )VP . )S  STOP
(S (NP (NP French chemicals group )NP , (NP Orkem S.A. )NP , )NP (VP said (NP Wednesday )NP (SBAR (S (NP it )NP (VP has (VP made (NP (NP a bid )NP (PP for (NP (NP control )NP (PP of (NP (NP *UNKC Brothers PLC )NP , (NP (NP a British manufacturer )NP (PP of (NP (NP *UNK )NP and (NP *UNK *UNK )NP )NP )PP )NP )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKED Orkem )NP (ADVP already )ADVP (VP owns (NP (NP *UNKN % )NP (PP of (NP *UNKC )NP )PP )NP )VP . )S  STOP
(S (S (NP The remainder )NP (VP is (VP held (PP (PP by (NP the public )NP )PP and (PP by (NP family interests )NP )PP )PP )VP )VP )S , (NP (NP a spokeswoman )NP (PP for (NP the French group )NP )PP )NP (VP said )VP . )S  STOP
(S (NP Orkem )NP (VP declined (S (VP to (VP give (NP (NP details )NP (PP of (NP its offer )NP )PP )NP )VP )VP )S , (S (VP saying (ADVP only )ADVP (SBAR that (S (NP the bid )NP (VP will (VP be (VP submitted (PP for (NP approval )NP )PP (PP by (NP (NP the board )NP (PP of (NP the British company )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP The *UNKED House )NP , (PP by (NP (NP a margin )NP (PP of (NP 51 votes )NP )PP )NP )PP , (VP failed (S (VP to (VP override (NP (NP (NP President Bush 's )NP veto )NP (PP of (NP (NP legislation )NP (VP renewing (NP (NP federal support )NP (PP of (NP (NP Medicaid abortions )NP (PP for (NP (NP poor women )NP (SBAR (WHNP who )WHNP (S (VP are (NP (NP victims )NP (PP of (NP rape and incest )NP )PP )NP )VP )S )SBAR )NP )PP )NP )PP )NP )VP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP The *UNKN roll call )NP (VP illustrates (NP (NP the limits )NP (PP of (NP power )NP )PP (SBAR (S (NP a *UNK abortion-rights movement )NP (ADVP still )ADVP (VP faces )VP )S )SBAR )NP )VP . )S  STOP
(S (NP It )NP (VP (VP continues (S (VP to (VP gain (NP strength )NP (PP in (NP the chamber )NP )PP )VP )VP )S )VP but (VP remains (ADVP far short (PP of (NP (NP the two-thirds majority )NP (VP required (S (VP to (VP *UNK (PP over (NP Mr. Bush )NP )PP )VP )VP )S )VP )NP )PP )ADVP )VP )VP . )S  STOP
(S (S (NP Democrats )NP (VP voted (S (VP to (VP override )VP )VP )S (PP by (NP a *UNKN margin )NP )PP )VP )S , but (S (NP Republicans )NP (VP were (ADJP equally firm (PP in (NP (NP support )NP (PP of (NP (NP the president )NP , (SBAR (WHNP who )WHNP (S (VP has (VP threatened (S (VP to (VP make (S (NP abortion )NP (NP (NP a *UNK issue )NP (PP on (NP (QP at least three )QP separate fiscal 1990 spending bills )NP )PP )NP )S )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP )PP )ADJP )VP )S . )S  STOP
(S (NP (NP Yesterday 's )NP vote )NP (VP *UNK (PP with (NP (NP (NP the largest )NP (PP of (NP these bills )NP )PP )NP , (NP (NP an (ADJP (QP estimated $ *UNKN billion )QP )ADJP measure )NP (VP funding (NP (NP the departments )NP (PP of (NP (NP Labor )NP , (NP Education )NP , and (NP (NP Health )NP and (NP Human Services )NP )NP )NP )PP )NP )VP )NP )NP )PP )VP . )S  STOP
(S (S (VP To (VP gain (NP more leverage )NP )VP )VP )S , (NP abortion-rights advocates )NP (VP may (VP seek (S (VP to (VP *UNK (NP the bill )NP (PP into (NP an *UNK continuing resolution )NP )PP )VP )VP )S (NP next month )NP )VP )VP . )S  STOP
(S But (NP (NP the *UNK numbers )NP (NP (NP yesterday )NP -- (SBAR (WHADVP when )WHADVP (S (NP *UNKN votes )NP (VP were (VP needed )VP )VP )S )SBAR -- )NP )NP (VP indicate (SBAR (S (NP the president )NP (VP is (PP in (NP a *UNKING position )NP )PP (PP for (NP (ADVP at least )ADVP this year )NP )PP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (SBAR Unless (S (NP he )NP (VP changes )VP )S )SBAR , (NP they )NP (VP lose )VP )S , '' (VP said )VP (NP a Democratic leadership aide )NP . )SINV  STOP
(S (NP The action )NP (VP came (SBAR as (S (NP Congress )NP (VP sent (PP to (NP the president )NP )PP (NP last night )NP (NP (NP a *UNK spending bill )NP (SBAR (S (VP to (VP (VP keep (S (NP the government )NP (VP operating (PP through (NP Nov. 15 )NP )PP )VP )S )VP and (VP provide (NP (NP (QP $ 2.85 billion )QP )NP (PP in (NP emergency funds )NP )PP (SBAR (S (VP to (VP assist (PP in (NP (NP the recovery )NP (PP from (NP (NP Hurricane Hugo )NP and (NP the California earthquake )NP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (S (PP By (NP a *UNKED *UNKN margin )NP )PP , (NP the Senate )NP (VP approved (NP the measure )NP (PP after (S (VP *UNKING (NP (NP further provisions )NP (VP sought (PP by (NP the influential California delegation )NP )PP )VP )NP )VP )S )PP )VP )S and , (S (PP despite (NP *UNK )NP )PP , (NP the House )NP (VP adopted (NP the bill )NP (PP on (NP a *UNKN roll call )NP )PP )VP )S . )S  STOP
(S (NP The package )NP (VP is (PP (NP (QP more than $ 1 billion )QP )NP above (NP (NP the recommendations )NP (PP of (NP Budget Director Richard Darman )NP )PP (NP this week )NP )NP )PP )VP . )S  STOP
(S But (PP given (NP (NP the political importance )NP (PP of (NP California )NP )PP )NP )PP , (NP the administration )NP (VP was (ADJP content (S (VP to (VP use (NP its influence )NP (S (VP to (VP prevent (NP (NP any Senate amendments )NP (VP adding (NP further new appropriations )NP )VP )NP )VP )VP )S )VP )VP )S )ADJP )VP . )S  STOP
(S (S (NP The (ADJP (QP $ 2.85 billion )QP )ADJP measure )NP (VP comes (PP on (NP (NP top )NP (PP of (NP (NP (QP $ 1.1 billion )QP )NP (VP *UNKED (SBAR after (S (NP Hugo )NP (VP struck (NP the *UNKC and Caribbean )NP (NP last month )NP )VP )S )SBAR )VP )NP )PP )NP )PP )VP )S , and (S (NP these *UNK )NP (VP do n't (VP reflect (NP (NP the additional benefit )NP (PP of (NP *UNK- disaster loans )NP )PP )NP )VP )VP )S . )S  STOP
(S (NP (NP The bill )NP (NP last night )NP )NP (VP (VP includes (NP (NP (QP $ 500 million )QP )NP (SBAR (S (VP to (VP help (S (VP finance (NP this credit )NP )VP )S )VP )VP )S )SBAR )NP )VP and (VP (ADVP further )ADVP raises (NP (NP the obligation ceiling )NP (PP for (NP the Small Business Administration )NP )PP )NP (ADVP *UNK )ADVP (PP to (NP (QP $ 1.8 billion )QP )NP )PP (S (VP to (VP accommodate (NP the expected loan activity )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP In (NP direct cash assistance )NP )PP , (S (NP (NP (QP $ 1 billion )QP )NP )NP (VP is (VP provided (PP in (NP federal highway construction funds )NP )PP )VP )VP )S , and (S (NP (QP $ *UNKN billion )QP )NP (VP is (VP divided (PP between (NP (NP general emergency aid )NP and (NP (NP a reserve )NP (SBAR (S (VP to (VP be (ADJP available (PP to (NP the president )NP )PP (S (VP to (VP meet (NP (NP *UNKED costs )NP (PP from (NP the two disasters )NP )PP )NP )VP )VP )S )ADJP )VP )VP )S )SBAR )NP )NP )PP )VP )VP )S . )S  STOP
(S (PP In (NP the Senate )NP )PP , (NP Majority *UNKC Alan Cranston )NP (VP used (NP his position )NP (S (VP to (VP win (NP (CONJP not only )CONJP (NP the expanded credit )NP (CONJP but also )CONJP (NP (ADJP more generous )ADJP treatment (SBAR than (S (NP the House )NP (VP had (VP permitted (PP in (NP (NP the distribution )NP (PP of (NP highway funds )NP )PP (PP in (NP the next six months )NP )PP )NP )PP )VP )VP )S )SBAR )NP )NP )VP )VP )S )VP . )S  STOP
(S (S (NP The emergency assistance )NP (VP would n't (VP be (VP counted (PP against (NP (NP (NP a state 's )NP normal allocation )NP (PP of (NP annual highway funds )NP )PP )NP )PP )VP )VP )VP )S , and (S (NP the bill )NP (VP *UNK (NP (NP existing restrictions )NP (SBAR (WHNP that )WHNP (S (ADVP otherwise )ADVP (VP would (VP prevent (NP (NP the use )NP (PP of (NP federal aid )NP )PP (S (VP to (VP repair (NP (NP a toll road )NP , (PP such as (NP (NP the (ADJP San *UNKC )ADJP Bay Bridge )NP (VP damaged (PP in (NP (NP last week 's )NP earthquake )NP )PP )VP )NP )PP )NP )VP )VP )S )NP )VP )VP )S )SBAR )NP )VP )S . )S  STOP
(S (S (NP The underlying *UNK bill )NP (VP is (NP (NP the second )NP (VP required (PP by (NP Congress )NP )PP (NP this fall )NP )VP )NP )VP )S and , (S (SBAR since (S (NP the current fiscal year )NP (VP began (NP Oct. 1 )NP )VP )S )SBAR , (NP only the Energy and *UNKC departments )NP (VP are (VP operating (PP on (NP (NP permanent appropriations )NP (VP enacted (PP into (NP law )NP )PP )VP )NP )PP )VP )VP )S . )S  STOP
(S (S (NP (NP The *UNK )NP (PP over (NP abortion )NP )PP )NP (VP is (ADJP certain (S (VP to (VP contribute (PP to (NP further delays )NP )PP )VP )VP )S )ADJP )VP )S and , (S (ADVP apart (PP from (NP (NP the health and education measure )NP (VP *UNKED (PP by (NP Mr. Bush )NP )PP )VP )NP )PP )ADVP , (NP (NP bills )NP (VP funding (NP (NP (NP the District )NP (PP of (NP Columbia )NP )PP )NP and (NP the entire U.S. *UNK- budget )NP )NP )VP )NP (VP are (PP in (NP *UNK )NP )PP (PP because of (NP related abortion or *UNKING issues )NP )PP )VP )S . )S  STOP
(S (S (NP (NP The vote )NP (NP yesterday )NP )NP (VP was (NP (NP the (ADJP most *UNK )ADJP )NP (PP in (NP many years )NP )PP )NP )VP )S , and (S (SBAR though (S (NP the Democratic leadership )NP (VP is (ADJP *UNK (PP about (SBAR (WHADVP how )WHADVP (S (VP to (VP address (NP the abortion issue )NP )VP )VP )S )SBAR )PP )ADJP )VP )S )SBAR , (NP the debate )NP (VP is (ADVP increasingly )ADVP (VP measured (PP in (NP party terms )NP )PP )VP )VP )S . )S  STOP
(S (NP (NP The *UNKN Democrats )NP (SBAR (WHNP who )WHNP (S (VP supported (NP the override )NP (NP yesterday )NP )VP )S )SBAR )NP (VP compare (PP with (NP (NP (NP 175 )NP (SBAR (WHNP who )WHNP (S (ADVP initially )ADVP (VP backed (NP the *UNK- *UNK )NP (ADVP (NP two weeks )NP ago )ADVP )VP )S )SBAR )NP and (NP (NP *UNKN )NP (NP last year )NP (PP on (NP a similar vote )NP )PP )NP )NP )PP )VP . )S  STOP
(S (PP By (NP comparison )NP )PP , (NP Republicans )NP (VP have (VP held (ADVP closer (PP to (NP the *UNK- movement )NP )PP )ADVP )VP )VP . )S  STOP
(S (NP (NP Only 42 GOP members )NP )NP (VP opposed (NP (NP the president 's )NP veto )NP , (NP (NP (NP a marginal increase )NP (PP over (NP (NP the vote )NP (ADVP (NP two weeks )NP ago )ADVP )NP )PP )NP and (NP (NP (QP just 12 )QP more )NP (PP than (NP (NP the 30 )NP (SBAR (WHNP who )WHNP (S (VP supported (NP the *UNK- *UNK )NP (NP last year )NP )VP )S )SBAR )NP )PP )NP )NP )VP . )S  STOP
(S (S (PP At (NP a recent White House meeting )NP )PP , (NP (NP Rep. *UNKC *UNKC )NP (PRN -LRB- (NP (NP R. )NP , (NP Mass. )NP )NP -RRB- )PRN , (NP (NP the ranking minority member )NP (PP of (NP the House Appropriations Committee )NP )PP )NP , )NP (VP argued (PP with (NP (NP his friend )NP (NP Mr. Bush )NP )NP )PP (PP against (NP a veto )NP )PP )VP )S , and (S (SBAR though (S (NP (NP Mr. *UNKC )NP and (NP (NP *UNKC Leader Robert *UNKC )NP (PP of (NP Illinois )NP )PP )NP )NP (VP stood (PP with (NP the president )NP )PP (NP yesterday )NP )VP )S )SBAR , (NP they )NP (VP are (ADJP *UNKLY *UNK (PP with (NP his position )NP )PP )ADJP )VP )S . )S  STOP
(SINV `` (S (S (NP This )NP (VP is n't (NP a political issue )NP )VP )S , (S (NP this )NP (VP is (NP a moral issue )NP )VP )S )S , '' (VP said )VP (NP (NP Rep. Henry *UNKC )NP (PRN -LRB- (NP (NP R. )NP , (NP Ill. )NP )NP -RRB- )PRN , (NP (NP the (ADJP most *UNK )ADJP spokesman )NP (PP for (NP the *UNK- movement )NP )PP )NP )NP . )SINV  STOP
(S But (PP after (NP (NP years )NP (PP of (S (VP using (NP the issue )NP (PP for (NP its benefit )NP )PP )VP )S )PP )NP )PP , (NP the GOP )NP (VP finds (S (NP its candidates )NP (PP on (NP the defensive )NP )PP )S )VP . )S  STOP
(S (NP New Jersey *UNK candidate Rep. James Florio )NP (ADVP *UNKLY )ADVP (VP returned (PP from (NP *UNKING )NP )PP (S (VP to (VP vote (PP against (NP the president )NP )PP )VP )VP )S (NP yesterday )NP (PP in (NP (NP contrast )NP (PP with (NP (NP his *UNK )NP , (NP GOP Rep. James Courter )NP , (SBAR (WHNP who )WHNP (S (VP (VP has (ADVP *UNKLY )ADVP (VP supported (NP abortion restrictions )NP (PP in (NP the past )NP )PP )VP )VP but (VP was (ADJP *UNK )ADJP )VP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP (NP an extraordinary mix )NP (PP of (NP (NP *UNK )NP and (NP *UNK- powers )NP )NP )PP )NP )PP , (NP (NP Rep. Robert *UNKC )NP (PRN -LRB- (NP (NP R. )NP , (NP Calif . )NP )NP -RRB- )PRN )NP (VP *UNKED (NP (NP his fellow Roman *UNKC )NP -- (PP including (NP Mr. Florio )NP )PP -- )NP (PP for (S (VP having (NP (NP the `` *UNK '' )NP (SBAR (S (VP to (VP disagree (PP with (NP (NP the *UNK )NP (PP of (NP their church )NP )PP )NP )PP (PP on (NP abortion )NP )PP )VP )VP )S )SBAR )NP )VP )S )PP )VP . )S  STOP
(S (NP Rep. *UNKC *UNKC )NP (VP was (ADJP as *UNK )ADJP (PP on (NP (NP behalf )NP (PP of (NP the abortion-rights movement )NP )PP )NP )PP )VP . )S  STOP
(SINV `` (S (NP This )NP (VP may not (VP make (S (NP George Bush )NP (NP a *UNK- president )NP )S )VP )VP )S , '' (VP said )VP (NP the Oregon liberal )NP , (S (VP *UNKING (NP (NP the Republican side )NP (PP of (NP the House )NP )PP )NP )VP )S . )SINV  STOP
(S `` But (SBAR if (S (NP you )NP (VP support (NP him )NP (PP over (NP rape victims )NP )PP )VP )S )SBAR , (NP this )NP (VP may (VP be (NP your last term )NP )VP )VP . '' )S  STOP
(S (ADVP Separately )ADVP , (NP the House )NP (NP last night )NP (VP approved (NP (NP a (ADJP (QP nearly $ 67 billion )QP )ADJP compromise spending bill )NP (VP (VP providing (NP (NP the first construction funds )NP (PP for (NP (NP the administration 's )NP ambitious space station )NP )PP )NP (PP in (NP fiscal 1990 )NP )PP )VP and (VP *UNKING (NP (NP far-reaching provisions )NP (VP affecting (NP the federal mortgage market )NP )VP )NP )VP )VP )NP )VP . )S  STOP
(S (S (NP (NP The current ceiling )NP (PP on (NP (NP home loans )NP (VP insured (PP by (NP the Federal Housing Administration )NP )PP )VP )NP )PP )NP (VP would (VP be (VP increased (PP to (NP $ *UNKN )NP )PP )VP )VP )VP )S , and (S (NP the bill )NP (VP gives (NP (NP the Department )NP (PP of (NP Housing and Urban Development )NP )PP )NP (NP new authority (S (VP to (VP *UNK (NP (NP the refinancing )NP (PP of (NP (NP subsidized loans )NP (PP for (NP low-income homeowners )NP )PP )NP )PP )NP )VP )VP )S )NP )VP )S . )S  STOP
(S (PP By (NP a *UNKN margin )NP )PP , (NP the Appropriations Committee leadership )NP (VP beat (PRT back )PRT (NP (NP an early challenge )NP (PP by (NP (NP House Banking Chairman Henry Gonzalez )NP (PRN -LRB- (NP (NP D. )NP , (NP Texas )NP )NP -RRB- )PRN )NP )PP (PP to (NP the FHA provision )NP )PP )NP )VP . )S  STOP
(S And (PP on (NP a closer *UNKN roll call )NP )PP , (NP lawmakers )NP (VP *UNK (NP (NP controversial agreements )NP (VP made (PP by (NP a House-Senate conference )NP )PP )VP (VP *UNKING (NP community development funds )NP (PP for (NP (NP (QP more than 40 )QP projects )NP (VP backed (PP by (NP (ADJP often influential )ADJP members )NP )PP )VP )NP )PP )VP )NP )VP . )S  STOP
(S (S (NP *UNKC *UNKC )NP (VP acquired (NP (NP a (ADJP 25 % )ADJP stake )NP (PP in (NP *UNKC *UNKC S.A. )NP )PP )NP )VP )S , (NP the leading Spanish magazine and newspaper publisher )NP (VP said )VP . )S  STOP
(S (NP The transaction )NP (VP called (SBAR for (S (NP (NP (NP Mr. *UNKC 's )NP News International PLC )NP , (NP (NP a unit )NP (PP of (NP *UNKED News Corp. )NP )PP )NP , )NP (VP to (VP *UNK (PP to (NP (NP a rights issue )NP (PP by (NP *UNKC )NP )PP (VP valued (PP at (NP (NP (QP *UNKN billion )QP *UNK )NP (PRN -LRB- (NP (QP $ 57 million )QP )NP -RRB- )PRN )NP )PP )VP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(SINV (VP (ADVP Also )ADVP participating (PP in (NP the issue )NP )PP )VP (VP was )VP (NP *UNKC Spain *UNKC *UNKC )NP . )SINV  STOP
(S (NP (NP The film producer )NP , (VP owned (PP by (NP *UNKED financier *UNKC *UNKC )NP )PP )VP , )NP (VP received (NP (NP a (ADJP 5 % )ADJP stake )NP (PP in (NP the *UNKED publishing group )NP )PP )NP )VP . )S  STOP
(S (S (NP The cash injection )NP (VP boosted (NP (NP *UNKC 's )NP capital )NP (ADVP (ADVP more )ADVP (PP than (ADVP *UNK- )ADVP )PP )ADVP , (PP to (NP (QP *UNKN billion )QP *UNK )NP )PP (PP from (NP (QP *UNKN billion )QP *UNK )NP )PP , (S (VP (ADVP greatly )ADVP *UNKING (NP (NP the group 's )NP ability (S (VP to (VP make (NP investments )NP )VP )VP )S )NP )VP )S )VP )S , (NP *UNKC officials )NP (VP said )VP . )S  STOP
(S (PP Following (NP (NP its failure )NP (NP last month )NP (S (VP to (VP win (NP a license )NP (PP for (NP (NP one )NP (PP of (NP (NP Spain 's )NP (ADJP first three )ADJP private television stations )NP )PP )NP )PP )VP )VP )S )NP )PP , (NP *UNKC )NP (VP is (VP seeking (NP investment opportunities )NP (PP in (NP communications and publishing )NP )PP )VP )VP . )S  STOP
(S (PP With (NP (NP annual sales )NP (PP of (NP (QP about 30 billion )QP *UNK )NP )PP )NP )PP , (NP *UNKC )NP (VP publishes (NP (NP (NP (QP over a dozen )QP magazines )NP , (PP including (NP (NP the popular *UNKC , *UNKC and *UNKC )NP )NP )PP )NP , and (NP three regional *UNK )NP )NP )VP . )S  STOP
(S (NP Chairman Antonio *UNKC )NP (VP will (VP retain (NP (NP a (ADJP 70 % )ADJP share )NP (PP in (NP Zeta )NP )PP )NP )VP )VP . )S  STOP
(S (NP The New York Stock Exchange )NP (VP is (VP expected (S (VP to (VP launch (NP its own program trading vehicle )NP (NP today )NP )VP )VP )S , (SBAR just as (S (NP (NP controversy )NP (PP over (NP this trading strategy )NP )PP )NP (VP *UNK (PRT up )PRT )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The Big Board )NP (NP this morning )NP (VP plans (S (VP to (VP begin (S (VP trading (NP (NP its Exchange Stock Portfolio `` basket '' product )NP , (NP (NP the first program-trading vehicle )NP (VP carrying (NP (NP (NP the exchange 's )NP *UNK )NP (PP of (NP approval )NP )PP )NP )VP )NP )NP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (VP will (VP allow (S (NP institutional investors )NP (VP to (VP buy or sell (NP (NP all 500 stocks )NP (PP in (NP (NP Standard & Poor 's )NP index )NP )PP )NP (PP in (NP (NP a single trade )NP (PP of (NP (NP a minimum )NP (PP of (NP (QP $ 5 million )QP )NP )PP )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP `` *UNKED '' baskets )NP (PP of (NP fewer stocks )NP )PP )NP (VP will (ADVP also )ADVP (VP be (ADJP available )ADJP )VP )VP . )S  STOP
(S (NP The Securities and Exchange Commission )NP (VP gave (NP provisional six-month approval )NP (PP to (NP the Big Board basket )NP )PP (PP at (NP a meeting )NP )PP (NP late yesterday )NP )VP . )S  STOP
(S (NP The SEC )NP (PP at (NP the same time )NP )PP (VP approved (NP (NP a (ADJP similar but smaller )ADJP basket product )NP (PP on (NP (NP the Chicago Board Options Exchange )NP , (SBAR (WHADVP where )WHADVP (S (NP the minimum )NP (VP will (VP be (NP (QP $ 1.7 million )QP )NP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(SINV (VP (ADVP Also )ADVP approved )VP (VP was )VP (NP a plan (S (VP to (VP trade (NP stock portfolios )NP (PP by (NP computer )NP )PP (PP after (NP regular hours )NP )PP (PP on (NP the Midwest Stock Exchange )NP )PP )VP )VP )S )NP . )SINV  STOP
(SINV (S (NP The basket products )NP (VP are (NP (NP `` an *UNK step '' )NP (PP in (S (VP *UNKING (NP (NP problems )NP (PP in (S (VP trading (NP (NP big blocks )NP (PP of (NP stock )NP )PP )NP )VP )S )PP (SBAR (WHNP that )WHNP (S (VP came (PP to (NP light )NP )PP (PP in (NP the 1987 market crash )NP )PP )VP )S )SBAR )NP )VP )S )PP )NP )VP )S , (VP said )VP (NP SEC *UNKC Joseph *UNKC )NP . )SINV  STOP
(S (NP New SEC Chairman Richard Breeden )NP , (S (VP *UNKING (NP his first public meeting )NP )VP )S , (VP said (SBAR (S (NP there )NP (VP have (VP been (NP concerns (SBAR that (S (NP (NP the Big Board 's )NP basket )NP (VP could (VP attract (NP (NP investors )NP (PP with (NP a `` short-term perspective '' )NP )PP (SBAR (WHNP who )WHNP (S (VP would (ADVP rapidly )ADVP (VP turn (PRT over )PRT (NP the product )NP , (ADVP thus )ADVP (S (VP increasing (NP volatility )NP )VP )S )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP Richard *UNKC )NP , (NP (NP the SEC 's )NP market regulation chief )NP , )NP (VP said (SBAR (S (NP he )NP (VP did n't (VP believe (SBAR `` (S (NP this )NP (VP will (VP *UNK (NP (NP dramatic new program-trading strategies )NP (SBAR (WHNP that )WHNP (S (VP will (VP be (ADJP *UNKING )ADJP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP (NP The baskets )NP (PP on (NP the Big Board and CBOE )NP )PP )NP -- (SBAR (WHNP which )WHNP (S (VP involve (NP (NP (NP the actual S&P stocks )NP (PRN , (PP unlike (NP (NP the stock-index contracts )NP (VP (ADVP currently )ADVP traded (PP on (NP the Chicago futures markets )NP )PP )VP )NP )PP , )PRN )NP and (NP (NP index options )NP (PP on (NP the CBOE )NP )PP )NP )NP )VP )S )SBAR -- )NP (VP will (VP begin (NP trading )NP (SBAR as (S (NP critics )NP (VP step (PRT up )PRT (NP (NP their attacks )NP (PP on (NP (NP program trading )NP and (NP (NP its contributions )NP (PP to (NP (NP the stock market 's )NP wild price swings )NP )PP )NP )NP )PP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The Big Board )NP (VP argues (SBAR that (S (NP its new product )NP (VP will (VP (VP help )VP (CONJP rather than )CONJP (VP hurt )VP (NP the situation )NP (PP by (S (ADVP possibly )ADVP (VP drawing (NP business )NP (PP from (NP (NP *UNK- forms )NP (PP of (NP program trading )NP )PP )NP )PP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP are (ADVP also )ADVP (NP (NP an attempt )NP (PP by (NP the Big Board )NP )PP (S (VP to (VP head (PRT off )PRT (NP (NP the *UNK )NP (PP of (NP program trading business )NP )PP (PP to (NP (NP overseas markets )NP (PP such as (NP London )NP )PP )NP )PP )NP )VP )VP )S )NP )VP . )S  STOP
(S (NP Big Board officials )NP (ADVP also )ADVP (VP hope (SBAR (S (NP Japanese investors )NP (VP will (VP become (ADJP interested (PP in (NP (NP the exchange 's )NP product )NP )PP )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Already )ADVP , (NP (NP many )NP (PP of (NP (NP the Big Board 's )NP own floor traders )NP )PP )NP (VP are (VP warning (SBAR that (S (NP the *UNKC baskets )NP (VP are (UCP (ADJP risky )ADJP and (PP not in (NP (NP the best interests )NP (PP of (NP the investing public )NP )PP )NP )PP )UCP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP The *UNK- *UNKC )NP (PP of (NP *UNKC *UNKC )NP )PP )NP (VP said (SBAR (S (NP the new product )NP , (PP with (NP the (ADJP (QP $ 5 million )QP )ADJP minimum )NP )PP , (VP (VP will (VP benefit (ADVP only )ADVP (NP big institutional investors )NP )VP )VP and (VP could (VP lead (PP to `` (NP (NP wild *UNK )NP (PP of (NP volatility )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP *UNKC )NP (SBAR (WHNP who )WHNP (S (VP *UNK (PP to (NP individual investors )NP )PP )VP )S )SBAR )NP (VP said (SBAR (S (NP (NP the Big Board 's )NP new product )NP (VP *UNK (SBAR (S (NP the exchange )NP (VP does n't (VP want (S (VP to (VP *UNK (NP (NP program trading )NP , (SBAR (WHNP which )WHNP (S (NP last month )NP (VP accounted (PP for (NP (NP a record 13.8 % )NP (PP of (NP (NP the exchange 's )NP average daily volume )NP )PP )NP )PP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP The New York Stock Exchange )NP (VP is (VP losing (NP its cool )NP (ADVP here )ADVP )VP )VP )S , '' (VP said )VP (NP (NP James *UNKC )NP , (NP (NP head )NP (PP of (NP (NP institutional trading )NP (PP at (NP (NP *UNKC *UNKC Scott Inc. )NP (PP in (NP Philadelphia )NP )PP )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP The new stock baskets )NP `` (VP are (VP going (S (VP to (VP make (S (NP (NP it )NP )NP (ADJP easier )ADJP (SBAR for (S (NP program trading )NP (VP to (VP be (VP done )VP )VP )VP )S )SBAR )S )VP )VP )S )VP )VP . )S  STOP
(S And (NP it )NP (VP 's (VP going (S (VP to (VP be (VP done (ADVP more frequently )ADVP )VP )VP )VP )S (PP as (NP (NP the result )NP (PP of (S (VP having (NP (NP more access )NP (PP to (NP it )NP )PP )NP (PP at (NP different places )NP )PP )VP )S )PP )NP )PP )VP )VP . '' )S  STOP
(S (NP Both (NP (NP the Big Board 's )NP Exchange Stock Portfolio )NP and (NP (NP the Chicago exchange 's )NP Market *UNKC )NP )NP (VP are (VP designed (PP for (NP institutional investors )NP )PP )VP )VP . )S  STOP
(S (NP The Big Board )NP (VP lists (NP its targets )NP (PP as (NP (NP pension plans )NP , (NP mutual fund managers )NP and (NP *UNK- traders )NP )NP )PP )VP . )S  STOP
(S (PP In (NP index arbitrage )NP )PP , (NP program traders )NP (VP buy and sell (NP (NP stocks )NP and (NP stock-index futures )NP )NP (S (VP to (VP profit (PP from (NP (NP small price discrepancies )NP (PP between (NP the markets )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP At (NP the same time )NP )PP , (NP only four securities firms )NP (VP (VP have (VP signed (PRT up )PRT (PP with (NP the Big Board )NP )PP (S (VP to (VP buy and sell (NP *UNKC )NP (PP as (NP market makers )NP )PP )VP )VP )S )VP )VP , (NP an *UNK response )NP )VP . )S  STOP
(S (NP The market makers )NP (ADVP so far )ADVP (VP are (NP (NP (NP CS First Boston Group 's )NP First Boston Corp. unit )NP , (NP Morgan Stanley & Co. )NP , (NP PaineWebber Group Inc. )NP and (NP (NP Salomon Inc. 's )NP Salomon Brothers Inc. unit )NP )NP )VP . )S  STOP
(S (NP (NP Kidder , Peabody & Co. )NP , (NP (NP a General Electric Co. unit )NP (SBAR (WHNP that )WHNP (S (VP has (VP become (NP (NP the biggest program trader )NP (PP along (PP with (NP Morgan Stanley )NP )PP )PP )NP )VP )VP )S )SBAR )NP , )NP (VP is n't (NP a market maker )NP , (SBAR although (S (NP the Big Board )NP (VP hopes (SBAR (S (NP that )NP (VP will (VP change )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (ADVP Similarly )ADVP , (NP the Big Board )NP (VP hopes (S (VP to (VP *UNK (NP Merrill Lynch & Co )NP )VP )VP )S )VP . )S  STOP
(S (NP Neither )NP (VP has (NP plans (S (VP to (VP be (NP a market maker )NP )VP )VP )S )NP (PP for (ADVP now )ADVP )PP )VP . )S  STOP
(S (NP Traders )NP (VP said (SBAR (S (NP major securities firms )NP (VP are (ADJP reluctant (S (VP to (VP become (NP market makers )NP )VP )VP )S )ADJP (SBAR because (S (NP they )NP (VP fear (SBAR (S (NP the baskets )NP (VP may (VP attract (NP only limited trading )NP )VP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Big Board officials )NP (VP say (SBAR (S (NP (NP (NP only 25 contracts )NP (NP a day )NP )NP )NP (VP may (VP trade (PP at (ADJP first )ADJP )PP , (ADJP equivalent (PP to (NP (NP a day 's )NP action (PP at (NP a small , regional exchange )NP )PP )NP )PP )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Even though (S (NP the Big Board )NP (VP says (SBAR (S (NP its product )NP (VP represents (NP a *UNK- `` reform )NP )VP )S )SBAR )VP )S )SBAR , '' (NP some traders )NP (VP suggest (SBAR that (S (SBAR if (S (NP the new basket )NP (VP had (VP been (VP trading (PP during (NP (NP this month 's )NP (NAC Friday the 13th )NAC market plunge )NP )PP )VP )VP )VP )S )SBAR , (NP the Dow Jones Industrial Average )NP (VP might (VP have (VP dropped (NP (NP more )NP (PP than (NP (NP the 190 points )NP (SBAR (S (NP it )NP (VP did )VP )S )SBAR )NP )PP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (SBAR With (S (S (NP the futures )NP (VP locked (PP into (NP a trading halt )NP )PP (NP Oct. 13 )NP )VP )S and (S (NP (NP trading )NP (PP in (NP some individual stock )NP )PP )NP (ADJP difficult )ADJP )S )S )SBAR , (NP program traders )NP (VP would (VP have (ADVP *UNKLY )ADVP (VP fled (PP to (NP the basket system )NP )PP )VP )VP )VP )S , (NP the traders )NP (VP say )VP . )S  STOP
(S `` (S (SBAR If (S (NP we )NP (VP had (NP the baskets )NP )VP )S )SBAR , (NP we )NP (VP would (VP be (VP leaving (PP in (NP *UNK )NP )PP )VP )VP )VP )S , '' (NP one trader )NP (VP said )VP . )S  STOP
(S (NP (NP The SEC 's )NP Mr. Breeden )NP (VP said (SBAR (S (NP (NP the *UNK- trading )NP (PP on (NP the Midwest exchange )NP )PP )NP (VP would (S (VP help (S (NP the U.S. )NP (VP win (PRT back )PRT (NP (NP business )NP (SBAR (WHNP that )WHNP (S (VP has (VP moved (ADVP overseas )ADVP (S (VP to (VP conduct (NP *UNK- trades )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP )S )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Comprehensive Care Corp. )NP , (SBAR (WHNP which )WHNP (S (VP has (VP agreed (S (VP to (VP be (VP acquired (PP by (NP (ADJP closely held )ADJP First Hospital Corp. )NP )PP )VP )VP )VP )S )VP )VP )S )SBAR , )NP (VP (VP reported (NP (NP a (ADJP (QP $ 4.7 million )QP )ADJP loss )NP (PP for (NP its Aug. 31 first quarter )NP )PP )NP )VP and (VP said (SBAR (S (NP it )NP (VP is (VP negotiating (NP (NP an extension )NP (PP of (NP senior bank debt )NP )PP (PP past (NP its Oct. 18 due date )NP )PP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP (NP composite trading )NP (NP yesterday )NP (PP on (NP the New York Stock Exchange )NP )PP )NP )PP , (NP Comprehensive Care shares )NP (VP plunged (NP $ *UNKN )NP (S (VP to (VP close (PP at (NP $ *UNKN )NP )PP (PP on (NP (NP volume )NP (PP of (NP *UNKN shares )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP The loss )NP (PP in (NP (NP Comprehensive Care 's )NP latest quarter )NP )PP )NP (VP is (ADJP equal (PP to (NP (NP 46 cents )NP (NP a share )NP )NP )PP )ADJP )VP . )S  STOP
(S (PP In (NP the year-earlier quarter )NP )PP , (NP Comprehensive Care )NP (VP earned (NP (NP (QP $ 1.6 million )QP )NP , or (NP (NP 18 cents )NP (NP a share )NP )NP )NP )VP . )S  STOP
(S (NP (NP Revenue )NP (PP in (NP the latest quarter )NP )PP )NP (VP fell (NP 17 % )NP (PP to (NP (QP $ 44 million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP (PRN , (S (NP the company )NP (VP said )VP )S , )PRN (S (VP reflecting (NP (NP (NP poor utilization )NP (PP of (NP (NP the company 's )NP facilities )NP )PP )NP and (NP its *UNK medicine contracts )NP )NP )VP )S )VP . )S  STOP
(S (NP Comprehensive Care shareholders )NP (VP have (VP approved (NP (NP acquisition )NP (PP of (NP (NP the developer and operator )NP (PP of (NP *UNKC (UCP chemical *UNK and *UNK )UCP programs )NP )PP )NP )PP (PP for (NP (NP (QP about $ 58 million )QP )NP (PP in (NP (NP cash )NP , (NP notes )NP and (NP (NP stock )NP (PP of (NP (NP First Hospital )NP , (NP Norfolk , Va )NP )NP )PP )NP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP The price )NP (VP was (VP reduced (NP last August )NP (PP from (NP (NP an indicated value )NP (PP of (NP (QP $ 76 million )QP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Comprehensive Care )NP (VP said (SBAR (S (NP First Hospital )NP (VP had (VP advised (NP it )NP (SBAR that (S (NP both (NP bank debt )NP and (NP senior notes )NP )NP (VP would (VP be (VP repaid (PP after (NP the acquisition )NP )PP )VP )VP )VP )S )SBAR )VP )VP )S )SBAR , (SBAR although (S (NP it )NP (VP is n't (VP assured (SBAR (S (NP the acquisition )NP (VP will (VP be (VP completed )VP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR If (S (NP it )NP (VP is n't (VP completed )VP )VP )S )SBAR , (NP Comprehensive Care )NP (VP said (SBAR (S (NP it )NP (VP would (VP be `` (VP required (S (VP to (ADVP promptly )ADVP (VP restructure (NP its debt )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP First Hospital )NP (VP advised (NP Comprehensive Care )NP (SBAR (SBAR that (S (NP (NP an agent )NP (PP for (NP (NP the financial institutions )NP (VP providing (NP (NP financing )NP (PP of (NP its acquisition )NP )PP )NP )VP )NP )PP )NP (VP is (VP scheduled (S (VP to (VP make (NP a final credit *UNK )NP (NP tomorrow )NP )VP )VP )S )VP )VP )S )SBAR , and (SBAR that (S (NP a favorable *UNK )NP (VP could (VP result (PP in (NP (NP a reorganization )NP (PP at (NP Comprehensive Care )NP )PP `` (PP by (NP (NP the end )NP (PP of (NP October )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )SBAR )VP . '' )S  STOP
(S (S (NP *UNKC (S (VP to (VP win (NP such a *UNK )NP )VP )VP )S )NP , (ADVP however )ADVP , (VP would (VP lead (S (NP Comprehensive Care directors )NP (VP to `` (VP consider (NP various alternatives )NP )VP )VP )S )VP )VP )S , '' (NP Comprehensive Care )NP (VP said , (PP without (S (VP *UNKING )VP )S )PP )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP First Hospital )NP (VP reported (NP (NP a (ADJP 1.6 % )ADJP rise )NP (PP in (NP net income )NP )PP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP for (NP (NP its year )NP (VP ended (NP June 30 )NP )VP )NP )PP (PP on (NP (NP a (ADJP 27 % )ADJP increase )NP (PP in (NP revenue )NP )PP (PP to (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP It )NP (VP said , (ADVP however )ADVP , (SBAR that (S (NP (NP net income )NP (PP for (NP (NP the *UNK- period )NP (VP ended (NP Aug. 31 )NP )VP )NP )PP )NP (VP plunged (PP to (NP $ 150,000 )NP )PP (PP from (NP $ *UNKN )NP )PP (PP in (NP the prior year )NP )PP (PP on (NP (NP a (ADJP 33 % )ADJP rise )NP (PP in (NP revenue )NP )PP (PP to (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A group )NP (PP including (NP New York investors (NX (NX Douglas A. *UNKC )NX and (NX Anthony *UNKC )NX )NX )NP )PP )NP (VP holds (NP (NP the equivalent )NP (PP of (NP (NP a (ADJP *UNKN % )ADJP stake )NP (PP in (NP (NP (NP *UNKC Robertson Co. 's )NP common shares )NP (ADJP outstanding )ADJP )NP )PP )NP )PP )NP , (PP according (PP to (NP (NP a filing )NP (PP with (NP the Securities and Exchange Commission )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP (NP Officials )NP (PP of (NP (NP *UNKED *UNKC Robertson )NP , (SBAR (WHNP which )WHNP (S (VP makes (NP (NP steel *UNK )NP , (NP store *UNK )NP and (NP building parts )NP )NP )VP )S )SBAR , )NP )PP )NP (VP declined (NP comment )NP )VP . )S  STOP
(S (SBAR As (S (VP reported (NP last month )NP )VP )S )SBAR , (NP Mr. *UNKC )NP (VP said (SBAR (S (NP he )NP (VP was (ADJP interested (PP in (S (VP making (NP an offer (S (VP to (VP buy (NP *UNKC Robertson )NP (PP for (NP (NP $ 13 )NP (NP a share )NP )NP )PP )VP )VP )S )NP )VP )S )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP the SEC filing )NP )PP , (NP the *UNKC group )NP (VP said (SBAR (S (NP it )NP (VP intends (S (VP to (VP acquire (NP additional *UNKC Robertson shares )NP `` (PP with (NP (NP a view )NP (PP *UNK (NP (NP a possible change )NP (PP in (NP (NP control )NP (PP of (NP the company )NP )PP )NP )PP )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP . '' )S  STOP
(S (NP It )NP (VP has not , (ADVP however )ADVP , (VP made (NP a formal proposal )NP )VP )VP . )S  STOP
(S (S (S (NP The group )NP (ADVP also )ADVP (VP is (VP engaged (PP in (NP (NP talks )NP (PP with (NP third parties )NP )PP (VP regarding (S (VP obtaining (NP (NP financing )NP (SBAR (S (VP to (VP buy (NP more shares )NP )VP )VP )S )SBAR )NP )VP )S )VP )NP )PP )VP )VP )S , but (S (NP no agreements )NP (VP have (ADVP yet )ADVP (VP been (VP reached )VP )VP )VP )S )S , (NP the filing )NP (VP said )VP . )S  STOP
(S (NP The group )NP (VP controls (NP *UNKN *UNKC Robertson common shares )NP , (S (VP assuming (NP (NP exercise )NP (PP of (NP (NP an option )NP (SBAR (S (NP it )NP (VP acquired (PP from (NP Executive Life Insurance Co. )NP )PP )VP )S )SBAR (S (VP to (VP buy (NP *UNKN shares )NP )VP )VP )S )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP Its stake )NP (VP includes (NP (NP *UNKN shares )NP (VP bought (PP in (NP the open market )NP )PP (PP (PP from (NP Aug. 30 )NP )PP (PP to (NP Oct. 18 )NP )PP )PP (PP for (NP (NP (QP $ *UNKN to $ *UNKN )QP )NP (NP a share )NP )NP )PP )VP )NP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP (NP yesterday )NP , (NP *UNKC Robertson )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP up (NP 62.5 cents )NP )ADVP )VP . )S  STOP
(S (S (PP After (S (VP coming (ADVP close (PP to (NP a partial settlement )NP )PP )ADVP (ADVP (NP a year )NP ago )ADVP )VP )S )PP , (NP (NP shareholders )NP (SBAR (WHNP who )WHNP (S (VP filed (NP (NP civil suits )NP (PP against (NP (NP *UNKC F. Boesky )NP and (NP (NP the partnerships )NP (SBAR (S (NP he )NP (ADVP once )ADVP (VP controlled )VP )S )SBAR )NP )NP )PP )NP )VP )S )SBAR )NP (ADVP again )ADVP (VP are (VP *UNKING (NP an accord )NP )VP )VP )S , (NP (NP people )NP (ADJP familiar (PP with (NP the case )NP )PP )ADJP )NP (VP said )VP . )S  STOP
(SINV (S (ADVP Meanwhile )ADVP , (PP within (NP the (ADJP next few )ADJP weeks )NP )PP , (NP (NP the limited partners )NP (PP in (NP *UNKC F. Boesky & Co . *UNKC )NP )PP )NP (VP are (VP expected (S (VP to (VP reach (NP (NP a partial settlement )NP (PP with (NP Drexel Burnham Lambert Inc. )NP )PP (VP regarding (NP (NP the distribution )NP (PP of (NP (NP the (QP $ *UNKN million )QP )NP (PP in (NP partnership assets )NP )PP )NP )PP )NP )VP )NP )VP )VP )S )VP )VP )S , (VP said )VP (NP (NP one )NP (PP of (NP the individuals )NP )PP )NP . )SINV  STOP
(S (S (PP Under (NP (NP the terms )NP (PP of (NP the settlement )NP )PP )NP )PP , (NP the limited partners )NP (VP would (VP drop (NP (NP their civil suits )NP (PP against (NP Drexel )NP )PP , (VP (ADVP now )ADVP pending (PP in (NP (NP federal court )NP (PP in (NP New York )NP )PP )NP )PP )VP )NP )VP )VP )S , (NP another individual )NP (VP said )VP . )S  STOP
(S (NP (NP *UNKC )NP (VP involved (PP in (NP the talks )NP )PP )VP )NP (VP said (SBAR that (S (NP the parties )NP (VP were (ADVP (ADVP closer )ADVP (PP to (NP accord )NP )PP (SBAR than (S (NP they )NP (VP were (ADVP (ADVP (NP a year )NP ago )ADVP , (SBAR (WHADVP when )WHADVP (S (NP (NP reports )NP (PP of (NP an imminent agreement )NP )PP )NP (VP *UNKED )VP )S )SBAR )ADVP )VP )S )SBAR )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP One individual )NP (VP said (SBAR (S (NP (NP the shareholders ' )NP accord )NP (VP was `` (ADVP well )ADVP (VP worked (PRT out )PRT )VP )VP )S )SBAR )VP . '' )S  STOP
(S (ADVP However )ADVP , (NP (ADJP less optimistic )ADJP attorneys )NP (VP warned (SBAR that (S (PP because of (NP (NP the *UNK )NP (PP of (NP (NP numerous defendants and plaintiffs )NP (PP with (NP *UNKING claims )NP )PP )NP )PP )NP )PP , (NP there )NP (VP is (ADVP always )ADVP (NP the possibility (SBAR that (S (NP the talks )NP (VP will (ADVP again )ADVP (VP fall (ADVP apart )ADVP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A shareholders ' )NP accord )NP (VP would (VP provide (NP (NP the first *UNK )NP (PP to (NP (NP thousands )NP (PP of (NP (NP individuals and institutions )NP (VP claiming (NP (NP losses )NP (PP as (NP (NP a result )NP (PP of (NP (NP insider trading )NP (PP by (NP (NP Boesky & Co. )NP , (NP (NP (ADVP once )ADVP the largest arbitrage fund )NP (PP in (NP the U.S. )NP )PP )NP )NP )PP )NP )PP )NP )PP )NP )VP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP The plaintiffs )NP (VP are (NP (NP investors )NP (SBAR (WHNP who )WHNP (S (VP bought and sold (NP (NP securities )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP (NP Mr. Boesky )NP and (NP his partnerships )NP )NP (VP were (VP dealing )VP )VP )S )SBAR )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP Some )NP (VP claim (SBAR (S (NP they )NP (VP suffered (NP losses )NP (SBAR because (S (NP they )NP (VP sold (SBAR while (S (NP he )NP (VP was (VP buying )VP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )VP )S and (S (NP others )NP (SBAR because (S (NP they )NP (VP bought (SBAR while (S (NP he )NP (VP was (VP selling )VP )VP )S )SBAR )VP )S )SBAR )S . )S  STOP
(S (NP (NP Stocks )NP (VP involved (PP in (NP the shareholder suits )NP )PP )VP )NP (VP include (NP (NP Union Carbide )NP , (NP RJR Nabisco )NP , (NP American Natural Resources )NP , (NP *UNKC *UNKC Corp. )NP , (NP General Foods Corp. )NP , (NP Houston Natural Gas )NP and (NP *UNKC Corp )NP )NP )VP . )S  STOP
(S (NP There )NP (VP are (NP (NP (QP at least 27 )QP *UNK- shareholder suits )NP (SBAR (WHNP that )WHNP (S (VP have (VP been (VP consolidated (PP in (NP (NP federal court )NP (PP in (NP New York )NP )PP )NP )PP (PP under (NP U.S. District Judge Milton *UNKC )NP )PP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(SINV (PP Among (NP the defendants )NP )PP (VP are )VP (NP (NP Mr. Boesky )NP ; (NP the *UNK- *UNKC F. Boesky & Co. )NP ; (NP (NP (NP Mr. Boesky 's )NP main underwriter )NP , (NP Drexel Burnham )NP )NP ; and (NP (NP *UNKC & General Securities PLC )NP , (NP (NP a British investment fund )NP (VP (ADVP once )ADVP controlled (PP by (NP Mr. Boesky )NP )PP )VP )NP )NP )NP . )SINV  STOP
(S (NP (NP *UNKC )NP (ADJP familiar (PP with (NP the negotiations )NP )PP )ADJP )NP (VP said (SBAR (S (NP (NP the partial settlement )NP (VP being (VP negotiated )VP )VP )NP (VP would (VP remove (NP (NP the Boesky partnership )NP , (NP the British fund )NP and (NP Mr. Boesky )NP )NP (PP as (NP defendants )NP )PP , (SBAR while (S (NP (NP Drexel )NP and (NP other defendants )NP )NP (VP would (VP remain )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Charles *UNKC )NP , (PP of (NP (NP the (ADJP Washington , *UNKED )ADJP law firm )NP (NP *UNKC , *UNKC & *UNKING )NP , (SBAR (WHNP which )WHNP (S (VP represents (NP Mr. Boesky )NP (PP in (NP this matter )NP )PP )VP )S )SBAR )NP )PP , )NP (VP said (ADVP only )ADVP (SBAR that `` (S (NP discussions )NP (VP are (PP under (NP way )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP There )NP (VP are (NP no agreements )NP (ADVP yet )ADVP )VP . '' )S  STOP
(S (NP It )NP (VP has (VP been (NP three years )NP (SBAR since (S (NP Mr. Boesky )NP , (S (ADVP now )ADVP (PP in (NP prison )NP )PP )S , (VP agreed (S (VP to (VP pay (NP a (ADJP (QP $ 100 million )QP )ADJP fine )NP (S (VP to (VP settle (NP (NP the government 's )NP charges (SBAR that (S (NP he )NP (VP had (VP traded (ADVP illegally )ADVP (S (VP using (NP insider information )NP )VP )S )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (PP Out (PP of (NP this )NP )PP )PP , (NP the government )NP (VP set (PRT up )PRT (NP (NP a (ADJP (QP $ 50 million )QP )ADJP fund )NP (PP for (NP (NP plaintiffs )NP (SBAR (WHNP who )WHNP (S (VP can (VP prove (NP their financial losses )NP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (PP According (PP to (NP (NP William *UNKC )NP , (NP (NP an attorney )NP (PP at (NP (NP *UNKC & *UNKC )NP , (NP (NP the *UNK agents )NP (PP for (NP the fund )NP )PP )NP )NP )PP )NP , )NP )PP )PP (PP as (PP of (NP Sept. 30 )NP )PP )PP (NP the fund )NP (VP amounted (PP to (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP (NP attorneys )NP (PP for (NP the (QP 42 or so )QP limited partners )NP )PP )NP (VP have (VP had (NP (NP serious discussions )NP (SBAR (WHNP that )WHNP (S (VP could (VP lead (PP to (NP (NP the distribution )NP (PP of (NP (NP the partnership 's )NP assets )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP The limited partners )NP (VP include (NP (NP insurance companies )NP , (NP financial institutions )NP and (NP individual investors )NP )NP )VP . )S  STOP
(S (NP (NP An agreement )NP (PP with (NP Drexel )NP )PP (VP regarding (NP (NP the limited partners ' )NP investments )NP )VP )NP (VP is (NP (NP an essential step )NP (PP toward (S (VP getting (NP their money )NP (PRT back )PRT )VP )S )PP )NP )VP . )S  STOP
(S (NP This )NP (VP is (SBAR because (S (NP a Delaware court )NP (NP earlier this year )NP (VP said (SBAR that (S (NP Drexel )NP (VP is (VP entitled (S (VP to (VP get (NP its money )NP (PRT back )PRT (PP (PP before )PP or (PP at (NP (NP the same time )NP (PP as )PP )NP )PP (NP the limited partners )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Drexel )NP (VP is (VP owed (NP (QP $ 20 million )QP )NP (PP by (NP the partnership )NP )PP )VP )VP . )S  STOP
(S (NP (NP An individual )NP (ADJP familiar (PP with (NP the negotiations )NP )PP )ADJP )NP (VP said (SBAR that (S (SBAR (WHNP whatever investments )WHNP (S (NP the limited partners )NP (VP do not (VP *UNK (PP from (NP (NP the (QP $ *UNKN million )QP )NP (PP in (NP partnership assets )NP )PP )NP )PP )VP )VP )S )SBAR , (NP they )NP (VP will (VP receive (PP from (NP (NP the (ADJP (QP $ 350 million )QP )ADJP *UNK fund )NP (ADJP available (PP as (NP (NP a result )NP (PP of (NP (NP (NP Drexel 's )NP settlement )NP (PP with (NP the government )NP )PP (PP in (NP December 1988 )NP )PP )NP )PP )NP )PP )ADJP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Drexel )NP (VP agreed (S (VP to (VP (VP plead (ADJP guilty (PP to (NP six felony counts )NP )PP )ADJP )VP and (VP pay (NP (NP (QP $ 650 million )QP )NP , (SBAR (WHPP of (WHNP which )WHNP )WHPP (S (NP (NP (QP $ 350 million )QP )NP )NP (VP was (VP set (ADVP aside )ADVP (PP for (NP (NP shareholders )NP and (NP (NP other plaintiffs )NP , (PP including (NP (NP the limited partners )NP , (SBAR (WHNP who )WHNP (S (VP claim (SBAR (S (NP they )NP (VP were (VP injured (PP by (NP Drexel )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )NP )PP )VP )VP )S )SBAR )NP )VP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC *UNKC activist )NP (VP wins (NP (NP a battle )NP (PP against (NP the )NP )PP )NP )VP )S  STOP
(S (NP U.S. District Judge Robert P. Patterson Jr. )NP (VP ordered (NP the FBI )NP (S (VP to (ADVP immediately )ADVP (VP begin (S (VP processing (NP (NP (NP *UNKC *UNKC *UNKC 's )NP request )NP (PP for (NP (NP documents )NP (VP stemming (PP from (NP (NP (NP the agency 's )NP investigation )NP (PP of (NP him )NP )PP (PP during (NP the 1960s )NP )PP )NP )PP )VP )NP )PP )NP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP The FBI )NP (VP had (VP said (SBAR (S (NP it )NP (VP would not (VP be (ADJP able (S (VP to (VP begin (S (VP processing (NP the request )NP )VP )S )VP )VP )S )ADJP (PP until (NP June )NP )PP )VP )VP )S )SBAR )VP )VP )S  STOP
(S (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP is (ADJP (NP 68 years )NP old )ADJP )VP )S )SBAR , )NP (VP fled (NP the U.S. )NP (PP in (NP 1970 )NP )PP (PP after (S (VP *UNKING (NP (NP his appeals )NP (PP of (NP (NP a *UNKN conviction )NP (PP on (NP (NP conspiracy )NP (PP to (NP murder )NP )PP )NP )PP )NP )PP )NP )VP )S )PP )VP . )S  STOP
(S (NP He )NP (VP turned (NP himself )NP (PRT in )PRT (PP to (NP authorities )NP )PP (PP in (NP New York )NP )PP (NP earlier this year )NP )VP . )S  STOP
(S (NP He )NP (VP maintains (SBAR that (S (NP (NP the information )NP (PP from (NP the FBI )NP )PP )NP (VP will (VP help (S (NP him )NP (VP get (S (S (NP his *UNKN conviction )NP (VP *UNKED )VP )S and (S (NP his *UNKING indictment )NP (VP dismissed )VP )S )S )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP His attorneys )NP (VP claim (SBAR (S (NP he )NP (VP was (VP *UNKED (PP by (NP (NP the FBI )NP and (NP New York police )NP )NP )PP (PP as (NP (NP part )NP (PP of (NP a campaign (S (VP to (VP destroy (NP (NP the black *UNK movement )NP (PP of (NP the 1960s )NP )PP )NP )VP )VP )S )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Because (S (NP the federal (NAC *UNKC (PP of (NP Information Act )NP )PP )NAC )NP (VP was n't (NP law )NP (PP at (NP that time )NP )PP )VP )S )SBAR , (NP the FBI )NP (VP was n't (VP required (S (VP to (VP turn (PRT over )PRT (NP (NP information )NP (PP on (NP its investigations )NP )PP )NP )VP )VP )S (SBAR (WHADVP when )WHADVP (S (NP Mr. *UNKC )NP (VP appealed (NP his conviction )NP (PP in (NP the 1960s )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S But (PP in (NP (NP federal court )NP (PP in (NP Manhattan )NP )PP )NP )PP , (NP Judge Patterson )NP (VP said (SBAR (S (NP the FBI records )NP (VP could (VP show (SBAR that (S (NP (NP Mr. *UNKC 's )NP arrest )NP (VP was (NP (NP the result )NP (PP of (NP questionable legal practices )NP )PP )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The judge )NP (VP said (SBAR that (S (SBAR if (S (NP (NP the FBI 's )NP proposed schedule )NP (VP was (VP followed (PP in (S (VP *UNKING (NP the documents )NP )VP )S )PP )VP )VP )S )SBAR , `` (S (NP (NP a delay )NP (PP of (NP (QP over one )QP year )NP )PP )NP (VP will (VP have (VP occurred )VP )VP )VP )S and (S (NP *UNK )NP (VP will (VP have (VP served (NP (NP (QP approximately two-thirds )QP )NP (PP of (NP his (ADJP 3 *UNK- )ADJP minimum sentence )NP )PP )NP (PP by (NP (NP the time )NP (SBAR (S (NP he )NP (VP receives (NP the files )NP )VP )S )SBAR )NP )PP )VP )VP )VP )S )S )SBAR )VP . '' )S  STOP
(S (NP (NP *UNKC W. *UNKC )NP , (NP (NP the assistant U.S. attorney )NP (VP handling (NP the case )NP (PP for (NP the FBI )NP )PP )VP )NP , )NP (VP said (SBAR (S (NP (NP no decision )NP )NP (VP has (VP been (VP made (PP about (S (VP *UNKING (NP (NP the judge 's )NP ruling )NP )VP )S )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP FEDERAL *UNKC )NP (VP *UNKC (S (VP to (VP (VP cut (NP (NP costs )NP )NP )VP and (VP reduce (NP (NP delays )NP )NP )VP (PP of (NP civil suits )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP The study )NP , (VP conducted (PP by (NP (NP a task force )NP (PP of (NP the *UNKC *UNKC )NP )PP )NP )PP )VP , )NP (VP suggests (SBAR that (S (NP Congress )NP (VP should (VP require (S (NP the courts )NP (VP to (VP develop (NP the plans )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The study )NP (VP was (VP *UNKED (PP by (NP (NP Senate *UNKC Committee chairman Joseph *UNKC )NP (PRN -LRB- (NP (NP D. )NP , (NP *UNKC . )NP )NP -RRB- )PRN )NP )PP )VP )VP . )S  STOP
(S (NP The Washington , D.C. , think tank )NP (VP *UNK (SBAR that (S (NP the courts )NP (VP adopt (NP (NP different `` tracks '' )NP (PP for (NP (NP different types )NP (PP of (NP civil cases )NP )PP )NP )PP )NP (SBAR in order (S (VP to (VP separate (NP (NP the handling )NP (PP of (NP (ADJP highly complex )ADJP suits )NP )PP )NP (PP from (NP *UNK ones )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC cases )NP , (PP such as (NP (NP antitrust suits )NP and (NP many business disputes )NP )NP )PP , )NP (VP would (VP receive (NP (NP intense *UNK )NP (PP by (NP federal judges )NP )PP )NP (S (VP to (VP keep (S (NP *UNK proceedings )NP (VP moving )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (S (NP Standard cases )NP (VP would (VP require (NP less judicial attention )NP )VP )VP )S , and (S (NP *UNK- cases )NP (VP could (VP be (VP resolved (ADVP quickly )ADVP )VP )VP )VP )S . )S  STOP
(S (NP The study )NP (ADVP also )ADVP (VP said (SBAR (S (NP each federal court )NP (VP should (VP set (NP (NP strict time limits )NP (PP for (NP (NP the *UNK exchange )NP (PP of (NP documents and evidence )NP )PP )NP )PP , (VP ranging (PP (PP from (NP (NP (QP as much as 100 )QP days )NP (PP for (NP (NP cases )NP (PP in (NP the fast track )NP )PP )NP )PP )NP )PP (PP to (NP (NP (QP as much as 18 )QP months )NP (PP for (NP complex disputes )NP )PP )NP )PP )PP )VP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S And (NP the study )NP (VP said (SBAR (S (NP federal courts )NP (VP should (VP set (NP firm trial dates )NP (ADVP (ADVP early )ADVP (PP in (NP the process )NP )PP )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (VP To (VP take (NP advantage )NP (PP of (NP local expertise and *UNK )NP )PP )VP )VP )S (PRN , (S (NP the study )NP (VP said )VP )S , )PRN (NP Congress )NP (VP should (VP require (S (NP (NP each )NP (PP of (NP the *UNK federal district courts )NP )PP )NP (VP to (VP adopt (NP its own plan (S (VP (VP to (VP speed (NP (NP the handling )NP (PP of (NP civil suits )NP )PP )NP )VP )VP and (VP to (VP reduce (NP (NP the high costs )NP (PP in (NP civil cases )NP )PP )NP )VP )VP )VP )S )NP )VP )VP )S )VP )VP . )S  STOP
(S (SBAR Although (S (NP (NP some )NP (PP of (NP (NP the study 's )NP recommendations )NP )PP )NP (VP *UNK (NP (NP those )NP (PP of (NP similar projects )NP )PP )NP )VP )S )SBAR , (NP (NP the *UNK )NP (PP of (NP the task force )NP )PP )NP (VP was (ADJP unusually *UNK )ADJP , (S (VP adding (NP *UNK )NP (PP to (NP the effort )NP )PP )VP )S )VP . )S  STOP
(S (NP It )NP (VP included (NP (NP (NP lawyers )NP (PP from (NP civil rights and consumer groups )NP )PP )NP , (NP (NP (NP plaintiffs ' )NP lawyers )NP and (NP defense attorneys )NP )NP , (NP (NP corporate counsel )NP and (NP law *UNK )NP )NP )NP )VP . )S  STOP
(S (NP *UNKC Inc. )NP (VP said (SBAR (S (NP it )NP (VP purchased (NP (NP a major regional computer retailer )NP , (NP (NP Data Systems Computer *UNKC Inc. )NP , (NP (NP *UNKC )NP , (NP New Jersey )NP )NP )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Terms )NP (VP were n't (VP disclosed )VP )VP . )S  STOP
(S (NP The purchase )NP (VP *UNK (NP (NP (NP (ADJP San Jose , *UNKED )ADJP *UNKC 's )NP links )NP (PP to (NP (NP the large corporations )NP (SBAR (WHNP who )WHNP (S (VP are (PP among (NP (NP the biggest buyers )NP (PP of (NP computers )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP Data Systems )NP (VP (VP has (NP five retail stores )NP (PP in (NP the *UNK )NP )PP )VP , but (VP specializes (PP in (S (VP selling (NP (NP personal computers )NP (VP made (PP by (NP (NP International Business Machines Corp. )NP and (NP Apple Computer Inc. )NP )NP )PP )VP )NP (PP to (NP (NP banks )NP , (NP brokerage firms )NP and (NP (NP other big businesses )NP (VP based (PP in (NP the New York metropolitan area )NP )PP )VP )NP )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S (NP (NP John *UNKC )NP , (NP (NP chief executive officer )NP (PP of (NP Data Systems )NP )PP )NP , )NP (VP said (SBAR (S (NP the company )NP (VP (VP was (ADJP profitable )ADJP )VP and (VP expected (NP (NP sales )NP (PP of (NP (QP nearly $ 100 million )QP )NP )PP )NP (NP this year )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP operates (NP stores )NP (PP in (NP 50 U.S. metropolitan areas )NP )PP )VP )S )SBAR , )NP (VP planned (S (VP to (VP absorb (NP (NP his firm 's )NP operations )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Eastman Kodak Co. )NP (PP of (NP Rochester , N.Y. , )NP )PP )NP (VP said (SBAR (S (NP its *UNKC & *UNKC Products subsidiary )NP (VP was (VP restructured (S (VP to (VP form (NP (NP two operating groups )NP , (NP (NP (NP one )NP (PP for (NP (NP household products )NP (PP such as (NP *UNK and *UNK )NP )PP )NP )PP )NP and (NP (NP the other )NP (PP for (NP (NP *UNK- products )NP (PP such as (NP wood *UNK and *UNK )NP )PP )NP )PP )NP )NP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNKC , N.J. , unit )NP (VP said (SBAR (S (NP the new operating structure )NP `` (VP creates (NP (NP a (ADJP more focused and *UNK )ADJP organization )NP (VP *UNKED (PP to (S (VP (ADVP effectively )ADVP managing (NP (NP the size and scope )NP (PP of (NP (NP the unit 's )NP current business )NP )PP )NP )VP )S )PP )VP )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP The consumer brands unit )NP (VP was (VP *UNKED (PP by (NP the *UNK , pharmaceutical and chemical concern )NP )PP (NP (NP last year )NP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP acquired (NP Sterling Drug Inc )NP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (PP In (NP a related matter )NP )PP , (NP (NP Peter Black )NP , (NP (NP president )NP (PP of (NP consumer brand *UNKC )NP )PP )NP , )NP (VP was (VP named (S (NP (NP group vice president )NP (PP for (NP the household products operating group )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP (NP Kenneth M. Evans )NP , (NP (NP president )NP (PP of (NP Thompson & *UNKC brand )NP )PP )NP , )NP (VP was (VP named (S (NP (NP group vice president )NP (PP of (NP the *UNK- operating group )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP (NP (NP Sotheby 's )NP Holdings Inc. )NP , (NP (NP the parent )NP (PP of (NP (NP the auction house )NP (NP Sotheby 's )NP )NP )PP )NP , )NP (VP said (SBAR (S (NP (NP its net loss )NP (PP for (NP the (ADJP seasonally slow )ADJP third quarter )NP )PP )NP (VP narrowed (PP from (ADVP (NP a year )NP earlier )ADVP )PP (PP on (NP (NP a *UNK )NP (PP in (NP operating revenue )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The New York-based company )NP (VP reported (NP (NP a third-quarter net loss )NP (PP of (NP (NP (QP $ 5.1 million )QP )NP , or (NP (NP 10 cents )NP (NP a share )NP )NP )NP )PP )NP , (PP compared (PP with (NP (NP a year-earlier net loss )NP (PP of (NP (NP (QP $ 6.2 million )QP )NP , or (NP (NP 12 cents )NP (NP a share )NP )NP )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP Operating revenue )NP (VP surged (NP 54 % )NP (PP in (NP the latest period )NP )PP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP (NP 80 % )NP (PP of (NP its auction business )NP )PP )NP (VP is (ADVP usually )ADVP (VP conducted (PP in (NP the second and fourth quarters )NP )PP , (PP with (S (NP the current quarter )NP (VP having (VP begun `` (ADVP extremely well )ADVP )VP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP West Texas *UNKC )NP , (NP the U.S. benchmark crude )NP , )NP (VP seemed (ADJP *UNKED )ADJP (ADVP again )ADVP (NP yesterday )NP (PP in (NP (NP trading )NP (PP on (NP the New York Mercantile Exchange )NP )PP )NP )PP )VP . )S  STOP
(S (S (ADVP *UNKLY )ADVP (VP expected (S (VP to (VP open (ADVP (NP (NP (QP 10 to 15 )QP cents )NP (NP a barrel )NP )NP higher )ADVP (PP on (NP (NP the strength )NP (PP of (NP (NP statistics )NP (PP from (NP the American Petroleum Institute )NP )PP )NP )PP )NP )PP )VP )VP )S )VP )S , (NP the December contract )NP (VP managed (S (VP to (VP start (NP the session )NP (ADVP (NP (QP only eight )QP cents )NP higher )ADVP )VP )VP )S )VP . )S  STOP
(S (PP In (NP (NP the last hour )NP (PP of (NP the trading day )NP )PP )NP )PP , (NP December contract )NP (VP took (NP a tumble )NP (S (VP to (VP end (NP the session )NP (ADVP (NP 10 cents )NP lower )ADVP (PP at (NP (NP $ *UNKN )NP (NP a barrel )NP )NP )PP )VP )VP )S )VP . )S  STOP
(S And (ADVP now )ADVP (SBAR that (S (NP the price )NP (VP has (VP fallen (PP below (NP (NP $ *UNKN )NP , (SBAR (WHNP which )WHNP (S (NP many )NP (VP had (VP said (SBAR (S (VP showed (NP considerable resistance )NP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR , (NP some traders and analysts )NP (VP figure (SBAR (S (NP there )NP (VP 's (NP (NP little )NP (SBAR (S (VP to (VP stop (NP the price )NP (PP from (S (VP going (ADVP lower )ADVP (PP on (NP technical decisions )NP )PP )VP )S )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(SINV (S (PP With (NP (NP no (NP *UNKED news )NP or (NP (NP changes )NP (PP in (NP the fundamentals )NP )PP )NP )NP (SBAR (S (VP to (VP *UNK (NP price moves )NP )VP )VP )S )SBAR )NP )PP , `` (NP *UNK )NP (VP are (VP *UNKING (S (VP to (VP sell (NP this stuff )NP )VP )VP )S )VP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKING )NP (PP of (NP *UNKC Trading Corp )NP )PP )NP . )SINV  STOP
(S `` And (ADVP short-term )ADVP , (NP the *UNK )NP (VP may (VP have (NP their way )NP )VP )VP . '' )S  STOP
(S (NP The market )NP (ADVP quickly )ADVP (VP discounted (NP (NP the weekly inventory report )NP (VP showing (NP (NP a (ADJP (QP 6.3 million )QP barrel )ADJP decrease )NP (PP in (NP U.S. crude oil stocks )NP )PP )NP )VP )NP (PP as (NP (NP the *UNK )NP (PP of (NP Hurricane Jerry )NP )PP )NP )PP )VP . )S  STOP
(S (NP That storm )NP (VP hit (NP the Gulf Coast )NP (NP Oct. 13 )NP , (S (VP (VP closing (NP the Louisiana *UNKC Oil *UNKC )NP (PP for (NP a time )NP )PP )VP and (VP *UNKING (NP *UNK )NP (PP from (S (VP *UNKING )VP )S )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP Next week 's )NP report )NP (VP could (ADVP very well )ADVP (VP show (NP (NP an increase )NP (PP in (NP crude inventories )NP )PP )NP )VP )VP . )S  STOP
(S (S (VP *UNKING (NP (NP the trade group 's )NP numbers )NP )VP )S (VP left (NP traders )NP (NP (NP plenty )NP (PP of (NP time )NP )PP (SBAR (S (VP to (VP worry (ADVP *UNK )ADVP (PP about (NP (NP the latest reports )NP (PP on (NP OPEC production )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP An (ADJP *UNKC Jones )ADJP survey )NP (PP of (NP (NP integrated oil companies )NP , (NP independent *UNK )NP , and (NP oil industry consultants )NP )NP )PP )NP (VP indicates (SBAR that (S (NP (NP the Organization )NP (PP of (NP Petroleum *UNKING *UNKC )NP )PP )NP (VP increased (NP its production )NP (PP to (NP (NP (QP *UNKN million )QP barrels )NP (NP a day )NP )NP )PP (PP in (NP September )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP suggest (SBAR (S (NP (NP October 's )NP figure )NP (VP may (VP be (ADJP even higher )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP That level )NP (PP of (NP production )NP )PP )NP (VP is n't (PP of (NP much concern )NP )PP (ADVP (ADVP as long )ADVP (SBAR as (S (NP demand )NP (VP continues (ADVP strong )ADVP )VP )S )SBAR )ADVP )VP )S , (NP analysts )NP (VP said )VP . )S  STOP
(S But (S (NP (NP the first quarter )NP (PP of (NP the year )NP )PP )NP (VP is (ADVP generally )ADVP (NP the *UNK )NP )VP )S and (S (NP OPEC production )NP (VP does n't (VP seem (S (VP to (VP be (VP *UNKING (PP in (NP (NP anticipation )NP (PP of (NP that )NP )PP )NP )PP )VP )VP )VP )S )VP )VP )S . )S  STOP
(S (ADVP Also )ADVP , (S (VP maintaining (NP current demand )NP )VP )S (VP assumes (NP (NP no significant slowdown )NP (PP in (NP world economies )NP )PP )NP )VP . )S  STOP
(S (S (VP To (VP top (PRT off )PRT (NP (NP the bearish factors )NP (VP affecting (NP (NP yesterday )NP 's trading )NP )VP )NP )VP )VP )S , (NP (NP late October )NP weather )NP , (PP (ADVP especially )ADVP in (NP the Northeast U.S. )NP )PP , (VP continues (S (VP to (VP be (ADJP very moderate )ADJP )VP )VP )S , (S (VP leaving (S (NP *UNKING oil futures trading )NP (ADJP lackluster )ADJP )S )VP )S )VP . )S  STOP
(S `` (S (NP We )NP (VP are n't (VP seeing (NP any cold weather )NP (ADVP here )ADVP )VP )VP )S , '' (NP Mr. *UNKING )NP (VP said (PP from (NP New York )NP )PP )VP . )S  STOP
(FRAG (PP In (NP other commodity markets )NP )PP (NP yesterday )NP : )FRAG  STOP
(NP *UNKC AND *UNKC : )NP  STOP
(S (NP *UNKC and corn futures prices )NP (VP moved (ADVP higher )ADVP (PP on (NP (NP (NP the strength )NP (PP of (NP (NP buying )NP (PP from (NP (NP commodity pool managers )NP (VP trying (S (VP to (VP profit (PP from (NP technical price trends )NP )PP )VP )VP )S )VP )NP )PP )NP )PP )NP , (CONJP as well as )CONJP (NP continued export strength )NP )NP )PP )VP . )S  STOP
(S (NP (NP (NP A *UNKING (PRT off )PRT )NP (PP of (NP farmer selling )NP )PP )NP (VP tied (PP to (NP the harvest )NP )PP )VP )NP (ADVP also )ADVP (VP removed (NP (NP some )NP (PP of (NP (NP the downward pressure )NP (PP on (NP futures contract prices )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC futures prices )NP (VP fell , (ADVP however )ADVP , (PP (ADVP (ADVP at least )ADVP partly )ADVP in (NP (NP reaction )NP (PP to (NP (NP the rumored selling )NP (PP of (NP (NP futures contracts )NP (ADJP equal (PP to (NP (NP (QP several million )QP *UNK )NP (PP of (NP wheat )NP )PP )NP )PP )ADJP )NP )PP (PP by (NP commodity *UNK Richard Dennis )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Neither (NP Mr. Dennis )NP nor (NP (NP officials )NP (PP of (NP (NP his Chicago trading company )NP , (NP *UNKC Commodities )NP , )NP )PP )NP )NP (VP could (VP be (VP reached (PP for (NP comment )NP )PP )VP )VP )VP . )S  STOP
(SINV (S (PP As (PP for (NP corn and soybean futures )NP )PP )PP , `` (NP (NP (NP a lot )NP (PP of (NP commission house buying )NP )PP (NP this morning )NP )NP and (NP computer-driven buying )NP )NP '' (VP supported (NP prices )NP (PP in (NP early trading )NP )PP )VP )S , (VP said )VP (NP (NP Steven *UNKED )NP , (NP (NP a futures analyst )NP (PP with (NP (NP Dean Witter Reynolds Inc. )NP (PP in (NP Chicago )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP *UNKC futures )NP (PP for (NP November delivery )NP )PP )NP (VP gained (NP (NP *UNKN cents )NP (NP a *UNK )NP )NP (S (VP to (VP close (PP at (NP (NP $ *UNKN )NP (NP a *UNK )NP )NP )PP )VP )VP )S (PP on (NP (NP the Chicago Board )NP (PP of (NP Trade )NP )PP )NP )PP )VP . )S  STOP
(S (NP December corn futures )NP (VP added (NP (NP 2.25 cents )NP (NP a *UNK )NP )NP (S (VP to (VP close (PP at (NP (NP $ *UNKN )NP (NP a bushel )NP )NP )PP )VP )VP )S (PP on (NP (NP the Board )NP (PP of (NP Trade )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP (ADJP *UNKED and anticipated )ADJP purchases )NP (PP from (NP foreign countries )NP )PP )NP (VP are (ADVP also )ADVP (VP supporting (NP futures prices )NP )VP )VP . )S  STOP
(SINV `` (S (S (NP Russian ships )NP (VP are (VP *UNKING (PP in (NP the *UNK )NP )PP )VP )VP )S and (S (NP there )NP (VP is n't (NP enough grain )NP (PP in (NP the pipeline )NP )PP )VP )S )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a futures analyst )NP (PP with (NP (NP Merrill Lynch & Co. )NP (PP in (NP New York )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (S (NP The Soviet Union )NP (VP (VP has (VP purchased (NP (NP (QP roughly eight million )QP tons )NP (PP of (NP grain )NP )PP )NP (NP this month )NP )VP )VP , and (VP is (VP expected (S (VP to (VP take (NP delivery )NP (PP by (NP year end )NP )PP )VP )VP )S )VP )VP )VP )S , (NP analysts )NP (VP said )VP . )S  STOP
(NP *UNKC : )NP  STOP
(S (S (NP Futures prices )NP (VP rose (ADVP modestly )ADVP )VP )S , but (S (NP trading volume )NP (VP was n't (ADJP very heavy )ADJP )VP )S . )S  STOP
(S (S (NP The December contract )NP (VP settled (PP at (NP (NP (NP *UNKN cents )NP (NP a pound )NP )NP )NP )PP , (ADVP up (NP *UNKN cent )NP )ADVP )VP )S , but (S (NP it )NP (VP rose (ADVP (ADVP as high )ADVP (PP as (NP *UNKN cents )NP )PP )ADVP )VP )S . )S  STOP
(S (NP Several cotton analysts )NP (VP said (SBAR that (S (NP the move )NP (VP appeared (S (VP to (VP be (ADJP mostly technical )ADJP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Traders )NP (SBAR (WHNP who )WHNP (S (VP had (VP sold (NP contracts )NP (ADVP earlier )ADVP , (PP in (NP (NP hopes )NP (PP of (S (VP buying (NP them )NP (ADVP back )ADVP (PP at (NP lower prices )NP )PP )VP )S )PP )NP )PP , )VP )VP )S )SBAR )NP (NP yesterday )NP (VP were (VP buying (NP contracts )NP (ADVP back )ADVP (PP at (NP higher prices )NP )PP (S (VP to (VP limit (NP their losses )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP *UNKC traders )NP (ADVP also )ADVP (VP said (SBAR that (S (NP the market )NP (VP could (VP have (VP been (VP helped (PP by (NP (NP rumors )NP , (SBAR (WHNP which )WHNP (S (VP have (VP been (VP *UNKING (PP for (NP the past two days )NP )PP )VP )VP )VP )S )SBAR , (PP about (S (NP China )NP (VP purchasing (NP cotton )NP )VP )S )PP )NP )PP )VP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The *UNK )NP , (SBAR (WHNP which )WHNP (S (VP has (VP been (VP neither confirmed nor denied )VP )VP )VP )S )SBAR , )NP (VP has (S (NP China )NP (VP buying (NP (QP *UNKN to 200,000 )QP *UNK )NP (PP for (NP near-term delivery )NP )PP )VP )S )VP . )S  STOP
(S (NP One floor trader )NP (VP said (SBAR that (S (SBAR if (S (NP there )NP (VP were (NP Chinese purchases )NP )VP )S )SBAR , (NP they )NP (VP should (VP have (VP had (NP (NP a bigger effect )NP (PP on (NP the market )NP )PP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Another )NP (VP said (SBAR that (S (SBAR if (S (NP China )NP (VP was (NP a buyer )NP )VP )S )SBAR , (NP it )NP (VP (VP would (VP be (NP (NP the *UNK )NP (SBAR (S (NP that country )NP (VP had (VP made (NP purchases )NP )VP )VP )S )SBAR (PP since (NP the *UNKN crop year )NP )PP )NP )VP )VP , and (VP (ADVP thus )ADVP would (VP be (NP a bullish sign )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP This trader )NP (VP *UNKED (NP the recent price action )NP (PP as (NP (NP a contest )NP (PP between (NP (NP (NP the *UNK )NP , (SBAR (WHNP who )WHNP (S (VP see (NP higher prices )NP (ADVP ahead )ADVP )VP )S )SBAR )NP , and (NP (NP the technicians )NP , (SBAR (WHNP who )WHNP (S (VP are (ADVP basically )ADVP (VP (VP buying (NP cotton )NP (PP toward (NP (NP (NP the bottom )NP (PP of (NP the current trading range )NP )PP )NP , (NP (QP around 71 )QP cents )NP , )NP )PP )VP and (VP selling (NP it )NP (SBAR (WHADVP when )WHADVP (S (NP the price )NP (VP *UNK (NP (QP more than 74 )QP cents )NP )VP )S )SBAR )VP )VP )VP )S )SBAR )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP This trader )NP (VP said (SBAR that (S (NP he )NP (VP thought (SBAR (S (NP the market )NP (VP would (VP turn (ADJP aggressively bullish (PP from (NP a technical *UNK )NP )PP )ADJP (SBAR if (S (NP the December contract )NP (VP was (ADJP able (S (VP to (VP exceed (NP *UNKN cents )NP )VP )VP )S )ADJP )VP )S )SBAR )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (ADVP also )ADVP (VP noted (SBAR that (S (NP (NP stocks )NP (PP on (NP Aug. 1 , 1990 , )NP )PP )NP (VP are (ADVP currently )ADVP (VP projected (PP at (NP (NP (QP 3.3 million )QP *UNK )NP , (NP (NP the smallest *UNK- supply )NP (PP since (NP 1985 )NP )PP )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(NP *UNKC : )NP  STOP
(S (NP (NP The modest sell-off )NP , (SBAR (WHNP which )WHNP (S (VP started (PP on (NP Tuesday )NP )PP )VP )S )SBAR , )NP (VP continued )VP . )S  STOP
(S (NP The December contract )NP (VP ended (PP at (NP (NP $ *UNKN )NP (NP a metric ton )NP )NP )PP , (ADVP down (NP $ 15 )NP )ADVP )VP . )S  STOP
(S (NP The market )NP (VP is (VP *UNKING , (PP (ADVP (ADVP at least )ADVP partly )ADVP , because of (NP (NP a lack )NP (PP of (NP (NP crop information )NP (PP out (PP of (NP (NP (NP *UNKC )NP and (NP the *UNKC Coast )NP )NP , (NP the two largest African producers )NP )NP )PP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Harry *UNKC )NP , (NP (NP a soft commodity specialist )NP (PP for (NP (NP *UNKC Investors Services )NP (PP in (NP New York )NP )PP )NP )PP )NP , )NP (VP said (SBAR (S (NP (NP the only report )NP (SBAR (S (NP *UNKC )NP (VP has (VP issued )VP )VP )S )SBAR (PP about (NP (NP the *UNK )NP (PP of (NP cocoa )NP )PP (PP from (NP the *UNK )NP )PP )NP )PP )NP (VP was (PP for (NP (NP *UNKN metric tons )NP (PP as (PP of (NP Oct. 12 )NP )PP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP By (NP (NP this time )NP (NP last year )NP )NP )PP (PRN , (S (NP he )NP (VP noted )VP )S , )PRN (NP (NP *UNK )NP (VP totaling (NP *UNKN tons )NP )VP )NP (VP had (VP been (VP announced )VP )VP )VP . )S  STOP
(S (NP A similar situation )NP (ADVP apparently )ADVP (VP *UNK (PP in (NP the *UNKC Coast )NP )PP (SBAR with (S (NP no figures )NP (VP released (ADVP yet )ADVP (NP this year )NP )VP )S )SBAR , (PP compared (PP with (NP (NP *UNKN tons )NP (PP as (PP of (NP (NP this time )NP (ADVP (NP a year )NP ago )ADVP )NP )PP )PP )NP )PP )PP )VP . )S  STOP
(S (NP He )NP (VP said (SBAR that (S (SBAR if (S (NP little cocoa )NP (ADVP actually )ADVP (VP has (VP arrived (PP at (NP the *UNK )NP )PP )VP )VP )S )SBAR , (NP shipping delays )NP (VP could (VP result )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP This )NP (VP is (NP (NP the worry )NP (SBAR (WHNP that )WHNP (S (ADVP probably )ADVP (VP brought (NP *UNK )NP (PP to (NP the market )NP )PP (ADVP earlier (PP in (NP the week )NP )PP )ADVP )VP )S )SBAR )NP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (NP There )NP (VP was (ADVP also )ADVP (NP some fear (SBAR that (S (PP without (NP *UNKC Coast cocoa )NP )PP (NP (NP a large French cocoa merchant )NP , (NP Cie . Financiere *UNKC *UNK *UNKC )NP , )NP (VP might not (VP be (ADJP able (S (VP to (VP deliver (NP cocoa )NP (PP against (NP (NP the contracts )NP (SBAR (S (NP it )NP (VP had (VP sold (ADVP earlier )ADVP )VP )VP )S )SBAR (PP for (NP (NP December delivery )NP (PP in (NP London )NP )PP )NP )PP )NP )PP )VP )VP )S )ADJP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP However )ADVP , (NP the French merchant )NP (VP has (NP (NP (NP (QP about 200,000 )QP tons )NP (PP of (NP old crop *UNKC Coast cocoa )NP )PP )NP (VP *UNKED (PP in (NP the Netherlands )NP )PP )VP (PP from (NP (NP an agreement )NP (SBAR (S (NP it )NP (VP had (VP negotiated (PP with (NP the *UNKC Coast )NP )PP (NP last spring )NP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP thinks (SBAR that (S (SBAR even though (S (NP the merchant )NP (VP has (NP (NP a contract )NP (VP *UNKING (SBAR that (S (NP it )NP (VP wo n't (VP bring (NP this cocoa )NP (PP to (NP market )NP )PP (PP until (PP after (NP March 1991 )NP )PP )PP )VP )VP )S )SBAR )VP )NP )VP )S )SBAR , (NP there )NP (VP is (NP some evidence (SBAR (S (NP the contract )NP (VP has (VP been (VP *UNKED )VP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP This *UNK )NP , (ADVP apparently )ADVP , (VP would (VP permit (S (NP the French merchant )NP (VP to (VP deliver (NP this cocoa )NP , (SBAR if (FRAG (ADJP necessary )ADJP )FRAG )SBAR , (PP against (NP existing short positions )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Richard D. Sutton )NP , (ADJP (NP 64 years )NP old )ADJP , (NP (NP chairman )NP (PP of (NP this *UNKING company )NP )PP )NP , )NP (VP was (VP named (S (NP (NP (NP acting president )NP and (NP chief executive officer )NP )NP (PP of (NP (NP the company )NP and (NP its (NAC First National Bank (PP of (NP *UNKC River )NP )PP )NAC subsidiary )NP )NP )PP )NP )S )VP )VP . )S  STOP
(S (S (NP (NP Joseph W. Robertson )NP , (NP 61 )NP , )NP (VP was (VP dismissed (PP from (NP those posts )NP )PP )VP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (S (NP He )NP (VP could n't (VP be (VP reached )VP )VP )VP )S and (S (NP a company spokesman )NP (VP would n't (VP comment (PP on (NP the dismissal )NP )PP )VP )VP )S . )S  STOP
(S (NP Mr. Robertson )NP (VP was (ADVP also )ADVP (VP removed (PP from (NP (NP the board )NP (PP of (NP (NP (NP (NP First National Bank )NP (PP of (NP New *UNKC County )NP )PP )NP , (NP another unit )NP , )NP and (NP the *UNKC River bank )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP American Medical International Inc. )NP (VP (VP said (SBAR (S (NP it )NP (VP has n't (VP received (NP any other offers (S (VP to (VP acquire (NP (NP the owner and operator )NP (PP of (NP hospitals )NP )PP )NP )VP )VP )S )NP )VP )VP )S )SBAR )VP , and (VP took (NP (NP another step )NP (PP toward (NP (NP completion )NP (PP of (NP (NP its (ADJP (QP $ 3 billion )QP )ADJP acquisition )NP (PP by (NP IMA Holdings Corp )NP )PP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP Earlier this month )NP (NP (NP IMA )NP , (NP (NP an investment group )NP (SBAR (WHNP that )WHNP (S (VP includes (NP (NP (NP Chicago 's )NP *UNKC family )NP and (NP First Boston Corp. )NP )NP )VP )S )SBAR )NP , )NP (VP submitted (NP (NP a reduced bid )NP (PP for (NP American Medical )NP )PP )NP (SBAR after (S (NP it )NP (VP could n't (VP finance (NP its initial offer )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Under (NP the new offer )NP )PP , (NP IMA )NP (VP will (VP pay (NP (NP $ *UNKN )NP (NP a share )NP )NP (PP for (NP (NP (QP 63 million )QP shares )NP , or (NP (NP (QP about 86 )QP % )NP (PP of (NP (NP the shares )NP (ADJP outstanding )ADJP )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP IMA )NP (ADVP also )ADVP (VP will (VP assume (NP (NP (QP $ 1.4 billion )QP )NP (PP in (NP debt )NP )PP )NP )VP )VP . )S  STOP
(S (NP Yesterday )NP , (PP in (NP (NP composite trading )NP (PP on (NP the New York Stock Exchange )NP )PP )NP )PP , (NP *UNKC common )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP up (NP 12.5 cents )NP )ADVP , (PP on (NP (NP volume )NP (PP of (NP almost 1.8 million )NP )PP )NP )PP )VP . )S  STOP
(S (ADVP Earlier )ADVP , (NP American Medical )NP (VP said (SBAR (S (NP it )NP (VP had (VP been (VP approached (ADVP again )ADVP (PP by (NP (NP two other possible *UNK )NP , (SBAR (SBAR (WHNP whom )WHNP (S (NP it )NP (VP would n't (VP identify )VP )VP )S )SBAR but (SBAR (WHNP who )WHNP (S (VP had (ADVP previously )ADVP (VP submitted (NP (NP bids )NP (PP for (NP the company )NP )PP )NP )VP )VP )S )SBAR )SBAR )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Yesterday )NP , (NP American Medical )NP (VP said (SBAR that (S (NP the two other parties )NP (VP told (NP the company )NP (SBAR that (S (NP they )NP (VP do n't (VP have (NP (NP any current intention )NP (PP of (S (VP making (NP a takeover bid )NP )VP )S )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP American Medical )NP (VP said (SBAR (S (NP its directors )NP (VP have (VP approved (SBAR (WHNP what )WHNP (S (VP is , (PP in (NP effect )NP )PP , (NP (NP (NP a *UNK )NP (PP of (NP (NP a *UNK opinion )NP (PP on (NP the acquisition )NP )PP )NP )PP )NP , (VP submitted (PP by (NP (NP the (ADJP Los Angeles-based )ADJP investment banking and evaluation consulting firm )NP (PP of (NP *UNKC *UNKC Howard & *UNKC Inc )NP )PP )NP )PP )VP )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP A final opinion )NP (VP must (VP be (VP approved (ADVP prior (PP to (NP (NP the *UNK )NP (PP of (NP tendered shares )NP )PP (PP for (NP payment )NP )PP (PP under (NP (NP the offer )NP , (SBAR (WHNP which )WHNP (S (VP was (ADJP due (S (VP to (VP expire (PP at (NP (NP *UNKN a.m. EDT )NP (NP today )NP )NP )PP )VP )VP )S )ADJP )VP )S )SBAR )NP )PP )NP )PP )ADVP )VP )VP )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP (NP Moody 's )NP Investors Service Inc. )NP (VP *UNKED (NP (NP (NP the ratings )NP (PP of (NP (NP American Medical 's )NP (ADJP senior and subordinated )ADJP debt issues )NP )PP )NP and (NP (NP those )NP (PP of (NP its international affiliate )NP )PP )NP )NP )VP . )S  STOP
(S (S (NP The *UNK )NP (VP anticipates (NP (NP (NP completion )NP (PP of (NP the IMA Holdings acquisition )NP )PP )NP (NP today )NP )NP )VP )S , (NP Moody 's )NP (VP said )VP . )S  STOP
(S (NP The ratings concern )NP (VP said (SBAR (SBAR (S (NP the acquisition )NP (VP should (VP result (PP in (NP (NP pretax losses )NP (PP from (NP operations )NP )PP )NP )PP (PP because of (NP (NP (NP increases )NP (PP in (NP interest expense )NP )PP )NP and (NP (NP charges )NP (PP for (NP depreciation and *UNK )NP )PP )NP )NP )PP )VP )VP )S )SBAR , but (SBAR that (S (NP it )NP (VP expects (S (NP the losses )NP (VP to (VP be (VP reduced (PP through (NP (NP productivity gains )NP and (NP (NP (ADJP above average )ADJP growth )NP (PP of (NP (NP the company 's )NP hospitals )NP )PP )NP )NP )PP )VP )VP )VP )S )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP Moody 's )NP (VP said (SBAR (S (NP the ratings )NP (VP anticipate (NP (NP a successful *UNK- program )NP and (NP (NP modest improvement )NP (PP in (NP discretionary cash flow )NP )PP (PP because of (NP planned asset sales )NP )PP )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Moody 's )NP changes )NP (VP affected (NP the following issues )NP )VP : )S  STOP
(FRAG (NP American Medical International )NP : (FRAG (FRAG (NP (NP *UNKC notes )NP , (NP *UNK- debentures )NP , (NP *UNKC notes )NP , (NP *UNKC )NP , (NP Swiss franc bonds )NP , (NP unsecured loan stock )NP )NP (PP to (ADJP *UNKC )ADJP )PP (PP from (ADJP *UNKC )ADJP )PP )FRAG ; (FRAG (NP (NP convertible subordinated debentures )NP , (NP notes )NP , and (NP *UNK- debentures )NP )NP (PP to (ADJP *UNK )ADJP )PP (PP from (ADJP *UNKC )ADJP )PP )FRAG )FRAG . )FRAG  STOP
(FRAG (NP American Medical International N.V. )NP : (FRAG (NP *UNKED *UNKC )NP (PP to (ADJP *UNKC )ADJP )PP (PP from (ADJP *UNKC )ADJP )PP )FRAG . )FRAG  STOP
(S (NP An American Medical spokeswoman )NP (VP said (SBAR (S (NP (NP the Moody 's )NP *UNKING )NP (VP was (VP expected (PP because of (NP (NP the nature )NP (PP of (NP the takeover )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Bay Financial Corp. )NP , (NP Boston )NP , (SBAR (WHNP which )WHNP (S (VP has (VP been (VP (VP reporting (NP big losses )NP )VP and (VP warning (PP of (NP a possible bankruptcy-law filing )NP )PP )VP )VP )VP )VP )S )SBAR , )NP (VP said (SBAR (S (NP it )NP (VP was (VP sued (PP by (NP a holder )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The real estate investment trust )NP (VP said (SBAR (S (NP the `` *UNKED class action suit )NP , '' (VP seeks `` (NP (NP damages )NP and (NP other *UNK )NP )NP (PP under (NP (NP federal securities law )NP and (NP state law )NP )NP )PP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP Gerald E. Wilson )NP , (NP (NP corporate secretary )NP and (NP legal counsel )NP )NP , )NP (VP said (SBAR (S (NP the company )NP (VP would n't (VP disclose (NP further details )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP declined (S (VP to (VP name (NP (NP the shareholder )NP , (NP (NP the *UNK 's )NP lawyer )NP or (NP (NP the court )NP (SBAR (WHADVP where )WHADVP (S (NP the lawsuit )NP (VP was (VP filed )VP )VP )S )SBAR )NP )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP Bay )NP , (SBAR (WHNP which )WHNP (S (VP has (NP (NP substantial investments )NP (PP in (NP the *UNKING Massachusetts market )NP )PP )NP )VP )S )SBAR , )NP (VP reported (NP (NP a loss )NP (PP of (NP (NP (QP $ 62 million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP for (NP (NP the fiscal year )NP (VP ended (NP June 30 )NP )VP )NP )PP )NP )VP . )S  STOP
(S (NP It )NP (VP has (VP said (SBAR (S (NP it )NP (VP might (VP seek (NP (NP *UNK- protection )NP (PP from (NP creditor lawsuits )NP )PP )NP (SBAR if (S (NP it )NP (VP ca n't (VP *UNK (NP its borrowings )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP , (NP Bay )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP down (NP 25 cents )NP )ADVP )VP . )S  STOP
(S (NP *UNKC A. Tucker )NP (VP was (VP named (S (NP (NP a director )NP (PP of (NP this insurance and financial services concern )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP (NP Mr. Tucker )NP , (ADJP (NP 44 years )NP old )ADJP , )NP (VP is (NP (NP (NP president )NP (PP of (NP (NP *UNKC Securities Corp. )NP )NP )PP )NP and (NP (NP senior vice president )NP (PP of (NP (NP *UNKC Inc. )NP )NP )PP )NP , (NP (NP (ADJP closely held )ADJP investment companies )NP (VP based (PP in (NP Miami )NP )PP )VP )NP )NP )VP . )S  STOP
(S (NP His selection )NP (VP increases (NP (NP the size )NP (PP of (NP the board )NP )PP )NP (PP to (NP 12 members )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (ADVP also )ADVP (VP said (SBAR that (S (NP (NP Samuel E. *UNKC Jr. )NP , (NP 37 )NP , (NP (NP vice president )NP and (NP general counsel )NP )NP , )NP (VP was (VP selected (S (VP to (VP serve (NP (NP the remainder )NP (PP of (NP (NP the term )NP (VP *UNKED (PP by (NP (NP John *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP resigned (PP as (NP director )NP )PP )VP )S )SBAR )NP )PP )VP )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Philip Morris Cos. )NP , (NP New York )NP , )NP (VP adopted (NP (NP a defense measure )NP (VP designed (S (VP to (VP make (S (NP a hostile takeover )NP (ADJP *UNKLY expensive )ADJP )S )VP )VP )S )VP )NP )VP . )S  STOP
(S (NP The giant foods , tobacco and brewing company )NP (VP said (SBAR (S (NP it )NP (VP will (VP issue (NP *UNK- purchase rights )NP (PP to (NP (NP shareholders )NP (PP of (NP record )NP )PP )NP )PP (NP Nov. 8 )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Under (NP certain circumstances )NP )PP , (NP the rights )NP (VP would (VP *UNK (S (NP Philip Morris holders )NP (VP to (VP buy (NP (NP shares )NP (PP of (NP either (NP the company )NP or (NP its *UNK )NP )NP )PP )NP (PP for (NP half price )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP The board )NP (VP is n't (ADJP aware (PP of (NP any attempts (S (VP to (VP take (PRT over )PRT (NP Philip Morris )NP )VP )VP )S )NP )PP )ADJP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (PP As (PP of (NP Sept. 30 )NP )PP )PP , (NP Philip Morris )NP (VP had (NP (NP (QP *UNKN million )QP shares )NP (ADJP outstanding )ADJP )NP )VP . )S  STOP
(S (PP In (NP (NP composite trading )NP (PP on (NP the New York Stock Exchange )NP )PP )NP )PP , (NP Philip Morris shares )NP (VP closed (NP yesterday )NP (PP at (NP (NP $ *UNKN )NP (NP each )NP )NP )PP , (ADVP down (NP $ 1 )NP )ADVP )VP . )S  STOP
(S (NP *UNKC S.A. )NP (VP said (SBAR that (S (NP it )NP (VP plans (S (VP to (VP sell (NP its remaining paper operations )NP (PP by (NP (NP the end )NP (PP of (NP January )NP )PP )NP )PP )VP )VP )S (PP as (NP (NP part )NP (PP of (NP a drive (S (VP to (VP (VP *UNK (PP on (NP the food sector )NP )PP )VP and (VP lower (NP its debt )NP )VP )VP )VP )S )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The French unit )NP (PP of (NP *UNKC *UNKC *UNKC )NP )PP )NP (ADVP also )ADVP (VP disclosed (NP (NP (NP a (ADJP 40 % )ADJP rise )NP (PP in (NP its consolidated net profit )NP )PP (PP for (NP (NP the first half )NP (PP of (NP 1989 )NP )PP )NP )PP )NP , (PP (PP excluding (NP *UNKING items )NP )PP and (PP after (NP (NP payments )NP (PP to (NP minority interests )NP )PP )NP )PP )PP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP the sale )NP (VP (VP will (VP be (VP done (PP in (NP two parts )NP )PP )VP )VP )VP and (VP will (VP raise (NP (NP a total )NP (PP of (NP (NP (QP *UNKN billion )QP francs )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP )PP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP This )NP (VP will (VP include (NP (NP the sale )NP (PP of (NP (NP its interest )NP (PP in (NP (NP the joint venture )NP (NP *UNKC *UNKC )NP )NP )PP )NP )PP (PP to (NP *UNKC AG )NP )PP )NP )VP )VP . )S  STOP
(S (NP The (ADJP West German )ADJP paper company )NP (VP entered (NP the venture )NP (PP in (NP April 1988 )NP )PP (SBAR by (S (VP acquiring (NP a (ADJP 50 % )ADJP stake )NP , (PP (ADVP also )ADVP from (NP *UNKC )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The other part )NP (PP of (NP the transaction )NP )PP )NP (VP will (VP see (S (NP *UNKC )NP (VP sell (NP (NP its (ADJP 50 % )ADJP stake )NP (PP in (NP its *UNKC paper affiliate )NP )PP )NP (PP to (NP (NP an unspecified unit )NP (PP of (NP (NP (NP the petrochemical group )NP (NP Montedison *UNKC . A. )NP )NP , (SBAR (WHNP which )WHNP (S (VP is (ADVP also )ADVP (VP controlled (PP by (NP *UNKC )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )S )VP )VP . )S  STOP
(S And (PP in (NP a separate transaction )NP )PP , (NP *UNKC )NP (VP will (VP sell (NP (NP its remaining (ADJP 25 % )ADJP interest )NP (PP in (NP (NP *UNKC )NP , (NP (NP a holding company )NP (PP for (NP international trading assets )NP )PP )NP , )NP )PP )NP (PP to (NP (NP an unspecified unit )NP (PP of (NP *UNKC )NP )PP )NP )PP (PP for (NP (QP *UNKN million )QP francs )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC AB )NP , (NP the Stockholm office supplies company )NP )NP , (SBAR as (FRAG (VP expected )VP )FRAG )SBAR , (VP proposed (S (VP to (VP acquire (NP (NP the 22 % )NP (SBAR (S (NP it )NP (VP does n't (VP own )VP )VP )S )SBAR (PP of (NP (NP its U.S. unit )NP , (NP *UNKC Business Systems Inc )NP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP The price )NP (PP in (NP the proposal )NP )PP )NP (VP is (NP (NP (NP $ *UNKN )NP (PP for (NP (NP each )NP (PP of (NP (NP the (QP 4.9 million )QP shares )NP (SBAR (S (NP the parent )NP (VP does n't (VP own )VP )VP )S )SBAR )NP )PP )NP )PP )NP , or (NP (QP $ *UNKN million )QP )NP )NP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP , (NP *UNKC )NP (VP closed (NP yesterday )NP (PP at (NP (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP , (ADVP up (NP $ 1 )NP )ADVP )VP . )S  STOP
(S (S (NP (NP A committee )NP (PP of (NP (NP outside directors )NP (PP for (NP the (NAC *UNKC City , N.Y. , )NAC unit )NP )PP )NP )PP )NP (VP is (VP *UNKING (NP the proposal )NP )VP )VP )S ; (S (NP the parent )NP (VP asked (NP it )NP (S (VP to (VP respond (PP by (NP Oct. 31 )NP )PP )VP )VP )S )VP )S . )S  STOP
(S (NP The unit )NP (VP said (SBAR (S (NP it )NP (VP can (VP provide (NP no *UNK (SBAR (S (NP a transaction )NP (VP will (VP occur )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC AB )NP (VP sold (NP the minority stake )NP (ADVP (NP five years )NP ago )ADVP (PP in (NP a (ADJP (QP $ 40 million )QP )ADJP international share offering )NP )PP )VP . )S  STOP
(S (NP (NP The unit )NP , (SBAR (WHNP which )WHNP (S (VP is (NP (NP the holding company )NP (PP for (NP (NP *UNKC 's )NP *UNK- units )NP )PP )NP )VP )S )SBAR , )NP (VP accounted (PP for (NP (NP (NP 58 % )NP (PP of (NP sales )NP )PP )NP and (NP (NP 71 % )NP (PP of (NP operating profit )NP )PP )NP )NP )PP (NP last year )NP )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP Esselte Business Systems )NP (VP reported (SBAR (S (NP third-quarter net income )NP (VP fell (NP 5.9 % )NP (PP to (NP (NP (QP $ 9.5 million )QP )NP , or (NP (NP 46 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 49 cents )NP (NP a share )NP )NP , )NP )PP (PP in (NP the year-ago period )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Sales )NP (VP rose (NP 2.9 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP House and Senate *UNK )NP (VP agreed (S (VP (VP to (VP continue (NP (NP production )NP (PP of (NP (NP Grumman Corp. 's )NP *UNKC )NP )PP )NP )VP )VP and (VP to (VP provide (NP (NP (QP more than $ 3.8 billion )QP )NP (PP for (NP the *UNKC Defense *UNKC )NP )PP )NP )VP )VP (PP during (NP the current fiscal year )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP Industry officials )NP and (NP congressional aides )NP )NP (VP said (SBAR that (S (NP (NP the main points )NP (PP of (NP (NP a compromise defense authorization bill )NP , (VP *UNKED (PRT out )PRT (PP during (NP (NP a *UNK )NP (PP of (NP private meetings )NP )PP )NP )PP (PP over (NP the past few days )NP )PP )VP , )NP )PP )NP (VP provide (NP (NP a *UNKING compromise )NP (PP for (NP both (NP the White House )NP and (NP House Democrats )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Although (S (NP *UNK )NP (VP are (ADVP still )ADVP (VP putting (NP the finishing *UNK )NP (PP on (NP the package )NP )PP )VP )VP )S )SBAR , (NP the final agreement )NP (VP could (VP be (VP announced (ADVP (ADVP as early )ADVP (PP as (NP tomorrow )NP )PP )ADVP )VP )VP )VP . )S  STOP
(S (NP An announcement )NP (VP is (ADJP more likely )ADJP (NP next week )NP , (ADVP though )ADVP )VP . )S  STOP
(S (NP (NP President Bush )NP and (NP (NP other supporters )NP (PP of (NP SDI )NP )PP )NP )NP (VP will (VP be (ADJP able (S (VP to (VP take (NP credit )NP (PP for (S (VP blocking (NP House efforts (S (VP to (ADVP significantly )ADVP (VP cut (NP (NP the program (S (VP to (VP develop (NP a *UNKED *UNK system )NP )VP )VP )S )NP , (SBAR (WHNP which )WHNP (S (ADVP already )ADVP (VP has (VP cost (NP (QP some $ 17 billion )QP )NP )VP )VP )S )SBAR )NP )VP )VP )S )NP )VP )S )PP )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (NP (NP (NP Senate *UNKED Services Committee Chairman Sam *UNKC )NP (PRN -LRB- (NP (NP D. )NP , (NP *UNK . )NP )NP -RRB- )PRN )NP and (NP other Senate *UNK )NP )NP (VP have (VP opposed (NP the House cuts )NP , (S (VP *UNKING (PP for (NP almost two months )NP )PP (NP (NP action )NP (PP on (NP (NP a number )NP (PP of (NP (NP *UNK- items )NP (PP in (NP (NP the Pentagon 's )NP budget )NP )PP )NP )PP )NP )PP )NP )VP )S )VP )VP . )S  STOP
(S (S (NP The Senate )NP (VP voted (S (VP to (VP *UNK (NP (NP (QP $ 4.5 billion )QP )NP (PP for (NP SDI spending )NP )PP (PP in (NP the current fiscal year )NP )PP )NP )VP )VP )S )VP )S , but (S (NP the House )NP , (S (VP reflecting (NP (NP a dramatic *UNK )NP (PP of (NP (NP support )NP (PP for (NP the program )NP )PP )NP )PP )NP )VP )S , (VP *UNKED (NP only (QP $ 3.1 billion )QP )NP )VP )S . )S  STOP
(S (PP Despite (NP (NP the *UNKING gap )NP (PP between (NP the two sides )NP )PP )NP )PP , (NP conferees )NP (ADVP eventually )ADVP (VP followed (NP (NP the pattern )NP (VP set (PP in (NP previous years )NP )PP )VP )NP (PP by (S (VP *UNKING (S (VP to (ADVP roughly )ADVP (VP split (NP the difference )NP )VP )VP )S )VP )S )PP )VP . )S  STOP
(S (NP That )NP (VP would (VP hold (NP (NP spending )NP (PP on (NP the program )NP )PP )NP (PP at (NP about (NP the previous year 's )NP level )NP )PP )VP )VP . )S  STOP
(S (NP The decision (S (VP to (VP keep (S (NP (NP the *UNKED *UNKC 's )NP production line )NP (VP running (PP for (NP (QP at least )QP another year )NP )PP )VP )S )VP )VP )S )NP (VP is (NP (NP an important victory )NP (PP (PP for (NP the House )NP )PP , and (PP (ADVP especially )ADVP for (NP (NP Rep. *UNKC *UNKC )NP (PRN -LRB- (NP (NP D. )NP , (NP *UNKC . )NP )NP -RRB- )PRN )NP )PP )PP )NP )VP . )S  STOP
(S (PP As (NP (NP the head )NP (PP of (NP the House conferees )NP )PP )NP )PP , (NP Rep. *UNKC )NP (VP has (VP been (PP under (NP (NP intense pressure )NP (PP from (NP his colleagues )NP )PP (S (VP to (VP reject (NP (NP Senate provisions )NP (SBAR (WHNP that )WHNP (S (VP would (VP have (ADVP *UNKLY )ADVP (VP cut (NP further *UNKC production )NP )VP )VP )VP )S )SBAR )NP )VP )VP )S )NP )PP )VP )VP . )S  STOP
(S (NP The package )NP `` (VP provides (NP a temporary , golden *UNK )NP (PP for (NP Grumman )NP )PP , '' (PP according (PP to (NP (NP one congressional aide )NP (ADJP familiar (PP with (NP the *UNK- bargaining )NP )PP )ADJP )NP )PP )PP )VP . )S  STOP
(S But (PP as (NP (NP part )NP (PP of (NP the overall agreement )NP )PP )NP )PP , (NP (NP Grumman )NP and (NP (NP its *UNK supporters )NP (PP on (NP Capitol Hill )NP )PP )NP )NP (ADVP effectively )ADVP (VP will (VP be (VP *UNKED (PP from (S (VP *UNKING (NP the emotional issue )NP (PP in (NP (NP the debate )NP (PP over (NP (NP next year 's )NP budget )NP )PP )NP )PP )VP )S )PP )VP )VP )VP . )S  STOP
(S (NP (NP Defense Secretary Dick Cheney )NP and (NP most senators )NP )NP (VP contend (SBAR that (S (NP (NP the Navy 's )NP *UNKC )NP (VP is (ADJP too expensive )ADJP (PP in (NP (NP an era )NP (PP of (NP *UNKING Pentagon budgets )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S But (NP the plane )NP (VP boasts (NP (NP a strong core )NP (PP of (NP support )NP )PP (PP in (NP (NP the House )NP , (SBAR (WHADVP where )WHADVP (S (NP members )NP (VP (VP are (ADJP intent (PP on (S (VP saving (NP Grumman jobs )NP )VP )S )PP )ADJP )VP and (VP are (ADJP worried (PP about (NP (NP potential *UNK )NP (PP of (NP *UNKED aircraft )NP )PP (PP by (NP the late 1990s )NP )PP )NP )PP )ADJP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC )NP (ADVP also )ADVP (VP agreed (PP to (NP Pentagon requests (S (VP to (VP *UNK (NP (NP a total )NP (PP of (NP (QP nearly $ 1 billion )QP )NP )PP )NP (PP for (NP (NP work )NP (PP on (NP both *UNK *UNK and *UNKC nuclear missiles )NP )PP )NP )PP )VP )VP )S )NP )PP , (PP according (PP to (NP congressional aides )NP )PP )PP )VP . )S  STOP
(S And (NP lawmakers )NP (VP are (VP putting (NP the finishing *UNK )NP (PP on (NP (NP a compromise )NP (SBAR (WHNP that )WHNP (S (VP would (VP give (NP the Air Force )NP (NP (NP nearly all )NP (PP of (NP (NP the (QP $ 2.4 billion )QP )NP (SBAR (S (NP it )NP (VP wants (PP for (NP (NP production )NP (PP of (NP (NP (NP Northrop Corp. 's )NP *UNKING *UNKC *UNK )NP , (SBAR (WHNP which )WHNP (S (VP cost (NP (NP (QP $ *UNKN million )QP )NP (NP apiece )NP )NP )VP )S )SBAR )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (S (NP The final *UNKC agreement )NP (VP is (ADJP certain (S (VP to (VP require (NP (NP detailed testing and *UNK )NP (PP of (NP (NP the *UNK 's )NP *UNK )NP )PP )NP )VP )VP )S )ADJP )VP )S , but (S (NP congressional aides )NP (VP said (SBAR (S (NP the accord )NP (VP wo n't (VP include (NP (NP a *UNKED provision )NP (SBAR (WHNP that )WHNP (S (VP would (VP have (VP *UNK (NP production funds )NP (SBAR until (S (NP Congress )NP (VP *UNK (NP (NP a cheaper , *UNK- version )NP (PP of (NP (NP (NP the (ADJP (QP $ 70 billion )QP )ADJP fleet )NP (PP of (NP *UNKN *UNKC )NP )PP )NP (VP *UNKED (PP by (NP the Pentagon )NP )PP )VP )NP )PP )NP )VP )S )SBAR )VP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP Consolidated *UNKC Inc. )NP (VP reported (NP (NP a (ADJP 77 % )ADJP drop )NP (PP in (NP third-quarter net income )NP )PP )NP , (S (VP citing (NP (NP expected losses )NP (PP in (NP its *UNKC *UNKC shipping business )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP The (NAC *UNKC Park , Calif. , )NAC company )NP (VP said (SBAR (S (NP net )NP (VP was (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 22 cents )NP (NP a share )NP )NP )NP , (ADVP down (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 86 cents )NP (NP a share )NP )NP , (ADVP (NP a year )NP ago )ADVP )NP )PP )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP Revenue )NP (VP totaled (NP (NP (QP $ *UNKN billion )QP )NP , (NP (NP (NP a (ADJP 43 % )ADJP increase )NP (PP from (NP (QP $ *UNKN million )QP )NP )PP )NP )NP )NP , (S (VP reflecting (NP (NP (NP (NP the company 's )NP acquisition )NP (PP of (NP *UNKC )NP )PP )NP (NP earlier this year )NP )NP )VP )S )VP . )S  STOP
(S (S (NP Profit )NP (ADVP also )ADVP (VP suffered (PP because of (NP (NP `` intense '' discounting )NP (PP in (NP its *UNK- *UNKING business )NP )PP )NP )PP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (S (NP Analysts )NP (VP had (VP expected (S (NP Consolidated )NP (VP to (VP post (NP a *UNK profit )NP )VP )VP )S )VP )VP )S , and (S (NP (NP the company 's )NP stock )NP (VP was (ADVP down (NP (QP only 25 )QP cents )NP (PP to (NP $ *UNKN )NP )PP )ADVP (PP in (NP New York Stock Exchange composite trading )NP )PP (NP yesterday )NP )VP )S . )S  STOP
(SINV `` (S (NP They )NP (VP have (S (VP to (VP continue (S (VP to (VP *UNK (NP their *UNK )NP )VP )VP )S )VP )VP )S )VP )S , '' (VP said )VP (NP (NP Craig *UNKC )NP , (NP (NP an analyst )NP (PP at (NP Goldman , Sachs & Co )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP (NP A round )NP (PP of (NP *UNKED program selling )NP )PP )NP (PP near (NP the close )NP )PP )NP (VP sent (NP the stock market )NP (ADVP lower )ADVP (PP in (NP (ADJP otherwise *UNK )ADJP trading )NP )PP )VP . )S  STOP
(S (NP *UNKC (SBAR that (S (NP the market )NP (VP has n't (VP seen (NP (NP the last )NP (PP of (NP its recent volatility )NP )PP )NP )VP )VP )S )SBAR )NP (VP kept (S (NP trading )NP (PP at (NP a moderate pace )NP )PP )S , (SBAR as (SINV did (NP (NP anticipation )NP (PP of (NP (NP a report )NP (PP on (NP (NP the economy 's )NP third-quarter performance )NP )PP )NP )PP )NP )SINV )SBAR )VP . )S  STOP
(S (NP (NP The Dow Jones Industrial Average )NP , (SBAR (WHNP which )WHNP (S (VP (VP plunged (NP (QP more than 80 )QP points )NP (PP in (NP early trading )NP )PP (NP Tuesday )NP )VP and (ADVP then )ADVP (VP recovered (NP (NP nearly all )NP (PP of (NP its losses )NP )PP )NP (PP by (NP the close )NP )PP )VP )VP )S )SBAR , )NP (VP fell (NP *UNKN )NP (PP to (NP *UNKN )NP )PP (PP in (NP the latest session )NP )PP )VP . )S  STOP
(S (NP The average )NP (VP *UNKED (PP in (NP (NP a trading range )NP (PP of (NP (QP about 30 )QP points )NP )PP )NP )PP (PP throughout (NP the day )NP )PP )VP . )S  STOP
(S (S (NP The lower *UNK )NP (VP was (VP established (PP (ADVP just )ADVP after (NP the opening )NP )PP (PP in (NP (NP a brief round )NP (PP of (NP selling )NP )PP )NP )PP )VP )VP )S ; (S (NP the upper *UNK )NP (VP was (VP set (PP at (NP *UNK )NP )PP (SBAR as (S (NP *UNKED *UNKING )NP (VP pushed (NP prices )NP (ADVP higher )ADVP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (NP (NP Buying interest )NP (PP in (NP (NP (NP Du Pont )NP , (SBAR (WHNP which )WHNP (S (VP declared (NP (NP a stock split )NP and (NP a dividend boost )NP )NP )VP )S )SBAR , )NP and (NP certain other blue-chip issues )NP )NP )PP )NP (VP gave (NP the industrial average )NP (NP (NP a better performance )NP (PP than (NP broader indexes )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP Standard & Poor 's )NP *UNK- Index )NP (VP dropped (NP 1.20 )NP (PP to (NP *UNKN )NP )PP )VP )S ; (S (NP the decline )NP (VP was (NP (NP the equivalent )NP (PP of (NP (NP a *UNK- setback )NP (PP in (NP the *UNK- average )NP )PP )NP )PP )NP )VP )S . )S  STOP
(S (S (NP The Dow Jones Equity Market Index )NP (VP fell (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )VP )S and (S (NP the New York Stock Exchange Composite Index )NP (VP slid (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )VP )S . )S  STOP
(S But (NP *UNKING issues )NP (VP topped (NP decliners )NP (PP by (NP (NP *UNKN )NP (PP to (NP 700 )NP )PP )NP )PP (PP on (NP the Big Board )NP )PP (PP despite (NP (NP the late sell programs )NP , (VP resulting (PP from (NP stock-index arbitrage )NP )PP )VP )NP )PP )VP . )S  STOP
(S (NP The programs )NP (VP occurred (PP against (NP (NP the *UNK )NP (PP of (NP (NP a late *UNK )NP (PP in (NP (NP UAL )NP , (SBAR (WHNP which )WHNP (S (VP had (VP held (PP at (NP (ADJP slightly lower )ADJP levels )NP )PP (PP through (NP (NP most )NP (PP of (NP the session )NP )PP )NP )PP (PP amid (NP *UNK (SBAR that (S (NP another bidder )NP (VP might (VP surface )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP Traders )NP (VP said (SBAR (S (NP program activity )NP (VP was n't (PP in (NP evidence )NP )PP (PP through (NP (NP most )NP (PP of (NP the session )NP )PP )NP )PP , (ADVP however )ADVP )VP )S )SBAR )VP )S , and (S (NP Big Board volume )NP (VP dropped (PP to (NP *UNKN shares )NP )PP (PP from (NP about *UNKN million )NP (NP Tuesday )NP )PP (SBAR as (S (NP (NP concerns )NP (PP about (NP (NP the potential )NP (PP for (NP (NP additional sharp swings )NP (PP in (NP the market )NP )PP )NP )PP )NP )PP )NP (VP kept (S (NP other trading )NP (PP in (NP check )NP )PP )S )VP )S )SBAR )VP )S . )S  STOP
(S `` (NP People )NP (VP are (ADJP (ADVP sort of )ADVP nervous (S (VP to (VP do (NP anything )NP (PP in (NP the market )NP )PP (ADVP now )ADVP )VP )VP )S )ADJP )VP . )S  STOP
(SINV (S (NP Our phones )NP (VP are (ADJP quiet )ADJP (PP around (ADVP here )ADVP )PP )VP )S , '' (VP said )VP (NP (NP Don R. *UNKC )NP , (NP (NP (NP director )NP (PP of (NP investment strategy )NP )PP )NP (PP at (NP (NP *UNKC First *UNKC & *UNKC Inc. )NP , (NP Richmond , Va )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP The gross national product report )NP , (ADJP due (S (VP to (VP be (VP released (PP before (NP (NP today 's )NP opening )NP )PP )VP )VP )VP )S )ADJP , )NP (VP is (VP expected (S (VP to (VP show (SBAR that (S (NP the economy )NP (VP continued (S (VP to (VP expand (PP in (NP the third quarter )NP )PP (PP at (NP a moderate pace )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The consensus )NP (PP of (NP (NP economists )NP (VP polled (PP by (NP Dow Jones Capital Markets Report )NP )PP )VP )NP )PP )NP (VP calls (PP for (NP (NP a (ADJP 2.5 % )ADJP annual growth rate )NP (PP for (NP GNP )NP )PP (PP during (NP the quarter )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Du Pont )NP , (SBAR (WHNP which )WHNP (S (VP (VP announced (NP (NP plans )NP (PP for (NP a *UNKN stock split )NP )PP )NP )VP and (VP raised (NP its quarterly dividend )NP (PP by (NP 14 % )NP )PP )VP )VP )S )SBAR , )NP (VP jumped (NP 2 1\/2 )NP (PP to (NP (QP *UNKN 3\/8 )QP )NP )PP )VP . )S  STOP
(S (NP The company )NP (ADVP also )ADVP (VP posted (NP (NP third-quarter earnings )NP (SBAR (WHNP that )WHNP (S (VP were (PP in (NP (NP line )NP (PP with (NP (NP analysts ' )NP forecasts )NP )PP )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP *UNKC consumer stocks )NP (ADVP also )ADVP (VP provided (NP a lift )NP (PP to (NP the industrial average )NP )PP )VP . )S  STOP
(S (S (NP American Telephone & Telegraph )NP (VP rose (NP 3\/8 )NP (PP to (NP (QP 43 1\/2 )QP )NP )PP (PP in (NP (NP Big Board composite trading )NP (PP of (NP (QP 1.5 million )QP shares )NP )PP )NP )PP )VP )S , (S (NP Chevron )NP (VP advanced (NP 1 3\/4 )NP (PP to (NP 66 5\/8 )NP )PP (PP on (NP (QP 2.3 million )QP shares )NP )PP )VP )S , (S (NP *UNKC )NP (VP rose (NP 1 )NP (PP to (NP (QP 58 5\/8 )QP )NP )PP )VP )S , (S (NP Coca-Cola Co. )NP (VP gained (NP 5\/8 )NP (PP to (NP 72 1\/2 )NP )PP )VP )S and (S (NP Eastman Kodak )NP (VP added (NP 3\/8 )NP (PP to (NP (QP 44 1\/2 )QP )NP )PP )VP )S . )S  STOP
(S But (NP General Motors )NP (VP dropped (NP (QP 1 7\/8 )QP )NP (PP to (NP (QP 44 7\/8 )QP )NP )PP )VP . )S  STOP
(S (NP Its GM Hughes Electronics and financial-services units )NP both (VP reported (SBAR that (S (NP third-quarter earnings )NP (VP were (ADVP down (PP from (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP plunged (NP (QP 4 3\/8 )QP )NP (PP to (NP 38 1\/2 )NP )PP (PP on (NP (QP 3.5 million )QP shares )NP )PP )VP . )S  STOP
(S (S (NP Its third-quarter earnings )NP (VP were (ADJP (ADJP lower )ADJP (SBAR than (S (NP analysts )NP (VP had (VP forecast )VP )VP )S )SBAR )ADJP )VP )S , and (S (NP the company )NP (VP said (SBAR (S (NP it )NP (VP had (VP lowered (NP (NP its projections )NP (PP for (NP (NP earnings growth )NP (PP through (NP (NP the end )NP (PP of (NP 1990 )NP )PP )NP )PP )NP )PP )NP (PP because of (NP planned price cuts )NP )PP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP *UNKC )NP (VP fell (NP (QP 3 1\/8 )QP )NP (PP to (NP (QP 59 5\/8 )QP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP with (NP (NP (NP the company 's )NP earnings )NP (PP for (NP the quarter )NP )PP )NP )PP )NP (VP led (S (NP Prudential-Bache Securities )NP (VP to (VP reduce (NP its 1989 and 1990 earnings estimates )NP )VP )VP )S , (PP according (PP to (NP Dow Jones Professional Investor Report )NP )PP )PP )VP . )S  STOP
(S (NP (NP Computer Associates International )NP , (NP the (ADJP most active )ADJP Big Board issue )NP , )NP (VP was (NP (NP another victim )NP (PP of (NP an *UNKED sell-off )NP )PP )NP )VP . )S  STOP
(S (NP The stock )NP (VP fell (NP 3\/4 )NP (PP to (NP (QP 12 7\/8 )QP )NP )PP (SBAR as (S (NP (QP 3.6 million )QP shares )NP (VP were (VP traded (PP in (NP (NP the wake )NP (PP of (NP its report (SBAR that (S (NP (ADJP fiscal second-quarter )ADJP net income )NP (VP fell (NP 66 % )NP (PP from (ADVP (NP a year )NP ago )ADVP )PP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Insurance stocks )NP (VP moved (ADVP higher )ADVP (PP in (NP (NP the wake )NP (PP of (NP (NP (NP a strong third-quarter earnings report )NP (PP from (NP *UNKC )NP )PP )NP , (VP coming (PP on (NP (NP the heels )NP (PP of (NP speculation (SBAR that (S (NP (NP (NP last week 's )NP devastating earthquake )NP (PP in (NP the San Francisco area )NP )PP )NP (VP would (VP lead (PP to (NP higher premium rates )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (SBAR (WHNP (NP whose net income )NP (PP for (NP the quarter )NP )PP )WHNP (S (VP exceeded (NP (NP most analysts ' )NP expectations )NP )VP )S )SBAR , )NP (VP rallied (NP (QP 3 3\/4 )QP )NP (PP to (NP (QP 86 1\/2 )QP )NP )PP )VP . )S  STOP
(S (S (NP Aetna Life & Casualty )NP (VP gained (NP (QP 1 3\/8 )QP )NP (PP to (NP (QP 61 1\/8 )QP )NP )PP )VP )S , (S (NP *UNKC )NP (VP advanced (NP 7\/8 )NP (PP to (NP (QP 64 3\/4 )QP )NP )PP )VP )S , (S (NP *UNKC )NP (VP added (NP 1\/2 )NP (PP to (NP (QP 40 3\/8 )QP )NP )PP )VP )S and (S (NP American International Group )NP (VP rose (NP (QP 3 1\/8 )QP )NP (PP to (NP (QP 107 3\/4 )QP )NP )PP )VP )S . )S  STOP
(S (NP Comprehensive Care )NP (VP plunged (NP (QP 4 3\/4 )QP )NP (PP to (NP (QP 3 5\/8 )QP )NP )PP (PP on (NP (QP 1.2 million )QP shares )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP (VP reported (NP a third-quarter loss )NP )VP and (VP said (SBAR (S (NP it )NP (VP is (VP holding (NP talks )NP (PP with (NP its bank lenders )NP )PP (PP for (NP (NP an extension )NP (PP on (NP some overdue debt payments )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP TW Services )NP (VP dropped (NP (QP 1 1\/4 )QP )NP (PP to (NP (QP 31 1\/4 )QP )NP )PP (PP following (NP (NP the *UNK )NP (PP of (NP (NP a (ADJP (QP $ 1.4 billion )QP )ADJP junk-bond offering )NP (SBAR (WHNP that )WHNP (S (VP would (VP have (VP permitted (S (NP Coniston Partners )NP (VP to (VP complete (NP (NP its takeover )NP (PP of (NP the company )NP )PP )NP )VP )VP )S )VP )VP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP Coniston )NP (VP said (SBAR (S (NP it )NP (VP would (VP pursue `` (NP various financing alternatives )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP UAL stock )NP (VP declined (PP by (NP 9 )NP )PP (PP to (NP *UNKN )NP )PP (SBAR after (S (NP nobody )NP (VP surfaced (S (VP to (VP claim (NP credit )NP (PP for (NP (NP aggressive buying )NP (NP Tuesday )NP (PP by (NP Bear Stearns )NP )PP (SBAR (WHNP that )WHNP (S (VP sent (NP UAL stock )NP (ADVP up (NP 35 points )NP )ADVP (PP in (NP (NP a matter )NP (PP of (NP hours )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP Tuesday 's )NP rumored buyer )NP , (NP Coniston Partners )NP , )NP (VP would n't (VP comment (PP on (NP speculation (SBAR that (S (NP (NP Coniston )NP , (SBAR (WHNP which )WHNP (S (VP *UNKED (NP the UAL board )NP (PP in (NP 1987 )NP )PP )VP )S )SBAR , )NP (VP might (VP challenge (NP (NP (NP the board 's )NP decision )NP (NP Monday )NP (S (VP to (VP remain (ADJP independent )ADJP )VP )VP )S )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP Other airline stocks )NP (VP were (ADJP mixed )ADJP )VP . )S  STOP
(S (S (NP (NP AMR )NP , (SBAR (WHNP which )WHNP (S (VP owns (NP American Airlines )NP )VP )S )SBAR , )NP (VP rose (NP (QP 3 3\/8 )QP )NP (PP to (NP (QP 72 1\/4 )QP )NP )PP )VP )S ; (S (NP USAir Group )NP (VP fell (NP (QP 1 1\/2 )QP )NP (PP to (NP (QP 38 5\/8 )QP )NP )PP )VP )S , and (S (NP Delta Air Lines )NP (VP rose (NP 1\/2 )NP (PP to (NP (QP 66 1\/2 )QP )NP )PP (PP after (S (VP posting (NP (NP higher earnings )NP (PP for (NP the September quarter )NP )PP )NP )VP )S )PP )VP )S . )S  STOP
(S (NP (NP Stocks )NP (SBAR (WHNP that )WHNP (S (ADVP reportedly )ADVP (VP benefited (NP Tuesday )NP (PP from (NP (NP a Japanese buy program )NP (VP handled (PP by (NP PaineWebber )NP )PP )VP )NP )PP )VP )S )SBAR )NP (VP gave (ADVP back )ADVP (NP (NP some )NP (PP of (NP their gains )NP )PP )NP )VP . )S  STOP
(S (S (NP Procter & Gamble )NP (VP went (ADVP down )ADVP (NP (QP 3 1\/2 )QP )NP (PP to (NP 130 )NP )PP )VP )S , (S (NP Dow Jones )NP (VP fell (NP (QP 3 1\/2 )QP )NP (PP to (NP (QP 37 1\/2 )QP )NP )PP )VP )S and (S (NP *UNKC International )NP (VP dropped (NP (QP 2 1\/8 )QP )NP (PP to (NP 25 )NP )PP )VP )S . )S  STOP
(S (ADVP However )ADVP , (NP Atlantic *UNKC )NP (VP (VP *UNKED (NP (NP its *UNK advance )NP (PP in (NP the previous session )NP )PP )NP )VP and (VP added (NP 1\/8 )NP (PP to (NP (QP 103 7\/8 )QP )NP )PP )VP )VP . )S  STOP
(S (NP General Mills )NP (VP gained (NP 2 1\/4 )NP (PP to (NP (QP 72 7\/8 )QP )NP )PP )VP . )S  STOP
(S (NP Goldman Sachs )NP (VP (VP placed (NP the stock )NP (PP (ADVP back )ADVP on (NP (NP its list )NP (PP of (NP recommended issues )NP )PP )NP )PP )VP , (VP raised (NP its 1990 earnings estimate )NP )VP and (VP recommended (SBAR that (S (NP its clients )NP (VP shift (NP funds )NP (PP from (NP Kellogg )NP )PP (PP to (NP General Mills )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Kellogg )NP (VP dropped (NP (QP 1 3\/4 )QP )NP (PP to (NP (QP 73 1\/4 )QP )NP )PP )VP . )S  STOP
(S (NP Manville )NP (VP advanced (NP 3\/4 )NP (PP to (NP 10 )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP offered (S (VP to (VP purchase (NP (NP (QP $ 500 million )QP )NP (PP of (NP convertible preferred stock )NP )PP )NP (PP from (NP (NP the trust )NP (SBAR (WHNP that )WHNP (S (VP handles (NP (NP its payments )NP (PP to (NP asbestos victims )NP )PP )NP )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP *UNK *UNKC )NP (VP gained (NP 1 )NP (PP to (NP (QP 30 3\/4 )QP )NP )PP (SBAR after (S (NP the company )NP (VP said (SBAR (S (NP it )NP (VP is (VP starting (NP (NP negotiations )NP (PP with (NP (NP *UNKED parties )NP (ADJP interested (PP in (S (VP acquiring (NP its units )NP )VP )S )PP )ADJP )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Investor Arthur Goldberg )NP (VP is (VP pursuing (NP a (ADJP $ *UNK- )ADJP takeover offer )NP )VP )VP . )S  STOP
(S (NP Esselte Business Systems )NP (VP rose (NP 1 )NP (PP to (NP (QP 43 1\/2 )QP )NP )PP )VP . )S  STOP
(S (NP (NP Esselte AB )NP (PP of (NP Sweden )NP )PP )NP (VP offered (NP (NP $ *UNKN )NP (NP a share )NP )NP (PP for (NP (NP (NP the 22 % )NP (PP of (NP the company )NP )PP )NP (SBAR (S (NP it )NP (VP does n't (ADVP already )ADVP (VP own )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP Public Service )NP (PP of (NP New Hampshire )NP )PP )NP (VP went (ADVP up )ADVP (NP 3\/8 )NP (PP to (NP 4 )NP )PP )VP . )S  STOP
(S (NP Northeast Utilities )NP (VP boosted (NP its offer (S (VP to (VP acquire (NP the company )NP )VP )VP )S )NP (PP by (NP (QP $ 400 million )QP )NP )PP , (PP to (NP (QP $ 2.25 billion )QP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP (VP declared (NP a *UNKN stock split )NP )VP and (VP boosted (NP its quarterly dividend )NP (PP by (NP 14 % )NP )PP )VP )VP )S )SBAR , )NP (VP added (NP 7\/8 )NP (PP to (NP (QP 49 3\/8 )QP )NP )PP )VP . )S  STOP
(S (ADVP Also )ADVP , (NP the company )NP (VP posted (NP improved third-quarter earnings )NP )VP . )S  STOP
(S (NP The American Stock Exchange Market Value Index )NP (VP fell (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP Volume )NP (VP totaled (NP *UNKN shares )NP )VP . )S  STOP
(S (NP *UNKC *UNKC Partners )NP (VP lost (NP (QP 5 1\/4 )QP )NP (PP to (NP 14 1\/8 )NP )PP )VP . )S  STOP
(S (NP (NP The partnership )NP , (SBAR (WHNP which )WHNP (S (VP had (VP *UNKED (NP takeover offers )NP )VP )VP )S )SBAR , )NP (VP said (SBAR (S (NP it )NP (VP (VP failed (S (VP to (VP receive (NP (NP any adequate bids )NP (PP for (NP (NP all )NP (PP of (NP its operations )NP )PP )NP )PP )NP )VP )VP )S )VP but (VP is (VP reviewing (NP (NP offers )NP (PP for (NP individual properties )NP )PP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Japan )NP (VP is (VP going (PP on (NP (NP a *UNKING *UNK )NP (SBAR (WHNP that )WHNP (S (VP could (VP make (S (NP its trade *UNK )NP (ADJP even harder (SBAR (S (VP to (VP shrink )VP )VP )S )SBAR )ADJP )S )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (S (NP Its capital spending )NP (VP is (VP growing (PP at (NP *UNK- rates )NP )PP (PP for (NP (NP the second year )NP (PP in (NP a row )NP )PP )NP )PP )VP )VP )S , and (S (NP (NP its *UNK producers )NP (PP of (NP (NP everything )NP (PP (PP from (NP cars )NP )PP (PP to (NP computer chips )NP )PP )PP )NP )PP )NP (VP are (VP rushing (S (VP to (VP (VP expand (NP capacity )NP )VP , (VP modernize (NP factories )NP )VP and (VP develop (NP new products )NP )VP )VP )VP )S )VP )VP )S . )S  STOP
(S `` (NP The boom )NP (VP 's (ADJP so huge (PRN , '' (SINV (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP an economist )NP (PP at (NP *UNKC Research Institute )NP )PP )NP )NP )SINV , `` )PRN (SBAR (S (NP it )NP (VP makes (S (NP you )NP (VP think (PP of (NP (NP the Golden *UNK )NP , '' (SBAR (WHADVP when )WHADVP (S (NP Japan )NP (VP developed (ADVP rapidly )ADVP )VP )S )SBAR )NP )PP )VP )S )VP )S )SBAR )ADJP )VP . )S  STOP
(S (SBAR (X The more factories and *UNK )X (S (NP Japanese manufacturers )NP (VP add )VP )S )SBAR , (S (X the more )X (NP they )NP (VP will (VP be (ADJP able (S (VP to (VP export )VP )VP )S )ADJP )VP )VP )S , and (S (X the less )X (NP their domestic customers )NP (VP will (VP need (S (VP to (VP import )VP )VP )S )VP )VP )S . )S  STOP
(S (S (PP At (NP *UNKC Inc. )NP )PP , (PP for (NP example )NP )PP , (NP sales )NP (VP are (ADVP up (NP (QP nearly 20 )QP % )NP )ADVP (NP this year )NP )VP )S ; so , (S (S (NP (NP the maker )NP (PP of (NP (NP *UNK )NP and (NP computer *UNK )NP )NP )PP )NP (VP is (VP doing (SBAR (WHNP what )WHNP (S (NP any Japanese company )NP (VP would (VP do (PP under (NP the circumstances )NP )PP )VP )VP )S )SBAR )VP )VP )S : (S (NP It )NP (VP is (VP increasing (NP capital spending )NP -- (PP by (NP 60 % )NP )PP )VP )VP )S )S . )S  STOP
(S (NP It )NP (VP is (VP building , (PP among (NP other things )NP )PP , (NP (NP a new *UNK- factory )NP (PP in (NP western Japan )NP )PP (SBAR (WHNP that )WHNP (S (VP can (VP produce (NP (QP up to 150,000 )QP *UNK )NP (NP next year )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP (QP Some 70 )QP % )NP (PP of (NP them )NP )PP )NP (VP are (S (VP to (VP be (VP *UNKED (PP to (NP the U.S. )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP (NP Even companies )NP (PP in (NP (NP *UNK industries )NP (VP *UNKING (PP with (NP world-wide overcapacity )NP )PP )VP )NP )PP )NP (VP are (VP joining (NP the boom )NP )VP )VP . )S  STOP
(S (NP (NP Japan 's )NP steelmakers )NP (VP are (VP raising (NP capital spending )NP (NP 22 % )NP (NP this year )NP (PP to (NP (QP $ 4.8 billion )QP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Hitachi *UNKC Corp. )NP , (NP (NP a *UNK )NP (VP *UNKED (PP in (NP debt )NP )PP (ADVP (NP just a few years )NP ago )ADVP )VP )NP , )NP (VP will (VP build (NP (NP a machinery plant )NP , (NP (NP its first expansion )NP (PP in (NP 14 years )NP )PP )NP )NP )VP )VP . )S  STOP
(SINV (ADJP So big )ADJP (VP is )VP (NP the *UNKING boom )NP (SBAR that (S (NP (NP (NP Japanese companies ' )NP outlays )NP (PP in (NP Japan )NP )PP )NP (VP topped (NP (NP American companies ' )NP domestic outlays )NP (PP by (NP (QP $ *UNKN billion to $ *UNKN billion )QP )NP )PP (PP in (NP (NP the 12 months )NP (VP ended (NP March 31 )NP )VP )NP )PP (SBAR even though (S (NP (NP (NP Japan 's )NP total output )NP (PP of (NP goods and services )NP )PP )NP (VP is (NP (QP less than two-thirds )QP (NP America 's )NP )NP )VP )S )SBAR )VP )S )SBAR . )SINV  STOP
(S (PP From (NP a financial *UNK )NP )PP , (NP the boom )NP (VP could n't (VP come (PP at (NP a better time )NP )PP )VP )VP . )S  STOP
(S (S (NP Many Japanese companies )NP (VP expect (NP record profits )NP (NP this fiscal year )NP )VP )S , and (S (NP Japanese interest rates )NP , (SBAR though (FRAG (ADVP up (NP a bit )NP )ADVP (ADVP recently )ADVP )FRAG )SBAR , (VP are (ADVP still )ADVP (ADJP low )ADJP )VP )S . )S  STOP
(S And (PP in (NP (NP a business system )NP (SBAR (WHADVP where )WHADVP (S (NP shareholders )NP (VP (VP have (NP few rights )NP )VP and (VP expect (NP (ADJP only modest )ADJP dividends )NP )VP )VP )S )SBAR )NP )PP , (NP companies )NP (VP can (VP *UNK (NP their profits )NP (ADVP back (PP into (NP plant and equipment )NP )PP )ADVP )VP )VP . )S  STOP
(S But (NP (NP some economists and government officials )NP (ADVP here )ADVP )NP (VP are n't (VP *UNKING )VP )VP . )S  STOP
(S (NP They )NP (VP fear (SBAR that (S (NP the boom )NP (VP may (VP be (ADJP (ADJP too big )ADJP (PP for (NP (NP (NP Japan 's )NP or (NP anyone else 's )NP )NP good )NP )PP )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's (NP (NP an *UNK *UNK )NP '' (VP thrown (PP at (NP the world )NP )PP )VP )NP )VP )S , (VP says )VP (NP (NP Kenneth *UNKC )NP , (NP (NP senior economist )NP (PP at (NP (NP the Tokyo unit )NP (PP of (NP Deutsche Bank Group )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP The Ministry )NP (PP of (NP International Trade and Industry )NP )PP )NP (VP is (ADJP so concerned (SBAR that (S (NP it )NP (ADVP recently )ADVP (VP took (NP (NP the unusual step )NP (PP of (S (VP urging (NP Japanese auto companies )NP (S (VP to (VP exercise (NP caution )NP (PP in (NP capital spending )NP )PP )VP )VP )S )VP )S )PP )NP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP *UNKC officials )NP (VP hope (S (VP to (VP avoid (NP (NP *UNK- source )NP (PP of (NP (NP trade *UNK )NP (PP with (NP the U.S. )NP )PP )NP )PP )NP )VP )VP )S (SBAR even though (S (NP export *UNK )NP (ADVP currently )ADVP (VP limit (NP (NP Japanese car exports )NP (PP to (NP the U.S. )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Not everyone )NP (VP is (ADJP worried )ADJP , (ADVP however )ADVP )VP . )S  STOP
(S (NP (NP Some economists )NP -- and (NP many Japanese companies )NP -- )NP (VP are (VP *UNKED (PP by (NP the warnings )NP )PP )VP )VP . )S  STOP
(S (NP The investment boom )NP (VP is (VP (VP (ADVP mainly )ADVP sparked (PRN , (S (NP they )NP (VP say )VP )S , )PRN (PP by (NP strong domestic demand )NP )PP )VP and (VP is n't (ADJP likely (S (VP to (VP increase (NP exports )NP (ADVP sharply )ADVP )VP )VP )S )ADJP )VP )VP )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP much investment )NP (VP is n't (VP aimed (PP at (S (VP increasing (NP capacity )NP )VP )S )PP )VP )VP . )S  STOP
(S (S (PP According (PP to (NP (NP a survey )NP (PP of (NP (QP some *UNKN )QP large companies )NP )PP (PP by (NP the Japan Development Bank )NP )PP )NP )PP )PP , (NP expanded capacity )NP (VP is (NP (NP the goal )NP (PP of (NP (NP just *UNKN % )NP (PP of (NP the outlays )NP )PP )NP )PP )NP )VP )S ; (S (PP for (NP (NP manufacturers )NP (ADVP alone )ADVP )NP )PP , (NP the figure )NP (VP is (NP 32 % )NP )VP )S . )S  STOP
(S (NP The manufacturers )NP (VP said (SBAR (S (S (NP (NP *UNKN % )NP (PP of (NP their spending )NP )PP )NP (VP is (VP designed (S (VP to (VP (VP improve (NP products )NP )VP or (VP add (NP new ones )NP )VP )VP )VP )S )VP )VP )S , (S (NP *UNKN % )NP (VP is (S (VP to (VP cut (NP costs )NP )VP )VP )S )VP )S , (S (NP 12.5 % )NP (VP is (PP for (NP research and development )NP )PP )VP )S , and (S (NP the rest )NP (VP is (PP for (NP (NP maintenance )NP and (NP other purposes )NP )NP )PP )VP )S )S )SBAR )VP . )S  STOP
(S But (NP the *UNK )NP (VP remain (ADJP *UNKED )ADJP )VP . )S  STOP
(S (PP With (S (NP Japan )NP (VP running (NP (NP enormous trade *UNK )NP (PP against (NP (NP much )NP (PP of (NP the world )NP )PP )NP )PP )NP )VP )S )PP , (NP they )NP (VP think (SBAR that (S (NP Japan )NP (VP should (VP meet (NP the increased domestic demand )NP (PP by (S (VP *UNKING (NP more )NP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S And (ADVP eventually )ADVP (PRN , (S (NP they )NP (VP contend )VP )S , )PRN (NP domestic demand )NP (VP will (VP weaken , (S (VP forcing (S (NP companies )NP (VP to (VP *UNK (NP exports )NP (ADVP again )ADVP )VP )VP )S )VP )S )VP )VP . )S  STOP
(S `` (SBAR If (S (NP there )NP (VP 's (NP a further drive (S (VP to (VP export )VP )VP )S )NP )VP )S )SBAR (PRN , '' (SINV (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP an economist )NP (PP at (NP the Japan Development Bank )NP )PP )NP )NP )SINV , `` )PRN (NP that )NP (VP 'll (VP be (NP a problem )NP )VP )VP . '' )S  STOP
(S (PP (ADVP Even )ADVP in (NP the short run )NP )PP , (NP the investment boom )NP (VP could (VP *UNK (NP (NP a *UNKING trend )NP : (S (NP Japanese exports )NP (VP are (VP showing (NP (ADJP surprisingly little )ADJP *UNK (S (VP to (VP ease )VP )VP )S )NP )VP )VP )S )NP )VP )VP . )S  STOP
(S (S (NP Japanese auto makers )NP , (PP for (NP example )NP )PP , (VP are (VP increasing (NP (NP their production capacity )NP (PP in (NP the U.S. )NP )PP )NP )VP )VP )S ; (S (NP the additional production )NP (VP should , (PP in (NP part )NP )PP , (VP replace (NP imported vehicles )NP (PP with (NP (ADJP *UNKLY manufactured )ADJP ones )NP )PP )VP )VP )S . )S  STOP
(S (S But (SBAR although (S (NP Japanese companies )NP (VP increased (NP their U.S. auto output )NP (PP by (NP 42 % )NP )PP (PP (PP from (NP January )NP )PP (PP to (NP September )NP )PP )PP (PP compared (PP with (NP the year-earlier period )NP )PP )PP )VP )S )SBAR , (NP (NP their exports )NP (PP to (NP the U.S. )NP )PP )NP (VP will (VP drop (NP (QP only 9 )QP % )NP (NP this year )NP )VP )VP )S , (NP Nikko Research Center )NP (VP estimates )VP . )S  STOP
(S (PP In (NP (NP contrast )NP (PP to (NP previous economic *UNK )NP )PP )NP )PP , (NP Japanese auto companies )NP (VP are n't (ADVP just )ADVP (VP trying (S (VP to (VP boost (NP production )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Many )NP (VP are (VP pouring (NP money )NP (PP into (S (VP developing (NP high-quality products )NP )VP )S )PP (S (VP (VP to (VP target (NP affluent consumers )NP )VP )VP and , (VP (PP to (NP some extent )NP )PP , to (VP avoid (NP (NP direct combat )NP (PP with (NP (NP cheaper cars )NP (PP from (NP (NP South Korea )NP and (NP Taiwan )NP )NP )PP )NP )PP )NP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP Others )NP (VP are (VP replacing (NP older facilities )NP (PP with (NP (NP flexible assembly lines )NP (SBAR (WHPP on (WHNP which )WHNP )WHPP (S (NP different models )NP (VP can (VP be (VP turned (PRT out )PRT (ADVP at once )ADVP )VP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (ADJP So many )ADJP companies )NP (VP are (VP investing (PP in (NP high-tech machinery )NP )PP (SBAR that (S (NP (NP *UNKC Ltd. )NP , (NP a *UNK maker )NP , )NP (ADVP also )ADVP (VP had (S (VP to (VP build (NP a new plant )NP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(SINV (S (NP The *UNK )NP (VP is `` (VP making (S (NP Japan )NP (ADJP (ADVP clearly )ADVP (ADJP more efficient )ADJP , (ADJP more *UNKLY advanced )ADJP and (ADJP more competitive )ADJP )ADJP )S )VP )VP )S , '' (VP declares )VP (NP (NP a Western *UNK )NP (PP in (NP Tokyo )NP )PP )NP . )SINV  STOP
(S But (SBAR whatever (FRAG (NP (NP its effects )NP (PP on (NP exports and imports )NP )PP )NP )FRAG )SBAR , (NP (NP (NP Japan 's )NP investment boom )NP (PP during (NP the past two years )NP )PP )NP (VP has (VP been (VP *UNKED (PP (ADVP (ADVP at least )ADVP partly )ADVP by (NP soaring domestic demand )NP )PP )VP )VP )VP . )S  STOP
(S (S (NP (NP (NP Japan 's )NP *UNK economy )NP , (VP growing (PP at (NP 4.3 % )NP )PP (NP this year )NP )VP , )NP (VP is (ADVP now )ADVP (PP in (NP (NP its *UNK month )NP (PP of (NP expansion )NP )PP )NP )PP )VP )S , and (S (NP some economists )NP (VP are (VP betting (SBAR that (S (NP the boom )NP (VP will (VP *UNK (NP (NP the record *UNK- expansion )NP (PP in (NP the late 1960s )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (NP Japanese consumers )NP (VP are (ADJP increasingly eager (S (VP to (VP spend (NP their money )NP , (PP (ADVP especially )ADVP on (NP (NP *UNKED goods )NP (PP such as (NP (NP *UNK- television sets )NP and (NP luxury cars )NP )NP )PP )NP )PP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP (NP Nissan Motor Co. 's )NP domestic auto sales )NP (VP are (ADVP up (NP 20 % )NP )ADVP (NP this year )NP (SBAR (ADVP largely )ADVP because (S (NP its expensive *UNKC , *UNKC and *UNKC models )NP (VP are (PP in (NP heavy demand )NP )PP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP One dealer )NP (VP told (NP me )NP (SBAR that (S (SBAR if (S (NP he )NP (VP had (NP more cars )NP )VP )S )SBAR , (NP he )NP (VP 'd (VP sell (NP them )NP (ADVP right away )ADVP )VP )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP Nissan executive vice president )NP )NP . )SINV  STOP
(S (NP He )NP (VP adds (SBAR that (S (NP the company )NP (VP is (VP trying (S (VP to (VP keep (PRT up )PRT (PP with (NP demand )NP )PP `` (PP by (S (VP *UNKING '' (NP its employees )NP )VP )S )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Similarly )ADVP , (NP (NP Honda Motor Co. 's )NP sales )NP (VP are (ADJP so brisk (SBAR that (S (NP workers )NP (VP *UNK (SBAR (S (NP they )NP (VP have n't (VP had (NP a Saturday )NP (PRT off )PRT (PP in (NP years )NP )PP , (PP despite (NP (NP (NP the government 's )NP *UNK )NP (PP of (NP more *UNK activity )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )ADJP )VP . )S  STOP
(S (SBAR With (S (S (NP demand )NP (VP growing )VP )S and (S (NP workers )NP (PP in (NP short supply )NP )PP )S )S )SBAR , (NP many Japanese manufacturers )NP (VP are (VP spending (ADVP heavily )ADVP (PP on (NP *UNK )NP )PP )VP )VP . )S  STOP
(SINV (PP Among (NP them )NP )PP (VP are )VP (NP (NP the *UNK )NP , (SBAR (WHNP which )WHNP (S (VP (VP had (VP *UNKED (NP their shipyard work forces )NP (S (VP to (VP cut (NP costs )NP )VP )VP )S (PP during (NP (NP a prolonged slump )NP (PP in (NP demand )NP )PP )NP )PP )VP )VP but (VP (ADVP now )ADVP are (VP *UNKING (NP (NP an increased share )NP (PP of (NP the strengthening global market )NP )PP )NP )VP )VP )VP )S )SBAR )NP . )SINV  STOP
(S (NP (NP *UNKC Heavy Industries Co. )NP , (NP a *UNKED *UNK )NP , )NP (VP expects (S (NP its sales )NP (VP to (VP increase (NP 30 % )NP (NP this year )NP , (PP (ADVP largely )ADVP because of (NP (NP rising demand )NP (PP for (NP oil *UNK )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (SBAR Once (S (NP one Japanese company )NP (VP steps (PRT up )PRT (NP its investments )NP )VP )S )SBAR , (NP the whole industry )NP (VP follows )VP . )S  STOP
(S (SBAR Because (S (NP most businesses )NP (VP put (NP market share )NP (PP above (NP profitability )NP )PP )VP )S )SBAR , (S (VP to (VP let (S (NP (NP (NP a competitor 's )NP addition )NP (PP to (NP capacity )NP )PP )NP (VP go (ADJP *UNKED )ADJP )VP )S )VP )VP )S (VP is (S (VP to (VP concede (NP defeat )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP The emphasis )NP (PP on (NP market share )NP )PP )NP (VP is (ADJP evident )ADJP (PP at (NP (NP *UNKC Industries Ltd. )NP , (NP (NP (NP Japan 's )NP biggest maker )NP (PP of (NP industrial air *UNK )NP )PP )NP )NP )PP )VP . )S  STOP
(S (S (VP *UNKING (S (S (NP new office buildings )NP (VP *UNK (PRT up )PRT )VP )S and (S (NP its sales )NP (VP soar )VP )S )S )VP )S , (NP *UNKC )NP (VP is (VP building (NP (NP another plant )NP , (SBAR (WHNP which )WHNP (S (VP will (VP lift (NP its production capacity )NP (NP 50 % )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP The expansion )NP (VP is (VP aimed (PP (CONJP not just )CONJP (PP at (S (VP meeting (NP demand )NP )VP )S )PP (CONJP but also )CONJP (PP at (S (VP expanding (NP (NP the company 's )NP market share )NP (PP to (NP 30 % )NP )PP (PP from (NP 27 % )NP (ADVP currently )ADVP )PP )VP )S )PP )PP )VP )VP . )S  STOP
(S (S (ADVP Besides )ADVP , (NP (NP (NP *UNKC 's )NP major competitors )NP , (NP (NP Hitachi Ltd. )NP and (NP Mitsubishi Heavy Industries Ltd. )NP )NP , )NP `` (VP are all (VP adding (NP production lines )NP )VP )VP )S , '' (NP a *UNKC spokesman )NP (VP says )VP . )S  STOP
(S `` (PP Until (NP now )NP )PP , (NP we )NP (VP were (VP trying (S (VP to (VP increase (NP productivity )NP (PP with (NP (NP the facilities )NP (SBAR (S (NP we )NP (ADVP already )ADVP (VP had )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S But (NP we )NP (VP ca n't (VP produce (NP enough )NP (ADVP anymore )ADVP )VP )VP . '' )S  STOP
(S (NP The competition )NP (VP is (ADJP (ADVP even more )ADVP *UNKED )ADJP (PP in (NP (NP the auto industry )NP , (SBAR (WHADVP where )WHADVP (S (NP companies )NP (VP are (VP *UNKING (NP one another )NP (PP in (NP a world-wide market )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Nissan )NP (VP aims (S (VP to (VP expand (NP (NP its (ADJP 25 % )ADJP share )NP (PP of (NP the market )NP )PP )NP (PP to (NP 30 % )NP )PP (PP by (S (VP spending (NP (QP $ *UNKN million )QP )NP (PP on (NP (NP a plant )NP (PP in (NP southern Japan )NP )PP (SBAR (WHNP that )WHNP (S (VP could (VP make (NP (NP (QP as many as *UNKN )QP cars )NP (NP a year )NP )NP )VP )VP )S )SBAR )NP )PP )VP )S )PP )VP )VP )S )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (S (NP (NP Toyota Motor Corp. 's )NP (ADJP (QP $ *UNKN million )QP )ADJP buildup )NP (VP is (VP increasing (NP its annual capacity )NP (PP by (NP *UNKN cars )NP )PP )VP )VP )S , and (S (NP Honda )NP (VP is (VP spending (NP (QP $ *UNKN million )QP )NP (PP on (NP expansion )NP )PP )VP )VP )S . )S  STOP
(S (S (NP Mazda Motor Corp. )NP (VP is (ADVP still )ADVP (VP considering (NP its options )NP )VP )VP )S , but (S (NP it )NP (ADVP *UNKLY )ADVP (VP aims (S (VP to (VP double (NP its annual domestic sales )NP (PP to (NP 800,000 cars )NP )PP (PP in (NP the next four years )NP )PP )VP )VP )S )VP )S . )S  STOP
(S (NP (NP Those )NP (SBAR (WHNP who )WHNP (S (VP are n't (ADJP worried (PP about (SBAR (WHADVP how )WHADVP (S (NP (NP Japanese manufacturers ' )NP investments )NP (VP will (VP affect (NP trade )NP )VP )VP )S )SBAR )PP )ADJP )VP )S )SBAR )NP (VP note (SBAR that (S (NP many new products )NP (VP are n't (NP (NP *UNK )NP (PP for (NP imports )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Although (S (NP imports )NP (VP account (PP for (NP (NP (QP less than 1 )QP % )NP (PP of (NP (NP beer sales )NP (PP in (NP Japan )NP )PP )NP )PP )NP )PP )VP )S )SBAR , (NP (NP *UNKC *UNKC Ltd. )NP , (SBAR (WHNP which )WHNP (S (VP has (VP been (VP gaining (NP share )NP (PP with (NP its popular dry beer )NP )PP )VP )VP )VP )S )SBAR , )NP (VP plans (S (VP to (VP fend (PRT off )PRT (NP Japanese competitors )NP (PP by (S (VP pouring (NP (QP $ *UNKN billion )QP )NP (PP into (NP (NP facilities )NP (SBAR (S (VP to (VP *UNK (NP (ADJP (NP 50 % )NP more )ADJP beer )NP )VP )VP )S )SBAR )NP )PP )VP )S )PP )VP )VP )S )VP . )S  STOP
(S But (S (NP *UNK- development )NP (VP will (VP make (S (NP Japanese companies )NP (ADJP stronger )ADJP )S )VP )VP )S , and (S (NP (NP big investments )NP (PP in (NP (NP `` domestic '' industries )NP (PP such as (NP beer )NP )PP )NP )PP )NP (VP will (VP make (S (NP (NP it )NP )NP (ADJP even tougher )ADJP (SBAR for (S (NP foreign competitors )NP (VP to (VP crack (NP the Japanese market )NP )VP )VP )S )SBAR )S )VP )VP )S . )S  STOP
(S (S (ADVP Moreover )ADVP , (NP (NP much )NP (PP of (NP the investment boom )NP )PP )NP (VP is (PP in (NP (NP high-tech fields )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP Japanese companies )NP (VP have (NP only limited foreign competition )NP )VP )S )SBAR )NP )PP )VP )S ; so , (S (NP more investment )NP (ADVP *UNKLY )ADVP (VP *UNK (NP more exports )NP )VP )S . )S  STOP
(S (NP Toshiba Corp. )NP , (PP for (NP example )NP )PP , (VP is (VP spending (NP (QP $ *UNKN million )QP )NP (PP on (NP two new plants )NP )PP (S (VP to (VP build (NP (NP *UNK- *UNK *UNK access memories )NP , (NP (NP the next generation )NP (PP of (NP computer chips )NP )PP )NP )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP The product )NP (VP is n't (ADVP widely )ADVP (VP used (ADVP yet )ADVP )VP )VP )S , but (S (NP (NP Toshiba )NP , (SBAR (WHNP which )WHNP (S (VP has (ADVP already )ADVP (VP *UNK (NP everyone else )NP (PP in (S (VP producing (NP the *UNK- *UNK- *UNKC )NP )VP )S )PP )VP )VP )S )SBAR , )NP (VP believes (SBAR that (S (NP its early investment )NP (VP will (VP *UNK (NP (NP its chances )NP (PP of (S (VP *UNKING (NP its competitors )NP (ADVP again )ADVP )VP )S )PP )NP )VP )VP )S )SBAR )VP )S . )S  STOP
(S `` (S (NP (NP It )NP )NP (VP 's (ADJP important )ADJP (S to (VP gain (NP leadership )NP )VP )S )VP )S , '' (NP a Toshiba spokesman )NP (VP says )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP (NP Toshiba 's )NP Japanese rivals )NP , (NP (NP Hitachi )NP , (NP Fujitsu Ltd. )NP and (NP NEC Corp. )NP )NP , )NP (VP are n't (VP sitting (ADVP still )ADVP )VP )VP . )S  STOP
(S (PP After (S (VP doubling (NP (NP production )NP (PP in (NP one plant )NP )PP )NP )VP )S )PP , (NP NEC )NP (VP is (VP spending (NP (QP $ *UNKN million )QP )NP (S (VP to (VP build (NP (NP another plant )NP (SBAR (WHNP that )WHNP (S , (PP in (NP two years )NP )PP , (VP will (VP be (ADJP able (S (VP to (VP make (NP (NP a million *UNK- *UNKC )NP (NP a year )NP )NP )VP )VP )S )ADJP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(SINV (S (NP The new chip plants )NP `` (VP wo n't (VP be (NP excessive investment )NP )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP an NEC vice president )NP )NP . )SINV  STOP
(S `` (NP We )NP (VP have (NP (NP (NP enough products )NP (SBAR (S (VP to (VP make )VP )VP )S )SBAR )NP and (NP (NP the markets )NP (SBAR (S (VP to (VP sell (NP these products )NP )VP )VP )S )SBAR )NP )NP )VP . '' )S  STOP
(S (NP (NP Some )NP (PP of (NP (NP (NP Japan 's )NP goods )NP (VP being (VP produced (PP as (NP (NP a result )NP (PP of (NP the investment boom )NP )PP )NP )PP )VP )VP )NP )PP )NP (VP are (ADVP already )ADVP (ADJP successful )ADJP (ADVP overseas )ADVP )VP . )S  STOP
(S (NP (NP (NP Toyota 's )NP (ADJP $ *UNKN )ADJP Lexus automobile )NP , (NP (NP a luxury model )NP (SBAR (WHNP that )WHNP (S (NP it )NP (VP started (S (VP shipping (PP to (NP the U.S. )NP )PP )VP )S (NP only last month )NP )VP )S )SBAR )NP , )NP (VP is (VP *UNKING (PRT up )PRT (NP orders )NP (PP at (NP (NP a time )NP (SBAR (WHADVP when )WHADVP (S (NP (ADJP *UNKC *UNK- )ADJP sales )NP (VP are (ADJP slow )ADJP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP Toyota )NP (VP plans (S (VP to (VP raise (NP Lexus exports )NP (SBAR (WHADVP when )WHADVP (S (NP a new plant )NP (VP starts (PRT up )PRT (NP next year )NP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(FRAG (WHNP What )WHNP (SBAR if (S (NP its sales )NP (VP weaken (ADVP *UNK )ADVP )VP )S )SBAR ? )FRAG  STOP
(S (NP Japanese companies )NP (VP have (NP a *UNK competitor attitude )NP )VP . )S  STOP
(S (SBAR If (S (NP excess capacity )NP (VP *UNK )VP )S )SBAR (PRN , (S (NP they )NP (VP say )VP )S , )PRN (NP not everyone )NP (VP will (VP suffer )VP )VP . )S  STOP
(S (S (NP The losers )NP (VP will (VP be (NP (NP those )NP (PP with (NP the (ADJP least attractive )ADJP products )NP )PP )NP )VP )VP )S , and (S (NP (NP many )NP (PP of (NP them )NP )PP )NP (PRN , (S (NP analysts )NP (VP think )VP )S , )PRN (VP will (VP be (NP foreign companies )NP )VP )VP )S . )S  STOP
(S (NP Benjamin Franklin Federal Savings & Loan Association )NP (VP said (SBAR (S (NP it )NP (VP plans (S (VP to (VP restructure )VP )VP )S (PP in (NP (NP the wake )NP (PP of (NP (NP (NP a third-quarter loss )NP (PP of (NP (NP (QP $ 7.7 million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP )NP (VP reflecting (NP (NP an (ADJP (QP $ 11 million )QP )ADJP addition )NP (PP to (NP loan-loss reserves )NP )PP )NP )VP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The (NAC *UNKC , *UNKC )NAC , thrift )NP (VP said (SBAR (S (NP the restructuring )NP (VP should (VP help (S (NP it )NP (VP meet (NP (NP new capital standards )NP (PP from (NP the Financial *UNKC Reform , *UNKC and *UNKC Act )NP )PP )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP (NP A year )NP ago )ADVP , (NP Benjamin Franklin )NP (VP had (NP (NP profit )NP (PP of (NP (NP (QP $ 1.8 million )QP )NP , or (NP (NP 23 cents )NP (NP a share )NP )NP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP over-the-counter trading )NP )PP (NP yesterday )NP , (NP Benjamin Franklin )NP (VP rose (NP 25 cents )NP (PP to (NP $ 4.25 )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP (NP the restructuring 's )NP initial phase )NP (VP will (VP feature (NP (NP a *UNK reduction )NP (PP in (NP (NP assets )NP and (NP staff positions )NP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The plan )NP (VP may (VP include (S (VP (VP selling (NP branches )NP )VP , (VP *UNKING or eliminating (NP departments )NP )VP , and (VP (VP *UNKING (PRT down )PRT )VP or (VP *UNKING (PP of )PP )VP (NP *UNK units )NP (PP within (NP 18 months )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP the company )NP (VP said (SBAR (S (NP it )NP (VP will (VP (VP close (NP its commercial real-estate lending division )NP )VP , and (VP stop (S (VP *UNKING (NP new *UNK )NP (PP at (NP its commercial lease subsidiary )NP )PP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP of (NP the restructuring )NP )PP )NP (VP wo n't (VP be (VP made (S (ADJP final )ADJP )S (SBAR until (S (NP regulators )NP (VP approve (NP (NP the regulations )NP (VP mandated (PP by (NP the new federal act )NP )PP )VP )NP )VP )S )SBAR )VP )VP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP (NP *UNKC Corp. )NP , (NP (NP a maker )NP (PP of (NP mainframe computers )NP )PP )NP , )NP (VP reported (NP (NP a sharp decline )NP (PP in (NP net income )NP )PP (PP for (NP its third quarter )NP )PP )NP , (S (VP citing (NP (NP (NP *UNKING )NP (PP by (NP competitors )NP )PP )NP and (NP (NP adverse effects )NP (PP from (NP a strong U.S. dollar )NP )PP )NP )NP )VP )S )VP . )S  STOP
(S (NP Net income )NP (VP fell (NP 37 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 30 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 48 cents )NP (NP a share )NP )NP )NP )PP , (PP in (NP the year-ago period )NP )PP )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP 15 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC 's )NP results )NP (VP were (ADJP (ADJP somewhat worse )ADJP (SBAR than (FRAG (VP expected )VP )FRAG )SBAR )ADJP )VP . )S  STOP
(S (NP (NP Jay Stevens )NP , (NP (NP an analyst )NP (PP with (NP Dean Witter Reynolds )NP )PP )NP , )NP (VP (VP said (SBAR (S (NP he )NP (VP expected (S (NP the (NAC Sunnyvale , Calif. )NAC , company )NP (VP to (VP earn (NP (NP 35 cents )NP (NP a share )NP )NP (PP for (NP the quarter )NP )PP )VP )VP )S )VP )S )SBAR )VP and (VP said (SBAR (S (NP (NP the firm 's )NP weaker profit )NP (VP was (ADVP partly )ADVP (NP (NP the result )NP (PP of (NP (NP increased competition )NP (PP from (NP (NP International Business Machines Corp. )NP , (NP (NP (NP *UNKC 's )NP principal competitor )NP (PP for (NP mainframe sales )NP )PP )NP )NP )PP )NP )PP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP *UNKC Ltd. )NP (VP declared (NP (NP a (ADJP 10 % )ADJP stock dividend )NP , (ADJP payable (NP Dec. 15 )NP (PP to (NP (NP stock )NP (PP of (NP (NP record )NP (NP Nov. 17 )NP )NP )PP )NP )PP )ADJP )NP )VP . )S  STOP
(S (NP (NP The (NAC *UNKC , N.Y. , )NAC maker )NP (PP of (NP (UCP consumer , *UNK- and industrial )UCP products )NP )PP )NP (ADVP also )ADVP (VP declared (NP (NP (NP a quarterly cash dividend )NP (PP of (NP (NP 12 cents )NP (NP a share )NP )NP )PP )NP , (PP with (NP the same (UCP payable and record )UCP dates )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP The cash dividend )NP (VP paid (PP on (NP the common stock )NP )PP )VP )NP (ADVP also )ADVP (VP will (VP apply (PP to (NP the new shares )NP )PP )VP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (S (NP The move )NP (VP (VP *UNK (NP shareholders )NP )VP and (VP should (VP improve (NP (NP the stock 's )NP liquidity )NP )VP )VP )VP )S , (NP *UNKC )NP (VP said )VP . )S  STOP
(S (NP The company )NP (VP has (NP (NP (QP about 8.8 million )QP shares )NP (ADJP outstanding )ADJP )NP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP (NP yesterday )NP , (NP (NP *UNKC 's )NP shares )NP (VP closed (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP , (ADVP unchanged )ADVP )VP . )S  STOP
(S (NP Federal health officials )NP (VP are (VP expected (S (NP today )NP (VP to (VP approve (NP (NP a program )NP (VP *UNKING (NP (NP *UNKED access )NP (PP to (NP (NP the drug )NP (NP AZT )NP )NP )PP (PP for (NP (NP children )NP (PP with (NP acquired immune *UNK *UNK )NP )PP )NP )PP )NP )VP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP the approval )NP )PP )NP (VP is (VP expected (S (VP to (VP be (VP made (PP by (NP (NP Louis Sullivan )NP , (NP (NP secretary )NP (PP of (NP Health and Human Services )NP )PP )NP )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The clearance )NP (PP by (NP the Food and Drug Administration )NP )PP )NP (VP comes (PP after (NP (NP two years )NP (PP of (NP (NP restricted access )NP (PP for (NP (NP the *UNK victims )NP (PP of (NP AIDS )NP )PP )NP )PP (PP to (NP (NP the only *UNK drug )NP (VP (ADVP yet )ADVP cleared (S (VP to (VP treat (NP the *UNK disease )NP )VP )VP )S )VP )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP The drug )NP (VP will (VP be (VP given (NP (NP treatment *UNK new drug status )NP , (NP (NP a label )NP (VP *UNKED (PP to (NP (NP drugs )NP (VP (VP believed (S (ADJP effective )ADJP )S )VP but (VP *UNKING (NP formal approval )NP )VP )VP )NP )PP )VP )NP )NP )VP )VP )VP . )S  STOP
(S (NP The move )NP (VP will (VP make (S (NP the drug )NP (ADJP available (ADVP free (PP of (NP charge )NP )PP )ADVP (PP for (NP a time )NP )PP (PP to (NP (NP children )NP (PP with (NP (NP the disease )NP and (NP (NP symptoms )NP (PP of (NP advanced *UNK )NP )PP )NP )NP )PP )NP )PP )ADJP )S )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP with (NP AIDS )NP )PP )NP (VP have (VP had (NP (NP access )NP (PP to (NP AZT )NP )PP )NP (SBAR since (S (NP FDA )NP (VP approved (NP (NP (NP the drug 's )NP *UNK )NP (PP for (NP adults )NP )PP )NP (PP in (NP March 1987 )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S But (PP despite (NP (NP (QP more than two )QP years )NP (PP of (NP (NP research )NP (VP showing (SBAR (S (NP AZT )NP (VP can (VP *UNK (NP (NP *UNK )NP and (NP other symptoms )NP )NP (PP in (NP children )NP )PP )VP )VP )S )SBAR )VP )NP )PP )NP )PP , (NP the drug )NP (ADVP still )ADVP (VP lacks (NP (NP federal approval )NP (PP for (NP (NP use )NP (PP in (NP the *UNK patients )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP As (NP a result )NP )PP , (S (NP many *UNK )NP (VP have (VP been (ADJP unable (S (VP to (VP obtain (NP the drug )NP )VP )VP )S )ADJP )VP )VP )S and (S , (PP for (NP the few exceptions )NP )PP , (NP insurance carriers )NP (VP wo n't (VP cover (NP (NP its cost )NP (PP of (NP (NP $ *UNKN )NP (NP a year )NP )NP )PP )NP )VP )VP )S . )S  STOP
(S (ADVP So far )ADVP , (NP AIDS )NP (VP has (VP *UNK (NP (NP *UNKN children )NP (PP under (NP age 13 )NP )PP )NP , (SBAR with (S (NP (QP many times )QP that number )NP (VP believed (S (VP to (VP carry (NP the *UNK )NP (PP without (NP symptoms )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (PP To (NP date )NP )PP , (NP (NP *UNKN )NP (PP of (NP those children )NP )PP )NP (VP have (VP died , (PP according (PP to (NP (NP the federal *UNKC )NP (PP for (NP *UNKC Control )NP )PP )NP )PP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP young AIDS patients )NP )PP )NP (VP expressed (NP *UNK satisfaction )NP )VP . )S  STOP
(S `` (VP *UNKC (NP *UNK )NP (SBAR (S (NP it )NP (VP 's (VP happening )VP )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP It )NP (VP should (VP have (VP happened (ADVP sooner )ADVP )VP )VP )VP )S , '' (VP said )VP (NP (NP Elizabeth *UNKC )NP , (NP (NP a Los Angeles mother and activist )NP (SBAR (WHNP who )WHNP (S (VP (VP contracted (NP the AIDS virus )NP (PP through (NP a blood *UNK )NP )PP )VP , and (VP *UNKED (NP it )NP (PP to (NP (NP two )NP (PP of (NP her children )NP )PP )NP )PP )VP )VP )S )SBAR )NP )NP . )SINV  STOP
(S (NP (NP (NP One )NP (PP of (NP them )NP )PP )NP , (NP (NP a daughter )NP (NP *UNKC )NP )NP , )NP (VP died (ADVP (NP a year )NP ago )ADVP (PP at (NP age seven )NP )PP (SBAR after (S (NP her parents )NP (ADVP *UNKLY )ADVP (VP pleaded (PP for (NP the drug )NP )PP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP I )NP (VP could (VP get (NP AZT )NP )VP )VP )S , '' (VP says )VP (NP (NP Mrs. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP bears (NP her *UNK )NP (PP without (NP any symptoms )NP )PP )VP )S )SBAR )NP . )SINV  STOP
(S `` But (NP my daughter )NP (VP could n't , (SBAR until (S (NP she )NP (VP was (ADJP too *UNK (S (VP to (VP take (NP it )NP )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S (S (VP To (VP watch (S (NP your child )NP (VP die )VP )S )VP )VP )S (VP is (NP an *UNK experience )NP )VP . '' )S  STOP
(S (NP Her son )NP , (S (ADJP healthy and *UNK- )ADJP )S , (ADVP currently )ADVP (VP takes (NP no *UNK )NP )VP . )S  STOP
(S (NP (NP The delay )NP (PP in (S (VP getting (NP AZT )NP (PP to (NP children )NP )PP )VP )S )PP )NP (VP has (VP been (VP blamed (PP on (NP (NP a combination )NP (PP of (NP factors )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP the medical establishment )NP (VP has (VP waited (NP two years )NP (S (VP to (VP approve (NP *UNK *UNK )NP (PP for (NP *UNK uses )NP )PP )VP )VP )S , (PP because of (NP (NP a combination )NP (PP of (NP (NP conservative safety standards )NP and (NP red tape )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP critics )NP (VP have (VP charged (NP (NP (NP AZT 's )NP maker )NP (NP *UNKC *UNKC Co. )NP )NP (PP with (NP (NP corporate *UNK )NP (SBAR because (S (NP children )NP (VP account (PP for (NP (NP (NP just 1 % )NP (PP of (NP the patient population )NP )PP )NP and (ADVP *UNK )ADVP (NP (NP a small part )NP (PP of (NP the (ADJP large and lucrative )ADJP market )NP )PP )NP )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP has (VP (VP replied (SBAR that (S (NP it )NP (VP is (VP moving (ADVP ahead )ADVP (S (VP to (VP *UNK (NP the relevant data )NP )VP )VP )S )VP )VP )S )SBAR )VP , and (VP (ADVP recently )ADVP promised (S (VP to (VP develop (NP (NP a *UNK *UNK form )NP (ADJP easier (SBAR for (S (NP *UNK )NP (VP to (VP take )VP )VP )S )SBAR )ADJP )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (ADVP Still )ADVP , (NP all this )NP (VP comes (SBAR (NP nearly a year and a half )NP after (S (NP (NP Philip *UNKC )NP (PP of (NP the National Cancer Institute )NP )PP )NP (VP offered (NP evidence (SBAR that (S (NP AZT )NP (VP could (VP reverse (NP (NP the *UNK )NP (PP of (NP AIDS *UNK )NP )PP )NP , (S (ADVP sometimes )ADVP (VP prompting (NP (NP (NP dramatic recovery )NP (PP of (NP *UNK levels )NP )PP )NP and (NP (NP *UNK )NP (PP of (NP lost motor skills )NP )PP )NP )NP )VP )S )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (PP Since (NP then )NP )PP , (NP (QP roughly 50 )QP *UNK patients )NP (VP have (VP received (NP the drug )NP (PP in (NP his program )NP )PP )VP )VP . )S  STOP
(S (PP To (NP some *UNK )NP )PP , (NP the expected FDA action )NP (VP is (NP (NP a *UNK reminder )NP (PP of (SBAR (WHNP what )WHNP (S (VP might (VP have (VP been )VP )VP )VP )S )SBAR )PP )NP )VP . )S  STOP
(S `` (NP My first reaction )NP (VP is (SBAR (S (NP I )NP (VP do n't (VP understand (SBAR (WHADVP why )WHADVP (S (NP it )NP (VP 's (VP taken (ADVP so long )ADVP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(SINV (SBARQ (WHADVP Why )WHADVP (SQ has (NP (NP it )NP )NP (VP taken (NP people )NP (ADVP so long )ADVP (SBAR for (S (NP people )NP (VP to (VP understand (SBAR (S (NP *UNK AIDS )NP (VP is (NP a major problem )NP )VP )S )SBAR )VP )VP )S )SBAR )VP )SQ ? '' )SBARQ (VP asked )VP (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP (WHNP whose son )WHNP (NP Samuel )NP )WHNP (S (VP died (ADVP (NP six years )NP ago )ADVP (PP at (NP age three )NP )PP , (S (NP (NP victim )NP (PP of (NP a *UNKED *UNK )NP )PP )NP )S )VP )S )SBAR )NP . )SINV  STOP
(S (NP *UNKC *UNK )NP (VP were (VP *UNKED (PP on (NP Capitol Hill )NP )PP )VP )VP . )S  STOP
(SINV `` (S (SBAR While (S (NP I )NP (VP 'm (ADJP pleased (SBAR (S (NP the FDA )NP (VP is (ADVP finally )ADVP (VP *UNKING (NP AZT )NP (PP for (NP children )NP )PP )VP )VP )S )SBAR )ADJP )VP )S )SBAR , (NP (NP it )NP )NP (VP 's (VP taken (ADVP much too long )ADVP (S (VP to (VP get (PP to (NP this point )NP )PP )VP )VP )S )VP )VP )S , '' (VP said )VP (NP Rep. Ted *UNKC )NP . )SINV  STOP
(S (SBARQ `` (WHADVP Why )WHADVP (SQ did (NP (NP it )NP )NP (VP take (NP *UNKC *UNKC )NP (ADVP so long )ADVP (S (VP to (VP apply '' (PP for (NP treatment *UNK new drug status )NP )PP )VP )VP )S )VP )SQ ? )SBARQ (NP the New York Democrat )NP (VP asked )VP . )S  STOP
(S `` (S (VP Let (S (NP 's )NP not (VP forget (SBAR (S (NP this )NP (VP is (NP (NP the same company )NP (SBAR (WHNP that )WHNP (S (VP has (VP been (VP *UNKING (PP with (NP this drug )NP )PP (PP for (NP (QP 2 1\/2 )QP years )NP )PP )VP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )S )VP )S , '' (NP Mr. *UNKC )NP (VP added )VP . )S  STOP
(S (NP (NP Mrs. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP is (NP (NP a *UNK- )NP (PP of (NP (NP the *UNKC AIDS Foundation )NP , (VP based (PP in (NP (NP Santa *UNKC )NP , (NP Calif. )NP , )NP )PP )VP )NP )PP )NP )VP )S )SBAR )NP (VP *UNKED (NP (ADJP neither *UNK nor corporate )ADJP *UNKING )NP )VP . )S  STOP
(S `` (S (NP There )NP (VP 's (NP (NP no *UNK )NP (SBAR (S (VP to (VP be (VP pointed )VP )VP )VP )S )SBAR )NP )VP )S , '' (NP she )NP (VP said )VP . )S  STOP
(S `` (NP The crucial thing )NP (VP is (UCP (SBAR that (S (NP we )NP (VP learn (NP our *UNK )NP (ADVP well )ADVP )VP )S )SBAR , and (S (VP to (VP make (S (ADJP sure )ADJP (SBAR (S (NP (NP other *UNK drugs )NP , (PP like (NP (NP Bristol-Myers Co. 's )NP *UNKC )NP )PP , )NP (VP do n't (VP follow (NP (NP the same *UNKING course )NP (PP as (NP AZT )NP )PP )NP )VP )VP )S )SBAR )S )VP )VP )S )UCP )VP . '' )S  STOP
(S (NP (NP AIDS *UNK )NP (PRN -- (SBAR (WHNP which )WHNP (S (ADVP gradually )ADVP (VP *UNK (NP (NP children 's )NP ability (S (VP to (VP speak , walk and think )VP )VP )S )NP )VP )S )SBAR -- )PRN )NP (VP is (ADVP often )ADVP (NP (NP the (ADJP most striking )ADJP aspect )NP (PP of (NP the *UNK syndrome )NP )PP )NP )VP . )S  STOP
(S (PP For (NP some patients )NP )PP , (NP AZT )NP (VP has (VP restored (NP the ability (S (VP to (VP (VP ride (NP a *UNK )NP )VP or (VP solve (NP *UNK )NP )VP )VP )VP )S )NP , (S (VP giving (PRT back )PRT (NP (NP a piece )NP (PP of (NP their *UNK )NP )PP )NP (SBAR if (FRAG (ADVP only temporarily )ADVP )FRAG )SBAR )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP (NP It )NP )NP (VP 's (ADJP impossible )ADJP (S to (VP *UNK (SBAR (WHNP how much )WHNP (S (NP this )NP (VP means (PP to (NP (NP the families )NP (PP of (NP these patients )NP )PP )NP )PP )VP )S )SBAR )VP )S )VP )S , '' (VP said )VP (NP (NP Samuel *UNKC )NP , (NP (NP (NP director )NP (PP of (NP the National Cancer Institute )NP )PP )NP and (NP (NP a main developer )NP (PP of (NP AZT )NP )PP )NP )NP )NP . )SINV  STOP
(S (NP *UNKC *UNKC & *UNKC Corp. )NP (VP said (SBAR (S (NP it )NP (VP declared (NP (NP a dividend )NP (PP of (NP (NP one warrant )NP (PP for (NP (NP each three shares )NP (PP of (NP common stock )NP )PP )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Currently )ADVP , (NP (NP *UNKC )NP , (VP based (PP in (NP (NP Santa *UNKC )NP , (NP Calif. )NP , )NP )PP )VP )NP (VP has (NP (NP (QP 3.3 million )QP common shares )NP (ADJP outstanding )ADJP )NP )VP . )S  STOP
(S (S (NP (QP About 1.1 million )QP Class C warrants )NP (VP were (VP issued )VP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP (NP Each )NP (PP of (NP the Class C warrants )NP )PP )NP (VP will (VP enable (S (NP the holders )NP (VP to (VP purchase (NP (NP one share )NP (PP of (NP common stock )NP )PP )NP (PP at (NP $ *UNKN )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP The warrants )NP (VP may (VP be (VP exercised (PP until (PP (NP 90 days )NP after (NP their issue date )NP )PP )PP )VP )VP )VP . )S  STOP
(S (NP *UNKC )NP (ADVP also )ADVP (VP said (SBAR (S (NP it )NP (VP will (VP issue (NP (NP an additional *UNKN )NP (PP of (NP the Class C warrants )NP )PP )NP (PP to (NP (NP holders )NP (PP of (NP its (UCP Class A , Class B and *UNKED )UCP warrants )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP those warrants )NP )PP )NP (VP will (VP be (PP at (NP (NP the rate )NP (PP of (NP (NP one-third warrant )NP (PP for (NP (NP each warrant )NP (VP exercised )VP )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP THE *UNKC *UNKC )NP (VP *UNKC (S (VP to (VP launch (NP (NP its own vehicle )NP (PP for (NP program trading )NP )PP )NP (NP today )NP )VP )VP )S (PP amid (NP (NP growing controversy )NP (PP over (NP the practice )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The new `` baskets '' )NP (PP of (NP stocks )NP )PP )NP (VP will (VP allow (S (NP big investors )NP (VP to (VP buy or sell (NP all 500 S&P index stocks )NP (PP in (NP a single trade )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP The exchange )NP (VP argues (SBAR that (S (NP (NP the product )NP , (SBAR (WHNP which )WHNP (S (NP the SEC )NP (ADVP temporarily )ADVP (VP approved (NP yesterday )NP )VP )S )SBAR , )NP (VP will (VP help (S (VP ease (CONJP rather than )CONJP *UNK (NP (NP any volatility )NP (PP in (NP the stock market )NP )PP )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP SEC Chairman Breeden )NP (VP said (SBAR (S (NP he )NP (VP would (VP consider (S (VP imposing `` (NP circuit breakers )NP '' (S (VP to (VP halt (NP program trading )NP (PP during (NP (NP sharp swings )NP (PP in (NP the market )NP )PP )NP )PP )VP )VP )S )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Kemper Financial Services )NP (VP has (VP stopped (S (VP *UNKING (NP its stock trades )NP (PP through (NP four big securities firms )NP )PP )VP )S (PP because of (NP (NP their involvement )NP (PP in (NP (NP program trading )NP , (SBAR (WHNP which )WHNP (S (NP Kemper and others )NP (VP say (SBAR (S (VP is (VP *UNKING (NP the market )NP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The main capital-gains tax plan )NP (PP in (NP the Senate )NP )PP )NP (VP is n't (VP winning (NP (NP support )NP (PP from (NP (NP Democrats )NP (SBAR (WHNP who )WHNP (S (VP favor (NP a reduction )NP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP The trend )NP (VP is (VP making (S (NP *UNK )NP (ADJP less optimistic (SBAR (S (NP a tax cut )NP (VP will (VP pass )VP )VP )S )SBAR )ADJP )S )VP )VP . )S  STOP
(S (NP (NP Bethlehem Steel 's )NP profit )NP (VP plunged (NP 54 % )NP (PP in (NP the third quarter )NP )PP , (S (VP hurt (PP by (NP (NP higher costs )NP and (NP (NP lower shipments )NP (PP to (NP key clients )NP )PP )NP )NP )PP )VP )S )VP . )S  STOP
(S (ADVP Also )ADVP , (NP (NP Armco )NP and (NP National Intergroup )NP )NP (VP had (NP (NP lower operating profit )NP (PP in (NP steel )NP )PP )NP , (S (VP marking (SBAR (WHNP what )WHNP (S (VP may (VP be (NP (NP the end )NP (PP of (NP a two-year industry boom )NP )PP )NP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP Columbia S&L )NP (VP posted (NP (NP a quarterly loss )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP (SBAR as (S (NP the Beverly Hills thrift )NP (VP *UNKED (PP from (NP (NP new industry rules )NP and (NP (NP turmoil )NP (PP in (NP junk bonds )NP )PP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP plans (S (VP to (ADVP aggressively )ADVP (VP discount (NP its major beer brands )NP )VP )VP )S , (S (VP setting (NP the stage )NP (PP for (NP a price war )NP )PP (SBAR as (S (NP (NP the beer industry 's )NP growth )NP (VP *UNK )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP PS New Hampshire )NP (VP received (NP a sweetened bid )NP (PP from (NP (NP another suitor )NP , (NP United Illuminating )NP , (SBAR (WHNP which )WHNP (S (VP valued (NP its new proposal )NP (PP at (NP (NP (QP $ *UNKN billion )QP )NP , (VP (ADVP apparently )ADVP *UNKING (NP (NP all others )NP (ADVP so far )ADVP )NP )VP )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Financial markets )NP (VP *UNKED , (PP with (S (S (NP stock prices )NP (VP *UNKING (ADVP lower )ADVP )VP )S , (S (NP bonds )NP (VP *UNKING (ADVP up )ADVP )VP )S and (S (NP the dollar )NP (ADJP almost unchanged )ADJP )S )S )PP )VP . )S  STOP
(S (NP The Dow Jones industrials )NP (VP closed (ADVP off (NP *UNKN points )NP )ADVP , (PP at (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP Fed Chairman Greenspan )NP (VP said (SBAR (S (S (NP the central bank )NP (VP can (VP *UNK (PRT out )PRT (NP inflation )NP (PP without (S (VP causing (NP a recession )NP )VP )S )PP )VP )VP )S , but (S (S (VP doing (ADVP so )ADVP )VP )S (VP will (VP *UNK (NP short-term pain )NP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (NP (NP GM 's )NP Hughes Electronics unit )NP (VP said (SBAR (S (NP profit )NP (VP slid (NP 22 % )NP (PP in (NP the third quarter )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The finance unit )NP , (NP *UNKC )NP , )NP (VP said (SBAR (S (S (NP net )NP (VP fell (NP 3.1 % )NP )VP )S , but (S (NP (NP *UNKC 's )NP profit )NP (VP rose (NP 16 % )NP )VP )S )S )SBAR )VP . )S  STOP
(S (NP Campeau )NP (ADVP reportedly )ADVP (VP may (VP receive (NP (NP a (ADJP (QP $ 1.3 billion )QP )ADJP offer )NP (PP for (NP Bloomingdale 's )NP )PP )NP (PP from (NP (NP Tokyu Department *UNKC )NP (PP of (NP Japan )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Campeau )NP (VP declined (S (VP to (VP comment )VP )VP )S )VP . )S  STOP
(S (NP (NP UAL 's )NP pilots and machinists unions )NP (VP appear (S (VP to (VP hold (NP (NP the key )NP (PP to (NP (NP any future takeover bid )NP (PP for (NP the airline )NP )PP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP Provigo )NP (VP plans (S (VP to (VP sell (NP all non-food operations )NP )VP )VP )S (S (VP to (VP *UNK (PP on (NP its (ADJP retail and wholesale )ADJP grocery business )NP )PP )VP )VP )S )VP . )S  STOP
(S (ADVP Also )ADVP , (NP Chairman *UNKC Lortie )NP (VP resigned )VP . )S  STOP
(S (NP Westinghouse )NP (VP expects (NP (NP (NP operating margins )NP (PP of (NP (QP over 10 )QP % )NP )PP )NP and (NP (NP (ADJP sharply higher )ADJP earnings )NP (PP per (NP share )NP )PP )NP )NP (NP next year )NP (PP due (PP to (NP a major restructuring )NP )PP )PP )VP . )S  STOP
(S (NP Some major U.S. trade partners )NP (ADVP quickly )ADVP (VP rejected (NP (NP a compromise proposal )NP (PP by (NP Bush )NP )PP (S (VP to (VP (VP *UNK (NP trade )NP )VP and (VP reduce (NP *UNK- subsidies )NP )VP )VP )VP )S )NP )VP . )S  STOP
(NP Markets -- )NP  STOP
(NP (NP Stocks )NP : (NP (NP Volume )NP (NP *UNKN shares )NP )NP . )NP  STOP
(NP (NP (NP Dow Jones industrials )NP (NP (NP *UNKN )NP , (ADVP off (NP *UNKN )NP )ADVP )NP )NP ; (NP (NP transportation )NP (NP (NP *UNKN )NP , (ADVP off (NP *UNKN )NP )ADVP )NP )NP ; (NP (NP utilities )NP (NP (NP *UNKN )NP , (ADVP up (NP *UNKN )NP )ADVP )NP )NP . )NP  STOP
(NP (NP Bonds )NP : (NP (NP Shearson Lehman Hutton Treasury index )NP (NP (NP *UNKN )NP , (ADVP up )ADVP )NP )NP )NP  STOP
(NP (NP Commodities )NP : (NP (NP (NP Dow Jones futures index )NP (NP (NP *UNKN )NP , (ADVP up (NP *UNKN )NP )ADVP )NP )NP ; (NP (NP spot index )NP (NP (NP *UNKN )NP , (ADVP off (NP *UNKN )NP )ADVP )NP )NP )NP . )NP  STOP
(NP (NP Dollar )NP : (NP (NP (NP *UNKN yen )NP , (ADVP up (NP *UNKN )NP )ADVP )NP ; (NP (NP *UNKN marks )NP , (ADVP off (NP *UNKN )NP )ADVP )NP )NP . )NP  STOP
(S (NP *UNKC )NP (VP *UNKC (SBAR (S (NP Moscow )NP (VP wo n't (VP *UNK (PP in (NP (NP East bloc moves )NP (PP to (NP democracy )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNKC leader )NP , (PP on (NP (NP the first day )NP (PP of (NP (NP a *UNK- official visit )NP (PP to (NP *UNKC )NP )PP )NP )PP )NP )PP , (VP assured (NP (NP Finland 's )NP president )NP (SBAR that (S (NP the Soviet Union )NP (VP has `` (NP no (ADJP moral or political )ADJP right '' (S (VP to (VP interfere (PP with (NP (NP moves )NP (PP toward (NP democracy )NP )PP (PP in (UCP (NP Poland )NP , (NP Hungary )NP or (ADVP elsewhere (PP in (NP Eastern Europe )NP )PP )ADVP )UCP )PP )NP )PP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP Moscow )NP )PP , (NP the Soviet State Bank )NP (VP announced (NP (NP a (ADJP 90 % )ADJP devaluation )NP (PP of (NP the ruble )NP )PP (PP against (NP the dollar )NP )PP (PP for (NP private transactions )NP )PP )NP , (PP in (NP an apparent attempt (S (VP to (VP curb (NP (NP a black market )NP (PP for (NP hard currency )NP )PP )NP )VP )VP )S )NP )PP )VP . )S  STOP
(S (NP The action )NP (VP will (VP establish (NP a *UNK- exchange rate )NP )VP )VP . )S  STOP
(S (NP (NP Workers )NP (PP at (NP (NP six mines )NP (PP in (NP *UNKC *UNKC coal fields )NP )PP )NP )PP )NP (VP called (NP strikes )NP (PP over (NP (NP a series )NP (PP of (NP economic and political demands )NP )PP )NP )PP )VP . )S  STOP
(S (NP The move )NP (VP *UNKED (NP (NP a law )NP , (VP approved (PP in (NP Moscow )NP )PP (NP this month )NP )VP , (VP banning (NP such *UNK )NP )VP )NP )VP . )S  STOP
(S (NP THE *UNKC )NP (VP *UNKC (S (VP to (VP override (NP (NP (NP Bush 's )NP veto )NP (PP of (NP (NP a bill )NP (VP easing (NP abortion funding )NP )VP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP The chamber )NP (VP voted (ADVP (ADVP *UNKN )ADVP , (ADVP (NP 51 votes )NP short (PP of (NP (NP the two-thirds majority )NP (VP needed (S (VP to (VP *UNK (NP (NP (NP the president 's )NP veto )NP (PP of (NP (NP legislation )NP (VP renewing (NP (NP support )NP (PP of (NP (NP Medicaid abortions )NP (PP for (NP (NP poor women )NP (SBAR (WHNP who )WHNP (S (VP are (NP (NP victims )NP (PP of (NP rape and incest )NP )PP )NP )VP )S )SBAR )NP )PP )NP )PP )NP )VP )NP )PP )NP )VP )VP )S )VP )NP )PP )ADVP )ADVP )VP . )S  STOP
(S (NP The roll call )NP (VP was (VP considered (S (NP (NP an illustration )NP (PP of (NP (NP the limits )NP (PP of (NP power )NP )PP (SBAR (WHNP that )WHNP (S (NP the *UNK abortion-rights movement )NP (VP faces )VP )S )SBAR )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP The legislation )NP (VP was (NP (NP part )NP (PP of (NP (NP a (ADJP (QP $ *UNKN billion )QP )ADJP measure )NP (VP funding (NP (NP the departments )NP (PP of (NP Labor , Education , and Health )NP )PP )NP )VP )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP Michigan 's )NP Senate )NP (VP passed (NP (NP a bill )NP (VP requiring (S (NP *UNK )NP (VP to (VP get (NP (NP *UNK consent )NP (PP for (NP an abortion )NP )PP )NP )VP )VP )S )VP )NP )VP )S and (S (NP (NP Pennsylvania 's )NP House )NP (VP cleared (NP (NP a measure )NP (VP banning (NP (NP abortions )NP (PP after (NP (NP the *UNK week )NP (PP of (NP pregnancy )NP )PP )NP )PP )NP )VP )NP )VP )S . )S  STOP
(S (NP The FDA )NP (VP is (VP expected (S (VP to (VP approve (NP today )NP (NP (NP a program )NP (VP *UNKING (NP (NP access )NP (ADJP free (PP of (NP charge )NP )PP )ADJP (PP to (NP the drug AZT )NP )PP (PP for (NP (NP children )NP (PP with (NP AIDS )NP )PP )NP )PP )NP )VP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP have (VP had (NP (NP access )NP (PP to (NP the only approved *UNK drug )NP )PP )NP (PP since (NP 1987 )NP )PP )VP )VP . )S  STOP
(S (NP Research )NP (VP shows (SBAR (S (NP AZT )NP (VP can (VP relieve (NP (NP (NP *UNK )NP and (NP other symptoms )NP )NP (PP in (NP (NP children )NP , (SBAR (WHNP (NP *UNKN )NP (WHPP of (WHNP whom )WHNP )WHPP )WHNP (S (VP are (VP known (S (VP to (VP have (VP been (VP infected )VP )VP )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Congress )NP (VP sent (PP to (NP Bush )NP )PP (NP (NP a (ADJP (QP $ 2.85 billion )QP )ADJP emergency package )NP (SBAR (S (VP to (VP assist (PP in (NP (NP the recovery )NP (PP (PP from (NP (NP last week 's )NP California earthquake )NP )PP and (PP from (NP Hurricane Hugo )NP )PP )PP )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The action )NP (VP came (SBAR after (S (NP the Senate )NP (VP approved (NP the *UNKED measure )NP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP the San Francisco Bay area )NP )PP , (S (NP (QP more than *UNKN )QP people )NP (VP were (ADJP *UNK )ADJP )VP )S and (S (NP *UNK )NP (VP threatened (NP more houses )NP )VP )S . )S  STOP
(S (NP House-Senate conferees )NP (VP agreed (S (VP (VP to (VP continue (NP (NP production )NP (PP of (NP (NP Grumman Corp. 's )NP *UNKC jet )NP )PP )NP )VP )VP and (VP to (VP provide (NP (QP more than $ 3.8 billion )QP )NP (PP during (NP the current fiscal year )NP )PP (S (VP to (VP develop (NP a *UNKED *UNK- system )NP )VP )VP )S )VP )VP )VP )S )VP . )S  STOP
(S (NP The final package )NP (VP is (VP expected (S (VP to (VP be (VP announced (PP within (NP the next week )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP The White House )NP (VP has (VP decided (S (VP to (VP seek (NP (NP (NP changes )NP (PP in (NP pesticide law )NP )PP )NP (SBAR (WHNP that )WHNP (S (VP are (VP aimed (PP at (S (VP *UNKING (NP (NP the removal )NP (PP of (NP *UNK chemicals )NP )PP (PP from (NP the food supply )NP )PP )NP )VP )S )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP (NP The changes )NP , (SBAR (WHNP which )WHNP (S (VP could (VP be (VP announced (ADVP (ADVP as early )ADVP (PP as (NP today )NP )PP )ADVP )VP )VP )VP )S )SBAR , )NP (VP would (VP apply (PP to (NP (NP pesticides )NP and (NP (NP other *UNK )NP (VP found (PP on (NP (ADJP fresh and processed )ADJP foods )NP )PP )VP )NP )NP )PP )VP )VP )S , (NP officials )NP (VP said )VP . )S  STOP
(S (NP (ADJP East German )ADJP leader Krenz )NP (VP said (SBAR (S (NP he )NP (VP was (ADJP willing (S (VP to (VP hold (NP (NP talks )NP (PP with (NP (NP opposition groups )NP (VP pressing (PP for (NP internal changes )NP )PP )VP )NP )PP )NP )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The Communist Party chief )NP , (VP facing (SBAR (WHNP what )WHNP (S (VP is (VP viewed (PP as (NP (NP (NP the nation 's )NP worst *UNK )NP (PP in (NP (QP nearly 40 )QP years )NP )PP )NP )PP )VP )VP )S )SBAR )VP , )NP (VP (VP (ADVP also )ADVP said (SBAR (S (NP he )NP (VP would (VP allow (S (NP East Germans )NP (VP to (VP travel (ADVP abroad )ADVP (ADVP more freely )ADVP )VP )VP )S )VP )VP )S )SBAR )VP , but (VP made (S (ADJP clear )ADJP (SBAR that (S (NP the Berlin Wall )NP (VP would (VP remain )VP )VP )S )SBAR )S )VP )VP . )S  STOP
(S (NP A *UNKC Christian alliance )NP (VP accepted (NP (NP an *UNKED proposal )NP (VP aimed (PP at (S (VP ending (NP (NP Lebanon 's )NP *UNK- civil war )NP )VP )S )PP )VP )NP )VP . )S  STOP
(S (NP (NP The move )NP (PP by (NP (NP (NP the coalition )NP (PP of (NP political parties )NP )PP )NP and (NP (NP Lebanon 's )NP largest Christian *UNK )NP )NP )PP )NP (VP isolated (NP (NP military chief *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP has (VP rejected (NP (NP the plan )NP , (SBAR (WHNP which )WHNP (S (VP includes (NP (NP political changes )NP and (NP (NP a *UNKC *UNK withdrawal )NP (PP from (NP *UNKC )NP )PP )NP )NP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Baker )NP (VP offered (S (VP to (VP review (NP (NP (NP Israel 's )NP `` suggested changes '' )NP (PP to (NP (NP his proposal )NP (PP for (NP direct *UNKC talks )NP )PP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S But (NP (NP the secretary )NP (PP of (NP state )NP )PP )NP (VP advised (NP Israel )NP (SBAR that (S (S (VP attempting (S (VP to (VP overhaul (NP the *UNK- plan )NP )VP )VP )S )VP )S (VP *UNKED (S (VP delaying (NP (NP the negotiations )NP (VP aimed (PP at (NP *UNKC peace )NP )PP )VP )NP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP NATO defense ministers )NP (VP said (SBAR (S (NP the *UNK- alliance )NP (VP continues (S (VP to (VP need (NP a strong nuclear strategy )NP )VP )VP )S (PP despite (NP (NP political changes )NP (PP in (NP Eastern Europe )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The ministers )NP , (VP *UNKING (NP (NP a two-day meeting )NP (PP in (NP southern *UNKC )NP )PP )NP )VP , )NP (VP (VP welcomed (NP (NP Moscow 's )NP *UNK (S (VP to (VP cut (NP its military forces )NP )VP )VP )S )NP )VP , but (VP urged (NP the Soviets )NP (S (VP to (VP do (NP more )NP (S (VP to (VP slash (NP *UNK- nuclear weapons )NP )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (NP The Justice Department )NP (VP indicated (NP (NP a possible challenge )NP (PP to (NP (NP a court order )NP (VP allowing (S (NP former National Security *UNKC *UNKC )NP (VP to (VP *UNK (NP (NP *UNK- Reagan 's )NP personal papers )NP (PP for (NP (NP use )NP (PP in (NP (NP the defense case )NP (PP against (NP Iran-Contra charges )NP )PP )NP )PP )NP )PP )VP )VP )S )VP )NP )PP )NP )VP . )S  STOP
(S (NP A department spokesman )NP (VP said (SBAR (S (NP the ruling )NP `` (VP raised (NP (NP a serious question )NP '' (PP about (NP (NP the office )NP (PP of (NP the president )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Bush )NP (VP said (SBAR (S (NP Washington )NP (VP would (VP continue (NP (NP a trade *UNK )NP (PP against (NP Nicaragua )NP )PP )NP )VP )VP )S )SBAR , (S (VP declaring (SBAR that (S (NP the (ADJP Central American )ADJP country )NP (VP *UNK (NP `` (NP an (ADJP unusual and extraordinary )ADJP threat )NP '' (PP to (NP (NP the security )NP (PP of (NP the U.S. )NP )PP )NP )PP )NP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NAC Secretary (PP of (NP State )NP )PP )NAC Baker )NP (VP said (SBAR (S (NP the U.S. )NP (VP *UNKED (PP to (NP Moscow )NP )PP (PP over (NP (NP shipments )NP (PP of (NP East bloc arms )NP )PP (PP to (NP *UNKC rebels )NP )PP (PP from (NP *UNKC )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP A *UNK )NP (VP *UNKED (NP (NP a *UNK *UNK )NP (PP in (NP (NP *UNKC *UNKC )NP , (NP Brazil )NP , )NP )PP )NP )VP )S and (S (NP (QP at least 20 )QP people )NP , (S (NP (NP most )NP (PP of (NP them )NP )PP )NP (NP children )NP )S , (VP were (UCP (ADJP missing )ADJP and (VP feared (S (ADJP dead )ADJP )S )VP )UCP )VP )S . )S  STOP
(S (NP (NP The city 's )NP mayor )NP (VP vowed (S (VP to (VP take (NP (NP legal action )NP (PP against (NP (NP developers )NP (SBAR (WHNP who )WHNP (S (VP had (VP been (VP *UNKING (PP at (NP (NP the *UNK )NP (PP of (NP the *UNK )NP )PP )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC 's )NP premier )NP (VP (VP said (SBAR (S (NP he )NP (VP supports (NP broad (ADJP political and economic )ADJP restructuring )NP )VP )S )SBAR )VP , but (VP ruled (PRT out )PRT (NP (NP any dialogue )NP (PP between (NP (NP (NP *UNKC 's )NP Communist government )NP and (NP independent (UCP *UNK- or dissident )UCP groups )NP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (VP ending (NP (NP a two-day visit )NP (PP to (NP *UNKC )NP )PP )NP )VP , )NP (VP pledged (NP (NP changes )NP (PP in (NP *UNKC )NP )PP , (PP including (NP (NP *UNK travel )NP (PP to (NP the West )NP )PP )NP )PP )NP )VP . )S  STOP
(FRAG (VP *UNKED )VP : (NP (NP Mary *UNKC )NP , (NP 77 )NP , (NP (NP *UNK )NP and (NP *UNK critic )NP )NP )NP , (PP in (NP New York City )NP )PP , (PP of (NP cancer )NP )PP ... . )FRAG  STOP
(FRAG (NP (NP *UNKC *UNKC )NP , (NP 73 )NP , (NP (NP (NP founder )NP and (NP *UNK- executive )NP )NP (PP of (NP (NP Interpublic Group )NP (PP of (NP Cos. )NP )PP )NP )PP )NP )NP , (PP in (NP Oklahoma City )NP )PP , (PP of (NP a heart attack )NP )PP . )FRAG  STOP
(S (NP *UNKC Coors Co. )NP (VP said (SBAR (S (NP (NP William K. Coors )NP , (NP chairman )NP , )NP (VP assumed (NP (NP the additional responsibilities )NP (PP of (NP president )NP )PP )NP , (S (VP succeeding (NP Jeffrey H. Coors )NP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Jeffrey Coors )NP , (ADJP (NP 44 years )NP old )ADJP , )NP (VP had (VP been (NP president )NP (PP since (NP (NP 1985 )NP , (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP succeeded (NP his father Joseph )NP (PP in (NP the job )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S But (NP the *UNK )NP (VP said (SBAR (S (NP Jeffrey Coors )NP (ADVP voluntarily )ADVP (VP gave (PRT up )PRT (NP the position )NP (S (VP to (VP focus (NP (NP more )NP (PP of (NP his energy )NP )PP )NP (PP on (NP (NP Coors Technology Co. )NP , (NP (NP a small unit )NP (PP of (NP Coors )NP )PP (SBAR (S (NP he )NP (VP has (VP run (PP for (NP several years )NP )PP )VP )VP )S )SBAR )NP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP A Coors spokesman )NP (VP said (SBAR (S (NP the company )NP (VP does n't (VP believe (SBAR (S (NP the move )NP (VP will (VP (VP (ADVP further )ADVP increase (NP (NP William Coors 's )NP influence )NP )VP or (VP reduce (NP (NP the influence )NP (PP of (NP (NP (NP Jeffrey Coors )NP , (NP Peter Coors )NP or (NP Joseph Coors Jr. )NP )NP , (SBAR (WHNP who )WHNP (S (VP run (NP (NP the company 's )NP three operating units )NP )VP )S )SBAR )NP )PP )NP )VP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP It )NP (ADVP certainly )ADVP (VP was n't (VP intended (S (VP to (VP be (NP a *UNK )NP )VP )VP )S )VP )VP )S , '' (NP the spokesman )NP (VP said )VP . )S  STOP
(S `` (NP (NP *UNKC )NP and (NP *UNKC )NP and (NP Joe Jr. )NP )NP (VP (VP have (VP taken (PRT over )PRT (NP the *UNK )NP )VP )VP and (VP are (VP doing (NP (NP most )NP (PP of (NP the work )NP )PP )NP )VP )VP )VP . )S  STOP
(S (NP We )NP (VP do n't (VP think (SBAR (S (NP this )NP (VP will (VP affect (NP that )NP )VP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP (NP Jeffrey )NP , (NP Peter )NP and (NP Joseph Jr. )NP )NP (VP are (NP brothers )NP )VP . )S  STOP
(S (NP William Coors )NP (VP is (NP their *UNK )NP )VP . )S  STOP
(S (NP (NP Jeffrey )NP , (NP Peter )NP , (NP Joseph Jr. )NP , (NP William )NP and (NP Joseph *UNKC )NP )NP (VP constitute (NP (NP the company 's )NP board )NP )VP . )S  STOP
(S (NP Peter Coors )NP (VP runs (NP (NP the Coors Brewing Co. unit )NP , (NP (NP (NP the nation 's )NP *UNK- *UNK )NP (SBAR (WHNP that )WHNP (S (VP accounted (PP for (NP (NP (QP $ *UNKN billion )QP )NP (PP of (NP (NP (NP *UNKC Coors 's )NP (QP $ *UNKN billion )QP )NP (PP in (NP 1988 sales )NP )PP )NP )PP )NP )PP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (NP Joseph Jr. )NP (VP runs (NP (NP Coors *UNKC Co. )NP , (NP the other operating unit )NP , (SBAR (WHNP which )WHNP (S (VP had (NP (NP (QP about $ 150 million )QP )NP (PP in (NP 1988 sales )NP )PP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Dun & Bradstreet Corp. )NP (VP said (SBAR (S (NP business failures )NP (VP fell (NP *UNKN % )NP (PP to (NP *UNKN )NP (PP in (NP the third quarter )NP )PP )PP (PP from (NP *UNKN )NP (PP in (NP the year-earlier period )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP the first nine months )NP (PP of (NP this year )NP )PP )NP )PP , (NP business failures )NP (VP dropped (NP 15.6 % )NP (PP to (NP *UNKN )NP )PP (PP from (NP *UNKN )NP )PP )VP . )S  STOP
(S (PP *UNKC (PP for (NP (NP a few spots )NP , (ADVP notably )ADVP (NP Georgia , Virginia and Michigan )NP , )NP )PP )PP (NP failures )NP (VP declined (PP (ADVP almost )ADVP across (NP the board )NP )PP , (PP according (PP to (NP the business information services company )NP )PP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP *UNK (NP a business failure )NP (PP as (NP (NP a company )NP (SBAR (WHNP that )WHNP (S (VP *UNK (PP with (NP (NP losses )NP (PP to (NP creditors )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (S (NP (NP The current decline )NP (PP in (NP failures )NP )PP )NP (VP continues (NP (NP a trend )NP (VP begun (PP in (NP late 1987 )NP )PP )VP )NP )VP )S , (NP *UNKC )NP (VP said )VP . )S  STOP
(S (S (NP The drop )NP (VP *UNKED (PP in (NP (NP this year 's )NP third quarter )NP )PP , (S (VP *UNKING (NP (NP an overall lack )NP (PP of (NP stress )NP )PP (PP in (NP the U.S. economy )NP )PP )NP )VP )S )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP in (NP (QP seven of nine )QP regional areas )NP )PP )NP (VP fell (NP (QP more than 10 )QP % )NP (PP in (NP the nine months )NP )PP )VP . )S  STOP
(S (NP The South Atlantic States )NP (VP were (NP (NP the only region )NP (SBAR (S (VP to (VP report (NP (NP an increase )NP (PP in (NP *UNK )NP )PP )NP , (ADVP up (NP 5.3 % )NP (PP to (NP *UNKN )NP )PP (PP from (NP *UNKN )NP )PP )ADVP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP This )NP (VP occurred (PP (ADVP partly )ADVP because of (NP more competition )NP )PP (SBAR as (S (NP (NP the number )NP (PP of (NP new businesses )NP )PP )NP (VP surged )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The only industry sector )NP (SBAR (S (VP to (VP report (NP (NP more business failures )NP (PP for (NP the nine months )NP )PP )NP )VP )VP )S )SBAR )NP (VP was (NP (NP the (UCP finance , insurance and real-estate )UCP sector )NP , (SBAR (WHADVP where )WHADVP (S (NP *UNK )NP (VP grew (NP *UNKN % )NP (PP to (NP *UNKN )NP )PP (PP from (NP *UNKN )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP (NP The troubled savings-and-loan industry )NP and (NP (NP subsequent stress )NP (PP in (NP real-estate businesses )NP )PP )NP )NP (VP fueled (NP (NP *UNK )NP (PP in (NP this sector )NP )PP )NP )VP )S , (NP *UNKC )NP (VP said )VP . )S  STOP
(S (NP A major Tokyo newspaper )NP (VP reported (SBAR that (S (NP a Japanese department store concern )NP (VP is (VP planning (S (VP to (VP offer (NP (QP about $ 1.3 billion )QP )NP (S (VP to (VP buy (NP Bloomingdale 's )NP )VP )VP )S )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Campeau Corp. )NP , (NP (NP the chain 's )NP owner )NP , )NP (VP declined (S (VP to (VP comment (PP on (NP the report )NP )PP )VP )VP )S )VP . )S  STOP
(S (S (NP A spokeswoman )NP (VP said (SBAR (S (NP Toronto-based Campeau )NP (VP has (VP received `` (NP (NP *UNK )NP (PP of (NP (NP interest )NP '' (PP in (NP Bloomingdale 's )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP )S , but (S (NP she )NP (VP declined (S (VP to (VP comment (PP on (SBAR whether (S (NP any actual bids )NP (VP had (VP been (VP made )VP )VP )VP )S )SBAR )PP )VP )VP )S )VP )S . )S  STOP
(S (NP (NP *UNKC *UNKC *UNKC )NP , (NP (NP Japan 's )NP leading economic newspaper )NP , )NP (VP reported (NP Wednesday )NP (SBAR that (S (NP Tokyu Department *UNKC Co. )NP (VP is (VP planning (S (VP to (VP team (PRT up )PRT (PP with (NP (UCP U.S. and (ADJP Western European )ADJP )UCP financing )NP )PP (S (VP to (VP buy (NP (NP the (ADJP New York-based )ADJP retail chain )NP , (SBAR (WHNP which )WHNP (S (NP Campeau )NP (VP has (VP put (PRT up )PRT (PP for (NP sale )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The service )NP (VP did n't (VP identify (NP its Tokyu sources )NP )VP )VP . )S  STOP
(SINV `` (S (NP This )NP (VP is (NP (NP the first )NP (PP of (NP (NP many rumors )NP (SBAR (S (NP we )NP (VP expect (S (VP to (VP hear (PP during (NP (NP the sale 's )NP process )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )NP )VP )S , '' (VP said )VP (NP a (NP Bloomingdale 's )NP spokesman )NP . )SINV  STOP
(S `` (NP We )NP (VP wo n't (VP comment (PP on (NP them )NP )PP )VP )VP . '' )S  STOP
(S (NP Tokyu executives )NP (VP were n't (ADJP available (PP for (NP comment )NP )PP )ADJP (NP early Thursday morning )NP (PP in (NP Tokyo )NP )PP )VP . )S  STOP
(S (NP (NP (NP Campeau 's )NP chairman )NP , (NP Robert Campeau )NP , )NP (VP said (PP at (NP its annual meeting )NP )PP (PP in (NP July )NP )PP (SBAR that (S (NP he )NP (VP valued (NP Bloomingdale 's )NP (PP at (NP (QP $ 2 billion )QP )NP )PP )VP )S )SBAR )VP . )S  STOP
(SINV (PP Among (NP (ADJP previously disclosed )ADJP possible bidders )NP )PP (VP is )VP (NP (NP (NP Bloomingdale 's )NP Chairman Marvin *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP has (VP *UNKED (NP himself )NP (PP with (NP (NP Drexel Burnham Lambert Inc. )NP and (NP *UNKC Group )NP )NP )PP )VP )VP )S )SBAR )NP . )SINV  STOP
(S (NP (NP Investment bankers )NP (PP in (NP Tokyo )NP )PP )NP (VP confirmed (SBAR that (S (NP Tokyu Department *UNKC )NP (VP is (NP (NP one )NP (PP of (NP several Japanese companies )NP )PP (SBAR (WHNP that )WHNP (S (VP has (VP been (VP approached (PP by (NP (NP representatives )NP (PP of (NP (NP a management committee )NP (VP headed (PP by (NP (NP Bloomingdale 's )NP Mr. *UNKC )NP )PP )VP )NP )PP )NP )PP )VP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S But (NP they )NP (VP said (SBAR (S (NP detailed financial figures )NP (VP have n't (VP been (VP passed (ADVP yet )ADVP (PP to (NP any prospective buyers )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP Nobody )NP (VP is (VP going (S (VP to (VP make (NP a real bid )NP (PP before (NP (NP the middle )NP (PP of (NP November )NP )PP )NP )PP )VP )VP )S )VP )VP )S , '' (VP said )VP (NP (NP one investment banker )NP (ADJP familiar (PP with (NP (NP the discussions )NP (PP in (NP Japan )NP )PP )NP )PP )ADJP )NP . )SINV  STOP
(S `` (NP Tokyu )NP (VP is (NP (NP one )NP (PP of (NP the potential buyers )NP )PP (SBAR (WHNP who )WHNP (S (VP might (VP raise (NP its hand )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S But (NP it )NP (VP 's (PP in (NP (ADJP very early )ADJP stages )NP )PP (ADVP still )ADVP )VP . '' )S  STOP
(S (NP Bloomingdale 's )NP (VP is (NP (NP a *UNK- chain )NP (VP acquired (NP last year )NP (PP by (NP Campeau )NP )PP (PP in (NP (NP its (ADJP (QP $ 6.6 billion )QP )ADJP acquisition )NP (PP of (NP Federated )NP )PP )NP )PP )VP )NP )VP . )S  STOP
(S (NP Bloomingdale 's )NP (VP does (NP (NP an estimated (QP $ 1.2 billion )QP )NP (PP in (NP annual sales )NP )PP )NP )VP . )S  STOP
(S (NP (NP The sale )NP (PP of (NP Bloomingdale 's )NP )PP )NP (VP is (NP (NP a condition )NP (PP of (NP (NP efforts )NP (PP by (NP Toronto-based *UNKC & York *UNKC Ltd. )NP )PP (S (VP to (VP *UNK (NP (NP (QP $ 800 million )QP )NP (PP in (NP bridge financing )NP )PP )NP (PP for (NP (NP Campeau )NP , (SBAR (WHNP which )WHNP (S (VP disclosed (NP last month )NP (SBAR that (S (NP (NP its retailing units )NP , (NP (NP Federated Department Stores Inc. )NP and (NP Allied Stores Corp. )NP )NP , )NP (VP were (ADJP *UNKED (PP for (NP cash )NP )PP )ADJP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )VP )S )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (VP owned (PP by (NP (NP Toronto 's )NP *UNKC family )NP )PP )VP , )NP (VP is (ADVP also )ADVP (VP *UNKING (NP (NP major restructuring and refinancing )NP (PP of (NP (NP Campeau )NP , (NP a Toronto-based real estate and retailing company )NP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP One executive )NP (ADJP familiar (PP with (NP (NP the Bloomingdale 's )NP situation )NP )PP )ADJP )NP (VP said , `` (S (S (NP No book )NP (VP has (VP been (VP issued (S (VP regarding (NP Bloomingdale 's )NP )VP )S )VP )VP )VP )S , (S (NP there )NP (VP are (NP no projections )NP )VP )S , so (S (NP I )NP (VP doubt (ADVP very much )ADVP (SBAR whether (S (NP any bid )NP (VP has (VP been (VP made )VP )VP )VP )S )SBAR )VP )S )S )VP . '' )S  STOP
(S (ADVP Separately )ADVP , (NP a Campeau shareholder )NP (VP filed (NP suit )NP , (S (VP charging (NP (NP Campeau )NP , (NP Chairman Robert Campeau )NP and (NP other officers )NP )NP (PP with (S (VP violating (NP securities law )NP )VP )S )PP )VP )S )VP . )S  STOP
(S (NP (NP The suit )NP , (VP filed (PP in (NP (NP U.S. District Court )NP (PP in (NP Manhattan )NP )PP )NP )PP )VP , )NP (VP seeks (NP *UNK- status )NP )VP . )S  STOP
(S (NP The suit )NP (VP *UNK (NP (NP the retailer )NP and (NP (NP several )NP (PP of (NP its officers )NP )PP )NP )NP (PP of (S (VP making (NP (NP (ADJP false and misleading )ADJP statements )NP (PP about (NP (NP the company 's )NP business affairs )NP )PP )NP )VP )S )PP )VP . )S  STOP
(S (NP The suit )NP (VP says (SBAR (S (NP the company )NP (VP failed (S (VP to (VP disclose (NP (NP material adverse information )NP (PP about (NP its financial condition )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A spokesman )NP (PP for (NP the company )NP )PP )NP (VP (VP said (SBAR (S (NP Campeau )NP (VP has n't (VP seen (NP the suit )NP )VP )VP )S )SBAR )VP and (VP declined (S (VP to (VP comment )VP )VP )S )VP )VP . )S  STOP
(S (S (NP McCaw Cellular Communications Inc. )NP (VP must (VP extend (NP (NP its offer )NP (PP for (NP LIN Broadcasting Corp. )NP )PP )NP (SBAR because (S (NP it )NP (VP has `` not (ADVP yet )ADVP (VP announced (NP (NP committed financing )NP (ADJP sufficient (S (VP to (VP complete '' (NP the bid )NP )VP )VP )S )ADJP )NP )VP )VP )S )SBAR )VP )VP )S , (NP LIN )NP (VP said (PP in (NP New York )NP )PP )VP . )S  STOP
(S (S (PP According (PP to (NP Securities and Exchange Commission rules )NP )PP )PP , (NP McCaw )NP (VP is (VP required (S (VP to (VP keep (S (NP (NP its offer )NP (PP for (NP the *UNK- and broadcasting concern )NP )PP )NP (ADJP open )ADJP (PP for (NP (QP at least five )QP business days )NP )PP (PP after (NP (NP the announcement )NP (PP of (NP the financing )NP )PP )NP )PP )S )VP )VP )S )VP )VP )S , (NP LIN )NP (VP said )VP . )S  STOP
(S (NP (NP McCaw 's )NP offer )NP (VP is (VP scheduled (S (VP to (VP expire (NP tomorrow )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Last week )NP , (NP McCaw )NP (VP said (SBAR (S (NP it )NP (VP obtained (NP (NP `` firm '' financing commitments )NP )NP (PP from (NP three major banks )NP )PP (PP in (NP (NP regard )NP (PP to (NP its bid (S (VP to (VP control (NP LIN Broadcasting )NP )VP )VP )S )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The banks )NP (ADVP jointly )ADVP (VP committed (NP (NP (NP (QP $ 1.2 billion )QP )NP (PP of (NP financing )NP )PP )NP , (ADJP subject (PP to (NP certain conditions )NP )PP )ADJP )NP )VP )S , (NP McCaw )NP (VP said )VP . )S  STOP
(S (NP (NP A spokesman )NP (PP for (NP McCaw )NP )PP )NP (VP said (SBAR (S (NP the company )NP (VP was `` (VP moving (ADVP forward )ADVP (PP with (NP our financing )NP )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP added (SBAR that `` (S (ADVP *UNKLY )ADVP (NP LIN )NP (VP will (VP conduct (NP a fair auction )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP McCaw )NP (VP wants (S (VP to (VP (VP buy (NP (NP (QP 22 million )QP shares )NP (PP of (NP LIN )NP )PP )NP (PP for (NP (NP (NP $ 125 )NP (NP each )NP )NP , or (NP (QP $ 2.75 billion )QP )NP , )NP )PP )VP (SBAR (WHNP which )WHNP (S (VP would (VP result (PP in (S (NP McCaw 's )NP (VP owning (NP (NP *UNKN % )NP (PP of (NP LIN )NP )PP )NP )VP )S )PP )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP The offer )NP (VP is (PP in (NP *UNK )NP )PP , (ADVP however )ADVP , (SBAR because (S (NP LIN )NP (VP has (VP agreed (S (VP to (VP merge (NP its *UNK- businesses )NP (PP with (NP BellSouth Corp )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP national over-the-counter trading )NP )PP (NP yesterday )NP , (NP LIN )NP (VP rose (NP 50 cents )NP , (PP to (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP declared (NP (NP a *UNKN split )NP (PP of (NP its common stock )NP )PP , (ADJP payable (NP Nov. 27 )NP (PP to (NP (NP stock )NP (RRC (PP of (NP record )NP )PP (NP Nov. 10 )NP )RRC )NP )PP )ADJP )NP )VP . )S  STOP
(S (NP The clinical testing services holding company )NP (VP is (VP based (PP in (NP (NP San *UNKC *UNKC )NP , (NP Calif )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP StatesWest Airlines )NP , (NP Phoenix , Ariz. , )NP )NP (VP said (SBAR (S (NP it )NP (VP sent (NP a (ADJP more detailed )ADJP merger proposal )NP (PP to (NP *UNK- Mesa Airlines )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (ADJP *UNKC , *UNKED )ADJP Mesa )NP (VP (VP has (ADVP consistently )ADVP (VP rejected (NP (NP StatesWest 's )NP offers )NP )VP )VP , and (VP (NP early this week )NP said (SBAR (S (NP its board )NP (VP would n't (VP give (NP the proposal )NP (NP further consideration )NP )VP )VP )S )SBAR , (S (VP calling (S (NP it )NP `` (ADJP *UNK and *UNKED )ADJP '' )S (SBAR because (S (NP it )NP (VP did n't (VP describe (NP (NP (NP the source )NP (PP of (NP funds )NP )PP )NP or (NP (NP the specific terms )NP (PP of (NP (NP StatesWest securities )NP (SBAR (WHNP which )WHNP (S (VP were (NP (NP part )NP (PP of (NP the offer )NP )PP )NP )VP )S )SBAR )NP )PP )NP )NP )VP )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(S (NP The new letter )NP (VP *UNK (S (VP to (VP do (NP this )NP )VP )VP )S , (S (VP saying (SBAR that (S (PP in (NP (NP addition )NP (PP to (NP (NP $ 7 )NP (NP a share )NP (PP in (NP cash )NP )PP )NP )PP )NP )PP , (NP StatesWest )NP (VP would (VP offer (NP (NP one share )NP (PP of (NP (NP (NP new (ADJP 6 % )ADJP convertible preferred stock )NP (PP of (NP StatesWest )NP )PP )NP (SBAR (S (NP it )NP (VP values (PP at (NP (NP $ 3 )NP (NP a share )NP )NP )PP )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP said (SBAR (S (NP (NP the cash portion )NP (PP of (NP the transaction )NP )PP )NP (VP would (VP be (VP financed (PP with (NP (NP (NP StatesWest 's )NP own (NX (NX cash )NX and (NX short-term investments )NX )NX )NP , plus (NP (NP debt )NP and (NP (NP other financing )NP (VP arranged (PP through (NP (NP *UNKC Brown & Co. )NP , (NP (NP the company 's )NP investment banker )NP )NP )PP )VP )NP )NP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP national over-the-counter trading )NP )PP (NP yesterday )NP , (NP Mesa )NP (VP closed (PP at (NP $ 7.25 )NP , )PP (ADVP up (NP 25 cents )NP )ADVP )VP . )S  STOP
(S (NP StatesWest )NP (VP asked (NP Mesa )NP (S (VP to (VP *UNK (PP by (NP Oct. 31 )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Mesa President Larry *UNKC )NP (VP said (SBAR (S (NP his board )NP (VP (VP had (VP received (NP (NP *UNKC 's )NP (ADJP most recent )ADJP offer )NP )VP )VP and (VP was (VP reviewing (NP it )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Inc. )NP , (S (VP citing (NP (NP continuing improvement )NP (PP in (NP the apparel market )NP )PP )NP )VP )S , (VP said (SBAR (S (NP third-quarter net income )NP (VP jumped (NP 65 % )NP (PP from (NP the soft year-earlier period )NP )PP , (PP on (NP (NP an (ADJP 11 % )ADJP increase )NP (PP in (NP revenue )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The catalog retailer )NP (VP reported (NP (NP net income )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 21 cents )NP (NP a share )NP )NP )NP )PP , (ADVP up (ADVP sharply )ADVP (PP from (NP (NP (QP $ 6.6 million )QP )NP , or (NP (NP 13 cents )NP (NP a share )NP )NP )NP , (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )NP )VP . )S  STOP
(S (NP Revenue )NP (VP rose (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP Spiegel )NP (VP said (SBAR (S (NP margins )NP (VP improved (SBAR because (S (NP (NP its inventory position )NP )NP (NP this year )NP (VP did n't (VP need (NP (NP the costly *UNK )NP (VP required (S (VP to (VP trim (NP (NP last year 's )NP *UNK levels )NP )VP )VP )S )VP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP A spokeswoman )NP (VP said (SBAR (S (NP the apparel market )NP (VP (VP *UNKED (PP in (NP (NP the first half )NP (PP of (NP 1988 )NP )PP )NP )PP )VP , then (VP began (S (VP showing (NP improvement )NP )VP )S (PP in (NP (NP the second half )NP (PP of (NP last year )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP We )NP (VP 've (VP seen (NP continued improvement )NP (PP in (NP 1989 )NP )PP )VP )VP )S , '' (NP she )NP (VP said )VP . )S  STOP
(S (S (NP (NP The year-ago quarter 's )NP results )NP (VP were (VP *UNKED (PP by (NP (NP expenses )NP (VP associated (PP with (NP (NP (NP Spiegel 's )NP (ADJP (QP $ *UNKN million )QP )ADJP acquisition )NP (PP of (NP *UNK- Eddie *UNKC )NP )PP )NP )PP )VP )NP )PP )VP )VP )S , (NP Spiegel )NP (VP noted )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP the company )NP (VP said (SBAR (S (NP ongoing cost-cutting efforts )NP (VP contributed (PP to (NP (NP the latest period 's )NP earnings *UNK )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Spiegel )NP (VP is (ADJP *UNKED (PP by (NP (NP the *UNKC family )NP (PP of (NP West Germany )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (PP In (NP national over-the-counter trading )NP )PP , (NP (NP the company 's )NP shares )NP (VP climbed (NP 37.5 cents )NP (PP to (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (PP For (NP the latest nine months )NP )PP , (NP (NP Spiegel 's )NP net )NP (VP climbed (NP a solid 47 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 46 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP 34 cents )NP )NP )PP )VP . )S  STOP
(S (PP Unlike (NP (NP (NP the quarter 's )NP results )NP , (SBAR (WHNP which )WHNP (S (VP were (VP based (PP on (NP (NP (ADJP roughly equal )ADJP shares )NP (ADJP outstanding )ADJP )NP )PP )VP )VP )S )SBAR )NP )PP , (NP nine-month per-share figures )NP (VP reflect (NP (NP an increase )NP (PP in (NP (NP average common shares )NP (ADJP outstanding )ADJP )NP )PP (PP to (NP *UNKN million )NP )PP (PP from (NP 47 million )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC revenue )NP (VP was (NP (NP (QP $ 1.02 billion )QP )NP , (ADVP up (NP 22 % )NP (PP from (NP (QP $ *UNKN million )QP )NP )PP )ADVP )NP )VP . )S  STOP
(S (NP The bad news )NP (PP in (NP the junk bond market )NP )PP (NP yesterday )NP (VP was (SBAR that (S (NP (NP TW Services )NP , (NP (NP a group )NP (PP of (NP restaurant chains )NP )PP )NP , )NP (VP became (NP (NP the latest prospective *UNK )NP (SBAR (S (VP to (VP get (NP a cold *UNK )NP (PP from (NP bond buyers )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The good news )NP (PRN -- (PP to (NP (NP fans )NP (PP of (NP stable credit )NP )PP )NP )PP , (ADVP at least )ADVP -- )PRN (VP is (SBAR (WHNP what )WHNP (S (NP the rejection )NP (VP says (PP about (NP (NP the state )NP (PP of (NP mind )NP )PP (PP of (NP junk buyers )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (ADVP *UNKLY )ADVP (NP they )NP (VP are (VP learning (S (VP to (VP say (INTJ no )INTJ (PP to (NP excess risk )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Coniston Partners )NP , (SBAR (WHNP which )WHNP (S (PP with (NP related entities )NP )PP (VP controls (NP (NP 80 % )NP (PP of (NP TW )NP )PP )NP )VP )S )SBAR , )NP (VP had (VP been (VP planning (S (VP to (VP sell (NP (NP (QP $ 1.15 billion )QP )NP (PP of (NP junk bonds )NP )PP )NP , (PP among (NP other things )NP )PP (S (VP to (VP finance (NP (NP their acquisition )NP (PP of (NP the remaining public shares )NP )PP )NP )VP )VP )S )VP )VP )S )VP )VP )VP . )S  STOP
(S But (NP (NP Coniston )NP , (NP (NP a New York partnership )NP (VP managed (PP by (NP (NP the firm )NP (PP of (NP *UNKC , *UNKC & Oliver )NP )PP )NP )PP )VP )NP , )NP (NP yesterday )NP (VP announced (SBAR that (S `` (PP in (NP (NP view )NP (PP of (NP (NP unsettled conditions )NP (PP in (NP securities markets )NP )PP )NP )PP )NP )PP '' (NP the offering )NP (VP would (VP be (VP postponed and restructured )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (VP was n't (VP mentioned )VP )VP )S )SBAR (VP is (SBAR that (S (NP (NP Coniston )NP and (NP (NP its investment banker )NP , (NP Donaldson , Lufkin & Jenrette )NP , )NP )NP (ADVP just )ADVP (VP completed (NP a *UNK- `` road show '' )NP (PP for (NP (NP the purpose )NP (PP of (S (VP marketing (NP the bonds )NP )VP )S )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S And (NP investors )NP , (PP (ADVP at least )ADVP for (ADVP now )ADVP )PP , (VP took (NP a pass )NP )VP . )S  STOP
(S (NP (NP TW 's )NP junk bonds )NP (VP were n't (PRN , (SBAR as (S (NP junk bonds )NP (VP go )VP )S )SBAR , )PRN (ADJP unusually weak )ADJP )VP . )S  STOP
(S (NP (NP Its fast-food restaurants )NP -- (PP including (NP *UNKC 's )NP , (NP *UNKC 's )NP , (NP *UNKC 's )NP and (NP (NP El *UNKC *UNKC )NP (PRN -LRB- `` (NP (NP the only significant fast-food chain )NP (SBAR (S (VP to (VP *UNK (PP in (NP *UNKED *UNK )NP )PP )VP )VP )S )SBAR )NP '' -RRB- )PRN )NP )PP -- )NP (VP are (UCP (ADJP stable )ADJP , (ADJP *UNK- )ADJP and (VP growing )VP )UCP )VP . )S  STOP
(S But (SBAR unless (S (NP they )NP (VP continued (S (VP to (VP grow )VP )VP )S )VP )S )SBAR , (NP (NP TW )NP , (VP based (PP in (NP *UNKC , N.J. )NP )PP )VP , )NP (VP would (VP have (VP run (PP into (NP trouble )NP )PP )VP )VP )VP . )S  STOP
(S (PP Until (ADVP recently )ADVP )PP , (NP such *UNK- , *UNK- deals )NP (VP were (ADJP routine )ADJP )VP . )S  STOP
(SINV `` (S But (NP people )NP (VP do n't (VP buy (NP anything )NP (PP on (NP expectation )NP )PP (ADVP anymore )ADVP )VP )VP )S , '' (VP says )VP (NP (NP Jack *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP manages (NP (NP the high-yield fund )NP (PP of (NP *UNKC Financial Services )NP )PP )NP )VP )S )SBAR )NP . )SINV  STOP
(S `` (NP Investors )NP (PRN , '' (S (NP he )NP (VP adds )VP )S , `` )PRN (VP are (VP getting (NP *UNK )NP )VP )VP . '' )S  STOP
(S (NP The TW buy-out )NP (VP may (ADVP yet )ADVP (VP be (VP financed )VP )VP )VP . )S  STOP
(SINV `` (S (NP There )NP (VP is (NP (NP nothing )NP (ADJP wrong (PP with (NP the company )NP )PP )ADJP )NP )VP )S , '' (VP says )VP (NP Coniston principal Paul *UNKC )NP . )SINV  STOP
(S (NP The *UNK )NP (PRN , (S (NP he )NP (VP says )VP )S , )PRN (VP is (SBAR that `` (S (NP the junk market )NP (VP is n't (ADJP (ADJP as deep '' )ADJP (PP as (ADVP before )ADVP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP TW 's )NP *UNK meeting )NP (VP was (VP postponed (PP from (NP tomorrow )NP )PP (PP to (NP Nov. 21 )NP )PP )VP )VP . )S  STOP
(S (PP By (ADVP then )ADVP )PP , (NP *UNKC )NP (VP hopes (S (VP to (VP be (ADJP able (S (VP to (VP sell (NP *UNK- junk bonds )NP )VP )VP )S )ADJP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC , *UNKC & Oliver )NP (VP is (ADJP likely (S (VP to (VP contribute (NP (NP more )NP (PP than (NP (NP the (QP $ 120 million )QP )NP (PP in (NP equity )NP )PP (SBAR (S (NP it )NP (VP had (VP planned (PP on )PP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP Banks )NP (VP may (VP contribute (NP more senior debt )NP )VP )VP . )S  STOP
(S And (NP (NP the total amount )NP (PP of (NP junk financing )NP )PP )NP (VP will (VP be (VP reduced )VP )VP )VP . )S  STOP
(S (NP (NP A *UNKC banker )NP , (VP putting (NP a (ADJP best possible )ADJP face )NP (PP on (NP it )NP )PP )VP , )NP (VP asserts (SBAR that `` (S (NP (ADJP very few )ADJP people )NP (VP said (SBAR (S (NP they )NP (VP did n't (VP like (NP the credit quality )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP People )NP (VP said (SBAR (S (NP they )NP (VP did n't (VP think (SBAR (S (NP a *UNK- deal )NP (VP would (VP trade )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . '' )S  STOP
(S But (NP trading risk )NP (VP stems (PP from (NP credit risk )NP )PP )VP . )S  STOP
(S And (PP by (S (VP adding (NP equity )NP )VP )S )PP , (NP *UNKC )NP (VP would (VP seem (S (VP to (VP be (VP *UNKING (SBAR that (S (NP credit risk )NP (VP was (NP a concern )NP )VP )S )SBAR )VP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP Indeed )ADVP (PRN , (S (NP the *UNKC banker )NP (VP says )VP )S , )PRN (PP in (NP the *UNK capital structure )NP )PP (NP (NP cash coverage )NP (PP of (NP interest )NP )PP )NP `` (VP will (ADVP *UNKLY )ADVP (VP improve )VP )VP . '' )S  STOP
(S (SBAR As (S (NP he )NP (VP *UNK (NP it )NP (PRT up )PRT )VP )S )SBAR : `` (NP We )NP (VP are (VP listening (PP to (NP the market )NP )PP )VP )VP . '' )S  STOP
(SBARQ (WHNP What )WHNP (SQ (VP is )VP (NP (NP it )NP )NP (PRN , (S (VP to (VP borrow (NP a term )NP (PP from (NP Coniston )NP )PP )VP )VP )S , )PRN (SBAR (WHNP that )WHNP (S (ADVP so )ADVP (VP unsettled (NP the market )NP )VP )S )SBAR )SQ ? )SBARQ  STOP
(NP (NP Some )NP (PP of (NP (NP the same risks )NP (SBAR (WHNP that )WHNP (S (VP were (VP (VP cited )VP -- and (VP (ADVP seemingly )ADVP ignored )VP -- (PP in (NP (NP dozens )NP (PP of (NP previous junk offerings )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP . )NP  STOP
(S (NP The TW prospectus )NP (VP says (SBAR that (S (SBAR if (S (NP the acquisition )NP (VP had (VP been (VP completed (ADVP earlier )ADVP )VP )VP )VP )S )SBAR , (NP pretax earnings )NP `` (VP would (VP have (VP been (ADJP *UNK (S (VP to (VP cover (NP (NP its fixed charges )NP , (PP including (NP (NP interest )NP (PP on (NP debt securities )NP )PP )NP )PP , )NP )VP )VP )S '' (PP by (NP (QP approximately $ *UNKN million )QP )NP )PP )ADJP (PP in (NP (NP the first six months )NP (PP of (NP 1989 )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP TW )NP (VP notes (PRN , (SBAR as (S (NP many junk issuers )NP (VP do )VP )S )SBAR , )PRN (SBAR that (S `` (S (VP adjusted (S (VP to (VP eliminate (NP *UNK- charges )NP )VP )VP )S )VP )S '' (NP TW )NP (VP would (VP have (VP run (NP (NP a cash surplus )NP (PRN -- (PP in (NP this case )NP )PP , (PP of (NP (NP (QP $ 56 million )QP )NP (PP over (NP six months )NP )PP )NP )PP )PRN )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP such calculations )NP (VP ignore (NP (NP the *UNK charge )NP (PP of (NP (NP depreciation )NP , (VP taken (S (VP to (VP allow (PP for (NP (NP (NP the *UNK wearing out )NP (PP of (NP *UNK *UNK )NP )PP )NP , (NP (NP deterioration )NP (PP of (NP stores )NP )PP )NP and (NP the like )NP )NP )PP )VP )VP )S )VP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP fact )NP )PP (PRN , (S (NP *UNKC )NP (VP says )VP )S , )PRN (NP the company )NP (VP *UNK (NP (NP capital expenses )NP (PP of (NP (NP (QP about $ 180 million )QP )NP (NP a year )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP TW 's )NP pitch )NP (VP was (SBAR (SBAR that (S (NP (NP sales and earnings )NP (PP at (NP its restaurants )NP )PP )NP (VP have (VP risen (ADVP steadily )ADVP )VP )VP )S )SBAR and (SBAR that (S (NP people )NP (VP wo n't (VP stop (S (VP eating )VP )S (PP during (NP a downturn )NP )PP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S But (NP they )NP (VP wo n't (ADVP necessarily )ADVP (VP eat (PP at (NP *UNKC 's )NP )PP )VP )VP . )S  STOP
(SINV (S (NP The fast-food business )NP (VP is `` (ADJP *UNKLY competitive )ADJP )VP )S , '' (VP notes )VP (NP *UNKC *UNKC analyst John *UNKC )NP . )SINV  STOP
(S (NP *UNKC bond buyers )NP (VP noted (SBAR that (S (NP TW )NP (ADVP historically )ADVP (VP has (VP *UNKED (SBAR because (S (NP it )NP (VP has (VP been (ADJP willing (S (VP to (VP spend (ADVP aggressively )ADVP (PP on (S (VP (VP *UNKING (NP restaurants )NP )VP and (VP *UNKING (NP *UNK )NP )VP )VP )S )PP )VP )VP )S )ADJP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP We )NP (VP were (ADJP concerned (SBAR that (S (NP they )NP (VP were n't (VP going (S (VP to (VP generate (NP (NP enough cash )NP (UCP (PP for (NP capital spending )NP )PP and also (SBAR (S (VP to (VP pay (PRT down )PRT (NP debt )NP )VP )VP )S )SBAR )UCP )NP )VP )VP )S )VP )VP )S )SBAR )ADJP )VP )S , '' (VP says )VP (NP (NP a big investor )NP (PP in (NP high-yield debt )NP )PP )NP . )SINV  STOP
(S (NP *UNKC )NP (VP argues (SBAR that (S (NP TW )NP (VP could (PRN , (SBAR if (FRAG (ADJP necessary )ADJP )FRAG )SBAR , )PRN (VP cut (NP capital spending )NP , (SBAR since (S (NP (NP half )NP (PP of (SBAR (WHNP what )WHNP (S (NP it )NP (VP plans (S (VP to (VP spend )VP )VP )S )VP )S )SBAR )PP )NP (VP is (PP for (NP `` (NP growth )NP , '' (PP rather than (NP maintenance )NP )PP )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP investors )NP (VP noted (SBAR that (S (PP under (NP the *UNKED offering )NP )PP , (NP TW )NP (VP would (VP have (VP needed (S (VP to (VP grow )VP )VP )S (S (VP to (VP meet (NP its debt payments )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Its calculations )NP (PP for (S (VP meeting (NP cash charges )NP )VP )S )PP )NP (VP ignore (NP (NP (QP $ 52 million )QP )NP (NP a year )NP (PP in (NP (NP interest )NP (PP on (NP (NP (ADJP *UNKED , or zero-coupon )ADJP debentures )NP -- (SBAR (WHNP which )WHNP (S (ADVP ultimately )ADVP (VP would (VP have (VP had (S (VP to (VP be (VP paid )VP )VP )VP )S )VP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The prospectus )NP (VP notes (SBAR (S `` (NP there )NP (VP can (VP be (NP no assurance '' (SBAR that (S (NP future growth )NP (VP will (VP continue (PP at (NP past levels )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP the recent past )NP )PP , (NP bond buyers )NP (VP did n't (VP seek (NP such assurance )NP )VP )VP . )S  STOP
(S (ADVP Now )ADVP , (ADVP apparently )ADVP , (NP they )NP (VP do )VP . )S  STOP
(NP TW Services )NP  STOP
(FRAG -LRB- (NP NYSE )NP ; (NP (NP *UNKC )NP : (NP TW )NP )NP -RRB- )FRAG  STOP
(NP (NP Business )NP : (NP *UNKC )NP )NP  STOP
(NP (NP Year )NP (VP ended (NP Dec. 31 , 1988 )NP )VP (X *UNK )X )NP  STOP
(NP (NP Revenue )NP : (NP (QP $ *UNKN billion )QP )NP )NP  STOP
(NP (NP Net Income )NP : (NP (NP (QP $ *UNKN million )QP )NP ; (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP (X *UNK )X )NP  STOP
(FRAG (NP (NP Third quarter )NP , (NP Sept. 30 , 1989 )NP )NP : (NP -LRB- (NP (NP Net *UNKC )NP : (NP (NP 7 cents )NP (NP share )NP )NP )NP -RRB- vs. (NP (NP net income )NP : (NP (NP 51 cents )NP (NP a share )NP )NP )NP )NP )FRAG  STOP
(NP (NP Average daily trading volume )NP : (NP *UNKN shares )NP )NP  STOP
(NP (NP (NP *UNKC shares )NP (ADJP outstanding )ADJP )NP : (NP 49 million )NP )NP  STOP
(FRAG (X \* )X (VP *UNKC (NP (NP results )NP (PP of (NP (NP (NP *UNKC 's )NP Inc. )NP , (VP acquired (PP in (NP September )NP )PP )VP )NP )PP )NP )VP )FRAG  STOP
(FRAG (X *UNK )X (VP *UNKC (NP (NP (ADJP (QP $ 9 million )QP )ADJP write-down )NP (PP of (NP (NP assets )NP and (NP takeover defense costs )NP )NP )PP )NP )VP . )FRAG  STOP
(S (S (NP *UNKC Thatcher )NP (VP must (VP be (VP doing (NP something )NP (ADVP right )ADVP )VP )VP )VP )S ; (S (NP her political enemies )NP (VP are (VP *UNKING (ADVP (ADVP *UNK )ADVP (PP than (ADVP ever )ADVP )PP )ADVP )VP )VP )S . )S  STOP
(S (NP (NP Mrs. Thatcher )NP , (SBAR (WHNP who )WHNP (S (VP was (VP *UNKING (NP (NP the *UNK- school )NP (PP of (NP politics )NP )PP )NP (SBAR (NP years )NP before (S (NP Mr. Bush )NP (VP *UNKED (NP it )NP )VP )S )SBAR )VP )VP )S )SBAR , )NP (VP has (VP made (S (ADJP clear )ADJP (NP (NP her opposition )NP (PP to (S (VP *UNKING (NP (NP Britain 's )NP free-market policies )NP (S (VP to (VP suit (NP (NP the bureaucrats )NP (PP in (NP Brussels )NP )PP )NP )VP )VP )S )VP )S )PP )NP )S )VP )VP . )S  STOP
(S (PP In (NP return )NP )PP , (NP Mrs. Thatcher )NP (VP is (VP *UNKED (PP (PP from (NP *UNKC Street )NP )PP (PP to (NP Paris )NP )PP )PP (PP as (NP an *UNK )NP )PP )VP )VP . )S  STOP
(S (INTJ Well )INTJ , (NP it )NP (ADVP now )ADVP (VP turns (PRT out )PRT (SBAR that (S (NP Mrs. Thatcher )NP (VP had (S (VP to (VP travel (PP across (NP the *UNK )NP )PP (PP to (NP (NP the *UNK- Commonwealth summit )NP (PP in (NP *UNKC *UNKC )NP )PP )NP )PP (S (VP to (VP *UNK (NP (NP the *UNKLY Order )NP (PP of (NP *UNKC *UNKC )NP )PP )NP )VP )VP )S )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(SINV `` (NP (NP A *UNK *UNK )NP (PP in (NP Malaysia )NP )PP )NP , '' (VP *UNKED )VP (NP the *UNKC *UNKC )NP . )SINV  STOP
(S `` (NP She )NP (VP can (ADVP no longer )ADVP (VP be (VP *UNKED (S (VP to (VP *UNK (PP in (NP a (ADJP (ADJP *UNKED )ADJP (PRN -- (S (NP that )NP (VP is )VP )S (ADJP *UNK )ADJP -- )PRN )ADJP fashion )NP )PP (SBAR (WHADVP when )WHADVP (FRAG (ADVP abroad )ADVP )FRAG )SBAR )VP )VP )S )VP )VP )VP . '' )S  STOP
(INTJ *UNKC . )INTJ  STOP
(S (NP (NP (NP Canada 's )NP Brian *UNKC )NP and (NP (NP Australia 's )NP Bob *UNKC )NP )NP (PRN , (S (NP the paper )NP (VP said )VP )S , )PRN (VP were `` (ADJP *UNKED )ADJP )VP . '' )S  STOP
(S (NP The London Times )NP (VP said (SBAR (S (NP she )NP (VP had `` (VP *UNKED (NP *UNK )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (PP As (ADJP usual )ADJP )PP , (NP her *UNK )NP (VP was (VP saying (SBAR (WHNP what )WHNP (S (NP she )NP (VP thought )VP )S )SBAR )VP )VP . )S  STOP
(S (NP She )NP (VP issued (NP a separate statement )NP , (S (VP *UNKING (NP herself )NP (PP from (NP (NP a Commonwealth document )NP (VP *UNKING (NP (NP the political value )NP (PP of (S (VP imposing (NP (NP sanctions )NP (PP against (NP South Africa )NP )PP )NP )VP )S )PP )NP )VP )NP )PP )VP )S )VP . )S  STOP
(S (SBAR While (S (VP supporting (NP the Commonwealth )NP `` (PP in (S (ADVP *UNKLY )ADVP (VP *UNKING (NP apartheid )NP )VP )S )PP )VP )S )SBAR , '' (NP her statement )NP (VP urged (NP it )NP (S (VP to `` (VP (VP encourage (NP change )NP )VP '' (CONJP rather than )CONJP (VP *UNK (NP further *UNK )NP (PP on (NP (NP the country 's )NP black population )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (S (ADVP *UNKLY )ADVP (NP there )NP (VP is (NP (NP a consensus )NP (ADVP somewhere )ADVP (PP on (NP sanctions )NP )PP )NP )VP )S : (S (PP In (NP May )NP )PP (NP a *UNKC *UNKC )NP (VP found (SBAR that (S (NP (NP most (ADJP South African )ADJP blacks )NP , (NP 85 % )NP , )NP (VP oppose (NP economic sanctions )NP )VP )S )SBAR )VP )S . )S  STOP
(S (ADVP Still )ADVP , (NP Mrs. Thatcher )NP (VP had (ADVP once again )ADVP (VP gone (PP against (NP the grain )NP )PP )VP )VP . )S  STOP
(S (NP (NP Malaysia 's )NP Prime Minister *UNKC *UNKC )NP (VP *UNKED , `` (S (SBAR If (S (S (NP everybody else )NP (VP puts (PRT out )PRT (NP their left foot )NP )VP )S and (S (NP you )NP (VP put (PRT out )PRT (NP your right foot )NP )VP )S )S )SBAR , (NP you )NP (VP are (PP out (PP of (NP step )NP )PP )PP )VP )S )VP . '' )S  STOP
(FRAG (NP Mrs. Thatcher )NP : `` (S (SBAR If (S (NP it )NP (VP 's (NP (NP one )NP (PP against (NP 48 )NP )PP )NP )VP )S )SBAR , (NP I )NP (VP 'm (ADJP very *UNK (PP for (NP the 48 )NP )PP )ADJP )VP )S . '' )FRAG  STOP
(S (SBAR If (S (ADVP indeed )ADVP (NP Mrs. Thatcher )NP (VP has (NP (NP one *UNK )NP (SBAR (WHNP that )WHNP (S (VP could (VP throw (NP her )NP (PP off (NP political course )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR (NP it )NP (VP is (NP (NP Britain 's )NP (ADJP *UNKLY *UNK )ADJP inflation problem )NP )VP . )S  STOP
(S (NP We )NP (VP can not , (ADVP however )ADVP , (VP join (NP (NP the political *UNK )NP (SBAR (WHNP that )WHNP (S (PP as (NP one )NP )PP (VP *UNK (SBAR (WHADJP how *UNKING )WHADJP (S (NP (NP it )NP )NP (VP is (SBAR that (S (NP Mrs. Thatcher )NP (VP *UNK (S (VP to (VP get (PRT along )PRT (PP by (S (VP going (PRT along )PRT )VP )S )PP )VP )VP )S )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP is (ADJP *UNKING )ADJP (S (VP to (VP see (NP (NP (QP at least one )QP world figure )NP (SBAR (WHNP who )WHNP (S (VP (VP knows (SBAR (WHNP what )WHNP (S (NP she )NP (VP believes (PP in )PP )VP )S )SBAR )VP and (VP is not (ADJP inclined (S (VP to (ADVP *UNKLY )ADVP (VP compromise (NP those *UNK )NP )VP )VP )S )ADJP )VP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (ADVP Perhaps )ADVP (NP Mrs. Thatcher )NP (VP understands (ADVP (ADVP better )ADVP (PP than (NP (NP those )NP (ADJP *UNKED (PP at (NP her style )NP )PP )ADJP )NP )PP )ADVP (SBAR that (S (ADVP ultimately )ADVP (NP (NP history )NP and (NP (NP Britain 's )NP voters )NP )NP (VP will (VP decide (SBAR (WHNP who )WHNP (S (VP is (ADJP right (PP about (NP (NP Europe )NP , (S (VP *UNKING (NP South Africa )NP )VP )S or (S (VP running (NP (NP Britain 's )NP economy )NP )VP )S )NP )PP )ADJP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (VP *UNKC (PP With (NP Care )NP )PP )VP )S  STOP
(S (S `` (S (S (VP *UNKC (ADVP hard )ADVP )VP )S , (S (VP play (ADVP hard )ADVP )VP )S )S '' (VP is (NP (NP advice )NP (VP (ADVP *UNKC )ADVP taken (PP with (NP some caution )NP )PP )VP )NP )VP )S , For (S (NP it )NP (VP can (VP bring (NP (NP fitness and success )NP Or (NP (NP a state )NP (PP of (NP total *UNK )NP )PP )NP )NP )VP )VP )S . )S  STOP
(NP -- Edward F. *UNKC . )NP  STOP
(NP *UNKC *UNKC )NP  STOP
(S (S (NP The *UNK )NP (VP paid (NP his bill )NP (PP at (NP the resort hotel )NP )PP )VP )S , and (S (SBAR as (S (NP he )NP (VP *UNKED )VP )S )SBAR (NP he )NP (VP noticed (NP (NP a sign )NP (VP saying , `` (SQ *UNKC (NP You )NP (VP *UNKC (NP *UNKING )NP )VP ? )SQ '' )VP )NP )VP )S )S  STOP
(S (S (NP The man )NP (VP (VP went (ADVP back )ADVP )VP and (VP spoke (PP to (NP the desk *UNK )NP )PP )VP )VP )S : (S `` (S (NP That sign )NP (VP is (ADJP wrong )ADJP )VP )S , '' (NP he )NP (VP said )VP )S . )S  STOP
(S `` (NP It )NP (VP should (VP read , `` (SQ *UNKC (NP You )NP (NP (NP *UNKING )NP (ADJP *UNKC )ADJP )NP )SQ )VP )VP ? '' )S  STOP
(NP -- Sam *UNKING . )NP  STOP
(S (PP After (S (VP being (VP *UNKED (PP in (NP (NP Tuesday 's )NP selling *UNK )NP )PP )VP )VP )S )PP , (NP the Nasdaq over-the-counter market )NP (VP (VP *UNKED (NP itself )NP (PRT off )PRT )VP and (VP moved (ADVP on )ADVP (PP in (NP moderate trading )NP )PP )VP )VP . )S  STOP
(S But (SBAR while (S (NP the Composite )NP (VP gained (NP *UNKN )NP , (PP to (NP *UNKN )NP )PP )VP )S )SBAR , (NP many issues )NP (VP did n't (VP participate (PP in (NP the advance )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP was (NP a mixed *UNK )NP )VP )S , '' (VP said )VP (NP (NP Richard *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP heads (NP (NP over-the-counter trading )NP (PP at (NP PaineWebber )NP )PP )NP )VP )S )SBAR )NP . )SINV  STOP
(S `` (NP We )NP (VP (VP played (NP *UNK- )NP (PP in (NP some areas )NP )PP )VP , and (VP sold (PRT off )PRT (PP in (NP some others )NP )PP )VP )VP . '' )S  STOP
(S (NP Volume )NP (VP totaled (NP (NP (QP *UNKN million )QP shares )NP , (SBAR (WHNP which )WHNP (S (VP is (NP (NP about average )NP (PP for (NP the year )NP )PP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP Of (NP (NP the *UNKN issues )NP (SBAR (WHNP that )WHNP (S (VP changed (NP hands )NP )VP )S )SBAR )NP )PP , (S (NP *UNKN )NP (VP advanced )VP )S and (S (NP *UNKN )NP (VP declined )VP )S . )S  STOP
(S (NP Big financial stocks )NP (VP carried (NP the day )NP )VP . )S  STOP
(S (NP The Nasdaq Financial Index )NP (VP rose (NP *UNKN )NP , (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP the Nasdaq 100 Index )NP (PP of (NP the big *UNK- stocks )NP )PP )NP (ADVP basically )ADVP (VP stood (ADVP still )ADVP , (S (VP easing (NP *UNKN )NP , (PP to (NP *UNKN )NP )PP )VP )S )VP . )S  STOP
(S (PP Despite (NP (NP the Composite 's )NP advance )NP )PP , (NP some trading officials )NP (VP are (ADJP *UNKLY optimistic (SBAR that (S (NP the market )NP (VP is (PP on (NP (NP the road )NP (PP to (NP recovery )NP )PP )NP )PP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP head )NP (PP of (NP (NP over-the-counter trading )NP (PP at (NP Kidder Peabody )NP )PP )NP )PP )NP , )NP (VP said (SBAR (S (NP (NP it )NP )NP (VP is (ADJP difficult )ADJP (S (VP to (VP make (NP predictions )NP (PP based (PP on (NP (NP yesterday 's )NP trading volume )NP )PP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP The advance )NP (VP felt (PP (ADVP more )ADVP like (NP a technical *UNK )NP )PP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S `` (S (S (NP The market )NP (VP acted (ADVP better )ADVP )VP )S , but (S (NP it )NP (VP was n't (NP a tremendous *UNK )NP )VP )S )S , '' (NP Mr. *UNKC )NP (VP observed )VP . )S  STOP
(S `` (SBAR If (S (NP we )NP (VP get (NP a decent rally )NP -LCB- (NP today )NP -RCB- )VP )S )SBAR , (ADVP maybe )ADVP (NP the buyers )NP (VP will (VP come (ADVP back )ADVP )VP )VP . '' )S  STOP
(S (SBAR If (S (NP *UNKC `` *UNKC '' *UNKC )NP (VP is (ADJP right )ADJP )VP )S )SBAR , (NP a *UNK )NP (VP may (VP come (PP in (ADJP *UNK )ADJP )PP (PP during (NP the next few sessions )NP )PP )VP )VP . )S  STOP
(S (NP (NP (NP The president )NP (PP of (NP *UNKC , *UNKC )NP )PP )NP , (NP Mr. *UNKC )NP )NP (VP expects (S (NP the market )NP (VP to (VP be `` (ADJP very *UNK )ADJP '' (PP for (NP a while )NP )PP )VP )VP )S )VP . )S  STOP
(S `` (S (S (NP There )NP (VP 's (NP (NP a lot )NP (PP of (NP uncertainty )NP )PP )NP (ADVP out there )ADVP )VP )S , and (S (NP it )NP (VP will (VP cause (NP (NP a lot )NP (PP of (NP swings )NP )PP )NP )VP )VP )S )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (PP Among (NP active stocks )NP )PP , (S (NP MCI Communications )NP (VP rose (NP 7\/8 )NP (PP to (NP 43 )NP )PP (PP on (NP 2.2 million shares )NP )PP )VP )S , (S (NP *UNKC Graphics )NP (VP added (NP 1\/8 )NP (PP to (NP 16 3\/8 )NP )PP (PP on (NP (NP turnover )NP (PP of (NP (QP 1.5 million )QP shares )NP )PP )NP )PP )VP )S . )S  STOP
(S (NP Apple Computer )NP (VP dropped (NP 1 1\/8 )NP (PP to (NP 46 1\/2 )NP )PP (PP on (NP (QP one million )QP shares )NP )PP )VP . )S  STOP
(S (S (NP (NP (QP *UNKC one million )QP shares )NP (PP of (NP Sun Microsystems )NP )PP )NP (VP changed (NP hands )NP )VP )S , but (S (NP the issue )NP (VP was (ADJP unchanged )ADJP (PP at (NP 17 3\/4 )NP )PP )VP )S . )S  STOP
(S (NP *UNKC issues )NP (VP were (ADJP strong )ADJP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP advanced (NP 1 1\/2 )NP (PP to (NP 56 )NP )PP )VP )S ; (S (NP Chiron )NP (VP jumped (NP 2 )NP (PP to (NP 29 3\/4 )NP )PP )VP )S ; (S (NP *UNKC )NP (VP gained (NP 1 )NP (PP to (NP 16 7\/8 )NP )PP )VP )S and (S (NP *UNKC )NP (VP rose (NP 5\/8 )NP (PP to (NP 14 5\/8 )NP )PP )VP )S . )S  STOP
(S (NP (NP The American depositary receipts )NP (PP of (NP Jaguar )NP )PP )NP (VP jumped (NP 3\/8 )NP (PP to (NP 11 5\/8 )NP )PP (PP on (NP (NP turnover )NP (PP of (NP 1.9 million )NP )PP )NP )PP )VP . )S  STOP
(S (NP Ford Motor )NP (VP said (SBAR (S (NP it )NP (VP raised (NP (NP its stake )NP (PP in (NP the British car maker )NP )PP )NP (PP to (NP (NP *UNKN % )NP (PP of (NP (NP the ordinary shares )NP (ADJP outstanding )ADJP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP a Securities and Exchange Commission filing )NP )PP , (NP Ford )NP (VP said (SBAR (S (NP it )NP (VP holds (NP (QP *UNKN million )QP ordinary shares )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP has (VP said (SBAR (S (NP it )NP (VP is (ADJP prepared (S (VP to (VP make (NP (NP a bid )NP (PP for (NP (NP all )NP (PP of (NP (NP the shares )NP (ADJP outstanding )ADJP (PP of (NP Jaguar )NP )PP )NP )PP )NP )PP )NP (SBAR if (S (NP (NP British government restrictions )NP (PP to (NP such a transaction )NP )PP )NP (VP are (VP removed )VP )VP )S )SBAR )VP )VP )S )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Another takeover target )NP , (NP LIN Broadcasting )NP , )NP (VP rose (NP 1\/2 )NP (PP to (NP *UNKN 1\/4 )NP )PP (PP on (NP *UNKN shares )NP )PP )VP . )S  STOP
(S (NP (NP Its suitor )NP , (NP McCaw Cellular )NP , )NP (ADVP also )ADVP (VP added (NP 1\/2 )NP (PP to (NP 40 1\/2 )NP )PP (PP on (NP *UNKN shares )NP )PP )VP . )S  STOP
(S (NP Other stocks )NP (VP were (VP affected (PP by (NP corporate earnings )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (ADVP recently )ADVP (VP said (SBAR (S (NP third-quarter net income )NP (VP rose (PP to (NP (NP 16 cents )NP (NP a share )NP )NP )PP (PP from (NP (NP a penny )NP (NP a share )NP )NP (ADVP (NP a year )NP ago )ADVP )PP )VP )S )SBAR )VP )S )SBAR , )NP (VP gained (NP 1 5\/8 )NP (PP to (NP 13 5\/8 )NP )PP (PP on (NP *UNKN shares )NP )PP )VP . )S  STOP
(S (NP The 1988 results )NP (VP included (NP a one-time gain )NP )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP rose (NP (NP *UNKN )NP , or (NP 39 % )NP , )NP (PP to (NP 2 7\/8 )NP )PP (PP on (NP (NP volume )NP (PP of (NP *UNKN shares )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The maker )NP (PP of (NP software products and services )NP )PP , (SBAR (WHNP which )WHNP (S (VP had (NP a net loss )NP (PP in (NP the 1988 third quarter )NP )PP )VP )S )SBAR , )NP (VP earned (NP (NP 200,000 )NP , or (NP (NP a penny )NP (NP a share )NP )NP , )NP (PP in (NP (NP this year 's )NP quarter )NP )PP )VP . )S  STOP
(S (NP It )NP (VP was (NP (NP Nasdaq 's )NP biggest percentage *UNK )NP )VP . )S  STOP
(S (NP Star States )NP (VP plunged (NP 3 1\/4 )NP (PP to (NP 8 3\/4 )NP )PP (PP on (NP *UNKN shares )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP suffered (NP a (ADJP (QP $ 9 million )QP )ADJP loss )NP (PP in (NP the third quarter )NP )PP , (PP compared (PP with (NP (NP net )NP (PP of (NP (QP $ 2.5 million )QP )NP )PP )NP (ADVP (NP a year )NP earlier )ADVP )PP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP dropped (NP 2 5\/8 )NP (PP to (NP 15 5\/8 )NP )PP (PP on (NP *UNKN shares )NP )PP )VP . )S  STOP
(S (PP In (NP (NP its *UNK- quarter )NP (VP ended (NP Sept. 30 )NP )VP )NP )PP , (NP the *UNK- maker )NP (VP earned (NP (NP 10 cents )NP (NP a share )NP )NP , (ADVP up (PP from (NP (NP eight cents )NP (NP a share )NP )NP (PP in (NP (NP the 1988 quarter )NP , (SBAR (WHNP which )WHNP (S (VP included (NP an extraordinary credit )NP )VP )S )SBAR )NP )PP )PP )ADVP )VP . )S  STOP
(S (NP *UNKC Care Health )NP (VP fell (NP 1 3\/4 )NP (PP to (NP 15 1\/2 )NP )PP (PP on (NP *UNKN shares )NP )PP )VP . )S  STOP
(S (NP (NP The company 's )NP third-quarter earnings )NP (ADVP also )ADVP (VP rose (PP to (NP (NP 10 cents )NP (NP a share )NP )NP )PP (PP from (NP (NP eight cents )NP (NP a share )NP )NP (ADVP (NP a year )NP ago )ADVP )PP )VP . )S  STOP
(S (NP (NP Companies )NP (VP listed (ADVP below )ADVP )VP )NP (VP reported (NP (NP quarterly profit )NP (ADJP substantially different (PP from (NP (NP the average )NP (PP of (NP (NP analysts ' )NP estimates )NP )PP )NP )PP )ADJP )NP )VP . )S  STOP
(S (NP The companies )NP (VP (VP are (VP followed (PP by (NP (QP at least three )QP analysts )NP )PP )VP )VP , and (VP had (NP (NP a minimum five-cent change )NP (PP in (NP (NP actual earnings )NP (PP per (NP share )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP (ADJP Estimated and actual )ADJP results )NP (VP involving (NP losses )NP )VP )NP (VP are (VP omitted )VP )VP . )S  STOP
(S (NP The percent difference )NP (VP compares (NP actual profit )NP (PP with (NP the 30-day estimate )NP )PP (SBAR (WHADVP where )WHADVP (S (NP (QP at least three )QP analysts )NP (VP have (VP issues (NP forecasts )NP (PP in (NP the past 30 days )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Otherwise )ADVP , (NP actual profit )NP (VP is (VP compared (PP with (NP the 300-day estimate )NP )PP )VP )VP . )S  STOP
(S (NP (NP One day )NP (NP last March )NP )NP , (NP (NP CBS Sports President Neal Pilson )NP and (NP *UNKC *UNK Barry Frank )NP )NP (VP met (PP for (NP lunch )NP )PP (PP at (NP the *UNKC Club )NP )PP (ADVP here )ADVP )VP . )S  STOP
(S (NP Mr. Frank )NP (VP told (NP Mr. Pilson )NP (SBAR that (S (NP Olympics officials )NP (VP wanted (NP (QP $ *UNKN million or more )QP )NP (PP for (NP (NP TV rights )NP (PP to (NP (NP the 1994 *UNKC *UNKC )NP (PP in (NP *UNKC )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The CBS official )NP (VP said (SBAR (S (NP that price )NP (VP *UNKED (ADJP fine )ADJP )VP )S )SBAR )VP . )S  STOP
(S (PP At (NP that price )NP )PP , (NP CBS )NP (VP was (NP (NP the only player )NP (PP at (NP the table )NP )PP )NP (SBAR (WHADVP when )WHADVP (S (NP (NP negotiations )NP (PP with (NP the International *UNKC Committee )NP )PP )NP (VP started (PP in (NP Toronto )NP )PP (NP Aug. 23 )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Dick *UNKC )NP , (NP a committee member )NP , )NP (VP began (PP by (S (VP *UNKING (SBAR that (S (NP ABC and NBC )NP (VP had (VP refused (S (VP to (ADVP even )ADVP (VP bid )VP )VP )S )VP )VP )S )SBAR )VP )S )PP )VP . )S  STOP
(S (S (ADVP Then )ADVP , (NP he )NP (VP asked (NP Mr. Pilson )NP (S (VP to (VP raise (NP his offer )NP (ADVP anyway )ADVP )VP )VP )S )VP )S : `` (S (SBAR If (S (NP we )NP (VP can (VP have (NP (NP a number )NP (SBAR (WHNP that )WHNP (S (VP starts (PP with (NP a three )NP )PP )VP )S )SBAR )NP )VP )VP )S )SBAR , (NP you )NP (VP can (VP have (NP a *UNK )NP )VP )VP )S . '' )S  STOP
(S (NP (NP Mr. Pilson )NP and (NP his team )NP )NP (VP (VP *UNKED (PP in (NP a *UNK )NP )PP )VP and (VP took (NP just 10 minutes )NP (S (VP to (VP return (PP with (NP a (ADJP (QP $ 300 million )QP )ADJP offer )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP responded , `` (S (NP It )NP (VP 's (NP a deal )NP )VP )S )VP . '' )S  STOP
(S (NP A *UNKING Mr. Pilson )NP (VP announced (NP his *UNK coup )NP (PP at (NP a news conference )NP )PP (NP that afternoon )NP )VP . )S  STOP
(S (NP (NP (NP Mr. Pilson 's )NP rivals )NP (PP at (NP (NP ABC )NP and (NP NBC )NP )NP )PP )NP (VP *UNKED (PP at (NP the price )NP )PP )VP . )S  STOP
(SBARQ (WHADVP How )WHADVP (SQ could (NP CBS )NP (VP get (VP pushed (PP into (S (VP *UNKING (NP itself )NP )VP )S )PP )VP )VP )SQ ? )SBARQ  STOP
(S (INTJ Well )INTJ , (NP CBS )NP , (S (VP (VP *UNKED (PP in (NP the ratings *UNK )NP )PP )VP and (VP looking (PP to (NP sports )NP )PP (PP as (NP a way out )NP )PP )VP )VP )S , (VP wanted (S (VP to (VP (VP close (NP the deal )NP (ADVP immediately )ADVP )VP and (VP block (NP its rivals )NP (PP from (S (VP getting (NP another chance (S (VP to (VP bid )VP )VP )S )NP )VP )S )PP )VP )VP )VP )S )VP . )S  STOP
(S But (NP Mr. Pilson )NP (VP has (VP been (VP put (PP in (NP (NP the *UNK role )NP (PP of (S (VP setting (PRT off )PRT (NP (NP (NP a bidding *UNK )NP (PP for (NP sports rights )NP )PP )NP , (NP (NP a *UNK )NP (SBAR (WHNP that )WHNP (S (NP the networks )NP (VP had (VP hoped (S (VP to (VP avoid )VP )VP )S )VP )VP )S )SBAR )NP )NP )VP )S )PP )NP )PP )VP )VP )VP . )S  STOP
(SINV `` (S (NP (NP The price )NP (PP of (NP *UNK )NP )PP )NP (VP has (VP gone (ADVP up )ADVP )VP )VP )S , '' (VP *UNK )VP (NP (NP Charles M. *UNKC )NP , (NP (NP the College Football Association 's )NP executive director )NP )NP . )SINV  STOP
(S (PP With (S (NP CBS Inc. )NP (PP on (NP (NP a spending spree )NP (SBAR (WHNP that )WHNP (S (VP may (VP top (NP (NP (QP $ 2.5 billion )QP )NP (PP for (NP (NP four years )NP (PP of (NP major sports events )NP )PP )NP )PP )NP )VP )VP )S )SBAR )NP )PP )S )PP , (NP (NP the new *UNK )NP (PP of (NP *UNK )NP )PP )NP (VP could (VP jolt (NP the entire broadcast business )NP )VP )VP . )S  STOP
(S (NP (NP CBS )NP (NP itself )NP )NP (VP could (VP run (PRT up )PRT (NP (NP losses )NP (PP of (NP (QP a few hundred million )QP dollars )NP )PP (PP on (NP (NP four years )NP (PP of (NP various sports )NP )PP )NP )PP )NP (SBAR if (S (NP its big gamble )NP (VP goes (ADJP wrong )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP (NP ABC )NP , (NP (NP a unit )NP (PP of (NP Capital *UNKC Inc. )NP )PP )NP , )NP and (NP (NP General Electric Co. 's )NP National Broadcasting Co. )NP )NP (ADVP also )ADVP (VP risk (NP losses )NP (SBAR if (S (NP they )NP (VP *UNK (NP CBS )NP (PP for (NP other contracts )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (SBAR While (S (NP rights fees )NP (VP head (ADVP *UNK )ADVP )VP )S )SBAR , (NP ad rates )NP (VP wo n't )VP . )S  STOP
(S (NP *UNKC )NP (ADVP already )ADVP (VP are (VP *UNKING (PP at (NP higher prices )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP The networks )NP (VP are (VP paying (NP too much )NP (PP for (NP rights )NP )PP )VP )VP )S , '' (VP warns )VP (NP (NP *UNK Paul *UNKC )NP (PP of (NP Young & Rubicam )NP )PP )NP . )SINV  STOP
(S `` (SBAR If (S (NP they )NP (VP ask (NP advertisers )NP (S (VP to (VP absorb (NP the costs )NP )VP )VP )S )VP )S )SBAR , (NP they )NP (VP 're (ADJP likely (S (VP to (VP lose (NP (NP all )NP (PP but (NP (NP a few )NP (SBAR (WHNP who )WHNP (S (VP need (NP sports )NP , (ADVP above all )ADVP )VP )S )SBAR )NP )PP )NP )VP )VP )S )ADJP )VP . '' )S  STOP
(S (NP *UNKC )NP (VP may not (VP be (VP *UNKING , (ADVP either )ADVP )VP )VP )VP . )S  STOP
(S (NP *UNKING rights fees )NP (VP will (VP lead (PP to (NP (NP an (ADJP even greater )ADJP clutter )NP (PP of (NP commercials )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP At (NP the same time )NP )PP , (NP some sports events )NP (VP will (VP move (PP (PP off (NP `` free '' television )NP )PP and (PP onto (NP (NP cable or *UNK- )NP , (SBAR (WHADVP where )WHADVP (S (NP half (NP the nation 's )NP TV homes )NP (VP ca n't (VP see (NP them )NP )VP )VP )S )SBAR )NP )PP )PP )VP )VP . )S  STOP
(S (NP CBS )NP (VP has (VP changed (NP the rules )NP (PP by (S (VP throwing (PRT out )PRT (NP (NP (NP the old basis )NP (PP for (NP sports bids )NP )PP )NP (PRN -- (S (NP that )NP (VP is )VP )S , (SQ can (NP (NP the network )NP (ADVP alone )ADVP )NP (VP make (NP a profit )NP (PP on (NP it )NP )PP )VP )SQ )PRN )NP )VP )S )PP )VP )VP ? )S  STOP
(S (NP Mr. Pilson )NP (VP *UNK (NP (NP the *UNK benefits )NP (PP of (NP (NP positive press )NP , (NP *UNKED affiliate stations )NP , (NP *UNK advertisers )NP and (NP (NP huge audiences )NP (SBAR (WHNP that )WHNP (S (VP might (VP stick (PRT around )PRT (S (VP to (VP watch (NP other CBS programs )NP )VP )VP )S (SBAR (WHADVP when )WHADVP (S (NP the game )NP (VP is (ADVP over )ADVP )VP )S )SBAR )VP )VP )S )SBAR )NP )NP )PP )NP )VP . )S  STOP
(S (NP The *UNK- question )NP (VP is , (SBAR (SBARQ (WHNP How much )WHNP (SQ are (NP those benefits )NP (PP worth )PP )SQ ? )SBARQ )SBAR )VP )S  STOP
(S (NP Some TV people )NP (VP (VP doubt (SBAR (S (NP they )NP (VP will (VP *UNK )VP )VP )S )SBAR )VP and (VP argue (SBAR that (S (SBAR even if (S (NP they )NP (VP do )VP )S )SBAR , (NP they )NP (VP wo n't (VP offset (NP (NP the *UNK- deficits )NP (SBAR (WHNP that )WHNP (S (NP CBS )NP (VP could (VP run (PRT up )PRT )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S `` (SBAR As (S (NP we )NP (VP 've (VP seen (PP in (NP the *UNK )NP )PP )VP )VP )S )SBAR (PRN , '' (SINV (VP says )VP (NP (NP Roger *UNKC )NP , (NP (NP the president )NP (PP of (NP the *UNKC sports channel )NP )PP )NP )NP )SINV , `` )PRN (NP those deals )NP (VP can (VP turn (ADJP sour )ADJP (SBAR if (S (NP the numbers )NP (VP do n't (VP work )VP )VP )S )SBAR )VP )VP . )S  STOP
(S And (ADVP (NP three years )NP later )ADVP , (PP in (NP (NP a sea )NP (PP of (NP red *UNK )NP )PP )NP )PP , (NP the *UNK )NP (VP can (VP find (NP themselves )NP (PP with (NP (NP a lot )NP (PP of (NP explaining )NP )PP (SBAR (S (VP to (VP do )VP )VP )S )SBAR )NP )PP )VP )VP . '' )S  STOP
(SINV (S (NP CBS )NP (VP *UNK (NP top sports )NP `` (S (VP to (VP *UNK (NP the fact (SBAR that (S (NP they )NP (VP are n't (VP supporting (NP (NP affiliates )NP , (NP viewers )NP and (NP advertisers )NP )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP )S , '' (VP charges )VP (NP (NP Thomas H. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP was (VP ousted (PP as (NP (NP chairman )NP (PP of (NP CBS Inc. )NP )PP )NP )PP (SBAR after (S (NP *UNKC A. *UNKC )NP (VP (VP bought (NP (NP a (ADJP *UNKN % )ADJP stake )NP (PP in (NP the company )NP )PP )NP )VP and (VP took (PRT over )PRT (ADVP (NP three years )NP ago )ADVP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP . )SINV  STOP
(S `` (S (NP They )NP (VP lost (NP the entertainment *UNK )NP )VP )S , and (S (NP they )NP (VP needed (NP one )NP )VP )S . )S  STOP
(S And (NP they )NP (VP 've (VP bought (NP one )NP )VP )VP . '' )S  STOP
(S (PP On (NP (NP just three big deals )NP -- (PP (PP for (NP (NP four years )NP (PP of (NP baseball )NP )PP )NP )PP and (PP for (NP (NP the *UNKC *UNKC *UNKC )NP (PP in (NP both 1992 and 1994 )NP )PP )NP )PP )PP -- )NP )PP (NP Pilson )NP (VP bid (NP (NP a total )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP )VP . )S  STOP
(S (NP That )NP (VP 's (ADJP (ADJP (NP (QP well over half a billion )QP dollars )NP more )ADJP (SBAR than (S (NP (NP ABC )NP and (NP NBC )NP )NP (VP were (ADJP willing (S (VP to (VP pay )VP )VP )S )ADJP )VP )S )SBAR )ADJP )VP . )S  STOP
(S -LRB- (PP After (NP 1992 )NP )PP , (NP the winter and summer Olympics )NP (VP will (VP be (VP held (ADVP (NP two years )NP apart )ADVP , (PP with (S (NP the revised schedule )NP (VP beginning (PP with (NP (NP (NP the winter games )NP (PP in (NP 1994 )NP )PP )NP and (NP (NP the summer games )NP (PP in (NP 1996 )NP )PP )NP )NP )PP )VP )S )PP )VP )VP )VP . -RRB- )S  STOP
(S (ADVP Now )ADVP , (NP (NP Mr. Pilson )NP -- (NP (NP a former college basketball player )NP (SBAR (WHNP who )WHNP (S (VP says (SBAR (S (NP a good *UNK )NP (VP needs (NP `` (NP (NP a level )NP (PP of (NP (NP focus )NP and (NP intellectual attention )NP )NP )PP )NP '' (ADJP similar (PP to (NP a good *UNK- )NP )PP )ADJP )NP )VP )S )SBAR )VP )S )SBAR )NP )NP (VP is (VP facing (NP (NP the consequences )NP (PP of (NP his own *UNK )NP )PP )NP )VP )VP . )S  STOP
(S (NP Next month )NP , (NP (NP talks )NP )NP (VP will (VP begin (PP on (NP (NP two *UNKED CBS contracts )NP , (PP for (NP the (UCP pro and college )UCP basketball *UNK )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP CBS )NP (VP is (ADJP likely (S (VP to (VP spend (SBAR (WHNP whatever )WHNP (S (NP it )NP (VP takes (S (VP to (VP keep (NP them )NP )VP )VP )S )VP )S )SBAR )VP )VP )S )ADJP )VP . )S  STOP
(NP (NP The potential bill )NP : (NP (NP (NP (QP more than $ 600 million )QP )NP (PP for (NP several seasons )NP )PP )NP , (NP an (ADJP 80 % )ADJP jump )NP )NP . )NP  STOP
(S (S (ADVP (NP A few months )NP later )ADVP , (NP (NP CBS 's )NP college and pro football contracts )NP (VP come (PRT up )PRT (PP for (NP *UNK )NP )PP )VP )S ; (S (NP they )NP (VP could (VP go (PP for (NP (NP (NP (NP (QP close to $ 100 million )QP )NP more )NP (SBAR than (S (NP CBS )NP (ADVP now )ADVP (VP pays )VP )S )SBAR )NP , (NP a (ADJP (QP 40 % to 50 % )QP )ADJP rise )NP )NP )PP )VP )VP )S . )S  STOP
(SINV `` (S (SBAR (WHNP What )WHNP (S (VP happens (PP to (NP those two basketball contracts )NP )PP )VP )S )SBAR (VP will (VP shape (NP (NP the next five years )NP (PP of (NP network sports )NP )PP )NP )VP )VP )S , '' (VP says )VP (NP (NP Peter *UNKC )NP , (NP (NP a former CBS Sports president )NP (RRC (ADVP now )ADVP (PP at (NP *UNKC Inc )NP )PP )RRC )NP )NP . )SINV  STOP
(S (NP (NP J. William *UNKC )NP , (NP (NP former president )NP (PP of (NP *UNKC )NP )PP )NP , )NP (VP says (SBAR (S (NP NBC )NP (VP may `` (VP come (PRT in )PRT (PP with (NP (NP a huge bid )NP (PP for (NP college basketball )NP )PP )NP )PP (S (VP to (VP (VP take (NP it )NP (PRT away )PRT (PP from (NP CBS )NP )PP )VP and (VP say , ` (S (NP We )NP (VP can (VP *UNK , (ADVP too )ADVP )VP )VP )S )VP )VP )VP )S )VP )VP )S )SBAR )VP . ' )S  STOP
(S And (NP the winners )NP (VP will (VP be (NP (NP the *UNK )NP , not (NP either network )NP )NP )VP )VP . )S  STOP
(FRAG Nor , (PP by (NP the way )NP )PP , (NP advertisers )NP . '' )FRAG  STOP
(S (NP Mr. Pilson )NP (VP is (NP an unlikely big *UNK )NP )VP . )S  STOP
(S (PP In (NP the *UNK- )NP )PP , (SBAR after (S (NP ABC )NP (VP had (ADVP just )ADVP (VP bid (NP a record (QP $ *UNKN million )QP )NP (PP for (NP the 1988 *UNKC *UNKC )NP )PP )VP )VP )S )SBAR , (NP he )NP (VP *UNKED (PP at (NP rivals )NP )PP (PP for (S (VP paying (NP reckless prices )NP )VP )S )PP )VP . )S  STOP
(SINV `` (S (S (NP I )NP (VP love (NP Pilson )NP )VP )S , but (S (NP he )NP (VP was (NP (NP the guy )NP (SBAR (WHNP who )WHNP (S (VP complained (ADVP most *UNKLY and *UNKLY )ADVP )VP )S )SBAR )NP )VP )S )S , '' (VP says )VP (NP (NP Robert *UNKC )NP , (NP a former CBS Sports president )NP )NP . )SINV  STOP
(S `` And (ADVP yet )ADVP (NP his company )NP (VP is (NP (NP one reason )NP (SBAR (WHADVP why )WHADVP (S (NP rights )NP (VP are (ADJP so high )ADJP (NP today )NP )VP )S )SBAR )NP )VP . '' )S  STOP
(S (S (NP *UNKC )NP (VP *UNK (PP at `` (NP (NP the principle )NP (PP of (NP Pilson )NP )PP )NP )PP )VP )S , '' (PRN (SBAR as (S (NP (NP NBC 's )NP Arthur *UNKC )NP (ADVP once )ADVP (VP put (NP it )NP )VP )S )SBAR )PRN -- `` (S (S (NP he )NP (VP 's (ADVP always )ADVP (VP *UNKING (SBAR that (S (NP rights )NP (VP are (ADJP too high )ADJP )VP )S )SBAR )VP )VP )S , then (S (NP he )NP (VP 's (VP going (ADJP crazy )ADJP )VP )VP )S )S . '' )S  STOP
(S But (NP the *UNK- Mr. Pilson )NP (VP is (ADVP hardly )ADVP (NP (NP a man )NP (SBAR (S (VP to (VP ignore (NP the numbers )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP A Yale law school *UNK )NP )S , (NP he )NP (VP (VP began (NP his career )NP (PP in (NP corporate law )NP )PP )VP and then (VP put (PRT in )PRT (NP years )NP (PP at (NP (NP Metromedia Inc. )NP and (NP the William Morris talent agency )NP )NP )PP )VP )VP . )S  STOP
(S (S (PP In (NP 1976 )NP )PP , (NP he )NP (VP joined (NP CBS Sports )NP (S (VP to (VP head (NP business affairs )NP )VP )VP )S )VP )S and , (S (ADVP (NP five years )NP later )ADVP , (VP became (NP its president )NP )VP )S . )S  STOP
(S (NP Mr. Pilson )NP (VP says (SBAR that (S (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP spoke (PRT out )PRT (ADVP (NP a few years )NP ago )ADVP )VP )S )SBAR , `` (S (NP I )NP (VP did n't (VP say (ADVP forever )ADVP )VP )VP )S , and (S (NP I )NP (VP did n't (VP say (NP every property )NP )VP )VP )S )S )SBAR )VP . '' )S  STOP
(S (S (NP The market )NP (VP changed )VP )S , (NP he )NP (VP adds )VP . )S  STOP
(S (S And (NP he )NP (VP is n't (NP the only big *UNK )NP )VP )S : (S (S (NP NBC )NP (VP will (VP pay (NP a record (QP $ *UNKN million )QP )NP (PP for (NP the 1992 *UNKC *UNKC )NP )PP )VP )VP )S , and (S (NP (NP *UNKC )NP , (ADJP *UNKED (PP by (NP Capital *UNKC )NP )PP )ADJP , )NP (VP will (VP *UNK (PRT out )PRT (NP (QP $ 400 million )QP )NP (PP for (NP (NP four years )NP (PP of (NP baseball )NP )PP )NP )PP , (S (VP airing (NP (NP 175 *UNK- games )NP (NP a year )NP )NP )VP )S )VP )VP )S )S . )S  STOP
(S `` (NP Our competitors )NP (VP say (SBAR (S (NP we )NP (VP *UNK (NP them )NP )VP )S )SBAR )VP . )S  STOP
(SBARQ (WHNP Who )WHNP (SQ (VP *UNK )VP )SQ ? )SBARQ  STOP
(S (S (ADVP Maybe )ADVP (NP we )NP (VP recognize (NP (NP values )NP (SBAR (FRAG (NP the other guys )NP (VP do n't )VP )FRAG )SBAR )NP )VP )S , '' (NP Mr. Pilson )NP (VP says )VP . )S  STOP
(S (NP (NP Mr. Pilson 's )NP `` Major *UNKC '' strategy )NP (VP *UNKED (SBAR after (S (NP Mr. *UNKC )NP (VP took (PRT over )PRT )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Pilson )NP (VP recalls (SBAR that (S (PP in (NP April 1986 )NP )PP , (PP after (NP (NP CBS 's )NP annual meeting (PP in (NP Philadelphia )NP )PP )NP )PP , (S (NP (NP he )NP and (NP Mr. *UNKC )NP )NP (VP took (NP (NP the *UNK- train ride )NP (ADVP back (PP to (NP New York )NP )PP )ADVP )NP )VP )S , and (S (NP Mr. Pilson )NP (VP used (NP this extended private audience )NP (S (VP to (VP *UNK (NP his *UNK )NP )VP )VP )S )VP )S )S )SBAR )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (NP (NP a *UNK )NP (PP in (NP hotels and finance )NP )PP )NP , )NP (VP was (ADVP just )ADVP (VP learning (NP the TV business )NP )VP )VP . )S  STOP
(S (S (ADVP (NP Five months )NP later )ADVP , (NP Mr. Tisch )NP (VP took (PRT over )PRT (PP as (NP (NP CBS 's )NP chief executive )NP )PP )VP )S , and (S (ADVP soon )ADVP (NP he )NP (VP was (VP *UNKING (NP sole approval )NP (NP (NP each time )NP (SBAR (S (NP Mr. Pilson )NP (VP (VP *UNKED (NP a (ADJP *UNKLY large )ADJP figure )NP (PP on (NP (NP a slip )NP (PP of (NP paper )NP )PP )NP )PP )VP , (VP *UNKED (NP it )NP (PP in (NP an *UNK )NP )PP )VP and (VP gave (NP it )NP (PP to (NP sports negotiators )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S . )S  STOP
(S (ADVP Then )ADVP , (PP in (NP May 1988 )NP )PP , (NP Mr. Tisch )NP (ADVP *UNKLY )ADVP (VP needed (S (VP to (VP make (NP a bold statement )NP )VP )VP )S (S (VP to (VP *UNK (NP rumors (SBAR that (S (NP he )NP (VP might (VP sell (NP the network )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (S (NP Mr. Pilson )NP (VP gave (NP him )NP (NP one )NP )VP )S : (S (S (NP He )NP (VP bid (NP (QP $ *UNKN million )QP )NP (PP for (NP (NP rights )NP (PP to (NP (NP the 1992 Winter Games )NP (PP in (NP *UNKC , France )NP )PP )NP )PP )NP )PP )VP )S ; (S (NP ABC and NBC )NP (VP would n't (VP bid (NP even (QP $ 200 million )QP )NP )VP )VP )S )S . )S  STOP
(S (NP That )NP (VP started (NP the *UNKING bidding wars )NP )VP . )S  STOP
(S (NP The `` Major *UNKC '' strategy )NP (PRN , (S (NP Mr. Pilson )NP (VP says )VP )S , )PRN (VP is (VP designed (S (VP to (VP *UNK (NP (NP a place )NP (PP for (NP CBS )NP )PP (PP on (NP (NP the crowded TV *UNK )NP (PP of (NP the 1990s )NP )PP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP It )NP (VP 's (ADVP also )ADVP (NP (NP a fast *UNK )NP (PP for (NP an ailing image )NP )PP )NP )VP . )S  STOP
(S (NP He )NP (VP sees (NP *UNK sports )NP (PP as (NP (NP the only way )NP (SBAR (S (NP the *UNK- network )NP (VP can (VP (VP cut (PP through (NP (NP the clutter )NP (PP of (NP cable and *UNKC )NP )PP )NP )PP )VP , (VP grab (NP (NP millions )NP (PP of (NP new viewers )NP )PP )NP )VP and (VP tell (NP them )NP (PP about (NP (NP other shows )NP (VP *UNKING (ADVP (NP a few weeks )NP later )ADVP )VP )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Next October )NP , (NP CBS )NP , (PP for (NP the first time )NP )PP , (VP wo n't (VP have (S (VP to (VP start (NP the season )NP (PP against (NP (NP the *UNKED (ADJP American and National )ADJP baseball league *UNK )NP and (NP the World Series )NP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP I )NP (VP 've (VP been (VP struggling (PP against (NP that )NP )PP (PP for (NP years )NP )PP )VP )VP )VP )S , '' (VP says )VP (NP (NP Jonathan *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP runs (NP (NP *UNKC )NP , (NP (NP the *UNKED station )NP (PP in (NP Chicago )NP )PP )NP )NP )VP )S )SBAR )NP . )SINV  STOP
(S (S (SBAR Even if (S (NP baseball )NP (VP *UNK (NP (NP losses )NP (PP at (NP CBS )NP )PP )NP )VP )S )SBAR (PRN -- and (S (NP he )NP (VP does n't (VP think (SBAR (S (NP it )NP (VP will )VP )S )SBAR )VP )VP )S -- )PRN `` (NP I )NP (VP 'd (ADVP rather )ADVP (VP see (NP the games )NP (PP (PP on (NP our air )NP )PP (PP than (PP on (NP NBC and ABC )NP )PP )PP )PP )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP That )NP (VP is n't (ADJP surprising )ADJP )VP . )S  STOP
(S (S (NP *UNKC TV series ratings )NP (VP have (VP *UNKED (PP in (NP the past five years )NP )PP )VP )VP )S , and (S (S (S (VP *UNKING (NP new shows )NP )VP )S (VP is `` (NP a *UNK *UNK )NP )VP )S , '' (NP Mr. Pilson )NP (VP says )VP )S . )S  STOP
(S But (NP top sports events )NP (VP are (ADVP still )ADVP (NP a strong bet )NP (S (VP to (VP lure (NP (NP audiences )NP (ADJP (ADJP (NP 30 % or 40 % )NP larger )ADJP (PP than (NP (NP those )NP (SBAR (S (NP CBS )NP (ADVP usually )ADVP (VP gets )VP )S )SBAR )NP )PP )ADJP )NP )VP )VP )S )VP . )S  STOP
(S (NP Mr. Pilson )NP (VP says (S (NP (NP baseball )NP and (NP the Olympics )NP )NP (VP may (VP help (S (NP CBS )NP (VP move (ADVP up (PP to (NP (NP No. 2 )NP (PP in (NP the household ratings race )NP )PP )NP )PP )ADVP )VP )S , (S (VP putting (NP *UNK )NP (ADVP back (PP into (NP (NP the network 's )NP image )NP )PP )ADVP )VP )S )VP )VP )S )VP . )S  STOP
(S And (NP the Winter Olympics )NP (VP will (VP air (PP during (NP (NP the February `` *UNK )NP , '' (SBAR (WHADVP when )WHADVP (S (NP ratings )NP (VP are (VP used (S (VP to (VP set (NP (NP ad rates )NP (PP for (NP local stations )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP That )NP (VP will (VP (VP *UNK (NP *UNK- affiliates )NP )VP -- (NP (NP another aim )NP (PP of (NP the Pilson plan )NP )PP )NP )VP )VP . )S  STOP
(S (NP They )NP (ADVP *UNKLY )ADVP (VP *UNK (NP (NP the `` dream season '' )NP (PP in (NP 1990 )NP )PP )NP )VP . )S  STOP
(S (NP CBS )NP (VP will (VP air (NP (NP the *UNKC *UNKC )NP , (NP baseball *UNK )NP , (NP college and pro basketball *UNK )NP and (NP other premier sports events )NP )NP )VP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's (VP made (S (NP me )NP (ADJP more committed (PP to (NP CBS )NP )PP )ADJP )S )VP )VP )S , '' (VP says )VP (NP (NP Philip A. Jones )NP , (NP (NP the president )NP (PP of (NP (NP (NP Meredith Corp. 's )NP broadcast group )NP , (SBAR (WHNP which )WHNP (S (VP has (NP two CBS affiliates )NP )VP )S )SBAR )NP )PP )NP )NP . )SINV  STOP
(S (NP The CBS plan (S (VP to (VP use (NP *UNK- sports )NP (PP as (NP (NP a platform )NP (PP for (NP other series )NP )PP )NP )PP )VP )VP )S )NP (VP carries (NP (NP no guarantee )NP (PP of (NP success )NP )PP )NP , (ADVP however )ADVP )VP . )S  STOP
(S (NP (NP No amount )NP (PP of (NP *UNK )NP )PP )NP (VP will (VP bring (NP viewers )NP (ADVP back )ADVP (SBAR if (S (NP the shows )NP (VP are (ADJP weak )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S `` (S (PP In (NP (NP this market )NP (PP of (NP (NP 40 channels )NP , (NP sophisticated viewers )NP and (NP the *UNK control )NP )NP )PP )NP )PP , (NP trial )NP (VP is n't (NP (NP a guarantee )NP (PP of (NP anything )NP )PP )NP )VP )S , '' (NP (NP *UNKC 's )NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S `` (SBAR If (S (NP the show )NP (VP *UNK n't (NP a *UNK )NP )VP )S )SBAR , (NP they )NP (VP 're (ADJP gone )ADJP )VP . '' )S  STOP
(S (S (PP During (NP the 1984 *UNKC Games )NP )PP , (PP for (NP example )NP )PP , (NP ABC )NP (VP *UNKED `` (NP (NP Call )NP (PP to (NP *UNKC )NP )PP )NP )VP )S , '' but (S (NP the military drama )NP (VP was (ADJP missing (PP in (NP action )NP )PP )ADJP (PP within (NP weeks )NP )PP )VP )S . )S  STOP
(S (NP Last October )NP , (PP during (NP the 1988 *UNKC Games )NP )PP , (NP NBC )NP (ADVP *UNKLY )ADVP (VP *UNKED (NP (NP a new series )NP , `` (NP *UNKC )NP )NP )VP . '' )S  STOP
(S (NP It )NP (VP *UNKED (ADVP anyway )ADVP )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP sports )NP (VP is (ADVP hardly )ADVP (NP (NP the best way )NP (SBAR (S (VP to (VP lure (NP *UNK women )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (SBAR Though (S (NP CBS )NP (VP might (VP move (ADVP up (PP to (NP (NP No. 2 )NP (PP in (NP household ratings )NP )PP )NP )PP )ADVP )VP )VP )S )SBAR , (NP most advertisers )NP (VP buy (PP based (PP on (NP (NP ratings )NP (PP for (NP (NP women )NP (ADJP *UNKED (NP (NP 18 )NP (PP to (NP 49 )NP )PP )NP )ADJP )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP CBS )NP (VP may (VP remain (NP a *UNK No. 3 )NP (PP in (NP that regard )NP )PP )VP )VP . )S  STOP
(SINV Nor is (NP CBS )NP (NP (NP a *UNK- )NP (SBAR (S (VP to (VP get (NP *UNK ratings )NP )VP )VP )S )SBAR )NP . )SINV  STOP
(S (PP In (NP recent years )NP )PP , (NP (NP the World Series )NP and (NP the Olympics )NP )NP (VP were (VP aired (PP against (NP (NP CBS 's )NP *UNK- *UNK )NP )PP )VP )VP . )S  STOP
(S But (NP CBS )NP (VP will (VP put (NP the athletes )NP (ADVP up (PP against (NP (NP Bill *UNKC )NP , `` (NP *UNKC )NP '' and (NP (NP other shows )NP (PP in (NP (NP NBC 's )NP No. 1 schedule )NP )PP )NP )NP )PP )ADVP )VP )VP . )S  STOP
(S (NP (NP Even the *UNK )NP (PP to (NP affiliate relations )NP )PP )NP (VP may (VP be (ADJP limited )ADJP )VP )VP . )S  STOP
(S (NP The sports *UNK )NP (VP may (VP add (NP (QP only 1 % to 5 % )QP )NP (PP to (NP (NP a station 's )NP annual profits )NP )PP )VP )VP . )S  STOP
(S (NP (NP It )NP (ADVP alone )ADVP )NP (VP is n't (ADJP likely (S (VP to (VP stop (NP a station )NP (PP from (S (VP *UNKING (NP CBS shows )NP )VP )S )PP )VP )VP )S )ADJP )VP . )S  STOP
(SINV `` (S (NP (NP The World Series )NP , (NP seven nights )NP , )NP (VP was n't (ADJP enough (PP of (NP an incentive )NP )PP )ADJP )VP )S , '' (VP says )VP (NP (NP Arnold *UNKC )NP (PP of (NP (NP *UNKC )NP (PP in (NP Rochester )NP )PP , (SBAR (WHNP which )WHNP (S (VP dropped (NP CBS )NP (PP for (NP NBC )NP )PP (ADVP (NP six weeks )NP ago )ADVP )VP )S )SBAR )NP )PP )NP . )SINV  STOP
(S `` (NP You )NP (VP 've (VP got (S (VP to (VP judge (SBAR (WHADVP where )WHADVP (S (NP the network )NP (VP will (VP be (PP in (NP three years )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP )VP . '' )S  STOP
(S (NP The *UNK benefits )NP (VP may (VP prove (ADJP extremely costly )ADJP (SBAR if (S (NP CBS )NP (VP ca n't (VP avoid (NP (NP big losses )NP (PP on (NP (NP the sports coverage )NP (NP itself )NP )NP )PP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S And (S (VP *UNKING (NP such losses )NP )VP )S (VP will (VP take (NP a *UNK effort )NP )VP )VP . )S  STOP
(SINV (S (PP On (NP (NP the (ADJP (QP $ *UNKN billion )QP )ADJP baseball agreement )NP (ADVP alone )ADVP )NP )PP , (NP CBS )NP (VP is (ADJP likely (S (VP to (VP lose (NP (QP $ 250 million )QP )NP (PP in (NP four years )NP )PP )VP )VP )S )ADJP )VP )S , (VP contends )VP (NP (NP Mr. *UNKC )NP , (NP the former CBS man )NP , (RRC (ADVP now )ADVP (PP at (NP *UNKC Inc )NP )PP )RRC )NP . )SINV  STOP
(S (ADVP Nevertheless )ADVP , (NP he )NP (VP *UNK (S (NP the deal )NP `` (ADJP plain *UNK )ADJP '' )S (PP for (NP its huge promotional value )NP )PP )VP . )S  STOP
(S (NP Mr. Pilson )NP (VP calls (S (NP that loss estimate )NP `` (ADJP *UNKLY *UNK )ADJP )S , '' (S (VP *UNKING (ADVP only )ADVP (SBAR that (S (NP CBS )NP (VP will (VP lose (NP money )NP (PP on (NP baseball )NP )PP (PP in (NP the first year )NP )PP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S `` (S (NP It )NP (VP 's (ADJP too early (S (VP to (VP tell '' (SBAR (WHNP what )WHNP (S (VP happens (PP after (NP that )NP )PP )VP )S )SBAR )VP )VP )S )ADJP )VP )S , (NP he )NP (VP says )VP . )S  STOP
(S But (S (NP Mr. Tisch )NP (VP expects (NP losses )NP (PP in (NP (NP all four years )NP (PP of (NP the contract )NP )PP )NP )PP )VP )S , (NP he )NP (VP told (NP U.S. senators )NP (NP last June )NP )VP . )S  STOP
(S (S (NP CBS )NP (VP will (VP pay (NP (NP an average )NP (PP of (NP (NP (NP (QP $ *UNK million )QP )NP more )NP )NP )PP )NP (NP each year )NP (SBAR than (S (NP ABC and NBC )NP (VP had (VP paid (ADVP together )ADVP )VP )VP )S )SBAR )VP )VP )S -- and (S (NP those two networks )NP (VP expect (NP (NP losses )NP (PP on (NP baseball )NP )PP )NP (NP this season )NP )VP )S . )S  STOP
(S (ADVP Yet )ADVP (NP CBS )NP (VP will (VP air (NP (NP (QP only 12 )QP *UNK- games )NP , (ADJP (ADJP (NP 26 )NP fewer )ADJP (PP than (NP ABC and NBC )NP )PP )ADJP )NP )VP )VP . )S  STOP
(S (NP That )NP (VP has (VP *UNKED (NP some fans )NP )VP )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP indicates (NP (NP (NP a (ADJP (QP $ 50 million )QP )ADJP drop )NP (PP in (NP (NP ad sales )NP (PP for (NP *UNK- games )NP )PP )NP )PP )NP -- (NP (NP a risk )NP (SBAR (S (NP CBS )NP (VP took (S (VP to (VP get (NP (NP an unprecedented lock )NP (PP on (NP all *UNK games )NP )PP )NP )VP )VP )S )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (SBAR If (S (NP the *UNK )NP (VP end (PP in (NP four-game *UNK )NP )PP )VP )S )SBAR , (NP losses )NP (VP could (VP soar )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP are (VP *UNKING (NP (NP higher prices )NP , (SBAR (WHNP which )WHNP (S (VP would (VP help (S (VP close (NP the gap )NP )VP )S )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP CBS )NP (VP signed (NP (NP General Motors )NP and (NP Toyota )NP )NP (S (VP to (VP be (NP (NP the only *UNK- sponsors )NP (PP in (NP baseball )NP )PP )NP (PP for (NP four years )NP )PP )VP )VP )S )VP . )S  STOP
(NP (NP Price )NP : (NP (QP $ *UNKN million )QP )NP . )NP  STOP
(S But (NP (NP ad executives )NP (SBAR (WHNP who )WHNP (S (VP negotiated (NP the deal )NP )VP )S )SBAR )NP (VP say (SBAR (S (NP that )NP (VP works (PRT out )PRT (PP to (NP (NP (NP (QP only $ *UNKN )QP )NP (PP for (NP (NP a *UNK- ad )NP (PP in (NP the World Series )NP )PP )NP )PP (PP through (NP 1993 )NP )PP )NP -- (ADJP (ADJP (NP 17 % )NP less )ADJP (PP than (SBAR (WHNP what )WHNP (S (NP ABC )NP (VP is (VP charging (PP for (NP the Series )NP )PP (NP this month )NP )VP )VP )S )SBAR )PP )ADJP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Moreover )ADVP , `` (S (NP there )NP (VP 's (NP no question (SBAR (S (NP ad rates )NP (VP will (VP come (ADVP down )ADVP (ADVP considerably )ADVP '' (PP from (NP the *UNKC price )NP )PP )VP )VP )S )SBAR )NP )VP )S , (VP says )VP (NP (NP Arnold Chase )NP (PP of (NP *UNKC Inc )NP )PP )NP . )S  STOP
(S (NP Other *UNK )NP , (ADVP however )ADVP , (VP say (SBAR (S (NP rates )NP (VP could (VP rise (ADVP later )ADVP (SBAR if (S (NP ad spending )NP (VP *UNK )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The Winter Games outlook )NP (ADVP also )ADVP (VP is (ADJP mixed )ADJP )VP . )S  STOP
(S (S (NP CBS )NP (VP expects (S (VP to (VP make (NP modest profits )NP )VP )VP )S )VP )S , but (S (NP rivals )NP (VP contend (SBAR that (S (NP it )NP (VP will (VP take (NP a *UNKING )NP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP ABC )NP (VP lost (NP (QP $ 75 million )QP )NP (PP on (NP the 1988 Winter Games )NP )PP , (PP (ADVP partly )ADVP because of (NP its (ADJP (QP $ *UNKN million )QP )ADJP rights fee )NP )PP )VP . )S  STOP
(S (NP It )NP (VP (VP aired (NP (NP *UNKN hours )NP (PP of (NP (NP (ADJP mostly live )ADJP events )NP (PP in (NP *UNKC )NP )PP )NP )PP )NP -- (S (VP helping (VP raise (NP ratings )NP (ADVP slightly )ADVP (PP from (NP 1984 )NP )PP )VP )VP )S )VP -- but (VP (ADVP still )ADVP failed (S (VP to (VP deliver (NP (NP the audience )NP (VP promised (PP to (NP advertisers )NP )PP )VP )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP CBS )NP (VP will (VP add (NP 25 1\/2 hours )NP (PP to (NP that load )NP )PP (PP in (NP 1992 )NP )PP )VP )VP )S , and (S (NP ratings )NP (VP could (VP be (VP hurt (PP by (NP (NP a lack )NP (PP of (NP live events )NP )PP )NP )PP )VP )VP )VP )S . )S  STOP
(S (S (NP All prime-time fare )NP (VP will (VP be (PP on (NP *UNK- )NP )PP (PP because of (NP (NP time differences )NP (PP with (NP *UNKC )NP )PP )NP )PP )VP )VP )S , so (S (NP the results )NP (VP can (VP be (VP announced (PP on (NP the 6 *UNK news )NP )PP )VP )VP )VP )S . )S  STOP
(S -LRB- (NP Turner Broadcasting )NP (VP will (VP pay (NP CBS )NP (NP (QP $ 25 million )QP )NP (S (VP to (VP air (NP (NP (NP 50 hours )NP (PP of (NP CBS coverage )NP )PP )NP plus (NP (NP 50 hours )NP (PP of (NP additional events )NP )PP )NP )NP )VP )VP )S )VP )VP . -RRB- )S  STOP
(S (NP (NP Barry Frank )NP , (NP (NP the agent )NP (SBAR (WHNP who )WHNP (S (VP took (NP Mr. Pilson )NP (PP to (NP lunch )NP )PP (NP last March )NP )VP )S )SBAR )NP , )NP (VP says (SBAR that (S (SBAR even if (S (NP CBS )NP (VP *UNK , (INTJ say )INTJ , (NP (QP $ 10 million )QP )NP )VP )S )SBAR , (NP it )NP (VP matters (ADVP little )ADVP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP *UNKC million )NP (VP *UNK n't (NP *UNK )NP , (INTJ man )INTJ , (SBAR (WHADVP when )WHADVP (S (NP you )NP (VP got (NP (NP (QP $ 3 billion )QP )NP (VP sitting (PP in (NP the bank )NP )PP )VP )NP )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP Mr. Frank )NP , (NP (NP senior vice president )NP (PP at (NP International Management Group )NP )PP )NP )NP , (S (VP citing (NP (NP (NP CBS 's )NP enormous cash reserves )NP (PP from (S (VP selling (PRT off )PRT (NP various businesses )NP )VP )S )PP )NP )VP )S . )SINV  STOP
(S `` (S (NP It )NP (VP does n't (VP mean (NP anything )NP )VP )VP )S -- (S (NP it )NP (VP 's (NP *UNK- money )NP )VP )S . '' )S  STOP
(SINV (S (ADVP Moreover )ADVP , (NP sports )NP (VP has `` (VP claimed (NP (NP its place )NP '' (PP as (NP a guaranteed *UNK- )NP )PP )NP )VP )VP )S , (VP says )VP (NP (NP David J. *UNKC )NP , (NP (NP the commissioner )NP (PP of (NP the National *UNKC Association )NP )PP )NP )NP . )SINV  STOP
(S `` (S (NP This )NP (VP is n't (NP *UNK bidding )NP )VP )S ; (S (NP this )NP (VP is (NP (NP a situation )NP (PP of (S (NP (ADJP very careful )ADJP businessmen )NP (VP (VP making (NP (NP *UNK )NP (PP about (NP (NP the worth )NP (PP of (NP product )NP )PP )NP )PP )NP )VP and (VP acting (PP on (NP it )NP )PP )VP )VP )S )PP )NP )VP )S ... . )S  STOP
(S (NP I )NP (VP would (VP tend (S (VP to (VP trust (NP their judgment )NP )VP )VP )S )VP )VP . '' )S  STOP
(S (S (NP That )NP (VP 's (ADJP easy (SBAR for (S (NP him )NP (VP to (VP say )VP )VP )S )SBAR )ADJP )VP )S : (S (NP (NP (NP CBS 's )NP four-year *UNKC pact )NP , (RRC (ADVP now )ADVP (PP at (NP (NP (QP $ *UNKN million )QP )NP (PP for (NP four years )NP )PP )NP )PP )RRC , )NP (VP could (VP double (PP in (NP price )NP )PP (PP by (NP (NP the time )NP (SBAR (S (NP (NP his talks )NP (PP with (NP Mr. Pilson )NP )PP )NP (VP are (VP completed )VP )VP )S )SBAR )NP )PP (NP later this month )NP )VP )VP )S . )S  STOP
(S (NP That )NP (VP would (VP cut (PP into (NP (NP (NP CBS 's )NP *UNK margin )NP (PP for (NP profit -- and error )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP CBS Sports )NP (VP earned (NP (QP $ 50 million or so )QP )NP (NP last year )NP )VP . )S  STOP
(S (S And (NP CBS )NP (VP takes (PRT in )PRT (NP the least money )NP (PP in (NP prime time )NP )PP )VP )S ; (S (NP ABC and NBC )NP (VP charge (NP (ADJP (QP 30 % to 35 % )QP )ADJP more )NP (PP for (NP ads )NP )PP , (PP according (PP to (NP a *UNKC survey )NP )PP )PP )VP )S . )S  STOP
(S But (S (NP (NP CBS 's )NP costs )NP (VP are (ADJP huge )ADJP )VP )S , and (S (NP the risks )NP (VP go (ADVP up )ADVP (PP with (NP (NP each new sports package )NP (SBAR (WHNP that )WHNP (S (NP CBS )NP (VP *UNK (PRT up )PRT )VP )S )SBAR )NP )PP )VP )S . )S  STOP
(S (SBAR Although (S (NP sports officials )NP (VP predict (NP (NP *UNK )NP (PP of (NP (QP 50 % to 100 % )QP )NP )PP (PP in (NP (NP the major contracts )NP (VP coming (PRT up )PRT (PP for (NP *UNK )NP )PP )VP )NP )PP )NP )VP )S )SBAR , (NP ad rates )NP (VP may (VP rise (NP (QP only 20 )QP % )NP )VP )VP . )S  STOP
(S (NP CBS )NP (VP hopes (S (VP to (VP save (NP money )NP (PP by (S (VP ordering (NP (NP fewer *UNK )NP (PP of (NP regular series )NP )PP )NP )VP )S )PP )VP )VP )S (SBAR because (S (NP sports )NP (VP will (VP fill (PRT up )PRT (NP (NP a few weeks )NP (PP of (NP prime time )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP the savings )NP (VP will (VP be (ADJP *UNK )ADJP )VP )VP . )S  STOP
(S (S (NP (NP Each hour )NP (PP of (NP Olympics and baseball )NP )PP (PP in (NP prime time )NP )PP )NP (VP will (VP cost (NP CBS )NP (NP (QP $ 2.6 million to $ 2.8 million )QP )NP )VP )VP )S ; (S (S (NP an *UNK- drama )NP (VP costs (NP (QP only $ *UNKN )QP )NP )VP )S , and (S (NP it )NP (VP is (VP aired (ADVP twice )ADVP )VP )VP )S )S . )S  STOP
(S (NP CBS )NP (VP may (VP *UNK (NP losses )NP (PP with (NP (NP (QP about $ 200 million )QP )NP (NP a year )NP (PP in (NP (NP interest )NP (VP earned (PP on (NP (NP the proceeds )NP (PP from (S (VP selling (NP (NP CBS Records )NP and (NP other businesses )NP )NP )VP )S )PP )NP )PP )VP )NP )PP )NP )PP )VP )VP . )S  STOP
(S But (NP (NP *UNK- analyst Richard J. *UNKC )NP (PP of (NP *UNKC *UNKC *UNKLY )NP )PP )NP (VP says (SBAR (S (NP Wall Street )NP (VP wo n't (VP take (ADVP *UNKLY )ADVP (PP to (NP that )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (PP On (NP a *UNK- basis )NP )PP , (NP the network )NP (VP ought (S (VP to (VP make (NP money )NP )VP )VP )S )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP Mr. Pilson )NP (VP is (VP asked (ADVP directly )ADVP -- (SQ can (NP you )NP (VP make (NP money )NP (PP on (NP all this )NP )PP )VP ? )SQ )VP )VP )S )SBAR -- (NP he )NP (VP does n't (ADVP exactly )ADVP (VP say (INTJ yes )INTJ )VP )VP . )S  STOP
(S `` (S (SBAR (WHNP What )WHNP (S (NP you )NP (VP 're (ADVP really )ADVP (VP asking )VP )VP )S )SBAR (VP is , (SQ Are (NP (NP the profit and loss margins )NP (VP anticipated (PP on (NP the events )NP )PP )VP )NP (ADJP acceptable (PP to (NP management )NP )PP )ADJP ? )SQ )VP )S '' (NP he )NP (VP says )VP . )S  STOP
(S (ADVP Then )ADVP , (NP he )NP (VP answers (NP his own question )NP )VP . )S  STOP
(S `` (INTJ *UNKC )INTJ , (NP they )NP (VP are )VP . )S  STOP
(S (NP That )NP (VP 's (NP (NP the only question )NP (SBAR (S (NP we )NP (VP need (S (VP to (VP address )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (S (VP *UNKC (NP a phone order )NP (PP through (NP most any catalog )NP )PP )VP )S and (S (NP chances )NP (VP are (SBAR (S (NP (NP the clerk )NP (SBAR (WHNP who )WHNP (S (VP answers )VP )S )SBAR )NP (VP wo n't (VP be (NP (NP the only one )NP (PP on (NP the line )NP )PP )NP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP *UNKC )NP (VP have (NP big *UNK )NP (NP these days )NP )VP . )S  STOP
(S Or (VP (VP open (PRT up )PRT (NP an electronics magazine )NP )VP and (VP *UNK (NP (NP the ads )NP (PP for (NP (NP *UNK tape recorders )NP and (NP other *UNKING *UNK )NP )NP )PP )NP )VP )VP . )S  STOP
(S (NP Some )NP (VP would (VP make (S (NP even James Bond )NP (ADJP green (PP with (NP *UNK )NP )PP )ADJP )S )VP )VP . )S  STOP
(S (NP (NP *UNKING )NP -- (ADJP both (ADJP corporate )ADJP and (ADJP private )ADJP )ADJP -- )NP (VP is (PP on (NP the rise )NP )PP , (NP (NP thanks )NP (PP to (NP (NP the *UNK )NP (PP of (NP *UNK technologies )NP )PP )NP )PP )NP )VP . )S  STOP
(S And (SBAR while (S (NP (NP (NP sellers )NP (PP of (NP the equipment )NP )PP )NP and (NP (NP companies )NP (VP `` monitoring '' (NP employees )NP )VP )NP )NP (VP have (NP few *UNK )NP )VP )S )SBAR , (NP (NP *UNK- advocates )NP and (NP some lawmakers )NP )NP (VP are (ADJP *UNKED )ADJP )VP . )S  STOP
(SINV `` (S (NP New technologies )NP (VP are (VP changing (NP (NP (NP the way )NP (SBAR (S (NP we )NP (VP deal (PP with (NP each other )NP )PP )VP )S )SBAR )NP and (NP (NP the way )NP (SBAR (S (NP we )NP (VP work )VP )S )SBAR )NP )NP )VP )VP )S , '' (VP says )VP (NP (NP *UNKC Goldman )NP , (NP (NP a staff attorney )NP (PP at (NP the American Civil *UNKC Union )NP )PP )NP )NP . )SINV  STOP
(S `` (NP (NP Our expectation )NP (PP of (NP *UNK )NP )PP )NP (VP is (VP being (VP *UNKED )VP )VP )VP . '' )S  STOP
(S (PP On (NP the corporate side )NP )PP , (NP companies )NP (VP claim (SBAR that (S (S (VP monitoring (NP employee phone conversations )NP )VP )S (VP is (ADJP both (ADJP legal )ADJP and (ADJP necessary )ADJP )ADJP (S (VP to (VP (VP gauge (NP productivity )NP )VP and (VP ensure (NP good service )NP )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The practice )NP (VP is (ADJP common )ADJP (PP at (NP (NP catalog , insurance and phone companies )NP , (NP banks )NP and (NP *UNK )NP )NP )PP , (PP according (PP to (NP (NP trade groups )NP and (NP worker organizations )NP )NP )PP )PP )VP . )S  STOP
(S (NP It )NP (VP 's (ADVP also )ADVP (ADJP widespread )ADJP (PP for (NP (NP *UNK *UNK )NP (PP in (NP the (UCP airline , *UNK- , hotel and railroad )UCP industries )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP (NP The Communications Workers )NP (PP of (NP America )NP )PP )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP such monitoring )NP )VP )S )SBAR , )NP (VP says (SBAR (S (NP *UNK )NP (VP listen (PRT in )PRT (PP on (NP an estimated (QP 400 million )QP calls )NP )PP (NP each year )NP )VP )S )SBAR )VP . )S  STOP
(SINV (PP Among (NP (NP companies )NP (VP saying (SBAR (S (NP they )NP (VP monitor (NP employees )NP )VP )S )SBAR )VP )NP )PP (VP are )VP (NP (NP United Airlines )NP , (NP American Airlines )NP , (NP United *UNKC Service )NP , (NP Nynex Corp. )NP , (NP Spiegel Inc. )NP , and (NP (NP the circulation department )NP (PP of (NP this newspaper )NP )PP )NP )NP . )SINV  STOP
(S (NP Some Wall Street firms )NP (VP monitor (PP for (NP *UNKING purposes )NP )PP )VP . )S  STOP
(S (NP *UNKC Corp. )NP (VP says (SBAR (S (NP there )NP (VP 's (NP (NP a big business demand )NP (PP for (NP (NP its *UNKED *UNKING systems )NP , (NP whether (NP (NP (NP the sophisticated *UNKC *UNKN system )NP , (SBAR (WHNP which )WHNP (S (VP (VP costs (NP (QP from $ 10,000 to $ *UNKN )QP )NP )VP and (VP can (VP record (NP 240 conversations )NP (ADVP *UNKLY )ADVP )VP )VP )VP )S )SBAR )NP )NP , or (NP (NP simple *UNK units )NP (VP selling (PP for (NP $ *UNKN )NP )PP )VP )NP )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP *UNKC )NP `` (VP want (S (VP to (VP (VP *UNK (NP information )NP )VP and (VP ensure (NP *UNK )NP )VP )VP )VP )S )VP )S , '' (VP says )VP (NP (NP John *UNKC )NP , (NP (NP (NP *UNKC 's )NP manager )NP (PP of (NP media relations )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP The state )NP (PP of (NP Alaska )NP )PP )NP (ADVP recently )ADVP (VP bought (NP the *UNKC system )NP (PRN , (S (NP he )NP (VP says )VP )S , `` )PRN (S (VP to (VP monitor (NP the Exxon cleanup effort )NP )VP )VP )S )VP . '' )S  STOP
(S (NP (NP Merrill Lynch & Co. )NP and (NP Shearson Lehman Hutton Inc. )NP )NP (VP say (SBAR (S (NP they )NP (VP use (NP *UNKED systems )NP (S (VP to (VP record and *UNK (NP orders )NP (PP between (NP salesmen and traders )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Shearson )NP (VP says (SBAR (S (NP it )NP (VP has (VP taped (NP (NP (NP some )NP (PP of (NP its institutional trading desks )NP )PP )NP , (PP such as (NP commodities and futures )NP )PP , )NP (PP for (NP about four years )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Both companies )NP (VP stress (SBAR (SBAR that (S (NP employees )NP (VP know (SBAR (S (NP they )NP (VP are (VP being (VP recorded )VP )VP )VP )S )SBAR )VP )S )SBAR and (SBAR that (S (NP customer conversations )NP (VP are n't (VP taped )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP Kidder Peabody & Co. )NP (VP says (SBAR (S (NP it )NP (VP *UNK (NP (NP *UNKING conversations )NP (PP between (NP brokers and customers )NP )PP )NP (S (VP to (VP *UNK (NP order *UNK )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKING )NP (PP by (NP individuals )NP )PP )NP (VP is (ADJP harder (SBAR (S (VP to (VP measure )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S But (NP devices )NP (VP are (ADVP there (PP for (NP the asking )NP )PP )ADVP , (PP whether (PP in (NP stores )NP )PP or (PP through (NP the mail )NP )PP )PP )VP . )S  STOP
(S (NP (NP The *UNKC *UNKC *UNKC )NP (PP in (NP Washington , D.C. )NP )PP )NP , (PP for (NP instance )NP )PP , (VP offers (NP (NP the `` *UNKC *UNKC '' *UNK case )NP , (SBAR (WHNP which )WHNP (S (VP can (ADVP *UNKLY )ADVP (VP record (NP conversations )NP (PP for (NP (NP nine hours )NP (PP at (NP a stretch )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP (NP That )NP and (NP other fancy *UNK )NP )NP (VP may (VP cost (NP thousands )NP )VP )VP )S , but (S (NP simple *UNKED tape recorders )NP (VP sell (PP for (ADJP (ADJP as little )ADJP (PP as (NP $ 70 )NP )PP )ADJP )PP (PP at (NP (NP electronics stores )NP (PP like (NP Radio *UNKC )NP )PP )NP )PP )VP )S . )S  STOP
(SINV (S (NP (NP The (ADJP most common )ADJP use )NP (PP of (NP *UNKING devices )NP )PP )NP (VP is (PP in (NP *UNK cases )NP )PP )VP )S , (VP say )VP (NP private investigators )NP . )SINV  STOP
(S (SBAR While (S (NP (NP tape *UNK )NP (SBAR (S (VP to (VP *UNK , (INTJ say )INTJ , (NP *UNK )NP )VP )VP )S )SBAR )NP (VP are n't (ADJP *UNK )ADJP (PP in (NP court )NP )PP )VP )S )SBAR , (NP they )NP (VP can (VP mean (NP leverage )NP (PP in (NP a settlement )NP )PP )VP )VP . )S  STOP
(S (S (VP *UNKED (PP with (NP (NP (NP the increased availability )NP (PP of (NP *UNK technology )NP )PP )NP and (NP (NP *UNK use )NP (PP of (NP it )NP )PP )NP )NP )PP )VP )S , (NP lawmakers )NP (VP have (VP proposed (NP (NP laws )NP (VP *UNKING (NP the issue )NP )VP )NP )VP )VP . )S  STOP
(S (NP *UNKC states )NP (VP have (VP introduced (NP (NP bills )NP (VP requiring (SBAR that (S (NP workers and customers )NP (VP be (VP made (S (ADJP aware (PP of (NP monitoring )NP )PP )ADJP )S )VP )VP )S )SBAR )VP )NP )VP )VP . )S  STOP
(S And (NP (NP four states )NP -- (NP (NP California )NP , (NP Florida )NP , (NP Michigan )NP and (NP Pennsylvania )NP )NP -- )NP (VP have (VP adopted (NP rules (SBAR that (S (NP (NP all parties )NP (ADJP involved )ADJP )NP (VP must (VP consent (SBAR (WHADVP when )WHADVP (S (NP phone calls )NP (VP are (VP recorded )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP Two bills )NP (PP in (NP Congress )NP )PP )NP (VP hope (S (VP to (VP make (S (NP such restrictions )NP (ADJP national )ADJP )S )VP )VP )S )VP . )S  STOP
(S (PP In (NP May )NP )PP , (NP (NP Rep. Don Edwards )NP (PRN -LRB- (NP (NP D. )NP (NP Calif . )NP )NP -RRB- )PRN )NP (VP introduced (NP (NP congressional legislation )NP (SBAR (WHNP that )WHNP (S (VP would (VP require (NP (NP an *UNK *UNKING )NP (PP during (NP any employee monitoring )NP )PP , (VP warning (NP people )NP (SBAR that (S (NP they )NP (VP are (VP being (VP heard )VP )VP )VP )S )SBAR )VP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S -LRB- (NP The legislation )NP (VP is (ADJP similar (PP to (NP (NP a 1987 `` *UNK bill '' )NP (SBAR (WHNP that )WHNP (S (VP was (VP defeated (PP after (NP (NP heavy lobbying )NP (PP by (NP the *UNKING industry )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )ADJP )VP . -RRB- )S  STOP
(S (ADVP Also )ADVP (NP last spring )NP , (NP (NP Rep. Ron *UNKC )NP (PRN -LRB- (NP (NP D. )NP , (NP Calif. )NP )NP -RRB- )PRN , )NP (VP introduced (NP (NP a bill )NP (VP requiring (NP (NP *UNK *UNK- consent )NP (PP to (NP any *UNK )NP )PP )NP (PP in (NP (NP cases )NP (SBAR (WHNP that )WHNP (S (VP do n't (VP involve (NP law enforcement )NP )VP )VP )S )SBAR )NP )PP )VP )NP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP (NP products )NP (PP such as (NP *UNKED tape recorders )NP )PP )NP (VP would (VP have (S (VP to (VP include (NP (NP *UNK *UNK )NP and (NP (NP labels )NP (VP explaining (NP (NP federal laws )NP (PP on (NP *UNKING )NP )PP )NP )VP )NP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The outlook )NP (PP on (NP both federal bills )NP )PP )NP (VP is (ADJP uncertain )ADJP , (S (ADVP especially )ADVP (VP *UNKING (NP the 1987 defeat )NP )VP )S )VP . )S  STOP
(S (S (NP (NP The *UNKC )NP and (NP worker organizations )NP )NP (VP back (NP tighter laws )NP )VP )S , but (S (NP (NP employers )NP and (NP device manufacturers )NP )NP (VP *UNK )VP )S . )S  STOP
(SINV `` (S (NP I )NP (VP 'm (ADJP *UNK (PP with (NP (NP workers )NP (SBAR (WHNP who )WHNP (S (VP feel (PP under (NP the *UNK )NP )PP )VP )S )SBAR )NP )PP )ADJP )VP )S , '' (VP says )VP (NP (NP Richard *UNKC )NP (PP of (NP (NP (NP the *UNKC Marketing Association )NP (PP of (NP America )NP )PP )NP , (SBAR (WHNP which )WHNP (S (VP is (VP lobbying (ADVP *UNKLY )ADVP (PP against (NP the Edwards *UNK bill )NP )PP )VP )VP )S )SBAR )NP )PP )NP . )SINV  STOP
(S `` But (NP (NP the only way )NP (SBAR (S (NP you )NP (VP can (VP find (PRT out )PRT (SBAR (WHADVP how )WHADVP (S (NP your people )NP (VP are (VP doing )VP )VP )S )SBAR )VP )VP )S )SBAR )NP (VP is (PP by (S (VP listening )VP )S )PP )VP . '' )S  STOP
(S (NP (NP The powerful group )NP , (SBAR (WHNP which )WHNP (S (VP represents (NP (NP many )NP (PP of (NP (NP the nation 's )NP *UNK )NP )PP )NP )VP )S )SBAR , )NP (VP was (ADJP *UNK (PP in (S (VP *UNKING (NP the 1987 bill )NP )VP )S )PP )ADJP )VP . )S  STOP
(S (NP Spiegel )NP (ADVP also )ADVP (VP opposes (NP the *UNK bill )NP , (S (VP saying (SBAR (S (NP (NP the *UNK )NP (SBAR (S (NP it )NP (VP requires )VP )S )SBAR )NP (VP would (VP interfere (PP with (NP customer orders )NP )PP , (S (VP causing (NP (NP *UNK )NP and (ADVP even )ADVP (NP errors )NP )NP )VP )S )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP center manager )NP (PP at (NP (NP (NP the catalog company 's )NP customer order center )NP (PP in (NP *UNKC , *UNKC )NP )PP )NP )PP )NP , )NP (VP *UNK (NP monitoring )NP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP like (S (VP to (VP (VP follow (PRT up )PRT )VP and (VP make (ADJP sure (SBAR (S (NP operators )NP (VP are (VP *UNKING (NP (NP our standards )NP (PP of (NP company service )NP )PP )NP )VP )VP )S )SBAR )ADJP )VP )VP )VP )S )VP )S , '' (VP says )VP (NP (NP Ms. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP *UNK (NP 350 operators )NP )VP )S )SBAR )NP . )SINV  STOP
(S (NP (NP John *UNKC )NP , (NP a Nynex spokesman )NP , )NP (VP says (SBAR (S (NP the telephone company )NP (VP needs (S (VP to (VP monitor (NP operators )NP )VP )VP )S (S (VP to (VP evaluate (NP (NP performance )NP (PP during (NP (NP the first six months )NP (PP on (NP the job )NP )PP )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S `` (ADVP Sometimes )ADVP (PRN , '' (S (NP he )NP (VP says )VP )S , `` )PRN (NP we )NP (VP 'll (VP pull (NP someone )NP (PP off (NP the phones )NP )PP (PP for (NP more training )NP )PP )VP )VP . '' )S  STOP
(S (NP Federal *UNK *UNK )NP (VP recognize (NP (NP the right )NP (PP of (NP employers )NP )PP (S (VP to (VP monitor (NP employees ' )NP (PP for (NP evaluation purposes )NP )PP )VP )VP )S )NP )VP . )S  STOP
(S And (PP in (NP the past )NP )PP , (NP Congress )NP (VP has (VP viewed (NP monitoring )NP (PP as (NP (NP an issue )NP (VP (ADVP best )ADVP handled (PP in (NP union negotiations )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S But (NP opponents )NP , (S (VP led (PP by (NP the *UNKC )NP )PP )VP )S , (VP say (SBAR (S (NP new laws )NP (VP are (VP needed (SBAR because (S (S (NP monitoring )NP (VP is (ADJP heavily concentrated (PP in (NP service industries )NP )PP )ADJP )VP )S and (S (NP (NP 81 % )NP (PP of (NP monitored workers )NP )PP )NP (VP are n't (VP represented (PP by (NP unions )NP )PP )VP )VP )S )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNKC )NP (VP claims (SBAR that (S (NP monitoring )NP (VP (CONJP not only )CONJP (VP *UNK (PP on (NP employee *UNK )NP )PP )VP , but (VP increases (NP stress )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP `` (NP (NP *UNKC )NP (PP to (NP Five )NP )PP )NP , '' (NP (NP a *UNKED office workers organization )NP (SBAR (WHNP that )WHNP (S (VP supports (NP the *UNK bill )NP )VP )S )SBAR )NP , )NP (ADVP (NP six months )NP ago )ADVP (VP started (NP (NP a *UNK hot line )NP (SBAR (S (VP to (VP receive (NP (NP reports )NP (PP of (NP alleged monitoring *UNK )NP )PP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP supporters )NP (PP of (NP the *UNKC *UNK- consent bill )NP )PP )NP (VP say (SBAR (S (NP it )NP (VP is (VP needed (PP because of (NP (NP a giant *UNK )NP (PP in (NP the *UNK- consent law )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Currently )ADVP , (SBAR if (S (NP (NP the person )NP (VP *UNKING )VP )NP (VP is (NP (NP a party )NP (PP to (NP the conversation )NP )PP )NP )VP )S )SBAR , (NP (NP it )NP )NP (VP 's (ADJP all right )ADJP (S (VP to (VP record (PP without (NP (NP the knowledge )NP (PP of (NP (NP the other person )NP (PP on (NP the line )NP )PP )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S -LRB- (S (VP *UNKING (NP (NP other people 's )NP private conversations )NP )VP )S (VP is (ADJP (ADJP illegal )ADJP and (ADJP *UNK (PP by (NP (NP (NP five years )NP (PP in (NP prison )NP )PP )NP and (NP (NP fines )NP (PP of (NP $ 10,000 )NP )PP )NP )NP )PP )ADJP )ADJP )VP . -RRB- )S  STOP
(S (NP The electronics industry )NP (VP is (ADVP closely )ADVP (VP following (NP the *UNKC bill )NP )VP )VP . )S  STOP
(S (NP (NP (NP Some marketers )NP (PP of (NP *UNK gear )NP )PP )NP -- (PP including (NP (NP Communication Control System Ltd. )NP , (SBAR (WHNP which )WHNP (S (VP owns (NP (NP the *UNKC *UNKC Shop )NP and (NP (NP others )NP (PP like (NP it )NP )PP )NP )NP )VP )S )SBAR )NP )PP -- )NP (ADVP already )ADVP (VP put (NP (NP warning labels )NP )NP (PP in (NP their *UNK )NP )PP (VP *UNKING (NP customers )NP (PP of (NP the *UNK- law )NP )PP )VP )VP . )S  STOP
(S But (NP *UNK )NP (VP contend (SBAR that (S (NP they )NP (VP ca n't (VP control (SBAR (WHADVP how )WHADVP (S (NP their products )NP (VP are (VP used )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Radio *UNKC )NP (VP says (SBAR (S (NP it )NP (VP has (NP (NP a policy )NP (PP against (S (VP selling (NP products )NP (SBAR if (S (NP a *UNK )NP (VP *UNK (SBAR (S (NP they )NP (VP will (VP be (VP used (ADVP illegally )ADVP )VP )VP )VP )S )SBAR )VP )S )SBAR )VP )S )PP )NP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP (NP Everything )NP (VP sold (PP at (NP Radio *UNKC )NP )PP )VP )NP (VP has (NP a legal purpose )NP )VP )S , '' (VP says )VP (NP (NP Bernard *UNKC )NP , (NP (NP president )NP (PP of (NP the Tandy Corp. subsidiary )NP )PP )NP )NP . )SINV  STOP
(S (NP He )NP (VP says (SBAR (SBAR (S (NP he )NP (VP has n't (ADVP yet )ADVP (VP studied (NP the *UNKC bill )NP )VP )VP )S )SBAR , but (SBAR that (S (S (VP requiring (NP (NP a *UNKING tone )NP (PP on (NP recorders )NP )PP )NP )VP )S `` (VP would (VP be (ADJP *UNK )ADJP )VP )VP )S )SBAR )SBAR )VP . '' )S  STOP
(S (ADVP Still )ADVP , (NP Radio *UNKC )NP (VP is (ADJP aware (SBAR that (S (NP (NP some )NP (PP of (NP its products )NP )PP )NP (VP are (ADJP controversial )ADJP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (ADVP (NP A few years )NP ago )ADVP , (NP the company )NP (ADVP voluntarily )ADVP (VP stopped (VP selling (NP `` (NP The Big *UNKC )NP , '' (NP a powerful *UNK )NP )NP )VP )VP . )S  STOP
(SINV (S (PP With (NP its ability (S (VP to (VP pick (PRT up )PRT (NP (NP *UNK )NP and (NP *UNKING *UNK )NP )NP )VP )VP )S )NP )PP , `` (NP it )NP (VP was (VP meant (S (VP to (VP be (NP (NP a *UNK )NP (PP for (NP children )NP )PP (PP for (NP *UNK watching )NP )PP )NP )VP )VP )S )VP )VP )S , '' (VP says )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S `` But (NP we )NP (VP were (VP getting (NP (ADJP too many )ADJP complaints (SBAR that (S (NP people )NP (VP were (VP using (NP them )NP (S (VP to (VP *UNK (PP on (NP their neighbors )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP . '' )S  STOP
(S (NP (NP The hottest *UNK )NP (PP in (NP the computer industry )NP )PP )NP (VP *UNKED (ADVP sharply )ADVP (NP yesterday )NP (SBAR as (S (NP Digital Equipment Corp. )NP (VP announced (NP (NP its first line )NP (PP of (NP mainframe computers )NP )PP )NP , (S (VP targeting (NP (NP International Business Machines Corp. 's )NP largest market )NP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP IBM )NP (VP fired (PRT back )PRT (PP with (NP (NP new mainframes )NP (PP of (NP its own )NP )PP )NP )PP , (S (VP extending (NP the *UNK- *UNKN line )NP (PP with (NP a (ADJP (QP 7 % to 14 % )QP )ADJP power boost )NP )PP )VP )S )VP . )S  STOP
(S (PP Up (PP to (ADVP now )ADVP )PP )PP , (NP (NP the intense competition )NP (PP between (NP IBM and Digital )NP )PP )NP (VP has (VP been (VP *UNKED (PP (ADVP largely )ADVP to (NP (NP (NP the broad *UNK )NP (PP of (NP the computer market )NP )PP )NP , (SBAR (WHADVP where )WHADVP (S (NP Digital )NP (VP sought (S (VP to (VP exploit (NP (NP (NP IBM 's )NP weaknesses )NP (PP in (NP *UNKING )NP )PP )NP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S But (NP (NP (NP Digital 's )NP move )NP (PP into (NP mainframes )NP )PP )NP (VP will (VP target (NP (NP (NP IBM 's )NP home turf )NP , (SBAR (WHADVP where )WHADVP (S (NP it )NP (VP has (NP (NP a *UNKING (ADJP 70 % )ADJP share )NP (PP of (NP the market )NP )PP )NP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP Digital )NP , (NP Maynard , Mass. , )NP )NP (VP insisted (NP yesterday )NP (SBAR that (S (NP its marketing focus )NP (VP would (VP *UNK (ADVP sharply )ADVP (PP from (NP IBM 's )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP This )NP (VP is not (NP (NP your father 's )NP mainframe )NP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP a Digital spokesman )NP )NP . )SINV  STOP
(S `` (S (NP It )NP (VP 's (NP a whole new generation )NP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP (NP IBM )NP , (SBAR (WHNP which )WHNP (S (VP gets (NP (NP (QP about half )QP its revenue )NP and (NP (QP more than half )QP its profit )NP )NP (PP from (NP mainframes )NP )PP )VP )S )SBAR , )NP (ADVP also )ADVP (VP announced (NP (NP *UNKED operating system software )NP (SBAR (WHNP that )WHNP (S , (ADVP together (PP with (NP the new hardware )NP )PP )ADVP , (VP *UNK (S (NP customers )NP (VP do (NP so-called *UNK processing )NP (ADVP (NP (QP as much as 60 )QP % )NP faster )ADVP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (NP *UNKC processing )NP (VP is (NP (NP the *UNK- , *UNK- data processing )NP (SBAR (WHNP that )WHNP (S (NP most mainframes )NP (ADVP typically )ADVP (VP *UNK (PP through )PP (PP at (NP night )NP )PP )VP )S )SBAR , (PP such as (S (VP *UNKING (NP accounts )NP (PP at (NP banks )NP )PP )VP )S )PP )NP )VP . )S  STOP
(S (NP IBM )NP (VP said (SBAR (S (NP the 16 new *UNK and *UNK models )NP (VP will (ADVP generally )ADVP (VP be (ADJP available )ADJP (ADVP immediately )ADVP , (SBAR though (S (NP three )NP (VP wo n't (VP ship (PP until (NP (NP (QP the third quarter )QP )NP (PP of (NP next year )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP Prices )NP (PP on (NP the larger models )NP )PP )NP , (SBAR (WHNP which )WHNP (S (VP range (ADVP (ADVP as high )ADVP (PP as (NP (QP $ 13 million )QP )NP )PP )ADVP )VP )S )SBAR , )NP (ADVP generally )ADVP (VP wo n't (VP change )VP )VP . )S  STOP
(S (NP (NP Small models )NP , (SBAR (WHNP whose performance )WHNP (S (VP increased (NP (QP as much as 46 )QP % )NP )VP )S )SBAR , )NP (VP will (VP carry (NP higher prices )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP to (NP bigger models )NP )PP )NP (ADVP also )ADVP (VP will (VP be (ADJP *UNK )ADJP )VP )VP . )S  STOP
(S (NP (NP (NP Digital 's )NP *UNKC *UNKN mainframes )NP , (SBAR (WHNP which )WHNP (S (NP it )NP (VP claimed (SBAR (S (VP were (PP among (NP (NP the *UNK )NP (ADJP available )ADJP )NP )PP )VP )S )SBAR )VP )S )SBAR , )NP (VP were (VP priced (PP (PP from (NP (QP $ 1.2 million )QP )NP )PP (PP to (NP (QP $ 3.9 million )QP )NP )PP )PP , (ADVP (ADVP sharply lower )ADVP (PP than (NP (NP IBM models )NP (PP of (NP comparable power )NP )PP )NP )PP )ADVP )VP )VP . )S  STOP
(S (NP The first models )NP (VP will (VP ship (PP in (NP the spring )NP )PP , (PP with (S (NP the largest )NP (VP following (PP in (NP the fall )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S (NP Analysts )NP (VP were (ADJP disappointed (SBAR that (S (NP (NP Digital 's )NP new line )NP (ADVP apparently )ADVP (VP wo n't (VP contribute (NP much )NP (PP to (NP earnings )NP )PP (PP before (NP (NP the next fiscal year )NP , (SBAR (WHNP which )WHNP (S (VP begins (PP in (NP July )NP )PP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP (NP Jay Stevens )NP (PP of (NP Dean Witter Reynolds Inc. )NP )PP )NP (VP said (SBAR (S (NP he )NP (VP may (VP cut (NP (NP his earnings estimate )NP (PP for (NP the current fiscal year )NP )PP )NP (SBAR because (S (NP he )NP (VP had (VP expected (NP (ADVP at least )ADVP some mainframe profit )NP (NP this year )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP he )NP (VP added (SBAR that (S (NP he )NP (VP expected (S (VP to (VP raise (NP (NP his estimate )NP (PP for (NP fiscal 1991 )NP )PP )NP (PP at (NP the same time )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP After (NP the announcement )NP )PP (NP yesterday )NP , (NP Digital shares )NP (VP gained (NP $ 1.25 )NP (S (VP to (VP close (PP at (NP $ *UNKN )NP )PP )VP )VP )S (PP in (NP New York Stock Exchange composite trading )NP )PP )VP . )S  STOP
(S (NP IBM shares )NP (VP closed (PP at (NP (NP $ 103 )NP , (ADVP down (NP 50 cents )NP )ADVP , )NP )PP (PP in (NP Big Board trading )NP )PP )VP . )S  STOP
(S (NP Analysts )NP (VP have (VP predicted (NP (NP strong *UNK- demand )NP (PP for (NP the new line )NP )PP (PP among (NP (NP Digital 's )NP customers )NP )PP )NP )VP )VP . )S  STOP
(S (NP *UNKC Digital buyers )NP (VP say (SBAR (S (NP the new *UNKC )NP (VP will (VP let (S (NP them )NP (VP stay (PP with (NP Digital )NP )PP (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP need (NP (NP the power )NP (PP of (NP a mainframe )NP )PP )NP )VP )S )SBAR , (PP instead of (S (VP turning (PP to (NP IBM )NP )PP )VP )S )PP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP I )NP (VP 'm (ADJP convinced (SBAR (S (NP there )NP (VP 's (NP (NP a huge market )NP (PP for (NP this machine )NP )PP )NP )VP )S )SBAR )ADJP )VP )S , '' (VP said )VP (NP (NP Stephen Smith )NP (PP of (NP PaineWebber Inc )NP )PP )NP . )SINV  STOP
(S (NP Digital )NP (ADVP also )ADVP (VP plans (S (VP to (VP compete (ADVP *UNKLY )ADVP (PP with (NP IBM )NP )PP (SBAR (WHADVP when )WHADVP (S (NP (NP the giant 's )NP customers )NP (VP are (VP *UNKING (NP (NP new aspects )NP (PP of (NP their businesses )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP Digital )NP , (ADVP however )ADVP , (VP does n't (VP expect (S (VP to (VP *UNK (NP (NP IBM mainframes )NP (SBAR (WHNP that )WHNP (S (VP are (ADVP already )ADVP (VP installed (PP at (NP big companies )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP In (NP (NP addition )NP (PP to (NP commercial markets )NP )PP )NP )PP , (NP (NP Digital 's )NP new line )NP (VP targets (NP (NP the low end )NP (PP of (NP the (UCP engineering and scientific )UCP supercomputer market )NP )PP )NP , (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP 's (VP packaged (PP with (NP (NP an *UNK *UNK )NP , (VP known (PP as (NP a *UNK *UNK )NP )PP )VP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP Digital 's )NP push )NP (PP into (NP mainframes )NP )PP )NP (VP comes (PP at (NP (NP a time )NP (SBAR (WHADVP when )WHADVP (S (NP its *UNK *UNK line )NP (VP is (PP under (NP (NP growing pressure )NP (PP from (NP (NP smaller personal computers )NP and (NP (NP workstations )NP (SBAR (WHNP that )WHNP (S (VP operate (PP (PP on (NP standard operating systems )NP )PP (CONJP rather than )CONJP (PP on (NP (NP the *UNK systems )NP (SBAR (WHNP that )WHNP (S (NP older minicomputers )NP (VP use )VP )S )SBAR )NP )PP )PP )VP )S )SBAR )NP )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (SBAR Although (S (NP Digital )NP (VP has (VP *UNKED (PRT out )PRT (NP (NP a major presence )NP (PP in (NP the booming *UNK market )NP )PP )NP )VP )VP )S )SBAR , (NP (NP profit margins )NP (PP in (NP that market )NP )PP )NP (VP are (ADJP (ADJP much *UNK )ADJP (PP than (PP for (NP mainframes )NP )PP )PP )ADJP )VP . )S  STOP
(S (NP The *UNKING mainframe market )NP (ADVP also )ADVP (VP has (VP shown (NP (NP new signs )NP (PP of (NP life )NP )PP )NP (ADVP lately )ADVP )VP )VP . )S  STOP
(S (NP (NP IBM 's )NP mainframe sales )NP (VP have (VP held (PRT up )PRT (ADVP (ADVP better )ADVP (SBAR than (FRAG (VP expected )VP )FRAG )SBAR )ADVP (NP this year )NP , (PP with (S (NP analysts )NP (VP *UNKING (SBAR (S (NP they )NP (VP have (VP risen (NP (QP 10 % to 12 % )QP )NP )VP )VP )S )SBAR )VP )S )PP )VP )VP . )S  STOP
(SINV `` (S (NP (NP *UNKC )NP (PP for (NP these systems )NP )PP )NP (VP has (VP been (ADJP very , very strong )ADJP )VP )VP )S , '' (VP said )VP (NP (NP Bill *UNKC )NP , (NP a senior IBM marketing executive )NP )NP . )SINV  STOP
(S `` (NP We )NP (VP have (NP (NP a good strong backlog )NP (PP for (NP the fourth quarter )NP )PP )NP (PP (ADVP even )ADVP without '' (NP (NP the systems )NP (SBAR (WHNP that )WHNP (S (VP were (VP announced (NP yesterday )NP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S But (S (NP the *UNKN line )NP (VP is (ADJP (ADJP (NP (QP nearly five )QP years )NP old )ADJP -- (SBAR (WHNP which )WHNP (S (VP is (VP getting (ADVP up there )ADVP (PP in (NP mainframe years )NP )PP )VP )VP )S )SBAR -- )ADJP )VP )S and (S (NP its growth )NP (VP is (VP expected (S (VP to (VP slow (PP in (NP 1990 )NP )PP )VP )VP )S )VP )VP )S . )S  STOP
(S (NP (NP IBM )NP , (NP *UNKC , N.Y. )NP , )NP (VP said (SBAR (S (NP it )NP (VP wanted (S (VP to (VP bring (PRT out )PRT (NP the mainframes )NP (ADVP as soon (SBAR as (S (NP it )NP (VP could )VP )S )SBAR )ADVP (S (VP to (VP spark (NP (NP (ADJP as many )ADJP sales )NP (PP as (ADJP possible )ADJP )PP )NP (PP by (NP (NP the end )NP (PP of (NP the year )NP )PP )NP )PP )VP )VP )S )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The fourth quarter )NP (VP is (ADVP always )ADVP (NP (NP (NP IBM 's )NP biggest )NP (PP by (ADVP far )ADVP )PP )NP , (PP with (S (NP most sales )NP (VP coming (PP in (NP December )NP )PP (SBAR as (S (NP customers )NP (VP seek (S (VP to (VP use (NP budgets )NP (PP before (NP year end )NP )PP )VP )VP )S )VP )S )SBAR )VP )S )PP )VP . )S  STOP
(S (ADVP Still )ADVP , (NP (NP Steve Cohen )NP , (NP (NP an analyst )NP (PP at (NP *UNKC Financial Group Inc. )NP )PP )NP , )NP (VP said , `` (S (NP I )NP (VP do n't (VP see (SBAR that (S (NP this )NP (VP will (VP be (ADJP sufficient (S (VP to (VP give (NP IBM )NP (NP a significant *UNK )NP (PP in (NP the fourth quarter )NP )PP )VP )VP )S )ADJP )VP )VP )S )SBAR )VP )VP )S )VP . '' )S  STOP
(S (NP IBM )NP (VP has (ADVP already )ADVP (VP indicated (SBAR (S (NP it )NP (VP will (VP have (NP problems )NP (PP in (NP the quarter )NP )PP , (UCP (PP (ADVP partly )ADVP because of (NP (NP a delay )NP (PP in (S (VP shipping (NP a *UNK- disk drive )NP )VP )S )PP )NP )PP and (SBAR (ADVP partly )ADVP because (S (NP the strong dollar )NP (VP will (VP cut (ADVP significantly )ADVP (NP (NP the value )NP (PP of (NP (NP IBM 's )NP overseas earnings )NP )PP (SBAR (WHADVP when )WHADVP (S (VP translated (PP into (NP dollars )NP )PP )VP )S )SBAR )NP )VP )VP )S )SBAR )UCP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Some analysts )NP (VP have (VP estimated (SBAR (S (NP (NP IBM 's )NP fourth-quarter per-share earnings )NP (VP will (VP fall (NP 10 % )NP (PP to (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP (PP from (NP (NP $ *UNKN )NP (NP a share )NP )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP (NP addition )NP (PP to (NP the new mainframe hardware and software )NP )PP )NP )PP , (NP IBM )NP (VP announced (NP (NP a *UNK- system )NP (PP for (NP data storage )NP )PP (SBAR (WHNP that )WHNP (S (NP it )NP (VP said (SBAR (S (VP (VP *UNK (NP (NP (QP half as much )QP floor space )NP (PP as (NP older systems )NP )PP )NP )VP but (VP can (VP store (NP (QP five times as much )QP data )NP (PP on (NP a single *UNK )NP )PP )VP )VP )VP )S )SBAR )VP )S )SBAR )NP )VP . )S  STOP
(S (NP That )NP (VP should (VP help (S (NP IBM )NP (VP address (NP (NP the damage )NP (SBAR (WHNP that )WHNP (S (NP a *UNK *UNKC Technology Corp. )NP (VP has (VP *UNKED (PP in (NP that market )NP )PP )VP )VP )S )SBAR )NP )VP )S )VP )VP . )S  STOP
(S (NP *UNKC *UNKC Corp. )NP (VP completed (NP (NP the acquisition )NP (PP of (NP (NP Peter *UNKC *UNKC . H. )NP , (NP a (ADJP West German )ADJP *UNK products distributor )NP )NP )PP )NP )VP . )S  STOP
(S (NP Terms )NP (VP were n't (VP disclosed )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (NP a camera and *UNK products company )NP )VP . )S  STOP
(S (NP The Navy )NP (VP awarded (NP (NP *UNKC Industries Inc. 's )NP *UNKC *UNKING division )NP (NP (QP $ *UNKN million )QP )NP (PP for (NP (NP shipyard services )NP (PP on (NP the *UNKC *UNK program )NP )PP )NP )PP )VP . )S  STOP
(S (NP The award )NP (VP *UNK (NP a Navy option (S (VP to (VP extend (NP (NP a contract )NP (VP given (PP in (NP 1984 )NP )PP )VP )NP )VP )VP )S )NP )VP . )S  STOP
(S (S (NP The White House )NP (VP called (PP on (NP Congress )NP )PP (S (VP to (VP *UNK (NP the proposed capital-gains tax cut )NP (PP to (NP its final deficit-reduction bill )NP )PP )VP )VP )S )VP )S , but (S (NP lawmakers )NP (VP seem (ADJP likely (S (VP to (VP *UNK (PP at (NP the idea )NP )PP )VP )VP )S )ADJP )VP )S . )S  STOP
(S (NP Earlier this month )NP , (NP the White House )NP (VP endorsed (S (VP *UNKING (NP the controversial tax measure )NP (PP from (NP the bill )NP )PP )VP )S (SBAR so that (S (NP Congress )NP (VP could (VP pass (ADVP quickly )ADVP (NP (NP a `` clean '' bill )NP (VP containing (ADVP only )ADVP (NP (NP provisions )NP (VP (ADVP specifically )ADVP designed (S (VP to (VP meet (NP (NP federal budget targets )NP (PP under (NP the Gramm-Rudman act )NP )PP )NP )VP )VP )S )VP )NP )VP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S But (ADVP now (SBAR that (S (NP Congress )NP (VP has (VP missed (NP (NP the legal deadline )NP (PP for (S (VP meeting (NP the Gramm-Rudman targets )NP )VP )S )PP )NP )VP )VP )S )SBAR )ADVP , (NP the White House )NP (VP said (SBAR (S (NP it )NP (VP has (VP returned (PP to (NP its original view (SBAR that (S (NP a capital-gains cut )NP (VP should (VP be (NP (NP part )NP (PP of (NP (NP the deficit-reduction bill )NP , (SBAR (WHPP on (WHNP which )WHNP )WHPP (S (NP Congress )NP (VP continues (S (VP to (VP work )VP )VP )S )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (SBAR If (S (NP that )NP (VP does n't (VP happen )VP )VP )S )SBAR , then (NP we )NP (VP press (ADVP forward )ADVP (PP on (NP (NP another vehicle )NP and (NP a separate vote )NP )NP )PP )VP )S , '' (VP said )VP (NP press secretary *UNKC Fitzwater )NP . )SINV  STOP
(S (PP On (NP Capitol Hill )NP )PP , (ADVP though )ADVP , (NP there )NP (VP does n't (VP seem (S (VP to (VP be (NP sufficient sentiment (S (VP to (VP *UNK (NP (NP capital gains )NP and (NP the deficit-reduction bill )NP )NP )VP )VP )S )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Texas Rep. William *UNKC )NP , (NP (NP the ranking Republican )NP (PP on (NP the House *UNKC and Means Committee )NP )PP )NP )NP (VP said , `` (S (NP I )NP (VP do n't (VP see (SBAR (WHADVP how )WHADVP (S (NP we )NP (VP have (NP the votes '' (S (VP to (VP place (NP a capital-gains tax cut )NP (ADVP there )ADVP )VP )VP )S )NP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP President Bush )NP (VP stepped (PRT up )PRT (NP (NP his personal lobbying )NP (PP for (NP the capital-gains tax cut )NP )PP )NP )VP . )S  STOP
(S (NP The White House )NP (VP said (SBAR (S (NP he )NP (VP plans (S (VP to (VP hold (NP (NP a series )NP (PP of (NP (NP private White House meetings )NP , (PP (ADVP mostly )ADVP with (NP Senate Democrats )NP )PP , )NP )PP )NP (S (VP to (VP try (S (VP to (VP persuade (NP lawmakers )NP (S (VP to (VP fall (PP in (NP line )NP )PP (PP behind (NP the tax cut )NP )PP )VP )VP )S )VP )VP )S )VP )VP )S )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The first meeting )NP (NP yesterday )NP )NP (VP was (PP with (NP (NP 10 Senate Democrats )NP (SBAR (WHNP who )WHNP (S (VP have (VP expressed (NP (NP an interest )NP (PP in (S (VP cutting (NP the tax )NP )VP )S )PP )NP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP According (PP to (NP (NP some )NP (SBAR (WHNP who )WHNP (S (VP attended )VP )S )SBAR )NP )PP )PP , (NP the senators )NP (VP argued (SBAR that (S (NP the president )NP (VP should (VP give (NP (NP the Democratic leaders )NP (PP in (NP Congress )NP )PP )NP (NP (NP a victory )NP (PP of (NP their own )NP )PP )NP (S (VP to (VP compensate (NP them )NP (PP for (S (VP allowing (S (NP the president )NP (VP to (VP win (PP on (NP the controversial capital-gains issue )NP )PP )VP )VP )S )VP )S )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(SINV (NP (NP Issues )NP (VP discussed (PP in (NP this context )NP )PP )VP )NP (VP were )VP (NP (NP (NP an increase )NP (PP in (NP the minimum wage )NP )PP )NP and (NP (NP an increase )NP (PP in (NP *UNK- spending )NP )PP )NP )NP . )SINV  STOP
(S (NP The president )NP (VP was (VP said (S (VP to (VP have (VP been (ADJP *UNK )ADJP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP Toshiba Corp. )NP (VP said (SBAR (S (NP its new French marketing concern )NP (VP has (VP started (S (VP operating (PP under (NP (NP the *UNK )NP (PP of (NP (NP (NP the company 's )NP (ADJP West German )ADJP subsidiary )NP , (SBAR (WHNP which )WHNP (S (ADVP formerly )ADVP (VP handled (NP (NP all sales )NP (PP of (NP Toshiba electronic products )NP )PP (PP in (NP France )NP )PP )NP )VP )S )SBAR )NP )PP )NP )PP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A recent change )NP (PP in (NP French law )NP )PP )NP , (PP according (PP to (NP Toshiba )NP )PP )PP , (VP permitted (NP (NP formation )NP (PP of (NP the semiconductor marketing arm )NP )PP (PP in (NP Paris )NP )PP )NP )VP . )S  STOP
(S (NP American Telephone & Telegraph Co. )NP (VP unveiled (NP (NP new optical *UNK systems )NP (PP for (NP data , video and voice communications )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP Two products )NP (PP in (SBAR (WHNP what )WHNP (S (NP the telecommunications giant )NP (VP called (S (NP (NP a new generation )NP (PP of (NP such equipment )NP )PP )NP )S )VP )S )SBAR )PP )NP (VP are (ADJP available )ADJP (ADVP now )ADVP )VP )S (PRN , (S (NP AT&T )NP (VP said )VP )S , )PRN and (S (NP three others )NP (VP will (VP be (VP introduced (PP in (NP 1990 and 1991 )NP )PP )VP )VP )VP )S . )S  STOP
(SINV (S (NP The products )NP (VP are (VP aimed (PP at (NP (NP a market )NP (VP expected (S (VP to (VP total (NP (NP (QP more than $ 1 billion )QP )NP (NP a year )NP (PP in (NP sales )NP )PP )NP (PP by (NP 1995 )NP )PP )VP )VP )S )VP )NP )PP )VP )VP )S , (VP said )VP (NP (NP Morgan *UNKC Jr. )NP , (NP (NP vice president )NP (PP of (NP *UNK systems )NP )PP (PP for (NP AT&T )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP The products )NP (ADJP already available )ADJP )NP (VP are (NP (NP *UNK- systems )NP , (VP used (PP instead of (NP (NP *UNK )NP (PP of (NP *UNKING )NP )PP )NP )PP (S (VP to (VP *UNK (NP other telecommunications equipment )NP )VP )VP )S )VP )NP )VP . )S  STOP
(S (S (NP This )NP (VP cuts (PRT down )PRT (ADVP greatly )ADVP (PP on (NP labor )NP )PP )VP )S , (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(SINV (S (VP To (VP be (VP introduced (ADVP later )ADVP )VP )VP )VP )S (VP are )VP (NP (NP (NP a *UNK )NP , (SBAR (WHNP which )WHNP (S (VP will (VP allow (S (NP several signals )NP (VP to (VP travel (PP along (NP a single optical line )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP ; (NP (NP a *UNK- system )NP , (SBAR (WHNP which )WHNP (S (VP carries (NP voice channels )NP )VP )S )SBAR )NP ; and (NP (NP a network *UNK )NP , (SBAR (WHNP which )WHNP (S (VP directs (NP data flow )NP (PP through (NP *UNK- systems )NP )PP )VP )S )SBAR )NP )NP . )SINV  STOP
(S (NP AT&T )NP (VP said (SBAR (S (NP the products )NP , (PP unlike (NP previous generations )NP )PP , (VP will (VP meet (NP (NP so-called *UNKC *UNK standards )NP , (SBAR (WHNP which )WHNP (S (NP AT&T )NP (VP expects (S (VP to (VP be (VP (ADVP broadly )ADVP adopted )VP )VP )VP )S )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP *UNKC )NP , or (NP *UNK optical network )NP , )NP products )NP (VP have (NP (NP more capacity )NP (PP than (NP earlier models )NP )PP )NP )VP . )S  STOP
(S `` (S (NP These products )NP (VP are (NP (NP the heart )NP (PP of (NP our *UNK- line )NP )PP )NP )VP )S , '' (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (NP He )NP (VP (VP declined (S (VP to (VP disclose (NP specific prices )NP )VP )VP )S )VP , but (VP said (SBAR (S (NP each product )NP (VP costs (PP in (NP (NP (NP the *UNK )NP (PP of (NP thousands )NP )PP )NP , or even (NP (NP hundreds )NP (PP of (NP thousands )NP )PP )NP , (PP of (NP dollars )NP )PP )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP AT&T )NP (VP said (SBAR (S (NP it )NP (VP expects (S (VP to (VP beat (PP to (NP the marketplace )NP )PP (NP (NP two rivals )NP , (NP (NP (NP Northern *UNKC Ltd. )NP (PP of (NP Canada )NP )PP )NP and (NP (NP (NP France 's )NP *UNKC N.V. )NP , (SBAR (WHNP which )WHNP (S (ADVP also )ADVP (VP have (VP announced (NP *UNKED products )NP )VP )VP )S )SBAR )NP )NP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP AT&T )NP (VP predicted (NP (NP strong growth )NP (PP in (NP (NP demand )NP (PP for (NP such products )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP It )NP (VP noted (SBAR that (S (NP last July )NP , (NP (NP Nippon Telegraph & Telephone Corp. )NP (PP of (NP Japan )NP )PP )NP (VP selected (NP (NP AT&T )NP (SBAR (S (VP to (VP supply (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP such equipment )NP )PP )NP (PP over (NP (NP a four-year period )NP (VP starting (NP next year )NP )VP )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Law firms )NP (SBAR (WHNP that )WHNP (S (VP have (VP *UNKED and grown (PP on (NP (NP the revenue )NP (PP from (NP mergers and acquisitions work )NP )PP )NP )PP )VP )VP )S )SBAR )NP (VP are (VP feeling (NP the squeeze )NP (SBAR as (S (NP that work )NP (VP declines )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP The disarray )NP (PP in (NP the junk-bond market )NP )PP (SBAR (WHNP that )WHNP (S (VP began (NP last month )NP (PP with (NP (NP (NP a credit crunch )NP (PP at (NP Campeau Corp. )NP )PP )NP and (NP (NP the failure )NP (PP of (NP banks )NP )PP (S (VP to (VP deliver (NP (NP financing )NP (PP for (NP (NP a leveraged buy-out )NP (PP of (NP United Airlines parent UAL Corp. )NP )PP )NP )PP )NP )VP )VP )S )NP )NP )PP )VP )S )SBAR )NP (VP has (VP *UNKED (PP through (NP (NP some )NP (PP of (NP (NP the nation 's )NP largest law firms )NP )PP )NP )PP )VP )VP . )S  STOP
(S (SBAR While (S (NP it )NP (VP is (ADVP still )ADVP (ADJP too early (S (VP to (VP tell (SBAR whether (S (NP (NP the *UNK )NP (PP of (NP takeover activity )NP )PP )NP (VP is (ADJP only temporary )ADJP )VP )S )SBAR )VP )VP )S )ADJP )VP )S )SBAR , (NP many lawyers )NP (VP say (SBAR (S (NP their firms )NP (VP are (VP *UNKING (PP for (NP (NP lower revenue )NP (PP from (NP (NP merger work )NP , (SBAR (WHNP which )WHNP (S (VP has (VP been (ADJP so lucrative )ADJP (PP in (NP the past )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Much )NP (PP of (NP this work )NP )PP )NP (VP (VP was (VP done (PP for (NP (NP higher fees )NP (PP than (NP other legal work )NP )PP )NP )PP )VP )VP and (VP was not (ADVP generally )ADVP (VP *UNKED (PP by (NP the hour )NP )PP )VP )VP )VP . )S  STOP
(SINV (S (SBAR If (S (S (NP deals )NP (VP take (ADVP longer )ADVP (S (VP to (VP complete )VP )VP )S )VP )S and (S (NP there )NP (VP are (NP (NP fewer )NP (PP of (NP them )NP )PP (SBAR (S (VP to (VP do )VP )VP )S )SBAR )NP )VP )S )S )SBAR , `` (NP you )NP (VP ca n't (VP bill (NP (NP the same kind )NP (PP of (NP premium )NP )PP (PP as (SBAR (WHADVP when )WHADVP (S (NP deals )NP (VP took (NP a few weeks )NP (PP (PP from (NP start )NP )PP (PP to (NP finish )NP )PP )PP )VP )S )SBAR )PP )NP )VP )VP )S , '' (VP says )VP (NP (NP one lawyer )NP (PP at (NP a large New York firm )NP )PP )NP . )SINV  STOP
(SINV `` (S (S (NP We )NP (VP 're (VP planning (PP on (NP a *UNKING year )NP )PP (PP in (NP 1989 )NP )PP )VP )VP )S , but (S (NP next year )NP (NP we )NP (VP 'll (VP be (NP another story )NP )VP )VP )S )S , '' (VP said )VP (NP (NP Robert *UNKC )NP , (NP (NP a partner )NP (PP at (NP *UNKC *UNKC & Bartlett )NP )PP )NP )NP . )SINV  STOP
(S `` (NP We )NP (VP 're (VP settling (PRT down )PRT (PP to (NP a (ADJP less active )ADJP period )NP )PP )VP )VP . '' )S  STOP
(S (NP (NP Lawyers )NP (PP at (NP (NP such firms )NP (PP as (NP (NP Sullivan & *UNKC )NP ; (NP *UNKC *UNKC & *UNKC )NP ; (NP *UNKC , *UNKC , Rosen & Katz )NP ; and (NP *UNKED , Frank , Harris , *UNKC & Jacobson )NP )NP )PP )NP )PP )NP all (VP say (SBAR (S (NP they )NP , (ADVP too )ADVP , (VP have (VP experienced (NP a significant slowdown )NP , (PP (ADVP particularly )ADVP during (NP the past few weeks )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP Everyone )NP (VP is (VP waiting (S (VP to (VP see (SBAR (SBAR if (S (NP deals )NP (VP can (VP be (VP done (PP at (NP *UNK prices )NP )PP )VP )VP )VP )S )SBAR and (SBAR if (S (NP money )NP (VP is (ADJP available )ADJP )VP )S )SBAR )SBAR )VP )VP )S )VP )VP )S , '' (VP said )VP (NP (NP Jack *UNKC )NP , (NP (NP *UNK- )NP (PP of (NP *UNKC *UNKC )NP )PP )NP )NP . )SINV  STOP
(S `` (NP (NP It )NP )NP (VP 's (ADJP hard )ADJP (S (VP to (VP know (ADVP right now )ADVP (SBAR if (S (NP the change )NP (VP is (ADJP fundamental or cyclical )ADJP )VP )S )SBAR )VP )VP )S )VP . '' )S  STOP
(S (NP Some lawyers )NP (VP say (SBAR (S (NP the slump )NP , (SBAR while (S (ADJP more obvious )ADJP (PP in (NP recent weeks )NP )PP )S )SBAR , (VP began (NP earlier this year )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Dennis Block )NP , (NP (NP a partner )NP (PP at (NP (NP the New York firm )NP (PP of (NP *UNKC , *UNKC & *UNKC )NP )PP )NP )PP )NP , )NP (VP said (SBAR that (S (PP in (NP (NP the first eight months )NP (PP of (NP this year )NP )PP )NP )PP , (NP 89 hostile offers )NP (VP were (VP launched , (PP compared (PP with (NP (NP *UNKN )NP (PP for (NP (NP the first eight months )NP (X of )X )NP )PP )NP )PP )PP )VP )VP )S )SBAR )VP )S  STOP
(S (SBAR (WHNP What )WHNP (S (VP 's (ADJP more )ADJP )VP )S )SBAR (PRN , (S (NP he )NP (VP said )VP )S , `` )PRN (S (NP transactions )NP (VP are (VP taking (NP a (ADJP much longer )ADJP time )NP (S (VP to (VP conclude )VP )VP )S )VP )VP )S and (S (NP many )NP (VP fall (PRT apart )PRT (PP for (NP (NP (NP lack )NP (PP of (NP financing )NP )PP )NP '' and (NP (NP (ADJP more *UNK )ADJP scrutiny )NP (PP by (NP state courts )NP )PP )NP )NP )PP )VP )S . )S  STOP
(S (NP Lawyers )NP (ADVP also )ADVP (VP say (SBAR (S (NP (NP an *UNK stock market )NP and (NP uncertain financing conditions )NP )NP (VP have (ADVP sharply )ADVP (VP reduced (NP (NP the number )NP (PP of (NP lucrative big deals )NP )PP (ADJP likely (S (VP to (VP be (VP proposed )VP )VP )VP )S )ADJP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Still )ADVP , (NP some lawyers )NP (VP say (SBAR (S (NP the mergers slowdown )NP (VP has n't (VP affected (NP foreign buyers )NP (ADVP (ADVP as much )ADVP (PP as (NP domestic ones )NP )PP )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP We )NP (ADVP just )ADVP (VP took (NP another floor )NP (PP for (NP our London offices )NP )PP )VP )S , '' (VP said )VP (NP (NP Joseph *UNKC )NP (PP of (NP (NP the New York firm )NP (PP of (NP *UNKC , *UNKC , *UNKC , *UNKC & *UNKC )NP )PP )NP )PP )NP . )SINV  STOP
(S (NP Davis *UNKC & *UNKC )NP (ADVP also )ADVP (VP said (SBAR (S (NP its international clients )NP (VP are (VP keeping (S (NP mergers and acquisitions partners )NP (ADJP busy )ADJP )S )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP European companies )NP (VP are (VP looking (S (VP to (VP buy (NP American ones )NP )VP )VP )S )VP )VP )S , '' (VP said )VP (NP (NP Henry King )NP , (NP (NP the managing partner )NP (PP at (NP that firm )NP )PP )NP )NP . )SINV  STOP
(S `` But (NP the question )NP (VP is (SBAR whether (S (NP (NP things )NP (SBAR (S (NP people )NP (VP are (VP looking (PP at )PP )VP )VP )S )SBAR )NP (VP will (ADVP actually )ADVP (VP surface (PP in (NP live transactions )NP )PP (PP in (NP (NP light )NP (PP of (NP the current market conditions )NP )PP )NP )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP *UNKC *UNKC )NP (VP charged (PP in (NP *UNKC Securities Corp . *UNK- trial )NP )PP )VP . )S  STOP
(S (PP In (NP (NP the trial )NP (PP of (NP former *UNKC Securities Chairman *UNKC Laff )NP )PP )NP )PP , (NP the defense )NP (VP accused (NP (NP one )NP (PP of (NP (NP the government 's )NP chief witnesses )NP )PP )NP (PP of (S (VP threatening (S (VP to (VP kill (NP Mr. Laff )NP )VP )VP )S )VP )S )PP )VP . )S  STOP
(S (NP (NP (NP Mr. Laff 's )NP attorney )NP , (NP John Lang )NP , )NP (VP filed (NP (NP a *UNK )NP (VP asking (SBAR that (S (NP the trial record )NP (VP include (NP (NP a (ADJP *UNKLY taped )ADJP conversation )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP (NP the witness )NP , (NP Henry *UNKC )NP , )NP (VP told (NP a *UNKC *UNK )NP (SBAR that (S (NP Mr. Laff )NP (VP should (VP be (VP killed )VP )VP )VP )S )SBAR )VP )S )SBAR )NP )VP )S )SBAR )VP )NP )VP . )S  STOP
(S (NP The conversation )NP (VP was (VP taped (PP by (NP federal investigators )NP )PP (PP in (SBAR (WHNP what )WHNP (S (NP Mr. Lang )NP (VP said (S (VP was (NP an effort (S (VP to (VP get (S (NP Mr. Lorin )NP (VP to (VP *UNK (NP Mr. Laff )NP )VP )VP )S )VP )VP )S )NP )VP )S )VP )S )SBAR )PP )VP )VP . )S  STOP
(S (PP In (NP (NP his opening arguments )NP )NP )PP (NP last week )NP (PP in (NP (NP federal court )NP (PP in (NP New York )NP )PP )NP )PP , (NP Mr. Lang )NP (VP told (NP the jury )NP (SBAR (SBAR that (S (NP Mr. Lorin )NP (VP was (NP (NP the `` real master criminal '' )NP (PP behind (NP the stock manipulation )NP )PP )NP )VP )S )SBAR , and (SBAR that (S (NP Mr. Laff )NP (VP knew (NP nothing )NP (PP about (NP it )NP )PP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (PP In (NP March )NP )PP , (NP Mr. Laff )NP (VP was (VP indicted (PP on (NP (NP 15 counts )NP (PP of (NP (NP conspiracy )NP , (NP mail and securities fraud )NP , and (S (VP *UNKING (NP (NP an investigation )NP (PP by (NP the Securities and Exchange Commission )NP )PP )NP )VP )S )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The government )NP (VP has (VP charged (SBAR that (S (NP (NP Mr. Lorin )NP and (NP Mr. Laff )NP )NP (VP were (NP (NP part )NP (PP of (NP a conspiracy (S (VP to (VP maintain (NP (NP the prices )NP (PP of (NP certain stocks )NP )PP )NP (PP at (NP (ADJP *UNKLY high )ADJP prices )NP )PP )VP )VP )S )NP )PP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Mr. Lorin )NP , (NP a stock *UNK )NP , )NP (VP (VP pleaded (ADJP guilty )ADJP (PP to (NP the *UNK- charges )NP )PP (PP in (NP April )NP )PP )VP and (VP agreed (S (VP to (VP cooperate (PP with (NP (NP (NP the government 's )NP investigation )NP (PP of (NP Mr. Laff )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (PP During (NP (NP his cross examination )NP (PP of (NP Mr. Lorin )NP )PP )NP )PP , (NP Mr. Lang )NP (VP read (PP from (NP (NP the *UNK )NP (PP of (NP (NP a conversation )NP (SBAR (WHNP that )WHNP (S (VP was (VP taped (NP Oct. 20 , 1988 )NP )VP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Stanley *UNKC )NP , (NP (NP the *UNKC broker )NP (SBAR (WHNP who )WHNP (S (VP agreed (S (VP to (VP carry (NP a hidden *UNK )NP (PP during (NP the conversation )NP )PP )VP )VP )S )VP )S )SBAR )NP , )NP (ADVP also )ADVP (VP has (VP (VP pleaded (ADJP guilty )ADJP (PP to (NP conspiracy (S (VP to (VP *UNK (NP securities violations )NP (PP in (NP the stock manipulation )NP )PP )VP )VP )S )NP )PP )VP and (VP agreed (S (VP to (VP cooperate )VP )VP )S )VP )VP )VP . )S  STOP
(S (PP According (PP to (NP the *UNK )NP )PP )PP , (NP Mr. Lorin )NP (VP said (SBAR (S (NP Mr. Laff )NP (VP should (VP be (VP killed )VP )VP )VP )S )SBAR (SBAR after (S (NP Mr. *UNKC )NP (VP told (NP him )NP (SBAR that (S (NP (NP information )NP (VP given (PP to (NP Mr. Laff )NP )PP (PP by (NP another *UNK )NP )PP )VP )NP (VP could (VP *UNK (NP the stock scheme )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (S (NP Mr. Lorin )NP (ADVP then )ADVP (VP repeated (NP the threat )NP )VP )S , and (S (NP Mr. *UNKC )NP (VP urged (NP him )NP (S not (VP to (VP say (NP such things )NP )VP )VP )S )VP )S . )S  STOP
(S (PP From (NP (NP the parts )NP (PP of (NP the *UNK )NP )PP (VP read (PP by (NP Mr. Lang )NP )PP )VP )NP )PP , (NP (NP it )NP )NP (VP was (ADJP unclear )ADJP (SBAR (WHNP (WHNP what )WHNP (ADVP exactly )ADVP )WHNP (S (NP Mr. Lorin )NP (VP feared (SBAR (S (VP might (VP happen )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (VP asked (PP for (NP (NP a copy )NP (PP of (NP the *UNK )NP )PP )NP )PP )VP )S )SBAR , (NP Mr. Lang )NP (VP said (SBAR (S (NP Judge Thomas P. *UNKC )NP (VP had (VP *UNKED (NP him )NP (S not (VP to (VP release (NP (NP it )NP or (NP the *UNK )NP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP During (NP the trial )NP )PP , (NP Mr. Lang )NP (VP asked (NP Mr. Lorin )NP (SBAR whether (S (NP he )NP (VP had (VP been (ADJP so upset `` (SBAR that (S (NP you )NP (VP considered (S (VP killing (NP Mr. Laff )NP )VP )S )VP )S )SBAR )ADJP )VP )VP )S ? )SBAR )VP ... )S  STOP
(SQ Is n't (NP (NP it )NP )NP (ADJP true )ADJP (SBAR that (S (NP you )NP (VP were (ADJP so worked (PRT up )PRT (SBAR that (S (S (VP *UNKING (NP Mr. Laff )NP (PP for (NP this crime )NP )PP )VP )S (VP was (NP (NP the least )NP (SBAR (WHNP that )WHNP (S (NP you )NP (VP planned (PP for (NP him )NP )PP )VP )S )SBAR )NP )VP )S )SBAR )ADJP )VP )S )SBAR ? '' )SQ  STOP
(S (NP Mr. Lorin )NP (VP responded , `` (INTJ No )INTJ )VP . '' )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP Mr. Lang )NP (VP asked (NP Mr. Lorin )NP (SBAR whether (S (NP he )NP (VP had (VP taken (NP (NP steps )NP (SBAR (S (VP to (VP have (S (NP Mr. Laff )NP (VP killed )VP )S )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )S )SBAR , (NP the witness )NP (ADVP again )ADVP (VP said (INTJ no )INTJ )VP . )S  STOP
(S (NP (NP Peter *UNKC )NP , (NP (NP the assistant U.S. attorney )NP (VP *UNKING (NP the case )NP )VP )NP , )NP (VP declined (S (VP to (VP comment (PP on (NP the trial )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC )NP (SBAR (WHNP *UNKC )WHNP (S (VP *UNKC (NP (NP settlement payments )NP (PP to (NP *UNKC *UNKC *UNK )NP )PP )NP )VP )S )SBAR )NP (VP *UNK )VP . )S  STOP
(S (NP (NP Stephen A. *UNKC )NP , (NP (NP one )NP (PP of (NP (NP five *UNK )NP (VP appointed (S (VP to (VP monitor (NP (NP payments )NP (PP to (NP (NP women )NP (VP injured (PP by (NP the *UNKC *UNKC *UNK *UNK )NP )PP )VP )NP )PP )NP )VP )VP )S )VP )NP )PP )NP , )NP (VP resigned , (S (VP citing (NP personal reasons )NP )VP )S )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP (VP *UNK (NP evidence )NP (PP at (NP (NP the (NAC University (PP of (NP Virginia )NP )PP )NAC School )NP (PP of (NP Law )NP )PP )NP )PP )VP and (VP was (NP (NP a deputy assistant attorney general )NP (PP in (NP the U.S. Justice Department )NP )PP )NP (PP until (NP August )NP )PP )VP )VP )S )SBAR , )NP (VP submitted (NP his resignation )NP (NP earlier this month )NP (PP to (NP (NP federal Judge Robert R. *UNKC Jr. )NP , (PP in (NP Richmond , Va )NP )PP )NP )PP )VP . )S  STOP
(S (NP Judge *UNKC )NP (VP is (VP *UNKING (NP (NP the bankruptcy-law reorganization )NP (PP of (NP (NP *UNKC *UNKC Co. )NP , (NP (NP the company )NP (SBAR (WHNP that )WHNP (S (VP manufactured (NP the shield )NP )VP )S )SBAR )NP )NP )PP )NP )VP )VP . )S  STOP
(S (PP In (NP (NP a letter )NP (NP Monday )NP (PP to (NP Mr. *UNKC )NP )PP )NP )PP , (NP the judge )NP (VP said (SBAR (S (NP he )NP (VP would `` (ADVP *UNKLY )ADVP '' (VP accept (NP the resignation )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The (ADJP (QP $ *UNKN billion )QP )ADJP *UNKC *UNKC *UNKC Trust )NP (VP was (VP established (PP as (NP (NP part )NP (PP of (NP (NP *UNKC *UNKC ' )NP *UNK- plan )NP )PP )NP )PP (S (VP to (VP resolve (NP (NP *UNK claims )NP (VP *UNKING (PP from (NP (NP use )NP (PP of (NP the shield )NP )PP )NP )PP )VP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP American Home Products Corp. )NP (VP proposes (S (VP to (VP acquire (NP the company )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP The remaining four *UNK )NP (PP on (NP the *UNKC Trust )NP )PP )NP (VP have (NP (NP 60 days )NP (SBAR (S (VP to (VP *UNK (NP (NP a successor )NP (PP to (NP Mr. *UNKC )NP )PP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Judge *UNKC )NP (VP will (VP make (NP the appointment )NP )VP )VP . )S  STOP
(S (NP *UNKC *UNKC *UNKC )NP (VP *UNK (NP American Express Co. vice president )NP )VP : )S  STOP
(S (NP *UNKC *UNKC Harris & *UNKC )NP (VP brought (PRT in )PRT (NP Howard A. *UNKC )NP (PP as (NP (NP a partner )NP (PP in (NP (NP its Washington , D.C. , office )NP , (SBAR (WHNP which )WHNP (S (VP opened (NP Oct. 1 )NP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (PP For (NP the past six years )NP )PP , (NP (NP Mr. *UNKC )NP , (ADJP (NP 43 years )NP old )ADJP , )NP (VP served (PP as (NP (NP vice president )NP (PP for (NP government affairs )NP )PP (PP at (NP American Express )NP )PP )NP )PP )VP . )S  STOP
(S (NP He )NP (ADVP previously )ADVP (VP was (NP (NP staff director and counsel )NP (PP for (NP (NP the Senate committee )NP (PP on (NP (NP banking )NP , (NP housing )NP and (NP urban affairs )NP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP The other lawyer )NP (PP in (NP the office )NP )PP )NP (VP is (NP (NP partner Robert A. *UNKC )NP , (NP (NP the firm 's )NP legislative director )NP )NP )VP . )S  STOP
(S (NP (NP THE *UNKC law firm )NP (PP of (NP *UNKC , *UNKC , *UNKC & Ingersoll )NP )PP )NP (VP said (SBAR (S (NP three partners )NP (VP have (VP joined (NP its business and finance department )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP John *UNKC )NP , (NP 48 )NP , (NP (NP a former *UNK- )NP (PP in (NP (NP charge )NP (PP of (NP legal compliance )NP )PP )NP )PP (PP at (NP (NP American Capital Management & Research Inc. )NP , (PP in (NP Houston )NP )PP )NP )PP )NP , )NP (VP will (VP join (NP (NP *UNKC *UNKC 's )NP *UNK- practice )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC Walker )NP , (NP 45 )NP , (NP (NP a former partner )NP (PP at (NP (NP the Philadelphia law firm )NP (PP of (NP *UNKC , *UNKC , *UNKC , *UNKC & *UNKC )NP )PP )NP )PP )NP , )NP (VP will (VP *UNK (PP in (NP (NP antitrust )NP , (NP real estate )NP and (NP mergers and acquisitions )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Richard L. *UNKC )NP , (NP 42 )NP , )NP (VP will (VP advise (NP *UNKED businesses )NP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (NP (NP former deputy general counsel )NP (PP for (NP (NP (NP *UNKC *UNKC Corp. )NP , (PP in (NP Philadelphia )NP )PP , )NP (RRC (ADVP now )ADVP (NP (NP *UNKC *UNKC PLC )NP , (PP in (NP London )NP )PP )NP )RRC )NP )PP )NP )VP . )S  STOP
(S (NP (NP Delmed Inc. 's )NP top two officers )NP (VP (VP resigned )VP and (VP were (VP succeeded (PP by (NP (NP executives )NP (PP of (NP (NP Fresenius USA Inc. )NP and (NP (NP its parent )NP , (NP Fresenius AG )NP , (NP (NP a major Delmed holder )NP (SBAR (WHNP that )WHNP (S (VP has (VP been (VP negotiating (S (VP to (VP acquire (NP a controlling stake )NP )VP )VP )S )VP )VP )VP )S )SBAR )NP )NP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP (NP Delmed )NP , (SBAR (WHNP which )WHNP (S (VP makes and sells (NP (NP a *UNK solution )NP (VP used (PP in (S (VP *UNKING (NP kidney diseases )NP )VP )S )PP )VP )NP )VP )S )SBAR , )NP (VP said (SBAR (S (NP (NP negotiations )NP (PP about (NP pricing )NP )PP )NP (VP had (VP collapsed (PP between (NP (NP it )NP and (NP (NP a major distributor )NP , (NP National Medical Care Inc )NP )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Delmed )NP (VP said (SBAR (S (NP Robert S. *UNKC )NP (VP resigned (PP as (NP (NP chairman )NP , (NP president )NP and (NP chief executive )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP will (VP continue (PP as (NP (NP a director )NP and (NP a consultant )NP )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP *UNKC I. *UNKC )NP , (NP (NP chief operating officer )NP and (NP chief financial officer )NP )NP , )NP (ADVP also )ADVP (VP resigned )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP was (VP succeeded (PP as (NP chairman )NP )PP (PP by (NP (NP *UNKC *UNKC )NP , (NP (NP a director )NP (PP of (NP (NP Fresenius )NP , (NP a (ADJP West German )ADJP pharmaceutical concern )NP )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP president )NP (PP of (NP Fresenius USA )NP )PP )NP , )NP (VP was (VP named (S (NP (NP president )NP , (NP chief executive )NP and (NP chief operating officer )NP )NP )S )VP )VP . )S  STOP
(S (NP (NP None )NP (PP of (NP the officials )NP )PP )NP (VP was (ADJP available (PP for (NP comment )NP )PP )ADJP )VP . )S  STOP
(S (PP In (NP (NP trading )NP (PP on (NP the American Stock Exchange )NP )PP )NP )PP , (NP Delmed )NP (VP closed (PP at (NP 50 cents )NP )PP , (ADVP down (NP 6.25 cents )NP )ADVP )VP . )S  STOP
(S (NP Fresenius )NP (VP owns (NP (NP (QP about 42 )QP % )NP (PP of (NP (NP Delmed 's )NP (ADJP fully diluted )ADJP common stock )NP )PP )NP )VP . )S  STOP
(S (NP The two companies )NP (VP have (VP been (VP discussing (NP (NP a transaction )NP (SBAR (WHPP under (WHNP which )WHNP )WHPP (S (NP Fresenius )NP (VP would (VP buy (NP Delmed stock )NP (PP for (NP cash )NP )PP (S (VP to (VP bring (NP its beneficial ownership )NP (PP to (NP (NP (QP between 70 % and 80 % )QP )NP (PP of (NP (NP Delmed 's )NP (ADJP fully diluted )ADJP common stock )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP )VP . )S  STOP
(S (NP The transaction )NP (ADVP also )ADVP (VP would (VP combine (NP (NP Fresenius USA )NP and (NP Delmed )NP )NP )VP )VP . )S  STOP
(S (PP Under (NP the proposal )NP )PP , (NP Delmed )NP (VP would (VP issue (NP (QP about *UNKN million )QP additional Delmed common shares )NP (PP to (NP Fresenius )NP )PP (PP at (NP (NP an average price )NP (PP of (NP (NP (NP (QP about 65 )QP cents )NP (NP a share )NP )NP , (SBAR though (FRAG (PP under (NP no circumstances )NP )PP (NP (NP (QP more than 75 )QP cents )NP (NP a share )NP )NP )FRAG )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Yesterday )NP , (NP Delmed )NP (VP said (SBAR (S (NP it )NP `` (VP continues (S (VP to (VP explore (NP (NP the possibility )NP (PP of (NP (NP a combination )NP (PP with (NP Fresenius USA )NP )PP )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . '' )S  STOP
(S (NP It )NP (VP added (SBAR that (S (NP (NP it )NP )NP (VP is (ADJP apparent )ADJP (SBAR that (S (NP (NP any terms )NP (PP of (NP a combination )NP )PP )NP `` (VP would (VP be (ADJP (ADJP substantially less favorable )ADJP (PP than (NP (NP those )NP (VP (ADVP previously )ADVP announced )VP )NP )PP )ADJP )VP )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (S (SBAR While (S (NP (NP the discussions )NP (PP between (NP (NP Delmed )NP and (NP National Medical Care )NP )NP )PP )NP (VP have (VP been (VP discontinued )VP )VP )VP )S )SBAR , (NP Delmed )NP (VP will (VP continue (S (VP to (VP supply (NP *UNK products )NP (PP through (NP National Medical )NP )PP )VP )VP )S (SBAR after (S (NP their exclusive agreement )NP (VP ends (PP in (NP March 1990 )NP )PP )VP )S )SBAR )VP )VP )S , (NP Delmed )NP (VP said )VP . )S  STOP
(S (S (PP In (NP addition )NP )PP , (NP Delmed )NP (VP is (VP exploring (NP distribution arrangements )NP (PP with (NP Fresenius USA )NP )PP )VP )VP )S , (NP Delmed )NP (VP said )VP . )S  STOP
(S (NP (NP Philip L. Hall )NP , (NP (NP president )NP (PP of (NP (NP J. Lawrence Hall Co. )NP , (NP Nashua )NP )NP )PP )NP , )NP (VP was (VP named (S (NP (NP a director )NP (PP of (NP this thrift holding company )NP )PP )NP )S , (S (VP filling (NP a vacancy )NP )VP )S )VP )VP . )S  STOP
(S (NP *UNKC Inc. )NP (VP said (SBAR (S (NP it )NP (VP intends (S (VP to (VP acquire (NP *UNKC America Inc. )NP (PP for (NP (NP (QP $ 44 million )QP )NP plus (NP (NP a consideration )NP (PP of (NP (NP as much )NP (PP as (NP (NP an additional (QP $ 12 million )QP )NP , (ADJP payable (PP over (NP five years )NP )PP )ADJP )NP )PP )NP )PP )NP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP is (NP a (ADJP *UNK- and *UNK- )ADJP company )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (SBAR (WHNP whose principal offices )WHNP (S (VP are (PP in (NP Detroit )NP )PP )VP )S )SBAR , )NP (VP is (NP (NP a *UNK- *UNK )NP (PP of (NP industrial tools and supplies )NP )PP )NP )VP . )S  STOP
(S (NP The acquisition )NP (VP is (ADJP subject (PP to (NP (NP approval )NP (PP by (NP (NP *UNKC 's )NP board )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (NP Genentech Inc. )NP (VP said (SBAR (S (NP third-quarter profit )NP (VP (ADVP more than )ADVP doubled (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 13 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP a depressed 1988 third-quarter performance )NP (PP of (NP (NP (QP $ 5.3 million )QP )NP , or (NP (NP six cents )NP (NP a share )NP )NP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP 23 % )NP (PP to (NP (QP $ 100 million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP Net product sales )NP (VP accounted (PP for (NP (QP $ 76 million )QP )NP )PP , (ADVP up (PP from (NP (QP $ *UNKN million )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )VP . )S  STOP
(S (NP (NP Sales )NP (PP of (NP the heart drug *UNKC )NP )PP )NP (VP were (NP (NP (QP $ *UNKN million )QP )NP , (ADJP better (PP than (NP (NP (NP last year 's )NP depressed third period )NP (SBAR (WHADVP when )WHADVP (S (NP the company )NP (VP sold (NP (NP (QP just $ *UNKN million )QP )NP (PP of (NP the drug )NP )PP )NP )VP )S )SBAR )NP )PP )ADJP )NP )VP . )S  STOP
(S But (NP *UNKC sales )NP (VP fell (PP below (NP (NP levels )NP (PP for (NP (NP (NP this year 's )NP (ADJP first and second )ADJP quarter sales )NP (PP of (NP (QP $ 48 million )QP )NP )PP )NP )PP )NP )PP , (S (VP *UNKING (NP investors )NP )VP )S )VP . )S  STOP
(S (NP Genentech stock )NP (VP fell (NP 12.5 cents )NP (PP in (NP (NP trading )NP (NP yesterday )NP (PP on (NP the New York Stock Exchange )NP )PP )NP )PP (PP to (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (PP In (NP the nine months )NP )PP , (NP net income )NP (VP slid (NP 21 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 33 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ 36 million )QP )NP , or (NP (NP 42 cents )NP (NP a share )NP )NP )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP climbed (NP 18 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP continue (S (VP to (VP be (PP on (NP target )NP )PP (PP for ... (S (VP increasing (NP *UNKC sales )NP (NP (NP 20 % )NP (PP to (NP 25 % )NP )PP )NP )VP (NP this year )NP )S )PP )VP )VP )S )VP )S , '' (VP said )VP (NP founder and Chief Executive *UNKC Robert *UNKC )NP . )SINV  STOP
(S But (NP some analysts )NP (VP remain (ADJP sour (PP on (NP the company )NP )PP )ADJP )VP . )S  STOP
(S `` (NP *UNKC sales )NP (VP are (ADVP down )ADVP (NP (NP quarter )NP (PP to (NP quarter )NP )PP )NP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP are (ADJP flat )ADJP )VP )S and (S (NP that )NP (VP 's (NP a good sign )NP )VP )S . )S  STOP
(S (NP There )NP (VP 's (NP (NP contract revenue )NP (PP from (NP -LCB- limited research and development -RCB- partnerships )NP )PP )NP )VP . )S  STOP
(SINV (S But (NP I )NP (ADVP still )ADVP (VP think (SBAR (S (NP the fundamentals )NP (VP are (ADJP poor )ADJP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP an analyst )NP (PP with (NP (NP *UNKC Securities )NP (PP in (NP San Francisco )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP Genentech )NP (VP faces (NP (NP competition )NP (PP in (NP the *UNK- market )NP )PP (PP from (NP (NP (NP *UNKC *UNKC PLC 's )NP heart drug *UNKC )NP , (VP expected (S (VP to (VP receive (NP market approval )NP (ADVP shortly )ADVP )VP )VP )S )VP )NP )PP )NP )VP . )S  STOP
(S (S And (NP Genentech )NP (VP is n't (ADJP likely (S (VP to (VP have (S (NP any new products )NP (ADJP ready (PP for (NP market )NP )PP )ADJP )S (PP until (NP (ADVP at least )ADVP 1992 )NP )PP )VP )VP )S )ADJP )VP )S , (NP Ms. *UNKC )NP (VP added )VP . )S  STOP
(S `` (S (S (NP (NP The company 's )NP stock )NP (VP is (VP trading (PP at (NP (QP 40 times )QP (NP next year 's )NP numbers )NP )PP )VP )VP )S , and (S (NP that )NP (VP 's (ADJP too much )ADJP )VP )S )S , '' (NP she )NP (VP said )VP . )S  STOP
(S (S (PP On (NP the plus side )NP )PP , (NP Genentech )NP (VP is (VP *UNKING (PP from (NP (NP (NP a lower tax rate )NP (PP due to (NP its research outlays )NP )PP )NP , (VP giving (NP a boost )NP (PP to (NP earnings )NP )PP )VP )NP )PP )VP )VP )S , (NP she )NP (VP said )VP . )S  STOP
(S (NP (NP (NP THE *UNKC *UNKC *UNKC 'S )NP 1988 costs )NP (PP of (NP (NP fund raising )NP and (NP administration )NP )NP )PP )NP (VP were (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP *UNKN % )NP (PP of (NP its revenue )NP )PP )NP )NP )VP . )S  STOP
(S (NP (NP A chart )NP (PP in (NP (NP (NP last Friday 's )NP special report )NP (PP on (NP personal finance )NP )PP )NP )PP )NP (VP contained (NP (NP an *UNK figure )NP (VP *UNKED (PP by (NP (NP *UNKC Times )NP , (NP (NP a monthly newspaper )NP (VP covering (NP charities )NP )VP )NP )NP )PP )VP )NP )VP . )S  STOP
(S (NP *UNKC System Inc. )NP (VP posted (NP (NP a third-quarter net loss )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP , (PP because of (NP (NP an expected (ADJP (QP $ 57 million )QP )ADJP after-tax charge )NP and (NP (NP continued weakness )NP (PP in (NP (NP the company 's )NP *UNK- business )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP (NP The loss )NP , (SBAR (WHNP which )WHNP (S (VP is (NP (NP 38 cents )NP (NP a share )NP )NP )VP )S )SBAR , )NP (VP (VP is (NP (NP (NP the transportation services concern 's )NP first quarterly setback )NP (PP in (NP (NP more )NP (PP than (NP a decade )NP )PP )NP )PP )NP )VP and (VP compares (PP with (NP (NP net income )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 68 cents )NP (NP a share )NP )NP , )NP )PP (PP in (NP the year-ago period )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The previous year 's )NP third quarter )NP (VP included (NP (NP gains )NP (PP on (NP (NP the sale )NP (PP of (NP aircraft )NP )PP (PP by (NP (NP the company 's )NP Aviation *UNKING & Services Division )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Revenue )NP (VP was (ADJP flat )ADJP (PP at (NP (QP $ 1.3 billion )QP )NP )PP )VP . )S  STOP
(S (NP (NP (NP The latest quarter 's )NP after-tax charge )NP -- (SBAR (WHNP which )WHNP (S (VP is (NP (NP 75 cents )NP (NP a share )NP )NP )VP )S )SBAR -- )NP (VP was (ADJP related (PP to (NP (NP (NP adjustments )NP (PP to (NP reserves )NP )PP (PP for (NP (NP workers ' )NP compensation claims )NP )PP )NP ; (NP (NP reductions )NP (PP in (NP (NP vehicle *UNK )NP , (NP staff )NP and (NP facilities )NP )NP )PP )NP ; and (NP (NP *UNK )NP (PP of (NP assets )NP )PP )NP )NP )PP )ADJP )VP . )S  STOP
(S (SBAR Although (S (NP Ryder )NP (VP did n't (VP break (PRT out )PRT (NP the charge )NP )VP )VP )S )SBAR , (NP analysts )NP (VP estimated (SBAR that (S (NP (NP the majority )NP (PP of (NP the (QP $ 57 million )QP )NP )PP )NP (VP was (VP linked (PP to (NP (NP (NP workers ' )NP compensation reserves )NP and (NP (NP anticipated losses )NP (PP on (NP (NP the *UNK )NP (PP of (NP trucks )NP )PP )NP )PP )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Many analysts )NP (VP said (SBAR (S (NP they )NP (VP were n't (ADJP surprised (SBAR that (S (NP (NP problems )NP (PP in (NP (NP many )NP (PP of (NP (NP (NP Ryder 's )NP lines )NP (PP of (NP business )NP )PP )NP )PP )NP )PP )NP (VP continued (S (VP to (VP *UNK (NP the company )NP )VP )VP )S )VP )S )SBAR )ADJP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP It )NP (ADVP pretty much )ADVP (VP *UNK (SBAR (WHNP what )WHNP (S (NP we )NP (VP had (VP been (VP expecting )VP )VP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP Anthony *UNKC )NP , (NP (NP an analyst )NP (PP at (NP PaineWebber Inc )NP )PP )NP )NP . )SINV  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP (NP yesterday )NP , (NP Ryder )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP down (NP 37.5 cents )NP )ADVP )VP . )S  STOP
(S (NP (NP M. Anthony *UNKC )NP , (NP (NP Ryder 's )NP (NX (NX chairman )NX and (NX chief executive officer )NX )NX )NP , )NP (VP said : `` (S (NP We )NP (VP 're (ADVP constantly )ADVP (VP trying (S (VP to (VP find (NP (NP ways )NP (SBAR (S (VP to (VP regain (NP the earnings momentum )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S But (NP we )NP (VP 're (ADVP still )ADVP (PP at (NP (NP the beginning stages )NP (PP of (NP (NP some )NP (PP of (NP these changes )NP )PP )NP )PP )NP )PP )VP . '' )S  STOP
(S (NP He )NP (VP (VP said (SBAR (S (NP the fourth quarter )NP (VP will (VP be `` (ADJP challenging )ADJP )VP )VP )S )SBAR )VP , '' and (VP maintained (NP his conservative forecast (SBAR that (S (NP 1990 )NP `` (VP wo n't (VP be (NP a *UNK *UNK )NP )VP )VP )S )SBAR )NP )VP )VP . '' )S  STOP
(S (PP In (NP the nine months )NP )PP , (NP net income )NP (VP fell (NP 79 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 33 cents )NP (NP a share )NP )NP )NP )PP , (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP . )S  STOP
(S (NP Revenue )NP (VP rose (ADVP slightly )ADVP (PP to (NP (QP $ 3.8 billion )QP )NP )PP (PP from (NP (QP $ 3.7 billion )QP )NP )PP )VP . )S  STOP
(S (NP (NP Robert L. *UNKC )NP , (NP *UNK- chief financial officer )NP , )NP (VP was (VP named (S (NP (NP (NP chairman )NP and (NP chief executive officer )NP )NP (PP of (NP this independent power producer )NP )PP )NP )S , (S (VP succeeding (NP (NP Raymond L. *UNKC )NP , (NP 63 )NP )NP )VP )S )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP resigned (PP effective (NP Jan. 1 )NP )PP (PP for (NP health reasons )NP )PP )VP )S )SBAR , )NP (VP remains (NP a director )NP )VP . )S  STOP
(S (NP Advanced Medical Technologies Inc. )NP (VP said (SBAR (S (NP it )NP (VP purchased (NP (NP 93 % )NP (PP of (NP (NP a unit )NP (PP of (NP *UNKC Group Inc )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Advanced Medical )NP (VP paid (NP (NP (QP $ 106 million )QP )NP (PP in (NP cash )NP )PP )NP (PP for (NP (NP its share )NP (PP in (NP (NP a unit )NP (PP of (NP (NP *UNKC 's )NP Fisher *UNKC subsidiary )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP The unit )NP (VP (VP makes (NP (NP *UNK *UNK )NP (VP used (PP by (NP hospitals )NP )PP )VP )NP )VP and (VP had (NP (NP (QP more than $ 110 million )QP )NP (PP in (NP sales )NP )PP )NP (NP last year )NP )VP , (PP according (PP to (NP Advanced Medical )NP )PP )PP )VP . )S  STOP
(S (NP *UNKC Health *UNKC Inc. )NP , (S (VP operating (PP under (NP Chapter 11 *UNK- protection )NP )PP )VP )S , (VP *UNKED (NP (NP terms )NP (PP of (NP (NP its reorganization plan )NP (SBAR (WHNP that )WHNP (S (VP calls (SBAR for (S (NP creditors and shareholders )NP (VP to (VP receive (NP (NP (NP (QP at least $ *UNKN million )QP )NP (PP in (NP cash )NP )PP )NP and (NP (NP (ADJP (QP $ 67 million )QP )ADJP face amount )NP (PP of (NP 10-year , (ADJP 13.5 % )ADJP notes )NP )PP )NP )NP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP The plan )NP , (S (VP *UNKED (PP in (NP (NP a filing )NP (PP with (NP the Securities and Exchange Commission )NP )PP )NP )PP )VP )S , (ADVP also )ADVP (VP calls (SBAR for (S (NP creditors and shareholders )NP (VP to (VP receive (NP (NP common stock and warrants )NP (PP in (NP the new company )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNK- concern )NP (VP said (SBAR (S (NP it )NP (VP (VP reached (NP (NP the agreement )NP (PP with (NP (NP its *UNKED creditors ' )NP committees )NP )PP )NP (NP Sept. 28 )NP )VP , and (VP intends (S (VP to (VP submit (NP the plan )NP (PP to (NP the bankruptcy court )NP )PP (PP in (NP November )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP filed (PP for (NP bankruptcy protection )NP )PP (NP March 16 )NP )VP )S )SBAR , )NP (VP has (NP (NP total debt )NP (PP of (NP (QP $ 750 million )QP )NP )PP )NP )VP . )S  STOP
(S (S (NP The company )NP (VP has (ADVP promptly )ADVP (VP paid (NP all its expenses and obligations )NP (PP since (NP March 16 )NP )PP )VP )VP )S , (NP a *UNKC spokesman )NP (VP said )VP . )S  STOP
(S (NP (NP General unsecured creditors )NP (PP of (NP (NP *UNKC 's )NP continuing operations )NP )PP )NP (ADVP initially )ADVP (VP will (VP receive (NP (NP (NP (QP $ 47 million )QP )NP (PP in (NP cash )NP )PP )NP , (NP (NP (QP $ 35 million )QP face amount )NP (PP of (NP senior notes )NP )PP )NP , and (NP (NP 49 % )NP (PP of (NP (NP the new company 's )NP stock )NP )PP )NP )NP )VP )VP . )S  STOP
(S (NP (NP Those creditors )NP , (SBAR (WHNP whose claims )WHNP (S (VP are (VP estimated (PP at (NP (QP about $ 200 million )QP )NP )PP )VP )VP )S )SBAR , )NP (VP include (NP doctors and hospitals )NP )VP . )S  STOP
(S (NP (NP General unsecured creditors )NP (PP of (NP (NP Maxicare 's )NP discontinued operations )NP )PP , (SBAR (WHNP whose claims )WHNP (S (VP total (NP (QP $ 110 million )QP )NP )VP )S )SBAR , )NP (ADVP initially )ADVP (VP will (VP receive (NP (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP cash )NP )PP )NP and (NP (NP (QP $ 10 million )QP )NP (PP in (NP senior notes )NP )PP )NP )NP )VP )VP . )S  STOP
(S (NP (NP Maxicare 's )NP public shareholders )NP (VP will (VP receive (NP (NP (NP 2 % )NP (PP of (NP (NP the new company 's )NP stock )NP )PP )NP and (NP (NP warrants )NP (VP *UNKING (S (NP them )NP (VP to (VP acquire (NP (NP as much )NP (PP as (NP (NP an additional 5 % )NP (PP of (NP the stock )NP )PP )NP )PP )NP (PP on (NP a *UNKED basis )NP )PP )VP )VP )S )VP )NP )NP )VP )VP . )S  STOP
(S (NP (NP General unsecured creditors )NP (PP of (NP the parent holding company )NP )PP )NP (ADVP initially )ADVP (VP will (VP receive (NP (NP (NP (QP $ 14 million )QP )NP (PP in (NP cash )NP )PP )NP , (NP (NP (QP $ 22 million )QP face amount )NP (PP of (NP senior notes )NP )PP )NP and (NP (NP 49 % )NP (PP of (NP (NP the new company 's )NP stock )NP )PP )NP )NP )VP )VP . )S  STOP
(S (NP That group )NP (VP includes (NP (NP banks and bondholders )NP , (SBAR (WHNP who )WHNP (S (VP have (NP (NP claims )NP (PP of (NP (NP (QP $ 150 million )QP )NP and (NP (QP $ 350 million )QP )NP (ADVP respectively )ADVP )NP )PP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Maxicare )NP (ADVP also )ADVP (VP will (VP guarantee (SBAR that (S (NP the banks )NP (VP will (VP realize (NP (QP at least $ 7 million )QP )NP (PP on (NP (NP certain notes )NP (VP pledged (PP to (NP them )NP )PP )VP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Maxicare )NP (VP said (SBAR (S (NP the plan )NP (VP *UNK (SBAR that (S (NP (NP *UNK )NP (PP in (NP (NP the company 's )NP health plans )NP )PP )NP (VP will (VP have (S (NP valid claims )NP (VP covered (PP in (ADJP full )ADJP )PP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Those claims )NP , (ADVP along (PP with (NP (NP priority employee claims )NP , (NP administrative claims )NP , (NP priority tax claims )NP and (NP administrative *UNK claims )NP )NP )PP )ADVP , )NP (VP are (VP expected (S (VP to (VP total (NP (QP about $ 16 million )QP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP The plan )NP (VP is (ADJP subject (PP to (NP (NP approval )NP (PP by (NP the bankruptcy court and others )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (NP The spokesman )NP (VP said (SBAR (S (NP Maxicare )NP (VP hopes (S (VP to (VP complete (NP the reorganization )NP (PP by (NP early 1990 )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Steel Corp. )NP (VP said (SBAR that (S (NP its *UNKC , Calif. , *UNK )NP (VP sustained (NP (NP only minor damage )NP (PP from (NP (NP last week 's )NP earthquake )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP *UNKING )NP (VP resumed (NP Oct. 18 )NP )VP )S , but (S (NP the company )NP (VP expects (S (NP production )NP (VP to (VP be (VP hampered (PP in (NP the next few months )NP )PP (PP by (NP (NP (NP traffic *UNK )NP (PP around (NP the plant )NP )PP )NP and (NP (NP *UNK )NP (PP for (NP (NP repair )NP (PP to (NP gas and electric power systems )NP )PP )NP )PP )NP )NP )PP )VP )VP )VP )S )VP )S . )S  STOP
(S (NP The average interest rate )NP (VP rose (PP to (NP *UNKN % )NP )PP (PP at (NP (NP (NP Citicorp 's )NP (ADJP (QP $ 50 million )QP )ADJP weekly auction )NP (PP of (NP (NP *UNK- commercial paper )NP , or (NP corporate *UNKC )NP , )NP )PP )NP )PP (PP from (NP *UNKN % )NP (PP at (NP (NP last week 's )NP sale )NP )PP )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP (VP totaling (NP (QP $ *UNKN million )QP )NP )VP )NP (VP were (VP submitted )VP )VP . )S  STOP
(S (NP *UNKED bids )NP (VP ranged (PP (PP from (NP *UNKN % )NP )PP (PP to (NP *UNKN % )NP )PP )PP )VP . )S  STOP
(S (ADVP However )ADVP , (NP Citicorp )NP (VP said (SBAR that (S (NP the average rate )NP (VP fell (PP to (NP *UNKN % )NP )PP (PP at (NP (NP its (ADJP (QP $ 50 million )QP )ADJP auction )NP (PP of (NP *UNK- commercial paper )NP )PP )NP )PP (PP from (NP *UNKN % )NP (PP at (NP (NP last week 's )NP sale )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (VP totaling (NP (QP $ *UNKN million )QP )NP )VP )NP (VP were (VP submitted )VP )VP . )S  STOP
(S (NP *UNKED bids )NP (VP were all (PP at (NP *UNKN % )NP )PP )VP . )S  STOP
(S (NP The bank holding company )NP (VP will (VP auction (NP (NP another (QP $ 50 million )QP )NP (PP in (NP each maturity )NP )PP )NP (NP next Tuesday )NP )VP )VP . )S  STOP
(S (NP (NP Hughes *UNKC Co. )NP , (NP a General Motors Corp. unit )NP , )NP (VP said (SBAR (S (NP the *UNKC *UNK commercial communications satellite )NP (VP is (VP set (S (VP to (VP be (VP launched (NP Friday )NP )VP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The satellite )NP , (VP built (PP by (NP Hughes )NP )PP (PP for (NP the International *UNKC Satellite Organization )NP )PP )VP , )NP (VP is (NP (NP part )NP (PP of (NP (NP a (ADJP (QP $ 700 million )QP )ADJP contract )NP (VP awarded (PP to (NP Hughes )NP )PP (PP in (NP 1982 )NP )PP (S (VP to (VP develop (NP (NP five )NP (PP of (NP the *UNK- *UNK )NP )PP )NP )VP )VP )S )VP )NP )PP )NP )VP . )S  STOP
(S (NP Italian car manufacturer Fiat )NP (VP said (SBAR (S (NP it )NP (VP is n't (ADJP interested (PP in (NP (NP (NP partnership )NP )NP or (NP (NP industrial cooperation )NP )NP (PP with (NP (NP Swedish auto and aerospace group *UNKC AB )NP , (SBAR (WHNP which )WHNP (S (VP faces (NP (NP heavy losses )NP (PP in (NP its car division )NP )PP )NP )VP )S )SBAR )NP )PP )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP Fiat )NP (VP said (S (NP it )NP (VP 's (ADVP only )ADVP (ADJP interested (PP in (NP (NP technical cooperation )NP (PP with (NP Saab )NP )PP )NP )PP )ADJP )VP )S )VP . )S  STOP
(S `` (S (NP We )NP (VP know (SBAR that (S (NP Saab )NP (VP is (VP looking (PP for (NP (NP a partner )NP (PP for (NP (ADJP industrial and financial )ADJP cooperation )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S , '' (NP Fiat )NP (VP said )VP . )S  STOP
(S `` But (NP that partner )NP (VP is n't (NP Fiat )NP )VP . '' )S  STOP
(S (NP The Italian auto maker )NP (VP (VP confirmed (SBAR that (S (NP it )NP (VP was (VP discussing (NP technical cooperation )NP (PP with (NP Saab )NP )PP )VP )VP )S )SBAR )VP , but (VP declined (S (VP to (VP comment (PP on (NP rumors (SBAR that (S (NP it )NP (VP was (VP planning (S (VP to (VP buy (NP (NP Saab 's )NP car division )NP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP (NP Fiat 's )NP rejection )NP (PP of (NP (NP partnership )NP (PP with (NP Saab )NP )PP )NP )PP )NP (VP means (SBAR that (S (NP (NP the Swedish company )NP , (SBAR (WHNP which )WHNP (S (VP announced (NP last Friday )NP (SBAR that (S (NP (NP its pretax profit )NP (PP for (NP the first eight months )NP )PP )NP (VP plummeted (NP 49 % )NP )VP )S )SBAR )VP )S )SBAR , )NP (VP will (VP have (S (VP to (VP look (PP for (NP a partner )NP )PP (PP among (NP other car manufacturers )NP )PP )VP )VP )S (SBAR as (S (NP both (NP Ford Motor Corp. )NP and (NP Fiat )NP )NP (VP have (VP turned (PRT down )PRT (NP the offer )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP News reports )NP (VP said (NP yesterday )NP (SBAR that (S (NP Saab )NP (VP is (VP trying (S (VP to (VP start (NP (NP negotiations )NP (PP with (NP French *UNK *UNKC and Renault )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP ITT Corp. )NP , (S (NP its insurance business )NP (VP hurt (PP by (NP Hurricane Hugo )NP )PP )VP )S , (VP reported (NP (NP a (ADJP 4 % )ADJP decline )NP (PP in (NP third-quarter net income )NP )PP )NP , (PP despite (NP (NP a (ADJP 4.2 % )ADJP rise )NP (PP in (NP revenue )NP )PP )NP )PP )VP . )S  STOP
(S (NP ITT )NP (VP (ADVP also )ADVP forecast (NP (NP a fourth-quarter blow )NP (PP to (NP earnings )NP )PP (PP from (NP the California earthquake )NP )PP )NP )VP . )S  STOP
(S (PP *UNKC (PP for (NP insurance )NP )PP )PP , (ADVP however )ADVP , (NP ITT )NP (VP said (SBAR (S (NP it )NP (VP expects (NP (NP improved operating earnings )NP `` (PP in (NP (NP all )NP (PP of (NP our businesses )NP )PP )NP )PP (PP for (NP the full year )NP )PP )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Third-quarter net income )NP (VP dropped (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ 230 million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (PP in (NP the year-earlier period )NP )PP )PP )VP . )S  STOP
(S (NP ITT )NP (VP bought (PRT back )PRT (NP (NP (QP 8.8 million )QP shares )NP )NP (NP this year )NP , (PP including (NP (NP 2.8 million )NP (PP during (NP the third quarter )NP )PP )NP )PP )VP . )S  STOP
(S (NP Third-quarter revenue )NP (VP rose (PP to (NP (QP $ 4.9 billion )QP )NP )PP (PP from (NP (QP $ 4.7 billion )QP )NP )PP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP (NP yesterday )NP , (NP ITT common stock )NP (VP fell (NP 62.5 cents )NP (S (VP to (VP close (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP In (NP (NP addition )NP (PP to (NP insurance and finance )NP )PP )NP )PP , (NP ITT )NP (VP has (NP (NP interests )NP (PP in (NP (NP electronic parts )NP , (NP defense technology )NP , (NP automotive parts )NP , (NP *UNK technology )NP , (NP pulp and *UNK )NP , and (NP communications and information services )NP )NP )PP )NP )VP . )S  STOP
(SINV `` (S (NP (NP Hurricane Hugo losses )NP and (NP (NP the continuing industrywide downturn )NP (PP in (NP the property and casualty insurance business )NP )PP )NP )NP (VP were (NP (NP the major factors )NP (VP affecting (NP quarterly comparisons )NP )VP )NP )VP )S , '' (VP said )VP (NP (NP *UNKC V. *UNKC )NP , (NP (NP chairman )NP and (NP chief executive officer )NP )NP )NP . )SINV  STOP
(S (S (NP (NP ITT 's )NP Hartford Insurance Group )NP (VP had (NP (NP a (ADJP (QP $ 53 million )QP )ADJP quarterly pretax loss )NP (PP from (NP Hurricane Hugo )NP )PP )NP )VP )S , (NP ITT )NP (VP said )VP . )S  STOP
(S (S (NP Hartford )NP (VP expects (S (VP to (VP report (NP (NP a further pretax loss )NP (PP of (NP (QP about $ 30 million )QP )NP )PP (PP for (NP the current quarter )NP )PP )NP , (PP as (NP (NP a result )NP (PP of (NP (NP the California earthquake )NP (NP this month )NP )NP )PP )NP )PP )VP )VP )S )VP )S , (NP ITT )NP (VP added )VP . )S  STOP
(S (NP The company )NP (ADVP also )ADVP (VP disclosed (SBAR (S (NP its financial operations )NP (VP had (VP increased (NP (NP reserves )NP (PP for (NP *UNK accounts )NP )PP )NP , (S (VP resulting (PP in (NP (NP a (ADJP (QP $ 40 million )QP )ADJP pretax charge )NP (PP for (NP the third quarter )NP )PP )NP )PP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP This charge )NP (VP was (ADVP partly )ADVP (VP offset , (ADVP however )ADVP , (PP by (NP (NP (QP $ 19 million )QP )NP (PP in (NP pretax capital gains )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP ITT )NP (ADVP also )ADVP (VP said (SBAR (S (NP its consumer finance unit )NP (VP agreed (PP in (NP September )NP )PP (S (VP to (VP settle (NP (NP a civil suit )NP )NP (PP with (NP the California attorney general )NP )PP (PP over (NP alleged *UNK lending and sales practices )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (VP *UNKING (NP this settlement )NP )VP )S , (NP the company )NP (VP recorded (NP (NP a pretax charge )NP (PP of (NP (QP $ 24 million )QP )NP )PP )NP (PP during (NP (NP the fourth quarter )NP (PP of (NP 1988 )NP )PP )NP )PP )VP . )S  STOP
(S (NP An ITT spokesman )NP (VP said (SBAR (S (NP the charge )NP (VP was n't (ADVP publicly )ADVP (VP reported (PP at (NP the time )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP (NP The company 's )NP product businesses )NP , (PP with (NP (NP the exception )NP (PP of (NP electronic components )NP )PP )NP )PP , (VP had (NP higher operating earnings )NP (PP for (NP (NP the first nine months )NP (PP of (NP 1989 )NP )PP )NP )PP )VP )S , '' (NP the company )NP (VP said )VP . )S  STOP
(S (S (VP *UNKING (PP on (NP the exception )NP )PP )VP )S , (NP it )NP (VP said (SBAR (S (NP volume and margins )NP (VP were (ADJP lower )ADJP (PP in (NP semiconductor and power systems operations )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Amoco Corp. )NP (VP said (SBAR (S (NP it )NP (VP plans (S (VP to (VP (VP install (NP two *UNK )NP )VP and (VP drill (NP (QP as many as 22 )QP wells )NP )VP (S (VP to (VP develop (NP (NP oil reserves )NP (SBAR (S (NP it )NP (VP discovered (PP in (NP the Atlantic Ocean )NP )PP (ADVP (NP about 25 miles )NP off (NP (NP the coast )NP (PP of (NP *UNKC )NP )PP )NP )ADVP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Amoco )NP , (NP an energy concern )NP , )NP (VP is (NP (NP the operator )NP (PP of (NP the project )NP )PP (PP with (NP a (ADJP *UNKN % )ADJP working interest )NP )PP )NP )VP )S , and (S (NP other partners )NP (VP include (NP (NP (NP *UNKC *UNKC )NP , (NP the *UNKC state oil company )NP , (PP with (NP a (ADJP 50 % )ADJP interest )NP )PP )NP , and (NP (NP *UNKC Foreign Petroleum *UNKC Co. )NP (PP with (NP a (ADJP 6.25 % )ADJP stake )NP )PP )NP )NP )VP )S . )S  STOP
(S (NP *UNKC )NP (VP is (VP expected (S (VP to (VP be (NP (NP (QP about 40,000 )QP barrels )NP (PP of (NP oil )NP )PP (NP a day )NP )NP (PP after (NP (NP completion )NP (PP of (NP the drilling program )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP *UNKC Engineering Group Inc. 's )NP *UNKC International unit )NP (VP was (VP selected (S (VP to (VP design and build (NP (NP a *UNK- manufacturing plant )NP (PP in (NP (NP County *UNKC )NP , (NP Ireland )NP , )NP )PP )NP (PP for (NP Intel Corp )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (NP an international engineering and construction concern )NP )VP . )S  STOP
(S (NP (NP Total capital investment )NP (PP at (NP the site )NP )PP )NP (VP could (VP be (ADJP (QP as much as $ 400 million )QP )ADJP , (PP according (PP to (NP Intel )NP )PP )PP )VP )VP . )S  STOP
(S (NP The *UNK- plant )NP (VP will (VP be (VP *UNKED (PP on (NP (NP a *UNK- site )NP (PP near (NP *UNKC )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP *UNKC Engineering officials )NP (VP could n't (VP be (VP reached (PP for (NP comment )NP )PP )VP )VP )VP . )S  STOP
(S (NP Bob Evans Inc. )NP (VP said (SBAR (S (NP its board )NP (VP authorized (NP (NP the purchase )NP (PP of (NP (NP (QP as many as 500,000 )QP shares )NP (PP of (NP its common )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The stock )NP , (SBAR (S (VP to (VP be (VP purchased (PP (PP on (NP the open market )NP )PP or (PP through (NP (ADJP privately negotiated )ADJP transactions )NP )PP )PP )VP )VP )VP )S )SBAR , )NP (VP will (VP be (VP held (PP as (NP (NP treasury shares )NP (PP for (NP (NP stock options )NP or (NP other general corporate purposes )NP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP The program )NP (VP expires (NP April 27 )NP )VP . )S  STOP
(S (NP The restaurant operator )NP (VP had (NP (NP (QP *UNKN million )QP shares )NP (ADJP outstanding )ADJP )NP (PP as (PP of (NP Sept. 29 )NP )PP )PP )VP . )S  STOP
(S (NP *UNKC Energy Inc. )NP (VP said (SBAR (S (NP it )NP (VP completed (NP (NP the sale )NP (PP of (NP *UNKC Co. )NP )PP (PP to (NP *UNKC *UNKC Co. )NP )PP , (PP for (NP (NP (QP $ 17 million )QP )NP (PP in (NP cash and notes )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP an oil and gas concern )NP , )NP (VP said (SBAR (S (NP (NP it )NP and (NP its partners )NP )NP (VP received (NP (NP (NP (QP $ 7 million )QP )NP (PP in (NP cash )NP )PP )NP and (NP (NP (QP $ 10 million )QP )NP (PP in (NP five-year notes )NP )PP )NP )NP (PP for (NP the Kansas *UNK pipeline )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP *UNKC )NP (VP owned (NP (NP 60 % )NP (PP of (NP the pipeline )NP )PP )NP )VP )S and (S (NP private entities )NP (VP owned (NP the rest )NP )VP )S . )S  STOP
(S (NP *UNKC )NP (VP is (VP based (PP in (NP *UNKC , Kansas )NP )PP )VP )VP . )S  STOP
(S (NP French consumer prices )NP (VP rose (NP 0.2 % )NP (PP in (NP September )NP )PP (PP from (NP August )NP )PP , (PP according (PP to (NP (NP provisional estimates )NP (PP by (NP the National Statistics Institute )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP The agency )NP (VP noted (SBAR that (S (PP because of (NP (NP a strike )NP (PP by (NP Finance Ministry personnel )NP )PP )NP )PP (NP the provisional estimate )NP (VP does n't (VP *UNK (ADVP exactly )ADVP (PP to (NP (NP the consumer price index )NP (ADVP usually )ADVP (VP published )VP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The agency )NP (VP noted , (ADVP however )ADVP , (SBAR (S (NP the estimate )NP (VP will (ADVP likely )ADVP (VP be (VP confirmed )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The institute )NP (VP did n't (VP estimate (NP annual price growth )NP (PP in (NP September )NP )PP )VP )VP )S , but (S (NP (NP a (ADJP 0.2 % )ADJP rise )NP (PP by (NP the consumer price index )NP )PP )NP (VP would (VP put (NP growth )NP (PP at (NP (NP either *UNKN or *UNKN )NP , (ADVP up (NP (NP 3.3 % )NP or (NP 3.4 % )NP )NP (PP from (NP (NP the year-earlier level )NP (PP of (NP *UNKN )NP )PP )NP )PP )ADVP )NP )PP )VP )VP )S . )S  STOP
(S (NP The index )NP (VP (VP was (NP *UNKN )NP (PP in (NP August )NP )PP )VP and (VP is (VP based (PP on (S (NP 1980 )NP (VP equaling (NP 100 )NP )VP )S )PP )VP )VP )VP . )S  STOP
(S (NP (NP International Technology Corp. )NP and (NP (NP *UNKC *UNKC Corp. )NP , (NP (NP a unit )NP (PP of (NP (NP London 's )NP *UNKC Corp. )NP )PP )NP , )NP )NP (VP said (SBAR (S (NP they )NP (VP were (VP awarded (NP a (ADJP (QP $ 55 million )QP )ADJP contract )NP (PP by (NP (NP the U.S. Army *UNKC )NP (PP of (NP *UNKC )NP )PP )NP )PP (PP for (NP (NP the *UNK )NP (PP of (NP (NP the *UNKC *UNKC *UNKC *UNKC site )NP (PP in (NP (NP *UNKC *UNKC )NP , (NP N.J )NP )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP International Technology )NP , (NP an environmental management concern )NP , )NP (VP said (SBAR (S (NP the contract )NP (VP includes (NP (NP construction )NP (PP of (NP (NP *UNK walls )NP , (NP gas collection systems )NP , (NP a *UNK cap )NP and (NP water treatment plant )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP U.S. Memories Inc. )NP , (NP (NP the venture )NP (SBAR (WHNP that )WHNP (S (VP seeks (S (VP to (VP crack (NP (NP (NP Japan 's )NP *UNK )NP (PP of (NP the *UNK- market )NP )PP )NP )VP )VP )S )VP )S )SBAR )NP , )NP (VP said (SBAR (S (NP it )NP (VP has (VP chosen (NP (NP four potential sites )NP (PP for (NP its operations )NP )PP )NP (PP after (NP (NP a *UNK bidding war )NP (PP by (NP 15 states )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP U.S. Memories )NP (VP said (SBAR (S (NP it )NP (VP will (VP begin (NP (NP visits )NP (PP during (NP the next several weeks )NP )PP (PP to (NP (NP sites )NP (PP in (NP (NP (NP Austin )NP , (NP Texas )NP )NP ; (NP (NP Colorado Springs )NP , (NP Colo. )NP )NP ; (NP (NP *UNKC )NP , (NP N.Y. )NP )NP ; and (NP (NP Phoenix )NP , (NP *UNKC )NP )NP )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Sanford *UNKC )NP , (NP president )NP , )NP (VP said (SBAR (S (NP the *UNK )NP (VP were (VP chosen (PP from (PP among (NP 57 locations )NP )PP )PP (PP based (PP on (NP (UCP financial , business , and (NAC quality (PP of (NP life )NP )PP )NAC )UCP considerations )NP )PP )PP )VP )VP )S )SBAR )VP . )S  STOP
(SINV (ADJP *UNKC (PP by (NP its absence )NP )PP )ADJP (VP is )VP (NP California )NP . )SINV  STOP
(S (NP (NP San Jose )NP and (NP several other California cities )NP )NP (VP mounted (NP major campaigns )NP (PP during (NP the summer )NP )PP (S (VP to (VP *UNK (NP (NP the group )NP , (SBAR (WHNP which )WHNP (S (VP was (VP founded (NP last June )NP (PP by (NP seven electronics concerns )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (NP The venture )NP (VP plans (S (VP to (VP announce (NP a final site )NP (PP by (NP late November )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP It )NP (VP expects (S (VP to (VP (VP begin (NP construction )NP (PP by (NP year end )NP )PP )VP and (VP start (VP shipping (NP *UNK- dynamic *UNK- memory chips )NP (PP by (NP *UNK- )NP )PP )VP )VP )VP )VP )S )VP . )S  STOP
(S (NP U.S. Memories investors )NP (VP include (NP (NP Advanced *UNKC *UNKC Inc. )NP , (NP Digital Equipment Corp. )NP , (NP Hewlett-Packard Co. )NP , (NP International Business Machines Corp. )NP , (NP Intel Corp. )NP , (NP *UNKC *UNKC Corp. )NP , and (NP National *UNKC Corp )NP )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP he )NP (VP expects (S (NP several other companies )NP (VP to (VP join (NP (NP (NP some time )NP (SBAR after (S (NP the venture )NP (VP *UNK (NP a business plan )NP )VP )S )SBAR )NP , (ADVP probably )ADVP (NP later this week )NP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A seat )NP (PP on (NP (NP the Chicago Board )NP (PP of (NP Trade )NP )PP )NP )PP )NP (VP was (VP sold (PP for (NP (NP $ *UNKN )NP , (ADJP unchanged (PP from (NP (NP the previous sale )NP (NP Oct. 13 )NP )NP )PP )ADJP )NP )PP )VP )VP . )S  STOP
(S (NP Seats )NP (ADVP currently )ADVP (VP are (VP quoted (PP at (NP (NP (NP $ *UNKN )NP (VP bid )VP )NP , (NP (NP $ *UNKN )NP (VP asked )VP )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The record price )NP (PP for (NP (NP a full membership )NP (PP on (NP the exchange )NP )PP )NP )PP )NP (VP is (NP $ *UNKN )NP , (S (VP set (NP Aug. 31 , 1987 )NP )VP )S )VP . )S  STOP
(S (NP (NP Dennis R. *UNKC )NP , (NP (NP a general manager )NP (PP of (NP *UNKC *UNKC )NP )PP )NP , )NP (VP was (VP named (S (NP (NP (NP vice president )NP (PP of (NP research and development )NP )PP )NP , (NP (NP a new post )NP (PP at (NP this steel company )NP )PP )NP )NP )S )VP )VP . )S  STOP
(S (NP (NP Fred D. Thompson )NP , (NP (NP a *UNK- attorney )NP (PP in (NP (NP private practice )NP (PP in (NP (NP Washington )NP and (NP *UNKC , Tenn. , )NP )NP )PP )NP )PP )NP )NP (VP was (VP elected (PP to (NP (NP the board )NP (PP of (NP this engineering and construction company )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The board )NP (VP increased (PP to (NP 11 seats )NP )PP )VP . )S  STOP
(S (NP Sun Microsystems Inc. )NP (VP said (SBAR (S (NP Prime Computer Inc. )NP (VP has (VP agreed (S (VP to (VP *UNK (NP (NP (QP as much as $ 200 million )QP worth )NP (PP of (NP (NP Sun 's )NP machines )NP )PP )NP (PP over (NP the next two years )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The computers )NP (VP use (NP (NP (NP the company 's )NP own microprocessor )NP (VP called (S (NP *UNKC )NP )S )VP )NP )VP )S , (NP Sun )NP (VP said )VP . )S  STOP
(S (NP *UNKC Systems Inc. )NP (VP said (SBAR (S (NP it )NP (VP filed (NP a lawsuit )NP (PP against (NP Apple Computer Inc. )NP )PP )VP )S )SBAR , (S (VP claiming (NP (NP patent *UNK )NP (PP in (NP (NP an element )NP (PP of (NP (NP Apple 's )NP popular *UNKC software program )NP )PP )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP (NP The suit )NP , (VP filed (PP in (NP Minneapolis federal court )NP )PP )VP , )NP (VP claims (SBAR that (S (NP Apple )NP (VP violated (NP (NP a *UNKC patent )NP (SBAR (WHNP that )WHNP (S (VP allows (S (NP computer users )NP (VP to (VP display `` (NP (NP only *UNK )NP (PP of (NP multiple fields )NP )PP )NP (PP on (NP a computer screen )NP )PP (PP with (NP the ability (S (VP to (VP see (NP (NP the entire *UNK )NP (PP of (NP any given field )NP )PP )NP )VP )VP )S )NP )PP )VP )VP )S )VP )S )SBAR )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP The *UNKC program )NP (VP (VP allows (S (NP users )NP (VP to (VP design (NP (NP applications )NP (PP for (NP *UNKC computers )NP )PP )NP (PP without (S (VP having (S (VP to (VP be (NP *UNK *UNK )NP )VP )VP )S )VP )S )PP )VP )VP )S )VP and (VP is (VP distributed (PP with (NP (NP every *UNKC )NP (VP sold )VP )NP )PP )VP )VP )VP . )S  STOP
(S (S (NP It )NP (VP 's (NP (NP one )NP (PP of (NP (NP the (ADJP most popular )ADJP computer programs )NP (PP of (NP all time )NP )PP )NP )PP )NP )VP )S , but (S (NP analysts )NP (VP said (SBAR (S (NP the *UNKC suit )NP (VP does n't (VP appear (S (VP to (VP *UNK (NP (NP major difficulties )NP (PP for (NP Apple )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP )S . )S  STOP
(SINV (S (NP (NP The technology )NP (PP at (NP issue )NP )PP )NP `` (VP is not (NP (NP an underlying technology )NP (PP of (NP *UNKC )NP )PP )NP (PP to (NP my knowledge )NP )PP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP a (ADJP San *UNKC )ADJP *UNKC program developer )NP )NP . )SINV  STOP
(S (ADVP Nonetheless )ADVP , (NP the suit )NP (VP seeks (NP (NP unspecified damages )NP (SBAR (WHNP that )WHNP (S (NP (NP an attorney )NP (PP for (NP *UNKC )NP )PP )NP (VP claimed (SBAR (S (VP could (VP run (PP into (NP (NP the millions )NP (PP of (NP dollars )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (NP *UNKC , Calif. )NP )PP , (NP Apple )NP (VP said (SBAR that (S (NP it )NP (VP believes (SBAR (SBAR (S (NP the case )NP (VP has (NP no *UNK )NP )VP )S )SBAR , and (SBAR that (S (NP *UNKC )NP (VP does not (VP *UNK (NP `` (NP any valid claims )NP '' (PP of (NP the *UNKC patents )NP )PP )NP )VP )VP )S )SBAR )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP said (SBAR (S (NP it )NP (VP filed (NP (NP an action )NP (PP of (NP its own )NP )PP )NP (PP in (NP (NP federal court )NP (PP in (NP (NP San Jose )NP , (NP Calif. )NP , )NP )PP )NP )PP (S (VP seeking (NP a *UNK (SBAR that (S (NP (NP *UNKC 's )NP claims )NP (VP are (ADJP *UNK )ADJP )VP )S )SBAR )NP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP This )NP (VP is (PP in (NP (NP response )NP (PP to (NP (NP (NP *UNKC *UNKC 's )NP (NP *UNKC 's )NP Journal )NP , `` (S (VP Looking (PP for (NP the Real *UNKING )NP )PP (PP in (NP Sony )NP )PP )VP )S '' (PRN -LRB- (NP (NP editorial page )NP , (NP Oct. 2 )NP )NP -RRB- )PRN )NP )PP )NP )PP )VP . )S  STOP
(S (S (SBAR Though (S (NP I )NP (VP agree (PP with (NP (NP many )NP (PP of (NP (NP Mr. *UNKC 's )NP comments )NP )PP )NP )PP )VP )S )SBAR , (NP I )NP (VP believe (SBAR (S (NP he )NP (VP points (NP the *UNK )NP (PP in (NP the wrong direction )NP )PP )VP )S )SBAR )VP )S : (S (NP It )NP (VP (VP is n't (NP the Americans )NP (SBAR (WHNP who )WHNP (S (VP must (VP be (VP criticized (PP for (S not (VP understanding (NP the Japanese culture )NP )VP )S )PP )VP )VP )VP )S )SBAR )VP , but (VP (NP the Japanese )NP (SBAR (WHNP who )WHNP (S (VP insist (PP on (S (VP forcing (NP their culture )NP (PP on (NP Americans )NP )PP )VP )S )PP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (S (NP The Japanese )NP (VP want (S (NP us )NP (VP to (VP accept (NP their culture )NP )VP )VP )S )VP )S , but (S (NP they )NP (VP refuse (S (VP to (VP accept (NP the American culture )NP )VP )VP )S )VP )S . )S  STOP
(S (S (NP Japanese managers )NP (VP ca n't (VP expect (S (NP Americans )NP (VP to (VP *UNK (SBAR as if (S (NP they )NP (VP were (NP Japanese )NP )VP )S )SBAR )VP )VP )S )VP )VP )S ; (S (ADVP instead )ADVP , (NP they )NP (VP must (VP manage (NP Americans )NP (PP as (NP Americans )NP )PP )VP )VP )S . )S  STOP
(S (NP Americans )NP (VP are (VP expected (S (VP to (VP *UNK (PP to (NP the Japanese culture )NP )PP (SBAR (WHADVP when )WHADVP (S (PP in (NP Japan )NP )PP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(SBARQ (WHNP What )WHNP (SQ is (ADJP wrong (PP with (S (VP expecting (S (NP the Japanese )NP (VP to (VP *UNK (PP to (NP American *UNK )NP )PP (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP *UNK (ADVP here )ADVP )VP )S )SBAR )VP )VP )S )VP )S )PP )ADJP )SQ ? )SBARQ  STOP
(S (NP Americans )NP (VP place (NP native or native *UNK )NP (PP in (NP (NP charge )NP (PP of (NP (NP subsidiaries )NP (ADVP overseas )ADVP )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP European *UNK )NP (VP do (ADVP *UNK )ADVP )VP )S ; (S (PP (ADVP even )ADVP in (NP America )NP )PP , (NP their affiliates )NP (VP are (ADVP usually )ADVP (VP run (PP by (NP American managers )NP )PP )VP )VP )S . )S  STOP
(S But (NP the Japanese )NP (VP insist (PP upon (NP Japanese managers )NP )PP (ADVP (ADVP *UNK )ADVP (SBAR (S (NP they )NP (VP set (PRT up )PRT (NP shop )NP )VP )S )SBAR )ADVP )VP . )S  STOP
(SQ Do (NP the Japanese )NP (VP feel (ADJP so superior (SBAR that (S (NP they )NP (VP can not (VP find (NP capable American managers )NP )VP )VP )S )SBAR )ADJP )VP ? )SQ  STOP
(NP (NP Paul A. *UNKC )NP (NP (NP *UNKC University )NP (NP *UNKC , *UNKC )NP )NP . )NP  STOP
(S (NP Mr. *UNKC )NP (VP suggests (SBAR that (S (NP *UNKC Electronics Industries workers )NP (VP were (VP having (NP difficulty )NP (S (VP understanding (NP (NP their foreign *UNK ' )NP perspective )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR While (S (NP Mr. *UNKC )NP (VP does (NP (NP an excellent job )NP (PP of (S (VP explaining (NP (NP the differences )NP , (ADJP both (ADJP cultural )ADJP and (ADJP *UNK )ADJP )ADJP )NP )VP )S )PP )NP )VP )S )SBAR , (NP I )NP (VP question (NP his perspective )NP )VP . )S  STOP
(SQ *UNKC (NP he )NP (VP suggest (SBAR that (S (NP (NP employees )NP (PP of (NP (NP an American company )NP (VP doing (NP business )NP (PP in (NP Japan )NP )PP )VP )NP )PP )NP (VP conform (PP to (NP (NP their new *UNK ' )NP culture and philosophy )NP )PP )VP )S )SBAR )VP ? )SQ  STOP
(FRAG (ADVP Obviously )ADVP not . )FRAG  STOP
(S (ADVP Thus )ADVP (NP the conclusion )NP (VP is (SBAR that (S (NP the burden )NP (VP *UNK (PP with (NP management )NP )PP (S (VP to (VP *UNK (NP (NP the culture and philosophy )NP (PP of (NP (NP the country )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP they )NP (VP are (VP operating )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP The workers )NP (VP can (VP be (VP *UNKED )VP )VP )VP )S , and (S (NP the company )NP (VP reach (NP its full potential )NP )VP )S , (SBAR (WHADVP only when )WHADVP (S (NP management )NP (VP *UNK (NP (NP the employees ' )NP perspective )NP )VP )S )SBAR . )S  STOP
(NP (NP A. *UNKC *UNKC )NP (NP (NP President )NP (NP (NP Municipal Code Corp . )NP (NP *UNKC , *UNKC )NP )NP )NP . )NP  STOP
(S (NP I )NP (VP believe (SBAR (S (NP Mr. Kageyama )NP (VP left (PRT out )PRT (NP (NP (NP one major aspect )NP (PP of (NP Japanese culture )NP )PP (SBAR (WHNP that )WHNP (S (VP *UNKED (NP his piece )NP )VP )S )SBAR )NP : (NP (NP the belief )NP (PP in (NP (NP the *UNK )NP (PP of (NP Japanese culture and behavior )NP )PP (PP vs. (NP others )NP )PP )NP )PP )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP A manager )NP (VP should not (VP have (S (VP to (VP *UNK (NP (NP the *UNK )NP (PP of (NP his employees )NP )PP (PP about (NP (NP the style )NP (PP of (NP his management )NP )PP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP Instead )ADVP , (NP he )NP (VP should (VP listen (S (VP to (VP see (SBAR (WHADVP how )WHADVP (S (NP that criticism )NP (VP can (VP be (VP used (ADVP *UNKLY )ADVP (S (VP to (VP advance (NP (NP his *UNK )NP (PP of (S (VP carrying (PRT out )PRT (NP (NP a set )NP (PP of (NP tasks )NP )PP )NP (PP through (NP (NP the efforts )NP (PP of (NP his *UNK )NP )PP )NP )PP )VP )S )PP )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Japanese culture )NP (PP vs. (NP American culture )NP )PP )NP (VP is (ADJP *UNK )ADJP )VP . )S  STOP
(S (NP The key )NP (VP is (SBAR (WHADVP how )WHADVP (S (NP (NP a manager )NP (PP from (NP one culture )NP )PP )NP (VP can (VP *UNK (NP (NP employees )NP (PP from (NP another )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR For (S (NP Mr. Kageyama )NP (VP to (VP argue (SBAR that (S (NP American employees )NP (VP must (ADVP *UNKLY )ADVP (VP accept (NP (NP a direct *UNK )NP (PP of (NP (NP the Japanese way )NP (PP of (S (VP doing (NP things )NP )VP )S )PP )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )SBAR (VP is (NP (NP *UNK cultural *UNK )NP (PP of (NP the first order )NP )PP )NP )VP . )S  STOP
(S (NP The Japanese )NP (VP are (VP *UNKING (NP the opportunity (S (VP to (VP *UNK (NP (NP a new corporate culture )NP (VP based (PP on (NP (NP a fusion )NP (PP of (NP (NP the best aspects )NP (PP of (NP both national *UNK )NP )PP )NP )PP )NP )PP )VP )NP )VP )VP )S )NP )VP )VP . )S  STOP
(S (NP Mr. Kageyama )NP (VP is (ADJP *UNK )ADJP (S (VP to (VP deny (NP a specific *UNK- bias )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP It )NP )NP (VP is (ADJP more difficult )ADJP (S (VP to (VP deny (NP (NP a general *UNK )NP (PP in (S (VP seeing (NP things )NP (NP only the Japanese way )NP )VP )S )PP )NP )VP )VP )S )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP (NP the response )NP (PP to (NP criticism )NP )PP )NP (VP is (ADVP only )ADVP (NP (NP a better explanation )NP (PP of (NP policies )NP )PP (PP without (S (VP *UNKING (NP (NP the reasons )NP (PP for (NP the criticism )NP )PP )NP )VP )S )PP )NP )VP )S )SBAR , (NP I )NP (VP am (ADJP convinced (SBAR that (S (NP Mr. Kageyama )NP (VP (VP has (ADVP still )ADVP (VP failed (S (VP to (VP attack (NP (NP the *UNK cause )NP (PP of (NP the problem )NP )PP )NP )VP )VP )S )VP )VP and (VP is (ADVP simply )ADVP (VP treating (NP symptoms )NP )VP )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(NP (NP Norman L. *UNKC )NP (NP *UNKC , *UNKC )NP . )NP  STOP
(S (NP Cie . Generale *UNK *UNKC )NP (VP (VP reported (SBAR that (S (NP net profit )NP (VP climbed (NP 30 % )NP (PP in (NP (NP the first half )NP (PP of (NP 1989 )NP )PP )NP )PP )VP )S )SBAR )VP and (VP said (SBAR that (S (NP it )NP (VP expects (NP (NP a gain )NP (PP of (NP about 25 % )NP )PP (PP for (NP the full year )NP )PP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The French water treatment group )NP (VP said (SBAR (S (NP (NP consolidated net profit )NP (PP after (NP (NP payments )NP (PP to (NP minority interests )NP )PP )NP )PP )NP (VP rose (PP to (NP (NP (QP *UNKN million )QP francs )NP -LRB- (NP (QP US$ *UNKN million )QP )NP -RRB- )NP )PP (PP from (NP (QP *UNKN million )QP francs )NP )PP (PP in (NP (NP the first half )NP (PP of (NP 1988 )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Revenue )NP (VP climbed (NP 13 % )NP (PP to (NP (QP *UNKN billion )QP francs )NP )PP (PP from (NP (QP *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP Generale *UNK *UNKC )NP (VP said (SBAR (S (NP the earnings gain )NP (VP was (VP led (PP by (NP its water , energy and building activities )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP As (NP (NP a presidential candidate )NP (PP in (NP 1980 )NP )PP )NP )PP , (NP George Bush )NP (ADVP *UNKLY )ADVP (VP expressed (NP (NP his position )NP (PP on (NP abortion )NP )PP )NP (PP in (NP (NP (NP an interview )NP (PP with (NP *UNKING Stone magazine )NP )PP )NP (VP published (NP that March )NP )VP )NP )PP )VP . )S  STOP
(SBARQ (WHNP What )WHNP (SQ did (NP he )NP (VP think (PP of (NP (NP (NP the Supreme Court 's )NP decision )NP (VP *UNKING (NP abortion )NP )VP )NP )PP )VP )SQ ? )SBARQ  STOP
(S `` (S (NP I )NP (VP happen (S (VP to (VP think (SBAR (S (NP it )NP (VP was (ADJP right )ADJP )VP )S )SBAR )VP )VP )S )VP )S , '' (NP Mr. Bush )NP (VP said (ADVP *UNKLY )ADVP )VP . )S  STOP
(S (ADVP (NP A few months )NP later )ADVP , (NP Mr. Bush )NP (VP became (NP (NP Ronald Reagan 's )NP running *UNK )NP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP (NP George Bush )NP (NP the pro-choice *UNK )NP )NP (VP became (NP (NP George Bush )NP (NP the *UNK- )NP )NP )VP . )S  STOP
(S And (NP the *UNK )NP (VP did n't (VP end (ADVP there )ADVP )VP )VP . )S  STOP
(S (ADVP (NP Just a month )NP ago )ADVP , (NP Mr. Bush )NP (ADVP *UNKLY )ADVP (VP threatened (S (VP to (VP veto (NP a pending welfare bill )NP (SBAR if (S (NP it )NP (VP provided (NP any abortion funds )NP , (PP except (S (VP to (VP save (NP (NP a woman 's )NP life )NP )VP )VP )S )PP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (ADVP Then )ADVP , (ADVP (NP two weeks )NP ago )ADVP -- (S (VP declaring (SBAR that `` (S (NP I )NP (VP 'm not (VP looking (PP for (NP (NP any conflict )NP (PP over (NP this )NP )PP )NP )PP )VP )VP )S '' )SBAR )VP )S -- (NP the president )NP (VP said (SBAR (S (NP he )NP (VP would (VP consider (NP a compromise (S (VP to (VP fund (NP (NP abortions )NP (PP for (NP poor women )NP )PP )NP (PP in (NP (NP cases )NP (PP of (NP rape and incest )NP )PP )NP )PP )VP )VP )S )NP )VP )VP )S )SBAR )VP . )S  STOP
(S But (PP (NP only four days )NP after (NP that )NP )PP , (NP Mr. Bush )NP (VP *UNKED (NP the veto threat )NP )VP . )S  STOP
(S `` (S (NP I )NP (VP do not (VP support (NP (NP federal funding )NP (PP for (NP abortions )NP )PP )NP (PP except (SBAR (WHADVP where )WHADVP (S (NP (NP the mother 's )NP life )NP (VP is (VP threatened )VP )VP )S )SBAR )PP )VP )VP )S , '' (NP he )NP (VP (VP *UNKED )VP , and (VP (ADVP finally )ADVP vetoed (NP the measure )NP (NP last weekend )NP )VP )VP . )S  STOP
(SBARQ So (WHNP what )WHNP (SQ does (NP George Bush )NP (ADVP really )ADVP (VP believe )VP )SQ ? )SBARQ  STOP
(S (NP The answer )NP (VP is (ADJP so *UNK (SBAR that (S (NP it )NP (VP is (VP beginning (S (VP to (VP get (S (NP this popular president )NP (PP in (NP (NP trouble )NP (PP with (NP (NP each )NP (PP of (NP (NP the (ADJP increasingly *UNK )ADJP , (ADJP increasingly powerful )ADJP sides )NP (PP of (NP the abortion issue )NP )PP )NP )PP )NP )PP )NP )PP )S )VP )VP )S )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP The result )NP (VP is (NP (NP *UNK and criticism )NP (PP from (ADVP all around )ADVP )PP )NP )VP . )S  STOP
(S (NP *UNKC forces )NP (VP regard (NP him )NP (PP as (NP (ADVP at best )ADVP an uncertain ally )NP )PP )VP . )S  STOP
(SINV `` (S (PP In (NP all *UNK )NP )PP (SBAR if (S (NP you )NP (VP ask (NP me )NP , ` (SQ Is (NP this man )NP (NP a true *UNK )NP ? )SQ ' )VP )S )SBAR (NP I )NP (VP do n't (VP know )VP )VP )S , '' (VP says )VP (NP (NP John *UNKC )NP , (NP (NP head )NP (PP of (NP the *UNKED (NX (NX Ad *UNKC Committee )NX (PP in (NP (NP Defense )NP (PP of (NP Life )NP )PP )NP )PP )NX Inc )NP )PP )NP )NP . )SINV  STOP
(S (ADVP Yet )ADVP (NP abortion-rights forces )NP (VP remain (ADJP *UNKLY critical )ADJP )VP . )S  STOP
(S (NP (NP Douglas Gould )NP , (NP (NP vice president )NP (PP of (NP communications )NP )PP (PP for (NP (NP the *UNKED *UNKC Federation )NP (PP of (NP America )NP )PP )NP )PP )NP , )NP (VP calls (S (NP (NP (NP Mr. Bush 's )NP position )NP (PP on (NP the *UNKING issue )NP )PP )NP `` (ADJP extremely *UNK )ADJP )S , '' (S (VP adding : `` (S (NP The guy )NP (VP has n't (VP done (NP (NP one thing )NP (PP about (NP *UNK )NP )PP )NP )VP )VP )S )VP )S )VP . )S  STOP
(S (NP He )NP (VP 's (ADJP totally *UNKED (PP to (NP a punitive position )NP )PP )ADJP )VP . '' )S  STOP
(S (NP Mr. Bush )NP (VP is (ADVP *UNKLY )ADVP (ADJP *UNK (PP with (NP the entire abortion question )NP )PP )ADJP )VP . )S  STOP
(S (PP For (NP (NP most )NP (PP of (NP the past nine years )NP )PP )NP )PP , (NP he )NP (VP has (VP *UNK (S (VP to (VP convince (NP anti-abortion activists )NP (PP of (NP (NP his *UNK support )NP (PP for (NP their position )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S But (SBAR ever since (S (NP (NP (NP the Supreme Court 's )NP (NAC Webster (PP vs. (NP *UNKC Health Services )NP )PP )NAC decision )NP (NP this year )NP )NP (VP changed (NP (NP the political landscape )NP (PP of (NP the abortion issue )NP )PP )NP )VP )S )SBAR , (NP the president )NP (ADVP seemingly )ADVP (VP has (VP tried (ADVP just as hard )ADVP (S (VP to (VP avoid (VP saying (NP (NP anything )NP (ADJP more )ADJP )NP (SBAR unless (S (VP *UNKED (PP to (NP the wall )NP )PP )VP )S )SBAR )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP Many Americans )NP (ADVP still )ADVP (VP *UNK (PP over (NP (NP their own personal feelings )NP (PP about (NP abortion )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Mr. Bush 's )NP problem )NP (VP is n't (ADVP (ADVP so much )ADVP )ADVP (SBAR that (S (NP he )NP (VP seems (S (VP to (VP be (VP *UNKING (PP over (NP the issue )NP )PP )VP )VP )VP )S )VP )S )SBAR (SBAR as (S (NP it )NP (VP is (SBAR that (S (NP he )NP (VP seems (S (VP to (VP *UNK (PP on (NP it )NP )PP )VP )VP )S )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (S (NP The political risk )NP (VP would (VP be (ADJP far less )ADJP (SBAR if (S (NP the president )NP (VP (VP drew (NP a firm line )NP )VP and (VP *UNKED (PP to (NP it )NP )PP )VP )VP )S )SBAR )VP )VP )S , (NP experts )NP (VP insist )VP . )S  STOP
(SINV `` (S (SBAR If (S (NP you )NP (VP have (NP a position )NP )VP )S )SBAR , (NP you )NP (VP 're (ADJP (ADJP better (PRT off )PRT (S (VP to (VP stick (PP with (NP it )NP )PP )VP )VP )S )ADJP (SBAR than (S (VP to (VP move (ADVP around )ADVP (ADVP very much )ADVP )VP )VP )S )SBAR )ADJP )VP )S , '' (VP says )VP (NP Republican strategist John Sears )NP . )SINV  STOP
(S (NP (NP The need )NP (PP for (NP *UNK )NP )PP )NP (VP is (ADJP especially *UNK )ADJP (PP for (NP (NP Mr. Bush )NP , (SBAR (WHNP who )WHNP (S (PRN , (S (NP Mr. Sears )NP (VP maintains )VP )S , )PRN (VP lacks (NP a strong *UNK base )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP By (NP (NP his moderate Republican *UNK )NP (CONJP as well as )CONJP (NP (NP the warnings )NP (PP of (NP (NP political advisers )NP (SBAR (WHNP who )WHNP (S (VP say (SBAR (S (NP the issue )NP (VP is (ADJP vital (PP to (NP younger voters )NP )PP )ADJP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )NP )PP , (NP the president )NP (VP might (VP seem (S (VP to (VP have (NP (NP (ADVP at least )ADVP some *UNK )NP (PP with (NP abortion-rights arguments )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP Yet )ADVP (NP he )NP (VP is (ADVP also )ADVP (ADJP firmly *UNK (PP by (NP (NP his *UNK- rhetoric )NP and (NP (NP promises )NP (SBAR (S (NP he )NP (VP made (PP to (NP anti-abortion activists )NP )PP (PP during (NP (NP his long pursuit )NP (PP of (NP the White House )NP )PP )NP )PP )VP )S )SBAR )NP )NP )PP )ADJP )VP . )S  STOP
(S (PP On (NP (NP many issues )NP (PRN -- (NP (NP *UNKING )NP , (PP for (NP instance )NP )PP )NP -- )PRN )NP )PP (NP his *UNK political *UNK )NP (VP overcome (NP such conflicts )NP )VP . )S  STOP
(S But (NP (NP Mr. Bush )NP and (NP his advisers )NP )NP (VP *UNKED (NP (NP the politics )NP (PP of (NP the abortion issue )NP )PP )NP , (S (VP failing (S (VP to (VP *UNK (SBAR (WHADVP how *UNKLY )WHADVP (S (NP the abortion-rights movement )NP (VP would (VP be (VP *UNKED (PP following (NP (NP (NP last summer 's )NP Supreme Court decision (S (VP to (VP restrict (NP those rights )NP )VP )VP )S )NP (PP in (NP the Webster case )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP )VP )S )VP )S )VP . )S  STOP
(SINV `` (S (NP It )NP (VP was (NP (NP one )NP (PP of (NP (NP the *UNK changes )NP (PP in (NP public attitudes )NP )PP (SBAR (S (NP I )NP (VP 've (ADVP ever )ADVP (VP seen )VP )VP )S )SBAR )NP )PP )NP )VP )S , '' (VP says )VP (NP former Reagan *UNK Richard *UNKC )NP . )SINV  STOP
(S (NP These days )NP , (SBAR (WHADVP when )WHADVP (S (NP others )NP (VP raise (NP (NP the subject )NP (PP of (NP abortion )NP )PP )NP )VP )S )SBAR , (NP the (ADJP usually *UNK )ADJP president )NP (VP can (VP be (ADJP *UNKED (PP (ADVP almost )ADVP to (NP (NP the point )NP (PP of (NP *UNK )NP )PP )NP )PP )ADJP )VP )VP . )S  STOP
(S (ADVP (NP *UNKC days )NP ago )ADVP (NP he )NP (VP was (VP asked (S (VP to (VP *UNK (NP (NP the reasons )NP (PP behind (NP his anti-abortion stance )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S `` (S (NP My position )NP (VP is (ADJP well-known and *UNKED )ADJP )VP )S , '' (NP he )NP (VP replied )VP . )S  STOP
(S (NP (NP A close look )NP (PP at (NP (NP his record )NP (PP over (NP the last 15 years )NP )PP )NP )PP )NP (VP suggests (SBAR that (S (NP Mr. Bush )NP (VP has (VP *UNKED (NP his views )NP -- (PP on (NP (NP all sides )NP (PP of (NP the issue )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP 1974 )NP )PP , (PP as (NP (NP the U.S. representative )NP (PP to (NP the United *UNKC )NP )PP )NP )PP , (NP he )NP (VP wrote (NP (NP an introduction )NP (PP to (NP (NP a book )NP (PP on (NP world population )NP )PP )NP )PP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP he )NP (VP *UNKED (PP of (NP (NP his leadership )NP (PP during (NP (NP his term )NP (PP in (NP Congress )NP )PP )NP )PP (PP in (S (VP expanding (NP (NP *UNKING services )NP (PP for (NP the poor )NP )PP )NP )VP )S )PP )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (VP *UNKING (PP for (NP president )NP )PP (PP in (NP early 1980 )NP )PP )VP )S , (NP he )NP (VP was (ADVP also )ADVP (VP quoted (PP as (S (VP supporting (NP (NP federal funding )NP (PP for (NP abortions )NP )PP (UCP (PP in (NP (NP cases )NP (PP of (NP (NP rape )NP , (NP incest )NP )NP )PP )NP )PP and (S (VP to (VP save (NP (NP the life )NP (PP of (NP the mother )NP )PP )NP )VP )VP )S )UCP )NP )VP )S )PP )VP )VP . )S  STOP
(S (PP In (NP (NP his *UNKING Stone interview )NP (PP in (NP 1980 )NP )PP )NP )PP , (NP Mr. Bush )NP (VP *UNKED (NP his abortion-rights remarks )NP (S (VP to (VP contrast (NP himself )NP (PP with (NP (NP his rival )NP , (NP Ronald Reagan )NP )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP In (NP (NP addition )NP (PP to (S (VP supporting (NP (NP the *UNK (NAC *UNKC (PP vs. (NP *UNKC )NP )PP )NAC Supreme Court decision )NP (VP *UNKING (NP abortion )NP )VP )NP )VP )S )PP )NP )PP , (NP Mr. Bush )NP (VP said (SBAR (S (NP he )NP (VP opposed (NP (NP the constitutional ban )NP (PP on (NP abortion )NP )PP (SBAR (WHNP that )WHNP (S (NP Mr. Reagan )NP (VP was (VP promising (S (VP to (VP promote )VP )VP )S )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (PP As (NP (NP Mr. Reagan 's )NP running *UNK )NP )PP , (ADVP though )ADVP , (NP Mr. Bush )NP (VP plunged (ADVP *UNK )ADVP (PP into (NP the anti-abortion position )NP )PP , (S (VP *UNKING (NP (NP a constitutional amendment )NP (VP *UNKING (NP abortion )NP )VP )NP )VP )S )VP . )S  STOP
(S (NP He )NP (VP acknowledged (NP (NP (NP only one difference )NP (PP with (NP Mr. Reagan )NP )PP )NP -- (SBAR that (S (NP the amendment )NP (VP ought (S (VP to (VP have (NP (NP exceptions )NP (PP for (NP rape and incest )NP )PP (PP as well as (S (VP to (VP save (NP (NP a woman 's )NP life )NP )VP )VP )S )PP )NP )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (PP *UNKC (NP the early 1980s )NP )PP , (NP Mr. Bush )NP (VP was (VP quoted (S (VP (VP (ADVP sometimes )ADVP supporting (NP (NP federal funding )NP (PP for (NP abortion )NP )PP (PP in (NP (NP cases )NP (PP of (NP rape and incest )NP )PP )NP )PP )NP )VP and (VP (ADVP sometimes )ADVP opposing (NP it )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP In (NP April 1986 )NP )PP , (NP *UNK- President Bush )NP (VP had (S (NP his staff )NP (VP write (NP (NP a letter )NP (VP *UNKING (PRT out )PRT (SBAR (SBAR that (S (NP he )NP (VP would (VP support (NP (NP a constitutional amendment )NP (VP banning (NP abortions )NP (PP except (PP in (NP (NP cases )NP (PP of (NP (NP rape )NP , (NP incest )NP and (NP life *UNK )NP )NP )PP )NP )PP )PP )VP )NP )VP )VP )S )SBAR , but (SBAR that (S (NP he )NP (VP opposed (NP federal funding )NP (PP in (NP (NP all )NP (PP but (NP the latter case )NP )PP )NP )PP )VP )S )SBAR )SBAR )VP )NP )VP )S )VP . )S  STOP
(S (PP At (NP the GOP convention )NP )PP (NP last year )NP , (NP he )NP (ADVP again )ADVP (VP came (PRT out )PRT (PP for (NP (NP an amendment )NP (PP with (NP (NP exceptions )NP (PP for (NP (NP rape )NP , (NP incest )NP and (NP life *UNK )NP )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP His rhetoric )NP (VP gathered (NP momentum )NP (SBAR as (S (NP he )NP (VP rolled (PP into (NP office )NP )PP )VP , (S (VP *UNKING (NP his `` firm support (PP of (NP our cause )NP )PP '' )NP (PP during (NP (NP an anti-abortion rally )NP (PP (NP three days )NP after (NP (NP his *UNK )NP (NP last January )NP )NP )PP )NP )PP )VP )S )S )SBAR )VP . )S  STOP
(S (NP He )NP (ADVP again )ADVP (VP urged (NP (NP passage )NP (PP of (NP (NP a constitutional amendment )NP (VP *UNKING (NP abortion )NP )VP )NP )PP )NP )VP . )S  STOP
(S But (SBAR (WHADVP when )WHADVP (S (NP the high court )NP (VP ruled (PP in (NP the Webster case )NP )PP (PP in (NP July )NP )PP )VP )S )SBAR , (NP the president )NP (VP began (S (VP to (VP lower (NP the volume )NP )VP )VP )S )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP the ruling )NP (VP was (VP handed (PRT down )PRT )VP )VP )S )SBAR , (NP the *UNKING president )NP (VP (VP *UNKED (S (NP (NAC Chief (PP of (NP Staff )NP )PP )NAC John *UNKC )NP (VP to (VP issue (NP a statement )NP )VP )VP )S )VP and (VP refused (S (VP to (VP answer (NP questions )NP (NP himself )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP He )NP (VP did (ADVP later )ADVP (VP *UNK (NP *UNK )NP (PP (PP over (NP (NP legislation )NP (VP *UNKING (NP (NP the District (PP of (NP Columbia )NP )PP 's )NP right (S (VP to (VP use (NP its own tax money )NP (S (VP to (VP fund (NP (NP abortions )NP (PP for (NP poor women )NP )PP )NP )VP )VP )S )VP )VP )S )NP )VP )NP )PP and (PP over (S (VP *UNKING (NP funding )NP (PP to (NP the United *UNKC *UNKC Fund )NP )PP )VP )S )PP )PP )VP )VP . )S  STOP
(S But (PP in (NP (NP the months )NP (PP since (NP then )NP )PP )NP )PP , (SBAR while (S (VP trying (S (VP to (VP *UNK (PRT up )PRT (NP (NP support )NP (PP for (NP (NP other issues )NP -- (PP such as (NP an *UNKING constitutional amendment )NP )PP -- )NP )PP )NP )VP )VP )S )VP )S )SBAR (NP he )NP (VP has (VP *UNKED (PRT away )PRT (PP from (S (VP talking (PP about (NP abortion )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S (SBAR (WHNP What few comments )WHNP (S (NP he )NP (VP has (VP *UNKED )VP )VP )S )SBAR (VP have (VP been (ADJP *UNK )ADJP , (PP such as (S (VP urging `` (NP (NP greater efforts )NP (PP toward (NP (NP the protection )NP (PP of (NP human life )NP )PP )NP )PP )NP '' (PP at (NP (NP a meeting )NP (PP of (NP *UNKC lawyers )NP )PP (PP in (NP Boston )NP )PP (NP last month )NP )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S (NP The White House )NP (VP has (ADVP *UNK )ADVP (VP avoided (NP (NP any involvement )NP (PP in (NP (NP (NP Florida 's )NP recent special legislative session )NP (PP on (NP abortion )NP )PP , (SBAR (WHNP which anti-abortion forces )WHNP (S (VP had (VP regarded (PP as (NP (NP a key test )NP (PP of (NP their ability (S (VP to (VP get (S (NP state lawmakers )NP (VP to (VP *UNK (NP abortion restrictions )NP )VP )VP )S )VP )VP )S )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP The session )NP (VP failed (S (VP to (VP *UNK (NP any new *UNK )NP )VP )VP )S )VP . )S  STOP
(S (ADVP Now )ADVP , (NP some )NP (VP see (S (NP Mr. Bush )NP (VP *UNKED (PP in (NP (NP a position )NP (SBAR (S (NP he )NP (VP is (ADJP neither (ADJP comfortable (PP with )PP )ADJP nor (ADJP able (S (VP to (VP escape )VP )VP )S )ADJP )ADJP )VP )S )SBAR )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP head )NP (PP of (NP (NP the Republican *UNKC Committee )NP , (NP (NP a group )NP (PP of (NP party *UNK )NP )PP )NP , )NP )PP )NP )NP (VP *UNK : `` (S (NP The administration )NP (VP finds (NP itself )NP (PP in (NP (NP an *UNK *UNK de *UNK )NP (SBAR (WHNP that )WHNP (S (NP it )NP (VP will (VP find (S (NP (NP it )NP )NP (ADJP (ADJP difficult )ADJP (PRN -- (SBAR if (FRAG not (ADJP impossible )ADJP )FRAG )SBAR -- )PRN )ADJP (S (VP to (VP get (NP itself )NP (PP out (PP of )PP )PP )VP )VP )S )S )VP )VP )S )SBAR )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP (NP Christopher *UNKC 's )NP Oct. 13 *UNK- article )NP `` (PP *UNKC (NP More *UNKING *UNKC )NP )PP ... '' )NP (VP *UNK (NP the point )NP )VP . )S  STOP
(S (NP The 1989 (NAC Americans (PP With (NP *UNKC )NP )PP )NAC Act )NP (VP is (PP about (S (VP eliminating (NP *UNK barriers )NP )VP )S )PP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP we )NP (VP look (ADVP closely )ADVP (PP at (NP our own history )NP )PP )VP )S )SBAR , (NP (NP it )NP )NP (VP is (ADJP clear )ADJP (SBAR that (S (NP our (ADJP *UNKLY mandated )ADJP civil rights )NP (VP have (VP *UNKED (PP not (PP through (NP (NP the *UNK )NP (PP of (NP (NP people 's )NP *UNK )NP )PP )NP )PP but (PP through (NP (NP legislation )NP and (NP constitutional amendments )NP )NP )PP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP This )NP (VP is (SBAR (WHADVP how )WHADVP (S (NP American women )NP (VP won (NP the right (S (VP to (VP vote )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S And (NP it )NP (VP is (SBAR (WHADVP how )WHADVP (S (NP (NP *UNKC )NP and (NP other minority groups )NP )NP (VP were (VP guaranteed (NP (NP their equal rights )NP (PP as (NP (NP citizens )NP (PP in (NP this nation )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP (NP the (QP more than 43 million )QP Americans )NP (PP with (NP *UNK )NP )PP )NP )PP , (NP the 1989 (NAC Americans (PP With (NP *UNKC )NP )PP )NAC Act )NP (VP provides (NP the missing piece )NP )VP . )S  STOP
(S (NP *UNKED Americans )NP (VP have (VP had (S (NP their civil rights )NP (VP guaranteed (PP in (NP all (ADJP federally funded )ADJP programs )NP )PP )VP )S (SBAR since (S (NP Section *UNKN )NP (VP was (VP passed (PP as (NP (NP a part )NP (PP of (NP the 1973 *UNKC Act )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The 1989 act )NP (ADVP simply )ADVP (VP *UNK (NP these guarantees )NP (PP to (NP the private sector )NP )PP )VP . )S  STOP
(S (NP (NP Those )NP (SBAR (WHNP who )WHNP (S (VP fear (S (NP (NP a *UNK )NP (PP of (NP suits )NP )PP )NP (VP *UNKING (NP our legal system )NP )VP )S )VP )S )SBAR )NP (VP need (S (ADVP only )ADVP (VP look (PP at (NP (NP the record )NP (PP on (NP the *UNKC Act )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (PP Without (NP legal *UNK )NP )PP , (NP there )NP (VP are (NP (NP no guarantees )NP (PP of (NP civil rights )NP )PP (PP for (NP anyone )NP )PP )NP )VP . )S  STOP
(NP (NP John R. *UNKC )NP (NP (NP President )NP (NP National *UNKC *UNKC Society )NP )NP )NP  STOP
(S (NP Ford Motor Co. )NP (VP said (SBAR (S (NP it )NP (VP is (VP consolidating (NP (NP control )NP (PP of (NP its Asian operations )NP )PP )NP (PP under (NP (NP (NP a new organization )NP (ADVP here )ADVP )NP (SBAR (WHNP that )WHNP (S (VP will (VP be (VP headed (PP by (NP W. Wayne *UNKC )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Ford *UNKC )NP (VP will (VP (VP coordinate (NP (NP the activities )NP (PP of (NP (NP Ford subsidiaries )NP (PP in (NP (NP Japan )NP , (NP Australia )NP , (NP Taiwan )NP and (NP New Zealand )NP )NP )PP )NP )PP )NP )VP and (VP work (PP with (NP (NP Ford business associates )NP (PP throughout (NP the region )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP These functions )NP (VP are (ADVP currently )ADVP (VP performed (PP (PP out (PP of (NP *UNKC , Australia , )NP )PP )PP and (PP at (NP (NP (NP Ford 's )NP headquarters )NP (PP in (NP *UNKC , *UNKC )NP )PP )NP )PP )PP )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (NP (NP executive director )NP (PP of (NP (NP Ford 's )NP Latin America Automotive *UNKC )NP )PP (PP since (NP December 1988 )NP )PP )NP , )NP (VP was (VP named (S (NP (NP vice president )NP (PP of (NP Ford *UNKC )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC & *UNKC Co. )NP , (VP buoyed (PP by (NP (NP (ADJP improved )ADJP operating profit )NP (PP in (NP its tire segment )NP )PP )NP )PP )VP , )NP (VP reported (SBAR that (S (NP third-quarter net income )NP (VP rose (NP 11 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP the year-ago period )NP )PP , (NP Goodyear )NP (VP had (NP (NP net )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )NP )VP . )S  STOP
(S (NP Sales )NP (VP rose (ADVP slightly )ADVP (PP to (NP (QP $ *UNKN billion )QP )NP )PP , (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP Analysts )NP (VP had (NP (NP mixed responses )NP (PP to (NP the results )NP )PP )NP )VP . )S  STOP
(S (NP (NP Donald *UNKC )NP , (NP (NP an independent analyst )NP (PP in (NP (NP New *UNKC )NP , (NP Conn. )NP )NP )PP )NP , )NP (VP said (SBAR (S (NP he )NP (VP was `` (ADJP *UNKED (PP with (NP (NP the company 's )NP performance )NP )PP )ADJP )VP )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP results )NP (VP (VP were (ADJP (ADJP better )ADJP (SBAR than (S (NP he )NP (VP 'd (VP expected )VP )VP )S )SBAR )ADJP )VP and (VP indicate (SBAR that (S (NP Goodyear )NP (VP is (PP in (NP (NP the midst )NP (PP of (NP (NP a turnaround )NP (PP from (NP (NP a string )NP (PP of (NP (NP lackluster quarters )NP (SBAR (WHNP that )WHNP (S (VP have (VP *UNKED (NP the company )NP (PP for (NP a year )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP However )ADVP , (NP (NP Harry *UNKC )NP , (NP (NP an analyst )NP (PP at (NP (NP McDonald & Co. )NP , (NP Cleveland )NP )NP )PP )NP , )NP (VP said (SBAR (S (NP (NP Goodyear 's )NP results )NP `` (VP fell (PP at (NP (NP the bottom )NP '' (PP of (NP (NP his range )NP (PP of (NP estimates )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP Excluding (NP (NP (NP an increase )NP (PP in (NP the tax rate )NP )PP )NP and (NP (NP the effects )NP (PP of (NP foreign currency *UNK )NP )PP )NP )NP )PP , (NP Mr. *UNKC )NP (VP said (SBAR (S (NP (NP the company 's )NP results )NP `` (VP were (ADVP still )ADVP (ADJP (NP a little )NP disappointing )ADJP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP (NP Goodyear 's )NP stock )NP , (SBAR (WHNP which )WHNP (S (VP has (VP been (ADJP weak )ADJP (PP in (NP recent weeks )NP )PP )VP )VP )S )SBAR , )NP (VP fell (NP $ *UNKN )NP (NP yesterday )NP (S (VP to (VP close (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP )VP )VP )S (PP in (NP (NP composite trading )NP (PP on (NP the New York Stock Exchange )NP )PP )NP )PP )VP . )S  STOP
(S (NP The (ADJP *UNKC , *UNKED )ADJP company )NP (VP said (SBAR (S (NP (NP pretax operating income )NP (PP in (NP its tire segment )NP )PP )NP (VP jumped (NP (QP about 31 )QP % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP , (S (VP reflecting (NP (NP improvements )NP (PP in (NP (NP raw material costs )NP , (NP (NP sales )NP (PP of (NP replacement *UNK )NP )PP )NP and (NP pricing )NP )NP )PP )NP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP McDonald 's )NP Mr. *UNKC )NP (VP said (SBAR (S (NP Goodyear )NP (VP appeared (S (VP to (VP have (VP held or gained (NP (NP some market share )NP (PP in (NP the U.S. )NP )PP )NP (PP for (NP (NP the first time )NP (PP since (NP (NP the second quarter )NP (PP of (NP 1988 )NP )PP )NP )PP )NP )PP )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S But (NP Goodyear )NP (VP said (SBAR (S (NP total U.S. tire unit sales )NP (VP were (ADVP off (NP (QP about 2 )QP % )NP )ADVP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Total tire segment sales )NP (VP were (ADVP up (NP (QP only about 1 )QP % )NP (PP to (NP (QP $ 2.2 billion )QP )NP )PP )ADVP )VP )S , and (S (NP the company )NP (VP said (SBAR (S (NP it )NP (VP reduced (NP manufacturing levels )NP (PP at (NP (NP some )NP (PP of (NP its U.S. tire plants )NP )PP )NP )PP (PP because of (NP (NP inventory adjustments )NP and (NP (NP *UNKED production )NP (PP by (NP auto makers )NP )PP )NP )NP )PP )VP )S )SBAR )VP )S . )S  STOP
(S (PP In (NP the latest quarter )NP )PP , (NP (NP Goodyear 's )NP tax rate )NP (VP was (NP 51 % )NP (PP compared (PP with (NP (NP 41 % )NP (ADVP (NP a year )NP earlier )ADVP )NP )PP )PP )VP . )S  STOP
(S (PP As (NP a result )NP )PP , (NP total tax outlays )NP (VP were (NP (QP $ *UNKN million )QP )NP , (PP compared (PP with (NP (NP (QP $ *UNKN million )QP )NP (ADVP (NP the year )NP earlier )ADVP )NP )PP )PP )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP profit )NP (VP *UNKED (NP (QP about 35 )QP % )NP , (S (VP reflecting (NP (NP (NP charges )NP (VP taken (PP in (NP (NP this year 's )NP second quarter )NP )PP )VP )NP and (NP (NP the effect )NP (PP of (NP (NP *UNK )NP (PP of (NP weaker foreign currencies )NP )PP (PP into (NP the stronger U.S. dollar )NP )PP )NP )PP )NP )NP )VP )S )VP . )S  STOP
(S (NP Net )NP (VP was (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (PP compared (PP with (NP (NP net )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP , (NP (NP the year )NP (ADVP earlier )ADVP )NP )NP )PP )PP )VP . )S  STOP
(S (NP The latest nine months )NP (VP included (NP (NP charges )NP (PP of (NP (QP $ 95 million )QP )NP )PP (VP related (PP to (NP (NP (NP the company 's )NP (ADJP South African )ADJP subsidiary )NP and (NP (NP *UNKED *UNK )NP (VP sold (PP by (NP its crude oil pipeline unit )NP )PP )VP )NP )NP )PP )VP )NP )VP . )S  STOP
(S (NP Sales )NP (VP rose (NP (QP nearly 2 )QP % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ 7.98 billion )QP )NP )PP )VP . )S  STOP
(S (NP Environmental Control Group Inc. )NP (VP said (SBAR (S (NP it )NP (VP expects (S (VP to (VP report (NP (NP (NP `` minimal '' earnings )NP or (NP a loss )NP )NP (PP for (NP the third quarter )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The environmental services company )NP (VP said (SBAR that (S (NP (NP (NP the *UNK )NP (PP of (NP unsuccessful product lines )NP )PP )NP and (NP (NP an increase )NP (PP in (NP *UNK reserves )NP )PP )NP )NP (ADVP probably )ADVP (VP will (VP result (PP in (NP (NP (NP charges )NP (PP of (NP (QP $ 2.5 million to $ 4 million )QP )NP )PP )NP , (SBAR (WHNP (WHNP most )WHNP (WHPP of (WHNP which )WHNP )WHPP )WHNP (S (VP will (VP be (VP taken (PP against (NP third-quarter results )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP the year-ago quarter )NP )PP , (NP the company )NP (VP reported (NP (NP earnings )NP (PP of (NP (NP (QP $ 2.2 million )QP )NP , or (NP (NP 35 cents )NP (NP a share )NP )NP )NP )PP )NP )VP . )S  STOP
(S (NP Former USX Corp. Chairman David M. Roderick )NP (VP may (VP have (VP been (ADJP lucky (SBAR (S (NP he )NP (VP retired (NP last May )NP )VP )S )SBAR )ADJP )VP )VP )VP . )S  STOP
(S (SBAR As (S (NP he )NP (VP handed (PRT over )PRT (NP the *UNK )NP (PP to (NP successor Charles A. Corry )NP )PP )VP )S )SBAR , (NP steel profits )NP (VP were (ADVP close (PP to (NP a cyclical peak )NP )PP )ADVP )VP . )S  STOP
(S (S (SBAR Though (S (NP imports )NP (VP were (ADJP *UNK )ADJP )VP )S )SBAR , (NP they )NP (VP were n't (VP running (ADVP away )ADVP (PP with (NP the market )NP )PP )VP )VP )S , and (S (NP American companies )NP (VP had (NP high hopes (SBAR that (S (NP steel import quotas )NP (VP would (VP be (VP extended (PP for (NP another five years )NP )PP )VP )VP )VP )S )SBAR )NP )VP )S . )S  STOP
(S (ADJP Perhaps most important )ADJP , (NP (NP Carl Icahn )NP , (SBAR (WHNP who )WHNP (S (VP had (ADVP once )ADVP (VP threatened (NP a hostile takeover bid )NP )VP )VP )S )SBAR , )NP (VP was (VP *UNKED )VP )VP . )S  STOP
(S (NP (NP He )NP and (NP Mr. Roderick )NP )NP (VP were (ADVP even )ADVP (VP *UNKING (PRT out )PRT (ADVP together )ADVP )VP )VP . )S  STOP
(S (NP Today )NP , (NP Mr. Corry )NP (VP *UNK (PP over (NP (NP a company )NP (SBAR (WHNP whose *UNK )WHNP (S (VP have (VP changed (ADVP *UNKLY )ADVP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (S (NP (NP Mr. Icahn )NP , (NP (NP the company 's )NP (ADJP *UNKED )ADJP , *UNK *UNK )NP , )NP (ADVP recently )ADVP (VP disclosed (SBAR that (S (NP he )NP (VP had (VP raised (NP his USX stake )NP (PP to (NP 13.1 % )NP )PP )VP )VP )S )SBAR )VP )S , and (S (NP he )NP (ADVP again )ADVP (VP threatened (NP a takeover )NP )VP )S . )S  STOP
(S (NP (NP A battle )NP (PP with (NP Mr. Icahn )NP )PP )NP (VP would (VP *UNK (NP even the (ADJP most *UNKED )ADJP chief executive )NP , (S (VP to (VP say (NP (NP nothing )NP (PP of (NP (NP one )NP (SBAR (WHNP who )WHNP (S (VP took (NP the *UNK )NP (ADVP (NP (QP less than five )QP months )NP ago )ADVP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP (NP (NP USX 's )NP giant steel segment )NP , (VP representing (NP (NP 34 % )NP (PP of (NP its 1988 sales )NP )PP )NP )VP , )NP (VP is (VP facing (NP (NP (NP *UNKING demand )NP and (NP slipping prices )NP )NP (CONJP as well as )CONJP (NP (NP increasing competition )NP (PP from (NP (NP foreign steelmakers )NP and (NP low-cost *UNK )NP )NP )PP )NP )NP )VP )VP . )S  STOP
(S (S (NP The import quotas )NP (VP got (NP only a (ADJP 2 *UNK- )ADJP extension )NP )VP )S , and (S (NP USX )NP (VP is (VP *UNKING (PP under (NP a *UNKING (ADJP (QP $ 5.8 billion )QP )ADJP debt )NP )PP (PP at (NP (NP a time )NP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP must (VP spend (NP money )NP (S (VP to (VP (VP *UNK (NP steel mills )NP )VP and (VP drill (PP for (NP oil )NP )PP )VP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP )S . )S  STOP
(SINV `` (S (NP It )NP (VP 's (NP (NP a *UNK )NP (PP of (NP fire )NP )PP )NP (PP for (NP Corry )NP )PP )VP )S , '' (VP says )VP (NP one USX executive )NP . )SINV  STOP
(S (NP The *UNKING question )NP (VP is (SBAR whether (S (NP the new chief )NP (VP can (VP *UNK (NP Mr. Icahn )NP (PP without (S (VP being (VP pushed (PP into (NP *UNK moves )NP )PP )VP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Corry )NP (VP might (VP have (S (VP to (VP *UNK (NP the company )NP (ADVP (ADVP more )ADVP (SBAR than (S (NP he )NP (VP wants (S (VP to )VP )S )VP )S )SBAR )ADVP )VP )VP )S )VP )VP . )S  STOP
(S Or (NP he )NP (VP might (VP have (S (VP to (VP *UNK (NP (NP a huge expense )NP (PP of (S (VP either (VP buying (NP (NP Mr. Icahn 's )NP stock )NP , (PP (ADVP possibly )ADVP at (NP a premium )NP )PP )VP , or (VP paying (NP stockholders )NP (NP a special dividend )NP (PP (ADVP partly )ADVP because of (NP (NP Mr. Icahn 's )NP pressure )NP )PP )VP )VP )S )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP With (NP (NP his recent purchases )NP (PP of (NP USX common stock )NP )PP )NP )PP , (NP Mr. Icahn )NP (VP *UNKED (NP (NP a *UNK- , *UNK standstill agreement )NP (PP with (NP Mr. Roderick )NP )PP )NP )VP . )S  STOP
(S (PP In (NP 1986 )NP )PP , (NP Mr. Roderick )NP (ADVP *UNKLY )ADVP (VP *UNKED (NP (NP Mr. Icahn 's )NP first *UNK )NP (SBAR after (S (NP the takeover specialist )NP (VP had (VP built (PRT up )PRT (NP an (ADJP *UNKN % )ADJP stake )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Roderick )NP (VP did (ADVP so )ADVP (PP by (NP (S (VP having (S (NP USX )NP (VP redeem (NP (NP a series )NP (PP of (NP guaranteed notes )NP )PP )NP )VP )S )VP )S , (NP (NP a move )NP (SBAR (WHNP that )WHNP (S , (PP in (NP effect )NP )PP , (VP raised (NP (NP the cost )NP (PP of (NP a (ADJP (QP $ *UNKN billion )QP )ADJP Icahn bid )NP )PP )NP (PP by (NP (QP about $ 3 billion )QP )NP )PP )VP )S )SBAR )NP )NP )PP )VP . )S  STOP
(S And (NP he )NP (VP managed (S (VP to (VP (VP fend (PRT off )PRT (NP further advances )NP )VP and (VP (ADVP even )ADVP strike (PRT up )PRT (NP (NP an unlikely *UNK )NP (PP with (NP the *UNK )NP )PP )NP )VP )VP )VP )S )VP . )S  STOP
(S (PP Over (NP (NP *UNK )NP (PP at (NP (NP New York 's )NP *UNKC Club and *UNKC Club restaurants )NP )PP )NP )PP , (NP (NP the steel executive )NP and (NP the big investor )NP )NP (VP talked (NP (NP steel )NP , (NP international trade )NP and (NP *UNKED *UNK )NP )NP )VP . )S  STOP
(S (NP (NP Mr. Corry )NP , (SBAR (WHNP who )WHNP (S (VP has (VP *UNKED (PRT up )PRT (PP on (NP corporate *UNK )NP )PP (PP by (S (VP reading (NP (NP T. *UNKC *UNKC 's )NP *UNK )NP )VP )S )PP )VP )VP )S )SBAR , )NP (VP had (VP hoped (SBAR (S (NP the *UNK )NP (VP would (VP continue )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP He )NP (VP was (ADJP *UNKED (PRN , (S (NP associates )NP (VP say )VP )S , )PRN (S (VP to (VP learn (PP of (NP (NP Mr. Icahn 's )NP new takeover threat )NP )PP )VP )VP )S )ADJP )VP . )S  STOP
(S -LRB- (NP Both men )NP (VP declined (S (VP to (VP be (VP interviewed (PP for (NP this article )NP )PP )VP )VP )VP )S )VP . -RRB- )S  STOP
(S But (NP the (ADJP fiercely competitive )ADJP Mr. Corry )NP (ADVP quickly )ADVP (VP showed (SBAR (S (NP he )NP (VP 's (NP no *UNK )NP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP (VP *UNKED (PP with (NP directors )NP )PP (PP at (NP a special meeting )NP )PP (ADVP (NP two weeks )NP ago )ADVP )VP and (VP tried (S (VP to (VP block (NP his *UNK )NP )VP )VP )S )VP )VP . )S  STOP
(S (SBAR Although (S (NP the board )NP (VP believed (SBAR that (S (NP Mr. Icahn )NP (VP is (ADJP (ADJP more interested (PP in (S (VP talking (NP the stock price )NP (ADVP higher )ADVP )VP )S )PP )ADJP (PP than (S (VP acquiring (NP USX )NP )VP )S )PP )ADJP )VP )S )SBAR )VP )S )SBAR , (NP it )NP (VP adopted (NP (NP a *UNK- defense )NP , (SBAR (S (VP to (VP be (VP *UNKED (SBAR if (S (NP anyone )NP (VP *UNK (NP a (ADJP 15 % )ADJP stake )NP )VP )S )SBAR )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP Now )ADVP , (NP it )NP (VP 's (NP (NP Mr. Icahn 's )NP move )NP )VP . )S  STOP
(SQ Will (NP he )NP (VP try (S (VP to (VP (VP gain (NP (NP (NP a seat )NP (PP on )PP )NP or (NP (NP control )NP (PP of )PP )NP (NP the board )NP )NP )VP and (VP force (NP (NP a radical split )NP (PP of (NP USX )NP )PP (PP into (NP separate oil and steel companies )NP )PP )NP )VP )VP )VP )S )VP ? )SQ  STOP
(SQ (PP Given (NP (NP the weakness )NP (PP of (NP the junk-bond market )NP )PP )NP )PP , can (NP he )NP (VP finance (NP a buy-out )NP )VP ? )SQ  STOP
(S (NP Mr. Icahn )NP (VP may not (VP want (S (VP to (VP sell (PRT out )PRT )VP )VP )S (SBAR unless (S (NP he )NP (VP can (VP get (NP (NP (NP a special dividend )NP (ADJP similar (PP to (NP (NP one )NP (SBAR (S (NP he )NP (VP received (PP before (S (VP selling (NP (NP his stake )NP (PP in (NP Texaco Inc. )NP )PP )NP (PP in (NP June )NP )PP )VP )S )PP )VP )S )SBAR )NP )PP )ADJP )NP -- (NP (NP a coup )NP (SBAR (WHNP that )WHNP (S (VP gave (NP him )NP (NP (NP enough cash )NP (SBAR (S (VP to (VP make (NP his USX move )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )NP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S And (SBAR although (S (NP (NP the recent turmoil )NP (PP in (NP the stock and junk-bond markets )NP )PP )NP , (PP by (S (VP making (S (NP (NP it )NP )NP (ADJP harder )ADJP (S (VP to (VP *UNK (NP takeover financing )NP )VP )VP )S )S )VP )S )PP , (VP has (VP eased (NP (NP some )NP (PP of (NP (NP the pressure )NP (PP on (NP Mr. Corry )NP )PP )NP )PP )NP )VP )VP )S )SBAR , (NP it )NP (VP does n't (VP end (NP the takeover threat )NP )VP )VP . )S  STOP
(S `` (S (NP I )NP (VP know (SBAR (S (NP it )NP (VP 's not (ADVP over )ADVP )VP )S )SBAR )VP )S , '' (NP a *UNKED Mr. Corry )NP (VP acknowledged (SBAR while (S (VP (VP *UNKING (NP steel suppliers )NP (PP in (NP New York )NP )PP (PP on (NP Oct. 12 )NP )PP )VP and (VP *UNKING (NP them )NP (PP to (NP (NP a *UNK )NP (PP of (NP *UNK and *UNK )NP )PP (PP in (NP (NP honor )NP (PP of (NP (NP *UNKC Steel Ltd. )NP , (NP (NP (NP USX 's )NP partner )NP (PP in (NP (NP a steel mill )NP (PP in (NP *UNKC , Ohio )NP )PP )NP )PP )NP )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP fact )NP )PP , (NP it )NP (VP 's (ADVP barely )ADVP (VP begun (PP for (NP (NP Mr. Corry )NP , (SBAR (WHNP who )WHNP (S (VP faces (NP tough decisions )NP (SBAR before (S (NP he )NP (VP has (VP had (NP a chance (S (VP to (VP get (VP settled (PP into (NP his new job )NP )PP )VP )VP )VP )S )NP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP He )NP (VP 's (PP in (NP a vulnerable position )NP )PP (SBAR because (S (NP he )NP (VP has n't (VP established (NP much credibility )NP (PP on (NP his own )NP )PP )VP )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a securities analyst )NP (PP at (NP PaineWebber Inc )NP )PP )NP )NP . )SINV  STOP
(S (NP The *UNK- tax attorney )NP (ADVP never )ADVP (VP (ADVP even )ADVP *UNKED (PP to (NP (NP the job )NP (PP of (NP chief executive )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP (NP An *UNKED college student )NP (SBAR (WHNP who )WHNP (S (VP *UNKED (PP in (NP *UNK )NP )PP (SBAR until (S (NP he )NP (VP concluded (SBAR that (S (NP he )NP (VP could n't (VP stand (VP cutting (PRT up )PRT (NP *UNK )NP )VP )VP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )NP )S , (NP Mr. Corry )NP (VP wanted (S (VP to (VP work (PP for (NP (NP a big company )NP `` (SBAR (WHNP that )WHNP (S (VP could (VP do (NP big things )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP . '' )S  STOP
(S But (PP after (S (VP joining (NP (NP the tax department )NP (PP of (NP a USX subsidiary )NP )PP )NP (ADVP (NP 30 years )NP ago )ADVP )VP )S )PP , (NP he )NP (VP set (NP (NP the modest goal )NP (PP of (S (VP becoming (NP tax manager )NP (PP by (NP (NP the age )NP (PP of (NP 46 )NP )PP )NP )PP )VP )S )PP )NP )VP . )S  STOP
(S (PP For (NP years )NP )PP , (NP he )NP (ADVP quietly )ADVP (VP stuck (PP to (NP the back accounting rooms )NP )PP , (S (VP wearing (NP a *UNK )NP (PP to (NP work )NP )PP (SBAR because (S (NP (NP everyone )NP (ADJP else )ADJP )NP (VP did )VP )S )SBAR )VP )S )VP . )S  STOP
(S `` (S (NP I )NP (VP was (ADVP never )ADVP (NP a *UNK )NP )VP )S , '' (NP he )NP (VP said (PP in (NP an earlier interview )NP )PP )VP . )S  STOP
(S `` (NP I )NP (VP do n't (VP think (SBAR (S (NP (NP most )NP (PP of (NP (NP the people )NP (SBAR (WHNP that )WHNP (S (VP have (VP been (PP around (NP me )NP )PP )VP )VP )S )SBAR )NP )PP )NP (VP would (ADVP ever )ADVP (VP say (SBAR (S (NP they )NP (VP 've (VP seen (S (NP me )NP (VP (VP pound (NP the table )NP )VP or (VP get (ADJP angry )ADJP )VP )VP )S )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (ADVP Yet )ADVP , (NP the *UNKING Mr. Corry )NP (VP helped (S (VP chart (NP (NP (NP USX 's )NP transition )NP (PP from (NP Big Steel )NP )PP (PP to (NP Big Oil )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP He )NP (VP served (PP as (NP (NP Mr. Roderick 's )NP front man )NP )PP (PP in (NP (NP *UNK negotiations )NP (PP for (NP (NP the 1982 purchase )NP (PP of (NP *UNKC Oil )NP )PP (PP for (NP (QP $ 5.9 billion )QP )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (ADVP Nevertheless )ADVP , (NP Mr. Corry )NP , (SBAR once (S (VP named (S (NP chief executive )NP )S )VP )S )SBAR , (VP did n't (VP waste (NP any time )NP (S (VP *UNKING (NP himself )NP (PP from (NP (NP his former boss )NP , (SBAR (WHNP who )WHNP (S (ADVP still )ADVP (VP has (NP (NP an office )NP (PP on (NP (NP the *UNK floor )NP (PP of (NP (NP the USX tower )NP (PP in (NP Pittsburgh )NP )PP )NP )PP )NP )PP )NP )VP )S )SBAR )NP )PP )VP )S )VP )VP . )S  STOP
(S (PP (ADVP Soon )ADVP after (S (VP taking (PRT over )PRT (NP last June )NP )VP )S )PP , (NP Mr. Corry )NP (VP (VP *UNKED (NP (NP a pay cut )NP (VP imposed (PP on (NP *UNK workers )NP )PP )VP )NP )VP , (NP (NP a move )NP (SBAR (WHNP that )WHNP (S (NP Mr. Roderick )NP (VP had n't (VP made (PP in (NP (NP *UNK )NP (PP of (NP improved earnings )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Mr. Corry )NP (ADVP also )ADVP (VP ruled (SBAR that (S (NP all board meetings )NP (VP would (VP be (VP held (PP in (NP (NP Pittsburgh )NP (CONJP instead of )CONJP (NP (NP New York )NP or (NP (NP *UNKC , Ohio )NP , (NP (NP *UNKC 's )NP home )NP )NP )NP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S And , (NP earlier this month )NP , (NP he )NP (VP announced (NP (NP the sale )NP (PP of (NP (NP the reserves )NP (PP of (NP (NP Texas Oil & Gas )NP , (SBAR (WHNP which )WHNP (S (VP (VP was (VP acquired (ADVP (NP three years )NP ago )ADVP )VP )VP and (VP has n't (VP posted (NP any significant operating profits )NP (ADVP since )ADVP )VP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP One former executive )NP (VP says , `` (S (NP (NP Nobody )NP )NP (VP wanted (NP that deal )NP (PP inside (NP USX )NP )PP (PP except (NP (NP Dave Roderick )NP , '' (SBAR (WHNP who )WHNP (S (VP was (NP (NP a *UNKING and fishing *UNK )NP (PP of (NP (NP William L. *UNKC )NP , (NP (NP chairman )NP (PP of (NP Texas Oil & Gas )NP )PP )NP )NP )PP )NP )VP )S )SBAR )NP )PP )VP )S )VP . )S  STOP
(S (NP The executive )NP (VP recalls (S (NP Mr. Corry )NP (VP *UNKING (PP to (NP him and others )NP )PP , `` (S (S (VP *UNKC )VP )S , (S (NP this )NP (VP was (NP (NP Dave 's )NP deal )NP )VP )S )S )VP )S )VP . '' )S  STOP
(S (SBAR (WHNP What )WHNP (S (VP *UNKED (NP many USX executives and shareholders )NP )VP )S )SBAR (VP was (SBAR that (S (NP (NP the acquisition )NP , (PP for (NP (NP (QP $ 3 billion )QP )NP (PP of (NP stock )NP )PP )NP )PP , )NP (VP (VP doubled (NP (NP the USX shares )NP (ADJP outstanding )ADJP )NP )VP and (VP (ADVP considerably )ADVP diluted (NP them )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (VP 's (ADJP more )ADJP )VP )S )SBAR , (NP the takeover )NP (VP occurred (SBAR (SBAR as (S (NP *UNK- prices )NP (VP were (VP falling )VP )VP )S )SBAR and (SBAR just as (S (NP Texas Oil & Gas )NP (VP reported (NP (NP its first annual loss )NP (PP in (NP 28 years )NP )PP )NP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP Mr. Corry )NP (VP expected (S (NP the Texas Oil & Gas sale )NP (VP to (VP *UNK (NP Mr. Icahn )NP (PP by (S (VP *UNKING (NP (NP his concern )NP (PP about (S (VP boosting (NP shareholder value )NP )VP )S )PP )NP )VP )S )PP )VP )VP )S )VP . )S  STOP
(S But (SBAR (WHADVP when )WHADVP (S (NP the two men )NP (VP met (PP in (NP New York )NP )PP (SBAR (NP a day )NP after (S (NP Mr. Icahn )NP (VP disclosed (NP (NP the rise )NP (PP in (NP his USX stake )NP )PP )NP )VP )S )SBAR )VP )S )SBAR , (NP Mr. Corry )NP (VP learned (SBAR that (S (NP Mr. Icahn )NP (VP wanted (S (NP him )NP (VP to (VP sell (NP (NP (NP all )NP (PP of (NP Texas Oil )NP )PP )NP -- (NP (CONJP not just )CONJP (NP (NP its reserves )NP (PP of (NP (ADVP about )ADVP (NP (NP (QP 1.2 trillion )QP cubic feet )NP (PP of (NP natural gas )NP )PP )NP and (NP (NP (QP 28 million )QP barrels )NP (PP of (NP oil )NP )PP )NP )NP )PP )NP (CONJP but also )CONJP (NP its pipeline , *UNKING and *UNKING operations )NP )NP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP would (VP leave (NP USX )NP (PP with (NP (NP *UNKC )NP , (NP its steel mills )NP and (NP (NP its diversified business segment )NP , (SBAR (WHNP which )WHNP (S (VP includes (PRN , (PP among (NP other things )NP )PP , )PRN (NP *UNK and transportation products )NP )VP )S )SBAR )NP )NP )PP )VP )VP . )S  STOP
(S (NP Some )NP (VP speculate (SBAR that (S (NP Mr. Corry )NP (VP would (VP agree (SBAR if (S (NP he )NP (VP could (VP find (NP a buyer )NP (PP at (NP the right price )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The problem )NP (VP is (SBAR that (S (NP Mr. Icahn )NP (VP is (VP pushing (S (NP him )NP (VP to (VP move (ADVP (ADVP (ADVP faster )ADVP and (ADVP further )ADVP )ADVP )ADVP (PP in (S (VP restructuring (NP USX )NP )VP )S )PP (SBAR than (S (NP Mr. Corry )NP (VP had (VP planned )VP )VP )S )SBAR )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Icahn )NP (VP has (ADVP long )ADVP (VP believed (PRN , (S (NP associates )NP (VP say )VP )S , )PRN (SBAR that (S (NP (NP the company )NP , (SBAR (WHNP whose 1988 sales )WHNP (S (VP totaled (NP (QP $ *UNKN billion )QP )NP )VP )S )SBAR , )NP (VP is (PP worth (NP (NP $ 70 )NP (NP a share )NP )NP )PP (SBAR if (S (VP broken (PRT up )PRT )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The stock )NP (VP closed (NP yesterday )NP (PP at (NP $ *UNKN )NP )PP , (S (VP giving (NP (NP Mr. Icahn 's )NP (QP *UNKN million )QP shares )NP (NP (NP a value )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP )VP )S )VP . )S  STOP
(S (S (NP Mr. Icahn )NP (VP advocates (NP (NP the sale )NP (PP of (NP (NP the company 's )NP steel operations )NP )PP )NP )VP )S , and (S (NP Mr. Corry )NP (VP does n't (ADVP necessarily )ADVP (VP disagree )VP )VP )S . )S  STOP
(S (S (PP Unlike (NP (NP his predecessor )NP , (SBAR (WHNP who )WHNP (S (VP saw (NP steel )NP (PP as (NP (NP America 's )NP *UNK )NP )PP )VP )S )SBAR , )NP )PP (NP Mr. Corry )NP (VP tends (S (VP to (VP view (NP it )NP (PP as (NP (NP a (ADJP *UNKING and *UNK- )ADJP business )NP (PP with (NP limited potential )NP )PP )NP )PP )VP )VP )S )VP )S , (NP associates )NP (VP say )VP . )S  STOP
(S (PP In (NP the past five years )NP )PP , (NP USX )NP (VP has (VP turned (NP steel )NP (PP into (NP a profit maker )NP )PP (PP by (S (VP (VP closing (NP several plants )NP )VP and (VP reducing (NP labor costs )NP )VP )VP )S )PP )VP )VP . )S  STOP
(S But (NP the short-term outlook )NP (VP is (ADJP *UNK- )ADJP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP is n't (ADJP surprising )ADJP (SBAR that (S (NP Messrs. Roderick and Corry )NP (VP view (NP steel )NP (ADVP so differently )ADVP )VP )S )SBAR )VP . )S  STOP
(S (SBAR While (S (NP Mr. Roderick )NP (VP was (VP *UNKED (PP in (NP (NP the *UNK )NP (PP of (NP (NP Pittsburgh 's )NP smoking mills )NP )PP )NP )PP )VP )VP )S )SBAR , (NP Mr. Corry )NP (VP grew (PRT up )PRT (PP in (NP (NP Cincinnati )NP , (NP (NP a city )NP (UCP (VP *UNKED `` (NP *UNKC )NP '' )VP and (ADJP (ADJP more *UNKED (PP to (NP *UNK *UNK )NP )PP )ADJP (PP than (NP *UNK iron )NP )PP )ADJP )UCP )NP )NP )PP )VP . )S  STOP
(S (NP He )NP (VP has (ADVP never )ADVP (VP (VP met (NP (NP *UNKC Williams )NP , (NP (NP the president )NP (PP of (NP the United *UNKC union )NP )PP )NP )NP )VP , and (VP is n't (ADJP active )ADJP (PP in (NP (NP (NP the industry 's )NP main trade group )NP , (NP (NP the American Iron and Steel Institute )NP , (SBAR (WHNP which )WHNP (S (NP Mr. Roderick )NP (VP served (PP as (NP chairman )NP )PP )VP )S )SBAR )NP )NP )PP )VP )VP )VP . )S  STOP
(S `` (S (S (NP Dave )NP (VP thought (SBAR (S (NP the country )NP (VP needed (NP a strong U.S. Steel )NP )VP )S )SBAR )VP )S and , (S (SBAR while (S (NP *UNKC )NP (VP agreed )VP )S )SBAR , (NP he )NP (VP was (ADJP more *UNK (S (VP to (VP say , ` (FRAG Not (PP at (NP (NP any cost )NP (PP to (NP shareholders )NP )PP )NP )PP )FRAG , ' )VP )VP )S )ADJP )VP )S )S '' (NP a former executive )NP (VP says )VP . )S  STOP
(S (ADVP Indeed )ADVP , (NP Mr. Corry )NP , (PP at (NP an August press conference )NP )PP , (VP talked (PP about (S (VP investing (PP in (NP steel )NP )PP (ADVP (ADVP (ADVP as long )ADVP (SBAR as (S (NP it )NP (VP provides (NP a good return )NP )VP )S )SBAR )ADVP and `` (ADVP (NP not a day )NP longer )ADVP )ADVP )VP )S )PP )VP . '' )S  STOP
(S (ADVP However )ADVP , (S (S (VP *UNKING (NP steel )NP )VP )S (VP would (VP run (ADVP directly counter (PP to (NP (NP (NP (NP Mr. Roderick 's )NP original *UNK )NP (PP for (S (VP *UNKING (PP into (NP oil and gas )NP )PP )VP )S )PP )NP )NP )PP )ADVP )VP )VP )S : (S (S (VP Having (NP two major products )NP )VP )S (VP would (VP (VP *UNK (NP (NP (NP the company 's )NP *UNK )NP (PP to (NP (NP one market 's )NP down cycle )NP )PP )NP )VP and (VP help (S (VP smooth (PRT out )PRT (NP (NP the flow )NP (PP of (NP cash and earnings )NP )PP )NP )VP )S )VP )VP )VP )S . )S  STOP
(SBAR As (S (NP Mr. Roderick )NP (ADVP once )ADVP (VP said : `` (S (S (NP We )NP (VP 're (NP a *UNK- company )NP )VP )S and , (INTJ *UNK )INTJ , (S (SBAR if (S (NP you )NP (VP ca n't (VP figure (PRT out )PRT (NP (NP the value )NP (PP of (NP those two parts )NP )PP )NP )VP )VP )S )SBAR , (NP you )NP (VP are (ADJP so *UNK *UNK (SBAR that (S (NP you )NP (VP do n't (VP *UNK (PP on (NP Wall Street )NP )PP )VP )VP )S )SBAR )ADJP )VP )S )S )VP )S . '' )SBAR  STOP
(S (ADVP Moreover )ADVP , (NP the opportunity (S (VP to (VP sell (NP steel )NP (PP at (NP (NP a price )NP (ADJP acceptable (PP to (NP USX )NP )PP )ADJP )NP )PP )VP )VP )S )NP (VP may (VP be (VP gone , (PP for (ADVP now )ADVP )PP )VP )VP )VP . )S  STOP
(S `` (S (NP (NP The time )NP )NP (VP has (VP passed (SBAR for (S (NP us )NP (VP to (VP spin (PRT off )PRT (NP steel )NP , '' (PP either (PP in (NP a public offering )NP )PP or (PP to (NP a buyer )NP )PP )PP )VP )VP )S )SBAR )VP )VP )S , (NP one executive )NP (VP contends )VP . )S  STOP
(S (S (NP (NP About the only way )NP (SBAR that (S (NP USX )NP (ADVP now )ADVP (VP can (VP get (PP out (PP of (NP steel )NP )PP )PP )VP )VP )S )SBAR )NP (VP is (S (VP to (VP *UNK (NP it )NP (PRT out )PRT , (NP (NP piece )NP (PP by (NP piece )NP )PP )NP , (PP in (NP separate joint ventures )NP )PP )VP )VP )S )VP )S , (NP he )NP (VP adds )VP . )S  STOP
(S (PP With (S (NP Mr. Icahn )NP (VP *UNKING (PP down (NP his neck )NP )PP )VP )S )PP , (ADVP however )ADVP , (NP Mr. Corry )NP (VP may (VP have (NP little choice (SBAR but (S (VP to (VP sell (PP at (NP a weak price )NP )PP , (SBAR even if (S (NP it )NP (VP means (S (VP losing (NP some *UNKED *UNK- *UNK )NP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP That )NP (VP would (VP leave (S (NP USX )NP (NP (NP essentially an oil company )NP (PP with (NP (NP *UNKC )NP (PP as (NP its core )NP )PP )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP Marathon )NP (VP has (VP benefited (PP from (NP (NP higher *UNK- prices )NP and (NP (NP strong demand )NP (PP for (NP *UNKED products )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP Oil )NP (VP has (ADVP long )ADVP (VP been (NP (NP Mr. Corry 's )NP *UNK )NP )VP )VP . )S  STOP
(S (ADVP Indeed )ADVP , (SBAR (WHADVP when )WHADVP (S (NP the Bush administration )NP (ADVP finally )ADVP (VP (VP decided (NP this summer )NP (S (VP to (VP *UNK (NP import restrictions )NP )VP )VP )S )VP (PRN -- (NP (NP *UNKLY the (ADJP most important )ADJP decision )NP (SBAR (S (VP to (VP affect (NP the steel industry )NP )VP )VP )S )SBAR (PP in (NP five years )NP )PP )NP -- )PRN )VP )S )SBAR (NP (NP Mr. Corry )NP and (NP his directors )NP )NP (VP were (PP (PP *UNK (NP *UNK )NP )PP , (PP (ADVP high )ADVP above (NP (NP (NP Marathon 's )NP rich oil reserves )NP (PP in (NP the North Sea )NP )PP )NP )PP )PP )VP . )S  STOP
(S (SBAR (SINV Should (NP USX )NP (VP be (VP left (PP with (NP only Marathon )NP )PP )VP )VP )SINV )SBAR , (NP Mr. Corry )NP (VP might (ADVP well )ADVP (VP feel (VP pushed (S (VP to (VP *UNK (PRT out )PRT (NP other energy companies )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (ADVP However )ADVP , (NP (NP even USX executives )NP (SBAR (WHNP who )WHNP (S (VP work (ADVP closely )ADVP (PP with (NP him )NP )PP )VP )S )SBAR )NP (VP are n't (ADJP sure (PP about (NP his long-term goals )NP )PP )ADJP )VP . )S  STOP
(S `` (S (NP I )NP (VP do n't (VP think (SBAR (S (NP he )NP (VP has (NP (NP a clear sense )NP (PP of (SBAR (WHADVP where )WHADVP (S (NP he )NP (VP wants (S (NP the company )NP (VP to (VP go )VP )VP )S )VP )S )SBAR )PP )NP )VP )S )SBAR )VP )VP )S , '' (NP one )NP (VP says )VP . )S  STOP
(S (ADVP Right now )ADVP (PRN , (S (NP the executive )NP (VP adds )VP )S , )PRN `` (NP he )NP (VP wants (S (VP to (VP continue (S (VP to (VP focus (PP on (S (VP paying (PRT down )PRT '' (NP (NP USX 's )NP debt )NP (PP by (S (VP selling (NP assets )NP )VP )S )PP )VP )S )PP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (S (NP One thing )NP (VP is (ADJP certain )ADJP , (ADVP however )ADVP )VP )S : (S (NP Mr. Corry )NP , (SBAR while (S (VP studying (NP other options )NP )VP )S )SBAR , (ADVP probably )ADVP (VP wo n't (VP make (NP a major move )NP (SBAR until (S (NP he )NP (VP 's (ADJP clear (PP about (NP (NP Mr. Icahn 's )NP intentions )NP )PP )ADJP )VP )S )SBAR )VP )VP )S . )S  STOP
(SINV And (S (ADVP then )ADVP , `` (NP he )NP (VP wo n't (VP panic )VP )VP )S , '' (VP says )VP (NP (NP J. Bruce *UNKC )NP , (NP (NP a former USX executive )NP and (ADVP now )ADVP (NP (NP a labor and benefit consultant )NP (PP with (NP (NP *UNKC Cohen & *UNKC )NP (PP in (NP Pittsburgh )NP )PP )NP )PP )NP )NP )NP . )SINV  STOP
(S (NP Mr. Corry )NP (VP learned (NP (NP presence )NP (PP under (NP fire )NP )PP )NP (SBAR (WHADVP when )WHADVP , (S (PP as (NP (NP vice president )NP (PP of (NP corporate planning )NP )PP )NP )PP , (NP he )NP (VP handled (SBAR (WHNP what )WHNP (S (NP Mr. *UNKC )NP (VP calls (S (NP (NP `` *UNK- '' negotiations )NP (SBAR (WHNP that )WHNP (S (VP led (PP to (NP (NP (NP USX )NP 's *UNKING )NP (PP of (NP (NP a wide array )NP (PP of (NP assets )NP )PP (VP ranging (PP (PP from (NP chemicals )NP )PP (PP to (NP construction )NP )PP )PP )VP )NP )PP )NP )PP )VP )S )SBAR )NP )S )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (VP negotiating )VP )S )SBAR , (NP Mr. Corry )NP (VP played (NP his cards )NP (ADVP close (PP to (NP the *UNK )NP )PP )ADVP )VP . )S  STOP
(S (NP (NP *UNKC Johnson )NP , (SBAR (WHNP who )WHNP (S (VP worked (PP for (NP Mr. Corry )NP )PP (PP in (NP strategic planning )NP )PP )VP )S )SBAR , )NP (VP recalls (SBAR (WHADVP how )WHADVP (S (NP his boss )NP (VP would (ADVP routinely )ADVP (VP ask (NP a *UNK )NP (S (VP to (VP research (NP an entire industry )NP (S (VP to (VP target (NP acquisition candidates )NP )VP )VP )S )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (SBAR (WHNP What )WHNP (S (NP he )NP (ADVP really )ADVP (VP wanted (S (VP to (VP know )VP )VP )S )VP )S )SBAR (VP was (PP about (NP a particular company )NP )PP )VP )S , but (S (NP you )NP (VP did n't (VP know (NP that )NP )VP )VP )S . )S  STOP
(SINV (S (NP He )NP (VP wanted (NP your own *UNKED , *UNK opinion )NP )VP )S , '' (VP says )VP (NP (NP Mr. Johnson )NP , (RRC (ADVP now )ADVP (NP (NP managing director )NP (PP at (NP (NP *UNKC & Co. )NP , (NP a *UNK- and *UNK- firm )NP )NP )PP )NP )RRC )NP . )SINV  STOP
(S (S (ADVP Ever )ADVP (NP the *UNK )NP )S , (NP Mr. Corry )NP (VP said (PP in (NP August )NP )PP (SBAR that (S (NP he )NP (VP realized (SBAR that (S (NP USX )NP (VP is (PP on `` (NP (NP acquisition screens )NP (PP (ADVP all )ADVP over (NP the country )NP )PP )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S `` (S (NP (NP It )NP )NP (VP 's (NP (NP part )NP (PP of (NP the *UNK market system )NP )PP )NP (SBAR that (S (S (NP equity )NP (VP can (VP be (VP bought )VP )VP )VP )S and (S (NP equity )NP (VP is (VP bought )VP )VP )S )S )SBAR )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP USX )NP (PRN , (S (NP he )NP (VP noted )VP )S , )PRN (VP was (VP formed (ADVP (NP 88 years )NP ago )ADVP , `` (PP by (S (PP in (NP effect )NP )PP (VP buying (PRT out )PRT (NP (NP a *UNK )NP (PP of (NP other companies )NP )PP )NP )VP )S )PP )VP )VP ... . )S  STOP
(S (NP People )NP (VP got (ADJP rich )ADJP (PP through (NP takeovers )NP )PP (PP in (NP those days )NP )PP , (SBAR as (S (NP they )NP (VP do (NP today )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Thomas F. *UNKC )NP (VP contributed (PP to (NP this article )NP )PP )VP . )S  STOP
(S (NP Westinghouse Electric Corp. )NP (VP said (SBAR (S (NP it )NP (VP will (VP buy (NP *UNKC Co )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Terms )NP (VP were n't (VP disclosed )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (VP based (PP in (NP (NP *UNKC )NP , (NP Mich. )NP )NP )PP )VP , )NP (VP makes (NP (NP (NP metal files )NP and (NP desks )NP )NP , and (NP (NP *UNKING )NP and (NP office systems furniture )NP )NP )NP )VP . )S  STOP
(S (NP Israel )NP (VP has (VP launched (NP a new effort (S (S (VP to (VP prove (SBAR (S (NP the *UNKC *UNKC Organization )NP (VP continues (S (VP to (VP practice (NP terrorism )NP )VP )VP )S )VP )S )SBAR )VP )VP )S , and (ADVP thus )ADVP (S (VP to (VP persuade (NP the U.S. )NP (S (VP to (VP break (PRT off )PRT (NP (NP talks )NP (PP with (NP the group )NP )PP )NP )VP )VP )S )VP )VP )S )S )NP )VP )VP . )S  STOP
(S (NP U.S. officials )NP , (ADVP however )ADVP , (VP said (SBAR (S (NP they )NP (VP are n't (VP buying (NP the Israeli argument )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Israeli *UNK officials )NP (VP provided (NP the State Department )NP (PP with (NP (NP a *UNK- list )NP (PP of (NP (NP recent *UNK *UNK )NP (SBAR (S (NP they )NP (VP *UNK (ADVP directly )ADVP (PP to (NP (NP forces )NP (VP controlled (PP by (NP *UNKC Chairman *UNKC *UNKC )NP )PP )VP )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP (ADVP publicly )ADVP *UNKED (NP terrorism )NP (NP Dec. 15 )NP , (S (VP *UNKING (NP (NP the U.S. *UNK )NP (PP for (NP (NP a direct `` dialogue '' )NP (PP with (NP the *UNKC )NP )PP )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP A U.S. *UNK official )NP (VP said (SBAR (S (NP experts )NP (VP are (VP studying (NP the Israeli list )NP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP We )NP (VP have (NP (NP no independent evidence )NP (VP linking (NP *UNKC )NP (PP to (NP (NP any acts )NP (PP of (NP terrorism )NP )PP (PP since (NP Dec. 15 , 1988 )NP )PP )NP )PP )VP )NP )VP )S , '' (NP he )NP (VP said , (S (VP referring (PP to (NP (NP the specific PLO group )NP (SBAR (WHNP that )WHNP (S (NP Mr. Arafat )NP (VP heads )VP )S )SBAR )NP )PP )VP )S )VP . )S  STOP
(S `` (ADVP So far )ADVP , (NP this list )NP (VP does n't (VP change (NP our view )NP )VP )VP . )S  STOP
(S (S (NP Israel )NP (VP wants (S (VP to (VP end (NP the dialogue )NP )VP )VP )S )VP )S , but (S (NP our analysts )NP (VP take (NP (NP a different view )NP (PP than (NP theirs )NP )PP )NP )VP )S . '' )S  STOP
(S (NP (NP (NP (NP Israeli Prime Minister *UNKC *UNKC 's )NP top adviser )NP (PP on (NP *UNK )NP )PP )NP , (NP *UNKC *UNKC )NP , )NP (VP was (ADVP here )ADVP (NP Monday )NP (S (VP to (VP present (NP the report )NP (PP to (NP (NP (NP members )NP (PP of (NP Congress )NP )PP )NP , (NP reporters )NP and (NP others )NP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP he )NP (ADVP also )ADVP (VP presented (NP the list )NP (NP last week )NP (PP to (NP (NP William Brown )NP , (NP (NP U.S. *UNKC )NP (PP to (NP Israel )NP )PP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP the New York Times )NP (VP reported (SBAR that (S (NP the Israeli government )NP (VP had (VP provided (NP (NP its *UNK )NP (PP in (NP *UNKC )NP )PP )NP (PP with (NP (NP different documents )NP (SBAR (WHNP that )WHNP (S (NP Israel )NP (VP said (SBAR (S (VP prove (SBAR (S (NP the PLO )NP (VP has (VP been (VP conducting (NP terrorism )NP (PP from (NP the *UNKED Arab *UNK )NP )PP )VP )VP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The State Department )NP (VP said (SBAR (S (NP it )NP (VP has n't (ADVP yet )ADVP (VP seen (NP (NP copies )NP (PP of (NP those papers )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (SQ (SBAR If (S (S (NP the dialogue )NP (VP was (VP based (PP on (NP (NP the assumption )NP (SBAR that (S (NP (NP Arafat )NP or (NP the PLO )NP )NP (VP would (VP stop (NP terrorism )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S , and (S (NP we )NP (VP have (NP (NP evidence )NP (PP of (NP continued terrorism )NP )PP )NP )VP )S )S )SBAR , (WHNP what )WHNP (SQ (VP would (VP be (NP the *UNK conclusion )NP )VP )VP )SQ ? )SQ '' (NP Mr. *UNKC )NP (VP asked )VP . )S  STOP
(S (NP Israel )NP (VP has (ADVP long )ADVP (VP claimed (SBAR (S (NP Mr. Arafat )NP (ADVP never )ADVP (VP meant (S (VP to (VP *UNK (NP terrorism )NP )VP )VP )S )VP )S )SBAR , (SBAR (ADVP particularly )ADVP because (S (NP (NP he )NP and (NP his *UNK )NP )NP (VP *UNKED (NP the right (S (VP to (VP press `` (NP *UNKED struggle )NP '' (PP against (NP the Jewish state )NP )PP )VP )VP )S )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP Now )ADVP , (NP *UNKC )NP (VP says (SBAR (S (NP it )NP (VP is (VP backing (PRT up )PRT (NP its *UNK )NP (PP with (NP (NP detailed accounts )NP (PP of (NP (NP alleged *UNK acts and plans )NP (VP linked (PP to (NP Mr. Arafat )NP )PP )VP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP (NP *UNK )NP (NP (NP most )NP (PP of (NP these )NP )PP )NP (PP on (NP *UNKC )NP )PP )VP . )S  STOP
(S (NP The new accusations )NP (VP come (PP at (NP (NP a *UNK time )NP (PP in (NP U.S. efforts (S (VP to (VP bring (PRT about )PRT (NP (NP talks )NP (PP between (NP (NP Israel )NP and (NP Palestinian representatives )NP )NP )PP )NP )VP )VP )S )NP )PP )NP )PP )VP . )S  STOP
(S (NP The State Department )NP (VP said (SBAR (S (NP it )NP (VP had (VP received (NP (NP a new letter )NP (PP on (NP the subject )NP )PP )NP (PP from (NP Israeli Foreign Minister *UNKC *UNKC )NP )PP , (VP *UNKING (NP (NP Israel 's )NP previous *UNK (PP to (S (VP negotiating (PP with (NP (NP any Palestinian )NP (VP tied (PP to (NP the PLO )NP )PP )VP )NP )PP )VP )S )PP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (VP *UNKING (SBAR (WHNP what )WHNP (S (VP *UNK `` (NP terrorism )NP '' )VP )S )SBAR )VP )S (VP can (VP be (NP a *UNK exercise )NP )VP )VP . )S  STOP
(S (NP The U.S. )NP (VP *UNK (NP it )NP (PP as `` (NP (NP *UNKED , (ADJP politically *UNKED )ADJP violence )NP (VP *UNKED (PP against (NP *UNK targets )NP )PP (PP by (NP (NP *UNK groups )NP or (NP *UNK state agents )NP )NP )PP )VP )NP )PP )VP . '' )S  STOP
(S (S (VP To (VP meet (NP the U.S. criteria )NP )VP )VP )S , (NP Israel )NP (VP contended (SBAR (S (NP it )NP (ADVP only )ADVP (VP listed (NP (NP *UNK )NP (SBAR (WHNP that )WHNP (S (VP (VP involved (NP *UNK )NP )VP and (VP occurred (PP inside (NP its *UNK- *UNK )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(SINV (PP At (NP (NP the heart )NP (PP of (NP (NP Israel 's )NP report )NP )PP )NP )PP (VP is )VP (NP (NP a list )NP (PP of (NP (NP a dozen *UNK )NP (SBAR (S (NP *UNKC )NP (VP *UNK (PP to (NP *UNKC )NP )PP )VP )S )SBAR , (PP including (NP (NP the use )NP (PP of (NP (NP *UNK )NP and (NP *UNKC *UNK )NP )NP )PP )NP )PP )NP )PP )NP . )SINV  STOP
(S But (NP U.S. officials )NP (VP say (SBAR (S (NP they )NP (VP are n't (ADJP satisfied (SBAR (S (NP these *UNK )NP (VP constitute (NP terrorism )NP )VP )S )SBAR )ADJP (SBAR because (S (NP they )NP (VP may (VP be (NP (NP *UNK )NP (PP of (NP (NP the *UNK )NP , (NP (NP the Palestinian *UNK )NP (PP in (NP the *UNKED *UNK )NP )PP )NP , (SBAR (WHNP which )WHNP (S (NP the U.S. )NP (VP does n't (VP *UNK (PP as (NP terrorism )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP the officials )NP (VP say (SBAR (S (NP Israel )NP (VP has n't (VP presented (NP convincing evidence (SBAR (S (NP these acts )NP (VP were (VP ordered (PP (PP by (NP *UNKC )NP )PP or (PP by (NP (NP any group )NP (SBAR (S (NP Mr. Arafat )NP (VP controls )VP )S )SBAR )NP )PP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP U.S. terrorism experts )NP (ADVP also )ADVP (VP say (SBAR (S (NP they )NP (VP are (ADJP highly uncertain (PP about (NP (NP the *UNK )NP (PP of (NP (NP the separate documents )NP (VP *UNKED (PP to (NP the New York Times )NP )PP )VP )NP )PP )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The papers )NP , (SBAR (WHNP which )WHNP (S (NP Israel )NP (VP says (SBAR (S (VP were (VP discovered (PP in (NP *UNKED *UNKC )NP )PP )VP )VP )S )SBAR )VP )S )SBAR , )NP (VP *UNK (PP to (NP (NP *UNK acts )NP (SBAR (S (VP to (VP be (VP carried (PRT out )PRT (PP in (NP (NP the name )NP (PP of (NP (NP a group )NP (VP called (S `` (NP the *UNKC *UNKC )NP )S )VP )NP )PP )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP . '' )S  STOP
(S (NP (NP Some supporters )NP (PP of (NP Israel )NP )PP )NP (VP say (SBAR (S (NP (NP U.S. policy )NP (PP on (NP Palestinian terrorism )NP )PP )NP (VP is (VP *UNKED (PP by (NP an intense desire (S (VP to (VP maintain (NP (NP the dialogue )NP (PP with (NP the PLO )NP )PP )NP )VP )VP )S )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP State Department officials )NP (VP *UNK (NP Israel )NP (PP of (S (VP *UNKING (NP questionable claims )NP (S (VP to (VP *UNK (NP the U.S. )NP )VP )VP )S )VP )S )PP )VP . )S  STOP
(S (NP The dollar )NP (VP finished (ADVP lower )ADVP (NP yesterday )NP , (PP after (S (VP tracking (NP (NP another *UNK session )NP (PP on (NP Wall Street )NP )PP )NP )VP )S )PP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP about (NP the volatile U.S. stock market )NP )PP )NP (VP had (VP *UNKED (PP in (NP recent sessions )NP )PP )VP )VP )S , and (S (NP traders )NP (VP appeared (ADJP content (S (VP to (VP let (S (NP the dollar )NP (VP *UNK (PP in (NP a narrow range )NP )PP (PP until (NP (NP tomorrow )NP , (SBAR (WHADVP when )WHADVP (S (NP (NP the preliminary report )NP (PP on (NP third-quarter U.S. gross national product )NP )PP )NP (VP is (VP released )VP )VP )S )SBAR )NP )PP )VP )S )VP )VP )S )ADJP )VP )S . )S  STOP
(S But (NP (NP *UNK gyrations )NP (PP in (NP the Dow Jones Industrial Average )NP )PP (NP yesterday )NP )NP (VP (VP put (NP Wall Street )NP (ADVP back (PP in (NP the *UNK )NP )PP )ADVP )VP and (VP inspired (S (NP market participants )NP (VP to (VP bid (S (NP the U.S. unit )NP (ADJP lower )ADJP )S )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP UAL 's )NP decision (S (VP to (VP remain (NP an independent company )NP )VP )VP )S )NP (VP sent (S (NP share prices )NP (VP *UNKING )VP )S )VP . )S  STOP
(S (PP By (NP *UNKING )NP )PP , (S (NP the *UNKC )NP (VP had (VP plunged (NP 80 points )NP )VP )VP )S and (S (NP foreign-exchange dealers )NP (ADVP quickly )ADVP (VP drove (NP the dollar )NP (ADVP down )ADVP )VP )S . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP the *UNKC )NP (VP (ADVP modestly )ADVP rebounded )VP )S )SBAR , (NP the dollar )NP (VP (VP *UNKED (PRT back )PRT (PP in (NP *UNK dealings )NP )PP )VP but (VP ended (NP the day )NP (S (PP below (NP (NP the levels )NP (PP of (NP late Monday )NP )PP )NP )PP )S )VP )VP . )S  STOP
(S (NP Stock prices )NP , (ADVP meanwhile )ADVP , (VP (VP posted (NP significant gains )NP (PP in (NP later trading )NP )PP )VP and (VP closed (ADVP down )ADVP (PP by (NP (NP (QP only *UNKN )QP points )NP (PP on (NP the day )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Some dealers )NP (VP said (SBAR that (S (NP (NP (NP the market 's )NP strong reaction )NP (PP to (NP Wall Street )NP )PP )NP (VP reflects (NP (NP a general *UNK )NP (PP about (NP the dollar )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP added (SBAR that (S (NP (NP the *UNKC 's )NP *UNK drop )NP (VP proved (NP (NP an easy excuse )NP (SBAR for (S (NP the market )NP (VP to (VP drive (NP the U.S. currency )NP (PP in (NP (NP the direction )NP (SBAR (S (NP it )NP (VP was (ADVP already )ADVP (VP headed )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP late New York trading )NP )PP (NP yesterday )NP , (NP the dollar )NP (VP was (VP quoted (PP (PP at (NP (NP *UNKN marks )NP , (ADVP down (PP from (NP *UNKN marks )NP (NP Monday )NP )PP )ADVP )NP )PP , and (PP at (NP (NP *UNKN yen )NP , (ADVP down (PP from (NP 141.90 yen )NP (NP late Monday )NP )PP )ADVP )NP )PP )PP )VP )VP . )S  STOP
(S (NP Sterling )NP (VP was (VP quoted (PP at (NP (NP $ *UNKN )NP , (ADVP up (PP from (NP (NP $ *UNKN )NP (NP late Monday )NP )NP )PP )ADVP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP Tokyo )NP )PP (NP Wednesday )NP , (NP the U.S. currency )NP (VP opened (PP for (NP trading )NP )PP (PP at (NP (NP *UNKN yen )NP , (ADVP down (PP from (NP (NP (NP Tuesday 's )NP Tokyo close )NP (PP of (NP *UNKN yen )NP )PP )NP )PP )ADVP )NP )PP )VP . )S  STOP
(S (NP (NP Tom *UNKC )NP , (NP (NP a vice president )NP (PP with (NP (NP Banque Paribas )NP (PP in (NP New York )NP )PP )NP )PP )NP , )NP (VP sees (NP (NP a break )NP (PP in (NP (NP (NP the dollar 's )NP long-term upward trend )NP , (NP (NP a trend )NP (SBAR (WHNP that )WHNP (S (VP began (PP in (NP January 1988 )NP )PP )VP )S )SBAR )NP )NP )PP )NP )VP . )S  STOP
(S (NP He )NP (VP argues (SBAR that (S (NP the dollar )NP (VP is (ADVP now )ADVP `` (VP moving (ADVP *UNK )ADVP )VP )VP )S )SBAR , '' (S (VP adding (SBAR that `` (S (NP the next *UNK )NP (VP could (VP be (NP (NP the beginning )NP (PP of (NP a (ADJP longer term )ADJP bearish phase )NP )PP )NP )VP )VP )S )SBAR )VP )S )VP . '' )S  STOP
(S (NP Analysts )NP (VP *UNK (NP (NP the dollar 's )NP recent weakness )NP (PP to (NP (NP (NP an underlying slowdown )NP (PP in (NP the U.S. economy )NP )PP )NP , (VP *UNKED (PP by (NP (NP recent economic data )NP , (ADVP particularly )ADVP (NP (NP a (ADJP surprisingly sharp )ADJP *UNKING )NP (PP in (NP the August U.S. trade gap )NP )PP )NP )NP )PP )VP )NP )PP )VP . )S  STOP
(S (NP They )NP (ADVP also )ADVP (VP point (PRT out )PRT (SBAR that (S (NP (NP *UNKING interest-rate *UNK )NP (PP between (NP (NP the U.S. )NP and (NP its major trading partners )NP )NP )PP )NP (VP tend (S (VP to (VP make (S (NP the U.S. currency )NP (ADJP less attractive (PP to (NP foreign investors )NP )PP )ADJP )S )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP Despite (NP (NP several *UNK )NP (PP of (NP dollar trading )NP )PP )NP )PP , (NP it )NP (VP was (VP noted (SBAR that (S (NP *UNK- cross trade )NP (VP *UNKED (NP (NP much )NP (PP of (NP (NP the market 's )NP attention )NP )PP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP Following (NP (NP the *UNK )NP (PP in (NP U.S. stocks )NP )PP )NP )PP , (NP the mark )NP (VP has (VP strengthened (ADVP (ADVP more )ADVP (PP than (NP its major counterparts )NP )PP )ADVP )VP )VP . )S  STOP
(S (NP Traders )NP (VP *UNK (NP (NP the mark 's )NP surge )NP (PP to (NP (NP a robust West German economy )NP and (NP higher rate *UNK )NP )NP )PP )VP . )S  STOP
(S But , (NP they )NP (VP add (SBAR that (S (NP (NP the mark 's )NP strength )NP (VP is (PP in (NP part )NP )PP (NP (NP a *UNK )NP (PP of (NP (NP a shift )NP (ADVP away (PP from (NP U.S. assets )NP )PP )ADVP (PP by (NP Japanese investors )NP )PP (PP into (NP (ADJP West German )ADJP investments )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP (NP The question )NP )NP (VP remains )VP : (SBARQ (WHNP how much )WHNP (SQ can (NP the (ADJP West German )ADJP market )NP (VP absorb )VP )SQ ? )SBARQ )S '' (VP says )VP (NP one senior dealer )NP . )SINV  STOP
(S (NP Some dealers )NP (VP say (SBAR that (S (NP (NP (NAC Bank (PP of (NP Japan )NP )PP )NAC *UNKC *UNKC *UNKC 's )NP *UNK (SBAR that (S (NP Japanese monetary policy )NP (VP wo n't (VP be (VP changed (PP for (NP the time being )NP )PP )VP )VP )VP )S )SBAR )NP (VP has (VP given (NP investors )NP (NP (NP an added excuse )NP (SBAR (S (VP to (VP push (NP the yen )NP (PRT down )PRT (ADVP even further )ADVP (PP against (NP the mark )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Despite (NP (NP (NP the yen 's )NP weakness )NP (PP with (NP (NP respect )NP (PP to (NP the mark )NP )PP )NP )PP )NP )PP , (NP Tokyo traders )NP (VP say (SBAR (S (NP they )NP (VP do n't (VP expect (S (NP (NP the Bank )NP (PP of (NP Japan )NP )PP )NP (VP to (VP take (NP (NP any action )NP (S (VP to (VP support (NP the Japanese currency )NP (PP on (NP that front )NP )PP )VP )VP )S )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP sterling )NP (VP slumped (PP on (NP news (SBAR that (S (NP the United Kingdom )NP (VP posted (NP a *UNKED trade deficit )NP (PP in (NP September )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (S (NP The news )NP (ADVP also )ADVP (VP knocked (NP the British unit )NP (PP to (NP (QP below *UNKN )QP marks )NP )PP (PP in (NP London )NP )PP )VP )S , but (S (NP (NP a *UNK )NP (PP of (NP *UNKING )NP )PP )NP (VP helped (S (NP sterling )NP (VP *UNK (NP (NP some )NP (PP of (NP its earlier losses )NP )PP )NP )VP )S )VP )S . )S  STOP
(S (PP On (NP the Commodity Exchange )NP )PP (PP in (NP New York )NP )PP , (NP (NP gold )NP (PP for (NP current delivery )NP )PP )NP (VP jumped (NP $ *UNKN )NP (PP to (NP (NP $ *UNKN )NP (NP an ounce )NP )NP )PP )VP . )S  STOP
(S (NP The close )NP (VP was (NP (NP the highest )NP (PP since (NP Aug. 15 )NP )PP )NP )VP . )S  STOP
(S (NP Estimated volume )NP (VP was (NP a light (QP two million )QP ounces )NP )VP . )S  STOP
(S (PP In (NP early trading )NP )PP (PP in (NP Hong Kong )NP )PP (NP Wednesday )NP , (NP gold )NP (VP was (VP quoted (PP at (NP (NP $ *UNKN )NP (NP an ounce )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Boston Co. )NP , (NP (NP the *UNK- financial services concern )NP (SBAR (WHNP that )WHNP (S (VP was (VP *UNKED (PP by (NP a management scandal )NP )PP (NP late last year )NP )VP )VP )S )SBAR )NP , )NP (VP has (VP had (NP (NP a sharp drop )NP (PP in (NP profitability )NP )PP )NP -- (SBAR (ADVP mainly )ADVP because (S (NP (NP a high-risk bet )NP (PP on (NP interest rates )NP )PP )NP (VP *UNKED )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP (NP Boston Co. 's )NP fall )NP (PP from (NP *UNK )NP )PP )NP (VP is (NP bad news )NP (PP for (NP (NP its parent )NP , (NP Shearson Lehman Hutton Holdings Inc. )NP , (SBAR (WHNP which )WHNP (S (VP has (VP relied (ADVP heavily )ADVP (PP on (NP (NP the banking and money management unit 's )NP contributions )NP )PP (PP in (NP recent years )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP In (NP 1988 )NP )PP , (PP for (NP example )NP )PP , (NP Boston Co. )NP (VP had (NP (NP an estimated pretax profit )NP (PP of (NP (QP at least $ 110 million )QP )NP )PP )NP , (SBAR while (S (NP Shearson )NP (VP managed (NP (NP net income )NP (PP of (NP (QP just $ 96 million )QP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Shearson )NP (VP does n't (VP break (PRT out )PRT (NP (NP the earnings )NP (PP of (NP its subsidiaries )NP )PP )NP )VP )VP . )S  STOP
(S But (NP (NP people )NP (ADJP familiar (PP with (NP (NP Boston Co. 's )NP performance )NP )PP )ADJP )NP (VP say (SBAR (S (NP the unit )NP (VP had (NP (NP profit )NP (PP of (NP (QP around $ 17 million )QP )NP )PP )NP (PP for (NP the third quarter )NP )PP , (PP after (S (VP (ADVP barely )ADVP breaking (ADVP even )ADVP (PP for (NP the first six months )NP )PP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Shearson )NP , (ADVP meanwhile )ADVP , (VP posted (NP (NP (NP net income )NP (PP of (NP (QP $ 106 million )QP )NP )PP )NP (PP for (NP (NP the first nine months )NP (PP of (NP the year )NP )PP )NP )PP , (ADVP down slightly (PP from (NP (QP $ 110 million )QP )NP (PP for (NP the year-ago period )NP )PP )PP )ADVP )NP )VP . )S  STOP
(S (NP (NP Moody 's )NP Investors Service Inc. )NP (NP last week )NP (VP *UNKED (NP (NP the long-term deposit rating )NP (PP of (NP (NP Boston Co. 's )NP Boston *UNKC Deposit & Trust Co. subsidiary )NP )PP )NP , (PP to (ADJP *UNK- )ADJP )PP (PP from (ADJP *UNK- )ADJP )PP , (S (VP citing (NP (NP problems )NP (PP in (NP (NP the company )NP 's `` (ADJP aggressively managed )ADJP securities portfolio )NP )PP )NP )VP )S )VP . '' )S  STOP
(S (NP (NP John *UNKC )NP , (NP (NP a Moody 's )NP vice president )NP , )NP (VP said (SBAR (S (NP (NP Boston *UNKC Deposit 's )NP performance )NP (VP has (VP been (VP hurt (NP this year )NP (PP by (NP (NP a *UNK )NP (PP in (NP (NP the maturities )NP (PP of (NP its assets and liabilities )NP )PP )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (S (NP The *UNK )NP (VP exposed (NP the company )NP (PP to (NP (NP a high degree )NP (PP of (NP interest-rate risk )NP )PP )NP )PP )VP )S , and (S (SBAR (WHADVP when )WHADVP (S (NP rates )NP (VP moved (ADVP *UNKLY )ADVP (PRN -- (S (VP (VP beginning (NP late last year )NP )VP and (VP continuing (PP into (NP this year )NP )PP )VP )VP )S -- )PRN )VP )S `` )SBAR (NP it )NP (VP cost (NP them )NP )VP )S )S , '' (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP noted (SBAR that (S (S (NP Boston *UNKC Deposit )NP `` (VP has (VP taken (NP some actions (S (VP to (VP (VP (ADVP better )ADVP control (NP *UNK- management )NP )VP and (VP improve (NP controls )NP (PP in (ADJP general )ADJP )PP )VP )VP )VP )S )NP )VP )VP )S , and (S (NP we )NP (VP think (SBAR (S (NP these )NP (VP will (VP serve (S (VP to (VP improve (NP credit quality )NP )VP )VP )S )VP )VP )S )SBAR )VP )S )S )SBAR )VP . '' )S  STOP
(S (S (SBAR As (S (S (NP some securities )NP (VP mature )VP )S and (S (NP the proceeds )NP (VP are (VP *UNKED )VP )VP )S )S )SBAR , (NP the problems )NP (VP ought (S (VP to (VP ease )VP )VP )S )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S But (NP he )NP (ADVP also )ADVP (VP cited (NP (NP concerns )NP (PP over (NP (NP (NP the company 's )NP mortgage exposure )NP (PP in (NP the troubled New England real estate market )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Boston Co. officials )NP (VP declined (S (VP to (VP comment (PP (PP on (NP (NP Moody 's )NP action )NP )PP or (PP on (NP (NP (NP the unit 's )NP financial performance )NP (NP this year )NP )NP )PP )PP )VP )VP )S -- (SBAR except (S (VP to (VP deny (NP a published report (SBAR that (S (NP outside accountants )NP (VP had (VP discovered (NP (NP evidence )NP (PP of (NP (NP significant accounting errors )NP (PP in (NP (NP the first three quarters ' )NP results )NP )PP )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP An accounting controversy )NP (PP at (NP (NP the end )NP (PP of (NP last year )NP )PP )NP )PP )NP (VP forced (S (NP Boston Co. )NP (VP to (VP admit (SBAR (S (NP it )NP (VP had (VP *UNKED (NP pretax profits )NP (PP by (NP (QP some $ 44 million )QP )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP The resulting scandal )NP (VP led (PP (PP to (NP (NP the *UNKING )NP (PP of (NP James N. *UNK *UNKC )NP )PP (PP as (NP (NP Boston Co. 's )NP president )NP )PP )NP )PP and (PP to (NP (NP the resignations )NP (PP of (NP (NP the company 's )NP (NX (NX chief financial officer )NX and (NX treasurer )NX )NX )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP The executives )NP (VP were (VP accused (PP of (NP (S (VP (ADVP *UNKLY )ADVP *UNKING (NP expenses )NP )VP )S and (S (VP *UNKING (NP revenue )NP (ADVP early )ADVP , (PP in (NP an effort (S (VP to (VP (VP dress (PRT up )PRT (NP results )NP )VP -- and (VP (ADVP perhaps )ADVP bolster (NP *UNKED bonuses )NP )VP )VP )VP )S )NP )PP )VP )S )NP )PP )VP )VP . )S  STOP
(S (NP Mr. *UNK *UNKC )NP , (PP in (NP turn )NP )PP , (VP (VP attributed (NP the controversy )NP (PP to (NP (NP *UNK errors )NP (PP by (NP accountants )NP )PP )NP )PP )VP and (VP accused (NP Shearson )NP (PP of (S (VP conducting (NP a `` *UNK *UNK )NP )VP )S )PP )VP )VP . '' )S  STOP
(S (NP (NP Mr. *UNKC )NP (PP of (NP (NP Moody 's )NP )NP )PP )NP (VP said (SBAR (S (NP (NP the problems )NP (PP in (NP the securities portfolio )NP )PP )NP (VP stem (ADVP largely )ADVP (PP from (NP (NP positions )NP (VP taken (NP last year )NP )VP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP The company 's )NP current management )NP (VP found (S (NP itself )NP `` (VP locked (PP into (NP this )NP )PP )VP )S )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (S (NP Mexico )NP (VP exported (NP (NP an average )NP (PP of (NP (NP *UNKN barrels )NP (PP of (NP crude oil )NP )PP (NP a day )NP )NP )PP )NP (PP at (NP (NP an average )NP (PP of (NP (NP $ *UNKN )NP (NP a barrel )NP )NP )PP )NP )PP (PP during (NP (NP 1989 's )NP first eight months )NP )PP (PP for (NP (NP a total )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP )PP )VP )S , (NP *UNKC *UNKC S.A. )NP (VP said )VP . )S  STOP
(S (NP The state petroleum *UNKLY )NP (VP said (SBAR (S (NP (NP sales )NP (PP in (NP the period )NP )PP )NP (VP gained (NP (NP 15 % )NP , and (ADJP (ADJP (NP (QP $ *UNKN million )QP )NP more )ADJP (PP than (SBAR (S (ADVP originally )ADVP (VP projected )VP )S )SBAR )PP )ADJP )NP (PP at (NP (NP an average )NP (PP of (NP (NP $ 10 )NP (NP a barrel )NP )NP )PP )NP )PP (PP on (NP (NP an export platform )NP (PP of (NP (NP *UNKN barrels )NP (NP a day )NP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(NP *UNKC - )NP  STOP
(S (NP Sears , Roebuck & Co. )NP (VP is (VP struggling (SBAR as (S (NP it )NP (VP *UNK (NP the critical Christmas season )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Yesterday )NP , (NP the retailing and financial services giant )NP (VP reported (NP (NP a (ADJP 16 % )ADJP drop )NP (PP in (NP third-quarter earnings )NP )PP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 75 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP a restated (QP $ *UNKN million )QP )NP , or (NP (NP (NP (NP 80 cents )NP (NP a share )NP )NP )NP , (ADVP (NP a year )NP earlier )ADVP )NP )PP )NP )VP . )S  STOP
(S But (NP the news )NP (VP was (ADJP even worse )ADJP (PP for (NP (NP (NP Sears 's )NP core U.S. retailing operation )NP , (NP (NP the largest )NP (PP in (NP the nation )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP Sears )NP (VP said (SBAR (S (NP its U.S. stores )NP (VP had (NP (NP (NP a loss )NP (PP of (NP (QP $ 6.9 million )QP )NP )PP )NP , (NP (NP their first deficit )NP (PP for (NP the period )NP )PP (PP in (NP (QP more than five )QP years )NP )PP )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Analysts )NP (VP estimated (SBAR that (S (NP (NP sales )NP (PP at (NP U.S. stores )NP )PP )NP (VP declined (PP in (NP the quarter )NP )PP , (ADVP too )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP The results )NP (VP *UNK (NP (NP (NP Sears 's )NP difficulties )NP (PP in (S (VP *UNKING (NP (NP the `` *UNK low pricing '' strategy )NP (SBAR (WHNP that )WHNP (S (NP it )NP (VP adopted (PP in (NP March )NP )PP (PP as (NP (NP part )NP (PP of (NP a broad attempt (S (VP to (VP revive (NP its retailing business )NP )VP )VP )S )NP )PP )NP )PP )VP )S )SBAR )NP )VP )S )PP )NP )VP . )S  STOP
(S (PP Under (NP the new approach )NP )PP , (NP Sears )NP (VP set (NP (NP prices )NP (SBAR (WHNP that )WHNP (S (VP were (ADVP somewhere (PP between (NP its old (ADJP `` regular '' and `` sale '' )ADJP prices )NP )PP )ADVP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP it )NP (VP would (VP resort (ADVP far less often )ADVP (PP to (S (VP *UNKING (NP prices )NP (S (VP to (VP *UNK (NP *UNK )NP )VP )VP )S )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Sears officials )NP (VP insist (SBAR (S (NP they )NP (VP do n't (VP intend (S (VP to (VP abandon (NP the *UNK pricing approach )NP (PP in (NP (NP the face )NP (PP of (NP the poor results )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Instead )ADVP , (NP a spokesman )NP (VP blames (NP the dismal third-quarter showing )NP (PP on `` (NP (NP an environment )NP (SBAR (WHNP that )WHNP (S (VP is (VP being (VP *UNKED (PP by (NP (NP a very *UNK climate )NP (PP for (NP (NP sales )NP (PP of (NP (NP durable goods )NP , '' (SBAR (WHNP which )WHNP (S (VP account (PP for (NP (NP roughly two-thirds )NP (PP of (NP (NP Sears 's )NP annual merchandise volume )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )PP )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (S (NP The new pricing strategy )NP `` (VP is (VP working )VP )VP )S , '' (NP the spokesman )NP (VP asserted )VP . )S  STOP
(S (NP He )NP (VP added (SBAR that , (S (PP after (NP (NP an initial surge )NP (VP triggered (PP by (NP (NP an advertising *UNK )NP (PP in (NP March )NP )PP )NP )PP )VP )NP )PP , (NP Sears )NP (VP expected (SBAR that (S (NP the pricing program )NP (VP would n't (VP have (NP (NP any effect )NP (PP on (NP revenue )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Sears )NP (VP has (VP been (VP counting (PP on (NP (NP growth )NP (VP coming (PP from (NP (NP the large displays )NP (PP of (NP *UNK- merchandise )NP )PP (SBAR (S (NP it )NP (VP is (VP adding (PP to (NP its stores )NP )PP (PP over (NP the next two years )NP )PP (PP in (SBAR (WHNP what )WHNP (S (NP it )NP (VP calls (S `` (NP power *UNK )NP )S )VP )S )SBAR )PP )VP )VP )S )SBAR )NP )PP )VP )NP )PP )VP )VP )VP . '' )S  STOP
(S But (NP analysts )NP (VP say (SBAR (S (NP Sears )NP (VP faces (NP an especially *UNKING challenge )NP (PP on (NP (NP the *UNK )NP (PP of (NP the Christmas shopping season )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP I )NP (VP believe (SBAR (S (NP *UNK pricing )NP (PP in (NP the current environment )NP )PP (VP does n't (VP work )VP )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP Walter *UNKC )NP (PP of (NP Morgan Stanley & Co. )NP )PP )NP , (S (VP *UNKING (PP to (NP soft *UNK- sales )NP )PP )VP )S . )SINV  STOP
(S `` (NP Sears )NP (VP is (ADJP likely (S (VP to (VP be (ADJP unsuccessful )ADJP (SBAR if (S (NP it )NP (VP continues (PP with (NP its pricing policy )NP )PP (SBAR (WHADVP when )WHADVP (S (NP everyone else )NP (VP is (VP offering (NP unusual values )NP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP )S )ADJP )VP . '' )S  STOP
(S (PP In (SBAR (WHNP what )WHNP (S (VP amounts (PP to (NP an admission (SBAR that (S (NP the transition )NP (VP has n't (VP gone (ADVP (ADVP as smoothly )ADVP (SBAR as (S (NP Sears )NP (VP had (VP hoped )VP )VP )S )SBAR )ADVP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )PP , (NP the giant retailer )NP (VP is (ADVP now )ADVP (VP trying (NP (NP new ways )NP (SBAR (S (VP to (VP *UNK (PRT up )PRT (NP business )NP (PP without (S (VP appearing (S (VP to (VP abandon (NP its *UNK- strategy )NP )VP )VP )S )VP )S )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (S (NP The company )NP (VP is (VP *UNKING (NP more special deals )NP (PP in (NP its advertising and stores )NP )PP )VP )VP )S , and (S (NP it )NP (VP 's (VP offering (S (VP to (VP *UNK (NP (NP finance charges )NP (PP on (NP certain *UNK- items )NP )PP )NP )VP )VP )S )VP )VP )S . )S  STOP
(S (NP Sears )NP (VP is (ADVP also )ADVP (VP (VP *UNKING (PRT up )PRT (NP its television ads )NP )VP and (VP changing (NP its message )NP )VP )VP )VP . )S  STOP
(S (PP In (NP a new TV ad )NP )PP , (PP for (NP instance )NP )PP , (NP (NP a woman )NP (VP going (PP through (NP the Sunday newspaper )NP )PP )VP )NP (VP brands (PP as (NP *UNK )NP )PP (NP (NP claims )NP (PP by (NP other stores )NP )PP (SBAR that (S (NP they )NP (VP are (VP offering (NP goods )NP (PP for `` (ADVP (NP (NP 50 % )NP , (NP 60 % )NP and (NP 70 % )NP )NP off )ADVP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S '' (PP By (S (VP lowering (NP prices )NP (PP throughout (NP its stores )NP )PP )VP )S )PP (PRN , (S (NP she )NP (VP says )VP )S , )PRN `` (NP Sears )NP (VP has (NP the right idea )NP )VP . '' )S  STOP
(S But (NP the ad )NP (ADVP also )ADVP (VP *UNK (NP (NP (NP Sears 's )NP sales )NP -- (NP (NP a topic )NP (SBAR (WHNP that )WHNP (S (NP the retailer )NP (VP has (VP avoided (PP since (S (VP *UNKING (PP to (NP everyday pricing )NP )PP )VP )S )PP )VP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S `` (SBAR (WHADVP When )WHADVP (S (NP Sears )NP (VP has (NP (NP a sale )NP (PP at (NP a special price )NP )PP )NP )VP )S )SBAR (PRN , '' (S (NP (NP the woman )NP (PP in (NP the ad )NP )PP )NP (VP declares )VP )S , )PRN `` (NP it )NP (VP 's (NP (NP something )NP (SBAR (S (NP you )NP (VP do n't (VP want (S (VP to (VP miss )VP )VP )S )VP )VP )S )SBAR )NP )VP . '' )S  STOP
(S (NP (NP *UNKC surveys )NP (PP by (NP (NP *UNKC J. *UNKC & Associates )NP , (NP (NP a market research firm )NP (PP in (NP Chicago )NP )PP )NP , )NP )PP )NP (VP suggest (SBAR that (S (NP Sears )NP (VP is (VP having (NP a tough time )NP (S (VP attracting (NP *UNK )NP )VP )S (SBAR because (S (NP it )NP (VP has n't (ADVP yet )ADVP (VP done (NP enough (S (VP to (VP improve (NP (NP service )NP or (NP (NP its selection )NP (PP of (NP merchandise )NP )PP )NP )NP )VP )VP )S )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The number )NP (PP of (NP (NP people )NP (SBAR (WHNP who )WHNP (S (VP said (SBAR (S (NP they )NP (VP were (ADJP more likely (S (VP to (VP shop (PP at (NP Sears )NP )PP )VP )VP )S )ADJP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP (VP fell (PP in (NP September )NP )PP (PP to (NP 37 % )NP )PP (PP from (NP 66 % )NP (PP in (NP (NP March )NP , (SBAR (WHADVP when )WHADVP (S (NP Sears )NP (VP *UNKED (NP the *UNK )NP (PP with (NP (NP ads )NP (PP about (NP its new pricing strategy )NP )PP )NP )PP )VP )S )SBAR )NP )PP )PP )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP (NP the number )NP (PP of (NP (NP people )NP (SBAR (WHNP who )WHNP (S (VP (ADVP *UNKLY )ADVP cited (NP lower prices )NP (PP as (NP (NP the reason )NP (PP for (NP (NP their interest )NP (PP in (NP Sears )NP )PP )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP (VP declined (PP to (NP 16 % )NP )PP (PP in (NP September )NP )PP (PP from (NP (NP 33 % )NP (PP in (NP March )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP (QP Just 5 )QP % )NP (PP of (NP the respondents )NP )PP )NP (VP mentioned (NP brands )NP (PP in (NP September )NP )PP , (ADVP up slightly (PP from (NP 2 % )NP (PP in (NP March )NP )PP )PP )ADVP )VP . )S  STOP
(S (NP (NP (QP Only 2 )QP % )NP (PP of (NP (NP the people )NP (PP in (NP September )NP )PP )NP )PP )NP (VP cited (NP (NP Sears 's )NP `` friendly personnel )NP )VP . '' )S  STOP
(SINV `` (S (NP (NP The power )NP (PP of (NP price )NP )PP (PP as (NP an appeal )NP )PP , (SBAR (WHNP which )WHNP (S (VP was (ADJP very considerable )ADJP (PP in (S (VP driving (NP traffic )NP (PP in (NP March and April )NP )PP )VP )S )PP )VP )S )SBAR , )NP (VP has (VP diminished )VP )VP )S , '' (VP says )VP (NP (NP George *UNKC )NP , (NP (NP president )NP (PP of (NP *UNKC & Associates )NP )PP )NP )NP . )SINV  STOP
(S (S `` (NP You )NP (VP see (NP some improvement )NP (PP in (NP these other areas )NP )PP )VP )S , but (S (NP it )NP (VP 's (NP a (ADJP very small and slow )ADJP process )NP )VP )S . '' )S  STOP
(S (PP For (NP the third quarter )NP )PP , (NP Sears )NP (VP said (SBAR (S (NP its total revenue )NP (VP rose (NP 4.8 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Net income )NP (PP at (NP (NP Sears 's )NP merchandise group )NP )PP , (SBAR (WHNP which )WHNP (S (VP includes (NP (NP international and credit card operations )NP , (CONJP as well as )CONJP (NP U.S. stores )NP )NP )VP )S )SBAR , )NP (VP fell (NP 25 % )NP )VP . )S  STOP
(S (NP (NP Profit )NP (PP at (NP (NP Sears 's )NP *UNKC insurance unit )NP )PP )NP (VP fell (NP 38 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP because of (NP (NP Hurricane Hugo )NP , (SBAR (WHNP which )WHNP (S (VP *UNKED (NP (NP the greatest single storm damage loss )NP (PP in (NP (NP the company 's )NP history )NP )PP )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Sears )NP (VP said (SBAR (S (NP (NP claims )NP (PP from (NP the storm )NP )PP )NP , (SBAR as (S (VP expected )VP )S )SBAR , (VP reduced (NP its third-quarter net )NP (PP by (NP (NP (QP $ 80 million )QP )NP , or (NP (NP 23 cents )NP (NP a share )NP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP is (VP expected (S (VP to (VP absorb (NP another big hit )NP (PP in (NP the fourth quarter )NP )PP (SBAR as (S (NP claims )NP (VP *UNK (ADVP in )ADVP (PP from (NP the San Francisco earthquake )NP )PP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S But (NP a spokesman )NP (VP said (SBAR (S (NP the quake )NP (VP wo n't (VP have (NP (NP (ADJP as big )ADJP a financial impact )NP (PP on (NP *UNKC )NP )PP (SBAR as (S (NP Hurricane Hugo )NP (VP did )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Net income )NP (PP at (NP (NP Sears 's )NP Dean Witter *UNKC Services group )NP )PP )NP , (ADVP meanwhile )ADVP , (VP rose (NP (QP nearly 32 )QP % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP , (S (VP reflecting (NP (NP improvements )NP (PP in (NP its basic stock brokerage and *UNKC credit card businesses )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP (NP Profit )NP (PP at (NP (NP Sears 's )NP *UNKC *UNKC Real Estate Group )NP )PP )NP (VP (ADVP nearly )ADVP *UNKED (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP because of (NP (NP gains )NP (PP on (NP (NP sales )NP (PP of (NP property )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP (NP yesterday )NP , (NP Sears shares )NP (VP closed (PP at (NP (NP $ *UNKN )NP , (ADVP up (NP 87.5 cents )NP )ADVP )NP )PP )VP . )S  STOP
(S (NP (NP Oil imports )NP (PP to (NP Japan )NP )PP )NP (VP rose (NP 12 % )NP (PP in (NP September )NP )PP (PP from (NP year-earlier levels )NP )PP , (PP according (PP to (NP (NP statistics )NP (VP released (PP by (NP (NP (NP the government 's )NP Ministry )NP (PP of (NP International Trade and Industry )NP )PP )NP )PP )VP )NP )PP )PP )VP . )S  STOP
(S (NP (NP The imports )NP , (VP totaling (NP (QP *UNKN million )QP barrels )NP )VP , )NP (VP were (ADJP (ADJP (NP 11 % )NP lower )ADJP (PP than (NP August levels )NP )PP )ADJP )VP . )S  STOP
(S (NP The *UNK- rise )NP (VP was (PP (PP (ADVP partly )ADVP because of (NP (NP higher demand )NP (PP for (NP petroleum products )NP )PP )NP )PP , and (PP (ADVP partly )ADVP because of (NP (NP tax changes )NP (PP in (NP 1988 )NP )PP (SBAR (WHNP that )WHNP (S (VP left (NP oil companies )NP (PP with (NP (NP high inventories )NP (PP in (NP the *UNK- *UNKC )NP )PP )NP )PP )VP )S )SBAR )NP )PP )PP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP of (NP crude )NP )PP (PP from (NP the *UNKC East )NP )PP )NP (VP grew (NP 17 % )NP (PP from (NP year-earlier levels )NP )PP )VP )S , and (S (NP (ADJP *UNKC Asian )ADJP crude imports )NP (VP grew (NP 43 % )NP )VP )S . )S  STOP
(S (SBAR While (S (NP *UNKC crude imports )NP (VP were (ADJP higher )ADJP (PP compared (PP with (NP year-earlier levels )NP )PP )PP )VP )S )SBAR , (NP they )NP (VP fell (NP 18 % )NP (PP compared (PP with (NP August imports )NP )PP )PP )VP . )S  STOP
(S (NP (ADJP *UNKC Asian )ADJP crude imports )NP , (ADVP however )ADVP , (VP were (ADJP (ADJP (NP 3.6 % )NP higher )ADJP (PP than (NP August )NP )PP )ADJP )VP . )S  STOP
(S (NP This )NP (VP is (PP in (NP (NP response )NP (PP to (NP (NP (NP George *UNKC 's )NP Business World column )NP `` (S (NP The Housing Market )NP (VP Is (NP (NP a *UNKC *UNKC )NP (SBAR *UNKC (S (NP You )NP (VP *UNKC )VP )S )SBAR )NP )VP )S '' (PRN -LRB- (NP *UNKED page )NP , (NP Sept. 26 )NP -RRB- )PRN )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP Houston )NP )PP , (NP we )NP (VP have (VP seen (SBAR (WHADJP how bad )WHADJP (S (NP the housing problem )NP (VP can (VP become )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP *UNKED houses )NP (VP *UNK (ADVP rapidly )ADVP , (S (VP affecting (NP (NP the value )NP (PP of (NP nearby homes )NP )PP )NP )VP )S )VP )S ; (S (PP in (NP a *UNK effect )NP )PP , (NP the entire neighborhood )NP (VP can (VP fall (S (NP victim )NP )S )VP )VP )S . )S  STOP
(S (PP At (NP this stage )NP )PP (NP some people )NP (ADVP just )ADVP `` (VP walk (ADVP away '' (PP from (NP (NP homes )NP (SBAR (WHADVP where )WHADVP (S (NP the mortgage )NP (VP exceeds (NP current market value )NP )VP )S )SBAR )NP )PP )ADVP )VP . )S  STOP
(S (S But (NP (NP most )NP (PP of (NP them )NP )PP )NP (VP could (VP have (VP *UNKED (S (VP to (VP keep (PRT up )PRT (NP their payments )NP )VP )VP )S )VP )VP )VP )S -- (S (NP they )NP (VP chose (S not (VP to (VP do (ADVP so )ADVP )VP )VP )S )VP )S . )S  STOP
(S (NP The problem )NP (VP is (ADJP so vast (SBAR that (S (NP we )NP (VP need (S (VP to (VP try (NP innovative solutions )NP -- (PP in (NP *UNK- experiments )NP )PP )VP )VP )S )VP )S )SBAR )ADJP )VP . )S  STOP
(SINV (ADVP Here )ADVP (VP are )VP (NP some ideas )NP : )SINV  STOP
(S (LST 1 )LST -RRB- (NP *UNKED homes )NP (VP could (VP be (VP sold (PP by (NP the FHA )NP )PP (PP (PP for (NP (NP no down payment )NP (PRN -LRB- (NP (NP the biggest obstacle )NP (PP to (NP young buyers )NP )PP )NP -RRB- )PRN )NP )PP , but (PP with (NP (NP (NP personal liability )NP (PP for (NP the mortgage )NP )PP )NP (PRN -LRB- (NP no (S (VP walking (ADVP away )ADVP (PP by (NP choice )NP )PP )VP )S )NP -RRB- )PRN )NP )PP )PP )VP )VP )VP . )S  STOP
(S (LST 2 )LST -RRB- (S (VP *UNKC (NP long-term *UNK )NP (PP by (S (VP *UNKING (NP (NP (NP one month 's )NP payment )NP (PRN -LRB- (PP off (NP (NP the *UNK end )NP (PP of (NP the mortgage )NP )PP )NP )PP -RRB- )PRN )NP (PP for (NP (NP every six months )NP (VP paid )VP )NP )PP )VP )S )PP )VP )S ; or (ADVP perhaps )ADVP (S (VP have (S (NP the down payment )NP (VP (VP *UNKED (PP to (NP (NP the end )NP (PP of (NP the mortgage )NP )PP )NP )PP (PRN -LRB- (NP balloon )NP -RRB- )PRN )VP , but (VP `` *UNK '' (PP on (NP a monthly *UNK- basis )NP )PP (ADVP (ADVP as long )ADVP (SBAR as (S (NP the owner )NP (VP remains (NP the *UNK )NP )VP )S )SBAR )ADVP )VP )VP )S )VP )S . )S  STOP
(S (LST 3 )LST -RRB- (VP *UNKC (NP (NP rental agreements )NP (PP with (NP (NP exclusive purchase options )NP (PP for (NP the *UNK )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP An *UNK )NP (VP will , (PP in (NP most every case )NP )PP , (VP be (ADJP (ADJP better )ADJP (PP for (NP the home and neighborhood )NP )PP (PP than (NP a *UNK house )NP )PP )ADJP )VP )VP . )S  STOP
(S (PP In (NP this way )NP )PP , (NP the house )NP (VP is not (VP dumped (PP on (PP to (NP a *UNKED market )NP )PP )PP )VP )VP . )S  STOP
(NP John F. Merrill )NP  STOP
(NP Houston )NP  STOP
(S (NP (NP The Federal Housing Administration )NP , (NP *UNKC Administration )NP and (NP (NP the Department )NP (PP of (NP (NP Housing )NP and (NP Urban Development )NP )NP )PP )NP )NP (ADVP further )ADVP (VP *UNK (NP (NP the problem )NP (PP of (NP *UNK housing stock )NP )PP )NP (PP by `` (S (VP (VP buying (ADVP in )ADVP '' (PP to (NP (NP their *UNKED properties )NP (PRN -LRB- (SBAR (WHPP of (WHNP which )WHNP )WHPP (S (NP there )NP (VP are , (INTJ *UNK )INTJ , (NP (NP many )NP )NP )VP )S )SBAR -RRB- )PRN )NP )PP (PP at (NP (NP an inflated `` balance due '' )NP -- (S (VP say (NP (NP $ 80,000 )NP (PP on (NP (NP a house )NP (ADJP worth (NP $ *UNKN )NP )ADJP )NP )PP )NP )VP )S )NP )PP )VP -- (CONJP instead of )CONJP (VP allowing (S (NP a free market )NP (VP to (VP price (NP the house )NP (PP for (SBAR (WHNP what )WHNP (S (NP it )NP (VP 's (ADJP really worth )ADJP )VP )S )SBAR )PP )VP )VP )S )VP )VP )S )PP )VP . )S  STOP
(S (S (ADJP *UNKC )ADJP )S , (S (NP the properties )NP (ADVP then )ADVP (VP (VP sit (PRT around )PRT (S (VP *UNKING (PP for (NP maybe a year (QP or so )QP )NP )PP )VP )S )VP , but (VP are (VP *UNK (ADVP eventually )ADVP -LRB- (PP because of (NP (NP the *UNK )NP (PP of (NP (NP the low down payment )NP , (NP *UNK . )NP )NP )PP )NP )PP -RRB- (PP to (NP (NP a marginal buyer )NP (SBAR (WHNP who )WHNP (S (VP ca n't (VP afford (NP both (NP the mortgage )NP and (NP needed repairs )NP )NP )VP )VP )S )SBAR )NP )PP )VP )VP )VP )S ; and (S (S (VP having (NP little *UNKED interest )NP )VP )S (NP that buyer )NP (VP will (VP walk (ADVP away )ADVP )VP )VP )S and (S (NP the *UNK cycle )NP (VP *UNK (NP itself )NP (ADVP all over again )ADVP )VP )S . )S  STOP
(NP Paul *UNKC )NP  STOP
(S (NP (NP Italy 's )NP unemployment rate )NP (VP (VP rose (PP to (NP (NP 12 % )NP (PP of (NP the labor force )NP )PP )NP )PP (PP in (NP July )NP )PP (PP from (NP *UNKN % )NP (PP in (NP April )NP )PP )PP )VP , and (VP was (ADVP up (PP from (NP *UNKN % )NP (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )VP , (PP according (PP to (NP (NP quarterly figures )NP (PP from (NP the state statistical institute )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP (NP a national survey )NP (PP during (NP (NP the first week )NP (PP of (NP July )NP )PP )NP )PP )NP (VP showed (SBAR (S (NP (NP the number )NP (PP of (NP job *UNK )NP )PP )NP (VP was (NP (NP *UNKN )NP (ADVP up (PP (PP from (NP *UNKN )NP (PP in (NP April )NP )PP )PP , and (PP from (NP *UNKN )NP (ADVP (NP a year )NP ago )ADVP )PP )PP )ADVP )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP The unemployment rate )NP (VP was (PP by (ADVP far )ADVP )PP (NP (NP the highest )NP (PP in (NP the southern , so-called *UNKC region )NP )PP )NP )VP . )S  STOP
(S (NP The southern unemployment rate )NP (VP rose (PP to (NP *UNKN % )NP )PP (PP in (NP July )NP )PP (PP (PP from (NP *UNKN % )NP (PP in (NP April )NP )PP )PP and (PP from (NP *UNKN % )NP (ADVP (NP a year )NP earlier )ADVP )PP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP (NP (QP *UNKN more )QP people )NP )NP (VP were (VP employed (PP in (NP July )NP )PP (PP than (PP in (NP April )NP )PP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Xerox Corp. 's )NP third-quarter net income )NP (VP grew (NP 6.2 % )NP (PP on (NP (ADJP (NP *UNKN % )NP higher )ADJP revenue )NP )PP , (S (VP earning (NP mixed reviews )NP (PP from (NP Wall Street analysts )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC net )NP (PP for (NP the *UNK- and financial-services company )NP )PP )NP (VP rose (PP to (NP (NP (QP $ 155 million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP , (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP , (PP in (NP the year-earlier period )NP )PP )VP . )S  STOP
(S (NP Revenue )NP (VP rose (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP , (NP Xerox )NP (VP closed (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP , (ADVP up (NP $ 1 )NP )ADVP )VP . )S  STOP
(SINV (S (NP (NP Sales growth and profit )NP (PP in (NP (NP business products and systems )NP (PRN -- (NP (NP Xerox 's )NP main business )NP -- )PRN )NP )PP )NP (VP were `` (ADJP disappointing )ADJP )VP )S , '' (VP said )VP (NP (NP B. Alex Henderson )NP , (SBAR (WHNP who )WHNP (S (VP follows (NP the company )NP (PP for (NP Prudential-Bache Securities Inc )NP )PP )VP )S )SBAR )NP . )SINV  STOP
(S (S (S (NP (NP Sales )NP (PP of (NP (NP Xerox *UNK )NP and (NP other office products )NP )NP )PP )NP (VP grew (NP 1.6 % )NP )VP )S ; `` (S (NP we )NP (VP expected (NP (NP growth )NP (PP of (NP (QP 6 % to 7 % )QP )NP )PP )NP )VP )S )S , '' (NP Mr. Henderson )NP (VP said )VP . )S  STOP
(S (S (NP *UNKC margins )NP (VP slipped (NP (QP almost 18 )QP % )NP , (PP to (NP (NP 4.3 % )NP (PP of (NP sales )NP )PP )NP )PP )VP )S , (NP the analyst )NP (VP noted )VP . )S  STOP
(SINV (S (ADVP Still )ADVP , (PP with (S (NP (NP competitors )NP (PP such as (NP Eastman Kodak Co. )NP )PP )NP (VP *UNKING (PP in (NP *UNK sales )NP )PP )VP )S )PP , (NP (NP Xerox 's )NP sales increases )NP `` (VP were (ADJP encouraging )ADJP )VP )S , '' (VP says )VP (NP (NP Eugene *UNKC )NP (PP of (NP Dean Witter Reynolds Inc )NP )PP )NP . )SINV  STOP
(S `` (S (S (NP They )NP (VP are (VP holding (NP their own )NP (PP in (NP a weak market )NP )PP )VP )VP )S , and (S (NP the restructuring )NP (VP is (VP working )VP )VP )S )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP (NP David T. *UNKC )NP , (NP Xerox (NX (NX chairman )NX and (NX chief executive officer )NX )NX )NP , )NP (VP cited (NP (NP the restructuring )NP and (NP `` strong '' cost controls )NP )NP (PP for (NP (NP the (ADJP 13 % )ADJP growth )NP (PP in (NP (NP profit )NP (PP from (NP business products and systems operations )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP expects (S (NP Xerox )NP (VP to (VP experience (NP (NP tough *UNKING )NP (PRN , (ADVP though )ADVP , )PRN (PP in (NP financial services )NP )PP )NP (PP because of (NP (NP rate pressures )NP and (NP (NP uncertainty )NP (VP surrounding (NP (NP tax treatment )NP (PP of (NP capital gains )NP )PP )NP )VP )NP )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP In (NP the quarter )NP )PP , (NP the *UNKC & *UNKC insurance unit )NP (VP reported (NP (NP (NP (QP $ 200 million )QP )NP )NP (PP before (NP tax )NP )PP (PP of (NP (NP capital gains )NP (PP from (NP property and casualty operations )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The subsidiary )NP (ADVP also )ADVP (VP (VP increased (NP reserves )NP (PP by (NP (QP $ 140 million )QP )NP )PP )VP , (ADVP however )ADVP , and (VP set (ADVP aside )ADVP (NP an additional (QP $ 25 million )QP )NP (PP for (NP (NP claims )NP (VP connected (PP with (NP Hurricane Hugo )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP Xerox )NP (VP earned (NP (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (ADVP up (NP 5.8 % )NP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )ADVP )NP )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP 7.6 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (S (NP (NP New orders )NP (PP for (NP durable goods )NP )PP )NP (VP fell (ADVP back )ADVP (ADVP slightly )ADVP (PP in (NP September )NP )PP (PP after (S (VP *UNKING (ADVP up )ADVP (NP (NP the month )NP (ADVP before )ADVP )NP )VP )S )PP , (S (VP reflecting (NP (NP weakening auto demand )NP (PP after (NP (NP a *UNK )NP (PP of (NP (NP orders )NP (PP for (NP new 1990 models )NP )PP )NP )PP )NP )PP )NP )VP )S )VP )S , (NP the Commerce Department )NP (VP reported )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP for (NP (NP military equipment )NP , (NP household appliances )NP , (NP machinery )NP and (NP (NP other goods )NP (VP expected (S (VP to (VP last (NP (QP at least three )QP years )NP )VP )VP )S )VP )NP )NP )PP )NP (VP *UNKED (NP 0.1 % )NP (NP last month )NP , (PP to (NP (QP $ *UNKN billion )QP )NP )PP , (PP after (S (VP *UNKING (NP 3.9 % )NP (PP in (NP August )NP )PP )VP )S )PP )VP )S , (NP the department )NP (VP said )VP . )S  STOP
(S (NP Most analysts )NP (VP had (VP expected (NP a *UNK decline )NP (PP after (NP (NP the steep rise )NP (PP in (NP August )NP )PP )NP )PP )VP )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP (NP a recent government report )NP (VP showing (NP (NP widespread layoffs )NP (PP in (NP manufacturing )NP )PP )NP )VP )NP (VP had (VP contributed (PP to (NP *UNK (SBAR that (S (NP (NP the manufacturing sector )NP (PP of (NP the economy )NP )PP )NP (VP had (VP slowed (PP to (NP a *UNK )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S But (NP many economists )NP (VP pointed (PP to (NP (NP a (ADJP 1.8 % )ADJP September rise )NP (PP in (NP (NP orders )NP (ADVP outside (NP the volatile transportation category )NP )ADVP )NP )PP )NP )PP )VP . )S  STOP
(SINV (S (NP That )NP `` (VP suggests (SBAR (S (NP the manufacturing sector )NP (VP is not (VP falling (ADVP apart )ADVP )VP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP *UNKLY *UNKC )NP , (NP (NP an economist )NP (PP at (NP (NP Manufacturers Hanover Securities Corp. )NP (PP in (NP New York )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP She )NP (VP added , (ADVP however )ADVP : `` (S (NP It )NP (VP is not (ADJP robust )ADJP (PP by (NP any means )NP )PP )VP )S )VP . '' )S  STOP
(S (SBAR While (S (NP (NP a decline )NP (PP in (NP (NP orders )NP (PP for (NP (NP cars )NP and (NP *UNK *UNK )NP )NP )PP )NP )PP )NP (VP pulled (PRT down )PRT (NP the orders total )NP )VP )S )SBAR , (NP (NP an enormous jump )NP (PP in (NP (NP orders )NP (PP for (NP heavy military equipment )NP )PP )NP )PP )NP (VP *UNKED (NP it )NP (PRT up )PRT )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP for (NP capital defense goods )NP )PP )NP (VP *UNKED (NP 56 % )NP )VP )S , and (S (NP a government analyst )NP (VP said (SBAR (S (NP (NP (ADJP nearly all )ADJP areas )NP )NP (VP saw (NP increases )NP , (PP including (NP (NP *UNK )NP , (NP missiles )NP , (NP ships )NP , (NP tanks )NP and (NP communications equipment )NP )NP )PP )VP )S )SBAR )VP )S . )S  STOP
(S (NP (NP *UNKC )NP (PP for (NP military goods )NP )PP )NP (ADVP usually )ADVP (VP *UNK (PP in (NP September )NP )PP (PRN , (S (NP government officials )NP (VP say )VP )S , )PRN (SBAR as (S (NP the Pentagon )NP (VP *UNK (S (VP to (VP spend (NP its money )NP (SBAR before (S (NP the new fiscal year )NP (VP begins (NP Oct. 1 )NP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (SBAR While (S (NP (NP all the numbers )NP (PP in (NP the durable goods report )NP )PP )NP (VP were (VP adjusted (PP for (NP seasonal fluctuations )NP )PP )VP )VP )S )SBAR , (NP a Commerce Department analyst )NP (VP said (SBAR that (S (NP the adjustment )NP (ADVP probably )ADVP (VP did n't (VP factor (ADVP out )ADVP (NP (NP all )NP (PP of (NP (NP the *UNKING surge )NP (PP in (NP defense orders )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Without (NP (NP the increase )NP (PP in (NP defense *UNK )NP )PP )NP )PP , (NP September orders )NP (VP would (VP have (VP plummeted (NP 3.9 % )NP )VP )VP )VP . )S  STOP
(S (NP Analysts )NP (VP were (VP (ADVP most )ADVP unsettled (PP by (NP evidence (SBAR (S (NP (NP the backlog )NP (PP of (NP orders )NP )PP (PP at (NP factories )NP )PP )NP (VP is (VP slipping )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKED orders )NP (PP for (NP durable goods )NP )PP )NP (VP rose (NP 0.4 % )NP (PP in (NP September )NP )PP , (PP to (NP (QP $ *UNKN billion )QP )NP )PP , (PP after (S (VP declining (PP for (NP (NP the first time )NP (PP in (NP (QP 2 1\/2 )QP years )NP )PP )NP )PP (PP in (NP August )NP )PP )VP )S )PP )VP . )S  STOP
(S (PP In (NP July )NP )PP (NP *UNKED orders )NP (VP grew (NP 1 % )NP )VP . )S  STOP
(S But (NP analysts )NP (VP noted (SBAR that (S (PP excluding (NP (NP transportation )NP - (SBAR (WHADVP where )WHADVP (S (SBAR (WHNP what )WHNP (S (NP they )NP (VP believe (S (VP was (NP (NP a temporary surge )NP (PP in (NP auto demand )NP )PP )NP )VP )S )VP )S )SBAR (VP pushed (ADVP up )ADVP (NP the figures )NP )VP )S )SBAR - )NP )PP (NP order *UNK )NP (VP have (VP declined (PP for (NP (NP three months )NP (PP in (NP a row )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (NP It )NP (VP means (SBAR (S (NP we )NP (VP 're (VP eating (PP into (NP (NP the *UNK )NP (SBAR (WHNP that )WHNP (S (VP keeps (S (NP us )NP (VP going )VP )S )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP That )NP (VP is (ADJP a little *UNKING )ADJP )VP )S , '' (NP Ms. *UNKC )NP (VP said )VP . )S  STOP
(S `` (NP It )NP (ADVP also )ADVP (VP means (SBAR (S (SBAR if (S (NP you )NP (VP have (NP (NP a real *UNK- )NP (PP in (NP orders )NP )PP )NP )VP )S )SBAR , (NP production )NP (VP will (ADVP likely )ADVP (VP fall (PRT off )PRT (ADVP very quickly )ADVP (SBAR because (S (NP there )NP (VP is (NP (NP less )NP (SBAR (S (VP to (VP keep (S (NP things )NP (VP going )VP )S )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP Capital goods orders )NP (ADVP outside (PP of (NP the defense sector )NP )PP )ADVP )NP (VP tumbled (PP for (NP (NP the second month )NP (PP in (NP a row )NP )PP )NP )PP , (S (VP posting (NP a (ADJP 5.6 % )ADJP drop )NP (PP after (NP a (ADJP *UNKN % )ADJP decline )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP Such steep drops )NP (PP in (NP (NP a category )NP (VP seen (PP as (NP (NP a *UNK )NP (PP of (NP business investment )NP )PP )NP )PP )VP )NP )PP )NP (VP would (ADVP *UNKLY )ADVP (VP be (NP *UNK news )NP (PP for (NP the economy )NP )PP )VP )VP . )S  STOP
(S But (NP a Commerce Department analyst )NP (VP said (SBAR that (S (PP in (NP both months )NP )PP (NP orders )NP (VP would (VP have (VP risen (SBAR (SINV had (NP it )NP not (VP been (PP for (NP (NP a drop )NP (PP in (NP (NP *UNK aircraft *UNK )NP , (NP (NP a category )NP (SBAR (WHNP that )WHNP (S (VP is (VP showing (NP declines )NP (PP (ADVP only )ADVP after (NP (NP a huge surge )NP (NP earlier this year )NP )NP )PP )VP )VP )S )SBAR )NP )NP )PP )NP )PP )VP )SINV )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Still )ADVP , (NP (NP Milton Hudson )NP , (NP (NP senior economic adviser )NP (PP at (NP (NP Morgan *UNKC Trust Co. )NP (PP in (NP New York )NP )PP )NP )PP )NP , )NP (VP said : `` (S (SBAR If (S (NP you )NP (VP look (ADVP back )ADVP (NP a *UNK- (QP or so )QP )NP )VP )S )SBAR (NP (NP the evidence )NP )NP (VP was (ADJP pretty good )ADJP (PP of (NP (NP *UNK strength )NP (PP in (NP the *UNK- sector )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (S (ADVP Now )ADVP (ADVP at least )ADVP (NP there )NP (VP are (NP (NP question marks )NP (PP about (NP that )NP )PP )NP )VP )S , and (S (PP without (NP any question )NP )PP (NP (NP the pace )NP (PP of (NP growth )NP )PP )NP (VP has (VP slowed )VP )VP )S . )S  STOP
(S (NP Norfolk Southern Corp. directors )NP (VP authorized (S (NP the railroad company )NP (VP to (VP buy (PRT back )PRT (NP (NP (QP as many as 45 million )QP )NP (PP of its shares )PP , (SBAR (WHNP which )WHNP (S (VP would (VP have (NP (NP a current value )NP (PP of (NP (QP more than $ 1.7 billion )QP )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP The buy-back )NP , (VP *UNKED (PP with (NP (NP a (ADJP nearly completed )ADJP earlier purchase )NP (PP of (NP (QP 20 million )QP shares )NP )PP )NP )PP )VP , )NP (VP would (VP reduce (NP (NP shares )NP (ADJP outstanding )ADJP )NP (PP by (NP (QP more than 26 )QP % )NP )PP )VP )VP . )S  STOP
(S (NP The (NAC Norfolk , Va. , )NAC company )NP (VP has (NP (NP (QP *UNKN million )QP shares )NP (ADJP outstanding )ADJP )NP )VP . )S  STOP
(S (PP In (NP a statement )NP )PP , (NP (NP Arnold B. *UNKC )NP , (NP (NP chairman )NP and (NP chief executive officer )NP )NP , )NP (VP noted (SBAR that (S (NP the new repurchase program )NP `` (VP should (VP serve (S (VP to (VP enhance (NP shareholder value )NP )VP )VP )S )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP A spokeswoman )NP (VP said (SBAR (S (NP the company )NP (VP will (VP finance (NP the buy-back )NP (PP with (NP (NP (NP cash )NP (PP on (NP hand )NP )PP )NP , (NP borrowing )NP and `` (NP (NP cash )NP (SBAR (S (NP Norfolk )NP (VP expects (S (VP to (VP generate )VP )VP )S )VP )S )SBAR )NP )NP )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (S (NP Analysts )NP (VP said (SBAR (S (NP they )NP (VP expected (NP the action )NP )VP )S )SBAR )VP )S , and (S (NP investors )NP (VP *UNKED (NP the move )NP )VP )S . )S  STOP
(S (PP In (NP composite trading )NP )PP (PP on (NP the New York Stock Exchange )NP )PP , (NP Norfolk Southern shares )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP up (NP $ 1.125 )NP )ADVP )VP . )S  STOP
(S (ADVP Still )ADVP , (NP analysts )NP (VP do n't (VP expect (S (NP the buy-back )NP (VP to (VP (ADVP significantly )ADVP affect (NP per-share earnings )NP (PP in (NP the short term )NP )PP )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP The impact )NP (VP wo n't (VP be (ADJP that great )ADJP )VP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP (PP of (NP First Boston Corp )NP )PP )NP . )SINV  STOP
(S (S (NP That )NP (VP is (PP in (NP part )NP )PP (PP because of (NP (NP the effect )NP (PP of (S (VP having (S (VP to (VP average (NP (NP the number )NP (PP of (NP (NP shares )NP (ADJP outstanding )ADJP )NP )PP )NP )VP )VP )S )VP )S )PP )NP )PP )VP )S , (NP she )NP (VP said )VP . )S  STOP
(S (PP In (NP addition )NP )PP (PRN , (S (NP Mrs. *UNKC )NP (VP said )VP )S , )PRN (NP Norfolk )NP (VP is (ADJP likely (S (VP to (VP (VP draw (PRT down )PRT (NP its cash )NP (ADVP initially )ADVP (S (VP to (VP finance (NP the purchases )NP )VP )VP )S )VP and (VP (ADVP thus )ADVP *UNK (NP some interest income )NP )VP )VP )VP )S )ADJP )VP . )S  STOP
(S (S (NP *UNKC term )NP , (ADVP however )ADVP , (NP the buy-back )NP (VP is (VP expected (S (VP to (VP increase (NP earnings )NP , (PP (ADVP especially )ADVP after (NP 1990 )NP )PP )VP )VP )S )VP )VP )S , (NP Mrs. *UNKC )NP (VP said )VP . )S  STOP
(SINV (S (ADVP Moreover )ADVP , (NP the extensive program )NP (PP in (NP effect )NP )PP (VP *UNK (NP (NP a floor )NP (PP for (NP the stock price )NP )PP )NP )VP )S , (VP said )VP (NP (NP Joel Price )NP , (NP (NP analyst )NP (PP for (NP Donaldson , Lufkin & Jenrette )NP )PP )NP )NP . )SINV  STOP
(S (S (NP The buy-back )NP `` (VP is (ADVP really )ADVP (NP (NP a *UNK )NP (PP to (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP want (S (VP to (VP buy (NP the stock )NP )VP )VP )S )VP )S )SBAR )NP )PP (SBAR that (S (NP there )NP (VP is (NP a (PRN -LCB- price -RCB- )PRN floor )NP )VP )S )SBAR )NP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S `` (PP At (NP a certain price )NP )PP , (SBAR if (S (NP the management )NP (VP thinks (SBAR (S -LCB- (NP the stock )NP -RCB- (VP is (ADJP cheap )ADJP )VP )S )SBAR )VP )S )SBAR , (NP they )NP (VP can (VP (VP go (ADVP in )ADVP )VP and (VP buy (NP it )NP )VP )VP )VP . '' )S  STOP
(S (PP Under (NP the program )NP )PP , (NP Norfolk )NP (VP plans (S (VP to (VP acquire (NP shares )NP (PP in (NP the open market )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP Under (NP the earlier plan )NP )PP , (NP Norfolk )NP (VP was (VP authorized (PP in (NP 1987 )NP )PP (S (VP to (VP buy (NP (QP up to 20 million )QP shares )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP It )NP (VP has (VP purchased (NP (NP (QP about 19 million )QP )NP (PP of (NP them )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP John B. *UNKC )NP , (ADJP (NP 55 years )NP old )ADJP , )NP (VP resigned (PP as (NP (NP chairman )NP (PP of (NP this *UNK truck manufacturer )NP )PP )NP )PP , (PP effective (PP upon (NP (NP appointment )NP (PP of (NP a successor )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP Last month )NP , (NP Mr. *UNKC )NP (VP was (VP succeeded (PP by (NP Ralph E. *UNKC )NP )PP (PP as (NP chief executive officer )NP )PP (PP following (NP (NP several quarters )NP (PP of (NP (ADJP lackluster or declining )ADJP performance )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Falcon Holding Group Inc. )NP (VP said (SBAR (S (NP it )NP (VP agreed (S (VP to (VP acquire (NP (QP about *UNKN )QP subscribers )NP (PP from (NP First Carolina Cable TV Limited Partnership )NP )PP (PP for (NP (NP (QP about $ 100 million )QP )NP , or (NP (NP (QP roughly $ 2,000 )QP )NP (NP a *UNK )NP )NP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The subscribers )NP (VP are (PP in (NP (NP 52 different communities )NP (PP in (NP Georgia , *UNKC and Mississippi )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP of (NP the sale )NP )PP )NP (VP is (VP expected (NP early next year )NP )VP )VP )S , (NP Falcon )NP (VP said )VP . )S  STOP
(S (S (ADVP Currently )ADVP , (NP Falcon )NP (VP has (NP (NP (QP about *UNKN )QP *UNK- subscribers )NP (ADVP around (NP the nation )NP )ADVP )NP )VP )S ; (S (NP (NP the company 's )NP *UNK- unit )NP (VP reported (NP (NP 1988 revenue )NP (PP of (NP (QP about $ 100 million )QP )NP )PP )NP )VP )S . )S  STOP
(S (PP In (NP composite trading )NP )PP (PP on (NP the American Stock Exchange )NP )PP , (NP Falcon )NP (VP closed (PP at (NP $ 20 )NP )PP , (ADVP unchanged )ADVP )VP . )S  STOP
(S (NP (NP Richard W. *UNKC )NP , (NP (NP retired vice president and treasurer )NP (PP of (NP *UNKC Inc. )NP )PP )NP , )NP (VP was (VP named (S (NP (NP a director )NP (PP of (NP this transportation industry supplier )NP )PP )NP )S , (S (VP increasing (NP its board )NP (PP to (NP six members )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP USX Corp. )NP (VP said (SBAR (S (NP it )NP (VP delayed (NP (NP the proposed initial public offering )NP (PP of (NP (NP common stock )NP (PP of (NP *UNKC *UNKC Co. )NP )PP )NP )PP )NP (PP because of (NP market conditions )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP is (VP owned (ADVP jointly )ADVP (PP by (NP (NP USX )NP and (NP Quantum Chemical Corp )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP USX )NP , (SBAR (WHNP which )WHNP (S (VP had n't (VP set (NP (NP a date )NP (PP for (NP the offering )NP )PP )NP )VP )VP )S )SBAR , )NP (VP did n't (VP disclose (NP (NP any timetable )NP (PP for (NP the offering )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP (NP Your Oct. 2 editorial )NP `` (NP *UNKING , *UNKING & *UNKC )NP '' (PP on (NP the recent `` education summit '' )NP )PP )NP (VP was (PP like (NP (NP most pieces )NP (PP on (NP (NP the subject )NP (PP of (NP education )NP )PP )NP )PP )NP )PP )VP )S : (S (NP It )NP (VP had (NP (NP little )NP (SBAR (S (VP to (VP say )VP )VP )S )SBAR )NP )VP )S . )S  STOP
(S (ADVP *UNKLY )ADVP , (ADVP though )ADVP , (PP on (NP the very same page )NP )PP (NP you )NP (VP *UNKED (NP (NP a comment )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP (NP one )NP (PP of (NP (NP the (ADVP most serious )ADVP *UNK )NP (PP of (NP the American education system )NP )PP )NP )PP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP Unfortunately )ADVP , (NP the comment )NP (VP was (VP buried (PP in (NP another article )NP )PP , (SBAR so (S (NP it )NP (VP could not (VP stand (PRT out )PRT (PP in (NP an education context )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP (NP the *UNKC 's )NP Journal )NP )PP , (NP *UNKC Kageyama )NP , (PP in (S (VP *UNKING (PP on (NP (NP many differences )NP (PP between (NP (ADJP American and Japanese )ADJP culture )NP )PP )NP )PP )VP )S )PP , (VP said , `` (S (NP Japanese children )NP (VP are (VP raised (PP in (NP (NP a way )NP (SBAR (S (NP many Americans )NP (VP would (VP find (S (ADJP severe )ADJP )S )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP After (NP a (ADJP *UNKLY *UNK )ADJP early *UNK )NP )PP , (NP they )NP (VP are (VP exposed (PP to (NP rigid discipline )NP )PP (ADVP (ADVP as soon )ADVP (SBAR as (S (NP they )NP (VP enter (NP school )NP )VP )S )SBAR )ADVP )VP )VP . '' )S  STOP
(S (SBAR (WHNP What )WHNP (S (NP (NP (ADJP far too )ADJP many people )NP (ADJP concerned (PP about (NP education )NP )PP )ADJP )NP (VP either (VP fail (S (VP to (VP understand )VP )VP )S )VP or (VP choose (S (VP to (VP ignore )VP )VP )S )VP )VP )S )SBAR (VP is (SBAR that (S (NP American children )NP , (PP on (NP the whole )NP )PP , (VP are (PP among (NP (NP the (ADJP most *UNKED )ADJP )NP (PP in (NP the world )NP )PP )NP )PP , (S (VP making (S (NP (NP any attempt )NP (PP at (NP (NP improvements )NP (PP in (NP (NP the *UNK )NP (PP of (NP education )NP )PP )NP )PP )NP )PP )NP (ADJP potentially unsuccessful )ADJP )S )VP )S )VP )S )SBAR )VP . )S  STOP
(S (SBAR Unless (S (NP (NP parents and *UNK )NP (ADVP alike )ADVP )NP (VP start (S (VP to (VP develop (NP (NP more discipline )NP (PP in (NP children )NP )PP )NP )VP )VP )S )VP )S )SBAR , (NP all the *UNK concern , discussions and actions )NP (VP will not (VP solve (NP the problem )NP )VP )VP . )S  STOP
(NP (NP Allen B. *UNKC )NP (NP (NP *UNKC )NP , (NP *UNKC . )NP )NP )NP  STOP
(S (NP (NP (NP *UNKED *UNKC William J. *UNKC )NP , (NP (NP former chairman )NP (PP of (NP (NP the *UNKC *UNKC )NP (PP of (NP Staff )NP )PP )NP )PP )NP )NP , and (NP (NP Robert P. *UNKC )NP , (NP (NP (NP chairman )NP and (NP chief executive officer )NP )NP (PP of (NP Schering-Plough Corp. )NP )PP )NP )NP , )NP (VP were (VP elected (S (NP (NP directors )NP (PP of (NP this securities firm )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP The board )NP (VP expanded (PP to (NP 17 seats )NP )PP )VP . )S  STOP
(NP (NP Tuesday )NP , (NP October 24 , 1989 )NP )NP  STOP
(S (NP (NP The key (UCP U.S. and foreign )UCP annual interest rates )NP (ADVP below )ADVP )NP (VP (VP are (NP (NP a guide )NP (PP to (NP general levels )NP )PP )NP )VP but (VP do n't (ADVP always )ADVP (VP represent (NP actual transactions )NP )VP )VP )VP . )S  STOP
(NP (NP PRIME RATE )NP : (NP (QP 10 1\/2 )QP % )NP . )NP  STOP
(NP (NP The base rate )NP (PP on (NP (NP corporate loans )NP (PP at (NP large U.S. money center commercial banks )NP )PP )NP )PP . )NP  STOP
(NP (NP FEDERAL FUNDS )NP : (NP (NP (NP (QP 8 3\/4 )QP % )NP (ADJP high )ADJP )NP , (NP (NP (QP 8 5\/8 )QP % )NP (ADJP low )ADJP )NP , (NP (NP (QP 8 11\/16 )QP % )NP (PP near (NP closing )NP )PP (VP bid )VP )NP , (NP (NP (QP 8 11\/16 )QP % )NP (VP offered )VP )NP )NP . )NP  STOP
(NP (NP Reserves )NP (VP traded (PP among (NP commercial banks )NP )PP (PP for (NP overnight use )NP )PP (PP in (NP (NP amounts )NP (PP of (NP (QP $ 1 million )QP (QP or more )QP )NP )PP )NP )PP )VP . )NP  STOP
(NP (NP Source )NP : (NP Fulton Prebon (PRN -LRB- U.S.A . -RRB- )PRN Inc )NP . )NP  STOP
(NP (NP DISCOUNT RATE )NP : (NP 7 % )NP . )NP  STOP
(NP (NP The charge )NP (PP on (NP (NP loans )NP (PP to (NP depository institutions )NP )PP (PP by (NP the New York Federal Reserve Bank )NP )PP )NP )PP . )NP  STOP
(NP (NP CALL MONEY )NP : (NP (QP 9 3\/4 % to 10 % )QP )NP . )NP  STOP
(NP (NP The charge )NP (PP on (NP (NP loans )NP (PP to (NP brokers )NP )PP (PP on (NP stock exchange collateral )NP )PP )NP )PP . )NP  STOP
(NP (NP (NP COMMERCIAL PAPER )NP (VP placed (ADVP directly )ADVP (PP by (NP General Motors Acceptance Corp. )NP )PP )VP )NP : (NP (NP (NP 8.45 % )NP (NP (QP 30 to 44 )QP days )NP )NP ; (NP (NP 8.25 % )NP (NP (QP 45 to 68 )QP days )NP )NP ; (NP (NP *UNKN % )NP (NP (QP 69 to 89 )QP days )NP )NP ; (NP (NP *UNKN % )NP (NP (QP 90 to 119 )QP days )NP )NP ; (NP (NP 8 % )NP (NP (QP 120 to 149 )QP days )NP )NP ; (NP (NP 7.875 % )NP (NP (QP 150 to 179 )QP days )NP )NP ; (NP (NP 7.50 % )NP (NP (QP 180 to 270 )QP days )NP )NP )NP . )NP  STOP
(NP (NP COMMERCIAL PAPER )NP : (NP (NP (NP High-grade unsecured notes )NP (VP sold (PP through (NP dealers )NP )PP (PP by (NP major corporations )NP )PP (PP in (NP (NP multiples )NP (PP of (NP $ 1,000 )NP )PP )NP )PP )VP )NP : (NP (NP (NP 8.55 % )NP (NP 30 days )NP )NP ; (NP (NP *UNKN % )NP (NP 60 days )NP )NP ; (NP (NP 8.45 % )NP (NP 90 days )NP )NP )NP )NP . )NP  STOP
(NP (NP (NP CERTIFICATES )NP (PP OF (NP DEPOSIT )NP )PP )NP : (NP (NP (NP 8.09 % )NP (NP one month )NP )NP ; (NP (NP 8.09 % )NP (NP two months )NP )NP ; (NP (NP *UNKN % )NP (NP three months )NP )NP ; (NP (NP 8 % )NP (NP six months )NP )NP ; (NP (NP *UNKN % )NP (NP one year )NP )NP )NP . )NP  STOP
(NP (NP Average )NP (PP of (NP (NP top rates )NP (VP paid (PP by (NP major New York banks )NP )PP (PP on (NP (NP primary new issues )NP (PP of (NP negotiable C.D.s )NP )PP )NP )PP , (PP (ADVP usually )ADVP on (NP (NP amounts )NP (PP of (NP (QP $ 1 million )QP (QP and more )QP )NP )PP )NP )PP )VP )NP )PP . )NP  STOP
(S (NP The minimum unit )NP (VP is (NP $ 100,000 )NP )VP . )S  STOP
(NP (NP (NP Typical rates )NP (PP in (NP the secondary market )NP )PP )NP : (NP (NP (NP 8.55 % )NP (NP one month )NP )NP ; (NP (NP 8.50 % )NP (NP three months )NP )NP ; (NP (NP *UNKN % )NP (NP six months )NP )NP )NP . )NP  STOP
(NP (NP BANKERS ACCEPTANCES )NP : (NP (NP (NP *UNKN % )NP (NP 30 days )NP )NP ; (NP (NP *UNKN % )NP (NP 60 days )NP )NP ; (NP (NP *UNKN % )NP (NP 90 days )NP )NP ; (NP (NP *UNKN % )NP (NP 120 days )NP )NP ; (NP (NP 8 % )NP (NP 150 days )NP )NP ; (NP (NP 7.90 % )NP (NP 180 days )NP )NP )NP . )NP  STOP
(NP (NP Negotiable , bank-backed business credit instruments )NP (VP (ADVP typically )ADVP financing (NP an import order )NP )VP . )NP  STOP
(NP (NP LONDON LATE EURODOLLARS )NP : (NP (NP (NP (QP 8 11\/16 % to 8 9\/16 % )QP )NP (NP one month )NP )NP ; (NP (NP (QP 8 5\/8 % to 8 1\/2 % )QP )NP (NP two months )NP )NP ; (NP (NP (QP 8 5\/8 % to 8 1\/2 % )QP )NP (NP three months )NP )NP ; (NP (NP (QP 8 9\/16 % to 8 7\/16 % )QP )NP (NP four months )NP )NP ; (NP (NP (QP 8 1\/2 % to 8 3\/8 % )QP )NP (NP five months )NP )NP ; (NP (NP (QP 8 7\/16 % to 8 5\/16 % )QP )NP (NP six months )NP )NP )NP . )NP  STOP
(NP (NP (NP LONDON INTERBANK OFFERED RATES )NP (PRN -LRB- (NP LIBOR )NP -RRB- )PRN )NP : (NP (NP (NP (QP 8 11\/16 )QP % )NP (NP one month )NP )NP ; (NP (NP (QP 8 11\/16 )QP % )NP (NP three months )NP )NP ; (NP (NP (QP 8 1\/2 )QP % )NP (NP six months )NP )NP ; (NP (NP (QP 8 1\/2 )QP % )NP (NP one year )NP )NP )NP . )NP  STOP
(NP (NP (NP The average )NP (PP of (NP interbank offered rates )NP )PP )NP (PP for (NP (NP dollar deposits )NP (PP in (NP the London market )NP )PP )NP )PP (PP based (PP on (NP (NP quotations )NP (PP at (NP five major banks )NP )PP )NP )PP )PP . )NP  STOP
(NP (NP FOREIGN PRIME RATES )NP : (NP (NP (NP Canada )NP (NP 13.50 % )NP )NP ; (NP (NP Germany )NP (NP 9 % )NP )NP ; (NP (NP Japan )NP (NP 4.875 % )NP )NP ; (NP (NP Switzerland )NP (NP 8.50 % )NP )NP ; (NP (NP Britain )NP (NP 15 % )NP )NP )NP . )NP  STOP
(S (S (NP These rate indications )NP (VP are n't (ADJP directly comparable )ADJP )VP )S ; (S (NP lending practices )NP (VP vary (ADVP widely )ADVP (PP by (NP location )NP )PP )VP )S . )S  STOP
(NP (NP TREASURY BILLS )NP : (NP (NP (NP Results )NP (PP of (NP (NP the (NAC Monday , October 23 , 1989 , )NAC auction )NP (PP of (NP (NP short-term U.S. government bills )NP , (VP sold (PP at (NP (NP a discount )NP (PP from (NP face value )NP )PP )NP )PP (PP in (NP (NP units )NP (PP of (NP (QP $ 10,000 to $ 1 million )QP )NP )PP )NP )PP )VP )NP )PP )NP )PP )NP : (NP (NP (NP 7.52 % )NP (NP 13 weeks )NP )NP ; (NP (NP 7.50 % )NP (NP 26 weeks )NP )NP )NP )NP . )NP  STOP
(NP (NP (NP FEDERAL HOME LOAN MORTGAGE *UNKC . )NP (PRN -LRB- (NP Freddie Mac )NP -RRB- )PRN )NP : (NP (NP (NP Posted yields )NP (PP on (NP (NP 30-year mortgage commitments )NP (PP for (NP (NP delivery )NP (PP within (NP 30 days )NP )PP )NP )PP )NP )PP )NP )NP . )NP  STOP
(NP (NP (NP *UNKN % )NP , (NP standard conventional fixed-rate mortgages )NP )NP ; (NP (NP 7.875 % )NP , (NP (ADJP 2 % )ADJP (ADJP rate capped )ADJP one-year adjustable rate mortgages )NP )NP . )NP  STOP
(NP (NP Source )NP : (NP Telerate Systems Inc )NP . )NP  STOP
(NP (NP (NP FEDERAL NATIONAL MORTGAGE ASSOCIATION )NP (PRN -LRB- (NP Fannie Mae )NP -RRB- )PRN )NP : (NP (NP (NP (NP Posted yields )NP (PP on (NP (NP 30 year mortgage commitments )NP (PP for (NP (NP delivery )NP (PP within (NP 30 days )NP )PP )NP )PP )NP )PP )NP (PRN -LRB- (VP priced (PP at (NP par )NP )PP )VP -RRB- )PRN )NP (NP (NP (NP *UNKN % )NP , (NP standard conventional fixed-rate mortgages )NP )NP ; (NP (NP *UNKN % )NP , (NP 6\/2 (ADJP rate capped )ADJP one-year adjustable rate mortgages )NP )NP )NP )NP . )NP  STOP
(NP (NP Source )NP : (NP Telerate Systems Inc )NP . )NP  STOP
(NP (NP MERRILL LYNCH READY ASSETS TRUST )NP : (NP *UNKN % )NP . )NP  STOP
(NP (NP (NP (NP Annualized average rate )NP (PP of (NP return )NP )PP )NP (PP after (NP expenses )NP )PP (PP for (NP the past 30 days )NP )PP )NP ; (NP (NP not a forecast )NP (PP of (NP future returns )NP )PP )NP . )NP  STOP
(S (NP (NP Roy E. *UNKC )NP , (NP (NP (NP the company 's )NP (NX (NX president )NX and (NX chief operating officer )NX )NX )NP (PP since (NP Sept. 1 )NP )PP )NP , )NP (VP was (VP named (PP to (NP its board )NP )PP )VP )VP . )S  STOP
(S (NP The appointment )NP (VP increased (NP (NP the number )NP (PP of (NP directors )NP )PP )NP (PP to (NP (NP 10 )NP , (SBAR (WHNP (NP three )NP (WHPP of (WHNP whom )WHNP )WHPP )WHNP (S (VP are (NP company employees )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (NP an auto parts maker )NP )VP . )S  STOP
(S (NP Japan )NP (VP has (VP climbed (ADVP up (PP from (NP (NP (NP the *UNK )NP (PP of (NP World War II )NP )PP )NP and (NP (NP a gross national product )NP (PP of (NP (NP (QP about $ 800 )QP )NP (PP per (NP *UNK )NP )PP )NP )PP )NP )NP )PP )ADVP (S (VP to (VP reach (NP (NP the *UNK class )NP (PP among (NP industrialized nations )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP Now )ADVP (NP this remarkable economic growth )NP (VP seems (S (VP to (VP be (VP coming (PP to (NP an end )NP )PP (SBAR because (S (NP the government )NP (VP has not (VP converted (NP itself )NP (PP into (NP (NP a modern , democratic , `` developed nation '' *UNK )NP (PP of (NP operation )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP )VP )S )VP . )S  STOP
(S (PP Until (NP (NP 1980 )NP , (SBAR (WHADVP when )WHADVP (S (NP Japan )NP (VP joined (NP (NP the (NAC $ 10,000 (PP per (NP *UNK )NP )PP )NAC GNP club )NP (PP of (NP the advanced countries )NP )PP )NP )VP )S )SBAR )NP )PP , (NP it )NP (VP was (NP a model developing nation )NP )VP . )S  STOP
(S (NP The government )NP (VP built (NP *UNK , bridges , highways , schools , hospitals and *UNK )NP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP industries )NP (VP were (ADJP weak )ADJP )VP )S )SBAR , (NP it )NP (VP protected (NP them )NP )VP . )S  STOP
(S (NP It )NP (VP gave (NP the Japanese people )NP (NP (NP a value system )NP , (PP based (PP on (NP (NP the *UNK )NP (SBAR that (S (PP given (NP (NP (NP the country 's )NP lack )NP (PP of (NP natural resources )NP )PP )NP )PP , (NP they )NP (VP must (VP (VP work (ADVP hard )ADVP (S (VP to (VP create (NP value )NP (PP through (NP exports )NP )PP )VP )VP )S )VP and (VP buy (NP food )NP (PP with (NP the surplus )NP )PP )VP )VP )VP )S )SBAR )NP )PP )PP )NP )VP . )S  STOP
(S (NP Individual *UNK )NP (ADVP *UNKLY )ADVP (VP would (VP result )VP )VP . )S  STOP
(S (NP That system )NP (VP has (VP worked )VP )VP . )S  STOP
(S (S (NP (NP The standard )NP (PP of (NP living )NP )PP )NP (VP has (VP increased (ADVP steadily )ADVP (PP over (NP the past 40 years )NP )PP )VP )VP )S ; (S (NP (NP (QP more than 90 )QP % )NP (PP of (NP the people )NP )PP )NP (VP consider (S (NP themselves )NP (NP middle class )NP )S )VP )S . )S  STOP
(S (NP The people )NP (VP have (VP given (NP (NP their (ADJP (ADJP leading )ADJP and (ADJP only credible )ADJP )ADJP political party )NP , (NP the *UNKC Democratic Party )NP , )NP (NP (ADJP clear and *UNKED )ADJP power )NP (PP for (NP those 40 years )NP )PP )VP )VP . )S  STOP
(S (NP The LDP )NP (VP won (PP by (NP a *UNK )NP )PP (PP in (NP (NP the last election )NP , (PP in (NP July 1986 )NP )PP )NP )PP )VP . )S  STOP
(S But (ADVP (NP (QP less than two )QP years )NP later )ADVP , (NP the LDP )NP (VP started (S (VP to (VP *UNK )VP )VP )S )VP , and (S (NP *UNK )NP (VP rose (PP to (NP unprecedented *UNK )NP )PP )VP )S . )S  STOP
(S (NP The symptoms )NP all (VP point (PP to (NP (NP one thing )NP : (S (NP Japan )NP (VP does not (VP have (NP a modern government )NP )VP )VP )S )NP )PP )VP . )S  STOP
(S (NP Its government )NP (ADVP still )ADVP (VP wants (S (VP to (VP (VP sit (PP in (NP (NP the *UNK 's )NP seat )NP )PP )VP , (VP set (NP the speed )NP )VP , (VP step (PP on (NP the gas )NP )PP )VP , (VP apply (NP the *UNK )NP )VP and (VP *UNK )VP , (PP with (NP (NP (QP 120 million )QP people )NP (PP in (NP the back seat )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP In (NP a modern system )NP )PP , (NP (NP the government 's )NP role )NP (VP is (S (S (VP to (VP give (NP the people )NP (NP (NP as much choice )NP (PP as (ADJP possible )ADJP )PP )NP )VP )VP )S and (S (VP to (VP keep (S (NP them )NP (VP (ADVP well )ADVP informed )VP )S (SBAR so (S (NP they )NP (VP are (ADJP capable (PP of (S (VP making (NP a choice )NP )VP )S )PP )ADJP )VP )S )SBAR )VP )VP )S )S )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP allows (S (NP people )NP (VP to (VP buy (NP (NP (ADJP (ADJP the best )ADJP and (ADJP the *UNK )ADJP )ADJP goods )NP (PP from (NP (NP anywhere )NP (PP in (NP the world )NP )PP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP The Japanese government )NP (VP does n't (VP allow (NP this )NP )VP )VP . )S  STOP
(S (NP (NP The Ministry )NP (PP of (NP Agriculture and *UNKC )NP )PP )NP (ADVP actually )ADVP (VP is (NP (NP (NP a ministry )NP (PP for (NP farmers and *UNK )NP )PP )NP (PP instead of (NP (NP a ministry )NP (PP of (NP provisions )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP The Ministry )NP (PP of (NP Health and *UNKC )NP )PP )NP (VP is (NP (NP (NP a ministry )NP (PP of (NP (NP doctors )NP and (NP pharmaceutical companies )NP )NP )PP )NP (CONJP rather than )CONJP (NP (NP an organization )NP (VP *UNKED (PP to (S (VP protecting (NP (NP the health )NP (PP of (NP the people )NP )PP )NP )VP )S )PP )VP )NP )NP )VP . )S  STOP
(S (NP (NP The Ministry )NP (PP of (NP Education )NP )PP )NP (VP (VP is (NP (NP nothing )NP (PP but (NP (NP a *UNK )NP (PP for (NP licensed teachers )NP )PP )NP )PP )NP )VP , and (ADVP certainly )ADVP (VP does not (VP act (PP on (NP (NP behalf )NP (PP of (NP students )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (S (NP (NP The Ministry )NP (PP of (NP Construction )NP )PP )NP (VP (VP spreads (NP concrete )NP (PP throughout (NP the country )NP )PP )VP and (VP boasts (PP in (NP international *UNK )NP )PP (SBAR that (S (NP (NP (NP Japan 's )NP *UNKED *UNK )NP (PP per (NP *UNK )NP )PP )NP (VP is (NP (NP the *UNK )NP (PP in (NP the world )NP )PP )NP )VP )S )SBAR )VP )VP )S , but (S (NP they )NP (ADVP *UNK )ADVP (VP think (PP of (NP (NP the poor commuters )NP (SBAR (WHNP who )WHNP (S (VP spend (NP (ADJP so much )ADJP time )NP (VP sitting (PP in (NP traffic )NP )PP )VP )VP )S )SBAR )NP )PP )VP )S . )S  STOP
(S (NP (NP The Ministry )NP (PP of (NP Transportation )NP )PP )NP (VP serves (NP (NP the industry )NP , (ADVP certainly )ADVP not (NP (NP the passengers )NP (SBAR (WHNP who )WHNP (S (VP must (VP pay (NP (ADJP *UNKLY high )ADJP prices )NP )VP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S And (NP (NP the Ministry )NP (PP of (NP Foreign Affairs )NP )PP )NP (VP works (PP for (NP itself )NP )PP , (S (VP supporting (NP (NP Japanese *UNK )NP (SBAR (WHNP who )WHNP (S (VP *UNK (NP *UNK aid money )NP (PP around (NP the world )NP )PP (S (VP to (VP ensure (SBAR that (S (NP (NP their seat )NP (PP at (NP the dinner table )NP )PP )NP (VP is (ADVP next (PP to (NP the host 's )NP )PP )ADVP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )NP )VP )S )VP . )S  STOP
(S (NP This ministry )NP (VP has (VP done (NP (NP nothing )NP (SBAR (S (VP to (VP correct (NP (NP the *UNK and *UNK )NP (SBAR (WHNP that )WHNP (S (VP are (PP at (NP (NP the *UNK )NP (PP of (NP (NP Japan 's )NP deteriorating image )NP )PP )NP )PP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (ADVP Instead )ADVP , (NP it )NP (VP seems (S (VP to (VP be (VP using (NP (NP foreign pressure )NP and (ADVP even )ADVP (NP the trade conflict )NP )NP (S (VP to (VP expand (NP (NP (NP its *UNK )NP (PP of (NP influence )NP )PP )NP (X *UNK a *UNK (NP other *UNK )NP )X )NP )VP )VP )S )VP )VP )VP )S )VP . )S  STOP
(S (NP All this )NP (VP illustrates (SBAR that (S (S (NP Japanese *UNK )NP (ADVP still )ADVP (VP have (NP a `` provider '' *UNK )NP )VP )S ; (S (NP they )NP (VP do not (VP serve (NP (NP the people )NP , and (ADVP particularly )ADVP not (NP consumers )NP )NP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP serve (NP (NP the industries )NP and (NP the *UNK- groups )NP )NP )VP . )S  STOP
(S (NP (NP The rest )NP (PP of (NP the world )NP )PP )NP (VP accepted (NP such methods )NP (SBAR (WHADVP when )WHADVP (S (NP Japan )NP (VP was (VP developing )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Japanese )NP (VP put (PRT up )PRT (PP with (NP it )NP )PP (SBAR because (S (NP the government )NP (VP provided (NP (NP job stability )NP and (NP growing *UNK )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Japan )NP (VP is not (NP a political country )NP )VP . )S  STOP
(S (NP It )NP (VP is (NP a bureaucratic country )NP )VP . )S  STOP
(S (NP The *UNKC )NP (VP plays (NP a minor role )NP (PP compared (PP with (NP the powerful bureaucratic system )NP )PP )PP )VP . )S  STOP
(S (NP Most bills )NP (VP are (VP drafted (PP by (NP (NP bureaucrats )NP , not (NP politicians )NP )NP )PP )VP )VP . )S  STOP
(S (NP The *UNKC )NP (VP does n't (ADVP normally )ADVP (ADVP even )ADVP (VP debate (NP bills )NP (SBAR because (S (NP the opposition parties )NP (VP are (ADVP (ADVP so often )ADVP )ADVP (ADJP opposed (PP to (SBAR (WHNP whatever )WHNP (S (NP LDP )NP (VP does )VP )S )SBAR )PP )ADJP (SBAR that (S (NP it )NP (VP would (VP be (NP (NP a waste )NP (PP of (NP time )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (S So (NP most bills )NP (VP are (VP passed (PP without (NP full discussion )NP )PP )VP )VP )S ; (S (NP (ADJP particularly difficult )ADJP bills )NP (VP are (VP passed (PP in (NP (NP the absence )NP (PP of (NP the opposition parties )NP )PP )NP )PP )VP )VP )S . )S  STOP
(S (NP A recent example )NP (VP is (NP (NP the (ADJP 3 % )ADJP consumption tax )NP (PP on (NP all commercial activities )NP )PP )NP )VP . )S  STOP
(S (NP This )NP (VP makes (NP enormous sense )NP (PP in (NP (NP Japan )NP , (SBAR (WHADVP where )WHADVP (S (S (NP direct tax )NP (VP accounts (PP for (NP (NP (QP more than 70 )QP % )NP (PP of (NP revenues )NP )PP )NP )PP )VP )S and (S (NP (NP the *UNK rate )NP (PP of (NP direct tax )NP )PP )NP (VP is (ADJP so unfair )ADJP )VP )S )S )SBAR )NP )PP )VP . )S  STOP
(FRAG (SBAR If (S (NP you )NP (VP are (NP a *UNKED man )NP )VP )S )SBAR , (INTJ *UNKC )INTJ ! (VP (NP 100 % )NP captured )VP . )FRAG  STOP
(FRAG (FRAG (SBAR If (S (NP you )NP (VP are (NP a retailer )NP )VP )S )SBAR , (NP 50 % )NP )FRAG , and (FRAG (NP a farmer )NP , (NP 30 % )NP )FRAG . )FRAG  STOP
(S (S (VP To (VP correct (NP this *UNK )NP )VP )VP )S , (NP most people )NP (VP would (VP have (VP favored (NP (NP an indirect tax )NP , (PP like (NP the consumption tax )NP )PP )NP )VP )VP )VP . )S  STOP
(S But (NP the bill )NP (VP was (VP passed (PP without (NP (NP debate )NP (PP in (NP the *UNKC )NP )PP )NP )PP , (PP in (NP (NP the absence )NP (PP of (NP the opposition )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP As (NP a result )NP )PP , (NP the Japanese people )NP (VP did n't (VP know (SBAR (WHNP what )WHNP (S (VP to (VP expect (SBAR (WHADVP when )WHADVP (S (NP the new law )NP (VP was (VP introduced (PP on (NP April 1 )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP They )NP (VP were (VP frustrated (PP by (NP (NP (NP the longer *UNK )NP (PP at (NP the *UNK )NP )PP )NP and (NP (NP the small coins )NP (VP given (PP as (NP change )NP )PP )VP )NP )NP )PP )VP )VP . )S  STOP
(S (ADVP All of a sudden )ADVP , (NP prices )NP (VP were (ADVP no longer )ADVP (PP in (NP (NP denominations )NP (PP of (NP 100 or 200 )NP )PP )NP )PP )VP . )S  STOP
(S (NP They )NP (VP were (NP 103 or *UNKN )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP *UNKED (PP with (NP *UNK- coins )NP )PP )VP . )S  STOP
(S (SBAR While (S (NP people )NP (VP were (VP *UNKING (NP their change )NP )VP )VP )S )SBAR , (NP the LDP politicians )NP (VP were (VP caught (PP in (NP scandals )NP )PP )VP )VP . )S  STOP
(S (NP (NP (NP Money )NP , (PP such as (PP in (NP (NP *UNKC 's )NP political donations )NP )PP )PP )NP , and (NP (NP women )NP , (PP as (PP in (NP (NP the cases )NP (PP of (NP (NP Prime Minister *UNKC *UNKC )NP and (NP Secretary General *UNKC *UNKC )NP )NP )PP )NP )PP )PP , )NP )NP (ADVP *UNK )ADVP (VP have (VP caused (NP political scandals )NP (PP in (NP Japan )NP )PP )VP )VP . )S  STOP
(S (SBAR *UNKC (S (NP most men )NP (VP were (ADJP (NP a bit )NP *UNK (PP about (NP the sex scandals )NP )PP )ADJP (PRN -LRB- (SBAR though (S (NP they )NP (VP were (ADJP *UNK (PP about (NP *UNKC )NP )PP )ADJP )VP )S )SBAR -RRB- )PRN )VP )S )SBAR , (NP women )NP (VP (VP were (ADJP upset (PP about (NP both )NP )PP )ADJP )VP and (VP surged (PP to (NP the polls )NP )PP )VP )VP . )S  STOP
(S (PP In (NP (NP the recent *UNKC House and Tokyo metropolitan congressional elections )NP , (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP the Socialist Party )NP (VP won (NP a *UNK victory )NP )VP )S )SBAR )NP )PP , (NP (NP 60 % )NP (PP of (NP all women )NP )PP )NP (VP voted , (SBAR as (S (VP opposed (PP to (NP the usual 40 % )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP It )NP )NP (VP is (ADJP difficult )ADJP (S (VP to (VP *UNK (SBAR (WHADVP how (NP (NP much )NP (PP of (NP their anger )NP )PP )NP )WHADVP (S (VP was (ADJP due (PP to (NP (NP *UNKC )NP , (NP the sex scandals )NP , or (NP (NP the *UNK- coins )NP (PP in (NP their *UNK )NP )PP )NP )NP )PP )ADJP )VP )S )SBAR )VP )VP )S )VP )S , but (S (NP they )NP (ADVP obviously )ADVP (VP were (VP voting (S (VP to (VP *UNK (NP the LDP )NP )VP )VP )S )VP )VP )S . )S  STOP
(S (S (VP *UNKC (PP by (NP surprise )NP )PP )VP )S , (NP the Socialist Party )NP (VP is (ADJP busy )ADJP (S (VP changing (NP its *UNK )NP )VP )S )VP . )S  STOP
(S (NP (NP It )NP )NP (VP 's (ADVP now )ADVP (ADJP OK )ADJP (S (VP to (VP deal (PP with (NP (NP the U.S. )NP , but not (NP the Soviet Union )NP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Nuclear power plants )NP (VP are (ADJP acceptable )ADJP )VP . )S  STOP
(S (NP The *UNKC Security *UNKC )NP (VP can (VP continue , (ADVP sort of )ADVP )VP )VP . )S  STOP
(FRAG And (ADVP so on )ADVP . )FRAG  STOP
(S (PP *UNKC (NP (NP the rapid *UNK overhaul )NP (PP of (NP the Socialist Party )NP )PP )NP )PP (NP the LDP )NP (VP has (VP been (VP *UNKED )VP )VP )VP . )S  STOP
(S (NP Now )NP (VP is (NP (NP the time )NP (SBAR (S (VP to (VP reform (NP the government )NP (PP from (NP a provider , *UNK- *UNK role )NP )PP (PP to (NP (NP that )NP (PP of (NP (NP a modern , industrialized nation )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP consumers )NP (VP have (NP the ultimate choice )NP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (SBAR If (S (NP (NP the LDP )NP , (SBAR as (S (ADVP currently )ADVP (VP *UNKED )VP )S )SBAR , )NP (VP ca n't (VP make (NP the *UNK )NP )VP )VP )S )SBAR , (ADVP then )ADVP (NP it )NP (VP should (VP split (PP into (NP two parties )NP )PP )VP )VP . )S  STOP
(S (NP One party )NP (VP could (VP stand (PP for (NP (NP consumer interests )NP , (NP small government )NP , (NP free trade )NP and (NP *UNK )NP )NP )PP (S (VP to (VP put (S (NP Japan )NP (ADVP clearly )ADVP (PP among (NP the (ADJP most developed and open )ADJP countries )NP )PP )S )VP )VP )S )VP )VP . )S  STOP
(S (NP The other party )NP (VP could (VP continue (PP on (NP (NP the traditional track )NP (PP of (NP the LDP )NP )PP )NP )PP , (S (VP representing (NP (NP (NP the manufacturers ' )NP preference )NP (PP for (NP (NP larger government )NP , (NP control )NP , (NP regulation )NP and (NP *UNK )NP )NP )PP )NP )VP )S )VP )VP . )S  STOP
(S (S (NP The LDP )NP (VP must (VP make (NP a decision )NP (ADVP immediately )ADVP )VP )VP )S ; (S (NP *UNKC House elections )NP (VP must (VP take (NP place )NP (PP before (NP June )NP )PP )VP )VP )S . )S  STOP
(S (PP In (NP (NP the current mood )NP (PP of (NP the Japanese (NX (NX people )NX , (NX journalists )NX and (NX even some *UNK )NX )NX , )NP )PP )NP )PP (S (VP giving (NP power )NP (PP to (NP the *UNKC )NP )PP )VP )S (VP might (VP be (ADJP good )ADJP (PP for (NP the LDP )NP )PP , (S (VP *UNKING (NP it )NP (PP of (NP past *UNK )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP We )NP (VP must not (VP forget , (ADVP however )ADVP , (SBAR that (S (NP such a *UNK political experiment )NP (VP could (VP cause (NP (NP a global *UNK wave )NP (PP of (NP (NP *UNK )NP (PP in (NP (ADJP real-estate and financial )ADJP markets )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP At (NP the most )NP )PP (NP there )NP (VP is (NP (QP only nine )QP months )NP (SBAR before (S (NP the LDP *UNK )NP (VP *UNK (PRT out )PRT )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (NP (NP managing director )NP (PP of (NP (NP *UNKC & Co. )NP (PP in (NP Japan )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Early this century )NP , (NP (NP *UNK mining )NP (PP in (NP (NP the *UNK *UNK )NP (SBAR (WHADVP where )WHADVP (S (NP the *UNKC *UNKC )NP (VP *UNK (NP the Atlantic Ocean )NP )VP )S )SBAR )NP )PP )NP (VP was (NP (NP a day )NP (PP at (NP the *UNK )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP would (VP *UNK (PP in (NP the sand )NP )PP (S (VP looking (PP for (NP *UNK stones )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP It )NP (VP was (ADJP as easy (PP as (S (VP collecting (NP sea *UNK )NP (PP at (NP *UNKC )NP )PP )VP )S )PP )ADJP )VP . )S  STOP
(S (NP *UNKC )NP (VP are (ADVP still )ADVP (VP *UNKING (NP the beach )NP (PP with (NP (NP *UNK )NP and (NP hand *UNK )NP )NP )PP , (S (VP searching (PP for (NP that unusual *UNK )NP )PP )VP )S )VP )VP . )S  STOP
(FRAG But (SBAR (ADVP only )ADVP after (S (NP (NP (NP a fleet )NP (PP of (NP *UNKN *UNK *UNKING vehicles )NP )PP )NP (VP *UNKING (PP to (NP (NP De Beers Consolidated *UNKC Ltd. )NP , (NP (NP the world 's )NP *UNK *UNK )NP , )NP )PP )VP )NP (VP do (NP their work )NP )VP )S )SBAR . )FRAG  STOP
(S (NP Last year )NP , (NP (NP (QP 43 million )QP tons )NP (PP of (NP desert )NP )PP )NP (VP were (VP moved (PP from (NP one *UNK )NP )PP (PP to (NP another )NP )PP (S (VP to (VP recover (NP (NP *UNKN *UNK )NP , (SBAR (WHNP which )WHNP (S (VP comes (PP to (NP (NP 46 tons )NP (PP of (NP sand )NP )PP (PP per (NP (NP *UNK )NP , or (NP *UNK- *UNK )NP )NP )PP )NP )PP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (INTJ *UNK )INTJ (INTJ yes )INTJ , (NP the Atlantic )NP (VP was (ADVP also )ADVP (VP pushed (PRT back )PRT (NP 300 *UNK )NP )VP )VP . )S  STOP
(S `` (S (SBAR If (S (NP there )NP (VP 's (NP *UNK )NP (ADVP out there )ADVP )VP )S )SBAR , (NP we )NP (VP 'll (VP get (PP to (NP them )NP )PP )VP )VP )S , '' (VP says )VP (NP (NP *UNKC Johns )NP , (NP (NP De Beers 's )NP engineering manager )NP )NP . )S  STOP
(SINV (ADVP Here )ADVP , (S (VP *UNKED (PP between (NP (NP shifting *UNK )NP and (NP *UNKING waves )NP )NP )PP (PP at (NP (NP the world 's )NP (ADJP most *UNK )ADJP *UNK *UNK )NP )PP )VP )S , (VP lies )VP (NP (NP the earth 's )NP most precious *UNK box )NP . )SINV  STOP
(S (NP (NP *UNKC )NP (PP to (NP (NP *UNK )NP (PP of (NP (NP (NP *UNKING )NP (PP by (NP *UNKC *UNKC )NP )PP )NP (PRN -- (PP (ADVP first )ADVP (PP in (NP (NP the *UNK current (PP of (NP the Orange River )NP )PP )NP (SBAR (WHNP that )WHNP (S (VP carried (NP the stones )NP (PP from (NP (NP South Africa 's )NP *UNK )NP )PP )VP )S )SBAR )NP )PP , (ADVP then )ADVP (PP in (NP (NP the cold *UNK )NP (PP of (NP the *UNK )NP )PP )NP )PP , and (ADVP finally )ADVP (PP in (NP (NP the *UNK *UNK )NP (PP of (NP the desert )NP )PP )NP )PP )PP -- )PRN )NP )PP )NP )PP )NP (NP (NP 98 % )NP (PP of (NP (NP the *UNK )NP (VP uncovered )VP )NP )PP )NP (VP are (PP of (NP *UNK quality )NP )PP )VP . )S  STOP
(S (SBAR While (S (NP other mines )NP (VP might (VP yield (NP more *UNK )NP )VP )VP )S )SBAR , (NP (NP a higher percentage )NP (PP of (NP them )NP )PP )NP (VP go (PP to (NP industrial use )NP )PP )VP . )S  STOP
(S (SBAR Since (S (NP this *UNK *UNK )NP (VP is (ADJP too big (S (VP to (VP fit (PP in (NP a bank *UNK )NP )PP )VP )VP )S )ADJP )VP )S )SBAR , (NP it )NP (VP has (VP been (VP turned (PP into (NP one )NP )PP )VP )VP )VP . )S  STOP
(S (SBAR (NP *UNKC )NP after (S (NP *UNK worker *UNKC *UNKC )NP (ADVP first )ADVP (VP picked (PRT up )PRT (NP a *UNK )NP (PP from (NP the sand )NP )PP (PP in (NP *UNKN )NP )PP )VP )S )SBAR , (NP (NP the German *UNK )NP (SBAR (WHNP who )WHNP (S (VP controlled (NP *UNKC )NP )VP )S )SBAR )NP (VP *UNKED (S (NP (NP (NP a wide *UNK )NP (PP of (NP the desert )NP )PP )NP (PRN -- (ADVP (ADVP (NP (QP about 200 )QP miles )NP north (PP from (NP the Orange River )NP )PP )ADVP and (ADVP (NP 60 miles )NP *UNK (PP from (NP the Atlantic )NP )PP )ADVP )ADVP -- )PRN )NP (NP (NP a restricted area )NP , (NP (NP a *UNK )NP (VP (ADVP normally )ADVP *UNKED (PP for (NP military operations )NP )PP )VP )NP )NP )S )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP the Germans )NP (VP lost (NP World War I )NP )VP )S )SBAR , (NP they )NP (VP (VP lost (NP *UNKC )NP (PP to (NP South Africa )NP )PP )VP and (VP (NP the *UNK )NP (PP to (NP (NP *UNKC Oppenheimer )NP , (NP (NP *UNK )NP (PP of (NP (NP *UNKC American Corp. )NP and (NP De Beers )NP )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP Today )NP , (NP no one )NP (VP gets (ADVP in or out (PP of (NP the restricted area )NP )PP )ADVP (PP without (NP (NP De Beers 's )NP *UNK approval )NP )PP )VP . )S  STOP
(S (NP The mining *UNK )NP (VP has (ADVP thus )ADVP (VP remained (NP (NP one )NP (PP of (NP (NP the (ADJP most *UNK )ADJP places )NP (PP in (NP Africa )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP *UNKC *UNK )NP (VP *UNK (NP the *UNKC *UNK )NP , (S (VP proving (SBAR (S (NP diamonds )NP (VP are n't (ADVP forever )ADVP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP the mine headquarters )NP , )NP (VP is (NP (NP a *UNKLY corporate *UNK )NP (PP of (NP *UNKN residents )NP )PP )NP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP *UNK (NP the streets )NP (PP at (NP night )NP )PP )VP )S , and (S (NP (NP *UNK )NP , (NP (NP *UNK *UNK )NP (PP with (NP long straight *UNK )NP )PP )NP , )NP (VP *UNK (ADVP in (PP from (NP the desert )NP )PP )ADVP (S (VP to (VP drink (PP from (NP water *UNK )NP )PP )VP )VP )S )VP )S . )S  STOP
(S (PP On (NP most days )NP )PP , (NP (NP (NP the desert 's )NP heat )NP and (NP (NP the cool )NP (PP of (NP the *UNK )NP )PP )NP )NP (VP combine (S (VP to (VP create (NP (NP a *UNK )NP (PP like (NP a damp *UNK )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP The wind )NP , (S (VP *UNKING (PP with (NP sand )NP )PP )VP )S , (ADVP never )ADVP (VP seems (S (VP to (VP stop )VP )VP )S )VP . )S  STOP
(S (ADVP Still )ADVP , (NP (NP (NP *UNK )NP (PP from (NP (NP all parts )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP as well as (NP (NP professional staff )NP (PP from (NP (NP (NP De Beers 's )NP head offices )NP (PP in (NP (NP South Africa )NP and (NP London )NP )NP )PP )NP )PP )NP )NP (VP keep (VP coming )VP )VP . )S  STOP
(S And (NP *UNKC )NP (VP boasts (NP (NP *UNK )NP (PP *UNK (NP diamonds )NP )PP )NP )VP . )S  STOP
(S (NP There )NP (VP are (NP (NP six video rental shops )NP , (NP three restaurants )NP , (NP one *UNK )NP and (NP (NP 34 sports and *UNK *UNK )NP (PP for (NP (NP everything )NP (PP (PP from (NP *UNK )NP )PP (PP to (NP lawn bowling )NP )PP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (NP (NP The pride )NP (PP of (NP *UNKC )NP )PP )NP (VP is (NP (NP the *UNK- golf course )NP -- (PP with (NP (NP the largest sand *UNK )NP (PP in (NP the world )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Last year )NP , (SBAR (WHADVP when )WHADVP (S (NP the rising Orange River )NP (VP threatened (S (VP to (VP *UNK (NP the course )NP )VP )VP )S )VP )S )SBAR , (NP (NP the same engineers )NP (SBAR (WHNP who )WHNP (S (VP are (VP pushing (PRT back )PRT (NP the Atlantic )NP )VP )VP )S )SBAR )NP (VP rushed (S (VP to (VP build (NP (NP a wall )NP (SBAR (S (VP to (VP hold (PRT back )PRT (NP the *UNK )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(SINV `` (S (NP Nothing )NP (VP is (ADJP too good )ADJP (PP for (NP our golf course )NP )PP )VP )S , '' (VP says )VP (NP (NP *UNKC George )NP , (NP a mining engineer )NP )NP . )SINV  STOP
(S (PP Despite (NP fears (SBAR (S (NP the mine )NP (VP may (VP be (VP (ADVP *UNKLY )ADVP *UNKED (PP by (NP the new *UNKC government )NP )PP (PP following (NP (NP (NP next month 's )NP elections )NP (VP *UNKING (NP the country )NP (PP from (NP (ADJP South African )ADJP control )NP )PP )VP )NP )PP )VP )VP )VP )S )SBAR )NP )PP , (NP De Beers engineers )NP (VP are (VP working (S (VP to (VP extend (NP (NP the mine 's )NP *UNK life )NP (PP for (NP another 25 years )NP )PP , (PP from (NP (NP the current estimate )NP (PP of (NP 10 )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP *UNKC machines )NP (SBAR (WHNP that )WHNP (S (VP look (SBAR as though (S (NP they )NP (VP came (PP from (NP the Star *UNKC *UNK- scene )NP )PP )VP )S )SBAR )VP )S )SBAR )NP (VP *UNK (PP among (NP the *UNK )NP )PP )VP . )S  STOP
(S (S (NP *UNKED *UNK *UNK )NP (VP probe (NP the sand )NP (PP like (NP giant *UNK )NP )PP )VP )S ; (S (NP (NP a *UNKING (ADJP *UNK *UNK )ADJP *UNK )NP , (PP with (NP (NP *UNK )NP (CONJP instead of )CONJP (NP seats )NP )NP )PP , )NP (VP *UNK (PP through (NP (NP *UNK )NP (PP of (NP *UNKED sand )NP )PP )NP )PP )VP )S ; (S (NP (NP tracks )NP and (NP *UNK *UNK )NP )NP , (S (VP *UNKING (NP sand )NP (PP to (NP the *UNKING plants )NP )PP )VP )S , (VP *UNK- (NP the beach )NP )VP )S . )S  STOP
(S Then (NP there )NP (VP is (NP (NP the *UNK sea wall )NP , (ADJP (ADJP (NP 600 *UNK )NP long )ADJP and (ADJP (NP 60 yards )NP *UNK )ADJP )ADJP , (VP *UNKING (PP into (NP the *UNK )NP )PP )VP )NP )VP . )S  STOP
(S (S (VP *UNKC (PP of (NP sand )NP )PP )VP )S , (NP it )NP (VP receives (NP (NP *UNK- *UNK )NP (PP against (NP the *UNKING waves )NP )PP )NP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP (NP the mining )NP (PP in (NP (NP front )NP (PP of (NP the wall )NP )PP )NP )PP )NP (VP is (ADJP complete )ADJP )VP )S )SBAR , (NP it )NP (VP is (VP moved (ADVP *UNK )ADVP )VP )VP . )S  STOP
(S (NP (NP A *UNK *UNK )NP (SBAR (WHNP that )WHNP (S (VP helps (S (VP hold (PRT back )PRT (NP the sea )NP )VP )S )VP )S )SBAR )NP (VP looks (PP like (NP a *UNKING *UNK )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (ADVP first )ADVP (VP used (NP concrete blocks )NP (S (VP to (VP bolster (NP the barrier )NP )VP )VP )S )VP , but (S (NP the *UNK )NP (VP *UNKED (NP them )NP (ADVP aside )ADVP (PP like (FRAG (NP *UNK )NP )FRAG )PP )VP )S . )S  STOP
(S Then (NP someone )NP (VP decided (S (VP to (VP try (NP (NP *UNK- *UNKING equipment )NP (SBAR (WHNP that )WHNP , (S (ADVP *UNKLY )ADVP , (VP held (PP against (NP the waves )NP )PP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(SINV `` (S (NP The *UNKC people )NP (VP are n't (ADJP too happy )ADJP (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP see (S (NP their equipment )NP (VP used (PP like (NP that )NP )PP )VP )S )VP )S )SBAR )VP )S , '' (VP *UNK )VP (NP Mr. George )NP . )SINV  STOP
(S `` (NP They )NP (VP figure (SBAR (S (NP it )NP (VP 's not (NP a (ADJP very good )ADJP *UNK )NP )VP )S )SBAR )VP . '' )S  STOP
(S (PP Despite (NP all these *UNK )NP )PP , (NP (NP most )NP (PP of (NP the diamonds )NP )PP )NP (VP are (ADVP still )ADVP (VP found (PP in (NP (NP the sand )NP (VP *UNK (ADVP away )ADVP (PP by (NP (NP the men )NP (VP *UNKING (NP (NP *UNK and *UNK )NP -- (NP (NP the (ADJP *UNKLY named )ADJP `` *UNK *UNK '' )NP (SBAR (WHNP who )WHNP (S (VP *UNK (PP in (NP (NP the wake )NP (PP of (NP the *UNK )NP )PP )NP )PP )VP )S )SBAR )NP )NP )VP )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (S (VP *UNKING (PP in (NP (ADJP blue and gray )ADJP *UNK )NP )PP )VP )S , (NP they )NP (VP are (VP supposed (S (VP (VP to (VP concentrate (PP on (S (VP cleaning (PRT out )PRT (NP *UNK )NP )VP )S )PP )VP )VP , and not (VP strain (NP their eyes )NP (S (VP looking (PP for (NP diamonds )NP )PP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S But (SBAR (SINV should (NP they )NP (VP spy (NP one )NP )VP )SINV )SBAR , (NP the company )NP (VP will (VP pay (NP (NP a bonus )NP (ADJP equal (PP to (NP one-third its value )NP )PP )ADJP )NP )VP )VP . )S  STOP
(S (PP For (NP (NP these workers )NP (PP at (NP (NP the bottom )NP (PP of (NP (NP the mine 's )NP pay scale )NP )PP )NP )PP )NP )PP , (NP this )NP (VP is (ADVP usually )ADVP (NP enough (S (VP to (VP overcome (NP the *UNK (S (VP to (VP steal (PRN -- (NP (NP a crime )NP (SBAR (WHNP that )WHNP (S (VP could (VP earn (NP them )NP (NP (NP (QP up to 15 )QP years )NP (PP in (NP jail )NP )PP )NP )VP )VP )S )SBAR )NP )PRN )VP )VP )S )NP )VP )VP )S )NP )VP . )S  STOP
(S (ADVP Still )ADVP , (NP employees )NP (VP do (ADVP occasionally )ADVP (VP try (S (VP to (VP *UNK (PRT out )PRT (NP a *UNK (QP or two )QP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP One man )NP (VP *UNKED (NP several diamonds )NP (PP in (NP (NP the *UNK )NP (PP of (NP his *UNK )NP )PP )NP )PP )VP . )S  STOP
(S (NP Another )NP (VP *UNKED (NP a hole )NP (PP in (NP (NP the *UNK )NP (PP of (NP his *UNK )NP )PP )NP )PP )VP . )S  STOP
(S (NP A food *UNK )NP (VP *UNKED (NP stones )NP (PP in (NP (NP the false bottom )NP (PP of (NP a milk *UNK )NP )PP )NP )PP )VP . )S  STOP
(S (NP None )NP (VP made (NP it )NP (PP past (NP the body *UNK and *UNKC )NP (PP of (NP mine security )NP )PP )PP )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP are n't (VP *UNKING (S (VP to (VP raise (NP taxes )NP (PP for (NP relief and recovery )NP )PP )VP )VP )S )VP )VP . )S  STOP
(FRAG (ADVP Not yet )ADVP , (ADVP anyway )ADVP . )FRAG  STOP
(S (SBAR (ADVP Just )ADVP after (S (NP Hurricane Hugo )NP (VP *UNKED (NP South Carolina )NP )VP )S )SBAR , (NP some officials )NP (VP talked (PP of (NP (S (ADVP perhaps )ADVP (VP adding (NP a penny )NP (PP to (NP the state gasoline tax )NP )PP )VP )S or (S (VP raising (NP property taxes )NP )VP )S )NP )PP )VP . )S  STOP
(S (NP Gov. *UNKC )NP (VP responded , `` (S (NP They )NP (VP 're (VP *UNKING (NP *UNK )NP (SBAR (WHADVP when )WHADVP (S (NP there )NP (VP 's (VP been (NP a *UNKING )NP (PP in (NP the family )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP . '' )S  STOP
(S (NP A spokesman )NP (VP says (SBAR (S (NP the governor )NP (VP believes (SBAR (S (NP he )NP (VP can (VP avoid (NP increases )NP (PP by (S (VP (VP *UNKING (PP on (NP federal aid )NP )PP )VP and (VP shifting (NP (NP funds )NP (PP in (NP state programs )NP )PP )NP )VP )VP )S )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (ADVP Still )ADVP , (NP (NP Hugo 's )NP impact )NP (VP may (VP revive (NP unsuccessful proposals (S (VP to (VP give (NP local governments )NP (NP authority (S (VP to (VP *UNK (NP sales taxes )NP )VP )VP )S )NP )VP )VP )S )NP )VP )VP . )S  STOP
(S (NP (NP A spokesman )NP (PP for (NP North Carolina Gov. Martin )NP )PP )NP (VP says (SBAR (S (NP Hugo )NP (VP has n't (VP prompted (NP (NP proposals )NP (PP for (NP (UCP state or local )UCP increases )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP California )NP , (SBAR (WHADVP where )WHADVP (S (NP earthquake damage )NP (VP may (VP top (NP (QP $ 5 billion )QP )NP )VP )VP )S )SBAR , )NP (VP plans (NP a special legislative session )NP )VP . )S  STOP
(S (NP *UNKC relief )NP (VP is (ADJP likely )ADJP )VP . )S  STOP
(S (NP *UNKC )NP (VP are (VP talking (PP about (NP (NP temporary rises )NP (PP in (NP sales or gasoline taxes )NP )PP )NP )PP , (SBAR although (S (NP Gov. *UNKC )NP (VP says (SBAR (S (NP they )NP (VP should (VP be (NP a last resort )NP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP are n't (ADJP clear )ADJP )VP )S , and (S (NP the state *UNK )NP (VP makes (S (S (VP increasing (NP taxes and spending )NP )VP )S (ADJP very difficult )ADJP )S )VP )S . )S  STOP
(S But (NP some legislators )NP (VP think (SBAR (S (NP the time )NP (VP may (VP be (ADJP *UNK (S (VP to (VP *UNK (NP the *UNK )NP )VP )VP )S )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP THE IRS )NP (VP *UNKC (VP *UNKC (SBAR if (S (NP its error )NP (VP *UNK (NP you )NP (PP with (NP bank charges )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Policy statement *UNKC )NP (VP sets (PRT out )PRT (NP terms )NP )VP . )S  STOP
(S (PP As (NP (NP a result )NP (PP of (NP (NP an *UNK IRS *UNK )NP (PP on (NP a bank account )NP )PP )NP )PP )NP )PP , (NP a *UNK )NP (VP may (VP *UNK (NP (UCP administrative and *UNK )UCP charges )NP )VP )VP . )S  STOP
(S (SBAR If (S (S (NP the IRS )NP (VP admits (NP its error )NP )VP )S and (S (NP the charges )NP (VP have (VP been (VP paid )VP )VP )VP )S )S )SBAR , (NP it )NP (VP will (VP *UNK (NP (NP a *UNK )NP (SBAR (WHNP who )WHNP (S (S (VP has n't (VP refused (S (VP to (VP give (NP timely answers )NP (PP to (NP IRS inquiries )NP )PP )VP )VP )S )VP )VP )S or (S (VP has n't (VP contributed (PP to (S (VP continuing or *UNKING (NP the error )NP )VP )S )PP )VP )VP )S )S )SBAR )NP )VP )VP . )S  STOP
(S (NP The IRS )NP (ADVP recently )ADVP (VP amended (NP the policy )NP (S (VP to (VP cover (NP (NP *UNK- charges )NP (PP for (NP (NP checks )NP (VP lost (PP by (NP the IRS )NP )PP )VP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (SBAR If (S (NP the IRS )NP (VP (VP asks (PP for )PP )VP and (VP gets )VP (NP (NP a replacement )NP (PP for (NP (NP a check )NP (SBAR (WHNP that )WHNP (S (NP it )NP (VP concedes (SBAR (S (NP it )NP (VP lost (PP in (NP processing )NP )PP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )VP )S )SBAR , (NP it )NP (VP will (VP *UNK (NP the taxpayer )NP (PP for (NP (NP the *UNK- charge )NP (PP on (NP the original )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC claims )NP (VP must (VP be (VP filed (PP with (NP the IRS district or *UNK- director )NP )PP (PP within (NP (NP a year )NP (SBAR after (S (NP the expense )NP (VP *UNK )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S (S (SBAR If (S (NP the IRS )NP (VP seeks (NP *UNK- interest )NP (PP because of (NP the lost check )NP )PP )VP )S )SBAR , (NP you )NP (VP should (VP request (NP interest *UNK )NP )VP )VP )S , (NP publisher *UNKC Hall )NP (VP notes )VP . )S  STOP
(S (S (NP (NP (QP *UNKC *UNKC )QP *UNKC )NP (ADJP *UNKC )ADJP )NP (VP are (NP (NP all )NP (SBAR (S (NP we )NP (VP need (S (VP to (VP feel (PP (ADVP really )ADVP at (NP home )NP )PP )VP )VP )S )VP )S )SBAR )NP )VP )S , (NP they )NP (VP say )VP . )S  STOP
(S (NP (NP A couple )NP (SBAR (S (NP we )NP (VP 'll (VP call (S (NP the *UNKC )NP )S )VP )VP )S )SBAR )NP (VP (VP spent (NP (QP nearly $ 800,000 )QP )NP (PP on (NP a (NX (NX *UNK- plot )NX and (NX main home )NX )NX )NP )PP )VP and (VP have (NP (NP an old (ADJP $ *UNKN )ADJP mortgage )NP (ADJP exempt (PP from (NP (NP the new limit )NP (PP on (NP *UNK- deductions )NP )PP )NP )PP )ADJP )NP )VP )VP . )S  STOP
(S (NP They )NP (VP plan (S (VP to (VP expand (NP the home site )NP (PP by (S (VP buying (NP five *UNKING acres )NP (PP for (NP (NP $ 200,000 )NP , (VP (VP borrowed (PP against (NP (NP a first mortgage )NP (PP on (NP the five acres )NP )PP )NP )PP )VP and (ADVP also )ADVP (VP *UNKED (PP by (NP the 15 acres )NP )PP )VP )VP )NP )PP )VP )S )PP )VP )VP )S )VP . )S  STOP
(S (NP Their debt )NP (VP will (VP be (PP (ADVP well )ADVP under (NP (NP the (ADJP (QP $ 1 million )QP )ADJP limit )NP (PRN -- (PP on (S (VP borrowing (S (VP to (VP acquire , build , or improve (NP a home )NP )VP )VP )S )VP )S )PP -- )PRN (SBAR (WHNP that )WHNP (S (VP *UNK (PP for (NP *UNK- deductions )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (SBAR As (S (NP you )NP (VP can (VP guess )VP )VP )S )SBAR , (NP the *UNKC )NP (VP want (S (VP to (VP *UNK (NP (NP *UNK- interest )NP (PP on (NP the (ADJP $ 200,000 )ADJP loan )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S But (PRN , (S (NP IRS private ruling *UNKN )NP (VP notes )VP )S , )PRN (NP no (NX (NX rule )NX or (NX court case )NX )NX )NP (VP bears (ADVP directly )ADVP (PP on (NP (NP the issue )NP (PP of (S (VP adding (NP land )NP (PP to (NP a principal *UNK )NP )PP )VP )S )PP )NP )PP )VP . )S  STOP
(S So (NP the IRS )NP (VP has (VP drawn (NP a *UNK )NP (PP from (NP (NP the sale )NP (PP of (NP (NP a home site )NP (VP (VP split (PP in (NP two )NP )PP )VP and (VP sold (PP in (NP different years )NP )PP (PP to (NP the same buyer )NP )PP )VP )VP )NP )PP )NP )PP ; (S (NP a court )NP (VP let (S (NP (NP the seller )NP (PP in (NP that old case )NP )PP )NP (VP treat (NP this )NP (PP as (NP (NP the sale )NP (PP of (NP one *UNK )NP )PP )NP )PP )VP )S )VP )S )VP )VP . )S  STOP
(S (ADVP Thus )ADVP (PRN , (S (NP the IRS )NP (VP says )VP )S , )PRN (NP (NP the *UNKC ' )NP (ADJP $ 200,000 )ADJP loan )NP (VP is (NP *UNK- debt )NP )VP , and (NP (NP interest )NP (PP on (NP it )NP )PP )NP (VP is (ADJP fully *UNK )ADJP )VP . )S  STOP
(S (S (NP (NP *UNKC *UNKC )NP (VP facing (NP imminent filing and payment *UNK )NP )VP )NP (VP will (VP get (NP (NP (NP *UNK )NP and (NP penalty *UNK )NP )NP (PP like (NP (NP those )NP (ADJP provided (PP for (NP (NP Hugo 's )NP victims )NP )PP )ADJP )NP )PP )NP )VP )VP )S ; (S (NP IRS *UNKC *UNKN )NP (VP has (NP details )NP )VP )S . )S  STOP
(S (NP *UNKC *UNKN )NP (VP offers (NP (NP added relief )NP (PP for (NP (NP *UNK- concerns )NP (SBAR (WHNP that )WHNP (S (VP must (VP file (NP pension and *UNK- returns )NP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP OF (NP (NP (NP *UNKC )NP (PP to (NP independent contractors )NP )PP )NP (PP for (NP services )NP )PP )NP )PP )NP (VP must (VP be (VP filed (PP by (NP businesses )NP )PP )VP )VP )VP )S , but (S (VP do n't (VP bet (SBAR that (S (NP (NP contractors ' )NP *UNKED income )NP (VP will (VP be (VP *UNKED (NP that way )NP )VP )VP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (NP The General Accounting Office )NP (VP estimates (SBAR that (S (NP (NP 50 % )NP (PP of (NP IRS *UNK )NP )PP )NP (VP do n't (VP spot (NP (NP companies )NP (SBAR (WHNP that )WHNP (S (VP fail (S (VP to (VP file (NP the reports )NP )VP )VP )S )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(INTJ *UNK *UNKC : )INTJ  STOP
(S (S (NP (NP A claim )NP (PP by (NP (NP Peter *UNKC )NP (PP of (NP New York )NP )PP )NP )PP (SBAR that (S (NP a *UNK )NP (VP paid (NP him )NP (NP $ 500 )NP (S (VP to (VP (VP go (PP into (NP a bank )NP )PP )VP and (VP change (NP (NP $ *UNKN )NP (PP in (NP small bills )NP )PP )NP (PP into (NP large bills )NP )PP )VP )VP )VP )S )VP )S )SBAR )NP `` (VP is (ADJP *UNKING )ADJP )VP )S , '' (NP the Tax Court )NP (VP found )VP . )S  STOP
(S (NP It )NP (VP held (SBAR that (S (NP *UNKC )NP (VP is (ADJP taxable )ADJP (PP on (NP (NP $ *UNKN )NP (PP of (NP *UNKED income )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (SBARQ (WHADVP *UNKC )WHADVP (SQ (VP *UNK (NP (NP A *UNKC )NP (PP for (NP *UNK *UNK )NP )PP )NP )VP ? )SQ )SBARQ (NP a *UNK )NP (VP asks )VP . )S  STOP
(S (S (NP (NP A retired electrical engineer )NP (SBAR (S (NP we )NP (VP 'll (VP call (S (NP *UNKC )NP )S )VP )VP )S )SBAR )NP (VP works (ADVP *UNK- )ADVP (PP as (NP a consultant )NP )PP )VP )S , but (S (NP he )NP (VP does n't (VP want (S (VP to (VP earn (NP (NP so much )NP (SBAR that (S (NP Social Security )NP (VP reduces (NP his benefits )NP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S . )S  STOP
(S So (NP he )NP (VP has (VP arranged (SBAR for (S (NP a university foundation )NP (VP to (VP set (PRT up )PRT (NP (NP a *UNK fund )NP (PP for (NP *UNK engineering students )NP )PP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP He )NP (VP plans (S (VP to (VP tell (NP clients )NP (S (VP to (VP pay (NP certain fees )NP (ADVP directly )ADVP (PP (PP to (NP the foundation )NP )PP (CONJP instead of )CONJP (PP to (NP him )NP )PP )PP )VP )VP )S )VP )VP )S )VP )S ; (S (NP he )NP (VP would (VP *UNK (NP those fees )NP (PP from (NP (NP income )NP (VP reported (PP on (NP his return )NP )PP )VP )NP )PP )VP )VP )S . )S  STOP
(S So (NP he )NP (VP asked (NP the IRS )NP (SBAR if (S (NP the plan )NP (VP would (VP work )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Well )ADVP (PRN , (SINV (VP notes )VP (NP IRS private ruling *UNKN )NP )SINV , )PRN `` (NP a fundamental principle )NP '' (VP is (SBAR that (S (NP income )NP (VP must (VP be (VP *UNKED (PP to (SBAR (WHNP *UNK )WHNP (S (VP *UNK (NP it )NP )VP )S )SBAR )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The rule )NP (VP goes (ADVP back )ADVP (ADVP (ADVP (ADVP at least )ADVP as far )ADVP (PP as (NP a *UNKN Supreme Court decision )NP )PP )ADVP )VP )S , (NP (NP Robert *UNKC )NP (PP of (NP Shearson Lehman Hutton )NP )PP )NP (VP says )VP . )S  STOP
(S (SBAR If (S (NP you )NP (VP *UNK (NP your income )NP (PP to (NP another )NP )PP )VP )S )SBAR , (NP you )NP (ADVP still )ADVP (VP have (VP (VP controlled (NP its *UNK )NP )VP and (VP enjoyed (NP (NP the *UNK )NP (PP of (NP your labor )NP )PP )NP , (SBAR (ADVP even )ADVP if (FRAG (ADVP indirectly )ADVP )FRAG )SBAR )VP )VP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP (VP *UNK (NP (NP any fees )NP (VP sent (ADVP directly )ADVP (PP to (NP charity )NP )PP )VP )NP )VP and (VP is (ADJP taxable )ADJP (PP on (NP them )NP )PP )VP )VP )S (PRN , (S (NP the IRS )NP (VP says )VP )S )PRN ; (S (PP of (NP course )NP )PP , (NP he )NP (ADVP also )ADVP (VP may (VP take (NP a charitable *UNK )NP (PP for (NP them )NP )PP )VP )VP )S . )S  STOP
(NP *UNKC : )NP  STOP
(S (S (NP (NP *UNKC and Means veteran *UNKC )NP (PRN -LRB- (NP D. )NP , (NP *UNK . )NP -RRB- )PRN )NP (VP moves (PP to (NP the House Budget Committee )NP )PP )VP )S ; (S (NP (NP Rep. *UNKC )NP (PRN -LRB- (NP D. )NP , (NP *UNK . )NP -RRB- )PRN )NP (VP *UNK (NP him )NP )VP )S ... . )S  STOP
(S (S (NP (NP (NP Seattle 's )NP license fees )NP (PP for (NP *UNK *UNK shows )NP )PP )NP (VP (VP vary (PP from (NP (NP those )NP (PP for (NP other *UNKED *UNK )NP )PP )NP )PP (PP without (S (VP serving (NP a substantial government interest )NP )VP )S )PP )VP and (VP are (ADJP *UNK )ADJP )VP )VP )S , (NP the *UNK- appeals court )NP (VP holds (PP for (NP *UNKC Investments Inc )NP )PP )VP . )S  STOP
(S (NP *UNKC advertisers )NP (VP have (NP (NP plenty )NP (PP of (NP (NP complaints )NP (PP about (NP (NP (NP the magazines )NP (SBAR (S (NP they )NP (VP *UNK (PP in )PP )VP )S )SBAR )NP )NP )PP , (VP ranging (PP (PP from (NP inadequate consumer research )NP )PP (PP to (NP (NP ad `` clutter '' )NP and (NP (NP a (ADJP seemingly *UNKED )ADJP *UNK )NP (PP of (NP special interest magazines )NP )PP )NP )NP )PP )PP )VP )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP from (NP (NP such big advertisers )NP (PP as (NP (NP *UNKC Lauder Inc. )NP , (NP *UNKC Co. )NP and (NP Seagram Co. )NP )NP )PP )NP )PP )NP (VP put (NP a *UNK )NP (PP on (NP (NP the *UNK )NP (PP at (NP (NP the American Magazine Conference )NP (ADVP here )ADVP )NP )PP )NP )PP )VP . )S  STOP
(S (NP The conference )NP (VP opened (NP Monday )NP (PP with (NP (NP *UNKING reports )NP (PP about (NP (NP (NP consumer magazines ' )NP growth )NP (PP in (NP (NP circulation )NP and (NP advertising revenue )NP )NP )PP (PP in (NP the past year )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(SINV `` (S (NP *UNKC )NP (VP are not (VP providing (NP us )NP (NP (NP *UNK- information )NP (PP on (NP circulation )NP )PP )NP )VP )VP )S , '' (VP said )VP (NP (NP *UNKC Bronfman Jr. )NP , (NP (NP (NP president )NP and (NP chief operating officer )NP )NP (PP of (NP Seagram )NP )PP )NP , )NP (PP in (NP a panel discussion )NP )PP . )SINV  STOP
(SBARQ `` (WHADVP How )WHADVP (SQ do (NP readers )NP (VP feel (PP about (NP the magazine )NP )PP )VP )SQ ? )SBARQ  STOP
(SBARQ (WHADVP How deeply )WHADVP (SQ do (NP they )NP (VP read (NP it )NP )VP )SQ ? )SBARQ  STOP
(S (NP Research )NP (VP does n't (VP tell (NP us )NP (SBAR whether (S (NP people )NP (ADVP actually )ADVP (VP do (VP read (NP (NP the magazines )NP (SBAR (S (NP they )NP (VP *UNK (PP to )PP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP (NP *UNKC Mark )NP , (NP (NP chief executive )NP (PP of (NP *UNKC )NP )PP )NP , )NP (VP said (SBAR (S (NP advertisers )NP (VP lack (NP (NP detailed (ADJP *UNK and *UNK )ADJP *UNK )NP (PP of (NP (NP magazines ' )NP audiences )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S `` (NP We )NP (VP need (NP (NP research )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP us )NP (SBAR (SBAR that (S (NP magazines )NP (VP are (NP (NP a real value )NP (PP in (NP (NP reader 's )NP lives )NP )PP )NP )VP )S )SBAR , (SBAR that (S (NP readers )NP (VP are (ADVP really )ADVP (VP involved )VP )VP )S )SBAR )SBAR )VP )S )SBAR )NP )VP . '' )S  STOP
(S (NP The critics )NP (ADVP also )ADVP (VP *UNKED (NP the magazine industry )NP (PP for (NP (NP (NP something )NP (SBAR (S (NP executives )NP (ADVP often )ADVP (VP are (ADJP very *UNK (PP of )PP )ADJP )VP )S )SBAR )NP : (NP (NP the growth )NP (PP in (NP magazine titles )NP )PP (PP during (NP the 1980s )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP (NP Leonard Lauder )NP , (NP (NP (NP president )NP and (NP chief executive officer )NP )NP (PP of (NP *UNKC Lauder )NP )PP )NP , )NP (VP said (SBAR (S (NP consumer magazines )NP (VP are (VP suffering (PP from (SBAR (WHNP what )WHNP (S (NP he )NP (VP called (S (NP `` (NP *UNK- )NP , '' (NP (NP the increasing number )NP (PP of (NP (NP magazines )NP (SBAR (WHNP that )WHNP (S (VP target (NP (NP the *UNK interests )NP (PP of (NP readers )NP )PP )NP )VP )S )SBAR )NP )PP )NP )NP )S )VP )S )SBAR )PP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP *UNKC )NP (VP *UNK (NP our advertising dollars )NP )VP )S , '' (VP said )VP (NP Mr. Lauder )NP . )SINV  STOP
(S `` (NP We )NP (VP are (VP being (VP *UNKED )VP )VP )VP . )S  STOP
(S (NP We )NP (VP are (ADVP constantly )ADVP (VP faced (PP with (S (VP deciding (SBAR (WHNP (NP which partnerships )NP (PRN -LCB- (PP with (NP magazines )NP )PP -RCB- )PRN )WHNP (S (NP we )NP (VP can (VP keep )VP )VP )S )SBAR )VP )S )PP )VP )VP . '' )S  STOP
(S (NP He )NP (VP added : `` (S (S (NP There )NP (VP 's (ADVP probably )ADVP (ADVP even )ADVP (NP (NP a magazine )NP (PP for (NP *UNKED *UNK )NP )PP )NP )VP )S ... but (S (NP the general interest magazine )NP (VP is (NP (NP something )NP (SBAR (S (NP we all )NP (VP miss )VP )S )SBAR )NP )VP )S , and (S (NP it )NP (VP should (VP come (ADVP back )ADVP )VP )VP )S )S )VP . '' )S  STOP
(S (NP Mr. Lauder )NP (ADVP also )ADVP (VP (VP attacked (SBAR (WHNP what )WHNP (S (NP he )NP (VP sees (PP as (NP (NP the wide *UNK )NP (PP of (NP (NP *UNKC )NP , (NP (NP a fashion magazine )NP (VP published (PP by (NP *UNKC Communications Inc. )NP )PP )VP )NP , )NP )PP )NP )PP )VP )S )SBAR )VP and (VP criticized (NP (NP the practice )NP (PP of (S (VP *UNKING (NP ads )NP (PP at (NP (NP the front )NP (PP of (NP magazines )NP )PP )NP )PP )VP )S )PP )NP )VP )VP . )S  STOP
(S `` (S (NP *UNKC )NP (VP do n't (VP want (S (VP to (VP face (NP (NP all those ad pages )NP (PP at (NP (NP the front )NP (PP of (NP a magazine )NP )PP )NP )PP )NP )VP )VP )S )VP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP Magazine editors )NP (VP did not (VP take (NP the *UNK )NP (S (VP *UNKING (PRT down )PRT )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP spend (NP a *UNK )NP (PP on (NP research information )NP )PP )VP )S , '' (VP said )VP (NP (NP Steve *UNKC )NP , (NP (NP publisher )NP (PP of (NP (NP Meredith Corp. 's )NP Metropolitan Home )NP )PP )NP )NP . )SINV  STOP
(S And (NP (NP *UNKC Brown )NP , (NP (NP editor )NP (PP of (NP (NP *UNKC *UNKC *UNKC Inc. 's )NP *UNKC Fair )NP )PP )NP , )NP (VP said (SBAR (S (NP advertisers )NP (VP are (ADVP frequently )ADVP (VP asked (S (VP to (VP take (NP (NP advertising positions )NP (PP in (NP (NP the back )NP (PP of (NP her magazine )NP )PP )NP )PP )NP (S (VP to (VP relieve (NP ad clutter )NP )VP )VP )S )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S But (NP advertisers )NP (VP would n't (VP think (PP of (NP it )NP )PP )VP )VP )S , '' (NP she )NP (VP said )VP . )S  STOP
(S (NP (NP Bernard *UNKC )NP , (NP (NP president )NP (PP of (NP *UNKC *UNKC )NP )PP )NP , )NP (VP added : `` (S (NP Our research )NP (VP shows (SBAR (S (NP we )NP (VP sell (NP (NP more )NP (PP of (NP our *UNK issues )NP )PP )NP ... (SBAR because (S (NP readers )NP (VP believe (SBAR (S (NP they )NP (VP are (VP getting (NP more )NP (PP for (SBAR (WHNP what )WHNP (S (NP they )NP (VP pay (PP for )PP )VP )S )SBAR )PP )VP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP Wall Street securities giant Salomon Inc. )NP (VP posted (NP a big , unexpected earnings gain )NP (PP in (NP the third quarter )NP )PP , (S (VP buoyed (PP by (NP its securities trading and investment banking activities )NP )PP )VP )S )VP . )S  STOP
(S (NP Salomon )NP (VP said (SBAR (S (NP net income )NP (VP soared (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ 65 million )QP )NP , or (NP (NP (NP 38 cents )NP (NP a share )NP )NP , (ADVP (NP a year )NP earlier )ADVP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Revenue )NP (VP (ADVP more than )ADVP doubled (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP A Salomon spokesman )NP (VP said (SBAR (S (NP (NP its stock , bond and foreign exchange trading )NP , (CONJP as well as )CONJP (NP its investment banking operations )NP , )NP (VP were (ADJP mostly responsible (PP for (NP the earnings jump )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP The earnings )NP (VP were (UCP (ADJP fine )ADJP and (PP above (NP expectations )NP )PP )UCP )VP )S , '' (VP said )VP (NP (NP Michael W. *UNKC )NP , (NP (NP an analyst )NP (PP at (NP First Boston Corp )NP )PP )NP )NP . )SINV  STOP
(S (ADVP Nevertheless )ADVP , (NP (NP Salomon 's )NP stock )NP (VP fell (NP $ 1.125 )NP (NP yesterday )NP (S (VP to (VP close (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP (PP in (NP New York Stock Exchange composite trading )NP )PP )VP )VP )S )VP . )S  STOP
(S `` (S (NP I )NP (VP suspect (SBAR (S (NP October )NP (VP was n't (ADJP (ADJP as good )ADJP (PP as (NP the third quarter )NP )PP )ADJP )VP )S , and (S (NP they )NP (VP 'll (VP have (NP (NP difficulty )NP (S (VP matching (NP the third quarter )NP (PP in (NP the fourth quarter )NP )PP )VP )S )NP )VP )VP )S )SBAR )VP )S , '' (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S But (NP some analysts )NP (VP say (SBAR (S (NP Salomon )NP (VP has (VP turned (NP the corner )NP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP I )NP (VP *UNKED (NP the firm )NP (PP to (NP my buy list )NP )PP (SBAR because (S (NP I )NP (ADVP certainly )ADVP (VP see (NP (NP signs )NP (PP of (NP improvement )NP )PP )NP )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP Lawrence *UNKC )NP , (NP (NP an analyst )NP (PP at (NP Prudential-Bache Securities )NP )PP )NP )NP . )SINV  STOP
(S `` (NP The market )NP (VP has (VP been (ADJP *UNKLY *UNK (PP to (NP them )NP )PP )ADJP )VP )VP . '' )S  STOP
(S (NP Analysts )NP (VP say (SBAR (S (NP investors )NP (VP remain (ADJP *UNK (PP toward (NP Salomon )NP )PP )ADJP (PP because of (NP its volatile earnings )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP the first quarter )NP )PP , (NP Salomon )NP (VP had (NP (NP a record loss )NP (PP of (NP (QP $ 28 million )QP )NP )PP )NP (PP on (NP (NP revenue )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP )PP )VP . )S  STOP
(S But (PP in (NP the second quarter )NP )PP , (NP Salomon )NP (VP posted (NP a record (ADJP (QP $ *UNKN million )QP )ADJP net )NP (PP on (NP (NP revenue )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP )PP )VP . )S  STOP
(S (PP For (NP the real estate industry )NP )PP , (NP (NP a *UNK )NP (PP for (NP the 1990s )NP )PP )NP (VP will (VP be (S (VP (VP buy )VP , (PP more than (VP build )VP )PP )VP )S )VP )VP . )S  STOP
(S (NP That )NP (VP 's (NP (NP the word )NP (VP expected (S (VP to (VP be (PP on (NP (NP the *UNK )NP (PP of (NP (NP the (QP more than 3,000 )QP (NX (NX developers )NX , (NX *UNK- advisers )NX and (NX real estate *UNK )NX )NX )NP (VP slated (S (VP to (VP *UNK (NP (NP a *UNK- conference )NP , (VP (VP beginning (ADVP here )ADVP (NP today )NP )VP , (VP sponsored (PP by (NP the Urban Land Institute )NP )PP )VP )VP )NP )VP )VP )S )VP )NP )PP )NP )PP )VP )VP )S )VP )NP )VP . )S  STOP
(S (NP The *UNKC )NP (VP is (NP (NP a *UNK- research and education group )NP (VP based (PP in (NP (NP Washington )NP , (NP D.C. )NP , )NP )PP )VP (PP with (NP (NP *UNKN members )NP (ADVP nationwide )ADVP )NP )PP )NP )VP . )S  STOP
(S (SBAR With (S (NP the market )NP (ADJP *UNK )ADJP )S )SBAR , (NP builders )NP (VP are (VP finding (NP (NP limited opportunities )NP and (NP increased risks )NP )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP and (NP money managers )NP )NP (VP are (VP looking (PP for (NP (NP *UNK )NP (PP among (NP (NP the thousands )NP (PP of (NP (NP (ADJP financially troubled )ADJP properties )NP (PP around (NP the country )NP )PP )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Real estate professionals )NP (ADVP now )ADVP (ADVP often )ADVP (VP bill (NP themselves )NP (PP as (NP (NP `` turnaround experts '' )NP and (NP `` *UNK specialists )NP )NP )PP )VP . '' )S  STOP
(S (NP Conference *UNK )NP (VP are (VP expected (S (VP to (VP be (VP *UNKING (PP about (NP (NP the *UNK )NP (PP of (NP (NP the (ADJP recently formed )ADJP Resolution Trust Corp. )NP , (NP (NP a federal agency )NP (VP charged (PP with (S (VP *UNKING (PP of (NP (NP an estimated (QP $ 200 billion )QP )NP (PP of (NP (NP real estate )NP (VP dumped (PP in (NP government hands )NP )PP (PP by (NP insolvent savings and loans )NP )PP )VP )NP )PP )NP )PP )VP )S )PP )VP )NP )NP )PP )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP are (ADVP also )ADVP (VP *UNKING (NP (NP the real estate portfolios )NP (PP of (NP major corporations )NP )PP )NP )VP )VP . )S  STOP
(S (NP Some )NP (VP plan (S (VP to (VP pursue (NP (NP foreign development ventures )NP , (PP (ADVP mostly )ADVP in (NP Europe )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S And (NP other developers )NP (VP may (VP shift (PP from (ADJP commercial )ADJP )PP (PP to (NP residential development )NP )PP (PP in (NP the U.S. )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP There )NP (VP are n't (NP (NP as many (ADJP *UNKLY viable )ADJP alternatives )NP (PP for (NP real estate developers )NP )PP (PP in (NP this country )NP )PP (PP as (ADVP (NP 10 years )NP ago )ADVP )PP )NP )VP )S , '' (VP says )VP (NP (NP Charles Shaw )NP , (NP a Chicago-based real estate developer )NP )NP . `` )SINV  STOP
(S So (NP developers )NP (VP are (VP saying (SBAR (S (NP they )NP (VP will (VP look (PP into (NP *UNKED properties )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP They )NP (VP 'll (VP go (PP into (NP (NP someone )NP else 's *UNK )NP )PP (ADVP (ADVP as long )ADVP (SBAR as (S (NP it )NP (VP 's (ADJP (ADJP *UNK )ADJP (PP than (NP (NP the one )NP (SBAR (S (NP they )NP (VP 're (PP in )PP (ADVP now )ADVP )VP )S )SBAR )NP )PP )ADJP )VP )S )SBAR )ADVP )VP )VP . '' )S  STOP
(S (NP *UNKC )NP (VP are (ADVP also )ADVP (VP *UNKING (NP (NP more joint ventures )NP (PP with (NP (NP (NP pension funds )NP and (NP insurance companies )NP )NP (SBAR (WHNP that )WHNP (S (VP can (VP finance (NP big projects )NP )VP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP The builders )NP (VP are (ADJP more willing (S (VP to (VP (VP give (PRT up )PRT (NP some equity )NP )VP and (VP rely (PP on (NP management and consulting fees )NP )PP (S (VP to (VP stay (ADJP *UNK )ADJP (PP in (NP the soft market )NP )PP )VP )VP )S )VP )VP )VP )S )ADJP )VP . )S  STOP
(SINV `` (S (NP *UNKC )NP (VP are (VP *UNKING (PRT up )PRT (PP with (NP institutions )NP )PP (S (ADVP often )ADVP (VP acting (PP as (NP project managers )NP )PP )VP )S )VP )VP )S , '' (VP says )VP (NP (NP *UNKC York )NP , (NP (NP *UNKC president )NP and (NP (NP president )NP (PP of (NP (NP York *UNKC Inc. )NP , (PP of (NP (NP *UNKC )NP , (NP *UNKC )NP )NP )PP )NP )PP )NP )NP )NP . )SINV  STOP
(S `` (NP They )NP (VP are (VP growing (ADJP (ADJP more *UNK )ADJP (PP about (NP their role )NP )PP )ADJP )VP )VP . '' )S  STOP
(S (NP Real estate firms )NP (VP are (ADVP also )ADVP (VP using (NP (NP their alliances )NP (PP with (NP financial institutions )NP )PP )NP (S (VP to (VP *UNK (NP acquisition funds )NP )VP )VP )S )VP )VP . )S  STOP
(SINV `` (SBARQ (WHADVP Why )WHADVP (SQ should (NP you )NP (VP (VP beat (NP your *UNK )NP (PRT out )PRT (S (VP (VP fighting (NP (NP the environmentalists )NP , (NP the neighborhood groups )NP , )NP )VP (VP dealing (PP with (NP (NP traffic *UNK )NP , (NP *UNK )NP )NP )PP )VP and (VP fighting (NP city *UNK )NP )VP )VP )S )VP , then (VP try (S (VP to (VP convince (S (NP a *UNK )NP (VP to (VP lend (NP you )NP (NP money )NP (PP in (NP an *UNK market )NP )PP )VP )VP )S )VP )VP )S )VP (SBAR (WHADVP when )WHADVP (S (NP you )NP (VP can (VP (VP get (NP pension fund money )NP )VP , (VP buy (NP a portfolio )NP )VP , (VP sell (PRT off )PRT (NP pieces )NP (PP off (NP it )NP )PP )VP and (VP play (NP your own game )NP )VP )VP )VP )S )SBAR )VP )SQ ? )SBARQ '' (VP says )VP (NP (NP Jack *UNKC )NP , (NP (NP managing partner )NP (PP of (NP (NP the Los Angeles office )NP (PP of (NP (NP Kenneth *UNKC Inc. )NP (NP a national accounting firm )NP )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S But (NP experts )NP (VP say (SBAR that (S (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP comes (PP to (NP *UNKED properties )NP )PP )VP )S )SBAR , (S (VP finding (NP diamonds )NP (PP in (NP the rough )NP )PP )VP )S (VP is n't (ADJP easy )ADJP )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP (NP The level )NP (PP of (NP (NP interest )NP (PP in (NP (NP the RTC 's )NP properties )NP )PP )NP )PP )NP (VP (VP has (VP been (ADJP greater (SBAR than (S (VP expected )VP )S )SBAR )ADJP )VP )VP , and (VP has (VP come (PP from (NP (NP larger companies )NP (SBAR than (S (ADVP initially )ADVP (VP anticipated )VP )S )SBAR )NP )PP )VP )VP )VP )S , (VP says )VP (NP (NP *UNKC Ross )NP , (NP (NP Leventhal 's )NP *UNKING partner )NP )NP . )SINV  STOP
(S And (S (VP to (VP succeed (PP in (NP the turnaround business )NP )PP )VP )VP )S (PRN , (S (NP he )NP (VP says )VP )S , )PRN (NP developers )NP (VP may (VP have (S (VP to (VP put (PRT in )PRT (NP (NP a lot )NP (PP of (NP money and time )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (VP *UNKING (NP (NP (NP pension funds )NP and (NP other sources )NP )NP (ADJP willing (S (VP to (VP invest )VP )VP )S )ADJP )NP )VP )S (VP is (NP a high priority )NP )VP . )S  STOP
(SINV (VP *UNKC )VP (NP (NP David *UNKC )NP , (NP (NP director )NP (PP of (NP real estate research )NP )PP (PP for (NP Salomon Brothers Inc. )NP )PP )NP )NP : `` (S (NP (NP A theme )NP (PP of (NP the Urban Land conference )NP )PP )NP (VP will (VP be ` (S (VP take (NP a pension fund manager )NP (PP to (NP lunch )NP )PP )VP )S )VP )VP )S . )SINV  STOP
(S (NP (NP *UNKC Corp. )NP and (NP Pan American World Airways )NP )NP (VP announced (SBAR that (S (NP (NP they )NP and (NP two Soviet partners )NP )NP (VP will (VP *UNK (NP two `` *UNK- '' hotels )NP (PP within (NP (NP a *UNK )NP (PP of (NP Red Square )NP )PP )NP )PP (PP in (NP Moscow )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (UCP U.S. and Soviet )UCP officials )NP (VP hailed (NP the joint project )NP (PP as (NP (NP a new indication )NP (PP of (NP (NP the further *UNK )NP (PP in (NP *UNKC relations )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(SINV `` (S (NP This )NP (VP is (NP (NP an outstanding example )NP (PP of (SBAR (WHADVP how )WHADVP (S (NP (NP the East )NP and (NP the West )NP )NP (VP can (VP work (ADVP together )ADVP (PP for (NP their mutual benefit and progress )NP )PP )VP )VP )S )SBAR )PP )NP )VP )S , '' (VP said )VP (NP (NP Soviet *UNKC *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP *UNKED (NP (NP a signing *UNK )NP (PP for (NP (NP the venture 's )NP partners )NP )PP (PP at (NP the Soviet *UNK here )NP )PP )NP )VP )S )SBAR )NP . )SINV  STOP
(S (NP (NP Commerce Secretary Robert *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP attended (NP the *UNK )NP )VP )S )SBAR , )NP (VP called (S (NP the *UNKING )NP (NP (NP a `` *UNK step '' )NP (PP in (NP (NP the *UNK )NP (PP of (NP *UNKC ties )NP )PP )NP )PP )NP )S )VP . )S  STOP
(S (NP He )NP (VP added (SBAR that (S (NP it )NP (ADVP likely )ADVP (VP will (VP have (NP a `` *UNK effect '' )NP (PP in (S (VP *UNKING (NP (NP further trade )NP (PP between (NP the two countries )NP )PP )NP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The project )NP (VP will (VP be (NP (NP the largest *UNKED joint venture )NP (SBAR (S (VP to (VP be (VP undertaken (PP in (NP the Soviet Union )NP )PP (PP in (NP recent years )NP )PP )VP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP One )NP (PP of (NP the hotels )NP )PP , (SBAR (S (VP to (VP be (VP called (S (NP the *UNKC Moscow )NP )S )VP )VP )VP )S )SBAR , )NP (VP (VP will (VP have (NP 450 rooms )NP )VP )VP and (VP will (VP cost (NP an estimated (QP $ 75 million )QP )NP (S (VP to (VP build )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP The *UNK- hotel )NP (VP (VP will (VP be (PP on (NP *UNKC Street )NP )PP )VP )VP and (VP (ADVP initially )ADVP will (VP *UNK (ADVP mostly )ADVP (PP to (NP business *UNK )NP )PP )VP )VP )VP . )S  STOP
(S (NP It )NP (VP will (VP have (NP (NP a Russian *UNK )NP , (NP an English *UNK )NP , (NP a *UNK )NP and (NP (ADJP Japanese and Italian )ADJP restaurants )NP )NP , (PP according (PP to (NP a *UNKC announcement )NP )PP )PP )VP )VP . )S  STOP
(S (NP The hotel )NP (VP is (VP scheduled (S (VP to (VP open (PP in (NP 1992 )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The second hotel )NP , (SBAR (S (VP to (VP be (VP called (S (NP the *UNKC Hotel )NP )S )VP )VP )VP )S )SBAR , )NP (VP is (S (VP to (VP be (VP *UNKED (PP at (NP (NP a site )NP (ADVP even closer (PP to (NP Red Square )NP )PP )ADVP )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP about (NP its size and cost )NP )PP )NP (VP have n't (ADVP yet )ADVP (VP been (VP determined )VP )VP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP , (NP (NP a subsidiary )NP (PP of (NP ITT Corp. )NP )PP )NP , )NP (VP will (VP have (NP (NP a (ADJP 40 % )ADJP share )NP (PP in (NP the two hotels )NP )PP )NP )VP )VP )S ; (S (NP (NP Pan American )NP , (NP (NP a subsidiary )NP (PP of (NP Pan Am Corp. )NP )PP )NP , )NP (VP will (VP have (NP a (ADJP 10 % )ADJP share )NP )VP )VP )S . )S  STOP
(S (NP The Soviet owners )NP (VP will (VP be (NP (NP (NP *UNKC )NP , (NP (NP Moscow 's )NP city governing body )NP )NP , and (NP (NP Aeroflot )NP , (NP the Soviet national airline )NP )NP )NP )VP )VP . )S  STOP
(S (SBAR Although (S (NP a Finnish group )NP (VP has (NP (NP a minority interest )NP (PP in (NP an (ADJP already operating )ADJP Moscow hotel )NP )PP )NP )VP )S )SBAR , (NP the *UNKC Am venture )NP (VP will (VP be (NP (NP the first *UNK- hotels )NP (PP in (NP the Soviet Union )NP )PP (SBAR (S (VP to (VP have (NP (ADJP (NP (QP as much as 50 )QP % )NP foreign )ADJP ownership )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP U.S. companies )NP (VP account (PP for (NP (NP (QP less than 8 )QP % )NP (PP of (NP (NP the (QP 1,000 or more )QP Soviet joint ventures )NP (SBAR (WHNP that )WHNP (S (VP have (VP been (VP announced (SBAR since (S (NP the Soviets )NP (VP began (VP encouraging (NP such *UNK )NP (PP in (NP 1987 )NP )PP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S But (NP some U.S. companies )NP (VP are (VP negotiating (NP (NP projects )NP (SBAR (WHNP that )WHNP (S (VP could (VP be (PP among (NP (NP the biggest ones )NP (SBAR (S (VP to (VP be (VP launched )VP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP Chevron Corp. )NP , (NP Amoco Corp. )NP , (NP *UNKC Co. )NP , and (NP Eastman Kodak Co. )NP )NP (VP are (PP among (NP (NP the U.S. companies )NP (VP known (S (VP to (VP be (VP considering (NP such ventures )NP )VP )VP )VP )S )VP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP and (NP Pan Am )NP )NP (VP said (SBAR (S (NP they )NP (VP are (VP assured (PP under (NP the Soviet joint-venture law )NP )PP (SBAR that (S (NP they )NP (VP can (VP *UNK (NP (NP profits )NP (PP from (NP their hotel venture )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The Sheraton Moscow )NP (VP will (VP charge (NP (NP (QP about $ 140 to $ 150 )QP )NP (NP a day )NP )NP (PP for (NP (NP each )NP (PP of (NP its rooms )NP )PP )NP )PP )VP )VP )S , and (S (NP it )NP (VP will (VP accept (NP payment )NP (PP (ADVP only )ADVP in (NP (NP currencies )NP (SBAR (WHNP that )WHNP (S (VP can (VP be (VP traded (PP in (NP foreign exchange markets )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )VP )S , (PP according (PP to (NP a Sheraton executive )NP )PP )PP . )S  STOP
(S (NP (NP Thomas *UNKC )NP , (NP (NP Pan Am 's )NP chairman )NP , )NP (VP said (SBAR (S (NP (NP the U.S. airline 's )NP participation )NP (VP is (NP (NP a natural *UNK )NP (PP of (NP (NP its current arrangements )NP (PP with (NP Aeroflot )NP )PP (S (VP to (VP (ADVP jointly )ADVP operate (NP *UNK New *UNKC flights )NP )VP )VP )S )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP (NP the rising volume )NP (PP of (NP passenger traffic )NP )PP (PP on (NP this route )NP )PP )NP (VP *UNK (NP (NP a major investment )NP (PP in (NP new *UNK- Moscow hotels )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP David *UNKC )NP (VP was (VP named (PP to (NP (NP the new post )NP (PP of (NP (NP executive vice president )NP (PP of (NP (NP the Maxwell Macmillan group )NP (PP of (NP this communications giant )NP )PP )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP takes (NP (NP primary responsibility )NP (PP for (NP the (UCP electronic and *UNK- )UCP group )NP )PP )NP )VP . )S  STOP
(S (NP He )NP (VP had (VP been (NP (NP group vice president )NP (PP of (NP the *UNKING group )NP )PP )NP )VP )VP . )S  STOP
(S (ADVP Also )ADVP , (NP (NP *UNKC *UNKC )NP , (ADVP formerly )ADVP (NP (NP a vice president )NP (PP at (NP Maxwell )NP )PP )NP , )NP (VP was (VP named (S (NP (NP group vice president )NP (PP with (NP (NP responsibility )NP (PP for (NP various (UCP electronic and *UNK- )UCP companies )NP )PP )NP )PP )NP )S )VP )VP . )S  STOP
(S (S (NP (NP *UNKC Honda 's )NP picture )NP (ADVP now )ADVP (VP *UNK (PP with (NP Henry Ford 's )NP )PP (PP in (NP (NP the U.S. Automotive Hall )NP (PP of (NP *UNKC )NP )PP )NP )PP )VP )S , and (S (NP (NP the *UNK- )NP `` (NP *UNKC )NP '' )NP (VP is (S (ADVP soon )ADVP (VP to (VP be (ADJP *UNKED )ADJP )VP )VP )S )VP )S . )S  STOP
(S But (NP no matter (SBAR (WHADVP how much )WHADVP (S (NP Japan )NP (VP gets (PP under (NP our skin )NP )PP )VP )S )SBAR )NP , (NP we )NP (VP 'll (ADVP still )ADVP (VP have (NP (NP *UNK )NP and (NP apple *UNK )NP )NP )VP )VP . )S  STOP
(S (PP On (NP second thought )NP )PP , (VP make (S (NP that )NP (NP just *UNK )NP )S )VP . )S  STOP
(S (NP (NP A Japanese apple )NP (VP called (S (NP the Fuji )NP )S )VP )NP (VP is (VP *UNKING (PRT up )PRT (PP in (NP *UNK )NP )PP (NP (NP the way )NP (SBAR (S (NP *UNKC )NP (VP did (VP (PP on (NP U.S. roads )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (PP By (NP 1995 )NP )PP (NP it )NP (VP will (VP be (VP *UNKED (ADVP (ADVP more often )ADVP (PP than (NP (ADJP any other )ADJP apple tree )NP )PP )ADVP , (PP according (PP to (NP (NP a recent survey )NP (PP of (NP six *UNK- *UNK )NP )PP (PP by (NP Washington State University *UNK Robert Norton )NP )PP )NP )PP )PP )VP )VP )VP . )S  STOP
(S (NP Some fruit *UNK )NP (VP say (SBAR (S (NP the Fuji )NP (VP could (ADVP someday )ADVP (VP tumble (NP the Red Delicious )NP (PP from (NP (NP the top )NP (PP of (NP (NP America 's )NP apple *UNK )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (ADVP certainly )ADVP (VP wo n't (VP get (ADVP there )ADVP (PP on (NP looks )NP )PP )VP )VP . )S  STOP
(S (PP *UNKED (PP to (NP (NP the Red Delicious )NP , (NP (NP the *UNK )NP (PP of (NP apple *UNK )NP )PP )NP )NP , )PP )PP (NP the Fuji )NP (VP is (ADJP (ADJP *UNKLY more *UNK )ADJP -- (ADJP generally smaller )ADJP , (ADJP *UNKLY *UNKED )ADJP , (ADJP *UNK , (PP with (NP (NP *UNK )NP (PP of (NP red )NP )PP )NP )PP )ADJP )ADJP )VP . )S  STOP
(S (S (VP To (VP hear (S (NP most U.S. growers )NP (VP tell (NP it )NP )VP )S )VP )VP )S , (NP we )NP (VP 'd (ADVP still )ADVP (VP be (PP in (NP *UNKC )NP )PP (SBAR if (S (NP the *UNK )NP (VP had (VP *UNKED (NP one )NP (PP to (NP *UNKC )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(FRAG But (SBAR (WHADJP how sweet )WHADJP (S (NP it )NP (VP is )VP )S )SBAR . )FRAG  STOP
(SINV (S (NP It )NP (VP has (NP (NP more sugar )NP `` (PP than (NP (NP any apple )NP (SBAR (S (NP we )NP (VP 've (ADVP ever )ADVP (VP tested )VP )VP )S )SBAR )NP )PP )NP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP a (NAC University (PP of (NP Massachusetts )NP )PP )NAC (NX (NX *UNK )NX , or (NX apple *UNK )NX )NX )NP )NP . )SINV  STOP
(SINV (S (NP It )NP (VP (VP has (NP a long shelf life )NP )VP and `` (VP does n't (VP *UNK (NP the public )NP )VP )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP an (NAC *UNKC , Wash. , )NAC *UNK )NP (SBAR (WHNP who )WHNP (S (VP is (VP (VP *UNKING (NP *UNKC )NP )VP and (VP spreading (NP (NP the good word )NP (PP about (NP them )NP )PP )NP )VP )VP )VP )S )SBAR )NP )NP . )SINV  STOP
(S `` (NP It )NP (VP does n't (VP look (ADJP nice )ADJP (PP on (NP the outside )NP )PP (SBAR while (S (VP getting (ADJP *UNKLY )ADJP (ADVP inside )ADVP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP , (S (ADJP *UNK sharp )ADJP (PP at (NP 83 )NP )PP )S , (VP has (VP picked and *UNKED (NP (NP a *UNK *UNK )NP (PP of (NP apples )NP )PP )NP (PP over (NP the past 65 years )NP )PP )VP )VP . )S  STOP
(S (NP He )NP (VP is (VP known (PP as (NP (NP the father )NP (PP of (NP (NP the *UNKC *UNKC Smith )NP , (NP (NP a (ADJP *UNKLY different )ADJP apple )NP (SBAR (WHNP that )WHNP (S (NP the conventional wisdom )NP (ADVP once )ADVP (VP said (SBAR (S (VP would (ADVP never )ADVP (VP catch (PRT on )PRT )VP )VP )S )SBAR )VP )S )SBAR )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP It )NP (VP did (VP , (S (VP *UNKING (NP the apple establishment )NP (PP to (NP its *UNK )NP )PP )VP )S )VP )VP . )S  STOP
(S (ADVP Now )ADVP , (NP (ADJP even more radical )ADJP changes )NP (VP seem (ADJP *UNK )ADJP (SBAR as (S (NP (NP the grand old *UNK )NP (PP of (NP American apples )NP )PP )NP (VP plays (NP (NP the role )NP (PP of (NP *UNKC *UNKED )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP The Fuji )NP (VP is (VP going (S (VP to (VP be (NP (NP No. 1 )NP (SBAR (S (VP to (VP replace (NP the Red Delicious )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP The Delicious *UNK )NP (VP wo n't (VP end (ADVP *UNK soon )ADVP )VP )VP . )S  STOP
(S (S (NP New apple trees )NP (VP grow (ADVP slowly )ADVP )VP )S , and (S (NP the Red Delicious )NP (VP is (ADJP (ADJP almost as *UNKED )ADJP (PP as (NP *UNK )NP )PP )ADJP )VP )S . )S  STOP
(S (NP Its *UNK )NP (VP are (ADJP *UNK )ADJP -- (PP with (S (NP the first trees )NP (VP appearing (PP in (NP *UNKN )NP )PP (PP in (NP (NP an *UNK )NP (PP near (NP (NP *UNKC )NP , (NP Iowa )NP )NP )PP )NP )PP (PRN , (S (VP to (VP be (ADJP exact )ADJP )VP )VP )S )PRN )VP )S )PP )VP . )S  STOP
(S (PP For (NP (QP more than 50 )QP years )NP )PP , (NP it )NP (VP has (VP been (NP (NP the apple )NP (PP of (NP our eye )NP )PP )NP )VP )VP . )S  STOP
(S (NP A good Delicious )NP (VP can (ADVP indeed )ADVP (VP be (ADJP *UNK )ADJP )VP )VP . )S  STOP
(S (NP (NP (QP More than twice as many )QP Red Delicious apples )NP )NP (VP are (VP grown (PP as (NP (NP the Golden variety )NP , (NP (NP America 's )NP No. 2 apple )NP )NP )PP )VP )VP . )S  STOP
(S But (NP the apple industry )NP (VP is (ADJP *UNK (PP for (NP change )NP )PP )ADJP )VP . )S  STOP
(SINV `` (S (S (NP Red Delicious )NP (VP has (VP been (VP *UNKED )VP )VP )VP )S , and (S (NP its prices )NP (VP have (VP dropped (PP below (NP (NP the cost )NP (PP of (NP production )NP )PP )NP )PP )VP )VP )S )S , '' (VP says )VP (NP (NP Washington State 's )NP Mr. Norton )NP . )SINV  STOP
(S (NP (NP The *UNK )NP (PP over (NP (NP *UNKC )NP , (NP (NP a growth regulator )NP (SBAR (WHNP that )WHNP (S (VP (VP makes (S (NP apples )NP (ADJP *UNK and *UNK )ADJP )S )VP but (VP may (VP be (ADJP *UNK )ADJP )VP )VP )VP )S )SBAR )NP , )NP )PP )NP (VP made (S (NP consumers )NP (VP *UNK (ADVP away (PP from (NP the Delicious )NP )PP )ADVP , (SBAR though (S (NP they )NP (VP were (VP (VP (ADVP less )ADVP affected )VP (PP than (NP the *UNKC )NP )PP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP (NP The (NX (NX *UNK )NX and (NX *UNK lower prices )NX )NX )NP , (PP combined (PP with (NP cancer fears )NP )PP )PP , )NP (VP was (NP (NP a (ADJP very serious )ADJP blow )NP (PP to (NP growers )NP )PP )NP )VP . )S  STOP
(S `` (NP (NP A lot )NP (PP of (NP growers )NP )PP )NP (VP wo n't (VP be (ADVP around )ADVP (PP in (NP a few years )NP )PP (PRN , '' (SINV (VP says )VP (NP Mr. Norton )NP )SINV , )PRN (SBAR although (S (NP they )NP (VP have (VP stopped (S (VP using (NP *UNKC )NP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP One )NP (VP may (VP be (NP (NP William *UNKC )NP , (NP a (NAC Sterling , Mass. , )NAC *UNK )NP )NP )VP )VP . )S  STOP
(S `` (S (NP This )NP (VP is (NP *UNK stuff )NP )VP )S , '' (NP he )NP (VP says , (S (VP looking (ADVP *UNKLY )ADVP (PP at (NP (NP big boxes )NP (PP of (NP (NP *UNKED Red Delicious )NP (ADVP next (PP to (NP his *UNK )NP )PP )ADVP )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S `` But (NP I )NP (VP 'm (VP going (S (VP to (VP lose (NP (QP $ 50,000 to $ 60,000 )QP )NP (PP on (NP it )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP I )NP (VP 'm (VP going (S (VP to (VP have (S (VP to (VP get (NP another job )NP )VP )VP )S )VP )VP )S (NP this year )NP (S (ADVP just )ADVP (VP to (VP eat )VP )VP )S )VP )VP . '' )S  STOP
(S (PP Besides (NP *UNK prices )NP )PP , (NP he )NP (VP has (VP been (VP hit (ADVP recently )ADVP (PP by (NP (NP *UNK )NP , (NP (NP a *UNKING *UNK )NP (PP of (NP *UNK )NP )PP )NP , (NP *UNK )NP and (NP bugs )NP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP (NP (QP Some 500 )QP *UNK )NP and (NP 150 diseases )NP )NP )NP (VP *UNK , *UNK and *UNK (PP through (NP (NP growers ' )NP *UNK )NP )PP , (PP including (NP (NP *UNK )NP , (NP *UNK )NP , (NP *UNK )NP , (NP *UNK )NP , (NP black *UNK )NP and (NP the *UNKED *UNK )NP )NP )PP )VP . )S  STOP
(S (S (SBAR (ADVP Even )ADVP if (S (NP a *UNK )NP (VP *UNK (NP them )NP (PRT back )PRT )VP )S )SBAR , (NP his $ 2,000 *UNKED *UNK )NP (VP might (VP (VP *UNK (ADVP off )ADVP (PP to (NP (NP the neighbors ' )NP *UNK )NP )PP )VP (CONJP instead of )CONJP (VP *UNKING (NP his )NP )VP )VP )VP )S , (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S (SBAR Though (S (NP growers )NP (VP ca n't (ADVP always )ADVP (VP keep (NP the *UNK )NP (PP from (NP the apple )NP )PP )VP )VP )S )SBAR , (NP they )NP (VP can (VP protect (NP themselves )NP (PP against (NP (NP the price *UNK )NP (PP of (NP any one variety )NP )PP )NP )PP (PP by (S (VP *UNKING -- (PP into (NP (NP (NP the (ADJP recently imported )ADJP *UNKC )NP , (NP a sweet New Zealand native )NP )NP ; (NP (NP the *UNKC *UNKC )NP , reportedly (NP (NP Thomas *UNKC 's )NP favorite apple )NP )NP ; (NP (NP *UNK- kinds )NP (PP like (NP the *UNKC )NP )PP )NP )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S `` (S (NP I )NP (VP 've (VP (VP *UNKED (PRT out )PRT (NP (NP a lot )NP (PP of (NP Delicious )NP )PP )NP )VP '' and (VP *UNKED (NP the trees )NP (PP with (NP many different *UNK )NP )PP )VP )VP )VP )S , (VP says )VP (NP (NP Steve *UNKC )NP , (NP a (NAC West Lebanon , *UNKC , )NAC *UNK )NP )NP , (S (VP *UNKING (PP through (NP his *UNK- *UNKC Lane *UNKC )NP )PP (PP on (NP a *UNK *UNK day )NP )PP (ADVP recently )ADVP )VP )S . )S  STOP
(S `` (NP I )NP (VP 've (VP got (NP (NP 70 kinds )NP (PP of (NP apples )NP )PP )NP )VP )VP . )S  STOP
(S (SINV (ADVP Here )ADVP (VP 's )VP (NP a *UNKC )NP )SINV , '' (NP he )NP (VP *UNK , (S (VP picking (NP one )NP (PP off (NP a tree )NP )PP )VP )S )VP . )S  STOP
(S (NP He )NP (VP (VP *UNK (NP it )NP )VP , (VP *UNK )VP and (VP *UNK (NP it )NP (ADVP down )ADVP )VP )VP . `` )S  STOP
(S (NP It )NP (VP 's (NP a real dog )NP )VP . '' )S  STOP
(S (NP *UNKC )NP (VP are (VP getting (PP into (NP the variety act )NP )PP , (ADVP too )ADVP )VP )VP . )S  STOP
(S (S (NP They )NP (ADVP still )ADVP (VP buy (NP apples )NP (PP (ADVP mainly )ADVP for (NP big , red good looks )NP )PP )VP )S -- (S (NP that )NP (VP 's (SBAR (WHADVP why )WHADVP (S (NP so many )NP (VP taste (PP like (NP (NP *UNK ' )NP *UNKING bags )NP )PP )VP )S )SBAR )VP )S . )S  STOP
(S But (S (NP *UNK )NP (VP counts (ADVP (ADVP more )ADVP (SBAR than (S (NP it )NP (ADVP once )ADVP (VP did )VP )S )SBAR )ADVP )VP )S , and (S (NP stores )NP (VP are (VP expanding (NP shelf space )NP (PP for (NP (ADJP *UNK , but *UNK , and often *UNK , )ADJP apples )NP )PP )VP )VP )S . )S  STOP
(SINV `` (S (SBAR Rather than (S (VP sell (NP *UNK- Delicious )NP )VP )S )SBAR , (ADVP maybe )ADVP (NP we )NP (VP can (VP sell (NP *UNK- *UNKC )NP )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP *UNK director )NP (PP for (NP (NP *UNKC *UNKC Inc. )NP , (NP a Minneapolis (NX (NX supermarket chain )NX and (NX food distributor )NX )NX )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP The Fuji )NP (VP is (NP (NP a product )NP (PP of (NP (NP *UNK Japanese *UNK engineering )NP , (SBAR (WHNP which )WHNP (S (VP *UNKED (NP it )NP (ADVP (NP 50 years )NP ago )ADVP (PP at (NP a government research *UNK )NP )PP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP Japanese researchers )NP (VP have (VP *UNKED (NP (NP dozens )NP (PP of (NP (NP *UNK )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP (S (VP to (VP *UNK (NP its (NX (NX color )NX , (NX taste )NX and (NX shelf life )NX )NX )NP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP Now )ADVP (NP (NP the best )NP (PP of (NP them )NP )PP )NP (VP age (ADVP (ADVP as *UNKLY )ADVP (PP as (NP (NP *UNKC )NP , (NP (NP (NP the industry 's )NP gold standard )NP (PP for (NP *UNK )NP )PP )NP )NP )PP )ADVP )VP . )S  STOP
(S (S (PP In (NP (NP the *UNK )NP (PP of (NP *UNK- apples )NP )PP )NP )PP , (NP (NP the Fuji 's )NP track record )NP (VP stands (PRT out )PRT )VP )S : (S (PP During (NP the past 15 years )NP )PP , (NP it )NP (VP has (VP gone (PP from (NP almost *UNK )NP )PP (PP to (NP (NP (QP some 50 )QP % )NP (PP of (NP (NP Japan 's )NP market )NP )PP )NP )PP )VP )VP )S . )S  STOP
(S `` (S (NP The Japanese apple market )NP (VP is (ADJP very *UNKED (PP to (NP high quality )NP )PP )ADJP )VP )S (PRN , '' (SINV (VP says )VP (NP (NP David Lane )NP , (NP (NP a scientist )NP (PP at (NP (NP a Canadian *UNK research center )NP (PP in (NP (NP *UNKC )NP , (NP British Columbia )NP )NP )PP )NP )PP )NP )NP )SINV , )PRN and (ADVP so )ADVP (S (NP apples )NP (VP are (NP (NP (NP more )NP (PP of (NP a *UNK )NP )PP )NP )NP (ADVP there )ADVP (PP than (NP a big food commodity )NP )PP )VP )S . )S  STOP
(S (NP (NP The U.S. Department )NP (PP of (NP Agriculture )NP )PP )NP (VP estimates (SBAR that (S (NP this year )NP (NP Americans )NP (VP will (VP eat (NP (NP (NP (ADJP (NP (QP about 40 )QP % )NP more )ADJP fresh apples )NP (PP per (NP *UNK )NP )PP )NP (PP than (NP the Japanese )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The Fuji )NP (VP is (ADVP still )ADVP (NP small potatoes )NP (PP in (NP the U.S. )NP )PP , (S (VP sold (PP (ADVP mainly )ADVP in (NP fruit *UNK )NP )PP )VP )S )VP . )S  STOP
(S But (PP in (NP California )NP )PP (PRN , (SINV (VP says )VP (NP (NP Craig *UNKC )NP , (NP a *UNKC *UNK )NP )NP )SINV , )PRN `` (NP There )NP (VP 's (NP a Fuji apple *UNK )NP )VP . )S  STOP
(S (SBAR Once (S (NP somebody )NP (VP *UNK (NP one )NP )VP )S )SBAR , (NP they )NP (VP get (VP *UNKED )VP )VP . '' )S  STOP
(S (NP (NP Mr. *UNKC )NP , (NP the Washington grower )NP , )NP (VP says (SBAR that (S (NP he )NP (VP could (VP sell (NP *UNKC )NP (PP to (NP Taiwan buyers )NP )PP (PP at (NP (NP $ 40 )NP (NP a box )NP )NP )PP (SBAR if (S (NP he )NP (VP had (NP them )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S -LRB- (S (NP Taiwan )NP (ADVP already )ADVP (VP is (NP (NP a big *UNK )NP (PP of (NP (NP *UNKC )NP (PP from (NP other places )NP )PP )NP )PP )NP )VP )S , (NP he )NP (VP adds )VP . -RRB- )S  STOP
(S But (NP his first crop )NP (VP wo n't (VP be (VP picked (PP *UNK (NP next year )NP )PP )VP )VP )VP . )S  STOP
(S `` (S (NP I )NP (VP expect (S (VP to (VP see (S (NP the demand )NP (VP exceed (NP supply )NP (PP for (NP Fujis )NP )PP (PP for (NP the next (QP 10 to 15 )QP years )NP )PP )VP )S )VP )VP )S )VP )S , '' (NP he )NP (VP adds )VP . )S  STOP
(S (NP Washington Red Delicious )NP (PRN , (PP by (NP the way )NP )PP , )PRN (VP are (VP *UNKING (PP for (NP (NP (QP less than $ 10 )QP )NP (NP a box )NP )NP )PP (NP these days )NP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP sees (NP Fujis )NP (PRN , (PP in (NP part )NP )PP , )PRN (PP as (S (VP striking (NP a blow )NP (PP against (NP (NP the *UNK )NP (PP of (NP U.S. apples )NP )PP (PP by (NP *UNK )NP )PP )NP )PP )VP )S )PP )VP . )S  STOP
(S `` (SBAR (WHADVP When )WHADVP (S (NP the chain stores )NP (VP took (PRT over )PRT )VP )S )SBAR , (NP there )NP (VP was (ADVP no longer )ADVP (NP (NP a connection )NP (PP between (NP grower and consumer )NP )PP )NP )VP . )S  STOP
(S (NP A guy )NP (VP is (VP sitting (PRT up )PRT (PP in (NP an office )NP )PP (S (VP deciding (SBAR (WHNP what )WHNP (S (NP you )NP (VP 're (VP going (S (VP to (VP eat )VP )VP )S )VP )VP )S )SBAR )VP )S )VP )VP . '' )S  STOP
(S (PP After (NP all )NP )PP , (PP until (NP the 1950s )NP )PP (NP even the Red Delicious )NP (VP was (NP a firm , *UNK *UNK )NP )VP . )S  STOP
(S (ADVP Then )ADVP , (SBAR as (S (NP growers )NP (VP *UNKED (NP them )NP (UCP (PP (ADVP more )ADVP for (NP looks )NP )PP , and (S (VP to (VP satisfy (NP (NP (NP supermarket chains ' )NP demands )NP (PP of (NP long-term storage )NP )PP )NP )VP )VP )S )UCP )VP )S )SBAR , (NP the Red )NP (VP went (PP into (NP decline )NP )PP )VP . )S  STOP
(S (ADVP Now )ADVP , (NP (NP those red *UNK things )NP (SBAR (S (NP stores )NP (VP sell (PP in (NP summer )NP )PP )VP )S )SBAR )NP (VP are (UCP (ADJP (NP *UNK )NP *UNKLY )ADJP , but (ADVP usually )ADVP not (NP good eating )NP )UCP )VP . )S  STOP
(S (S (NP They )NP (VP do (VP *UNK (NP respect )NP )VP )VP , (ADVP however )ADVP )S -- (S (NP they )NP (VP are (ADJP (NP (NP almost a year )NP )NP old )ADJP , (ADJP probably equal (PP to (NP (NP about 106 )NP (PP in (NP human years )NP )PP )NP )PP )ADJP )VP )S . )S  STOP
(S (NP The Fuji )NP (PRN , (S (VP to (VP be (ADJP sure )ADJP )VP )VP )S , )PRN (VP has (NP *UNK )NP (ADVP too )ADVP )VP . )S  STOP
(S (S (NP It )NP (VP *UNK (ADVP (ADVP later )ADVP (PP than (NP most apples )NP )PP )ADVP )VP )S , and (S (S (VP growing (NP it )NP (PP in (NP (NP U.S. areas )NP (PP with (NP *UNKLY *UNK )NP )PP )NP )PP )VP )S (VP may (VP be (ADJP *UNK )ADJP )VP )VP )S . )S  STOP
(S (ADVP Moreover )ADVP , (NP the *UNK Fuji )NP (VP must (VP compete (PP with (NP an (ADJP increasingly *UNK )ADJP Delicious )NP )PP )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (NP the Massachusetts grower )NP , )NP (VP says (SBAR (S (NP (NP the `` big boss '' )NP (PP at (NP a supermarket chain )NP )PP )NP (ADVP even )ADVP (VP rejected (NP his Red Delicious )NP (ADVP recently )ADVP (SBAR because (S (NP they )NP (VP were n't (VP *UNKED and *UNKED (PP for (NP extra *UNK )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S And (NP he )NP (VP had n't (VP used (NP (NP *UNK )NP , (SBAR (WHNP which )WHNP (S (NP many growers )NP (VP *UNK (S (VP to (VP *UNK (NP their Delicious apples )NP (PP for (NP greater eye appeal )NP )PP )VP )VP )S )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (S (ADVP Still )ADVP (PRN , (S (NP Mr. *UNKC )NP (VP points (PRT out )PRT )VP )S , )PRN (NP *UNKC )NP (VP became (ADJP popular )ADJP (PP without (NP big , red looks )NP )PP )VP )S , so (SBARQ (WHADVP why )WHADVP (SQ not (NP Fujis )NP )SQ ? )SBARQ )S  STOP
(S (NP He )NP (VP sees (NP (NP (NP a shift )NP )NP (PP in (NP American values )NP )PP (PRN -- (ADVP at least )ADVP (VP regarding (NP apples )NP )VP -- )PRN (PP toward (NP (NP (NP more emphasis )NP (PP on (NP *UNK )NP )PP )NP and (ADJP (ADJP less )ADJP (PP on (NP *UNK )NP )PP )ADJP )NP )PP )NP )VP . )S  STOP
(S `` (S (NP *UNKC )NP (VP has (ADVP finally )ADVP (VP come (PP to (NP the *UNK )NP )PP )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(FRAG Or , (PP for (NP that matter )NP )PP , (NP the core )NP . )FRAG  STOP
(S (NP *UNKC *UNKC Inc. )NP (VP said (SBAR (S (NP its board )NP (VP increased (NP (NP the number )NP (PP of (NP (NP shares )NP (PP of (NP common stock )NP )PP (SBAR (S (VP to (VP be (VP purchased (PP under (NP a (ADJP previously authorized )ADJP program )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP (PP to (NP 3.9 million )NP )PP (PP from (NP 2.9 million )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The maker )NP (PP of (NP engineered materials )NP )PP )NP (VP has (VP acquired (NP (QP more than 2.7 million )QP shares )NP (PP under (NP the program )NP )PP )VP )VP . )S  STOP
(S (NP (NP The state attorney general 's )NP office )NP (VP filed (NP suit )NP (PP against (NP five New York brokerage firms )NP )PP , (S (VP charging (NP them )NP (PP with (NP (NP responsibility )NP (PP for (NP (NP much )NP (PP of (NP (NP a (ADJP (QP $ 200 million )QP )ADJP loss )NP (VP incurred (PP by (NP (NP the state treasurer 's )NP office )NP )PP (PP in (NP 1987 )NP )PP )VP )NP )PP )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (NP The suit )NP (VP sets (NP (NP the firms ' )NP liability )NP (PP at (NP (QP more than $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP The firms )NP (VP are (NP (NP Morgan Stanley & Co. )NP , (NP Salomon Brothers Inc. )NP , (NP County *UNKC Government Securities Inc. )NP , (NP Greenwich Capital Markets Inc. )NP and (NP Goldman , Sachs & Co )NP )NP )VP . )S  STOP
(S (NP The firms )NP (VP have all (VP said (SBAR that (S (NP (NP West Virginia 's )NP suit )NP (VP is (PP without (NP *UNK )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP On (NP Friday )NP )PP , (NP the firms )NP (VP filed (NP (NP a suit )NP )NP (PP against (NP West Virginia )NP )PP (PP in (NP New York state court )NP )PP (VP asking (PP for (NP (NP a *UNK judgment )NP (VP *UNKING (NP them )NP (PP of (NP liability )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (NP That suit )NP (VP is (S (VP pending )VP )S )VP . )S  STOP
(S (NP The suits )NP (VP *UNK (PP to (NP (NP a (ADJP (QP $ 200 million )QP )ADJP loss )NP , (VP disclosed (PP in (NP December )NP )PP )VP , (SBAR (WHNP that )WHNP (S (VP was (VP suffered (PP by (NP (NP West Virginia 's )NP consolidated investment pool )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The pool )NP (VP invested (NP idle cash )NP (PP for (NP many (NX (NX state agencies )NX and (NX local governments )NX )NX )NP )PP )VP . )S  STOP
(S (PP In (NP its suit )NP )PP , (NP (NP the attorney general 's )NP office )NP (VP alleges (SBAR that (S (NP brokers )NP (VP encouraged (S (NP (NP members )NP (PP of (NP (NP the treasurer 's )NP office )NP )PP )NP (VP to (VP engage (PP in (NP (NP *UNK- , high-risk transactions )NP (SBAR (WHNP that )WHNP (S (VP benefited (NP the brokers )NP )VP )S )SBAR )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Few people )NP (VP are (ADJP aware (SBAR that (S (NP the federal government )NP (VP *UNK (NP (NP (QP almost as much )QP money )NP (SBAR as (S (NP it )NP (VP *UNK )VP )S )SBAR )NP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (PP (PP From (NP 1980 )NP )PP (PP to (NP 1988 )NP )PP )PP , (SBAR while (S (NP federal budget deficits )NP (VP totaled (NP (QP $ *UNKN trillion )QP )NP )VP )S )SBAR , (NP the government )NP (VP issued (NP (NP (NP (QP $ *UNKN billion )QP )NP (PP of (NP new direct loans )NP )PP )NP and (NP (NP an additional (QP $ *UNKN billion )QP )NP (PP of (NP new primary loan guarantees )NP )PP )NP )NP )VP . )S  STOP
(S (NP These figures )NP (VP *UNK (NP (NP secondary guarantees )NP , (NP deposit insurance )NP , and (NP (NP the activities )NP (PP of (NP (NP *UNKED Enterprises )NP (PRN -LRB- (S (NP a huge concern )NP (PP in (NP its own right )NP )PP , (SBAR as (S (VP detailed (PP on (NP this page )NP )PP (NP May 3 )NP )VP )S )SBAR )S -RRB- )PRN )NP )PP )NP )NP )VP . )S  STOP
(S (NP Federal credit programs )NP (VP (VP date (ADVP back )ADVP (PP to (NP the New *UNKC )NP )PP )VP , and (VP were (VP meant (S (VP to (VP break (ADVP even )ADVP (ADVP financially )ADVP )VP )VP )S )VP )VP )VP . )S  STOP
(S (PP Since (NP the 1950s )NP )PP , (NP federal lending )NP (VP has (VP experienced (NP (NP extraordinary growth )NP (PP in (NP (NP (NP credit volume )NP , (NP *UNK rates )NP , and (NP policy applications )NP )NP )NP )PP )NP , (S (VP *UNKED (PRT on )PRT (PP by (NP (NP (NP the growth )NP (PP of (NP government )NP )PP (PP in (ADJP general )ADJP )PP )NP and (NP (NP (NP budget *UNK )NP and (NP *UNK management )NP )NP (PP in (NP particular )NP )PP )NP )NP )PP )VP )S )VP )VP . )S  STOP
(S (SBAR As (S (NP we )NP (VP will (VP see )VP )VP )S )SBAR , (NP (NP many )NP (PP of (NP these obligations )NP )PP )NP (VP do n't (VP show (PRT up )PRT (PP as (NP (NP part )NP (PP of (NP the federal deficit )NP )PP )NP )PP )VP )VP . )S  STOP
(S But (NP recent events )NP (VP indicate (SBAR (S (NP that federal credit )NP (VP is (PP out (PP of (NP control )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP *UNKC loan defaults )NP (VP remain (ADJP high )ADJP (S (PP at (NP (QP about 12 )QP % )NP )PP )S )VP )S , and (S (NP the program )NP (VP has (VP been (VP *UNKED (PP by (NP (NP allegations )NP (PP of (NP fraud and *UNK )NP )PP )NP )PP )VP )VP )VP )S . )S  STOP
(S (S (NP (NP Farmers Home Administration )NP (PRN -LRB- (NP *UNKC )NP -RRB- )PRN loans )NP (VP have (VP turned (PP into (NP (ADJP de *UNK )ADJP *UNK programs )NP )PP )VP )VP )S ; (S (NP (NP losses )NP (PP over (NP the next three years )NP )PP )NP (VP are (VP expected (S (VP to (VP exceed (NP (QP $ 20 billion )QP )NP )VP )VP )S )VP )VP )S . )S  STOP
(S (NP (NP *UNKC )NP (PP on (NP *UNKC Affairs loan guarantees )NP )PP )NP (VP have (VP *UNKED (PP in (NP the past eight years )NP )PP )VP )VP . )S  STOP
(S (NP Last month )NP , (NP the General Accounting Office )NP (VP reported (SBAR (SBAR that (S (NP (NP defaults )NP (PP in (NP Federal Housing Administration guarantees )NP )PP )NP (VP were (ADJP (ADJP (QP five times )QP as high )ADJP (SBAR as (S (ADVP previously )ADVP (VP estimated )VP )S )SBAR )ADJP )VP )S )SBAR , and (SBAR that (S (NP (NP FHA 's )NP equity )NP (VP fell (PP to (NP (QP *UNK $ 2.9 billion )QP )NP )PP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP (NP *UNKC 's )NP findings )NP (VP are (ADJP particularly *UNKING )ADJP (SBAR because (S (NP the FHA )NP (VP (VP has (NP (NP (QP about $ 300 billion )QP )NP (PP in (NP (NP obligations )NP (ADJP outstanding )ADJP )NP )PP )NP )VP and (VP had (ADVP previously )ADVP (VP been (VP considered (S (NP (NP one )NP (PP of (NP the (ADJP most financially secure )ADJP credit programs )NP )PP )NP )S )VP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP other credit programs )NP )PP )NP , (S (VP *UNKING (NP (NP agriculture )NP , (NP small business )NP , (NP *UNK )NP , (NP defense )NP , (NP energy )NP , (NP transportation )NP and (NP others )NP , )NP )VP )S (VP are (UCP (ADJP less visible )ADJP but (PP in (NP (ADJP no better )ADJP shape )NP )PP )UCP )VP . )S  STOP
(S (S (SBAR If (S (NP the programs )NP (VP continue (NP their present path )NP )VP )S )SBAR , (NP the potential government losses )NP (VP are (ADJP *UNKING )ADJP )VP )S : (S (NP The federal government )NP (VP (VP holds (NP (NP (QP $ *UNKN billion )QP )NP (PP in (NP (NP direct loans )NP (ADJP outstanding )ADJP )NP )PP )NP )VP and (VP backs (NP (NP an additional (QP $ 550 billion )QP )NP (PP in (NP primary guarantees )NP )PP )NP )VP )VP )S . )S  STOP
(S -LRB- (NP (NP (NP *UNKC guarantees )NP (PP of (NP (NP *UNK )NP (PP of (NP FHA )NP )PP )NP )PP )NP - and (NP (NP *UNKED loans )NP (PP by (NP the agency )NP )PP (VP known (PP as (NP Ginnie Mae )NP )PP )VP )NP )NP (ADVP currently )ADVP (VP exceed (NP (QP $ *UNKN billion )QP )NP )VP . -RRB- )S  STOP
(S (SBAR Although (S (NP *UNK events )NP (VP have (VP contributed (PP to (NP the *UNK )NP )PP )VP )VP )S )SBAR , (NP (NP the principal causes )NP (PP of (NP the current crisis )NP )PP )NP (VP are (ADJP (ADJP internal )ADJP and (ADJP *UNK (PP to (NP all programs )NP )PP )ADJP )ADJP )VP . )S  STOP
(S (S (VP To (VP reduce (NP the risks )NP (SBAR while (S (ADVP still )ADVP (VP *UNKING (NP (NP the legitimate benefits )NP (SBAR (S (NP these programs )NP (VP can (VP provide )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP )S , (NP credit policy )NP (VP must : (VP (LST 1 . )LST *UNKC (NP credit )NP (S (VP (VP to (VP improve (NP (NP the operation )NP (PP of (NP capital markets )NP )PP )NP )VP )VP , not (VP to (VP provide (NP subsidies )NP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP There )NP (VP is (NP (NP a fundamental conflict )NP (PP between (NP (S (VP providing (NP a *UNK )NP )VP )S and (S (VP maintaining (NP (NP the integrity )NP (PP of (NP a credit program )NP )PP )NP )VP )S )NP )PP )NP )VP . )S  STOP
(S (SBAR If (S (NP the program )NP (VP is (VP meant (S (VP to (VP provide (NP a *UNK )NP )VP )VP )S )VP )VP )S )SBAR , (S (VP collecting (NP the debt )NP )VP )S (VP *UNK (NP the original goal )NP )VP . )S  STOP
(S (ADVP Thus )ADVP , (NP subsidized loans )NP (VP tend (S (VP to (VP turn (PP into (NP (NP *UNK programs )NP , (PP with (NP (NP increasing subsidy and default rates )NP (PP over (NP time )NP )PP )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (S (VP To (VP avoid (NP this problem )NP )VP )VP )S , (NP government )NP (VP should (VP issue (NP credit )NP (SBAR (ADVP only )ADVP if (S (NP it )NP (VP intends (S (VP to (VP use (NP every legal method )NP (S (VP to (VP collect )VP )VP )S )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP contrast )NP )PP , (NP credit programs )NP (VP can (VP be (NP (NP appropriate tools )NP (SBAR (S (VP to (VP improve (NP (NP the operation )NP (PP of (NP capital markets )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (PP For (NP example )NP )PP , (NP (NP legal restrictions )NP (PP on (NP interstate banking )NP )PP )NP (ADVP once )ADVP (VP *UNKED (NP (NP the supply )NP (PP of (NP credit )NP )PP (PP to (NP the agricultural sector )NP )PP )NP )VP . )S  STOP
(S (NP Farm lending )NP (VP was (VP enacted (S (VP to (VP correct (NP this problem )NP (PP by (S (VP providing (NP (NP a *UNK flow )NP (PP of (NP *UNK funds )NP )PP )NP )VP )S )PP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP However )ADVP , (NP this )NP (PP in (NP no way )NP )PP (VP *UNK (NP the (NX (NX huge government subsidies )NX and (NX (NP losses )NP (PP on (NP such loans )NP )PP )NX )NX )NP )VP . )S  STOP
(S (NP Credit policy )NP (VP should (VP (VP separate (NP these two competing objectives )NP )VP and (VP eliminate (NP (NP aspects )NP (SBAR (WHNP that )WHNP (S (VP provide (NP the subsidy )NP )VP )S )SBAR )NP )VP )VP )VP . )S  STOP
(S (PP For (NP example )NP )PP , (NP student loans )NP (ADVP currently )ADVP (VP attempt (S (VP to (VP (VP *UNK (NP college *UNK )NP )VP and (VP *UNK (NP (NP problems )NP (VP created (PP by (NP the fact (SBAR that (S (NP (NP students ' )NP future earnings )NP (VP are not (VP accepted (PP as (NP collateral )NP )PP )VP )VP )S )SBAR )NP )PP )VP )NP )VP )VP )VP )S )VP . )S  STOP
(S (NP The program )NP (VP provides (NP (ADJP highly subsidized )ADJP loans )NP (PP to (NP (NP any student )NP (SBAR (WHNP whose family )WHNP (S (VP *UNK (NP (NP less )NP (PP than (NP a particular amount )NP )PP )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP High default rates )NP , (NP a low interest rate )NP , and (NP (NP government coverage )NP (PP of (NP (NP all interest costs )NP (SBAR while (S (NP the student )NP (VP is (PP in (NP school )NP )PP )VP )S )SBAR )NP )PP )NP )NP (VP make (S (NP program costs )NP (ADJP extremely high )ADJP )S )VP . )S  STOP
(S (NP (NP *UNKC )NP (SBAR (WHNP that )WHNP (S (VP do not (VP need (NP the loan )NP )VP )VP )S )SBAR )NP (VP can (VP make (NP money )NP (PP (ADVP simply )ADVP by (S (VP (VP putting (NP the loan )NP (PP in (NP the bank )NP )PP )VP and (VP paying (NP it )NP (PRT back )PRT (SBAR (WHADVP when )WHADVP (S (NP the student )NP (VP *UNK )VP )S )SBAR )VP )VP )S )PP )VP )VP . )S  STOP
(S (PP In (NP contrast )NP )PP , (NP (NP a student loan program )NP (SBAR (WHNP that )WHNP (S (VP was (VP meant (ADVP solely )ADVP (S (VP to (VP correct (NP *UNK- *UNK )NP )VP )VP )S )VP )VP )S )SBAR )NP (VP would (VP allow (NP loans )NP (PP for (NP any student )NP )PP , (ADVP regardless (PP of (NP family income )NP )PP )ADVP , (PP at (NP (UCP market or *UNK- )UCP rates )NP )PP )VP )VP . )S  STOP
(S (SBAR While (S (NP the student )NP (VP was (PP in (NP school )NP )PP )VP )S )SBAR , (NP interest costs )NP (VP would (VP either be (VP (VP paid (PP by (NP the student )NP )PP )VP or (VP added (PP to (NP the loan balance )NP )PP )VP )VP )VP )VP . )S  STOP
(S (NP (NP This program )NP , (VP combined (PP with (NP (NP cash grants )NP (PP to (NP *UNK students )NP )PP )NP )PP )VP , )NP (VP would (VP (VP reduce (NP program costs )NP )VP and (VP (ADVP much more effectively )ADVP target (NP the intended beneficiaries )NP )VP )VP )VP . )S  STOP
(S (LST 2 . )LST (VP *UNKC (NP better incentives )NP )VP . )S  STOP
(S (PP Given (NP (NP the structure )NP (PP of (NP most credit programs )NP )PP )NP )PP , (NP (NP it )NP )NP (VP is (ADJP surprising )ADJP (SBAR that (S (NP default rates )NP (VP are not (ADJP even higher )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC rates )NP (VP are (ADVP typically )ADVP (NP 100 % )NP , (S (VP giving (NP lenders )NP (NP (NP little reason )NP (SBAR (S (VP to (VP screen (NP customers )NP (ADVP carefully )ADVP )VP )VP )S )SBAR )NP )VP )S )VP . )S  STOP
(S (S (VP *UNKING (NP those rates )NP (ADVP moderately )ADVP (PRN -LRB- (INTJ say )INTJ , (PP to (NP 75 % )NP )PP -RRB- )PRN )VP )S (VP would (ADVP still )ADVP (VP provide (NP substantial assistance )NP (PP to (NP borrowers )NP )PP )VP )VP . )S  STOP
(S But (NP it )NP (VP would (ADVP also )ADVP (VP (VP encourage (S (NP lenders )NP (VP to (VP (VP choose (NP (ADJP more *UNK )ADJP customers )NP )VP )VP )VP )S )VP , and (VP go (NP a long way )NP (PP toward (S (VP reducing (NP defaults )NP )VP )S )PP )VP )VP )VP . )S  STOP
(S (PP For (NP example )NP )PP , (NP the Small Business Administration )NP (VP has (VP had (NP reasonable success )NP (PP in (S (VP reducing (NP both (NP guarantee rates )NP and (NP default rates )NP )NP )VP )S )PP (PP in (NP (NP its *UNKED *UNKC ' )NP Program )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC ' )NP incentives )NP (VP are (ADJP equally *UNKED )ADJP )VP . )S  STOP
(S (SBAR Since (S (NP the government )NP (VP has (NP (NP a dismal record )NP (PP of (S (VP collecting (NP bad debts )NP )VP )S )PP )NP )VP )S )SBAR , (NP (NP the costs )NP (PP to (NP the *UNK )NP )PP (PP of (NP *UNKING )NP )PP )NP (VP are (ADVP usually )ADVP (ADJP low )ADJP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP (NP it )NP )NP (VP is (ADVP often )ADVP (ADJP possible )ADJP (S (VP to (VP obtain (NP a new government loan )NP (SBAR (ADVP even )ADVP if (S (NP existing debts )NP (VP are not (VP paid (PRT off )PRT )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP *UNKC policy *UNK )NP (PP in (NP this case )NP )PP (VP would (VP be (S (S (VP to (VP improve (NP debt collection )NP (PRN -LRB- (S (VP taking (NP the *UNK )NP (PP off (NP contracted collection agencies )NP )PP )VP )S -RRB- )PRN )VP )VP )S and (S (VP to (VP deny (NP new credit )NP (PP to (NP *UNK )NP )PP )VP )VP )S )S )VP )VP . )S  STOP
(S (NP These provisions )NP (VP (VP would (VP be (ADJP difficult (SBAR (S (VP to (VP *UNK )VP )VP )S )SBAR )ADJP (PP for (NP (NP a program )NP (VP intended (S (VP to (VP provide (NP a subsidy )NP )VP )VP )S )VP )NP )PP )VP )VP , but (VP would (VP be (NP (ADJP reasonable and effective )ADJP devices )NP (PP for (NP (NP programs )NP (SBAR (WHNP that )WHNP (S (VP attempt (S (VP to (VP offset (NP market *UNK )NP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S (LST 3 . )LST (VP *UNKC (NP (NP the true costs )NP (PP of (NP credit programs )NP )PP )NP (PP in (NP the federal budget )NP )PP )VP . )S  STOP
(S (SBAR Since (S (NP the budget )NP (VP measures (NP cash flow )NP )VP )S )SBAR , (NP a new (ADJP $ 1 )ADJP direct loan )NP (VP is (VP treated (PP as (NP a (ADJP $ 1 )ADJP *UNK )NP )PP , (SBAR (ADVP even )ADVP though (S (NP (NP (ADVP at least )ADVP part )NP (PP of (NP the loan )NP )PP )NP (VP will (VP be (VP paid (PRT back )PRT )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Loan guarantees )NP (VP do n't (VP appear (ADVP at all )ADVP (SBAR until (S (NP the *UNK )NP (VP defaults )VP )S )SBAR , (SBAR so (S (NP new guarantees )NP (VP do not (VP raise (NP the deficit )NP , (SBAR (ADVP even )ADVP though (S (NP they )NP (VP create (NP (NP future liabilities )NP (PP for (NP the government )NP )PP )NP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP By (S (VP converting (NP an *UNK or loan )NP (PP to (NP a guarantee )NP )PP )VP )S )PP , (NP the government )NP (VP can (VP (VP ensure (NP (NP the same flow )NP (PP of (NP resources )NP )PP )NP )VP and (VP reduce (NP the current deficit )NP )VP )VP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP (NP guarantees )NP (ADJP outstanding )ADJP )NP (VP have (VP risen (PP by (NP (QP $ 130 billion )QP )NP )PP (PP since (NP 1985 )NP )PP , (SBAR while (S (NP (NP direct loans )NP (ADJP outstanding )ADJP )NP (VP have (VP fallen (PP by (NP (QP $ 30 billion )QP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP The true *UNK cost )NP (PP of (NP a credit subsidy )NP )PP )NP (VP is (NP (NP the discounted value )NP (PP of (NP (NP the net costs )NP (PP to (NP government )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP This figure )NP (VP could (VP be (VP (VP estimated (S (VP using (NP (NP techniques )NP (VP employed (PP by (NP private lenders )NP )PP (S (VP to (VP forecast (NP losses )NP )VP )VP )S )VP )NP )VP )S )VP , or (VP determined (PP by (S (VP selling (NP loans )NP (PP to (NP private owners )NP )PP (PRN -LRB- (PP without (NP federal guarantees )NP )PP -RRB- )PRN )VP )S )PP )VP )VP )VP )VP . )S  STOP
(S (S (NP Neither technique )NP (VP is (ADJP perfect )ADJP )VP )S , but (S (NP both )NP (VP are (ADJP (ADJP better )ADJP (PP than (NP (NP the current system )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP (NP the costs )NP (PP of (NP new credit programs )NP )PP )NP (PP by (NP (NP amounts )NP (SBAR (WHNP that )WHNP (S (VP (VP vary (ADVP substantially )ADVP )VP and (VP average (NP (QP about $ 20 billion )QP )NP (ADVP annually )ADVP )VP )VP )S )SBAR )NP )PP , (PP according (PP to (NP the Congressional Budget Office )NP )PP )PP )VP )S )SBAR )NP )PP )ADJP )VP )S . )S  STOP
(S (NP (NP A budget )NP (SBAR (WHNP that )WHNP (S (VP reflected (NP (NP the real costs )NP (PP of (NP lending )NP )PP )NP )VP )S )SBAR )NP (VP (VP would (VP eliminate (NP incentives (S (VP to (VP convert (NP (ADJP spending or lending )ADJP programs )NP (PP to (NP guarantees )NP )PP )VP )VP )S )NP )VP )VP and (VP would (VP let (S (NP taxpayers )NP (VP know (SBAR (WHNP what )WHNP (S (NP Congress )NP (VP is (VP *UNKING (NP them )NP (PP to )PP )VP )VP )S )SBAR )VP )S )VP )VP )VP . )S  STOP
(S (LST 4 . )LST (VP *UNKC (NP standard (UCP accounting and administrative )UCP practices )NP )VP . )S  STOP
(S (NP *UNKC accounting )NP (VP is (NP (NP a *UNK )NP (PP of (NP federal credit )NP )PP )NP )VP . )S  STOP
(S (NP Many agencies )NP (VP roll (PRT over )PRT (NP their debt )NP , (S (VP (VP paying (PRT off )PRT (NP *UNK loans )NP (PP by (S (VP issuing (NP new loans )NP )VP )S )PP )VP , or (VP converting (NP *UNKED loan guarantees )NP (PP into (NP direct loans )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP In (NP any case )NP )PP , (NP they )NP (VP avoid (S (VP having (S (VP to (VP write (PRT off )PRT (NP the loans )NP )VP )VP )S )VP )S )VP . )S  STOP
(S (S (NP Some agencies )NP (ADVP simply )ADVP (VP keep (S (NP bad loans )NP (PP on (NP the books )NP )PP )S )VP )S ; (S (ADVP (ADVP as late )ADVP (PP as (NP 1987 )NP )PP )ADVP , (NP the *UNKC Bank )NP (VP held (PP in (NP its portfolio )NP )PP (PP at (NP face value )NP )PP (NP (NP loans )NP (VP made (PP to (NP Cuba )NP )PP (PP in (NP the 1950s )NP )PP )VP )NP )VP )S . )S  STOP
(S (ADVP More seriously )ADVP , (NP *UNKC )NP (VP has (VP carried (NP (NP (QP several billion )QP dollars )NP (PP of (NP *UNKED loans )NP )PP )NP (PP at (NP face value )NP )PP )VP )VP . )S  STOP
(S (PP Until (NP (NP *UNKC 's )NP recent audit )NP )PP , (NP FHA books )NP (VP had not (VP been (ADJP subject (PP to (NP a complete *UNK audit )NP )PP )ADJP (PP in (NP 15 years )NP )PP )VP )VP . )S  STOP
(S (NP (NP The administration )NP (PP of (NP federal credit )NP )PP )NP (VP should (VP (ADVP closely )ADVP *UNK (NP (NP private lending practices )NP , (PP including (NP (NP (NP the development )NP (PP of (NP a loan loss reserve )NP )PP )NP and (NP regular outside audits )NP )NP )PP )NP )VP )VP . )S  STOP
(S (S (VP *UNKING (NP these practices )NP )VP )S (VP would (VP (VP permit (NP (NP earlier *UNK )NP (PP of (NP emerging financial *UNK )NP )PP )NP )VP , (VP provide (NP better information )NP (PP for (NP (NP loan sales )NP and (NP *UNKING decisions )NP )NP )PP )VP , and (VP reduce (NP fraud )NP )VP )VP )VP . )S  STOP
(S (NP Government lending )NP (VP was not (VP intended (S (VP to (VP be (NP (NP a way )NP (SBAR (S (VP to (VP (VP *UNK (NP spending figures )NP )VP , (VP hide (NP fraudulent activity )NP )VP , or (VP provide (NP large subsidies )NP )VP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The reforms )NP (VP described (ADVP above )ADVP )VP )NP (VP would (VP provide (NP a (ADJP (ADJP more limited )ADJP , but (ADJP (ADJP *UNK )ADJP , (ADJP safer )ADJP and (ADJP ultimately more useful )ADJP )ADJP )ADJP role )NP (PP for (NP (NP government )NP (PP as (NP a *UNK )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP Without (NP such reforms )NP )PP , (NP credit programs )NP (VP will (VP continue (S (VP to (VP be (NP a *UNK- , high-risk *UNK )NP (PP for (NP taxpayers )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (NP (NP an assistant professor )NP (PP of (NP economics )NP )PP (PP at (NP *UNKC )NP )PP )NP )VP . )S  STOP
(S (NP Malcolm S. *UNKC )NP (VP was (VP named (S (NP (NP vice president )NP and (NP (NP senior officer )NP (PP in (NP (NP charge )NP (PP of (NP (NP (NP equipment leasing )NP (PP to (NP *UNK )NP )PP )NP , (NP (NP a new effort )NP (PP of (NP this bond insurer )NP )PP )NP )NP )PP )NP )PP )NP )NP )S )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP had (VP been (NP (NP (NP vice president )NP and (NP treasurer )NP )NP (PP of (NP *UNKC Corp )NP )PP )NP )VP )VP . )S  STOP
(S (NP President Bush )NP (VP is (VP considering (S (VP casting (NP a line-item veto )NP (PP as (NP (NP a test )NP (SBAR (S (VP to (VP determine (SBAR whether (S (NP the courts )NP (VP will (VP rule (SBAR that (S (NP he )NP (VP has (NP such authority )NP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP Mr. Bush )NP (VP has (ADVP long )ADVP (VP *UNKED (PP for (NP (NP passage )NP (PP of (NP (NP (NP a bill )NP or (NP a constitutional amendment )NP )NP (SBAR (WHNP that )WHNP (S (VP would (VP (ADVP *UNKLY )ADVP give (NP him )NP (NP (NP a line-item veto )NP , (SBAR (WHNP which )WHNP (S (VP would (VP enable (S (NP him )NP (VP to (VP kill (NP (NP individual items )NP (PP in (NP a big spending bill )NP )PP )NP (PP without (S (VP having (S (VP to (VP kill (NP the entire bill )NP )VP )VP )S )VP )S )PP )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP He )NP (VP has (VP argued (SBAR that (S (NP such presidential power )NP (VP is (ADJP necessary (S (VP to (VP *UNK (PRT in )PRT (NP congressional spending )NP )VP )VP )S )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S But (NP (NP some analysts )NP , (ADVP particularly )ADVP (NP conservative legal scholars )NP , )NP (VP have (VP urged (NP Mr. Bush )NP (S (S not (VP to (VP wait (PP for (NP *UNK authorization )NP )PP )VP )VP )S but (S (ADVP simply )ADVP (VP to (VP *UNK (SBAR that (S (NP the Constitution )NP (ADVP already )ADVP (VP (ADVP *UNKLY )ADVP gives (NP him )NP (NP the power (S (VP to (VP exercise (NP a line-item veto )NP )VP )VP )S )NP )VP )S )SBAR )VP )VP )S )S )VP )VP . )S  STOP
(S (NP Such an *UNK )NP (ADVP most likely )ADVP (VP would (VP bring (PRT about )PRT (NP (NP a court challenge )NP (PP from (NP Congress )NP )PP (SBAR (WHNP that )WHNP (S (VP would (VP *UNK (SBAR whether (S (NP a president )NP (ADVP already )ADVP (VP has (NP such power )NP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP White House spokesman Marlin Fitzwater )NP , (S (VP *UNKING (NP (NP comments )NP (VP made (NP this week )NP (PP by (NP Vice President Dan Quayle )NP )PP )VP )NP )VP )S , (VP said (SBAR (S (NP Mr. Bush )NP (VP is (ADJP `` interested '' (PP in (S (VP finding (NP a *UNK test case )NP )VP )S )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S But (NP he )NP (ADVP also )ADVP (VP said (SBAR that (S (S (VP *UNKING (NP a test line-item veto )NP )VP )S (VP is n't (NP a `` top initiative '' )NP (PP on (NP (NP the president 's )NP agenda )NP )PP (SBAR because (S (NP he )NP (VP faces (NP *UNKING budget issues )NP (PP at (NP the moment )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Harris *UNKC )NP , (NP (NP executive vice president )NP (PP of (NP customer satisfaction )NP )PP )NP , )NP (VP was (VP named (S (NP (NP executive vice president )NP , (NP (NP finance and administration )NP (PP of (NP (NP this maker )NP (PP of (NP data storage equipment )NP )PP )NP )PP )NP )NP )S )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP succeeds (NP (NP William R. *UNKC Jr. )NP , (SBAR (WHNP who )WHNP (S (VP will (VP remain (PP with (NP the company )NP )PP (PP until (NP (NP the end )NP (PP of (NP the year )NP )PP )NP )PP (S (VP (VP to (VP support (NP the transition )NP )VP )VP and (VP to (VP complete (NP important projects )NP )VP )VP )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The Bush administration )NP (VP said (SBAR (S (NP it )NP (VP is (VP *UNKING (NP (NP a `` comprehensive '' proposal )NP (PP for (S (VP *UNKING (NP agricultural trade )NP )VP )S )PP (SBAR (WHNP that )WHNP (S (VP could (VP help (VP break (NP (NP an *UNK )NP (PP in (NP (NP the current round )NP (PP of (NP *UNK trade negotiations )NP )PP )NP )PP )NP )VP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The proposal )NP (VP *UNK (NP the U.S. desire (S (VP to (VP *UNK or reduce (NP (NP a host )NP (PP of (NP (NP *UNKING subsidies )NP (PP on (NP farm products )NP )PP )NP )PP )NP )VP )VP )S )NP )VP . )S  STOP
(S But (NP it )NP (VP would (VP allow (NP (NP considerable flexibility )NP (PP in (S (VP determining (SBAR (WHADVP how and when )WHADVP (S (NP these goals )NP (VP would (VP be (VP achieved )VP )VP )VP )S )SBAR )VP )S )PP )NP )VP )VP . )S  STOP
(S (NP The U.S. plan )NP (ADVP also )ADVP (VP would (VP ease (NP (NP the transition )NP (PP to (NP *UNK agriculture trade )NP )PP )NP (PP by (S (VP allowing (S (NP some countries )NP (VP to (VP convert (NP *UNK- barriers )NP (PP into (NP (NP tariffs )NP (SBAR (WHNP that )WHNP , (S (S (ADJP together (PP with (NP existing tariffs )NP )PP )ADJP )S , (ADVP then )ADVP (VP would (VP be (VP *UNKED (PRT out )PRT (PP over (NP 10 years )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )S )PP )VP )VP . )S  STOP
(S (NP (NP Trade *UNKC *UNKC Hills )NP , (SBAR (WHNP who )WHNP (S (PP along (PP with (NP Agriculture Secretary *UNKC *UNKC )NP )PP )PP (VP unveiled (NP the proposal )NP )VP )S )SBAR , )NP (VP said (SBAR (S (NP she )NP (VP is (ADJP confident (SBAR (S (NP it )NP (VP will (VP gain (NP (NP considerable support )NP (PP from (NP (NP the U.S. 's )NP trading partners )NP )PP )NP )VP )VP )S )SBAR )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP , (S (VP seeking (S (VP to (VP *UNK (NP (NP European objections )NP (PP to (NP (NP an earlier U.S. plan )NP (SBAR (WHNP that )WHNP (S (VP called (PP for (S (VP eliminating (NP all *UNK- barriers )NP (PP by (NP the year 2000 )NP )PP )VP )S )PP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP )S , (VP said (SBAR (S (NP the new U.S. proposal )NP (VP (VP would n't `` (VP put (NP farmers )NP (PP out (PP of (NP business )NP )PP )PP )VP '' )VP but (VP would (ADVP only )ADVP (VP encourage (S (NP them )NP (VP to `` (VP grow (NP (SBAR (WHNP what )WHNP (S (NP the markets )NP (VP desire )VP )S )SBAR (CONJP instead of )CONJP (SBAR (WHNP what )WHNP (S (NP the government )NP (VP wants )VP )S )SBAR )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP The U.S. )NP (VP is (VP *UNKING (NP the proposal )NP (NP today )NP (PP in (NP Geneva )NP )PP , (S (VP hoping (SBAR that (S (NP the initiative )NP (VP will (VP spur (S (NP (NP members )NP (PP of (NP (NP the General *UNKC )NP (PP on (NP *UNKC and Trade )NP )PP )NP )PP )NP (VP to (VP reach (NP (NP agreement )NP (PP on (NP new trade rules )NP )PP )NP (SBAR before (S (NP their current negotiating round )NP (VP concludes (PP in (NP December 1990 )NP )PP )VP )S )SBAR )VP )VP )S )VP )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(S (NP (NP Another U.S. proposal )NP (VP filed (NP Monday )NP )VP )NP (VP *UNK (NP (NP more `` fair play '' )NP (PP in (NP (NP services trade )NP , (PP including (NP (NP (ADJP *UNK and clear )ADJP rules )NP and (NP (NP *UNK )NP (PP in (NP (NP the treatment )NP (PP of (NP (ADJP foreign and domestic )ADJP service companies )NP )PP )NP )PP )NP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP Unlike (NP (NP the earlier U.S. *UNK- proposal )NP (SBAR (WHNP which )WHNP (S (VP struck (NP European countries )NP (SBAR as (S (ADJP too extreme )ADJP )S )SBAR )VP )S )SBAR )NP )PP , (NP the latest plan )NP (VP would (VP provide (NP (NP some room )NP (PP for (NP maneuver )NP )PP )NP )VP )VP . )S  STOP
(S (PP For (NP instance )NP )PP , (NP the new U.S. package )NP (VP makes (S (ADJP clear )ADJP (SBAR (S (NP there )NP (VP would (VP be (NP (NP a transition period )NP (SBAR (WHPP during (WHNP which )WHNP )WHPP (S (NP *UNKC members )NP (VP could (VP use (NP (NP a combination )NP (PP of (NP tariffs and quotas )NP )PP )NP (S (VP to (VP cushion (NP their farmers )NP (PP from (NP foreign competition )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )S )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP says (SBAR (S (NP countries )NP (VP could (ADVP temporarily )ADVP (VP raise (NP (NP tariffs )NP (PP on (NP certain products )NP )PP )NP (SBAR if (S (NP they )NP (VP experience (NP (NP an (ADJP unusually heavy )ADJP volume )NP (PP of (NP imports )NP )PP )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Instead (PP of (S (VP proposing (NP (NP a complete *UNK )NP (PP of (NP farm subsidies )NP )PP )NP , (SBAR as (S (NP the earlier U.S. proposal )NP (VP did )VP )S )SBAR , )VP )S )PP )ADVP (NP the new package )NP (VP calls (PP for (NP (NP the *UNK )NP (PP of (NP only the (ADJP most *UNKING )ADJP ones )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP *UNKC *UNK ones )NP (VP would (VP be (ADJP subject (ADVP only )ADVP (PP to (NP some *UNK )NP )PP )ADJP )VP )VP )S , and (S (NP (NP others )NP (PP with (NP a `` (ADJP relatively minor )ADJP trade impact '' )NP )PP )NP (VP would (VP be (VP allowed (S (VP to (VP continue (PP under (NP certain conditions )NP )PP )VP )VP )S )VP )VP )VP )S . )S  STOP
(S (NP The new U.S. plan )NP (ADVP also )ADVP (VP would (VP establish (NP (NP procedures )NP (SBAR (S (VP to (VP prevent (NP countries )NP (PP from (S (VP using (NP health and *UNK rules )NP (S (VP to (VP *UNK (NP trade )NP (ADVP *UNKLY )ADVP )VP )VP )S )VP )S )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP The goal )NP (VP would (VP be (S (VP to (VP resolve (NP (NP disputes )NP (PP such as (NP (NP one )NP (VP prompted (PP by (NP (NP the European Community 's )NP current attempt (S (VP to (VP bar (NP (NP imports )NP (PP of (NP beef )NP )PP (PP from (NP *UNKED U.S. cattle )NP )PP )NP )VP )VP )S )NP )PP )VP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP The U.S. )NP (VP contends (SBAR that (S (NP the rules )NP (VP are n't (ADJP justified )ADJP (PP on (NP health grounds )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (VP To (VP encourage (NP (NP more competition )NP (PP among (NP *UNKING countries )NP )PP )NP )VP )VP )S , (NP the U.S. )NP (VP is (VP proposing (SBAR that (S (NP (NP export subsidies )NP , (PP including (NP (NP tax incentives )NP (PP for (NP *UNK )NP )PP )NP )PP , )NP (VP be (VP *UNKED (PRT out )PRT (PP in (NP five years )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Procter & Gamble Co. )NP , (S (VP helped (PP by (NP (NP (NP a gain )NP (PP from (NP a lawsuit settlement )NP )PP )NP and (NP (NP continued growth )NP (ADVP overseas )ADVP )NP )NP )PP )VP )S , (VP posted (NP (NP a (ADJP 38 % )ADJP rise )NP (PP in (NP fiscal *UNK- net income )NP )PP )NP )VP . )S  STOP
(S (NP (NP Net )NP (PP for (NP (NP the quarter )NP (VP ended (NP Sept. 30 )NP )VP )NP )PP )NP (VP climbed (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ 400 million )QP )NP , or (NP (NP (NP $ *UNKN )NP (NP a share )NP )NP , (ADVP (NP a year )NP earlier )ADVP )NP )NP )PP )VP . )S  STOP
(S (NP Per-share figures )NP (VP have (VP been (VP adjusted (PP for (NP (NP a *UNKN stock split )NP (ADJP effective (NP Oct. 20 )NP )ADJP )NP )PP )VP )VP )VP . )S  STOP
(S (NP Sales )NP (VP increased (NP 6 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP (NP Earnings )NP (PP at (NP the *UNK- giant )NP )PP )NP (VP were (VP boosted (PP by (NP (NP a gain )NP (PP of (NP (NP (QP $ 125 million )QP )NP , or (NP (NP (QP about 25 )QP cents )NP (NP a share )NP )NP , )NP )PP (VP stemming (PP from (NP (NP (NP last month 's )NP settlement )NP (PP of (NP (NP litigation )NP (PP with (NP (NP three )NP (PP of (NP (NP P&G 's )NP competitors )NP )PP )NP )PP (PP over (NP (NP patents )NP (PP on (NP (NP P&G 's )NP *UNKC *UNKC *UNK )NP )PP )NP )PP )NP )PP )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (PP Excluding (NP the gain )NP )PP , (NP (NP P&G 's )NP earnings )NP (VP were (ADJP close (PP to (NP (NP (NP analysts ' )NP predictions )NP (PP of (NP (NP (QP about $ *UNKN )QP )NP (NP a share )NP )NP )PP (PP for (NP the quarter )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (NP Wall Street )NP (VP had (VP expected (NP (NP (NP a modest rise )NP (PP in (NP (NP the company 's )NP domestic sales and earnings )NP )PP )NP , and (NP (NP more substantial increases )NP (PP in (NP overseas results )NP )PP )NP )NP )VP )VP . )S  STOP
(S (S (NP (NP One factor )NP (VP helping (NP sales and earnings )NP )VP )NP (VP was (NP (NP a (ADJP 3 % )ADJP price rise )NP (PP for (NP (NP most P&G products )NP , except (NP coffee )NP )NP )PP )NP )VP )S , (NP analysts )NP (VP said )VP . )S  STOP
(S (NP (NP *UNKC volume )NP , or (NP (NP amount )NP (PP of (NP products )NP )PP (VP shipped )VP )NP , )NP (VP rose (NP (QP about 11 )QP % )NP (PP in (NP the international segment )NP )PP , (PP with (S (NP P&G )NP (VP continuing (S (VP to (VP win (NP market share )NP (PP in (NP (NP Japan 's )NP *UNK and *UNK markets )NP )PP )VP )VP )S )VP )S )PP )VP . )S  STOP
(S (NP (NP Jay *UNKC )NP , (NP (NP analyst )NP (PP with (NP Kidder , Peabody & Co. )NP )PP )NP , )NP (VP said (SBAR (S (NP (NP (NP P&G 's )NP *UNKC *UNK *UNK )NP , (VP sold (PP under (NP the *UNKC name )NP )PP (PP in (NP Japan )NP )PP )VP , )NP (VP has (VP (ADVP firmly )ADVP established (NP itself )NP (PP as (NP a leading brand )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP figures (SBAR (S (NP P&G )NP (VP will (VP expand (NP (NP its *UNK- product line )NP (PP in (NP Japan )NP )PP )NP (S (VP to `` (VP continue (NP that momentum )NP )VP )VP )S )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP P&G 's )NP U.S. shipments )NP (VP were (ADVP up (NP (QP just 1 )QP % )NP )ADVP , (SBAR (ADVP partly )ADVP because (S (NP the company )NP (VP decided (S (VP to (VP shift (NP (NP more promotions and sales )NP (PP for (NP health and beauty products )NP )PP )NP (PP to (NP the fiscal second quarter )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP analyst )NP (PP with (NP Salomon Bros. )NP )PP )NP , )NP (VP predicts (SBAR (S (NP the shift )NP (VP will (VP mean (SBAR (S (NP (NP (NP P&G 's )NP sales growth )NP (PP in (NP the second quarter )NP )PP )NP (VP will (VP be `` (PP in (NP the double *UNK )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . '' )S  STOP
(SINV (ADVP Also )ADVP (VP slowing (NP (NP growth )NP (PP in (NP the U.S. )NP )PP )NP )VP (VP were )VP (NP (NP lackluster results )NP (PP for (NP (NP (NP P&G 's )NP *UNKING *UNK )NP , (SBAR (WHNP which )WHNP (S (VP had (NP a strong year-earlier first quarter )NP )VP )S )SBAR )NP )PP )NP . )SINV  STOP
(S (S (NP (NP (NP Last year 's )NP *UNK )NP (PP in (NP the Midwest )NP )PP )NP (VP prompted (S (NP retailers )NP (VP to (VP stock (PRT up )PRT (PP on (NP *UNK )NP )PP (ADVP ahead (PP of (NP anticipated price increases )NP )PP )ADVP )VP )VP )S , (S (VP boosting (NP (NP sales )NP (PP for (NP *UNKC and *UNKC *UNK )NP )PP )NP )VP )S )VP )S , (NP analysts )NP (VP said )VP . )S  STOP
(S (PP For (NP fiscal 1990 )NP )PP , (NP analysts )NP (VP expect (S (NP (NP P&G 's )NP sales )NP (VP to (VP continue (S (VP to (VP grow , (PP with (S (NP earnings )NP (VP climbing (NP (QP between 15 % and 20 % )QP )NP )VP )S )PP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP vice president )NP (PP of (NP equity research )NP )PP (PP for (NP First Boston Corp. )NP )PP )NP , )NP (VP expects (S (NP P&G )NP (VP to (VP post (NP (NP net )NP (PP of (NP (NP (QP about $ *UNKN )QP )NP (NP a share )NP )NP )PP )NP , (PP on (NP a *UNK- basis )NP )PP )VP )VP )S )VP . )S  STOP
(S `` (S But (NP I )NP (VP 'm (VP *UNKING (SBAR (S (NP there )NP (VP 's (NP a good chance (SBAR (S (NP they )NP (VP 'll (VP do (ADVP (ADVP (NP a bit )NP better )ADVP (PP than (NP that )NP )PP )ADVP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP )S , '' (NP she )NP (VP says )VP . )S  STOP
(S (PP In (NP fiscal 1989 )NP )PP , (NP P&G )NP (VP earned (NP (NP (NP $ *UNKN )NP (NP a share )NP )NP , (VP adjusted (PP for (NP the stock split )NP )PP )VP )NP )VP . )S  STOP
(S (NP (NP One big factor )NP (VP affecting (NP the fiscal second half )NP )VP )NP (VP will (VP be (NP (NP the new *UNK )NP (PP of (NP (NP *UNKC L. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP becomes (NP (NP chairman )NP and (NP chief executive officer )NP )NP (PP in (NP January )NP )PP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (PP Because of (NP (NP his remarkable success )NP (VP turning (PRT around )PRT (NP (NP P&G 's )NP international operations )NP )VP )NP )PP , (NP analysts )NP (VP have (NP (NP high hopes )NP (PP for (NP his tenure )NP )PP )NP )VP . )S  STOP
(S `` (SBAR If (S (NP he )NP (VP does (PP to (NP the domestic operations )NP )PP (SBAR (WHNP what )WHNP (S (NP he )NP (VP did (ADVP *UNKLY )ADVP )VP )S )SBAR )VP )S )SBAR (PRN , '' (SINV (VP says )VP (NP Mr. *UNKC )NP )SINV , )PRN `` (NP this company )NP (VP will (VP earn (NP (NP (QP $ 6 or $ 7 )QP )NP (NP a share )NP )NP (PP in (NP a few years )NP )PP )VP )VP . )S  STOP
(S (NP (NP The *UNKING Rights Act )NP (PP of (NP *UNKN )NP )PP )NP (VP was (VP enacted (S (VP to (VP (VP keep (NP (NP the promise )NP (PP of (NP the *UNKC Amendment )NP )PP )NP )VP and (VP enable (S (NP Southern blacks )NP (VP to (VP go (PP to (NP the polls )NP )PP , (S (VP *UNKED (PP by (NP (NP *UNK tests )NP and (NP other *UNK devices )NP )NP )PP )VP )S )VP )VP )S )VP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP (NP *UNKC years )NP later )ADVP , (NP the *UNKING Rights Act )NP (VP has (VP been (VP *UNKED (PP by (NP (NP the courts )NP and (NP the Justice Department )NP )NP )PP (PP into (NP (NP a program )NP (PP of (NP (NP racial *UNKING )NP (VP designed (S (VP to (VP increase (NP (NP the number )NP (PP of (NP (NP (NP blacks )NP and (NP (NP other *UNK )NP (PRN -- (NP (NP *UNKC )NP , (NP *UNKC )NP and (NP native Americans )NP )NP -- )PRN )NP )NP (VP holding (NP *UNK office )NP )VP )NP )PP )NP )VP )VP )S )VP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (PP In (NP the 1980s )NP )PP , (NP the (NX (NX Justice Department )NX and (NX (NP lower federal courts )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP the *UNKING Rights Act )NP )VP )S )SBAR )NX )NX )NP (VP have (VP required (S (NP (NP state *UNK )NP and (NP municipal governments )NP )NP (VP to (VP create (NP (NP the maximum number )NP (PP of (NP (NP `` safe '' minority election districts )NP -- (NP (NP districts )NP (SBAR (WHADVP where )WHADVP (S (NP minorities )NP (VP form (NP (NP (QP between 65 % and 80 % )QP )NP (PP of (NP the voting population )NP )PP )NP )VP )S )SBAR )NP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP The program )NP (VP has (ADVP even )ADVP (VP been (VP called (PP upon )PP (S (VP to (VP create (NP `` safe '' white *UNK districts )NP (PP in (NP (NP *UNK )NP (SBAR (WHADVP where )WHADVP (S (NP whites )NP (VP are (NP the minority )NP )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP )VP . )S  STOP
(S (SBAR Although (S (NP (NP Section 2 )NP (PP of (NP the act )NP )PP )NP (VP (ADVP *UNKLY )ADVP *UNK (S (VP requiring (SBAR that (S (NP minorities )NP (VP win (NP (NP a *UNK share )NP (PP of (NP *UNK offices )NP )PP )NP )VP )S )SBAR )VP )S )VP )S )SBAR , (NP few (UCP municipal and state )UCP government plans )NP (VP (VP achieve (NP (NP *UNK )NP (PP by (NP the Justice Department )NP )PP )NP )VP or (VP survive (NP (NP the scrutiny )NP (PP of (NP the lower federal courts )NP )PP )NP )VP (SBAR unless (S (NP they )NP (VP *UNK (PRT out )PRT (NP (NP as many (ADJP *UNKLY minority )ADJP districts )NP (PP as (FRAG possible )FRAG )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP The new goal )NP (PP of (NP the *UNKING Rights Act )NP )PP )NP (PRN -- (NP (NP more minorities )NP (PP in (NP political office )NP )PP )NP -- )PRN )NP (VP is (ADJP *UNK )ADJP )VP . )S  STOP
(S (SBAR For (S (NP the political process )NP (VP to (VP work )VP )VP )S )SBAR , (NP all citizens )NP , (ADVP regardless (PP of (NP race )NP )PP )ADVP , (VP must (VP feel (ADJP represented )ADJP )VP )VP . )S  STOP
(S (NP One essential indicator (SBAR that (S (NP they )NP (VP are )VP )S )SBAR )NP (VP is (SBAR that (S (NP (NP members )NP (PP of (NP minority groups )NP )PP )NP (VP get (VP elected (PP to (NP public office )NP )PP (PP with (NP reasonable *UNK )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR As (S (VP is )VP )S )SBAR , (NP blacks )NP (VP constitute (NP (NP (NP 12 % )NP (PP of (NP the population )NP )PP )NP , but (NP (NP (QP fewer than 2 )QP % )NP (PP of (NP elected leaders )NP )PP )NP )NP )VP . )S  STOP
(S But (NP racial *UNKING )NP (VP is not (NP (NP the best way )NP (SBAR (S (VP to (VP accomplish (NP that essential goal )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP It )NP (VP is (NP (NP a quick *UNK )NP (PP for (NP a complex problem )NP )PP )NP )VP . )S  STOP
(S (ADVP Far (PP from (S (VP promoting (NP (NP a *UNK )NP (PP of (NP interests )NP )PP (PP among (NP (ADJP black , white , Hispanic and other )ADJP minority voters )NP )PP )NP )VP )S )PP )ADVP , (S (VP drawing (NP the district lines )NP (PP according (PP to (NP race )NP )PP )PP )VP )S (VP suggests (SBAR that (S (NP race )NP (VP is (NP (NP (NP the *UNK 's )NP and (NP the candidate 's )NP )NP (ADJP most important )ADJP *UNK )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Such a policy )NP (VP *UNK (SBAR (SBAR that (S (NP only a black politician )NP (VP can (VP speak (PP for (NP a black person )NP )PP )VP )VP )S )SBAR , and (SBAR that (S (NP only a white politician )NP (VP can (VP *UNK (PP on (NP (NP behalf )NP (PP of (NP a white one )NP )PP )NP )PP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP (NP the *UNK effects )NP (PP of (NP racial *UNKING )NP )PP )NP )PP )NP (VP can (VP be (VP seen (PP in (NP (NP two cities )NP -- (NP (NP New York )NP and (NP (NP Birmingham )NP , (NP *UNKC )NP )NP )NP )NP )PP )VP )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP they )NP (VP *UNK (NP their districts )NP (PP after (NP the 1990 *UNK )NP )PP )VP )S )SBAR , (NP (NP every other *UNK and state )NP (PP in (NP the country )NP )PP )NP (VP will (VP face (NP this issue )NP )VP )VP . )S  STOP
(NP New York City : )NP  STOP
(S (NP *UNKC *UNKING )NP (VP has (VP been (NP a familiar policy )NP (PP in (NP New York City )NP )PP (PP since (NP (NP 1970 )NP , (SBAR (WHADVP when )WHADVP (S (NP Congress )NP (ADVP first )ADVP (VP amended (NP the *UNKING Rights Act )NP (S (VP to (VP expand (NP its reach )NP (PP beyond (NP the Southern states )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (PP In (NP 1972 )NP )PP , (NP the Justice Department )NP (VP required (SBAR that (S (NP (NP the *UNK *UNK )NP (PP in (NP (NP the borough )NP (PP of (NP Brooklyn )NP )PP )NP )PP )NP (VP be (VP *UNK (S (VP to (VP concentrate (NP (ADJP black and Hispanic )ADJP votes )NP )VP )VP )S )VP )VP )S )SBAR , (PP despite (NP protests (SBAR that (S (NP the new electoral *UNK )NP (VP would (VP split (NP (NP a neighborhood )NP (PP of (NP *UNKC *UNKC )NP )PP )NP (PP into (NP two different districts )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP This year )NP , (NP (NP a commission )NP (VP appointed (PP by (NP the mayor )NP )PP (S (VP to (VP *UNK (NP (NP (NP New York 's )NP system )NP (PP of (NP government )NP )PP )NP )VP )VP )S )VP )NP (VP completed (NP a new charter )NP , (S (VP expanding (NP the City Council )NP (PP to (NP 51 )NP )PP (PP from (NP 35 members )NP )PP )VP )S )VP . )S  STOP
(S (ADVP *UNKC (PP in (NP 1991 )NP )PP )ADVP , (ADVP (ADVP as soon )ADVP (SBAR as (S (NP the 1990 *UNK )NP (VP becomes (ADJP available )ADJP )VP )S )SBAR )ADVP , (NP a *UNKING panel )NP (VP will (VP *UNK (NP the City Council district lines )NP )VP )VP . )S  STOP
(S (NP The *UNKC *UNKC Commission )NP (VP has (VP made (S (NP (NP it )NP )NP (ADJP clear )ADJP (SBAR that (S (PP in (NP (NP response )NP (PP to (NP (NP (NP the expectations )NP (PP of (NP the Justice Department )NP )PP )NP and (NP (NP (NP the commission 's )NP own commitment )NP (PP to (S (VP *UNKING (NP minority political leadership )NP )VP )S )PP )NP )NP )PP )NP )PP , (NP the new district lines )NP (VP will (VP be (VP drawn (S (VP to (VP maximize (NP (NP the number )NP (PP of (NP (ADJP *UNKLY minority )ADJP districts )NP )PP )NP )VP )VP )S )VP )VP )VP )S )SBAR )S )VP )VP . )S  STOP
(S (NP *UNKC and *UNKC )NP (ADVP currently )ADVP (VP (VP make (PRT up )PRT (NP (NP 38 % )NP (PP of (NP (NP the city 's )NP population )NP )PP )NP )VP and (VP hold (NP (NP (QP only 25 )QP % )NP (PP of (NP (NP the seats )NP (PP on (NP the council )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP (NP Several )NP (PP of (NP (NP the city 's )NP black leaders )NP )PP )NP , (PP including (NP Democratic mayoral *UNK David Dinkins )NP )PP , )NP (VP have (VP spoken (PRT out )PRT (PP for (NP (NP racial *UNKING )NP (SBAR (S (VP to (VP accord (NP blacks and *UNKC )NP `` (NP (NP the *UNK opportunity )NP (PP for (NP representation )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP . '' )S  STOP
(S (PP In (NP this connection )NP )PP , (NP (NP it )NP )NP (VP is (ADJP important )ADJP (S (VP to (VP note (SBAR that (S (NP (NP several members )NP (PP of (NP (NP New York 's )NP sitting City Council )NP )PP )NP (VP represent (NP (NP (NP *UNK districts )NP (SBAR (WHNP that )WHNP (S (VP bring (ADVP together )ADVP (NP sizable (ADJP black , Hispanic , and *UNK- white )ADJP *UNK )NP )VP )S )SBAR )NP -- (NP (NP (NP (NP (NP *UNKC *UNKC 's )NP *UNK district )NP (PP in (NP (NP northern Manhattan )NP and (NP the south *UNKC )NP )NP )PP )NP and (NP (NP (NP *UNKC *UNKC 's )NP *UNK district )NP (PP in (NP Brooklyn )NP )PP )NP )NP , (PP for (NP example )NP )PP )NP )NP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (S (VP To (VP win (NP (NP their seats )NP (PP on (NP the council )NP )PP )NP )VP )VP )S , (NP these political leaders )NP (VP have (VP had (S (VP to (VP (VP listen (PP to (NP (NP all the voices )NP (PP in (NP their district )NP )PP )NP )PP )VP and (VP *UNK (NP (NP public policies )NP (SBAR (WHNP that )WHNP (S (VP would (VP benefit (NP all )NP )VP )VP )S )SBAR )NP )VP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP *UNKC )ADVP (NP they )NP (VP have (VP found (SBAR that (S (NP the relevant issue )NP (VP is not (NP (NP race )NP , but (ADVP rather )ADVP (NP (NP housing )NP , (NP crime *UNK )NP or (NP education )NP )NP )NP )VP )S )SBAR )VP )VP . )S  STOP
(NP (NP Birmingham )NP , (NP *UNKC )NP : )NP  STOP
(S (NP (NP The unusual situation )NP (PP in (NP Birmingham )NP )PP )NP (VP (ADVP *UNKLY )ADVP illustrates (NP (NP the *UNK consequences )NP (PP of (S (VP *UNKING (PRT out )PRT (NP safe districts )NP (PP for (NP racial minorities )NP )PP )VP )S )PP )NP )VP . )S  STOP
(S (PP In (NP (NP Birmingham )NP , (SBAR (WHNP which )WHNP (S (VP is (NP (ADJP 57 % )ADJP black )NP )VP )S )SBAR , )NP )PP (NP whites )NP (VP are (NP the minority )NP )VP . )S  STOP
(S (S (VP *UNKING (SBAR that (S (NP they )NP (VP are (VP protected (PP by (NP the *UNKING Rights Act )NP )PP )VP )VP )S )SBAR )VP )S , (NP (NP a group )NP (PP of (NP whites )NP )PP )NP (VP brought (NP a federal suit )NP (PP in (NP 1987 )NP )PP (S (VP to (VP demand (SBAR that (S (NP the city )NP (VP (VP abandon (NP (NP *UNK- voting )NP (PP for (NP the nine member City Council )NP )PP )NP )VP and (VP create (NP (NP nine electoral districts )NP , (PP including (NP four safe white districts )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP The white group )NP (VP argued (SBAR that (S (NP whites )NP (VP were not (VP (ADVP fully and fairly )ADVP represented , (SBAR because (S (PP in (NP *UNK- elections )NP )PP (NP only (NP black candidates )NP or (NP (NP white candidates )NP (SBAR (WHNP who )WHNP (S (VP *UNKED (PP to `` (NP black interests )NP '' )PP )VP )S )SBAR )NP )NP (VP could (VP win )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP No federal court )NP (VP has (VP ruled (SBAR that (S (NP the Voting Rights Act )NP (VP *UNK (NP a white minority )NP )VP )S )SBAR )VP )VP )S , but (S (PP in (NP June )NP )PP (NP the Justice Department )NP (VP approved (NP (NP a *UNKING plan )NP (PP for (NP Birmingham )NP )PP (SBAR (WHNP that )WHNP (S (VP *UNK (PRT out )PRT (NP (NP three *UNK- districts )NP and (NP six *UNK- districts )NP )NP )VP )S )SBAR )NP )VP )S . )S  STOP
(S (NP (NP Richard *UNKC )NP , (NP (NP Birmingham 's )NP black mayor )NP , )NP (VP *UNKED (NP the consequences )NP )VP . )S  STOP
(S `` (S (PP In (NP the past )NP )PP , (NP (NP people )NP (SBAR (WHNP who )WHNP (S (VP had (S (VP to (VP run (PP for (NP office )NP )PP )VP )VP )S )VP )S )SBAR )NP (VP had (S (VP to (VP moderate (NP their views )NP (SBAR because (S (NP they )NP (VP could n't (VP afford (S (VP to (VP *UNK (NP blacks or whites )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP )S )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S `` (ADVP Now )ADVP (S (NP you )NP (VP go (PP to (NP districts )NP )PP )VP )S , (S (NP you )NP (VP 're (ADJP likely (S (VP to (VP get (NP (NP candidates )NP (SBAR (WHNP whose views )WHNP (S (VP are (ADJP more extreme )ADJP (PRN , (NP white and black )NP , )PRN (PP on (NP racial issues )NP )PP )VP )S )SBAR )NP )VP )VP )S )ADJP )VP )S . '' )S  STOP
(S (ADVP (NP (QP Two hundred )QP years )NP ago )ADVP , (NP (NP critics )NP (PP of (NP the new United States Constitution )NP )PP )NP (VP warned (SBAR that (S (NP (NP the electoral districts )NP (PP for (NP Congress )NP )PP )NP (VP (VP were (ADJP too large )ADJP )VP and (VP *UNKED (NP (ADJP too many )ADJP different economic interests )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP A small farmer )NP and (NP a *UNK merchant )NP )NP (VP could not (VP be (VP represented (PP by (NP the same spokesman )NP )PP )VP )VP )VP )S , (NP they )NP (VP said )VP . )S  STOP
(S But (NP James Madison )NP (VP *UNKED (NP that argument )NP (PP in (NP (NP (NP one )NP (PP of (NP the (ADJP most *UNKED )ADJP political *UNK )NP )PP (VP (ADVP ever )ADVP written )VP )NP , (NP (NP No. 10 )NP (PP of (NP the *UNKC *UNKC )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP Madison )NP (VP explained (SBAR that (S (NP (NP a representative 's )NP duty )NP (VP was (S (VP to (VP speak (PP not (PP for (NP (NP the narrow interests )NP (PP of (NP one group )NP )PP )NP )PP but (ADVP instead )ADVP (PP for (NP the common good )NP )PP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC , *UNK election districts )NP (VP would (VP encourage (NP good government )NP (PRN , (SINV (VP said )VP (NP Madison )NP )SINV , )PRN (SBAR because (S (NP a representative )NP (VP would (VP be (VP *UNKED (S (VP to (VP (VP serve (NP (NP the interests )NP (PP of (NP all his constituents )NP )PP )NP )VP and (VP be (ADJP *UNK (PP to (NP none )NP )PP )ADJP )VP )VP )VP )S )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP (NP Madison 's )NP (ADJP *UNK and *UNKING )ADJP vision )NP (PP of (NP the representative )NP )PP )NP (ADVP still )ADVP (VP can (VP guide (NP us )NP )VP )VP . )S  STOP
(S (ADVP (ADVP As long )ADVP (SBAR as (S (NP we )NP (VP believe (SBAR that (S (NP (NP all Americans )NP , (PP of (NP every (NX (NX race )NX and (NX ethnic background )NX )NX )NP )PP , )NP (VP (VP have (NP common interests )NP )VP and (VP can (VP live (ADVP together )ADVP (ADVP *UNKLY )ADVP )VP )VP )VP )S )SBAR )VP )S )SBAR )ADVP , (NP our political *UNK )NP (VP should (VP reflect (NP our belief )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKING )NP (PRN -- (S (VP creating (NP separate black and white districts )NP )VP )S -- )PRN )NP (VP says (SBAR that (S (NP we )NP (VP have (VP *UNKED (NP (NP that belief )NP (PP in (NP our ability (S (VP to (VP (VP live (ADVP together )ADVP )VP and (VP *UNK (NP ourselves )NP (PP as (NP one people )NP )PP )VP )VP )VP )S )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Ms. *UNKC )NP (VP is (NP (NP a constitutional *UNK )NP (PP at (NP (NP the Center )NP (PP for (NP (NP the *UNKC )NP (PP of (NP the *UNKC )NP )PP )NP )PP (PP in (NP New York )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The Justice Department )NP (VP has (VP distributed (NP (NP these new guidelines )NP (PP for (NP (NP U.S. *UNKC )NP (VP *UNKING (NP RICO cases )NP )VP )NP )PP )NP )VP )VP . )S  STOP
(S (NP A related editorial )NP (VP appears (NP today )NP )VP . )S  STOP
(S (PP Under (PRN -LCB- (NP RICO )NP -RCB- )PRN )PP , (NP the government )NP (VP may (VP seek (NP (NP a temporary *UNKING order )NP (PRN -LRB- (NP *UNKC )NP -RRB- )PRN (PP upon (NP (NP the filing )NP (PP of (NP a RICO indictment )NP )PP )NP )PP )NP , (SBAR (PP in (NP order )NP )PP (S (VP to (VP preserve (NP all *UNK assets )NP (SBAR until (S (S (NP the trial )NP (VP is (VP completed )VP )VP )S and (S (NP judgment )NP (VP entered )VP )S )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Such orders )NP (VP can (VP have (NP (NP a *UNKING impact )NP (PP on (NP (NP third parties )NP (SBAR (WHNP who )WHNP (S (VP do (NP business )NP (PP with (NP the defendants )NP )PP )VP )S )SBAR , (PP including (NP clients , *UNK , banks , investors , creditors , *UNK , and others )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Some (ADJP highly *UNKED )ADJP cases )NP (VP involving (NP RICO *UNKC )NP )VP )NP (VP have (VP been (NP (NP the subject )NP (PP of (NP (NP considerable criticism )NP (PP in (NP the press )NP )PP )NP )PP )NP , (PP because of (NP a perception (SBAR that (S (NP (NP *UNK- *UNKING )NP (PP of (NP assets )NP )PP )NP (VP is (ADJP *UNK (PP to (NP (NP a *UNK )NP (PP of (NP property )NP )PP (PP without (NP due process )NP )PP )NP )PP )ADJP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (SBAR (PP In (NP order )NP )PP (S (VP to (VP ensure (SBAR that (S (NP (NP the rights )NP (PP of (NP all interested parties )NP )PP )NP (VP are (VP protected )VP )VP )S )SBAR )VP )VP )S )SBAR , (NP the *UNKC Division )NP (VP has (VP instituted (NP the following requirements )NP (S (VP to (VP control (NP (NP the use )NP (PP of (NP *UNKC )NP )PP (PP in (NP RICO prosecutions )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S -LRB- (NP (NP It )NP )NP (VP should (VP be (VP noted (SBAR that (S (NP these requirements )NP (VP are (PP in (NP (NP addition )NP (PP to (NP (NP any other existing requirements )NP , (PP such as (NP (NP review )NP (PP by (NP the Asset *UNKC Office )NP )PP )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP )VP )VP . -RRB- : )S  STOP
(S (LST 1 . )LST (PP As (NP (NP part )NP (PP of (NP (NP the approval process )NP (PP for (NP RICO prosecutions )NP )PP )NP )PP )NP )PP , (NP the prosecutor )NP (VP must (VP submit (NP any proposed forfeiture *UNKC )NP (PP for (NP (NP review )NP (PP by (NP the *UNKED *UNKC and *UNKING Section )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The prosecutor )NP (VP must (VP show (SBAR that (S (NP (NP *UNK- *UNK )NP (PRN -LRB- (PP such as (NP bonds )NP )PP -RRB- )PRN )NP (VP are not (ADJP likely (S (VP to (VP preserve (NP the assets )NP (PP for (NP forfeiture )NP )PP (PP in (NP (NP the event )NP (PP of (NP a conviction )NP )PP )NP )PP )VP )VP )S )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (LST 2 . )LST (PP In (S (VP seeking (NP (NP approval )NP (PP of (NP a *UNKC )NP )PP )NP )VP )S )PP , (NP the prosecutor )NP (VP must (VP *UNK (NP (NP (NP any anticipated impact )NP (SBAR (WHNP that )WHNP (S (NP (NP forfeiture )NP and (NP the *UNKC )NP )NP (VP would (VP have (PP on (NP *UNK third parties )NP )PP )VP )VP )S )SBAR )NP , (VP *UNKED (PP against (NP (NP the government 's )NP need (S (VP to (VP preserve (NP the assets )NP )VP )VP )S )NP )PP )VP )NP )VP )VP . )S  STOP
(S (LST 3 . )LST (S (PP In (S (VP deciding (SBAR whether (S (NP (NP forfeiture )NP (PRN -LRB- and , (ADVP *UNK )ADVP , (NP a TRO )NP -RRB- )PRN )NP (VP is (ADJP appropriate )ADJP )VP )S )SBAR )VP )S )PP , (NP the Section )NP (VP will (VP consider (NP (NP the nature and *UNK )NP (PP of (NP the *UNK )NP )PP )NP )VP )VP )S ; (S (NP (NP the government 's )NP policy )NP (VP is not (S (VP to (VP seek (NP (NP the *UNK forfeiture )NP (ADJP *UNK (PP under (NP the law )NP )PP )ADJP )NP (SBAR (WHADVP where )WHADVP (S (NP that forfeiture )NP (VP would (VP be (ADJP *UNK (PP to (NP (NP the defendant 's )NP crime )NP )PP )ADJP )VP )VP )S )SBAR )VP )VP )S )VP )S . )S  STOP
(S (LST 4 . )LST (SBAR (WHADVP When )WHADVP (S (NP a RICO TRO )NP (VP is (VP being (VP sought )VP )VP )VP )S )SBAR , (NP the prosecutor )NP (VP is (VP required , (PP at (NP the *UNK appropriate time )NP )PP , (S (VP to (VP state (ADVP publicly )ADVP (SBAR that (S (S (NP (NP (NP the government 's )NP request )NP (PP for (NP (NP a TRO )NP , and (NP eventual forfeiture )NP , )NP )PP )NP (VP is (VP made (PP in (NP (NP full recognition )NP (PP of (NP (NP the rights )NP (PP of (NP third parties )NP )PP )NP )PP )NP )PP )VP )VP )S -- (S (PRN (S (NP that )NP (VP is )VP )S , )PRN (PP in (S (VP *UNKING (NP the TRO )NP )VP )S )PP , (NP the government )NP (VP (VP will not (VP seek (S (VP to (VP *UNK (NP (NP the normal , legitimate business activities )NP (PP of (NP the defendant )NP )PP )NP )VP )VP )S )VP )VP ; (VP will not (VP seek (PP through (NP (NP use )NP (PP of (NP the *UNK- *UNK )NP )PP )NP )PP (S (VP to (VP take (PP from (NP third parties )NP )PP (NP (NP assets )NP (VP (ADVP *UNKLY )ADVP transferred (PP to (NP them )NP )PP )VP )NP )VP )VP )S )VP )VP ; (VP will not (VP seek (S (VP to (VP *UNK (NP (NP legitimate business transactions )NP (VP *UNKING (PP between (NP (NP the defendant )NP and (NP third parties )NP )NP )PP )VP )NP )VP )VP )S )VP )VP ; and (VP will , (PP in (NP all other *UNK )NP )PP , (VP assist (NP the court )NP (PP in (S (VP *UNKING (SBAR that (S (NP (NP the rights )NP (PP of (NP third parties )NP )PP )NP (VP are (VP protected , (PP through (UCP (S (VP proceeding (PP under (PRN -LCB- (NP RICO )NP -RCB- )PRN )PP )VP )S and (ADVP otherwise )ADVP )UCP )PP )VP )VP )S )SBAR )VP )S )PP )VP )VP )VP )S )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (NP The Division )NP (VP expects (SBAR that (S (NP the prosecutor )NP (VP will (VP announce (NP these principles )NP (PP either (PP at (NP (NP the time )NP (SBAR (S (NP the indictment )NP (VP is (VP returned )VP )VP )S )SBAR )NP )PP or (PRN , (PP at (NP the latest )NP )PP , )PRN (PP at (NP (NP (NP the first proceeding )NP (PP before (NP the court )NP )PP )NP (VP concerning (NP the TRO )NP )VP )NP )PP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Sales )NP (PP of (NP (ADJP North *UNKC )ADJP cars and trucks )NP )PP )NP (VP plunged (NP *UNKN % )NP (PP in (NP mid-October )NP )PP (PP from (ADVP (NP a year )NP earlier )ADVP )PP , (SBAR as (S (NP domestic manufacturers )NP (VP paid (NP (NP the price )NP (PP for (NP (NP heavy incentives )NP (NP earlier this year )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP People )NP (VP are (VP waiting (PP for (NP (PRN -LCB- new -RCB- )PRN factory *UNK )NP )PP )VP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP sales manager )NP (PP of (NP (NP Bob *UNKC *UNKC World )NP (PP in (NP (NP *UNKC )NP , (NP Mass. )NP , )NP )PP (SBAR (WHNP whose sales )WHNP (S (VP are (ADJP slow )ADJP )VP )S )SBAR )NP )PP )NP )NP . )SINV  STOP
(S (NP This trend )NP (VP appears (S (VP to (VP be (ADJP especially true )ADJP (PP at (NP (NP General Motors Corp. )NP , (SBAR (WHNP which )WHNP (S (VP used (NP both dealer and consumer incentives )NP (S (VP to (VP *UNK (NP sales )NP (PP in (NP August and September )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP Since (NP then )NP )PP , (NP *UNK )NP (VP have (VP slumped )VP )VP . )S  STOP
(S (NP (NP GM 's )NP car sales )NP (VP dropped (NP *UNKN % )NP (PP in (NP mid-October )NP )PP (PP to (NP *UNKN )NP )PP , (SBAR while (S (NP truck sales )NP (VP fell (NP 26 % )NP (PP to (NP *UNKN )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP GM )NP (ADVP also )ADVP (VP had (NP dismal results )NP (PP in (NP (NP the first 10 days )NP (PP of (NP the month )NP )PP )NP )PP , (SBAR while (S (NP other auto makers )NP (VP reported (NP mixed results )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP All )NP (PP of (NP the Big Three )NP )PP )NP (VP suffered (PP in (NP the *UNKED period )NP )PP , (ADVP however )ADVP , (PP with (S (NP (NP sales )NP (PP of (NP (NP all (ADJP *UNKLY made )ADJP cars )NP , (PP including (NP (NP those )NP (VP built (PP at (NP *UNKED plants )NP )PP )VP )NP )PP , )NP )PP )NP (VP falling (NP 19 % )NP (PP to (NP *UNKN )NP )PP (PP from (ADVP (NP a year )NP earlier )ADVP )PP )VP )S )PP )VP . )S  STOP
(S (NP The seasonal adjusted annual selling rate )NP (VP was (NP (NP (QP six million )QP vehicles )NP , (NP (NP (NP a small improvement )NP (PP from (NP (NP the (QP 5.8 million )QP rate )NP (PP of (NP early October )NP )PP )NP )PP )NP , but (NP (NP a big drop )NP (PP from (NP (NP the (QP 7.1 million )QP rate )NP (ADVP (NP a year )NP ago )ADVP )NP )PP )NP )NP )NP )VP . )S  STOP
(S (NP (NP Sales )NP (PP of (NP (ADJP *UNKLY made )ADJP trucks )NP )PP )NP (ADVP also )ADVP (VP continued (S (VP to (VP be (ADJP sluggish )ADJP (PP in (NP mid-October )NP )PP , (S (VP dropping (NP *UNKN % )NP (PP to (NP *UNKN )NP )PP (PP from (ADVP (NP a year )NP ago )ADVP )PP )VP )S )VP )VP )S )VP . )S  STOP
(S (S (NP The Big Three auto makers )NP (ADVP already )ADVP (VP have (VP slashed (NP fourth-quarter production plans )NP (PP (NP *UNKN % )NP below (NP year-ago levels )NP )PP )VP )VP )S , but (S (NP that )NP (VP may not (VP be (NP enough (S (VP to (VP prevent (NP inventories )NP (PP from (NP ballooning )NP )PP (SBAR if (S (NP sales )NP (VP do n't (VP improve )VP )VP )S )SBAR )VP )VP )S )NP )VP )VP )S . )S  STOP
(S (NP (NP Industry analyst John H. *UNKC )NP , (NP (NP a vice president )NP (PP with (NP (NP Hill & *UNKC )NP (PP in (NP St. Louis )NP )PP )NP )PP )NP , )NP (VP forecasts (SBAR that (S (NP domestic auto makers )NP (VP will (VP have (NP (NP a *UNK- supply )NP (PP of (NP cars )NP )PP )NP (PP at (NP (NP the end )NP (PP of (NP the year )NP )PP )NP )PP , (SBAR (ADVP even )ADVP if (S (NP car sales )NP (VP improve (PP to (NP (NP a (ADJP (QP 6.5 million )QP vehicle )ADJP rate )NP (PP for (NP the quarter )NP )PP )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Ford Motor Co. )NP (VP reported (NP (NP (NP a (ADJP *UNKN % )ADJP drop )NP (PP in (NP (NP sales )NP (PP of (NP *UNK- cars )NP )PP )NP )PP (PP to (NP *UNKN )NP )PP )NP and (NP (NP a (ADJP *UNKN % )ADJP drop )NP (PP in (NP domestic trucks )NP )PP (PP to (NP *UNKN )NP )PP )NP )NP )VP . )S  STOP
(SINV (S (NP The sales )NP (VP are (VP being (VP *UNKED (PRT down )PRT (PP by (NP (NP a *UNK )NP (PP of (NP 1989 vehicles )NP )PP )NP )PP )VP )VP )VP )S , (VP said )VP (NP (NP Joel *UNKC )NP , (NP a Ford analyst )NP )NP . )SINV  STOP
(S (S (NP (NP The earlier use )NP (PP of (NP incentives )NP )PP )NP (VP *UNKED (NP the market )NP (PP of (NP (NP `` *UNK '' )NP (PP for (NP *UNK- 1989 cars )NP )PP )NP )PP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (NP (NP *UNKC & *UNKC Ford )NP (PP in (NP (NP Charlotte )NP , (NP N.C. )NP , )NP )PP )NP (ADVP still )ADVP (VP needs (S (VP to (VP move (NP (QP about *UNKN )QP 1989 cars and trucks )NP )VP )VP )S )VP . )S  STOP
(S (NP Business )NP (VP (VP had (VP been (ADJP fairly strong )ADJP (SBAR until (S (NP Hurricane Hugo )NP (VP hit (NP the area )NP )VP )S )SBAR )VP )VP , but (VP has (VP been (ADVP down )ADVP (ADVP since )ADVP )VP )VP )VP . )S  STOP
(S (NP Chrysler Corp. )NP (ADVP also )ADVP (VP hit (NP the *UNK )NP (PP in (NP mid-October )NP )PP )VP . )S  STOP
(S (NP The No. 3 U.S. auto maker )NP (VP had (NP (NP (NP a (ADJP *UNKN % )ADJP plunge )NP (PP in (NP car sales )NP )PP (PP to (NP *UNKN )NP )PP )NP and (NP (NP a (ADJP *UNKN % )ADJP drop )NP (PP in (NP (NP truck sales )NP )NP )PP (PP to (NP *UNKN )NP )PP , (SBAR (WHNP which )WHNP (S (VP include (NP its *UNK and *UNKC )NP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (NP (NP Honda Motor Co. )NP , (SBAR (WHNP which )WHNP (S (VP continues (S (VP to (VP have (NP (NP short supplies )NP (PP of (NP (ADJP *UNKLY made )ADJP *UNKC )NP )PP )NP )VP )VP )S )VP )S )SBAR , )NP (VP saw (S (NP (NP its sales )NP (PP of (NP (ADJP North *UNKC )ADJP cars )NP )PP )NP (VP fall (NP *UNKN % )NP (PP to (NP *UNKN )NP )PP )VP )S )VP . )S  STOP
(S But (NP (NP sales )NP (PP of (NP domestic cars and trucks )NP )PP (PP at (NP Nissan Motor Corp. )NP )PP )NP (VP rose (NP *UNKN % )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP A Nissan spokesman )NP (VP attributed (NP the increase )NP (PP (PP to (NP (NP the use )NP (PP of (NP incentives )NP )PP (UCP (NP this year )NP and not (ADVP (NP a year )NP ago )ADVP )UCP )NP )PP and (PP to (NP higher fleet sales )NP )PP )PP )VP . )S  STOP
(S (NP (NP Toyota Motor Corp. )NP , (SBAR (WHNP which )WHNP (S (VP opened (NP a plant )NP (PP in (NP (NP *UNKC )NP , (NP Ky. )NP , )NP )PP (NP last year )NP )VP )S )SBAR , )NP (VP saw (S (NP sales )NP (VP *UNK (PP to (NP *UNKN vehicles )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP a )NP - (NP *UNKC )NP )NP (VP include (ADVP only )ADVP (NP (NP vehicle sales )NP (VP reported (PP in (NP the period )NP )PP )VP )NP )VP . )S  STOP
(NP (NP *UNK )NP - (NP *UNKC car )NP )NP  STOP
(NP (NP (NP *UNK )NP - (NP *UNKC change )NP )NP (ADJP (ADJP greater )ADJP (PP than (NP *UNKN % )NP )PP )ADJP . )NP  STOP
(S (NP (NP *UNK )NP - (NP There )NP )NP (VP (VP were (NP 9 selling days )NP (PP in (NP the (ADJP most recent )ADJP period )NP )PP )VP and (VP (NP 9 )NP (ADVP (NP a year )NP earlier )ADVP )VP )VP . )S  STOP
(NP (NP *UNKC differences )NP (PP based (PP on (NP (NP daily sales rate )NP (CONJP rather than )CONJP (NP sales volume )NP )NP )PP )PP . )NP  STOP
(S (NP (NP Short interest )NP (PP in (NP Nasdaq over-the-counter stocks )NP )PP )NP (VP rose (NP 6 % )NP (PP as (PP of (NP mid-October )NP )PP )PP , (NP (NP its biggest jump )NP (PP since (NP (NP 6.3 % )NP (NP last April )NP )NP )PP )NP )VP . )S  STOP
(S (NP The (ADJP most recent )ADJP OTC short interest statistics )NP (VP were (VP compiled (NP (NP Oct. 13 )NP , (NP (NP the day )NP (SBAR (S (S (NP the Nasdaq composite index )NP (VP slid (NP 3 % )NP )VP )S and (S (NP the New York Stock Exchange )NP (VP tumbled (NP 7 % )NP )VP )S )S )SBAR )NP )NP )VP )VP . )S  STOP
(S (NP The *UNK )NP (VP might (VP lead (PP to (NP the conclusion (SBAR that (S (NP *UNK- )NP (VP bet (ADVP heavily )ADVP (PP on (NP that day )NP )PP (SBAR that (S (NP OTC stocks )NP (VP would (VP decline (ADVP further )ADVP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (SBAR As (S (NP it )NP (VP happens )VP )S )SBAR , (NP the Nasdaq composite )NP (VP did (VP continue (S (VP to (VP fall )VP )VP )S (PP for (NP two days )NP )PP (PP after (NP the initial plunge )NP )PP )VP )VP . )S  STOP
(S (ADVP However )ADVP , (NP (NP the short interest figures )NP (VP reported (PP by (NP brokerage and securities clearing firms )NP )PP (PP to (NP (NP the National Association )NP (PP of (NP Securities Dealers )NP )PP )NP )PP )VP )NP (VP include (ADVP only )ADVP (NP (NP (NP those trades )NP (VP completed , or settled , (PP by (NP Oct. 13 )NP )PP )VP , )NP (CONJP rather than )CONJP (NP (NP trades )NP (SBAR (WHNP that )WHNP (S (VP occurred (PP on (NP that day )NP )PP )VP )S )SBAR )NP )NP , (PP according (PP to (NP (NP *UNKC *UNKC )NP , (NP (NP chief economist )NP (PP for (NP the *UNKC )NP )PP )NP )NP )PP )PP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP (NP it )NP )NP (VP takes (NP five business days )NP (S (VP (VP to (VP transfer (NP stock )NP )VP )VP and (VP to (VP take (NP (NP the other steps )NP (ADJP necessary (S (VP to (VP settle (NP a trade )NP )VP )VP )S )ADJP )NP )VP )VP )VP )S )VP . )S  STOP
(S (NP (NP The total short interest )NP (PP in (NP Nasdaq stocks )NP )PP (PP as (PP of (NP mid-October )NP )PP )PP )NP (VP was (NP (NP (QP *UNKN million )QP shares )NP , (UCP (ADVP up (PP from (NP *UNKN million )NP (PP in (NP September )NP )PP )PP )ADVP but (PP (ADVP well )ADVP below (NP (NP the record level )NP (PP of (NP (QP *UNKN million )QP shares )NP )PP (VP established (PP in (NP July 1987 )NP )PP )VP )NP )PP )UCP )NP )VP . )S  STOP
(S (NP (NP The sharp rise )NP (PP in (NP OTC short interest )NP )PP )NP (VP compares (PP with (NP (NP (NP the (ADJP 4.2 % )ADJP decline )NP (PP in (NP short interest )NP )PP (PP on (NP the New York Stock Exchange )NP )PP )NP and (NP (NP the (ADJP 3 % )ADJP rise )NP (PP on (NP the American Stock Exchange )NP )PP (PP during (NP the *UNKC period )NP )PP )NP )NP )PP )VP . )S  STOP
(S (S (ADVP *UNKLY )ADVP , (NP a short seller )NP (VP (VP expects (NP (NP a fall )NP (PP in (NP (NP a stock 's )NP price )NP )PP )NP )VP and (VP aims (S (VP to (VP profit (PP by (S (VP selling (NP (NP borrowed shares )NP (SBAR (WHNP that )WHNP (S (VP are (S (VP to (VP be (VP replaced (ADVP later )ADVP )VP )VP )VP )S )VP )S )SBAR )NP )VP )S )PP )VP )VP )S )VP )VP )S ; (S (NP the short seller )NP (VP hopes (SBAR (S (NP (NP the replacement shares )NP (VP bought (ADVP later )ADVP )VP )NP (VP will (VP cost (NP (NP less )NP (PP than (NP (NP those )NP (SBAR (WHNP that )WHNP (S (VP were (VP sold )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP (NP Short interest )NP , (SBAR (WHNP which )WHNP (S (VP represents (NP (NP the number )NP (PP of (NP (NP shares )NP (VP borrowed and sold , but (ADVP not yet )ADVP replaced , )VP )NP )PP )NP )VP )S )SBAR )NP (VP can (VP be (NP (NP a *UNK- *UNK )NP (PP for (NP many stocks )NP )PP )NP )VP )VP . )S  STOP
(S (PP Among (NP (NP *UNKN )NP (PP of (NP the largest OTC issues )NP )PP )NP )PP , (NP short interest )NP (VP rose (PP to (NP (QP *UNKN million )QP shares )NP )PP , (PP from (NP *UNKN million )NP )PP (PP in (NP *UNKN stocks )NP )PP (PP in (NP September )NP )PP )VP . )S  STOP
(S (NP (NP Big stocks )NP (PP with (NP large short interest gains )NP )PP (PP as (PP of (NP Oct. 13 )NP )PP )PP )NP (VP included (NP (NP First Executive )NP , (NP Intel )NP , (NP Campeau )NP and (NP LIN Broadcasting )NP )NP )VP . )S  STOP
(S (NP (NP Short interest )NP (PP in (NP (NP First Executive )NP , (NP an insurance issue )NP , )NP )PP )NP (VP rose (NP 55 % )NP (PP to (NP 3.8 million )NP )PP )VP . )S  STOP
(S (NP (NP Intel 's )NP short interest )NP (VP jumped (NP 42 % )NP , (SBAR while (S (NP Campeau 's )NP (VP increased (NP 62 % )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Intel )NP (VP makes (NP *UNK )NP )VP )S and (S (NP Campeau )NP (VP (VP operates (NP department-store chains )NP )VP and (VP is (ADJP *UNKED (PP for (NP cash )NP )PP )ADJP )VP )VP )S . )S  STOP
(S (NP *UNKC Savings )NP (ADVP again )ADVP (VP had (NP (NP the *UNK honor )NP (PP of (S (VP being (NP (NP the OTC stock )NP (PP with (NP (NP the biggest short interest position )NP (PP on (NP Nasdaq )NP )PP )NP )PP )NP )VP )S )PP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP has (VP headed (NP the list )NP (PP since (NP May )NP )PP )VP )VP . )S  STOP
(S (NP (NP First Executive )NP and (NP (NP troubled Valley National Corp. )NP (PP of (NP Arizona )NP )PP )NP )NP (VP were (ADJP next (PP in (NP line )NP )PP )ADJP )VP . )S  STOP
(S (NP Short selling )NP (VP is n't (ADVP necessarily )ADVP (ADJP bad )ADJP (PP for (NP the overall market )NP )PP )VP . )S  STOP
(S (NP *UNKED shares )NP (VP must (ADVP eventually )ADVP (VP be (VP replaced (PP through (NP buying )NP )PP )VP )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP (NP changes )NP (PP in (NP short interest )NP )PP (PP in (NP some stocks )NP )PP )NP (VP may (VP be (VP caused (PP by (NP arbitrage )NP )PP )VP )VP )VP . )S  STOP
(S (PP For (NP example )NP )PP , (NP an investor )NP (VP may (VP seek (S (VP to (VP profit (PP during (NP some takeover *UNK )NP )PP (PP by (S (VP (VP buying (NP (NP stock )NP (PP in (NP (NP one company )NP (ADJP involved )ADJP )NP )PP )NP )VP and (VP *UNKING (NP (NP the stock )NP (PP of (NP the other )NP )PP )NP )VP )VP )S )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Two big stocks )NP (ADJP involved (PP in (NP takeover activity )NP )PP )ADJP )NP (VP saw (S (NP their short interest )NP (VP surge )VP )S )VP . )S  STOP
(S (NP (NP Short interest )NP (PP in (NP (NP the American depositary receipts )NP (PP of (NP (NP Jaguar )NP , (NP (NP the target )NP (PP of (NP both (NP Ford Motor )NP and (NP General Motors )NP )NP )PP )NP , )NP )PP )NP )PP )NP (VP (ADVP more than )ADVP doubled )VP . )S  STOP
(S (NP (NP Nasdaq stocks )NP (SBAR (WHNP that )WHNP (S (VP showed (NP (NP a drop )NP (PP in (NP short interest )NP )PP )NP )VP )S )SBAR )NP (VP included (NP (NP *UNKC Systems )NP , (NP (NP Class A shares )NP (PP of (NP Tele-Communications )NP )PP )NP and (NP (NP takeover targets )NP (NP *UNKED and *UNKC )NP )NP )NP )VP . )S  STOP
(S (NP (NP The *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP operates (NP (NP the Nasdaq computer system )NP (SBAR (WHPP on (WHNP which )WHNP )WHPP (S (NP *UNKN OTC issues )NP (VP trade )VP )S )SBAR )NP )VP )S )SBAR , )NP (VP *UNK (NP (NP short interest data )NP (PP in (NP (NP two categories )NP : (NP (NP (NP the (ADJP (ADJP approximately two-thirds )ADJP , and (ADJP generally biggest )ADJP , )ADJP Nasdaq stocks )NP (SBAR (WHNP that )WHNP (S (VP trade (PP on (NP the National Market System )NP )PP )VP )S )SBAR )NP ; and (NP (NP the (ADJP (ADJP one-third )ADJP , and (ADJP generally smaller )ADJP )ADJP , Nasdaq stocks )NP (SBAR (WHNP that )WHNP (S (VP are n't (NP (NP a part )NP (PP of (NP the system )NP )PP )NP )VP )S )SBAR )NP )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Short interest )NP (PP in (NP *UNKN *UNK- securities )NP )PP )NP (VP totaled (NP (QP *UNKN million )QP shares )NP , (PP compared (PP with (NP (NP (QP almost 38 million )QP shares )NP (PP in (NP *UNKN issues )NP )PP (PP in (NP September )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP The October short interest )NP (VP represents (NP (NP *UNKN days )NP (PP of (NP (NP average daily trading volume )NP (PP in (NP (NP the smaller stocks )NP (PP in (NP the system )NP )PP )NP )PP (PP for (NP the reporting period )NP )PP )NP )PP , (PP compared (PP with (NP (NP *UNKN day )NP (ADVP (NP a month )NP ago )ADVP )NP )PP )PP )NP )VP . )S  STOP
(S (PP Among (NP bigger OTC stocks )NP )PP , (NP the figures )NP (VP represent (NP (NP (NP *UNKN days )NP (PP of (NP average daily volume )NP )PP )NP , (PP compared (PP with (NP (NP *UNKN days )NP (PP in (NP September )NP )PP )NP )PP )PP )NP )VP . )S  STOP
(S (NP The *UNK tables )NP (VP show (NP (NP the issues )NP (SBAR (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP (NP a short interest position )NP (PP of (NP (QP at least 50,000 )QP shares )NP )PP )NP (VP *UNKED (PP as (PP of (NP Oct. 13 )NP )PP )PP )VP )S )SBAR or (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP there )NP (VP was (NP (NP a short position change )NP (PP of (NP (QP at least 25,000 )QP shares )NP )PP (PP since (NP Sept. 15 )NP )PP )NP )VP )S )SBAR )SBAR )NP (PRN -LRB- (S (VP see (NP (NP accompanying tables )NP -- (NP *UNKC Oct. 25 , 1989 )NP )NP )VP )S -RRB- )PRN )VP . )S  STOP
(PP From (NP (NP the Sept. *UNK- . 4 issue )NP (PP of (NP The *UNKC )NP )PP )NP : )PP  STOP
(S (SBAR (WHNP What )WHNP (S (VP defeated (NP General *UNKC )NP )VP )S )SBAR (VP was not (ADVP only )ADVP (NP (NP the weight )NP (PP of (NP the *UNKC army )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP The weight )NP (PP of (NP (NP Lebanon 's )NP history )NP )PP )NP (VP was (ADVP also )ADVP (PP against (NP him )NP )PP )VP )S ; and (S (NP it )NP (VP is (NP (NP a history )NP (SBAR (S (NP Israel )NP (VP is (PP in (NP (NP danger )NP (PP of (S (VP *UNKING )VP )S )PP )NP )PP )VP )S )SBAR )NP )VP )S . )S  STOP
(S (PP Like (NP Lebanon )NP )PP , and (ADVP however *UNKLY )ADVP , (NP Israel )NP (VP is (VP regarded (PP by (NP the Arab world )NP )PP (PP as (NP a *UNK *UNK )NP )PP )VP )VP . )S  STOP
(S (NP (NP Its best hope )NP (PP of (NP (NP *UNK )NP (PP by (NP its *UNK )NP )PP )NP )PP )NP (VP lies (PP in (S (VP reaching (NP (NP a settlement )NP (PP with (NP the *UNKC )NP )PP )NP )VP )S )PP )VP . )S  STOP
(S (PP Like (NP Lebanon )NP )PP , (NP Israel )NP (VP is (VP being (VP *UNK (PP by (NP *UNK )NP )PP )VP )VP )VP . )S  STOP
(S (PP In (NP *UNKC Israel )NP )PP (NP (NP (QP more than half )QP the children )NP (PP under (NP six )NP )PP )NP (VP are (NP *UNKC )NP )VP . )S  STOP
(S (PP Within (NP 25 years )NP )PP (NP *UNKC )NP (VP will (ADVP probably )ADVP (VP be (NP the minority )NP )VP )VP . )S  STOP
(S (ADVP Yet )ADVP (NP Israel )NP (VP will (VP neither (VP share (NP power )NP (PP with (NP all these *UNKC )NP )PP )VP nor (PRN , (SINV (VP says )VP (NP its present prime minister )NP )SINV , )PRN (VP *UNK (NP its *UNK )NP (ADVP closer (PP to (NP its *UNK- Jewish *UNK )NP )PP )ADVP )VP )VP )VP . )S  STOP
(S (PP By (S not (VP *UNKING (NP (NP one )NP (PP of (NP these options )NP )PP )NP )VP )S )PP , (NP *UNKC )NP (VP will (VP *UNK (NP themselves )NP (PRN , (SBAR as (S (NP the *UNKC )NP (VP did )VP )S )SBAR , )PRN (PP (PP to (NP (NP *UNK war )NP (PP with (NP (NP the *UNKC )NP (PP in (NP their midst )NP )PP )NP )PP )NP )PP , and so (PP to (NP (NP the internal *UNK )NP (PP of (NP their state )NP )PP )NP )PP )PP )VP )VP . )S  STOP
(S (S (PP Unlike (NP the *UNKC )NP )PP , (NP (NP Israel 's )NP *UNKC )NP (VP will not (VP let (S (NP themselves )NP (VP become (NP (NP the *UNK force )NP (PP in (NP (NP a system )NP (PP of (NP private *UNK )NP )PP )NP )PP )NP )VP )S )VP )VP )S ; (S (NP *UNKC )NP (VP will (VP become (NP *UNKC )NP (SBAR before (S (NP it )NP (VP becomes (NP *UNKC )NP )VP )S )SBAR )VP )VP )S . )S  STOP
(S But (NP that )NP (VP is not (NP (NP much )NP (PP of (NP (NP a *UNK )NP (SBAR (S (VP to (VP draw (PP from (NP (NP the failure )NP (PP of (NP General *UNKC )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP The Nasdaq over-the-counter market )NP (VP (VP did n't (VP (ADVP fully )ADVP recover (PP from (NP a selling *UNK )NP )PP )VP )VP , and (VP closed (ADVP down (NP 1.2 % )NP )ADVP )VP )VP . )S  STOP
(S (NP (NP The effects )NP (PP on (NP the market )NP )PP (PP of (NP (NP the (ADJP mostly computer-driven )ADJP sell-off )NP (PP among (NP *UNKED stocks )NP )PP )NP )PP )NP (VP *UNKED (NP (NP many market makers )NP , (SBAR (WHNP who )WHNP (S (VP (VP watched (S (NP the Nasdaq Composite Index )NP (VP tumble (PP in (NP (NP *UNK )NP (PP with (NP the Dow Jones Industrial Average )NP )PP )NP )PP )VP )S )VP , and (VP (ADVP then )ADVP saw (S (NP it )NP (VP get (VP left (PRT behind )PRT (PP in (NP the subsequent rally )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP After (S (VP *UNKING (NP 1.8 % )NP (PP at (NP (NP one point )NP (PP during (NP the day )NP )PP )NP )PP )VP )S )PP , (NP the composite )NP (VP (VP rebounded (NP a little )NP )VP , but (VP finished (ADVP down (NP *UNKN )NP )ADVP , (PP at (NP *UNKN )NP )PP )VP )VP . )S  STOP
(S (PP In (NP contrast )NP )PP , (NP the industrial average )NP (VP (VP recovered (ADVP almost completely )ADVP (PP from (NP its *UNK )NP )PP )VP and (VP closed (ADVP down (NP 0.1 % )NP )ADVP )VP )VP . )S  STOP
(S (NP The New York Stock Exchange Composite )NP (VP was (ADJP (NP 0.4 % )NP lower )ADJP (PP for (NP the day )NP )PP )VP . )S  STOP
(S (SBAR As (FRAG (ADJP usual )ADJP )FRAG )SBAR , (NP (NP the over-the-counter market 's )NP biggest technology stocks )NP (VP were (VP (ADVP *UNK )ADVP hit )VP )VP . )S  STOP
(S (NP Microsoft )NP , (S (VP battered (PP by (NP (NP profit taking )NP (PP in (NP recent sessions )NP )PP )NP )PP )VP )S , (VP sank (NP (NP as much )NP (PP as (NP 4 )NP )PP )NP )VP ; but (S (NP it )NP (VP finished (PP at (NP (NP (QP 80 7\/8 )QP )NP , (ADVP down (NP (QP 2 1\/4 )QP )NP )ADVP )NP )PP (PP on (NP (NP volume )NP (PP of (NP (QP one million )QP shares )NP )PP )NP )PP )VP )S . )S  STOP
(S (NP (NP MCI Communications )NP , (NP the (ADJP most active )ADJP issue )NP , )NP (VP finished (ADVP down (NP 5\/8 )NP (PP to (NP (QP 42 1\/8 )QP )NP )PP )ADVP )VP . )S  STOP
(S (NP MCI )NP (VP traded (ADVP (ADVP as low )ADVP (PP as (NP (QP 41 3\/8 )QP )NP )PP )ADVP (PP during (NP the session )NP )PP )VP . )S  STOP
(S (NP Other active stocks )NP (VP included (NP (NP Jaguar )NP , (SBAR (WHNP whose American depositary receipts )WHNP (S (VP added (NP 1\/8 )NP (PP to (NP (QP 11 1\/4 )QP )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP Apple Computer )NP (VP improved (NP 7\/8 )NP (PP to (NP 47 5\/8 )NP )PP )VP )S ; (S (NP Intel )NP (VP slipped (NP 1\/4 )NP (PP to (NP (QP 33 1\/4 )QP )NP )PP )VP )S , and (S (NP Valley National Corp. )NP (VP was (ADVP up (NP 1\/8 )NP (PP to (NP (QP 15 1\/8 )QP )NP )PP )ADVP )VP )S . )S  STOP
(SINV `` (S (NP The market )NP (VP started (PP with (NP (NP several strikes )NP (PP against (NP it )NP )PP )NP )PP )VP )S , '' (VP said )VP (NP (NP Peter *UNKC )NP , (NP (NP head )NP (PP of (NP retail equity trading )NP )PP (PP at (NP Shearson Lehman Hutton )NP )PP )NP )NP , (S (VP referring (PP to (NP (NP news (SBAR that (S (NP (NP the labor-management buy-out )NP (PP of (NP UAL Corp. )NP )PP )NP (VP continued (S (VP to (VP *UNK )VP )VP )S )VP )S )SBAR )NP , and (NP reports (SBAR that (S (NP the junk-bond market )NP (VP is (VP *UNKING )VP )VP )S )SBAR )NP )NP )PP )VP )S . )SINV  STOP
(S (S But (NP (NP the computer-guided selling )NP (PP in (NP (NP response )NP (PP to (NP those developments )NP )PP )NP )PP )NP (VP *UNK (NP a serious blow )NP (PP to (NP the over-the-counter market )NP )PP )VP )S , (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (SBAR (ADVP Even )ADVP though (S (NP the over-the-counter market )NP (ADVP usually )ADVP (VP does n't (VP fall (PP by (NP (NP as much )NP (PP as (NP listed stocks )NP )PP )NP )PP (PP during (NP *UNKING *UNK )NP )PP )VP )VP )S )SBAR (PRN , (S (NP he )NP (VP said )VP )S , )PRN `` (SBAR (WHADVP when )WHADVP (S (NP the market )NP (VP does (VP recover )VP )VP )S )SBAR , (S (NP the damage )NP (VP is (VP done )VP )VP )S and (S (NP it )NP (VP leaves (S (NP Nasdaq )NP (ADVP down (ADVP (ADVP more )ADVP (PP than (NP the Big Board )NP )PP )ADVP )ADVP )S )VP )S . '' )S  STOP
(S (NP Mr. *UNKC )NP (ADVP also )ADVP (VP complained (SBAR that (S (NP (NP the sharp swings )NP (PP in (NP stock prices )NP )PP )NP (ADVP lately )ADVP (VP is (VP *UNKING (ADVP away )ADVP (NP (UCP retail and foreign )UCP investors )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (SBAR While (S (NP Shearson )NP (VP does n't (VP do (NP computer-guided program trading )NP (PP for (NP its own account )NP )PP )VP )VP )S )SBAR , (NP the firm )NP (VP does (VP execute (NP orders )NP (PP for (NP (NP clients )NP (VP involved (PP in (NP (NP the buying and selling )NP (PP of (NP (NP shares )NP (VP tied (PP to (NP (NP movements )NP (PP in (NP certain stock indexes )NP )PP )NP )PP )VP )NP )PP )NP )PP )VP )NP )PP )VP )VP )S , (NP Mr. *UNKC )NP (VP acknowledged )VP . )S  STOP
(S (NP (NP The volatility )NP (ADJP *UNK (PP in (NP program trading )NP )PP )ADJP )NP (VP troubled (NP other traders )NP , (ADVP too )ADVP )VP . )S  STOP
(S (NP They )NP (VP do n't (VP like (NP (NP the risks )NP (SBAR (S (NP they )NP (VP are (VP forced (S (VP to (VP assume )VP )VP )S (SBAR (WHADVP when )WHADVP (S (NP prices )NP (VP *UNKING (ADVP so *UNKLY )ADVP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP Market makers )NP (VP are (VP supposed (S (VP to (VP keep (S (NP (NP supplies )NP (PP of (NP stocks )NP )PP )NP (PP on (NP hand )NP )PP )S (S (VP to (VP maintain (NP *UNKLY trading )NP (SBAR (WHADVP when )WHADVP (S (NP *UNK )NP (VP occur )VP )S )SBAR )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (NP That )NP (VP means (SBAR that (S (PP on (NP (NP days )NP (SBAR (WHADVP when )WHADVP (S (S (NP prices )NP (VP are (VP *UNKING )VP )VP )S and (S (NP sellers )NP (VP *UNK )VP )S )S )SBAR )NP )PP (NP they )NP (VP must (VP be (ADJP willing (S (VP to (VP buy (NP shares )NP (PP from (NP sellers )NP )PP (SBAR (WHADVP when )WHADVP (S (NP (NP no one )NP (ADJP else )ADJP )NP (VP will )VP )S )SBAR )VP )VP )S )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP such an environment )NP )PP , (NP a market maker )NP (VP can (VP absorb (NP huge losses )NP )VP )VP . )S  STOP
(S But (NP (NP (NP the recent volatility )NP (PP in (NP stock prices )NP )PP )NP (VP caused (PP by (NP the program trading )NP )PP )VP )NP (VP has (VP made (S (NP some market makers )NP (ADJP less willing (S (VP to (VP *UNK (PRT up )PRT (NP (NP the stocks )NP (SBAR (WHNP that )WHNP (S (VP are (PP for (NP sale )NP )PP )VP )S )SBAR )NP )VP )VP )S )ADJP )S )VP )VP . )S  STOP
(S (NP The market makers )NP (VP say (SBAR (S (NP they )NP (VP are n't (ADJP comfortable )ADJP (S (VP carrying (NP (NP big positions )NP (PP in (NP stocks )NP )PP )NP )VP )S (SBAR because (S (NP they )NP (VP realize (SBAR (S (NP prices )NP (VP can (VP tumble (ADVP quickly )ADVP )VP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP The situation )NP (VP makes (S (NP (NP it )NP )NP (ADJP harder )ADJP (S (VP to (VP buy and sell (NP shares )NP (ADVP quickly )ADVP )VP )VP )S )S , (S (VP *UNKING (NP (NP the rise and fall )NP (PP in (NP stock prices )NP )PP (PP during (NP *UNKED trading )NP )PP )NP )VP )S )VP . )S  STOP
(SINV (VP *UNKED )VP (NP (NP Robert *UNKC )NP , (NP (NP head )NP (PP of (NP (NP over-the-counter trading )NP (PP at (NP Donaldson , Lufkin & Jenrette )NP )PP )NP )PP )NP )NP : `` (S (NP It 's )NP (VP making (S (NP (NP it )NP )NP (ADJP tough )ADJP (SBAR for (S (NP traders )NP (VP to (VP make (NP money )NP )VP )VP )S )SBAR )S )VP )S . '' )SINV  STOP
(S (NP He )NP (VP said (SBAR that (S (SBAR (WHADVP when )WHADVP (S (NP sell programs )NP (VP *UNK (PRT in )PRT )VP )S )SBAR , (NP many traders )NP (VP believe (SBAR that `` (S (NP there )NP (VP 's (NP no sense )NP (PP in (S (VP *UNKING (NP your *UNK )NP (PRT out )PRT )VP )S )PP (SBAR because (S (NP you )NP (VP 're (NP an instant *UNK )NP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (NP *UNKC *UNKING *UNKC )NP (VP added (NP 1\/4 )NP (PP to (NP 4 7\/8 )NP )PP (PP on (NP *UNKN shares )NP )PP )VP . )S  STOP
(S (NP *UNKC Group )NP (VP said (SBAR (S (NP it )NP (VP will (VP make (NP (NP a (ADJP $ *UNK- )ADJP offer )NP (PP for (NP the remaining *UNKC *UNKING Center common stock )NP )PP )NP (SBAR if (S (NP it )NP (VP *UNK (NP (NP a majority )NP (PP of (NP (NP the company 's )NP shares )NP )PP )NP (PP in (NP (NP a pending rights offering )NP (PP by (NP (NP (NP *UNKC *UNKING Center 's )NP parent )NP , (NP *UNKC Inc )NP )NP )PP )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP *UNKC Inc. )NP )PP )NP (VP closed (PP at (NP (NP (QP 3 1\/2 )QP )NP )NP )PP , (ADVP (ADVP also )ADVP up (NP 1\/4 )NP )ADVP , (PP on (NP (NP volume )NP (PP of (NP *UNKN )NP )PP )NP )PP )VP . )S  STOP
(S (NP Ohio Casualty )NP (VP dropped (NP 2 1\/8 )NP (PP to (NP 49 1\/2 )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP posted (NP (NP third-quarter earnings )NP (PP of (NP (NP (NP 95 cents )NP (NP a share )NP )NP , (ADVP down (PP from (NP $ *UNKN )NP (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )NP )PP )NP )VP . )S  STOP
(S (NP The company )NP (VP estimated (SBAR that (S (NP (NP losses )NP (PP from (NP Hurricane Hugo )NP )PP )NP (VP reduced (NP net income )NP (PP by (NP (NP 32 cents )NP (NP a share )NP )NP )PP (PP in (NP the (ADJP most recent )ADJP quarter )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (SBAR (S (NP (NP losses )NP (PP from (NP (NP the Oct. 17 earthquake )NP (PP in (NP California )NP )PP )NP )PP )NP (VP have n't (ADVP yet )ADVP (VP been (VP determined )VP )VP )VP )S )SBAR , but (SBAR that (S (NP it )NP (VP provides (NP earthquake coverage )NP (PP to (NP (NP (QP about *UNKN )QP properties )NP (PP in (NP the *UNK area )NP )PP )NP )PP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (S (NP Any *UNKED losses )NP (VP will (VP be (VP reported (PP in (NP the fourth quarter )NP )PP )VP )VP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP North Atlantic Industries )NP (VP jumped (NP 1 )NP (PP to (NP (QP 5 3\/4 )QP )NP )PP )VP . )S  STOP
(S (NP The *UNK- maker )NP (VP is (S (VP to (VP be (VP acquired (PP by (NP Asset Management Associates )NP )PP (PP for (NP (NP $ 7.25 )NP (NP a share )NP )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP LIN Broadcasting )NP (VP slid (NP (QP 1 3\/8 )QP )NP (PP to (NP (QP *UNKN 3\/4 )QP )NP )PP , (PP despite (S (VP reporting (NP (NP third-quarter net )NP (PP of (NP (NP (NP 46 cents )NP (NP a share )NP )NP , (ADVP up (PP from (NP 39 cents )NP (NP the previous year )NP )PP )ADVP )NP )PP )NP )VP )S )PP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP the latest quarter )NP (VP included (NP (NP (QP about $ 3.4 million )QP )NP (PP in (NP (NP special (ADJP legal and financial )ADJP advisory costs )NP (VP related (PP to (NP (NP (NP (NP McCaw Cellular Communications ' )NP bid )NP (PP for (NP the company )NP )PP )NP and (NP (NP (NP LIN 's )NP merger pact )NP (PP with (NP BellSouth )NP )PP )NP )NP )PP )VP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP McCaw )NP (VP was (ADJP unchanged )ADJP (PP at (NP 40 )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP slid (NP (QP 2 1\/4 )QP )NP (PP to (NP (QP 16 1\/2 )QP )NP )PP (PP amid (NP (NP continuing concerns )NP (PP about (NP (NP (NP the company 's )NP contract negotiations )NP (PP with (NP International Business Machines )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP IBM )NP (VP is (VP reviewing (NP its entire *UNK- program )NP )VP )VP )S , and (S (NP *UNKC )NP (VP confirmed (NP earlier this month )NP (SBAR that (S (NP it )NP (VP was (PP in (NP (NP talks )NP (PP with (NP the company )NP )PP (PP about (NP (NP possible *UNK )NP (PP to (NP its current *UNKC contract )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP )S . )S  STOP
(S (NP *UNKC )NP (VP (VP make (NP (NP *UNK )NP (PP to (NP (NP IBM 's )NP computer hardware )NP )PP )NP )VP and (VP *UNK (NP the products )NP )VP )VP . )S  STOP
(S (NP *UNKC Capital Group )NP (VP surged (NP (QP 1 3\/4 )QP )NP (PP to (NP (QP 16 1\/4 )QP )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP net )NP (VP rose (PP to (NP (NP 38 cents )NP (NP a share )NP )NP )PP (PP in (NP (NP its *UNK- quarter )NP (VP ended (NP Sept. 30 )NP )VP )NP )PP , (PP from (NP (NP 35 cents )NP (NP a shares )NP )NP (ADVP (NP a year )NP ago )ADVP )PP )VP )S )SBAR )VP . )S  STOP
(S (ADVP *UNKLY )ADVP (NP the (ADJP most *UNK- )ADJP Soviet violation )NP , (PP for (NP example )NP )PP , (VP is (NP the *UNKC radar )NP )VP . )S  STOP
(NP -- `` (NP *UNKC Control *UNKC )NP , '' (NP Nov. 20 , 1984 )NP , (NP (NP the first )NP (PP of (NP (NP (QP some 20 )QP Journal *UNK )NP (VP saying (SBAR that (S (NP *UNKC )NP (VP violated (NP the *UNKC treaty )NP )VP )S )SBAR )VP )NP )PP )NP . )NP  STOP
(S -- `` (S (SBAR *UNKC (S (NP the *UNK )NP (VP is (PP for (NP (NP early warning )NP or (NP space track )NP )NP )PP )VP )S )SBAR , (NP it )NP (ADVP clearly )ADVP (VP is not (VP *UNKED )VP )VP )S , '' (NP the lawmakers )NP (VP said )VP . )S  STOP
(S `` (ADVP Thus )ADVP (NP we )NP (VP judge (S (NP it )NP (VP to (VP be (NP (NP not a violation )NP (PP of (NP the ABM treaty )NP )PP )NP )VP )VP )S (PP at (NP this time )NP )PP )VP . '' )S  STOP
(S (NP The delegation )NP (VP included (NP (NP (NP a reporter )NP (PP from (NP the New York Times )NP )PP )NP , (NP (NP aides )NP (PP to (NP (NP Sen. Edward M. Kennedy )NP and (NP Rep. *UNKC *UNKC )NP )NP )PP )NP , and (NP Natural Resources Defense Council staff members )NP )NP )VP . )S  STOP
(NP -- (NP The Washington *UNKC )NP , (NP Sept. 9 , 1987 )NP . )NP  STOP
(S -- (NP The U.S.S.R. )NP (VP has (VP taken (NP (NP unprecedented *UNK measures )NP (PP of (NP *UNK )NP )PP )NP , (PP by (S (VP giving (NP American representatives )NP (NP a possibility (S (VP to (VP *UNK (NP (NP (NP the building site )NP (PP of (NP the *UNKC radar )NP )PP )NP as well as (NP (NP radar vans )NP (PP in (NP (NP the areas )NP (PP of (NP *UNKC and Moscow )NP )PP )NP )PP )NP )NP )VP )VP )S )NP , (SBAR so as (S (VP to (VP see (PP for (NP themselves )NP )PP (SBAR that (S (NP there )NP (VP are (NP (NP no violations )NP (PP of (NP (NP the ABM treaty )NP (PP of (NP 1972 )NP )PP )NP )PP (PP on (NP (NP the part )NP (PP of (NP the Soviet Union )NP )PP )NP )PP )NP )VP )S )SBAR )VP )VP )S )SBAR )VP )S )PP )VP )VP . )S  STOP
(NP -- (NP (NP *UNKC )NP (PP from (NP *UNKC Shevardnadze )NP )PP (PP to (NP U.N. *UNKC *UNKC de *UNKC )NP )PP )NP , (VP reported (PP in (NP (NP *UNKC )NP , (NP June 10 , 1988 )NP )NP )PP )VP . )NP  STOP
(S -- (NP (NP The construction )NP (PP of (NP (NP this station )NP (ADJP equal (PP in (NP size )NP )PP (PP to (NP the *UNKC *UNK )NP )PP )ADJP )NP )PP )NP (VP *UNKED (PRN , (S (NP I )NP (VP say (NP (NP it )NP )NP (ADVP directly )ADVP )VP )S , )PRN (NP (NP a clear violation )NP (PP of (NP ABM )NP )PP )NP )VP . )S  STOP
(NP -- (NP *UNKC Shevardnadze )NP , (NP Oct. 23 , 1989 )NP . )NP  STOP
(S (NP We )NP (VP 're (ADJP happy (PRN , (S (NP we )NP (VP guess )VP )S , )PRN (S (VP to (VP receive (NP (NP confirmation )NP (PP of (NP the Krasnoyarsk violation )NP )PP )NP (PP from (NP the Soviets )NP )PP , (SBAR (NP five years )NP after (S (NP we )NP (VP started (VP writing (PP about (NP it )NP )PP )VP )VP )S )SBAR )VP )VP )S )ADJP )VP . )S  STOP
(S (ADVP Perhaps )ADVP (NP even the American *UNK )NP (VP will (ADVP now )ADVP (VP *UNK )VP )VP . )S  STOP
(S (PP Without (NP question )NP )PP , (NP something *UNKING )NP (VP is (VP going (PRT on )PRT (PP in (NP (NP the policy *UNK )NP (PP of (NP the Politburo )NP )PP )NP )PP )VP )VP . )S  STOP
(S (SBAR As (S (NP it )NP (VP bids (PP for (NP (NP new agreements )NP , (NP new loans )NP and indeed (NP (NP admission )NP (PP to (NP the *UNKED world )NP )PP )NP )NP )PP )VP )S )SBAR , (NP the Soviet government )NP (VP has (VP recognized (SBAR (S (NP it )NP (VP has (NP a credibility problem )NP )VP )S )SBAR )VP )VP . )S  STOP
(S So (PP after (NP 70 years )NP )PP , (NP it )NP (VP is (VP *UNKING (NP the obvious )NP , (S (VP hoping (S (VP to (VP be (VP believed (PP about (NP other things )NP )PP )VP )VP )VP )S )VP )S )VP )VP . )S  STOP
(S (NP It )NP (VP 's not (NP enough )NP )VP . )S  STOP
(S (SBAR If (S (NP the Soviets )NP (VP want (S (VP to (VP be (VP believed )VP )VP )VP )S )VP )S )SBAR , (NP they )NP (VP need (S (VP to (VP start (S (VP telling (NP the truth )NP (PP about (NP (NP more )NP (PP than (NP the totally obvious )NP )PP )NP )PP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP (NP Our own test )NP (PP of (NP `` (NP glasnost 's )NP '' *UNK )NP )PP )NP (VP would (VP be (NP a Soviet decision (S (VP to (VP open (NP itself )NP (PP to (NP (NP a complete international examination )NP (PP of (NP (NP (NP one )NP (PP of (NP (NP the most troubling *UNK )NP (PP in (NP *UNKC relations )NP )PP )NP )PP )NP -- (NP (NP the reported 1979 *UNK *UNK )NP (PP at (NP (NP a Soviet military facility )NP (PP in (NP *UNKC )NP )PP )NP )PP )NP )NP )PP )NP )PP )VP )VP )S )NP )VP )VP . )S  STOP
(S (NP The U.S. government )NP (VP has (ADVP never )ADVP (VP *UNKED (PP in (NP (NP its assessment )NP (PP of (NP this incident )NP )PP (PP as (NP (NP (NP an accident )NP (PP at (NP (NP a *UNK weapons facility )NP (ADVP there )ADVP )NP )PP )NP , and *UNK (NP (NP a violation )NP (PP of (NP the 1972 *UNKC *UNKC *UNKC )NP )PP )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The Pentagon 's )NP (ADJP recently issued )ADJP `` (NX Soviet *UNKC Power )NX )NP , '' (SBAR though (S (PP in (NP general )NP )PP (VP *UNKING (NP a softer line )NP )VP )S )SBAR , (VP repeated (NP the *UNKC assessment )NP )VP . )S  STOP
(S (S (NP It )NP (ADVP also )ADVP (VP was (VP detailed (PP in (NP Congressional testimony )NP )PP (NP this past February )NP )VP )VP )S : (S (NP (NP An explosion )NP (PP at (NP (NP the *UNKC and *UNKC Institute )NP (PP in (NP *UNKC )NP )PP )NP )PP )NP (VP released (NP (NP *UNK *UNK )NP (SBAR (WHNP that )WHNP (S (VP caused (NP (NP a significant number )NP (PP of (NP deaths )NP )PP )NP )VP )S )SBAR )NP )VP )S . )S  STOP
(S (SBAR Since (S (NP Mr. Shevardnadze )NP (VP did not (VP address (NP this topic )NP (PP before (NP the Supreme Soviet )NP )PP )VP )VP )S )SBAR , (NP (NP the Soviet Union 's )NP official position )NP (VP remains (SBAR that (S (NP the *UNK deaths )NP (VP were (VP caused (PP by (NP *UNKED meat )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP We )NP (VP doubt (NP this claim )NP (SBAR (ADVP just )ADVP as (S (NP we )NP (VP *UNKED (NP (NP (NP Mr. Shevardnadze 's )NP assurance )NP (NP last year )NP (SBAR that (S (NP Krasnoyarsk )NP (VP did n't (VP violate (NP the ABM treaty )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S And (SBAR (ADVP just )ADVP as (S (NP we )NP (VP did not (VP believe (NP (NP the *UNK claims )NP (PP of (NP (NP the (NX (NX *UNKC )NX and (NX arms-control advocates )NX )NX )NP (SBAR (WHNP who )WHNP (S (VP visited (NP Krasnoyarsk )NP )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR , (NP we )NP (VP are (PP in (NP no way )NP )PP (VP persuaded (PP by (NP (NP the *UNK )NP (PP to (NP the *UNK- theory )NP )PP (PP by (NP (NP a U.S. team )NP (PP of (NP (NP scientists )NP (SBAR (WHNP who )WHNP (S (VP met (PP with (NP Soviet counterparts )NP )PP (PP in (NP Washington )NP )PP (NP last year )NP )VP )S )SBAR )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The Soviets ' )NP explanation )NP (VP is (SBAR that (S (NP the *UNK )NP (VP came (PP from (NP (NP one lot )NP (PP of (NP (NP animal feed )NP (VP made (PP from (NP (NP the *UNK )NP (PP of (NP (NP cattle )NP (SBAR (WHNP that )WHNP (S (VP *UNKED (PP on (NP (NP soil )NP (SBAR (WHNP that )WHNP (S (VP was (VP (ADVP naturally )ADVP infected (PP with (NP *UNK *UNK )NP )PP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP Harvard 's )NP *UNKC *UNKC )NP -- (SBAR (WHNP who )WHNP (S (NP we )NP (VP read (SBAR (S (VP has (VP sold (NP (NP something )NP (VP called (S (NP the `` scientific community '' )NP )S )VP )NP (PP on (NP the notion (SBAR that (S (NP (NP `` *UNK rain '' attacks )NP (PP on (NP the *UNKC *UNKC )NP )PP )NP (VP were (PP in (NP fact )NP )PP (NP (NP the result )NP (PP of (NP (NP *UNK *UNK )NP (PP by (NP giant *UNK )NP )PP )NP )PP )NP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP )S )SBAR -- )NP (VP found (S (NP the Soviet *UNK scenario )NP `` (ADJP completely *UNK )ADJP )S )VP . '' )S  STOP
(S (NP We )NP (VP do n't (VP believe (NP it )NP )VP )VP . )S  STOP
(S And (NP we )NP (ADVP certainly )ADVP (VP do not (VP believe (SBAR that (S (NP (NP Mr. Gorbachev )NP or (NP (NP any )NP (PP of (NP his *UNK )NP )PP )NP )NP (ADVP yet )ADVP (VP *UNK (S (VP to (VP have (S (NP the West )NP (VP take (NP their word )NP (PP for (NP it )NP )PP )VP )S )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (NP (NP a large gray *UNK )NP (PP (PP over (NP glasnost )NP )PP and indeed (PP over (NP (NP the *UNK )NP (PP of (NP (NP the arms-control process )NP (NP itself )NP )NP )PP )NP )PP )PP )NP )VP . )S  STOP
(S (NP (NP The U.S. government 's )NP *UNKC complaint )NP , (PP as (PP with (NP Krasnoyarsk )NP )PP )PP , (VP is (NP no mere political *UNKING )NP )VP . )S  STOP
(S (NP *UNKC weapons violations )NP (VP (VP have (VP figured (NP little )NP (PP in (NP political debate )NP )PP )VP )VP , and indeed (VP have not (VP been (VP *UNKED (ADVP *UNKLY enough )ADVP (PP by (NP the U.S. government )NP )PP )VP )VP )VP )VP . )S  STOP
(S (S But (NP the stated U.S. position )NP (VP is (ADJP detailed and specific )ADJP )VP )S , and (S (NP (NP the prospect )NP (PP of (NP *UNK *UNK )NP )PP )NP (VP is (ADJP *UNKLY *UNKING )ADJP )VP )S . )S  STOP
(S (NP The Soviets )NP (VP should (VP be (ADJP willing (S (VP to (VP set (PP in (NP motion )NP )PP (NP (NP a process )NP (SBAR (SBAR (WHNP that )WHNP (S (VP would (VP allow (S (NP them )NP (VP to (VP *UNK (SBAR that (S (NP Sverdlovsk )NP (VP violated (NP the 1972 agreement )NP )VP )S )SBAR )VP )VP )S )VP )VP )S )SBAR or , (ADVP *UNKLY )ADVP , (SBAR (WHNP that )WHNP (S (VP would (VP give (NP U.S. specialists )NP (NP reasonable confidence (SBAR that (S (NP this )NP (VP was (NP a (ADJP *UNKLY *UNK )ADJP accident )NP )VP )S )SBAR )NP )VP )VP )S )SBAR )SBAR )NP )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (PP Until (S (NP that )NP (VP happens )VP )S )PP , (NP glasnost )NP (VP can not (VP begin (S (VP to (VP *UNK (NP (NP (NP the kind )NP (PP of (NP credibility )NP )PP )NP (SBAR (S (NP Mr. Shevardnadze )NP (VP was (VP bidding (PP for )PP (PP with (NP (NP his *UNK )NP (PP on (NP Monday )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Manville Corp. )NP (VP said (SBAR (S (NP it )NP (VP offered (S (VP to (VP buy (NP (NP (QP $ 500 million )QP )NP (PP of (NP its convertible preferred stock )NP )PP )NP (PP from (NP the Manville Personal *UNKC *UNKC Trust )NP )PP )VP )VP )S (PP in (NP (NP a move )NP (SBAR (WHNP that )WHNP (S (VP would (VP (VP improve (NP (NP the trust 's )NP liquidity )NP )VP and (VP reduce (NP (NP the potential number )NP (PP of (NP (NP Manville shares )NP (ADJP outstanding )ADJP )NP )PP )NP )VP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Manville )NP (VP said (SBAR (S (NP it )NP (VP made (NP the offer )NP (PP within (NP the past several weeks )NP )PP (PP as (NP (NP part )NP (PP of (NP an effort (S (VP to (VP improve (NP shareholder value )NP )VP )VP )S )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP said (SBAR (S (NP it )NP (VP would (VP purchase (NP the stock )NP (PP at (NP market price )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Manville )NP and (NP (NP a spokeswoman )NP (PP for (NP the trust )NP )PP )NP )NP (VP said (SBAR that (S (S (NP the two )NP (VP are (VP discussing (NP the proposal )NP )VP )VP )S but (S (NP a decision )NP (VP has n't (VP been (VP made )VP )VP )VP )S )S )SBAR )VP . )S  STOP
(S `` (S (NP We )NP (VP are (VP considering (NP (NP that offer )NP (PP along (PP with (NP all other alternatives )NP )PP )PP )NP )VP )VP )S , '' (NP the trust spokeswoman )NP (VP said )VP . )S  STOP
(S `` (NP We )NP (VP need (S (VP to (VP look (PP at (SBAR (WHADVP how )WHADVP (S (VP to (VP maximize (NP our cash flow )NP (S (VP to (VP pay (NP our beneficiaries )NP )VP )VP )S )VP )VP )S )SBAR )PP )VP )VP )S )VP . '' )S  STOP
(S (NP The trust )NP , (S (VP created (PP as (NP (NP part )NP (PP of (NP (NP Manville 's )NP bankruptcy-law reorganization )NP )PP )NP )PP (S (VP to (VP compensate (NP (NP victims )NP (PP of (NP *UNKED diseases )NP )PP )NP )VP )VP )S )VP )S , (VP owns (NP (NP 7.2 million )NP (PP of (NP (NP the Series A convertible preferred shares )NP , (SBAR (WHNP which )WHNP (S (VP are each (ADJP convertible (PP into (NP 10 Manville common shares )NP )PP )ADJP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP The trust )NP (ADVP also )ADVP (VP owns (NP (NP half )NP (PP of (NP (NP (NP Manville 's )NP (QP 48 million )QP common shares )NP (ADJP outstanding )ADJP )NP )PP )NP )VP . )S  STOP
(S (PP *UNKED (PP on (NP (NP (NP Manville 's )NP closing price )NP (NP yesterday )NP (PP of (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP )NP )PP )PP , (NP (NP Manville 's )NP offer )NP (VP would (VP purchase (NP (NP (NP (QP about 5.4 million )QP )NP (PP of (NP its preferred shares )NP )PP )NP , or (NP (NP (QP about 75 )QP % )NP (PP of (NP (NP the trust 's )NP preferred stock holding )NP )PP )NP )NP )VP )VP . )S  STOP
(S (PP In (NP (NP addition )NP (PP to (NP (NP the stock )NP and (NP (NP 20 % )NP (PP of (NP (NP (NP Manville 's )NP profits )NP (PP beginning (PP in (NP 1992 )NP )PP )PP )NP )PP )NP )NP )PP )NP )PP , (NP the trust )NP (VP is (VP supposed (S (VP to (VP receive (NP (QP $ 2.5 billion )QP )NP (PP over (NP its *UNK- life )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S But (NP it )NP (ADVP initially )ADVP (VP (VP was (VP funded (PP with (NP (QP about $ *UNKN million )QP )NP )PP )VP )VP and (VP may (ADVP soon )ADVP (VP face (NP a cash crunch )NP )VP )VP )VP . )S  STOP
(S (PP As (PP of (NP June 30 )NP )PP )PP , (S (NP it )NP (VP had (VP settled (NP (NP (QP about 15,000 of *UNKN )QP claims )NP (VP filed )VP )NP )VP )VP )S and (S (NP its *UNK claims )NP (VP totaled (NP (NP (QP $ *UNKN million )QP )NP , (NP (NP a large portion )NP (PP of (NP (NP its (QP $ *UNKN million )QP )NP (PP in (NP (NP cash )NP and (NP *UNK securities )NP )NP )PP )NP )PP )NP )NP )VP )S . )S  STOP
(S (SBAR Since (S (NP (NP most )NP (PP of (NP its assets )NP )PP )NP (VP are (VP tied (PP to (NP (NP Manville )NP , (NP a forest and building products concern )NP )NP )PP )VP )VP )S )SBAR , (NP the trust )NP (VP might (ADVP also )ADVP (VP want (S (VP to (VP *UNK (NP its holdings )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP As (NP (NP part )NP (PP of (NP its offer )NP )PP )NP )PP , (NP Manville )NP (VP said (SBAR (S (NP it )NP (VP requested (NP (NP changes )NP (PP in (NP (NP some *UNK )NP (PP between (NP (NP it )NP and (NP the trust )NP )NP )PP )NP )PP )NP (S (VP to (VP allow (S (NP Manville )NP (VP to `` (VP reflect (NP a (ADJP more typical )ADJP corporate ownership and financial structure )NP )VP )VP )S )VP )VP )S )VP )S )SBAR )VP . '' )S  STOP
(S (NP A Manville spokesman )NP (VP would n't (VP elaborate (PP on (NP the proposed changes )NP )PP )VP )VP . )S  STOP
(S But (NP he )NP (VP said (SBAR (SBAR (S (NP they )NP (VP are `` (PP to (NP a large degree )NP )PP , (VP *UNKING , '' (SBAR although (S (NP some )NP (VP may (VP generate (NP some *UNK )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP Manville )NP (VP said (SBAR (SBAR (S (NP (NP the shares )NP (VP issued (PP to (NP the trust )NP )PP )VP )NP (VP were (VP intended (S (VP to (VP be (VP sold , (SBAR as (S (VP needed )VP )S )SBAR , )VP )VP )VP )S )VP )VP )S )SBAR and (SBAR that (S (NP Manville )NP (VP has (NP (NP the right )NP (PP of (NP first refusal (S (VP to (VP buy (NP those shares )NP )VP )VP )S )NP )PP )NP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP Northeast Utilities )NP (VP raised (NP (NP its bid )NP (PP for (NP (NP Public Service Co. )NP (PP of (NP New Hampshire )NP )PP , (SBAR (WHNP which )WHNP (S (VP is (VP operating (PP under (NP Bankruptcy Code protection )NP )PP )VP )VP )S )SBAR , )NP )PP )NP (PP to (NP (QP $ 2.25 billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP (NP (NP Northeast 's )NP raised bid )NP , (SBAR (WHNP which )WHNP (S (VP was (VP supported (PP by (NP (NP PS )NP (PP of (NP (NP New Hampshire 's )NP official shareholder committee )NP )PP )NP )PP )VP )VP )S )SBAR , )NP (VP is (NP (NP a *UNK )NP (PP to (SBAR (WHNP what )WHNP (S (VP is (VP expected (S (VP to (VP be (NP (NP a round )NP (PP of (NP (NP higher bids )NP (PP by (NP (NP the other groups )NP (VP trying (S (VP to (VP acquire (NP (NP the company )NP , (NP (NP the largest utility )NP (PP in (NP New Hampshire )NP )PP )NP )NP )VP )VP )S )VP )NP )PP )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )PP )NP )VP . )S  STOP
(S (NP (NP The (ADJP (QP $ 2.25 billion )QP )ADJP value )NP (VP claimed (PP by (NP (NP Northeast )NP , (PP based (PP in (NP (NP Hartford )NP , (NP Conn. )NP )NP )PP )PP , )NP )PP )VP )NP (VP is (NP (NP the highest )NP (VP (ADVP yet )ADVP given (PP to (NP a bid )NP )PP )VP )NP )VP . )S  STOP
(S (NP (NP Some )NP (PP of (NP the three other bidding groups )NP )PP )NP (VP are (VP expected (S (VP to (VP increase (NP their offers )NP (NP (NP tomorrow )NP , (NP (NP a date )NP (VP set (PP for (NP revised offers )NP )PP (PP by (NP a bankruptcy court judge )NP )PP )VP )NP )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP A hearing )NP (VP is (VP set (PP for (NP Nov. 15 )NP )PP )VP )VP )S , but (S (NP participants )NP (VP do n't (VP expect (NP a resolution )NP (PP until (NP July 1990 )NP )PP )VP )VP )S . )S  STOP
(S (PP Under (NP the new Northeast Utilities plan )NP )PP , (NP it )NP (VP would (VP (VP pay (NP (NP (QP $ *UNKN billion )QP )NP (PP in (NP cash )NP )PP )NP (PP to (NP creditors )NP )PP )VP and (VP assume (NP (NP (QP $ 100 million )QP )NP (PP in (NP pollution control bonds )NP )PP )NP )VP )VP )VP . )S  STOP
(S (NP *UNKED creditors )NP (VP would (VP recover (NP both principal and interest )NP , (SBAR while (S (NP unsecured creditors )NP (VP would (VP receive (NP (NP only principal and interest )NP (VP accrued (SBAR before (S (NP (NP PS )NP (PP of (NP New Hampshire )NP )PP )NP (VP filed (PP for (NP Bankruptcy Code protection )NP )PP (PP in (NP January )NP )PP )VP )S )SBAR )VP )NP )VP )VP )S )SBAR )VP )VP )S  STOP
(S (NP (NP The biggest change )NP (PP in (NP (NP Northeast 's )NP offer )NP )PP )NP (VP was (PP in (NP (NP improvements )NP (VP made (PP for (NP (NP equity holders )NP (SBAR (WHNP who )WHNP (S (VP had (VP been (VP given (NP short *UNK )NP (ADVP previously )ADVP )VP )VP )VP )S )SBAR )NP )PP )VP )NP )PP )VP . )S  STOP
(S (S (VP *UNKING (NP (NP full operation )NP (PP of (NP (NP the *UNKC nuclear power plant )NP , (SBAR (WHNP which )WHNP (S (VP (VP is (VP completed )VP )VP but (VP is n't (ADVP yet )ADVP (VP operating )VP )VP )VP )S )SBAR , )NP )PP )NP )VP )S (NP equity holders )NP (VP would (VP receive (NP (NP (QP up to $ 500 million )QP )NP (PP in (NP (NP cash )NP , (NP preferred stock )NP and (NP new 10-year *UNKC bonds )NP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Northeast 's )NP previous offer )NP (VP had (VP proposed (SBAR that (S (NP equity holders )NP (VP receive (NP (QP just $ *UNKN million )QP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP Northeast )NP (VP promised (NP (NP the State )NP (PP of (NP New Hampshire )NP )PP )NP (SBAR that (S (NP rate increases )NP (VP would (VP be (VP limited (PP to (NP (NP 5.5 % )NP (ADVP annually )ADVP (PP for (NP seven years )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Its previous proposal )NP (VP had (VP *UNKED (NP (NP rate limits )NP (PP on (NP (NP *UNKC operations )NP and (NP other *UNK )NP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC Ross )NP , (NP (NP financial adviser )NP (PP to (NP the equity holders )NP )PP )NP )NP (VP said , `` (S (PP Given (NP (NP the state 's )NP strong bargaining position )NP )PP ... (NP we )NP (VP believe (SBAR (S (NP the *UNK plan )NP (VP provides (NP (NP the best recovery )NP (ADJP available '' (PP to (NP (NP (NAC PS (PP of (NP New Hampshire )NP )PP )NAC 's )NP equity holders )NP )PP )ADJP )NP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP (NP Officials )NP (PP of (NP (NP PS )NP (PP of (NP New Hampshire )NP )PP )NP )PP )NP (VP could n't (VP be (VP reached (PP for (NP comment )NP )PP )VP )VP )VP . )S  STOP
(S (NP The company )NP (VP has (VP filed (NP (NP an internal reorganization plan )NP (SBAR (S (NP it )NP (VP valued (PP at (NP (QP $ 2.2 billion )QP )NP )PP )VP )S )SBAR (SBAR (WHNP that )WHNP (S (VP would (VP require (NP (ADJP 5.5 % )ADJP rate increases )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP That plan )NP (VP would (VP (VP leave (NP existing preferred shareholders )NP (PP with (NP (QP at least a 41 % )QP stake )NP )PP )VP and (VP give (NP common shareholders )NP (NP (QP as little as 13 )QP % )NP )VP )VP )VP . )S  STOP
(S (NP (NP New England Electric System )NP , (NP (NP *UNKC )NP , (NP Mass. )NP )NP , )NP (VP has (VP proposed (S (VP buying (NP the company )NP (PP for (NP $ 2 billion )NP )PP (PP as (NP (NP part )NP (PP of (NP (NP a plan )NP (SBAR (WHNP that )WHNP (S (VP would (VP require (NP (NP rate increases )NP (PP of (NP (QP only 4.8 )QP % )NP )PP (ADVP annually )ADVP (PP for (NP seven years )NP )PP )NP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP (NP The state )NP (PP of (NP New Hampshire )NP )PP )NP (VP has (VP favored (NP that plan )NP )VP )VP . )S  STOP
(S (NP The other bidder )NP (VP is (NP (NP United Illuminating Co. )NP , (NP (NP New *UNKC )NP , (NP Conn. )NP )NP , (PP with (NP (NP (NP a bid )NP (VP valued (PP at (NP (QP $ 2.2 billion )QP )NP )PP )VP )NP and and (NP (NP a proposal )NP (PP for (NP (NP seven years )NP (PP of (NP (ADJP 5.5 % )ADJP rate increases )NP )PP )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (NP The Polish *UNK )NP (VP will (VP eat (ADVP well )ADVP (NP this winter )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP (ADJP *UNKLY *UNKING )ADJP potatoes , *UNK and wheat )NP )PP )NP (VP will (VP fill (NP (NP damp *UNK )NP (PP across (NP the land )NP )PP )NP (SBAR as (S (NP (NP thousands )NP (PP of (NP farmers )NP )PP )NP (VP turn (NP (NP the state 's )NP buyers )NP (PRT away )PRT )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP Many a *UNK )NP (VP wo n't (VP be (VP born (PP as (NP a result )NP )PP )VP )VP )VP )S , and (S (NP many a *UNK )NP (VP will (ADVP never )ADVP (VP *UNK (PP in (NP a *UNK shop )NP )PP )VP )VP )S . )S  STOP
(S But (PP with (S (NP inflation )NP (VP *UNKING )VP )S )PP , (NP (NP grain )NP (PP in (NP the *UNK )NP )PP )NP (VP will (ADVP still )ADVP (VP be (NP (NP a safer bet )NP )NP (PP for (NP the private farmer )NP )PP (PP than (NP (NP money )NP (PP in (NP the bank )NP )PP )NP )PP )VP )VP . )S  STOP
(S (ADVP Once again )ADVP , (NP the *UNK *UNK )NP (VP holds (NP (NP Poland 's )NP future )NP (PP in (NP his hands )NP )PP )VP . )S  STOP
(S (SBAR Until (S (NP his labor )NP (VP can (VP produce (NP a profit )NP (PP in (NP this (ADJP *UNKING and *UNKED )ADJP system )NP )PP )VP )VP )S )SBAR , (NP even (NP Solidarity 's )NP sympathetic new government )NP (VP wo n't (VP win (NP him )NP (PRT over )PRT )VP )VP . )S  STOP
(S (PP In (NP coming months )NP )PP , (NP (NP emergency food aid )NP (VP moving (ADVP in )ADVP (PP from (NP the West )NP )PP )VP )NP (VP will (VP be (NP (NP the one *UNK )NP (PP between (NP (NP a *UNK- public )NP and (NP a new political *UNK )NP )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP (NP *UNKC workers )NP (PP on (NP strike )NP )PP )NP (VP knocked (NP (NP Poland 's )NP Communist bosses )NP (PP off (NP balance )NP )PP (NP last year )NP )VP )S ; (S (NP this year )NP , (NP it )NP (VP was (NP the farmers )NP (SBAR (WHNP who )WHNP (S (VP brought (NP them )NP (PRT down )PRT )VP )S )SBAR )VP )S . )S  STOP
(S (PP In (NP June )NP )PP , (NP farmers )NP (VP held (PP onto (NP meat , milk and grain )NP )PP , (S (VP waiting (PP for (NP (NP July 's )NP usual *UNKED price rises )NP )PP )VP )S )VP . )S  STOP
(S (NP The *UNKC )NP (VP *UNK (NP prices )NP (ADVP instead )ADVP )VP . )S  STOP
(S (S (NP The farmers )NP (VP ran (NP a *UNK )NP )VP )S , and (S (NP meat )NP (VP *UNKED (PP from (NP the shops )NP )PP )VP )S . )S  STOP
(S (PP On (NP Aug. 1 )NP )PP , (S (NP the state )NP (VP *UNK (PRT up )PRT (NP its controls )NP )VP )S , and (S (NP food prices )NP (VP *UNKED )VP )S . )S  STOP
(S (PP Without (NP *UNK stocks )NP )PP , (NP inflation )NP (VP exploded )VP . )S  STOP
(S (NP That )NP (VP was (SBAR (WHADVP when )WHADVP (S (NP (NP the *UNK old (NP *UNKC ' )NP Party )NP , (ADJP *UNK (S (VP to (VP live (PP through (NP the crisis )NP )PP )VP )VP )S )ADJP , )NP (VP (VP broke (NP ranks )NP (PP with (NP the *UNKC )NP )PP )VP and (VP joined (PP with (NP Solidarity )NP )PP (PP in (NP (NP the East *UNKC 's )NP first *UNKED government )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S But (PP by (NP (NP the time )NP (SBAR (S (NP Solidarity )NP (VP took (NP office )NP (PP in (NP September )NP )PP )VP )S )SBAR )NP )PP , (NP the damage )NP (VP was (VP done )VP )VP . )S  STOP
(S (NP `` (NP *UNKC )NP , '' (SBAR as (S (NP economists )NP (VP have (VP come (S (VP to (VP call (NP it )NP )VP )VP )S )VP )VP )S )SBAR , )NP (VP had (VP gone (ADJP *UNK )ADJP )VP )VP . )S  STOP
(S (NP (NP The cost )NP (PP of (S (VP raising (NP a *UNK )NP )VP )S )PP )NP (VP kept (S (VP *UNKING (ADVP ahead (PP of (NP (NP the return )NP (PP for (S (VP selling (NP one )NP )VP )S )PP )NP )PP )ADVP )VP )S )VP . )S  STOP
(S (NP The farmers )NP (VP stayed (ADJP angry )ADJP )VP . )S  STOP
(S (NP They )NP (ADVP still )ADVP (VP are )VP . )S  STOP
(S (PP At (NP (NP *UNK )NP (PP on (NP a cool day )NP )PP )NP )PP , (NP hundreds )NP (VP travel (PP to (NP (NP the private market )NP (PP in (NP (NP *UNKC )NP , (NP (NP a town )NP (ADVP not far (PP from (NP Warsaw )NP )PP )ADVP )NP , )NP )PP )NP )PP (S (VP *UNKING (NP (NP (NP *UNK )NP , (NP cattle )NP and (NP (NP *UNK )NP (PP of (NP feed )NP )PP )NP )NP (SBAR (WHNP that )WHNP (S (NP (NP the state 's )NP official buyers )NP (VP ca n't (VP induce (S (NP them )NP (VP to (VP sell )VP )VP )S )VP )VP )S )SBAR )NP )VP )S )VP . )S  STOP
(S (ADVP Here )ADVP , (NP they )NP (VP are (VP searching (PP for (NP a higher price )NP )PP )VP )VP . )S  STOP
(S (PP In (NP (NP a crush )NP (PP of (NP (NP trucks )NP and (NP horse *UNK )NP )NP )PP (PP on (NP the *UNK field )NP )PP )NP )PP , (NP *UNKC *UNKC )NP (VP *UNK (NP a *UNKING , *UNK *UNK )NP (PP into (NP (NP the *UNK )NP (PP of (NP (NP a private *UNK 's )NP Polish Fiat )NP )PP )NP )PP )VP . )S  STOP
(S `` (S (PP Of (NP course )NP )PP (NP (NP it )NP )NP (VP 's (ADJP better )ADJP (S (VP to (VP sell (ADJP private )ADJP )VP )VP )S )VP )S , '' (NP he )NP (VP says , (SBAR as (S (NP the *UNK )NP (VP *UNK (ADVP away )ADVP )VP )S )SBAR )VP . )S  STOP
(SBARQ `` (WHADVP Why )WHADVP (SQ should (NP anybody )NP (VP want (S (VP to (VP sell (PP to (NP them )NP )PP )VP )VP )S )VP )SQ ? '' )SBARQ  STOP
(S (NP The young farmer )NP (VP makes (NP money )NP (PP on (NP (NP the few *UNK )NP (SBAR (S (NP he )NP (VP sells (ADVP here )ADVP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP He )NP (VP wo n't (PP for (ADVP long )ADVP )PP , (SBAR because (S (NP (NP his old state sources )NP (PP of (NP *UNK and potatoes )NP )PP )NP (VP are (VP *UNKING (PRT up )PRT )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP There )NP (VP 's (NP no feed )NP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (NP You )NP (VP ca n't (VP buy (NP anything )NP (ADVP *UNK )ADVP )VP )VP . )S  STOP
(S (NP I )NP (VP do n't (VP know (SBARQ (WHADVP why )WHADVP )SBARQ )VP )VP . '' )S  STOP
(S (NP Edward *UNKC )NP (VP does )VP . )S  STOP
(S (NP His truck )NP (VP is (VP *UNKED (PP across (NP the field )NP )PP , (PP in (NP (NP a row )NP (PP of (NP grain sellers )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP Like (NP the others )NP )PP , (NP it )NP (VP is (VP *UNKED (PP with (NP (NP *UNK , wheat and *UNK )NP (PP in (NP (NP *UNK )NP (VP *UNKED (S `` (NP (NP *UNKC )NP . (S (VP *UNKC (PP in (NP *UNKC )NP )PP )VP )S )NP )S )VP )NP )PP )NP )PP )VP )VP . '' )S  STOP
(S (NP (NP The farmer )NP (PP at (NP the next truck )NP )PP )NP (VP *UNK , `` (NP *UNKC )NP )VP ! )S  STOP
(S (NP It )NP (VP 's (ADJP nice )ADJP )VP ! )S  STOP
(S (NP It )NP (VP wo n't (VP be (ADJP cheaper )ADJP )VP )VP ! )S  STOP
(S (NP We )NP (VP sell (S (ADJP direct )ADJP )S )VP ! '' )S  STOP
(S (NP A heavy , *UNKED woman )NP (VP (VP runs (NP a handful )NP (PP through (NP her *UNK )NP )PP )VP , and (VP counts (NP him )NP (PRT out )PRT (NP (NP a *UNK )NP (PP of (NP *UNK )NP )PP )NP )VP )VP . )S  STOP
(SINV `` (S (NP *UNKC people )NP (VP *UNKED (NP *UNK )NP )VP )S , '' (VP says )VP (NP Mr. *UNKC )NP , (S (VP *UNKING (PP against (NP (NP the back )NP (PP of (NP his truck )NP )PP )NP )PP )VP )S . )SINV  STOP
(S `` (NP They )NP (VP ca n't (VP buy (NP feed )NP (PP from (NP the state )NP )PP )VP )VP . )S  STOP
(S (NP There )NP (VP is n't (NP enough )NP )VP . )S  STOP
(S (NP Some state *UNK )NP (VP come (S (VP to (VP buy (PP from (NP me )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP I )NP (VP sell -- (NP a little )NP )VP . )S  STOP
(S (NP I )NP (VP am (VP waiting )VP )VP . )S  STOP
(S (NP I )NP (VP have (NP plenty more )NP (PP at (NP home )NP )PP )VP . '' )S  STOP
(S (PP On (NP this morning )NP )PP , (NP he )NP (VP does n't (VP sell (NP much )NP (PP in (NP *UNKC )NP )PP , (ADVP either )ADVP )VP )VP . )S  STOP
(S (PP At (NP closing time )NP )PP , (NP farmers )NP (VP *UNK (PRT out )PRT (NP (NP most )NP (PP of (SBAR (WHNP what )WHNP (S (NP they )NP (VP *UNKED (PRT in )PRT )VP )S )SBAR )PP )NP )VP . )S  STOP
(S (NP (NP A private market )NP (PP like (NP this )NP )PP )NP (ADVP just )ADVP (VP is n't (ADJP big enough (S (VP to (VP absorb (NP all that business )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP (NP The *UNK )NP (PP of (NP *UNKC )NP )PP )NP (PRN , (S (NP it )NP (VP seems )VP )S , )PRN (VP will not (VP (ADVP quickly )ADVP *UNK (PRT away )PRT )VP )VP . )S  STOP
(S (NP State *UNK )NP (VP will (VP keep (ADVP on )ADVP (S (VP *UNKING (NP trade )NP )VP )S (PRN , `` (NP (NP free '' prices )NP or (NP not )NP )NP , )PRN (SBAR until (S (NP something else )NP (VP *UNK (NP them )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Polish agriculture )NP (VP will (VP need (NP (NP (NP a whole private network )NP (PP of (NP *UNK , processing and distribution )NP )PP )NP -- plus (NP (NP a new manufacturing industry )NP (SBAR (S (VP to (VP supply (NP it )NP (PP with (NP *UNK , pesticides , *UNK and feed )NP )PP )VP )VP )S )SBAR )NP )NP )VP )VP . )S  STOP
(S (NP The *UNKC )NP (VP spent (NP 40 years )NP (S (VP working (S (VP to (VP ensure (SBAR that (S (NP no such *UNK structures )NP (ADVP ever )ADVP (VP *UNK (ADVP here )ADVP )VP )S )SBAR )VP )VP )S )VP )S )VP . )S  STOP
(S (S (VP Building (NP them )NP (ADVP now )ADVP )VP )S (VP will (VP require (NP (NP (NP *UNKING )NP (PP from (NP the West )NP )PP )NP , and (NP (NP (NP removal )NP (PP of (NP political *UNK )NP )PP )NP , (NP (NP a job )NP (SBAR (WHNP that )WHNP (S (NP Solidarity )NP (VP has (ADVP barely )ADVP (VP started )VP )VP )S )SBAR )NP )NP )NP )VP )VP . )S  STOP
(S But (NP Polish agriculture )NP (VP does (VP *UNK (NP (NP one great asset )NP )NP (ADVP already )ADVP : (NP the private farmer )NP )VP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP are (VP dealing (PP with (NP real entrepreneurs )NP )PP )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP an economist )NP (SBAR (WHNP who )WHNP (S (VP advises (NP (NP *UNKC Solidarity )NP , (NP (NP the union 's )NP *UNK *UNK )NP )NP )VP )S )SBAR )NP )NP . )SINV  STOP
(S `` (S (NP There )NP (VP are (NP (NP a lot )NP (PP of (NP them )NP )PP )NP )VP )S , and (S (NP they )NP (VP have (NP property )NP )VP )S . '' )S  STOP
(S (NP Polish *UNK )NP , (S (VP *UNKING (NP the *UNK )NP )VP )S , (VP were (ADVP once )ADVP (NP (NP a source )NP (PP of (NP *UNK )NP )PP (PP to (NP *UNK Communists )NP )PP )NP )VP . )S  STOP
(S (ADVP Now )ADVP , (PP among (NP Communist *UNK )NP )PP , (NP they )NP (VP are (NP (NP *UNK )NP (PP of (NP *UNK )NP )PP )NP )VP . )S  STOP
(S (NP Food )NP (VP is (NP (NP (NP the *UNK 's )NP top priority )NP , (NP (NP the key )NP (PP to (NP popular support )NP )PP )NP )NP )VP . )S  STOP
(S (SBAR As (S (S (NP the Chinese )NP (VP have (VP shown )VP )VP )S and (S (NP the Soviets )NP (VP are (VP learning )VP )VP )S )S )SBAR , (NP family farms )NP (VP *UNK (SBAR (WHADVP where )WHADVP (S (NP *UNK )NP (VP fail )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (PRN , (S (NP it )NP (VP seems )VP )S , )PRN (VP is (NP the best *UNK )NP )VP . )S  STOP
(S (NP The *UNKC )NP (VP have (VP had (NP it )NP (ADVP all along )ADVP )VP )VP . )S  STOP
(S (NP (NP Poland 's )NP (QP 2.7 million )QP small private farms )NP (VP cover (NP (NP 76 % )NP (PP of (NP its *UNK land )NP )PP )NP )VP . )S  STOP
(S (PP On (NP it )NP )PP , (NP (NP a quarter )NP (PP of (NP (NP the country 's )NP (QP 39 million )QP people )NP )PP )NP (VP produce (NP (NP (NP *UNK- )NP (PP of (NP its grain , beef , eggs and milk )NP )PP )NP , and (NP (NP *UNK- )NP (PP of (NP its fruit , *UNK and potatoes )NP )PP )NP )NP )VP . )S  STOP
(S (PP Like (NP the Roman *UNKC Church )NP )PP , (NP the Polish *UNK )NP (VP is (NP (NP a *UNK )NP (PP of (NP the nation )NP )PP )NP )VP . )S  STOP
(S (S (VP *UNKC (SBAR as (S (NP they )NP (VP might )VP )S )SBAR )VP )S , (NP the Communists )NP (VP could (VP neither replace nor break (NP him )NP )VP )VP . )S  STOP
(S And (NP they )NP (VP did (VP try )VP )VP . )S  STOP
(S (PP (NP A few miles )NP past (NP *UNKC )NP )PP , (NP a *UNK road )NP (VP (VP *UNK (PP to (NP (NP a track )NP (PP of (NP sand )NP )PP )NP )PP )VP and (VP leads (PP into (NP (NP *UNKC )NP , (NP (NP a *UNK )NP (PP of (NP *UNK farms )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP owns (NP (NP 30 acres )NP (PP in (NP 14 *UNKED *UNK )NP )PP )NP )VP . )S  STOP
(S (NP He )NP (VP grows (NP *UNK and potatoes )NP (PP for (NP (NP a few *UNK )NP , (NP five *UNK )NP and (NP 25 *UNK )NP )NP )PP )VP . )S  STOP
(S (PP In (NP (NP *UNKED *UNK )NP and (NP *UNK shoes )NP )NP )PP , (NP he )NP (VP stands (PP in (NP his *UNK )NP )PP (S (VP *UNKING (NP the ground )NP (PP with (NP (NP a look )NP (ADJP both *UNK and *UNK )ADJP )NP )PP )VP )S )VP . )S  STOP
(S `` (S (NP It )NP (VP 's (NP bad soil )NP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (PP Until (NP *UNKN )NP )PP , (NP it )NP (VP was (NP good soil )NP )VP . )S  STOP
(S Then (NP the state )NP (VP put (PRT in )PRT (NP a *UNK )NP (S (VP to (VP supply (NP the area )NP (PP with (NP drinking water )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Farmers )NP (VP lay (PRT down )PRT (PP before (NP the *UNK )NP )PP )VP . )S  STOP
(S (NP Their protest )NP (VP was (VP ignored )VP )VP . )S  STOP
(S (NP The *UNK )NP (VP caused (S (NP the water level )NP (VP to (VP drop (PP in (NP *UNKC )NP )PP )VP )VP )S )VP . )S  STOP
(S (S (NP *UNK *UNKC )NP (VP *UNK )VP )S and (S (NP his *UNK )NP (VP *UNK )VP )S . )S  STOP
(S (NP He )NP (VP expected (NP as much )NP )VP . )S  STOP
(S (PP In (NP (NP his *UNK )NP , (NP 47 years )NP , )NP )PP (NP the Communists )NP (VP (VP brought (NP electricity )NP (PP to (NP his *UNK )NP )PP )VP and (VP *UNKED (PRT in )PRT (NP drinking water )NP (PP from (NP the *UNK )NP )PP )VP )VP . )S  STOP
(NP No phones . )NP  STOP
(NP No gas . )NP  STOP
(S `` (S (NP We )NP (VP wanted (S (NP them )NP (VP to (VP build (NP a road )NP (ADVP here )ADVP )VP )VP )S )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (NP They )NP (VP (VP started )VP , and then (VP abandoned (NP it )NP )VP )VP . '' )S  STOP
(S (NP (NP A *UNK )NP , (NP his only *UNKED equipment )NP , )NP (VP stands (PP in (NP (NP front )NP (PP of (NP the *UNK )NP )PP )NP )PP )VP . )S  STOP
(S `` (NP It )NP (VP 's (ADJP Russian )ADJP )VP . )S  STOP
(FRAG (ADJP *UNKC (PP for (NP nothing )NP )PP )ADJP . )FRAG  STOP
(S (NP *UNKC )NP (VP are (NP a *UNK )NP )VP . )S  STOP
(S (SBAR Even if (S (NP I )NP (VP had (NP (NP a lot )NP (PP of (NP money )NP )PP )NP )VP )S )SBAR , (NP I )NP (VP could n't (VP buy (SBAR (WHNP what )WHNP (S (NP I )NP (VP need )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP The farmer )NP (VP can (VP say (NP the same )NP (PP for (NP (NP coal )NP , (NP cement )NP , (NP saw *UNK )NP )NP )PP )VP )VP . )S  STOP
(S (S (PP In (NP Poland )NP )PP , (NP (NP (QP only 4 )QP % )NP (PP of (NP all investment )NP )PP )NP (VP goes (PP toward (S (VP making (NP (NP things )NP (SBAR (S (NP farmers )NP (VP want )VP )S )SBAR )NP )VP )S )PP )VP )S ; (S (PP in (NP the West )NP )PP , (NP it )NP (VP is (NP (QP closer to 20 )QP % )NP )VP )S . )S  STOP
(S (NP The few big state farms )NP (VP take (NP first crack )NP (PP at (SBAR (WHNP what )WHNP (S (VP does (VP get (VP made )VP )VP )VP )S )SBAR )PP )VP . )S  STOP
(S (NP They )NP (VP use (NP (NP (NP (QP 60 % more )QP *UNK )NP (PP per (NP *UNK )NP )PP )NP , (NP twice the *UNK- feed )NP )NP )VP . )S  STOP
(S Yet (NP their best *UNK )NP (VP is (SBAR that (S (NP they )NP (VP produce (NP (NP 32 % )NP (PP of (NP Polish pork )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP I )NP (VP 've (VP heard (PP from (NP friends )NP )PP (SBAR that (S (NP state farms )NP (VP are (VP subsidized )VP )VP )S )SBAR )VP )VP )S , '' (NP Mr. *UNKC )NP (VP says (SBAR as (S (NP (NP his wife )NP , (NP *UNKC )NP , )NP (VP sets (NP some chairs )NP (PRT out )PRT (PP in (NP the *UNK )NP )PP )VP )S )SBAR )VP . )S  STOP
(S `` (NP We )NP (VP have (NP one )NP (PP near (NP here )NP )PP )VP . )S  STOP
(S (NP There )NP (VP is (NP (NP a lot )NP (PP of (NP waste )NP )PP )NP )VP . )S  STOP
(S (NP A private farmer )NP (ADVP never )ADVP (VP *UNK (NP anything )NP )VP . '' )S  STOP
(S (NP The state )NP (VP quit (S (VP *UNKING (NP *UNK )NP (PP onto (NP its subsidized farms )NP )PP )VP )S (ADVP (NP (QP over 30 )QP years )NP ago )ADVP )VP . )S  STOP
(S But (NP it )NP (ADVP never )ADVP (VP did (VP let (PRT up )PRT (PP on (NP the pressure )NP )PP )VP )VP . )S  STOP
(S (PP Until (NP recently )NP )PP , (NP (NP a farmer )NP (PP with (NP no *UNK )NP )PP )NP (VP had (S (VP to (VP will (NP the state )NP (NP his land )NP )VP )VP )S (S (VP to (VP collect (NP his pension )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP The pension 's )NP size )NP (ADVP still )ADVP (VP depends (PP on (SBAR (WHADVP how much produce )WHADVP (S (NP he )NP (VP sells (NP the state )NP )VP )S )SBAR )PP )VP . )S  STOP
(S (NP (NP His *UNK )NP (PP of (NP materials )NP )PP )NP (ADVP also )ADVP (VP did , (SBAR until (S (NP the state )NP (VP could n't (VP hold (PRT up )PRT (NP (NP its end )NP (PP of (NP that bargain )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S Yet (NP (NP the state )NP (ADVP alone )ADVP )NP (VP sells (NP seeds and machines )NP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP supplies )NP (VP are (ADJP short )ADJP )VP )S )SBAR , (NP it )NP (ADVP often )ADVP (VP hands (NP them )NP (PRT over )PRT (PP (ADVP only )ADVP in (NP (NP exchange )NP (PP for (NP milk or grain )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP A private farmer )NP (PP in (NP Poland )NP )PP )NP (VP is (ADJP free (S (VP to (VP (VP buy and sell (NP land )NP )VP , (VP hire (NP help )NP )VP , (VP decide (NP (SBAR (WHNP what )WHNP (S (VP to (VP grow )VP )VP )S )SBAR and (SBAR (WHADVP how )WHADVP (S (VP to (VP grow (NP it )NP )VP )VP )S )SBAR )NP )VP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP He )NP (VP is (ADJP free (S (VP (VP to (VP invest (PP in (NP *UNK )NP )PP )VP )VP , and (VP to (VP fail (PP for (NP (NP lack )NP (PP of (NP *UNK wire )NP )PP )NP )PP )VP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP He )NP (VP has (NP (NP (NP plenty )NP (PP of (NP freedom )NP )PP )NP -- but (NP no choices )NP )NP )VP . )S  STOP
(S `` (S (NP I )NP (VP 'm (PP on (NP my own land )NP )PP )VP )S , '' (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S `` (NP I )NP (VP do n't (VP have (S (VP to (VP listen (PP to (SBAR (WHNP what )WHNP (S (NP anybody )NP (VP tells (S (NP me )NP (VP to (VP do )VP )VP )S )VP )S )SBAR )PP )VP )VP )S )VP )VP . '' )S  STOP
(S `` (ADVP Sometimes )ADVP (PRN , '' (SINV (VP says )VP (NP his wife )NP )SINV , `` )PRN (NP we )NP (VP 're (ADJP happy (PP about (NP that )NP )PP )ADJP )VP . '' )S  STOP
(S (PP By (S (VP *UNKING (NP the *UNK )NP )VP )S )PP , (NP the Communists )NP (VP have (VP *UNKED (NP Poland )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP like (NP *UNKC )NP )PP )NP (VP exist (PP in (NP (NP a desert )NP (PP of (NP (NP poor schools )NP and (NP few doctors )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Farm income )NP (VP is (PP (NP 15 % )NP below (NP the average )NP )PP )VP . )S  STOP
(S (NP (NP The young )NP )NP (VP leave , (NP (NP especially *UNK )NP (SBAR (WHNP who )WHNP (S (VP wo n't (VP milk (NP *UNK )NP (PP by (NP hand )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP Some men )NP (VP stay , (S (NP their best friend )NP (NP (NP a *UNK )NP (PP of (NP *UNK )NP )PP )NP )S )VP )S , but (S (NP two million acres )NP (VP have (VP gone (ADJP *UNK )ADJP )VP )VP )S . )S  STOP
(S (PP Without (NP machines )NP )PP , (NP good farms )NP (VP ca n't (VP get (ADJP bigger )ADJP )VP )VP . )S  STOP
(S So (NP (NP the *UNK crop )NP , (ADVP once )ADVP (NP (QP 47 million )QP tons )NP , )NP (VP is (ADVP down (PP to (NP 35 million )NP )PP )ADVP )VP . )S  STOP
(S (S (NP *UNKC consumption )NP (VP is (PP at (NP (NP 1979 's )NP level )NP )PP )VP )S , (S (NP pork production )NP (PP at (NP 1973 's )NP )PP )S , (S (NP milk output )NP (PP at (NP 1960 's )NP )PP )S . )S  STOP
(S (SBAR If (S (NP a food crisis )NP (VP *UNK (NP the Communists )NP )VP )S )SBAR , (NP a food revolution )NP (VP will (VP make (NP Solidarity )NP )VP )VP . )S  STOP
(S (NP The potential )NP (VP is (VP *UNKED (PP along (NP (NP every road )NP (PP into (NP Warsaw )NP )PP )NP )PP : (S (NP (NP row )NP (PP upon (NP row )NP )PP (PP of (NP *UNK )NP )PP )NP , (VP *UNKING (PRT out )PRT (PP behind (NP (NP modern *UNK )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP (NP their owners ' )NP wealth )NP )VP )S )SBAR )NP )PP )VP )S )VP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP are (ADJP (ADJP *UNK )ADJP and (ADJP full (PP of (NP *UNK )NP )PP )ADJP )ADJP (PP in (NP Poland )NP )PP )VP )S , (S (NP the *UNK and *UNK )NP (ADJP *UNK )ADJP )S , (S (NP the state *UNK )NP (ADJP long broken )ADJP )S . )S  STOP
(S (NP *UNKC , milk and meat )NP (VP come (ADVP next )ADVP )VP . )S  STOP
(S (NP (NP A private challenge )NP (PP to (NP the *UNK *UNK industry )NP )PP )NP (VP will (VP take (NP (NP more time and money )NP (SBAR than (S (NP Poland )NP (VP can (VP spare )VP )VP )S )SBAR )NP , (SBAR although (S (NP (NP a *UNK )NP or (NP a local *UNK )NP )NP (VP can (VP spring (PRT up )PRT (ADVP fast )ADVP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Poland )NP (VP makes (NP (NP no machinery )NP (PP for (NP (NP a plant )NP (PP on (NP that scale )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Solidarity )NP (VP wants (NP it )NP (PP from (NP the West )NP )PP )VP . )S  STOP
(S (S (NP (NP *UNKC *UNKC )NP , (NP (NP one )NP (PP of (NP its farm experts )NP )PP )NP , )NP (VP *UNK (NP it )NP (PP on (NP the line )NP )PP )VP )S : `` (S (NP The World Bank )NP (VP will (VP be (VP brought (PRT in )PRT (S (VP to (VP help (S (NP us )NP (VP destroy (NP the old system )NP )VP )S )VP )VP )S )VP )VP )VP )S . '' )S  STOP
(S (NP *UNKC *UNKC )NP (VP is (VP *UNKING (NP it )NP (ADVP now )ADVP )VP )VP . )S  STOP
(S (NP He )NP (VP *UNK (NP pork )NP )VP . )S  STOP
(S (NP (NP A law )NP )NP (VP went (PP on (NP the books )NP )PP (PP in (NP January )NP )PP (SBAR (WHNP that )WHNP (S (VP let (S (NP him )NP (VP smoke (NP *UNK )NP (PP without (S (VP breeding (NP *UNK )NP )VP )S )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP *UNKED (PRT in )PRT )VP . )S  STOP
(S (NP Poland )NP (VP is (ADJP short (PP on (NP (NP enterprises )NP , not (NP *UNK )NP )NP )PP )ADJP )VP . )S  STOP
(S `` (S (NP I )NP (VP (VP pay (NP a lot )NP (PP to (NP the farmer )NP )PP )VP and (VP (NP (QP five times )QP the state salary )NP (PP to (NP my employees )NP )PP )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP He )NP (VP is (PP in (NP Warsaw )NP )PP (S (VP to (VP open (NP a shop )NP )VP )VP )S )VP . )S  STOP
(S `` (S (NP I )NP (VP hire (NP transportation )NP )VP )S , and (S (NP my customers )NP (VP have (NP fresh cold cuts )NP (NP every day )NP )VP )S . )S  STOP
(S (NP I )NP (VP do n't (VP *UNK (NP anyone )NP )VP )VP . )S  STOP
(S (NP (NP Everyone )NP (PP around (NP me )NP )PP )NP (VP lives (ADVP well )ADVP )VP . )S  STOP
(S (INTJ *UNKC )INTJ , (NP my prices )NP (VP are (ADJP high )ADJP )VP . )S  STOP
(S (SBAR If (S (NP nobody )NP (VP buys )VP )S )SBAR , (NP I )NP (VP bring (NP my prices )NP (ADVP down )ADVP )VP . )S  STOP
(S (NP That )NP (VP 's (NP the rule )NP )VP . )S  STOP
(S (NP That )NP (VP 's (NP the market )NP )VP . '' )S  STOP
(S (S (NP Mr. *UNKC )NP (VP is (VP making (NP (NP a *UNK )NP -- (NP (NP $ 10,000 )NP (NP a month )NP )NP )NP )VP )VP )S , (NP he )NP (VP says )VP . )S  STOP
(S (NP He )NP (VP has (VP bought (NP (NP some *UNK Western clothes )NP , and (NP (NP a green *UNKC )NP (PP with (NP (NP an American flag )NP (PP in (NP the window )NP )PP )NP )PP )NP )NP )VP )VP . )S  STOP
(S But (NP (NP the *UNKING machines )NP (SBAR (S (NP he )NP (VP picked (PRT up )PRT )VP )S )SBAR )NP (VP are (ADJP (NP 50 years )NP old )ADJP )VP . )S  STOP
(S `` (NP I )NP (VP do n't (VP want (NP expensive machines )NP )VP )VP . )S  STOP
(S (SBAR If (S (NP the situation )NP (VP changes )VP )S )SBAR , (NP I )NP (VP 'll (VP get (VP stuck (PP with (NP them )NP )PP )VP )VP )VP . '' )S  STOP
(S (NP That )NP (VP 's (NP politics )NP )VP . )S  STOP
(S (SBAR By (S (VP taking (NP (NP power )NP (PP in (NP (NP a deal )NP (PP with (NP (NP the *UNKC Party 's )NP *UNK Communist *UNK )NP )PP )NP )PP )NP )VP )S )SBAR , (NP Solidarity )NP (VP has (VP *UNKED (NP the rural entrepreneur )NP )VP )VP . )S  STOP
(S (NP *UNKC Solidarity )NP (VP *UNKED , (PP to (NP no *UNK )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP Solidarity leader *UNKC *UNKC )NP (VP accepted (NP (NP the *UNKC ' )NP support )NP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP *UNKED (ADVP again )ADVP (PP in (NP September )NP )PP (SBAR (WHADVP when )WHADVP (S (NP Prime Minister *UNKC *UNKC )NP (VP (ADVP *UNKLY )ADVP named (NP a *UNKC Party man )NP (PP as (NP his agriculture minister )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Both (NP the *UNKC )NP and (NP *UNKC Solidarity )NP )NP (VP are (VP *UNKING (NP (NP new political parties )NP (PP for (NP farmers )NP )PP )NP )VP )VP . )S  STOP
(S (NP The *UNKC )NP (VP can (VP make (NP (NP a credible case )NP , (PP against (NP Solidarity )NP )PP , (SBAR that (S (NP *UNK- reform )NP (VP will (VP drive (NP millions )NP (PP from (NP the land )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP Next *UNKING )NP , (NP the two )NP (VP will (VP battle (PP in (NP local elections )NP )PP )VP )VP . )S  STOP
(S But (PP until (NP then )NP )PP (PRN , and (ADVP probably )ADVP (ADVP long *UNK )ADVP , )PRN (NP (NP (NP the Communists ' )NP *UNK )NP (PP of (NP *UNK )NP )PP -- (PP (PP from (NP (NP the head )NP (PP of (NP the *UNK *UNK- )NP )PP )NP )PP (PP to (NP the *UNK bank manager )NP )PP )PP -- )NP (VP will (VP stay (S (VP *UNKED (PP in (NP the Polish *UNK )NP )PP )VP )S )VP )VP . )S  STOP
(S `` (S (NP We )NP (VP know (SBAR (WHADVP how )WHADVP (S (VP to (VP get (PP from (NP *UNK )NP )PP (PP to (NP socialism )NP )PP )VP )VP )S )SBAR )VP )S , '' (NP *UNKC *UNKC )NP (VP is (VP saying (NP one afternoon )NP )VP )VP . )S  STOP
(S `` (NP We )NP (VP do n't (VP know (SBAR (WHADVP how )WHADVP (S (VP to (VP get (PP from (NP socialism )NP )PP (PP to (NP capitalism )NP )PP )VP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP He )NP (VP farms (NP (NP 12 acres )NP (PP in (NP (NP *UNKC )NP , (PP (NP two miles )NP from (NP the Soviet border )NP )PP (PP in (NP (NP one )NP (PP of (NP (NP Poland 's )NP *UNK places )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (ADVP Now )ADVP (NP he )NP (VP is (VP mounting (NP (NP the steps )NP (PP of (NP (NP a *UNK building )NP (PP in (NP a nearby *UNK )NP )PP )NP )PP )NP , (PP on (NP (NP a visit )NP (PP to (NP (NP the Communist *UNK )NP , (NP the `` *UNK )NP )NP )PP )NP )PP )VP )VP . '' )S  STOP
(SINV `` (S (NP (NP Many people )NP (PP in (NP Poland )NP )PP )NP (VP hope (SBAR (S (NP this government )NP (VP will (VP break (PRT down )PRT )VP )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP *UNK (PP (PP to (NP the local council )NP )PP and (PP to (NP *UNKC Solidarity )NP )PP )PP )VP )S )SBAR )NP . )SINV  STOP
(S `` (NP That )NP (VP 's (SBAR (WHNP what )WHNP (S (NP the *UNK )NP (VP counts (PRT on )PRT )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP is (NP our (ADJP most dangerous )ADJP *UNK )NP )VP . )S  STOP
(S (NP (NP Every time )NP (SBAR (S (NP he )NP (VP sees (NP me )NP )VP )S )SBAR )NP , (NP he )NP (VP gets (ADJP very nervous )ADJP )VP . '' )S  STOP
(S (NP The farmer )NP (VP *UNK (PP into (NP (NP the *UNK 's )NP office )NP )PP )VP . )S  STOP
(S (NP (NP A thin man )NP (PP in (NP a gray suit )NP )PP )NP (VP looks (ADVP up )ADVP (PP from (NP a newspaper )NP )PP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP *UNK )VP . )S  STOP
(S (NP (NP *UNKC *UNKC 's )NP leg )NP (VP begins (S (VP *UNKING (PP *UNK (NP his desk )NP )PP )VP )S )VP . )S  STOP
(S `` (S (NP Solidarity )NP (VP does n't (VP care (PP for (NP (NP the good )NP (PP of (NP this region )NP )PP )NP )PP )VP )VP )S , '' (NP he )NP (VP says (PP after (NP a few *UNK )NP )PP )VP . )S  STOP
(S `` (NP They )NP (VP want (S (VP to (VP turn (NP everything )NP (ADVP *UNK down )ADVP (PP in (NP a week )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP (ADVP here )ADVP )NP (VP wants (NP (NP 60 acres )NP (VP used (PP at (NP the moment )NP )PP (PP by (NP a state farm )NP )PP )VP )NP )VP . )S  STOP
(S (NP He )NP (VP ca n't (VP guarantee (SBAR that (S (NP he )NP (VP can (VP use (NP it )NP (ADVP any better )ADVP )VP )VP )S )SBAR )VP )VP . '' )S  STOP
(S `` (NP I )NP (VP am (ADJP ready )ADJP (PP at (NP any moment )NP )PP (S (VP to (VP compete (PP with (NP a state farm )NP )PP )VP )VP )S )VP . '' )S  STOP
(S (NP The *UNK )NP (VP *UNK (NP his eyes )NP )VP . )S  STOP
(SBARQ `` (WHNP What )WHNP (SQ have (NP you )NP (VP got )VP )SQ ? )SBARQ  STOP
(NP Not even a *UNK . )NP  STOP
(S And (NP you )NP (VP want (S (VP to (VP make (NP *UNK baskets )NP , (ADVP too )ADVP )VP )VP )S )VP . '' )S  STOP
(S `` (NP I )NP (VP can (VP do (NP five things )NP (PP at (NP once )NP )PP -- (S (VP to (VP be (NP a businessman )NP )VP )VP )S )VP )VP . '' )S  STOP
(S `` (NP Big business )NP , '' (NP Mr. *UNKC )NP (VP *UNK (PP in (NP English )NP )PP )VP . )S  STOP
(S (NP The farmer )NP (VP stands (S (VP to (VP go )VP )VP )S )VP . )S  STOP
(S (NP The *UNK )NP (VP stands , (ADVP too )ADVP )VP . )S  STOP
(S `` (S (NP I )NP (VP care (ADVP very much )ADVP (PP for (NP this post )NP )PP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (NP *UNKC years )NP (NP I )NP (VP 've (VP had (NP it )NP )VP )VP . )S  STOP
(S (NP (NP A cultural center )NP )NP (VP has (VP been (VP built , (NP shops )NP )VP )VP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP I )NP (VP am not (NP a comfortable man )NP (PP for (NP Solidarity )NP )PP )VP . )S  STOP
(S (NP I )NP (VP have (VP *UNKED (NP too much )NP )VP )VP . )S  STOP
(S (NP They )NP (VP want (S (VP to (VP do (NP more )NP )VP )VP )S )VP . )S  STOP
(S (NP I )NP (VP wish (NP them )NP (NP all the best )NP )VP ! '' )S  STOP
(S (NP The farmer )NP (VP leaves )VP . )S  STOP
(S And (NP the *UNK )NP (VP *UNK (NP his door )NP )VP . )S  STOP
(S (NP The House )NP (VP approved (NP (NP a short-term spending bill )NP (SBAR (S (VP to (VP (VP keep (S (NP the government )NP (VP operating )VP )S (PP through (NP Nov. 15 )NP )PP )VP and (VP provide (NP (NP (QP $ 2.85 billion )QP )NP (PP in (NP emergency funds )NP )PP )NP (S (VP to (VP assist (PP in (NP (NP the recovery )NP (PP from (NP (NP Hurricane Hugo )NP and (NP the California earthquake )NP )NP )PP )NP )PP )VP )VP )S )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP The *UNKN roll call vote )NP (VP reflected (NP (NP broad support )NP (PP for (NP the disaster assistance )NP )PP )NP )VP )S , but (S (NP (NP the cost )NP (PP to (NP the Treasury )NP )PP )NP (VP is (ADJP sure (S (VP to (VP *UNK (NP budget pressures )NP (NP this year and next )NP (PP under (NP the Gramm-Rudman deficit reduction law )NP )PP )VP )VP )S )ADJP )VP )S . )S  STOP
(S (S (PP By (NP a *UNKED *UNKN margin )NP )PP , (NP the chamber )NP (VP rejected (NP an effort (S (VP to (VP waive (NP Gramm-Rudman )NP (PP for (NP (NP purposes )NP (PP of (S (VP *UNKING (NP the two disasters )NP )VP )S )PP )NP )PP )VP )VP )S )NP )VP )S , and (S (NP budget analysts )NP (VP estimate (SBAR (S (NP the increased appropriations )NP (VP will (VP *UNK (NP the fiscal 1990 deficit )NP (PP by (NP (QP at least $ *UNKN billion )QP )NP )PP (SBAR unless (S (NP (NP offsetting spending cuts )NP or (NP new revenues )NP )NP (VP are (VP found (PP by (NP Congress )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )S . )S  STOP
(S (S (NP The budget impact )NP (VP will (VP be (ADJP greater still )ADJP (PP in (NP fiscal 1991 )NP )PP )VP )VP )S , and (S (NP the issue )NP (VP forced (NP (NP a confrontation )NP (PP between (NP (NP the Appropriations Committee leadership )NP and (NP (NP Budget Committee Chairman *UNKC *UNKC )NP , (SBAR (WHNP whose California district )WHNP (S (VP was (PP at (NP (NP the center )NP (PP of (NP (NP the earthquake )NP (NP last week )NP )NP )PP )NP )PP )VP )S )SBAR )NP )NP )PP )NP )VP )S . )S  STOP
(S (S (VP *UNKING (PP to (NP (NP the well )NP (PP of (NP the chamber )NP )PP )NP )PP )VP )S , (NP Mr. *UNKC )NP (VP demanded (SBAR (S (NP the costs )NP (VP be (VP (ADVP fully )ADVP counted )VP )VP )S )SBAR )VP . )S  STOP
(S (NP His prominent role )NP (VP put (NP him )NP (PP in (NP (NP the *UNK position )NP (PP of (S (VP challenging (NP (NP the very committee members )NP (SBAR (WHPP on (WHNP whom )WHNP )WHPP (S (NP his state )NP (VP will (VP be (ADJP most *UNK )ADJP (PP in (NP (NP the months )NP (ADVP ahead )ADVP )NP )PP )VP )VP )S )SBAR )NP )VP )S )PP )NP )PP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP do not (VP come (PP to (NP this House )NP )PP (S (VP asking (PP for (NP any *UNK )NP )PP )VP )S )VP )VP )S , '' (VP said )VP (NP the California Democrat )NP . )SINV  STOP
(S `` (NP We )NP (VP do not (VP intend (S (VP to (VP hide (NP these costs )NP (PP from (NP the American people )NP )PP )VP )VP )S )VP )VP . '' )S  STOP
(S (NP The (ADJP (QP $ 2.85 billion )QP )ADJP package )NP (VP *UNK (NP (NP (NP (QP $ 500 million )QP )NP (PP for (NP *UNK- disaster loans )NP )PP )NP , (NP (NP (QP $ 1 billion )QP )NP (PP in (NP highway construction funds )NP )PP )NP , and (NP (NP (QP $ *UNKN billion )QP )NP (VP divided (PP between (NP (NP general emergency assistance )NP and (NP (NP a reserve )NP (SBAR (S (VP to (VP be (ADJP available (PP to (NP President Bush )NP )PP (S (VP to (VP meet (NP (NP *UNKED costs )NP (PP from (NP the two disasters )NP )PP )NP )VP )VP )S )ADJP )VP )VP )S )SBAR )NP )NP )PP )VP )NP )NP )VP . )S  STOP
(S (NP The funds )NP (VP are (PP in (NP (NP addition )NP (PP to (NP (NP (QP $ 1.1 billion )QP )NP (VP *UNKED (NP last month )NP (S (VP to (VP assist (PP in (NP (NP the recovery )NP (PP from (NP Hugo )NP )PP )NP )PP )VP )VP )S )VP )NP )PP )NP )PP , (S (VP bringing (NP (NP the total )NP (PP for (NP the two disasters )NP )PP )NP (PP to (NP (NP (QP nearly $ 4 billion )QP )NP (PP in (NP *UNKED spending )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (PP Because of (NP (NP the *UNK )NP (PP of (NP Gramm-Rudman )NP )PP )NP )PP , (NP the immediate impact )NP (VP is (ADJP relatively small )ADJP )VP . )S  STOP
(S But (NP the appropriations )NP (VP set (PP in (NP motion )NP )PP (NP (NP spending )NP (SBAR (WHNP that )WHNP (S (VP adds (PP to (NP (NP an (ADJP already grim )ADJP budget picture )NP (PP for (NP fiscal 1991 )NP )PP )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP Within (NP the appropriations process )NP )PP , (NP the situation )NP (VP is (ADJP (ADVP even more )ADVP difficult )ADJP (SBAR since (S (NP the costs )NP (VP will (VP be (VP counted (PP against (NP (NP (NP the share )NP (PP of (NP funds )NP )PP )NP (SBAR (S (VP to (VP be (VP *UNKED (PP to (NP (NP those *UNK )NP (SBAR (WHNP that )WHNP (S (ADVP recently )ADVP (VP have (VP had (NP (NP the greatest difficulty )NP (PP in (S (VP *UNKING (PP within (NP the budget )NP )PP )VP )S )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP The underlying bill )NP (VP approved (NP yesterday )NP )VP )NP (VP is (VP required (S (VP to (VP keep (S (NP the government )NP (VP operating (PP past (NP (NP midnight )NP (NP tonight )NP )NP )PP )VP )S )VP )VP )S )VP )VP )S , and (S (NP this *UNK )NP (VP has (VP contributed (PP to (NP (NP (NP the speed )NP -- and (PRN , (S (NP critics )NP (VP say )VP )S , )PRN (NP mistakes )NP -- )NP (SBAR (WHNP that )WHNP (S (VP have (VP accompanied (NP (NP the package )NP (PP of (NP disaster assistance )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S . )S  STOP
(S (NP The *UNKLY drafted measure )NP (VP could (VP hurt (NP California )NP (PP by (S (VP requiring (S (NP it )NP (VP to (VP put (PRT up )PRT (NP (NP more matching funds )NP (PP for (NP emergency highway assistance )NP )PP (SBAR than (S (ADVP otherwise )ADVP (VP would (VP be (VP required )VP )VP )VP )S )SBAR )NP )VP )VP )S )VP )S )PP )VP )VP . )S  STOP
(S And (NP (NP the state 's )NP delegation )NP (VP is (ADJP *UNK (SBAR that (S (NP the new funding )NP (VP will (VP be (VP counted (PP against (NP (NP (NP a separate (QP $ *UNKN million )QP )NP (PP in (NP federal highway funds )NP )PP )NP (SBAR (S (NP it )NP (VP would (VP expect (S (VP to (VP receive (PP under (NP its normal allocation )NP )PP (NP this year )NP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (ADVP Also )ADVP , (NP (NP the high price )NP (PP of (NP San Francisco real estate )NP )PP )NP (VP puts (NP the state )NP (PP at (NP (NP odds )NP (PP with (NP (NP federal regulations )NP (ADJP more *UNKED (PP to (NP the national average )NP )PP )ADJP )NP )PP )NP )PP )VP . )S  STOP
(S (PP For (NP example )NP )PP , (NP (NP disaster loans )NP , (SBAR (WHNP which )WHNP (S (VP will (VP go (PP to (NP (NP small businesses )NP and (NP homeowners )NP )NP )PP )VP )VP )S )SBAR , )NP (VP offer (NP (NP credit )NP (ADJP as low (PP as (NP 4 % )NP )PP )ADJP )NP (PP in (NP some cases )NP )PP )VP . )S  STOP
(S But (NP the San Francisco delegation )NP (VP finds (S (NP itself )NP (VP asking (SBAR that (S (NP (NP the cap )NP (PP per (NP household )NP )PP )NP (VP be (VP lifted (PP to (NP $ 500,000 )NP )PP (PP from (NP $ 100,000 )NP )PP (S (VP to (VP assist (NP the (ADJP (ADJP hard hit )ADJP but often (ADJP wealthy )ADJP )ADJP Marina district )NP )VP )VP )S )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (S (NP The Senate )NP (VP is (VP expected (S (VP to (VP make (NP some *UNK )NP (NP today )NP )VP )VP )S )VP )VP )S , but (S (NP both (NP the White House )NP and (NP Congress )NP )NP (VP appear (ADJP most anxious (S (VP to (VP speed (NP final approval )NP (PP before (NP (NP tonight 's )NP deadline )NP )PP )VP )VP )S )ADJP )VP )S . )S  STOP
(S (S (NP Administration pressure )NP (VP *UNK (NP any effort (S (VP to (VP add (PP to (NP total funding )NP )PP )VP )VP )S )NP )VP )S , and (S (NP the Senate changes )NP (VP are (VP expected (S (VP to (VP be (ADJP largely technical )ADJP -- (S (VP (VP dealing (PP with (NP highway aid )NP )PP )VP and (VP *UNKING (NP (NP the ceiling )NP (PP on (NP total Small Business Administration loans )NP )PP )NP (PP to (NP (QP $ 1.8 billion )QP )NP )PP (S (VP to (VP accommodate (NP (NP the increased activity )NP (VP expected )VP )NP )VP )VP )S )VP )VP )S )VP )VP )S )VP )VP )S . )S  STOP
(S (NP (NP Yesterday 's )NP floor action )NP (VP came (SBAR as (S (NP a House-Senate conference )NP (VP approved (NP (NP a (ADJP (QP nearly $ 8.5 billion )QP )ADJP fiscal 1990 military construction bill )NP , (VP (VP representing (NP (NP a (ADJP 5 % )ADJP reduction )NP (PP from (NP last year )NP )PP )NP )VP and (VP making (NP (NP severe cuts )NP (PP from (NP (NP Pentagon requests )NP (PP for (NP (NP installations )NP (ADVP abroad )ADVP )NP )PP )NP )PP )NP )VP )VP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP An estimated (QP $ *UNKN million )QP )NP (VP is (VP *UNKED (S (VP to (VP continue (NP (NP work )NP (PP in (NP *UNKC )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S But (S (NP (NP all funding )NP )NP (VP is (VP cut (PP for (NP the Philippines )NP )PP )VP )VP )S , and (S (NP (NP projects )NP (PP in (NP South Korea )NP )PP )NP (VP are (VP cut (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP less )NP (PP than (NP (NP a sixth )NP (PP of (NP (NP the administration 's )NP request )NP )PP )NP )PP )NP )NP )PP )VP )VP )S . )S  STOP
(S (ADVP *UNKC (PP to (NP home )NP )PP )ADVP , (NP the negotiators )NP (VP were (ADJP more generous )ADJP )VP . )S  STOP
(S (NP An estimated (QP $ *UNKN million )QP )NP (VP was (VP set (ADVP aside )ADVP (PP for (NP (NP military installations )NP (PP in (NP (NP the home state )NP (PP of (NP (NP North Carolina Rep. *UNKC *UNKC )NP , (NP the House chairman )NP )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S And (NP (QP $ *UNKN million )QP )NP (VP would (VP go (PP to (NP (NP (NP projects )NP (PP in (NP Tennessee )NP )PP )NP (VP represented (PP by (NP (NP his Senate counterpart and fellow Democrat )NP , (NP Sen. James *UNKC )NP )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (S (NP Texas and California )NP (VP are (ADJP traditionally powerful )ADJP (PP within (NP the conference )NP )PP )VP )S , but (SINV (ADJP equally striking )ADJP (VP is )VP (NP (NP the *UNK )NP (PP of (NP (NP Alaska )NP , (NP Pennsylvania )NP and (NP West Virginia )NP )NP )PP )NP (PP because of (NP (NP their power )NP (ADVP elsewhere (PP in (NP the appropriations process )NP )PP )ADVP )NP )PP )SINV . )S  STOP
(S (NP (NP Senate Appropriations Committee Chairman Robert *UNKC )NP (PRN -LRB- (NP D. )NP , (NP *UNKC . )NP -RRB- )PRN )NP (ADVP even )ADVP (VP added (NP (NP report language )NP (VP listing (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP (NP projects )NP (SBAR (S (NP he )NP (VP wants (S (PP in (NP the budget )NP )PP (NP next year )NP )S )VP )S )SBAR )NP )PP )NP )VP )NP )VP . )S  STOP
(S (NP No individual )NP (VP *UNKED (NP (NP this mix )NP (PP of (NP power )NP )PP )NP (ADVP (ADVP more )ADVP )ADVP (NP yesterday )NP (PP than (NP (NP Sen. Daniel *UNKC )NP (PRN -LRB- (NP D. )NP , (NP Hawaii )NP -RRB- )PRN , (SBAR (WHNP who )WHNP (S (VP chairs (NP the Senate defense subcommittee )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP In (NP the final trading )NP )PP , (NP the House )NP (VP was (ADJP *UNK (PP on (S (VP setting (ADVP aside )ADVP (NP (QP $ 500 million )QP )NP (S (VP to (VP carry (PRT out )PRT (NP (NP base *UNK )NP (VP ordered (S (VP to (VP begin (PP in (NP fiscal 1990 )NP )PP )VP )VP )S )VP )NP )VP )VP )S )VP )S )PP )ADJP )VP . )S  STOP
(S But (NP it )NP (VP gave (NP ground )NP (PP to (NP Mr. *UNKC )NP )PP (PP on (NP (NP (NP a number )NP (PP of (NP projects )NP )PP )NP , (VP ranging (PP (PP from (NP (NP a (ADJP (QP $ 11 million )QP )ADJP parking *UNK )NP (ADVP here )ADVP )NP )PP , (PP to (NP (NP a land transfer )NP (PP in (NP Hawaii )NP )PP )NP )PP , (PP to (NP a provision (S (VP to (VP assist (NP (NP the *UNKC Indian *UNKC )NP (PP in (NP Washington state )NP )PP )NP )VP )VP )S )NP )PP )PP )VP )NP )PP )VP . )S  STOP
(S (NP The *UNK )NP (VP is (NP (NP one )NP (PP of (NP (NP the *UNK )NP (PP in (NP the Pacific Northwest )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP chairs (NP (NP the select committee )NP (PP on (NP Indian Affairs )NP )PP )NP )VP )S )SBAR , )NP (VP used (NP his power )NP (S (VP to (VP move (NP $ 400,000 )NP (PP from (NP the Air Force )NP )PP (PP to (NP (NP the Bureau )NP (PP of (NP Indian Affairs )NP )PP )NP )PP (S (VP to (VP assist (PP in (S (VP *UNKING (NP a *UNKED base )NP (S (VP to (VP accommodate (NP a drug and *UNK *UNK center )NP )VP )VP )S )VP )S )PP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP House-Senate negotiators )NP (VP have (VP (ADVP tentatively )ADVP agreed (PP on (NP a (ADJP (QP $ *UNKN billion )QP )ADJP *UNK- and *UNK- *UNK )NP )PP , (S (VP cutting (NP other federal spending )NP (NP *UNKN % )NP (S (VP to (VP pay (PP for (NP it )NP )PP )VP )VP )S )VP )S )VP )VP . )S  STOP
(S (NP A formal House-Senate conference )NP (VP is (VP expected (S (VP to (VP *UNK (NP the accord )NP (NP later this week )NP )VP )VP )S )VP )VP . )S  STOP
(SINV (S (NP Mobil Corp. )NP (VP is (VP preparing (S (VP to (VP slash (NP (NP the size )NP (PP of (NP (NP its work force )NP (PP in (NP the U.S. )NP )PP )NP )PP )NP , (ADVP possibly )ADVP (ADVP (ADVP as soon )ADVP (PP as (NP next month )NP )PP )ADVP )VP )VP )S )VP )VP )S , (VP say )VP (NP (NP individuals )NP (ADJP familiar (PP with (NP (NP the company 's )NP strategy )NP )PP )ADJP )NP . )SINV  STOP
(S (S (NP (NP The size )NP (PP of (NP the cuts )NP )PP )NP (VP is n't (VP known )VP )VP )S , but (S (NP they )NP (VP 'll (VP be (VP *UNKED (PP in (NP (NP the exploration and production division )NP , (SBAR (WHNP which )WHNP (S (VP is (ADJP responsible (PP for (S (VP (VP *UNKING (NP oil reserves )NP )VP , (VP drilling (NP wells )NP )VP and (VP *UNKING (NP (NP crude oil )NP and (NP natural gas )NP )NP )VP )VP )S )PP )ADJP )VP )S )SBAR )NP )PP )VP )VP )VP )S . )S  STOP
(S (NP Employees )NP (VP have n't (ADVP yet )ADVP (VP been (VP notified )VP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR that (S (NP meetings (S (VP to (VP discuss (NP the staff reductions )NP )VP )VP )S )NP (VP have (VP been (VP scheduled (PP for (NP Friday )NP )PP (PP at (NP (NP Mobil offices )NP (PP in (NP (NP New Orleans )NP and (NP Denver )NP )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP This )NP (VP would (VP be (NP (NP a second round )NP (PP of (NP (NP cuts )NP (PP by (NP (NP Mobil )NP , (SBAR (WHNP which )WHNP (S (ADVP along (PP with (NP other oil producers and *UNK )NP )PP )ADVP (VP reduced (NP its work force )NP (PP by (NP (QP 15 % to 20 % )QP )NP )PP (PP during (NP the *UNK- )NP )PP (PP as (NP (NP part )NP (PP of (NP an industrywide *UNK )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Mobil 's )NP latest move )NP (VP could (VP signal (NP (NP the beginning )NP (PP of (NP (NP further reductions )NP (PP by (NP other oil companies )NP )PP (PP in (NP their domestic *UNKING operations )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (PP In (NP (NP yesterday 's )NP third-quarter earnings report )NP )PP , (NP the company )NP (VP *UNKED (PP to (NP (NP a (ADJP (QP $ 40 million )QP )ADJP provision )NP (PP for (NP restructuring costs )NP )PP (VP involving (NP U.S. exploration and production operations )NP )VP )NP )PP )VP . )S  STOP
(S (NP The report )NP (VP says (SBAR that `` (S (NP the restructuring )NP (VP (VP will (VP take (NP place )NP (PP over (NP a two-year period )NP )PP )VP )VP and (VP will (ADVP *UNKLY )ADVP (VP involve (NP (NP the transfer and *UNK )NP (PP of (NP (NP employees )NP (PP in (NP our U.S. operations )NP )PP )NP )PP )NP )VP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP A company spokesman )NP , (VP reached (PP at (NP his home )NP )PP (NP last night )NP )VP , )NP (VP would (ADVP only )ADVP (VP say (SBAR that (S (NP there )NP (VP will (VP be (NP (NP a public announcement )NP (PP of (NP the reduction program )NP )PP (PP by (NP (NP the end )NP (PP of (NP the week )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Most oil companies )NP , (PP including (NP Mobil )NP )PP , )NP (VP have (VP been (VP reporting (NP lower third-quarter earnings )NP , (PP (ADVP largely )ADVP as (NP (NP a result )NP (PP of (NP (NP lower earnings )NP (PP from (NP chemicals as well as refining and marketing businesses )NP )PP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (ADJP familiar (PP with (NP (NP Mobil 's )NP strategy )NP )PP )ADJP )NP (VP say (SBAR that (S (NP Mobil )NP (VP is (VP reducing (NP its U.S. work force )NP (PP because of (NP declining U.S. output )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Yesterday )NP , (NP Mobil )NP (VP said (SBAR (S (NP domestic exploration and production operations )NP (VP had (NP a (ADJP (QP $ 16 million )QP )ADJP loss )NP (PP in (NP the third quarter )NP )PP , (SBAR while (S (NP comparable foreign operations )NP (VP earned (NP (QP $ *UNKN million )QP )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (ADVP *UNKC )ADVP , (NP (NP oil production )NP (PP in (NP this country )NP )PP )NP (VP fell (PP by (NP (NP 500,000 barrels )NP (NP a day )NP )NP )PP (PP to (NP (NP (QP 7.7 million )QP barrels )NP (PP in (NP (NP the first eight months )NP (PP of (NP this year )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Daily output )NP (VP is (VP expected (S (VP to (VP decline (PP by (NP (QP at least another 500,000 )QP barrels )NP )PP (NP next year )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Some Mobil executives )NP (VP were (ADJP *UNKED (SBAR that (S (NP (NP a *UNK )NP (PP to (NP the *UNK )NP )PP )NP (VP was (VP included (PP in (NP the earnings report )NP )PP (SBAR before (S (NP workers )NP (VP were (VP notified )VP )VP )S )SBAR )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP One Mobil executive )NP (VP said (SBAR that (S (NP (NP the (ADJP (QP $ 40 million )QP )ADJP charge )NP (VP related (PP to (NP the action )NP )PP )VP )NP (VP indicates (SBAR (S (NP (NP `` a substantial '' number )NP (PP of (NP people )NP )PP )NP (VP will (VP be (VP involved )VP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Some )NP (VP will (ADVP likely )ADVP (VP be (VP offered (NP *UNK packages )NP (SBAR while (S (NP others )NP (VP will (VP be (VP transferred (PP to (NP overseas operations )NP )PP )VP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP The Justice Department )NP (VP is (PP in (NP (NP the process )NP (PP of (S (VP trying (S (VP to (VP gain (NP (NP control )NP (PP over (NP (NP a law )NP (SBAR (WHNP that )WHNP (S (NP federal Judge David *UNKC )NP (ADVP recently )ADVP (VP called (S (NP a `` *UNK )NP )S )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP )S )PP )NP )PP )VP . '' )S  STOP
(S (S (ADJP *UNKC (S (VP to (VP say )VP )VP )S )ADJP )S , (NP he )NP (VP was (VP talking (PP about (NP RICO )NP )PP )VP )VP . )S  STOP
(S (PP With (NP (NP its (ADJP recently revised )ADJP guidelines )NP (PP for (NP RICO )NP )PP )NP )PP , (NP Justice )NP (VP makes (S (NP (NP it )NP )NP (ADJP clear )ADJP (SBAR that (S (NP the law )NP (ADVP currently )ADVP (VP holds (NP (NP (ADJP too many )ADJP incentives )NP (PP for (NP (NP abuse )NP (PP by (NP prosecutors )NP )PP )NP )PP )NP )VP )S )SBAR )S )VP . )S  STOP
(S (NP (NP The text )NP (PP of (NP (NP the `` new policy '' guidelines )NP (PP from (NP the *UNKC Division )NP )PP )NP )PP )NP (VP are (VP *UNKED (ADVP nearby )ADVP )VP )VP . )S  STOP
(S (NP They )NP (VP (ADVP strongly )ADVP suggest (SBAR that (S (NP (NP (NP Justice 's )NP prosecutions )NP (PP of (NP (NP Drexel Burnham Lambert )NP , (NP Michael *UNKC )NP and (NP *UNKC )NP )NP )PP )NP (VP violated (NP (NP *UNK )NP (PP of (NP fundamental *UNK )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Justice )NP (VP is (VP attempting (S (VP to (VP avoid (NP (NP a *UNK )NP (PP of (NP these tactics )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP This )NP (VP amounts (PP to (NP (NP an extraordinary *UNK )NP (PP of (NP (NP the tenure )NP (PP of (NP (NP New York mayoral candidate and former U.S. Attorney *UNKC Giuliani )NP , (SBAR (WHNP who )WHNP (S (VP was (ADJP (ADJP more inclined (PP to (S (VP gathering (NP *UNK )NP )VP )S )PP )ADJP (FRAG (PP than (S (VP understanding (NP markets )NP )VP )S )PP )FRAG )ADJP )VP )S )SBAR )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP The new guidelines )NP (VP limit (NP (NP the *UNK *UNK )NP (PP of (NP (NP assets )NP (PP of (NP (NP *UNKED defendants )NP and (NP their investors , clients , bankers and others )NP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP This )NP (VP follows (NP (NP earlier new guidelines )NP (PP from (NP the Tax Division )NP )PP (VP *UNKING (NP *UNKC tax cases )NP (PP from (S (VP *UNKING (PP as (NP RICO cases )NP )PP )VP )S )PP )VP )NP )VP . )S  STOP
(S (NP The forfeiture memo )NP (VP cited `` (NP (NP considerable criticism )NP (PP in (NP the press )NP )PP )NP , (PP because of (NP a perception (SBAR that (S (NP (NP *UNK- *UNKING )NP (PP of (NP assets )NP )PP )NP (VP is (ADJP *UNK (PP to (NP (NP a *UNK )NP (PP of (NP property )NP )PP (PP without (NP due process )NP )PP )NP )PP )ADJP )VP )S )SBAR )NP )PP )VP . '' )S  STOP
(S (NP It )NP (VP told (NP prosecutors )NP (S (S not (VP to (VP seek (NP *UNK )NP (SBAR if (S (NP there )NP (VP are (NP (NP `` (ADJP less *UNK )ADJP '' alternatives )NP , (PP such as (NP bonds )NP )PP )NP )VP )S )SBAR )VP )VP )S , and (S (PP in (NP any case )NP )PP not (VP to (VP seek (NP (NP *UNK )NP `` (ADJP *UNK (PP to (NP (NP the defendant 's )NP crime )NP )PP )ADJP )NP )VP )VP )S )S )VP . '' )S  STOP
(S (NP These changes )NP (VP come (ADVP (NP a *UNK )NP late (PP for (NP (NP *UNKC )NP , (NP the first *UNKED securities firm )NP )NP )PP )ADVP )VP . )S  STOP
(S (NP It )NP (VP was (VP forced (PP into (NP liquidation )NP )PP (PP before (NP trial )NP )PP (SBAR (WHADVP when )WHADVP (S (NP investors )NP (VP *UNKED (NP their funds )NP (SBAR after (S (NP the government )NP (VP demanded (NP a huge *UNK- asset forfeiture )NP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP (NP *UNKC investors )NP , (PP including (NP (NP *UNKC & Co. )NP and (NP the Harvard *UNK )NP )NP )PP , )NP (VP made (NP the rational decision (S (VP to (VP withdraw (NP their money )NP )VP )VP )S )NP )VP )S ; (S (PP for (NP the firm )NP )PP , (NP the liquidation )NP (VP was (S (S (NP sentence )NP (ADVP first )ADVP )S , (S (NP verdict )NP (ADVP later )ADVP )S )S )VP )S . )S  STOP
(S (NP *UNKC )NP (VP wanted (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP forfeiture )NP )PP )NP (PP for (NP (NP alleged tax fraud )NP (PP of (NP (QP some $ 400,000 )QP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP (NP The experience )NP (PP of (NP *UNKC )NP )PP )NP and (NP (NP *UNK )NP (PP of (NP other *UNKC cases )NP )PP (PP against (NP legitimate businesses )NP )PP )NP )NP (VP *UNK (NP Drexel )NP (SBAR that (S (NP a *UNKED investment bank )NP (VP would (VP be (NP an *UNK- bank )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Drexel )NP (ADVP therefore )ADVP (VP agreed (ADVP instead )ADVP (PP to (NP (NP an arrangement )NP (VP allowing (S (NP it )NP (VP to (VP plea (PP to (NP (NP charges )NP `` (SBAR (WHNP which )WHNP (S (NP the company )NP (VP is not (PP in (NP a position (S (VP to (VP dispute )VP )VP )S )NP )PP '' (PP because of (NP RICO )NP )PP )VP )S )SBAR )NP )PP )VP )VP )S )VP )NP )PP )VP . )S  STOP
(S (NP (NP Part )NP (PP of (NP (NP Drexel 's )NP plea )NP )PP )NP (VP was (S (VP to (VP cut (NP Mr. *UNKC )NP (ADVP loose )ADVP )VP )VP )S )VP . )S  STOP
(S So (PP after (NP all the *UNK *UNK )NP )PP (NP no one )NP (VP has (VP established (SBAR (WHNP what )WHNP , (S (SBAR if (FRAG (NP anything )NP )FRAG )SBAR , (NP Drexel )NP (VP did (ADVP wrong )ADVP )VP )S )SBAR )VP )VP . )S  STOP
(FRAG So (NP (NP two *UNK )NP (PP for (NP the new rules )NP )PP )NP . )FRAG  STOP
(S (NP Justice )NP (VP has (ADVP finally )ADVP (VP recognized (NP (NP its employees ' )NP abuses )NP , (NP (NP thanks )NP (PP (ADVP largely )ADVP to (NP (NP the demands )NP (PP for (NP reform )NP )PP (PP by (NP (NP (NAC former U.S. attorney (PP in (NP Washington )NP )PP )NAC Joseph *UNK )NP , (SBAR (WHNP who )WHNP (S (VP wants (S (VP to (VP *UNK (NP RICO )NP (PP for (NP real criminals )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S But (NP *UNK guidelines )NP (VP are (ADJP effective )ADJP (SBAR (ADVP only )ADVP if (S (NP (NP someone )NP (PP at (NP Justice )NP )PP )NP (VP is (ADJP willing and able (S (VP to (VP *UNK (NP *UNK prosecutors )NP )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Judge *UNKC )NP , (PP of (NP (NP the appeals court )NP (PP in (NP Washington )NP )PP )NP )PP , )NP (VP made (NP this point )NP (PP at (NP a *UNKC Institute conference )NP )PP (NP last week )NP (PP in (NP (NP a remarkable speech )NP (VP *UNKED (S , `` (NP (NP RICO )NP : (NP (NP The *UNKC )NP (SBAR (WHNP That )WHNP (S (VP *UNKC (NP *UNKC )NP )VP )S )SBAR )NP )NP )S )VP )NP )PP )VP . '' )S  STOP
(S (NP He )NP (VP said (SBAR (S (S (NP *UNK )NP (VP is (VP supposed (S (VP to (VP be `` (NP (NP a government )NP (PP (PP of (NP (NP laws )NP )NP )PP not (PP of (NP men )NP )PP )PP )NP )VP )VP )S )VP )VP )S , '' and yet (S (NP RICO *UNK )NP `` (VP tell (NP us )NP (SBAR that (S (NP we )NP (VP should (VP rely (PP on (NP *UNK *UNK )NP )PP (S (VP to (VP protect (PP against (NP (NP *UNK )NP (PP of (NP RICO )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )S )S )SBAR )VP . '' )S  STOP
(S (NP (NP No *UNK guidelines )NP , (ADJP observed or *UNKED )ADJP , )NP (VP limit (NP (NP civil RICO cases )NP (PP by (NP plaintiffs )NP )PP (PP for (NP damages )NP )PP )NP )VP . )S  STOP
(FRAG (WHNP What )WHNP (ADVP now )ADVP (PP for (NP (NP *UNKC officials )NP , (NP Drexel )NP and (NP Mr. *UNKC )NP )NP )PP ? )FRAG  STOP
(S (NP Justice )NP (VP should (VP review (NP these cases )NP (S (VP to (VP see (SBAR (WHNP what )WHNP (S (NP other *UNK abuses )NP (VP may (VP have (VP occurred )VP )VP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (NP We )NP (VP suspect (SBAR that (S (NP Justice )NP (VP will (NP some day )NP (VP agree (SBAR that (S (NP (NP only the complete repeal )NP (PP of (NP RICO )NP )PP )NP (VP can (VP guarantee (NP (NP an end )NP (PP to (NP (NP *UNK )NP (PP in (NP its name )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP `` (NP The *UNKC Teddy *UNK )NP , '' (SBAR (WHNP which )WHNP (S (NP CBS Inc. )NP (VP had (VP hoped (SBAR (S (VP would (VP emerge (PP as (NP (NP one )NP (PP of (NP (NP the few bright spots )NP (PP in (NP its (ADJP otherwise lackluster )ADJP prime-time schedule )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP , (VP is n't (VP turning (PRT out )PRT (S (VP to (VP be (NP (NP the hit )NP (SBAR (S (NP the network )NP (VP *UNKED )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (SBAR Although (S (NP (NP the half-hour situation comedy )NP (VP seen (NP *UNKC )NP (PP at (NP *UNKN *UNK . (ADJP Eastern and Pacific )ADJP time )NP )PP )VP )NP (VP is n't (NP (NP a candidate )NP (PP for (NP *UNK )NP )PP )NP )VP )S )SBAR , (S (NP it )NP (VP is (VP slated (PP for (NP *UNKING )NP )PP )VP )VP )S and (S (PP by (NP next week )NP )PP (NP the network )NP (VP may (VP announce (SBAR (S `` (NP Teddy *UNK )NP '' (VP is (VP moving (PP to (NP *UNKN p.m. )NP )PP (PP from (NP its *UNKN time *UNK )NP )PP , (S (VP replacing (NP `` (NP The People Next *UNKC )NP , '' (SBAR (WHNP which )WHNP (S (VP became (NP (NP the first network show )NP (SBAR (S (VP to (VP be (VP canceled (NP this season )NP )VP )VP )VP )S )SBAR )NP )VP )S )SBAR )NP )VP )S )VP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (NP `` (NP Teddy Z )NP , '' (SBAR (WHNP which )WHNP (S (VP centers (PP on (NP (NP a *UNK *UNKED agent )NP (PP at (NP a Hollywood talent agency )NP )PP )NP )PP )VP )S )SBAR , )NP (VP was (VP scheduled (PP in (NP the *UNKED *UNKN p.m. *UNK )NP )PP (S (VP to (VP follow (NP `` (NP Murphy Brown )NP , '' (NP (NP a situation comedy )NP (PP about (NP a television news magazine )NP )PP , (VP *UNKING (NP *UNKC *UNKC )NP )VP )NP )NP )VP )VP )S )VP )VP . )S  STOP
(S `` (NP Teddy Z )NP '' (VP was (VP boosted (PP by (NP (NP favorable reviews )NP and (NP (NP a *UNK- promotional *UNK- contest )NP (PP with (NP K mart Corp )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP It )NP (VP (VP was (VP *UNKED (PP on (NP (NP cable services )NP , (PP including (NP (NP *UNKC )NP , (NP (NP *UNKC )NP (PP at (NP Night )NP )PP )NP and (NP *UNKC )NP )NP )PP , )NP )PP )VP )VP and (VP *UNKED (PP as (NP (NP the No. *UNKED show )NP (PP for (NP the week )NP )PP )NP )PP )VP )VP . )S  STOP
(S But (PP (NP five weeks )NP after (NP the *UNK )NP )PP , (NP the series )NP (VP has (VP *UNKED )VP )VP . )S  STOP
(S (PP In (NP (NP figures )NP (VP released (NP yesterday )NP (PP by (NP *UNKC *UNKC Co . )NP )PP )VP )NP )PP `` (NP Teddy Z )NP , '' (S (VP produced (PP by (NP (NP the television unit )NP (PP of (NP Columbia Pictures Entertainment Inc. )NP )PP )NP )PP )VP )S , (VP was (PP in (NP *UNK place )NP )PP )VP . )S  STOP
(S (ADVP *UNKC )ADVP , (S (NP every week )NP (NP it )NP (VP *UNK (NP (NP audience *UNK- )NP (PP from `` (NP Murphy Brown )NP '' )PP )NP )VP )S and (S (NP (NP *UNK )NP (PP on (NP CBS )NP )PP )NP (VP picks (PRT up )PRT (ADVP again )ADVP (SBAR once (S `` (NP Teddy Z )NP '' (VP (VP is (ADVP over )ADVP )VP and (VP is (VP followed (PP by `` (NP *UNKING *UNKC )NP )PP )VP )VP )VP )S )SBAR )VP )S . '' )S  STOP
(SINV `` (S (NP There )NP (VP is (NP strong indication (SBAR that (S ` (NP Teddy Z )NP ' (VP is not (ADJP *UNK (PP with (NP (NP the shows )NP (SBAR (S (NP it )NP (VP is (VP surrounding )VP )VP )S )SBAR )NP )PP )ADJP )VP )S )SBAR )NP )VP )S , '' (VP said )VP (NP (NP John *UNKC )NP , (NP (NP senior vice president )NP (PP at (NP (NP J. Walter Thompson Co. )NP , (NP (NP a unit )NP (PP of (NP WPP Group PLC )NP )PP )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP Last week )NP , `` (NP Murphy Brown )NP '' (VP was (VP viewed (PP by (NP (NP *UNKN % )NP (PP of (NP the available television households )NP )PP )NP )PP , (SBAR while (S (NP the number )NP (VP (VP dropped (PP to (NP *UNKN % )NP )PP (PP for `` (NP Teddy Z )NP '' )PP )VP and (VP rose (PP to (NP *UNKN % )NP )PP (PP for `` (NP *UNKING *UNKC )NP )PP )VP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP CBS executives )NP (VP said (SBAR (S (NP the program )NP (VP is (ADVP also )ADVP (VP slated (S (VP to (VP *UNK (NP some plot changes )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (S (S (NP *UNKC *UNKC Wilson )NP , (PP for (NP example )NP )PP , (VP included (NP (NP the lead character 's )NP *UNKC family )NP (PP in (NP the cast )NP )PP )VP )S , `` but (S (NP that )NP (VP is not (NP the right focus )NP (ADVP anymore )ADVP )VP )S )S , '' (VP said )VP (NP one CBS executive )NP . )S  STOP
(S (ADVP Instead )ADVP , (NP CBS )NP (VP hopes (SBAR (S (NP the show )NP (VP will (ADVP increasingly )ADVP (VP *UNK (NP (NP the talent agency )NP and (NP (NP the business )NP (PP of (S (VP being (NP an agent )NP )VP )S )PP )NP )NP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP We )NP (VP 're (VP making (NP (NP adjustments )NP )NP (PP on (NP the show )NP )PP (PRN , (INTJ yes )INTJ , )PRN (FRAG but (NP (NP nothing )NP (ADJP radical )ADJP )NP )FRAG )VP )VP )S , '' (VP said )VP (NP (NP Craig Nelson )NP , (NP (NP the story consultant )NP (PP on `` (NP Teddy Z )NP )PP )NP )NP . '' )SINV  STOP
(S `` But (NP we )NP (VP hope (S (VP to (VP keep (NP (NP a balance )NP (PP between (NP (NP the office )NP and (NP the family )NP )NP )PP )NP )VP )VP )S )VP . '' )S  STOP
(S (NP The opening credits )NP (VP are (VP being (VP *UNK (PRN , (S (NP Mr. Nelson )NP (VP said )VP )S , )PRN `` (S (VP to (VP make (S (NP (NP Teddy 's )NP situation )NP (ADJP clear (PP to (NP (NP viewers )NP (SBAR (WHNP who )WHNP (S (VP have not (VP been (PP with (NP us )NP )PP (PP since (NP the beginning )NP )PP )VP )VP )S )SBAR )NP )PP )ADJP )S )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP Those viewers )NP (VP find (S (NP the show )NP (ADJP confusing )ADJP )S )VP . )S  STOP
(S (NP (NP The stock market 's )NP *UNK )NP (VP (VP *UNKED (NP currency traders )NP )VP but (VP prompted (NP (NP a quiet little party )NP (PP among (NP bond investors )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Prices )NP (PP of (NP long-term Treasury bonds )NP )PP )NP (VP moved (ADVP *UNKLY (PP to (NP the stock market )NP )PP )ADVP (SBAR as (S (NP investors )NP (VP sought (NP safety )NP (PP amid (NP growing evidence (SBAR (S (NP the economy )NP (VP is (VP weakening )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP the *UNK economic outlook )NP and (NP the volatile stock market )NP )NP (VP forced (NP the dollar )NP (ADVP lower (PP against (NP major currencies )NP )PP )ADVP )VP . )S  STOP
(S (NP The bond market )NP (VP got (NP an early boost )NP (PP from (NP (NP the *UNK- sell-off )NP (PP in (NP stocks )NP )PP )NP )PP )VP . )S  STOP
(S (NP That *UNK )NP (VP was (VP triggered (PP by (NP (NP (NP UAL Corp. 's )NP announcement )NP (NP late Monday )NP (SBAR that (S (NP the proposed *UNK- buy-out )NP (VP had (VP collapsed )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP The *UNK- decline )NP (PP in (NP the Dow Jones Industrial Average )NP )PP (PP during (NP the morning trading session )NP )PP )NP (VP *UNKED (PRT off )PRT (NP (NP (NP a flight )NP (PP to (NP safety )NP )PP )NP (SBAR (WHNP that )WHNP (S (VP saw (S (NP investors )NP (VP shifting (NP assets )NP (PP from (NP stocks )NP )PP (PP to (NP Treasury bonds )NP )PP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (PP At (NP its strongest )NP )PP , (NP (NP the Treasury 's )NP benchmark 30-year bond )NP (VP rose (NP (NP (NP more )NP (PP than (NP a point )NP )PP )NP , or (NP (NP (QP more than $ 10 )QP )NP (PP for (NP each (ADJP $ 1,000 )ADJP face amount )NP )PP )NP )NP )VP . )S  STOP
(S (SBAR As (S (NP the stock market )NP (VP recovered (NP (NP some )NP (PP of (NP its losses )NP )PP )NP (ADVP later (PP in (NP the day )NP )PP )ADVP )VP )S )SBAR , (NP bond prices )NP (VP *UNKED )VP . )S  STOP
(S But (NP analysts )NP (VP said (SBAR (S (NP (NP the combination )NP (PP of (NP (NP (NP a second consecutive decline )NP (PP in (NP monthly *UNK- orders )NP )PP )NP and (NP lackluster mid-October auto sales )NP )NP )PP )NP (VP helped (S (VP *UNK (PRT up )PRT (NP the Treasury market )NP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A slowing economy )NP and (NP (NP the *UNK )NP (PP of (NP lower inflation and interest rates )NP )PP )NP )NP (VP tend (S (VP to (VP bolster (NP bond prices )NP )VP )VP )S )VP . )S  STOP
(S (PP On (NP the surface )NP )PP , (NP (NP (NP the decline )NP (PP in (NP September durable goods )NP )PP )NP (PRN -- (NP (QP only 0.1 )QP % )NP -- )PRN )NP (VP did n't (VP appear (ADJP very weak )ADJP )VP )VP . )S  STOP
(S But (NP (NP (NP orders )NP (PP for (NP *UNK- capital goods )NP )PP )NP , (NP (NP a *UNK )NP (PP of (NP future plant and equipment spending )NP )PP )NP , )NP (VP were (ADJP off (NP 5.6 % )NP )ADJP (PP after (S (VP falling (NP *UNKN % )NP (PP in (NP August )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP *UNKC makers )NP (VP reported (SBAR that (S (NP mid-October sales )NP (VP were (VP running (PP at (NP (NP an annual rate )NP (PP of (NP (NP (QP about 5.8 million )QP units )NP , (ADJP (ADJP far less )ADJP (PP than (NP (NP the (QP 6.6 million )QP units )NP (SBAR (S (NP analysts )NP (VP had (VP expected )VP )VP )S )SBAR )NP )PP )ADJP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (VP *UNKC (ADVP together )ADVP )VP )S , (NP the *UNK- and *UNK- reports )NP (VP confirmed (NP perceptions (SBAR that (S (NP the economy )NP (VP is (VP *UNKING (PRT down )PRT )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (SBAR Although (S (NP analysts )NP (VP do n't (VP expect (S (NP the Federal Reserve )NP (VP to (VP ease (NP credit policy )NP (ADVP soon )ADVP )VP )VP )S )VP )VP )S )SBAR , (NP (NP reports )NP (PP like (NP (NP those )NP (NP yesterday )NP )NP )PP )NP (VP help (S (VP build (NP (NP the case )NP (PP for (NP lower rates )NP )PP )NP )VP )S )VP . )S  STOP
(S (ADVP Now )ADVP (NP bond investors )NP (VP are (VP looking (PP toward (NP (NP (NP (NP next week 's )NP report )NP (PP from (NP national purchasing managers )NP )PP )NP and (NP (NP the government 's )NP October employment report )NP )NP )PP (PP as (S (ADVP potentially )ADVP (VP prompting (S (NP the Fed )NP (VP to (VP lower (NP rates )NP )VP )VP )S )VP )S )PP )VP )VP . )S  STOP
(S (NP (NP The stock market 's )NP *UNK drop )NP (VP *UNKED (NP (NP foreign investors )NP , (SBAR (WHNP who )WHNP (S (ADVP quickly )ADVP (VP bid (NP the dollar )NP (ADVP lower )ADVP )VP )S )SBAR )NP )VP . )S  STOP
(SINV But (SBAR as (S (NP stock prices )NP (VP recovered (NP (NP some )NP (PP of (NP the early losses )NP )PP )NP )VP )S )SBAR , (ADVP so )ADVP (VP did )VP (NP the U.S. currency )NP . )SINV  STOP
(S (SBAR Although (S (NP dealers )NP (VP said (SBAR (S (NP investors )NP (VP are (VP becoming (ADJP more bearish (PP toward (NP the dollar )NP )PP )ADJP (UCP (PP in (NP (NP the wake )NP (PP of (NP (NP the stock market 's )NP recent troubles )NP )PP )NP )PP and (SBAR as (S (NP the U.S. economy )NP (VP *UNK )VP )S )SBAR )UCP )VP )VP )S )SBAR )VP )S )SBAR , (NP the dollar )NP (VP ended (ADVP down (ADVP only modestly )ADVP )ADVP )VP . )S  STOP
(S (PP In (NP major market activity )NP )PP : (NP Bond prices )NP (VP rose )VP . )S  STOP
(S (NP (NP The Treasury 's )NP benchmark 30-year bond )NP (VP gained (NP (NP nearly half a point )NP , or (NP (NP (QP about $ 5 )QP )NP (PP for (NP each (ADJP $ 1,000 )ADJP face amount )NP )PP )NP )NP )VP . )S  STOP
(S (NP (NP The yield )NP (PP on (NP the issue )NP )PP )NP (VP slipped (PP to (NP *UNKN % )NP )PP )VP . )S  STOP
(S (NP The dollar )NP (VP *UNKED )VP . )S  STOP
(S (PP In (NP late New York trading )NP )PP (NP the currency )NP (VP was (VP quoted (PP at (NP (NP *UNKN marks )NP and (NP 141.45 yen )NP )NP )PP , (PP compared (PP with (NP (NP (NP *UNKN marks )NP and (NP 141.90 yen )NP )NP (NP Monday )NP )NP )PP )PP )VP )VP . )S  STOP
(S `` (NP (NP *UNKC )NP (PP of (NP the Rich and *UNKC )NP )PP )NP '' (VP may (VP be (VP *UNKING (NP some new *UNK )NP (PP in (NP the near future )NP )PP )VP )VP )VP . )S  STOP
(S (NP Judge Robert (PRN -LRB- `` *UNKC Bob '' -RRB- )PRN *UNKC )NP (VP sentenced (NP Jim *UNKC )NP (PP to (NP (NP 45 years )NP (PP in (NP the big house )NP )PP )NP )PP (NP yesterday )NP , (SBAR while (S (NP a Beverly Hills judge )NP (VP *UNKED (PRT away )PRT (NP *UNKC *UNKC *UNKC )NP (PP for (NP (NP three days )NP , plus (NP (NP 120 hours )NP (PP of (NP (NP work )NP (PP with (NP *UNK women )NP )PP )NP )PP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Miss *UNKC )NP (VP *UNKED (NP (NP her *UNKED fear )NP (PP of (NP *UNK *UNK )NP )PP )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP he )NP (VP was (ADJP guilty (PP of (NP (NP *UNK )NP but not (NP fraud )NP )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP We )NP (VP can (ADVP only )ADVP (VP wonder (SBAR (WHNP who )WHNP (S (VP will (VP be (NP (NP the next lost *UNK )NP (VP chosen (S (VP to (VP be (NP (NP America 's )NP *UNKC *UNKC )NP )VP )VP )S )VP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Boeing Co. )NP (VP said (SBAR (S (NP Trans European Airways )NP (VP ordered (NP (NP (QP a dozen )QP *UNKN *UNK )NP (VP valued (PP at (NP (NP a total )NP (PP of (NP (QP about $ 450 million )QP )NP )PP )NP )PP )VP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The 300 and 400 series aircraft )NP (VP will (VP be (VP *UNKED (PP by (NP (NP engines )NP (VP (ADVP jointly )ADVP produced (PP by (NP (NP General Electric Co. )NP and (NP (NP *UNKC )NP (PP of (NP France )NP )PP )NP )NP )PP )VP )NP )PP )VP )VP )VP . )S  STOP
(S (ADVP Currently )ADVP , (S (NP Boeing )NP (VP has (NP (NP a backlog )NP (PP of (NP (QP about $ 80 billion )QP )NP )PP )NP )VP )S , but (S (NP production )NP (VP has (VP been (VP slowed (PP by (NP (NP (NP a strike )NP (PP of (NP *UNKN machinists )NP )PP )NP , (SBAR (WHNP which )WHNP (S (VP entered (NP its *UNK day )NP (NP today )NP )VP )S )SBAR )NP )PP )VP )VP )VP )S . )S  STOP
(S (NP Last week )NP , (NP a mediator )NP (VP failed (S (VP to (VP *UNK (NP (NP talks )NP (PP between (NP (NP the company )NP and (NP (NP the *UNK )NP , (SBAR (WHNP who )WHNP (S (VP have (VP rejected (NP (NP a pay raise offer )NP (PP of (NP (NP 10 % )NP (PP over (NP three years )NP )PP )NP )PP )NP )VP )VP )S )SBAR )NP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP (NP the good *UNK )NP (VP assigned (PP to (NP *UNKC )NP )PP )VP )NP (VP *UNKED (PP over (NP (NP the *UNK )NP (PP of (NP *UNKC *UNKC )NP )PP )NP )PP (ADVP (NP many years )NP ago )ADVP (PP in (NP *UNKC )NP )PP )VP )S )SBAR , (NP she )NP (VP *UNKED (NP her )NP (PP with (NP (NP high *UNK *UNK )NP , (NP *UNKING *UNK )NP , (NP clean *UNK )NP , and (NP (NP *UNK *UNK )NP (ADJP (ADJP *UNK )ADJP (PP as (NP *UNK *UNK )NP )PP )ADJP )NP )NP )PP )VP . )S  STOP
(S (ADVP Maybe )ADVP (NP she )NP (VP could (VP (VP drop (PRT by )PRT (PP at (NP the Metropolitan *UNKC )NP )PP )VP and (VP bring (ADVP (PRT along )PRT )ADVP (NP (SBAR (WHNP what )WHNP (S (NP she )NP (VP *UNK )VP )S )SBAR , (NP (NP a little *UNK )NP , (NP (NP a few *UNK )NP (PP of (NP *UNK skills )NP )PP )NP and (NP a nice *UNK )NP )NP )NP )VP )VP )VP . )S  STOP
(S (S (VP *UNKC (PP as (NP *UNKC *UNKC )NP )PP (PP in (NP (NP a new production )NP (PP of (NP (NP *UNKC 's )NP `` (NP La *UNKC )NP )NP )PP )NP )PP )VP )S , '' (NP Ms. *UNKC )NP (NP last week )NP (VP (VP did (NP many things )NP (ADVP *UNKLY )ADVP )VP and (VP (NP others )NP (ADVP not so well )ADVP )VP )VP . )S  STOP
(S (NP It )NP (VP is n't (NP every day )NP (SBAR that (S (NP we )NP (VP hear (NP (NP a *UNKC )NP (SBAR (WHNP who )WHNP (S (VP can (VP *UNKING (NP (NP the first act 's )NP *UNKING music )NP (SBAR with (S (NP all the little notes )NP (VP (VP (ADVP perfectly )ADVP *UNKED )VP and (VP (ADVP *UNKLY )ADVP *UNKED (ADVP together )ADVP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(SINV (ADVP Never once )ADVP did (NP she )NP (VP (VP *UNK (PP for (NP air )NP )PP )VP or (VP *UNK (NP her *UNK )NP )VP )VP . )SINV  STOP
(S (NP She )NP (VP was (ADJP (ADJP as cool )ADJP (PP as (NP a *UNK )NP )PP )ADJP )VP . )S  STOP
(S But (SBAR as (S (NP you )NP (VP may (VP know )VP )VP )S )SBAR , (NP things )NP (VP are not (VP going (ADVP well )ADVP (PP for (NP *UNKC )NP )PP )VP )VP . )S  STOP
(S (NP There )NP (VP are (NP (NP times )NP (SBAR (WHADVP when )WHADVP (S (NP she )NP (VP must (VP show (NP a little *UNK )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP She )NP (VP has (NP (NP *UNK )NP (PRN , (PP after (NP all )NP )PP , )PRN and (NP a *UNKED *UNK )NP )NP )VP )S ; and (S (SBAR though (FRAG (NP a successful *UNK )NP )FRAG )SBAR , (NP she )NP (VP is (ADJP (ADVP just about )ADVP *UNK )ADJP (PP at (NP the bank )NP )PP )VP )S . )S  STOP
(S (ADVP *UNKC )ADVP , (NP her walls )NP (VP move (NP all the time )NP -- (PP (ADVP at least )ADVP in (NP this production )NP )PP )VP . )S  STOP
(S (S (SBAR (ADVP Just )ADVP (WHADVP when )WHADVP (S (NP Ms. *UNKC )NP (VP sat (PRT down )PRT (ADVP away (PP from (NP her *UNK )NP )PP )ADVP (S (VP to (VP cough (PP in (ADJP private )ADJP )PP )VP )VP )S )VP )S )SBAR , (NP her *UNK )NP (VP began (S (VP *UNKING (PP around (NP the stage )NP )PP )VP )S )VP )S ; (S (NP her country *UNK )NP (ADVP also )ADVP (VP has (NP (NP a (ADJP very active )ADJP set )NP (PP of (NP *UNK )NP )PP )NP )VP )S . )S  STOP
(S (S (VP *UNKC (PP on (PP to (NP those *UNK *UNK )NP )PP )PP )VP )S ! (NP you )NP (VP wanted (S (VP to (VP caution (NP her )NP )VP )VP )S (SBAR as (S (NP the sets )NP (VP started (S (VP to (VP roll (ADVP around )ADVP (ADVP once more )ADVP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP This )NP (VP is (NP (NP the (ADJP most moving )ADJP `` (NX *UNKC )NX '' )NP (SBAR (S (NP I )NP (VP 've (ADVP ever )ADVP (VP seen )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP *UNKC )NP (VP can (VP go (PP about (NP her business )NP )PP (PP without (S (VP wondering (SBAR whether (S (NP she )NP (VP is (VP moving (ADVP (ADVP as *UNKLY )ADVP (PP as (NP the *UNK )NP )PP )ADVP )VP )VP )S )SBAR )VP )S )PP )VP )VP . )S  STOP
(S But (NP this )NP (VP is (NP (NP a production )NP (VP (VP designed and directed (PP by (NP *UNKC *UNKC )NP )PP )VP and (VP paid (PP for )PP (PP by (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP has (NP no need (S (VP to (VP count (NP her *UNK )NP )VP )VP )S )NP , (PP unlike (NP (NP *UNKC )NP , (ADJP down (PP to (NP 20 *UNK )NP )PP )ADJP (PP at (NP (NP the *UNK 's )NP end )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP )VP )NP )VP . )S  STOP
(S (S (VP *UNKING (S (NP all those millions )NP (PP in (NP action )NP )PP )S )VP )S , (NP I )NP (VP was (ADJP just so *UNKED (SBAR that (S (NP (NP Ms. *UNKC )NP , (NP (NP *UNK thing )NP (SBAR (WHNP that )WHNP (S (NP she )NP (VP is )VP )S )SBAR )NP , )NP (VP did n't (VP (ADVP *UNKLY )ADVP *UNK (NP herself )NP (PP in (NP a *UNK )NP )PP )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (S (ADJP Large and *UNK )ADJP )S , `` (NP *UNKC )NP '' (VP is (NP (NP another addition )NP (PP to (NP (NP (NP the *UNKC 's )NP growing stock )NP (PP of (NP (NP *UNK- *UNK )NP (PP (ADVP mostly )ADVP by (NP Mr. *UNKC )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP They )NP (VP (VP have (NP (NP a life )NP (PP of (NP their own )NP )PP )NP )VP and (VP can (VP be (VP counted (PRT on )PRT (S (VP to (VP (VP look (ADJP good )ADJP )VP and (VP perform (SBAR (WHADVP whenever )WHADVP (S (NP a cast )NP (VP is n't (PP up (PP to (NP either )NP )PP )PP )VP )S )SBAR )VP )VP )VP )S )VP )VP )VP )VP . )S  STOP
(S (SBAR If (S (NP a strike )NP (ADVP ever )ADVP (VP hits (NP the *UNKC )NP )VP )S )SBAR , (NP the company )NP (VP can (ADVP still )ADVP (VP (VP sell (NP (NP tickets )NP (PP to (NP his (NX `` (NX *UNKC )NX '' and `` (NX *UNKC )NX '' )NX )NP )PP )NP )VP and (VP boom (ADVP out )ADVP (NP (NP *UNK )NP (PRN -LRB- (PP of (NP another era )NP )PP -RRB- )PRN )NP )VP )VP )VP . )S  STOP
(S (NP (NP Last week 's )NP *UNKING audience )NP (VP gave (NP (NP a bigger hand )NP )NP (PP to (NP a greenhouse )NP )PP (PP than (PP to (NP (NP the *UNK *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP *UNK (NP an *UNK )NP (PP inside (NP it )NP )PP )VP )S )SBAR )NP )PP )PP )VP . )S  STOP
(S (S (VP (ADVP *UNKLY )ADVP *UNKED (PP as (NP a *UNK student )NP )PP )VP )S , (S (VP *UNKING (ADVP around )ADVP (PP on (NP *UNK )NP )PP )VP )S , (NP Mr. *UNKC )NP (ADVP hardly )ADVP (VP seemed (NP (NP the fellow )NP (SBAR (S (VP to (VP catch (NP (NP a fancy *UNK 's )NP eye )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP I )NP (VP wish (SBAR (S (NP he )NP (VP could (VP wear (NP *UNK )NP (PP in (NP his voice )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP (ADVP Not nearly )ADVP in (NP his best form )NP )PP , (NP the *UNK )NP (VP made (NP *UNK sounds )NP (PP along (PP with (NP his usual *UNK hand *UNK )NP )PP )PP )VP . )S  STOP
(S (ADVP Maybe )ADVP (NP Mr. *UNK )NP (VP was (ADJP too busy (S (VP *UNKING (NP his set )NP )VP )S (SBAR (S (VP to (VP work (PP with (NP his (ADJP naturally *UNKLY )ADJP *UNKC )NP )PP )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(SQ Or is (NP it )NP (SBAR that (S (NP Mr. *UNK )NP (VP is (VP getting (ADJP (NP a little )NP *UNKED (PP of `` (NP *UNKC )NP '' )PP )ADJP )VP )VP )S )SBAR ? )SQ  STOP
(S (S (NP This )NP (VP is (NP (NP the same production )NP (VP (ADVP already )ADVP seen (PP in (NP Paris and *UNKC )NP )PP )VP )NP )VP )S , and (S (NP its *UNK ideas )NP (VP *UNK (NP (NP the movie )NP (SBAR (S (NP he )NP (VP made (PP with (NP (NP *UNKC *UNKC )NP and (NP *UNKC *UNKC )NP )NP )PP )VP )S )SBAR )NP )VP )S . )S  STOP
(S (ADVP (NP *UNKC )NP earlier )ADVP , (NP *UNKC *UNKC )NP (VP *UNK (NP (NP the Dallas *UNKING )NP (SBAR (WHNP that )WHNP (S (VP introduced (NP the *UNK idea )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (NP (NP an *UNK )NP (SBAR (WHNP that )WHNP (S (VP drives (S (NP *UNKC *UNK )NP (ADJP *UNK )ADJP )S )VP )S )SBAR )NP )PP , (NP *UNKC )NP (VP lies (S (VP *UNKING (PP in (NP bed )NP )PP )VP )S (PP during (NP the *UNK )NP )PP , (S (VP rising (ADVP *UNKLY )ADVP (SBAR (WHADVP when )WHADVP (S then (NP she )NP (VP *UNK (NP (NP the great parties )NP (SBAR (S (NP she )NP (VP used (S (VP to (VP throw )VP )VP )S )VP )S )SBAR )NP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP The entire *UNK )NP (VP is (NP her dream )NP )VP . )S  STOP
(S (PP Given (NP (NP (NP the prelude 's )NP *UNK *UNK )NP (PP with (NP (NP the music )NP (VP *UNKING (NP the last act )NP )VP )NP )PP )NP )PP , (NP the idea )NP (VP is (ADJP (ADJP more *UNK )ADJP (PP than (ADJP bad )ADJP )PP )ADJP , (SBAR though (S (SBAR as (S (NP *UNK )NP (VP would (VP have (NP it )NP )VP )VP )S )SBAR , (PP for (NP a change )NP )PP (NP there )NP (ADVP actually )ADVP (VP was (NP (NP (NP a *UNK )NP (PP in (NP the pit )NP )PP (SBAR (WHNP whom )WHNP (S (NP we )NP (VP wanted (S (VP to (VP hear )VP )VP )S )VP )S )SBAR )NP , (NP Carlos *UNKC )NP , (VP trying (S (VP to (VP make (NP *UNK music )NP (SBAR while (S (NP we all )NP (VP waited (PP for (S (NP the bed *UNK )NP (VP to (VP *UNK (PP into (NP song )NP )PP )VP )VP )S )PP )VP )S )SBAR )VP )VP )S )VP )NP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Once (S (NP she )NP (VP did (ADVP so )ADVP )VP )S )SBAR , (NP (NP the *UNKED German *UNK )NP (PP with (NP the *UNK nerves )NP )PP (SBAR (WHNP who )WHNP (S (ADVP so often )ADVP (VP *UNK )VP )S )SBAR )NP (VP offered (NP (NP a *UNK , *UNKING performance )NP (SBAR (WHNP that )WHNP (S (PP in (NP its (ADJP *UNKED and *UNKING )ADJP approach )NP )PP (VP was (PP (ADVP totally )ADVP at (NP (NP odds )NP (PP with (NP the *UNKING )NP )PP )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (PP Of (NP *UNKING moments )NP )PP (NP there )NP (VP were (NP nearly none )NP )VP )S , and (S (SBAR whether (S (NP this )NP (VP has (S (VP to (VP do (PP with (NP (NP Mr. *UNKC )NP or (NP the *UNK cast )NP )NP )PP )VP )VP )S )VP )S )SBAR (VP is (ADJP hard (SBAR (S (VP to (VP say )VP )VP )S )SBAR )ADJP )VP )S . )S  STOP
(S (PP In (NP any event )NP )PP , (NP Ms. *UNKC )NP (VP (ADVP barely )ADVP *UNKED (NP (NP Violetta 's )NP *UNK )NP (PP in (NP (NP her long meeting )NP (PP with (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (PP as (NP *UNKC )NP )PP (VP seemed (ADJP fairly desperate )ADJP (S (VP trying (S (VP to (VP *UNK (NP an *UNKC *UNK )NP (PP into (NP his heavy , *UNK *UNK )NP )PP )VP )VP )S )VP )S )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S `` (NP *UNK *UNKC )NP '' (VP was n't (NP (NP much )NP (PP of (NP (NP an *UNK )NP (PP for (NP *UNK , southern France )NP )PP )NP )PP )NP )VP . )S  STOP
(S (ADVP Perhaps )ADVP (NP Mr. *UNKC )NP (VP could (VP let (S (NP him )NP (VP substitute (NP (NP one )NP (PP of (NP (NP the *UNK )NP (PP about (NP (NP dead children )NP and (NP dark nights )NP )NP )PP (PP from (NP (NP *UNKC 's )NP `` (NX *UNKC )NX )NP )PP )NP )PP )NP )VP )S )VP )VP . '' )S  STOP
(S (S (VP *UNKING (PP of (NP dark nights )NP )PP )VP )S , (NP (NP (NP the *UNKC 's )NP *UNK- *UNK )NP , (NP the New York City *UNKC )NP , )NP (VP has (VP canceled (NP its season )NP (PP after (S (VP failing (S (VP to (VP reach (NP a settlement )NP (PP with (NP (NP its *UNK )NP , (SBAR (WHNP who )WHNP (S (VP wanted (NP (NP pay parity )NP (PP with (NP the the Chicago *UNKC and San Francisco *UNKC *UNK )NP )PP )NP )VP )S )SBAR )NP )PP )VP )VP )S )VP )S )PP )VP )VP . )S  STOP
(S (ADVP Well )ADVP , (NP they )NP (VP can (ADVP now )ADVP (VP (VP go )VP and (VP *UNK (ADVP there )ADVP )VP )VP )VP . )S  STOP
(INTJ Good *UNK . )INTJ  STOP
(S (NP *UNKC sense )NP (VP suggests (SBAR that (S (NP (NP people )NP (SBAR (WHNP who )WHNP (S (VP play (PP for (NP (NP a company )NP (SBAR (WHNP that )WHNP (S (VP charges (SBAR (QP about half )QP (WHNP what )WHNP (S (NP those houses )NP (VP do (VP (PP for (NP a ticket )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )S )SBAR )NP (VP are not (PP in (NP the same market )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNK )NP (VP *UNK (ADVP *UNKLY )ADVP (PP for (NP (NP a company )NP (ADJP already *UNK (PP with (NP (NP an identity crisis )NP (VP *UNKED (PP by (NP (NP (NP the retirement )NP (PP of (NP general director Beverly *UNKC )NP )PP )NP and (NP (NP the *UNKING appointment )NP (PP of (NP Christopher *UNKC )NP )PP (PP as (NP her successor )NP )PP (PP after (NP (NP his years )NP (PP of (NP (NP *UNK *UNKING )NP (PP in (NP the pit )NP )PP )NP )PP )NP )PP )NP )NP )PP )VP )NP )PP )ADJP )NP )PP )VP . )S  STOP
(S (SBAR As (S (NP the Met )NP (VP discovered (ADVP (NP years )NP ago )ADVP (PP following (NP a *UNKED December opening )NP )PP )VP )S )SBAR , (NP (NP it )NP )NP (VP is (ADJP nearly impossible )ADJP (S (VP to (VP *UNK (NP subscribers )NP (SBAR once (S (NP they )NP (VP have (VP had (NP (NP time )NP (SBAR (S (VP to (VP *UNK (NP their entertainment choices )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP I )NP , (PP for (NP instance )NP )PP , (VP was (ADJP perfectly happy )ADJP (PP at (NP Avery Fisher Hall )NP )PP (NP the other day )NP (S (VP listening (PP to (S (NP *UNKC *UNKING )NP (VP conduct (NP (NP the *UNKC per *UNKC )NP , (NP (NP a strange piece )NP (VP written (PP by (NP 13 different Italian *UNK )NP )PP (S (VP to (VP honor (NP *UNKC )NP (PP after (NP (NP his death )NP (PP in (NP *UNKN )NP )PP )NP )PP )VP )VP )S )VP )NP )NP )VP )S )PP )VP )S )VP . )S  STOP
(S (NP (NP Each )NP (PP of (NP them )NP )PP )NP (VP contributed (NP a section )NP (PP at (NP (NP the *UNK )NP (PP of (NP (NP *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP was (ADVP nearly )ADVP (VP driven (PP to (NP his own early *UNK )NP )PP (PP by (NP the *UNK arrangements )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (PP For (NP all that )NP )PP , (NP the piece )NP (VP *UNKED (S (ADJP *UNKED )ADJP )S (PP in (NP a *UNK *UNK )NP )PP (SBAR after (S (NP *UNKC )NP (VP refused (S (VP to (VP supply (NP a *UNK and *UNK )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP We )NP (VP know (SBAR (S (NP (NP *UNKC 's )NP own contribution )NP (VP was (ADJP *UNK impressive )ADJP )VP )S )SBAR (SBAR since (S (NP the *UNK `` (NX *UNKC me )NX '' )NP (VP was (VP *UNKED (PP for (NP (NP the *UNKC *UNKC )NP , (SBAR (WHPP of (WHNP which )WHNP )WHPP (S (NP he )NP (VP wrote (NP every note )NP (NP himself )NP (S (VP having (VP learned (NP his lesson )NP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The surprising discovery )NP (PP of (NP (NP the evening )NP (PP at (NP Fisher )NP )PP )NP )PP )NP (VP was (NP (NP the high standard )NP (VP achieved (PP by (NP (NP (NP some )NP (PP of (NP his *UNK- colleagues )NP )PP )NP , notably (NP *UNKC *UNKC )NP )NP )PP )VP )NP )VP . )S  STOP
(S (NP His *UNK `` (NX *UNKC )NX '' )NP (VP was (VP (ADVP smoothly )ADVP *UNK (PP by (NP *UNK Brian *UNKC )NP )PP )VP )VP . )S  STOP
(S (ADVP Also )ADVP , (NP (NP *UNKC *UNKC 's )NP `` (NX *UNKC *UNK )NX '' )NP (VP was (VP (VP (ADVP *UNKLY )ADVP *UNKED )VP and (VP (ADVP *UNKLY )ADVP put (PRT across )PRT (PP by (NP Mr. *UNKING )NP )PP )VP )VP )VP . )S  STOP
(S (NP He )NP (VP brought (PRT along )PRT (NP (NP his *UNKED *UNKC *UNKC *UNK )NP , and (ADVP even better )ADVP , (NP the *UNKC *UNK *UNKC *UNKC )NP )NP )VP . )S  STOP
(S (NP She )NP (VP was (PP in (NP her (ADJP most *UNK , *UNK )ADJP voice )NP )PP )VP . )S  STOP
(S (ADVP Maybe )ADVP (NP she )NP (VP could (VP (VP step (PP across (NP the *UNK )NP )PP (PP to (NP (NP the Met )NP -- (SBAR (WHADVP where )WHADVP (S (NP she )NP (VP has (ADVP still )ADVP (S (VP to (VP make (NP her debut )NP )VP )VP )S )VP )S )SBAR -- )NP )PP )VP and (VP help (PRT out )PRT (NP her *UNKC *UNK )NP (PP by (S (VP *UNKING (NP (NP the slow parts )NP (PP of `` (NP *UNKC )NP )PP )NP )VP )S )PP )VP )VP )VP . '' )S  STOP
(S (S (NP The Tokyo International *UNKC *UNKC )NP (VP was (NP (NP no match )NP (PP for (NP the *UNKC Film *UNKC )NP )PP (PP in (NP (NP terms )NP (PP of (NP *UNK )NP )PP )NP )PP )NP )VP )S , but (S (S (NP it )NP (VP made (NP its mark )NP )VP )S : (S (NP It )NP (VP awarded (NP (NP the largest cash *UNK )NP (PP of (NP any film *UNK )NP )PP (PP to (NP (ADJP young and *UNK- )ADJP film makers )NP )PP )NP )VP )S )S . )S  STOP
(S (PP At (NP (NP (NP this year 's )NP event )NP , (NP (NP the third )NP (SBAR since (S (NP the *UNK )NP (VP got (PP under (NP way )NP )PP (PP in (NP 1985 )NP )PP )VP )S )SBAR )NP , )NP )PP (NP (NP *UNKC *UNKC )NP (PP of (NP *UNKC *UNKC )NP )PP )NP (VP won (NP (NP the *UNKC Gold *UNK )NP (PP of (NP $ *UNKN )NP )PP )NP (PP for (NP `` (NP *UNKC )NP '' (PRN -LRB- `` (NP Old *UNKC )NP '' -RRB- )PRN )NP )PP )VP . )S  STOP
(S (PP By (NP comparison )NP )PP , (NP *UNKC )NP (ADVP now )ADVP (VP gives (NP $ *UNKN )NP (PP to (NP (NP the winner )NP (PP of (NP (NP its young director 's )NP award )NP )PP )NP )PP )VP . )S  STOP
(SINV (VP Says )VP (NP (NP director George Miller )NP (PRN -LRB- `` (NP *UNKC Max )NP '' -RRB- )PRN )NP : `` (S (NP I )NP (VP think (SBAR (S (NP the Tokyo *UNK )NP (VP may (VP become (VP known (PP as (NP (NP a major *UNK )NP (PP for (NP young directors )NP )PP )NP )PP (PP because of (NP (NP the money )NP as well as (NP the recognition )NP )NP )PP )VP )VP )VP )S )SBAR )VP )S . '' )SINV  STOP
(S (NP There )NP (VP are (NP *UNK )NP )VP . )S  STOP
(S (NP (NP Vincent *UNKC )NP , (NP (NP a *UNK )NP (PP for (NP the French magazine *UNKC )NP )PP )NP , )NP (VP says (PP of (NP the (ADJP recently ended )ADJP Tokyo *UNK )NP )PP : `` (S (S (NP No one )NP (VP makes (NP deals )NP )VP )S ... and (S (NP (NP most )NP (PP of (NP the films )NP )PP )NP (VP have (VP been (VP seen (ADVP before )ADVP (PP at (NP other *UNK )NP )PP )VP )VP )VP )S )S )VP . '' )S  STOP
(S (NP Belgium )NP (VP decided (SBAR that (S (NP (NP investors )NP (SBAR (WHNP who )WHNP (S (VP demand (NP (NP the delivery )NP (PP of (NP their securities )NP )PP )NP (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP buy (NP (NP shares )NP or (NP domestic bonds )NP )NP )VP )S )SBAR )VP )S )SBAR )NP (VP will (VP have (S (VP to (VP pay (NP (NP an additional 100 *UNKC francs )NP (PRN -LRB- (NP (QP about $ *UNKN )QP )NP -RRB- )PRN )NP (PP for (NP each transaction )NP )PP )VP )VP )S )VP )VP )S )SBAR , (S (VP bringing (NP the total fee )NP (PP to (NP 200 francs )NP )PP )VP )S )VP . )S  STOP
(S (SBAR While (S (NP no figures )NP (VP exist )VP )S )SBAR , (NP (NP it )NP )NP (VP is (VP thought (SBAR that (S (NP (NP many small investors )NP (PP in (NP Belgium )NP )PP )NP (VP store (NP securities )NP (ADVP privately )ADVP , (S (PP in (NP some cases )NP )PP (VP to (VP avoid (S (VP paying (NP high *UNK taxes )NP )VP )S )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The law )NP (VP could (VP *UNK (PP to (NP (NP the advantage )NP (PP of (NP (NP brokers and banks )NP , (SBAR (WHNP who )WHNP (S (VP *UNK (NP high administrative costs )NP (S (VP to (VP deliver (NP securities )NP (PP to (NP investors )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP Japan )NP (VP is (VP considering (S (VP giving (NP aid )NP (PP to (NP Hungary and Poland )NP )PP (S (VP to (VP support (NP their recent political reforms )NP )VP )VP )S )VP )S )VP )VP )S , (NP (NP a spokesman )NP (PP for (NP the Foreign Ministry )NP )PP )NP (VP said )VP . )S  STOP
(S `` (S (NP This )NP (VP is (NP (NP the first time )NP (PRN , (SBAR if (S (NP we )NP (VP decide (S (VP to (VP do (ADVP so )ADVP )VP )VP )S )VP )S )SBAR , )PRN (PP for (S (NP Japan )NP (VP to (VP extend (NP (NP aid )NP (PP of (NP this kind )NP )PP )NP (PP to (NP (ADJP Eastern European )ADJP countries )NP )PP )VP )VP )S )PP )NP )VP )S , '' (NP the spokesman )NP (VP said )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP Prime Minister *UNKC *UNKC )NP (ADVP also )ADVP (VP is (VP studying (NP (NP the possibility )NP (PP of (NP (NP a visit )NP (PP (PP to (NP the two Eastern bloc nations )NP )PP and (PP to (NP Western Europe )NP )PP )PP (NP next January )NP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP were (NP (NP a major issue )NP (PP in (NP (NP two days )NP (PP of (NP (NP talks )NP (PP between (NP (NP French President *UNKC *UNKC )NP and (NP Spanish Prime Minister *UNKC Gonzalez )NP )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S `` (S (NP I )NP (VP demand (NP (NP the *UNK *UNK )NP (PP in (NP (NP the fight )NP (PP against (NP drug *UNK )NP )PP )NP )PP )NP )VP )S , '' (NP President Mitterrand )NP (VP said (PP after (NP (NP the meeting )NP (PP in (NP (NP *UNKC )NP , (NP Spain )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP He )NP (VP added : `` (S (NP Banks )NP (VP must (VP open (NP their books )NP )VP )VP )S )VP . '' )S  STOP
(S (NP (NP The leaders ' )NP talks )NP (VP *UNKED (PP with (NP (NP a meeting )NP (PP in (NP *UNKC )NP )PP (PP of (NP (NP *UNK- experts )NP (PP from (NP (NP the U.S. )NP , (NP France )NP , (NP Italy )NP , (NP Spain )NP , (NP Peru )NP , (NP *UNKC )NP and (NP Colombia )NP )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP (NP That conference )NP , (SBAR (WHNP which )WHNP (S (VP began (NP yesterday )NP )VP )S )SBAR , )NP (VP was (VP expected (S (VP to (VP cover (NP (NP such matters )NP (PP as (NP (NP police training )NP and (NP *UNK agreements )NP )NP )PP )NP )VP )VP )S )VP )VP )S , (NP Spanish officials )NP (VP said )VP . )S  STOP
(S (S (NP (NP Three Soviet government officials )NP -- (NP (NP the ministers )NP (PP (PP of (NP *UNK )NP )PP , (PP of (NP foreign economic relations )NP )PP and (PP of (NP *UNK- building )NP )PP )PP )NP -- )NP (VP will (VP visit (NP *UNKC )NP (NP next month )NP (PP for (NP talks )NP )PP )VP )VP )S , (NP (NP Iran 's )NP official news agency )NP (VP reported )VP . )S  STOP
(S (PP Under (NP (NP an agreement )NP (VP signed (NP last June )NP )VP )NP )PP , (NP the Soviets )NP (VP will (VP help (NP Iran )NP (PP in (NP (NP oil exploration )NP and (NP other areas )NP )NP )PP (PP in (NP (NP return )NP (PP for (NP (NP exports )NP (PP of (NP *UNKC natural gas )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S And (PP in (NP Paris )NP )PP , (NP (NP *UNKC *UNKC )NP , (NP (NP (NP Iran 's )NP vice minister )NP (PP of (NP foreign affairs )NP )PP )NP , )NP (VP began (NP (NP a *UNK- visit )NP (SBAR (S (VP to (VP discuss (NP (NP such matters )NP (PP as (NP (NP compensation )NP (PP to (NP French enterprises )NP )PP (PP for (NP (NP contracts )NP (VP broken (PP by (NP the *UNKC regime )NP )PP )VP )NP )PP )NP )PP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP *UNKC Co. )NP , (NP a Japanese *UNK maker )NP , )NP (VP has (VP developed (NP (NP a *UNK )NP (SBAR (WHNP that )WHNP (S (VP can (VP check (NP (NP the user 's )NP health )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP A *UNKC spokesman )NP (VP said (SBAR (S (S (NP the *UNK )NP (ADVP not only )ADVP (VP tests (NP (NP blood pressure )NP , (NP *UNK )NP and (NP *UNK )NP )NP )VP )S , (S (NP it )NP (ADVP also )ADVP (VP stores (NP the data )NP (PP for (NP (QP up to 130 )QP days )NP )PP )VP )S )S )SBAR )VP . )S  STOP
(S (NP (NP Nippon Telegraph & Telephone Corp. )NP and (NP *UNKC *UNKC Electronics )NP )NP (VP are (VP involved (PP with (NP (NP (NP *UNKC 's )NP new product )NP , (SBAR (WHNP which )WHNP (S (VP will (VP go (PP on (NP the market )NP )PP (PP in (NP (QP about two )QP years time )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S `` (S (NP It )NP (VP will (VP be (ADJP very expensive )ADJP )VP )VP )S , '' (NP the spokesman )NP (VP warned )VP . )S  STOP
(S `` (NP The price )NP (VP can not (VP be (NP (QP less than $ *UNKN )QP )NP )VP )VP . '' )S  STOP
(S (SBAR Since (S (NP Mexican President Carlos Salinas de *UNKC )NP (VP took (NP office )NP (NP last December )NP )VP )S )SBAR , (NP special agents )NP (VP have (VP arrested (NP (QP more than 6,000 )QP federal employees )NP (PP on (NP (NP charges )NP (VP ranging (PP (PP from (NP *UNK )NP )PP (PP to (NP tax *UNK )NP )PP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC *UNKC )NP , (NP (NP chief prosecutor )NP (PP at (NP (NP the Attorney General 's )NP Office )NP )PP )NP , )NP (VP said (SBAR that (S (NP (NP an estimated (QP $ *UNKN million )QP )NP (PP in (NP (NP government property )NP and (NP *UNK taxes )NP )NP )PP )NP (VP have (VP been (VP recovered (PP in (NP the campaign (S (VP to (VP *UNK (PRT out )PRT (NP official corruption )NP )VP )VP )S )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Mr. *UNKC 's )NP office )NP (VP will (ADVP reportedly )ADVP (VP issue (NP (NP warrants )NP )NP (PP during (NP the next six months )NP )PP (PP for (NP (NP the arrest )NP (PP of (NP (QP another 10,000 )QP federal employees )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP Those employees )NP (VP are (VP suspected (PP of (S (VP (ADVP illegally )ADVP gaining (NP an estimated (QP $ *UNKN million )QP )NP )VP )S )PP )VP )VP )S , (NP the prosecutor )NP (VP was (VP quoted (PP as (S (VP saying )VP )S )PP (PP by (NP the *UNKC news service )NP )PP )VP )VP . )S  STOP
(S (NP He )NP (VP added (SBAR that (S (NP federal agents )NP (VP hope (S (VP to (VP recover (NP (QP at least half )QP that amount )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP The rest )NP (VP will (ADVP probably )ADVP not (VP be (ADJP *UNK )ADJP (ADVP either )ADVP (SBAR (SBAR because (S (NP (NP the statute )NP (PP of (NP limitations )NP )PP )NP (VP expired )VP )S )SBAR or (SBAR because (S (NP many )NP (VP prefer (S (VP to (VP (VP spend (NP additional time )NP (PP in (NP jail )NP )PP )VP (CONJP rather than )CONJP (VP return (NP the money )NP )VP )VP )VP )S )VP )S )SBAR )SBAR )VP )VP )S , '' (NP the prosecutor )NP (VP said )VP . )S  STOP
(S (NP (NP The United *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP is (VP *UNKING (NP farm tools )NP (PP to (NP (NP returning refugees )NP (PP in (NP *UNKC )NP )PP )NP )PP )VP )VP )S )SBAR , )NP (VP is (VP *UNKING (NP a plan (S (VP to (VP hand (PRT out )PRT (NP *UNK )NP )VP )VP )S )NP (PP because of (NP (NP the *UNK political climate )NP (PP during (NP (NP *UNK )NP (PP for (NP (NP independence )NP (PP from (NP South Africa )NP )PP )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP The decision (S (VP to (VP distribute (NP (NP *UNK )NP )NP (PP at (NP this time )NP )PP , (SBAR (WHNP which )WHNP (S (VP could (VP be (VP used (PP as (NP weapons )NP )PP )VP )VP )VP )S )SBAR , )VP )VP )S )NP (VP is (PP under (NP review )NP )PP )VP )S , '' (VP said )VP (NP a U.N. spokesman )NP ... . )SINV  STOP
(S (NP (NP *UNKC )NP (ADVP close (PP to (NP (NP the family )NP (PP of (NP *UNKC Prime Minister *UNKC *UNKC )NP )PP )NP )PP )ADVP )NP (VP said (SBAR (S (NP she )NP (VP is (VP expecting (NP a second child )NP , (NP probably early next year )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Cray Research Inc. )NP (VP forecast (SBAR that (S (NP 1990 )NP (VP will (VP be (NP a *UNK- year )NP (PP for (NP its supercomputer line )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (SBAR (WHNP what )WHNP (S (VP has (VP become (NP (NP a series )NP (PP of (NP *UNK- announcements )NP )PP )NP )VP )VP )S )SBAR )PP , (NP (NP (NP the world 's )NP largest maker )NP (PP of (NP *UNK )NP )PP )NP (VP said (SBAR that (S (PP after (S (VP reviewing (NP its order prospects )NP )VP )S )PP , `` (NP we )NP (VP have (VP concluded (SBAR (S (NP (NP it )NP )NP (VP is (ADJP *UNK )ADJP (S (VP to (VP plan (PP for (NP next year )NP )PP (PP on (NP the assumption (SBAR (S (NP that revenue )NP (ADVP again )ADVP (VP will (VP be (ADJP flat )ADJP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Cray )NP (VP *UNKED (NP the market )NP (PP in (NP July )NP )PP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP slashed (NP (NP revenue and earnings projections )NP (PP for (NP this year )NP )PP )NP , (S (VP citing (NP (NP a slowing economy )NP (SBAR (WHNP that )WHNP (S (VP has (VP delayed (NP (NP orders )NP (PP from (NP (UCP government as well as commercial )UCP customers )NP )PP )NP )VP )VP )S )SBAR )NP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP made (NP (NP its 1990 projection )NP -- (NP (NP an unusual event )NP (PP for (NP Cray )NP )PP )NP -- )NP (PP in (S (VP announcing (NP (NP improved net income )NP (PP for (NP the third quarter )NP )PP )NP )VP )S )PP )VP . )S  STOP
(S (NP Cray )NP (VP said (SBAR (S (NP it )NP (VP earned (NP (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (ADVP up (NP 35 % )NP (PP from (NP (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 73 cents )NP (NP a share )NP )NP )NP , (ADVP (NP a year )NP ago )ADVP )NP )PP )ADVP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Revenue )NP (VP gained (NP 45 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP earnings )NP (VP totaled (NP (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (ADVP down (NP 46 % )NP (PP from (NP (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (ADVP (NP a year )NP earlier )ADVP )NP )PP )ADVP )NP )VP . )S  STOP
(S (NP Revenue )NP (VP was (NP (NP (QP $ *UNKN million )QP )NP , (NP (NP a (ADJP 6.9 % )ADJP gain )NP (PP from (NP (QP $ *UNKN million )QP )NP )PP )NP )NP )VP . )S  STOP
(S (NP Cray )NP (VP made (NP its announcement )NP (SBAR after (S (NP the stock market )NP (VP closed )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP (NP yesterday )NP , (NP Cray )NP (VP closed (ADVP down (NP $ 1.125 )NP )ADVP (PP at (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (NP Cray )NP (VP said (SBAR (S (NP its order backlog )NP (PP at (NP Sept. 30 )NP )PP (VP was (NP (NP (QP $ *UNKN million )QP )NP , (ADVP down (NP (QP $ 25 million )QP )NP (PP from (NP June 30 )NP )PP )ADVP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP president )NP , )NP (VP said (SBAR (S (NP the company )NP `` (VP (VP did (ADVP well )ADVP (PP in (NP the quarter )NP )PP (ADVP as far (SBAR as (S (NP revenues and earnings )NP (VP are (VP concerned )VP )VP )S )SBAR )ADVP )VP , and (VP (ADVP not quite as well )ADVP (PP in (NP (NP terms )NP (PP of (NP signing orders )NP )PP )NP )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (PP As (PP for (NP the current period )NP )PP )PP (PRN , (S (NP Mr. *UNKC )NP (VP said )VP )S , )PRN `` (NP We )NP (VP anticipate (SBAR that (S (NP fourth-quarter revenue and earnings )NP (VP will (VP be (UCP (ADJP (ADJP substantially greater )ADJP (PP than (NP (NP any )NP (PP of (NP the *UNKING three quarters )NP )PP )NP )PP )ADJP , but not (ADVP up (PP to (NP (NP the record levels )NP (PP of (NP (NP (NP last year 's )NP fourth quarter )NP '' (SBAR (WHADVP when )WHADVP (S (NP Cray )NP (VP earned (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )VP )S )SBAR )NP )PP )NP )PP )ADVP )UCP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP added (SBAR that (S (NP the company )NP (VP expects (NP `` strong '' operating profit )NP (PP for (NP the year )NP )PP , `` (FRAG but (PP at (NP (NP a level )NP (ADJP (ADJP significantly lower )ADJP (PP than (NP last year )NP )PP )ADJP )NP )PP )FRAG )VP )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP (NP 1989 's )NP net income )NP (VP could (VP be (NP (NP (NP (QP 11 % to 13 % )QP )NP (PP of (NP revenue )NP )PP )NP , (SBAR (WHNP which )WHNP , (S (S (VP assuming (NP current expectations )NP )VP )S , (VP would (VP be (PP (NP (QP 40 % to 45 % )QP )NP below (NP (NP 1988 's )NP level )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Last year )NP , (NP Cray )NP (VP earned (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (PP on (NP (NP revenue )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )VP . )S  STOP
(SINV (S (NP Next year )NP `` (VP looks (ADJP dismal )ADJP )VP )S , '' (VP said )VP (NP (NP analyst Paul *UNKC )NP (PP of (NP (NP Robert *UNKC & Co. )NP , (NP *UNKC )NP )NP )PP )NP . )SINV  STOP
(S (S (VP *UNKING (SBAR that (S (NP Cray )NP (VP does n't (VP have (NP (NP a *UNK- supercomputer )NP (SBAR (S (VP to (VP compete (PP with (NP (NP the likes )NP (PP of (NP (NP *UNKC Computer Corp. )NP and (NP International Business Machines Corp. )NP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )S , (NP Mr. *UNKC )NP (VP said (SBAR (S (NP such a machine )NP (VP would (VP be (ADJP necessary )ADJP `` (S (VP to (VP get (S (NP things )NP (ADJP back (PP on (NP line )NP )PP )ADJP (ADVP here )ADVP )S )VP )VP )S )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Cray )NP (VP has (VP indicated (SBAR (S (NP it )NP (VP will (VP decide (PP on (SBAR whether (S (VP to (VP build (NP such a machine )NP )VP )VP )S )SBAR )PP (PP before (NP year end )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Johnson & Johnson )NP (VP reported (NP (NP (NP a (ADJP 10 % )ADJP rise )NP (PP in (NP third-quarter net income )NP )PP (PP on (NP a 12 % sales increase )NP )PP )NP - (NP (NP results )NP (SBAR (WHNP that )WHNP (S (VP were (VP driven (PP (ADVP particularly )ADVP by (NP (NP new products )NP (PP including (NP (NP pharmaceuticals )NP and (NP (NP the company 's )NP professional operations )NP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (NP (NP Net )NP (PP for (NP (NP the (NP (NP New *UNKC )NP , (NP N.J. )NP , )NP maker )NP (PP of (NP health-care products )NP )PP )NP )PP )NP (VP climbed (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 80 cents )NP (NP a share )NP )NP )NP )PP , (PP from (NP (NP (NP (QP $ 240 million )QP )NP , or (NP (NP 71 cents )NP (NP a share )NP )NP , )NP (PP in (NP the year-earlier period )NP )PP )NP )PP )VP . )S  STOP
(S (NP Sales )NP (VP rose (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ 2.2 billion )QP )NP )PP )VP . )S  STOP
(S (NP The year-ago per-share earnings )NP (VP are (VP adjusted (S (VP to (VP reflect (NP (NP a 2-for-1 stock split )NP (NP last May )NP )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP In (NP a statement )NP )PP , (NP (NP Ralph S. Larsen )NP , (NP (NP chairman )NP and (NP chief executive officer )NP )NP , )NP (VP said (SBAR (S (NP the company )NP (VP was (ADJP pleased (PP with (NP its third-quarter sales performance )NP )PP )ADJP , `` (PP (ADVP especially )ADVP in (NP (NP light )NP (PP of (NP (NP (NP the extremely competitive environment )NP (PP in (NP domestic consumer markets )NP )PP )NP and (NP (NP the negative impact )NP (PP of (NP (NP *UNK exchange rates )NP (NP this quarter )NP )NP )PP )NP )NP )PP )NP )PP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP David J. *UNKC )NP , (NP (NP an industry analyst )NP (PP for (NP PaineWebber Group Inc. )NP )PP )NP , )NP (VP said (SBAR (S (NP (NP Johnson & Johnson 's )NP results )NP (VP (ADVP slightly )ADVP exceeded (NP (NP his expectations )NP (PP for (NP the third quarter )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP (NP yesterday )NP , (NP Johnson & Johnson shares )NP (VP fell (NP 37.5 cents )NP (PP to (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (NP Mr. Larsen )NP (VP noted (NP (NP `` substantial sales growth '' )NP (PP for (NP (NP the (ADJP recently introduced )ADJP *UNKC *UNK contact *UNK )NP and (NP (NP *UNKC )NP , (NP a *UNK- *UNK )NP )NP )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP (NP *UNKC )NP , (VP used (PP by (NP (NP *UNK patients )NP (SBAR (WHNP who )WHNP (S (VP are (ADJP *UNK )ADJP )VP )S )SBAR )NP )PP )VP )NP , and (NP (NP *UNKC )NP , (NP a *UNK- drug )NP )NP , )NP (VP did (ADVP well )ADVP (ADVP overseas )ADVP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (S (PP Despite (NP (NP health-care cost controls )NP and (NP (NP programs )NP (SBAR (S (VP to (VP hold (PRT down )PRT (NP inventory )NP )VP )VP )S )SBAR )NP )NP )PP , (NP (NP the professional division )NP , (SBAR (WHNP which )WHNP (S (VP makes (NP (NP products )NP (PP including (NP (NP *UNK )NP and (NP *UNK *UNKING equipment )NP )NP )PP )NP )VP )S )SBAR , )NP `` (VP achieved (NP solid growth )NP )VP )S , '' (NP Johnson & Johnson )NP (VP said )VP . )S  STOP
(S But (NP domestic consumer sales )NP (VP slipped (NP 1.2 % )NP (PP for (NP the quarter )NP )PP , (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP cited (NP (NP (NP *UNK )NP (PP in (NP the retail health and beauty *UNK category )NP )PP )NP , `` as well as (NP (NP the intense competition )NP (PP in (NP (NP the company 's )NP *UNK protection product line )NP )PP )NP )NP )VP . '' )S  STOP
(S (S (NP *UNKC sales )NP (VP were (ADJP stronger )ADJP , (PP (ADVP *UNKLY )ADVP because of (NP (NP a rebound )NP (PP in (NP (NP Brazil )NP , (SBAR (WHADVP where )WHADVP (S (NP economic turmoil )NP (VP had (VP hurt (NP year-earlier results )NP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )S , (NP Johnson & Johnson )NP (VP said )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP (PP of (NP PaineWebber )NP )PP )NP (VP said (SBAR (S (NP (NP the company 's )NP sales pace )NP (VP has (VP been (VP picking (PRT up )PRT (SBAR (ADVP largely )ADVP because (S (NP (NP the effect )NP (PP of (NP *UNK exchange rates )NP )PP )NP (VP has (VP been (VP easing -- (NP (NP a pattern )NP (VP continuing (NP this quarter )NP )VP )NP )VP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP cautioned , (ADVP however )ADVP , (SBAR that (S (NP a `` tough *UNK- comparison '' )NP (VP may (VP slow (NP (NP (NP the company 's )NP earnings growth )NP (PP for (NP the current quarter )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (PP For (NP (NP last year 's )NP fourth quarter )NP )PP , (NP (NP the company 's )NP tax rate )NP (VP was (NP (QP less than 20 )QP % )NP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (SBAR While (S (NP the third period )NP (VP contained (NP no major *UNK )NP )VP )S )SBAR (PRN , (S (NP Mr. *UNKC )NP (VP said )VP )S , )PRN (NP the results )NP (VP show (SBAR (WHADJP how sensitive )WHADJP (S (NP the *UNK )NP (VP can (VP be (PP to (NP (NP developments )NP (PP in (NP (NP a single country )NP such as (NP Brazil )NP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (ADVP also )ADVP (VP questioned (SBAR whether (S (NP (NP recent gains )NP (PP in (NP that country )NP )PP )NP (VP can (VP be (VP sustained )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The following issues )NP (VP were (ADVP recently )ADVP (VP filed (PP with (NP the Securities and Exchange Commission )NP )PP )VP )VP : )S  STOP
(NP (NP *UNKC *UNKC Corp. )NP , (NP (NP proposed offering )NP (PP of (NP liquid yield option notes )NP )PP )NP , (PP via (NP Merrill Lynch Capital Markets )NP )PP . )NP  STOP
(NP (NP Columbia Gas System Inc. )NP , (NP (NP shelf offering )NP (PP of (NP (NP (QP up to $ 200 million )QP )NP (PP of (NP debentures )NP )PP )NP )PP )NP . )NP  STOP
(NP (NP *UNKC )NP , (NP (NP initial offering )NP (PP of (NP (NP *UNKN common shares )NP , (SBAR (WHPP of (WHNP which )WHNP )WHPP (S (S (NP (NP *UNKN shares )NP )NP (VP are (S (VP to (VP be (VP sold (PP by (NP the company )NP )PP )VP )VP )VP )S )VP )S and (S (NP (NP *UNKN )NP )NP (PP by (NP holders )NP )PP )S )S )SBAR )NP )PP , (PP via (NP (NP Alex . Brown & Sons Inc. )NP and (NP *UNKC , *UNKC & *UNKC )NP )NP )PP )NP . )NP  STOP
(NP (NP *UNKC Systems Inc. )NP , (NP (NP proposed offering )NP (PP of (NP (NP *UNKN common shares )NP , (SBAR (S (VP to (VP be (VP sold (PP by (NP holders )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP . )NP  STOP
(NP (NP Western Gas System Inc. )NP , (NP (NP initial offering )NP (PP of (NP (NP *UNKN common shares )NP , (SBAR (WHPP of (WHNP which )WHNP )WHPP (S (NP (NP *UNKN shares )NP )NP (VP will (VP be (VP sold (PP by (NP the company )NP )PP )VP )VP )VP and (S (NP (NP *UNKN )NP )NP (PP by (NP a holder )NP )PP )S )S )SBAR )NP )PP , (PP via (NP (NP Prudential-Bache Capital Funding )NP , (NP Smith Barney )NP , (NP Harris Upham & Co. )NP and (NP *UNKC , *UNKC Inc )NP )NP )PP )NP . )NP  STOP
(S (NP *UNKC )NP (VP have (VP been (VP selling (NP (NP shares )NP (PP in (NP (NP Dun & Bradstreet Corp. )NP , (NP the huge *UNK- concern )NP )NP )PP )NP )VP )VP )VP . )S  STOP
(S (NP (NP *UNKC top executives )NP (PP at (NP the New York-based company )NP )PP )NP (VP sold (NP shares )NP (PP in (NP August and September )NP )PP )VP . )S  STOP
(S (NP (NP Four )NP (PP of (NP those insiders )NP )PP )NP (VP sold (NP (QP more than half )QP their holdings )NP )VP . )S  STOP
(S (NP The stock )NP , (PP in (NP New York Stock Exchange composite trading )NP )PP (NP yesterday )NP , (VP closed (PP at (NP (NP $ *UNKN )NP , (ADVP up (NP 62.5 cents )NP )ADVP , (PP (ADVP well )ADVP below (NP (NP (NP the (QP $ *UNKN to $ 60 )QP )NP (NP a share )NP )NP (SBAR (S (NP the insiders )NP (VP received (PP for (NP their shares )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Much )NP (PP of (NP (NP the recent slide )NP (PP in (NP (NP Dun & Bradstreet 's )NP stock )NP )PP )NP )PP )NP (VP came (NP late last week )NP , (PP after (NP (NP negative comments )NP (PP by (NP (NP analysts )NP (PP at (NP (NP Merrill Lynch & Co. )NP and (NP Goldman , Sachs & Co )NP )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP A company spokesman )NP (VP (VP declined (S (VP to (VP comment )VP )VP )S )VP and (VP said (SBAR that (S (NP (NP the officials )NP (SBAR (WHNP who )WHNP (S (VP sold (NP shares )NP )VP )S )SBAR )NP (VP would n't (VP comment )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP One )NP (PP of (NP (NP Dun & Bradstreet 's )NP chief businesses )NP )PP )NP (VP is (S (VP *UNKING (NP (NP reports )NP (SBAR (WHNP that )WHNP (S (VP rate (NP (NP the *UNK- )NP (PP of (NP (NP millions )NP (PP of (NP American companies )NP )PP )NP )PP )NP )VP )S )SBAR )NP )VP )S )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP owns (NP (NP (NP (NP Moody 's )NP Investors Service )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP *UNK- )NP (PP to (NP (NP bonds )NP and (NP preferred stock )NP )NP )PP )VP )S )SBAR )NP ; (NP (NP *UNKC *UNKC )NP , (VP known (PP for (NP (NP its data )NP (PP on (NP *UNKING patterns )NP )PP )NP )PP )VP )NP , and (NP *UNKC publisher *UNKC )NP )NP )VP . )S  STOP
(S (NP Last March )NP , (NP this newspaper )NP (VP reported (PP on (NP widespread allegations (SBAR that (S (NP the company )NP (VP *UNKED (NP many customers )NP (PP into (S (VP purchasing (NP (NP more *UNK- services )NP (PP than (S (VP needed )VP )S )PP )NP )VP )S )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP In (NP June )NP )PP , (NP the company )NP (VP agreed (S (VP to (VP settle (PP for (NP (QP $ 18 million )QP )NP )PP (NP (NP several lawsuits )NP (VP related (PP to (NP its sales practices )NP )PP )VP )NP , (PP without (S (VP *UNKING or *UNKING (NP the charges )NP )VP )S )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP An investigation )NP (PP by (NP U.S. *UNKC *UNK )NP )PP )NP (VP is (VP continuing )VP )VP . )S  STOP
(S (PP Among (NP the insider sales )NP )PP , (NP (NP Charles *UNKC )NP , (NP (NP the firm 's )NP general counsel )NP )NP , (VP sold (NP (NP *UNKN shares )NP )NP (PP in (NP August )NP )PP , (VP representing (NP (NP 46 % )NP (PP of (NP (NP his holdings )NP (PP in (NP the company )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP He )NP (VP received (NP $ *UNKN )NP (PP for (NP the shares )NP )PP , (PP according (PP to (NP (NP insider filings )NP (PP with (NP the Securities and Exchange Commission )NP )PP )NP )PP )PP )VP . )S  STOP
(S (S (NP (NP John C. *UNKC )NP , (NP an (NX (NX executive vice president )NX and (NX Dun & Bradstreet director )NX )NX )NP , )NP (VP sold (NP 10,000 shares )NP (PP on (NP Aug. 31 )NP )PP (PP for (NP $ *UNKN )NP )PP )VP )S , (NP filings )NP (VP show )VP . )S  STOP
(S (NP He )NP (VP retains (NP *UNKN shares )NP )VP . )S  STOP
(S (NP (NP William *UNKC *UNKC )NP , (NP (NP the firm 's )NP (NX (NX secretary )NX and (NX associate general counsel )NX )NX )NP , )NP (VP sold (NP *UNKN shares )NP (PP in (NP two separate sales )NP )PP (PP in (NP September )NP )PP (PP for (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (NP The shares )NP (VP represented (NP (NP 66 % )NP (PP of (NP his Dun & Bradstreet holdings )NP )PP )NP , (PP according (PP to (NP the company )NP )PP )PP )VP . )S  STOP
(S (NP (NP The other insiders )NP , (NP all (ADJP senior or executive )ADJP vice presidents )NP , )NP (VP sold (NP (NP (QP between *UNKN and *UNKN )QP shares )NP , (VP representing (NP (NP (QP between 8 % and 70 % )QP )NP (PP of (NP their holdings )NP )PP )NP )VP )NP , (PP according (PP to (NP SEC filings )NP )PP )PP )VP . )S  STOP
(S (NP (NP Dun & Bradstreet 's )NP stock price )NP (VP began (NP (NP its recent *UNK )NP (ADVP downward )ADVP )NP (NP (NP last Wednesday )NP , (SBAR (WHADVP when )WHADVP (S (NP the company )NP (VP reported (NP third-quarter results )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Net income )NP (VP rose (PP to (NP (NP 83 cents )NP (NP a share )NP )NP )PP (PP from (NP (NP (NP 72 cents )NP (NP a share )NP )NP (NP the year-earlier period )NP )NP )PP )VP . )S  STOP
(S But (NP analysts )NP (VP focused (ADVP more )ADVP (PP on (NP (NP the drop )NP (PP in (NP revenue )NP )PP , (PP to (NP (QP $ 1.04 billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP , (VP reflecting (PP in (NP part )NP )PP (NP (NP a continuing drop )NP (PP in (NP (NP sales )NP (PP of (NP the controversial *UNKING services )NP )PP )NP )PP )NP )VP )NP )PP )VP . )S  STOP
(S (NP Last Thursday )NP , (NP Merrill Lynch securities analyst Peter *UNKC )NP (VP downgraded (NP (NP his investment rating )NP (PP on (NP the firm )NP )PP )NP , (PP according (PP to (NP Dow Jones Professional Investors Report )NP )PP )PP , (S (VP citing (NP (NP a slowdown )NP (PP in (NP the *UNKING business )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP He )NP (VP (VP cut (NP his rating )NP (PP to (NP a short-term hold )NP )PP (PP from (NP *UNK- *UNK )NP )PP )VP and (VP reduced (NP his 1990 earnings estimate )NP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP continues (S (VP to (VP rank (S (NP the stock )NP (NP a *UNK buy )NP )S )VP )VP )S )VP . )S  STOP
(S (NP The stock )NP (VP slid (NP $ *UNKN )NP (PP on (NP (QP more than four times )QP average daily volume )NP )PP )VP . )S  STOP
(S (NP The stock )NP (VP received (NP another blow )NP (PP on (NP (NP Friday )NP , (SBAR (WHADVP when )WHADVP (S (NP Goldman Sachs analyst *UNKC *UNKC )NP (VP advised (SBAR that (S (NP (NP investors )NP (PP with (NP short-term *UNK )NP )PP )NP (VP should (VP avoid (NP Dun & Bradstreet stock )NP (SBAR because (S (NP it )NP (VP is (ADJP unlikely (S (VP to (VP *UNK (NP the market )NP )VP )VP )S )ADJP )VP )S )SBAR )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The stock )NP (VP fell (NP 75 cents )NP )VP . )S  STOP
(S (S (NP *UNKC selling )NP (VP is not (ADJP unusual )ADJP (PP at (NP Dun & Bradstreet )NP )PP )VP )S ; (S (PP in (NP fact )NP )PP , (NP (NP the recent pace )NP (PP of (NP selling )NP )PP )NP (VP is (ADJP just about average (PP for (NP the company )NP )PP )ADJP , (PP according (PP to (NP (NP figures )NP (VP compiled (PP by (NP (NP *UNKC )NP , (NP (NP a (NP (NP North Miami )NP , (NP Fla. )NP , )NP firm )NP (SBAR (WHNP that )WHNP (S (VP specializes (PP in (S (VP tracking and *UNKING (NP SEC insider filings )NP )VP )S )PP )VP )S )SBAR )NP )NP )PP )VP )NP )PP )PP )VP )S . )S  STOP
(SINV (S But (NP previous sales )NP (VP have (ADVP often )ADVP (VP been (NP (NP sales )NP (PP of (NP (NP shares )NP (VP (VP purchased (PP through (NP (NP the exercise )NP (PP of (NP stock options )NP )PP )NP )PP )VP and (VP sold (ADVP (NP six months )NP later )ADVP , (ADVP as soon (SBAR as (S (VP allowed )VP )S )SBAR )ADVP )VP )VP )NP )PP )NP )VP )VP )S , (VP said )VP (NP (NP Robert *UNKC )NP , (NP (NP president )NP (PP of (NP *UNKC )NP )PP )NP )NP . )SINV  STOP
(S (S (NP The most recent sales )NP (VP do n't (VP appear (S (VP to (VP be (ADJP *UNKED )ADJP )VP )VP )S )VP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(NP *UNKC *UNKC : )NP  STOP
(S (NP (NP Michael A. *UNKC )NP , (NP (NP chief executive officer )NP (PP of (NP (NP Philip Morris *UNKC . ' )NP Kraft General Foods unit )NP )PP )NP , )NP (VP bought (NP (NP 6,000 shares )NP (PP of (NP the company )NP )PP )NP (PP on (NP Sept. 22 )NP )PP (PP for (NP (NP $ *UNKN )NP (NP each )NP )NP )PP )VP . )S  STOP
(S (NP The (ADJP $ *UNKN )ADJP purchase )NP (VP raised (NP his holdings )NP (PP to (NP *UNKN shares )NP )PP )VP . )S  STOP
(S (NP The stock )NP (VP split (ADVP *UNK- )ADVP (PP on (NP Oct. 10 )NP )PP )VP . )S  STOP
(S (NP (NP Mr. *UNKC 's )NP (ADJP newly purchased )ADJP shares )NP (VP are (ADVP now )ADVP (ADJP worth (NP $ *UNKN )NP )ADJP , (PP based (PP on (NP (NP (NP Philip Morris 's )NP closing price )NP (PP of (NP (NP $ *UNKN )NP , (ADVP up (NP 62.5 cents )NP )ADVP , )NP )PP (PP in (NP composite trading )NP )PP (PP on (NP the New York Stock Exchange )NP )PP (NP yesterday )NP )NP )PP )PP )VP . )S  STOP
(S (NP (NP A spokesman )NP (PP for (NP Mr. *UNKC )NP )PP )NP (VP said (SBAR (S (NP he )NP (VP bought (NP the shares )NP (SBAR because (S (NP he )NP (VP felt (SBAR (S (NP they )NP (VP were `` (NP a good investment )NP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (S (NP The executive )NP (VP made (NP his purchases )NP (PP (ADVP shortly )ADVP before (S (VP being (VP named (PP to (NP his current (NP chief executive officer 's )NP position )NP )PP )VP )VP )S )PP )VP )S ; (S (ADVP formerly )ADVP (NP he )NP (VP was (NP (NP Kraft General Foods ' )NP chief operating officer )NP )VP )S . )S  STOP
(S (VP *UNKC (NP *UNKC )NP )VP : )S  STOP
(S (NP (NP Two directors )NP (PP of (NP (NP *UNKC Gold Inc. )NP , (NP a (NP (NP *UNKC )NP , (NP Wash. )NP , )NP *UNK- mining firm )NP , )NP )PP )NP (VP sold (NP (NP most )NP (PP of (NP (NP their holdings )NP (PP in (NP the company )NP )PP )NP )PP )NP (NP Aug. 31 )NP )VP . )S  STOP
(S (NP John J. *UNKC )NP (VP sold (NP *UNKN shares )NP (PP for (NP (NP $ *UNKN )NP (NP each )NP )NP )PP , (S (VP leaving (NP himself )NP (PP with (NP (NP a stake )NP (PP of (NP 500 shares )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (NP He )NP (VP received (NP $ *UNKN )NP )VP . )S  STOP
(S (NP Peter *UNKC )NP (VP sold (NP (NP 5,000 shares )NP , (NP (NP all )NP (PP of (NP his holdings )NP )PP )NP )NP , (PP for (NP (NP (NP $ *UNKN )NP (NP a share )NP )NP , or (NP $ *UNKN )NP )NP )PP )VP . )S  STOP
(S (NP (NP Gary *UNKC )NP , (NP (NP corporate counsel )NP (PP for (NP the company )NP )PP )NP , )NP (VP said (SBAR (S (NP the directors )NP (VP sold (PP for `` (NP personal financial reasons )NP )PP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Both insiders )NP (VP declined (S (VP to (VP comment )VP )VP )S )VP . )S  STOP
(S (PP On (NP Wall Street )NP )PP , (S (NP Merrill Lynch & Co. analyst Daniel A. *UNKING )NP (VP rates (S (NP the stock )NP `` (ADJP *UNK )ADJP '' )S )VP )S and (S (NP Drexel Burnham Lambert Inc. )NP (VP lists (NP it )NP (PP as (NP a `` buy )NP )PP )VP )S . '' )S  STOP
(SINV (S (NP *UNKC Gold )NP `` (VP has (VP been (PP on (NP (NP a lot )NP (PP of (NP recommended lists )NP )PP )NP )PP (PP as (NP (NP a *UNK growth company )NP (VP *UNKING (PP into (NP the big *UNK )NP )PP )VP )NP )PP )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP metals analyst )NP (PP at (NP (NP *UNKC & *UNKC )NP , (NP a New York investment firm )NP )NP )PP )NP )NP . )SINV  STOP
(S `` (S (NP It )NP (VP 's (UCP (NP a good company )NP , and (VP growing )VP )UCP )VP )S ; (S (NP there )NP (VP 's (NP (NP nothing )NP (SBAR (WHNP that )WHNP (S (VP would (VP warrant (SBAR that (S (NP it )NP (VP be (VP sold )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )S . '' )S  STOP
(S (NP Yesterday )NP , (PP in (NP composite trading )NP )PP (PP on (NP the American Stock Exchange )NP )PP , (NP *UNKC )NP (VP closed (PP at (NP (NP $ *UNKN )NP , (ADVP up (NP 12.5 cents )NP )ADVP )NP )PP )VP . )S  STOP
(S (NP *UNKC *UNK )NP (VP used (S (VP to (VP hold (NP the *UNK belief (SBAR (SBAR that (S (NP (NP it )NP )NP (VP was (ADJP (ADJP more perfect )ADJP )ADJP (S (VP to (VP exist )VP )VP )S (SBAR than (S not (VP to (VP exist )VP )VP )S )SBAR )VP )S )SBAR , and (SBAR that (S (S (VP to (VP exist (PP as (NP (NP a matter )NP (PP of (NP *UNK )NP )PP )NP )PP )VP )VP )S (VP was (NP (NP most perfect )NP (PP of (NP all )NP )PP )NP )VP )S )SBAR )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (S (ADVP Now )ADVP , (NP only God )NP (VP *UNK (PP as (NP (NP a matter )NP (PP of (NP *UNK *UNK )NP )PP )NP )PP )VP )S ; (S (NP it )NP (VP is (VP built (PP into (NP His nature )NP )PP )VP )VP )S . )S  STOP
(S But (PP since (NP (NP the time )NP (PP of (NP *UNKC )NP )PP )NP )PP , (NP we humans )NP (VP could (VP (ADVP at least )ADVP claim (NP (NP a sort )NP (PP of (NP (NP natural *UNK )NP (PP for (NP (NP the existence )NP (PP of (NP our *UNK )NP )PP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(SQ Are n't (NP we )NP , (PP after (NP all )NP )PP , (NP (NP the inevitable *UNK )NP (PP of (NP (NP that *UNKLY *UNK )NP (VP called (S (NP *UNK )NP )S )VP )NP )PP )NP ? )SQ  STOP
(S (SBAR If (S (NP (NP *UNK )NP and (NP natural selection )NP )NP (VP (ADVP slowly but surely )ADVP give (NP rise )NP (PP to (NP (NP (ADJP (ADVP more and more )ADVP advanced )ADJP forms )NP (PP of (NP life )NP )PP )NP )PP )VP )S )SBAR , (ADVP then )ADVP (NP it )NP (VP was (ADVP only )ADVP (NP (NP a matter )NP (PP of (NP *UNK )NP )PP )NP (SBAR before (S (NP (NP *UNK *UNK )NP (VP *UNKED (PP with (NP reason , *UNK- and taste )NP )PP )VP )NP (VP *UNKED (PP onto (NP the scene )NP )PP )VP )S )SBAR )VP . )S  STOP
(SINV (ADVP Now )ADVP (ADVP along )ADVP (VP comes )VP (NP Stephen Jay Gould )NP (S (VP to (VP *UNK (NP this *UNKING *UNK )NP )VP )VP )S . )SINV  STOP
(S (NP His *UNK )NP (VP are (ADJP excellent )ADJP (PP for (NP the task )NP )PP )VP . )S  STOP
(S (S (NP (NP (NP Star *UNK )NP (PP at (NP Harvard )NP )PP )NP , (NP (NP author )NP (PP of (NP (NP numerous popular books )NP (PP on (NP science )NP )PP )NP )PP )NP , and (NP (NP *UNK )NP (PP of (NP the *UNK lobby )NP )PP )NP , )NP )S (NP Mr. Gould )NP (VP is (ADVP perhaps )ADVP (NP (NP the world 's )NP (ADJP most *UNK )ADJP *UNK *UNK )NP )VP . )S  STOP
(S Yet (NP he )NP (VP puts (NP quite a *UNK )NP (PP on (NP (NP the old story )NP (VP handed (PRT down )PRT (PP from (NP *UNKC )NP )PP )VP )NP )PP )VP . )S  STOP
(S (PP For (NP him )NP )PP , (S (NP natural history )NP (VP is (NP (NP anything )NP (PP but (NP (NP a *UNK , *UNK *UNK )NP (PP from (NP *UNK *UNK )NP )PP (PP to (NP human *UNK )NP )PP )NP )PP )NP )VP )S ; (S (NP it )NP (VP is (NP (NP a *UNKING , *UNK affair )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP (NP the *UNK )NP (PP of (NP a *UNK *UNKED )NP )PP )NP (VP was (NP a *UNK- shot )NP )VP )S )SBAR )NP )VP )S . )S  STOP
(S (PP In (NP `` (NP (NP *UNKC Life )NP : (NP (NP The *UNKC *UNKC )NP and (NP (NP the *UNKC )NP (PP of (NP *UNKC )NP )PP )NP )NP )NP '' (PRN -LRB- (NP Norton )NP , (NP *UNKN pages )NP , (NP $ *UNKN )NP -RRB- )PRN )NP )PP , (NP Mr. Gould )NP (VP makes (NP (NP his case )NP (PP for `` (NP (NP the *UNK *UNK )NP (PP of (NP human *UNK )NP )PP )NP )PP )NP )VP . '' )S  STOP
(S (NP The argument )NP (VP turns (PP on (NP (NP the discovery )NP (PP in (NP *UNKN )NP )PP (PP of (NP (NP an *UNKING *UNK *UNK )NP (PP (ADVP high )ADVP in (NP the Canadian *UNKC )NP )PP (VP called (S (NP the *UNKC *UNKC )NP )S )VP )NP )PP )NP )PP )VP . )S  STOP
(SINV (ADVP Here )ADVP , (PP in (NP (NP an area )NP (ADJP (ADJP smaller )ADJP (PP than (NP a city block )NP )PP )ADJP )NP )PP , (VP lay (S (VP buried )VP )S )VP (NP (NP *UNK )NP (PP of (NP (NP (NP *UNK *UNK *UNK )NP (SBAR (WHNP that )WHNP (S (VP had (VP *UNKED (ADVP (NP (QP more than 500 million )QP years )NP ago )ADVP )VP )VP )S )SBAR )NP -- (NP (NP *UNK )NP (SBAR (WHNP whose *UNK variety )WHNP (S (VP (ADVP far )ADVP exceeded (SBAR (WHNP what )WHNP (S (VP can (VP be (VP found (PP in (NP all (NP the world 's )NP *UNK )NP )PP (NP today )NP )VP )VP )VP )S )SBAR )VP )S )SBAR )NP )NP )PP )NP . )SINV  STOP
(S (NP (NP Such an embarrassment )NP (PP of (NP *UNK )NP )PP )NP (VP was (ADJP *UNK )ADJP (PP to (NP (NP (NP the man )NP (SBAR (WHNP who )WHNP (S (VP discovered (NP the *UNKC *UNKC )NP )VP )S )SBAR )NP , (NP one Charles *UNKC *UNKC )NP )NP )PP )VP . )S  STOP
(S (NP (NP The received *UNKC wisdom )NP (PP of (NP the day )NP )PP )NP (VP said (SBAR that (S (NP (NP animals )NP (VP living (ADVP so long ago )ADVP )VP )NP (VP must (VP be (ADJP (ADJP simple (PP in (NP design )NP )PP )ADJP , (ADJP limited (PP in (NP scope )NP )PP )ADJP and (ADJP *UNK (PP to (NP *UNK *UNK )NP )PP )ADJP )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP the *UNK *UNK )NP (VP *UNKED (NP *UNK *UNK )NP (PP from (NP the Burgess *UNK )NP )PP (PP in (NP (NP such a way )NP (SBAR that (S (NP they )NP (VP could (VP be (VP *UNKED (PP into (NP familiar categories )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP It )NP (VP was not (PP until (NP the early 1970s )NP )PP (SBAR that (S (NP (NP Cambridge Prof. Harry *UNKC )NP and (NP two sharp *UNK students )NP )NP (VP began (S (VP to (VP publish (NP (NP a *UNK )NP (PP of (NP the Burgess *UNKC )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP By (S (VP making (NP (NP *UNK *UNK )NP (PP about (SBAR (WHADVP how )WHADVP (S (NP the (ADJP *UNKED and *UNKED )ADJP *UNK remains )NP (VP *UNKED (PP to (NP *UNK- structures )NP )PP )VP )S )SBAR )PP )NP )VP )S )PP , (NP this *UNK )NP (VP was (ADJP able (S (VP to (VP piece (ADVP together )ADVP (NP (NP a series )NP (PP of (NP *UNK *UNK )NP )PP (ADJP quite unlike (NP (NP anything )NP (PP (ADVP currently )ADVP on (NP the *UNK )NP )PP )NP )ADJP )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP One )NP (VP was (ADJP (ADJP so *UNK )ADJP (PP in (NP appearance )NP )PP , (SBAR (S (NP it )NP (VP was (VP dubbed (S (NP *UNKC )NP )S )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (VP *UNKC (SBAR that (S (NP (NP (NP Mr. Gould 's )NP minute *UNK )NP (PP of (NP these creatures )NP )PP )NP (VP was (ADVP always )ADVP (ADJP so *UNK )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP A good deal )NP (PP of (NP the book )NP )PP )NP )NP (VP is (ADJP boring )ADJP , (NP (ADVP particularly )ADVP (NP (NP the *UNK *UNK )NP (PP to (NP (ADJP high and pop )ADJP culture )NP )PP )NP and (NP (NP the frequent jokes )NP (VP *UNKING (NP the text )NP )VP )NP )NP )VP . )S  STOP
(S (NP These turns )NP (VP do not (VP provide (NP (NP sufficient relief )NP (PP from (NP (NP sentences )NP (PP like , `` (S (NP Most modern *UNK )NP (VP have (NP six *UNK *UNK )NP (PP on (NP the *UNK )NP )PP )VP )S )PP )NP )PP )NP )VP )VP . '' )S  STOP
(S (NP Interest )NP (VP picks (PRT up )PRT , (ADVP though )ADVP , (SBAR (WHADVP when )WHADVP (S (NP Mr. Gould )NP (VP gets (ADVP around )ADVP (PP to (S (VP discussing (NP (NP the meaning )NP (PP of (NP the Burgess *UNK )NP )PP (PP for (NP (NP the theory )NP (PP of (NP evolution )NP )PP )NP )PP )NP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (PP (NP Not long )NP after (NP (NP the appearance )NP (PP of (NP life )NP )PP )NP )PP , (ADVP *UNKLY )ADVP , (NP there )NP (VP was (NP (NP an *UNK *UNK )NP (PP in (NP (NP the number )NP (PP of (NP animal designs )NP )PP (VP seen (PP on (NP the earth )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(S (NP (NP The vast majority )NP (PP of (NP them )NP )PP )NP , (ADVP however )ADVP , (VP were (VP *UNKED (PRT out )PRT (PP by (NP (NP a *UNK )NP (PP of (NP (NP environmental *UNK )NP (SBAR (WHNP that )WHNP (S (VP were (ADJP too sudden and catastrophic (SBAR for (S (NP (NP the normal rules )NP (PP of (NP natural selection )NP )PP )NP (VP to (VP operate )VP )VP )S )SBAR )ADJP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP the *UNKING process )NP (VP was (PP like (NP (NP a *UNK )NP `` (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP each group )NP (VP -LCB- held -RCB- (NP (NP a ticket )NP (ADJP unrelated (PP to (NP its *UNK *UNK )NP )PP )ADJP )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(FRAG '' (NP So much )NP (PP for (NP (NP survival )NP (PP of (NP the *UNK )NP )PP )NP )PP . )FRAG  STOP
(FRAG (NP So much )NP , (ADVP too )ADVP , (PP for (NP the notion (SBAR that (S (NP we humans )NP (VP *UNKED (PP in (NP the *UNKC struggle )NP )PP (PP by (S (VP *UNKING (NP big *UNK )NP )VP )S )PP )VP )S )SBAR )NP )PP . )FRAG  STOP
(S (NP Our *UNK *UNK )NP (VP *UNKED (PRT out )PRT (PP through (NP (NP the *UNK impact )NP (SBAR (WHNP that )WHNP (S (VP did (PRT in )PRT (NP the *UNK )NP )VP )S )SBAR )NP )PP (SBAR because (S (NP they )NP (VP were (ADJP small , not smart )ADJP )VP )S )SBAR )VP . )S  STOP
(S (SBAR If (S (NP anyone )NP (VP has (NP (NP difficulty )NP (S (VP *UNKING (NP (NP a world )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP history )NP (VP went (ADVP *UNKLY )ADVP (ADVP on )ADVP (PP without (NP us )NP )PP )VP )S )SBAR )NP )VP )S )NP )VP )S )SBAR , (NP Mr. Gould )NP (VP *UNK (NP several )NP )VP . )S  STOP
(S (S (PP In (NP one )NP )PP , (NP *UNK )NP (VP are (NP the dominant *UNK )NP )VP )S ; (S (PP in (NP another )NP )PP (NP the *UNK )NP (VP *UNK (PP with `` (NP little *UNK )NP )PP )VP )S . '' )S  STOP
(S (ADVP Back (SBAR (WHADVP when )WHADVP (S (NP the Burgess *UNK )NP (VP were (VP *UNKING )VP )VP )S )SBAR )ADVP (PRN , (S (NP it )NP (VP seems )VP )S , )PRN (NP human *UNK hopes )NP (VP *UNK (PP on (NP (NP the survival )NP (PP of (NP (NP a little worm )NP (PP with (NP a *UNK )NP )PP (VP called (S (NP *UNKC )NP )S )VP )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP Mr. Gould )NP (VP finds (S (NP this )NP (ADJP *UNKLY *UNKING )ADJP )S )VP )S ; (S (S (PP like (NP (NP an *UNK )NP (PP of (NP old )NP )PP )NP )PP )S , (NP he )NP (VP views (NP our *UNK )NP (PP as `` (NP (NP a source )NP (PP of (NP both (NP freedom )NP and (NP *UNK moral responsibility )NP )NP )PP )NP )PP )VP )S . '' )S  STOP
(S (NP I )NP , (PP by (NP contrast )NP )PP , (VP can not (VP help (S (VP feeling (SBAR that (S (SBAR if (S (NP (NP some other *UNK )NP (PP from (NP the Burgess *UNKC )NP )PP )NP (VP had (VP survived (ADVP instead )ADVP )VP )VP )S )SBAR , (NP (NP beings )NP (ADJP (ADVP at once )ADVP (ADJP *UNK )ADJP and (ADJP (ADJP less *UNK )ADJP (PP than (NP *UNKC *UNK )NP )PP )ADJP )ADJP )NP (VP might (VP have (ADVP eventually )ADVP (VP gained (NP *UNKLY *UNK )NP )VP )VP )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(S But (SBAR even if (S (NP no *UNK life )NP (VP had (VP *UNKED (ADVP here )ADVP (ADVP at all )ADVP )VP )VP )S )SBAR , (NP the *UNK )NP (VP is (UCP (NP a big place )NP , and (PP given (NP the right conditions )NP )PP , (ADJP sympathetic (PP to (S (VP creating (NP (NP some form )NP (PP of (NP life )NP )PP )NP )VP )S )PP )ADJP )UCP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP (PP at (NP some other *UNK address )NP )PP (NP a *UNKC *UNK )NP (VP would (VP have (VP risen (ADVP out (PP of (NP the *UNK )NP )PP )ADVP (S (VP to (VP explain (SBAR (WHADVP why )WHADVP , (S (S (VP (ADVP *UNKLY )ADVP speaking )VP )S , `` (NP it )NP (VP is , (ADVP indeed )ADVP , (NP a *UNK life )NP )VP )S )SBAR )VP )VP )S )VP )VP )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP is (NP (NP a columnist )NP (PP for (NP (NP the *UNKC Review )NP (PP in (NP London )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The Justice Department )NP (VP *UNKED (S (VP to (VP play (PRT down )PRT (NP (NP the *UNK )NP (PP of (NP (NP its new guidelines )NP (VP concerning (NP (NP prosecutions )NP (PP under (NP the federal racketeering law )NP )PP )NP )VP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP The guidelines )NP (VP (VP were (VP distributed (PP to (NP U.S. attorneys )NP )PP (NP last summer )NP )VP )VP but (VP were (VP disclosed (PP for (NP the first time )NP )PP (PP by (NP press reports )NP )PP (NP this week )NP )VP )VP )VP . )S  STOP
(S (NP They )NP (VP *UNK (NP prosecutors )NP , (PP under (NP certain circumstances )NP )PP , (PP from (S (VP seeking (NP (NP court orders )NP (VP *UNKING (NP (NP the assets )NP (PP of (NP racketeering defendants )NP )PP )NP (ADVP prior (PP to (NP trial )NP )PP )ADVP )VP )NP )VP )S )PP )VP . )S  STOP
(S But (NP (NP David Runkel )NP , (NP chief Justice Department spokesman )NP , )NP (VP said (SBAR (S (NP the guidelines )NP `` (VP are (NP (NP a *UNK )NP and (NP a *UNK )NP )NP (ADVP (ADVP far more )ADVP (PP than (NP a new direction )NP )PP )ADVP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP (NP the *UNKC *UNKED and *UNKC *UNKC law )NP (PP against (NP (NP white-collar defendants )NP , (SBAR as (S (VP opposed (PP to (NP alleged *UNK- figures )NP )PP )VP )S )SBAR )NP )PP , )NP )PP )NP (VP has (VP come (PP under (NP (NP attack )NP (PP from (NP some (NX (NX defense lawyers )NX and (NX legal scholars )NX )NX )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Critics )NP (VP have (VP complained (SBAR (SBAR that (S (NP the law )NP (VP (ADVP unfairly )ADVP *UNK (NP defendants )NP (PP of (NP assets )NP )PP (PP before (S (NP a jury )NP (VP *UNK (SBAR (S (NP they )NP (VP have (VP committed (NP a crime )NP )VP )VP )S )SBAR )VP )S )PP )VP )S )SBAR and (SBAR that (S (NP (NP aggressive use )NP (PP of (NP the forfeiture provisions )NP )PP )NP (VP can (VP (VP *UNK (NP corporate defendants )NP )VP or (VP force (NP them )NP (PP into (NP *UNK plea bargains )NP )PP )VP )VP )VP )S )SBAR )SBAR )VP )VP . )S  STOP
(S (PP In (NP the new guidelines )NP )PP , (NP the Justice Department )NP (VP says (SBAR that (S (PP in (S (VP attempting (S (VP to (VP *UNK (NP disputed assets )NP (PP before (NP trial )NP )PP )VP )VP )S )VP )S )PP , `` (NP the government )NP (VP (VP will not (VP seek (S (VP to (VP *UNK (NP (NP the normal , legitimate business activities )NP (PP of (NP the defendant )NP )PP )NP )VP )VP )S )VP )VP '' and `` (VP will not (VP seek ... (S (VP to (VP take (PP from (NP third parties )NP )PP (NP (NP assets )NP (VP (ADVP *UNKLY )ADVP transferred (PP to (NP them )NP )PP )VP )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP The guidelines )NP (ADVP also )ADVP (VP state , `` (SBAR (S (NP (NP The government 's )NP policy )NP (VP is not (S (VP to (VP seek (NP (NP the *UNK forfeiture )NP (ADJP *UNK (PP under (NP the law )NP )PP )ADJP )NP (SBAR (WHADVP where )WHADVP (S (NP that forfeiture )NP (VP would (VP be (ADJP *UNK (PP to (NP (NP the defendant 's )NP crime )NP )PP )ADJP )VP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP . '' )S  STOP
(S (NP Another provision )NP (VP *UNK (NP (NP certain limits )NP (PP on (SBAR (WHADVP when )WHADVP (S (NP prosecutors )NP (VP may (VP use (NP *UNK- charges )NP (PP as (NP (NP a basis )NP (PP for (S (VP bringing (NP a racketeering case )NP )VP )S )PP )NP )PP )VP )VP )S )SBAR )PP )NP )VP . )S  STOP
(S (NP Mr. Runkel )NP (VP declined (S (VP to (VP speculate (PP on (SBAR whether (S (NP the guidelines )NP (VP would (VP curb (NP (NP racketeering prosecutions )NP (PP against (NP corporate defendants )NP )PP )NP )VP )VP )S )SBAR )PP )VP )VP )S )VP . )S  STOP
(S `` (S (NP The impact )NP , (SBAR if (S (NP there )NP (VP is (NP any )NP )VP )S )SBAR , (VP will (VP be (ADJP impossible (SBAR (S (VP to (VP judge (ADVP ahead (PP of (NP time )NP )PP )ADVP )VP )VP )S )SBAR )ADJP (SBAR because (S (NP the decision (SBAR whether (S (VP to (VP use (PRN -LCB- (NP racketeering charges )NP -RCB- )PRN )VP )VP )S )SBAR )NP (VP is (VP made (PP in (NP individual cases )NP )PP '' (PP by (NP (NP Justice Department officials )NP (PP in (NP Washington )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (PP In (NP (NP a *UNK )NP (VP describing (NP the guidelines )NP )VP )NP )PP , (NP *UNKC Attorney General Edward Dennis Jr. )NP (VP said (SBAR that (S (NP (NP government efforts (S (VP to (VP freeze (NP (NP defendants ' )NP assets )NP )VP )VP )S )NP (PP pending (NP racketeering prosecutions )NP )PP )NP `` (VP have (VP been (NP (NP the subject )NP (PP of (NP (NP considerable criticism )NP (PP in (NP the press )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S But (NP Mr. Runkel )NP (VP said (SBAR (S (NP the government )NP (VP is n't `` (VP backing (PRT off )PRT (PP on (NP (NP these kinds )NP (PP of (NP matters )NP )PP )NP )PP (ADVP at all )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP California legislators )NP , (S (VP searching (PP for (NP (NP ways )NP (SBAR (S (VP to (VP pay (PP for (NP (NP the (QP $ 4 billion to $ 6 billion )QP )NP (PP in (NP (NP damages )NP (PP from (NP (NP last week 's )NP earthquake )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )VP )S , (VP are (VP laying (NP (NP the *UNK )NP (PP for (NP (NP a temporary increase )NP (PP in (NP (NP the state 's )NP sales tax )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP The talk )NP (PP of (NP a sales tax rise )NP )PP )NP (VP follows (NP (NP a *UNK )NP (PP from (NP Congress )NP )PP (PP on (NP (NP the question )NP (PP of (SBAR (WHNP how much )WHNP (S (NP the federal government )NP (VP is (ADJP willing (S (VP to (VP spend (S (VP to (VP aid (PP in (NP (NP California 's )NP earthquake relief efforts )NP )PP )VP )VP )S )VP )VP )S )ADJP )VP )S )SBAR )PP )NP )PP )NP )VP . )S  STOP
(S (S (NP The state )NP (VP had (VP sought (NP (NP (QP as much as $ 4.1 billion )QP )NP (PP in (NP relief )NP )PP )NP )VP )VP )S , but (S (NP yesterday )NP (NP the House )NP (VP approved (NP (NP a (ADJP more general )ADJP *UNK- measure )NP (VP calling (PP for (NP (NP (NP (QP $ 2.85 billion )QP )NP (PP in (NP aid )NP )PP )NP , (SBAR (WHNP the bulk (WHPP of (WHNP which )WHNP )WHPP )WHNP (S (VP would (VP go (PP to (NP California )NP )PP , (SBAR with (S (NP an unspecified amount )NP (VP going (PP to (NP (NP regions )NP (VP affected (PP by (NP Hurricane Hugo )NP )PP )VP )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )VP )NP )VP )S . )S  STOP
(S (NP That )NP (VP leaves (S (NP the state )NP (ADJP (NP (QP roughly $ 2 billion to $ 4 billion )QP )NP short )ADJP )S )VP . )S  STOP
(S (NP A sales tax increase )NP (VP appears (S (VP to (VP be (NP (NP the *UNK and *UNK )NP (SBAR (S (VP to (VP raise (NP funds )NP (PP in (NP a *UNK )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (PP According (PP to (NP (NP the state department )NP (PP of (NP finance )NP )PP )NP )PP )PP , (NP (NP a *UNK- increase )NP (PP in (NP (NP the state 's )NP (NAC *UNK- (PP per (NP dollar )NP )PP )NAC sales tax )NP )PP )NP (VP could (VP raise (NP (QP $ 3 billion )QP )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC Brown )NP , (NP (NP speaker )NP (PP of (NP (NP California 's )NP Assembly )NP )PP )NP , )NP (VP said (SBAR that (S (NP Gov. George *UNKC )NP (VP has (VP agreed (S (VP to (VP schedule (NP (NP a special session )NP (PP of (NP the legislature )NP )PP )NP (PP within (NP two weeks )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP California 's )NP so-called *UNKC limit )NP (VP (VP (ADVP effectively )ADVP *UNK (NP the state )NP (PP from (S (VP spending (NP new tax money )NP )VP )S )PP )VP and so (VP (ADVP *UNKLY )ADVP limits (NP (NP its options )NP (PP in (NP an emergency )NP )PP )NP )VP )VP . )S  STOP
(S (NP Both (NP (NP Mr. Brown )NP , (NP (NP the state 's )NP (ADJP most influential )ADJP legislator )NP )NP , and (NP Gov. *UNKC )NP )NP (VP favor (NP a temporary sales tax increase )NP -- (SBAR should (S (NP (NP more money )NP )NP (VP be (VP needed (SBAR than (S (NP the state )NP (VP can (VP raise (PP from (NP (NP existing sources )NP and (NP the federal government )NP )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (PP According (PP to (NP a spokesman )NP )PP )PP , (NP the governor )NP (VP is (ADVP also )ADVP (VP studying (NP (NP the possibility )NP (PP of (S (VP raising (NP state gasoline taxes )NP )VP )S )PP )NP )VP )VP . )S  STOP
(SINV (S (NP Mr. Brown )NP , (ADVP meanwhile )ADVP , (VP believes (SBAR `` (S (S (NP (QP only one )QP tax )NP (VP will (VP be (ADJP *UNK )ADJP )VP )VP )S , and (S (NP it )NP (VP will (VP be (NP a *UNK- sales tax increase )NP )VP )VP )S )S )SBAR )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP an aide )NP )NP . )SINV  STOP
(S (NP (NP One immediate source )NP (PP of (NP money )NP )PP )NP (VP is (NP (NP an emergency fund )NP (VP set (PRT up )PRT (PP by (NP Gov. Deukmejian )NP )PP )VP )NP )VP . )S  STOP
(SINV (S (NP The fund )NP (VP (VP has (NP (QP about $ 1 billion )QP )NP )VP and (VP is (VP set (PRT up )PRT (S (VP to (VP handle (NP `` (NP (NP precisely the kind )NP (PP of (NP emergency )NP )PP )NP '' (SBAR (S (NP the state )NP (VP faces )VP )S )SBAR )NP )VP )VP )S )VP )VP )VP )S , (VP said )VP (NP (NP Tom *UNKC )NP , (NP (NP the *UNKC 's )NP deputy press secretary )NP )NP . )SINV  STOP
(S But (NP (NP the fund 's )NP size )NP (VP is (VP disputed (PP by (NP (NP (NP Mr. Brown 's )NP office )NP , (SBAR (WHNP which )WHNP (S (VP estimates (SBAR (S (NP the fund )NP (VP holds (NP (QP from $ *UNKN million to $ 800 million )QP )NP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP (NP an aide )NP (PP to (NP Mr. Brown )NP )PP )NP (VP said (SBAR (S (NP Gov. Deukmejian )NP `` (VP has (VP expressed (NP a desire (S not (VP to (VP spend (NP all the reserve )NP (PP on (NP this )NP )PP )VP )VP )S )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (S (VP To (VP push (PRT through )PRT (NP a sales tax increase )NP )VP )VP )S , (ADVP however )ADVP , (NP the state )NP (VP will (VP have (S (VP to (VP *UNK (NP the *UNKC limit )NP , (S (VP citing (NP an emergency )NP )VP )S )VP )VP )S )VP )VP . )S  STOP
(SINV (S And then (NP it )NP (VP will (VP be (VP required (S (VP to (VP lower (NP taxes )NP (PP by (NP a *UNKING amount )NP )PP (PP during (NP a three-year period )NP )PP (PP after (S (NP the temporary tax increase )NP (VP ends )VP )S )PP )VP )VP )S )VP )VP )VP )S , (VP said )VP (NP (NP *UNKC Katz )NP , (NP (NP assistant director )NP (PP of (NP (NP the state department )NP (PP of (NP finance )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP A sales tax increase )NP (VP would (VP require (NP (NP two-thirds approval )NP (PP in (NP (NP both houses )NP (PP of (NP (NP the state 's )NP legislature )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S But (NP observers )NP (VP expect (NP broad support )NP )VP . )S  STOP
(SINV `` (S (SBAR If (S (S (NP there )NP (VP 's (NP an emergency )NP )VP )S and (S (NP there )NP (VP are n't (NP (NP sufficient funds )NP (PP from (NP elsewhere )NP )PP )NP )VP )S )S )SBAR , (NP I )NP (VP think (SBAR (S (NP the attitude )NP (VP will (VP be (ADJP *UNK )ADJP )VP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP *UNKC West )NP , (NP (NP president )NP (PP of (NP (NP the California Chamber )NP (PP of (NP Commerce )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S But (NP others )NP (VP think (SBAR (S (NP property owners )NP (VP ought (S (VP to (VP pay (NP (NP a higher portion )NP (PP of (NP (NP the state 's )NP earthquake relief *UNK )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP Since (NP the late 1970s )NP )PP , (NP California property owners )NP (VP have (VP benefited (PP from (NP a tax *UNK )NP )PP (PP as (NP (NP a result )NP (PP of (NP (NP a state *UNK initiative )NP (VP known (PP as (NP *UNKC 13 )NP )PP )VP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP The state )NP (VP could (ADVP also )ADVP (VP increase (NP gasoline taxes )NP )VP )VP )S ; (S (NP (NP every one penny increase )NP (PP in (NP the tax )NP )PP )NP (VP would (VP yield (NP (NP (QP $ 11 million )QP )NP (NP a month )NP )NP )VP )VP )S . )S  STOP
(S But (NP (NP Gov. Deukmejian )NP and (NP others )NP )NP (VP are (ADJP reluctant (S (VP to (VP do (NP (NP anything )NP (SBAR (S (VP to (VP harm (NP (NP (NP the state 's )NP chances )NP (PP of (S (VP (ADVP sharply )ADVP raising (NP gasoline taxes )NP (PP on (NP a permanent basis )NP )PP )VP )S )PP )NP )VP )VP )S )SBAR )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (S (VP To (VP raise (NP more highway funds )NP )VP )VP )S , (NP (NP a measure )NP (SBAR (S (VP to (VP double (NP (NP the state 's )NP (NAC (NP *UNK- )NP (NP a *UNK )NP )NAC tax )NP (PP over (NP five years )NP )PP )VP )VP )S )SBAR )NP (VP is (VP set (S (VP to (VP appear (PP on (NP (NP the state 's )NP June election *UNK )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S But (NP some )NP (VP fear (SBAR (S (S (VP imposing (NP a temporary gasoline tax increase )NP (PP in (NP the meantime )NP )PP )VP )S (VP could (VP *UNK (NP (NP support )NP (PP among (NP voters )NP )PP (PP for (NP the measure )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Not everyone )NP (VP is (ADJP convinced (SBAR (S (NP the state )NP (VP must (VP raise (NP new revenue )NP (S (VP to (VP meet (NP its earthquake needs )NP )VP )VP )S )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(SINV `` (S (NP (NP It )NP )NP (VP 's (ADJP possible )ADJP , (SBAR though (FRAG not (ADJP *UNK )ADJP )FRAG )SBAR , '' (SBAR that (S (NP the state )NP (VP could (VP get (PRT by )PRT (PP with (NP (NP its existing resources )NP and (NP federal help )NP )NP )PP )VP )VP )S )SBAR )VP )S , (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP chairman )NP (PP of (NP (NP the state *UNK 's )NP transportation committee )NP )PP )NP )NP . )SINV  STOP
(S (ADVP Separately )ADVP , (NP (NP two men )NP (VP injured (PP in (NP (NP (NP last week 's )NP *UNKED freeway collapse )NP (PP in (NP Oakland )NP )PP )NP )PP )VP )NP (VP began (NP (NP a legal battle )NP (PP against (NP the state )NP )PP (PP over (SBAR whether (S (NP officials )NP (VP (ADVP *UNKLY )ADVP *UNKED (NP (NP warnings )NP (PP about (NP (NP the structure 's )NP safety )NP )PP )NP )VP )S )SBAR )PP )NP )VP . )S  STOP
(S (NP (NP The claims )NP , (SBAR (WHNP which )WHNP (S (VP (VP were (VP filed (PP with (NP (NP the State Board )NP (PP of (NP Control )NP )PP )NP )PP )VP )VP but (VP will (ADVP probably )ADVP (VP end (PRT up )PRT (PP in (NP court )NP )PP )VP )VP )VP )S )SBAR , )NP (VP are (NP (NP the first )NP (VP *UNKING (ADVP out (PP of (NP (NP the collapse )NP (PP of (NP the so-called *UNKC structure *UNK )NP )PP )NP )PP )ADVP )VP )NP )VP . )S  STOP
(S (NP The men )NP (VP can (VP defeat (NP (NP *UNK )NP (SBAR (WHNP that )WHNP (S (NP states )NP (ADVP often )ADVP (VP *UNK (PP in (NP court )NP )PP )VP )S )SBAR )NP (SBAR by (S (VP showing (SBAR (SBAR that (S (NP officials )NP (VP (VP knew )VP or (VP should (VP have (VP known )VP )VP )VP (SBAR that (S (NP (NP design )NP (PP of (NP the structure )NP )PP )NP (VP was (ADJP defective )ADJP )VP )S )SBAR )VP )S )SBAR and (SBAR that (S (NP they )NP (VP failed (S (VP to (VP make (NP reasonable changes )NP )VP )VP )S )VP )S )SBAR )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (NP A (NAC Board (PP of (NP Control )NP )PP )NAC spokesman )NP (VP (VP said (SBAR (S (NP the board )NP (VP had not (VP seen (NP the claim )NP )VP )VP )S )SBAR )VP and (VP declined (S (VP to (VP comment )VP )VP )S )VP )VP . )S  STOP
(S (NP The following )NP (VP were (PP among (NP (NP (NP yesterday 's )NP offerings and pricings )NP (PP in (NP the U.S. and non-U.S. capital markets )NP )PP )NP )PP , (PP with (NP (NP terms )NP and (NP syndicate manager )NP )NP )PP , (SBAR as (S (VP compiled (PP by (NP Dow Jones Capital Markets Report )NP )PP )VP )S )SBAR )VP : )S  STOP
(NP (NP Exxon Capital Corp. )NP -- (NP (NP (NP (QP $ 200 million )QP )NP (PP of (NP (ADJP 8 1\/4 % )ADJP notes )NP )PP )NP (ADJP due (NP Nov. 1 , 1999 )NP )ADJP , (VP priced (PP at (NP *UNKN )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )NP . )NP  STOP
(S (NP (NP The notes )NP , (SBAR (WHNP which )WHNP (S (VP are (ADJP noncallable )ADJP )VP )S )SBAR , )NP (VP were (VP priced (PP at (PP (NP (NP a spread )NP (PP of (NP 45 basis points )NP )PP )NP above (NP (NP the Treasury 's )NP 10-year note )NP )PP )PP )VP )VP . )S  STOP
(S (S (VP Rated (S (ADJP triple-A )ADJP )S (PP by (NP (NP both (NP (NP Moody 's )NP Investors Service Inc. )NP and (NP (NP Standard & Poor 's )NP Corp. )NP )NP )NP )PP )VP )S , (NP the issue )NP (VP will (VP be (VP sold (PP through (NP Salomon Brothers Inc )NP )PP )VP )VP )VP . )S  STOP
(NP (NP Citicorp )NP -- (NP (NP (NP (QP $ 200 million )QP )NP (PP of (NP (ADJP 8 3\/4 % )ADJP notes )NP )PP )NP (ADJP due (NP Nov. 1 , 1996 )NP )ADJP , (VP priced (PP at (NP *UNKN )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )NP . )NP  STOP
(S (NP The noncallable issue )NP (VP was (VP priced (PP at (PP (NP (NP a spread )NP (PP of (NP 98 basis points )NP )PP )NP above (NP (NP the Treasury 's )NP seven-year note )NP )PP )PP )VP )VP . )S  STOP
(S (S (VP (VP Rated (S (ADJP single-A-1 )ADJP )S (PP by (NP Moody 's )NP )PP )VP and (VP (ADJP double-A )ADJP (PP by (NP S&P )NP )PP )VP )VP )S , (NP the issue )NP (VP will (VP be (VP sold (PP through (NP Salomon Brothers )NP )PP )VP )VP )VP . )S  STOP
(NP (NP (NP *UNKC 's )NP *UNKC Inc. )NP -- (NP (NP (NP (QP $ 150 million )QP )NP (PP of (NP (ADJP 9 1\/4 % )ADJP subordinated notes )NP )PP )NP (ADJP due (NP Nov. 1 , 2001 )NP )ADJP , (VP priced (PP at (NP *UNKN )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )NP . )NP  STOP
(S (NP The noncallable issue )NP (VP was (VP priced (PP at (PP (NP (NP a spread )NP (PP of (NP 140 basis points )NP )PP )NP above (NP (NP the Treasury 's )NP 10-year note )NP )PP )PP )VP )VP . )S  STOP
(S (S (VP (VP Rated (S (ADJP single-A-3 )ADJP )S (PP by (NP Moody 's )NP )PP )VP and (VP (ADJP *UNK- )ADJP (PP by (NP S&P )NP )PP )VP )VP )S , (NP the issue )NP (VP will (VP be (VP sold (PP through (NP (NP underwriters )NP (VP led (PP by (NP Morgan Stanley & Co )NP )PP )VP )NP )PP )VP )VP )VP . )S  STOP
(NP (NP Xerox Corp. )NP -- (NP (NP (NP (QP $ 150 million )QP )NP (PP of (NP (ADJP 8 3\/4 % )ADJP notes )NP )PP )NP (ADJP due (NP Nov. 1 , 1995 )NP )ADJP , (VP priced (PP at (NP *UNKN )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )NP . )NP  STOP
(S (NP The noncallable issue )NP (VP was (VP priced (S (VP to (VP yield (PP (NP 105 basis points )NP above (NP (NP the Treasury 's )NP *UNK note )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (S (VP (VP Rated (S (ADJP single-A-2 )ADJP )S (PP by (NP Moody 's )NP )PP )VP and (VP (ADJP *UNK- )ADJP (PP by (NP S&P )NP )PP )VP )VP )S , (NP the issue )NP (VP will (VP be (VP sold (PP through (NP (NP underwriters )NP (VP led (PP by (NP Salomon Brothers )NP )PP )VP )NP )PP )VP )VP )VP . )S  STOP
(NP (NP American General Finance Corp. )NP -- (NP (NP (NP (QP $ 150 million )QP )NP (PP of (NP 8.45 % notes )NP )PP )NP (ADJP due (NP Oct. 15 , 2009 )NP )ADJP , (PP through (NP Bear , Stearns & Co. )NP )PP , (VP being (VP offered (PP at (NP (NP a price )NP (PP of (NP *UNKN )NP )PP )NP )PP (S (VP to (VP yield (NP 8.50 % )NP )VP )VP )S )VP )VP )NP . )NP  STOP
(S (NP (NP The noncallable issue )NP , (SBAR (WHNP which )WHNP (S (VP has (NP (NP a one-time put )NP (NP Oct. 15 , 1999 )NP )NP )VP )S )SBAR , )NP (VP was (VP priced (PP at (PP (NP (NP a spread )NP (PP of (NP 66 basis points )NP )PP )NP above (NP (NP the Treasury 's )NP 10-year note )NP )PP )PP )VP )VP . )S  STOP
(S (NP The issue )NP (VP is (VP (VP rated (S (ADJP single-A-1 )ADJP )S (PP by (NP Moody 's )NP )PP )VP and (VP (ADJP *UNK- )ADJP (PP by (NP S&P )NP )PP )VP )VP )VP . )S  STOP
(NP (NP Baltimore Gas & Electric Co. )NP -- (NP (NP (NP (QP $ 100 million )QP )NP (PP of (NP (ADJP first and refunding )ADJP mortgage bonds )NP )PP )NP , (ADJP due (NP Oct. 15 , 1999 )NP )ADJP , (PP through (NP Shearson Lehman Hutton Inc. )NP )PP , (VP offered (PP at (NP par )NP )PP (S (VP to (VP yield (NP 8.40 % )NP )VP )VP )S )VP )NP . )NP  STOP
(S (NP The noncallable issue )NP (VP is (VP (VP rated (S (ADJP *UNK- )ADJP )S (PP by (NP Moody 's )NP )PP )VP and (VP (ADJP *UNK- )ADJP (PP by (NP S&P )NP )PP )VP )VP )VP . )S  STOP
(S (NP It )NP (VP was (VP priced (PP at (PP (NP (NP a spread )NP (PP of (NP 55 basis points )NP )PP )NP above (NP (NP the Treasury 's )NP 10-year note )NP )PP )PP )VP )VP . )S  STOP
(NP (NP Massachusetts )NP -- (NP (NP (NP (NP (QP $ 230 million )QP )NP (PP of (NP general obligation bonds )NP )PP )NP , (NP (NP (QP consolidated loan )QP )NP (PP of (NP (NP 1989 )NP , (NP Series D )NP )NP )PP )NP )NP , (ADJP due (NP *UNKN )NP )ADJP , (PP through (NP a Goldman , Sachs & Co. group )NP )PP )NP . )NP  STOP
(S (NP (NP The insured bonds )NP , (VP rated (S (ADJP triple-A )ADJP )S (PP by (NP (NP Moody 's )NP and (NP S&P )NP )NP )PP )VP , )NP (VP were (VP priced (S (VP to (VP yield (PP (PP from (NP (NP *UNKN % )NP (PP in (NP 1990 )NP )PP )NP )PP (PP to (NP (NP *UNKN % )NP (PP in (NP 2009 )NP )PP )NP )PP )PP )VP )VP )S )VP )VP . )S  STOP
(NP (NP (NP *UNKC County School District )NP , (NP Fla. )NP )NP -- (NP (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP school district general obligation bonds )NP )PP )NP , (NP Series 1989 )NP , (ADJP due (NP *UNKN and *UNKN )NP )ADJP , (VP (ADVP tentatively )ADVP priced (PP by (NP a First Boston Corp. group )NP )PP (S (VP to (VP yield (PP (PP from (NP (NP *UNKN % )NP (PP in (NP 1991 )NP )PP )NP )PP (PP to (NP (NP *UNKN % )NP (PP in (NP *UNKN )NP )PP )NP )PP )PP )VP )VP )S )VP )NP . )NP  STOP
(S (NP There )NP (VP are (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP (ADJP 7 1\/8 % )ADJP term bonds )NP )PP (ADJP due (NP *UNKN )NP )ADJP , (VP priced (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )NP )VP . )S  STOP
(S (NP *UNKC bonds )NP (VP are (VP priced (S (VP to (VP yield (NP (QP to 7 )QP % )NP (PP in (NP 1999 )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP The bonds )NP (VP are (VP (VP rated (S (ADJP single-A-1 )ADJP )S (PP by (NP Moody 's )NP )PP )VP and (VP (ADJP *UNK- )ADJP (PP by (NP S&P )NP )PP )VP )VP )VP . )S  STOP
(NP (NP (NP *UNKC City *UNKC *UNKING Authority )NP , (NP Calif. )NP )NP -- (NP (NP (QP $ 145 million )QP )NP (PP of (NP revenue bonds )NP )PP , (NP Series 1989 )NP , (VP (ADVP tentatively )ADVP priced (PP by (NP a Stone & *UNKC group )NP )PP )VP )NP . )NP  STOP
(S (NP The issue )NP (VP includes (NP (NP (QP $ 100 million )QP )NP (PP of (NP insured senior *UNK bonds )NP )PP )NP )VP . )S  STOP
(S (NP These )NP (VP *UNK (PP of (NP (NP (NP (NP current interest bonds )NP (ADJP due (NP *UNKN , *UNKN and *UNKN )NP )ADJP )NP , and (NP (NP capital appreciation bonds )NP (ADJP due (NP *UNKN and 2004 )NP )ADJP )NP )NP , (VP (ADVP tentatively )ADVP priced (S (VP to (VP yield (PP (PP from (NP (NP *UNKN % )NP (PP in (NP 1990 )NP )PP )NP )PP (PP to (NP (NP *UNKN % )NP (PP in (NP *UNKN )NP )PP )NP )PP )PP )VP )VP )S )VP )NP )PP )VP . )S  STOP
(S (NP (NP Bonds )NP (ADJP due (NP *UNKN , 2004 and *UNKN )NP )ADJP )NP (VP are n't (VP being (VP (ADVP formally )ADVP *UNKED )VP )VP )VP . )S  STOP
(S (NP There )NP (VP are (ADVP also )ADVP (NP (NP (QP $ 40 million )QP )NP (PP of (NP *UNKED *UNK *UNK bonds )NP )PP , (ADJP due (NP (NP Dec. 1 , 2008 )NP , and (NP Dec. 1 , *UNKN )NP )NP )ADJP )NP )VP . )S  STOP
(S (NP There )NP (VP are (NP (NP (NP (QP $ *UNKN )QP )NP (PP of (NP (ADJP (QP 7 1\/2 )QP % )ADJP bonds )NP )PP (UCP (VP priced (PP at (NP par )NP )PP )VP and (ADJP due (NP 2008 )NP )ADJP )UCP )NP and (NP (NP $ *UNKN )NP (PP of (NP (ADJP 7.6 % )ADJP bonds )NP )PP (UCP (VP priced (PP at (NP par )NP )PP )VP and (ADJP due (NP *UNKN )NP )ADJP )UCP )NP )NP )VP . )S  STOP
(S (NP The insured bonds )NP (VP are (VP rated (S (ADJP triple-A )ADJP )S (PP by (NP (NP Moody 's )NP and (NP S&P )NP )NP )PP )VP )VP . )S  STOP
(S (NP The *UNKED *UNK *UNK bonds )NP (VP are n't (VP rated , (PP according (PP to (NP the lead underwriter )NP )PP )PP )VP )VP . )S  STOP
(NP (NP West Virginia *UNKC , Economic Development and *UNKC Authority )NP -- (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP *UNK revenue bonds )NP )PP , (NP Series 1989 )NP , (PP with (NP (NP (NP current interest bonds )NP (ADJP due (NP *UNKN and 2019 )NP )ADJP )NP and (NP (NP capital appreciation bonds )NP (ADJP due (NP *UNKN )NP )ADJP )NP )NP )PP , (VP (ADVP tentatively )ADVP priced (PP by (NP a PaineWebber Inc. group )NP )PP (S (VP to (VP yield (PP (PP from (NP (NP 6 % )NP (PP in (NP 1990 )NP )PP )NP )PP (PP to (NP (NP *UNKN % )NP (PP in (NP 2019 )NP )PP )NP )PP )PP )VP )VP )S )VP )NP . )NP  STOP
(S (NP There )NP (VP are (NP (NP $ *UNKN )NP (PP of (NP (ADJP (QP 7 1\/8 )QP % )ADJP bonds )NP )PP (VP priced (PP at (NP 97 3\/4 )NP )PP (S (VP to (VP yield (NP *UNKN % )NP (PP in (NP 2019 )NP )PP )VP )VP )S )VP )NP )VP . )S  STOP
(S (NP Current interest *UNK bonds )NP (VP are (VP (ADVP tentatively )ADVP priced (S (VP to (VP yield (NP (QP to *UNKN )QP % )NP (PP in (NP *UNKN )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP Capital appreciation bonds )NP (VP are (VP priced (S (VP to (VP yield (PP to (NP maturity )NP )PP (PP (PP from (NP (NP 7.10 % )NP (PP in (NP *UNKN )NP )PP )NP )PP (PP to (NP (NP 7.25 % )NP (PP in (NP *UNKN and 2008 )NP )PP )NP )PP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP The bonds )NP (VP are (VP (VP insured )VP and (VP rated (S (ADJP triple-A )ADJP )S (PP by (NP (NP Moody 's )NP and (NP S&P )NP )NP )PP )VP )VP )VP . )S  STOP
(NP (NP Connecticut Housing Finance Authority )NP -- (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP housing mortgage revenue bonds )NP )PP (VP priced (PP by (NP a PaineWebber Inc. group )NP )PP )VP )NP . )NP  STOP
(S (NP (NP The (QP $ *UNKN million )QP )NP (PP of (NP Series B bonds )NP )PP , (SBAR (WHNP which )WHNP (S (VP are n't (ADJP subject (PP to (NP the alternative minimum tax )NP )PP )ADJP )VP )S )SBAR , )NP (VP were (VP priced (PP at (NP par )NP )PP (S (VP to (VP yield (PP (PP from (NP (NP *UNKN % )NP (PP in (NP 2000 )NP )PP )NP )PP (PP to (NP (NP 7.20 % )NP (PP in (NP 2009 )NP )PP )NP )PP )PP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP the (QP $ 50 million )QP )NP (PP of (NP (NP Series C bonds )NP , (SBAR (WHNP which )WHNP (S (VP are (ADJP *UNK (PP to (NP the alternative minimum tax )NP )PP )ADJP )VP )S )SBAR , )NP )PP )NP (VP were (VP priced (PP at (NP par )NP )PP (S (VP to (VP yield (PP (PP from (NP (NP 6.25 % )NP (PP in (NP 1990 )NP )PP )NP )PP (PP to (NP (NP 7.10 % )NP (PP to (NP 2000 )NP )PP )NP )PP )PP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP The issue )NP (VP is (VP expected (S (VP to (VP receive (NP a double-A rating )NP (PP from (NP Moody 's )NP )PP )VP )VP )S )VP )VP )S , (NP the underwriter )NP (VP said )VP . )S  STOP
(S (NP (NP An S&P rating )NP (PP of (ADJP *UNK- )ADJP )PP )NP (VP has (ADVP already )ADVP (VP been (VP confirmed )VP )VP )VP . )S  STOP
(NP (NP (NP *UNKC County )NP , (NP Md. )NP )NP -- (NP (NP (QP $ 75 million )QP )NP (PP of (NP (NP general obligation , Series B , consolidated public improvement bonds )NP (PP of (NP 1989 )NP )PP )NP )PP , (PP through (NP a Manufacturers Hanover Trust Co. group )NP )PP )NP . )NP  STOP
(S (NP (NP The bonds )NP , (VP rated (S (ADJP triple-A )ADJP )S (PP by (NP (NP Moody 's )NP and (NP S&P )NP )NP )PP )VP , )NP (VP were (VP priced (S (VP to (VP yield (PP (PP from (NP (NP *UNKN % )NP )NP (PP in (NP 1990 )NP )PP )PP (PP to (NP (NP *UNKN % )NP (PP in (NP *UNKN to 2009 )NP )PP )NP )PP )PP )VP )VP )S )VP )VP . )S  STOP
(NP (NP Federal Home Loan Mortgage Corp. )NP -- (NP (NP (QP $ 500 million )QP )NP (PP of (NP Remic mortgage securities )NP )PP (VP being (VP offered (PP by (NP Prudential-Bache Capital Funding Inc )NP )PP )VP )VP )NP . )NP  STOP
(S (NP There )NP (VP were (NP (NP no details )NP (ADJP available )ADJP (PP on (NP (NP the pricing )NP (PP of (NP (NP the issue )NP , (NP (NP Freddie Mac 's )NP Series *UNKN )NP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The issue )NP (VP is (VP backed (PP by (NP Freddie Mac (ADJP (QP 8 1\/2 )QP % )ADJP securities )NP )PP )VP )VP . )S  STOP
(NP (NP (NP *UNKC Co . )NP (PRN -LRB- (NP Japan )NP -RRB- )PRN )NP -- (NP (NP *UNKC , (ADJP (QP $ 800 million )QP )ADJP issue )NP (PP of (NP bonds )NP )PP (ADJP due (NP Nov. 9 , 1994 )NP )ADJP , (PP with (NP equity-purchase warrants )NP )PP , (VP indicating (NP (NP a (ADJP (QP 4 3\/8 )QP % )ADJP coupon )NP (PP at (NP par )NP )PP )NP )VP )NP . )NP  STOP
(NP (NP European portion )NP (PP of (NP (QP $ 700 million )QP )NP )PP (PP via (NP Yamaichi International Europe Ltd )NP )PP . )NP  STOP
(NP (NP Asian portion )NP (PP of (NP (QP $ 100 million )QP )NP )PP (PP via (NP *UNKC Securities Europe Ltd )NP )PP . )NP  STOP
(S (NP Each (ADJP $ 5,000 )ADJP bond )NP (VP carries (NP (NP one warrant )NP , (ADJP exercisable (PP (PP from (NP Nov. 28 , 1989 )NP )PP , (PP through (NP Oct. 26 , 1994 )NP )PP )PP )ADJP , (S (VP to (VP buy (NP shares )NP (PP at (NP (NP an expected premium )NP (PP of (NP (QP 2 1\/2 )QP % )NP )PP (PP to (NP the closing share price )NP )PP )NP )PP (SBAR (WHADVP when )WHADVP (S (NP terms )NP (VP are (VP fixed (NP Oct. 26 )NP )VP )VP )S )SBAR )VP )VP )S )NP )VP . )S  STOP
(NP (NP Japan *UNKC *UNKC Co. )NP -- (NP (NP (QP $ 100 million )QP )NP (PP of (NP bonds )NP )PP (ADJP due (NP Nov. 9 , 1993 )NP )ADJP , (PP with (NP equity-purchase warrants )NP )PP , (VP indicating (NP (NP a (ADJP (QP 3 7\/8 )QP % )ADJP coupon )NP (PP at (NP par )NP )PP (PP via (NP Nikko Securities Co . (PRN -LRB- (NP Europe )NP -RRB- )PRN Ltd )NP )PP )NP )VP )NP . )NP  STOP
(S (VP *UNKED (PP by (NP Mitsubishi Bank Ltd )NP )PP )VP . )S  STOP
(S (NP Each (ADJP $ 5,000 )ADJP bond )NP (VP carries (NP (NP one warrant )NP , (ADJP exercisable (PP (PP from (NP Nov. 27 , 1989 )NP )PP , (PP through (NP Oct. 26 , 1993 )NP )PP , )PP )ADJP (S (VP to (VP buy (NP shares )NP (PP at (NP (NP an expected premium )NP (PP of (NP (QP 2 1\/2 )QP % )NP )PP (PP to (NP the closing share price )NP )PP )NP )PP (SBAR (WHADVP when )WHADVP (S (NP terms )NP (VP are (VP fixed (NP Nov. 1 )NP )VP )VP )S )SBAR )VP )VP )S )NP )VP . )S  STOP
(NP (NP (NP *UNKC Inc . )NP (PRN -LRB- (NP Japan )NP -RRB- )PRN )NP -- (NP (NP (QP $ 100 million )QP )NP (PP of (NP bonds )NP )PP (ADJP due (NP Nov. 9 , 1993 )NP )ADJP , (PP with (NP equity-purchase warrants )NP )PP , (VP indicating (NP (NP a (ADJP (QP 3 7\/8 )QP % )ADJP coupon )NP (PP at (NP par )NP )PP )NP )VP , (PP via (NP Nomura International )NP )PP )NP . )NP  STOP
(S (VP Guaranteed (PP by (NP *UNKC *UNKC Bank Ltd )NP )PP )VP . )S  STOP
(S (NP Each (ADJP $ 5,000 )ADJP bond )NP (VP carries (NP (NP one warrant )NP , (ADJP exercisable (PP (PP from (NP Nov. 21 , 1989 )NP )PP , (PP through (NP Oct. 19 , 1993 )NP )PP , )PP )ADJP (S (VP to (VP buy (NP shares )NP (PP at (NP (NP an expected premium )NP (PP of (NP (QP 2 1\/2 )QP % )NP )PP (PP to (NP the closing share price )NP )PP )NP )PP (SBAR (WHADVP when )WHADVP (S (NP terms )NP (VP are (VP fixed (NP Oct. 31 )NP )VP )VP )S )SBAR )VP )VP )S )NP )VP . )S  STOP
(NP (NP (NP Nippon *UNKC Co . )NP (PRN -LRB- (NP Japan )NP -RRB- )PRN )NP -- (NP (NP (QP 80 million )QP marks )NP (PP of (NP bonds )NP )PP (PP with (NP equity-purchase warrants )NP )PP , (VP indicating (NP a (ADJP (QP 1 1\/2 )QP % )ADJP coupon )NP )VP , (ADJP due (NP Nov. 9 , 1994 )NP )ADJP , and (VP priced (PP at (NP par )NP )PP )VP , (PP via (NP *UNKC )NP )PP )NP . )NP  STOP
(S (VP Guaranteed (PP by (NP (NP Fuji Bank )NP )NP )PP )VP . )S  STOP
(S (NP Each (ADJP 5,000 mark )ADJP bond )NP (VP carries (NP (NP (NP one warrant )NP and (NP (NP one *UNK )NP (PP for (NP four warrants )NP )PP )NP )NP , (ADJP exercisable (PP (PP from (NP Dec. 18 , 1989 )NP )PP , (PP to (NP Oct. 26 , 1994 )NP )PP , )PP )ADJP (S (VP to (VP buy (NP shares )NP (PP at (NP (NP an expected premium )NP (PP of (NP (QP 2 1\/2 )QP % )NP )PP (PP above (NP the closing share price )NP )PP )NP )PP (SBAR (WHADVP when )WHADVP (S (NP prices )NP (VP are (VP fixed (NP Oct. 30 )NP )VP )VP )S )SBAR )VP )VP )S )NP )VP . )S  STOP
(NP (NP (NP *UNKC Oil & *UNKC Co . )NP (PRN -LRB- (NP Japan )NP -RRB- )PRN )NP -- (NP (NP (QP 120 million )QP Swiss francs )NP (PP of (NP (ADJP privately placed )ADJP convertible notes )NP )PP (ADJP due (NP Dec. 31 , 1993 )NP )ADJP , (PP with (NP a fixed (ADJP 0.25 % )ADJP coupon )NP )PP (PP at (NP par )NP )PP , (PP via (NP (NP Union Bank )NP (PP of (NP Switzerland )NP )PP )NP )PP )NP . )NP  STOP
(NP (NP Put option )NP (PP on (NP Dec. 31 , 1991 )NP )PP , (PP at (NP a fixed 107 )NP )PP (SBAR (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )SBAR . )NP  STOP
(NP (NP Each (ADJP 50,000 Swiss franc )ADJP bond )NP (ADJP convertible (PP (PP from (NP Nov. 28 , 1989 )NP )PP , (PP to (NP Dec. 20 , 1993 )NP )PP , )PP (PP at (NP (NP a (ADJP 5 % )ADJP premium )NP (PP over (NP (NP closing share price )NP (NP (NP Oct. 30 )NP , (SBAR (WHADVP when )WHADVP (S (NP terms )NP (VP are (VP scheduled (S (VP to (VP be (VP fixed )VP )VP )VP )S )VP )VP )S )SBAR )NP )NP )PP )NP )PP )ADJP . )NP  STOP
(NP (NP (NP *UNKC *UNKC . )NP (PRN -LRB- (NP Netherlands )NP -RRB- )PRN )NP -- (NP (NP (QP 150 million )QP Swiss francs )NP (PP of (NP convertible bonds )NP )PP (ADJP due (NP Nov. 15 , 1997 )NP )ADJP , (PP with (NP a fixed (ADJP 4 % )ADJP coupon )NP )PP (PP at (NP par )NP )PP (PP via (NP (NP Union Bank )NP (PP of (NP Switzerland )NP )PP )NP )PP )NP . )NP  STOP
(NP (NP Each (ADJP 5,000 Swiss franc )ADJP bond )NP (ADJP convertible (PP (PP from (NP Jan. 3 , 1989 )NP )PP , (PP to (NP Oct. 31 , 1997 )NP )PP )PP )ADJP . )NP  STOP
(FRAG (NP Fees )NP (NP 2 1\/8 )NP . )FRAG  STOP
(NP (NP (NP *UNKC Lion Ltd . )NP (PRN -LRB- (NP Japan )NP -RRB- )PRN )NP -- (NP (NP (QP 50 million )QP Swiss francs )NP (PP of (NP (ADJP privately placed )ADJP convertible notes )NP )PP (ADJP due (NP Dec. 31 , 1994 )NP )ADJP , (PP with (NP a (ADJP 0.25 % )ADJP coupon )NP )PP (PP at (NP par )NP )PP , (PP via (NP (NP Yamaichi Bank )NP (PRN -LRB- (NP Switzerland )NP -RRB- )PRN )NP )PP )NP . )NP  STOP
(NP (NP Put option )NP (PP on (NP Dec. 31 , 1991 )NP )PP , (PP at (NP an indicated 107 7\/8 )NP )PP (SBAR (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )SBAR . )NP  STOP
(NP (NP Each (ADJP 50,000 Swiss franc )ADJP note )NP (ADJP convertible (PP (PP from (NP Dec. 1 , 1989 )NP )PP , (PP to (NP Dec. 16 , 1994 )NP )PP )PP , (PP at (NP (NP (ADJP 5 % )ADJP premium )NP (PP over (NP (NP the closing share price )NP (NP (NP Oct. 26 )NP , (SBAR (WHADVP when )WHADVP (S (NP terms )NP (VP are (VP scheduled (S (VP to (VP be (VP fixed )VP )VP )VP )S )VP )VP )S )SBAR )NP )NP )PP )NP )PP )ADJP . )NP  STOP
(NP (NP Credit *UNKC de France )NP -- (NP (NP (QP 100 million )QP Swiss francs )NP (PP of (NP (ADJP 6 % )ADJP , (ADJP privately placed )ADJP notes )NP )PP (ADJP due (NP Dec. 1 , 1996 )NP )ADJP , (VP priced (PP at (NP 100 1\/2 )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP , (PP via (NP Swiss Bank Corp )NP )PP )NP . )NP  STOP
(S (NP People )NP (VP start (NP their own businesses )NP (PP for (NP many reasons )NP )PP )VP . )S  STOP
(S But (NP a chance (S (VP to (VP fill (PRT out )PRT (NP *UNK- records )NP )VP )VP )S )NP (VP is (ADVP rarely )ADVP (NP (NP one )NP (PP of (NP them )NP )PP )NP )VP . )S  STOP
(S (NP Red tape )NP (VP is (NP (NP the *UNK )NP (PP of (NP small business )NP )PP )NP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP (NP the person )NP (SBAR (WHNP who )WHNP (S (VP wants (S (VP to (VP run (NP his or her own business )NP )VP )VP )S )VP )S )SBAR )NP (VP is (ADVP probably )ADVP (NP (NP the active , *UNKED sort )NP (ADJP most likely (S (VP to (VP hate (S (VP meeting (NP (NP the (NX (NX rules )NX and (NX *UNKING demands )NX )NX )NP (PP of (NP (UCP federal , state and local )UCP regulators )NP )PP )NP )VP )S )VP )VP )S )ADJP )NP )VP . )S  STOP
(S Yet (NP every business owner )NP (VP (VP has (S (VP to (VP face (NP (NP the *UNK )NP (PP of (NP forms and regulations )NP )PP )NP )VP )VP )S )VP -- and (VP (ADVP often )ADVP is (NP (NP the only one )NP (ADJP available (S (VP to (VP *UNK (NP it )NP )VP )VP )S )ADJP )NP )VP )VP . )S  STOP
(S (NP There )NP (VP is (NP (NP hope )NP (PP of (NP change )NP )PP )NP )VP . )S  STOP
(S (NP Last week )NP , (NP (NP Sen. Malcolm *UNKC )NP (PRN -LRB- (NP R. )NP , (NP *UNKC . )NP -RRB- )PRN )NP (VP held (NP (NP hearings )NP (PP on (NP (NP a bill )NP (SBAR (S (VP to (VP strengthen (NP (NP an existing law )NP (VP designed (S (VP to (VP reduce (NP regulatory *UNK )NP (PP for (NP small businesses )NP )PP )VP )VP )S )VP )NP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(SINV `` (S (NP A great many federal regulations )NP (VP (VP are (VP meant (PP for (NP larger entities )NP )PP )VP )VP and (VP do n't (ADVP really )ADVP (VP apply (PP to (NP small businesses )NP )PP )VP )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a legislative aide )NP (PP to (NP Sen. *UNKC )NP )PP )NP )NP . )SINV  STOP
(S (NP Other lawmakers )NP (VP are (ADJP busy (S (VP trying (S (VP to (VP revive (NP (NP the (ADJP recently *UNKED )ADJP *UNKC *UNKC Act )NP , (SBAR (WHNP which )WHNP (S (NP many )NP (VP feel (SBAR (S (VP benefited (NP small enterprises )NP )VP )S )SBAR )VP )S )SBAR )NP )VP )VP )S )VP )S )ADJP )VP . )S  STOP
(S (ADVP Thus )ADVP , (NP optimistic entrepreneurs )NP (VP *UNK (NP (NP (NP a promised land )NP (PP of (NP less red tape )NP )PP )NP -- (ADVP just as soon (SBAR as (S (NP *UNKC Sam )NP (VP gets (ADVP around )ADVP (PP to (S (VP *UNKING (NP it )NP )VP )S )PP )VP )S )SBAR )ADVP )NP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP they )NP (VP (VP *UNK (NP (NP the *UNK )NP (PP of (NP paper )NP )PP )NP )VP -- and (VP *UNK (PP about (NP (NP a dream world )NP (SBAR (WHADVP where )WHADVP (S (NP (NP *UNK- *UNK regulations )NP and (NP government *UNK )NP )NP (VP are (VP *UNKED )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (S (VP To (VP find (PRT out )PRT (SBAR (WHNP what red tape )WHNP (S (VP *UNK (NP entrepreneurs )NP (ADVP most )ADVP )VP )S )SBAR )VP )VP )S , (NP the Journal )NP (VP asked (NP (NP a (ADJP completely *UNK , *UNK )ADJP *UNK )NP (PP of (NP business owners )NP )PP )NP (S (VP to (VP *UNK (PP about (NP (NP the forms and regulations )NP (SBAR (S (NP they )NP (VP would (VP (ADVP most )ADVP like (S (VP to (VP get (VP lost (PP in (NP the mail )NP )PP )VP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Some entrepreneurs )NP (VP say (SBAR (S (NP (NP the red tape )NP (SBAR (S (NP they )NP (VP (ADVP most )ADVP love (S (VP to (VP hate )VP )VP )S )VP )S )SBAR )NP (VP is (NP (NP red tape )NP (SBAR (S (NP they )NP (VP would (ADVP also )ADVP (VP hate (S (VP to (VP lose )VP )VP )S )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP concede (SBAR that (S (NP (NP (NP much )NP (PP of (NP the government *UNKING )NP )PP )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP them )NP )VP )S )SBAR )NP (VP is (ADJP essential (PP (PP to (NP the public good )NP )PP , and (ADVP even )ADVP (PP to (NP their own businesses )NP )PP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP (NP (NP *UNKC )NP (SBAR (WHNP that )WHNP (S (VP (VP set (NP (NP standards )NP (PP for (NP products )NP )PP )NP )VP or (VP *UNK (NP business behavior )NP )VP )VP )S )SBAR )NP , generally (NP (NP the (ADJP best regarded )ADJP form )NP (PP of (NP red tape )NP )PP )NP , )NP `` (VP (VP create (NP a level playing field )NP )VP and (VP keep (NP *UNK competitors )NP (PRT away )PRT )VP )VP )S , '' (VP says )VP (NP (NP *UNKC West )NP , (NP (NP president )NP (PP of (NP (NP *UNKC International Inc. )NP , (NP (NP a (NP (NP *UNKC )NP , (NP Va. )NP , )NP business )NP (SBAR (WHNP that )WHNP (S (VP designs (NP (UCP *UNK and other )UCP products )NP )VP )S )SBAR )NP )NP )PP )NP )NP . )SINV  STOP
(S (S (NP Mr. West )NP (VP *UNK (NP (NP the Federal Communications Commission )NP and (NP (NP its standards )NP (PP for (NP telecommunications equipment )NP )PP )NP )NP )VP )S : `` (S (NP They )NP (VP (VP monitor (NP product quality )NP )VP and (VP prevent (NP junk )NP (PP from (S (VP *UNKING (NP the market )NP )VP )S )PP )VP )VP )S . '' )S  STOP
(S (S (NP (NP Some *UNK )NP (PP about (NP red tape )NP )PP )NP (VP are (ADJP *UNK )ADJP )VP )S : (S (S (NP *UNKC )NP (VP complain (PP about (NP (NP a host )NP (PP of (NP building regulations )NP )PP )NP )PP )VP )S , (S (NP auto leasing companies )NP (PP about (NP car insurance rules )NP )PP )S )S . )S  STOP
(SINV (S (S (VP *UNKING (SBAR (WHADVP when )WHADVP (S (NP *UNKED access )NP (VP is (VP required )VP )VP )S )SBAR )VP )S (VP can (VP be (NP a *UNK )NP (PP for (NP *UNK )NP )PP )VP )VP )S , (VP says )VP (NP (NP Mark *UNKING )NP , (NP (NP president )NP (PP of (NP (NP *UNKING & Co. )NP , (NP a (NP (NP *UNKC )NP , (NP Mass. )NP , )NP *UNK firm )NP )NP )PP )NP )NP . )SINV  STOP
(S (S (NP There )NP (VP is (NP (NP such a *UNK )NP (PP of (NP (UCP federal , state and local )UCP *UNK )NP )PP (SBAR that `` (S (NP building *UNK )NP (VP are (VP backing (ADVP away (PP from (S (VP *UNKING (NP them )NP )VP )S )PP )ADVP )VP )VP )S )SBAR )NP )VP )S , '' (NP Mr. *UNKING )NP (VP says )VP . )S  STOP
(S (NP (NP (UCP *UNKC , leasing and other )UCP companies )NP (SBAR (WHNP that )WHNP (S (VP maintain (NP (NP *UNK )NP (PP of (NP vehicles )NP )PP )NP )VP )S )SBAR )NP (VP *UNK (NP substantial resources )NP (PP to (S (VP *UNKING (PP with (NP (NP state insurance laws )NP and (NP (NP a host )NP (PP of (NP agencies )NP )PP )NP )NP )PP )VP )S )PP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's (ADJP very costly and *UNKING )ADJP )VP )S , '' (VP says )VP (NP (NP *UNKC Rosen )NP , (NP (NP a partner )NP (PP in (NP (NP *UNKC & *UNKING Management Inc. )NP , (NP a Boston *UNKING company )NP )NP )PP )NP )NP . )SINV  STOP
(S (S (NP (NP One senior executive )NP (PP at (NP his firm )NP )PP )NP (VP spends (NP (NP (QP nearly 20 )QP % )NP (PP of (NP his time )NP )PP )NP (PP on (NP insurance )NP )PP )VP )S , (NP he )NP (VP says )VP . )S  STOP
(S (NP (NP Other forms )NP (PP of (NP red tape )NP )PP )NP (VP are (ADJP more *UNK )ADJP )VP . )S  STOP
(S (NP The (ADJP most *UNK )ADJP )NP (PRN , (S (NP many entrepreneurs )NP (VP say )VP )S , )PRN (VP is (NP (NP the *UNKING and filing )NP (VP required (PP by (NP tax authorities )NP )PP )VP )NP )VP . )S  STOP
(S (S (VP *UNKING (PP with (NP (UCP environmental and *UNK )UCP regulations )NP )PP )VP )S (VP runs (NP a close second )NP )VP . )S  STOP
(S But (NP *UNK )NP (VP run (NP the *UNK )NP )VP . )S  STOP
(SINV (ADVP Here )ADVP (VP is )VP (NP (NP the red tape )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP surveyed business owners )NP (ADVP the most )ADVP )VP )S )SBAR )NP : )SINV  STOP
(NP *UNKC *UNKC : )NP  STOP
(S (ADVP Next (PP to (NP medical insurance )NP )PP )ADVP , `` (NP (NP costs )NP (PP of (NP compliance )NP )PP )NP '' (VP are (NP the *UNKING expense )NP (PP at (NP (NP *UNKC Inc. )NP , (NP a (NP (NP *UNKC )NP , (NP *UNKC )NP , )NP chemical company )NP )NP )PP )VP . )S  STOP
(S (NP (NP Peter *UNKC )NP , (NP (NP the company 's )NP owner )NP , )NP (VP says (SBAR (S (NP (NP spending )NP (PP on (NP (NP regulatory paper work )NP and (NP (NP the people )NP (SBAR (S (VP to (VP do (NP it )NP )VP )VP )S )SBAR )NP )NP )PP -- (SBAR (ADVP mostly )ADVP (S (VP to (VP comply (PP with (NP (UCP federal , state and local )UCP environmental laws )NP )PP )VP )VP )S )SBAR -- )NP (VP will (VP rise (NP (QP almost 30 )QP % )NP (NP this year )NP (PP to (NP $ 100,000 )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP adds (SBAR that (S (NP (NP spending )NP (PP on (NP environmental red tape )NP )PP )NP (VP amounts (PP to (NP (NP (QP between 6.5 % and 7.5 % )QP )NP (PP of (NP (NP *UNKC 's )NP total operating expenses )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP (NP Eastern *UNKC Corp. )NP , (NP (NP a (NP (NP *UNKC )NP , (NP Mass. )NP , )NP maker )NP (PP of (NP thin metal *UNK parts )NP )PP )NP , )NP (VP must (VP report (PP (PP to (NP five (UCP federal and state )UCP agencies )NP )PP as well as (PP to (NP local fire , police , hospital and *UNKING authorities )NP )PP )PP )VP )VP )S , (VP says )VP (NP (NP Robert *UNKC )NP , (NP president )NP )NP . )SINV  STOP
(S (S (NP One state environmental regulator )NP (VP returned (NP a report )NP (SBAR because `` (S (S (NP it )NP (VP was n't (ADJP heavy enough )ADJP )VP )S , (S (NP it )NP (VP could n't (VP have (VP been (ADJP correct )ADJP )VP )VP )VP )S )S )SBAR )VP )S , '' (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(NP *UNKC *UNKC : )NP  STOP
(S (S (NP *UNKC )NP (VP must (VP (VP deposit (NP (NP *UNKING taxes )NP (VP exceeding (NP $ 3,000 )NP )VP )NP (PP within (NP three days )NP )PP (PP after (NP payroll )NP )PP )VP -- or (VP pay (NP stiff penalties )NP )VP )VP )VP )S -- and (S (NP that )NP (VP 's (NP a big problem )NP (PP for (NP small businesses )NP )PP )VP )S . )S  STOP
(SINV (S (NP It )NP (VP 's (ADJP especially *UNK )ADJP `` (SBAR if (S (S (NP you )NP (VP 're (PP on (NP the road )NP )PP )VP )S and (S (NP you )NP (VP 're (NP (NP the one )NP (ADJP responsible )ADJP )NP )VP )S )S )SBAR )VP )S , '' (VP says )VP (NP (NP Eddie Brown )NP , (NP (NP president )NP (PP of (NP (NP Brown Capital Management Inc. )NP , (NP a Baltimore *UNK- firm )NP )NP )PP )NP )NP . )SINV  STOP
(NP *UNKC *UNKC : )NP  STOP
(S (S (VP *UNKING (NP (NP employee *UNK )NP (PP on (NP (NP *UNK )NP , (NP health care )NP and (NP other subjects )NP )NP )PP )NP )VP )S (VP costs (NP (NP (QP over $ 25,000 )QP )NP (NP a year )NP )NP (PP for (NP (NP *UNKC *UNKC )NP , (NP (NP president )NP (PP of (NP (NP Professional *UNKC Management Inc. )NP , (NP (NP a (NP (NP *UNKC )NP , (NP Calif. )NP , )NP provider )NP (PP of (NP business services )NP )PP (PP to (NP farmers )NP )PP )NP )NP )PP )NP )NP )PP )VP . )S  STOP
(S (S (NP An employer )NP (VP leaves (S (NP itself )NP (ADJP open (PP to (NP (NP a great deal )NP (PP of (NP liability )NP )PP )NP )PP )ADJP )S (SBAR if (S (NP its employee *UNK )NP (VP do n't (VP reflect (NP the (ADJP most recent )ADJP laws )NP )VP )VP )S )SBAR )VP )S , (NP he )NP (VP says )VP . )S  STOP
(S (S But (NP the *UNKING laws )NP (VP are (ADVP usually )ADVP (ADJP (ADJP so complicated and confusing )ADJP (SBAR that `` (S (S (NP you )NP (VP need (S (NP professionals )NP (VP to (VP help (NP you )NP )VP )VP )S )VP )S ; (S (NP you )NP (VP ca n't (VP do (NP it )NP (NP *UNK )NP )VP )VP )S )S )SBAR )ADJP )VP )S , '' (NP he )NP (VP adds )VP . )S  STOP
(NP *UNKC AND *UNKC *UNKC : )NP  STOP
(S (S (VP *UNKING (PP with (NP these )NP )PP )VP )S (VP is (NP enough (S (VP to (VP make (S (NP business owners )NP (VP look (ADVP forward (PP to (NP their own pension days )NP )PP )ADVP )VP )S )VP )VP )S )NP )VP . )S  STOP
(S (NP (NP *UNKLY changes )NP (PP in (NP federal benefit laws )NP )PP )NP (VP force (S (NP small businesses )NP (VP to (ADVP repeatedly )ADVP (VP *UNK- and *UNK (NP existing plans )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP runs (NP (NP her own public-relations concern )NP (PP in (NP New York )NP )PP )NP )VP )S )SBAR , )NP (VP says (SBAR (S (NP she )NP (VP has (VP had (S (VP to (VP overhaul (NP her pension and *UNKING plans )NP (NP three times )NP (PP in (NP the past three years )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (S (NP It )NP (VP does n't (VP increase (NP benefits )NP )VP )VP )S , but (S (NP it )NP (VP 's (ADJP costly and *UNKING )ADJP )VP )S )S , '' (NP Ms. *UNKC )NP (VP says )VP . )S  STOP
(S (S (NP *UNKC )NP (VP added (NP (QP 15 % to 20 % )QP )NP (PP to (NP her accounting bill )NP )PP (NP last year )NP )VP )S , (NP she )NP (VP says )VP . )S  STOP
(NP *UNKC *UNKC *UNKC : )NP  STOP
(S (S (NP (NP Advertising agencies )NP and (NP other service companies )NP )NP (VP are (ADJP exempt (PP from (NP city and state sales tax )NP )PP )ADJP (PP in (NP most *UNK )NP )PP )VP )S -- but (S (NP the *UNK )NP (VP comes (PP at (NP (NP a price )NP (PP of (NP (NP *UNK records )NP and (NP *UNK reviews )NP )NP )PP )NP )PP )VP )S . )S  STOP
(S (S (VP To (VP (VP justify (NP their exempt status )NP )VP and (VP avoid (NP penalties )NP )VP )VP )VP )S , (NP these businesses )NP (VP must (VP show (ADVP once a year )ADVP (SBAR that (S (NP (NP (ADJP each and every )ADJP transaction )NP (SBAR (WHPP on (WHNP which )WHNP )WHPP (S (NP they )NP (VP did n't (VP pay (NP sales tax )NP )VP )VP )S )SBAR )NP (VP was (NP a legitimate business expense )NP )VP )S )SBAR )VP )VP . )S  STOP
(SINV `` (S (NP You )NP (VP need (NP (NP one person )NP (SBAR (S (VP to (ADVP just )ADVP (VP take (NP care )NP (PP of (NP sales tax )NP )PP )VP )VP )S )SBAR )NP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP executive vice president )NP (PP of (NP (NP Lee *UNKC & *UNKC Advertising Inc. )NP , (NP New York )NP )NP )PP )NP )NP . )SINV  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP the *UNKC *UNKC *UNKC )NP (VP named (S (NP *UNKC Bogart )NP (NP its artistic director )NP )S (NP last spring )NP )VP )S )SBAR , (NP (NP the nation 's )NP *UNK *UNK )NP (VP *UNKED (NP a collective *UNK )NP )VP . )S  STOP
(S (NP (NP Ms. Bogart )NP , (NP (NP an *UNKED *UNK )NP (PP of (NP (NP *UNKED dramatic *UNK )NP (SBAR (WHNP that )WHNP (S (VP *UNK (PP into (NP (NP such *UNKED *UNK )NP (PP as (NP (NP *UNKC and *UNKC 's )NP `` (NX South Pacific )NX )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP , '' )NP (VP is (ADJP *UNKLY downtown )ADJP )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (ADVP meanwhile )ADVP (VP is (NP (NP one )NP (PP of (NP (NP the nation 's )NP (ADJP (ADJP *UNK )ADJP and (ADJP most *UNKED )ADJP )ADJP regional *UNK )NP )PP )NP , (S (ADVP still )ADVP (VP *UNKING (NP an annual `` (NX A Christmas Carol )NX )NP )VP )S )VP . '' )S  STOP
(SBARQ (WHADVP How )WHADVP (SQ would (NP (NP this *UNK )NP (PP of (NP traditional values )NP )PP )NP (VP fare (PP in (NP (NP Ms. Bogart 's )NP *UNK hands )NP )PP )VP )SQ ? )SBARQ  STOP
(S (NP She )NP (VP held (NP her fire )NP (PP with (NP (NP her first production )NP (PP at (NP the *UNKC )NP )PP (NP earlier this season )NP )NP )PP )VP . )S  STOP
(S (NP It )NP (VP was (NP (NP a *UNK revival )NP (PP of (NP (NP her *UNKING *UNK- *UNK )NP (PP of (NP (NP *UNKC *UNKC 's )NP *UNK *UNK )NP )PP , (VP called (S `` (NP (NP No *UNKC )NP , (NP No *UNKC )NP )NP )S )VP )NP )PP )NP )VP . '' )S  STOP
(S (ADVP Now )ADVP , (PP with (NP (NP the opening )NP (PP of (NP (NP *UNKC *UNKC 's )NP *UNKING `` (NX *UNKC )NX )NP )PP )NP )PP , '' (NP Ms. Bogart )NP (VP has (VP laid (NP her cards )NP (PP on (NP the table )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (NP (NP a hand )NP (SBAR (WHNP that )WHNP (S (VP will (VP test (NP (NP the *UNK )NP (PP of (NP her audiences )NP )PP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S For (NP (NP Ms. Bogart )NP , (SBAR (WHNP who )WHNP (S (VP (VP (ADVP initially )ADVP studied and directed (PP in (NP Germany )NP )PP )VP (PRN -LRB- and (VP *UNK (NP (NP such European directors )NP (PP as (NP (NP Peter Stein )NP , (NP *UNKC *UNKC )NP and (NP *UNKC *UNKC )NP )NP )PP )NP (PP as (NP *UNK )NP )PP )VP -RRB- )PRN )VP )S )SBAR )NP (VP tends (S (VP to (VP stage (NP her *UNK )NP (PP with (NP a *UNKC *UNK )NP )PP -- (SBAR whether (S (NP the text )NP (VP demands (NP it )NP )VP )S or not )SBAR )VP )VP )S )VP . )S  STOP
(S And (NP Gorky )NP , (S (VP considered (S (NP (NP the father )NP (PP of (NP Soviet socialist *UNK )NP )PP )NP )S )VP )S , (VP did not (VP write (NP (NP plays )NP (SBAR (WHNP that )WHNP (S (VP (ADVP easily )ADVP lend (NP themselves )NP (PP to (NP (ADJP deliberately *UNK )ADJP *UNKING techniques )NP )PP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP Gorky )NP (VP was (NP (NP a (ADJP (ADJP loyal )ADJP if (ADJP occasionally *UNK )ADJP )ADJP *UNK writer )NP (VP committed (PP to (S (VP *UNKING (NP the *UNK )NP (PP with (NP (NP plain speaking )NP (VP *UNKED (PP in (NP (NP a slightly sour version )NP (PP of (NP *UNKC *UNK )NP )PP )NP )PP )VP )NP )PP )VP )S )PP )VP )NP )VP . )S  STOP
(S And `` (NP *UNKC )NP , '' (S (VP *UNKED (PP in (NP *UNKN )NP )PP (PP as (NP (NP a kind )NP (PP of (NP (NP *UNK )NP (PP to (NP (NP *UNKC 's )NP `` (NX *UNKC *UNKC )NX )NP )PP )NP )PP )NP )PP )VP )S , '' (VP is (NP (NP a lawn party )NP (PP of (NP (NP Russian *UNK )NP (VP engaged (PP in (NP (NP an *UNKING ideological fight )NP (PP to (NP the finish )NP )PP (PP between (NP (NP the *UNK )NP and (NP the *UNK )NP )NP )PP )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(S (PP Along (NP the way )NP )PP (NP there )NP (ADVP also )ADVP (VP are (NP (NP lots )NP (PP of (NP *UNK *UNK )NP )PP )NP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP (NP Ms. Bogart )NP (VP has (VP kept (S (NP (NP Gorky 's )NP time and place )NP (ADJP intact )ADJP )S )VP )VP . )S  STOP
(S (PP Despite (NP (NP (NP the absence )NP (PP of (NP *UNK )NP )PP )NP (PRN -LRB- and (NP a *UNK (S (VP to (VP turn (NP the furniture )NP (ADVP *UNK down )ADVP )VP )VP )S )NP -RRB- )PRN )NP )PP , (NP the production )NP (VP is (ADJP rich (PP in (NP (NP Russian *UNK )NP (VP *UNKED (PP by (NP (NP *UNK *UNK )NP (VP *UNKING (NP (NP *UNK *UNK )NP and (NP *UNKED cotton )NP )NP )VP , (PP with (NP (NP (NP *UNK )NP and (NP fishing *UNK )NP )NP (ADVP *UNK )ADVP )NP )PP )NP )PP )VP )NP )PP )ADJP )VP . )S  STOP
(S But (PP beyond (NP (NP this *UNK *UNK )NP (PP to (NP tradition )NP )PP )NP )PP , (NP Ms. Bogart and company )NP (VP head (ADVP off )ADVP (PP in (NP (NP a *UNK direction )NP (SBAR (WHNP that )WHNP (S (VP (ADVP all but )ADVP *UNK (NP (NP Gorky 's )NP *UNK drama )NP (PP into (NP (NP something )NP (ADJP *UNK (PP to , (INTJ well )INTJ , (NP *UNK )NP )PP )ADJP )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP The director 's )NP attempt (S (VP to (VP force (NP some *UNKC distance )NP (PP between (NP (NP her actors )NP and (NP their characters )NP )NP )PP )VP )VP )S )NP (ADVP frequently )ADVP (VP *UNK (PP with (NP (NP performances )NP (SBAR (WHNP that )WHNP (S (VP are (ADJP *UNKLY *UNKED )ADJP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (ADVP Not only )ADVP (SINV do (NP the actors )NP (VP (VP stand (PP outside (NP their characters )NP )PP )VP and (VP make (S (NP it )NP (ADJP clear )ADJP (SBAR (S (NP they )NP (VP are (PP at (NP (NP odds )NP (PP with (NP them )NP )PP )NP )PP )VP )S )SBAR )S )VP )VP )SINV , but (S (NP they )NP (ADVP often )ADVP (ADVP literally )ADVP (VP stand (PP on (NP their heads )NP )PP )VP )S . )S  STOP
(S (PP Like (NP Peter *UNKC )NP )PP , (NP Ms. Bogart )NP (VP *UNK (NP her actors )NP (SBAR as if (S (NP they )NP (VP were (NP *UNK *UNK )NP )VP )S )SBAR , (S (VP (VP *UNKING (NP them )NP (PP on (NP *UNK )NP )PP )VP , (VP *UNKING (NP them )NP (PP off (NP tables )NP )PP )VP , (ADVP even )ADVP (VP *UNKING (NP them )NP (PP from (NP *UNK )NP )PP (SBAR while (S (VP having (S (NP them )NP (VP perform (NP (NP some *UNK *UNK )NP (PP of (NP *UNK- )NP )PP )NP )VP )S )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP There )NP (VP are (NP (NP moments )NP (PP in (NP this `` (NX *UNKC )NX '' )NP )PP (SBAR (WHADVP when )WHADVP (S (NP (NP the characters )NP (VP *UNKING (NP (NP the vast *UNK country house )NP (PRN -LRB- (SBAR (WHNP which )WHNP (S (VP (VP looks (PP like (NP (NP a *UNK )NP (PP of (NP Frank Lloyd Wright )NP )PP )NP )PP )VP and (VP is (VP designed (PP by (NP *UNKC *UNKC )NP )PP )VP )VP )VP )S )SBAR -RRB- )PRN )NP )VP )NP (VP *UNK (NP *UNK *UNK *UNK )NP (PP with (NP (NP the *UNK- *UNK- *UNKING )NP (PP of `` (NP *UNKC In )NP )PP )NP )PP )VP )S )SBAR )NP )VP . '' )S  STOP
(S `` (S (NP *UNKC )NP (VP *UNK (PP from (SBAR (WHADVP where )WHADVP (S (NP it )NP (VP *UNK )VP )S )SBAR )PP )VP )S , '' (NP (NP one )NP (PP of (NP them )NP )PP )NP (VP says )VP . )S  STOP
(S (S (NP (NP The *UNK )NP (PP of (NP *UNK )NP )PP )NP (VP *UNK (NP this treatment )NP )VP )S , but (S (NP (NP the *UNK and *UNK )NP (PP of (NP (NP Gorky 's )NP individual characters )NP )PP )NP (VP have (VP *UNKED (PP in (NP the *UNK )NP )PP )VP )VP )S . )S  STOP
(S (PP As (PP for (NP (NP the *UNK )NP (SBAR (WHNP that )WHNP (S (NP (NP Gorky 's )NP text )NP (VP provides )VP )S )SBAR )NP )PP )PP , (SBAR (WHADVP when )WHADVP (S (VP *UNKED (PP in (NP such broad *UNK )NP )PP (PRN -LRB- (PP (ADVP particularly )ADVP by (NP (NP the *UNK members )NP (PP of (NP the *UNK )NP )PP )NP )PP -RRB- )PRN )VP )S )SBAR (NP it )NP (VP looks and sounds (S (ADJP forced )ADJP )S )VP . )S  STOP
(S (NP Ms. Bogart )NP (VP does (ADVP (ADVP better )ADVP (PP with (NP music )NP )PP (PP than (PP with (NP words )NP )PP )PP )ADVP (SBAR (WHADVP when )WHADVP (S (NP she )NP (VP wants (PRN , (SBAR as (S (NP she )NP (ADVP so often )ADVP (VP does (VP want )VP )VP )S )SBAR , )PRN (S (VP to (VP express (NP herself )NP (PP through (NP (NP Gorky 's )NP *UNK play )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (ADVP Here )ADVP (NP she )NP (VP has (NP (NP the aid )NP (PP of (NP (NP her longtime associate *UNKC *UNKC )NP , (SBAR (SBAR (WHNP whom )WHNP (S (NP she )NP (VP appointed (S (NP (NP *UNKC 's )NP *UNK- musical director )NP )S )VP )S )SBAR and (SBAR (WHNP whom )WHNP (S (NP she )NP (VP *UNKED (PP with (NP a (ADJP *UNKING new )ADJP (ADJP $ 60,000 )ADJP (NX (NX sound system )NX and (NX recording studio )NX )NX )NP )PP )VP )S )SBAR )SBAR )NP )PP )NP )VP . )S  STOP
(S (PP For (NP Gorky )NP )PP , (NP Mr. *UNKC )NP (VP provided (NP (NP an *UNK *UNK )NP (PP of (NP *UNKC and *UNKC )NP )PP , (SBAR (WHNP which )WHNP (S (VP is (NP (NP less a score )NP (PP than (NP (NP a separate character )NP (PP with (NP (NP a *UNK point )NP (PP of (NP view )NP )PP )NP )PP )NP )PP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP Like (NP (NP *UNKC )NP , and indeed (NP *UNKC *UNKC )NP , )NP )PP (NP Ms. Bogart )NP (VP has (VP said (SBAR that (S (NP (NP her intent )NP (PP in (NP (NP such *UNK *UNKING )NP (PP of (NP the *UNK )NP )PP )NP )PP )NP (VP is (ADVP simply )ADVP (NP an attempt (S (VP to `` (VP make (S (NP it )NP (ADJP new )ADJP )S )VP )VP )S )NP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (ADVP Indeed )ADVP , (PP during (NP a recent *UNK- audience discussion )NP )PP , (NP the director )NP (VP explained (SBAR that (S (NP her *UNK artistic wish )NP (VP was (S (VP to (VP find (NP (NP a way )NP (SBAR (S (VP to (VP play `` (NP (NP *UNKC )NP (PP Over (NP the *UNKC )NP )PP )NP '' (SBAR so that (S (NP (NP the song 's )NP `` original beauty )NP (VP comes (PRT through )PRT , '' (S (VP *UNKING (NP the *UNK )NP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The danger )NP (SBAR (WHNP that )WHNP (S (NP Ms. Bogart )NP (VP seems (S (VP to (VP be (VP *UNKING (ADVP here )ADVP )VP )VP )VP )S )VP )S )SBAR )NP (VP is (NP (NP (NP one )NP (PP of (NP (NP *UNK )NP (PP rather than (NP *UNK )NP )PP )NP )PP )NP , (NP (NP a vision )NP (PP (ADVP so )ADVP at (NP (NP odds )NP (PP with (NP the *UNK 's )NP )PP )NP )PP (SBAR that (S (NP (NP the two points )NP (PP of (NP view )NP )PP )NP (VP *UNK , (CONJP rather than )CONJP *UNK , (NP each other )NP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (NP (NP Ms. Bogart 's )NP cast )NP (VP is (NP (NP part and *UNK )NP (PP of (NP the problem )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNK *UNKC )NP and (NP Barbara *UNKC )NP )NP (ADVP never )ADVP (VP find (NP (NP a real reason )NP (PP for (NP (NP their love affair )NP (PP as (NP (NP the *UNK , *UNK young *UNKC )NP and (NP the (ADJP *UNKLY humanitarian )ADJP doctor *UNKC *UNKC )NP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP (PP as (NP the *UNKING *UNKC )NP )PP )NP (VP is (NP (NP a *UNK *UNK )NP , not (NP (NP the *UNK *UNK )NP (SBAR (S (NP Gorky )NP (VP intended )VP )S )SBAR )NP )NP )VP . )S  STOP
(FRAG (ADJP Better )ADJP (S (VP to (VP look (PP in (NP the *UNK )NP )PP (PP for (NP (NP performances )NP (SBAR (WHNP that )WHNP (S (VP *UNK or *UNK )VP )S )SBAR )NP )PP )VP )VP )S . )FRAG  STOP
(S (NP *UNKC *UNKC )NP , (PP in (NP (NP addition )NP (PP to (S (VP *UNKING (NP (NP one )NP (PP of (NP (NP the evening 's )NP (ADJP more impressive )ADJP *UNK instruments )NP )PP )NP )VP )S )PP )NP )PP , (VP brings (NP an *UNKED *UNK touch )NP (PP to (NP (NP her role )NP (PP of (NP (NP *UNKC )NP , (NP (NP everybody 's )NP favorite *UNK )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP plays (NP the *UNK )NP (PP with (NP (NP (ADJP so much )ADJP edge )NP (SBAR as (S (VP to (VP steal (NP her two *UNK )NP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S But (NP it )NP (VP is (NP (NP (NP the Trinity *UNKC *UNK )NP , (NP Jonathan *UNKED )NP (PRN -LRB- (NP (NP *UNKC )NP , (NP the *UNK )NP )NP -RRB- )PRN )NP )NP (SBAR (WHNP who )WHNP (S (VP is (NP (NP the actor )NP (SBAR (S (VP to (VP watch )VP )VP )S )SBAR )NP )VP )S )SBAR , (SBAR whether (S (NP he )NP (VP is (VP (VP *UNKING (NP it )NP (PRT up )PRT (SBAR while (S (VP conducting (NP the chamber *UNK )NP )VP )S )SBAR )VP or (VP *UNKING (NP (NP (NP his *UNK 's )NP wife )NP (PRN -LRB- (NP *UNKC *UNKC )NP -RRB- )PRN )NP (PP by (S (VP *UNKING (NP her *UNK )NP )VP )S )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Ms. de *UNKC )NP (VP writes (ADVP frequently )ADVP (PP about (NP theater )NP )PP )VP . )S  STOP
(PRN -LRB- (S (PP During (NP its centennial year )NP )PP , (NP The Wall Street Journal )NP (VP will (VP report (NP (NP events )NP (PP of (NP the past century )NP )PP (SBAR (WHNP that )WHNP (S (VP stand (PP as (NP (NP milestones )NP (PP of (NP American business history )NP )PP )NP )PP )VP )S )SBAR )NP )VP )VP . )S -RRB- )PRN  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP THE (ADJP *UNKC *UNKC )ADJP investment house )NP , )NP (PP in (NP 1974 )NP )PP (VP helped (S (NP a corporate client )NP (VP complete (NP a hostile takeover )NP )VP )S )VP . )S  STOP
(S (NP It )NP (VP was (NP (NP the start )NP (PP of (NP (NP a boom )NP (PP in (NP (ADJP *UNKLY , even *UNKLY , )ADJP mergers )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP On (NP July 18 , 1974 )NP )PP , (NP (NP (NP International *UNKC )NP (PP of (NP Canada )NP )PP )NP -- (VP advised (PP by (NP Morgan )NP )PP )VP -- )NP (VP offered (NP (NP (NP $ 28 )NP (NP a share )NP )NP , (ADJP equal (PP to (NP (QP $ *UNKN million )QP )NP )PP )ADJP , )NP (PP for (NP (NP *UNKC )NP , (NP a Philadelphia battery maker )NP )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP was (VP given (NP (NP (ADVP only )ADVP a *UNK- advance warning )NP (PP on (NP a `` (S (VP (VP take (NP it )NP )VP or (VP leave (NP it )NP )VP )VP )S '' basis )NP )PP )NP (PP from (NP (NP Inco )NP , (SBAR as (S (NP the Toronto company )NP (VP is (VP called )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP *UNKC )NP (VP is (ADJP aware (SBAR that (S (NP a hostile tender offer )NP (VP is (VP being (VP made (PP by (NP a foreign company )NP )PP (PP for (NP (NP all )NP (PP of (NP (NP *UNKC 's )NP shares )NP )PP )NP )PP )VP )VP )VP )S )SBAR )ADJP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP ESB 's )NP president )NP )NP . )SINV  STOP
(S `` (NP *UNKC )NP '' (VP (ADVP thus )ADVP entered (NP the *UNK- *UNK )NP )VP . )S  STOP
(S (NP (NP Joseph *UNKC )NP , (PP of (NP (NP *UNKC , *UNKC , *UNKC , *UNKC & *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP became (NP (NP a leading legal firm )NP (PP in (NP merger cases )NP )PP )NP )VP )S )SBAR )NP )PP , )NP (VP said (SBAR (S (NP the case )NP `` (VP made (S (NP takeovers )NP (ADJP *UNK )ADJP )S )VP )S )SBAR )VP . '' )S  STOP
(S (S (NP ESB )NP (VP *UNKED (NP Inco )NP )VP )S and (S (PP within (NP five days )NP )PP (NP ESB )NP (VP had (NP a `` white knight '' )NP (SBAR as (S (NP (NP United *UNKC )NP -- (VP headed (PP by (NP (NP Harry Gray )NP , (NP (NP a (ADJP *UNKLY friendly *UNK )ADJP )NP (PP of (NP companies )NP )PP )NP )NP )PP )VP -- )NP (VP offered (NP (NP $ 34 )NP (NP a share )NP )NP )VP )S )SBAR )VP )S . )S  STOP
(S (NP Gray )NP (VP was (VP advised (PP by (NP (NP Goldman Sachs )NP and (NP Merrill Lynch )NP )NP )PP )VP )VP . )S  STOP
(S (S (NP ESB directors )NP (VP (ADVP *UNKLY )ADVP accepted )VP )S , but (S (NP a *UNK bidding match )NP (VP *UNKED )VP )S . )S  STOP
(S (PP Within (NP (NP a few days )NP (PP in (NP July )NP )PP )NP )PP , (S (NP Inco )NP (VP raised (NP its bid )NP (PP to (NP $ 36 )NP )PP )VP )S and (S (NP United )NP (VP matched (NP it )NP )VP )S . )S  STOP
(S (PP On (NP a single day )NP )PP (NP Inco )NP (VP lifted (NP its offer )NP (PP (PP to (NP $ 38 )NP )PP and then (PP to (NP (NP $ 41 )NP , (ADJP equal (PP to (NP (QP $ *UNKN million )QP )NP )PP )ADJP )NP )PP )PP )VP . )S  STOP
(S (NP United )NP (VP (VP met (NP the $ 38 )NP )VP but (ADVP then )ADVP (VP withdrew )VP )VP . )S  STOP
(S (S (NP ESB )NP (PP on (NP July 29 )NP )PP (VP accepted (NP the Inco offer )NP )VP )S and (S (NP the brief battle )NP -- (PP unlike (NP (NP the (ADJP *UNK and lengthy )ADJP big takeovers )NP (PP of (NP *UNKN )NP )PP )NP )PP -- (VP was (ADJP over )ADJP )VP )S . )S  STOP
(S (NP The new *UNK game )NP (VP became (NP a money maker )NP (PP for (NP (NP Wall Street 's )NP (ADJP once *UNK )ADJP *UNK- houses )NP )PP )VP . )S  STOP
(S (NP Inco )NP (VP paid (NP Morgan )NP (NP (NP an advisory fee )NP (PP of (NP (NP (QP about $ 250,000 )QP )NP , (NP (NP a *UNK figure )NP (PP by (NP (NP today 's )NP measures )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (NP Early this year )NP (NP (NP Morgan )NP and (NP three other investment houses )NP )NP each (VP received (NP (NP (QP $ 25 million )QP )NP (PP in (NP advisory fees )NP )PP )NP (PP from (NP *UNKC Kravis & Roberts )NP )PP (PP in (NP (NP its $ 25 billion friendly buy-out )NP (PP of (NP RJR Nabisco )NP )PP )NP )PP )VP . )S  STOP
(S (NP HomeFed Corp. )NP (VP said (SBAR (S (NP third-quarter net income )NP (VP slid (NP 14 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ 1.10 )NP (PP per (NP (ADJP fully diluted )ADJP share )NP )PP )NP )NP )PP , (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a (ADJP fully diluted )ADJP share )NP )NP )NP )PP , (PP because of (NP (NP increased bad assets )NP and (NP (NP unexpected trouble )NP (PP in (S (VP *UNKING (NP *UNKED property )NP )VP )S )PP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The decline )NP (VP (VP surprised (NP analysts )NP )VP and (VP *UNKED (NP (NP (NP HomeFed 's )NP stock )NP , (SBAR (WHNP which )WHNP (S (VP lost (NP (NP *UNKN % )NP (PP of (NP its value )NP )PP )NP , (S (VP closing (PP at (NP $ *UNKN )NP )PP (PP on (NP the New York Stock Exchange )NP )PP , (ADVP down (NP $ *UNKN )NP )ADVP )VP )S )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP HomeFed )NP (VP had (VP been (NP (NP one )NP (PP of (NP (NP the handful )NP (PP of (NP large West Coast thrifts )NP )PP (SBAR (WHNP that )WHNP (S (PP in (NP recent quarters )NP )PP (VP had (VP *UNKED (NP (NP interest-rate problems )NP (VP *UNKING (NP the industry )NP )VP )NP (PP by (S (VP (VP keeping (NP a *UNK )NP (PP on (NP problem assets )NP )PP )VP and (VP lending (ADVP heavily )ADVP (PP into (NP the *UNK California housing market )NP )PP )VP )VP )S )PP )VP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP Analysts )NP (VP had (VP been (VP *UNKING (NP (NP fully diluted earnings )NP (PP in (NP the third quarter )NP )PP (PP in (NP (NP the range )NP (PP of (NP (NP (QP about $ *UNKN )QP )NP (NP a share )NP )NP )PP )NP )PP )NP )VP )VP )VP . )S  STOP
(S (ADVP However )ADVP , (NP (NP HomeFed 's )NP loan *UNK and purchases )NP (VP plunged (NP 26 % )NP (PP in (NP the quarter )NP )PP , (PP to (NP (QP $ 1.4 billion )QP )NP )PP (PP from (NP (QP $ 1.9 billion )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP *UNKING assets )NP (VP rose (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP (NP (QP Some $ *UNKN million )QP )NP (PP of (NP the troubled assets )NP )PP )NP (VP is (NP *UNKED real estate )NP , (NP (NP a (ADJP *UNKN % )ADJP surge )NP (PP from (NP (NP the (QP $ *UNKN million )QP )NP (PP of (NP (NP *UNKED property )NP (SBAR (S (NP HomeFed )NP (VP held (ADVP (NP a year )NP ago )ADVP )VP )S )SBAR )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP HomeFed )NP (VP has (NP (NP (QP $ *UNKN billion )QP )NP (PP of (NP assets )NP )PP )NP )VP . )S  STOP
(S (NP HomeFed )NP (VP said (SBAR (S (NP (NP most )NP (PP of (NP the troubled assets )NP )PP )NP (VP are (NP (NP apartment *UNK )NP , (NP shopping *UNK )NP and (NP other commercial real estate )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP said (SBAR (S (NP about half )NP (VP are (PP in (NP California )NP )PP , (PP with (NP (NP the rest )NP (VP *UNKED (PP across (NP the country )NP )PP )VP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP said (SBAR (S (S (NP (NP sales )NP (PP of (NP such properties )NP )PP )NP (VP were (ADJP (ADJP slower )ADJP (PP than (S (VP anticipated )VP )S )PP )ADJP (PP in (NP the third quarter )NP )PP )VP )S , but (S (NP it )NP (VP expects (S (NP sales )NP (VP to (VP pick (PRT up )PRT (PP in (NP (NP the rest )NP (PP of (NP the year )NP )PP )NP )PP )VP )VP )S )VP )S )S )SBAR )VP . )S  STOP
(S (NP HomeFed )NP (VP said (SBAR (S (NP (NP the slide )NP (PP in (NP loan *UNK )NP )PP )NP (VP was (NP (ADVP more )ADVP (NP (NP a matter )NP (PP of (NP design )NP )PP )NP (PP than (NP (NP a sign )NP (PP of (NP (NP *UNKING )NP (PP in (NP the California market )NP )PP )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Any such downturn )NP (PP in (NP California )NP )PP )NP (VP would (VP be (NP grim news )NP (PP for (NP (NP West Coast thrifts )NP , particularly (NP (NP the (ADJP less healthy )ADJP ones )NP , (SBAR (WHNP which )WHNP (S (VP have (VP performed (ADVP poorly )ADVP (PP (ADVP even )ADVP with (NP a *UNK market )NP )PP )VP )VP )S )SBAR )NP )NP )PP )VP )VP . )S  STOP
(S But (NP HomeFed )NP (VP said (SBAR (S (NP it )NP (ADVP *UNKLY )ADVP (VP *UNKED (NP loan *UNK )NP (PP in (NP the quarter )NP )PP (PP because of (NP (NP uncertainty )NP (PP over (NP (NP the new (NX (NX capital requirements )NX and (NX regulations )NX )NX )NP (SBAR (WHNP that )WHNP (S (VP will (VP emerge (PP from (NP (NP negotiations )NP (PP over (S (VP *UNKING (NP (NP the government 's )NP massive thrift bailout bill )NP )VP )S )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP said (SBAR (S (NP its real-estate operations )NP (VP earned (NP (NP a record (QP $ *UNKN million )QP )NP , (NP (NP (QP more than double )QP year-earlier real estate profit )NP (PP of (NP (QP $ 9 million )QP )NP )PP )NP )NP )VP )S )SBAR )VP . )S  STOP
(S And (NP analysts )NP (VP said (SBAR (S (NP they )NP (VP see (NP (NP no signs )NP (PP of (NP (NP an imminent *UNK )NP (PP in (NP California real estate )NP )PP )NP )PP )NP , (PP (ADVP even )ADVP with (NP (NP last week 's )NP earthquake )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The thrift )NP (VP said (SBAR (S (NP earnings )NP (ADVP also )ADVP (VP were (VP *UNKED (PP in (NP the quarter )NP )PP (PP by (NP (NP a (ADJP (QP $ 4 million )QP )ADJP provision )NP (PP for (NP (NP losses )NP (VP associated (PP with (NP its (ADJP previously reported )ADJP plan (S (VP to (VP *UNK (NP a real-estate franchise network )NP )VP )VP )S )NP )PP )VP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP HomeFed )NP (VP earned (NP (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a (ADJP fully diluted )ADJP share )NP )NP )NP , (NP (NP a (ADJP 4.3 % )ADJP increase )NP (PP from (NP (NP year-earlier net income )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a (ADJP fully diluted )ADJP share )NP )NP )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (NP (NP Yields )NP (PP on (NP (NP certificates )NP (PP of (NP deposit )NP )PP )NP )PP )NP (PP at (NP major banks )NP )PP (VP were (VP (NP little )NP changed (PP in (NP the latest week )NP )PP )VP )VP . )S  STOP
(S (NP (NP The average yield )NP (PP on (NP (NP six-month CDs )NP (PP of (NP $ 50,000 (QP and less )QP )NP )PP )NP )PP )NP (VP slipped (PP to (NP 7.96 % )NP )PP (PP from (NP *UNKN % )NP )PP , (PP according (PP to (NP (NP Banxquote Money Markets )NP , (NP (NP an information service )NP (VP based (ADVP here )ADVP )VP )NP )NP )PP )PP )VP . )S  STOP
(S (PP On (NP (NP one-year )NP CDs (PP of (NP $ 50,000 (QP and less )QP )NP )PP )NP )PP , (NP the average )NP (VP slid (PP to (NP *UNKN % )NP )PP (PP from (NP *UNKN % )NP )PP )VP . )S  STOP
(S (NP Both issues )NP (VP are (PP among (NP (NP the most popular )NP (PP with (NP individual investors )NP )PP )NP )PP )VP . )S  STOP
(SINV `` (S (PP Because of (NP (NP *UNK )NP (PP in (NP the economy )NP )PP )NP )PP , (NP rates )NP (VP can (VP be (VP expected (S (VP to (VP decline (PP over (NP a one-year *UNK )NP )PP )VP )VP )S )VP )VP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP chairman )NP (PP of (NP Banxquote )NP )PP )NP )NP . )SINV  STOP
(S `` (NP (NP It )NP )NP (VP 's (ADJP unclear )ADJP (SBAR (SBAR (WHADVP how much )WHADVP (S (NP rates )NP (VP can (VP fall )VP )VP )S )SBAR and (FRAG (WHADVP how soon )WHADVP )FRAG )SBAR )VP . '' )S  STOP
(S (NP (NP *UNKC )NP (PP in (NP CD yields )NP )PP )NP (PP in (NP (NP the week )NP (VP ended (NP Tuesday )NP )VP )NP )PP (VP were (PP in (NP (NP line )NP (PP with (NP (NP *UNK )NP (ADVP up and down )ADVP (PP within (NP a fairly narrow range )NP )PP (PP for (NP the last two months )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Interest rates )NP (ADVP generally )ADVP (VP began (S (VP declining )VP )S (NP last spring )NP (PP after (S (VP moving (ADVP steadily )ADVP (ADVP upward )ADVP (PP for (NP (QP more than a )QP year )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP (NP The average yield )NP (PP on (NP *UNK- three-month CDs )NP )PP )NP (VP moved (ADVP up )ADVP (NP (NP *UNK- )NP (PP of (NP a percentage point )NP )PP )NP (PP in (NP the latest week )NP )PP (PP to (NP *UNKN % )NP )PP )VP . )S  STOP
(S (NP *UNKC CDs )NP (VP declined (NP just a *UNK )NP )VP . )S  STOP
(S (NP (NP The average yield )NP (PP on (NP both (NP two-year CDs )NP and (NP five-year CDs )NP )NP )PP )NP (VP was (NP 7.98 % )NP )VP . )S  STOP
(S (NP (NP Only CDs )NP (VP sold (PP by (NP major brokerage firms )NP )PP )VP )NP (VP posted (NP (NP significant increases )NP (PP in (NP average yields )NP )PP )NP (PP in (NP the latest week )NP )PP , (S (VP reflecting (NP (NP increased yields )NP (PP on (NP (NP Treasury bills )NP (VP sold (PP at (NP (NP Monday 's )NP auction )NP )PP )VP )NP )PP )NP )VP )S )VP . )S  STOP
(S (S (NP (NP The average yield )NP (PP on (NP six-month *UNK- CDs )NP )PP )NP (VP rose (PP to (NP *UNKN % )NP )PP (PP from (NP *UNKN % )NP )PP )VP )S and (S (PP on (NP one-year CDs )NP )PP (NP the average yield )NP (VP rose (PP to (NP *UNKN % )NP )PP (PP from (NP 8.09 % )NP )PP )VP )S . )S  STOP
(S (NP (NP The brokerage firms )NP , (SBAR (WHNP which )WHNP (S (VP negotiate (NP rates )NP (PP with (NP (NP the banks and thrifts )NP (SBAR (WHNP whose CDs )WHNP (S (NP they )NP (VP sell )VP )S )SBAR )NP )PP )VP )S )SBAR , )NP (ADVP generally )ADVP (VP feel (SBAR (S (NP they )NP (VP have (S (VP to (VP offer (NP clients )NP (NP (NP more )NP (SBAR than (S (NP they )NP (VP can (VP get (PP (PP on (NP *UNKC )NP )PP or (PP from (NP banks and thrifts )NP (ADVP directly )ADVP )PP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (VP sold (PP at (NP (NP Monday 's )NP auction )NP )PP )VP )NP (VP *UNKED (NP (NP (NP (NP 7.90 % )NP (PP for (NP six months )NP )PP )NP and (NP (NP *UNKN % )NP (PP for (NP three months )NP )PP )NP )NP , (ADVP up (PP from (NP (NP *UNKN % )NP and (NP *UNKN % )NP , (ADVP respectively )ADVP )NP , (ADVP (NP the week )NP before )ADVP )PP )ADVP )NP )VP . )S  STOP
(S (NP (NP *UNKED *UNK CDs )NP , (PP (ADVP typically )ADVP in (NP (NP denominations )NP (PP of (NP $ *UNKN (QP and up )QP )NP )PP )NP )PP , )NP (ADVP also )ADVP (ADVP usually )ADVP (VP follow (NP (NP *UNKC )NP and (NP interest rate trends )NP )NP (PP in (ADJP general )ADJP )PP (ADVP (ADVP more )ADVP (PP than (NP (NP those )NP (VP aimed (PP at (NP small investors )NP )PP )VP )NP )PP )ADVP )VP . )S  STOP
(S (NP Some *UNK )NP (VP posted (NP (NP *UNK changes )NP (PP in (NP average yields )NP )PP )NP (NP this week )NP , (ADVP both up and down )ADVP )VP . )S  STOP
(S (NP (NP The average yield )NP (PP on (NP *UNK *UNK )NP )PP )NP (VP rose (PP to (NP *UNKN % )NP )PP (PP from (NP 7.96 % )NP )PP , (SBAR while (S (NP the two-year average )NP (VP fell (PP by (NP the same amount )NP )PP (PP to (NP *UNKN % )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC and *UNK yields )NP (VP were (ADJP unchanged )ADJP , (PP on (NP average )NP )PP )VP . )S  STOP
(S `` (S (NP The (PRN -LRB- CD -RRB- )PRN market )NP (VP is (ADJP unsettled )ADJP (ADVP right now )ADVP )VP )S , '' (VP said )VP (NP (NP Banxquote 's )NP Mr. *UNKC )NP . )S  STOP
(S `` (NP It )NP (VP 's (VP (ADVP very easily )ADVP influenced (PP by (NP (NP changes )NP (PP in (NP (NP the stock market )NP and (NP the junk bond market )NP )NP )PP )NP )PP )VP )VP . '' )S  STOP
(S (NP (NP The small changes )NP (PP in (NP averages )NP )PP )NP (VP reflect (NP (NP generally unchanged yields )NP (PP at (NP many major banks )NP )PP )NP )VP . )S  STOP
(S (NP Some )NP , (ADVP however )ADVP , (VP lowered (NP yields )NP (ADVP significantly )ADVP )VP . )S  STOP
(S (PP At (NP (NP Chase Manhattan Bank )NP (PP in (NP New York )NP )PP )NP )PP , (PP for (NP example )NP )PP , (NP (NP the yield )NP (PP on (NP a small *UNK six-month CD )NP )PP )NP (VP fell (NP (NP about a quarter )NP (PP of (NP a percentage point )NP )PP )NP (PP to (NP *UNKN % )NP )PP )VP . )S  STOP
(S (PP In (NP California )NP )PP , (NP (NP Bank )NP (PP of (NP America )NP )PP )NP (VP dropped (NP (NP the yield )NP (PP on (NP both six-month and one-year `` savings '' CDs )NP )PP )NP (PP to (NP *UNKN % )NP )PP (PP from (NP *UNKN % )NP )PP )VP . )S  STOP
(S (NP (NP Yields )NP (PP on (NP money-market deposits )NP )PP )NP (VP were (UCP (ADJP unchanged (PP at (NP (NP an average *UNKN % )NP (PP for (NP $ 50,000 (QP and less )QP )NP )PP )NP )PP )ADJP and (ADVP down (NP (NP just a *UNK )NP (PP of (NP a percentage point )NP )PP )NP (PP to (NP *UNKN % )NP )PP (PP for (NP *UNK deposits )NP )PP )ADVP )UCP )VP . )S  STOP
(S (S (NP Lion Nathan Ltd. )NP (VP agreed (S (VP to (VP buy (NP the franchise (S (VP to (VP *UNK , distribute and market (NP *UNKC soft-drink products )NP (PP in (NP Australia )NP )PP )VP )VP )S )NP )VP )VP )S )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP The New Zealand brewing and retail concern )NP (VP did n't (VP disclose (NP terms )NP )VP )VP . )S  STOP
(S (NP The agreement )NP (VP (VP is (ADJP effective )ADJP (NP Jan. 1 )NP )VP and (VP is (ADJP subject (PP to (NP (NP approval )NP (PP from (NP (NP Australia 's )NP Foreign Investment Review Board )NP )PP )NP )PP )ADJP )VP )VP . )S  STOP
(S (NP *UNKC *UNKC Australia Ltd. )NP (VP has (VP held (NP the Australian *UNKC franchise )NP (PP for (NP the past four years )NP )PP )VP )VP . )S  STOP
(S (NP (NP Lion Nathan )NP and (NP (NP *UNKC Australia )NP , (NP (NP a unit )NP (PP of (NP (NP *UNKC Inc. )NP (PP of (NP the U.S. )NP )PP )NP )PP )NP , )NP )NP (VP did n't (VP say (SBAR (WHADVP why )WHADVP (S (NP *UNKC *UNKC )NP (VP will (ADVP no longer )ADVP (VP hold (NP the franchise )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP Wang Laboratories Inc. )NP (VP (VP has (VP sold (NP (NP (QP $ 25 million )QP )NP (PP of (NP assets )NP )PP )NP )VP )VP and (VP reached (NP (NP agreements )NP (PP in (NP principle )NP )PP (S (VP to (VP sell (NP an additional (QP $ *UNKN million )QP )NP (ADVP shortly )ADVP )VP )VP )S )NP )VP )VP )S , (NP (NP Richard Miller )NP , (NP president )NP , )NP (VP said (PP at (NP the annual meeting )NP )PP )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP Wang )NP (VP had (VP reached (NP (NP an agreement )NP (PP with (NP a `` major financial firm '' )NP )PP (S (VP to (VP sell (PP for (NP (QP $ 150 million )QP )NP )PP (NP (NP its domestic equipment lease portfolio )NP and (NP (NP that )NP (PP of (NP its Wang Credit Corp. subsidiary )NP )PP )NP )NP )VP )VP )S )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP it )NP (ADVP also )ADVP (VP agreed (S (VP to (VP sell (NP (NP a portion )NP (PP of (NP its European real estate unit )NP )PP )NP (PP for (NP (QP $ 37 million )QP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Miller )NP (VP (VP said (SBAR that (S (NP Wang )NP (VP has (ADVP already )ADVP (VP sold (NP (NP (QP some $ 12 million )QP )NP (PP of (NP *UNK assets )NP )PP )NP )VP )VP )S )SBAR )VP and (VP disclosed (SBAR that (S (NP it )NP (VP had (VP received (NP (QP $ 13 million )QP )NP (PP from (NP (NP Compaq Computer Corp. )NP , (NP Houston )NP , )NP )PP (PP in (NP (NP the previously announced sale )NP (PP of (NP its (NP (NP *UNKING )NP , (NP *UNKC )NP , )NP plant )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Mr. Miller )NP (VP repeated (SBAR that (S (PP in (NP the next six months )NP )PP (NP he )NP (VP plans (S (VP to (VP sell (NP (NP another (QP $ 200 million to $ 300 million )QP )NP (PP of (NP assets )NP )PP )NP (S (VP to (VP (VP repay (NP debt )NP )VP and (VP reduce (NP (NP interest costs )NP (PP at (NP (NP Wang )NP , (NP (NP a *UNK maker )NP (PP in (NP (NP *UNKC )NP , (NP Mass )NP )NP )PP )NP )NP )PP )NP )VP )VP )VP )S )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP response )NP (PP to (NP (NP questions )NP (PP after (NP the annual meeting )NP )PP )NP )PP )NP )PP , (NP Mr. Miller )NP (VP said (SBAR (S (NP the company )NP (VP is (ADVP no longer )ADVP (VP looking (PP for (NP an equity investor )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP During (NP the summer )NP )PP , (NP Wang executives )NP (VP had (VP said (SBAR (S (NP they )NP (VP might (VP seek (NP outside investment )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP *UNKC *UNKC Co. )NP (VP said (SBAR (S (NP it )NP (VP is (VP establishing (NP (NP a subsidiary )NP )NP (PP in (NP Britain )NP )PP (SBAR (S (VP to (VP produce (NP (NP electric parts )NP , (PP including (NP *UNK *UNK )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The Tokyo maker )NP (PP of (NP *UNK *UNK )NP )PP )NP (VP said (SBAR (S (NP it )NP (VP purchased (NP (NP a plant )NP (PP in (NP *UNKC )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP did n't (VP disclose (NP (NP a purchase price )NP or (NP capitalization figures )NP )NP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP said , (ADVP however )ADVP , (SBAR (S (NP it )NP (VP will (VP invest (NP (NP (QP about 1.4 billion )QP yen )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP (PP in (NP the new company )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP is (VP slated (S (VP to (VP begin (PP in (NP April )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The company )NP , (SBAR (WHNP which )WHNP (S (VP has (NP (NP a European *UNK )NP , (NP (NP *UNKC Europe Management *UNKC . H. )NP (PP in (NP Germany )NP )PP )NP )NP )VP )S )SBAR , )NP (VP said (SBAR (S (NP the latest venture )NP (VP is (VP designed (S (VP to (VP meet (NP (NP demand )NP (PP for (NP electric parts )NP )PP (PP in (NP European Community countries )NP )PP )NP (ADVP ahead (PP of (NP (NP the creation )NP (PP of (NP the unified market )NP )PP )NP )PP )ADVP (PP by (NP (NP the end )NP (PP of (NP 1992 )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP expects (NP (NP sales )NP (PP at (NP the unit )NP )PP (PP of (NP (QP about 1.5 billion )QP yen )NP )PP (PP in (NP the first year )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC Stores Inc. )NP (VP (VP reported (NP (NP a 69 % decline )NP (PP in (NP profit )NP )PP (PP for (NP the fiscal third quarter )NP )PP )NP )VP , but (VP said (SBAR (S (NP operating improvements )NP (VP were (VP *UNKED (PP by (NP (NP unusual gains )NP (PP in (NP the year-earlier period )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP The Oakland grocery retailer )NP , (VP (ADVP closely )ADVP held (PP since (NP (NP a (ADJP (QP $ 4.2 billion )QP )ADJP leveraged buy-out )NP (PP in (NP 1986 )NP )PP )NP )PP )VP , )NP (VP said (SBAR (S (NP (NP profit )NP (PP for (NP (NP the three months )NP (VP ended (NP Sept. 9 )NP )VP )NP )PP )NP (VP was (NP (NP (QP $ 7.1 million )QP )NP , (PP compared (PP with (NP (NP (QP $ 23 million )QP )NP (ADVP (NP a year )NP earlier )ADVP )NP )PP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S But (NP it )NP (VP said (SBAR (S (NP the year-earlier results )NP (VP included (NP (NP gains )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP *UNK )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Sales )NP (VP rose (NP 4.2 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ 3.2 billion )QP )NP )PP )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP the company )NP (VP said (SBAR (S (NP profit )NP (VP fell (NP 49 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (NP (QP $ 46 million )QP )NP (PP in (NP the year-earlier quarter )NP )PP , (SBAR (WHNP which )WHNP (S (VP included (NP (NP *UNKED gains )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Sales )NP (VP increased (NP 5.5 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP Benjamin Jacobson & Sons )NP (VP has (VP been (NP (NP the New York Stock Exchange specialist firm )NP (PP in (NP (NP charge )NP (PP of (S (VP trading (NP (NP stock )NP (PP in (NP (NP UAL Corp. )NP and (NP its *UNK )NP )NP )PP )NP )VP )S )PP )NP )PP )NP (PP since (NP the early 1930s )NP )PP )VP )VP . )S  STOP
(S But (NP the firm )NP (VP has (ADVP never )ADVP (VP had (NP (NP a day )NP (PP like (NP yesterday )NP )PP )NP )VP )VP . )S  STOP
(S (PP At (ADVP first )ADVP )PP (NP UAL )NP (VP did n't (VP open (PP because of (NP an order *UNK )NP )PP )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP it )NP (VP did (NP (NP a half-hour )NP (PP into (NP the session )NP )PP )NP )VP )S )SBAR , (NP it )NP (VP was (VP priced (PP at (NP (NP (NP $ 150 )NP (NP a share )NP )NP , (ADVP down (NP (QP more than $ 28 )QP )NP (PP from (NP (NP Monday 's )NP close )NP )PP )ADVP )NP )PP )VP )VP . )S  STOP
(S (S (NP It )NP (VP sank (ADVP further )ADVP (PP to (NP (QP as low as $ 145 )QP )NP )PP )VP )S , but (S (NP a big rally )NP (VP developed (PP in (NP the last half hour )NP )PP , (S (VP pushing (NP the stock )NP (ADVP back )ADVP (ADVP up )ADVP (S (VP to (VP close (PP at (NP (NP $ 170 )NP , (ADVP down (NP (QP just $ 8.375 )QP )NP (PP from (NP Monday )NP )PP )ADVP )NP )PP )VP )VP )S )VP )S )VP )S . )S  STOP
(S (PP In (NP the process )NP )PP , (NP (QP 4.9 million )QP shares )NP (VP traded , (S (VP making (S (NP UAL )NP (NP (NP the (ADJP second most active )ADJP issue )NP (PP on (NP the Big Board )NP )PP )NP )S )VP )S )VP . )S  STOP
(S (S (S (VP *UNKING (NP *UNK )NP (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP could )VP )S )SBAR )VP )S and (S (VP *UNKING (SBAR until (S (NP their voices )NP (VP gave (PRT out )PRT )VP )S )SBAR )VP )S )S , (NP (NP the two Benjamin Jacobson specialists )NP (PP at (NP (NP the Big Board 's )NP UAL trading post )NP )PP )NP (NP yesterday )NP (VP *UNKED (PP over (SBAR (WHNP what )WHNP (S (VP can (ADVP only )ADVP (VP be (VP described (PP as (NP a financial *UNK- )NP )PP )VP )VP )VP )S )SBAR )PP )VP . )S  STOP
(S `` (NP It )NP (VP was (ADJP *UNK )ADJP )VP . )S  STOP
(SINV (S But (NP we )NP (VP like (S (VP to (VP call (S (NP it )NP ` (NP controlled *UNK )NP )S )VP )VP )S )VP )S , ' '' (VP said )VP (NP (NP *UNK- Robert J. Jacobson Jr. )NP , (NP (NP *UNK )NP (PP of (NP (NP the firm 's )NP founder )NP )PP )NP )NP . )SINV  STOP
(S (NP He )NP (VP *UNKED (NP the UAL post )NP (NP yesterday )NP (PP with (NP (NP Christopher Bates )NP , (NP 33 )NP , (NP (NP an *UNK Long *UNKC )NP (SBAR (WHNP who )WHNP (S (VP 's (NP (NP a dead *UNK )NP (PP for (NP actor *UNKC *UNKC )NP )PP )NP )VP )S )SBAR )NP )NP )PP )VP . )S  STOP
(SBARQ (WHNP Who )WHNP (SQ was (VP doing (NP all the selling )NP )VP )SQ ? )SBARQ  STOP
(SINV `` (FRAG (NP (NP Options traders )NP , (NP arbitrage traders )NP -- (NP everyone )NP )NP )FRAG , '' (VP said )VP (NP Mr. Bates )NP , (S (VP *UNKING (PRT down )PRT (PP with (NP (NP a *UNK )NP (PP of (NP apple *UNK )NP )PP )NP )PP (PP after (NP the close )NP )PP (NP yesterday )NP )VP )S . )SINV  STOP
(SINV (VP *UNKED )VP (NP Mr. Jacobson )NP , `` (S (NP There )NP (VP were (NP (NP some (ADJP pretty bad )ADJP losses )NP (PP in (NP the stock )NP )PP )NP )VP )S . '' )SINV  STOP
(S (NP Big Board traders )NP (VP said (SBAR (S (NP (NP a *UNK- buy order )NP (PP at (NP (NP $ 150 )NP (NP a share )NP )NP )PP (VP entered (PP by (NP (NP Bear , Stearns & Co. )NP , (SBAR (WHNP which )WHNP (S (VP was (ADJP active )ADJP (PP in (NP UAL stock )NP )PP (NP all day )NP )VP )S )SBAR , )NP )PP )VP )NP (VP is (SBAR (WHNP what )WHNP (S (VP set (PRT off )PRT (NP the UAL crowd )NP (PP in (NP the late afternoon )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A subsequent rally )NP (PP in (NP UAL )NP )PP )NP (VP helped (S (NP the *UNKING stock market )NP (VP stage (NP (NP an *UNKING recovery )NP (PP from (NP an *UNK- deficit )NP )PP )NP (S (VP to (VP finish (PP (ADVP only slightly )ADVP below (NP (NP Monday 's )NP close )NP )PP )VP )VP )S )VP )S )VP . )S  STOP
(S (NP (NP Both Jacobson traders )NP , (SBAR (WHNP who )WHNP (S (VP had (VP been (VP hoping (SBAR (S (NP UAL trading )NP (VP would (VP get (ADVP back )ADVP (PP to (ADJP normal )ADJP )PP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR , )NP (VP read (NP (NP the news )NP (PP about (NP (NP the *UNKING )NP (PP of (NP UAL takeover plans )NP )PP )NP )PP )NP (PP on (NP (NP the train )NP (PP into (NP work )NP )PP )NP )PP (NP yesterday morning )NP )VP . )S  STOP
(S (NP The news )NP (VP told (NP them )NP (SBAR (S (NP it )NP (VP would (VP be (NP (NP a while )NP (ADVP longer )ADVP )NP (SBAR before (S (NP UAL )NP (VP resumed (S (VP trading (PP like (NP a regular airline stock )NP )PP )VP )S )VP )S )SBAR (PP after (NP (NP months )NP (PP of (NP gyrations )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP Mr. Jacobson )NP (VP *UNKED (PP into (NP the office )NP )PP (PP at (NP *UNKN a.m. EDT )NP )PP )VP )S )SBAR , (NP he )NP (VP announced : `` (S (INTJ OK )INTJ , (VP *UNK (PRT up )PRT )VP )S )VP . '' )S  STOP
(S (NP Messrs. Jacobson and Bates )NP (VP (VP *UNKED (PP on (NP the Big Board floor )NP )PP (PP at (NP about *UNKN a.m. )NP )PP (NP yesterday )NP )VP and (VP (ADVP immediately )ADVP *UNKED (NP trouble )NP )VP )VP . )S  STOP
(SINV (ADVP Already )ADVP (VP (VP entered (PP in (NP (NP the Big Board 's )NP computers )NP )PP )VP and (VP *UNKED (PP to (NP their post )NP )PP )VP )VP (VP were )VP (NP (NP sell orders )NP (PP for (NP *UNKN UAL shares )NP )PP )NP . )SINV  STOP
(S (NP The UAL news )NP (VP had (ADVP already )ADVP (VP caused (NP a selling *UNK )NP (PP in (NP (NP the so-called third market )NP , (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP firms )NP (VP buy and sell (NP stock )NP (ADVP away (PP from (NP the exchange floor )NP )PP )ADVP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP UAL )NP , (SBAR (WHNP which )WHNP (S (VP closed (PP on (NP the Big Board )NP )PP (NP Monday )NP (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP )VP )S )SBAR , )NP (VP traded (PP in (NP the third market )NP )PP (ADVP *UNK )ADVP (ADVP as low (PP as (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP )ADVP )VP . )S  STOP
(S (NP There )NP (VP were (NP (NP rumors )NP (PP of (NP (ADJP $ *UNK- )ADJP trades )NP )PP )NP )VP . )S  STOP
(S (PP In (NP (NP the 45 minutes )NP (PP before (NP the *UNKN opening *UNK )NP )PP )NP )PP , (NP the Jacobson specialists )NP (VP kept (S (VP getting (NP (NP sell orders )NP , (ADJP (ADJP *UNK )ADJP (SBAR than (S (NP they )NP (VP *UNKED )VP )S )SBAR )ADJP )NP )VP )S )VP . )S  STOP
(S And (PP at (NP *UNKN )NP )PP , (NP they )NP (VP posted (NP (NP a (ADJP (QP $ 135 to $ 155 )QP )ADJP `` first indication )NP , '' or (NP (NP the price range )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP the stock )NP (VP would (ADVP probably )ADVP (VP open )VP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (NP That range )NP (VP was (VP (ADVP quickly )ADVP narrowed (PP to (NP (QP $ 145 to $ 155 )QP )NP )PP , (SBAR although (S (NP (NP traders )NP (VP surrounding (NP the post )NP )VP )NP (VP were (VP told (SBAR that (S (NP (QP $ *UNKN to $ 150 )QP )NP (VP would (VP be (NP the likely target )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP UAL )NP (ADVP finally )ADVP (VP opened (S (ADVP (NP a half hour )NP late )ADVP )S )VP )S )SBAR , (NP (QP some 400,000 )QP shares )NP (VP traded (PP at (NP $ 150 )NP )PP )VP . )S  STOP
(SINV (S (NP There )NP (VP was `` (NP selling pressure )NP (PP from (NP everyone )NP )PP )VP )S , '' (VP said )VP (NP one trader )NP . )SINV  STOP
(S (NP (NP (NP This month 's )NP *UNKC market plunge )NP (VP *UNKED (PP by (NP UAL news )NP )PP )VP )NP (VP was n't (ADJP (ADJP as bad )ADJP )ADJP (PP for (NP the Jacobson specialists )NP )PP (PP as (NP (NP yesterday 's )NP action )NP )PP )VP . )S  STOP
(S (PP On (NP that earlier day )NP )PP , (NP (NP the stock 's )NP trading )NP (VP was (VP halted (PP at (NP a critical time )NP )PP (SBAR so (S (NP the specialists )NP (VP could (VP catch (NP their *UNK )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(FRAG Not (NP yesterday )NP . )FRAG  STOP
(S (S (NP Mr. Jacobson )NP (PRN , (S (NP his gray hair )NP (VP flying )VP )S , )PRN (VP did n't (VP wear (PRT out )PRT (NP his *UNK- *UNK )NP )VP )VP )S , but (S (NP he )NP (VP *UNK (NP so much (SBAR (S (NP he )NP (VP considered (S (VP sending (PRT out )PRT (PP for (NP a new *UNK )NP )PP )VP )S )VP )S )SBAR )NP )VP )S . )S  STOP
(S (NP Mr. Bates )NP (ADVP usually )ADVP (VP handles (NP day-to-day UAL trading )NP (PP on (NP his own )NP )PP )VP . )S  STOP
(S But (NP yesterday )NP , (NP the heavy trading action )NP (ADVP eventually )ADVP (VP consumed (NP (CONJP not only )CONJP (NP Messrs. Jacobson and Bates )NP but (NP (NP four other Jacobson partners )NP , (VP all doing (NP (NP their *UNK- job )NP (PP of (S (VP (VP *UNKING (NP buyers and sellers )NP (ADVP together )ADVP )VP and (VP *UNKING (NP prices )NP (S (VP to (VP accommodate (NP the market )NP )VP )VP )S )VP )VP )S )PP )NP )VP )NP )NP )VP . )S  STOP
(S (S (NP (QP About 30 )QP floor traders )NP (VP *UNKED (PP near (NP the UAL post )NP )PP (NP (NP most )NP (PP of (NP the day )NP )PP )NP )VP )S , and (ADVP probably )ADVP (S (NP hundreds more )NP (VP came and went -- (NP (NP a `` *UNKING mass )NP , '' (SBAR as (S (NP one trader )NP (VP described (NP it )NP )VP )S )SBAR )NP )VP )S . )S  STOP
(S (NP (NP The (ADJP 4.9 *UNK- )ADJP volume )NP (VP *UNKING (PP through (NP the Jacobson specialist operation )NP )PP )VP )NP (VP was (NP (NP (QP about five times )QP normal )NP (PP for (NP the stock )NP )PP )NP )VP . )S  STOP
(S (NP (NP The heavy buying )NP (PP in (NP the last half hour )NP )PP )NP (VP led (S (NP the specialists )NP (VP to (VP take (NP special steps )NP )VP )VP )S )VP . )S  STOP
(SINV (S (NP (NP The Bear Stearns order )NP (SBAR (WHNP that )WHNP (S (VP marked (NP the *UNK- turnaround )NP )VP )S )SBAR )NP (VP caused (NP a `` massive buying effort '' )NP (SBAR as (S (NP UAL )NP (VP jumped (NP (NP $ 20 )NP (NP a share )NP )NP (PP to (NP $ 170 )NP )PP (PP in (NP the last half hour )NP )PP )VP )S )SBAR )VP )S , (VP said )VP (NP Mr. Bates )NP . )SINV  STOP
(S (PP With (NP (NP 15 seconds )NP (PP of (NP trading )NP )PP (SBAR (S (VP to (VP go )VP )VP )S )SBAR )NP )PP , (NP Mr. Jacobson )NP , (PP with (SBAR (WHNP what voice )WHNP (S (NP he )NP (VP had (S (VP left )VP )S )VP )S )SBAR )PP , (VP announced (PP to (NP the trading *UNK )NP )PP : `` (S (NP We )NP (VP 're (VP going (S (VP to (VP trade (NP one price )NP (PP on (NP the *UNK )NP )PP )VP )VP )S )VP )VP )S )VP . '' )S  STOP
(S (NP That )NP (VP meant (SBAR (S (NP no trading )NP (VP would (VP occur (PP in (NP the final seconds )NP )PP , (PP as (NP (NP a way )NP (PP of (S (VP making (ADJP sure (SBAR that (S (NP *UNK- orders )NP (VP are n't (VP *UNKED (PP to (NP (NP a sudden price *UNKING )NP (SBAR (WHNP that )WHNP (S (VP would (VP upset (NP customers )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )ADJP )VP )S )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (QP About *UNKN )QP shares )NP (VP sold (PP at (NP $ 170 )NP )PP (PP on (NP the *UNK )NP )PP , (S (VP representing (NP (QP about eight to 10 )QP late orders )NP )VP )S )VP )S , (NP the specialists )NP (VP estimate )VP . )S  STOP
(S (NP Big Board traders )NP (VP *UNKED (NP the Jacobson specialists )NP (PP for (S (VP getting (PP through (NP yesterday )NP )PP (PP without (NP a trading halt )NP )PP )VP )S )PP )VP . )S  STOP
(S (PP In (NP Chicago )NP )PP , (NP a UAL spokesman )NP (PRN , `` (PP by (NP (NP way )NP (PP of (NP policy )NP )PP )NP )PP , )PRN '' (VP declined (S (VP to (VP comment (PP on (NP (NP (NP the company 's )NP stock )NP or (NP (NP the specialists ' )NP performance )NP )NP )PP )VP )VP )S )VP . )S  STOP
(S (S (VP *UNKING (NP the exchange )NP (PP at (NP about 5 p.m. )NP )PP )VP )S , (NP the Jacobson specialists )NP (VP made (NP (NP no predictions )NP (PP about (SBAR (WHADVP how )WHADVP (S (NP trading )NP (VP might (VP go (NP today )NP )VP )VP )S )SBAR )PP )NP )VP . )S  STOP
(SINV (VP Said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a Jacobson partner )NP (SBAR (WHNP who )WHNP (S (VP got (VP involved (PP in (NP the UAL action )NP )PP )VP )VP )S )SBAR )NP )NP , `` (S (NP It all )NP (VP starts (ADVP all over )ADVP (ADVP again )ADVP '' (NP today )NP )VP )S . )SINV  STOP
(S (S (NP (NP Britain 's )NP current account deficit )NP (VP dropped (PP to (NP (NP (QP # 1.6 billion )QP )NP (PRN -LRB- (NP (QP $ *UNKN billion )QP )NP -RRB- )PRN )NP )PP (PP in (NP September )NP )PP (PP from (NP (NP an adjusted (QP # 2 billion )QP )NP (PRN -LRB- (NP (QP $ *UNKN billion )QP )NP -RRB- )PRN )NP (NP the previous month )NP )PP )VP )S , but (S (NP the improvement )NP (VP comes (PP amid (NP increasing concern (SBAR that (S (NP a recession )NP (VP could (VP strike (NP the U.K. economy )NP (NP next year )NP )VP )VP )S )SBAR )NP )PP )VP )S . )S  STOP
(S (NP (NP The *UNKC )NP (PP of (NP (NP British Industry 's )NP latest survey )NP )PP )NP (VP shows (SBAR that (S (NP business executives )NP (VP expect (NP a *UNKED slowdown )NP , (PP (ADVP largely )ADVP because of (NP (NP a *UNK- series )NP (PP of (NP interest-rate increases )NP )PP (SBAR (WHNP that )WHNP (S (VP has (VP raised (NP (NP banks ' )NP base lending rates )NP (PP to (NP 15 % )NP )PP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP The outlook )NP (VP has (VP *UNKED (PP since (NP the summer )NP )PP , (SBAR with (S (S (NP orders and employment )NP (VP falling )VP )S and (S (NP output )NP (PP at (NP a standstill )NP )PP )S )S )SBAR )VP )VP )S , '' (VP said )VP (NP (NP David *UNKC )NP , (NP (NP chairman )NP (PP of (NP (NP the industry group 's )NP economic committee )NP )PP )NP )NP . )SINV  STOP
(S (NP He )NP (ADVP also )ADVP (VP said (SBAR (S (NP (NP investment )NP (PP by (NP businesses )NP )PP )NP (VP is (VP falling (PRT off )PRT )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Of (NP (NP *UNKN companies )NP (VP surveyed )VP )NP )PP , (NP (NP 31 % )NP )NP (VP expect (S (VP to (VP cut (NP (NP spending )NP (PP on (NP plant equipment and machinery )NP )PP )NP )VP )VP )S , (SBAR while (S (NP (NP (QP only 28 )QP % )NP )NP (VP plan (S (VP to (VP spend (NP more )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S But (PP despite (NP mounting recession fears )NP )PP , (NP government data )NP (VP do n't (ADVP yet )ADVP (VP show (S (NP the economy )NP (VP *UNKING (PP to (NP a halt )NP )PP )VP )S )VP )VP . )S  STOP
(S (S (NP *UNKC )NP , (PP for (NP example )NP )PP , (VP has (VP continued (S (VP to (VP decline )VP )VP )S )VP )VP )S , and (S (NP the September trade figures )NP (VP showed (NP (NP increases )NP (PP in (NP both imports and exports )NP )PP )NP )VP )S . )S  STOP
(S (PP As (NP a result )NP )PP , (NP (NP Prime Minister Margaret Thatcher 's )NP government )NP (VP is n't (ADVP currently )ADVP (VP expected (S (VP to (VP ease (NP interest rates )NP (PP before (NP (NP next spring )NP , (SBAR if (FRAG (ADVP then )ADVP )FRAG )SBAR )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NAC Chancellor (PP of (NP the Exchequer )NP )PP )NAC Nigel Lawson )NP (VP views (NP the high rates )NP (PP as (NP (NP his chief weapon )NP (PP against (NP (NP inflation )NP , (SBAR (WHNP which )WHNP (S (VP was (VP *UNKED (PP by (NP (NP tax cuts )NP and (NP loose credit policies )NP )NP )PP (PP in (NP 1986 and 1987 )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP Officials )NP (VP fear (SBAR that (S (NP (NP any *UNKING )NP (NP this year )NP )NP (VP could (VP (VP *UNK (NP inflation )NP )VP or (VP (ADVP further )ADVP weaken (NP the pound )NP (PP against (NP other major currencies )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (VP *UNKING (PRT off )PRT (NP (NP attacks )NP (PP on (NP his economic policies )NP )PP )NP (PP in (NP a (NAC House (PP of (NP Commons )NP )PP )NAC debate )NP )PP (NP yesterday )NP )VP )S , (NP Mr. Lawson )NP (VP (VP said (SBAR (S (NP inflation )NP `` (VP remains (NP (NP the greatest threat )NP (PP to (NP our economic *UNKING )NP )PP )NP )VP '' )S )SBAR )VP and (VP promised (S (VP to (VP take (SBAR `` (WHNP whatever steps )WHNP (S (VP are (VP needed '' (S (VP to (VP *UNK (NP it )NP (PRT off )PRT )VP )VP )S )VP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (NP The latest government figures )NP (VP said (SBAR (S (NP retail prices )NP (PP in (NP September )NP )PP (VP were (ADVP up (NP 7.6 % )NP (PP from (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP Many economists )NP (VP have (VP started (S (VP predicting (NP (NP a *UNK recession )NP (NP next year )NP )NP )VP )S )VP )VP . )S  STOP
(S (NP (NP David Owen )NP , (NP (NP U.K. economist )NP (PP with (NP Kleinwort Benson Group )NP )PP )NP , )NP (VP (VP reduced (NP (NP his growth forecast )NP (PP for (NP 1990 )NP )PP )NP (PP to (NP 0.7 % )NP )PP (PP from (NP 1.2 % )NP )PP )VP and (VP *UNKED (S (NP (NP the risk )NP (PP of (NP (NP recession )NP (NP next year )NP )NP )PP )NP `` (ADJP quite high )ADJP )S )VP )VP . '' )S  STOP
(S But (NP he )NP (VP said (SBAR (S (NP the downturn )NP (ADVP probably )ADVP (VP wo n't (VP become (NP (NP a `` major *UNK '' )NP (ADJP similar (PP to (NP (NP those )NP (PP of (NP 1974 and 1982 )NP )PP )NP )PP )ADJP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Still )ADVP , (NP (NP Britain 's )NP current slump )NP (VP is (NP (NP a cause )NP (PP for (NP concern )NP )PP )NP (ADVP here )ADVP (SBAR as (S (NP the nation )NP (VP *UNK (PP in (NP (NP the European Community 's )NP plan (S (VP to (VP create (NP a unified market )NP (PP by (NP 1992 )NP )PP )VP )VP )S )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP *UNKED (PP with (NP (NP the major economies )NP (PP on (NP the *UNKC )NP )PP )NP )PP )PP , (NP the U.K. )NP (VP faces (NP both (NP higher inflation )NP and (NP lower growth )NP )NP (PP in (NP the next several months )NP )PP )VP . )S  STOP
(S (PP As (NP a result )NP )PP (PRN , (S (NP Mr. Owen )NP (VP warned )VP )S , )PRN (S (NP investment )NP (VP will (VP be (ADJP more likely (S (VP to (VP flow (PP toward (NP the other European economies )NP )PP )VP )VP )S )ADJP )VP )VP )S and `` (S (NP the U.K. )NP (VP will (VP be (ADJP less prepared (PP for (NP the single market )NP )PP )ADJP )VP )VP )S . '' )S  STOP
(S (NP (NP Britain 's )NP latest trade figures )NP (VP contained (NP (NP some positive news )NP (PP for (NP the economy )NP )PP , (PP such as (NP (NP a surge )NP (PP in (NP (NP the volume )NP (PP of (NP (NP exports )NP , (SBAR (WHNP which )WHNP (S (VP were (ADJP (ADJP (NP 8.5 % )NP higher )ADJP (PP than (ADVP (NP a year )NP earlier )ADVP )PP )ADJP )VP )S )SBAR )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S But (SBAR while (S (NP September exports )NP (VP rose (PP to (NP (QP # *UNKN billion )QP )NP )PP )VP )S )SBAR , (NP imports )NP (VP shot (ADVP up )ADVP (PP to (NP (QP # *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP The resulting (ADJP (QP # 1.9 billion )QP )ADJP merchandise trade deficit )NP (VP was (VP (ADVP partly )ADVP offset (PP by (NP (NP an assumed surplus )NP (PP of (NP (QP # 300 million )QP )NP )PP (PP in (NP (NP so-called *UNK items )NP , (SBAR (WHNP which )WHNP (S (VP include (NP (NP income )NP (PP from (NP (NP investments )NP , (NP services )NP and (NP official transfers )NP )NP )PP )NP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP Despite (NP (NP the *UNKING )NP (PP of (NP the monthly trade gap )NP )PP )NP )PP , (NP economists )NP (VP expect (S (NP (NP the current account deficit )NP (PP for (NP (NP all )NP (PP of (NP 1989 )NP )PP )NP )PP )NP (VP to (VP *UNK (PP to (NP (QP about # 20 billion )QP )NP )PP (PP from (NP (QP # *UNKN billion )QP )NP )PP (PP in (NP 1988 )NP )PP )VP )VP )S )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP economists )NP (VP say (SBAR (S (NP the big deficit )NP (VP reflects (NP (NP the slipping competitive position )NP (PP of (NP British industry )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S `` (S (SBAR (WHADVP When )WHADVP (S (NP the country )NP (VP gets (ADJP *UNK )ADJP )VP )S )SBAR , (NP we )NP (VP tend (S (VP to (VP buy (NP high-quality imports )NP )VP )VP )S )VP )S , '' (NP Mr. Owen )NP (VP said )VP . )S  STOP
(S (NP (NP *UNKC PLC )NP , (NP a British aerospace , defense and automotive conglomerate )NP , )NP (VP said (SBAR (S (NP it )NP (VP reached (NP (NP an agreed cash bid )NP (PP of (NP (NP (QP # *UNKN million )QP )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP )PP (PP for (NP (NP Ross *UNKC Group PLC )NP , (NP (NP a maker )NP (PP of (NP specialty *UNK and *UNK )NP )PP )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP it )NP (VP expects (S (VP to (VP receive (NP (NP *UNK )NP (PP for (NP (NP its offer )NP (PP of (NP (NP *UNKN pence )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN (PP per (NP share )NP )PP )NP )PP (VP representing (NP (NP (NP (QP at least 67 )QP % )NP (PP of (NP (NP Ross *UNKC 's )NP issued share capital )NP )PP )NP , or (NP (QP *UNKN million )QP ordinary shares )NP )NP )VP )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP its offer )NP (ADVP also )ADVP (VP includes (NP an option (S (VP to (VP receive (NP a *UNK loan note )NP (PP in (NP (NP *UNK )NP (PP of (NP cash )NP )PP )NP )PP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The notes )NP (VP can (VP be (VP *UNKED (PP starting (PP in (NP July 1991 )NP )PP )PP )VP )VP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP (NP its acquisition )NP (PP of (NP Ross *UNKC )NP )PP )NP (VP will (VP be (VP covered (PP (ADVP largely )ADVP by (NP (NP cash )NP (VP raised (PP in (NP (NP its July *UNK )NP (PP of (NP *UNKC )NP )PP (PP for (NP (QP # *UNKN million )QP )NP )PP )NP )PP )VP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(SBARQ (SBAR If (S (NP *UNK )NP (VP wo n't (VP pay (NP high prices )NP (PP for (NP *UNK )NP )PP (ADVP anymore )ADVP )VP )VP )S )SBAR , (WHNP who )WHNP (S (VP will )VP )S ? )SBARQ  STOP
(S (NP *UNKC )NP (VP are (VP betting (PP on (NP the common *UNK )NP )PP )VP )VP . )S  STOP
(S (NP (NP The *UNKED *UNKC and *UNKC Association )NP , (NP a (ADJP Lexington , *UNKED )ADJP trade group )NP , )NP (VP has (VP launched (NP `` (NP *UNK )NP '' (PP for `` (NP potential investors )NP '' )PP )NP (PP at (NP (NP race tracks )NP (PP around (NP the country )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The group )NP , (SBAR (WHNP which )WHNP (S (VP has (VP held (NP (QP half a dozen )QP *UNK )NP (ADVP so far )ADVP )VP )VP )S )SBAR , )NP (ADVP also )ADVP (VP is (VP considering (NP (NP promotional *UNK )NP and perhaps (NP (NP a pitch )NP (PP to (NP Wall Street investment bankers )NP )PP )NP )NP )VP )VP . )S  STOP
(SINV `` (S (NP (NP People )NP (PP in (NP this business )NP )PP )NP (VP have (VP been (VP *UNKED )VP )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a horse *UNK )NP (PP from (NP (NP *UNKC Air )NP , (NP *UNK )NP )NP )PP )NP )NP . )SINV  STOP
(S `` But (NP (NP the real future )NP (PP of (NP this game )NP )PP )NP (VP is (PP in (NP (NP a number )NP (PP of (NP (NP people )NP (VP owning (NP a few *UNK )NP )VP )NP )PP )NP )PP )VP . '' )S  STOP
(S (PP At (NP the Laurel race track )NP )PP , (NP the *UNK )NP (VP are (VP *UNKING (NP (NP people )NP (PP like (NP (NP *UNKC *UNKC )NP , (NP a beer packaging plant worker )NP )NP )PP )NP )VP )VP . )S  STOP
(S (ADVP Right now )ADVP , (NP Mr. *UNKC )NP (VP is (VP *UNKING (NP his *UNKING program )NP , (S (VP *UNKING (PP for (NP (NP (NP *UNKC )NP (PP on (NP the *UNKC )NP )PP )NP , (NP (NP a *UNK *UNKED )NP (VP *UNKING (PP down (NP the home stretch )NP )PP )VP )NP )NP )PP )VP )S )VP )VP . )S  STOP
(S (S (NP Mr. *UNKC )NP (VP *UNK (SBAR that (S (NP he )NP (VP sold (NP all his stocks )NP (SBAR (NP a week )NP before (S (NP the market )NP (VP plummeted (NP 190 points )NP (PP on (NP Oct. 13 )NP )PP )VP )S )SBAR )VP )S )SBAR )VP )S , and (S (NP he )NP (VP is (VP using (NP the money )NP (S (VP to (VP help (S (VP buy (NP a *UNK- horse farm )NP )VP )S )VP )VP )S )VP )VP )S . )S  STOP
(S `` (S (ADVP Just )ADVP (VP *UNK (SBAR (WHADJP how exciting )WHADJP (S (NP that )NP (VP would (VP be (SBAR if (S (NP that )NP (VP 's (NP your horse )NP )VP )S )SBAR )VP )VP )S )SBAR )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S But (NP experts )NP (VP caution (SBAR that (S (NP this )NP (VP is n't (NP (NP a game )NP (PP for (NP (NP anyone )NP (PP with (NP a weak *UNK or *UNK )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP It )NP (VP 's (NP a *UNK- business )NP )VP )S , '' (VP warns )VP (NP (NP Charles C. *UNKC )NP , (NP a (NX (NX Lexington attorney )NX and (NX former Kentucky state securities commissioner )NX )NX )NP )NP . )S  STOP
(S `` (NP You )NP (VP have (S (VP to (VP go (PP into (NP it )NP )PP (S (VP (ADVP firmly )ADVP *UNKING (SBAR that (S (NP it )NP (VP 's (NP (NP the kind )NP (PP of (NP investment )NP )PP (SBAR (WHADVP where )WHADVP (S (NP you )NP (VP can (VP lose (NP everything )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )S )VP )VP )S )VP . '' )S  STOP
(S And (NP many )NP (VP have (VP done (NP just that )NP )VP )VP . )S  STOP
(S (VP Consider (NP (NP *UNKC Farm )NP , (NP (NP a prominent Lexington horse farm )NP (SBAR (WHNP that )WHNP (S (VP (VP went (ADJP public )ADJP (PP in (NP 1983 )NP )PP )VP but (VP hit (NP hard times )NP )VP and (VP filed (PP for (NP *UNK- protection )NP )PP (NP last year )NP )VP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (NP (NP A group )NP (PP of (NP investors )NP )PP )NP (ADVP recently )ADVP (VP bought (NP (NP the remaining assets )NP (PP of (NP *UNKC )NP )PP )NP , (S (VP hoping (S (VP to (VP rebuild (NP it )NP )VP )VP )S )VP )S )VP . )S  STOP
(S (NP Other investors )NP (VP have (VP lost (NP millions )NP (PP in (NP (NP partnerships )NP (SBAR (WHNP that )WHNP (S (VP bought (NP (NP *UNKED *UNK )NP or (NP *UNK breeding rights )NP )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP One big problem )NP (VP has (VP been (NP the *UNKED *UNK market )NP )VP )VP . )S  STOP
(S (PP (PP From (NP 1974 )NP )PP (PP to (NP 1984 )NP )PP )PP , (NP (NP prices )NP (PP for (NP the best *UNK )NP )PP )NP (PP at (NP the summer sales )NP )PP (VP rose (NP *UNKN % )NP (PP to (NP (NP an average )NP (PP of (NP $ *UNKN )NP )PP )NP )PP )VP . )S  STOP
(S (PP Since (NP then )NP )PP , (NP prices )NP (VP have (VP slumped , (PP to (NP (NP an average )NP (PP of (NP $ *UNKN )NP )PP (NP this summer )NP )NP )PP )VP )VP . )S  STOP
(S But (NP that )NP (VP 's (PP for (NP the best *UNK )NP )PP , (PP with (NP (NP most )NP (VP selling (PP for (NP (NP much less )NP -- (NP (NP (QP as little as $ 100 )QP )NP (PP for (NP some *UNK *UNK )NP )PP )NP )NP )PP )VP )NP )PP )VP . )S  STOP
(S (SBAR (ADVP Even )ADVP while (S (NP they )NP (VP move (PP outside (NP their traditional *UNK circle )NP )PP )VP )S )SBAR , (NP *UNK owners )NP (ADVP still )ADVP (VP try (S (VP to (VP *UNK (PP on (NP (NP the *UNK )NP (PP of (NP the sport )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC *UNK )NP (VP *UNKED (PP at (NP *UNK )NP )PP )VP )NP (VP *UNK (PP about (NP (NP (NP the *UNK )NP (PP of (NP (NP the winner 's )NP circle )NP )PP )NP and (NP *UNK- *UNKING )NP )NP )PP )VP . )S  STOP
(S (NP One *UNK )NP (VP promises : `` (NP (NP *UNKC )NP , (NP parties )NP , (NP post times )NP , (NP *UNK )NP and (NP *UNK )NP )NP )VP . '' )S  STOP
(SINV `` (S (NP It )NP (VP 's (ADVP just )ADVP (NP (NP a matter )NP (PP of (S (VP marketing and promoting (NP ourselves )NP )VP )S )PP )NP )VP )S , '' (VP says )VP (NP (NP *UNKC Bell )NP , (NP (NP a *UNK- horse *UNK )NP (PP from (NP Lexington )NP )PP )NP )NP . )SINV  STOP
(S (ADVP Maybe )ADVP (NP it )NP (VP 's not (ADJP that simple )ADJP )VP . )S  STOP
(S (PP For (NP *UNK )NP )PP , (NP *UNK buyers )NP (VP have (S (VP to (VP remember (NP (NP (NP the basic problem )NP (PP of (NP such ventures )NP )PP )NP : (S (NP These *UNK )NP (VP do n't (VP come (PP with (NP *UNK )NP )PP )VP )VP )S )NP )VP )VP )S )VP . )S  STOP
(S And (PP for (NP every *UNK )NP )PP , (NP there )NP (VP are (NP (NP plenty )NP (PP of (NP *UNK )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP a veteran *UNK )NP (PP at (NP the (NP (NP Laurel )NP , (NP Md. )NP , )NP track )NP )PP )NP , )NP (VP offers (NP *UNK )NP (NP (NP a *UNKING tour )NP (PP of (NP a horse *UNK )NP )PP )NP , (S (VP noting (SBAR that (S (NP (QP only three of about a dozen )QP horses )NP (VP have (VP won (NP sizable *UNK )NP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP One *UNK *UNK- *UNKLY )NP (VP was (VP *UNKING (PP from (NP a cold )NP )PP , (SBAR while (S (NP another )NP (VP had (NP (NP *UNK )NP (PP on (NP its *UNK )NP )PP )NP )VP )S )SBAR , (S (VP keeping (NP both animals )NP (PP from (NP the *UNK )NP )PP )VP )S )VP )VP . )S  STOP
(S `` (S (NP You )NP (VP can (VP see (NP (NP the highs and lows )NP (PP of (NP the business )NP )PP )NP all (PP under (NP one *UNK )NP )PP )VP )VP )S , '' (NP she )NP (VP tells (NP the group )NP )VP . )S  STOP
(S `` (NP There )NP (VP are n't (NP (ADJP too many )ADJP winners )NP )VP . '' )S  STOP
(S (ADVP Perhaps )ADVP (NP (NP the biggest *UNK )NP (SBAR (S (NP owners )NP (VP face )VP )S )SBAR )NP (VP is (S (VP convincing (NP *UNK )NP (SBAR that (S (NP this )NP (VP is (NP a *UNK business )NP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP Some (ADJP badly managed )ADJP partnerships )NP (VP have (VP *UNKED (NP investors )NP , (ADVP sometimes )ADVP (SBAR after (S (NP they )NP (VP received (NP advice )NP (PP from (NP industry `` consultants )NP )PP )VP )S )SBAR )VP )VP . '' )S  STOP
(S So (NP owners )NP (VP have (VP developed (NP (NP a `` code )NP (PP of (NP ethics )NP )PP )NP , '' (S (VP *UNKING (NP (NP rules )NP (PP for (NP (NP consultants )NP and (NP agents )NP , and (NP (NP disclosure )NP (PP of (NP fees )NP )PP )NP and (NP (NP any conflicts )NP (PP of (NP interest )NP )PP )NP )NP )PP )NP )VP )S )VP )VP . )S  STOP
(S But (NP some )NP (VP are (ADJP skeptical (PP of (NP (NP the code 's )NP *UNK )NP )PP )ADJP )VP . )S  STOP
(SINV `` (S (NP The industry )NP (VP is (VP based (PP on (NP individual *UNK )NP )PP )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a Lexington horse farmer )NP and (NP (NP one )NP (PP of (NP (NP the investors )NP (SBAR (WHNP who )WHNP (S (VP bought (NP *UNKC )NP )VP )S )SBAR )NP )PP )NP )NP )NP . )SINV  STOP
(S (PP Despite (NP (NP the drop )NP (PP in (NP (NP prices )NP (PP for (NP *UNK )NP )PP )NP )PP )NP )PP , (S (VP owning (NP one )NP )VP )S (ADVP still )ADVP (VP is n't (ADJP cheap )ADJP )VP . )S  STOP
(S (PP At (NP the low end )NP )PP , (NP investors )NP (VP can (VP spend (NP $ 15,000 (QP or more )QP )NP (S (VP to (VP own (NP a *UNK )NP (PP in (NP (NP partnership )NP (PP with (NP others )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (PP At (NP a *UNKING sale )NP )PP , (NP a buyer )NP (VP can (VP (VP go (ADVP *UNK )ADVP )VP and (VP get (NP a horse )NP (PP for (NP (QP a few thousand )QP dollars )NP )PP )VP )VP )VP . )S  STOP
(S (S But (NP that )NP (VP means (S (VP paying (NP (NP the horse 's )NP maintenance )NP )VP )S )VP )S ; (S (PP on (NP average )NP )PP , (NP (NP it )NP )NP (VP costs (NP (NP $ 25,000 )NP (NP a year )NP )NP (S (VP to (VP raise (NP a horse )NP )VP )VP )S )VP )S . )S  STOP
(S (PP For (NP (NP those )NP (VP looking (PP for (NP (NP something )NP (PP between (NP (NP a minority stake )NP and (NP total ownership )NP )NP )PP )NP )PP )VP )NP )PP , (NP (NP the owners ' )NP group )NP (VP is (VP considering (NP (NP a special sale )NP (SBAR (WHADVP where )WHADVP (S (NP established horse *UNK )NP (VP would (VP sell (NP (NP a (ADJP 50 % )ADJP stake )NP (PP in (NP horses )NP )PP )NP (PP to (NP *UNK )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP *UNKC *UNKC Inc. )NP (VP *UNKED (NP its quarterly dividend )NP (PP to (NP (NP (NP five cents )NP (NP a share )NP )NP , (ADJP payable (NP Nov. 17 )NP (PP to (NP (NP stock )NP (PP of (NP record )NP )PP (NP Nov. 3 )NP )NP )PP )ADJP )NP )PP )VP . )S  STOP
(S (NP (NP The company 's )NP quarterly dividend )NP (VP had (VP been (NP (NP 10 cents )NP (NP a share )NP )NP (PP since (NP April 30 , 1988 )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (ADVP recently )ADVP (VP said (SBAR (S (NP it )NP (VP would (VP *UNK (NP (NP an *UNK charge )NP (PP of (NP (QP about $ 3.6 million )QP )NP )PP )NP (PP in (NP (NP its fourth quarter )NP (VP ending (NP Tuesday )NP )VP )NP )PP , (PP in (NP (NP connection )NP (PP with (NP (NP the sale and *UNK )NP (PP of (NP (NP several lines )NP (PP at (NP a plant )NP )PP )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The (NP (NP *UNKC )NP , (NP Conn. )NP , )NP maker )NP (PP of (NP (NP industrial *UNK )NP and (NP metal *UNK )NP )NP )PP )NP (VP has (NP (NP (QP 2.3 million )QP shares )NP (ADJP outstanding )ADJP )NP )VP . )S  STOP
(S (NP (NP *UNKC ' *UNKC Inc. )NP , (VP *UNKING (NP (NP a takeover proposal )NP (PP by (NP (NP Canada 's )NP *UNK Acquisition Corp. )NP )PP )NP )VP , )NP (VP said (SBAR that (S (NP its directors )NP (VP will (VP evaluate (NP (NP takeover offers )NP (VP submitted (PP by (NP Nov. 10 )NP )PP )VP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC ' *UNKC )NP , (VP based (PP in (NP (NP *UNKC )NP , (NP Mass. )NP )NP )PP )VP , )NP (ADVP previously )ADVP (VP said (SBAR (S (NP it )NP (VP (VP would (VP explore (NP `` (NP alternatives )NP , '' (PP including (NP (NP a leveraged buy-out )NP (PP of (NP the company )NP )PP )NP )PP )NP )VP )VP , but (VP had n't (VP set (NP (NP a date )NP (PP for (NP (NP *UNK )NP (PP of (NP proposals )NP )PP )NP )PP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP *UNKC ' *UNKC Chairman and Chief Executive Robert M. *UNKC )NP (VP said (SBAR `` (S (NP a sale )NP (VP is (NP (NP one alternative )NP (VP being (VP considered )VP )VP )NP )VP )S )SBAR )VP )S , '' but (S (NP he )NP (VP added (SBAR (S (NP the board )NP (VP has n't (VP decided (SBAR whether (S (VP to (VP sell (NP the *UNK *UNK )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP (NP *UNK Acquisition )NP , (VP (ADVP jointly )ADVP owned (PP by (NP (NP (NP *UNKC Canada Corp. 's )NP *UNKC Capital Group unit )NP and (NP *UNKC *UNKC Ltd. )NP )NP )PP )VP , )NP (VP has (VP made (NP (NP a (ADJP $ *UNK- )ADJP tender offer )NP (VP valued (PP at (NP (QP $ *UNKN million )QP )NP )PP )VP (PP for (NP *UNKC ' *UNKC )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC ' *UNKC ' )NP announcement )NP (VP followed (NP (NP (NP *UNK Acquisition 's )NP request )NP (PP to (NP (NP the Delaware Court )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP (NP Monday )NP (S (VP to (VP set (NP a trial date )NP (PP for (NP (NP its suit )NP (PP against (NP the company )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The trial )NP (VP had (VP been (VP postponed (S (VP to (VP allow (S (NP *UNKC ' *UNKC )NP (VP to (VP seek (NP (NP alternatives )NP (PP to (NP (NP *UNK Acquisition 's )NP offer )NP )PP )NP )VP )VP )S )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP *UNKC Engineering Inc. )NP (VP said (NP (NP third-quarter net income )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP , (S (VP *UNKING (NP a (ADJP (QP $ *UNKN million )QP )ADJP year-earlier loss )NP )VP )S )VP . )S  STOP
(S (NP The (NP (NP Stamford )NP , (NP Conn. )NP , )NP *UNK- products and services company )NP (VP said (SBAR (S (NP per-share earnings )NP (VP were (NP (NP 56 cents )NP (PP compared (PP with (NP (NP the year-ago loss )NP (PP of (NP $ *UNKN )NP )PP )NP )PP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Sales )NP (VP fell (NP 1.5 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC profit )NP (PP in (NP (NP the process industries )NP , (PP including (NP chemical and pulp and paper )NP )PP , )NP )PP )NP (VP were (VP offset (PP (PP by (NP higher interest expense )NP )PP and (PP by (NP lower earnings )NP )PP )PP (SBAR as (S (NP the company )NP (VP closed (PRT out )PRT (NP certain long-term contracts )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP reported (NP (NP improved profits )NP (PP in (NP its *UNK and control products businesses )NP )PP )NP )VP )S , and (S (NP it )NP (VP narrowed (NP (NP its losses )NP (PP in (NP its (NX (NX public sector )NX and (NX environmental segment )NX )NX )NP )PP )NP )VP )S . )S  STOP
(S (S (NP Power generation )NP (VP had (NP (NP higher sales )NP but (NP lower earnings )NP )NP )VP )S ; (S (NP the company )NP (VP cited (NP (NP factors )NP (PP including (NP (NP work )NP (PP on (NP (NP certain low *UNK- contracts )NP (PP from (NP previous years )NP )PP )NP )PP )NP )PP )NP )VP )S . )S  STOP
(S (NP Net )NP (PP in (NP the latest quarter )NP )PP (VP included (NP (NP a pretax gain )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (NP the sale )NP (PP of (NP (NP (NP *UNKC 's )NP minority interest )NP (PP in (NP Stein *UNKC )NP )PP )NP )PP (PP to (NP (NP *UNKC *UNKC N.V. )NP (PP of (NP the Netherlands )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Last year 's )NP results )NP (VP reflected (NP (NP (NP a gain )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP (PP on (NP (NP *UNK )NP (PP of (NP assets )NP )PP )NP )PP )NP and (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP pretax provision mainly )NP (PP from (NP (NP costs )NP (PP of (S (VP completing (NP certain (UCP *UNK- and other )UCP power plants )NP )VP )S )PP )NP )PP )NP )NP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP (NP chairman )NP and (NP chief executive officer )NP )NP , (PP of (NP *UNKC *UNKC )NP )PP )NP , )NP (VP pledged (S (VP to (VP retain (NP (NP employees and management )NP (PP of (NP Farmers Group Inc. )NP )PP , (PP including (NP (NP *UNKC E. *UNKC Jr. )NP , (NP (NP chairman )NP and (NP chief executive officer )NP )NP )NP )PP )NP , (SBAR if (S (NP *UNKC )NP (VP succeeds (PP in (S (VP acquiring (NP Farmers )NP )VP )S )PP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP added (SBAR that (S (NP the French insurer )NP (VP (VP would (VP keep (NP (NP Farmers ' )NP headquarters )NP (PP in (NP Los Angeles )NP )PP )VP )VP and `` (VP will not (VP send (NP (NP French people )NP (SBAR (S (VP to (VP run (NP the company )NP )VP )VP )S )SBAR )NP )VP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP *UNKC )NP (VP would (ADVP also )ADVP (VP maintain (NP (NP (NP Farmers ' )NP relationships )NP (PP with (NP (NP the insurance exchanges )NP (SBAR (WHNP that )WHNP (S (NP it )NP (VP manages )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP made (NP his remarks )NP (PP at (NP (NP a breakfast meeting )NP (PP with (NP reporters )NP )PP )NP )PP (ADVP here )ADVP (NP yesterday )NP (PP as (NP (NP part )NP (PP of (NP (NP a tour )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP he )NP (VP is (VP trying (S (VP to (VP rally (NP (NP support )NP (PP in (NP the U.S. )NP )PP (PP for (NP the proposed acquisition )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP The bid )NP (VP is (NP (NP part )NP (PP of (NP (NP (NP Sir James *UNKC 's )NP unfriendly takeover attempt )NP (PP for (NP (NP B.A.T Industries PLC )NP , (NP the British tobacco , retailing , paper and financial-services giant )NP (SBAR (WHNP that )WHNP (S (VP acquired (NP Farmers )NP (NP last year )NP (PP for (NP (QP $ 5.2 billion )QP )NP )PP )VP )S )SBAR )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP has (VP agreed (S (VP to (VP acquire (NP Farmers )NP (PP from (NP (NP (NP Sir James 's )NP investment vehicle )NP , (NP *UNKC Investments Ltd. )NP , )NP )PP (PP for (NP (NP (QP $ 4.5 billion )QP )NP plus (NP (NP a (ADJP (QP $ 1 billion )QP )ADJP investment )NP (PP in (NP *UNKC )NP )PP )NP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP (NP Any acquisition )NP (PP of (NP Farmers )NP )PP )NP (VP needs (NP (NP the approval )NP (PP of (NP (NP insurance *UNK )NP (PP in (NP (NP the nine states )NP (SBAR (WHADVP where )WHADVP (S (NP Farmers )NP (VP operates )VP )S )SBAR )NP )PP )NP )PP )NP )VP )S , and (S (NP (NP Mr. *UNKC 's )NP trip )NP (VP will (VP take (NP him )NP (PP to (NP (NP *UNKC )NP , (NP Arizona )NP and (NP New York )NP )NP )PP (PP after (NP (NP his stay )NP (ADVP here )ADVP )NP )PP )VP )VP )S ; (S (NP he )NP (VP will (VP meet (PP with (NP (NP insurance regulators )NP , (NP legislators )NP , (NP industry *UNK )NP and (NP the press )NP )NP )PP )VP )VP )S . )S  STOP
(S (NP (NP *UNKC )NP (PP on (NP (NP *UNKC 's )NP acquisition application )NP )PP )NP (VP have (VP been (VP set (PP for (NP (NP (NP Nov. 13 )NP (PP in (NP *UNKC )NP )PP )NP ; (NP (NP Nov. 20 )NP (PP in (NP Illinois )NP )PP )NP ; (NP (NP (NP Nov. 24 )NP and (NP Dec. 4 )NP )NP (PP in (NP Arizona )NP )PP )NP ; (NP (NP Dec. 11 )NP (PP in (NP Washington state )NP )PP )NP ; and (NP (NP Jan. 8 )NP (PP in (NP Oregon )NP )PP )NP )NP )PP )VP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP have n't (ADVP yet )ADVP (VP been (VP set (PP in (NP Texas , Ohio and Kansas )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP California 's )NP insurance commissioner )NP (VP does n't (VP hold (NP (NP hearings )NP (PP on (NP acquisition applications )NP )PP )NP )VP )VP . )S  STOP
(S (SBAR Although (S (NP *UNKC )NP (VP (VP has (VP been (VP *UNKED (PP by (NP Farmers )NP )PP )VP )VP )VP and (VP has n't (VP had (NP (NP any meetings )NP (PP with (NP management )NP )PP )NP )VP )VP )VP )S )SBAR , (NP Mr. *UNKC )NP (ADVP nonetheless )ADVP (VP appears (S (VP to (VP be (VP trying (S (VP to (VP woo (NP (NP the company 's )NP executives )NP (PP with (NP (NP promises )NP (PP of (NP (NP (NP *UNK )NP and (NP *UNK- authority )NP )NP (PP under (NP Axa )NP )PP )NP )PP )NP )PP )VP )VP )S )VP )VP )VP )S )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP Mr. *UNKC )NP (VP (VP would (VP be (NP (NP a member )NP (PP of (NP (NP the top management team )NP (PP of (NP (NP the *UNKC group )NP (PP of (NP companies )NP )PP )NP )PP )NP )PP )NP )VP )VP , and (VP would `` (VP help (S (VP *UNK (NP (NP policies and strategies )NP (PP of (NP the group )NP )PP )NP )VP )S )VP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Farmers )NP (VP was (ADJP quick )ADJP (NP yesterday )NP (S (VP to (VP point (PRT out )PRT (NP (NP the many negative aspects )NP (SBAR (S (NP it )NP (VP sees (PP in (S (VP having (NP Axa )NP (PP as (NP its parent )NP )PP )VP )S )PP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (PP For (NP one )NP )PP , (NP Axa )NP (VP plans (S (VP to (VP do (ADVP away )ADVP (PP with (NP (NP certain tax credits )NP (SBAR (WHNP that )WHNP (S (VP have (VP resulted (PP in (NP (NP (QP more than $ 600 million )QP )NP (VP paid (PP to (NP the Farmers exchanges )NP )PP (PP during (NP the past few years )NP )PP (S (VP to (VP offset (NP underwriting losses )NP )VP )VP )S )VP )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S (S (NP Those credits )NP (VP (VP result (PP because of (NP (NP taxes )NP (SBAR (WHNP that )WHNP (S (NP Farmers )NP , (PP as (NP the management company )NP )PP , (VP has (VP paid )VP )VP )S )SBAR )NP )PP )VP , and (VP have `` (VP proved (S (VP to (VP be (ADJP very important )ADJP (PP for (NP the exchanges )NP )PP )VP )VP )S )VP )VP )VP )S , '' (NP a Farmers spokesman )NP (VP said )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP contended (SBAR that (S (NP (NP the tax cost )NP (PP to (NP the exchanges )NP )PP (PP under (NP the revised structure )NP )PP )NP (VP would (VP be (NP (NP (NP (QP about $ 8 million )QP )NP (NP a year )NP )NP , (SBAR (WHNP which )WHNP (S (NP he )NP (VP described (PP as `` (NP *UNK )NP )PP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Honeywell Inc. )NP , (NP Minneapolis )NP , )NP (VP said (SBAR (S (NP it )NP (VP completed (NP (NP its (ADJP previously announced )ADJP sale )NP (PP of (NP (NP 16 % )NP (PP of (NP (NP the shares )NP (ADJP outstanding )ADJP (PP in (NP (NP its Japanese joint venture )NP , (NP *UNKC )NP , )NP )PP )NP )PP )NP )PP (PP for (NP (QP $ *UNKN million )QP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The stake )NP (VP was (VP acquired (PP by (NP (NP (NP a group )NP (PP of (NP 10 Japanese (NX (NX financial institutions )NX and (NX industrial corporations )NX )NX )NP )PP )NP , primarily (NP insurance companies )NP )NP )PP )VP )VP )S , (NP Honeywell )NP (VP said )VP . )S  STOP
(S (NP Proceeds )NP (VP will (VP be (VP used (S (VP to (VP repurchase (NP (NP (QP as many as 10 million )QP shares )NP (PP of (NP Honeywell stock )NP )PP )NP )VP )VP )S , (SBAR as (S (ADVP previously )ADVP (VP announced )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP Honeywell )NP (VP said (SBAR (S (NP (NP a second sale )NP (PP of (NP *UNKC )NP )PP )NP (VP is (ADVP still )ADVP (VP being (VP negotiated )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The company )NP , (SBAR (WHNP which )WHNP (S (ADVP now )ADVP (VP holds (NP (NP a 34 % stake )NP (PP in (NP the venture )NP )PP )NP )VP )S )SBAR , )NP (VP has (VP indicated (SBAR that (S (NP it )NP (VP intends (S (VP to (VP retain (NP (ADVP at least )ADVP a (ADJP 20 % )ADJP stake )NP (NP long term )NP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP A (ADJP 20 % )ADJP stake )NP (VP would (VP allow (S (NP Honeywell )NP (VP to (VP include (NP *UNKC earnings )NP (PP in (NP its results )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP A company spokesman )NP (VP said (SBAR (S (NP (NP the gain )NP (PP on (NP the sale )NP )PP )NP (VP could n't (VP be (VP estimated (SBAR until (S (NP the `` tax treatment )NP (VP has (VP been (VP determined )VP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC *UNKC *UNKC *UNKC )NP (VP increased (NP the quarterly distribution )NP (PP to (NP (NP 40 cents )NP (NP a limited partnership unit )NP )NP )PP (PP from (NP *UNKN cents )NP )PP )VP . )S  STOP
(S (NP The distribution )NP (VP represents (NP (NP available cash flow )NP (PP from (NP the partnership )NP )PP (PP between (NP (NP Aug. 1 )NP and (NP Oct. 31 )NP )NP )PP )NP )VP . )S  STOP
(S (NP It )NP (VP is (ADJP payable (NP Nov. 30 )NP (PP to (NP (NP units )NP (PP of (NP record )NP )PP (NP Oct. 31 )NP )NP )PP )ADJP )VP . )S  STOP
(S (NP The money manager )NP (VP is (VP controlled (NP *UNKN % )NP (PP by (NP (NP its top officers )NP and (NP (NP top officers )NP (PP of (NP (NP Oppenheimer & Co. )NP , (NP a securities firm )NP )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP Both firms )NP (VP are (PP in (NP New York )NP )PP )VP . )S  STOP
(S (NP Oppenheimer Capital )NP (VP has (NP (NP (QP about *UNKN million )QP limited partnership units )NP (ADJP outstanding )ADJP )NP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP (NP yesterday )NP , (NP the units )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP up (NP 12.5 cents )NP )ADVP )VP . )S  STOP
(S (NP (NP Bank )NP (PP of (NP Montreal )NP )PP )NP (VP said (SBAR (S (NP it )NP (VP added (NP (NP (QP 850 million )QP Canadian dollars )NP (PRN -LRB- (NP (QP US$ *UNKN million )QP )NP -RRB- )PRN )NP (PP to (NP its reserves )NP )PP (PP against (NP (NP losses )NP (PP on (NP Third World loans )NP )PP )NP )PP , (S (VP bringing (NP (NP the total )NP (SBAR (S (NP it )NP (VP has (VP set (PRT aside )PRT (NP this year )NP )VP )VP )S )SBAR )NP (PP to (NP (QP C$ 1 billion )QP )NP )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The bank )NP (VP (VP said (SBAR (S (NP (NP the (QP C$ 1 billion )QP )NP (PP in (NP reserves )NP )PP )NP (VP will (VP result (PP in (NP (NP a charge )NP (PP of (NP (QP C$ *UNKN million )QP )NP )PP (PP against (NP earnings )NP )PP )NP )PP )VP )VP )S )SBAR )VP but (VP said (SBAR (S (NP it )NP (ADVP still )ADVP (VP expects (S (VP to (VP report (NP (NP a profit )NP (PP for (NP (NP the year )NP (VP ending (NP Tuesday )NP )VP )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The bank )NP (VP reported (NP (NP net income )NP (PP of (NP (QP C$ *UNKN million )QP )NP )PP (PP for (NP (NP the nine months )NP (VP ended (NP July 31 )NP )VP )NP )PP )NP )VP . )S  STOP
(S (NP The bank )NP (VP said (SBAR (S (NP (NP the increase )NP (PP in (NP loan-loss provisions )NP )PP )NP (VP wo n't (VP affect (NP (NP the payment )NP (PP of (NP dividends )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The bank )NP (VP said (SBAR (S (NP reserves )NP (ADVP now )ADVP (VP amount (PP to (NP (NP 61 % )NP (PP of (NP its total *UNK- exposure )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP Excluding (NP Mexico )NP )PP , (NP reserves )NP (VP equal (NP (NP 95 % )NP (PP of (NP *UNKC exposure )NP )PP )NP )VP . )S  STOP
(S (PP In (NP Toronto Stock Exchange trading )NP )PP , (NP (NP Bank )NP (PP of (NP Montreal )NP )PP )NP (VP closed (PP at (NP C$ *UNKN )NP )PP , (PP up (NP 87.5 Canadian cents )NP )PP )VP . )S  STOP
(S (NP *UNKC Inc. )NP (VP said (SBAR (S (NP third-quarter earnings )NP (VP jumped (NP 18 % )NP , (PP (ADVP partly )ADVP because of (NP (NP the sale )NP (PP of (NP (NP two )NP (PP of (NP its media properties )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The media concern )NP (VP said (SBAR (S (NP net income )NP (VP rose (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 72 cents )NP (NP a share )NP )NP )NP )PP , (PP from (NP (NP (QP $ 32 million )QP )NP , or (NP (NP 57 cents )NP (NP a share )NP )NP )NP )PP , (PP in (NP the year-earlier period )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The latest results )NP (VP include (NP (NP a gain )NP (PP of (NP (NP (QP $ 4.2 million )QP )NP , or (NP (NP eight cents )NP (NP a share )NP )NP )NP )PP , (PP on (NP (NP the sale )NP (PP of (NP (NP television stations )NP (PP in (NP (NP Oklahoma City )NP and (NP (NP *UNKC )NP , (NP Mich )NP )NP )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Revenue )NP (VP increased (NP 7.5 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP (NP Robert F. *UNKC )NP , (NP (NP Knight-Ridder 's )NP chief financial officer )NP , )NP (VP said (SBAR (S (NP the company )NP (VP was (ADJP `` pleased '' (PP with (NP its overall performance )NP )PP )ADJP , (PP despite (NP (NP only *UNK- growth )NP (PP in (NP newspaper revenue )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP That division 's )NP revenue )NP (VP rose (NP 2.3 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP (PP in (NP the year-ago period )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP in (NP advertising revenue )NP )PP )NP , (ADVP however )ADVP , (VP resulted (PP in (NP (NP operating profit )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP -- (ADVP up (NP 20 % )NP (PP from (NP (QP $ *UNKN million )QP )NP )PP )ADVP )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP , (NP *UNKC *UNKC )NP (VP closed (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP , (ADVP down (NP 12.5 cents )NP )ADVP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC Co. )NP , (NP *UNKC )NP , )NP (VP said (SBAR (S (NP it )NP (VP filed (NP (NP a preliminary prospectus )NP (PP for (NP (NP an offering )NP (PP of (NP common shares )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The natural resources development concern )NP (VP said (SBAR (S (NP proceeds )NP (VP will (VP be (VP used (S (VP to (VP repay (NP (NP long-term debt )NP , (SBAR (WHNP which )WHNP (S (VP stood (PP at (NP (NP (QP *UNKN million )QP Canadian dollars )NP (PRN -LRB- (NP (QP US$ *UNKN million )QP )NP -RRB- )PRN )NP )PP (PP at (NP (NP the end )NP (PP of (NP 1988 )NP )PP )NP )PP )VP )S )SBAR )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP plans (S (VP to (VP raise (NP (QP between C$ 75 million and C$ 100 million )QP )NP (PP from (NP the offering )NP )PP )VP )VP )S , (PP according (PP to (NP (NP a spokeswoman )NP (PP at (NP (NP (NP *UNKC *UNKC )NP (PP of (NP Canada Ltd. )NP )PP )NP , (NP lead underwriter )NP )NP )PP )NP )PP )PP )VP . )S  STOP
(S (S (NP The shares )NP (VP will (VP be (VP priced (PP in (NP early November )NP )PP )VP )VP )VP )S , (NP she )NP (VP said )VP . )S  STOP
(S (S (NP General Electric Co. executives and lawyers )NP (VP provided (NP `` (ADJP misleading and false )ADJP '' information )NP (PP to (NP the Pentagon )NP )PP (PP in (NP 1985 )NP )PP (PP in (NP an effort (S (VP to (VP cover (PRT up )PRT `` (NP longstanding fraudulent '' billing practices )NP )VP )VP )S )NP )PP )VP )S , (NP federal prosecutors )NP (VP alleged (PP in (NP legal *UNK )NP )PP )VP . )S  STOP
(S (NP (NP (NP The government 's )NP *UNKING allegations )NP , (VP filed (PP (NP only days )NP before (NP (NP the scheduled start )NP (PP of (NP (NP a criminal *UNK trial )NP (PP against (NP GE )NP )PP (PP in (NP Philadelphia federal district court )NP )PP )NP )PP )NP )PP )VP , )NP (VP challenge (NP (NP the *UNK and *UNK )NP (PP of (NP (NP the nation 's )NP *UNK- defense contractor )NP )PP )NP )VP . )S  STOP
(S (PP In (NP (NP a (ADJP strongly *UNKED )ADJP response )NP (VP *UNKING (NP (NP a filing )NP (VP made (PP in (NP the same court )NP )PP (NP yesterday )NP )VP )NP )VP )NP )PP , (NP GE )NP (VP asserted (SBAR that `` (S (NP prosecutors )NP (VP have (VP (VP *UNKED (NP (NP the testimony )NP (PP of (NP witnesses )NP )PP )NP )VP , (VP *UNKED (NP documents )NP )VP and (VP ignored (NP important facts )NP )VP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP The company )NP (VP (VP attacked (NP (NP the government 's )NP allegations )NP (PP as `` (NP (ADJP reckless and *UNK )ADJP *UNKING )NP )PP )VP , '' and (VP said (SBAR (S (NP its management )NP `` (VP (ADVP promptly and *UNKLY )ADVP reported '' (PP to (NP the Pentagon )NP )PP (NP (NP all relevant information )NP (PP about (NP billing practices )NP )PP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The case )NP (VP strikes (PP at (NP (NP the corporate image )NP (PP of (NP (NP GE )NP , (SBAR (WHNP which )WHNP (S (VP provides (NP the military )NP (PP with (NP (NP everything )NP (PP (PP from (NP (NP jet engines )NP and (NP electronic *UNK equipment )NP )NP )PP (PP to (NP (NP (ADJP highly *UNKED )ADJP design work )NP (PP on (NP the Strategic Defense *UNKC )NP )PP )NP )PP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP , and (VP could (VP cause (NP (NP a loss )NP (PP of (NP future defense contracts )NP )PP )NP (SBAR if (S (NP Pentagon and Justice Department officials )NP (VP take (NP a tough stance )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The company )NP (VP has (VP been (VP considered (S (NP (NP an industry leader )NP (PP in (S (VP *UNKING (NP (NP cooperation )NP and (NP (NP voluntary *UNK )NP (PP of (NP (ADJP *UNK or inflated )ADJP billing practices )NP )PP )NP )NP )VP )S )PP )NP )S )VP )VP )VP . )S  STOP
(S But (NP the government )NP (ADVP now )ADVP (VP claims (SBAR that (S (NP (NP a group )NP (PP of (NP company managers and lawyers )NP )PP )NP (VP engaged (PP in (NP an elaborate strategy )NP )PP (PP over (NP five years )NP )PP (S (VP to (VP *UNK (PP from (NP federal authorities )NP )PP (NP (NP the extent and details )NP (PP of (NP `` widespread '' fraudulent billing practices )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The problems )NP (VP were (VP uncovered (PP during (NP (NP a series )NP (PP of (NP (NP internal investigations )NP (PP of (NP (NP (NP the company 's )NP Space Systems division )NP , (SBAR (WHNP which )WHNP (S (VP has (VP been (NP (NP the focus )NP (PP of (NP (NP two separate *UNK prosecutions )NP (PP by (NP the government )NP )PP )NP )PP )NP (PP since (NP 1985 )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The dispute )NP (VP stems (PP from (NP (NP *UNK *UNKING )NP (PP in (NP (NP the pending court case )NP , (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP prosecutors )NP (VP have (VP been (VP demanding (NP (NP access )NP (PP to (NP (NP a host )NP (PP of (NP internal company *UNK , reports and documents )NP )PP )NP )PP )NP )VP )VP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP Last November )NP , (NP a federal grand jury )NP (VP indicted (NP GE )NP (PP on (NP (NP charges )NP (PP of (NP (NP (NP fraud )NP and (NP false claims )NP )NP (PP in (NP (NP connection )NP (PP with (NP an alleged scheme (S (VP to (VP *UNK (NP the Army )NP (PP of (NP (QP $ 21 million )QP )NP )PP (PP on (NP a *UNK computer contract )NP )PP )VP )VP )S )NP )PP )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP The company )NP , (PP for (NP its part )NP )PP , (VP maintains (SBAR that (S (NP (NP many )NP (PP of (NP the disputed documents )NP )PP )NP (VP are (NP (NP *UNKED *UNK- communications )NP (SBAR (WHNP that )WHNP (S (VP should n't (VP be (VP turned (PRT over )PRT (PP to (NP prosecutors )NP )PP )VP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A hearing )NP )NP (VP is (VP scheduled (PP on (NP the issue )NP )PP (NP today )NP )VP )VP . )S  STOP
(S (NP (NP The government 's )NP *UNK- filing )NP (VP covers (NP (NP events )NP (VP leading (ADVP up (PP to (NP (NP the current case )NP and (NP (NP an earlier indictment )NP (PP in (NP (NP March 1985 )NP , )NP )PP )NP )NP )PP )ADVP )VP )NP )VP (SBAR (WHADVP when )WHADVP (S (NP GE )NP (VP was (VP accused (PP of (S (VP *UNKING (NP the Pentagon )NP (PP by (S (VP (ADVP illegally )ADVP claiming (NP cost *UNK )NP (PP on (NP *UNKC missile contracts )NP )PP )VP )S )PP )VP )S )PP )VP )VP )S )SBAR . )S  STOP
(S (NP GE )NP (VP (VP pleaded (S (ADJP guilty )ADJP )S )VP and (VP paid (NP (NP a fine )NP (PP of (NP (QP more than $ 1 million )QP )NP )PP )NP )VP (PP in (NP (NP the *UNKC case )NP , (SBAR (WHNP which )WHNP (S (VP involved (NP (NP some )NP (PP of (NP (NP the same individuals and operations )NP (SBAR (WHNP that )WHNP (S (VP are (PP at (NP (NP the center )NP (PP of (NP (NP the dispute )NP (PP in (NP the Philadelphia court )NP )PP )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (SBAR In order (S (VP to (VP show (SBAR that (S (NP (NP all )NP (PP of (NP its units )NP )PP )NP (VP (VP had (VP corrected (NP billing problems )NP )VP )VP and (ADVP therefore )ADVP (VP should (VP become (NP (NP eligible )NP )NP (ADVP again )ADVP (PP for (NP new contracts )NP )PP )VP )VP )VP )S )SBAR )VP )VP )S )SBAR , (NP prosecutors )NP (VP contend (SBAR that (S (NP `` (NP *UNK- GE executives )NP '' and (NP company lawyers )NP )NP (VP provided `` (NP misleading statements )NP '' (PP to (NP (NP *UNK- Force Secretary *UNKC *UNKC )NP and (NP other Pentagon officials )NP )NP )PP (PP during (NP (NP a series )NP (PP of (NP meetings )NP )PP (PP in (NP 1985 )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Overall )ADVP , (NP the government )NP (VP contends (SBAR that (S (NP (NP GE 's )NP disclosure efforts )NP (ADVP largely )ADVP (VP were (VP intended (S (VP to (VP `` *UNK (NP favor )NP '' (PP with (NP Pentagon officials )NP )PP (PP without (S (VP *UNKING (NP (NP the extent )NP (PP of (NP (NP the (NX (NX management *UNK )NX and (NX (ADJP allegedly *UNK )ADJP billing *UNK )NX )NX )NP (VP uncovered (PP by (NP company investigations )NP )PP )VP )NP )PP )NP )VP )S )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP *UNK (NP (NP a company )NP (SBAR (WHNP that )WHNP (S (ADVP allegedly )ADVP (VP sat (PP on (NP (NP damaging evidence )NP (PP of (NP (NP *UNK )NP (PP (PP from (NP 1983 )NP )PP (PP to (NP 1985 )NP )PP )PP )NP )PP )NP )PP , (PP despite (NP (NP warnings )NP (PP from (NP an internal *UNK )NP )PP )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP GE )NP (ADVP finally )ADVP (VP disclosed (NP the problems )NP )VP )S )SBAR , (NP prosecutors )NP (VP contend (SBAR that (S (NP Mr. *UNKC )NP `` (VP was (VP (ADVP *UNKLY )ADVP informed (SBAR that (S (NP the (PRN -LCB- suspected -RCB- )PRN practices )NP (VP had (ADVP only just )ADVP (VP been (VP discovered '' (PP by (NP GE management )NP )PP )VP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP its brief )NP )PP , (NP the government )NP (VP asserted (SBAR that (S (NP it )NP (VP needs (NP the internal GE documents )NP (S (VP to (VP *UNK (NP (NP anticipated efforts )NP (PP by (NP GE )NP )PP (PP during (NP the trial )NP )PP (S (VP to (VP demonstrate `` (NP its good corporate character )NP )VP )VP )S )NP )VP )VP )S )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP GE )NP , (SBAR (WHNP which )WHNP (S (VP was (ADJP surprised (PP by (NP (NP the *UNK- *UNK )NP (PP for (NP (NP (QP more than 100 )QP (NX (NX boxes )NX and (NX file *UNK )NX )NX )NP (PP of (NP documents )NP )PP )NP )PP )NP )PP )ADJP )VP )S )SBAR , )NP (VP *UNKED (SBAR (SBAR that (S (NP senior GE managers )NP (VP did n't (VP find (PRT out )PRT (PP about (NP questionable billing practices )NP )PP (PP until (NP 1985 )NP )PP )VP )VP )S )SBAR , and (SBAR that (S (NP the information )NP (VP was (VP passed (PRT on )PRT (ADVP quickly )ADVP (PP to (NP Mr. *UNKC )NP )PP (PP at (NP (NP his first meeting )NP (PP with (NP company representatives )NP )PP )NP )PP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP (NP *UNKC meetings )NP , (VP *UNKED (SBAR after (S (NP (NP the company )NP and (NP (NP two )NP (PP of (NP its units )NP )PP )NP )NP (VP were (ADVP *UNKLY )ADVP (VP suspended (PP from (NP federal contracts )NP )PP )VP )VP )S )SBAR )VP , )NP (VP were (VP held (S (VP (VP to (VP *UNK (NP Mr. *UNKC )NP (PP with (NP (NP the company 's )NP *UNKING procedures )NP )PP )VP )VP and (VP to (VP disclose (NP additional information )NP )VP )VP )VP )S , (PP according (PP to (NP GE )NP )PP )PP )VP )VP . )S  STOP
(S (NP (NP GE 's )NP filing )NP (VP contends (SBAR that (S (NP (NP the billing practices )NP (PP at (NP (NP the heart )NP (PP of (NP the current controversy )NP )PP )NP )PP )NP (VP involved (NP (NP technical disputes )NP (PP rather than (NP criminal activity )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP The company 's )NP conduct )NP `` (VP does not (ADVP even )ADVP (VP raise (NP (NP a question )NP (PP of (NP *UNK corporate intent , *UNK or *UNK- )NP )PP )NP )VP )VP )S , '' (NP (NP GE 's )NP brief )NP (VP asserts )VP . )S  STOP
(S `` (PP On (NP the contrary )NP )PP , (NP it )NP (VP shows (NP (NP a corporation )NP (VP *UNKING (ADVP *UNKLY and aggressively )ADVP (PP to (NP (NP very difficult issues )NP (PP in (NP largely *UNKED *UNK )NP )PP )NP )PP )VP )NP )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP could n't (VP be (VP reached (PP for (NP comment )NP )PP (NP yesterday )NP )VP )VP )VP . )S  STOP
(S (NP (NP *UNKED *UNKC Energy Corp. )NP (PP of (NP (NP (NP City )NP (PP of (NP Industry )NP )PP )NP , (NP Calif. )NP , )NP )PP )NP (VP said (SBAR (S (NP (NP it )NP and (NP (NP its majority shareholder )NP , (NP American *UNKC Co. )NP , )NP )NP (VP signed (NP (NP a *UNKING letter )NP (PP of (NP (NP intent )NP (PP for (NP (NP the acquisition )NP (PP of (NP *UNKED *UNKC )NP )PP (PP by (NP McDonnell Douglas Corp. )NP )PP (PP for (NP (QP about $ 38 million )QP )NP )PP )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The proposed acquisition )NP (VP provides (PP for (NP (NP (NP a cash payment )NP (PP of (NP (NP $ 10 )NP (NP a share )NP )NP )PP (PP at (NP closing )NP )PP )NP and (NP (NP (NP a *UNK payment )NP (PP of (NP (NP as much )NP (PP as (NP (NP 80 cents )NP (NP a share )NP )NP )PP )NP )PP )NP (VP placed (PP in (NP *UNK )NP )PP )VP )NP )NP )PP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP of (NP the *UNK agreement )NP )PP )NP (VP have n't (VP been (VP completed )VP )VP )VP )S , (NP the companies )NP (VP said )VP . )S  STOP
(S (NP There )NP (VP are (NP (NP (QP 3.5 million )QP shares )NP (PP of (NP Applied *UNKC )NP )PP , (SBAR (WHPP of (WHNP which )WHNP )WHPP (S (NP American *UNKC )NP (VP owns (NP (NP 2.7 million )NP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP American *UNKC )NP (VP is (NP a (NP (NP Wayne )NP , (NP N.J. )NP , )NP chemicals , drugs and *UNK concern )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP the acquisition )NP )PP )NP (VP is (ADJP subject (PP to (NP (NP (NP execution )NP (PP of (NP a definitive agreement )NP )PP )NP , (NP (NP approval )NP (PP by (NP (NP all three companies ' )NP boards )NP )PP )NP and (NP (NP the approval )NP (PP of (NP (NP Applied *UNKC 's )NP shareholders )NP )PP )NP )NP )PP )ADJP )VP . )S  STOP
(S (NP An Applied *UNKC spokesman )NP (VP said (SBAR (S (NP completion )NP (VP is (VP expected (UCP (PP at (NP (NP the end )NP (PP of (NP the year )NP )PP )NP )PP or (ADVP early (NP next year )NP )ADVP )UCP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A spokeswoman )NP (PP for (NP the St. Louis aerospace and defense concern )NP )PP )NP (VP said (SBAR (S (NP it )NP (VP wanted (NP the *UNK )NP (SBAR because (S (S (NP Applied *UNKC )NP (VP is (VP involved (PP in (NP (NP *UNK cells )NP and (NP *UNK- *UNK components )NP )NP )PP )VP )VP )S , and (S (NP this )NP (VP fits (PP with (NP (NP (NP McDonnell 's )NP business )NP (PP of (NP (NP *UNK applications )NP (PP for (NP military space )NP )PP )NP )PP )NP )PP )VP )S )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Trading )NP (PP in (NP Cineplex Odeon Corp. shares )NP )PP )NP (VP was (VP halted (PP on (NP the New York and Toronto stock exchanges )NP )PP (NP late yesterday afternoon )NP (PP at (NP (NP the company 's )NP request )NP )PP )VP )VP )S , (NP Toronto Stock Exchange officials )NP (VP said )VP . )S  STOP
(S (NP (NP Brian *UNKING )NP , (NP (NP a spokesman )NP (PP for (NP (NP (NP the company 's )NP committee )NP (PP of (NP independent directors )NP )PP , (VP established (PP in (NP May )NP )PP (S (VP to (VP *UNK and evaluate (NP (NP offers )NP (PP for (NP the company )NP )PP )NP )VP )VP )S )VP )NP )PP )NP , )NP (VP said (SBAR (S (NP it )NP (VP was (VP expected (S (VP to (VP make (NP an announcement )NP (NP early this morning )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP Mr. *UNKING )NP (VP said (SBAR (S (NP he )NP (VP was n't (ADJP aware (PP of (NP (NP the nature )NP (PP of (NP (NP the talks )NP (PP under (NP way )NP )PP (PP between (NP (NP committee members )NP and (NP their advisers )NP )NP )PP )NP )PP )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP Cineplex )NP (VP traded (PP on (NP the New York Stock Exchange )NP )PP (PP at (NP (NP (NP $ *UNKN )NP (NP a share )NP )NP , (ADVP up (NP $ 1.125 )NP )ADVP )NP )PP , (SBAR before (S (NP trading )NP (VP was (VP halted )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Analysts )NP (VP have (VP speculated (PP in (NP recent days )NP )PP (SBAR (SBAR that (S (NP (NP the value )NP (PP of (NP (NP offers )NP (VP received (PP by (NP the committee )NP )PP )VP )NP )PP )NP (VP fell (ADVP well short (PP of (SBAR (WHNP what )WHNP (S (NP they )NP (VP had (VP hoped )VP )VP )S )SBAR )PP )ADVP )VP )S )SBAR , or (ADVP even )ADVP (SBAR that (S (NP (NP (NP the company 's )NP (NX (NX chairman )NX , (NX president )NX and (NX chief executive officer )NX )NX )NP , (NP *UNKC Drabinsky )NP , )NP (VP is (NP (NP the only bidder )NP (PP for (NP (NP the company )NP (PP as (NP a whole )NP )PP )NP )PP )NP )VP )S )SBAR )SBAR )VP )VP . )S  STOP
(S (NP The current effort (S (VP to (VP auction (PRT off )PRT (NP the company )NP )VP )VP )S )NP (VP was (VP triggered (PP by (NP (NP a dispute )NP (PP between (NP (NP Mr. Drabinsky )NP and (NP (NP (NP the Toronto-based movie chain 's )NP major shareholder )NP , (NP MCA Inc )NP )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP London share prices )NP (VP closed (ADVP sharply lower )ADVP (NP Tuesday )NP (PP on (NP (NP the back )NP (PP of (NP (NP (NP Wall Street 's )NP steep drop )NP and (NP (NP renewed fears )NP (PP over (NP U.K. economic fundamentals )NP )PP )NP )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP (NP Tokyo 's )NP winning *UNK )NP (VP came (PP to (NP an end )NP )PP )VP )S , and (S (NP stocks )NP (VP fell (PP (PP in (NP Frankfurt )NP )PP and (PP across (NP Europe )NP )PP (ADVP as well )ADVP )PP )VP )S . )S  STOP
(S (NP (NP London 's )NP Financial Times 100-share index )NP (VP shed (NP *UNKN points )NP (S (VP to (VP finish (PP at (NP *UNKN )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP At (NP (NP London 's )NP close )NP )PP , (NP the Dow Jones Industrial Average )NP (VP was (ADJP (NP *UNKN points )NP lower )ADJP (PP at (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP Dealers )NP (VP said (SBAR (S (NP the initial pressure )NP (VP came (PP from (NP (NP (NP (ADJP *UNKLY disappointing )ADJP U.K. trade figures )NP (PP for (NP September )NP )PP )NP and (NP (NP a *UNK report )NP (PP by (NP (NP the *UNKC )NP (PP of (NP British Industry )NP )PP )NP )PP (SBAR that (S (NP (NP a decline )NP (PP in (NP (NP orders )NP (PP for (NP manufactured goods )NP )PP )NP )PP )NP (VP is (VP *UNKING (NP both (NP business *UNK )NP and (NP (NP investment plans )NP (PP for (NP the coming year )NP )PP )NP )NP )VP )VP )S )SBAR )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The trade and *UNKC reports )NP (VP (VP *UNKED (NP attention )NP (PP on (NP (NP high interest rates )NP and (NP corporate profitability )NP )NP )PP )VP and (VP helped (VP *UNK (NP (NP underlying concerns )NP (PP over (NP (NP prospects )NP (PP for (NP (NP a recession )NP (PP in (NP the U.K. )NP )PP )NP )PP )NP )PP )NP )VP )VP )VP )S , (NP dealers )NP (VP said )VP . )S  STOP
(S (NP The 30-share index )NP (VP fell (NP *UNKN points )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP Volume )NP (VP was (UCP (NP (NP a modest (QP *UNKN million )QP shares )NP (VP traded )VP )NP , but (ADJP (ADJP better )ADJP (PP than (NP (NP (NP the year 's )NP lowest turnover )NP (PP of (NP *UNKN million )NP )PP (NP Monday )NP )NP )PP )ADJP )UCP )VP . )S  STOP
(S (NP Market *UNK )NP (ADVP also )ADVP (VP noted (SBAR (S (NP (NP an absence )NP (PP of (NP institutional interest )NP )PP (ADVP later (PP in (NP the session )NP )PP )ADVP )NP (VP helped (VP *UNK (NP the way )NP (PP for (NP (NP broader declines )NP (SBAR (WHADVP when )WHADVP (S (NP Wall Street )NP (VP opened (S (ADJP weaker )ADJP )S )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP added (SBAR that (S (S (NP *UNK- )NP (VP were (VP *UNKING (NP share prices )NP (PRT down )PRT (PP in (NP *UNK )NP )PP (PP in (NP a bid (S (VP to (VP attract (NP some interest )NP )VP )VP )S )NP )PP )VP )VP )S , but (S (NP the action )NP (ADVP largely )ADVP (VP helped (VP open (NP the way )NP (PP for (NP (NP London 's )NP late declines )NP )PP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (NP Insurance stocks )NP (VP provided (NP some early support )NP (PP to (NP the market )NP )PP , (PP (ADVP partly )ADVP on (NP (NP favorable brokerage *UNK )NP and (NP (NP talk )NP (PP of (NP (NP (ADJP *UNK European )ADJP interest )NP (PP in (NP British life and composite insurers )NP )PP )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP (NP (NP British life insurer London & General )NP , (SBAR (WHNP which )WHNP (S (VP firmed (NP 2 pence )NP (PP to (NP (NP *UNKN pence )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN )NP )PP )VP )S )SBAR )NP , and (NP (NP composite insurer Royal Insurance )NP , (SBAR (WHNP which )WHNP (S (VP finished (S (ADJP (NP 13 )NP lower )ADJP )S (PP at (NP *UNKN )NP )PP )VP )S )SBAR )NP , )NP (VP were (VP featured (PP in (NP the talk )NP )PP )VP )VP . )S  STOP
(S (PP On (NP the life insurance side )NP )PP , (S (NP *UNKC Group )NP (VP finished (S (ADJP (NP 5 )NP lower )ADJP )S (PP at (NP *UNKN )NP )PP )VP )S , and (S (NP Sun Life )NP (VP dropped (NP 15 )NP (PP to (NP # *UNKN )NP )PP )VP )S . )S  STOP
(S (NP Jaguar )NP (VP finished (S (ADJP (NP 4 )NP lower )ADJP )S (PP at (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP Dealers )NP (VP said (SBAR (S (NP the market )NP (VP did n't (VP *UNK (ADVP substantially )ADVP (PP to (NP (NP (NP Ford Motor Co. 's )NP disclosure )NP (PP to (NP the U.S. Securities and Exchange Commission )NP )PP (SBAR that (S (NP it )NP (VP will (VP seek (NP (NP 100 % )NP (PP of (NP (NP (NP Jaguar 's )NP shares )NP (ADJP outstanding )ADJP )NP )PP )NP (SBAR (WHADVP when )WHADVP (S (NP U.K. government share regulations )NP (VP are (VP lifted (PP at (NP (NP the end )NP (PP of (NP next year )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Tokyo stocks )NP (VP closed (S (ADJP easier )ADJP )S , (S (VP posting (NP (NP their first loss )NP (PP in (NP six trading days )NP )PP )NP )VP )S , (PP (ADVP partly )ADVP because of (NP (NP *UNKED *UNKED selling )NP (PP by (NP trust investment funds )NP )PP (PP in (NP the afternoon session )NP )PP )NP )PP )VP . )S  STOP
(S (NP The Nikkei index )NP (VP fell (NP *UNKN points )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP The index )NP (VP gained (NP *UNKN points )NP (NP Monday )NP )VP . )S  STOP
(S (PP In (NP early trading )NP )PP (PP in (NP Tokyo )NP )PP (NP Wednesday )NP , (NP the Nikkei index )NP (VP rose (NP *UNKN points )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (PP On (NP Tuesday )NP )PP , (NP (NP the Tokyo stock price index )NP (PP of (NP all first section issues )NP )PP )NP (VP was (ADVP down (NP *UNKN )NP )ADVP (PP at (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP First section volume )NP (VP was (VP estimated (PP at (NP (NP (QP 900 million )QP shares )NP , (ADVP up (PP from (NP *UNKN million )NP (NP Monday )NP )PP )ADVP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP the market )NP (ADVP again )ADVP (VP failed (S (VP to (VP find (NP a trading focus )NP )VP )VP )S , (S (VP discouraging (NP (NP much participation )NP (PP by (NP investors )NP )PP )NP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (S (NP The market )NP , (ADVP however )ADVP , (VP is (VP expected (S (VP to (VP remain (ADJP stable )ADJP )VP )VP )S )VP )VP )S and (S (NP (NP expectations )NP (PP for (NP future gains )NP )PP )NP (VP are (ADJP high )ADJP )VP )S )S , (NP traders )NP (VP said )VP . )S  STOP
(S (NP Such sentiment )NP (VP is (VP being (VP supported (PP by (NP word (SBAR that (S (NP (NP a large amount )NP (PP of (NP cash )NP )PP (PP from (NP investment trust funds )NP )PP )NP (VP is (VP scheduled (S (VP to (VP enter (NP the market )NP (UCP (NP later this week )NP and (PP in (NP early November )NP )PP )UCP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S (NP The expected amount )NP (VP is (VP said (S (VP to (VP be (NP (NP (NP (QP 700 billion )QP yen )NP (PRN -LRB- (NP (QP $ *UNKN billion )QP )NP -RRB- )PRN to (NP (QP 1.05 trillion )QP yen )NP )NP -- (NP (NP the (ADJP second largest )ADJP amount )NP (NP this year )NP (PP in (NP a given period )NP )PP , (PP following (NP (NP the record high )NP (VP set (PP at (NP (NP the end )NP (PP of (NP July )NP )PP )NP )PP )VP )NP )PP )NP )NP )VP )VP )S , (PP according (PP to (NP market observers )NP )PP )PP )VP )VP . )S  STOP
(S (PP In (NP (NP addition )NP (PP to (NP (NP a large amount )NP (PP of (NP investment trust fund cash )NP )PP )NP )PP )NP )PP , (NP analysts )NP (ADVP generally )ADVP (VP see (S (NP the market environment )NP (VP improving (PP compared (PP with (NP (NP the past couple )NP (PP of (NP weeks )NP )PP )NP )PP )PP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP an analyst )NP (PP at (NP Yamaichi Securities )NP )PP )NP , )NP (VP said , `` (S (NP The market sentiment )NP (VP is (ADJP bullish )ADJP , (SBAR (ADVP simply )ADVP because (S (NP there )NP (VP are (NP few bad factors )NP )VP )S )SBAR )VP )S )VP . '' )S  STOP
(S (NP Buying activity )NP (NP Tuesday )NP (VP *UNKED (PP on (NP (NP a wide range )NP (PP of (NP (NP *UNK )NP , (NP (NP domestic *UNKED shares )NP (SBAR (WHNP whose prices )WHNP (S (VP range (PP (PP from (NP 1,000 )NP )PP (PP to (NP 2,000 yen )NP )PP )PP )VP )S )SBAR )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Investors )NP (VP expect (SBAR (S (NP these shares )NP (VP will (VP be (NP (NP targets )NP (PP of (NP (NP investment trust funds )NP , (SBAR (WHNP which )WHNP (S (ADVP often )ADVP (VP buy (NP (NP small amounts )NP (VP spread (PP across (NP (NP a wide range )NP (PP of (NP issues )NP )PP )NP )PP )VP )NP )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (PP On (NP the other hand )NP )PP , (NP (NP *UNKED shares )NP (PP such as (NP (NP Pioneer Electronic )NP and (NP Sony )NP )NP )PP )NP (VP failed (S (VP to (VP spark (NP investor interest )NP )VP )VP )S (SBAR because (S (NP these issues )NP (VP are (ADJP unlikely (S (VP to (VP be (VP bought (PP by (NP investment trust funds )NP )PP )VP )VP )VP )S )ADJP )VP )S )SBAR )VP )S , (NP observers )NP (VP said )VP . )S  STOP
(S (NP (NP Tuesday 's )NP *UNK losers )NP (VP were (NP (NP *UNKED shares )NP (PP such as (NP (NP Pioneer )NP , (SBAR (WHNP which )WHNP (S (VP shed (NP *UNKN yen )NP (PP to (NP *UNKN yen )NP )PP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP Sony )NP (VP was (ADVP down (NP 130 )NP (PP to (NP *UNKN )NP )PP )ADVP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP fell (NP 120 )NP (PP to (NP *UNKN )NP )PP )VP )S , (S (NP Fuji *UNKC Film )NP (VP declined (NP 160 )NP (PP to (NP *UNKN )NP )PP )VP )S , and (S (NP *UNKC )NP (VP dropped (NP 160 )NP (PP to (NP *UNKN )NP )PP )VP )S . )S  STOP
(S (NP (NP Share prices )NP (PP on (NP the Frankfurt stock exchange )NP )PP )NP (VP closed (S (ADJP sharply lower )ADJP )S (PP in (NP thin dealings )NP )PP (SBAR as (S (NP worried investors )NP (VP remained (ADJP idle )ADJP (PP as (NP (NP the result )NP (PP of (NP two (ADJP potentially *UNKING )ADJP domestic developments )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The DAX index )NP (VP fell (NP *UNKN )NP (S (VP to (VP end (PP at (NP *UNKN )NP )PP )VP )VP )S )VP . )S  STOP
(SINV (VP *UNKING (PP against (NP the downward trend )NP )PP )VP (VP was )VP (NP (NP Continental )NP , (SBAR (WHNP which )WHNP (S (VP jumped (NP 4 marks )NP (PP to (NP (NP *UNKN marks )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN )NP )PP (PP in (NP heavy trading )NP )PP (PP on (NP (NP rumors )NP (SBAR that (S (NP the tire maker )NP (VP is (ADJP about (S (VP to (VP be (VP taken (PRT over )PRT )VP )VP )VP )S )ADJP )VP )S )SBAR )NP )PP )VP )S )SBAR )NP . )SINV  STOP
(S (NP It )NP (VP jumped (NP 7.5 )NP (NP Monday )NP )VP . )S  STOP
(S (NP Traders )NP (VP said (SBAR (S (NP the market )NP (VP was (ADJP *UNKLY thin )ADJP , (SBAR as (S (NP small investors )NP (VP remain (PP on (NP the sidelines )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Market participants )NP (VP say (SBAR (S (S (NP investors )NP (VP are (ADVP not only )ADVP (VP *UNKING (NP their *UNK )NP (PP following (NP (NP the *UNK )NP (NP last week )NP )NP )PP )VP )VP )S , but (S (NP they )NP (VP have (ADVP also )ADVP (VP been (VP made (S (ADJP nervous )ADJP )S (PP by (NP (NP two events )NP (PP in (NP West Germany )NP )PP )NP )PP )VP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (PP On (NP Sunday )NP )PP , (NP the governing Christian Democratic Union )NP (VP suffered (NP (NP a series )NP (PP of (NP (NP *UNK )NP , (SBAR (WHNP the extent (WHPP of (WHNP which )WHNP )WHPP )WHNP (S (VP became (ADJP fully known )ADJP (NP only late Monday )NP , (PP in (NP (NP municipal elections )NP (PP in (NP *UNKC )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP Traders )NP (VP say (SBAR (S (NP investors )NP (VP are (ADJP worried (SBAR that (S (NP the *UNKC )NP (VP wo n't (VP be (ADJP able (S (VP to (VP hold (NP office )NP (PP in (NP federal elections )NP )PP (PP at (NP (NP the end )NP (PP of (NP 1990 )NP )PP )NP )PP )VP )VP )S )ADJP )VP )VP )S )SBAR )ADJP )VP )S )SBAR )VP . )S  STOP
(S And (S (NP (NP statements )NP (PP by (NP (NP (NP the chairman )NP (PP of (NP the *UNK *UNKC labor union )NP )PP )NP , (NP *UNKC *UNKC )NP , )NP )PP )NP (ADVP also )ADVP (VP cast (NP a *UNK )NP (PP over (NP trading )NP )PP )VP )S , (NP dealers )NP (VP said )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (PP at (NP (NP a convention )NP (PP in (NP West Berlin )NP )PP )NP )PP (SBAR that (S (NP the union )NP (VP has (S (VP to (VP prepare (PP for (NP `` a big fight '' (S (VP to (VP achieve (NP (NP its main goal )NP (PP of (NP (NP a *UNK- *UNK )NP , (ADVP down (PP from (NP current *UNK- *UNK )NP )PP )ADVP )NP )PP )NP )VP )VP )S )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The decline )NP (PP in (NP prices )NP )PP )NP (VP cut (ADVP broadly )ADVP (PP through (NP the blue-chip issues )NP )PP , (SBAR as (S (S (NP *UNKC )NP (VP tumbled (NP 7.5 )NP (PP to (NP *UNKN )NP )PP )VP )S , (S (NP Deutsche Bank )NP (VP plunged (NP 7 )NP (PP to (NP *UNKN )NP )PP )VP )S , and (S (NP the auto makers )NP (VP fell (ADVP sharply )ADVP (ADVP as well )ADVP )VP )S )S )SBAR )VP . )S  STOP
(S (S (NP Daimler-Benz )NP (VP dropped (NP 12.5 )NP (PP to (NP *UNKN )NP )PP )VP )S , (S (NP *UNKC *UNKC *UNKC )NP (VP dropped (NP 10.5 )NP (PP to (NP *UNKN )NP )PP )VP )S , and (S (NP *UNKC )NP (VP lost (NP 7.1 )NP )VP )S . )S  STOP
(S (ADVP Elsewhere )ADVP , (NP share prices )NP (VP closed (S (ADJP lower )ADJP )S (PP in (NP Zurich , Amsterdam , Milan and Stockholm )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP about (NP Wall Street )NP )PP )NP (VP was (VP cited (PP in (NP several markets )NP )PP )VP )VP . )S  STOP
(S (NP Prices )NP (VP (VP closed (S (ADJP lower )ADJP )S (PP in (NP Sydney , Singapore and Wellington )NP )PP )VP , (VP (VP were (ADJP mixed )ADJP (PP in (NP Hong Kong )NP )PP )VP and (VP (ADJP higher )ADJP (PP in (NP Taipei , Manila , Paris , Brussels and Seoul )NP )PP )VP )VP )VP . )S  STOP
(SINV (ADVP Here )ADVP (VP are )VP (NP (NP price trends )NP (PP on (NP (NP the world 's )NP major stock markets )NP )PP )NP , (SBAR as (S (VP calculated (PP by (NP (NP Morgan Stanley Capital International Perspective )NP , (NP Geneva )NP )NP )PP )VP )S )SBAR . )SINV  STOP
(S (S (VP To (VP make (S (NP them )NP (ADJP directly comparable )ADJP )S )VP )VP )S , (NP each index )NP (VP is (VP based (PP on (S (NP (NP the close )NP (PP of (NP 1969 )NP )PP )NP (VP equaling (NP 100 )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP The percentage change )NP (VP is (PP since (NP year-end )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP (NP (NP *UNKC Bank )NP and (NP *UNKC *UNKC *UNKC )NP )NP , (NP (NP two )NP (PP of (NP (NP Norway 's )NP leading banks )NP )PP )NP , )NP )PP )NP (VP announced (SBAR (S (NP they )NP (VP had (VP agreed (PP to (NP (NP the formal merger )NP (PP of (NP the banks )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The merger )NP (VP would (VP create (NP (NP (NP *UNKC 's )NP (ADJP seventh largest )ADJP bank )NP , (PP with (NP (NP combined assets )NP (PP of (NP (NP (QP *UNKN billion )QP *UNKC *UNK )NP (PRN -LRB- (NP (QP $ *UNKN billion )QP )NP -RRB- )PRN )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP The banks )NP (VP said (SBAR (S (NP (NP an application )NP (PP for (NP a *UNK (S (VP to (VP merge (PP into (NP (NP one entity )NP (SBAR (S (VP to (VP be (VP called (S (NP *UNKC *UNKC Bank *UNK )NP )S )VP )VP )VP )S )SBAR )NP )PP )VP )VP )S )NP )PP )NP (VP was (VP sent (NP Monday )NP (PP to (NP the Finance Ministry )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The two boards )NP (VP said (PP in (NP a joint statement )NP )PP (SBAR that (S (NP the proposed merger agreement )NP (VP was (VP considered (PP in (NP (NP separate board meetings )NP (PP in (NP *UNKC )NP )PP )NP )PP (NP Monday )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP said (SBAR (S (NP the agreement )NP (VP will (VP be (VP submitted (PP to (NP their *UNK *UNK boards )NP )PP (NP next Wednesday )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC general meetings )NP , (SBAR (S (VP to (VP be (VP held (NP Nov. 28 )NP )VP )VP )VP )S )SBAR , )NP (VP will (VP decide (NP the share exchange ratio )NP )VP )VP . )S  STOP
(S (NP The merger )NP (VP requires (NP (NP the approval )NP (PP of (NP *UNKC authorities )NP )PP )NP )VP . )S  STOP
(S (S (NP Savings and loans )NP (VP reject (NP blacks )NP (PP for (NP mortgage loans )NP )PP (ADVP (ADVP twice as often )ADVP (PP as (S (NP they )NP (VP reject (NP whites )NP )VP )S )PP )ADVP )VP )S , (NP (NP the Office )NP (PP of (NP *UNKC *UNKC )NP )PP )NP (VP said )VP . )S  STOP
(S (S But (NP that )NP (VP does n't (ADVP necessarily )ADVP (VP mean (SBAR (S (NP thrifts )NP (VP are (VP *UNKING (PP against (NP blacks )NP )PP )VP )VP )S )SBAR )VP )VP )S , (NP the agency )NP (VP said )VP . )S  STOP
(S (NP (NP The office )NP , (NP (NP an arm )NP (PP of (NP the Treasury )NP )PP )NP , )NP (VP said (SBAR (S (S (NP it )NP (VP does n't (VP have (NP (NP data )NP (PP on (NP (NP the financial position )NP (PP of (NP *UNK )NP )PP )NP )PP )NP )VP )VP )S and (ADVP thus )ADVP (S (VP ca n't (VP determine (SBAR (WHADVP why )WHADVP (S (NP blacks )NP (VP are (VP rejected (ADVP more often )ADVP )VP )VP )S )SBAR )VP )VP )S )S )SBAR )VP . )S  STOP
(S (ADVP Nevertheless )ADVP , (PP on (NP (NP Capitol Hill )NP , (SBAR (WHADVP where )WHADVP (S (NP the information )NP (VP was (VP released (NP yesterday )NP (PP at (NP a Senate banking subcommittee hearing )NP )PP )VP )VP )S )SBAR , )NP )PP (NP lawmakers )NP (VP said (SBAR (S (NP they )NP (VP are (ADJP worried (SBAR that (S (NP financial institutions )NP (VP are (ADVP routinely )ADVP (VP *UNKING (PP against (NP minorities )NP )PP )VP )VP )S )SBAR )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP asked (NP regulators )NP (S (VP to (VP suggest (NP (NP new ways )NP (SBAR (S (VP to (VP force (S (NP banks and thrifts )NP (VP to (VP comply (PP with (NP *UNK- laws )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP Sen. Alan *UNKC )NP (PRN -LRB- (NP D )NP , (NP Ill. )NP -RRB- )PRN , (NP (NP chairman )NP (PP of (NP (NP the subcommittee )NP (PP on (NP (UCP consumer and regulatory )UCP affairs )NP )PP )NP )PP )NP , )NP (VP said , `` (S (NP I )NP (VP 'm not (NP a *UNK )NP )VP )S )VP . )S  STOP
(S But (SBAR (WHADVP when )WHADVP (S (NP blacks )NP (VP are (VP getting (S (NP their loan applications )NP (VP rejected (ADVP (ADVP twice as often )ADVP (PP as (NP whites )NP )PP )ADVP )VP )S )VP )VP )S )SBAR (PRN -- (S and (PP in (NP some cities )NP )PP , (NP it )NP (VP is (ADVP (QP three and four times )QP as often )ADVP )VP )S -- )PRN (NP I )NP (VP conclude (SBAR that (S (NP discrimination )NP (VP is (NP (NP part )NP (PP of (NP the problem )NP )PP )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP James *UNKC )NP , (NP (NP a spokesman )NP (PP for (NP (NP the U.S. League )NP (PP of (NP Savings *UNKC )NP )PP )NP )PP )NP , )NP (VP said , `` (S (S (NP The data )NP (VP is (NP a red flag )NP )VP )S , but (S (S (VP *UNKING (NP the financial data )NP )VP )S (NP you )NP (VP ca n't (VP make (NP a case )NP (SBAR that (S (NP discrimination )NP (VP is (ADJP widespread )ADJP )VP )S )SBAR )VP )VP )S )S )VP . '' )S  STOP
(S (NP The trade group official )NP (VP added : `` (S (ADVP *UNKLY )ADVP (NP the federal government )NP (VP should (VP take (NP (NP a hard look )NP (PP at (NP it )NP )PP )NP )VP )VP )S )VP . '' )S  STOP
(S (NP Sen. *UNKC )NP (VP held (NP the hearing )NP (S (VP to (VP follow (PRT up )PRT (PP on (NP (NP a provision )NP (PP in (NP the savings and loan bailout bill )NP )PP (SBAR (WHNP that )WHNP (S (VP required (S (NP regulators )NP (VP to (VP report (PP on (NP (NP evidence )NP (PP of (NP *UNK )NP )PP (PP in (NP mortgage lending )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S (S (NP The legislation )NP (ADVP also )ADVP (VP requires (NP (NP broad new *UNK )NP (PP of (NP (NP the (NX (NX race )NX , (NX sex )NX and (NX income level )NX )NX )NP (PP of (NP borrowers )NP )PP )NP )PP )NP )VP )S , but (S (NP that information )NP (VP wo n't (VP be (VP gathered (PP in (NP new studies )NP )PP (PP for (NP (NP several months )NP (ADVP at least )ADVP )NP )PP )VP )VP )VP )S . )S  STOP
(S (NP The Federal Reserve )NP (VP said (SBAR (S (NP (NP its studies )NP (PP in (NP recent years )NP )PP , (SBAR (WHNP which )WHNP (S (VP adjust (PP for (NP (NP income differences )NP and (NP other *UNK )NP )NP )PP )VP )S )SBAR , )NP (VP showed (SBAR that (S (NP blacks )NP (VP received (NP (NP fewer home mortgages )NP )NP (PP from (NP banks and thrifts )NP )PP (PP than (NP whites )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP John *UNKC )NP , (NP a Fed governor )NP , )NP (VP told (NP the subcommittee )NP (SBAR (SBAR (S (NP the evidence )NP (VP is (ADJP mixed )ADJP )VP )S )SBAR and (SBAR that (S (NP the Fed 's )NP (VP believes (SBAR (S (NP (NP the vast majority )NP (PP of (NP banks )NP )PP )NP (VP are n't (VP *UNKING )VP )VP )S )SBAR )VP )S )SBAR )SBAR )VP . )S  STOP
(S (PP For (NP instance )NP )PP (PRN , (S (NP he )NP (VP noted )VP )S , )PRN (NP the Fed studies )NP (VP have (VP shown (SBAR that (S (NP blacks )NP (VP receive (NP (NP more home improvement loans )NP (PP than (NP whites )NP )PP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Several lawmakers )NP (VP were (ADJP *UNKED (SBAR that (S (NP the bank and thrift regulators )NP (ADVP generally )ADVP (VP said (SBAR (S (NP they )NP (VP have (VP been (ADJP too busy )ADJP (S (VP handling (NP (NP the record number )NP (PP of (NP bank and thrift failures )NP )PP (PP in (NP the past few years )NP )PP )NP )VP )S (S (VP to (VP put (NP much energy )NP (PP into (S (VP investigating (NP possible discrimination )NP )VP )S )PP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )ADJP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP would (VP be (NP (NP the first )NP (SBAR (S (VP to (VP admit (SBAR that (S (NP we )NP (VP have not (VP *UNKED (NP (NP the necessary amount )NP (PP of (NP emphasis )NP )PP )NP (PP over (NP the past several years )NP )PP '' (PP to (S (VP developing (NP (NP *UNK )NP (PP for (NP discrimination )NP )PP )NP )VP )S )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )VP )S , (VP said )VP (NP (NP Jonathan *UNKC )NP , (NP (NP a top official )NP (PP of (NP (NP the Office )NP (PP of (NP *UNKC *UNKC )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (SBAR If (S (NP we )NP (VP 've (VP got (NP (NP folks )NP (PP out (NP there )NP )PP (SBAR (WHNP who )WHNP (S (VP are (VP being (VP turned (PRT away )PRT (PP in (NP the mortgage market )NP )PP (ADVP improperly and unfairly )ADVP )VP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR (PRN , '' (SINV (VP said )VP (NP (NP Sen. Donald *UNKC )NP (PRN -LRB- (NP D. )NP , (NP Mich. )NP -RRB- )PRN , (NP (NP chairman )NP (PP of (NP the banking committee )NP )PP )NP )NP )SINV , )PRN `` (ADVP then )ADVP (NP that )NP (VP is (NP (NP a matter )NP (SBAR (WHNP that )WHNP (S (VP needs (NP *UNK )NP (ADVP (ADVP now )ADVP , not (NP (NP (NP six months )NP (PP from (NP now )NP )PP )NP , or (NP (NP six years )NP (PP from (NP now )NP )PP )NP , or (NP (NP 26 years )NP (PP from (NP now )NP )PP )NP )NP )ADVP )VP )S )SBAR )NP )VP . '' )S  STOP
(S (NP (NP Officials )NP (PP of (NP (NP the Federal Deposit Insurance Corp. )NP and (NP (NP the Office )NP (PP of (NP (NP the *UNKC )NP (PP of (NP the *UNKC )NP )PP )NP )PP )NP )NP )PP )NP (VP said (SBAR (S (NP they )NP (VP have (VP *UNKED (NP (QP only a few )QP banks )NP (PP for (NP (NP violations )NP (PP of (NP *UNK- laws )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNKC )NP (VP said (SBAR (S (NP it )NP (VP has (VP issued (NP five *UNK )NP (PP to (NP banks )NP )PP (PP over (NP the past three years )NP )PP (PP for (NP *UNK practices )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The comptroller 's )NP office )NP (VP said (SBAR (S (NP it )NP (VP found (NP (NP no indications )NP (PP of (NP illegal discrimination )NP )PP )NP (PP in (NP (NP *UNKN *UNK )NP (PP of (NP banks )NP )PP (PP since (NP April 1987 )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The comptroller 's )NP office )NP (ADVP also )ADVP (VP said (SBAR that (S (PP of (NP (NP *UNKN complaints )NP (SBAR (S (NP it )NP (VP received (PP since (NP January 1987 )NP )PP )VP )S )SBAR )NP )PP , (NP (NP only 16 )NP )NP (VP alleged (NP (NP racial discrimination )NP (PP in (NP real estate lending )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The agency )NP (VP *UNKED (NP the complaints )NP )VP )S but (S (NP no violations )NP (VP were (VP cited )VP )VP )S . )S  STOP
(S (NP Thrift regulators )NP (VP did n't (VP give (NP (NP any figures )NP (PP on (NP their enforcement actions )NP )PP )NP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR that (SINV (PP among (NP (NP the possibilities )NP (VP being (VP considered (PP by (NP regulators )NP )PP (S (VP to (VP fight (NP discrimination )NP )VP )VP )S )VP )VP )NP )PP (VP is )VP (NP (NP the use )NP (PP of (NP `` (NP *UNK )NP '' -- (NP (NP government investigators )NP (SBAR (WHNP who )WHNP (S (VP would (VP *UNK (PP as (NP home buyers )NP )PP )VP )VP )S )SBAR )NP )NP )PP )NP )SINV )SBAR )VP . )S  STOP
(S (NP (NP The Department )NP (PP of (NP Housing and Urban Development )NP )PP )NP (VP has (VP used (NP *UNK )NP (S (VP to (VP investigate (NP (NP discrimination )NP (PP in (NP rental housing )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (S (VP Using (NP *UNK )NP )VP )S (VP could (VP be (ADJP controversial )ADJP (PP with (NP financial institutions )NP )PP )VP )VP )S , but (S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP (NP the U.S. League )NP (PP of (NP Savings Institutions )NP )PP )NP (VP had n't (ADVP yet )ADVP (VP taken (NP any position )NP (PP on (NP the matter )NP )PP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP Time Warner Inc. )NP (VP is (VP considering (NP (NP a legal challenge )NP (PP to (NP (NP (NP Tele-Communications Inc. 's )NP plan (S (VP to (VP buy (NP (NP half )NP (PP of (NP Showtime *UNKC Inc. )NP )PP )NP )VP )VP )S )NP , (NP (NP a move )NP (SBAR (WHNP that )WHNP (S (VP could (VP lead (PP to (NP (NP *UNK- war )NP (PP between (NP (NP the cable industry 's )NP two (ADJP most powerful )ADJP players )NP )PP )NP )PP )VP )VP )S )SBAR )NP )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP Time )NP (VP is (ADVP also )ADVP (VP fighting (NP the transaction )NP (PP on (NP other *UNK )NP )PP , (PP by (S (VP attempting (S (VP to (VP *UNK (NP other cable operators )NP (PP from (S (VP joining (NP Tele-Communications )NP (PP as (NP (NP investors )NP (PP in (NP Showtime )NP )PP )NP )PP )VP )S )PP )VP )VP )S )VP )S )PP )VP )VP )S , (NP *UNK- industry executives )NP (VP say )VP . )S  STOP
(S (NP Time officials )NP (VP declined (S (VP to (VP comment )VP )VP )S )VP . )S  STOP
(S (NP Last week )NP , (NP Tele-Communications )NP (VP agreed (S (VP to (VP pay (NP Viacom Inc. )NP (NP (QP $ 225 million )QP )NP (PP for (NP (NP a (NP 50 % )NP stake )NP (PP in (NP (NP its Showtime subsidiary )NP , (SBAR (WHNP which )WHNP (S (VP is (NP (NP a *UNK second )NP (PP to (NP (NP Time 's )NP Home *UNKC Office )NP )PP (PP in (NP (NP the delivery )NP (PP of (NP *UNK- networks )NP )PP (PP to (NP cable subscribers )NP )PP )NP )PP )NP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP Tele-Communications )NP , (NP (NP the U.S. 's )NP largest cable company )NP , )NP (VP said (SBAR (S (NP it )NP (VP may (VP seek (NP (NP other cable partners )NP (SBAR (S (VP to (VP join (PP in (NP its investment )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Tele-Communications )NP (VP is (NP (NP HBO 's )NP largest customer )NP )VP )S , and (S (NP the two )NP (VP have (NP (NP a number )NP (PP of (NP other business relationships )NP )PP )NP )VP )S . )S  STOP
(S (S (NP Earlier this year )NP , (NP Time )NP (ADVP even )ADVP (VP discussed (S (VP bringing (NP Tele-Communications )NP (PRT in )PRT (PP as (NP (NP an investor )NP (PP in (NP HBO )NP )PP )NP )PP )VP )S )VP )S , (NP (NP executives )NP (PP at (NP both companies )NP )PP )NP (VP said )VP . )S  STOP
(SINV (S (NP (NP The purchase )NP (PP of (NP the Showtime stake )NP )PP )NP (VP is `` (NP (NP a direct *UNK )NP (PP in (NP our face )NP )PP )NP )VP )S , '' (VP said )VP (NP one senior Time executive )NP . )SINV  STOP
(S (NP Time )NP (VP is (VP expected (S (VP to (VP mount (NP a legal challenge )NP (PP in (NP (NP U.S. District Court )NP (PP in (NP (NP New York )NP , (SBAR (WHADVP where )WHADVP (S (NP Viacom )NP (PP in (NP May )NP )PP (VP filed (NP (NP a (ADJP (QP $ 2.5 billion )QP )ADJP antitrust suit )NP (VP charging (NP Time and HBO )NP (PP with (S (VP (VP *UNKING (NP the *UNK- business )NP )VP and (VP trying (S (VP to (VP crush (NP (NP competition )NP (PP from (NP Showtime )NP )PP )NP )VP )VP )S )VP )VP )S )PP )VP )NP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Executives )NP (VP involved (PP in (S (VP *UNKING (NP (NP Time 's )NP defense )NP )VP )S )PP )VP )NP (VP say (SBAR (S (NP it )NP (VP is (ADVP now )ADVP (VP preparing (NP (NP a *UNK )NP (VP *UNKING (NP both Viacom and Tele-Communications )NP (PP as (NP defendants )NP )PP )VP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The executives )NP (VP say (SBAR (S (NP Time )NP (VP (VP may (VP seek (S (VP to (VP break (PRT up )PRT (NP the transaction )NP (SBAR after (S (NP it )NP (VP is (VP *UNKED )VP )VP )S )SBAR )VP )VP )S )VP )VP , or (VP may (VP seek (NP (NP *UNK )NP (SBAR (WHNP that )WHNP (S (VP would (VP prevent (NP Tele-Communications )NP (PP from (S (VP dropping (NP HBO )NP (PP in (NP (NP any )NP (PP of (NP its cable systems )NP )PP )NP )PP (PP in (NP (NP favor )NP (PP of (NP Showtime )NP )PP )NP )PP )VP )S )PP )VP )VP )S )SBAR )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Viacom officials )NP (VP declined (S (VP to (VP comment )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP Tele-Communications ' )NP chief outside counsel )NP , )NP (VP said (SBAR (S (NP he )NP (VP was n't (ADJP aware (PP of (NP (NP Time 's )NP legal plans )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S But (NP he )NP (VP said (SBAR that (S (NP (NP any effort )NP (PP by (NP Time )NP )PP (S (VP to (VP *UNK (NP (NP the Tele-Communications investment )NP (PP in (NP Showtime )NP )PP )NP (PP as (ADJP *UNK- )ADJP )PP )VP )VP )S )NP (VP would (VP be `` (NP (NP the *UNK )NP (VP calling (S (NP the *UNK )NP (ADJP black )ADJP )S )VP )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S `` (S (NP (NP It )NP )NP (VP 's (ADJP hard )ADJP (S (VP to (VP see (SBAR (WHADVP how )WHADVP (S (NP (NP an investment )NP (PP by (NP (NP the largest (PRN -LCB- cable operator -RCB- )PRN )NP (PP in (NP (NP the weaker )NP (PP of (NP the two networks )NP )PP )NP )PP )NP )PP )NP (VP is (ADJP *UNK- )ADJP )VP )S )SBAR )VP )VP )S , (SBAR (WHADVP when )WHADVP (S (NP (NP the stronger )NP (PP of (NP the two networks )NP )PP )NP (VP is (VP owned (PP by (NP the (ADJP second largest )ADJP '' cable operator )NP )PP )VP )VP )S )SBAR )VP )S , (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (PP In (NP (NP addition )NP (PP to (S (VP owning (NP (NP HBO )NP , (PP with (NP (QP 22 million )QP subscribers )NP )PP , )NP )VP )S )PP )NP )PP (NP Time Warner )NP (VP (ADVP separately )ADVP operates (NP (NP *UNK- system )NP (VP serving (NP (QP about 5.6 million )QP *UNK- subscribers )NP )VP )NP )VP . )S  STOP
(S (S (NP Tele-Communications )NP (VP controls (NP (QP close to 12 million )QP cable subscribers )NP )VP )S , and (S (NP Viacom )NP (VP has (NP about one million )NP )VP )S . )S  STOP
(S (PP In (NP (NP its suit )NP (PP against (NP Time )NP )PP )NP )PP , (NP Viacom )NP (VP says (SBAR (S (NP (NP the ownership )NP (PP of (NP both (NP cable systems )NP and (NP *UNKING networks )NP )NP )PP )NP (VP gives (NP the company )NP (NP (ADJP too much )ADJP market power )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Time )NP (VP argues (SBAR that (S (PP in (S (VP joining (PRT up )PRT (PP with (NP Tele-Communications )NP )PP )VP )S )PP , (NP Viacom )NP (VP has (NP (ADJP potentially more )ADJP power )NP , (SBAR (ADVP particularly )ADVP since (S (NP Viacom )NP (ADVP also )ADVP (VP owns (NP cable networks *UNKC , *UNKC and (NAC *UNKC (PP at (NP *UNKC )NP )PP )NAC )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP Tele-Communications and Time )NP (VP have (ADVP often )ADVP (VP worked (ADVP closely )ADVP (PP in (NP the cable business )NP )PP )VP )VP . )S  STOP
(S (S (ADVP *UNKC )ADVP , (NP they )NP (VP control (NP (NP (QP nearly 40 )QP % )NP (PP of (NP Turner Broadcasting Systems Inc. )NP )PP )NP )VP )S ; (S (NP Tele-Communications )NP (VP has (NP a (ADJP *UNKN % )ADJP stake )NP , (SBAR while (S (NP Time Warner )NP (VP has (NP a (ADJP *UNKN % )ADJP stake )NP )VP )S )SBAR )VP )S . )S  STOP
(S But (PP since (NP (NP (NP Time 's )NP merger )NP (PP with (NP Warner Communications Inc. )NP )PP )NP )PP , (NP (NP relations )NP (PP between (NP the two )NP )PP )NP (VP have (VP become (ADJP *UNKED )ADJP )VP )VP . )S  STOP
(S (NP Each company )NP (VP worries (SBAR that (S (NP the other )NP (VP is (VP becoming (ADJP (ADJP too powerful )ADJP and (ADJP too *UNKLY integrated )ADJP )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP some legal observers )NP (VP say (SBAR (S (NP (NP the Tele-Communications investment )NP and (NP other developments )NP )NP (VP are (VP weakening (NP (NP (NP Viacom 's )NP antitrust suit )NP (PP against (NP Time )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Viacom )NP (VP *UNK (NP Time )NP (PP in (NP its suit )NP )PP (PP of (S (VP refusing (S (VP to (VP carry (NP (NP Showtime )NP or (NP (NP a sister service )NP , (NP The *UNKC Channel )NP , )NP )NP (PP on (NP (NP (NP Time 's )NP Manhattan Cable TV system )NP , (NP (NP one )NP (PP of (NP (NP the nation 's )NP largest urban systems )NP )PP )NP )NP )PP )VP )VP )S )VP )S )PP )VP . )S  STOP
(S But (NP yesterday )NP , (NP Manhattan Cable )NP (VP announced (SBAR (S (NP it )NP (VP will (VP launch (NP Showtime )NP (PP on (NP Nov. 1 )NP )PP (PP to (NP (QP over *UNKN )QP subscribers )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Showtime )NP (VP has (ADVP also )ADVP (VP accused (NP HBO )NP (PP of (S (VP *UNKING (PRT up )PRT (NP (NP (NP the *UNK 's )NP share )NP (PP of (NP (NP Hollywood 's )NP movies )NP )PP )NP (PP by (S (VP signing (NP (NP exclusive contracts )NP (PP with (NP all the major *UNK )NP )PP )NP )VP )S )PP )VP )S )PP )VP )VP . )S  STOP
(S But (NP Showtime )NP (VP (VP has (VP continued (S (VP to (VP sign (NP new contracts )NP (PP with (NP Hollywood *UNK )NP )PP )VP )VP )S )VP )VP , and (VP (NP yesterday )NP announced (SBAR (S (NP it )NP (VP will (VP buy (NP movies )NP (PP from (NP (NP Columbia Pictures Entertainment Inc. )NP , (SBAR (WHNP which )WHNP (S (ADVP currently )ADVP (VP has (NP (NP a *UNK- arrangement )NP (PP with (NP HBO )NP )PP )NP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The Federal Trade Commission )NP (VP said (SBAR (S (NP it )NP (VP authorized (S (NP its staff )NP (VP to (VP seek (NP (NP a preliminary injunction )NP (VP *UNKING (NP *UNKC Industries Inc. )NP (PP from (S (VP acquiring (NP (NP the shares )NP (ADJP outstanding )ADJP (PP of (NP (NP the U.S. unit )NP (PP of (NP (NP the British company )NP , (NP United Scientific Holdings PLC )NP , )NP )PP )NP )PP )NP (PP for (NP (QP $ 69 million )QP )NP )PP )VP )S )PP )VP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The FTC )NP (VP said (SBAR (S (NP it )NP `` (VP had (NP reason (S (VP to (VP believe (SBAR that (S (NP the proposed acquisition )NP (VP could (VP (ADVP substantially )ADVP reduce (NP (NP competition )NP '' (PP in (NP (NP the production )NP (PP of (NP (NP certain image *UNK *UNK )NP , (SBAR (WHNP which )WHNP (S (VP are (NP (NP important components )NP (PP of (NP (NP *UNK- devices )NP (VP sold (PP (ADVP primarily )ADVP to (NP the defense industry )NP )PP )VP )NP )PP )NP )VP )S )SBAR )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The FTC )NP (VP (VP said (SBAR (S (NP it )NP (VP would (VP seek (S (VP to (VP *UNK (NP the proposed acquisition )NP (PP in (NP a federal trial court )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP , but (VP declined (S (VP to (VP specify (NP which one )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP Under (NP federal law )NP )PP , (SBAR if (S (NP the court )NP (VP grants (NP a preliminary injunction )NP )VP )S )SBAR , (NP the FTC )NP (VP must (VP begin (NP (NP administrative proceedings )NP (SBAR (S (VP to (VP determine (NP (NP the *UNK )NP (PP of (NP the proposed stock purchase )NP )PP )NP )VP )VP )S )SBAR )NP (PP within (NP 20 days )NP )PP )VP )VP . )S  STOP
(S (NP (NP Officials )NP (PP (PP at (NP (NP (NP the United Scientific unit )NP , (NP (NP *UNKC Corp. )NP (PP of (NP (NP *UNKC )NP , (NP Texas )NP )NP )PP )NP )NP )NP )PP , and (PP at (NP (NP *UNKC Industries )NP (PP of (NP (NP *UNKC )NP , (NP N.J. )NP , )NP )PP )NP )PP )PP )NP (VP could n't (VP be (VP reached (PP for (NP comment )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP (NP The airline industry 's )NP fortunes )NP , (PP in (NP *UNKING shape )NP )PP (PP for (NP (NP most )NP (PP of (NP the year )NP )PP )NP )PP , )NP (VP have (VP taken (NP (NP a sudden turn )NP (PP for (NP the worse )NP )PP )NP (PP in (NP the past few weeks )NP )PP )VP )VP . )S  STOP
(S (S (VP *UNKING (NP (NP rising fuel costs )NP , (NP promotional fare cuts )NP and (NP (NP a general slowdown )NP (PP in (NP travel )NP )PP )NP , )NP )VP )S (NP several major carriers )NP (VP (VP have (VP posted )VP )VP or (VP are (VP expected (S (VP to (VP post )VP )VP )S )VP )VP (NP (ADJP relatively poor )ADJP third-quarter results )NP )VP . )S  STOP
(S (NP Yesterday )NP , (NP (NP USAir Group Inc. )NP , (NP (NP recently one )NP (PP of (NP (NP the industry 's )NP *UNK *UNK )NP )PP )NP , )NP (VP posted (NP (NP a *UNKED (ADJP (QP $ *UNKN million )QP )ADJP net loss )NP (PP for (NP the period )NP )PP )NP )VP . )S  STOP
(S (ADVP So far )ADVP , (NP (NP the industry 's )NP fourth quarter )NP (VP is n't (VP looking (ADJP too strong )ADJP (ADVP either )ADVP , (S (VP prompting (S (NP many analysts )NP (VP to (VP slash (NP (NP earning projections )NP (PP for (NP (NP the rest )NP (PP of (NP the year )NP )PP )NP )PP )NP (PP by (NP (NP as much )NP (PP as (NP *UNK- )NP )PP )NP )PP )VP )VP )S )VP )S )VP )VP . )S  STOP
(S And (NP they )NP (VP say (SBAR (S (NP (NP the outlook )NP (PP for (NP 1990 )NP )PP )NP (VP is (ADJP nearly as bad )ADJP )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP (NP Airlines )NP (PP in (NP 1989 )NP )PP )NP `` (VP (VP came (ADVP in )ADVP (PP like (NP a *UNK )NP )PP )VP and (VP are (VP going (ADVP out )ADVP (PP like (NP a *UNK )NP )PP )VP )VP )VP )S , '' (VP said )VP (NP (NP *UNKC Murphy )NP , (NP (NP an airline analyst )NP (PP at (NP Morgan Stanley & Co )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP This turn )NP (PP of (NP events )NP )PP )NP (VP has (VP put (NP a big *UNK )NP (PP on (NP (NP an industry )NP (NP (WHNP that )WHNP (S (VP seemed (ADJP almost *UNK )ADJP (NP (NP last spring )NP , (SBAR (WHADVP when )WHADVP (S (S (NP fares )NP (VP were (VP rising (PP at (NP *UNK- rates )NP )PP )VP )VP )S and (S (NP many carriers )NP (VP seemed (S (VP to (VP be (VP growing (ADJP fat )ADJP (PP on (NP (NP *UNK- )NP (PP in (NP certain markets )NP )PP )NP )PP )VP )VP )VP )S )VP )S )S )SBAR )NP )VP )S )NP )NP )PP )VP )VP . )S  STOP
(S (ADVP Now )ADVP , (NP many airline companies )NP (VP might (VP become (ADJP (ADJP (NP a lot )NP less attractive )ADJP (PP as (NP (NP takeover targets )NP (PP on (NP Wall Street )NP )PP )NP )PP )ADJP )VP )VP . )S  STOP
(S (NP The downturn )NP (ADVP also )ADVP (VP raises (NP (NP questions )NP (PP about (NP (NP (NP the carriers ' )NP ambitious orders )NP (PP for (NP new *UNK )NP )PP , (SBAR (WHNP which )WHNP (S (ADVP currently )ADVP (VP total (NP (NP (QP $ *UNKN billion )QP )NP (PP over (NP the next three years )NP )PP )NP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (PP For (NP travelers )NP )PP , (ADVP though )ADVP , (NP (NP the industry 's )NP problems )NP (VP have (VP had (NP some positive effects )NP )VP )VP . )S  STOP
(S (PP In (NP recent weeks )NP )PP , (NP airlines )NP (VP have (VP cut (NP numerous fares )NP (PP in (NP *UNK markets )NP )PP (S (VP to (VP try (S (VP to (VP win (PRT back )PRT (NP customers )NP )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (NP Others )NP (VP have (VP tried (S (VP to (VP *UNK (PRT up )PRT (NP *UNK- programs )NP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP Previously )ADVP , (NP airlines )NP (VP were (VP limiting (NP the programs )NP (SBAR because (S (NP they )NP (VP were (VP becoming (ADJP too expensive )ADJP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Just last week )NP , (PP for (NP example )NP )PP , (NP (NP Trans World Airlines )NP and (NP (NP Pan Am Corp. 's )NP Pan American World Airways )NP )NP (VP went (ADVP (ADVP so far )ADVP (SBAR as (S (VP to (VP offer (NP (NP (NP cash *UNK )NP or (NP *UNK checks )NP )NP (PP of (NP (QP $ 200 to $ 1,000 )QP )NP )PP )NP (PP to (NP (NP certain *UNK- members )NP (VP making (NP *UNK- flights )NP (PP in (NP (NP business class )NP or (NP first class )NP )NP )PP )VP )NP )PP )VP )VP )S )SBAR )ADVP )VP . )S  STOP
(S (NP (NP The industry 's )NP slowdown )NP (VP became (ADJP apparent )ADJP (NP this month )NP (SBAR (WHADVP when )WHADVP (S (NP (NP AMR Corp. )NP , (NP (NP parent )NP (PP of (NP American Airlines )NP )PP )NP , )NP (VP (VP reported (NP (NP an (ADJP 8.8 % )ADJP drop )NP (PP in (NP third-quarter net income )NP )PP )NP )VP and (VP said (SBAR (S (NP its fourth quarter )NP (VP would (VP be `` (ADJP disappointing )ADJP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . '' )S  STOP
(S (PP (ADVP *UNKLY )ADVP before (NP that )NP )PP , (NP USAir )NP (VP had (VP said (SBAR (S (NP its third-quarter results )NP (VP would (VP be (ADJP `` (ADJP significantly lower )ADJP '' (PP than (ADVP (NP a year )NP earlier )ADVP )PP )ADJP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Yesterday )NP , (NP it )NP (VP provided (NP the details )NP )VP : )S  STOP
(S (NP (NP Its loss )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP )NP (VP *UNKED (PP with (NP (NP net )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP , (PP in (NP the 1988 third quarter )NP )PP )NP )PP )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP (QP only 3.3 )QP % )NP (PP in (NP the latest period )NP )PP , (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP (NP the (NAC *UNKC , Va. , )NAC company 's )NP net )NP (VP plunged (NP 73 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 76 cents )NP (NP a share )NP )NP )NP )PP , (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP 12 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP The results )NP (VP surprised (NP many analysts )NP , (SBAR because (S (NP USAir )NP (VP (VP has (NP almost no competition )NP (PP in (NP its Pittsburgh *UNK )NP )PP )VP and (VP has (VP expanded (NP operations )NP (PP by (S (VP completing (NP (NP its acquisition )NP (PP of (NP *UNKC Airlines )NP )PP )NP )VP )S )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP (ADVP *UNKLY )ADVP after (S (VP announcing (NP its quarterly loss )NP )VP )S )PP , (NP (NP USAir 's )NP stock )NP (VP tumbled (NP (NP $ 3 )NP (NP a share )NP )NP )VP . )S  STOP
(S (NP It )NP (VP ended (PP at (NP (NP $ *UNKN )NP , (ADVP down (NP $ *UNKN )NP )ADVP )NP )PP , (PP in (NP New York Stock Exchange composite trading )NP )PP )VP . )S  STOP
(SINV `` (S (NP Nobody )NP (VP was (VP expecting (NP (NP this size )NP (PP of (NP a loss )NP )PP )NP )VP )VP )S , '' (VP said )VP (NP (NP Paul *UNKC )NP , (NP (NP an analyst )NP (PP with (NP First Boston Corp )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP One airline executive )NP , (SBAR (WHNP who )WHNP (S (VP declined (S (VP to (VP be (VP identified )VP )VP )VP )S )VP )S )SBAR , )NP (VP called (S (NP the loss )NP `` (ADJP amazing )ADJP )S )VP . '' )S  STOP
(S (PP In (S (VP announcing (NP the results )NP )VP )S )PP , (NP USAir )NP (VP cited (NP (NP many )NP (PP of (NP (NP the same problems )NP (SBAR (WHNP that )WHNP (S (NP several other industry officials )NP (VP have (VP named (ADVP recently )ADVP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (S (NP It )NP (VP said (SBAR (S (NP (NP the industry 's )NP domestic traffic )NP (VP was (ADJP flat )ADJP (PP in (NP the third quarter )NP )PP )VP )S )SBAR )VP )S ; (S (NP analysts )NP (VP say (SBAR (S (NP this )NP (VP was (SBAR because (S (NP (NP hefty fare increases )NP (ADVP earlier (PP in (NP the year )NP )PP )ADVP )NP (VP scared (PRT off )PRT (NP many *UNK travelers )NP (NP this summer )NP )VP )S )SBAR )VP )S )SBAR )VP )S . )S  STOP
(S (S (S (VP To (VP try (S (VP to (VP combat (NP the traffic slowdown )NP )VP )VP )S )VP )VP )S , (NP airlines )NP (VP started (S (VP reducing (NP fares )NP )VP )S )VP )S ; (S (NP average fares )NP (VP rose (NP (QP only 1.7 )QP % )NP (PP in (NP August )NP )PP , (PP in (NP (NP contrast )NP (PP to (NP (NP increases )NP (PP of (NP (NP 16 % )NP (NP each )NP )NP )PP (PP in (NP February and March )NP )PP )NP )PP )NP )PP )VP )S . )S  STOP
(S But (ADVP so far )ADVP , (S (NP the effort )NP (VP has (VP failed )VP )VP )S , and (S (NP traffic )NP (VP is (ADVP still )ADVP (ADJP slow )ADJP )VP )S . )S  STOP
(S (NP Some other fare promotions )NP (VP have (VP *UNKED )VP )VP . )S  STOP
(S (NP This summer )NP , (NP the industry )NP (VP introduced (NP (NP a `` (S (NP kids )NP (VP fly (S (ADVP free )ADVP )S )VP )S '' program )NP , (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP children )NP (VP were (VP allowed (S (VP to (VP fly (S (ADVP free )ADVP )S )VP )VP )S (SBAR if (S (NP they )NP (VP were (VP *UNKING (PP with (NP an *UNK )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP Airlines )NP (VP tried (S (VP to (VP restrict (NP the program )NP (ADVP substantially )ADVP (PP by (S (VP limiting (NP the offer )NP (PP to (NP (NP certain days )NP (PP of (NP the week )NP )PP )NP )PP )VP )S )PP )VP )VP )S )VP )S , but (S (NP it )NP (ADVP still )ADVP (VP was (ADVP apparently )ADVP (VP used (ADVP (ADVP far more heavily )ADVP (SBAR than (S (NP the airlines )NP (VP expected )VP )S )SBAR )ADVP )VP )VP )S . )S  STOP
(S (NP Airlines )NP (ADVP also )ADVP (VP say (SBAR (S (NP their *UNK- programs )NP (VP are (VP *UNKING (NP profits )NP (SBAR because (S (NP *UNK )NP (VP are (VP being (VP *UNKED (PP at (NP a *UNK- rate )NP )PP )VP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP One airline official )NP (VP said (SBAR (S (NP (NP (QP about three times as many )QP *UNK- *UNK )NP )NP (VP are (VP being (VP turned (PRT in )PRT (PP as (PP in (NP previous years )NP )PP )PP -- (ADVP not surprisingly )ADVP , (SBAR as (S (NP the airlines )NP (NP last year )NP (VP allowed (S (NP many travelers )NP (VP to (VP build (PRT up )PRT (NP *UNK )NP (PP at (NP *UNK the normal rate )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKING operating expenses )NP (VP are (NP another problem )NP )VP . )S  STOP
(S (NP *UNKC costs )NP (VP were (ADVP up (NP 10 % )NP )ADVP (PP in (NP the third quarter )NP )PP )VP . )S  STOP
(S (NP (NP Labor costs )NP , (SBAR (WHNP which )WHNP (S (VP *UNKED (PRT off )PRT (PP in (NP the past few years )NP )PP (PP because of (NP (NP lower pay *UNK )NP (PP for (NP *UNK employees )NP )PP )NP )PP )VP )S )SBAR , )NP (VP are (PP on (NP the *UNKING )NP )PP (ADVP again )ADVP (PP at (NP many carriers )NP )PP )VP . )S  STOP
(S (S And (NP some carriers )NP (VP are (VP facing (NP other unexpected *UNK )NP )VP )VP )S : (S (NP USAir )NP , (PP for (NP example )NP )PP , (VP blamed (NP (NP some )NP (PP of (NP its loss )NP )PP )NP (PP (PP on (NP merger expenses )NP )PP and (PP on (NP (NP *UNK )NP (VP caused (PP by (NP Hurricane Hugo )NP )PP (NP last month )NP )VP )NP )PP )PP )VP )S . )S  STOP
(SINV `` (S (NP We )NP (VP can not (VP *UNK (NP (NP the total adverse effects )NP (PP of (NP Hugo )NP )PP )NP )VP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP chairman and president )NP (PP of (NP USAir Group )NP )PP )NP )NP . )SINV  STOP
(S (SBAR (WHNP Whatever )WHNP (S (NP (NP the cause )NP (PP for (NP the downturn )NP )PP )NP )S )SBAR , (NP few people )NP (VP are (VP predicting (NP any sudden improvement )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC Economics Inc. )NP , (NP an *UNK consulting firm )NP , )NP (VP is (VP *UNKING (NP (NP an industrywide operating profit )NP (PP of (NP (QP $ 2.5 billion )QP )NP )PP (PP for (NP 1989 )NP )PP , (PP compared (PP with (NP (NP earlier forecasts )NP (PP of (NP (QP $ 3 billion to $ 3.5 billion )QP )NP )PP )NP )PP )PP )NP )VP )VP . )S  STOP
(S (PP As (PP for (NP 1990 )NP )PP )PP , (NP the firm )NP (VP predicts (SBAR (S (NP that profit )NP (VP will (VP slip (PP to (NP (QP between $ 1 billion and $ 1.5 billion )QP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(INTJ Good *UNK ! )INTJ  STOP
(S (NP *UNKC Brown )NP (VP is (VP selling (PRT out )PRT )VP )VP . )S  STOP
(S (NP Those Metropolitan Life ads )NP (VP were (ADJP bad enough )ADJP )VP . )S  STOP
(S (ADVP But now )ADVP , (NP *UNKC Brown )NP (VP is (VP about (S (VP to (VP start (S (VP *UNKING (NP (NP everything )NP (PP (PP from (NP *UNKC Party *UNKC )NP )PP (PP to (NP light *UNK )NP )PP )PP )NP )VP )S )VP )VP )S )VP )VP . )S  STOP
(SBARQ (WHADVP Why )WHADVP (SQ is (NP he )NP (VP *UNKING (PRT in )PRT (ADVP now )ADVP )VP )SQ ? )SBARQ  STOP
(S (VP *UNKC (PP out (SBAR that (S (S (NP next year )NP , (NP (NP Charlie Brown )NP , (NP *UNKC )NP and (NP the *UNK )NP )NP (VP turn (NP 40 )NP )VP )S -- and (S (NP (NP (NP *UNKC Howard 's )NP United *UNKC unit )NP , (NP (NP the (NX (NX *UNK )NX and (NX *UNKING agent )NX )NX )NP (PP for (NP (NP Charles *UNKC 's )NP comic strip )NP )PP )NP , )NP (VP sees (NP a *UNK )NP (PP in (S (VP licensing (NP the *UNK characters )NP (PP to (NP (NP a *UNK )NP (PP of (NP advertisers )NP )PP )NP )PP (PP for (NP ads , *UNK- and promotions )NP )PP )VP )S )PP )VP )S )S )SBAR )PP )VP . )S  STOP
(SINV `` (S (NP *UNKC )NP (VP has (VP become (NP (NP a major part )NP (PP of (NP American culture )NP )PP )NP )VP )VP )S , '' (VP says )VP (NP (NP Peter *UNKC )NP , (NP (NP (NP United Media 's )NP vice president )NP (PP of (NP marketing and licensing )NP )PP )NP )NP . )SINV  STOP
(S (NP The comic strip )NP `` (VP has (NP (NP a *UNK , *UNKING quality )NP (PP about (NP it )NP )PP )NP )VP . )S  STOP
(S (NP Our plan )NP (VP is (S (VP to (VP honor (NP (NP Charles *UNKC )NP and (NP the strip )NP )NP (ADVP (NP all year )NP long )ADVP )VP )VP )S )VP . '' )S  STOP
(S (NP The effort )NP (VP will (VP make (S (NP the *UNKC *UNK )NP (NP (ADJP very familiar )ADJP *UNK )NP (PP in (NP 1990 )NP )PP )S )VP )VP . )S  STOP
(S (NP General Electric )NP (VP plans (S (VP to (VP use (NP the characters )NP (S (VP to (VP *UNK (NP its *UNKC light *UNK )NP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (VP will (VP run (NP (NP TV ads )NP )NP (PP at (NP (NP *UNKC 's )NP Day )NP )PP (VP promoting (NP its `` (NX (NP *UNKC 's )NP *UNKC *UNKC )NX )NP )VP )VP )VP . '' )S  STOP
(S (NP *UNKC *UNKC )NP (VP will (VP promote (NP (NP (NP its *UNKC Party *UNKC 's )NP three new *UNK *UNK )NP (VP named (PP for (NP (NP Charlie Brown )NP , (NP *UNKC )NP and (NP *UNKC )NP )NP )PP )VP )NP )VP )VP . )S  STOP
(S (NP The characters )NP (VP will (ADVP also )ADVP (VP be (VP featured (PP in (NP (NP a new public service effort )NP (PP for (NP the United Way )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (PP *UNKC (NP the *UNK )NP )PP , (NP the *UNK )NP (VP is (VP planning (NP (NP a *UNKING *UNK show )NP , (NP (NP new TV *UNK )NP (PP for (NP CBS )NP )PP )NP and (NP (NP even an *UNK )NP (PP at (NP the *UNKC Institute )NP )PP )NP )NP )VP )VP . )S  STOP
(S (NP (NP The *UNK schedule )NP (PP of (NP *UNK )NP )PP )NP (VP will (VP be (VP *UNKED (PRT off )PRT (ADVP officially )ADVP (PP with (NP a combination (UCP live and *UNK )UCP *UNK- special )NP )PP (PP at (NP the *UNKC *UNKC )NP )PP (PP in (NP January )NP )PP )VP )VP )VP . )S  STOP
(S (NP All the *UNK- )NP , (ADVP though )ADVP , (VP have (S (NP some marketing experts )NP (VP questioning (SBAR whether (S (NP the party )NP (VP may (VP go (ADVP too far )ADVP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(SINV `` (S (NP There )NP (VP are (NP (NP (ADJP too many )ADJP people )NP (VP participating )VP )NP )VP )S , '' (VP says )VP (NP (NP Al *UNKC )NP , (PP of (NP (NP *UNKC & *UNKC )NP , (NP a (NP (NP Greenwich )NP , (NP Conn. )NP , )NP marketing consulting firm )NP )NP )PP )NP . )SINV  STOP
(S `` (SBAR If (S (NP you )NP (VP want (S (VP to (VP cut (PP through (NP the clutter )NP )PP )VP )VP )S )VP )S )SBAR , (NP you )NP (VP have (S (VP to (VP make (S (NP your message )NP (ADJP (ADJP as *UNK , sharp and individual )ADJP (PP as (ADJP possible )ADJP )PP )ADJP )S )VP )VP )S )VP . )S  STOP
(S (S (VP *UNKING (NP a character )NP (PP with (NP other advertisers )NP )PP )VP )S (VP is n't (NP (NP a way )NP (SBAR (S (VP to (VP do (NP that )NP )VP )VP )S )SBAR )NP )VP . '' )S  STOP
(S But (NP United Media )NP (VP says (SBAR (S (NP it )NP (VP 's (ADJP very *UNK )ADJP (PP with (NP (NP the contracts )NP (SBAR (S (NP it )NP (VP hands (PRT out )PRT )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP We )NP (VP 're not (ADJP interested (PP in (S (VP promoting (NP (NP every single product )NP (SBAR (WHNP that )WHNP (S (VP comes (ADVP along )ADVP )VP )S )SBAR )NP )VP )S )PP )ADJP )VP )S , '' (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S (NP Metropolitan Life ad executives )NP (VP could n't (VP be (VP reached (PP about (NP (NP the use )NP (PP of (NP the *UNKC characters )NP )PP (PP by (NP others )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S But (NP Mr. *UNKC )NP (VP says (SBAR (S (NP (NP that company 's )NP exclusive advertising rights )NP (VP extend (ADVP only )ADVP (PP to (NP the insurance and financial services category )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP *UNKC (NP WPP Group )NP )VP )S  STOP
(S (NP (NP Norman *UNKC )NP , (NP (NP the creative executive )NP (SBAR (WHNP who )WHNP (S (VP was (ADVP apparently )ADVP (VP squeezed (PRT out )PRT (PP of (NP Ogilvy & Mather )NP )PP (PP in (NP June )NP )PP )VP )VP )S )SBAR )NP , )NP (VP is (VP returning (PP to (NP (NP (NP Ogilvy 's )NP parent company )NP , (NP WPP Group PLC )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (NP 58 )NP , )NP (VP had (VP resigned (PP after (S (VP being (VP asked (PP by (NP (NP (NP Ogilvy 's )NP (NX (NX chairman )NX and (NX chief executive officer )NX )NX )NP , (NP Kenneth Roman )NP , )NP )PP (S (VP (VP to (VP give (PRT up )PRT (NP (NP his title )NP (PP as (NP (NP creative head )NP (PP of (NP the New York office )NP )PP )NP )PP )NP )VP )VP and (VP to (VP take (NP a *UNK international role )NP )VP )VP )VP )S )VP )VP )S )PP )VP )VP . )S  STOP
(S (NP Yesterday )NP , (SBAR (NP (QP just a )QP day )NP after (S (NP Mr. Roman )NP (VP announced (SBAR (S (NP he )NP (VP would (VP leave (S (VP to (VP take (NP (NP a top post )NP (PP at (NP American Express )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR , (NP WPP )NP (VP said (SBAR (S (NP Mr. Berry )NP (VP would (VP return (S (VP to (VP take (NP (NP an international role )NP (PP at (NP the parent company )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Berry )NP (VP said (SBAR (SBAR (S (NP the timing )NP (VP was (NP a *UNK )NP )VP )S )SBAR and (SBAR that (S (NP his decision )NP (VP was (ADJP unrelated (PP to (NP (NP Mr. Roman 's )NP departure )NP )PP )ADJP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP RJR )NP (VP *UNKC (NP *UNKC )NP )VP )S  STOP
(S (NP RJR Nabisco Inc. )NP (VP awarded (NP its national broadcast *UNKING *UNK )NP (PP to (NP (NP *UNKC Katz Partners )NP , (NP (NP the New York *UNK )NP (PP of (NP Chicago-based *UNKC , *UNKC & *UNKING )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP (NP The *UNKING )NP (PP of (NP *UNKC Katz Partners )NP )PP (PP as (NP (NP agency )NP (PP of (NP record )NP )PP (PP for (NP (NP Nabisco Brands Inc. )NP and (NP *UNKC *UNKC Co. )NP )NP )PP )NP )PP )NP (VP follows (NP (NP (NP RJR Nabisco 's )NP announcement )NP (NP last week )NP (SBAR that (S (NP it )NP (VP will (VP (VP *UNK (NP its RJR Nabisco *UNKC division )NP )VP and (VP *UNK (NP its 14 employees )NP )VP (NP Dec. *UNK )NP (S (VP to (VP cut (NP costs )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP (ADJP New York-based )ADJP (NP RJR Nabisco )NP )NP (VP would n't (VP say (SBAR (WHNP what )WHNP (S (NP it )NP (VP spends (ADVP annually )ADVP )VP )S )SBAR )VP )VP )S , but (S (NP industry executives )NP (VP say (SBAR (S (NP it )NP (VP will (VP spend (NP (NP (QP more than $ 140 million )QP )NP )NP (NP this year )NP , (ADVP down (PP from (NP (NP (QP about $ 200 million )QP )NP (NP last year )NP )NP )PP )ADVP )VP )VP )S )SBAR )VP )S . )S  STOP
(NP Ad Notes ... . )NP  STOP
(NP *UNKC : )NP  STOP
(S (NP (NP Interpublic Group )NP (PP of (NP Cos. )NP )PP )NP (VP said (SBAR (S (NP third-quarter net )NP (VP rose (NP 15 % )NP (PP to (NP (NP (QP $ 6.9 million )QP )NP , or (NP (NP 21 cents )NP (NP a share )NP )NP )NP )PP , (PP from (NP (NP (QP $ 6 million )QP )NP , or (NP (NP 18 cents )NP (NP a share )NP )NP )NP )PP , (PP in (NP the year-earlier period )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Revenue )NP (VP increased (NP (QP more than 5 )QP % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(NP *UNKC *UNKC : )NP  STOP
(S (NP PepsiCo Inc. )NP (VP will (VP give (PRT away )PRT (NP (NP 4,000 sets )NP (PP of (NP `` (NP *UNKC *UNKC )NP , '' (NP (NP *UNKC 's )NP new *UNK- video game )NP )NP )PP )NP (PP in (NP (NP a *UNK- promotion )NP (VP scheduled (S (VP to (VP begin (NP Nov. 1 )NP )VP )VP )S )VP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP will (VP spend (NP (QP $ 10 million )QP )NP (S (VP advertising (NP the promotion )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP International Business Machines Corp. )NP (VP agreed (S (VP to (VP acquire (NP (NP a (ADJP 15 % )ADJP stake )NP (PP in (NP (NP *UNKC Corp. )NP , (NP an Australian *UNK- and *UNK- concern )NP , )NP )PP )NP (PP for (NP (NP (QP 20 million )QP Australian dollars )NP (PRN -LRB- (NP (QP US$ 17 million )QP )NP -RRB- )PRN )NP )PP )VP )VP )S )VP . )S  STOP
(S (S (NP The investment )NP (VP will (VP be (VP made (PP through (NP (NP IBM Australia Ltd. )NP , (NP (NP a unit )NP (PP of (NP IBM )NP )PP )NP )NP )PP )VP )VP )VP )S , (NP the two companies )NP (VP said (NP yesterday )NP )VP . )S  STOP
(S (NP IBM )NP (VP (VP can (VP raise (NP (NP its stake )NP (PP in (NP *UNKC )NP )PP )NP (PP to (NP 20 % )NP )PP (PP over (NP three years )NP )PP )VP )VP , but (VP agreed (S (VP to not (VP go (PP beyond (NP 20 % )NP )PP (PP in (NP that time )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP said (PP in (NP a statement )NP )PP (SBAR (S (NP it )NP (VP (VP has (NP (NP several `` (ADJP well developed )ADJP product and services relationships '' )NP (PP with (NP the U.S. computer company )NP )PP )NP )VP , and (VP plans (S (VP to (VP expand (NP these links )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP (VP *UNK (NP (QP about half )QP its revenue )NP (ADVP overseas )ADVP )VP and (VP plans (NP further expansion )NP )VP )VP . )S  STOP
(S (NP (NP (NP A majority stake )NP (PP in (NP *UNKC )NP )PP )NP (VP (ADVP currently )ADVP held (PP by (NP *UNKC Corp. )NP )PP )VP )NP (VP will (VP be (VP diluted (PP to (NP (QP slightly less than 50 )QP % )NP )PP (PP after (S (NP IBM )NP (VP *UNK (NP its interest )NP )VP )S )PP )VP )VP )VP . )S  STOP
(S (NP The agreement )NP (VP requires (NP (NP approval )NP (PP (PP from (NP (NP Australia 's )NP (NX (NX Foreign Investment Review Board )NX and (NX National Companies and Securities Commission )NX )NX )NP )PP , and (PP from (NP (NP shareholders )NP (PP of (NP *UNKC )NP )PP )NP )PP )PP )NP )VP . )S  STOP
(S (NP (NP Bond Corp . Holdings Ltd. 's )NP consolidated debt )NP (VP *UNK (NP (NP (QP 6.9 billion )QP Australian dollars )NP (PRN -LRB- (NP (QP US$ *UNKN billion )QP )NP -RRB- )PRN , (PP including (NP (NP (QP A$ 1.6 billion )QP )NP (PP of (NP (NP bonds )NP (ADJP convertible (PP into (NP shares )NP )PP )ADJP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Alan Bond )NP , (NP (NP (NP chairman )NP and (NP controlling shareholder )NP )NP (PP of (NP the *UNKED Australian media , brewing , resources and property concern )NP )PP )NP , )NP (VP disclosed (NP the debt figures )NP (NP yesterday )NP )VP . )S  STOP
(S (NP The disclosure )NP (VP follows (NP (NP last Friday 's )NP news (SBAR that (S (NP Bond Corp. )NP (VP incurred (NP (NP an overall loss )NP (PP of (NP (NP (QP A$ *UNKN million )QP )NP (PP for (NP (NP the fiscal year )NP (VP ended (NP June 30 )NP )VP )NP )PP , (NP (NP the largest loss )NP (PP in (NP Australian corporate history )NP )PP )NP )NP )PP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP The debt load )NP (VP would (VP have (VP been (ADJP higher )ADJP (PP but (PP for (NP (NP a reduction )NP (PP of (NP (QP A$ 5 billion )QP )NP )PP (PP over (NP the past year )NP )PP (PP from (NP asset sales )NP )PP )NP )PP )PP )VP )VP )VP )S , (NP Mr. Bond )NP (VP said (PP at (NP a business gathering )NP )PP )VP . )S  STOP
(S (NP Mr. Bond )NP (VP indicated (SBAR (S (NP (NP the consolidated debt figures )NP , (SBAR (WHNP which )WHNP (S (VP include (NP (NP debt )NP (PP of (NP (NP units )NP (PP such as (NP Bell Group Ltd. )NP )PP )NP )PP )NP )VP )S )SBAR )NP , (VP will (VP be (VP published (ADVP soon )ADVP (PP in (NP (NP Bond Corp. 's )NP 1989 annual accounts )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP (VP predicted (SBAR (S (NP the debt )NP (VP will (VP be (VP reduced (PP by (NP another (QP A$ 3.8 billion )QP )NP )PP (NP (NP this fiscal year )NP (VP ending (NP June 30 , 1990 )NP )VP )NP )VP )VP )VP )S )SBAR )VP , but (VP did n't (VP explain (SBAR (WHADVP how )WHADVP (S (NP this )NP (VP will (VP be (VP achieved )VP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP Mr. Bond )NP (VP blamed (NP (NP rising Australian interest rates )NP and (NP (NP the acquisition )NP (PP of (NP (NP Bell Group )NP `` (PP with (NP (NP its very high levels )NP (PP of (NP *UNK debt )NP )PP )NP )PP '' )NP )PP )NP )NP (PP for (S (VP producing (NP (NP a condition )NP `` (SBAR (WHNP that )WHNP (S (VP was (ADVP no longer )ADVP (ADJP *UNK )ADJP )VP )S )SBAR )NP )VP )S )PP )VP . )S  STOP
(S `` (SBAR In order (S (VP to (VP (VP restore (NP confidence )NP )VP and (VP ensure (NP (NP the support )NP (PP of (NP our principal lenders )NP )PP )NP )VP )VP )VP )S )SBAR (PRN , '' (S (NP Mr. Bond )NP (VP said )VP )S , )PRN `` (NP we )NP (VP *UNKED (PP on (NP (NP *UNK changes )NP (PP in (NP (NP the structure and direction )NP (PP of (NP the group )NP )PP )NP )PP )NP )PP )VP . '' )S  STOP
(S (NP That *UNK )NP (VP resulted (PP in (NP (NP continuing asset sales )NP , as well as (NP (NP *UNK- )NP (VP exceeding (NP (QP A$ 1.1 billion )QP )NP (NP last fiscal year )NP )VP )NP )NP )PP )VP . )S  STOP
(S `` (S (PP In (NP *UNK )NP )PP (NP we )NP (VP have (VP made (NP a decision (S (VP to (VP clear (NP the *UNK )NP )VP )VP )S )NP )VP )VP )S , '' (NP Mr. Bond )NP (VP told (NP the meeting )NP )VP . )S  STOP
(S (S (SBAR While (S (NP some assets )NP (VP have (VP been (VP written (PRT down )PRT )VP )VP )VP )S )SBAR , (NP others )NP (VP are (VP *UNKED (PP in (NP the accounts )NP )PP )VP )VP )S , (NP Mr. Bond )NP (VP maintained )VP . )S  STOP
(S (SINV (PP Among (NP these )NP )PP (VP are )VP (NP (NP (NP the company 's )NP Australian brewing assets )NP , (PP in (NP the books )NP (PP at (NP (QP A$ *UNKN million )QP )NP )PP )PP but actually (ADJP worth (NP (QP A$ 2.5 billion )QP )NP )ADJP )NP )SINV , (NP he )NP (VP said )VP . )S  STOP
(S (S (S (NP (NP An investment )NP (PP in (NP (NP *UNKC 's )NP telephone company )NP )PP )NP (VP is (UCP (VP carried (PP at (NP (QP US$ 300 million )QP )NP )PP )VP but (ADVP really )ADVP (ADJP worth (NP (QP US$ 500 million )QP )NP )ADJP )UCP )VP )S , and (S (NP (NP the company 's )NP property portfolio )NP (VP is (VP *UNKED (PP by (NP (QP at least A$ 250 million )QP )NP )PP )VP )VP )S )S , (NP Mr. Bond )NP (VP said )VP . )S  STOP
(S (NP Mr. Bond )NP (VP forecast (SBAR that (S (PP by (NP next June )NP )PP , `` (SBAR (WHNP what )WHNP (S (VP will (VP emerge )VP )VP )S )SBAR (VP will (VP be (NP (NP a company )NP (PP with (NP (NP (NP a *UNKED sense )NP (PP of (NP purpose )NP )PP )NP ... (NP a stable balance sheet )NP )NP )PP , (PP with (NP (NP *UNK- assets )NP (PP in (NP brewing , telecommunications , media and property )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP did n't (VP name (NP energy resources )NP (PP in (NP that list )NP )PP , (S (VP *UNKING (SBAR that (S (NP all the company 's coal and oil interests )NP (VP might (VP be (PP for (NP sale )NP )PP (PP (PP in (NP total )NP )PP or (PP in (NP part )NP )PP )PP )VP )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(S (NP (NP Some )NP (PP of (NP the oil interests )NP )PP )NP (ADVP already )ADVP (VP have (VP been (VP sold )VP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP (NP North America Inc. )NP , (NP (NP *UNKC *UNKC *UNKC )NP , (NP Mich. )NP )NP , )NP )PP )NP (VP estimated (SBAR (S (NP it )NP (VP will (VP sell (NP (NP (ADJP about as many )ADJP cars )NP )NP (PP in (NP 1990 )NP )PP (PP as (NP (NP the *UNKN )NP (SBAR (S (NP it )NP (VP expects (S (VP to (VP deliver (NP this year )NP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC officials )NP (VP said (SBAR (S (NP they )NP (VP expect (NP flat sales )NP (NP next year )NP (SBAR even though (S (NP they )NP (VP see (S (NP the U.S. luxury-car market )NP (VP expanding (ADVP slightly )ADVP )VP )S )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP president )NP (PP of (NP (NP the U.S. sales arm )NP (PP of (NP (ADJP West German )ADJP auto maker *UNKC *UNKC AG )NP )PP )NP )PP )NP , )NP (VP predicted (SBAR (S (NP luxury-car sales )NP (VP will (VP rise (PP to (NP *UNKN )NP )PP (PP in (NP 1990 )NP )PP (PP from (NP *UNKN )NP (NP this year )NP )PP (PP (ADVP primarily )ADVP because of (NP the new Japanese makes )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Most )NP (PP of (NP the growth )NP )PP )NP (PRN , (S (NP he )NP (VP said )VP )S , )PRN (VP will (VP come (PP in (NP (NP the (ADJP $ *UNKN )ADJP price range )NP , (SBAR (WHADVP where )WHADVP (S (NP *UNKC )NP (VP has (NP a (ADJP 35 % )ADJP U.S. market share )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP sold (NP *UNKN cars )NP (PP in (NP 1988 )NP )PP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (ADVP also )ADVP (VP said (SBAR that (S (S (NP *UNKC )NP (VP plans (S (VP to (VP bring (PRT out )PRT (NP new models )NP (NP every year )NP (PP through (NP the *UNK- )NP )PP )VP )VP )S )VP )S and (S (NP it )NP (VP will (VP *UNK (NP its product development cycle )NP (PP to (NP eight years )NP )PP (PP from (NP (QP 10 or 12 )QP years )NP )PP (S (VP to (VP compete (ADVP more effectively )ADVP (PP with (NP (NP (NP Toyota Motor Corp. 's )NP Lexus )NP , (NP (NP Nissan Motor Co. 's )NP Infiniti )NP and (NP (NP Honda Motor Co. 's )NP *UNKC luxury-car divisions )NP )NP )PP )VP )VP )S )VP )VP )S )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC *UNKING Co. )NP , (NP San Francisco )NP , )NP (VP blamed (NP (NP the continued slump )NP (PP in (NP gold prices )NP )PP )NP (PP for (NP (NP an (ADJP 83 % )ADJP plunge )NP (PP in (NP third-quarter net income )NP )PP (PP (PP to (NP (NP (QP $ 2 million )QP )NP , or (NP (NP two cents )NP (NP a share )NP )NP )NP )PP , (PP from (NP (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 12 cents )NP (NP a share )NP )NP )NP , (ADVP (NP a year )NP earlier )ADVP )NP )PP )PP )NP )PP )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP 5 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP , (NP *UNKC )NP (VP closed (PP at (NP (NP $ *UNKN )NP , (ADVP down (NP 25 cents )NP )ADVP )NP )PP )VP . )S  STOP
(S `` (S (NP (NP A significant increase )NP (PP in (NP gold sales )NP )PP (PP to (NP *UNKN ounces )NP )PP (PP for (NP the quarter )NP )PP (PP from (NP (NP *UNKN )NP (PP in (NP (NP the third quarter )NP (PP of (NP 1988 )NP )PP )NP )PP )NP )PP )NP (VP was (VP (ADVP more than )ADVP offset (PP by (NP (NP the continued decline )NP (PP in (NP average gold price *UNK )NP )PP (PP (PP to (NP (NP $ *UNKN )NP )NP )PP (PP from (NP (NP $ *UNKN )NP )NP )PP (PP per (NP ounce )NP )PP )PP )NP )PP )VP )VP )S , '' (NP the company )NP (VP said )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP the mining company )NP (VP posted (NP (NP a (ADJP 40 % )ADJP drop )NP (PP in (NP profit )NP )PP (PP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 31 cents )NP (NP a share )NP )NP )NP )PP , (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 52 cents )NP (NP a share )NP )NP )NP )PP )PP )NP , (PP on (NP (NP a (ADJP 6 % )ADJP rise )NP (PP in (NP revenue )NP )PP (PP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )PP )NP )PP )VP . )S  STOP
(S (NP The Treasury )NP (VP plans (S (VP to (VP raise (NP (NP (QP $ 1.8 billion )QP )NP (PP in (NP new cash )NP )PP )NP (PP with (NP (NP the sale )NP (NP Monday )NP (PP of (NP (NP (QP about $ 15.6 billion )QP )NP (PP in (NP short-term bills )NP )PP )NP )PP (SBAR (S (VP to (VP redeem (NP (NP (QP $ *UNKN billion )QP )NP (PP in (NP maturing bills )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The offering )NP (VP will (VP be (VP divided (ADVP *UNKLY )ADVP (PP between (NP (NP (ADJP *UNK- and *UNK- )ADJP bills )NP (VP maturing (NP (NP Feb. 1 , 1990 )NP , and (NP May 3 , 1990 )NP , (ADVP respectively )ADVP )NP )VP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP for (NP the bills )NP )PP , (ADJP available (PP in (NP minimum (ADJP $ 10,000 )ADJP denominations )NP )PP )ADJP , )NP (VP must (VP be (VP received (PP by (NP 1 p.m. EST Monday )NP )PP (PP (PP at (NP the Treasury )NP )PP or (PP at (NP Federal Reserve banks or branches )NP )PP )PP )VP )VP )VP . )S  STOP
(S (NP The Treasury )NP (VP said (SBAR (S (NP it )NP (VP will (VP alter (NP the *UNK )NP (SBAR unless (S (NP it )NP (VP has (NP (NP assurance )NP (PP of (NP (NP enactment )NP (PP of (NP (NP legislation )NP (SBAR (S (VP to (VP raise (NP the *UNK debt limit )NP (PP before (NP (NP the scheduled *UNK )NP (NP Monday )NP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Enterprises Inc. )NP (VP said (SBAR (S (NP (NP profit )NP (PP for (NP (NP the third quarter )NP (VP ending (NP Dec. 2 )NP )VP )NP )PP )NP (VP will (VP fall (PP below (NP the year-earlier results )NP )PP (PP because of (NP (NP an after-tax charge )NP (PP of (NP (QP $ 1.9 million )QP )NP )PP (VP related (PP to (NP (NP a project )NP (SBAR (WHNP that )WHNP (S (VP was (VP guaranteed (PP by (NP the company )NP )PP )VP )VP )S )SBAR )NP )PP )VP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP (NP A year )NP ago )ADVP , (NP the Minneapolis glass products and aluminum window maker )NP (VP earned (NP (NP (QP $ 4 million )QP )NP , or (NP (NP 30 cents )NP (NP a share )NP )NP , )NP (PP on (NP (NP revenue )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP the charge )NP (VP stems (PP from (NP (NP a building supply contract )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP the company )NP (VP guaranteed (NP (NP a contractor 's )NP performance )NP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP a *UNK )NP (VP (VP had (NP severe cost *UNK )NP )VP and (VP was (ADJP unable (S (VP to (VP fulfill (NP the contract terms )NP (PP on (NP its own )NP )PP )VP )VP )S )ADJP , (S (VP making (S (NP (NP it )NP )NP (ADJP necessary )ADJP (SBAR for (S (NP *UNKC )NP (VP to (VP advance (NP cash )NP (S (VP to (VP ensure (NP (NP completion )NP (PP of (NP the project )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )S )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (S (NP its core businesses )NP (VP have (VP performed (ADVP well )ADVP )VP )VP )S and (S (NP it )NP (VP expects (S (NP them )NP (VP to (VP continue (S (VP to (VP do (ADVP so )ADVP )VP )VP )S (PP in (NP (NP the remainder )NP (PP of (NP the fiscal year )NP )PP )NP )PP )VP )VP )S )VP )S )S )SBAR )VP . )S  STOP
(S (S (NP (NP (NP Japan 's )NP production )NP (PP of (NP cars , trucks and *UNK )NP )PP (PP in (NP September )NP )PP )NP (VP fell (NP 4.1 % )NP (PP from (ADVP (NP a year )NP ago )ADVP )PP (PP to (NP *UNKN units )NP )PP (PP because of (NP (NP a slip )NP (PP in (NP exports )NP )PP )NP )PP )VP )S , (NP (NP the Japan *UNKC Manufacturers ' )NP Association )NP (VP said )VP . )S  STOP
(S (S (NP *UNKC demand )NP (VP continues (S (VP to (VP grow )VP )VP )S )VP )S , but (S (NP (NP its contribution )NP (PP to (NP higher production )NP )PP )NP (VP was (VP *UNKED (PP in (NP September )NP )PP (PP by (NP (NP (NP the estimated (ADJP 2 % )ADJP fall )NP (PP in (NP imports )NP )PP )NP , (VP accompanied (PP by (NP a growing tendency (SBAR for (S (NP Japanese manufacturers )NP (VP to (VP build (NP vehicles )NP (ADVP overseas )ADVP )VP )VP )S )SBAR )NP )PP )VP )NP )PP )VP )VP )S , (PP according (PP to (NP the association )NP )PP )PP . )S  STOP
(S (NP The association )NP (VP said (SBAR (S (NP domestic demand )NP (VP grew (NP 8.8 % )NP (PP in (NP September )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Demand )NP (VP has (VP been (VP growing (ADVP consistently )ADVP (PP under (NP (NP the *UNK )NP (PP of (NP *UNK- government policies )NP )PP )NP )PP )VP )VP )VP )S , (NP an association spokesman )NP (VP said )VP . )S  STOP
(S (NP He )NP (ADVP also )ADVP (VP said (SBAR (S (NP (NP the introduction )NP (PP of (NP a (ADJP 3 % )ADJP consumption tax )NP )PP (PP in (NP April )NP )PP )NP (VP has (VP helped (NP sales )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The new tax )NP , (FRAG though (NP (NP a source )NP (PP of (NP (NP general *UNK )NP (PP among (NP Japanese taxpayers )NP )PP )NP )PP )NP )FRAG )NP , (VP replaced (NP (NP a higher commodities tax )NP (SBAR (WHNP that )WHNP (S (VP applied (PP to (NP *UNK )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP Japanese domestic *UNK- sales )NP (VP rose (NP 12 % )NP (PP in (NP September )NP )PP )VP )S , (NP (NP the Japan *UNKC Dealers ' )NP Association )NP (VP said (ADVP earlier (NP this month )NP )ADVP )VP . )S  STOP
(S (NP (NP The manufacturers ' )NP association )NP (VP will (VP issue (NP (NP statistics )NP (PP on (NP vehicle exports )NP )PP )NP (ADVP later (NP this month )NP )ADVP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP cars )NP )PP )NP (VP rose (PP to (NP *UNKN units )NP (PP in (NP September )NP )PP )PP , (NP (NP a (ADJP 5.5 % )ADJP increase )NP (PP from (ADVP (NP a year )NP earlier )ADVP )PP )NP )VP . )S  STOP
(S (NP *UNKED cars )NP (VP accounted (PP for (NP (NP the greatest growth )NP (PP in (NP units )NP )PP )NP )PP , (S (VP rising (NP *UNKN units )NP (PP to (NP (NP *UNKN units )NP , or (NP 88 % )NP )NP )PP )VP )S )VP . )S  STOP
(S (NP *UNKC output )NP (VP (ADVP more than )ADVP tripled )VP . )S  STOP
(S (NP Manufacturers )NP (VP produced (NP (NP (NP *UNKN )NP (PP of (NP (NP the vehicles )NP -- (SBAR (WHNP which )WHNP (S (VP have (NP (NP engines )NP (PP of (NP (NP 500 cubic *UNK )NP or (NP less )NP )NP )PP )NP )VP )S )SBAR -- )NP )PP )NP (NP (NP an increase )NP (PP of (NP *UNKN units )NP )PP )NP )NP )VP . )S  STOP
(S (NP Total truck production )NP (VP fell (NP 22 % )NP (PP from (ADVP (NP a year )NP earlier )ADVP )PP (PP to (NP *UNKN units )NP )PP )VP . )S  STOP
(S (NP *UNKC production )NP (VP fell (NP 13 % )NP (PP to (NP *UNKN units )NP )PP )VP . )S  STOP
(S (NP *UNKC production )NP (ADVP also )ADVP (VP slipped , (PP by (NP 49 % )NP )PP (PP from (ADVP (NP a year )NP earlier )ADVP )PP (PP to (NP *UNKN units )NP )PP )VP . )S  STOP
(S (NP The association spokesman )NP (VP (VP said (SBAR (S (NP bus production )NP (VP has (VP declined (PP since (NP January )NP )PP )VP )VP )S )SBAR )VP , but (VP could n't (VP offer (NP an explanation )NP (PP for (NP the fall )NP )PP )VP )VP )VP . )S  STOP
(S (S (NP (NP Auto production )NP (PP for (NP (NP the first half )NP (PP of (NP (NP the fiscal year )NP , (SBAR (WHNP which )WHNP (S (VP began (PP in (NP August )NP )PP )VP )S )SBAR , )NP )PP )NP )PP )NP (VP totaled (NP *UNKN units )NP )VP )S , (NP the association )NP (VP said )VP . )S  STOP
(S (NP *UNKC production )NP (VP was (ADVP up (NP 3.4 % )NP )ADVP (PP compared (PP with (NP (NP the same period )NP (ADVP (NP a year )NP earlier )ADVP )NP )PP )PP )VP . )S  STOP
(S (NP (NP Stock )NP (PP of (NP (NP United Airlines parent )NP (NP UAL Corp. )NP )NP )PP )NP (VP *UNKED (ADVP wildly )ADVP (NP yesterday )NP (PP amid (NP speculation (SBAR that (S (NP one or more investors )NP (VP may (VP challenge (NP (NP the UAL board 's )NP decision (S (VP to (VP remain (ADJP independent )ADJP (PP instead of (S (VP pursuing (NP (NP a buy-out )NP or (NP other transaction )NP )NP )VP )S )PP )VP )VP )S )NP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP (NP The board 's )NP decision )NP , (VP announced (SBAR after (S (NP the market )NP (VP closed (NP Monday )NP )VP )S )SBAR )VP , )NP (ADVP initially )ADVP (VP prompted (NP (NP a severe sell-off )NP (PP in (NP (NP UAL shares )NP , (SBAR (WHNP which )WHNP (S (PP at (NP *UNK )NP )PP (VP traded (ADVP as low (PP as (NP (NP $ 145 )NP (NP a share )NP )NP )PP )ADVP , (ADVP down (NP (NP $ 33 )NP (NP a share )NP )NP )ADVP , (PP in (NP (NP composite trading )NP (PP on (NP the New York Stock Exchange )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP (NP The *UNKING *UNK )NP (PP for (NP (NP *UNK- traders )NP , (SBAR (WHNP who )WHNP (S (ADVP by then )ADVP (VP had (VP seen (S (NP UAL stock )NP (VP tumble (NP 49 % )NP (PP since (NP Oct. 12 )NP )PP )VP )S )VP )VP )S )SBAR , )NP )PP )NP (ADVP also )ADVP (VP triggered (NP (NP a *UNK sell-off )NP (SBAR (WHNP that )WHNP (S (VP sent (S (NP the Dow Jones Industrial Average )NP (ADVP down (NP (QP more than 80 )QP points )NP )ADVP )S (PP at (NP *UNKN a.m )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S But (ADVP then )ADVP (NP (NP (ADJP steady , concentrated )ADJP buying )NP (PP by (NP (NP Bear , Stearns & Co. )NP , (SBAR (WHNP which )WHNP (S (ADVP frequently )ADVP (VP buys (NP stock )NP (PP for (NP corporate *UNK )NP )PP )VP )S )SBAR , )NP )PP )NP (VP (VP (VP took (NP hold )NP )VP and (VP *UNKED (NP (NP the fall )NP (PP in (NP UAL )NP )PP )NP )VP )VP , (SBAR (WHNP which )WHNP (S (ADVP eventually )ADVP (VP buoyed (NP the entire market )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The industrial average )NP (VP closed (ADVP down (NP (QP only *UNKN )QP points )NP )ADVP (PP at (NP *UNKN )NP )PP )VP . )S  STOP
(S (ADVP Late (PP in (NP the afternoon )NP )PP )ADVP , (NP (NP several big purchases )NP (PP by (NP Bear , Stearns )NP )PP , (NP (NP particularly a block )NP (PP of (NP 200,000 shares )NP )PP (PP at (NP *UNKN p.m. )NP )PP (PP at (NP (NP $ 150 )NP (NP a share )NP )NP )PP )NP , )NP (VP triggered (NP (NP a buying spree )NP (SBAR (WHNP that )WHNP (S (VP took (S (NP UAL )NP (ADVP up (NP (QP more than 18 )QP points )NP )ADVP )S (PP in (NP (NP the final hour )NP (PP of (NP trading )NP )PP )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP UAL stock )NP (VP closed (PP at (NP (NP $ 170 )NP (NP a share )NP )NP )PP , (ADVP down (NP $ 8.375 )NP )ADVP )VP . )S  STOP
(S (NP Volume )NP (VP was (NP (NP a *UNK (QP 4.9 million )QP shares )NP , or (NP (NP 22 % )NP (PP of (NP (NP the (QP *UNKN million )QP UAL shares )NP (ADJP outstanding )ADJP )NP )PP )NP )NP )VP . )S  STOP
(S (NP Traders )NP (VP estimated (SBAR that (S (NP Bear , Stearns )NP (VP bought (NP (QP more than 1 million )QP shares )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The two (ADJP (ADVP most frequently )ADVP rumored )ADJP buyers )NP , (SBAR (WHNP neither (WHPP of (WHNP whom )WHNP )WHPP )WHNP (S (VP would (VP comment )VP )VP )S )SBAR , )NP (VP were (NP (NP (NP Coniston Partners )NP , (SBAR (WHNP which )WHNP (S (VP *UNKED (NP the UAL board )NP (PP in (NP 1987 )NP )PP )VP )S )SBAR , )NP and (NP (NP (NP New York real estate developer )NP (NP Donald Trump )NP )NP , (SBAR (WHNP who )WHNP (S (ADVP recently )ADVP (VP made and withdrew (NP (NP an offer )NP (PP for (NP (NP American Airlines parent )NP (NP AMR Corp )NP )NP )PP )NP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (ADVP However )ADVP , (NP (NP one person )NP (ADJP familiar (PP with (NP UAL )NP )PP )ADJP )NP (VP said (SBAR (S (NP the signs )NP (VP pointed (PP to (NP Coniston )NP )PP (SBAR because (S (NP Mr. Trump )NP (VP has n't (VP asked (PP for (NP permission (S (VP to (VP buy (NP (NP (QP more than $ 15 million )QP )NP (PP of (NP stock )NP )PP )NP )VP )VP )S )NP )PP (PP under (NP federal antitrust rules )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC traders )NP , (VP *UNK (PP by (NP (NP their huge losses )NP (PP in (NP UAL stock )NP )PP )NP )PP )VP , )NP (VP remained (ADJP eager (PP for (NP (NP some action )NP (PP by (NP an outside catalyst )NP )PP )NP )PP )ADJP (PP following (NP (NP the collapse )NP (NP Oct. 13 )NP (PP of (NP a (ADJP $ 300-a-share , (QP $ 6.79 billion )QP )ADJP labor-management buy-out )NP )PP )NP )PP )VP . )S  STOP
(S (NP Their hope )NP (VP was (SBAR that (S (NP the catalyst )NP (VP would (VP seek (S (VP to (VP oust (NP the board )NP )VP )VP )S (PP in (NP (NP a *UNK )NP (PP of (NP shareholder *UNK )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Baker , *UNKC Investments )NP , (NP (NP a New York *UNK- trader )NP (SBAR (WHNP that )WHNP (S (VP owns (NP UAL stock )NP )VP )S )SBAR )NP , )NP (VP would n't (VP comment (PP on (NP reports (SBAR (S (NP the firm )NP (VP is (VP considering (S (VP seeking (NP such a shareholder vote )NP )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S But (NP partner Richard *UNKC )NP (VP said , `` (S (NP This )NP (VP is (NP (NP the (ADJP most extraordinary )ADJP failed transaction )NP (SBAR (S (NP I )NP (VP 've (VP seen (PP in (NP (NP 25 years )NP (PP in (NP this business )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )S )VP . )S  STOP
(S (NP (NP It )NP )NP (VP would (VP make (NP sense )NP (SBAR for (S (NP somebody )NP (VP to (VP do (NP it )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP I )NP (VP have (ADVP never )ADVP (VP seen (NP (NP a case )NP (PP of (NP (NP *UNK )NP (VP shared (PP by (NP so many participants )NP )PP )VP )NP )PP )NP )VP )VP . '' )S  STOP
(S (PP In (NP 1986 )NP )PP , (NP Baker , *UNKC )NP (VP *UNKED (NP (NP a proxy fight )NP (PP for (NP (NP control )NP (PP of (NP Leaseway Transportation Inc. )NP )PP )NP )PP (SBAR (WHNP that )WHNP (S (ADVP ultimately )ADVP (VP led (PP to (S (NP (NP Leaseway 's )NP )NP (VP being (VP sold )VP )VP )S )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Some traders )NP (VP pointed (ADVP *UNKLY )ADVP (PP to (NP (NP earlier estimates )NP (PP by (NP (NP (NP UAL 's )NP investment adviser )NP , (NP First Boston Corp. )NP , )NP )PP (SBAR that (S (NP *UNK )NP (VP could (VP yield (NP (NP (QP $ *UNKN to $ *UNKN )QP )NP (NP a share )NP )NP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S But (NP those )NP (VP would (VP require (NP (NP pilots ' )NP cooperation )NP )VP )VP . )S  STOP
(S (NP (NP Any investor )NP (SBAR (WHNP who )WHNP (S (VP acquires (NP UAL stock )NP (PP in (NP an attempt (S (VP to (VP force (NP a buy-out or recapitalization )NP )VP )VP )S )NP )PP )VP )S )SBAR )NP (VP must (VP deal (PP with (NP (NP United 's )NP *UNK unions )NP )PP )VP )VP . )S  STOP
(S (S (NP The pilots )NP (VP are (VP working (PP under (NP an expired contract )NP )PP )VP )VP )S , and (S (NP the machinists contract )NP (VP expires (NP next month )NP )VP )S . )S  STOP
(S (NP That )NP (VP gives (NP them )NP (NP (NP enormous leverage )NP , (PP including (NP (NP the threat )NP (PP of (NP (NP a strike )NP (SBAR (S (VP to (VP block (NP (NP any buy-out or recapitalization attempt )NP (SBAR (S (NP they )NP (VP oppose )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )VP . )S  STOP
(S (ADVP However )ADVP , (NP (NP a catalyst )NP (PP like (NP Coniston )NP )PP )NP (VP could (VP seek (NP (NP shareholder support )NP (PP for (NP (NP a sale )NP (PP to (NP a labor-management group )NP )PP (PP at (NP (NP the last price )NP (VP discussed (PP by (NP that group )NP )PP )VP )NP )PP )NP )PP )NP (PP before (NP (NP the board meeting )NP (NP Monday )NP )NP )PP )VP )VP . )S  STOP
(S (NP The pilots )NP (VP had (VP been (VP working (PP on (NP (NP a buy-out bid )NP (PP between (NP (NP (NP (QP $ 225 and $ 240 )QP )NP (NP a share )NP )NP , or (NP (QP $ *UNKN billion to $ *UNKN billion )QP )NP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP One person )NP (ADJP familiar (PP with (NP UAL )NP )PP )ADJP )NP (VP said (SBAR (S (NP (NP the unsettled labor situation )NP and (NP the uncertain world-wide financial markets )NP )NP (VP contributed (PP to (NP (NP the board 's )NP decision (S (VP to (VP avoid `` (S (VP (VP rushing (ADVP around )ADVP )VP (VP selling (NP the company )NP (PP at (NP a bargain price )NP )PP )VP )VP )S )VP )VP )S )NP )PP , '' (SBAR (ADVP particularly )ADVP since (S (NP it )NP (VP accepted (NP a (ADJP $ 300-a-share )ADJP offer )NP (NP just last month )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Even some *UNK- traders )NP (VP said (SBAR (S (NP they )NP (VP could n't (VP *UNK (PP with (NP (NP the board 's )NP *UNK )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP the board 's )NP decision )NP (VP prompted (S (NP many )NP (VP to (VP *UNK (PP out (PP of (NP the stock )NP )PP )PP (NP yesterday )NP )VP )VP )S )VP . )S  STOP
(SINV `` (S (NP We )NP (VP had (NP (NP (NP a lot )NP (PP of (NP people )NP )PP )NP (SBAR (WHNP who )WHNP (S (VP threw (PRT in )PRT (NP the *UNK )NP (NP today )NP )VP )S )SBAR )NP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a partner )NP (PP in (NP (NP Benjamin Jacobson & Sons )NP , (NP (NP a specialist )NP (PP in (S (VP trading (NP UAL stock )NP (PP on (NP the Big Board )NP )PP )VP )S )PP )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP Another trader )NP (VP noted (SBAR that (S (NP many arbitrage firms )NP (VP (VP are (ADJP afraid (S (VP to (VP sell (NP their UAL stock )NP (PP at (NP the bottom )NP )PP )VP )VP )S )ADJP )VP , but (VP (ADVP already )ADVP own (NP (NP so much )NP (SBAR (S (NP they )NP (VP ca n't (VP buy (NP any more )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP This deal )NP (VP is (PP like (NP a *UNKC *UNKC )NP )PP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S `` (S (NP They )NP (VP check (PRT in )PRT )VP )S , but (S (NP they )NP (VP ca n't (VP check (PRT out )PRT )VP )VP )S . '' )S  STOP
(S But (NP both (NP the traders )NP and (NP the pilots )NP )NP (VP remain (ADJP interested (PP in (NP some transaction )NP )PP )ADJP )VP . )S  STOP
(SINV (ADJP So (ADVP too )ADVP )ADJP , (PP according (PP to (NP many reports )NP )PP )PP , (VP is )VP (NP British Airways PLC )NP , (PP despite (NP (NP its public withdrawal )NP (PP from (NP the buy-out )NP )PP )NP )PP . )SINV  STOP
(S (NP The pilots )NP (VP might (VP end (PRT up )PRT (S (VP *UNKING (PRT up )PRT (PP with (NP (NP their longtime *UNK )NP , (NP the machinists union )NP , )NP )PP (PP in (NP a recapitalization )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP The machinists )NP (VP are (VP reviewing (NP (NP proposals )NP (SBAR (S (NP they )NP (VP made (PP in (NP the past )NP )PP )VP )S )SBAR (PP for (NP *UNK )NP )PP (SBAR (WHNP that )WHNP (S (VP would (VP (VP pay (NP a special shareholder dividend )NP )VP and (VP give (NP employees )NP (NP a minority stake )NP )VP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP The company )NP (VP rejected (NP those past proposals )NP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP is (ADJP unclear )ADJP , (ADVP however )ADVP , (SBAR if (S (NP the machinists )NP (VP would (VP support (NP a majority stake )NP , (SBAR as (S (NP the pilots )NP (VP want )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP A *UNK official )NP (VP said (SBAR (S (NP that )NP (VP would (VP depend (PP on (SBAR (WHNP (WHNP how much )WHNP (PP in (NP concessions )NP )PP )WHNP (S (NP machinists )NP (VP would (VP have (S (VP to (VP give (PP in (NP (NP return )NP (PP for (NP the majority stake )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Some investors )NP (SBAR (WHNP whose names )WHNP (S (VP were (VP *UNKED (ADVP about )ADVP (PP by (NP traders )NP )PP (PP as (NP potential UAL stock buyers )NP )PP )VP )VP )S )SBAR )NP (VP said (SBAR (S (NP they )NP (VP were n't (VP buying )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP I )NP (VP 'm not (VP interested )VP )VP )S , '' (VP said )VP (NP Dallas investor Harold Simmons )NP . )SINV  STOP
(S (NP (NP A source )NP (ADJP close (PP to (NP (NP Carl Icahn )NP , (NP (NP a corporate raider )NP (SBAR (WHNP who )WHNP (S (VP owns (NP Trans World Airlines Inc. )NP )VP )S )SBAR )NP , )NP )PP )ADJP )NP (VP said (SBAR (S (NP he )NP (VP (VP has n't (VP owned (NP any UAL stock )NP )VP )VP and (VP is n't (VP buying )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP One person )NP (ADJP familiar (PP with (NP Texas *UNK Robert Bass )NP )PP )ADJP )NP (VP said (SBAR (S (NP he )NP (VP is n't (ADJP likely (S (VP to (VP make (NP any hostile moves )NP )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S And (NP (NP a spokesman )NP (PP for (NP (NP *UNKC Group Holdings Inc. )NP , (SBAR (WHNP which )WHNP (S (VP (VP had (VP held (NP (NP 7 % )NP (PP of (NP UAL )NP )PP )NP (PP before (NP the first buy-out bid )NP )PP )VP )VP but (VP (ADVP later )ADVP reduced (NP its holdings )NP (PP below (NP 5 % )NP )PP )VP )VP )S )SBAR , )NP )PP )NP (VP would n't (VP comment )VP )VP . )S  STOP
(S (NP (NP Marvin Davis )NP , (SBAR (WHNP whose (NP (ADJP (QP $ 5.4 billion )QP )ADJP takeover bid )NP )WHNP (S (ADVP originally )ADVP (VP put (NP (NP the nation 's )NP second-largest airline )NP (PP in (NP play )NP )PP )VP )S )SBAR , )NP (VP is (VP limited (PP by (NP (NP a standstill agreement )NP (PP with (NP UAL )NP )PP (SBAR (S (NP he )NP (VP signed (PP in (NP September )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP The Los Angeles investor )NP (VP ca n't (VP (VP buy (NP UAL stock )NP )VP , (VP *UNK (NP shareholder *UNK )NP )VP or (VP make (NP a new offer )NP )VP (SBAR unless (S (S (NP he )NP (VP makes (NP (NP a formal offer )NP (PP of (NP (NP $ 300 )NP (NP a share )NP )NP )PP )NP )VP )S or (S (NP UAL )NP (VP *UNK (NP (NP an offer )NP (PP below (NP $ 300 )NP )PP )NP )VP )S )S )SBAR )VP )VP . )S  STOP
(S (ADVP However )ADVP , (NP Mr. Davis )NP (VP could (VP pressure (NP the board )NP (PP by (S (VP (VP asking (SBAR that (S (NP the agreement )NP (VP be (VP *UNKED )VP )VP )S )SBAR )VP , or (VP letting (S (NP (NP it )NP )NP (VP be (VP known (SBAR that (S (NP he )NP (VP has (NP (NP financing )NP (PP for (NP (NP an offer )NP (PP at (NP a lower price )NP )PP )NP )PP )NP )VP )S )SBAR )VP )VP )S )VP )VP )S )PP )VP )VP . )S  STOP
(S (NP Times *UNKC Co. )NP (VP said (SBAR (S (NP third-quarter net income )NP (VP fell (NP 13 % )NP (PP to (NP (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 54 cents )NP (NP a share )NP )NP )NP , (PP compared (PP with (NP (NP net income )NP (PP of (NP (NP (QP $ 81 million )QP )NP , or (NP (NP 62 cents )NP (NP a share )NP )NP , )NP )PP (ADVP (NP a year )NP earlier )ADVP )NP )PP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The Los Angeles media concern )NP (VP said (SBAR that (S (NP the year-ago period )NP (VP included (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP gain )NP (PP from (NP (NP the sale )NP (PP of (NP (NP assets )NP , (NP primarily *UNK )NP )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Revenue )NP (VP was (NP (QP $ *UNKN million )QP )NP , (ADVP up (NP *UNKN % )NP (PP from (NP (QP $ *UNKN million )QP )NP )PP )ADVP )VP . )S  STOP
(S (S (NP (NP (NP *UNKC results )NP (PP from (NP (NP (NP the company 's )NP broadcast and cable television units )NP and (NP professional and *UNK publishing divisions )NP )NP )PP )NP , plus (NP (NP increased advertising )NP (PP at (NP (NP (NP the company 's )NP largest newspaper )NP , (NP the Los Angeles Times )NP , )NP )PP )NP )NP (VP offset (NP (NP advertising declines )NP (PP in (NP (NP (NP the company 's )NP newspapers )NP (PP in (NP the Eastern U.S. )NP )PP )NP )PP )NP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(SINV `` (S (S (VP Looking (ADVP ahead )ADVP (PP to (NP the fourth quarter )NP )PP )VP )S , (NP (NP the outlook )NP (PP for (NP the newspaper group )NP )PP )NP (VP remains (ADJP *UNKED )ADJP , (PP with (NP (NP no improvement )NP (VP (ADVP yet )ADVP seen (PP in (NP (NP operating trends )NP (PP in (NP our Eastern markets )NP )PP )NP )PP )VP )NP )PP )VP )S , '' (VP said )VP (NP (NP Robert F. *UNKC )NP , (NP (NP Times *UNKC 's )NP chairman and chief executive )NP )NP . )SINV  STOP
(S (NP *UNKC futures )NP (VP sold (PRT off )PRT (ADVP sharply )ADVP (NP yesterday )NP , (S (VP influenced (PP by (NP (NP (NP declines )NP (PP in (NP the stock market and dollar )NP )PP )NP , and (NP (NP a rally )NP (PP in (NP bonds )NP )PP )NP )NP )PP )VP )S )VP . )S  STOP
(S (NP December copper )NP (VP (VP opened (PP near (NP (NP Monday 's )NP close )NP )PP )VP , (VP tried (S (VP to (VP rally )VP )VP )S )VP but (VP failed )VP , and then (VP triggered (NP *UNK- orders )NP (PP on (NP its way down )NP )PP (S (VP to (VP settle (PP at (NP (NP $ *UNKN )NP (NP a pound )NP )NP )PP , (ADVP off (NP *UNKN cents )NP (PP for (NP the day )NP )PP )ADVP )VP )VP )S )VP )VP . )S  STOP
(S (NP *UNKC orders )NP (VP are (VP placed (ADVP previously )ADVP (PP with (NP instructions )NP )PP (S (VP to (VP execute (NP them )NP (SBAR if (S (NP the market )NP (VP hits (NP a *UNKED price )NP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP William *UNKC )NP , (NP (NP president )NP (PP of (NP (NP the *UNKC Financial Group )NP (PP in (NP Chicago )NP )PP )NP )PP )NP , )NP (VP said (SBAR (S (NP the decline )NP (VP was (ADVP almost certainly )ADVP (VP influenced (PP by (NP (NP the early sell-off )NP (PP in (NP the stock market )NP )PP , (SBAR (WHNP which )WHNP (S (VP (ADVP partly )ADVP reflected (NP a weakening economy )NP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP (NP the recent decline )NP (PP in (NP copper stocks )NP )PP )NP (VP was (ADJP misleading )ADJP (PP in (NP (NP the face )NP (PP of (NP (NP a slowdown )NP (PP in (NP manufacturing )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Kaiser )NP (VP said (SBAR (S (NP traders )NP (VP could (VP have (VP picked (PRT up )PRT (NP (NP signals )NP (PP of (NP an imminent price decline )NP )PP )NP (SBAR (SINV had (NP they )NP (VP been (VP watching (NP (NP the *UNK metal markets )NP , (SBAR (WHNP which )WHNP (S (VP became (ADJP *UNKLY weaker )ADJP (ADVP (NP (QP two to three )QP weeks )NP ago )ADVP )VP )S )SBAR )NP )VP )VP )SINV )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S But (SBAR though (S (NP a weakening economy )NP (VP implies (NP reduced demand )NP )VP )S )SBAR , (NP Mr. Kaiser )NP (VP said (SBAR that (S (NP Third World *UNKING countries )NP (VP have n't (NP (NP any choice )NP (FRAG but (S (VP to (VP sell (NP copper )NP )VP )VP )S )FRAG )NP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP might (ADVP even )ADVP (VP step (PRT up )PRT (NP (NP sales )NP (PP in (NP a falling market )NP )PP )NP (PRN , (S (NP he )NP (VP said )VP )S , )PRN (PP in (NP an effort (S (VP to (VP maintain (NP (NP the flow )NP (PP of (NP foreign exchange )NP )PP (PP into (NP their *UNK )NP )PP )NP )VP )VP )S )NP )PP )VP )VP . )S  STOP
(S (NP *UNKLY )NP , (NP Mr. Kaiser )NP (VP noted (SBAR that (S (NP (NP a lot )NP (PP of (NP traders )NP )PP )NP (VP had (VP bought (PP into (NP the market )NP )PP (SBAR (WHADVP when )WHADVP (S (NP the price )NP (VP was (PP in (NP the (NP (QP $ 1.24 to $ *UNKN )QP )NP range )NP )PP )VP )S )SBAR , (S (VP thinking (SBAR (S (NP there )NP (VP was (NP support )NP (PP at (NP the (ADJP $ 1.20 )ADJP level )NP )PP )VP )S )SBAR )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP the market )NP (VP (VP fell (PP below (NP that level )NP )PP (PP on (NP Monday )NP )PP )VP and (VP (ADVP then )ADVP (NP yesterday )NP (VP could n't (VP climb (PP above (NP that level )NP )PP )VP )VP )VP )VP )S )SBAR , (NP traders )NP (VP started (S (VP selling (PRT out )PRT (NP their positions )NP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP senior metals analyst )NP (PP at (NP (NP Prudential-Bache Securities )NP (PP in (NP New York )NP )PP )NP )PP )NP , )NP (VP agreed (SBAR that (S (NP (NP most )NP (PP of (NP the selling )NP )PP )NP (VP was (PP of (NP a technical nature )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP She )NP (VP said (SBAR (S (NP the market )NP (VP hit (NP (NP the (ADJP $ *UNKN )ADJP level )NP )NP (PP at (NP around 10 a.m. EDT )NP )PP (SBAR (WHADVP where )WHADVP (S (NP it )NP (VP *UNKED (NP (NP a large number )NP (PP of (NP *UNK- orders )NP )PP )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP More *UNK- orders )NP (VP were (VP *UNKED (PRT off )PRT (PP (NP all the way )NP down (PP to (PP below (NP (NP $ *UNKN )NP , (SBAR (WHADVP where )WHADVP (S (NP modest buying )NP (VP was (VP attracted )VP )VP )S )SBAR )NP )PP )PP )PP )VP )VP . )S  STOP
(S (NP Ms. *UNKC )NP (VP said (SBAR (S (NP (NP the settling )NP (PP of (NP strikes )NP )PP (PP in (NP Canada and Mexico )NP )PP )NP (VP will (VP have (NP (NP little effect )NP (PP on (NP (NP supplies )NP (PP of (NP copper )NP )PP )NP )PP )NP (PP until (ADVP early (NP next year )NP )ADVP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP She )NP (VP thinks (SBAR (S (NP (NP the next area )NP (PP of (NP (NP support )NP (PP for (NP copper )NP )PP )NP )PP )NP (VP is (PP in (NP the (NP (QP $ *UNKN to $ 1.10 )QP )NP range )NP )PP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP I )NP (VP believe (SBAR that (S (SBAR as soon as (S (NP the selling )NP (VP *UNK (ADVP somewhat )ADVP )VP )S )SBAR (NP we )NP (VP could (VP see (NP (NP a rally )NP (ADVP back (PP to (NP the (ADJP $ 1.20 )ADJP region )NP )PP )ADVP )NP )VP )VP )S )SBAR )VP )S , '' (NP she )NP (VP added )VP . )S  STOP
(S (NP She )NP (VP thinks (SBAR (S (NP (NP a recovery )NP (PP in (NP the stock market )NP )PP )NP (VP would (VP help (S (NP copper )NP (VP rebound )VP )S (ADVP as well )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP She )NP (VP noted (SBAR that (S (NP (NP the preliminary estimate )NP (PP of (NP the third-quarter gross national product )NP )PP )NP (VP (VP is (ADJP due (PP out )PP )ADJP (NP tomorrow )NP )VP and (VP is (VP expected (S (VP to (VP be (ADVP up (NP (QP about 2.5 )QP % )NP (PP to (NP 3 % )NP )PP )ADVP )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (S (SBAR If (S (NP the number )NP (VP is (ADJP (NP a little )NP better )ADJP )VP )S )SBAR , (ADVP then )ADVP (NP copper )NP (VP will (VP respond (ADVP *UNKLY )ADVP )VP )VP )S , (S (SBAR if (S (NP it )NP (VP is (ADJP worse )ADJP )VP )S )SBAR (ADVP then )ADVP (NP more selling )NP (VP could (VP *UNK )VP )VP )S )S , '' (NP she )NP (VP predicted )VP . )S  STOP
(S (NP Ms. *UNKC )NP (VP noted (SBAR that (S (S (VP relating (NP economic numbers )NP (PP to (NP specific market activity )NP )PP )VP )S (VP is (ADJP *UNK )ADJP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Yesterday )NP , (PP for (NP example )NP )PP , `` (S (NP the durable goods numbers )NP (VP came (PRT out )PRT (PP for (NP September )NP )PP )VP )S and (S (NP the number )NP (VP was (ADVP down (NP (QP only 0.1 )QP % )NP )ADVP )VP )S , '' )S (NP she )NP (VP said )VP . )S  STOP
(S `` (ADVP However )ADVP , (SBAR if (S (NP you )NP (VP exclude (NP *UNKED orders )NP )VP )S )SBAR (ADVP then )ADVP (NP durable goods )NP (VP were (ADVP down (NP 3.9 % )NP )ADVP )VP . )S  STOP
(S (NP I )NP (VP believe (SBAR (S (NP that number )NP (VP reflects (NP a slowing economy )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP She )NP (VP said (SBAR (S (NP copper traders )NP (VP will (ADVP also )ADVP (VP be (VP looking (PP toward (NP (NP the release )NP (PP of (NP (NP the index )NP (PP of (NP leading economic indicators )NP )PP )NP )PP (NP next Tuesday )NP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP However )ADVP , (NP (NP David *UNKC )NP , (NP (NP president )NP (PP of (NP (NP *UNKC & Co. )NP , (NP an international metals company )NP , )NP )PP )NP )NP (VP noted (SBAR (SBAR that (S (NP (ADVP so far )ADVP this year )NP (NP copper consumption )NP (VP is (ADVP way ahead (PP of (NP (NP the same period )NP (PP of (NP 1988 )NP )PP )NP )PP )ADVP )VP )S )SBAR , and (SBAR that (S (NP projected production )NP (VP is (PP below (NP last year )NP )PP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP the copper market )NP (VP seems (S (VP to (VP be (VP *UNKING (NP (NP a recession )NP (PP in (NP three months )NP )PP )NP , (PP with (S (NP declining use )NP (VP being (NP the result )NP )VP )S )PP )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S `` But , '' (PRN (S (NP he )NP (VP added )VP )S )PRN , `` (NP we )NP (VP have (VP had (NP that (ADJP exact same )ADJP perception )NP (NP six times )NP (PP in (NP the last six years )NP )PP )VP )VP . '' )S  STOP
(S (NP He )NP (VP noted (SBAR that (S (ADVP currently )ADVP (NP (NP the ratio )NP (PP of (NP available copper )NP )PP (PP to (NP consumption )NP )PP )NP (VP is (NP about 3.5 weeks )NP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP the normal ratio )NP (VP is (NP (QP five to six )QP weeks )NP )VP )S )SBAR )VP . )S  STOP
(S (PP According (PP to (NP Mr. *UNKC )NP )PP )PP , (NP (NP the *UNK )NP (PP in (NP copper production )NP )PP )NP (VP is n't (PP (PP at (NP the mines )NP )PP but (PP at (NP the copper *UNK )NP )PP )PP )VP . )S  STOP
(S `` (S (NP (NP It )NP )NP (VP takes (NP three months )NP (S (VP to (VP turn (NP copper concentrate )NP (PP into (NP *UNK )NP )PP )VP )VP )S )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (SBAR If (S (NP there )NP (VP is n't (NP a recession )NP )VP )S )SBAR (PRN , (S (NP he )NP (VP said )VP )S , )PRN `` (NP we )NP (VP will (VP be (PP out (PP of (NP copper )NP )PP )PP (PP by (NP (NP the end )NP (PP of (NP March )NP )PP )NP )PP )VP )VP . )S  STOP
(S (SBAR If (S (NP there )NP (VP is (NP (NP a recession )NP )NP )VP )S )SBAR (NP that )NP (VP will (VP change (NP the statistical situation )NP )VP )VP . '' )S  STOP
(S (NP He )NP (VP thinks (SBAR that (S (PP without (NP a recession )NP )PP (NP copper prices )NP (VP could (VP exceed (NP (NP a high )NP (PP of (NP (NP $ *UNKN )NP (NP a pound )NP )NP )PP , (SBAR (WHNP which )WHNP (S (VP was (VP reached (NP last year )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP the past )NP )PP (NP Mr. *UNKC )NP (VP has (VP been (VP known (S (VP to (VP have (NP (NP substantial long positions )NP (PRN (S (ADVP that is )ADVP , (NP he )NP (VP had (VP bought (NP copper futures )NP (PP in (NP (NP anticipation )NP (PP of (NP rising prices )NP )PP )NP )PP )VP )VP )S )PRN -- (PP in (NP the copper futures market )NP )PP )NP )VP )VP )S )VP )VP )VP . )S  STOP
(FRAG (PP In (NP other commodity markets )NP )PP (NP yesterday )NP : )FRAG  STOP
(FRAG (NP *UNKC )NP : (S (NP The attitude )NP (VP was `` (ADJP *UNK- )ADJP '' (PP in (NP crude oil futures )NP )PP (NP yesterday )NP (PP in (NP (NP trading )NP (PP on (NP the New York Mercantile Exchange )NP )PP )NP )PP )VP )S . )FRAG  STOP
(S (NP (NP Prices )NP (PP for (NP (NP the U.S. benchmark )NP (NP West Texas *UNKC crude )NP )NP )PP )NP (VP remained (VP locked (PP in (NP a (ADJP fairly narrow )ADJP range )NP )PP )VP )VP (PP before (S (VP ending (NP the session )NP (ADVP (NP four cents )NP lower )ADVP (PP at (NP (NP $ *UNKN )NP (NP a barrel )NP (PP for (NP December delivery )NP )PP )NP )PP )VP )S )PP . )S  STOP
(S (NP Several analysts and brokers )NP (VP said (SBAR (S (NP the petroleum market )NP (VP was (ADJP ready (S (VP to (VP rally )VP )VP )S )ADJP (PP after (NP (NP two days )NP (PP of (NP (NP price declines )NP (PP from (NP *UNKING )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP an early *UNK- drop )NP (PP in (NP the Dow Jones Industrial Average )NP )PP )NP (VP stopped (NP the crude rally )NP (S (ADVP cold )ADVP )S )VP . )S  STOP
(S (S (NP The industrial average )NP (VP recovered (S (VP to (VP close (ADVP (NP only *UNKN points )NP lower )ADVP )VP )VP )S )VP )S , but (S (NP petroleum futures )NP (ADVP never )ADVP (VP shook (PRT off )PRT (NP the *UNK )NP )VP )S . )S  STOP
(S (NP Most market participants )NP (VP said (SBAR (S (NP they )NP (VP were (VP looking (PP to (NP (NP (NP this week 's )NP inventory statistics )NP (PP from (NP the American Petroleum Institute )NP )PP )NP )PP (S (VP to (VP give (NP the market )NP (NP some direction )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The report )NP (VP is n't (ADJP generally available )ADJP (PP until (ADJP late (PP on (NP *UNKC )NP )PP )ADJP )PP )VP . )S  STOP
(FRAG (NP *UNKC *UNKC )NP : (S (NP Futures prices )NP (VP *UNKED (ADVP upward )ADVP (PP in (NP (ADJP mostly lackluster )ADJP trading )NP )PP )VP )S . )FRAG  STOP
(S (S (NP December gold )NP (VP was (ADVP up (NP (NP $ *UNKN )NP (NP an ounce )NP )NP )ADVP (PP at (NP $ *UNKN )NP )PP )VP )S ; (S (NP December silver )NP (VP gained (NP *UNKN cents )NP (PP to (NP (NP $ *UNKN )NP (NP an ounce )NP )NP )PP )VP )S . )S  STOP
(S (NP January platinum )NP (VP rose (NP (NP $ *UNKN )NP (NP an ounce )NP )NP (PP to (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (NP Mr. Kaiser )NP (VP said (SBAR (S (NP there )NP (VP were (NP (NP no fundamental factors )NP (VP moving (NP these markets )NP )VP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP He )NP (VP noted (SBAR that (S (ADVP (NP two weeks )NP ago )ADVP (NP there )NP (VP were (NP (NP rumors )NP (PP of (NP (NP Soviet sales )NP (PP of (NP precious metals )NP )PP (SBAR (S (VP to (VP finance (NP grain purchases )NP )VP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )VP )S , but (S (NP the sales )NP (VP do n't (VP seem (S (VP to (VP have (VP *UNKED )VP )VP )VP )S )VP )VP )S . )S  STOP
(S (NP Ms. *UNKC )NP (VP thought (SBAR (S (NP (NP yesterday 's )NP price action )NP (VP reflected (NP (NP weakness )NP (PP in (NP (NP the stock market )NP and (NP the dollar )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP Gold )NP (ADVP still )ADVP (VP acts (PP as (NP a *UNK )NP )PP (SBAR (WHADVP when )WHADVP (S (NP uncertainty )NP (VP *UNK (PP in (NP the financial markets )NP )PP (SBAR as (S (NP it )NP (VP did (VP '' (NP yesterday )NP )VP )VP )S )SBAR )VP )S )SBAR )VP )S , (NP she )NP (VP said )VP . )S  STOP
(S (NP Mr. Kaiser )NP (VP noted (SBAR that (S (NP gold )NP (VP was (NP (NP (NP (QP more than 71 times )QP the price )NP (PP of (NP silver )NP )PP )NP )NP (PP at (NP the close )NP )PP (NP yesterday )NP , (SBAR (WHNP which )WHNP (S (VP is (ADJP historically high )ADJP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S `` (S (S (NP The high ratio )NP (VP reflects (NP the fact (SBAR that (S (NP silver )NP (VP is (ADVP still )ADVP (VP regarded (PP as (NP about a *UNK- metal )NP )PP )VP )VP )S )SBAR )NP )VP )S and (S (NP (NP its price lagging )NP (ADJP relative (PP to (NP gold )NP )PP )ADJP )NP (VP says (SBAR that (S (NP traders )NP (VP are (VP expecting (NP a weakening economy )NP )VP )VP )S )SBAR )VP )S )S , '' (NP he )NP (VP said )VP . )S  STOP
(FRAG (NP *UNKC AND *UNKC )NP : (S (NP Prices )NP (VP closed (ADVP lower )ADVP (PP after (NP (NP trading )NP (PP in (NP (ADJP relatively narrow )ADJP ranges )NP )PP )NP )PP (PP because of (NP (NP (NP strong selling )NP (PP in (NP the cash market )NP )PP )NP and (NP continued favorable harvest weather )NP )NP )PP )VP )S . )FRAG  STOP
(SINV (S (S (NP (NP The sale )NP (PP to (NP the Chinese government )NP )PP (PP of (NP (NP *UNKN metric tons )NP (PP of (NP wheat )NP )PP )NP )PP (PP under (NP (NP the government 's )NP export *UNK program )NP )PP )NP (VP was (VP announced (PP after (NP (NP the close )NP (PP of (NP trading )NP )PP (NP Monday )NP )NP )PP )VP )VP )S , but (S (NP the sale )NP (VP (VP was (VP expected )VP )VP and (VP failed )VP (S (VP to (VP *UNK (NP prices )NP (NP yesterday )NP )VP )VP )S )VP )S , )S (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a futures analyst )NP (PP with (NP (NP Drexel Burnham Lambert Inc. )NP (PP in (NP Chicago )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (S (PP As (PP for (NP other export customers )NP )PP )PP , (NP the Soviet Union )NP (VP is n't (VP expected (S (VP to (VP be (ADVP back (VP buying (NP U.S. corn )NP (PP in (NP significant amounts )NP )PP )VP )ADVP )VP )VP )S (PP until (NP early next year )NP )PP )VP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (NP (NP A number )NP (PP of (NP commercial grain users )NP )PP )NP (VP *UNKED (NP that opinion )NP (NP yesterday )NP (PP by (S (VP buying (NP (NP certain corn options )NP (PP for (NP (NP delivery )NP (PP in (NP March )NP )PP )NP )PP )NP )VP )S )PP , (S (VP indicating (PP to (NP analysts )NP )PP (SBAR that (S (NP the commercial companies )NP (VP would (VP use (NP the options )NP (S (VP to (VP hedge (PP against (NP expected corn sales )NP )PP (PP in (NP (NP next year 's )NP first quarter )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(FRAG (NP *UNKC )NP : (S (NP Futures )NP (ADVP at first )ADVP (VP (VP continued (NP (NP the rally )NP (VP begun (PP on (NP Monday )NP )PP )VP )NP )VP , but (VP (ADVP then )ADVP (VP *UNKED )VP and (VP closed (ADJP lower )ADJP )VP )VP )VP )S . )FRAG  STOP
(S (NP The December contract )NP (VP (VP opened (PP (ADVP just )ADVP under (NP (NP Monday 's )NP close )NP )PP )VP , (VP triggered (NP (NP some (ADJP previously placed )ADJP buy orders )NP (PP (ADVP just )ADVP above (NP (NP $ *UNKN )NP (NP a metric ton )NP )NP )PP )NP , (S (VP pushing (NP the price )NP (PP to (NP $ *UNKN )NP )PP )VP )S )VP , and then (VP *UNKED (NP (NP heavy selling )NP (PP (PP by (NP (NP traders )NP (SBAR (WHNP who )WHNP (S (VP buy and sell (PP for (NP their own accounts )NP )PP )VP )S )SBAR )NP )PP and (PP by (NP commercial interests )NP )PP )PP )NP )VP )VP . )S  STOP
(S (NP The contract )NP (VP settled (PP at (NP (NP $ *UNKN )NP (NP a ton )NP )NP )PP , (ADVP off (NP $ 13 )NP )ADVP )VP . )S  STOP
(S (NP (NP Robert *UNKC )NP , (NP (NP senior commodities analyst )NP (PP at (NP Kaiser Financial Group )NP )PP )NP , )NP (VP said (SBAR (S (NP (NP Monday 's )NP rally )NP (VP continued (NP yesterday )NP (PP for (NP (NP only (QP about 20 )QP minutes )NP (PP after (NP the opening )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (SBAR even though (S (NP there )NP (VP was (NP arbitrage buying )NP (PP in (NP New York )NP )PP (PP because of (NP the weak dollar )NP )PP )VP )S )SBAR , (NP cocoa )NP (VP fell (PP to (NP (NP *UNK pressure )NP (PP from (NP bearish traders )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S But (NP he )NP (VP noted (SBAR that (S (NP speculators )NP (ADVP apparently )ADVP (VP do n't (VP believe (SBAR (S (NP there )NP (VP is (NP (NP much more )NP (PP of (NP (NP a decline )NP (PP in (NP (NP store )NP (PP for (NP cocoa )NP )PP )NP )PP )NP )PP )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The December contract )NP (VP reached (NP (NP its *UNK- low )NP (PP of (NP (NP $ *UNKN )NP (NP a ton )NP )NP )PP )NP (PP on (NP Oct. 11 )NP )PP )VP )S ; (S (S (NP its lifetime high )NP (VP was (NP (NP $ *UNKN )NP , (VP set (PP in (NP 1988 )NP )PP )VP )NP )VP )S , and (S (NP its recent high )NP (VP was (NP (NP $ *UNKN )NP , (VP set (PP in (NP early August )NP )PP )VP )NP )VP )S )S . )S  STOP
(S (NP (NP The last time )NP (SBAR (S (NP cocoa )NP (VP traded (PP at (NP (NP prices )NP (ADJP as low (PP as (ADVP currently )ADVP )PP )ADJP )NP )PP )VP )S )SBAR )NP (VP was (PP in (NP 1974 )NP )PP )VP . )S  STOP
(S But (SBAR while (S (NP further modest declines )NP (VP might (VP be (ADVP ahead )ADVP )VP )VP )S )SBAR , (NP Mr. *UNKC )NP (VP said (SBAR (S (NP (NP it )NP )NP (VP would (VP be (ADJP difficult )ADJP (S (VP to (VP get (PP through (NP (NP resistance levels )NP (PP (ADVP just )ADVP above (NP (NP yesterday 's )NP high )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Citizens First Bancorp . Inc. )NP (VP said (SBAR (S (NP it )NP (VP agreed (S (VP to (VP buy (NP (NP *UNKC First Financial Group Inc. )NP , (NP a (NP (NP *UNKC )NP , (NP N.J. )NP , )NP bank holding company )NP , )NP (PP for (NP (NP (QP about $ *UNKN million )QP )NP (PP in (NP cash and stock )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Citizens First )NP , (SBAR (WHNP which )WHNP (S (VP (VP controls (NP Citizens First National Bank )NP )VP and (VP is (VP based (PP in (NP (NP *UNKC Rock )NP , (NP N.J. )NP )NP )PP )VP )VP )VP )S )SBAR , )NP (VP will (VP (VP pay (NP (NP a maximum )NP (PP of (NP 40 % )NP )PP )NP (PP in (NP cash )NP )PP (PP for (NP (NP the parent )NP (PP of (NP *UNKC Savings Bank )NP )PP )NP )PP )VP (VP and (NP the remainder )NP (PP in (NP (NP convertible preferred stock )NP , (PP with (NP (NP a liquidation value )NP (PP of (NP (NP $ 18 )NP (NP a share )NP )NP )PP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP *UNKC holders )NP (VP will (VP have (NP the option (S (VP to (VP request (NP either stock or cash )NP )VP )VP )S )NP )VP )VP . )S  STOP
(S (NP The convertible preferred )NP (VP will (VP (VP pay (NP dividends )NP (PP at (NP 7.875 % )NP )PP )VP and (VP be (ADJP convertible (PP into (NP (NP shares )NP (PP of (NP Citizens First )NP )PP )NP )PP (PP at (NP (NP a rate )NP (ADJP equal (PP to (NP (NP 20 % )NP (PP above (NP (NP the average closing price )NP (PP of (NP the stock )NP )PP (PP during (NP (NP a *UNK- period )NP (PP (ADVP prior )ADVP to (NP (NP the transaction 's )NP completion )NP )PP )NP )PP )NP )PP )NP )PP )ADJP )NP )PP )ADJP )VP )VP )VP . )S  STOP
(S (NP The deal )NP (VP requires (NP (UCP regulatory and shareholder )UCP approval )NP )VP . )S  STOP
(S (NP (NP *UNKC Systems Technology Inc. )NP , (NP Los Angeles )NP , )NP (VP said (SBAR (S (NP (NP its major creditor )NP , (NP General Electric *UNKC Trust )NP , )NP (VP agreed (S (VP to (VP convert (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP (NP debt )NP (VP owed )VP )NP )PP )NP (PP into (NP (NP 25 % )NP (PP of (NP (NP *UNKC System 's )NP (ADJP fully diluted )ADJP common stock )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The agreement )NP (ADVP also )ADVP (VP calls (SBAR for (S (NP (NP General Electric Pension )NP , (NP (NP a unit )NP (PP of (NP General Electric Co. )NP )PP )NP , )NP (VP to (VP receive (NP (NP (QP as much as 10 )QP % )NP (PP of (NP (NP *UNKC Systems ' )NP (VP (ADVP fully )ADVP diluted )VP common stock )NP )PP , (PP depending (PP on (NP (NP the proceeds )NP (PP from (NP (NP the sale )NP (PP of (NP (NP the *UNKC Film *UNKC )NP and (NP its receivables )NP )NP )PP )NP )PP )NP )PP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP General Electric Pension )NP (VP took (NP (NP control )NP (PP of (NP the *UNK- library )NP )PP )NP (NP last month )NP (SBAR after (S (NP Color Systems )NP (VP *UNKED (PP on (NP the loan )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The agreement )NP (VP depends (PP on (NP (NP Color Systems ' )NP ability (S (VP to (VP win (NP similar concessions )NP (PP from (NP other creditors )NP )PP )VP )VP )S )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC Young )NP , (NP president )NP , )NP (VP said (SBAR (S (NP the company )NP (VP expects (S (VP to (VP conclude (NP (NP negotiations )NP (PP with (NP other creditors )NP )PP )NP (PP within (NP 60 days )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Color Systems )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP *UNK- film )NP (PP to (NP color *UNK )NP )PP )VP )S )SBAR , )NP (VP posted (NP (NP a loss )NP (PP of (NP (NP (QP $ 7.1 million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP on (NP (NP revenue )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )NP (PP for (NP (NP the fiscal year )NP (VP ended (NP June 30 )NP )VP )NP )PP )VP . )S  STOP
(S (NP Its stock )NP (VP fell (NP 12.5 cents )NP , (PP to (NP $ *UNKN )NP )PP , (PP in (NP American Stock Exchange composite trading )NP )PP (NP yesterday )NP )VP . )S  STOP
(S (ADVP Next (PP to (NP (NP *UNKC Kravis Roberts 's )NP *UNK RJR Nabisco deal )NP )PP )ADVP , (NP SCI Television )NP (VP is (NP small *UNK )NP )VP . )S  STOP
(S But (NP (NP the troubles )NP (PP of (NP SCI TV )NP )PP )NP (VP are (NP (NP a classic tale )NP (PP of (NP (NP (NP the leveraged buy-out *UNK )NP (PP of (NP the 1980s )NP )PP )NP , (NP especially the *UNKING game )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP SCI TV )NP , (SBAR (WHNP which )WHNP (S (VP expects (S (VP to (VP release (NP a plan (S (VP to (VP restructure (NP (NP (QP $ 1.3 billion )QP )NP (PP of (NP debt )NP )PP )NP )VP )VP )S )NP (PP in (NP the next day or so )NP )PP )VP )VP )S )VP )S )SBAR , )NP (VP is n't (NP (NP just another LBO )NP (SBAR (WHNP that )WHNP (S (VP went (ADJP bad )ADJP (PP after (S (VP *UNKING (PRT on )PRT (NP debt )NP )VP )S )PP -- (SBAR though (S (NP it )NP (VP did (VP do (NP that )NP )VP )VP )S )SBAR )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The cable and TV station company )NP (VP was (NP (NP (NP an LBO )NP (PP of (NP an LBO )NP )PP )NP , (NP (NP a set )NP (PP of (NP (NP assets )NP (SBAR (WHNP that )WHNP (S (VP were (VP leveraged (ADVP twice )ADVP , (S (VP *UNKING (S (NP (NP the blue-chip buy-out king )NP (NP Henry Kravis )NP )NP (PP in (NP 1987 )NP )PP (VP to (VP take (NP (NP (QP more than $ 1 billion )QP )NP (PP of (NP cash )NP )PP )NP (PP out (PP of (NP the *UNK - *UNK )NP )PP )PP )VP )VP )S )VP )S )VP )VP )S )SBAR )NP )PP )NP )NP )VP . )S  STOP
(S (NP (NP SCI TV 's )NP buy-out )NP (VP was (NP (NP an *UNK )NP (PP in (NP the hole )NP )PP )NP (PP (PP for (NP Mr. Kravis )NP )PP and (PP for (NP (NP investors )NP (PP in (NP KKR partnerships )NP )PP )NP )PP )PP )VP . )S  STOP
(S But (NP it )NP (VP has (VP left (S (NP (NP holders )NP (PP of (NP (NP SCI TV 's )NP junk bonds )NP )PP )NP (VP holding (NP the *UNK )NP , (PP including (NP (NP some *UNK )NP (SBAR (WHNP that )WHNP (S (NP KKR )NP (VP might (VP need (S (VP to (VP finance (NP future deals )NP )VP )VP )S )VP )VP )S )SBAR , (PP such as (NP (NP Kemper Financial Services )NP , (NP First Executive )NP , (NP Columbia Savings & Loan )NP and (NP (NP Prudential Insurance Co. )NP (PP of (NP America )NP )PP )NP )NP )PP )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP Some *UNK- )NP (VP are (VP said (S (VP to (VP be (VP considering (NP (NP (NP legal action )NP (PP against (NP KKR )NP )PP )NP or (NP moves (S (VP to (VP force (NP SCI TV )NP (PP into (NP bankruptcy court )NP )PP )VP )VP )S )NP )NP )VP )VP )VP )S )VP )VP . )S  STOP
(S And (NP (NP (NP KKR 's )NP majority partner )NP (PP in (NP (NP SCI TV 's )NP buy-out )NP )PP , (NP (NP (NP *UNKC )NP , (NP Tenn. )NP , )NP entrepreneur George Gillett )NP , )NP (ADVP also )ADVP (VP is (VP said (S (VP to (VP be (ADJP very *UNK )ADJP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP SCI TV 's )NP six stations )NP (ADVP once )ADVP (VP were (NP (NP part )NP (PP of (NP *UNKC Communications )NP )PP )NP )VP . )S  STOP
(S (NP KKR )NP (VP (VP *UNKED (PRT up )PRT (NP the cable and television company )NP (PP with (NP debt )NP )PP (PP in (NP an 1985 buy-out )NP )PP )VP , then (VP (ADVP later )ADVP (VP sold (NP (NP *UNKC 's )NP cable operations )NP (PP at (NP a fat profit )NP )PP )VP )VP )VP . )S  STOP
(S (PP In (NP 1987 )NP )PP , (NP KKR )NP (PP for (NP the second time )NP )PP (VP *UNKED (NP debt )NP (PP onto (NP (NP *UNKC 's )NP TV stations )NP )PP , (S (VP selling (NP them )NP (PP for (NP (QP $ 1.3 billion )QP )NP )PP (PP to (NP (NP (NP a new entity )NP (SBAR (WHNP that )WHNP (S (VP was (ADJP (ADJP *UNKED (PP by (NP KKR )NP )PP )ADJP and (ADJP *UNKED (PP by (NP Gillett Corp. )NP )PP )ADJP )ADJP )VP )S )SBAR )NP , (SBAR (WHNP which )WHNP (S (ADVP now )ADVP (VP operates (NP the SCI TV stations )NP )VP )S )SBAR )NP )PP )VP )S )VP . )S  STOP
(S (PP In (NP this second LBO )NP )PP , (NP KKR )NP (VP (PP with (NP one hand )NP )PP (VP took (NP (NP (QP more than $ 1 billion )QP )NP (PP of (NP cash )NP )PP )NP (PP out (PP of (NP (NP the TV company 's )NP assets )NP )PP )PP )VP and (VP moved (NP it )NP (PP into (NP the *UNKC cable operations )NP )PP )VP , (S (VP making (S (NP them )NP (ADJP more valuable (PP in (NP a 1988 sale )NP )PP )ADJP )S )VP )S )VP . )S  STOP
(S -LRB- (NP *UNKC )NP (ADVP also )ADVP (VP took (NP (NP (QP $ 125 million )QP )NP (PP of (NP *UNK SCI TV bonds )NP )PP )NP (PP as (NP (NP partial payment )NP (PP for (NP the TV assets )NP )PP )NP )PP )VP . -RRB- )S  STOP
(S (PP With (NP the other hand )NP )PP , (NP KKR )NP (VP put (ADVP back (PP into (NP SCI TV )NP )PP )ADVP (NP (NP (QP less than 10 )QP % )NP (PP of (NP (NP the cash )NP (SBAR (S (NP it )NP (VP had (VP taken (PRT out )PRT )VP )VP )S )SBAR )NP )PP )NP , (S (VP buying (NP SCI TV common and preferred shares )NP )VP )S )VP . )S  STOP
(S (ADVP So )ADVP , (SBAR while (S (NP KKR )NP (NP today )NP (VP has (NP (NP (NP an estimated (QP $ 250 million )QP )NP )NP (VP *UNK (PP in (NP *UNK- SCI TV )NP )PP )VP , (PP including (NP equity and debt )NP )PP )NP )VP )S )SBAR , (NP the LBO firm )NP (ADVP still )ADVP (VP is (ADVP (NP (QP $ 1 billion )QP )NP ahead (PP on (NP the SCI TV buy-out )NP )PP )ADVP (PP after (S (VP taking (NP cash )NP (PP up (NP front )NP )PP )VP )S )PP )VP . )S  STOP
(S (PP On (NP (NP Storer )NP (PP as (NP a whole )NP )PP )NP )PP , (NP KKR )NP (VP *UNKED (PRT up )PRT (NP (NP compound annual returns )NP (PP of (NP 60 % )NP )PP )NP (PP in (NP (NP the three years )NP (SBAR (S (NP it )NP (VP owned (NP Storer )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP Mr. Gillett )NP (VP risks (S (VP losing (NP (NP his entire equity investment )NP (PP of (NP (QP about $ 100 million )QP )NP )PP (PP in (NP SCI TV )NP )PP )NP (SBAR if (S (NP the company )NP (VP ca n't (VP be (VP restructured )VP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (ADVP Overall )ADVP , (NP (NP (NP Mr. Gillett 's )NP holding company )NP , (NP Gillett Holdings )NP , )NP (VP (VP is (ADJP heavily *UNKED )ADJP )VP and (VP , (PP except (PP for (NP its *UNKC Mountain resorts )NP )PP )PP , is n't (VP doing (ADVP very well )ADVP )VP )VP )VP . )S  STOP
(S (PP With (S (NP the TV business )NP (VP falling (PP on (NP hard times )NP )PP (PP in (NP recent years )NP )PP )VP )S )PP , (NP analysts )NP (VP say (SBAR that (S (SBAR if (S (NP SCI TV )NP (VP had (S (VP to (VP be (VP *UNKED (NP today )NP )VP )VP )VP )S )VP )S )SBAR , (NP it )NP (VP might (VP fetch (ADJP (NP 30 % )NP less (PP than (PP in (NP the 1987 buy-out )NP )PP )PP )ADJP , (S (VP *UNKING (PRT out )PRT (NP (NP most )NP (PP of (NP (NP (NP the company 's )NP *UNK- )NP and (NP its stockholders )NP )NP )PP )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (S (NP SCI TV )NP (VP can (VP (ADVP barely )ADVP pay (NP its cash interest bill )NP )VP )VP )S , and (S (S (VP to (VP stay (PP out (PP of (NP bankruptcy court )NP )PP )PP )VP )VP )S (NP it )NP (VP must (ADVP soon )ADVP (VP *UNK (NP (NP a lot )NP (PP of (NP (NP (NP bank loans )NP and (NP junk bonds )NP )NP (SBAR (WHNP that )WHNP (S (VP have (VP fallen (S (ADJP due )ADJP )S )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S . )S  STOP
(S (NP (NP (NP SCI TV 's )NP *UNK period )NP (PP for (S (VP paying (NP its bills )NP )VP )S )PP )NP (VP is (ADJP due (S (VP to (VP expire (NP Nov. 16 )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP It )NP (ADVP now )ADVP (VP is (VP (ADVP quietly )ADVP *UNKING (PP among (NP creditors )NP )PP (NP a preliminary plan (S (VP to (VP restructure (NP debt )NP )VP )VP )S )NP )VP )VP . )S  STOP
(SINV (S (S (NP *UNKC )NP `` (VP have (VP started (ADVP *UNK - *UNKLY )ADVP )VP )VP )S , but (S (NP that )NP (VP 's not (S (VP to (VP say (SBAR (S (NP we )NP (VP like (NP this particular offer )NP )VP )S )SBAR )VP )VP )S )VP )S )S , '' (VP says )VP (NP (NP (NP *UNKC Ross )NP (PP of (NP Rothschild Inc. )NP )PP )NP , (NP (NP adviser )NP (PP to (NP SCI TV *UNK- )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP No major player )NP (PP in (NP the SCI TV deal )NP )PP )NP (VP will (VP talk (ADVP publicly )ADVP )VP )VP . )S  STOP
(S But (NP it )NP (VP 's (VP understood (SBAR that (S (NP Mr. Kravis )NP (VP is (VP disappointed (SBAR that (S (NP Mr. Gillett )NP (VP did n't (VP manage (S (VP to (VP boost (NP (NP SCI TV 's )NP operating profit )NP (PP after (NP the buy-out )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Mr. Kravis )NP (VP (ADVP apparently )ADVP thinks (SBAR (S (NP SCI TV )NP (VP can (VP survive (SBAR if (S (NP lenders )NP (VP extend (NP its debt payments )NP (SBAR until (S (NP TV stations )NP (VP rise (PP in (NP value )NP )PP (ADVP again )ADVP )VP )S )SBAR , (S (VP allowing (S (NP SCI TV )NP (VP to (VP sell (NP assets )NP (S (VP to (VP pay (NP debt )NP )VP )VP )S )VP )VP )S )VP )S )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Mr. Gillett )NP (VP is (VP said (S (VP to (VP be (ADJP *UNK (PP of (NP his operating record )NP )PP )ADJP )VP )VP )S )VP )VP )S ; (S (NP he )NP (VP has (VP (VP lifted (NP (NP some stations ' )NP ratings )NP )VP and (VP turned (PRT around )PRT (NP a Detroit station )NP )VP )VP )VP )S . )S  STOP
(S (PP As (PP for (NP *UNK- )NP )PP )PP , (NP they )NP (VP 're (VP *UNKING (SBAR (S (NP (NP it )NP )NP (VP can (VP be (NP a mistake )NP (S (VP to (VP take (NP (NP the other side )NP (PP of (NP (NP a trade )NP (PP by (NP KKR )NP )PP )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP The bonds )NP (PP of (NP SCI TV )NP )PP )NP (ADVP now )ADVP (VP are (VP being (VP quoted (PP at (NP (NP prices )NP (VP ranging (PP from (NP only five cents )NP )PP (PP to (NP (NP (QP about 60 )QP cents )NP (PP on (NP the dollar )NP )PP )NP )PP )VP )NP )PP , (PP according (PP to (NP (NP *UNKC Smith & Co. )NP (PP in (NP New York )NP )PP , (SBAR (WHNP which )WHNP (S (VP trades (NP *UNKED securities )NP )VP )S )SBAR )NP )PP )PP )VP )VP )VP . )S  STOP
(S (NP (NP People )NP (SBAR (WHNP who )WHNP (S (VP have (VP seen (NP (NP SCI TV 's )NP restructuring plan )NP )VP )VP )S )SBAR )NP (VP say (SBAR (S (NP it )NP (VP offers (NP (NP concessions )NP (PP by (NP (NP KKR )NP and (NP Gillett Corp )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP would both (VP give (NP (NP part )NP (PP of (NP (NP their combined (QP $ 50 million )QP )NP (PP in (NP (NP common equity )NP (PP in (NP SCI TV )NP )PP )NP )PP )NP )PP )NP (PP to (NP (NP holders )NP (PP of (NP (NP SCI TV 's )NP (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP junk bonds )NP )PP )NP )NP )PP )NP )PP , (PP as (NP (NP a *UNK )NP (SBAR (S (VP to (VP persuade (NP them )NP (S (VP to (VP accept (NP (NP new bonds )NP (SBAR (WHNP that )WHNP (S (VP might (VP reduce (NP (NP the value )NP (PP of (NP (NP their claims )NP (PP on (NP the company )NP )PP )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S But (NP some *UNK SCI TV *UNK- )NP (VP say (SBAR (S (NP that )NP (VP 's not (NP enough )NP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP contend (SBAR that (S (NP (NP SCI TV 's )NP equity )NP (ADVP now )ADVP (VP is (ADJP *UNK )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP add (SBAR that (S (NP (NP it )NP )NP (VP is n't (VP *UNKING (NP KKR )NP (NP anything )NP (S (VP to (VP give (PRT up )PRT (NP equity )NP )VP )VP )S (PP because of (NP (NP (NP its big *UNK- cash profit )NP (PP on (NP the buy-out )NP )PP )NP , (SBAR (WHNP which )WHNP (S (NP they )NP (VP think (SBAR (S (VP contributed (PP to (NP (NP SCI TV 's )NP current problems )NP )PP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Kemper )NP , (NP (NP the biggest holder )NP (PP of (NP senior SCI TV bonds )NP )PP )NP , )NP (VP (VP has (VP refused (S (VP to (VP join (NP the *UNK- committee )NP )VP )VP )S )VP )VP and (VP is (VP said (S (VP to (VP be (VP reviewing (NP its legal options )NP )VP )VP )VP )S )VP )VP )VP . )S  STOP
(S (S (VP To (VP protect (NP their claims )NP )VP )VP )S , (NP some *UNK- )NP (VP want (S (NP (NP KKR )NP and (ADVP perhaps )ADVP (NP Mr. Gillett )NP )NP (VP to (VP invest (NP (NP new money )NP )NP (PP in (NP SCI TV )NP )PP , (NP (ADVP perhaps )ADVP (QP $ 50 million or more )QP )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP One investment banker )NP (SBAR (WHNP who )WHNP (S (VP is n't (VP involved (PP in (NP the deal )NP )PP )VP )VP )S )SBAR )NP (VP says (SBAR (S (NP SCI TV )NP (VP needs (NP (NP (PP at (ADJP least )ADJP )PP (QP $ 50 million )QP )NP (PP of (NP new equity )NP )PP )NP (S (VP to (VP survive )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP *UNKC )NP (VP say (SBAR (S (NP they )NP (VP have (NP (NP a stick )NP (SBAR (S (VP to (VP beat (NP KKR )NP (PP with )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )S : (SINV `` (S (NP (NP The threat )NP (PP of (NP bankruptcy )NP )PP )NP (VP is (NP (NP a legitimate tool )NP '' (SBAR (S (VP to (VP *UNK (NP money )NP (PP from (NP KKR )NP )PP )VP )VP )S )SBAR )NP )VP )S , (VP says )VP (NP one big SCI TV holder )NP )SINV . )S  STOP
(S (S (NP This )NP (VP could (VP be (NP (NP the first major bankruptcy-law proceeding )NP (PP for (NP KKR )NP )PP )NP )VP )VP )S , (NP he )NP (VP adds )VP . )S  STOP
(S (NP A big *UNK- case )NP (VP might (VP (VP *UNK (NP (NP KKR 's )NP name )NP )VP , and (VP provide (NP new fuel )NP (PP for (NP (NP critics )NP (PP of (NP LBOs )NP )PP (UCP (PP in (NP Washington )NP )PP and (ADVP elsewhere )ADVP )UCP )NP )PP )VP )VP )VP . )S  STOP
(S But (NP others )NP (VP say (SBAR (S (NP junk-holders )NP (VP have (NP (NP nothing )NP (SBAR (S (VP to (VP gain (PP by (S (VP putting (NP SCI TV )NP (PP into (NP bankruptcy-law proceedings )NP )PP )VP )S )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (SBAR While (S (NP KKR )NP (VP does n't (VP control (NP SCI TV )NP (SBAR (WHNP which )WHNP (S (VP is (ADJP unusual )ADJP (PP for (NP a KKR investment )NP )PP )VP )S )SBAR )VP )VP )S )SBAR -- (NP it )NP (VP (ADVP clearly )ADVP has (NP (NP much deeper pockets )NP (PP than (NP Mr. Gillett )NP )PP )NP )VP . )S  STOP
(S (NP Bankruptcy specialists )NP (VP say (SBAR (S (NP Mr. Kravis )NP (VP set (NP (NP a *UNK )NP (PP for (S (VP putting (NP new money )NP (PP in (NP sour LBOs )NP )PP )VP )S )PP )NP )VP (ADVP recently )ADVP (SBAR (WHADVP when )WHADVP (S (NP KKR )NP (VP restructured (NP *UNKING *UNKC *UNKC )NP , (S (VP doubling (NP (NP KKR 's )NP equity stake )NP )VP )S )VP )S )SBAR )S )SBAR )VP . )S  STOP
(SINV (S But (PP with (NP *UNKC )NP )PP , (NP KKR )NP (VP was (VP (ADVP only )ADVP trying (S (VP to (VP *UNK (NP its original investment )NP )VP )VP )S )VP )VP , )S (VP says )VP (NP (NP bankruptcy investor )NP (NP (NP James *UNKC )NP (PP of (NP (NP *UNKC *UNKC Rubin )NP (PP in (NP New York )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (PP By (NP contrast )NP )PP , (NP KKR )NP (ADVP probably )ADVP (VP has (ADVP already )ADVP (VP made (NP (NP all the money )NP (SBAR (S (NP it )NP (VP can )VP )S )SBAR )NP (PP on (NP SCI TV )NP )PP )VP )VP . )S  STOP
(S And (NP (NP people )NP (SBAR (WHNP who )WHNP (S (VP know (NP Mr. Kravis )NP )VP )S )SBAR )NP (VP say (SBAR (S (NP he )NP (VP is n't (PP in (NP a *UNK (S (VP to (VP *UNK (NP more money )NP (PP into (NP SCI TV )NP )PP )VP )VP )S )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC Inc. )NP , (VP reflecting (NP strong earnings growth )NP )VP , )NP (VP boosted (NP its quarterly dividend )NP (NP 18 % )NP , (PP to (NP (NP 13 cents )NP (NP a share )NP )NP )PP (PP from (NP 11 cents )NP )PP )VP . )S  STOP
(S (NP (NP The maker )NP (PP of (NP household products )NP )PP )NP (VP said (SBAR (S (NP the new dividend )NP (VP is (ADJP payable (NP Dec. 1 )NP (PP to (NP (NP (NP shares )NP (PP of (NP record )NP )PP )NP (NP Nov. 10 )NP )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP (NP the company 's )NP board )NP (VP adopted (NP a proposal (S (VP to (VP *UNK (NP its 1986 shareholder rights plan )NP )VP )VP )S )NP , (S (VP (ADJP further )ADJP *UNKING (NP the company )NP (PP from (NP takeover )NP )PP )VP )S )VP . )S  STOP
(S (NP *UNKC officials )NP (VP said (SBAR (S (NP they )NP (VP (VP are n't (ADJP aware (PP of (NP any effort (S (VP to (VP take (PRT over )PRT (NP the company )NP )VP )VP )S )NP )PP )ADJP )VP , but (VP believed (SBAR (S (NP the shareholder plan )NP (VP needed (S (VP to (VP be (VP strengthened )VP )VP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP The board )NP (VP has (VP stated (ADVP repeatedly )ADVP (SBAR that (S (NP *UNKC )NP (VP should (VP be (ADJP independent )ADJP )VP )VP )S )SBAR )VP )VP )S , '' (VP said )VP (NP (NP Walter W. Williams )NP , (NP Rubbermaid president )NP )NP . )SINV  STOP
(S (S (NP (NP Some changes )NP (PP to (NP the plan )NP )PP )NP (VP were (NP minor adjustments )NP )VP )S , but (S (NP the most significant )NP (VP was (NP (NP an amendment )NP (SBAR (WHNP that )WHNP (S (VP provides (SBAR that (S (SBAR if (S (NP any investor )NP (VP holds (NP (NP (QP 25 % or more )QP )NP (PP of (NP (NP Rubbermaid 's )NP voting securities )NP )PP )NP )VP )S )SBAR , (NP (NP each right )NP (VP held (PP by (NP others )NP )PP )VP )NP (VP would (VP *UNK (S (NP the holder )NP (VP to (VP buy (NP (NP Rubbermaid shares )NP (PP with (NP (NP a market value )NP (PP of (NP twice (NP the right 's )NP exercise price )NP )PP )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )NP )VP )S . )S  STOP
(S (NP Mr. Williams )NP (VP said (SBAR (S (NP the exercise price )NP (VP is (NP $ 125 )NP )VP )S )SBAR , (S (VP meaning (SBAR (S (NP holders )NP (VP would (VP have (NP the right (S (VP to (VP buy (NP (NP $ 250 )NP (PP of (NP Rubbermaid stock )NP )PP )NP (PP for (NP half price )NP )PP , (S (VP *UNKING (NP (NP the investor 's )NP (ADJP 25 % )ADJP stake )NP )VP )S )VP )VP )S )NP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (PP For (NP the third quarter )NP )PP , (NP Rubbermaid )NP (VP earned (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 44 cents )NP (NP a share )NP )NP , )NP (ADVP up (NP 16 % )NP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 38 cents )NP (NP a share )NP )NP )NP , (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )VP . )S  STOP
(S (NP Sales )NP (VP rose (NP 9.7 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP Rubbermaid shares )NP (VP closed (NP yesterday )NP (PP at (NP $ *UNKN )NP )PP , (ADVP off (NP 12.5 cents )NP )ADVP , (PP in (NP New York Stock Exchange composite trading )NP )PP )VP . )S  STOP
(S (NP The stock market )NP (VP went (PP on (NP a *UNKING ride )NP )PP (SBAR as (S (NP (NP UAL )NP , (NP (NP parent )NP (PP of (NP United Airlines )NP )PP )NP , )NP (ADVP once again )ADVP (VP led (NP shares )NP (PP into (NP (NP a *UNKING decline )NP and then (NP an afternoon *UNK )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP At (NP (NP the end )NP (PP of (NP it all )NP )PP )NP )PP , (NP the Dow Jones Industrial Average )NP (VP closed (ADVP down (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )ADVP )VP . )S  STOP
(S (PP At (NP one point )NP )PP (NP yesterday morning )NP , (NP the Dow )NP (VP was (ADVP down (NP *UNKN points )NP )ADVP )VP . )S  STOP
(S (NP New York Stock Exchange volume )NP (VP was (NP *UNKN shares )NP )VP . )S  STOP
(S (NP *UNKING issues )NP (VP *UNKED (NP (NP *UNK )NP , (ADVP *UNKN to *UNKN )ADVP )NP )VP . )S  STOP
(S (NP (NP Yesterday 's )NP sell-off and rebound )NP (VP was (NP a powerful reminder (SBAR that (S (PP (NP 11 days )NP after (NP (NP the 190-point plunge )NP (PP on (NP Friday the 13th )NP )PP )NP )PP , (NP the stock market )NP (ADVP still )ADVP (VP has (NP (NP a bad case )NP (PP of (NP nerves )NP )PP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP *UNKC stock speculation )NP and (NP *UNKED program trading )NP )NP (VP drove (NP the industrial average )NP (PP through (NP wide ranges )NP )PP )VP . )S  STOP
(S And (NP there )NP (VP is (S (NP more volatility )NP (VP to (VP come )VP )VP )S )VP . )S  STOP
(SINV `` (S (NP October 13th )NP (VP left (NP us )NP (PP with (NP a cut and exposed *UNK )NP )PP )VP )S , '' (VP said )VP (NP (NP Jack *UNKC )NP , (NP (NP technical analyst )NP (PP for (NP Bear Stearns )NP )PP )NP )NP . )SINV  STOP
(S `` (NP People )NP (VP are (ADJP *UNK and sensitive )ADJP )VP . )S  STOP
(S (NP (NP Everybody 's )NP *UNK )NP (VP is (ADJP (NP one *UNK )NP closer (PP to (NP the *UNK )NP )PP )ADJP )VP . )S  STOP
(S (NP I )NP (VP have (ADVP never )ADVP (VP had (NP (NP (ADJP as many )ADJP calls )NP (SBAR as (S (NP I )NP (VP had (NP this morning )NP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (ADVP here (S (VP to (VP stay )VP )VP )S )ADVP )VP . '' )S  STOP
(S (NP The Dow Jones Industrial Average )NP (VP plunged (NP (QP about 80 )QP points )NP (PP in (NP (QP slightly more than one )QP hour )NP )PP (PP after (NP the opening *UNK )NP )PP )VP . )S  STOP
(S (PP For (NP many )NP )PP , (NP it )NP (VP began (S (VP to (VP look (PP like (NP (NP a *UNK )NP (PP of (NP Oct. 13 )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (SBAR As (S (NP (NP stocks )NP and (NP stock-index futures )NP )NP (VP fell )VP )S )SBAR , (NP a trading limit )NP (VP was (VP hit (PP in (NP the S&P 500 stock futures pit )NP )PP )VP )VP . )S  STOP
(S (PP Under (NP a *UNK- crash reform )NP )PP , (NP the Chicago Mercantile Exchange )NP (VP would n't (VP permit (S (NP the December S&P futures )NP (VP to (VP fall (ADVP further (PP than (NP (NP 12 points )NP (PP for (NP a half hour )NP )PP )NP )PP )ADVP )VP )VP )S )VP )VP . )S  STOP
(S (NP That )NP (VP caused (NP (NP a brief period )NP (PP of (NP (NP panic selling )NP (PP of (NP stocks )NP )PP )NP )PP )NP (PP on (NP the Big Board )NP )PP )VP . )S  STOP
(S But (PP at (NP a critical moment )NP )PP , (NP stock-index arbitrage traders )NP (VP showed (NP their power and control )NP )VP . )S  STOP
(S (NP They )NP (VP *UNKED (PRT up )PRT (NP (NP hundreds )NP (PP of (NP S&P futures )NP )PP )NP (SBAR (WHADVP when )WHADVP (S (NP the market )NP (VP needed (NP it )NP (ADVP most )ADVP )VP )S )SBAR )VP . )S  STOP
(S (PP At (NP about *UNKN a.m. EDT )NP )PP , (NP several big buy orders )NP (VP hit (NP the S&P pit )NP (ADVP simultaneously )ADVP , (S (VP *UNKING (NP the futures )NP (PRT up )PRT (PP (PP out (PP of (NP the trading limit )NP )PP )PP and (PP (ADVP eventually )ADVP into (NP (NP ranges )NP (SBAR (WHNP that )WHNP (S (VP caused (NP (NP computer-driven program buying )NP (PP of (NP stocks )NP )PP )NP )VP )S )SBAR )NP )PP )PP )VP )S )VP . )S  STOP
(SINV `` (S (NP (NP It )NP )NP (VP is (ADJP very clear )ADJP (SBAR that (S (NP those buy orders )NP (VP came (PP from (NP (NP people )NP (SBAR (WHNP who )WHNP (S (VP wanted (S (NP their franchise )NP (VP protected )VP )S )VP )S )SBAR )NP )PP )VP )S )SBAR )VP )S , '' (VP said )VP (NP one Chicago-based futures trader )NP . )SINV  STOP
(S `` (NP These guys )NP (VP wanted (S (VP to (VP do (NP something )NP (S (VP to (VP show (SBAR (WHADJP how powerful )WHADJP (S (NP they )NP (VP are )VP )S )SBAR )VP )VP )S )VP )VP )S )VP . '' )S  STOP
(S (NP Traders )NP (VP said (SBAR (S (NP (NP Goldman Sachs )NP , (NP Shearson Lehman Hutton )NP and (NP Salomon Brothers )NP )NP (VP were (NP (NP the main force )NP (PP behind (NP the futures buying )NP )PP )NP (PP at (NP the *UNK moment )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Shearson Lehman Hutton )NP (VP declined (S (VP to (VP comment )VP )VP )S )VP . )S  STOP
(S (NP (NP Officials )NP (PP at (NP (NP Goldman Sachs )NP and (NP Salomon Brothers )NP )NP )PP )NP (VP were (ADJP unavailable (PP for (NP comment )NP )PP )ADJP )VP . )S  STOP
(S (PP As (PP in (NP the Oct. 13 massacre )NP )PP )PP , (NP (NP yesterday morning 's )NP drop )NP (VP was (VP triggered (PP by (NP (NP bad news )NP (PP for (NP (NP speculators )NP (PP in (NP UAL )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP A UAL statement )NP (SBAR after (S (NP the market )NP (VP closed (NP Monday )NP )VP )S )SBAR (VP indicated (SBAR that (S (NP (NP the airline 's )NP board )NP (VP wanted (S (VP to (VP keep (NP the company )NP (ADJP independent )ADJP )VP )VP )S )VP )S )SBAR , (S (VP (ADVP effectively )ADVP *UNKING (NP (NP hopes )NP (PP of (NP an immediate buy-out )NP )PP )NP )VP )S )VP . )S  STOP
(S (SBAR (NP Five minutes )NP before (S (NP the Big Board )NP (VP opened )VP )S )SBAR , (NP (NP a preliminary price )NP )NP (VP was (VP *UNKED (PP for (NP UAL )NP )PP -- (PP (ADVP somewhere )ADVP between (NP 135 and 155 )NP , )PP (NP (NP a loss )NP (PP of (NP (NP as much )NP (PP as (NP (NP $ 43 )NP (NP a share )NP )NP )PP )NP )PP (PP from (NP (NP Monday 's )NP close )NP )PP )NP )VP )VP . )S  STOP
(S (NP UAL )NP (ADVP finally )ADVP (VP opened (PP for (NP trading )NP )PP (PP at (NP *UNKN a.m. )NP )PP (PP at (NP 150 )NP )PP , (ADVP down (NP $ 28 )NP )ADVP )VP . )S  STOP
(S (NP *UNKC traders )NP (VP said (SBAR (S (NP there )NP (VP was (NP (NP a huge crowd )NP (PP around (NP (NP (NP the Big Board specialist 's )NP post )NP (SBAR (WHADVP where )WHADVP (S (NP UAL )NP (VP trades )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP There )NP (VP was (NP (NP a *UNKING mass )NP (PP of (NP people )NP )PP )NP )VP )S , '' (VP said )VP (NP one floor trader )NP . )SINV  STOP
(S (S `` (ADVP Then )ADVP (NP there )NP (VP was (NP (NP a big liquidation )NP (PP of (NP stock )NP )PP )NP '' (PP across (NP the board )NP )PP )VP )S , (NP he )NP (VP added )VP . )S  STOP
(S (NP (NP Takeover speculators )NP -- (SBAR (WHNP who )WHNP (S (VP have (ADVP already )ADVP (VP taken (NP (NP a record loss )NP (VP estimated (PP at (NP (QP more than $ 700 million )QP )NP )PP )VP (PP on (NP UAL )NP )PP )NP )VP )VP )S )SBAR -- )NP (VP started (S (VP selling (NP (NP other stocks )NP (CONJP as well as )CONJP (NP S&P futures )NP )NP (PP in (NP an attempt (S (VP to (VP hedge (PP against (NP a further UAL blood *UNK )NP )PP )VP )VP )S )NP )PP )VP )S )VP . )S  STOP
(S (PP (ADVP *UNKLY )ADVP after (NP the UAL opening )NP )PP , (NP program traders )NP (VP started (S (VP selling (NP (NP stocks )NP (PP in (NP (NP the Major Market Index )NP and (NP S&P 500 index )NP )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP The *UNK- *UNKC )NP (VP *UNK (NP the Dow Jones Industrial Average )NP )VP . )S  STOP
(S (PP By (NP *UNKN a.m. )NP )PP (NP the Dow )NP (VP was (ADVP down (NP *UNKN )NP )ADVP )VP . )S  STOP
(S (NP (NP All *UNK- )NP (PP in (NP the *UNKC )NP )PP (PP except (NP (NP Exxon )NP , (NP General Motors )NP and (NP Sears )NP )NP )PP )NP (VP were (ADVP down (NP $ 1 )NP (PP to (NP $ 2 )NP )PP )ADVP )VP . )S  STOP
(S (PP At (NP (NP *UNKN )NP )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP the S&P 500 December futures contract )NP (VP *UNKED (PP to (NP a *UNK- loss )NP )PP (PP under (NP (NP the force )NP (PP of (NP sell programs )NP )PP )NP )PP )VP )S )SBAR , (S (NP S&P futures trading )NP (VP was (VP halted )VP )VP )S and (S (NP (NP program trades )NP (PP on (NP the Big Board )NP )PP )NP (VP were (VP *UNKED (PP into (NP (NP a special computer )NP (SBAR (WHNP that )WHNP (S (VP *UNK (PP for (NP order *UNK )NP )PP )VP )S )SBAR )NP )PP )VP )VP )S . )S  STOP
(S (PP Under (NP (NP the rules )NP (VP adopted (PP by (NP the Chicago Mercantile Exchange )NP )PP )VP )NP )PP , (S (NP the futures contract )NP (VP can not (VP drop (PP below (NP the limit )NP )PP )VP )VP )S , but (S (NP buyers )NP (VP can (VP purchase (NP futures )NP )VP )VP )S . )S  STOP
(S (PP At (NP this point )NP )PP , (NP the Dow industrials )NP (VP were (UCP (ADVP down (NP *UNKN points )NP )ADVP and (VP falling )VP )UCP )VP . )S  STOP
(S (S (NP (NP The trading halt )NP (PP in (NP the S&P 500 futures )NP )PP )NP (VP *UNKED (NP selling and confusion )NP )VP )S , (NP many traders )NP (VP maintain )VP . )S  STOP
(S But (SBAR as (S (NP the *UNK )NP (VP began (S (VP to (VP spread (PP through (NP the S&P pit )NP )PP )VP )VP )S )VP )S )SBAR , (NP the big brokerage firms )NP (VP (VP came (PRT in )PRT )VP and (VP bought (NP futures )NP (ADVP aggressively )ADVP )VP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP was (ADJP *UNK )ADJP )VP )S ! '' (VP said )VP (NP one futures trader )NP . )SINV  STOP
(S (PP In (NP five minutes )NP )PP , (NP the Dow industrials )NP (VP climbed (NP (QP almost 30 )QP points )NP )VP . )S  STOP
(S (NP The big futures buying )NP (VP triggered (NP (NP stock-index buy programs )NP (SBAR (WHNP that )WHNP (S (ADVP eventually )ADVP (VP trimmed (NP (NP the Dow 's )NP loss )NP (PP to (NP 31 points )NP )PP (PP by (NP 11 a.m )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Traders )NP (VP said (SBAR (S (NP the futures buying )NP (VP was (VP (ADVP *UNKLY )ADVP calculated (PP by (NP program traders )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP These firms )NP (VP (VP sold (NP stock )NP (PP into (NP the big morning decline )NP )PP )VP , but (VP (S (VP seeing (NP (NP the *UNK )NP (PP of (NP (NP the market 's )NP drop )NP )PP )NP )VP )S , (VP held (PRT back )PRT (PP on (NP (NP their offsetting purchases )NP (PP of (NP futures )NP )PP )NP )PP (SBAR until (S (NP the S&P futures )NP (VP hit (NP the trading limit )NP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (ADVP Then )ADVP (NP they )NP (VP completed (NP (NP the other side )NP (PP of (NP the trade )NP )PP )NP (PP by (NP (S (VP buying (NP futures )NP )VP )S , (SBAR (WHNP which )WHNP (S (VP (ADVP *UNKLY )ADVP halted (NP (NP the stock market 's )NP decline )NP (SBAR as (S (NP traders )NP (VP began (S (VP to (VP buy (NP stocks )NP )VP )VP )S )VP )S )SBAR )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (ADVP (PP From (NP then )NP )PP on )ADVP , (NP the Dow industrials )NP (VP held (PP at (NP (NP a loss )NP (PP of (NP (QP 40 to 50 )QP points )NP )PP )NP )PP )VP . )S  STOP
(S (ADVP Then )ADVP , (PP in (NP *UNK- trading )NP )PP , (NP (NP *UNK- buy orders )NP (PP for (NP UAL )NP )PP )NP (VP hit (NP the market )NP , (PP including (NP (NP a *UNK- order )NP (PP through (NP Bear Stearns )NP )PP (SBAR (WHNP that )WHNP (S (VP seemed (S (VP to (VP spark (NP (NP UAL 's )NP late price surge )NP )VP )VP )S )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (ADVP Almost simultaneously )ADVP , (NP PaineWebber )NP (VP began (NP (NP a (ADJP very visible )ADJP buy program )NP (PP for (NP (NP dozens )NP (PP of (NP stocks )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The combined buying )NP (VP rallied (NP the Dow )NP (PP into (NP (NP a small gain , )NP (PP before (S (VP closing (PP at (NP a slight loss )NP )PP )VP )S )PP )NP )PP )VP . )S  STOP
(S (NP Some institutional traders )NP (VP loved (NP the wild ride )NP )VP . )S  STOP
(SINV `` (S (NP This )NP (VP is (NP fun )NP )VP )S , '' (VP asserted )VP (NP (NP *UNKC *UNKC *UNKC )NP , (NP (NP head equity trader )NP (PP at (NP *UNKC Investment Management Co )NP )PP )NP )NP . )SINV  STOP
(S (NP She )NP (VP said (SBAR (S (NP she )NP (VP used (NP (NP the market 's )NP wild swings )NP (S (VP to (VP buy (NP shares )NP (ADVP *UNKLY )ADVP (PP on (NP the sell-off )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP On (NP the *UNK )NP )PP , (NP Ms. *UNKC *UNKC )NP (VP *UNKED (NP (NP shares )NP (SBAR (S (NP she )NP (VP has (VP been (VP *UNKING (S (VP to (VP get (S (ADJP rid (PP of )PP )ADJP )S )VP )VP )S )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S But (NP (NP traders )NP (SBAR (WHNP who )WHNP (S (VP risk (NP money )NP (S (VP handling (NP (NP big blocks )NP (PP of (NP stock )NP )PP )NP )VP )S )VP )S )SBAR )NP (VP were (VP *UNK )VP )VP . )S  STOP
(SINV `` (S (NP This market )NP (VP is (VP eating (PRT away )PRT (NP my youth )NP )VP )VP )S , '' (VP said )VP (NP (NP Chung *UNKC )NP , (NP (NP head equity trader )NP (PP at (NP Kleinwort Benson North America Inc )NP )PP )NP )NP . )SINV  STOP
(S `` (NP *UNKC )NP (VP sounds (ADJP *UNK )ADJP )VP . )S  STOP
(S But (NP I )NP (VP think (SBAR (S (NP we )NP (VP are (VP losing (NP credibility )NP (SBAR because (S (SBAR (WHADVP when )WHADVP (S (NP the market )NP (VP does (NP this )NP )VP )S )SBAR , (NP it )NP (VP does n't (VP present (NP itself )NP (PP as (NP a rational investment )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S But (SBAR if (S (NP you )NP (VP *UNK (NP all this )NP )VP )S )SBAR , (NP it )NP (VP is (NP (NP a *UNK market )NP (PP for (NP investment )NP )PP )NP (ADVP still )ADVP )VP . '' )S  STOP
(S (NP Traders )NP (VP attributed (NP (NP rallies )NP (PP in (NP (NP a number )NP (PP of (NP stocks )NP )PP )NP )PP )NP (PP to (NP (NP a Japanese buy program )NP (SBAR (WHNP that )WHNP (S (NP PaineWebber )NP (VP carried (PP out )PP (PP as (NP (NP part )NP (PP of (NP (NP a shift )NP (PP in (NP portfolio strategy )NP )PP )NP )PP )NP )PP )VP )S )SBAR )NP )PP , (PP according (PP to (NP Dow Jones Professional Investor Report )NP )PP )PP )VP . )S  STOP
(S (NP Dow Jones )NP (VP climbed (NP (QP 5 3\/4 )QP )NP (PP to (NP 41 )NP )PP (PP on (NP (NP (ADJP very heavy )ADJP volume )NP (PP of (NP *UNKN shares )NP )PP )NP )PP )VP . )S  STOP
(S (NP Analysts )NP (VP said (SBAR (S (NP a big Japanese buy order )NP (VP was (PP behind (NP the rise )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP A Dow Jones spokesman )NP (VP said (SBAR (S (NP there )NP (VP were (NP (NP no corporate developments )NP (SBAR (WHNP that )WHNP (S (VP would (VP account (PP for (NP the activity )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Other issues )NP (VP said (S (VP to (VP be (VP included (PP in (NP the buy program )NP )PP )VP )VP )VP )S )VP )NP (VP were (NP (NP (NP Procter & Gamble )NP , (SBAR (WHNP which )WHNP (S (VP rose (NP (QP 2 7\/8 )QP )NP (PP to (NP (QP *UNKN 1\/2 )QP )NP )PP )VP )S )SBAR )NP ; (NP (NP Atlantic *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP gained (NP 2 )NP (PP to (NP (QP 103 3\/4 )QP )NP )PP )VP )S )SBAR )NP , and (NP (NP *UNKC International )NP , (SBAR (WHNP which )WHNP (S (VP jumped (NP (QP 2 3\/4 )QP )NP (PP to (NP (QP 27 1\/8 )QP )NP )PP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (NP PaineWebber )NP (VP declined (S (VP to (VP comment )VP )VP )S )VP . )S  STOP
(S (NP UAL )NP (VP finished (PP at (NP 170 )NP )PP , (ADVP off (NP (QP 8 3\/8 )QP )NP )ADVP )VP . )S  STOP
(S (NP (NP Other airline stocks )NP )NP (VP fell (PP in (NP (NP response )NP (PP to (NP (NP the UAL board 's )NP decision (S (VP to (VP remain (ADJP independent )ADJP (PP for now )PP )VP )VP )S )NP )PP )NP )PP )VP , (PP including (NP (NP USAir Group )NP , (SBAR (WHNP which )WHNP (S (VP (ADVP separately )ADVP reported (NP (NP (NP a third-quarter loss )NP (PP of (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP )NP (PP compared (PP with (NP a year-ago profit )NP )PP )PP )NP )VP )S )SBAR )NP )PP . )S  STOP
(S (NP USAir )NP (VP fell (NP (QP 2 1\/2 )QP )NP (PP to (NP 40 )NP )PP )VP . )S  STOP
(S (S (NP (NP AMR )NP , (NP (NP the parent )NP (PP of (NP American Airlines )NP )PP )NP , )NP (VP fell (NP (QP 1 3\/4 )QP )NP (PP to (NP (QP 68 7\/8 )QP )NP )PP (PP on (NP 2.3 million shares )NP )PP )VP )S ; (S (NP Delta Air Lines )NP (VP lost (NP (QP 1 1\/2 )QP )NP (PP to (NP 66 )NP )PP )VP )S , (S (NP Southwest Airlines )NP (VP slid (NP 3\/4 )NP (PP to (NP (QP 24 1\/4 )QP )NP )PP )VP )S and (S (NP *UNKC Airlines )NP (VP dropped (NP 1\/4 )NP (PP to (NP (QP 14 7\/8 )QP )NP )PP )VP )S . )S  STOP
(S (NP (NP Texas Air )NP , (SBAR (WHNP which )WHNP (S (VP owns (NP (NP Continental )NP and (NP Eastern airlines )NP )NP )VP )S )SBAR , )NP (VP lost (NP 3\/8 )NP (PP to (NP (QP 13 1\/8 )QP )NP )PP (PP on (NP the American Stock Exchange )NP )PP )VP . )S  STOP
(S (NP *UNKC stocks )NP (ADVP also )ADVP (VP were (ADJP especially weak )ADJP , (SBAR as (S (NP (NP concerns )NP (PP about (NP (NP the earnings outlook )NP (PP for (NP cyclical companies )NP )PP )NP )PP )NP (VP *UNKED (PP on (NP the group )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP *UNKC Co. )NP (PP of (NP America )NP )PP )NP (VP dropped (NP (QP 1 1\/2 )QP )NP (PP to (NP (QP 70 1\/4 )QP )NP )PP )VP )S , (S (NP *UNKC Dodge )NP (VP fell (NP 4 )NP (PP to (NP (QP 59 7\/8 )QP )NP )PP )VP )S , (S (NP *UNKC )NP (VP lost (NP (QP 1 3\/8 )QP )NP (PP to (NP (QP 31 3\/4 )QP )NP )PP )VP )S , (S (NP Reynolds *UNKC )NP (VP slid (NP (QP 1 3\/8 )QP )NP (PP to (NP (QP 50 3\/8 )QP )NP )PP )VP )S , (S (NP *UNKC )NP (VP dropped (NP (QP 1 1\/8 )QP )NP (PP to (NP (QP 21 5\/8 )QP )NP )PP )VP )S and (S (NP *UNKC *UNKC )NP (VP *UNKED (NP 2 )NP (PP to (NP (QP 26 3\/4 )QP )NP )PP )VP )S . )S  STOP
(S (NP *UNKC *UNKC )NP (VP was (NP an exception )NP , (SBAR as (S (NP it )NP (VP gained (NP (QP 1 3\/8 )QP )NP (PP to (NP 23 )NP )PP (PP on (NP (QP two million )QP shares )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Goodyear *UNKC & *UNKC )NP (VP tumbled (NP (QP 2 7\/8 )QP )NP (PP to (NP (QP 43 7\/8 )QP )NP )PP )VP . )S  STOP
(S (NP Its third-quarter earnings )NP (VP (VP were (ADJP higher (PP than (ADVP (NP a year )NP ago )ADVP )PP )ADJP )VP , but (VP fell (ADVP short (PP of (NP expectations )NP )PP )ADVP )VP )VP . )S  STOP
(S (NP (NP Other stocks )NP (PP in (NP the Dow industrials )NP )PP (SBAR (WHNP that )WHNP (S (VP failed (S (VP to (VP benefit (PP from (NP (NP the market 's )NP rebound )NP )PP )VP )VP )S )VP )S )SBAR )NP (VP included (NP (NP (NP United Technologies )NP , (SBAR (WHNP which )WHNP (S (VP dropped (NP 1 )NP (PP to (NP (QP 53 5\/8 )QP )NP )PP )VP )S )SBAR )NP , and (NP (NP *UNKC *UNK Steel )NP , (SBAR (WHNP which )WHNP (S (VP fell (NP 1 )NP (PP to (NP (QP 16 7\/8 )QP )NP )PP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (NP BankAmerica )NP (VP dropped (NP (QP 1 1\/4 )QP )NP (PP to (NP (QP 29 1\/2 )QP )NP )PP (PP on (NP (QP 2.3 million )QP shares )NP )PP (PP amid (NP rumors (SBAR that (S (NP (NP the earthquake )NP (NP last week )NP (PP in (NP the San Francisco area )NP )PP )NP (VP had (VP caused (NP (NP structural damage )NP (PP to (NP its headquarters building )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP (VP denied (NP the rumors )NP )VP and (VP noted (SBAR that (S (NP it )NP (VP does n't (VP own (NP the building )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Stocks )NP (PP of (NP *UNKED thrifts )NP )PP )NP (ADVP also )ADVP (VP were (VP (ADVP hard )ADVP hit )VP )VP . )S  STOP
(S (S (NP Great Western Financial )NP (VP lost (NP (QP 1 1\/8 )QP )NP (PP to (NP (QP 20 1\/2 )QP )NP )PP (PP on (NP (QP 1.6 million )QP shares )NP )PP )VP )S , (S (NP Golden West Financial )NP (VP dropped (NP (QP 1 1\/4 )QP )NP (PP to (NP (QP 28 1\/2 )QP )NP )PP )VP )S and (S (NP *UNKC *UNKC )NP (VP *UNKED (NP 5\/8 )NP (PP to (NP (QP 21 1\/4 )QP )NP )PP )VP )S . )S  STOP
(S (S (NP HomeFed )NP (VP plunged (NP (QP 3 5\/8 )QP )NP (PP to (NP (QP 38 1\/2 )QP )NP )PP )VP )S ; (S (NP its third-quarter earnings )NP (VP were (ADVP down (PP from (ADVP (NP a year )NP ago )ADVP )PP )ADVP )VP )S . )S  STOP
(S (NP Golden Valley *UNKC Foods )NP (VP *UNKED (NP (QP 3 5\/8 )QP )NP (PP to (NP (QP 31 3\/4 )QP )NP )PP (PP after (S (VP warning (SBAR that (S (NP its fourth-quarter results )NP (VP could (VP be (VP hurt (PP by `` (NP some (ADJP fairly large )ADJP international marketing expenses )NP )PP )VP )VP )VP )S )SBAR )VP )S )PP )VP . '' )S  STOP
(S (NP *UNKED trading )NP (VP swelled (NP volume )NP (PP in (NP (NP two issues )NP : (NP (NP (NP Security Pacific )NP , (SBAR (WHNP which )WHNP (S (VP (VP fell (NP 7\/8 )NP (PP to (NP (QP 44 1\/2 )QP )NP )PP )VP and (VP led (NP (NP (NP the Big Board 's )NP most *UNK list )NP (PP on (NP (NP composite volume )NP (PP of (NP (QP *UNKN million )QP shares )NP )PP )NP )PP )NP )VP )VP )S )SBAR )NP , and (NP (NP *UNKC Industries )NP , (SBAR (WHNP which )WHNP (S (VP lost (NP 3\/8 )NP (PP to (NP (QP 17 3\/8 )QP )NP )PP (PP on (NP (QP 4.4 million )QP shares )NP )PP )VP )S )SBAR )NP )NP )NP )PP )VP . )S  STOP
(S (NP Both stocks )NP (VP (VP have (NP (NP dividend yields )NP (PP of (NP (QP about 5 )QP % )NP )PP )NP )VP and (VP will (VP go (NP *UNK- )NP (NP Wednesday )NP )VP )VP )VP . )S  STOP
(S (NP Kellogg )NP (VP surged (NP (QP 4 1\/4 )QP )NP (PP to (NP 75 )NP )PP )VP . )S  STOP
(S (NP Donaldson , Lufkin & Jenrette )NP (VP placed (NP the stock )NP (PP on (NP (NP its list )NP (PP of (NP recommended issues )NP )PP )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP noted (SBAR that (S (NP its third-quarter results )NP (VP should (VP be (VP released (ADVP (ADVP later (NP this week )NP )ADVP or (ADVP early (NP next week )NP )ADVP )ADVP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Chemical )NP (VP rose (NP (QP 1 3\/8 )QP )NP (PP to (NP (QP 38 5\/8 )QP )NP )PP (SBAR after (S (NP Bear Stearns )NP (VP added (NP the stock )NP (PP to (NP (NP the firm 's )NP buy list )NP )PP , (S (VP citing (NP recent price weakness )NP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Georgia Gulf )NP , (NP (NP another producer )NP (PP of (NP commodity chemicals )NP )PP )NP , )NP (VP advanced (NP 2 )NP (PP to (NP (QP 49 1\/2 )QP )NP )PP )VP )S ; (S (NP (NP Dallas investor Harold Simmons )NP , (SBAR (WHNP who )WHNP (S (VP holds (NP (NP (QP about 10 )QP % )NP (PP of (NP its shares )NP )PP )NP )VP )S )SBAR , )NP (VP said (SBAR (S (NP he )NP (VP has n't (VP raised (NP his stake )NP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP Norfolk Southern )NP (VP went (ADVP up (NP (QP 1 1\/8 )QP )NP )ADVP (PP to (NP (QP 37 7\/8 )QP )NP )PP )VP . )S  STOP
(S (NP (NP The company 's )NP board )NP (VP approved (NP (NP the repurchase )NP (PP of (NP (NP (QP up to 45 million )QP common shares )NP , or (NP (NP (QP about 26 )QP % )NP (PP of (NP (NP its shares )NP (ADJP outstanding )ADJP )NP )PP )NP )NP )PP , (PP through (NP (NP the end )NP (PP of (NP 1992 )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP climbed (NP (QP 1 1\/8 )QP )NP (PP to (NP (QP 38 1\/2 )QP )NP )PP )VP . )S  STOP
(S (NP Its third-quarter earnings )NP (VP (VP (ADVP more than )ADVP doubled (PP from (ADVP (NP a year )NP earlier )ADVP )PP )VP and (VP exceeded (NP (NP analysts ' )NP expectations )NP )VP )VP . )S  STOP
(S (NP (NP John *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP will (VP replace (NP American Medical International )NP (PP on (NP the S&P 500 )NP )PP (PP following (NP (NP Wednesday 's )NP close )NP )PP )VP )VP )S )SBAR , )NP (VP gained (NP 5\/8 )NP (PP to (NP (QP 24 1\/8 )QP )NP )PP )VP . )S  STOP
(S (NP The Amex Market Value Index )NP (VP fell (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP Volume )NP (VP totaled (NP *UNKN shares )NP )VP . )S  STOP
(S (NP *UNKC Co. )NP (VP raised (NP its quarterly dividend )NP (NP 11 % )NP (PP to (NP (NP 30 cents )NP (NP a share )NP )NP )PP (PP from (NP 27 cents )NP )PP , (ADJP payable (NP Jan. 2 , 1990 )NP , (PP to (NP (NP shares )NP (PP of (NP record )NP )PP (NP Dec. 8 , 1989 )NP )NP )PP )ADJP )VP . )S  STOP
(S (NP The action )NP (VP increases (NP the annual dividend )NP (PP to (NP (NP $ 1.20 )NP (NP a share )NP )NP )PP (PP from (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (NP This )NP (VP is (NP (NP the *UNK year )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP the Washington media company )NP (VP has (VP increased (NP dividends )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP *UNKC 's )NP third-quarter earnings )NP (VP rose (NP 11 % )NP (PP to (NP (NP 52 cents )NP (NP a share )NP )NP )PP (PP from (NP (NP 47 cents )NP (PP in (NP the year-ago period )NP )PP )NP )PP )VP . )S  STOP
(S (NP Sales )NP (VP rose (NP 2.9 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP has (NP (NP (QP *UNKN million )QP shares )NP (ADJP outstanding )ADJP )NP )VP . )S  STOP
(S (NP (NP Fireman 's )NP Fund Corp. )NP (VP said (SBAR (S (NP third-quarter net income )NP (VP plunged (NP 85 % )NP (PP to (NP (QP $ 7.2 million )QP )NP )PP (PP from (NP (NP (NP last year 's )NP (QP $ *UNKN million )QP )NP , or (NP (NP 99 cents )NP (NP a share )NP )NP , )NP )PP (PP because of (NP (NP (NP *UNK )NP (PP of (NP Hurricane Hugo )NP )PP )NP and (NP (NP increased reserves )NP (PP for (NP legal expenses )NP )PP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP preferred dividends )NP )PP )NP (VP resulted (PP in (NP (NP a net loss )NP (PP of (NP (NP five cents )NP (NP a share )NP )NP )PP )NP )PP (PP in (NP the (ADJP most recent )ADJP quarter )NP )PP )VP . )S  STOP
(S (NP Revenue )NP (VP edged (PRT up )PRT (NP 3.4 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP (PP in (NP (NP last year 's )NP third quarter )NP )PP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP , (NP Fireman 's )NP (VP closed (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP , (ADVP down (NP 50 cents )NP )ADVP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP of (NP (NP the Oct. 17 San Francisco earthquake )NP , (SBAR (WHNP which )WHNP (S (VP will (VP be (VP recorded (PP in (NP the fourth quarter )NP )PP )VP )VP )VP )S )SBAR , )NP )PP )NP (VP is n't (VP expected (S (VP to (VP exceed (NP (NP (QP $ 50 million )QP )NP (PP after (NP taxes )NP )PP )NP )VP )VP )S )VP )VP )S , (NP the company )NP (VP added )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP the insurance company )NP (VP said (SBAR (S (NP net )NP (VP fell (NP 46 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP , (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP (NP the previous year )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Revenue )NP (VP slid (NP 7 % )NP (PP to (NP (QP $ 2.6 billion )QP )NP )PP (PP from (NP (NP (QP $ 2.8 billion )QP )NP (ADVP (NP a year )NP earlier )ADVP )NP )PP )VP . )S  STOP
(S (NP (NP Fireman 's )NP Fund *UNK- subsidiaries )NP (VP reported (NP a (ADJP *UNKN % )ADJP combined underwriting ratio )NP (PP for (NP the nine months )NP )PP , (ADVP up (PP from (NP *UNKN % )NP (PP for (NP the year-ago period )NP )PP )PP )ADVP )VP . )S  STOP
(S (NP Hurricane Hugo )NP (VP accounted (PP for (NP (NP (NP (QP about $ 36 million )QP )NP (PP in (NP pretax third-quarter losses )NP )PP )NP , (NP (NP net )NP (PP of (NP reinsurance *UNK )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP there )NP (VP was (NP (NP (NP an additional increase )NP (PP in (NP (NP loss )NP and (NP *UNK- reserves )NP )NP )PP (PP of (NP (QP $ 71 million )QP )NP )PP )NP (VP reflecting (NP (NP `` (ADJP higher than expected )ADJP '' development )NP (PP in (NP claims )NP (X legal expenses from to prior periods )X )PP )NP )VP )NP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP the third quarter )NP )PP , (NP net premiums )NP (VP were (NP (QP $ *UNKN million )QP )NP , (ADVP up (NP 9.6 % )NP (PP from (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP (NP last year 's )NP quarter )NP )PP )NP )PP )ADVP , (PP because of (NP (NP the expiration )NP (PP of (NP the National *UNKC *UNK share reinsurance agreement )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP (NP Net premiums )NP (VP written (PP through (NP Sept. 30 )NP )PP )VP )NP (VP fell (NP 5 % )NP (PP to (NP (QP $ 2.1 billion )QP )NP )PP (PP from (NP (NP (QP $ 2.2 billion )QP )NP (ADVP (NP a year )NP ago )ADVP )NP )PP , (PP because of (NP (NP the writing )NP (PP of (NP fewer policies )NP )PP (PP at (NP flat prices )NP )PP )NP )PP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP Third-quarter and nine-month results )NP (VP do n't (VP include (NP (NP any provision )NP (PP for (NP (NP premium returns )NP (SBAR (WHNP that )WHNP (S (VP could (VP be (VP ordered (PP by (NP (NP the California Department )NP (PP of (NP Insurance )NP )PP )NP )PP (PP under (NP *UNKC 103 )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Fireman 's )NP Fund )NP (VP said (SBAR (S (NP it )NP (VP (VP has (VP applied (PP for (NP (NP an exemption )NP (PP from (NP these rate *UNK )NP )PP )NP )PP )VP )VP , and (VP plans (S (VP to (VP defend (NP its filing )NP (PP in (NP (NP hearings )NP (PP before (NP the department )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC *UNKC Corp. )NP (VP said (SBAR (S (NP it )NP (VP is (VP offering (S (VP to (VP purchase (NP (NP the (ADJP (QP $ *UNKN million )QP )ADJP amount )NP (PP of (NP (NP its (ADJP (QP 12 3\/4 )QP % )ADJP senior notes )NP (ADJP due (NP June 15 , 1991 )NP )ADJP )NP )PP )NP , (PP at (NP par )NP )PP , (PP plus (NP (NP (ADJP accrued )ADJP interest )NP (PP to (NP the Dec. 8 purchase date )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The Minneapolis computer systems and services concern )NP (VP said (SBAR (S (NP the offer )NP (VP is (VP required (PP under (NP the senior note *UNK )NP )PP (PP as (NP (NP a result )NP (PP of (NP (NP (NP Control Data 's )NP recent sale )NP (PP of (NP (NP its disk drive subsidiary )NP , (NP *UNKC )NP , )NP )PP (PP to (NP *UNKC Technology Inc )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(NP (NP *UNKC 's )NP *UNKC )NP  STOP
(S (S (S (NP There )NP (VP was (NP (ADJP very slow )ADJP play )NP (PP on (NP the market )NP )PP (NP today )NP )VP )S , (S (NP They )NP (VP were (VP selling and buying (PP by (NP *UNK )NP )PP )VP )VP )S )S ; (S (PP Instead of (S (VP trading (PP like (NP *UNKC and *UNKC )NP )PP )VP )S )PP , (NP They )NP (VP *UNKED (PP like (NP *UNK and *UNK )NP )PP )VP )S . )S  STOP
(NP -- George O. *UNKC . )NP  STOP
(NP *UNKC )NP  STOP
(S (NP I )NP (VP 've (VP learned (NP (NP one thing )NP )NP (PP from (NP candidates )NP )PP , (NP (NP (NP A technique )NP (VP (ADVP so *UNKLY )ADVP done )VP )NP : (S (SBAR If (S (NP a question )NP (VP ca n't (VP be (VP *UNKED )VP )VP )VP )S )SBAR , (VP (ADVP *UNKLY )ADVP answer (NP an *UNKED one )NP )VP )S )NP )VP )VP ! )S  STOP
(NP -- *UNKC *UNKC . )NP  STOP
(NP *UNKC )NP  STOP
(S (NP We )NP (VP need (S (VP to (VP get (S (NP a space platform )NP (VP set (PRT up )PRT (ADVP soon )ADVP )VP )S )VP )VP -- (SBAR just in case (S (NP we )NP (VP want (S (VP to (VP step (PRT out )PRT (PP for (NP (NP a *UNK )NP (PP of (NP fresh air )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )S )VP . )S  STOP
(NP -- *UNKC *UNKC . )NP  STOP
(S (PP After (S (VP being (VP *UNKED (PP by (NP a volatile stock market )NP )PP )VP )VP )S )PP , (NP Treasury bonds )NP (VP closed (ADVP higher )ADVP )VP . )S  STOP
(S But (NP junk bonds )NP (VP took (NP more hits )NP )VP . )S  STOP
(S (ADVP Early (PP in (NP the day )NP )PP )ADVP , (NP bond dealers )NP (VP said (SBAR (S (NP trading volume )NP (VP was (ADJP heavy )ADJP (SBAR as (S (NP large institutional investors )NP (VP scrambled (S (VP to (VP buy (NP long-term Treasury bonds )NP (PP on (NP speculation (SBAR that (S (NP (NP the stock market 's )NP volatility )NP (VP would (VP lead (PP to (NP a `` *UNK- '' rally )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP happens (SBAR (WHADVP when )WHADVP (S (NP nervous stock investors )NP (VP (VP dump (NP equities )NP )VP and (VP buy (NP (NP Treasurys )NP , (SBAR (WHNP which )WHNP (S (VP are (UCP (ADJP higher (PP in (NP quality )NP )PP )ADJP and (VP (ADVP thus )ADVP considered (S (ADJP safe )ADJP )S )VP )UCP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP (NP Some retail accounts )NP , (PP such as (NP (NP commercial banks )NP and (NP pension funds )NP )NP )PP , )NP (VP wanted (S (VP to (VP get (PP on (NP the *UNK )NP )PP (SBAR before (S (NP it )NP (VP was (ADJP too late )ADJP )VP )S )SBAR )VP )VP )S )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC *UNKC )NP , (NP (NP chief economist )NP (PP at (NP (NP *UNKC Corp. )NP , (NP Minneapolis )NP )NP )PP )NP )NP . )SINV  STOP
(S (PP At (NP one point )NP )PP , (NP the Dow Jones Industrial average )NP (VP fell (NP (QP about 80 )QP points )NP (PP on (NP news (SBAR that (S (NP UAL Corp. )NP (VP decided (S (VP to (VP remain (ADJP independent )ADJP )VP )VP )S )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP In (NP response )NP )PP , (NP Treasury prices )NP (VP soared (NP (NP (QP 1 1\/8 )QP points )NP , or (NP (NP (QP about $ *UNKN )QP )NP (PP for (NP each (ADJP $ 1,000 )ADJP face amount )NP )PP )NP )NP )VP . )S  STOP
(S But (NP (NP the gains )NP (PP in (NP Treasury bonds )NP )PP )NP (VP were (VP *UNKED (SBAR as (S (NP stocks )NP (VP *UNKED (NP a partial recovery )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The industrial average )NP (VP ended (PP at (NP *UNKN )NP )PP , (ADVP down (NP *UNKN points )NP )ADVP )VP . )S  STOP
(S (NP Economists )NP (VP said (SBAR (S (NP (NP the bond market 's )NP strength )NP (ADVP also )ADVP (VP is (NP a sign (SBAR that (S (NP investors )NP (VP expect (S (NP the Federal Reserve )NP (VP to (VP cut (NP interest rates )NP (PP amid (NP growing evidence (SBAR that (S (NP the economy )NP (VP is (VP slowing )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (SBAR While (S (NP they )NP (VP do n't (VP expect (S (NP the Fed )NP (VP to (VP move (ADVP right away )ADVP )VP )VP )S )VP )VP )S )SBAR , (NP they )NP (VP say (SBAR (S (NP (NP the case )NP (PP for (NP lower rates )NP )PP )NP (VP is (VP building )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Yesterday )NP , (PP for (NP example )NP )PP , (NP the Commerce Department )NP (VP reported (SBAR that (S (NP (NP new orders )NP (PP for (NP durable goods )NP )PP )NP (VP fell (NP 0.1 % )NP )VP )S )SBAR , (SBAR while (S (NP (NP the nation 's )NP auto makers )NP (VP reported (NP lackluster mid-October sales )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The Treasury 's )NP 30-year bond )NP (VP ended (ADVP (NP (QP over 1\/4 )QP point )NP higher )ADVP )VP . )S  STOP
(S (NP (ADJP Municipal , mortgage-backed and investment-grade )ADJP corporate bonds )NP (VP rose (NP 1\/8 )NP (PP to (NP 1\/2 point )NP )PP )VP . )S  STOP
(S But (NP (ADJP high-yield , high-risk )ADJP bonds )NP (VP (VP fell (NP 1\/4 )NP (PP to (NP 1\/2 point )NP )PP (PP with (NP the stock market )NP )PP (ADVP early (PP in (NP the session )NP )PP )ADVP )VP and (VP (ADVP never )ADVP recovered )VP )VP . )S  STOP
(S (PP According (PP to (NP (NP a trader )NP (PP at (NP Drexel Burnham Lambert Inc. )NP )PP )NP )PP )PP , (NP the (ADJP hardest hit )ADJP junk bonds )NP (VP were (NP (NP (NP those )NP (VP issued (PP by (NP RJR Holdings Capital Corp. )NP )PP )VP )NP , (SBAR (WHNP which )WHNP (S (VP are (NP the *UNK (S (VP to (VP sell )VP )VP )S )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP (NP RJR 's )NP (ADJP *UNKN % )ADJP bonds )NP (ADJP due (NP *UNKN )NP )ADJP )NP (VP fell (NP 2 1\/2 points )NP )VP . )S  STOP
(S (NP (NP Trading activity )NP (PP in (NP the junk market )NP )PP )NP (VP was (ADJP extremely light )ADJP (SBAR as (S (NP dealers )NP (VP could n't (VP find (NP (NP enough buyers )NP (SBAR (S (VP to (VP match (NP sellers )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (SBAR While (S (NP the stock market )NP (VP was (VP falling )VP )VP )S )SBAR , (NP most -LCB- junk bond holders -RCB- )NP (VP were (VP (ADVP just )ADVP watching (NP it )NP (S (VP not knowing (SBAR (WHNP what )WHNP (S (VP to (VP do )VP )VP )S )SBAR )VP )S )VP )VP )S , '' (VP said )VP (NP (NP Paul *UNKC )NP , (NP (NP director )NP (PP of (NP fixed-income securities )NP )PP (PP at (NP Oppenheimer Management Corp )NP )PP )NP )NP . )SINV  STOP
(S `` (NP It )NP (VP was (PP like (S (VP driving (PP down (NP the highway )NP )PP (S (VP watching (NP a *UNK )NP )VP )S )VP )S )PP )VP . )S  STOP
(S (NP Everybody )NP (VP was (VP *UNKING )VP )VP . '' )S  STOP
(SINV (VP *UNKING (PP to (NP (NP the junk market 's )NP *UNK )NP )PP )VP (VP were )VP (NP reports (SBAR that (S (NP Donaldson , Lufkin & Jenrette Securities Corp. )NP (VP (VP is (VP having (NP trouble )NP (S (VP *UNKING (NP (NP a (ADJP (QP $ 1.6 billion )QP )ADJP offering )NP (PP for (NP TW Food Services Inc. )NP )PP )NP )VP )S )VP )VP and (VP will (VP (VP postpone )VP or (VP (ADVP even )ADVP cancel )VP (NP the issue )NP )VP )VP )VP )S )SBAR )NP . )SINV  STOP
(S (NP TW )NP (VP (VP is (NP (NP the largest franchisee )NP (PP of (NP (NP (NP *UNKC 's )NP )NP , (NP a fast-food restaurant )NP , )NP )PP )NP )VP and (VP operates (NP several other food chains )NP )VP )VP . )S  STOP
(S (NP Donaldson Lufkin )NP (VP would n't (VP comment )VP )VP . )S  STOP
(S (NP Credit analysts )NP (VP said (SBAR (S (NP investors )NP (VP are (ADJP nervous (PP about (NP the issue )NP )PP )ADJP (SBAR because (S (NP they )NP (VP say (SBAR (S (NP (NP the company 's )NP ability (S (VP to (VP meet (NP debt payments )NP )VP )VP )S )NP (VP is (ADJP dependent (PP on (NP (NP too many *UNK )NP , (PP including (NP (NP (NP the sale )NP (PP of (NP assets )NP )PP )NP and (NP the need (S (VP to (VP mortgage (NP property )NP (S (VP to (VP retire (NP some existing debt )NP )VP )VP )S )VP )VP )S )NP )NP )PP )NP )PP )ADJP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (ADVP Also )ADVP , (NP the TW offering )NP (VP includes (NP (NP (ADJP *UNKED and *UNK- )ADJP securities )NP , (SBAR (WHNP which )WHNP (S (VP are (ADVP currently )ADVP (ADJP unpopular )ADJP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP investors )NP (VP turned (NP a cold *UNK )NP (PP to (NP (NP (NP the Treasury 's )NP sale )NP (PP of (NP (NP (QP $ 10 billion )QP )NP (PP of (NP new two-year notes )NP )PP )NP )PP (NP yesterday )NP )NP )PP )VP . )S  STOP
(SINV `` (S (NP (NP It )NP )NP (VP 's not (ADJP too surprising )ADJP (SBAR that (S (NP the auction )NP (VP was (ADJP *UNK )ADJP )VP )S )SBAR , (S (VP given (NP (NP the volatility )NP (PP in (NP the bond market )NP )PP (PP because of (NP stocks )NP )PP )NP )VP )S )VP )S , '' (VP said )VP (NP (NP Robert T. *UNKC )NP , (NP (NP a senior vice president )NP (PP at (NP *UNKC Bank Ltd )NP )PP )NP )NP . )SINV  STOP
(S `` (S (NP People )NP (VP are (VP looking (PP past (NP supply )NP )PP (PP to (NP lower interest rates )NP )PP )VP )VP )S , but (S (NP they )NP (VP 're (ADVP also )ADVP (ADJP worried (PP about (S (VP being (VP *UNKED (PP by (NP (NP the volatility )NP (PP in (NP the stock market )NP )PP )NP )PP )VP )VP )S )PP )ADJP )VP )S . '' )S  STOP
(S (NP The new two-year notes )NP (VP were (VP priced (PP with (NP (NP an average yield )NP (PP of (NP *UNKN % )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP That )NP (VP was (ADJP higher (PP than (NP (NP the (ADJP (QP *UNKN % to *UNKN )QP % )ADJP average yield )NP (SBAR (WHNP that )WHNP (S (NP traders )NP (VP had (VP expected )VP )VP )S )SBAR )NP )PP )ADJP )VP . )S  STOP
(S (PP In (NP *UNKED trading )NP )PP , (NP the notes )NP (VP were (VP quoted (PP at (NP (NP a price )NP (SBAR (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC demand )NP (VP was (ADVP also )ADVP (VP *UNKED (PP by (NP (NP the weak *UNKN *UNK- ratio )NP , (SBAR (WHNP which )WHNP (S (VP was (ADJP lower (PP than (NP (NP the average *UNKN ratio )NP (PP at (NP the last 12 similar *UNK )NP )PP )NP )PP )ADJP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP The ratio )NP , (SBAR (WHNP which )WHNP (S (VP reflects (NP (NP the number )NP (PP of (NP bids )NP )PP (SBAR (S (NP the Treasury )NP (VP receives (PP for (NP (NP each bid )NP (VP accepted )VP )NP )PP )VP )S )SBAR )NP )VP )S )SBAR , )NP (VP is (VP used (S (VP to (VP gauge (NP investor demand )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Dealers )NP (VP said (SBAR (S (NP players )NP (VP *UNKED (PRT away )PRT (PP from (NP the note sale )NP )PP (SBAR because (S (NP they )NP (VP were (ADJP concerned (SBAR that (S (NP (NP prices )NP (PP at (NP (NP the time )NP (PP of (NP the auction )NP )PP )NP )PP )NP (VP might (VP erode (SBAR if (S (NP the stock market )NP (VP (VP *UNKED (NP a recovery )NP )VP , (SBAR (WHNP which )WHNP , (S (PP in (NP fact )NP )PP , (VP did (VP happen )VP )VP )S )SBAR )VP )S )SBAR )VP )VP )S )SBAR )ADJP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Individual and Japanese participation )NP (PP in (NP the auction )NP )PP )NP (VP was (ADJP disappointing )ADJP , (PP according (PP to (NP dealers )NP )PP )PP )VP . )S  STOP
(SINV `` (S (NP (NP Interest )NP (PP by (NP Japanese investors )NP )PP )NP (VP was (ADJP limited )ADJP )VP )S , '' (VP said )VP (NP (NP Michael *UNKC )NP , (NP (NP chief economist )NP (PP at (NP Daiwa Securities America Inc )NP )PP )NP )NP . )SINV  STOP
(S `` (S (NP They )NP (VP are (ADVP typically )ADVP (ADJP not active (PP in (NP two-year note *UNK )NP )PP )ADJP )VP )S , but (S (NP (NP today 's )NP participation )NP (VP could (VP be (VP viewed (PP as (ADJP *UNK- )ADJP )PP )VP )VP )VP )S . '' )S  STOP
(S (ADVP However )ADVP , (NP Mr. *UNKC )NP (VP added (SBAR that (S (NP the Japanese )NP (ADVP generally )ADVP (VP have (NP (NP a positive view )NP (PP of (NP the U.S. bond market )NP )PP )NP (PP because of (NP expectations (SBAR that (S (S (NP the dollar )NP (VP will (VP remain (ADJP strong )ADJP )VP )VP )S and (S (NP interest rates )NP (VP will (VP decline )VP )VP )S )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said , `` (S (ADVP *UNKLY )ADVP , (NP they )NP (VP 're (VP waiting (S (VP to (VP buy (PP at (NP (NP (NP the (PRN -LRB- quarterly -RRB- )PRN refunding '' )NP (PP of (NP government debt )NP )PP )NP (SBAR (S (VP to (VP be (VP held (NP next month )NP (PP by (NP the Treasury )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP (NP A trader )NP (PP at (NP a Japanese firm )NP )PP )NP (VP estimated (SBAR that (S (NP the Japanese )NP (VP purchased (NP (NP (QP no more than 10 )QP % )NP (PP of (NP the two-year notes )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(NP Treasury , Agency Securities )NP  STOP
(S (NP Today )NP (NP investors )NP (VP will (VP focus (PP on (NP (NP the *UNKED auction )NP (PP of (NP (NP (QP $ 4.5 billion )QP )NP (PP of (NP 30-year bonds )NP )PP )NP )PP (PP by (NP Resolution Funding Corp )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The initial bond offering )NP (PP by (NP (NP the new government agency )NP , (SBAR (WHNP which )WHNP (S (VP was (VP created (S (VP to (VP help (VP rescue (NP (NP the nation 's )NP troubled thrifts )NP )VP )VP )VP )S )VP )VP )S )SBAR , )NP )PP )NP (VP is n't (VP expected (S (VP to (VP see (NP robust demand )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP (NP A small yield premium )NP (PP over (NP comparable Treasurys )NP )PP )NP and (NP (NP a lack )NP (PP of (NP liquidity )NP )PP )NP )NP (VP is (VP *UNKING (NP (NP dealers ' )NP efforts (S (VP to (VP *UNK (PRT up )PRT (NP (NP interest )NP (PP in (NP the so-called bailout bonds )NP )PP )NP )VP )VP )S )NP )VP )VP . )S  STOP
(S (PP In (NP *UNKED trading )NP )PP , (NP the *UNKC bonds )NP (VP were (VP quoted (PP at (NP (NP a price )NP (SBAR (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP Yesterday )NP , (NP the benchmark 30-year bond )NP (VP was (VP quoted (ADVP late )ADVP (PP at (NP (NP (NP 102 *UNKN )NP (SBAR (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )SBAR )NP , (PP compared (PP with (NP (NP 102 *UNKN )NP (SBAR (S (VP to (VP yield (NP 7.93 % )NP (PP on (NP Monday )NP )PP )VP )VP )S )SBAR )NP )PP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The latest 10-year Treasury )NP (VP was (VP quoted (PP at (NP (NP (NP 100 *UNKN )NP (SBAR (S (VP to (VP yield (NP 7.88 % )NP )VP )VP )S )SBAR )NP , (PP compared (PP with (NP (NP 100 *UNKN )NP (SBAR (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )SBAR )NP )PP )PP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC rates )NP (VP were (ADJP unchanged (PP to (ADJP slightly lower )ADJP )PP )ADJP )VP . )S  STOP
(S (NP (NP The discount rate )NP (PP on (NP three-month Treasury bills )NP )PP )NP (VP was (VP quoted (PP at (NP (NP 7.52 % )NP (PP for (NP (NP a *UNK- yield )NP (PP of (NP *UNKN % )NP )PP )NP )PP )NP )PP , (SBAR while (S (NP (NP the rate )NP (PP on (NP six-month Treasury bills )NP )PP )NP (VP was (VP quoted (PP at (NP (NP *UNKN % )NP (PP for (NP (NP a yield )NP (PP of (NP *UNKN % )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP are (VP determined (PP by (NP (NP the difference )NP (PP between (NP (NP the purchase price )NP and (NP face value )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (ADVP Thus )ADVP , (NP higher bidding )NP (VP *UNK (NP (NP the investor 's )NP return )NP (SBAR while (S (NP lower bidding )NP (VP *UNK (NP it )NP )VP )S )SBAR )VP . )S  STOP
(NP Corporate Issues )NP  STOP
(S (NP Several blue-chip companies )NP (VP *UNKED (NP the *UNK- market )NP (NP yesterday )NP (S (VP to (VP take (NP advantage )NP (PP of (NP falling interest rates )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP Three )NP (PP of (NP (NP the largest offerings , )NP (PP by (NP (NP Exxon Capital Corp. )NP , (NP Xerox Corp. )NP and (NP Citicorp )NP )NP )PP , )NP )PP )NP (VP were (VP *UNK (PP by (NP (NP groups )NP (VP led (PP by (NP Salomon Brothers Inc )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Exxon Capital )NP , (ADJP *UNKED (S (VP to (VP be (NP a potential debt *UNK )NP )VP )VP )S )ADJP , )NP (VP offered (NP (NP (QP $ 200 million )QP )NP (PP of (NP (NP 10-year notes )NP (VP priced (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )NP )PP )NP )VP . )S  STOP
(S (S (NP Citicorp )NP (VP issued (NP (NP (QP $ 200 million )QP )NP (PP of (NP (NP seven-year notes )NP (VP priced (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )NP )PP )NP )VP )S , and (S (NP Xerox )NP (VP priced (NP (NP (QP $ 150 million )QP )NP (PP of (NP *UNK- notes )NP )PP )NP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )S . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP International Business Machines Corp. )NP (VP *UNKED (NP (NP the way )NP (PP for (NP (NP a visit )NP (PP to (NP the credit markets )NP )PP )NP )PP )NP (PP by (S (VP filing (NP (NP a shelf registration )NP )NP (PP with (NP the Securities and Exchange Commission )NP )PP (PP for (NP (NP (QP $ 800 million )QP )NP (PP in (NP new debt )NP )PP )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP This )NP (VP is (PP in (NP (NP addition )NP (PP to (NP (NP (NP IBM 's )NP existing shelf registration )NP (SBAR (WHPP under (WHNP which )WHNP )WHPP (S (NP (NP (QP $ 200 million )QP )NP (PP in (NP debt securities )NP )PP )NP (VP are (ADJP available (PP for (NP issuance )NP )PP )ADJP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP secondary trading )NP )PP , (NP investment-grade corporate bonds )NP (VP ended (ADVP (NP (QP 1\/8 to 1\/4 )QP )NP higher )ADVP )VP . )S  STOP
(NP *UNKC )NP  STOP
(S (NP (ADJP *UNKLY traded )ADJP municipal bonds )NP (VP ended (ADVP (NP (QP 1\/4 to 1\/2 )QP point )NP higher )ADVP (PP in (NP brisk trading )NP )PP , (PP despite (NP (NP a *UNK )NP (PP of (NP new supply )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP (NP New Jersey *UNKC Authority 's )NP (ADJP 7.20 % )ADJP issue )NP (PP of (NP *UNKN )NP )PP )NP (VP finished (ADVP (NP 1\/4 point )NP stronger )ADVP (PP at (NP (NP (QP 98 1\/2 )QP bid )NP , (SBAR (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Traders )NP (VP said (SBAR (S (NP municipals )NP (VP were (VP *UNKED (PP by (NP (NP *UNK )NP (PP including (NP (NP the climb )NP (PP in (NP Treasury issue prices )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (ADVP Also )ADVP , (NP municipal bonds )NP (VP *UNKED (NP buying )NP (SBAR because (S (NP the stock market )NP (VP remains (ADJP *UNKLY )ADJP )VP )S )SBAR )VP )S , (NP traders )NP (VP contended )VP . )S  STOP
(S (S (ADVP *UNKLY )ADVP , (ADVP though )ADVP , (NP it )NP (VP was (NP (NP a favorable outlook )NP (PP for (NP (NP (NP yesterday 's )NP new supply )NP (SBAR (WHNP that )WHNP (S (VP *UNKED (PRT up )PRT (NP municipals )NP )VP )S )SBAR )NP )PP )NP )VP )S , (NP some traders )NP (VP said )VP . )S  STOP
(SINV (PP Among (NP the new issues )NP )PP (VP was )VP (NP (NP (NP Massachusetts 's )NP (QP $ 230 million )QP )NP (PP of (NP general obligation bonds )NP )PP )NP . )SINV  STOP
(S (NP The bonds )NP (VP were (VP won (PP by (NP a Goldman , Sachs & Co. group )NP )PP (PP with (NP (NP a true interest cost )NP (PP of (NP *UNKN % )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP They )NP (VP were (VP priced (S (VP to (VP yield (PP (PP from (NP *UNKN % )NP (PP in (NP 1990 )NP )PP )PP (PP to (NP 7.20 % )NP (PP in (NP 2009 )NP )PP )PP )PP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP The Massachusetts deal )NP (VP had (NP (NP an *UNK balance )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP (PP in (NP late trading )NP )PP )VP )S , (NP the underwriter )NP (VP said )VP . )S  STOP
(NP (ADJP Mortgage - , *UNKED )ADJP Securities )NP  STOP
(S (NP Mortgage securities )NP (VP gained (NP (QP *UNKN to *UNKN )QP point )NP (PP after (NP a *UNK session )NP )PP , (PP with (NP (NP Government National Mortgage Association (ADJP 8 % )ADJP securities )NP (PP as (NP the *UNK issue )NP )PP )NP )PP )VP . )S  STOP
(S (NP The Ginnie Mae issue )NP (VP rose (PP amid (NP (NP talk )NP (PP of (NP (NP large purchases )NP (PP of (NP the securities )NP )PP (PP by (NP institutional investors )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP The derivative markets )NP (VP remained (ADJP active )ADJP (SBAR as (S (S (NP one new issue )NP (VP was (VP priced )VP )VP )S and (S (NP (NP talk )NP )NP (VP *UNKED (PP about (NP (NP more offerings )NP (PP in (NP the next day or two )NP )PP )NP )PP )VP )S )S )SBAR )VP . )S  STOP
(S (NP The Federal Home Loan Mortgage Corp. )NP (VP issued (NP (NP a (ADJP (QP $ 500 million )QP )ADJP real estate mortgage investment *UNK )NP (VP backed (PP by (NP its (ADJP (QP 8 1\/2 )QP % )ADJP securities )NP )PP )VP )NP )VP . )S  STOP
(S (PP In (NP the asset-backed market )NP )PP , (NP (NP a big offering )NP (PP of (NP Ford Motor Credit Corp . *UNK- securities )NP )PP )NP (VP was (VP increased (PP in (NP size )NP )PP (PP after (NP strong institutional demand )NP )PP )VP )VP . )S  STOP
(S (NP (NP The deal )NP (PP by (NP the Ford Motor Co. unit )NP )PP , (VP priced (NP Monday )NP )VP , )NP (VP was (VP increased (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP )VP . )S  STOP
(S (PP Among (NP major *UNK- issues )NP )PP , (S (NP (NP Ginnie Mae (ADJP 9 % )ADJP securities )NP (PP for (NP November delivery )NP )PP )NP (VP ended (PP at (NP 98 *UNKN )NP )PP , (ADVP up (NP *UNKN )NP )ADVP , (PP after (S (VP *UNKING (NP (NP an early high )NP (PP of (NP 98 *UNKN )NP )PP )NP )VP )S )PP )VP )S ; (S (S (NP (ADJP 8 % )ADJP securities )NP (VP were (PP at (NP *UNK *UNKN )NP )PP , (ADVP up (NP *UNKN )NP )ADVP )VP )S ; (S (NP (ADJP (QP 9 1\/2 )QP % )ADJP securities )NP (PP at (NP 100 *UNKN )NP )PP , (ADVP up (NP *UNKN )NP )ADVP )S ; and (S (NP (ADJP 10 % )ADJP securities )NP (PP at (NP 102 *UNKN )NP )PP , (ADVP up (NP *UNKN )NP )ADVP )S )S . )S  STOP
(S (NP Freddie Mac (ADJP 9 % )ADJP securities )NP (VP were (PP at (NP 97 *UNKN )NP )PP , (ADVP up (NP *UNKN )NP )ADVP )VP . )S  STOP
(S (NP The Ginnie Mae (ADJP 9 % )ADJP issue )NP (VP was (VP yielding (NP *UNKN % )NP (PP to (NP a *UNK- average life assumption )NP )PP , (SBAR as (S (NP (NP the spread )NP (PP above (NP the Treasury 10-year note )NP )PP )NP (VP held (PP at (NP *UNKN percentage points )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(NP Foreign Bonds )NP  STOP
(S (NP The *UNKC bond market )NP (VP *UNK (PP to (NP life )NP )PP (ADVP late (PP in (NP the European trading session )NP )PP )ADVP (SBAR after (S (NP the Dow Jones Industrial Average )NP (VP tumbled )VP )S )SBAR )VP . )S  STOP
(S (S (NP *UNKC bonds )NP (VP are (ADVP often )ADVP (VP issued (PP by (NP foreign corporations )NP )PP )VP )VP )S , but (S (NP interest and principal )NP (VP are (VP paid (PP in (NP dollars )NP )PP )VP )VP )S . )S  STOP
(S (NP The bonds )NP (VP ended (ADVP (NP (QP about 1\/2 )QP point )NP higher )ADVP (NP yesterday )NP )VP . )S  STOP
(S (NP (NP Prices )NP (PP of (NP European government bonds )NP )PP )NP (ADVP also )ADVP (VP rose (SBAR as (S (NP U.S. stocks )NP (VP declined )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP West Germany 's )NP (ADJP 7 % )ADJP issue )NP (ADJP due (NP October 1999 )NP )ADJP )NP (VP rose (NP *UNKN point )NP (PP to (NP *UNKN )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S , (SBAR while (S (NP (NP the (ADJP (QP 6 3\/4 )QP % )ADJP issue )NP (ADJP due (NP July 1994 )NP )ADJP )NP (VP rose (NP *UNKN )NP (PP to (NP *UNKN )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP Britain 's )NP (ADJP (QP 11 3\/4 )QP % )ADJP Treasury bond )NP (ADJP due (NP *UNKN )NP )ADJP )NP (VP rose (NP *UNKN )NP (PP to (NP *UNKN *UNKN )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S , (SBAR while (S (NP (NP the (ADJP 12 % )ADJP notes )NP (ADJP due (NP 1995 )NP )ADJP )NP (VP rose (NP *UNKN )NP (PP to (NP *UNKN *UNKN )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP Japan )NP )PP , (NP government bond prices )NP (VP fell )VP . )S  STOP
(S (NP (NP The No. 111 (ADJP 4.6 % )ADJP bond )NP (ADJP due (NP 1998 )NP )ADJP )NP (VP ended (PP on (NP (NP brokers ' )NP screens )NP )PP (PP at (NP *UNKN )NP )PP , (ADVP down (NP *UNKN point )NP )ADVP , (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC *UNKC Inc. )NP , (NP (NP *UNKC )NP , (NP N.Y. )NP )NP , )NP (VP said (SBAR (S (NP it )NP (VP increased (NP its regular quarterly dividend )NP (NP 50 % )NP , (PP to (NP (NP 15 cents )NP (NP a share )NP )NP )PP (PP from (NP 10 cents )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP is (ADJP payable (NP Dec. 10 )NP (PP to (NP (NP stock )NP (PP of (NP record )NP )PP (NP Nov. 24 )NP )NP )PP )ADJP )VP . )S  STOP
(S (S (NP The move )NP (VP was (VP made (PP because of (NP (NP the bank-holding company 's )NP increased profitability )NP )PP )VP )VP )S , (NP officials )NP (VP said )VP . )S  STOP
(S (PP In (NP the third quarter )NP )PP , (NP *UNKC )NP (VP earned (NP (QP $ 2 million )QP )NP , (ADVP up (PP from (NP (QP $ 1.8 million )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )VP . )S  STOP
(S (PP In (NP national over-the-counter trading )NP )PP (NP yesterday )NP , (NP *UNKC )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP up (NP 12.5 cents )NP )ADVP )VP . )S  STOP
(S (NP *UNKC )NP (VP has (NP (NP (QP 3.1 million )QP shares )NP (ADJP outstanding )ADJP )NP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC Co. 's )NP board )NP (VP said (SBAR (SBAR that (S (NP it )NP (VP has (VP removed (NP Thomas R. *UNKC )NP (PP as (NP president and chief executive officer )NP )PP )VP )VP )S )SBAR and (SBAR that (S (NP (NP John R. Wolf )NP , (NP (ADVP formerly )ADVP (NP executive vice president )NP , (NP sales and marketing )NP )NP , )NP (VP has (VP been (VP named (S (NP (NP president )NP and (NP chief executive officer )NP )NP )S )VP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP has (VP been (ADJP involved (PP in (NP (NP a dispute )NP (PP with (NP the board )NP )PP )NP )PP )ADJP (PP since (NP (NP August )NP , (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP ousted (NP all the directors )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (ADVP Later )ADVP (NP they )NP (VP said (SBAR (S (S (NP they )NP (VP fired (NP him )NP )VP )S , and (S (NP two directors )NP (VP attempted (S (VP to (VP place (NP the company )NP (PP under (NP bankruptcy-law protection )NP )PP )VP )VP )S )VP )S )S )SBAR )VP . )S  STOP
(S (NP A federal judge )NP (VP turned (PRT down )PRT (NP the Chapter 11 petition )NP )VP . )S  STOP
(S (NP (NP The company 's )NP latest announcement )NP (VP said (SBAR (S (NP Mr. *UNKC )NP (VP will (VP remain (NP (NP a director )NP (PP of (NP (NP *UNKC )NP , (NP (NP a maker )NP (PP of (NP (NP products )NP (PP for (NP *UNK- surgery )NP )PP )NP )PP )NP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Mr. Wolf )NP and (NP (NP other members )NP (PP of (NP the board )NP )PP )NP )NP (VP declined (S (VP to (VP comment (PP on (NP the announcement )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP could n't (VP be (VP reached )VP )VP )VP . )S  STOP
(S (NP The *UNKC board )NP (ADVP also )ADVP (VP said (SBAR (SBAR that (S (NP John R. Ford )NP (VP resigned (PP as (NP a director )NP )PP )VP )S )SBAR , and (SBAR that (S (NP Mr. Wolf )NP (VP was (VP named (S (NP (NP a member )NP (PP of (NP the board )NP )PP )NP )S )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP *UNKC *UNKC *UNKC )NP (VP *UNKC (PP against (NP further *UNK- protests )NP )PP )VP . )S  STOP
(S (SBAR After (S (NP the legislature )NP (VP confirmed (NP him )NP (PP as (NP the Communist Party leader )NP )PP )VP )S )SBAR , (NP Krenz )NP (VP said (SBAR (S (NP demonstrations (S (VP to (VP demand (NP democratic *UNK )NP )VP )VP )S )NP (VP could (VP cause (NP (NP (NP a `` *UNKING )NP (PP of (NP the situation )NP )PP )NP , or (NP confrontation )NP )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (ADVP also )ADVP (VP *UNKED (NP (NP (NP East Germany 's )NP *UNK )NP (PP to (NP Communist *UNK )NP )PP )NP )VP . )S  STOP
(S But (NP (QP as many as *UNKN )QP people )NP (VP *UNKED (PP in (NP East Berlin )NP )PP (PP after (NP the speech )NP )PP (S (VP to (VP protest (NP his election )NP )VP )VP )S )VP . )S  STOP
(S (PP During (NP the *UNKING )NP )PP , (NP (NP 26 members )NP (PP of (NP the *UNK- Parliament )NP )PP )NP (VP (VP voted (PP against (NP Krenz )NP )PP )VP , (NP (NP a move )NP (VP considered (S (ADJP unprecedented )ADJP (PP in (NP (NP the country 's )NP *UNK- history )NP )PP )S )VP )NP )VP . )S  STOP
(S (NP (NP Officials )NP (PP in (NP East Berlin )NP )PP )NP , (S (VP responding (PP to (NP (NP complaints )NP (PP from (NP opposition groups )NP )PP )NP )PP )VP )S , (VP admitted (SBAR (S (NP police )NP (VP used (NP excessive force )NP (PP in (S (VP *UNKING (NP protesters )NP (NP this month )NP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The Iran-Contra judge )NP (VP agreed (S (VP to (VP allow (S (NP *UNKC )NP (VP to (VP *UNK (NP (NP the personal papers )NP (PP of (NP *UNK- Reagan )NP )PP )NP )VP )VP )S )VP )VP )S , (S (VP ruling (SBAR that (S (NP there )NP (VP was (NP sufficient evidence (SBAR that (S (NP the data )NP (VP would (VP be (ADJP important (PP to (NP the defense )NP )PP )ADJP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )S )VP . )S  STOP
(S But (NP the judge )NP (VP denied (NP (NP a request )NP (PP by (NP (NP the former national security adviser )NP , (SBAR (WHNP who )WHNP (S (VP faces (NP five criminal charges )NP )VP )S )SBAR , )NP )PP (S (VP to (VP seek (NP documents )NP (PP from (NP Bush )NP )PP )VP )VP )S )NP )VP . )S  STOP
(S (NP San Francisco Bay area officials )NP (VP said (SBAR (S (NP nine people )NP (VP remain (ADJP missing )ADJP (PP in (NP (NP the aftermath )NP (PP of (NP (NP last week 's )NP earthquake )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The death toll )NP (VP rose (PP to (NP 63 )NP )PP )VP . )S  STOP
(S (NP The House )NP , (ADVP meanwhile )ADVP , (VP approved (NP (NP (QP $ 2.85 billion )QP )NP (SBAR (S (VP to (VP aid (PP in (NP (NP the recovery )NP (PP (PP from (NP the temblor )NP )PP and (PP from (NP Hurricane Hugo )NP )PP )PP )NP )PP )VP )VP )S )SBAR )NP (SBAR as (S (NP state legislators )NP (VP moved (PP toward (NP a temporary *UNK- increase )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP U.S. officials )NP (VP expressed (NP (NP *UNK )NP (PP over (NP an Israeli effort (S (VP to (VP show (SBAR (S (NP the PLO )NP (VP continues (S (VP to (VP practice (NP terrorism )NP )VP )VP )S )VP )S )SBAR )VP )VP )S )NP )PP )NP )VP . )S  STOP
(S (S (NP Israel )NP (VP provided (NP the State Department )NP (PP with (NP (NP a list )NP (PP of (NP (NP recent alleged *UNK *UNK )NP (VP attributed (PP to (NP (NP forces )NP (VP controlled (PP by (NP Arafat )NP )PP )VP )NP )PP )VP )NP )PP )NP )PP )VP )S , but (S (NP the U.S. )NP (VP said (SBAR (S (NP it )NP (VP was n't (ADJP satisfied (SBAR that (S (NP the incidents )NP (VP *UNKED (NP terrorism )NP )VP )S )SBAR )ADJP )VP )S )SBAR )VP )S . )S  STOP
(S (NP TV *UNK Jim *UNKC )NP (VP was (VP (VP sentenced (PP to (NP (NP 45 years )NP (PP in (NP prison )NP )PP )NP )PP )VP and (VP *UNKED (NP $ 500,000 )NP )VP (PP for (S (VP *UNKING (NP (NP *UNK )NP (PP of (NP his *UNKC ministry )NP )PP )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP was (ADVP immediately )ADVP (VP taken (PP into (NP *UNK )NP )PP )VP )VP )S )SBAR , )NP (VP was (VP convicted (NP Oct. 5 )NP (PP by (NP (NP a federal court jury )NP (PP in (NP (NP Charlotte )NP , (NP N.C. )NP , )NP )PP )NP )PP (PP of (NP fraud and conspiracy )NP )PP (PP for (S (VP *UNKING (NP (NP (QP more than $ 3.7 million )QP )NP (PP of (NP ministry funds )NP )PP )NP (PP for (NP personal use )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S (NP (NP Lawmakers )NP (PP in (NP Moscow )NP )PP )NP (VP voted (S (VP to (VP deny (NP the Communist Party )NP (NP (NP its 100 guaranteed seats )NP (PP in (NP the Soviet Congress )NP )PP )NP )VP )VP )S , (S (VP meaning (SBAR (S (NP (NP Gorbachev )NP and (NP other aides )NP )NP (VP might (VP have (S (VP to (VP face (NP voters )NP )VP )VP )S )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (PP In (NP Warsaw )NP )PP , (NP Shevardnadze )NP (VP (VP held (NP (NP his first talks )NP (PP with (NP the *UNKED government )NP )PP )NP )VP and (VP vowed (S (VP to (VP maintain (NP fuel supplies )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Poland 's )NP premier )NP (VP is (S (VP to (VP visit (NP Moscow )NP (NP next month )NP )VP )VP )S )VP . )S  STOP
(S (NP The Arab League )NP (VP pledged (NP (NP an accord )NP (PP for (NP (NP a complete *UNKC *UNK *UNK )NP (PP from (NP (NP Lebanon )NP , (SBAR (WHADVP where )WHADVP (S (NP (QP about 70,000 )QP people )NP (VP *UNKED (PP to (NP (NP the headquarters )NP (PP of (NP Christian leader Aoun )NP )PP )NP )PP (S (VP to (VP support (NP (NP his rejection )NP (PP of (NP (NP a peace plan )NP (VP approved (NP Sunday )NP (PP by (NP (NP Lebanon 's )NP legislature )NP )PP )VP )NP )PP )NP )VP )VP )S )VP )S )SBAR )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The plan )NP (VP lacked (NP a withdrawal timetable )NP )VP . )S  STOP
(S (NP *UNKC *UNK )NP (VP renewed (NP an offer (S (VP to (VP trade (NP (NP their *UNK )NP (PP in (NP Lebanon )NP )PP )NP (PP for (NP (NP (QP at least 15 )QP *UNKC *UNKC *UNK )NP (VP *UNKED (PP in (NP *UNKC )NP )PP )VP )NP )PP )VP )VP )S )NP )VP . )S  STOP
(S (NP (NP The statement )NP (PP by (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP holds (NP (QP at least two )QP U.S. *UNK )NP )VP )S )SBAR , )NP )PP )NP (VP was (VP accompanied (PP by (NP (NP a *UNK )NP (PP of (NP (NP *UNKED Press *UNK Terry Anderson )NP , (VP (ADVP *UNK )ADVP held (PP of (NP 18 Western *UNK )NP )PP )VP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The Treasury Department )NP (VP said (SBAR (S (NP *UNKC )NP (VP reject (NP blacks )NP (PP for (NP mortgage loans )NP )PP (ADVP twice as often (SBAR as (S (NP they )NP (VP reject (NP whites )NP )VP )S )SBAR )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The department 's )NP (NP Office )NP (PP of (NP Thrift *UNKC )NP )PP )NP (VP (VP said (SBAR (S (NP that )NP (VP does n't (ADVP necessarily )ADVP (VP mean (SBAR (S (NP thrifts )NP (VP are (VP *UNKED )VP )VP )S )SBAR )VP )VP )S )SBAR )VP , but (VP conceded (SBAR that (S (NP it )NP (VP does n't (VP have (NP (NP data )NP (PP about (NP *UNK )NP )PP (SBAR (S (VP to (VP determine (SBAR (WHADVP why )WHADVP (S (NP blacks )NP (VP are (VP rejected (ADVP more often )ADVP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP *UNKC *UNK )NP (VP *UNKED (PP through (NP (NP the *UNKED *UNK )NP (PP of (NP (NP a Phillips Petroleum Co. plastics plant )NP (PP near (NP (NP *UNKC )NP , (NP Texas )NP )NP )PP , (SBAR (WHADVP where )WHADVP (S (NP (NP a series )NP (PP of (NP *UNK )NP )PP (NP Monday )NP )NP (VP (VP killed (NP (QP at least two )QP people )NP )VP and (VP injured (NP *UNKN )NP )VP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP Company officials )NP (VP said (SBAR (S (NP 22 workers )NP (VP were (VP (VP missing )VP and (VP *UNKED (S (ADJP dead )ADJP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Safety authorities )NP (VP did n't (ADVP immediately )ADVP (VP know (NP (NP the cause )NP (PP of (NP the *UNK )NP )PP )NP )VP )VP . )S  STOP
(S (NP NATO defense ministers )NP (VP opened (NP (NP a two-day meeting )NP (PP in (NP *UNKC )NP )PP (SBAR (S (VP to (VP assess (NP (NP the alliance 's )NP *UNK- needs )NP (PP amid (NP reduced *UNKC *UNK )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The ministers )NP (VP ordered (NP (NP a study )NP (PP on (NP (NP the strategic role )NP (PP of (NP (NP nuclear arms )NP (PP in (NP Western Europe )NP )PP )NP )PP (SBAR once (S (NP Soviet conventional weapons )NP (VP are (VP reduced (PP in (NP the East bloc )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP The Justice Department )NP (VP scrambled (S (VP to (VP play (PRT down )PRT (NP (NP the *UNK )NP (PP of (NP (NP revised guidelines )NP (VP concerning (NP (NP prosecutions )NP (PP under (NP the federal racketeering law )NP )PP )NP )VP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP The guidelines )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP prosecutors )NP (PP from (S (VP seeking (NP (NP court orders )NP (VP *UNKING (NP (NP the assets )NP (PP of (NP certain racketeering defendants )NP )PP )NP (ADVP prior (PP to (NP trial )NP )PP )ADVP )VP )NP )VP )S )PP )VP )S )SBAR , )NP (VP were (VP (ADVP first )ADVP disclosed (NP this week )NP )VP )VP . )S  STOP
(FRAG (VP *UNKED )VP : (NP (NP S. Clark *UNKC )NP , (NP 91 )NP , (NP (NP (NP *UNK- )NP and (NP chief executive officer )NP )NP (PP of (NP (NP Bank )NP (PP of (NP America *UNKC )NP )PP )NP )PP )NP )NP , (NP Saturday )NP , (PP in (NP (NP *UNKC )NP , (NP Calif )NP )NP )PP . )FRAG  STOP
(S (NP *UNKC *UNKC )NP (VP *UNKC (ADVP wildly )ADVP (SBAR as (S (NP the market )NP (VP reacted (PP to (NP (NP (NP an initial plunge )NP (PP by (NP UAL shares )NP )PP )NP , (VP followed (PP by (NP (NP a sharp rebound )NP (PP in (NP the afternoon )NP )PP )NP )PP )VP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The Dow Jones industrials )NP , (ADVP down (NP (QP over 80 )QP points )NP (PP in (NP the morning )NP )PP )ADVP , )NP (VP closed (ADVP off (NP *UNKN )NP )ADVP , (PP at (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP Bond prices )NP (VP (VP surged (PP in (NP (NP reaction )NP (PP to (NP (NP the sell-off )NP (PP in (NP stocks )NP )PP )NP )PP )NP )PP )VP , then (VP eased (ADVP slightly )ADVP (PP during (NP the afternoon recovery )NP )PP )VP )VP . )S  STOP
(S (NP The dollar )NP (VP finished (ADVP lower )ADVP )VP . )S  STOP
(S (NP (NP UAL 's )NP stock )NP (VP *UNKED (NP (NP most )NP (PP of (NP an early loss )NP )PP )NP (PP amid (NP speculation (SBAR (S (NP one or more investors )NP (VP may (VP challenge (NP (NP the airline 's )NP decision (S (VP to (VP stay (ADJP independent )ADJP )VP )VP )S )NP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The stock )NP (VP closed (ADVP down (NP $ 8.375 )NP )ADVP , (PP at (NP $ 170 )NP )PP , (PP after (S (VP *UNKING (NP $ 33 )NP , (PP to (NP $ 145 )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP Ford )NP (VP may (VP seek (NP (NP all )NP (PP of (NP Jaguar )NP )PP )NP , (S (VP setting (NP the stage )NP (PP for (NP (NP a possible bidding war )NP (PP with (NP GM )NP )PP )NP )PP )VP )S )VP )VP . )S  STOP
(S (S (NP Jaguar )NP (VP has (VP been (VP discussing (NP (NP an alliance )NP (PP with (NP GM )NP )PP )NP )VP )VP )VP )S , but (S (NP (NP Ford 's )NP move )NP (VP may (VP *UNK (NP the talks )NP )VP )VP )S . )S  STOP
(S (NP Car and truck sales )NP (VP slid (NP *UNKN % )NP (PP in (NP mid-October )NP )PP (SBAR as (S (NP U.S. manufacturers )NP (VP paid (NP the price )NP (PP for (NP (NP heavy incentives )NP (ADVP earlier (PP in (NP the year )NP )PP )ADVP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP General Motors )NP (VP continued (S (VP to (VP be (ADJP hardest hit )ADJP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC goods orders )NP (VP slipped (NP 0.1 % )NP (PP in (NP September )NP )PP , (S (VP reflecting (NP weakening auto demand )NP (PP after (NP (NP a *UNK )NP (PP of (NP (NP orders )NP (PP for (NP new 1990 models )NP )PP )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (PP Excluding (NP transportation items )NP )PP , (NP orders )NP (VP rose (NP 1.8 % )NP )VP . )S  STOP
(S (NP (NP Norfolk Southern 's )NP board )NP (VP approved (NP (NP a buy-back )NP (PP of (NP (NP (QP up to 45 million )QP shares )NP , (VP valued (PP at (NP (QP over $ 1.7 billion )QP )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(S (NP (NP The repurchase )NP , (VP *UNKED (PP with (NP an earlier *UNK )NP )PP )VP , )NP (VP will (VP reduce (NP (NP (NP the firm 's )NP shares )NP (ADJP outstanding )ADJP )NP (PP by (NP over 26 % )NP )PP )VP )VP . )S  STOP
(S (NP PS New Hampshire )NP (VP received (NP a sweetened (ADJP (QP $ 2.25 billion )QP )ADJP offer )NP (PP from (NP Northeast Utilities )NP )PP , (S (VP (ADVP likely )ADVP *UNKING (NP (NP a new round )NP (PP of (NP (NP bidding )NP (PP for (NP the utility )NP )PP )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP GE executives )NP (VP were (VP accused (PP by (NP U.S. prosecutors )NP )PP (PP of (S (VP providing (NP `` misleading and false '' data )NP (PP to (NP the Pentagon )NP )PP (PP in (NP 1985 )NP )PP (S (VP to (VP cover (PRT up )PRT (NP `` longstanding fraudulent '' billing practices )NP )VP )VP )S )VP )S )PP )VP )VP . )S  STOP
(S (NP Texaco )NP (VP said (SBAR (S (NP profit )NP (VP rose (NP 11 % )NP (PP in (NP the quarter )NP )PP , (ADJP (ADVP partly )ADVP due (PP to (NP a massive restructuring )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP Sun )NP (VP posted (NP a gain )NP )VP . )S  STOP
(S (NP Mobil , Shell and Chevron )NP (VP had (NP declines )NP )VP . )S  STOP
(S (S (NP Mobil )NP (VP is (VP preparing (S (VP to (VP slash (NP (NP its work force )NP (PP in (NP the U.S. )NP )PP )NP , (PP (ADVP possibly )ADVP as (ADVP soon (PP as (NP next month )NP )PP )ADVP )PP )VP )VP , )S )VP )VP )S (NP sources )NP (VP said )VP . )S  STOP
(S (NP Sears )NP (VP posted (NP (NP a (ADJP 16 % )ADJP drop )NP (PP in (NP third-quarter profit )NP )PP )NP (SBAR as (S (NP U.S. retail operations )NP (VP recorded (NP (NP the first loss )NP (PP in (NP (QP over five )QP years )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The results )NP (VP show (SBAR (S (NP Sears )NP (VP is (VP struggling (S (VP to (VP attract (NP *UNK )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Digital Equipment )NP (VP announced (NP its first mainframe computers )NP , (S (S (VP targeting (NP (NP IBM 's )NP largest market )NP )VP )S and (S (VP heating (PRT up )PRT (NP (NP the industry 's )NP biggest *UNK )NP )VP )S )S )VP . )S  STOP
(S (NP Cray Research )NP (VP (VP expects (S (NP supercomputer sales )NP (VP to (VP be (ADJP flat )ADJP (NP next year )NP )VP )VP )S )VP , (NP (NP the latest )NP (PP in (NP (NP a series )NP (PP of (NP (NP negative announcements )NP (PP by (NP the company )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Short interest )NP (VP increased (NP 6 % )NP (PP in (NP the Nasdaq over-the-counter market )NP )PP (PP for (NP (NP the month )NP (VP ended (NP Oct. 13 )NP )VP )NP )PP )VP . )S  STOP
(S (NP Salomon )NP (VP posted (NP (NP an (ADJP unexpectedly big )ADJP gain )NP (PP in (NP quarterly earnings )NP )PP )NP , (S (VP aided (PP by (NP its (NX (NX securities trading )NX and (NX investment banking activities )NX )NX )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP Procter & Gamble 's )NP profit )NP (VP surged (NP 38 % )NP (PP in (NP its latest fiscal quarter )NP )PP , (S (VP aided (PP by (NP (NP (NP a gain )NP (PP from (NP a legal settlement )NP )PP )NP and (NP continued growth overseas )NP )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP Goodyear 's )NP profit )NP (VP rose (NP 11 % )NP (PP in (NP the quarter )NP )PP , (S (VP buoyed (PP by (NP (NP improved operating results )NP (PP in (NP its tire business )NP )PP )NP )PP )VP )S )VP . )S  STOP
(NP Markets -- )NP  STOP
(NP (NP Stocks )NP : (NP (NP Volume )NP (NP *UNKN shares )NP )NP . )NP  STOP
(NP (NP (NP Dow Jones industrials )NP (NP *UNKN )NP , (ADVP off (NP 3.69 )NP )ADVP )NP ; (NP (NP transportation )NP (NP *UNKN )NP , (ADVP off (NP *UNKN )NP )ADVP )NP ; (NP (NP utilities )NP (NP *UNKN )NP , (ADVP off (NP *UNKN )NP )ADVP )NP . )NP  STOP
(NP (NP Bonds )NP : (NP (NP Shearson Lehman Hutton Treasury index )NP (NP *UNKN )NP , (ADVP up )ADVP )NP )NP  STOP
(NP (NP Commodities )NP : (NP (NP (NP Dow Jones futures index )NP (NP *UNKN )NP , (ADVP off (NP 0.25 )NP )ADVP )NP ; (NP (NP spot index )NP (NP *UNKN )NP , (ADVP off (NP *UNKN )NP )ADVP )NP )NP . )NP  STOP
(NP (NP Dollar )NP : (NP (NP (NP 141.45 yen )NP , (ADVP off (NP *UNKN )NP )ADVP )NP ; (NP (NP *UNKN marks )NP , (ADVP off (NP *UNKN )NP )ADVP )NP )NP . )NP  STOP
(S (NP Genetic *UNKC )NP (VP *UNKED (PP In (NP *UNK- *UNKC )NP )PP )VP )S  STOP
(S (NP *UNKC )NP (VP *UNKED (NP (NP a genetic *UNK )NP (PP in (NP a *UNK- *UNK *UNK )NP )PP )NP (PP in (NP (NP an experiment )NP (ADJP directly *UNK (PP to (NP humans )NP )PP )ADJP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC *UNK )NP (PP of (NP genetic defects )NP )PP (ADVP as early (PP as (NP (NP the sixth week )NP (PP of (NP pregnancy )NP )PP )NP )PP )ADVP )NP (VP is (ADJP increasingly common )ADJP (NP today )NP )VP . )S  STOP
(S But (NP (NP the *UNK experiment )NP (PP at (NP (NP a Medical Research Council laboratory )NP (PP in (NP London )NP )PP )NP )PP )NP (VP shows (SBAR (S (NP genetic defects )NP (VP can (VP be (VP detected (PP (NP three days )NP after (NP *UNK )NP )PP (S (VP using (NP a new *UNKED *UNKING technique )NP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The experiment )NP , (ADJP *UNK (PP to (NP many genetic *UNK )NP )PP )ADJP , )NP (VP involved (NP (NP *UNK- )NP , (NP (NP a severe blood *UNK )NP (VP resulting (PP from (NP a missing *UNK gene )NP )PP )VP )NP )NP )VP . )S  STOP
(S (NP It )NP (VP 's (NP (NP an *UNKED human *UNK )NP (SBAR (WHNP that )WHNP (S (VP 's (VP been (VP *UNKED (PP in (NP *UNK )NP )PP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (NP the experiment )NP )PP , (NP (NP *UNK )NP (PP with (NP the defective gene )NP )PP )NP (VP were (VP *UNKED )VP )VP . )S  STOP
(S (ADVP (NP Three days )NP later )ADVP , (SBAR before (S (NP the new *UNK )NP (VP had (VP become (VP *UNKED (PP in (NP the *UNK )NP )PP )VP )VP )VP )S )SBAR , (NP it )NP (VP was (VP *UNKED (PP out (PP of (NP the mother *UNK )NP )PP )PP )VP )VP . )S  STOP
(S (NP The embryo )NP (VP had (VP *UNKED (PP (ADVP only )ADVP to (NP (NP a *UNK )NP (PP of (NP eight *UNK cells )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP One cell )NP (VP was (VP *UNKED (PRT out )PRT )VP )VP )S , and (S (NP its DNA )NP (VP *UNKED )VP )S . )S  STOP
(S (S (VP Using (NP (NP the new technique )NP (VP developed (PP by (NP *UNKC Corp. )NP )PP )VP , (VP called (S (NP the *UNK chain reaction )NP )S )VP , )NP )VP )S (NP the scientists )NP (VP (ADVP rapidly )ADVP made (NP (NP millions )NP (PP of (NP (NP copies )NP (PP of (NP (NP the section )NP (PP of (NP DNA )NP )PP (SBAR (WHNP that )WHNP (S (ADVP *UNKLY )ADVP (VP contains (NP the *UNK gene )NP )VP )S )SBAR )NP )PP )NP )PP )NP , (S (VP providing (NP (NP enough copies )NP (SBAR (S (VP to (VP test )VP )VP )S )SBAR )NP )VP )S )VP . )S  STOP
(S (S (NP A genetic probe )NP (VP showed (SBAR (S (NP the *UNK gene )NP (VP was (VP missing )VP )VP )S )SBAR )VP )S , (NP the researchers )NP (VP report (PP in (NP the medical journal )NP (NP *UNKC )NP )PP )VP . )S  STOP
(S (PP In (NP the report )NP )PP , (NP two *UNK *UNK )NP (VP suggest (SBAR (S (NP such embryo *UNK )NP (VP can (VP be (VP used (PP by (NP (NP couples )NP (PP at (NP (NP high risk )NP (PP of (S (VP passing (NP a genetic *UNK )NP (PP to (NP a child )NP )PP )VP )S )PP )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP example )NP )PP , (NP (NP *UNK couples )NP (SBAR (WHNP who )WHNP (S (VP have (S (NP (NP the woman 's )NP eggs )NP (VP *UNKED (PP in (NP the test *UNK )NP )PP )VP )S )VP )S )SBAR )NP (ADVP usually )ADVP (VP have (S (NP (NP several eggs )NP )NP (VP *UNKED (PP at (NP a time )NP )PP )VP )S )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP the *UNKED cells )NP (VP *UNK (PP to (NP eight cells )NP )PP )VP )S )SBAR , (NP (NP a single cell )NP (PP from (NP each embryo )NP )PP )NP (VP can (VP be (VP tested (PP for (NP genetic defects )NP )PP )VP )VP )VP . )S  STOP
(S (S (NP A healthy embryo )NP (VP can (VP be (VP picked (PP for (NP *UNK )NP )PP )VP )VP )VP )S and (S (NP defective ones )NP (VP *UNKED )VP )S . )S  STOP
(S Or (PP in (NP other couples )NP )PP , (NP the embryo )NP (VP could (VP be (VP (VP (VP (ADVP temporarily )ADVP taken (PRT out )PRT )VP and (VP tested )VP (PP (NP three days )NP after (NP *UNK )NP )PP )VP and (VP (VP returned (SBAR if (S (ADJP healthy )ADJP )S )SBAR , )VP or (VP *UNKED (SBAR if (X not )X )SBAR )VP )VP )VP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP *UNKED (S (VP to (VP *UNKC (NP *UNKED *UNKC )NP )VP )VP )S )VP )S  STOP
(S (NP *UNK *UNKC *UNKC )NP (VP finds (NP a *UNK )NP (PP in (NP (NP the *UNK world )NP (PP of (NP *UNK )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP the early 1970s )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP the `` world food crisis '' )NP (VP was (NP a major worry )NP )VP )S )SBAR , (NP Phillips Petroleum Co. )NP , (PP like (NP several other big companies )NP )PP , (VP began (S (VP developing (NP `` (NP *UNK- protein )NP , '' (NP (NP *UNK protein )NP (VP made (PP by (NP (NP *UNK )NP (VP *UNKING (PP on (NP *UNK- materials )NP )PP )VP )NP )PP )VP )NP )NP )VP )S )VP . )S  STOP
(S (NP Phillips )NP (VP found and improved (NP (NP a *UNK )NP , `` (NP *UNKC *UNK )NP , '' (SBAR (WHNP which )WHNP (S (VP made (NP protein )NP (PP from (NP natural *UNKED *UNK )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP could (VP convert (NP (NP *UNK )NP (PP from (NP farm *UNK )NP )PP )NP (PP into (NP *UNK protein )NP )PP )VP )VP . )S  STOP
(S (S (NP *UNKC protein )NP (ADVP never )ADVP (VP *UNKED (PRT out )PRT )VP )S , and (S (NP most companies )NP (VP abandoned (NP such research )NP )VP )S . )S  STOP
(S But (NP Phillips )NP (VP *UNKED , (S (VP calling (PRT in )PRT (NP (NP scientists )NP (PP from (NP the *UNKC Institute )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP They )NP (VP 've (ADVP now )ADVP (VP *UNKED (NP the *UNK )NP (PP to (S (VP making (NP (ADJP *UNKLY engineered )ADJP drugs )NP )VP )S )PP )VP )VP . )S  STOP
(S (PP Like (NP (NP the bacteria )NP (VP used (PP by (NP genetic engineers )NP )PP )VP )NP )PP , (NP the *UNK )NP (VP can (VP (VP take (PRT in )PRT (NP human genes )NP )VP and (VP *UNK (PRT out )PRT (NP (NP human proteins )NP (PP for (NP medical use )NP )PP )NP )VP )VP )VP . )S  STOP
(S But (NP the *UNK genetic *UNK )NP (VP is (PP (PP (ADVP more )ADVP like (NP (NP that )NP (PP of (NP animals )NP )PP )NP )PP (PP than (NP the *UNK genetic *UNK )NP )PP )PP )VP . )S  STOP
(S (ADVP Thus )ADVP , (NP (NP the proteins )NP (PP from (NP the yeast )NP )PP )NP (VP are (PP (PP (ADVP *UNKLY )ADVP (ADVP more )ADVP like (NP human proteins )NP )PP (PP than (NP (NP those )NP (PP from (NP bacteria )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP The oil company )NP (VP claims (SBAR (S (NP its yeast system )NP (ADVP also )ADVP (VP is (ADJP better (PP than (NP bacteria )NP )PP (PP at (NP (NP *UNK- production )NP (PP of (NP (ADJP *UNKLY engineered )ADJP drugs )NP )PP )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Chiron Corp. )NP , (NP an (NAC *UNKC , Calif. , )NAC biotechnology firm )NP , )NP (VP is (VP seeing (SBAR if (S (NP the Phillips yeast )NP (VP can (VP be (VP used (S (VP to (VP make (NP its (ADJP genetically engineered )ADJP human proteins )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (VP *UNKING (PP *UNKC (NP *UNKC )NP )PP (PP From (PP *UNKC (NP the *UNKC )NP )PP )PP )VP )S  STOP
(S (S (VP *UNKC (NP *UNKC vessels )NP (PP without (S (VP *UNKING (NP *UNK )NP (PP into (NP the body )NP )PP )VP )S )PP )VP )S (VP may (VP come (PP out (PP of (NP (NP research )NP (PP at (NP AT&T Bell Laboratories )NP )PP )NP )PP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP heart attacks )NP , (NP (NP leg *UNK )NP (PRN -LRB- (NP *UNK *UNK )NP -RRB- )PRN )NP and (NP other problems )NP )NP (VP stem (PP from (NP (NP *UNKING )NP (PP of (NP the *UNK )NP )PP (PP by (NP *UNK- deposits )NP )PP )NP )PP )VP . )S  STOP
(S (PP At (NP present )NP )PP , (NP doctors )NP (VP can (VP see (SBAR (WHADVP how badly )WHADVP (S (NP an *UNK )NP (VP is (VP *UNKED )VP )VP )S )SBAR (PP (ADVP only )ADVP by (S (VP (VP *UNKING (NP a thin *UNK )NP (PP into (NP the *UNK )NP )PP )VP and (VP *UNKING (NP (NP a *UNK )NP (SBAR (WHNP that )WHNP (S (VP makes (S (NP the *UNK )NP (ADJP visible (PP on (NP *UNKC )NP )PP )ADJP )S )VP )S )SBAR )NP )VP )VP )S )PP )VP )VP . )S  STOP
(S (NP A (ADJP *UNK- )ADJP method )NP (VP is (VP being (VP *UNKED (PP by (NP *UNK *UNKC *UNKC )NP )PP (PP at (NP the AT&T unit )NP )PP )VP )VP )VP . )S  STOP
(S (NP It )NP (VP *UNK (PP on (NP the fact (SBAR that (S (NP certain *UNK )NP (VP give (PRT off )PRT (NP *UNK signals )NP (SBAR (WHADVP when )WHADVP (S (VP *UNKED (PP to (NP an intense magnetic field )NP )PP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP It )NP (VP 's (NP (NP the same phenomenon )NP (VP used (PP in (NP (NP the new *UNKC (PRN -LRB- magnetic *UNK *UNKING -RRB- )PRN *UNK )NP (VP being (VP used (PP in (NP hospitals )NP )PP (PP in (NP (NP place )NP (PP of (NP *UNKC *UNK )NP )PP )NP )PP )VP )VP )NP )PP )VP )NP )VP . )S  STOP
(S (PP In (NP the Bell *UNKC experiments )NP )PP , (NP (NP (NP an *UNKC )NP (PP of (NP machine )NP )PP )NP , (VP *UNKED (PP with (NP the *UNK )NP )PP (PP via (NP an *UNK )NP )PP )VP , )NP (VP (ADVP rapidly )ADVP *UNK (NP a magnetic field )NP (PRT on and off )PRT (SBAR as (S (NP blood )NP (VP *UNK (NP (NP a certain point )NP (PP in (NP a *UNK )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The (ADJP rapidly *UNKING )ADJP return signals )NP (PP from (NP (NP *UNKED *UNK *UNK )NP (PP in (NP the blood )NP )PP )NP )PP )NP (VP give (NP (NP a `` *UNK- '' movie )NP (PP of (NP the *UNKED *UNK )NP )PP , (PRN -LRB- (PP like (NP (NP the `` *UNK- '' )NP (VP seen (PP in (NP *UNK *UNK )NP )PP (SBAR (WHADVP when )WHADVP (S (NP a *UNK light )NP (VP is (VP *UNKING )VP )VP )S )SBAR )VP )NP )PP -RRB- )PRN )NP )VP . )S  STOP
(S (NP The scientists )NP (VP have (VP *UNKED (PP on (NP (NP the tiny neck *UNK )NP (PP of (NP *UNK )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP They )NP (VP 've (VP been (ADJP able (S (VP to (VP (VP measure (NP (NP the *UNK movements )NP (PP of (NP the *UNK wall )NP )PP )NP (SBAR as (S (NP the beating heart )NP (VP raises and *UNK (NP (NP the pressure )NP (PP of (NP the *UNKING blood )NP )PP )NP )VP )S )SBAR )VP , (NP (NP a first )NP (PP for (NP (ADJP such tiny )ADJP blood vessels )NP )PP )NP )VP )VP )S )ADJP )VP )VP )S , (NP they )NP (VP report (PP in (NP (NP *UNKC )NP , (NP a scientific journal )NP )NP )PP )VP . )S  STOP
(S (NP They )NP (ADVP now )ADVP (VP are (VP *UNKING (PP with (S (VP *UNKING (NP blood flow )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP The ultimate hope )NP (VP is (SBAR that (S (NP the technique )NP (VP could (VP identify (NP *UNKED vessels )NP )VP )VP )S )SBAR )VP . )S  STOP
(NP *UNKC and *UNKC )NP  STOP
(S (S (NP (NP *UNKC )NP (PP *UNK (NP (NP *UNK- *UNK )NP (PP from (NP *UNKC )NP )PP )NP )PP )NP (VP indicate (SBAR (S (NP *UNK wood *UNK )NP (VP did n't (VP produce (NP *UNK or *UNK )NP )VP )VP )S )SBAR , (S (VP *UNKING (NP a theory (SBAR (S (NP the two *UNK )NP (NP today )NP (VP are (VP coming (PP from (NP wood *UNKING )NP )PP )VP )VP )S )SBAR )NP )VP )S )VP )S , (NP General Electric Co. )NP (VP reports (PP in (NP Environmental Science & Technology magazine )NP )PP )VP ... . )S  STOP
(SINV (S (NP (NP (QP Almost 40 )QP % )NP (PP of (NP *UNK men )NP )PP )NP (VP have (NP (NP an *UNKED sense )NP (PP of (NP *UNK )NP )PP )NP (PP vs. (NP (NP (QP fewer than 10 )QP % )NP (PP of (NP *UNK women )NP )PP )NP )PP )VP )S , (VP reports )VP (NP (NP the American Journal )NP (PP of (NP *UNKC )NP )PP )NP . )SINV  STOP
(S (NP The Justice Department )NP (VP said (SBAR (S (NP it )NP (VP filed (NP (NP a lawsuit )NP (VP seeking (NP (QP more than $ 7.7 million )QP )NP (PP from (NP a Meredith Corp. unit )NP )PP (PP on (NP charges (SBAR that (S (NP the company )NP (VP *UNKED (NP the government )NP (PP on (NP a contract (S (VP to (VP provide (NP *UNK services )NP (PP for (NP federal employees )NP )PP )VP )VP )S )NP )PP )VP )S )SBAR )NP )PP )VP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The suit )NP , (VP filed (PP in (NP federal trial court )NP )PP (PP in (NP (NP (NP *UNKC *UNKC )NP , (NP Iowa )NP , )NP (SBAR (WHADVP where )WHADVP (S (NP Meredith )NP (VP is (VP based )VP )VP )S )SBAR )NP )PP )VP , )NP (VP alleges (SBAR that (S (NP (NP the diversified media company 's )NP *UNK unit )NP (VP *UNKED (NP the government )NP (PP by (S (VP *UNKING (NP (NP the value )NP (PP of (NP (NP government employees ' )NP homes )NP )PP )NP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The government contract )NP (VP required (S (NP Meredith *UNKC Corp. )NP (VP to (VP purchase (NP (NP employees ' )NP homes )NP (PP based (PP on (NP independent *UNK )NP )PP )PP )VP )VP )S )VP . )S  STOP
(S (NP The Justice Department )NP (VP alleges (SBAR that (S (NP the company )NP `` (VP engaged (PP in (NP (NP various forms )NP (PP of (NP *UNK )NP )PP )NP )PP '' (PP with (NP (NP the goal )NP (PP of (S (VP reducing (NP (NP the *UNKED value )NP (PP of (NP (NP employees ' )NP homes )NP )PP )NP )VP )S )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP the suit )NP )PP , (NP the department )NP (VP seeks (S (VP to (VP recover (NP (NP (QP $ 7.7 million )QP )NP (PP in (NP (NP costs )NP (VP incurred (SBAR (WHADVP when )WHADVP (S (NP the government )NP (VP (VP terminated (NP (NP its contract )NP (PP with (NP Meredith *UNKC )NP )PP )NP )VP and (VP sought (NP (NP other contracts )NP (SBAR (S (VP to (VP replace (NP it )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP The department )NP (ADVP also )ADVP (VP said (SBAR (S (NP it )NP (VP seeks `` (NP (NP (QP three times )QP (NP the government 's )NP damages )NP , (SBAR (WHNP which )WHNP (S (VP are (ADVP *UNKLY )ADVP (ADJP *UNKED )ADJP )VP )S )SBAR , (PP plus (NP penalties )NP )PP )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP Officials )NP (PP with (NP Meredith )NP )PP )NP (VP did n't (VP have (NP (NP any immediate comment )NP (PP on (NP the suit )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Lloyd 's )NP (PP of (NP London )NP )PP )NP (VP said (SBAR (S (NP it )NP (VP plans (S (VP to (VP *UNK (PRT down )PRT (PP on (NP (NP the ability )NP (PP of (NP underwriting *UNK )NP )PP (S (VP to (VP leave (S (NP their annual accounts )NP (ADJP open )ADJP )S (PP beyond (NP the *UNK three years )NP )PP )VP )VP )S )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKING *UNK )NP (PP at (NP (NP (NP Lloyd 's )NP )NP , (NP (NP the world 's )NP largest insurance market )NP , )NP )PP )NP (ADVP generally )ADVP (VP do n't (VP close (NP their accounts )NP (PP for (NP three years )NP )PP , (S (VP to (VP allow (PP for (NP (NP the filing )NP (PP of (NP claims and litigation )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP such claims and litigation )NP (VP extend (PP beyond (NP the period )NP )PP )VP )S )SBAR , (NP the *UNK )NP (VP can (VP extend (NP their accounting *UNK )NP )VP )VP . )S  STOP
(S (NP (NP Lloyd 's )NP )NP (VP said (SBAR (S (NP there )NP (VP are (ADVP currently )ADVP (NP (NP 115 open account years )NP (VP involving (NP (NP 68 )NP (PP of (NP (NP the market 's )NP (QP roughly *UNKN )QP *UNK )NP )PP )NP )VP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The *UNK- accounting practice )NP `` (VP is (VP (ADVP widely )ADVP recognized (PP within (NP (NP Lloyd 's )NP )NP )PP (PP as (PP of (NP (NP serious concern )NP '' (PP to (NP (NP the *UNKN member investors )NP , (SBAR (WHNP who )WHNP (S (VP underwrite (NP insurance )NP (PP at (NP (NP Lloyd 's )NP )NP )PP (PP in (NP (NP return )NP (PP for (NP premium and investment income )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )PP )PP )VP )VP )S , (NP (NP Lloyd 's )NP )NP (VP said )VP . )S  STOP
(S (S (NP The procedure )NP (VP causes `` (NP great uncertainty )NP '' (SBAR because (S (NP an investor )NP (VP ca n't (VP be (ADJP sure (PP of (NP his or her individual liability )NP )PP )ADJP )VP )VP )S )SBAR )VP )S , (NP (NP Lloyd 's )NP )NP (VP said )VP . )S  STOP
(S (PP As (NP a result )NP )PP , (NP the insurance market )NP (VP plans (NP (NP new measures )NP (SBAR (S (VP to (VP restrict (NP (NP the ability )NP (PP of (NP syndicate officials )NP )PP (S (VP to (VP leave (S (NP years )NP (ADJP open )ADJP )S )VP )VP )S )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Lloyd 's )NP (VP said (SBAR (S (NP it )NP (VP expects (S (VP to (VP *UNK (NP (NP new rules )NP (VP *UNKING (NP the changes )NP )VP )NP (PP by (NP year end )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP Under (NP the new rules )NP )PP , (NP the officials )NP (VP will (VP have (S (VP to (VP secure (NP (NP (NP additional information )NP and (NP (NP reports )NP (PP from (NP *UNK )NP )PP )NP )NP , (PP including (NP (NP an assessment )NP (PP of (SBAR whether (S (NP officials )NP (VP have (VP acted (ADVP reasonably )ADVP )VP )VP )S )SBAR )PP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP officials )NP (VP will (VP have (S (VP to (VP (VP get (NP (NP quotes )NP (PP for (NP certain reinsurance contracts )NP )PP )NP )VP and (VP obtain (NP approvals )NP (PP from (NP other syndicate directors )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP Computer Associates International Inc. )NP (VP reported (SBAR (S (NP (NP earnings )NP (PP for (NP (NP the second quarter )NP , (VP ended (NP Sept. 30 )NP )VP , )NP )PP )NP (VP plummeted (NP 66 % )NP , (PP (ADVP primarily )ADVP because of (NP (NP the acquisition )NP (PP of (NP *UNKC *UNKC Inc )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The nation 's )NP largest software company )NP (VP earned (NP (NP (QP $ 9.6 million )QP )NP , or (NP (NP five cents )NP (NP a share )NP )NP )NP , (PP compared (PP with (NP (NP (QP $ 28 million )QP )NP , or (NP (NP 16 cents )NP (NP a share )NP , (ADVP (NP a year )NP earlier )ADVP )NP )NP )PP )PP )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP 5 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (S (NP (NP The drop )NP (PP in (NP earnings )NP )PP )NP (VP had (VP been (VP anticipated (PP by (NP most Wall Street analysts )NP )PP )VP )VP )VP )S , but (S (NP the results )NP (VP were (VP reported (SBAR after (S (NP the market )NP (VP closed )VP )S )SBAR )VP )VP )S . )S  STOP
(S (NP Computer Associates )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP down (NP 25 cents )NP )ADVP , (PP in (NP (NP composite trading )NP (PP on (NP the New York Stock Exchange )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Anthony Wang )NP , (NP president )NP , )NP (VP attributed (NP the drop )NP (PP to (NP (NP the disruption )NP (PP of (NP (NP the company 's )NP business )NP )PP (VP resulting (PP from (NP (NP the prolonged process )NP (PP of (S (VP acquiring (NP *UNKC )NP )VP )S )PP )NP )PP )VP )NP )PP )VP . )S  STOP
(S (NP The acquisition )NP (VP was (VP completed (PP in (NP September )NP )PP )VP )VP . )S  STOP
(S (PP In (NP August )NP )PP , (S (NP the company )NP (VP warned (NP investors )NP (SBAR that (S (NP the acquisition )NP (VP was (VP being (VP delayed )VP )VP )VP )S )SBAR )VP )S , and (S (NP many customers )NP (VP were (VP holding (PRT off )PRT (PP on (NP purchase decisions )NP )PP (SBAR until (S (NP the takeover )NP (VP was (VP completed )VP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (NP The delays )NP (VP (ADVP mainly )ADVP affected (NP (NP sales )NP (PP of (NP (NP data base management products )NP , (NP (NP a core area )NP (PP for (NP both (NP Computer Associates )NP and (NP *UNKC )NP )NP )PP )NP , )NP )PP (ADVP as well (PP as (NP (NP sales )NP (PP of (NP other products )NP )PP (PP as (NP (NP part )NP (PP of (NP package sales )NP )PP )NP )PP )NP )PP )ADVP )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP this city )NP )PP )NP (ADVP soon )ADVP (VP will (VP be (VP seeing (NP (NP ads )NP (VP urging (NP them )NP (S (VP to (VP visit (NP `` (NP (NP Cleveland 's )NP *UNK museum )NP '' -- (NP Lake *UNKC *UNKC )NP )NP )VP )VP )S )VP )NP )VP )VP )VP . )S  STOP
(S (PP Despite (NP (NP such famous *UNK )NP (PP as (NP oil *UNK John D. Rockefeller )NP )PP )NP )PP , (NP Lake View *UNKC )NP (VP has (VP fallen (PP on (NP hard times )NP )PP )VP )VP . )S  STOP
(S So (NP the *UNK- *UNK ground )NP (VP is (VP trying (S (VP to (VP *UNK (NP itself )NP (PP with (NP a television advertising campaign )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP The ads )NP (VP *UNK (NP (NP the *UNK )NP (PP of (NP (NP some )NP (PP of (NP (NP Lake View 's )NP residents )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP A spot )NP (VP *UNKING (NP (NP Bill White )NP , (NP (NP the *UNK )NP (PP of (NP *UNKING *UNK )NP )PP )NP , )NP )VP )NP (VP shows (S (NP a woman )NP (VP trying (S (VP to (VP *UNK (NP her *UNKED *UNK )NP (PP from (NP (NP a *UNK )NP (PP of (NP *UNK )NP )PP )NP )PP )VP )VP )S )VP )S )VP . )S  STOP
(S (NP Another )NP (VP *UNK (PP on (NP (NP Charles *UNKC )NP , (NP (NP the first person )NP (SBAR (S (VP to (VP light (NP a city )NP (ADVP *UNKLY )ADVP )VP )VP )S )SBAR )NP )NP )PP )VP . )S  STOP
(S (NP It )NP (VP shows (S (NP a boy )NP (VP *UNKING (NP rocks )NP (PP at (NP a street *UNK )NP )PP )VP )S )VP . )S  STOP
(S (NP Street *UNK )NP (PRN , (S (NP the ad )NP (VP points (PRT out )PRT )VP )S , )PRN `` (VP helped (S (VP *UNK (NP (NP the arm )NP (PP of (NP many a *UNKING baseball player )NP )PP )NP )VP )S )VP . '' )S  STOP
(S (NP *UNKC officials )NP (VP hope (SBAR (S (NP (NP the ads )NP , (SBAR (WHNP which )WHNP (S (VP will (VP begin (S (VP airing (NP next month )NP )VP )S )VP )VP )S )SBAR , )NP (VP will not only (VP draw (NP visitors )NP )VP but (VP bolster (NP (NP *UNK )NP and (NP *UNK fund contributions )NP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Lake View )NP (VP (VP had (NP an operating deficit )NP (NP last year )NP )VP and (VP has (NP (NP a poor reputation )NP (PP as (NP an *UNK- and *UNKED *UNK )NP )PP )NP )VP )VP . )S  STOP
(S (NP The (ADJP private , *UNK- )ADJP *UNK )NP (VP has (VP had (NP trouble )NP (S (VP competing (PP against (NP (NP its *UNK- counterparts )NP , (SBAR (WHNP which )WHNP (S (VP use (NP (NP direct mail )NP and (NP other advertising )NP )NP (S (VP to (VP sell (NP lots )NP )VP )VP )S )VP )S )SBAR )NP )PP )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP do n't (VP want (S (VP to (VP be (VP known (PP as (NP *UNK *UNK )NP )PP )VP )VP )VP )S )VP )VP )S , '' (VP says )VP (NP (NP William *UNKC )NP , (NP (NP Lake View 's )NP president )NP )NP . )SINV  STOP
(S `` (NP We )NP (VP want (S (NP people )NP (VP to (VP think (PP of (NP Lake View )NP )PP (PP as (NP (NP an historical park )NP and (NP educational experience )NP )NP )PP )VP )VP )S )VP ... . )S  STOP
(FRAG (NP (NP A *UNK place )NP (SBAR (S (VP to (VP (VP come )VP and (VP spend (NP a few hours )NP )VP )VP )VP )S )SBAR )NP . '' )FRAG  STOP
(S (NP (NP Not all )NP (PP of (NP (NP the *UNK 's )NP *UNK- *UNK )NP )PP )NP (VP lend (NP themselves )NP (PP to (NP (NP the promotional job )NP (PP at (NP hand )NP )PP )NP )PP , (ADVP however )ADVP )VP . )S  STOP
(S (PP For (NP example )NP )PP , (NP (NP President James A. *UNKC )NP )NP (VP is (VP *UNKED (ADVP here )ADVP , (NP (NP the victim )NP (PP of (NP (NP an assassination )NP (PP in (NP *UNKN )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S -LRB- (NP Mr. *UNKC )NP (VP notes , (ADVP however )ADVP , (SBAR that (S (NP the *UNKC *UNK )NP (VP is (NP (NP one )NP (PP of (NP (NP (NP the nation 's )NP premier *UNK )NP (PP of (NP *UNKC architecture )NP )PP )NP )PP )NP )VP )S )SBAR )VP . -RRB- )S  STOP
(S (NP (NP Mr. Rockefeller )NP , (VP buried (PP *UNK (NP a *UNK- *UNK *UNK )NP )PP )VP , )NP (VP did n't (VP seem (ADJP right (PP for (NP an ad )NP )PP )ADJP (ADVP either )ADVP )VP )VP . )S  STOP
(SINV (S (NP (NP The oil *UNK )NP , (SBAR (WHNP who )WHNP (S (VP spent (NP his later years )NP (S (VP passing (PRT out )PRT (NP *UNK )NP (S (VP to (VP counter (NP his *UNKING image )NP )VP )VP )S )VP )S )VP )S )SBAR , )NP `` (VP is n't (ADJP *UNKLY *UNKING )ADJP )VP )S , '' (VP says )VP (NP (NP Barry *UNKC )NP , (NP (NP creative director )NP (PP at (NP (NP *UNKC )NP , (NP (NP *UNKC )NP , (NP Ohio )NP )NP , (SBAR (WHNP which )WHNP (S (VP is (VP producing (NP the ads )NP )VP )VP )S )SBAR )NP )PP )NP )NP . )SINV  STOP
(S (S But (NP there )NP (VP are (NP (NP plenty )NP (PP of (NP (NP other promising prospects )NP )NP )PP )NP (PP at (NP Lake View )NP )PP )VP )S , (NP *UNK )NP (VP believe : (NP (NP (NP *UNKC *UNKC )NP , (PP for (NP instance )NP )PP , (SBAR (WHNP who )WHNP (S (VP wrote `` (SBAR (WHADVP When )WHADVP (S (NP Irish *UNKC )NP (VP are (VP *UNKING )VP )VP )S )SBAR )VP )S )SBAR , '' )NP and (NP (NP *UNKC Morgan )NP , (NP (NP the *UNK )NP (PP of (NP (NP the gas *UNK )NP and (NP the *UNKED traffic light )NP )NP )PP )NP )NP )NP )VP . )S  STOP
(S (NP *UNKC *UNKC shares )NP (VP made (NP (NP a debut )NP (PP like (NP *UNKC White )NP )PP )NP (NP yesterday )NP (SBAR while (S (NP (NP most )NP (PP of (NP the London stock market )NP )PP )NP (VP looked (SBAR like (S (NP it )NP (VP had (VP *UNK (NP (NP the *UNKC *UNKC 's )NP *UNKED apple )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP its first day )NP (PP of (NP *UNKED trading (NP here )NP )NP )PP )NP )PP , (NP *UNKC Disney )NP (VP soared (PP like (NP *UNKC )NP )PP (S (VP to (VP close (PP at (NP (NP *UNKN pence )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN )NP )PP , (ADVP up (NP 15 % )NP (PP from (NP its *UNK- offering price )NP )PP )ADVP )VP )VP )S )VP . )S  STOP
(S (NP The overall London market )NP , (S (VP following (NP (NP Wall Street 's )NP early *UNK )NP )VP )S , (VP took (NP a late beating )NP )VP . )S  STOP
(S (NP The Financial *UNKC Exchange *UNK- Index )NP (VP plummeted (NP *UNKN points )NP (S (VP to (VP close (PP at (NP *UNKN )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Traders )NP (VP credited (NP (NP *UNKC Disney 's )NP share performance )NP (PP to (NP (NP the tremendous *UNKING )NP (PP of (NP (NP (NP the project )NP (SBAR (WHNP that )WHNP (S (NP the shares )NP (VP are (VP *UNKED (S (VP to (VP help (VP finance )VP )VP )VP )S )VP )VP )S )SBAR )NP : (NP (NP (NP Walt Disney Co. 's )NP *UNK- theme park )NP (ADVP (NP 20 miles )NP *UNK (PP of (NP Paris )NP )PP )ADVP )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP The park )NP (VP is (VP slated (S (VP to (VP open (PP in (NP 1992 )NP )PP )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (S (NP The issue )NP (VP was (ADJP very *UNKED )ADJP )VP )S -- (S (NP Disney )NP (VP is (NP such a (ADJP (ADJP well-known )ADJP (PRN , (S (NP you )NP (VP can (VP say (ADJP world-wide )ADJP )VP )VP )S , )PRN )ADJP name )NP )VP )S )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP head trader )NP (PP of (NP European equities )NP )PP (PP at (NP (NP Kleinwort Benson Ltd. )NP , (SBAR (WHNP which )WHNP (S (VP is (VP making (NP (NP a market )NP (PP in (NP the issue )NP )PP )NP )VP )VP )S )SBAR )NP )PP )NP )NP . )SINV  STOP
(S (NP Mr. *UNKC )NP (VP estimated (SBAR that (S (NP (NP the issue 's )NP London debut )NP (VP was (VP accompanied (PP by (NP `` (NP (ADJP very , very heavy )ADJP turnover )NP -- (NP (QP between five million and six million )QP shares )NP )NP )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (S (NP (NP Most )NP (PP of (NP the buying )NP )PP )NP (VP was (ADJP institutional )ADJP )VP )S , (NP he )NP (VP added )VP . )S  STOP
(S (NP (NP *UNKC trading )NP (PP in (NP the shares )NP )PP )NP (VP will (VP start (PP in (NP London , Paris and Brussels )NP )PP (PP on (NP (NP Nov. 6 )NP , (SBAR (WHADVP when )WHADVP (S (NP (NP the (ADJP *UNKC *UNKED )ADJP offering )NP , (VP valued (PP at (NP (NP the equivalent )NP (PP of (NP (QP nearly $ 1 billion )QP )NP )PP )NP )PP )VP , )NP (VP comes (PP to (NP market )NP )PP (PP in (NP the European Community )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP U.S. investors )NP (VP will (VP be (VP permitted (S (VP to (VP buy (NP the shares )NP (PP from (NP EC investors )NP )PP (ADVP (NP 90 days )NP later )ADVP )VP )VP )S )VP )VP )VP . )S  STOP
(S (PP Because of (NP (NP the interest )NP (VP connected (PP with (NP the issue )NP )PP )VP )NP )PP , (NP the London exchange )NP (VP took (NP (NP the unusual step )NP (PP of (S (VP letting (S (NP traders )NP (VP establish (NP an (ADJP officially *UNKED )ADJP *UNKED market )NP )VP )S )VP )S )PP )NP )VP . )S  STOP
(S (NP (NP A (ADJP volatile , *UNK )ADJP `` gray '' market )NP (PP in (NP the shares )NP )PP )NP (VP has (VP been (VP operating (PP in (NP Paris )NP )PP (PP for (NP about two weeks )NP )PP )VP )VP )VP . )S  STOP
(S (PP In (NP (NP contrast )NP (PP to (NP the London performance )NP )PP )NP )PP , (NP *UNKC Disney )NP (ADVP there )ADVP (VP closed (ADVP down (NP three francs )NP )ADVP (NP yesterday )NP , (PP at (NP (NP (NP 79 1\/2 francs )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN )NP (VP bid )VP )NP )PP , but (ADVP still )ADVP (ADVP (NP (QP about 10 )QP % )NP over (NP the *UNK- offering price )NP )ADVP )VP . )S  STOP
(SINV `` (S (NP (NP A lot )NP (PP of (NP people )NP )PP )NP (VP are (VP getting (ADJP hurt )ADJP (PP on (NP this *UNKED *UNKING )NP )PP )VP )VP )S , '' (VP cautioned )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a London-based Salomon Brothers International Ltd. trader )NP (SBAR (WHNP who )WHNP (S (VP makes (NP a market )NP (PP in (NP *UNKED *UNKC Disney shares )NP )PP )VP )S )SBAR )NP )NP . )SINV  STOP
(S `` (NP There )NP (VP should (VP be (NP no great rush (SBAR for (S (NP investors )NP (VP to (VP buy (NP this )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (S (NP (NP A lot )NP (PP of (NP (NP (NP big European banks )NP , (ADJP mostly French )ADJP , )NP and (NP Swiss *UNK accounts )NP )NP )PP )NP (VP have (VP been (VP buying (NP the stock )NP (S (ADVP just )ADVP (VP to (VP *UNK (NP it )NP '' (PP for (NP a quick profit )NP )PP )VP )VP )S )VP )VP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (NP (NP Albert *UNKED Jr. )NP , (NP (NP a *UNK- director and holder )NP (PP of (NP (NP a (ADJP 9.5 % )ADJP stake )NP (PP in (NP the company )NP )PP )NP )PP )NP , )NP (VP was (VP named (S (NP (NP chairman )NP (PP of (NP (NP this maker )NP (PP of (NP (NP products )NP (PP for (NP the construction equipment , material handling and railroad industries )NP )PP )NP )PP )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP He )NP (VP succeeds (NP (NP *UNKC White Jr. )NP , (NP 62 )NP , (SBAR (WHNP who )WHNP (S (VP (VP resigned )VP but (VP continues (PP as (NP a director )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Mr. *UNKED )NP (ADVP also )ADVP (VP is (NP (NP the managing partner )NP (PP of (NP Albert Fried & Co )NP )PP )NP )VP . )S  STOP
(S (NP Ford Motor Co. )NP (VP *UNKED (NP (NP its battle )NP (PP with (NP General Motors Corp. )NP )PP (PP over (NP Jaguar PLC )NP )PP )NP (PP by (S (VP saying (SBAR (S (NP it )NP (VP is (VP prepared (S (VP to (VP make (NP (NP a bid )NP (PP for (NP (NP all )NP (PP of (NP the British auto maker )NP )PP )NP )PP )NP (SBAR (WHADVP when )WHADVP (S (NP (NP restrictions )NP (PP on (NP its *UNKING )NP )PP )NP (VP are (VP lifted )VP )VP )S )SBAR )VP )VP )S )VP )VP )S )SBAR )VP )S )PP )VP . )S  STOP
(S (NP The statement )NP (VP was (NP (NP part )NP (PP of (NP (NP a Ford filing )NP (PP with (NP the U.S. Securities and Exchange Commission )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Ford )NP (VP did n't (VP say (SBAR (SBAR (WHNP how much )WHNP (S (NP it )NP (VP might (VP offer (PP for (NP Jaguar )NP )PP )VP )VP )S )SBAR , or (FRAG (WHADVP when )WHADVP )FRAG )SBAR )VP )VP . )S  STOP
(S (NP The British government )NP (ADVP currently )ADVP (VP *UNK (NP any outside investor )NP (PP from (S (VP holding (NP (NP (QP more than 15 )QP % )NP (PP of (NP (NP the company 's )NP shares )NP )PP )NP (PP without (NP permission )NP )PP )VP )S )PP (PP until (NP Dec. 31 )NP )PP )VP , )S  STOP
(S But (PP with (NP (NP (NP its stake )NP (PP in (NP Jaguar )NP )PP )NP , (SBAR (WHNP which )WHNP (S (NP it )NP (VP raised (NP yesterday )NP (PP to (NP *UNKN % )NP )PP )VP )S )SBAR , )NP )PP (NP Ford )NP (VP could (VP (VP *UNK (NP a special Jaguar shareholders ' meeting )NP )VP and (VP urge (NP holders )NP (S (VP to (VP vote (S (VP to (VP drop (NP the restriction )NP (ADVP sooner )ADVP )VP )VP )S )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP A successful vote )NP (VP would (VP put (NP pressure )NP (PP on (NP the British government )NP )PP (S (VP to (VP lift (NP the restriction )NP )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP have not (VP made (NP that decision '' (S (VP to (VP seek (NP (NP a Jaguar special shareholders ' )NP meeting )NP )VP )VP )S )NP )VP )VP )S , (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a Ford spokesman )NP (PP in (NP London )NP )PP )NP )NP . )SINV  STOP
(S (NP He )NP (VP (VP emphasized (SBAR that (S (NP the car maker )NP (ADVP only )ADVP (VP would (VP bid (PP for (NP (NP all )NP (PP of (NP Jaguar )NP )PP )NP )PP (PP under (NP the right circumstances )NP )PP )VP )VP )S )SBAR )VP , and (VP said `` (S (NP those circumstances )NP (VP are n't (ADJP right or possible )ADJP (PP at (NP the moment )NP )PP )VP )S )VP )VP . '' )S  STOP
(S (NP Last month )NP , (NP Ford )NP (VP announced (NP plans (S (VP to (VP acquire (NP (NP (QP as much as 15 )QP % )NP (PP of (NP Jaguar )NP )PP )NP )VP )VP )S )NP )VP . )S  STOP
(S (PP Since (NP then )NP )PP , (NP Jaguar officials )NP (VP (VP have (VP confirmed (SBAR that (S (NP they )NP (VP are (VP discussing (NP (NP an alliance )NP (PP with (NP GM )NP )PP )NP )VP )VP )S )SBAR )VP )VP and (VP said (NP last week )NP (SBAR that (S (NP they )NP (VP hoped (S (VP to (VP reach (NP an agreement )NP (PP within (NP a month )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Analysts )NP (VP have (VP been (VP expecting (NP (NP a *UNKC pact )NP (SBAR (WHNP that )WHNP (S (VP would (VP (VP give (NP the U.S. car maker )NP (NP (NP an eventual (ADJP 30 % )ADJP stake )NP (PP in (NP the British company )NP )PP )NP )VP and (VP create (NP (NP joint ventures )NP (SBAR (WHNP that )WHNP (S (VP would (VP produce (NP (NP an *UNK- range )NP (PP of (NP cars )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP )VP )S )SBAR )NP )VP )VP )VP . )S  STOP
(S But (NP (NP the *UNK )NP (PP of (S (NP Ford )NP (VP (ADVP eventually )ADVP launching (NP a *UNKED bid )NP )VP )S )PP )NP (VP could (VP *UNK (NP the *UNKC talks )NP )VP )VP . )S  STOP
(SINV (S (NP Jaguar )NP (VP seems (S (VP to (VP be (VP losing (NP interest )NP (PP in (S (VP giving (NP GM )NP (NP a minority stake )NP )VP )S )PP )VP )VP )VP )S )VP )S , (VP said )VP (NP (NP one individual )NP (ADJP close (PP to (NP the talks )NP )PP )ADJP )NP , (S (VP adding , `` (S (NP It )NP (VP would n't (VP surprise (NP me )NP (SBAR if (S -LCB- (NP Jaguar executives )NP -RCB- (VP want (S (VP to (VP wait and see (SBAR (WHNP what )WHNP (S (NP (NP the color )NP (PP of (NP that -LCB- Ford bid -RCB- )NP )PP )NP (VP is )VP )S )SBAR '' (ADVP first )ADVP )VP )VP )S )VP )S )SBAR )VP )VP )S )VP )S . )SINV  STOP
(S (NP He )NP (VP predicted (SBAR (S (NP Ford officials )NP (VP will (VP meet (PP with (NP Jaguar executives )NP )PP (PP in (NP the next week )NP )PP (S (VP to (VP *UNK (NP their proposed offer )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Sir John *UNKC )NP , (NP (NP Jaguar 's )NP chairman )NP , )NP (ADVP so far )ADVP (VP has (VP refused (S (VP to (VP meet (PP with (NP Ford officials )NP )PP )VP )VP )S )VP )VP )S , but (S (NP he )NP (VP is (VP believed (S (VP to (VP be (ADJP willing (S (VP to (VP consider (NP a specific bid proposal )NP )VP )VP )S )ADJP )VP )VP )S )VP )VP )S . )S  STOP
(SINV (S (PP As (PP for (NP GM )NP )PP )PP , (NP its `` *UNK position )NP (VP has (S (VP to (VP be (NP (NP a full bid )NP (NP itself )NP )NP )VP )VP )S )VP )S , '' (VP said )VP (NP (NP Stephen *UNKC )NP , (NP (NP European *UNK- analyst )NP (PP at (NP London brokers (NP *UNKC & *UNKC )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP A Ford takeover )NP (PP of (NP Jaguar )NP )PP )NP (VP would `` (VP have (NP (NP such implications )NP (PP for (NP (NP the balance )NP (PP of (NP power )NP )PP (PP in (NP the 1990s )NP )PP )NP )PP (SBAR that (S (NP General Motors )NP (VP ca n't (VP afford (S (VP to (VP step (ADVP aside )ADVP )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP They )NP (VP will (VP have (S (VP to (VP throw (NP their hat )NP (PP in (NP the *UNKING )NP )PP )VP )VP )S )VP )VP . '' )S  STOP
(S (NP A GM spokesman )NP (NP yesterday )NP (VP *UNKED (NP (NP (NP the company 's )NP interest )NP (PP in (S (VP acquiring (NP a minority stake )NP (S (VP to (VP help (S (NP Jaguar )NP (VP remain (ADJP independent )ADJP )VP )S )VP )VP )S )VP )S )PP )NP )VP . )S  STOP
(S (S (NP A *UNKED battle )NP (VP could (VP mean (SBAR (S (NP Jaguar )NP (VP would (VP fetch (NP (NP (NP (NP # 10 )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN )NP (NP a share )NP )NP , or (NP (NP (QP about # 1.8 billion )QP )NP (PRN -LRB- (NP (QP $ *UNKN billion )QP )NP -RRB- )PRN )NP , )NP )VP )VP )S )SBAR )VP )VP )S (NP several analysts )NP (VP believe )VP . )S  STOP
(S (NP (NP The prospect )NP (PP of (NP such a takeover fight )NP )PP )NP (VP has (VP sent (S (NP Jaguar shares )NP (VP soaring )VP )S (PP in (NP recent weeks )NP )PP )VP )VP . )S  STOP
(S (NP U.S. *UNK- speculators )NP (ADVP now )ADVP (VP own (NP (NP an estimated 25 % )NP (PP of (NP Jaguar shares )NP )PP )NP )VP . )S  STOP
(S (PP In (NP a declining London stock market )NP )PP (NP yesterday )NP , (NP Jaguar shares )NP (VP were (ADVP down (NP four pence )NP (PP from (NP Monday )NP )PP )ADVP (PP in (NP late trading )NP )PP , (PP at (NP (NP (NP *UNKN pence )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN )NP (NP a share )NP )NP )PP )VP . )S  STOP
(S (PP In (NP the U.S. )NP )PP , (NP (NP Jaguar 's )NP American depositary receipts )NP (VP rose (NP 12.5 cents )NP (PP in (NP over-the-counter trading )NP )PP , (PP to (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (NP Both Ford and GM )NP (VP (ADVP badly )ADVP need (NP (NP a luxury brand )NP (SBAR (S (VP to (VP combat (NP (NP new competition )NP (PP from (NP the Japanese )NP )PP )NP (PP in (NP the European and U.S. markets )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S And (NP (ADJP financially *UNKED )ADJP Jaguar )NP (VP has (VP spent (NP over a year )NP (S (VP looking (PP for (NP (NP a rich *UNK )NP (SBAR (S (VP to (VP provide (NP (NP cash )NP and (NP technological know-how )NP )NP )VP )VP )S )SBAR )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP The company )NP (VP has (VP expressed (NP (NP a preference )NP (PP for (NP (NP GM )NP (PP over (NP Ford )NP )PP )NP )PP )NP (SBAR because (S (NP GM )NP (VP has (VP promised (SBAR (S (NP it )NP (VP would (VP keep (S (NP Jaguar )NP (ADJP independent )ADJP )S )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Ford 's )NP need (S (VP to (VP acquire (NP (NP some or all )NP (PP of (NP Jaguar )NP )PP )NP )VP )VP )S )NP (VP became (ADJP more *UNK )ADJP (NP (NP last week )NP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP abandoned (NP (NP a four-year effort )NP (S (VP to (VP market (NP its *UNKC Merkur *UNKC sedan )NP (PP as (NP a European luxury import )NP )PP (PP in (NP the U.S. )NP )PP )VP )VP )S )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP Then )ADVP , (NP last Friday )NP , (NP (NP (NP Ford 's )NP talks )NP (PP about (NP (NP a possible alliance )NP (PP with (NP (NP *UNKC AB )NP (PP of (NP Sweden )NP )PP )NP )PP )NP )PP )NP (VP collapsed )VP . )S  STOP
(S (NP (NP (NP GM 's )NP interest )NP (PP in (NP Jaguar )NP )PP )NP (VP reflects (NP a desire (S (VP to (VP help (VP *UNK (NP (NP (NP the U.S. company 's )NP products )NP (PP in (NP (NP the growing luxury-car segment )NP (PP of (NP the market )NP )PP )NP )PP )NP )VP )VP )VP )S )NP )VP . )S  STOP
(S (S (NP Its *UNKC line )NP (VP has (NP (NP a solid image )NP and (NP (NP a recent string )NP (PP of (NP (ADJP highly successful )ADJP new models )NP )PP )NP )NP )VP )S , but (S (NP it )NP (VP lacks (NP (NP Jaguar 's )NP *UNK )NP )VP )S . )S  STOP
(S (NP GM officials )NP (ADVP also )ADVP (VP see (NP (NP a lot )NP (PP of (NP potential )NP )PP )NP (PP in (S (VP *UNKING (NP (NP Jaguar 's )NP cars )NP (PP to (NP (NP the technological know-how )NP (PP of (NP (NP Group Lotus PLC )NP , (NP (NP a British engineering and specialty car maker )NP (SBAR (S (NP GM )NP (VP bought (PP in (NP 1986 )NP )PP )VP )S )SBAR )NP )NP )PP )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP Texaco Inc. )NP (VP reported (NP (NP an (ADJP 11 % )ADJP increase )NP (PP in (NP third-quarter earnings )NP )PP , (SBAR (WHNP which )WHNP (S (NP it )NP (VP attributed (PP (ADVP partly )ADVP to (NP (NP (NP the company 's )NP massive restructuring )NP (SBAR after (S (NP it )NP (VP emerged (PP from (NP bankruptcy-law proceedings )NP )PP (ADVP (NP 18 months )NP ago )ADVP )VP )S )SBAR )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Sun Co. )NP (ADVP also )ADVP (VP reported (NP higher earnings )NP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (PP like (NP (NP many other oil companies )NP (VP hurt (PP by (NP (ADJP *UNK- )ADJP *UNK businesses )NP )PP )VP )NP )PP , (NP (NP Mobil Corp. )NP , (NP Shell Oil Co. )NP and (NP Chevron Corp. )NP )NP (VP reported (NP lower quarterly earnings )NP )VP . )S  STOP
(NP Texaco )NP  STOP
(S (NP (NP Texaco 's )NP exploration and production earnings )NP (VP improved (PP as (NP (NP a result )NP (PP of (NP (NP its streamlining )NP (PP of (NP those operations )NP )PP (SBAR as (S (NP it )NP (VP sold (NP (NP many )NP (PP of (NP its marginal producing properties )NP )PP )NP (PP over (NP the past 18 months )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP An increase )NP (PP in (NP (NP production )NP (PP at (NP (NP (NP some major oil fields )NP (PP in (NP the North Sea )NP )PP )NP , (SBAR (WHNP which )WHNP (S (VP had (VP been (VP knocked (PRT out )PRT (PP by (NP an explosion )NP )PP (PP in (NP July 1988 )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )PP )NP , (ADVP also )ADVP (VP aided (NP results )NP )VP . )S  STOP
(S (NP (NP The sale )NP (PP of (NP (NP a portion )NP (PP of (NP refining and marketing operations )NP )PP )NP )PP (PP to (NP Saudi *UNKC )NP )PP )NP (VP helped (VP *UNK (NP (NP the decline )NP (PP in (NP (NP earnings )NP (PP from (NP that business )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(SINV `` (S (NP The company )NP (VP has (VP been (VP (ADVP completely )ADVP revamped )VP )VP )VP )S , '' (VP said )VP (NP (NP Frank *UNKC )NP , (NP (NP analyst )NP (PP for (NP Prudential-Bache Securities Inc )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP Third-quarter net income )NP (PP at (NP Texaco )NP )PP )NP (VP rose (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP (NP last year )NP )PP )VP . )S  STOP
(S (NP Revenue )NP (VP declined (NP 3.4 % )NP , (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP Per-share earnings )NP (VP declined (PP to (NP (NP $ 1.10 )NP (NP a share )NP )NP )PP (PP from (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP )VP , (PP (ADVP largely )ADVP because of (NP (NP (QP 21 million )QP additional shares )NP (VP issued (S (VP to (VP retire (NP (NP (QP $ 1 billion )QP )NP (PP of (NP debt )NP )PP )NP )VP )VP )S )VP )NP )PP . )S  STOP
(S (NP Per-share earnings )NP (ADVP also )ADVP (VP *UNK (PP because of (NP (NP dividends )NP (PP on (NP (NP a new series )NP (PP of (NP preferred stock )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Sun Sun Co. 's )NP net income )NP (VP climbed (NP 18 % )NP (PP to (NP (NP (QP $ 85 million )QP )NP , or (NP (NP 80 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ 72 million )QP )NP , or (NP (NP 67 cents )NP (NP a share )NP )NP )NP )PP )VP . )S  STOP
(S (NP Revenue )NP (VP increased (NP 11 % )NP , (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP Sun )NP (VP said (SBAR (S (NP (NP some )NP (PP of (NP the growth )NP )PP )NP (VP reflects (NP (NP higher earnings )NP (PP in (NP (NP the oil *UNK operation )NP (PP of (NP (NP *UNKC )NP , (NP a *UNKED Canadian subsidiary )NP )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Chairman Robert *UNKC Jr. )NP (VP said (SBAR (S (NP (NP the *UNK crude oil production )NP (PP from (NP the facility )NP )PP )NP (VP rose (SBAR even as (S (NP (NP the price )NP (PP for (NP that oil )NP )PP )NP (VP increased )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC exploration and production results )NP (ADVP also )ADVP (VP improved (PP because of (NP (NP additional output )NP (PP from (NP (NP the North Sea *UNKC Field )NP , (SBAR (WHNP (NP a portion )NP (WHPP of (WHNP which )WHNP )WHPP )WHNP (S (VP was (VP acquired (PP by (NP Sun )NP )PP (ADVP earlier (NP this year )NP )ADVP )VP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP Results )NP (VP declined , (ADVP however )ADVP , (PP in (NP (NP Sun 's )NP refining and marketing and coal businesses )NP )PP )VP . )S  STOP
(NP Shell Oil )NP  STOP
(S (NP (NP *UNKC )NP (PP of (NP (NP Shell )NP , (NP (NP a subsidiary )NP (PP of (NP the Royal *UNKC Group )NP )PP )NP , )NP )PP )NP (VP tumbled (NP (NP (QP $ 24 million )QP )NP , or (NP 6.6 % )NP , )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP , (PP despite (NP (NP a gain )NP (PP of (NP (QP $ 30 million )QP )NP )PP (PP from (NP an insurance settlement )NP )PP )NP )PP )VP . )S  STOP
(S (NP President Frank *UNKC )NP (VP attributed (NP the decline )NP (PP to (NP (NP lower natural gas prices )NP , (SBAR (WHNP which )WHNP (S (VP *UNKED (NP (NP higher earnings )NP (PP from (NP (NP the crude oil sector )NP (PP of (NP (NP Shell 's )NP exploration and production operation )NP )PP )NP )PP )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(SINV (VP *UNKING (PRT away )PRT (NP (NP some )NP (PP of (NP (NP the gain )NP (PP in (NP that unit )NP )PP )NP )PP )NP )VP (VP was )VP (NP (NP a decline )NP (PP in (NP U.S. oil production )NP )PP (PP to (NP (NP *UNKN barrels )NP (PP of (NP oil )NP )PP (NP a day )NP )NP (PP during (NP the quarter )NP )PP )PP (PP from (NP (NP *UNKN barrels )NP (NP a day )NP )NP (NP last year )NP )PP )NP . )SINV  STOP
(S (NP (NP Shell 's )NP chemical earnings )NP (VP fell (PP by (NP (QP $ 67 million )QP )NP )PP , (PP to (NP (QP $ *UNKN million )QP )NP )PP , (S (VP reflecting (NP (NP lower margins )NP and (NP (NP less demand )NP (PP for (NP commodity chemicals )NP )PP )NP )NP )VP )S )VP . )S  STOP
(NP Mobil )NP  STOP
(S (NP (NP Net income )NP (PP at (NP Mobil Corp. )NP )PP )NP (VP slipped (NP 4.5 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )VP . )S  STOP
(S (NP Revenue )NP (VP declined (NP (QP $ *UNKN million )QP )NP , (PP to (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP Earnings )NP (VP included (NP (NP a one-time gain )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP (PP on (NP (NP a property transaction )NP (PP in (NP Hong Kong )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Exploration and production profits )NP (VP slumped (NP (QP $ 40 million )QP )NP (ADVP due (PP to (NP (NP a provision )NP (PP for (NP restructuring costs )NP )PP )NP )PP )ADVP )VP . )S  STOP
(S (NP The restructuring )NP (VP (VP will (VP take (NP place )NP (PP over (NP a two-year period )NP )PP )VP )VP and (VP will (VP involve (NP (NP the transfer and *UNK )NP (PP of (NP (NP employees )NP (PP in (NP U.S. operations )NP )PP )NP )PP (SBAR (S (VP to (VP (VP reduce (NP costs )NP )VP and (VP focus (NP efforts )NP (PP in (NP other areas )NP )PP )VP )VP )VP )S )SBAR )NP )VP )VP )VP . )S  STOP
(S (NP Last year )NP , (NP third-quarter earnings )NP (VP included (NP (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP gain )NP (PP from (NP foreign tax rate changes )NP )PP )NP and (NP (NP a loss )NP (PP from (NP (NP a (ADJP (QP $ 65 million )QP )ADJP *UNK- )NP (PP of (NP reserves )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(NP Chevron )NP  STOP
(S (NP (NP Chevron 's )NP net income )NP (VP fell (NP 0.7 % )NP , (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )VP . )S  STOP
(S (NP Results )NP (VP included (NP (NP (NP a (ADJP (QP $ 37 million )QP )ADJP gain )NP (PP from (NP (NP the sale )NP (PP of (NP (NP rights )NP (PP from (NP (NP (NP Chevron 's )NP investment )NP (PP in (NP *UNKC Inc. )NP )PP )NP )PP )NP )PP )NP )PP )NP , and (NP (NP a loss )NP (PP of (NP (QP $ 30 million )QP )NP )PP (PP from (NP (NP the sale )NP (PP of (NP California oil and gas properties )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP 11 % )NP , (PP to (NP (QP $ 8 billion )QP )NP )PP (PP from (NP (QP $ 7.2 billion )QP )NP )PP )VP . )S  STOP
(S (NP Chevron )NP (VP said (SBAR (S (S (NP higher crude oil prices )NP (VP boosted (NP (NP profits )NP (PP from (NP production operations )NP )PP )NP )VP )S , but (S (NP (NP margins )NP (PP in (NP refining and marketing )NP )PP )NP (VP declined )VP )S )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP from (NP U.S. exploration and production operations )NP )PP )NP (VP totaled (NP (QP $ 58 million )QP )NP , (PP after (NP the property sale loss )NP )PP , (PP compared (PP with (NP (NP a year-earlier (ADJP (QP $ 44 million )QP )ADJP loss )NP (SBAR (WHNP that )WHNP (S (VP included (NP a (ADJP (QP $ 16 million )QP )ADJP reorganization charge )NP )VP )S )SBAR )NP )PP )PP )VP . )S  STOP
(S (NP *UNKING and marketing operations )NP (VP earned (NP (QP $ 130 million )QP )NP (PP in (NP the quarter )NP )PP (NP this year )NP , (PP compared (PP with (NP (NP earnings )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP (ADVP (NP a year )NP earlier )ADVP (SBAR (WHNP that )WHNP (S (VP included (NP (NP (QP $ 18 million )QP )NP (PP in (NP (NP charges )NP (PP for (NP environmental programs )NP )PP )NP )PP )NP )VP )S )SBAR )NP )PP )PP )VP . )S  STOP
(S (NP Foreign earnings )NP (VP fell (PP to (NP (QP $ 180 million )QP )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP (SBAR (WHNP that )WHNP (S (VP included (NP (NP a (ADJP (QP $ 48 million )QP )ADJP gain )NP (PP from (NP lower (ADJP Canadian and Australian )ADJP taxes )NP )PP )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Chemical profits )NP (VP fell (PP to (NP (QP $ 78 million )QP )NP )PP (PP from (NP (QP $ 98 million )QP )NP )PP )VP . )S  STOP
(S (NP Jeff Rowe )NP (VP contributed (PP to (NP this article )NP )PP )VP . )S  STOP
(S (NP *UNKC Inc. )NP , (S (VP continuing (NP its effort (S (VP to (VP *UNK (NP its business )NP )VP )VP )S )NP )VP )S , (VP (VP ended (NP (NP its involvement )NP (PP in (NP asbestos mining )NP )PP )NP (PP in (NP the third quarter )NP )PP )VP and (VP said (SBAR (S (NP it )NP (VP would (VP stop (S (VP mining and selling (NP coal )NP )VP )S (PP by (NP year end )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The mining , metal and *UNK- concern )NP (VP said (SBAR (S (NP (NP combined revenue )NP (PP for (NP asbestos and coal )NP )PP )NP (VP was (NP (NP (QP about $ 40 million )QP )NP (PP of (NP (NP (NP the company 's )NP total revenue )NP (PP in (NP 1988 )NP )PP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Richard de J. *UNKC )NP , (NP (NP chairman )NP , (NP president )NP and (NP chief executive officer )NP )NP , )NP (VP said (SBAR (S (NP (NP the company 's )NP `` decisions (S (VP to (VP get (PP out (PP of (NP (NP asbestos )NP and (NP *UNK- coal )NP )NP )PP )PP )VP )VP )S )NP (VP continue (NP (NP the process )NP (PP of (S (VP (VP *UNKING )VP and (VP focusing (NP the company )NP (PP in (NP (NP areas )NP (PP with (NP a better future )NP )PP )NP )PP )VP )VP )S )PP )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP *UNKC )NP (ADVP also )ADVP (VP reported (SBAR (S (NP third-quarter net income )NP (VP rose (NP 14 % )NP , (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ 1.25 )NP (NP a share )NP )NP )NP )PP , (PP from (NP (NP a restated (QP $ *UNKN million )QP )NP , or (NP (NP $ 1.10 )NP (NP a share )NP )NP )NP , (ADVP (NP a year )NP earlier )ADVP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP the gain )NP (VP reflected (NP (NP (NP continued strength )NP (PP in (NP (NP prices )NP (PP for (NP *UNKED copper , lead and *UNK )NP )PP )NP )PP )NP , and (NP (NP higher equity earnings )NP (PP in (NP (NP Mexico *UNKC Industrial *UNKC S.A. )NP , (NP (NP a Mexican mining company )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP *UNKC )NP (VP has (NP a (ADJP 34 % )ADJP stake )NP )VP )S )SBAR )NP )NP )PP )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The 1988 results )NP (VP were (VP restated (PP for (NP *UNK- changes )NP )PP )VP )VP . )S  STOP
(S (NP Sales )NP (VP rose (NP 4.5 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (PP In (NP August )NP )PP , (NP Asarco )NP , (PP through (NP its *UNKC *UNK *UNK Quebec subsidiary )NP )PP , (VP sold (NP (NP its remaining one-third interest )NP (PP in (NP (NP an asbestos mining limited partnership )NP (PP in (NP Canada )NP )PP )NP )PP )NP (PP for (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP Asarco )NP (VP said (SBAR (S (NP it )NP (VP (VP plans (S (VP to (VP (VP shut (PRT down )PRT )VP or (VP sell )VP (NP its *UNKC coal mine )NP )VP )VP )S )VP and (VP will (VP end (NP (NP its involvement )NP (PP in (NP southern Illinois strip mining )NP )PP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (SBAR that (S (NP it )NP (VP is (VP discussing (NP (NP a *UNK- buy-out )NP (PP of (NP the facility )NP )PP )NP )VP )VP )S )SBAR , but (SBAR that (S (NP it )NP (VP would (VP stop (S (VP mining and selling (NP coal )NP )VP )S (PP at (NP (NP year end )NP (SBAR (WHADVP when )WHADVP (S (NP existing sales contracts )NP (VP expire )VP )S )SBAR )NP )PP , (ADVP regardless (PP of (NP (NP the outcome )NP (PP of (NP those talks )NP )PP )NP )PP )ADVP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP , (NP Asarco )NP (VP fell (NP $ *UNKN )NP (S (VP to (VP close (PP at (NP $ *UNKN )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP Companies )NP (VP listed (ADVP below )ADVP )VP )NP (VP reported (NP (NP quarterly profit )NP (ADJP substantially different (PP from (NP (NP the average )NP (PP of (NP (NP analysts ' )NP estimates )NP )PP )NP )PP )ADJP )NP )VP . )S  STOP
(S (NP The companies )NP (VP (VP are (VP followed (PP by (NP (QP at least three )QP analysts )NP )PP )VP )VP , and (VP had (NP (NP a minimum five-cent change )NP (PP in (NP (NP actual earnings )NP (PP per (NP share )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Estimated and actual results )NP (VP involving (NP losses )NP )VP )NP (VP are (VP omitted )VP )VP . )S  STOP
(S (NP The percent difference )NP (VP compares (NP actual profit )NP (PP with (NP (NP the 30-day estimate )NP (SBAR (WHADVP where )WHADVP (S (NP (QP at least three )QP analysts )NP (VP have (NP issues forecasts )NP (PP in (NP the past 30 days )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (ADVP Otherwise )ADVP , (NP actual profit )NP (VP is (VP compared (PP with (NP the 300-day estimate )NP )PP )VP )VP . )S  STOP
(S (NP David W. *UNKC )NP (VP was (VP elected (S (NP (NP (NP vice president )NP and (NP chief financial officer )NP )NP , (ADJP effective (NP Nov. 1 )NP )ADJP )NP )S )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (ADJP (NP 48 years )NP old )ADJP , (NP (NP a former finance executive )NP (PP at (NP (NP *UNKC *UNKING *UNKC Co. )NP and (NP *UNKC Corp. )NP )NP )PP )NP , )NP (VP succeeds (NP (NP *UNKC L. *UNKC )NP , (NP 64 )NP , (SBAR (WHNP who )WHNP (S (VP plans (S (VP to (VP retire (PP from (NP the company )NP )PP (NP next year )NP )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Carlos A. *UNKC )NP , (NP (NP vice president )NP , (NP pharmaceutical manufacturing )NP , )NP )NP (VP will (VP assume (NP (NP responsibility )NP (PP for (NP (NP manufacturing )NP (PP in (NP (NP *UNKC )NP , (NP Mich. )NP , )NP )PP )NP )PP (ADJP effective (NP Nov. 1 )NP )ADJP )NP )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (ADJP (NP 53 years )NP old )ADJP , )NP (VP succeeds (NP (NP John C. *UNKC )NP , (NP 57 )NP , (SBAR (WHNP who )WHNP (S (VP is (VP retiring (PP as (NP (NP corporate vice president )NP (PP of (NP pharmaceutical manufacturing )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (NP (NP a world-wide provider )NP (PP of (NP (NP (NP health-care products )NP and (NP services )NP )NP , (NP (NP seeds )NP and (NP *UNK chemicals )NP )NP )NP )PP )NP )VP . )S  STOP
(S (NP This (NAC Brooklyn , N.Y. , )NAC *UNK- maker )NP (VP announced (NP (NP a (ADJP 5 % )ADJP stock dividend )NP (ADJP payable (NP Dec. 15 )NP , (PP to (NP (NP holders )NP (PP of (NP record )NP )PP (NP Nov. 15 )NP )NP )PP )ADJP )NP )VP . )S  STOP
(S (PP As (PP of (NP Sept. 30 )NP )PP )PP , (NP *UNKC )NP (VP had (NP (NP (QP 5.3 million )QP common shares )NP (ADJP outstanding )ADJP )NP )VP . )S  STOP
(S (NP (NP Jay *UNKC )NP , (NP president )NP , )NP (VP said (SBAR (S (NP the move )NP `` (VP reflects (NP (NP (NP the confidence )NP (PP of (NP our board and management )NP )PP (PP in (NP (NP *UNKC 's )NP long-term prospects )NP )PP )NP and (NP our desire (S (VP to (VP provide (NP our shareholders )NP (PP with (NP (NP an attractive return )NP (PP on (NP their investment )NP )PP )NP )PP )VP )VP )S )NP )NP )VP )S )SBAR )VP . '' )S  STOP
(S (PP In (NP American Stock Exchange composite trading )NP )PP , (NP *UNKC )NP (VP closed (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP , (ADVP up (NP 6.25 cents )NP )ADVP )VP . )S  STOP
(S (NP Walter M. Brady )NP (VP was (VP named (S (NP (NP a senior vice president )NP (PP of (NP this insurer )NP )PP (PP in (NP the Canadian head office )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP He )NP (VP had (VP been (NP (NP vice )NP president (PP in (NP that office )NP )PP )NP )VP )VP . )S  STOP
(S (NP John B. *UNKC )NP (VP was (VP named (S (NP senior vice president )NP )S )VP and (VP remains (ADJP responsible (PP for (NP the individual policy services department )NP )PP )ADJP )VP )VP . )S  STOP
(S (NP Frank J. *UNKC )NP (VP was (VP named (S (NP (NP senior vice president )NP (PP in (NP (NP charge )NP (PP of (NP the mortgage finance department )NP )PP )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP He )NP (VP had (VP been (NP (NP vice president )NP (PP of (NP (NP the department )NP , (SBAR (WHNP which )WHNP (S (VP was (ADVP formerly )ADVP (VP called (S (NP the real estate department )NP )S )VP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC C. Brown )NP , (NP a vice president )NP , )NP (VP was (VP named (S (NP (NP (NP executive vice president )NP and (NP a director )NP )NP (PP of (NP this *UNKING and specialty products concern )NP )PP )NP )S )VP )VP . )S  STOP
(S (PP In (NP the director post )NP )PP , (NP (NP Mr. Brown )NP , (ADJP (NP 38 years )NP old )ADJP , )NP (VP succeeds (NP (NP Joseph W. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP retired (PP from (NP the board )NP )PP (PP in (NP August )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP C. *UNKC *UNKC )NP , (NP 49 )NP , (NP (NP vice president )NP and (NP chief financial officer )NP )NP , )NP (VP was (VP named (S (NP (NP (NP senior vice president )NP (PP of (NP corporate development and acquisitions )NP )PP )NP , (NP a new post )NP )NP )S )VP )VP . )S  STOP
(S (NP (NP *UNKC J. *UNKC )NP , (NP 37 )NP , (NP (NP vice president )NP , (NP secretary )NP and (NP treasurer )NP )NP , )NP (VP was (VP named (S (NP (NP (NP vice president )NP (PP of (NP finance )NP )PP )NP and (NP chief financial officer )NP )NP )S )VP )VP . )S  STOP
(S (NP He )NP (VP remains (NP secretary )NP )VP . )S  STOP
(S (NP (NP Ronald B. *UNKC )NP , (ADJP (NP 55 years )NP old )ADJP , )NP (VP was (VP named (S (NP (NP a senior managing director )NP (PP of (NP (NP the *UNKC & Co. brokerage subsidiary )NP (PP of (NP this insurance and financial-services firm )NP )PP )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP will (VP build (NP (NP the *UNK- and investment-banking business )NP (PP of (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP has (ADVP primarily )ADVP (VP been (NP a *UNKED firm )NP )VP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP He )NP (VP was (NP (NP (NP chairman )NP and (NP *UNK- executive officer )NP )NP (PP of (NP *UNKC , *UNKC & Co. )NP )PP )NP (PP until (NP (NP July )NP , (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP was (VP named (S (NP (NP *UNK- )NP (PP of (NP the investment-banking firm )NP )PP )NP )S (ADVP along (PP with (NP (NP Howard L. *UNKC Jr. )NP , (SBAR (WHNP who )WHNP (S (ADVP then )ADVP (VP became (NP the sole chief executive )NP )VP )S )SBAR )NP )PP )ADVP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Yesterday )NP , (NP (NP Mr. *UNKC )NP , (NP 41 )NP , )NP (VP (VP said (SBAR (S (NP he )NP (VP was n't (ADJP aware (PP of (NP (NP plans )NP (PP at (NP *UNKC )NP )PP (S (VP to (VP name (NP (NP a *UNK- )NP (SBAR (S (VP to (VP succeed (NP Mr. *UNKC )NP )VP )VP )S )SBAR )NP )VP )VP )S )NP )PP )ADJP )VP )S )SBAR )VP and (VP said (SBAR (S (NP the board )NP (VP would (VP need (S (VP to (VP approve (NP any (NX (NX appointments )NX or (NX title changes )NX )NX )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP added (SBAR (S (S (NP he )NP (VP was n't (ADJP surprised (SBAR (S (NP Mr. *UNKC )NP (VP resigned )VP )S )SBAR )ADJP )VP )S , but (S (NP his departure )NP (VP was `` (NP (NP nothing )NP (SBAR (WHNP that )WHNP (S (NP we )NP (VP (VP *UNKED )VP or (VP worked (PP for )PP )VP )VP )S )SBAR )NP )VP )S )S )SBAR )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP said : `` (S (NP I )NP (VP (ADVP just )ADVP got (NP (NP a tremendous offer )NP (PP from (NP *UNKC )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP MCI Communications Corp. )NP (VP said (SBAR (S (NP it )NP (VP received (NP a (ADJP (QP $ 12 million )QP )ADJP contract (S (VP to (VP provide (NP *UNK network services )NP (PP to (NP (NP (NP *UNKC Corp. 's )NP *UNKN corporate and retail sites )NP (PP in (NP the )NP )PP )NP )PP )VP )VP )S )NP )VP )S )SBAR )VP )S  STOP
(S (NP The contract )NP (ADVP also )ADVP (VP provides (PP for (NP advanced billing and network management services )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP expects (S (VP to (VP expand (NP (NP *UNK )NP (PP of (NP the MCI services )NP )PP )NP (SBAR as (S (NP it )NP (VP adds (NP (QP about 6,000 )QP business locations )NP (PP over (NP the next few years )NP )PP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The Philippine merchandise trade deficit )NP (VP widened (PP to (NP (QP $ *UNKN billion )QP )NP (PP during (NP (NP the first eight months )NP (PP of (NP 1989 )NP )PP )NP )PP )PP (PP from (NP (QP $ *UNKN million )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP . )S  STOP
(S (S (NP Imports )NP (VP continued (S (VP to (VP *UNK (NP Philippine exports )NP )VP )VP )S , (PP despite (NP (NP gains )NP (PP in (NP shipments abroad )NP )PP )NP )PP , )VP )S (NP the government National Statistics Office )NP (VP said )VP . )S  STOP
(S (NP *UNKC )NP (VP reached (NP (QP $ *UNKN billion )QP )NP , (ADVP up (PP from (NP (QP $ *UNKN billion )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP )ADVP , (SBAR while (S (NP imports )NP (VP rose (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The trade deficit )NP (PP in (NP the first eight months )NP )PP )NP (VP is (ADVP already )ADVP (ADJP wider (PP than (NP (NP the trade gap )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP (PP for (NP (NP all )NP (PP of (NP 1988 )NP )PP )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (NP Analysts )NP (VP expect (S (NP (NP the trade gap )NP (PP for (NP the year )NP )PP )NP (VP to (VP *UNK (NP (QP $ 2 billion )QP )NP )VP )VP )S (SBAR as (S (NP (NP demand )NP (PP for (NP (NP capital equipment )NP and (NP raw materials )NP )NP )PP )NP (VP continues (S (VP to (VP push (NP imports )NP (ADJP higher )ADJP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Corp. )NP (VP said (SBAR (S (NP it )NP (VP signed (NP (NP a definitive agreement )NP (PP with (NP (NP *UNKC *UNKC Inc. )NP , (NP (NP a (NAC *UNKC Hill , N.J. , )NAC maker )NP (PP of (NP health-care products )NP )PP )NP , )NP )PP (PP for (NP (NP the purchase )NP (PP of (NP (NP the company 's )NP *UNKC *UNKC division )NP )PP (PP for (NP (QP about $ 11 million )QP )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP (NP a maker )NP (PP of (NP electronic medical equipment )NP )PP )NP , )NP (VP said (SBAR (S (NP the transaction )NP (VP is (VP expected (S (VP to (VP close (PP on or before (NP Nov. 30 )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP *UNKC )NP (VP had (NP (NP 1988 sales )NP (PP of (NP (QP about $ 14 million )QP )NP )PP )NP )VP )S , (NP *UNKC )NP (VP said )VP . )S  STOP
(NP (NP *UNKC )NP , (NP N.C. )NP -- )NP  STOP
(S (NP First *UNKC Corp. )NP (VP said (SBAR (S (NP John F. *UNKC III )NP (VP will (VP retire (PP as (NP (NP (NP president )NP and (NP chief executive officer )NP )NP (PP of (NP (NP this regional banking company 's )NP *UNKC Corp. and *UNKC Bank & Trust Co. subsidiaries )NP )PP )NP )PP (PP on (NP Dec. 31 )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (ADJP (NP 62 years )NP old )ADJP , )NP (VP will (VP be (VP succeeded (PP by (NP (NP *UNKC `` *UNKC '' Baker Jr. )NP , (NP 47 )NP , (NP (NP (NP the parent 's )NP chief credit officer )NP and (NP (NP head )NP (PP of (NP its administration division )NP )PP )NP )NP )NP )PP )VP )VP )VP . )S  STOP
(S (S (NP Mr. Baker )NP (VP will (VP *UNK (NP his previous positions )NP )VP )VP )S , but (S (NP (NP a successor )NP (PP for (NP him )NP )PP )NP (VP has n't (VP been (VP named (ADVP yet )ADVP )VP )VP )VP )S . )S  STOP
(S (PP In (NP addition )NP )PP , (PP on (NP Jan. 1 )NP )PP , (NP (NP Thomas A. Bennett )NP , (NP 52 )NP , )NP (VP will (VP become (NP (NP (NP vice chairman )NP and (NP chief operating officer )NP )NP (PP of (NP (NP *UNKC )NP and (NP *UNKC Bank & Trust )NP )NP )PP )NP , (S (VP filling (NP (NP a vacancy )NP (VP left (PP by (NP the (ADJP retired )ADJP *UNKC W. *UNKC )NP )PP (PP in (NP April )NP )PP )VP )NP )VP )S )VP )VP . )S  STOP
(S (NP Mr. Bennett )NP (VP will (VP continue (PP as (NP (NP executive )NP (PP in (NP (NP charge )NP (PP of (NP the North Carolina banking operation )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Messrs. (NX (NX Baker )NX and (NX Bennett )NX )NX )NP (VP have (VP been (VP elected (S (NP (NP directors )NP (PP of (NP (NP Wachovia )NP and (NP Wachovia Bank & Trust )NP )NP )PP )NP )S (S (VP filling (NP (NP vacant seats )NP (PP on (NP both boards )NP )PP )NP )VP )S )VP )VP )VP . )S  STOP
(S (S (NP Canadian retail sales )NP (VP rose (NP 0.2 % )NP (PP in (NP August )NP )PP (PP from (NP July )NP )PP )VP )S , (NP (NP Statistics Canada )NP , (NP a federal agency )NP , )NP (VP said )VP . )S  STOP
(S (NP The August increase )NP (VP followed (NP (NP a (ADJP 0.3 % )ADJP decline )NP (PP in (NP July )NP )PP )NP )VP . )S  STOP
(S (S (PP During (NP the past four months )NP )PP , (NP retail sales )NP (VP have (VP remained (ADJP generally weak )ADJP , (S (VP *UNKING (NP (NP (NP an average )NP (NP 0.2 % )NP )NP (NP a month )NP )NP )VP )S )VP )VP )S , (NP the agency )NP (VP said )VP . )S  STOP
(S (S (NP (NP *UNKC production )NP (PP by (NP (NP the nation 's )NP mills )NP )PP )NP (VP *UNKED (NP 0.7 % )NP (NP last week )NP (PP to (NP *UNKN tons )NP )PP (PP from (NP *UNKN tons )NP (NP the previous week )NP )PP )VP )S , (NP the American Iron and Steel Institute )NP (VP said )VP . )S  STOP
(S (NP (NP Last week 's )NP output )NP (VP fell (NP 1.7 % )NP (PP from (NP (NP the *UNKN tons )NP (VP produced (ADVP (NP a year )NP earlier )ADVP )VP )NP )PP )VP . )S  STOP
(S (NP The industry )NP (VP used (NP (NP *UNKN % )NP (PP of (NP its capability )NP )PP )NP (NP last week )NP , (PP compared (PP with (NP (NP (NP *UNKN % )NP (NP the previous week )NP )NP and (NP (NP *UNKN % )NP (ADVP (NP a year )NP ago )ADVP )NP )NP )PP )PP )VP . )S  STOP
(S (NP The American Iron and Steel Institute )NP (VP reported : (SBAR (S (NP The capability utilization rate )NP (VP is (NP (NP a *UNK )NP (VP designed (S (VP to (VP indicate (SBAR (WHPP at (WHNP (WHNP what percent )WHNP (PP of (NP its production capability )NP )PP )WHNP )WHPP (S (NP the industry )NP (VP is (VP operating (PP in (NP a given week )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP )NP )VP . )S )SBAR )VP )S  STOP
(S (S (PP With (NP (NP reduced exports )NP and (NP rising imports )NP )NP )PP , (NP (NP (NP South Korea 's )NP trade *UNK )NP (PP with (NP (NP the U.S. )NP and (NP Europe )NP )NP )PP (PP between (NP January and September )NP )PP )NP (VP fell (ADVP sharply )ADVP (PP from (ADVP (NP a year )NP ago )ADVP )PP )VP )S , (NP the *UNKC Administration )NP (VP said )VP . )S  STOP
(S (NP Officials )NP (VP said (SBAR (S (NP (NP (NP South Korea 's )NP trade surplus )NP (PP with (NP the U.S. )NP )PP (PP for (NP (NP the first nine months )NP (PP of (NP the year )NP )PP )NP )PP )NP (VP totaled (NP (QP $ *UNKN billion )QP )NP , (ADVP down (NP 43 % )NP (PP from (NP (NP the same period )NP (NP last year )NP )NP )PP (PP on (NP a *UNK- basis )NP )PP )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP South Korean exports )NP (PP to (NP the U.S. )NP )PP (PP during (NP the period )NP )PP )NP (VP fell (NP 1.6 % )NP (PP from (ADVP (NP a year )NP ago )ADVP )PP (PP to (NP (QP $ *UNKN billion )QP )NP )PP , (SBAR while (S (NP (NP imports )NP (PP from (NP the U.S. )NP )PP )NP (VP soared (NP 26 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The trade surplus )NP (PP with (NP Europe )NP )PP )NP (VP was (VP *UNKED (PP at (NP (QP $ *UNKN million )QP )NP )PP , (ADVP down (NP 57 % )NP (PP from (NP (NP a year )NP ago )NP )PP )ADVP )VP )VP . )S  STOP
(S (NP Officials )NP (VP said (SBAR (S (NP (NP (ADJP South Korean )ADJP exports )NP (PP to (NP Europe )NP )PP )NP (VP dropped (NP 5.3 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP )VP )S )SBAR (SBAR while (S (NP (NP imports )NP (PP from (NP there )NP )PP )NP (VP went (ADVP up (NP 17 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC & *UNKC Inc. )NP (VP said (SBAR (S (NP its pharmaceuticals subsidiary )NP (VP agreed (S (VP to (VP supply (NP (NP *UNK *UNK *UNK )NP (PP for (NP animal eye surgery )NP )PP )NP (PP to (NP (NP a unit )NP (PP of (NP International *UNKC & Chemical Corp )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Terms )NP (VP were n't (VP disclosed )VP )VP . )S  STOP
(S (NP The agreement )NP (VP marks (NP (NP (NP *UNKC & *UNKC 's )NP first venture )NP (VP selling (NP its eye care products )NP (PP for (NP (NP use )NP (PP by (NP *UNK )NP )PP )NP )PP )VP )NP )VP . )S  STOP
(S (NP The *UNK *UNK shield )NP (VP helps (VP speed (NP (NP *UNKING )NP (PP of (NP the *UNK )NP )PP (PP after (NP eye surgery )NP )PP )NP )VP )VP . )S  STOP
(S (NP The product )NP (VP will (VP be (VP distributed (PP by (NP (NP *UNKC Inc. )NP , (NP (NP a subsidiary )NP (PP of (NP International *UNKC )NP )PP )NP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP (NP France 's )NP industrial production index )NP (PP for (NP July and August )NP )PP )NP (VP (VP rose (NP 1 % )NP (PP from (NP June )NP )PP )VP and (VP was (ADVP up (NP 4.6 % )NP (PP from (ADVP (NP a year )NP ago )ADVP )PP )ADVP )VP , (PP according (PP to (NP (NP (ADJP seasonally adjusted )ADJP data )NP (PP from (NP the National Statistics Institute )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP (NP The state agency )NP , (SBAR (WHNP which )WHNP (S (VP (VP (ADVP usually )ADVP publishes (NP the data )NP (PP on (NP monthly basis )NP )PP )VP , but (VP (ADVP traditionally )ADVP *UNK (NP (NP the index )NP (PP for (NP the two *UNK- months )NP )PP )NP )VP )VP )S )SBAR , )NP (VP said (SBAR (S (NP the advance )NP (VP was (VP led (PP by (NP (NP (NP output )NP (PP of (NP consumer goods )NP )PP )NP , (SBAR (WHNP which )WHNP (S (VP (VP rose (NP 3.5 % )NP (PP from (NP June )NP )PP )VP and (VP was (ADVP up (NP 7.2 % )NP (PP from (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKED goods )NP (VP turned (PRT in )PRT (NP a strong showing )NP , (PP with (NP (NP (NP a monthly rise )NP (PP of (NP 2 % )NP )PP )NP and (NP (NP a *UNK- advance )NP (PP of (NP 3 % )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP Food production )NP (VP was (ADVP (ADVP ahead (NP 1.7 % )NP (PP from (NP June )NP )PP )ADVP and (ADVP (NP 5.3 % )NP (PP from (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )ADVP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP in (NP the *UNK- sector )NP )PP )NP (VP was (ADVP (ADVP ahead (NP 0.9 % )NP (PP on (NP a monthly basis )NP )PP )ADVP and (ADVP (NP 2.7 % )NP (NP (NP year )NP (PP on (NP year )NP )PP )NP )ADVP )ADVP )VP . )S  STOP
(S (NP These gains )NP (VP were (VP (ADVP partly )ADVP offset (PP by (NP (NP output )NP (PP of (NP (NP cars )NP and (NP other consumer *UNK )NP )NP )PP , (SBAR (WHNP which )WHNP (S (VP eased (NP 3.9 % )NP (PP from (NP (NP June 's )NP high level )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP The sector )NP (VP was (ADVP still )ADVP (PP (NP 8.8 % )NP above (NP (NP its output levels )NP (PP from (ADVP (NP a year )NP earlier )ADVP )PP )NP )PP , (ADVP however )ADVP )VP . )S  STOP
(S (NP International *UNKC & Chemical Corp. )NP (VP said (SBAR (S (NP it )NP (VP agreed (ADVP *UNKLY )ADVP (S (VP to (VP sell (NP its international *UNK business )NP (PP to (NP (NP *UNKC AG )NP (PP of (NP West Germany )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Terms )NP (VP were n't (VP disclosed )VP )VP . )S  STOP
(S (NP (NP The maker )NP (PP of (NP animal health and *UNK products )NP )PP )NP (VP said (SBAR (S (NP (NP the business )NP , (NP (NP *UNKC *UNKC )NP (PP of (NP (NP (NP *UNKC *UNKC )NP , (NP Switzerland )NP , )NP and (NP (NP *UNKC )NP , (NP N.Y. )NP , )NP )NP )PP )NP )NP (VP (VP is (NP (NP a division )NP (PP of (NP its *UNKC Inc. subsidiary )NP )PP )NP )VP and (VP had (NP (NP sales )NP (PP of (NP (QP about $ 30 million )QP )NP )PP (PP for (NP its (ADJP most recent )ADJP year )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP International *UNKC )NP (VP said (SBAR (S (NP the sale )NP (VP will (VP allow (S (NP *UNKC )NP (VP to (VP focus (NP its resources )NP (PP on (NP (NP its core businesses )NP (PP of (NP (NP medical products )NP , (NP specialty chemicals )NP and (NP *UNK )NP )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Consumers Power Co. )NP (VP filed (PP with (NP the Michigan Public Service Commission )NP )PP (NP a contract (S (VP to (VP buy (NP power )NP (PP from (NP the *UNKC nuclear plant )NP )PP (PP under (NP (NP a proposed new ownership arrangement )NP (PP for (NP the plant )NP )PP )NP )PP )VP )VP )S )NP )VP . )S  STOP
(S (NP (NP Consumers Power )NP and (NP *UNKC Power Corp. )NP )NP (NP last year )NP (VP announced (NP a joint venture (S (VP to (VP buy (NP (NP the plant )NP , (VP (ADVP currently )ADVP owned (ADVP completely )ADVP (PP by (NP the utility )NP )PP )VP )NP )VP )VP )S )NP )VP . )S  STOP
(S (NP Two Japanese scientists )NP (VP said (SBAR (S (NP they )NP (VP discovered (NP (NP an *UNK )NP (SBAR (WHNP that )WHNP , (S (PP in (NP laboratory *UNK- experiments )NP )PP , (VP *UNK (NP *UNKED cells )NP (SBAR while (S (VP *UNKING (NP healthy cells )NP )VP )S )SBAR )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (SBAR If (S (NP further experiments )NP (VP are (ADJP successful )ADJP )VP )S )SBAR , (NP the work )NP (VP would (VP represent (NP (NP a major advance )NP (PP in (NP (NP research )NP (PP on (NP acquired immune *UNK syndrome )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP The drug AZT )NP , (NP (NP the only treatment )NP (RRC (ADVP currently )ADVP (PP on (NP the market )NP )PP )RRC )NP , )NP (VP claims (S (VP (ADVP only )ADVP (VP to (VP help (S (VP stop (NP (NP the spread )NP (PP of (NP AIDS )NP )PP )NP )VP )S )VP )VP , not (VP to (VP cure (NP it )NP )VP )VP )VP )S )VP . )S  STOP
(S But (NP (NP (NP several analysts )NP and (NP Japanese scientists )NP )NP (ADJP familiar (PP with (NP (NP the study )NP , (SBAR (WHNP which )WHNP (S (VP was (VP announced (PP at (NP (NP a conference )NP (PP in (NP *UNKC )NP )PP )NP )PP (NP yesterday )NP )VP )VP )S )SBAR , )NP )PP )ADJP )NP (VP expressed (NP *UNK )NP (PP over (NP (NP the *UNK )NP (PP of (NP the results )NP )PP )NP )PP )VP . )S  STOP
(S And (NP (NP the researchers )NP (NP themselves )NP )NP (VP acknowledged (SBAR (S (NP they )NP (ADVP still )ADVP (VP must (VP do (NP (ADJP much more )ADJP work )NP (SBAR before (S (NP they )NP (VP can (VP say (SBAR whether (S (NP the treatment )NP (VP would (ADVP actually )ADVP (VP cure (NP humans )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP a research scientist )NP (PP at (NP (NP the Tokyo Metropolitan Institute )NP (PP of (NP Medical Science )NP )PP )NP )PP )NP , )NP (VP said (SBAR (S (NP (NP the *UNK )NP (SBAR (S (NP he )NP (VP discovered )VP )S )SBAR )NP (VP works (PP by (S (VP *UNKING (NP (NP an *UNK )NP (VP called (S (NP a *UNKC )NP )S )VP , (SBAR (WHNP which )WHNP (S (VP is (ADJP *UNK (PP of (NP an infected cell )NP )PP )ADJP )VP )S )SBAR )NP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNK )NP (ADVP then )ADVP (VP *UNK (NP the cell )NP )VP . )S  STOP
(S (NP (NP Dr. *UNKC )NP and (NP (NP his partner )NP , (NP (NP *UNKC *UNKC )NP (PP of (NP *UNKC University )NP )PP )NP , )NP )NP (VP said (SBAR (S (NP their experiments )NP (VP showed (SBAR that (S (NP the *UNK )NP (VP *UNKED (PRT out )PRT (NP (NP an average )NP (PP of (NP (NP 60 % )NP (PP of (NP *UNKED cells )NP )PP )NP )PP )NP (PP within (NP three days )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (S (PP In (NP (NP some )NP (PP of (NP the experiments )NP )PP )NP )PP , (NP it )NP (VP killed (NP (QP almost all )QP the infected cells )NP )VP )S , (NP the researchers )NP (VP said )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP (QP fewer than 10 )QP % )NP (PP of (NP the healthy cells )NP )PP )NP (VP were (VP killed )VP )VP . )S  STOP
(S (NP The two )NP (VP said (SBAR (S (NP they )NP (VP must (VP (VP (ADVP still )ADVP do (NP more laboratory tests )NP )VP , then (VP experiment (PP on (NP animals )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP said (SBAR (S (NP they )NP (VP hoped (S (VP to (VP conduct (NP tests )NP (PP on (NP (NP human patients )NP (PP in (NP the U.S. )NP )PP )NP )PP (PP by (NP late next year )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP Japan )NP (VP does n't (VP have (NP enough AIDS patients (S (VP to (VP do (NP significant *UNK )NP (PP in (NP that country )NP )PP )VP )VP )S )NP )VP )VP )S , (NP they )NP (VP said )VP . )S  STOP
(S (NP The announcement )NP (VP (VP got (NP wide exposure )NP (PP in (NP the Japanese media )NP )PP )VP , and (VP (ADVP even )ADVP moved (NP some pharmaceutical stocks )NP (NP yesterday )NP )VP )VP . )S  STOP
(S But (NP (NP *UNKC *UNKC )NP , (NP (NP (NP director )NP (PP of (NP (NP the *UNK department )NP (PP at (NP (NP (NP Japan 's )NP National Institute )NP (PP of (NP Health )NP )PP )NP )PP )NP )PP )NP and (NP (NP secretary )NP (PP of (NP (NP the government 's )NP *UNKC center )NP )PP )NP )NP , )NP (VP said , `` (S (NP I )NP (VP 'm not (ADJP so optimistic (PP of (NP (NP its future use )NP (PP in (NP *UNK methods )NP )PP )NP )PP )ADJP )VP )S )VP . '' )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP some infected cells )NP (VP (VP may not (VP have (NP the relevant *UNK )NP )VP )VP and (VP (ADVP so )ADVP would n't (VP be (VP killed (PP (ADVP even )ADVP after (NP (NP exposure )NP (PP to (NP the antibody )NP )PP )NP )PP )VP )VP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP The results )NP (VP seem (S (VP to (VP be (ADJP very *UNK )ADJP )VP )VP )S )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP editor )NP (PP of (NP (NP Nikkei *UNKC )NP , (NP a leading Japanese industry newsletter )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP Dr. *UNKC )NP (VP responded (SBAR that (S (NP he )NP (VP thought (SBAR (S (NP the antibody )NP (VP could (ADVP potentially )ADVP (VP kill (NP all infected cells )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP he )NP and (NP Dr. *UNKC )NP )NP (VP said (SBAR (S (NP there )NP (VP were (ADVP still )ADVP (NP (NP several uncertainties )NP , (RRC (ADVP particularly )ADVP (PP regarding (NP possible side effects )NP )PP )RRC )NP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (S (NP Our antibody )NP (VP (ADVP specifically )ADVP killed (NP infected cells )NP (PP at (NP a (ADJP very low )ADJP *UNK )NP )PP )VP )S , but (S (NP it )NP (VP can (ADVP also )ADVP (VP kill (NP other cells )NP )VP )VP )S )S , '' (VP said )VP (NP Dr. *UNKC )NP . )SINV  STOP
(S `` (NP We )NP (VP do n't (VP know (NP (NP the effect )NP (PP of (NP our antibody )NP )PP (PP on (NP the human body )NP )PP )NP )VP )VP . '' )S  STOP
(S (S (NP AIDS )NP (VP is n't (VP considered (S (NP (NP a widespread problem )NP (PP in (NP Japan )NP )PP )NP )S )VP )VP )S -- (S (NP the government )NP (VP reports (NP (NP (QP about 1,000 )QP known carriers )NP (PP of (NP the virus )NP )PP )NP )VP )S -- but (S (NP many companies )NP (VP have (VP *UNKED (NP substantial resources )NP (PP into (NP research )NP )PP (PP in (NP recent years )NP )PP , (S (VP hoping (S (VP to (VP cash (PRT in )PRT (PP on (NP a possible cure )NP )PP )VP )VP )S )VP )S )VP )VP )S . )S  STOP
(S (NP Dr. *UNKC )NP (VP said (SBAR (SBAR (S (NP (QP about 35 )QP projects )NP (VP are (ADVP currently )ADVP (PP under (NP way )NP )PP (PP in (NP Japan )NP )PP )VP )S )SBAR , and (SBAR that (S (NP (NP Japanese researchers )NP (PP in (NP the past year )NP )PP )NP (VP have (VP made (S (ADJP available )ADJP (NP three possible *UNK )NP (PP to (NP American researchers )NP )PP (PP for (NP clinical tests )NP )PP )S )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR that (S (SBAR (WHADVP when )WHADVP (S (NP (NP scientists )NP (PP from (NP the two countries )NP )PP )NP (VP meet (ADVP again )ADVP (PP in (NP January )NP )PP (PP in (NP New Orleans )NP )PP )VP )S )SBAR , (NP the Japanese )NP (VP will (VP present (NP (ADJP (QP at least three )QP more )ADJP drugs )NP (PP for (NP human testing )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP AZT )NP (VP is (NP (NP (NP the world 's )NP only *UNK medicine )NP (VP approved (PP for (S (VP treating (NP the disease )NP )VP )S )PP )VP )NP )VP . )S  STOP
(S (NP (NP *UNKC PLC )NP , (NP a major British pharmaceutical maker )NP , )NP (VP sells (NP the drug )NP (PP under (NP (NP the name )NP (NP *UNKC )NP )NP )PP )VP . )S  STOP
(S (NP A *UNKC spokesman )NP (VP declined (S (VP to (VP comment (PP on (NP (NP the discovery )NP (PP of (NP the antibody )NP )PP (PP in (NP Japan )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S But (NP (NP Andrew *UNKC )NP , (NP (NP a *UNK- analyst )NP (PP at (NP (NP Nikko Securities Co. )NP (PP in (NP London )NP )PP )NP )PP )NP , )NP (VP said (SBAR (S (SBAR if (S (NP the product )NP (VP were (S (VP to (VP be (VP (ADVP successfully )ADVP developed )VP )VP )VP )S )VP )S )SBAR (NP it )NP (VP would (VP represent `` (NP (NP a potential threat )NP (PP to (NP (NP the long-term *UNK )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The following issues )NP (VP were (ADVP recently )ADVP (VP filed (PP with (NP the Securities and Exchange Commission )NP )PP )VP )VP : )S  STOP
(NP (NP American Exploration Co. )NP , (NP (NP offering )NP (PP of (NP (QP five million )QP common shares )NP )PP , (PP via (NP (NP Smith Barney , Harris Upham & Co. )NP and (NP Shearson Lehman Hutton Inc )NP )NP )PP )NP . )NP  STOP
(NP (NP Chemical *UNKC Management Inc. )NP , (NP (NP proposed global offering )NP (PP of (NP (NP *UNKN shares )NP (PP of (NP common stock )NP )PP , (SBAR (WHPP of (WHNP which )WHNP )WHPP (S (S (NP (NP (QP seven million )QP )NP (PP of (NP the shares )NP )PP )NP (VP will (VP be (VP offered (PP in (NP the U.S. )NP )PP )VP )VP )VP )S and (S (NP (NP *UNKN shares )NP )NP (VP will (VP be (VP offered (ADVP overseas )ADVP )VP )VP )VP )S )S )SBAR )NP )PP , (PP via (NP (NP (NP Merrill Lynch Capital Markets )NP (PRN -LRB- (ADJP domestic )ADJP -RRB- )PRN )NP and (NP (NP Kidder , Peabody & Co . )NP (PRN -LRB- (ADJP international )ADJP -RRB- )PRN )NP )NP )PP )NP . )NP  STOP
(NP (NP *UNKC Corp. )NP , (NP (NP proposed offering )NP (PP of (NP (NP (QP $ 200 million )QP )NP (PP of (NP senior subordinated debentures )NP )PP )NP )PP , (PP via (NP Goldman , Sachs & Co )NP )PP )NP . )NP  STOP
(NP (NP (NP *UNKC Capital Corp. )NP , (NP *UNKC Cable Systems *UNKC )NP and (NP *UNKC Cable Partners )NP )NP , (NP (NP offering )NP (PP of (NP senior subordinated discount reset debentures )NP )PP , (PP via (NP Drexel Burnham Lambert Inc )NP )PP )NP . )NP  STOP
(NP (NP John *UNKC & Co. )NP , (NP (NP initial offerings )NP (PP of (NP (NP the *UNKC California *UNKC *UNKC Municipal Fund Inc. )NP and (NP the *UNKC New York *UNKC *UNKC Municipal Fund Inc. )NP )NP )PP , (PP via (NP Alex . Brown & Sons Inc )NP )PP )NP . )NP  STOP
(NP (NP *UNKC Inc. )NP , (NP (NP initial offering )NP (PP of (NP (NP (NP (QP three million )QP shares )NP (PP of (NP its common stock )NP )PP )NP , (SBAR (WHPP of (WHNP which )WHNP )WHPP (S (S (NP (NP *UNKN shares )NP )NP (VP will (VP be (VP sold (PP by (NP the company )NP )PP )VP )VP )VP )S and (S (NP (NP *UNKN )NP )NP (VP will (VP be (VP sold (PP by (NP holders )NP )PP )VP )VP )VP )S )S )SBAR )NP )PP , (PP via (NP (NP *UNKC Securities )NP and (NP Donaldson , Lufkin & Jenrette Securities Corp )NP )NP )PP )NP . )NP  STOP
(NP (NP MGM Grand Inc. )NP , (NP (NP proposed offering )NP (PP of (NP (NP (QP six million )QP shares )NP (PP of (NP common stock )NP )PP )NP )PP , (PP via (NP Merrill Lynch )NP )PP )NP . )NP  STOP
(NP (NP (NP *UNKC Corp. )NP , (VP (ADVP formerly )ADVP called (S (NP Old *UNKC Systems Inc. )NP )S )VP , )NP (NP (NP offering )NP (PP of (NP (NP (QP 1.2 million )QP common shares )NP , (SBAR (WHPP of (WHNP which )WHNP )WHPP (S (S (NP (NP (QP one million )QP )NP )NP (VP will (VP be (VP sold (PP by (NP the company )NP )PP )VP )VP )VP )S , and (S (NP (NP the balance )NP )NP (PP by (NP holders )NP )PP )S )S )SBAR , )NP )PP (PP via (NP (NP Hambrecht & Quist )NP and (NP *UNKC , *UNKC & Co )NP )NP )PP )NP . )NP  STOP
(NP (NP Scott Paper Co. )NP , (NP (NP shelf offering )NP (PP of (NP (NP (QP up to $ *UNKN million )QP )NP (PP of (NP debt securities )NP )PP )NP )PP , (PP via (NP (NP Goldman Sachs )NP , (NP Salomon Brothers Inc. )NP and (NP Smith Barney , Harris Upham )NP )NP )PP )NP . )NP  STOP
(NP (NP Sullivan Graphics Inc. )NP , (NP (NP offering )NP (PP of (NP (NP (QP $ 110 million )QP )NP (PP of (NP senior subordinated notes )NP )PP )NP )PP , (PP via (NP Merrill Lynch )NP )PP )NP . )NP  STOP
(NP (NP Sun *UNKC Inc. )NP , (NP (NP initial offering )NP (PP of (NP (NP (QP 1.7 million )QP common shares )NP , (SBAR (WHPP of (WHNP which )WHNP )WHPP (S (S (NP (NP (QP one million )QP shares )NP )NP (VP will (VP be (VP sold (PP by (NP the company )NP )PP )VP )VP )VP )S , and (S (NP (NP the balance )NP )NP (PP by (NP a holder )NP )PP )S )S )SBAR )NP )PP , (PP via (NP (NP Salomon Brothers Inc. )NP and (NP *UNKC , *UNKC & *UNKC Inc )NP )NP )PP )NP . )NP  STOP
(NP (NP *UNKC *UNKING Co. )NP , (NP (NP proposed initial offering )NP (PP of (NP (NP *UNKN common shares )NP , (SBAR (WHPP of (WHNP which )WHNP )WHPP (S (S (NP (NP *UNKN shares )NP )NP (VP will (VP be (VP offered (PP by (NP the company )NP )PP )VP )VP )VP )S and (S (NP (NP *UNKN )NP )NP (PP by (NP holders )NP )PP )S )S )SBAR )NP )PP , (PP via (NP *UNKC *UNKC Securities Inc )NP )PP )NP . )NP  STOP
(S (NP A (ADJP (ADJP (QP # *UNKN million )QP )ADJP (PRN -LRB- (ADJP (QP $ *UNKN million )QP )ADJP -RRB- )PRN )ADJP British Airways PLC rights issue )NP (VP (VP *UNKED (ADVP badly )ADVP )VP -- (NP (NP the victim )NP (PP of (NP (NP recent market *UNK )NP and (NP (NP the collapse )NP (PP of (NP (NP the buy-out bid )NP (PP for (NP (NP (NP United Airlines ' )NP parent )NP , (NP UAL Corp )NP )NP )PP )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (NP The United Kingdom carrier )NP (VP had (VP planned (NP the issue )NP (S (VP to (VP help (VP finance (NP (NP its (ADJP (QP $ 750 million )QP )ADJP purchase )NP (PP of (NP (NP a (ADJP 15 % )ADJP stake )NP (PP in (NP UAL )NP )PP )NP )PP )NP )VP )VP )VP )S )VP )VP . )S  STOP
(S But (NP British Airways )NP (VP withdrew (PP from (NP the UAL labor-management buy-out plan )NP )PP (NP last Friday )NP , (SBAR after (S (NP the group )NP (VP failed (S (VP to (VP get (NP bank financing )NP (PP for (NP its (ADJP (QP $ 6.79 billion )QP )ADJP buy-out )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP British Airways )NP (VP said (SBAR (SBAR (S (NP its shareholders )NP (VP accepted (NP (NP (QP only 6.3 )QP % )NP (PP of (NP the convertible capital bonds )NP )PP )NP )VP )S )SBAR , but (SBAR that (S (NP (NP the rest )NP (PP of (NP the issue )NP )PP )NP (VP will (VP be (VP taken (PRT up )PRT (PP by (NP underwriters )NP )PP )VP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP Analysts )NP (VP said (SBAR (S (NP that (ADJP 6.3 % )ADJP level )NP (VP marked (NP (NP the *UNK showing )NP (PP for (NP any major British rights issue )NP )PP (PP since (NP the 1987 global stock market crash )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP It )NP (VP is (ADJP close (PP to (S (VP being (NP a record *UNK )NP )VP )S )PP )ADJP )VP )S , '' (VP said )VP (NP (NP Bob *UNKC )NP , (NP (NP an analyst )NP (PP with (NP London broker Smith New Court Securities )NP )PP )NP )NP . )SINV  STOP
(S `` (NP Fund managers )NP (VP do n't (VP like (S (VP to (VP have (NP (NP rights issues )NP (SBAR (WHNP that )WHNP (S (VP do n't (VP have (NP an obvious reason )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP The obvious reason )NP (VP was -LRB- (SBAR for (S (NP British Air )NP -RRB- (VP to (VP buy (NP (NP a stake )NP (PP in (NP United Airlines )NP )PP )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (PP In (NP a statement )NP )PP , (NP British Air Chairman *UNKC King )NP (VP said (SBAR (S (S (NP the company )NP (VP was `` (ADJP (ADVP obviously )ADVP disappointed (SBAR that (S (NP the issue )NP (VP was not (VP taken (PRT up )PRT )VP )VP )S )SBAR )ADJP )VP )S , but (S (NP (NP it )NP )NP (VP would (VP have (VP been (ADJP *UNK )ADJP (S (VP to (VP expect (NP a better result )NP )VP )VP )S (PP given (NP (NP the volatility )NP (PP of (NP the stock market )NP )PP (PP since (NP (NP the launch )NP (PP of (NP the issue )NP )PP )NP )PP )NP )PP )VP )VP )VP )S )S )SBAR )VP . '' )S  STOP
(S But (PP except (PP for (NP the embarrassment )NP )PP )PP , (NP British Air )NP (VP will (VP emerge (S (ADJP relatively *UNKED )ADJP )S (PP from (NP the *UNKED issue )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (VP led (PP by (NP *UNKC Brothers & Co. )NP )PP )VP )NP (VP will (VP pick (PRT up )PRT (NP (NP the rest )NP (PP of (NP (NP (NP the airline 's )NP offer )NP (PP of (NP (NP four convertible capital bonds )NP (PP for (NP every nine common shares )NP )PP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP and (NP other primary underwriters )NP )NP (VP have (VP reduced or eliminated (NP their exposure )NP (PP by (S (VP *UNKING (NP the issue )NP (PP among (NP U.K. institutional investors )NP )PP )VP )S )PP )VP )VP . )S  STOP
(SINV `` (S (NP (NP The (PRN -LRB- paper -RRB- )PRN loss )NP )NP (ADVP here )ADVP (VP is (ADJP very small )ADJP '' (PP for (NP these *UNK- )NP )PP )VP )S , (VP observed )VP (NP (NP John Nelson )NP , (NP a *UNKC managing director )NP )NP . )SINV  STOP
(S (PP In (NP any case )NP )PP (PRN , (S (NP he )NP (VP added )VP )S , )PRN `` (NP most institutions )NP (ADVP probably )ADVP (VP wo n't (VP sell '' (NP the bonds )NP )VP )VP . )S  STOP
(S And (PP instead of (S (VP buying (NP the UAL stake )NP )VP )S )PP , (NP the U.K. carrier )NP (VP will (VP be (ADJP able (S (VP to (VP (VP reduce (NP its high debt level )NP )VP and (VP build (NP an acquisition war *UNK )NP )VP )VP )VP )S )ADJP )VP )VP . )S  STOP
(SINV `` (S (PP From (NP (NP a cash flow point )NP (PP of (NP view )NP )PP )NP )PP , (NP British Airways )NP (VP is (ADJP better off (S not (VP being (PP in (NP United Airlines )NP )PP (PP in (NP the short term )NP )PP )VP )S )ADJP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP an analyst )NP (PP at (NP (NP Nomura Research Institute )NP (PP in (NP London )NP )PP )NP )PP )NP )NP . )SINV  STOP
(SINV (VP *UNKED )VP (NP another U.K. analyst )NP : `` (S (NP It )NP (VP gives (NP them )NP (NP (NP some cash )NP (PP in (NP the back *UNK )NP )PP (PP for (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP want (S (VP to (VP do (NP something )NP )VP )VP )S )VP )S )SBAR )PP )NP )VP )S . '' )SINV  STOP
(S (PP For (NP instance )NP )PP , (NP British Air )NP (VP is (VP continuing (S (VP to (VP negotiate (PP with (NP *UNKC Royal Dutch Airlines )NP )PP (PP about (S (NP each )NP (VP acquiring (NP (NP a (ADJP 20 % )ADJP stake )NP (PP in (NP (NP *UNKC World Airlines )NP , (NP (NP the air transport subsidiary )NP (PP of (NP the Belgian national airline )NP )PP )NP )NP )PP )NP )VP )S )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP A definitive agreement )NP (VP had (VP been (VP expected (PP by (NP (NP the end )NP (PP of (NP July )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP The failed rights issue )NP (ADVP also )ADVP (VP should (VP have (NP (NP a modest impact )NP (PP on (NP British Air shares )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP The airline 's )NP share price )NP (ADVP already )ADVP (VP is (PP (ADVP far )ADVP below (NP (NP the (ADJP (ADJP *UNKN pence )ADJP (PRN -LRB- (ADJP $ *UNKN )ADJP -RRB- )PRN )ADJP level )NP (VP seen (SBAR after (S (NP the company )NP (VP announced (NP the rights issue )NP (PP in (NP late September )NP )PP )VP )S )SBAR )VP )NP )PP )VP . )S  STOP
(S (PP In (NP (NP late trading )NP (PP on (NP (NP London 's )NP Stock Exchange )NP )PP )NP )PP (NP yesterday )NP , (NP the shares )NP (VP were (ADVP off (NP three pence )NP (PP at (NP *UNKN pence )NP )PP )ADVP )VP . )S  STOP
(S And (SBAR because (S (NP British Air )NP (VP is (VP issuing (NP (NP convertible bonds )NP (PP rather than (NP ordinary shares )NP )PP )NP )VP )VP )S )SBAR , (NP the share price )NP (VP wo n't (VP be (VP (ADVP directly )ADVP hurt (PP by (NP (NP any surplus )NP (VP left (PP with (NP underwriters )NP )PP (SBAR after (S (NP they )NP (VP try (S (VP to (VP sell (NP the issue )NP (PP in (NP the open market )NP )PP )VP )VP )S )VP )S )SBAR )VP )NP )PP )VP )VP )VP . )S  STOP
(S But (NP (NP (NP British Air 's )NP withdrawal )NP (PP from (NP the UAL buy-out )NP )PP )NP (VP could (VP have (NP further *UNK )NP )VP )VP . )S  STOP
(S (NP Some analysts )NP (VP speculated (NP yesterday )NP (SBAR that (S (NP the move )NP (VP has (VP set (PRT off )PRT (NP (NP a board room split )NP , (SBAR (WHNP which )WHNP (S (VP may (VP lead (PP to (NP (NP the resignation )NP (PP of (NP (NP Sir *UNKC Marshall )NP , (NP (NP the carrier 's )NP chief executive officer )NP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP The stories )NP (VP are (NP *UNK )NP )VP )S , '' (NP a British Air spokesman )NP (VP said )VP . )S  STOP
(S `` (NP There )NP (VP is (NP (NP (NP no difference )NP (PP of (NP opinion )NP )PP )NP (PP between (NP (NP (PRN -LRB- Chairman -RRB- )PRN *UNKC King )NP and (NP Sir *UNKC )NP )NP )PP (PP on (NP (NP any aspect )NP (PP of (NP company policy )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP has (ADVP yet )ADVP (S (VP to (VP meet (NP (NP hopes )NP (VP raised (PP by (NP Bush administration )NP )PP )VP )NP )VP )VP )S )VP . )S  STOP
(S (ADVP (NP *UNKC months )NP ago )ADVP , (SBAR as (S (NP some personnel specialists )NP (VP saw (NP it )NP )VP )S )SBAR , (NP a perception (SBAR that (S (NP President Bush )NP (VP (ADVP really )ADVP *UNKED (PP about (NP fair employment )NP )PP )VP )S )SBAR )NP (PRN -- (PP after (SBAR (WHNP what )WHNP (S (NP they )NP (VP said (SBAR (S (VP was (NP (NP eight years )NP (PP of (NP *UNKC *UNK )NP )PP )NP )VP )S )SBAR )VP )S )SBAR )PP -- )PRN (VP was (VP *UNKING (S (NP top management )NP (VP to (VP raise (NP (NP hiring goals )NP (PP for (NP (NP *UNK )NP , (NP blacks )NP and (NP other minorities )NP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(SINV (S (NP The perception )NP (VP *UNK )VP )S , (VP says )VP (NP (NP an official )NP (PP at (NP a major industrial company )NP )PP )NP . )SINV  STOP
(S But (ADVP so far )ADVP (PRN , (S (NP he )NP (VP declares )VP )S , )PRN (NP there )NP (VP 's (NP little evidence (SBAR (S (NP the `` new *UNK '' )NP (VP is (VP *UNKING (PRT down )PRT (PP to (NP (NP the managers )NP (SBAR (WHNP who )WHNP (S (VP (ADVP actually )ADVP do (NP hiring )NP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S `` (SQ Is (NP there )NP (ADVP really )ADVP (NP (NP a commitment )NP or (NP (NP an *UNK )NP (PP of (NP activity )NP )PP )NP )NP )SQ ? '' (NP he )NP (VP asks )VP . )S  STOP
(SINV (S (NP The recruiting )NP `` (VP has n't (VP *UNKED )VP )VP )S , '' (VP asserts )VP (NP (NP Jeffrey Christian )NP , (SBAR (WHNP who )WHNP (S (VP runs (NP a search agency )NP )VP )S )SBAR )NP . )SINV  STOP
(S (NP (NP Samuel Hall )NP , (NP (NP Howard University 's )NP placement director )NP , )NP (ADVP also )ADVP (VP does n't (VP see (NP it )NP )VP )VP . )S  STOP
(S And (NP he )NP (VP questions (NP the White House *UNK )NP )VP . )S  STOP
(S `` (S (NP I )NP (VP do n't (VP think (SBAR (S (NP the Bush administration )NP (VP has (VP done (NP anything )NP )VP )VP )S )SBAR )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP *UNKC Donald Clark )NP (VP does (VP note (NP (NP an increase )NP (PP in (NP (NP *UNK )NP (PP for (NP minority candidates )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S But (NP (NP some )NP (PP of (NP the activity )NP )PP )NP , (PRN (S (NP he )NP (VP says )VP )S )PRN , (VP may (VP reflect (NP (NP a rush )NP (SBAR (S (VP to (VP get `` (S (NP numbers )NP (PP in (NP order )NP )PP )S '' (PP for (NP *UNK- reports )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP *UNKC (NP *UNKC )NP )PP )NP (VP *UNK (ADVP mostly )ADVP (PP on (NP (NP boss 's )NP *UNK view )NP )PP )VP . )S  STOP
(S (NP Du Pont Co. )NP (PP in (NP (NP a couple )NP (PP of (NP units )NP )PP )NP )PP (VP has (VP installed (NP (NP *UNK tests )NP (VP based (PP on (NP (NP earnings )NP or (NP (NP return )NP (PP on (NP equity )NP )PP )NP )NP )PP )VP )NP )VP )VP . )S  STOP
(S (NP Many companies )NP (VP have (VP set (PRT up )PRT (NP (NP machinery )NP (SBAR (S (VP to (VP *UNK (NP workers )NP (NP a fair shake )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (PP At (NP most firms )NP )PP , (ADVP though )ADVP , (NP it )NP (VP 's (NP (NP the immediate supervisor )NP (SBAR (WHNP who )WHNP (S (VP decides (NP (NP the merit increases )NP (SBAR (S (NP *UNK )NP (VP will (VP be (VP paid )VP )VP )VP )S )SBAR )NP )VP )S )SBAR )NP )VP . )S  STOP
(SINV (S (NP Managers )NP (VP have `` (NP some (ADJP very broad )ADJP discretion )NP )VP )S , '' (VP says )VP (NP (NP an official )NP (PP at (NP Walt Disney Co )NP )PP )NP . )SINV  STOP
(S (S (NP (NP Unocal Corp. 's )NP top management )NP (VP sets (NP guidelines )NP )VP )S , but (S (NP line *UNK )NP (VP *UNK (PRT up )PRT (NP the merit *UNK )NP )VP )S . )S  STOP
(S (S (NP Lotus Development Corp. )NP (VP *UNK (NP its *UNK )NP (PP into (NP a computer )NP )PP , (PRN but (ADVP only )ADVP (PP for (NP storage )NP )PP )PRN )VP )S ; (S (NP the decisions )NP (VP are (VP made (PP by (NP *UNK )NP )PP )VP )VP )S . )S  STOP
(S (NP *UNKC Foods Corp. )NP (VP *UNK (PP for (NP *UNK )NP )PP (PP by (S (VP *UNKING (NP increases )NP (PP on (NP (NP quarterly reviews )NP , (NP annual *UNK )NP and (NP (NP meetings )NP (PP with (NP workers )NP )PP )NP )NP )PP )VP )S )PP )VP . )S  STOP
(S (PP At (NP *UNKC Technology Inc. )NP )PP , (NP (NP each supervisor 's )NP recommendation )NP (VP must (VP be (VP (VP approved (PP by (NP (NP the next boss )NP (PP up (NP the line )NP )PP )NP )PP )VP , and (ADVP then )ADVP (VP *UNKED (PP by (NP a salary review committee )NP )PP )VP )VP )VP )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP fare (ADVP best )ADVP (PP in (NP U.S. )NP )PP (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP give (NP Americans )NP (NP more say )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NAC University (PP of (NP Michigan )NP )PP )NAC researchers )NP (VP find (SBAR (S (NP the companies )NP (VP (VP earn (NP more )NP )VP and (VP win (NP a bigger market share )NP )VP (SBAR (WHADVP when )WHADVP (S (NP their American employees )NP (VP get (NP (NP a voice )NP (PP in (NP (NP (NP planning )NP , (NP product development )NP and (NP design )NP )NP , (PP including (NP (NP *UNKING )NP (ADVP back (PP in (NP Japan )NP )PP )ADVP )NP )PP )NP )PP )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP You )NP (VP ca n't (VP (VP hire (NP *UNK Americans )NP )VP and (VP say , ` (S (VP Let (S (NP them )NP (VP run (NP only their own show )NP )VP )S )VP )S )VP )VP )VP )S , ' '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP headed (NP (NP the study )NP (VP run (PP with (NP (NP *UNKC *UNKC International )NP , (NP a search firm )NP )NP )PP )VP )NP )VP )S )SBAR )NP . )SINV  STOP
(S (NP The researchers )NP (VP say (SBAR (S (NP many Japanese companies )NP (VP *UNK (PP in (NP the U.S. )NP )PP (PP by (S (VP *UNKING (NP (NP the American practice )NP (PP of (S (VP hiring (NP managers )NP (PP on (NP the `` open market )NP )PP )VP )S )PP )NP )VP )S )PP )VP )S )SBAR )VP . '' )S  STOP
(S (PP In (NP Japan )NP )PP , (PP by (NP contrast )NP )PP , (NP companies )NP (VP tend (S (VP to (VP (VP develop (NP their own talent )NP )VP and (VP promote (PP from (PP within )PP )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP The Japanese )NP (ADVP also )ADVP (VP are (VP accused (PP of (S (VP keeping (NP their cards )NP (ADJP too close (PP to (NP their *UNK )NP )PP )ADJP )VP )S )PP )VP )VP . )S  STOP
(S `` (S (NP Some Japanese executives )NP (VP are not (ADVP yet )ADVP ... (ADJP comfortable (PP about (S (VP *UNKING (NP strategic information )NP (PP with (NP their American colleagues )NP )PP )VP )S )PP )ADJP )VP )S , '' (NP the researchers )NP (VP say )VP . )S  STOP
(S (NP Americans )NP (VP stay (ADVP longer )ADVP (PP with (NP (NP Japanese firms )NP (PP than (NP American companies )NP )PP )NP )PP )VP . )S  STOP
(S But (NP they )NP (VP think (SBAR (S (NP promotions )NP (VP are (ADJP limited )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP THE *UNKC )NP (VP votes (PRT down )PRT (NP (NP a proposal )NP (SBAR (S (VP to (VP put (NP pension plans )NP (PP under (NP (NP the control )NP (PP of (NP joint labor-management boards )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Some consultants )NP (VP had (VP insisted (SBAR (S (NP it )NP (VP would n't (VP work )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP *UNKC care insurance )NP (VP gains (NP favor )NP )VP . )S  STOP
(S (NP (NP (QP More than half )QP the people )NP (VP surveyed (PP for (NP the *UNKC *UNKC Research Institute )NP )PP )VP )NP (VP say (SBAR (S (NP they )NP (VP would (VP be (ADJP willing and able (S (VP to (VP pick (PRT up )PRT (NP (NP most )NP (PP of (NP (NP the cost )NP (PP of (NP the coverage )NP )PP )NP )PP )NP )VP )VP )S )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP (NP *UNKC spending )NP (PP by (NP (ADJP small and *UNKED )ADJP employers )NP )PP )NP (VP has (VP dropped (PP to (NP (NP 25 % )NP (PP of (NP payroll )NP )PP )NP )PP (PP from (NP 29 % )NP (ADVP (NP three years )NP ago )ADVP )PP )VP )VP )S , (VP says )VP (NP (NP (NP the National Institute )NP (PP of (NP Business Management )NP )PP )NP , (NP an advisory service )NP )NP . )SINV  STOP
(S (S (NP (NP *UNKC *UNKC )NP (ADJP (NP (QP over 50 )QP years )NP old )ADJP )NP (VP take (NP (NP (ADJP slightly less )ADJP time )NP (PP than (NP their younger colleagues )NP )PP )NP (S (VP to (VP find (NP a job )NP )VP )VP )S -- (NP (NP *UNKN months )NP (PP vs. (NP (NP *UNKN )NP (PP for (NP the *UNK )NP -- )PP )NP )PP )NP )VP )S (NP (NP *UNK firm )NP (NP *UNKC , Gray & Christmas )NP )NP (VP finds )VP . )S  STOP
(S (NP It )NP (VP 's (NP (NP the first time )NP (PP in (NP (NP the survey 's )NP 15 years )NP )PP (SBAR (WHADVP that )WHADVP (S (NP the *UNK- group )NP (VP came (PRT out )PRT (ADVP ahead )ADVP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP OF (NP AIDS )NP )PP )NP (VP *UNK (NP hiring )NP (PP at (NP few hospitals )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP runs (S (ADJP high )ADJP )S )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP heads (NP (NP the AIDS program )NP (PP at (NP (NP New York City 's )NP *UNKC Hospital Center )NP )PP )NP )VP )S )SBAR , )NP (VP ca n't (VP find (NP help )NP )VP )VP . )S  STOP
(S `` (S (NP I )NP (VP 've (VP been (VP recruiting (NP every single day )NP (SBAR since (S (NP (NP it )NP )NP (VP 's (VP been (VP identified (SBAR that (S (NP many AIDS patients )NP (VP come (PP from (NP the inner city )NP )PP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP )VP )VP )S , '' (NP she )NP (VP says )VP . )S  STOP
(S (S (NP She )NP (VP was (NP (NP the only staff physician )NP (ADJP available (S (VP to (VP treat (NP AIDS patients )NP (NP last summer )NP )VP )VP )S )ADJP )NP )VP )S and (S (ADVP now )ADVP (NP she )NP (VP has (NP (NP the help )NP (PP of (NP (QP only two )QP doctors )NP )PP (NP part time )NP )NP )VP )S . )S  STOP
(S (NP (NP Part )NP (PP of (NP the problem )NP )PP )NP , (ADVP though )ADVP , (VP may (VP reflect (NP a general *UNK (S (VP to (VP work (PP with (NP the urban poor )NP )PP )VP )VP )S )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC Hospital )NP (PP in (NP Dallas )NP )PP )NP (VP says (SBAR (S (NP it )NP (VP has n't (VP had (NP any problem )NP (S (VP recruiting )VP )S , (SBAR even after (S (NP a *UNK )NP (VP contracted (NP the virus )NP (SBAR while (S (VP *UNKING (NP an AIDS patient )NP )VP )S )SBAR )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S `` (NP I )NP (VP can (VP tell (NP you )NP (SBAR that (S (NP nobody )NP (VP quit (PP over (NP it )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP No one )NP (VP *UNKED )VP )S , '' (NP a spokeswoman )NP (VP says )VP . )S  STOP
(S (NP (NP St. Paul Medical Center , )NP (RRC (ADVP also )ADVP (PP in (NP Dallas )NP )PP )RRC , )NP (VP sees (NP (NP only a `` minimal *UNK '' )NP (PP of (NP support staff )NP )PP (ADJP due (PP to (NP AIDS )NP )PP )ADJP )NP )VP . )S  STOP
(SINV (S (NP *UNKC Haven Hospital )NP (VP sees (NP no problem )NP )VP )S , (VP says )VP (NP (NP John *UNKC )NP , (NP (NP the chief )NP (PP of (NP staff )NP )PP )NP )NP . )SINV  STOP
(S `` (S (NP There )NP (VP are (NP (NP enough (ADJP *UNKED and *UNKED )ADJP individuals )NP (SBAR (WHNP who )WHNP (S (VP know (NP their responsibilities )NP )VP )S )SBAR )NP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(FRAG (NP THE *UNKC )NP : (S (PP At (ADJP least )ADJP )PP (NP somebody )NP (VP gains (PP on (NP layoffs )NP )PP )VP )S . )FRAG  STOP
(S (NP (NP The Association )NP (PP of (NP *UNKC *UNKING *UNKC )NP )PP )NP (VP says (SBAR (S (NP (NP the industry 's )NP volume )NP (VP has (VP soared (ADVP *UNK )ADVP (PP since (NP 1980 )NP )PP , (PP to (NP (NP (QP $ 350 million )QP )NP (NP a year )NP )NP )PP )VP )VP )S )SBAR )VP ... . )S  STOP
(S And (NP somebody )NP (VP *UNK (PP on (NP (NP the expected repeal )NP (PP of (NP (NP Section 89 )NP , (NP (NP the benefits test )NP (VP fought (PP by (NP most employers )NP )PP )VP )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP says (SBAR (S (NP software producers )NP (VP had (NP each )NP (VP invested (NP (NP hundreds )NP (PP of (NP (NP thousands )NP (PP of (NP dollars )NP )PP )NP )PP )NP (PP in (NP (NP programs )NP (SBAR (WHNP that )WHNP (S (ADVP now )ADVP (VP have (NP no use )NP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Big gains )NP (PP for (NP the *UNK- Republicans party )NP )PP (PP in (NP *UNKC state municipal elections )NP )PP (NP Sunday )NP )NP (VP showed (NP (NP *UNKING support )NP (PP for (NP Chancellor *UNKC *UNKC )NP )PP (PP in (NP (NP a traditional *UNK )NP (PP for (NP his Christian Democratic Union )NP )PP )NP )PP )NP )VP . )S  STOP
(S (SBAR With (S (NP (NP *UNK )NP (PP from (NP (NP most )NP (PP of (NP (NP the state 's )NP major cities )NP )PP )NP )PP )NP (ADVP in (PP by (NP yesterday morning )NP )PP )ADVP )S )SBAR , (NP the Republicans )NP (VP came (PRT away )PRT (PP with (NP (NP 10 % )NP (PP of (NP the vote )NP )PP )NP )PP (PP in (NP (NP several )NP (PP of (NP the key districts )NP )PP )NP )PP )VP . )S  STOP
(S (SBAR With (S (NP many rural districts )NP (ADVP yet )ADVP (VP to (VP report (NP *UNK )NP )VP )VP )S )SBAR , (NP election officials )NP (VP estimate (SBAR (S (NP (NP support )NP (PP for (NP Christian Democrats )NP )PP )NP (VP fell (NP an average five percentage points )NP (ADVP *UNK )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The *UNK- Social Democrats )NP and (NP the environmental *UNKC party )NP )NP (VP posted (NP mixed results )NP )VP . )S  STOP
(S (S (VP (VP *UNKED (PP by (NP a former *UNKC *UNK *UNK )NP )PP )VP and (VP working (PP from (NP (NP a *UNK platform )NP (PP of (NP *UNK- rhetoric )NP )PP )NP )PP )VP )VP )S , (NP the *UNKING Republicans party )NP (VP has (VP *UNKED (NP (NP surprising gains )NP (PP in (NP (NP earlier elections )NP (PP in (NP (NP the states )NP (PP of (NP (NP West Berlin )NP , (NP *UNKC )NP and (NP *UNKC *UNKC )NP )NP )PP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (PP With (S (S (NP West German unemployment )NP (VP remaining (ADJP high )ADJP (PP at (NP (QP two million )QP jobless )NP )PP )VP )S and (S (NP (NP the lack )NP (PP of (NP *UNK housing )NP )PP )NP (VP becoming (NP (NP a primary issue )NP (PP for (NP (NP next year 's )NP campaign )NP )PP )NP )VP )S )S )PP , (NP the Republicans )NP (VP are (VP seen (S (VP drawing (NP (NP support )NP (PP for (NP their `` Germans First '' stand )NP )PP )NP (PP on (NP *UNK- issues )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP *UNKC analysts )NP (VP *UNK (SBAR that (S (NP (NP a `` *UNKC '' coalition )NP (PP of (NP (NP Social Democrats )NP and (NP *UNKC )NP )NP )PP )NP (VP could (VP edge (PRT out )PRT (NP (NP Chancellor *UNKC 's )NP coalition )NP (PP in (NP the December 1990 national election )NP )PP (SBAR if (S (NP (NP support )NP (PP for (NP the Republicans )NP )PP )NP (VP continues (S (VP to (VP spread )VP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP International investigators )NP (VP urged (NP Britain )NP (S (VP to (VP allow (NP (NP prosecution )NP (PP of (NP (NP suspected *UNKC war criminals )NP (SBAR (WHNP who )WHNP (S (VP took (NP *UNK )NP (ADVP there )ADVP (PP after (NP *UNKN )NP )PP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (PP Under (NP current law )NP )PP , (NP such *UNK )NP (VP are (ADJP immune (PP from (NP (NP prosecution )NP (PP for (NP (NP acts )NP (VP committed (SBAR while not (S (NP British citizens )NP )S )SBAR )VP )NP )PP )NP )PP )ADJP )VP . )S  STOP
(SINV `` (S (SBAR If (S (NP we )NP (VP 're not (ADJP careful )ADJP )VP )S )SBAR (NP we )NP (VP could (VP become (ADJP known (PP as (NP (NP a *UNK )NP (PP for (NP war criminals )NP )PP )NP )PP )ADJP )VP )VP )S , '' (VP said )VP (NP (NP Jeff *UNKC )NP , (NP (NP (NP a member )NP (PP of (NP Parliament )NP )PP )NP and (NP (NP one )NP (PP of (NP (NP several British politicians )NP (VP attending (NP (NP a London conference )NP (PP with (NP (NP government investigators )NP (PP from (NP (NP the U.S. )NP , (NP Canada )NP and (NP Australia )NP )NP )PP )NP )PP )NP )VP )NP )PP )NP )NP )NP . )SINV  STOP
(S (NP A parliamentary inquiry )NP (VP found (PP in (NP July )NP )PP (SBAR that (S (NP (NP (QP more than 70 )QP people )NP (VP living (PP in (NP Britain )NP )PP )VP )NP (VP could (VP have (VP been (NP (NP part )NP (PP of (NP (NP death *UNK )NP (SBAR (WHNP that )WHNP (S (VP *UNKED (NP *UNKED Eastern Europe )NP )VP )S )SBAR )NP )PP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Parliament )NP (VP is (VP expected (S (VP to (VP discuss (NP next month )NP (SBAR whether (S (VP to (VP change (NP the law )NP )VP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (NP British investigations )NP (VP were (VP prompted (PP by (NP (NP (NP a list )NP (PP of (NP (NP 17 alleged war criminals )NP (VP living (PP in (NP Britain )NP )PP )VP )NP )PP )NP (VP sent (PP to (NP Prime Minister Margaret Thatcher )NP )PP (PP in (NP October 1986 )NP )PP (PP by (NP (NP the *UNKC *UNKC Center )NP (PP in (NP Los Angeles )NP )PP )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP (NP a sign )NP (PP of (NP (NP easing tension )NP (PP between (NP (NP Beijing )NP and (NP Hong Kong )NP )NP )PP )NP )PP )NP )PP , (NP China )NP (VP said (SBAR (S (NP it )NP (VP will (ADVP again )ADVP (VP take (ADVP back )ADVP (NP (NP illegal *UNK )NP (VP caught (S (VP *UNKING (PP into (NP the British colony )NP )PP )VP )S )VP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP China )NP (VP had (VP refused (S (VP to (VP *UNK (NP (NP citizens )NP (SBAR (WHNP who )WHNP (S (VP *UNKED (PP into (NP Hong Kong )NP )PP (ADVP illegally )ADVP )VP )S )SBAR )NP )VP )VP )S (PP since (NP (NP early this month )NP , (SBAR (WHADVP when )WHADVP (S (NP the colony )NP (VP allowed (S (NP a dissident Chinese *UNK )NP (VP to (VP *UNK (PP to (NP the U.S. )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (QP About *UNKN )QP Chinese )NP (VP were (VP *UNKING (NP *UNK )NP (NP yesterday )NP )VP )VP . )S  STOP
(S (NP (NP Italy 's )NP Foreign Ministry )NP (VP said (SBAR (S (NP it )NP (VP is (VP investigating (NP (NP exports )NP (PP to (NP the Soviet Union )NP )PP (PP by (NP (NP an *UNKC . C. Olivetti & Co. subsidiary )NP (VP called (S (NP *UNKC )NP )S )VP (SBAR (WHNP that )WHNP (S (VP makes (NP (ADJP *UNKLY controlled )ADJP machine tools )NP )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Although (S (NP (NP (NP Italy 's )NP investigation )NP (PP of (SBAR whether (S (NP Olivetti )NP (VP had (VP violated (NP Western *UNK- rules )NP )VP )VP )S )SBAR )PP )NP (VP had (ADVP previously )ADVP (VP been (VP made (S (ADJP known )ADJP )S )VP )VP )VP )S )SBAR , (NP this )NP (VP marked (NP (NP the first time )NP (SBAR (S (NP the unit and product )NP (VP were (VP named )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The U.S. )NP (VP is (VP worried (PP about (NP (NP the *UNK )NP (PP of (NP (NP Olivetti 's )NP machine tools )NP )PP (PP to (NP military use )NP )PP )NP )PP )VP )VP . )S  STOP
(S (ADVP However )ADVP , (NP an Olivetti spokeswoman )NP (VP said (SBAR (S (NP (NP *UNKC )NP , (SBAR (WHPP of (WHNP which )WHNP )WHPP (S (NP Olivetti )NP (VP sold (NP (NP the majority interest )NP )NP (NP last year )NP )VP )S )SBAR , )NP `` (VP does n't (VP make (NP (NP equipment )NP (SBAR (WHNP that )WHNP (S (VP has (NP (NP (NP the type )NP (PP of (NP *UNK )NP )PP )NP (ADJP necessary (PP for (NP sophisticated *UNK )NP )PP )ADJP )NP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP *UNKC )NP (VP say (SBAR that (S (NP *UNK- fishing )NP (VP *UNK (S (VP to (VP *UNK (PRT out )PRT (NP (NP much )NP (PP of (NP (NP the world 's )NP *UNK stocks )NP )PP )NP (PP in (NP a few years )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S But (NP the Japanese *UNKC Association )NP (VP criticized (NP moves (S (VP to (VP ban (NP the practice )NP (PP in (NP international *UNK )NP )PP )VP )VP )S )NP )VP . )S  STOP
(S `` (S (NP (NP It )NP )NP (VP is (ADJP really unfortunate )ADJP (SBAR for (S (NP human beings )NP (VP to (VP be (VP *UNKED (PP by (NP emotional discussions )NP )PP )VP )VP )VP )S )SBAR )VP )S , '' (NP the association )NP (VP said )VP . )S  STOP
(S (PP In *UNK , or `` (NAC wall (PP of (NP death )NP )PP )NAC , '' fishing )PP , (NP *UNK )NP (VP lay (NP (NP *UNK )NP (ADJP (NP (QP up to three )QP miles )NP long )ADJP (SBAR (WHNP that )WHNP (S (VP *UNK (NP (NP almost everything )NP (PP in (NP their path )NP )PP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Earlier this year )NP , (NP Japan )NP (VP said (SBAR (S (NP it )NP (VP would (VP cut (NP (NP the number )NP (PP of (NP its *UNK- vessels )NP )PP (PP in (NP the South Pacific )NP )PP )NP (UCP (PP by (NP two-thirds )NP )PP , or (ADVP down (PP to (NP 20 )NP )PP )ADVP )UCP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Workers )NP (PP at (NP (NP (NP *UNKC S.A. 's )NP car plant )NP (PP at (NP (NP *UNKC )NP , (PP in (NP *UNK France )NP )PP , )NP )PP )NP )PP )NP (VP voted (S (VP to (VP end (NP (NP a *UNK- strike )NP (SBAR (WHNP that )WHNP (S (VP has (VP cost (NP the *UNKC group )NP (NP (NP production )NP (PP of (NP 60,000 *UNK )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP )S , (NP a company spokesman )NP (VP said )VP . )S  STOP
(S (NP The *UNK )NP (VP voted (S (VP to (VP accept (NP (NP a series )NP (PP of (NP (NP management proposals )NP (SBAR (WHNP that )WHNP (S (VP will (VP give (NP them )NP (NP (NP a higher basic wage )NP , (NP better *UNKING benefits )NP and (NP bigger annual bonuses )NP )NP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP The spokesman )NP (VP said (SBAR (S (NP (NP the vote )NP (PP at (NP *UNKC )NP )PP )NP (VP is (VP expected (S (VP to (VP be (VP followed (PP by (NP (NP a similar move )NP (PP at (NP (NP (NP the company 's )NP assembly plant )NP (PP at (NP (NP *UNKC )NP , (SBAR (WHADVP where )WHADVP (S (NP (NP the number )NP (PP of (NP *UNK )NP )PP )NP (VP has (VP been (VP *UNKED (ADVP down )ADVP (PP to (NP 80 )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )PP )VP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (QP About 8,000 )QP (NAC National Union (PP of (NP *UNKC )NP )PP )NAC members )NP (VP resumed (NP (NP their strike )NP (PP against (NP De Beers Consolidated *UNKC Ltd. )NP )PP )NP (SBAR after (S (NP further negotiations (S (VP to (VP settle (NP a wage dispute )NP )VP )VP )S )NP (VP broke (PRT down )PRT )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKING workers )NP , (SBAR (WHNP who )WHNP (S (VP began (S (VP striking (NP five diamond mines )NP (PP on (NP Oct. 13 )NP )PP )VP )S )VP )S )SBAR , )NP (VP had (VP returned (PP to (NP work )NP )PP (NP last week )NP (SBAR (WHADVP when )WHADVP (S (NP (NP the union )NP and (NP De Beers )NP )NP (VP arranged (S (VP to (VP reopen (NP negotiations )NP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP A De Beers spokesman )NP (VP said (NP yesterday )NP (SBAR (S (NP the company )NP (VP had (VP offered (S (VP to (VP increase (NP the minimum wage )NP (PP by (NP 18 % )NP )PP , (SBAR while (S (NP the union )NP (VP was (VP demanding (NP *UNKN % )NP )VP )VP )S )SBAR )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Before (S (NP the two parties )NP (VP resumed (NP talks )NP (NP last week )NP )VP )S )SBAR , (S (NP De Beers )NP (VP offered (NP 17 % )NP )VP )S and (S (NP the union )NP (VP wanted (NP *UNKN % )NP )VP )S . )S  STOP
(S (NP (NP China 's )NP (NP People 's )NP Daily )NP (VP took (NP note )NP (PP of (NP (NP the growing problem )NP (PP of (NP computer fraud )NP )PP )NP )PP )VP . )S  STOP
(S (S (S (SBAR Since (S (NP the first fraud )NP (VP was (VP discovered (PP in (NP July 1986 )NP )PP (PP at (NP (NP an office )NP (PP of (NP (NP (NP the People 's )NP Bank )NP (PP of (NP China )NP )PP )NP )PP (PP in (NP *UNKC )NP )PP )NP )PP )VP )VP )S )SBAR , (NP 15 major cases )NP (VP have (VP been (VP found )VP )VP )VP )S , (NP the paper )NP (VP said )VP )S ; (S (NP the biggest )NP (VP was (NP (NP the theft )NP (PP of (NP $ *UNKN )NP )PP (PP from (NP (NP a bank )NP (PP in (NP *UNKC )NP )PP )NP )PP (PP in (NP March 1988 )NP )PP )NP )VP )S . )S  STOP
(S (NP (NP The number )NP (PP of (NP computers )NP )PP )NP (VP has (VP *UNKED (PP in (NP recent years )NP )PP , (PP with (NP (NP (NP 10,000 )NP (PP in (NP use )NP )PP )NP , (CONJP as well as )CONJP (NP 30,000 *UNK models )NP )NP )PP )VP )VP . )S  STOP
(S (S But (NP (NP security systems )NP , (NP effective management controls )NP and (NP regulations (S (VP to (VP *UNK (NP their use )NP )VP )VP )S )NP )NP (VP have not (VP kept (NP pace )NP )VP )VP )S , (NP (NP the People 's )NP Daily )NP (VP said )VP . )S  STOP
(S (S (S (PP Besides (NP money )NP )PP , (NP criminals )NP (VP have (ADVP also )ADVP (VP used (NP computers )NP (S (VP to (VP steal (NP *UNK and intelligence )NP )VP )VP )S )VP )VP )S , (NP the newspaper )NP (VP said )VP )S , but (S (NP it )NP (VP gave (NP no more details )NP )VP )S . )S  STOP
(S (S (NP Japanese tourists )NP (VP will (VP be (VP told (S (VP to (VP take (NP care )NP (SBAR (WHADVP when )WHADVP (S (VP *UNKING (NP (NP earthquake damage )NP (PP in (NP San Francisco )NP )PP )NP )VP )S )SBAR )VP )VP )S )VP )VP )VP )S , (NP (NP the Japan Association )NP (PP of (NP Travel *UNKC )NP )PP )NP (VP said )VP . )S  STOP
(S (NP The association )NP (VP issued (NP an advisory )NP (PP to (NP its *UNKN member agencies )NP )PP (PP following (NP (NP a report )NP (PP from (NP the Foreign Ministry )NP )PP (SBAR that (S (NP (NP *UNKING )NP (PP by (NP Japanese tourists )NP )PP (PP in (NP *UNK- areas )NP )PP )NP (VP was (VP causing (NP ill feeling )NP (PP among (NP local residents )NP )PP )VP )VP )S )SBAR )NP )PP )VP ... . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP (NP (NP *UNKC 's )NP *UNK )NP (PP in (NP Red Square )NP )PP )NP (VP will (VP be (VP closed (PP (PP from (NP Nov. 10 )NP )PP (PP to (NP Jan. 15 )NP )PP )PP (PP for (NP essential maintenance )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The red *UNK *UNK )NP (VP *UNK (NP (NP thousands )NP (PP of (NP visitors )NP )PP )NP (ADVP daily )ADVP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP on (NP rural *UNK )NP )PP )NP (VP rose (NP 33 % )NP (PP between (NP (NP 1986 )NP and (NP last year )NP )NP )PP )VP )S , (NP the National *UNKC *UNKC Safety Administration )NP (VP said (PP in (NP (NP a report )NP (PP on (NP (NP the impact )NP (PP of (NP the (ADJP 65 *UNK- )ADJP speed limit )NP )PP (PP on (NP those roads )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The report )NP (PP to (NP Congress )NP )PP )NP (VP said (SBAR that (S (NP *UNK )NP (VP (VP rose (NP 18 % )NP (PP in (NP 1987 )NP )PP )VP and (VP (NP 13 % )NP (PP in (NP 1988 )NP )PP )VP (PP on (NP rural *UNK )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The 1987 highway bill )NP (VP permitted (S (NP states )NP (VP to (VP raise (NP the speed limit )NP (PP to (NP 65 *UNK )NP )PP (PP from (NP 55 *UNK )NP )PP (PP on (NP (NP interstate roads )NP , (SBAR (WHNP which )WHNP (S (VP are (VP defined (PP as (NP (NP highways )NP (SBAR (WHNP that )WHNP (S (VP pass (PP through (NP (NP areas )NP (PP with (NP (QP fewer than 50,000 )QP people )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP Since (NP 1987 )NP )PP , (NP 40 states )NP (VP have (VP increased (NP (NP the speed limit )NP (PP on (NP rural *UNK )NP )PP )NP )VP )VP . )S  STOP
(S `` (S (NP (QP About one-third )QP of (NP the *UNK increase )NP )NP (VP is (VP attributed (PP to (NP greater travel )NP )PP )VP )VP )S , and (S (NP (QP about two-thirds )QP )NP (VP is (VP attributed (PP (PP to (NP other factors )NP )PP -LCB- (PP (ADVP primarily )ADVP to (NP greater speed )NP )PP -RCB- )PP )VP )VP )S , '' (PP according (PP to (NP *UNKC )NP )PP )PP . )S  STOP
(S (NP The report )NP (VP showed (SBAR that (S (NP (NP deaths )NP (PP on (NP urban interstate highways )NP )PP )NP (VP rose (NP 7 % )NP (PP between (NP (NP 1986 )NP and (NP last year )NP )NP )PP , (SBAR while (S (NP (NP *UNK )NP (PP on (NP *UNK- roads )NP )PP )NP (VP were (ADJP about the same (PP in (NP 1988 )NP )PP (PP as (PP in (NP 1986 )NP )PP )PP )ADJP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP states )NP (SBAR (WHNP that )WHNP (S (VP raised (NP (NP the speed limit )NP (PP on (NP rural *UNK )NP )PP )NP )VP )S )SBAR )NP )PP , (NP the *UNK rate )NP (VP rose (NP (QP about 18 )QP % )NP (PP to (NP (NP 1.7 deaths )NP (PP per (NP (NP (QP 100 million )QP miles )NP (VP *UNKED )VP )NP )PP )NP )PP (PP between (NP (NP 1986 )NP and (NP 1988 )NP )NP )PP )VP . )S  STOP
(S (PP In (NP contrast )NP )PP , (NP (NP the *UNK rate )NP (PP in (NP (NP the states )NP (SBAR (WHNP that )WHNP (S (VP retained (NP the (ADJP 55 *UNK )ADJP limit )NP )VP )S )SBAR )NP )PP )NP (VP was (NP (NP 0.9 )NP )NP (NP last year )NP , (ADJP the same (PP as (PP in (NP 1986 )NP )PP )PP )ADJP )VP . )S  STOP
(NP *UNKED *UNKING )NP  STOP
(S -LRB- `` (NP Food manufacturer )NP (VP changes (NP (NP *UNKING )NP (PP of ` (NP *UNK )NP ' )PP )NP (PP to ` (NP *UNK )NP )PP , ' (S (VP saying (SBAR (S (NP that )NP (VP 's (NP (NP the *UNKING )NP (SBAR (S (NP people )NP (VP (ADVP now )ADVP prefer )VP )S )SBAR )NP )VP )S )SBAR )VP )S )VP . '' )S  STOP
(NP -- *UNKC Business *UNKC -RRB- )NP  STOP
(S (S (NP Public preference )NP (VP is (ADJP important )ADJP )VP )S , So (S (NP product names )NP (VP should (VP match (PRT up )PRT )VP )VP )S , And (S (NP (NP firms )NP (SBAR (WHNP that )WHNP (S (VP find (SBAR (S (NP they )NP (VP 're (VP lagging (ADVP behind )ADVP )VP )VP )S )SBAR )VP )S )SBAR )NP (VP Should (ADVP now )ADVP (VP take (NP (NP steps )NP (SBAR (S (VP to (VP *UNK )VP )VP )S )SBAR )NP )VP )VP )S ! )S  STOP
(NP -- George O. *UNKC . )NP  STOP
(S (VP Judge Not )VP )S  STOP
(S (ADJP How easy )ADJP (NP (NP it )NP )NP (VP is (S (VP To (VP attack (NP (NP others ' )NP views )NP (PP Without (S (ADVP ever )ADVP (VP setting (NP A foot )NP (PP in (NP their shoes )NP )PP )VP )S )PP )VP )VP )S )VP ! )S  STOP
(NP -- G. Sterling *UNKC . )NP  STOP
(NP *UNKC )NP  STOP
(NP (NP *UNKING course )NP : (NP *UNKING )NP . )NP  STOP
(NP -- Thomas Henry . )NP  STOP
(S (PP In (NP (NP an (NAC Oct. 10 )NAC *UNK- article )NP , `` (S (NP It )NP (VP 's (NP (NP the World Bank 's )NP *UNKC (S (VP to (VP *UNKC )VP )VP )S )NP )VP )S )NP )PP , '' (NP Paul Craig Roberts )NP (VP *UNK (NP (NP most )NP (PP of (NP (NP the blame )NP (PP for (SBAR (WHNP what )WHNP (S (VP *UNK (NP developing countries )NP )VP )S )SBAR )PP )NP )PP )NP (PP at (NP (NP the *UNK )NP (PP of (NP the World Bank )NP )PP )NP )PP )VP . )S  STOP
(S (NP The article )NP (VP is , (ADVP *UNKLY )ADVP , (ADJP *UNK (PP with (NP *UNK *UNK )NP )PP )ADJP )VP . )S  STOP
(S (NP (NP One )NP (PP of (NP (NP Mr. Roberts 's )NP *UNK )NP )PP )NP (VP is (SBAR that (S (NP (NP the Bank 's )NP own loan portfolio )NP (VP is (PP in (NP deep trouble )NP )PP (PP because of (NP (NP its lending )NP (PP to (NP developing countries )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP This )NP (VP is (ADVP just )ADVP not (ADJP so )ADJP )VP . )S  STOP
(S (NP The reality )NP (VP is (SBAR that (S (NP Bank finances )NP (VP are (ADJP rock solid )ADJP )VP )S )SBAR )VP . )S  STOP
(S (PP As (PP of (NP (NP June 30 , 1989 )NP -- (NP (NP the day )NP (SBAR (S (NP our past fiscal year )NP (VP came (PP to (NP a close )NP )PP )VP )S )SBAR )NP -- )NP )PP )PP (NP (NP (QP only 4.1 )QP % )NP (PP of (NP (NP the Bank 's )NP portfolio )NP )PP )NP (VP was (VP affected (PP by (NP (NP *UNK )NP (PP of (NP over six months )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP This )NP (VP is (NP an (ADJP *UNKLY low )ADJP level )NP )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP the Bank )NP (VP (VP follows (NP a prudent *UNKING policy )NP )VP and (VP has (VP set (PRT aside )PRT (NP (QP $ 800 million )QP )NP (PP against (NP possible loan losses )NP )PP )VP )VP )VP . )S  STOP
(S (PP For (NP the same fiscal year )NP )PP , (PP by (NP the way )NP )PP , (NP (NP the Bank 's )NP net income )NP (VP was (NP (NP a robust (QP $ 1.1 billion )QP )NP (PP after (NP provisions )NP )PP )NP )VP . )S  STOP
(S (PP Because of (NP (NP the *UNK- manner )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP the Bank )NP (VP goes (PP about (NP development )NP )PP )VP )S )SBAR )NP )PP , (NP financial markets )NP (VP have (NP (NP confidence )NP (PP in (NP it )NP )PP )NP )VP . )S  STOP
(S (NP This )NP (VP helps (S (VP explain (NP (NP (NP the triple-A rating )NP (VP enjoyed (PP by (NP our bonds )NP )PP )VP )NP and (NP our ability (S (VP to (VP borrow (NP (QP $ *UNKN billion )QP )NP (PP in (NP fiscal 1989 )NP )PP (PP on (NP the (ADJP most *UNK )ADJP terms )NP )PP )VP )VP )S )NP )NP )VP )S )VP . )S  STOP
(S (NP (NP Another )NP (PP of (NP (NP Mr. Roberts 's )NP *UNK )NP )PP )NP (VP is (SBAR that (S (NP Bank lending )NP (VP has (VP done (NP (NP more harm )NP (PP than (ADJP good )ADJP )PP )NP `` (PP by (S (VP (VP *UNKING (NP the wrong incentives )NP )VP and (VP *UNKING (NP energy )NP (PP away (PP from (NP economic development )NP )PP )PP )VP )VP )S )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (ADVP Here )ADVP , (ADVP too )ADVP , (NP Mr. Roberts )NP (VP is (PP (ADVP way )ADVP off (NP the mark )NP )PP )VP . )S  STOP
(S (NP The reality )NP (VP is (SBAR that (S (NP Bank loans )NP (VP have (VP been (VP linked (PP to (NP policy improvements )NP )PP (PP for (NP 40 years )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Our traditional project loans )NP (VP have , (PP for (NP instance )NP )PP , (VP supported (NP (NP (NP *UNK energy pricing )NP (PP in (NP the power sector )NP )PP )NP , (NP (NP sound interest-rate policies )NP (PP in (NP the credit area )NP )PP )NP and (NP (NP the operation )NP (PP of (NP public utilities )NP )PP (PP as (NP (ADJP efficient , *UNK )ADJP agencies )NP )PP )NP )NP )VP )VP . )S  STOP
(S (ADVP By and large )ADVP , (NP these efforts )NP (VP have (VP *UNK (NP fruit )NP )VP )VP . )S  STOP
(S (PP In (NP (NP my home region )NP , (NP Latin America )NP , )NP )PP (NP (NP much )NP (PP of (NP (NP the existing infrastructure base )NP -- (NP (NP an important building block )NP (PP for (NP development )NP )PP )NP -- )NP )PP )NP (VP has (VP been (VP financed (PP by (NP the World Bank )NP )PP )VP )VP )VP . )S  STOP
(S (NP Mr. Roberts )NP (ADVP also )ADVP (VP takes (NP a *UNK )NP (PP at (NP (NP the Bank 's )NP adjustment lending )NP )PP )VP . )S  STOP
(SBARQ (WHNP What )WHNP (SQ (VP are (NP (NP the facts )NP (PP on (NP (NP this type )NP (PP of (NP lending )NP )PP )NP )PP )NP )VP )SQ ? )SBARQ  STOP
(S (NP The Bank )NP (VP has (VP been (VP making (NP adjustment loans )NP (PP for (NP 10 years )NP )PP )VP )VP )VP . )S  STOP
(S (SBAR As (S (NP their name )NP (VP implies )VP )S )SBAR , (NP these operations )NP (VP are (VP linked (PP to (NP (NP far-reaching policy reforms )NP (SBAR (WHNP that )WHNP (S (VP aim (PP (PP at (S (VP helping (S (NP borrowing countries )NP (VP get (PRT back )PRT (PP on (NP the growth path )NP )PP )VP )S )VP )S )PP and (PP at (S (VP *UNKING (NP their *UNK- )NP )VP )S )PP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP these measures )NP (VP include (NP (NP reforms )NP (SBAR (S (VP (VP to (VP *UNK (NP (NP the role )NP (PP of (NP government and *UNK )NP )PP (PP in (NP the economy )NP )PP )NP )VP )VP , (VP to (VP open (PRT up )PRT (NP *UNKING economies )NP (PP to (NP international competition )NP )PP )VP )VP and (VP to (VP promote (NP (NP the development )NP (PP of (NP a vigorous private sector )NP )PP )NP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP for (NP the private sector )NP )PP )NP (VP has (VP been (NP (NP a longstanding concern )NP (PP of (NP the Bank 's )NP )PP )NP )VP )VP . )S  STOP
(S (PP Over (NP the years )NP )PP , (NP it )NP (VP has (VP helped (S (VP encourage (NP (NP investments )NP (PP by (NP (NP entrepreneurs )NP (PP in (NP the Third World )NP )PP )NP )PP )NP (PP (PP through (NP its extensive credit operations )NP )PP and (PP through (NP (NP loans and investments )NP (PP by (NP the International Finance Corp )NP )PP )NP )PP )PP )VP )S )VP )VP . )S  STOP
(S (ADVP Most recently )ADVP , (NP the Bank Group )NP (VP has (VP been (VP expanded (S (VP to (VP include (NP the *UNKC Investment *UNKC Agency )NP )VP )VP )S (S (VP to (VP *UNK (NP (NP direct foreign investment )NP (PP in (NP developing countries )NP )PP )NP (PP by (S (VP offering (NP (NP (NP guarantees )NP (PP against (NP *UNK risk )NP )PP )NP and (NP (NP advice )NP )NP )NP (PP to (NP member countries )NP )PP (PP on (SBAR (WHADVP how )WHADVP (S (VP to (VP improve (NP their business climate )NP )VP )VP )S )SBAR )PP )VP )S )PP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP These )NP (VP are not (NP (NP (NP the actions )NP (PP of (NP (NP a development agency )NP (VP *UNKED (PP (PP to (NP central planning )NP )PP and (PP to (NP (NP the *UNK )NP (PP of (NP (NP investment decisions )NP (PP in (NP (NP the hands )NP (PP of (NP government )NP )PP )NP )PP )NP )PP )NP )PP )PP )VP )NP )PP )NP )NP , (SBAR as (S (NP Mr. Roberts )NP (VP alleges )VP )S )SBAR )VP . )S  STOP
(S (ADVP Rather )ADVP , (NP they )NP (VP reflect (NP (NP (NP the Bank 's )NP (ADJP *UNKED , *UNK )ADJP approach )NP , (SBAR (WHNP which )WHNP (S (VP aims (PP at (S (VP *UNKING (SBAR that (S (NP developing countries )NP (VP put (NP their scarce resources )NP (PP to (NP the (ADJP best possible )ADJP use )NP )PP )VP )S )SBAR )VP )S )PP )VP )S )SBAR )NP )VP . )S  STOP
(NP (NP Francisco *UNKC )NP (NP (NP (NP Director )NP , (NP *UNKC Affairs )NP )NP (NP The World Bank )NP )NP )NP  STOP
(S (NP The government )NP (VP said (SBAR (S (NP it )NP (VP would (VP streamline (NP (NP its (ADJP enormous and *UNKED )ADJP food marketing and distribution network )NP , (NP (NP (NP *UNKC *UNKC )NP (PP de (NP *UNKC *UNKC )NP )PP )NP , or (NP *UNKC )NP )NP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Director *UNKC *UNKC *UNKC )NP (VP said (SBAR (S (NP the agency )NP (VP will (VP sell (NP (NP *UNKN *UNKED *UNK )NP and (NP several *UNK- (NX (NX plants )NX and (NX *UNK )NX )NX )NP )NP (S (VP beginning (ADVP early (NP next year )NP )ADVP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The agency )NP (VP will (VP withdraw (PP from (NP (NP the production )NP (PP of (NP nine food products )NP )PP )NP )PP , (S (VP maintaining (NP (NP production )NP (PP of (NP (NP the two (ADJP most important )ADJP ones )NP , (NP corn and milk )NP )NP )PP )NP )VP )S )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (ADVP also )ADVP (VP said (SBAR (S (NP *UNKC )NP (VP will (VP (VP cut (PRT back )PRT (NP (NP subsidies )NP (PP to (NP (NP producers )NP (PP of (NP *UNK farm products )NP )PP )NP )PP )NP )VP and (VP close (NP retail outlets )NP (PP in (NP wealthy neighborhoods )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP The agency 's )NP workers )NP and (NP private companies )NP )NP (VP would (VP be (VP allowed (S (VP to (VP bid (PP for (NP (NP the assets )NP (ADJP up (PP for (NP sale )NP )PP )ADJP )NP )PP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP (VP controls (NP (NP prices )NP (PP on (NP agricultural goods )NP )PP )NP )VP and (VP operates (NP (NP retail outlets )NP (SBAR (WHADVP where )WHADVP (S (NP basic consumer items )NP (VP are (VP sold (PP at (NP *UNKED prices )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP Business leaders )NP (VP have (VP (ADVP long )ADVP criticized (NP the agency )NP (PP as (NP (NP a leading example )NP (PP of (NP *UNK waste )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC leaders )NP (VP *UNKED (NP the *UNKC restructuring )NP )VP . )S  STOP
(S But (NP most economists )NP (VP doubt (SBAR (S (NP the streamlining )NP (VP would (VP cut (ADVP deeply )ADVP (PP into (NP (NP *UNKC government subsidy )NP , (SBAR (WHNP which )WHNP (S (VP (ADVP largely )ADVP goes (S (VP to (VP reduce (NP (NP consumer prices )NP (PP for (NP corn and milk )NP )PP )NP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The Food and Drug Administration )NP (VP banned (NP (NP all imports )NP (PP of (NP *UNK )NP )PP (PP from (NP China )NP )PP )NP (PP in (NP (NP response )NP (PP to (NP (NP a *UNK )NP (PP of (NP (NP *UNKING *UNK )NP (VP linked (PP to (NP *UNKED Chinese *UNK )NP )PP )VP )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S `` (S (NP The agency )NP (VP has (VP concluded (SBAR that (S (NP *UNK )NP (VP may (VP be (ADJP widespread )ADJP (PP throughout (NP (NP the *UNKING industry )NP (PP in (NP China )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP )S , '' (NP an FDA spokesman )NP (VP said (NP yesterday )NP )VP . )S  STOP
(S (NP The agency )NP (VP wo n't (VP allow (S (NP (NP *UNK )NP (SBAR (WHNP that )WHNP (S (VP were (VP (VP *UNKED )VP or (VP *UNKED (PP in (NP *UNK )NP )PP )VP (PP at (NP any Chinese plant )NP )PP )VP )VP )S )SBAR )NP (VP to (VP enter (NP the U.S. )NP (SBAR until `` (S (NP *UNK *UNK- measures )NP (VP are (VP *UNKED (PP in (NP China )NP )PP (S (VP to (VP prevent '' (NP *UNK *UNK )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (PP On (NP May 19 )NP )PP , (NP the FDA )NP (VP began (S (VP *UNKING (NP (NP Chinese *UNK )NP (PP in (NP *UNK- *UNK )NP )PP )NP )VP )S (SBAR after (S (NP (NP (QP more than 100 )QP people )NP (PP in (NP (NP Mississippi )NP , (NP New York )NP and (NP Pennsylvania )NP )NP )PP )NP (VP became (ADJP ill )ADJP (PP from (S (VP eating (NP *UNKED mushrooms )NP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP subsequent tests )NP )PP , (NP the agency )NP (VP found (NP (NP *UNK- *UNK )NP (PP from (NP several Chinese plants )NP )PP )NP (S (VP to (VP be (VP (ADVP *UNKLY )ADVP *UNKED )VP )VP )VP )S )VP . )S  STOP
(S (NP The *UNK )NP (VP were (VP *UNKED (PP to (NP (NP *UNK *UNK )NP , (NP (NP a type )NP (PP of (NP bacteria )NP )PP (SBAR (WHNP that )WHNP (S (VP produces (NP (NP a toxin )NP (ADJP capable (PP of (S (VP *UNKING (NP (NP the high temperatures )NP (VP used (PP in (S (VP *UNKING (NP *UNK )NP )VP )S )PP )VP )NP )VP )S )PP )ADJP )NP )VP )S )SBAR )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP A recall )NP (PP of (NP (NP the mushrooms )NP (VP blamed (PP for (NP the food *UNKING )NP )PP )VP )NP )PP )NP (VP began (PP in (NP early March )NP )PP )VP . )S  STOP
(S (PP In (NP 1987 )NP )PP , (NP China )NP (VP exported (NP (NP (QP 65 million )QP pounds )NP (PP of (NP mushrooms )NP )PP , (VP valued (PP at (NP (QP $ 47 million )QP )NP )PP )VP , )NP (PP to (NP the U.S. )NP )PP )VP . )S  STOP
(S (NP The shipments )NP (VP went (PP (ADVP mostly )ADVP to (NP (NP *UNK- distributors )NP (SBAR (WHNP that )WHNP (S (VP supply (NP *UNK and restaurants )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP A spokesman )NP (PP for (NP the Chinese *UNKC )NP )PP )NP (ADVP here )ADVP (VP said (SBAR that (S (NP the Beijing government )NP (VP (VP has (VP taken (NP `` many effective measures '' (S (VP to (VP stop (NP the *UNK *UNK )NP )VP )VP )S )NP )VP )VP and (VP is (VP (ADVP further )ADVP investigating (NP the underlying causes )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP predicted (SBAR (S (NP the problem )NP (VP will (VP be (VP *UNKED `` (ADVP very soon )ADVP )VP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP Your (NAC Sept. 26 )NAC `` (NP *UNKC & Policy )NP '' article )NP (PP about (NP (NP (NP William Bennett 's )NP *UNKC Drug Plan )NP (PP for (NP Washington )NP )PP )NP )PP )NP (VP gives (NP the impression (SBAR that (S (NP the FBI )NP (VP (VP has not (VP been )VP )VP nor (VP is )VP (ADJP actively involved )ADJP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP This )NP (VP is not (NP the case )NP )VP . )S  STOP
(S (NP The FBI )NP (VP is (UCP (ADJP very *UNK (PP of )PP )ADJP and (NP (NP an active *UNK )NP (PP in )PP )NP (NP (NP Mr. Bennett 's )NP initiative )NP )UCP )VP . )S  STOP
(S (NP It )NP (VP was (VP agreed (PP at (NP (NP the *UNK )NP (PP of (NP the Washington Drug *UNKC )NP )PP )NP )PP (SBAR that (S (NP (NP the FBI 's )NP role )NP (VP would (VP be (S (VP to (VP continue (S (VP targeting (NP the major drug *UNK )NP (PP through (NP our National Drug *UNKC )NP )PP )VP )S )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP Through (NP these investigations )NP )PP (NP we )NP (VP do not (VP focus (PP on (NP the street drug user )NP )PP )VP )VP , but (ADVP rather )ADVP (S (NP we )NP (VP target and attack (NP (NP major *UNKING organizations )NP (SBAR (WHNP that )WHNP (S (VP control (NP (NP a large segment )NP (PP of (NP the drug market )NP )PP )NP )VP )S )SBAR )NP )VP )S . )S  STOP
(S (NP (NP The trial )NP (PP of (NP *UNKC *UNKC III )NP )PP (PP in (NP Washington )NP )PP )NP (VP serves (S (VP to (VP highlight (NP (NP (NP our efforts )NP (PP in (NP this area )NP )PP )NP and (NP (NP the results )NP (VP achieved (PP through (NP (NP our excellent working relationship )NP (PP with (NP (NP the Drug *UNKC Administration )NP and (NP (NP the Metropolitan Police Department )NP (PRN -LRB- (NP *UNKC )NP -RRB- )PRN )NP )NP )PP )NP )PP )VP )NP )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP The FBI 's )NP role )NP (VP is (S (VP to (VP *UNK (NP the D.C. initiative )NP (PP (PP through (ADVP not only )ADVP (NP these major *UNKING investigations )NP )PP , but also (PP by (S (VP providing (NP (NP a full range )NP (PP of (NP services )NP )PP )NP (PP through (NP (NP various task forces )NP and (NP (NP our contacts )NP (PP with (NP (NP local police *UNK )NP (VP handling (NP *UNKED crimes )NP )VP )NP )PP )NP )NP )PP )VP )S )PP )PP )VP )VP )S )VP . )S  STOP
(S (PP In (NP fact )NP )PP , (NP we )NP (VP have (NP (NP agents )NP (VP assigned (NP full time )NP (S (VP to (VP assist (NP the *UNKC )NP (PP in (NP (NP *UNKED crimes )NP (PP such as (NP (NP *UNK )NP and (NP (NP other crimes )NP (PP of (NP violence )NP )PP )NP )NP )PP )NP )PP )VP )VP )S )VP )NP )VP . )S  STOP
(NP (NP *UNKC *UNKC )NP (NP (NP *UNKC Director )NP (NP (NP (NP Office )NP (PP of (NP Public Affairs )NP )PP )NP (NP (NP Federal Bureau )NP (PP of (NP Investigation )NP )PP )NP )NP )NP )NP  STOP
(S (NP Ramada Inc. )NP (VP (VP revised (NP (NP the terms )NP (PP of (NP its restructuring )NP )PP )NP )VP and (VP extended (PP to (NP Feb. 28 , 1990 , )NP )PP (NP (NP the deadline )NP (SBAR (S (VP to (VP complete (NP (NP the sale )NP (PP of (NP its hotel business )NP )PP (PP to (NP (NP (NP New World Development Co. )NP (PP of (NP Hong Kong )NP )PP )NP and (NP (NP Prime Motor *UNKC Inc. )NP (PP of (NP (NP *UNKC )NP , (NP N.J )NP )NP )PP )NP )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP Ramada 's )NP previous plan )NP (VP was (VP *UNKED (PP by (NP (NP *UNK )NP (PP in (NP the junk-bond market )NP )PP (SBAR (WHNP that )WHNP (S (VP *UNKED (NP (NP the offering )NP (PP of (NP (NP (QP $ 400 million )QP )NP (PP in (NP (NP high-yield securities )NP (PP of (NP (NP *UNKC Corp. )NP , (NP (NP the new company )NP (SBAR (WHNP that )WHNP (S (VP will (VP operate (NP (NP (NP Ramada 's )NP *UNK )NP (PP in (NP (NP Nevada )NP and (NP Atlantic City )NP )NP )PP )NP )VP )VP )S )SBAR )NP )NP )PP )NP )PP )NP )PP )NP )VP )S )SBAR )NP )PP )VP )VP , )S  STOP
(S (PP Under (NP the new terms )NP )PP , (S (NP New World )NP (VP will (ADVP still )ADVP (VP pay (NP (NP (QP $ *UNKN million )QP )NP )NP (PP for (NP (NP Ramada 's )NP hotel business )NP )PP , (ADJP subject (PP to (NP (NP adjustment )NP (PP at (NP closing )NP )PP )NP )PP )ADJP , )VP )VP )S but (S (NP Ramada )NP (VP will (ADVP now )ADVP (VP *UNK (NP New World )NP (PP for (NP (NP (QP $ 10 million )QP )NP (PP in (NP expenses )NP )PP )NP )PP )VP )VP )S . )S  STOP
(S (NP Prime )NP (VP will (ADVP still )ADVP (VP manage (NP (NP Ramada 's )NP domestic franchise system )NP (SBAR (WHADVP when )WHADVP (S (NP the sale )NP (VP *UNK )VP )S )SBAR )VP )VP . )S  STOP
(S (NP *UNKED terms )NP (VP call (SBAR for (S (NP each Ramada common share )NP (VP to (VP be (VP exchanged (PP for (NP (NP (NP $ 1 )NP (PP in (NP cash )NP )PP , (ADJP subject (PP to (NP possible reduction )NP )PP )ADJP , )NP and (NP (NP one share )NP (PP of (NP *UNKC common stock )NP )PP )NP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Shareholders )NP (VP will (ADVP also )ADVP (VP receive (NP (NP one cent )NP (PP per (NP share )NP )PP )NP (PP for (NP (NP the redemption )NP (PP of (NP preferred stock purchase rights )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The cash *UNK )NP (VP will (VP be (VP reduced (PP by (NP (NP 40 % )NP (PP of (NP (NP any amount )NP (SBAR (WHPP by (WHNP which )WHNP )WHPP (S (NP (NP the weighted mean price )NP (PP of (NP (NP Ramada 's )NP common stock )NP )PP )NP (VP exceeds (NP $ 14 )NP (PP on (NP (NP the day )NP (SBAR (S (NP the transaction )NP (VP *UNK )VP )S )SBAR )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP The provision )NP (VP will (VP help (S (VP provide (PP for (NP (NP tax liabilities )NP (SBAR (WHNP that )WHNP (S (VP may (VP stem (PP from (NP the restructuring )NP )PP )VP )VP )S )SBAR )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP (NP Ramada 's )NP stock )NP (VP rose (NP 87.5 cents )NP (PP on (NP the news )NP )PP (S (VP to (VP close (PP at (NP $ *UNKN )NP )PP )VP )VP )S (PP in (NP composite New York Stock Exchange trading )NP )PP )VP . )S  STOP
(S (NP The announcement )NP (VP *UNKED (NP (NP some Wall Street observers ' )NP fears (SBAR that (S (NP New World )NP (VP might (VP (VP demand (NP (NP a huge premium )NP (PP for (NP the delay )NP )PP )NP )VP , or (VP *UNK (NP the deal )NP (ADVP entirely )ADVP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP The previous deadline )NP (SBAR (S (VP to (VP complete (NP the sale )NP )VP )VP )S )SBAR )NP (VP was (NP Nov. 30 )NP )VP . )S  STOP
(S (NP (NP One major advantage )NP (PP of (NP the revised plan )NP )PP )NP (VP is (SBAR that (S (NP *UNKC )NP (VP will (VP have (NP (NP (ADJP far less )ADJP debt )NP (PP than (PP under (NP the old terms )NP )PP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP They )NP (VP 'll (VP go (PP from (S (VP being (NP (NP one )NP (PP of (NP the (ADJP most leveraged )ADJP )NP )PP )NP )VP )S )PP (PP to (NP (NP one )NP (PP of (NP the (ADJP least leveraged )ADJP )NP )PP )NP )PP (NP casino companies )NP )VP )VP )S , '' (VP said )VP (NP (NP Daniel Lee )NP , (NP (NP an analyst )NP (PP with (NP Drexel Burnham Lambert Inc )NP )PP )NP )NP . )SINV  STOP
(S (NP Mr. Lee )NP (VP values (NP the package )NP (PP at (NP (NP (NP (QP between $ 15 and $ 20 )QP )NP (NP a share )NP )NP , (VP based (PP on (NP (NP current trading prices )NP (PP of (NP other *UNK- stocks )NP )PP )NP )PP )VP )NP )PP )VP . )S  STOP
(S (NP (NP The *UNKED restructuring )NP , (SBAR (WHNP which )WHNP (S (VP was (VP (ADVP first )ADVP announced (PP in (NP October 1988 )NP )PP )VP )VP )S )SBAR , )NP (VP must (ADVP again )ADVP (VP be (VP approved (PP by (NP (NP shareholders )NP and (NP (NP state casino regulators )NP (PP in (NP (NP Nevada )NP and (NP New Jersey )NP )NP )PP )NP )NP )PP )VP )VP )VP . )S  STOP
(S (NP *UNKING plans )NP (VP include (S (VP raising (NP (NP (QP $ 170 million )QP )NP (PP in (NP debt )NP )PP (VP secured (PP by (NP (NP (NP the company 's )NP holdings )NP (PP in (NP New Jersey )NP )PP )NP )PP )VP )NP )VP )S )VP . )S  STOP
(S (PP In (NP May )NP )PP , (NP Ramada )NP (VP sold (NP its *UNKC *UNKC *UNKC *UNKC Inc. unit )NP (PP to (NP (NP a group )NP (PP of (NP private investors )NP )PP )NP )PP (PP as (NP (NP part )NP (PP of (NP its plan (S (VP to (VP focus (PP on (NP (NP its *UNK )NP (PP (PP in (NP Atlantic City )NP )PP and (PP in (NP (NP (NP Las Vegas )NP and (NP *UNKC )NP )NP , (NP *UNKC )NP )NP )PP )PP )NP )PP )VP )VP )S )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP Bond prices )NP (VP took (NP the high road )NP )VP )S and (S (NP stock prices )NP (VP took (NP the low road )NP )VP )S (SBAR as (S (NP (NP worries )NP )NP (VP mounted (PP about (NP (NP the economy )NP and (NP the junk bond market )NP )NP )PP )VP )S )SBAR . )S  STOP
(S (NP The Dow Jones Industrial Average )NP (VP fell (NP *UNKN points )NP (PP to (NP *UNKN )NP )PP (PP in (NP sluggish trading )NP )PP )VP . )S  STOP
(S But (NP long-term Treasury bonds )NP (VP *UNKED (NP a modest rally )NP , (PP with (S (NP (NP prices )NP (PP on (NP most issues )NP )PP )NP (VP rising (NP (NP (QP about half a )QP point )NP , or (NP (NP $ 5 )NP (PP for (NP each (ADJP $ 1,000 )ADJP face amount )NP )PP )NP )NP )VP )S )PP )VP . )S  STOP
(S (NP The dollar )NP (VP *UNKED (PP against (NP other major currencies )NP )PP (PP in (NP *UNK trading )NP )PP )VP . )S  STOP
(S (NP Traders and analysts )NP (VP said (SBAR (S (NP (NP the *UNK )NP (PP between (NP the stock and bond markets )NP )PP )NP (VP is (NP (NP a sign )NP (PP of (NP (NP growing *UNK )NP (PP about (NP the economic outlook )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP A *UNKING economy )NP (VP (VP *UNK (NP corporate earnings )NP )VP and (VP thus (NP stock prices )NP )VP )VP )S , but (S (NP it )NP (VP *UNK (NP bond prices )NP (SBAR as (S (NP interest rates )NP (VP fall )VP )S )SBAR )VP )S . )S  STOP
(S (NP That *UNK )NP (VP is (VP expected (S (VP to (VP grow (NP (NP (NP today )NP (SBAR (WHADVP when )WHADVP (S (NP the government )NP (VP reports (PP on (NP September durable goods orders )NP )PP )VP )S )SBAR )NP and again (NP (NP Thursday )NP (SBAR (WHADVP when )WHADVP (S (NP (NP the first assessment )NP (PP of (NP third-quarter economic growth )NP )PP )NP (VP is (VP released )VP )VP )S )SBAR )NP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Analysts )NP (VP say (SBAR (S (NP they )NP (VP think (SBAR (SBAR (S (NP durable goods orders )NP (VP fell (NP (NP (QP about 1 )QP % )NP , (PP compared (PP with (NP (NP a (ADJP 3.9 % )ADJP gain )NP (PP in (NP August )NP )PP )NP )PP )PP , )NP )VP )S )SBAR and (SBAR that (S (NP (NP growth )NP (PP in (NP the third quarter )NP )PP )NP (VP slowed (PP to (NP (QP about 2.3 )QP % )NP )PP (PP from (NP (NP the second quarter 's )NP 2.5 % )NP )PP )VP )S )SBAR )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP The stock market 's )NP decline )NP , (VP coming (PP after (NP (NP a record weekly gain )NP (PP of (NP *UNKN points )NP )PP )NP )PP )VP , )NP (VP surprised (NP some investors )NP )VP . )S  STOP
(S But (NP (NP *UNKC Moore )NP , (NP (NP director )NP (PP of (NP research )NP )PP (PP at (NP *UNKC Research )NP )PP )NP , )NP (VP said (SBAR (S (NP (NP last week 's )NP rally )NP (VP was (NP (NP a *UNK reaction )NP (PP to (NP the (NAC Oct. 13 )NAC stock market *UNK )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Overall )ADVP (PRN , (S (NP he )NP (VP said )VP )S , )PRN (NP (NP the trend )NP (PP in (NP stock prices )NP )PP )NP (VP will (VP be (ADVP down )ADVP (SBAR as (S (NP the economy )NP (VP *UNK )VP )S )SBAR )VP )VP . )S  STOP
(S `` (S (NP We )NP (VP think (SBAR (S (NP we )NP (VP 're (PP on (NP target )NP )PP (PP in (S (VP looking (PP for (NP renewed economic deterioration )NP )PP )VP )S )PP )VP )S )SBAR )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S `` (S (NP Corporate profits )NP (VP are (VP going (S (VP to (VP decrease (ADVP (ADVP faster )ADVP (SBAR than (S (NP interest rates )NP (VP will (VP fall )VP )VP )S )SBAR )ADVP )VP )VP )S )VP )VP )S , and (S (NP the *UNK )NP (VP is (SBAR that (S (NP we )NP (VP 'll (VP see (NP negative economic growth )NP (PP in (NP the fourth quarter )NP )PP )VP )VP )S )SBAR )VP )S . '' )S  STOP
(S (S (NP (NP *UNKC Johnson )NP , (NP (NP chief investment officer )NP (PP at (NP First *UNKC Corp. )NP )PP )NP , )NP (VP agreed (SBAR that (S (NP a deteriorating economy )NP (VP is (ADJP *UNK )ADJP )VP )S )SBAR )VP )S , but (S (NP he )NP (VP said (SBAR (S (NP (NP the real concern )NP (PP among (NP stock investors )NP )PP )NP (VP is (SBAR that (S (NP some new problem )NP (VP will (VP crop (PRT up )PRT (PP in (NP the junk bond market )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP )S . )S  STOP
(S (PP In (NP major market activity )NP )PP : (NP Stock prices )NP (VP slumped (PP in (NP sluggish trading )NP )PP )VP . )S  STOP
(S (NP (NP Volume )NP (PP on (NP the New York Stock Exchange )NP )PP )NP (VP totaled (NP (QP *UNKN million )QP shares )NP )VP . )S  STOP
(S (NP (NP *UNKING issues )NP (PP on (NP the Big Board )NP )PP )NP (VP were (ADVP (ADVP ahead (PP of (NP gainers )NP )PP )ADVP , (ADVP *UNKN to *UNKN )ADVP )ADVP )VP . )S  STOP
(S (NP Bond prices )NP (VP rallied )VP . )S  STOP
(S (NP (NP The yield )NP (PP on (NP (NP the Treasury 's )NP benchmark 30-year bond )NP )PP )NP (VP slipped (PP to (NP 7.93 % )NP )PP )VP . )S  STOP
(S (NP The dollar )NP (VP weakened (PP against (NP most other major currencies )NP )PP )VP . )S  STOP
(S (PP In (NP late New York trading )NP )PP , (NP the dollar )NP (VP was (VP quoted (PP at (NP (NP (NP *UNKN marks )NP and (NP 141.90 yen )NP )NP , (PP compared (PP with (NP (NP (NP *UNKN marks )NP and (NP *UNKN yen )NP )NP (NP late Friday )NP )NP )PP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The Wall Street Journal `` (NAC American Way (PP of (NP Buying )NP )PP )NAC '' *UNKC )NP (VP consists (PP of (NP (NP two separate , *UNK- nationwide polls )NP (VP conducted (PP for (NP the Journal )NP )PP (PP by (NP (NP Peter D. *UNKC Research Associates )NP and (NP the *UNKC Organization )NP )NP )PP )VP )NP )PP )VP . )S  STOP
(S (NP (NP The two surveys )NP , (SBAR (WHNP which )WHNP (S (VP asked (NP different questions )NP )VP )S )SBAR , )NP (VP were (VP conducted (S (VP using (NP national random *UNK *UNK )NP )VP )S )VP )VP . )S  STOP
(S (NP (NP The poll )NP (VP conducted (PP by (NP Peter D. Hart Research Associates )NP )PP )VP )NP (VP interviewed (NP (NP *UNKN adults )NP (UCP (NP age 18 )NP and (ADJP older )ADJP )UCP )NP (PP (PP from (NP June 15 )NP )PP (PP to (NP June 30 , 1989 )NP )PP )PP )VP . )S  STOP
(S (NP (NP The poll )NP (VP conducted (PP by (NP the Roper Organization )NP )PP )VP )NP (VP interviewed (NP (NP *UNKN adults )NP (UCP (ADJP (NP age 18 )NP and (ADJP older )ADJP )ADJP )UCP )NP (PP (PP from (NP July 7 )NP )PP (PP to (NP July 15 , 1989 )NP )PP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP were (VP weighted (PP on (NP (NP the basis )NP (PP of (NP age and *UNK )NP )PP )NP )PP (S (VP to (VP conform (PP with (NP U.S. *UNKC data )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (PP For (NP each poll )NP )PP , (NP the odds )NP (VP are (NP (QP 19 out of 20 )QP )NP (SBAR that (S (SBAR if (S (NP *UNK )NP (VP had (VP sought (S (VP to (VP survey (NP (NP every household )NP (PP in (NP the U.S. )NP )PP )NP (S (VP using (NP the same *UNK )NP )VP )S )VP )VP )S )VP )VP )S )SBAR , (NP the findings )NP (VP would (VP *UNK (PP from (NP these poll results )NP )PP (PP by (NP (NP (QP no more than 2 1\/2 )QP percentage points )NP (PP in (NP either direction )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The margin )NP (PP of (NP error )NP )PP (PP for (NP (NP *UNK )NP (PRN -- (PP for (NP example )NP )PP , (NP (NP married women )NP (PP with (NP (NP children )NP (PP at (NP home )NP )PP )NP )PP )NP -- )PRN )NP )PP )NP (VP would (VP be (ADJP larger )ADJP )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (PP in (NP any survey )NP )PP , (NP there )NP (VP is (ADVP always )ADVP (NP the chance (SBAR that (S (NP (NP other factors )NP (PP such as (NP question *UNKING )NP )PP )NP (VP could (VP introduce (NP errors )NP (PP into (NP the findings )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S -LRB- (VP *UNKC (NP (NP related story )NP : (NP `` (NP (NP The American Way )NP (PP of (NP Buying )NP )PP )NP : (SQ Is (S (VP Buying (NP a Car )NP )VP )S (NP (NP a *UNKC )NP or (NP a *UNKC )NP )NP ? )SQ )NP )NP )VP -- )S  STOP
(S (ADVP Ironically )ADVP , (NP (NP American Airlines ' )NP attempt (S (VP to (VP lead (NP industry prices )NP (S (ADVP higher )ADVP )S )VP )VP )S )NP (VP was (VP reported (PP in (NP (NP the same issue )NP (PP as (NP (NP your survey )NP (VP showing (SBAR that (S (NP consumers )NP (VP had (NP (NP the least confidence )NP (PP in (NP the airline industry )NP )PP )NP )VP )S )SBAR )VP )NP )PP (PRN -LRB- (NP Sept. 20 )NP -RRB- )PRN )NP )PP )VP )VP . )S  STOP
(S (NP You )NP (VP *UNK (NP (NP Robert *UNKC )NP , (NP (NP chairman )NP (PP of (NP (NP (NP American 's )NP parent )NP , (NP AMR Corp. )NP , )NP )PP )NP )NP (PP as (S (VP having (VP said (SBAR that (S (NP (NP discount deals )NP (PP for (NP big customers )NP )PP )NP (VP would (VP be `` (ADJP *UNK )ADJP '' (SBAR because `` (S (NP you )NP (VP will (VP go (PP to (NP Detroit )NP )PP (SBAR because (S (NP you )NP (VP have (S (VP to (VP go (PP to (NP Detroit )NP )PP )VP )VP )S )VP )S )SBAR (SBAR whether (S (NP the fare )NP (VP is (NP (NP $ 175 )NP , (NP $ *UNKN )NP or (NP $ *UNKN )NP )NP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP )S )PP )VP . '' )S  STOP
(S (SBAR Even if (S (NP Mr. *UNKC )NP (VP is (ADJP correct )ADJP )VP )S )SBAR , (NP (NP he )NP (PP of (NP all people )NP )PP )NP (VP must (VP realize (SBAR (S (NP our society )NP (VP *UNK (PP on (NP competition )NP )PP (S (VP to (VP keep (S (NP prices )NP (PP at (NP a competitive level )NP )PP )S )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP 1986 )NP )PP , (NP he )NP (VP settled (NP (NP an antitrust suit )NP (VP based (PP on (NP (NP a taped telephone conversation )NP (PP of (NP (NP him )NP (VP proposing (PP to (NP (NP *UNKC 's )NP president )NP )PP (SBAR that (S (NP (NP they )NP (NP both )NP )NP (VP raise (NP fares )NP (NP 20 % )NP )VP )S )SBAR )VP )NP )PP )NP )PP )VP )NP )VP . )S  STOP
(S -LRB- (NP *UNKC )NP (VP declined )VP -RRB- . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP I )NP (VP asked (NP American Airlines )NP (PP for (NP (NP its side )NP (PP of (NP the story )NP )PP )NP )PP (PP for (NP (NP use )NP (PP in (NP (NP my *UNKC class )NP , (SBAR (WHADVP where )WHADVP (S (NP I )NP (VP *UNK (NP business ethics )NP )VP )S )SBAR , )NP )PP )NP )PP )VP )S )SBAR (NP it )NP (VP did not (VP respond )VP )VP . )S  STOP
(S (ADVP Perhaps )ADVP (NP (NP the ethics )NP (PP of (NP (NP an industry 's )NP leader )NP )PP )NP (VP (VP *UNK (ADVP down )ADVP )VP and (VP is (NP (NP one )NP (PP of (NP (NP the factors )NP (SBAR (WHNP that )WHNP (S (ADVP ultimately )ADVP (VP *UNK (NP (NP consumer trust )NP (PP in (NP that industry )NP )PP )NP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(NP (NP Arnold *UNKC )NP (NP (NP *UNKC *UNKC )NP (NP Ohio State University )NP )NP )NP  STOP
(S (NP Meredith Corp. )NP (VP is (VP launching (NP (NP a new service )NP (SBAR (S (VP to (VP offer (NP advertisers )NP (NP (NP package deals )NP (VP combining (NP its book , magazine and *UNK products )NP )VP )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP The (ADJP *UNKC *UNKED )ADJP publisher )NP (VP said (SBAR (S (NP it )NP (VP created (NP (NP a new *UNKC Marketing Group )NP (SBAR (WHNP that )WHNP (S (VP will (VP offer (NP advertisers )NP (NP (NP special rates )NP (PP for (NP (NP combination packages )NP (PP in (NP (NP its magazines )NP , (PP such as (NP (NP *UNKC Home Journal )NP and (NP Better *UNKC and Gardens )NP )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP the group )NP (VP will (VP create (NP (NP *UNKED media )NP (PP such as (NP (NP *UNK )NP , (NP newspaper *UNK )NP and (NP *UNK )NP )NP )PP )NP (PP for (NP ad campaigns )NP )PP )VP )VP . )S  STOP
(S (ADVP Earlier (NP this year )NP )ADVP , (NP Meredith )NP (VP sold (NP its first such package )NP (PP for (NP (QP $ 3 million )QP )NP )PP (PP to (NP (NP Kraft Inc. )NP , (NP (ADVP now )ADVP (NP a unit )NP (PP of (NP (ADJP New York-based )ADJP Philip Morris *UNKC )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP The Kraft package )NP (VP included (NP (NP a (ADJP *UNKLY published )ADJP *UNK )NP , (NP (NP a national *UNKING *UNK )NP (PP in (NP Sunday newspapers )NP )PP )NP , and (NP (NP a Kraft `` *UNK '' section )NP (SBAR (WHNP that )WHNP (S (VP ran (PP in (NP five Meredith magazines )NP )PP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (NP Kraft )NP (ADVP recently )ADVP (VP agreed (S (VP to (VP spend (NP an additional (QP $ 3 million )QP )NP (PP on (NP similar programs )NP )PP (PP through (NP 1990 )NP )PP )VP )VP )S )VP . )S  STOP
(S (S (NP (NP Bill Murphy )NP , (NP (NP director )NP (PP of (NP the new marketing unit )NP )PP )NP , )NP (VP said (SBAR (S (NP Meredith )NP (VP is (VP negotiating (NP other *UNK- packages )NP (PP with (NP (NP leading companies )NP (PP in (NP several product categories )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S , but (S (NP he )NP (VP would n't (VP disclose (NP their names )NP )VP )VP )S . )S  STOP
(S (NP (NP (NP *UNKC )NP (ADJP close (PP to (NP the company )NP )PP )ADJP )NP and (NP (NP ad agencies )NP (SBAR (WHNP that )WHNP (S (VP work (PP with (NP Meredith )NP )PP )VP )S )SBAR )NP )NP (VP said (SBAR (S (NP (NP leading advertisers )NP (PP in (NP (NP consumer electronics )NP , (NP packaged goods )NP and (NP automotive products )NP )NP )PP )NP (VP were (PP among (NP (NP those )NP (VP negotiating (NP ad packages )NP (PP with (NP the Meredith group )NP )PP )VP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Other magazine publishing companies )NP (VP have (VP been (VP moving (PP in (NP the same direction )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP The New York Times Co. 's )NP Magazine Group )NP (ADVP earlier (NP this year )NP )ADVP (VP began (S (VP offering (NP advertisers )NP (NP (NP extensive *UNKING services )NP (VP built (PP around (S (VP buying (NP (NP ad pages )NP (PP in (NP its *UNKC *UNKC magazine )NP )PP )NP )VP )S )PP )VP )NP )VP )S )VP . )S  STOP
(S (NP Time Warner Inc. )NP (ADVP recently )ADVP (VP formed (NP (NP a `` *UNK department '' )NP (SBAR (S (VP to (VP seek (PRT out )PRT (NP (NP ways )NP (SBAR (S (VP to (VP offer (NP advertisers )NP (NP (NP packages )NP (SBAR (WHNP that )WHNP (S (VP could (VP combine (NP (NP Time 's )NP magazines )NP (PP with (NP (NP Warner products )NP (PP such as (NP *UNK )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Paul *UNKC )NP , (NP (NP director )NP (PP of (NP media services )NP )PP (PP at (NP *UNKC Advertising )NP )PP )NP , )NP (VP said (SBAR (S (NP Meredith )NP (VP is (NP (NP the leader )NP (PP in (S (VP providing (NP *UNK packages )NP )VP )S )PP )NP )VP )S )SBAR )VP . )S  STOP
(S `` (S (S (NP They )NP (VP may (VP get (VP passed (PRT up )PRT (ADVP later )ADVP (SBAR (WHADVP when )WHADVP (S (NP other publishers )NP (VP get (NP their acts )NP (ADVP together )ADVP )VP )S )SBAR )VP )VP )VP )S , but (S (PP for (NP now )NP )PP (NP they )NP (VP are (NP (NP the *UNK )NP (VP offering (NP the (ADJP most extensive )ADJP plan )NP )VP )NP )VP )S )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP (NP Mr. Murphy )NP (PP of (NP Meredith )NP )PP )NP (VP said (SBAR (S (NP (NP one *UNK )NP , (SBAR (WHNP which )WHNP (S (NP he )NP (VP would n't (VP identify )VP )VP )S )SBAR , )NP (VP wants (S (NP Meredith )NP (VP to (VP (VP provide (NP (NP ad pages )NP (PP in (NP seven Meredith magazines )NP )PP )NP )VP , (VP publish (NP (NP an *UNKING book )NP (SBAR (WHNP that )WHNP (S (VP will (VP be (VP distributed (PP at (NP (NP point )NP (PP of (NP purchase )NP )PP )NP )PP )VP )VP )VP )S )SBAR )NP )VP , (VP give (PRT away )PRT (NP (NP a *UNK )NP (PP on (NP *UNK *UNK )NP )PP )NP )VP , and (VP (ADVP possibly )ADVP use (NP (NP Meredith 's )NP (NP Better *UNKC and Gardens ' )NP residential real-estate agents )NP (S (VP to (VP distribute (NP *UNK- books )NP (PP to (NP new homeowners )NP )PP )VP )VP )S )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (ADVP (NP Five years )NP ago )ADVP , (NP magazine publishers )NP (VP would (VP (ADVP simply )ADVP bid (PP on (NP (NP (NP an *UNK 's )NP big ad schedule )NP (PP for (NP their magazine )NP )PP )NP )PP )VP )VP )S , '' (VP said )VP (NP Mr. Murphy )NP . )SINV  STOP
(S `` But (NP the marketplace )NP (VP changed )VP . )S  STOP
(S (NP *UNKC )NP (ADVP now )ADVP (VP say ` (S (VP *UNKC (S (NP us )NP (VP (VP improve (NP our image )NP )VP and (VP extend (NP our selling season )NP )VP )VP )S )VP )S )VP . ' )S  STOP
(S (NP They )NP (VP are (VP coming (PP to (NP publishers )NP )PP (S (VP looking (PP for (NP ideas )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP (NP Your Sept. 21 article )NP `` (S (NP (NP It )NP )NP (VP 's (ADJP So Easy )ADJP (S (VP to (VP *UNKC (VP *UNKED (SBAR (WHADVP When )WHADVP (S (VP Buying (NP a Small *UNKC )NP )VP )S )SBAR )VP )VP )VP )S )VP )S '' )NP (VP was (ADJP excellent )ADJP )VP . )S  STOP
(S (NP I )NP (VP (VP 've (VP been (VP advising (NP small businesses )NP (NP many years )NP )VP )VP )VP and (VP have (VP lived (PP with (NP the fact (SBAR that (S (S (NP 50 % )NP (VP will (VP go (PP out (PP of (NP business )NP )PP )PP (PP within (NP two years )NP )PP )VP )VP )S , and (S (NP 80 % )NP (PP in (NP five years )NP )PP )S )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP The economic loss )NP , (NP (NP jobs )NP (VP lost )VP )NP , (NP *UNK )NP , (NP *UNK )NP and (NP *UNK )NP )NP (VP are (PP beyond (NP measure )NP )PP )VP . )S  STOP
(S And (NP (NP most )NP (PP of (NP these )NP )PP )NP (VP are (ADJP absolutely unnecessary )ADJP )VP . )S  STOP
(S (S (NP Your article )NP (VP points (PRT out )PRT (NP (NP the *UNK )NP (SBAR (S (NP people )NP (VP fall (PP into )PP )VP )S )SBAR )NP )VP )S , but (S (SBAR (WHADVP when )WHADVP (S (VP reviewing (NP those *UNK )NP )VP )S )SBAR (NP one )NP (VP sees (SBAR (S (NP (NP (QP just about all )QP )NP (PP of (NP them )NP )PP )NP (VP could (VP have (VP been (VP avoided )VP )VP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP An *UNK )NP (VP did not (VP review (NP (NP the seller 's )NP books )NP (PP before (S (VP buying (NP a business )NP )VP )S )PP )VP )VP . )S  STOP
(S `` (S (NP I )NP (VP guess (SBAR (S (NP I )NP (VP was (ADJP *UNK )ADJP )VP )S )SBAR )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP There )NP (VP is (NP (NP a (ADJP more *UNK )ADJP word )NP (SBAR (S (VP to (VP describe (NP (NP his *UNK )NP (PP of (NP common sense )NP )PP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Corporate managers )NP (SBAR (WHNP who )WHNP (S (VP want (S (VP to (VP start (NP their own business )NP )VP )VP )S )VP )S )SBAR )NP (VP are (NP the highest failure risks )NP )VP . )S  STOP
(S (NP They )NP (VP (VP know (NP all the answers )NP )VP and (VP are not (ADJP used (PP to (S (VP working (NP (NP (QP more than 40 )QP hours )NP (NP a week )NP )NP )VP )S )PP )ADJP )VP )VP . )S  STOP
(S (NP (NP The *UNK- worker )NP (SBAR (WHNP who )WHNP (S (VP decides (S (VP to (VP start (NP a business )NP )VP )VP )S )VP )S )SBAR )NP (VP will (VP (VP listen )VP and (VP take (NP advice )NP )VP )VP )VP . )S  STOP
(S (NP His *UNK )NP (VP gives (NP him )NP (NP (NP a (ADJP much better )ADJP chance )NP (PP of (NP success )NP )PP )NP )VP . )S  STOP
(S (ADVP (NP A few months )NP ago )ADVP (NP your paper )NP (VP reported (NP (NP the results )NP (PP of (NP a study (S (VP to (VP determine (SBAR (WHADVP why )WHADVP (S (NP (NP *UNKC )NP (SBAR (WHNP who )WHNP (S (VP arrive (PP in (NP this country )NP )PP (UCP (PP without (NP any money )NP )PP , and (ADJP unable (S (VP to (VP speak (NP English )NP )VP )VP )S )ADJP , )UCP )VP )S )SBAR )NP (VP become (NP overnight *UNK )NP )VP )S )SBAR )VP )VP )S )NP )PP )NP )VP . )S  STOP
(S (NP Their `` secret '' )NP (VP is (SBAR that (S (S (NP they )NP (VP (VP *UNK (NP (NP a small group )NP (PP of (NP advisers )NP )PP )NP (PP around (NP them )NP )PP )VP , (VP listen (PP to (SBAR (WHNP what )WHNP (S (NP they )NP (VP have (S (VP to (VP say )VP )VP )S )VP )S )SBAR )PP )VP , (VP prepare (NP a business plan )NP )VP )VP )S and (S (NP they )NP (VP are (PP on (NP their way )NP )PP )VP )S )S )SBAR )VP . )S  STOP
(S (NP *UNKC American business owners )NP (VP do (NP the same thing )NP )VP . )S  STOP
(S (ADVP Unfortunately )ADVP , (NP they )NP (VP are (PP in (NP the minority )NP )PP )VP . )S  STOP
(S (S (VP *UNKING (NP failure )NP )VP )S (VP is (ADJP easy )ADJP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP 's (ADJP unfortunate )ADJP (SBAR (S (NP so many )NP (VP must (VP learn (NP the hard way )NP )VP )VP )S )SBAR )VP . )S  STOP
(NP (NP Daniel B. *UNKLY )NP (NP (NP Tucson )NP , (NP *UNKC )NP )NP . )NP  STOP
(S (NP (NP The management turnover )NP (PP at (NP Reebok International Ltd. )NP )PP )NP (VP continued (PP with (NP (NP the resignation )NP (PP of (NP (NP company president C. Joseph *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP joined (NP Reebok )NP (ADVP (NP (QP just two )QP years )NP ago )ADVP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Mr. *UNKC 's )NP departure )NP (VP follows (PP by (NP two months )NP )PP (NP (NP the resignation )NP (PP of (NP Mark *UNKC )NP )PP (PP as (NP (NP senior vice president )NP and (NP chief marketing officer )NP )NP )PP (PP after (NP (NP (QP only 11 )QP months )NP (PP at (NP Reebok )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP The resignations )NP (PP by (NP (NP the two executives )NP , (VP considered (S (ADJP *UNKING and *UNK )ADJP )S (PP by (NP Reebok insiders )NP )PP )VP , )NP )PP )NP (VP reflect (NP (NP a difference )NP (PP in (NP style )NP )PP (PP with (NP (NP Paul Fireman )NP , (NP (NP chairman )NP and (NP chief executive )NP )NP , )NP )PP )NP (PP according (PP to (NP several former executives )NP )PP )PP )VP . )S  STOP
(S (NP The two executives )NP (VP are (PP among (NP (NP a number )NP (PP of (NP (NP outsiders )NP (VP *UNKED (PP by (NP Reebok )NP )PP (PP in (NP the past few years )NP )PP (S (VP to (VP help (S (NP it )NP (VP make (NP (NP the transition )NP (PP (PP from (NP a small start-up company )NP )PP (PP to (NP (NP a marketing giant )NP (PP with (NP (NP sales )NP (NP last year )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP )PP )NP )PP )PP )NP )VP )S )VP )VP )S )VP )NP )PP )NP )PP )VP . )S  STOP
(S (NP The changes )NP (VP come (SBAR as (S (NP (NP Reebok )NP , (SBAR (WHNP which )WHNP (S (VP (VP grew (ADVP rapidly )ADVP (PP in (NP the mid-1980s )NP )PP )VP but (VP has (VP seen (S (NP its sales )NP (VP *UNK )VP )S (PP of (NP late )NP )PP )VP )VP )VP )S )SBAR , )NP (VP is (VP seeking (S (VP to (VP regain (NP (NP momentum )NP (PP in (NP the *UNK- business )NP )PP (PP against (NP (NP rivals )NP (NP (NP *UNKC Inc. )NP and (NP *UNKC *UNKC Inc )NP )NP )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNK )NP (PRN , (SINV (VP said )VP (NP (NP *UNKC Ruth )NP , (NP (NP an analyst )NP (PP at (NP (NP Montgomery Securities )NP (PP in (NP San Francisco )NP )PP )NP )PP )NP )NP )SINV , )PRN (VP should (VP enable (NP the company )NP (S (VP to (VP focus (PP on (NP business issues )NP (ADVP instead (PP of (NP management differences )NP )PP )ADVP )PP )VP )VP )S )VP )VP . )S  STOP
(S `` (NP I )NP (VP think (SBAR (S (NP it )NP (VP 's (ADVP more )ADVP (NP (NP an issue )NP (PP of (NP style )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP I )NP (VP would (VP view (NP it )NP (PP as (NP a net positive )NP )PP )VP )VP . )S  STOP
(S (NP The company )NP (VP can (VP go (PP about (NP its business )NP )PP )VP )VP . )S  STOP
(S (S (NP They )NP (VP 're (PP in (NP (NP the midst )NP (PP of (NP a turnaround )NP )PP )NP )PP )VP )S , '' (NP she )NP (VP noted )VP . )S  STOP
(S (NP Earnings )NP (VP have (VP rebounded (PP in (NP 1989 )NP )PP (PP after (NP (NP a (ADJP 20 % )ADJP decline )NP (NP last year )NP )NP )PP )VP )VP . )S  STOP
(S (NP A former executive )NP (VP agreed (SBAR that (S (NP the *UNK )NP (VP do n't (VP reflect (NP major problems )NP )VP )VP )S )SBAR , (S (VP adding : `` (S (SBAR If (S (NP you )NP (VP see (NP (NP any company )NP (SBAR (WHNP that )WHNP (S (VP grows (ADVP (ADVP as fast )ADVP (SBAR as (S (NP Reebok )NP (VP did )VP )S )SBAR )ADVP )VP )S )SBAR )NP )VP )S )SBAR , (NP it )NP (VP is (VP going (S (VP to (VP have (S (NP people )NP (VP coming and going )VP )S )VP )VP )S )VP )VP )S )VP )S )VP . '' )S  STOP
(S (NP Reebok )NP (VP said (SBAR (S (NP Mr. *UNKC )NP (VP will (VP resume (NP (NP the presidency )NP (PP of (NP (NP *UNKC Group Inc. )NP , (NP (NP a *UNKED venture capital firm )NP (SBAR (WHNP that )WHNP (S (NP he )NP (VP founded (PP in (NP 1983 )NP )PP )VP )S )SBAR )NP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Before (NP that )NP )PP (NP he )NP (VP was (NP (NP (NP president )NP and (NP chief operating officer )NP )NP (PP of (NP *UNKC *UNKC Film Corp )NP )PP )NP )VP . )S  STOP
(S (NP Reebok )NP (VP added (SBAR that (S (NP Mr. Fireman )NP (VP will (VP assume (NP (NP the title )NP (PP of (NP president )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP A spokesman )NP (VP said (SBAR that (S (NP neither (NP Mr. Fireman )NP nor (NP Mr. *UNKC )NP )NP (VP would (VP be (ADJP available (PP for (NP comment )NP )PP )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP We )NP (VP will not (VP be (VP *UNKING (PP beyond (NP the news release )NP )PP )VP )VP )VP )S , '' (NP the spokesman )NP (VP said )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP had (VP been (NP (NP president )NP (PP of (NP (NP *UNKC Inc. 's )NP *UNKC *UNKC division )NP )PP )NP (PP before (S (VP joining (NP Reebok )NP (PP in (NP September 1988 )NP )PP )VP )S )PP )VP )VP )S )SBAR , )NP (VP left (PP in (NP August )NP )PP (S (VP to (VP pursue (NP other interests )NP )VP )VP )S )VP . )S  STOP
(S (NP Magazine publishers )NP (VP are (VP facing (NP (NP *UNKING costs )NP and (NP (NP a *UNK )NP (PP of (NP new titles )NP )PP )NP )NP )VP )VP . )S  STOP
(S But (NP (NP even a *UNK )NP (PP of (NP recent failures )NP )PP )NP (VP is n't (VP *UNKING (NP them )NP (PP from (S (VP launching (NP new publications )NP )VP )S )PP )VP )VP . )S  STOP
(S (PP At (NP (NP the American Magazine Conference )NP (ADVP here )ADVP )NP )PP , (NP publishers )NP (VP are (VP (ADVP plenty )ADVP worried (PP about (NP (NP the industry 's )NP *UNK )NP )PP )VP )VP . )S  STOP
(S But (NP they )NP (VP are (ADVP also )ADVP (VP talking (PP about (NP new magazines )NP )PP )VP )VP . )S  STOP
(S (PP For (NP example )NP )PP , (NP Toronto-based *UNKC Inc. )NP (VP will (VP publish (NP (NP *UNKING Well )NP , (NP (NP a new food and health magazine )NP (ADJP due (ADVP out )ADVP (NP next summer )NP )ADJP )NP )NP )VP )VP . )S  STOP
(S (NP (ADJP New York-based )ADJP *UNKC Corp. )NP (NP this fall )NP (VP (VP plans (S (VP to (VP publish (NP (NP its first issue )NP (PP of (NP (NP 9 *UNKC )NP , (NP (NP a magazine )NP (PP for (NP *UNK *UNK )NP )PP )NP )NP )PP )NP )VP )VP )S )VP , and (VP has (ADVP already )ADVP (VP launched (NP American Home )NP )VP )VP )VP . )S  STOP
(S And (NP Time Warner Inc. )NP (VP is (VP developing (NP (NP (NP a spinoff )NP (PP of (NP Time magazine )NP )PP )NP (VP aimed (PP at (NP kids )NP )PP )VP )NP , (PP on (NP (NP the heels )NP (PP of (NP its successful (NAC Sports *UNKED (PP for (NP *UNKC )NP )PP )NAC )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP Over (NP the past four years )NP )PP , (NP (NP the number )NP (PP of (NP consumer magazines )NP )PP )NP (VP has (VP increased (PP by (NP (NP an average )NP (PP of (NP (NP 80 magazines )NP (ADVP annually )ADVP )NP )PP )NP )PP , (PP according (PP to (NP (NP Donald *UNKC )NP , (NP (NP president )NP (PP of (NP (NP the Magazine *UNKC )NP (PP of (NP America )NP )PP )NP )PP )NP )NP )PP )PP )VP )VP . )S  STOP
(SINV `` (S (NP This )NP (VP is (NP (NP an impressive show )NP (PP of (NP (NP *UNK )NP (PP in (NP (NP the future )NP (PP of (NP the magazine industry )NP )PP )NP )PP )NP )PP )NP )VP )S , '' (VP said )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S `` (NP *UNKC )NP (VP do n't (VP rush (S (VP to (VP get (PP into (NP a (ADJP *UNK or declining )ADJP industry )NP )PP )VP )VP )S )VP )VP . '' )S  STOP
(S And (PP despite (NP the recent tough advertising climate )NP )PP , (NP (NP industry figures )NP (VP released (PP at (NP (NP the meeting )NP (ADVP here )ADVP )NP )PP )VP )NP (VP indicate (SBAR (S (NP things )NP (VP may (VP be (VP turning (ADVP around )ADVP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP the first nine months )NP )PP , (NP (NP advertising pages )NP (PP in (NP (NP consumer magazines )NP (VP tracked (PP by (NP the *UNKC Information Bureau )NP )PP )VP )NP )PP )NP (VP increased (NP 4 % )NP (PP from (NP the same period )NP (NP last year )NP )PP , (PP to (NP *UNKN pages )NP )PP )VP . )S  STOP
(S (NP (NP Total magazine ad revenue )NP (PP for (NP the same period )NP )PP )NP (VP increased (NP 12 % )NP (PP to (NP (QP $ 4.6 billion )QP )NP )PP )VP . )S  STOP
(S (SBAR Though (S (PP for (NP some magazines categories )NP )PP (NP a tough advertising climate )NP (VP *UNK )VP )S )SBAR , (NP the industry )NP (PP in (ADJP general )ADJP )PP (VP is (VP doing (ADVP well )ADVP (PP compared (PP with (NP the newspaper industry )NP )PP )PP )VP )VP . )S  STOP
(S (SBAR Though (S (NP some magazines )NP (VP are (VP *UNKING )VP )VP )S )SBAR , (NP the magazine publishing industry )NP (VP remains (NP a risky business )NP )VP . )S  STOP
(S (PP Within (NP the same nine months )NP )PP , (S (NP News Corp. )NP (VP closed (PRT down )PRT (NP (PP In (NP *UNKC )NP )PP , (NP a *UNKING (NP young woman 's )NP fashion magazine )NP )NP )VP )S , (S (NP *UNKC *UNKC Inc. )NP (VP has (VP *UNKED (NP the *UNKED *UNKC magazine )NP )VP )VP )S , and (S (NP Lang Communications )NP (VP has (VP announced (SBAR (S (NP Ms. magazine )NP , (PP after (NP 17 years )NP )PP , (VP will (ADVP no longer )ADVP (VP carry (NP advertising )NP (PP as (PP of (NP January )NP )PP )PP )VP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (NP Lang )NP (VP (VP is (VP cutting (NP costs )NP )VP )VP and (VP will (VP attempt (S (VP to (VP operate (NP the magazine )NP (PP with (NP only *UNK revenue )NP )PP )VP )VP )S )VP )VP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (S (NP (NP American Health Partners )NP , (NP (NP publisher )NP (PP of (NP American Health magazine )NP )PP )NP , )NP (VP is (ADJP deep (PP in (NP debt )NP )PP )ADJP )VP )S , and (S (NP (NP Owen *UNKC )NP , (NP (NP founder )NP and (NP managing partner )NP )NP , )NP (VP is (VP being (VP forced (S (VP to (VP sell (NP the magazine )NP (PP to (NP (NP *UNKC 's )NP *UNKC Association Inc )NP )PP )VP )VP )S )VP )VP )VP )S . )S  STOP
(S (NP (NP (NP Mr. *UNKC 's )NP absence )NP (PP from (NP (NP the meeting )NP (ADVP here )ADVP )NP )PP )NP (VP raised (NP speculation (SBAR that (S (NP the sale )NP (VP is (PP in (NP trouble )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (PP in (NP (NP a telephone interview )NP (PP from (NP New York )NP )PP )NP )PP (SBAR that (S (NP the sale )NP (VP was (VP proceeding (SBAR as (S (VP planned )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S `` (NP The magazine )NP (VP is (ADJP strong )ADJP )VP . )S  STOP
(S (S (NP It )NP (VP 's (ADVP simply )ADVP (NP (NP the right time )NP (SBAR (S (VP to (VP do (SBAR (WHNP what )WHNP (S (NP we )NP (VP are (VP doing )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )S , '' (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(SINV `` (S (NP *UNKC )NP (VP can (ADVP no longer )ADVP (VP be (VP considered (S (NP institutions )NP )S )VP )VP )VP )S , '' (VP said )VP (NP (NP James *UNKC )NP , (NP (NP president )NP (PP of (NP (NP Meredith Corp. 's )NP magazine group )NP )PP )NP )NP . )SINV  STOP
(S `` (S (NP *UNKC )NP (VP will (VP find (SBAR that (S (NP some magazines )NP (VP (VP have (VP served (NP their purpose )NP )VP )VP and (VP should (VP die )VP )VP )VP )S )SBAR )VP )VP )S , '' (NP he )NP (VP added )VP . )S  STOP
(S `` (NP *UNKC )NP (VP could , (PP like (NP other brands )NP )PP , (VP find (SBAR that (S (NP they )NP (VP have (NP only a limited life )NP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP There )NP (VP are (ADVP also )ADVP (NP indications (SBAR that (S (NP (NP the number )NP (PP of (NP (NP magazine entrepreneurs )NP , (VP (ADVP traditionally )ADVP *UNKED (PP upon )PP (S (VP to (VP break (NP new ground )NP (PP with (NP (ADJP potentially risky )ADJP *UNK- )NP )PP )VP )VP )S )VP , )NP )PP )NP (VP are (VP *UNKING )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP More than ever )ADVP , (NP (NP independent magazines )NP and (NP small publishing groups )NP )NP (VP are (VP being (VP *UNKED (PRT up )PRT (PP by (NP (NP larger publishing groups )NP , (PP such as (NP (NP (NP American Express *UNKING Corp. )NP , (NP (NP a unit )NP (PP of (NP American Express Co. )NP )PP )NP )NP , and (NP (NP *UNKC *UNKC Publications Inc. )NP , (NP (NP a unit )NP (PP of (NP *UNKC Publications Inc. )NP )PP )NP )NP )NP )PP , (SBAR (WHNP which )WHNP (S (VP are (VP consolidating (SBAR in order (S (VP to (VP gain (NP (NP leverage )NP (PP with (NP advertisers )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S (NP Some entrepreneurs )NP (VP are (ADVP still )ADVP (ADJP active )ADJP , (ADVP though )ADVP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP president )NP (PP of (NP (ADJP New York-based )ADJP Network *UNKING Corp. )NP )PP )NP , )NP (VP (ADVP earlier (NP this year )NP )ADVP sold (NP his *UNKC *UNKC *UNKC magazine )NP (PP to (NP (NP *UNKC *UNKC 's )NP News Corp )NP )PP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR that (S (PP in (NP the next six months )NP )PP (NP he )NP (VP will (VP take (NP (QP $ 50 million )QP )NP (PP from (NP the *UNKC *UNKC *UNKC sale )NP )PP (S (VP to (VP acquire (NP new magazines )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP would not (VP reveal (SBAR (WHNP which magazines )WHNP (S (NP he )NP (VP is (VP considering )VP )VP )S )SBAR )VP )VP . )S  STOP
(SINV `` (S (NP (NP The magazines )NP (SBAR (S (NP I )NP (VP am (VP looking (PP for )PP )VP )VP )S )SBAR )NP (VP are (ADJP *UNKED )ADJP )VP )S , '' (VP said )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S `` (S (NP They )NP (VP could (VP be (ADJP old or new )ADJP )VP )VP )S , but (S (NP they )NP (VP are (NP (NP magazines )NP (SBAR (WHNP whose editorial quality )WHNP (S (VP needs (S (VP to (VP be (VP improved )VP )VP )VP )S )VP )S )SBAR )NP )VP )S . )S  STOP
(S (NP They )NP (VP will (VP be (NP the next hot magazines )NP )VP )VP . )S  STOP
(S (NP MCA Inc. )NP (VP said (SBAR (S (NP its *UNKING unit )NP (VP agreed (S (VP to (VP buy (NP (NP *UNKC *UNK Corp. )NP , (NP (NP producer )NP (PP of (NP (NP a line )NP (PP of (NP (NP toy vehicles )NP and (NP *UNK products )NP )NP )PP )NP )PP )NP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP The price )NP (VP was n't (VP disclosed )VP )VP )S , but (S (NP (NP an executive )NP (PP of (NP (NP *UNKC *UNKC Ltd. )NP , (NP the MCA unit )NP , )NP )PP )NP (VP said (SBAR (S (NP the (ADJP closely held )ADJP *UNKC *UNK )NP (VP had (NP (NP annual sales )NP (PP in (NP (NP excess )NP (PP of (NP (QP $ 20 million )QP )NP )PP )NP )PP )NP )VP )S )SBAR )VP )S . )S  STOP
(S (S (NP (NP The *UNK- *UNKC *UNK concern )NP , (VP based (PP in (NP New York )NP )PP )VP , )NP (VP designs and develops (NP *UNK )NP (PP under (NP (NP the names )NP (NP `` (NP *UNKC *UNK )NP '' and `` (NP My First *UNKC )NP )NP )NP )PP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP MCA )NP (VP said (SBAR (S (NP it )NP (VP expects (S (NP the proposed transaction )NP (VP to (VP be (VP completed `` (ADVP no later (PP than (NP Nov. 10 )NP )PP )ADVP )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S -LRB- (PP During (NP its centennial year )NP )PP , (NP The Wall Street Journal )NP (VP will (VP report (NP (NP events )NP (PP of (NP the past century )NP )PP (SBAR (WHNP that )WHNP (S (VP stand (PP as (NP (NP milestones )NP (PP of (NP American business history )NP )PP )NP )PP )VP )S )SBAR )NP )VP )VP . -RRB- )S  STOP
(S (NP *UNKC NATIONAL *UNKC )NP (VP (VP *UNKC (PP at (NP (NP (NP 3 p.m. )NP (NP EDT )NP )NP , (NP Oct. 8 , 1974 )NP , )NP )PP )VP and (VP was (VP (ADVP promptly )ADVP *UNKED (PP under (NP new owners )NP )PP (S (VP to (VP shore (PRT up )PRT (NP (NP confidence )NP (PP in (NP other banks )NP )PP (PP during (NP a recession )NP )PP )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP (NP Arthur *UNKC )NP , (NP Federal Reserve Board chairman )NP , )NP (VP said (SBAR (S (NP (NP (NP the government 's )NP `` *UNK '' )NP (PP in (S (VP keeping (S (NP the bank )NP (ADJP open )ADJP )S -- (PP despite (S (VP being (NP the *UNK- U.S. bank failure )NP )VP )S )PP -- )VP )S )PP )NP (VP prevented `` (NP shock waves )NP (PP (PP around (NP the country )NP )PP and (PP around (NP the world )NP )PP )PP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP Federal officials )NP (SBAR (WHNP who )WHNP (S (VP had (VP been (VP *UNKING (NP the bank )NP (PP for (NP months )NP )PP )VP )VP )VP )S )SBAR )NP (VP arranged (NP (NP a merger )NP (PP with (NP (NP *UNKC Bank & Trust )NP , (VP owned (PP by (NP six foreign banks )NP )PP )VP , )NP )PP (SBAR (S (VP to (VP *UNK (NP the *UNK )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S And (NP federal insurance )NP (VP protected (NP (NP the bank 's )NP *UNKN *UNK )NP )VP . )S  STOP
(S (NP The crisis )NP (VP had (VP *UNKED (PP on (NP (NP May 10 , 1974 )NP , (SBAR (WHADVP when )WHADVP (S (NP the bank )NP (VP disclosed (NP (NP `` severe '' foreign-exchange losses )NP (ADJP due (PP to (NP `` unauthorized '' trading )NP )PP )ADJP )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (S (NP *UNKC withdrawals )NP (VP followed )VP )S and (S (NP there )NP (VP was (NP (NP a brief rescue attempt )NP , (PP with (NP political *UNK )NP )PP , (PP including (NP (NP (QP $ *UNKN billion )QP )NP (PP in (NP Federal Reserve loans )NP )PP )NP )PP )NP )VP )S . )S  STOP
(S (PP Within (NP six years )NP )PP (NP many figures )NP (VP were (VP convicted (PP for (NP (NP their illegal abuse )NP (PP of (NP Franklin funds )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP June 1980 )NP )PP , (NP (NP *UNKC *UNKC )NP -- (NP (NP an Italian financier )NP (SBAR (WHNP who )WHNP (S (PP in (NP July 1972 )NP )PP (VP had (VP bought (NP (NP a (ADJP 22 )ADJP % block )NP (PP of (NP (NP Franklin 's )NP stock )NP )PP )NP (PP from (NP (NP *UNKC Corp. )NP , (VP headed (PP by (NP *UNKC A. Tisch )NP )PP )VP )NP )PP )VP )VP )S )SBAR )NP -- )NP (VP was (VP sentenced (PP to (NP (NP 25 years )NP (PP in (NP prison )NP )PP )NP )PP (PP after (S (VP being (VP convicted (PP of (NP fraud and *UNK )NP )PP )VP )VP )S )PP )VP )VP . )S  STOP
(SINV (VP *UNKED )VP (VP was )VP (NP the charge (SBAR that (S (NP *UNKC )NP (VP *UNKED (NP (NP (QP $ 45 million )QP )NP (PP of (NP Franklin funds )NP )PP )NP (PP for (NP his other ventures )NP )PP )VP )S )SBAR )NP . )SINV  STOP
(S -LRB- (NP *UNKC )NP (PP in (NP 1979 )NP )PP (VP *UNKED (NP (NP his `` *UNKING '' )NP (PP for (NP 2 1\/2 months )NP )PP )NP (S (VP to (VP delay (NP his trial )NP )VP )VP )S )VP . -RRB- )S  STOP
(S (PP During (NP (NP 1976 )NP (PP to (NP 1979 )NP )PP )NP )PP , (NP other former Franklin officials )NP (VP either (VP (VP pleaded (ADJP guilty (PP to )PP )ADJP )VP or (VP were (VP found (S (ADJP guilty (PP of )PP )ADJP )S )VP )VP (NP (NP violations )NP (PP including (NP (NP *UNK transactions )NP (SBAR (S (VP to (VP hide (NP (NP the bank 's )NP losses )NP )VP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP (NP the *UNK *UNKC financial adviser )NP (PP with (NP (NP reported links )NP (PP to (NP the *UNKC )NP )PP )NP )PP )NP , )NP (VP died (PP on (NP March 22 , 1986 )NP )PP , (PP at (NP age 65 )NP )PP , (PP (ADVP reportedly )ADVP after (S (VP drinking (NP *UNKED coffee )NP (PP in (NP an Italian prison )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP It )NP (VP happened (SBAR (NP four days )NP after (S (NP he )NP (VP was (VP sentenced (PP to (NP (NP life )NP (PP in (NP prison )NP )PP )NP )PP (PP for (S (VP ordering (NP a 1979 murder )NP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Italian *UNK )NP (VP labeled (S (NP his death )NP (NP a *UNK )NP )S )VP . )S  STOP
(S (PP In (NP (NP a *UNK office building )NP (ADVP south (PP of (NP Los Angeles )NP )PP )ADVP )NP )PP , (NP human behavior )NP (VP is (VP being (VP (VP monitored )VP , (VP *UNKED )VP and , (VP (ADVP ultimately )ADVP , *UNKED )VP )VP )VP )VP . )S  STOP
(S (NP A *UNKLY line )NP (VP *UNK (PP across (NP a video screen )NP )PP , (S (VP *UNKING (ADVP *UNKLY )ADVP (SBAR as (S (NP (NP subjects )NP (PP with (NP *UNK- computers )NP )PP )NP (VP *UNK (NP (NP their *UNK- reactions )NP (PP to (NP (NP a speaker 's )NP remarks )NP )PP )NP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP (NP *UNKC , *UNK , *UNK and *UNK )NP (NP all )NP )NP (VP can (VP be (VP *UNKED (PP from (NP (NP (NP the subjects ' )NP *UNK )NP (PP of (NP a *UNK )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (PP In (NP another experiment )NP )PP , (NP (NP an elaborate chart )NP (PP with (NP color *UNK )NP )PP )NP (VP *UNK (SBAR (SBAR (WHADVP how )WHADVP (S (NP (NP people 's )NP opinions )NP (VP were (VP *UNKED )VP )VP )S )SBAR -- and (SBAR (WHADVP how )WHADVP (S (NP they )NP (VP can (VP be (VP *UNKED )VP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP (NP Donald *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP oversees (NP the experiments )NP )VP )S )SBAR , )NP (VP is n't (NP some *UNKED researcher )NP )VP . )S  STOP
(S (NP He )NP (VP heads (NP (NP Litigation Sciences Inc. )NP , (NP (NP the nation 's )NP largest legal consulting firm )NP , (SBAR (WHNP which )WHNP (S (VP is (VP helping (S (NP corporate America )NP (VP prepare (PP for (NP *UNK- litigation )NP )PP )VP )S (PP by (S (VP predicting and *UNKING (NP (NP jurors ' )NP reactions )NP )VP )S )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (NP the process )NP )PP , (NP Litigation Sciences )NP (VP is (VP (ADVP quietly but *UNKLY )ADVP *UNKING (NP (NP the world )NP (PP of (NP law )NP )PP )NP )VP )VP . )S  STOP
(S (S (UCP (ADJP Little known (PP outside (NP the legal world )NP )PP )ADJP but (NP (NP a *UNK )NP (ADVP within )ADVP )NP )UCP )S , (NP (NP Litigation Sciences )NP , (NP (NP a unit )NP (PP of (NP Saatchi & Saatchi PLC )NP )PP )NP , )NP (VP employs (NP (QP more than 100 )QP (NX (NX *UNK )NX , (NX *UNK )NX , (NX marketers )NX , (NX *UNK *UNK )NX and (NX technicians )NX )NX )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP its workers )NP )PP )NP (VP are (NP *UNKC *UNKC )NP )VP . )S  STOP
(S (PP Among (NP other services )NP )PP , (NP the firm )NP (VP (VP provides (NP *UNK- opinion polls )NP )VP , (VP creates (NP (NP *UNK )NP (PP of (NP `` ideal '' jurors )NP )PP )NP )VP , (VP sets (PRT up )PRT (NP (NP *UNK trials )NP and (NP `` shadow '' *UNK )NP )NP )VP , (VP coaches (NP lawyers and witnesses )NP )VP , and (VP designs (NP courtroom graphics )NP )VP )VP . )S  STOP
(S (PP (ADVP Much )ADVP like (NP (NP their *UNK )NP (PP in (NP (NP political consulting )NP and (NP product marketing )NP )NP )PP )NP )PP , (NP the litigation advisers )NP (VP encourage (S (NP their clients )NP (VP to (VP (VP play (PRT down )PRT (NP complex or *UNK matters )NP )VP , (VP *UNK (NP their messages )NP )VP and (VP provide (NP their target audiences )NP (PP with (NP (NP a psychological *UNKING )NP (SBAR (S (VP to (VP make (NP the *UNKED choice )NP )VP )VP )S )SBAR )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (PP With (S (NP jury *UNK )NP (VP getting (ADJP bigger )ADJP (NP all the time )NP )VP )S )PP , (NP companies )NP (VP are (ADJP increasingly willing (S (VP to (VP pay (NP huge *UNK )NP (PP for (NP such advice )NP )PP )VP )VP )S )ADJP )VP . )S  STOP
(S (ADVP Recently )ADVP , (NP Litigation Sciences )NP (VP helped (S (NP Pennzoil Co. )NP (VP win (NP (NP a (ADJP (QP $ 10.5 billion )QP )ADJP jury verdict )NP (PP against (NP Texaco Inc )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP It )NP (VP advised (NP the National Football League )NP (PP in (NP (NP its (ADJP largely successful )ADJP defense )NP (PP of (NP (NP antitrust charges )NP (PP by (NP the United States Football League )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S And (NP it )NP (VP helped (VP win (NP defense *UNK )NP (PP in (NP (NP *UNK- suits )NP (PP involving (NP (NP scores )NP (PP of (NP products )NP )PP , (VP ranging (PP from (NP *UNKC 500 tires )NP )PP (PP to (NP (NP the *UNK- drug )NP (NP *UNKC )NP )NP )PP )VP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP (ADVP *UNKLY )ADVP as (NP a result )NP )PP , (NP Litigation Sciences )NP (VP has (VP (ADVP more than )ADVP doubled (PP in (NP size )NP )PP (PP in (NP the past two years )NP )PP )VP )VP . )S  STOP
(S (NP Its 1988 revenue )NP (VP was (NP (QP $ 25 million )QP )NP )VP . )S  STOP
(S (S (ADVP Meanwhile )ADVP , (NP competitors )NP (VP are (VP being (VP *UNKED (ADVP almost daily )ADVP )VP )VP )VP )S ; (S (NP (NP (QP some 300 )QP new businesses )NP -- (NP (NP many )NP (NP just *UNK- shops )NP )NP -- )NP (VP have (VP *UNK (PRT up )PRT )VP )VP )S . )S  STOP
(S (NP Mr. *UNKC )NP (VP estimates (SBAR (S (NP (NP the industry 's )NP total revenues )NP (VP approach (NP (QP $ 200 million )QP )NP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP any *UNK- case )NP )PP , (NP you )NP (VP can (VP be (ADJP sure (SBAR that (S (NP (NP one side )NP or (NP the other )NP -- or (ADVP even )ADVP (NP both )NP -- )NP (VP is (VP using (NP litigation consultants )NP )VP )VP )S )SBAR )ADJP )VP )VP . )S  STOP
(S (PP Despite (NP their *UNK )NP )PP , (NP the consultants )NP (VP are n't (ADJP entirely welcome )ADJP )VP . )S  STOP
(S (NP Some lawyers and scholars )NP (VP see (NP (NP (NP the social scientists ' )NP vision )NP (PP of (NP the American jury system )NP )PP )NP (PP as (NP (NP a far *UNK )NP (PP from (NP (NP the ideal )NP (VP (VP presented (PP in (NP *UNK *UNK )NP )PP )VP and (VP *UNKED (PP on (NP the movie screen )NP )PP )VP )VP )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP (NP the film classic )NP `` (NP *UNKC *UNKC *UNKC )NP )NP )PP , '' (NP (NP the *UNK )NP (PP of (NP *UNK )NP )PP )NP (VP (VP *UNK (NP (NP each *UNK 's )NP bias )NP )VP and (VP *UNK (NP it )NP (PP from (S (VP playing (NP a role )NP (PP in (NP the verdict )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S (PP After (NP (NP hours )NP (PP of (NP conflict and debate )NP )PP )NP )PP , (NP that jury )NP (VP *UNK (PP on (NP the facts )NP )PP (PP with (NP *UNK- *UNK )NP )PP )VP . )S  STOP
(S (S (PP In (NP real life )NP )PP , (NP jurors )NP (VP may not (ADVP always )ADVP (VP work (NP that way )NP )VP )VP )S , but (S (NP some court observers )NP (VP question (SBAR (WHADVP why )WHADVP (S (NP they )NP (VP should n't (VP (VP be (VP encouraged (S (VP to (VP do (ADVP so )ADVP )VP )VP )S )VP )VP (CONJP rather than )CONJP (VP be (VP *UNKED (S not (VP to )VP )S )VP )VP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP Litigation consulting )NP (VP is , (SBAR as (S (NP New York trial attorney Donald *UNKC )NP (VP puts (NP it )NP )VP )S )SBAR , `` (ADJP highly *UNK )ADJP )VP . '' )S  STOP
(S (NP He )NP (VP adds , `` (S (NP (NP The notion )NP (SBAR (S (NP they )NP (VP try (S (VP to (VP sell )VP )VP )S )VP )S )SBAR )NP (VP is (SBAR that (S (NP *UNK )NP (VP do n't (VP make (NP decisions )NP (ADVP *UNKLY )ADVP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S But (NP the effort )NP (VP is (ADVP also )ADVP (VP being (VP made (S (VP to (VP try )VP and (VP cause (S (NP jurors )NP not (VP to (VP decide (NP things )NP (ADVP *UNKLY )ADVP )VP )VP )S )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP I )NP (VP find (S (NP it )NP (ADJP troubling )ADJP )S )VP . '' )S  STOP
(S But (NP Mr. *UNKC )NP (ADVP also )ADVP (VP acknowledges (SBAR that (S (NP consultants )NP (VP can (VP be (ADJP very effective )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP It )NP (VP 's (VP gotten (PP to (NP (NP the point )NP (SBAR (WHADVP where )WHADVP (S (SBAR if (S (NP the case )NP (VP is (ADJP large enough )ADJP )VP )S )SBAR , (NP (NP it )NP )NP (VP 's (ADVP almost )ADVP (NP *UNK )NP (S not (VP to (VP use (NP them )NP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP Others )NP (VP complain (SBAR that (S (NP (NP the consultants ' )NP growing influence )NP (VP *UNK (NP (NP the advantage )NP (PP of (NP (NP *UNK )NP (ADJP wealthy enough (S (VP to (VP afford (NP such *UNK services )NP )VP )VP )S )ADJP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (S (NP (NP The affluent people )NP and (NP the corporations )NP )NP (VP can (VP buy (NP it )NP )VP )VP )S , (S (NP (NP the poor *UNK )NP -LCB- (PP in (NP political cases )NP )PP -RCB- )NP (VP get (NP it )NP (ADVP free )ADVP )VP )S , and (S (NP (NP everybody )NP (PP in (PP between )PP )PP )NP (VP is (PP at (NP a *UNK )NP )PP )VP )S , and (S (NP that )NP (VP 's not (NP (NP (NP the kind )NP (PP of (NP system )NP )PP )NP (SBAR (S (NP we )NP (VP want )VP )S )SBAR )NP )VP )S )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a prominent *UNK )NP (SBAR (WHNP who )WHNP (S (VP *UNK (PP at (NP George Washington University )NP )PP )VP )S )SBAR )NP )NP . )SINV  STOP
(S (NP *UNKED trial consulting )NP (VP grew , (ADVP *UNKLY )ADVP , (PP from (NP (NP the radical political movements )NP (PP of (NP the 1960s and 1970s )NP )PP )NP )PP (PP before (S (VP finding (NP its (ADJP more lucrative )ADJP calling )NP (PP in (NP big commercial cases )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP (NP The *UNKC 7 trial )NP (PP in (NP 1972 )NP )PP , (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP (NP Daniel *UNKC )NP and (NP others )NP )NP (VP were (VP charged (PP with (S (VP *UNKING (NP *UNKED violence )NP )VP )S )PP )VP )VP )S )SBAR , )NP (VP was (NP a *UNK )NP )VP . )S  STOP
(S (PP In (NP that case )NP )PP , (NP (NP a group )NP (PP of (NP *UNKING *UNK )NP )PP )NP (VP interviewed (NP (NP *UNKN registered voters )NP (PP around (NP *UNKC )NP )PP )NP )VP . )S  STOP
(S (S (NP The researchers )NP (VP discovered (SBAR that (S (NP (NP *UNKC )NP , (NP *UNKC )NP , (NP *UNKC )NP and (NP *UNK *UNKC )NP )NP (VP were (ADVP nearly always )ADVP (PP against (NP the defendants )NP )PP )VP )S )SBAR )VP )S ; (S (NP the lawyers )NP (VP resolved (S (VP to (VP try (S (VP to (VP keep (S (NP them )NP (PP off (NP the jury )NP )PP )S )VP )VP )S )VP )VP )S )VP )S . )S  STOP
(S (NP The defense )NP (VP (ADVP also )ADVP learned (SBAR that (S (NP *UNKED people )NP (VP were (ADJP *UNKLY conservative (PP about (NP the Vietnam War )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP A (ADJP more *UNK- )ADJP panel )NP (VP became (NP a second aim )NP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (S (NP that (ADJP carefully picked )ADJP jury )NP (VP *UNKED (PP with (NP (NP a *UNKN vote )NP (SBAR (S (VP to (VP *UNK )VP )VP )S )SBAR )NP )PP )VP )S , and (S (NP the prosecution )NP (VP decided (S not (VP to (VP *UNK (NP the case )NP )VP )VP )S )VP )S . )S  STOP
(S (NP Litigation consulting )NP (VP had (VP arrived )VP )VP . )S  STOP
(S (NP The *UNKING science )NP (VP went (ADJP corporate )ADJP (PP in (NP (NP 1977 )NP (SBAR (WHADVP when )WHADVP (S (NP International Business Machines Corp. )NP (VP hired (NP (NP a marketing professor )NP (SBAR (S (VP to (VP help (S (VP defend (NP a complex antitrust case )NP )VP )S )VP )VP )S )SBAR )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP The problem )NP (PP for (NP IBM trial lawyers Thomas *UNKC and David *UNKC )NP )PP )NP (VP was (SBAR (WHADVP how )WHADVP (S (VP to (VP make (S (NP such a (ADJP highly technical )ADJP case )NP (ADJP *UNK )ADJP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR As (S (NP the trial )NP (VP *UNKED )VP )S )SBAR , (NP they )NP (VP were (ADJP eager (S (VP to (VP know (SBAR if (S (NP the jury )NP (VP was (VP keeping (PRT up )PRT (PP with (NP them )NP )PP )VP )VP )S )SBAR )VP )VP )S )ADJP )VP . )S  STOP
(S (NP (NP The solution )NP (VP *UNKED (PP by (NP the professor )NP )PP )VP )NP (VP was (S (VP to (VP hire (NP (NP six people )NP (SBAR (WHNP who )WHNP (S (VP would (VP (VP *UNK (NP the actual jury )NP (ADVP *UNKLY )ADVP )VP , (VP sit (PRT in )PRT (PP on (NP the trial )NP )PP )VP and (VP report (NP their reactions )NP (PP to (NP him )NP )PP )VP )VP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (NP He )NP (ADVP then )ADVP (VP *UNKED (NP (NP Messrs. *UNKC and *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP had (NP the chance (S (VP to (VP *UNK (NP (NP their next day 's )NP *UNK )NP (ADVP *UNKLY )ADVP )VP )VP )S )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP Thus )ADVP , (NP the `` shadow '' jury )NP (VP was (VP born )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (NP the professor )NP , )NP (VP (VP got (NP the law *UNK )NP )VP and (VP formed (NP Litigation Sciences )NP )VP )VP . )S  STOP
(S -LRB- (NP IBM )NP (VP won (NP the case )NP )VP . -RRB- )S  STOP
(SINV `` (S (NP (NP The hardest thing )NP (PP in (NP any complex case )NP )PP )NP (VP is (S (VP to (VP retain (NP (NP *UNK )NP and (PRN , (PP in (NP some sense )NP )PP , )PRN (NP your *UNK )NP )NP )VP )VP )S )VP )S , '' (VP says )VP (NP (NP Mr. *UNKC )NP (PP of (NP *UNKC , *UNKC & Moore )NP )PP )NP . )SINV  STOP
(S `` (SBAR (WHNP What )WHNP (S (NP you )NP (VP look (PP for )PP (PP in (NP a shadow jury )NP )PP )VP )S )SBAR (VP is (ADVP very much )ADVP (SBAR (WHNP what )WHNP (S (NP you )NP (VP do (SBAR (WHADVP when )WHADVP (S (NP you )NP (VP (VP give (NP an opening argument )NP (PP to (NP (NP your wife )NP or (NP a friend )NP )NP )PP )VP and (VP get (NP (NP some response )NP (PP to (NP it )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP A shadow jury )NP (VP is (NP (NP a way )NP (SBAR (S (VP to (VP do (NP that )NP (PP in (NP a (ADJP more *UNK and organized )ADJP way )NP )PP )VP )VP )S )SBAR )NP )VP . '' )S  STOP
(S (NP The approach )NP (VP worked (ADVP well )ADVP (PP in (NP (NP (NP the recent antitrust case )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP Energy Transportation Systems Inc. )NP (VP sued (NP Santa Fe Pacific Corp. )NP (PP over (NP (NP the transport )NP (PP of (NP *UNKED coal )NP )PP )NP )PP )VP )S )SBAR )NP -- (NP (NP (NP the kind )NP (PP of (NP case )NP )PP )NP (ADJP likely (S (VP to (VP make (S (NP (NP almost anyone 's )NP eyes )NP (VP *UNK (ADVP over )ADVP )VP )S )VP )VP )S )ADJP )NP )NP )PP )VP . )S  STOP
(S (NP Energy Transportation )NP (VP retained (NP (NP Litigation Sciences )NP (PRN , (PP at (NP (NP a cost )NP (PP of (NP (QP several hundred thousand )QP dollars )NP )PP )NP )PP , )PRN (SBAR (S (VP to (VP poll , *UNK- , profile and shadow )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP (ADVP Just )ADVP before (NP the actual closing arguments )NP )PP , (NP the firm )NP (VP put (NP the case )NP (PP to (NP (NP a vote )NP (PP of (NP (NP the five shadow jurors )NP , (SBAR (WHNP (NP each )NP (WHPP of (WHNP whom )WHNP )WHPP )WHNP (S (VP was (VP being (VP paid (NP (NP $ 150 )NP (NP a day )NP )NP )VP )VP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The jurors )NP , (SBAR (WHNP who )WHNP (S (VP did n't (VP know (SBAR (WHNP which side )WHNP (S (VP had (VP retained (NP them )NP )VP )VP )S )SBAR )VP )VP )S )SBAR , )NP (VP (VP decided (PP for (NP Energy Transportation )NP )PP )VP , and (VP awarded (NP (NP (QP $ 500 million )QP )NP (PP in (NP damages )NP )PP )NP )VP )VP . )S  STOP
(S (NP The real jury )NP (VP returned (ADVP (NP days )NP later )ADVP (PP with (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP victory )NP (PP for (NP Energy Transportation )NP )PP )NP )PP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's (PP (ADVP just )ADVP like (NP weather forecasting )NP )PP )VP )S , '' (VP says )VP (NP (NP Energy Transportation trial attorney Harry *UNKC )NP (PP of (NP *UNKC & *UNKC )NP )PP )NP . )SINV  STOP
(S `` (S (NP It )NP (VP 's (ADVP often )ADVP (ADJP wrong )ADJP )VP )S , but (S (NP it )NP (VP 's (ADJP better (PP than (S (VP consulting (NP an Indian rain *UNK )NP )VP )S )PP )ADJP )VP )S . '' )S  STOP
(S (NP *UNKING )NP (VP is (NP (NP only one part )NP (PP of (NP (NP Litigation Sciences ' )NP work )NP )PP )NP )VP . )S  STOP
(S (S (VP *UNKING (NP (NP the outcome )NP (PP of (NP the trial )NP )PP )NP )VP )S (VP is (SBAR (WHNP what )WHNP (S (VP (ADVP really )ADVP matters )VP )S )SBAR )VP . )S  STOP
(S And (PP to (NP the *UNKED )NP )PP , (NP (NP some )NP (PP of (NP (NP the firm 's )NP *UNK )NP )PP )NP (VP may (VP seem (ADJP *UNKLY *UNK )ADJP )VP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP jurors )NP (VP are (VP supposed (S (VP to (VP *UNK (NP (NP the evidence )NP (PP in (NP a case )NP )PP )NP (ADVP *UNKLY and *UNKLY )ADVP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP Instead )ADVP (PRN , (S (NP Mr. *UNKC )NP (VP says )VP )S , )PRN (NP (NP interviews )NP (PP with (NP (NP thousands )NP (PP of (NP jurors )NP )PP )NP )PP )NP (VP reveal (SBAR that (S (NP they )NP (VP (VP start (PP with (NP (ADJP firmly *UNKED )ADJP attitudes )NP )PP )VP and (VP try (S (VP to (VP *UNK- (NP (NP the facts )NP (PP of (NP the case )NP )PP (SBAR (S (VP to (VP fit (NP their views )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC *UNKING )NP (VP helps (S (NP the consultants )NP (VP develop (NP (NP a profile )NP (PP of (NP (NP the right type )NP (PP of (NP *UNK )NP )PP )NP )PP )NP )VP )S )VP . )S  STOP
(S (SBAR If (S (NP it )NP (VP is (NP (NP a case )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP the client )NP (VP seeks (NP punitive damages )NP )VP )S )SBAR )NP )VP )S )SBAR , (PP for (NP example )NP )PP , (NP depressed , *UNKED people )NP (VP are (ADJP (ADVP far more )ADVP likely (S (VP to (VP grant (NP them )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP with (NP (NP (NP a master 's )NP degree )NP (PP in (NP *UNK *UNK )NP )PP )NP )PP (SBAR (WHNP who )WHNP (S (VP works (PP in (NP a *UNK )NP )PP )VP )S )SBAR )NP (VP would (VP be (ADJP ideal )ADJP )VP )VP )S , (NP Litigation Sciences )NP (VP advises )VP . )S  STOP
(SINV (ADVP So )ADVP (VP would )VP (NP (NP someone )NP (ADJP recently *UNKED or *UNKED )ADJP )NP . )SINV  STOP
(S -LRB- (SBAR Since (S (NP Litigation Sciences )NP (VP (ADVP generally )ADVP represents (NP the defense )NP )VP )S )SBAR , (NP its job )NP (VP is (ADVP usually )ADVP (S (VP to (VP help (S (NP the lawyers )NP (VP (VP identify )VP and (VP remove )VP (NP such people )NP (PP from (NP the jury )NP )PP )VP )S )VP )VP )S )VP . -RRB- )S  STOP
(S (PP For (NP *UNK- cases )NP )PP , (NP Litigation Sciences )NP (VP seeks (NP (NP defense jurors )NP (SBAR (WHNP who )WHNP (S (VP believe (SBAR that (S (NP (NP most people )NP , (PP including (NP victims )NP )PP , )NP (VP get (SBAR (WHNP what )WHNP (S (NP they )NP (VP deserve )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Such people )NP (ADVP also )ADVP (VP (ADVP typically )ADVP hold (NP negative attitudes )NP (PP toward (NP (NP the *UNKLY *UNKED )NP , (NP the poor )NP , (NP blacks )NP and (NP women )NP )NP )PP )VP . )S  STOP
(S (NP The consultants )NP (VP help (S (NP the defense lawyers )NP (VP find (NP such jurors )NP )VP )S (PP by (S (VP asking (NP (NP questions )NP (PP about (NP (NP (NP potential jurors ' )NP attitudes )NP (PP (PP toward (NP *UNK work )NP )PP , or (PP toward (NP particular movies or books )NP )PP )PP )NP )PP )NP )VP )S )PP )VP . )S  STOP
(S (NP Litigation Sciences )NP (VP does n't (VP make (NP moral *UNK )NP )VP )VP . )S  STOP
(S (SBAR If (S (NP a client )NP (VP needs (NP *UNKED jurors )NP )VP )S )SBAR , (NP the firm )NP (VP will (VP help (S (VP find (NP them )NP )VP )S )VP )VP . )S  STOP
(S (SBAR As (S (NP Mr. Vinson )NP (VP explains (NP it )NP )VP )S )SBAR , `` (NP We )NP (VP do n't (VP control (NP the facts )NP )VP )VP . )S  STOP
(S (NP They )NP (VP are (SBAR (WHNP what )WHNP (S (NP they )NP (VP are )VP )S )SBAR )VP . )S  STOP
(S But (NP any lawyer )NP (VP will (VP select (NP (NP the facts )NP and (NP (NP the strategy )NP (SBAR (S (VP to (VP employ )VP )VP )S )SBAR )NP )NP )VP )VP . )S  STOP
(S (PP In (NP (NP our system )NP (PP of (NP *UNK )NP )PP )NP )PP , (NP the trial lawyer )NP (VP is (ADJP duty *UNK (S (VP to (VP present (NP (NP the best case )NP (SBAR (S (NP he )NP (ADVP possibly )ADVP (VP can )VP )S )SBAR )NP )VP )VP )S )ADJP )VP . '' )S  STOP
(S (SBAR Once (S (NP a jury )NP (VP is (VP selected )VP )VP )S )SBAR , (NP the consultants )NP (ADVP often )ADVP (VP continue (S (VP to (VP (VP determine (SBAR (WHNP what )WHNP (S (NP (NP the jurors ' )NP attitudes )NP (VP are (ADJP likely (S (VP to (VP be )VP )VP )S )ADJP )VP )S )SBAR )VP and (VP help (S (VP shape (NP (NP the lawyers ' )NP *UNK )NP (ADVP *UNKLY )ADVP )VP )S )VP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (VP plays (NP a minimal role )NP (NP here )NP )VP . )S  STOP
(SINV (ADJP More important )ADJP (VP are )VP (SBAR (WHNP what )WHNP (S (NP *UNKC )NP (VP calls (S (NP `` (NP psychological *UNK )NP '' -- (NP (NP a few *UNK points )NP (VP calculated (S (VP to (VP appeal (PP to (NP the jury )NP )PP (PP on (NP a *UNK level )NP )PP )VP )VP )S )VP )NP )NP )S )VP )S )SBAR . )SINV  STOP
(S (PP In (NP one *UNK- case )NP )PP , (S (NP a woman )NP (VP claimed (SBAR (S (NP she )NP (VP had (VP been (VP injured (SBAR (WHADVP when )WHADVP (S (NP she )NP (VP slipped (PP in (NP a pool )NP )PP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP )S , but (S (NP the fall )NP (VP did n't (VP explain (SBAR (WHADVP why )WHADVP (S (NP (NP one )NP (PP of (NP her arms )NP )PP )NP (VP was (VP *UNKED (S (ADJP *UNK )ADJP )S )VP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (PP By (S (VP (ADVP repeatedly )ADVP drawing (NP (NP the jury 's )NP attention )NP (PP to (NP the arm )NP )PP )VP )S )PP , (NP the defense lawyers )NP (VP *UNKED (NP (NP doubt )NP (PP about (NP (NP the *UNK )NP (PP of (NP (NP the woman 's )NP injuries )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The *UNK )NP (VP worked )VP . )S  STOP
(S (NP The defense )NP (VP won )VP . )S  STOP
(S (PP In (NP (NP a classic defense )NP (PP of (NP a *UNK- case )NP )PP )NP )PP , (NP the consultants )NP (VP concentrate (PP on (S (VP encouraging (S (NP the jury )NP (VP to (VP shift (NP the blame )NP )VP )VP )S )VP )S )PP )VP . )S  STOP
(S `` (S (NP (NP The ideal defense )NP (PP in (NP (NP a case )NP (PP involving (NP an accident )NP )PP )NP )PP )NP (VP is (S (VP to (VP persuade (NP the jurors )NP (S (VP to (VP hold (S (NP the accident victim )NP (ADJP responsible (PP for (NP his or her *UNK )NP )PP )ADJP )S )VP )VP )S )VP )VP )S )VP )S , '' (NP Mr. Vinson )NP (VP has (VP written )VP )VP . )S  STOP
(S (NP (NP *UNKC graphics )NP , (VP *UNKED (PP for (NP *UNK )NP )PP )VP , )NP (ADVP also )ADVP (VP play (NP (NP a major role )NP (PP in (NP (NP Litigation Sciences ' )NP operation )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP show (PRN , (S (NP the consultants )NP (VP say )VP )S , )PRN (SBAR that (S (NP people )NP (VP (VP absorb (NP information )NP (ADVP better )ADVP )VP and (VP remember (NP it )NP (ADVP longer )ADVP )VP (SBAR if (S (NP they )NP (VP receive (NP it )NP (ADVP *UNKLY )ADVP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKED *UNK )NP (VP help )VP . )S  STOP
(S `` (NP The average American )NP (VP *UNK (NP (NP seven hours )NP (PP of (NP TV )NP )PP (NP a day )NP )NP )VP . )S  STOP
(SINV (S (NP They )NP (VP are (ADJP very *UNKLY sophisticated )ADJP )VP )S , '' (VP explains )VP (NP *UNKC graphics specialist Robert *UNKC )NP . )SINV  STOP
(S (NP Lawyers )NP (VP remain (ADJP divided (PP about (SBAR whether (S (NP anything )NP (VP is (ADJP wrong (PP with (NP all this )NP )PP )ADJP )VP )S )SBAR )PP )ADJP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP acknowledge (SBAR that (S (NP the process )NP (VP aims (S (VP to (VP *UNK )VP )VP )S )VP )S )SBAR )VP )S , but (S (NP they )NP (VP insist (SBAR that (S (NP the best trial lawyers )NP (VP have (ADVP always )ADVP (VP employed (NP similar tactics )NP )VP )VP )S )SBAR )VP )S . )S  STOP
(SINV `` (S (S (NP They )NP (VP may not (VP have (VP been (ADJP able (S (VP to (VP *UNK (NP (NP it )NP (NP all )NP )NP )VP )VP )S )ADJP )VP )VP )VP )S , but (S (NP they )NP (VP did (NP it )NP )VP )S )S , '' (VP says )VP (NP (NP Stephen *UNKC )NP , (NP (NP a legal ethics expert )NP (PP at (NP New York University law school )NP )PP )NP )NP . )SINV  STOP
(S `` (SBAR (WHNP What )WHNP (S (NP you )NP (VP have (NP here )NP )VP )S )SBAR (VP is (NP (NP *UNK )NP (VP made (S (ADJP *UNK )ADJP )S )VP )NP )VP . '' )S  STOP
(S (NP Many lawyers )NP (VP maintain (SBAR that (S (NP all )NP (VP 's (ADJP fair )ADJP (PP in (NP the *UNK system )NP )PP (ADVP as long (SBAR as (S (NP no one )NP (VP *UNK (PP with (NP the evidence )NP )PP )VP )S )SBAR )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP Others )NP (VP point (PRT out )PRT (SBAR that (S (NP (NP lawyers )NP (PP in (NP small communities )NP )PP )NP (VP have (ADVP always )ADVP (VP (VP had (NP (NP a feel )NP (PP for (NP public sentiment )NP )PP )NP )VP -- and (VP used (NP that )NP (PP to (VP advantage )VP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Litigation consulting )NP (VP is n't (NP (NP a guarantee )NP (PP of (NP a favorable outcome )NP )PP )NP )VP . )S  STOP
(S (NP Litigation Sciences )NP (VP concedes (SBAR that (S (PP in (NP (QP one in 20 )QP cases )NP )PP (NP it )NP (VP was (ADJP *UNK wrong (PP in (NP its predictions )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP A few attorneys )NP (VP offer (NP (NP *UNK stories )NP (PP (PP of (NP (NP jobs )NP (VP *UNKED (PP by (NP consultants )NP )PP )VP )NP )PP or (PP of (NP *UNKED services )NP )PP )PP -- (PP as (SBAR (WHADVP when )WHADVP (S (NP one lawyer )NP (VP (VP paid (NP (NP a consultant )NP (PRN -LRB- (PP not at (NP Litigation Sciences )NP )PP -RRB- )PRN )NP (NP $ 70,000 )NP (S (VP to (VP interview (NP a jury )NP (PP after (NP a big trial )NP )PP )VP )VP )S )VP and (VP (ADVP later )ADVP read (NP (NP (ADJP more *UNK )ADJP interviews )NP (PP with (NP the same jurors )NP )PP )NP (PP in (NP The American *UNKC magazine )NP )PP )VP )VP )S )SBAR )PP )NP )VP . )S  STOP
(S (NP Some *UNK )NP (VP *UNK (PP at (NP the notion (SBAR that (S (NP a *UNK )NP (VP knows (NP (NP more )NP (SBAR than (S (NP they )NP (VP do )VP )S )SBAR (PP about (SBAR (WHNP what )WHNP (S (VP makes (S (NP a jury )NP (VP *UNK )VP )S )VP )S )SBAR )PP )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(SINV `` (S (NP (NP The *UNK )NP (PP of (S (VP being (NP a trial lawyer )NP )VP )S )PP )NP (VP is (S (VP understanding (SBAR (WHADVP how )WHADVP (S (NP (NP people )NP (PP of (NP *UNK *UNK )NP )PP )NP (VP *UNK (PP to (NP (NP you )NP and (NP your *UNK )NP )NP )PP )VP )S )SBAR )VP )S )VP )S , '' (VP says )VP (NP (NP Barry *UNKC )NP (PP of (NP Simpson *UNKC & Bartlett )NP )PP , (SBAR (WHNP who )WHNP (S (ADVP recently )ADVP (VP won (NP (NP a huge case )NP (PP on (NP (NP behalf )NP (PP of (NP insurers )NP )PP )NP )PP (PP against (NP Shell Oil Co )NP )PP )NP )VP )S )SBAR )NP . )SINV  STOP
(S (NP He )NP (VP says (SBAR (S (NP he )NP (VP (VP used (NP consultants )NP (PP in (NP the case )NP )PP )VP but `` (VP found (S (NP them )NP (VP to (VP be (ADJP virtually *UNK )ADJP )VP )VP )S )VP )VP )S )SBAR )VP . '' )S  STOP
(S But (NP most lawyers )NP (VP accept (SBAR that (S (NP the marketplace )NP (VP has (VP spoken )VP )VP )S )SBAR )VP . )S  STOP
(S And (NP (NP the question )NP )NP (VP remains (SBAR whether (S (NP the jury system )NP (VP can (VP maintain (NP its integrity )NP (SBAR while (S (VP *UNKING (NP such a *UNK massage )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP (QP more than a )QP decade )NP )PP , (NP (NP Mr. *UNKC )NP , (NP the *UNK )NP , )NP (VP has (VP been (NP (NP a leading critic )NP (PP of (NP the *UNK )NP )PP )NP )VP )VP . )S  STOP
(S `` (S (NP There )NP (VP 's (NP (NP no reason )NP (SBAR (S (VP to (VP believe (SBAR that (S (NP *UNK )NP (VP rule (ADVP *UNKLY )ADVP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` But (NP (NP the last thing )NP (SBAR (S (NP you )NP (VP want (S (VP to (VP do )VP )VP )S )VP )S )SBAR )NP (VP is (S (VP *UNK (NP the *UNK )NP (S (VP to (VP make (S (NP them )NP (VP think (ADVP better )ADVP )VP )S )VP )VP )S )VP )S )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (NP you )NP (ADVP then )ADVP (VP do )VP )S )SBAR (VP is (SBAR (S (NP you )NP (VP make (S (NP them )NP (VP think (ADVP *UNKLY )ADVP )VP )S )VP )S )SBAR )VP . '' )S  STOP
(S (S (VP To (VP *UNK (NP (NP the work )NP (PP of (NP litigation scientists )NP )PP )NP )VP )VP )S , (NP he )NP (VP suggests (SBAR that (S (NP courts )NP (VP (ADVP sharply )ADVP limit (NP (NP (NP the number )NP (PP of (NP jurors )NP )PP )NP (SBAR (WHNP that )WHNP (S (NP lawyers )NP (VP can (VP remove (PP from (NP the jury panel )NP )PP (PP through (NP (NP so-called *UNK challenges )NP -- (NP (NP *UNK )NP (SBAR (WHNP that )WHNP (S (VP do n't (VP require (NP *UNK )NP )VP )VP )S )SBAR )NP )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP most civil cases )NP )PP , (NP judges )NP (VP allow (NP each side )NP (NP three such challenges )NP )VP . )S  STOP
(S (PP For (NP complex cases )NP )PP , (NP judges )NP (ADVP sometimes )ADVP (VP allow (NP many more )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (ADVP also )ADVP (VP suggests (S (VP *UNKING (NP anyone )NP (PP from (S (VP gathering (NP (NP background information )NP (PP about (NP the jurors )NP )PP )NP )VP )S )PP )VP )S )VP . )S  STOP
(S -LRB- (S (NP Some courts )NP (VP release (NP names and *UNK )NP )VP )S , and (S (NP researchers )NP (VP can (VP (VP drive (PP by (NP houses )NP )PP )VP , (VP look (PRT up )PRT (NP credit ratings )NP )VP , and (VP (ADVP even )ADVP question (NP neighbors )NP )VP )VP )VP )S . -RRB- )S  STOP
(S (ADVP *UNKC )ADVP (PRN , (S (NP he )NP (VP says )VP )S , )PRN (NP *UNK )NP (VP should not (VP be (VP allowed (S (VP to (VP analyze (NP (NP jurors ' )NP *UNK )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP (NP Even some lawyers )NP (SBAR (WHNP who )WHNP (S (VP have (VP used (NP consultants )NP (PP to (NP their advantage )NP )PP )VP )VP )S )SBAR )NP (VP see (NP a need (S (VP to (VP limit (NP their impact )NP )VP )VP )S )NP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (NP (NP the first lawyer )NP (SBAR (S (VP to (VP use (NP (NP Mr. Vinson 's )NP services )NP )VP )VP )S )SBAR )NP , )NP (VP *UNK (PP against (S (NP courts ' )NP (VP (VP allowing (NP (NP extensive jury questioning )NP (PRN -LRB- (VP known (PP as (NP *UNK *UNK )NP )PP )VP -RRB- )PRN )NP )VP or (VP giving (PRT out )PRT (NP (NP personal information )NP (PP about (NP the jurors )NP )PP )NP )VP )VP )S )PP )VP . )S  STOP
(S `` (S (S (X (X The (ADJP more extensive )ADJP )X (NP the *UNK *UNK )NP )X , (X the easier )X (NP you )NP (VP make (S (NP (NP it )NP )NP (SBAR for (S (NP (NP that kind )NP (PP of (NP research )NP )PP )NP (VP to (VP be (ADJP effective )ADJP )VP )VP )S )SBAR )S )VP )S , and (S (NP I )NP (VP do n't (VP think (SBAR (S (NP courts )NP (VP should (VP lend (NP themselves )NP (PP to (NP that )NP )PP )VP )VP )S )SBAR )VP )VP )S )S , '' (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S (NP (NP Silicon Graphics Inc. )NP , (NP (NP a fast-growing maker )NP (PP of (NP computer workstations )NP )PP )NP , )NP (VP said (SBAR (S (NP it )NP (VP landed (NP (NP two federal government contracts )NP (ADJP worth (NP (NP (QP more than $ 100 million )QP )NP (PP over (NP the next five years )NP )PP )NP )ADJP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP One award )NP (VP (VP is (NP (NP part )NP (PP of (NP (NP a (NAC Department (PP of (NP Defense )NP )PP )NAC contract )NP (PP to (NP Loral *UNKC *UNKC Computers )NP )PP )NP )PP )NP )VP and (VP could (VP be (VP valued (PP at (NP (NP (QP more than $ 100 million )QP )NP (PP over (NP five years )NP )PP )NP )PP )VP )VP )VP )VP . )S  STOP
(S (NP The other )NP (VP involves (NP (NP the )NP sale (PP of (NP (NP (QP about 35 )QP )NP (PP of (NP (NP the company 's )NP *UNK- workstations )NP )PP )NP )PP (PP to (NP (NP the National Institutes )NP (PP of (NP Health )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP The models )NP , (SBAR (WHNP which )WHNP (S (VP cost (NP (NP (QP about $ *UNKN )QP )NP (NP each )NP )NP )VP )S )SBAR , )NP (VP will (VP be (VP used (PP in (NP research )NP )PP )VP )VP )VP . )S  STOP
(S (S (NP The *UNK )NP (VP are (NP evidence (SBAR that (S (NP (NP (NP Silicon Graphics ' )NP approach )NP (PP to (NP computer graphics )NP )PP )NP (VP is (VP *UNKING (PRT on )PRT (PP with (NP (NP users )NP (PP of (NP powerful *UNK computers )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )S , (NP analysts )NP (VP said )VP . )S  STOP
(SINV `` (S (NP The company )NP (VP 's (PP on (NP a roll )NP )PP )VP )S , '' (VP said )VP (NP (NP Robert *UNKC )NP , (NP (NP an analyst )NP (PP at (NP Hambrecht & Quist )NP )PP )NP )NP . )SINV  STOP
(S `` (NP No other -LCB- computer -RCB- vendor )NP (VP offers (NP (NP graphics performance )NP (ADJP that good )ADJP )NP (PP for (NP their price )NP )PP )VP . '' )S  STOP
(S (PP In (NP (NP the battle )NP (SBAR (S (VP to (VP supply (NP *UNK computers )NP (PP for (NP (NP researchers )NP and (NP design engineers )NP )NP )PP )VP )VP )S )SBAR )NP )PP , (NP (NP most )NP (PP of (NP the attention )NP )PP )NP (VP is (VP given (PP to (NP (NP the biggest competitors )NP : (NP (NP (NP Sun Microsystems Inc. )NP , (NP Hewlett-Packard Co. )NP and (NP Digital Equipment Corp. )NP )NP , (SBAR (WHNP which )WHNP (S (VP make (NP (NP computers )NP (VP (ADVP mainly )ADVP aimed (PP at (NP (NP a wide range )NP (PP of (NP (UCP engineering and scientific )UCP needs )NP )PP )NP )PP )VP )NP )VP )S )SBAR )NP )NP )PP )VP )VP . )S  STOP
(S (NP Silicon Graphics )NP , (PP on (NP the other hand )NP )PP , (VP has (VP targeted (NP (NP a specific niche )NP )NP (PP since (NP (NP its *UNK )NP (PP in (NP 1982 )NP )PP )NP )PP , (SBAR (WHNP which )WHNP (S (VP has (VP been (VP dubbed (PP by (NP some )NP )PP (PP as `` (NP *UNK- computing )NP )PP )VP )VP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP This )NP (VP is (NP (NP a style )NP (PP of (NP `` *UNK '' computing )NP )PP (SBAR (WHNP that )WHNP (S (VP provides (NP (NP *UNK- , color models )NP (PP of (NP (NP everything )NP (PP (PP from (NP (NP the inside )NP (PP of (NP a house )NP )PP )NP )PP (PP to (NP (NP the latest )NP (PP in (NP (NP women 's )NP fashion )NP )PP )NP )PP )PP )NP )PP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (SBAR Though (S (NP Silicon Graphics )NP (VP is (ADJP much smaller (PP than (NP Digital , *UNKC and Sun )NP )PP )ADJP )VP )S )SBAR , (NP it )NP (VP has (VP emerged (PP in (NP recent years )NP )PP (PP as (NP (NP a feared *UNK )NP (PP in (NP (NP this graphics portion )NP (PP of (NP the *UNK market )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP the company )NP (VP has (VP made (S (NP it )NP (ADJP tough (PP on (NP competitors )NP )PP )ADJP )S (PP by (S (VP offering (NP (NP a *UNK )NP (PP of (NP desktop computers )NP )PP )NP (PP at (NP (ADJP sharply lower )ADJP prices )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S (ADVP (NP A year )NP ago )ADVP , (NP Silicon Graphics )NP (VP introduced (NP (NP a model )NP (VP priced (PP at (NP (NP $ 15,000 )NP -- (ADJP (ADJP almost as cheap )ADJP (PP as (NP (NP mainstream workstations )NP (SBAR (WHNP that )WHNP (S (VP do n't (VP offer (NP special graphics features )NP )VP )VP )S )SBAR )NP )PP )ADJP )NP )PP )VP )NP )VP . )S  STOP
(S (NP Silicon Graphics )NP (ADVP also )ADVP (VP plans (S (VP to (VP unveil (NP (ADJP even less expensive )ADJP machines )NP (PP in (NP the near future )NP )PP )VP )VP )S )VP . )S  STOP
(SINV `` (S (NP (NP It )NP )NP (VP 's (ADJP pretty safe )ADJP (S (VP to (VP assume (SBAR (S (NP we )NP (VP can (VP bring (NP (NP the cost )NP )NP (PRT down )PRT (PP of (NP these systems )NP )PP (PP by (NP (NP (QP 30 % to 40 )QP % )NP (NP a year )NP )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP )S , '' (VP said )VP (NP (NP Edward *UNKC )NP , (NP (NP the company 's )NP chief executive officer )NP )NP . )SINV  STOP
(S (NP (NP Silicon Graphics ' )NP strategy )NP (VP seems (S (VP to (VP be (VP paying (PRT off )PRT )VP )VP )VP )S )VP . )S  STOP
(S (NP (NP Revenue )NP (PP for (NP (NP its first quarter )NP (VP ended (NP Sept. 30 )NP )VP )NP )PP )NP (VP was (NP (NP (QP $ *UNKN million )QP )NP , (NP (NP a (ADJP 95 )ADJP % increase )NP (PP over (NP the year-ago period )NP )PP )NP )NP )VP . )S  STOP
(S (NP Profit )NP (VP was (NP (NP (QP $ 5.2 million )QP )NP , (PP compared (PP with (NP (NP (QP $ 1 million )QP )NP (PP for (NP the year-ago quarter )NP )PP )NP )PP )PP )NP )VP . )S  STOP
(SQ (VP *UNKC (NP (NP those *UNK , *UNKED *UNK )NP (PP of (ADVP (NP 30 years )NP ago )ADVP )PP )NP )VP ? )SQ  STOP
(S (NP (NP They )NP , or (NP (ADVP at least )ADVP (NP something )NP (ADJP less efficient (PP than (NP (NP today 's )NP *UNKED units )NP )PP )ADJP )NP , )NP (VP may (ADVP soon )ADVP (VP be (VP making (NP a comeback )NP )VP )VP )VP . )S  STOP
(S (NP (NP That something )NP (PRN , (SBAR (WHADVP whatever )WHADVP (S (NP it )NP (VP is )VP )S )SBAR , )PRN )NP (VP could (VP add (NP (QP as much as $ 100 )QP )NP (PP to (NP (NP the $ 600 (QP or so )QP )NP (SBAR (S (NP consumers )NP (VP (ADVP now )ADVP pay (PP for (NP *UNKED *UNK )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP These )NP and (NP (NP other expensive changes )NP (PP in (NP (NP products )NP (VP ranging (PP from (NP auto air *UNK )NP )PP (PP (PP to (NP *UNK *UNKING )NP )PP (PP to (NP commercial *UNK )NP )PP )PP )VP )NP )PP )NP )NP (VP are (PP in (NP prospect )NP )PP (PP because of (NP (NP something )NP (VP called (S (NP (NP the Montreal *UNKC )NP , (VP signed (PP by (NP 24 nations )NP )PP (PP in (NP 1987 )NP )PP )VP )NP )S )VP )NP )PP )VP . )S  STOP
(S (PP In (NP (NP (NP one )NP (PP of (NP (NP the (ADJP most sweeping )ADJP environmental regulatory efforts )NP (PP to (NP date )NP )PP )NP )PP )NP -- (PP involving (NP (NP products )NP (PP with (NP (NP an annual value )NP (PP of (NP (NP (QP $ 135 billion )QP )NP (PP in (NP (NP the U.S. )NP (ADVP alone )ADVP )NP )PP )NP )PP )NP )PP )NP )PP -- )NP )PP (NP the *UNK )NP (VP agreed (S (VP to (VP *UNK (ADVP sharply )ADVP (NP (NP the use )NP (PP of (NP (NP *UNK )NP (PRN -LRB- (NP CFCs )NP -RRB- )PRN )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC production )NP (VP would (VP be (VP cut (PP in (NP half )NP )PP (PP by (NP 1998 )NP )PP )VP )VP )VP . )S  STOP
(S (NP The U.S. Senate )NP (VP *UNKED (NP the treaty )NP (ADVP so well (SBAR (S (NP it )NP (VP *UNKED (NP it )NP (PP by (NP (NP a vote )NP (PP of (NP (NP 89 )NP (PP to (NP *UNK )NP )PP )NP )PP )NP )PP )VP )S )SBAR )ADVP )VP . )S  STOP
(S (S Not (VP to (VP be (VP *UNK )VP )VP )VP )S , (NP George Bush )NP (VP wants (S (NP CFCs )NP (VP (VP *UNKED (ADVP altogether )ADVP (PP by (NP the year 2000 )NP )PP )VP , (NP (NP a goal )NP (VP endorsed (PP at (NP (NP an *UNK- U.N. environmental meeting )NP (PP in (NP *UNKC )NP )PP (PP in (NP the spring )NP )PP )NP )PP )VP )NP )VP )S )VP . )S  STOP
(S (NP That )NP (VP 's (NP (NP a lot )NP (PP of (NP *UNK )NP )PP )NP , (SBAR as (S (NP it )NP (VP turns (PRT out )PRT )VP )S )SBAR )VP . )S  STOP
(S (NP CFCs )NP (VP are (NP (NP the primary *UNK )NP (PP in (NP (NP a gas )NP , (VP (ADVP often )ADVP referred (PP to )PP (PP by (NP (NP the Du Pont trade name )NP (NP *UNKC )NP )NP )PP )VP , (SBAR (WHNP which )WHNP (S (VP is (VP *UNKED (PP to (NP liquid form )NP )PP (S (VP to (VP serve (PP as (NP (NP the *UNKING agent )NP (PP in (NP *UNK and *UNKING equipment )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP (VP containing (NP CFCs )NP )VP )NP (VP are (VP *UNKED (PP into (NP *UNK )NP )PP (S (VP to (VP make (NP (NP the *UNK )NP (VP used (PP in (NP *UNK , *UNK and *UNK )NP )PP )VP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP *UNKC *UNK )NP (VP is (NP a (ADJP highly efficient )ADJP *UNK )NP , (SBAR (WHNP which )WHNP (S (VP accounts (PP for (SBAR (WHADVP why )WHADVP (S (NP (NP the walls )NP (PP of (NP *UNK and *UNK )NP )PP )NP (VP can (VP be (ADJP (ADJP *UNK )ADJP (ADVP now )ADVP (SBAR than (S (NP they )NP (VP were (PP (ADVP back )ADVP in (NP (NP the days )NP (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP were (VP *UNKED (PP with (NP glass fiber )NP )PP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )ADJP )VP )VP )S )SBAR )PP )VP )S )SBAR )VP . )S  STOP
(S But (SBAR even though (S (PP by (NP some estimates )NP )PP (NP it )NP (VP might (VP cost (NP the world )NP (NP (QP as much as $ 100 billion )QP )NP (PP between (NP (NP now )NP and (NP the year 2000 )NP )NP )PP (S (VP (VP to (VP convert (PP to (NP (NP other *UNK )NP , (NP *UNKING agents )NP and (NP *UNK )NP )NP )PP )VP )VP and (VP to (VP *UNK (NP equipment )NP (PP for (NP these (ADJP less efficient )ADJP *UNK )NP )PP )VP )VP )VP )S )VP )VP )S )SBAR , (NP (NP (NP the Montreal *UNKC 's )NP *UNK )NP (PP of (NP supporters )NP )PP )NP (VP say (SBAR (S (NP it )NP (VP is (ADJP worth (NP it )NP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP insist (SBAR that (S (NP CFCs )NP (VP are (VP damaging (NP (NP (NP the earth 's )NP *UNK ozone *UNK )NP , (SBAR (WHNP which )WHNP (S (VP screens (PRT out )PRT (NP (NP some )NP (PP of (NP (NP the *UNK 's )NP *UNK *UNK )NP )PP )NP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP *UNKC )ADVP (PRN , (SBAR as (S (NP they )NP (VP see (NP it )NP )VP )S )SBAR , )PRN (SBAR if (S (NP something )NP (VP is n't (VP done )VP )VP )S )SBAR (NP *UNK )NP (VP will (VP become (ADJP (ADVP ever more )ADVP subject (PP to (NP (NP *UNK )NP and (NP skin cancer )NP )NP )PP )ADJP )VP )VP . )S  STOP
(S (NP (NP Peter *UNKC )NP , (NP (NP a specialist )NP (PP in (NP heat transfer )NP )PP )NP , )NP (VP is (VP running (NP (NP a project )NP (PP at (NP (NP Arthur D. Little Inc. , )NP (PP of (NP (NP Cambridge )NP , (NP Mass. )NP , )NP )PP )NP )PP (SBAR (S (VP to (VP find (NP (NP alternative technologies )NP (SBAR (WHNP that )WHNP (S (VP will (VP allow (S (NP industry )NP (VP to (VP eliminate (NP CFCs )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (PP In (NP (NP addition )NP (PP to (NP (NP his interest )NP (PP in (NP ozone *UNK )NP )PP )NP )PP )NP )PP (NP he )NP (VP has (VP (ADVP *UNKLY )ADVP studied (NP (NP the related topic )NP (PP of (NP (NP global warming )NP , (NP a theory (SBAR that (S (NP (NP (NP *UNK 's )NP generation )NP (PP of (NP carbon *UNK )NP )PP (PP through (NP (NP increased *UNK )NP (PP of (NP *UNK fuels )NP )PP )NP )PP )NP (VP is (VP creating (NP (NP a `` greenhouse effect '' )NP (SBAR (WHNP that )WHNP (S (VP will (VP work (NP important *UNK changes )NP (PP in (NP (NP the earth 's )NP atmosphere )NP )PP (PP over (NP time )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )NP )PP )NP )VP )VP . )S  STOP
(SINV `` (S (NP I )NP (VP would (VP be (NP (NP the first )NP (SBAR (S (VP to (VP admit (SBAR that (S (NP there )NP (VP is not (NP (NP a complete consensus )NP (PP in (NP the scientific community )NP )PP (PP on (NP (NP either one )NP (PP of (NP these problems )NP )PP )NP )PP )NP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )VP )S , '' (VP says )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S `` (PP In (NP (NP the kind )NP (PP of (NP (NP *UNK )NP (SBAR (S (NP I )NP (VP read )VP )S )SBAR )NP )PP )NP )PP (NP I )NP (VP come (PP across (NP *UNKING opinions )NP )PP (ADVP quite frequently )ADVP )VP . )S  STOP
(S But (NP (NP the nature )NP (PP of (NP the problem )NP )PP )NP (VP is (ADJP such (SBAR that (S (NP many others )NP (VP feel (SBAR (S (NP it )NP (VP has (S (VP to (VP be (VP addressed (ADVP soon )ADVP , (SBAR before (S (NP all the evidence )NP (VP is (ADVP in )ADVP )VP )S )SBAR )VP )VP )VP )S )VP )S )SBAR )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP We )NP (VP ca n't (VP afford (S (VP to (VP wait )VP )VP )S )VP )VP . '' )S  STOP
(SQ But does (NP it )NP (VP have (S (VP to (VP be (ADVP so soon )ADVP )VP )VP )S )VP ? )SQ  STOP
(S (NP Some *UNK scientists )NP (VP think (SBAR that (S (SBAR even if (S (NP CFCs )NP (VP were (VP released (PP into (NP the atmosphere )NP )PP (PP at (NP an *UNKING rate )NP )PP )VP )VP )S )SBAR , (NP (NP the amount )NP (PP of (NP ozone *UNK )NP )PP )NP (VP would (VP be (NP (QP only 10 )QP % )NP (PP by (NP (NP the middle )NP (PP of (NP the next century )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP It )NP )NP (VP 's (ADJP easy )ADJP (S (VP to (VP get (NP (NP something )NP (ADJP comparable )ADJP )NP (PP by (S (VP (ADVP simply )ADVP moving (PP to (NP (NP a higher *UNK )NP (PP in (NP the U.S. )NP )PP )NP )PP )VP )S )PP )VP )VP )S )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP there )NP (VP are (NP (NP questions )NP , (PP (ADVP particularly )ADVP among (NP (NP *UNK scientists )NP (SBAR (WHNP who )WHNP (S (VP know (NP this subject )NP (ADVP best )ADVP )VP )S )SBAR )NP )PP , (PP about (NP (NP the ability )NP (PP of (NP anyone )NP )PP (S (VP to (VP know (SBAR (WHNP what )WHNP (PP in (NP fact )NP )PP (S (VP is (VP happening (PP to (NP the ozone *UNK )NP )PP )VP )VP )S )SBAR )VP )VP )S )NP )PP )NP )VP . )S  STOP
(S (NP It )NP (VP is (ADVP generally )ADVP (VP agreed (SBAR that (S (SBAR (WHADVP when )WHADVP (S (NP CFCs )NP (VP rise (PP from (NP earth )NP )PP (PP to (NP *UNK )NP )PP )VP )S )SBAR , (NP (NP the *UNK )NP (PP in (NP them )NP )PP )NP (VP is (ADJP capable (PP of (S (VP *UNKING (PP with (NP (NP the process )NP (SBAR (WHPP through (WHNP which )WHNP )WHPP (S (NP *UNK *UNK )NP (VP (VP split (NP *UNK *UNK )NP )VP and (VP form (NP ozone )NP )VP )VP )S )SBAR )NP )PP )VP )S )PP )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S But (S (NP ozone creation )NP (VP is (NP a (ADJP very *UNK- )ADJP natural process )NP )VP )S and (S (NP (NP the importance )NP (PP of (NP *UNKED CFCs )NP )PP (PP in (S (VP reducing (NP it )NP )VP )S )PP )NP (VP is (ADVP largely )ADVP (NP (NP a matter )NP (PP of (NP *UNK )NP )PP )NP )VP )S . )S  STOP
(S (NP The ozone *UNK )NP (VP is (UCP (PP (ADVP constantly )ADVP in (NP motion )NP )PP and thus (ADJP very hard (S (VP to (VP measure )VP )VP )S )ADJP )UCP )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (NP scientists )NP (VP have (VP known (PP since (NP the late 1970s )NP )PP )VP )VP )S )SBAR (VP is (SBAR that (S (NP there )NP (VP is (NP (NP a hole )NP (PP in (NP the *UNK )NP )PP (PP over (NP *UNKC )NP )PP (SBAR (WHNP that )WHNP (S (VP *UNK or contracts (PP from (NP (NP year )NP (PP to (NP year )NP )PP )NP )PP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP it )NP )NP (VP is (ADJP (ADVP at least )ADVP *UNK (PP of (NP some note )NP )PP )ADJP (SBAR that (S (NP there )NP (VP are (NP (ADJP very few )ADJP *UNK )NP (PP in (NP *UNKC )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Moreover )ADVP , (ADVP surely )ADVP (NP someone )NP (VP has (VP noticed (SBAR that (S (NP household *UNK )NP (VP are (NP closed systems )NP , (S (VP running (PP for (NP many years )NP )PP (PP without (S (NP either (NP the *UNKC gas )NP or (NP the *UNK )NP )NP (ADVP ever )ADVP (VP *UNKING )VP )S )PP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Another argument )NP (PP of (NP the environmentalists )NP )PP )NP (VP is (SBAR that (FRAG (SBAR if (S (NP *UNK )NP (VP are (ADJP available )ADJP )VP )S )SBAR , (WHADVP why )WHADVP not (VP use (NP them )NP )VP ? )FRAG )SBAR )VP )S  STOP
(S (S (NP Mr. *UNKC )NP (VP *UNK (NP (NP a list )NP (PP of (NP *UNK )NP )PP )NP )VP )S but (S (NP none )NP , (ADVP so far )ADVP , (VP match (NP the *UNK , *UNK CFCs )NP )VP )S . )S  STOP
(S (NP *UNKC and *UNK )NP (VP (VP can (VP be (VP used (PP as (NP *UNK )NP )PP , (PP for (NP example )NP )PP , )VP )VP )VP but (VP are (ADJP *UNK )ADJP )VP )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP new *UNK )NP (VP will (VP be (VP needed (S (VP to (VP protect (NP *UNK )NP (PP from (NP (NP the new *UNK )NP , (SBAR (WHNP which )WHNP , (PP as (PP with (NP CFCs )NP )PP )PP (S , (VP are (NP *UNK )NP )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP points (PRT out )PRT (ADVP as well )ADVP (SBAR that (S (S (SBAR if (S (NP (NP the equipment )NP (VP designed (S (VP to (VP get (ADVP along )ADVP (PP without (NP CFCs )NP )PP )VP )VP )S )VP )NP (VP is (ADJP less efficient (PP than (NP current devices )NP )PP )ADJP )VP )S )SBAR , (NP energy consumption )NP (VP will (VP rise )VP )VP )S and (S (NP that )NP (VP will (VP *UNK (NP the greenhouse effect )NP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP in (NP the Midwest )NP )PP (SBAR (WHNP who )WHNP (S (VP (ADVP just )ADVP suffered (NP a mid-October *UNK )NP )VP )S )SBAR )NP (VP may (VP wonder (SBAR (WHADVP where )WHADVP (S (NP the greenhouse )NP (VP was (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP needed (NP it )NP )VP )S )SBAR )VP )S )SBAR )VP )VP )S , but (S (VP let (S (NP 's )NP (VP not be (ADJP *UNK (PP about (NP *UNK risks )NP )PP )ADJP )VP )S )VP )S . )S  STOP
(S (SBAR As (S (NP it )NP (VP happens )VP )S )SBAR , (NP Arthur D. Little )NP (VP is (ADJP not (ADVP at all )ADVP interested (PP in (S (VP throwing (NP cold water )NP (PP on (NP ozone *UNK and global warming theories )NP )PP )VP )S )PP )ADJP )VP . )S  STOP
(S (NP It )NP (VP is (ADJP interested (PP in (S (VP making (NP some money )NP (S (VP advising (NP industry )NP (PP on (SBAR (WHADVP how )WHADVP (S (VP to (VP convert (PP to (NP (NP a world )NP (PP without (NP CFCs )NP )PP )NP )PP )VP )VP )S )SBAR )PP )VP )S )VP )S )PP )ADJP )VP . )S  STOP
(S (NP There )NP (VP is , (ADVP after all )ADVP , (NP (NP big money )NP (PP in (NP *UNK )NP )PP )NP )VP . )S  STOP
(S (ADVP Maybe )ADVP (NP we )NP (VP should (VP ask (SBAR (WHADVP why )WHADVP (S (NP it )NP (VP was (SBAR (WHADVP that )WHADVP (S (NP Du Pont )NP (VP (VP (ADVP so quickly )ADVP *UNKED )VP and (VP issued (NP (NP a statement )NP , (VP giving (NP it wide publicity )NP )VP , (SBAR that (S (NP it )NP (VP was (VP *UNKING (NP CFCs )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (VP introduced (PP in (NP *UNKN )NP )PP )VP , )NP (VP *UNKED (NP America )NP (PP by (S (VP making (S (NP (NP *UNK )NP and (NP air *UNKING )NP )NP (ADJP practical )ADJP )S (ADVP after all )ADVP )VP )S )PP )VP . )S  STOP
(S (NP One answer )NP (VP is (SBAR that (S (NP big companies )NP (VP (VP are (VP growing (ADJP *UNK (PP of (S (VP fighting (NP environmental movements )NP )VP )S )PP )ADJP )VP )VP and (VP are (VP trying (ADVP instead )ADVP (S (VP to (VP cash (PRT in )PRT (PP on (NP them )NP )PP )VP )VP )S )VP )VP , (SBAR although (S (NP they )NP (ADVP never )ADVP (VP care (S (VP to (VP put (NP it )NP (ADVP quite that way )ADVP )VP )VP )S )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Du Pont )NP (PRN , (SBAR as (S (NP it )NP (VP happens )VP )S )SBAR , )PRN (VP has (NP (NP a potential substitute )NP (PP for (NP CFCs )NP )PP )NP )VP . )S  STOP
(S (NP (NP Imperial Chemical Industries )NP (PP of (NP the U.K. )NP )PP )NP (VP (VP (ADVP also )ADVP has (NP one )NP )VP , and (VP is (VP building (NP (NP a plant )NP (PP in (NP Louisiana )NP )PP (SBAR (S (VP to (VP produce (NP it )NP )VP )VP )S )SBAR )NP )VP )VP )VP . )S  STOP
(S (NP Japanese chemical companies )NP (VP are (PP at (NP work )NP )PP (S (VP (VP developing (NP their own *UNK )NP )VP and (VP hoping (S (VP to (VP *UNK (NP new markets )NP )VP )VP )S )VP )VP )S , (PP of (NP course )NP )PP )VP . )S  STOP
(S (NP There )NP (VP are (ADVP still )ADVP (NP (NP others )NP (SBAR (WHNP who )WHNP (S (VP do n't (VP mind (S (VP seeing (S (NP new crises )NP (VP *UNK )VP )S )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Environmental groups )NP (VP would (ADVP soon )ADVP (VP go (PP out (PP of (NP business )NP )PP )PP (SBAR (SINV were (NP they )NP (ADJP not able (S (VP to (VP send (PRT out )PRT (NP (NP *UNK )NP (VP (VP describing (NP the latest threat )NP )VP and (VP asking (PP for (NP (NP money )NP (SBAR (S (VP to (VP fight (NP it )NP )VP )VP )S )SBAR )NP )PP )VP )VP )NP )VP )VP )S )ADJP )SINV )SBAR )VP )VP . )S  STOP
(S (NP (NP University *UNK )NP and (NP (NP consultants )NP (PP with (NP scientific credentials )NP )PP )NP )NP (VP saw (S (NP (NP a huge market )NP (PP for (NP their services )NP )PP )NP (VP *UNK (SBAR (WHADVP when )WHADVP (S (NP price *UNK )NP (VP destroyed (NP (NP the energy crisis )NP and thus (NP (NP the demand )NP (PP for `` (NP alternative energy )NP )PP )NP )NP )VP )S )SBAR )VP )S )VP . '' )S  STOP
(S (NP They )NP (VP needed (NP new crises )NP (S (VP to (VP generate (NP new grants and contracts )NP )VP )VP )S )VP . )S  STOP
(S (PP In (NP other words )NP )PP , (NP *UNK )NP (VP has (VP created (NP (NP a whole set )NP (PP of (NP (NP vested interests )NP (SBAR (WHNP that )WHNP (S (VP fare (ADVP (ADVP better )ADVP (SBAR (WHADVP when )WHADVP (S (NP there )NP (VP are (NP many problems )NP )VP )S )SBAR (SBAR than (SBAR (WHADVP when )WHADVP (S (NP there )NP (VP are (NP few )NP )VP )S )SBAR )SBAR )ADVP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP That )NP (VP tends (S (VP to (VP *UNK (NP the public debate )NP (PP toward `` (NP solutions )NP '' )PP )VP )VP )S (SBAR (ADVP even )ADVP (WHADVP when )WHADVP (S (NP (NP some )NP (PP of (NP the (ADJP most *UNK )ADJP scientists )NP )PP )NP (VP are (ADJP skeptical (PP about (NP (NP (NP the *UNK )NP (PP of (NP the threats )NP )PP )NP and (NP (NP the *UNK )NP (PP of (NP *UNK )NP )PP )NP )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP There )NP (VP is (S (NP (NP an element )NP (PP of (NP *UNK- )NP )PP )NP (VP involved )VP )S )VP . )S  STOP
(S (NP Consumers )NP (VP pay (NP (NP the bill )NP (PP for (NP all this )NP )PP )NP (PP in (NP (NP the price )NP (PP of (NP (NP a *UNK )NP or (NP an *UNKED car )NP )NP )PP )NP )PP )VP . )S  STOP
(S (SBAR If (S (NP they )NP (VP were (VP (ADVP really )ADVP getting (NP (NP insurance )NP (PP against (NP environmental disaster )NP )PP )NP )VP )VP )S )SBAR , (NP the price )NP (VP would (VP be (ADJP cheap )ADJP )VP )VP . )S  STOP
(S But (SBAR if (S (NP there )NP (VP is (NP no impending threat )NP )VP )S )SBAR , (NP it )NP (VP can (VP get (S (VP to (VP be (ADJP very expensive )ADJP )VP )VP )S )VP )VP . )S  STOP
(X but (VP worries (PP about (NP 1990 )NP )PP )VP . )X  STOP
(S (SBAR With (S (NP most *UNK )NP (VP *UNKED (PP for (NP the year )NP )PP )VP )S )SBAR , (NP small business )NP (VP is (VP *UNKING (NP its *UNK )NP )VP )VP . )S  STOP
(S (NP (NP Much )NP (PP of (NP its attention )NP )PP )NP (VP was (VP spent (S (VP fighting (NP (NP (NP organized labor 's )NP initiatives )NP (PP on (NP (NP issues )NP (SBAR (S (NP the small-business community )NP (VP (ADVP traditionally )ADVP opposes )VP )S )SBAR -- (PP (PP from (S (VP raising (NP state minimum wage levels )NP )VP )S )PP (PP to (S (VP *UNKING (NP (NP benefits )NP (PP in (NP health plans )NP )PP )NP )VP )S )PP )PP )NP )PP )NP )VP )S )VP )VP . )S  STOP
(SINV (S (SBAR While (S (NP results )NP (VP were (ADJP mixed )ADJP (PP in (NP many states )NP )PP )VP )S )SBAR , `` (NP small business )NP (VP got (PRT by )PRT (ADVP fairly well )ADVP )VP )S , '' (VP concludes )VP (NP (NP Don L. Robinson )NP , (NP (NP associate director )NP (PP of (NP (NP (NP the National Federation )NP (PP of (NP Independent Business )NP )PP )NP , (NP the largest small-business organization )NP )NP )PP )NP )NP . )SINV  STOP
(S (S (NP (NP Five states )NP -- (NP (NP Oregon )NP , (NP *UNKC Island )NP , (NP New Hampshire )NP , (NP Iowa )NP and (NP Wisconsin )NP )NP -- )NP (VP passed (NP (NP bills )NP (SBAR (S (VP to (VP boost (NP the minimum wage )NP )VP )VP )S )SBAR )NP )VP )S , but (S (NP (NP measures )NP (PP in (NP 19 other states )NP )PP )NP (VP were (VP defeated )VP )VP )S . )S  STOP
(S (NP (NP Oregon 's )NP rate )NP (VP will (VP rise (PP to (NP (NP (NP $ *UNKN )NP (NP an hour )NP )NP , (NP (NP the nation 's )NP highest )NP , )NP )PP (PP in (NP Jan. 1 , 1991 )NP )PP )VP )VP . )S  STOP
(S (S (NP Iowa 's )NP (VP will (VP be (NP (NP the second highest )NP (PRN -- (PP at (NP (NP $ *UNKN )NP (NP an hour )NP )NP )PP (PP in (NP January 1992 )NP )PP -- )PRN )NP )VP )VP )S but (S (NP small-business *UNK )NP (VP won (NP (NP (NP an *UNK )NP (PP for (NP tiny concerns )NP )PP )NP and (NP a lower training rate )NP )NP )VP )S . )S  STOP
(S (PP In (NP 17 central states )NP )PP , (NP one small-business count )NP (VP shows (SBAR (S (NP lawmakers )NP (VP adopted (NP (NP (QP only three of 46 )QP bills )NP (VP *UNKING (NP (NP health coverage )NP or (NP *UNK leave )NP )NP )VP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The Illinois *UNKC )NP (VP (ADVP narrowly )ADVP passed (NP (NP a *UNK- bill )NP , (SBAR (WHNP which )WHNP (S (NP Gov. James Thompson )NP (VP vetoed )VP )S )SBAR )NP )VP )S , and (S (NP Iowa and Tennessee )NP (VP amended (NP (NP laws )NP (SBAR (S (VP to (VP require (SBAR that (S (NP employers )NP (VP pay (PP for (NP *UNK- *UNK )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )S . )S  STOP
(S (NP Small business )NP (VP is (VP *UNKING (PP for (NP (NP an *UNK )NP (PP of (NP similar proposals )NP )PP (NP next year )NP )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP (NP Those kinds )NP (PP of (NP issues )NP )PP )NP (ADVP always )ADVP (VP keep (S (VP coming (ADVP back )ADVP )VP )S )VP )S , '' (VP says )VP (NP (NP Robert *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP manages (NP (NP (NP the Illinois Chamber )NP (PP of (NP Commerce )NP )PP 's )NP small-business office )NP )VP )S )SBAR )NP . )SINV  STOP
(S (PP *UNKC (NP (NP *UNKC )NP (NP this year )NP )NP )PP , (NP small business )NP (VP fears (S (VP losing (NP *UNK- war )NP )VP )S )VP . )S  STOP
(S (NP (NP Only two states )NP -- (NP Vermont and Washington )NP -- )NP (NP this year )NP (VP joined (NP (NP five others )NP (VP requiring (S (NP private employers )NP (VP to (VP grant (NP (NP leaves )NP (PP of (NP absence )NP )PP )NP (PP to (NP (NP employees )NP (PP with (NP (ADJP *UNK or adopted )ADJP *UNK )NP )PP )NP )PP )VP )VP )S )VP )NP )VP . )S  STOP
(S (NP *UNKC proposals )NP (VP were (VP defeated (PP in (NP (QP at least 15 )QP other states )NP )PP )VP )VP . )S  STOP
(S But (NP (NP small business )NP , (SBAR (WHNP which )WHNP (S (VP (ADVP generally )ADVP *UNK (NP *UNKED benefits )NP )VP )S )SBAR , )NP (VP has (VP taken (NP note )NP (PP of (NP (NP the growing number )NP (PP of (NP close votes )NP )PP )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's (NP (NP just a matter )NP (PP of (NP time )NP )PP )NP (SBAR before (S (NP the *UNK )NP (VP turns )VP )S )SBAR )VP )S , '' (VP says )VP (NP one *UNKC lobbyist )NP . )SINV  STOP
(S (ADVP *UNKLY )ADVP , (NP small business )NP (VP is (VP taking (NP (NP more `` *UNK- '' steps )NP (SBAR (S (VP to (VP counter (NP mandated leaves )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (S (PP In (NP Pennsylvania )NP )PP , (NP small businesses )NP (VP are (VP pushing (PP for (NP a voluntary alternative )NP )PP )VP )VP )S ; (S (NP they )NP (VP favor (NP (NP a commission )NP (SBAR (WHNP that )WHNP (S (VP would (VP develop (NP (NP *UNK leave policies )NP (SBAR (WHNP that )WHNP (S (NP employers )NP (VP could (VP adopt )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP )S . )S  STOP
(S (NP They )NP (ADVP also )ADVP (VP support (NP (NP a tax credit )NP (PP for (NP employers )NP )PP (SBAR (S (VP to (VP offset (NP (NP the cost )NP (PP of (S (VP hiring and training (NP (NP workers )NP (SBAR (WHNP who )WHNP (S (VP (ADVP temporarily )ADVP replace (NP (NP employees )NP (PP on (NP *UNK leave )NP )PP )NP )VP )S )SBAR )NP )VP )S )PP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (NP 1990 )NP )PP , (NP the issue )NP (VP is (VP expected (S (VP to (VP be (ADJP especially close (PP in (NP (NP Alaska )NP , (NP California )NP , (NP Michigan )NP , (NP New York )NP , (NP Pennsylvania )NP and (NP Illinois )NP )NP )PP )ADJP )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP 'll (VP be (VP playing (NP (NP a lot )NP (PP of (NP defense )NP )PP )NP , (PP (ADVP especially )ADVP in (NP the Midwest and Northeast )NP )PP )VP )VP )VP )S , '' (VP says )VP (NP (NP Jim *UNKC )NP (PP of (NP the *UNKC )NP )PP )NP . )SINV  STOP
(S (PP *UNK (NP *UNKC *UNKC )NP )PP , (NP more small businesses )NP (VP *UNK (S (VP *UNKING (NP a *UNK- policy )NP )VP )S )VP . )S  STOP
(SINV (VP *UNKING (NP the *UNK- )NP )VP (VP is )VP (NP a recent city council decision (S (VP to (VP give (NP (NP preference )NP (PP in (S (VP letting (NP city contracts )NP (PP to (NP (NP suppliers )NP (PP with (NP (NP a stated policy )NP (PP on (NP child care )NP )PP (PP for (NP their employees )NP )PP )NP )PP )NP )PP )VP )S )PP )NP )VP )VP )S )NP . )SINV  STOP
(S (NP The *UNK treatment )NP (VP (ADVP even )ADVP *UNK (PP to (NP (S (VP *UNKING (NP (NP small contracts )NP (PP under (NP $ 25,000 )NP )PP )NP )VP )S and (NP (NP (NP consulting )NP and (NP temporary services )NP )NP -- (SBAR (WHNP which )WHNP (S (ADVP often )ADVP (VP go (PP to (NP the smaller concerns )NP )PP )VP )S )SBAR )NP )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP are (VP permitted (NP (NP wide flexibility )NP (PP in (NP (NP the *UNK- arrangements )NP (SBAR (S (NP they )NP (VP provide )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Council member *UNKC *UNKC )NP , (NP (NP the measure 's )NP chief *UNK )NP , )NP (VP considers (S (NP it )NP (NP (NP part )NP (PP of (NP (NP a `` *UNKLY policy '' )NP (SBAR (WHNP that )WHNP (S (VP makes (NP (NP Los Angeles )NP (NP (NP a leader )NP (PP in `` (S (VP *UNKING (NP the *UNK )NP )VP )S )PP )NP )NP )VP )S )SBAR )NP )PP )NP )S )VP . '' )S  STOP
(S (NP *UNKC *UNKC )NP (VP will (VP contain (NP (NP few *UNK or initiative issues )NP (SBAR (WHNP that )WHNP (S (VP (ADVP especially )ADVP affect (NP small business )NP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (S (PP In (NP San Francisco )NP )PP , (NP small businesses )NP (VP are (VP urging (NP (NP passage )NP (PP of (NP (NP a local initiative )NP (SBAR (S (VP to (VP build (NP a new (ADJP (QP $ 95 million )QP )ADJP downtown baseball stadium )NP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S ; (S (NP they )NP (VP believe (SBAR (S (NP it )NP (VP will (VP spur (NP (NP retail sales )NP and (NP *UNK- business )NP )NP )VP )VP )S )SBAR )VP )S . )S  STOP
(S But (PP in (NP Washington state )NP )PP , (NP small business )NP (VP (ADVP generally )ADVP opposes (NP (NP an initiative )NP (SBAR (S (VP to (VP boost (NP (NP spending )NP (PP on (NP (NP children 's )NP programs )NP )PP )NP (PP by (NP (QP $ *UNKN million )QP )NP )PP )VP )VP )S )SBAR )NP , (S (VP *UNKING (SBAR (S (NP (NP the state 's )NP (ADJP *UNKN % )ADJP sales tax )NP (VP will (VP be (VP raised (S (VP to (VP finance (NP the outlays )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(NP *UNKC *UNKC : )NP  STOP
(S (NP (NP Small businesses )NP (PP in (NP suburban Chicago )NP )PP )NP (VP are (VP *UNKING (SBAR that (S (NP (NP an *UNK- switch )NP (NP Nov. 11 )NP -- (PP to (NP *UNKN )NP )PP (PP from (NP the familiar *UNKN )NP )PP -- )NP (VP wo n't (VP be (PP without (NP some costs )NP )PP )VP )VP )S )SBAR (SBAR as (S (NP they )NP (VP (VP alter (NP (NP *UNK )NP , (PP among (NP other things )NP )PP , )NP )VP and (VP *UNK (NP customers )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP *UNKC & *UNKC )NP , (NP a small St. Charles law firm )NP , )NP (VP plans (S (VP to (VP mail (NP 500 customers )NP (NP (NP (NP a list )NP (PP of (NP (NP its lawyers ' )NP new phone and *UNK numbers )NP )PP )NP (PP as well as (NP *UNKED *UNKC cards )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S But (NP many owners )NP (VP plan (S (VP to (VP practice (NP (NP *UNK )NP )NP -- (S (VP (VP *UNKING (PRT out )PRT (NP the old code )NP )VP and (VP writing (PRT in )PRT (NP the new one )NP )VP )VP )S (SBAR until (S (NP their stock )NP (VP runs (ADVP out )ADVP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP (NP Even *UNK- operator *UNKC Smith )NP (PP of (NP *UNKC )NP )PP )NP (VP wo n't (VP *UNK (NP his old supply )NP )VP )VP . )S  STOP
(S -LRB- (NP He )NP (VP reports (SBAR (S (NP his business )NP (VP is (ADVP (ADJP up )ADJP (ADVP slightly )ADVP )ADVP (PP from (S (NP customers )NP (VP replacing (NP old stock )NP )VP )S )PP )VP )S )SBAR )VP . -RRB- )S  STOP
(S (NP (NP *UNKC )NP , (NP (NP A *UNKC )NP (PP in (NP *UNKING rules )NP )PP )NP , )NP (VP *UNK (NP a controversy )NP )VP . )S  STOP
(S (PP With (NP some new rules )NP )PP , (NP state officials )NP (VP say (SBAR (S (NP they )NP (VP made (S (NP it )NP (ADJP easier -- and faster -- (S (VP to (VP sell (NP (NP new *UNK )NP (SBAR (WHNP whose terms )WHNP (S (VP *UNK (PP from (NP (NP those )NP (PP in (NP *UNKED contracts )NP )PP )NP )PP )VP )S )SBAR )NP )VP )VP )S )ADJP )S )VP )S )SBAR )VP . )S  STOP
(S (ADVP Previously )ADVP , (NP regulators )NP (VP insisted (SBAR that (S (NP *UNK )NP (VP (VP *UNK- (NP such changes )NP (PP with (NP the state )NP )PP )VP -- (NP (NP a costly process )NP (VP taking (NP (ADVP at least )ADVP six weeks )NP )VP )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Now )ADVP (NP (NP some negotiated sales )NP (SBAR (WHNP that )WHNP (S (VP meet (NP (NP a series )NP (PP of (NP tests )NP )PP )NP )VP )S )SBAR )NP (VP do n't (VP have (S (VP to (VP be (VP *UNKED )VP )VP )VP )S )VP )VP . )S  STOP
(S (PP For (NP instance )NP )PP , (NP *UNK )NP (ADVP no longer )ADVP (VP must (VP *UNK- (NP (NP sales )NP (PP to (NP (NP *UNKING franchisees )NP (SBAR (WHNP who )WHNP (S (VP qualify (PP as `` (NP sophisticated purchasers )NP )PP )VP )S )SBAR )NP )PP )NP )VP )VP . '' )S  STOP
(S (NP Such buyers )NP (VP must (VP have (NP (NP (NP a minimum net worth )NP (PP of (NP (QP $ 1 million )QP )NP )PP )NP , (NP $ 200,000 annual income )NP , or (NP (NP recent experience )NP (PP in (NP (NP the business area )NP (PP of (NP (NP the franchise )NP (VP being (VP sold )VP )VP )NP )PP )NP )PP )NP )NP )VP )VP . )S  STOP
(S But (NP critics )NP (VP consider (S (NP the changes )NP (ADJP *UNK )ADJP )S )VP . )S  STOP
(S (NP (NP Lewis G. *UNKC )NP , (NP (NP a Chicago lawyer )NP (SBAR (WHNP who )WHNP (S (VP represents (NP *UNK )NP )VP )S )SBAR )NP , )NP (VP contends (SBAR (S (NP California )NP (VP is (VP (VP (ADVP narrowly )ADVP limiting )VP -- (CONJP rather than )CONJP (VP expanding )VP -- (NP (NP opportunities )NP (PP for (S (VP negotiating (NP sales )NP )VP )S )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP He )NP (VP argues (SBAR (S (NP California regulators )NP (ADVP historically )ADVP (VP have (VP *UNKED (NP their law )NP )VP )VP )S )SBAR )VP )S -- and (S (NP he )NP (VP says (SBAR (S (NP (NP negotiated sales )NP (SBAR (WHNP that )WHNP (S (VP are n't (ADJP *UNKED )ADJP )VP )S )SBAR )NP (VP have (VP been (ADJP legal )ADJP (ADVP all along )ADVP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP (NP San Francisco lawyer *UNKC H. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP represents (NP franchisees )NP )VP )S )SBAR , )NP (VP insists (SBAR (S (NP (NP California 's )NP *UNK )NP (VP helps (S (VP protect (NP franchisees )NP (PP from (NP (NP *UNK sales negotiators )NP (SBAR (WHNP who )WHNP (S (VP push (NP *UNK *UNK )NP )VP )S )SBAR )NP )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(NP *UNKC *UNKC : )NP  STOP
(S (NP A new Maryland law )NP (VP *UNK (NP store owners )NP (PP of (NP liability )NP )PP (SBAR if (S (NP a customer )NP (VP (VP trips )VP or (VP (ADVP otherwise )ADVP gets (NP hurt )NP )VP (PP on (NP (NP the way )NP (PP to (NP the *UNK )NP )PP )NP )PP )VP )S )SBAR )VP ... . )S  STOP
(S (NP (NP (QP Only 4 )QP % )NP (PP of (NP (NP Missouri small businesses )NP (VP surveyed )VP )NP )PP )NP (VP say (SBAR (S (NP they )NP (VP 've (VP tested (NP an employee or *UNK )NP (PP for (NP drug or *UNK use )NP )PP )VP )VP )S )SBAR )VP ... . )S  STOP
(S (PP By (NP *UNKN % )NP )PP , (NP Tennessee *UNKC members )NP (VP favor (NP (NP laws )NP (SBAR (S (VP to (VP limit (NP (NP foreign ownership )NP (PP of (NP (NP land and facilities )NP (PP in (NP the state )NP )PP )NP )PP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP (QP About 400,000 )QP commuters )NP (VP trying (S (VP to (VP find (NP (NP their way )NP (PP through (NP (NP the Bay area 's )NP *UNK- transportation system )NP )PP )NP )VP )VP )S )VP )NP (VP (VP *UNKED (ADVP *UNK- )ADVP (PP into (NP *UNK )NP )PP )VP , (VP sat (PP in (NP (NP traffic *UNK )NP (PP on (NP major *UNK )NP )PP )NP )PP )VP or (VP waited (ADVP *UNKLY )ADVP (PP for (NP *UNK )NP )PP )VP (NP yesterday )NP )VP . )S  STOP
(S (PP In (NP other words )NP )PP , (NP it )NP (VP was (NP a *UNK- Manhattan *UNK )NP )VP . )S  STOP
(S (NP City officials )NP (VP feared (NP (NP widespread *UNK )NP (PP on (NP (NP the first day )NP (SBAR (WHADVP that )WHADVP (S (NP normal business operations )NP (VP were (VP resumed (PP following (NP (NP last Tuesday 's )NP earthquake )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP (NP The massive temblor )NP , (SBAR (WHNP which )WHNP (S (VP killed (NP (QP at least 61 )QP people )NP )VP )S )SBAR , )NP (VP (VP *UNKED (NP (NP the Bay Bridge )NP , (NP (NP a major *UNK )NP (PP to (NP the *UNK )NP )PP )NP )NP )VP , and (VP closed (NP (NP most *UNK )NP (VP leading (PP to and from (NP (NP *UNKC 101 )NP , (NP (NP the biggest artery )NP (PP to (NP the south )NP )PP )NP )NP )PP )VP )NP )VP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP will (VP (VP take (NP several weeks )NP (S (VP to (VP repair (NP the bridge )NP )VP )VP )S )VP , and (VP (NP several months )NP (S (VP to (VP repair (NP (NP some )NP (PP of (NP the 101 *UNK )NP )PP )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S But (PP in (NP (NP *UNK )NP (PP of (NP a *UNK- *UNK )NP )PP )NP )PP , (NP *UNK )NP (ADVP never )ADVP (VP *UNKED , (SBAR (ADVP mainly )ADVP because (S (NP the Bay Area *UNKC *UNKC *UNK system )NP (VP carried (NP (NP (ADJP (NP 50 % )NP more )ADJP passengers )NP (PP than (ADJP normal )ADJP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP (NP the first time )NP (PP in (NP memory )NP )PP )NP )PP , (NP it )NP (VP was (NP (NP *UNK- )NP (ADVP only )ADVP )NP (PP in (NP (NP *UNKC 's )NP *UNK , modern *UNK )NP )PP )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP (NP the two main bridges )NP (VP (ADVP still )ADVP *UNKING (NP San Francisco )NP (PP with (NP the East Bay )NP )PP )VP )NP (VP did n't (VP charge (NP *UNK )NP , (S (VP allowing (S (NP traffic )NP (VP to (VP *UNK (PRT through )PRT (PP without (S (VP *UNKING )VP )S )PP )VP )VP )S )VP )S )VP )VP . )S  STOP
(S (NP Officials )NP (ADVP also )ADVP (VP suspect (SBAR (SBAR that (S (NP traffic )NP (VP benefited (PP from (NP (NP steps )NP (PP by (NP major employers )NP )PP (SBAR (S (VP to (VP get (S (NP workers )NP (VP to (VP come (ADVP in )ADVP (PP at (NP odd hours )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )S )SBAR , or (SBAR that (S (NP many workers )NP (VP are (ADVP still )ADVP (VP *UNKING (PP at (NP home )NP )PP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP (NP Many commuters )NP (SBAR (WHNP who )WHNP (S (ADVP normally )ADVP (VP drove (PP across (NP (NP the Bay Bridge )NP , (SBAR (WHNP which )WHNP (S (VP is (VP shut (PRT down )PRT (PP for (NP several weeks )NP )PP (PP because of (NP (NP damage )NP (PP to (NP one *UNK )NP )PP )NP )PP )VP )VP )S )SBAR , )NP )PP )VP )S )SBAR )NP (ADVP actually )ADVP (VP may (VP have (VP reached (NP work )NP (ADVP (NP a bit )NP faster )ADVP (PP on (NP *UNKC )NP )PP (NP yesterday )NP , (PP provided (SBAR (S (NP they )NP (VP could (VP find (NP a parking space )NP (PP at (NP (NP the system 's )NP *UNKED stations )NP )PP )VP )VP )S )SBAR )PP )VP )VP )VP . )S  STOP
(S (PP In (NP (NP the best )NP (PP of (NP times )NP )PP )NP )PP , (NP the Bay Bridge )NP (VP is (NP (NP the worst *UNK )NP (PP in (NP the region )NP )PP )NP , (S (ADVP often )ADVP (VP experiencing (NP (NP *UNK- )NP (PP of (NP (QP 20 to 30 )QP minutes (QP or more )QP )NP )PP )NP )VP )S )VP . )S  STOP
(SBAR Not that (S (S (VP getting (PP into (NP town )NP )PP )VP )S (VP was (ADJP easy )ADJP )VP )S . )SBAR  STOP
(S (S (NP *UNKC *UNKING )NP (VP caused (NP (NP *UNK- )NP (PP on (NP the freeway )NP )PP )NP )VP )S , and (S (NP many commuters )NP (VP had (S (VP to (VP find (NP (NP *UNK )NP (PP to (NP (NP *UNKC 's )NP stations )NP )PP )NP , (SBAR because (S (NP parking lots )NP (VP were (ADJP full )ADJP (PP before (NP *UNK )NP )PP )VP )S )SBAR )VP )VP )S )VP )S . )S  STOP
(S (NP *UNKC schedules )NP (VP were (ADVP sometimes )ADVP (PP in (NP disarray )NP )PP , (S (VP *UNKING (NP (NP commuters )NP (PP such as (NP *UNKC Sullivan )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP (NP Her *UNK )NP (PP from (NP (NP *UNKC )NP , (NP Calif. )NP , )NP )PP )NP (ADVP normally )ADVP (VP takes (NP (QP an hour and 15 )QP minutes )NP , (PP via (NP (NP the Golden *UNKC Bridge )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP San Francisco )NP (PP with (NP the North Bay area )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Yesterday )NP , (NP she )NP (VP was (ADVP still )ADVP (VP waiting (PP at (NP a bus stop )NP )PP (PP after (NP three hours )NP )PP , (S (VP trying (S (VP to (VP transfer (PP to (NP (NP a bus )NP (VP going (PP to (NP the financial district )NP )PP )VP )NP )PP )VP )VP )S )VP )S )VP )VP . )S  STOP
(S `` (S (NP It )NP (VP 's (ADJP (ADJP worse )ADJP (SBAR than (S (NP I )NP (VP thought )VP )S )SBAR )ADJP )VP )S , '' (NP she )NP (VP said )VP . )S  STOP
(S `` (NP I )NP (VP do n't (VP know (SBAR (WHADVP where )WHADVP (S (NP all the *UNK )NP (VP are )VP )S )SBAR )VP )VP . '' )S  STOP
(S But (SBAR while (S (NP traffic )NP (VP was (ADJP heavy )ADJP (PP (ADVP early )ADVP in (NP (NP the *UNK )NP (PP over (NP the Golden *UNKC )NP )PP )NP )PP , (PP by (NP 8 a.m. )NP )PP )VP )S )SBAR (NP it )NP (ADVP already )ADVP (VP had (VP *UNKED (PRT out )PRT )VP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's (NP (NP (NP one )NP (PP of (NP the *UNK *UNK )NP )PP )NP (SBAR (S (NP I )NP (VP 've (ADVP ever )ADVP (VP had )VP )VP )S )SBAR )NP )VP )S , '' (VP said )VP (NP (NP Charles *UNKC )NP , (NP (NP an insurance broker )NP (PP on (NP (NP the bus )NP (PP from (NP (NP *UNKC Valley )NP (PP in (NP *UNKC County )NP )PP )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP It )NP (VP looks (PP like (NP a holiday )NP )PP )VP . )S  STOP
(S (NP I )NP (VP think (SBAR (S (NP (NP a lot )NP (PP of (NP people )NP )PP )NP (VP (VP got (ADJP scared )ADJP )VP and (VP stayed (NP home )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (ADVP However )ADVP , (NP (NP a spokeswoman )NP (PP for (NP BankAmerica Corp. )NP )PP )NP (VP said (SBAR (S (NP (NP (NP yesterday 's )NP *UNK )NP (PP at (NP the bank holding company )NP )PP )NP (VP was (ADJP no greater (PP than (PP on (NP an average day )NP )PP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (PP At (NP (NP the San *UNKC Bridge )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP the San Francisco *UNK )NP (PP with (NP the East Bay )NP )PP )VP )S )SBAR , )NP )PP (NP police )NP (VP were (VP surprised (PP at (NP (NP the speed )NP (SBAR (WHPP with (WHNP which )WHNP )WHPP (S (NP traffic )NP (VP moved )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP Everybody )NP (VP (VP (ADVP pretty much )ADVP *UNKED (PRT in )PRT )VP and (VP *UNKED )VP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a *UNK )NP (PP with (NP the California *UNKC *UNKC )NP )PP )NP )NP . )SINV  STOP
(S (NP There )NP (VP were (NP many indications (SBAR that (S (NP (NP the new work hours )NP (VP implemented (PP by (NP major corporations )NP )PP )VP )NP (VP played (NP a big role )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The Golden *UNKC )NP (VP (VP handled (NP (NP as many cars )NP (PP as (ADVP normally )ADVP )PP )NP (NP yesterday )NP )VP , but (VP (PP over (NP (NP four hours )NP (PP rather than (NP the usual *UNK- crush )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC Group Inc. )NP , (NP the giant (ADJP closely held )ADJP engineering concern )NP , )NP (VP says (SBAR (S (NP it )NP (VP has (VP instituted (NP (NP a (NAC 6 a.m. (PP to (NP 8 p.m. )NP )PP )NAC *UNK arrangement )NP , (SBAR (WHADVP *UNK )WHADVP (S (NP employees )NP (VP may (VP select (NP (NP any *UNK- period )NP (PP during (NP those hours )NP )PP (SBAR (S (VP to (VP go (PP to (NP work )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Of (NP (NP *UNKC 's )NP *UNKN employees )NP )PP , (NP (NP (QP about 4,000 )QP )NP )NP (VP work (PP in (NP San Francisco )NP )PP )VP -- (S (NP (NP one-third )NP (PP of (NP them )NP )PP )NP (VP *UNKING (PP from (NP *UNK East Bay )NP )PP )VP )S . )S  STOP
(S (NP Pacific Gas & Electric Co. )NP (VP is (VP offering (NP its 6,000 San Francisco employees )NP (NP (NP a *UNK- *UNK schedule )NP -- (NP either (NP (NP 6 a.m. )NP (PP to (NP 2 p.m. )NP )PP )NP or (NP (NP 10 a.m. )NP (PP to (NP 6 *UNK )NP )PP )NP )NP )NP )VP )VP . )S  STOP
(S (S (NP The *UNK )NP (VP may (VP cut (PP by (NP almost a third )NP )PP (NP (NP the number )NP (PP of (NP *UNKC employees )NP )PP (VP working (NP conventional *UNKN hours )NP )VP )NP )VP )VP )S , (NP a spokesman )NP (VP says )VP . )S  STOP
(S (NP (NP Some )NP (PP of (NP (NP the utility 's )NP employees )NP )PP )NP (VP may (VP *UNK (PP for (NP (NP a *UNK- *UNK )NP , (NP (NP 10 hours )NP (NP a day )NP )NP , )NP )PP (S (VP to (VP cut (NP the *UNK )NP (PP by (NP 20 % )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (S (PP At (NP Pacific *UNKC Group )NP )PP , (NP *UNK )NP (VP is (VP left (PP up (PP to (NP individual working groups )NP )PP )PP , (SBAR because (S (NP (NP some )NP (PP of (NP (NP the telephone company 's )NP employees )NP )PP )NP (VP must (VP be (ADVP *UNK- )ADVP (PP during (NP normal business hours )NP )PP )VP )VP )S )SBAR )VP )VP )S , (NP a spokeswoman )NP (VP says )VP . )S  STOP
(S (NP Some individuals )NP (VP went (PP to (NP (NP some *UNK )NP (PP on (NP their own )NP )PP )NP )PP (S (VP to (VP avoid (NP the anticipated *UNK )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP One senior vice president )NP (PP at (NP *UNKC )NP )PP )NP (VP said (SBAR (S (NP he )NP (VP got (PRT up )PRT (PP at (NP 3 a.m. )NP )PP (S (VP to (VP drive (PP into (NP San Francisco )NP )PP (PP from (NP the East Bay )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S But (NP transportation officials )NP (VP worry (SBAR that (S (NP such extraordinary measures and cooperation )NP (VP may not (VP last )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Although (S (NP one transportation official )NP (VP said (SBAR (S (NP (NP drivers )NP (SBAR (WHNP who )WHNP (S (VP did n't (VP use (NP car *UNK )NP )VP )VP )S )SBAR )NP (VP were (VP *UNKING `` (NP an *UNK- act )NP )VP )VP )S )SBAR )VP )S )SBAR , '' (NP (NP (QP about two-thirds )QP )NP (PP of (NP (NP the *UNK )NP (VP *UNKING (NP the Golden *UNKC )NP )VP )NP )PP )NP (VP were (ADVP alone )ADVP , (PP compared (PP with (NP the normal (ADJP 70 % )ADJP rate )NP )PP )PP )VP . )S  STOP
(S And (NP (NP some commuters )NP , (VP *UNKED (PP by (NP (NP the absence )NP (PP of (NP gridlock )NP )PP )NP )PP )VP , )NP (VP were (VP planning (S (VP to (VP return (PP to (NP their old ways )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP *UNKC Kasparov )NP (VP (VP went (PP to (NP combat )NP )PP (NP Sunday )NP (PP with (NP (NP the world 's )NP (ADJP most advanced )ADJP *UNK computer )NP )PP )VP and (VP *UNKED (NP it )NP (ADVP around )ADVP (PRN -- (ADVP *UNKLY )ADVP , (ADVP anyway )ADVP -- )PRN (PP like (NP an old *UNK can )NP )PP )VP )VP . )S  STOP
(S (S (VP *UNKING (NP black )NP (PP in (NP the first game )NP )PP )VP )S , (NP the human *UNK )NP (VP *UNKED (NP (NP *UNKC *UNKC )NP , (VP known (PP for (NP its *UNKING *UNK )NP )PP )VP , )NP (PP into (NP a (ADJP totally *UNK )ADJP position )NP )PP )VP . )S  STOP
(S (ADVP Then )ADVP (NP he )NP (VP *UNKED (NP his own , *UNK , attack )NP )VP . )S  STOP
(S And (PP in (NP (NP the second game )NP , (PP with (S (NP Mr. Kasparov )NP (VP advancing (ADVP *UNKLY )ADVP (PP as (NP white )NP )PP )VP )S )PP , )NP )PP (NP D.T. )NP (VP (VP offered (NP *UNK resistance )NP )VP and (VP lost (ADVP even faster )ADVP )VP )VP . )S  STOP
(S (INTJ Well )INTJ , (NP *UNK )NP (VP can (VP rest (ADVP easier )ADVP (PP for (ADVP now )ADVP )PP )VP )VP . )S  STOP
(S (SBAR Though (S (NP (NP almost everybody )NP (PP at (NP the playing site )NP )PP )NP (VP had (VP been (VP looking (SBAR for (S (NP the *UNK- Soviet )NP (VP to (VP beat (NP the *UNKED computer )NP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR , (NP he )NP (VP gave (NP the machine )NP (NP (NP a (ADJP far worse )ADJP *UNKING )NP (SBAR than (S (NP many )NP (VP expected )VP )S )SBAR )NP )VP . )S  STOP
(S And (SBAR (WHADVP when )WHADVP (S (NP Mr. Kasparov )NP (VP *UNK (PP into (NP the playing *UNK )NP )PP )VP )S )SBAR , (NP he )NP (VP called (NP the outcome )NP )VP . )S  STOP
(S (SBAR As if (S (NP he )NP (VP were (NP (NP Iron Mike )NP , (VP about (S (VP to (VP enter (NP the ring )NP (PP with (NP a *UNK- *UNKING )NP )PP )VP )VP )S )VP )NP , )VP )S )SBAR (NP he )NP (VP declared : `` (S (NP I )NP (VP 'll (VP be (ADJP able (S (VP to (VP beat (NP any computer )NP (PP for (NP the next five years )NP )PP )VP )VP )S )ADJP )VP )VP )S )VP . '' )S  STOP
(S (NP (NP His strategy )NP (PP against (NP D.T. )NP )PP )NP (VP was (VP based (PP on (NP (NP a *UNK study )NP (PP of (NP (NP (NP dozens )NP (PP of (NP its games )NP )PP )NP (PRN , (S (NP he )NP (VP said )VP )S , )PRN (PP including (NP (NP its *UNK *UNK )NP (PP of (NP (NP the *UNK )NP (NP (NP (NP *UNKC Larsen )NP (PP of (NP *UNKC )NP )PP )NP and (NP (NP Robert *UNKC )NP (PP of (NP the U.S. )NP )PP )NP )NP )NP )PP )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Mr. Kasparov )NP (VP was (VP *UNKED )VP )VP . )S  STOP
(S (S `` (NP (NP The computer 's )NP mind )NP (VP is (ADJP (ADJP too straight )ADJP , (ADJP too *UNK )ADJP )ADJP , '' (S (VP *UNKING (NP (NP the *UNK and *UNK )NP (VP needed (S (VP to (VP reach (NP the top )NP )VP )VP )S )VP )NP )VP )S )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (NP The champion )NP (ADVP apparently )ADVP (VP was not (VP worried (ADVP at all )ADVP (PP about (NP (NP D.T. 's )NP strong points )NP )PP )VP )VP . )S  STOP
(S (NP (NP Its chief *UNK )NP , (NP *UNKC *UNKC *UNKC )NP , )NP (VP *UNKED (S (NP his *UNK )NP `` (NP the *UNKC )NP '' )S (PP for (NP (NP its *UNK *UNK )NP (PP at (S (VP *UNKING (PP out (PP of (NP *UNK positions )NP )PP )PP )VP )S )PP )NP )PP )VP . )S  STOP
(S (NP D.T. )NP (VP (VP (ADVP also )ADVP has (NP a *UNK and *UNK memory )NP )VP , (VP is (ADJP *UNKLY *UNK )ADJP )VP , and (VP could n't (VP be (VP *UNKED (PP by (NP (NP the *UNK *UNK *UNK )NP (VP spread (PP around (NP (NP the playing *UNK , )NP (PP in (NP (NP the New York *UNKC )NP (PP of (NP Art )NP )PP )NP )PP )NP )PP )VP )NP )PP )VP )VP )VP )VP . )S  STOP
(S (PP In (NP fact )NP )PP , (NP D.T. )NP (VP (VP (ADVP never )ADVP left (NP (NP home )NP , (NP (NP *UNKC Mellon University )NP (PP in (NP Pittsburgh )NP )PP )NP , )NP )VP but (VP *UNKED (PP with (NP its human *UNK )NP )PP (PP by (NP telephone link )NP )PP )VP )VP . )S  STOP
(S (S (NP They )NP (VP conceded (SBAR that (S (NP the odds )NP (VP favored (NP Mr. Kasparov )NP )VP )S )SBAR )VP )S , but (S (NP they )NP (VP put (NP their hope )NP (PP in (NP (NP (NP D.T. 's )NP (ADJP recently enhanced )ADJP capacity )NP (PP for (S (VP *UNKING (NP (NP positions )NP )NP -- (PP up (PP to (NP (NP (QP a million )QP )NP (PP per (NP second )NP )PP )NP )PP )PP , (PP from (NP *UNKN )NP )PP )VP )S )PP )NP )PP )VP )S . )S  STOP
(S But (S (NP the *UNK )NP (VP (ADVP *UNKLY )ADVP stuck (PP with (NP *UNK chips )NP )PP )VP )S ; (S (NP they )NP (VP needed (NP *UNK )NP )VP )S . )S  STOP
(S (NP This )NP (VP became (ADJP apparent )ADJP (SBAR as (S (NP (NP game one )NP , (NP (NP a *UNKC Defense )NP (PP by (NP Mr. Kasparov )NP )PP )NP , )NP (VP *UNKED )VP )S )SBAR )VP . )S  STOP
(S (S (NP No human )NP (VP can (VP examine (NP (NP millions )NP (PP of (NP moves )NP )PP )NP )VP )VP )S , but (S (NP (NP Mr. Kasparov )NP , (VP using (NP his (ADJP *UNKLY powerful )ADJP brain )NP )VP , )NP (VP (ADVP consistently )ADVP found (NP (ADJP very good )ADJP ones )NP )VP )S . )S  STOP
(S (PP After (NP (NP eight moves )NP (PP by (NP each side )NP )PP )NP )PP , (NP the board )NP (VP was (NP (NP the same )NP (PP as (PP in (NP (NP a game )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP (NP Nigel Short )NP (PP of (NP Great Britain )NP )PP )NP (VP fought (NP the champion )NP (PP to (NP a draw )NP )PP (PP in (NP 1980 )NP )PP )VP )S )SBAR )NP )PP )PP )NP )VP . )S  STOP
(S But (S (NP the computer )NP (VP did n't (VP play (NP (NP (NP Mr. Short 's )NP *UNK move )NP , (NP a key *UNK *UNK )NP , )NP )VP )VP )S and (S (NP its position )NP (VP *UNKED (ADVP rapidly )ADVP )VP )S . )S  STOP
(S (S (PP Instead of (NP (S (VP *UNKING )VP )S , (NP (NP a standard measure )NP (SBAR (S (VP to (VP *UNK (NP the king )NP )VP )VP )S )SBAR )NP , )NP )PP (NP D.T. )NP (VP made (NP a *UNK- *UNK maneuver )NP (PP at (NP move 13 )NP )PP )VP )S ; (S (ADVP then )ADVP (NP it )NP (VP put (NP a knight )NP (ADVP *UNK )ADVP (PP on (NP move 16 )NP )PP )VP )S . )S  STOP
(SINV `` (S (NP (NP (NP (QP Only two )QP classes )NP (PP of (NP minds )NP )PP )NP )NP (VP would (VP think (PP of (NP this )NP )PP )VP -- (NP (NP (ADJP very weak )ADJP human players )NP , and (NP computers )NP )NP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP the expert *UNK )NP (PP for (NP (NP the match )NP , (SBAR (WHNP which )WHNP (S (VP was (VP attended (PP by (NP (NP hundreds )NP (PP of (NP *UNK fans )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )NP . )SINV  STOP
(S (PP By (NP move 21 )NP )PP , (NP D.T. )NP (VP had (VP fallen (PP into (NP a deep *UNK *UNK )NP )PP )VP )VP . )S  STOP
(S (NP It )NP (VP allowed (S (NP Mr. Kasparov )NP (VP to (VP exchange (NP his *UNKED *UNK )NP (PP for (NP (NP one )NP (PP of (NP (NP D.T. 's )NP *UNK )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (S (NP *UNKC )NP (ADVP usually )ADVP (VP are (ADJP worth (NP (NP slightly more )NP (PP than (NP *UNK )NP )PP )NP )ADJP )VP )S , but (S (PP in (NP this case )NP )PP (S (NP Mr. Kasparov )NP (VP was (VP left (PP with (NP a (ADJP very dangerous )ADJP knight )NP )PP )VP )VP )S and (S (NP (NP D.T. 's )NP *UNKING *UNK )NP (VP was (VP reduced (PP to (NP *UNK )NP )PP )VP )VP )S )S . )S  STOP
(S (ADVP Indeed )ADVP , (NP it )NP (VP looked (PP (ADVP more )ADVP like (NP (NP a *UNK )NP , (NP a `` tall *UNK )NP )NP )PP , '' (SBAR as (S (NP *UNK )NP (VP (ADVP *UNKLY )ADVP put (NP it )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP D.T. )NP (VP was (ADJP *UNK- (PP about (NP (NP its chances )NP , (SBAR (WHNP which )WHNP (S (NP it )NP (ADVP *UNKLY )ADVP (VP *UNKED (PRT up )PRT , (PP in (NP *UNK form )NP )PP )VP )S )SBAR )NP )PP )ADJP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP most *UNK )NP (VP thought (S (NP its position )NP (ADJP *UNK )ADJP )S )VP )S )SBAR , (NP the computer )NP (VP thought (SBAR (S (NP it )NP (VP was (ADVP only )ADVP , (PP in (NP effect )NP )PP , (ADVP (NP (NP *UNK- )NP (PP of (NP a *UNK )NP )PP )NP down )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP Such *UNK )NP (VP (VP met (PP with (NP *UNK )NP )PP )VP , and (VP kept (NP the machine )NP (PP from (S (VP resigning (ADVP (ADVP as soon )ADVP (SBAR as (S (NP humans )NP (VP would (VP have )VP )VP )S )SBAR )ADVP )VP )S )PP )VP -- (S (VP prompting (NP more *UNK )NP )VP )S )VP . )S  STOP
(S (SBAR While (S (NP D.T. )NP (VP *UNKED (NP its king )NP (ADVP (ADVP back )ADVP and (ADVP *UNK )ADVP )ADVP (PP in (NP a defensive *UNK )NP )PP )VP )S )SBAR , (NP Mr. Kasparov )NP (VP *UNKED (NP the knight )NP (PP to (NP a dominant *UNK )NP )PP )VP . )S  STOP
(S (NP He )NP (ADVP also )ADVP (VP launched (NP a *UNK storm )NP , (S (VP *UNKING (NP a *UNK )NP (S (VP to (VP *UNK (NP (NP D.T. 's )NP king )NP )VP )VP )S )VP )S )VP . )S  STOP
(S (NP (NP No amount )NP (PP of (NP *UNKING )NP )PP )NP (VP could (VP have (VP *UNKED (NP this game )NP (PP for (NP *UNKC )NP )PP )VP )VP )VP . )S  STOP
(S (S (ADVP (NP A piece )NP down )ADVP )S , (NP the computer )NP (VP resigned )VP . )S  STOP
(S (ADVP Now )ADVP , (PP with (S (NP (NP the crowd )NP (PP in (NP the analysis room )NP )PP )NP (VP *UNKING (NP *UNK blood )NP )VP )S )PP , (NP the only question )NP (VP seemed (S (VP to (VP be (SBAR (WHADVP how fast )WHADVP (S (NP Mr. Kasparov )NP (VP could (VP win (NP game two )NP )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (PP With (NP (NP the advantage )NP (PP of (S (VP playing (NP (NP white )NP (PRN -LRB- (SBAR (WHNP which )WHNP (S (VP moves (ADVP first )ADVP )VP )S )SBAR -RRB- )PRN )NP )VP )S )PP )NP )PP , (NP Mr. Kasparov )NP (VP followed (PRT up )PRT (ADVP *UNKLY )ADVP (PP against (NP (NP (NP the computer 's )NP defense )NP , (NP (NP a *UNKC 's )NP *UNKC Accepted )NP )NP )PP )VP . )S  STOP
(S (ADVP (ADVP As early )ADVP (PP as (NP move six )NP )PP )ADVP , (NP Mr. Kasparov )NP (VP *UNKED (PP from (NP (NP a well-known *UNK )NP (PP of (NP moves )NP )PP )NP )PP , (S (VP (VP developing (NP a knight )NP )VP (CONJP instead of )CONJP (VP making (NP (NP a standard *UNK attack )NP (PP against (NP (NP the computer 's )NP advanced knight )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (S (NP This )NP (VP left (NP the computer )NP (PP with (NP (NP a broader range )NP (PP of (NP *UNK *UNK )NP )PP )NP )PP )VP )S -- and (S (NP it )NP (ADVP immediately )ADVP (VP *UNKED (PP by (S (VP moving (NP a *UNK pawn )NP , (PP to (NP (NP the *UNK )NP (PP of (NP *UNK development )NP )PP )NP )PP )VP )S )PP )VP )S . )S  STOP
(S `` (S (PP In (NP a new position )NP )PP (PP (ADVP just )ADVP after (NP the opening )NP )PP , (NP a computer )NP (VP will (VP have (NP serious problems )NP )VP )VP )S , '' (NP Mr. Kasparov )NP (VP said (ADVP later )ADVP )VP . )S  STOP
(S (PP In (NP such positions )NP )PP (PRN , (S (NP he )NP (VP explained )VP )S , )PRN `` (S (NP you )NP (VP have (S (VP to (VP create (NP (NP something )NP (ADJP new )ADJP )NP )VP )VP )S )VP )S , and (S (NP the computer )NP (VP is n't (ADJP able (S (VP to (VP do (NP that )NP (ADVP right now )ADVP )VP )VP )S )ADJP )VP )S . '' )S  STOP
(S (PP After (NP (NP (QP only 11 )QP moves )NP (PP for (NP each side )NP )PP )NP )PP , (NP (NP the computer 's )NP position )NP (VP was (ADJP shaky )ADJP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP it )NP (VP *UNKED (NP a pawn )NP , (PP at (NP (NP the cost )NP (PP of (S (VP facing (NP a *UNK attack )NP )VP )S )PP )NP )PP )VP . )S  STOP
(S And (SBAR (WHADVP when )WHADVP (S (NP a defensive move )NP (VP was (VP called (PP for )PP )VP )VP )S )SBAR , (NP D.T. )NP (VP (VP passed (PRT up )PRT (NP an obvious pawn move )NP )VP and (VP (ADVP instead )ADVP exposed (NP its *UNK )NP (PP to (NP immediate *UNK threats )NP )PP )VP )VP . )S  STOP
(S (NP Mr. Kasparov )NP (VP *UNKED (ADVP later )ADVP (SBAR that (S `` (NP even a weak club player )NP '' (VP would (VP have (VP avoided (NP the *UNK move )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Now )ADVP , (PP after (NP (QP only a dozen )QP moves )NP )PP , (NP *UNK )NP (VP were (VP looking (PP for (NP a *UNKING combination )NP )PP )VP )VP . )S  STOP
(S (S (PP On (NP a demonstration board )NP )PP , (NP *UNK *UNKC *UNKC )NP (VP showed (NP (NP a quick kill )NP (VP initiated (PP by (NP a knight *UNK )NP )PP )VP )NP )VP )S ; (S (NP no *UNK )NP (VP *UNKED (NP (NP this line )NP (PP of (NP play )NP )PP )NP )VP )S . )S  STOP
(S (NP (NP Mr. Kasparov 's )NP *UNK )NP (VP was (ADJP slower )ADJP )VP but (VP (PRN , (PP in (NP the end )NP )PP , )PRN (PP just as (ADJP *UNKLY )ADJP )PP )VP . )S  STOP
(S (NP He )NP (VP won (NP (NP D.T. 's )NP *UNK )NP (PP for (NP (NP (NP two minor pieces )NP and (NP two *UNK )NP )NP -- (NP (NP not enough compensation )NP (PRN , (PP in (NP this position )NP )PP , )PRN (SBAR (S (VP to (VP give (NP the computer )NP (NP much hope )NP )VP )VP )S )SBAR )NP )NP )PP )VP . )S  STOP
(S (PP In (NP a *UNK position )NP )PP , (NP the computer )NP (VP (VP resigned )VP (CONJP rather than )CONJP (VP make (NP its *UNK move )NP )VP )VP . )S  STOP
(S And (NP Mr. Kasparov )NP (PRN , (PP to (NP *UNK and *UNK )NP )PP , )PRN (VP *UNKED (ADVP back )ADVP (PP into (NP the analysis room )NP )PP )VP . )S  STOP
(S `` (S (PP In (NP both games )NP )PP (NP I )NP (VP got (SBAR (WHNP exactly what )WHNP (S (NP I )NP (VP wanted )VP )S )SBAR )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (NP he )NP (VP had (VP demonstrated )VP )VP )S )SBAR (PRN , (S (NP he )NP (VP added )VP )S , )PRN (VP is (SBAR that (S (NP there )NP (VP 's (NP (NP more )NP (PP to (NP *UNK )NP )PP (PP than (NP *UNK *UNK )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (ADJP *UNKED )ADJP , (NP (NP D.T. 's )NP *UNK )NP (VP vowed (S (VP to (VP press (ADVP on )ADVP )VP )VP )S )VP . )S  STOP
(S (ADVP Indeed )ADVP , (NP (NP three )NP (PP of (NP them )NP )PP )NP (VP will (VP be (VP building (NP a successor machine )NP (PP for (NP International Business Machines Corp )NP )PP )VP )VP )VP . )S  STOP
(SINV *UNKC (NP *UNKC *UNKC )NP : `` (S (PP In (NP three years )NP )PP (NP we )NP (VP 'll (VP mount (NP a better challenge )NP )VP )VP )S . '' )SINV  STOP
(S (NP Mr. *UNKC )NP (VP is (NP (NP a reporter )NP (PP in (NP (NP the Journal 's )NP New York bureau )NP )PP )NP )VP . )S  STOP
(S (S (VP *UNKING (PP for (NP (NP that extra bit )NP (PP of (NP yield )NP )PP )NP )PP )VP )S (VP can (VP be (NP a big mistake )NP -- (SBAR (ADVP especially )ADVP if (S (NP you )NP (VP do n't (VP understand (SBAR (WHNP what )WHNP (S (NP you )NP (VP 're (VP investing (PP in )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (VP (ADVP Just )ADVP ask (NP (NP Richard Blumenfeld )NP , (NP (NP a New Jersey *UNK )NP (SBAR (WHNP who )WHNP (S (VP considers (S (NP himself )NP `` (NP a (ADJP reasonably sophisticated )ADJP investor )NP )S )VP )S )SBAR )NP )NP )VP . '' )S  STOP
(S (PP In (NP May 1986 )NP )PP , (NP Dr. Blumenfeld )NP (VP gave (NP Merrill Lynch & Co. )NP (NP (NP (QP about $ 40,000 )QP )NP (PP for (NP (NP (NP a (ADJP federally insured )ADJP certificate )NP (PP of (NP deposit )NP )PP )NP (VP offering (NP (NP an effective yield )NP (PP of (NP (QP more than 9 )QP % )NP )PP )NP )VP )NP )PP )NP )VP . )S  STOP
(S `` (S (NP It )NP (VP was (NP (NP a time )NP (SBAR (WHADVP when )WHADVP (S (NP interest rates )NP (VP came (ADVP down )ADVP (ADVP very rapidly )ADVP )VP )S )SBAR )NP )VP )S , '' (NP Dr. Blumenfeld )NP (VP recalls )VP . )S  STOP
(S (S (NP (NP Yields )NP (PP on (NP five-year CDs )NP )PP (PP at (NP major banks )NP )PP )NP (VP were (VP *UNKING (NP (QP about *UNKN )QP % )NP )VP )VP )S , and (S (NP 10-year Treasury notes )NP (VP were (VP paying (NP (QP less than 8 )QP % )NP )VP )VP )S . )S  STOP
(S (NP The CD )NP (VP seemed (PP like (NP a great deal )NP )PP )VP . )S  STOP
(S But (ADVP (NP nearly (QP 3 1\/2 )QP years )NP later )ADVP , (NP Merrill )NP (VP says (SBAR (S (NP the investment )NP (VP is (ADJP worth (NP (NP (QP about $ *UNKN )QP )NP -- (NP (NP an amount )NP (SBAR (WHNP that )WHNP (S (VP represents (NP (NP an annual return )NP (PP of (NP (QP just over 2 )QP % )NP )PP (PP on (NP (NP Dr. Blumenfeld 's )NP $ 40,000 )NP )PP )NP )VP )S )SBAR )NP )NP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP The problem )NP (VP is (SBAR that (S (NP (NP the CD )NP (SBAR (S (NP he )NP (VP bought (PP for (NP a retirement plan )NP )PP )VP )S )SBAR )NP (VP was n't (NP a (ADJP plain *UNK )ADJP CD )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Instead )ADVP , (NP his Merrill broker )NP (VP put (NP him )NP (PP in (NP (NP a zero-coupon CD )NP , (SBAR (WHNP which )WHNP (S (VP is (VP sold (PP at (NP (NP a deep discount )NP (PP to (NP its face value )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP The difference )NP (PP between (NP (NP the price )NP and (NP (NP the face value )NP (ADJP payable (PP at (NP maturity )NP )PP )ADJP )NP )NP )PP )NP (VP is (NP (NP the investor 's )NP return )NP )VP . )S  STOP
(S (ADJP More important )ADJP , (NP the CD )NP (VP was (VP purchased (PP on (NP the (UCP secondary , or *UNK , )UCP market )NP )PP )VP )VP . )S  STOP
(S (SBAR Because (S (S (NP the CD )NP (VP had (NP (NP an effective yield )NP (PP of (NP *UNKN % )NP )PP )NP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP was (VP issued (PP in (NP 1984 )NP )PP )VP )VP )S )SBAR )VP )S , and (S (NP (NP interest rates )NP (PP in (ADJP general )ADJP )PP )NP (VP had (VP declined (ADVP sharply )ADVP (PP since (NP then )NP )PP )VP )VP )S )S )SBAR , (NP (NP part )NP (PP of (NP (NP the price )NP (SBAR (S (NP Dr. Blumenfeld )NP (VP paid )VP )S )SBAR )NP )PP )NP (VP was (NP (NP a premium )NP -- (NP (NP (NP an additional amount )NP (PP on (NP (NP top )NP (PP of (NP (NP the CD 's )NP base value )NP )PP )NP )PP )NP plus (NP accrued interest )NP )NP (SBAR (WHNP that )WHNP (S (VP represented (NP (NP the CD 's )NP increased market value )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (ADVP Now )ADVP (NP (NP the thrift )NP (SBAR (WHNP that )WHNP (S (VP issued (NP the CD )NP )VP )S )SBAR )NP (VP is (ADJP insolvent )ADJP )VP )S , and (S (NP Dr. Blumenfeld )NP (VP has (VP learned (PP to (NP his surprise )NP )PP (SBAR that (S (NP the premium )NP (VP is n't (VP insured (PP under (NP federal deposit insurance )NP )PP )VP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (NP The *UNK- )NP (VP came (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP (VP opened (NP a recent Merrill Lynch statement )NP )VP and (VP found (SBAR that (S (NP (NP the CD 's )NP `` estimated current market value '' )NP (VP had (VP plummeted (PP by (NP $ *UNKN )NP )PP (PP in (NP a month )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP (NP (NP Several phone calls )NP and (NP (NP a visit )NP (PP to (NP (NP his broker 's )NP office )NP )PP )NP )NP later )ADVP , (NP the *UNK )NP (VP found (PRT out )PRT (SBAR (SBAR that (S (NP the (ADJP $ *UNKN )ADJP drop )NP (VP represented (NP (NP the current value )NP (PP of (NP (NP the premium )NP (SBAR (S (NP he )NP (VP paid (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP bought (NP the CD )NP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )VP )S )SBAR , and (SBAR that (S (NP the amount )NP (VP was n't (VP insured )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S `` (S (NP This )NP (VP is (NP (NP one thing )NP (SBAR (S (NP I )NP (VP was (ADVP never )ADVP (ADJP aware (PP of )PP )ADJP )VP )S )SBAR )NP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (S (NP He )NP (VP assumed (SBAR that (S (NP principal and interest )NP (VP were `` (VP (ADVP fully )ADVP insured (PP up (PP to (NP $ 100,000 )NP )PP )PP )VP )VP )S )SBAR )VP )S , '' (NP he )NP (VP adds )VP . )S  STOP
(S (NP Dr. Blumenfeld )NP (VP is n't (ADJP *UNK )ADJP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP (PP at (NP (NP times )NP (PP like (NP these )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP declining rates )NP (VP make (S (NP (NP it )NP )NP (ADJP hard )ADJP (SBAR for (S (NP investors )NP (VP to (VP get (NP (NP yields )NP (SBAR (S (NP they )NP (VP have (VP come (S (VP to (VP expect )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )S )VP )S )SBAR )NP )PP , (NP (ADJP too many )ADJP people )NP (VP *UNK (NP (NP the promise )NP (PP of (NP *UNK- returns )NP )PP )NP (PP without (S (VP (ADVP fully )ADVP *UNKING (NP the risk )NP )VP )S )PP )VP . )S  STOP
(SINV `` (S (NP *UNKC *UNKED )NP (ADVP often )ADVP (VP gets (PP in (NP (NP the way )NP (PP of (S (VP understanding (NP things )NP )VP )S )PP )NP )PP )VP )S , '' (VP says )VP (NP (NP John *UNKC )NP , (NP (NP research director )NP (PP of (NP (NP (NP the American Association )NP (PP of (NP Individual Investors )NP )PP )NP , (NP a Chicago-based educational group )NP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP (NP The biggest problem )NP (SBAR (S (NP we )NP (VP have )VP )S )SBAR )NP (VP is (SBAR that (S (NP investors )NP (VP realize , (PP after (NP the fact )NP )PP , (SBAR that (S (NP they )NP (VP did n't (VP understand (SBAR (WHNP what )WHNP (S (NP they )NP (VP were (VP investing (PP in )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (NP Dr. Blumenfeld )NP (VP concedes (SBAR (S (NP he )NP (VP did n't (VP (ADVP fully )ADVP understand (SBAR (WHNP what )WHNP (S (NP he )NP (VP was (VP buying )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP says (SBAR that (S (NP he )NP (VP knew (SBAR (SBAR (S (NP he )NP (VP was (VP getting (NP a zero-coupon CD )NP )VP )VP )S )SBAR and (SBAR that (S (NP he )NP (VP had (ADVP previously )ADVP (VP invested (PP in (NP (NP *UNKC )NP (PRN -LRB- (NP Treasury Income *UNKC *UNKC )NP -RRB- )PRN , (NP (NP a type )NP (PP of (NP (NP zero-coupon Treasury security )NP (VP sold (PP by (NP Merrill Lynch )NP )PP )VP )NP )PP )NP )NP )PP )VP )VP )S )SBAR )SBAR )VP )S )SBAR )VP . )S  STOP
(S But (S (NP he )NP (VP says (SBAR (S (NP he )NP (VP did n't (VP understand (SBAR (S (NP he )NP (VP was (VP buying (NP the CD )NP (PP on (NP the secondary market )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )S , and (S (NP he )NP (VP contends (SBAR (S (NP his broker )NP (ADVP never )ADVP (VP (ADVP fully )ADVP explained (NP the risks )NP )VP )S )SBAR )VP )S . )S  STOP
(S (NP (NP The broker )NP , (NP (NP Thomas *UNKC )NP (PP of (NP (NP Merrill Lynch 's )NP (NAC *UNKC , N.J. , )NAC office )NP )PP )NP , )NP (VP *UNK (S (VP to (VP discuss (NP the matter )NP (PP with (NP a reporter )NP )PP )VP )VP )S , (S (VP referring (NP inquiries )NP (PP to (NP (NP Merrill Lynch officials )NP (PP in (NP New York )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (NP Those officials )NP (VP say (SBAR (S (NP there )NP (VP was (NP (NP full disclosure )NP (PP of (NP the risks )NP )PP )NP (PP in (NP (NP a `` fact sheet '' )NP (VP sent (PP to (NP all CD investors )NP )PP (PP with (NP (NP their confirmation )NP (PP of (NP sale )NP )PP )NP )PP )VP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The fact sheet )NP , (VP dated (NP April 1986 )NP )VP , )NP (VP says (PP on (NP page three )NP )PP : `` (S (SBAR If (S (NP (NP the price )NP (VP paid (PP for (NP (NP a CD )NP (VP purchased (PP in (NP the secondary market )NP )PP )VP )NP )PP )VP )NP ... (VP is (ADJP (ADJP higher )ADJP (PP than (NP (NP the *UNKED value )NP (PP in (NP (NP the case )NP (PP of (NP zero-coupon CDs )NP )PP )NP )PP )NP )PP )ADJP )VP )S )SBAR , (NP the difference )NP ... (VP is not (VP insured )VP )VP )S )VP ... . )S  STOP
(S (S (NP (NP *UNKC )NP (PP involving (NP zero-coupon CDs )NP )PP )NP (VP are (ADJP more complicated )ADJP )VP )S and (S (NP you )NP (VP should (VP discuss (NP (NP any questions )NP (SBAR (S (NP you )NP (VP may (VP have )VP )VP )S )SBAR )NP (PP with (NP your financial consultant )NP )PP )VP )VP )S . '' )S  STOP
(S (NP Dr. Blumenfeld )NP (VP says (SBAR (S (NP he )NP (VP (VP does n't (VP remember (NP (NP the *UNK )NP (PP about (NP premiums )NP )PP (PP in (NP (NP the fact sheet )NP (SBAR (S (NP he )NP (VP received )VP )S )SBAR )NP )PP )NP )VP )VP and (VP did n't (VP realize (SBAR (S (NP (NP part )NP (PP of (SBAR (WHNP what )WHNP (S (NP he )NP (VP paid )VP )S )SBAR )PP )NP (VP was (NP a premium )NP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP I )NP (VP assumed (SBAR (S (NP I )NP (VP was (VP buying (NP a CD )NP (PP as (NP a CD )NP )PP )VP )VP )S )SBAR )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (ADVP Nevertheless )ADVP , (NP Merrill Lynch )NP (VP has (VP agreed (SBAR that (S (SBAR if (S (S (NP (NP (NP the thrift )NP (SBAR (WHNP that )WHNP (S (VP issued (NP (NP Dr. Blumenfeld 's )NP CD )NP )VP )S )SBAR )NP , (NP (NP *UNKC *UNKC Federal Savings & Loan Association )NP (PP in (NP (NP *UNKC )NP , (NP *UNKC )NP , )NP )PP )NP )NP (VP is (VP *UNKED )VP )VP )S and (S (NP the CD )NP (VP terminated )VP )S )S )SBAR , (NP the brokerage firm )NP (VP would (VP cover (NP (NP the premium )NP (SBAR (S (NP Dr. Blumenfeld )NP (VP paid )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S -LRB- (NP Federal deposit insurance )NP (VP would (VP pay (NP (NP principal and interest )NP (VP accrued (PP to (NP (NP the date )NP (PP of (NP liquidation )NP )PP )NP )PP )VP , (PP to (NP (NP a maximum )NP (PP of (NP $ 100,000 )NP )PP )NP )PP )NP )VP )VP . -RRB- )S  STOP
(SINV `` (S (S (NP It )NP (VP 's (NP not a *UNK commitment )NP )VP )S , (S (NP it )NP (VP 's (NP a *UNK- situation )NP )VP )S )S , '' (VP says )VP (NP (NP Albert *UNKC )NP , (NP (NP a managing director )NP (PP of (NP Merrill Lynch Money Markets Inc )NP )PP )NP )NP . )SINV  STOP
(S `` (NP There )NP (VP 's (NP a question (SBAR whether (S (NP (NP brokers )NP (PP at (NP the time )NP )PP )NP (VP were (ADJP fully aware '' (PP of (NP the risks )NP )PP )ADJP )VP )S )SBAR )NP )VP . )S  STOP
(S `` (NP We )NP (VP were n't (ADJP sure (SBAR that (S (NP full disclosure )NP , (SBAR as (S (NP we )NP (VP wanted (NP it )NP )VP )S )SBAR , (VP was (VP being (VP made )VP )VP )VP )S )SBAR )ADJP )VP . '' )S  STOP
(S (NP Merrill Lynch )NP (VP says (SBAR (S (NP (NP it )NP )NP (VP 's (ADJP impossible )ADJP (S (VP to (VP estimate (SBAR (WHNP (WHADJP how many )WHADJP investors )WHNP (S (VP are (PP in (NP (NP Dr. Blumenfeld 's )NP situation )NP )PP )VP )S )SBAR )VP )VP )S )VP )S )SBAR , (SBAR although (S (NP it )NP (VP says (SBAR (S (NP the firm )NP (VP has (VP received (NP (NP (QP only one )QP other complaint )NP (PP about (NP (NP premiums )NP (PP on (NP the secondary market )NP )PP )NP )PP )NP (PP in (NP three years )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Merrill Lynch )NP (ADVP now )ADVP (VP provides (NP (NP credit rating information )NP (PP about (NP (NP the institutions )NP (SBAR (WHNP whose CDs )WHNP (S (NP it )NP (VP sells )VP )S )SBAR )NP )PP , (SBAR (WHNP which )WHNP (S (NP it )NP (VP did n't (VP provide (PP in (NP 1986 )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP *UNKC CDs )NP (VP are (NP (NP only a small portion )NP (PP of (NP (NP the (QP $ 1 *UNK- )QP )NP (PP in (NP CDs )NP )PP (ADJP outstanding )ADJP )NP )PP )NP )VP )S , and (S (NP (NP those )NP (VP purchased (PP on (NP the secondary market )NP )PP )VP )NP (VP are (NP (NP an (ADJP even smaller )ADJP part )NP (PP of (NP the total )NP )PP )NP )VP )S . )S  STOP
(S (NP Merrill Lynch )NP (VP estimates (SBAR that (S (NP (QP fewer than 10 )QP financial institutions )NP (VP (ADVP currently )ADVP issue (NP zero-coupon CDs )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Still )ADVP , (NP there )NP (VP are (NP (NP (QP several billion )QP dollars )NP (PP of (NP zero-coupon CDs )NP )PP (PP with (NP various maturities )NP )PP (ADJP outstanding )ADJP )NP )VP . )S  STOP
(S (PP Because of (NP (NP the tax consequences )NP (PP of (NP zero-coupon investments )NP )PP (PRN -- (S (NP income tax )NP (VP is (ADJP payable (PP in (NP (NP the year )NP (SBAR (S (NP interest )NP (VP is (VP accrued )VP )VP )S )SBAR )NP )PP )ADJP , (SBAR although (S (NP interest )NP (VP is n't (VP (ADVP actually )ADVP paid (PP until (NP maturity )NP )PP )VP )VP )S )SBAR )VP )S -- )PRN )NP )PP (NP zero-coupon CDs )NP (VP are (ADVP usually )ADVP (VP sold (PP for (NP *UNKED accounts )NP )PP (S (VP to (VP finance (NP (NP things )NP (PP like (NP (NP retirement )NP and (NP (NP children 's )NP education )NP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP Most zero-coupon CDs )NP (VP are (PP in (NP (NP maturities )NP (PP of (NP (QP six to nine )QP years )NP )PP )NP )PP )VP )S , and (S (NP they )NP (ADVP usually )ADVP (VP double (PP in (NP value )NP )PP (PP by (NP maturity )NP )PP )VP )S . )S  STOP
(S But (NP (NP investors )NP (SBAR (WHNP who )WHNP (S (VP bought (NP zero-coupon CDs )NP (PP in (NP the secondary market )NP )PP )VP )S )SBAR )NP (VP are n't (NP (NP the only ones )NP (SBAR (WHNP who )WHNP (S (VP may (VP be (VP surprised (S (VP to (VP learn (SBAR (S (NP (NP the full amount )NP (PP of (NP their investments )NP )PP )NP (VP is n't (VP insured )VP )VP )S )SBAR )VP )VP )S )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP People )NP (SBAR (WHNP who )WHNP (S (VP paid (NP a premium )NP (PP for (NP (NP standard CDs )NP (VP purchased (PP on (NP the secondary market )NP )PP )VP )NP )PP )VP )S )SBAR )NP (VP could (ADVP also )ADVP (VP find (SBAR that (S (NP those premiums )NP (VP are n't (VP insured )VP )VP )S )SBAR (SBAR if (S (NP (NP the institutions )NP (SBAR (WHNP that )WHNP (S (VP issued (NP the CDs )NP )VP )S )SBAR )NP (VP failed )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP However )ADVP , (S (NP those premiums )NP (VP are (ADVP usually )ADVP (ADJP (ADJP far smaller )ADJP (PP than (PP on (NP zero-coupon CDs )NP )PP )PP )ADJP )VP )S , and (S (NP (NP the *UNK pricing structure )NP (PP of (NP a standard CD )NP )PP )NP (VP makes (S (NP it )NP (ADJP more apparent )ADJP )S (SBAR (WHADVP when )WHADVP (S (NP a premium )NP (VP is (VP paid )VP )VP )S )SBAR )VP )S . )S  STOP
(S (S (NP Whatever )NP (NP the case )NP )S (PRN , (S (NP a Merrill Lynch spokesman )NP (VP *UNK )VP )S , )PRN (NP investors )NP (VP should n't (VP have (S (VP to (VP worry (PP about (NP the *UNKED premium issue )NP )PP , (SBAR unless (S (S (NP (NP the bank or thrift )NP (SBAR (WHNP that )WHNP (S (VP issued (NP the CD )NP )VP )S )SBAR )NP (VP is (VP closed )VP )VP )S and (S (NP its deposits )NP (VP (VP paid (PRT off )PRT (PP before (NP maturity )NP )PP )VP or (VP transferred (PP to (NP another institution )NP )PP (PP at (NP a lower rate )NP )PP )VP )VP )S )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (NP Dr. Blumenfeld )NP (VP says (SBAR (S (NP he )NP (VP 's (ADJP satisfied (SBAR that (S (NP his problem )NP (VP has (VP been (VP resolved )VP )VP )VP )S )SBAR )ADJP )VP )S )SBAR )VP . )S  STOP
(S And (NP he )NP (VP says (SBAR (S (NP he )NP (VP 's (VP learned (NP (NP a lesson )NP : `` (S (NP You )NP (ADVP always )ADVP (VP have (S (VP to (VP watch (PRT out )PRT (PP for (NP *UNK )NP )PP )VP )VP )S )VP )S )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP No one )NP (NP else )NP )NP (VP will (VP watch (PRT out )PRT (PP for (NP you )NP )PP )VP )VP . )S  STOP
(S (S (NP Americans )NP (VP are (VP drinking (ADVP less )ADVP )VP )VP )S , but (S (NP (NP young professionals )NP (PP (PP from (NP Australia )NP )PP (PP to (NP West Germany )NP )PP )PP )NP (VP are (VP rushing (S (VP to (VP buy (NP *UNK- American (NX (NX *UNK )NX , (NX *UNK )NX and (NX other spirits )NX )NX )NP )VP )VP )S )VP )VP )S . )S  STOP
(S (PP In (ADJP particular )ADJP )PP , (NP many )NP (VP are (VP (VP *UNKING (NP (NP the *UNK )NP (VP preferred (PP by (NP their parents )NP )PP )VP )NP )VP and (VP *UNKING (PP for (NP (NP bourbon )NP , (NP (NP the sweet *UNK )NP (PP from (NP the Kentucky *UNK )NP )PP )NP )NP )PP )VP )VP )VP . )S  STOP
(S (PP With (S (NP U.S. liquor consumption )NP (VP declining (ADVP steadily )ADVP )VP )S )PP , (NP many American producers )NP (VP are (VP stepping (PRT up )PRT (NP (NP their marketing efforts )NP (ADVP abroad )ADVP )NP )VP )VP . )S  STOP
(S (S And (NP those efforts )NP (VP are (VP paying (PRT off )PRT )VP )VP )S : (S (NP *UNKC exports )NP (VP jumped (NP (QP more than 2 1\/2 )QP times )NP (PP to (NP (QP $ *UNKN million )QP )NP (PP in (NP 1988 )NP )PP )PP (PP from (NP (QP $ *UNKN million )QP )NP (PP in (NP 1983 )NP )PP )PP , (PP according (PP to (NP (NP (NP the *UNKED *UNKC Council )NP (PP of (NP the U.S. )NP )PP )NP , (NP a trade group )NP )NP )PP )PP )VP )S . )S  STOP
(SINV `` (S (NP *UNKC companies )NP (ADVP now )ADVP (VP view (NP themselves )NP (PP as (NP global marketers )NP )PP )VP )S , '' (VP says )VP (NP (NP Michael *UNKC )NP , (NP (NP president )NP (PP of (NP (NP *UNKC Marketing Corp. )NP , (NP a research and consulting firm )NP )NP )PP )NP )NP . )SINV  STOP
(S `` (SBAR If (S (NP you )NP (VP want (S (VP to (VP be (NP a player )NP )VP )VP )S )VP )S )SBAR , (NP you )NP (VP have (S (VP to (VP be (PP in (NP (NP America )NP , (NP Europe )NP and (NP the Far East )NP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP You )NP (VP must (VP have (NP (NP *UNK- brands )NP , (NP a long-term perspective )NP and (NP deep pockets )NP )NP )VP )VP . '' )S  STOP
(S (NP (NP The *UNK )NP (PP of (NP the industry )NP )PP )NP (VP has (VP been (VP *UNKED (PP by (NP (NP (NP foreign companies ' )NP acquisitions )NP (PP of (NP many U.S. producers )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (PP In (NP recent years )NP )PP , (PP for (NP example )NP )PP , (NP (NP Grand Metropolitan PLC )NP (PP of (NP Britain )NP )PP )NP (VP acquired (NP *UNKC Inc. )NP , (SBAR while (S (NP (NP another British company )NP , (NP Guinness PLC )NP , )NP (VP took (PRT over )PRT (NP (NP United *UNKC Group )NP and (NP *UNKC Industries Inc )NP )NP )VP )S )SBAR )VP . )S  STOP
(S But (NP the shift )NP (VP has (ADVP also )ADVP (VP been (VP fueled (PP by (NP necessity )NP )PP )VP )VP )VP . )S  STOP
(S (SBAR While (S (NP (NP *UNK- spirits )NP (PP like (NP (NP *UNKC *UNK )NP and (NP (NP Jack Daniel 's )NP *UNK )NP )NP )PP )NP (VP are (VP riding (ADVP high )ADVP (PP in (NP the U.S. )NP )PP )VP )VP )S )SBAR , (NP domestic spirits consumption )NP (VP fell (NP 15 % )NP (PP to (NP (QP *UNKN million )QP cases )NP (PP in (NP 1988 )NP )PP )PP (PP from (NP (QP *UNKN million )QP cases )NP (PP in (NP 1979 )NP )PP )PP )VP . )S  STOP
(S (PP In (NP recent years )NP )PP , (NP growth )NP (VP has (VP come (PP in (NP the foreign markets )NP )PP )VP )VP . )S  STOP
(S (NP U.S. *UNK exports )NP (VP (ADVP more than )ADVP doubled (NP last year )NP (PP to (NP (NP *UNKN proof *UNK )NP , (NP a standard industry measure )NP , )NP )PP (PP according (PP to (NP (NP *UNKC *UNKC *UNKC Group )NP , (NP an industry association )NP )NP )PP )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP *UNK )NP )PP )NP (VP surged (NP 54 % )NP (PP to (NP *UNKN proof *UNK )NP )PP )VP . )S  STOP
(S (NP Mexico )NP (VP is (NP (NP the biggest *UNK )NP (PP of (NP (NP both *UNK and *UNK )NP (PP from (NP the U.S. )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Japan )NP , (NP (NP (NP the world 's )NP *UNK- liquor market )NP (PP after (NP (NP the U.S. )NP and (NP Britain )NP )NP )PP )NP , )NP (VP helped (NP American companies )NP (PP in (NP (NP April )NP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP (VP lowered (NP (NP its tax )NP (PP on (NP imported spirits )NP )PP )NP )VP and (VP *UNKED (NP a tax )NP (PP on (NP many domestic products )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP California *UNK )NP , (VP *UNKING (PP from (NP (NP lowered trade barriers )NP and (NP federal marketing subsidies )NP )NP )PP )VP , )NP (VP are (VP expanding (ADVP aggressively )ADVP (PP into (NP (NP Japan )NP , (PP as well as (NP (NP Canada )NP and (NP Great Britain )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP Japan )NP )PP , (NP the *UNK )NP (VP are (VP (VP promoting (NP (NP their products ' )NP Pacific *UNK )NP )VP and (VP *UNKING (NP (NP restaurant and hotel *UNK )NP , (SBAR (WHNP whose recommendations )WHNP (S (VP carry (NP weight )NP )VP )S )SBAR )NP )VP )VP )VP . )S  STOP
(S (PP In (NP Australia , Britain , Canada and Greece )NP )PP , (NP *UNKC Corp. )NP (VP has (VP increased (NP (NP its marketing )NP (PP of (NP Southern *UNKC *UNKC )NP )PP )NP )VP )VP . )S  STOP
(S (S (VP Using (NP *UNK , television and print ads )NP )VP )S , (NP the company )NP (VP *UNK (NP Southern *UNKC )NP (PP as (NP (NP a grand old drink )NP (PP of (NP the *UNK American South )NP )PP )NP )PP )VP . )S  STOP
(S (NP The biggest foreign *UNK )NP , (ADVP though )ADVP , (VP have (VP been (VP made (PP by (NP bourbon )NP )PP )VP )VP )VP . )S  STOP
(S (SBAR While (S (NP (NP U.S. makers )NP (PP of (NP (NP *UNK )NP , (NP *UNK )NP and (NP other spirits )NP )NP )PP )NP (VP compete (PP against (NP *UNK )NP )PP (ADVP abroad )ADVP )VP )S )SBAR , (NP trade agreements )NP (VP *UNK (NP any other country )NP (PP from (S (VP making (NP bourbon )NP )VP )S )PP )VP . )S  STOP
(S -LRB- (NP All bourbon )NP (VP comes (PP from (NP Kentucky )NP )PP , (SBAR though (S (NP (NP Jack Daniel 's )NP Tennessee *UNK )NP (ADVP often )ADVP (VP is (VP counted (PP as (NP bourbon )NP )PP (PP because of (NP (NP *UNK )NP (PP of (NP taste )NP )PP )NP )PP )VP )VP )S )SBAR )VP . -RRB- )S  STOP
(S (ADVP Moreover )ADVP , (SBAR (ADVP just )ADVP as (S (NP *UNK )NP (VP has (VP acquired (NP an upscale image )NP (PP in (NP the U.S. )NP )PP )VP )VP )S )SBAR , (NP bourbon )NP (VP has (VP become (NP fashionable )NP (PP in (NP many foreign countries )NP )PP , (NP (NP a (ADJP *UNKLY American )ADJP product )NP (VP tied (PP to (NP *UNK *UNK )NP )PP )VP )NP )VP )VP . )S  STOP
(SBARQ (WHADVP How )WHADVP (SQ was (NP the West )NP (VP won )VP )SQ ? )SBARQ  STOP
(FRAG (PP With (NP (NP (NP a *UNK- )NP (PP in (NP one hand )NP )PP )NP and (NP (NP bourbon )NP (PP in (NP the other )NP )PP )NP )NP . )PP )FRAG  STOP
(SINV `` (S (NP We )NP (VP *UNK (PP with (NP bourbon )NP )PP (NP (NP the *UNKC West )NP , (NP Western motion pictures )NP and (NP (NP *UNK )NP (VP appearing )VP )NP )NP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP vice president )NP (PP of (NP (NP *UNKC International Corp. )NP , (NP (NP a division )NP (PP of (NP (NP *UNKC Ltd. )NP , (NP (NP Japan 's )NP largest liquor company )NP )NP )PP )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP *UNKC )NP (VP *UNK (NP *UNKC *UNK )NP (PP in (NP Japan )NP )PP )VP . )S  STOP
(S (S (S (NP *UNKC )NP (VP makes (PRT up )PRT (NP (NP (QP just 1 )QP % )NP (PP of (NP world-wide spirits consumption )NP )PP )NP )VP )S , but (S (NP it )NP (VP represented (NP (NP 57 % )NP (PP of (NP U.S. liquor exports )NP )PP )NP (NP last year )NP )VP )S , (PP according (PP to (NP *UNKC )NP )PP )PP )S ; (S (NP no other category )NP (VP had (NP (QP more than 19 )QP % )NP )VP )S . )S  STOP
(S (NP Big U.S. *UNK )NP (VP are (VP (ADVP fiercely )ADVP *UNKING (PP for (NP (NP this market )NP , (SBAR (WHNP which )WHNP (S (VP grew (PP to (NP (QP $ 77 million )QP )NP (NP last year )NP )PP (PP from (NP (QP $ 33 million )QP )NP (PP in (NP 1987 )NP )PP )PP , (PP according (PP to (NP government figures )NP )PP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP Jim *UNKC Brands Co. )NP , (NP (NP a division )NP (PP of (NP American Brands Inc. )NP )PP )NP , )NP (VP (VP is (NP (NP the leading *UNK )NP (PP of (NP bourbon )NP )PP )NP )VP and (VP produces (NP (NP 10 other types )NP (PP of (NP liquor )NP )PP )NP )VP )VP . )S  STOP
(S (NP The company )NP (VP says (SBAR (S (NP it )NP (VP will (VP increase (NP its international advertising )NP (NP 35 % )NP (PP in (NP 1990 )NP )PP , (PP with (S (NP bourbon )NP (VP representing (NP (NP most )NP (PP of (NP that amount )NP )PP )NP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Guinness 's )NP *UNKC Industries unit )NP (VP (VP has (VP increased (NP its TV advertising )NP (PP in (NP Japan )NP )PP )VP )VP and (VP has (VP built (NP (NP partnerships )NP (PP with (NP *UNK- shops )NP )PP )NP (PP throughout (NP Asia )NP )PP )VP )VP , (S (VP *UNKING (S (NP it )NP (VP to (VP install (NP prominent counter displays )NP )VP )VP )S )VP )S )VP . )S  STOP
(S (NP (NP The company 's )NP *UNKC *UNKC brand )NP (VP is (NP (NP the leading bourbon )NP (PP in (NP Japan )NP )PP )NP , (PP with (NP (NP 40 % )NP (PP of (NP the market )NP )PP )NP )PP )VP . )S  STOP
(S (NP *UNKC *UNK )NP (VP have (VP succeeded (PP in (NP (NP Japan )NP (SBAR (WHADVP where )WHADVP (S (NP other industries )NP (VP have (VP failed )VP )VP )S )SBAR )NP )PP , (S (VP avoiding (NP (NP cultural *UNK )NP (PP in (NP marketing and distribution )NP )PP )NP (PP by (S (VP *UNKING (NP themselves )NP (PP with (NP local agents )NP )PP )VP )S )PP )VP )S )VP )VP . )S  STOP
(S (NP Jim *UNKC Brands )NP (VP has (NP (NP a distribution partnership )NP (PP with (NP (NP *UNKC *UNKC Co. )NP , (NP a *UNK )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Seagram Co. )NP , (SBAR (WHNP which )WHNP (S (VP exports (NP Four *UNKC bourbon )NP )VP )S )SBAR , )NP (VP has (NP (NP such a link )NP (PP with (NP *UNKC *UNKC Co )NP )PP )NP )VP . )S  STOP
(S (NP Some bourbon makers )NP (VP *UNK (ADVP abroad )ADVP (SBAR as (S (NP they )NP (VP do (VP (PP at (NP home )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (VP To (VP promote (NP Jack Daniel 's )NP (ADVP overseas )ADVP )VP )VP )S , (NP *UNKC )NP (VP uses (NP (NP the same photos )NP (PP of (NP (NP (NP front *UNK )NP (PP from (NP (NP *UNKC )NP , (NP Va. )NP )NP )PP )NP , and (NP (NP *UNK old men )NP (PP in (NP *UNK and *UNK )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (NP Jim *UNKC print ads )NP , (ADVP however )ADVP , (VP strike (NP different *UNK )NP (PP in (NP different countries )NP )PP )VP . )S  STOP
(S (PP In (NP (NP Australia )NP , (NP (NP land )NP (PP of (NP the *UNK )NP )PP )NP , )NP )PP (NP (NP a *UNK )NP (PP of (NP Jim *UNKC )NP )PP )NP (VP lies (PP on (NP (NP a strip )NP (PP of (NP *UNKED leather )NP )PP )NP )PP )VP . )S  STOP
(S (NP West Germans )NP (VP get (NP *UNK )NP , (PP with (NP (NP (NP bourbon )NP (PP in (NP the *UNK )NP )PP )NP and (NP (NP a *UNK Beverly Hills hotel )NP (PP in (NP the background )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP for (NP England )NP )PP )NP (VP are (ADJP *UNK and *UNK )ADJP )VP . )S  STOP
(S (NP One ad )NP (VP features (NP (NP a huge *UNK )NP (VP carrying (NP (NP a *UNK woman )NP (PP in (NP a *UNK )NP )PP )NP )VP )NP )VP . )S  STOP
(NP (NP The *UNK )NP : `` (S (NP I )NP (VP (ADVP only )ADVP asked (SBAR if (S (NP she )NP (VP wanted (NP a Jim *UNKC )NP )VP )S )SBAR )VP )S . )NP  STOP
(S (NP (NP Capital *UNKC Inc. 's )NP net income )NP (VP rose (NP 29 % )NP (PP (PP on (NP (NP a modest (ADJP 9 % )ADJP increase )NP (PP in (NP revenue )NP )PP (PP in (NP the third quarter )NP )PP )NP )PP , (PP (ADVP mainly )ADVP on (NP (NP strong advertising demand )NP (PP at (NP its ABC television network operation )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP (NP Demand )NP (PP for (NP ads )NP )PP )NP (ADVP also )ADVP (VP rose (PP (PP at (NP (NP the eight TV stations )NP (SBAR (S (NP Capital *UNKC )NP (VP owns )VP )S )SBAR )NP )PP and (PP at (NP its *UNKED *UNKC sports cable channel )NP )PP )PP )VP . )S  STOP
(S (NP The broadcast and publishing company )NP (VP reported (SBAR (S (NP net )NP (VP climbed (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP , (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (PP in (NP the year-earlier period )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Revenue )NP (VP reached (NP (QP $ 1.1 billion )QP )NP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP (NP yesterday )NP , (NP Capital *UNKC )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP down (NP $ 5 )NP )ADVP )VP . )S  STOP
(S (NP The broadcasting unit )NP (VP reported (NP (NP operating profit )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP , (ADVP up (NP 18 % )NP (PP from (NP the year-earlier (QP $ *UNKN million )QP )NP )PP )ADVP )NP )VP . )S  STOP
(S (NP *UNKING )NP (VP reported (SBAR (S (NP operating profit )NP (VP was (NP (QP $ *UNKN million )QP )NP , (ADJP nearly flat (PP with (NP the *UNK- (QP $ 33 million )QP )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Revenue )NP (PP at (NP (NP the broadcasting unit )NP , (VP consisting (PP of (NP the network and stations )NP )PP )VP , )NP )PP )NP (VP advanced (NP 11 % )NP , (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP The publishing unit )NP (VP reported (SBAR (S (NP revenue )NP (VP edged (PRT up )PRT (NP 2.6 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Chairman Thomas S. Murphy )NP (VP cited (NP (NP Capital *UNKC ' )NP nine daily newspapers )NP (PP in (S (VP explaining (NP (NP most )NP (PP of (NP the gain )NP )PP )NP )VP )S )PP )VP . )S  STOP
(S (NP The parent )NP (ADVP also )ADVP (VP publishes (NP (NP *UNK )NP , (NP shopping *UNK )NP and (NP specialty magazines )NP )NP )VP . )S  STOP
(S (PP For (NP (NP 1989 's )NP first nine months )NP )PP , (NP Capital *UNKC net income )NP (VP grew (NP 23 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP , (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )VP . )S  STOP
(S (NP Revenue )NP (VP eased (NP 0.3 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP Last week )NP , (NP ABC )NP (VP *UNKED (NP (NP General Electric Co. 's )NP National Broadcasting Co. unit )NP (PP as (NP the No. 1 network )NP )PP , (PP as (S (VP rated (PP by (NP *UNKC *UNKC Co )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP ABC )NP (VP has (NP (NP four shows )NP (PP in (NP the top 10 )NP )PP )NP , (PP including (NP (NP the top show )NP , `` (NP *UNKC )NP )NP )PP )VP . )S  STOP
(S (PP As (NP (NP part )NP (PP of (NP a (ADJP previously announced )ADJP transaction )NP )PP )NP )PP , (NP Federal *UNKC Corp. )NP (VP has (VP bought (NP (NP (QP approximately *UNKN )QP shares )NP (PP of (NP its common stock )NP )PP )NP (PP from (NP *UNKC Inc. )NP )PP (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP has (VP agreed (S (VP (VP not to (VP acquire (NP (NP any securities )NP (PP of (NP *UNKC )NP )PP )NP (PP for (NP 10 years )NP )PP )VP )VP and (VP not to (VP influence (NP company affairs )NP (PP during (NP that period )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP Weyerhaeuser Co. )NP (VP said (SBAR (S (NP it )NP (VP sold (NP its *UNKING business )NP (PP to (NP (NP an affiliate )NP (PP of (NP (NP one )NP (PP of (NP (NP *UNKC 's )NP largest *UNK- firms )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Terms )NP (PP of (NP the transaction )NP )PP )NP (VP were n't (VP disclosed )VP )VP . )S  STOP
(S (NP Weyerhaeuser )NP (VP said (SBAR (S (NP its *UNKING business )NP (VP employs (NP (QP about 300 )QP workers )NP (PP at (NP (NP two facilities )NP (PP in (NP (NP (NP *UNKC )NP , (NP Va. )NP , )NP and (NP (NP *UNKC )NP , (NP *UNK )NP )NP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Manville Corp. )NP (VP said (SBAR (S (NP it )NP (VP will (VP build (NP (NP a (ADJP (QP $ 24 million )QP )ADJP power plant )NP (SBAR (S (VP to (VP provide (NP electricity )NP (PP to (NP (NP its *UNKC pulp and paper mill )NP (PP in (NP Brazil )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP the plant )NP (VP (VP will (VP ensure (SBAR that (S (NP it )NP (VP has (NP (NP adequate energy )NP (PP for (NP the mill )NP )PP )NP )VP )S )SBAR )VP )VP and (VP will (VP reduce (NP (NP the mill 's )NP energy costs )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Manville )NP (VP said (SBAR (S (NP it )NP (VP expects (S (NP the plant )NP (VP to (VP begin (S (VP operating (PP at (NP (NP the end )NP (PP of (NP 1991 )NP )PP )NP )PP )VP )S )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Housing and Urban Development Secretary Jack Kemp )NP (VP called (PP on (NP the Federal Reserve System )NP )PP (S (VP to (VP lower (NP interest rates )NP )VP )VP )S )VP . )S  STOP
(S (PP In (NP (NP a speech )NP (PP to (NP the Mortgage Bankers Association )NP )PP )NP )PP , (NP Mr. Kemp )NP (VP (VP broke (NP (NP (NP the administration 's )NP public *UNK )NP (PP on (NP the Fed )NP )PP )NP )VP and (VP complained (SBAR that `` (S (NP interest rates )NP (VP are (ADJP too high )ADJP )VP )S )SBAR )VP )VP . '' )S  STOP
(S `` (S (NP I )NP (VP am (ADJP convinced (SBAR that (S (S (NP (NP a monetary policy )NP (PP for (NP this country )NP )PP (SBAR (WHNP that )WHNP (S (VP would (VP return (NP interest rates )NP (PP to (NP (NP the historical level )NP (PP of (NP (NP 4 % )NP or (NP 5 % )NP )NP )PP )NP )PP )VP )VP )S )SBAR )NP (VP would (VP have (ADVP not only )ADVP (NP (NP an immediate impact )NP (PP on (NP (NP housing starts )NP , (NP the housing stock )NP , (NP (NP our industry )NP (PP in (NP America )NP )PP )NP , (NP (NP the *UNKING )NP (PP of (NP our industrial system )NP )PP )NP )NP )PP )NP )VP )VP )S , (S (S (NP it )NP (VP would (VP help (NP the Third World economies )NP (ADVP considerably )ADVP )VP )VP )S and (S (NP it )NP (VP would (ADVP particularly )ADVP (VP have (NP (NP a favorable impact )NP (PP upon (NP our budget deficit )NP )PP )NP )VP )VP )S )S )S )SBAR )ADJP )VP )S , '' (NP Mr. Kemp )NP (VP said )VP . )S  STOP
(S (NP The Fed )NP (ADVP recently )ADVP (VP eased (NP credit )NP (PP by (S (VP lowering (NP the *UNK federal funds interest rate )NP (PP to (NP (QP 8 3\/4 )QP % )NP )PP (PP from (NP about 9 % )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP Bush administration officials )NP (VP say (SBAR (S (NP inflation )NP (VP is (PP under (NP control )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP With (S (NP economic growth )NP (VP slowing )VP )S )PP , (NP they )NP (VP say (SBAR (S (NP they )NP (VP believe (SBAR (S (NP the Fed )NP (VP should (VP ease (NP credit )NP (ADVP even further )ADVP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S But (PP for (NP the most part )NP )PP , (NP officials )NP (VP have (VP avoided (S (VP *UNKING (NP those views )NP (PP in (NP public )NP )PP )VP )S , (S (VP *UNKING (SBAR (S (NP they )NP (VP would (VP (ADVP *UNKLY )ADVP *UNK (NP the Fed )NP )VP )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(S (NP (NP McDonald 's )NP Corp. )NP (VP said (SBAR (S (S (NP third-quarter earnings )NP (VP rose (NP 14 % )NP (PP on (NP a hefty sales gain )NP )PP )VP )S , but (S (NP domestic franchisees )NP (ADVP apparently )ADVP (VP did n't (VP *UNK (PP of (NP the improvement )NP )PP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (NP (NP The world 's )NP largest fast-food chain )NP (VP said (SBAR (S (NP net income )NP (VP rose (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 59 cents )NP (NP a share )NP )NP )NP )PP , (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 51 cents )NP (NP a share )NP )NP )NP , (NP a year ago )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP the latest period )NP )PP , (NP the company )NP (VP had (NP (NP (NP an average )NP (PP of (NP (QP *UNKN million )QP shares )NP )PP )NP , (PP (NP (QP 5.6 million )QP shares )NP below (NP (NP last year 's )NP level )NP )PP )NP )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP 12 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC sales )NP , (SBAR (WHNP which )WHNP (S (VP include (NP sales (PP at (NP (ADJP franchisee (CONJP as well as )CONJP *UNKED )ADJP stores )NP )PP )NP )VP )S )SBAR , )NP (VP totaled (NP (NP (QP $ *UNKN billion )QP )NP (PP compared (PP with (NP (QP $ 4.2 billion )QP )NP )PP )PP )NP )VP . )S  STOP
(S But (NP (NP sales )NP (PP for (NP U.S. franchisees )NP )PP )NP (VP were (ADJP flat )ADJP (ADVP at best )ADVP (PP on (NP a *UNK- basis )NP )PP (PP despite (NP weak 1988 figures )NP )PP )VP . )S  STOP
(S (PP *UNKED (PP with (NP (NP the first nine months )NP (PP of (NP last year )NP )PP )NP )PP )PP , (NP (NP average franchisee store sales )NP (NP this year )NP )NP (VP were (PP down (NP (QP nearly $ *UNKN )QP )NP )PP , (S (VP reflecting (NP (NP a *UNK discounting war )NP (PP among (NP fast-food chains )NP )PP )NP )VP )S )VP . )S  STOP
(S (SBAR Since (S (NP (NP McDonald 's )NP *UNK prices )NP (VP rose (NP this year )NP )VP )S )SBAR , (NP the actual decline )NP (VP may (VP have (VP been (ADJP more )ADJP )VP )VP )VP . )S  STOP
(S (NP McDonald 's )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP up (NP $ 1 )NP )ADVP , (PP in (NP New York Stock Exchange composite trading )NP )PP (NP yesterday )NP )VP . )S  STOP
(S (SBAR While (S (NP franchisees )NP (VP were (VP having (NP (NP a tough time )NP (S (VP holding (NP sales )NP )VP )S )NP )VP )VP )S )SBAR , (NP (NP McDonald 's )NP *UNKED stores )NP (VP posted (NP (NP hefty gains )NP (PP for (NP the nine months )NP )PP )NP , (PP with (S (NP (NP sales )NP (PP per (NP *UNKED unit )NP )PP )NP (VP rising (NP $ 20,000 )NP )VP )S )PP )VP . )S  STOP
(S (NP One analyst )NP (VP noted (SBAR that (S (NP the company )NP (ADVP often )ADVP (VP has (NP (NP better store locations )NP (SBAR than (SINV do (NP its franchisees )NP )SINV )SBAR )NP , (ADVP thus (S (VP *UNKING (NP promotional efforts )NP )VP )S )ADVP )VP )S )SBAR )VP . )S  STOP
(S (PP On (NP average )NP )PP (PP in (NP the latest nine months )NP )PP , (NP (NP *UNKED units )NP (PP in (NP the U.S. )NP )PP )NP (VP had (NP (NP $ *UNKN more )NP (PP in (NP sales )NP )PP (SBAR than (SINV did (NP *UNKED outlets )NP )SINV )SBAR )NP )VP . )S  STOP
(S (NP There )NP (VP are (NP (NP (QP more than three times as many )QP *UNKED domestic outlets )NP (SBAR as (S (NP there )NP (VP are (NP company stores )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Profit margins )NP (PP at (NP U.S. *UNKED stores )NP )PP (PP in (NP the quarter )NP )PP )NP (VP (VP were (ADVP up (NP (QP nearly 1 )QP % )NP )ADVP )VP , (SBAR (WHNP which )WHNP (S (NP the company )NP (VP attributed (PP in (NP part )NP )PP (PP to (NP lower food costs )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Prudential-Bache Securities analyst *UNKC *UNKC )NP (VP said (SBAR (S (NP reduced labor costs )NP (VP helped (S (VP boost (NP margins )NP )VP )S , (SBAR although (S (NP she )NP (VP *UNKED `` (SBAR (S (NP (NP that kind )NP (PP of (NP performance )NP )PP )NP (VP is (ADJP *UNK )ADJP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (S (VP *UNKING (S (NP sales )NP `` (ADJP still relatively soft )ADJP )S )VP )S , '' (NP Ms. *UNKC )NP (VP believes (SBAR that (S (PP in (NP real terms )NP )PP , (NP U.S. sales )NP (VP slipped (NP (QP 3 1\/2 )QP % )NP (PP to (NP 4 % )NP )PP (PP at (NP *UNKED stores )NP )PP (PP in (NP the quarter )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (ADVP *UNKLY )ADVP (VP *UNKING (NP (NP weaker U.S. sales )NP (ADVP *UNK )ADVP )NP )VP )S , (NP McDonald 's )NP (VP vowed `` (S (VP to (VP use (NP our size and *UNK )NP (S (VP to (VP do (NP (NP all )NP (SBAR (WHNP that )WHNP (S (VP is (ADJP necessary )ADJP (S (VP to (VP build (NP the brand )NP )VP )VP )S )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )VP . '' )S  STOP
(S (ADVP *UNKC )ADVP , (NP both (NP franchisees )NP and (NP the company )NP )NP (VP performed (ADVP (ADVP substantially better )ADVP (PP than (ADVP (NP a year )NP ago )ADVP )PP )ADVP )VP . )S  STOP
(S (NP (NP Third-quarter sales )NP (PP in (NP Europe )NP )PP )NP (VP were (ADJP *UNKLY strong )ADJP , (S (VP boosted (PP by (NP (NP promotional programs )NP and (NP new products )NP )NP )PP )VP )S -- (SBAR although (S (NP weaker foreign currencies )NP (VP reduced (NP (NP the company 's )NP earnings )NP )VP )S )SBAR )VP . )S  STOP
(S (NP McDonald 's )NP (VP said (SBAR that (S (NP *UNK sales )NP (VP would (VP have (VP been (ADJP (NP (QP $ 115 million )QP )NP greater )ADJP (SBAR (SINV had (NP 1988 exchange rates )NP (VP remained (PP in (NP effect )NP )PP )VP )SINV )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (S (VP *UNKING (PP into (NP the fourth quarter )NP )PP )VP )S (NP the sales comparison )NP (VP will (VP be (ADJP more difficult )ADJP )VP )VP )S , '' (VP predicted )VP (NP (NP restaurant analyst Howard *UNKC )NP (PP of (NP Kidder , Peabody & Co )NP )PP )NP . )SINV  STOP
(S (S (VP *UNKING (NP (NP better growth prospects )NP (ADVP abroad )ADVP )NP )VP )S , (NP McDonald 's )NP (VP noted (SBAR that (S (PP as (PP of (NP Sept. 30 )NP )PP )PP (NP (NP more stores )NP )NP (VP were (PP under (NP construction )NP )PP (ADVP overseas )ADVP (PP than (ADVP (NP a year )NP ago )ADVP )PP , (SBAR while (S (NP the opposite )NP (VP was (ADJP true )ADJP (PP for (NP domestic expansion )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP At (NP (NP the end )NP (PP of (NP the third quarter )NP )PP )NP )PP (NP McDonald 's )NP (VP had (S (NP *UNKN units )NP (VP operating (S (ADJP world-wide )ADJP )S )VP )S )VP . )S  STOP
(S (PP In (NP the nine months )NP )PP , (NP earnings )NP (VP rose (NP 12 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (ADVP (NP a year )NP earlier )ADVP )PP )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP 11 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP (NP Carnival *UNKC Lines Inc. 's )NP common stock )NP (VP was (VP dragged (PRT down )PRT (NP yesterday )NP (PP amid (NP concerns (SBAR that (S (NP (NP a bankruptcy filing )NP (PP by (NP a Finnish *UNK )NP )PP )NP (VP would (VP delay (NP (NP delivery )NP (PP of (NP three big *UNK ships )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP The *UNKED company 's )NP stock )NP (VP fell (NP $ 1.75 )NP (NP yesterday )NP (PP to (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP (PP in (NP heavy American Stock Exchange composite trading )NP )PP )VP . )S  STOP
(S (ADVP Early (NP yesterday )NP )ADVP , (NP Carnival )NP (VP said (PP in (NP a company statement )NP )PP (SBAR that (S (NP it )NP (VP had (VP been (VP `` notified (ADVP *UNKLY )ADVP '' (SBAR that (S (NP (NP Waertsilae Marine Industries )NP , (NP (NP the Finnish shipyard )NP (SBAR (WHNP that )WHNP (S (VP is (VP building (NP its three new *UNK ships )NP )VP )VP )S )SBAR )NP , )NP (VP planned (S (VP to (VP file (PP for (NP bankruptcy )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Officials )NP (PP at (NP Carnival )NP )PP )NP (VP declined (S (VP to (VP comment )VP )VP )S )VP . )S  STOP
(SINV `` (S (NP There )NP (VP is (NP (NP just a tremendous amount )NP (PP of (NP (NP uncertainty )NP (PP about (SBAR (WHNP what )WHNP (S (NP (NP the effect )NP (PRN , (SBAR if (FRAG (NP any )NP )FRAG )SBAR , )PRN (PP of (NP all this )NP )PP )NP (VP is )VP )S )SBAR )PP )NP )PP )NP )VP )S , '' (VP said )VP (NP (NP John P. *UNKC )NP , (NP (NP an analyst )NP (PP at (NP Raymond James Associates Inc )NP )PP )NP )NP . )SINV  STOP
(S `` (NP I )NP (VP did n't (ADVP even )ADVP (VP know (SBAR that (S (NP (NP a company )NP (PP in (NP a *UNK country )NP )PP )NP (VP could (VP file (PP for (NP bankruptcy )NP )PP )VP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP Carnival )NP (VP said (SBAR (S (NP (NP the `` *UNKC )NP , '' (NP (NP the first )NP (PP of (NP (NP the three (ADJP (QP $ 200 million )QP )ADJP ships )NP (SBAR (WHNP that )WHNP (S (NP Carnival )NP (VP has (PP on (NP order )NP )PP )VP )S )SBAR )NP )PP )NP , )NP (VP is (VP scheduled (S (VP to (VP be (VP delivered (NP next month )NP , (PP (ADVP just )ADVP in (NP (NP time )NP (PP for (NP (NP the winter tourist season )NP (PP in (NP the Caribbean )NP )PP )NP )PP )NP )PP )VP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP That ship )NP , (SBAR (WHNP which )WHNP (S (VP would (VP carry (NP (QP about *UNKN )QP passengers )NP )VP )VP )S )SBAR , )NP (VP would (VP expand (NP (NP the capacity )NP (PP of (NP (NP Carnival 's )NP existing *UNK- fleet )NP )PP )NP (PP by (NP 24 % )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP The second ship )NP , (SBAR (WHNP which )WHNP (S (VP is (ADJP *UNKED )ADJP )VP )S )SBAR , )NP (VP is (VP scheduled (S (VP to (VP be (VP delivered (PP in (NP fall 1990 )NP )PP )VP )VP )VP )S )VP )VP )S , and (S (NP the third )NP (PP in (NP fall 1991 )NP )PP )S . )S  STOP
(SINV `` (S (NP There )NP (VP 's (NP a (ADJP 99 % )ADJP chance (SBAR that (S (NP the *UNKC )NP (VP will (VP be (VP delivered (ADVP close (PP to (NP schedule )NP )PP )ADVP )VP )VP )VP )S )SBAR )NP )VP )S , '' (VP said )VP (NP (NP *UNKC Levy )NP , (NP (NP an analyst )NP (PP at (NP Shearson Lehman Hutton Inc )NP )PP )NP )NP . )SINV  STOP
(S `` (S (NP The others )NP (VP will (ADVP probably )ADVP (VP be (VP delivered (ADVP as well )ADVP )VP )VP )VP )S , but (S (NP Carnival )NP (VP will (ADVP likely )ADVP (VP have (S (VP to (VP pay (NP a higher price )NP (PP for (NP them )NP )PP )VP )VP )S )VP )VP )S . '' )S  STOP
(S (NP She )NP (VP said (SBAR (S (NP the company )NP (VP could (VP pay (NP (ADJP (QP as much as 25 )QP % )ADJP more )NP (PP for (NP the ships )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR If (S (NP the ships )NP (VP are n't (VP delivered )VP )VP )S )SBAR , (ADVP however )ADVP , (NP it )NP (VP will (ADVP likely )ADVP (VP have (NP an effect )NP (PP on (NP (NP the company 's )NP earnings )NP )PP (ADVP (ADVP as soon )ADVP (PP as (NP (NP the 1990 fiscal year )NP , (SBAR (WHNP which )WHNP (S (VP begins (NP Dec. 1 )NP )VP )S )SBAR )NP )PP )ADVP )VP )VP . )S  STOP
(S (NP Analysts )NP (VP said (SBAR (S (NP (NP those estimates )NP -- (SBAR (WHNP which )WHNP (S (VP range (PP from (NP (NP (QP about $ 1.80 )QP )NP (NP a share )NP )NP )PP (PP to (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP )VP )S )SBAR -- )NP (VP are (VP based (PP on (NP (NP *UNKC )NP (VP being (PP in (NP operation )NP )PP (PP in (NP 1990 )NP )PP )VP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR If (S (NP the ship )NP (VP fails (S (VP to (VP arrive )VP )VP )S )VP )S )SBAR , (NP those per-share earnings estimates )NP (VP could (VP be (VP trimmed (NP 15 cents (QP or more )QP )NP )VP )VP )VP . )S  STOP
(S (NP Analysts )NP (VP were n't (ADJP willing (S (VP to (VP speculate (PP on (SBAR (WHNP (WHADJP how much )WHADJP money )WHNP (S (NP Carnival )NP (VP might (VP lose (PP through (NP deposits )NP )PP )VP )VP )S )SBAR )PP )VP )VP )S )ADJP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP a company )NP (VP pays (NP (NP a portion )NP (PP of (NP (NP the total cost )NP (PP of (NP a ship )NP )PP )NP )PP )NP (SBAR as (S (NP it )NP (VP reaches (NP (NP various stages )NP (PP of (NP construction )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Carnival )NP , (PP for (NP example )NP )PP , (VP has (ADVP already )ADVP (VP paid (NP (NP (QP about $ 160 million )QP )NP (PP of (NP (NP the total cost )NP (PP for (NP *UNKC )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP Some analysts )NP (VP say (SBAR (S (NP this )NP (VP may (VP give (NP it )NP (NP (NP the right )NP (SBAR (S (VP to (VP seize (NP the ship )NP (SBAR if (S (NP the situation )NP (VP warrants (NP it )NP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP According (PP to (NP (NP reports )NP (PP from (NP Finland )NP )PP )NP )PP )PP , (NP (NP Waertsilae Marine )NP , (ADJP *UNKED (PP by (NP conglomerate *UNK Waertsilae )NP )PP )ADJP , )NP (VP filed (PP for (NP bankruptcy )NP )PP (NP yesterday )NP (SBAR after (S (NP (NP the shipyard 's )NP contractors )NP (VP had (VP started (S (VP to (VP demand (NP bank guarantees )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The shipyard )NP (VP disclosed (PP in (NP *UNK- )NP )PP (SBAR that (S (NP it )NP (VP expected (NP (NP losses )NP (VP stemming (PP from (NP (NP a series )NP (PP of (NP unprofitable orders )NP )PP )NP )PP )VP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC *UNKC *UNKC )NP (VP filed (PP for (NP Chapter 7 Bankruptcy Code protection )NP )PP , (S (VP saying (SBAR that (S (NP her cash flow )NP (VP had (VP been (VP cut (PRT off )PRT )VP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP (NP The designer )NP , (SBAR (WHNP (WHNP whose line )WHNP (PP of (NP *UNK , *UNK- clothing )NP )PP )WHNP (S (VP has (VP *UNKED (NP (NP a host )NP (PP of (NP *UNK )NP )PP )NP )VP )VP )S )SBAR , )NP (VP has (VP been (PP in (NP (NP a dispute )NP (PP with (NP (NP her latest *UNK )NP , (NP *UNKC Inc. )NP )NP )PP )NP )PP (PP for (NP several months )NP )PP )VP )VP . )S  STOP
(S (NP Ms. *UNKC )NP (VP was (NP (NP the subject )NP (PP of (NP a Wall Street Journal article )NP )PP )NP (PP in (NP March )NP )PP )VP . )S  STOP
(S (NP (NP (NP The designer 's )NP attorney )NP , (NP *UNKLY *UNKC )NP , )NP (VP said (SBAR that (S (NP Ms. *UNKC )NP (VP was (VP forced (S (VP to (VP start (NP bankruptcy-law proceedings )NP )VP )VP )S (SBAR because (S (NP *UNKC )NP (VP began (S (VP *UNKING (NP her *UNK payments )NP (NP last month )NP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP paid (NP Ms. *UNKC )NP (NP (NP *UNK )NP (PP for (NP (NP the line )NP (VP known (PP as (NP (NP *UNKC )NP (PP by (NP *UNKC *UNKC )NP )PP )NP )PP )VP , (SBAR (WHNP which )WHNP (S (VP are (VP sold (PP (ADVP primarily )ADVP through (NP department stores )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP Ms. *UNKC )NP (VP sued (NP the Dallas apparel maker )NP (ADVP earlier (NP this year )NP )ADVP , (S (VP charging (SBAR that (S (NP *UNKC )NP (VP developed and *UNKED (NP (NP clothing lines )NP (VP *UNKED (PP after (NP her designs )NP )PP , (PP in (NP (NP violation )NP (PP of (NP their contract )NP )PP )NP )PP )VP )NP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP That lawsuit )NP (VP is (ADVP still )ADVP (VP pending )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP could n't (ADVP immediately )ADVP (VP be (VP reached (PP for (NP comment )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP Ms. Garratt 's )NP assets and liabilities )NP (VP were n't (VP disclosed )VP )VP . )S  STOP
(S (NP *UNKC Corp. )NP (VP had (NP (NP a (ADJP 26 % )ADJP drop )NP (PP in (NP third-quarter profit )NP )PP )NP (PP (ADVP mainly )ADVP because of (NP (NP lower sales )NP (PP of (NP (NP truck parts )NP , (NP its (ADJP (ADJP largest )ADJP and (ADJP most profitable )ADJP )ADJP single business )NP )NP )PP )NP )PP )VP . )S  STOP
(SINV (S (NP (NP Sales )NP (PP of (NP *UNK and *UNK- trucks )NP )PP )NP (VP continue (S (VP to (VP lag (NP *UNK- rates )NP )VP )VP )S , (S (VP leading (S (NP *UNKC )NP (VP to (VP expect (S (NP fourth-quarter net income )NP (VP to (VP fall (PP below (NP year-earlier levels )NP )PP )VP )VP )S )VP )VP )S )VP )S )VP )S , (VP said )VP (NP (NP Stephen R. *UNKC )NP , (NP (NP vice chairman )NP and (NP chief financial and administrative officer )NP )NP )NP . )SINV  STOP
(S (NP He )NP (VP declined (S (VP to (VP make (NP a specific earnings estimate )NP )VP )VP )S )VP . )S  STOP
(S (NP Third-quarter net )NP (VP was (NP (NP (QP $ 40 million )QP )NP , or (NP (NP $ 1.04 )NP (NP a share )NP )NP )NP , (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (ADVP (NP a year )NP ago )ADVP )PP )VP . )S  STOP
(S (NP Sales )NP (VP rose (NP 2.8 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP , (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(SINV (S (NP The quarter net )NP (VP was (PP below (NP analyst expectations )NP )PP (SBAR (ADVP mainly )ADVP because (S (NP *UNK- sales )NP (VP did n't (VP rebound (PP in (NP September )NP )PP (PP from (NP the summer *UNK )NP )PP (SBAR as (S (NP they )NP (ADVP usually )ADVP (VP do )VP )S )SBAR )VP )VP )S )SBAR )VP )S , (VP said )VP (NP (NP Patrick E. *UNKC )NP , (NP (NP analyst )NP (PP with (NP McDonald & Co )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP had (VP been (VP expecting (NP (NP quarter profit )NP (PP of (NP (NP (QP about $ 1.25 )QP )NP (NP a share )NP )NP )PP )NP )VP )VP )VP )S )SBAR , )NP (VP says (SBAR (S (NP he )NP (VP is (VP reducing (NP (NP his estimate )NP (PP for (NP the year )NP )PP )NP (PP to (NP (NP the area )NP (PP of (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP )NP )PP , (PP from (NP (NP his previous estimate )NP (PP of (NP $ *UNKN )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Eli *UNKC )NP (PP of (NP PaineWebber Inc. )NP )PP , (SBAR (WHNP who )WHNP (S (ADVP (NP (NP a couple )NP (PP of (NP weeks )NP )PP )NP ago )ADVP (VP reduced (NP his 1989 estimate )NP (PP to (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP (PP because of (NP the weakening truck market )NP )PP )VP )S )SBAR , )NP (VP says (SBAR (S (NP he )NP (VP will (VP make (NP (NP another cut )NP (PP to (NP (NP about $ *UNKN )NP (NP a share )NP )NP )PP )NP (PP in (NP (NP light )NP (PP of (NP the third-quarter report )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP (NP (NP *UNKC 's )NP quarter profit margin )NP (PP on (NP controls )NP )PP )NP (VP was (ADJP (ADJP lower )ADJP (SBAR than (S (NP he )NP (VP anticipated )VP )S )SBAR )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP (NP sales )NP (PP of (NP (NP truck *UNK )NP , (NP *UNK )NP and (NP other parts )NP )NP )PP )NP (VP fell (NP 7.2 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Sales )NP (PP of (NP (NP parts )NP (PP for (NP (NP cars )NP and (NP construction vehicles )NP )NP )PP )NP )PP )NP (VP rose )VP . )S  STOP
(S (S (NP Eaton )NP (VP does n't (VP provide (NP (NP profit figures )NP )NP (ADVP separately )ADVP (PP for (NP each category )NP )PP )VP )VP )S , but (S (NP (NP operating profit )NP (PP for (NP (NP vehicle parts )NP (PP as (NP a group )NP )PP )NP )PP )NP (VP fell (NP 26 % )NP (PP to (NP (QP $ 51 million )QP )NP )PP (PP on (NP (NP an (ADJP (QP about 1 )QP % )ADJP drop )NP (PP in (NP sales )NP )PP (PP to (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )VP )S . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP *UNK- operators )NP (VP appear (S (VP to (VP be (ADJP cautious (PP about (S (VP buying (NP new trucks )NP )VP )S )PP )ADJP (SBAR until (S (NP they )NP (VP see (SBAR (WHADVP how )WHADVP (S (NP the economy )NP (VP *UNK )VP )S )SBAR )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (S (NP The truck sales slowdown )NP (VP reflects (NP (NP the general slowing )NP (PP in (NP (NP sales )NP (PP of (NP consumer goods )NP )PP )NP )PP )NP )VP )S , (NP he )NP (VP said )VP )S , and (S (NP the latest reports )NP (VP show (NP (NP a slight improvement )NP (PP rather than (NP (NP any indication )NP (PP of (NP a downward *UNK )NP )PP )NP )PP )NP )VP )S . )S  STOP
(S (NP (NP Operating profit )NP (PP from (NP (NP electrical and electronics controls )NP , (NP (NP Eaton 's )NP other major business group )NP , )NP )PP )NP (VP fell (NP 11 % )NP (PP to (NP (QP $ 32 million )QP )NP )PP , (PP despite (NP (NP a (ADJP 7.7 % )ADJP increase )NP (PP in (NP sales )NP )PP (PP to (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP attributed (NP the decline )NP (PP to (NP (NP weakness )NP (PP (PP in (NP (NP the *UNK- market )NP (PP in (NP North America )NP )PP )NP )PP and (PP in (NP the European *UNK- market )NP )PP )PP )NP )PP )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP (NP net )NP -- (PP including (NP (NP (NP profit )NP (PP from (NP discontinued operations )NP )PP (NP both years )NP )NP and (NP (PP in (NP 1988 )NP )PP (NP an extraordinary charge )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP (VP related (PP to (NP (NP settlement )NP (PP of (NP a lawsuit )NP )PP )NP )PP )VP )NP )PP )NP )NP )PP -- )NP (VP was (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (ADVP up (NP 5.8 % )NP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (ADVP (NP a year )NP ago )ADVP )PP )ADVP )VP . )S  STOP
(S (NP Eaton )NP (VP earned (PP from (NP continuing operations )NP )PP (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , (ADVP down (NP 7 % )NP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )NP )VP . )S  STOP
(S (NP *UNKC sales )NP (VP were (NP (QP $ *UNKN billion )QP )NP , (ADVP up (NP 8.2 % )NP (PP from (NP (NP (QP $ *UNKN billion )QP )NP )NP (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP , (NP Eaton )NP (VP closed (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP , (ADVP down (NP $ 2.50 )NP )ADVP )VP . )S  STOP
(S (PP In (NP (NP (NP Poland 's )NP rapid shift )NP (PP from (NP socialism )NP )PP (PP to (NP an *UNKED alternative )NP )PP )NP )PP , (NP environmental issues )NP (VP have (VP become (NP (NP a cutting edge )NP (PP of (NP broader movements (S (VP to (VP (VP restructure (NP the economy )NP )VP , (VP cut (NP *UNK *UNK )NP )VP , and (VP *UNK (NP local politics )NP )VP )VP )VP )S )NP )PP )NP )VP )VP . )S  STOP
(S (NP *UNKC steps )NP (VP were (VP taken (PP at (NP (NP (NP Poland 's )NP first international environmental conference )NP , (SBAR (WHNP which )WHNP (S (NP I )NP (VP attended (NP last month )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP The conference )NP , (VP held (PP in (NP *UNKC *UNKC )NP )PP )VP , )NP (VP (VP was (VP *UNKED (PP by (NP (NP the *UNKC Ministry )NP , (NP the Rockefeller Brothers Fund )NP , and (NP the Polish *UNKC Club )NP )NP )PP )VP )VP , and (VP was (VP attended (PP by (NP (NP (NP 50 *UNKC )NP (PP from (NP government and industry )NP )PP )NP , (CONJP as well as )CONJP (NP *UNKC , *UNKC , *UNKC , Japanese and Americans )NP )NP )PP )VP )VP )VP . )S  STOP
(S (NP The conference )NP (VP was (VP entitled (S (NP `` (NP (NP Economic *UNKC )NP (PP for (NP Environmental Protection )NP )PP )NP , '' (NP (NP a significant departure )NP (PP from (NP (NP East *UNKC *UNK )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP (NP (QP only one )QP economic mechanism )NP -- (NP central planning )NP -- (SBAR (S (VP to (VP direct (NP industrial behavior )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )NP )PP )NP )NP )S )VP )VP . )S  STOP
(S (ADVP Even more *UNKLY )ADVP , (NP it )NP (VP focused (PP on (NP (NP (NP *UNK trading )NP and (NP (NP similar market approaches )NP (SBAR (S (VP to (VP address (NP pollution )NP )VP )VP )S )SBAR )NP )NP )NP )PP , (PP *UNKING (NP (NP (NP Poland 's )NP lack )NP (PP of (NP *UNKING markets )NP )PP )NP )PP )VP . )S  STOP
(SBARQ (WHADVP Why )WHADVP (SQ did (NP East *UNKC participants )NP (VP (ADVP unanimously )ADVP *UNK (NP *UNKED pollution approaches )NP )VP )SQ ? )SBARQ  STOP
(S (NP The answer )NP (VP lies (PP both in (NP (NP (NP the *UNKED environment )NP (PP of (NP these countries )NP )PP )NP and (NP (NP the *UNKED causes )NP (PP of (NP that *UNK )NP )PP )NP )NP )PP )VP . )S  STOP
(S (PP Like (NP other East Bloc countries )NP )PP , (NP Poland )NP (VP *UNK (NP (NP environmental laws )NP (ADJP (ADJP more *UNKED )ADJP (PP in (NP their breach )NP )PP (PP than (PP in (NP their *UNK )NP )PP )PP )ADJP )NP )VP . )S  STOP
(S (PP According (PP to (NP (NP a detailed report )NP (PP by (NP (NP *UNKC *UNKC )NP (PP of (NP (NP (NP the University )NP (PP of (NP Minnesota )NP )PP 's )NP *UNKC *UNKC Institute )NP )PP )NP )PP )NP )PP )PP , (NP (NP 27 areas )NP (VP containing (NP (NP (QP a third )QP )NP (PP of (NP (NP Poland 's )NP population )NP )PP )NP )VP )NP (VP are (VP regarded (PP as `` (NP *UNK *UNK )NP '' )PP (PP due (PP to (NP (NP multiple violations )NP (PP of (NP standards )NP )PP )NP )PP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP are (VP (ADVP consistently )ADVP exceeded (PP at (NP (NP (NP 60 % )NP (PP of (NP *UNK *UNK monitoring sites )NP )PP )NP and (NP (NP 80 % )NP (PP of (NP (NP those )NP (PP for (NP *UNK and *UNK *UNK )NP )PP )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP of (NP (NP Poland 's )NP *UNK )NP )PP )NP (VP have (VP become (ADJP highly *UNKED )ADJP )VP )VP )S ; (S (NP (NP 70 % )NP (PP of (NP its southern *UNK )NP )PP )NP (VP are (VP projected (S (VP to (VP die (PP by (NP (NP century 's )NP end )NP )PP )VP )VP )S )VP )VP )S . )S  STOP
(S (PP *UNKC (NP (NP *UNKN )NP and (NP 1985 )NP )NP )PP , (NP (NP Polish *UNK )NP (ADJP fit (PP for (NP human consumption )NP )PP )ADJP )NP (VP dropped (PP from (NP 33 % )NP )PP (PP to (NP (NP 6 % )NP (PP of (NP all surface waters )NP )PP )NP )PP , (SBAR while (S (NP (NP those )NP (ADJP *UNK (PP (ADVP even )ADVP for (NP industry use )NP )PP )ADJP )NP (VP (ADVP nearly )ADVP doubled )VP )S )SBAR )VP . )S  STOP
(S (NP Poland )NP (VP produces (NP (NP (QP about 20 times more )QP *UNK )NP and (NP (QP five times more )QP *UNK dioxide and solid waste )NP (PP per (NP (NP unit )NP (PP of (NP gross national product )NP )PP )NP )PP (SBAR than (SINV does (NP Western Europe )NP )SINV )SBAR )NP )VP . )S  STOP
(S (NP (NP Its mortality rate )NP (PP for (NP (NP *UNK )NP (PP over (NP 35 )NP )PP )NP )PP )NP (VP is (ADJP (ADJP (NP (QP about 50 )QP % )NP higher (PP than (NP (NP West Germany 's )NP )NP )PP )ADJP , and (ADJP (ADJP (NP 50 % )NP higher )ADJP (PP in (NP *UNK areas )NP )PP (PP than (NP the national average )NP )PP )ADJP )ADJP )VP . )S  STOP
(S (PP Since (NP 1978 )NP )PP , (NP (NP average annual growth rates )NP (PP for (NP most *UNK )NP )PP )NP (VP have (VP *UNKED (NP (NP the growth )NP (PP of (NP GNP )NP )PP )NP )VP )VP . )S  STOP
(S (NP Conference participants )NP (VP saw (NP these effects )NP (PP as (S (VP flowing (ADVP directly )ADVP (PP from (NP (NP (LST -LRB- a -RRB- )LST (NP *UNKC devaluation )NP (PP of (NP (NP environmental resources )NP , (SBAR (WHNP which )WHNP (S (VP are not (VP produced (PP by (NP labor )NP )PP )VP )VP )S )SBAR )NP )PP )NP ; (NP (LST -LRB- *UNK -RRB- )LST (NP planned economies ' )NP *UNK (S (VP to (VP control (NP pollution )NP (SBAR (WHADVP where )WHADVP (S (S (NP enterprises )NP (VP are (ADJP state-owned )ADJP )VP )S and (S (NP penalties )NP (VP are (VP paid (PP by (NP the government )NP )PP )VP )VP )S )S )SBAR )VP )VP )S )NP ; and (NP (LST -LRB- *UNK -RRB- )LST (NP the continuing *UNKC emphasis )NP (PP on (NP heavy industry )NP )PP (PP for (NP economic development )NP )PP , (VP producing (NP (NP a (ADJP (ADJP far *UNK )ADJP and (ADJP more *UNK )ADJP )ADJP use )NP (PP of (NP (NP energy )NP and (NP natural resources )NP )NP )PP (PP than (PP in (NP the West )NP )PP )PP )NP )VP )NP )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP They )NP (VP (ADVP repeatedly )ADVP noted (SBAR that (S (NP environmental progress )NP (VP could not (VP be (VP secured (PP without (NP (NP true ownership )NP , (NP (NP genuine competition )NP (PP based (PP on (NP market factors )NP )PP )PP )NP , and (NP (NP the risk )NP (PP of (NP bankruptcy )NP )PP (SBAR if (S (NP a business )NP (VP makes (NP the wrong decisions )NP )VP )S )SBAR )NP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The solutions )NP (SBAR (S (NP they )NP (VP (ADVP formally )ADVP proposed )VP )S )SBAR )NP (VP included (NP (NP *UNK taxes )NP , (NP *UNK and *UNKING incentives )NP , (NP *UNK *UNK )NP , (NP *UNK pollution permits )NP , (NP (NP an *UNK bank )NP (SBAR (S (VP to (VP finance (NP *UNK- credits )NP )VP )VP )S )SBAR )NP , and (NP *UNK- *UNK )NP )NP )VP . )S  STOP
(S But (NP their (ADJP most fundamental )ADJP recommendation )NP (VP was (S (VP to (VP separate (NP industry )NP (PP from (NP the state )NP )PP , (S (VP making (S (NP it )NP (ADJP fully *UNK (PP for (NP pollution control )NP )PP )ADJP )S )VP )S )VP )VP )S )VP . )S  STOP
(S (NP A revolution )NP (VP takes (NP (NP more )NP (PP than (NP conference *UNK )NP )PP )NP )VP . )S  STOP
(S (ADVP Indeed )ADVP , (NP skepticism )NP (VP was (VP (ADVP *UNKLY )ADVP captured (PP by (NP (NP (NP a *UNK )NP (VP told (PP by (NP (NP *UNKC )NP (PP at (NP the conference )NP )PP )NP )PP )VP )NP : `` (S (NP The world )NP (VP must (VP be (VP coming (PP to (NP an end )NP )PP )VP )VP )VP )S )NP )PP )VP )VP . )S  STOP
(S (NP The *UNKC )NP (VP are (VP talking (NP peace )NP )VP )VP . )S  STOP
(S (NP The *UNKC )NP (VP are (VP talking (NP elections )NP )VP )VP . )S  STOP
(S And (NP the *UNKC )NP (VP are (VP engaged (PP in (NP *UNK )NP )PP )VP )VP . '' )S  STOP
(S But (NP (NP the implications )NP (PP of (NP (NP such a shift )NP (PP to (NP market approaches )NP )PP )NP )PP )NP (VP go (PP (ADVP well )ADVP beyond (NP the fact (SBAR (SBAR that (S (NP Poland )NP (VP is (ADVP already )ADVP (VP working (PP on (NP (NP nationwide emissions trades )NP (SBAR (S (VP to (VP reduce (NP *UNK pollution )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR , or (SBAR that (S (NP the Soviets )NP (VP plan (S (VP to (VP introduce (NP *UNK pollution permits )NP (PP in (NP some *UNK )NP )PP (NP next year )NP )VP )VP )S )VP )S )SBAR )SBAR )NP )PP )VP . )S  STOP
(S (NP Those implications )NP (VP include : -- (NP *UNKC )NP )VP . )S  STOP
(S (S (VP *UNKED (PP with (NP (NP a (ADJP (QP $ 40 billion )QP )ADJP foreign debt )NP and (NP *UNKING inflation )NP )NP )PP )VP )S , (NP Poland )NP (VP must (VP (VP *UNK (NP industry )NP )VP and (VP eliminate (NP subsidies )NP )VP (S (VP to (VP (VP stabilize (NP its currency )NP )VP and (VP qualify (PP for (NP international assistance )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP *UNKED pollution control )NP (VP may (VP *UNK (NP (NP some capital )NP (SBAR (WHNP that )WHNP (S (VP would (ADVP otherwise )ADVP (VP purchase (NP state industries )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S But (NP it )NP (VP could (ADVP also )ADVP (VP *UNK `` (NP *UNK )NP '' (PP by (S (VP (VP *UNKING (NP industrial *UNK )NP )VP , (VP breaking (PRT up )PRT (NP state *UNK )NP )VP , (VP giving (NP managers )NP (NP (NP a stake )NP (PP in (NP solutions )NP )PP )NP )VP , and (VP ensuring (SBAR that (S (NP *UNK )NP (VP is not (ADJP *UNK (PP for (NP failure (S (VP to (VP address (NP environmental effects )NP )VP )VP )S )NP )PP )ADJP )VP )S )SBAR )VP )VP )S )PP )VP )VP . )S  STOP
(NP -- *UNKC solutions . )NP  STOP
(S (SBAR As (S (NP conferees )NP (VP noted )VP )S )SBAR , (NP scarce capital )NP (VP means (SBAR (S (NP (NP the costs )NP (PP of (NP control )NP )PP )NP (VP must (VP be (VP *UNKED (PP through (NP (NP a broad *UNK )NP (PP of (NP (NP compliance choices )NP (PP for (NP individual firms )NP )PP )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP means (NP (NP simple , clear rules )NP (SBAR (WHNP that )WHNP (S (VP secure (NP (NP the first large blocks )NP (PP of (NP reduction )NP )PP )NP , (S (VP *UNKING (NP (NP (ADJP more complex )ADJP issues )NP (PP such as (NP risk )NP )PP )NP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP means (NP (NP use )NP (PP of (NP (NP *UNKED pollution limits )NP (PP such as (NP *UNK permits )NP )PP , (PP rather than (NP (NP *UNKED limits )NP (PP such as (NP *UNK fees )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP That )NP (VP 's (SBAR because (S (NP *UNKED managers )NP (VP will (ADVP likely )ADVP (VP respond (ADVP (ADVP better )ADVP )ADVP (PP to (NP *UNK )NP )PP (PP than (PP to (NP price signals )NP )PP )PP )VP )VP )S )SBAR )VP . )S  STOP
(NP -- *UNKC financing . )NP  STOP
(S (NP Even *UNK- environmental solutions )NP (VP will (VP require (NP (NP billions )NP (PP of (NP dollars )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP New types )NP (PP of (NP financing )NP )PP )NP (VP must (VP make (S (NP funds )NP (ADJP available )ADJP )S (PP without (S (VP *UNKING (NP (NP Poland 's )NP *UNK- reserves )NP )VP )S )PP )VP )VP . )S  STOP
(NP -- *UNKC . )NP  STOP
(S (NP East Bloc pollution data )NP (ADVP typically )ADVP (VP have (VP been (NP state *UNK )NP )VP )VP . )S  STOP
(S (SBAR While (S (NP Polish data )NP (VP have (VP been (ADJP freely available )ADJP (PP since (NP 1980 )NP )PP )VP )VP )S )SBAR , (NP (NP it )NP )NP (VP was (NP no accident )NP (SBAR that (S (NP participants )NP (VP urged (NP (NP the free flow )NP (PP of (NP information )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S For (SBAR once (S (NP information )NP (VP flows )VP )S )SBAR , (S (NP public participation )NP (VP follows )VP )S and (S (NP *UNK )NP (VP becomes (ADJP difficult (S (VP to (VP *UNK )VP )VP )S )ADJP )VP )S . )S  STOP
(NP -- *UNKC *UNK . )NP  STOP
(S (NP One *UNK )NP (VP (ADVP *UNKLY )ADVP declared (SBAR that (S (NP America )NP (VP has (VP had (NP (NP (NP a free market )NP (PP in (NP goods )NP )PP )NP but (NP (NP a planned economy )NP (PP for (NP environmental protection )NP )PP )NP )NP , (SBAR while (S (NP Poland )NP (VP represents (NP the opposite )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(NP (NP His point )NP : (S (NP (NP It )NP )NP (VP will (VP be (ADJP increasingly difficult )ADJP (SBAR for (S (NP the U.S. )NP (VP to (VP *UNKING (PP to (NP *UNK- measures )NP )PP (SBAR if (S (NP even the East Bloc )NP (VP steps (PP to (NP a different *UNK )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP )S . )NP  STOP
(S (PP At (NP the moment )NP )PP , (NP Poland )NP (VP *UNK (NP *UNK- Pittsburgh )NP (ADJP more (PP than (NP a modern industrial society )NP )PP )ADJP -- (PP with (NP (NP *UNKED production )NP , (NP inadequate environmental management )NP , and (NP little *UNK *UNK )NP )NP )PP )VP . )S  STOP
(S But (NP (NP the continuing pressures )NP (PP for (NP free-market economics )NP )PP )NP (VP suggest (SBAR (S (NP (NP the conference 's )NP vision )NP (VP was not (NP all *UNK )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (NP (NP former head )NP (PP of (NP (NP EPA 's )NP regulatory reform staff )NP )PP )NP , )NP (VP adapted (NP this )NP (PP from (NP (NP his November column )NP (PP for (NP (NP the Journal )NP (PP of (NP the Air and *UNKC Management Association )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKING earnings news )NP (PP from (NP some technology companies )NP )PP )NP (VP *UNKED (NP (NP investors )NP (PP in (NP the over-the-counter market )NP )PP , (SBAR (WHNP who )WHNP (S (VP sold (NP (NP shares )NP (PP of (NP (NP Apple Computer )NP , (NP Intel )NP and (NP many other *UNKED concerns )NP )NP )PP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP The drop )NP (PP in (NP those and other technology stocks )NP )PP )NP (VP contributed (PP to (NP (NP an (ADJP 0.7 % )ADJP slide )NP (PP by (NP the Nasdaq composite index )NP )PP )NP )PP )VP . )S  STOP
(S (NP It )NP (VP finished (PP at (NP *UNKN )NP )PP , (ADVP down (NP *UNKN )NP )ADVP )VP . )S  STOP
(S (NP (NP The *UNK )NP (PP about (NP the technology stock outlook )NP )PP )NP (ADVP also )ADVP (VP hurt (NP (NP the Dow Jones Industrial Average )NP , (SBAR (WHNP which )WHNP (S (VP slipped (NP (QP about 1 )QP % )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP (ADVP *UNKLY )ADVP because of (NP (NP the sell-off )NP (PP in (NP technology stocks )NP )PP )NP )PP , (NP (NP the Nasdaq 100 Index )NP (PP of (NP (NP the OTC 's )NP largest *UNK- issues )NP )PP )NP (VP dropped (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP (NP The Nasdaq Financial Index )NP (PP of (NP giant insurance and banking issues )NP )PP )NP (VP lost (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP Some traders )NP (VP said (SBAR (S (NP (NP the sell-off )NP (PP of (NP technology stocks )NP )PP (PP on (NP low volume )NP )PP )NP (VP reflected (NP (NP a lack )NP (PP of (NP (NP conviction )NP (PP by (NP investors )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP Charlie *UNKC )NP , (NP (NP vice president )NP (PP in (NP (NP charge )NP (PP of (NP (NP OTC trading )NP (PP at (NP (NP *UNKC Financial )NP (PP in (NP (NP Stamford )NP , (NP Conn. )NP , )NP )PP )NP )PP )NP )PP )NP )PP )NP )NP (VP said (SBAR (S (NP the selling )NP (VP was (ADJP *UNKLY )ADJP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's (NP a quiet retreat )NP )VP )S , '' (VP said )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S `` (NP It )NP (VP 's (NP (NP nothing dramatic )NP , (NP just a routine sell-off )NP )NP )VP . '' )S  STOP
(S (S (NP (NP Some )NP (PP of (NP it )NP )PP )NP (VP was (ADJP due (PP to (NP (NP *UNKED earnings )NP (PP from (NP leading companies )NP )PP )NP )PP )ADJP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S But (NP (NP some )NP (PP of (NP it )NP )PP )NP (ADVP also )ADVP (VP represented (NP (NP profit-taking )NP (PP by (NP (NP investors )NP (SBAR (WHNP who )WHNP (S (VP have (VP made (NP (NP big gains )NP (PP in (NP some issues )NP )PP )NP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP (NP (NP Yesterday 's )NP volume )NP (PP of (NP (QP *UNKN million )QP shares )NP )PP )NP (VP was (PP (ADVP far )ADVP below (NP (NP (NP last week 's )NP *UNKING average )NP (PP of (NP (QP nearly *UNKN million )QP )NP )PP )NP )PP )VP . )S  STOP
(S (PP For (NP October )NP )PP (ADVP so far )ADVP , (NP daily volume )NP (VP is (VP *UNKING (NP (QP *UNKN million )QP )NP , (S (VP putting (NP it )NP (PP on (NP (NP track )NP (SBAR (S (VP to (VP be (NP (NP the year 's )NP *UNK month )NP )VP )VP )S )SBAR )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP (NP Apple Computer )NP , (SBAR (WHNP which )WHNP (S (VP reported (NP lackluster earnings )NP (NP Friday )NP )VP )S )SBAR , )NP (VP lost (NP 1 1\/4 )NP (PP to (NP 46 3\/4 )NP )PP (PP on (NP (QP 1.1 million )QP shares )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC Computer )NP , (SBAR (WHNP which )WHNP (S (VP reported (NP (NP earnings )NP (NP late Friday )NP (SBAR (WHNP that )WHNP (S (VP were (PP in (NP (NP line )NP (PP with (NP a disappointing forecast )NP )PP )NP )PP )VP )S )SBAR )NP )VP )S )SBAR , )NP (VP eased (NP 3\/4 )NP (PP to (NP 24 )NP )PP (PP on (NP *UNKN shares )NP )PP )VP . )S  STOP
(S (NP Investors )NP (ADVP apparently )ADVP (VP did n't (VP like (NP (NP the news )NP (PP from (NP *UNKC Technologies )NP )PP )NP (ADVP either )ADVP )VP )VP . )S  STOP
(S (NP It )NP (VP said (SBAR (S (NP net income )NP (VP was (NP (NP 17 cents )NP (NP a share )NP (PP in (NP the third quarter )NP )PP )NP , (PP compared (PP with (NP (NP 16 cents )NP (NP a share )NP (ADVP (NP a year )NP earlier )ADVP )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC 's )NP stock )NP (VP dropped (NP 2 )NP (PP to (NP 14 1\/4 )NP )PP )VP . )S  STOP
(S (NP (NP Other technology stocks )NP (SBAR (WHNP that )WHNP (S (VP were (ADJP weaker )ADJP )VP )S )SBAR )NP (VP included (NP (NP (NP Intel )NP , (SBAR (WHNP which )WHNP (S (VP fell (NP 1 1\/4 )NP (PP to (NP (QP 33 1\/2 )QP )NP )PP (PP on (NP (QP 1.9 million )QP shares )NP )PP )VP )S )SBAR , )NP (NP (NP *UNKC Graphics )NP , (ADVP down (NP 3\/4 )NP (PP to (NP (QP 16 1\/4 )QP )NP )PP (PP on (NP (QP 1.6 million )QP shares )NP )PP )ADVP , )NP (NP (NP Sun Microsystems )NP , (SBAR (WHNP which )WHNP (S (VP slipped (NP 3\/8 )NP (PP to (NP (QP 18 1\/4 )QP )NP )PP )VP )S )SBAR )NP , and (NP (NP MCI Communications )NP , (ADVP down (NP 1 )NP (PP to (NP (QP 42 3\/4 )QP )NP )PP )ADVP )NP )NP )VP . )S  STOP
(S (NP (NP Microsoft )NP , (SBAR (WHNP which )WHNP (S (NP last week )NP (VP rose (PP to (NP a record )NP )PP )VP )S )SBAR , )NP (VP fell (NP victim )NP (PP to (NP profit-taking )NP )PP (PRN , (S (NP traders )NP (VP said )VP )S , )PRN (SBAR as (S (NP it )NP (VP declined (NP (QP 2 1\/8 )QP )NP (PP to (NP (QP 83 1\/8 )QP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Conner *UNKC )NP (VP was (ADJP unchanged (PP at (NP 15 )NP )PP )ADJP )VP . )S  STOP
(S (PP Among (NP takeover stocks )NP )PP , (NP *UNKC *UNKC )NP (VP jumped (NP (QP 1 1\/4 )QP )NP (PP to (NP (QP 42 1\/2 )QP )NP )PP (SBAR after (S (NP *UNKC Holdings )NP (VP said (SBAR (S (NP (NP the price )NP (SBAR (S (VP to (VP be (VP paid (PP to (NP (NP *UNKC *UNKC 's )NP minority holders )NP )PP )VP )VP )VP )S )SBAR )NP (VP has (VP been (VP raised (PP to (NP (NP $ 43 )NP (NP a share )NP )NP )PP )VP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The increase )NP (PP of (NP (NP $ 1.25 )NP (NP a share )NP )NP )PP )NP (VP is (VP being (VP made (S (VP to (VP settle (NP (NP shareholder litigation )NP (VP relating (PP to (NP (NP *UNKC 's )NP tender offer )NP )PP )VP )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP *UNKC Holdings )NP (VP is (NP (NP a new company )NP (VP (ADVP jointly )ADVP owned (PP by (NP (NP (NP an affiliate )NP (PP of (NP *UNKC *UNKC )NP )PP )NP and (NP a Morgan Stanley limited partnership )NP )NP )PP )VP )NP )VP . )S  STOP
(S (NP (NP The *UNKC *UNKC affiliate )NP , (NP *UNKC International *UNKC )NP , )NP (VP holds (NP (NP (QP about 78 )QP % )NP (PP of (NP (NP the shares )NP (ADJP outstanding )ADJP )NP )PP )NP )VP . )S  STOP
(S (NP These shares )NP (VP will (VP be (VP bought (PP by (NP *UNKC Holdings )NP )PP (PP at (NP (NP $ *UNKN )NP (NP each )NP )NP )PP (PP after (NP (NP the acquisition )NP (PP of (NP the minority shares )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP Another takeover target )NP , (NP LIN Broadcasting )NP , )NP (VP eased (NP 1\/2 )NP (PP to (NP (QP 110 1\/8 )QP )NP )PP (PP on (NP *UNKN shares )NP )PP )VP . )S  STOP
(S (NP (NP (NP LIN 's )NP suitor )NP , (NP McCaw Cellular Communications )NP , )NP (VP dropped (NP 1 )NP (PP to (NP 40 )NP )PP (PP on (NP (QP almost *UNKN )QP shares )NP )PP )VP . )S  STOP
(S (NP Some analysts )NP (VP say (SBAR (S (NP investors )NP (VP will (VP begin (S (VP paying (NP more attention )NP (PP to (NP earnings )NP )PP )VP )S , (PP (ADVP partly )ADVP in (NP (NP response )NP (PP to (NP (NP the latest round )NP (PP of (NP *UNK )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP say (SBAR (S (NP investors )NP (VP will (VP favor (NP (NP companies )NP (SBAR (WHNP that )WHNP (S (ADVP historically )ADVP (VP have (VP posted (NP (NP annual earnings growth )NP (PP of (NP (QP 15 % to 20 )QP % )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP would (VP be (NP (NP good news )NP (PP for (NP the OTC market )NP )PP )NP (PRN , (S (NP some analysts )NP (VP say )VP )S , )PRN (SBAR because (S (NP many small growth stocks )NP (VP are (VP traded (ADVP there )ADVP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Michael R. *UNKC )NP , (NP (NP partner )NP (PP in (NP (NP charge )NP (PP of (NP research )NP )PP )NP )PP (PP at (NP (NP Robertson *UNKC & Co. )NP (PP in (NP San Francisco )NP )PP )NP )PP )NP , )NP (VP said (SBAR (S (NP some investors )NP (VP have (ADVP already )ADVP (VP made (NP the switch )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The Robertson *UNKC Index )NP (PP of (NP *UNKN emerging growth stocks )NP )PP )NP (VP is (ADVP up (NP *UNKN % )NP )ADVP (PP for (NP (NP the year )NP (PP through (NP Friday )NP )PP )NP )PP )VP . )S  STOP
(S (NP The rise )NP (VP *UNK (NP (NP that )NP (PP of (NP the Dow Jones industrials )NP )PP (NP this year )NP )NP )VP . )S  STOP
(S `` (S (NP It )NP (VP 's (VP been (NP (NP a *UNK year )NP (PP for (NP the emerging growth stock investor )NP )PP )NP )VP )VP )S , '' (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (NP He )NP (VP predicted (SBAR that (S (NP the (ADJP most popular )ADJP growth companies )NP (VP will (VP be (NP (NP those )NP (PP with (NP `` (NP (NP some kind )NP (PP of (NP *UNK product or franchise )NP )PP )NP '' (SBAR (WHNP that )WHNP (S (VP makes (S (NP them )NP (VP appear (ADJP able (S (VP to (VP sustain (NP their momentum )NP )VP )VP )S )ADJP )VP )S )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP puts (NP (NP the OTC market 's )NP *UNKC , Office Club and *UNKC )NP (PP on (NP the list )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP (NP a maker )NP (PP of (NP electronic patient monitoring systems )NP )PP )NP , )NP (VP was (ADVP up (NP 3\/4 )NP (PP to (NP (QP 16 7\/8 )QP )NP )PP (PP on (NP *UNKN shares )NP )PP )ADVP (NP yesterday )NP , (SBAR while (S (NP retailing issue Office Club )NP (VP was (ADJP unchanged (PP at (NP 10 3\/4 )NP )PP (PP on (NP *UNKN shares )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP another retailing stock )NP , )NP (VP was (ADVP off (NP (NP (QP 3\/8 to 8 1\/4 )QP )NP (PP on (NP (NP nearly 80,000 )NP shares )NP )PP )NP )ADVP )VP . )S  STOP
(S (NP (NP Other *UNK )NP (PP of (NP (NP *UNK- analysts )NP and (NP money managers )NP )NP )PP )NP (ADVP also )ADVP (VP had (NP a mixed session )NP )VP . )S  STOP
(S (S (NP (NP *UNKC American )NP , (NP a credit collection concern )NP , )NP (VP jumped (NP (QP 1 3\/8 )QP )NP (PP to (NP (QP 20 5\/8 )QP )NP )PP (PP on (NP (NP volume )NP (PP of (NP *UNKN )NP )PP )NP )PP )VP )S , and (S (NP (NP *UNKC *UNKC *UNKC )NP , (NP a private *UNK services company )NP , )NP (VP advanced (NP 1\/2 )NP (PP to (NP (QP 23 1\/2 )QP )NP )PP (PP on (NP (NP volume )NP (PP of (NP *UNKN )NP )PP )NP )PP )VP )S . )S  STOP
(S But (NP (NP *UNKC )NP , (NP a systems software stock )NP , )NP (VP was (ADVP down (NP 1\/2 )NP (PP to (NP (QP 29 3\/4 )QP )NP )PP (PP on (NP *UNKN shares )NP )PP )ADVP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP a computer *UNKING concern )NP , )NP (VP fell (NP (QP 1 1\/2 )QP )NP (PP to (NP 30 )NP )PP (PP on (NP *UNKN shares )NP )PP )VP . )S  STOP
(S (ADVP Elsewhere )ADVP , (NP Valley National )NP (VP continued (NP its slide )NP , (S (VP dropping (NP (QP 2 1\/8 )QP )NP (PP to (NP 15 )NP )PP (PP on (NP (QP 1.7 million )QP shares )NP )PP )VP )S )VP . )S  STOP
(S (NP The Arizona banking concern )NP (VP is (VP facing (NP (NP difficulties )NP (VP related (PP to (NP (NP weakness )NP (PP in (NP (NP the real estate market )NP (PP in (NP the state )NP )PP )NP )PP )NP )PP )VP )NP )VP )VP . )S  STOP
(S (NP *UNKC earnings )NP (VP helped (NP some issues )NP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP rose (NP (QP 2 1\/4 )QP )NP (PP to (NP (QP 54 3\/4 )QP )NP )PP (PP on (NP (QP almost 800,000 )QP shares )NP )PP )VP )S , and (S (NP *UNKC Financial )NP (VP jumped (NP 4 )NP (PP to (NP 41 )NP )PP (PP on (NP (QP only 1,000 )QP shares )NP )PP )VP )S . )S  STOP
(SBARQ (WHADVP Why )WHADVP (SQ ca n't (NP we )NP (VP *UNK (NP our children )NP (S (VP to (VP read , write and *UNK )VP )VP )S )VP )SQ ? )SBARQ  STOP
(S (NP It )NP (VP 's not (SBAR that (S (NP we )NP (VP do n't (VP know (SBAR (WHADVP how )WHADVP (S (VP to )VP )S )SBAR )VP )VP )S )SBAR , (SBAR because (S (NP we )NP (VP do )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP 's (SBAR that (S (NP we )NP (VP do n't (VP want (S (VP to )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S And (NP (NP the reason )NP (SBAR (S (NP we )NP (VP do n't (VP want (S (VP to )VP )S )VP )VP )S )SBAR )NP (VP is (SBAR that (S (NP effective education )NP (VP would (VP require (S (NP us )NP (VP (VP to (VP *UNK (NP (NP some *UNKED *UNK *UNK )NP (PP about (NP (NP (NP human nature )NP (PP in (ADJP general )ADJP )PP )NP and (NP (NP (NP the human nature )NP (PP of (NP young people )NP )PP )NP (PP in (ADJP particular )ADJP )PP )NP )NP )PP )NP )VP )VP , (CONJP as well as )CONJP (VP to (VP violate (NP some *UNKED vested interests )NP )VP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP These *UNK )NP (VP (ADVP so )ADVP dominate (NP (NP our educational establishment )NP , (NP our media )NP , (NP our politicians )NP , and (NP even our parents )NP )NP (SBAR that (S (NP (NP it )NP )NP (VP seems (ADJP almost *UNK )ADJP (S (VP to (VP challenge (NP them )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(SINV (ADVP Here )ADVP (VP is )VP (NP an example )NP . )SINV  STOP
(S (SBAR If (S (NP I )NP (VP were (S (VP to (VP ask (NP (NP a sample )NP (PP of (NP American parents )NP )PP )NP , `` (SQ Do (NP you )NP (VP wish (S (NP the *UNK schools )NP (VP to (VP encourage (NP (NP creativity )NP (PP in (NP your children )NP )PP )NP )VP )VP )S )VP ? )SQ '' )VP )VP )S )VP )S )SBAR (NP the *UNK- answer )NP (VP would (VP be , `` (FRAG (INTJ *UNKC )INTJ , (PP of (NP course )NP )PP )FRAG )VP )VP . '' )S  STOP
(SBARQ But (WHNP what )WHNP (SQ do (NP we )NP (VP mean , (ADVP specifically )ADVP , (PP by `` (NP creativity )NP '' )PP )VP )SQ ? )SBARQ  STOP
(S (NP No one )NP (VP can (VP say )VP )VP . )S  STOP
(S (PP In (NP practice )NP )PP , (NP it )NP (VP ends (PRT up )PRT (S (VP being (VP *UNKED (PP with (NP (NP a `` *UNK- '' )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP (NP the *UNK ' )NP `` *UNK- )NP )VP )S )SBAR )NP )PP )VP )VP )S )VP . '' )S  STOP
(S (NP The result )NP (VP is (NP (NP a generation )NP (PP of (NP (NP young people )NP (SBAR (WHNP whose (NX (NX *UNK )NX and (NX intellectual *UNK )NX )NX )WHNP (S (VP is (VP matched (ADVP only )ADVP (PP by (NP (NP their good opinion )NP (PP of (NP themselves )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP (NP The whole notion )NP (PP of (NP `` (NP creativity )NP '' (PP in (NP education )NP )PP )NP )PP )NP (VP was (PRN -LRB- and is -RRB- )PRN (NP (NP (NP part and *UNK )NP (PP of (NP (NP a *UNK *UNK )NP (PP against (NP (NP *UNKED *UNK )NP , (SBAR (WHNP which )WHNP (S (VP was (PRN -LRB- and is -RRB- )PRN (VP regarded (PP as (UCP `` (ADJP *UNK )ADJP , '' (NP (NP a *UNK and frustration )NP (PP of (NP (NP the *UNK *UNK )NP and (NP (NP the (ADJP *UNK , if as yet *UNKED , )ADJP *UNK )NP (ADJP *UNK (PP in (NP (NP the *UNK )NP (PP of (NP all our children )NP )PP )NP )PP )ADJP )NP )NP )PP )NP )UCP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP is (ADJP not surprising )ADJP (SBAR that (S (NP parents )NP (VP find (S (NP this *UNK *UNK )NP (ADJP so attractive )ADJP )S )VP )S )SBAR )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (S (NP these same parents )NP (VP do (VP want (S (NP their children )NP (VP to (VP get (NP (NP a decent education )NP (SBAR as (S (VP (ADVP traditionally )ADVP understood )VP )S )SBAR )NP )VP )VP )S )VP )VP )S , and (S (NP they )NP (VP have (NP (NP enough common sense )NP (S (VP to (VP know (SBAR (WHNP what )WHNP (S (NP that )NP (VP demands )VP )S )SBAR )VP )VP )S )NP )VP )S . )S  STOP
(S (NP (NP Their )NP commitment (PP to (NP `` creativity '' )NP )PP )NP (VP can not (VP survive (NP *UNK *UNK )NP )VP )VP . )S  STOP
(S (NP (NP American education 's )NP future )NP (VP will (VP be (VP determined (PP by (NP (NP the degree )NP (SBAR (WHPP to (WHNP which )WHNP )WHPP (S (NP (NP we )NP (PRN -- (NP (NP all )NP (PP of (NP us )NP )PP )NP -- )PRN )NP (VP allow (S (NP this common sense )NP (VP to (VP prevail (PP over (NP (NP the *UNK )NP (SBAR (WHNP that )WHNP (S (NP we )NP (ADVP also )ADVP (VP share )VP )S )SBAR )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S (NP The education establishment )NP (VP will (VP fight (PP against (NP common sense )NP )PP (NP (NP every *UNK )NP (PP of (NP the way )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP The reasons )NP (VP are (ADJP complex )ADJP )VP )S , but (S (NP one simple reason )NP (VP ought not (S (VP to (VP be (VP *UNKED )VP )VP )VP )S )VP )S . )S  STOP
(S (NP `` (NP *UNKC education )NP '' (PRN -LRB- (SBAR as (S (NP it )NP (VP was (ADVP once )ADVP (VP called )VP )VP )S )SBAR -RRB- )PRN )NP (VP is (ADJP (ADJP (ADVP far more )ADVP interesting and *UNK (PP to (NP teachers )NP )PP )ADJP (SBAR than (SINV (VP is )VP (NP *UNKED *UNK )NP )SINV )SBAR )ADJP )VP . )S  STOP
(S (NP It )NP (VP is (ADJP (ADJP nice (SBAR for (S (NP teachers )NP (VP to (VP think (SBAR (S (NP they )NP (VP are (VP engaged (PP in `` (NP *UNK development )NP '' )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )ADJP and (ADJP even *UNK (S (VP to (VP *UNK (NP (NP those *UNK tests )NP (PP with (NP (ADJP often disappointing )ADJP results )NP )PP )NP )VP )VP )S )ADJP )ADJP )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP provides (NP teachers )NP (PP with (NP (NP a superior *UNK- )NP (PP as (NP a `` profession )NP )PP )NP )PP , '' (SBAR since (S (NP they )NP (VP will (VP have (VP passed (NP (NP courses )NP (PP in (NP (NP educational psychology )NP and (NP educational philosophy )NP )NP )PP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP I )NP (NP myself )NP )NP (VP took (NP such courses )NP (PP in (NP college )NP )PP , (S (VP thinking (SBAR (S (NP I )NP (VP might (VP end (PRT up )PRT (NP a *UNK )NP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP They )NP (VP could (ADVP all )ADVP (VP (ADVP fairly )ADVP be (VP described (PP as (NP `` *UNK '' courses )NP )PP )VP )VP )VP . )S  STOP
(S But (NP (NP it )NP )NP (VP is (ADJP unfair )ADJP (S (VP to (VP dump (PP on (NP (NP teachers )NP , (PP as (ADJP *UNK (PP from (NP the educational establishment )NP )PP )ADJP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (S (NP I )NP (VP know (NP many *UNK )NP )VP )S and , (S (PP on (NP the whole )NP )PP , (NP they )NP (VP are (ADJP (ADVP seriously )ADVP committed (PP to (NP *UNK teaching )NP )PP )ADJP )VP )S . )S  STOP
(S (S (NP They )NP (VP may not (VP be (PP among (NP (NP the `` best and *UNK '' )NP (PP of (NP their generation )NP )PP )NP )PP )VP )VP )S -- (S (NP there )NP (VP are (NP (ADJP very few )ADJP such people )NP , (PP by (NP definition )NP )PP )VP )S . )S  STOP
(S But (NP they )NP (VP need not (S (VP be (S (VP to (VP do (NP their jobs )NP (ADVP well )ADVP )VP )VP )S )VP )S )VP . )S  STOP
(S (INTJ *UNKC )INTJ , (NP (NP we )NP (NP all )NP )NP (VP can (VP remember (NP (NP (QP one or two )QP (ADJP truly *UNKING )ADJP teachers )NP (PP from (NP our school days )NP )PP )NP )VP )VP . )S  STOP
(S But (NP our education )NP (VP *UNKED (PP at (NP (NP the hands )NP (PP of (NP (NP those others )NP , (SBAR (WHNP who )WHNP (S (VP were (ADJP merely *UNK and *UNK )ADJP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP this sense )NP )PP , (NP a *UNK )NP (VP can (VP be (VP compared (PP to (NP (NP one 's )NP family doctor )NP )PP )VP )VP )VP . )S  STOP
(S (SBAR If (S (NP he )NP (VP were (ADJP *UNK )ADJP )VP )S )SBAR , (NP he )NP (ADVP probably )ADVP (VP would not (VP be (NP a family doctor )NP (PP in (NP the first place )NP )PP )VP )VP . )S  STOP
(S (SBAR If (S (NP he )NP (VP is (ADJP *UNK and *UNK )ADJP )VP )S )SBAR , (NP he )NP (VP serves (NP us )NP (ADVP well )ADVP )VP . )S  STOP
(S (NP Our teachers )NP (VP are not (NP (NP an important factor )NP (PP in (NP our educational crisis )NP )PP )NP )VP . )S  STOP
(S (S (SBAR Whether (S (NP they )NP (VP (VP are )VP or (VP are not )VP (ADJP *UNK )ADJP )VP )S )SBAR (VP is (NP (NP a problem )NP (PP of (NP equity )NP )PP )NP )VP )S ; (S (NP it )NP (VP is not (NP an educational problem )NP )VP )S . )S  STOP
(S (NP (NP It )NP )NP (VP is (NP (NP silly *UNK )NP (PP on (NP our teachers )NP )PP )NP (S (VP to (VP think (SBAR (S (NP they )NP (VP would (VP *UNK (NP our children )NP (ADVP better )ADVP (SBAR if only (S (NP they )NP (VP got (NP (NP (QP a few thousand )QP dollars )NP (NP a year )NP (QP more )QP )NP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP It )NP (VP is (NP (NP (NP the kind )NP (PP of (NP *UNK )NP )PP )NP (SBAR (S (NP (NP the teachers ' )NP unions )NP (VP do n't (VP mind (S (VP spreading , (PP for (NP their own narrow purposes )NP )PP )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP It )NP (VP is (ADVP also )ADVP (NP (NP (NP the kind )NP (PP of (NP libel )NP )PP )NP (SBAR (S (NP politicians )NP (VP find (S (ADJP useful )ADJP )S , (SBAR since (S (NP it )NP (VP helps (S (NP them )NP (VP strike (NP a friendly *UNK )NP (PP on (NP (NP behalf )NP (PP of (NP an important *UNK )NP )PP )NP )PP )VP )S )VP )S )SBAR )VP )S )SBAR )NP )VP . )S  STOP
(S But (NP there )NP (VP is not (NP (NP one *UNKED )NP (PP of (NP evidence (SBAR that (S , (S (NP other things )NP (VP being (ADJP equal )ADJP )VP )S , (NP salary *UNK )NP (VP result (PP in (NP educational *UNK )NP )PP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (SBAR If (S (NP there )NP (VP were (NP such evidence )NP )VP )S )SBAR , (NP you )NP (VP can (VP be (ADJP sure (SBAR (S (NP you )NP (VP would (VP have (VP heard (PP of (NP it )NP )PP )VP )VP )VP )S )SBAR )ADJP )VP )VP . )S  STOP
(S (SBAR If (S (NP we )NP (VP wish (S (VP to (VP be (ADJP serious (PP about (NP American education )NP )PP )ADJP )VP )VP )S )VP )S )SBAR , (NP we )NP (VP know (SBAR (SBAR (WHNP exactly what )WHNP (S (VP to (VP do )VP )VP )S )SBAR -- and (PRN , (PP (ADVP just )ADVP as (ADJP important )ADJP )PP , )PRN (SBAR (WHNP what )WHNP (S not (VP to (VP do )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (S (NP There )NP (VP are (NP (NP (NP many successful schools )NP (VP *UNKED (PP throughout (NP this nation )NP )PP )VP )NP , (NP (NP some )NP (PP of (NP them )NP )PP (PP in (NP (NP the *UNK )NP (PP of (NP *UNK )NP )PP )NP )PP )NP )NP )VP )S , and (S (NP they )NP (VP are (ADVP all )ADVP (VP sending (NP us )NP (NP the same message )NP )VP )VP )S . )S  STOP
(S (S (ADVP *UNKLY )ADVP , (NP there )NP (VP are (NP (NP the majority )NP (PP of (NP unsuccessful schools )NP )PP )NP )VP )S , and (S (NP we )NP (VP know (SBAR (WHNP (WHNP which efforts )WHNP (PP at (NP educational reform )NP )PP )WHNP (S (VP are (VP *UNKED )VP )VP )S )SBAR (ADVP *UNK )ADVP )VP )S . )S  STOP
(S (NP We )NP (ADVP really )ADVP (VP do (VP know (NP (NP all )NP (SBAR (S (NP we )NP (VP need (S (VP to (VP know )VP )VP )S )VP )S )SBAR )NP , (SBAR if only (S (NP we )NP (VP could (VP *UNK (NP this knowledge )NP (PP into (NP our thinking )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP this respect )NP )PP , (NP it )NP (VP would (VP be (ADJP *UNK )ADJP (SBAR if (S (NP our political leaders )NP (VP were (ADJP (ADJP *UNK )ADJP , (PP rather than (ADJP *UNKLY `` concerned )ADJP )PP )ADJP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP They )NP (VP are (VP (ADVP inevitably )ADVP inclined (S (VP to (VP *UNK (NP the conventional *UNK )NP )VP )VP )S , (SBAR since (S (NP this )NP (VP is (NP (NP the (ADJP least controversial )ADJP option )NP (SBAR (WHNP that )WHNP (S (VP is (ADJP open (PP to (NP them )NP )PP )ADJP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP Thus )ADVP (PP at (NP (NP (NP the recent *UNK ' )NP conference )NP (PP on (NP education )NP )PP )NP )PP , (NP (NP Gov. Bill *UNKC )NP (PP of (NP Arkansas )NP )PP )NP (VP announced (SBAR that `` (S (NP this country )NP (VP needs (NP (NP a comprehensive *UNK- policy )NP (PP for (NP (NP children )NP (PP under (NP five )NP )PP )NP )PP )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP A comprehensive development policy )NP (PP for (NP (NP *UNK )NP (PP over (NP 30 )NP )PP )NP )PP )NP (VP would (VP seem (S (VP to (VP be (NP a (ADJP more pressing )ADJP need )NP )VP )VP )S )VP )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (NP Gov. *UNKC )NP (VP is (VP *UNKING )VP )VP )S )SBAR , (PP in (NP effect )NP )PP , (VP is (S (VP extending (NP the educational system )NP (ADVP down (PP to (NP the *UNK- years )NP )PP )ADVP )VP )S )VP . )S  STOP
(S (SBAR Whether (S (ADJP desirable )ADJP )S or not )SBAR , (NP this )NP (VP is (NP (NP a *UNK- program )NP , not (NP an educational program )NP )NP )VP . )S  STOP
(S (S (NP We )NP (VP know (SBAR that (S (NP (NP (ADJP very early )ADJP exposure )NP (PP to (NP *UNKING )NP )PP )NP (VP *UNK (NP (NP performance )NP (PP in (NP the first *UNK )NP )PP )NP )VP )S )SBAR )VP )S , but (S (ADVP afterward )ADVP (NP the difference )NP (VP is (VP (ADVP quickly )ADVP *UNKED (PRT away )PRT )VP )VP )S . )S  STOP
(S (S (VP Let (S (NP us )NP (VP sum (PRT up )PRT (SBAR (WHNP what )WHNP (S (NP we )NP (VP do (VP know (PP (PP about (NP education )NP )PP and (PP about (NP (NP those education reforms )NP (SBAR (WHNP that )WHNP (S (VP (VP do (VP work )VP )VP and (VP do n't (VP work )VP )VP )VP )S )SBAR )NP )PP )PP )VP )VP )S )SBAR )VP )S )VP )S : -- (S `` (NP *UNKC involvement )NP '' (VP is (NP a bad idea )NP )VP )S . )S  STOP
(S (NP *UNKC )NP (VP are (ADJP too likely (S (VP to (VP blame (NP schools )NP (PP for (NP (NP the educational limitations )NP (PP of (NP their children )NP )PP )NP )PP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP *UNKC )NP (VP should (VP be (ADJP involved (PP with (NP (NP (NP their children 's )NP education )NP (PP (PP at (NP home )NP )PP , not (PP in (NP school )NP )PP )PP )NP )PP )ADJP )VP )VP . )S  STOP
(S (S (NP They )NP (VP should (VP see (PP to (NP it )NP )PP (SBAR that (S (NP their kids )NP (VP do n't (VP play (NP *UNK )NP )VP )VP )S )SBAR )VP )VP )S ; (S (NP they )NP (VP should (VP make (PRT certain )PRT (SBAR that (S (NP the children )NP (VP spend (NP (NP enough time )NP (SBAR (S (VP doing (NP *UNK )NP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP )S ; (S (NP they )NP (VP should (VP *UNK (NP the report card )NP )VP )VP )S . )S  STOP
(S (SBAR If (S (NP parents )NP (VP are (VP *UNKED (PP with (NP a school )NP )PP )VP )VP )S )SBAR , (NP they )NP (VP should (VP have (NP (NP the option )NP (PP of (S (VP *UNKING (PP to (NP another )NP )PP )VP )S )PP )NP )VP )VP . )S  STOP
(S -- `` (NP Community involvement )NP '' (VP is (NP an (ADJP even worse )ADJP idea )NP )VP . )S  STOP
(S (ADVP Here )ADVP , (NP (NP the experience )NP (PP of (NP New York City )NP )PP )NP (VP is (ADJP *UNK )ADJP )VP . )S  STOP
(S (NP (ADJP *UNKLY elected )ADJP school boards )NP , (PP (ADVP especially )ADVP in (NP our larger cities )NP )PP , (VP become (NP (NP the *UNK )NP (PP of (NP (ADJP (ADJP ambitious )ADJP , (ADJP generally *UNK )ADJP , and (ADJP *UNKLY *UNK )ADJP )ADJP (NX (NX local politicians )NX or (NX would-be politicians )NX )NX )NP )PP )NP )VP . )S  STOP
(S (NP New York )NP (VP is (PP in (NP (NP the process )NP (PP of (S (VP trying (S (VP to (VP *UNK (NP itself )NP (PP from (NP (NP a *UNK- commitment )NP (PP to (NP (NP this system )NP (PP of (NP school *UNK )NP )PP )NP )PP )NP )PP )VP )VP )S )VP )S )PP )NP )PP , (SBAR even as (S (NP (NP Chicago )NP and (NP other cities )NP )NP (VP are (VP moving (S (VP to (VP institute (NP it )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S -- (PP In (NP most states )NP )PP , (S (VP increasing (NP (NP expenditures )NP (PP on (NP education )NP )PP )NP )VP )S , (PP in (NP our current circumstances )NP )PP , (VP will (ADVP probably )ADVP (VP make (S (NP things )NP (ADJP worse , not better )ADJP )S )VP )VP . )S  STOP
(S (S (NP The reason )NP (VP is (ADJP simple )ADJP )VP )S : (S (NP Education )NP (VP takes (NP place )NP (PP in (NP (NP the *UNK )NP , (SBAR (WHADVP where )WHADVP (S (NP (NP the influence )NP (PP of (NP money )NP )PP )NP (VP is (ADJP minimal )ADJP )VP )S )SBAR )NP )PP )VP )S . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP educational research )NP )PP )NP (VP tell (NP us )NP (ADVP *UNKLY )ADVP (SBAR that (S (NP even smaller classes )NP (VP have (NP (NP zero effect )NP (PP on (NP (NP the academic performance )NP (PP of (NP the *UNK )NP )PP )NP )PP )NP -- (SBAR though (S (NP they )NP (VP may (ADVP sometimes )ADVP (VP be (ADJP desirable )ADJP (PP for (NP other reasons )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP The new money )NP (VP flows (PP into (NP (NP the (ADJP already *UNK- )ADJP administrative structure )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP itself )NP (S (VP *UNKING (NP (ADJP more and more )ADJP paper work )NP (PP on (NP the teachers )NP )PP )VP )S )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP There )NP (VP is (NP neither mystery nor *UNK )NP (PP in (NP the fact (SBAR that (S (SBAR as (S (S (NP educational expenditures )NP (PRN -LRB- (PP in (NP real terms )NP )PP -RRB- )PRN (VP have (VP increased (ADVP sharply )ADVP (PP in (NP the past *UNK- )NP )PP )VP )VP )S (PRN -- (S (NP we )NP (ADVP now )ADVP (VP spend (NP (NP more )NP (PP per (NP *UNK )NP )PP (PP than (NP (NP any other country )NP (PP in (NP the world )NP )PP )NP )PP )NP )VP )S -- )PRN )S )SBAR (NP educational performance )NP (VP has (VP declined )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP That )NP (VP is (NP (NP the way )NP (SBAR (S (NP the system )NP (VP works )VP )S )SBAR )NP )VP . )S  STOP
(S -- (NP *UNKC )NP (VP should (VP move (PP up (NP the educational *UNK )NP )PP (SBAR as (S (NP their academic potential )NP (VP allows )VP )S )SBAR )VP )VP . )S  STOP
(S (NP No student )NP (VP should (VP be (VP permitted (S (VP to (VP be (VP *UNKED (PP from (NP *UNK school )NP )PP (PP without (S (VP having (VP *UNKED (NP (NP the 3 *UNK 's )NP (PP at (NP (NP the level )NP (SBAR (WHNP that )WHNP (S (VP *UNKED (ADVP (NP 20 years )NP ago )ADVP )VP )S )SBAR )NP )PP )NP )VP )VP )S )PP )VP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP This )NP (VP means (NP `` (NP tracking )NP , '' (SBAR (WHNP whose main purpose )WHNP (S (VP is (ADJP (ADJP less (S (VP to (VP permit (S (NP the *UNKED *UNK )NP (VP to (VP *UNK )VP )VP )S (PRN -LRB- (SBAR though (S (NP that )NP (VP is (ADJP clearly desirable )ADJP )VP )S )SBAR -RRB- )PRN )VP )VP )S )ADJP (SBAR than (S (VP to (VP ensure (SBAR that (S (NP the less *UNKED )NP (VP get (NP (NP the necessary *UNKING )NP (PP (PP for (NP further study )NP )PP or (PP for (S (VP entering (NP (NP the modern world )NP (PP of (NP work )NP )PP )NP )VP )S )PP )PP )NP )VP )S )SBAR )VP )VP )S )SBAR )ADJP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The notion (SBAR that (S (NP tracking )NP (VP is (ADVP somehow )ADVP `` (ADJP *UNK )ADJP '' )VP )S )SBAR )NP (VP is (ADJP *UNK )ADJP )VP . )S  STOP
(S (NP (NP The purpose )NP (PP of (NP education )NP )PP )NP (VP is (S (VP to (VP encourage (S (NP young men and women )NP (VP to (VP realize (NP their full academic potential )NP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP (NP No one )NP (PP in (NP his right mind )NP )PP )NP (VP (ADVP actually )ADVP believes (SBAR that (S (NP (NP we )NP (NP all )NP )NP (VP have (NP an equal academic potential )NP )VP )S )SBAR )VP . )S  STOP
(S -- (NP (NP It )NP )NP (VP is (ADVP generally )ADVP (ADJP desirable )ADJP (S (VP to (VP use (NP (NP (NP older *UNK )NP -- (NP (NP (NP many )NP (PP of (NP them )NP )PP )NP , (INTJ *UNK )INTJ , (PP out (PP of (NP print )NP )PP )PP )NP -- )NP (PP rather than (NP *UNK ones )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP The latter )NP (VP are (ADJP (ADJP *UNK )ADJP , (ADJP *UNK )ADJP , (ADJP often *UNK silly )ADJP , and (ADJP (ADVP at best )ADVP *UNK )ADJP )ADJP )VP . )S  STOP
(S (NP They )NP (VP are (VP based (PP (PP on (NP *UNK (ADJP psychological and *UNK )ADJP theories )NP )PP (CONJP rather than )CONJP (PP on (NP educational experience )NP )PP )PP )VP )VP . )S  STOP
(S (NP (NP One )NP (PP of (NP (NP the reasons )NP (SBAR (S (NP American students )NP (VP do (ADVP so poorly )ADVP (PP in (NP *UNK tests )NP )PP , (PP as (PP compared (PP with (NP British , French , German or Japanese students )NP )PP )PP )PP )VP , )S )SBAR )NP )PP )NP (VP is (NP (NP the influence )NP (PP of (NP the `` New *UNKC '' )NP )PP (PP on (NP American (NX (NX *UNK )NX and (NX teaching methods )NX )NX )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP (SBAR (WHNP who )WHNP (S (VP wants (S (VP to (VP *UNK (SBAR (WHADVP just how *UNK )WHADVP (S (NP (NP this situation )NP )NP (VP is -- (PP with (S (NP (NP students )NP (SBAR (WHNP who )WHNP (S (VP ca n't (VP add or *UNK )VP )VP )S )SBAR )NP (VP `` learning '' (NP (NP the *UNK basis )NP (PP of (NP *UNK theory )NP )PP )NP )VP )S )PP -- )VP )S )SBAR )VP )VP )S )VP )S )SBAR )NP (VP should (VP read (NP (NP the article )NP (PP by (NP (NP *UNKC Nelson )NP (PRN -LRB- (NP (NP himself )NP (NP (NP a recent *UNK major )NP (PP at (NP Harvard )NP )PP )NP )NP -RRB- )PRN )NP )PP (PP in (NP the November American *UNKC )NP )PP )NP )VP )VP . )S  STOP
(S -- (ADJP Most important (PP of (NP all )NP )PP )ADJP , (NP schools )NP (VP should (VP have (NP (NP *UNK )NP (PP with (NP (NP a large measure )NP (PP of (NP (NP authority )NP (PP over (NP (NP the *UNK )NP , (NP the *UNK )NP , and (NP (NP all matters )NP (PP of (NP student discipline )NP )PP )NP )NP )PP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP (NP *UNKC )NP (PP after (NP study )NP )PP )NP -- (NP (NP the most recent )NP (PP from (NP the *UNKC *UNKC )NP )PP )NP -- )NP (VP tells (NP us )NP (SBAR that (S (NP the best schools )NP (VP are (NP (NP those )NP (SBAR (WHNP that )WHNP (S (VP (VP are (ADJP free (PP of (NP outside *UNK )NP )PP )ADJP )VP and (VP are (VP *UNKED (PP by (NP a powerful head )NP )PP )VP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(SINV (PP With (NP that authority )NP )PP , (PP of (NP course )NP )PP , (VP goes )VP (NP an *UNK *UNK )NP . )SINV  STOP
(S (NP (NP *UNKC )NP (SBAR (WHNP that )WHNP (S (VP are (VP structured (PP in (NP this way )NP )PP )VP )VP )S )SBAR )NP (VP produce (NP (NP students )NP (PP with (NP (NP higher *UNK )NP and (NP superior academic performance )NP )NP )PP )NP )VP . )S  STOP
(S (NP This )NP (VP is (NP a fact )NP -- (SBAR though , (S (PP in (NP (NP view )NP (PP of (NP (NP all the *UNK )NP (SBAR (WHNP that )WHNP (S (VP are (VP *UNKED (PP by (NP this fact )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP , (NP (NP it )NP )NP (VP is (ADJP not surprising )ADJP (SBAR that (S (NP one )NP (VP *UNK (NP (NP so little )NP (PP about (NP it )NP )PP )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (NP an American *UNKC Institute fellow )NP , )NP (VP (VP *UNK- (NP The Public Interest )NP )VP and (VP publishes (NP The National Interest )NP )VP )VP . )S  STOP
(S (NP International Business Machines Corp. )NP (VP unveiled (NP (NP a broad strategy )NP (SBAR (S (VP to (VP *UNK (NP (NP (NP the biggest problem )NP (SBAR (WHNP that )WHNP (S (NP manufacturers )NP (VP face (SBAR (WHADVP when )WHADVP (S (VP *UNKING (NP their operations )NP )VP )S )SBAR )VP )S )SBAR )NP : (S (NP Most machines )NP (VP ca n't (VP talk (PP to (NP each other )NP )PP )VP )VP )S )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The company )NP (VP unveiled (NP (NP (QP more than 50 )QP products )NP , (NP mostly software )NP , (SBAR (WHNP that )WHNP (S (VP are (VP designed (S (VP to (VP *UNK (NP (NP (NP the three areas )NP (PP of (NP a manufacturing operation )NP )PP )NP -- (NP (NP the plant floor )NP , (NP design operations )NP and (NP production planning )NP )NP )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The aim )NP , (ADVP ultimately )ADVP , (VP is (S (VP to (VP increase (NP (NP the flow )NP (PP of (NP information )NP )PP (PP into (NP (NP a manufacturer 's )NP main computer network )NP )PP (PP for (NP (NP use )NP (PP in (NP (NP business planning )NP , (NP marketing )NP and (NP other operations )NP )NP )PP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP Manufacturers )NP (VP have (ADVP already )ADVP (VP spent (ADVP (ADVP so heavily (PP on (NP *UNK )NP )PP )ADVP (SBAR that (S (NP they )NP (VP are (NP (NP one )NP (PP of (NP (NP the computer industry 's )NP leading revenue sources )NP )PP )NP )VP )S )SBAR )ADVP )VP )VP . )S  STOP
(S But (NP many manufacturers )NP (VP find (SBAR that (S (NP (NP *UNK )NP (PP between (NP different computers )NP )PP )NP (VP has (VP been (VP *UNKED (S (ADJP nearly impossible )ADJP )S (PP by (NP (NP the *UNK )NP (PP of (NP (NP computer *UNK )NP (VP used (PP by (NP (NP different machines )NP , (PP including (NP (NP *UNK )NP and (NP machine tools )NP )NP )PP )NP )PP )VP )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP IBM 's )NP announcement )NP , (SBAR (WHNP which )WHNP (S (VP (VP was (VP expected )VP )VP and (VP will (ADVP formally )ADVP (VP be (VP made (PP to (NP customers )NP )PP (NP today )NP )VP )VP )VP )VP )S )SBAR , )NP (ADVP also )ADVP (VP marks (NP an attempt (S (VP to (VP gain (NP (NP credibility )NP (PP on (NP (NP the plant floor )NP , (SBAR (SBAR (WHADVP where )WHADVP (S (NP Digital Equipment Corp. )NP (VP has (ADVP long )ADVP (VP dominated )VP )VP )S )SBAR and (SBAR (WHADVP where )WHADVP (S (NP Hewlett-Packard Co. )NP (VP has (ADVP recently )ADVP (VP gained (NP market share )NP )VP )VP )S )SBAR )SBAR )NP )PP )NP )VP )VP )S )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP have (VP said (SBAR that (S (NP (NP it )NP )NP (VP will (VP take (NP a while )NP (SBAR for (S (NP (NP all the pieces )NP (PP of (NP the IBM strategy )NP )PP )NP (VP to (VP fall (PP into (NP place )NP )PP )VP )VP )S )SBAR , (SBAR even though (S (NP (NP the specific products )NP (SBAR (S (NP IBM )NP (VP unveiled )VP )S )SBAR )NP (VP will (ADVP generally )ADVP (VP be (ADJP available )ADJP (PP by (NP (NP the end )NP (PP of (NP the first quarter )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Sam Albert )NP , (NP (NP a consultant )NP (PP in (NP (NP *UNKC )NP , (NP N.Y. )NP )NP )PP )NP , )NP (VP said (SBAR that (S (PP in (NP the past )NP )PP (NP IBM )NP (VP has (VP developed (NP broad software strategies )NP (PP only for (NP (NP problems )NP (SBAR (WHNP that )WHNP (S (VP *UNKED (NP industry lines )NP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP he )NP (VP believes (SBAR (S (NP (NP IBM 's )NP decision (S (VP to (VP invest (NP (NP this sort )NP (PP of (NP effort )NP )PP )NP (PP into (NP a single industry )NP )PP )VP )VP )S )NP (VP showed (SBAR that (S (NP it )NP (VP (VP was (VP getting (ADJP serious (PP about (S (VP understanding (NP (NP customers ' )NP problems )NP )VP )S )PP )ADJP )VP )VP and (VP was n't (VP (ADVP just )ADVP selling (NP technology )NP )VP )VP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP he )NP (VP expects (S (NP IBM )NP (VP to (VP unveil (NP (NP similar strategies )NP (PP for (NP other industries )NP )PP )NP (PP in (NP coming months )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP IBM 's )NP push )NP (VP is (ADVP also )ADVP (ADJP unusual )ADJP (PP in (NP (NP its approach )NP (PP to (NP marketing )NP )PP )NP )PP )VP . )S  STOP
(S (PP Rather than (S (VP (ADVP just )ADVP send (PRT out )PRT (NP marketing people )NP (S (VP to (VP *UNK (PP on (NP (NP customers ' )NP doors )NP )PP )VP )VP )S )VP )S )PP , (NP IBM )NP (VP is (VP making (S (NP (NP (QP several hundred )QP )NP (PP of (NP its own manufacturing people )NP )PP )NP (ADJP available (S (VP to (VP discuss (NP specific needs )NP )VP )VP )S )ADJP )S )VP )VP . )S  STOP
(S (NP (NP IBM 's )NP manufacturing staff )NP (ADVP also )ADVP (VP (VP will (VP be (ADJP able (S (VP to (VP provide (NP (NP software )NP (SBAR (WHNP that )WHNP (S (NP IBM )NP (VP has (VP developed (ADVP *UNKLY )ADVP )VP )VP )S )SBAR )NP )VP )VP )S )ADJP )VP )VP and (VP will (VP be (ADJP able (S (VP to (VP form (NP (NP teams )NP (PP with (NP a customer )NP )PP (SBAR (S (VP to (VP (ADVP jointly )ADVP solve (NP manufacturing problems )NP )VP )VP )S )SBAR )NP )VP )VP )S )ADJP )VP )VP )VP . )S  STOP
(S (S (NP IBM )NP (VP can (ADVP obviously )ADVP (VP bring (S (NP its expertise )NP (VP to (VP bear (PP on (NP (NP problems )NP (VP related (PP to (NP computer manufacturing )NP )PP )VP )NP )PP )VP )VP )S )VP )VP )S , but (S (NP it )NP (VP could (ADVP also )ADVP (VP help (NP customers )NP (PP on (NP (NP software )NP (SBAR (S (VP to (VP deal (PP with (NP (NP such things )NP (PP as (NP (NP changes )NP (PP in (NP engineering documents )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S . )S  STOP
(SINV `` (S (S (NP We )NP (VP may not (VP have (NP every manufacturing problem )NP )VP )VP )S , but (S (NP we )NP (VP have (NP most )NP )VP )S )S , '' (VP said )VP (NP (NP George *UNKC )NP , (NP (NP IBM 's )NP top marketing official )NP )NP . )SINV  STOP
(S (NP (NP Japan 's )NP Big Four securities firms )NP (VP posted (NP (NP first-half unconsolidated results )NP (SBAR (WHNP that )WHNP (S (VP *UNKED (NP (NP softer performance )NP (PP as (NP (NP a result )NP (PP of (NP (NP slower turnover )NP (PP on (NP the Tokyo Stock Exchange )NP )PP (PP during (NP July and August )NP )PP )NP )PP )NP )PP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP for (NP (NP the period )NP (VP ended (NP Sept. 30 )NP )VP )NP )PP (PP for (NP (NP the four largest brokerage firms )NP -- (NP (NP Nomura Securities Co. )NP , (NP Daiwa Securities Co. )NP , (NP Yamaichi Securities Co. )NP and (NP Nikko Securities )NP )NP -- )NP )PP )NP (ADVP also )ADVP (VP reflected (NP (NP a *UNK )NP (PP to (NP (NP (NP a fiscal year )NP (VP ending (NP March 31 )NP )VP )NP , (VP replacing (NP (NP the *UNK- term )NP (VP (ADVP formerly )ADVP finishing (NP Sept. 30 )NP )VP )NP )VP )NP )PP )NP )VP . )S  STOP
(S (PP As (NP a result )NP )PP (PRN , (S (NP brokerage house officials )NP (VP said )VP )S , )PRN (NP (NP appropriate comparisons )NP (PP from (NP (NP the same period )NP (ADVP (NP a year )NP earlier )ADVP )NP )PP )NP (VP were (ADJP unavailable )ADJP )VP . )S  STOP
(S (NP (NP Operating profit )NP , (NP pretax profit )NP and (NP net income results )NP )NP , (ADVP however )ADVP , (VP were (VP provided (PP for (NP the (ADJP immediately *UNKING )ADJP six-month period )NP )PP )VP )VP . )S  STOP
(S (NP The statistics )NP (VP follow (NP (NP a *UNK- rebound )NP (PP in (NP (NP (ADJP consolidated and unconsolidated )ADJP results )NP (PP in (NP (NP the full fiscal year )NP (VP ended (PP in (NP March 1989 )NP )PP )VP )NP )PP )NP )PP )NP , (S (VP recovering (PP from (NP (NP dismal results )NP (PP in (NP the prior fiscal year )NP )PP (PP as (NP (NP a result )NP (PP of (NP the (NAC October 1987 )NAC stock market crash )NP )PP )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (NP Nomura )NP (VP said (SBAR (S (NP its pretax profits )NP (VP inched (PRT up )PRT (NP 0.9 % )NP (PP to (NP (NP (QP *UNKN billion )QP yen )NP (PRN -LRB- (NP (QP US$ 1.75 billion )QP )NP -RRB- )PRN )NP )PP (PP from (NP (QP *UNKN billion )QP yen )NP )PP (PP in (NP (NP the six months )NP (VP ended (NP March 31 )NP )VP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Total operating profit )NP (VP fell (NP 3.1 % )NP (PP to (NP (QP *UNKN billion )QP yen )NP )PP (PP from (NP (QP *UNKN billion )QP yen )NP )PP )VP . )S  STOP
(S (NP Net income )NP , (ADVP however )ADVP , (VP rose (NP 3.7 % )NP (PP to (NP (QP *UNKN billion )QP yen )NP )PP (PP from (NP (QP *UNKN billion )QP yen )NP )PP )VP . )S  STOP
(S (NP Per-share net )NP (VP rose (PP to (NP *UNKN yen )NP )PP (PP from (NP *UNKN yen )NP )PP )VP . )S  STOP
(S (NP Daiwa )NP (VP said (SBAR (S (NP its pretax profits )NP (VP surged (NP 9.6 % )NP (PP to (NP (QP *UNKN billion )QP yen )NP )PP (PP from (NP (QP *UNKN billion )QP yen )NP (PP in (NP the *UNKING six-month term )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Operating profit )NP (VP rose (NP 5.5 % )NP (PP to (NP (QP *UNKN billion )QP yen )NP )PP (PP from (NP (QP *UNKN billion )QP yen )NP )PP )VP . )S  STOP
(S (NP Net income )NP (VP jumped (NP 21 % )NP (PP to (NP (QP *UNKN billion )QP yen )NP )PP (PP from (NP (QP *UNKN billion )QP yen )NP )PP )VP . )S  STOP
(S (NP Per-share net )NP (VP rose (PP to (NP *UNKN yen )NP )PP (PP from (NP *UNKN yen )NP )PP )VP . )S  STOP
(S (NP Yamaichi )NP (VP said (SBAR (S (NP its pretax profit )NP (VP increased (NP 8.9 % )NP (PP to (NP (QP *UNKN billion )QP yen )NP )PP (PP from (NP (QP *UNKN billion )QP yen )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Operating profit )NP (VP rose (NP 5.3 % )NP (PP to (NP (QP *UNKN billion )QP yen )NP )PP (PP from (NP (QP *UNKN billion )QP yen )NP )PP )VP . )S  STOP
(S (NP Net income )NP (VP surged (NP 21 % )NP (PP to (NP (QP *UNKN billion )QP yen )NP )PP (PP from (NP (QP *UNKN billion )QP yen )NP )PP )VP . )S  STOP
(S (NP Per-share net )NP (VP rose (PP to (NP *UNKN yen )NP )PP (PP from (NP *UNKN yen )NP )PP )VP . )S  STOP
(S (NP (NP Nikko 's )NP pretax profit )NP (VP rose (NP 1.6 % )NP (PP to (NP (QP *UNKN billion )QP yen )NP )PP (PP from (NP (QP *UNKN billion )QP yen )NP )PP )VP . )S  STOP
(S (NP Operating profit )NP (VP rose (NP 4 % )NP (PP to (NP (QP *UNKN billion )QP yen )NP )PP (PP from (NP (QP *UNKN billion )QP yen )NP )PP )VP . )S  STOP
(S (NP Net income )NP (VP rose (NP 23 % )NP (PP to (NP (QP *UNKN billion )QP yen )NP )PP (PP from (NP (QP *UNKN billion )QP yen )NP )PP )VP . )S  STOP
(S (NP Per-share net )NP (VP rose (PP to (NP *UNKN yen )NP )PP (PP from (NP *UNKN yen )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC Energy Corp. )NP (PP of (NP Dallas )NP )PP )NP (VP said (SBAR (S (NP it )NP (VP will (VP drop (NP (NP its (ADJP (QP $ *UNK- , or $ 190 million )QP , )ADJP offer )NP (PP for (NP *UNKC Petroleum Corp. )NP )PP )NP (SBAR if (S (NP the two companies )NP (VP do n't (VP have (NP an agreement (S (VP to (VP merge )VP )VP )S )NP (PP by (NP Dec. 15 )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP made (NP its offer )NP (PP in (NP August )NP )PP )VP )S )SBAR , )NP (VP said (SBAR (S (NP it )NP (ADVP still )ADVP (VP is (VP awaiting (NP (NP a response )NP (PP to (NP its offer )NP )PP (PP from (NP (NP *UNKC 's )NP board )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (ADVP also )ADVP (VP said (SBAR that (S (NP (NP its financing )NP (PP from (NP Bankers Trust Co. )NP )PP )NP (VP has (VP been (VP extended (PP until (NP Dec. 15 )NP )PP (S (VP to (VP give (NP (NP *UNKC 's )NP board )NP (NP (NP time )NP (SBAR (S (VP to (VP consider (NP the offer )NP (PP at (NP (NP a *UNKC board meeting )NP (VP scheduled (PP for (NP *UNK- )NP )PP )VP )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP owns (NP (QP about 800 )QP retail gas stations )NP )VP )S )SBAR , )NP (VP has (VP said (SBAR (S (NP it )NP (VP is (ADJP particularly interested (PP in (NP (NP *UNKC 's )NP refinery )NP )PP )ADJP (SBAR because (S (NP it )NP (VP would (VP fill (NP (NP a gap )NP (PP in (NP its business )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP However )ADVP , (NP (NP *UNKC )NP , (VP based (PP in (NP Houston )NP )PP )VP , )NP (ADVP already )ADVP (VP has (VP rejected (NP a suitor )NP (PP in (NP the past year )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC D. John )NP , (NP *UNK- president )NP , )NP (VP will (VP assume (NP (NP the additional job )NP (PP of (NP chief executive officer )NP )PP )NP )VP )VP . )S  STOP
(S (NP He )NP (VP succeeds (NP (NP Paul J. *UNKC )NP , (NP 42 )NP , (SBAR (WHNP who )WHNP (S (VP will (VP remain (NP chairman )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP National Environmental )NP (ADVP also )ADVP (VP said (SBAR (S (NP it )NP (VP will (VP move (NP its headquarters )NP (PP from (NP *UNKC )NP )PP (PP to (NP (NP (NP *UNKC )NP , (NP Pa. )NP , )NP (NP (NP the site )NP (PP of (NP its *UNK *UNKING facility )NP )PP )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP National Environmental )NP , (NP formerly *UNKC Cos. )NP , )NP (VP is (NP a *UNK treatment company )NP )VP . )S  STOP
(S (NP (NP Eagle *UNKC Inc. )NP , (SBAR (WHNP which )WHNP (S (VP is (VP operating (PP under (NP (NP Chapter 11 )NP (PP of (NP the federal Bankruptcy Code )NP )PP )NP )PP )VP )VP )S )SBAR , )NP (VP said (SBAR (S (NP it )NP (VP reached (NP (NP an agreement )NP (PP with (NP its creditors )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (PP Under (NP the accord )NP )PP , (NP (NP (NP Albert *UNKC )NP , (NP (NP chairman )NP and (NP chief executive officer )NP )NP )NP , and (NP (NP Arthur Chase )NP , (NP Sam *UNKC )NP , and (NP Louis *UNKC )NP )NP )NP (VP will (VP resign (PP as (NP (NP officers and directors )NP (PP of (NP the *UNK retailer )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Mr. Roth )NP , (SBAR (WHNP who )WHNP (S (VP has (VP been (PP on (NP (NP leave )NP (PP from (NP his posts )NP )PP )NP )PP )VP )VP )S )SBAR , )NP (VP will (VP be (VP succeeded (PP by (NP (NP *UNKC D. *UNKC )NP (PP of (NP (NP *UNKC Management Inc. )NP , (SBAR (WHNP which )WHNP (S (VP is (NP (NP Eagle 's )NP crisis manager )NP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (ADVP currently )ADVP (NP *UNK- executive )NP )VP . )S  STOP
(S (NP (NP Arnold Levine )NP , (NP acting *UNK- executive )NP , )NP (VP will (VP continue (PP as (NP (NP senior vice president )NP and (NP a board member )NP )NP )PP )VP )VP . )S  STOP
(S (NP Eagle )NP (ADVP also )ADVP (VP said (SBAR (S (NP it )NP (VP received (NP (NP a commitment )NP (PP for (NP (NP (QP as much as $ 8 million )QP )NP (PP in (NP financing )NP )PP )NP )PP (PP from (NP Norfolk Capital Group Inc )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP (NP a Norfolk affiliate )NP , (NP York Capital Inc. )NP , )NP (VP will (VP (VP purchase (NP (NP (NP all )NP (PP of (NP (NP the interests )NP (PP of (NP (NP Eagle 's )NP secured lenders )NP )PP )NP )PP )NP , (SBAR (WHNP which )WHNP (S (VP total (NP (QP $ 11.5 million )QP )NP )VP )S )SBAR , )NP )VP and (VP guarantee (NP (NP (QP as much as $ 8.2 million )QP )NP (PP in (NP (NP payments )NP (PP to (NP (NP Eagle 's )NP unsecured creditors )NP )PP )NP )PP )NP )VP )VP )VP . )S  STOP
(S (S (NP (NP A committee )NP (VP representing (NP the unsecured creditors )NP )VP )NP (VP agreed (S (VP to (VP accept (NP (NP 24 cents )NP (PP on (NP the dollar )NP )PP )NP )VP )VP )S )VP )S , (NP Eagle )NP (VP said )VP . )S  STOP
(S (NP The plan )NP (VP would (VP extend (NP (NP the period )NP (SBAR (WHPP under (WHNP which )WHNP )WHPP (S (NP Eagle )NP (VP has (NP (NP the exclusive right )NP (SBAR (S (VP to (VP file (NP a reorganization plan )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP It )NP (VP would (VP (VP *UNK (NP (NP all )NP (PP of (NP (NP Eagle 's )NP existing capital stock )NP )PP )NP )VP and (VP issue (NP new stock )NP (PP to (NP (NP York )NP (PP as (NP sole holder )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP A bankruptcy court hearing )NP )NP (VP is (VP set (PP for (NP Nov. 3 )NP )PP (PP on (NP these *UNK )NP )PP )VP )VP . )S  STOP
(S (PP In (NP (NP its bankruptcy-law petition )NP , (VP filed (PP in (NP (NP U.S. Bankruptcy Court )NP (PP in (NP Manhattan )NP )PP )NP )PP )VP )NP )PP , (NP Eagle )NP (VP said (SBAR (S (NP its problems )NP (VP began (PP in (NP (NP (NP 1987 )NP and (NP early 1988 )NP )NP (SBAR (WHADVP when )WHADVP (S (NP (NP its *UNK- lender )NP , (NP Bankers Trust Co. )NP , )NP (VP reduced (NP its credit line )NP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP September 1988 )NP )PP , (NP Eagle )NP (VP acquired (NP (NP *UNKC *UNKING Inc. )NP , (NP (NP a (ADJP closely held )ADJP New York chain )NP (VP operated (PP under (NP the Bonds name )NP )PP )VP )NP )NP )VP . )S  STOP
(S (S (NP (NP Eagle 's )NP management )NP (VP retired )VP )S and (S (NP (NP *UNKC 's )NP management )NP (VP took (NP (NP control )NP (PP of (NP the company )NP )PP )NP )VP )S . )S  STOP
(S (PP At (NP the time )NP )PP , (NP Eagle )NP (VP reached (NP (NP (NP a new credit agreement )NP (PP (PP with (NP Bankers Trust )NP )PP and (PP with (NP (NP Bank *UNKC Trust Co. )NP (PP of (NP New York )NP )PP )NP )PP )PP (PP for (NP (QP $ 8 million )QP )NP )PP )NP , and (NP (NP a new subordinated debt accord )NP (PP with (NP (NP First *UNKC Partners )NP and (NP *UNKC management )NP )NP )PP (PP for (NP (QP $ 2 million )QP )NP )PP )NP )NP )VP . )S  STOP
(S But (NP Eagle )NP (VP said (SBAR (S (S (NP the financing )NP (VP was (ADJP *UNK )ADJP )VP )S and (S (NP (NP sales )NP (PP during (NP the past fiscal year )NP )PP )NP (VP *UNKED )VP )S )S )SBAR )VP . )S  STOP
(S (PP Under (NP Chapter 11 )NP )PP , (NP a company )NP (VP operates (PP under (NP (NP protection )NP (PP from (NP (NP creditors ' )NP lawsuits )NP )PP )NP )PP (SBAR while (S (NP it )NP (VP works (PRT out )PRT (NP a plan (S (VP to (VP pay (NP debts )NP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Standard & Poor 's )NP Corp. )NP (VP said (SBAR (S (NP it )NP (VP would (VP (VP add (NP (NP John H. *UNKC Co. )NP , (NP an Atlanta check printer )NP , )NP (PP to (NP its 500-stock index )NP )PP )VP , (ADJP effective (PP at (NP (NP the close )NP (PP of (NP trading )NP )PP (PP on (NP Wednesday )NP )PP )NP )PP )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP American Medical International Inc. )NP , (NP a New York hospital operator )NP , )NP (VP will (VP be (VP *UNKED (PP from (NP the index )NP )PP (PP at (NP that time )NP )PP )VP )VP )VP . )S  STOP
(S (NP American Medical )NP (VP is (VP being (VP acquired )VP )VP )VP . )S  STOP
(S (NP (NP The tougher new regulations )NP (PP under (NP the savings-and-loan bailout law )NP )PP )NP (VP are (VP *UNKING (NP (NP the thrift industry 's )NP shrinking act )NP )VP )VP . )S  STOP
(S (S (ADVP *UNKLY )ADVP (VP to (VP meet (NP tougher new capital requirements )NP )VP )VP )S , (NP thrifts )NP (VP reduced (NP their assets )NP (NP (QP $ 13.4 billion )QP )NP (PP in (NP August )NP )PP , (PP by (S (VP selling (NP such assets )NP (PP as (NP mortgage-backed securities and loans )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP (NP Industry assets )NP (PP as (PP of (NP Aug. 31 )NP )PP )PP )NP (VP were (NP (NP (QP $ *UNKN trillion )QP )NP , (NP (NP the lowest )NP (PP since (NP August 1988 )NP )PP )NP )NP )VP . )S  STOP
(S (SBAR As (S (NP thrifts )NP (VP (VP sell (NP assets )NP (S (VP to (VP improve (NP their *UNK- ratio )NP )VP )VP )S )VP , (SBAR as (S (VP required (PP under (NP (NP the new law )NP (VP passed (PP in (NP August )NP )PP )VP )NP )PP )VP )S )SBAR )VP )S )SBAR , (NP they )NP (VP must (ADVP also )ADVP (VP reduce (NP (NP liabilities )NP , (PP such as (NP deposits )NP )PP )NP )VP )VP . )S  STOP
(S (SBAR As (S (NP (NP interest rates )NP (VP paid (NP *UNK )NP )VP )NP (VP were (VP lowered )VP )VP )S )SBAR , (NP thrift withdrawals )NP (VP exceeded (NP deposits )NP (PP by (NP (QP $ 5.1 billion )QP )NP )PP , (PP not including (NP (NP interest )NP (VP credited (PP to (NP accounts )NP )PP )VP )NP )PP )VP . )S  STOP
(S (S (NP It )NP (VP was (NP (NP the third consecutive month )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP thrifts )NP (VP shed (NP assets )NP (S (VP to (VP increase (NP (NP the size )NP (PP of (NP their capital )NP )PP (PP in (NP (NP *UNK )NP (PP to (NP their assets )NP )PP )NP )PP )NP )VP )VP )S )VP )S )SBAR )NP )VP )S , (NP (NP the Office )NP (PP of (NP Thrift Supervision )NP )PP )NP (VP said )VP . )S  STOP
(S (NP The asset *UNK )NP (VP was (VP (ADVP particularly )ADVP concentrated (PP in (NP several large California institutions )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP (NP The *UNKING )NP (PP of (NP the thrift industry )NP )PP )NP (VP is (PP (ADVP well )ADVP under (NP way )NP )PP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKLY )NP , (NP (NP an industry consultant )NP (PP in (NP (NP *UNKC )NP , (NP Va )NP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP This )NP (VP suggests (SBAR (S (NP the bailout law )NP (VP is (VP having (NP (NP a (ADJP more dramatic )ADJP effect )NP (SBAR than (S (NP anyone )NP (VP would (VP have (VP *UNKED (ADVP so soon )ADVP )VP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP James *UNKC )NP , (NP (NP an economist )NP (PP with (NP (NP the Office )NP (PP of (NP Thrift Supervision )NP )PP )NP )PP )NP , )NP (ADVP also )ADVP (VP attributed (NP (NP some )NP (PP of (NP the *UNK )NP )PP )NP (PP to (NP seasonal factors )NP )PP )VP . )S  STOP
(S `` (S (NP August )NP (VP is (NP (NP a month )NP (SBAR (WHADVP when )WHADVP (S (NP people )NP (VP are (VP paying (NP school tuition )NP )VP )VP )S )SBAR )NP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S `` (NP (NP That )NP and (NP (NP adjustment )NP (PP to (NP the new law )NP )PP )NP )NP (VP were (NP (NP the biggest factors )NP (PP in (NP the industry )NP )PP )NP )VP . '' )S  STOP
(S (PP Not including (NP (NP thrifts )NP (PP under (NP government *UNK )NP )PP )NP )PP , (S (NP *UNKC )NP (VP reduced (NP their assets )NP (PP by (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP the previous month )NP )PP )VP )S , and (S (NP deposit outflows )NP (VP totaled (NP (QP $ 3.9 billion )QP )NP )VP )S . )S  STOP
(S (PP For (NP (NP the *UNKN insolvent thrifts )NP (PP under (NP (NP government management )NP (PP at (NP (NP the end )NP (PP of (NP August )NP )PP )NP )PP )NP )PP )NP )PP , (S (NP assets )NP (VP declined (PP by (NP (QP $ 3.3 billion )QP )NP )PP )VP )S and (S (NP withdrawals )NP (VP exceeded (NP deposits )NP (PP by (NP (QP $ 1.2 billion )QP )NP )PP )VP )S . )S  STOP
(S (NP *UNKC )NP (VP raised (NP capital )NP (PP (ADVP mostly )ADVP by (S (VP selling (NP (NP (NP mortgages )NP and (NP mortgage-backed securities )NP )NP , (SBAR (WHNP which )WHNP (S (VP were (VP reduced (PP by (NP (QP $ *UNKN billion )QP )NP )PP (PP in (NP August )NP )PP (PP from (NP the prior month )NP )PP )VP )VP )S )SBAR )NP )VP )S )PP )VP . )S  STOP
(S (PP As (PP of (NP Aug. 31 )NP )PP )PP , (NP thrifts )NP (VP held (NP (NP (QP $ *UNKN billion )QP )NP (PP in (NP mortgage-backed securities )NP )PP )NP )VP . )S  STOP
(S (NP (NP The deposit numbers )NP (PP for (NP August )NP )PP )NP (VP marked (NP (NP a *UNKING )NP (ADVP back (PP to (NP huge outflows )NP )PP )ADVP )NP (PP after (NP (NP (NP a July net deposit *UNK )NP (PP of (NP (QP $ 54 million )QP )NP )PP )NP -- (NP (NP the only net *UNK )NP (PP in (NP (NP more )NP (PP than (NP a year )NP )PP )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP are n't (VP expected (S (VP to (VP exceed (NP withdrawals )NP (PP in (NP the *UNK future )NP )PP )VP )VP )S , (SBAR as (S (NP the industry )NP (VP continues (S (VP to (VP shrink )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S `` (S (NP I )NP (VP think (SBAR (S (NP we )NP (VP are (VP going (S (VP to (VP see (S (NP deposit *UNK )NP (VP continue )VP )S , (SBAR unless (S (NP we )NP (VP see (NP (NP big changes )NP (PP in (NP rates )NP )PP )NP )VP )S )SBAR )VP )VP )S )VP )VP )S )SBAR )VP )S , '' (NP Mr. *UNKLY )NP (VP said )VP . )S  STOP
(S (PP For (NP (NP the first eight months )NP (PP of (NP 1989 )NP )PP )NP )PP , (NP (NP thrifts ' )NP withdrawals )NP (VP exceeded (NP deposits )NP (PP by (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (PP For (NP the prior year )NP )PP , (NP deposits )NP (VP exceeded (NP withdrawals )NP (PP by (NP (QP $ 8.8 billion )QP )NP )PP )VP . )S  STOP
(S (NP (NP (NP The estimates )NP (PP of (NP real gross national product )NP )PP )NP (VP prepared (PP by (NP (NP (NP the Bureau )NP (PP of (NP Economic *UNKC )NP )PP )NP (PP in (NP (NP the Department )NP (PP of (NP Commerce )NP )PP )NP )PP )NP )PP )VP )NP (VP (ADVP significantly )ADVP *UNK (NP (NP the rate )NP (PP of (NP economic growth )NP )PP )NP )VP . )S  STOP
(S (SBAR Since (S (NP (NP (NP the bureau 's )NP estimates )NP (PP for (NP the business sector )NP )PP )NP (VP provide (NP (NP the *UNK )NP (PP for (NP (NP the productivity *UNK )NP (VP calculated (PP by (NP (NP the Department )NP (PP of (NP Labor )NP )PP )NP )PP )VP )NP )PP )NP )VP )S )SBAR , (NP *UNKED growth rates )NP (VP (ADVP *UNKLY )ADVP *UNK (NP official productivity statistics )NP )VP . )S  STOP
(S (S (SBAR If (S (NP this *UNK )NP (VP is (ADJP correct )ADJP )VP )S )SBAR , (NP it )NP (VP has (NP (NP important implications )NP (PP for (NP *UNK policies )NP )PP )NP )VP )S : (S (NP It )NP (VP may (VP lower (NP (NP the sense )NP (PP of (NP *UNK )NP )PP (PP behind (NP (NP (NP efforts )NP (SBAR (S (VP to (VP *UNK (NP tax incentives )NP )VP )VP )S )SBAR )NP and (NP (NP other measures )NP (SBAR (S (VP to (VP increase (NP (NP (NP the rate )NP (PP of (NP (NP growth )NP (PP in (NP productivity )NP )PP )NP )PP )NP and (NP real GNP )NP )NP )VP )VP )S )SBAR )NP )NP )PP )NP )VP )VP )S . )S  STOP
(S (NP It )NP (VP would (ADVP also )ADVP (VP affect (NP (NP the perceptions )NP (PP of (NP (NP (NP the board )NP (PP of (NP governors )NP )PP (PP of (NP the Federal Reserve System )NP )PP )NP , and (NP the informed public generally )NP , )NP )PP (PP as (PP to (SBAR (WHNP what )WHNP (S (VP *UNK (NP (NP a reasonable degree )NP (PP of (NP price stability )NP )PP )NP )VP )S )SBAR )PP )PP )NP )VP )VP . )S  STOP
(S (PP In (NP the early 1980s )NP )PP , (NP I )NP (VP predicted (NP (NP a significant *UNK )NP (PP in (NP productivity growth )NP )PP (PP over (NP (NP the rest )NP (PP of (NP the decade )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP This forecast )NP (VP was (VP based (PP on (NP (NP the apparent reversal )NP (PP of (NP (NP most )NP (PP of (NP (NP (NP the negative forces )NP -- (PP such as (NP (NP *UNK changes )NP , (NP the oil shock )NP and (NP *UNKING inflation )NP )NP )PP -- (SBAR (WHNP that )WHNP (S (VP had (VP reduced (NP productivity gains )NP (PP in (NP the 1970s )NP )PP )VP )VP )S )SBAR )NP )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP There )NP (VP has (ADVP indeed )ADVP (VP been (NP (NP more )NP (PP than (NP (NP a (ADJP one percentage point )ADJP improvement )NP (PP in (NP productivity growth )NP )PP )NP )PP )NP (PP since (NP 1981 )NP )PP )VP )VP . )S  STOP
(S But (NP I )NP (VP (VP had (VP expected (NP more )NP )VP )VP , (SBAR (WHNP which )WHNP (S (VP is (NP (NP one reason )NP (SBAR (S (NP I )NP (VP began (S (VP looking (PP at (NP (NP evidence )NP (VP suggesting (NP (NP defects )NP (PP in (NP the official output estimates )NP )PP )NP )VP )NP )PP )VP )S )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The evidence )NP (VP does not (VP (ADVP clearly )ADVP support (NP the view (SBAR that (S (NP (NP the downward bias )NP (PP in (NP output growth )NP )PP )NP (VP has (VP become (ADJP greater )ADJP (PP during (NP the *UNKN period )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S , but (S (NP (NP all )NP (SBAR (S (NP I )NP (VP am (VP claiming )VP )VP )S )SBAR )NP (VP is (SBAR that (S (NP the growth trend )NP (VP is (VP *UNKED )VP )VP )S )SBAR )VP )S . )S  STOP
(S -LRB- (NP (NP It )NP )NP (VP is , (ADVP however )ADVP , (ADJP possible )ADJP , (SBAR that (S (NP further study )NP (VP will (VP reveal (NP increasing bias )NP )VP )VP )S )SBAR )VP . -RRB- )S  STOP
(S (NP This bias )NP (VP is (PP in (NP no way )NP )PP (ADJP *UNK )ADJP )VP . )S  STOP
(S (NP (NP The *UNK )NP (PP of (NP growth )NP )PP )NP (VP is (ADJP due (ADVP largely )ADVP (PP to (NP (NP the conservative *UNK )NP (VP adopted (S (VP to (VP deal (PP with (NP (NP *UNK )NP (PP in (NP basic economic data )NP )PP )NP )PP )VP )VP )S )VP )NP )PP )ADJP )VP . )S  STOP
(S (NP (NP The first )NP (PP of (NP (NP three major sources )NP (PP of (NP error )NP )PP )NP )PP )NP (VP is (NP (NP the use )NP (PP of (NP (NP labor *UNK estimates )NP (PRN -LRB- (NP mainly employment or hours )NP -RRB- )PRN )NP )PP (PP instead of (NP (NP output estimates )NP (PP for (NP (NP (NP those sectors )NP , (PP such as (NP (NP governments )NP , (NP paid household services )NP and (NP private *UNK- institutions )NP )NP )PP , )NP (SBAR (WHADVP where )WHADVP (S (NP there )NP (VP are (NP (NP difficulties )NP (PP in (S (VP *UNKING (NP output data )NP )VP )S )PP )NP )VP )S )SBAR )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP This )NP (VP means (SBAR that (S (NP no *UNK )NP (VP is (VP made (PP for (NP (NP possible increases )NP (PP in (NP output )NP )PP (PP per (NP (NP unit )NP (PP of (NP labor )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP an unrelated program )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP the Labor Department )NP (VP does (VP estimate (NP (NP output )NP (PP per (NP employee )NP )PP )NP (PP for (NP (NP (QP more than two-thirds )QP )NP (PP of (NP federal *UNK employees )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP , (NP it )NP (VP found (NP (NP an average annual rate )NP (PP of (NP (NP productivity improvement )NP (PP of (NP 1.7 % )NP )PP )NP )PP (PP during (NP the 1980s )NP )PP )NP )VP . )S  STOP
(S (SBAR Even if (S (NP it )NP (VP is (VP assumed (SBAR that (S (NP productivity )NP (VP rose (ADVP (ADVP no more )ADVP (PP than (ADVP half as quickly )ADVP )PP )ADVP (PP in (NP (NP the rest )NP (PP of (NP the *UNK sector )NP )PP )NP )PP )VP )S )SBAR )VP )VP )S )SBAR , (NP this Labor Department estimate )NP (VP indicates (NP (NP a downward bias )NP (PP in (NP (NP the real GNP estimates )NP (PP of (NP (NP 0.2 percentage point )NP (NP a year )NP , (PP on (NP average )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The federal productivity *UNK )NP (VP use (NP labor *UNK (PRN , (PP rather than (NP output )NP )PP , )PRN data )NP (PP for (NP (NP their calculations )NP (PP of (NP (NP half )NP (PP of (NP private (UCP financial and service )UCP industries )NP )PP )NP )PP )NP )PP (ADVP as well )ADVP )VP . )S  STOP
(S (NP (NP (NP Independent estimates )NP (PP of (NP (NP output )NP (PP in (NP those industries )NP )PP )NP )PP )NP , (PP including (NP (NP one )NP (PP by (NP (NP the Department )NP (PP of (NP Labor )NP )PP )NP )PP (PP for (NP banking )NP )PP )NP )PP , )NP (VP suggests (SBAR that (S (NP (NP productivity )NP (PP in (NP finance and services )NP )PP )NP (VP appears (S (VP to (VP have (VP risen (PP by (NP (NP an average )NP (PP of (NP (NP (ADVP at least )ADVP 1.5 % )NP (NP a year )NP )NP )PP )NP )PP (PP between (NP *UNKN and 1988 )NP )PP )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (SBAR Because (S (NP finance and services )NP (VP contribute (NP 10 % )NP (PP to (NP final business product )NP )PP )VP )S )SBAR , (S (VP missing (NP these productivity improvements )NP )VP )S (VP *UNK (NP the overall growth rate )NP (PP by (NP (NP *UNKN % )NP (NP a year )NP )NP )PP )VP . )S  STOP
(S (NP (NP The second source )NP (PP of (NP (NP error )NP (PP in (NP growth statistics )NP )PP )NP )PP )NP (VP is (NP (NP the use )NP (PP of (NP *UNK *UNK )NP )PP (SBAR (S (VP to (VP adjust (PP for (NP price changes )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP I )NP (VP estimate (SBAR that (S (NP (NP these *UNK )NP (SBAR as (S (VP detailed (PP by (NP (NP Martin N. *UNKLY )NP and (NP Robert J. *UNKC )NP )NP )PP )VP )S )SBAR )NP (VP add (NP a (QP further *UNKN )QP percentage point )NP (PP to (NP (NP the downward bias )NP (PP in (NP (NP the growth rate )NP (PP of (NP real business product )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Finally )ADVP , (NP the official estimates )NP (VP *UNK (NP growth )NP (SBAR because (S (NP they )NP (VP make (NP inadequate *UNK )NP (PP for (NP (NP improvements )NP (PP in (NP (NP quality )NP (PP of (NP goods and services )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (PP In (NP 1985 )NP )PP , (NP (NP a new price index )NP (PP for (NP computers )NP )PP (VP adjusted (PP for (NP (NP changes )NP (PP in (NP performance *UNK )NP )PP )NP )PP )VP )NP (VP was (VP introduced )VP )VP )S , and (S (NP that )NP (VP resulted (PP in (NP (NP a (ADJP significantly larger )ADJP increase )NP (PP in (NP (NP real outlays )NP (PP for (NP durable goods )NP )PP )NP )PP (SBAR than (S (NP the earlier estimates )NP (VP had (VP showed )VP )VP )S )SBAR )NP )PP )VP )S . )S  STOP
(S (PP Since (NP then )NP )PP , (NP further research )NP (VP argues (SBAR that (S (NP failure (S (VP to (VP take (NP account )NP (PP of (NP quality improvements )NP )PP )VP )VP )S )NP (VP has (VP contributed (NP (NP a total )NP (PP of (NP (QP (ADVP at least )ADVP *UNKN )QP percentage point )NP )PP )NP (PP to (NP (NP the downward bias )NP (PP in (NP the growth rate )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP sum )NP )PP , (NP (NP the *UNK )NP (VP *UNKED (ADVP above )ADVP )VP )NP (VP indicate (NP (NP a (ADJP 0.7 percentage point )ADJP *UNK )NP (PP in (NP (NP growth )NP (PP of (NP total real GNP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP For (NP the private domestic business economy )NP )PP , (NP the bias )NP (VP was (NP (QP a bit over 0.5 )QP percentage point )NP )VP . )S  STOP
(S (PP In (NP other words )NP )PP , (NP (NP the growth rates )NP (PP of (NP both (NP total GNP )NP and (NP (NP real private business product )NP (PP per (NP labor hour )NP )PP )NP )NP )PP )NP (VP have (VP been (VP *UNKED (PP by (NP (QP about 20 )QP % )NP )PP )VP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (NP (NP professor *UNK )NP (PP of (NP economics )NP )PP (PP at (NP George Washington University )NP )PP )NP )VP . )S  STOP
(S (NP He )NP (VP is (NP (NP *UNK- )NP (PP of (NP `` (NP (NP Personal *UNKC )NP : (SBAR (WHADVP How )WHADVP (S (VP to (VP *UNKC (NP (NP Your *UNKC )NP (PP in (NP *UNKING )NP )PP )NP )VP )VP )S )SBAR )NP '' (PRN -LRB- (NP *UNKC *UNKC )NP , (NP 1988 )NP -RRB- )PRN )NP )PP )NP )VP . )S  STOP
(S (NP Union Carbide Corp. )NP (VP said (SBAR (S (NP third-quarter net income )NP (VP plunged (NP 35 % )NP (PP from (NP a year earlier )NP )PP (PP on (NP (NP weakness )NP (PP in (NP (NP the company 's )NP *UNK chemicals and plastics business )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Net )NP (VP was (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 98 cents )NP (NP a share )NP )NP , )NP (PP for (NP the quarter )NP )PP , (PP compared (PP with (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP , )NP (ADVP (NP a year )NP ago )ADVP )NP )PP )PP )VP . )S  STOP
(S (NP Sales )NP (VP were (NP (QP $ *UNKN billion )QP )NP , (ADVP up (NP 1.6 % )NP (PP from (NP (QP $ *UNKN billion )QP )NP (NP the previous year )NP )PP )ADVP )VP . )S  STOP
(S (NP Carbide )NP , (PP like (NP (NP other companies )NP (PP with (NP (NP a heavy *UNK )NP (PP on (NP (NP the so-called commodity end )NP (PP of (NP the chemicals industry )NP )PP )NP )PP )NP )PP )NP )PP , (VP was (VP expected (S (VP to (VP post (NP (NP earnings )NP (ADJP (ADJP sharply lower )ADJP (PP than (PP in (NP an (ADJP *UNKLY strong )ADJP 1988 third quarter )NP )PP )PP )ADJP )NP )VP )VP )S )VP )VP . )S  STOP
(S But (NP (NP the company 's )NP latest quarter )NP (VP was (ADJP (ADJP (NP (NP a few *UNK )NP (NP a share )NP )NP lower )ADJP (PP than (NP (NP the (ADJP more pessimistic )ADJP projections )NP (PP on (NP Wall Street )NP )PP )NP )PP )ADJP )VP . )S  STOP
(SINV `` (S (S (NP It )NP (ADVP certainly )ADVP (VP was n't (NP a disaster )NP )VP )S , but (S (NP it )NP (VP does (VP show (NP (NP weakness )NP '' (PP in (NP (NP some )NP (PP of (NP (NP the company 's )NP chief markets )NP )PP )NP )PP )NP )VP )VP )S )S , (VP said )VP (NP (NP George *UNKC )NP , (NP (NP a *UNK- analyst )NP (PP at (NP Oppenheimer & Co )NP )PP )NP )NP . )SINV  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP , (NP Carbide )NP (VP closed (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP , (ADVP down (NP 50 cents )NP )ADVP )VP . )S  STOP
(S (S (NP (NP Prices )NP (PP for (NP (NP *UNK )NP , (NP (NP a common plastic )NP and (NP an important Carbide product )NP )NP , )NP )PP )NP (VP started (S (VP to (VP fall (ADVP early (NP this year )NP )ADVP )VP )VP )S )VP )S ; (S (NP the slide )NP (VP *UNKED (PP in (NP the third quarter )NP )PP (SBAR as (S (NP buyers )NP (VP continued (S (VP to (VP trim (NP inventories )NP )VP )VP )S )VP )S )SBAR )VP )S . )S  STOP
(S (NP (NP Prices )NP )NP (ADVP also )ADVP (VP fell (PP for (NP (NP (NP *UNK *UNK )NP and (NP *UNK )NP )NP , (NP (NP products )NP (VP used (PP in (S (VP making (NP *UNK )NP )VP )S )PP )VP )NP )NP )PP )VP . )S  STOP
(S (NP (NP Some producers )NP (PP of (NP *UNK )NP )PP )NP , (S (VP *UNKING (SBAR (S (NP the inventory reductions )NP (VP are (PP near (NP an end )NP )PP )VP )S )SBAR )VP )S , (VP have (VP announced (NP price boosts )NP )VP )VP . )S  STOP
(S (NP (NP The first real test )NP (PP of (SBAR whether (S (NP prices )NP (VP have (VP hit (NP bottom )NP )VP )VP )S )SBAR )PP )NP (VP may (VP come (PP in (NP (NP the next several weeks )NP , (SBAR (WHADVP when )WHADVP (S (NP the new prices )NP (VP become (ADJP effective )ADJP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP A Carbide spokesman )NP (VP said `` (SBAR (S (NP the conditions )NP (VP are (ADJP right )ADJP (SBAR for (S (NP the increase )NP (VP to (VP hold )VP )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (PP For (NP the third quarter )NP )PP , (NP (NP operating profit )NP (PP from (NP (NP Carbide 's )NP chemicals and plastics business )NP )PP )NP (VP fell (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP (ADVP (NP a year )NP ago )ADVP )PP , (PP before (S (VP accounting (PP for (NP (NP taxes )NP and (NP interest expense )NP )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP (NP Operating profit )NP (PP from (NP (NP carbon products )NP , (PP such as (NP *UNK *UNK )NP )PP , )NP )PP )NP (VP (ADVP also )ADVP declined , (PP to (NP (QP $ 6 million )QP )NP )PP (PP from (NP (QP $ 20 million )QP )NP )PP )VP . )S  STOP
(S (PP In (NP the *UNK- segment )NP )PP , (NP operating profit )NP (VP climbed (PP to (NP (QP $ 87 million )QP )NP )PP (PP from (NP (QP $ 58 million )QP )NP )PP )VP . )S  STOP
(S (NP The latest quarter )NP (VP included (NP (NP a gain )NP (PP of (NP (QP about $ 62 million )QP )NP )PP (PP on (NP (NP the sale )NP (PP of (NP (NP the company 's )NP *UNK *UNK and *UNK *UNK businesses )NP )PP )NP )PP )NP )VP . )S  STOP
(S (S (NP *UNKC *UNK )NP (VP are (VP used (PP in (S (VP making (NP (NP *UNK- products )NP (PP such as (NP *UNK )NP )PP )NP )VP )S )PP )VP )VP )S , and (S (NP *UNK *UNK )NP (VP are (VP used (PP in (S (VP making (NP (NP the *UNK *UNK )NP (VP found (PP in (NP (NP furniture *UNKING )NP and (NP other products )NP )NP )PP )VP )NP )VP )S )PP )VP )VP )S . )S  STOP
(S (NP That gain )NP (VP was (VP (ADVP mostly )ADVP offset (PP by (NP (NP a loss )NP (PP of (NP (QP about $ 55 million )QP )NP )PP (PP from (NP (NP a write-down )NP (PP in (NP its *UNK business )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (VP used (PP in (S (VP making (NP integrated *UNK )NP )VP )S )PP )VP )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP net )NP (VP totaled (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP (ADVP up (NP 5 % )NP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (ADVP (NP a year )NP ago )ADVP )PP )ADVP )VP . )S  STOP
(S (NP Sales )NP (VP rose (NP 7.7 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (S (NP (QP At least 10 )QP states )NP (VP are (VP *UNKING (NP (NP (NP Drexel Burnham Lambert Inc. 's )NP nationwide effort )NP (SBAR (S (VP to (VP settle (NP its legal troubles )NP )VP )VP )S )SBAR )NP )VP )VP )S , and (S (NP some )NP (VP might (ADVP instead )ADVP (VP try (S (VP to (VP *UNK (NP (NP (NP the firm 's )NP license )NP (SBAR (S (VP to (VP sell (NP securities )NP (PP within (NP their *UNK )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S . )S  STOP
(SINV (S (NP (NP The reluctance )NP (PP of (NP some states )NP )PP (SBAR (S (VP to (VP let (S (NP Drexel )NP (PP off (NP the *UNK )NP )PP )S )VP )VP )S )SBAR )NP (VP could (VP *UNK (NP (NP the firm 's )NP attempts (S (VP to (VP *UNK (NP its image )NP (PP after (NP (NP its guilty plea )NP (PP to (NP six *UNK )NP )PP (NP last month )NP )NP )PP )VP )VP )S )NP )VP )VP )S , (VP say )VP (NP (NP several people )NP (ADJP familiar (PP with (NP the discussions )NP )PP )ADJP )NP . )SINV  STOP
(S (PP Up (PP to (NP now )NP )PP )PP , (NP Drexel )NP (VP has (VP made (NP (NP a *UNK- series )NP (PP of (NP (NP settlements )NP (PP with (NP (NP 25 states )NP and (NP (NP the *UNK )NP (PP of (NP Puerto Rico )NP )PP )NP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP Just yesterday )NP , (NP New Hampshire )NP (VP announced (SBAR (S (NP it )NP (VP made (NP (NP (NP a (ADJP $ *UNKN )ADJP settlement )NP (PP with (NP Drexel )NP )PP )NP , )NP (NP (NP a *UNKING fine )NP (PP for (NP (NP a *UNK- matter )NP (PP in (NP that state )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP These states )NP (VP have (VP been (VP entering (PP into (NP (NP settlements )NP (PP with (NP Drexel )NP )PP )NP )PP (PP as (NP (NP part )NP (PP of (NP (NP (NP the firm 's )NP efforts )NP (SBAR (S (VP to (VP operate (ADVP freely )ADVP (NP (NP anywhere )NP (PP in (NP the U.S. )NP )PP )NP (PP despite (NP (NP its record )NP (PP as (NP an admitted *UNK )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S But (NP (NP individuals )NP (ADJP familiar (PP with (NP the (ADJP generally successful )ADJP Drexel talks )NP )PP )ADJP )NP (VP say (SBAR (S (NP the firm )NP (VP is (VP meeting (NP (NP resistance )NP (PP from (NP (NP some big states )NP , (PP including (NP (NP New Jersey )NP , (NP New York )NP , (NP California )NP , (NP Pennsylvania )NP , (NP Connecticut )NP and (NP Missouri )NP )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Officials )NP (PP in (NP (NP some )NP (PP of (NP these states )NP )PP )NP )PP )NP (VP say (SBAR (S (NP they )NP (VP do n't (VP want (S (VP to (VP (ADVP simply )ADVP accept (NP (NP the settlements )NP (VP offered (PP by (NP Drexel )NP )PP )VP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP question (SBAR if (S (NP Drexel )NP (VP is (VP getting (NP (NP easier treatment )NP (PP than (NP (NP the many small *UNK- firms )NP (SBAR (WHNP whose brokerage licenses )WHNP (S (VP are (ADVP routinely )ADVP (VP *UNKED )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Drexel )NP (VP has (S (VP to (VP settle (PP with (NP state securities regulators )NP )PP (PP in (NP (NP the wake )NP (PP of (NP (NP its criminal guilty plea )NP and (NP (NP a related civil settlement )NP (PP with (NP the Securities and Exchange Commission )NP )PP (SBAR (WHNP that )WHNP (S (VP includes (NP (NP payment )NP (PP of (NP (NP (QP $ 650 million )QP )NP (PP in (NP penalties )NP )PP )NP )PP )NP )VP )S )SBAR )NP )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP These )NP (VP stem (PP from (NP (NP a two-year federal investigation )NP (PP of (NP (NP (NP insider trading )NP )NP and (NP (NP securities fraud )NP )NP (PP on (NP Wall Street )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(SINV (S (NP (NP Ohio )NP , (NP (NP the District )NP (PP of (NP Columbia )NP )PP )NP , (NP Tennessee )NP and (NP Illinois )NP )NP (VP (VP have (VP been (ADJP (ADJP less *UNK (PP to (NP Drexel )NP )PP )ADJP (PP than (NP the other six states )NP )PP )ADJP )VP )VP , but (VP (ADVP nonetheless )ADVP have (VP refused (S (VP to (VP settle (ADVP so far )ADVP )VP )VP )S )VP )VP )VP )S , (VP say )VP (NP (NP those )NP (ADJP familiar (PP with (NP the discussions )NP )PP )ADJP )NP . )SINV  STOP
(S (S (NP Drexel )NP (VP says (SBAR (S (NP it )NP (VP does n't (VP expect (SBAR (S (NP (NP any )NP (PP of (NP its state brokerage licenses )NP )PP )NP (VP will (VP be (VP *UNKED )VP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )S , and (S (SBAR even if (S (NP some )NP (VP are )VP )S )SBAR , (NP its securities business )NP (VP would n't (VP be (VP (ADVP directly )ADVP hurt )VP )VP )VP )S . )S  STOP
(S (S (NP It )NP (ADVP already )ADVP (VP has (VP sold (NP its (ADJP retail , or *UNK- , )ADJP brokerage network )NP )VP )VP )S ; (S (NP securities firms )NP (VP do n't (VP need (NP (NP brokerage licenses )NP (PP for (NP (NP *UNK- activities )NP (PP such as (NP investment banking )NP )PP )NP )PP )NP )VP )VP )S . )S  STOP
(S (ADVP Still )ADVP , (SBAR if (FRAG (NP nothing else )NP )FRAG )SBAR , (NP a *UNKED brokerage license )NP (VP could (VP be (NP a burden )NP (SBAR because (S (NP it )NP (VP must (VP be (VP disclosed (PP in (NP (NP many )NP (PP of (NP (NP the transactions )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP Drexel )NP (VP could (VP be (VP involved )VP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Securities regulators )NP (VP *UNK (NP Drexel )NP (PP for (NP (NP its *UNK effort )NP , (VP led (PP by (NP *UNKED general counsel *UNKC S. Cohen )NP )PP )VP , (SBAR (S (VP to (VP settle (NP its legal problems )NP (PP with (NP the states )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S But (NP they )NP (VP disagree (PP about (NP (NP the message )NP (SBAR (S (NP these settlements )NP (VP give (PP to (NP the public )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(SINV `` (S (NP There )NP (VP was (NP (NP a lot )NP (PP of (NP (NP internal debate )NP (PP about (NP that specific issue )NP )PP )NP )PP )NP )VP , '' )S (VP said )VP (NP (NP *UNKC Bryant )NP , (NP (NP (NP Oklahoma 's )NP chief securities regulator )NP and (NP (NP president )NP (PP of (NP (NP the North American Securities *UNKC Association )NP , (SBAR (WHNP which )WHNP (S (VP drafted (NP a voluntary settlement plan )NP (PP for (NP the states )NP )PP (PP with (NP Drexel )NP )PP )VP )S )SBAR )NP )PP )NP )NP )NP . )SINV  STOP
(S (NP The question )NP (PRN , (S (NP she )NP (VP said )VP )S , )PRN (VP is (SBAR (SBAR whether (S (NP Drexel )NP (VP should (VP be (VP allowed (S (VP to (VP (VP pay )VP and (VP move (PRT on )PRT )VP )VP )VP )S )VP )VP )VP )S )SBAR , or `` (SBAR whether (S (NP you )NP (VP should (VP (PRN -LRB- (ADVP simply )ADVP -RRB- )PRN *UNK (NP the license )NP (SBAR (WHADVP when )WHADVP (S (NP someone )NP (VP is (VP convicted (PP of (NP a felony )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )SBAR )VP . '' )S  STOP
(S (SBAR While (S (NP (NP Ms. Bryant 's )NP state )NP (VP (VP went (ADVP ahead )ADVP )VP and (VP accepted (NP (NP (NP Drexel 's )NP settlement offer )NP (PP of (NP $ 25,000 )NP )PP )NP )VP )VP )S )SBAR , (NP she )NP (VP said : `` (S (NP I )NP (VP do n't (VP have (NP (NP any argument )NP (PP with (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP came (PP to (NP different *UNK )NP )PP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP I )NP (VP can (VP see (NP both sides )NP )VP )VP . '' )S  STOP
(S (ADVP Similarly )ADVP , (NP (NP Alfred *UNKC )NP , (NP (NP (NP New Hampshire 's )NP director )NP (PP of (NP securities regulation )NP )PP )NP , )NP (VP said (SBAR (S (S (NP his state )NP (VP had n't (VP received (NP (NP any complaints )NP (PP about (NP Drexel )NP )PP )NP )VP )VP )S , so (S (NP it )NP (ADVP really )ADVP (VP could n't (VP press (NP the issue )NP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (S (ADVP Still )ADVP , `` (NP I )NP (VP understand (NP (NP the reasons '' )NP (SBAR (WHADVP that )WHADVP (S (NP other states )NP (VP are (VP holding (PRT out )PRT )VP )VP )S )SBAR )NP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (NP (NP Mr. Cohen )NP , (NP the Drexel general counsel )NP , )NP (VP said , `` (S (NP I )NP (VP do n't (VP think (PRN , (SBAR as (S (NP we )NP (VP say (PP in (NP investment banking )NP )PP )VP )S )SBAR , )PRN (SBAR that (S ` (PP by (NP (NP the end )NP (PP of (NP the day )NP )PP )NP )PP ' (NP we )NP (VP 'll (VP be (VP losing (NP any licenses )NP )VP )VP )VP )S )SBAR )VP )VP )S )VP . '' )S  STOP
(S (S (VP Asked (PP about (NP (NP states )NP (SBAR (WHNP that )WHNP (S (VP are (VP taking (NP a hard line )NP )VP )VP )S )SBAR )NP )PP )VP )S , (NP he )NP (VP said , `` (S (NP There )NP (VP are (NP (NP states )NP (SBAR (WHNP that )WHNP (S (VP have (VP asked (PP for (NP (NP additional information )NP , (SBAR (WHNP which )WHNP (S (NP we )NP (VP are (VP providing (PP to (NP them )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )VP )S )VP . '' )S  STOP
(S (NP Mr. Cohen )NP (VP said (SBAR (SBAR (S (NP (QP more than $ 2.8 million )QP )NP (VP has (VP been (VP paid (PP to (NP 26 states )NP )PP )VP )VP )VP )S )SBAR and (SBAR that (S (NP Drexel )NP (ADVP still )ADVP (VP expects (S (VP to (VP pay (PRT out )PRT (NP (NP a total )NP (PP of (NP (QP $ 11.5 million )QP )NP )PP )NP )VP )VP )S )VP )S )SBAR )SBAR )VP . )S  STOP
(S (S (PP By (NP (NP the end )NP (PP of (NP this week )NP )PP )NP )PP , (NP Drexel )NP (VP should (VP have (NP (QP another three to four )QP settlements )NP )VP )VP )S , (NP Mr. Cohen )NP (VP said )VP . )S  STOP
(S `` (S (NP (NP The rate )NP (SBAR (S (NP we )NP (VP 're (VP going )VP )VP )S )SBAR )NP , (NP I )NP (VP think (SBAR that (S (PP by (NP (NP the end )NP (PP of (NP the month )NP )PP )NP )PP , (NP we )NP (VP 're (VP looking (S (VP to (VP have (NP (NP a total )NP (PP of (NP (QP 30 to 35 )QP )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP That total )NP (VP would (VP be (ADJP important (PP for (NP Drexel )NP )PP )ADJP )VP )VP . )S  STOP
(S (NP The investment bank )NP (VP has (ADVP previously )ADVP (VP announced (SBAR that (S (PP as (NP (NP part )NP (PP of (NP its *UNK )NP )PP )NP )PP (NP it )NP (VP would (VP create (NP (NP an independent foundation )NP (SBAR (S (VP to (VP promote (NP (NP *UNK behavior )NP (PP in (NP the securities industry )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP A *UNK )NP (PP to (NP that promise )NP )PP )NP (VP is (SBAR that (S (NP (NP a minimum )NP (PP of (NP 35 states )NP )PP )NP (VP reach (NP settlement agreements )NP (PP before (NP next Tuesday )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP There )NP (VP are , (PP according (PP to (NP several securities *UNK )NP )PP )PP , (NP (NP (QP at least 16 )QP states )NP (SBAR (SBAR (WHNP that )WHNP (S (VP are (ADVP either )ADVP (ADJP close (PP to (NP (NP settlements )NP (PP with (NP Drexel )NP )PP )NP )PP )ADJP )VP )S )SBAR or (SBAR (WHNP who )WHNP (S (VP do n't (VP appear (ADJP opposed (PP to (NP settling )NP )PP )ADJP )VP )VP )S )SBAR )SBAR )NP )VP . )S  STOP
(S (NP (NP Drexel 's )NP proposed state fines )NP (VP have (VP been (VP based (PP (PP on (NP (NP a state 's )NP population )NP )PP and (PP on (NP (NP the size )NP (PP of (NP (NP (NP Drexel 's )NP business )NP (PP in (NP the state )NP )PP )NP )PP )NP )PP )PP )VP )VP )VP . )S  STOP
(S (NP New Jersey )NP , (PP for (NP example )NP )PP , (VP (VP was (VP asked (S (VP to (VP accept (NP $ *UNKN )NP )VP )VP )S )VP )VP , but (VP refused )VP )VP . )S  STOP
(S (NP The state )NP (VP is n't (VP ruling (PRT out )PRT (S (VP *UNKING (NP (NP Drexel 's )NP brokerage license )NP )VP )S )VP )VP . )S  STOP
(S (NP The state )NP (VP can (ADVP also )ADVP (VP bar (NP Drexel )NP (PP as (NP an investment adviser )NP )PP )VP )VP . )S  STOP
(S (S (NP State officials )NP (VP wo n't (VP describe (NP their position )NP (PP in (NP detail )NP )PP )VP )VP )S , but (S (NP (NP James *UNKC Smith )NP , (NP state securities chief )NP , )NP (VP said : `` (S (NP We )NP (VP (VP (ADVP really )ADVP are (ADVP still )ADVP (VP looking (PP at (NP it )NP )PP )VP )VP and (VP have (VP informed -LRB- (NP Drexel )NP -RRB- (SBAR that (S (NP the proposal )NP (VP is (ADVP really )ADVP not (ADJP sufficient (PP for (NP settlement )NP )PP )ADJP )VP )S )SBAR )VP )VP )VP )S )VP )S . '' )S  STOP
(S (NP Connecticut )NP (ADVP already )ADVP (VP has (VP issued (NP (NP a `` notice )NP (PP of (NP intent '' (S (VP to (VP *UNK (NP (NP Drexel 's )NP brokerage license )NP )VP )VP )S )NP )PP )NP )VP )VP . )S  STOP
(S (NP It )NP (VP is (NP (NP one )NP (PP of (NP (NP the states )NP (SBAR (WHNP that )WHNP (S (VP have (VP (VP met (PP with (NP Mr. Cohen )NP )PP )VP and (VP asked (PP for (NP (NP additional information )NP (PP about (NP (NP (NP investors ' )NP accounts )NP and (NP other matters )NP )NP )PP )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S `` (S (NP This particular issue )NP (VP goes (PP to (NP (NP the very integrity )NP (PP of (NP the *UNK- market )NP )PP )NP )PP )VP )S , '' (NP state Banking *UNKC (NP Howard Brown )NP )NP (VP said )VP . )S  STOP
(S (NP A banking department spokesman )NP (VP added : `` (S (NP *UNKC Brown )NP (VP does n't (VP feel (SBAR (S (NP that money alone )NP (VP is (NP the issue )NP (ADVP here )ADVP )VP )S )SBAR )VP )VP )S )VP . '' )S  STOP
(SINV (ADJP *UNKLY *UNK )ADJP (VP are )VP (NP (NP the cases )NP (PP of (NP (NP (NP New York )NP , (SBAR (WHNP which )WHNP (S (VP is (NP (NP Drexel 's )NP base )NP )VP )S )SBAR , )NP and (NP (NP California )NP , (NP (NP the base )NP (PP of (NP (NP (NP Drexel 's )NP (ADJP highly profitable )ADJP junk-bond operation )NP (SBAR (WHNP that )WHNP (S (VP led (PP to (NP (NP the firm 's )NP legal difficulties )NP )PP )VP )S )SBAR )NP )PP )NP )NP )NP )PP )NP . )SINV  STOP
(S (S (NP Neither state )NP (VP has (VP settled )VP )VP )S , and (S (NP (NP officials )NP (PP in (NP the two states )NP )PP )NP (VP wo n't (VP discuss (NP (NP their reasons )NP (PP for (S not (VP doing (ADVP so )ADVP )VP )S )PP )NP )VP )VP )S . )S  STOP
(S But (NP Drexel )NP (VP has (VP made (S (NP (NP it )NP )NP (ADJP clear )ADJP (SBAR (S (NP it )NP (VP could (VP mount (NP a significant legal battle )NP (PP in (NP each state )NP )PP (SBAR if (S (NP its license )NP (VP is (VP *UNKED )VP )VP )S )SBAR )VP )VP )S )SBAR )S , (PP according (PP to (NP state officials )NP )PP )PP )VP )VP . )S  STOP
(S (NP (NP Ms. Bryant )NP , (NP (NP the head )NP (PP of (NP the state securities group )NP )PP )NP , )NP (VP said (SBAR (S (NP Drexel )NP (VP has (VP done (NP (NP a better job )NP (PP of (S (VP settling (PP with (NP the states )NP )PP )VP )S )PP (SBAR than (S (NP *UNKC Hutton )NP (VP did (PP after (NP (NP its guilty plea )NP (PP to (NP (NP a massive *UNKING scheme )NP (ADVP (NP several years )NP ago )ADVP )NP )PP )NP )PP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Still )ADVP (PRN , (S (NP she )NP (VP said )VP )S , )PRN (NP (NP (NP Drexel 's )NP trouble )NP (PP with (NP some states )NP )PP )NP (VP is n't (NP a bad thing )NP )VP . )S  STOP
(S `` (S (NP This process )NP (VP should (VP point (PRT out )PRT (SBAR that (S (NP (NP it )NP )NP (VP 's not (VP going (S (VP to (VP be (ADJP easy )ADJP (SBAR for (S (NP (NP a firm )NP (SBAR (WHNP that )WHNP (S (VP 's (VP convicted (PP of (NP a felony )NP )PP )VP )VP )S )SBAR )NP (VP to (ADVP immediately )ADVP (VP jump (ADVP back )ADVP (PP into (NP the retail business )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP )VP )S )SBAR )VP )VP )S , '' (NP Ms. Bryant )NP (VP said )VP . )S  STOP
(S `` (NP We )NP (VP need (S (VP to (VP have (S (NP somebody )NP (VP worried (SBAR so (S (NP they )NP (VP do n't (VP do (NP this )NP (ADVP again )ADVP )VP )VP )S )SBAR )VP )S )VP )VP )S )VP . '' )S  STOP
(S (NP These )NP (VP are (NP (NP (NP the 26 states )NP , (PP including (NP (NP the *UNK )NP (PP of (NP Puerto Rico )NP )PP )NP )PP , (SBAR (WHNP that )WHNP (S (VP have (VP settled (PP with (NP Drexel )NP )PP )VP )VP )S )SBAR )NP : (NP (NP Alaska )NP , (NP Arkansas )NP , (NP Delaware )NP , (NP Georgia )NP , (NP Hawaii )NP , (NP *UNKC )NP , (NP *UNKC )NP , (NP Iowa )NP , (NP Kansas )NP , (NP Kentucky )NP , (NP Maine )NP , (NP Maryland )NP , (NP Minnesota )NP , (NP Mississippi )NP , (NP New Hampshire )NP , (NP New Mexico )NP , (NP North *UNKC )NP , (NP Oklahoma )NP , (NP Oregon )NP , (NP South Carolina )NP , (NP South *UNKC )NP , (NP Utah )NP , (NP Vermont )NP , (NP Washington )NP , (NP *UNKING )NP and (NP Puerto Rico )NP )NP )NP )VP . )S  STOP
(S (NP Time Warner Inc. )NP (VP reported (NP (NP a third-quarter net loss )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN cents )NP (NP a share )NP )NP )NP )PP , (VP reflecting (NP (NP (NP acquisition costs )NP (PP for (NP (NP a (ADJP *UNKN % )ADJP stake )NP (PP in (NP Warner Communications Inc. )NP )PP )NP )PP )NP and (NP (NP the purchase method )NP (PP of (S (VP accounting (PP for (NP the transaction )NP )PP )VP )S )PP )NP )NP )VP )NP )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP Warner )NP (VP reported (NP (NP a net loss )NP (PP of (NP (NP (QP $ 106 million )QP )NP , or (NP (NP 56 cents )NP (NP a share )NP )NP )NP )PP , (PP including (NP (NP (NP merger expenses )NP (PP of (NP (QP $ 100 million )QP )NP )PP )NP and (NP (NP (QP $ 120 million )QP )NP (PP in (NP (NP charges )NP (VP associated (PP with (NP *UNKED compensation plans )NP )PP )VP )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (NP Time Warner )NP (VP is (PP in (NP (NP the process )NP (PP of (S (VP completing (NP (NP its acquisition )NP (PP of (NP the remaining Warner shares )NP )PP )NP )VP )S )PP )NP )PP )VP . )S  STOP
(S (NP Time Warner )NP (VP emphasized (PP in (NP a news release )NP )PP (SBAR that (S (NP it )NP (VP should (VP be (VP *UNKED (PP based (PP on (NP (NP its cash flow )NP , (SBAR (WHNP which )WHNP (S (NP the company )NP (VP defined (PP as (NP (NP earnings )NP (PP before (NP interest , taxes , depreciation and *UNK )NP )PP )NP )PP )VP )S )SBAR )NP )PP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP On (NP a *UNK- basis )NP )PP , (S (VP assuming (SBAR (S (NP the merger )NP (VP was (ADJP effective (NP *UNKC 1 , 1988 )NP )ADJP )VP )S )SBAR )VP )S , (PP including (NP (NP the results )NP (PP from (NP both (NP Time Inc. )NP and (NP (NP all )NP (PP of (NP Warner )NP )PP )NP )NP )PP )NP )PP , (NP that cash flow figure )NP (VP would (VP be (NP (NP (NP (QP $ *UNKN million )QP )NP (PP for (NP the latest quarter )NP )PP )NP , (NP (NP (NP (QP more than double )QP the comparable figure )NP (ADVP (NP a year )NP ago )ADVP )NP , or (NP (QP $ *UNKN million )QP )NP )NP )NP , (PP according (PP to (NP Time Warner )NP )PP )PP )VP )VP . )S  STOP
(S (NP (NP Some analysts )NP (ADVP at least )ADVP )NP (VP (VP are (VP buying (NP that argument )NP )VP )VP , and (VP were n't (VP *UNKED (PP by (NP the losses )NP )PP )VP )VP )VP . )S  STOP
(SINV `` (S (S (SBAR (WHNP What )WHNP (S (VP (ADVP really )ADVP matters )VP )S )SBAR (VP is (NP (NP the operating income )NP (PP of (NP the divisions )NP )PP )NP )VP )S : (S (S (NP I )NP (VP look (PP at (NP these numbers )NP )PP )VP )S and (S (NP I )NP (VP say , (S (NP these businesses )NP (VP are (VP doing (ADVP well )ADVP )VP )VP )S )VP )S )S )S , '' (VP said )VP (NP (NP Mark *UNKC )NP , (NP (NP a vice president )NP (PP of (NP Donaldson , Lufkin & Jenrette Securities Corp )NP )PP )NP )NP . )SINV  STOP
(S `` (PP For (NP example )NP )PP , (NP Warner )NP (VP made (NP (QP more than $ 100 million )QP )NP (PP from (NP *UNKED entertainment )NP )PP (PP in (NP three months )NP )PP )VP . )S  STOP
(S (NP That )NP (VP 's (NP a big number )NP )VP . )S  STOP
(S (NP Warner )NP (ADVP also )ADVP (VP had (NP (NP a gain )NP (PP of (NP (QP more than 13 )QP % )NP )PP (PP from (NP (NP records )NP and (NP music publishing )NP )NP )PP )NP , (SBAR even though (S (NP the domestic record business )NP (VP was (ADJP sluggish )ADJP (NP this summer )NP )VP )S )SBAR )VP . '' )S  STOP
(S (PP In (NP the year-ago third quarter )NP )PP , (NP (NP Time )NP (PP on (NP its own )NP )PP )NP (VP reported (NP (NP net income )NP (PP of (NP (NP (QP $ 81 million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKED revenue )NP (PP for (NP the latest quarter )NP )PP (PP of (NP Time Warner )NP )PP )NP (VP was (NP (QP $ 2.2 billion )QP )NP , (PP compared (PP with (NP (NP the year-ago Time revenue )NP (PP of (NP (QP $ 1.1 billion )QP )NP )PP )NP )PP )PP )VP . )S  STOP
(S (PP On (NP a (ADJP pro *UNK )ADJP basis )NP )PP , (PP including (NP (NP all )NP (PP of (NP (NP Warner 's )NP earnings )NP )PP )NP )PP , (NP Time Warner )NP (VP had (NP (NP a third-quarter loss )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP , (PP compared (PP with (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP loss )NP (ADVP (NP a year )NP earlier )ADVP )NP )PP )PP )VP . )S  STOP
(S (PP On (NP the same basis )NP )PP , (NP revenue )NP (VP rose (PP to (NP (QP $ 2.7 billion )QP )NP )PP (PP from (NP (QP $ 2.2 billion )QP )NP )PP )VP . )S  STOP
(S (PP For (NP the third quarter )NP )PP , (NP (NP Warner 's )NP (ADJP (QP $ 106 million )QP )ADJP loss )NP (VP compared (PP with (NP (NP a year-ago loss )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 90 cents )NP (NP a share )NP )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Revenue )NP (VP rose (PP to (NP (QP $ 1.5 billion )QP )NP )PP (PP from (NP (QP $ 1.1 billion )QP )NP )PP )VP . )S  STOP
(S (NP The 1988 figures )NP (VP were (VP restated (S (VP to (VP include (NP (NP the results )NP (PP of (NP (NP *UNKC *UNKC Corp. )NP , (SBAR (WHNP which )WHNP (S (NP Warner )NP (VP acquired (PP in (NP January )NP )PP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Time Warner 's )NP operating earnings )NP (VP got (NP (NP a boost )NP (PP from (NP (NP Warner 's )NP record *UNK- results )NP )PP )NP )VP . )S  STOP
(S (NP `` *UNKC '' alone )NP (VP has (VP *UNKED (PRT up )PRT (NP (NP (QP more than $ *UNKN million )QP )NP (PP in (NP *UNK- receipts )NP )PP )NP (PP to (NP date )NP )PP , (S (VP making (S (NP it )NP (NP (NP Warner *UNKC . )NP ' (ADJP largest *UNKING )ADJP film ever )NP )S )VP )S )VP )VP . )S  STOP
(S `` (NP *UNKC *UNKC II )NP '' (VP was (ADVP also )ADVP (NP a big hit )NP )VP . )S  STOP
(S (NP Warner )NP (ADVP also )ADVP (VP contributed (NP (NP record results )NP (PP from (NP (NP its music business )NP , (SBAR (WHADVP where )WHADVP (S (NP (NP unit sales )NP (PP of (NP compact *UNK )NP )PP )NP (VP rose (NP (QP more than 50 )QP % )NP (PP from (ADVP (NP a year )NP ago )ADVP )PP (PRN , (S (NP the company )NP (VP said )VP )S , )PRN (S (VP helped (PP by (NP (NP Prince 's )NP `` Batman '' *UNK )NP )PP )VP )S )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP Time Warner )NP (VP said (SBAR (S (NP its cable division )NP (VP turned (PRT in )PRT (NP (NP a (ADJP 77 % )ADJP increase )NP (PP in (NP operating cash flow )NP )PP )NP , (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNK million )QP )NP )PP , (S (VP reflecting (NP higher *UNK- revenue )NP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP the 1988 results )NP (VP included (NP (NP a (ADJP (QP $ 20 million )QP )ADJP charge )NP (VP reflecting (NP (NP a reserve )NP (PP for (NP (ADJP *UNK related )ADJP expenses )NP )PP (PP at (NP American Television & Communications Corp )NP )PP )NP )VP )NP )VP . )S  STOP
(S (PP On (NP the other hand )NP )PP , (NP Time Warner )NP (VP said (SBAR (S (NP (NP its operating cash flow )NP )NP (VP declined (PP in (NP the quarter )NP )PP (PP for (NP (NP its magazine division )NP , (NP its books division )NP and (NP the Home *UNKC Office programming division )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP magazines )NP )PP , (NP (NP higher advertising revenues )NP (PP at (NP (NP Sports *UNKED )NP and (NP *UNKC )NP )NP )PP )NP (VP were (VP offset (PP by (NP (NP lower ad revenue )NP (PP for (NP other major magazines )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The programming division )NP (VP saw (NP (NP a decline )NP (PP in (NP operating cash flow )NP )PP )NP (SBAR (SBAR because (S (NP the year-ago quarter )NP (VP included (NP (NP a (ADJP (QP $ 12 million )QP )ADJP dividend )NP (PP from (NP Turner Broadcasting System )NP )PP )NP )VP )S )SBAR and (SBAR because (S (NP the quarter )NP (VP includes (NP (NP expenses )NP (VP associated (PP with (NP (NP the (NAC Nov. 15 )NAC launch )NP (PP of (NP (NP HBO 's )NP *UNKC Channel )NP )PP )NP )PP )VP )NP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP , (NP Time Warner )NP (VP closed (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP , (ADVP up (NP $ *UNKN )NP )ADVP , (SBAR while (S (NP Warner )NP (VP closed (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP , (ADVP up (NP 12.5 cents )NP )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Robert J. *UNKC )NP , (NP (NP president )NP and (NP chief executive officer )NP )NP , )NP (VP will (VP take (NP (NP early retirement )NP (PP from (NP this steelmaker )NP )PP )NP (NP *UNKC 31 )NP )VP )VP . )S  STOP
(S (NP (NP William S. *UNKC )NP , (NP chairman )NP , )NP (VP said (SBAR (S (NP (NP Mr. Penn )NP , (ADJP (NP 58 years )NP old )ADJP , )NP (VP (VP would (VP continue (PP as (NP a consultant )NP )PP )VP )VP and (VP would (VP work (PP with (NP the board )NP )PP (PP in (S (VP *UNKING (NP a successor )NP )VP )S )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (ADVP recently )ADVP (VP emerged (PP from (NP (NP bankruptcy-law proceedings )NP (SBAR (WHNP that )WHNP (S (VP left (NP (NP 64 % )NP (PP of (NP (NP the *UNKED company 's )NP common stock )NP )PP )NP (PP in (NP (NP the hands )NP (PP of (NP (NP *UNK )NP (PP of (NP an *UNK- claims trust )NP )PP )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP it )NP (VP would (VP have (NP no further comment )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (NP 37 )NP , )NP (VP was (VP elected (S (NP chairman )NP )S (ADVP earlier (NP this year )NP )ADVP (PP by (NP (NP the company 's )NP new board )NP )PP , (S (VP having (VP served (PP as (NP (NP vice president )NP (PP for (NP legal and corporate affairs )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP His father )NP , (NP David S. *UNKC )NP , )NP (VP was (NP (NP chairman )NP and (NP chief executive )NP )NP (PP until (NP (NP his death )NP (PP in (NP an accident )NP )PP (ADVP (ADVP (NP five years )NP ago )ADVP , (SBAR (WHPP at (WHNP which time )WHNP )WHPP (S (NP Mr. Penn )NP (VP was (VP named (S (NP president )NP )S )VP )VP )S )SBAR )ADVP )NP )PP )VP . )S  STOP
(S (NP Some House Democrats )NP (VP are (VP trying (S (VP to (VP head (PRT off )PRT (NP (NP an appointment )NP (PP by (NP President Bush )NP )PP (PP to (NP (NP the board )NP (SBAR (WHNP that )WHNP (S (VP oversees (NP the savings-and-loan bailout )NP )VP )S )SBAR )NP )PP )NP , (S (VP *UNKING (SBAR that (S (NP the prospective *UNK )NP (VP is (NP (NP the head )NP (PP of (NP troubled banks )NP )PP (NP himself )NP )NP )VP )S )SBAR )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Four Democrats )NP (PP on (NP the House Banking Committee )NP )PP )NP (VP sent (NP President Bush )NP (NP (NP a letter )NP (VP *UNKING (NP (NP their concerns )NP (PP about (NP (NP the expected appointment )NP (PP of (NP (NP James Simmons )NP , (NP (NP an Arizona banker )NP and (NP (NP former *UNK- )NP (PP for (NP Mr. Bush )NP )PP )NP )NP , )NP )PP (PP to (NP (NP the *UNKC Board )NP (PP of (NP the Resolution Trust Corp )NP )PP )NP )PP )NP )PP )NP )VP )NP )VP . )S  STOP
(S (NP (NP The *UNKC Board )NP , (VP created (PP in (NP (NP the savings-and-loan law )NP (VP signed (PP in (NP August )NP )PP )VP )NP )PP )VP , )NP (VP sets (NP (NP policy )NP (PP for (NP (NP the RTC )NP , (SBAR (WHNP which )WHNP (S (VP will (VP sell (NP (NP (NP hundreds )NP (PP of (NP (NP the nation 's )NP sick thrifts )NP )PP )NP and (NP (NP billions )NP (PP of (NP (NP dollars )NP (PP of (NP their assets )NP )PP )NP )PP )NP )NP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP (NP Treasury Secretary Nicholas Brady )NP , (NP Federal Reserve Board Chairman Alan Greenspan )NP and (NP Housing and Urban Development Secretary Jack Kemp )NP )NP (VP are (NP (NP members )NP (PP of (NP the board )NP )PP )NP )VP . )S  STOP
(S (NP President Bush )NP (VP must (VP *UNK (NP (NP two other members )NP , (NP (NP (NP one )NP (NP a Democrat )NP )NP and (NP (NP one )NP (NP a Republican )NP )NP )NP )NP )VP )VP . )S  STOP
(S (NP An administration official )NP (VP confirmed (NP last week )NP (SBAR (SBAR that (S (NP (NP Mr. Simmons )NP , (NP (NP the chairman )NP (PP of (NP (NP Valley National Bank )NP (PP in (NP Phoenix )NP )PP )NP )PP )NP , )NP (VP is (NP the Republican *UNK )NP )VP )S )SBAR , and (SBAR that (S (NP a security clearance )NP (VP was (PP under (NP way )NP )PP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (S (NP The Democratic *UNK )NP (VP has n't (VP been (VP determined )VP )VP )VP )S , (NP the official )NP (VP said )VP . )S  STOP
(S (S (NP Mr. Simmons )NP (VP declined (S (VP to (VP comment )VP )VP )S )VP )S , and (S (NP the White House )NP (VP said (SBAR (S (NP (NP the *UNK 's )NP letter )NP (VP is (PP under (NP review )NP )PP )VP )S )SBAR )VP )S . )S  STOP
(S (NP (NP The letter )NP , (VP dated (NP last Thursday )NP )VP , )NP (VP cited (NP (NP the losses )NP (PP (PP at (NP Valley National )NP )PP , and (PP at (NP (NP (NP United Bank )NP , (PP also of (NP Phoenix )NP )PP , )NP (SBAR (WHADVP where )WHADVP (S (NP Mr. Simmons )NP (VP was (NP chairman )NP (PP for (NP 29 years )NP )PP )VP )S )SBAR )NP )PP )PP )NP )VP . )S  STOP
(S (NP Both banks )NP (VP have (VP been (VP battered , (SBAR as (SINV (VP have )VP (NP other Arizona banks )NP )SINV )SBAR , (PP by (NP falling real estate prices )NP )PP )VP )VP )VP . )S  STOP
(S (NP Valley National )NP , (PP for (NP example )NP )PP , (VP had (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP problem assets )NP )PP )NP (PP as (PP of (NP June )NP )PP )PP )VP . )S  STOP
(S `` (S (S (NP We )NP (VP believe (SBAR that (S (NP there )NP (VP are (NP (NP numerous other candidates )NP (ADJP more *UNKED (PP for (NP this important position )NP )PP )ADJP )NP )VP )S )SBAR )VP )S and (S (NP we )NP (VP encourage (S (NP you )NP (VP to (VP give (NP them )NP (NP your *UNK consideration )NP (PP before (S (VP making (NP this key RTC appointment )NP )VP )S )PP )VP )VP )S )VP )S )S , '' (NP the letter )NP (VP said )VP . )S  STOP
(S `` (NP The RTC )NP (VP needs (NP (NP the (ADJP most able , *UNK )ADJP management )NP (ADJP available )ADJP )NP )VP . '' )S  STOP
(S But (NP Mr. Simmons )NP (VP has (NP (NP long ties )NP (PP to (NP both (NP Republicans )NP and (NP banking )NP )NP )PP )NP )VP . )S  STOP
(S (NP He )NP (VP (VP was (NP (NP *UNK- )NP (PP of (NP (NP Mr. Bush 's )NP Arizona campaign committee )NP )PP (PP in (NP (NP last year 's )NP election )NP )PP )NP )VP , and (ADVP also )ADVP (VP worked (PP for (NP Mr. Bush )NP )PP (PP in (NP the 1980 election )NP )PP )VP )VP . )S  STOP
(S (NP The two )NP (VP met (ADVP (ADVP (NP (QP more than 30 )QP years )NP ago )ADVP , (SBAR (WHADVP when )WHADVP (S (NP Mr. Simmons )NP (VP worked (PP for (NP (NP (NP Commercial Bank & Trust Co. )NP (PP of (NP (NP Midland )NP , (NP Texas )NP , )NP )PP )NP (SBAR (WHADVP where )WHADVP (S (NP Mr. Bush )NP (VP was (NP an organizing director )NP )VP )S )SBAR )NP )PP )VP )S )SBAR )ADVP )VP . )S  STOP
(S (PP In (NP 1986 )NP )PP , (NP Mr. Simmons )NP (ADVP also )ADVP (VP served (PP on (NP (NP a committee )NP (PP of (NP businessmen )NP )PP (VP headed (PP by (NP (NP William Seidman )NP , (NP (NP chairman )NP (PP of (NP (NP the Federal Deposit Insurance Corp. )NP and (NP the Resolution Trust Corp )NP )NP )PP )NP )NP )PP )VP )NP )PP )VP . )S  STOP
(S (NP That committee )NP (VP determined (S (VP to (VP open (NP Arizona )NP (PP to (NP banking )NP )PP (PP across (NP state lines )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Arizona *UNKC magazine )NP (VP referred (PP to (NP Mr. Simmons )NP )PP (NP this year )NP (PP as (NP (NP one )NP (PP of (NP (NP the 25 (ADJP most influential )ADJP people )NP (PP in (NP the state )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The letter )NP (PP to (NP Mr. Bush )NP )PP )NP (VP was (VP signed (PP by (NP *UNKC (NX (NX (NX Bruce *UNKC )NX (PRN -LRB- (NP (NP D. )NP , (NP *UNKC )NP )NP -RRB- )PRN , (NP (NP the chairman )NP (PP of (NP (NP the Banking Committee 's )NP RTC *UNKC Force )NP )PP )NP )NX , (NX (NX Thomas *UNKC )NX (PRN -LRB- (NP (NP D. )NP , (NP Md. )NP )NP -RRB- )PRN )NX , (NX (NX *UNKC *UNKC )NX (PRN -LRB- (NP (NP D. )NP , (NP *UNK . )NP )NP -RRB- )PRN )NX and (NX (NX Paul *UNKC )NX (PRN -LRB- (NP (NP D. )NP , (NP Pa . )NP )NP -RRB- )PRN )NX )NX )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC W. *UNKC )NP , (NP (NP a vice chairman )NP (PP of (NP this bank-holding company )NP )PP )NP , )NP (VP was (VP named (PP to (NP (NP the additional position )NP (PP of (NP (NP chairman )NP (PP of (NP (NP its principal unit )NP , (NP *UNKC Bank )NP )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (ADJP (NP 54 years )NP old )ADJP , )NP (VP will (VP remain (NP (NP (NP president )NP and (NP chief executive officer )NP )NP (PP of (NP the unit )NP )PP )NP )VP )VP . )S  STOP
(S (NP *UNKC )NP (ADVP also )ADVP (VP (VP named (S (NP John B. *UNKC )NP (NP (NP a vice chairman )NP (PP of (NP (NP the parent company )NP and (NP the unit )NP )NP )PP )NP )S )VP and (VP elected (NP him )NP (PP to (NP (NP the (ADJP newly created )ADJP position )NP (PP of (NP (NP chief credit officer )NP (PP of (NP *UNKC Financial )NP )PP )NP )PP )NP )PP )VP , (S (VP increasing (NP (NP the number )NP (PP of (NP corporate board members )NP )PP )NP (PP to (NP 35 )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (NP 58 )NP , )NP (VP was (ADVP formerly )ADVP (NP (NP senior executive vice president )NP (PP of (NP (NP the parent company )NP and (NP the unit )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP (NP Moody 's )NP )NP Investors Service Inc. )NP (VP said (SBAR (S (NP it )NP (VP lowered (NP (NP the debt ratings )NP (PP of (NP (NP certain long-term debt )NP (VP held (PP by (NP this company )NP )PP )VP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNKING concern )NP (VP cited (NP (NP (NP the bank 's )NP move )NP (PP into (NP the Texas market )NP )PP )NP , (S (VP noting (SBAR (S (NP its profitability and capital *UNK measurements )NP (VP will (VP be (ADJP depressed )ADJP (ADVP relative (PP to (NP (NP the bank 's )NP past performance )NP )PP )ADVP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP Moody 's )NP (ADVP also )ADVP (VP said (SBAR (S (NP it )NP (VP raised (NP (NP its rating )NP (PP on (NP (NP the Deposit Insurance Bridge Bank )NP , (VP (ADVP now )ADVP known (PP as (NP (NP Bank One )NP , (NP Texas *UNKC )NP )NP )PP )VP )NP )PP )NP , (S (VP reflecting (NP (NP (NP the support )NP (PP of (NP other banking affiliates )NP )PP )NP and (NP (NP substantial assistance )NP (PP for (NP the *UNKC )NP )PP )NP )NP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Officials )NP (PP at (NP the New York bank-holding company )NP )PP )NP (VP were n't (ADJP available (PP for (NP (NP comment )NP (PP on (NP the *UNKING changes )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (PP At (NP (NP Lloyd 's )NP (PP of (NP London )NP )PP )NP )PP , (NP underwriters )NP (ADVP still )ADVP (VP *UNK (PRT out )PRT (NP policies )NP (S (VP using (NP (NP *UNK *UNK )NP and (NP *UNKING paper )NP )NP )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (VP are (VP (VP *UNKED (PP into (NP the *UNK )NP )PP (PP by (NP (NP *UNKED *UNK )NP (VP known (PP as (NP *UNK )NP )PP )VP )NP )PP )VP , (NP (NP a reminder )NP (PP of (NP (NP (NP the insurance market 's )NP *UNK )NP (PP in (NP a *UNK )NP )PP (PP in (NP *UNK century London )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP Such *UNK )NP (VP (VP suggest (NP a *UNK past )NP )VP but (VP give (NP (NP no *UNK )NP (PP of (NP a troubled present )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Lloyd 's )NP , (RRC (ADVP once )ADVP (NP (NP a *UNK )NP (PP of (NP the world insurance market )NP )PP )NP )RRC , )NP (VP is (VP being (VP *UNK (PP to (NP its very foundation )NP )PP )VP )VP )VP . )S  STOP
(S (NP The *UNK- exchange )NP (VP is (VP battered (PP by (NP (NP (NP enormous claims )NP (PP from (NP (NP a *UNK- run )NP (PP of (NP unprecedented disasters )NP )PP )NP )PP )NP , (SBAR (WHNP (WHNP the most recent )WHNP (WHPP of (WHNP which )WHNP )WHPP )WHNP (S (VP is (NP (NP (NP last week 's )NP earthquake )NP (PP in (NP (NP California 's )NP Bay Area )NP )PP )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (PP At (NP the same time )NP )PP , (NP Lloyd 's )NP (VP is (VP (VP *UNKED (PP by (NP *UNKED investors )NP )PP )VP and (VP *UNK (PP by (NP (NP (ADJP inefficient but *UNKED )ADJP ways )NP (PP of (S (VP conducting (NP business )NP )VP )S )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP The exchange )NP (VP is (ADVP gradually )ADVP (VP being (VP squeezed (PP into (NP (NP narrow , *UNK- segments )NP (PP of (NP the market )NP )PP )NP )PP (PP by (NP (ADJP less *UNK )ADJP competitors )NP )PP )VP )VP )VP . )S  STOP
(SINV `` (S (NP Lloyd 's )NP (VP is (PP on (NP the *UNK )NP )PP )VP )S , '' (VP says )VP (NP (NP Peter *UNKING )NP , (NP (NP a (NP Lloyd 's )NP investor )NP (PP for (NP 17 years )NP )PP (SBAR (WHNP who )WHNP (S (ADVP now )ADVP (VP leads (NP (NP a dissident group )NP (VP threatening (S (VP to (VP *UNK (NP exchange underwriters )NP (PP for (NP alleged *UNK and *UNK )NP )PP )VP )VP )S )VP )NP )VP )S )SBAR )NP )NP . )SINV  STOP
(S `` (NP It )NP (VP needs (NP more discipline )NP )VP . )S  STOP
(S (NP It )NP (VP needs (S (VP to (VP sort (NP itself )NP (PRT out )PRT )VP )VP )S )VP . '' )S  STOP
(SINV (ADJP Most *UNK )ADJP (VP is )VP (NP (NP the shrinking pool )NP (PP of (NP `` (NP names )NP , '' (NP (NP the *UNKED investors )NP (PRN -LRB- (S (NP (NP some )NP (PP of (NP them )NP )PP )NP (ADJP *UNK )ADJP )S -RRB- )PRN (SBAR (WHNP who )WHNP (S , (PP as (NP (NP members )NP (PP of (NP about *UNKN syndicates )NP )PP )NP )PP , (VP underwrite (NP policies )NP )VP )S )SBAR )NP )NP )PP )NP . )SINV  STOP
(S (NP (QP Some *UNKN )QP members )NP (VP (VP quit (NP the exchange )NP (NP last year )NP )VP , (NP (NP (QP more than *UNK )QP the number )NP (PP of (NP resignations )NP )PP (PP in (NP 1987 )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP are (VP resigning (PP at (NP an (ADJP even faster )ADJP pace )NP )PP (NP this year )NP )VP )VP . )S  STOP
(S (NP *UNKC returns )NP (VP are (NP one reason )NP )VP . )S  STOP
(S (NP (NP The average after-tax return )NP (PP on (NP investment )NP )PP )NP (PP in (NP (NP 1986 )NP , (NP (NP the (ADJP most recent )ADJP year )NP (SBAR (WHPP for (WHNP which )WHNP )WHPP (S (NP results )NP (VP are (ADJP available )ADJP )VP )S )SBAR )NP , )NP )PP (VP was (NP 6.5 % )NP , (PP according (PP to (NP (NP *UNKC Ltd. )NP , (NP (NP an insurance consulting firm )NP (PP in (NP London )NP )PP )NP )NP )PP )PP )VP . )S  STOP
(S (PP In (NP 1985 )NP )PP , (NP it )NP (VP was (NP 2.1 % )NP )VP . )S  STOP
(S (PP (PP *UNKC (NP (NP 1981 )NP and (NP 1986 )NP )NP )PP , (NP (NP the (ADJP most recent )ADJP five-year period )NP (SBAR (WHPP for (WHNP which )WHNP )WHPP (S (NP figures )NP (VP are (ADJP available )ADJP )VP )S )SBAR )NP , )PP (NP Lloyd 's )NP (VP reported (NP (NP (QP over # 3.6 billion )QP )NP (PP in (NP (NP claims and reserves )NP (PP against (NP future losses )NP )PP )NP )PP (PRN -LRB- (NP (NP (QP $ 5.7 billion )QP )NP (PP at (NP (NP today 's )NP exchange rates )NP )PP )NP -RRB- )PRN , (NP (NP (QP more than double )QP the (QP # 1.35 billion )QP )NP (VP posted (PP in (NP the previous five-year period )NP )PP )VP )NP )NP )VP . )S  STOP
(S (NP (NP Many )NP (PP of (NP (NP the *UNKN investors )NP (SBAR (WHNP who )WHNP (S (VP remain )VP )S )SBAR )NP )PP )NP (VP are (VP beginning (S (VP to (VP question (NP (NP (NP one )NP (PP of (NP (NP the exchange 's )NP (ADJP most basic )ADJP *UNK )NP )PP )NP , (NP (NP the concept )NP (PP of (NP *UNKED personal liability )NP )PP )NP )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP Investors )NP (VP may (VP *UNK (NP huge profits )NP (SBAR (WHADVP when )WHADVP (S (NP premiums )NP (VP exceed (NP claims )NP )VP )S )SBAR )VP )VP )S , but (S (NP they )NP (VP are (ADJP liable (PP to (NP their last pound or dollar )NP )PP )ADJP (PP in (NP (NP the event )NP (PP of (NP a catastrophe )NP )PP )NP )PP )VP )S . )S  STOP
(S And (NP *UNK )NP (VP are (VP getting (ADJP ever more costly )ADJP )VP )VP . )S  STOP
(S (NP (NP (NP Lloyd 's )NP claims )NP (PP for (NP (NP the (ADJP 1988 *UNKC *UNKC *UNK- )ADJP disaster )NP (PP in (NP the North Sea )NP )PP )NP )PP )NP , (PP for (NP instance )NP )PP , (VP may (VP reach (NP (QP $ 1 billion )QP )NP )VP )VP . )S  STOP
(S (PP During (NP (NP the five-year period )NP (VP ended (NP 1986 )NP )VP )NP )PP , (NP (NP (QP roughly 80 )QP % )NP (PP of (NP the names )NP )PP )NP (VP had (NP (NP money )NP (VP tied (PRT up )PRT (PP in (NP *UNKING syndicates )NP )PP )VP )NP , (PP according (PP to (NP *UNKC consultants )NP )PP )PP )VP . )S  STOP
(S (NP (NP The *UNK )NP (PP of (NP *UNKED liability )NP )PP )NP (VP *UNK (ADVP large )ADVP (PP for (NP (NP a number )NP (PP of (NP them )NP )PP )NP )PP (ADVP now )ADVP )VP . )S  STOP
(S `` (S (S (NP I )NP (VP have (VP *UNKED (SBAR (S (NP I )NP (VP could (VP (VP die )VP and (VP be (PP out (PP of (NP it )NP )PP )PP )VP )VP )VP )S )SBAR )VP )VP )S -- (S (NP that )NP (VP 's (SBAR (WHADJP how bad )WHADJP (S (NP it )NP (VP is )VP )S )SBAR )VP )S )S , '' (NP (NP *UNKC *UNKC )NP , (NP (NP a secretary )NP (PP from (NP suburban London )NP )PP )NP , )NP (VP says )VP . )S  STOP
(S (NP (NP Ms. *UNKC )NP , (SBAR (WHNP whose (NP Lloyd 's )NP membership )WHNP (S (VP was (NP (NP a bonus )NP (PP from (NP a former employer )NP )PP )NP (PP in (NP 1981 )NP )PP )VP )S )SBAR , )NP (VP *UNK (PP to (NP (NP (NP Mr. *UNKING 's )NP dissident group )NP (PP on (NP the *UNKC syndicate )NP )PP , (SBAR (WHNP which )WHNP (S (VP has (VP been (ADVP hard )ADVP (VP hit (PP by (NP asbestos reinsurance claims )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP Ms. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP *UNK (NP (NP (NP # 20,000 )NP , or (NP (QP about $ *UNKN )QP )NP , )NP (PP of (NP (NP insurance coverage )NP (PP on (NP that syndicate )NP )PP )NP )PP )NP )VP )S )SBAR , )NP (ADVP now )ADVP (VP faces (NP (NP potential losses )NP (PP of (NP (NP (QP roughly # 70,000 )QP )NP , or (NP $ *UNKN )NP )NP )PP )NP )VP . )S  STOP
(S `` (S (SBAR If (S (NP Lloyd 's )NP (VP wants (S (NP # 70,000 )NP (PP out (PP of (NP me )NP )PP )PP )S )VP )S )SBAR (S (NP they )NP (VP will (VP have (S (VP to (VP take (NP (NP everything )NP (SBAR (S (NP I )NP (VP 've (VP got )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S -- and (S (ADVP even then )ADVP (NP I )NP (VP do n't (VP know (SBAR if (S (NP it )NP (VP will (VP be (NP enough )NP )VP )VP )S )SBAR )VP )VP )S )S , '' (NP she )NP (VP says )VP . )S  STOP
(S (NP *UNKC )NP (VP is (ADJP widespread )ADJP (PP among (NP exchange members )NP )PP )VP . )S  STOP
(SINV `` (S (NP I )NP (VP ca n't (VP think (PP of (NP (NP any reason )NP (SBAR (S (VP to (VP join (NP Lloyd 's )NP (ADVP now )ADVP )VP )VP )S )SBAR )NP )PP )VP )VP )S , '' (VP says )VP (NP (NP *UNKC Whitten )NP , (NP (NP a British businessman )NP and (NP (NP (NP a Lloyd 's )NP member )NP (PP since (NP 1979 )NP )PP )NP )NP )NP . )SINV  STOP
(S `` (S (NP The *UNK )NP (VP is (ADJP very considerable )ADJP )VP )S , and (S (PP at (NP the moment )NP )PP (NP the upside )NP (VP is (ADJP very marginal )ADJP )VP )S . '' )S  STOP
(S (SBAR If (S (NP profits )NP (VP do n't (VP improve )VP )VP )S )SBAR , (NP Mr. Whitten )NP (VP says (SBAR (S (NP he )NP (VP may (VP quit (NP the exchange )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP competition )NP (PP from (NP (NP rivals )NP (ADJP *UNKED (PP by (NP history )NP )PP )ADJP )NP )PP )NP (VP is (VP *UNKING )VP )VP . )S  STOP
(S (NP Lloyd 's )NP (VP is (VP being (VP squeezed (PP out (PP of (NP (NP (ADJP (ADJP *UNK- )ADJP but (ADJP (ADVP more consistently )ADVP profitable )ADJP )ADJP product lines )NP (PP such as (NP (NP primary property )NP and (NP *UNK insurance )NP )NP )PP )NP )PP )PP )VP )VP )VP . )S  STOP
(S (PP Over (NP the past decade )NP )PP , (NP competitors )NP (VP have (VP *UNKED (PRT away )PRT (PP at (NP (NP (NP the exchange 's )NP share )NP (PP of (NP (NP the (ADJP (QP # 2.5 billion )QP )ADJP *UNK market )NP (PP in (NP (NP London )NP , (SBAR (WHADVP where )WHADVP (S (NP half (NP the world 's )NP ships )NP (VP are (VP insured )VP )VP )S )SBAR )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP (NP Lloyd 's )NP (ADJP 66 % )ADJP stake )NP (PP in (NP that market )NP )PP )NP (VP has (VP *UNK (PP to (NP 50 % )NP )PP (PP in (NP that period )NP )PP , (PP according (PP to (NP (NP an official )NP (PP at (NP (NP (NP the Institute )NP (PP of (NP London *UNKC )NP )PP )NP , (NP a (NP Lloyd 's )NP competitor )NP )NP )PP )NP )PP )PP )VP )VP . )S  STOP
(S -LRB- (NP The official )NP (VP asked (S not (VP to (VP be (VP named )VP )VP )VP )S )VP . -RRB- )S  STOP
(S (NP (NP Much )NP (PP of (NP the business )NP )PP )NP (VP has (VP gone (PP to (NP (NP the institute )NP , (NP (NP an association )NP (PP of (NP (NP (QP more than 100 )QP insurers )NP , (PP including (NP (NP *UNKC Corp. )NP , (NP (NP Allianz *UNKC AG )NP (PP of (NP West Germany )NP )PP )NP and (NP (NP Britain 's )NP Commercial Union *UNKC PLC )NP )NP )PP )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP Lloyd 's )NP (VP has (VP *UNKED (NP (NP decades )NP (PP of (NP *UNK decline )NP )PP )NP )VP )VP . )S  STOP
(S (PP At (NP (NP the peak )NP (PP of (NP its power and influence )NP )PP (ADVP (NP a century )NP ago )ADVP )NP )PP , (NP Lloyd 's )NP (VP dominated (NP the insurance world )NP (PP with (NP a (ADJP 50 % )ADJP stake )NP )PP )VP . )S  STOP
(S (S (NP It )NP (ADVP virtually )ADVP (VP *UNKED (SBAR (WHADVP how )WHADVP (S (NP ships )NP (VP were (S (VP to (VP be (VP built )VP )VP )VP )S )VP )S )SBAR )VP )S and (S (NP it )NP (VP monitored (NP *UNK )NP (PP through (NP a *UNKED intelligence network )NP )PP (PP in (NP (NP *UNK )NP (PP around (NP the *UNK )NP )PP )NP )PP )VP )S . )S  STOP
(S (NP Today )NP , (NP (NP (NP Lloyd 's )NP share )NP (PP of (NP the world market )NP )PP , (PP excluding (NP life insurance )NP )PP , )NP (VP is (NP (QP about 2 )QP % )NP )VP . )S  STOP
(S -LRB- (NP Its stake )NP (VP is (ADJP even smaller )ADJP (SBAR if (S (NP life insurance )NP (VP is (VP included )VP )VP )S )SBAR )VP . -RRB- )S  STOP
(S (S (NP (NP *UNKC rivals )NP , (PP such as (NP Aetna and Allianz )NP )PP )NP , (S (VP backed (PP by (NP (NP *UNK )NP (PP of (NP (NP *UNK )NP (VP using (NP computers )NP )VP )NP )PP (PP in (NP (NP hundreds )NP (PP of (NP branches )NP )PP )NP )PP )NP )PP )VP )S , (VP (VP operate (ADVP more *UNKLY )ADVP )VP and (VP (ADVP often )ADVP can (VP offer (NP lower rates )NP )VP )VP )VP )S , (NP brokers )NP (VP say )VP . )S  STOP
(S (SBAR Though (S (NP Lloyd 's )NP (VP *UNKED (NP (NP such *UNK- policies )NP (PP as (NP (NP (NP worker 's )NP compensation insurance )NP , (NP (NP *UNK insurance )NP (PP for (NP homeowners and businesses )NP )PP )NP , and (NP (NP bankers ' )NP liability insurance )NP )NP )PP )NP )VP )S )SBAR , (NP competitors )NP (ADVP now )ADVP (VP underwrite (NP (NP most )NP (PP of (NP that business )NP )PP )NP )VP . )S  STOP
(S (PP Beyond (NP that )NP )PP , (NP many big (UCP oil , chemical and airline )UCP companies )NP (VP are (VP *UNKING (PRT off )PRT (NP (NP big *UNK )NP (PP of (NP the market )NP )PP )NP (PP by (S (VP *UNKING (NP themselves )NP (PP through (NP (NP `` *UNK '' offshore companies )NP (PP for (NP *UNK- coverage )NP )PP )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S (NP (NP Even (NP Lloyd 's )NP specialty )NP -- (NP unusually risky ventures )NP -- )NP (VP is (VP being (VP challenged )VP )VP )VP . )S  STOP
(S (ADVP (NP Only 10 years )NP ago )ADVP , (PP for (NP instance )NP )PP , (NP Lloyd 's )NP (VP was (NP (NP the *UNK- insurer )NP (PP of (NP *UNKED horses )NP )PP )NP )VP . )S  STOP
(S But (PP since (NP 1981 )NP )PP , (NP (NP *UNKC *UNKC Insurance Inc. )NP (PP of (NP (NP Lexington )NP , (NP Ky. )NP )NP )PP )NP (VP has (VP grabbed (NP (NP a (ADJP 20 % )ADJP stake )NP (PP of (NP the market )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Ronald *UNKC )NP , (NP president )NP , )NP (VP says (SBAR (S (NP Lloyd 's )NP (VP has (VP suffered (SBAR because (S (S (NP its structure )NP (VP does n't (VP allow (S (NP underwriters )NP (VP to (VP deal (ADVP directly )ADVP (PP with (NP clients )NP )PP )VP )VP )S )VP )VP )S ; (S (NP brokers )NP (VP are (NP required *UNK )NP )VP )S )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Thus )ADVP (PRN , (S (NP he )NP (VP asserts )VP )S )PRN , (NP (NP Lloyd 's )NP )NP (VP ca n't (VP react (ADVP quickly )ADVP (PP to (NP competition )NP )PP )VP )VP . )S  STOP
(S `` (S (NP Lloyd 's )NP (VP has (VP lost (NP (NP control )NP (PP of (NP the situation )NP )PP )NP )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (NP They )NP (VP are n't (VP controlling (NP their *UNK )NP (SBAR like (S (NP they )NP (VP used (S (VP to )VP )S )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP (NP *UNKC Lawrence )NP , (NP (NP Lloyd 's )NP chairman )NP , )NP (VP agrees (SBAR (S (NP the exchange )NP (VP faces (NP big challenges )NP )VP )S )SBAR )VP . )S  STOP
(S `` (S (S (NP This )NP (VP is (NP a *UNKED time )NP )VP )S , and (S (NP we )NP (VP are (VP trying (S (VP to (VP plot (NP our way )NP (ADVP ahead )ADVP )VP )VP )S )VP )VP )S )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (NP We )NP (VP have (VP been (NP (NP a great market )NP (PP for (S (VP *UNKING (NP (NP risks )NP (SBAR (WHNP which )WHNP (S (NP other people )NP (ADVP then )ADVP (VP (VP take )VP , (VP copy )VP and (VP cut (NP rates )NP )VP )VP )S )SBAR )NP )VP )S )PP )NP )VP )VP . '' )S  STOP
(S (NP Lloyd 's )NP (PRN , (S (NP he )NP (VP says )VP )S , )PRN (VP is (VP cut (PRT off )PRT (PP from `` (NP (NP the vast body )NP (PP of (NP premium )NP )PP (ADVP down (PP at (NP the bottom end )NP )PP )ADVP (SBAR (WHNP which )WHNP (S (VP acts (PP as (NP (NP a *UNKING influence )NP '' (PP against (NP catastrophic losses )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (PP By (NP that )NP )PP , (NP he )NP (VP means (NP (NP (ADJP *UNK- but *UNK- )ADJP products )NP (PP such as (NP (NP certain types )NP (PP of (NP primary property insurance )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The exchange )NP (PRN , (S (NP he )NP (VP says )VP )S , )PRN (VP must (VP find (NP (NP new products )NP and (NP new markets )NP )NP )VP )VP . )S  STOP
(S (NP That )NP (VP wo n't (VP be (NP an easy task )NP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (NP dictator )NP (PP at (NP Lloyd 's )NP )PP )VP . )S  STOP
(S (ADVP (NP Three years )NP ago )ADVP , (NP the exchange )NP (VP took (PRT up )PRT (NP residence )NP (PP in (NP (NP a *UNK- tower )NP (PP of (NP steel and glass )NP )PP -- (ADJP *UNK (PP of (NP (NP the kind )NP (PP of (NP modern architecture )NP )PP (SBAR (WHNP that )WHNP (S (NP (NP Britain 's )NP Prince Charles )NP (VP has (VP *UNKED )VP )VP )S )SBAR )NP )PP )ADJP )NP )PP )VP . )S  STOP
(S -LRB- (NP Some exchange *UNK )NP (VP call (S (NP the building )NP `` (NP the oil *UNK )NP )S )VP . '' -RRB- )S  STOP
(S But (ADVP along (PP with (NP (NP such *UNKED *UNK )NP (PP as (NP (NP *UNKC Nelson 's )NP *UNK )NP )PP )NP )PP )ADVP , (NP Lloyd 's )NP (ADVP also )ADVP (VP brought (NP (NP its *UNKED ways )NP (PP of (S (VP doing (NP business )NP )VP )S )PP )NP )VP . )S  STOP
(S (S (NP The (NP Lloyd 's )NP market )NP (ADVP actively )ADVP (VP *UNK (NP insurance )NP (NP (NP (QP just 4 1\/2 )QP hours )NP (NP a day )NP )NP )VP )S , (NP brokers )NP (VP say )VP . )S  STOP
(S (NP *UNKING )NP (VP does n't (VP get (PP under (NP way )NP )PP (PP until (PP after (NP (NP morning tea )NP (PP at (NP 10 a.m )NP )PP )NP )PP )PP )VP )VP . )S  STOP
(S (NP A *UNK- lunch break )NP (VP follows )VP . )S  STOP
(S (NP *UNKC )NP (VP wind (PRT down )PRT (PP at (NP about *UNKN p.m. )NP )PP , (PP just in (NP (NP time )NP (PP for (NP afternoon tea )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Lloyd 's )NP vast trading hall )NP (VP houses (NP (NP a *UNK )NP (PP of (NP *UNKED desks )NP )PP )NP )VP . )S  STOP
(S (NP (NP The hall 's )NP few computers )NP (VP are (VP used (ADVP mostly )ADVP (S (VP to (VP send (NP messages )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (VP *UNKED (PP between (NP desks )NP )PP )VP )S , (NP underwriters )NP (VP sit (PP on (NP (NP *UNK )NP (VP *UNKED (PP by (NP (NP *UNK )NP (PP of (NP policies )NP )PP )NP )PP )VP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP (VP *UNKING (NP *UNK *UNK )NP )VP )NP (VP stand (PP in (NP lines )NP )PP , (S (VP waiting (NP (NP their turn )NP (SBAR (S (VP to (VP speak (PP to (NP the underwriters )NP )PP )VP )VP )S )SBAR )NP )VP )S )VP . )S  STOP
(S (NP A broker )NP (VP may (VP have (S (VP to (VP approach (NP (NP (QP as many as 20 )QP underwriters )NP (SBAR (WHNP who )WHNP (S (VP insure (NP the *UNK )NP (PP on (NP (NP behalf )NP (PP of (NP the syndicates )NP )PP )NP )PP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP could (VP take (NP six months )NP (SBAR for (S (NP a claim )NP (VP to (VP be (VP paid )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S `` (NP The system )NP (PRN , '' (SINV (VP says )VP (NP (NP Nicholas *UNKC )NP , (NP (NP (NP a Lloyd 's )NP broker )NP (SBAR (WHNP who )WHNP (S (VP left (NP the exchange )NP (PP in (NP 1985 )NP )PP )VP )S )SBAR )NP )NP )SINV , `` )PRN (VP is (ADJP so *UNKLY *UNK (SBAR (S (NP it )NP (VP drives (NP you *UNK )NP )VP )S )SBAR )ADJP )VP . '' )S  STOP
(S (NP Some )NP (VP maintain (SBAR (S (NP underwriters )NP (ADVP also )ADVP (VP have (VP been (ADJP *UNK )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP John *UNKC )NP , (NP (NP a Lloyd 's )NP underwriter )NP , )NP (VP says (SBAR (S (NP (NP he )NP and (NP his fellow underwriters )NP )NP (VP *UNKED (PP by (NP (QP as much as 50 )QP % )NP )PP (NP (NP the premiums )NP (SBAR (S (NP they )NP (VP should (VP have (VP charged (PP for (NP property risks )NP )PP (PP (PP from (NP 1980 )NP )PP (PP to (NP 1985 )NP )PP )PP )VP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S `` (SBAR (SBAR (WHADJP How *UNK )WHADJP (S (NP we )NP (VP must (VP have (VP appeared (PP to (NP the outside world )NP )PP )VP )VP )VP )S )SBAR -- (PRN (FRAG (WHADJP how *UNK (PP at (NP risk assessment and evaluation )NP )PP )WHADJP )FRAG )PRN )SBAR , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP (NP Lloyd 's )NP officials )NP (VP decline (S (VP to (VP comment (PP on (NP the matter )NP )PP )VP )VP )S )VP . )S  STOP
(S (ADVP More recently )ADVP , (NP property rates )NP (VP have (VP increased )VP )VP . )S  STOP
(S (NP (NP Many )NP (PP at (NP Lloyd 's )NP )PP )NP (VP expect (SBAR (S (NP the San Francisco earthquake )NP (VP will (VP cause (S (NP the industry )NP (VP to (VP boost (NP rates )NP (ADVP even further )ADVP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP it )NP (VP will (VP be (NP years )NP (SBAR before (S (NP (NP it )NP )NP (VP is (ADJP clear )ADJP (SBAR whether (S (NP higher rates )NP (VP will (VP offset (NP (NP the *UNK )NP (PP for (NP such disasters )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP The *UNK )NP (PP of (NP (NP the exchange 's )NP problems )NP )PP )NP (VP may not (VP become (ADJP known )ADJP (PP for (NP some time )NP )PP (PP because of (NP (NP (NP Lloyd 's )NP practice )NP (PP of (S (VP leaving (S (NP the books )NP (ADJP open )ADJP )S (PP for (NP three years )NP )PP (S (VP to (VP allow (PP for (NP (NP the settlement )NP (PP of (NP claims )NP )PP )NP )PP )VP )VP )S )VP )S )PP )NP )PP )VP )VP . )S  STOP
(S (NP Lloyd 's )NP (ADVP only recently )ADVP (VP reported (NP (NP its financial results )NP (PP for (NP 1986 )NP )PP )NP )VP . )S  STOP
(S (NP That year )NP , (NP it )NP (VP posted (NP (NP (NP record pretax profit )NP (PP of (NP (QP # 650 million )QP )NP )PP )NP , (NP (NP a gain )NP (SBAR (S (NP it )NP (VP *UNK (PP to (NP (NP higher rates )NP and (NP fewer claims )NP )NP )PP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S But (NP Mr. Lawrence )NP (VP says (SBAR (S (NP reported profit )NP (VP will (VP be (ADVP down )ADVP (PP in (NP 1987 , 1988 and 1989 )NP )PP )VP )VP )S )SBAR , (SBAR though (S (NP he )NP (VP declines (S (VP to (VP specify (SBAR (WHADJP how steep )WHADJP (S (NP the decline )NP (VP will (VP be )VP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Insurance analysts )NP (VP say (SBAR (S (NP (NP (NP the exchange 's )NP downturn )NP (PP in (NP profitability )NP )PP )NP (VP is (ADJP likely (S (VP to (VP be (VP *UNKED (PP by (NP (NP (NP (QP more than $ 600 million )QP )NP (PP in (NP (NP *UNK losses )NP -LRB- (PP including (NP (NP the 1988 Pan Am airline disaster )NP (PP over (NP (NP *UNKC )NP , (NP *UNKC )NP )NP )PP )NP )PP -RRB- )NP )PP )NP and (NP (NP a *UNKED chunk )NP (PP of (NP (NP claims )NP (PP from (NP (NP September 's )NP Hurricane Hugo )NP )PP )NP )PP )NP )NP )PP )VP )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP Lloyd 's )NP (VP says (SBAR (S (NP (NP the *UNK )NP (PP of (NP names )NP )PP )NP (VP is n't (ADJP likely (S (VP to (VP hurt (NP (NP its underwriting capacity )NP , (RRC (ADVP currently )ADVP (NP (QP about # 11 billion )QP )NP )RRC )NP )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Lawrence )NP (VP says (SBAR (S (NP (NP the drain )NP (PP of (NP funds )NP )PP )NP (VP has (VP been (VP offset (PP by (NP (NP an increase )NP (PP in (NP (NP investments )NP (PP by (NP the remaining names )NP )PP )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP the exchange )NP (VP has (VP been (VP trying (S (VP to (VP lower (NP costs )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S -LRB- (NP It )NP (ADVP recently )ADVP (VP cut (NP its work force )NP (PP by (NP (NP 9 % )NP , or (NP *UNKN )NP )NP )PP )VP . -RRB- )S  STOP
(S But (NP Lloyd 's )NP (VP is (VP hampered (PP in (NP its efforts (S (VP to (VP overhaul (NP operations )NP )VP )VP )S )NP )PP (PP by (NP its reluctance (S (VP to (VP *UNK (NP modern technology )NP )VP )VP )S )NP )PP )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (NP the underwriter )NP , )NP (VP *UNK (SBAR (S (NP (NP half )NP (PP of (NP his business )NP )PP )NP (VP could (VP be (VP *UNKED (PP by (NP computer )NP )PP , (S (VP cutting (NP costs )NP (NP (QP at least 10 )QP % )NP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Though (S (NP Lloyd 's )NP (VP has (VP talked (PP for (NP years )NP )PP (PP about (S (VP *UNKING (NP underwriting transactions )NP )VP )S )PP )VP )VP )S )SBAR , (NP the effort )NP (VP has n't (VP gotten (ADVP very far )ADVP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP among (NP underwriters and brokers )NP )PP )NP (VP makes (S (NP them )NP (ADJP *UNK (S (VP to (VP *UNK (NP price and policy information )NP )VP )VP )S )ADJP )S )VP . )S  STOP
(S (NP Both groups )NP (VP *UNKING (PP to (NP traditional *UNK- dealings )NP )PP , (PP even for (NP routine policies )NP )PP )VP . )S  STOP
(S (NP (NP Lloyd 's )NP *UNK bureaucracy )NP (ADVP also )ADVP (VP *UNK (NP efforts (S (VP to (VP *UNK (NP marketing strategies )NP )VP )VP )S )NP )VP . )S  STOP
(S (NP Some underwriters )NP (VP have (VP been (VP pressing (PP for (NP years )NP )PP (S (VP to (VP tap (NP the *UNK- business )NP (PP by (S (VP selling (NP some policies )NP (ADVP directly )ADVP (PP to (NP consumers )NP )PP )VP )S )PP )VP )VP )S )VP )VP )VP . )S  STOP
(S (S (NP Lloyd 's )NP (ADVP *UNKLY )ADVP (VP sells (NP only auto insurance )NP (ADVP directly )ADVP (PP to (NP the public )NP )PP )VP )S , and (S (NP such policies )NP (VP are (VP sold (PP only in (NP (NP limited markets )NP (PP such as (NP (NP the U.K. )NP and (NP Canada )NP )NP )PP )NP )PP )VP )VP )S . )S  STOP
(S But (NP such changes )NP (VP must (VP be (VP cleared (PP by (NP (NP four internal committees )NP and (NP (NP dozens )NP (PP of (NP underwriters , brokers and *UNK )NP )PP )NP )NP )PP (PP before (S (VP being (VP implemented )VP )VP )S )PP )VP )VP )VP . )S  STOP
(S (NP The proposal (S (VP to (VP sell (ADVP directly )ADVP (PP to (NP the public )NP )PP )VP )VP )S )NP (VP remains (ADJP *UNKED (PP in (NP bureaucratic *UNK )NP )PP )ADJP )VP . )S  STOP
(S (NP Lloyd 's )NP (VP is (VP moving (ADVP forward )ADVP (PP on (NP some *UNK )NP )PP , (ADVP though )ADVP )VP )VP . )S  STOP
(S (NP Mr. Lawrence )NP (VP says (SBAR (S (NP the exchange )NP (VP is (VP *UNKING (NP some procedures )NP (S (VP to (VP make (NP (NP *UNK payments )NP (PP on (NP claims )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP By (NP next year )NP )PP , (NP all underwriters )NP (VP will (VP be (VP linked (PP to (NP (NP a communications network )NP (SBAR (WHNP that )WHNP (S (VP could (VP reduce (NP (NP paper work )NP (PP on (NP claims )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP Japan 's )NP Daiwa Securities Co. )NP (VP named (S (NP *UNKC Dozen )NP (NP president )NP )S )VP . )S  STOP
(S (NP Mr. Dozen )NP (VP succeeds (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP will (VP become (NP vice chairman )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP retains (NP (NP his title )NP (PP of (NP (NP chairman )NP (PP of (NP (NP Daiwa )NP , (NP (NP Japan 's )NP second-largest securities firm )NP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP Japanese firms )NP )PP , (NP the president )NP (ADVP usually )ADVP (VP is (PP in (NP (NP charge )NP (PP of (NP day-to-day operations )NP )PP )NP )PP , (SBAR while (S (NP (NP the chairman 's )NP role )NP (VP is (ADVP more )ADVP (NP a *UNK one )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The title )NP (PP of (NP chief executive officer )NP )PP )NP (VP is n't (VP used )VP )VP . )S  STOP
(S (SBAR While (S (NP (NP (NP people )NP (PP within (NP Daiwa )NP )PP )NP , (NP particularly *UNK )NP , )NP (VP expected (SBAR that (S (NP (NP Mr. Dozen )NP , (NP 52 )NP , )NP (VP would (ADVP eventually )ADVP (VP become (NP (NP Daiwa 's )NP president )NP )VP )VP )S )SBAR )VP )S )SBAR , (NP (NP the speed )NP (PP of (NP his promotion )NP )PP )NP (VP surprised (NP many )NP )VP . )S  STOP
(S (NP It )NP (VP was (ADVP only )ADVP (NP earlier this year )NP (SBAR (WHADVP that )WHADVP (S (NP the *UNK , *UNKING executive )NP (PRN -- (S (NP he )NP (VP likes (S (VP to (VP *UNK (PP with (NP Americans )NP )PP (PP about (SBAR (WHADVP how )WHADVP (S (NP his name )NP (VP is (ADJP *UNK (PP with (NP *UNK )NP )PP )ADJP )VP )S )SBAR )PP )VP )VP )S )VP )S -- )PRN (VP was (VP appointed (S (NP deputy president )NP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Dozen )NP (VP is (VP taking (PRT over )PRT (NP (NP the *UNK )NP (PP of (NP (NP a securities company )NP (SBAR (SBAR (WHNP that )WHNP (S (VP does (ADVP very well )ADVP (PP in (NP its domestic market )NP )PP )VP )S )SBAR but (SBAR (WHNP that )WHNP (S (VP is (ADVP still )ADVP (VP seeking (S (VP to (VP realize (NP its potential )NP (PP in (NP global (NX (NX investment banking )NX and (NX securities dealing )NX )NX )NP )PP )VP )VP )S )VP )VP )S )SBAR )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP Daiwa )NP (VP is (NP (NP one )NP (PP of (NP (NP the world 's )NP largest securities firms )NP )PP )NP )VP . )S  STOP
(S (PP As (PP of (NP March 31 )NP )PP )PP , (NP the Daiwa group )NP (VP had (NP (NP shareholder equity )NP (PP of (NP (NP (QP *UNKN billion )QP yen )NP (PRN -LRB- (NP (QP $ *UNKN billion )QP )NP -RRB- )PRN )NP )PP )NP )VP . )S  STOP
(S (PP For (NP (NP the six months )NP (VP ended (NP Sept. 30 )NP )VP )NP )PP , (NP Daiwa )NP (VP reported (NP (NP unconsolidated -LRB- parent company -RRB- net income )NP (PP of (NP (NP (QP *UNKN billion )QP yen )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP )PP (PP on (NP (NP revenue )NP (PP of (NP (NP (QP *UNKN billion )QP yen )NP (PRN -LRB- (NP (QP $ *UNKN billion )QP )NP -RRB- )PRN )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Both figures )NP (VP were (NP record highs )NP )VP . )S  STOP
(S (NP Several observers )NP (VP interpreted (NP (NP Mr. Dozen 's )NP appointment )NP (PP as (NP (NP an attempt )NP (PP by (NP Daiwa )NP )PP (S (VP to (VP make (S (NP its international operations )NP (ADJP more profitable )ADJP )S (SBAR while (S (VP preparing (NP the firm )NP (PP for (NP (NP the effects )NP (PP of (NP (NP the continuing deregulation )NP (PP of (NP (NP Japan 's )NP domestic markets )NP )PP , (SBAR (WHNP which )WHNP (S (VP should (VP mean (NP increased competition )NP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )S )SBAR )VP )VP )S )NP )PP )VP . )S  STOP
(S (NP (NP All )NP (PP of (NP (NP (NP Japan 's )NP so-called Big Four securities firms )NP -- (NP (NP (NP Nomura Securities Co. Ltd. )NP , (NP (NP the world 's )NP largest )NP )NP , (NP Nikko Securities Co. Ltd. )NP , (NP Yamaichi Securities Co. Ltd. )NP and (NP Daiwa )NP )NP -- )NP )PP )NP (VP have (VP suffered (NP *UNK )NP (PP in (NP their attempts (S (VP to (VP break (PP into (NP foreign markets )NP )PP )VP )VP )S )NP )PP )VP )VP . )S  STOP
(S (SBAR While (S (NP they )NP (VP have (VP moved (PP to (NP the *UNK )NP )PP (PP in (S (VP underwriting (NP fixed-income securities )NP (PP in (NP the *UNKC market )NP )PP -- (PP mostly for (NP Japanese firms )NP )PP -- )VP )S )PP )VP )VP )S )SBAR (NP they )NP (VP have (VP been (ADJP only *UNKLY profitable )ADJP (PRN , (SBAR if (FRAG (ADVP at all )ADVP )FRAG )SBAR , )PRN (PP in (NP the U.S. )NP )PP )VP )VP . )S  STOP
(S (NP American institutional investors )NP (VP have (ADVP never )ADVP (VP had (NP (NP a large appetite )NP (PP for (NP Japanese equities )NP )PP )NP )VP )VP . )S  STOP
(S And (SBAR while (S (NP the Japanese )NP (VP have (VP stepped (PRT up )PRT (NP (NP their purchases )NP (PP of (NP U.S. shares )NP )PP )NP (PP in (NP the past several months )NP )PP )VP )VP )S )SBAR , (NP they )NP (VP have (VP shown (S (NP themselves )NP )S (PP in (NP the past )NP )PP (VP to (VP be (NP *UNK investors )NP )VP )VP )VP )VP . )S  STOP
(S (PP At (NP the same time )NP )PP , (NP (NP Daiwa )NP and (NP its *UNK )NP )NP (VP have (VP faced (NP (NP stiff competition )NP (PP from (NP (NP *UNKED American competitors )NP (SBAR (WHNP that )WHNP (S (VP have (VP prevented (NP them )NP (PP from (S (VP building (NP (NP strong links )NP (PP to (NP (NP U.S. corporations )NP and (NP institutional investors )NP )NP )PP )NP )VP )S )PP )VP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP Mr. Dozen )NP (VP knows (NP these problems )NP (ADVP *UNK )ADVP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP he )NP (VP arrived (PP in (NP the U.S. )NP )PP (PP in (NP (NP 1969 )NP -- (NP (NP the start )NP (PP of (NP an *UNK- tour )NP )PP )NP -- )NP )PP )VP )S )SBAR (NP he )NP (VP tried (S (VP selling (NP (ADJP Japanese *UNKED )ADJP bonds )NP (PP to (NP U.S. investors )NP )PP )VP )S )VP . )S  STOP
(SINV `` (S (NP He )NP (VP made (NP desperate efforts )NP , (S (VP using (NP (NP the *UNK pages )NP (PP (PP from (NP beginning )NP )PP (PP to (NP end )NP )PP )PP )NP )VP )S )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP president )NP (PP of (NP (NP Daiwa 's )NP U.S. unit )NP )PP )NP )NP . )SINV  STOP
(S `` But (NP (NP not a single piece )NP (PP of (NP paper )NP )PP )NP (VP was (VP sold )VP )VP . '' )S  STOP
(S (PP By (NP his own account )NP )PP , (NP Mr. Dozen )NP (VP did n't (VP do (ADVP much better )ADVP (PP with (NP U.S. bonds )NP )PP )VP )VP . )S  STOP
(S (PP In (NP an interview )NP )PP (ADVP (NP a few months )NP ago )ADVP , (NP he )NP (VP *UNKED (SBAR (WHADVP how )WHADVP (S (PP after (NP (NP some training )NP (PP at (NP Salomon Brothers Inc. )NP )PP )NP )PP , (NP he )NP (ADVP successfully )ADVP (VP bid (PP for (NP the opportunity (S (VP to (VP sell (NP (NP *UNK )NP (PP of (NP 20 U.S. corporate bond issues )NP )PP )NP )VP )VP )S )NP )PP )VP )S )SBAR )VP . )S  STOP
(S But (NP he )NP (VP could n't (VP sell (NP any )NP )VP )VP . )S  STOP
(S `` (NP Japanese stock salesmen )NP (VP selling (NP American bonds )NP )VP ? )S  STOP
(S (S (ADVP Maybe )ADVP (NP it )NP (VP 's (ADJP crazy )ADJP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP Mr. Dozen )NP (ADVP even )ADVP (VP related (NP (NP the *UNK )NP (VP suffered (SBAR (WHADVP when )WHADVP (S (NP (NP he )NP and (NP two colleagues )NP )NP (VP (VP went (PP on (NP (NP an overnight fishing *UNK )NP (PP off (NP the New Jersey shore )NP )PP )NP )PP )VP and (VP caught (NP nothing )NP )VP )VP )S )SBAR )VP )NP )VP . )S  STOP
(S (S (PP *UNKC (S (VP returning (PP to (NP New York )NP )PP )VP )S )PP , `` (S (S (ADJP *UNKED )ADJP )S , (NP I )NP (VP got (PP into (NP a *UNK )NP )PP )VP )S , and (S (NP the woman driver )NP (VP said : ` (S (NP Americans )NP (VP make (NP better *UNK )NP )VP )S , ' )VP )S '' )S (NP he )NP (VP *UNKED )VP . )S  STOP
(S (S (ADJP *UNKED )ADJP )S , (NP Mr. Dozen )NP (VP said (SBAR that (S (NP (NP Daiwa 's )NP goal )NP (VP is (S (VP to (VP build `` (NP (NP a (ADJP *UNK- *UNKED )ADJP international organization )NP (PP with (ADVP maybe )ADVP (NP (NP some Japanese flavor )NP (PP to (NP it )NP )PP )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP said (SBAR that (S (NP he )NP (VP was (ADJP particularly interested (PP in (S (NP his firm )NP (VP gaining (NP (NP expertise )NP (PP in (NP (NP (NP futures )NP , (NP options )NP , (NP *UNKED securities )NP , (NP computerized trading )NP and (NP investment systems )NP )NP (CONJP as well as )CONJP (NP mergers and acquisitions )NP )NP )PP )NP )VP )S )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Dozen )NP (VP said (SBAR (S (NP (NP Daiwa 's )NP *UNK )NP (VP were (NP (NP its large capital base )NP , (NP (NP its influential position )NP (PP in (NP the Tokyo market )NP )PP )NP and (NP (NP its links )NP (PP to (NP Japanese (NX (NX corporations )NX and (NX institutional investors )NX )NX )NP )PP )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Dozen )NP (VP joined (NP Daiwa )NP (PP upon (NP (NP his *UNK )NP (PP from (NP *UNKC University )NP )PP )NP )PP (PP in (NP *UNKN )NP )PP )VP . )S  STOP
(S (PP Like (NP (NP many young *UNK )NP (PP in (NP Japanese securities firms )NP )PP )NP )PP , (NP he )NP (VP began (NP his career )NP (S (VP *UNKING (NP stock )NP (PP to (NP individual investors )NP )PP )VP )S )VP . )S  STOP
(S (PP In (NP (NP his climb )NP (PP to (NP the top )NP )PP )NP )PP , (NP Mr. Dozen )NP (ADVP also )ADVP (VP headed (NP (NP (NP the company 's )NP *UNK- division )NP , (NP its fixed-income units )NP and (NP its international operations )NP )NP )VP . )S  STOP
(SINV `` (S (S (NP He )NP (VP was (ADVP constantly )ADVP (VP picking (PRT up )PRT (NP (NP new things )NP (SBAR (S (VP to (VP fill (PRT out )PRT (NP his experience )NP )VP )VP )S )SBAR )NP )VP )VP )S ; (S (NP he )NP (VP is (ADJP very *UNKED )ADJP )VP )S )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP chairman )NP (PP of (NP (NP (NP Daiwa 's )NP U.S. unit )NP (PP in (NP New York )NP )PP )NP )PP )NP )NP . )SINV  STOP
(X But (NP it )NP (NP (NP (NP Mr. Dozen 's )NP experience )NP (PP as (NP a salesman )NP )PP )NP (SBAR (WHNP that )WHNP (S (VP *UNKED (S (NP him )NP (VP to (VP gain (NP (NP the political support )NP -- (PP (ADVP particularly )ADVP from (NP the retail sales force )NP )PP -- (SBAR (S (VP to (VP *UNK (PP to (NP the presidency )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR . )X  STOP
(S (NP (NP Commission income )NP (PP from (NP domestic stock and bond sales accounts )NP )PP )NP (VP form (NP (NP a large portion )NP (PP of (NP (NP Japanese securities companies ' )NP earnings )NP )PP )NP )VP . )S  STOP
(SINV (S And (NP (NP anybody )NP (SBAR (WHNP who )WHNP (S (VP lacked (NP (NP the backing )NP (PP of (NP the retail sales force )NP )PP )NP )VP )S )SBAR )NP `` (VP would (VP be (ADJP *UNK )ADJP )VP )VP )S , '' (VP said )VP (NP a Daiwa executive )NP . )SINV  STOP
(S (SBAR If (S (NP Mr. Dozen )NP (VP has (NP a weakness )NP )VP )S )SBAR , (NP it )NP (VP may (VP be (NP his golf game )NP )VP )VP . )S  STOP
(SINV `` (S (NP He )NP (VP *UNK (PP in (NP the sand )NP )PP (PP instead of (S (VP hitting (NP the *UNK )NP )VP )S )PP , (PP like (NP a farmer )NP )PP )VP )S , '' (VP said )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S (NP Inco Ltd. )NP (VP posted (NP (NP a (ADJP 35 % )ADJP decline )NP (PP in (NP third-quarter net income )NP )PP , (NP (NP a performance )NP (SBAR (WHNP that )WHNP (S (VP was (PP in (NP (NP line )NP (PP with (NP (NP analysts ' )NP expectations )NP )PP )NP )PP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (NP The *UNK producer )NP (ADVP also )ADVP (VP (VP raised (NP its quarterly dividend )NP (PP to (NP (NP 25 cents )NP (NP a share )NP )NP )PP (PP from (NP 20 cents )NP )PP )VP and (VP said (SBAR (S (NP it )NP (VP may (VP buy (PRT back )PRT (NP (NP (QP as much as 4.8 )QP % )NP (PP of (NP its common outstanding )NP )PP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Inco shares )NP (VP fell (PP after (NP the announcements )NP )PP )VP . )S  STOP
(S (NP Analysts )NP (VP said (SBAR (S (NP some investors )NP (VP were (ADJP disappointed (SBAR that (S (NP the *UNK- company )NP (VP had (VP failed (S (VP to (VP announce (NP a special dividend )NP )VP )VP )S )VP )VP )S )SBAR )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP Inco )NP (VP closed (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP , (ADVP down (NP 62.5 cents )NP )ADVP , (PP in (NP New York Stock Exchange composite trading )NP )PP )VP . )S  STOP
(S (NP Some analysts )NP (VP said (SBAR (S (NP (NP Inco )NP , (SBAR (WHNP which )WHNP (S (VP had (NP (NP cash reserves )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP (PP as (PP of (NP Sept. 30 )NP )PP )PP )VP )S )SBAR , )NP (VP could (ADVP still )ADVP (VP announce (NP a special dividend )NP (PP in (NP the next few months )NP )PP , (SBAR though (S (NP it )NP (VP would (VP be (ADJP smaller (PP than (NP (NP the (ADJP $ *UNK- )ADJP special dividend )NP (SBAR (S (NP it )NP (VP paid (NP last year )NP )VP )S )SBAR )NP )PP )ADJP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The quarterly dividend )NP (VP is (ADJP payable (NP Dec. 1 )NP (PP to (NP (NP shares )NP (PP of (NP record )NP )PP (NP Nov. 3 )NP )NP )PP )ADJP )VP . )S  STOP
(S (NP (NP Inco 's )NP net )NP (VP fell (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP (PP in (NP the third quarter )NP )PP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP . )S  STOP
(S (NP Sales )NP (VP rose (NP 8.2 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (PP Excluding (NP (NP special gains )NP (PP from (NP *UNK- *UNK- )NP )PP )NP )PP , (NP (NP earnings )NP (PP in (NP the latest quarter )NP )PP )NP (VP were (NP (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (PP compared (PP with (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )PP )NP )VP . )S  STOP
(S (NP Inco )NP (VP said (SBAR (S (NP (NP the drop )NP (PP in (NP earnings )NP )PP )NP (VP resulted (PP (ADVP mainly )ADVP from (NP (NP (NP lower *UNK prices )NP (PP for (NP the period )NP )PP )NP and (NP (NP a temporary cut )NP (PP in (NP *UNK output )NP )PP (PP at (NP (NP the company 's )NP *UNKC operations )NP )PP (PP due to (NP (NP high levels )NP (PP of (NP *UNK )NP )PP (PP in (NP the *UNK )NP )PP )NP )PP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Inco )NP (VP said (SBAR (S (NP it )NP (VP plans (S (VP to (VP buy (PRT back )PRT (NP (QP as many as five million )QP common shares )NP (PP over (NP the next 12 months )NP )PP (SBAR if (S (NP *UNK market conditions )NP (VP are (ADJP favorable )ADJP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP Under (NP a previous *UNK program )NP )PP , (NP Inco )NP (VP has (VP purchased (NP (NP 1.7 million )NP (PP of (NP its shares )NP )PP )NP (PP since (NP April )NP )PP )VP )VP . )S  STOP
(S (NP (NP UAL Corp. 's )NP board )NP (VP *UNKED (NP (NP any prospects )NP (PP for (NP (NP an immediate revival )NP (PP of (NP a labor-management buy-out )NP )PP )NP )PP )NP , (S (VP saying (SBAR (S (NP (NP United Airlines ' )NP parent )NP (VP should (VP remain (ADJP independent )ADJP (PP for (NP now )NP )PP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (PP As (NP a result )NP )PP , (NP (NP (NP UAL 's )NP chairman )NP , (NP Stephen M. Wolf )NP , )NP (VP pulled (PP out (PP of (NP the buy-out effort )NP )PP )PP (S (VP to (VP focus (PP on (S (VP running (NP the company )NP )VP )S )PP )VP )VP )S )VP . )S  STOP
(S (NP The two developments )NP (VP (VP put (NP the acquisition attempt )NP (ADVP back (PP to (NP square one )NP )PP )ADVP )VP and (VP leaves (NP the airline )NP (PP with (NP (NP an array )NP (PP of (NP *UNKED matters )NP )PP , (PP including (NP (NP an unsettled labor situation )NP and (NP (NP a management )NP (VP scrambling (S (VP to (VP restore (NP its damaged credibility )NP )VP )VP )S )VP )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The effort (S (VP to (VP create (NP (NP the nation 's )NP largest *UNKED company )NP )VP )VP )S )NP (VP began (S (VP *UNKING )VP )S (NP Oct. 13 )NP (SBAR (WHADVP when )WHADVP (S (NP the labor-management group )NP (VP was (ADJP unable (S (VP to (VP obtain (NP (NP financing )NP (PP for (NP its (ADJP $ 300-a-share )ADJP , (ADJP (QP $ 6.79 billion )QP )ADJP offer )NP )PP )NP )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP Just last week )NP (NP it )NP (VP suffered (NP another major setback )NP (SBAR (WHADVP when )WHADVP (S (NP (NP British Airways PLC )NP , (NP (NP the largest equity investor )NP (PP in (NP the labor-management bid )NP )PP )NP , )NP (VP withdrew (NP its support )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Takeover stock traders )NP , (S (VP focusing (PP on (NP (NP the company 's )NP intention (S (VP to (VP stay (ADJP independent )ADJP )VP )VP )S )NP )PP )VP )S , (VP took (NP the announcement )NP (PP as (NP bad news )NP )PP )VP . )S  STOP
(S (NP (NP UAL )NP , (SBAR (WHNP which )WHNP (S (VP had (VP risen (NP $ *UNKN )NP (PP to (NP $ *UNKN )NP )PP (PP in (NP (NP composite trading )NP (PP on (NP the New York Stock Exchange )NP )PP )NP )PP (PP on (NP (NP reports )NP (PP of (S (NP a new bid )NP (VP being (VP prepared (PP by (NP the group )NP )PP )VP )VP )S )PP )NP )PP )VP )VP )S )SBAR , )NP (VP (VP reversed (NP course )NP )VP and (VP plummeted (PP in (NP *UNK- trading )NP )PP (PP after (NP the *UNKN p.m. EDT announcement )NP )PP )VP )VP . )S  STOP
(SINV (PP Among (NP (NP the first trades )NP (VP reported (PP by (NP (NP the securities firm )NP (PP of (NP *UNKC & Co. )NP )PP , (SBAR (WHNP which )WHNP (S (VP makes (NP (NP a market )NP (PP in (NP UAL )NP )PP )NP (SBAR after (S (NP the exchange )NP (VP is (VP closed )VP )VP )S )SBAR )VP )S )SBAR , )NP )PP )VP )NP )PP (VP were )VP (NP (NP (NP 10,000 shares )NP (PP at (NP $ 170 )NP )PP )NP , (NP (NP 6,000 shares )NP (PP at (NP $ *UNKN )NP )PP )NP , (NP (NP *UNKN )NP (PP at (NP $ *UNKN )NP )PP )NP , and (NP (NP 10,000 )NP (PP at (NP $ *UNKN )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP The rebound )NP (PP in (NP UAL stock )NP )PP (PP during (NP (NP regular trading hours )NP (NP Monday )NP )NP )PP )NP (VP was (NP (NP its first daily gain )NP (SBAR after (S (NP six consecutive losses )NP (VP left (NP the price )NP (PP (NP 41 % )NP below (NP (NP its level )NP (PP before (NP (NP Oct. 13 )NP , (NP (NP the day )NP (SBAR (S (NP the group )NP (VP announced (SBAR (S (NP the bank financing )NP (VP could n't (VP be (VP obtained (PP for (NP the original deal )NP )PP )VP )VP )VP )S )SBAR )VP )S )SBAR )NP )NP )PP )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP (NP UAL 's )NP outside directors )NP )PP )NP (VP met (PP at (NP a *UNK- meeting )NP )PP (NP yesterday )NP (PP in (NP Chicago )NP )PP (S (VP to (VP consider (NP (NP an informal proposal )NP (PP from (NP the buy-out group )NP )PP (PP for (NP a revised bid )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S But (NP the board )NP (VP said (SBAR (S (NP it )NP (VP was n't (ADJP interested )ADJP (PP for (NP now )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP That proposal )NP , (VP valued (PP at (NP (NP (QP between $ 225 and $ 240 )QP )NP (NP a share )NP )NP )PP )VP , )NP (VP would (VP have (VP transferred (NP majority ownership )NP (PP to (NP employees )NP )PP (SBAR while (S (VP leaving (NP some stock )NP (PP in (NP public hands )NP )PP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP The buy-out group )NP (VP had (NP (NP no firm financing )NP (PP for (NP the plan )NP )PP )NP )VP . )S  STOP
(S And , (PP with (NP (NP no other offers )NP (PP on (NP the table )NP )PP )NP )PP , (NP the board )NP (ADVP apparently )ADVP (VP felt (NP no pressure (S (VP to (VP act (PP on (NP it )NP )PP )VP )VP )S )NP )VP . )S  STOP
(S (NP The directors )NP (VP signaled , (ADVP however )ADVP , (SBAR that (S (NP they )NP (VP would (VP be (ADJP willing (S (VP to (VP (VP consider (NP future offers )NP )VP or (VP take (NP some other action )NP )VP (S (VP to (VP maximize (NP shareholder value )NP )VP )VP )S )VP )VP )S )ADJP )VP )VP )S )SBAR , (S (VP saying (SBAR (S (NP they )NP (VP would (VP continue (S (VP to (VP explore `` (NP all (ADJP strategic and financial )ADJP alternatives )NP )VP )VP )S )VP )VP )S )SBAR )VP )S )VP . '' )S  STOP
(S But (NP (NP it )NP )NP (VP was (ADJP clear )ADJP (SBAR that (S (PP for (NP the time being )NP )PP , (NP the board )NP (VP wants (S (NP the company )NP (VP to (VP return (PP to (NP *UNK )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The board )NP (VP said (SBAR (S (NP it )NP (VP concluded (SBAR that (S `` (NP (NP the welfare )NP (PP of (NP (NP the company )NP , (NP its shareholders )NP , (NP its employees )NP and (NP the broader public )NP )NP )PP )NP ... (VP can (ADVP best )ADVP (VP be (VP enhanced (PP by (NP (NP continued development )NP (PP of (NP UAL )NP )PP (PP as (NP a strong , viable , independent company )NP )PP )NP )PP )VP )VP )VP . '' )S )SBAR )VP )S )SBAR )VP )S  STOP
(S (NP Mr. Wolf )NP (VP urged (NP all employees )NP (S (VP to `` (ADVP now )ADVP (VP turn (NP their full attention )NP '' (PP to (S (VP operating (NP the airline )NP )VP )S )PP )VP )VP )S )VP . )S  STOP
(S (NP He )NP (ADVP also )ADVP (VP vowed (S (VP to `` (VP make (NP every effort (S (VP to (VP *UNK ... (NP (NP a *UNK new relationship )NP (SBAR (WHNP that )WHNP (S (VP has (VP been (VP *UNKED (PP with (NP participating employee groups )NP )PP )VP )VP )VP )S )SBAR )NP )VP )VP )S )NP )VP )VP )S )VP . '' )S  STOP
(S But (NP Mr. Wolf )NP (VP faces (NP a *UNK task )NP (PP in (S (VP pulling (NP the company )NP (ADVP back together )ADVP (ADVP again )ADVP )VP )S )PP )VP . )S  STOP
(S (NP Labor problems )NP (VP top (NP the list )NP )VP . )S  STOP
(S (PP For (NP a brief time )NP )PP , (NP the buy-out effort )NP (VP seemed (S (VP to (VP solve (NP (NP his problems )NP (PP with (NP (NP United 's )NP pilot union )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (PP In (NP (NP return )NP (PP for (NP (NP an ownership stake )NP (PP in (NP the company )NP )PP )NP )PP )NP )PP , (NP the pilots )NP (VP were (ADJP willing (S (VP to (VP agree (PP to (NP (NP a seven-year contract )NP (SBAR (WHNP that )WHNP (S (VP included (NP (NP a *UNK- clause )NP and (NP (NP significant wage concessions and productivity gains )NP (SBAR (S (NP the union )NP (ADVP previously )ADVP (VP resisted )VP )S )SBAR )NP )NP )VP )S )SBAR )NP )PP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP That contract )NP (VP was (VP tied (PP to (NP (NP the success )NP (PP of (NP the buy-out )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP As (NP a `` *UNK- measure , '' )NP )PP (NP the pilots )NP (VP (VP had (VP been (VP working (NP (NP four extra hours )NP (NP a month )NP )NP )VP )VP )VP and (VP had (VP agreed (S (VP to (VP fly (NP (NP UAL 's )NP two new Boeing *UNKN aircraft )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP It )NP (VP 's (ADJP uncertain (SBAR if (S (NP the pilots )NP (VP will (VP continue (S (VP to (VP do (ADVP so )ADVP (PP without (NP a contract settlement )NP )PP )VP )VP )S )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP The union )NP (VP said (NP late last night )NP (SBAR (SBAR that (S (NP it )NP (VP is (ADVP still )ADVP (ADJP committed (PP to (NP majority employee ownership )NP )PP )ADJP )VP )S )SBAR and (SBAR that (S (NP (NP the labor disputes )NP (SBAR (WHNP that )WHNP (S (VP faced (NP the company )NP (ADVP prior (PP to (NP the buy-out effort )NP )PP )ADVP )VP )S )SBAR )NP `` (ADVP still )ADVP (VP need (S (VP to (VP be (VP addressed )VP )VP )VP )S )VP )S )SBAR )SBAR )VP . '' )S  STOP
(S (NP The buy-out effort )NP (ADVP also )ADVP (VP *UNKED (NP (NP *UNKED relations )NP (PP between (NP (NP United 's )NP pilot and *UNK unions )NP )PP )NP )VP . )S  STOP
(S (NP (NP (NP (NP The machinists ' )NP *UNK )NP (PP of (NP the labor-management bid )NP )PP )NP and (NP (NP their threats )NP (PP of (NP (NP a strike )NP (SBAR unless (S (NP they )NP (VP received (NP substantial wage increases )NP (NP this year )NP )VP )S )SBAR )NP )PP )NP )NP (VP helped (S (VP cool (NP (NP banks ' )NP interest (PP in (S (VP financing (NP the transaction )NP )VP )S )PP )NP )VP )S )VP . )S  STOP
(S (S (NP The machinists )NP (ADVP previously )ADVP (VP had (VP shown (S (NP themselves )NP (VP to (VP be (NP (NP an ally )NP (PP to (NP Mr. Wolf )NP )PP )NP )VP )VP )S )VP )VP )S , but (S (NP he )NP (VP lost (NP (NP much )NP (PP of (NP (NP his credibility )NP (PP with (NP that group )NP )PP )NP )PP )NP (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP *UNKED (PRT up )PRT (PP with (NP the pilot union )NP )PP )VP )S )SBAR )VP )S . )S  STOP
(S (NP The machinists )NP (VP criticized (NP (NP the terms )NP (SBAR (S (NP (NP Mr. Wolf )NP and (NP management )NP )NP (VP received (PP in (NP the buy-out )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP They )NP (VP (VP paid (NP (QP $ 15 million )QP )NP (PP for (NP a (ADJP 1 % )ADJP stake )NP )PP )VP and (VP received (NP (NP an additional 9 % )NP (PP of (NP the company )NP )PP )NP (PP at (NP no additional cost )NP )PP )VP )VP . )S  STOP
(S (NP His credibility )NP (VP is (ADVP also )ADVP (PP on (NP the line )NP )PP (PP in (NP the investment community )NP )PP )VP . )S  STOP
(S (PP Until (NP (NP the collapse )NP (PP of (NP this bid )NP )PP )NP )PP , (NP Mr. Wolf )NP (VP was (VP regarded (PP as (NP (NP one )NP (PP of (NP (NP the nation 's )NP *UNK airline executives )NP )PP )NP )PP (PP after (S (VP engineering (NP (NP *UNK )NP (PP of (NP (NP Tiger International Inc. )NP and (NP Republic Airlines )NP )NP )PP )NP )VP )S )PP )VP )VP . )S  STOP
(S But (NP (NP he )NP and (NP (NP his (ADJP chief financial )ADJP officer )NP , (NP John *UNKC )NP , )NP )NP (VP *UNKED (NP (NP some )NP (PP of (NP (NP the seeds )NP (PP for (NP (NP the deal 's )NP failure )NP )PP )NP )PP )NP (PP by (S (VP insisting (SBAR (S (NP banks )NP (VP accept (NP low financing fees and interest rates )NP , (SBAR while (S (NP they )NP (VP invested (PP in (NP the transaction )NP )PP (NP (NP only a small *UNK )NP (PP of (NP (NP the (QP $ *UNKN million )QP )NP (SBAR (S (NP they )NP (VP stood (S (VP to (VP gain (PP from (NP (NP sale )NP (PP of (NP their UAL stock and options )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )VP )S )SBAR )VP )S )PP )VP . )S  STOP
(S (NP (NP The board 's )NP actions )NP (VP leave (S (NP takeover stock traders )NP (UCP (VP nursing (NP (NP (QP some $ 700 million )QP )NP (PP in (NP losses )NP )PP )NP )VP and (ADJP eager (S (VP to (VP respond (PP to (NP (NP anyone )NP (SBAR (WHNP who )WHNP (S (VP might (VP make (NP a new offer )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )ADJP )UCP )S )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (ADVP inevitably )ADVP (VP leaves (NP (NP a *UNK )NP (PP of (NP shareholder lawsuits )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP they )NP (VP were (ADJP disappointed (SBAR (S (NP the company )NP (VP did n't (VP announce (NP (NP some recapitalization )NP or (NP other plan (S (VP to (VP maximize (NP value )NP )VP )VP )S )NP )NP )VP )VP )S )SBAR )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP One takeover expert )NP (VP noted (SBAR that (S (NP *UNK )NP (VP could (VP force (NP a recapitalization )NP (PP through (NP (NP the written consent process )NP (SBAR (WHPP under (WHNP which )WHNP )WHPP (S (NP holders )NP (VP may (VP oust (NP the board )NP (PP by (NP a majority vote )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The machinists union )NP (VP has (VP suggested (SBAR (S (NP it )NP (VP may (VP propose (NP (NP a recapitalization )NP (SBAR (WHNP that )WHNP (S (VP includes (NP (NP (NP a special dividend )NP (PP for (NP holders )NP )PP )NP and (NP (NP a minority ownership stake )NP (PP for (NP employees )NP )PP )NP )NP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Los Angeles investor Marvin Davis )NP , (SBAR (WHNP (WHNP whose (ADJP $ *UNK- )ADJP offer )WHNP (PP for (NP UAL )NP )PP (PP in (NP August )NP )PP )WHNP (S (VP triggered (NP a bidding war )NP )VP )S )SBAR , )NP (VP says (SBAR (S (NP he )NP (VP remains (ADJP interested (PP in (NP the airline )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (ADVP However )ADVP , (NP he )NP (VP is (VP restricted (PP from (S (VP making (NP certain hostile moves )NP )VP )S )PP (PP by (NP (NP an agreement )NP (SBAR (S (NP he )NP (VP signed (S (VP to (VP obtain (NP *UNK UAL data )NP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP he )NP (VP ca n't (VP make (NP any hostile moves )NP (SBAR unless (S (NP he )NP (VP makes (NP (NP a tender offer )NP (NP (NP (QP at least $ 300 )QP )NP (NP a share )NP )NP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Tandy Corp. )NP (VP said (SBAR (S (NP it )NP (VP wo n't (VP join (NP (NP U.S. Memories )NP , (NP (NP the group )NP (SBAR (WHNP that )WHNP (S (VP seeks (S (VP to (VP battle (NP the Japanese )NP (PP in (NP (NP the market )NP (PP for (NP computer memory chips )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )NP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Tandy 's )NP decision )NP (VP is (NP (NP a second setback )NP (PP for (NP U.S. Memories )NP )PP )NP )VP . )S  STOP
(S (NP Last month )NP , (NP Apple Computer Inc. )NP (VP said (SBAR that (S (NP it )NP (VP would n't (VP invest (PP in (NP the group )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Apple )NP (VP said (SBAR that (S (NP its money )NP (VP would (VP be (ADVP better )ADVP (VP spent (PP in (NP (NP areas )NP (PP such as (NP research and development )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP U.S. Memories )NP (VP is (VP seeking (NP (NP major investors )NP (SBAR (S (VP to (VP back (NP its attempt (S (VP to (VP crack (NP (NP (NP the (ADJP (QP $ 10 billion )QP )ADJP market )NP (PP for (NP dynamic random access memory chips )NP )PP )NP , (NP (NP a market )NP (VP dominated (PP by (NP the Japanese )NP )PP )VP )NP )NP )VP )VP )S )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP Those chips )NP (VP were (PP in (NP dire shortage )NP )PP (NP last year )NP , (S (VP hurting (NP (NP many U.S. computer companies )NP (SBAR (WHNP that )WHNP (S (VP could n't (VP get (NP sufficient *UNKED chips )NP )VP )VP )S )SBAR )NP )VP )S )VP . )S  STOP
(S (NP Tandy )NP (VP said (SBAR (S (NP (NP its experience )NP (PP during (NP the shortage )NP )PP )NP (VP did n't (VP merit (NP (NP the (ADJP (QP $ 5 million to $ 50 million )QP )ADJP investment )NP (SBAR (S (NP U.S. Memories )NP (VP is (VP seeking (PP from (NP each investor )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (PP At (NP this time )NP )PP , (NP we )NP (VP elected (S not (VP to (VP get (VP involved )VP )VP )VP )S (SBAR because (S (NP we )NP (VP have (VP been (ADJP able (S (VP to (VP satisfy (NP (NP our need )NP -LCB- (PP for (NP *UNKC )NP )PP -RCB- )NP (PP from (NP the market )NP )PP (PP as (NP a rule )NP )PP )VP )VP )S )ADJP )VP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP *UNK *UNKC )NP , (NP (NP (NP Tandy 's )NP director )NP (PP of (NP market planning )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP Sanford *UNKC )NP , (NP U.S. Memories president )NP , )NP (VP said (SBAR (S (NP the decision )NP (VP (VP was `` (ADJP disappointing )ADJP )VP , '' but (VP does n't (VP *UNK (NP (NP U.S. Memories ' )NP failure )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP I )NP (VP would (VP like (S (VP to (VP have (VP had (NP them )NP )VP )VP )VP )S )VP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S But `` (NP they )NP (VP were n't (PP on (NP (NP my list )NP (PP of (NP (NP companies )NP (SBAR (WHNP who )WHNP (S (VP were (ADJP critical (S (VP to (VP be (NP (NP a part )NP (PP of (NP it )NP )PP )NP )VP )VP )S )ADJP )VP )S )SBAR )NP )PP )NP )PP )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP became (NP (NP (NP president )NP and (NP chief executive officer )NP )NP (PP of (NP U.S. Memories )NP )PP )NP (NP (NP last June )NP , (SBAR (WHADVP when )WHADVP (S (NP the group )NP (VP was (VP formed (PP by (NP (NP seven electronics companies )NP : (NP (NP Advanced *UNKC *UNKC Inc. )NP , (NP Digital Equipment Corp. )NP ; (NP Hewlett-Packard Co. )NP ; (NP Intel Corp. )NP ; (NP International Business Machines Corp. )NP ; (NP *UNKC *UNKC Corp. )NP and (NP National *UNKC Corp )NP )NP )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP he )NP (VP expects (S (NP (QP two or three )QP major corporations )NP (VP to (VP announce (NP (NP their participation )NP (PP in (NP U.S. Memories )NP )PP )NP (SBAR soon after (S (NP the group )NP (VP *UNK (NP a business plan )NP , (NP (ADVP probably )ADVP late this week )NP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP U.S. Memories )NP (VP needs (NP (NP a catalyst )NP (PRN , (S (NP he )NP (VP said )VP )S , )PRN (SBAR (S (VP to (VP *UNK (S (NP others )NP (VP to (VP join )VP )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(S But (ADVP so far )ADVP , (NP most potential participants )NP (VP have n't (VP decided )VP )VP . )S  STOP
(S (NP Sun Microsystems Inc. )NP (VP said (S (NP it )NP (VP (VP 's (ADVP still )ADVP (ADVP actively )ADVP (VP evaluating (NP U.S. Memories )NP )VP )VP and (VP plans (S (VP to (VP meet (PP with (NP U.S. Memories representatives )NP )PP (NP later this week )NP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP American Telephone & Telegraph Co. )NP (VP said (SBAR (S (NP it )NP (VP was (VP waiting (S (VP to (VP see (NP (NP U.S. Memories ' )NP business plan )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC maker *UNKC Research Inc. )NP (VP said (SBAR (S (NP it )NP (VP is (ADVP still )ADVP (VP studying (NP the situation )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP A Compaq Computer Corp. spokeswoman )NP (VP said (SBAR that (S (NP the company )NP (VP has n't (VP made (NP a decision )NP (ADVP yet )ADVP , (SBAR although `` (S (NP it )NP (VP is n't (PP under (NP active consideration )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP a *UNKING *UNK )NP )PP , (NP (NP Members )NP (PP of (NP the Senate Intelligence Committee )NP )PP )NP (VP are (VP complaining (SBAR that (S (NP (NP someone )NP (PP in (NP the executive branch )NP )PP )NP (VP is (VP *UNKING (PP on (NP them )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP David Boren )NP , (NP the Intelligence Committee chairman )NP , )NP (VP is (ADJP upset (SBAR that (S (NP someone )NP (VP *UNKED (NP (NP a letter )NP (PP to (NP the committee )NP )PP (PP from (NP the Reagan administration )NP )PP (VP suggesting (SBAR that (S (NP the U.S. )NP (VP would (VP *UNK (S (VP to (VP *UNK (NP Panamanian *UNK Manuel Noriega )NP )VP )VP )S (SBAR if (S (NP it )NP (VP got (NP wind )NP (PP of (NP (NP an impending coup )NP (SBAR (WHNP that )WHNP (S (VP might (VP result (PP in (NP his assassination )NP )PP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP )NP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (PP With (NP (NP due respect )NP (PP to (NP `` (NP highly classified *UNK )NP '' and (NP other *UNK )NP )NP )PP )NP )PP , (NP the *UNK )NP (VP are (VP performing (NP a public service )NP )VP )VP . )S  STOP
(S (SBAR If (S (NP the CIA )NP (VP has (VP become (NP (NP a protection service )NP (PP for (NP Mr. Noriega )NP )PP )NP )VP )VP )S )SBAR , (NP the American people )NP (VP ought (S (VP to (VP know )VP )VP )S )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (VP went (ADJP wrong )ADJP (PP in (NP Panama )NP )PP )VP )S )SBAR (VP is (NP (NP a *UNKING subject )NP (PP for (NP (ADJP public and congressional )ADJP inquiry )NP )PP )NP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP (NP Senator Boren )NP and (NP his committee )NP )NP (VP would (VP like (NP (NP free *UNK )NP (SBAR (S (VP to (VP blame (NP the executive branch )NP )VP )VP )S )SBAR )NP (SBAR while (S (VP *UNKING `` (NP top secret )NP '' (PP on (NP their own *UNK )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S But (NP there )NP (VP 's (NP (NP no danger )NP (PP of (S (VP *UNKING (NP sources and methods )NP )VP )S )PP )NP (PP in (S (VP *UNKING (NP (NP the debate )NP (VP running (PP up and down (NP Pennsylvania Avenue )NP )PP )VP )NP )VP )S )PP )VP . )S  STOP
(S And (SBAR if (S (NP Congress )NP (VP is (VP going (S (VP to (VP assume (NP (NP authority )NP (PP to (NP *UNK foreign policy )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR , (NP it )NP (VP 's (VP going (S (VP to (VP have (S (VP to (VP take (NP (NP some )NP (PP of (NP the responsibility )NP )PP )NP )VP )VP )S )VP )VP )S (ADVP too )ADVP )VP )VP . )S  STOP
(S (NP (NP The President )NP (PP of (NP the United States )NP )PP )NP (VP urged (NP the (ADJP Panamanian *UNKED )ADJP forces )NP (S (VP to (VP move (PP against (NP Mr. Noriega )NP )PP )VP )VP )S )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP they )NP (VP did )VP )S )SBAR , (NP his *UNK )NP (VP did n't (VP have (NP (NP the initiative )NP (SBAR (S (VP to (VP do (NP (NP more )NP (SBAR than (S (VP block (NP (NP a couple )NP (PP of (NP roads )NP )PP )NP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP The executive branch )NP (VP bears (NP (NP the first responsibility )NP (PP for (NP *UNK )NP )PP )NP )VP . )S  STOP
(SBARQ But (WHNP (WHNP what kind )WHNP (PP of (NP initiative )NP )PP )WHNP (SQ can (NP you )NP (VP expect (PP given (NP (NP the climate )NP (VP set (PP by (NP Congress )NP )PP )VP )NP )PP )VP )SQ ? )SBARQ  STOP
(SBARQ (PP For (NP example )NP )PP , (WHNP what exactly )WHNP (SQ did (NP the CIA )NP (VP tell (NP (NP Major *UNKC )NP and (NP his fellow coup *UNK )NP )NP (PP about (NP (NP (NP U.S. laws )NP and (NP executive orders )NP )NP (PP on (NP *UNK )NP )PP )NP )PP )VP )SQ ? )SBARQ  STOP
(SBARQ (WHNP What part )WHNP (SQ did (NP U.S. warnings )NP (VP play (PP in (NP (NP the major 's )NP *UNK (S (VP to (VP pull (NP the trigger )NP )VP )VP )S )NP )PP (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP (VP had (NP General Noriega )NP (PP in (NP *UNK )NP )PP )VP , but (VP was (PP under (NP (NP attack )NP (PP by (NP *UNK- troops )NP )PP )NP )PP )VP )VP )S )SBAR )VP )SQ ? )SBARQ  STOP
(S (NP Mr. Noriega )NP (VP did n't (VP suffer (PP from (NP any *UNK )NP )PP (SBAR once (S (NP he )NP (VP had (NP the *UNK )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP Maybe )ADVP (NP we )NP (VP need (NP (NP (NP a CIA version )NP (PP of (NP the *UNKC warning )NP )PP )NP : (S (NP You )NP (VP have (NP the right (S (VP to (VP *UNK (NP your coup intentions )NP )VP )VP )S )NP , (SBAR because (S (NP we )NP (VP may (VP *UNK (PP on (NP you )NP )PP )VP )VP )S )SBAR )VP )S )NP )VP . )S  STOP
(FRAG Or (ADVP maybe )ADVP (NP (NP a (NP *UNKC General 's )NP warning )NP : (S (S (VP *UNKING (PP in (NP the United States )NP )PP )VP )S (VP may (VP be (ADJP *UNK )ADJP )VP )VP )S )NP . )FRAG  STOP
(S (NP (NP CIA chief William Webster )NP , (RRC (ADVP hardly )ADVP (NP a Washington *UNK )NP )RRC , )NP (VP got (S (NP the debate )NP (VP started )VP )S (NP last week )NP (PP by (S (VP noting (SBAR that (S (NP (NP the executive order )NP (VP banning (NP *UNK )NP )VP )NP (VP had (VP contributed (PP to (NP U.S. *UNK )NP )PP (PP during (NP the coup )NP )PP )VP )VP )S )SBAR )VP )S )PP )VP . )S  STOP
(S (NP (NP (NP (NP The CIA 's )NP *UNKC Director )NP (PP of (NP *UNKC )NP )PP )NP , (NP Richard *UNKC )NP , )NP (VP (VP tried (S (VP to (VP smooth (NP things )NP (PRT over )PRT (ADVP (NP a few days )NP later )ADVP )VP )VP )S )VP , but (VP (ADVP instead )ADVP (ADVP simply )ADVP *UNKED (NP (NP Mr. Webster 's )NP point )NP )VP )VP . )S  STOP
(S (NP (NP `` (NP The interpretation )NP '' (PP of (NP the executive order )NP )PP )NP (PRN , (S (NP Mr. *UNKC )NP (VP said )VP )S , )PRN `` and (NP (NP the way )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP the various committees )NP (VP have (PP over (NP time )NP )PP (VP interpreted (NP it )NP )VP )VP )S )SBAR )NP , )NP (VP has (VP led (PP in (NP my view )NP )PP (PP to (NP (NP a proper caution )NP (PP on (NP (NP the part )NP (PP of (NP (NP operators )NP , (PP including (NP me )NP )PP )NP )PP )NP )PP )NP )PP )VP )VP . '' )S  STOP
(S (PP In (NP other words )NP )PP , (S (NP Congress )NP (VP wo n't (VP let (S (NP the CIA )NP (VP do (NP (NP much )NP (PP of (NP anything )NP )PP )NP )VP )S (ADVP anymore )ADVP )VP )VP )S , and (S (NP that )NP (VP 's (ADJP fine (PP with (NP the CIA )NP )PP )ADJP )VP )S . )S  STOP
(S (S (NP The pay )NP (VP 's (NP the same )NP )VP )S , and (S (NP the duty )NP (VP 's (ADJP *UNK )ADJP )VP )S . )S  STOP
(S And (PP of (NP course )NP )PP , (S (VP doing (NP (NP anything )NP (SBAR (WHNP that )WHNP (S (VP might (VP be (VP *UNKED (PP by (NP Congress )NP )PP )VP )VP )VP )S )SBAR )NP )VP )S (VP carries (NP heavy penalties )NP )VP . )S  STOP
(S (VP *UNKC (NP (NP the *UNKC prosecution )NP (PP of (NP *UNKC North )NP )PP )NP )VP . )S  STOP
(S (NP (NP (NP The Intelligence Committee 's )NP ranking Republican )NP , (NP Senator William Cohen )NP , )NP (VP joined (PP with (NP Senator George Mitchell )NP )PP (S (VP to (VP write (NP (NP a best seller )NP (PP about (NP Iran-Contra )NP )PP , (VP *UNKING `` (NP (NP *UNKC )NP (PP of (NP *UNKC )NP )PP )NP )VP )NP )VP )VP )S )VP . '' )S  STOP
(S (NP No doubt )NP (NP (NP many people )NP (PP in (NP (NP the CIA )NP , (NP the Pentagon )NP and (NP the National Security Council )NP )NP )PP )NP (VP have (VP read (NP it )NP )VP )VP . )S  STOP
(SBARQ (WHNP (WHNP What kind )WHNP (PP of (NP initiative )NP )PP )WHNP (SQ should (NP anyone )NP (VP expect (PP from (NP (NP people )NP (PP out (PP on (NP the line )NP )PP )PP (SBAR (WHNP who )WHNP (S (VP (VP 've (VP read (NP all this )NP )VP )VP and (VP know (SBAR (WHNP what )WHNP (S (VP can (VP happen (SBAR if (S (NP they )NP (VP fail )VP )S )SBAR )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )VP )SQ ? )SBARQ  STOP
(SBARQ (WHNP Who )WHNP (SQ (VP wants (S (VP to (VP end (PRT up )PRT (PP as (NP (NP the *UNK )NP (PP in (NP a Bill Cohen *UNK play )NP )PP )NP )PP )VP )VP )S )VP )SQ ? )SBARQ  STOP
(S (NP (NP The order )NP (PP against (NP *UNK )NP )PP )NP (VP is (NP (NP another *UNK )NP (PP of (NP (NP the same congressional *UNK- )NP , (NP (NP a product )NP (PP of (NP (NP the 1970s Vietnam syndrome )NP (PP against (NP any executive action )NP )PP )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (NP President Bush )NP (VP would (VP do (NP (NP himself )NP and (NP the country )NP )NP (NP a favor )NP (PP by (S (VP *UNKING (NP the order )NP (PP as (NP (NP an *UNK *UNK )NP (PP on (NP his ability (S (VP to (VP defend (NP (NP America 's )NP national security )NP )VP )VP )S )NP )PP )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S (S (NP There )NP (VP are (PP of (NP course )NP )PP (NP (NP good reasons )NP (SBAR (S (NP the U.S. )NP (VP should n't (VP get (PP into (NP the assassination business )NP )PP )VP )VP )S )SBAR )NP )VP )S , but (S (S (VP *UNKING (NP the executive order )NP )VP )S (VP is not (NP (NP the same thing )NP (PP as (S (VP saying (SBAR (S (NP the U.S. )NP (VP should (VP start (S (VP passing (PRT out )PRT (NP *UNKING *UNK )NP )VP )S )VP )VP )S )SBAR )VP )S )PP )NP )VP )S . )S  STOP
(S (S (NP The world )NP (VP being (NP (NP the nasty place )NP (SBAR (S (NP it )NP (VP is )VP )S )SBAR )NP )VP )S , (NP we )NP (VP want (S (NP *UNKC )NP (VP to (VP have (NP (NP the freedom )NP (SBAR (S (VP to (VP order (NP (NP operations )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP someone )NP (VP might (VP get (VP killed )VP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (PP In (NP such *UNK )NP )PP , (S (NP you )NP (VP can not (VP write (NP rules )NP (PP in (NP advance )NP )PP )VP )VP )S , (S (NP you )NP (VP can (ADVP only )ADVP (VP make (ADJP sure (SBAR (S (NP the President )NP (VP takes (NP the responsibility )NP )VP )S )SBAR )ADJP )VP )VP )S . )S  STOP
(S (NP (NP The executive order )NP and (NP (NP the reported agreements )NP (PP with (NP the Intelligence Committee )NP )PP )NP )NP (VP are (ADJP neither *UNK nor moral )ADJP )VP . )S  STOP
(S (SBAR As (S (NP it )NP (ADVP now )ADVP (VP stands )VP )S )SBAR , (NP the U.S. )NP (VP (VP can (VP *UNK (NP *UNKC )NP )VP )VP , but (VP ca n't (VP `` *UNK '' (NP *UNKC *UNKC )NP )VP )VP )VP . )S  STOP
(S (NP It )NP (VP (VP can (VP send (NP a *UNK *UNK )NP (S (VP to (VP *UNK (NP (NP *UNK *UNK )NP (PP in (NP the *UNKC Valley )NP )PP )NP )VP )VP )S )VP )VP , but (VP ca n't (VP *UNK (NP *UNKC *UNKC )NP )VP )VP )VP . )S  STOP
(S (NP Both (NP the assassination order )NP and (NP (NP the quality )NP (PP of (NP debate )NP )PP (PP in (NP Washington )NP )PP )NP )NP (VP are (VP telling (NP the world )NP (SBAR that (S (NP (NP the only way )NP (SBAR (S (NP the U.S. )NP (VP will (VP kill (NP a *UNK )NP )VP )VP )S )SBAR )NP (VP is (PP by (S (VP making (ADJP sure (SBAR (S (NP we )NP (VP take (NP some *UNK *UNK )NP (PP with (NP him )NP )PP )VP )S )SBAR )ADJP )VP )S )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP We )NP (VP 've (VP heard (S (NP (NP California 's )NP *UNKING *UNKC 13 )NP (VP blamed (PP for (NP a lot )NP )PP )VP )S (PP over (NP the years )NP )PP )VP )VP )S , but (S (NP (NP ABC 's )NP Ted *UNKC )NP (VP came (PRT up )PRT (PP with (NP a new *UNK )NP )PP (PP in (NP his earthquake coverage )NP )PP (NP last week )NP (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP asked (NP Democratic *UNKC Richard Katz )NP (SBAR if (S (NP *UNKC 13 )NP (VP had (VP *UNK (NP (NP money )NP (VP needed (PP for (NP road maintenance )NP )PP )VP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP )S . )S  STOP
(S (NP Mr. Katz )NP (ADVP *UNKLY )ADVP (VP agreed , (S (VP *UNKING (PP over (NP the fact (SBAR that (S (NP (NP California 's )NP roads and bridges )NP (VP are n't (VP funded (PP (PP by (NP property taxes )NP )PP but (PP by (NP (UCP state and federal )UCP gasoline taxes )NP )PP )PP )VP )VP )S )SBAR )NP )PP )VP )S )VP . )S  STOP
(S (NP Both )NP (VP have (VP been (VP raised (NP (QP at least 30 )QP % )NP (PP in (NP recent years )NP )PP , (SBAR even while (S (NP (NP the price )NP (PP of (NP gasoline )NP )PP )NP (VP has (VP fallen )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (S (VP *UNKING (NP *UNKC 13 )NP (PP into (NP this story )NP )PP )VP )S (VP is (NP a (ADJP pretty long )ADJP stretch )NP )VP . )S  STOP
(S (NP (NP A series )NP (PP of (NP *UNK )NP )PP )NP (VP *UNK (PP through (NP (NP the huge Phillips Petroleum Co. plastics plant )NP (PP near (NP here )NP )PP )NP )PP , (S (VP (VP *UNKING (NP (NP more )NP (PP than (NP a hundred )NP )PP )NP )VP and (VP closing (NP (NP parts )NP (PP of (NP the Houston *UNKC Channel )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (S (NP There )NP (VP were (NP (NP no immediate reports )NP (PP of (NP deaths )NP )PP )NP )VP )S , but (S (NP officials )NP (VP said (SBAR (S (NP (NP a number )NP (PP of (NP workers )NP )PP )NP (VP were (ADVP still )ADVP (ADJP *UNKED (PRT for )PRT )ADJP (NP last night )NP )VP )S )SBAR )VP )S . )S  STOP
(S (NP The (NAC *UNKC , *UNKC , )NAC oil company )NP (ADVP late yesterday )ADVP (ADVP still )ADVP (VP had n't (VP said (ADVP officially )ADVP (SBAR (WHNP what )WHNP (S (VP caused (NP (NP the *UNK and fires )NP , (SBAR (WHNP which )WHNP (S (VP sent (S (NP (NP columns )NP (PP of (NP heavy black smoke )NP )PP )NP (VP *UNKING (ADVP high (PP into (NP the air )NP )PP )ADVP )VP )S )VP )S )SBAR )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP One local Phillips manager )NP (VP said (SBAR (S (NP (NP a *UNK )NP )NP (VP *UNK (PP in (NP (NP one )NP (PP of (NP (NP the plant 's )NP *UNK )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP Glenn *UNKC )NP , (NP (NP Phillips ' )NP (NX (NX president )NX and (NX chief operating officer )NX )NX )NP , )NP and (NP other Phillips officials )NP )NP (VP flew (PP from (NP *UNKC )NP )PP (S (VP to (VP (VP assess (NP the damage )NP )VP and (VP determine (NP (NP the cause )NP (PP of (NP the afternoon *UNK )NP )PP )NP )VP )VP )VP )S )VP . )S  STOP
(S (PP In (NP (NP composite trading )NP (PP on (NP the New York Stock Exchange )NP )PP )NP )PP , (NP Phillips Petroleum shares )NP (VP fell (NP $ 1.125 )NP (PP to (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (NP The plastics plant )NP (VP is (VP located (PP on (NP (NP an *UNK- *UNK )NP (PP in (NP (NP the heart )NP (PP of (NP (NP the petrochemical *UNK )NP (SBAR (WHNP that )WHNP (S (VP reaches (PP along (NP the U.S. Gulf Coast )NP )PP )VP )S )SBAR )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The U.S. Coast *UNKC )NP (VP closed (NP (NP six miles )NP (PP of (NP (NP the Houston *UNKC Channel )NP , (SBAR (WHADVP where )WHADVP (S (NP about 150 companies )NP (VP have (NP operations )NP )VP )S )SBAR , )NP )PP )NP (SBAR because (S (NP the *UNK , black smoke )NP (VP *UNKED (NP the area )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The *UNKC )NP (PP of (NP Houston )NP )PP )NP (VP closed (NP (NP its terminal )NP (PP for (S (VP handling (NP bulk cargo )NP )VP )S )PP )NP )VP . )S  STOP
(S (S (NP (NP *UNKC water lines )NP and (NP gas *UNK )NP )NP (VP *UNKED (NP (NP *UNK ' )NP efforts )NP )VP )S , but (S (PP by (NP late yesterday )NP )PP (NP authorities )NP (VP said (SBAR (S (NP they )NP (VP had (S (NP the fire )NP (PP under (NP control )NP )PP )S )VP )S )SBAR )VP )S . )S  STOP
(S (NP The *UNK )NP (VP (VP *UNK (ADVP out )ADVP (NP windows )NP )VP , (VP *UNKED (NP *UNK )NP (PP for (NP miles )NP )PP )VP and (VP *UNKED (NP the ceiling )NP (PP in (NP an area *UNK school )NP )PP )VP )VP . )S  STOP
(S (NP The initial *UNK )NP (VP was (VP caught (PP by (NP (NP *UNK )NP (PP in (NP (NP downtown Houston )NP , (ADVP (NP (QP about 10 )QP miles )NP away )ADVP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP (NAC *UNKC *UNKC , Texas , )NAC police )NP (VP reported (SBAR that (S (NP *UNKN people )NP (VP had (VP been (VP taken (PP to (NP area hospitals )NP )PP )VP )VP )VP )S )SBAR )VP )S , but (S (NP a spokeswoman )NP (VP said (SBAR (S (NP that toll )NP (VP could (VP rise )VP )VP )S )SBAR )VP )S . )S  STOP
(S (S (NP (NP The injured )NP , (PP including (NP (NP three )NP (PP in (NP critical condition )NP )PP )NP )PP , )NP (VP were (VP treated (PP for (NP (NP *UNK )NP , (NP *UNKING problems )NP and (NP (NP cuts )NP (PP from (NP flying glass )NP )PP )NP )NP )PP )VP )VP )S , (NP hospital officials )NP (VP said )VP . )S  STOP
(S (NP The plant )NP (VP employs (NP (QP between 800 and 900 )QP )NP (PP on (NP three *UNK )NP )PP )VP . )S  STOP
(S (NP (NP The number )NP (VP working (PP at (NP (NP the time )NP (PP of (NP the blast )NP )PP )NP )PP )VP )NP (VP was n't (ADJP known )ADJP )VP . )S  STOP
(S (NP (NP Yesterday 's )NP explosions )NP (VP were (NP (NP the second round )NP (PP in (NP two months )NP )PP (PP at (NP the plastics plant )NP )PP )NP )VP . )S  STOP
(S (PP In (NP late August )NP )PP , (S (NP four contract workers )NP (VP were (VP injured )VP )VP )S and (S (NP one Phillips employee )NP (VP died )VP )S (PP after (NP (NP an explosion )NP (PP at (NP (NP a fuel supply line )NP (PP near (NP (NP the facility 's )NP *UNK house )NP )PP )NP )PP )NP )PP . )S  STOP
(S (NP The Phillips facility )NP (VP *UNK (NP (NP *UNK , *UNK and *UNKC )NP , (NP (NP plastics )NP (VP used (PP in (NP (NP a wide array )NP (PP of (NP applications )NP )PP , (PP including (NP (NP milk *UNK )NP and (NP *UNK )NP )NP )PP )NP )PP )VP )NP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP are (NP (NP the *UNK )NP (PP of (NP (NP (NP Phillips ' )NP chemicals operations )NP , (SBAR (WHNP which )WHNP (S (VP is (NP (NP the biggest single *UNK )NP (PP to (NP (NP the company 's )NP profits )NP )PP )NP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP (NP A federal judge )NP (PP in (NP Manhattan )NP )PP )NP (VP has (VP entered (NP (NP a judgment )NP (VP requiring (S (NP a Chicago organized crime figure )NP (VP to (VP pay (NP the government )NP (NP (NP $ 250,000 )NP , (VP representing (NP (NP alleged profits )NP (SBAR (S (NP he )NP (VP gained (PP from (NP (NP his involvement )NP (PP with (NP (NP the International *UNKC )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP )PP )VP )S )SBAR )NP )VP )NP )VP )VP )S )VP )NP )VP )VP . )S  STOP
(S (NP Manhattan U.S. Attorney *UNKC *UNKC )NP (VP said (SBAR (S (NP it )NP (VP was (NP (NP the first time ever )NP (SBAR (WHADVP that )WHADVP (S (NP the government )NP (VP had (VP obtained (NP any *UNK )NP (PP from (NP (NP an organized crime figure )NP (VP indicted (PP under (NP the civil racketeering law )NP )PP )VP )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Joseph *UNKC )NP , (SBAR (WHNP who )WHNP (S (NP the government )NP (VP alleged (SBAR (S (VP was (NP (NP the `` *UNK '' )NP (PP of (NP (NP organized crime )NP (PP in (NP Chicago )NP )PP )NP )PP )NP )VP )S )SBAR )VP )S )SBAR , )NP (VP was (NP (NP one )NP (PP of (NP (NP numerous defendants )NP (PP in (NP (NP (NP the government 's )NP sweeping racketeering suit )NP (PP against (NP the *UNKC )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP (NP the suit )NP , (VP filed (PP in (NP June 1988 )NP )PP )VP , )NP )PP (NP the government )NP (VP accused (NP (NP the union 's )NP leadership )NP (PP of (S (VP *UNKING (NP its (QP 1.6 million )QP members )NP (PP of (NP their rights )NP )PP (PP through (NP (NP a pattern )NP (PP of (NP racketeering )NP )PP )NP )PP )VP )S )PP )VP . )S  STOP
(S (PP Among (NP other things )NP )PP , (NP the government )NP (VP claimed (SBAR that (S (NP organized crime figures )NP (VP had (ADVP routinely )ADVP (VP *UNKED (NP (NP the union 's )NP top officials )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP U.S. District Judge David *UNKC )NP (ADVP also )ADVP (ADVP *UNKLY )ADVP (VP *UNKED (NP Mr. *UNKC )NP (PP from (NP (NP any future dealings )NP (PP with (NP (NP the *UNKC )NP or (NP any other labor union )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (NP (NP the last )NP (PP of (NP the defendants )NP )PP (SBAR (S (VP to (VP settle (NP the suit )NP )VP )VP )S )SBAR )NP , )NP (VP agreed (S (VP to (VP pay (NP the government )NP (NP the $ 250,000 )NP (PP within (NP one week )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Exxon Corp. )NP (VP said (SBAR (S (NP its third-quarter earnings )NP (VP slipped (NP 9 % )NP (SBAR as (S (NP (NP profits )NP (PP from (NP (NP two )NP (PP of (NP its three major businesses )NP )PP )NP )PP )NP (VP *UNKED )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP All cleanup costs )NP (PP from (NP (NP last spring 's )NP *UNKC oil spill )NP )PP )NP (VP were (VP reflected (PP in (NP earlier results )NP )PP )VP )VP )S , (NP it )NP (VP said )VP . )S  STOP
(S (NP (NP Phillips Petroleum Co. )NP and (NP Atlantic *UNKC Co. )NP )NP (ADVP also )ADVP (VP reported (NP (NP declines )NP (PP in (NP quarterly profit )NP )PP )NP , (SBAR while (S (NP Ashland Oil Inc. )NP (VP posted (NP (NP a loss )NP (PP for (NP the latest quarter )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC Hess Corp. )NP and (NP *UNKC Petroleum Corp. )NP )NP (VP reported (NP higher earnings )NP )VP . )S  STOP
(NP Exxon )NP  STOP
(S (SBAR Although (S (NP Exxon )NP (VP spent (ADVP heavily )ADVP (PP during (NP the latest quarter )NP )PP (S (VP to (VP clean (PRT up )PRT (NP (NP the Alaskan *UNK )NP (VP *UNKED (PP by (NP its huge oil spill )NP )PP )VP )NP )VP )VP )S )VP )S )SBAR , (NP (NP those expenses )NP (CONJP as well as )CONJP (NP (NP the cost )NP (PP of (NP a continuing *UNKED program )NP )PP )NP )NP (VP are (VP covered (PP by (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP (NP charges )NP (VP taken (PP during (NP the first half )NP )PP )VP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP An Exxon official )NP (VP said (SBAR that (S (PP at (NP this time )NP )PP (NP the oil company )NP (VP does n't (VP anticipate (NP (NP any additional charges )NP (PP to (NP (NP future earnings )NP (VP relating (PP to (NP (NP the cleanup )NP (PP of (NP (NP oil )NP (VP *UNKED (SBAR (WHADVP when )WHADVP (S (NP (NP one )NP (PP of (NP its *UNK )NP )PP )NP (VP *UNKED (PP into (NP an *UNK *UNK )NP )PP )VP )S )SBAR )VP )NP )PP )NP )PP )VP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP She )NP (VP added , (ADVP however )ADVP , (SBAR that (S (NP (NP charges )NP (VP (ADVP already )ADVP taken )VP )NP (VP do n't (VP take (PP into (NP account )NP )PP (NP (NP the potential effect )NP (PP of (NP (NP litigation )NP (VP involving (NP the oil spill )NP )VP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP She )NP (VP said (SBAR (S (NP that impact )NP (VP ca n't (VP be (ADVP reasonably )ADVP (VP *UNKED (ADVP yet )ADVP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Exxon 's )NP net income )NP (PP during (NP the third quarter )NP )PP (VP dropped (PP to (NP (NP (QP $ *UNKN billion )QP )NP , or (NP (NP 87 cents )NP (NP a share )NP )NP )NP )PP , (PP from (NP (NP (QP $ 1.22 billion )QP )NP , or (NP (NP 93 cents )NP (NP a share )NP )NP )NP , (ADVP (NP a year )NP earlier )ADVP )PP )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP *UNKN % )NP , (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (PP During (NP the third quarter )NP )PP , (NP Exxon )NP (VP purchased (NP (NP (QP *UNKN million )QP shares )NP (PP of (NP its stock )NP )PP )NP (PP at (NP (NP a cost )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Exxon 's )NP profitability )NP , (PP like (NP (NP that )NP (PP of (NP many other oil companies )NP )PP )NP )PP , (VP was (VP hurt (PP during (NP the third quarter )NP )PP (PP by (NP (NP declining returns )NP (PP from (NP the chemicals and refining and marketing businesses )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP (NP Exxon 's )NP earnings )NP (PP from (NP chemicals operations )NP )PP )NP (VP fell (NP (QP $ 90 million )QP )NP , (PP to (NP $ *UNKN million )NP )PP , (SBAR while (S (NP refining and marketing profits )NP (VP declined (NP (QP $ 180 million )QP )NP , (PP to (NP (QP $ *UNKN million )QP )NP )PP )VP )S )SBAR )VP . )S  STOP
(SINV (S (SBAR Although (S (NP crude oil prices )NP (VP were (ADJP significantly higher )ADJP (NP this year )NP )VP )S )SBAR , (NP they )NP (VP were n't (ADJP strong enough (S (VP to (VP offset (NP (NP the declining profits )NP (PP in (NP those business sectors )NP )PP (PP at (NP most oil companies )NP )PP )NP )VP )VP )S )ADJP )VP )S , (VP said )VP (NP (NP William *UNKC )NP , (NP (NP oil analyst )NP (PP for (NP First Boston Corp )NP )PP )NP )NP . )SINV  STOP
(S (NP He )NP (VP estimates (SBAR that (S (NP (NP the price )NP (PP of (NP (NP West Texas *UNKC )NP , (NP the U.S. benchmark crude )NP , )NP )PP )NP (VP was (ADJP (NP (NP $ *UNKN )NP (NP a barrel )NP )NP higher )ADJP (PP during (NP (NP the third quarter )NP (PP of (NP this year )NP )PP )NP )PP (PP than (PP in (NP (NP the same period )NP (NP last year )NP )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(NP Ashland Oil )NP  STOP
(S (NP (NP A *UNK )NP (PP of (NP one-time charges )NP )PP )NP (VP left (NP Ashland Oil )NP (PP with (NP (NP a loss )NP (PP of (NP (QP $ 39 million )QP )NP )PP (PP for (NP its fiscal fourth quarter )NP )PP )NP )PP )VP . )S  STOP
(S (ADVP (NP A year )NP earlier )ADVP , (NP the *UNK )NP (VP earned (NP (NP (QP $ 66 million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )VP . )S  STOP
(S (NP *UNKLY revenue )NP (VP rose (NP 4.5 % )NP , (PP to (NP (QP $ 2.3 billion )QP )NP )PP (PP from (NP (QP $ 2.2 billion )QP )NP )PP )VP . )S  STOP
(S (PP For (NP the year )NP )PP , (NP net income )NP (VP tumbled (NP 61 % )NP (PP to (NP (NP (QP $ 86 million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )VP . )S  STOP
(S (NP The (NAC Ashland , Ky. , )NAC oil company )NP (VP reported (NP (NP a (ADJP (QP $ 38 million )QP )ADJP charge )NP (VP resulting (PP from (NP (NP settlement )NP (PP of (NP (NP a 10-year dispute )NP (PP with (NP the National *UNKC Oil Co. )NP )PP (PP over (NP claims (SBAR that (S (NP Ashland )NP (VP did n't (VP pay (PP for (NP (NP Iranian crude )NP (SBAR (S (NP it )NP (VP had (VP received )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )PP )VP )NP )VP . )S  STOP
(S (PP In (NP September )NP )PP , (NP Ashland )NP (VP settled (NP the *UNKING dispute )NP (PP by (S (VP agreeing (S (VP to (VP pay (NP Iran )NP (NP (QP $ *UNKN million )QP )NP )VP )VP )S )VP )S )PP )VP . )S  STOP
(S (NP Ashland )NP (ADVP also )ADVP (VP took (NP (NP a (ADJP (QP $ 25 million )QP )ADJP after-tax charge )NP (SBAR (S (VP to (VP cover (NP anticipated costs )NP )VP )VP )S )SBAR )NP (S (VP to (VP correct (NP (NP problems )NP (PP with (NP (NP *UNK )NP (VP built (PP by (NP (NP one )NP (PP of (NP its subsidiaries )NP )PP )NP )PP )VP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP The oil *UNK )NP (ADVP also )ADVP (VP *UNKED (NP a (ADJP (QP $ 15 million )QP )ADJP charge )NP (PP for (S (VP selling (NP (NP Ashland Technology Corp. )NP , (NP (NP one )NP (PP of (NP its subsidiaries )NP )PP )NP , )NP (PP at (NP a loss )NP )PP )VP )S )PP )VP . )S  STOP
(NP *UNKC Hess )NP  STOP
(S (NP (NP Third-quarter earnings )NP (PP at (NP *UNKC Hess )NP )PP )NP (VP (ADVP more than )ADVP tripled (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 64 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 20 cents )NP (NP a share )NP )NP )NP , (ADVP (NP a year )NP earlier )ADVP )PP )VP . )S  STOP
(S (NP Revenue )NP (VP climbed (NP 28 % )NP , (PP to (NP (QP $ 1.18 billion )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP improved (PP across (NP (NP Hess 's )NP businesses )NP )PP )VP . )S  STOP
(S (S (NP *UNKING and marketing earnings )NP (VP climbed (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP )S , and (S (NP exploration and production earnings )NP (VP rose (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP )S . )S  STOP
(S (NP (NP Hess 's )NP earnings )NP (VP were (ADVP up )ADVP (PP despite (NP (NP a (ADJP (QP $ 30 million )QP )ADJP charge )NP (SBAR (S (VP to (VP cover (NP (NP the cost )NP (PP of (S (VP maintaining (NP operations )NP (SBAR after (S (NP Hurricane Hugo )NP (ADVP heavily )ADVP (VP damaged (NP (NP (NP the company 's )NP refinery )NP (PP at (NP St. *UNKC )NP )PP )NP )VP )S )SBAR )VP )S )PP )NP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP It )NP (VP is (ADVP widely )ADVP (VP known (PP within (NP industry circles )NP )PP (SBAR that (S (NP Hess )NP (VP had (S (VP to (VP buy (NP oil products )NP (PP in (NP the *UNKED spot markets )NP )PP (S (VP to (VP continue (S (VP *UNKING (NP its customers )NP )VP )S )VP )VP )S )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Hess )NP (VP declined (S (VP to (VP comment )VP )VP )S )VP . )S  STOP
(NP Phillips Petroleum )NP  STOP
(S (NP (NP Phillips Petroleum 's )NP third-quarter earnings )NP (VP slid (NP 60 % )NP , (PP to (NP (NP (QP $ 87 million )QP )NP , or (NP (NP 36 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 89 cents )NP (NP a share )NP )NP )NP )PP )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP 6.9 % )NP , (PP to (NP (QP $ 3.1 billion )QP )NP )PP (PP from (NP (QP $ 2.9 billion )QP )NP )PP )VP . )S  STOP
(SINV (S (NP (NP *UNKING profit margins )NP (PP in (NP chemical and refining and marketing sectors )NP )PP )NP (VP accounted (PP for (NP (NP most )NP (PP of (NP the decline )NP )PP )NP )PP )VP )S , (VP said )VP (NP Chairman *UNKC *UNKC )NP (PP in (NP a statement )NP )PP . )SINV  STOP
(S (PP Despite (NP higher oil prices )NP )PP , (NP exploration and production profits )NP (VP were (ADVP off )ADVP (PP because of (NP (NP *UNK- losses )NP and (NP (NP some construction costs )NP (VP incurred (PP in (NP (NP one )NP (PP of (NP (NP Phillips ' )NP North Sea oil fields )NP )PP )NP )PP )VP )NP )NP )PP )VP . )S  STOP
(S (ADVP (NP A year )NP ago )ADVP , (NP results )NP (VP were (VP buoyed (PP by (NP (NP a (ADJP (QP $ 20 million )QP )ADJP after-tax gain )NP (PP from (NP an asset sale )NP )PP )NP )PP )VP )VP . )S  STOP
(NP *UNKC Petroleum )NP  STOP
(S (NP (NP *UNKC Petroleum 's )NP third-quarter net income )NP (VP rose (NP 2.9 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 39 cents )NP (NP a share )NP )NP )NP )PP , (PP from (NP (NP (QP $ 105 million )QP )NP , or (NP (NP 38 cents )NP (NP a share )NP )NP )NP , (ADVP (NP a year )NP earlier )ADVP )PP )VP . )S  STOP
(S (NP The latest quarter )NP (VP included (NP (NP an after-tax gain )NP (PP of (NP (QP $ 71 million )QP )NP )PP (PP from (NP *UNKING items )NP )PP )NP )VP . )S  STOP
(S (NP Sales )NP (VP dropped (NP 2 % )NP , (PP to (NP (QP $ 4.8 billion )QP )NP )PP (PP from (NP (QP $ 4.9 billion )QP )NP )PP )VP . )S  STOP
(S (NP The latest period )NP (VP included (NP (NP (NP a (ADJP (QP $ 54 million )QP )ADJP gain )NP (PP from (NP (NP the sale )NP (PP of (NP various oil and gas properties )NP )PP )NP )PP )NP , (NP (NP a (ADJP (QP $ 22 million )QP )ADJP charge )NP (PP from (NP (NP the restructuring )NP (PP of (NP (NP Occidental 's )NP domestic oil and gas operations )NP )PP )NP )PP )NP , and (NP (NP tax credits )NP (PP of (NP (QP $ 42 million )QP )NP )PP )NP )NP )VP . )S  STOP
(S (NP Both periods )NP (VP included (NP (NP *UNKING charges )NP (PP of (NP (QP $ 3 million )QP )NP )PP (PP for (NP (NP early retirement )NP (PP of (NP debt )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Occidental )NP (VP said (SBAR (S (NP oil and gas earnings )NP (VP fell (PP to (NP (QP $ 17 million )QP )NP )PP (PP from (NP (QP $ 20 million )QP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The latest period )NP (VP includes (NP (NP net gains )NP (PP of (NP (NP (QP $ 32 million )QP )NP (PP in (NP (NP *UNKING credits )NP (PP from (NP (NP the sale )NP (PP of (NP properties )NP )PP )NP )PP )NP )PP )NP )PP )NP , (S (VP indicating (NP (NP operating losses )NP (PP for (NP the quarter )NP )PP (PP in (NP the oil and gas division )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP Chemical earnings )NP (VP fell (NP 10 % )NP , (S (VP reflecting (NP (NP *UNKING )NP (PP of (NP demand )NP )PP )NP )VP )S )VP . )S  STOP
(NP Atlantic *UNKC )NP  STOP
(S (S (VP *UNKING (NP (NP its reduced ownership )NP (PP in (NP the *UNKC *UNKC Co. )NP )PP )NP )VP )S , (NP Atlantic Richfield )NP (VP reported (SBAR that (S (NP net income )NP (VP slid (NP 3.1 % )NP (PP in (NP the third quarter )NP )PP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP , (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (PP for (NP the comparable period last year )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Sales )NP (VP fell (NP 20 % )NP , (PP to (NP (QP $ 3.7 billion )QP )NP )PP (PP from (NP (QP $ 4.6 billion )QP )NP )PP )VP . )S  STOP
(S (NP (NP (NP *UNKC 's )NP earnings )NP (PP from (NP (NP its (ADJP *UNKN % )ADJP stake )NP (PP in (NP *UNKC )NP )PP )NP )PP )NP (VP fell (PP to (NP (QP $ 37 million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP (PP for (NP (NP (NP the same period )NP (NP last year )NP )NP , (SBAR (WHADVP when )WHADVP (S (NP *UNKC )NP (VP was (ADVP *UNKLY )ADVP (VP owned )VP )VP )S )SBAR )NP )PP )PP )VP . )S  STOP
(S (SINV (VP *UNKING (NP (NP the lower stake )NP (PP in (NP *UNKC )NP )PP )NP )VP (VP were )VP (NP (NP higher crude oil prices )NP , (NP increased natural gas *UNK )NP and (NP higher *UNK prices )NP )NP )SINV , (NP the company )NP (VP said )VP . )S  STOP
(S (NP *UNKC earnings )NP (VP rose (PP to (NP (QP $ 26 million )QP )NP )PP (PP from (NP (QP $ 21 million )QP )NP )PP )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP *UNKC )NP (VP reported (NP (NP net income )NP (PP of (NP (NP (QP $ 1.6 billion )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP , (ADVP up (NP 33 % )NP (PP from (NP (NP (QP $ 1.2 billion )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )NP )VP . )S  STOP
(S (NP Sales )NP (VP were (NP (QP $ 12 billion )QP )NP , (ADVP off (NP 13 % )NP (PP from (NP (QP $ 13.8 billion )QP )NP )PP )ADVP )VP . )S  STOP
(S (NP Jeff Rowe )NP (VP contributed (PP to (NP this article )NP )PP )VP . )S  STOP
(S (NP The following )NP (VP were (PP among (NP (NP (NP yesterday 's )NP offerings and pricings )NP (PP in (NP the (UCP U.S. and non-U.S. )UCP capital markets )NP )PP )NP )PP , (PP with (NP (NP terms )NP and (NP syndicate manager )NP )NP )PP , (SBAR as (S (VP compiled (PP by (NP Dow Jones Capital Markets Report )NP )PP )VP )S )SBAR )VP : )S  STOP
(NP (NP *UNKC Industries Inc. )NP -- (NP (NP (QP $ 150 million )QP )NP (PP of (NP senior subordinated debentures )NP )PP (ADJP due (NP 2001 )NP )ADJP , (VP priced (PP at (NP par )NP )PP (S (VP to (VP yield (NP 12 % )NP )VP )VP )S )VP )NP . )NP  STOP
(S (NP The issue )NP (VP will (VP be (VP sold (PP through (NP Morgan Stanley & Co )NP )PP )VP )VP )VP . )S  STOP
(S (NP Other details )NP (VP were n't (ADJP available )ADJP )VP . )S  STOP
(NP (NP (NP San Antonio )NP , (NP Texas )NP )NP -- (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP electric and gas system revenue refunding bonds )NP )PP , (NP Series 1989 , *UNK and *UNK )NP , (VP (ADVP tentatively )ADVP priced (PP by (NP a First Boston Corp. group )NP )PP (S (VP to (VP yield (PP (PP from (NP (NP *UNKN % )NP (PP in (NP 1991 )NP )PP )NP )PP (PP to (NP (NP *UNKN % )NP (PP in (NP 2009 )NP )PP )NP )PP )PP )VP )VP )S )VP )NP . )NP  STOP
(S (NP The issue )NP (VP includes (NP (NP (NP current interest bonds )NP (ADJP due (NP *UNKN , 2009 , *UNKN , *UNKN and 2016 )NP )ADJP )NP , and (NP (NP capital appreciation bonds )NP (ADJP due (NP *UNKN )NP )ADJP )NP )NP )VP . )S  STOP
(S (NP The current interest *UNK bonds )NP (VP are (VP priced (S (VP to (VP yield (PP (PP from (NP (NP *UNKN % )NP (PP in (NP 1991 )NP )PP )NP )PP (PP to (NP (NP 7.10 % )NP (PP in (NP 2000 )NP )PP )NP )PP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP There )NP (VP are (NP (NP (QP about $ 100 million )QP )NP (PP of (NP (ADJP 7 % )ADJP term bonds )NP )PP (ADJP due (NP 2009 )NP )ADJP , (VP priced (S (VP to (VP yield (NP (NP *UNKN % )NP , (SBAR (WHNP which )WHNP (S (VP is (NP (NP the issue 's )NP high yield )NP )VP )S )SBAR )NP )VP )VP )S )VP )NP )VP . )S  STOP
(S (NP There )NP (VP are (ADVP also )ADVP (NP (NP (NP (QP about $ *UNKN million )QP )NP (PP of (NP (ADJP (QP 6 1\/2 )QP % )ADJP bonds )NP )PP (VP priced (S (VP to (VP yield (NP 7.25 % )NP (PP in (NP *UNKN )NP )PP )VP )VP )S )VP )NP ; (NP (NP (QP about $ 97 million )QP )NP (PP of (NP (ADJP 6 % )ADJP bonds )NP )PP (VP priced (S (VP to (VP yield (NP 7.20 % )NP (PP in (NP *UNKN )NP )PP )VP )VP )S )VP )NP ; and (NP (NP (QP about $ *UNKN million )QP )NP (PP of (NP (ADJP 5 % )ADJP bonds )NP )PP (VP priced (S (VP to (VP yield (NP *UNKN % )NP (PP in (NP 2016 )NP )PP )VP )VP )S )VP )NP )NP )VP . )S  STOP
(S (NP (NP All )NP (PP of (NP the term bonds )NP )PP )NP (VP are (NP original issue discount bonds )NP , (PP according (PP to (NP the lead underwriter )NP )PP )PP )VP . )S  STOP
(S (NP The capital appreciation bonds )NP (VP are (ADVP tentatively )ADVP (VP priced (S (VP to (VP yield (PP to (NP maturity )NP )PP (PP (PP from (NP (NP 7 % )NP (PP in (NP 2001 )NP )PP )NP )PP (PP to (NP (NP 7.10 % )NP (PP in (NP *UNKN )NP )PP )NP )PP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP The bonds )NP (VP are (VP rated (S (ADJP double-A )ADJP )S (PP by (NP (NP (NP Moody 's )NP Investors Service Inc. )NP and (NP (NP Standard & Poor 's )NP Corp )NP )NP )PP )VP )VP . )S  STOP
(NP (NP Maryland *UNKC Authority )NP -- (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP sports facilities lease revenue bonds )NP )PP , (NP Series 1989 D )NP , (ADJP due (NP *UNKN , 2004 , 2009 and 2019 )NP )ADJP , (VP (ADVP tentatively )ADVP priced (PP at (NP par )NP )PP (PP by (NP a Morgan Stanley group )NP )PP (S (VP to (VP yield (PP (PP from (NP (NP *UNKN % )NP (PP in (NP 1992 )NP )PP )NP )PP (PP to (NP (NP *UNKN % )NP (PP in (NP 2019 )NP )PP )NP )PP )PP )VP )VP )S )VP )NP . )NP  STOP
(S (NP *UNKC bonds )NP (VP are (VP priced (S (VP to (VP yield (NP (QP to 7.10 )QP % )NP (PP in (NP 1999 )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP There )NP (VP are (NP (NP (NP $ *UNKN )NP (PP of (NP (NP (ADJP (QP 7 3\/8 )QP % )ADJP bonds )NP )NP )PP (UCP (VP priced (PP at (NP par )NP )PP )VP and (ADJP due (NP 2004 )NP )ADJP )UCP )NP ; (NP (NP $ *UNKN )NP (PP of (NP (NP (ADJP (QP 7 1\/2 )QP % )ADJP bonds )NP (UCP (VP priced (PP at (NP par )NP )PP )VP and (ADJP due (NP 2009 )NP )ADJP )UCP )NP )PP )NP ; and (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP (NP (ADJP *UNKN % )ADJP bonds )NP (UCP (VP priced (PP at (NP par )NP )PP )VP and (ADJP due (NP 2019 )NP )ADJP )UCP )NP )PP )NP )NP )VP . )S  STOP
(S (NP The bonds )NP (VP are (VP (VP rated (S (ADJP double-A )ADJP )S (PP by (NP Moody 's )NP )PP )VP and (VP (ADJP *UNK- )ADJP (PP by (NP S&P )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP Interest )NP (PP on (NP the bonds )NP )PP )NP (VP will (VP be (VP treated (PP as (NP a preference item )NP )PP (PP in (S (VP *UNKING (NP (NP the federal alternative minimum tax )NP (SBAR (WHNP that )WHNP (S (VP may (VP be (VP imposed (PP on (NP certain investors )NP )PP )VP )VP )VP )S )SBAR )NP )VP )S )PP )VP )VP )VP . )S  STOP
(NP (NP Federal Home Loan Mortgage Corp. )NP -- (NP (NP (QP $ 250 million )QP )NP (PP of (NP Remic mortgage securities )NP )PP (VP being (VP offered (PP in (NP 11 classes )NP )PP (PP by (NP Morgan Stanley )NP )PP )VP )VP )NP . )NP  STOP
(S (NP (NP The offering )NP , (NP Series 107 )NP , )NP (VP (VP is (VP backed (PP by (NP Freddie Mac *UNK- , (ADJP 9 % )ADJP securities )NP )PP )VP )VP , and (VP (VP brings (NP (NP Freddie Mac 's )NP 1989 Remic issuance )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP )VP and (VP (NP its total volume )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP )VP (SBAR since (S (NP the program )NP (VP began (PP in (NP February 1988 )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The offering )NP (VP used (NP *UNK- pricing )NP )VP . )S  STOP
(NP (NP Federal National Mortgage Association )NP -- (NP (NP (QP $ 500 million )QP )NP (PP of (NP Remic mortgage securities )NP )PP (VP being (VP offered (PP in (NP 10 classes )NP )PP (PP by (NP Merrill Lynch Capital Markets )NP )PP )VP )VP )NP . )NP  STOP
(S (NP (NP The offering )NP , (NP Series *UNKN )NP , )NP (VP is (VP backed (PP by (NP Fannie Mae (ADJP 9 % )ADJP securities )NP )PP )VP )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP (NP a (ADJP (QP $ 400 million )QP )ADJP issue )NP (PP of (NP Fannie Mae Remic mortgage securities )NP )PP )NP (VP is (VP being (VP offered (PP in (NP 15 classes )NP )PP (PP by (NP Bear , Stearns & Co )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP The offering )NP , (NP Series *UNKN )NP , )NP (VP is (VP backed (PP by (NP Fannie Mae (ADJP 9 % )ADJP securities )NP )PP )VP )VP . )S  STOP
(S (ADVP Finally )ADVP , (NP (NP a (ADJP (QP $ 300 million )QP )ADJP issue )NP (PP of (NP Fannie Mae Remic mortgage securities )NP )PP )NP (VP is (VP being (VP offered (PP in (NP 12 classes )NP )PP (PP by (NP Smith Barney , Harris Upham & Co )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP The offering )NP , (NP Series *UNKN )NP , )NP (VP is (VP backed (PP by (NP Fannie Mae (ADJP (QP 9 1\/2 )QP % )ADJP securities )NP )PP )VP )VP . )S  STOP
(S (NP The three offerings )NP (ADVP together )ADVP (VP (VP bring (NP (NP Fannie Mae 's )NP 1989 Remic issuance )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP )VP and (VP (NP its total Remic volume )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP )VP (SBAR since (S (NP the program )NP (VP began (PP in (NP April 1987 )NP )PP )VP )S )SBAR )VP . )S  STOP
(NP (NP (NP Credit *UNKC )NP -LRB- (NP *UNKC )NP -RRB- -LRB- (ADJP French )ADJP -RRB- )NP -- (NP (NP (QP $ 250 million )QP )NP (PP of (NP (ADJP (QP 8 3\/4 )QP % )ADJP bonds )NP )PP (ADJP due (NP Nov. 21 , 1994 )NP )ADJP , (VP priced (PP at (NP *UNKN )NP )PP (S (VP to (VP yield (NP *UNKN % )NP (ADVP annually )ADVP (PP less (NP full fees )NP )PP )VP )VP )S )VP , (PP via (NP *UNKC International Ltd )NP )PP )NP . )NP  STOP
(NP Fees (QP 1 7\/8 )QP . )NP  STOP
(NP (NP (NP *UNKC Electric Power Co . )NP -LRB- (NP Japan )NP -RRB- )NP -- (NP (NP (NP (QP $ 200 million )QP )NP (PP of (NP (ADJP (QP 8 7\/8 )QP % )ADJP bonds )NP )PP )NP (ADJP due (NP Nov. 20 , 1996 )NP )ADJP , (VP priced (PP at (NP 101 3\/4 )NP )PP (S (VP to (VP yield (NP *UNKN % )NP (PP less (NP full fees )NP )PP )VP )VP )S )VP , (PP via (NP (NP Yamaichi International )NP -LRB- (NP Europe )NP -RRB- (ADJP Ltd )ADJP )NP )PP )NP . )NP  STOP
(NP Fees (QP 1 7\/8 )QP . )NP  STOP
(NP (NP (NP International Finance Corp . )NP -LRB- (NP agency )NP -RRB- )NP -- (NP (NP (QP 10 billion )QP *UNK )NP (PP of (NP (ADJP *UNKN % )ADJP bonds )NP )PP (ADJP due (NP Nov. 30 , 1994 )NP )ADJP , (VP priced (PP at (NP 101 5\/8 )NP )PP (S (VP to (VP yield (NP *UNKN % )NP (PP less (NP full fees )NP )PP )VP )VP )S )VP , (PP via (NP (NP (NP *UNKC )NP -LRB- (NP *UNKC )NP -RRB- )NP and (NP (NP Banco *UNKC de *UNKC )NP , (NP Spain )NP )NP )NP )PP )NP . )NP  STOP
(NP Fees (QP 1 5\/8 )QP . )NP  STOP
(NP (NP (NP (NP (NP Royal Bank )NP (PP of (NP Canada )NP )PP )NP , (NP Grand *UNKC branch )NP )NP -LRB- (NP Canada )NP -RRB- )NP -- (NP (NP (QP 100 million )QP Canadian dollars )NP (PP of (NP (NP (ADJP (QP 10 3\/4 )QP % )ADJP deposit notes )NP (ADJP due (NP Nov. 30 , 1994 )NP )ADJP )NP )PP , (VP priced (PP at (NP (QP 101 3\/4 )QP )NP )PP (S (VP to (VP yield (NP *UNKN % )NP (PP less (NP full fees )NP )PP )VP )VP )S )VP , (PP via (NP *UNKC *UNKC Securities International Ltd )NP )PP )NP . )NP  STOP
(NP Fees (QP 1 7\/8 )QP . )NP  STOP
(NP (NP (NP Union Bank )NP (PP of (NP Finland )NP )PP )NP -- (NP (NP (QP 100 million )QP Australian dollars )NP (PP of (NP (ADJP 9 % )ADJP bonds )NP )PP (ADJP due (NP Nov. 9 , 1990 )NP )ADJP , (VP priced (PP at (NP *UNK )NP )PP (S (VP to (VP yield (NP *UNKN % )NP (PP less (NP full fees )NP )PP )VP )VP )S )VP , (PP via (NP Banque Paribas Capital Markets Ltd )NP )PP )NP . )NP  STOP
(NP Fees 1 . )NP  STOP
(NP (NP Ford Motor Credit )NP -- (NP (NP (QP $ *UNKN billion )QP )NP (PP of (NP (NP certificates )NP (VP backed (PP by (NP (NP automobile loans )NP (PP with (NP (NP a coupon rate )NP (PP of (NP 8.70 % )NP )PP )NP )PP )NP )PP )VP )NP )PP , (VP priced (PP at (NP 99 *UNKN )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP (PP through (NP (NP an underwriting group )NP (VP headed (PP by (NP First Boston Corp )NP )PP )VP )NP )PP )NP . )NP  STOP
(S (NP The issue )NP (VP is (NP (NP (NP the first )NP (PP by (NP (NP Ford Motor Credit )NP , (NP (NP a unit )NP (PP of (NP Ford Motor Co. )NP )PP )NP , )NP )PP )NP and (NP (NP the second largest )NP (PP in (NP (NP the four-year history )NP (PP of (NP the (ADJP (QP $ 45 billion )QP )ADJP asset-backed market )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (NP The largest issue )NP (VP was (NP (NP a (ADJP (QP $ 4 billion )QP )ADJP offering )NP (PP of (NP *UNK- securities )NP )PP (PP by (NP General Motors Acceptance Corp. )NP )PP (PP in (NP 1986 )NP )PP )NP )VP . )S  STOP
(S (NP The Ford issue )NP , (PP through (NP Ford Credit *UNK- *UNKC Trust )NP )PP , (VP was (VP priced (PP at (NP (NP a yield spread )NP (PP of (PP (NP 95 basis points )NP above (NP (NP the Treasury (ADJP (QP 7 3\/4 )QP % )ADJP issue )NP (ADJP due (NP July 1991 )NP )ADJP )NP )PP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The offering )NP (VP is (VP (VP rated (S (ADJP *UNK- )ADJP )S (PP by (NP Moody 's )NP )PP )VP and (VP (ADJP double-A )ADJP (PP by (NP S&P )NP )PP )VP , (PP based (PP on (NP (NP (NP the quality )NP (PP of (NP the underlying auto loans )NP )PP )NP and (NP (NP a guarantee )NP (VP covering (NP (NP 9 % )NP (PP of (NP the deal )NP )PP )NP )VP (PP from (NP Ford Motor Credit )NP )PP )NP )NP )PP )PP )VP )VP . )S  STOP
(S (NP The certificates )NP (VP have (NP (NP an estimated average life )NP (PP of (NP 1.8 years )NP )PP )NP , (S (VP assuming (NP (NP monthly *UNK )NP (PP at (NP (NP 1.3 % )NP (PP of (NP the original balance )NP )PP )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP The final maturity )NP (VP is (PP in (NP five years )NP )PP )VP . )S  STOP
(S (NP The *UNKC )NP (VP is (ADVP back )ADVP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC Jr. )NP , (SBAR (WHNP who )WHNP (S (VP (VP *UNKED (PP as (NP a *UNK- host )NP )PP )VP and (VP (ADVP frequently )ADVP (ADVP *UNKLY )ADVP *UNKED (NP his guests )NP )VP )VP )S )SBAR , )NP (VP has (VP been (VP signed (S (VP to (VP *UNK- (NP (NP a half-hour *UNKLY program )NP (PP on (NP (NP the Consumer News and Business Channel )NP , (NP (NP the cable channel )NP (VP (ADVP partly )ADVP owned (PP by (NP (NP the General Electric Co. 's )NP National Broadcasting Co )NP )PP )VP )NP )NP )PP )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP (NP The *UNK )NP (PP of (NP `` (NP *UNKC )NP , '' (PP with (NP (NP Mr. *UNKC )NP and (NP (NP Richard G. Carter )NP , (NP (NP a columnist )NP (PP with (NP the New York Daily News )NP )PP )NP , )NP )NP )PP )NP )PP )NP (VP is (VP scheduled (PP for (NP (NP Dec. 4 )NP (PP at (NP 8 *UNK )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (ADJP available (PP to (NP (QP 13 million )QP cable households )NP )PP )ADJP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP he )NP (VP is not (VP going (S (VP to (VP change (NP (NP his style )NP , (SBAR (WHNP which )WHNP (S (S (NP some critics )NP (VP said (SBAR (S (VP was (ADJP *UNK )ADJP )VP )S )SBAR )VP )S and (S (NP others )NP (VP *UNKED (S (ADJP offensive )ADJP )S )VP )S )S )SBAR )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S `` But (NP I )NP (VP 'm (VP going (S (VP to (VP proceed (PP in (NP a more *UNK way )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP I )NP (VP 'm not (VP going (S (VP to (VP do (NP (NP anything )NP (SBAR (WHNP that )WHNP (S (VP is not (ADJP acceptable )ADJP (PP in (NP (NP anyone 's )NP home )NP )PP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S But (NP that )NP (VP does n't (VP mean (SBAR (S (NP I )NP (VP 'm not (VP going (S (VP to (VP get (ADJP angry )ADJP )VP )VP )S )VP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP (NP Michael *UNKC )NP , (NP (NP president )NP (PP of (NP *UNKC )NP )PP )NP , )NP (VP said (SBAR that (S (SBAR although (S (NP there )NP (VP will (VP be (NP a studio audience )NP )VP )VP )S )SBAR , (NP viewers )NP (VP will (ADVP no longer )ADVP (VP have (S (VP to (VP *UNK (NP (NP the *UNKING )NP (PP of `` (FRAG (NP *UNKC )NP ! (NP *UNKC )NP ! (NP *UNKC )NP ! )FRAG '' )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP )S  STOP
(SBARQ But (WHADVP just how )WHADVP (SQ does (NP (NP Mr. *UNKC 's )NP *UNK style )NP (VP *UNK (PP with (NP (NP the *UNK tone )NP (PP of (NP (NP *UNKC 's )NP business programming )NP )PP )NP )PP )VP )SQ ? )SBARQ  STOP
(SINV `` (S (NP (NP *UNKC percent )NP (PP of (NP (NP *UNKC 's )NP old show )NP )PP )NP (VP fits (PP into (NP our style )NP )PP )VP )S , '' (VP said )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S `` (NP That )NP (VP is (NP consumer issues )NP )VP . '' )S  STOP
(S (NP (NP (NP Mr. *UNKC 's )NP previous show )NP , (NP a *UNK- *UNK *UNK )NP , (VP (VP *UNKED (PP by (NP MCA Inc. )NP )PP )VP and (VP produced (PP by (NP Quantum Media Inc. )NP )PP )VP )VP , )NP (VP was (VP canceled (PP in (NP July )NP )PP (SBAR after (S (NP advertisers and stations )NP (VP abandoned (NP it )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Investors )NP (VP dumped (NP (NP stocks )NP (PP of (NP (NP big companies )NP (SBAR (WHNP whose earnings )WHNP (S (VP *UNK (PP with (NP the economy )NP )PP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP (NP Many )NP (PP of (NP those `` cyclical '' issues )NP )PP )NP (VP are (PP in (NP (NP the Dow Jones Industrial Average )NP , (SBAR (WHNP which )WHNP (S (VP fell (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP *UNKING issues )NP (PP on (NP the New York Stock Exchange )NP )PP (VP *UNKED (NP *UNK )NP , (ADVP *UNKN to *UNKN )ADVP )VP . )S  STOP
(S (NP *UNKC fears )NP (VP are (VP *UNKING (PRT up )PRT (ADVP again )ADVP (PP among (NP investors )NP )PP )VP )VP . )S  STOP
(S (NP Analysts )NP (VP say (SBAR that (S (NP (NP the selling )NP (PP of (NP cyclical stocks )NP )PP )NP (NP yesterday )NP (VP will (VP be (VP followed (PP by (NP (NP a sell-off )NP (PP in (NP (NP shares )NP (PP of (NP (NP companies )NP (PP with (NP (NP big debt *UNK )NP (PP on (NP their balance sheets )NP )PP )NP )PP )NP )PP )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP an economic slowdown )NP )PP , (NP heavy debt *UNK )NP (VP reduce (NP (NP the flexibility )NP (PP of (NP companies )NP )PP )NP (SBAR because (S (NP (NP cash )NP (SBAR (WHNP that )WHNP (S (VP would (ADVP normally )ADVP (VP be (VP used (S (VP to (VP keep (S (NP the company )NP (ADJP *UNK )ADJP )S )VP )VP )S )VP )VP )VP )S )SBAR )NP (VP must (VP be (VP diverted (PP to (NP interest payments )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP On (NP the other hand )NP )PP , (NP investors )NP (VP beat (NP a clear path )NP (NP yesterday )NP (PP to (NP (NP blue-chip issues )NP (PP with (NP proven earnings growth records )NP )PP )NP )PP )VP . )S  STOP
(S (PP Among (NP the 30 Dow industrials )NP )PP , (NP they )NP (VP (VP bought (NP (NP McDonald 's )NP , (NP Coca-Cola Co. )NP and (NP Procter & Gamble )NP )NP )VP and (VP sold (NP (NP *UNKC Co. )NP (PP of (NP America )NP )PP )NP )VP )VP . )S  STOP
(S (PP In (NP (NP another sign )NP (PP of (NP slowdown fears )NP )PP )NP )PP , (NP investors )NP (VP dumped (NP technology shares )NP )VP . )S  STOP
(S (NP Many money managers )NP (VP are (VP bracing (PP for (NP (NP a decline )NP (PP in (NP (NP stocks )NP (PP of (NP (NP companies )NP (PP with (NP (NP big debt *UNK )NP (PP on (NP their balance sheets )NP )PP )NP )PP )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP The junk bond market )NP (VP is (VP being (VP taken (PRT apart )PRT '' (PP because of (NP recession fears )NP )PP )VP )VP )VP )S , (VP said )VP (NP (NP J. David Mills )NP , (NP (NP senior vice president )NP (PP at (NP Boston Company Advisers )NP )PP )NP )NP . )SINV  STOP
(S `` (PP Under (NP this scrutiny )NP )PP , (S (NP (NP the first thing )NP (SBAR (S (NP you )NP (VP do )VP )S )SBAR )NP (VP is (VP sell (NP your cyclical stocks )NP )VP )VP )S and (S (NP (NP the second thing )NP (SBAR (S (NP you )NP (VP do )VP )S )SBAR )NP (VP is (VP sell (NP your *UNKED companies )NP )VP )VP )S . '' )S  STOP
(S (PP In (NP fact )NP )PP , (NP (NP much )NP (PP of (NP (NP the buying )NP (PP in (NP blue chips )NP )PP )NP )PP )NP (NP yesterday )NP (VP was (NP (NP a pursuit )NP (PP of (NP (NP companies )NP (PP with (NP lower debt levels )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP (NP a recent investment letter )NP (ADJP entitled `` (NP (NP *UNKC )NP (PP of (NP the ` *UNKC *UNKC )NP )PP )NP )ADJP )NP )PP , ' '' (NP (NP Edward *UNKC )NP , (NP (NP chairman )NP (PP of (NP (NP PaineWebber 's )NP investment policy committee )NP )PP )NP , )NP (VP suggested (SBAR that (S (NP investors )NP (VP buy (NP (NP stocks )NP (PP of (NP (NP companies )NP (SBAR (WHNP that )WHNP (S (VP have (VP avoided (S (VP *UNKING (PRT up )PRT (PP on (NP debt )NP )PP )VP )S )VP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP We )NP (VP 're (VP saying (SBAR (S (NP companies )NP (VP have (S (VP to (VP pay (NP increasing attention )NP (PP to (NP balance sheets )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP )S , '' (VP said )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S (NP He )NP (VP suggested (SBAR that (S (NP investors )NP (VP buy (NP (NP the shares )NP (PP of (NP (NP Great Atlantic & Pacific *UNKC )NP , (NP J. Baker )NP , (NP McDonald 's )NP , (NP Philip Morris )NP and (NP *UNKC Lee )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR that (S (NP (NP all )NP (PP of (NP these companies )NP )PP )NP (VP will (VP be (ADJP able (S (VP to (VP compete (ADVP fiercely )ADVP (PP in (NP an economic downturn )NP )PP )VP )VP )S )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP McDonald 's )NP (VP has (NP (NP long-term debt )NP (VP equaling (NP (NP 91 % )NP (PP of (NP shareholder equity )NP )PP )NP )VP )NP (ADVP currently )ADVP )VP )S , but (S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP the company )NP (VP is (VP carrying (NP real estate assets )NP (PP at (PP (NP (QP about $ 2.6 billion )QP )NP below (NP their real value )NP )PP )PP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (S (NP Coca-Cola )NP (VP climbed (NP (QP 1 3\/8 )QP )NP (PP to (NP (QP 72 1\/8 )QP )NP )PP )VP )S ; (S (NP McDonald 's )NP (VP added (NP 1 )NP (PP to (NP (QP 31 3\/8 )QP )NP )PP )VP )S , and (S (NP Procter & Gamble )NP (VP gained (NP 3\/4 )NP (PP to (NP (QP 130 5\/8 )QP )NP )PP )VP )S . )S  STOP
(S (S (NP *UNKC )NP (VP fell (NP (QP 1 1\/4 )QP )NP (PP to (NP (QP 57 5\/8 )QP )NP )PP )VP )S , and (S (NP J. Baker )NP (VP gained (NP 3\/8 )NP (PP to (NP (QP 21 1\/4 )QP )NP )PP )VP )S . )S  STOP
(S (NP Philip Morris )NP (VP slipped (NP 1\/2 )NP (PP to (NP (QP 43 7\/8 )QP )NP )PP , (SBAR while (S (NP *UNKC Lee )NP (VP closed (ADJP unchanged )ADJP (PP at (NP (QP 60 1\/8 )QP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP According (PP to (NP (NP (NP Salomon Brothers ' )NP `` *UNK '' stock index )NP (PP of (NP (NP 20 companies )NP (SBAR (WHNP whose debt )WHNP (S (VP is (ADJP giant )ADJP (PP compared (PP with (NP shareholder equity )NP )PP )PP )VP )S )SBAR )NP )PP )NP )PP )PP , (NP investors )NP (VP are (ADVP already )ADVP (VP beginning (S (VP to (VP retreat (PP from (NP (NP shares )NP (PP of (NP *UNK- companies )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (PP (PP From (NP January )NP )PP (PP to (NP early September )NP )PP )PP , (NP (NP the index )NP (PP of (NP (NP *UNK stocks )NP -- (NP (NP the tiny portion )NP (PP of (NP equity )NP )PP (SBAR (WHNP that )WHNP (S (VP 's (ADVP publicly )ADVP (VP traded (PP following (NP a recapitalization )NP )PP )VP )VP )S )SBAR )NP -- )NP )PP )NP (VP *UNKED (NP (NP Standard & Poor 's )NP 500-stock index )NP (PP by (NP (QP about 20 )QP % )NP )PP )VP . )S  STOP
(S But (PP starting (PP in (NP early September )NP )PP )PP , (NP the index )NP (VP (VP started (S (VP to (VP slide )VP )VP )S )VP and (VP (ADVP now )ADVP stands (ADVP about even (PP with (NP the S&P 500 )NP )PP )ADVP )VP )VP . )S  STOP
(SINV `` (S (NP (NP Stocks )NP (SBAR (WHNP that )WHNP (S (VP have (NP a high default risk )NP )VP )S )SBAR )NP (VP have (VP started (S (VP to (VP *UNK (NP (NP those stocks )NP (SBAR (WHNP that )WHNP (S (VP have (NP a lower default risk )NP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S , '' (VP said )VP (NP (NP Eric *UNKC )NP , (NP (NP director )NP (PP of (NP *UNK analysis )NP )PP (PP at (NP Salomon Brothers )NP )PP )NP )NP . )SINV  STOP
(S `` (NP (NP Companies )NP (SBAR (WHNP that )WHNP (S (VP have (NP (NP the most exposure )NP (PP to (NP the business cycle )NP )PP )NP )VP )S )SBAR )NP (VP have (VP *UNKED (PP since (NP late last summer )NP )PP )VP )VP . '' )S  STOP
(S (NP (NP Union Carbide )NP , (SBAR (WHNP whose third-quarter earnings )WHNP (S (VP (VP dropped (NP (QP about 35 )QP % )NP (PP from (ADVP (NP a year )NP earlier )ADVP )PP )VP and (VP fell (ADVP short (PP of (NP (NP analysts ' )NP expectations )NP )PP )ADVP )VP )VP )S )SBAR , )NP (VP declined (NP 1\/2 )NP (PP to (NP (QP 24 1\/2 )QP )NP )PP )VP . )S  STOP
(S (ADVP Also )ADVP , (S (NP Exxon )NP (VP went (ADVP down (NP 3\/8 )NP )ADVP (PP to (NP (QP 45 3\/4 )QP )NP )PP )VP )S and (S (NP Allied-Signal )NP (VP lost (NP 7\/8 )NP (PP to (NP (QP 35 1\/8 )QP )NP )PP (SBAR even though (S (NP (NP (NP the companies ' )NP results )NP (PP for (NP the quarter )NP )PP )NP (VP were (PP in (NP (NP line )NP (PP with (NP forecasts )NP )PP )NP )PP )VP )S )SBAR )VP )S . )S  STOP
(S (NP Other weak blue-chip issues )NP (VP included (NP (NP (NP Chevron )NP , (SBAR (WHNP which )WHNP (S (VP went (ADVP down (NP 2 )NP )ADVP (PP to (NP 64 7\/8 )NP )PP (PP in (NP (NP Big Board composite trading )NP (PP of (NP (QP 1.3 million )QP shares )NP )PP )NP )PP )VP )S )SBAR )NP ; (NP (NP Goodyear *UNKC & *UNKC )NP , (ADVP off (NP (QP 1 1\/2 )QP )NP (PP to (NP (QP 46 3\/4 )QP )NP )PP )ADVP )NP , and (NP (NP American Express )NP , (ADVP down (NP 3\/4 )NP (PP to (NP (QP 37 1\/4 )QP )NP )PP )ADVP )NP )NP )VP . )S  STOP
(S (NP (NP Texas Instruments )NP , (SBAR (WHNP which )WHNP (S (VP had (VP reported (NP Friday )NP (SBAR that (S (NP third-quarter earnings )NP (VP fell (NP (QP more than 30 )QP % )NP (PP from (NP the year-ago level )NP )PP )VP )S )SBAR )VP )VP )S )SBAR , )NP (VP went (ADVP down (NP (QP 2 1\/8 )QP )NP )ADVP (PP to (NP 33 )NP )PP (PP on (NP (QP 1.1 million )QP shares )NP )PP )VP . )S  STOP
(S (NP (NP Motorola )NP , (NP another major semiconductor producer )NP , )NP (VP dropped (NP (QP 1 1\/8 )QP )NP (PP to (NP (QP 57 1\/2 )QP )NP )PP )VP . )S  STOP
(S (NP (NP Pinnacle West Capital )NP , (SBAR (WHNP whose earnings )WHNP (S (VP have (VP been (VP hurt (PP by (NP (NP continued problems )NP (PP at (NP its *UNKC unit )NP )PP )NP )PP )VP )VP )VP )S )SBAR , )NP (VP fell (NP (QP 1 5\/8 )QP )NP (PP to (NP (QP 9 1\/8 )QP )NP )PP (PP on (NP (QP 2.1 million )QP shares )NP )PP (S (VP to (VP lead (NP (NP (NP the Big Board 's )NP list )NP (PP of (NP most active issues )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (S (NP (NP *UNKING pressures )NP (PP on (NP the Arizona real-estate market )NP )PP )NP (VP are (VP affecting (NP the thrift )NP )VP )VP )S ; (S (NP Pinnacle West )NP (VP told (NP Dow Jones Professional Investor Report )NP (SBAR (S (NP it )NP (VP may (VP consider (S (VP filing (PP for (NP Chapter 11 bankruptcy protection )NP )PP )VP )S (SBAR if (S (NP it )NP (VP ca n't (VP reach (NP (NP an agreement )NP (PP with (NP federal regulators )NP )PP (S (VP to (VP provide (NP additional capital )NP (PP to (NP *UNKC )NP )PP )VP )VP )S )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP *UNKC )NP (VP dropped (NP (QP 2 5\/8 )QP )NP (PP to (NP (QP 41 3\/4 )QP )NP )PP (PP on (NP (NP (QP one million )QP shares )NP -- (NP (QP about six times )QP its average daily trading volume )NP -- )NP )PP (PP after (NP a disappointing third-quarter earnings report )NP )PP )VP . )S  STOP
(S (NP (NP Merrill Lynch )NP and (NP Prudential-Bache Securities )NP )NP both (VP lowered (NP (NP the stock 's )NP investment rating )NP (SBAR immediately after (S (NP the results )NP (VP were (VP issued (NP Friday )NP )VP )VP )S )SBAR , (PP according (PP to (NP *UNKC )NP )PP )PP )VP . )S  STOP
(S (ADVP Elsewhere (PP in (NP the chemicals sector )NP )PP )ADVP , (S (NP Dow Chemical )NP (VP fell (NP (QP 1 1\/4 )QP )NP (PP to (NP (QP 97 1\/2 )QP )NP )PP )VP )S , (S (NP *UNKC )NP (VP lost (NP (QP 1 7\/8 )QP )NP (PP to (NP *UNKN )NP )PP )VP )S , (S (NP *UNKC *UNKC )NP (VP slipped (NP (QP 2 1\/4 )QP )NP (PP to (NP (QP 44 3\/4 )QP )NP )PP )VP )S and (S (NP *UNKC )NP (VP slid (NP 1 )NP (PP to (NP (QP 57 3\/4 )QP )NP )PP )VP )S . )S  STOP
(S (NP (NP Other stocks )NP (VP hurt (PP by (NP *UNKED selling )NP )PP )VP )NP (VP included (NP (NP (NP Tandy )NP , (SBAR (WHNP which )WHNP (S (VP dropped (NP (QP 1 3\/8 )QP )NP (PP to (NP 44 )NP )PP )VP )S )SBAR , )NP and (NP (NP Eaton )NP , (SBAR (WHNP which )WHNP (S (VP retreated (NP (QP 2 1\/2 )QP )NP (PP to (NP (QP 57 1\/2 )QP )NP )PP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (NP (NP Third-quarter earnings )NP (PP at (NP both companies )NP )PP )NP (VP were (PP below (NP (NP analysts ' )NP forecasts )NP )PP )VP . )S  STOP
(S (PP After (S (VP declining (NP (QP about 41 )QP % )NP (NP last week )NP )VP )S )PP , (NP UAL )NP (VP advanced (NP (QP 9 7\/8 )QP )NP (PP to (NP (QP *UNKN 3\/8 )QP )NP )PP (PP on (NP (QP 1.1 million )QP shares )NP )PP (PP on (NP (NP anticipation )NP (PP of (NP (NP a revised takeover offer )NP (PP from (NP a labor-management group )NP )PP (PP for (NP (NP the parent company )NP (PP of (NP United Airlines )NP )PP )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (ADVP However )ADVP , (S (NP Delta Air Lines )NP (VP fell (NP (QP 1 1\/2 )QP )NP (PP to (NP (QP 67 1\/2 )QP )NP )PP )VP )S and (S (NP USAir Group )NP (VP dropped (NP 3\/4 )NP (PP to (NP (QP 42 1\/2 )QP )NP )PP )VP )S . )S  STOP
(S (NP Ramada )NP (VP gained (NP 7\/8 )NP (PP to (NP (QP 11 1\/4 )QP )NP )PP (PP after (S (VP *UNKING (NP (NP the terms )NP (PP of (NP (NP its restructuring plan )NP , (SBAR (WHNP which )WHNP (S (VP calls (SBAR for (S (NP the company )NP (VP to (VP (VP sell (NP its hotel operations )NP (PP for (NP (QP $ *UNKN million )QP )NP )PP )VP and (VP spin (PRT off )PRT (NP its casino business )NP (PP to (NP shareholders )NP )PP )VP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )VP )S )PP )VP . )S  STOP
(S (NP The *UNK )NP (VP follows (NP (NP (NP last month 's )NP withdrawal )NP (PP of (NP (NP a (ADJP (QP $ 400 million )QP )ADJP junk-bond offering )NP (PP for (NP (NP the new casino company )NP , (NP *UNKC Corp )NP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP gained (NP 1 )NP (PP to (NP (QP 37 7\/8 )QP )NP )PP )VP . )S  STOP
(S (NP USA Today )NP (VP reported (SBAR that (S (NP (NP the *UNKC brothers )NP , (NP (NP (ADJP Washington , *UNKED )ADJP investors )NP (SBAR (WHNP who )WHNP (S (VP made (NP an unsuccessful offer (S (VP to (VP acquire (NP *UNKC )NP (NP last year )NP )VP )VP )S )NP )VP )S )SBAR )NP , )NP (VP have (VP bought (NP (NP (QP nearly 3 )QP % )NP (PP of (NP (NP *UNKC 's )NP common shares )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Entertainment and media stocks )NP (ADVP generally )ADVP (VP escaped (NP (NP the market 's )NP slide )NP (ADVP as well )ADVP )VP . )S  STOP
(S (S (NP Paramount Communications )NP (VP rose (NP 5\/8 )NP (PP to (NP (QP 58 3\/4 )QP )NP )PP )VP )S , (S (NP Time Warner )NP (VP climbed (NP (QP 1 7\/8 )QP )NP (PP to (NP (QP *UNKN 5\/8 )QP )NP )PP )VP )S , (S (NP Walt Disney )NP (VP advanced (NP (QP 3 1\/8 )QP )NP (PP to (NP (QP *UNKN 1\/2 )QP )NP )PP )VP )S , (S (NP MCA )NP (VP rose (NP (QP 1 1\/8 )QP )NP (PP to (NP (QP 65 5\/8 )QP )NP )PP )VP )S and (S (NP *UNKC )NP (VP added (NP 1\/2 )NP (PP to (NP (QP 67 1\/8 )QP )NP )PP )VP )S . )S  STOP
(S (NP The American Stock Exchange Market Value Index )NP (VP lost (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP Volume )NP (VP totaled (NP *UNKN shares )NP )VP . )S  STOP
(S (NP Carnival *UNKC Lines Class A )NP (VP fell (NP (QP 1 3\/4 )QP )NP (PP to (NP (QP 20 3\/4 )QP )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP it )NP (VP had (VP been (VP notified (ADVP *UNKLY )ADVP (SBAR that (S (NP (NP Waertsilae Marine Industries )NP , (NP (NP a Finnish shipyard )NP (VP building (NP three *UNK ships )NP (PP for (NP the company )NP )PP )VP )NP , )NP (VP (VP is (VP having (NP financial trouble )NP )VP )VP and (VP may (ADVP already )ADVP (VP have (VP filed (PP for (NP bankruptcy )NP )PP )VP )VP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP `` (NP *UNKC )NP '' and `` (NP *UNKC )NP '' )NP (VP are (NP (NP the sort )NP (PP of (NP (NP *UNK )NP (VP (ADVP normally )ADVP associated (PP with (NP (NP *UNK )NP and (NP *UNK *UNK )NP )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(SBARQ (WHNP Who )WHNP (SQ 'd (VP have (VP thought (SBAR that (S (NP (NP the next group )NP (PP of (NP (NP tough guys )NP (VP carrying (PP around (NP (NP *UNK )NP (PP like (NP that )NP )PP )NP )PP )VP )NP )PP )NP (VP would (VP be (NP school *UNK )NP )VP )VP )S )SBAR )VP )VP )SQ ? )SBARQ  STOP
(S (NP (NP Chicago 's )NP new school chief )NP (VP is (NP the *UNKED Ted *UNKC )NP )VP . )S  STOP
(S (PP At (NP (NP his old job )NP (PP in (NP (NP *UNKC )NP , (NP Calif. )NP )NP )PP )NP )PP , (NP he )NP (VP (VP took (NP (NP a bitter teachers ' )NP strike )NP )VP and (VP (ADVP nearly )ADVP came (PP to (NP *UNK )NP )PP (PP with (NP a *UNK- member )NP )PP )VP )VP . )S  STOP
(S (PP At (NP his first Chicago press conference )NP )PP , (NP he )NP (VP *UNKED (NP the reporters )NP )VP . )S  STOP
(S (PP In (NP New York City )NP )PP , (NP (NP the new Chancellor )NP , (NP Joseph *UNKC )NP , )NP (VP has (VP landed (PP like (NP a *UNK- *UNK )NP )PP (PP in (NP (NP the middle )NP (PP of (NP (NP a system )NP (SBAR (WHNP that )WHNP (S (VP has (VP been (ADJP *UNK (PP to (NP serious reform )NP )PP )ADJP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Both men )NP (VP fit (NP (NP (NP the mood )NP (PP of (NP the times )NP )PP )NP )NP -- (S (NP the mood )NP (VP being (NP (NP one )NP (PP of (NP (NP a public )NP (VP fed (PRT up )PRT (PP with (NP (NP (NP officials ' )NP *UNK )NP (PP for (SBAR (WHADVP why )WHADVP (S (NP their schools )NP (VP do n't (VP work )VP )VP )S )SBAR )PP )NP )PP )VP )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP Former (NAC Patterson , N.J. , )NAC principal Joe Clark )NP (VP was (NP no doubt )NP (NP (NP (NP the general public 's )NP first experience )NP (PP with (NP (NP this new *UNKED )NP (PP of (NP *UNK- administrator )NP )PP )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP The subject )NP (PP of (NP (NP the movie )NP `` (S (VP *UNKC (PP on (NP *UNK )NP )PP )VP )S )NP )PP )NP )S , '' (NP Mr. Clark )NP (VP controlled (NP his school )NP (PP with (NP (NP a *UNK )NP and (NP a baseball *UNK )NP )NP )PP )VP . )S  STOP
(S (S (NP He )NP (VP may (VP have (VP gone (ADVP *UNK )ADVP (PP in (NP (NP his pursuit )NP (PP of (NP good discipline )NP )PP )NP )PP )VP )VP )VP )S , but (SQ is n't (NP (NP it )NP )NP (ADJP interesting )ADJP (SBAR that (S (NP (NP some )NP (PP of (NP (NP the country 's )NP biggest , (ADJP most troubled )ADJP school districts )NP )PP )NP (VP are (VP *UNKING (NP new *UNK )NP (PP from (NP the same *UNKING *UNK )NP )PP )VP )VP )S )SBAR )SQ ? )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP the woman )NP (VP assigned (S (VP to (VP run (NP (NP the Jersey City school system )NP (SBAR (WHNP that )WHNP (S (VP was (VP taken (PRT over )PRT (PP by (NP the state )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP )NP , )NP (VP says (SBAR (S (NP her top priority )NP (VP will (VP be (S (VP to `` (VP cut (PP through (NP (NP the dead hand )NP (PP of (NP bureaucracy )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . '' )S  STOP
(S (S (NP Mr. *UNKC )NP (VP does n't (VP take (NP control )NP (PP in (NP New York )NP )PP (PP until (NP January )NP )PP )VP )VP )S , but (S (ADVP already )ADVP (NP he )NP (VP 's (VP *UNKING (NP the waters )NP )VP )VP )S . )S  STOP
(S (NP He )NP (VP 's (VP attacked (NP (NP the concept )NP (PP of (NP `` (NP building tenure )NP , '' (NP (NP one )NP (PP of (NP the (ADJP most *UNK )ADJP institutions )NP )PP (PP in (NP American public schools )NP )PP )NP )NP )PP )NP )VP )VP . )S  STOP
(S (NP It )NP (VP means (SBAR (S (NP (NP it )NP )NP (VP is (ADJP virtually impossible )ADJP (S (VP to (VP fire or even transfer (NP *UNK *UNK )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (SBAR Once (S (NP they )NP (VP are (PP in (NP the building )NP )PP )VP )S )SBAR , (NP they )NP (VP stay )VP . )S  STOP
(S (NP One South *UNKC principal )NP (VP kept (NP his job )NP (PP for (NP 16 years )NP )PP , (PP despite (NP (NP a serious drinking problem )NP and (S (ADVP rarely )ADVP (VP showing (PRT up )PRT (PP for (NP work )NP )PP )VP )S )NP )PP )VP . )S  STOP
(S (NP He )NP (VP was (ADVP finally )ADVP (VP given (NP leave )NP (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP was (VP arrested (PP for (S (ADVP allegedly )ADVP (VP buying (NP crack )NP )VP )S )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (S (NP (NP the *UNK ' )NP union )NP (VP *UNK (NP building tenure )NP )VP )S , and (S (NP tenure )NP (VP has (VP *UNK (NP previous challenge )NP )VP )VP )S . )S  STOP
(S (NP We )NP (VP suggest (SBAR that (S (NP Mr. *UNKC )NP (VP (VP find (NP an *UNK principal )NP )VP , (VP *UNK (NP him )NP (PP out (PP of (NP the building )NP )PP )PP )VP and (VP let (S (NP (NP the forces )NP (PP of (NP the status *UNK )NP )PP )NP (VP explain (PP to (NP the parents )NP )PP (SBAR (WHNP whatever )WHNP (S (NP it )NP (VP is (SBAR (S (NP they )NP (VP 're (VP *UNKING )VP )VP )S )SBAR )VP )S )SBAR )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP his old job )NP )PP , (PP as (NP *UNKC County chief )NP )PP , (NP Mr. *UNKC )NP (VP (VP forced (ADVP out )ADVP (NP 92 teachers )NP )VP and (VP *UNKED (NP 48 *UNK )NP )VP )VP . )S  STOP
(S (NP He )NP (VP cut (NP the *UNK rate )NP (PP by (NP 5.5 % )NP )PP )VP . )S  STOP
(S (S But (NP the *UNK- *UNK )NP (VP are (VP going (S (VP to (VP have (S (VP to (VP be (ADJP *UNK )ADJP (ADVP as well )ADVP )VP )VP )S )VP )VP )S )VP )VP )S ; (S (S (NP *UNK *UNK and *UNK )NP (VP should (VP go )VP )VP )S , but (S (NP the good ones )NP (VP ought (S (VP to (VP be (VP left (ADVP alone )ADVP )VP )VP )VP )S )VP )S )S . )S  STOP
(S (NP The situation )NP (VP will (VP be (ADJP especially *UNK )ADJP (PP for (NP Mr. *UNKC )NP )PP )VP )VP . )S  STOP
(S (NP He )NP (VP takes (PRT over )PRT (NP (NP a school system )NP (PP in (NP (NP the midst )NP (PP of (NP radical reform )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP have (ADVP just )ADVP (VP elected (NP (NP *UNKN *UNK school boards )NP , (NP (NP one )NP (PP for (NP each school )NP )PP )NP )NP )VP )VP . )S  STOP
(S (NP This )NP (PP of (NP course )NP )PP (VP led (PP to (NP disaster )NP )PP (PP in (NP New York City )NP )PP )VP . )S  STOP
(S (S (S (VP *UNKING (S (NP (NP a community )NP (PP of (NP parents )NP )PP )NP (VP to (VP care (ADVP again )ADVP (PP about (NP its schools )NP )PP )VP )VP )S )VP )S (VP is (ADJP essential )ADJP )VP )S , but (S (PP in (NP Chicago )NP )PP (S (NP the new boards )NP (VP will (VP make (NP mistakes )NP )VP )VP )S and (S (NP Mr. *UNKC )NP (VP will (VP have (S (VP to (VP identify (NP them )NP )VP )VP )S )VP )VP )S )S . )S  STOP
(S (NP (NP The rise )NP (PP of (NP (NP *UNK )NP (PP such as (NP (NP Joseph *UNKC )NP and (NP Ted *UNKC )NP )NP )PP )NP )PP )NP (VP suggests (ADVP *UNKLY )ADVP (NP (NP the process )NP (PP of (NP *UNK )NP )PP (PP in (NP many school systems )NP )PP )NP )VP . )S  STOP
(S (NP (NP (NP The schools ' )NP central mission )NP , (S (VP *UNKING (NP children )NP )VP )S , )NP (VP became (VP *UNKED (PP by (NP (NP the competing interests )NP (PP of (NP bureaucrats , politicians and unions )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP The *UNK )NP (NP itself )NP )NP (VP operated (PP on (NP (NP the *UNK )NP (PP of (NP this *UNK system )NP )PP )NP )PP )VP )S , (S (NP discipline )NP (VP collapsed )VP )S , and (S (NP kids )NP (VP stopped (S (VP learning )VP )S )VP )S . )S  STOP
(S (S (NP Mr. *UNKC )NP (VP was (NP a nice fellow )NP )VP )S , and (S (ADVP maybe )ADVP (NP some day )NP (NP he )NP (VP 'll (VP return )VP )VP )S . )S  STOP
(S (PP Until (NP then )NP )PP , (NP (NP it )NP )NP (VP 's (ADJP clear )ADJP (SBAR that (S (NP (NP some )NP (PP of (NP (NP the people )NP (SBAR (WHNP who )WHNP (S (VP 've (VP been (VP keeping (NP *UNK- schools )NP (ADVP down )ADVP )VP )VP )VP )S )SBAR )NP )PP )NP (VP are (VP going (S (VP to (VP be (VP dealing (PP with (NP the *UNKC )NP )PP )VP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Ingersoll Publications Co. )NP (VP agreed (S (VP to (VP buy (NP the New Haven *UNKC )NP (PP in (NP (NP a transaction )NP (VP valued (PP at (NP (QP $ *UNKN million )QP )NP )PP )VP )NP )PP (PP from (NP Goodson *UNKC Group Inc )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP As (NP (NP part )NP (PP of (NP the agreement )NP )PP )NP )PP , (NP Goodson )NP (ADVP also )ADVP (VP terminated (NP (NP the contract )NP (SBAR (WHPP under (WHNP which )WHNP )WHPP (S (NP Ingersoll )NP (VP manages (NP (NP Goodson 's )NP 66 newspapers )NP )VP )S )SBAR )NP , (S (VP ending (NP (NP a long association )NP (PP between (NP the two companies )NP )PP (SBAR (WHNP that )WHNP (S (VP has (VP turned (ADJP increasingly bitter )ADJP (ADVP recently )ADVP )VP )VP )S )SBAR )NP )VP )S )VP . )S  STOP
(S (NP Goodson )NP (VP has (VP accused (NP Ingersoll )NP (PP of (S (VP (VP paying (NP less attention )NP (PP to (NP its properties )NP )PP )VP and (VP (NP more )NP (PP to (NP (NP such ventures )NP (PP as (NP (NP the recent launch )NP (PP of (NP the St. Louis Sun )NP )PP )NP )PP )NP )PP )VP )VP )S )PP )VP )VP . )S  STOP
(S (PP Under (NP (NP the terms )NP (PP of (NP the accord )NP )PP )NP )PP , (NP Ingersoll )NP (VP will (VP pay (NP (QP about $ *UNKN million )QP )NP (PP for (NP (NP the *UNKC )NP , (NP (NP a daily )NP (SBAR (WHNP that )WHNP (S (NP Goodson )NP (VP bought (PP for (NP (QP about $ 170 million )QP )NP )PP (PP in (NP 1986 )NP )PP )VP )S )SBAR )NP )NP )PP )VP )VP . )S  STOP
(S (NP Goodson )NP (VP will (VP pay (NP the additional (QP $ 20 million )QP )NP (PP in (NP (NP settlement )NP (PP of (NP the management contract )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Goodson )NP (ADVP also )ADVP (VP announced (SBAR that (S (NP it )NP (VP hired (NP (NP (NP the former (NX (NX president )NX and (NX senior vice president )NX )NX )NP (PP of (NP Ingersoll )NP )PP )NP (SBAR (S (VP to (VP run (NP the Goodson papers )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Both executives )NP (VP left (NP the company )NP (PP after (NP (NP *UNK )NP (PP with (NP Chairman Ralph Ingersoll *UNK )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Goodson )NP , (SBAR (WHNP which )WHNP (S (VP is (VP based (ADVP here )ADVP )VP )VP )S )SBAR , )NP (VP will (VP use (NP (NP part )NP (PP of (NP the proceeds )NP )PP )NP (S (VP to (VP pay (PRT down )PRT (NP (NP debt )NP (VP associated (PP with (NP (NP its purchase )NP (PP of (NP the *UNKC Daily *UNKC )NP )PP (PP for (NP (QP $ 155 million )QP )NP )PP (PP in (NP 1987 )NP )PP )NP )PP )VP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The New Jersey paper )NP , (PP like (NP the (NAC New Haven , Conn. , )NAC paper )NP )PP , )NP (VP was (VP purchased (PP by (NP Ingersoll )NP )PP (PP on (NP (NP Goodson 's )NP behalf )NP )PP (PP as (NP (NP part )NP (PP of (NP the management contract )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Industry analysts )NP (VP have (VP said (SBAR that (S (NP (NP the purchase price )NP (PP for (NP the paper )NP )PP )NP (VP was (ADJP too high )ADJP , (S (VP causing (NP (NP a strain )NP (PP on (NP (NP Goodson 's )NP finances )NP )PP )NP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Investment bankers )NP (ADJP familiar (PP with (NP the company )NP )PP )ADJP )NP (VP said (SBAR (S (NP Goodson )NP (VP (VP is (VP seeking (NP (NP a new bank credit line )NP (PP of (NP (QP $ 190 million )QP )NP )PP )NP )VP )VP and (VP may (VP have (S (VP to (VP sell (NP additional newspapers )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP David N. *UNKC )NP , (NP (NP (NP president )NP and (NP chief operating officer )NP )NP (PP of (NP Goodson )NP )PP )NP , )NP (VP said (PP in (NP a telephone interview )NP )PP (SBAR that (S (NP the company )NP (VP does n't (ADVP currently )ADVP (VP have (NP any plans (S (VP to (VP sell (NP additional newspapers )NP )VP )VP )S )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Goodson )NP (VP said (SBAR (S (NP (NP (NP David *UNKC )NP , (NP (NP former president )NP (PP of (NP Ingersoll Publications )NP )PP )NP , )NP and (NP (NP Ray *UNKC )NP , (NP former senior vice president )NP , )NP )NP (VP would (VP head (NP (NP the new in-house management team )NP (PP at (NP (NP Goodson )NP , (SBAR (WHNP which )WHNP (S (VP had (NP (NP revenue )NP (PP of (NP (QP $ 225 million )QP )NP )PP )NP (PP in (NP 1988 )NP )PP )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The association )NP (PP between (NP the two companies )NP )PP )NP (VP *UNK (ADVP back )ADVP (NP *UNK years )NP (PP to (NP (NP a *UNK )NP (PP between (NP (NP television producer Mark Goodson )NP and (NP Ingersoll founder Ralph Ingersoll )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP (NP The latter 's )NP son )NP , (NP Ralph Ingersoll Jr. )NP , )NP (VP (VP took (PRT over )PRT (NP the company )NP )VP and (VP has (VP been (VP (VP managing (NP the Goodson properties )NP )VP and (VP acting (PP as (NP (NP an agent )NP (PP in (NP (NP the purchase )NP (PP of (NP newspapers )NP )PP )NP )PP )NP )PP (PP for (NP Goodson )NP )PP )VP )VP )VP )VP )VP . )S  STOP
(S But (PP in (NP recent years )NP )PP , (NP Mr. Ingersoll )NP (VP began (S (VP focusing (ADVP more )ADVP (PP on (S (VP expanding (NP his own newspaper empire )NP (PP in (NP (NP partnership )NP (PP with (NP investment banking firm *UNKC , *UNKC & Co )NP )PP )NP )PP )VP )S )PP )VP )S )VP . )S  STOP
(S (NP Ingersoll )NP (VP has (NP (NP 28 *UNK )NP and (NP 200 other *UNKLY papers )NP )NP (PP in (NP (NP the U.S. )NP and (NP Europe )NP )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP its revenue )NP (VP will (VP exceed (NP (QP $ 750 million )QP )NP (NP this year )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Ingersoll President Robert M. *UNKC )NP (VP said (PP in (NP a statement )NP )PP (SBAR that (S (NP the company )NP (VP (VP is `` (ADJP *UNKED (PP by (NP (NP the conclusion )NP (PP of (NP the Goodson relationship )NP )PP )NP )PP )ADJP '' )VP and (VP will (VP be (ADJP able (S (VP to (VP `` concentrate (NP all our *UNK )NP '' (PP on (NP (NP Ingersoll 's )NP own papers )NP )PP )VP )VP )S )ADJP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Goodson )NP , (PP in (NP his own statement )NP )PP , (VP was (ADJP less *UNK )ADJP , (S (VP saying `` (S (ADVP unfortunately )ADVP (PP over (NP the past few years )NP )PP , (NP (NP it )NP )NP (VP has (VP become (ADJP increasingly clear )ADJP (SBAR (SBAR that (S (NP (NP Ralph )NP and (NP I )NP )NP (VP have (NP different *UNK )NP )VP )S )SBAR , '' and (SBAR that (S (NP he )NP (VP feels `` (ADJP more comfortable (PP with (NP (NP a management team )NP (SBAR (WHNP whose sole interest and responsibility )WHNP (S (VP is (PP in (NP the Goodson papers )NP )PP )VP )S )SBAR )NP )PP )ADJP )VP )S )SBAR )SBAR )VP )VP )S )VP )S )VP . )S  STOP
(S (SBAR (NP Just five months )NP after (S (NP Ogilvy Group )NP (VP was (VP *UNKED (PRT up )PRT (PP in (NP an *UNKED takeover )NP )PP )VP )VP )S )SBAR , (NP (NP Kenneth Roman )NP , (NP (NP Ogilvy 's )NP (NX (NX chairman )NX and (NX chief executive officer )NX )NX )NP , )NP (VP said (SBAR (S (NP he )NP (VP is (VP leaving (S (VP to (VP take (NP (NP a top post )NP (PP at (NP American Express Co )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Mr. Roman )NP , (ADJP (NP 59 years )NP old )ADJP , )NP (ADVP *UNKLY )ADVP (VP announced (SBAR (S (NP he )NP (VP will (VP leave (NP (NP the *UNK ad agency )NP , (SBAR (WHNP whose largest client )WHNP (S (VP is (NP American Express )NP )VP )S )SBAR , )NP (S (VP to (VP become (NP (NP (NP American Express 's )NP executive vice president )NP (PP for (NP corporate affairs and communications )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP will (VP succeed (NP (NP Harry L. Freeman )NP , (NP 57 )NP , (SBAR (WHNP who )WHNP (S (VP has (VP said (SBAR (S (NP he )NP (VP will (VP retire (PP in (NP December )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP Mr. Freeman )NP (VP said (PP in (NP August )NP )PP (SBAR that (S (NP he )NP (VP would (VP retire (PP by (NP (NP the end )NP (PP of (NP this year )NP )PP )NP )PP (S (VP to (VP take (NP `` (NP executive responsibility )NP '' (PP for (NP an *UNKING effort (S (VP to (VP *UNK (NP banker *UNKC *UNKC )NP )VP )VP )S )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP American Express representatives )NP (ADVP apparently )ADVP (VP influenced (NP (NP the publication )NP (PP of (NP (NP *UNK articles )NP (PP about (NP Mr. *UNKC )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The company )NP (ADVP later )ADVP (VP (VP *UNKED )VP and (VP agreed (S (VP to (VP make (NP (NP (QP $ 8 million )QP )NP (PP in (NP (NP contributions )NP (PP to (NP (NP charities )NP (VP chosen (PP by (NP him )NP )PP )VP )NP )PP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (SBAR Although (S (NP Mr. Freeman )NP (VP is (VP retiring )VP )VP )S )SBAR , (NP he )NP (VP will (VP continue (S (VP to (VP work (PP as (NP a consultant )NP )PP (PP for (NP American Express )NP )PP (PP on (NP a project basis )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP Ad industry executives )NP (VP were n't (ADJP surprised (PP by (NP (NP Mr. Roman 's )NP decision (S (VP to (VP leave (NP Ogilvy )NP )VP )VP )S )NP )PP )ADJP )VP . )S  STOP
(S (NP The agency )NP , (PP under (NP his direction )NP )PP , (ADVP *UNKLY )ADVP (VP fought (NP (NP a takeover attempt )NP (PP by (NP (NP WPP Group PLC )NP (PP of (NP London )NP )PP )NP )PP )NP (PP before (S (VP *UNKING (PP in (NP May )NP )PP )VP )S )PP )VP . )S  STOP
(S And (SBAR although (S (NP (NP Mr. Roman )NP and (NP (NP (NP WPP 's )NP chief executive )NP , (NP Martin *UNKC )NP , )NP )NP (VP have (VP gone (PP out (PP of (NP their way )NP )PP )PP (S (VP to (VP be (ADJP publicly *UNK (PP of (NP each other )NP )PP )ADJP )VP )VP )S )VP )VP )S )SBAR , (NP (NP people )NP (ADJP close (PP to (NP Mr. Roman )NP )PP )ADJP )NP (VP say (SBAR (S (NP he )NP (VP was (ADJP unhappy )ADJP (S (VP giving (PRT up )PRT (NP (NP control )NP (PP of (NP the company )NP )PP )NP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Some executives )NP (ADVP also )ADVP (VP *UNK (NP (NP tension )NP (PP because of (NP (NP efforts )NP (PP by (NP (NP Mr. *UNKC )NP , (NP a financial man )NP , )NP )PP (S (VP to (VP cut (NP costs )NP (PP at (NP the agency )NP )PP )VP )VP )S )NP )PP )NP )VP . )S  STOP
(S (NP Mr. Roman )NP (VP will (VP be (VP succeeded (PP as (NP (NP the head )NP (PP of (NP (NP (NP Ogilvy 's )NP flagship ad agency )NP , (NP Ogilvy & Mather *UNKC )NP , )NP )PP )NP )PP (PP by (NP (NP Graham Phillips )NP , (NP 50 )NP , (SBAR (SBAR (WHNP who )WHNP (S (VP had (VP been (NP (NP president )NP (PP of (NP (ADJP North American )ADJP operations )NP )PP )NP )VP )VP )S )SBAR and (SBAR (WHNP who )WHNP (S , (PP like (NP Mr. *UNKC )NP )PP , (VP is (ADJP British )ADJP )VP )S )SBAR )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP Alexander *UNKC )NP , (NP 56 )NP , )NP (VP will (VP take (PRT on )PRT (NP (NP the (ADJP newly created )ADJP position )NP (PP of (NP (NP (NP president )NP (PP of (NP the world-wide agency )NP )PP )NP and (NP (NP chief executive )NP (PP of (NP its international operations )NP )PP )NP )NP )PP )NP )VP )VP . )S  STOP
(S (NP He )NP (VP had (VP been (NP (NP president )NP (PP of (NP the international operations )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP Mr. Roman )NP (ADVP also )ADVP (VP had (VP *UNK (NP (NP (NP Ogilvy Group 's )NP two other units )NP , (NP (NP the *UNKC *UNKC *UNKC advertising agency )NP and (NP its research division )NP )NP , )NP )VP )VP )S but (S (NP those units )NP (VP will (ADVP now )ADVP (VP report (ADVP directly )ADVP (PP to (NP WPP )NP )PP )VP )VP )S . )S  STOP
(S (NP Mr. Roman )NP (VP appears (ADJP *UNK- (PP for (NP the American Express job )NP )PP )ADJP )VP . )S  STOP
(S (S (VP *UNKC (PP as (NP a traditional executive )NP )PP )VP )S , (NP he )NP (VP is (ADVP very much )ADVP (PP in (NP the conservative American Express *UNK )NP )PP )VP . )S  STOP
(S (ADVP Moreover )ADVP , (PP after (NP (NP 26 years )NP (PP at (NP Ogilvy )NP )PP )NP )PP (NP he )NP (VP had (VP *UNKED (NP (NP a reputation )NP (PP for (S (VP being (UCP (ADJP *UNK- )ADJP and (NP a straight *UNK )NP )UCP )VP )S )PP -- (SBAR (WHNP which )WHNP (S (VP can (ADVP only )ADVP (VP help (NP American Express )NP (PP in (NP (NP the wake )NP (PP of (NP the *UNKC incident )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP He )NP (ADVP also )ADVP (VP is (ADJP close (PP to (NP (NP (NP American Express 's )NP (NX (NX chairman )NX and (NX chief executive officer )NX )NX )NP , (NP James D. Robinson III )NP )NP )PP )ADJP )VP . )S  STOP
(S (ADVP Aside (PP from (S (VP working (PP with (NP Mr. Robinson )NP )PP (PP on (NP the American Express advertising account )NP )PP (PP for (NP (QP about 11 )QP years )NP )PP )VP )S )PP )ADVP , (NP Mr. Roman )NP (VP serves (PP on (NP (NP several )NP (PP of (NP (NP the same charities and boards )NP (PP as (NP Mr. Robinson )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP The *UNK management change )NP (VP sparked (NP widespread speculation (SBAR that (S (NP Mr. Roman )NP (VP had (VP been (VP pushed (PP out (PP of (NP (NP Ogilvy 's )NP top spot )NP )PP )PP (PP by (NP Mr. *UNKC )NP )PP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S But (NP Mr. Roman )NP (ADVP *UNKLY )ADVP (VP denied (NP the speculation )NP , (S (VP saying (SBAR (S (NP Mr. *UNKC )NP (VP had (VP tried (NP several times )NP (S (VP to (VP persuade (NP him )NP (S (VP to (VP stay )VP )VP )S )VP )VP )S , (S (VP (VP offering (NP various incentives )NP )VP and (VP (PP in (NP one instance )NP )PP sending (NP a note )NP (PP with (NP (NP a case )NP (PP of (NP (NP *UNK )NP (PRN -LRB- (S (NP The *UNK )NP , (ADVP naturally )ADVP , (VP was (NP (NP (NP Seagram 's )NP brand )NP , (NP an Ogilvy client )NP )NP )VP )S -RRB- )PRN )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S `` (NP He )NP (VP asked (NP me )NP (S not (VP to (VP resign )VP )VP )S )VP . )S  STOP
(S (S (NP The *UNK (SBAR that (S (NP I )NP (VP was (VP pushed (ADVP aside )ADVP )VP )VP )S )SBAR )NP (VP would n't (VP be (ADJP *UNK )ADJP )VP )VP )S , '' (NP Mr. Roman )NP (VP said )VP . )S  STOP
(S (NP Mr. Sorrell )NP , (S (VP *UNKING (PP in (NP the Far East )NP )PP )VP )S , (VP could n't (VP be (VP reached )VP )VP )VP . )S  STOP
(S (NP Mr. Roman )NP (VP said (SBAR (S (NP (NP American Express 's )NP Mr. Robinson )NP (ADVP first )ADVP (VP approached (NP him )NP (PP about (NP the job )NP )PP (PP in (NP late September )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP According (PP to (NP industry executives )NP )PP )PP , (NP (NP Peter *UNKC )NP , (NP (NP a former European Community commissioner )NP (PP from (NP Ireland )NP )PP )NP , )NP (VP was (ADVP also )ADVP (NP (NP a serious *UNK )NP (PP for (NP the American Express job )NP )PP )NP )VP . )S  STOP
(S (SBAR Although (S (NP it )NP (ADVP ultimately )ADVP (VP was n't (VP offered (PP to (NP him )NP )PP )VP )VP )S )SBAR , (NP he )NP (VP will (VP be (PP on (NP (NP *UNK )NP (PP to (NP American Express )NP )PP )NP )PP (PP as (NP (NP an adviser )NP (PP on (NP international matters )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP After (S (VP talking (ADVP on and off )ADVP (PP for (NP the past four weeks )NP )PP )VP )S )PP , (PRN (S (NP Mr. Roman )NP (VP said )VP )S , )PRN (NP he )NP (VP agreed (S (VP to (VP take (NP the job )NP )VP )VP )S (SBAR because `` (S (S (NP it )NP (VP 's (NP the right time )NP )VP )S , (S (NP it )NP (VP 's (NP a *UNK opportunity )NP )VP )S , and (S (NP I )NP (VP think (SBAR (S (NP I )NP (VP leave (NP the company )NP (PP in (NP (ADJP very strong )ADJP hands )NP )PP )VP )S )SBAR )VP )S )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP was (NP (NP my decision )NP , not (NP anyone else 's )NP )NP )VP . '' )S  STOP
(S (NP Mr. Roman )NP (ADVP also )ADVP (VP *UNKED (PRT aside )PRT (NP (NP reports )NP (PP about (NP (NP *UNKING )NP (PP between (NP (NP him )NP and (NP (NP Mr. Phillips )NP , (NP (NP his successor )NP (PP at (NP Ogilvy )NP )PP )NP )NP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The two executives )NP (VP could (ADVP hardly )ADVP (VP be (ADJP more different )ADJP )VP )VP . )S  STOP
(S (S (NP Mr. Roman )NP (VP comes (PRT across )PRT (PP as (NP a *UNK- executive )NP )PP )VP )S ; (S (NP Mr. Phillips )NP (VP has (NP a *UNK *UNK )NP )VP )S . )S  STOP
(S (S (PP During (NP time off )NP )PP , (NP Mr. Roman )NP (VP tends (PP to (NP his garden )NP )PP )VP )S ; (S (NP Mr. Phillips )NP (VP *UNK (PP to (NP (NP a *UNK )NP (PP for (PRN , (PP among (NP other things )NP )PP , )PRN (NP (NP fast cars )NP and (NP planes )NP )NP )PP )NP )PP )VP )S . )S  STOP
(S (NP Industry executives )NP (VP say (SBAR that (S (SBAR although (S (NP the two executives )NP (VP used (S (VP to (VP *UNK (ADVP more frequently )ADVP )VP )VP )S )VP )S )SBAR , (NP the WPP takeover )NP (VP brought (NP them )NP (ADVP closer together )ADVP )VP )S )SBAR )VP . )S  STOP
(S `` (NP I )NP (VP 'm (NP (NP the guy )NP (SBAR (WHNP who )WHNP (S (VP (VP made (S (NP him )NP (NP (NP (NP head )NP (PP of (NP New York )NP )PP )NP , (NP (NP head )NP (PP of (NP the U.S. )NP )PP )NP , (NP (NP president )NP (PP of (NP North America )NP )PP )NP , )NP )S )VP and (VP recommended (NP him )NP -LCB- (PP to (NP Mr. Sorrell )NP )PP -RCB- (PP as (NP my successor )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (SQ *UNKC (NP I )NP (VP have (VP done (NP all those things )NP (ADVP *UNKLY )ADVP (SBAR if (S (NP I )NP (VP did n't (VP think (SBAR (S (NP he )NP (VP was (NP the right guy )NP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP )SQ ? '' (NP Mr. Roman )NP (VP asked )VP . )S  STOP
(S (NP He )NP (VP (VP labeled (S (NP (NP reports )NP (PP of (NP *UNK )NP )PP )NP `` (ADJP ridiculous )ADJP )S )VP , '' and (VP said (SBAR that (S (NP he )NP (VP spent (NP (NP part )NP (PP of (NP the weekend )NP )PP )NP (PP on (NP (NP (NP Mr. Phillips 's )NP boat )NP (PP in (NP Connecticut )NP )PP )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP Mr. Roman )NP (VP will (VP *UNK (NP (NP American Express 's )NP public relations and government affairs )NP , (PP among (NP other things )NP )PP )VP )VP )S , but (S (NP he )NP (VP wo n't (VP be (VP involved (PP in (NP (NP its advertising )NP , (SBAR (WHNP which )WHNP (S (VP is (VP handled (PP by (NP the operating units )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )VP )S . )S  STOP
(S `` (S (NP I )NP (VP consider (NP this )NP (NP a second career )NP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP He )NP (ADVP also )ADVP (VP will (VP sit (PP on (NP (NP (NP the company 's )NP corporate planning and policy committee )NP , (VP made (PRT up )PRT (PP of (NP the top corporate and operating executives )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Mr. Roman 's )NP departure )NP (VP is n't (VP expected (S (VP to (VP have (NP any enormous *UNK )NP (PP at (NP Ogilvy )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP American Express )NP , (NP Kraft General Foods )NP , and (NP *UNKC executives )NP )NP (VP said (SBAR (S (NP the move )NP (VP wo n't (VP affect (NP (NP their relationships )NP (PP with (NP the ad agency )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP (NP (NP General Foods 's )NP relationships )NP (PP with (NP its agencies )NP )PP )NP (VP (VP are (VP based (PP on (NP (NP the agencies ' )NP work )NP )PP )VP )VP , and (VP will (VP continue (S (VP to (VP be )VP )VP )S )VP )VP )VP )S , '' (VP said )VP (NP (NP David *UNKC )NP , (NP (NP a vice president )NP (PP of (NP Kraft General Foods )NP )PP )NP )NP . )SINV  STOP
(S But (NP some clients and analysts )NP (VP expressed (NP concern (SBAR that (S (NP Mr. Phillips )NP (VP is n't (ADJP as well-known (PP to (NP many clients )NP )PP )ADJP )VP )S )SBAR )NP )VP . )S  STOP
(SINV `` (S (NP *UNKC )NP (VP was (NP my key contact )NP )VP )S , '' (VP said )VP (NP (NP J. Nicholas Hahn )NP , (NP (NP (NP president )NP and (NP chief executive officer )NP )NP (PP of (NP (NP Cotton Inc. )NP , (SBAR (WHNP which )WHNP (S (VP represents (NP cotton producers )NP )VP )S )SBAR )NP )PP )NP )NP . )SINV  STOP
(S `` (NP I )NP (VP do n't (VP know -LCB- (NP Mr. Phillips )NP -RCB- (ADVP all that well )ADVP )VP )VP . )S  STOP
(S (NP I )NP (VP have n't (VP (VP seen )VP or (VP talked (PP to )PP )VP (NP him )NP (PP in (NP several years )NP )PP )VP )VP . '' )S  STOP
(S And (NP some analysts )NP (VP questioned (SBAR whether (S (NP Mr. Phillips )NP (VP would (VP have (NP (NP the skills )NP (SBAR (S (NP Ogilvy )NP (VP needs (S (VP to (VP turn (NP the agency )NP (PRT around )PRT )VP )VP )S )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (SBAR While (S (NP the agency )NP (VP has (VP done (ADVP well )ADVP (PP in (NP (NP many parts )NP (PP of (NP the world )NP )PP )NP )PP )VP )VP )S )SBAR , (NP its flagship New York office )NP (VP has (VP had (NP a dismal track record )NP (ADVP recently )ADVP )VP )VP )S ; (S (NP it )NP (VP has (VP won (NP few new accounts )NP (SBAR while (S (VP losing (NP (NP big ones )NP , (PP including (NP Maxwell House )NP )PP )NP )VP )S )SBAR )VP )VP )S . )S  STOP
(S `` (NP I )NP (VP think (SBAR (S -LCB- (NP Mr. Phillips )NP -RCB- (VP is (VP going (S (VP to (VP need (NP some help )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(SINV (S (S (NP I )NP (VP think (SBAR (S (NP they )NP (VP need (NP creative leadership )NP )VP )S )SBAR )VP )S , and (S (NP I )NP (VP do n't (VP think (SBAR (S (NP they )NP (VP have (NP it )NP )VP )S )SBAR )VP )VP )S )S , '' (VP said )VP (NP (NP *UNKC Hill )NP , (NP (NP an analyst )NP (PP with (NP *UNKC & Co )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP (NP Ogilvy & Mather 's )NP top creative executive )NP , (NP Norman Berry )NP , )NP (VP left (NP the agency )NP (NP earlier this year )NP )VP . )S  STOP
(SINV `` (S (S (NP *UNKC Berry )NP (VP was (NP a creative *UNK )NP (PP at (NP the company )NP )PP )VP )S , and (S (NP nobody )NP (VP has (VP filled (NP that *UNK )NP )VP )VP )S )S , '' (VP said )VP (NP Ms. Hill )NP . )SINV  STOP
(S But (NP other analysts )NP (VP said (SBAR that (S (S (VP having (S (NP Mr. Phillips )NP (VP succeed (NP Mr. Roman )NP )VP )S )VP )S (VP would (VP make (PP for (NP a smooth transition )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP Graham Phillips )NP (VP (VP has (VP been (ADVP there )ADVP (NP a long time )NP )VP )VP , (VP knows (NP the culture )NP (ADVP well )ADVP )VP , (VP is (ADJP aggressive )ADJP )VP , and (VP (ADVP apparently )ADVP gets (PRT along )PRT (ADVP well )ADVP (PP with '' (NP Mr. Sorrell )NP )PP )VP )VP )S , (VP said )VP (NP (NP Andrew *UNKC )NP , (NP (NP an analyst )NP (PP with (NP Drexel Burnham Lambert )NP )PP )NP )NP . )SINV  STOP
(S `` (NP It )NP (VP 's (ADVP probably )ADVP (NP a reasonable transition )NP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP he )NP (VP 'll (VP be (NP (NP the answer )NP (PP to (NP (NP the problems )NP (SBAR (S (NP they )NP (VP 've (VP had (PP in (NP New York )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP )VP . '' )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP Saatchi *UNKC )NP )PP )NP (ADJP *UNKC )ADJP )S  STOP
(S (NP (NP Computer Sciences Corp. )NP , (NP (NP El *UNKC )NP , (NP Calif. )NP , )NP )NP (VP said (SBAR (S (NP it )NP (VP is (ADJP close (PP to (S (VP making (S (ADJP final )ADJP (NP an agreement (S (VP to (VP buy (NP Cleveland Consulting Associates )NP (PP from (NP Saatchi & Saatchi )NP )PP )VP )VP )S )NP )S )VP )S )PP )ADJP )VP )S )SBAR )VP )S  STOP
(S (NP Computer Sciences )NP (VP would n't (VP disclose (NP (NP the proposed purchase price )NP (PP for (NP (NP Cleveland Consulting )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP companies )NP (PP on (NP *UNK and supply )NP )PP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S But (NP (NP David *UNKC )NP , (NP (NP managing editor )NP (PP of (NP (NP *UNKC News )NP , (NP (NP an industry publication )NP (VP based (PP in (NP (NP *UNKC )NP , (NP *UNKC )NP )NP )PP )VP )NP )NP )PP )NP , )NP (VP said (SBAR (S (NP an industry standard )NP (VP would (VP suggest (NP (NP a purchase price )NP (PP of (NP (QP between one and two times )QP (NP Cleveland Consulting 's )NP (ADJP (QP approximately $ 15 million )QP )ADJP annual revenue )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Both (NP (NP Saatchi & Saatchi )NP , (SBAR (WHNP which )WHNP (S (VP announced (NP its intention (S (VP to (VP sell (PRT off )PRT (NP (NP most )NP (PP of (NP its consulting business )NP )PP )NP (PP in (NP June )NP )PP )VP )VP )S )NP )VP )S )SBAR , )NP and (NP Cleveland Consulting )NP )NP (VP declined (S (VP to (VP comment (PP on (NP the proposed sale )NP )PP )VP )VP )S )VP . )S  STOP
(NP Ad Notes ... . )NP  STOP
(NP NEW *UNKC : )NP  STOP
(S (NP (NP *UNKC Corp. )NP , (NP New York )NP , )NP (VP awarded (NP (NP the ad account )NP (PP for (NP its Home Insurance Co. unit )NP )PP )NP (PP to (NP (NP *UNKC , *UNKLY & *UNKC )NP , (NP New York )NP )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP were n't (VP disclosed )VP )VP ... . )S  STOP
(S (NP Puerto Rico Telephone Co. )NP (VP awarded (NP its (ADJP (QP $ 3 million )QP )ADJP account )NP (PP to (NP (NP West *UNKC & *UNKC )NP , (NP (NP (NP *UNKC Advertising 's )NP office )NP (PP in (NP Puerto Rico )NP )PP )NP )NP )PP )VP . )S  STOP
(NP *UNKC *UNKC : )NP  STOP
(S (NP Coca-Cola Co. )NP (NP yesterday )NP (VP said (SBAR (S (NP singer *UNKC John )NP (VP signed (S (VP to (VP appear (PP in (NP (NP an ad )NP (PP for (NP *UNKC Coke )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP (NP the commercial )NP , (SBAR (WHNP which )WHNP (S (VP will (VP be (NP (NP part )NP (PP of (NP (NP the brand 's )NP 1990 advertising campaign )NP )PP )NP )VP )VP )S )SBAR , )NP )PP )NP (VP were n't (VP disclosed )VP )VP . )S  STOP
(S (NP Mr. John )NP (VP becomes (NP (NP the latest )NP (PP of (NP (NP many music stars )NP , (PP including (NP (NP George Michael )NP and (NP *UNKC Houston )NP )NP )PP , )NP )PP (SBAR (S (VP to (VP appear (PP in (NP (NP ads )NP (PP for (NP the *UNK drink )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Turner Broadcasting System Inc. )NP (VP said (SBAR (S (NP it )NP (VP formed (NP (NP a unit )NP (SBAR (S (VP to (VP make and distribute (NP movies )NP (PP (PP to (NP (NP *UNK )NP (ADVP overseas )ADVP )NP )PP and (PRN , (ADVP eventually )ADVP , )PRN (PP to (NP U.S. *UNK )NP )PP , (ADVP too )ADVP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The operator )NP (PP of (NP *UNK- networks )NP )PP )NP (VP said (SBAR (S (NP the new Turner Pictures unit )NP (VP will (VP produce (NP (NP movies )NP (SBAR (WHNP that )WHNP (S (VP (VP will (VP *UNK (PP on (NP (NP (NP Turner Broadcasting 's )NP Turner Network Television channel )NP , or (NP *UNKC )NP , )NP )PP )VP )VP and then (VP will (VP be (VP released (ADVP *UNKLY )ADVP (PP in (NP movie *UNK )NP )PP )VP )VP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The unit 's )NP first two offerings )NP (VP are (VP slated (S (VP to (VP be (NP (NP `` (NP (NP The *UNKC Life )NP (PP of (NP *UNKC *UNKING )NP )PP )NP , '' (NP (NP a *UNK )NP (PP about (NP (NP the former British spy )NP (SBAR (WHNP who )WHNP (S (VP wrote (NP the James Bond *UNK )NP )VP )S )SBAR )NP )PP )NP )NP , and (NP `` (NP *UNKC Island )NP , '' (VP produced (PP by (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (ADVP also )ADVP (VP stars (PP in (NP the movie )NP )PP )VP )S )SBAR )NP )PP )VP )NP )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP (NP Ted Turner )NP , (NP (NP Turner Broadcasting 's )NP chairman )NP , )NP (VP was (VP named (S (NP (NP chairman )NP (PP of (NP Turner Pictures )NP )PP )NP )S )VP )VP , )S and (S (NP (NP *UNKC *UNKC )NP , (NP (NP president )NP (PP of (NP Turner Entertainment *UNKC )NP )PP )NP , )NP (VP was (VP named (S (NP (NP president )NP (PP of (NP the unit )NP )PP )NP )S )VP )VP )S . )S  STOP
(S (PP In (NP an interview )NP )PP , (NP Mr. *UNKC )NP (VP said (SBAR (S (NP (NP the subsidiary 's )NP primary mission )NP (VP will (VP be (S (VP (VP to (VP make (NP movies )NP (PP for (NP *UNKC )NP )PP )VP )VP and (VP to (VP distribute (NP them )NP (ADVP *UNKLY )ADVP )VP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP he )NP (VP said (SBAR (S (NP Turner Broadcasting )NP (ADVP already )ADVP (VP has (VP found (NP (NP some ideas )NP (SBAR (WHNP that )WHNP (S (VP might (VP work (ADVP well )ADVP (PP as (NP (NP films )NP (PP for (NP (NP *UNK release )NP (PP in (NP the U.S. )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (SBAR (SBAR (WHADVP When )WHADVP (S (NP that )NP (VP occurs )VP )S )SBAR , and (SBAR (WHADVP when )WHADVP (S (NP the time )NP (VP is (ADJP right )ADJP )VP )S )SBAR )SBAR , (NP we )NP (VP 'll (VP release (NP the films )NP (PP in (NP the U.S. )NP )PP )VP )VP )S , '' (NP he )NP (VP said , (S (VP adding (SBAR that (S (NP Turner Pictures )NP (VP may (VP develop (NP such movies )NP (NP next year )NP (PP for (NP (NP domestic release )NP (PP in (NP 1991 )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (S (NP Turner )NP (VP has (VP made (NP several movies , *UNK and *UNK )NP (PP for (NP its networks )NP )PP (PP in (NP recent years )NP )PP )VP )VP )S , but (S (NP the company )NP (VP has (ADVP never )ADVP (VP (VP acted (PP as (NP a *UNKED movie studio )NP )PP )VP and (VP released (NP its own pictures )NP (PP to (NP *UNK )NP )PP )VP )VP )VP )S . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP `` (NP (NP The *UNKC Life )NP (PP of (NP *UNKC *UNKING )NP )PP )NP '' and `` (NP *UNKC Island )NP '' )NP (VP cost (NP (NP (NP (QP more than $ 6 million )QP )NP (NP each )NP )NP )NP (S (VP to (VP make )VP )VP )S , (SBAR (WHNP which )WHNP (S (VP is (NP (NP (QP only about one-third )QP the cost )NP (PP of (NP (NP most movies )NP (VP made (PP for (NP *UNK release )NP )PP )VP )NP )PP )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP The Turner move )NP (VP is (PP in (NP (NP line )NP (PP with (NP (NP a *UNK- trend )NP (PP (PP toward (NP more original programming )NP )PP -- and (PP toward (S (VP finding (NP (NP more ways )NP (SBAR (S (VP to (VP *UNK (NP (NP the high cost )NP (PP of (S (VP producing (NP films )NP )VP )S )PP )NP )VP )VP )S )SBAR )NP )VP )S )PP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP July )NP )PP , (NP Viacom Inc. )NP (VP formed (NP (NP Viacom Pictures )NP (SBAR (S (VP to (VP produce (NP (NP 12 *UNK- movies )NP (NP a year )NP (SBAR (WHNP that )WHNP (S (VP (VP will (VP premiere (PP on (NP Showtime network )NP )PP )VP )VP and (VP be (VP distributed (ADVP later )ADVP (PP in (NP (NP various markets )NP , (PP including (NP foreign *UNK )NP )PP )NP )PP )VP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (NP a sign (SBAR (S (NP the stock slump )NP (VP has n't (VP *UNKED (NP (NP Europe 's )NP takeover *UNK )NP )VP )VP )S )SBAR )NP )PP , (NP Cie . Financiere de Paribas )NP (VP said (SBAR (S (NP it )NP (VP intends (S (VP to (VP bid (PP for (NP (NP (NP one )NP (PP of (NP (NP France 's )NP other large (ADJP financial and industrial )ADJP holding companies )NP )PP )NP , (NP *UNKC de Navigation Mixte )NP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Paribas )NP (VP said (SBAR that (S (SBAR once (S (NP it )NP (VP receives (NP the *UNK- )NP (PP from (NP French stock market authorities )NP )PP )VP )S )SBAR , (NP it )NP (VP will (VP offer (S (VP to (VP boost (NP its Navigation Mixte stake )NP (PP to (NP *UNKN % )NP )PP (PP from (NP the current *UNKN % )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Its *UNK- bid )NP (VP values (NP Navigation Mixte )NP (PP at (NP (NP (QP about *UNKN billion )QP francs )NP (PRN -LRB- (NP (QP $ *UNKN billion )QP )NP -RRB- )PRN )NP )PP , (S (VP making (S (NP this )NP (NP (NP one )NP (PP of (NP (NP France 's )NP *UNK- attempted takeovers )NP )PP )NP )S )VP )S )VP . )S  STOP
(S (NP (NP The cost )NP (PP of (S (VP buying (NP the additional (ADJP 48 % )ADJP stake )NP )VP )S )PP )NP (VP would (VP be (NP (NP (QP *UNKN billion )QP francs )NP (PRN -LRB- (NP (QP $ *UNKN billion )QP )NP -RRB- )PRN )NP )VP )VP . )S  STOP
(S (NP The move )NP (VP would (ADVP greatly )ADVP (VP boost (NP (NP (NP Paribas 's )NP stake )NP (PP in (NP (NP the insurance , transport and food businesses )NP , (SBAR (WHADVP where )WHADVP (S (NP Navigation Mixte )NP (VP is (ADJP strong )ADJP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP would (VP make (S (NP Paribas )NP (NP (NP a major French ally )NP (PP of (NP (NP West Germany 's )NP Allianz AG insurance group )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP Allianz )NP (VP holds (NP (NP a (ADJP 50 % )ADJP stake )NP (PP in (NP (NP (NP Navigation Mixte 's )NP insurance interests )NP , (VP acquired (ADVP (NP three weeks )NP ago )ADVP )VP )NP )PP )NP )VP . )S  STOP
(S (NP Those )NP (VP include (NP (NP *UNKC *UNK *UNKC *UNKC )NP and (NP *UNKC *UNKC )NP )NP )VP . )S  STOP
(S (S (ADVP Long )ADVP (VP considered (NP a potential takeover target )NP )VP )S , (NP Navigation Mixte )NP (VP had (VP hoped (SBAR (S (NP Allianz )NP (VP would (VP help (VP protect (NP it )NP (PP from (NP *UNK )NP )PP )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP That idea )NP (VP may (VP have (VP *UNKED )VP )VP )VP . )S  STOP
(S (S (NP Paribas )NP (VP is (NP (NP Allianz 's )NP main French bank )NP )VP )S , and (S (NP the *UNKED group )NP (VP said (SBAR (S (NP it )NP (VP intends (S (VP to (VP stay (ADJP *UNK )ADJP )VP )VP )S )VP )S )SBAR )VP )S . )S  STOP
(S (NP Navigation Mixte )NP (VP said (SBAR (S (NP it )NP (VP would n't (VP have (NP any comment )NP (SBAR until (S (NP its board )NP (VP *UNK (NP Wednesday )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP Navigation Mixte )NP (VP is (UCP (VP (ADVP *UNKLY )ADVP held )VP and (ADJP hard (SBAR (S (VP to (VP defend )VP )VP )S )SBAR )ADJP )UCP )VP . )S  STOP
(SINV `` (S (NP The defensive options )NP (VP are (ADJP limited )ADJP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a partner )NP (PP in (NP portfolio management concern France Finance *UNKC )NP )PP )NP )NP . )SINV  STOP
(SBARQ `` (WHNP Who )WHNP (SQ would (VP bid (PP against (NP Paribas )NP )PP )VP )SQ ? '' )SBARQ  STOP
(S (SBAR If (S (NP the Paribas bid )NP (VP succeeds )VP )S )SBAR , (NP it )NP (VP will (VP be (NP (NP the second time )NP (PP in (NP two months )NP )PP (SBAR (S (NP a big French investment banking group )NP (VP has (VP *UNKED (PRT up )PRT (NP an insurance group )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP Last month )NP , (NP (NP (NP Paribas 's )NP *UNK )NP , (NP Cie . Financiere de *UNKC )NP , )NP (VP won (NP (NP a battle )NP (PP for (NP (NP *UNKC *UNKC )NP , (NP (NP France 's )NP second-largest private-sector insurer )NP , (SBAR (WHNP which )WHNP (S (NP itself )NP (VP had (ADVP just )ADVP (VP acquired (NP (NP West Germany 's )NP *UNKC *UNKC AG )NP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (S (NP That complex bid )NP (VP was (VP *UNKED (PP as (NP (NP France 's )NP largest takeover ever )NP )PP )VP )VP )S (PRN -LRB- (S (NP this one )NP (VP is (ADJP slightly smaller )ADJP )VP )S -RRB- )PRN . )S  STOP
(S (ADVP Moreover )ADVP , (NP *UNKC )NP (VP had (ADVP just )ADVP (VP finished (S (VP winning (NP (NP an (ADJP even larger )ADJP battle )NP (NP last year )NP (PP for (NP (NP control )NP (PP of (NP Societe Generale de *UNKC )NP )PP )NP )PP )NP )VP )S )VP )VP . )S  STOP
(S (NP (NP Paribas officials )NP , (VP (ADVP once )ADVP considered (NP (NP France 's )NP *UNK bankers )NP )VP , )NP (VP felt (ADJP *UNKED (PP at (NP (NP (NP *UNKC 's )NP success )NP and (NP its rapid growth )NP )NP )PP )ADJP )VP . )S  STOP
(S (SBAR Although (S (NP Paribas )NP (VP denies (NP it )NP )VP )S )SBAR , (NP analysts )NP (VP say (SBAR (S (NP the new bid )NP (PP in (NP part )NP )PP (ADVP simply )ADVP (VP reflects (NP (NP the continuing *UNK )NP (PP between (NP (NP France 's )NP two largest investment banking groups )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP reflects (NP (NP the broader pressure )NP (PP on (NP (NP companies )NP (PP in (NP Europe )NP )PP )NP )PP (S (VP to (VP keep (PRT up )PRT (SBAR as (S (NP the European Community )NP (VP prepares (S (VP to (VP reduce (NP internal trade barriers )NP (PP by (NP 1992 )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP )S )NP )VP . )S  STOP
(S (SBAR Although (S (NP Paribas Chairman *UNKC *UNKC )NP (VP would n't (VP rule (PRT out )PRT (S (ADVP eventually )ADVP (VP selling (NP (NP all )NP (PP of (NP (NP Navigation Mixte 's )NP insurance operations )NP )PP )NP (PP to (NP Allianz )NP )PP )VP )S )VP )VP )S )SBAR , (NP he )NP (VP *UNKED (NP (NP the potential )NP (PP for (NP the two groups )NP )PP (S (ADVP instead )ADVP (VP to (VP cooperate )VP )VP )S )NP )VP . )S  STOP
(S (NP He )NP (ADVP also )ADVP (VP told (NP reporters )NP (SBAR (S (NP the acquisition )NP (VP would (VP give (NP Paribas )NP (NP fresh *UNK )NP , (S (VP bringing (NP it )NP (NP (NP properties )NP (PP in (NP (NP food and transport )NP (SBAR (WHADVP where )WHADVP (S (NP it )NP (VP has (VP been (ADJP weak )ADJP )VP )VP )S )SBAR )NP )PP )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Navigation Mixte )NP (VP has (NP investments )NP (PP in (NP (NP a sugar company )NP , (NP a food and *UNKING concern )NP , (NP a *UNK )NP and (NP bus and trucking firms )NP , (PP among (NP others )NP )PP )NP )PP )VP . )S  STOP
(S And (NP Navigation Mixte )NP (VP has (NP a huge hidden *UNK )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP by (NP Allianz )NP )PP (PP for (NP (NP the insurance interests )NP (SBAR (S (NP it )NP (VP has (ADVP just )ADVP (VP bought )VP )VP )S )SBAR )NP )PP )NP (VP will (VP help (VP *UNK (NP (NP the French concern 's )NP treasury )NP (PP to (NP an estimated (QP 11 billion )QP francs )NP )PP )VP )VP )VP . )S  STOP
(S (NP Paribas )NP (VP said (SBAR (S (NP it )NP (VP will (VP (VP bid (NP (NP *UNKN francs )NP (NP a share )NP )NP (PP for (NP (NP Navigation Mixte shares )NP (SBAR (WHNP that )WHNP (S (VP qualify (PP for (NP a full *UNKLY dividend )NP )PP )VP )S )SBAR )NP )PP )VP , and (VP (NP *UNKN francs )NP (PP for (NP (NP those )NP (VP created (NP July 1 )NP )VP , (SBAR (WHNP which )WHNP (S (VP are (ADJP eligible (PP for (NP partial dividends )NP )PP )ADJP )VP )S )SBAR )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP it )NP (VP said (SBAR (S (NP it )NP (VP would (VP offer (NP (NP three Paribas shares )NP , (NP (NP themselves )NP (ADJP eligible (PP for (NP dividends )NP )PP (PP as of (NP next Jan. 1 )NP )PP )ADJP )NP , )NP (PP for (NP one Navigation Mixte share )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Paribas shares )NP (VP closed (ADVP down (NP 30 francs )NP )ADVP (PP at (NP *UNKN francs )NP )PP )VP )S , and (S (NP Navigation Mixte shares )NP (VP were (VP suspended (PP at (NP *UNKN francs )NP )PP (PP pending (NP (NP the outcome )NP (PP of (NP the bid )NP )PP )NP )PP )VP )VP )S . )S  STOP
(S (NP Paribas )NP (VP said (SBAR (S (NP it )NP (VP would (VP publish (NP (NP details )NP (PP of (NP its bid )NP )PP )NP (SBAR once (S (NP authorities )NP (VP clear (NP it )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP This )NP (VP is (NP (NP one )NP (PP of (NP (NP the first bids )NP (PP under (NP (NP new takeover rules )NP (VP aimed (PP at (S (VP encouraging (NP (NP open bids )NP (PP instead of (NP (NP *UNK *UNK )NP (PP of (NP large stakes )NP )PP )NP )PP )NP )VP )S )PP )VP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Some financial sources )NP (VP said (ADVP privately )ADVP (SBAR that (S (NP Paribas )NP (VP *UNKED (PP in (S (VP failing (S (VP to (VP move (ADVP sooner )ADVP (PP for (NP the (UCP insurance and industrial )UCP group )NP )PP )VP )VP )S )VP )S )PP , (S (VP bidding (SBAR only after (S (NP speculation )NP (VP had (VP pushed (PRT up )PRT (NP the price )NP )VP )VP )S )SBAR )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP responded (SBAR that (S (NP his group )NP (ADVP initially )ADVP (VP intended (S (VP to (VP take (NP only a minority stake )NP , (S (VP striking (NP an alliance )NP (PP with (NP current management )NP )PP )VP )S )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP (ADJP *UNKLY *UNKED )ADJP Navigation Mixte Chairman *UNKC Fournier )NP (VP (VP rejected (NP (NP Paribas 's )NP offer )NP )VP and (VP began (S (VP buying (NP Paribas shares )NP (PP in (NP *UNK )NP )PP )VP )S )VP )VP )S )SBAR , (PRN (S (NP Mr. *UNKC )NP (VP said )VP )S , )PRN (NP he )NP (VP felt (ADJP *UNKED (S (VP to (VP bid (PP for (NP control )NP )PP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP He )NP (VP told (NP reporters )NP (SBAR (S (NP he )NP (VP had (NP information (SBAR that (S (NP Mr. Fournier )NP (VP was (VP preparing (S (VP to (VP buy (NP (NP (QP as much as 20 )QP % )NP (PP of (NP Paribas )NP )PP , (ADVP up (PP from (NP (QP less than 5 )QP % )NP (ADVP currently )ADVP )PP )ADVP )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A bid )NP (PP against (NP Paribas )NP )PP )NP (VP could n't (VP be (VP ruled (PRT out )PRT )VP )VP )VP . )S  STOP
(S (NP (NP (NP France 's )NP second-largest government-owned insurance company )NP , (NP *UNKC *UNKC de France )NP , )NP (VP has (VP been (VP building (NP (NP its own Navigation Mixte stake )NP , (VP (ADVP currently )ADVP thought (S (VP to (VP be (PP between (NP (NP 8 % )NP and (NP 10 % )NP )NP )PP )VP )VP )S )VP )NP )VP )VP )VP . )S  STOP
(S (S (NP Analysts )NP (VP said (SBAR (S (NP they )NP (VP do n't (VP think (SBAR (S (NP it )NP (VP is (VP *UNKING (NP a takeover )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )S , (ADVP however )ADVP , and (S (NP its officials )NP (VP could n't (VP be (VP reached )VP )VP )VP )S . )S  STOP
(S (NP *UNKC oil futures prices )NP (VP fell (ADVP further )ADVP (SBAR as (S (NP analysts and traders )NP (VP said (SBAR (S (NP OPEC oil producers )NP (VP are n't (VP putting (NP the *UNK )NP (PP on (NP output )NP )PP (ADVP ahead (PP of (NP the traditionally weak first quarter )NP )PP )ADVP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP trading )NP (PP on (NP the New York Mercantile Exchange )NP )PP )NP )PP , (NP the U.S. benchmark West Texas Intermediate crude )NP (VP fell (NP (NP 39 cents )NP (NP a barrel )NP )NP (PP to (NP $ *UNKN )NP )PP (PP for (NP December delivery )NP )PP )VP . )S  STOP
(S (NP Petroleum products prices )NP (ADVP also )ADVP (VP declined )VP . )S  STOP
(S (NP Analysts )NP (VP pointed (PP to (NP reports (SBAR that (S (NP (NP the Organization )NP (PP of (NP Petroleum *UNKING *UNKC )NP )PP )NP (VP is (VP producing (NP (NP (ADJP substantially more )ADJP )NP (PP than (NP (NP its official limit )NP (PP of (NP (NP (QP *UNKN million )QP barrels )NP (NP a day )NP )NP )PP )NP )PP )NP , (PP with (S (NP some accounts )NP (VP putting (NP (NP the *UNK- group 's )NP output )NP (ADVP as high (PP as (NP (NP (QP 23 million )QP barrels )NP (NP a day )NP )NP )PP )ADVP )VP )S )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP That level )NP (PP of (NP production )NP )PP )NP (VP did n't (VP take (NP its toll )NP (PP on (NP (NP futures prices )NP (PP for (NP (NP the fourth quarter )NP , (SBAR (WHADVP when )WHADVP (S (NP demand )NP (VP is (ADJP traditionally strong )ADJP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S But (SBAR because (S (NP *UNK- demand )NP (VP is (ADVP normally )ADVP (NP (NP the *UNK )NP (PP of (NP the year )NP )PP )NP )VP )S )SBAR , (PRN (S (NP several market participants )NP (VP say )VP )S , )PRN (NP OPEC production )NP (VP will (VP have (S (VP to (VP decline (S (VP to (VP keep (NP prices )NP (PP from (S (VP *UNKING (ADVP further )ADVP )VP )S )PP )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (NP The group )NP (VP plans (S (VP to (VP meet (PP in (NP a month )NP )PP (S (VP to (VP discuss (NP (NP production strategy )NP (PP for (NP early 1990 )NP )PP )NP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (SBAR With (S (NP prices )NP (ADVP already )ADVP (VP headed (ADVP lower )ADVP )VP )S )SBAR , (NP (NP news )NP (PP of (NP (NP a series )NP (PP of (NP explosions )NP )PP (PP at (NP (NP a major Phillips Petroleum Co. chemical facility )NP (PP on (NP the Houston *UNKC Channel )NP )PP )NP )PP )NP )PP )NP (ADVP also )ADVP (VP was (ADJP bearish )ADJP (PP for (NP prices )NP )PP )VP . )S  STOP
(S (SBAR Even though (S (NP such facilities )NP (VP use (NP (NP a (ADJP relatively small )ADJP amount )NP (PP of (NP crude )NP )PP )NP )VP )S )SBAR , (PRN (S (NP analysts )NP (VP say )VP )S , )PRN (ADVP now )ADVP (NP the facility )NP (VP wo n't (VP need (NP any )NP , (PP at (NP (NP a time )NP (PP of (NP already high availability )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The Phillips plant )NP (VP makes (NP (NP *UNK )NP , (NP *UNK )NP and (NP other plastic products )NP )NP )VP . )S  STOP
(S (NP A company official )NP (VP said (SBAR (S (NP the explosions )NP (VP began (SBAR (WHADVP when )WHADVP (S (NP a *UNK )NP (VP *UNK (PRT out )PRT )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP of (NP workers )NP )PP )NP (VP were (VP injured )VP )VP )S , (NP authorities )NP (VP said )VP . )S  STOP
(S (NP There )NP (VP was (NP (NP no immediate estimate )NP (PP of (NP damage )NP )PP )NP (PP from (NP the company )NP )PP )VP . )S  STOP
(S (NP Some petroleum futures traders )NP (VP say (SBAR (S (NP technical considerations )NP (ADVP now )ADVP (VP will (VP help (S (VP to (VP put (NP downward pressure )NP (PP on (NP futures prices )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP instance )NP )PP , (NP one trader )NP (VP said (SBAR that (S (NP prices )NP (ADVP inevitably )ADVP (VP will (VP go (ADVP lower )ADVP (ADVP now (SBAR that (S (NP they )NP (VP 've (VP fallen (PP below (NP (NP $ 20 )NP (NP a barrel )NP )NP )PP )VP )VP )S )SBAR )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP Our *UNK )NP (VP is (ADJP (NP a little )NP bearish )ADJP (ADVP now (SBAR that (S (NP we )NP (VP 've (VP taken (PRT out )PRT (NP $ 20 )NP )VP )VP )S )SBAR )ADVP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(FRAG (PP In (NP other commodity markets )NP )PP (NP yesterday )NP : )FRAG  STOP
(NP *UNKC : )NP  STOP
(S (NP (NP The selling )NP (SBAR (WHNP that )WHNP (S (VP started (PP on (NP Friday )NP )PP )VP )S )SBAR )NP (VP continued (NP yesterday )NP )VP . )S  STOP
(S (NP The December contract )NP (VP fell (NP (NP *UNKN cents )NP (NP a pound )NP )NP (PP to (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (S (NP London *UNKC Exchange *UNK stocks )NP (VP were (ADVP down (NP (QP only *UNKN )QP metric tons )NP (PP for (NP the week )NP )PP (PP to (NP *UNKN tons )NP )PP )ADVP )VP )S ; (S (NP expectations )NP (NP late last week )NP (VP were (NP (NP a drop )NP (PP of (NP (QP 10,000 to 15,000 )QP tons )NP )PP )NP )VP )S . )S  STOP
(S (S (NP The New York market )NP (VP made (NP (NP its high )NP (PP for (NP the day )NP )PP )NP (PP on (NP the opening )NP )PP )VP )S and (S (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP dropped (PP below (NP the (ADJP $ *UNK- )ADJP level )NP )PP )VP )S )SBAR , (NP selling )NP (VP picked (PRT up )PRT (SBAR as (S (S (NP previous buyers )NP (VP *UNKED (PRT out )PRT (PP of (NP their positions )NP )PP )VP )S and (S (NP aggressive short sellers )NP -- (S (VP *UNKING (NP further declines )NP )VP )S -- (VP moved (ADVP in )ADVP )VP )S )S )SBAR )VP )S . )S  STOP
(S (NP Fund selling )NP (ADVP also )ADVP (VP picked (PRT up )PRT (PP at (NP that point )NP )PP )VP . )S  STOP
(S (PP According (PP to (NP (NP Bernard *UNKC )NP , (NP (NP senior commodity analyst )NP (PP at (NP PaineWebber )NP )PP )NP , )NP )PP )PP (NP (NP the only stability )NP (PP to (NP the market )NP )PP )NP (VP came (SBAR (WHADVP when )WHADVP (S (NP short sellers )NP (ADVP *UNKLY )ADVP (VP moved (ADVP in )ADVP (S (VP to (VP cover (NP their positions )NP (PP by (S (VP buying (NP contracts )NP )VP )S )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP This activity )NP (VP produced (NP (NP small rallies )NP , (SBAR (WHNP which )WHNP (S (PP in (NP turn )NP )PP (VP attracted (NP new short selling )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP noted (SBAR that (S (NP copper )NP (VP had (NP a steep fall )NP (PP in (NP (NP *UNK )NP (PP of (NP (NP a weak dollar )NP , (SBAR (WHNP which )WHNP (S (VP would (ADVP normally )ADVP (VP support (NP the U.S. copper market )NP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Such support )NP (ADVP usually )ADVP (VP comes (PP from (NP (NP arbitragers )NP (SBAR (WHNP who )WHNP (S (VP use (NP a strong British pound )NP (S (VP to (VP buy (NP copper )NP (PP in (NP New York )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )VP . )S  STOP
(S `` (S (NP The sell-off )NP (VP would (ADVP probably )ADVP (VP have (VP been (ADJP worse )ADJP (SBAR if (S (NP the dollar )NP (VP had (VP been (ADJP strong )ADJP )VP )VP )S )SBAR )VP )VP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP *UNKC )NP (VP has (VP been (VP stuck (PP in (NP (NP a trading range )NP (PP of (NP (QP $ *UNKN to $ *UNKN )QP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP Mr. Savaiko )NP (VP believes (SBAR that (S (SBAR if (S (NP copper )NP (VP falls (PP below (NP (NP the bottom )NP (PP of (NP this range )NP )PP )NP )PP )VP )S )SBAR (NP the next significant support level )NP (VP will (VP be (NP (QP about $ 1.04 )QP )NP )VP )VP )S )SBAR )VP . )S  STOP
(NP *UNKC *UNKC : )NP  STOP
(S (NP *UNKC and *UNK )NP (VP *UNKED (S (VP to (VP maintain (NP their prices )NP )VP )VP )S (NP all day )NP (PP despite (NP (NP news stories )NP (PP over (NP the weekend )NP )PP (SBAR that (S (NP (NP recent cold fusion experiments )NP , (SBAR (WHNP which )WHNP (S (VP use (NP both metals )NP )VP )S )SBAR , )NP (VP showed (NP (NP signs )NP (PP of (S (VP producing (NP extra heat )NP )VP )S )PP )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP January platinum )NP (VP closed (ADVP down (NP (NP $ *UNKN )NP (NP an ounce )NP )NP )ADVP (PP at (NP (NP $ *UNKN )NP , (PP (NP (QP nearly $ 4 )QP )NP above (NP (NP its low )NP (PP for (NP the day )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP December *UNK )NP (VP was (ADVP off (NP (NP $ *UNKN )NP (NP an ounce )NP )NP )ADVP (PP at (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP is (VP believed (S (VP to (VP have (NP good support )NP (NP (QP around $ *UNKN )QP )NP )VP )VP )S )VP )VP )S and (S (NP *UNK )NP (PP at (NP (QP around $ 130 )QP )NP )PP )S . )S  STOP
(S (NP Some traders )NP (VP were (VP thought (S (VP to (VP be (VP waiting (PP for (NP (NP the auto sales report )NP , (SBAR (WHNP which )WHNP (S (VP will (VP be (VP released (NP today )NP )VP )VP )VP )S )SBAR )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP Such sales )NP (VP are (VP watched (ADVP closely )ADVP (PP by (NP platinum and palladium traders )NP )PP (SBAR because (S (NP both metals )NP (VP are (VP used (PP in (NP automobile *UNK *UNK )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Mr. Savaiko )NP (VP *UNKED (SBAR that (S (NP (NP the news )NP (PP on (NP cold fusion )NP )PP )NP (VP did n't (VP affect (NP the market )NP (NP yesterday )NP (SBAR because (S (NP many traders )NP (VP have (ADVP already )ADVP (VP been (ADVP badly )ADVP (VP *UNK (PP by (NP such stories )NP )PP )VP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP the traders )NP (VP are (VP demanding (NP (NP a higher level )NP (PP of (NP proof )NP )PP )NP (SBAR before (S (NP they )NP (VP will (VP buy (NP palladium )NP (ADVP again )ADVP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(SINV (ADVP Also )ADVP (VP *UNKING (PP on (NP (NP both metals ' )NP prices )NP )PP )VP (VP is )VP (NP (NP the role )NP (PP of (NP (NP the chief supplier )NP , (NP the Soviet Union )NP )NP )PP )NP . )SINV  STOP
(S (NP Many analysts )NP (VP believe (SBAR that (S (NP (NP (NP the Soviets ' )NP *UNK )NP (PP for (NP (NP dollars )NP )NP )PP (NP this year )NP (SBAR (S (VP to (VP buy (NP (NP grain )NP and (NP other Western commodities and goods )NP )NP )VP )VP )S )SBAR )NP (VP will (VP bring (NP them )NP (PP to (NP the market )NP )PP (SBAR (WHADVP whenever )WHADVP (S (NP prices )NP (VP rally (ADVP very much )ADVP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(NP *UNKC AND *UNKC : )NP  STOP
(S (NP Prices )NP (VP closed (ADJP mixed )ADJP (SBAR as (S (NP contracts )NP (VP reacted (PP to (NP (ADJP largely offsetting )ADJP (ADJP bullish and bearish )ADJP news )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP On (NP (NP the Chicago Board )NP (PP of (NP Trade )NP )PP )NP )PP , (NP (NP *UNK )NP (PP for (NP November delivery )NP )PP )NP (VP closed (PP at (NP (NP $ *UNKN )NP (NP a bushel )NP )NP )PP , (ADVP down (NP half a cent )NP )ADVP , (SBAR while (S (NP the December wheat contract )NP (VP rose (NP (NP *UNK- )NP (PP of (NP a cent )NP )PP )NP (PP to (NP (NP $ *UNKN )NP (NP a bushel )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(SINV (VP *UNKING (NP prices )NP )VP (VP was )VP (NP (NP the announcement )NP (NP late Friday )NP (PP of (NP (NP additional grain sales )NP (PP to (NP the Soviet Union )NP )PP )NP )PP )NP . )SINV  STOP
(SINV But (VP acting (PP as (NP (NP a drag )NP (PP on (NP prices )NP )PP )NP )PP )VP (VP was )VP (NP (NP (NP the improved harvest weather )NP (PP over (NP the weekend )NP )PP )NP and (NP (NP the prospect )NP (PP for (NP (NP continued fair weather )NP (NP this week )NP (PP over (NP (NP much )NP (PP of (NP the Farm *UNKC )NP )PP )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP *UNKC farmer selling )NP (PP over (NP the weekend )NP )PP (ADVP also )ADVP (VP *UNKED (PP on (NP prices )NP )PP )VP . )S  STOP
(NP *UNKC : )NP  STOP
(S (NP World prices )NP (VP tumbled , (PP (ADVP mostly )ADVP from (NP their own weight )NP )PP , (PP according (PP to (NP analysts )NP )PP )PP )VP . )S  STOP
(S (NP The March contract )NP (VP ended (PP at (NP (NP *UNKN cents )NP (NP a pound )NP )NP )PP , (ADVP down (NP *UNKN cent )NP )ADVP )VP . )S  STOP
(S (S (PP For (NP the past week (QP or so )QP )NP )PP , (NP traders )NP (VP have (VP been (VP expecting (S (NP India )NP (VP to (VP buy (NP (NP (QP between 150,000 and 200,000 )QP tons )NP (PP of (NP *UNKED sugar )NP )PP )NP )VP )VP )S )VP )VP )VP )S , and (S (NP there )NP (VP have (VP been (NP (NP expectations )NP (PP of (NP (NP a major purchase )NP (PP by (NP Japan )NP )PP )NP )PP )NP )VP )VP )S . )S  STOP
(S But (PP with (NP (NP no reports )NP (PP of (S (NP either country )NP (ADVP actually )ADVP (VP entering (NP the market )NP )VP )S )PP )NP )PP , (PRN (S (NP analysts )NP (VP said )VP )S , )PRN (NP futures prices )NP (VP became (ADJP vulnerable )ADJP )VP . )S  STOP
(S (NP (NP *UNKING countries )NP (PP such as (NP India )NP )PP )NP , (PRN (S (NP some analysts )NP (VP said )VP )S , )PRN (VP seem (S (VP to (VP have (VP made (S (NP (NP it )NP )NP (NP a point )NP (S (VP to (VP (VP stay (ADVP away )ADVP (SBAR (WHADVP whenever )WHADVP (S (NP sugar )NP (VP reached (NP (NP (NP the top )NP (PP of (NP its trading range )NP )PP )NP , (NP (QP around *UNKN )QP cents )NP , )NP )VP )S )SBAR )VP and (VP wait (SBAR for (S (NP prices )NP (VP to (VP return (PP to (NP (NP (NP the bottom )NP (PP of (NP the range )NP )PP )NP , (NP (QP around 13.50 )QP cents )NP )NP )PP )VP )VP )S )SBAR )VP )VP )VP )S )S )VP )VP )VP )S )VP . )S  STOP
(S (S But (NP (NP *UNKC *UNKC )NP , (NP (NP a sugar analyst )NP (PP with (NP *UNKC *UNKC International Ltd. )NP )PP )NP , )NP (VP said (SBAR (S (NP (NP the explanation )NP (PP for (NP (NP the latest drop )NP (PP in (NP sugar prices )NP )PP )NP )PP )NP (VP is (ADJP much *UNK )ADJP )VP )S )SBAR )VP )S : (S (NP *UNKC )NP (PRN , (S (NP he )NP (VP said )VP )S , )PRN `` (VP (VP got (ADJP too long )ADJP (ADVP too soon )ADVP )VP and (VP ran (PP into (NP resistance )NP )PP (PP around (NP the old contract highs )NP )PP )VP )VP )S . '' )S  STOP
(S (NP A PaineWebber analyst )NP (VP said (SBAR that (S (PP in (NP (NP light )NP (PP of (NP (NP (NP a new estimate )NP (PP of (NP (NP a production increase )NP (PP of (NP (QP four million )QP metric tons )NP )PP )NP )PP )NP and (NP (NP only a modest increase )NP (PP in (NP consumption )NP )PP )NP )NP )PP )NP )PP , (NP sugar )NP (VP is n't (ADJP likely (S (VP to (VP rise (PP above (NP (NP the top )NP (PP of (NP its trading range )NP )PP )NP )PP (PP without (NP (NP a crop problem )NP (PP in (NP a major producing country )NP )PP )NP )PP )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(NP *UNKC : )NP  STOP
(S (NP Futures )NP (VP rallied (ADVP modestly )ADVP )VP . )S  STOP
(S (NP The December contract )NP (VP rose (NP (NP $ 33 )NP (NP a metric ton )NP )NP (PP to (NP $ *UNKN )NP )PP , (PP near (NP (NP its high )NP (PP for (NP the day )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC & *UNKC Ltd. )NP , (NP a British *UNKING house )NP , )NP (VP estimated (SBAR that (S (NP the *UNKN world cocoa surplus )NP (VP would (VP be (NP *UNKN tons )NP , (ADVP down (PP from (NP *UNKN tons )NP (PP for (NP the previous year )NP )PP )PP )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Market technicians )NP (VP were (VP encouraged (PP by (NP (NP the price patterns )NP , (SBAR (WHNP which )WHNP (S (PP in (NP the past )NP )PP (VP have (VP *UNKED (NP sharp rallies )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC prices )NP (PP for (NP cocoa )NP )PP )NP (VP have (VP been (PP near (NP (NP levels )NP (VP (ADVP last )ADVP seen (PP in (NP the mid-1970s )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (PP At (NP such prices )NP )PP , (PP according (PP to (NP Mr. Savaiko )NP )PP )PP , (NP (NP (NP bargain *UNKING )NP and (NP (NP *UNKING )NP -- (NP (NP buying back )NP (PP of (NP (NP contracts )NP (VP (ADVP previously )ADVP sold )VP )NP )PP )NP -- )NP )NP (PP by (NP speculators )NP )PP )NP (VP is n't (ADJP *UNK )ADJP )VP . )S  STOP
(S But (NP Mr. Savaiko )NP (VP expects (S (NP *UNK- producer selling )NP (PP at (PP around (NP the (ADJP (QP $ *UNKN to $ *UNKN )QP )ADJP level )NP )PP )PP )S )VP . )S  STOP
(S (NP He )NP (ADVP also )ADVP (VP noted (SBAR that (S (NP a strong sterling market )NP (NP yesterday )NP (VP might (VP have (VP helped (NP cocoa )NP (PP in (NP New York )NP )PP (SBAR as (S (NP arbitragers )NP (VP took (NP advantage )NP (PP of (NP the currency move )NP )PP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP research analyst )NP (PP at (NP Shearson Lehman Hutton )NP )PP )NP , )NP (VP said (SBAR (S (NP the market )NP (VP pushed (ADVP higher )ADVP (PP (ADVP mainly )ADVP in (NP (NP anticipation )NP (PP of (NP (NP a late harvest )NP (PP in (NP (NP the *UNKC Coast )NP , (NP a major cocoa producer )NP )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Rockwell International Corp. )NP (VP bought (PRT out )PRT (NP (NP (NP *UNKC Corp. 's )NP interest )NP (PP in (NP (NP *UNKC )NP , (NP (NP a joint venture )NP (PP of (NP the two companies )NP )PP (VP based (PP in (NP Tokyo )NP )PP )VP )NP )NP )PP )NP )VP . )S  STOP
(S (NP The price )NP (VP was (NP (NP (QP 3.6 billion )QP yen )NP (PRN -LRB- (NP (QP $ 25 million )QP )NP -RRB- )PRN )NP )VP . )S  STOP
(S (NP The agreement )NP (VP provides (SBAR that (S (NP *UNKC Corp. )NP (VP will (VP remain (NP (NP a supplier )NP (PP to (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP makes (NP printing *UNK )NP (PP for (NP the newspaper industry )NP )PP )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The purchase )NP (VP was (VP made (PP by (NP (NP Rockwell *UNKC Systems )NP , (NP (NP a Chicago subsidiary )NP (PP of (NP the (NAC El *UNKC , Calif. , )NAC concern )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP has (NP (QP about 200 )QP employees )NP )VP )S )SBAR , )NP (VP is (PP among (NP (NP the industry leaders )NP (PP in (NP (NP *UNK *UNKING technology )NP , (SBAR (WHNP which )WHNP (S (VP reduces (NP (NP time and materials waste )NP (SBAR (WHADVP when )WHADVP (S (VP preparing (NP a press )NP (PP for (NP printing )NP )PP )VP )S )SBAR )NP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The bond market )NP , (SBAR (WHNP which )WHNP (S (ADVP sometimes )ADVP (VP *UNK (PP on (NP bad news )NP )PP )VP )S )SBAR , )NP (VP *UNKED (NP (NP (NP yesterday 's )NP stock market sell-off )NP and (NP perceptions (SBAR that (S (NP the economy )NP (VP is (VP growing (ADJP weaker )ADJP )VP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (ADVP Early (PP in (NP the day )NP )PP )ADVP , (NP bonds )NP (VP rose (ADVP modestly )ADVP (PP on (NP (NP economists ' )NP forecasts (SBAR that (S (NP (NP (NP this week 's )NP slate )NP (PP of (NP economic data )NP )PP )NP (VP will (VP *UNK (NP (NP an economy )NP (VP headed (PP for (NP trouble )NP )PP )VP )NP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Such news )NP (VP is (ADJP good (PP for (NP bonds )NP )PP )ADJP (SBAR because (S (NP economic weakness )NP (ADVP sometimes )ADVP (VP causes (S (NP the Federal Reserve )NP (VP to (VP lower (NP interest rates )NP (PP in (NP an effort (S (VP to (VP (VP *UNK (NP the economy )NP )VP and (VP *UNK (PRT off )PRT (NP a recession )NP )VP )VP )VP )S )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP example )NP )PP , (NP today )NP (NP (NP the Department )NP (PP of (NP Commerce )NP )PP )NP (VP is (VP scheduled (S (VP to (VP release (NP the September durable goods report )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The consensus forecast )NP (PP of (NP (NP 14 economists )NP (VP surveyed (PP by (NP Dow Jones Capital Markets Report )NP )PP )VP )NP )PP )NP (VP is (PP for (NP (NP a (ADJP 1.2 % )ADJP drop )NP (PP in (NP September orders )NP )PP )NP )PP )VP . )S  STOP
(S (NP That )NP (VP would (VP follow (NP (NP a (ADJP 3.9 % )ADJP advance )NP (PP in (NP August )NP )PP )NP )VP )VP . )S  STOP
(S (NP Bonds )NP (VP received (NP a bigger boost )NP (ADVP later (PP in (NP the day )NP )PP )ADVP (SBAR (WHADVP when )WHADVP (S (NP stock prices )NP (VP moved (ADVP broadly lower )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP The Dow Jones Industrial Average )NP (VP fell (NP *UNKN points )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(SINV `` (S (NP Bond investors )NP (VP have (VP been (VP watching (NP stocks )NP (ADVP closely )ADVP )VP )VP )VP )S , '' (VP said )VP (NP (NP Joel *UNKC )NP , (NP (NP chief fixed-income analyst )NP (PP at (NP *UNKC Data Global Markets Group )NP )PP )NP )NP . )SINV  STOP
(S `` (S (SBAR (WHADVP When )WHADVP (S (NP you )NP (VP get (NP (NP a big sell-off )NP (PP in (NP equities )NP )PP )NP )VP )S )SBAR , (NP money )NP (VP starts (S (VP to (VP shift (PP into (NP (NP bonds )NP , '' (SBAR (WHNP which )WHNP (S (VP are (VP considered (S (ADJP safer )ADJP )S )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (NP (NP The Treasury 's )NP benchmark 30-year bond )NP (VP ended (ADVP (ADVP (NP (QP about 1\/2 )QP point )NP higher )ADVP , or (ADVP up (NP (NP (QP about $ 5 )QP )NP (PP for (NP (NP each $ 1,000 )NP (NP face amount )NP )NP )PP )NP )ADVP , )ADVP (SBAR while (S (NP the yield )NP (VP slid (PP to (NP 7.93 % )NP )PP (PP from (NP 7.98 % )NP (NP Friday )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP ended (S (ADJP mixed )ADJP )S , (SBAR while (S (NP (ADJP mortgage-backed and investment-grade )ADJP corporate bonds )NP (VP rose )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Prices )NP (PP of (NP high-yield , high-risk corporate securities )NP )PP )NP (VP ended (S (ADJP unchanged )ADJP )S )VP . )S  STOP
(S (PP In (NP (NP more evidence )NP (PP of (NP (NP the growing division )NP (PP between (NP (ADJP `` good '' and `` bad '' )ADJP junk bonds )NP )PP )NP )PP )NP )PP , (NP (NP a (ADJP (QP $ 150 million )QP )ADJP issue )NP (PP by (NP *UNKC Industries Inc. )NP )PP )NP (VP was (VP snapped (PRT up )PRT (PP by (NP investors )NP )PP (SBAR while (S (NP (NP underwriters )NP (PP for (NP (NP Beatrice Co. 's )NP (ADJP (QP $ 350 million )QP )ADJP issue )NP )PP )NP (VP are (VP considering (S (VP restructuring (NP the deal )NP (S (VP to (VP attract (NP buyers )NP )VP )VP )S )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP the Treasury market )NP )PP , (NP analysts )NP (VP expect (S (NP bond prices )NP (VP to (VP trade (PP in (NP narrow ranges )NP )PP (NP this week )NP (SBAR as (S (NP the market )NP (VP takes (PRT in )PRT (NP (ADJP positive and negative )ADJP news )NP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(SINV `` (S (PP On (NP the negative side )NP )PP , (NP the market )NP (VP will (VP be (VP affected (PP by (NP (NP constant supply )NP (PP in (NP (NP all sectors )NP (PP of (NP the market )NP )PP )NP )PP )NP )PP )VP )VP )VP )S , '' (VP said )VP (NP (NP William M. *UNKC )NP , (NP (NP economist )NP (PP at (NP Daiwa Securities America Inc )NP )PP )NP )NP . )SINV  STOP
(S `` (PP On (NP the other hand )NP )PP , (NP we )NP (VP have (NP (NP economic news )NP (SBAR (WHNP that )WHNP (S (VP is -LCB- (VP expected (S (VP to (VP be -RCB- (ADJP relatively positive (PP for (NP the bond market )NP )PP )ADJP )VP )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP We )NP (VP will (VP go (ADVP back and forth )ADVP (PP with (NP (NP a *UNK )NP (PP toward (NP (ADJP slightly lower )ADJP yields )NP )PP )NP )PP )VP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP Today )NP , (NP the Treasury )NP (VP will (VP sell (NP (NP (QP $ 10 billion )QP )NP (PP of (NP new two-year notes )NP )PP )NP )VP )VP . )S  STOP
(S (NP *UNKC )NP , (NP (NP Resolution Funding Corp. )NP , (NP (NP a division )NP (PP of (NP (NP a new government agency )NP (VP created (S (VP to (VP *UNK (PRT out )PRT (NP (NP the nation 's )NP troubled thrifts )NP )VP )VP )S )VP )NP )PP )NP , )NP (VP will (VP hold (NP (NP its first bond auction )NP (SBAR (WHPP at (WHNP which )WHNP )WHPP (S (NP it )NP (VP will (VP sell (NP (NP (QP $ 4.5 billion )QP )NP (PP of (NP 30-year bonds )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (ADVP So far )ADVP , (NP (NP money managers )NP and (NP other bond buyers )NP )NP (VP have n't (VP shown (NP (NP much interest )NP (PP in (NP the *UNKC bonds )NP )PP )NP )VP )VP . )S  STOP
(S (NP Analysts )NP (VP have (NP (NP mixed views )NP (PP about (NP the two-year note auction )NP )PP )NP )VP . )S  STOP
(S (SBAR While (S (NP some )NP (VP say (SBAR (S (NP the auction )NP (VP should (VP proceed (ADVP smoothly )ADVP )VP )VP )S )SBAR )VP )S )SBAR , (NP others )NP (VP contend (SBAR that (S (NP (NP (NP yesterday 's )NP sale )NP (PP of (NP (NP (QP $ *UNKN billion )QP )NP (PP of (NP asset-backed securities )NP )PP )NP )PP (PP by (NP Ford Motor Credit Corp. )NP )PP )NP (VP may (VP have (VP *UNKED (NP some potential institutional buyers )NP (PP from (NP (NP the government 's )NP note sale )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The division )NP (PP of (NP auto maker Ford Motor Co. )NP )PP )NP (VP made (NP its debut )NP (PP in (NP the asset-backed securities market )NP )PP (PP with (NP (NP the second-largest issue )NP (PP in (NP (NP the market 's )NP four-year history )NP )PP )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP offered (NP (NP securities )NP (VP backed (PP by (NP automobile loans )NP )PP )VP )NP (PP through (NP (NP an underwriting group )NP (VP headed (PP by (NP First Boston Corp )NP )PP )VP )NP )PP )VP . )S  STOP
(S (NP The issue )NP (VP (VP yields (NP *UNKN % )NP )VP and (VP carries (NP (NP a guarantee )NP (VP covering (NP (NP 9 % )NP (PP of (NP the deal )NP )PP )NP )VP (PP from (NP the company )NP )PP )NP )VP )VP . )S  STOP
(S (NP First Boston )NP (VP sweetened (NP the terms )NP (PP from (NP the original yield estimate )NP )PP (PP in (NP an apparent effort (S (VP to (VP place (NP the huge offering )NP )VP )VP )S )NP )PP )VP . )S  STOP
(S (NP The issue )NP (VP was (VP offered (PP at (NP (NP a yield )NP (PP (NP (QP nearly one )QP percentage point )NP above (NP (NP the yield )NP (PP on (NP two-year Treasurys )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The only asset-backed deal )NP (ADJP larger (PP than (NP (NP Ford 's )NP )NP )PP )ADJP )NP (VP was (NP (NP a (ADJP (QP $ 4 billion )QP )ADJP offering )NP (PP by (NP General Motors Acceptance Corp. )NP )PP (PP in (NP 1986 )NP )PP )NP )VP . )S  STOP
(NP Treasury Securities )NP  STOP
(S (NP Treasury bonds )NP (VP were (ADJP (NP (QP 1\/8 to 1\/2 )QP point )NP higher )ADJP (NP yesterday )NP (PP in (NP light trading )NP )PP )VP . )S  STOP
(S (NP The benchmark 30-year bond )NP (VP ended (PP at (NP (NP a price )NP (PP of (NP 102 *UNKN )NP )PP , (PP compared (PP with (NP 101 *UNKN )NP (NP Friday )NP )PP )PP )NP )PP )VP . )S  STOP
(S (NP The latest 10-year notes )NP (VP were (VP quoted (ADVP late )ADVP (PP at (NP 100 *UNKN )NP )PP (S (VP to (VP yield (NP 7.90 % )NP )VP )VP )S , (PP compared (PP with (FRAG (NP 100 3\/32 )NP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )FRAG )PP )PP )VP )VP . )S  STOP
(S (NP The (ADJP latest two-year )ADJP notes )NP (VP were (VP quoted (ADVP late )ADVP (PP at (NP 100 *UNKN )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Short-term rates )NP (VP rose (NP yesterday )NP (PP at (NP (NP the government 's )NP weekly Treasury bill auction )NP )PP , (PP compared (PP with (NP the previous bill sale )NP )PP )PP )VP . )S  STOP
(S (NP The Treasury )NP (VP sold (NP (NP $ *UNKN billion )NP (PP of (NP three-month bills )NP )PP )NP (PP with (NP (NP (NP an average discount rate )NP (PP of (NP 7.52 % )NP )PP )NP , (NP (NP the highest )NP (PP since (NP (NP the average )NP (PP of (NP *UNKN % )NP )PP (PP at (NP (NP the auction )NP (PP on (NP Oct. 10 )NP )PP )NP )PP )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP (NP The (QP $ *UNKN billion )QP )NP (PP of (NP six-month Treasury bills )NP )PP )NP (VP were (VP sold (PP with (NP (NP (NP an average discount rate )NP (PP of (NP 7.50 % )NP )PP )NP , (NP (NP the highest )NP (PP since (NP (NP the average )NP (PP of (NP *UNKN % )NP )PP (PP at (NP the Oct. 10 auction )NP )PP )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP The rates )NP (VP were (ADVP up (PP from (NP (NP (NP last week 's )NP auction )NP , (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP were (NP (NP *UNKN % )NP and (NP *UNKN % )NP )NP , (ADVP respectively )ADVP )VP )S )SBAR )NP )PP )ADVP )VP . )S  STOP
(SINV (ADVP Here )ADVP (VP are )VP (NP auction details )NP : )SINV  STOP
(S (NP *UNKC )NP (VP are (VP determined (PP by (NP (NP the difference )NP (PP between (NP (NP the purchase price )NP and (NP face value )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (ADVP Thus )ADVP , (NP higher bidding )NP (VP *UNK (NP (NP the investor 's )NP return )NP (SBAR while (S (NP lower bidding )NP (VP *UNK (NP it )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The percentage rates )NP (VP are (VP calculated (PP on (NP a *UNK- year )NP )PP , (SBAR while (S (NP the *UNK- yield )NP (VP is (VP based (PP on (NP a *UNK- year )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Both issues )NP (VP are (VP dated (NP Oct. 26 )NP )VP )VP . )S  STOP
(S (S (NP The *UNK- bills )NP (VP mature (NP Jan. 25 , 1990 )NP )VP )S , and (S (NP the *UNK- bills )NP (VP mature (NP April 26 , 1990 )NP )VP )S . )S  STOP
(NP Corporate Issues )NP  STOP
(S (NP *UNKC *UNK )NP (VP closed (ADVP (NP (QP about 1\/4 )QP point )NP higher )ADVP (PP in (NP quiet trading )NP )PP )VP . )S  STOP
(S (PP In (NP the junk bond market )NP )PP , (NP (NP (NP *UNKC Industries ' )NP issue )NP (PP of (NP 12-year debentures )NP )PP , (VP considered (S (VP to (VP be (NP (NP one )NP (PP of (NP (NP the market 's )NP high-quality credits )NP )PP )NP )VP )VP )S )VP , )NP (VP was (VP priced (PP at (NP par )NP )PP (S (VP to (VP yield (NP 12 % )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Peter *UNKC )NP , (NP (NP managing director )NP (PP at (NP underwriter Morgan Stanley & Co. )NP )PP )NP , )NP (VP said (SBAR (S (NP the issue )NP (VP was (ADJP *UNKED )ADJP )VP )S )SBAR )VP . )S  STOP
(S `` (S (S (NP It )NP (VP 's (NP a *UNKED market )NP )VP )S , and (S (SBAR if (S (NP you )NP (VP have (NP a good , strong credit )NP )VP )S )SBAR , (NP people )NP (VP have (NP an appetite )NP (PP for (NP it )NP )PP )VP )S )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP Morgan Stanley )NP (VP is (VP expected (S (VP to (VP price (NP (NP another junk bond deal )NP , (NP (NP (QP $ 350 million )QP )NP (PP of (NP senior subordinated debentures )NP )PP (PP by (NP Continental *UNKC Inc. )NP )PP )NP , )NP (NP next Tuesday )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP In (NP (NP light )NP (PP of (NP (NP the recent *UNK )NP (PP in (NP the high-yield market )NP )PP )NP )PP )NP )PP , (NP junk bond analysts and traders )NP (VP expect (S (NP other high-yield deals )NP (VP to (VP be (VP sweetened or restructured (SBAR before (S (NP they )NP (VP are (VP offered (PP to (NP investors )NP )PP )VP )VP )S )SBAR )VP )VP )VP )S )VP . )S  STOP
(S (PP In (NP (NP the case )NP (PP of (NP Beatrice )NP )PP )NP )PP , (NP Salomon Brothers Inc. )NP (VP is (VP considering (S (VP restructuring (NP (NP the reset mechanism )NP (PP on (NP (NP the (ADJP (QP $ 200 million )QP )ADJP portion )NP (PP of (NP the offering )NP )PP )NP )PP )NP )VP )S )VP )VP . )S  STOP
(S (PP Under (NP (NP the (ADJP originally *UNKED )ADJP terms )NP (PP of (NP the offering )NP )PP )NP )PP , (NP the notes )NP (VP would (VP have (VP been (VP reset (ADVP annually )ADVP (PP at (NP (NP a fixed spread )NP (PP above (NP Treasurys )NP )PP )NP )PP )VP )VP )VP )VP . )S  STOP
(S (PP Under (NP (NP the new plan )NP (VP being (VP considered )VP )VP )NP )PP , (NP the notes )NP (VP would (VP reset (ADVP annually )ADVP (PP at (NP (NP a rate )NP (SBAR (S (VP to (VP maintain (NP (NP a market value )NP (PP of (NP 101 )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP Price talk )NP (VP calls (SBAR for (S (NP the reset notes )NP (VP to (VP be (VP priced (PP at (NP (NP a yield )NP (PP of (NP (QP between 13 1\/4 % and 13 1\/2 % )QP )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(NP *UNKED Securities )NP  STOP
(S (NP (NP Activity )NP (PP in (NP derivative markets )NP )PP )NP (VP was (ADJP strong )ADJP (PP with (NP (NP (NP four new real estate mortgage investment *UNK )NP (VP announced )VP )NP and (NP (NP talk )NP (PP of (NP several more deals )NP )PP (PP in (NP (NP today 's )NP session )NP )PP )NP )NP )PP )VP . )S  STOP
(S (S (NP The Federal National Mortgage Association )NP (VP offered (NP (NP (QP $ 1.2 billion )QP )NP (PP of (NP Remic securities )NP )PP )NP (PP in (NP three issues )NP )PP )VP )S , and (S (NP the Federal Home Loan Mortgage Corp. )NP (VP offered (NP (NP a (ADJP (QP $ 250 million )QP )ADJP Remic )NP (VP backed (PP by (NP (ADJP 9 % )ADJP *UNK- securities )NP )PP )VP )NP )VP )S . )S  STOP
(S (NP (NP Part )NP (PP of (NP (NP the reason )NP (PP for (NP (NP the heavy activity )NP (PP in (NP derivative markets )NP )PP )NP )PP )NP )PP )NP (VP is (SBAR that (S (NP underwriters )NP (VP are (VP *UNKING (NP (NP mortgage securities )NP (VP being (VP sold (PP by (NP thrifts )NP )PP )VP )VP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Traders )NP (VP said (SBAR (S (NP thrifts )NP (VP have (VP stepped (PRT up )PRT (NP their mortgage securities sales )NP (SBAR as (S (NP the bond market )NP (VP has (VP risen (PP in (NP the past two weeks )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP the mortgage *UNK- sector )NP )PP , (NP active issues )NP (VP (VP rose )VP but (VP *UNKED (NP (NP gains )NP (PP in (NP the Treasury market )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP (NP Government National Mortgage Association (ADJP 9 % )ADJP securities )NP (PP for (NP November delivery )NP )PP )NP (VP were (VP quoted (ADVP late yesterday )ADVP (PP at (NP 98 *UNKN )NP )PP , (ADVP up (NP *UNKN )NP )ADVP )VP )VP )S ; and (S (NP Freddie Mac (ADJP 9 % )ADJP securities )NP (VP were (PP at (NP 97 1\/2 )NP )PP , (ADVP up (NP 1\/4 )NP )ADVP )VP )S . )S  STOP
(S (NP The Ginnie Mae 9 % issue )NP (VP was (VP yielding (NP *UNKN % )NP (PP to (NP a 12-year average life assumption )NP )PP , (SBAR as (S (NP (NP the spread )NP (PP above (NP the Treasury 10-year note )NP )PP )NP (VP widened (ADVP slightly )ADVP (PP to (NP *UNKN percentage points )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(NP *UNKC )NP  STOP
(S (NP A (ADJP (QP $ *UNKN million )QP )ADJP (NAC San Antonio , Texas , )NAC electric and gas system revenue bond issue )NP (VP dominated (NP the new issue sector )NP )VP . )S  STOP
(S (NP (NP The refunding issue )NP , (SBAR (WHNP which )WHNP (S (VP had (VP been (PP in (NP the wings )NP )PP (PP for (NP two months )NP )PP )VP )VP )S )SBAR , )NP (VP was (NP (NP one )NP (PP of (NP (NP the chief offerings )NP (VP (VP *UNKING (NP the market )NP )VP and (VP limiting (NP price appreciation )NP )VP )VP )NP )PP )NP )VP . )S  STOP
(S But (S (VP *UNKING (NP that *UNK )NP )VP )S (VP failed (S (VP to (VP stimulate (NP much activity )NP (PP in (NP (NP the secondary market )NP , (SBAR (WHADVP where )WHADVP (S (NP prices )NP (VP were (NP (QP off 1\/8 to up 3\/8 )QP point )NP )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP An official )NP (PP with (NP lead underwriter First Boston )NP )PP )NP (VP said (SBAR (S (NP (NP orders )NP (PP for (NP the San Antonio bonds )NP )PP )NP (VP were `` (PP on (NP the slow side )NP )PP )VP )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP attributed (NP that )NP (PP to (NP (NP (NP the issue 's )NP (NX (NX aggressive pricing )NX and (NX large size )NX )NX )NP , (CONJP as well as )CONJP (NP (NP the general *UNK )NP (PP in (NP the municipal marketplace )NP )PP )NP )NP )PP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (PRN (S (NP he )NP (VP noted )VP )S , )PRN (S (NP the issue )NP (VP would (ADVP normally )ADVP (VP be (NP (NP the type )NP (VP purchased (PP by (NP property and casualty insurers )NP )PP )VP )NP )VP )VP )S , but (S (NP (NP recent disasters )NP , (PP such as (NP (NP Hurricane Hugo )NP and (NP the Northern California earthquake )NP )NP )PP , )NP (VP have (VP (VP *UNKED (NP (NP insurers ' )NP resources )NP )VP and (VP *UNKED (NP (NP their demand )NP (PP for (NP bonds )NP )PP )NP )VP )VP )VP )S . )S  STOP
(S (NP A (ADJP (QP $ *UNKN million )QP )ADJP Maryland *UNKC Authority sports facilities lease revenue bond issue )NP (VP appeared (S (VP to (VP be (PP off (PP to (NP a good start )NP )PP )PP )VP )VP )S )VP . )S  STOP
(S (NP The issue )NP (VP was (UCP (ADJP *UNKED )ADJP and `` (VP doing (ADVP very well )ADVP )VP )UCP , '' (PP according (PP to (NP (NP an official )NP (PP with (NP lead underwriter Morgan Stanley )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP Activity )NP (VP *UNKED (PP in (NP (NP the New York City bond market )NP , (SBAR (WHADVP where )WHADVP (S (NP heavy investor selling )NP (NP last week )NP (VP drove (NP (NP yields )NP (PP on (NP (NP the *UNK 's )NP (UCP full *UNK and credit backed )UCP bonds )NP )PP )NP (ADVP up )ADVP (ADVP as much (PP as (NP *UNKN percentage point )NP )PP )ADVP )VP )S )SBAR )NP )PP )VP . )S  STOP
(NP Foreign Bonds )NP  STOP
(S (NP Japanese government bonds )NP (VP ended (ADVP lower )ADVP (SBAR after (S (NP the dollar )NP (VP rose (ADVP modestly )ADVP (PP against (NP the yen )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The turnaround )NP (PP in (NP the dollar )NP )PP )NP (VP fueled (NP (NP bearish sentiment )NP (PP about (NP (NP Japan 's )NP bond market )NP )PP )NP )VP . )S  STOP
(S (NP (NP The benchmark No. 111 (ADJP 4.6 % )ADJP bond )NP (ADJP due (NP 1998 )NP )ADJP )NP (VP ended (PP on (NP (NP brokers ' )NP screens )NP )PP (PP at (NP (NP a price )NP (PP of (NP *UNKN )NP )PP )NP )PP , (ADVP off (NP *UNKN )NP )ADVP )VP . )S  STOP
(S (NP The yield )NP (VP rose (PP to (NP *UNKN % )NP )PP )VP . )S  STOP
(S (NP (ADJP West German )ADJP bond prices )NP (VP ended (ADVP lower )ADVP (PP after (NP (NP a day )NP (PP of (NP *UNK trading )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The benchmark (ADJP 7 % )ADJP bond )NP (ADJP due (NP October 1999 )NP )ADJP )NP (VP fell (NP *UNKN point )NP (PP to (NP *UNKN )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S , (SBAR while (S (NP (NP the (ADJP (QP 6 3\/4 )QP % )ADJP notes )NP (ADJP due (NP July 1994 )NP )ADJP )NP (VP fell (NP *UNKN )NP (PP to (NP *UNKN )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP British government bonds )NP (VP ended (ADVP slightly higher )ADVP (PP in (NP quiet trading )NP )PP (SBAR as (S (NP investors )NP (VP looked (ADVP ahead )ADVP (PP to (NP (NP today 's )NP British trade report )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The benchmark (ADJP (QP 11 3\/4 )QP % )ADJP Treasury bond )NP (ADJP due (NP *UNKN )NP )ADJP )NP (VP rose (NP 1\/8 )NP (PP to (NP 111 *UNKN )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S , (SBAR while (S (NP (NP the (ADJP 12 % )ADJP issue )NP (PP of (NP 1995 )NP )PP )NP (VP rose (NP 3\/32 )NP (PP to (NP 103 *UNKN )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S `` (NP The *UNK )NP (VP 's (VP done (VP gone (PP from (NP the *UNK )NP )PP )VP )VP )VP -- )S  STOP
(INTJ *UNK ! )INTJ  STOP
(S (NP My language )NP (ADVP sure )ADVP (VP goes (PP to (NP *UNK )NP )PP (ADVP down here )ADVP (PP on (NP the coast )NP )PP )VP . '' )S  STOP
(S (NP (NP The *UNK *UNK guide )NP (PP with (NP the *UNKC cap )NP )PP )NP (VP *UNK (NP his face )NP (PP in (NP *UNK *UNK )NP )PP )VP . )S  STOP
(S `` (NP I )NP (VP got (S (VP to (VP (VP get (ADVP back (PP to (NP school )NP )PP )ADVP )VP and (VP *UNK (PRT out )PRT (NP my English )NP )VP )VP )VP )S )VP . '' )S  STOP
(S (NP He )NP (VP has (NP (NP two more years )NP (PP at (NP Texas *UNKC )NP )PP )NP )VP . )S  STOP
(S (ADVP Right now )ADVP (NP he )NP (VP takes (NP people )NP (PRT out )PRT (S (VP to (VP *UNK (PP in (NP (NP the *UNK )NP (PP behind (NP (NP the barrier *UNK )NP (SBAR (WHNP that )WHNP (S (VP *UNK (PP for (NP (NP hundreds )NP (PP of (NP miles )NP )PP )NP )PP (PP along (NP (NP the *UNK coast )NP (PP of (NP Texas )NP )PP )NP )PP , (S (VP *UNKING (NP (NP (ADJP *UNK green )ADJP *UNK )NP (PP behind (NP (NP *UNK )NP (PP of (NP (NP sand )NP and (NP *UNK *UNK )NP )NP )PP (SBAR (WHNP that )WHNP (S (VP *UNK (NP (NP the deep blue )NP (PP of (NP the Gulf beyond )NP )PP )NP )VP )S )SBAR )NP )PP )NP )VP )S )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (S (NP There )NP (VP have (VP been (NP (NP three days )NP (PP of (NP hot , *UNK- rain )NP )PP )NP )VP )VP )S , and (S (ADVP now )ADVP (PP with (NP the first sun )NP )PP (NP we )NP (VP are (PP after (NP (NP *UNKED *UNK )NP , (SBAR (WHNP which )WHNP (S (PP with (NP *UNK )NP )PP (VP provides (NP (NP most )NP (PP of (NP the game fishing )NP )PP )NP (ADVP *UNK )ADVP )VP )S )SBAR )NP )PP )VP )S . )S  STOP
(S (S (NP The little radio )NP (VP *UNK (SBAR as (S (NP other *UNK )NP (VP want (S (VP to (VP see (SBAR if (S (NP we )NP (VP have (VP found (NP any *UNK )NP )VP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP )S -- (S (S (VP *UNKING (NP location )NP )VP )S (VP is (NP everything )NP (PP in (NP this sport )NP )PP )VP )S . )S  STOP
(S (NP *UNKC answers )NP (VP *UNK (ADVP back )ADVP )VP . )S  STOP
(S (NP The *UNK )NP (ADVP often )ADVP (VP are (ADJP *UNK )ADJP (PP around (NP (NP the *UNK )NP (PP of (NP (NP the old gas wells )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP the flat surface )NP (PP like (NP (NP the remains )NP (PP of (NP *UNK ships )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP We )NP (VP go (PP from (NP one )NP )PP (PP to (NP the other )NP )PP )VP . )S  STOP
(S (NP The sun )NP (VP is (ADJP hot )ADJP (ADVP now )ADVP (SBAR though (S (NP it )NP (VP 's (ADVP only )ADVP (NP (NP 8 )NP (PP in (NP the morning )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The great silver *UNK )NP (PP on (NP the horizon )NP )PP )NP (VP build (NP themselves )NP (PP on (NP the *UNK water )NP )PP )VP . )S  STOP
(S (NP We )NP (VP *UNK (PP toward (NP (NP another set )NP (PP of (NP *UNK )NP )PP )NP )PP )VP . )S  STOP
(S (NP The guide )NP (VP (VP *UNK (PP into (NP a *UNK )NP )PP )VP and (VP puts (NP a (ADJP *UNKLY *UNKING )ADJP *UNK )NP (PP on (NP the *UNK )NP )PP )VP )VP . )S  STOP
(S (ADVP Then )ADVP (NP he )NP (VP *UNK (PRT out )PRT )VP . )S  STOP
(S `` (ADVP Just )ADVP (VP wait (PP for (NP (NP that *UNK- )NP , (NP that *UNK- )NP )NP )PP )VP . )S  STOP
(S (NP It )NP (VP comes (ADVP real *UNK )ADVP (SBAR before (S (NP it )NP (VP *UNK )VP )S )SBAR )VP . )S  STOP
(S (VP Do n't (VP forget , (SBAR (S (NP *UNK )NP (VP have (NP (ADJP very soft )ADJP *UNK )NP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP The radio )NP (VP *UNK (ADVP again )ADVP )VP . )S  STOP
(SINV `` (S (VP *UNKC ' (NP one or two )NP )VP )S , '' (VP says )VP (NP the guide )NP , (S (VP *UNKING )VP )S . )SINV  STOP
(S `` (NP You )NP (VP can (VP tell (SBAR (S (NP they )NP (VP 've (VP got (NP *UNK ' )NP )VP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP (NP A *UNK )NP (PP of (NP black *UNK )NP )PP )NP (VP *UNK- (ADVP past )ADVP (ADVP close (PP to (NP the surface )NP )PP )ADVP )VP . )S  STOP
(S (ADVP Soon )ADVP (NP we )NP (VP have (NP (NP our limit )NP (PP of (NP (NP the *UNKING *UNK )NP (ADJP *UNKED (PP in (NP *UNK- and black )NP )PP )ADJP )NP )PP )NP )VP . )S  STOP
(S And (NP we )NP (VP are (NP (NP the first )NP (ADVP back (PP at (NP (NP the *UNK )NP , (SBAR (WHADVP where )WHADVP (S (NP the great blue *UNK )NP (VP stand (S (VP waiting (PP by (NP the cleaning *UNK )NP )PP )VP )S )VP )S )SBAR )NP )PP )ADVP )NP )VP . )S  STOP
(S (S (NP The guide )NP (VP is (ADJP young )ADJP )VP )S and (S (NP he )NP (VP knows (NP this business )NP )VP )S but (S (NP he )NP (VP wants (NP (NP a different life )NP (PP after (NP college )NP )PP , (PP such as (S (VP (VP working (PP for (NP IBM )NP )PP )VP and (VP wearing (NP a *UNK )NP )VP )VP )S )PP )NP )VP )S . )S  STOP
(S (NP This )NP (VP must (VP be (NP (NP the last big stretch )NP (PP of (NP the American *UNK )NP )PP (SBAR (WHNP that )WHNP (S (VP is `` (ADJP *UNKED )ADJP )VP )S )SBAR )NP )VP )VP . '' )S  STOP
(S (NP There )NP (VP are (NP (NP a few *UNK fishing *UNK )NP (PP with (NP (NP quiet *UNK )NP (PP of (NP resort houses )NP )PP )NP )PP )NP (ADVP nearby )ADVP )VP . )S  STOP
(S (NP People )NP (VP are not (ADJP *UNK (S (VP to (VP be (ADJP *UNK- (PP about (NP (NP the place )NP or (NP themselves )NP )NP )PP )ADJP )VP )VP )S )ADJP )VP . )S  STOP
(S (S (S (NP Texas )NP (VP is (ADJP big and *UNK )ADJP )VP )S and (S (NP they )NP (VP live (ADVP here )ADVP )VP )S )S , (S (NP that )NP (VP 's (NP all )NP )VP )S . )S  STOP
(SINV (VP *UNKING (ADVP out )ADVP (PP just to (NP (NP the north )NP (PP of (NP us )NP )PP )NP )PP )VP (VP is )VP (NP (NP the *UNKC *UNKC )NP (PRN -LRB- (PP after (NP (NP the *UNK )NP , not (NP the game )NP )NP )PP -RRB- )PRN (SBAR (WHNP which )WHNP (S (VP forms (NP (NP the core )NP (PP of (NP the *UNKC *UNKC *UNKC )NP )PP )NP )VP )S )SBAR )NP . )SINV  STOP
(S (NP It )NP (VP is (ADJP famous )ADJP (PP as (NP (NP the winter home )NP (PP of (NP (NP the whooping *UNK )NP , (NP (NP that symbol )NP (PP of (NP (NP the destruction )NP (PP of (NP wild America )NP )PP )NP )PP )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Last year )NP (NP a *UNK )NP (VP shot (NP a *UNK )NP (PP by (NP mistake )NP )PP (S (VP thinking (SBAR that (S (NP it )NP (VP was (NP a *UNK *UNK )NP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP He )NP (VP (VP paid (NP an *UNK fine )NP )VP and (VP was (ADJP lucky (PRN , (PP according (PP to (NP a local *UNK )NP )PP )PP , )PRN (S (VP to (VP escape (NP the gas chamber )NP )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (NP The *UNK )NP (VP comes (PP off (NP the vast *UNK *UNK plain )NP )PP (PP with (NP (NP fields )NP (PP of (NP rice and cotton and *UNK )NP )PP (ADVP (ADVP as far )ADVP (SBAR as (S (NP the eye )NP (VP can (VP see )VP )VP )S )SBAR )ADVP )NP )PP )VP . )S  STOP
(S (PP *UNKC (NP the coast )NP )PP (NP there )NP (VP are (NP (NP *UNK *UNK )NP (PP of (NP live *UNK )NP )PP (VP *UNKED (PP with (NP *UNK and *UNK )NP )PP )VP )NP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP , (NP wild *UNK )NP , (NP *UNK )NP and (NP *UNK )NP )NP (VP are (NP the *UNK *UNK )NP )VP )S and (S (NP the *UNK )NP (VP are (ADJP *UNK )ADJP (PRN , (ADVP especially )ADVP (NP (NP the *UNK )NP and (NP the *UNK )NP )NP )PRN )VP )S . )S  STOP
(S (PP *UNKC (NP (NP the *UNK )NP (PP of (NP (NP *UNK )NP and (NP *UNK *UNK )NP )NP )PP )NP )PP (NP the (ADJP *UNK- and golden )ADJP *UNK *UNKLY )NP (VP *UNK (PP on (NP its *UNK *UNK )NP )PP )VP . )S  STOP
(S (ADVP *UNKC (NP a few miles )NP (PP from (NP the *UNK )NP )PP )ADVP (NP there )NP (VP is (NP (NP a place )NP (VP called (S (NP *UNKC )NP )S )VP , (PP with (NP (NP a white church )NP , (NP a gas station )NP and (NP a grocery )NP )NP )PP , (NP (NP the houses )NP (ADJP relatively close together (PP for (NP (NP such a settlement )NP (PP in (NP these parts )NP )PP )NP )PP )ADJP )NP )NP )VP . )S  STOP
(S `` (NP *UNKC *UNKC )NP , '' (NP I )NP (VP read (NP a sign )NP (PP in (NP (NP the usual *UNK )NP (PP of (NP the name )NP )PP )NP )PP (SBAR as (S (NP we )NP (VP *UNK (ADVP through )ADVP )VP )S )SBAR )VP . )S  STOP
(S `` (S (ADVP Here (PP in (NP south Texas )NP )PP )ADVP (NP we )NP (VP say (NP *UNKC )NP )VP )S , '' (NP my host )NP (ADVP *UNKLY )ADVP (VP *UNK )VP . )S  STOP
(S (NP Mr. King )NP (VP is (NP (NP the director )NP (PP of (NP (NP the Foreign Press Center )NP (PP in (NP New York )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC AG )NP and (NP *UNKC AG )NP )NP (VP said (SBAR (S (NP they )NP (VP will (VP launch (NP (NP their (ADJP previously announced )ADJP joint venture )NP (PP for (NP power *UNK )NP )PP )NP (PP in (NP January )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The two (ADJP West German )ADJP electronics concerns )NP (VP said (SBAR (S (NP they )NP (VP have (VP set (PRT up )PRT (NP European Power Semiconductor Co. )NP (S (VP to (VP merge (NP (NP their activities )NP (PP in (NP the field )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC and *UNKC )NP each (VP will (VP hold (NP (NP a (ADJP 50 % )ADJP stake )NP (PP in (NP the venture )NP )PP )NP )VP )VP . )S  STOP
(S (NP The joint venture )NP (VP will (VP have (NP (NP (NP nominal capital )NP (PP of (NP (NP (QP 50 million )QP marks )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP )PP )NP and (NP 700 employees )NP )NP )VP )VP . )S  STOP
(S (NP It )NP (VP will (VP develop , produce and market (NP *UNK- electronic parts )NP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (NP (NP West Germany 's )NP largest electronics group )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (NP 80 % )NP (VP owned (PP by (NP (NP Daimler-Benz AG )NP , (NP (NP the country 's )NP biggest industrial concern )NP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC Corp. )NP (VP said (SBAR (S (NP its third-quarter net income )NP (VP fell (NP 27 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 72 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ 1 )NP (NP a share )NP )NP )NP , (ADVP (NP a year )NP earlier )ADVP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Sales )NP (VP dropped (NP 4 % )NP (PP to (NP (QP $ 1.12 billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP (NP The company )NP , (SBAR (WHNP which )WHNP (S (VP supplies (NP (NP *UNK )NP and (NP other *UNK- parts )NP )NP (PP to (NP auto makers )NP )PP )VP )S )SBAR , )NP (VP said (SBAR (S (NP (QP about half )QP the earnings drop )NP (VP came (PP from (NP (NP the `` *UNK collapse '' )NP (PP of (NP the *UNKC auto industry )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNKC currency )NP (VP plummeted (NP this year )NP , (S (VP making (S (NP (NP it )NP )NP (ADJP difficult )ADJP (SBAR for (S (NP (NP auto makers )NP (ADVP there )ADVP )NP (VP to (VP afford (NP imported parts )NP )VP )VP )S )SBAR )S )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (ADVP also )ADVP (VP said (SBAR (S (NP it )NP (VP was (VP hurt (PP (PP by (NP *UNKING U.S. truck sales )NP )PP and (PP by (NP (NP a strike )NP (PP at (NP a parts supplier )NP )PP )NP )PP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The company )NP , (VP based (PP in (NP (NP *UNKC )NP , (NP Ohio )NP )NP )PP )VP , )NP (VP had (VP said (SBAR (S (NP it )NP (VP expected (NP reduced third-quarter profit )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Mary Anne *UNKC )NP , (NP (NP an analyst )NP (PP at (NP (NP *UNKC Investors )NP (PP in (NP New York )NP )PP )NP )PP )NP , )NP (VP said (SBAR (S (NP automotive suppliers )NP (VP were (VP reporting (NP (NP lower profit )NP (PP (ADVP almost )ADVP `` across (NP the board )NP )PP )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP *UNKC J. *UNKC )NP , (NP (NP *UNKC 's )NP president )NP , )NP (VP said (SBAR (S (NP (NP the company 's )NP decision (S (VP to (VP approve (NP its normal fourth-quarter dividend )NP )VP )VP )S )NP (VP indicated (NP its underlying strength )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP president )NP (PP of (NP (NP Japan 's )NP Mazda Motor Corp. )NP )PP )NP , )NP (VP said (SBAR (S (NP the Japanese car maker )NP (VP is (VP planning (NP (NP joint production )NP (PP with (NP Ford Motor Co. )NP )PP (PP in (NP Europe )NP )PP (ADVP ahead (PP of (NP (NP the European Community 's )NP 1992 integration )NP )PP )ADVP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP (VP did n't (VP disclose (NP (NP further details )NP (PP of (NP the arrangement )NP )PP )NP (PP at (NP a news conference )NP )PP )VP )VP , but (VP said (SBAR (S (NP the project )NP (VP would (VP be (VP undertaken (PP with (NP (NP Ford 's )NP European subsidiary )NP )PP )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP A Ford official )NP (VP confirmed (PP in (NP Tokyo )NP )PP (SBAR that (S (NP the U.S. motor vehicle maker )NP (VP is (VP studying (NP such an arrangement )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP At (NP age eight )NP )PP , (NP *UNKC Baker )NP (VP was (VP sent (PP by (NP her mother )NP )PP (PP to (NP (NP a white woman 's )NP house )NP )PP (S (VP to (VP do (NP chores )NP (PP in (NP (NP exchange )NP (PP for (NP (NP *UNK )NP and (NP (NP (NP a place )NP (SBAR (S (VP to (VP *UNK )VP )VP )S )SBAR )NP -- (NP (NP a place )NP (PP in (NP the *UNK )NP )PP (PP with (NP the coal )NP )PP )NP )NP )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (PP At (NP age 19 )NP )PP , (NP she )NP (VP was (NP a Paris *UNK )NP , (S (VP *UNKED (PP from (NP *UNKED child )NP )PP (PP to (NP international sex symbol )NP )PP (PP in (NP (QP just over a )QP decade )NP )PP )VP )S )VP . )S  STOP
(S (NP It )NP (VP is (NP (NP the stuff )NP (PP (PP of (NP *UNK )NP )PP , but also (PP of (NP *UNK )NP )PP )PP )NP )VP . )S  STOP
(S (NP Only the *UNK spirits )NP (VP survive (NP such *UNK *UNK )NP )VP . )S  STOP
(S And , (PP for (NP Ms. Baker )NP )PP , (NP the ride )NP (VP was (ADVP far from over )ADVP )VP . )S  STOP
(S (S (NP (NP Her *UNK *UNK )NP , (NP her *UNKING )NP , (NP her voice )NP , (NP her beauty )NP and (PRN , (ADVP perhaps )ADVP (ADVP most *UNKLY )ADVP , )PRN (NP her *UNK )NP , )NP (VP were (NP prominent *UNK )NP )VP )S , but (S (NP (NP *UNK )NP (PP of (NP a rare sort )NP )PP )NP (VP made (S (NP her remarkable life )NP (ADJP possible )ADJP )S )VP )S . )S  STOP
(S (NP (NP *UNKC )NP , (NP (NP another American black woman )NP (SBAR (WHNP who )WHNP (S (VP found (NP (NP a measure )NP (PP of (NP *UNK )NP )PP )NP (PP in (NP Paris )NP )PP )VP )S )SBAR )NP , )NP (VP said : `` (S (NP I )NP (VP do n't (VP think (SBAR (S (NP I )NP (VP 've (ADVP ever )ADVP (VP known (NP (NP anyone )NP (UCP (PP with (NP (NP a (ADJP less complicated )ADJP view )NP (PP of (NP life )NP )PP )NP )PP , or (SBAR (WHNP whose life )WHNP (S (VP was (ADJP more complicated (PP than (NP *UNKC 's )NP )PP )ADJP )VP )S )SBAR )UCP )NP )VP )VP )S )SBAR )VP )VP )S )VP . '' )S  STOP
(S (NP Men )NP (VP were (NP a constant *UNK )NP )VP . )S  STOP
(S (NP Baker )NP (VP had (NP (NP lots )NP (PP of (NP them )NP )PP )NP )VP . )S  STOP
(S But (NP she )NP (VP (VP did n't (VP trust (NP them )NP )VP )VP and (VP did n't (VP reward (NP trust )NP )VP )VP )VP . )S  STOP
(S (SBAR As (S (NP she )NP (VP saw (NP one key love affair )NP )VP )S )SBAR , (S (NP the problem )NP (VP was n't (NP her *UNK )NP )VP )S , (S (NP it )NP (VP was (NP his *UNK )NP )VP )S . )S  STOP
(S (NP (NP Her appetite )NP (PP for (NP children )NP )PP )NP (ADVP also )ADVP (VP was (ADJP large )ADJP )VP . )S  STOP
(S (NP She )NP (VP adopted (NP (NP 12 )NP (PP of (NP *UNKED *UNK )NP )PP )NP , (S (VP (VP *UNKING (S (NP them )NP (NP the *UNKC *UNKC )NP )S )VP , and (VP (VP driving (NP her husband )NP (ADVP first )ADVP (PP to (NP *UNK )NP )PP )VP and (VP (ADVP then )ADVP (PP to (NP *UNKC )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP She )NP (VP (VP made (NP money )NP )VP , but (VP spent (NP more )NP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP *UNKED (PRT in )PRT )VP . )S  STOP
(S (ADVP Finally )ADVP , (NP (NP Prince *UNKC )NP and (NP *UNKC Grace )NP )NP (VP saved (NP her )NP (PP with (NP (NP the offer )NP (PP of (NP (NP a house )NP (PP in (NP *UNKC )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Another *UNK *UNK )NP , (SBAR as (S (NP *UNKC Rose )NP (VP makes (S (ADJP clear )ADJP )S (PP in (NP `` (NP (NP *UNKC *UNKC )NP : (NP (NP *UNKC Baker )NP (PP in (NP Her Time )NP )PP )NP )NP '' (PRN -LRB- (NP (NP *UNKC )NP , (NP *UNKN pages )NP , (NP $ *UNKN )NP )NP -RRB- )PRN )NP )PP )VP )S )SBAR , (VP was (NP *UNK )NP )VP . )S  STOP
(S (NP Baker )NP (VP had (NP the good luck (S (VP to (VP arrive (PP in (NP (NP *UNKN Paris )NP , (SBAR (WHADVP where )WHADVP (S (NP blacks )NP (VP had (VP become (ADJP *UNK )ADJP )VP )VP )S )SBAR )NP )PP )VP )VP )S )NP )VP . )S  STOP
(S (S (NP African art )NP (VP was (PP in (NP *UNK )NP )PP )VP )S and (S (NP some *UNK )NP (VP were (VP writing (ADVP *UNKLY )ADVP (PP of (NP (NP a *UNKING age )NP (SBAR (S (VP to (VP be (VP inspired (PP by (NP blacks )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )VP )S . )S  STOP
(S (S (S (VP To (VP be (ADJP *UNK )ADJP )VP )VP )S (VP was (S (VP to (VP be (VP *UNKED (CONJP as well as )CONJP *UNKED )VP )VP )VP )S )VP )S , but (S (PP for (NP the most part )NP )PP (NP Paris )NP (VP was (NP (NP a friendly island )NP (PP in (NP a *UNK world )NP )PP )NP )VP )S . )S  STOP
(S (NP Baker )NP (VP had (NP (NP bitter experience )NP (PP of (NP *UNK )NP )PP (PP from (NP (NP her St. Louis *UNK )NP and (NP (NP her days )NP (PP in (NP (NP New York theater )NP , (SBAR (WHADVP where )WHADVP (S (NP she )NP (VP was (VP *UNKED (S (ADJP too dark (PP for (NP (NP an *UNK- *UNK line )NP -LRB- (VP performing (PP of (NP course )NP )PP (PP for (NP *UNK- audiences )NP )PP )VP -RRB- )NP )PP )ADJP )S )VP )VP )S )SBAR )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (NP Paris )NP (VP loved (NP her )NP (PP at (NP first *UNK )NP )PP )VP . )S  STOP
(SINV `` (S (S (NP She )NP (ADVP just )ADVP (VP *UNKED (NP her *UNK )NP )VP )S and (S (NP all the French )NP (VP fell (PP in (NP love )NP )PP (PP with (NP her )NP )PP )VP )S )S , '' (VP *UNKED )VP (NP (NP the *UNK world 's )NP *UNKC *UNKC )NP , (ADVP (ADVP not entirely )ADVP *UNKLY )ADVP . )SINV  STOP
(S `` (S (NP One )NP (VP can (ADVP hardly )ADVP (VP *UNK (NP (NP the importance )NP (PP of (NP her *UNK end )NP )PP )NP )VP )VP )S , '' (NP Ms. Rose )NP (VP writes )VP . )S  STOP
(S (NP (NP Ms. Rose )NP , (SBAR (WHNP who )WHNP (S (VP *UNK (NP *UNK )NP (PP at (NP *UNKC University )NP )PP )VP )S )SBAR , )NP (ADVP quickly )ADVP (VP proceeds (S (VP to (VP *UNK )VP )VP )S , (S (VP (VP claiming (SBAR that (S (NP (NP Baker 's )NP *UNKING )NP `` (VP had (VP uncovered (NP (NP a new region )NP (PP for (NP desire )NP )PP )NP )VP )VP '' )S )SBAR )VP and (ADVP thereby )ADVP (VP ignoring (NP (NP *UNK )NP (PP of (NP (NP *UNK )NP (PP to (NP the *UNK )NP )PP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S `` (NP *UNKC *UNKC )NP '' (VP contains (NP (NP other , (ADJP more important )ADJP , false notes )NP (SBAR (WHNP that )WHNP (S (VP undermine (SBAR (WHNP what )WHNP (S (VP is , (PP for (NP the most part )NP )PP , (NP (NP a *UNKLY account )NP (PP of (NP (NP a life )NP (ADJP already familiar (PP from (NP earlier works )NP )PP )ADJP )NP )PP )NP )VP )S )SBAR )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP is (ADJP easy )ADJP (S (VP to (VP see (SBAR (WHADVP why )WHADVP (S (NP (NP Baker )NP , (NP (NP a free spirit )NP (SBAR (WHNP who )WHNP (S (VP broke (NP (NP many )NP (PP of (NP (NP the *UNK )NP (SBAR (S (NP convention )NP (VP places (PP on (NP women )NP )PP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )NP , )NP (VP *UNK (NP (NP Ms. Rose )NP , (NP (NP the author )NP (PP of (NP `` (NP *UNKC *UNKC )NP , '' (NP (NP a *UNK study )NP (PP of (NP *UNKC marriage )NP )PP )NP )NP )PP )NP )NP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (ADVP Still )ADVP , (NP even the title )NP (VP raises (NP (NP questions )NP (PP about (NP (NP (NP the author 's )NP vision )NP (PP of (NP her subject )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Baker 's )NP art )NP (VP was (NP *UNK )NP (PP (ADVP only )ADVP by (NP (NP the *UNK stretch )NP (PP of (NP the term )NP )PP )NP )PP )VP . )S  STOP
(S (S (VP To (VP find (NP (NP *UNK )NP , (ADJP other (PP than (NP *UNK appeal )NP )PP )ADJP , (PP with (NP *UNKC )NP )PP , )NP )VP )VP )S (VP requires (NP an equal stretch )NP )VP . )S  STOP
(S (NP Baker )NP (VP was (ADJP (NP 68 years )NP old )ADJP (SBAR (WHADVP when )WHADVP (S (NP she )NP (VP (VP died (PP in (NP Paris )NP )PP , (PP (NP two days )NP after (NP (NP the *UNK- opening )NP (PP of (NP her *UNK show )NP )PP )NP )PP )VP : (NP (NP a *UNK- ending )NP (PP to (SBAR (WHNP what )WHNP (S (VP was (NP a *UNK life )NP )VP )S )SBAR )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP fact )NP )PP , (NP Ms. Baker )NP (VP played (NP (NP scenes )NP )NP (PP in (NP *UNKC )NP )PP (SBAR (WHNP that )WHNP (S (VP could (VP have (VP made (NP it )NP (PP into `` (NP *UNKC )NP )PP )VP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (PP During (NP World War II )NP )PP , (NP (NP her *UNKED view )NP (PP of (NP life )NP )PP )NP (VP led (NP her )NP (PP to (NP (NP the conclusion (SBAR that (S (NP the *UNKC )NP (VP (VP were (ADJP *UNK )ADJP )VP and (VP must (VP be (VP resisted )VP )VP )VP )VP )S )SBAR )NP , (NP (NP a decision )NP (VP made (PP by (NP (NP (QP only about 2 )QP % )NP (PP of (NP French citizens )NP )PP )NP )PP )VP )NP )NP )PP )VP . )S  STOP
(S (NP She )NP (VP was (ADJP *UNKED (PP to (NP (NP Charles de *UNKC 's )NP cause )NP )PP )ADJP , (S (VP accepting (NP (NP great financial *UNK )NP and (NP considerable risk )NP )NP (S (VP to (VP become (NP (ADVP first )ADVP (NP a spy )NP and then (NP (NP a *UNK- *UNKC tour )NP (PP for (NP (NP the forces )NP (PP of (NP Free France )NP )PP )NP )PP )NP )NP )VP )VP )S )VP )S )VP . )S  STOP
(S (PP In (NP (NP *UNKC Bogart 's )NP *UNK )NP )PP , (NP Victor *UNKC )NP (VP leads (NP Free French *UNK )NP (PP in `` (NP La *UNKC )NP '' )PP (S (VP to (VP *UNK (PRT out )PRT (NP the *UNKC )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP The night )NP (SBAR (S (NP the Germans )NP (VP *UNKED (NP (NP all )NP (PP of (NP France )NP )PP )NP )VP )S )SBAR )NP , (NP Baker )NP (VP performed (PP in (NP *UNKC )NP )PP )VP . )S  STOP
(S (S (NP The Free French )NP (VP *UNK (NP black arm *UNK )NP )VP )S , and (S (SBAR (WHADVP when )WHADVP (S (NP she )NP (VP *UNK `` (NP *UNKC *UNK *UNK )NP '' )VP )S )SBAR (NP they )NP (VP *UNK )VP )S . )S  STOP
(S (NP Ms. Rose )NP (VP is (ADJP best )ADJP (PP on (NP (NP the early years )NP and (NP World War II )NP )NP )PP )VP . )S  STOP
(S (S (PP In (NP her introduction )NP )PP , (NP Ms. Rose )NP (VP writes (SBAR that (S (NP she )NP (VP feels (SBAR (S (NP she )NP (VP has (NP (NP much )NP (PP in (NP (NP common )NP (PP with (NP Baker )NP )PP )NP )PP )NP )VP )S )SBAR )VP )S )SBAR )VP )S , but (S (SBAR as (S (NP `` *UNKC *UNKC '' )NP (VP goes (PRT on )PRT )VP )S )SBAR , (NP it )NP (VP seems (ADJP more rushed )ADJP , (SBAR as though (S (NP the author )NP (VP were (VP growing (ADJP less interested )ADJP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP It )NP (VP does n't (VP help (SBAR that (S (ADVP sometimes )ADVP (NP (NP Ms. Rose 's )NP language )NP (VP fails (S (VP to (VP deliver (NP (NP the effect )NP (SBAR (S (NP she )NP (VP appears (S (VP to (VP want )VP )VP )S )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP One *UNK )NP (VP opens : `` (S (NP World War II )NP (VP was not (NP (NP one )NP (PP of (NP (NP France 's )NP *UNK moments )NP )PP )NP )VP )S )VP . '' )S  STOP
(S (ADVP Elsewhere )ADVP , (PP in (NP an attempt (S (VP to (VP explain (PP without (S (VP *UNKING (NP it )NP (ADVP *UNKLY )ADVP )VP )S )PP (SBAR that (S (NP Baker )NP (VP had (NP a large *UNK following )NP (ADVP later (PP in (NP her career )NP )PP )ADVP (SBAR (WHADVP when )WHADVP (S (NP she )NP (VP was (NP an (NX (NX *UNKED singer )NX (CONJP rather than )CONJP (NX *UNKED *UNK )NX )NX )NP )VP )S )SBAR )VP )S )SBAR )VP )VP )S )NP )PP , (NP Ms. Rose )NP (VP writes : `` (S (NP She )NP (VP was (NP (NP a female *UNK )NP (SBAR (WHNP who )WHNP (S (VP happened (S (VP to (VP be (NP a woman )NP )VP )VP )S )VP )S )SBAR )NP )VP )S )VP . '' )S  STOP
(S (NP (NP One devoted fan )NP (SBAR (WHNP who )WHNP (S (VP (VP fell (PP under (NP (NP Baker 's )NP *UNK )NP )PP (PP in (NP *UNKN )NP )PP )VP and (VP began (S (VP collecting (NP Baker *UNK )NP )VP )S )VP )VP )S )SBAR )NP (VP was (NP *UNKC *UNKC )NP )VP . )S  STOP
(S (PP In (NP `` (NP *UNKC Baker )NP '' (PRN -LRB- (NP (NP Jonathan *UNKC )NP , (NP *UNKN pages )NP , (NP $ 35 )NP )NP -RRB- )PRN , (SBAR (WHNP which )WHNP (S (VP was (VP (VP published (PP in (NP Britain )NP )PP (NP last year )NP )VP and (VP distributed (PP in (NP the U.S. )NP )PP (NP this month )NP )VP )VP )VP )S )SBAR , )NP )PP (NP Mr. *UNKC )NP (VP has (VP used (NP his collection )NP (S (VP to (VP produce (NP (NP an *UNK )NP (PP of (NP (NP *UNK and *UNK )NP (PP of (NP the star )NP )PP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP (NP The text )NP (PP by (NP Patrick *UNKC )NP )PP )NP (VP is (NP a tough read )NP )VP )S , but (S (NP the pictures )NP (VP (VP make (S (NP her *UNK )NP (ADJP clear )ADJP )S )VP and (VP help (S (VP explain (SBAR (WHADVP why )WHADVP (S (NP *UNKC *UNKC )NP (VP called (S (NP Baker )NP `` (NP (NP The most *UNK woman )NP (SBAR (S (NP anybody )NP (ADVP ever )ADVP (VP saw )VP )S )SBAR )NP )S )VP )S )SBAR )VP )S )VP )VP )S . )S  STOP
(FRAG Or (ADVP ever )ADVP (VP will )VP . '' )FRAG  STOP
(S (NP Mr. *UNKC )NP (VP is (NP (NP foreign editor )NP (PP of (NP the Journal )NP )PP )NP )VP . )S  STOP
(S (NP Manville )NP , (S (VP having (VP rid (NP itself )NP (PP of (NP asbestos )NP )PP )VP )VP )S , (ADVP now )ADVP (VP sells (NP (NP *UNK )NP , (NP forest products )NP , (NP *UNK )NP and (NP industrial goods )NP )NP )VP . )S  STOP
(S (NP *UNKC stuff )NP (NP it )NP (VP 's not )VP . )S  STOP
(S But (S (NP (NP Manville 's )NP ownership )NP (VP is (ADJP unusual )ADJP )VP )S , and (S (NP it )NP (VP has (VP caught (NP (NP the eye )NP (PP of (NP some (ADJP (ADJP *UNK )ADJP (PRN -- and (ADJP patient )ADJP -- )PRN )ADJP investors )NP )PP )NP )VP )VP )S . )S  STOP
(S (NP (NP The *UNKED concern )NP , (SBAR (WHNP which )WHNP (S (VP emerged (PP from (NP bankruptcy-law proceedings )NP )PP (NP late last year )NP )VP )S )SBAR , )NP (VP is (VP controlled (PP by (NP the Manville Personal *UNKC *UNKC Trust )NP )PP )VP )VP . )S  STOP
(S (NP (NP The trust )NP , (SBAR (WHNP which )WHNP (S (VP owns (NP (NP 80 % )NP (PP of (NP (NP Manville 's )NP stock )NP )PP )NP (PP on (NP a (ADJP fully diluted )ADJP basis )NP )PP )VP )S )SBAR , )NP (VP is (NP (NP a separate legal entity )NP (SBAR (WHNP that )WHNP (S (VP is (VP settling (NP claims )NP (PP with (NP asbestos victims )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (SBAR (UCP (WHADVP When )WHADVP and if )UCP (S (NP the trust )NP (VP (VP runs (PRT out )PRT (PP of (NP cash )NP )PP )VP -- (SBAR (WHNP which )WHNP (S (VP seems (ADJP increasingly likely )ADJP )VP )S )SBAR -- )VP )S )SBAR (NP it )NP (VP will (VP need (S (VP to (VP convert (NP its Manville stock )NP (PP to (NP cash )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S But (PP as (NP an (ADJP 80 % )ADJP owner )NP )PP , (SBAR if (S (NP it )NP (VP tried (S (VP to (VP sell (NP (NP much )NP (PP of (NP its stock )NP )PP )NP (PP in (NP the market )NP )PP )VP )VP )S )VP )S )SBAR , (NP it )NP (VP would (ADVP likely )ADVP (VP *UNK (NP (NP the price )NP (PP of (NP its shares )NP )PP )NP )VP )VP . )S  STOP
(S (NP Some investors )NP (VP say (SBAR (S (NP there )NP (VP is (NP a good chance (SBAR that (S (NP the trust )NP (VP will , (ADVP instead )ADVP , (VP seek (S (VP to (VP convert (NP (NP the company 's )NP shares )NP (PP to (NP cash )NP )PP , (PP in (NP (NP some sort )NP (PP of (NP (NP friendly restructuring )NP (SBAR (WHNP that )WHNP (S (VP would n't (VP involve (S (ADVP just )ADVP (VP *UNKING (NP stock )NP (PP on (NP the market )NP )PP )VP )S )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP Their principal asset )NP (VP is (NP Manville common stock )NP )VP )S , '' (VP says )VP (NP (NP Jeffrey *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP runs (NP (NP *UNKC Associates )NP , (NP (NP an investment fund )NP (SBAR (WHNP that )WHNP (S (VP owns (NP Manville shares )NP )VP )S )SBAR )NP )NP )VP )S )SBAR )NP . )SINV  STOP
(S `` (SBAR If (S (NP they )NP (VP tried (S (VP to (VP sell )VP )VP )S )VP )S )SBAR , (NP they )NP (VP 'd (VP be (VP *UNKING (NP their own *UNK )NP )VP )VP )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (VP makes (NP the most sense )NP )VP )S )SBAR (VP is (S (VP to (VP find (NP (NP someone )NP (SBAR (WHNP who )WHNP (S (VP wants (S (VP to (VP (VP buy (NP the whole company )NP )VP or (VP cause (NP (NP a recapitalization )NP (PP of (NP all shares )NP )PP )NP )VP )VP )VP )S )VP )S )SBAR )NP )VP )VP )S )VP . '' )S  STOP
(S (NP The trust )NP (VP is n't (VP *UNKING (PP on (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP might (VP need (S (VP to (VP *UNK (NP its Manville stock )NP )VP )VP )S )VP )VP )S )SBAR )PP )VP )VP . )S  STOP
(S (ADVP However )ADVP , (NP (NP (NP the trust 's )NP cash flow )NP (PP from (NP investments )NP )PP )NP (VP is (ADJP far short (PP of (NP (NP its payments )NP (PP to (NP asbestos victims )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (NP Its cash and liquid securities )NP (VP fell (PP by (NP (QP $ *UNKN million )QP )NP )PP (PP in (NP (NP the first six months )NP (PP of (NP 1989 )NP )PP )NP )PP )VP . )S  STOP
(S (NP The trust )NP (ADVP also )ADVP (VP will (VP receive (NP (NP (QP $ 75 million )QP )NP (NP a year )NP )NP (PP starting (PP in (NP 1991 )NP )PP )PP (PP on (NP (NP a bond )NP (SBAR (S (NP it )NP (VP holds )VP )S )SBAR (PP from (NP Manville )NP )PP )NP )PP )VP )VP . )S  STOP
(S And , (PP beginning (PP in (NP 1992 )NP )PP )PP , (NP it )NP (VP will (VP have (NP (NP a claim )NP (PP on (NP (NP (QP as much as 20 )QP % )NP (PP of (NP (NP Manville 's )NP annual net income )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (ADVP Even so )ADVP , (NP the trust )NP (VP would (VP seem (S (VP to (VP be (VP facing (NP a cash crunch )NP )VP )VP )VP )S )VP )VP . )S  STOP
(S (PP As (PP of (NP June 30 )NP )PP )PP , (NP it )NP (VP had (VP settled (NP (NP (QP only about 15,000 )QP )NP (PP of (NP (NP the *UNKN received claims )NP (PP from (NP asbestos victims )NP )PP )NP )PP )NP , (PP for (NP (NP an average )NP (PP of (NP (NP $ *UNKN )NP (NP each )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S -LRB- (NP The average )NP (VP should (VP drop (PP over (NP time )NP )PP , (SBAR since (S (NP the (ADJP most expensive )ADJP claims )NP (VP are (VP being (VP settled (ADVP first )ADVP )VP )VP )VP )S )SBAR )VP )VP -RRB- . )S  STOP
(S And (PP as (PP of (NP *UNK )NP )PP )PP , (NP (ADJP settled but *UNK )ADJP claims )NP (VP amounted (PP to (NP (NP (QP $ *UNKN million )QP )NP -- (NP (NP (QP more than half )QP (NP the trust 's )NP total )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP (NP cash )NP and (NP *UNK securities )NP )NP )PP )NP )PP )NP )NP )PP )VP . )S  STOP
(S `` (S (PP At (NP some point )NP )PP , (NP we )NP (VP 're (VP going (S (VP to (VP need (NP (NP an *UNK )NP (PP of (NP funds )NP )PP )NP )VP )VP )S )VP )VP )S , '' (NP (NP a person )NP (ADJP close (PP to (NP the trust )NP )PP )ADJP )NP (VP says )VP . )S  STOP
(S (PP Even before (NP then )NP )PP , (NP the trust )NP (VP may (VP be (ADJP eager (S (VP to (VP *UNK (NP Manville stock )NP )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (S (NP It )NP (VP does n't (VP pay (NP a dividend )NP )VP )VP )S , and (S (NP this trust )NP (VP needs (NP income )NP )VP )S . )S  STOP
(S (ADVP Moreover )ADVP , (SBAR with (S (NP (NP 88 % )NP (PP of (NP its assets )NP )PP )NP (VP tied (PRT up )PRT (PP in (NP Manville )NP )PP )VP )S )SBAR , (NP the trust )NP (VP is (PP (ADVP badly )ADVP in (NP (NP need )NP (PP of (NP diversification )NP )PP )NP )PP )VP . )S  STOP
(S `` (S (ADVP Obviously )ADVP , (NP a diversified portfolio )NP (VP would (VP have (NP less risk )NP )VP )VP )S , '' (NP (NP the person )NP (ADJP close (PP to (NP the trust )NP )PP )ADJP )NP (VP says )VP . )S  STOP
(S (NP (NP Manville )NP (NP itself )NP )NP (VP does n't (VP rule (PRT out )PRT (NP a restructuring )NP )VP )VP . )S  STOP
(S (SBAR Though (S (NP (NP the ink )NP )NP (VP is (ADJP barely dry )ADJP (PP on (NP its new , *UNK- law structure )NP )PP )VP )S )SBAR , (NP (NP Bill *UNKC )NP , (NP (NP (NP Manville 's )NP head )NP (PP of (NP investor relations )NP )PP )NP , )NP (VP says (SBAR (S (NP the company )NP (VP is (ADVP *UNKLY )ADVP (VP *UNKING `` (SBAR whether (S (NP there )NP (VP is (NP (NP a better way )NP (SBAR (S (VP to (VP be (VP structured )VP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP We )NP (VP understand (SBAR that (S (NP the trust )NP (VP is (ADVP ultimately )ADVP (VP going (S (VP to (VP need (S (VP to (VP sell (NP (NP some )NP (PP of (NP our shares )NP )PP )NP )VP )VP )S )VP )VP )S )VP )VP )S )SBAR )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (PP Of (NP course )NP )PP , (NP one option )NP (VP would (VP be (SBAR for (S (NP Manville )NP (VP to (VP (VP buy (PRT out )PRT (NP (NP the trust 's )NP shares )NP )VP -- (SBAR (WHNP which )WHNP (S (VP would (VP do (NP little )NP (S (VP to (VP benefit (NP public stockholders )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S But (NP the trust )NP , (PP in (NP most cases )NP )PP , (VP is (VP *UNK (PP from (S (VP seeking (NP (NP a buyer )NP (PP for (NP only its shares )NP )PP )NP (PP before (NP November 1993 )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S And (NP both (NP the trust )NP and (NP Manville )NP )NP (VP are (VP seeking (S (VP to (VP avoid (NP (NP the bad publicity )NP (SBAR (WHNP that )WHNP (S , (PP in (NP the asbestos era )NP )PP , (VP *UNKED (NP the Manville name )NP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP Thus )ADVP (PRN , (S (NP analysts )NP (VP say )VP )S , )PRN (NP the trust )NP (VP is (ADJP unlikely (S (VP to (VP do (NP (NP anything )NP (SBAR (WHNP that )WHNP (S (VP would (VP hurt (NP (NP Manville 's )NP other shareholders )NP )VP )VP )S )SBAR )NP )VP )VP )S )ADJP )VP . )S  STOP
(S `` (S (NP This )NP (VP is (NP (NP a rare case )NP (PP of (NP (NP a company )NP (PP with (NP a big majority holder )NP )PP (SBAR (WHNP which )WHNP (S (VP will (ADVP probably )ADVP (VP act (PP in (NP (NP the interests )NP (PP of (NP the minority holders )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP )S , '' (NP one investor )NP (VP says )VP . )S  STOP
(S (SBAR Even if (S (NP there )NP (VP is (NP no restructuring )NP )VP )S )SBAR , (NP Manville )NP (VP seems (S (VP to (VP be (ADJP attractive )ADJP (ADVP long-term )ADVP )VP )VP )S )VP . )S  STOP
(S (NP Its stock )NP , (PP at (NP 9 5\/8 )NP )PP , (VP trades (PP at (NP (NP (QP about 8 1\/2 times )QP estimated 1989 earnings )NP -- (NP (NP an *UNKLY low multiple )NP (PP for (NP (NP a company )NP (PP with (NP *UNK- customers )NP )PP )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP says (SBAR (S (NP (NP 45 % )NP (PP of (NP revenues )NP )PP )NP (VP are (VP tied (PP to (NP construction )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Analysts )NP (VP predict (NP little or no near-term growth )NP )VP . )S  STOP
(S (NP They )NP (VP are , (ADVP nonetheless )ADVP , (ADJP high (PP on (NP (NP Manville 's )NP management )NP )PP )ADJP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's (NP (NP one )NP (PP of (NP the best )NP )PP (PP in (NP the business )NP )PP )NP )VP )S , '' (VP says )VP (NP Salomon Brothers analyst Stephen *UNKC )NP . )SINV  STOP
(S And (NP he )NP (VP says (SBAR (S (NP Manville )NP (VP has (NP (NP the financial flexibility )NP (SBAR (S (VP to (VP buy (NP other companies )NP (PP at (NP (NP the (ADJP best possible )ADJP moment )NP (SBAR (WHADVP when )WHADVP (S (NP other *UNKED firms )NP (VP are (VP (VP hurting )VP and (VP selling (ADVP cheap )ADVP )VP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (PP With (NP (NP (NP a conservative *UNK- ratio )NP (PP of (NP *UNKN )NP )PP )NP -- and (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP cash )NP )PP )NP -- )NP )PP (NP Manville )NP (VP is (ADVP indeed )ADVP (PP (ADVP actively )ADVP on (NP the *UNK )NP )PP )VP . )S  STOP
(S (ADVP So far )ADVP , (PP as (NP a *UNK- *UNK )NP )PP , (NP Manville )NP (VP has n't (VP bought (NP much )NP )VP )VP . )S  STOP
(S (NP (NP Paul *UNKC )NP , (NP (NP an analyst )NP (PP at (NP *UNKC & *UNKC )NP )PP )NP , )NP (VP says , `` (S (SBAR Even though (S (NP they )NP (VP have (NP borrowing power )NP )VP )S )SBAR , (NP they )NP (VP have (VP been (VP *UNKED (PP about (NP acquisitions )NP )PP )VP )VP )VP )S )VP . '' )S  STOP
(S And (NP Mr. *UNKC )NP (VP says (SBAR that (S (PP with (NP (NP 80 % )NP (PP of (NP its stock )NP )PP (PP in (NP friendly hands )NP )PP )NP )PP , (NP Manville )NP (VP is (NP (NP the rare (ADJP publicly traded )ADJP company )NP (SBAR (WHNP that )WHNP (S (VP can (VP (VP ignore (NP short-term stock fluctuations )NP )VP and (VP plan (PP for (NP the long *UNK )NP )PP )VP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(NP (NP Manville )NP (PRN -LRB- (NP (NP NYSE )NP ; (NP (NP *UNKC )NP : (NP *UNKC )NP )NP )NP -RRB- )PRN )NP  STOP
(NP (NP Business )NP : (NP (NP Forest products )NP and (NP *UNKING )NP )NP )NP  STOP
(NP (NP (NP Year )NP (VP ended (NP Dec. 31 , 1988 )NP )VP )NP : (NP (NP (NP Sales )NP : (NP (QP $ *UNKN billions )QP )NP )NP (NP (NP Net loss )NP : (NP (QP $ *UNKN billion )QP )NP (X \* )X )NP )NP )NP  STOP
(NP (NP (NP Third quarter )NP , (NP Sept. 30 , 1989 )NP )NP : (NP (NP Per-share earnings )NP : (NP (NP 30 cents )NP (PP vs. (NP 44 cents )NP )PP (X *UNK )X )NP )NP )NP  STOP
(NP (NP Average daily trading volume )NP : (NP *UNKN shares )NP )NP  STOP
(NP (NP (NP *UNKC shares )NP (ADJP outstanding )ADJP )NP : (NP (QP 120 million )QP )NP )NP  STOP
(FRAG (X \* )X (VP *UNKC (NP $ *UNKN billion extraordinary charge )NP )VP . )FRAG  STOP
(S (X *UNK )X (NP (ADJP Year ago )ADJP figure )NP (VP is (VP restated )VP )VP . )S  STOP
(S (NP (NP *UNKC Electric Co. )NP and (NP Robert *UNKC *UNKC )NP )NP (VP said (SBAR (S (NP the Federal Trade Commission )NP (VP has (VP requested (NP (NP additional information )NP )NP (PP from (NP the two companies )NP )PP (PP about (NP their announced intention (S (VP to (VP acquire (NP Vermont American Corp. )NP (PP for (NP (NP (NP $ 40 )NP (NP a share )NP )NP , or (NP (QP about $ *UNKN million )QP )NP )NP )PP )VP )VP )S )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Yesterday )NP , (PP in (NP (NP composite trading )NP (PP on (NP the American Stock Exchange )NP )PP )NP )PP , (NP Vermont American common )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP off (NP 25 cents )NP )ADVP )VP . )S  STOP
(S (S (NP (NP The FTC 's )NP request )NP (VP was `` (ADJP not unusual )ADJP '' )VP )S and (S (NP *UNKC )NP (VP will (VP make (NP a `` (ADJP full and prompt )ADJP '' response )NP )VP )VP )S , (PP according (PP to (NP a spokesman )NP )PP )PP . )S  STOP
(S (NP (NP *UNKC )NP (PP for (NP (NP *UNKC )NP and (NP (NP Vermont American )NP , (SBAR (WHNP which )WHNP (S (VP has (VP agreed (S (VP to (VP be (VP acquired )VP )VP )VP )S )VP )VP )S )SBAR , )NP )NP )PP )NP (VP said (SBAR (S (NP they )NP (VP do n't (VP anticipate (NP `` (NP any problems )NP '' (PP with (NP (NP the completion )NP (PP of (NP the transaction )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP An FTC spokesman )NP (VP (VP said (SBAR (S (NP the matter )NP (VP is `` (PP in (NP a *UNK- *UNK )NP )PP (PP at (NP this time )NP )PP '' )VP )S )SBAR )VP and (VP declined (S (VP to (VP comment (ADVP further )ADVP )VP )VP )S )VP )VP . )S  STOP
(S (NP *UNKC and *UNKC )NP , (PP through (NP (NP their joint acquisition arm )NP , (NP *UNKC Acquisition )NP , )NP )PP (VP have (VP begun (NP (NP a cash tender offer )NP (PP for (NP (NP all )NP (PP of (NP (NP (NP Vermont 's )NP common shares )NP (ADJP outstanding )ADJP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP (NP The offer )NP , (VP set (S (VP to (VP expire (NP Nov. 1 )NP )VP )VP )S )VP , )NP (VP may (VP be (VP extended (PP pending (NP (NP the timing and resolution )NP (PP of (NP the FTC request )NP )PP )NP )PP )VP )VP )VP )S , (NP the companies )NP (VP said )VP . )S  STOP
(S (NP (NP (ADJP St. *UNKED )ADJP *UNKC )NP and (NP *UNKED *UNKC )NP )NP (VP make (NP (NP (ADJP electrical and electronic )ADJP products )NP , (PP including (NP power tools )NP )PP )NP )VP . )S  STOP
(S (NP The Vermont American acquisition )NP (VP is (VP designed (S (VP to (VP enhance (NP (NP their position )NP (PP in (NP (NP the *UNK portion )NP (PP of (NP the *UNK- industry )NP )PP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Santa Fe Pacific Corp. )NP (VP is (VP preparing (NP a plan (S (VP to (VP (VP sell (NP (NP a (ADJP 20 % )ADJP stake )NP (PP in (NP its large real estate unit )NP )PP )NP (PP to (NP a California public employee pension fund )NP )PP (PP for (NP (QP $ 400 million )QP )NP )PP )VP , (SBAR (WHPP after (WHNP which )WHNP )WHPP (S (NP it )NP (VP would (VP spin (PRT off )PRT (NP the *UNK operation )NP (PP to (NP shareholders )NP )PP )VP )VP )S )SBAR )VP )VP )S )NP )VP )VP . )S  STOP
(S (NP The plan )NP (VP places (NP (NP an indicated value )NP )NP (PP on (NP (NP the real estate operation )NP , (NP Santa Fe Pacific Realty Corp. )NP , )NP )PP (PP of (NP (QP $ 2 billion )QP )NP )PP )VP . )S  STOP
(S (NP Santa Fe Pacific directors )NP (VP are (VP expected (S (VP to (VP review (NP the plan )NP (PP at (NP a meeting )NP )PP (NP today )NP )VP )VP )S , (PP according (PP to (NP (NP people )NP (ADJP familiar (PP with (NP the transaction )NP )PP )ADJP )NP )PP )PP )VP )VP . )S  STOP
(S (SBAR If (S (VP approved )VP )S )SBAR , (NP the sale )NP (VP is (VP expected (S (VP to (VP close (PP by (NP (NP year 's )NP end )NP )PP , (PP with (S (NP the spinoff )NP (VP *UNKING (PP by (NP (NP the end )NP (PP of (NP 1992 )NP )PP )NP )PP )VP )S )PP )VP )VP )S )VP )VP . )S  STOP
(S (PP In (NP (NP composite trading )NP (PP on (NP the New York Stock Exchange )NP )PP )NP )PP (NP yesterday )NP , (NP Santa Fe Pacific )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP down (NP 25 cents )NP )ADVP )VP . )S  STOP
(S (NP Santa Fe Pacific Realty )NP (VP is (NP (NP a major California land and building owner )NP (SBAR (WHNP whose prime properties )WHNP (S (VP include (NP (NP (NP *UNKN *UNKED acres )NP (PP in (NP the San Francisco Bay area )NP )PP )NP , and (NP several office sites )NP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP A spokesman )NP (VP said (SBAR (S (NP the properties )NP (VP survived (PP without (NP significant damage )NP )PP (PP in (NP (NP last week 's )NP Northern California earthquake )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP As (NP (NP a result )NP (PP of (NP the (NX (NX partial sale )NX and (NX spinoff )NX )NX )NP )PP )NP )PP , (NP the (ADJP (QP $ 56 billion )QP )ADJP California Public Employees Retirement System )NP (VP would (VP obtain (NP (NP two seats )NP (PP on (NP (NP the board )NP (PP of (NP the real estate operation )NP )PP )NP )PP )NP , (PP according (PP to (NP (NP officials )NP (PP of (NP the fund )NP )PP , (SBAR (WHNP who )WHNP (S (VP described (NP the plan )NP )VP )S )SBAR )NP )PP )PP )VP )VP . )S  STOP
(S (NP (NP A spokesman )NP (PP for (NP Chicago-based Santa Fe Pacific )NP )PP )NP (VP confirmed (SBAR that (S (NP negotiations )NP (VP were (VP being (VP held (PP with (NP the fund )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(SINV (ADVP Also )ADVP (VP holding (NP (NP two seats )NP (NP each )NP (PP on (NP the board )NP )PP )NP )VP (PRN , (S (NP they )NP (VP said )VP )S , )PRN (VP would (VP be )VP )VP (NP (NP (NP *UNKC & York *UNKC Ltd. )NP , (VP controlled (PP by (NP (NP the *UNKC family )NP (PP of (NP Canada )NP )PP )NP )PP )VP , )NP and (NP (NP *UNKC Corp. )NP , (VP controlled (PP by (NP Chicago businessman Sam *UNKC )NP )PP )VP )NP )NP . )SINV  STOP
(S (NP (NP (NP The *UNKC )NP and (NP Mr. *UNKC )NP )NP , (NP (NP the largest holders )NP (PP of (NP Santa Fe Pacific stock )NP )PP )NP , )NP (VP have (VP been (VP looking (PP for (NP (NP ways )NP (SBAR (S (VP to (VP raise (NP (NP the value )NP (PP of (NP their investments )NP )PP )NP )VP )VP )S )SBAR , (PP including (NP possible *UNK )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (S (S (NP *UNKC )NP (VP bought (NP (NP a (ADJP 17 % )ADJP stake )NP (PP in (NP *UNKC Fe Pacific )NP )PP )NP (NP last year )NP )VP )S and (S (NP Olympia & York )NP (ADVP later )ADVP (VP purchased (NP about a (ADJP 20 % )ADJP stake )NP )VP )S )S ; (S (NP they )NP (VP would (VP have (NP (NP interests )NP (PP in (NP the new *UNK company )NP )PP (PP in (NP (NP line )NP (PP with (NP (NP their holdings )NP (PP in (NP *UNKC Fe Pacific )NP )PP )NP )PP )NP )PP )NP )VP )VP )S . )S  STOP
(S (NP (NP The sale and spinoff )NP (PP of (NP the real estate unit )NP )PP )NP (VP is (NP (NP the first phase )NP (PP of (SBAR (WHNP what )WHNP (S (VP could (VP lead (PP to (NP (NP the breakup )NP (PP of (NP Santa Fe Pacific )NP )PP (PP into (NP (NP *UNKING companies )NP (PP for (NP (NP its railroad and energy operations )NP , (CONJP as well as )CONJP (NP real estate )NP )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )PP )NP )VP . )S  STOP
(S (NP The *UNK- parent )NP (VP has (VP been (PP under (NP (NP pressure )NP (PP from (NP large shareholders )NP )PP (S (VP to (VP boost (NP (NP the company 's )NP share price )NP )VP )VP )S )NP )PP )VP )VP . )S  STOP
(S (PP At (NP the same time )NP )PP (NP it )NP (VP has (VP been (VP caught (PP in (NP an earnings squeeze )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP (NP The California pension fund 's )NP planned investment )NP (PP in (NP the real estate unit )NP )PP )NP (VP is (ADJP unusual )ADJP )VP . )S  STOP
(S (NP Pension funds )NP (ADVP rarely )ADVP (VP own (NP (NP as much )NP (PP as (NP (NP a (ADJP 20 % )ADJP stake )NP (PP in (SBAR (WHNP what )WHNP (S (VP is (VP expected (S (VP to (VP be (NP a (ADJP publicly traded )ADJP company )NP )VP )VP )S )VP )VP )S )SBAR )PP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP pension funds )NP (VP (VP are rarely (VP given (NP (NP seats )NP (PP on (NP company boards )NP )PP )NP )VP )VP and (VP (ADVP most often )ADVP try (S (VP to (VP avoid (NP them )NP (PP because of (NP legal concerns )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S But (NP fund officials )NP (VP said (SBAR (S (NP the Santa Fe Pacific Realty investment )NP (VP provides (NP an opportunity (S (VP to (VP buy (NP (NP a stake )NP (PP in (NP (NP a large real estate portfolio )NP (VP (ADVP heavily )ADVP weighted (PP with (NP California properties )NP )PP )VP )NP )PP )NP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP It )NP (ADVP also )ADVP (VP marks (NP (NP a `` major commitment )NP (PP to (NP (NP -LCB- real estate -RCB- development )NP , (SBAR (WHNP which )WHNP (S (NP we )NP (VP have n't (VP been (VP involved (PP with )PP (ADVP before )ADVP )VP )VP )VP )S )SBAR )NP )PP )NP )VP )S , '' (VP said )VP (NP (NP Dale *UNKC )NP , (NP (NP the fund 's )NP executive director )NP )NP . )SINV  STOP
(S (PP Under (NP the proposed plan )NP )PP , (NP the fund )NP (VP would (ADVP also )ADVP (VP lend (NP Santa Fe Pacific Realty )NP (NP (QP $ 75 million )QP )NP (PP in (NP (NP the form )NP (PP of (NP (NP a note )NP (SBAR (WHNP that )WHNP (S (VP would (VP be (ADJP convertible (PP into (NP (NP additional shares )NP (PP of (NP the *UNK company )NP )PP )NP )PP )ADJP (PP after (NP the second year )NP )PP (PP at (NP the *UNKING market price )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The note )NP (VP would (VP *UNK (NP (NP interest )NP )NP (PP at (NP (NP the rate )NP (PP of (NP (NP 13.5 % )NP (NP a year )NP )NP )PP )NP )PP , (SBAR (WHNP which )WHNP (S (VP would (VP be (ADJP payable (PP to (NP the fund )NP )PP )ADJP (PP after (NP five years )NP )PP )VP )VP )S )SBAR , (PP according (PP to (NP (NP Stephen E. *UNKC )NP , (NP (NP a real estate consultant )NP (VP working (PP for (NP the fund )NP )PP )VP )NP )NP )PP )PP )VP )VP . )S  STOP
(S (S (NP (NP The purpose )NP (PP of (NP the note )NP )PP )NP (VP is (S (VP to (VP provide (NP added capital )NP (PP for (NP the *UNK- company )NP )PP (PP in (NP (NP a form )NP (SBAR (WHNP that )WHNP (S (VP will (VP save (NP it )NP (S (VP spending (NP cash )NP (PP on (NP immediate interest payments )NP )PP )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )S , (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (S (NP The *UNK- concern )NP `` (ADVP clearly )ADVP (VP will (VP be (NP (NP one )NP (PP of (NP the dominant real estate development companies )NP )PP (PP with (NP a prime portfolio )NP )PP )NP )VP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (PP For (NP the last year )NP )PP , (NP Santa Fe Pacific )NP (VP has (VP *UNKED (NP its real estate operations )NP (PP toward (NP (NP *UNK- development )NP (PP of (NP its properties )NP )PP )NP )PP , (S (VP hurting (NP (NP profits )NP (SBAR (WHNP that )WHNP (S (NP the parent )NP (VP had (VP generated (PP in (NP the past )NP )PP (PP from (NP (NP *UNK sales )NP (PP from (NP its portfolio )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )S )VP )VP . )S  STOP
(S (S (NP (NP Real estate operating income )NP (PP for (NP the first nine months )NP )PP )NP (VP fell (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (PP In (NP a statement )NP )PP (NP late yesterday )NP , (NP (NP (NP Santa Fe Pacific 's )NP chairman )NP , (NP Robert D. *UNKC )NP , )NP (VP said (SBAR that (S (NP Santa Fe Pacific Realty )NP (VP would (VP repay (NP (NP (QP more than $ 500 million )QP )NP (PP in (NP (NP debt )NP (VP owed (PP to (NP the parent )NP )PP )VP )NP )PP )NP (PP before (NP the planned spinoff )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP would (VP help (VP reduce (NP (NP Santa Fe Pacific 's )NP remaining debt )NP (PP to (NP (QP about $ 600 million )QP )NP )PP (PP from (NP (NP a high )NP (PP of (NP (QP $ 3.7 billion )QP )NP )PP (PP in (NP early 1988 )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP was n't (ADJP clear )ADJP (SBAR (WHADVP where )WHADVP (S (NP Santa Fe Pacific )NP (VP expected (S (VP to (VP obtain (NP (NP the payment )NP (PP of (NP (NP (QP more than $ 500 million )QP )NP , (SBAR (WHNP which )WHNP (S (VP would (VP be (PP well above (NP (NP the (QP $ 400 million )QP )NP (SBAR (WHNP that )WHNP (S (NP California pension fund officials )NP (VP say (SBAR (S (NP they )NP (VP plan (S (VP to (VP provide )VP )VP )S )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNK unit )NP (VP might (VP (VP take (PRT on )PRT (NP new debt )NP )VP or (VP obtain (NP additional investors )NP )VP , (PP among (NP other possibilities )NP )PP )VP )VP . )S  STOP
(S (NP The Santa Fe Pacific spokesman )NP (VP declined (S (VP to (VP comment (PP on (NP that aspect )NP )PP )VP )VP )S , (S (VP saying (SBAR (S (NP the deal )NP (VP was (ADVP still )ADVP (PP under (NP negotiation )NP )PP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP Santa Fe Pacific Realty )NP (VP owns (NP (NP (NP 2.8 million )NP acres )NP (PP of (NP property )NP )PP , (PP including (NP (NP *UNKN buildings )NP (PP with (NP (NP (QP more than 11 million )QP square feet )NP (PP of (NP space )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (S (NP It )NP (ADVP also )ADVP (VP holds (NP (NP (QP nearly 40,000 )QP acres )NP (PP of (NP (NP raw land )NP (PP with (NP development potential )NP )PP )NP )PP )NP )VP )S , but (S (PP under (NP a (ADJP previously announced )ADJP strategy )NP )PP , (NP the company )NP (VP has (VP targeted (S (VP building (PP on (NP (NP *UNKN acres )NP (PP in (NP (NP California )NP , (NP Arizona )NP and (NP the Chicago area )NP )NP )PP )NP )PP )VP )S )VP )VP )S . )S  STOP
(SINV (PP Among (NP those )NP )PP (VP are )VP (NP (NP the 1,850 acres )NP (PP in (NP the San Francisco Bay area )NP )PP , (PP including (NP (NP *UNKN acres )NP (PP in (NP the *UNKC Bay area )NP )PP )NP )PP )NP . )SINV  STOP
(S (NP (NP The California pension fund )NP , (SBAR (WHNP which )WHNP (S (VP has (NP (NP (QP $ 16 billion )QP )NP (VP (ADVP already )ADVP invested (PP in (NP (NP real estate )NP and (NP mortgages )NP )NP )PP )VP )NP )VP )S )SBAR , )NP (VP could (VP be (NP (NP a valuable funding source )NP (PP for (NP that development )NP )PP )NP , (SBAR although (S (NP it )NP (VP is n't (ADJP *UNKED (S (VP to (VP make (NP further investments )NP )VP )VP )S )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP The fund )NP (VP is (NP (NP the nation 's )NP largest public employee fund )NP )VP )S , and (S (NP it )NP (VP has (NP (NP a growing cash flow )NP (VP (ADVP now )ADVP *UNKING (NP (NP (QP $ 3 billion )QP )NP (NP a year )NP )NP )VP )NP )VP )S . )S  STOP
(S (S (NP Fund officials )NP (VP negotiated (NP (NP the final structure )NP (PP of (NP the proposed deal )NP )PP )NP (PP with (NP Santa Fe Pacific )NP )PP )VP )S , but (S (NP they )NP (VP were (VP approached (PP with (NP the idea )NP )PP (PP by (NP (NP real estate brokers *UNKC Realty Corp. )NP (PP of (NP Chicago )NP )PP )NP )PP )VP )VP )S . )S  STOP
(S (NP *UNKC officials )NP (VP are (VP expected (S (VP to (VP be (VP hired (S (VP to (VP represent (NP the pension fund )NP (PP on (NP the Santa Fe Pacific Realty board )NP )PP )VP )VP )S (PRN , (S (NP Mr. *UNKC )NP (VP said )VP )S , )PRN (S (VP to (VP *UNK (NP the fund )NP (PP from (NP potential liability problems )NP )PP )VP )VP )S )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP GAF )NP , (NP Part III )NP )NP (VP is (VP scheduled (S (VP to (VP begin (NP today )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP After (NP two *UNK )NP )PP , (NP (NP the stakes )NP (PP in (NP (NP the stock manipulation trial )NP (PP of (NP (NP GAF Corp. )NP and (NP (NP its vice chairman )NP , (NP James T. *UNKC )NP , )NP )NP )PP )NP )PP )NP (VP have (VP changed (ADVP considerably )ADVP )VP )VP . )S  STOP
(S (NP The first two GAF trials )NP (VP were (VP watched (ADVP closely )ADVP (PP on (NP Wall Street )NP )PP (SBAR because (S (NP they )NP (VP were (VP considered (S (VP to (VP be (NP (NP important tests )NP (PP of (NP (NP the government 's )NP ability (S (VP to (VP convince (NP (NP a jury )NP (PP of (NP (NP allegations )NP (VP stemming (PP from (NP its *UNKING investigations )NP )PP )VP )NP )PP )NP )VP )VP )S )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP an *UNK- indictment )NP )PP , (NP the government )NP (VP charged (NP (NP (NP GAF )NP , (NP a (NAC Wayne , N.J. , )NAC chemical maker )NP , )NP and (NP Mr. *UNKC )NP )NP (PP with (S (ADVP illegally )ADVP (VP attempting (S (VP to (VP *UNK (NP (NP the common stock )NP (PP of (NP Union Carbide Corp. )NP )PP )NP (PP in (NP (NP advance )NP (PP of (NP (NP (NP GAF 's )NP planned sale )NP (PP of (NP (NP a large block )NP (PP of (NP the stock )NP )PP )NP )PP )NP )PP )NP )PP )VP )VP )S (PP in (NP 1986 )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP (NP (NP The government 's )NP credibility )NP (PP in (NP the GAF case )NP )PP )NP (VP *UNKED (ADVP heavily )ADVP (PP on (NP (NP its star witness )NP , (NP (NP Boyd L. *UNKC )NP , (NP (NP the former Los Angeles brokerage chief )NP (SBAR (WHNP who )WHNP (S (VP (VP was (VP *UNKED (PP by (NP former *UNK *UNKC Boesky )NP )PP )VP )VP , and (VP (ADVP then )ADVP pointed (NP the *UNK )NP (PP at (NP (NP Mr. *UNKC )NP , (NP takeover *UNK *UNKC B. Lewis )NP and (NP corporate raider Paul *UNKC )NP )NP )PP )VP )VP )S )SBAR )NP )NP )NP )PP )VP . )S  STOP
(S (NP The GAF trials )NP (VP were (VP viewed (PP as (NP (NP *UNK )NP (PP of (NP (NP (NP the government 's )NP strength )NP (PP in (NP (NP its cases )NP (PP against (NP (NP Mr. Lewis )NP and (NP Mr. *UNKC )NP )NP )PP )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP (NP Mr. *UNKC 's )NP performance )NP (PP as (NP a witness )NP )PP )NP (VP was (VP expected (S (VP to (VP affect (NP his *UNKING )NP )VP )VP )S )VP )VP . )S  STOP
(S But (NP (NP GAF 's )NP *UNK role )NP (VP was (ADJP *UNKED )ADJP )VP . )S  STOP
(S (NP The first GAF trial )NP (VP ended (PP in (NP a *UNK )NP )PP (PP after (NP four weeks )NP )PP (SBAR (WHADVP when )WHADVP (S (NP U.S. District Judge Mary Johnson *UNKC )NP (VP found (SBAR that (S (NP a prosecutor )NP (ADVP improperly , but *UNKLY , )ADVP (VP *UNK (NP a document )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (S (PP After (NP (NP 93 hours )NP (PP of (NP *UNK )NP )PP )NP )PP , (NP (NP the jurors )NP (PP in (NP the second trial )NP )PP )NP (VP said (SBAR (S (NP they )NP (VP were (ADJP *UNKLY *UNKED )ADJP )VP )S )SBAR )VP )S , and (S (NP another *UNK )NP (VP was (VP declared (PP on (NP March 22 )NP )PP )VP )VP )S . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP a federal jury )NP (VP found (S (NP Mr. *UNKC )NP (ADJP guilty (PP on (NP (NP securities fraud )NP and (NP other charges )NP )NP )PP )ADJP )S (PP in (NP June )NP )PP )VP . )S  STOP
(S (ADVP (NP A month )NP later )ADVP , (NP Mr. *UNKC )NP (VP was (VP *UNKED (NP a jail term )NP (PP by (NP (NP a federal judge )NP (SBAR (WHNP who )WHNP (S (VP *UNKED (NP him )NP (PP for (S (VP helping (NP the government )NP )VP )S )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (PP In (NP August )NP )PP , (NP Mr. Lewis )NP (VP pleaded (ADJP guilty (PP to (NP three felony counts )NP )PP )ADJP )VP . )S  STOP
(S (ADVP Nevertheless )ADVP , (NP the stakes )NP (VP are (ADVP still )ADVP (ADJP high )ADJP (PP for (NP (NP the players )NP (VP (ADVP directly )ADVP involved (PP in (NP the GAF case )NP )PP )VP )NP )PP )VP . )S  STOP
(S (NP The *UNK )NP (VP have (VP left (S (NP (NP the *UNK )NP (PP of (NP (NP GAF )NP , (NP Mr. *UNKC )NP and (NP GAF Chairman Samuel *UNKC )NP )NP )PP )NP (PP in (NP *UNK )NP )PP )S )VP )VP . )S  STOP
(S (PP For (NP Mr. *UNKC )NP )PP , (NP a conviction )NP (VP could (VP carry (NP (NP penalties )NP (PP of (NP (NP (NP five years )NP (PP in (NP prison )NP )PP )NP and (NP (NP a (ADJP $ 250,000 )ADJP fine )NP (PP on (NP each count )NP )PP )NP )NP )PP )NP )VP )VP . )S  STOP
(S (NP GAF )NP (VP faces (NP (NP potential fines )NP (PP of (NP (NP $ 500,000 )NP (PP for (NP each count )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Individuals )NP (ADJP familiar (PP with (NP the case )NP )PP )ADJP )NP (VP said (SBAR that (S (S (PP throughout (NP September )NP )PP , (NP defense attorneys )NP (VP were (VP talking (PP with (NP the government )NP )PP (PP in (NP an effort (S (VP to (VP prevent (NP a trial )NP )VP )VP )S )NP )PP )VP )VP )S , but (S (PP by (NP (NP the end )NP (PP of (NP the month )NP )PP )NP )PP (NP the talks )NP (VP had (VP ended )VP )VP )S )S )SBAR )VP . )S  STOP
(S (NP There )NP (VP is (NP (NP much speculation )NP (PP among (NP (NP attorneys )NP (VP not involved )VP )NP )PP (SBAR that (S (NP (NP the strategy )NP (PP of (NP (NP (NP (NP GAF 's )NP attorney )NP , (NP Arthur *UNKC )NP , )NP and (NP (NP (NP Mr. *UNKC 's )NP counsel )NP , (NP Stephen *UNKC )NP , )NP )NP )PP )NP (VP will (VP include (NP (NP testimony )NP (PP by (NP (NP Mr. Sherwin )NP or (NP Mr. *UNKC )NP )NP )PP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Neither )NP (VP testified (PP at (NP the previous trials )NP )PP )VP . )S  STOP
(S (PP For (NP now )NP )PP , (NP defense attorneys )NP (VP are (ADJP *UNKED (PP about (NP their plans )NP )PP )ADJP )VP . )S  STOP
(S (NP (NP Max *UNKC )NP , (NP another GAF defense attorney )NP , )NP (VP said (NP yesterday )NP , `` (S (SBAR As (S (NP we )NP (VP go (ADVP in )ADVP (PP for (NP the third time )NP )PP )VP )S )SBAR , (NP (NP (NP *UNKC *UNKC 's )NP famous line )NP )NP (VP is (ADJP *UNK )ADJP : (S ` (NP It )NP (VP 's (NP *UNK *UNK )NP (ADVP all over again )ADVP )VP )S )VP )S )VP . ' '' )S  STOP
(S (NP *UNKC *UNKC *UNKC )NP (VP hope (S (VP to (VP stop (NP *UNK- appeal )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP for (NP (NP (QP more than *UNKN )QP women )NP (SBAR (WHNP who )WHNP (S (VP claim (NP (NP injuries )NP (PP from (NP the *UNKC *UNKC *UNK device )NP )PP )NP )VP )S )SBAR )NP )PP )NP (VP have (VP asked (NP the U.S. Supreme Court )NP (S (VP to (VP refuse (S (VP to (VP hear (NP (NP an appeal )NP (PP of (NP (NP the bankruptcy-law reorganization plan )NP (PP for (NP (NP *UNKC *UNKC Co. )NP , (SBAR (WHNP which )WHNP (S (VP manufactured (NP the device )NP )VP )S )SBAR )NP )PP )NP )PP )NP )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (NP The dispute )NP (VP *UNK (NP (NP two groups )NP (PP of (NP *UNK )NP )PP )NP (PP against (NP each other )NP )PP )VP . )S  STOP
(S (NP (NP Baltimore attorney Michael A. *UNKC )NP and (NP (NP 17 other attorneys )NP (VP representing (NP (NP *UNKN *UNK )NP (UCP (PP in (NP the U.S. )NP )PP and (ADVP abroad )ADVP )UCP )NP )VP )NP )NP (VP argue (SBAR that (S (NP the appeal )NP (VP would (VP (VP delay )VP -- and (VP (ADVP perhaps )ADVP (ADVP even )ADVP destroy )VP -- (NP (NP a (ADJP (QP $ *UNKN billion )QP )ADJP settlement fund )NP (SBAR (WHNP that )WHNP (S (VP is (NP (NP the *UNK )NP (PP of (NP the reorganization plan )NP )PP )NP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNK- reorganization )NP (VP is (VP being (VP challenged (PP before (NP the Supreme Court )NP )PP (PP by (NP (NP a dissident group )NP (PP of (NP *UNK )NP )PP )NP )PP (SBAR because (S (NP it )NP (VP places (NP a cap )NP (PP on (NP (NP the total amount )NP (PP of (NP money )NP )PP (ADJP available (S (VP to (VP settle (NP claims )NP )VP )VP )S )ADJP )NP )PP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP *UNK (NP (NP future suits )NP (PP against (NP (NP *UNKC company officials )NP , (NP (NP members )NP (PP of (NP the Robins family )NP )PP )NP and (NP (NP (NP Robins 's )NP former insurer )NP , (NP Aetna Life & Casualty Co )NP )NP )NP )PP )NP )VP . )S  STOP
(SINV (S (NP The latter provision )NP (VP is `` (ADJP legally unprecedented )ADJP )VP )S , '' (VP said )VP (NP (NP Alan B. *UNKC )NP , (NP (NP a public interest lawyer )NP (PP in (NP (NP Washington )NP , (NP D.C. )NP , )NP )PP (SBAR (WHNP who )WHNP (S (VP is (VP challenging (NP the plan )NP (PP on (NP (NP behalf )NP (PP of (NP 900 *UNK )NP )PP )NP )PP )VP )VP )S )SBAR )NP )NP . )SINV  STOP
(S (NP (NP (QP More than 100,000 )QP claims )NP (PP against (NP Robins )NP )PP )NP (VP are (ADJP pending )ADJP )VP . )S  STOP
(S (NP The company )NP (VP made and marketed (NP the *UNKC *UNKC )NP (PP in (NP the early 1970s )NP )PP (PP amid (NP mounting evidence (SBAR that (S (NP it )NP (VP could (VP cause (NP serious injuries )NP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (S (NP Robins )NP (VP has (VP been (PP in (NP (NP proceedings )NP (PP under (NP (NP Chapter 11 )NP (PP of (NP the U.S. Bankruptcy Code )NP )PP )NP )PP )NP )PP (PP since (NP August 1985 )NP )PP )VP )VP )S ; (S (NP such proceedings )NP (VP give (NP it )NP (NP (NP protection )NP (PP from (NP creditor lawsuits )NP )PP )NP (SBAR while (S (NP it )NP (VP works (PRT out )PRT (NP (NP a plan )NP (PP for (S (VP paying (NP its debts )NP )VP )S )PP )NP )VP )S )SBAR )VP )S . )S  STOP
(S (NP American Home Products Corp. )NP (VP wants (S (VP to (VP acquire (NP Robins )NP )VP )VP )S , (PRN but (SBAR only if (S (NP (NP all legal challenges )NP (PP to (NP the plan )NP )PP )NP (VP are (VP *UNKED )VP )VP )S )SBAR )PRN )VP . )S  STOP
(S (PP In (NP (NP a brief )NP (VP filed (PP with (NP the Supreme Court )NP )PP (NP last week )NP )VP )NP )PP , (NP Mr. *UNKC )NP (VP *UNK (NP the appeal )NP (PP for (S (VP raising (NP (ADJP `` *UNK '' and `` *UNK '' )ADJP legal issues )NP , (SBAR while (S (VP *UNKING (NP (NP the proposed reorganization )NP and (NP (NP the settlement payments )NP (PP to (NP *UNK )NP )PP )NP )NP )VP )S )SBAR )VP )S )PP )VP . )S  STOP
(S (NP The Supreme Court )NP (VP (VP is (VP scheduled (S (VP to (VP consider (NP the case )NP (NP Nov. 3 )NP )VP )VP )S )VP )VP and (VP may (VP issue (NP a decision )NP (ADVP as early (PP as (NP Nov. 6 )NP )PP )ADVP )VP )VP )VP . )S  STOP
(S (NP (NP (NP *UNKC 'S )NP *UNKC *UNKC )NP (PP under (NP *UNKC law )NP )PP )NP (VP is (NP a first )NP )VP . )S  STOP
(S (NP (NP Charles A. *UNKC )NP , (NP (NP sole *UNK )NP (PP of (NP a (NAC Louisville , Ky. , )NAC *UNK company )NP )PP )NP , )NP (VP was (VP found (S (ADJP guilty (PP of (S (VP violating (NP (NP the *UNKC law )NP (CONJP as well as )CONJP (NP the Clean Air Act )NP )NP )VP )S )PP )ADJP )S )VP )VP . )S  STOP
(S (S (NP (NP *UNKC *UNK )NP (PP under (NP the federal Superfund law )NP )PP )NP (VP are (ADJP rare )ADJP )VP )S , and (S (NP the decision )NP (VP is (NP (NP the first jury verdict )NP (PP in (NP such a case )NP )PP )NP )VP )S . )S  STOP
(S (PP Under (NP Superfund )NP )PP , (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP owned , generated or *UNKED (NP *UNK waste )NP )VP )S )SBAR )NP (VP are (ADJP liable (PP for (NP its cleanup )NP )PP )ADJP , (ADVP regardless (PP of (SBAR whether (S (NP their actions )NP (VP were (ADJP legal )ADJP (PP at (NP the time )NP )PP )VP )S )SBAR )PP )ADVP )VP . )S  STOP
(S (NP Environmental lawyers )NP (VP say (SBAR (S (NP (NP virtually all )NP (PP of (NP the Superfund cases )NP )PP (PP to (NP date )NP )PP )NP (VP have (VP involved (NP (NP civil penalties )NP (VP designed (S (VP to (VP insure (NP (NP cleanup )NP (PP of (NP past *UNKING activities )NP )PP )NP )VP )VP )S )VP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP Superfund )NP (ADVP also )ADVP (VP contains (NP (NP a criminal provision )NP (VP concerning (NP (NP the release )NP (PP of (NP *UNK *UNK )NP )PP (PP into (NP the environment )NP )PP )NP )VP )NP )VP . )S  STOP
(S (PP In (NP 1986 )NP )PP (NP Congress )NP (VP strengthened (NP the penalty )NP (PP by (S (VP making (S (NP it )NP (NP a felony )NP )S )VP )S )PP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP was (VP convicted (PP in (NP Louisville )NP )PP (NP late last month )NP (PP of (S (VP violating (NP Superfund )NP (PP by (S (VP failing (S (VP to (VP report (NP (NP the release )NP (PP of (NP asbestos )NP )PP (PP into (NP the environment )NP )PP (PP from (NP (NP a building )NP (SBAR (S (NP he )NP (VP was (VP *UNKING )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP )S )PP )VP )S )PP )VP )VP . )S  STOP
(S (NP He )NP (VP was (ADVP also )ADVP (VP convicted (PP of (NP (S (VP failing (S (VP to (ADVP properly )ADVP (VP remove (NP asbestos )NP (PP from (NP the building )NP )PP )VP )VP )S )VP )S , (NP (NP a violation )NP (PP of (NP the Clean Air Act )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP The government )NP (VP sought (NP a criminal penalty )NP (SBAR because `` (S (NP no cleanup )NP (VP is (ADJP possible )ADJP (ADVP here )ADVP )VP )S )SBAR )VP . )S  STOP
(SINV (S (SBAR Once (S -LCB- (NP asbestos )NP -RCB- (VP is (VP released (PP into (NP the environment )NP )PP )VP )VP )S )SBAR , (NP it )NP (VP can (VP *UNK (ADVP anywhere )ADVP )VP )VP )S , '' (VP says )VP (NP (NP Richard A. Dennis )NP , (NP (NP the assistant U.S. attorney )NP (SBAR (WHNP who )WHNP (S (VP *UNKED (NP the case )NP )VP )S )SBAR )NP )NP . )SINV  STOP
(S (NP Mr. *UNKC )NP (VP is (VP scheduled (S (VP to (VP be (VP sentenced (NP Dec. 11 )NP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP His lawyer )NP (VP could not (VP be (VP reached (PP for (NP comment )NP )PP )VP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP (VP faces (NP (NP (NP (QP as much as three )QP years )NP (PP in (NP prison )NP )PP )NP and (NP a (ADJP $ 250,000 )ADJP fine )NP )NP (PP for (NP the Superfund conviction )NP )PP )VP and (VP (NP (NP (NP (QP as much as one )QP year )NP (PP in (NP prison )NP )PP )NP and (NP a (ADJP $ 100,000 )ADJP fine )NP )NP (PP for (NP (NP the violation )NP (PP of (NP the Clean Air Act )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC *UNKC *UNKC )NP (VP switch (PP to (NP (NP victims ' )NP side )NP )PP (PP in (NP *UNK- case )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC , *UNKC & *UNKING )NP , (NP (NP the (NAC Washington , D.C. , )NAC law firm )NP (SBAR (WHNP that )WHNP (S (VP spent (NP (QP over $ 1 million )QP )NP (S (VP fighting (NP (NP the execution )NP (PP of (NP (NP *UNK- Ted *UNKC )NP -- (SBAR (WHNP who )WHNP (S (ADVP eventually )ADVP (VP was (VP executed )VP )VP )S )SBAR -- )NP )PP )NP )VP )S )VP )S )SBAR )NP )NP (VP has (VP taken (PRT on )PRT (NP (NP another death penalty case )NP (PP before (NP the Supreme Court )NP )PP )NP , (PRN (NP this time )NP (PP on (NP (NP the side )NP (PP of (NP (NP the family )NP (PP of (NP four murder victims )NP )PP (PP in (NP Arkansas )NP )PP )NP )PP )NP )PP )PRN )VP )VP . )S  STOP
(S (NP The law firm )NP (VP has (VP filed (NP a *UNK- brief )NP (ADVP jointly )ADVP (PP with (NP (NP the Washington Legal Foundation )NP , (NP a conservative legal group )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The key issue )NP (PP in (NP (NP the case )NP , (SBAR (WHNP which )WHNP (S (NP the law firm )NP (VP is (VP handling (UCP (PP without (NP a fee )NP )PP , or (ADVP pro bono )ADVP )UCP )VP )VP )S )SBAR , )NP )PP )NP (VP is (SBAR whether (S (NP (NP a person )NP (VP sentenced (PP to (NP death )NP )PP )VP )NP (VP can (ADVP voluntarily )ADVP (VP waive (NP (NP his rights )NP (PP of (NP appellate review )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The *UNK )NP , (NP Ronald *UNKC Simmons )NP , )NP (VP was (VP convicted (PP of (S (VP killing (NP 14 people )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP (NP Another *UNK )NP (PP on (NP death row )NP )PP )NP (VP has (VP appealed (NP (NP Mr. Simmons 's )NP death sentence )NP (PP in (NP a `` next friend '' capacity )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC 's )NP brief )NP (VP argues (SBAR (SBAR that (S (NP there )NP (VP is (NP (NP no mandatory appellate review )NP (PP of (NP capital sentences )NP )PP )NP )VP )S )SBAR and (SBAR that (S (NP (NP the *UNK )NP (SBAR (WHNP who )WHNP (S (VP filed (NP the appeal )NP )VP )S )SBAR )NP (VP lacks (NP proper standing )NP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP *UNKC *UNKC 's )NP managing partner )NP , )NP (VP says (SBAR (SBAR (S (NP (NP the trial team )NP (SBAR (WHNP that )WHNP (S (VP represented (NP Mr. *UNKC )NP )VP )S )SBAR )NP (VP was (VP asked (PP by (NP (NP the firm 's )NP pro bono committee )NP )PP (SBAR whether (S (NP the new case )NP (VP *UNKED (NP a conflict )NP )VP )S )SBAR )VP )VP )S )SBAR and (SBAR that (S (NP no objections )NP (VP were (VP raised )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP (NP The *UNKING )NP (PP of (NP (NP the law firm )NP and (NP the Washington Legal Foundation )NP )NP )PP )NP (VP is (ADJP odd )ADJP (ADVP also )ADVP , (SBAR because (S (NP *UNKC *UNKC )NP (VP was (NP (NP one )NP (PP of (NP (NP the firms )NP (VP *UNKED (PRT out )PRT (PP for (NP criticism )NP )PP (ADVP (NP two years )NP ago )ADVP (PP by (NP the conservative legal group )NP )PP (PP for (S (VP *UNKING (NP a liberal bias )NP (PP in (NP its (ADJP pro bono )ADJP work )NP )PP )VP )S )PP )VP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP We )NP (VP give (NP them )NP (NP (NP a lot )NP (PP of (NP credit )NP )PP )NP (PP for (S (VP taking (NP this case )NP )VP )S )PP )VP )S , '' (VP says )VP (NP (NP *UNKC 's )NP Alan *UNKC )NP . )SINV  STOP
(NP (NP THE *UNKC )NP (PP OF (NP THE *UNKC *UNKC )NP )PP : )NP  STOP
(S (PP In (NP federal court )NP )PP (PP in (NP Manhattan )NP )PP , (NP three defendants )NP (VP pleaded (ADJP guilty (PP to (NP (NP charges )NP (PP of (NP (NP fraud )NP (PP in (NP (NP connection )NP (PP with (NP (NP the sale )NP (PP of (NP *UNK *UNKC *UNKC *UNK )NP )PP )NP )PP )NP )PP )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (NP (NP (NP (NP James *UNKC )NP and (NP Larry Evans )NP )NP , (RRC (ADVP formerly )ADVP (NP (NP owners )NP (PP of (NP the *UNK- *UNKC *UNKC )NP )PP )NP )RRC )NP , and (NP (NP *UNKC Clark )NP , (NP a *UNKC sales representative )NP , )NP )NP (VP were (VP charged (PP with (S (VP conducting (NP (NP *UNK- telephone sales )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP they )NP (VP *UNKED (NP (NP cheap copies )NP (PP of (NP *UNKC *UNK )NP )PP )NP (PP as (NP signed , *UNK- *UNK )NP )PP )VP )S )SBAR )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP The *UNK )NP (VP were (VP sold (PP for (NP (QP $ *UNKN to $ 6,000 )QP )NP )PP , (SBAR although (S (NP the government )NP (VP says (SBAR (S (NP they )NP (VP had (NP (NP a value )NP (PP of (NP (NP (QP only $ 53 to $ 200 )QP )NP (ADVP apiece )ADVP )NP )PP )NP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Henry *UNKC )NP , (NP (NP the assistant U.S. attorney )NP (VP handling (NP the case )NP )VP )NP , )NP (VP said (SBAR (SBAR (S (NP (QP about 1,000 )QP customers )NP (VP were (VP *UNKED )VP )VP )S )SBAR and (SBAR that (S (NP (NP (NP *UNKC 's )NP total proceeds )NP (PP from (NP the sales )NP )PP )NP (VP were (NP (QP $ 3.4 million )QP )NP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP for (NP (NP Messrs. *UNKC and Evans )NP and (NP Ms. *UNKC )NP )NP )PP )NP (VP said (SBAR that (S (SBAR although (S (NP their clients )NP (VP admitted (PP to (S (VP making (NP some *UNK )NP (PP in (NP the sales )NP )PP )VP )S )PP )VP )S )SBAR , (NP they )NP (VP had (VP believed (SBAR that (S (NP the works )NP (VP were (VP authorized (PP by (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP died (PP in (NP January )NP )PP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The *UNK )NP (VP were (VP *UNKED (PP on (NP (NP paper )NP (VP *UNKED (PP by (NP Mr. *UNKC )NP )PP )VP )NP )PP )VP )VP )S , (NP the attorneys )NP (VP said )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP said (SBAR (S (NP Richard W. Decker )NP (VP resigned (PP as (NP (NP president )NP and (NP chief executive officer )NP )NP )PP (PP after (NP (NP only a year )NP (PP on (NP the job )NP )PP )NP )PP (PP because of (NP `` (NP differences )NP '' (PP with (NP the board )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The banking company )NP (VP could n't (VP be (VP reached (S (VP to (VP comment (PP beyond (NP a written announcement )NP )PP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP It )NP (VP did n't (VP specify (NP (NP the nature )NP (PP of (NP the differences )NP )PP )NP , (S (VP saying (ADVP only )ADVP (SBAR that (S (NP they )NP (VP related (PP to (NP `` (NP management style )NP '' and `` (NP strategic objectives )NP )NP )PP )VP )S )SBAR )VP )S )VP )VP . '' )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP (NP Mr. Decker 's )NP posts )NP (VP were (VP assumed (PP by (NP (NP David *UNKC )NP , (NP (NP *UNKC 's )NP chairman )NP , (SBAR (WHNP who )WHNP (S (PP at (NP (NP 34 years )NP (PP of (NP age )NP )PP )NP )PP (VP becomes (NP (NP one )NP (PP of (NP (NP the *UNK chief executives )NP (PP of (NP a sizable bank )NP )PP (PP in (NP the country )NP )PP )NP )PP )NP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Decker )NP (VP is (ADJP (NP (QP about 45 )QP years )NP old )ADJP )VP . )S  STOP
(S (NP Neither (NP Mr. *UNKC )NP nor (NP Mr. Decker )NP )NP (VP could (VP be (VP reached (S (VP to (VP comment )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP (VP has (NP (NP (QP about $ 1.3 billion )QP )NP (PP of (NP assets )NP )PP )NP )VP and (VP is (NP (NP the largest independent bank )NP (PP in (NP northern California )NP )PP )NP )VP )VP . )S  STOP
(S (NP It )NP (VP controls (NP (NP (QP about 35 )QP % )NP (PP of (NP (NP the affluent *UNKC County market )NP (PP across (NP the Golden Gate bridge )NP (PP from (NP San Francisco )NP )PP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Mr. Decker 's )NP resignation )NP (VP surprised (NP many industry officials )NP )VP . )S  STOP
(S (NP He )NP (VP was (VP brought (PP to (NP the company )NP )PP (PP in (NP September 1988 )NP )PP (PP after (NP (NP 15 years )NP (PP at (NP (ADJP Los Angeles-based )ADJP First Interstate Bancorp )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The bank )NP (VP had (VP been (VP suffering (PP in (NP late 1987 )NP )PP (PP from (NP (NP a *UNK )NP (PP of (NP (NP bad real estate loans )NP (VP made (PP in (NP Arizona )NP )PP )VP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP he )NP (VP was (VP hired )VP )VP )S )SBAR , (NP Mr. *UNKC )NP (VP *UNKED (NP (NP (NP Mr. Decker 's )NP `` extraordinary ... skills '' )NP and (NP (NP his `` outstanding reputation )NP (PP as (NP (NP one )NP (PP of (NP (NP the West 's )NP *UNK bankers )NP )PP )NP )PP . '' )NP )NP )VP )S  STOP
(S (SBAR Though (S (NP the bank )NP (VP is n't (VP performing (ADVP as well (PP as (NP (NP some )NP (PP of (NP (NP its competitors )NP (PP in (NP the lucrative California market )NP )PP )NP )PP )NP )PP )ADVP )VP )VP )S )SBAR , (NP its condition )NP (VP has (VP improved (SBAR since (S (NP Mr. Decker )NP (VP took (PRT over )PRT )VP )S )SBAR )VP )VP . )S  STOP
(S (PP For (NP (NP the six months )NP (VP ended (NP June 30 )NP )VP )NP )PP , (NP it )NP (VP earned (NP (NP (QP $ 3.1 million )QP )NP , or (NP (NP 61 cents )NP (NP a share )NP )NP , (PP compared (PP with (NP (NP net income )NP (PP of (NP (NP (QP $ 2.4 million )QP )NP , or (NP (NP 41 cents )NP (NP a share )NP )NP )NP )PP , (ADVP (NP a year )NP earlier )ADVP )NP )PP )PP )NP )VP . )S  STOP
(S (NP Its stock )NP (ADVP also )ADVP (VP has (VP risen (ADVP lately )ADVP , (SBAR (ADVP (ADVP at least )ADVP partly )ADVP because (S (NP it )NP (VP is (VP considered (S (NP a possible takeover candidate )NP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP Interstate banking )NP (VP is (VP scheduled (S (VP to (VP begin (PP in (NP California )NP )PP (PP in (NP 1991 )NP )PP )VP )VP )S )VP )VP )S , and (S (NP (NP larger California banks )NP , (PP such as (NP Wells Fargo & Co. )NP )PP , )NP (VP have (VP been (VP paying (NP fat premiums )NP (S (VP to (VP buy (NP smaller banks )NP (S (VP to (VP control (NP markets )NP (SBAR before (S (NP any *UNK- banks )NP (VP enter (NP the *UNK )NP )VP )S )SBAR )VP )VP )S )VP )VP )S )VP )VP )VP )S . )S  STOP
(S (PP In (NP American Stock Exchange composite trading )NP )PP (NP yesterday )NP , (NP *UNKC )NP (VP closed (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP , (ADVP down (NP 75 cents )NP )ADVP )VP . )S  STOP
(S (NP (NP *UNKC Associates Inc. )NP , (NP (NP Palo Alto )NP , (NP Calif. )NP , )NP )NP (VP reported (SBAR (S (NP (ADJP fiscal fourth-quarter )ADJP profit )NP (VP plunged (NP (QP more than 95 )QP % )NP (PP to (NP (NP (QP $ 1 million )QP )NP , or (NP (NP five cents )NP (NP a share )NP )NP )NP )PP , (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ 1.10 )NP (NP a share )NP )NP )NP , (PP in (NP the year-earlier quarter )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The diversified electronics company )NP (VP blamed (NP (NP the decline )NP (PP in (NP (NP the quarter )NP (VP ended (NP Sept. 29 )NP )VP )NP )PP )NP , (PP on (NP (NP previously reported operating problems )NP (PP in (NP its *UNKC *UNKC & Systems Group )NP )PP )NP )PP )VP . )S  STOP
(S (PP For (NP the full fiscal year )NP )PP , (NP *UNKC )NP (VP posted (NP (NP a (ADJP 13 % )ADJP profit rise )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (ADVP up (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (NP last year )NP )PP )ADVP )NP )VP . )S  STOP
(S (NP (NP Sales )NP (PP for (NP the year )NP )PP )NP (VP rose (NP (QP almost 15 )QP % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP (NP last year )NP )PP )VP . )S  STOP
(S (NP A profit )NP (NP last year )NP (PP in (NP both the quarter and year )NP )PP (VP included (NP (NP a net gain )NP (PP of (NP (NP (QP $ 9.6 million )QP )NP , or (NP (NP 44 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP the sale )NP (PP of (NP a division )NP )PP )NP )PP )NP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP the full-year profit )NP (NP last year )NP (VP reflected (NP (NP an after-tax restructuring charge )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ 1.04 )NP (NP a share )NP )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Shares )NP (PP of (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (NP last month )NP (VP warned (SBAR (S (NP there )NP (VP would (VP be (NP a fourth-quarter plunge )NP )VP )VP )S )SBAR )VP )S )SBAR , )NP )PP )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP down (NP 62.5 cents )NP )ADVP (PP in (NP (NP composite trading )NP (PP on (NP the New York Stock Exchange )NP )PP )NP )PP )VP . )S  STOP
(S (NP Sales )NP (VP rose (NP 18 % )NP (PP in (NP the fiscal fourth quarter )NP )PP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP (PP on (NP (NP the strength )NP (PP in (NP (NP *UNK )NP and (NP other products )NP )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP a *UNK- effort (S (VP to (VP keep (NP its sales force and customer base )NP )VP )VP )S )NP )PP , (NP Integrated Resources Inc. )NP (VP said (SBAR (S (NP it )NP (VP agreed (PP in (NP principle )NP )PP (S (VP to (VP transfer (NP (NP ownership )NP (PP of (NP its *UNK- subsidiary )NP )PP )NP (PP to (NP (NP two )NP (PP of (NP its top executives )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The financial-services firm )NP , (VP struggling (PP since (NP summer )NP )PP (S (VP to (VP avoid (NP a bankruptcy-law filing )NP (PP after (S (VP missing (NP (NP interest payments )NP (PP on (NP (NP (QP about $ 1 billion )QP )NP (PP of (NP debt )NP )PP )NP )PP )NP )VP )S )PP )VP )VP )S )VP , )NP (VP will (VP retain (NP the right (S (VP to (VP regain (NP the subsidiary )NP )VP )VP )S )NP )VP )VP . )S  STOP
(S (NP It )NP (VP said (SBAR (S (NP it )NP (VP will (VP exercise (NP that right )NP (SBAR only if (S (NP it )NP (VP sells (ADVP substantially )ADVP (NP (NP all )NP (PP of (NP its other core businesses )NP )PP )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP can (VP sell (NP the right (S (VP to (VP regain (NP the subsidiary )NP )VP )VP )S )NP (PP to (NP another party )NP )PP )VP )VP . )S  STOP
(S (ADVP Also )ADVP , (NP (NP the *UNK- subsidiary )NP , (NP Integrated Resources Equity Corp. )NP , )NP (VP was (VP *UNKED (S (NP Royal Alliance Associates Inc )NP )S )VP )VP . )S  STOP
(S (PP Because of (NP (NP Integrated 's )NP (ADJP widely reported )ADJP troubles )NP )PP , (NP (NP the unit 's )NP representatives )NP (VP had (VP been (VP *UNKING (NP a name change )NP )VP )VP )VP . )S  STOP
(S (NP (NP Royal Alliance )NP , (SBAR (WHPP to (WHNP which )WHNP )WHPP (S (NP (NP the *UNKN representatives ' )NP licenses )NP (VP will (VP be (VP transferred )VP )VP )VP )S )SBAR , )NP (VP is (NP (NP a shell company )NP (SBAR (S (NP Integrated )NP (VP owns )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (NP the transaction )NP )PP , (NP Integrated )NP (VP will (VP transfer (NP (NP (ADJP 100 % )ADJP ownership )NP (PP of (NP the subsidiary )NP )PP )NP (PP to (NP (NP (NP *UNKC M. *UNKC )NP , (NP (NP (NP executive vice president )NP (PP of (NP Integrated )NP )PP )NP and (NP (NP head )NP (PP of (NP *UNK- operations )NP )PP (PP at (NP the subsidiary )NP )PP )NP )NP )NP , and (NP (NP Gary W. *UNKC )NP , (NP (NP (NP executive vice president )NP (PP of (NP the parent )NP )PP )NP and (NP (NP president )NP (PP of (NP the subsidiary )NP )PP )NP )NP )NP )NP )PP )VP )VP . )S  STOP
(S (NP Integrated )NP (VP will (VP pump (NP (QP $ 3.5 million to $ 4 million )QP )NP (PP into (NP Royal Alliance )NP )PP (PP as (NP initial funding )NP )PP )VP )VP . )S  STOP
(S (PP In (NP an interview )NP )PP , (NP Mr. *UNKC )NP (VP said (SBAR that (S (PP based (PP on (NP (NP criteria )NP (SBAR (S (ADVP yet )ADVP (VP to (VP be (VP determined )VP )VP )VP )S )SBAR )NP )PP )PP , (NP he )NP (VP expects (S (VP to (VP distribute (NP (NP 49 % )NP (PP of (NP Royal Alliance )NP )PP )NP (PP to (NP (NP the representatives )NP , (SBAR (WHNP who )WHNP (S (VP sell (NP (NP Integrated 's )NP (UCP insurance and *UNK- )UCP products )NP )VP )S )SBAR )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (SBAR If (S (NP Integrated )NP (VP *UNK (NP Royal Alliance )NP )VP )S )SBAR , (NP the representatives )NP (VP will (VP retain (NP their (ADJP 49 % )ADJP ownership )NP )VP )VP . )S  STOP
(S (S (NP Mr. *UNKC )NP (VP indicated (SBAR that (S (NP (NP completion )NP (PP of (NP the transaction )NP )PP )NP (VP could (VP take (NP several weeks )NP )VP )VP )S )SBAR )VP )S , and (S (NP it )NP (VP was n't (ADVP immediately )ADVP (VP clear (SBAR (WHNP what )WHNP (S (VP would (VP happen (PP to (NP the *UNK- subsidiary )NP )PP (SBAR if (S (NP Integrated )NP (VP files (PP for (NP bankruptcy-law protection )NP )PP (PP in (NP the meantime )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (NP The subsidiary )NP (VP is n't (VP expected (S (VP to (VP be (ADJP profitable )ADJP (PP for (NP (QP at least one )QP year )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (SBAR If (S (NP Integrated )NP (VP *UNK (NP the unit )NP )VP )S )SBAR , (NP it )NP (VP would (VP receive (NP (NP any profit )NP (SBAR (S (NP the unit )NP (VP reports )VP )S )SBAR )NP , (SBAR even while (S (NP the unit )NP (VP is (ADJP independent )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (SBAR If (S (NP the deal )NP (VP *UNK )VP )S )SBAR , (NP the two officers )NP (VP will (VP draw (NP salaries )NP (PP (PP from (NP the independent operation )NP )PP , not (PP from (NP Integrated )NP )PP )PP )VP )VP . )S  STOP
(S (NP (NP Many aspects )NP (PP of (NP the agreement )NP )PP )NP (VP were (VP worked (PRT out )PRT (NP Wednesday )NP (PP in (NP Chicago )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP Integrated senior managers )NP (VP met (PP with (NP (QP about 150 )QP representatives )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(SINV `` (S (NP I )NP (VP think (SBAR (S (NP it )NP (VP was (NP (NP something )NP (SBAR (WHNP that )WHNP (S (NP we and they )NP (VP thought (SBAR (S (VP was (ADJP *UNK )ADJP )VP )S )SBAR )VP )S )SBAR )NP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP Stephen D. *UNKC )NP , (NP (NP (NP chairman )NP and (NP *UNK- executive officer )NP )NP (PP of (NP Integrated )NP )PP )NP )NP . )SINV  STOP
(S (NP Integrated )NP (VP made (NP its announcement )NP (SBAR after (S (NP the market )NP (VP closed )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP New York Stock Exchange Composite trading )NP )PP , (NP Integrated shares )NP (VP closed (PP at (NP $ 1.125 )NP )PP , (ADVP up (NP 12.5 cents )NP )ADVP )VP . )S  STOP
(S (NP The dollar )NP (VP weakened (PP in (NP *UNK trading )NP )PP (SBAR as (S (NP foreign-exchange dealers )NP (VP *UNKED (NP (NP fresh economic news )NP (SBAR (WHNP that )WHNP (S (NP they )NP (VP hope (SBAR (S (VP will (VP jolt (NP the U.S. unit )NP (PP out (PP of (NP its narrow ranges )NP )PP )PP )VP )VP )S )SBAR )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The Canadian dollar )NP (VP climbed (PP to (NP (NP its highest level )NP (PP against (NP the U.S. dollar )NP )PP (PP since (NP late August )NP )PP )NP )PP , (S (VP prompting (S (NP (NP the Bank )NP (PP of (NP Canada )NP )PP )NP (VP to (VP sell (NP the Canadian currency )NP (PP on (NP the market )NP )PP )VP )VP )S )VP )S )VP . )S  STOP
(S (NP Traders )NP (VP say (SBAR that (S (PP after (NP (NP a week )NP (PP of (S (ADVP *UNKLY )ADVP (VP tracking (NP (NP every development )NP (PP on (NP Wall Street )NP )PP )NP )VP )S )PP )NP )PP , (NP the foreign-exchange market )NP (VP has (VP settled (PRT back )PRT (S (VP to (VP catch (NP its *UNK )NP (ADVP ahead (PP of (NP new U.S. economic data )NP )PP )ADVP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP noted , (ADVP however )ADVP , (SBAR that (S (NP (NP a *UNK- drop )NP (PP in (NP the Dow Jones Industrial Average )NP )PP )NP (VP gave (NP the dollar )NP (NP a sharp *UNK downward )NP (ADVP late (PP in (NP the day )NP )PP )ADVP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP late New York trading )NP )PP (NP yesterday )NP , (NP the dollar )NP (VP was (VP quoted (PP (PP at (NP (NP *UNKN marks )NP , (ADVP down (PP from (NP *UNKN marks )NP (NP late Friday )NP )PP )ADVP )NP )PP , and (PP at (NP (NP 141.90 yen )NP , (ADVP down (PP from (NP *UNKN yen )NP (NP late Friday )NP )PP )ADVP )NP )PP )PP )VP )VP . )S  STOP
(S (NP Sterling )NP (VP was (VP quoted (PP at (NP $ *UNKN )NP )PP , (ADVP up (PP from (NP $ *UNKN )NP (NP late Friday )NP )PP )ADVP )VP )VP . )S  STOP
(S (PP In (NP Tokyo )NP )PP (NP Tuesday )NP , (NP the U.S. currency )NP (VP opened (PP for (NP trading )NP )PP (PP at (NP *UNKN yen )NP )PP , (ADVP down (PP from (NP (NP (NP Monday 's )NP Tokyo close )NP (PP of (NP *UNKN yen )NP )PP )NP )PP )ADVP )VP . )S  STOP
(S (NP (NP The market 's )NP attention )NP (VP is (ADVP especially )ADVP (VP focused (PP on (NP (NP a preliminary report )NP (PP on (NP the U.S. third-quarter gross national product )NP )PP , (ADJP due (ADVP out )ADVP (NP Thursday )NP )ADJP , (SBAR (WHNP which )WHNP (S (VP could (VP show (SBAR (S (NP the economy )NP (VP is (VP continuing (S (VP to (VP expand (PP at (NP a (ADJP relatively brisk )ADJP pace )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP The consensus view )NP (PP on (NP (NP real GNP )NP , (NP (NP the total value )NP (PP of (NP (NP the U.S. output )NP (PP of (NP goods and services )NP )PP )NP )PP (VP adjusted (PP for (NP inflation )NP )PP )VP )NP , )NP )PP )NP (VP calls (PP for (NP (NP (NP a (ADJP 2.3 % )ADJP gain )NP (PP on (NP an annual basis )NP )PP )NP , (UCP (VP slowing (ADVP somewhat )ADVP (PP from (NP (NP the second quarter 's )NP 2.5 % )NP )PP )VP , but (ADJP still fairly strong )ADJP )UCP )NP )PP )VP . )S  STOP
(S (NP Few market participants )NP (VP expect (S (NP the U.S. unit )NP (VP to (VP rally (ADVP sharply )ADVP (PP on (NP the news )NP )PP , (SBAR if (S (NP it )NP (VP turns (PRT out )PRT (SBAR as (S (VP expected )VP )S )SBAR )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP Many )NP (VP (VP contend (SBAR that (S (NP the report )NP (VP may (VP *UNK (NP (NP the economy 's )NP health )NP )VP )VP )S )SBAR )VP and (VP predict (SBAR (S (NP the third-quarter figures )NP (VP may (VP be (NP (NP the last vigorous statistics )NP (PP for (NP (NP some time )NP (SBAR (S (VP to (VP come )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(SINV `` (S (NP Everyone )NP (VP is (VP waiting (PP for (NP GNP )NP )PP )VP )VP )S , '' (VP says )VP (NP (NP Walter *UNKC )NP , (NP (NP an assistant treasurer )NP (PP with (NP Bank *UNKC *UNKC & Co )NP )PP )NP )NP . )SINV  STOP
(S `` (ADVP Yet )ADVP (NP (NP even a (ADJP relatively strong )ADJP number )NP -- (NP (QP 2.8 % to 2.9 % )QP )NP -- )NP (VP wo n't (VP alter (NP (NP the market 's )NP view (SBAR that (S (NP the economy )NP (VP is (VP *UNKING )VP )VP )S )SBAR )NP )VP )VP . '' )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP managing director )NP (PP of (NP foreign exchange )NP )PP (PP at (NP (NP Credit Suisse )NP (PP in (NP New York )NP )PP )NP )PP )NP , )NP (VP adds , `` (S (NP The market )NP (VP sees (NP this )NP (PP as (NP (NP the last piece )NP (PP of (NP good news )NP )PP )NP )PP )VP )S )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP notes (SBAR that (S (NP (NP the GNP *UNK )NP , (NP (NP a measure )NP (PP of (NP inflation )NP )PP )NP , )NP (VP is (VP expected (S (VP to (VP (VP slow )VP , (SBAR (WHNP which )WHNP (S (VP would (VP give (NP the Federal Reserve )NP (NP (NP more room )NP (SBAR (S (VP to (VP ease (NP key U.S. rates )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Analysts )NP (VP predict (NP (NP a (ADJP 3.5 % )ADJP rise )NP (PP in (NP the *UNK )NP )PP , (PP after (S (VP climbing (NP 4.6 % )NP (PP in (NP the second quarter )NP )PP )VP )S )PP )NP )VP . )S  STOP
(S (NP They )NP (VP note (SBAR that (S (SBAR (WHADVP when )WHADVP (S (NP (NP an (ADJP unexpectedly sharp )ADJP widening )NP (PP in (NP the U.S. trade gap )NP )PP (PP in (NP August )NP )PP )NP (VP was (VP reported (NP earlier this month )NP )VP )VP )S )SBAR , (S (NP (NP hopes )NP (PP for (NP (NP a sustained narrowing )NP (PP of (NP the trade deficit )NP )PP )NP )PP )NP (VP were (VP *UNKED )VP )VP )S and (S (NP sentiment )NP (VP *UNKED (NP the market )NP (SBAR that (S (NP the U.S. economy )NP (VP was (VP losing (NP its momentum )NP )VP )VP )S )SBAR )VP )S )S )SBAR )VP . )S  STOP
(S (S (NP (NP A 190-point plunge )NP (PP in (NP U.S. stock shares )NP )PP )NP (VP *UNKED (NP the view )NP )VP )S , (NP they )NP (VP say )VP . )S  STOP
(SINV `` (S (NP Everyone )NP (VP is (ADJP extremely convinced (SBAR (S (NP the economy )NP (VP is (VP slowing )VP )VP )S )SBAR )ADJP )VP )S , '' (VP says )VP (NP one senior New York dealer )NP . )SINV  STOP
(S `` (SBAR If (S (NP we )NP (VP 're not (VP headed (PP for (NP a recession )NP )PP )VP )VP )S )SBAR , (NP we )NP (VP 're (ADVP certainly )ADVP (VP headed (PP for (NP a major slowdown )NP )PP )VP )VP . '' )S  STOP
(S (SBAR While (S (NP the market )NP (VP expects (NP (NP little reaction )NP (PP from (NP (NP news )NP (PP of (NP U.S. durable goods orders )NP )PP , (VP scheduled (PP for (NP release )NP )PP (NP today )NP )VP , )NP )PP )NP )VP )S )SBAR (NP participants )NP (VP note (SBAR that (S (NP the figures )NP (VP will (ADVP probably )ADVP (VP serve (S (VP to (VP reinforce (NP this bearish sentiment )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP U.S. durable goods orders )NP (VP are (VP expected (S (VP to (VP show (NP (NP a decline )NP (PP of (NP 1.2 % )NP )PP (PP in (NP September )NP )PP )NP )VP )VP )S , (PP according (PP to (NP economists )NP )PP )PP )VP )VP . )S  STOP
(S (NP The anticipated drop )NP (VP follows (NP (NP a (ADJP 3.9 % )ADJP rise )NP (PP in (NP August )NP )PP )NP )VP . )S  STOP
(S (NP Traders )NP , (ADVP however )ADVP , (VP are (ADJP quick (S (VP to (VP point (PRT out )PRT (SBAR that (S (SBAR while (S (NP there )NP (VP is (NP (NP little enthusiasm )NP (PP for (S (VP buying (NP dollars )NP )VP )S )PP )NP )VP )S )SBAR , (NP the U.S. unit )NP (VP has (VP found (NP a `` natural bottom '' )NP (PP at (NP (ADVP about )ADVP (NP *UNKN marks )NP and (NP 140 yen )NP )NP )PP )VP )VP )S )SBAR )VP )VP )S )ADJP )VP . )S  STOP
(S (NP (NP Its *UNK )NP (PP around (NP these levels )NP )PP )NP (VP is (VP pegged (PP to (NP (NP persistent investor demand )NP (PP for (NP the *UNK )NP )PP , (PP (ADVP especially )ADVP in (NP Japan )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP On (NP (NP the Commodity Exchange )NP (PP in (NP New York )NP )PP )NP )PP , (NP (NP gold )NP (PP for (NP current delivery )NP )PP )NP (VP settled (PP at (NP (NP $ *UNKN )NP (NP an ounce )NP )NP )PP , (ADVP down (NP 30 cents )NP )ADVP )VP . )S  STOP
(S (NP Estimated volume )NP (VP was (NP a (ADJP very light )ADJP (QP one million )QP ounces )NP )VP . )S  STOP
(S (PP In (NP early trading )NP )PP (PP in (NP Hong Kong )NP )PP (NP Tuesday )NP , (NP gold )NP (VP was (VP quoted (PP at (NP (NP $ *UNKN )NP (NP an ounce )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC Inc. )NP , (NP New York )NP , )NP (VP said (SBAR (S (NP its third-quarter net income )NP (VP jumped (NP 62 % )NP )VP )S )SBAR , (S (VP citing (NP (NP (NP continued strength )NP (PP in (NP apparel sales )NP )PP )NP and (NP (NP the start )NP (PP of (NP (NP shipments )NP (PP of (NP (NP its new product lines )NP : (NP (NP (NP a men 's )NP *UNK )NP , (NP (NP *UNK- women 's )NP apparel )NP and (NP casual *UNK )NP )NP )NP )PP )NP )PP )NP )NP )VP )S )VP . )S  STOP
(S (NP The big apparel maker and retailer )NP (VP said (SBAR that (S (NP (NP its net income )NP (PP in (NP the latest quarter )NP )PP )NP (VP increased (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 58 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 36 cents )NP (NP a share )NP )NP )NP , (ADVP (NP a year )NP earlier )ADVP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Sales )NP (PP in (NP the quarter )NP )PP )NP (VP gained (NP 29 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP . )S  STOP
(S (NP *UNKC shares )NP (VP closed (NP yesterday )NP (PP at (NP $ *UNKN )NP )PP , (ADVP up (NP 50 cents )NP )ADVP , (PP in (NP national over-the-counter trading )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC 's )NP directors )NP (ADVP also )ADVP (VP declared (NP (NP its regular cash dividend payment )NP (PP of (NP (NP five cents )NP (NP a share )NP )NP )PP (ADJP payable (PP on (NP Dec. 5 )NP )PP (PP to (NP (NP shareholders )NP (RRC (PP of (NP record )NP )PP (PP at (NP (NP the close )NP (PP of (NP business )NP )PP (PP on (NP Nov. 13 )NP )PP )NP )PP )RRC )NP )PP )ADJP )NP )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP net income )NP (VP rose (NP 48 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 96 cents )NP (NP a share )NP )NP )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP . )S  STOP
(S (NP Sales )NP (VP gained (NP 16 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP Tokyo stocks )NP (VP closed (ADJP firmer )ADJP (NP Monday )NP , (PP with (S (NP the Nikkei index )NP (VP making (NP its (ADJP fifth consecutive )ADJP daily gain )NP )VP )S )PP )VP . )S  STOP
(S (NP Stocks )NP (ADVP also )ADVP (VP rose (PP in (NP London )NP )PP , (SBAR while (S (NP the Frankfurt market )NP (VP was (ADJP mixed )ADJP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP Tokyo )NP )PP , (NP the Nikkei index )NP (VP added (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP The index )NP (VP moved (PP above (NP *UNKN )NP )PP (PP at (NP *UNKING )NP )PP , (S (ADVP nearly )ADVP (VP reaching (NP (NP the record )NP (PP of (NP *UNKN )NP )PP (VP set (NP Sept. 28 )NP )VP )NP )VP )S )VP . )S  STOP
(S But (NP the market )NP (VP lost (NP (NP part )NP (PP of (NP (NP the early gains )NP (PP on (NP *UNKED investment trust fund selling )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP early trading )NP )PP (PP in (NP Tokyo )NP )PP (NP Tuesday )NP , (NP the Nikkei index )NP (VP rose (NP *UNKN points )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (PP On (NP Monday )NP )PP , (NP traders )NP (VP noted (SBAR that (S (NP some investors )NP (VP took (NP profits )NP (PP against (NP (NP the *UNK )NP (PP of (NP (NP the Nikkei 's )NP *UNKED recovery )NP )PP )NP )PP (PP following (NP (NP its plunge )NP (NP last Monday )NP (PP in (NP (NP reaction )NP (PP to (NP (NP the Oct. 13 drop )NP (PP in (NP New York stock prices )NP )PP )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S But (NP overall buying interest )NP (VP remained (ADJP strong )ADJP (PP through (NP Monday )NP )PP , (PP with (S (NP many observers )NP (VP saying (SBAR (S (NP they )NP (VP expect (S (NP the Nikkei )NP (VP to (VP continue (PP with (NP moderate gains )NP )PP (NP this week )NP )VP )VP )S )VP )S )SBAR )VP )S )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP remained (ADJP relatively small )ADJP )VP . )S  STOP
(S (NP (NP Volume )NP (PP on (NP the first section )NP )PP )NP (VP was (VP estimated (PP at (NP (QP 600 million )QP shares )NP )PP , (ADVP down (PP from (NP (QP *UNKN billion )QP shares )NP (NP Friday )NP )PP )ADVP )VP )VP . )S  STOP
(S (NP (NP The Tokyo stock price index )NP (PP of (NP first section issues )NP )PP )NP (VP was (ADVP up (NP *UNKN )NP )ADVP (PP at (NP *UNKN )NP )PP )VP . )S  STOP
(S (S (NP (ADJP *UNKLY stable )ADJP foreign currency dealings )NP (NP Monday )NP (VP were (VP viewed (ADVP *UNKLY )ADVP (PP by (NP market players )NP )PP )VP )VP )S , (NP traders )NP (VP said )VP . )S  STOP
(S (S But (NP institutional investors )NP (VP may (VP wait (ADVP (NP a little )NP longer )ADVP (S (VP to (VP *UNK (NP (NP the direction )NP (PP of (NP (NP the U.S. monetary policy )NP and (NP the dollar )NP )NP )PP )NP )VP )VP )S )VP )VP )S , (NP traders )NP (VP said )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP general manager )NP (PP of (NP the stock department )NP )PP (PP at (NP *UNKC Securities )NP )PP )NP , )NP (VP said (SBAR (S (NP (NP Monday 's )NP trading )NP (VP was `` (ADJP *UNKED )ADJP )VP )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP investors )NP (VP were (VP picking (NP individual stocks )NP (PP based (PP on (NP (NP specific incentives )NP and (NP (NP the likelihood )NP (PP of (NP (NP a wider price increase )NP (PP over (NP the short term )NP )PP )NP )PP )NP )NP )PP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The *UNK approach )NP (VP *UNKED (NP (NP themes )NP (PP such as (NP (NP *UNK- issues )NP , (NP *UNK- issues )NP or (NP *UNK- shares )NP )NP )PP , (SBAR (WHNP which )WHNP (S (VP had (VP been (VP providing (NP (ADVP at least )ADVP some trading direction )NP (PP over (NP the past few weeks )NP )PP )VP )VP )VP )S )SBAR )NP )VP )S , (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (NP Investors )NP (VP took (NP profits )NP (PP on (NP (NP major construction shares )NP , (SBAR (WHNP which )WHNP (S (VP advanced (NP last week )NP )VP )S )SBAR , )NP )PP (S (VP shifting (NP their attention )NP (PP to (NP (NP some *UNK companies )NP (PP such as (NP (NP *UNKC Corp. )NP , (NP *UNKC )NP and (NP *UNKC )NP )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (VP gained (NP 60 yen )NP (PP to (NP (NP *UNKN yen )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN )NP )PP )VP . )S  STOP
(S (NP Some pharmaceutical shares )NP (VP were (ADJP popular )ADJP (PP on (NP (NP rumors )NP (VP related (PP to (NP (NP new products )NP (SBAR (S (VP to (VP be (VP introduced (PP at (NP (NP a cancer conference )NP (SBAR (WHNP that )WHNP (S (VP opened (PP in (NP *UNKC )NP )PP )VP )S )SBAR )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )NP )PP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP was (ADVP up (NP 15 )NP )ADVP (PP at (NP *UNKN )NP )PP )VP )S , and (S (NP *UNKC *UNKC )NP (VP gained (NP 30 )NP (PP to (NP *UNKN )NP )PP )VP )S . )S  STOP
(S (NP *UNKC )NP (VP advanced (NP 40 )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP continued (S (VP to (VP attract (NP investors )NP )VP )VP )S (PP because of (NP (NP strong earning prospects )NP (VP stemming (PP from (NP a new immune control agent )NP )PP )VP )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP gained (NP 50 )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP was (ADVP up (NP 30 )NP )ADVP (PP to (NP *UNKN )NP )PP , (S (VP receiving (NP investor interest )NP (PP for (NP (NP its land property holdings )NP (PP near (NP Tokyo )NP )PP )NP )PP )VP )S )VP )S , (NP a trader )NP (VP said )VP . )S  STOP
(S (NP London prices )NP (VP closed (ADVP modestly higher )ADVP (PP in (NP (NP (NP the year 's )NP *UNK turnover )NP , (NP (NP a condition )NP (SBAR (WHNP that )WHNP (S (VP *UNKED (NP (NP a lack )NP (PP of (NP conviction )NP )PP (ADVP ahead (PP of (NP (NP a U.K. (NAC balance (PP of (NP payments )NP )PP )NAC report )NP (NP Tuesday )NP )NP )PP )ADVP )NP )VP )S )SBAR )NP )NP )PP )VP . )S  STOP
(S (S (NP (NP Limited volume )NP (ADVP ahead (PP of (NP the September trade data )NP )PP )ADVP )NP (VP showed (SBAR (S (NP the market )NP (VP is (ADJP nervous )ADJP )VP )S )SBAR )VP )S , but (S (NP dealers )NP (VP added (SBAR that (S (NP (NP the day 's )NP modest gains )NP (ADVP also )ADVP (VP signaled (NP (NP some support )NP (PP for (NP London equities )NP )PP )NP )VP )S )SBAR )VP )S . )S  STOP
(S (NP They )NP (VP pegged (NP the support )NP (PP (ADVP largely )ADVP to (NP anticipation (SBAR that (S (NP (NP Britain 's )NP current account *UNK )NP (VP ca n't (VP be (ADJP much worse (PP than (NP (NP the (ADJP near record )ADJP deficits )NP (VP seen (PP in (NP July and August )NP )PP )VP )NP )PP )ADJP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S `` (S (NP It )NP (VP 's (NP (NP a case )NP (PP of (S (NP the market )NP (VP being (ADJP (ADJP too high (SBAR (S (VP to (VP buy )VP )VP )S )SBAR )ADJP and (ADJP too afraid (SBAR (S (VP to (VP sell )VP )VP )S )SBAR )ADJP )ADJP )VP )S )PP )NP )VP )S , '' (NP (NP a senior dealer )NP (PP with (NP Kleinwort Benson Securities )NP )PP )NP (VP said )VP . )S  STOP
(S `` (NP (NP It )NP )NP (VP 's (ADJP better )ADJP (S (VP to (VP wait )VP )VP )S )VP . '' )S  STOP
(S (NP The Financial Times 100-share index )NP (VP finished (ADVP (NP 10.6 points )NP higher )ADVP (PP at (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP The 30-share index )NP (VP closed (ADVP (NP *UNKN points )NP higher )ADVP (PP at (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP Volume )NP (VP was (NP *UNKN million shares )NP , (PP *UNK (NP (NP (NP the year 's )NP previous low )NP (PP of (NP *UNKN million shares )NP )PP (NP (NP Sept. 25 )NP , (NP (NP the session )NP (SBAR before (S (NP the August trade figures )NP (VP were (VP released )VP )VP )S )SBAR )NP )NP )NP )PP )VP . )S  STOP
(S (NP (NP Analysts ' )NP expectations )NP (VP suggest (NP (NP a September current account deficit )NP (PP of (NP (NP (QP # 1.6 billion )QP )NP (PRN -LRB- (NP (QP $ *UNKN billion )QP )NP -RRB- )PRN )NP )PP )NP , (PP compared (PP with (NP (NP August 's )NP (ADJP (QP # *UNKN billion )QP )ADJP deficit )NP )PP )PP )VP . )S  STOP
(S (NP Dealers )NP , (ADVP however )ADVP , (VP said (SBAR (S (NP forecasts )NP (VP are (ADJP broadly *UNK (PP with (NP (NP estimates )NP (VP ranging (PP between (NP (NP (QP # 1 billion )QP )NP and (NP (QP # 2 billion )QP )NP )NP )PP )VP )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S `` (NP (NP The range )NP (PP of (NP expectations )NP )PP )NP (VP is (ADJP so broad (PRN , '' (S (NP (NP a dealer )NP (PP at (NP another major U.K. brokerage firm )NP )PP )NP (VP said )VP )S , `` )PRN (SBAR (S (NP the deficit )NP (VP may (VP have (S (VP to (VP be (NP (QP *UNK or above # 2 billion )QP )NP (SBAR for (S (NP it )NP (VP to (VP have (NP (NP any impact )NP (PP on (NP the market )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )VP )VP )S . '' )SBAR )ADJP )VP )S  STOP
(S (NP (NP *UNKC Industries )NP , (NP a British (UCP automotive and aerospace )UCP concern )NP , )NP (VP rose (NP 13 pence )NP (PP to (NP *UNKN pence )NP )PP (SBAR after (S (NP it )NP (VP said (SBAR (S (NP (NP its pretax profit )NP (PP for (NP the year )NP )PP )NP (VP rose (NP 28 % )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Share prices )NP (PP on (NP the Frankfurt stock exchange )NP )PP )NP (VP closed (ADJP narrowly mixed )ADJP (PP in (NP quiet dealings )NP )PP (PP after (S (VP recovering (NP (NP most )NP (PP of (NP their early losses )NP )PP )NP )VP )S )PP )VP . )S  STOP
(S (NP The DAX index )NP (VP eased (NP *UNKN point )NP (S (VP to (VP end (PP at (NP *UNKN )NP )PP )VP )VP )S (PP after (S (VP falling (NP 5.5 points )NP (ADVP early (PP in (NP the session )NP )PP )ADVP )VP )S )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP the declines )NP (ADVP early (PP in (NP the day )NP )PP )ADVP (VP were (ADVP partly )ADVP (VP caused (PP by (NP (NP losses )NP (PP of (NP the ruling *UNKC Union )NP )PP (PP in (NP (NP *UNK elections )NP (PP in (NP (NP the state )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP The start )NP (PP of (NP (NP a *UNK conference )NP (PP by (NP the *UNK *UNKC metal worker union )NP )PP (PP in (NP Berlin )NP )PP )NP )PP )NP (VP is (VP drawing (NP attention )NP (PP to (NP (NP the impending wage negotiations )NP , (SBAR (WHNP which )WHNP (S (VP could (VP boost (NP (NP companies ' )NP personnel costs )NP (NP next year )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S , (NP they )NP (VP said )VP . )S  STOP
(S But (S (NP there )NP (VP was (NP little selling pressure )NP )VP )S , and (S (NP (NP even small orders )NP (PP at (NP the lower levels )NP )PP )NP (VP *UNKED (S (VP to (VP bring (NP the market )NP (ADVP back (PP to (NP (NP Friday 's )NP opening levels )NP )PP )ADVP )VP )VP )S )VP )S . )S  STOP
(S (NP Traders )NP (VP said (SBAR (S (NP the thin trading volume )NP (VP points (PP to (NP (NP continued uncertainty )NP (PP by (NP most investors )NP )PP (PP following (NP (NP last Monday 's )NP record (ADJP 13 % )ADJP loss )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The market )NP (VP is (ADVP still )ADVP (ADJP (NP 4 % )NP short (PP of (NP (NP its level )NP (PP before (NP the plunge )NP )PP )NP )PP )ADJP )VP )S , and (S (NP analysts )NP (VP are n't (ADJP sure (SBAR (WHNP how long )WHNP (S (NP it )NP (VP will (VP take (SBAR until (S (NP the DAX )NP (VP has (VP closed (NP that gap )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )ADJP )VP )S . )S  STOP
(S But (NP (NP *UNKC *UNKC )NP , (NP (NP chief trader )NP (PP at (NP (NP *UNKC *UNKC *UNKC )NP (PRN -LRB- (NP *UNKC )NP -RRB- )PRN )NP )PP )NP , )NP (VP said (SBAR (S (NP he )NP (VP expects (S (NP share prices )NP (VP to (VP move (ADVP upward )ADVP (PP in (NP the coming weeks )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Banking stocks )NP (VP were (NP the major gainers )NP (NP Monday )NP (PP amid (NP hope (SBAR that (S (NP interest rates )NP (VP have (VP peaked )VP )VP )S )SBAR )NP )PP , (SBAR as (S (NP (NP Deutsche Bank )NP and (NP Dresdner Bank )NP )NP (VP added (NP (NP 4 marks )NP (NP each )NP )NP (PP to (NP (NP (NP *UNKN marks )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN )NP and (NP *UNKN marks )NP , (ADVP respectively )ADVP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP gained (NP 1 )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP Auto shares )NP (VP were (ADJP mixed )ADJP , (SBAR as (S (S (NP Daimler-Benz )NP (VP firmed (NP 2 )NP (PP to (NP *UNKN )NP )PP )VP )S , (S (NP *UNKC *UNKC *UNKC )NP (VP lost (NP the same amount )NP (PP to (NP *UNKN )NP )PP )VP )S , and (S (NP *UNKC )NP (VP inched (ADVP down (NP 1.4 )NP )ADVP (PP to (NP *UNKN )NP )PP )VP )S )S )SBAR )VP . )S  STOP
(S (ADVP Elsewhere )ADVP , (NP prices )NP (VP (VP closed (ADVP higher )ADVP (PP in (NP Amsterdam )NP )PP )VP , (VP (ADVP lower )ADVP (PP in (NP Zurich , Stockholm and Milan )NP )PP )VP , (VP (ADJP mixed )ADJP (PP in (NP Brussels )NP )PP )VP and (VP (ADJP unchanged )ADJP (PP in (NP Paris )NP )PP )VP )VP . )S  STOP
(S (NP Shares )NP (VP (VP closed (ADVP higher )ADVP (PP in (NP (NP Hong Kong )NP , (NP Singapore )NP and (NP Manila )NP )NP )PP )VP , and (VP were (ADJP lower )ADJP (PP in (NP Sydney , Seoul and Taipei )NP )PP )VP )VP . )S  STOP
(S (NP Wellington )NP (VP was (ADJP closed )ADJP )VP . )S  STOP
(SINV (ADVP Here )ADVP (VP are )VP (NP (NP price trends )NP (PP on (NP (NP the world 's )NP major stock markets )NP )PP )NP , (SBAR as (S (VP calculated (PP by (NP (NP Morgan Stanley Capital International Perspective )NP , (NP Geneva )NP )NP )PP )VP )S )SBAR . )SINV  STOP
(S (S (VP To (VP make (S (NP them )NP (ADJP directly comparable )ADJP )S )VP )VP )S , (NP each index )NP (VP is (VP based (PP on (S (NP (NP the close )NP (PP of (NP 1969 )NP )PP )NP (VP equaling (NP 100 )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP The percentage change )NP (VP is (PP since (NP year-end )NP )PP )VP . )S  STOP
(S (NP *UNKC Inc. )NP (VP said (SBAR (S (NP it )NP (VP entered (PP into (NP (NP an agreement )NP (PP in (NP principle )NP )PP (S (VP to (VP sell (NP (NP its pump and tank division )NP and (NP drilling division )NP )NP (PP to (NP *UNKC Chemical Services )NP )PP (PP for (NP (QP $ 4 million )QP )NP )PP )VP )VP )S )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNKED environmental engineering concern )NP (VP said (SBAR (S (NP *UNKC Chemical )NP (ADVP also )ADVP (VP will (VP assume (NP (NP (QP about $ 1.6 million )QP )NP (PP in (NP (NP debt )NP (VP related (PP to (NP those divisions )NP )PP )VP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (ADVP Further )ADVP , (NP *UNKC )NP (VP will (VP buy (NP (NP (QP $ 1 million )QP )NP (PP of (NP *UNKC common stock )NP )PP )NP , (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP , (PP plus (NP an option (S (VP to (VP acquire (NP (NP an additional (QP $ 1.5 million )QP )NP (PP of (NP common )NP )PP )NP (PP at (NP the same price )NP )PP )VP )VP )S )NP )PP )VP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (PP In (NP American Stock Exchange composite trading )NP )PP (NP yesterday )NP , (NP *UNKC )NP (VP closed (PP at (NP (NP $ 3 )NP (NP a share )NP )NP )PP , (ADVP up (NP 25 cents )NP )ADVP )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP the two divisions )NP (VP account (PP for (NP (NP (QP about $ 8 million )QP )NP (PP of (NP (NP (NP the company 's )NP (QP $ 20 million )QP )NP (PP in (NP annual revenue )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The transaction )NP (VP is (VP expected (S (VP to (VP close (PP within (NP (QP about 20 )QP days )NP )PP )VP )VP )S )VP )VP )S , (NP the company )NP (VP added )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP the proceeds )NP (VP will (VP be (VP used (UCP (PP as (NP (NP working capital )NP (PP for (NP expansion )NP )PP )NP )PP and (S (VP to (VP pay (NP (NP its existing tax liability )NP (PP of (NP (QP about $ 1.5 million )QP )NP )PP (SBAR (WHNP that )WHNP (S (VP was (ADJP due (NP Sept. 15 )NP )ADJP )VP )S )SBAR )NP )VP )VP )S )UCP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP is (NP (NP a unit )NP (PP of (NP (NP *UNKC Transportation Ltd. )NP (PP of (NP (NP *UNKC )NP , (NP Canada )NP )NP )PP )NP )PP )NP )VP . )S  STOP
(NP (NP Monday )NP , (NP October 23 , 1989 )NP )NP  STOP
(S (NP (NP The key (UCP U.S. and foreign )UCP annual interest rates )NP (ADVP below )ADVP )NP (VP (VP are (NP (NP a guide )NP (PP to (NP general levels )NP )PP )NP )VP but (VP do n't (ADVP always )ADVP (VP represent (NP actual transactions )NP )VP )VP )VP . )S  STOP
(NP (NP PRIME RATE )NP : (NP 10 1\/2 % )NP . )NP  STOP
(NP (NP The base rate )NP (PP on (NP corporate loans )NP )PP (PP at (NP large U.S. money center commercial banks )NP )PP . )NP  STOP
(NP (NP FEDERAL FUNDS )NP : (NP (NP (NP (QP 8 3\/4 )QP % )NP (ADVP high )ADVP )NP , (NP (NP (QP 8 11\/16 )QP % )NP (ADVP low )ADVP )NP , (NP (NP (QP 8 11\/16 )QP % )NP (PP near (NP closing bid )NP )PP )NP , (NP (NP (QP 8 3\/4 )QP % )NP (VP offered )VP )NP )NP . )NP  STOP
(S (NP Reserves )NP (VP traded (PP among (NP commercial banks )NP )PP (PP for (NP overnight use )NP )PP (PP in (NP (NP amounts )NP (PP of (NP (QP $ 1 million or more )QP )NP )PP )NP )PP )VP . )S  STOP
(NP (NP Source )NP : (NP Fulton Prebon (PRN -LRB- (NAC U.S.A . )NAC -RRB- )PRN Inc )NP . )NP  STOP
(NP (NP DISCOUNT RATE )NP : (NP 7 % )NP . )NP  STOP
(NP (NP The charge )NP (PP on (NP (NP loans )NP (PP to (NP depository institutions )NP )PP (PP by (NP the New York Federal Reserve Bank )NP )PP )NP )PP . )NP  STOP
(NP (NP CALL MONEY )NP : (NP (QP 9 3\/4 % to 10 % )QP )NP . )NP  STOP
(NP (NP The charge )NP (PP on (NP (NP loans )NP (PP to (NP brokers )NP )PP (PP on (NP stock exchange collateral )NP )PP )NP )PP . )NP  STOP
(NP (NP (NP COMMERCIAL PAPER )NP (VP placed (ADVP directly )ADVP (PP by (NP General Motors Acceptance Corp. )NP )PP )VP )NP : (NP (NP (NP 8.50 % )NP (NP (QP 2 to 44 )QP days )NP )NP ; (NP (NP 8.25 % )NP (NP (QP 45 to 69 )QP days )NP )NP ; (NP (NP 8.40 % )NP (NP (QP 70 to 89 )QP days )NP )NP ; (NP (NP *UNKN % )NP (NP (QP 90 to 119 )QP days )NP )NP ; (NP (NP 8.05 % )NP (NP (QP 120 to 149 )QP days )NP )NP ; (NP (NP 7.90 % )NP (NP (QP 150 to 179 )QP days )NP )NP ; (NP (NP 7.50 % )NP (NP (QP 180 to 270 )QP days )NP )NP )NP . )NP  STOP
(NP (NP COMMERCIAL PAPER )NP : (NP (NP (NP High-grade unsecured notes )NP (VP sold (PP through (NP dealers )NP )PP (PP by (NP major corporations )NP )PP (PP in (NP (NP multiples )NP (PP of (NP $ 1,000 )NP )PP )NP )PP )VP )NP )NP : (NP (NP (NP *UNKN % )NP (NP 30 days )NP )NP ; (NP (NP 8.50 % )NP (NP 60 days )NP )NP ; (NP (NP 8.45 % )NP (NP 90 days )NP )NP )NP . )NP  STOP
(NP (NP (NP CERTIFICATES )NP (PP OF (NP DEPOSIT )NP )PP )NP : (NP (NP (NP 8.09 % )NP (NP one month )NP )NP ; (NP (NP 8.09 % )NP (NP two months )NP )NP ; (NP (NP *UNKN % )NP (NP three months )NP )NP ; (NP (NP 8 % )NP (NP six months )NP )NP ; (NP (NP *UNKN % )NP (NP one year )NP )NP )NP . )NP  STOP
(NP (NP Average )NP (PP of (NP (NP top rates )NP (VP paid (PP by (NP major New York banks )NP )PP (PP on (NP (NP primary new issues )NP (PP of (NP negotiable C.D.s )NP )PP )NP )PP , (PP usually on (NP (NP amounts )NP (PP of (NP (QP $ 1 million and more )QP )NP )PP )NP )PP )VP )NP )PP . )NP  STOP
(S (NP The minimum unit )NP (VP is (NP $ 100,000 )NP )VP . )S  STOP
(NP (NP (NP Typical rates )NP (PP in (NP the secondary market )NP )PP )NP : (NP (NP (NP *UNKN % )NP (NP one month )NP )NP ; (NP (NP *UNKN % )NP (NP three months )NP )NP ; (NP (NP 8.40 % )NP (NP six months )NP )NP )NP . )NP  STOP
(NP (NP BANKERS ACCEPTANCES )NP : (NP (NP (NP 8.50 % )NP (NP 30 days )NP )NP ; (NP (NP *UNKN % )NP (NP 60 days )NP )NP ; (NP (NP *UNKN % )NP (NP 90 days )NP )NP ; (NP (NP *UNKN % )NP (NP 120 days )NP )NP ; (NP (NP 8.05 % )NP (NP 150 days )NP )NP ; (NP (NP 7.96 % )NP (NP 180 days )NP )NP )NP . )NP  STOP
(NP (NP Negotiable , bank-backed business credit instruments )NP (VP (ADVP typically )ADVP financing (NP an import order )NP )VP . )NP  STOP
(NP (NP LONDON LATE EURODOLLARS )NP : (NP (NP (NP (QP 8 3\/4 % to 8 5\/8 % )QP )NP (NP one month )NP )NP ; (NP (NP (QP 8 11\/16 % to 8 9\/16 % )QP )NP (NP two months )NP )NP ; (NP (NP (QP 8 3\/4 % to 8 5\/8 % )QP )NP (NP three months )NP )NP ; (NP (NP (QP 8 5\/8 % to 8 1\/2 % )QP )NP (NP four months )NP )NP ; (NP (NP (QP 8 9\/16 % to 8 7\/16 % )QP )NP (NP five months )NP )NP ; (NP (NP (QP 8 9\/16 % to 8 7\/16 % )QP )NP (NP six months )NP )NP )NP . )NP  STOP
(NP (NP (NP LONDON INTERBANK OFFERED RATES )NP (PRN -LRB- (NP LIBOR )NP -RRB- )PRN )NP : (NP (NP (NP (QP 8 3\/4 )QP % )NP (NP one month )NP )NP ; (NP (NP (QP 8 3\/4 )QP % )NP (NP three months )NP )NP ; (NP (NP (QP 8 9\/16 )QP % )NP (NP six months )NP )NP ; (NP (NP (QP 8 1\/2 )QP % )NP (NP one year )NP )NP )NP . )NP  STOP
(NP (NP The average )NP (PP of (NP interbank offered rates )NP )PP (PP for (NP (NP dollar deposits )NP (PP in (NP the London market )NP )PP )NP )PP (VP based (PP on (NP (NP quotations )NP (PP at (NP five major banks )NP )PP )NP )PP )VP . )NP  STOP
(NP (NP FOREIGN PRIME RATES )NP : (NP (NP (NP Canada )NP (NP 13.50 % )NP )NP ; (NP (NP Germany )NP (NP 9 % )NP )NP ; (NP (NP Japan )NP (NP 4.875 % )NP )NP ; (NP (NP Switzerland )NP (NP 8.50 % )NP )NP ; (NP (NP Britain )NP (NP 15 % )NP )NP )NP . )NP  STOP
(S (S (NP These rate indications )NP (VP are n't (ADJP directly comparable )ADJP )VP )S ; (S (NP lending practices )NP (VP vary (ADVP widely )ADVP (PP by (NP location )NP )PP )VP )S . )S  STOP
(NP (NP (NP Results )NP (PP of (NP (NP the (NAC Monday , October 23 , 1989 , )NAC auction )NP (PP of (NP (NP short-term U.S. government bills )NP , (VP sold (PP at (NP (NP a discount )NP (PP from (NP face value )NP )PP )NP )PP (PP in (NP (NP units )NP (PP of (NP (QP $ 10,000 to $ 1 million )QP )NP )PP )NP )PP )VP )NP )PP )NP )PP )NP : (NP (NP (NP 7.52 % )NP , (NP 13 weeks )NP )NP ; (NP (NP 7.50 % )NP , (NP 26 weeks )NP )NP )NP . )NP  STOP
(NP (NP (NP FEDERAL HOME LOAN MORTGAGE CORP . )NP (PRN -LRB- (NP Freddie Mac )NP -RRB- )PRN )NP : (NP (NP (NP Posted yields )NP (PP on (NP 30-year mortgage commitments )NP )PP (PP for (NP (NP delivery )NP (PP within (NP 30 days )NP )PP )NP )PP )NP . (NP (NP (NP *UNKN % )NP , (NP standard conventional fixed-rate mortgages )NP )NP ; (NP (NP 7.875 % )NP , (NP (ADJP 2 % rate capped )ADJP one-year adjustable rate mortgages )NP )NP )NP )NP . )NP  STOP
(NP (NP Source )NP : (NP Telerate Systems Inc )NP . )NP  STOP
(NP (NP (NP FEDERAL NATIONAL MORTGAGE ASSOCIATION )NP (PRN -LRB- (NP Fannie Mae )NP -RRB- )PRN )NP : (NP (NP (NP (NP Posted yields )NP (PP on (NP (ADJP 30 year )ADJP mortgage commitments )NP )PP (PP for (NP (NP delivery )NP (PP within (NP 30 days )NP )PP )NP )PP )NP (PRN -LRB- (VP priced (PP at (NP par )NP )PP )VP -RRB- )PRN )NP . (NP (NP (NP *UNKN % )NP , (NP standard conventional fixed-rate mortgages )NP )NP ; (NP (NP *UNKN % )NP , (NP (ADJP 6\/2 rate capped )ADJP one-year adjustable rate mortgages )NP )NP )NP )NP . )NP  STOP
(NP (NP Source )NP : (NP Telerate Systems Inc )NP . )NP  STOP
(NP (NP MERRILL LYNCH READY ASSETS TRUST )NP : (NP *UNKN % )NP . )NP  STOP
(FRAG (NP (NP Annualized average rate )NP (PP of (NP (NP return )NP (PP after (NP expenses )NP )PP )NP )PP (PP for (NP the past 30 days )NP )PP )NP ; not (NP (NP a forecast )NP (PP of (NP future returns )NP )PP )NP . )FRAG  STOP
(S (NP Bankers Trust New York Corp. )NP , (SBAR as (S (VP expected )VP )S )SBAR , (VP reported (NP (NP a third-quarter loss )NP (PP of (NP (NP (QP $ *UNKN billion )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )NP , (PP following (NP (NP its (ADJP (QP $ 1.6 billion )QP )ADJP boost )NP (PP in (NP (NP reserves )NP (PP for (NP (NP losses )NP (PP on (NP (NP loans )NP (PP to (NP *UNKED countries )NP )PP )NP )PP )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP The loss )NP (VP compares (PP with (NP (NP net income )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP , (PP in (NP the year-earlier period )NP )PP )NP )PP )VP . )S  STOP
(S (NP Interest income )NP (VP rose (NP 29 % )NP (PP to (NP (QP about $ 1.35 billion )QP )NP )PP (PP from (NP (QP $ 1.05 billion )QP )NP )PP )VP . )S  STOP
(S (NP (NP The New York bank holding company 's )NP assets )NP (PP at (NP Sept. 30 )NP )PP (VP climbed (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (S (VP Excluding (NP (NP the increase )NP (PP in (NP loan-loss reserves )NP )PP )NP )VP )S , (NP Bankers Trust )NP (VP said (SBAR (S (NP third-quarter net income )NP (VP would (VP have (VP increased (NP 11 % )NP (PP to (NP (QP $ 180 million )QP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A number )NP (PP of (NP major banks )NP )PP )NP (VP have (VP posted (NP big losses )NP (PP after (S (ADVP sharply )ADVP (VP increasing (NP loan-loss reserves )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP (NP Most )NP (PP of (NP (NP the loans )NP (PP in (NP question )NP )PP )NP )PP )NP (VP are (PP to (NP (NP Third World countries )NP (PP in (NP South America )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP (NP yesterday )NP , (NP Bankers Trust )NP (VP fell (NP 12.5 cents )NP (PP to (NP $ *UNKN )NP )PP )VP . )S  STOP
(NP (NP *UNKC *UNKC Co . )NP (PRN -LRB- (NP New York )NP -RRB- )PRN -- )NP  STOP
(S (NP (NP Gerald C. *UNKC )NP , (ADJP (NP 47 years )NP old )ADJP , )NP (VP was (VP named (S (NP (NP president )NP (PP of (NP (NP the *UNKC division )NP (PP of (NP this (UCP pharmaceuticals and health-care )UCP company )NP )PP )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP He )NP (VP succeeds (NP (NP C. Benjamin Brooks Jr. )NP , (SBAR (WHNP who )WHNP (S (VP will (VP retire (NP Nov. 1 )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP Mr. Brooks )NP (VP declined (S (VP to (VP give (NP his age )NP )VP )VP )S )VP )S , but (S (NP he )NP (VP said (SBAR (S (NP his leaving )NP (VP is (NP a normal retirement )NP )VP )S )SBAR )VP )S . )S  STOP
(S (NP Mr. *UNKC )NP (VP had (VP been (NP (NP executive vice president )NP (PP of (NP the division )NP )PP )NP (PP since (NP April )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP makes (NP hair and skin products )NP )VP )S )SBAR , )NP (VP was (NP (NP a division )NP (PP of (NP Bristol-Myers Co. )NP )PP )NP (PP before (NP (NP (NP that company 's )NP merger )NP (PP with (NP Squibb Corp )NP )PP )NP )PP )VP . )S  STOP
(NP (NP Annualized interest rates )NP (PP on (NP certain investments )NP )PP (SBAR as (S (VP reported (PP by (NP the Federal Reserve Board )NP )PP (PP on (NP a *UNK- basis )NP )PP )VP )S )SBAR : )NP  STOP
(FRAG (X a )X - (NP *UNKED rate . )NP )FRAG  STOP
(FRAG (X *UNK )X - (NP (NP *UNKC )NP (VP ended (NP (NP Wednesday , October 18 , 1989 )NP and (NP Wednesday October 11 , 1989 )NP )NP )VP )NP . )FRAG  STOP
(FRAG (X *UNK )X - (NP (NP Yields )NP , (VP adjusted (PP for (NP constant maturity )NP )PP )VP )NP . )FRAG  STOP
(S (NP American Telephone & Telegraph Co. )NP (VP said (SBAR (S (NP it )NP (VP will (VP spend (NP (QP $ 20 million )QP )NP (S (VP to (VP build (NP (NP a factory )NP (PP in (NP (NP *UNKC )NP , (NP Mexico )NP , )NP )PP (SBAR (S (VP to (VP make (NP telephone *UNKING machines )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Construction )NP (PP of (NP the *UNK- facility )NP )PP )NP (VP will (VP begin (NP next year )NP , (SBAR with (S (NP production )NP (VP expected (S (VP to (VP start (PP in (NP late 1991 )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (ADJP fully operational )ADJP )S )SBAR , (NP the *UNKC factory )NP (VP will (VP (VP employ (NP (QP about 1,500 )QP workers )NP )VP and (VP have (NP (NP annual operating expenses )NP (PP of (NP (QP $ 5 million to $ 6 million )QP )NP )PP )NP )VP )VP )VP . )S  STOP
(S (NP An AT&T representative )NP (VP said (SBAR that (S (NP the *UNKC factory )NP (VP will (VP make (NP (NP a full line )NP (PP of (NP *UNKING machines )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP AT&T )NP (ADVP already )ADVP (VP has (NP (NP a factory )NP (PP in (NP (NP *UNKC )NP , (NP Mexico )NP , )NP )PP (SBAR (S (VP to (VP make (NP electrical devices )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP purchases (NP data systems products )NP (PP from (NP (NP a manufacturer )NP (VP based (PP in (NP *UNKC )NP )PP )VP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC Industries PLC )NP , (NP (NP a British maker )NP (PP of (NP industrial parts and systems )NP )PP )NP , )NP (VP reported (NP (NP (NP a (ADJP 28 % )ADJP rise )NP (PP in (NP pretax profit )NP )PP (PP for (NP (NP the year )NP (PP to (NP July 31 )NP )PP )NP )PP )NP , (VP helped (PP in (ADJP particular )ADJP )PP (PP by (NP (NP a (ADJP 32 % )ADJP jump )NP (PP in (NP operating profit )NP )PP (PP at (NP its aerospace division )NP )PP )NP )PP )VP )NP )VP . )S  STOP
(S (NP (NP *UNKC profit )NP (PP in (NP the latest year )NP )PP )NP (VP climbed (PP to (NP (NP (QP # *UNKN million )QP )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP )PP (PP from (NP (NP (QP # *UNKN million )QP )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP )PP )VP . )S  STOP
(S (NP (NP Profit )NP (PP (PP after (NP (NP taxes )NP and (NP minority interests )NP )NP )PP but (PP before (NP extraordinary items )NP )PP )PP )NP (VP climbed (NP 27 % )NP (PP to (NP (QP # *UNKN million )QP )NP )PP (PP from (NP (QP # *UNKN million )QP )NP )PP , (PP with (S (NP (NP earnings )NP (PP per (NP share )NP )PP )NP (VP rising (PP to (NP (NP *UNKN pence )NP (PRN -LRB- (NP $ 1.35 )NP -RRB- )PRN )NP )PP (PP from (NP (NP *UNKN pence )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP The results )NP (VP were (PP at (NP (NP the upper end )NP (PP of (NP (NP market expectations )NP , (SBAR (WHNP which )WHNP (S (VP ranged (PP (PP from (NP (QP # 185 million )QP )NP )PP (PP to (NP (QP # *UNKN million )QP )NP )PP )PP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP TW Services Inc. )NP (VP posted (NP (NP a (ADJP (QP $ 3.3 million )QP )ADJP third-quarter net loss )NP , (PP compared (PP with (NP a (ADJP (QP $ *UNKN million )QP )ADJP profit )NP )PP )PP )NP , (S (VP reflecting (NP (NP (QP $ 60 million )QP )NP (PP of (NP (NP expenses )NP (VP related (PP to (NP (NP its *UNKED proposed takeover )NP (PP by (NP Coniston Partners )NP )PP )NP )PP )VP )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP (NP The per-share loss )NP (PP for (NP the (NAC *UNKC , N.J. , )NAC *UNK- concern )NP )PP )NP (VP totaled (NP (NP seven cents )NP , (PP compared (PP with (NP (NP earnings )NP (PP of (NP (NP 51 cents )NP (NP a share )NP )NP )PP (ADVP (NP a year )NP earlier )ADVP )NP )PP )PP )NP )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP 5 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP (NP Coniston )NP , (NP a New York investment partnership )NP , )NP (VP *UNK (NP (NP a vote )NP (PP by (NP (NP TW 's )NP shareholders )NP )PP , (VP scheduled (PP for (NP Friday )NP )PP )VP , (PP on (NP (NP (NP Coniston 's )NP (ADJP (ADJP $ *UNK- )ADJP , or (ADJP (QP $ *UNKN billion )QP )ADJP , )ADJP offer )NP (PP for (NP TW )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC net income )NP (VP dropped (NP 47 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 54 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ 1.02 )NP (NP a share )NP )NP )NP )PP )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP 6 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC Co. )NP , (NP (NP *UNKC )NP , (NP Ind. )NP )NP )NP , (S (VP hurt (PP by (NP (NP a drop )NP (PP in (NP (NP engine orders )NP (PP from (NP *UNK- makers )NP )PP )NP )PP )NP )PP )VP )S , (VP reported (NP (NP a third-quarter loss )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP , (PP on (NP (NP essentially flat sales )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP the year-earlier period )NP )PP , (NP (NP the maker )NP (PP of (NP (NP *UNK engines )NP and (NP parts )NP )NP )PP )NP (VP had (NP (NP a *UNK deficit )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )NP , (PP with (NP (NP sales )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )VP . )S  STOP
(S (NP A spokeswoman )NP (VP said (SBAR (S (NP (NP shipments )NP (PP of (NP (NP truck engines )NP , (SBAR (WHNP which )WHNP (S (VP provide (NP (NP a higher margin )NP (PP than (NP (NP most )NP (PP of (NP (NP the company 's )NP other products )NP )PP )NP )PP )NP )VP )S )SBAR , )NP )PP )NP (VP declined (NP 16 % )NP (PP from (ADVP (NP a year )NP earlier )ADVP )PP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Although (S (NP (NP *UNKC 's )NP stock )NP (VP *UNKED (NP last month )NP (SBAR after (S (NP the company )NP (VP projected (NP a `` substantial '' *UNK- loss )NP )VP )S )SBAR , )VP )S )SBAR (NP the stock )NP (ADVP also )ADVP (VP fell (NP $ 1.125 )NP (PP in (NP composite New York Stock Exchange trading )NP )PP (NP yesterday )NP , (PP to (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (NP It )NP (VP traded (ADVP (ADVP as high )ADVP (PP as (NP $ 64 )NP )PP )ADVP (ADVP (NP a month )NP ago )ADVP , (PP before (NP the loss projection )NP )PP )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP the latest loss )NP (VP trimmed (NP net income )NP (PP to (NP (NP (QP $ 3.6 million )QP )NP , (SBAR (WHNP which )WHNP (S (PP after (NP (NP payment )NP (PP of (NP preferred dividends )NP )PP )NP )PP (VP represented (NP (NP a *UNK- loss )NP (NP a common share )NP )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The *UNK- loss )NP (VP was (NP (NP (QP $ 8.4 million )QP )NP , or (NP (NP $ *UNKN )NP (NP a common share )NP )NP )NP )VP . )S  STOP
(S (NP Exxon Corp. )NP (VP filed (NP suit )NP (PP against (NP (NP the state )NP (PP of (NP Alaska )NP )PP )NP )PP , (S (VP charging (SBAR (S (NP state officials )NP (VP *UNKED (PP with (NP (NP the oil company 's )NP initial efforts (S (VP to (VP treat (NP (NP last spring 's )NP giant oil spill )NP )VP )VP )S )NP )PP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP The action )NP (VP is (NP (NP a *UNK )NP (PP to (NP (NP a suit )NP (VP filed (PP by (NP Alaska )NP )PP (PP in (NP August )NP )PP (PP against (NP (NP Exxon )NP and (NP six other oil companies )NP )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(S (NP (NP The state 's )NP suit )NP (VP alleges (SBAR that (S (NP (NP (NP Exxon 's )NP response )NP (PP to (NP the spill )NP )PP )NP (VP failed (S (VP to (VP prevent (NP (NP *UNK )NP (PP of (NP (NP hundreds )NP (PP of (NP miles )NP )PP (PP of (NP (NP *UNK )NP (PP along (NP Prince William *UNKC )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP That suit )NP and (NP (NP Exxon 's )NP *UNK )NP )NP (VP were (VP filed (PP in (NP (NP a state court )NP (PP in (NP *UNKC )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Neither suit )NP (VP lists (NP specific dollar claims )NP , (SBAR (ADVP largely )ADVP because (S (NP damage assessment )NP (VP has n't (ADVP yet )ADVP (VP been (VP completed )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Legal *UNK )NP (VP say (SBAR that (S (NP (NP damage claims )NP (PP against (NP the oil giant and others )NP )PP )NP (VP could (ADVP well )ADVP (VP exceed (NP (QP $ 1 billion )QP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Litigation )NP , (SBAR if (S not (VP settled (PP out (PP of (NP court )NP )PP )PP )VP )S )SBAR , (VP could (VP drag (PRT on )PRT (PP for (NP years )NP )PP )VP )VP . )S  STOP
(S (NP Exxon )NP (VP said (PP in (NP its suit )NP )PP (SBAR that (S (NP it )NP (VP will (VP seek (NP (NP *UNK )NP (PP from (NP the state )NP )PP (PP for (NP (NP that part )NP (PP of (NP the cleanup costs and damage claims )NP )PP (SBAR (S (NP it )NP (VP says (SBAR (S (VP resulted (PP from (NP (NP the state 's )NP conduct )NP )PP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The oil company )NP (VP claims (SBAR that (S (NP Alaskan officials )NP (VP prevented (NP Exxon )NP (PP from (S (VP *UNKING (NP *UNK )NP (PP onto (NP (NP the (QP almost 11 million )QP *UNK )NP (PP of (NP oil )NP )PP (VP dumped (SBAR (WHADVP when )WHADVP (S (NP (NP one )NP (PP of (NP its *UNK )NP )PP )NP (VP ran (PP into (NP an *UNK *UNK )NP )PP )VP )S )SBAR )VP )NP )PP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Craig *UNKC )NP , (NP an Alaska assistant attorney general )NP , )NP (VP said (PP in (NP an interview )NP )PP (NP last night )NP (SBAR that (S (NP (NP Exxon 's )NP accusations )NP `` (VP are not (ADJP new )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP Exxon )NP (VP has (VP made (NP them )NP (ADVP before )ADVP , (SBAR (WHPP at (WHNP which point )WHNP )WHPP (S (NP the state )NP (VP demonstrated (SBAR (S (NP they )NP (VP were (ADJP *UNK )ADJP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The state )NP (VP will (ADVP *UNKLY )ADVP (VP defend (PP against (NP any *UNK )NP )PP )VP )VP . '' )S  STOP
(S (PP Since (NP (NP the spill )NP (NP last March )NP )NP )PP , (NP (NP Exxon )NP and (NP the state )NP )NP (VP have (VP been (VP *UNKING (PP over (SBAR whether (S (S (VP *UNKING (NP *UNK )NP (PP on (NP the oil )NP )PP (PP in (NP (NP the first hours )NP (PP after (NP the spill )NP )PP )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP the weather )NP (VP was (ADJP clear and *UNK )ADJP )VP )S )SBAR , )VP )S (VP would (VP have (VP helped (S (VP limit (NP the environmental damage )NP )VP )S )VP )VP )VP )S )SBAR )PP )VP )VP )VP . )S  STOP
(S (NP Exxon )NP (VP claims (SBAR (SBAR that (S (NP (NP use )NP (PP of (NP (NP *UNK )NP , (SBAR (WHNP which )WHNP (S (VP break (NP an oil *UNK )NP (PP into (NP *UNK *UNK )NP )PP )VP )S )SBAR , )NP )PP )NP (VP was (NP (NP a crucial part )NP (PP of (NP its *UNK- plan )NP )PP )NP )VP )S )SBAR and (SBAR that (S (NP state officials )NP (VP banned (NP their use )NP (PP during (NP (NP the two days )NP (PP of (NP fair weather )NP )PP (PP following (NP the spill )NP )PP )NP )PP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP The oil company )NP (VP claims (SBAR that (S (NP it )NP (VP had (NP permission )NP (PP from (NP the U.S. Environmental Protection Agency )NP )PP (ADVP prior (PP to (NP the spill )NP )PP )ADVP (S (VP to (VP use (NP *UNK )NP (PP during (NP such an incident )NP )PP (PP at (NP (NP the discretion )NP (PP of (NP the U.S. Coast *UNKC )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP The state 's )NP opposition )NP (PP to (NP (NP the use )NP (PP of (NP *UNK )NP )PP )NP )PP )NP (PRN , (S (NP Exxon )NP (VP says )VP )S , )PRN (VP caused (S (NP the Coast *UNKC )NP `` (VP to (VP delay (S (VP *UNKING (NP permission )NP )VP )S )VP )VP )S )VP . '' )S  STOP
(S (NP (UCP Alaskan and Coast Guard )UCP officials )NP (VP say (SBAR (S (NP (NP Exxon 's )NP charges )NP (VP are n't (ADJP relevant )ADJP (SBAR because (S (NP (NP tests )NP (VP conducted (PP during (NP (NP the first two days )NP (PP following (NP the spill )NP )PP )NP )PP )VP )NP (VP showed (SBAR that (S (NP the *UNK )NP (VP was n't (VP working (ADVP anyway )ADVP )VP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP of (NP *UNK )NP )PP )NP (VP was (VP approved (SBAR (WHADVP when )WHADVP (S (NP (NP a test )NP (PP on (NP the third day )NP )PP )NP (VP showed (NP some positive results )NP )VP )S )SBAR )VP )VP )S , (NP officials )NP (VP said )VP . )S  STOP
(S (NP (NP *UNKC Investment Ltd. )NP , (NP a (ADJP *UNKC , *UNKED )ADJP investment firm )NP , )NP (VP said (SBAR (S (NP it )NP (VP raised (NP (NP its stake )NP (PP in (NP *UNKC Industries )NP )PP )NP (PP to (NP (NP 8.9 % )NP (PP of (NP (NP the common shares )NP (ADJP outstanding )ADJP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP a Securities and Exchange Commission filing )NP )PP , (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP holds (NP (NP *UNKN *UNKC common shares )NP , (PP including (NP (NP net purchases )NP (PP of (NP (NP *UNKN shares )NP (VP bought (PP (PP from (NP Oct. 10 , 1988 )NP )PP , (PP to (NP Oct. 11 , 1989 )NP )PP )PP , (PP for (NP (NP (QP $ *UNKN to $ 7 )QP )NP (NP each )NP )NP )PP )VP )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP is (NP (NP the personal holding company )NP (PP of (NP (NP Steven *UNKC )NP , (NP a *UNKC securities dealer )NP )NP )PP )NP )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP the transaction )NP (VP was (VP made (PP for (NP investment purposes )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Officials )NP (PP for (NP (ADJP Sun Valley , *UNKED )ADJP *UNKC )NP )PP )NP (VP could n't (VP be (VP reached (PP for (NP comment )NP )PP )VP )VP )VP . )S  STOP
(S (PP In (NP (NP composite trading )NP (PP on (NP the American Stock Exchange )NP )PP )NP )PP , (NP *UNKC )NP (VP closed (ADJP unchanged )ADJP (NP yesterday )NP (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP )VP . )S  STOP
(S (NP The House Appropriations Committee )NP (VP approved (NP (NP an estimated (QP $ 2.85 billion )QP )NP (PP in (NP emergency funding )NP )PP (SBAR (S (VP (VP to (VP assist (NP (NP (NP California 's )NP recovery )NP (PP from (NP (NP last week 's )NP earthquake )NP )PP )NP )VP )VP and (VP to (VP extend (NP further aid )NP (PP to (NP (NP East Coast victims )NP (PP of (NP Hurricane Hugo )NP )PP )NP )PP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP The package )NP (VP was (VP *UNKED (S (ADJP excessive )ADJP )S (PP by (NP the Bush administration )NP )PP )VP )VP )S , but (S (NP it )NP (ADVP also )ADVP (VP *UNKED (NP (NP a struggle )NP (PP with (NP (NP influential California lawmakers )NP (SBAR (WHNP who )WHNP (S (VP sought (ADVP *UNKLY )ADVP (S (VP to (VP (VP add (NP (NP (QP nearly $ 1 billion )QP )NP (ADJP more )ADJP )NP )VP and (VP waive (NP current restrictions )NP (S (VP to (VP *UNK (NP (NP the distribution )NP (PP of (NP funds )NP )PP )NP )VP )VP )S )VP )VP )VP )S )VP )S )SBAR )NP )PP )NP )VP )S . )S  STOP
(S (S (PP By (NP a *UNKN margin )NP )PP , (NP the committee )NP (VP *UNKED (NP the (ADJP more expensive )ADJP alternative )NP )VP )S , and (S (NP the debate )NP (VP forced (NP (NP a *UNKED confrontation )NP (PP between (NP (NP (NP Appropriations Committee Chairman *UNKC Whitten )NP (PRN -LRB- (NP (NP D. )NP , (NP Miss . )NP )NP -RRB- )PRN )NP and (NP (NP (NP his party 's )NP largest state delegation )NP (PP in (NP the House )NP )PP )NP )NP )PP )NP )VP )S . )S  STOP
(SINV `` (S (NP I )NP (VP have (NP (NP no *UNK )NP (PP about (S (VP going (ADVP forward )ADVP )VP )S )PP )NP )VP )S , '' (VP said )VP (NP (NP Rep. *UNKC *UNKC )NP (PRN -LRB- (NP D. )NP , (NP Calif. )NP -RRB- )PRN , (SBAR (WHNP who )WHNP (S (VP sought (ADVP later )ADVP (S (VP to (VP play (PRT down )PRT (NP (NP the (ADJP sometimes hostile )ADJP tone )NP (PP of (NP the long evening meeting )NP )PP )NP )VP )VP )S )VP )S )SBAR )NP . )SINV  STOP
(S `` (S (NP We )NP (VP are (NP the Golden State )NP )VP )S (PRN , '' (S (NP Mr. *UNKC )NP (VP said )VP )S , `` )PRN and (S (NP there )NP (VP is (NP (NP a certain amount )NP (PP of (NP *UNK )NP )PP )NP )VP )S . '' )S  STOP
(S (NP The (ADJP (QP $ 2.85 billion )QP )ADJP package )NP (VP *UNK (NP (NP (NP (QP $ 500 million )QP )NP (PP for (NP small-business loans )NP )PP )NP , (NP (NP (QP $ 1 billion )QP )NP (PP in (NP highway construction funds )NP )PP )NP , and (NP (NP (QP $ 1.35 billion )QP )NP (VP divided (PP between (NP (NP general emergency assistance )NP and (NP (NP a reserve )NP (SBAR (S (VP to (VP be (ADJP available (PP to (NP President Bush )NP )PP (S (VP to (VP meet (NP (NP *UNKED costs )NP (PP from (NP the two disasters )NP )PP )NP )VP )VP )S )ADJP )VP )VP )S )SBAR )NP )NP )PP )VP )NP )NP )VP . )S  STOP
(S (NP The funding )NP (VP is (VP attached (PP to (NP (NP a *UNK bill )NP (SBAR (S (VP to (VP keep (S (NP (NP most )NP (PP of (NP the government )NP )PP )NP (VP operating (PP through (NP Nov. 15 )NP )PP )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (S (NP The measure )NP (VP is (VP expected (S (VP to (VP come (PP before (NP the House )NP )PP (NP today )NP )VP )VP )S )VP )VP )S , and (S (NP Congress )NP (VP is (PP under (NP pressure (S (VP to (VP complete (NP action )NP (PP before (NP (NP (NP midnight EDT )NP (NP tomorrow )NP )NP , (SBAR (WHADVP when )WHADVP (S (NP the current continuing resolution )NP (VP expires )VP )S )SBAR )NP )PP )VP )VP )S )NP )PP )VP )S . )S  STOP
(S (PP Given (NP (NP California 's )NP (NX (NX size )NX and (NX political importance )NX )NX )NP )PP , (NP the White House )NP (VP is (ADJP eager (S (VP to (VP appear (ADJP generous )ADJP )VP )VP )S )ADJP )VP . )S  STOP
(S But (PP in (NP private meetings )NP )PP (NP yesterday )NP , (NP Budget Director Richard Darman )NP (VP argued (SBAR that (S (NP (NP (QP only $ 1.5 billion )QP )NP (PP in (NP new federal appropriations )NP )PP )NP (VP are (VP needed (S (VP to (VP *UNK (NP existing resources )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP A White House budget office analysis )NP (VP estimates (SBAR that (S (NP (NP (QP $ 500 million )QP )NP -- or (NP (NP half the level )NP (PP in (NP the committee bill )NP )PP )NP -- )NP (VP is (VP needed (PP for (NP (NP highway assistance )NP (SBAR (S (VP to (VP meet (NP (NP California 's )NP needs )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP )S , and (S (NP the administration )NP (VP *UNK (NP the notion (SBAR that (S (NP new appropriations )NP (VP are (VP needed (S (VP to (VP finance (NP (NP disaster loans )NP (PP by (NP the Small Business Administration )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP )S . )S  STOP
(SINV `` (S (NP Everybody )NP (VP *UNK (SBAR (SBAR that (S (NP it )NP (VP is (NP a national disaster )NP )VP )S )SBAR and (SBAR that (S (NP we )NP (VP 've (VP got (S (VP to (VP address (NP it )NP )VP )VP )S )VP )VP )S )SBAR )SBAR )VP )S , '' (VP said )VP (NP (NP Mr. Darman )NP , (SBAR (WHNP who )WHNP (S (VP came (PP to (NP the Capitol )NP )PP (S (VP to (VP meet (PP with (NP (NP Mr. Whitten )NP and (NP California lawmakers )NP )NP )PP (PP before (NP the committee session )NP )PP )VP )VP )S )VP )S )SBAR )NP . )SINV  STOP
(S `` (NP I )NP (VP would (VP hope (ADVP very much )ADVP (SBAR that (S (NP we )NP (VP would n't (VP end (PRT up )PRT (PP in (NP (NP a kind )NP (PP of (NP situation )NP )PP (SBAR (WHADVP where )WHADVP (S (NP you )NP (VP have (NP (NP a bidding war )NP and then (NP a veto threat )NP )NP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (SBAR Although (S (NP this White House pressure )NP (VP was (ADVP clearly )ADVP (NP a factor )NP (PP among (NP committee Republicans )NP )PP )VP )S )SBAR , (NP no single influence )NP (VP was (ADJP greater (PP than (NP Mr. Whitten )NP )PP )ADJP )VP . )S  STOP
(S (S (NP (NP A master )NP (PP of (NP pork-barrel politics )NP )PP )NP )S , (NP he )NP (VP had (VP (VP *UNKED (NP the (ADJP (QP $ 2.85 billion )QP )ADJP package )NP (PP in (NP *UNK style )NP )PP )VP and (VP used (NP (NP the full force )NP (PP of (NP his *UNK )NP )PP )NP (S (VP to (VP (VP keep (S (NP the proposal )NP (ADJP intact )ADJP )S )VP and (VP *UNK (NP any alternative )NP )VP )VP )VP )S )VP )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP Mr. *UNKC )NP (VP offered (NP the *UNKED (ADJP (QP $ *UNKN billion )QP )ADJP plan )NP )VP )S )SBAR , (NP Mr. Whitten )NP (VP insisted (SBAR that (S (NP the full 14 pages )NP (VP be (VP read (ADVP *UNK )ADVP (PP by (NP (NP the panel 's )NP clerk )NP )PP (S (VP to (VP *UNK (NP (NP the range )NP (PP of (NP (NP legislative changes )NP (VP (ADVP also )ADVP sought (PP by (NP the delegation )NP )PP )VP )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (S (PP On (NP (NP the chairman 's )NP motion )NP )PP , (NP the California package )NP (VP was (ADVP subsequently )ADVP (VP reduced (PP to (NP *UNKING report language )NP )PP )VP )VP )S , and (S (SBAR even (WHADVP when )WHADVP (S (NP this )NP (VP was (VP accepted (PP as (NP such )NP )PP (PP on (NP a voice vote )NP )PP )VP )VP )S )SBAR , (NP Mr. Whitten )NP (ADVP *UNKLY )ADVP (VP opposed (NP it )NP )VP )S . )S  STOP
(SINV (ADJP More important (PP than (NP money )NP )PP )ADJP (PP in (NP many cases )NP )PP (VP are )VP (NP (NP *UNK )NP (SBAR (S (NP California )NP (VP is (VP seeking )VP )VP )S )SBAR (PP on (NP (NP current restrictions )NP (VP covering (NP federal highway funds )NP )VP , (PP such as (NP (NP a (ADJP (QP $ 100 million )QP )ADJP cap )NP (PP on (SBAR (WHNP how much )WHNP (S (NP any single state )NP (VP can (VP receive (PP in (NP emergency funds )NP )PP (PP in (NP a year )NP )PP )VP )VP )S )SBAR )PP )NP )PP )NP )PP )NP . )SINV  STOP
(S (S (NP (NP Mr. Whitten 's )NP package )NP (VP appears (S (VP to (VP accomplish (NP this purpose )NP )VP )VP )S )VP )S , but (S (NP the state )NP (VP faces (NP more resistance )NP (PP in (NP (NP its bid )NP (PP for (NP (NP an extended waiver )NP (PP on (S (VP having (S (VP to (VP put (PRT up )PRT (NP any matching funds )NP (PP on (NP (NP repairs )NP (VP completed (PP in (NP the next six months )NP )PP )VP )NP )PP )VP )VP )S )VP )S )PP )NP )PP )NP )PP )VP )S . )S  STOP
(S (S (NP A (NX (NX (NX member )NX (PP in (NP the House leadership )NP )PP )NX and (NX *UNKED legislator )NX )NX )NP )S , (NP Mr. *UNKC )NP (ADVP nonetheless )ADVP (VP found (S (NP himself )NP (VP *UNKED (PP (CONJP not only )CONJP (PP by (NP (NP California 's )NP needs )NP )PP but (PP by (NP (NP Hurricane Hugo amendments )NP (SBAR (S (NP he )NP (VP accepted (PP in (NP a *UNK effort (S (VP to (VP build (NP support )NP (PP in (NP the panel )NP )PP )VP )VP )S )NP )PP )VP )S )SBAR )NP )PP )PP )VP )S )VP . )S  STOP
(S (S (NP The California Democrat )NP (VP appeared (ADJP *UNKED (PP by (NP (NP provisions )NP (VP *UNKED (PP on (NP (NP behalf )NP (PP of (NP (NP owners )NP (PP of (NP (NP private *UNK )NP (PP in (NP the *UNKC *UNKC )NP )PP )NP )PP )NP )PP )NP )PP )VP )NP )PP )ADJP )VP )S , and (S (NP *UNK interests )NP (VP sought (S (VP to (VP add (NP (NP another (QP $ 100 million )QP )NP (PP in (NP federal aid )NP )PP (SBAR (S (VP to (VP plant (NP *UNK )NP (PP on (NP private land )NP )PP (PP in (NP North and South Carolina )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP )S . )S  STOP
(S (NP (NP California 's )NP high-priced real estate )NP (VP puts (NP it )NP (PP in (NP an *UNK position )NP )PP , (ADVP too )ADVP )VP . )S  STOP
(S (NP One provision )NP (NP last night )NP (VP would (VP have (VP raised (NP (NP the cap )NP (PP on (NP disaster loans )NP )PP )NP (PP to (NP $ 500,000 )NP )PP (PP from (NP (NP $ 100,000 )NP (PP per (NP household )NP )PP )NP )PP (S (VP to (VP accommodate (NP San Francisco losses )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP *UNKC *UNKC Systems Inc. )NP (VP said (SBAR (S (NP it )NP (VP retained (NP (NP Kidder , Peabody & Co. )NP (SBAR (S (VP to (VP study (NP (NP financial alternatives )NP , (PP including (NP (NP the possible sale )NP (PP of (NP the (ADJP financially struggling )ADJP company )NP )PP )NP )PP )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP (NP *UNKC )NP , (NP Mass. )NP )NP , )NP (VP makes (NP (NP *UNK electronic *UNK instruments )NP (VP used (PP by (NP professional recording *UNK )NP )PP )VP )NP )VP . )S  STOP
(S (NP It )NP (ADVP recently )ADVP (VP introduced (NP (NP a line )NP (PP for (NP the home market )NP )PP )NP )VP . )S  STOP
(S (ADVP However )ADVP , (NP (NP Raymond C. *UNKC )NP , (NP (NP chairman )NP and (NP chief executive )NP )NP , )NP (VP said `` (S (NP The company )NP (VP continues (S (VP to (VP require (NP additional funding )NP (S (VP to (VP realize (NP (NP the potential )NP (PP of (NP its technology )NP )PP )NP )VP )VP )S )VP )VP )S )VP )S )VP . '' )S  STOP
(S (PP In (NP (NP the year 's )NP first six months )NP )PP , (NP *UNKC )NP (VP had (NP (NP a loss )NP (PP of (NP (QP $ 6.9 million )QP )NP )PP (PP on (NP (NP sales )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Last month )NP (NP (NP its president )NP , (NP John S. *UNKLY )NP , )NP (VP resigned (S (VP citing (NP `` (NP management differences )NP '' (PP with (NP Mr. *UNKC )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC Systems Inc. )NP , (NP (NP *UNKC )NP , (NP Ariz. )NP , )NP )NP (VP said (SBAR (S (NP (NP its preliminary year-end results )NP (PP of (NP operations )NP )PP )NP (VP indicate (NP `` (NP substantial improvement )NP '' (PP over (NP the previous fiscal year )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP makes (NP (NP an *UNKED process system )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP (NP the yields )NP (PP of (NP semiconductor manufacturers )NP )PP )NP )VP )S )SBAR )NP )VP )S )SBAR , )NP (VP said (SBAR (S (NP (NP profit )NP (PP for (NP (NP the year )NP (VP ended (NP Sept. 30 )NP )VP )NP )PP )NP (VP rose (PP to (NP (QP more than $ 800,000 )QP )NP )PP (PP from (NP $ *UNKN )NP (NP last year )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Per-share earnings )NP (VP are (VP estimated (PP at (NP (QP more than 40 )QP cents )NP )PP , (ADVP up (PP from (NP (NP 22 cents )NP (PP for (NP fiscal 1988 )NP )PP )NP )PP )ADVP )VP )VP . )S  STOP
(S (NP Total revenue )NP (VP is (VP expected (S (VP to (VP double (PP to (NP (QP more than $ 22 million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (ADVP also )ADVP (VP provides (NP technical temporary employment services )NP (PP to (NP (NP (UCP aerospace , defense , computer and high-tech )UCP companies )NP (PP in (NP the (ADJP Southwest and *UNKC )ADJP areas )NP )PP )NP )PP )VP )S )SBAR , )NP (VP said (SBAR (S (NP its final *UNKED results )NP (VP are (ADJP due (PP in (NP late November )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP attributed (NP the improvement )NP (PP to (NP (NP (NP strong demand )NP (PP in (NP the semiconductor equipment segment )NP )PP )NP (CONJP as well as )CONJP (NP (NP (NP the acquisition )NP (PP of (NP *UNKC Service Co. )NP )PP )NP and (NP (NP the *UNK )NP (PP of (NP (NP (NP a full year 's )NP results )NP (PP of (NP (NP operations )NP (PP for (NP *UNKC Inc. )NP )PP )NP )PP , (PP compared (PP with (NP (NP (NP seven months ' )NP results )NP (PP for (NP the prior year )NP )PP )NP )PP )PP )NP )PP )NP )NP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC Corp. )NP , (NP Cleveland )NP , )NP (VP said (SBAR (S (NP it )NP (VP will (VP offer (NP (NP (QP $ 50 million )QP )NP (PP in (NP (NP commercial paper )NP (VP backed (PP by (NP *UNK- receivables )NP )PP )VP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The program )NP (VP *UNK (NP (NP funds )NP (VP raised (PP from (NP (NP the sale )NP (PP of (NP the commercial paper )NP )PP )NP )PP )VP )NP (PP with (NP (ADJP small to *UNKED )ADJP *UNK )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP termed (S (NP the paper )NP `` (ADJP *UNK- financing )ADJP )S , '' (S (VP meaning (SBAR that (S (NP investors )NP (VP would (VP be (VP repaid (PP from (NP the lease receivables )NP )PP , (PP rather than (ADVP directly (PP by (NP *UNKC Corp )NP )PP )ADVP )PP )VP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (VP leases and sells (NP (UCP *UNKING , telecommunications and (ADJP other high-tech )ADJP )UCP equipment )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP *UNKC (SBAR that (S (NP Moscow )NP (VP violated (NP the 1972 ABM treaty )NP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP a *UNK- address )NP (PP before (NP the Soviet legislature )NP )PP )NP )PP , (NP the foreign minister )NP (VP (VP conceded (SBAR that (S (NP (NP the radar station )NP (PP in (NP Krasnoyarsk )NP )PP )NP (VP *UNKED (NP the *UNK *UNKC *UNKC treaty )NP )VP )S )SBAR )VP and (VP said (SBAR (S (NP it )NP (VP would (VP be (VP *UNKED )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Shevardnadze )NP (VP said (SBAR (S (NP it )NP (VP took (NP (NP Gorbachev 's )NP government )NP (NP four years )NP (S (VP to (VP determine (SBAR that (S (NP (NP (NP the station 's )NP location )NP (PP in (NP *UNKC )NP )PP )NP (VP violated (NP the accord )NP , (SBAR as (S (NP Western arms-control officials )NP (VP have (ADVP long )ADVP (VP contended )VP )VP )S )SBAR )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (ADVP also )ADVP (VP *UNKED (NP (NP (NP Moscow 's )NP *UNK- involvement )NP (PP in (NP (NP the war )NP (PP in (NP Afghanistan )NP )PP )NP )PP )NP , (S (VP saying (SBAR (S (NP it )NP (VP involved `` (NP (NP gross violations )NP (PP of ... (NP (NP civil *UNK )NP and (NP ethics )NP )NP )PP )NP )VP )S )SBAR )VP )S )VP . '' )S  STOP
(S (NP (NAC Secretary (PP of (NP State )NP )PP )NAC Baker )NP , (PP in (NP his first major arms-control speech )NP )PP , (VP called (PP for (NP (NP a new military relationship )NP (PP with (NP Moscow )NP )PP )NP )PP (S (VP to (VP reduce (NP `` first strike '' nuclear arms )NP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC *UNKC *UNKC )NP (VP *UNKC (NP *UNKED transportation *UNK )NP )VP . )S  STOP
(S (S (NP Travelers )NP (VP (VP crowded (PP into (NP *UNK )NP )PP )VP , (VP sat (PP in (NP (NP traffic *UNK )NP (PP on (NP major *UNK )NP )PP )NP )PP )VP or (VP waited (PP for (NP *UNK )NP )PP (PP in (NP the rain )NP )PP )VP )VP )S , but (S (NP (NP the massive gridlock )NP (VP anticipated (PP by (NP (NP officials )NP (PP in (NP the San Francisco Bay area )NP )PP )NP )PP )VP )NP (ADVP never )ADVP (VP *UNKED )VP )S . )S  STOP
(S (S (SBAR As (S (NP (NP the death toll )NP (PP from (NP (NP last week 's )NP temblor )NP )PP )NP (VP climbed (PP to (NP 61 )NP )PP )VP )S )SBAR , (NP (NP the condition )NP (PP of (NP (NP freeway *UNK *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP spent (NP four days )NP (S (VP *UNKED (PP under (NP rubble )NP )PP )VP )S )VP )S )SBAR , )NP )PP )NP (VP improved )VP )S , (NP hospital officials )NP (VP said )VP . )S  STOP
(S (NP *UNKC *UNK )NP , (ADVP however )ADVP , (VP gave (PRT up )PRT (NP hope (SBAR that (S (NP others )NP (VP would (VP be (VP found (S (ADJP alive )ADJP )S (PP under (NP the collapsed *UNK )NP )PP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The House Appropriations Committee )NP (VP approved (NP (NP a (ADJP (QP $ 2.85 billion )QP )ADJP aid package )NP (PP for (NP the quake region )NP )PP , (ADJP less (PP than (NP (NP the (QP $ 3.8 billion )QP )NP (VP sought (PP by (NP California officials )NP )PP )VP )NP )PP )ADJP )NP )VP . )S  STOP
(S (NP Hungary )NP (VP (VP declared (S (NP itself )NP (NP a democracy )NP )S )VP and (VP (PP for (NP the first time )NP )PP (ADVP openly )ADVP *UNKED (NP (NP the anniversary )NP (PP of (NP (NP the *UNKN *UNK- *UNKING )NP (SBAR (WHNP that )WHNP (S (VP was (VP *UNKED (PP by (NP the Soviet Union )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP A crowd )NP (VP estimated (PP at (NP 100,000 )NP )PP )VP )NP (VP held (NP (NP a *UNK- *UNK )NP (PP through (NP *UNKC )NP )PP )NP (SBAR as (S (NP *UNKING President *UNKC )NP (VP delivered (NP (NP a (ADJP nationally televised )ADJP address )NP (VP *UNKING (NP communist *UNK )NP )VP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (QP About 200,000 )QP East Germans )NP (VP *UNKED (PP in (NP *UNKC )NP )PP )VP )S and (S (NP (NP thousands )NP (ADJP more )ADJP )NP (VP *UNKED (NP protests )NP (PP in (NP three other cities )NP )PP (PP in (NP (NP a fresh challenge )NP (PP to (NP the Communist leadership )NP )PP (S (VP to (VP introduce (NP democratic freedoms )NP )VP )VP )S )NP )PP )VP )S . )S  STOP
(S (S (PP In (NP an East Berlin *UNK )NP )PP , (ADVP meanwhile )ADVP , (NP (NP employees )NP (PP at (NP an electronics plant )NP )PP )NP (VP formed (NP (NP an independent trade union )NP (VP called (S (NP Reform )NP )S )VP )NP )VP )S , (NP a worker spokesman )NP (VP said )VP . )S  STOP
(S (NP The space shuttle *UNKC )NP (VP landed (PP at (NP (NP a desert air strip )NP (PP at (NP (NP Edwards Air Force *UNKC )NP , (NP Calif. )NP , )NP )PP )NP )PP (S (VP ending (NP (NP a *UNK- mission )NP (SBAR (WHNP that )WHNP (S (VP *UNKED (NP the *UNKC Galileo space probe )NP )VP )S )SBAR )NP )VP )S )VP . )S  STOP
(S (NP The five *UNK )NP (VP returned (PP to (NP Earth )NP )PP (ADVP (NP (QP about three )QP hours )NP early )ADVP (SBAR because (S (NP high *UNK )NP (VP had (VP been (VP predicted (PP at (NP the landing site )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP *UNKED (NP the base )NP (PP before (NP *UNK )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP shook (NP (NP a Phillips Petroleum Co. plastics plant )NP (PP near (NP (NP *UNKC )NP , (NP Texas )NP , )NP )PP )NP (S (VP (VP *UNKING (NP *UNK )NP )VP and (VP causing (NP (NP a fire )NP (ADJP visible (PP from (NP 10 miles away )NP )PP )ADJP )NP )VP )VP )S )VP . )S  STOP
(S (S (NP (QP More than 100 )QP people )NP (VP were (VP injured )VP )VP )S , and (S (NP (NP a number )NP (PP of (NP workers )NP )PP )NP (VP were (ADJP missing )ADJP )VP )S . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP the Houston *UNKC Channel )NP )PP )NP (VP were (VP closed )VP )VP . )S  STOP
(S (NP The White House )NP (VP said (SBAR (S (NP Bush )NP (VP is (VP *UNKING (PP with (NP (NP leaders )NP (PP of (NP the Senate Intelligence Committee )NP )PP )NP )PP (S (VP to (VP ease (NP (NP differences )NP (PP over (NP (NP guidelines )NP (PP for (NP CIA agents )NP )PP )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The statement )NP (VP came (SBAR after (S (NP officials )NP (VP said (SBAR (S (NP Bush )NP (VP complained (PP at (NP a private meeting )NP )PP (NP last week )NP (SBAR that (S (NP (NP a strict interpretation )NP (PP of (NP a policy )NP )PP )NP (VP requires (S (NP the U.S. )NP (VP to (VP *UNK (NP foreign *UNK )NP (PP of (NP certain coup *UNK )NP )PP )VP )VP )S )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Lebanon 's )NP Gen. Aoun )NP (VP placed (NP Christian military forces )NP (PP on (NP alert )NP )PP (PP in (NP (NP case )NP (PP of (NP (NP renewed fighting )NP (PP with (NP *UNKED *UNKC )NP )PP )NP )PP )NP )PP (SBAR after (S (NP (NP Lebanon 's )NP two main *UNKC *UNK )NP (VP rejected (NP an *UNKED peace accord )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The plan )NP , (VP (VP approved (PP by (NP lawmakers )NP )PP )VP and (VP rejected (NP Sunday )NP (PP by (NP Aoun )NP )PP )VP )VP , )NP (VP includes (NP (NP political changes )NP (VP aimed (PP at (S (VP ending (NP the *UNK- civil war )NP )VP )S )PP )VP )NP )VP . )S  STOP
(S (NP NATO defense ministers )NP (VP are (VP expected (S (VP to (VP call (PP for (NP (NP a reduction )NP (PP in (NP (NP nuclear forces )NP (PP in (NP Europe )NP )PP )NP )PP )NP )PP (SBAR (WHADVP when )WHADVP (S (NP (NP the alliance 's )NP nuclear planning group )NP (VP *UNK (NP a two-day session )NP (NP today )NP (PP in (NP *UNKC )NP )PP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (NP The ministers )NP (VP are (S (VP to (VP *UNK (NP (NP (NP NATO 's )NP *UNK )NP (PP in (NP Western Europe )NP )PP )NP (PP amid (NP (NP *UNKED changes )NP (PP in (NP the Soviet bloc )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP Iran 's )NP President *UNKC )NP (VP (VP offered (S (VP to (VP help (S (VP gain (NP freedom )NP (PP for (NP (NP Western *UNK )NP (PP in (NP Lebanon )NP )PP )NP )PP )VP )S )VP )VP )S )VP , but (VP said (SBAR (S (NP the assistance )NP (VP was (ADJP *UNK (PP on (NP (NP (NP U.S. aid )NP (PP in (S (VP *UNKING (NP (NP the cases )NP (PP of (NP (NP three *UNKC )NP (VP *UNKED (PP in (NP Lebanon )NP )PP (PP in (NP 1982 )NP )PP )VP )NP )PP )NP )VP )S )PP )NP or (NP (NP the release )NP (PP of (NP frozen Iranian assets )NP )PP )NP )NP )PP )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Washington )NP (VP rejected (NP the bid )NP , (S (VP saying (SBAR (S (NP the *UNK )NP (VP were n't (VP linked (PP to (NP other issues )NP )PP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (S (NP PLO leader Arafat )NP (VP asked (NP *UNKC )NP (S (VP to (VP seek (NP (NP *UNK )NP )NP (PP from (NP the U.S. )NP )PP (PP on (NP (NP (NP (NAC Secretary (PP of (NP State )NP )PP )NAC Baker 's )NP plan )NP (PP for (NP *UNKC peace talks )NP )PP )NP )PP )VP )VP )S )VP )S , (NP (NP an aide )NP (PP to (NP *UNKC President *UNKC )NP )PP )NP (VP said )VP . )S  STOP
(S (NP The official )NP (VP *UNKED (SBAR that (S (NP the PLO )NP (VP has n't (VP rejected (NP the *UNK- formula )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Commonwealth leaders )NP (VP turned (PP to (NP (NP issues )NP (VP ranging (PP (PP from (NP drugs )NP )PP (PP to (NP the world economy )NP )PP )PP )VP )NP )PP (SBAR after (S (NP (NP *UNKC 's )NP President *UNKC )NP (VP called (S (NP (NP (NP Thatcher 's )NP views )NP (PP on (NP South Africa )NP )PP )NP `` (ADJP *UNK )ADJP )S )VP )S )SBAR )VP . '' )S  STOP
(S (PP At (NP (NP a meeting )NP (PP in (NP Malaysia )NP )PP )NP )PP , (NP Australia and Canada )NP (ADVP also )ADVP (VP *UNKED (NP the British prime minister )NP (PP for (S (VP *UNKING (NP (NP the *UNK- group 's )NP call (SBAR for (S (NP *UNKC )NP (VP to (VP ease (NP apartheid )NP )VP )VP )S )SBAR )NP )VP )S )PP )VP . )S  STOP
(S (NP CMS *UNKC Inc. )NP (VP said (SBAR (S (NP it )NP (VP estimates (SBAR that (S (NP (NP sales and earnings )NP (PP for (NP (NP the fiscal first quarter )NP (VP ended (NP Sept. 30 )NP )VP )NP )PP )NP (VP fell (ADVP somewhat )ADVP (PP from (NP the year-earlier period )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Jim *UNKC )NP , (NP (NP chief executive officer )NP (PP of (NP the (NAC *UNKC , Calif. , )NAC computer *UNK supplier )NP )PP )NP , )NP (VP said (SBAR (S (NP he )NP (VP was (ADJP `` comfortable '' (PP with (NP (NP analysts ' )NP expectations (SBAR that (S (NP CMS )NP (VP would (VP earn (NP (PP between (NP (NP six cents )NP and (NP eight cents )NP )NP )PP (NP a share )NP )NP (PP on (NP (NP revenue )NP (PP of (NP (QP about $ 42 million )QP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (ADVP (NP A year )NP earlier )ADVP , (NP CMS )NP (VP posted (NP (NP profit )NP (PP of (NP (NP (QP $ 1.1 million )QP )NP , or (NP (NP 13 cents )NP (NP a share )NP )NP , )NP )PP (PP on (NP (NP sales )NP (PP of (NP (QP $ 48 million )QP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP This time )NP , (NP there )NP (VP are (NP (NP (ADJP (NP 30 % )NP more )ADJP shares )NP (ADJP outstanding )ADJP )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP attributed (NP the decline )NP (PP to (NP (NP an industrywide softening )NP (PP of (NP (NP demand )NP (PP for (NP computer *UNK products )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP *UNKC Capital Trust )NP (VP said (SBAR (S (NP it )NP (VP dropped (NP its plan (S (VP to (VP *UNK )VP )VP )S )NP (SBAR because (S (NP it )NP (VP was n't (ADJP able (S (VP to (VP realize (NP (NP the value )NP (SBAR (S (NP it )NP (VP had (VP expected )VP )VP )S )SBAR )NP )VP )VP )S )ADJP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP said (SBAR (S (NP it )NP (VP will (VP (VP buy (PRT back )PRT (NP (NP (QP two million )QP shares )NP , or (NP *UNKN % )NP , (PP of (NP (NP the total )NP (ADJP outstanding )ADJP )NP )PP )NP )VP , and (VP continue (NP operations )NP (S (VP buying and managing (NP real estate )NP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC Capital )NP , (SBAR (WHNP which )WHNP (S (VP is (VP based (PP in (NP Boston )NP )PP )VP )VP )S )SBAR , )NP (VP had (VP told (NP shareholders )NP (SBAR (S (NP it )NP (VP expected (S (VP to (VP distribute (NP (NP (NP (QP at least $ 21 )QP )NP (NP a share )NP )NP , or (NP (QP $ *UNKN million )QP )NP , )NP (PP in (NP a liquidation )NP )PP )VP )VP )S , (PP based (PP on (NP (NP an expected asset sale price )NP (PP of (NP (QP $ *UNKN million or more )QP )NP )PP )NP )PP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP it )NP (VP did n't (VP receive (NP (NP an offer )NP (SBAR (S (NP it )NP (VP wanted (S (VP to (VP accept )VP )VP )S )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (PP As (NP (NP a result )NP (PP of (S (VP dropping (NP the liquidation plan )NP )VP )S )PP )NP )PP , (NP shareholders )NP (VP will (VP have (S (VP to (VP treat (NP (NP dividends )NP (VP received (NP this year )NP )VP )NP (PP (PP as (NP (NP ordinary income )NP or (NP capital gains )NP )NP )PP (CONJP rather than )CONJP (PP as (NP (NP tax free returns )NP (PP of (NP capital )NP )PP )NP )PP )PP )VP )VP )S )VP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP The share repurchase )NP (VP will (VP be (VP funded (PP (ADVP mostly )ADVP from (NP borrowings )NP )PP )VP )VP )VP . )S  STOP
(S (NP *UNKC *UNKC Corp. )NP (VP said (SBAR (S (NP its net income )NP (VP was (NP (NP (NP (NP (QP $ 3.1 million )QP )NP , or (NP (NP 15 cents )NP (NP a share )NP )NP )NP , (PP in (NP the third quarter )NP )PP , )NP (NP (NP (QP more than four times )QP its profit )NP (PP of (NP (NP $ *UNKN )NP , or (NP (NP three cents )NP (NP a share )NP )NP )NP )PP , (NP last year )NP )NP )NP )VP )S )SBAR )VP . )S  STOP
(SINV (VP *UNKED (PP in (NP the results )NP )PP )VP (VP was )VP (NP (NP an adjustment )NP (PP to (NP (NP (NP the *UNKED company 's )NP tax rate )NP (SBAR (WHNP that )WHNP (S (VP reduced (NP net income )NP (PP by (NP (NP (NP (QP about 10 )QP cents )NP (NP a share )NP )NP , or (NP (QP approximately $ 2 million )QP )NP )NP )PP )VP )S )SBAR )NP )PP )NP . )SINV  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP increased (NP its effective tax rate )NP (PP to (NP 52 % )NP )PP (PP from (NP 47 % )NP )PP (S (VP to (VP account (PP for (NP (NP potential liabilities )NP (VP related (PP to (NP (NP an Internal Revenue Service investigation )NP (PP of (NP its tax returns )NP )PP )NP )PP )VP )NP )PP (PP for (NP (NP the years )NP (NP (NP 1984 )NP (PP through (NP 1988 )NP )PP )NP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The newspaper and television owner )NP (VP said (SBAR (S (NP it )NP (VP expects (S (NP the tax adjustment )NP (VP to (VP reduce (NP (NP its net income )NP (PP for (NP the full year )NP )PP )NP (PP by (NP (NP (NP 14 cents )NP , or (NP (QP approximately $ 2.8 million )QP )NP )NP )NP )PP (PP based (PP on (NP (NP its (QP *UNKN million )QP shares )NP (ADJP outstanding )ADJP )NP )PP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP the third quarter )NP )PP , (NP *UNKC )NP (VP said (SBAR (S (NP its revenue )NP (VP increased (NP 11 % )NP , (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP (NP last year )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP the company )NP (VP had (NP (NP net income )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 74 cents )NP (NP a share )NP )NP )NP )PP , (ADVP up (NP 98 % )NP (PP from (NP (NP (QP $ 7.6 million )QP )NP , or (NP (NP 38 cents )NP (NP a share )NP )NP )NP (NP last year )NP )PP )ADVP )NP )VP . )S  STOP
(S (NP Revenue )NP (VP grew (NP (QP almost 8 )QP % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP (NP last year )NP )PP )VP . )S  STOP
(S (NP A federal judge )NP (VP granted (NP (NP a temporary stay )NP (PP of (NP (NP the California *UNKC *UNKC Commission 's )NP emergency action (S (VP to (VP stop (S (VP *UNKING (NP (NP loans )NP (PP for (NP (NP National *UNKC *UNKC )NP , (NP (NP a unit )NP (PP of (NP United Education & *UNKC Inc )NP )PP )NP )NP )PP )NP )VP )S )VP )VP )S )NP )PP )NP )VP . )S  STOP
(S (S (NP The California *UNKC *UNKC Commission )NP (VP took (NP the action )NP (NP Oct. 15 )NP (SBAR after (S (NP a government audit )NP (VP cited (NP National *UNKC *UNKC )NP (PP for (S (VP (VP having (NP (NP courses )NP (ADJP too short (SBAR (S (VP to (VP be (ADJP eligible (PP for (NP the educational loan program )NP )PP )ADJP )VP )VP )S )SBAR )ADJP )NP )VP and (VP having (NP (NP a student *UNK- rate )NP (PP (ADVP far )ADVP in (NP (NP excess )NP (PP of (NP federal standards )NP )PP )NP )PP )NP )VP )VP )S )PP )VP )S )SBAR )VP )S , and (S (NP it )NP (VP alleged (NP (NP other serious violations )NP (PP of (NP law and regulations )NP )PP )NP )VP )S . )S  STOP
(S (NP (NP United Education & *UNKC )NP , (NP a Los Angeles education services company )NP , )NP (VP called (S (NP (NP the commission 's )NP action )NP `` (ADJP *UNK and *UNKED )ADJP )S )VP . '' )S  STOP
(S (NP The court )NP (VP set (NP (NP a hearing )NP (PP on (NP the emergency action )NP )PP )NP (PP for (NP Oct. 30 )NP )PP )VP . )S  STOP
(S (NP United Education & *UNKC )NP (VP posted (NP a (ADJP $ 250,000 )ADJP bond )NP (PP against (NP (NP potential losses )NP (PP (PP to (NP the student aid commission )NP )PP and (PP to (NP taxpayers )NP )PP )PP (PP in (S (VP *UNKING (NP (NP any more loans )NP (PP for (NP National *UNKC *UNKC students )NP )PP )NP (ADVP prior (PP to (NP the hearing )NP )PP )ADVP )VP )S )PP )NP )PP )VP . )S  STOP
(S (NP (NP A decline )NP (PP in (NP (NP Allied-Signal Inc. 's )NP automotive business )NP )PP )NP (VP contributed (PP to (NP (NP (NP flat sales )NP and (NP (ADJP only slightly higher )ADJP earnings )NP )NP (PP in (NP the third quarter )NP )PP )NP )PP )VP . )S  STOP
(S (NP Allied-Signal )NP (VP reported (SBAR that (S (NP net )NP (VP rose (NP 1.7 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 81 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ 119 million )QP )NP , or (NP (NP 80 cents )NP (NP a share )NP )NP )NP , (NP the year earlier )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Sales )NP (VP slipped (NP 1.3 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP (NP the (ADJP Morris *UNKC , *UNKED )ADJP company )NP , (PP with (NP (NP businesses )NP (PP in (NP (NP aerospace )NP , (NP automotive products )NP and (NP engineered materials )NP )NP )PP )NP )PP , )NP (VP earned (NP (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN cents )NP (NP a share )NP )NP )NP , (ADVP up (NP 15 % )NP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )ADVP )NP )VP . )S  STOP
(S (NP Sales )NP (VP eased (NP 0.2 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP Chairman Edward L. *UNKC Jr. )NP (VP said (SBAR that (S (NP (NP a drop )NP (PP in (NP (NP sales )NP (PP of (NP auto and truck parts )NP )PP )NP )PP )NP (VP contributed (PP to (NP (NP lower earnings )NP (PP in (NP the automotive unit )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (ADVP also )ADVP (VP cited (NP (NP unfavorable foreign-exchange rates )NP and (NP a lower tax rate )NP )NP )VP . )S  STOP
(S (NP (NP Earnings )NP (PP for (NP the group )NP )PP )NP (VP declined (PP to (NP (QP $ 11 million )QP )NP )PP (PP from (NP (QP $ 33 million )QP )NP (NP last year )NP )PP )VP . )S  STOP
(S (NP (NP Earnings )NP (PP at (NP (NP Allied-Signal 's )NP aerospace business )NP )PP )NP (VP rose (PP to (NP (QP $ 55 million )QP )NP )PP (PP from (NP (QP $ 41 million )QP )NP (ADVP (NP a year )NP ago )ADVP )PP , (PP (ADVP primarily )ADVP on (NP (NP higher sales and profit )NP (PP in (NP its (NX (NX engines )NX and (NX *UNK power units )NX )NX )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP (NP yesterday )NP , (NP Allied-Signal shares )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP off (NP 87.5 cents )NP )ADVP )VP . )S  STOP
(S (NP The National *UNKC *UNKC Safety Administration )NP (VP said (SBAR (S (NP it )NP (VP will (VP start (S (VP *UNKING (NP (NP *UNK regulations )NP )NP )VP )S (NP Jan. 31 )NP (PP for (NP (NP (ADJP so-called *UNK- )ADJP imports )NP (PP of (NP vehicles )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The regulations )NP , (VP required (PP under (NP (NP legislation )NP (VP enacted (PP by (NP Congress )NP )PP (NP last year )NP )VP )NP )PP )VP , )NP (VP will (VP apply (PP to (NP (NP imports )NP (PP of (NP (NP vehicles )NP (SBAR (WHNP that )WHNP (S (VP (VP were n't (VP built (S (VP to (VP meet (NP U.S. government auto safety standards )NP )VP )VP )S )VP )VP and (VP were (VP intended (PP for (NP (NP use )NP (UCP (PP in (NP Europe )NP )PP or (ADVP elsewhere abroad )ADVP )UCP )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP U.S. officials )NP (VP estimated (SBAR that (S (NP *UNK- imports )NP (VP total (NP (NP (NP (QP about *UNKN )QP units )NP (NP a year )NP )NP , (NP (NP a small part )NP (PP of (NP (NP the (QP more than three million )QP vehicles )NP (VP exported (PP to (NP the U.S. )NP )PP (NP each year )NP )VP )NP )PP )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (PP According (PP to (NP the *UNKC )NP )PP )PP , (NP the new regulations )NP (VP will (VP prohibit (NP (NP anyone )NP (ADJP other (PP than (NP (NP (NP an *UNK )NP (SBAR (WHNP that )WHNP (S (VP has (VP registered (PP with (NP the U.S. government )NP )PP )VP )VP )S )SBAR )NP , or (NP (NP a person )NP (SBAR (WHNP who )WHNP (S (VP has (NP (NP a contract )NP (PP with (NP a registered *UNK )NP )PP )NP )VP )S )SBAR )NP , )NP )PP )ADJP )NP (PP from (S (ADVP *UNKLY )ADVP (VP *UNKING (NP (NP a vehicle )NP (SBAR (WHNP that )WHNP (S (VP does n't (VP meet (NP the U.S. auto safety standards )NP )VP )VP )S )SBAR )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP The registered *UNK )NP (VP would (VP be (VP required (S (VP to (VP bring (NP such vehicles )NP (PP into (NP (NP compliance )NP (PP with (NP the U.S. safety standards )NP )PP )NP )PP )VP )VP )S , (PP compared (PP with (NP (NP the current situation )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP anyone )NP (VP can (VP (VP bring (PRT in )PRT (NP such vehicles )NP )VP and (VP *UNK (NP them )NP (S (VP to (VP meet (NP the U.S. standards )NP )VP )VP )S )VP )VP )VP )S )SBAR )NP )PP )PP )VP )VP )VP . )S  STOP
(S (NP Congress )NP (VP *UNKED (NP (NP auto safety standards )NP (PP for (NP *UNK- imports )NP )PP )NP (SBAR after (S (NP (NP U.S. auto dealers )NP , (PP including (NP *UNKED *UNK- dealers )NP )PP , )NP (VP complained (SBAR that (S (NP they )NP (ADVP often )ADVP (VP were (VP blamed (SBAR (WHADVP when )WHADVP (S (NP (NP the second and third buyers )NP (PP of (NP such vehicles )NP )PP )NP (VP found (SBAR that (S (NP the cars )NP (VP could n't (VP meet (NP U.S. auto safety standards )NP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Corp. )NP (VP said (SBAR (S (NP it )NP (VP expects (S (VP to (VP report (NP (NP net income )NP (PP (PP between (NP (NP (QP $ 6.4 million )QP )NP and (NP (QP $ 6.9 million )QP )NP )NP )PP , or (PP between (NP (NP (NP 32 cents )NP and (NP 34 cents )NP )NP (NP a share )NP )NP )PP , )PP )NP (PP for (NP (NP its fourth quarter )NP (VP ended (NP Sept. 30 )NP )VP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP the year-ago quarter )NP )PP , (NP the software developer )NP (VP reported (NP (NP pro *UNK earnings )NP (PP of (NP (NP (QP $ 4.8 million )QP )NP , or (NP (NP 24 cents )NP (NP a share )NP )NP )NP )PP )NP )VP . )S  STOP
(S (NP (ADJP Vienna , *UNKED )ADJP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP expects (S (VP to (VP post (NP (NP revenue )NP (PP for (NP the quarter )NP )PP (PP of (NP (QP more than $ 31 million )QP )NP )PP , (PP compared (PP with (NP (NP pro *UNK revenue )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP (PP in (NP 1988 )NP )PP )NP )PP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP the fiscal year )NP )PP , (NP the company )NP (VP said (SBAR (S (NP it )NP (VP anticipates (S (VP reporting (NP (NP earnings )NP (PP of (NP (NP (QP $ 23 million )QP )NP , or (NP (NP about $ 1.15 )NP (NP a share )NP )NP , )NP )PP (PP including (NP (NP a charge )NP (PP of (NP (NP (QP about $ 5.9 million )QP )NP , or (NP (NP 22 cents )NP (NP a share )NP )NP , )NP )PP (VP related (PP to (NP (NP the merger )NP (SBAR (WHNP that )WHNP (S (VP created (NP *UNKC )NP (PP out (PP of (NP (NP *UNKC Systems Inc. )NP and (NP *UNKC Inc. )NP )NP )PP )PP (PP in (NP March 1989 )NP )PP )VP )S )SBAR )NP )PP )VP )NP )PP )NP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Revenue )NP (PP for (NP fiscal 1989 )NP )PP )NP (VP is (VP expected (S (VP to (VP exceed (NP (QP $ *UNKN million )QP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNK earnings )NP (PP for (NP fiscal 1988 )NP )PP )NP (VP were (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 99 cents )NP (NP a share )NP )NP , )NP (PP on (NP (NP revenue )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP attributed (NP (NP much )NP (PP of (NP (NP the growth )NP (PP in (NP earnings )NP )PP )NP )PP )NP (PP to (NP (NP increased demand )NP (PP for (NP its systems productivity software )NP )PP )NP )PP )VP . )S  STOP
(S (NP *UNKC Corp. )NP (VP said (SBAR (S (NP it )NP (VP expects (S (VP to (VP report (NP (NP net income )NP (PP for (NP (NP its fiscal year )NP (VP ended (NP Sept. 29 )NP )VP )NP )PP (PP of (NP (NP a record (QP $ 15 million )QP )NP , or (NP (NP $ 1.15 )NP (NP a share )NP )NP , )NP )PP (ADVP up (NP 43 % )NP (PP from (NP (NP (QP $ 10.5 million )QP )NP , or (NP (NP 80 cents )NP (NP a share )NP )NP , (PP for (NP the prior year )NP )PP )NP )PP )ADVP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The (NAC Costa Mesa , Calif. , )NAC maker )NP (PP of (NP computer tape drives )NP )PP )NP (ADVP also )ADVP (VP projected (NP (NP record revenue )NP (PP for (NP the year )NP )PP (PP of (NP (QP $ *UNKN million )QP )NP )PP , (ADVP up (PP from (NP (NP (QP $ *UNKN million )QP )NP (PP for (NP the previous year )NP )PP )NP )PP )ADVP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP attributed (NP the gains )NP (PP to (NP (NP (NP strong demand )NP (PP for (NP its products )NP )PP )NP , (NP (NP continued growth )NP (PP of (NP the *UNK market )NP )PP )NP and (NP (NP the acquisition )NP (PP of (NP Maynard Electronics )NP )PP (PP in (NP February )NP )PP , (SBAR (WHNP which )WHNP (S (VP accounted (PP for (NP (NP (QP about 14 )QP % )NP (PP of (NP (NP the company 's )NP revenue )NP )PP )NP )PP )VP )S )SBAR )NP )NP )PP )VP . )S  STOP
(S (NP *UNKC Corp. )NP (VP said (SBAR (S (NP (NP a reserve )NP (SBAR (S (NP it )NP (VP is (VP establishing (S (VP to (VP cover (NP (NP expected pollution cleanup costs )NP (PP at (NP an Ohio plant )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )NP (VP reduced (NP its third-quarter net income )NP (PP by (NP (QP $ 1.9 million )QP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP has (NP (NP annual sales )NP (PP of (NP (QP about $ 100 million )QP )NP )PP )NP )VP )S )SBAR , )NP (VP declined (S (VP to (VP say (SBAR if (S (NP it )NP (VP would (VP post (NP a loss )NP (PP in (NP the third quarter )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP The (ADJP *UNKC , *UNKED )ADJP company )NP (VP earned (NP $ *UNKN )NP (PP in (NP the quarter )NP )PP (NP last year )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP (VP is (VP setting (PRT aside )PRT (NP (QP $ 3.1 million )QP )NP (PP for (NP the cleanup )NP )PP )VP )VP , but (VP said (SBAR (S (NP the reserve )NP (VP reduced (NP its quarterly income )NP (PP by (NP (QP only $ 1.9 million )QP )NP )PP (PP because of (NP tax considerations )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP the manufacturer )NP (VP said (SBAR (S (NP it )NP (VP signed (NP (NP a consent *UNK )NP (PP with (NP Ohio )NP )PP (SBAR (S (VP to (VP build (NP a (ADJP (QP $ 1.4 million )QP )ADJP *UNK- facility )NP (PP at (NP the *UNKC chemical manufacturing plant )NP )PP (PP by (NP Aug. 1 , 1990 )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP is (NP (NP one )NP (PP of (NP (NP (QP at least 17 )QP companies )NP (VP notified (PP by (NP the Environmental Protection Agency )NP )PP (SBAR that (S (NP they )NP (VP may (VP be (ADJP potentially responsible (PP for (S (VP cleaning (PRT up )PRT (NP (NP the *UNKC *UNKC *UNKED )NP (PP near (NP (NP *UNKC 's )NP *UNKC plant )NP )PP )NP (PP at (NP (NP a total cost )NP (SBAR (S (NP the EPA )NP (VP estimates (PP at (NP (NP (QP $ 48 million )QP )NP -- (NP (NP a figure )NP (SBAR (S (NP *UNKC )NP (VP said (SBAR (S (NP the companies )NP (VP dispute )VP )S )SBAR )VP )S )SBAR )NP )NP )PP )VP )S )SBAR )NP )PP )VP )S )PP )ADJP )VP )VP )S )SBAR )VP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP First Executive Corp. )NP (VP said (SBAR (S (NP (NP (QP about 96 )QP % )NP (PP of (NP the rights (S (VP to (VP purchase (NP its depositary shares and warrants )NP )VP )VP )S )NP )PP )NP (VP have (VP been (VP exercised )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (PP Of (NP (NP the (QP *UNKN million )QP rights units )NP (VP issued )VP )NP )PP , (NP (NP (QP just under 17 million )QP )NP )NP (VP were (VP exercised (PP before (NP (NP the Oct. 10 expiration )NP (PP of (NP the offering )NP )PP )NP )PP )VP )VP )S , (NP the insurance holding company )NP (VP said )VP . )S  STOP
(S (NP *UNKING units )NP (VP will (VP be (VP sold (PP to (NP (NP the underwriters )NP , (NP (NP Drexel Burnham Lambert Inc. )NP and (NP Kidder , Peabody & Co. )NP )NP , (SBAR (WHNP which )WHNP (S (VP will (ADVP also )ADVP (VP purchase (NP (NP an *UNK- )NP (PP of (NP (QP 2.3 million )QP additional units )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S (NP First Executive )NP (VP said (SBAR (S (NP the offering )NP (VP will (VP raise (NP (NP (QP about $ *UNKN million )QP )NP (PRN -- (PP *UNK (NP (NP underwriting fees )NP and (NP other expenses )NP )NP )PP -- )PRN (SBAR (WHNP that )WHNP (S (NP the company )NP (VP plans (S (VP to (VP use (S (VP to (VP write (NP new life insurance and *UNK business )NP )VP )VP )S )VP )VP )S )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP analysts )NP (VP have (VP viewed (NP the rights offering )NP (PP as (NP (NP a takeover defense )NP (SBAR (WHNP that )WHNP (S (ADVP *UNKLY )ADVP (VP *UNK (NP (NP the number )NP (PP of (NP (NP shares )NP (ADJP outstanding )ADJP )NP )PP )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP Each )NP (PP of (NP the units )NP )PP )NP (VP consists (PP of (NP (NP (NP two warrants )NP , (SBAR (WHNP (NP each )NP (WHPP of (WHNP which )WHNP )WHPP )WHNP (S (VP could (VP be (VP used (S (VP to (VP purchase (NP (NP a *UNK- )NP (PP of (NP common stock )NP )PP )NP )VP )VP )S )VP )VP )VP )S )SBAR , )NP and (NP one depositary preference share )NP )NP )PP )VP . )S  STOP
(S (NP *UNKC shares )NP (VP are (ADJP convertible (PP into (NP common stock )NP )PP (PP on (NP a *UNKN basis )NP )PP )ADJP )VP . )S  STOP
(S (ADVP Currently )ADVP , (NP the company )NP (VP has (NP (NP (QP about *UNKN million )QP common shares )NP (ADJP outstanding )ADJP )NP )VP . )S  STOP
(S (PP In (NP over-the-counter trading )NP )PP (NP Monday )NP , (NP the stock )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP off (NP 37.5 cents )NP )ADVP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC 'S )NP *UNKC )NP (VP *UNKED (NP (NP any prospects )NP (PP for (NP (NP an immediate revival )NP (PP of (NP the labor-management buy-out )NP )PP )NP )PP )NP , (S (VP saying (SBAR (S (NP UAL )NP (VP should (VP remain (ADJP independent )ADJP (PP for (NP now )NP )PP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (ADVP Also )ADVP , (NP UAL Chairman Stephen Wolf )NP (VP pulled (PP out (PP of (NP the buy-out effort )NP )PP )PP (S (VP to (VP focus (PP on (S (VP running (NP the company )NP )VP )S )PP )VP )VP )S )VP . )S  STOP
(S (NP The two developments )NP (VP leave (NP the airline )NP (PP with (NP (NP several problems )NP , (PP including (NP an unsettled labor situation )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP Stock prices )NP (VP fell )VP )S and (S (NP bonds )NP (VP rose )VP )S (SBAR as (S (NP (NP worries )NP )NP (VP mounted (PP about (NP (NP the economy )NP and (NP the junk bond market )NP )NP )PP )VP )S )SBAR . )S  STOP
(S (NP The Dow Jones industrials )NP (VP sank (NP *UNKN points )NP , (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP The dollar )NP (ADVP also )ADVP (VP declined )VP . )S  STOP
(S (S (NP (NP The turmoil )NP (PP in (NP junk bonds )NP )PP )NP (VP may (VP last (PP for (NP years )NP )PP )VP )VP )S , (NP investors and traders )NP (VP say )VP . )S  STOP
(S (NP Even Drexel )NP (VP is (VP pulling (PRT back )PRT )VP )VP . )S  STOP
(S (NP Santa Fe Pacific )NP (VP plans (S (VP to (VP (VP sell (NP (NP 20 % )NP (PP of (NP its large real estate unit )NP )PP )NP (PP to (NP a California pension fund )NP )PP (PP for (NP (QP $ 400 million )QP )NP )PP )VP and (VP spin (NP the rest )NP (PRT off )PRT (PP to (NP shareholders )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP The proposal )NP (VP values (NP (NP the company 's )NP real estate operation )NP (PP at (NP (QP $ 2 billion )QP )NP )PP )VP . )S  STOP
(S (NP Time Warner )NP (VP reported (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP loss )NP (PP for (NP the third quarter )NP )PP )NP , (S (VP reflecting (NP (NP (NP the cost )NP (PP of (NP the recent merger )NP )PP )NP and (NP (NP a method )NP (PP of (S (VP accounting (PP for (NP the deal )NP )PP )VP )S )PP )NP )NP )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (VP continued (S (VP to (VP shed (NP assets )NP (PP in (NP August )NP )PP )VP )VP )S , (S (ADVP mainly )ADVP (VP to (VP comply (PP with (NP (NP *UNK capital rules )NP (PP under (NP the S&L bailout law )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (ADVP Also )ADVP , (NP withdrawals )NP (VP exceeded (NP deposits )NP (PP by (NP (QP $ 5.1 billion )QP )NP )PP (PP in (NP the month )NP )PP )VP . )S  STOP
(S (NP (NP Exxon 's )NP profit )NP (VP fell (NP 9 % )NP (PP in (NP the third quarter )NP )PP , (S (VP hurt (PP by (NP (NP *UNKING results )NP (PP at (NP (NP two )NP (PP of (NP its three main businesses )NP )PP )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (NP Phillips and *UNKC )NP (VP posted (NP declines )NP )VP . )S  STOP
(S (NP Ashland )NP (VP had (NP a loss )NP )VP . )S  STOP
(S (NP (NP *UNKC Hess )NP and (NP Occidental Petroleum )NP )NP (VP had (NP gains )NP )VP . )S  STOP
(S (NP (NP (NP Ogilvy 's )NP chairman )NP , (NP Kenneth Roman )NP , )NP (VP is (VP leaving (S (VP to (VP take (NP (NP a top post )NP (PP at (NP American Express )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP His resignation )NP (VP follows (NP (NP a hostile takeover )NP (PP of (NP the ad agency )NP )PP (PP in (NP May )NP )PP (PP by (NP (NP WPP )NP (PP of (NP Britain )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The Justice Department )NP (VP took (NP (NP steps )NP (SBAR (WHNP that )WHNP (S (VP could (VP restrict (NP (NP the use )NP (PP by (NP prosecutors )NP )PP (PP of (NP criminal racketeering charges )NP )PP (PP against (NP white-collar defendants )NP )PP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Shearson )NP (VP was (VP sued (PP by (NP (NP money manager George *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP claimed (SBAR (S (NP (NP one )NP (PP of (NP his funds )NP )PP )NP (VP was (VP *UNKED (PP out (PP of (NP (QP $ 60 million )QP )NP )PP )PP (PP during (NP stock-index futures trading )NP )PP (PP just after (NP the 1987 crash )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP Drexel 's )NP efforts (S (VP to (VP settle (NP its legal troubles )NP )VP )VP )S )NP (VP are (VP being (VP resisted (PP by (NP (QP at least 10 )QP states )NP )PP )VP )VP )VP . )S  STOP
(S (NP Some )NP (VP may (VP try (S (VP to (VP *UNK (NP (NP the firm 's )NP license (S (VP to (VP sell (NP securities )NP )VP )VP )S )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Prime Computer )NP (VP plans (S (VP to (VP *UNK (NP (NP 20 % )NP (PP of (NP its work force )NP )PP )NP )VP )VP )S (S (VP to (VP cut (NP costs )NP (PP following (NP its recent leveraged buy-out )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The action )NP (VP *UNK (NP (NP concern )NP (PP about (NP (NP *UNK )NP (PP in (NP high-tech industries )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Paribas )NP (VP (VP plans (NP (NP a bid )NP (PP for (NP (NP another big French (ADJP financial and industrial )ADJP firm )NP , (NP Navigation Mixte )NP , )NP )PP )NP )VP (NP a sign (SBAR (S (NP (NP Europe 's )NP takeover *UNK )NP (VP has n't (VP *UNKED )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Qintex Australia )NP (VP unveiled (NP plans (S (VP to (VP restructure and sell (NP assets )NP (S (VP to (VP try (S (VP to (VP ease (NP its financial problems )NP )VP )VP )S )VP )VP )S )VP )VP )S )NP )VP . )S  STOP
(S (NP (NP Union Carbide 's )NP earnings )NP (VP plunged (NP 35 % )NP (PP in (NP the third quarter )NP )PP , (S (VP reflecting (NP (NP weakness )NP (PP in (NP (NP the company 's )NP core chemicals and plastics businesses )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP (NP Japan 's )NP Daiwa Securities )NP (VP named (S (NP *UNKC Dozen )NP (NP president )NP )S )VP . )S  STOP
(S (NP (NP The rapid advance )NP (PP of (NP the *UNK- executive )NP )PP )NP (VP surprised (NP (NP many )NP (PP at (NP the company )NP )PP )NP )VP . )S  STOP
(NP Markets -- )NP  STOP
(NP (NP (NP Stocks )NP : (NP (NP Volume )NP (NP *UNKN shares )NP )NP )NP . )NP  STOP
(NP (NP (NP Dow Jones industrials )NP (NP (NP *UNKN )NP , (ADVP off (NP *UNKN )NP )ADVP )NP )NP ; (NP (NP transportation )NP (NP (NP *UNKN )NP , (ADVP up (NP *UNKN )NP )ADVP )NP )NP ; (NP (NP utilities )NP (NP (NP *UNKN )NP , (ADVP off (NP *UNKN )NP )ADVP )NP )NP . )NP  STOP
(NP (NP Bonds )NP : (NP (NP Shearson Lehman Hutton Treasury index )NP (NP (NP *UNKN )NP , (ADVP up )ADVP )NP )NP )NP  STOP
(NP (NP Commodities )NP : (NP (NP (NP Dow Jones futures index )NP (NP (NP *UNKN )NP , (ADVP off (NP *UNKN )NP )ADVP )NP )NP ; (NP (NP spot index )NP (NP (NP *UNKN )NP , (ADVP up (NP *UNKN )NP )ADVP )NP )NP )NP . )NP  STOP
(NP (NP Dollar )NP : (NP (NP (NP 141.90 yen )NP , (ADVP off (NP *UNKN )NP )ADVP )NP ; (NP (NP 1.8470 marks )NP , (ADVP off (NP *UNKN )NP )ADVP )NP )NP . )NP  STOP
(S (NP The Justice Department )NP (VP has (VP (VP revised (NP certain internal guidelines )NP )VP and (VP *UNKED (NP others )NP )VP (PP in (NP (NP a move )NP (SBAR (WHNP that )WHNP (S (VP could (VP restrict (NP (NP the use )NP (PP of (NP criminal racketeering charges )NP )PP (PP against (NP white-collar defendants )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP The most significant changes )NP (PP in (NP department policy )NP )PP )NP (VP are (NP new requirements (SBAR that (S (NP federal prosecutors )NP (VP avoid (S (VP *UNKING (NP `` (NP the normal business functions )NP '' (PP of (NP (NP companies )NP (VP charged (PP under (NP the racketeering law )NP )PP )VP )NP )PP )NP )VP )S )VP )S )SBAR )NP )VP )S , (NP a senior department official )NP (VP said )VP . )S  STOP
(S (S (NP (NP Another important *UNK )NP (PP of (NP department policy )NP )PP )NP (VP is (NP (NP a new *UNK )NP (VP warning (S (NP prosecutors )NP `` not (VP to (VP take (NP (NP steps )NP (SBAR (WHNP that )WHNP (S (VP would (VP harm (NP innocent third parties )NP '' (PP in (NP (NP a case )NP (VP brought (PP under (NP the racketeering law )NP )PP )VP )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP )NP )VP )S , (NP (NP the official )NP , (NP David Runkel )NP , )NP (VP said )VP . )S  STOP
(S (S (NP The department )NP (VP distributed (NP the revisions and *UNK )NP (PP to (NP (NP U.S. attorneys )NP (PP around (NP the country )NP )PP )NP )PP (NP this summer )NP (PP as (NP (NP part )NP (PP of (NP (NP a routine process )NP (PP of (S (VP *UNKING (NP *UNK guidelines )NP )VP )S )PP )NP )PP )NP )PP )VP )S , (NP Mr. Runkel )NP (VP said )VP . )S  STOP
(S (NP The changes )NP (VP apply (PP to (NP (NP prosecutions )NP (VP brought (PP under (NP the *UNKC *UNKED and *UNKC *UNKC law )NP )PP )VP )NP )PP )VP . )S  STOP
(S (PP Under (NP that law )NP )PP , (NP (NP defendants )NP (SBAR (WHNP who )WHNP (S (ADVP allegedly )ADVP (VP *UNK (NP (NP a pattern )NP (PP of (NP crimes )NP )PP )NP (PP by (NP (NP means )NP (PP of (NP a `` criminal *UNK '' )NP )PP )NP )PP )VP )S )SBAR )NP (VP may (VP be (VP (VP charged (PP with (NP racketeering )NP )PP )VP and (VP forced (S (VP to (VP *UNK (NP (NP the proceeds )NP (PP of (NP the *UNK )NP )PP )NP )VP )VP )S )VP )VP )VP )VP . )S  STOP
(S (NP The RICO law )NP (VP has (VP come (PP under (NP (NP criticism )NP (PP from (NP some defendants and defense lawyers )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP They )NP (VP argue (SBAR that (S (NP (NP the rights )NP (PP of (NP (NP RICO defendants )NP and (NP (NP third parties )NP (VP not named (PP in (NP RICO *UNK )NP )PP )VP )NP )NP )PP )NP (VP have (VP been (ADVP unfairly )ADVP (VP damaged )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP (NP The department 's )NP (ADJP most significant )ADJP *UNK )NP (PP of (NP existing RICO policy )NP )PP )NP (VP is (NP (NP a *UNK )NP (PP to (NP prosecutors )NP )PP (SBAR that (S (NP they )NP (VP should (VP seek (S (VP to (VP seize (NP assets )NP (PP from (NP defendants )NP )PP `` (PP in (NP (NP proportion )NP '' (PP to (NP (NP the nature )NP (PP of (NP the alleged *UNK )NP )PP )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )VP )S , (NP Mr. Runkel )NP (VP said )VP . )S  STOP
(S `` (S (NP That )NP (VP means (SBAR that (S (SBAR if (S (NP the *UNK )NP (VP deals (PP with (NP (NP one part )NP (PP of (NP the business )NP )PP )NP )PP )VP )S )SBAR , (S (NP you )NP (VP do n't (VP attempt (S (VP to (VP seize (NP the whole business )NP )VP )VP )S )VP )VP )S ; (S (NP you )NP (VP attempt (S (VP to (VP seize (NP (NP assets )NP (VP related (PP to (NP the crime )NP )PP )VP )NP )VP )VP )S )VP )S )S )SBAR )VP )S , '' (NP he )NP (VP explained )VP . )S  STOP
(S (S (PP In (ADJP general )ADJP )PP , (NP (NP the *UNK )NP (PP of (NP (NP the department 's )NP *UNK )NP )PP )NP (VP is (S (VP to (VP encourage (S (NP prosecutors )NP (VP to (VP limit (NP *UNK asset *UNK )NP (SBAR if (S (NP there )NP (VP are (NP (NP (ADJP less *UNK )ADJP means )NP (PP of (S (VP protecting (NP (NP assets )NP (SBAR (S (NP the government )NP (VP may (ADVP subsequently )ADVP (VP be (ADJP able (S (VP to (VP seize )VP )VP )S )ADJP (PP after (NP a conviction )NP )PP )VP )VP )S )SBAR )NP )VP )S )PP )NP )VP )S )SBAR )VP )VP )S )VP )VP )S )VP )S , (NP Mr. Runkel )NP (VP said )VP . )S  STOP
(S (NP It )NP (VP was (NP (NP the kind )NP (PP of (NP (NP *UNKING )NP (VP (ADVP rarely )ADVP seen (PP (PP within (NP the Congress )NP )PP , (ADVP let alone )ADVP (PP within (NP the same party )NP )PP )PP )VP )NP )PP )NP )VP . )S  STOP
(S (NP Sen. Alan Cranston )NP (VP (VP *UNKED (PRT over )PRT (PP to (NP (NP the House side )NP (PP of (NP Capitol Hill )NP )PP )NP )PP (ADVP (NP a few days )NP ago )ADVP )VP and (VP *UNKED (NP his testimony )NP (PP to (NP fellow Democrat Rep. Henry Gonzalez )NP )PP )VP )VP . )S  STOP
(S (NP It )NP (VP was (VP offered (PP as (NP (NP an *UNK )NP (PP of (NP cooperation )NP )PP )NP )PP (PP to (NP (NP Mr. Gonzalez )NP , (SBAR (WHNP who )WHNP (S (VP is (VP investigating (NP (NP the (ADJP (QP $ 2.5 billion )QP )ADJP failure )NP (PP of (NP Lincoln Savings & Loan Association )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S But (PP instead of (NP thanks )NP )PP , (NP Sen. Cranston )NP (VP was (VP treated (PP with (NP cool *UNK )NP )PP )VP )VP . )S  STOP
(S `` (S (NP Every witness )NP (VP receives (NP a formal *UNK )NP )VP )S , '' (NP Rep. Gonzalez )NP (VP told (NP him )NP )VP . )S  STOP
(SINV (ADVP *UNKC )ADVP have (NP House hearings )NP (VP caused (NP (ADJP so much )ADJP *UNK )NP (PP in (NP (NP the Senate )NP , (SBAR (WHADVP where )WHADVP (S (NP (NP California Sen. Cranston )NP and (NP four other senators )NP )NP (VP were (ADVP already )ADVP (VP *UNKING (PP in (NP (NP the *UNK )NP (PP of (NP (NP unfavorable publicity )NP (PP over (NP (NP the alleged *UNKING )NP (PP of (NP Lincoln )NP )PP (PP by (NP (NP their (NX (NX friend )NX and (NX political *UNK )NX )NX )NP , (NP (NP Charles Keating Jr. )NP , (NP (NP principal *UNK )NP (PP of (NP (NP (NP Lincoln 's )NP parent company )NP , (NP (NP American Continental Corp. )NP (PP of (NP (NP Phoenix )NP , (NP *UNKC )NP )NP )PP )NP )NP )PP )NP )NP )NP )PP )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )SINV  STOP
(S (PP At (NP (NP the first day )NP (PP of (NP (NP the House Banking Committee 's )NP hearings )NP )PP )NP )PP (NP last week )NP , (NP (NP William Seidman )NP , (NP (NP chairman )NP (PP of (NP (NP the Resolution Trust Corp. )NP , (NP (NP the federal agency )NP (VP created (S (VP to (VP sell (NP sick thrifts )NP )VP )VP )S )VP )NP , )NP )PP )NP )NP (VP said (SBAR (S (NP the agency )NP (VP is (VP investigating (SBAR whether (S (NP Lincoln )NP (VP made (NP illegal political contributions )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Keating )NP (VP arranged (NP (NP (NP (QP nearly $ 1 million )QP )NP (PP in (NP (NP donations )NP (PP to (NP (NP Sen. Cranston )NP and (NP his various political causes )NP )NP )PP )NP )PP )NP , and (NP (NP (QP hundreds of thousands )QP )NP (ADJP more )ADJP (PP to (NP other lawmakers )NP )PP )NP )NP )VP . )S  STOP
(S (NP *UNKC witnesses )NP (VP include (NP (NP a former federal S&L regulator )NP (SBAR (WHNP who )WHNP (S (VP has (VP accused (NP the five senators )NP (PP of (S (VP attempting (S (VP to (VP `` *UNK '' (NP the regulatory process )NP (PP by (S (VP *UNKING (PP on (NP (NP behalf )NP (PP of (NP Mr. Keating )NP )PP )NP )PP )VP )S )PP )VP )VP )S )VP )S )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP Unlike (NP many lawmakers )NP )PP , (NP Chairman Gonzalez )NP (VP says (SBAR (S (NP he )NP (VP considers (S (S (VP *UNKING (PP with (NP regulators )NP )PP )VP )S (VP to (VP be (ADJP *UNK )ADJP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S `` (S (SBAR (WHADVP When )WHADVP (S (NP you )NP (VP reach (NP (NP a point )NP (SBAR (WHADVP where )WHADVP (S (NP a *UNKING body )NP (VP is (VP trying (S (VP to (VP shape (NP administrative decisions )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP )S )SBAR , (ADVP then )ADVP (NP that )NP (VP 's (NP a *UNK- )NP (PP in (NP my book )NP )PP )VP )S , '' (NP the Texas *UNK )NP (VP says )VP . )S  STOP
(S And (NP he )NP (VP has (VP attached (NP himself )NP (PP to (NP the Lincoln story )NP )PP (ADVP *UNKLY )ADVP )VP )VP . )S  STOP
(S `` (SBAR Unless (S (NP the questions )NP (VP are (VP *UNKED )VP )VP )S )SBAR , (NP I )NP (VP will (VP keep (PRT on )PRT (S (VP going )VP )S )VP )VP . '' )S  STOP
(S (NP Lawmakers )NP (ADVP often )ADVP (VP are (ADJP reluctant (S (VP to (VP *UNK (NP (NP colleagues )NP , (NP (NP even those )NP (PP of (NP opposing political parties )NP )PP )NP )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (PP In (NP the recent Housing and Urban Development Department scandal )NP )PP , (PP for (NP example )NP )PP , (NP (NP Rep. Thomas *UNKC )NP , (NP (NP the California Democrat )NP (SBAR (WHNP who )WHNP (S (VP led (NP the hearings )NP )VP )S )SBAR )NP , )NP (VP *UNKED (PP through (NP (NP *UNKING *UNK )NP (PP about (NP (NP HUD grants )NP (VP secured (PP by (NP (NP Sen. *UNKC *UNKC )NP , (NP a New York Republican )NP )NP )PP )VP )NP )PP )NP )PP )VP . )S  STOP
(S But (NP Chairman Gonzalez )NP (VP is (NP a genuine *UNK )NP )VP . )S  STOP
(S (NP He )NP (VP comes (PP from (NP (NP the same political line )NP (PP as (NP (NP Wright *UNKC )NP , (NP (NP a *UNKING Texas *UNK )NP (SBAR (WHNP who )WHNP (S (VP *UNKED (NP the Banking Committee )NP (PP until (NP 1974 )NP )PP )VP )S )SBAR )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Mr. Gonzalez )NP (VP is (ADVP also )ADVP (NP (NP a *UNK )NP (PP for (NP *UNK standards )NP )PP (SBAR (SBAR (WHNP who )WHNP (S (VP *UNK (S (VP to (VP accept (NP *UNK )NP )VP )VP )S )VP )S )SBAR and (SBAR (WHNP who )WHNP (S (VP believes (PP in (S (VP conducting (NP official business )NP (PP in (NP the open )NP )PP )VP )S )PP )VP )S )SBAR )SBAR )NP )VP . )S  STOP
(S (ADVP Early (PP in (NP his political career )NP )PP )ADVP , (PP as (NP (NP a city *UNK )NP (PP in (NP San Antonio )NP )PP )NP )PP , (NP he )NP (VP walked (PP out (PP of (NP a meeting )NP )PP )PP (SBAR (WHADVP when )WHADVP (S (NP political supporters )NP (VP asked (SBAR that (S (NP the police chief )NP (VP be (VP replaced )VP )VP )S )SBAR )VP )S )SBAR , (S (VP *UNKING (NP the *UNK- affair )NP (ADVP publicly )ADVP (PP as (NP a `` *UNK- meeting )NP )PP )VP )S )VP . '' )S  STOP
(S (NP (NP The immediate target )NP (PP of (NP (NP Rep. Gonzalez 's )NP inquiry )NP )PP )NP (VP is (NP (NP *UNKC Wall )NP , (NP (NP chairman )NP (PP of (NP (NP the Office )NP (PP of (NP Thrift Supervision )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (PP As (NP (NP the principal regulator )NP (PP of (NP the thrift industry )NP )PP )NP )PP , (NP Mr. Wall )NP (VP delayed (S (VP *UNKING (NP Lincoln S&L )NP )VP )S (PP for (NP (QP more than two )QP years )NP )PP (SBAR after (S (NP his staff )NP (VP told (NP him )NP (SBAR (SBAR that (S (NP the California thrift )NP (VP was (ADJP insolvent )ADJP )VP )S )SBAR and (SBAR that (S (NP (NP potential losses )NP (PP to (NP taxpayers )NP )PP )NP (VP were (VP growing (ADVP rapidly )ADVP )VP )VP )S )SBAR )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Rep. Gonzalez )NP (VP seems (ADJP *UNKED (S (VP to (VP *UNK (PRT out )PRT (PP at (NP Mr. Wall )NP )PP (SBAR (WHADVP when )WHADVP (S (NP hearings )NP (VP resume (NP Thursday )NP (PP with (NP (NP testimony )NP (PP by (NP (NP (NP two federal regulators )NP (PP from (NP San Francisco )NP )PP )NP , (NP (NP William Black )NP and (NP Mike *UNKC )NP )NP )NP )PP )NP )PP )VP )S )SBAR )VP )VP )S )ADJP )VP . )S  STOP
(S (NP Mr. Wall )NP (VP *UNKED (NP them )NP (PP of (NP (NP responsibility )NP (PP for (S (VP *UNKING (NP Lincoln )NP )VP )S )PP )NP )PP (PP in (NP 1988 )NP )PP )VP . )S  STOP
(S (NP Mr. Gonzalez )NP (VP expressed (NP concern )NP (PP over (NP a report (SBAR that (S (NP the two )NP (VP had (VP been (VP *UNKED (PP to (NP Washington )NP )PP (PP by (NP Mr. Wall )NP )PP (NP last week )NP (S (VP to (VP discuss (NP their testimony )NP (PP in (NP advance )NP )PP )VP )VP )S )VP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S `` (S (S (NP I )NP (VP think (SBAR (S (NP he )NP (VP is (VP trying (S (VP to (ADVP improperly )ADVP (VP influence (NP a witness )NP )VP )VP )S )VP )VP )S )SBAR )VP )S , and (S (PP by (NP God )NP )PP (NP I )NP (VP 'm not (VP going (S (VP to (VP *UNK (NP it )NP )VP )VP )S )VP )VP )S )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP Mr. Wall )NP , (ADVP however )ADVP , (VP is (NP (NP (NP a *UNKED `` child )NP (PP of (NP the Senate )NP )PP '' )NP and (NP (NP former staff director )NP (PP of (NP its Banking Committee )NP )PP )NP )NP )VP . )S  STOP
(S (NP (NP An inquiry )NP (PP into (NP (NP his handling )NP (PP of (NP Lincoln S&L )NP )PP )NP )PP )NP (ADVP inevitably )ADVP (VP will (VP drag (PRT in )PRT (NP (NP Sen. Cranston )NP and (NP (NP the four others )NP , (NP *UNKC (NX (NX (NX Dennis *UNKC )NX (PRN -LRB- (NP (NP D. )NP , (NP Ariz. )NP )NP -RRB- )PRN )NX , (NX (NX John *UNKC )NX (PRN -LRB- (NP (NP R. )NP , (NP Ariz. )NP )NP -RRB- )PRN )NX , (NX (NX John Glenn )NX (PRN -LRB- (NP (NP D. )NP , (NP Ohio )NP )NP -RRB- )PRN )NX and (NX (NX Donald *UNKC )NX (PRN -LRB- (NP (NP D. )NP , (NP Mich . )NP )NP -RRB- )PRN )NX )NX )NP )NP )NP )VP )VP . )S  STOP
(S (NP They )NP all (VP attended (NP (NP a meeting )NP (PP in (NP April 1987 )NP )PP (VP questioning (SBAR (WHADVP why )WHADVP (S (NP (NP a federal audit )NP (PP of (NP Lincoln S&L )NP )PP )NP (VP had (VP dragged (PRT on )PRT (PP for (NP two years )NP )PP )VP )VP )S )SBAR )VP )NP )VP . )S  STOP
(S `` (S (NP I )NP (VP 'm (ADJP certain (SBAR that (S (PP in (NP (NP the course )NP (PP of (NP the hearings )NP )PP )NP )PP (NP (NP the names )NP -LCB- (PP of (NP the senators )NP )PP -RCB- )NP (VP will (VP be (VP brought (PRT out )PRT )VP )VP )VP )S )SBAR )ADJP )VP )S , '' (NP Mr. Gonzalez )NP (VP says )VP . )S  STOP
(S (NP This )NP (VP is (VP raising (NP *UNK )NP )VP )VP . )S  STOP
(SINV `` (S (SBAR (WHADVP When )WHADVP (S (NP I )NP (ADVP first )ADVP (VP got (NP (NP a *UNK )NP (PP at (NP the witness list )NP )PP )NP )VP )S )SBAR , (NP I )NP (VP could n't (VP believe (SBAR that (S (NP they )NP (VP were (VP going (S (VP to (VP (VP go (ADVP ahead )ADVP )VP and (VP do (NP this )NP )VP )VP )VP )S )VP )VP )S )SBAR )VP )VP )S , '' (VP says )VP (NP (NP Michael *UNKC )NP , (NP (NP director )NP (PP of (NP (NP Congress *UNKC )NP , (NP a consumer group )NP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP There )NP (VP are (NP (NP some witnesses )NP (SBAR (WHNP who )WHNP (S (VP will (VP be (VP forced (S (VP to (VP testify (PP about (NP (NP their meetings )NP (PP with (NP senators )NP )PP )NP )PP )VP )VP )S )VP )VP )VP )S )SBAR )NP )VP . '' )S  STOP
(S And (NP (NP a Democratic aide )NP (PP to (NP a Banking Committee member )NP )PP )NP (VP remarks , `` (S (NP I )NP (ADVP too )ADVP (VP am (ADJP *UNKED (PP by (NP it )NP )PP )ADJP , (SBAR because (S (NP Gonzalez )NP (VP has (ADVP certainly )ADVP (VP placed (NP (NP a lot )NP (PP of (NP Democratic senators )NP )PP )NP (PP in (NP a (ADJP very bad )ADJP position )NP )PP )VP )VP )S )SBAR )VP )S )VP . '' )S  STOP
(S (NP All the senators )NP (VP say (SBAR (S (NP they )NP (ADVP merely )ADVP (VP were (VP trying (S (VP to (VP ensure (NP *UNK )NP (PP for (NP a *UNK )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Mr. Keating )NP (VP lives (PP in (NP Phoenix )NP )PP )VP )S , and (S (NP (NP the California thrift 's )NP parent )NP (VP is (NP (NP an *UNKED corporation )NP (PP with (NP (NP holdings )NP (PP in (NP Michigan )NP )PP )NP )PP )NP )VP )S . )S  STOP
(S (NP Chairman Gonzalez )NP (VP *UNK (NP (NP *UNK )NP (PP for (NP (NP Sen. *UNKC )NP , (NP (NP his counterpart )NP (PP as (NP (NP chairman )NP (PP of (NP the Senate Banking Committee )NP )PP )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S `` (S (S (NP He )NP (VP 's (ADJP *UNK )ADJP )VP )S , (S (NP he )NP (VP 's (ADJP good )ADJP )VP )S and (S (NP I )NP (VP know (SBAR (S (NP he )NP (VP 's (NP an *UNK man )NP )VP )S )SBAR )VP )S )S , '' (NP the *UNKC )NP (VP says )VP . )S  STOP
(S But (PP at (NP the same time )NP )PP , (NP Mr. Gonzalez )NP (VP has n't (VP *UNK (NP (NP a confrontation )NP (PP over (NP Mr. Wall )NP )PP (PP during (NP (NP House-Senate negotiations )NP (PP over (NP S&L bailout legislation )NP )PP (PP during (NP the summer )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP The Senate negotiators )NP (VP included (NP (NP *UNKC Cranston and *UNKC )NP and (NP (NP (NP Mr. Wall 's )NP principal sponsor )NP , (NP (NP Republican Sen. *UNKC *UNKC )NP (PP of (NP Utah )NP )PP )NP )NP )NP )VP . )S  STOP
(S (NP They )NP (VP were (ADJP willing (S (VP to (VP trade (NP (NP important provisions )NP (PP in (NP the bailout legislation )NP )PP )NP (S (VP (VP to (VP preserve (NP (NP Mr. Wall 's )NP job )NP )VP )VP and (VP to (VP avoid (NP (NP a *UNK hearing )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP he )NP (VP would (VP be (VP called (PP upon )PP (S (VP to (VP testify (PP about (NP Lincoln S&L )NP )PP )VP )VP )S )VP )VP )VP )S )SBAR )NP )VP )VP )VP )S )VP )VP )S )ADJP )VP . )S  STOP
(S (ADVP Most *UNKLY )ADVP , (NP the Senate )NP (VP traded (PRT away )PRT (NP (NP (NP the Bush administration 's )NP controversial plan (S (VP to (VP finance (NP the bailout )NP )VP )VP )S )NP , (SBAR (WHNP which )WHNP (S (VP was (ADVP partly )ADVP (VP *UNKED (ADVP later )ADVP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP At (NP the time )NP )PP , (NP Mr. Gonzalez )NP (VP said (SBAR (S (NP several senators )NP (VP told (NP him )NP (SBAR that (S (NP they )NP `` (VP could (VP get (S (NP some *UNK )NP (PP out (PP of (NP the way )NP )PP )PP )S (SBAR if (S (NP there )NP (VP could (VP be (NP (NP some understanding )NP (PP on (NP (NP (NP *UNKC 's )NP *UNK )NP (PP on (NP Wall )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (ADVP Now )ADVP (NP Mr. Gonzalez )NP (VP is (VP holding (NP (NP the equivalent )NP (PP of (NP *UNK hearings )NP )PP )NP (ADVP anyway )ADVP , (PP under (NP (NP the *UNK )NP (PP of (NP the Lincoln investigation )NP )PP )NP )PP )VP )VP . )S  STOP
(S `` (S (PP In (NP a way )NP )PP , (NP that )NP (VP 's (SBAR (WHNP what )WHNP (S (NP this )NP (VP is )VP )S )SBAR )VP )S , '' (NP Mr. Gonzalez )NP (VP concedes )VP . )S  STOP
(S (NP Even some House Banking Committee members )NP (VP could (VP suffer (PP from (NP the *UNK )NP )PP )VP )VP . )S  STOP
(S (NP Mr. Keating )NP (VP raised (NP $ 20,000 )NP (PP for (NP (NP Rep. *UNKC *UNKC 's )NP 1986 *UNK- campaign )NP )PP (SBAR while (S (NP the Georgia Democrat )NP (VP was (VP taking (NP his side )NP (PP against (NP (NP regulators )NP (SBAR (WHNP who )WHNP (S (VP wanted (S (VP to (VP curb (NP (NP risky investments )NP and (NP wholesale deposit *UNKING )NP )NP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (ADVP recently )ADVP (VP (VP voted `` (ADVP present )ADVP '' (SBAR (WHADVP when )WHADVP (S (NP the committee )NP (VP authorized (NP (NP a *UNK )NP (SBAR (S (VP to (VP *UNK (S (NP Mr. Keating )NP (VP to (VP testify )VP )VP )S )VP )VP )S )SBAR )NP )VP )S )SBAR )VP , (ADVP then )ADVP (VP changed (NP his vote )NP (PP to (NP yes )NP )PP )VP )VP . )S  STOP
(S But (NP (NP the chairman 's )NP supporters )NP (VP have (NP the upper hand )NP (SBAR as (S (NP federal regulators )NP (VP press (NP (NP a (ADJP (QP $ 1.1 billion )QP )ADJP fraud suit )NP (PP against (NP (NP Mr. Keating )NP and (NP others )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Rep. Jim *UNKC )NP (PRN -LRB- (NP (NP R. )NP , (NP Iowa )NP )NP -RRB- )PRN )NP (VP (VP says (SBAR (S (NP the Lincoln S&L affair )NP (VP is `` (NP (NP the biggest bank *UNK )NP (PP in (NP history )NP )PP )NP )VP )S )SBAR )VP , '' and (VP adds : `` (S (NP (NP The great question )NP (SBAR (WHNP that )WHNP (S (VP remains (S (VP to (VP be (VP resolved )VP )VP )VP )S )VP )S )SBAR )NP (VP is (SBAR whether (S (NP we )NP (VP have (NP a congressional *UNKC )NP (PP in (NP the making )NP )PP )VP )S )SBAR )VP )S )VP )VP . '' )S  STOP
(S (NP (NP A witness )NP (VP set (S (VP to (VP testify (PP on (NP Thursday )NP )PP )VP )VP )S )VP )NP (VP was (VP quoted (PP in (NP a news report )NP )PP (PP over (NP the weekend )NP )PP (PP as (S (VP saying (SBAR (S (NP Lincoln )NP (VP `` *UNKED '' (NP campaign contributions )NP (ADVP illegally )ADVP )VP )S )SBAR )VP )S )PP )VP )VP . )S  STOP
(S But (NP (NP the witness )NP , (NP (NP William *UNKC )NP , (NP (NP California 's )NP chief state thrift regulator )NP , )NP )NP (VP denies (S (VP saying (NP that )NP )VP )S )VP . )S  STOP
(S `` (S (NP I )NP (VP do n't (VP know (SBAR whether (S (NP it )NP (VP was (VP done (ADVP properly )ADVP )VP )VP )S or not )SBAR , (SBAR because (S (NP I )NP (VP 'm not (NP a lawyer )NP )VP )S )SBAR )VP )VP )S , '' (NP he )NP (VP said (PP in (NP a telephone interview )NP )PP (NP yesterday )NP )VP . )S  STOP
(S But (NP he )NP (VP said (SBAR (S (NP he )NP (VP is (ADJP prepared (S (VP to (VP testify (SBAR that (S (NP (NP executives )NP (PP of (NP (NP Lincoln )NP and (NP its parent corporation )NP )NP )PP )NP (VP got (NP (NP unusually high salaries )NP and (NP (NP frequent calls )NP (VP *UNKING (NP them )NP (S (VP to (VP make (NP specific contributions )NP )VP )VP )S )VP )NP )NP )VP )S )SBAR )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP The committee )NP (ADVP also )ADVP (VP has (VP *UNKED (NP (NP (NP Mr. Wall 's )NP predecessor )NP , (NP *UNKC Gray )NP )NP )VP )VP . )S  STOP
(S (S (NP He )NP (VP has (VP characterized (NP (NP the five senators ' )NP roles )NP (PP as `` (ADJP *UNK (PP to (NP an attempt (S (VP to (VP *UNK (NP the ... regulatory process )NP )VP )VP )S )NP )PP )ADJP )PP )VP )VP )S , '' and (S (NP he )NP (VP is n't (VP expected (S (VP to (VP back (PRT down )PRT )VP )VP )S (SBAR even though (S (NP the five senators )NP (VP have (VP disputed (NP (NP his account )NP (PP of (NP a 1987 meeting )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S . )S  STOP
(S So (NP the senators )NP (VP must (VP *UNK (NP themselves )NP )VP )VP . )S  STOP
(S (NP Sen. Cranston )NP , (SBAR as (S (NP he )NP (VP returned (PP to (NP the capital )NP )PP (NP last week )NP (PP from (NP (NP a *UNK- trip )NP (SBAR (S (VP to (VP *UNK (NP (NP earthquake damage )NP (PP in (NP San Francisco )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR , (VP *UNKED (PP to (NP an aide )NP )PP : `` (FRAG (INTJ Well )INTJ , (ADVP back (PP to (NP *UNKC )NP )PP )ADVP )FRAG )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP (NP Anne Volokh )NP and (NP her family )NP )NP (VP *UNKED (PP to (NP the U.S. )NP )PP (ADVP (NP 14 years )NP ago )ADVP )VP )S )SBAR , (NP they )NP (VP started (NP life )NP (PP in (NP Los Angeles )NP )PP (PP with (NP (QP only $ 400 )QP )NP )PP )VP . )S  STOP
(S (S (NP They )NP (VP 'd (ADVP actually )ADVP (VP left (NP the Soviet Union )NP (PP with (NP $ *UNKN )NP )PP )VP )VP )S , but (S (PP during (NP (NP a stop )NP (PP in (NP Italy )NP )PP )NP )PP (NP Ms. Volokh )NP (VP dropped (NP $ 80 )NP (PP on (NP a black *UNK suit )NP )PP )VP )S . )S  STOP
(S (ADVP Not surprisingly )ADVP , (NP she )NP (ADVP quickly )ADVP (VP adapted (PP to (NP the American way )NP )PP )VP . )S  STOP
(S (SBAR (NP Three months )NP after (S (NP she )NP (VP arrived (PP in (NP *UNKC )NP )PP )VP )S )SBAR (NP she )NP (VP spent (NP (NP $ 120 )NP (SBAR (S (NP she )NP (VP did n't (VP have )VP )VP )S )SBAR )NP (PP for (NP a hat )NP )PP )VP . )S  STOP
(FRAG -LRB- `` (NP A *UNK )NP (PRN , '' (S (NP she )NP (VP *UNK )VP )S , `` )PRN (SBAR though (S (NP it )NP (VP was n't (NP (NP the time )NP (PP for (NP that )NP )PP )NP (ADVP (NP 14 years )NP ago )ADVP )VP )S )SBAR . )FRAG  STOP
(S But (NP I )NP (VP loved (NP *UNK )NP )VP . '' -RRB- )S  STOP
(S (PP Since (NP then )NP )PP (NP she )NP (VP has (VP become (ADJP wealthy )ADJP )VP )VP . )S  STOP
(S (NP Her (NX (NX husband )NX and (NX (NX older son )NX -- (NP (NP a computer *UNK )NP (VP *UNKED (PP in (NP The Wall Street Journal )NP )PP (PP in (NP 1981 )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP was (NP 13 )NP )VP )S )SBAR )VP )NP -- )NX )NX )NP (VP run (NP (NP a software company )NP (PP with (NP (NP expected sales )NP (NP this year )NP (PP of (NP (QP $ 10 million )QP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (ADVP Most recently )ADVP , (NP she )NP (VP has (VP become (NP (NP the publisher )NP (PP of (NP (NP *UNKC )NP , (NP (NP a *UNK- Los Angeles magazine )NP (SBAR (WHNP that )WHNP (S (VP began (NP national distribution )NP (NP last month )NP , (PP with (NP (NP an initial press run )NP (PP of (NP 100,000 copies )NP )PP )NP )PP )VP )S )SBAR )NP )NP )PP )NP )VP )VP . )S  STOP
(S (S (VP *UNKED (PP by (NP (NP the *UNKC Corp. 's )NP Eastern News )NP )PP )VP )S , (NP the *UNK publication )NP (VP *UNK (NP (NP (NP *UNKC Fair 's )NP *UNK *UNK )NP and (NP (NP (NP *UNKC 's )NP *UNK *UNKING )NP (PP into (NP *UNK- *UNK )NP )PP )NP )NP , (PP with (NP (NP a special emphasis )NP (PP on (NP (NP *UNKC )NP (PP as (NP fashion *UNK )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP It )NP (VP 's (VP being (VP sold (PP through (NP (NP *UNK )NP , (NP *UNK )NP and (NP some video stores )NP )NP )PP )VP )VP )VP . )S  STOP
(S (SBAR Though (S (NP Ms. Volokh )NP (VP is (NP a small woman )NP )VP )S )SBAR , (NP she )NP (VP has (NP (NP an (NX (NX *UNKED *UNK )NX and (NX dramatic *UNK )NX )NX )NP (SBAR (WHNP that )WHNP (S (VP seem (ADVP perfectly )ADVP (VP *UNKED (PP to (NP (NP capitalism )NP (SBAR as (S (NP it )NP (VP is (VP *UNKED (PP in (NP Hollywood )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP (NP (NP life )NP (PP for (NP her )NP )PP )NP (VP has (VP changed (ADVP considerably )ADVP (PP since (NP (NP the days )NP (PP in (NP *UNKC )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP she )NP (VP lived (PP with (NP (NP her parents )NP , (NP her husband )NP and (NP her two *UNK )NP )NP )PP (PP in (NP a (ADJP 2 *UNK- )ADJP apartment )NP )PP (PP in (SBAR (WHNP what )WHNP (S (NP she )NP (VP calls (S `` (NP *UNK internal *UNK )NP )S )VP )S )SBAR )PP , '' (S (VP *UNKING (PP of (NP escape )NP )PP )VP )S )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (ADVP Now )ADVP , (PP for (NP example )NP )PP , (NP she )NP (VP owns (NP 48 hats )NP )VP . )S  STOP
(S (ADVP However )ADVP , (NP she )NP (VP (VP *UNK (NP the lean years )NP )VP and (VP recalls (PP with (NP *UNK )NP )PP (S (VP (VP wearing (NP (NP her first major American purchase )NP -- (NP that *UNK )NP )NP (ADVP (NP 10 years )NP later )ADVP )VP and (VP having (S (NP a Los Angeles *UNK owner )NP (VP ask (NP her )NP (SBAR if (S (NP it )NP (VP was (NP a *UNKC )NP )VP )S )SBAR )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (PP With (NP obvious satisfaction )NP )PP , (NP she )NP (VP says (SBAR (S (NP she )NP (VP told (NP him )NP : `` (S (INTJ No )INTJ (NP *UNKING )NP , (NP I )NP (ADVP just )ADVP (VP give (NP it )NP (NP a *UNKC look )NP )VP )S )VP )S )SBAR )VP . '' )S  STOP
(S (NP She )NP (VP keeps (NP track )NP (PP of (NP (NP the rest )NP (PP of (NP her hats )NP )PP )NP )PP (PP by (S (VP *UNKING (NP Polaroid *UNK )NP (PP to (NP (NP the outside )NP (PP of (NP each *UNK )NP )PP )NP )PP )VP )S )PP )VP . )S  STOP
(SQ Are (NP the hats )NP (ADVP merely )ADVP (NP (NP part )NP (PP of (NP her new *UNKC *UNK )NP )PP )NP , (PP along (PP with (NP (NP (NP the many *UNK- *UNKC cigarettes )NP (SBAR (S (NP she )NP (VP *UNK )VP )S )SBAR )NP , (NP (NP the parties )NP (SBAR (S (NP she )NP (VP *UNK (PP for (NP 500 people )NP )PP )VP )S )SBAR )NP , (NP (NP the *UNKC *UNK )NP (SBAR (S (NP she )NP (VP offers (NP guests )NP (PP at (NP (NP her weekend place )NP (PP in (NP Santa Barbara )NP )PP )NP )PP )VP )S )SBAR )NP )NP )PP )PP ? )SQ  STOP
(S `` (FRAG (INTJ No )INTJ , (NP *UNKING )NP )FRAG , '' (NP she )NP (VP said (ADVP recently )ADVP (PP in (NP her *UNK , slightly affected English )NP )PP , (PP during (NP (NP a trip )NP (ADVP East )ADVP (SBAR (S (VP to (VP promote (NP (NP *UNKC 's )NP national expansion )NP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S `` (NP You )NP (VP have (S (VP to (VP be (VP born (PP with (NP it )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (S (NP I )NP (VP used (S (VP to (VP wear (NP hats )NP (PP in (NP *UNKC )NP )PP )VP )VP )S )VP )S , but (S (NP I )NP (VP had (S (VP to (VP make (NP (NP them )NP and (NP my *UNK )NP )NP )VP )VP )S )VP )S . )S  STOP
(S (PP On (NP the hat side )NP )PP (NP I )NP (VP was n't (VP getting (SBAR (WHNP what )WHNP (S (NP I )NP (VP wanted )VP )S )SBAR )VP )VP . '' )S  STOP
(S (S (ADVP Now )ADVP (ADJP (NP 48 years )NP old )ADJP )S , (NP Ms. Volokh )NP (VP has (NP *UNK ideas )NP (PP about (SBAR (WHNP what )WHNP (S (NP she )NP (VP wants )VP )S )SBAR )PP )VP . )S  STOP
(S (PP At (NP *UNKC )NP )PP , (NP she )NP (VP wants `` (NP (NP specific *UNKING )NP , (NP specific tone )NP , (NP (NP a specific attitude )NP -- (ADJP bright and bold and *UNK- )ADJP )NP )NP )VP . '' )S  STOP
(S (PP In (NP (NP restaurants )NP (PRN -LRB- (PP in (NP this case )NP )PP , (NP (NP the Russian *UNKC )NP , (NP (NP a New York restaurant )NP (VP operated (PP by and for (NP Soviet *UNK )NP )PP )VP )NP )NP -RRB- )PRN )NP )PP , (NP she )NP (VP did n't (VP want (NP (NP the *UNK , *UNK music )NP (VP *UNKING (PP through (NP the room )NP )PP )VP )NP )VP )VP . )S  STOP
(S `` (S (NP (NP You people )NP (ADVP here )ADVP )NP (VP think (SBAR (S (NP this )NP (VP is (NP Russian music )NP )VP )S )SBAR )VP )S , '' (NP she )NP (VP (VP said (PP with (NP *UNK )NP )PP )VP , and (VP called (PRT over )PRT (PP to (NP the *UNK )NP )PP : `` (SQ *UNKC (NP you )NP (VP turn (NP it )NP (PRT off )PRT )VP )SQ )VP )VP ? '' )S  STOP
(S (S (NP That )NP (VP done )VP )S , (NP Ms. Volokh )NP (VP spoke (PP with (NP *UNK *UNK )NP )PP (PP about (NP (NP (NP the many *UNK )NP (SBAR (S (NP she )NP (VP feels (SBAR (S (NP she )NP (VP was (VP born (PP with )PP )VP )VP )S )SBAR )VP )S )SBAR )NP : (NP (NP an understanding )NP (PP of (NP (NP food )NP , (NP business )NP , (NP Russian culture )NP , (NP human nature )NP , and (NP parties )NP )NP )PP )NP )NP )PP )VP . )S  STOP
(S `` (S (NP *UNKC )NP (VP are (ADVP rather )ADVP (NP (NP a state )NP (PP of (NP mind )NP )PP )NP )VP )S , '' (NP she )NP (VP said , (S (VP *UNKING (S (ADVP only )ADVP (VP to (VP (VP taste )VP and (VP pass (NP judgment )NP (PP on )PP )VP (NP the *UNKC *UNK )NP (PRN -LRB- `` (ADJP (ADJP (NP a little )NP well done )ADJP , but (ADJP very good )ADJP )ADJP '' -RRB- )PRN )VP )VP )S )VP )S )VP . )S  STOP
(S `` (SBAR If (S (NP you )NP (VP are (VP born (S (VP to (VP give (NP parties )NP )VP )VP )S )VP )VP )S )SBAR , (NP you )NP (VP give (NP parties )NP )VP . )S  STOP
(S (PP Even in (NP *UNKC )NP )PP (NP we )NP (VP managed (S (VP to (VP give (NP parties )NP )VP )VP )S )VP . )S  STOP
(S (PP In (NP Los Angeles )NP )PP , (PP in (NP our lean years )NP )PP , (NP we )NP (VP gave (NP parties )NP )VP . '' )S  STOP
(S (PP As (NP (NP publisher )NP (PP of (NP (NP a magazine )NP (VP devoted (PP to (NP (NP movies )NP (PP as (NP (NP *UNK )NP (PP for (NP (NP fashion )NP and (NP other *UNK )NP )NP )PP )NP )PP )NP )PP )VP )NP )PP )NP )PP , (NP Ms. Volokh )NP (VP sees (NP her *UNKING )NP (PP as (NP (NP an important part )NP (PP of (NP business )NP )PP )NP )PP )VP . )S  STOP
(S (NP She )NP (VP (VP has (VP thrown (NP *UNK *UNK )NP (PP for (NP (NP *UNK )NP (PP of (NP people )NP )PP )NP )PP )VP )VP , but (VP *UNK (NP (ADJP more intimate )ADJP *UNK )NP )VP )VP . )S  STOP
(S `` (PP At (NP American *UNK parties )NP )PP (NP everyone )NP (VP 's (ADVP always )ADVP (VP looking (PP over (NP your shoulder )NP )PP (S (VP to (VP see (SBAR (WHNP who )WHNP (S (NP they )NP (VP can (VP talk (PP to )PP (ADVP next )ADVP )VP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (NP I )NP (VP like (ADVP rather )ADVP (NP tea )NP , (SBAR because (S (NP it )NP (VP is (PP at (NP (NP the end )NP (PP of (NP the day )NP )PP )NP )PP )VP )S )SBAR )VP . '' )S  STOP
(S (NP She )NP (VP serves (NP high Russian tea )NP , (PP at (NP 5 *UNK )NP )PP )VP . )S  STOP
(S `` (S (NP It )NP (VP 's (VP supposed (S (VP to (VP be (ADVP later )ADVP )VP )VP )S )VP )VP )S but (S (NP I )NP (ADVP just )ADVP (VP moved (NP it )NP )VP )S . )S  STOP
(S (PP In (NP Los Angeles )NP )PP , (NP (NP it )NP )NP (VP 's (ADJP important )ADJP (S (VP to (VP catch (NP people )NP (PP just after (NP work )NP )PP )VP )VP )S )VP . '' )S  STOP
(S (NP She )NP (ADVP also )ADVP (ADVP frequently )ADVP (VP *UNK (NP (NP directors )NP , (NP producers )NP , (NP actors )NP , (NP writers )NP and (NP other show business people )NP )NP (PP for `` (NP (NP coffee and *UNK )NP (PP in (NP the *UNK *UNK )NP )PP )NP )PP )VP . '' )S  STOP
(S (NP *UNKC )NP (VP (VP bring (NP (NP movies )NP (PP on (NP tape )NP )PP )NP )VP , and (VP show (NP their favorite (ADJP *UNK- minute )ADJP segments )NP (PP on (NP (NP the screen )NP (SBAR (WHNP that )WHNP (S (VP *UNK (PP from (NP (NP the ceiling )NP (PP of (NP (NP the *UNKC ' )NP *UNK- library )NP )PP (PRN -LRB- `` (NP the *UNK *UNK )NP '' -RRB- )PRN )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP They )NP (VP (VP eat `` (NP (ADJP *UNK and *UNK )ADJP things )NP '' )VP -- and (VP explain (NP their *UNK )NP )VP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's (ADJP (ADJP very *UNKING )ADJP and (ADJP *UNK *UNKING )ADJP )ADJP )VP )S , '' (VP said )VP (NP Ms. Volokh )NP . )SINV  STOP
(S (NP (NP The idea )NP (PP for (NP *UNKC )NP )PP )NP (ADVP actually )ADVP (VP was (VP *UNKED (PRT up )PRT (PP by (NP (NP (NP (NP an old friend )NP (PP of (NP the *UNKC )NP )PP )NP , (NP (NP *UNKC *UNKC )NP -LRB- (SBAR (WHNP who )WHNP (S (VP has (NP (NP the title )NP (PP of (NP *UNK- )NP )PP )NP )VP )S )SBAR -RRB- )NP )NP , and (NP (NP *UNKC *UNKC Smith )NP , (RRC (ADVP now )ADVP (NP (NP the magazine 's )NP *UNK- )NP )RRC )NP )NP )PP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP approached (NP Ms. Volokh )NP (ADVP (NP five years )NP ago )ADVP (PP about (S (VP backing (NP (NP the publication )NP , (SBAR (WHNP which )WHNP (S (VP started (PRT out )PRT (PP as (NP a listing guide )NP )PP )VP )S )SBAR )NP )VP )S )PP )VP . )S  STOP
(S (NP She )NP (VP was (ADJP interested )ADJP (SBAR only if (S (NP she )NP (VP could (VP guide (NP it )NP (ADVP *UNKLY )ADVP (ADVP as well )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP Anne )NP (VP does n't (VP believe (PP in (NP *UNK )NP )PP )VP )VP )S , '' (VP said )VP (NP Ms. Smith )NP . )SINV  STOP
(S `` (NP She )NP (VP wants (S (NP things )NP (VP to (VP be (ADJP exciting )ADJP )VP )VP )S )VP . )S  STOP
(S And (NP she )NP (VP has (NP this *UNK energy )NP )VP . )S  STOP
(S (S (NP She )NP (VP 'll (VP think (PP of (NP (NP an idea )NP (SBAR (S (NP the editorial people )NP (VP think (SBAR (S (VP is (ADJP impossible )ADJP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )VP )S , (ADVP then )ADVP (S (NP she )NP (VP 'll (VP have (S (NP us )NP (VP make (S (NP it )NP (VP work )VP )S )VP )S )VP )VP )S . '' )S  STOP
(S (PP In (NP fact )NP )PP , (NP Ms. Volokh )NP (VP was n't (NP (NP just a rich *UNK )NP (SBAR (WHNP who )WHNP (S (VP needed (NP a *UNK )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP Back (PP in (NP the Soviet Union )NP )PP )ADVP (NP she )NP (VP was (NP a *UNKED *UNK )NP , (S (VP writing (NP (NP a weekly column )NP (PP about (NP the national *UNK )NP )PP )NP (PP for (NP Sunday *UNKC )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP Those columns )NP -- (NP (NP (NP *UNK discussions )NP (PP of (NP (NP the (ADJP cultural and *UNK )ADJP *UNK )NP (PP of (NP food )NP )PP )NP )PP )NP (CONJP as well as )CONJP (NP (NP practical advice )NP (PP on (SBAR (WHADVP how )WHADVP (S (VP to (VP *UNK (NP *UNK *UNKED *UNK )NP )VP )VP )S )SBAR )PP )NP )NP -- )NP (VP became (NP (NP the basis )NP (PP for (NP (NP (NP her (ADJP *UNK and *UNKING )ADJP *UNK )NP , `` (NP (NP The Art )NP (PP of (NP Russian *UNKC )NP )PP )NP , '' )NP (VP brought (PRT out )PRT (PP in (NP 1983 )NP )PP (PP by (NP Macmillan Publishing Co )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(SINV `` (S (NP I )NP (VP do n't (VP trust (NP (NP people )NP (SBAR (WHNP who )WHNP (S (VP do n't (VP eat )VP )VP )S )SBAR )NP )VP )VP )S , '' (VP said )VP (NP Ms. Volokh )NP , (SBAR though (S (NP (NP she )NP (NP herself )NP )NP (VP stopped (S (VP eating (NP lunch )NP )VP )S (ADVP (NP a few years )NP ago )ADVP (S (VP to (VP drop (NP 25 pounds )NP )VP )VP )S )VP )S )SBAR . )SINV  STOP
(S `` (VP *UNKC (PP at (NP *UNKC and *UNKC )NP )PP )VP . )S  STOP
(S (S (NP No one )NP (ADVP ever )ADVP (VP *UNK (PP in (NP their books )NP )PP )VP )S and (S (VP look (PP at (NP them )NP )PP )VP )S ... . )S  STOP
(S (S (NP (NP *UNKC 's )NP characters )NP (VP eat )VP )S , (S (NP *UNKC 's )NP )S , (S (NP *UNKC 's )NP )S . '' )S  STOP
(S (PP In (NP (NP her *UNK )NP , (SBAR (WHNP which )WHNP (S (NP Macmillan )NP (VP is (VP bringing (PRT out )PRT (PP in (NP soft cover )NP )PP (NP this month )NP (PRN -LRB- (SBAR with (S (NP the *UNK *UNK )NP (VP revised (SBAR so (S (NP it )NP (VP works )VP )S )SBAR )VP )S )SBAR -RRB- )PRN )VP )VP )S )SBAR )NP )PP , (NP she )NP (VP *UNK (NP each *UNK )NP (PP with (NP (NP (NP appropriate quotations )NP (PP from (NP Russian *UNK )NP )PP )NP : (NP (NP (NP *UNKC )NP (PP on (NP *UNK )NP )PP )NP , (NP (NP *UNKC )NP (PP on (NP *UNK )NP )PP )NP )NP )NP )PP )VP . )S  STOP
(S (S (PP In (NP life )NP )PP , (NP she )NP (VP offers (NP practical *UNKING advice )NP )VP )S : `` (S (VP *UNKC (NP your *UNK )NP (PP into (ADJP important and *UNK )ADJP )PP )VP )S . )S  STOP
(S (PP In (NP a great restaurant )NP )PP , (VP do n't (VP *UNK (NP yourself )NP )VP )VP . )S  STOP
(S (NP The other *UNK )NP (VP do n't (VP matter )VP )VP . '' )S  STOP
(S (S (ADJP (ADJP (ADJP *UNKING )ADJP (SBAR as (S (NP she )NP (VP is )VP )S )SBAR )ADJP , and (ADJP (ADJP *UNK )ADJP (SBAR as (S (NP she )NP (VP can (VP seem )VP )VP )S )SBAR )ADJP )ADJP )S , (NP this )NP (VP is (NP (NP a serious person )NP (PP with (NP some difficult memories )NP )PP )NP )VP . )S  STOP
(S (NP She )NP (VP was (NP (NP the child )NP (PP of (NP relative privilege )NP )PP )NP )VP . )S  STOP
(S (S (NP Her mother )NP (VP was (NP a *UNK )NP )VP )S ; (S (NP her father )NP (VP was `` (NP the *UNK vice director )NP )VP )S . '' )S  STOP
(S `` (S (NP I )NP (VP *UNKED (S (VP to (VP (VP wear (NP better hats )NP )VP , (VP do (NP better parties )NP )VP )VP )VP )S )VP )S , '' (NP she )NP (VP said (PP with (NP a *UNK )NP )PP )VP . )S  STOP
(S `` But (NP we )NP (VP should n't (VP leave (PRT out )PRT (NP political reasons )NP , (NP number one )NP )VP )VP . )S  STOP
(S (NP You )NP (VP try (S (VP to (VP maintain (NP your *UNK )NP (PP under (NP difficult circumstances )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP One )NP (VP can not (VP imagine (SBAR (WHADVP how )WHADVP (S (NP you )NP (VP live (SBAR (WHADVP when )WHADVP (S (NP you )NP (VP live (NP those (ADJP double and *UNK )ADJP lives )NP )VP )S )SBAR )VP )S )SBAR )VP )VP . '' )S  STOP
(S (PP By (NP 1973 )NP )PP , (SBAR after (S (NP their second child )NP (VP was (VP born )VP )VP )S )SBAR , (NP (NP it )NP )NP (VP had (VP become (ADJP clear (PP to (NP (NP Ms. Volokh )NP and (NP (NP her husband *UNKC )NP , (NP a computer scientist )NP , )NP )NP )PP )ADJP (SBAR that (S (NP they )NP (VP wanted (S (VP to (VP leave (NP the *UNKC )NP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Ms. Volokh )NP (VP quit (NP her job )NP , (S (VP to (VP remove (NP herself )NP (PP from (NP the public eye )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The wait )NP (VP was (ADJP *UNK )ADJP )VP . )S  STOP
(S (PP Before (S (VP *UNKING (NP (NP Ms. Volokh 's )NP parents )NP (NP a *UNK )NP )VP )S )PP , (NP the government )NP (VP required (S (NP her mother )NP (VP to (VP obtain (NP permission )NP (PP from (NP (NP her first husband )NP , (SBAR (WHNP whom )WHNP (S (NP she )NP (VP had (VP *UNKED (ADVP (NP 38 years )NP earlier )ADVP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Mr. Volokh )NP (VP (VP was (VP fired (PP from (NP his job )NP )PP )VP )VP , and (VP had (S (VP to (VP *UNK (NP (NP hours )NP (PP of (NP (NP (NP organized *UNK abuse )NP (PP from (NP his *UNK- )NP )PP )NP , (NP (NP accusations )NP (PP of (NP (NP *UNK )NP and (NP *UNK activities )NP )NP )PP )NP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP The *UNKC )NP (VP were (ADJP afraid (SBAR that (S (NP they )NP (VP 'd (VP end (PRT up )PRT (PP like (NP (NP a friend )NP (PP of (NP theirs )NP )PP (SBAR (WHNP who )WHNP (S (VP 'd (VP (VP applied (PP for (NP a *UNK )NP )PP )VP and (VP waited (PP for (NP 10 years )NP )PP , (S (VP having (VP been (VP *UNKED (PP from (NP (NP his profession )NP (PP of (NP *UNK *UNK )NP )PP )NP )PP (PP to (NP shipping clerk )NP )PP )VP )VP )VP )S )VP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP They )NP (VP did n't )VP . )S  STOP
(S (S (NP Their *UNK )NP (VP came (PP in (NP relatively short order )NP )PP )VP )S , and (S (NP they )NP (VP moved (PP to (NP Los Angeles )NP )PP )VP )S . )S  STOP
(S (S (NP Mr. Volokh )NP (ADVP soon )ADVP (VP found (NP (NP work )NP (PP in (NP his field )NP )PP )NP )VP )S , but (S (NP Ms. Volokh )NP (VP refused (NP (NP the (ADJP obvious and available )ADJP *UNK )NP (PRN - (PP as (NP *UNK )NP )PP )PRN (PP for (NP (NP a Russian )NP (SBAR (WHNP who )WHNP (S (VP spoke (NP *UNK English )NP )VP )S )SBAR )NP )PP )NP )VP )S . )S  STOP
(S `` (S (NP That )NP (VP 's (ADVP always )ADVP (VP looking (ADVP back )ADVP )VP )VP )S , '' (NP she )NP (VP said )VP . )S  STOP
(S `` (NP I )NP (VP wanted (S (VP to (VP be (PP in (NP business )NP )PP )VP )VP )S )VP . '' )S  STOP
(S (PP On (NP (NP the way )NP (PP to (NP that goal )NP )PP )NP )PP , (NP she )NP (VP (VP received (NP her first U.S. *UNK )NP (PP for (S (VP *UNKING (NP (NP a book )NP (PP of (NP Polish *UNK )NP )PP )NP )VP )S )PP )VP , (VP attended (NP *UNK school )NP )VP , (ADVP then )ADVP (VP went (S (VP to (VP work (PP for (NP a *UNKING organization )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP Soon )ADVP (NP she )NP (VP was (VP running (NP the office )NP )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP her husband and son )NP (VP founded (NP (NP their computer company )NP , (NP *UNKC )NP , )NP )VP )S )SBAR (NP she )NP (VP worked (PP as (NP (NP business manager )NP , (NP *UNK )NP and (NP *UNK )NP )NP )PP )VP . )S  STOP
(S (ADVP Now )ADVP (NP *UNKC )NP (VP is (VP located (PP in (NP (NP the same building )NP (PP as (NP *UNKC )NP )PP )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP *UNKC )NP (VP work (PRT out )PRT (ADVP unexpectedly )ADVP (PP in (NP life )NP )PP )VP )S , '' (VP said )VP (NP Ms. Volokh )NP . )SINV  STOP
(S `` (NP You )NP (ADVP never )ADVP (VP know (SBAR if (S (NP you )NP (VP 'll (VP be (VP chosen (S (VP to (VP be (NP (NP the *UNK )NP or (NP the lucky one )NP )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP We )NP (VP were (ADJP lucky )ADJP )VP . )S  STOP
(S (NP (NP William D. *UNKC )NP , (NP (NP president )NP (PP of (NP the *UNKC Trade and Economic Council )NP )PP )NP , )NP (VP has (NP (NP a warning )NP (PP for (NP (NP U.S. companies )NP (VP trying (S (VP to (VP do (NP business )NP (PP in (NP the Soviet Union )NP )PP )VP )VP )S )VP )NP )PP )NP )VP . )S  STOP
(S `` (S (S (NP It )NP (VP 's (NP an (ADJP extremely complex )ADJP market )NP )VP )S , and (S (NP you )NP (VP have (S (VP to (VP be (VP prepared (S (VP to (VP make (NP a big commitment )NP )VP )VP )S )VP )VP )VP )S )VP )S )S , '' (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S `` (NP We )NP (VP are not (VP trying (S (VP to (VP encourage (NP everyone )NP )VP )VP )S )VP )VP . '' )S  STOP
(S (S (ADJP *UNKED (PP by (NP (NP such words )NP (PP of (NP caution )NP )PP )NP )PP )ADJP )S , (NP corporate America )NP (VP is (VP *UNKING (PP to (NP Moscow )NP )PP , (S (VP *UNKED (PP by (NP (NP a huge *UNKED market )NP and (NP (NP Mikhail Gorbachev 's )NP attempt (S (VP to (VP overhaul (NP the Soviet economy )NP )VP )VP )S )NP )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP (S (VP *UNKING (NP business )NP (PP with (NP the Russians )NP )PP )VP )S , (RRC (ADVP once )ADVP (NP (NP the pursuit )NP (PP of (NP (NP a handful )NP (PP of (NP *UNKED *UNK )NP )PP )NP )PP )NP )RRC , )NP (VP has (VP become (NP (NP the goal )NP (PP of (NP (NP (NP such major companies )NP (PP as (NP (NP General Motors Corp. )NP , (NP Federal Express Corp. )NP and (NP Procter & Gamble Co. )NP )NP )PP )NP , (CONJP as well as )CONJP (NP (NP a *UNK )NP (PP of (NP smaller firms )NP )PP )NP )NP )PP )NP )VP )VP . )S  STOP
(S (S (VP *UNKING (NP the *UNK- interest )NP )VP )S , (NP (QP more than 140 )QP U.S. companies )NP (VP are (VP taking (NP part )NP (PP in (NP (NP a Moscow exhibition )NP (VP organized (PP by (NP (NP Mr. *UNKC 's )NP trade group )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S But (SBAR while (S (NP U.S. interest )NP (VP may (VP be (UCP (ADJP big )ADJP and (VP growing )VP )UCP )VP )VP )S )SBAR , (NP (NP the difficulties )NP (SBAR (WHNP that )WHNP (S (VP have (VP *UNKED (NP deals )NP (PP in (NP the past )NP )PP )VP )VP )S )SBAR )NP (VP show (NP (NP no sign )NP (PP of (NP *UNKING )NP )PP )NP )VP . )S  STOP
(S (PP *UNKC (NP (NP the old problems )NP (PP of (NP (NP a *UNK- currency )NP and (NP an *UNK bureaucracy )NP )NP )PP )NP )PP , (NP Western business executives )NP (VP must (ADVP now )ADVP (VP *UNK (PP with (NP (NP new *UNK )NP (VP linked (PP to (NP (NP perestroika )NP , (NP (NP the restructuring )NP (PP of (NP the Soviet economy )NP )PP )NP )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (NP Executives )NP (VP say (SBAR (S (NP (NP Mr. Gorbachev 's )NP moves (S (VP to (VP break (PRT up )PRT (NP (NP the government 's )NP foreign trade *UNKLY )NP )VP )VP )S )NP (VP have (VP created (NP (NP uncertainties )NP (CONJP as well as )CONJP (NP opportunities )NP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (ADJP *UNKING )ADJP legislation )NP (VP has (VP opened (NP the field )NP (PP to (NP (NP (NP thousands )NP (PP of (NP *UNKED Soviet players )NP )PP )NP , (NP (NP many )NP (SBAR (WHNP who )WHNP (S (VP promise (NP (NP more )NP (SBAR than (S (NP they )NP (VP can (VP deliver )VP )VP )S )SBAR )NP )VP )S )SBAR )NP )NP )PP )VP )VP . )S  STOP
(S And (NP some foreign firms )NP (VP are (VP finding (SBAR that (S (SBAR (WHADVP even when )WHADVP (S (NP they )NP (VP manage (S (VP to (VP overcome (NP such *UNK )NP )VP )VP )S )VP )S )SBAR , (NP their ventures )NP (ADVP now )ADVP (VP have (S (VP to (VP be (VP endorsed (PP by (NP (NP such *UNK *UNK )NP (PP as (NP (NP the Soviet *UNK )NP and (NP (NP the governments )NP (PP of (NP (NP the nation 's )NP *UNK )NP )PP )NP )NP )PP )NP )PP )VP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(SINV `` (S (NP You )NP (VP have (S (VP to (VP go (ADVP out (PP to (NP all your constituents )NP )PP )ADVP )VP )VP )S )VP )S , '' (VP says )VP (NP (NP James H. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP is (VP *UNKING (NP (NP the (ADJP most ambitious )ADJP attempt )NP (PP by (NP U.S. firms )NP )PP (S (VP to (VP break (PP into (NP the Soviet market )NP )PP )VP )VP )S , (VP involving (NP (NP investment )NP (PP of (NP (QP more than $ 5 billion )QP )NP )PP (PP in (NP (QP some two dozen )QP joint ventures )NP )PP )NP )VP )NP )VP )VP )S )SBAR )NP . )SINV  STOP
(S (PP As (NP (NP part )NP (PP of (NP (NP that attempt )NP , (PP by (NP the American Trade *UNKC )NP )PP , )NP )PP )NP )PP (NP Mr. *UNKC )NP (VP says (SBAR (S (NP he )NP (VP spends (NP (NP a lot )NP (PP of (NP time )NP )PP )NP (S (VP lobbying )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKING public fears )NP (PP about (NP the Soviet environment )NP )PP )NP (VP is (NP (NP one new factor )NP (VP affecting (NP some joint-venture plans )NP )VP )NP )VP . )S  STOP
(S (PP Over (NP the past two years )NP )PP , (NP Soviet *UNK )NP (VP have (VP been (VP talking (PP to (NP (NP international firms )NP , (PP including (NP (NP (NP (NP Occidental Petroleum Co. )NP and (NP *UNKC Engineering Inc. )NP )NP (PP of (NP the U.S. )NP )PP )NP , (NP (NP Montedison *UNKC )NP (PP of (NP Italy )NP )PP )NP and (NP several Japanese groups )NP , )NP )PP )NP )PP (PP about (S (VP (ADVP jointly )ADVP building and operating (NP several big petrochemical plants )NP )VP )S )PP )VP )VP )VP . )S  STOP
(S (S (NP The plans )NP (VP have (VP come (PP under (NP (NP fire )NP (PP from (NP Soviet environmentalists )NP )PP )NP )PP )VP )VP )S , and (S (NP officials )NP (VP say (SBAR (S (NP many )NP (VP are (ADJP likely (S (VP to (VP be (VP (VP scaled (PRT back )PRT )VP or (VP dropped )VP )VP )VP )VP )S )ADJP )VP )S )SBAR )VP )S . )S  STOP
(S (SBAR (WHNP Whatever )WHNP (FRAG (NP the difficulties )NP )FRAG )SBAR , (NP Mr. Gorbachev )NP (VP remains (ADJP committed (PP to (S (VP increasing (NP foreign trade )NP )VP )S )PP )ADJP )VP . )S  STOP
(S (PP For (NP (ADJP (ADJP political )ADJP (CONJP as well as )CONJP (ADJP economic )ADJP )ADJP reasons )NP )PP , (NP U.S. companies )NP (VP (VP are (PP at (NP (NP the top )NP (PP of (NP his priorities )NP )PP )NP )PP )VP -- (NP (NP a point )NP (SBAR (S (NP he )NP (VP *UNKED (PP by (S (VP spending (NP two hours )NP (S (VP walking (PP around (NP the U.S. trade show )NP )PP (NP last week )NP )VP )S )VP )S )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (VP *UNKING (PP to (NP (NP a small group )NP (PP of (NP U.S. executives )NP )PP )NP )PP (ADVP *UNK )ADVP )VP )S , (NP Mr. Gorbachev )NP (VP appeared (ADJP *UNK (PP for (NP (NP a big expansion )NP (PP in (NP (NP *UNKC trade )NP , (SBAR (WHNP which )WHNP (S (ADVP now )ADVP (VP amounts (PP to (NP (NP a *UNK (QP $ 3 billion )QP )NP (ADVP annually )ADVP )NP )PP )VP )S )SBAR )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (NP The U.S. )NP (VP ranks (ADJP fourth (PP of (NP (NP countries )NP (SBAR (WHNP that )WHNP (S (VP have (VP concluded (NP joint ventures )NP )VP )VP )S )SBAR )NP )PP )ADJP , (PP behind (NP (NP West Germany )NP , (NP Finland )NP and (NP Italy )NP )NP )PP )VP . )S  STOP
(S (PP According (PP to (NP (NP several people )NP (ADJP present (PP at (NP the meeting )NP )PP )ADJP )NP )PP )PP , (NP Mr. Gorbachev )NP (ADVP also )ADVP (VP supported (NP (NP the idea )NP (PP of (S (VP *UNKING (NP several commercial *UNK )NP (PP with (NP the U.S. )NP )PP , (PP (ADVP possibly )ADVP at (NP (NP his next summit meeting )NP (PP with (NP President Bush )NP )PP )NP )PP )VP )S )PP )NP )VP . )S  STOP
(S (S (VP *UNKING (PP by (NP (NP the crush )NP (PP at (NP the exhibition )NP )PP )NP )PP )VP )S , (NP *UNKED Soviet consumers )NP (VP are (ADJP (ADVP more than )ADVP ready (PP for (NP U.S. products )NP )PP )ADJP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP people )NP )PP )NP (VP *UNKED (PRT up )PRT (NP every day )NP (PP at (NP the *UNKC Co. stand )NP )PP (S (VP to (VP receive (NP (NP a free *UNK )NP (PP of (NP (NP *UNK )NP , (NP (NP a commodity )NP (PP in (NP (ADJP *UNKLY short )ADJP supply )NP )PP (ADVP here )ADVP )NP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S And (NP (NP *UNKLY *UNK )NP (PP at (NP (NP RJR Nabisco Inc. 's )NP *UNK )NP )PP )NP (ADVP almost )ADVP (VP knocked (PRT over )PRT (NP a glass *UNK )NP (PP in (NP the rush (S (VP to (VP get (NP a free *UNKC cigarette *UNK )NP )VP )VP )S )NP )PP )VP . )S  STOP
(S (NP Some U.S. products )NP (VP are (VP *UNKING (PP into (NP the Soviet market )NP )PP (PP under (NP an emergency import program )NP )PP )VP )VP . )S  STOP
(S (NP Both (NP Colgate )NP and (NP Procter & Gamble )NP )NP (VP have (VP received (NP (NP big orders )NP (PP for (NP *UNK , *UNK and *UNK )NP )PP )NP )VP )VP . )S  STOP
(S (NP The American Trade *UNKC )NP (VP says (SBAR (S (NP it )NP (VP is (VP planning (S (VP to (VP ship (NP (NP (NP (QP some $ 500 million )QP )NP (PP of (NP consumer goods )NP )PP )NP , (VP financed (PP by (NP bank credits )NP )PP )VP , )NP (PP in (NP (NP the first few months )NP (PP of (NP next year )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP the current Soviet purchasing spree )NP (VP may (VP be (NP a one-time affair )NP )VP )VP . )S  STOP
(S (NP (NP (NP The goal )NP (PP of (NP most U.S. firms )NP )PP )NP -- (NP joint ventures )NP -- )NP (VP remains (ADJP *UNK )ADJP )VP . )S  STOP
(S (SBAR Because (S (NP the Soviet ruble )NP (VP is n't (ADJP convertible (PP into (NP (NP dollars )NP , (NP marks )NP and (NP other Western currencies )NP )NP )PP )ADJP )VP )S )SBAR , (NP (NP companies )NP (SBAR (WHNP that )WHNP (S (VP hope (S (VP to (VP set (PRT up )PRT (NP production facilities )NP (ADVP here )ADVP )VP )VP )S )VP )S )SBAR )NP (VP must (VP either (VP export (NP (NP some )NP (PP of (NP the goods )NP )PP )NP (S (VP to (VP earn (NP hard currency )NP )VP )VP )S )VP or (VP find (NP (NP Soviet goods )NP (SBAR (S (NP they )NP (VP can (VP take (PP in (NP a *UNK- transaction )NP )PP )VP )VP )S )SBAR )NP )VP )VP )VP . )S  STOP
(S (NP (NP International competition )NP (PP for (NP (NP the few Soviet goods )NP (SBAR (WHNP that )WHNP (S (VP can (VP be (VP sold (PP on (NP world markets )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP (VP is (VP heating (PRT up )PRT , (ADVP however )ADVP )VP )VP . )S  STOP
(S (NP (NP *UNKC M. *UNKC )NP , (NP (NP an entrepreneur )NP (PP from (NP New Jersey )NP )PP (SBAR (WHNP who )WHNP (S (VP buys (NP (NP Soviet *UNK )NP and (NP `` *UNK '' *UNKING *UNK )NP )NP (PP for (NP (NP export )NP (PP to (NP the U.S. )NP )PP )NP )PP )VP )S )SBAR )NP , )NP (VP says (SBAR (S (NP (ADJP West German )ADJP companies )NP (ADVP already )ADVP (VP have (VP snapped (PRT up )PRT (NP (NP much )NP (PP of (NP (NP the production )NP (PP of (NP these items )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (VP *UNKING (S (VP to (VP overcome (NP the currency problems )NP )VP )VP )S )VP )S , (NP (NP (NP Mr. *UNKC 's )NP American Trade *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP (NP Chevron Corp. )NP , (NP RJR )NP , (NP Johnson & Johnson )NP , (NP Eastman Kodak Co. )NP , and (NP *UNKC Co. )NP , )NP )VP )S )SBAR )NP (VP has (VP *UNKED (NP (NP an elaborate scheme )NP (SBAR (S (VP to (VP share (PRT out )PRT (NP (NP dollar earnings )NP , (PP (ADVP largely )ADVP from (NP (NP the revenues )NP (PP of (NP a planned Chevron oil project )NP )PP )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP Several medical concerns )NP , (PP including (NP (NP *UNKC Inc. )NP , (NP Hewlett-Packard Co. )NP , (NP Colgate )NP and (NP *UNKC Laboratories )NP )NP )PP )NP (VP intend (S (VP to (VP pursue (NP a similar consortium approach )NP )VP )VP )S )VP . )S  STOP
(SINV `` (S (NP (NP It )NP )NP (VP 's (ADJP hard )ADJP (S (VP to (VP invest (NP capital )NP (ADVP here )ADVP (PP on (NP (NP the same basis )NP (PP as (S (VP investing (PP in (NP other countries )NP )PP )VP )S )PP )NP )PP )VP )VP )S )VP )S , '' (VP says )VP (NP (NP Dennis A. *UNKC )NP , (NP (NP president )NP (PP of (NP Medical Service Partners Inc. )NP )PP )NP , (SBAR (WHNP who )WHNP (S (VP is (VP putting (NP the medical consortium )NP (PRT together )PRT )VP )VP )S )SBAR )NP . )SINV  STOP
(S (NP Some U.S. entrepreneurs )NP (VP operate (PP on (NP a smaller scale )NP )PP )VP . )S  STOP
(S (NP One group )NP (VP seeks (S (VP to (VP publish (NP a *UNKC medical journal )NP (PP in (NP (NP *UNK )NP (PP with (NP (NP the U.S.S.R. Ministry )NP (PP of (NP Health )NP )PP )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP According (PP to (NP (NP Richard P. Mills )NP , (NP (NP a *UNKED official )NP (PP of (NP the U.S. partner )NP )PP )NP , )NP )PP )PP (NP (NP 10,000 copies )NP (PP of (NP the quarterly )NP )PP )NP (VP will (VP be (VP *UNKED (PP in (NP Russian )NP )PP (PP from (NP next year )NP )PP )VP )VP )VP . )S  STOP
(S (NP It )NP (VP will (VP be (VP financed (PP (PP by (NP (NP *UNK )NP (PP from (NP U.S. companies )NP )PP )NP )PP and (PP by (NP (NP *UNK publication )NP (PP of (NP (NP an *UNKC journal )NP (VP containing (NP (NP details )NP (PP of (NP Soviet medical *UNK )NP )PP )NP )VP )NP )PP )NP )PP )PP )VP )VP )VP . )S  STOP
(S `` (S (NP We )NP (VP found (NP a market niche )NP )VP )S , '' (NP Mr. Mills )NP (VP boasts )VP . )S  STOP
(S `` (NP It )NP (VP 's (ADJP truly *UNK )ADJP )VP . )S  STOP
(S (NP General Electric Co. )NP (VP was (VP given (NP (NP an (ADJP (QP $ *UNKN million )QP )ADJP Navy contract )NP (PP for (NP nuclear *UNK parts )NP )PP )NP )VP )VP . )S  STOP
(S (NP Westinghouse Electric Corp. )NP (ADVP also )ADVP (VP won (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP Navy contract )NP (PP for (NP nuclear *UNK parts )NP )PP )NP )VP . )S  STOP
(S (NP Federal Data Corp. )NP (VP was (VP issued (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP Navy contract )NP (PP for (NP computer systems )NP )PP )NP )VP )VP . )S  STOP
(S (NP American Telephone & Telegraph Co. )NP (VP was (VP awarded (NP (NP an (ADJP (QP $ 11.5 million )QP )ADJP Navy contract )NP (PP for (NP *UNK services )NP )PP )NP )VP )VP . )S  STOP
(S (NP Cray Research Inc. )NP (VP said (SBAR (S (NP it )NP (VP sold (NP (NP one )NP (PP of (NP (NP its (ADJP *UNK and largest )ADJP computer systems )NP , (NP the Cray *UNKC )NP , )NP )PP )NP (PP to (NP the United Kingdom *UNKC Office )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The system )NP (VP is (NP (NP the first )NP (SBAR (S (VP to (VP be (VP sold (PP through (NP (NP the joint marketing agreement )NP (PP between (NP (NP Cray )NP and (NP Control Data Corp )NP )NP )PP )NP )PP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP The supercomputer )NP , (SBAR (WHNP which )WHNP (S (VP lists (PP for (NP (QP $ *UNKN million )QP )NP )PP )VP )S )SBAR , )NP (VP will (VP be (VP installed (PP in (NP (NP the first quarter )NP (PP of (NP 1990 )NP )PP )NP )PP (PP in (NP (NP (NP the *UNK office 's )NP headquarters )NP (PP in (NP (NP *UNKC )NP , (NP England )NP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP Shareholders )NP (PP of (NP *UNKC Banco *UNKC *UNKC )NP )PP )NP (VP voted (S (VP to (VP accept (NP (NP a bid )NP (PP of (NP (NP (NP *UNKN lire )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN )NP (NP a share )NP )NP )PP (PP by (NP (NP France 's )NP Credit *UNKC )NP )PP (PP for (NP (NP *UNKN % )NP (PP of (NP the bank )NP )PP )NP )PP )NP )VP )VP )S , (S (VP *UNKING (NP (NP an earlier , equal offer )NP (PP by (NP (NP Italy 's )NP *UNKC *UNKC *UNKC )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP The move )NP (VP will (VP (VP give (NP *UNKC Banco )NP (NP a (ADJP badly needed )ADJP foreign presence )NP )VP , and (VP make (S (NP Credit *UNKC )NP (NP (NP the bank 's )NP largest shareholder )NP )S )VP )VP )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP opens (NP (NP a *UNK )NP (PP in (NP (NP (NP the bank 's )NP shareholders ' )NP syndicate )NP )PP (SBAR (WHNP that )WHNP (S (VP could (VP lead (PP to (NP (NP a battle )NP (PP for (NP (NP control )NP (PP of (NP the concern )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP *UNKC Banco )NP (VP will (VP become (NP (NP Italy 's )NP biggest private-sector bank )NP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP *UNK (NP (NP its scheduled merger )NP (PP with (NP *UNKC *UNKC *UNK *UNKC )NP )PP )NP (PP by (NP year end )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP Credit *UNKC )NP (VP asked (NP a Milan court )NP (S (VP to (VP *UNK (NP the Nuovo Banco shares )NP )VP )VP )S )VP )S , (NP the Italian news agency *UNKC )NP (VP reported )VP . )S  STOP
(S (NP The *UNK )NP (VP is (VP scheduled (S (VP to (VP rule (PP on (NP the request )NP )PP (NP Friday )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP No reason )NP (PP for (NP the request )NP )PP )NP (VP was (VP given )VP )VP . )S  STOP
(S (NP Credit *UNKC officials )NP (VP could n't (VP be (ADVP immediately )ADVP (VP reached (PP for (NP comment )NP )PP )VP )VP )VP . )S  STOP
(S (NP The decision (S (VP to (VP accept (NP (NP (NP Credit Agricole 's )NP bid )NP , (VP valued (PP at (NP (NP (QP *UNKN billion )QP lire )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP )PP )VP , )NP )VP )VP )S )NP (VP came (PP after (NP a *UNK weekend meeting )NP )PP )VP . )S  STOP
(S (NP (NP (NP Nuovo Banco 's )NP (ADJP second largest )ADJP shareholder )NP , (NP (NP the (ADJP Fiat *UNKED )ADJP investment concern )NP , (NP *UNKC *UNKC )NP , )NP )NP (VP fought (S (VP to (VP have (S (NP (NP *UNKC 's )NP offer )NP (VP approved )VP )S )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP owns (NP (NP *UNKN % )NP (PP of (NP Nuovo Banco )NP )PP )NP )VP )S )SBAR , )NP (VP *UNKED (PP in (NP (NP the final vote )NP (PP on (NP (NP Credit Agricole )NP , (SBAR (WHNP which )WHNP (S (VP was (ADVP nonetheless )ADVP (VP approved (PP by (NP (NP a majority )NP (PP of (NP shareholders )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The *UNK )NP (PP with (NP Credit Agricole )NP )PP )NP (VP will (VP give (NP Nuovo Banco )NP (NP (NP its first foreign presence )NP (SBAR since (S (NP it )NP (VP was (VP formed (PP from (NP (NP the *UNK )NP (PP of (NP (NP the old Banco *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP collapsed (PP amid (NP scandal )NP )PP (PP after (NP (NP the death )NP (PP of (NP Chairman *UNKC *UNKC )NP )PP (PP in (NP 1982 )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (PP Since (NP then )NP )PP , (NP the bank )NP (VP (VP has (VP strengthened (NP its Italian network )NP )VP )VP , and (VP has (VP posted (NP strong results )NP )VP )VP )VP . )S  STOP
(S `` (S (NP The shareholders )NP (VP felt (SBAR (S (NP we )NP (VP needed (NP a foreign presence )NP (ADVP (ADVP more )ADVP (SBAR than (S (NP we )NP (VP needed (NP (NP links )NP (PP with (NP an insurance company )NP )PP )NP )VP )S )SBAR )ADVP )VP )S )SBAR )VP )S , '' (NP an *UNKC spokeswoman )NP (VP said )VP . )S  STOP
(S (NP *UNKC )NP (VP said (PP in (NP a statement )NP )PP (SBAR that `` (S (NP it )NP (VP reserves (NP the right (S (VP to (VP take (NP any action )NP (S (VP to (VP protect (NP its rights )NP )VP )VP )S )VP )VP )S )NP (PP as (NP (NP a member )NP (PP of (NP the syndicate )NP )PP )NP )PP )VP )S )SBAR )VP . '' )S  STOP
(S (NP A company spokeswoman )NP (VP said (SBAR (S (NP the company )NP (VP (VP had n't (VP decided (SBAR (WHNP what measures )WHNP (S (VP to (VP take )VP )VP )S )SBAR )VP )VP , but (VP did n't (VP rule (PRT out )PRT (NP legal action )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP (NP Italy 's )NP biggest insurer )NP , )NP (NP last month )NP (VP offered (NP (NP *UNKN lire )NP (NP a share )NP )NP (PP for (NP (NP the Nuovo Banco stake )NP (VP held (PP by (NP (NP (NP Banco *UNKC *UNK *UNKC )NP , (NP (NP the bank 's )NP largest shareholder )NP , )NP (SBAR (WHNP which )WHNP (S (VP announced (NP plans (S (VP to (VP sell (NP the holdings )NP )VP )VP )S )NP (NP earlier this year )NP )VP )S )SBAR )NP )PP )VP )NP )PP )VP . )S  STOP
(S (NP A *UNKC spokesman )NP (VP declined (S (VP to (VP comment (PP on (NP (NP (NP Nuovo Banco 's )NP rejection )NP (PP of (NP (NP the insurer 's )NP offer )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP On (NP the Milan stock exchange )NP )PP , (NP (NP Nuovo Banco 's )NP shares )NP (VP jumped (PP to (NP (NP *UNKN lire )NP (NP each )NP )NP )PP (PP from (NP *UNKN lire )NP (NP Friday )NP )PP )VP . )S  STOP
(S (NP (NP Qintex Australia Ltd. )NP , (NP (NP a media and resorts concern )NP (VP controlled (PP by (NP Australian entrepreneur Christopher Skase )NP )PP )VP )NP , )NP (VP announced (NP a plan (S (VP to (VP restructure and sell (NP assets )NP (S (VP to (VP try (S (VP to (VP ease (NP its financial problems )NP )VP )VP )S )VP )VP )S )VP )VP )S )NP )VP . )S  STOP
(S (NP (NP Mr. Skase )NP , (NP (NP a *UNK- former newspaper reporter )NP (SBAR (WHNP who )WHNP (S (VP chairs (NP the company )NP )VP )S )SBAR )NP , )NP (VP said (PP in (NP a statement )NP )PP (SBAR that (S (NP Qintex )NP (VP will (VP sell (NP (NP (NP its (ADJP 51 % )ADJP stake )NP (PP in (NP (NP its upscale Mirage resorts )NP (PP in (NP Australia and Hawaii )NP )PP )NP )PP )NP (CONJP as well as )CONJP (NP three Australian television stations )NP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The sales )NP (VP are (VP expected (S (VP to (VP raise (NP (NP (QP more than 600 million )QP Australian dollars )NP (PRN -LRB- (NP (QP US$ *UNKN million )QP )NP -RRB- )PRN )NP )VP )VP )S )VP )VP )S , (NP Mr. Skase )NP (VP said )VP . )S  STOP
(S (S (NP Qintex Australia )NP (VP has n't (VP disclosed (NP its borrowings )NP )VP )VP )S , but (S (NP analysts )NP (VP estimate (NP (NP the company 's )NP debt )NP (PP at (NP (QP A$ 1.2 billion )QP )NP )PP )VP )S . )S  STOP
(S (NP Mr. Skase )NP (ADVP also )ADVP (VP said (SBAR (S (NP the restructuring plan )NP (VP calls (PP for (NP (NP the merger )NP (PP of (NP Qintex Australia )NP )PP (PP with (NP (NP Qintex Ltd. )NP , (SBAR (WHNP which )WHNP (S (VP owns (NP (NP 55 % )NP (PP of (NP Qintex Australia )NP )PP )NP )VP )S )SBAR )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP He )NP (VP said (SBAR (S (NP the move )NP (VP will `` (ADVP significantly )ADVP (VP reduce (NP (ADJP administrative and operating )ADJP costs )NP )VP )VP )S )SBAR )VP )S , '' but (S (NP he )NP (VP did n't (VP provide (NP (NP details )NP (PP of (NP the merger )NP )PP )NP )VP )VP )S . )S  STOP
(S (NP Company officials )NP (VP said (PP over (NP the weekend )NP )PP (SBAR that (S (NP (NP Qintex Australia 's )NP bank creditors )NP (VP have (VP become (ADJP concerned (PP about (NP (NP a *UNK )NP (PP of (NP bad news )NP )PP (PP at (NP the company )NP )PP , (PP including (NP a failed (ADJP (QP US$ 1.5 billion )QP )ADJP plan (S (VP to (VP buy (NP (NP MGM\/UA Communications Co. )NP , (NP a (NAC Beverly Hills , Calif. , )NAC movie and television production concern )NP )NP )VP )VP )S )NP )PP )NP )PP )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Friday )NP , (NP (NP Qintex Entertainment Inc. )NP , (NP a *UNKED U.S. affiliate )NP , )NP (VP filed (PP for (NP (NP protection )NP (PP from (NP creditor lawsuits )NP )PP )NP )PP (PP under (NP (NP Chapter 11 )NP (PP of (NP the U.S. Bankruptcy Code )NP )PP )NP )PP )VP . )S  STOP
(S (NP Analysts )NP (VP predicted (SBAR that (S (NP the move )NP (VP would (VP (VP (ADVP further )ADVP shake (NP (NP creditor confidence )NP (PP in (NP Qintex Australia )NP )PP )NP )VP and (VP force (S (NP it )NP (VP to (VP sell (NP assets )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The company 's )NP latest moves )NP (VP were (VP disclosed (SBAR after (S (NP the Australian Stock Exchange )NP (VP suspended (NP (NP trading )NP (PP in (NP (NP shares )NP (PP of (NP (NP Qintex Australia )NP and (NP Qintex Ltd. )NP )NP )PP )NP )PP )NP (SBAR because (S (NP the companies )NP (VP had n't (VP *UNKED (NP (NP an exchange inquiry )NP (PP about (NP (NP the extent )NP (PP of (NP (NP their loans , investments and deposits )NP (PP at (NP Qintex Entertainment )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Mr. Skase 's )NP statement )NP (VP (VP was (VP addressed (PP to (NP the stock exchange )NP )PP )VP )VP and (VP appeared (S (VP to (VP be (NP (NP a response )NP (PP to (NP the inquiry )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP It )NP (VP said (SBAR (S (NP Qintex Entertainment )NP (VP owes (NP Qintex Australia )NP (NP (NP (QP US$ *UNKN million )QP )NP (PP in (NP (NP loans )NP (VP not secured (PP by (NP specific assets )NP )PP )VP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Qintex Australia )NP (ADVP also )ADVP (VP said (SBAR (S (NP it )NP (VP has (NP (NP an investment )NP (PP of (NP (NP (QP A$ *UNKN million )QP )NP (PP in (NP Qintex Entertainment shares )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP the statement )NP )PP , (NP Mr. Skase )NP (VP said (SBAR that (S (PP on (NP (NP the basis )NP (PP of (NP (NP current interest rates )NP (PP in (NP Australia )NP )PP )NP )PP )NP )PP , (NP (NP the company 's )NP asset sales )NP (VP would (VP reduce (NP interest expense )NP (PP by (NP (NP (QP about A$ 120 million )QP )NP (NP a year )NP )NP )PP (PP in (NP (NP addition )NP (PP to (S (VP eliminating (NP certain liabilities )NP )VP )S )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP March )NP )PP , (NP Qintex )NP (VP sold (NP (NP 49 % )NP (PP of (NP the three Mirage resorts )NP )PP )NP (PP to (NP (NP Japan 's )NP (NP (NP Nippon *UNKC Co. )NP and (NP Mitsui & Co. )NP )NP )NP )PP (PP for (NP (QP A$ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP (NP Yesterday 's )NP statement )NP (VP did n't (VP say (SBAR whether (S (NP the Japanese companies )NP (VP will (VP acquire (NP (NP (NP Qintex 's )NP remaining stake )NP (PP in (NP the resorts )NP )PP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (SBAR Before (S (NP its shares )NP (VP were (VP suspended (PP from (NP trading )NP )PP )VP )VP )S )SBAR , (NP Qintex Australia )NP (VP plunged (PP to (NP (NP (NP 16 Australian cents )NP (PRN -LRB- (NP 12 U.S. cents )NP -RRB- )PRN )NP (NP a share )NP )NP )PP (NP yesterday )NP (PP from (NP 33 Australian cents )NP (NP Friday )NP )PP )VP . )S  STOP
(S (NP The shares )NP (VP traded (PP at (NP (QP about A$ 1.50 )QP )NP )PP (PP in (NP (NP March )NP , (SBAR (WHADVP when )WHADVP (S (NP the plan (S (VP to (VP acquire (NP MGM\/UA )NP )VP )VP )S )NP (VP was (VP announced )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Qintex Ltd. shares )NP (VP sank (PP to (NP A$ 1.50 )NP )PP (NP yesterday )NP (PP from (NP A$ *UNKN )NP (NP Friday )NP )PP )VP . )S  STOP
(S (NP (NP Mr. Skase 's )NP statement )NP (VP cited (NP (NP four recent problems )NP (SBAR (WHNP that )WHNP (S (NP he )NP (VP said (SBAR (S (VP had (VP cut (NP group cash flow )NP (PP by (NP (QP more than A$ 200 million )QP )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )NP )VP . )S  STOP
(S (NP They )NP (VP were (NP (SBAR (WHNP what )WHNP (S (NP he )NP (VP called (S (NP (NP an `` *UNK *UNK '' )NP (PP by (NP MGM\/UA )NP )PP (PP of (NP (NP the acquisition agreement )NP (PP with (NP Qintex )NP )PP )NP )PP )NP )S )VP )S )SBAR , (NP high Australian interest rates )NP , (NP (NP (NP a pilots ' )NP strike )NP (PP at (NP Australian domestic airlines )NP )PP (SBAR (WHNP that )WHNP (S (VP cut (NP (NP revenue )NP (PP at (NP (NP the company 's )NP Australian resorts )NP )PP )NP )VP )S )SBAR )NP and (NP (NP delays )NP (PP in (S (VP completing (NP (NP a sale )NP (PP of (NP (NP two regional TV stations )NP (PP in (NP *UNKC state )NP )PP )NP )PP )NP )VP )S )PP )NP )NP )VP . )S  STOP
(S (S (NP MGM\/UA )NP (VP has (VP sued (NP Qintex Australia )NP (PP for (NP (NP (NP breach )NP (PP of (NP contract )NP )PP )NP and (NP fraud )NP )NP )PP (PP over (NP the collapsed acquisition agreement )NP )PP )VP )VP )S , and (S (NP Qintex Australia )NP (VP has (VP threatened (NP a *UNK )NP )VP )VP )S . )S  STOP
(S (NP Qintex Australia )NP (VP has n't (ADVP yet )ADVP (VP reported (NP (NP results )NP (PP for (NP (NP the fiscal year )NP (VP ended (NP July 31 )NP )VP )NP )PP )NP )VP )VP . )S  STOP
(S (PP In (NP his statement )NP )PP , (NP Mr. Skase )NP (VP said (SBAR (S (NP preliminary accounts )NP (VP showed (SBAR that (S (NP (NP group profit )NP (PP before (NP interest , tax and depreciation )NP )PP )NP `` (VP will (VP exceed (NP (QP A$ 170 million )QP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP gave (NP no further details )NP )VP . )S  STOP
(S (NP (NP Shareholders ' )NP funds )NP (PP as (PP of (NP July 31 )NP )PP )PP (VP were (VP estimated (PP at (NP (QP more than A$ 1 billion )QP )NP )PP (PRN , (S (NP Mr. Skase )NP (VP said )VP )S , )PRN (PP compared (PP with (NP (NP (QP A$ *UNKN million )QP )NP (ADVP (NP a year )NP earlier )ADVP )NP )PP )PP )VP )VP . )S  STOP
(S (S (NP The company )NP (VP will (VP make (NP `` adequate provisions '' (S (VP to (VP cover (NP (NP (NP costs )NP (PP of (NP (NP the dispute )NP (PP with (NP MGM\/UA )NP )PP )NP )PP )NP and (NP (NP any loss )NP (PP from (NP (NP the investment )NP (PP in (NP Qintex Entertainment )NP )PP )NP )PP )NP )NP )VP )VP )S )NP )VP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (NP Mr. Skase )NP (ADVP also )ADVP (VP disclosed (NP (NP a *UNK )NP (PP among (NP (NP directors )NP (PP of (NP Qintex Australia )NP )PP )NP )PP (PP over (NP (NP certain fees )NP (VP claimed (PP by (NP (NP Qintex Group Management Services *UNKC )NP , (NP (NP a *UNK- concern )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP Qintex Australia executives )NP (VP have (NP an interest )NP )VP )S )SBAR )NP )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(S (NP Qintex Australia )NP (VP paid (NP the management company )NP (NP (QP A$ *UNKN million )QP )NP (PP in (NP the latest fiscal year )NP )PP )VP . )S  STOP
(S (NP Mr. Skase )NP (VP said (SBAR (S (S (NP (NP most )NP (PP of (NP the money )NP )PP )NP (VP went (PP to (NP other parties )NP )PP (PP for (NP (NP expenses )NP (PP such as (NP rent and travel )NP )PP )NP )PP )VP )S , but (S (NP a smaller portion )NP (VP is (VP owed (PP to (NP (NP senior executives )NP and (NP others )NP )NP )PP (PP for (NP management services )NP )PP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC directors )NP (PP of (NP Qintex Australia )NP )PP , (SBAR (WHNP who )WHNP (S (VP must (VP approve (NP (NP payments )NP (PP to (NP the senior executives )NP )PP )NP )VP )VP )S )SBAR , )NP (VP *UNKED (PP at (NP the amount )NP )PP )VP . )S  STOP
(S (S (NP (NP Two )NP (PP of (NP the directors )NP )PP )NP (VP resigned )VP )S (PRN , (S (NP Mr. Skase )NP (VP said )VP )S , )PRN so (S (NP the payments )NP (VP have n't (ADVP yet )ADVP (VP been (VP approved )VP )VP )VP )S . )S  STOP
(S (NP (NP *UNKC 's )NP *UNKC )NP (VP (VP Is (ADVP Here )ADVP (NP Today )NP )VP , (VP (ADVP Here )ADVP (NP *UNKC )NP )VP )VP )S  STOP
(S (NP *UNKC *UNKC )NP (VP plan (S (VP to (VP market (NP (NP a new chip )NP (PP with (NP (NP *UNK *UNK )NP (SBAR (WHNP that )WHNP (S (VP store (NP data )NP (SBAR (WHADVP even when )WHADVP (S (NP the power )NP (VP is (ADVP off )ADVP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP Today 's )NP (ADJP (ADVP most widely )ADVP used )ADJP *UNKING chips )NP (VP have (NP (NP `` volatile '' memories )NP -- (S (S (NP their data )NP (VP *UNK (SBAR if (S (NP they )NP (VP are n't (VP fed (NP (NP a steady *UNK )NP (PP of (NP electricity )NP )PP )NP )VP )VP )S )SBAR )VP )S , so (S (NP they )NP (VP need (NP external power supplies )NP )VP )S )S )NP )VP . )S  STOP
(S (NP (NP National Semiconductor Corp. )NP and (NP (NP a start-up )NP (VP named (S (NP *UNKC Corp. )NP )S )VP )NP )NP (VP plan (S (VP to (VP start (S (VP shipping (NP (NP so-called *UNK memories )NP , (SBAR (WHNP which )WHNP (S (VP can (VP remember (NP data )NP (PP for (NP (QP at least 10 )QP years )NP )PP (PP without (NP (NP any current )NP (VP flowing (PP to (NP them )NP )PP )VP )NP )PP )VP )VP )S )SBAR )NP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP The chips )NP (VP use (NP (NP materials )NP , (PP such as (NP lead *UNK *UNK )NP )PP , )NP (S (VP to (VP form (NP (NP *UNK *UNK )NP (SBAR (WHNP that )WHNP (S (VP retain (NP their data )NP (PP without (NP electricity )NP )PP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (VP caution (SBAR that (S (NP broad applications )NP (VP are (ADVP (NP several years )NP away )ADVP (SBAR because (S (NP the technology )NP (VP is n't (ADVP fully )ADVP (VP *UNKED )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP *UNKC )NP (PP of (NP (NP Colorado Springs )NP , (NP Colo. )NP , )NP )PP )NP (VP plans (S (VP to (VP start (S (VP shipping (NP (NP commercial quantities )NP (PP of (NP simple *UNK chips )NP )PP )NP )VP )S (PP in (NP December )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The company )NP (VP expects (S (NP the chips )NP (ADVP eventually )ADVP (VP to (VP be (VP used (PP in (NP (NP devices )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP (NP a whole range )NP (PP of (NP computer memory equipment )NP )PP , (PP including (NP (ADJP *UNK- and *UNK- )ADJP drives )NP )PP )NP )VP )S )SBAR )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP National Semiconductor )NP (VP is (VP getting (NP *UNK technology )NP (PP from (NP (NP *UNKC Corp. )NP (PP in (NP (NP *UNKC )NP , (NP *UNKC )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP National )NP (VP says (SBAR (S (NP it )NP (VP (VP agreed (S (VP to (VP acquire (NP (NP *UNKC 's )NP assets )NP )VP )VP )S )VP and (VP will (VP start (S (VP shipping (NP (NP commercial quantities )NP (PP of (NP (NP its first chips )NP , (PP including (NP a *UNK- memory )NP )PP , )NP )PP )NP )VP )S (NP next year )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Once (S (NP production *UNK )NP (VP are (VP overcome )VP )VP )S )SBAR , (NP the chips )NP (VP could (VP take (PRT over )PRT (NP (NP a significant part )NP (PP of (NP the market )NP )PP )NP )VP )VP . )S  STOP
(S (PP In (NP (NP addition )NP (PP to (S (VP not *UNKING (NP an outside power source )NP )VP )S )PP )NP )PP , (NP they )NP (VP are (ADVP potentially )ADVP (ADJP cheaper (S (VP to (VP make )VP )VP )S )ADJP (SBAR because (S (NP they )NP (VP require (NP (NP fewer manufacturing steps )NP (PP than (NP conventional chips )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC buyers )NP (VP have (VP shown (NP interest )NP (PRN , (S (NP National )NP (VP says )VP )S , )PRN (SBAR because (S (NP *UNK chips )NP (VP *UNK (NP *UNK radiation )NP )VP )S )SBAR )VP )VP . )S  STOP
(S And (SBAR while (S (NP (NP (NP today 's )NP *UNK- chips )NP -- (PP such as (NP (ADJP *UNKLY *UNK )ADJP *UNK *UNKLY memory chips )NP )PP -- )NP (VP ca n't (VP be (VP used (PP in (NP (NP a computer 's )NP central memory )NP )PP (SBAR because (S (NP they )NP (VP `` learn '' (NP data )NP (ADVP slowly )ADVP )VP )S )SBAR )VP )VP )VP )S )SBAR , (NP *UNK chips )NP (VP accept (NP data )NP (PP at (NP very high *UNK )NP )PP )VP . )S  STOP
(S (VP *UNKING (PRT Up )PRT (PP in (NP Court )NP )PP (PP Without (S (VP *UNKING (ADVP There )ADVP )VP )S )PP )VP )S  STOP
(S (NP *UNK (NAC *UNKC , Texas , )NAC company )NP (VP plans (S (VP to (VP make (S (NP (NP it )NP )NP (ADJP easy )ADJP (SBAR for (S (NP you )NP (VP show (PRT up )PRT (PP in (NP court )NP )PP (ADVP (NP a thousand miles )NP away )ADVP (PP without (S (VP leaving (NP town )NP )VP )S )PP )VP )S )SBAR )S )VP )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (ADVP often )ADVP (VP must (VP travel (NP long *UNK )NP (S (VP to (VP give (NP *UNK- *UNK )NP (PP before (NP (NP lawyers )NP and (NP court reporters )NP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP That )NP (VP means (NP huge travel bills )NP )VP . )S  STOP
(S And (NP telephone or *UNK *UNK )NP (ADVP just )ADVP (VP do n't (VP match (NP physical *UNK )NP )VP )VP . )S  STOP
(S (NP That )NP (VP could (VP change , (NP (NP thanks )NP (PP to (NP (NP lower long-distance rates )NP and (NP cheaper electronics )NP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC Corp. )NP , (SBAR (WHNP which )WHNP (S (VP markets (NP *UNKING systems )NP )VP )S )SBAR , )NP (VP is (VP working (PP with (NP court reporters )NP )PP (S (VP to (VP wire (NP (NP a nationwide network )NP (SBAR (S (VP to (VP allow (NP (NP *UNK )NP (PP by (NP live television )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP The company )NP (VP installed (NP (NP a *UNK system )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP Dallas )NP (PP with (NP Miami )NP )PP (PP over (NP *UNK phone lines )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S And (NP it )NP (VP is (VP preparing (S (VP to (VP set (PRT up )PRT (NP shop )NP (PP in (NP (NP (NP Chicago )NP , (NP New York )NP and (NP 10 other cities )NP )NP (SBAR (WHADVP where )WHADVP (S (NP *UNKING agencies )NP (VP can (VP *UNK (NP conference rooms )NP (PP into (NP the network )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (SBAR While (S (NP lawyers )NP (VP arranged (NP individual *UNK- )NP (ADVP before )ADVP )VP )S )SBAR , (NP (NP the formal network )NP (PP of (NP court reporters )NP )PP )NP (VP should (VP make (S (NP things )NP (ADJP easier and cheaper )ADJP )S )VP )VP . )S  STOP
(S (NP An attorney )NP (VP will (VP be (ADJP able (S (VP to (VP use (NP the network )NP (PP for (NP (NP an *UNKLY fee )NP (PP of (NP (NP (QP between $ 200 and $ 400 )QP )NP , (PP (NP depending )NP (PP on (NP (NP the quality )NP (PP of (NP the picture )NP )PP )NP )PP )PP , )NP )PP )NP )PP (S (VP to (VP take (NP *UNK )NP (PP from (NP (NP witnesses )NP (PP in (NP (NP any )NP (PP of (NP the connected cities )NP )PP )NP )PP )NP )PP )VP )VP )S )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (NP Japanese )NP (VP *UNKC (NP *UNKC )NP (PP On (NP *UNKC Protection )NP )PP )VP )S  STOP
(S (NP (NP (NP *UNKC 'S )NP *UNKC )NP (PP of (NP U.S. patents )NP )PP )NP (VP has (VP been (NP (NP a *UNK point )NP (PP for (NP American chip makers )NP )PP )NP )VP )VP . )S  STOP
(S (ADVP Now )ADVP (NP (QP at least one )QP Japanese company )NP (VP is (VP turning (NP the courtroom tables )NP )VP )VP . )S  STOP
(S (PP Until (NP now )NP )PP , (NP most Japanese charges )NP (VP have (VP been (NP (NP responses )NP (PP to (NP (NP suits )NP (PP against (NP them )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S But (NP last year )NP (NP Hitachi Ltd. )NP (VP surprised (NP (NP Japan 's )NP electronics industry )NP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP accused (NP (NP Korea 's )NP *UNKC Electronics Co. )NP (PP of (S (VP using (NP Hitachi technology )NP (S (VP to (VP make (NP dynamic *UNK- memory chips )NP )VP )VP )S )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S -LRB- (NP A settlement )NP (VP (VP was (VP reached )VP )VP but (VP was n't (VP made (S (ADJP public )ADJP )S )VP )VP )VP . -RRB- )S  STOP
(S And (NP Hitachi )NP (VP went (PP on (NP the offensive )NP )PP (PP against (NP (NP the U.S. 's )NP Motorola Inc. )NP )PP (NP earlier this month )NP (PP with (NP (NP a suit )NP (VP charging (SBAR that (S (NP (NP Motorola 's )NP new *UNKC chip )NP (VP *UNK (PP on (NP a Hitachi patent )NP )PP )VP )S )SBAR )VP )NP )PP )VP . )S  STOP
(S (NP Another recent Hitachi suit )NP (VP (VP *UNK (NP Motorola )NP (PP of (S (VP (ADVP reverse )ADVP engineering (NP a Hitachi technology )NP )VP )S )PP )VP -- (NP (NP a *UNK )NP (PP from (NP (NP a nation )NP (PP of (NP champion reverse engineers )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The moves )NP (VP illustrate (NP (NP the (ADJP more aggressive )ADJP attitude )NP (PP toward (NP patent protection )NP )PP (SBAR (WHNP that )WHNP (S (NP patent experts )NP (VP say (SBAR (S (NP Japan )NP (VP is (VP starting (S (VP to (VP take )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Hitachi )NP (VP made (NP the *UNKING charges )NP (PP in (NP (NP an amendment )NP (PP to (NP (NP a *UNK )NP (VP filed (PP in (NP (NP a federal district court )NP (PP in (NP Texas )NP )PP )NP )PP (SBAR after (S (NP Motorola )NP (VP sued (NP Hitachi )NP (PP for (NP patent violation )NP )PP )VP )S )SBAR )VP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Hitachi )NP (VP charges (SBAR (S (NP Motorola )NP `` (VP has (VP engaged (PP in (NP (ADJP fraudulent and *UNK )ADJP conduct )NP )PP (PP in (NP (NP the *UNK )NP (PP of (NP (NP certain Motorola patents )NP '' (VP used (PP in (NP (NP Motorola 's )NP *UNKC microprocessor chip )NP )PP )VP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(FRAG (NP *UNKC )NP : (S (NP Motorola )NP (VP appears (S (VP to (VP have (VP (VP taken (NP (NP a Hitachi technology )NP (SBAR (WHNP that )WHNP (S (VP is (VP *UNKED (PP in (NP the U.S. )NP )PP )VP )VP )S )SBAR )NP )VP (PRN , (S (NP Hitachi )NP (VP says )VP )S , )PRN and `` (VP tried (S (VP to (VP make (S (NP it )NP (VP look (PP like (NP a new technology )NP )PP )VP )S )VP )VP )S . '' )VP )VP )VP )VP )S )VP )S )FRAG  STOP
(S (NP Motorola )NP (VP either (VP (VP denied )VP or (VP would n't (VP comment (PP on )PP )VP )VP (NP the various charges )NP )VP )VP . )S  STOP
(NP *UNKC and *UNKC )NP  STOP
(S (NP (NP *UNKC chips )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP human vision )NP )VP )S )SBAR )NP (VP have (VP been (VP developed (PP by (NP (NP Japan 's )NP *UNKC Corp )NP )PP )VP )VP )VP . )S  STOP
(S (NP They )NP (VP *UNK (NP the brain )NP (PP by (S (VP (VP `` looking '' (PP at (NP an image )NP )PP )VP , (VP *UNKING (NP (NP the fundamentals )NP -- (NP *UNK , *UNK and lines )NP -- )NP )VP and (VP *UNKING (NP them )NP (PP into (NP computer data )NP )PP )VP )VP )S )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP says (SBAR (S (NP (NP the set )NP (PP of (NP chips )NP )PP )NP (VP could (VP improve (NP (NP *UNK machines )NP , (NP graphics computers )NP or (NP (NP *UNK systems )NP (SBAR (WHNP that )WHNP (S (VP recognize (NP *UNK features )NP )VP )S )SBAR )NP )NP )VP )VP )S )SBAR )VP ... . )S  STOP
(S (NP An *UNKC . *UNKC unit )NP (VP has (VP created (NP (NP a computer system )NP (SBAR (WHNP that )WHNP (S (VP processes (NP video images )NP (ADVP (ADVP (NP 3,000 times )NP faster )ADVP (PP than (NP conventional systems )NP )PP )ADVP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (S (VP Using (NP (NP (ADJP reduced *UNK- )ADJP computing (PRN , or (NP RISC )NP , )PRN chips )NP (VP made (PP by (NP (NP *UNKC )NP (PP of (NP (NP *UNKC )NP , (NP *UNKC )NP , )NP )PP )NP )PP )VP )NP )VP )S (NP the system )NP (VP *UNK (NP (NP the image )NP (SBAR (S (NP it )NP (VP `` sees '' )VP )S )SBAR )NP (PP into (NP (NP 20 digital *UNK )NP , (NP (NP each )NP (VP processed (PP by (NP one chip )NP )PP )VP )NP )NP )PP )VP . )S  STOP
(S (NP Tandy Corp. )NP , (S (VP citing (NP (NP sluggish sales )NP (PP of (NP *UNK- goods )NP )PP )NP )VP )S , (VP said (SBAR (S (NP net income )NP (VP dropped (NP 3.3 % )NP (PP for (NP (NP the first quarter )NP (VP ended (NP Sept. 30 )NP )VP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The results )NP , (SBAR (WHNP which )WHNP (S (VP represented (NP (NP the fifth consecutive quarter )NP (PP of (NP *UNK- earnings )NP )PP (PP for (NP the big electronics retailer )NP )PP )NP )VP )S )SBAR , )NP (VP disappointed (NP analysts and traders )NP )VP . )S  STOP
(S (NP (NP Tandy 's )NP stock )NP (VP fell (NP (NP $ *UNKN )NP (NP a share )NP )NP (S (VP to (VP close (PP at (NP $ 44 )NP )PP )VP )VP )S (PP in (NP New York Stock Exchange composite trading )NP )PP )VP . )S  STOP
(S (NP (NP Net )NP (PP for (NP the quarter )NP )PP )NP (VP was (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 73 cents )NP (NP a share )NP )NP , )NP (ADVP down (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 72 cents )NP (NP a share )NP )NP )NP , (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP earnings )NP (VP would (VP have (VP increased (SBAR if (S (NP it )NP (VP had n't (VP been (VP (VP (ADVP actively )ADVP *UNKING (NP its shares )NP )VP , (ADVP thus )ADVP (VP (VP increasing (NP its interest expense )NP )VP and (VP reducing (NP its interest income )NP )VP )VP )VP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Tandy )NP (VP had (NP (NP (QP *UNKN million )QP shares )NP (ADJP outstanding )ADJP )NP (PP at (NP Sept. 30 )NP )PP , (ADVP down (PP from (NP (QP 90 million )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP 5 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP Tandy )NP (VP said (SBAR (S (NP (NP consumer electronics sales )NP (PP at (NP its Radio *UNKC stores )NP )PP )NP (VP have (VP been (ADJP slow )ADJP , (PP partly because of (NP (NP a lack )NP (PP of (NP hot , new products )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP Radio Shack )NP (VP continues (S (VP to (VP be (ADJP lackluster )ADJP )VP )VP )S )VP )S , '' (VP said )VP (NP (NP Dennis *UNKC )NP , (NP (NP analyst )NP (PP with (NP (NP *UNKC , *UNKC & Turner )NP (PP in (NP Dallas )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP He )NP (VP said (SBAR (S (S (NP Tandy )NP `` (VP has (VP done (NP a decent job )NP '' (S (VP increasing (NP sales )NP (PP by (S (VP (VP manufacturing (NP computers )NP (PP for (NP others )NP )PP )VP and (VP expanding (NP (NP sales )NP (PP of (NP (NP its *UNKC Systems Corp. subsidiary )NP , (SBAR (WHNP which )WHNP (S (VP sells (NP computers )NP (PP to (NP bigger businesses )NP )PP )VP )S )SBAR )NP )PP )NP )VP )VP )S )PP )VP )S )VP )VP )S , but `` (S (NP it )NP (VP 's not (ADJP enough (SBAR (S (VP to (VP offset (NP (NP the problems )NP (PP at (NP Radio Shack )NP )PP )NP )VP )VP )S )SBAR )ADJP )VP )S )S )SBAR )VP . '' )S  STOP
(S (S (NP (NP Sales )NP (PP at (NP (NP Radio Shack stores )NP (RRC (ADJP open )ADJP (NP (QP more than a )QP year )NP )RRC )NP )PP )NP (VP grew (NP (QP only 2 )QP % )NP (PP in (NP the quarter )NP )PP (PP from (NP a year earlier )NP )PP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (PP As (NP a result )NP )PP , (NP Mr. *UNKC )NP (VP said (SBAR (S (NP he )NP (VP cut (NP (NP his fiscal 1990 per-share earnings estimate )NP (PP for (NP Tandy )NP )PP )NP (PP to (NP $ *UNKN )NP )PP (PP from (NP $ *UNKN )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Tandy )NP (VP earned (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP (PP in (NP (NP the year )NP (VP ended (NP June 30 )NP )VP )NP )PP )VP . )S  STOP
(S (NP (NP Barry Bryant )NP , (NP (NP an analyst )NP (PP with (NP Drexel Burnham Lambert Inc. )NP )PP )NP , )NP (VP said (SBAR (S (NP Tandy )NP (ADVP also )ADVP (VP has (VP suffered (PP from (NP (NP *UNK sales )NP (PP of (NP (NP its computers )NP (VP aimed (PP at (NP the (ADJP home and *UNK- )ADJP market )NP )PP )VP , (SBAR (WHNP which )WHNP (S (VP are (ADJP (ADJP *UNKED and cheaper )ADJP (PP than (NP (NP computers )NP (VP aimed (PP at (NP the corporate market )NP )PP )VP )NP )PP )ADJP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Tandy )NP (VP (VP has (VP added (NP (NP several new products )NP )NP (PP to (NP that line )NP )PP , (PP including (NP (NP a laptop computer )NP (VP priced (PP around (NP $ 1,000 )NP )PP )VP )NP )PP , )VP )VP and (VP is (VP focusing (NP its advertising )NP (PP on (NP (NP the *UNK- software )NP (SBAR (WHNP that )WHNP (S (VP is (VP packaged (PP with (NP its machines )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP Mr. Bryant )NP and (NP other analysts )NP )NP (VP hope (SBAR (S (NP all those moves )NP (VP will (VP combine (S (VP to (VP help (S (NP (NP Tandy 's )NP results )NP (VP improve (PP in (NP the important Christmas quarter )NP )PP )VP )S )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP They )NP (VP 've (VP been (VP promising (NP (NP (ADJP (QP 13 % to 15 % )QP )ADJP growth )NP (VP based (PP on (NP (NP the strategic moves )NP (SBAR (S (NP they )NP (VP 've (VP made )VP )VP )S )SBAR )NP )PP )VP )NP )VP )VP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S `` (SBAR If (S (NP the earnings *UNK )NP (VP is (S (VP to (VP take (NP place )NP )VP )VP )S )VP )S )SBAR , (NP that )NP (VP should (VP be (NP the quarter )NP )VP )VP . )S  STOP
(S (PP At (NP a private dinner )NP )PP (NP Thursday )NP , (NP Drexel Burnham Lambert Inc. chief executive Frederick Joseph )NP (VP delivered (NP (NP a *UNKING message )NP (PP about (NP the junk bond market )NP )PP )NP (PP to (NP (NP officials )NP (PP of (NP (NP Prudential Insurance Co. )NP (PP of (NP America )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Mr. Joseph )NP (VP conceded (SBAR (S (NP the junk market )NP (VP was (PP in (NP disarray )NP )PP , (PP according (PP to (NP (NP people )NP (ADJP familiar (PP with (NP the discussion )NP )PP )ADJP )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP (NP Drexel )NP -- (NP (NP the leading underwriter )NP (PP of (NP high-risk junk bonds )NP )PP )NP -- )NP (VP could (ADVP no longer )ADVP (VP afford (S (VP to (VP sell (NP any junk offerings )NP (SBAR if (S (NP they )NP (VP might (ADVP later )ADVP (VP become (ADJP troubled )ADJP )VP )VP )S )SBAR )VP )VP )S (SBAR because (S (NP Drexel )NP (VP *UNKED (S (VP losing (NP its (ADJP highly lucrative )ADJP junk franchise )NP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The dinner )NP (VP was (NP a *UNK confirmation (SBAR that (S (NP 1989 )NP (VP is (NP (NP the worst year ever )NP (PP for (NP the (ADJP (QP $ 200 billion )QP )ADJP junk market )NP )PP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S And (NP (NP investors and traders )NP (ADVP alike )ADVP )NP (VP say (SBAR (S (NP the current turmoil )NP (VP could (VP take (NP years )NP (S (VP to (VP resolve )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP *UNKC (NP the market *UNK )NP )PP , (NP (NP even Drexel )NP , (SBAR (WHNP which )WHNP (S (VP has (NP (NP the (ADJP (ADJP *UNK )ADJP and (ADJP most loyal )ADJP )ADJP following )NP (PP of (NP junk bond investors )NP )PP )NP )VP )S )SBAR , )NP (VP is (VP pulling (ADVP in )ADVP (NP its *UNK )NP )VP )VP . )S  STOP
(S (SBAR Although (S (NP the big investment bank )NP (ADVP still )ADVP (VP *UNK (NP the junk market )NP )VP )S )SBAR , (NP Drexel )NP (VP has (VP been (ADJP unable (S (VP to (VP stem (NP (NP the *UNK )NP (PP from (NP (NP growing junk bond defaults )NP , (NP withdrawn new offerings )NP , (NP (NP *UNK )NP (PP by (NP (NP shareholders )NP (PP in (NP junk bond mutual funds )NP )PP )NP )PP )NP and (NP (NP an *UNK )NP (PP of (NP *UNKED investors )NP )PP )NP )NP )PP )NP )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (PP For (NP many money managers )NP )PP , (NP the past four months )NP (VP have (VP been (ADJP *UNKING )ADJP )VP )VP . )S  STOP
(SINV `` (S (S (NP This )NP (VP is (NP (NP the worst *UNK )NP (ADVP ever )ADVP (PP in (NP the junk market )NP )PP )NP )VP )S , and (S (NP it )NP (VP could (VP take (NP years )NP (SBAR before (S (NP it )NP (VP 's (ADVP over )ADVP )VP )S )SBAR )VP )VP )S )S , '' (VP says )VP (NP (NP Mark *UNKC )NP , (NP (NP a senior vice president )NP (PP at (NP (NP (NP Standard & Poor 's )NP Corp. )NP , (NP a credit rating company )NP )NP )PP )NP )NP . )SINV  STOP
(S (PP In (NP the third quarter )NP )PP , (PP for (NP example )NP )PP , (NP (NP junk bonds )NP -- (NP (NP those )NP (PP with (NP (NP less )NP (PP than (NP an investment-grade rating )NP )PP )NP )PP )NP -- )NP (VP showed (NP negative returns )NP , (NP (NP the only major sector )NP (PP of (NP the bond market )NP )PP (SBAR (S (VP to (VP do (ADVP so )ADVP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP Since (NP (NP the end )NP (PP of (NP last year )NP )PP )NP )PP , (NP junk bonds )NP (VP have (VP been (VP *UNKED (PP by (NP (NP all categories )NP (PP of (NP investment-grade bonds )NP )PP , (PP including (NP *UNK- Treasury securities )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP The junk market )NP , (SBAR (WHNP which )WHNP (S (VP *UNKED (PP to (NP (QP $ 200 billion )QP )NP )PP (PP from (NP (QP less than $ 2 billion )QP )NP )PP (PP at (NP (NP the start )NP (PP of (NP the decade )NP )PP )NP )PP )VP )S )SBAR , )NP (VP has (VP been (VP declining (PP for (NP months )NP )PP (SBAR as (S (NP issuers )NP (VP have (VP *UNKED (PP under (NP (NP the weight )NP (PP of (NP hefty interest payments )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP The *UNK market )NP (VP received (NP its biggest jolt last month )NP (PP from (NP (NP Campeau Corp. )NP , (SBAR (WHNP which )WHNP (S (VP created (NP its U.S. retailing empire )NP (PP with (NP (NP (QP more than $ 3 billion )QP )NP (PP in (NP junk financing )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Campeau )NP (VP developed (NP (NP a cash squeeze )NP (SBAR (WHNP that )WHNP (S (VP caused (S (NP it )NP (VP (VP to (VP be (ADJP *UNK (PP on (NP some interest payments )NP )PP )ADJP )VP )VP and (VP to (VP put (NP its *UNK (NP Bloomingdale 's )NP department store chain )NP (PRT up )PRT (PP for (NP sale )NP )PP )VP )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (PP At (NP that point )NP )PP , (NP the junk market )NP (VP went (PP into (NP a *UNK )NP )PP (SBAR as (S (S (NP buyers )NP (VP *UNKED )VP )S and (S (NP investors )NP (VP tried (S (VP to (VP sell )VP )VP )S )VP )S )S )SBAR )VP . )S  STOP
(S (PP In (NP an interview )NP )PP , (NP Mr. Joseph )NP (VP says (SBAR (S (NP (NP his dinner discussion )NP (PP with (NP the Prudential executives )NP )PP )NP (VP acknowledged (NP (NP problems )NP (PP for (NP junk )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S `` (S (SBAR (WHNP What )WHNP (S (NP I )NP (VP thought (SBAR (S (NP I )NP (VP was (VP saying )VP )VP )S )SBAR )VP )S )SBAR (VP is (SBAR that (S (NP the market )NP (VP (VP is (ADJP (ADJP troubled )ADJP but (ADJP still viable )ADJP and (PRN , (ADVP *UNKLY enough )ADVP , )PRN (ADVP quite *UNK- )ADVP )ADJP )VP , (SBAR (WHNP which )WHNP (S (VP is not (ADJP (ADVP at all )ADVP bad )ADJP )VP )S )SBAR )VP )S )SBAR )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (S (NP Nobody )NP (VP 's (VP been (ADJP perfect )ADJP (PP in (NP their credit *UNK )NP )PP (NP the past couple years )NP )VP )VP )S , and (S (NP we )NP (VP 're (VP going (S (VP to (VP make (ADJP sure (SBAR (S (NP our default rates )NP (VP are (VP going (S (VP to (VP be (PP in (NP (NP the acceptable *UNK )NP (PP of (NP the market )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )ADJP )VP )VP )S )VP )VP )S . '' )S  STOP
(S (SBAR (WHNP What )WHNP (S (VP has (VP *UNKED (NP many junk buyers )NP )VP )VP )S )SBAR (VP is (NP the sudden *UNK (SBAR that (S (NP junk bonds )NP (VP can not (ADVP necessarily )ADVP (VP be (VP bought and sold (PP with (NP (NP the ease )NP (PP of (NP (NP common stocks )NP and (NP many investment-grade bonds )NP )NP )PP )NP )PP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP Unlike (NP (NP the New York Stock Exchange )NP , (SBAR (WHADVP where )WHADVP (S (NP buyers and sellers )NP (VP are (ADVP quickly )ADVP (VP matched )VP )VP )S )SBAR , )NP )PP (NP (NP the junk market )NP , (SBAR (WHADVP where )WHADVP (S (NP risky corporate loans )NP (VP are (VP traded )VP )VP )S )SBAR , )NP (VP is (ADVP sometimes )ADVP (VP closed (PP for (NP repairs )NP )PP )VP )VP . )S  STOP
(S (PP At (NP (ADJP closely held )ADJP *UNKC Securities Corp. )NP )PP , (NP junk bond money managers (NX (NX *UNKC K. *UNKC )NX and (NX *UNKC H. *UNKC )NX )NX )NP (VP say (SBAR (S (NP (NP the problems )NP (PP of (NP the junk market )NP )PP )NP (VP go (ADVP (ADVP deeper )ADVP (PP than (NP a temporary *UNK )NP )PP )ADVP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP recent months )NP )PP (PRN , (S (NP they )NP (VP say )VP )S , )PRN (NP there )NP (VP has (VP been (NP (NP heavy selling )NP (PP of (NP junk bonds )NP )PP (PP by (NP (NP some )NP (PP of (NP (NP the market 's )NP traditional investors )NP )PP )NP )PP )NP , (SBAR while (S (NP new buyers )NP (VP have n't (VP *UNKED (S (VP to (VP replace (NP them )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP (NP Wall Street securities firms )NP , `` (NP (NP the primary source )NP (PP of (NP liquidity )NP )PP (PP for (NP the high yield market )NP )PP )NP , '' )NP (VP have (VP been (NP (NP net sellers )NP (PP of (NP junk bonds )NP )PP )NP (PP because of (NP trading losses )NP )PP )VP )VP )S , (NP *UNKC )NP (VP said (PP in (NP (NP a recent , grim report )NP (PP to (NP customers )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP Mutual funds )NP (VP have (ADVP also )ADVP (VP been (NP (NP net sellers )NP (PP of (NP junk bonds )NP )PP )NP (SBAR as (S (NP (NP junk 's )NP (NX (NX (ADJP relatively poor )ADJP performance )NX and (NX negative press coverage )NX )NX )NP (VP have (VP produced (NP (NP `` *UNK- '' redemptions )NP (PP by (NP shareholders )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S , (NP *UNKC )NP (VP said )VP . )S  STOP
(S (S (NP Investors )NP , (S (VP trying (S (VP to (VP raise (NP cash )NP )VP )VP )S )VP )S , (VP have (VP sold (NP `` (NP large liquid issues )NP '' (PP such as (NP (NP RJR Holdings Corp. )NP and (NP *UNKC Co. )NP )NP )PP )NP )VP )VP )S ; (S (NP (NP declines )NP (PP in (NP these benchmark issues )NP )PP )NP (VP have (VP contributed (PP to (NP (NP the market 's )NP *UNK )NP )PP )VP )VP )S . )S  STOP
(S And (PRN , (S (NP *UNKC )NP (VP said )VP )S , )PRN (NP buying )NP (VP has (VP been (ADVP severely )ADVP (VP reduced (SBAR because (S (NP savings and loans )NP (VP have (VP been (VP restricted (PP in (NP their junk purchases )NP )PP (PP by (NP (ADJP recently passed )ADJP congressional legislation )NP )PP )VP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S `` (S (PP In (NP fact )NP )PP , (NP savings and loans )NP (VP were (NP (NP sellers )NP (PP of (NP high yield holdings )NP )PP )NP (PP throughout (NP the quarter )NP )PP )VP )S , '' (NP *UNKC )NP (VP said )VP . )S  STOP
(S (NP (NP Ms. *UNKC )NP and (NP Ms. *UNKC )NP )NP (VP say (SBAR (S (NP they )NP (VP are (VP managing (NP their junk portfolios )NP (ADVP *UNKLY )ADVP , (S (VP (VP building (NP cash )NP )VP and (VP (ADVP *UNKLY )ADVP *UNKING (NP the overall quality )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP Prudential )NP , (NP (NP (NP the nation 's )NP largest insurer )NP and (NP (NP the biggest investor )NP (PP in (NP junk bonds )NP )PP )NP )NP , )NP (VP has (VP seen (S (NP (NP the value )NP (PP of (NP its junk bond portfolio )NP )PP )NP (VP drop (PP to (NP (QP $ 6.5 billion )QP )NP )PP (PP from (NP (QP $ 7 billion )QP )NP )PP (PP since (NP August )NP )PP (PP because of (NP falling junk prices )NP )PP )VP )S )VP )VP . )S  STOP
(SINV `` (S (S (NP We )NP (ADVP certainly )ADVP (VP do (VP have (NP (NP a lack )NP (PP of (NP liquidity )NP )PP )NP (ADVP here )ADVP )VP )VP )S , and (S (NP it )NP (VP 's (NP (NP something )NP (SBAR (S (VP to (VP be (ADJP concerned (PP about )PP )ADJP )VP )VP )S )SBAR )NP )VP )S )S , '' (VP says )VP (NP (NP James A. *UNKC )NP , (NP a managing director )NP )NP . )SINV  STOP
(S `` (S (NP I )NP (VP have (NP (NP no reason )NP (SBAR (S (VP to (VP think (SBAR (S (NP things )NP (VP will (VP get (ADJP worse )ADJP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )S , but (S (NP this market )NP (VP has (NP (NP a *UNK )NP (PP for (S (VP surprising (NP us )NP )VP )S )PP )NP )VP )S . )S  STOP
(S (NP This market )NP (VP *UNK (NP us )NP (S (VP to (VP be (ADJP *UNK )ADJP )VP )VP )S )VP . '' )S  STOP
(S (S (NP (NP The junk market 's )NP `` yield *UNK )NP (VP are (VP learning (NP a real painful lesson )NP )VP )VP , '' )S (NP he )NP (VP says )VP . )S  STOP
(SINV (S (SBAR Although (S (NP (NP the majority )NP (PP of (NP (NP junk bonds )NP (ADJP outstanding )ADJP )NP )PP )NP (VP show (NP (NP no signs )NP (PP of (NP default )NP )PP )NP )VP )S )SBAR , (NP the market )NP (VP has (VP downgraded (NP many junk issues )NP (SBAR as if (S (NP they )NP (VP were (PP in (NP trouble )NP )PP )VP )S )SBAR )VP )VP )S , (VP says )VP (NP (NP Stuart *UNKC )NP , (NP (NP manager )NP (PP of (NP (NP Aetna Life & Casualty Insurance Co. 's )NP (ADJP (QP $ 17 billion )QP )ADJP investment-grade public bond portfolio )NP )PP )NP )NP . )SINV  STOP
(S `` But (NP we )NP (VP think (SBAR (S (NP (NP the risks )NP )NP (VP are (ADVP there )ADVP (PP for (S (NP things )NP (VP getting (NP a lot worse )NP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (S And (NP the risks )NP (VP are n't (ADJP appropriate (PP for (NP us )NP )PP )ADJP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP The big insurer )NP , (PP unlike (NP Prudential )NP )PP , (VP owns (NP (NP (QP only about $ 150 million )QP )NP (PP of (NP (ADJP publicly sold )ADJP junk bonds )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP The string )NP (PP of (NP (NP big junk bond defaults )NP , (SBAR (WHNP which )WHNP (S (VP have (VP been (NP (NP a major cause )NP (PP of (NP (NP the market 's )NP problems )NP )PP )NP (NP this year )NP )VP )VP )S )SBAR , )NP )PP )NP (ADVP probably )ADVP (VP will (VP *UNK )VP )VP )S , (NP some analysts )NP (VP say )VP . )S  STOP
(SINV `` (S (FRAG If (NP anything )NP )FRAG , (NP we )NP (VP 're (VP going (S (VP to (VP see (S (NP defaults )NP (VP increase )VP )S (SBAR because (S (NP credit ratings )NP (VP have (VP declined )VP )VP )S )SBAR )VP )VP )S )VP )VP )S , '' (VP says )VP (NP (NP Paul *UNKC )NP , (NP (NP associate professor )NP (PP at (NP (NP (NP (NP the Massachusetts Institute )NP (PP of (NP Technology )NP )PP 's )NP *UNKC School )NP (PP of (NP Management )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP Mr. *UNKC )NP , (SBAR (WHNP (WHNP whose study )WHNP (PP on (NP junk bond defaults )NP )PP )WHNP (S (VP caused (NP a furor )NP (PP on (NP Wall Street )NP )PP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP was (VP disclosed (NP last April )NP )VP )VP )S )SBAR )VP )S )SBAR , )NP (VP says (SBAR (S (NP (NP this year 's )NP junk bond defaults )NP (ADVP already )ADVP (VP show (NP (NP a high *UNK )NP (PP with (NP his own findings )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP His study )NP (VP showed (SBAR that (S (NP junk bonds )NP (PP over (NP time )NP )PP (VP had (NP (NP a cumulative default rate )NP (PP of (NP 34 % )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP One indication )NP (PP of (NP (NP a growing number )NP (PP of (NP junk defaults )NP )PP )NP )PP )NP (PRN , (S (NP Mr. *UNKC )NP (VP says )VP )S , )PRN (VP is (SBAR that (S (NP (NP (QP about half of the $ 3 billion )QP )NP (PP of (NP (NP (NP corporate bonds )NP (ADJP outstanding )ADJP )NP (SBAR (WHNP that )WHNP (S (VP have (VP been (VP lowered (PP to (NP a default rating )NP )PP (PP by (NP S&P )NP )PP (NP this year )NP )VP )VP )VP )S )SBAR )NP )PP )NP (VP are (NP (NP junk bonds )NP (VP sold (PP during (NP (NP (NP the market 's )NP big issue years )NP (PP of (NP (NP 1984 )NP (PP through (NP 1986 )NP )PP )NP )PP )NP )PP )VP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP These bonds )NP , (VP (ADVP now )ADVP rated (S (ADJP *UNK- )ADJP )S )VP , )NP (VP include (NP (NP junk offerings )NP (PP by (NP (NP *UNK Industries )NP , (NP (NP Columbia Savings )NP (PRN -LRB- (NP Colorado )NP -RRB- )PRN )NP , (NP First Texas Savings Association )NP , (NP *UNKC Financial Corp. )NP , (NP Integrated Resources Inc. )NP , (NP Metropolitan Broadcasting Corp. )NP , (NP *UNKC International Inc. )NP , (NP *UNKC Corp. )NP and (NP *UNKC Inc )NP )NP )PP )NP )VP . )S  STOP
(SINV `` (S (ADVP Obviously )ADVP , (NP we )NP (VP got (NP (NP (ADJP (NP a lot )NP more )ADJP smoke )NP (PP than (NP fire )NP )PP )NP (PP from (NP (NP the people )NP (SBAR (WHNP who )WHNP (S (VP told (NP us )NP (SBAR (S (NP the market )NP (VP was n't (ADJP so risky )ADJP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP professor )NP (PP of (NP finance )NP )PP (PP at (NP (NP (NP (NP University )NP (PP of (NP California )NP )PP 's )NP Anderson *UNKC School )NP (PP of (NP Management )NP )PP (PP in (NP Los Angeles )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP Mr. *UNKC )NP (VP has (ADVP just )ADVP (VP completed (NP (NP a study )NP (SBAR (WHNP that )WHNP (S (VP finds (SBAR that (S (NP (NP the risks and returns )NP (PP of (NP junk bonds )NP )PP )NP (VP are (ADJP (ADJP (ADJP less )ADJP (PP than (PP on (NP common stocks )NP )PP )PP )ADJP but (ADJP (ADJP more )ADJP (PP than (PP on (NP investment-grade bonds )NP )PP )PP )ADJP )ADJP )VP )S )SBAR )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP says : `` (S (S (NP The junk market )NP (VP is (NP no *UNK )NP (SBAR as (S (NP Drexel )NP (VP claimed )VP )S )SBAR )VP )S , but (S (NP it )NP (ADVP also )ADVP (VP is n't (NP a disaster )NP (SBAR as (S (NP the *UNK )NP (VP say )VP )S )SBAR )VP )S )S )VP . '' )S  STOP
(S (PP Despite (NP (NP the junk market 's )NP problems )NP )PP , (NP Drexel )NP (VP continues (S (VP to (VP enjoy (NP (NP a loyalty )NP (PP among (NP junk bond investors )NP )PP (SBAR (WHNP that )WHNP (S (NP its Wall Street rivals )NP (VP have n't (VP found )VP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (PP During (NP the past three weeks )NP )PP , (PP for (NP example )NP )PP , (NP Drexel )NP (VP has (VP sold (NP (NP (QP $ 1.3 billion )QP )NP (PP of (NP (NP new junk bonds )NP (PP for (NP (NP Turner Broadcasting Co. )NP , (NP Uniroyal Chemical )NP , (NP Continental Air )NP and (NP *UNKC & *UNKC )NP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (ADVP Still )ADVP , (NP (NP the list )NP (PP of (NP troubled Drexel bond offerings )NP )PP )NP (VP *UNK (NP (NP that )NP (PP of (NP (NP any firm )NP (PP on (NP Wall Street )NP )PP )NP )PP )NP , (SBAR as (SINV (VP does )VP (NP its successful offerings )NP )SINV )SBAR )VP . )S  STOP
(S (NP *UNKED *UNKC issues )NP (VP include (NP (NP *UNKC International )NP , (NP *UNKC )NP , (NP Integrated Resources )NP , (NP SCI TV )NP , (NP Gillette Holdings )NP , (NP Western Electric )NP and (NP *UNKC )NP )NP )VP . )S  STOP
(SINV `` (S (NP *UNKC junk bonds )NP (VP will (VP continue (S (VP to (VP trade (ADVP well )ADVP )VP )VP )S )VP )VP )S , '' (VP says )VP (NP (NP Michael *UNKC )NP , (NP (NP chairman )NP (PP of (NP Salomon Brothers Asset Management Inc )NP )PP )NP )NP . )SINV  STOP
(S `` But (NP (NP the deals )NP (SBAR (WHNP that )WHNP (S (ADVP never )ADVP (VP should (VP have (VP been (VP brought )VP )VP )VP )VP )S )SBAR )NP (VP have (ADVP now )ADVP (VP become (NP nuclear waste )NP )VP )VP . )S  STOP
(S (SBAR As (S (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP owns (NP an art *UNK company )NP )VP )S )SBAR , )NP (VP *UNKED (NP her *UNK *UNK )NP )VP )S )SBAR , (NP she )NP (VP *UNKED (PRT off )PRT (NP (NP the names )NP (PP of (NP a few *UNK )NP )PP -- (NP (NP Prince Charles )NP , (NP *UNKC *UNKC )NP , (NP *UNKC *UNKC )NP , (NP John *UNKC )NP , (NP Milton Petrie )NP )NP )NP )VP . )S  STOP
(S (ADVP Then )ADVP , (S (VP *UNKING (NP (NP a diamond ring )NP (ADJP (ADJP as big )ADJP (PP as (NP the *UNKC )NP )PP )ADJP (PRN -LRB- (FRAG `` (NP my day diamond )NP , (NP *UNKING )NP '' )FRAG -RRB- )PRN )NP )VP )S , (NP she )NP (VP told (NP her two *UNK )NP (SBAR that (S (NP she )NP (VP is (PP on (NP (NP the `` board '' )NP (PP of (NP (NP the Vatican Museum )NP (PP in (NP Rome )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (SBAR As (S (NP it )NP (VP turns (PRT out )PRT )VP )S )SBAR , (NP the board )NP (VP has (NP (NP a lot )NP (PP of (NP (NP important members )NP , (PP including (NP (NP (NP *UNKC *UNKC )NP -LRB- (NP (NP former *UNK general )NP (PP of (NP the U.S. )NP )PP )NP -RRB- )NP , (NP (NP Mrs. Henry *UNKC )NP -LRB- (NP (NP *UNK )NP (PP of (NP (NP the *UNK )NP (PP of (NP *UNK- *UNK )NP )PP )NP )PP )NP -RRB- )NP and (NP (NP Vincent Murphy )NP -LRB- (NP (NP an investment banker )NP (PP at (NP Merrill Lynch & Co )NP )PP )NP )NP )NP )PP )NP )PP )NP )VP . -RRB- )S  STOP
(S But (NP Mrs. *UNKC )NP (VP did n't (VP mention (NP (NP any )NP (PP of (NP them )NP )PP )NP )VP )VP . )S  STOP
(SINV `` (S (NP *UNKC *UNKC )NP (VP has (NP (NP a way )NP (PP with (NP names )NP )PP )NP )VP )S , '' (VP says )VP (NP (NP James *UNKC )NP , (NP (NP (NP a *UNK columnist )NP (PP for (NP *UNKC )NP )PP )NP -LRB- and (NP (NP son )NP (PP of (NP (NP Joseph *UNKC )NP , (NP (NP a founder )NP (PP of (NP *UNKC )NP )PP )NP )NP )PP )NP -RRB- )NP )NP . )SINV  STOP
(FRAG Like (SBAR (SBAR (WHNP which )WHNP (S (VP are (ADJP *UNK )ADJP )VP )S )SBAR and (SBAR (WHNP which )WHNP (S (VP are not )VP )S )SBAR )SBAR . )FRAG  STOP
(S (PP With (NP (NP the fall social season )NP (PP (ADVP well )ADVP under (NP way )NP )PP )NP )PP , (NP *UNK- )NP (VP are (ADVP out )ADVP (PP in (NP force )NP )PP , (S (VP trying (S (VP to (VP (VP *UNK (NP their *UNK )NP )VP and (VP (ADVP sometimes )ADVP put (PRT down )PRT (NP their *UNK )NP )VP )VP )VP )S )VP )S )VP . )S  STOP
(S (S But (NP the truth )NP (VP is (SBAR that (S (NP (NP almost everyone )NP , (PP (PP from (NP real-estate agents )NP )PP (PP to (NP city *UNK )NP )PP )PP , )NP (VP *UNK- )VP )S )SBAR )VP )S ; and (S (NP (NP a surprising number )NP (PP of (NP people )NP )PP )NP (VP have (NP (NP an *UNK *UNK )NP (SBAR (WHNP who )WHNP (S (VP claims (SBAR (S (NP he )NP (VP lived (ADVP next door (PP to (NP (NP the *UNK )NP (SBAR (WHNP who )WHNP (S (VP did (NP the *UNKC *UNKC )NP )VP )S )SBAR )NP )PP )ADVP )VP )S )SBAR )VP )S )SBAR )NP )VP )S . )S  STOP
(S -LRB- (SBAR In case (S (NP you )NP (VP have (VP *UNK )VP )VP )S )SBAR , (NP his name )NP (VP was (NP *UNKC *UNKC )NP )VP . -RRB- )S  STOP
(SINV `` (S (NP *UNKING )NP (VP is (UCP (ADJP *UNK )ADJP and (VP getting (ADVP more so )ADVP (SBAR as (S (NP society )NP (VP becomes (ADJP more complex and *UNKING )ADJP )VP )S )SBAR )VP )UCP )VP )S , '' (VP says )VP (NP (NP Herbert *UNKC )NP , (NP (NP a New York *UNK )NP , (PP with (NP a *UNKED *UNK )NP )PP )NP )NP . )SINV  STOP
(S `` (NP It )NP (VP can (VP be (NP (NP an *UNK )NP (PP of (NP (NP *UNK )NP (PP to (NP (NP a certain sector )NP (PP of (NP society )NP )PP )NP )PP )NP )PP )NP )VP )VP ... . )S  STOP
(S (NP It )NP (VP (VP provides (NP some people )NP (NP (NP a needed sense )NP (PP of (NP *UNK )NP )PP )NP )VP and (VP can (VP help (VP open (PRT up )PRT (NP (NP a conversation )NP (PP with (NP (NP someone )NP (SBAR (S (NP you )NP (VP do n't (VP know )VP )VP )S )SBAR )NP )PP )NP )VP )VP )VP )VP . '' )S  STOP
(PP Like (NP (NP the Long Island *UNK )NP (PP in (NP the theater district )NP )PP (NP the other day )NP (SBAR (WHNP who )WHNP (S (VP *UNK (PP to (NP a *UNK )NP )PP (SBAR that (S (NP she )NP (ADVP once )ADVP (VP met (NP *UNKC *UNKC )NP )VP )S )SBAR )VP )S )SBAR )NP . )PP  STOP
(S `` (NP I )NP (VP was (VP having (NP a drink )NP (PP in (NP *UNKC 's )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP (NP all )NP (PP of (NP a sudden )NP )PP )NP (S (NP I )NP (VP saw (S (NP (NP a woman 's )NP *UNK )NP (VP coming (PP up (NP (NP the steps )NP (PP on (NP the second floor )NP )PP )NP )PP )VP )S )VP )S and (S (NP she )NP (VP was (VP wearing (NP *UNKED *UNK )NP )VP )VP )S )S )SBAR )VP )VP . )S  STOP
(S (S (NP I )NP (VP knew (SBAR (S (NP it )NP (VP was (NP someone important )NP )VP )S )SBAR )VP )S , so (S (NP I )NP (VP followed (NP her )NP (PP into (NP the *UNK room )NP )PP )VP )S and (S (ADVP sure enough )ADVP , (NP it )NP (VP was (NP *UNKC )NP )VP )S . )S  STOP
(S So (NP I )NP (VP said , ` (INTJ *UNKC )INTJ )VP . ' )S  STOP
(S And (NP she )NP (VP said , ` (INTJ *UNKC )INTJ )VP . ' )S  STOP
(SQ Can (NP you )NP (VP imagine )VP ? )SQ  STOP
(S (NP *UNKC )NP (VP said (INTJ *UNK )INTJ (PP to (NP me )NP )PP )VP . '' )S  STOP
(S (S (NP Some people )NP (VP must (VP drop (NP names )NP )VP )VP )S -- (S (VP call (S (NP it )NP (NP an *UNK *UNK )NP )S )VP )S . )S  STOP
(SINV `` (S (NP They )NP (VP ca n't (VP help (S (VP talking (PP about (NP (NP the big important people )NP (SBAR (S (NP they )NP (VP know )VP )S )SBAR )NP )PP , (SBAR even if (S (NP they )NP (VP do n't (ADVP really )ADVP (VP know (NP them )NP )VP )VP )S )SBAR )VP )S )VP )VP )S , '' (VP says )VP (NP Dr. *UNKC )NP . )SINV  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP a New York writer )NP (SBAR (WHNP who )WHNP (S (VP changed (NP his name )NP (PP from (NP William *UNKC )NP )PP (PP in (NP 1980 )NP )PP )VP )S )SBAR )NP , )NP (VP is (NP an *UNK *UNK- )NP )VP . )S  STOP
(S `` (S (S (NP I )NP (VP do (NP it )NP (ADVP *UNKLY and *UNKLY )ADVP )VP )S , and (S (SBAR while (S (NP it )NP (VP may (ADVP occasionally )ADVP (VP get (NP me )NP (PP into (NP trouble )NP )PP )VP )VP )S )SBAR , (NP it )NP (VP 's (ADVP also )ADVP (VP gotten (NP me )NP (NP (NP access )NP (PP to (NP parties and society )NP )PP )NP )VP )VP )S )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP *UNKING )NP (ADVP recently )ADVP (VP helped (S (NP Mr. *UNKC )NP (VP crash (NP (NP a party )NP (SBAR (S (NP *UNKC magazine )NP (VP threw (PP for (NP (NP 100 )NP (PP of (NP (NP the *UNKN people )NP (VP mentioned (PP in (NP (NP the *UNK )NP (PP of (NP the late *UNKC *UNKC )NP )PP )NP )PP )VP )NP )PP )NP )PP )VP )S )SBAR )NP )VP )S )VP . )S  STOP
(SINV `` (S (S (NP I )NP (VP guess (SBAR (S (NP I )NP (VP might (VP have (VP asked (NP *UNKC )NP (S (VP to (VP leave )VP )VP )S )VP )VP )VP )S )SBAR )VP )S , but (S (NP he )NP (VP drops (NP (NP (ADJP so many )ADJP good names )NP , (SBAR (S (NP we )NP (VP decided (S (VP to (VP let (S (NP him )NP (VP stay )VP )S )VP )VP )S )VP )S )SBAR )NP )VP )S )S , '' (VP says )VP (NP (NP Steven Greenberg )NP , (NP (NP publisher )NP (PP of (NP *UNKC )NP )PP )NP )NP . )SINV  STOP
(S `` (PP After (NP all )NP )PP , (NP *UNKC )NP (VP was (NP the ultimate *UNK )NP , (S (VP dropping (NP (NP five )NP (NP a day )NP )NP (PP in (NP his *UNK )NP )PP )VP )S )VP . )S  STOP
(S And (NP *UNKC )NP (VP was (VP mentioned (ADVP twice )ADVP (PRN -- (PP although (UCP (ADVP very briefly )ADVP and (PP in (NP passing )NP )PP )UCP )PP )PRN )VP )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP says (SBAR that (S (PP at (NP the party )NP )PP (NP he )NP (VP *UNKED (PP to (NP (NP (NP Malcolm *UNKC )NP , (NP (NP publisher )NP (PP of (NP *UNKC magazine )NP )PP )NP (PRN -LRB- (S `` (NP *UNKC )NP (VP been (PP in (NP the columns )NP )PP (ADVP together )ADVP )VP '' )S -RRB- )PRN )NP , (NP (NP Mary *UNKC )NP , (NP a New York art dealer )NP (PRN -LRB- `` (S (S (NP I )NP (VP think (SBAR (S (NP she )NP (VP knows (NP me )NP )VP )S )SBAR )VP )S , but (S (NP I )NP (VP 'm not (ADJP sure )ADJP )VP )S )S '' -RRB- )PRN )NP and (NP (NP *UNKC *UNKC )NP , (NP the *UNK )NP (PRN -LRB- `` (S (S (NP She )NP (VP knows (NP me )NP )VP )S , but (S (NP we )NP (VP 're not (ADVP really )ADVP (NP (NP the best )NP (PP of (NP friends )NP )PP )NP )VP )S )S '' -RRB- )PRN )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (NP the *UNK columnist )NP , )NP (VP says (SBAR (S (NP there )NP (VP are (NP (NP people )NP (SBAR (WHNP who )WHNP (S (ADVP actually )ADVP (VP plan (SBAR (WHNP whose names )WHNP (S (NP they )NP (VP are (VP going (S (VP to (VP drop )VP )VP )S )VP )VP )S )SBAR (PP before (S (VP attending (NP a party )NP )VP )S )PP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP These *UNK )NP (VP do n't (VP *UNK (ADVP only )ADVP (NP (NP their *UNK )NP (PP with (NP (NP the *UNKC )NP , (NP *UNKC *UNKC )NP or (NP *UNKC *UNKC )NP )NP )PP )NP )VP )VP . )S  STOP
(SINV `` (S (NP They )NP (ADVP even )ADVP (VP drop (NP (NP *UNK- names )NP (PP like (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP whom )WHNP (S (S (NP everybody )NP (NP these days )NP (ADVP apparently )ADVP (VP has (VP heard (PP of )PP )VP )VP )S but (S (NP no one )NP (ADVP really )ADVP (VP knows )VP )S )S )SBAR )NP )PP )NP )VP )S , '' (VP says )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S `` (NP It )NP (VP 's (NP (NP the *UNK- )NP (PP of (NP *UNKING )NP )PP )NP (SBAR (WHNP that )WHNP (S (VP counts )VP )S )SBAR )VP . '' )S  STOP
(S But (NP *UNKING )NP (VP has (NP (NP other benefits )NP , (RRC (ADVP often )ADVP (ADJP *UNK )ADJP )RRC )NP )VP . )S  STOP
(S (PP (PP In (NP (NP the name )NP (PP of (NP *UNK pride )NP )PP )NP )PP and (PP from (NP the desire (S (VP to (VP *UNK (NP a negative image )NP )VP )VP )S )NP )PP )PP , (NP some city *UNK )NP (VP seek (S (VP to (VP link (NP their *UNK )NP (PP with (NP (NP the (ADJP most *UNK )ADJP names )NP (SBAR (S (NP the city )NP (VP has (S (VP to (VP offer )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S (VP Take (NP Cleveland )NP )VP . )S  STOP
(S (NP It )NP (VP has (VP gotten (NP a bad *UNK )NP (SBAR (SBAR because (S (NP its (ADJP once heavily *UNKED )ADJP *UNKC River )NP (VP caught (NP fire )NP )VP )S )SBAR , (SBAR because (S (NP former Mayor Ralph *UNKC )NP (VP set (NP his hair )NP (PP on (NP fire )NP )PP (PP with (NP an *UNK *UNK )NP )PP )VP )S )SBAR and (SBAR because (S (NP (NP its proposed Rock *UNK *UNKC Hall )NP (PP of (NP *UNKC )NP )PP )NP (VP was (ADVP recently )ADVP (VP refused (NP an *UNK- grant )NP )VP )VP )S )SBAR )SBAR )VP )VP . )S  STOP
(S (NP Some people )NP (VP call (S (NP it )NP `` (NP (NP The *UNKC )NP (PP on (NP the Lake )NP )PP )NP '' )S (PRN -- (S (NP Lake *UNKC )NP , (NP that )NP (VP is )VP )S )PRN )VP . )S  STOP
(SINV `` (S (NP (NP It )NP )NP (VP helps (S (VP to (VP point (PRT out )PRT (SBAR (WHNP (WHADJP how many )WHADJP important people )WHNP (S (VP came (PP through (NP Cleveland )NP )PP (PP on (NP (NP their way )NP (PP to (NP the top )NP )PP )NP )PP )VP )S )SBAR )VP )VP )S )VP )S , '' (VP says )VP (NP (NP George Miller )NP , (NP (NP executive director )NP (PP of (NP (NP the New Cleveland *UNKC )NP , (NP (NP a *UNK organization )NP (ADJP devoted (PP to (S (VP citing (NP (NP the city 's )NP *UNK )NP )VP )S )PP )ADJP )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP Mr. Miller )NP (VP notes (SBAR (SBAR that (S (NP (NP actor Paul *UNKC 's )NP family )NP (VP owned (NP (NP a *UNK- store )NP (PP in (NP Cleveland )NP )PP )NP )VP )S )SBAR , (SBAR that (S (NP (NP the late *UNK Margaret Hamilton )NP , (SBAR (WHNP who )WHNP (S (VP played (NP the bad *UNK )NP (PP in `` (NP (NP The *UNKC )NP (PP Of (NP *UNK )NP )PP )NP )PP )VP )S )SBAR , '' )NP (ADVP once )ADVP (VP ran (NP (NP a *UNK school )NP (PP in (NP Cleveland )NP )PP )NP )VP )S )SBAR and (SBAR that (S (NP (NP (NP *UNK Bob *UNKC 's )NP father )NP , (NP a *UNK )NP , )NP (ADVP once )ADVP (VP worked (PP on (NP (NP a church )NP (ADJP next (PP to (NP (NP *UNKC Hall )NP , (NP (NP Cleveland 's )NP main *UNK hall )NP )NP )PP )ADJP )NP )PP )VP )S )SBAR )SBAR )VP . )S  STOP
(S `` (S (NP (NP Power names )NP (PP like (NP that )NP )PP )NP (VP do n't (VP hurt (NP (NP the city 's )NP reputation )NP )VP )VP )S , '' (NP Mr. Miller )NP (VP says )VP . )S  STOP
(S (PP In (NP Hollywood )NP )PP , (NP an average family )NP (VP can (VP gain (NP *UNK )NP (PP from (S (VP moving (PP into (NP (NP a home )NP (VP *UNKED (PP by (NP the (ADJP (ADJP famous )ADJP or (ADJP near famous )ADJP )ADJP )NP )PP )VP )NP )PP )VP )S )PP )VP )VP . )S  STOP
(SINV `` (S (INTJ Why )INTJ (NP we )NP (ADVP even )ADVP (VP (VP (ADVP just )ADVP sold (NP (NP a *UNK- house )NP (PP in (NP Van *UNKC )NP )PP )NP )VP and (VP were (ADJP able (S (VP to (VP keep (S (NP the price )NP (ADJP firm )ADJP )S (PP in (NP a weak real-estate market )NP )PP (PP by (S (VP noting (SBAR that (S (NP the original Lone *UNKC )NP (VP lived (NP there )NP )VP )S )SBAR )VP )S )PP )VP )VP )S )ADJP )VP )VP )S , '' (VP says )VP (NP (NP David *UNKC )NP , (NP (NP a sales associate )NP (PP with (NP (NP Jon Douglas Co. )NP , (NP a Los Angeles real-estate agency )NP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP Most people )NP (VP ca n't (ADVP even )ADVP (VP remember (NP his name )NP )VP )VP . '' )S  STOP
(S -LRB- (NP It )NP (VP is (NP John Hart )NP )VP . -RRB- )S  STOP
(S (NP Mr. *UNKC )NP (VP says (SBAR that (S (NP (NP a *UNK- property )NP (VP *UNKING (NP the San *UNKC Valley )NP )VP )NP (VP is (VP priced (PP at (NP (QP $ 4 million )QP )NP )PP (SBAR because (S (NP the late actor *UNKC *UNKC )NP (ADVP once )ADVP (VP lived (NP there )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (SBAR If (S (NP *UNKC )NP (VP had n't (VP lived (NP there )NP )VP )VP )S )SBAR , (NP the property )NP (VP might (VP have (VP been (VP priced (ADVP (NP (QP $ 1 million )QP )NP lower )ADVP )VP )VP )VP )VP )S , '' (VP says )VP (NP Mr. *UNKC )NP , (S (VP noting (SBAR that (S (S (NP (NP *UNKC 's )NP house )NP (VP has (VP been (VP *UNKED )VP )VP )VP )S , and (S (NP only the *UNKING pool )NP (VP remains )VP )S )S )SBAR )VP )S . )SINV  STOP
(S (NP (NP Press agents )NP and (NP public-relations *UNK )NP )NP (VP are (NP *UNK *UNK- )NP )VP . )S  STOP
(S And (NP some )NP (ADVP even )ADVP (VP do (NP it )NP (PP with (NP *UNK *UNK )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP a financial *UNK )NP (PP in (NP New York )NP )PP )NP , )NP (ADVP sometimes )ADVP (VP uses (NP it )NP (S (VP to (VP get (NP (NP the attention )NP (PP of (NP (NP journalists )NP (SBAR (WHNP who )WHNP (S (VP try (S (VP to (VP avoid (NP him )NP )VP )VP )S )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP He )NP (VP says (SBAR that (S (SBAR (WHADVP when )WHADVP (S (NP (NP Dan *UNKC )NP , (NP (NP a financial columnist )NP (PP with (NP USA Today )NP )PP )NP , )NP (VP has n't (VP returned (NP his phone calls )NP )VP )VP )S )SBAR , (NP he )NP (VP leaves (NP (NP messages )NP )NP (PP with (NP (NP Mr. *UNKC 's )NP office )NP )PP (VP saying (SBAR that (S (NP he )NP (VP has (NP (NP an important story )NP (PP on (NP (NP Donald Trump )NP , (NP *UNKC *UNKC )NP or (NP Marvin Davis )NP )NP )PP )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP admits (SBAR (S (NP he )NP (VP has (NP (NP no story )NP (PP on (NP (NP any )NP (PP of (NP them )NP )PP )NP )PP )NP (PP on (NP these occasions )NP )PP )VP )S )SBAR )VP . )S  STOP
(S `` (S (S But (NP it )NP (VP does (VP get (S (NP him )NP (VP to (VP return (NP my calls )NP )VP )VP )S )VP )VP )S , and (S (NP it )NP (VP makes (S (NP me )NP (VP feel (ADVP better )ADVP (PP for (NP (NP the times )NP (SBAR (S (NP he )NP (VP 's (VP given (NP me )NP (NP the *UNK )NP )VP )VP )S )SBAR )NP )PP )VP )S )VP )S )S , '' (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S (NP There )NP (VP are , (PP of (NP course )NP )PP , (NP (NP obvious *UNK )NP (PP to (NP *UNK , *UNKED *UNKING )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP a publicity agent )NP (PP for (NP (NP the *UNKC Office )NP (PP in (NP Los Angeles )NP )PP )NP )PP )NP , )NP (VP warns (SBAR that (S (S (VP dropping (NP the wrong name )NP )VP )S (VP labels (NP the *UNK )NP (PP as (NP (NP a *UNK )NP and (NP a fraud )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (S (VP *UNKC (VP caught )VP )VP )S and (S (NP you )NP (VP 're (ADJP dead (PP in (NP the water )NP )PP )ADJP )VP )S )S , '' (VP says )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S (NP Mr. *UNKC )NP (VP says (SBAR that (S (NP (NP Elizabeth Taylor )NP , (NP a client )NP , )NP `` (VP *UNK (S (VP being (VP called (S ` (NP *UNKC )NP )S )VP )VP )S )VP )S )SBAR )VP . ' ... )S  STOP
(S (SBAR If (S (NP directors or producers )NP (VP (VP phone (NP me )NP )VP and (VP say (SBAR (S (NP they )NP (VP know ` (NP *UNKC )NP )VP )S )SBAR )VP )VP )S )SBAR , ' (NP I )NP (VP know (SBAR (S (NP they )NP (VP 've (ADVP never )ADVP (VP met (NP her )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP She )NP (VP *UNK ` (NP Elizabeth )NP )VP . ' '' )S  STOP
(S (PP In (NP New York society )NP )PP , (NP (NP *UNKC *UNKC )NP , (NP (NP the (ADJP very social )ADJP wife )NP (PP of (NP author William *UNKC )NP )PP )NP , )NP (VP has (NP the *UNK (NX `` (NX Mrs. *UNKC )NX '' and `` (NX *UNKC )NX )NX )NP )VP . '' )S  STOP
(S And (NP her husband )NP (ADVP sometimes )ADVP (VP calls (S (NP her )NP `` (NP *UNKC )NP )S )VP . '' )S  STOP
(SINV `` (S But (S (VP call (S (NP her )NP ` (NP *UNKC )NP )S )VP )S , ' and (S (NP it )NP (VP 's (NP a sure *UNK (SBAR (S (NP you )NP (VP 're not (PP in (NP her circle )NP )PP )VP )S )SBAR )NP , (SBAR because (S (NP she )NP (VP does n't (VP use (NP that name )NP )VP )VP )S )SBAR )VP )S )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP *UNK- )NP (PP of (NP (NP Avenue magazine )NP , (NP (NP a monthly publication )NP (VP sent (PP to (NP all the right names )NP )PP )VP )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP John Spencer *UNKC )NP , (NP (NP a *UNK )NP (PP of (NP (NP the late Sir *UNKC *UNKC )NP , (NP (NP former prime minister )NP (PP of (NP Great Britain )NP )PP )NP )NP )PP )NP , )NP (VP is n't (ADJP that *UNKED (PP with (NP (NP most *UNK- )NP (SBAR (S (NP he )NP (VP *UNK )VP )S )SBAR )NP )PP )ADJP )VP . )S  STOP
(SINV (S (NP That )NP (VP 's (SBAR because (S (NP they )NP (ADVP only )ADVP (VP drop `` (NP mere names )NP )VP )S )SBAR )VP )S , '' (VP says )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S (S (ADVP Currently )ADVP (VP writing (NP his *UNK )NP )VP )S , (NP (NP Mr. *UNKC )NP , (NP an artist )NP , )NP (VP tells (SBAR (WHADVP how )WHADVP (S (NP (NP *UNK )NP (PP such as (NP (NP the late *UNKC Paul *UNKC )NP , (NP the oil *UNK )NP , )NP )PP )NP (VP were , (PP in (NP fact )NP )PP , (VP known (PP only by (NP (NP one initial )NP , (NP their last )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (SBAR (WHADVP When )WHADVP (S (NP you )NP (VP 're (PP at (NP the club )NP )PP )VP )S )SBAR , (NP you )NP (VP ask (SBAR whether (S (NP they )NP (VP 've (VP spoken (PP to ` (NP *UNK )NP )PP )VP )VP )S )SBAR )VP . ' )S  STOP
(S (ADVP Now )ADVP (S (NP they )NP (VP know (SBAR (WHNP who )WHNP (S (NP you )NP (VP mean )VP )S )SBAR )VP )S and (S (NP you )NP (VP know (SBAR (WHNP who )WHNP (S (NP you )NP (VP mean )VP )S )SBAR )VP )S . )S  STOP
(S But (NP (NP no one )NP (ADVP else )ADVP )NP (VP does )VP . )S  STOP
(S (ADVP Now )ADVP (NP that )NP (VP 's (NP *UNKING )NP , (SBAR if (S (NP you )NP (VP know (SBAR (WHNP what )WHNP (S (NP I )NP (VP mean )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(PRN (NP (NP Part )NP (PP of (NP a Series )NP )PP )NP -RCB- )PRN  STOP
(NP (NP *UNKC )NP , (NP *UNKC )NP -- )NP  STOP
(S (NP (NP The *UNK- strip )NP (PP in (NP this booming suburb )NP )PP )NP (VP runs (NP (QP nearly five )QP miles )NP (PP along (NP *UNKC *UNKC )NP )PP , (S (VP *UNKING (PP from (NP (NP the *UNKC highway )NP (SBAR (WHNP that )WHNP (S (VP circles (NP Atlanta )NP )VP )S )SBAR )NP )PP (PP to (NP (NP the `` Big *UNKC )NP , '' (NP a *UNKED (NX (NX fast-food restaurant )NX and (NX local *UNK )NX )NX )NP )NP )PP )VP )S )VP . )S  STOP
(S (ADVP (NP *UNKC years )NP ago )ADVP , (PP in (NP (NP the *UNK )NP (PP of (NP suburban *UNK )NP )PP )NP )PP , (NP (NP just a handful )NP (PP of (NP *UNK )NP )PP )NP (VP were (ADVP here )ADVP )VP . )S  STOP
(S (ADVP Now )ADVP (NP there )NP (VP are (NP 23 )NP )VP . )S  STOP
(SINV (PP *UNKC (NP (NP such *UNK- names )NP (PP as (NP Chevrolet , Ford and Dodge )NP )PP )NP )PP (VP are )VP (NP (NP (NP *UNK )NP (SBAR (WHNP that )WHNP (S (VP did n't (VP exist (PP until (ADVP (NP three years )NP ago )ADVP )PP )VP )VP )S )SBAR )NP : (NP *UNKC , Sterling , Hyundai )NP )NP . )SINV  STOP
(SINV (PP Under (NP construction )NP )PP (VP is )VP (NP (NP (NP the strip 's )NP *UNK *UNK )NP , (NP (NP the future home )NP (PP of (NP (NP Lexus )NP , (NP (NP a luxury *UNK )NP (VP launched (PP by (NP Toyota Motor Corp. )NP )PP (ADVP (NP (QP just two )QP months )NP ago )ADVP )VP )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP The 1980s )NP (VP have (VP spawned (NP (NP an explosion )NP (PP of (NP consumer choice )NP )PP (PP in (NP America )NP )PP )NP , (PP in (NP (NP everything )NP (PP (PP from (NP phone companies )NP )PP (PP to (NP *UNK )NP )PP )PP )NP )PP )VP )VP . )S  STOP
(FRAG And (ADVP especially )ADVP , (SBAR as (S (NP the *UNKC *UNKC strip )NP (VP *UNK )VP )S )SBAR , (PP in (NP cars )NP )PP . )FRAG  STOP
(S (NP Americans )NP (ADVP now )ADVP (VP can (VP choose (PP among (NP (NP *UNKN different models )NP (PP of (NP cars , vans and trucks )NP )PP , (ADVP up (PP from (NP just *UNKN )NP (SBAR (WHADVP when )WHADVP (S (NP the decade )NP (VP began )VP )S )SBAR )PP )ADVP )NP )PP , (PP according (PP to (NP (NP Automotive News )NP , (NP a trade publication )NP )NP )PP )PP )VP )VP . )S  STOP
(S (PP For (NP car marketers )NP )PP , (NP it )NP (VP has (VP become (NP a (ADJP much tougher )ADJP battle (S (VP to (VP keep (NP loyal customers )NP (PP from (S (VP *UNKING (PP to (NP (NP one )NP (PP of (NP (NP the new makes )NP (PP on (NP the block )NP )PP )NP )PP )NP )PP )VP )S )PP )VP )VP )S )NP )VP )VP . )S  STOP
(S (PP For (NP American car buyers )NP )PP , (NP (NP the *UNK )NP (PP of (NP choice )NP )PP )NP (VP is (ADJP both *UNKING and confusing )ADJP )VP . )S  STOP
(S (NP (NP Malcolm *UNKC )NP , (NP (NP vice chairman )NP (PP of (NP (NP the Jordan , *UNKC , *UNKC & Taylor advertising agency )NP (PP in (NP New York )NP )PP )NP )PP )NP , )NP (VP calls (S (NP the *UNK )NP `` (NP *UNK *UNK )NP )S )VP . '' )S  STOP
(S (NP He )NP (VP says (SBAR (SBAR (S (NP (NP the number )NP (PP of (NP automobile choices )NP )PP )NP (VP is (VP causing (NP stress )NP (PP among (NP consumers )NP )PP (NP today )NP )VP )VP )S )SBAR , and (SBAR that (S (NP people )NP (VP will (ADVP simply )ADVP (VP ignore (NP (NP new models )NP (SBAR (WHNP that )WHNP (S (VP lack (NP a *UNKED image )NP )VP )S )SBAR )NP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S `` (NP The winners )NP (PRN , '' (S (NP he )NP (VP predicts )VP )S , `` )PRN (VP will (VP be (NP (NP brands )NP (PP from (NP (NP car makers )NP (SBAR (WHNP that )WHNP (S (VP have (ADVP traditionally )ADVP (VP been (VP associated (PP with (NP quality and value )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )VP )VP . '' )S  STOP
(S (NP He )NP (VP says (SBAR (S (NP (NP it )NP )NP (VP 's (ADJP important )ADJP (SBAR for (S (NP a new make )NP (VP to (VP be (ADJP as *UNK (PP as (ADJP possible )ADJP )PP )ADJP (SBAR while (S (ADVP still )ADVP (VP *UNKING (NP (NP links )NP (PP to (NP (NP the parent company 's )NP quality image )NP )PP )NP )VP )S )SBAR )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP *UNK (NP (NP Toyota )NP and (NP Nissan Motor Co. )NP )NP (PP for (S (VP (VP creating (NP separate divisions )NP (PP for (NP their new luxury models )NP )PP )VP , (CONJP rather than )CONJP (VP (ADVP simply )ADVP adding (NP more *UNK )NP (PP to (NP their standard car lines )NP )PP )VP )VP )S )PP )VP . )S  STOP
(S (NP Some auto executives )NP (VP believe (SBAR (S (NP (NP the benefits )NP (PP of (NP more choice )NP )PP )NP (VP *UNK (NP the *UNK )NP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (S (NP There )NP (VP 's (NP more *UNK )NP (ADVP out there )ADVP )VP )S , and (S (NP the consumer )NP (VP may (VP have (S (VP to (VP work (ADVP harder )ADVP (S (VP to (VP cut (PP through (NP it )NP )PP )VP )VP )S )VP )VP )S )VP )VP )S )S , '' (VP says )VP (NP (NP Vincent P. *UNKC )NP , (NP (NP executive director )NP (PP of (NP market research and planning )NP )PP (PP at (NP General Motors Corp )NP )PP )NP )NP . )SINV  STOP
(S `` But (NP the reward )NP (VP is (SBAR that (S (NP there )NP (VP 's (NP less need (S (VP to (VP make (NP *UNK )NP '' (PP in (S (VP *UNKING (NP (NP one 's )NP *UNK )NP )VP )S )PP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (PP of (NP (NP North *UNKC Lake City )NP , (NP Utah )NP , )NP )PP )NP (VP likes (NP the broader selection )NP )VP . )S  STOP
(S (NP She )NP (VP (VP wants (NP something big )NP )VP , and (VP (ADVP already )ADVP has (VP looked (PP at (NP the (NX (NX Chrysler New *UNKC )NX and (NX Lincoln *UNKC Car )NX )NX )NP )PP )VP )VP )VP . )S  STOP
(S (ADVP Now )ADVP , (NP the *UNK- car *UNK )NP (VP is (VP *UNKING (PRT in )PRT (PP on (NP a *UNKED *UNK )NP )PP , (S (VP *UNKING (SBAR that (S (NP it )NP (VP 's (NP (NP just the thing )NP (SBAR (S (VP to (VP (VP *UNK (NP nine *UNK )NP )VP and (VP pull (NP a boat )NP )VP (PP at (NP the same time )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(S `` (S (NP That )NP (VP seems (S (VP to (VP be (SBAR (WHNP what )WHNP (S (NP all my friends )NP (VP are (VP using (S (VP to (VP take (NP the *UNK )NP (PP to (NP the *UNK )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )VP )S )VP )S , '' (NP she )NP (VP says )VP . )S  STOP
(S (S (NP (NP Market *UNK )NP (PP in (NP cars )NP )PP )NP (VP is n't (ADJP new )ADJP )VP )S , but (S (NP it )NP (VP 's (ADJP (ADJP far more extensive )ADJP (PP than (FRAG (SBAR (WHADVP when )WHADVP (S (NP Alfred P. Sloan Jr. )NP (VP *UNKED (NP the idea )NP (ADVP (NP 50 years )NP ago )ADVP )VP )S )SBAR )FRAG )PP )ADJP )VP )S . )S  STOP
(S (NP The *UNK GM chairman )NP (VP declared (SBAR that (S (NP his company )NP (VP would (VP make `` (NP (NP a car )NP (PP for (NP every *UNK and purpose )NP )PP )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (ADVP Now )ADVP (NP there )NP (VP are (NP (NP many cars )NP (PP for (NP every *UNK and purpose )NP )PP )NP )VP . )S  STOP
(S (ADVP (NP Just four years )NP ago )ADVP , (NP GM planners )NP (VP divided (NP the combined car and truck market )NP (PP into (NP seven segments )NP )PP )VP . )S  STOP
(S (NP Today )NP , (NP they )NP (VP identify (NP (NP (NP 19 *UNK segments )NP (PP for (NP cars )NP )PP )NP , and (NP (NP another 11 )NP (PP for (NP trucks and vans )NP )PP )NP )NP )VP . )S  STOP
(S (S (NP (NP The number )NP (PP of (NP makes )NP )PP )NP (VP has (VP *UNKED (SBAR because (S (NP the U.S. )NP (VP is (NP (NP (NP the world 's )NP (ADJP biggest and *UNK )ADJP market )NP (PP for (NP *UNK )NP )PP )NP )VP )S )SBAR )VP )VP )S ; (S (NP virtually every auto maker )NP (VP wants (S (VP to (VP sell (ADVP here )ADVP )VP )VP )S )VP )S . )S  STOP
(S (PP For (NP (NP every brand )NP (PP like (NP Renault or Fiat )NP )PP (SBAR (WHNP that )WHNP (S (VP has (VP been (VP squeezed (PRT out )PRT )VP )VP )VP )S )SBAR )NP )PP , (NP (NP others )NP (PP such as (NP *UNKC , *UNKC and Mitsubishi )NP )PP )NP (VP have (VP come (ADVP in )ADVP )VP )VP . )S  STOP
(S (NP Detroit )NP (VP tries (S (VP to (VP counter (NP the foreign *UNK )NP (PP with (NP (NP new brands )NP (PP of (NP its own )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (S (NP GM )NP (VP launched (NP (NP the *UNKC *UNK )NP )NP (NP this year )NP (SBAR (S (VP to (VP sell (NP (NP cars )NP (VP made (PP in (NP (NP partnership )NP (PP with (NP foreign auto makers )NP )PP )NP )PP )VP )NP )VP )VP )S )SBAR )VP )S , and (S (NP next year )NP (NP (NP GM 's )NP *UNKED *UNKC cars )NP (VP will (VP make (NP their debut )NP )VP )VP )S . )S  STOP
(S (NP Ford Motor Co. )NP (VP created (NP (NP the Merkur *UNK )NP )NP (PP in (NP 1985 )NP )PP (SBAR (S (VP to (VP sell (NP its *UNKC *UNKING *UNK )NP (PP in (NP the U.S. )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP slow sales )NP (VP forced (S (NP Ford )NP (VP to (VP kill (NP the brand )NP (NP just last week )NP )VP )VP )S )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP consumers )NP (VP have (NP (ADJP so many )ADJP choices )NP )VP )S )SBAR , (NP brand loyalty )NP (VP is (ADJP much harder (SBAR (S (VP to (VP maintain )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP (NP The Wall Street Journal 's )NP `` (NAC American Way (PP of (NP Buying )NP )PP )NAC '' survey )NP (VP found (SBAR that (S (NP (NP 53 % )NP (PP of (NP (NP today 's )NP car buyers )NP )PP )NP (VP tend (S (VP to (VP switch (NP brands )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP the survey )NP )PP , (NP (NP Peter D. Hart Research Associates )NP and (NP the Roper Organization )NP )NP (NP each )NP (VP asked (NP (QP about 2,000 )QP U.S. consumers )NP (PP about (NP their buying *UNK )NP )PP )VP . )S  STOP
(SBARQ (WHNP *UNKC cars )WHNP (SQ do (NP Americans )NP (VP favor (ADVP most )ADVP (NP these days )NP )VP )SQ ? )SBARQ  STOP
(S (S (NP (NP It )NP )NP (VP 's (ADJP hard )ADJP (S (VP to (VP *UNK )VP )VP )S )VP )S , but (S (NP age )NP (VP seems (S (VP to (VP be (NP the best *UNK )NP )VP )VP )S )VP )S . )S  STOP
(S (NP (NP *UNKC )NP (PP under (NP age 30 )NP )PP )NP (VP like (NP (NP sports cars )NP , (NP luxury cars )NP , (NP *UNK )NP and (NP imports )NP )NP (ADVP (ADVP far more )ADVP (SBAR than (S (NP their *UNK )NP (VP do )VP )S )SBAR )ADVP )VP . )S  STOP
(S (NP (NP Three )NP (PP of (NP (NP every 10 buyers )NP (PP under (NP 30 )NP )PP )NP )PP )NP (VP would (VP prefer (S (VP to (VP buy (NP a sports car )NP )VP )VP )S , (PP compared (PP with (NP (NP (QP just 16 )QP % )NP (PP of (NP (NP adults )NP (NP (QP 30 and over )QP )NP )NP )PP )NP )PP )PP , (PP according (PP to (NP the Journal survey )NP )PP )PP )VP )VP . )S  STOP
(S (NP Young consumers )NP (VP prefer (NP luxury cars )NP (PP by (NP a (ADJP (QP 37 % to 28 % )QP )ADJP margin )NP )PP -- (SBAR even though (S (NP older buyers )NP , (PP because of (NP their *UNK )NP )PP , (VP are (ADJP more likely (S (VP to (ADVP actually )ADVP (VP purchase (NP a luxury car )NP )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Perhaps )ADVP (ADJP most striking )ADJP , (NP (NP 35 % )NP (PP of (NP (NP households )NP (VP headed (PP by (NP (NP people )NP (ADJP *UNKED (NP (QP 18 to 44 )QP )NP )ADJP )NP )PP )VP )NP )PP )NP (VP have (NP (QP at least one )QP foreign car )NP )VP . )S  STOP
(S (NP That )NP (VP 's (ADJP true (PP of (NP (NP (QP only 14 )QP % )NP (PP of (NP (NP households )NP (VP headed (PP by (NP (NP someone )NP (UCP 60 or older )UCP )NP )PP )VP )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (ADVP Generally )ADVP , (NP imports )NP (VP appeal (ADVP most )ADVP (PP to (NP (NP Americans )NP (SBAR (WHNP who )WHNP (S (VP (VP live (PP in (NP the West )NP )PP )VP and (VP are (ADJP *UNKED , affluent and (PRN , (ADVP especially )ADVP , )PRN young )ADJP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(SINV `` (S (PP For (NP many baby *UNK )NP )PP , (S (VP buying (NP a domestic car )NP )VP )S (VP is (NP a (ADJP totally foreign )ADJP experience )NP )VP )S , '' (VP says )VP (NP (NP Christopher *UNKC )NP , (NP (NP *UNK- analyst )NP (PP with (NP (NP *UNKC Power & Co. )NP (PP of (NP (NP *UNKC Hills )NP , (NP Calif )NP )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP Such *UNK )NP (VP *UNK (SBAR even though (S (NP many Americans )NP (VP believe (SBAR (S (NP (NP differences )NP (PP between (NP (ADJP imported and domestic )ADJP cars )NP )PP )NP (VP are (VP *UNKING )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (QP Only 58 )QP % )NP (PP of (NP Americans )NP )PP )NP (ADVP now )ADVP (VP believe (SBAR that (S (NP foreign cars )NP (VP get (NP (NP better gas *UNK )NP (PP than (NP domestic models )NP )PP )NP )VP )S )SBAR (PRN , (S (NP the Journal survey )NP (VP found )VP )S )PRN , (ADVP down (PP from (NP 68 % )NP (PP in (NP 1987 )NP )PP )PP )ADVP )VP . )S  STOP
(S (NP (QP Some 46 )QP % )NP (VP give (NP foreign cars )NP (NP higher quality ratings )NP , (ADVP down (PP from (NP 50 % )NP (ADVP (NP two years )NP ago )ADVP )PP )ADVP )VP . )S  STOP
(S (PP On (NP the other hand )NP )PP , (NP (QP only 42 )QP % )NP (VP say (SBAR (S (NP foreign cars )NP (VP are (ADJP less comfortable (PP than (NP U.S. models )NP )PP )ADJP )VP )S )SBAR , (ADVP down (PP from (NP 55 % )NP (PP in (NP 1987 )NP )PP )PP )ADVP )VP . )S  STOP
(S (NP (NP People )NP (PP in (NP the automotive business )NP )PP )NP (VP disagree (PP over (SBAR (WHADJP how *UNK )WHADJP (S (NP younger Americans )NP (VP are (PP to (NP brand *UNKING )NP )PP )VP )S )SBAR )PP )VP . )S  STOP
(SINV `` (S (SBAR Once (S (NP buying habits )NP (VP are (VP formed )VP )VP )S )SBAR , (NP they )NP (VP 're (ADJP very hard (SBAR (S (VP to (VP break )VP )VP )S )SBAR )ADJP )VP )S , '' (VP declares )VP (NP (NP Thomas *UNKC )NP , (NP (NP executive vice president )NP (PP for (NP (NP Nissan 's )NP U.S. sales operations )NP )PP )NP )NP . )SINV  STOP
(S But (ADVP out (PP on (NP *UNKC *UNKC )NP )PP )ADVP , (NP Ted *UNKC )NP (VP sees (NP it )NP (ADVP differently )ADVP )VP . )S  STOP
(SINV `` (S (NP The competition )NP (VP is (ADJP so intense (SBAR that (S (NP (NP (NP an owner 's )NP loyalty )NP (PP to (NP (NP a dealership )NP or (NP a car )NP )NP )PP )NP (VP is (ADJP virtually *UNK )ADJP )VP )S )SBAR )ADJP )VP )S , '' (VP says )VP (NP (NP Mr. *UNKC )NP , (NP (NP vice president )NP (PP of (NP (NP *UNK *UNKC *UNKC )NP , (NP (NP one )NP (PP of (NP (NP the first *UNK )NP (SBAR (S (VP to (VP *UNK (PP on (NP the strip )NP )PP )VP )VP )S )SBAR )NP )PP )NP )NP )PP )NP )NP . )SINV  STOP
(S (ADVP Thus )ADVP (NP (NP the very *UNK )NP (PP of (NP baby *UNK )NP )PP )NP (VP may (VP make (S (NP (NP it )NP )NP (ADJP possible )ADJP (S (VP to (VP win (NP them )NP (PRT back )PRT )VP )VP )S )S , (SBAR just as (S (NP (NP it )NP )NP (VP was (ADJP possible )ADJP (S (VP to (VP lose (NP them )NP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP The battle )NP (PP for (NP customer loyalty )NP )PP )NP (VP is (ADJP evident )ADJP (PP along (NP the *UNKC *UNKC strip )NP )PP )VP . )S  STOP
(S (NP Ed *UNKC *UNKC )NP (ADVP recently )ADVP (VP established (NP (NP a special section )NP (PP in (NP the service department )NP )PP (PP for (NP (NP owners )NP (SBAR (WHNP whose cars )WHNP (S (VP are (ADJP less (PP than (NP a year old )NP )PP )ADJP )VP )S )SBAR )NP )PP )NP , (SBAR so (S (NP they )NP (VP get (NP *UNK service )NP )VP )S )SBAR )VP . )S  STOP
(S (PP Just down (NP the street )NP )PP , (NP *UNKC *UNKC )NP (VP *UNK (NP serious shoppers )NP (S (VP to (VP (VP *UNK- (NP a new *UNKC )NP (PP to (NP (NP any other dealership )NP (PP along (NP the strip )NP )PP )NP )PP )VP , and (VP compare (NP the cars )NP (ADVP *UNK- )ADVP )VP )VP )VP )S )VP . )S  STOP
(S (NP Manufacturers )NP , (ADVP too )ADVP , (VP are (VP *UNKING (ADVP further )ADVP (S (VP to (VP lure (NP buyers )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP GM 's )NP *UNKC division )NP , (S (VP ignoring (NP (NP Detroit 's )NP *UNK- *UNK (SBAR that (S (NP safety )NP (VP does n't (VP sell )VP )VP )S )SBAR )NP )VP )S , (VP is (VP airing (NP (NP television commercials )NP (VP *UNKING (NP (NP its cars ' )NP safety features )NP )VP )NP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP may (VP be (PP on (PP to (NP something )NP )PP )PP )VP )VP . )S  STOP
(S (NP (NP (QP Some 60 )QP % )NP (PP of (NP the survey respondents )NP )PP )NP (VP said (SBAR (S (NP they )NP (VP would (VP buy (NP *UNK- *UNK )NP (SBAR even if (S (NP they )NP (VP carry (NP a (ADJP medium or high )ADJP price *UNK )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (QP More than 50 )QP % )NP (VP felt (NP the same way )NP (PP about (NP air bags )NP )PP )VP . )S  STOP
(S (NP Both features )NP (VP appealed (ADVP most )ADVP (PP to (NP (NP buyers )NP (PP under (NP 45 )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP contrast )NP )PP , (NP (NP *UNK computers )NP , (NP power seats )NP and (NP *UNKED engines )NP )NP (VP had (NP little appeal )NP )VP . )S  STOP
(S But (NP even a little appeal )NP (VP has (NP (NP a lot )NP (PP of (NP *UNK )NP )PP )NP (NP these days )NP )VP . )S  STOP
(S (NP (NP GM 's )NP *UNKC division )NP (VP is (VP offering (NP a *UNKED *UNKC engine )NP (PP on (NP its Grand *UNKC model )NP )PP , (SBAR even though (S (NP it )NP (VP expects (S (VP to (VP sell (NP (NP (QP only about 4,000 )QP cars )NP (VP *UNKED (PP with (NP that option )NP )PP )VP )NP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(FRAG (NP The reason )NP : (S (NP (NP *UNKC )NP (PP with (NP narrow appeal )NP )PP )NP (VP can (VP be (ADJP important )ADJP (PP in (NP (NP a market )NP (ADJP as *UNKED (PP as (NP today 's )NP )PP )ADJP )NP )PP )VP )VP )S . )FRAG  STOP
(S (S (NP Americans )NP (VP spent (NP (QP more than $ 190 billion )QP )NP (PP on (NP new cars and trucks )NP )PP (NP last year )NP )VP )S , and (S (NP (NP (QP just 1 )QP % )NP (PP of (NP that market )NP )PP )NP (VP exceeded (NP (NP (NP Polaroid Co. 's )NP sales )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP )VP )S . )S  STOP
(SQ `` (SBAR Even if (S (NP it )NP (VP 's (NP (QP only 1 )QP % )NP )VP )S )SBAR (PRN , '' (SINV (VP says )VP (NP (NP GM 's )NP Mr. *UNKC )NP )SINV , `` )PRN would (NP you )NP (VP throw (PRT away )PRT (NP (NP sales )NP (NP (NP the size )NP (PP of (NP Polaroid )NP )PP )NP )NP )VP ? '' )SQ  STOP
(S (NP American Telephone & Telegraph Co. )NP (VP said (SBAR (S (NP it )NP (VP will (VP lay (PRT off )PRT (NP (QP 75 to 85 )QP technicians )NP (ADVP here )ADVP , (S (ADJP effective )ADJP (NP Nov. 1 )NP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The workers )NP (VP install , maintain and repair (NP (NP its private branch exchanges )NP , (SBAR (WHNP which )WHNP (S (VP are (NP large *UNK telephone networks )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP It )NP (VP 's (NP (NP a California crime *UNK )NP (ADJP *UNK (PP of (NP (NP an *UNKC Stanley *UNKC title )NP : (NP (NP The *UNKC )NP (PP of (NP the *UNKED *UNKC *UNKC )NP )PP )NP )NP )PP )ADJP )NP )VP . )S  STOP
(S (NP Edward *UNKC )NP (VP *UNK (NP (NP one morning )NP (NP last month )NP )NP (S (VP to (VP find (NP eight *UNK )NP (PP in (NP (NP his front *UNK )NP (SBAR (WHADVP where )WHADVP (S (NP (NP his *UNKED *UNK *UNK )NP , (VP called (S (NP *UNK )NP )S )VP , )NP (ADVP once )ADVP (VP stood )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S (ADVP (NP *UNKC )NP later )ADVP , (NP the *UNK )NP (VP (VP returned )VP and (VP *UNK (PRT out )PRT (NP more )NP )VP , (S (NP this time )NP (VP adding (NP *UNK )NP (PP to (NP *UNK )NP )PP )VP )S )VP . )S  STOP
(S `` (NP The second time )NP (PRN , '' (S (NP he )NP (VP says )VP )S , `` )PRN (NP they )NP (VP left (NP the *UNK )NP )VP . '' )S  STOP
(S (S (NP No *UNK- crime )NP )S , (NP *UNK- *UNKING )NP (VP is (VP *UNKING (PRT up )PRT (PP all over (NP Southern California )NP )PP , (S (VP bringing (NP big *UNK )NP (PP to (NP (NP *UNK )NP (SBAR (WHNP who )WHNP (S (VP know (NP their *UNK )NP )VP )S )SBAR )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (SBAR (WHNP (WHNP the most popular )WHNP (WHPP of (WHNP which )WHNP )WHPP )WHNP (S (VP is (NP the *UNKC *UNKC )NP )VP )S )SBAR , )NP (VP are (NP (NP *UNKED versions )NP (PP of (NP (NP California 's )NP famous *UNKED *UNK )NP )PP , (PP with (NP (NP *UNK *UNK )NP and (NP *UNK- *UNK )NP )NP )PP )NP )VP . )S  STOP
(S (S (SBAR Because (S (NP the *UNKC )NP (VP (VP is (ADJP relatively rare )ADJP )VP and (VP grows (NP (NP (NP only a couple )NP (PP of (NP inches )NP )PP )NP (NP a year )NP )NP )VP )VP )S )SBAR , (NP it )NP (VP 's (NP a *UNK lawn *UNK )NP )VP )S : (S (S (NP A (ADJP *UNK- tall )ADJP *UNKC )NP (VP can (VP retail (PP for (NP $ 1,000 )NP )PP )VP )VP )S , and (S (NP *UNK ones )NP (ADVP often )ADVP (VP fetch (NP (QP $ 3,000 or more )QP )NP )VP )S )S . )S  STOP
(SINV `` (S (ADVP *UNKLY )ADVP , (NP somebody )NP (VP has (VP realized (SBAR (S (NP (NP it )NP )NP (VP 's (NP easy money )NP (S (VP to (VP steal (NP these things )NP )VP )VP )S )VP )S )SBAR )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a research associate )NP (VP specializing (PP in (NP *UNK )NP )PP )VP (PP at (NP the Los Angeles State and County *UNKC )NP )PP )NP )NP . )SINV  STOP
(S (NP Just last week )NP , (NP would-be thieves )NP (VP damaged (NP (NP three *UNKC )NP (PP at (NP (NP (NP Mr. *UNKC 's )NP home )NP (PP in (NP the Eagle Rock section )NP )PP )NP )PP )NP (SBAR before (S (NP something )NP (VP *UNKED (NP them )NP (PRT off )PRT , (S (VP *UNKED )VP )S )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP (NP It )NP )NP (VP 's (ADJP hard )ADJP (S (VP to (VP think (SBAR (S (NP someone )NP (VP is (VP *UNKING (NP your garden )NP )VP )VP )S )SBAR )VP )VP )S )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP Police )NP (VP suspect (SBAR that (S (NP (NP the criminals )NP , (SBAR (WHNP who )WHNP (S (VP *UNK up (NP the plants )NP (PP in (NP (NP the dead )NP (PP of (NP night )NP )PP )NP )PP )VP )S )SBAR , )NP (VP are (VP selling (NP them )NP (PP to (NP *UNK or *UNK )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNKC )NP (VP has (VP become (NP (NP a popular *UNK )NP (PP in (NP *UNK new housing *UNK )NP )PP )NP , (S (ADVP apparently )ADVP (VP giving (NP the *UNK )NP (NP (NP a ready market )NP (PP for (NP their *UNKED *UNK )NP )PP )NP )VP )S )VP )VP . )S  STOP
(SINV (S (NP *UNKC )NP (VP are (VP going (S (VP to (VP find `` (NP (NP anybody )NP (SBAR (WHNP who )WHNP (S (VP has (NP (NP enough *UNK )NP (SBAR (S (VP to (VP plant (NP these things )NP (PP in (NP their front yard )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S , '' (VP says )VP (NP (NP William *UNKC )NP , (NP (NP an *UNK )NP (PP with (NP (NP the police department )NP (PP in (NP (NP (NP Garden *UNKC )NP , (NP Calif. )NP , )NP (SBAR (WHADVP where )WHADVP (S (NP five such *UNK )NP (VP have (VP been (VP reported (PP in (NP the past several weeks )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP The department )NP (VP is (VP (VP advising (NP residents )NP (S (VP to (VP plant (NP *UNKC )NP (PRN , (SBAR if (S (NP they )NP (VP must )VP )S )SBAR , )PRN (PP in (NP the back yard )NP )PP )VP )VP )S )VP and (VP telling (NP *UNK )NP (S (VP to (VP be (PP on (NP (NP the *UNK )NP (PP for (NP (NP anyone )NP (VP trying (S (VP to (VP *UNK (NP one )NP (PRT off )PRT )VP )VP )S )VP )NP )PP )NP )PP )VP )VP )S )VP )VP )VP . )S  STOP
(S But (PP for (NP (NP those *UNKC )NP (SBAR (WHNP who )WHNP (S (VP want (S (NP *UNK *UNK )NP (PP (PP out (NP front )NP )PP (SBAR (WHADVP where )WHADVP (S (NP neighbors )NP (VP can (VP *UNK (NP them )NP )VP )VP )S )SBAR )PP )S )VP )S )SBAR )NP )PP , (NP there )NP (VP 's (ADVP always )ADVP (NP (NP Harold Smith 's )NP approach )NP )VP . )S  STOP
(S (S (SBAR After (S (NP three *UNKC )NP (VP were (VP stolen (PP from (NP (NP his home )NP (PP in (NP Garden *UNKC )NP )PP )NP )PP )VP )VP )S )SBAR , `` (NP I )NP (VP (VP put (NP a big iron stake )NP (PP in (NP the ground )NP )PP )VP and (VP tied (NP the tree )NP (PP to (NP the stake )NP )PP (PP with (NP a chain )NP )PP )VP )VP )S , '' (NP he )NP (VP says (ADVP *UNKLY )ADVP )VP . )S  STOP
(S `` And (NP you )NP (VP ca n't (VP cut (NP this chain )NP (PP with (NP *UNK *UNK )NP )PP )VP )VP . )S  STOP
(S (NP (NP Program trading )NP (PP on (NP the New York Stock Exchange )NP )PP (PP in (NP September )NP )PP )NP (VP rose (PP to (NP (NP its highest recorded level )NP (PP as (NP (NP a percentage )NP (PP of (NP total monthly trading volume )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP September program trading )NP (VP amounted (PP to (NP (NP (NP 13.8 % )NP (PP of (NP (NP average daily New York Stock Exchange volume )NP (PP of (NP (QP *UNKN million )QP shares )NP )PP )NP )PP )NP , (NP (NP the largest percentage )NP (SBAR since (S (NP the exchange )NP (VP began (S (VP making (S (NP such figures )NP (ADJP public )ADJP )S )VP )S (PP in (NP July 1988 )NP )PP )VP )S )SBAR )NP )NP )PP )VP . )S  STOP
(S (NP (NP A daily average )NP (PP of (NP (QP *UNKN million )QP shares )NP )PP )NP (VP traded (PP in (NP program strategies )NP )PP (PP in (NP September )NP )PP , (NP the *UNK- level ever )NP )VP . )S  STOP
(S (NP The highest level )NP (VP was (PP in (NP (NP June 1989 )NP , (SBAR (WHADVP when )WHADVP (S (NP (NP a daily average )NP (PP of (NP (QP *UNKN million )QP shares )NP )PP )NP (VP traded (PP in (NP program strategies )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP Average daily trading volume )NP (PP in (NP June )NP )PP (PP of (NP (QP *UNKN million )QP shares )NP )PP )NP (VP was (ADJP (ADJP considerably higher )ADJP (PP than (PP in (NP September )NP )PP )PP )ADJP )VP . )S  STOP
(S (NP Program trading )NP (VP amounted (PP to (NP (NP *UNKN % )NP (PP of (NP average daily volume )NP )PP )NP )PP (PP in (NP June )NP )PP )VP . )S  STOP
(S (NP The Big Board )NP (VP says (SBAR (S (NP program trading )NP (VP describes (NP (NP a variety )NP (PP of (NP (NP strategies )NP (VP involving (NP (NP the purchase or sale )NP (PP of (NP (NP a basket )NP (PP of (NP (QP 15 or more )QP stocks )NP )PP )NP )PP )NP )VP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The (ADJP most controversial )ADJP )NP (PP of (NP these )NP )PP )NP (VP is (NP (NP stock-index arbitrage )NP , (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP traders )NP (VP (VP buy or sell (NP (NP baskets )NP (PP of (NP stocks )NP )PP )NP )VP and (VP offset (NP the position )NP (PP with (NP (NP an opposite trade )NP (PP in (NP stock-index futures )NP )PP (SBAR (S (VP to (VP lock (PRT in )PRT (NP profits )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP It )NP (VP 's (NP (NP the (ADJP most controversial )ADJP form )NP (PP of (NP program trading )NP )PP )NP (SBAR because (S (NP it )NP (VP can (VP create (NP (NP abrupt price swings )NP (PP in (NP the stock market )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Salomon Brothers Inc. )NP (VP was (NP the top program trader )NP (PP in (NP September )NP )PP )VP )S , but (S (NP (NP most )NP (PP of (NP (NP the firm 's )NP activity )NP )PP )NP (VP involved (NP (NP portfolio trading strategies )NP (ADJP other (PP than (NP stock-index arbitrage )NP )PP )ADJP )NP )VP )S . )S  STOP
(S (ADVP Overall )ADVP , (NP Salomon )NP (VP reported (NP (NP program trading volume )NP (PP of (NP (QP *UNKN million )QP shares )NP )PP )NP )VP . )S  STOP
(S (NP The top stock-index arbitrage firm )NP (NP last month )NP (VP was (NP Morgan Stanley & Co )NP )VP . )S  STOP
(S (PP Of (NP (NP (NP Morgan Stanley 's )NP (QP *UNKN million )QP shares )NP (PP in (NP program trades )NP )PP (PP for (NP the month )NP )PP )NP )PP , (NP (NP (QP *UNKN million )QP )NP )NP (VP were (PP in (NP stock-index arbitrage trades )NP )PP )VP . )S  STOP
(SINV (PP *UNKC (NP *UNK- Morgan Stanley )NP )PP (VP were )VP (NP (NP Kidder , Peabody & Co. )NP , (NP Goldman , Sachs & Co. )NP and (NP (NP CS First Boston Inc. 's )NP First Boston Corp. unit )NP )NP . )SINV  STOP
(S (NP (NP A group )NP (PP of (NP shareholders )NP )PP )NP (VP filed (NP suit )NP (PP against (NP (NP (NP Imperial Corp. )NP (PP of (NP America )NP )PP )NP , (NP Drexel Burnham Lambert Inc. )NP , (NP First Executive Corp. )NP and (NP others )NP , )NP )PP (S (VP charging (NP them )NP (PP with (S (ADVP *UNKLY )ADVP (VP *UNKING (NP (NP Imperial 's )NP stock price )NP (S (VP to (VP protect (NP certain major investors )NP )VP )VP )S )VP )S )PP )VP )S )VP . )S  STOP
(S (NP (NP The complaint )NP , (VP filed (PP in (NP federal district court )NP )PP )VP , )NP (VP *UNK (NP (NP Imperial )NP and (NP other defendants )NP )NP (PP of (S (VP issuing (NP (ADJP false and misleading )ADJP financial data )NP )VP )S )PP )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP charges (SBAR that (S (NP (NP Imperial )NP , (NP (NP the holding company )NP (PP for (NP Imperial Savings & Loan )NP )PP )NP , )NP (VP experienced (NP major losses and *UNK )NP (PP because of (NP (NP improper assessment )NP (PP of (NP (NP the risks )NP (PP of (NP (NP junk-bond investments )NP and (NP wholesale consumer loan packages )NP )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The suit )NP (VP seeks (NP unspecified damages )NP )VP . )S  STOP
(S (NP Imperial )NP (VP is (PP in (NP (NP the midst )NP (PP of (S (VP (VP reducing (NP its junk-bond holdings )NP )VP and (VP getting (PP out (PP of (NP the investment banking business )NP )PP )PP (SBAR in order (S (VP to (VP return (PP to (NP traditional thrift activities )NP )PP )VP )VP )S )SBAR )VP )VP )S )PP )NP )PP )VP . )S  STOP
(S (NP The derivative suit )NP (VP is (ADJP similar (PP to (NP (NP a *UNK- complaint )NP (VP filed (NP earlier this year )NP )VP )NP )PP )ADJP )VP . )S  STOP
(S (NP Imperial )NP (VP said (PP in (NP a statement )NP )PP (SBAR (S (NP it )NP (VP expects (S (NP other complaints )NP (VP to (VP be (VP filed (PP in (NP (NP the wake )NP (PP of (NP (NP the original suit )NP and (NP (NP a recent article )NP (PP in (NP (NP *UNKC 's )NP magazine )NP )PP (SBAR (WHNP that )WHNP (S (VP focused (PP on (NP (NP the company 's )NP problems )NP )PP )VP )S )SBAR )NP )NP )PP )NP )PP )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (SBAR Although (S (NP an Imperial spokesman )NP (VP said (SBAR (S (NP the company )NP (VP had n't (ADVP yet )ADVP (VP been (VP served (PP with (NP the derivative suit )NP )PP )VP )VP )VP )S )SBAR )VP )S )SBAR , (NP he )NP (VP *UNKED (NP (NP the company 's )NP statement (SBAR that (S (NP it )NP (VP would (ADVP *UNKLY )ADVP (VP defend (NP itself )NP (PP against (NP the *UNK- suit )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP at (NP (NP Drexel )NP and (NP First Executive )NP )NP )PP )NP (VP said (SBAR (S (NP the companies )NP (VP had n't (ADVP yet )ADVP (VP been (VP served (PP with (NP the suit )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP a separate complaint )NP (VP (ADVP also )ADVP filed (PP in (NP (NP federal court )NP (ADVP here )ADVP )NP )PP )VP )NP )PP , (NP (NP shareholder Max *UNKC )NP (PP of (NP New York )NP )PP )NP (VP charged (NP (NP Imperial )NP , (NP its (NX (NX top executives )NX and (NX directors )NX )NX )NP )NP (PP with (NP (NP (NP breach )NP (PP of (NP *UNK duty )NP )PP )NP and (S (VP *UNKING (NP (NP the company 's )NP assets )NP )VP )S )NP )PP )VP . )S  STOP
(S (NP Imperial )NP (VP said (SBAR (S (NP it )NP (VP had n't (VP been (VP served (PP with (NP this suit )NP )PP (ADVP either )ADVP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Companies )NP (VP listed (ADVP below )ADVP )VP )NP (VP reported (NP (NP quarterly profit )NP (ADJP substantially different (PP from (NP (NP the average )NP (PP of (NP (NP analysts ' )NP estimates )NP )PP )NP )PP )ADJP )NP )VP . )S  STOP
(S (NP The companies )NP (VP (VP are (VP followed (PP by (NP (QP at least three )QP analysts )NP )PP )VP )VP , and (VP had (NP (NP a minimum five-cent change )NP (PP in (NP (NP actual earnings )NP (PP per (NP share )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP (ADJP Estimated and actual )ADJP results )NP (VP involving (NP losses )NP )VP )NP (VP are (VP omitted )VP )VP . )S  STOP
(S (NP The percent difference )NP (VP compares (NP actual profit )NP (PP with (NP (NP the 30-day estimate )NP (SBAR (WHADVP where )WHADVP (S (NP (QP at least three )QP analysts )NP (VP have (VP issues (NP forecasts )NP (PP in (NP the past 30 days )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (ADVP Otherwise )ADVP , (NP actual profit )NP (VP is (VP compared (PP with (NP the 300-day estimate )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC S.A. )NP , (NP Paris )NP , )NP (VP said (SBAR (S (NP it )NP (VP completed (NP (NP the purchase )NP (PP of (NP (NP the specialty chemicals operation )NP (PP of (NP (NP *UNKC Corp. )NP , (NP a British (UCP mining and industrial )UCP group )NP )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP a chemical and pharmaceutical company )NP , )NP (VP said (SBAR (S (NP *UNKC *UNKC )NP (VP has (NP (NP annual sales )NP (PP of (NP (QP about $ 900 million )QP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP did n't (VP release (NP (NP terms )NP (PP of (NP the transaction )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP (NP Consumer spending )NP (PP in (NP Britain )NP )PP )NP (VP (VP rose (NP 0.1 % )NP (PP in (NP the third quarter )NP )PP (PP from (NP the second quarter )NP )PP )VP and (VP was (ADVP up (NP 3.8 % )NP (PP from (ADVP (NP a year )NP ago )ADVP )PP )ADVP )VP )VP )S , (NP the Central *UNKC Office )NP (VP estimated (NP Friday )NP )VP . )S  STOP
(S (NP (NP A group )NP (PP including (NP (NP (NP *UNKC E. Phillips )NP , (NP (NP former chairman )NP (PP of (NP *UNKC Corp. )NP )PP )NP , )NP and (NP (NP William S. *UNKC )NP , (NP (NP former vice chairman )NP (PP of (NP *UNKC )NP )PP )NP , )NP )NP )PP )NP (VP lowered (NP (NP its stake )NP (PP in (NP the Dallas real estate concern )NP )PP )NP (PP to (NP 7.7 % )NP )PP , (PP according (PP to (NP (NP a filing )NP (PP with (NP the Securities and Exchange Commission )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP The group )NP (VP said (SBAR (S (NP it )NP (VP sold (NP *UNKN *UNKC common shares )NP (PP (PP from (NP Sept. 5 )NP )PP (PP to (NP Oct. 5 )NP )PP )PP (PP for (NP (NP (NP *UNKN cents )NP (PP to (NP 25 cents )NP )PP )NP (NP a share )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The filing )NP (VP said (SBAR (S (NP the group )NP (VP continues (S (VP to (VP hold (NP *UNKN remaining shares )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Eastman Kodak Co. )NP , (S (VP seeking (S (VP to (VP position (NP itself )NP (PP in (NP the (ADJP potentially huge )ADJP *UNK- television market )NP )PP )VP )VP )S )VP )S , (VP unveiled (NP (NP a *UNK )NP (SBAR (WHNP that )WHNP (S (VP can (VP transform (NP conventional *UNK- film )NP (PP into (NP high-definition video )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The move )NP (ADVP also )ADVP (VP helps (S (NP the (NAC Rochester , N.Y. , )NAC *UNK giant )NP (VP ensure (SBAR that (S (NP (NP its *UNK- film business )NP -- (SBAR (WHPP for (WHNP which )WHNP )WHPP (S (NP it )NP (VP holds (NP a *UNK *UNKLY )NP , (S (VP *UNKING (NP every Hollywood movie company )NP )VP )S )VP )S )SBAR -- )NP (VP is n't (VP made (S (ADJP *UNK )ADJP )S (PP by (NP the *UNK HDTV business )NP )PP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (SBAR While (S (NP the *UNK *UNK )NP (VP is (ADJP costly )ADJP )VP )S )SBAR , (NP it )NP (VP 's (VP being (VP *UNKED (PP by (NP the *UNK HDTV industry )NP )PP (PP as (NP (NP a way )NP (PP of (S (VP increasing (NP (NP the number )NP (PP of (NP high-quality shows )NP )PP (SBAR (WHNP that )WHNP (S (VP can (VP be (VP seen (PP on (NP the new medium )NP )PP )VP )VP )VP )S )SBAR )NP )VP )S )PP )NP )PP )VP )VP )VP . )S  STOP
(SINV `` (S (NP The industry )NP (VP has (VP been (VP waiting (PP with (NP *UNKED *UNK )NP )PP (SBAR for (S (NP the machines )NP (VP to (VP come (ADVP along )ADVP )VP )VP )S )SBAR )VP )VP )VP )S , '' (VP says )VP (NP (NP David *UNKC )NP , (NP (NP president )NP (PP of (NP (NP *UNKC *UNKC Five *UNKC Inc. )NP , (NP (NP a New York *UNK )NP (PP in (NP high-definition programming )NP )PP )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP He )NP (VP notes (SBAR that (S (NP industry executives )NP (VP have (PP until (NP now )NP )PP (VP worried (SBAR that (S (NP they )NP (VP would (VP face (NP (NP a severe shortage )NP (PP of (NP programs )NP )PP )NP (SBAR once (S (NP consumers )NP (VP begin (S (VP replacing (NP their TV sets )NP (PP with (NP *UNKC )NP )PP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Japanese electronic giants )NP , (PP such as (NP (NP Sony Corp. )NP and (NP Hitachi Ltd. )NP )NP )PP , )NP (VP have (VP (VP focused (ADVP almost entirely )ADVP (PP on (NP HDTV hardware )NP )PP )VP , and (VP (ADVP virtually )ADVP ignored (NP (NP software )NP or (NP (NP programs )NP (VP shot (PP in (NP high-definition )NP )PP )VP )NP )NP )VP )VP )VP . )S  STOP
(S And (NP (NP only a handful )NP (PP of (NP small U.S. companies )NP )PP )NP (VP are (VP engaged (PP in (NP high-definition software development )NP )PP )VP )VP . )S  STOP
(S (NP It )NP (VP 's (VP estimated (SBAR that (S (NP (NP (QP just about 250 )QP hours )NP (PP of (NP *UNK programming )NP )PP )NP (VP is (ADJP currently available (PP for (NP airing )NP )PP )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Kodak )NP (VP says (SBAR (S (NP its new *UNKC HDTV *UNK )NP (VP will (VP help (S (VP *UNK (NP the problem )NP (PP by (S (VP allowing (S (NP *UNK and *UNK )NP (VP to (VP convert (NP (NP movies and television programs )NP (VP shot (PP in (NP *UNK *UNK- film )NP )PP )VP )NP (PP into (NP high-definition video )NP )PP )VP )VP )S )VP )S )PP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Consumers )NP (VP will (VP be (ADJP able (S (VP to (VP (VP switch (PRT on )PRT (NP their HDTV sets )NP )VP and (VP get (NP (NP all the *UNKING benefits )NP (SBAR (S (NP the high-tech medium )NP (VP offers )VP )S )SBAR )NP )VP )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (ADVP Otherwise )ADVP , (NP they )NP (VP 'd (VP be (VP watching (NP (NP programs )NP (SBAR (WHNP that )WHNP (S (VP are (ADJP no different (PP in (NP quality )NP )PP (PP from (SBAR (WHNP what )WHNP (S (NP they )NP (ADVP currently )ADVP (VP view (PP on (NP color *UNKC )NP )PP )VP )S )SBAR )PP )ADJP )VP )S )SBAR )NP )VP )VP )VP . )S  STOP
(SINV (S (NP It )NP (VP would (VP be (PP like `` (S (VP watching (NP a (ADJP black and white )ADJP movie )NP (PP on (NP a color TV set )NP )PP )VP )S )PP )VP )VP )S , '' (VP says )VP (NP (NP Malcolm G. *UNKC )NP , (NP (NP chairman )NP (PP of (NP (NP the film and video department )NP (PP at (NP (NP the Rochester Institute )NP (PP of (NP Technology )NP )PP )NP )PP )NP )PP )NP )NP . )SINV  STOP
(SINV (S (NP The new *UNK )NP (VP are `` (NP (NP a critical link )NP (PP between (NP (NP film )NP and (NP the television *UNK )NP )NP )PP )NP )VP )S , '' (VP says )VP (NP (NP *UNKC D. *UNKC )NP , (NP (NP (NP vice president )NP and (NP general manager )NP )NP (PP of (NP (NP Kodak 's )NP *UNKC *UNKC and *UNKC Products division )NP )PP )NP )NP . )SINV  STOP
(S (S (NP Kodak )NP (VP wo n't (VP disclose (UCP (NP the cost )NP or (SBAR (WHADVP when )WHADVP (S (NP its *UNK )NP (VP will (VP be (PP on (NP the market )NP )PP )VP )VP )S )SBAR )UCP )VP )VP )S , but (S (NP it )NP (VP 's (VP estimated (SBAR (S (NP the machine )NP (VP may (VP be (ADJP available )ADJP (PP within (NP two years )NP )PP )VP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (NP (NP A similar machine )NP (RRC (ADVP already )ADVP (PP on (NP the market )NP )PP )RRC , (VP made (PP by (NP (NP *UNKC *UNKC Ltd. )NP , (NP (NP a unit )NP (PP of (NP *UNKC *UNKC )NP )PP )NP )NP )PP )VP , )NP (VP costs (NP (QP about $ 500,000 )QP )NP )VP . )S  STOP
(S (S And (NP the potential market )NP (VP is (ADJP tremendous )ADJP )VP )S , (NP industry experts )NP (VP say )VP . )S  STOP
(S (SBAR If (S (NP HDTV )NP (VP takes (PRT off )PRT (PP in (NP the U.S. )NP )PP )VP )S )SBAR , (NP there )NP (VP will (VP be (NP (NP demand )NP (PP for (NP (NP (QP some 4,000 to 5,000 )QP HDTV *UNK )NP , (VP known (PP in (NP the industry )NP )PP (PP as (NP *UNK )NP )PP )VP )NP )PP )NP )VP )VP . )S  STOP
(S (NP Demand )NP (VP will (VP (VP come (ADVP first )ADVP (PP from (NP programming production companies )NP )PP )VP and (VP (ADVP then )ADVP (PP from (NP television stations )NP )PP )VP )VP )VP . )S  STOP
(SINV `` (S (NP The *UNK )NP (VP is (PP (NP head and *UNK )NP above (NP (NP anything else )NP (SBAR (S (NP I )NP (VP 've (VP seen )VP )VP )S )SBAR )NP )PP )VP )S , '' (VP says )VP (NP (NP Richard J. *UNKC )NP , (NP (NP (NP vice president )NP - (NP engineering and development )NP )NP (PP at (NP (NP MCA Inc. 's )NP *UNKC City *UNKC )NP )PP )NP )NP . )SINV  STOP
(S And (NP (NP Mr. *UNKC )NP , (NP the program producer )NP , )NP (VP contends (SBAR that (S (NP (NP Kodak 's )NP move )NP (VP is `` (NP a sound marketing decision )NP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP ca n't (VP afford (S (VP to (VP stay (ADVP out (PP of (NP HDTV )NP )PP )ADVP )VP )VP )S )VP )VP . '' )S  STOP
(S (ADVP Indeed )ADVP , (NP the stakes )NP (VP are (ADJP high )ADJP )VP . )S  STOP
(S (NP The U.S. electronics industry )NP (VP estimates (SBAR that (S (NP the HDTV market )NP (VP will (VP total (NP (QP about $ 150 billion )QP )NP (PP over (NP the next two decades )NP )PP , (SBAR with (S (NP an additional (QP $ 400 billion )QP )NP (VP expected (S (VP to (VP go (PP for (NP related products )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP break (PRT down )PRT (NP images )NP (PP into (NP (NP (QP more than *UNKN )QP lines )NP , (VP compared (PP with (NP (NP *UNKN )NP (PP for (NP (NP today 's )NP *UNK )NP )PP )NP )PP )VP )NP )PP , (S (VP providing (NP (ADJP considerably *UNK )ADJP detail )NP )VP )S )VP . )S  STOP
(S And (NP the sets )NP (VP are (ADJP wider )ADJP , (S (VP *UNKING (NP (NP the *UNK )NP (PP of (NP a movie screen )NP )PP )NP )VP )S )VP . )S  STOP
(UCP (S But (NP the financial *UNK )NP (VP are n't (VP expected (ADVP soon )ADVP )VP )VP )S , nor (SINV are (NP they )NP (VP guaranteed )VP )SINV . )UCP  STOP
(S (NP *UNKC )NP (VP estimate (SBAR (S (NP (NP the first sets )NP (PP of (NP *UNKC )NP )PP )NP (VP (VP wo n't (VP be (ADJP available )ADJP (PP for (NP another (QP five to 10 )QP years )NP )PP )VP )VP , and (VP will (ADVP probably )ADVP (VP retail (PP for (NP (NP (QP more than $ 3,000 )QP )NP (NP each )NP (PP in (NP (NP today 's )NP dollars )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Some critics )NP (VP say (SBAR (S (NP they )NP (VP wo n't (VP be (ADVP quickly )ADVP (VP embraced (PP by (NP consumers )NP )PP (PP because of (NP the high price )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Nevertheless )ADVP , (NP Kodak )NP (VP could n't (VP risk (S (VP letting (S (NP HDTV )NP (VP turn (NP its *UNK- film business )NP (PP into (NP a *UNK )NP )PP )VP )S )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP Kodak )NP (VP understands (SBAR (S (NP HDTV )NP (VP is (SBAR (WHADVP where )WHADVP (S (NP everybody )NP (VP is (VP going )VP )VP )S )SBAR )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP *UNKC 's )NP Mr. *UNKC )NP . )SINV  STOP
(S (NP Yet another political scandal )NP (VP is (VP *UNKING (NP Japan )NP )VP )VP . )S  STOP
(S But (NP this time )NP (NP it )NP (VP 's (VP hurting (NP (NP opposition )NP (CONJP as well as )CONJP (NP *UNK- members )NP )NP )VP )VP . )S  STOP
(S And (SBAR as (S (NP it )NP (VP *UNK )VP )S )SBAR , (NP it )NP (VP 's (VP *UNKING (NP (NP some )NP (PP of (NP (NP the (ADJP (ADJP more *UNKED )ADJP and (ADJP *UNK )ADJP )ADJP aspects )NP (PP of (NP Japanese society )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (ADVP Already )ADVP , (NP ruling *UNKC Democratic Party demands (SBAR that (S (NP opposition members )NP (VP testify (PP under (NP *UNK )NP )PP (PP in (NP *UNK )NP )PP )VP )S )SBAR )NP (VP have (VP (VP stalled (NP one budget committee session )NP )VP and (VP forced (S (NP the committee )NP (VP to (VP plan (NP (NP a special two-day investigation )NP (PP at (NP (NP the end )NP (PP of (NP the month )NP )PP )NP )PP )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S But (NP (NP the scandal )NP (NP itself )NP )NP (VP is (ADJP so *UNKED (SBAR that (S (NP *UNK- members )NP (VP are (VP divided (PP between (NP (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP want (S (VP to (VP pursue (NP the matter )NP (PP in (NP (NP hope )NP (PP of (S (VP *UNKING (NP the opposition )NP )VP )S )PP )NP )PP )VP )VP )S )VP )S )SBAR )NP and (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP favor (S (VP leaving (ADVP well enough )ADVP (ADVP alone )ADVP )VP )S )VP )S )SBAR )NP )NP )PP )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(SINV `` (S (NP The opposition )NP (VP can (VP be (VP (NP the most )NP hurt (SBAR because (S (NP everyone )NP (ADVP already )ADVP (VP figures (SBAR (S (NP the LDP )NP (VP is (NP (NP that kind )NP (PP of (NP *UNK )NP )PP )NP )VP )S )SBAR )VP )S )SBAR )VP )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP (NP former aide )NP (PP to (NP LDP *UNK *UNKC *UNKC )NP )PP )NP and (NP (ADVP now )ADVP an independent analyst )NP )NP )NP . )SINV  STOP
(S But , (NP he )NP (VP adds , `` (S (NP We )NP (VP ca n't (VP tell (SBAR (WHADVP where )WHADVP (S (NP it )NP (VP will (VP go )VP )VP )S )SBAR (ADVP at all )ADVP (SBAR because (S (NP we )NP (VP 're (ADVP still )ADVP (PP in (NP (NP the middle )NP (PP of (NP it )NP )PP )NP )PP )VP )S )SBAR )VP )VP )S )VP . '' )S  STOP
(S (NP This time )NP , (NP the scandal )NP (VP centers (PP on (NP (NP donations )NP (VP made (PP by (NP the *UNK- *UNK *UNK industry )NP )PP )VP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP (NP a kind )NP (PP of (NP *UNK )NP )PP )NP , )NP (VP is (NP (NP (NP Japan 's )NP favorite form )NP (PP of (NP legal gambling )NP )PP )NP )VP . )S  STOP
(S (NP The donations )NP (ADVP so far )ADVP (VP appear (S (VP to (VP be (ADJP small )ADJP )VP )VP )S , (PP (ADVP especially )ADVP compared (PP with (NP (NP the huge *UNK )NP (SBAR (WHNP that )WHNP (S (VP changed (NP hands )NP (PP in (NP (NP the *UNKC Co . *UNKING scandal )NP (SBAR (WHNP that )WHNP (S (VP *UNKED (NP the ruling party )NP (NP last year )NP )VP )S )SBAR )NP )PP )VP )S )SBAR )NP )PP )PP )VP . )S  STOP
(S But (NP the implications )NP (VP could (VP be (ADJP great )ADJP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (UCP (PP (ADVP slightly )ADVP on (NP the *UNK side )NP )PP , (VP (ADVP often )ADVP linked (PP to (NP (NP the lower ranks )NP (PP of (NP (NP Japan 's )NP *UNK )NP )PP )NP )PP )VP and (PP (ADVP regularly )ADVP at (NP (NP the top )NP (PP of (NP (NP annual lists )NP (PP of (NP tax *UNK )NP )PP )NP )PP )NP )PP )UCP )VP . )S  STOP
(S (S (ADVP Recently )ADVP (NP the industry )NP (VP has (VP faced (NP (NP the threat )NP (PP of (NP new restrictions )NP )PP )NP )VP )VP )S , and (S (NP political donations )NP (VP may (VP have (VP been (VP made (PP with (NP the intent (S (VP to (VP *UNK )VP )VP )S )NP )PP )VP )VP )VP )VP )S . )S  STOP
(S (ADVP Also )ADVP , (S (NP (NP (QP about 60 )QP % )NP (PP of (NP *UNK *UNK owners )NP )PP )NP (VP are (ADJP Korean )ADJP , (SBAR (WHNP (WHNP many )WHNP (WHPP of (WHNP whom )WHNP )WHPP )WHNP (S (VP maintain (NP (NP close ties )NP (PP with (NP (NP (ADJP North or South Korean )ADJP residents ' )NP organizations )NP )PP )NP )VP )S )SBAR )VP )S , and (S (NP (NP donations )NP (PP by (NP such foreign groups )NP )PP )NP (VP are (ADJP illegal )ADJP (PP in (NP Japan )NP )PP )VP )S . )S  STOP
(S (PP To (NP many Japanese )NP )PP , (NP pachinko )NP (VP is (ADJP (ADJP *UNK )ADJP or (ADJP *UNKLY *UNK )ADJP )ADJP )VP . )S  STOP
(S (NP *UNKC *UNK pachinko *UNK )NP (VP *UNK (PP from (NP (NP the (NX (NX main streets )NX and (NX narrow *UNK )NX )NX )NP (PP of (NP (NP cities and *UNK )NP (PP across (NP the country )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP pass (NP hours )NP , (S (VP (VP watching (S (NP the *UNK )NP (VP *UNK )VP )S )VP and (VP listening (SBAR to (S (NP the metal *UNK )NP (VP *UNKING )VP )S )SBAR )VP )VP )S , (S (ADVP (ADVP as much )ADVP )ADVP (VP to (VP gamble )VP )VP (PP as (VP to (VP get (NP (NP a little time )NP (SBAR (S (VP to (VP be (ADJP *UNK )ADJP , (ADVP alone (PP with (NP their *UNK )NP )PP )ADVP )VP )VP )S )SBAR )NP )VP )VP )PP )S )VP . )S  STOP
(S (PP At (NP (NP 500 yen )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN (PP for (NP (NP a handful )NP (PP of (NP *UNK )NP )PP )NP )PP )NP )PP , (NP pachinko )NP (VP (VP is (NP a common *UNK )NP )VP , and (VP has (VP been (SBAR since (S (NP it )NP (VP took (NP *UNK )NP (PP as (NP cheap entertainment )NP )PP (PP in (NP (NP the years )NP (PP after (NP World War II )NP )PP )NP )PP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S But (NP (NP the total )NP (PP of (NP all those *UNKING *UNK )NP )PP )NP (VP has (VP created (NP (NP an industry )NP (PP with (NP (NP a reported annual income )NP (PP of (NP (NP (NP (QP 13 trillion )QP yen )NP (PRN -LRB- (NP (QP almost $ 92 billion )QP )NP -RRB- )PRN )NP , or (NP (NP nearly the size )NP (PP of (NP (NP Japan 's )NP *UNKED automobile industry )NP )PP )NP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S And (SBAR because (S (NP the pachinko industry )NP (VP is (ADVP regularly )ADVP (PP at (NP (NP the top )NP (PP of (NP (NP annual lists )NP (PP for (NP tax *UNK )NP )PP )NP )PP )NP )PP )VP )S )SBAR , (NP some observers )NP (VP estimate (SBAR (S (NP the real income )NP (VP could (VP be (NP (QP as much as 20 trillion )QP yen )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR If (S (NP that money )NP (VP were (VP being (VP *UNKED )VP )VP )VP )S )SBAR , (NP it )NP (VP could (VP bring (NP the government )NP (NP a (ADJP badly needed )ADJP (QP several trillion )QP yen )NP )VP )VP . )S  STOP
(S (PP In (NP 1984 )NP )PP , (NP an attempt )NP (VP was (VP made (S (VP to (VP crack (PRT down )PRT (PP on (NP the industry )NP )PP (PP with (NP tougher restrictions )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP Then )ADVP , (PP in (NP 1988 )NP )PP , (NP a proposal (S (VP to (VP keep (NP better track )NP (PP of (NP income )NP )PP (PP by (S (VP selling (NP (NP *UNK cards )NP (PP for (NP pachinko )NP )PP )NP )VP )S )PP )VP )VP )S )NP (VP was (VP *UNKED (PP in (NP parliament )NP )PP )VP )VP . )S  STOP
(S (S (NP The proposal )NP (VP split (NP the industry )NP (PP in (NP two )NP )PP , (PP along (NP (NP the lines )NP (PP of (NP national *UNK )NP )PP )NP )PP )VP )S : (S (NP North *UNKC )NP (VP oppose (NP the plan )NP (SBAR while (S (NP (NP South *UNKC )NP , (NP Japanese )NP and (NP *UNKC )NP )NP (VP (VP accept (NP it )NP )VP or (VP are (ADJP *UNK )ADJP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (PP In (NP August )NP )PP , (NP a conservative weekly magazine )NP (VP reported (SBAR that (S (NP a pachinko industry organization )NP (VP donated (NP money )NP (PP to (NP Japan Socialist Party members )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The magazine )NP (VP alleged (SBAR that (S (PP in (S (VP making (NP the donations )NP )VP )S )PP , (S (NP the pachinko industry )NP (VP may (VP have (VP been (VP offering (NP (NP *UNK )NP (SBAR (S (VP to (VP win (NP support )NP (PP in (NP (NP the battle )NP (PP against (NP *UNK cards )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP )VP )VP )S , or (S (NP it )NP (VP may (VP have (VP been (VP *UNKING (NP money )NP (ADVP back and forth )ADVP (PP between (NP (NP the *UNKC )NP and (NP (NP (NP the (ADJP North Korean )ADJP residents ' )NP organization )NP , (NP the *UNKC *UNKC )NP )NP )NP )PP )VP )VP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (NP (NP The *UNKC *UNKC )NP and (NP the *UNKC )NP )NP (ADVP immediately )ADVP (VP denied (NP the report )NP )VP . )S  STOP
(S And (PP at (ADJP first )ADJP )PP , (NP neither (NP the opposition )NP nor (NP the LDP )NP )NP (VP wanted (S (VP to (VP pursue (NP the issue )NP )VP )VP )S )VP . )S  STOP
(S But (S (NP the press )NP (VP kept (S (NP it )NP (ADJP alive )ADJP )S )VP )S ; (S (PP as (PP with (NP the *UNKC scandal )NP )PP )PP , (NP (NP lists )NP )NP (VP began (S (VP circulating )VP )S (PP with (NP (NP names )NP (PP of (NP (NP people )NP (SBAR (WHNP who )WHNP (S (VP had (VP received (NP money )NP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )S . )S  STOP
(S (PP Within (NP (NP a matter )NP (PP of (NP weeks )NP )PP )NP )PP , (NP *UNK- magazines )NP (VP reported (SBAR that (S (NP (NP members )NP (PP of (NP the ruling LDP )NP )PP )NP (VP had (VP received (NP (ADJP much larger )ADJP donations )NP (PP from (NP pachinko organizations )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP So far )ADVP , (ADVP though )ADVP , (NP there )NP (VP have (VP been (NP no allegations (SBAR that (S (NP (NP the contributions )NP (SBAR (S (NP the LDP members )NP (VP received )VP )S )SBAR )NP (VP amounted (PP to (NP *UNK )NP )PP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (S (ADVP Then )ADVP (NP the two *UNK )NP (VP *UNKED (NP the *UNK )NP )VP )S : (S (NP Reports (SBAR that (S (NP *UNKC *UNKC )NP (VP had (VP donated (ADVP directly )ADVP (PP to (NP *UNKC members )NP )PP )VP )VP )S )SBAR )NP (VP were (ADVP rapidly )ADVP (VP *UNKED (PP by (NP statements (SBAR that (S (NP (NP the (ADJP South Korean )ADJP residents ' )NP organization )NP (VP had (ADVP long )ADVP (VP been (VP *UNKING (ADVP directly )ADVP (PP to (NP LDP members )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )VP )S . )S  STOP
(S (NP The *UNKC )NP (VP (VP admitted (NP Oct. 13 )NP (SBAR that (S (NP its members )NP (VP received (NP (QP about eight million )QP yen )NP (PP from (NP the pachinko organization )NP )PP )VP )S )SBAR )VP , and (VP (VP charged (NP LDP members )NP (PP with (S (VP receiving (NP (NP (QP 125 million )QP yen )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN )NP )VP )S )PP )VP and (VP (NP other opposition parties )NP (PP with (S (VP taking (NP (QP about 2.5 million )QP yen )NP )VP )S )PP )VP )VP )VP . )S  STOP
(S (PP On (NP Friday )NP )PP , (NP the chief cabinet secretary )NP (VP announced (SBAR that (S (NP eight cabinet ministers )NP (VP had (VP received (NP five million yen )NP (PP from (NP the industry )NP )PP , (PP including (NP (NP *UNKN yen )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN (PP by (NP Prime Minister *UNKC *UNKC )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP No one )NP (VP has (VP alleged (SBAR that (S (NP the donations )NP (VP were (PP by (NP themselves )NP )PP (ADJP illegal )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP (NP Direct donations )NP (PP from (NP (NP either )NP (PP of (NP (NP the residents ' )NP organizations )NP )PP )NP )PP )NP (VP would (VP be (ADJP illegal )ADJP (SBAR because (S (NP the groups )NP (VP are (VP defined (PP as (ADJP foreign )ADJP )PP )VP )VP )S )SBAR )VP )VP )S , but (S (NP both groups )NP (VP deny (S (VP making (NP direct donations )NP )VP )S )VP )S . )S  STOP
(S (NP They )NP (VP say (SBAR (S (NP it )NP (VP *UNK (ADJP possible (SBAR (S (NP (NP some )NP (PP of (NP their members )NP )PP )NP (VP may (VP be (VP *UNKING (ADVP privately )ADVP )VP )VP )VP )S )SBAR )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP The issue )NP (VP is (ADVP further )ADVP (VP complicated (SBAR because (S (SBAR although (S (NP the organizations )NP (VP represent (NP Korean residents )NP )VP )S )SBAR , (S (NP those residents )NP (VP were (ADVP largely )ADVP (VP born and raised (PP in (NP Japan )NP )PP )VP )VP )S and (S (NP many )NP (VP speak (NP only Japanese )NP )VP )S )S )SBAR )VP )VP . )S  STOP
(S (SBAR That (S (NP they )NP (VP retain (NP Korean *UNK and ties )NP )VP )S )SBAR (VP is (NP (NP a *UNK )NP (PP of (NP (NP (NP history )NP (PRN -- (S (NP their parents )NP (VP were (VP shipped (PRT in )PRT (PP as (NP *UNK )NP )PP (PP during (NP (NP the decades )NP (SBAR (WHADVP when )WHADVP (S (NP Japan )NP (VP *UNKED (NP Korea )NP (PP before (NP World War II )NP )PP )VP )S )SBAR )NP )PP )VP )VP )S -- )PRN )NP and (NP (NP the discrimination )NP (SBAR (WHNP that )WHNP (S (ADVP still )ADVP (VP faces (NP *UNKC )NP (PP in (NP Japanese society )NP )PP )VP )S )SBAR )NP )NP )PP )NP )VP . )S  STOP
(S (NP Many Japanese )NP (VP think (S (NP (NP it )NP )NP (ADJP only natural )ADJP (SBAR that (S (NP (NP the organizations )NP or (NP their members )NP )NP (VP would (VP *UNK (PP to (NP politicians )NP )PP , (NP (NP the way )NP (SBAR (S (NP many Japanese )NP (VP do )VP )S )SBAR )NP , (S (VP to (VP win (NP favor or support )NP )VP )VP )S )VP )VP )S )SBAR )S )VP . )S  STOP
(S (NP Both (NP residents ' )NP organizations )NP (VP admit (PP to (S (VP receiving (NP some funding )NP (PP from (NP abroad )NP )PP )VP )S )PP )VP . )S  STOP
(S But (NP (NP LDP members )NP and (NP (NP supporters )NP (PP of (NP the *UNK card idea )NP )PP )NP )NP (VP tend (S (VP to (VP speak (PP in (NP *UNK )NP )PP (PP about (NP (NP the *UNKC 's )NP alleged donations )NP )PP , (S (VP *UNKING (SBAR that (S (NP (ADJP North Korean )ADJP money )NP (VP would (VP be (ADJP (ADJP more suspect )ADJP (PP than (NP (ADJP South Korean )ADJP )NP )PP )ADJP (SBAR because (S (S (NP North Korea )NP (VP is (ADJP communist )ADJP )VP )S and (S (NP South Korea )NP (VP is (NP an ally )NP )VP )S )S )SBAR )VP )VP )S )SBAR )VP )S )VP )VP )S )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP Robert McDuffie )NP (VP was (NP 14 )NP )VP )S )SBAR , (NP he )NP (VP got (NP a chance (S (VP to (VP play (PP in (NP the starting *UNK )NP )PP (PP for (NP (NP his high school basketball team )NP (PP in (NP (NP *UNKC )NP , (NP *UNK )NP )NP )PP )NP )PP )VP )VP )S )NP )VP . )S  STOP
(S (ADVP Unfortunately )ADVP , (S (NP his mother )NP (VP had (NP (NP tickets )NP (PP for (NP (NP a *UNK )NP (PP by (NP *UNKC Perlman )NP )PP (NP the same night )NP )NP )PP )NP )VP )S , and (S (NP she )NP (VP was (ADJP *UNK (PP about (NP his attending )NP )PP )ADJP )VP )S . )S  STOP
(SINV `` (S (NP I )NP (VP threw (NP such a fit )NP )VP )S , '' (VP says )VP (NP (NP Mr. McDuffie )NP , (SBAR (WHNP who )WHNP (S (VP had (VP begun (NP *UNK studies )NP (PP at (NP (NP the age )NP (PP of (NP six )NP )PP )NP )PP )VP )VP )S )SBAR )NP . )SINV  STOP
(S `` But (SBAR once (S (NP Perlman )NP (VP started (S (VP playing )VP )S )VP )S )SBAR , (NP I )NP (VP did n't (VP give (NP a *UNK )NP (PP about (NP basketball )NP )PP )VP )VP ... . )S  STOP
(S (ADVP *UNKC )ADVP , (NP I )NP (VP (VP went (ADVP home )ADVP )VP and (VP practiced (PP for (NP three hours )NP )PP )VP )VP . '' )S  STOP
(S (NP Today )NP , (NP (NP it )NP )NP (VP 's (ADJP obvious )ADJP (SBAR that (S (NP the *UNK , (ADJP *UNK- , *UNK- )ADJP *UNK )NP (VP made (NP the right choice )NP )VP )S )SBAR )VP . )S  STOP
(S (PP At (NP 31 )NP )PP , (NP Mr. McDuffie )NP (VP has (NP (NP a rich , *UNKED tone )NP , (NP an *UNK *UNK precision )NP and (NP an (ADJP increasingly busy )ADJP schedule )NP )NP )VP . )S  STOP
(S (NP He )NP (VP 's (ADVP currently )ADVP (PP in (NP (NP the midst )NP (PP of (NP (NP a *UNK- U.S. tour )NP (PP with (NP (NP *UNKC *UNKC )NP and (NP the Warsaw *UNKC )NP )NP )PP , (PP with (NP (NP *UNK )NP (PP including (NP (NP (NP (NP Charleston )NP , (NP *UNKC . )NP )NP (PRN -LRB- (NP Oct. 25 )NP -RRB- )PRN )NP , (NP (NP (NP *UNKC )NP , (NP *UNKC . )NP )NP (PRN -LRB- (NP Oct. 28 )NP -RRB- )PRN )NP , (NP (NP (NP *UNKC )NP , (NP *UNKC . )NP )NP (PRN -LRB- (NP Oct. 29 )NP -RRB- )PRN )NP and (NP (NP Miami )NP (PRN -LRB- (NP Oct. 31 )NP -RRB- )PRN )NP )NP )PP )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Later this season )NP (NP he )NP (VP (VP gives (NP a *UNK )NP (PP at (NP (NP Washington 's )NP Kennedy Center )NP )PP )VP , and (VP appears (PP as (NP *UNK )NP )PP (PP with (NP several major *UNK )NP )PP )VP )VP . )S  STOP
(S Yet (NP (NP Mr. McDuffie 's )NP career )NP (VP has (VP developed (PP at (NP (NP a slower pace )NP (PP than (NP (NP those )NP (PP of (NP (NP some )NP (PP of (NP his (ADJP better known )ADJP *UNK )NP )PP )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP During (NP the late 1970s )NP )PP , (NP he )NP (VP was (NP (NP part )NP (PP of (NP (NP a musical `` *UNK pack '' )NP -- (NP (NP a group )NP (PP of (NP (NP *UNKING *UNK )NP (SBAR (WHNP who )WHNP (S (VP studied (PP at (NP the *UNKC School )NP )PP (PP with (NP the noted *UNK *UNKC *UNKC )NP )PP )VP )S )SBAR )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (NP His *UNK *UNK )NP (VP included (NP (NP (NP *UNKC *UNKC )NP , (NP (NP a *UNK )NP (PP of (NP *UNKC *UNKC )NP )PP (SBAR (WHNP who )WHNP (S (VP performed (PP with (NP major *UNK )NP )PP (PP while (NP still a student )NP )PP )VP )S )SBAR )NP )NP ; (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP joined (NP (NP the *UNK )NP (PP of (NP *UNKC *UNKC Inc. )NP )PP )NP (PP at (NP (NP the age )NP (PP of (NP 18 )NP )PP )NP )PP )VP )S )SBAR )NP ; and (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP launched (NP her career )NP (PP by (S (VP winning (NP the 1981 *UNKC *UNKC )NP )VP )S )PP )VP )S )SBAR )NP )NP )VP . )S  STOP
(SINV `` (S (NP I )NP (VP thought (SBAR (S (NP I )NP (VP was (PP over (NP the *UNK )NP )PP (PP at (NP 22 )NP )PP )VP )S )SBAR )VP )S , '' (VP recalls )VP (NP (NP Mr. McDuffie )NP , (NP (NP an *UNKING man )NP (PP with (NP (NP (ADJP *UNK blue )ADJP eyes )NP and (NP a light Southern *UNK )NP )NP )PP )NP )NP . )SINV  STOP
(S `` But (NP I )NP (VP was n't (ADJP ready (PP for (NP a career )NP )PP )ADJP (PP at (NP that time )NP )PP )VP . '' )S  STOP
(S (NP (NP Young McDuffie 's )NP first *UNK *UNK )NP (VP was (NP (NP *UNKC *UNKC )NP , (NP (NP a *UNKC *UNK )NP (SBAR (WHNP who )WHNP (S (VP taught (PP in (NP the *UNKC public school system )NP )PP )VP )S )SBAR )NP )NP )VP . )S  STOP
(SINV `` (S (NP He )NP (VP taught (NP me )NP (SBAR (WHADVP how )WHADVP (S (VP to (VP play (PP like (NP a *UNK )NP )PP )VP )VP )S )SBAR )VP )S , '' (VP jokes )VP (NP the *UNK )NP . )SINV  STOP
(S `` (NP I )NP (VP did n't (VP learn (S (VP to (VP count )VP )VP )S (SBAR until (S (NP I )NP (VP got (PP to (NP *UNKC )NP )PP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (PP After (NP (NP studies )NP (PP at (NP (NP that *UNK 's )NP *UNKC Division )NP )PP (PP with (NP (NP an assistant )NP (PP to (NP the *UNK *UNK *UNKC *UNKC )NP )PP )NP )PP )NP )PP , (NP he )NP (VP switched (PP at (NP the college level )NP )PP (PP to (NP (NP Miss *UNKC )NP , (NP (NP (NP Mr. *UNKC 's )NP longtime assistant )NP and (PRN , (ADVP ultimately )ADVP , )PRN (NP his rival )NP )NP )NP )PP )VP . )S  STOP
(SINV `` (S (NP I )NP (VP think (SBAR (S (NP I )NP (VP had (S (VP to (VP prove (NP myself )NP (PP to (NP her )NP )PP )VP )VP )S )VP )S )SBAR )VP )S , '' (VP says )VP (NP Mr. McDuffie )NP . )SINV  STOP
(S `` But (NP she )NP (VP was (ADVP always )ADVP (ADJP encouraging )ADJP )VP . )S  STOP
(S (S (NP She )NP (ADVP only )ADVP (VP put (NP her foot )NP (PRT down )PRT (ADVP twice )ADVP )VP )S , '' (NP he )NP (VP continues )VP . )S  STOP
(S `` (PP In (NP my *UNK year )NP )PP , (NP my *UNK )NP (VP was (VP known (PP as (NP a party animal )NP )PP )VP )VP . )S  STOP
(S (NP She )NP (VP thought (SBAR (S (NP I )NP (VP was n't (VP getting (S (NP my *UNKING )NP (ADJP done )ADJP )S )VP )VP )S )SBAR )VP . '' )S  STOP
(S (SBAR As (S (NP the *UNK )NP (VP tells (NP it )NP )VP )S )SBAR , (NP his (ADJP *UNKLY looking )ADJP *UNK )NP `` (VP (VP put (NP her hands )NP (PP on (NP her *UNK )NP )PP )VP , (VP *UNKED (NP her foot )NP )VP and (VP said , ` (S (NP You )NP (VP 've (ADVP just )ADVP (VP got (S (VP to (VP get (PRN the -LCB- (S (NP *UNK )NP (VP *UNKED )VP )S -RCB- )PRN (PP out (PP of (NP there )NP )PP )PP )VP )VP )S )VP )VP )S . ' )VP )VP '' )S  STOP
(S (NP The second incident )NP (VP took (NP place )NP (SBAR after (S (NP Mr. McDuffie )NP (VP (VP gave (NP an ambitious student *UNK )NP )VP and (VP was (VP feeling (ADJP rather pleased (PP with (NP himself )NP )PP )ADJP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Miss *UNKC )NP (VP requested (SBAR that (S (NP he )NP (VP come (PP to (NP her studio )NP )PP (PP with (NP (NP a tape )NP (PP of (NP the *UNK )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP We )NP (VP *UNKED (PP to (NP the *UNKC ` *UNKC )NP )PP )VP )S (PRN , ' '' (S (NP he )NP (VP recalls )VP )S , `` )PRN and (S (NP she )NP (VP said , ` (SQ (NP You )NP (VP hear (NP (NP the first note )NP , (NP that *UNKC )NP )NP )VP )SQ )VP )S ? )S  STOP
(S (NP That )NP (VP 's (NP (NP the only note )NP (SBAR (WHNP that )WHNP (S (VP 's (ADVP truly )ADVP (PP in (NP *UNK )NP )PP )VP )S )SBAR )NP )VP ... ' . '' )S  STOP
(S `` (NP That )NP (VP 's (NP (NP the (ADJP most important )ADJP experience )NP (SBAR (S (NP I )NP (VP 've (VP had (PP with (NP any *UNK )NP )PP )VP )VP )S )SBAR )NP (PRN , '' (PRN (S (NP he )NP (VP says )VP )S )PRN , `` )PRN (SBAR because (S (NP she )NP (VP taught (NP me )NP (SBAR (WHADVP how )WHADVP (S (VP to (VP listen )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (ADVP Now )ADVP , (SBAR (WHADVP when )WHADVP (S (NP I )NP (VP play (PP with (NP *UNK )NP )PP )VP )S )SBAR , (NP the *UNK )NP (ADVP often )ADVP (VP *UNK (NP me )NP (PP on (NP my *UNK )NP )PP )VP . '' )S  STOP
(S (NP It )NP (VP was (ADVP also )ADVP (PP at (NP *UNKC )NP )PP (SBAR (WHADVP that )WHADVP (S (NP Mr. McDuffie )NP (VP discovered (NP (NP his *UNK )NP (PP for (NP (NP conservative , (ADJP *UNK- American )ADJP *UNK )NP (PP such as (NP (NP David *UNKC )NP and (NP Samuel *UNKC )NP )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (PP After (S (VP winning (NP a school competition )NP (PP with (NP (NP a performance )NP (PP of (NP (NP the latter 's )NP `` *UNKC *UNKC )NP )PP )NP )PP )VP )S )PP , '' (NP Mr. McDuffie )NP (VP was (VP invited (S (VP to (VP play (NP the work )NP (PP for (NP (NP the *UNK )NP , (SBAR (WHNP who )WHNP (S (VP was (VP *UNKING (PP of (NP cancer )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP *UNKC )NP (VP was (VP *UNKED (PP by (NP the *UNK )NP )PP (S (VP looking (ADJP very *UNK )ADJP )VP )S )VP )VP )S , '' (VP recalls )VP (NP (NP the *UNK )NP , (SBAR (WHNP who )WHNP (S (VP performed (NP the work )NP (PP with (NP a *UNK *UNK )NP )PP (PP at (NP (NP the *UNK 's )NP apartment )NP )PP )VP )S )SBAR )NP . )SINV  STOP
(S `` (S (NP He )NP (VP did n't (VP say (NP much )NP )VP )VP )S , but (S (SBAR (WHNP what )WHNP (S (NP he )NP (VP said )VP )S )SBAR (VP was (ADJP important )ADJP (SBAR because (S (NP it )NP (VP 's not (PP in (NP the score )NP )PP )VP )S )SBAR )VP )S . )S  STOP
(S (NP There )NP (VP 's (NP a *UNK , *UNKC *UNK )NP (PRN -- (S (NP he )NP (VP 'd (VP kill (NP me )NP (SBAR if (S (NP he )NP (VP heard (S (NP me )NP (VP say (NP that )NP )VP )S )VP )S )SBAR )VP )VP )S -- )PRN (PP throughout (NP the first movement )NP )PP )VP ... )S  STOP
(S (NP (NP The only time )NP (SBAR (S (NP the *UNK )NP (VP has (NP it )NP )VP )S )SBAR )NP (VP is (PP right at (NP the end )NP )PP )VP . )S  STOP
(S (S (NP It )NP (VP 's (VP written ` (NP *UNK )NP ' (PP in (NP the score )NP )PP )VP )VP )S , and (S (NP I )NP (VP played (NP it )NP (NP that way )NP , (ADVP (ADVP kind of )ADVP *UNK- )ADVP )VP )S . )S  STOP
(S And (NP he )NP (VP *UNKED (PRT out )PRT ` (FRAG (ADJP *UNK ! )ADJP (ADJP *UNK ! )ADJP )FRAG ' (PRN -LCB- ` (ADJP sweet ! sweet ! )ADJP ' -RCB- )PRN )VP . '' )S  STOP
(S `` (S (ADVP So )ADVP (NP we )NP (VP did (NP it )NP (PRT over )PRT )VP )S , '' (NP he )NP (VP adds )VP . )S  STOP
(S `` (NP I )NP (VP played (ADVP very *UNKLY )ADVP , (PP with (NP (NP the *UNK )NP (PP of (NP the *UNK )NP )PP )NP )PP )VP . )S  STOP
(S (SBAR If (S (NP a *UNK )NP (VP is (ADJP sensitive enough (SBAR (S (VP to (VP bring (PRT down )PRT (NP the *UNK (PRN -LCB- volume -RCB- )PRN )NP (PP at (NP that point )NP )PP )VP )VP )S )SBAR )ADJP )VP )S )SBAR , (NP it )NP (VP makes (S (NP the piece )NP (ADJP *UNK )ADJP )S )VP . )S  STOP
(S (NP I )NP (VP do n't (VP know (SBAR (WHADVP why )WHADVP (S (NP *UNKC )NP (ADVP never )ADVP (VP told (NP anybody else )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP On (NP (NP *UNKC *UNKC 's )NP recording )NP )PP (NP it )NP (VP 's (ADJP very *UNKING )ADJP )VP . '' )S  STOP
(S (PP Since (S (VP leaving (NP *UNKC )NP )VP )S )PP , (NP Mr. McDuffie )NP (VP has (VP made (NP (NP some smart moves )NP and (NP some controversial ones )NP )NP )VP )VP . )S  STOP
(S (NP (NP His *UNK appearance )NP (PP on (NP (NP the NBC *UNK *UNK )NP `` Another World )NP )PP )NP , '' (VP *UNKED (NP musical *UNK )NP )VP . )S  STOP
(S (PP By (NP contrast )NP )PP , (NP he )NP (VP 's (VP won (NP *UNK )NP (PP for (NP (NP his *UNK )NP (PP of (NP (NP (NP William *UNKC 's )NP `` *UNKC *UNKC )NP , '' (SBAR (WHNP which )WHNP (S (NP he )NP (ADVP recently )ADVP (VP recorded (PP for (NP *UNKC )NP )PP (PP along with (NP (NP (NP Leonard *UNKC 's )NP *UNKING `` *UNKC )NP (PP for (NP (NP *UNKC *UNKC )NP , (NP *UNKC )NP and (NP *UNKC )NP )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . '' )S  STOP
(S (NP (NP Mr. McDuffie 's )NP (NX (NX sweet tone )NX , (NX *UNK *UNK )NX and (NX *UNK *UNK )NX )NX )NP (VP make (S (NP him )NP (NP (NP an ideal *UNK )NP (PP of (NP both works )NP )PP )NP )S )VP . )S  STOP
(S (S (VP *UNKED (PP by (NP (NP the *UNK playing )NP (PP of (NP the St. Louis *UNKC )NP )PP (PP under (NP (NP Leonard *UNKC 's )NP direction )NP )PP )NP )PP )VP )S , (NP this `` *UNKC '' )NP (ADVP really )ADVP (VP swings )VP . )S  STOP
(S (NP (NP (NP Mr. *UNKC 's )NP `` *UNKC *UNKC )NP , '' (SBAR (WHNP which )WHNP (S (VP sounds (PP more like (NP (NP a (ADJP *UNKLY *UNK )ADJP *UNK )NP (PP for (NP (NP *UNK *UNK )NP (PP with (NP *UNK *UNK )NP )PP )NP )PP )NP )PP )VP )S )SBAR , )NP (VP *UNK (PP until (NP the *UNK `` *UNKC , *UNK )NP )PP )VP . '' )S  STOP
(S But (NP there )NP (VP are (NP (NP (NP *UNK *UNK )NP (PP in (NP its *UNK slow *UNK )NP )PP )NP and (NP (NP *UNK *UNK )NP (PP for (NP *UNK , *UNK and *UNK )NP )PP )NP )NP )VP . )S  STOP
(S (PP At (NP (NP Avery Fisher Hall )NP (NP here )NP )NP )PP , (NP Mr. McDuffie )NP (VP was (VP heard (ADVP recently )ADVP (PP with (NP (NP Mr. *UNKC )NP and (NP the Warsaw *UNKC )NP )NP )PP (PP in (NP (NP (ADJP more conventional )ADJP fare )NP -- (NP (NP (NP *UNKC 's )NP *UNK `` *UNKC *UNKC )NP (PP in (NP *UNK *UNKC )NP )PP )NP )NP )PP )VP )VP . '' )S  STOP
(S (NP His performance )NP (VP was (ADJP so *UNK and driven (SBAR that (S (NP the *UNK )NP (ADVP rarely )ADVP (VP *UNKED )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP The *UNK- *UNKC )NP (VP played (ADVP *UNKLY )ADVP (PP with (NP (NP a big , *UNK sound )NP (SBAR (WHNP that )WHNP (S (VP *UNKED (NP its size )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (SBAR (WHNP Whatever )WHNP (S (NP he )NP (VP plays )VP )S )SBAR , (NP Mr. McDuffie )NP (VP finds (NP satisfaction )NP (PP in (NP (NP (NP the music )NP (NP itself )NP )NP -- `` (NP (NP something )NP (ADJP (ADJP greater )ADJP )ADJP (ADVP out there )ADVP (PP than (NP me )NP )PP )NP , '' (SBAR as (S (NP he )NP (VP puts (NP it )NP (PP during (NP (NP an interview )NP (PP at (NP (NP the Manhattan apartment )NP (SBAR (S (NP he )NP (VP shares (PP with (NP (NP wife )NP , (NP *UNKC )NP , (NP a *UNK *UNK )NP )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S `` (S (NP A normal person )NP (VP did not (VP write (NP the *UNKC ` *UNKC *UNKC )NP )VP )VP )S , ' '' (NP he )NP (VP declares )VP . )S  STOP
(S `` (SBAR Even (WHADVP when )WHADVP (S (NP I )NP (VP hear (S (NP it )NP (VP played (ADVP badly )ADVP )VP )S )VP )S )SBAR , (NP I )NP (VP 'm (ADVP still )ADVP (VP *UNKED (PP by (NP the piece )NP )PP )VP )VP . )S  STOP
(S (SBAR If (S (NP I )NP (VP could (ADVP ever )ADVP (VP feel (SBAR (S (NP I )NP (VP 've (VP contributed (PP to (NP it )NP )PP (PP in (NP some way )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR , then (NP all the hard work )NP (VP has (VP been (ADJP worth (NP it )NP )ADJP )VP )VP . '' )S  STOP
(S (NP Ms. *UNKC )NP (VP is (NP (NP a *UNK- music writer )NP (PP in (NP New York )NP )PP )NP )VP . )S  STOP
(SQ Are (NP consumers )NP (PP (ADVP too deep )ADVP in (NP *UNK )NP )PP ? )SQ  STOP
(S (S (NP (NP A lot )NP (PP of (NP observers )NP )PP )NP (VP think (ADVP so )ADVP )VP )S , and , (S (SBAR if (S (NP they )NP (VP 're (ADJP right )ADJP )VP )S )SBAR , (NP (NP the whole economy )NP (CONJP as well as )CONJP (NP (NP the *UNK )NP (PP among (NP us )NP )PP )NP )NP (VP could (VP be (VP hurt )VP )VP )VP )S . )S  STOP
(S (NP (NP A sudden , forced *UNK )NP (PP by (NP (NP consumers )NP , (SBAR (WHNP who )WHNP (S (ADVP normally )ADVP (VP account (PP for (NP (NP (QP about two-thirds )QP )NP (PP of (NP economic activity )NP )PP )NP )PP )VP )S )SBAR , )NP )PP )NP (VP would (VP damp (NP the economy )NP (PP at (NP (NP a time )NP (SBAR (WHADVP when )WHADVP (S (S (NP *UNK- spending )NP (VP is (VP slowing )VP )VP )S and (S (NP *UNKED governments )NP (VP ca n't (ADVP readily )ADVP (VP take (PRT up )PRT (NP the *UNK )NP )VP )VP )S )S )SBAR )NP )PP )VP )VP . )S  STOP
(S And (NP (NP another wave )NP (PP of (NP bad loans )NP )PP )NP (VP would (ADVP further )ADVP (VP *UNK (NP many *UNK- lending institutions )NP )VP )VP . )S  STOP
(S (NP The *UNK )NP (VP *UNK (NP some *UNK trends )NP )VP . )S  STOP
(S (PP During (NP the (ADJP almost *UNK- )ADJP economic expansion )NP )PP , (S (NP (NP inflation-adjusted gross national product )NP , (NP disposable personal income )NP and (NP personal consumption expenditures )NP )NP (VP have (VP risen (NP 30 % )NP )VP )VP )S , but (S (NP inflation-adjusted consumer *UNK credit )NP (VP has (VP surged (NP 66 % )NP )VP )VP )S . )S  STOP
(S And (NP (NP the ratio )NP (PP of (NP (NP *UNK debt )NP (PP to (NP (NP disposable personal income )NP -- (NP (NP personal income )NP (PP after (NP taxes )NP )PP )NP -- )NP )PP )NP )PP )NP (VP has (VP hit (NP (NP a high )NP (PP of (NP (QP about 18 1\/2 )QP % )NP )PP )NP )VP )VP . )S  STOP
(S (ADVP However )ADVP , (NP these figures )NP (VP do n't (VP seem (S (VP to (VP worry (NP (NP Thomas A. *UNKC )NP , (NP (NP an economist )NP (PP at (NP the Federal Reserve Board )NP )PP )NP )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP In (NP (NP a paper )NP (VP presented (PP at (NP (NP the recent annual meeting )NP (PP of (NP (NP the National Association )NP (PP of (NP Business Economists )NP )PP )NP )PP (PP in (NP San Francisco )NP )PP )NP )PP )VP )NP )PP , (NP Mr. *UNKC )NP (VP comments (SBAR that `` (S (S (NP *UNK credit )NP (ADVP always )ADVP (VP grows (ADVP rapidly )ADVP (PP in (NP cyclical advances )NP )PP )VP )S , and (S (NP (NP growth )NP (PP in (NP this cycle )NP )PP )NP (VP is (ADJP very typical (PP of (NP earlier *UNK )NP )PP )ADJP )VP )S )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP adds : `` (S (NP We )NP (VP are (ADVP now )ADVP (VP *UNKING (NP (NP a slowdown )NP (SBAR (WHNP which )WHNP , (S (SBAR if (S (NP history )NP (VP is (NP a guide )NP )VP )S )SBAR , (VP could (VP *UNK (PP for (NP a while )NP )PP )VP )VP )S )SBAR )NP )VP )VP . '' )S )VP )S  STOP
(FRAG But what about (NP the debt burden )NP ? )FRAG  STOP
(S (NP Mr. *UNKC )NP (VP doubts (SBAR that `` (S (NP there )NP (VP is (NP (NP some *UNK level )NP '' (SBAR (WHPP at (WHNP which )WHNP )WHPP (S (NP (NP the ratio )NP (PP of (NP *UNK debt )NP )PP (PP to (NP disposable income )NP )PP )NP `` (VP indicates (NP economic problems )NP )VP )S )SBAR )NP )VP )S )SBAR )VP . '' )S  STOP
(S And , `` (ADVP more *UNKLY )ADVP , '' (S (NP he )NP (VP says )VP )S , `` (NP (NP the debt burden )NP (VP measured (NP other ways )NP )VP )NP (VP is not (ADVP really )ADVP (PP in (NP *UNKED waters )NP )PP )VP . '' )S  STOP
(S (NP The chart below )NP (VP shows (FRAG (WHADVP why )WHADVP )FRAG (PRN -LRB- (S (VP see (NP (NP accompanying illustration )NP -- (NP (NP *UNKC )NP (NP Oct. 23 , 1989 )NP )NP )NP )VP )S -RRB- )PRN )VP . )S  STOP
(S (S (NP (NP The ratio )NP (PP of (NP consumer *UNK credit )NP )PP (PP to (NP disposable income )NP )PP )NP , (PP though (ADVP up (NP a bit )NP )ADVP )PP , (VP has n't (VP climbed (ADVP *UNKLY )ADVP )VP )VP )S , and (S (NP (NP such debt )NP (PP as (NP (NP a percent )NP (PP of (NP household assets )NP )PP )NP )PP )NP (VP is (ADVP little )ADVP (VP changed )VP )VP )S . )S  STOP
(S (S (ADVP Moreover )ADVP , (NP (NP the burden )NP (PP of (NP (NP consumer credit payments )NP (ADJP relative (PP to (NP disposable income )NP )PP )ADJP )NP )PP )NP (VP may (VP be `` (ADJP (ADJP lower (PP in (NP this cycle )NP )PP )ADJP (PP than (ADVP earlier )ADVP )PP )ADJP )VP )VP )S , '' (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S (NP He )NP (VP notes (SBAR that (S (NP some `` *UNKING credit-card credit )NP (VP is (ADVP actually )ADVP (NP (NP convenience credit )NP '' (VP being (VP used (PP (ADVP simply )ADVP as (NP (NP (NP a handy way )NP (PP of (S (VP paying (NP bills )NP )VP )S )PP )NP (CONJP rather than )CONJP (NP (NP a handy way )NP (PP of (S (VP borrowing )VP )S )PP )NP )NP )PP )VP )VP )NP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (PRN (S (NP he )NP (VP says )VP )S , )PRN `` (NP (NP longer maturities )NP (PP on (NP (NP automobile and other forms )NP (PP of (NP installment credit )NP )PP )NP )PP )NP (VP boost (NP (NP the stock )NP (PP of (NP debt )NP )PP )NP (ADVP faster (PP than (NP (NP (NP the flow )NP (PP of (NP *UNK )NP )PP )NP and (NP the accompanying payment burden )NP )NP )PP )ADVP )VP . '' )S  STOP
(S And (SBAR if (S (NP you )NP `` (VP consider (NP (NP the changing distribution )NP (PP of (NP credit )NP )PP )NP )VP )S )SBAR , (PRN '' (S (NP Mr. *UNKC )NP (VP says )VP )S , `` )PRN (NP (NP much )NP (PP of (NP (NP the increase )NP (PP in (NP debt )NP )PP (PP in (NP recent years )NP )PP )NP )PP )NP (VP is (ADJP due (PP to (NP (NP increasing credit use )NP (PP by (NP (NP *UNK- families )NP , '' (PRN (S (NP that )NP (VP is )VP )S )PRN , `` (NP (NP those )NP (ADJP probably best able (S (VP to (VP handle (NP it )NP )VP )VP )S )ADJP )NP )NP )PP )NP )PP )ADJP )VP . '' )S  STOP
(S (S (VP *UNKING (NP (NP figures )NP (PP on (NP home-equity loans )NP )PP )NP )VP )S , (NP he )NP (VP notes (SBAR that `` (S (S (NP (NP 11 % )NP (PP of (NP homeowners )NP )PP )NP (VP had (NP home-equity credit accounts )NP )VP )S , but (S (NP the proportion )NP (VP rises (PP to (NP (NP (NP 16 % )NP (PP of (NP (NP homeowners )NP (PP in (NP the (ADJP (QP $ *UNKN )QP )ADJP income range )NP )PP )NP )PP )NP and (NP (NP 23 % )NP (PP of (NP (NP homeowners )NP (PP with (NP (NP income )NP (PP above (NP $ 60,000 )NP )PP )NP )PP )NP )PP )NP )NP )PP )VP )S )S )SBAR )VP . '' )S  STOP
(S And (NP much home-equity credit )NP (VP is (VP used (ADVP *UNKLY )ADVP )VP )VP . )S  STOP
(S `` (S (NP The (ADJP most frequent )ADJP use )NP (VP is (NP (NP home improvement )NP , (SBAR (WHNP which )WHNP (S (ADVP *UNKLY )ADVP (VP *UNK (NP (NP the value )NP (PP of (NP the property )NP )PP )NP )VP )S )SBAR )NP )VP )S , '' (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S (ADVP So )ADVP , (NP (NP it )NP )NP (VP is n't (ADJP surprising )ADJP (SBAR that (S (NP (NP *UNK- *UNK )NP (PP at (NP banks )NP )PP )NP (VP remain (PRN , (SBAR as (S (NP the chart )NP (VP shows )VP )S )SBAR , )PRN (PP (ADVP *UNKLY )ADVP below (NP some earlier highs )NP )PP (PRN -LRB- (S (VP see (NP (NP accompanying illustration )NP -- (NP (NP *UNKC )NP (NP Oct. 23 , 1989 )NP )NP )NP )VP )S -RRB- )PRN )VP )S )SBAR )VP . )S  STOP
(S (S (NP A severe recession )NP (VP could , (PP of (NP course )NP )PP , (VP raise (NP *UNK rates )NP )VP )VP )S , but (S (ADVP so far )ADVP (NP (NP the current levels )NP (PP of (NP consumer debt )NP )PP )NP (VP do n't (VP seem (S (VP to (VP *UNK (PP as (NP a major threat )NP )PP )VP )VP )S )VP )VP )S . )S  STOP
(S (PP In (NP fact )NP )PP , (NP (NP (NP the current weakness )NP (PP in (NP (NP auto buying )NP and (NP department-store sales )NP )NP )PP )NP and (NP (NP the *UNK *UNK )NP (PP in (NP the household saving rate )NP )PP )NP )NP (VP suggest (SBAR that (S (NP (NP consumers )NP , (ADJP conservative (PP as (ADVP ever )ADVP )PP )ADJP , )NP (VP are (ADVP already )ADVP (VP *UNKING (NP their *UNK )NP (ADVP (NP a bit )NP more *UNKLY )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP July )NP )PP , (NP (NP consumer installment credit )NP (ADJP outstanding )ADJP )NP (VP fell (PP for (NP (NP the first time )NP (PP since (NP January 1987 )NP )PP )NP )PP )VP . )S  STOP
(S `` (S (NP Consumers )NP (VP appear (ADJP *UNKING (S (VP to (VP add (PP to (NP their leverage )NP )PP (S (VP to (VP support (NP their spending )NP )VP )VP )S )VP )VP )S )ADJP )VP )S , '' (NP (NP Bruce *UNKC )NP , (NP a Merrill Lynch economist )NP , )NP (VP says )VP . )S  STOP
(S `` (PP As (NP a result )NP )PP , (NP household debt )NP (VP appears (S (VP to (VP be (VP stabilizing (PP at (NP (NP (QP around 63 )QP % )NP (PP of (NP GNP )NP )PP )NP )PP )VP )VP )VP )S )VP . '' )S  STOP
(S (NP Consumers )NP , (S (NP credit cards )NP (PP in (NP hand )NP )PP )S , (VP are n't (VP (VP running (ADVP *UNK )ADVP (PP through (NP the shopping *UNK )NP )PP )VP -- or (VP putting (NP the economy )NP (PP at (NP any great risk )NP )PP )VP )VP )VP . )S  STOP
(S (NP Maidenform Inc. )NP (VP *UNK (S (VP to (VP be (ADJP intimate (PP (PP with (NP its customers )NP )PP , but not (PP with (NP (NP the rest )NP (PP of (NP the public )NP )PP )NP )PP )PP )ADJP )VP )VP )S )VP . )S  STOP
(S (S (NP (NP The *UNK- maker )NP (PP of (NP *UNK , *UNK , and *UNK )NP )PP )NP (VP *UNK (NP (NP one )NP (PP of (NP the *UNK- brand images )NP )PP )NP )VP )S , but (S (NP its financial profile )NP (VP is (ADVP closely )ADVP (VP *UNKED (PP by (NP (NP members )NP (PP of (NP the *UNKING family )NP )PP )NP )PP )VP )VP )S . )S  STOP
(SINV `` (S (NP There )NP (VP are (NP (NP (ADJP very few )ADJP companies )NP (SBAR (WHNP that )WHNP (S (VP can (VP *UNK (PP of (NP such a *UNK- group )NP )PP )VP )VP )S )SBAR )NP )VP )S , '' (VP says )VP (NP (NP Robert A. *UNKC )NP , (ADJP (NP 52 years )NP old )ADJP , (VP (ADVP recently )ADVP named (S (NP president )NP )S , (S (VP succeeding (NP (NP Beatrice *UNKC )NP , (NP his *UNK- )NP , (SBAR (WHNP who )WHNP (S (VP remains (NP chairman )NP )VP )S )SBAR )NP )VP )S )VP )NP . )SINV  STOP
(S `` (S (NP We )NP (VP are (NP a *UNKING breed )NP )VP )S , '' (NP he )NP (VP *UNK )VP . )S  STOP
(S (NP (NP Mrs. *UNKC )NP , (NP 73 )NP , (SBAR (WHNP who )WHNP (S (VP declined (S (VP to (VP be (VP interviewed )VP )VP )VP )S )VP )S )SBAR , )NP (VP is (NP the Maidenform strategist )NP )VP . )S  STOP
(S (NP Sales )NP (VP have (VP tripled (PP during (NP her *UNK- tenure )NP )PP (PP to (NP (NP (QP about $ 200 million )QP )NP (PP in (NP 1988 )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Maidenform )NP (VP (VP says (SBAR (S (NP it )NP (VP is (ADJP very profitable )ADJP )VP )S )SBAR )VP but (VP declines (S (VP to (VP provide (NP *UNK )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP The company )NP (VP sells (NP image )NP )VP . )S  STOP
(S (NP (NP Its current ad campaign )NP , (SBAR (WHPP on (WHNP which )WHNP )WHPP (S (NP Maidenform )NP (VP has (VP spent (NP (QP more than $ 15 million )QP )NP (PP since (NP fall 1987 )NP )PP )VP )VP )S )SBAR , )NP (VP does n't (ADVP even )ADVP (VP show (NP (NP its *UNK products )NP , but rather (NP (NP (NP men )NP (PP like (NP (NP Christopher *UNKC )NP , (NP (NP star )NP (PP of (NP the `` *UNKC '' movies )NP )PP )NP , )NP )PP )NP (VP talking (PP about (NP their *UNK *UNK- )NP )PP )VP )NP )NP )VP )VP . )S  STOP
(SINV (S (NP The Maidenform name )NP `` (VP is (NP (NP part )NP (PP of (NP American pop culture )NP )PP )NP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP account supervisor )NP (PP of (NP (NP the campaign )NP (PP by (NP (NP Levine , *UNKC , *UNKC & *UNKC )NP , (NP a New York ad firm )NP )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP Maidenform )NP (VP generated (NP (NP such *UNK campaigns )NP (PP as (NP `` (S (NP I )NP (VP *UNKED (SBAR (FRAG (NP I )NP ... (PP in (NP my Maidenform *UNK )NP )PP )FRAG )SBAR )VP )S , '' and `` (NP The Maidenform woman )NP )NP )PP )NP )VP . )S  STOP
(S (NP You )NP (ADVP never )ADVP (VP know (SBAR (WHADVP where )WHADVP (S (NP she )NP (VP 'll (VP turn (PRT up )PRT )VP )VP )S )SBAR )VP . '' )S  STOP
(SINV `` (S (S (VP *UNKING (PP on (NP the brand )NP )PP )VP )S (VP is (ADJP key )ADJP )VP )S , '' (VP says )VP (NP (NP Mr. *UNKC )NP , (SBAR (WHNP whose immediate plans )WHNP (S (VP include (NP (NP further international expansion )NP and (S (VP getting (NP (NP better control )NP (PP of (NP (NP distribution )NP (PP outside (NP the U.S. )NP )PP )NP )PP )NP )VP )S )NP )VP )S )SBAR )NP . )SINV  STOP
(SINV `` (S (S (NP The intimate apparel industry )NP (VP is (VP perceived (S (VP to (VP be (NP a growth industry )NP )VP )VP )S )VP )VP )S and (S (ADVP clearly )ADVP -LCB- (NP Maidenform )NP -RCB- (VP is (NP (NP a force )NP (SBAR (S (VP to (VP be (VP *UNKED (PP with )PP )VP )VP )VP )S )SBAR )NP )VP )S )S , '' (VP says )VP (NP (NP David S. *UNKC )NP , (NP (NP a special *UNK analyst )NP (PP at (NP (NP American Securities Corp. )NP (PP in (NP New York )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (S (SBAR Although (S (NP working women )NP (VP are `` (VP forced (S (VP to (VP wear (NP (NP the uniform )NP (PP of (NP the day )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR , (S (VP to (VP retain (NP their *UNK )NP )VP )VP )S (NP they )NP (VP are (VP buying (NP (ADJP better quality )ADJP , (ADJP more upscale )ADJP intimate apparel )NP )VP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (SBAR Although (S (NP (NP (NP Mr. *UNKC 's )NP appointment )NP (PP as (NP president )NP )PP )NP (VP was (ADVP long )ADVP (VP expected )VP )VP )S )SBAR , (NP (NP the move )NP (PP on (NP Sept. 25 )NP )PP )NP (VP *UNKED (NP (NP the resignation )NP (PP of (NP Alan *UNKC )NP )PP (PP as (NP (NP senior vice president )NP (PP of (NP sales and *UNKING )NP )PP )NP )PP )NP )VP . )S  STOP
(S (ADVP (NP Three days )NP later )ADVP , (NP Mr. *UNKC )NP (VP was (VP named (S (NP (NP (NP president )NP and (NP chief executive officer )NP )NP (PP of (NP (NP *UNKC Co. )NP , (NP (NP a competing intimate apparel division )NP (PP of (NP *UNKC Inc )NP )PP )NP )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP *UNKC )NP (ADVP also )ADVP (VP owns (NP (NP *UNKC )NP , (NP another major intimate apparel maker )NP )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP could n't (VP be (VP reached (S (VP to (VP comment )VP )VP )S )VP )VP )VP . )S  STOP
(S But (NP Maidenform officials )NP (VP say (SBAR that (S (PP after (S (VP spending (NP 24 years )NP (PP at (NP Maidenform )NP )PP )VP )S )PP , (NP (NP Mr. *UNKC )NP , (NP 48 )NP , )NP (VP made (S (NP (NP it )NP )NP (ADJP clear )ADJP (SBAR (S (NP he )NP (VP wanted (NP the top job )NP )VP )S )SBAR )S )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (SBAR If (S (NP you )NP (VP want (NP (NP the presidency )NP (PP of (NP the company )NP )PP )NP )VP )S )SBAR , (NP this )NP (VP is n't (NP (NP the firm )NP (SBAR (S (VP to (VP work (PP for )PP )VP )VP )S )SBAR )NP )VP )S , '' (VP says )VP (NP (NP (NP James *UNKC )NP , (NP 45 )NP , )NP (SBAR (WHNP who )WHNP (S (VP was (VP named (S (NP (NP senior vice president )NP (PP of (NP sales )NP )PP )NP )S , (S (VP assuming (NP (NP some )NP (PP of (NP (NP the responsibilities )NP (PP of (NP Mr. *UNKC )NP )PP )NP )PP )NP )VP )S )VP )VP )S )SBAR )NP . )SINV  STOP
(S (NP The company )NP (VP (VP *UNKED (NP (NP the loss )NP (PP of (NP Mr. *UNKC )NP )PP )NP )VP and (VP split (NP his *UNKING responsibilities )NP (PP among (NP (NP a committee )NP (PP of (NP four people )NP )PP )NP )PP )VP )VP . )S  STOP
(S `` (S (NP My style )NP (VP is (ADJP less informal )ADJP )VP )S , '' (NP Mr. Brawer )NP (VP says )VP . )S  STOP
(S (NP *UNKC officers )NP (VP insist (SBAR (S (NP (NP Maidenform 's )NP greatest strength )NP (VP is (NP its family ownership )NP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP You )NP (VP ca n't (VP (VP go (ADVP anywhere (PP in (NP this company )NP )PP )ADVP )VP and (VP find (NP an *UNK chart )NP )VP )VP )VP )S , '' (NP one )NP (VP *UNK )VP . )S  STOP
(S `` (S (NP (NP It )NP )NP (VP is (NP fun )NP (S (VP competing (PP as (NP a private company )NP )PP )VP )S )VP )S , '' (NP Mr. Brawer )NP (VP says )VP . )S  STOP
(S `` (NP You )NP (VP can (VP think (NP long range )NP )VP )VP . '' )S  STOP
(S (NP (NP Other major players )NP (PP in (NP intimate apparel )NP )PP )NP (ADVP apparently )ADVP (VP feel (NP the same way )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP was (VP taken (S (ADJP private )ADJP )S (PP by (NP *UNKC Group )NP )PP (PP in (NP 1986 )NP )PP (PP for (NP (QP about $ *UNKN million )QP )NP )PP )VP )VP . )S  STOP
(S And (NP last year )NP , (NP *UNKC Holdings Inc. )NP (VP went (ADJP private )ADJP (PP for (NP (QP about $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP It )NP (VP was (ADVP then )ADVP (VP split (PP into (NP (NP (NP *UNKC *UNKC Inc. )NP , (NP the intimate apparel division )NP , )NP and (NP (NP *UNKC Family Products Corp. )NP , (SBAR (WHNP which )WHNP (S (VP makes (NP (NP *UNK )NP , (NP *UNK- items )NP and (NP other products )NP )NP )VP )S )SBAR )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP (NP *UNKLY traded *UNK Corp. )NP , (SBAR (WHNP which )WHNP (S (VP owns (NP *UNKC Fair )NP )VP )S )SBAR , )NP and (NP (NP *UNKC Lee Corp. )NP , (SBAR (WHNP which )WHNP (S (VP owns (NP *UNKC Co. )NP )VP )S )SBAR , )NP )NP (VP are (ADVP also )ADVP (NP (NP strong forces )NP (PP in (NP intimate apparel )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP *UNKC offers )NP (PP for (NP Maidenform )NP )PP )NP (VP are n't (ADJP *UNK )ADJP )VP )S (PRN , (SINV (VP says )VP (NP Executive Vice President David C. *UNKC )NP )SINV , )PRN but (S (NP they )NP (VP are n't (VP taken (ADVP very seriously )ADVP )VP )VP )S . )S  STOP
(S (S (SBAR (WHADVP When )WHADVP (S (NP he )NP (VP gets (NP calls )NP )VP )S )SBAR , `` (NP I )NP (VP do n't (ADVP even )ADVP (VP have (S (VP to (VP *UNK '' (PP with (NP Mrs. *UNKC )NP )PP )VP )VP )S )VP )VP )S , (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S (NP The company )NP (VP could (VP command (NP a good price )NP (PP in (NP the market )NP )PP )VP )VP . )S  STOP
(SINV `` (S (PP Over (NP the past (QP three and a half )QP years )NP )PP , (NP (NP apparel companies )NP , (SBAR (WHNP (WHNP many )WHNP (WHPP of (WHNP whom )WHNP )WHPP )WHNP (S (VP have (NP strong brand names )NP )VP )S )SBAR , )NP (VP have (VP been (VP bought (PP at (NP (NP (QP about 60 )QP % )NP (PP of (NP sales )NP )PP )NP )PP )VP )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP Prudential-Bache Securities Inc. apparel analyst )NP )NP . )SINV  STOP
(S (NP Mr. Brawer )NP , (ADVP along (PP with (NP (NP Mrs. *UNKC )NP and (NP (NP her daughter )NP , (NP Elizabeth )NP , (NP (NP an attorney )NP (SBAR (WHNP who )WHNP (S (VP is (NP vice chairman )NP )VP )S )SBAR )NP , )NP )NP )PP )ADVP (VP are (NP (NP the family members )NP (ADJP involved (PP in (NP (NP the operations )NP (PP of (NP (NP Maidenform )NP , (SBAR (WHNP which )WHNP (S (VP employs (NP (QP about 5,000 )QP )NP )VP )S )SBAR )NP )PP )NP )PP )ADJP )NP )VP . )S  STOP
(S (NP (NP (NP (NP Mr. Brawer 's )NP wife )NP , (NP *UNKC )NP , )NP and (NP (NP Robert *UNKC )NP , (NP (NP Elizabeth 's )NP husband )NP , )NP )NP (VP round (PRT out )PRT (NP the *UNK- board )NP )VP . )S  STOP
(S (NP Each )NP (VP has (NP an equal vote )NP (PP at (NP the monthly meetings )NP )PP )VP . )S  STOP
(S `` (S (NP We )NP (VP are (ADVP all )ADVP (ADJP very *UNK )ADJP )VP )S , '' (NP Mr. Brawer )NP (VP says )VP . )S  STOP
(S (NP Executives )NP (VP say (SBAR (S (NP Mrs. Coleman )NP (VP is (ADJP very involved (PP in (NP (NP the day-to-day operations )NP , (ADVP especially )ADVP (NP product development )NP )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP the late 1960s )NP )PP (NP she )NP (VP designed (NP (NP a *UNK stretch *UNK )NP (SBAR (WHNP that )WHNP (S (VP boosted (NP sales )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Her father )NP , (NP William *UNKC )NP , )NP (VP designed (NP (NP (NP the *UNK- making company 's )NP first *UNK )NP )NP (PP in (NP the *UNK )NP )PP , (SBAR (WHNP which )WHNP (S (NP he )NP (VP said (SBAR (S (VP gave (NP women )NP (NP (NP a `` *UNK form '' )NP (VP compared (PP with (NP (NP the `` *UNK form '' )NP (SBAR (S (NP they )NP (VP got (PP from (NP (NP the `` flat *UNK '' )NP (VP used (PP for (NP support )NP )PP (PP at (NP the time )NP )PP )VP )NP )PP )VP )S )SBAR )NP )PP )VP )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (SBAR While (S (NP Mr. *UNKC )NP (VP introduced (NP new *UNK designs )NP )VP )S )SBAR , (NP (NP his wife )NP , (NP *UNKC )NP , )NP (VP concentrated (PP on (NP (NP sales )NP and (NP other financial matters )NP )NP )PP )VP . )S  STOP
(S (NP The name Maidenform )NP (VP was (VP *UNKED (PP by (NP (NP a third business partner )NP , (NP *UNKC *UNKC )NP )NP )PP )VP )VP . )S  STOP
(S (NP The company )NP (VP has (NP 14 (NX (NX plants )NX and (NX distribution facilities )NX )NX )NP (PP in (NP (NP the U.S. )NP , (NP Puerto Rico )NP , (NP (NP other parts )NP (PP of (NP the Caribbean )NP )PP )NP and (NP Ireland )NP )NP )PP )VP . )S  STOP
(S (S (NP Maidenform products )NP (VP are (ADVP mainly )ADVP (VP sold (PP at (NP department stores )NP )PP )VP )VP )S , but (S (NP the company )NP (VP (VP has (ADVP quietly )ADVP (VP opened (NP (NP a retail store )NP (PP of (NP its own )NP )PP )NP (PP in (NP (NP *UNKC )NP , (NP Neb. )NP , )NP )PP )VP )VP and (VP has (NP 24 factory outlets )NP , (PP with (NP plans (S (VP to (VP add (NP more )NP )VP )VP )S )NP )PP )VP )VP )S . )S  STOP
(S (PP Before (S (VP joining (NP Maidenform )NP (PP in (NP 1972 )NP )PP )VP )S )PP , (NP (NP Mr. Brawer )NP , (SBAR (WHNP who )WHNP (S (VP holds (NP (NP a *UNK degree )NP (PP in (NP English )NP )PP (PP from (NP (NP the University )NP (PP of (NP Chicago )NP )PP )NP )PP )NP )VP )S )SBAR , )NP (VP taught (PP at (NP (NP the University )NP (PP of (NP Wisconsin )NP )PP )NP )PP )VP . )S  STOP
(S (PP As (NP a senior vice president )NP )PP , (NP he )NP (VP has (VP headed (NP (NP (NP the company 's )NP designer *UNK division )NP , (NP *UNKC de la *UNKC )NP , )NP (PP since (NP (NP its *UNK )NP (PP in (NP 1988 )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (VP To (VP maintain (NP (NP *UNK )NP (PP of (NP that designer line )NP )PP )NP )VP )VP )S , (NP it )NP (VP is n't (VP labeled (PP with (NP the Maidenform name )NP )PP )VP )VP . )S  STOP
(S (SBAR While (S (NP the company )NP (VP has (ADVP always )ADVP (VP been (ADJP *UNK- )ADJP )VP )VP )S )SBAR , (NP Mr. Brawer )NP (VP is n't (NP (NP the first person )NP (SBAR (S (VP to (VP (VP *UNK (PP into (NP the family )NP )PP )VP and (VP (ADVP subsequently )ADVP head (NP Maidenform )NP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP (NP Mrs. Coleman 's )NP husband )NP , (NP Joseph )NP , (NP a physician )NP , )NP (VP (VP succeeded (NP Mrs. *UNKC )NP (PP as (NP president )NP )PP )VP and (VP served (PP in (NP that post )NP )PP (PP until (NP (NP his death )NP (PP in (NP *UNKN )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP China )NP (VP could (VP *UNK (NP its foreign-exchange reserves )NP (ADVP (ADVP as early )ADVP (PP as (NP next year )NP )PP )ADVP (PRN , (S (NP a Western government report )NP (VP says )VP )S , )PRN (SBAR unless (S (NP imports )NP (VP are (VP cut (ADVP *UNKLY )ADVP (S (VP to (VP help (VP narrow (NP the *UNK- deficit )NP )VP )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP According (PP to (NP (NP the report )NP , (VP completed (NP last month )NP )VP , )NP )PP )PP (SBAR if (S (NP (NP China 's )NP trade gap )NP (VP continues (S (VP to (VP widen (PP at (NP (NP the pace )NP (VP seen (PP in (NP (NP the first seven months )NP (PP of (NP this year )NP )PP )NP )PP )VP )NP )PP )VP )VP )S )VP )S )SBAR , (NP the reserves )NP (VP would (VP be (VP *UNKED (PRT out )PRT (PP either in (NP (NP 1990 )NP or (NP 1991 )NP )NP )PP )VP )VP )VP . )S  STOP
(S (NP A country )NP (VP is (VP considered (S (ADJP financially healthy )ADJP )S (SBAR if (S (NP its reserves )NP (VP cover (NP (NP three months )NP (PP of (NP its imports )NP )PP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP The (QP $ 14 billion )QP )NP (PP of (NP (NP reserves )NP (SBAR (S (NP China )NP (VP had (PP in (NP June )NP )PP )VP )S )SBAR )NP )PP )NP (VP would (VP cover (NP just that much )NP )VP )VP . )S  STOP
(S (NP (NP The report )NP (PP by (NP (NP the Western government )NP , (SBAR (WHNP which )WHNP (S (VP declines (S (VP to (VP be (VP identified )VP )VP )VP )S )VP )S )SBAR , )NP )PP )NP (VP concludes (SBAR that `` (S (NP a near-term foreign-exchange payment problem )NP (VP can (VP be (VP avoided (SBAR only if (S (NP import growth )NP (VP drops (PP to (PP (NP (QP below 5 )QP % )NP (PP per (NP *UNK )NP )PP )PP )PP )VP )S )SBAR )VP )VP )VP . '' )S )SBAR )VP )S  STOP
(S (PP According (PP to (NP Chinese *UNK figures )NP )PP )PP , (NP import growth )NP (VP has (VP slowed (PP in (NP recent months )NP )PP , (S (VP dropping (PP to (NP (NP (NP 16 % )NP (PP in (NP July )NP )PP )NP and (NP (NP 7.1 % )NP (PP in (NP August )NP )PP )NP )NP )PP (PP from (NP the year-earlier periods )NP )PP , (PP compared (PP with (NP (NP an average growth rate )NP (PP of (NP 26 % )NP )PP (PP in (NP the first half )NP )PP )NP )PP )PP )VP )S )VP )VP . )S  STOP
(S But (SBAR before (S (NP import growth )NP (VP slowed )VP )S )SBAR , (NP (NP (NP China 's )NP buying spree )NP (PP in (NP the first half )NP )PP )NP (ADVP already )ADVP (VP had (VP taken (NP (NP its toll )NP (PP on (NP foreign-exchange reserves )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP The (ADJP (QP $ 14 billion )QP )ADJP level )NP (PP in (NP June )NP )PP )NP (VP marked (NP (NP a drop )NP (PP from (NP (NP (QP $ 19 billion )QP )NP (PP at (NP (NP the end )NP (PP of (NP April )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP China 's )NP last big import *UNK )NP (VP sent (S (NP reserves )NP (VP tumbling (PP to (NP (QP $ 10.6 billion )QP )NP (PP in (NP June 1985 )NP )PP )PP (PP from (NP (QP $ *UNKN billion )QP )NP (NP the previous September )NP )PP )VP )S )VP . )S  STOP
(S (NP China )NP (VP might (VP *UNK (PRT off )PRT (NP a crisis )NP (SBAR if (S (NP it )NP (VP acts (ADVP (ADVP as *UNKLY )ADVP (SBAR as (S (NP it )NP (VP did (S (VP to (VP arrest (NP (NP the 1985 decline )NP , (SBAR (WHADVP when )WHADVP (S (NP Beijing )NP (VP (VP *UNKED (NP the *UNK )NP (PP on (NP foreign-exchange spending )NP )PP )VP and (VP *UNKED (NP the currency )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )ADVP )VP )S )SBAR )VP )VP . )S  STOP
(S But (NP this time )NP , (NP China )NP (VP faces (NP a (ADJP more difficult )ADJP battle )NP (PP because of (NP (NP economic forces )NP (SBAR (WHNP that )WHNP (S (VP have (VP come (PP into (NP play )NP )PP (PP since (NP (NP the *UNKC Square *UNK )NP (NP June 4 )NP )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP For (NP example )NP )PP , (NP (NP China 's )NP *UNK- income )NP (VP is (VP expected (S (VP to (VP suffer (PP from (NP (NP the big drop )NP (PP in (NP tourist *UNK )NP )PP (PP since (NP June 4 )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Revenue )NP (PP from (NP tourism )NP )PP )NP (NP this year )NP (VP is (VP projected (S (VP to (VP total (NP (QP $ 1.3 billion )QP )NP , (ADVP down (PP from (NP (QP $ 2.2 billion )QP )NP (NP last year )NP )PP )ADVP )VP )VP )S )VP )VP . )S  STOP
(S (PP Because of (NP (NP this )NP and (NP the huge trade gap )NP )NP )PP , (NP (NP the deficit )NP (PP in (NP (NP (NP China 's )NP current account )NP , (SBAR (WHNP which )WHNP (S (VP measures (NP (NP (NP trade )NP (PP in (NP goods and services )NP )PP )NP plus (NP (NP certain *UNK transfers )NP (PP of (NP funds )NP )PP )NP )NP )VP )S )SBAR )NP )PP , )NP (VP is (VP expected (S (VP to (VP widen (ADVP sharply )ADVP (PP from (NP the (ADJP (QP $ 3.8 billion )QP )ADJP deficit )NP (NP last year )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP The Western government report )NP (VP suggests (NP (NP a number )NP (PP of (NP (NP scenarios )NP (PP for (NP (NP China 's )NP *UNK- balance )NP )PP , (SBAR (WHNP (WHNP two )WHNP (WHPP of (WHNP which )WHNP )WHPP )WHNP (S (VP are (VP considered (S (ADJP most likely )ADJP )S )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (PP In (NP one )NP )PP , (S (NP imports and exports )NP (VP continue (S (VP to (VP grow (PP at (NP (NP the *UNK average rates )NP (PP of (NP (NP 25 % )NP and (NP 5 % )NP )NP )PP (VP recorded (PP during (NP the first seven months )NP )PP )VP )NP )PP )VP )VP )S )VP )S , and (S (NP the *UNK- deficit )NP (VP *UNK (PP to (NP (QP $ 13.1 billion )QP )NP )PP )VP )S . )S  STOP
(S (PP In (NP 1985 )NP )PP , (NP China )NP (VP had (NP (NP a record deficit )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP )VP . )S  STOP
(S (NP The other scenario )NP (VP assumes (SBAR that (S (NP Beijing )NP (VP takes (NP effective actions (S (VP to (VP curb (NP imports )NP )VP )VP )S )NP (PP in (NP the coming months )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP this case )NP )PP , (NP China )NP (VP would (ADVP still )ADVP (VP finish (NP the year )NP (PP with (NP (NP a *UNK- deficit )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP )PP , (PP based (PP on (NP projections (SBAR that (S (S (NP (NP imports )NP (PP for (NP (NP all )NP (PP of (NP this year )NP )PP )NP )PP )NP (VP grow (NP 20 % )NP )VP )S and (S (NP exports )NP (NP 10 % )NP )S )S )SBAR )NP )PP )PP )VP )VP . )S  STOP
(S (SBAR If (S (NP China )NP (VP were (ADVP still )ADVP (PP on (NP (NP good terms )NP (PP with (NP foreign lenders )NP )PP )NP )PP )VP )S )SBAR , (NP it )NP (VP might (VP be (ADJP able (S (VP to (VP stem (NP (NP the drain )NP (PP on (NP its foreign-exchange reserves )NP )PP )NP (PP by (S (VP using (NP some loan funds )NP (S (VP to (VP offset (NP the *UNK- deficit )NP )VP )VP )S )VP )S )PP )VP )VP )S )ADJP )VP )VP . )S  STOP
(S But (PP since (NP June )NP )PP , (NP (NP foreign bankers )NP (VP led (PP by (NP international financial institutions )NP )PP )VP )NP (VP have (ADVP virtually )ADVP (VP suspended (NP (NP their new loans )NP (PP to (NP China )NP )PP )NP )VP )VP . )S  STOP
(S (SBAR Even if (S (NP borrowing )NP (VP *UNK )VP )S )SBAR , (NP commercial bankers )NP (VP are n't (VP expected (S (VP to (VP lend (NP (NP as much )NP (PP as before )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP economists )NP (VP are (VP forecasting (NP (NP a slowdown )NP (PP in (NP foreign direct investments )NP )PP )NP (SBAR as (S (NP businessmen )NP (VP become (ADJP increasingly wary (PP of (NP (NP China 's )NP deteriorating (ADJP political and economic )ADJP environment )NP )PP )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP On (NP (NP top )NP (PP of (NP all this )NP )PP )NP )PP , (NP *UNK- *UNK )NP (VP are (VP expected (S (VP to (VP peak (PP in (NP (QP 1991 to 1992 )QP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (PP With (S (NP less capital )NP (VP coming (ADVP in )ADVP )VP )S )PP , (NP (NP (NP China 's )NP balance )NP (PP of (NP payments )NP )PP )NP (VP would (VP suffer )VP )VP . )S  STOP
(S (NP (NP The Western government report 's )NP first scenario )NP (VP assumes (NP (NP (NP a (ADJP 30 % )ADJP reduction )NP (PP in (NP foreign borrowing )NP )PP )NP and (NP (NP a (QP 5 % )QP *UNK )NP (PP in (NP foreign direct investment )NP )PP )NP )NP )VP . )S  STOP
(S (PP In (NP the second )NP )PP , (S (NP foreign borrowing )NP (VP is (VP projected (S (VP to (VP grow (NP 10 % )NP )VP )VP )S )VP )VP )S and (S (NP investment )NP (S (VP to (VP drop (NP 10 % )NP )VP )VP )S )S . )S  STOP
(S But (PP in (NP either case )NP )PP , (PRN (S (NP the report )NP (VP says )VP )S )PRN , (NP (NP (NP China 's )NP balance )NP (PP of (NP payments )NP )PP )NP (VP would (ADVP rapidly )ADVP (VP dry (PRT up )PRT (NP (NP foreign reserves )NP , (SBAR (WHNP which )WHNP (S (VP are (VP used (S (VP to (VP finance (NP the *UNK )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (S (PP In (NP the first scenario )NP )PP , (NP the reserves )NP (VP would (VP be (VP *UNKED (NP next year )NP )VP )VP )VP )S , and (S (PP in (NP the second )NP )PP (NP they )NP (VP would (VP be (VP *UNKED (PRT out )PRT (PP in (NP 1991 )NP )PP )VP )VP )VP )S . )S  STOP
(S (NP (NP *UNKC Holding AG )NP , (NP (NP parent )NP (PP of (NP the Swiss chemical and pharmaceutical group )NP )PP )NP , )NP (VP said (SBAR (S (NP its group sales )NP (VP rose (NP 22 % )NP (PP in (NP (NP the first nine months )NP (PP of (NP the year )NP )PP )NP )PP (PP to (NP (NP (QP *UNKN billion )QP francs )NP (PRN -LRB- (NP (QP $ *UNKN billion )QP )NP -RRB- )PRN )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP reported (NP (NP good gains )NP (PP in (NP (NP all )NP (PP of (NP its divisions )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC )NP (ADVP also )ADVP (VP said (SBAR (S (NP it )NP (VP expects (NP (NP a `` considerable rise '' )NP (PP in (NP 1989 group profit )NP )PP (PP from (NP (NP the (ADJP *UNKN *UNK- )ADJP (PRN -LRB- (ADJP (QP $ *UNKN million )QP )ADJP -RRB- )PRN net )NP (PP in (NP 1988 )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP New *UNKC Investments Inc. )NP (VP said (SBAR (S (NP it )NP (VP closed (NP (NP the acquisition )NP (PP of (NP *UNKC Glass Co. )NP )PP (PP from (NP (NP *UNKC Co. )NP , (NP (NP a (NAC *UNKC , Ill. , )NAC maker )NP (PP of (NP *UNK- home products )NP )PP )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Terms )NP (VP were n't (VP disclosed )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP (NP a maker )NP (PP of (NP (NP glass *UNK )NP (PP for (NP the cosmetics and *UNK industries )NP )PP )NP )PP )NP , )NP (VP had (NP (NP sales )NP )NP (NP last year )NP (PP of (NP (QP about $ 40 million )QP )NP )PP )VP . )S  STOP
(S (NP New *UNKC Investments )NP (VP is (NP (NP a (ADJP closely held )ADJP investment partnership )NP (PP with (NP (NP interests )NP (PP (ADVP primarily )ADVP in (NP the packaging industry )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Ralph Brown )NP (VP was (PP (NP *UNKN feet )NP over (NP Minnesota )NP )PP (SBAR (WHADVP when )WHADVP (S (NP (NP both *UNK )NP (PP on (NP his Falcon 20 )NP )PP )NP (VP *UNKED (PRT out )PRT )VP )S )SBAR )VP . )S  STOP
(S (PP At (NP *UNKN feet )NP )PP , (PRN (S (NP he )NP (VP says )VP )S )PRN , (NP (NP he )NP and (NP his *UNK- )NP )NP `` (VP were (VP looking (PP for (NP (NP an interstate )NP or (NP a *UNK )NP )NP )PP '' (S (VP to (VP land )VP )VP )S )VP )VP . )S  STOP
(S (PP At (NP *UNKN feet )NP )PP , (NP the engines )NP (VP *UNKED )VP . )S  STOP
(S But (S (VP knowing (SBAR that (S (NP *UNK )NP (VP would (ADVP probably )ADVP (VP ground (NP him )NP (PP for (NP repairs )NP )PP )VP )VP )S )SBAR )VP )S , (NP Mr. Brown )NP (VP (VP *UNKED (NP (NP his stop )NP (PP in (NP nearby Chicago )NP )PP )NP )VP and (VP set (NP course )NP (S (VP to (VP get (NP (NP his load )NP -- (NP a few hundred *UNK )NP -- )NP (PP to (NP the *UNKC *UNKING *UNK )NP )PP (PP on (NP time )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (S (SBAR (SINV *UNKC (NP he )NP (VP been (ADJP (ADVP (NP a little )NP less )ADVP *UNK- )ADJP )VP )SINV )SBAR , `` (NP I )NP (VP 'd (VP have (VP (VP gotten (NP the thing )NP (PP on (NP the ground )NP )PP )VP and (VP headed (PP for (NP the *UNK bar )NP )PP )VP )VP )VP )VP )S , '' (NP Mr. Brown )NP (VP says )VP . )S  STOP
(S But (NP he )NP (VP *UNK (PP for (NP (NP Federal Express Corp. )NP , (ADVP perhaps )ADVP (NP (NP the *UNK thing )NP (PP in (NP corporate America )NP )PP (PP to (NP the Green *UNKC )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP (NP Federal 's )NP employees )NP (VP (VP work (NP long hours )NP )VP and (VP seem (S (VP to (VP *UNK (PP on (NP (NP the stress )NP (PP of (S (VP racing (NP the *UNK )NP )VP )S )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (PP Like (NP Mr. Brown )NP )PP , (NP they )NP (ADVP sometimes )ADVP (VP go (PP to (NP surprising *UNK )NP )PP (S (VP to (VP meet (NP (NP that *UNKING corporate goal )NP : (S (VP delivering (NP the goods )NP (PP on (NP time )NP )PP )VP )S )NP )VP )VP )S )VP . )S  STOP
(S (NP They )NP (VP are (NP (NP a *UNK )NP (PP to (NP (NP (NP Federal 's )NP management )NP (SBAR (WHNP which )WHNP , (S (PP since (NP (NP (NP the company 's )NP *UNKING )NP (ADVP (NP 16 years )NP ago )ADVP )NP )PP , (VP has (VP (VP had (NP its way )NP (PP with (NP its work force )NP )PP )VP -- (NP (NP an unusual *UNK )NP (PP in (NP the *UNK transportation industry )NP )PP )NP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP That )NP (VP may (ADVP soon )ADVP (VP change )VP )VP . )S  STOP
(S (NP This month )NP , (NP (NP (NP Federal 's )NP *UNKN pilots )NP , (PP including (NP (NP some *UNKN )NP (VP acquired (ADVP along (PP with (NP Tiger International Inc. )NP )PP )ADVP (PP in (NP February )NP )PP )VP )NP )PP , )NP (VP will (VP decide (SBAR whether (S (VP to (VP *UNK (NP the powerful Air Line *UNKC Association )NP (PP as (NP their bargaining agent )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP The election )NP , (SBAR (WHNP which )WHNP (S (VP would (VP bring (NP the first major union )NP (PP to (NP (NP Federal 's )NP U.S. operations )NP )PP )VP )VP )S )SBAR , )NP (VP has (VP *UNKED (NP new *UNK )NP (PP against (NP (NP devoted *UNK )NP (PP such as (NP Mr. Brown )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP It )NP (VP has (ADVP also )ADVP (VP *UNKED (NP (NP (NP Federal 's )NP (ADJP strongly *UNK- )ADJP management )NP , (SBAR (WHNP which )WHNP (S (VP is (ADVP already )ADVP (VP *UNKING (PP (PP with (S (VP *UNKING (NP *UNK- operations )NP )VP )S )PP and (PP with (NP falling profits )NP )PP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S `` (S (S (NP A union )NP , (ADVP sooner or later )ADVP , (VP has (S (VP to (VP have (NP an *UNK )NP )VP )VP )S )VP )S , and (S (NP it )NP (VP has (S (VP to (VP have (NP a victory )NP )VP )VP )S )VP )S )S , '' (NP (NP Frederick W. Smith )NP , (NP (NP Federal 's )NP chairman and chief executive )NP , )NP (VP says (PP with (NP *UNK )NP )PP )VP . )S  STOP
(S `` (PP In (NP our formula )NP )PP , (NP we )NP (VP do n't (VP have (NP any losers )NP (PP except (NP the competition )NP )PP )VP )VP . '' )S  STOP
(S (SBAR (WHNP What )WHNP (S (NP managers )NP (ADVP really )ADVP (VP fear )VP )S )SBAR (VP is (SBAR that (S (NP the *UNK- movement )NP (VP could (VP spread (PP beyond (NP the pilots )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Under (NP federal transportation law )NP )PP , (NP a government mediator )NP (VP is (VP attempting (S (VP to (VP *UNK (NP (NP the *UNKING )NP (PP of (NP (NP Tiger 's )NP job *UNK )NP )PP (PP into (NP Federal 's )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP *UNKING (PP on (NP the outcome )NP )PP )PP , (NP the merged company )NP (VP may (VP face (NP (NP union elections )NP )NP (NP this fall )NP (PP among (NP (NP *UNK *UNK )NP , (NP *UNK workers )NP , (NP stock *UNK )NP and (NP flight *UNK )NP )NP )PP )VP )VP . )S  STOP
(S (NP These groups )NP (VP constitute (NP (NP (QP up to 10 )QP % )NP (PP of (NP its work force )NP )PP )NP )VP . )S  STOP
(SINV `` (S (NP *UNKC )NP (VP would (VP have (NP (NP a *UNK effect )NP (PP on (NP (NP the whole culture )NP (PP of (NP the company )NP )PP )NP )PP )NP )VP )VP )S , '' (VP says )VP (NP (NP Bernard La *UNKC )NP , (NP (NP (NP a professor )NP (PP at (NP (NP Ohio State University )NP (PP at (NP *UNKC )NP )PP )NP )PP )NP and (NP a Federal consultant )NP )NP )NP . )SINV  STOP
(S (NP (NP That culture )NP , (VP (ADVP carefully )ADVP *UNKED (PP by (NP Mr. Smith )NP )PP )VP , )NP (VP leaves (NP (NP little (PRN , (PP if (NP any )NP )PP , )PRN room )NP (PP for (NP unions )NP )PP )NP )VP . )S  STOP
(S (PP Since (S (VP founding (NP the company )NP )VP )S )PP , (NP (NP the *UNK Vietnam *UNK )NP , (SBAR (WHNP who )WHNP (S (VP is (ADVP still )ADVP (ADJP (NP only 46 years )NP old )ADJP )VP )S )SBAR , )NP (VP has (VP *UNKED (NP (NP an *UNK )NP (PP of (NP combat )NP )PP )NP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP are `` (NP *UNK )NP )VP . '' )S  STOP
(S (NP (NP Mr. Smith 's )NP managers )NP (VP have , (PP at (NP times )NP )PP , (VP been (VP called (S `` (NP (NP *UNK *UNKC *UNKC 's )NP *UNKC )NP )S )VP )VP )VP . '' )S  STOP
(S (NP (NP The *UNKC *UNKC award )NP , (NP (NP the Navy *UNK )NP (PP for (NP (NP a `` job )NP (VP (ADVP well )ADVP done )VP )NP )PP )NP , '' )NP (VP is (VP *UNKED (PP on (NP (NP (NP Federal 's )NP workers )NP (SBAR (WHNP who )WHNP (S (VP *UNK (NP (NP the call )NP (PP of (NP duty )NP )PP )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP are (VP known (PP as (NP the `` *UNK )NP )PP )VP )VP . '' )S  STOP
(S (S (VP To (VP reinforce (NP (NP employees ' )NP *UNK )NP )VP )VP )S , (NP Mr. Smith )NP (VP pays (ADVP well )ADVP )VP . )S  STOP
(S (NP He )NP (ADVP also )ADVP (VP *UNK (S (NP workers )NP (VP (VP *UNK (NP steam )NP (PP through (NP an elaborate *UNK procedure )NP )PP )VP and (PRN , (PP as (NP a *UNK )NP )PP , )PRN (VP fly (ADVP free )ADVP (PP in (NP empty *UNK seats )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP He )NP (VP gives (NP *UNK talks )NP (PP in (NP (NP *UNK `` family *UNK '' )NP (VP *UNKED (ADVP internationally )ADVP (PP on (NP `` (NP *UNKC )NP , '' (NP (NP the company 's )NP own television network )NP )NP )PP )VP )NP )PP )VP . )S  STOP
(S And , (PP with (NP (NP many )NP (PP of (NP his 70,000 workers )NP )PP )NP )PP , (NP (NP Mr. Smith 's )NP *UNK- attitude )NP (VP has (VP caught (PRT on )PRT )VP )VP . )S  STOP
(S (NP (NP James Cleveland )NP , (NP (NP a *UNK )NP (SBAR (WHNP who )WHNP (S (VP earned (NP a *UNKC *UNKC )NP (PP for (S (VP *UNKING (PRT out )PRT (SBAR (WHADVP how )WHADVP (S (VP to (VP get (NP (NP a major customer 's )NP *UNK- load )NP (PP to (NP its *UNK )NP )PP (PP by (NP 8 a.m. )NP )PP )VP )VP )S )SBAR )VP )S )PP )VP )S )SBAR )NP , )NP (VP considers (S (NP himself )NP (ADJP (ADJP far more )ADJP (PP than (NP a *UNK )NP )PP )ADJP )S )VP . )S  STOP
(S `` (NP We )NP (VP do n't (ADVP just )ADVP (VP hand (NP the customer )NP (NP the package )NP )VP )VP . )S  STOP
(S (S (NP That )NP (VP 's (ADVP just )ADVP (NP the beginning )NP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (PP In (NP *UNK )NP )PP , (NP we )NP (VP run (NP the show )NP )VP . '' )S  STOP
(S (NP (NP David *UNKC )NP , (NP a longtime pilot )NP , )NP (VP *UNK (PP at (NP the mere suggestion (SBAR that (S (NP a union )NP (VP might (VP *UNK (PP with (NP his flight schedule )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S `` (S (NP This )NP (VP is (NP America )NP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (NP Nobody )NP (VP has (NP the right (S (VP to (VP tell (NP me )NP (SBAR (WHADVP how much )WHADVP (S (NP I )NP (VP can (VP work )VP )VP )S )SBAR )VP )VP )S )NP )VP . '' )S  STOP
(S (NP Such attitudes )NP (VP have (VP given (NP Federal )NP (NP (NP flexibility )NP , (SBAR (S (VP (CONJP not only )CONJP (VP to (ADVP rapidly )ADVP (VP *UNK (NP new technology )NP )VP )VP but (VP to (VP keep (S (NP its work force )NP (ADJP *UNKLY lean )ADJP )S )VP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP The company )NP (ADVP deliberately )ADVP (VP *UNK , (S (VP *UNKING (NP (NP employees ' )NP schedules )NP (PP to (NP the limit )NP )PP )VP )S )VP . )S  STOP
(S But (SBAR though (S (NP *UNK )NP (VP work (NP (NP (QP as many as 60 )QP hours )NP (NP a week )NP )NP (PP during (NP the *UNK rush )NP )PP )VP )S )SBAR , (NP they )NP (VP leave (ADVP early )ADVP (PP during (NP *UNK times )NP )PP (SBAR while (S (ADVP still )ADVP (VP being (VP assured (PP of (NP a minimum *UNK )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP , (ADVP as well )ADVP , (ADVP routinely )ADVP (VP fly (ADVP overtime )ADVP (S (VP to (VP ensure (SBAR that (S (NP none )NP (VP are (VP *UNKED (PP during (NP seasonal lows )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP The operational freedom )NP (VP has (ADVP also )ADVP (VP given (NP Federal )NP (NP (NP a leg up )NP (PP on (NP (NP *UNK United *UNKC Service Inc. )NP , (NP (NP (NP the nation 's )NP largest employer )NP (PP of (NP (NP United *UNKC )NP (PP of (NP *UNKC members )NP )PP )NP )PP )NP )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP wo n't (VP discuss (NP its labor practices )NP )VP )VP )S , but , (S (PP according (PP to (NP (NP (NP Mr. Cleveland )NP , (NP a former *UNKC employee )NP , )NP and (NP others )NP )NP )PP )PP , (NP union work rules )NP (VP prohibit (NP *UNKC drivers )NP (PP from (S (VP doing (NP (NP more )NP (PP than (S (VP carrying (NP packages )NP (PP between (NP (NP customers )NP and (NP their vans )NP )NP )PP )VP )S )PP )NP )VP )S )PP )VP )S . )S  STOP
(S (SBAR Because (S (NP *UNKC drivers )NP (VP are n't (VP permitted (S (VP to (VP load (NP their own vehicles )NP (PP at (NP the *UNK )NP )PP )VP )VP )S )VP )VP )S )SBAR , (PRN (SINV (VP say )VP (NP these *UNK )NP )SINV , )PRN (NP packages )NP (ADVP often )ADVP (VP (VP get (VP buried (PP in (NP the load )NP )PP )VP )VP and (VP are (VP delivered (ADVP late )ADVP )VP )VP )VP . )S  STOP
(S (NP Labor problems )NP (VP are (NP (NP the last thing )NP (SBAR (S (NP Mr. Smith )NP (VP needs (ADVP right now )ADVP )VP )S )SBAR )NP )VP . )S  STOP
(S (SBAR Although (S (NP the Tiger acquisition )NP (VP has (VP brought (NP Federal )NP (NP (NP a long way )NP (PP toward (S (VP becoming (NP (NP the global player )NP (SBAR (S (NP it )NP (VP wants (S (VP to (VP be )VP )VP )S )VP )S )SBAR )NP )VP )S )PP )NP )VP )VP )S )SBAR , (NP it )NP (ADVP also )ADVP (VP has (VP brought (NP problems )NP )VP )VP . )S  STOP
(S (NP It )NP (VP (VP (ADVP more than )ADVP doubled (NP (NP Federal 's )NP long-term debt )NP (PP to (NP (QP $ 1.9 billion )QP )NP )PP )VP , (VP *UNK (NP the company )NP (PP into (NP (NP *UNK territory )NP -- (NP heavy cargo )NP -- )NP )PP )VP and (VP (ADVP suddenly )ADVP expanded (NP its landing rights )NP (PP to (NP 21 countries )NP )PP (PP from (NP four )NP )PP )VP )VP . )S  STOP
(S (NP Federal )NP , (PP on (NP its own )NP )PP , (VP had n't (VP been (VP doing (ADVP very well )ADVP (ADVP overseas )ADVP )VP )VP )VP . )S  STOP
(S (NP It )NP (VP had (VP *UNKED (PP in (NP its attempt (S (VP to (VP get (PP into (NP (NP Asia )NP , (SBAR (WHADVP where )WHADVP (S (NP treaty restrictions )NP (VP forced (S (NP it )NP (VP to (VP fly (NP some planes )NP (S (ADJP *UNK- )ADJP )S (PP on (NP certain routes )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP )S )NP )PP )VP )VP . )S  STOP
(S (PP On (NP (NP routes )NP (PP to (NP South America )NP )PP )NP )PP , (NP the company )NP (VP had (NP (NP no *UNK *UNK )NP (SBAR (S (VP to (VP ensure (NP delivery )NP (SBAR (WHADVP when )WHADVP (S (NP planes )NP (VP were (VP *UNKED )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (NP Europe )NP )PP , (NP business )NP (VP suffered (SBAR as (S (NP Federal )NP (VP bought (NP several local companies )NP , (S (ADVP only )ADVP (VP to (VP have (S (NP the managers )NP (VP quit )VP )S )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP These and other problems )NP (VP squeezed (NP (NP (NP Federal 's )NP profit margins )NP (NP last year )NP )NP (PP to (NP 8 % )NP )PP , (ADVP down (PP from (NP (NP (QP more than 13 )QP % )NP (ADVP annually )ADVP (PP in (NP (NP the first half )NP (PP of (NP the decade )NP )PP )NP )PP )NP )PP )ADVP )VP . )S  STOP
(S (NP Earnings )NP (VP have (VP plummeted , (ADVP too )ADVP , (PP in (NP (NP each )NP (PP of (NP the past three quarters )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (PP In (NP (NP the fiscal first period )NP (VP ended (NP Aug. 31 )NP )VP )NP )PP , (NP profit )NP (VP fell (NP 54 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 58 cents )NP (NP a share )NP )NP , )NP )PP (PP mostly because of (NP the Tiger merger )NP )PP )VP )S , (NP Federal )NP (VP says )VP . )S  STOP
(S (S (NP (NP Federal 's )NP stock price )NP , (ADVP however )ADVP , (VP has (VP held (PRT up )PRT (ADVP well )ADVP , (S (VP driven (PP in (NP part )NP )PP (PP by (NP (NP the general *UNK- )NP (PP of (NP airline stocks )NP )PP )NP )PP )VP )S )VP )VP )S , (NP analysts )NP (VP say )VP . )S  STOP
(S (PP Since (S (VP trading (ADVP (ADVP as low )ADVP (PP as (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP )ADVP (PP in (NP May )NP )PP )VP )S )PP , (NP (NP Federal 's )NP shares )NP (VP have (VP rallied (ADVP (ADVP as high )ADVP (PP as (NP $ *UNKN )NP )PP )ADVP (PP in (NP New York Stock Exchange composite trading )NP )PP )VP )VP . )S  STOP
(S (NP They )NP (VP closed (NP Friday )NP (PP at (NP $ *UNKN )NP )PP , (ADVP down (NP 50 cents )NP (PP on (NP the day )NP )PP )ADVP )VP . )S  STOP
(S (NP There )NP (VP 's (NP a certain *UNK )NP (PP in (NP the fact (SBAR that (S (NP Federal Express )NP (VP faces (NP its first union problems )NP (PP as (NP (NP a result )NP (PP of (NP its Tiger purchase )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP Tiger )NP (NP itself )NP )NP (VP was (VP founded (PP by (NP (NP a band )NP (PP of (NP (NP *UNK *UNK )NP (SBAR (WHNP who )WHNP (S (VP had (VP *UNKED (NP supplies )NP `` (PP over (NP the *UNKC )NP )PP '' (PP from (NP India )NP )PP (PP to (NP China )NP )PP (PP during (NP World War II )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP the early 1970s )NP )PP , (NP Mr. Smith )NP (VP *UNKED (NP his fledgling company )NP (PP on (NP (NP (NP Tiger 's )NP innovation )NP (PP of (NP (ADJP *UNK- and *UNK- )ADJP operations )NP )PP )NP )PP )VP . )S  STOP
(S But (PP from (NP early on )NP )PP , (NP (NP Tiger 's )NP workers )NP (VP *UNKED , (SBAR while (S (NP Federal 's )NP (ADVP never )ADVP (VP have )VP )S )SBAR )VP . )S  STOP
(S (NP Federal Express officials )NP (VP (VP acknowledge (NP (NP mistakes )NP (PP in (NP their drive overseas )NP )PP )NP )VP but (VP say (SBAR (S (NP it )NP (VP will (VP pay (PRT off )PRT (ADVP eventually )ADVP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Analysts )NP (VP expect (S (NP (NP Federal 's )NP earnings )NP (VP to (VP improve (ADVP again )ADVP (PP in (NP (NP its fiscal third quarter )NP (VP ending (NP Feb. 28 )NP )VP , (SBAR (WHADVP when )WHADVP (S (NP the company )NP (VP should (VP begin (S (VP *UNKING (PP from (NP (NP Tiger 's )NP (NX (NX extra flights )NX , (NX *UNK- planes )NX and (NX landing rights )NX )NX )NP )PP )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP Until (NP then )NP )PP , (NP they )NP (VP expect (S (NP (NP the cost )NP (PP of (S (VP *UNKING (NP the two carriers )NP )VP )S )PP )NP (VP to (VP continue (S (VP *UNKING (NP profits )NP )VP )S )VP )VP )S )VP . )S  STOP
(S (S (PP For (NP now )NP )PP , (NP the union issue )NP (VP is (NP (NP the (ADJP most *UNK )ADJP )NP (PP of (NP (NP Federal 's )NP Tiger problems )NP )PP )NP )VP )S , (NP management )NP (VP believes )VP . )S  STOP
(S (SBAR Although (S (VP encouraging (NP (NP dialogue )NP (PP between (NP managers and workers )NP )PP )NP )VP )S )SBAR , (NP Mr. Smith )NP (VP does n't (VP *UNK (SBAR (WHNP what )WHNP (S (NP he )NP (VP considers (S (NP *UNK )NP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP (NP a large group )NP (PP of (NP pilots )NP )PP )NP (ADVP once )ADVP (VP signed (NP (NP *UNK )NP (VP opposing (NP (UCP *UNK- and compensation )UCP changes )NP )VP )NP )VP )S )SBAR , (NP he )NP (VP (VP called (NP (NP a meeting )NP (PP in (NP a company *UNK )NP )PP )NP )VP and (VP *UNKED (NP them )NP (PRT down )PRT (PP for (S (VP challenging (NP his authority )NP )VP )S )PP )VP )VP . )S  STOP
(S (S (NP He )NP (ADVP then )ADVP (VP made (NP (NP most )NP (PP of (NP the changes )NP )PP )NP )VP )S , (NP pilots )NP (VP say )VP . )S  STOP
(S (NP (NP That sort )NP (PP of (NP approach )NP )PP )NP , (ADVP however )ADVP , (VP has n't (VP worked (PP since (NP (NP the addition )NP (PP of (NP Tiger )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Its *UNKN workers )NP , (SBAR (WHNP who )WHNP (S (VP had (VP *UNKED (NP (NP Tiger 's )NP management )NP (PP for (NP years )NP )PP (PP over (NP *UNK )NP )PP )VP )VP )S )SBAR , )NP (VP were (NP union members )NP (PP until (NP (NP the day )NP (PP of (NP the merger )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP (NP most )NP (PP of (NP their unions )NP )PP )NP (VP were (ADVP automatically )ADVP (VP *UNKED )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP Soon after (NP the merger )NP )PP , (ADVP *UNK )ADVP , (NP (NP Federal 's )NP management )NP (VP asked (NP (NP Tiger 's )NP pilots )NP (S (VP to (VP sign (NP (NP an agreement )NP (VP *UNKING (SBAR that (S (NP they )NP (VP could (VP be (VP fired (NP any time )NP , (PP without (NP cause or notice )NP )PP )VP )VP )VP )S )SBAR )VP )NP )VP )VP )S )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP the pilots )NP (VP refused )VP )S )SBAR , (NP the company )NP (VP *UNKED (NP it )NP )VP . )S  STOP
(S (NP Mr. Smith )NP (VP *UNKED (NP (NP Federal 's )NP pilots )NP , (ADVP too )ADVP )VP . )S  STOP
(S (PP In (NP his *UNK (S (VP to (VP *UNK (NP the deal )NP (PP with (NP Tiger Chairman *UNKC *UNKC )NP )PP (NP last August )NP )VP )VP )S )NP )PP , (NP Mr. Smith )NP (VP ignored (NP (NP a promise )NP (SBAR (WHNP that )WHNP (S (NP he )NP (VP had (VP made (PP to (NP his own pilots )NP )PP (ADVP (NP three years )NP ago )ADVP )VP )VP )S )SBAR : (SBAR that (S (NP (NP any *UNK )NP (VP acquired (PP in (NP future mergers )NP )PP )VP )NP (VP would (VP be (VP `` (VP *UNKED )VP '' -- (VP put (PP at (NP (NP the bottom )NP (PP of (NP (NP the pilot *UNK list )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP (NP work schedules )NP , (NP pay )NP and (NP career options )NP )NP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The Tiger merger agreement )NP (VP *UNKED (SBAR that (S (NP the lists )NP (VP be (VP combined (PP on (NP (NP the basis )NP (PP of (NP tenure )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Smith )NP (VP is (VP trying (ADVP hard )ADVP (S (VP to (VP *UNK (NP the anger )NP )VP )VP )S )VP )VP . )S  STOP
(S And (NP even some *UNK- pilots )NP (VP say (SBAR (S (NP (NP his *UNK and popularity )NP (PP among (NP the many former military *UNK )NP )PP )NP (VP could (VP be (ADJP tough (SBAR (S (VP to (VP beat )VP )VP )S )SBAR )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP (NP A lot )NP (PP of (NP people )NP )PP )NP (VP are (VP *UNKING (NP (NP a vote )NP (PP for (NP representation )NP )PP )NP (PP as (NP (NP a vote )NP (PP against (NP Fred Smith )NP )PP )NP )PP )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP a (NX (NX *UNKC pilot )NX and (NX union activist )NX )NX )NP )NP . )SINV  STOP
(S (NP (NP Mr. Smith )NP and (NP other top Federal executives )NP )NP (VP have (VP met (PP with (NP Tiger workers )NP )PP (PP in (NP (NP Los Angeles )NP , (NP Ohio )NP , (NP New York )NP , (NP Alaska )NP , (NP Asia )NP and (NP Europe )NP )NP )PP )VP )VP . )S  STOP
(S (ADVP Recently )ADVP , (NP they )NP (VP have (VP appeared (NP every few weeks )NP (PP in (NP (ADJP *UNK- type )ADJP *UNK )NP )PP , (S (VP *UNKING (NP *UNK- arguments )NP )VP )S )VP )VP . )S  STOP
(S (PP In (NP one video )NP )PP , (NP Mr. Smith )NP (VP defended (NP his agreement (S (VP to (VP merge (NP the *UNK- lists )NP )VP )VP )S )NP )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP Mr. *UNKC )NP (VP had (VP insisted (SBAR that (S (NP the merger talks )NP (VP move (ADVP quickly )ADVP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP *UNKC )NP , (ADVP as well )ADVP , (VP might (VP have (VP *UNKED (NP the deal )NP (SBAR if (S (NP (NP Tiger 's )NP pilots )NP (VP had n't (VP been (VP protected )VP )VP )VP )S )SBAR )VP )VP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (ADVP Furthermore )ADVP , (PRN (S (NP Mr. Smith )NP (VP added )VP )S , )PRN `` (NP (NP our contract )NP (PP with (NP our pilots )NP )PP )NP (VP says (SBAR that (S (NP we )NP (VP will (VP manage (NP our fleet operations )NP (PP with (NP their advice )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP does n't (VP give (NP any particular group )NP (NP the ability (S (VP to (VP veto (NP change )NP )VP )VP )S )NP )VP )VP . '' )S  STOP
(S (ADVP Already )ADVP , (NP the fight )NP (VP has (VP been (ADJP costly )ADJP )VP )VP . )S  STOP
(S (NP The *UNK- controversy )NP , (ADVP along (PP with (NP the *UNK- dispute )NP )PP )ADVP , (VP has (VP been (VP turned (PRT over )PRT (PP to (NP the mediator )NP )PP )VP )VP )VP . )S  STOP
(SINV (S (ADVP Meanwhile )ADVP , (S (NP the company )NP (VP is (VP operating (PP with (NP two separate pilot groups and *UNK lists )NP )PP )VP )VP )S , and (S (NP that )NP (VP is (VP *UNKING (NP Federal )NP `` (NP a big number )NP )VP )VP )S )S , '' (VP says )VP (NP (NP James *UNKC )NP , (NP (NP executive vice president )NP and (NP chief operating officer )NP )NP )NP . )SINV  STOP
(S (NP The issue )NP (VP has (ADVP also )ADVP (VP cost (NP Federal management )NP (NP (NP a lot )NP (PP of (NP good will )NP )PP (PP among (NP its old pilots )NP )PP )NP )VP )VP . )S  STOP
(SINV `` (S (NP They )NP (VP were (ADJP willing (S (VP to (VP *UNK (NP us )NP )VP )VP )S )ADJP (SBAR because (S (NP we )NP (VP had n't (VP shown (NP (NP any *UNK )NP , (NP any resistance )NP )NP )VP )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP William *UNKC )NP , (NP a (NX (NX *UNKC pilot )NX and (NX *UNK- Federal veteran )NX )NX )NP )NP . )SINV  STOP
(SINV (VP *UNKC )VP (NP (NP John *UNKC )NP , (NP (NP a *UNKN *UNK )NP and (NP (NP past chairman )NP (PP of (NP the *UNKED *UNKC *UNKC Board )NP )PP )NP )NP )NP : `` (S (NP They )NP (VP 've (VP (VP made (NP all these *UNK *UNK )NP (PP to (NP the *UNKING Tiger pilots )NP )PP )VP , and (VP (PP for (NP us )NP )PP , (NP nothing )NP )VP )VP )VP )S . '' )SINV  STOP
(S (NP Such *UNK )NP (VP could (VP prove (ADJP *UNK )ADJP (PP in (NP the union vote )NP )PP )VP )VP . )S  STOP
(S (NP (NP A large majority )NP (PP of (NP the *UNKN former Tiger *UNK )NP )PP )NP (VP support (NP the union )NP , (PP according (PP to (NP a union study )NP )PP )PP )VP . )S  STOP
(S But (SBAR though (S (NP (NP most )NP (PP of (NP the *UNKN Federal pilots )NP )PP )NP (VP are (VP believed (S (ADJP opposed )ADJP )S )VP )VP )S )SBAR , (NP (NP it )NP )NP (VP is (ADJP unclear )ADJP (SBAR (WHADVP just how much )WHADVP (S (NP (NP their loyalty )NP (PP to (NP Mr. Smith )NP )PP )NP (VP has (VP been (VP *UNKED )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The fight )NP (VP (VP has (VP turned (ADJP *UNKLY )ADJP )VP )VP and (PRN , (PP among (NP pilots )NP )PP (ADVP at least )ADVP , )PRN (VP has (VP *UNKED (NP (NP the *UNK de *UNK )NP (SBAR (WHNP that )WHNP (S (NP Mr. Smith )NP (VP worked (ADVP so hard )ADVP (S (VP to (VP build )VP )VP )S )VP )S )SBAR )NP )VP )VP )VP . )S  STOP
(S (NP *UNKC pilots )NP (VP have (VP held (NP *UNKING parties )NP )VP )VP . )S  STOP
(S (NP Some younger pilots )NP (VP say (SBAR (S (NP they )NP (VP have (VP had (S (VP to (VP *UNK (NP (NP *UNK- *UNK )NP (PP by (NP senior pilots )NP )PP )NP (PP while (S (VP flying (PP across (NP the country )NP )PP )VP )S )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S And (PP for (NP now )NP )PP , (ADVP at least )ADVP , (NP the competition )NP (VP is n't (NP the only *UNK )NP )VP . )S  STOP
(S (NP (NP Barney *UNKC )NP , (NP (NP a *UNKN *UNK )NP and (NP (NP leader )NP (PP of (NP the *UNK- forces )NP )PP )NP )NP , )NP (VP said (SBAR (S (NP he )NP (VP (VP has (VP received (NP two *UNK death threats )NP )VP )VP and (VP been (VP challenged (PP to (NP (NP a fight )NP (PP with (NP tire *UNK )NP )PP )NP )PP (PP by (NP a *UNK )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP The pilots )NP (VP are (PP either (PP for (NP us )NP )PP or (PP (ADVP extremely )ADVP against (NP us )NP )PP )PP )VP )S , '' (NP he )NP (VP says (PP with (NP a *UNK )NP )PP )VP . )S  STOP
(S (NP *UNKC Corp. )NP (VP said (SBAR (S (NP it )NP (VP obtained (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP export order )NP (PP for (NP (NP *UNKED recovery vehicles )NP and (NP related support equipment )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP declined (S (VP to (VP say (SBAR (WHNP what country )WHNP (S (VP placed (NP the order )NP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP it )NP (VP received (NP (NP (NP an order )NP (PP for (NP (NP 23 )NP (PP of (NP (NP the vehicles )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP (NP tanks )NP and (NP other *UNKED vehicles )NP )NP (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP (VP break (PRT down )PRT )VP or (VP are (VP damaged )VP )VP )VP )S )SBAR )VP )S )SBAR , )NP )PP )NP )PP )NP and (NP (NP an option )NP (PP for (NP (NP 16 )NP (ADJP more )ADJP )NP )PP )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP is (S (VP to (VP begin (PP in (NP early 1991 )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (VP produces (NP (NP products )NP (PP for (NP (UCP defense , industrial , commercial and construction )UCP markets )NP )PP )NP )VP . )S  STOP
(S (NP The Senate )NP (VP convicted (NP (NP U.S. District Judge *UNKC Hastings )NP (PP of (NP Florida )NP )PP )NP (PP of (NP eight impeachment articles )NP )PP , (S (VP removing (NP the *UNK- judge )NP (PP from (NP his (ADJP $ *UNK- )ADJP , lifetime job )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP Mr. Hastings 's )NP case )NP (VP was (ADJP particularly *UNK )ADJP (SBAR because (S (NP it )NP (VP marked (NP (NP the first time )NP (SBAR (S (NP a federal official )NP (VP was (VP (VP *UNKED )VP and (VP removed (PP from (NP office )NP )PP )VP (PP on (NP (NP charges )NP (SBAR (WHPP of (WHNP which )WHNP )WHPP (S (NP a jury )NP (VP had (VP *UNKED (NP him )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP 1983 )NP )PP , (NP Mr. Hastings )NP (VP was (VP found (S (ADJP not guilty (PP of (NP (S (VP accepting (NP a (ADJP $ 150,000 )ADJP *UNK )NP (PP in (NP (NP a case )NP (PP before (NP him )NP )PP )NP )PP )VP )S , (NP (NP the central charge )NP (SBAR (WHPP on (WHNP which )WHNP )WHPP (S (NP the Senate )NP (VP convicted (NP him )NP )VP )S )SBAR )NP )NP )PP )ADJP )S )VP )VP . )S  STOP
(S (NP He )NP (VP was (NP only the sixth federal judge )NP (ADVP ever )ADVP (VP ousted (PP from (NP office )NP )PP (PP after (NP an impeachment trial )NP )PP )VP )VP . )S  STOP
(S (PP With (NP no floor debate )NP )PP , (NP the Senate )NP (PP on (NP Friday )NP )PP (VP voted (ADVP *UNKN )ADVP (S (VP to (VP *UNK (NP Mr. Hastings )NP (PP of (NP (NP *UNK )NP and (S (VP *UNKING (S (VP to (VP accept (NP a bribe )NP )VP )VP )S )VP )S )NP )PP )VP )VP )S , (ADVP (ADVP (NP five votes )NP more )ADVP (PP than (FRAG (VP needed )VP )FRAG )PP )ADVP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP on (NP any single impeachment article )NP )PP )NP (VP was (ADJP enough (S (VP to (VP remove (NP Judge Hastings )NP (PP from (NP office )NP )PP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP He )NP (VP was (VP found (S (ADJP not guilty (PP of (NP (NP three charges )NP , (VP involving (NP accusations (SBAR that (S (NP he )NP (VP had (ADVP improperly )ADVP (VP disclosed (NP (NP information )NP (PP about (NP a sensitive , government investigation )NP )PP )NP )VP )VP )S )SBAR )NP )VP )NP )PP )ADJP )S )VP )VP . )S  STOP
(S (NP The Senate )NP (VP did n't (VP vote (PP on (NP six lesser charges )NP )PP )VP )VP . )S  STOP
(S (SBAR Although (S (NP Mr. Hastings )NP (VP had (VP been (VP *UNKED (PP by (NP a jury )NP )PP )VP )VP )VP )S )SBAR , (NP (NP lawmakers )NP (VP handling (NP the prosecution )NP (PP in (NP Congress )NP )PP )VP )NP (VP had (VP argued (SBAR that (S (NP (NP the purpose )NP (PP of (NP impeachment )NP )PP )NP (VP is n't (S (VP to (VP *UNK (NP an individual )NP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP Instead )ADVP , (NP they )NP (VP argued (SBAR that (S (NP impeachment )NP (VP aims (S (VP to (VP protect (NP public institutions )NP (PP from (NP (NP people )NP (SBAR (WHNP who )WHNP (S (VP have (VP *UNKED (NP (NP their positions )NP (PP of (NP trust )NP )PP )NP )VP )VP )S )SBAR )NP )PP , (ADVP *UNK (PP of (NP (NP the outcome )NP (PP of (NP prior (ADJP criminal or civil )ADJP cases )NP )PP )NP )PP )ADVP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Hastings )NP (VP (VP faced (NP the senators )NP )VP and (VP sat (ADVP *UNKLY )ADVP (PP during (NP the first two *UNK- votes )NP )PP )VP , then (VP (ADVP quickly )ADVP left (NP the chamber )NP )VP )VP . )S  STOP
(S (PP In (NP (NP an *UNK news conference )NP (PP on (NP the Capitol steps )NP )PP )NP )PP , (NP he )NP (VP *UNKED (NP (NP the senators ' )NP action )NP )VP . )S  STOP
(S `` (S (NP Their opinion )NP (VP is (ADJP *UNK (PP of (NP (NP the wisdom )NP (PP of (NP (NP (NP the *UNK ' )NP teaching )NP (VP regarding (NP impeachment )NP )VP )NP )PP )NP )PP )ADJP )VP )S , '' (NP Mr. Hastings )NP (VP said )VP . )S  STOP
(S (PP For (NP the future )NP )PP , (NP he )NP (VP said (SBAR (S (NP he )NP (VP would (VP run (PP for (NP (NP governor )NP (PP of (NP Florida )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Hastings )NP (VP (VP was (VP appointed (PP to (NP the federal bench )NP )PP (PP by (NP President Carter )NP )PP (PP in (NP 1979 )NP )PP )VP )VP and (VP was (NP (NP one )NP (PP of (NP (NP the few black federal judges )NP (PP in (NP the country )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (SBAR While (S (NP he )NP (VP *UNKED (NP the Senate gallery )NP (PP with (NP his supporters )NP )PP (PP during (NP (NP some )NP (PP of (NP the impeachment trial )NP )PP )NP )PP )VP )S )SBAR , (NP most civil rights groups )NP (VP kept (NP their distance )NP (PP from (NP his case )NP )PP )VP . )S  STOP
(S (PP Following (NP the impeachment conviction )NP )PP , (NP (NP Dr. Benjamin *UNKC )NP , (NP (NP executive )NP director (PP of (NP (NP the National Association )NP (PP for (NP (NP the *UNKC )NP (PP of (NP *UNKED People )NP )PP )NP )PP )NP )PP )NP , )NP (VP issued (NP a *UNKED statement )NP , (S (VP (VP warning (SBAR that (S (NP the Hastings case )NP (VP could (VP set (NP a `` dangerous *UNK )NP )VP )VP )S )SBAR )VP , '' but (VP adding , `` (S (NP We )NP (VP must (VP respect (NP (NP the considered judgment )NP (PP of (NP the Senate )NP )PP )NP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (ADVP last )ADVP (NP we )NP (VP left (NP him )NP )VP )S )SBAR , (NP FBI *UNKC *UNKC Mancuso )NP (VP had (VP (VP *UNKED (NP a murder mystery )NP )VP , (VP *UNKED (NP a Washington political scandal )NP )VP , and (VP *UNKED (PRT up )PRT (NP some (ADJP pretty good )ADJP ratings numbers )NP (PP in (NP (NP the *UNK )NP `` (NP *UNKC *UNKC )NP )NP )PP )VP )VP )VP . '' )S  STOP
(FRAG (WHNP What next )WHNP (PP for (NP (NP the *UNK FBI agent )NP (PP with (NP (NP the heart )NP (PP of (NP gold )NP )PP )NP )PP )NP )PP ? )FRAG  STOP
(FRAG (NP A spinoff series )NP , (PP of (NP course )NP )PP . )FRAG  STOP
(S (S (NP There )NP (VP are (NP (NP plenty )NP (PP of (NP (NP worse *UNK )NP (PP for (NP shows )NP )PP )NP )PP )NP )VP )S -- and (S (NP (NP most )NP (PP of (NP them )NP )PP )NP (VP had (ADVP already )ADVP (VP made (NP the fall *UNK )NP )VP )VP )S : )S  STOP
(NP (NP a *UNK )NP (VP raising (NP some *UNK *UNK )NP )VP . )NP  STOP
(NP (NP A *UNK mother )NP (VP raising (NP some *UNK *UNK models )NP )VP . )NP  STOP
(NP (NP (NP A *UNK )NP (PP of (NP (NP *UNK )NP and (NP *UNKING suits )NP )NP )PP )NP (VP *UNKING (PP as (NP *UNK *UNK )NP )PP )VP . )NP  STOP
(S (PP In (NP that context )NP )PP , (NP (NP (NP Robert *UNKC 's )NP *UNKING performance )NP (PP as (NP the *UNK (PRN -- even (ADJP *UNK )ADJP -- )PRN veteran agent )NP )PP )NP (VP seems (NP (NP a better franchise )NP (PP for (NP a series )NP )PP (PP than (NP most )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP by (NP week )NP )PP )NP (PP on (NP `` (NP Mancuso FBI )NP '' (PRN -LRB- (NP NBC )NP , (NP (NP *UNKC )NP , (NP 10 *UNK . *UNK )NP )NP -RRB- )PRN )NP )PP , (NP (NP he )NP )NP (VP *UNK (PP around (NP (NP the crime styles )NP (PP of (NP (NP the (ADJP rich , famous and powerful )ADJP )NP (PP of (NP the Washington scene )NP )PP )NP )PP )NP )PP -- (NP (NP a loose *UNK )NP (PP on (NP *UNK )NP )PP (PP at (NP the FBI )NP )PP )NP )VP . )S  STOP
(S (PP Over (NP the first few weeks )NP )PP , `` (NP Mancuso FBI )NP '' (VP (VP has (VP *UNK (PP (ADVP straight )ADVP from (NP the *UNK )NP )PP )VP )VP , (SBAR (WHNP which )WHNP (S (VP is (NP either (NP (NP a *UNK *UNK )NP (PP at (NP *UNK )NP )PP )NP , or (NP (NP a lack )NP (PP of (NP *UNK )NP )PP )NP , or (NP both )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The opening show )NP (VP featured (NP (NP a (NAC secretary (PP of (NP defense )NP )PP )NAC *UNK )NP (VP accused (PP of (S (VP *UNKING (PRN -LRB- (PP a la (NP John Tower )NP )PP -RRB- )PRN )VP )S )PP )VP )NP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP his secretary )NP (VP is (VP found (S (VP floating (S (ADJP dead )ADJP )S (PP in (NP (NP the *UNK 's )NP pool )NP )PP )VP )S )VP )VP )S )SBAR , (NP Mancuso )NP (VP is (VP called (PRT in )PRT (S (VP to (VP investigate )VP )VP )S )VP )VP . )S  STOP
(S (NP Last week )NP , (NP a young black *UNK )NP (VP claimed (SBAR (S (NP she )NP (VP had (VP been (VP *UNKED (PP by (NP a white police officer )NP )PP (PRN -LRB- (PP a la (NP *UNKC *UNKC )NP )PP -RRB- )PRN )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP this week 's )NP show )NP )PP , (NP there )NP (VP 's (NP an *UNK nuclear *UNKING facility )NP (PRN -LRB- (PP a la (NP *UNKC *UNKC )NP )PP -RRB- )PRN )VP . )S  STOP
(S (PP Along (NP the way )NP )PP , (NP we )NP (VP 're (VP introduced (PP to (NP (NP the supporting cast )NP : (NP (NP (NP a *UNK *UNK secretary )NP -LRB- (NP *UNKC *UNKC )NP (PRN -- (FRAG (NP her real name )NP , (ADVP *UNK )ADVP )FRAG )PRN -RRB- )NP , (NP (NP a *UNKING young boss )NP -LRB- (NP *UNKC *UNKC )NP -RRB- )NP , (NP (NP (NP another *UNK *UNK )NP (SBAR (WHNP who )WHNP (S (VP 's (ADVP also )ADVP (NP an *UNK lawyer )NP )VP )S )SBAR )NP -LRB- (NP *UNKC *UNKC )NP -RRB- )NP , and (NP (NP a *UNK expert )NP -LRB- (NP Charles *UNKC )NP -RRB- )NP )NP )NP )PP )VP )VP . )S  STOP
(S (SBAR If (S (NP (NP all )NP (PP of (NP this )NP )PP )NP (VP seems (NP a little *UNK )NP )VP )S )SBAR , (NP it )NP (VP 's (VP redeemed (PP in (NP part )NP )PP (PP by (NP some *UNK plot *UNK )NP )PP )VP )VP : )S  STOP
(S (NP The usual *UNK )NP (VP are (VP found (S (VP to (VP be (ADJP (ADJP guilty )ADJP , then (ADJP not guilty )ADJP , then (ADJP guilty -- (PP but (PP of (NP a different crime )NP )PP )PP )ADJP )ADJP )VP )VP )S )VP )VP . )S  STOP
(S -LRB- (PP In (NP (NP last week 's )NP rape case )NP )PP , (PP for (NP example )NP )PP , (S (NP the *UNK )NP (VP turns (PRT out )PRT (S (VP to (VP have (VP been (NP (NP a victim )NP (PP of (NP incest )NP )PP )NP )VP )VP )VP )S )VP )S , and (S (NP the biggest *UNK )NP (VP are (NP (NP the politicians )NP (SBAR (WHNP who )WHNP (S (VP exploit (NP the case )NP )VP )S )SBAR )NP )VP )S . -RRB- )S  STOP
(S (NP (NP Most )NP (PP of (NP all )NP )PP )NP (ADVP though )ADVP , (NP the show )NP (VP is (VP redeemed (PP by (NP (NP the character )NP (PP of (NP Mancuso )NP )PP )NP )PP )VP )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (VP makes (S (NP the veteran FBI man )NP (ADJP so *UNKING )ADJP )S )VP )S )SBAR (VP is (NP (NP his *UNK- *UNK )NP -- (VP earned (PRN , (S (NP we )NP (VP *UNK )VP )S , )PRN (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP was (VP assigned (PP to (NP the civil rights movement )NP )PP (ADVP back (PP in (NP the 1960s )NP )PP )ADVP )VP )VP )S )SBAR )VP )NP )VP . )S  STOP
(S (S (NP He )NP (VP was n't (VP protecting (NP the *UNKC *UNKC )NP )VP )VP )S ; (S (NP he )NP (VP was (VP *UNKING (NP them )NP (PP as (NP *UNK )NP )PP )VP )VP )S . )S  STOP
(S (S (NP This )NP (VP is not (NP (NP the `` Mississippi *UNKING '' scenario )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP his young colleagues )NP )VP )S )SBAR )NP )VP )S : (S `` (S (NP *UNKC )NP , (NP you )NP (VP 've (VP been (VP reading (NP *UNKC *UNKC )NP (ADVP too long )ADVP )VP )VP )VP )S , '' (NP Mancuso )NP (VP says )VP )S . )S  STOP
(S `` (PP Back in (NP *UNKN )NP )PP , (NP the FBI )NP (VP had (NP five black agents )NP )VP . )S  STOP
(S (S (NP Three )NP (VP were (NP (NP *UNK )NP (PP for (NP J. *UNKC *UNKC )NP )PP )NP )VP )S , and (S (NP two )NP (VP *UNKED (NP his house )NP )VP )S . '' )S  STOP
(SINV (PP At (NP (NP the core )NP (PP of (NP (NP Mr. *UNKC 's )NP Mancuso )NP )PP )NP )PP (VP is )VP (NP his *UNK- *UNK )NP . )SINV  STOP
(S (NP He )NP (VP describes (NP a reporter )NP (PP as `` (NP Miss First Amendment )NP )PP )VP . '' )S  STOP
(S (NP He )NP (VP describes (NP a *UNKED *UNK )NP (PP as `` (NP *UNKC Williams )NP )PP )VP . '' )S  STOP
(S And (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP 's (VP told `` (S (VP *UNKC (NP a little *UNK )NP )VP )S )VP )VP )S )SBAR , '' (NP he )NP (VP *UNK (PRT back )PRT `` (S (NP I )NP (VP 'm (VP going (ADVP home )ADVP (S (VP to (VP try (NP a little *UNK )NP )VP )VP )S )VP )VP )S )VP . '' )S  STOP
(S Yet (PP for (NP all his *UNK )NP )PP , (NP he )NP (VP 's (PP at (NP heart )NP )PP (NP (NP a *UNK *UNK )NP , (NP (NP a *UNK )NP (PP with (NP (NP a secret crush )NP (PP on (NP (NP truth )NP , (NP justice )NP and (NP the American Way )NP )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (NP He )NP (VP 's (NP (NP the kind )NP (PP of (NP guy )NP )PP (SBAR (WHNP who )WHNP (S (VP *UNK (NP *UNKED *UNK )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (SBAR If (S `` (NP Mancuso FBI )NP '' (VP has (NP an *UNKING central character )NP )VP )S )SBAR , (NP it )NP (ADVP also )ADVP (VP has (NP a major *UNK )NP )VP : )S  STOP
(S (NP It )NP (VP 's (ADJP wildly *UNK )ADJP )VP . )S  STOP
(S (NP (NP Executive *UNKC Steve Sohmer and Jeff *UNKC )NP -LRB- and (NP *UNK *UNKC *UNKC and Steve *UNKC )NP -RRB- )NP (VP have (VP *UNKED (NP this show )NP (PRT up )PRT (PP to (NP the breaking point )NP )PP )VP )VP . )S  STOP
(S (S (VP To (VP start )VP )VP )S , (S (NP there )NP (VP 's (ADVP always )ADVP (NP a crisis )NP )VP )S -- and (S (NP someone )NP (ADVP always )ADVP (VP worries , `` (FRAG (WHNP What )WHNP (SBAR if (S (NP the press )NP (VP gets (NP a hold )NP (PP of (NP this )NP )PP )VP )S )SBAR )FRAG )VP )S ? '' )S  STOP
(S (ADVP (ADVP At least once )ADVP (NP an episode )NP )ADVP (NP we )NP (VP see (S (NP *UNK )NP (VP *UNKING (ADVP around )ADVP (S (VP *UNKING (NP *UNK )NP )VP )S )VP )S )VP . )S  STOP
(S (ADVP At least once )ADVP (NP (NP Mancuso 's )NP boss )NP (VP (VP *UNK `` (FRAG (PP In (NP here )NP )PP -- (ADVP now )ADVP )FRAG )VP , '' and (VP proceeds (S (VP to (VP dress (NP his *UNK )NP (PRT down )PRT )VP )VP )S )VP )VP : )S  STOP
(S `` (NP You )NP (VP are (NP (NP a *UNK )NP ... (NP (NP a *UNK )NP (PP in (NP a (ADJP $ 10 )ADJP suit )NP )PP )NP )NP )VP ... )S  STOP
(FRAG (NP One more word )NP and (S (NP you )NP (VP are (ADVP out (PP on (NP a park bench )NP )PP )ADVP , (NP *UNK )NP )VP )S . '' )FRAG  STOP
(S (S (ADVP Finally )ADVP , (PP of (NP course )NP )PP , (NP the boss )NP (VP gives (PRT in )PRT )VP )S , but (S (NP he )NP (VP 's (ADVP still )ADVP (VP *UNKING : `` (S (S (NP I )NP (VP find (S (NP myself )NP (VP explaining (NP anything )NP (PP to (NP Teddy Kennedy )NP )PP )VP )S )VP )S , (S (NP you )NP (VP 'll (VP be (VP *UNKING (NP stolen cars )NP (PP in (NP *UNKC )NP )PP )VP )VP )VP )S )S )VP )VP )S . '' )S  STOP
(S (PP In (NP fact )NP )PP , (PP throughout `` (NP Mancuso FBI )NP )PP , '' (S (NP we )NP (VP do n't (VP get (NP words or lines )NP )VP )VP )S -- (S (NP we )NP (VP get (NP *UNK )NP )VP )S . )S  STOP
(S (NP *UNKC )NP (VP (VP *UNK )VP , (VP *UNK )VP , (VP *UNK )VP : `` ... (NP a dream (SBAR that (S (NP the *UNK )NP (VP could (VP be (VP saved (PP (PP from (NP itself )NP )PP and (PP from (NP (NP the *UNK *UNK creatures )NP (SBAR (WHNP who )WHNP (S (VP try (S (VP to (VP *UNK (PRT down )PRT (NP (NP every decent man )NP (SBAR (WHNP who )WHNP (S (VP raises (NP his voice )NP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )NP )PP )PP )VP )VP )VP )S )SBAR )NP )VP . '' )S  STOP
(S (S And (NP (NP Mancuso )NP (NP himself )NP )NP (VP is (VP investigating (PP at (NP (NP the top )NP (PP of (NP his *UNK )NP )PP )NP )PP )VP )VP )S : (S `` (SBARQ (WHADVP How (NP the *UNK )NP )WHADVP (SQ can (NP you )NP (VP live (PP with (NP yourself )NP )PP )VP )SQ )SBARQ ? '' (NP he )NP (VP *UNK (PP at (NP a politician )NP )PP )VP )S . )S  STOP
(S `` (NP You )NP (VP *UNK (NP (NP people 's )NP trust )NP )VP . )S  STOP
(S (NP You )NP (VP built (NP your career )NP (PP on (NP *UNK and hate )NP )PP )VP . )S  STOP
(S (NP The *UNK )NP (VP will (VP be (ADVP here )ADVP (SBAR (NP years )NP after (S (NP the polls )NP (VP close )VP )S )SBAR )VP )VP . '' )S  STOP
(S (PP In (NP each show )NP )PP , (NP Mancuso )NP (VP gets (S (VP to (VP *UNK (NP similar *UNK )NP )VP )VP )S )VP : )S  STOP
(SBARQ `` (WHADVP Where (NP the *UNK )NP )WHADVP (SQ are (NP they )NP (VP *UNK (S (VP *UNK (VP live (SBAR (WHADVP when )WHADVP (S (NP (NP people )NP (PP like (NP you )NP )PP )NP (VP turn (NP the world )NP (PP into (NP a (ADJP big *UNK )ADJP waste dump )NP )PP )VP )S )SBAR )VP )VP )S )VP )SQ ? )SBARQ  STOP
(S (S (NP You )NP (VP 're (NP the real criminal )NP (ADVP here )ADVP )VP )S ... and (S (S (SBAR (WHNP what )WHNP (S (NP you )NP (VP did )VP )S )SBAR (VP was n't (NP just a murder )NP )VP )S -- (S (NP it )NP (VP was (NP (NP a crime )NP (PP against (NP *UNK )NP )PP )NP )VP )S )S . '' )S  STOP
(S And , (ADVP (ADVP at least once )ADVP (NP a show )NP )ADVP , (NP someone )NP (VP *UNK (NP (NP the line )NP `` (S (VP *UNKC (PP off (NP that *UNK )NP )PP )VP )S )NP )VP . '' )S  STOP
(S (ADVP Now )ADVP (NP that )NP (VP 's (NP (NP advice )NP (SBAR (S (NP the writers )NP (VP should (VP take (PP to (NP heart )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP They )NP (VP have (NP (NP a series )NP (PP with (NP (NP a good character )NP , (NP some interesting (PRN , (ADVP even )ADVP (ADVP occasionally )ADVP (ADJP surprising )ADJP )PRN plot lines )NP )NP )PP )NP )VP )S , and (S (NP they )NP (VP 're (VP *UNKING (NP it )NP )VP )VP )S . )S  STOP
(SBARQ (WHADVP Why )WHADVP , (SQ (SBAR (WHADVP when )WHADVP (S (NP a key witness )NP (VP *UNK )VP )S )SBAR , does (NP Mancuso )NP (VP *UNK (NP her apartment )NP , (S (VP (VP *UNKING (PRT down )PRT (NP *UNK )NP )VP , (VP *UNKING (NP walls )NP )VP )VP )S )VP )SQ ? )SBARQ  STOP
(S (NP It )NP (VP 's (NP a (ADJP (ADJP *UNK )ADJP and (ADJP totally *UNK )ADJP )ADJP reaction )NP , (S all (VP to (VP add (NP more *UNK )NP (PP to (NP (NP a script )NP (SBAR (WHNP that )WHNP (S (VP 's (ADVP already )ADVP (VP *UNKING (PP on (NP *UNK )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP That )NP (VP 's not (NP plot )NP )VP . )S  STOP
(S (NP That )NP (VP 's not (NP character )NP )VP . )S  STOP
(S (NP That )NP (VP 's (NP *UNKING )NP )VP . )S  STOP
(S (NP There )NP (VP is (NP (NP a scene )NP (PP at (NP (NP the end )NP (PP of (NP (NP the first week 's )NP show )NP )PP )NP )PP (SBAR (WHADVP where )WHADVP (S (NP Mancuso )NP (VP *UNK (NP (NP the *UNKING )NP (PP of (NP (NP the *UNK )NP (PP to (NP his dead partner David )NP )PP )NP )PP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (S (VP Asked (S (VP to (VP say (NP a few words )NP )VP )VP )S )VP )S , (NP he )NP (VP (VP *UNK (ADVP out )ADVP (NP (NP his *UNKED piece )NP (PP of (NP paper )NP )PP )NP )VP and (VP tries (S (VP to (VP talk )VP )VP )S )VP )VP )S , but (S (NP he )NP (VP 's (ADJP too *UNKED (PRT up )PRT (SBAR (S (VP to (VP get (NP the words )NP (PRT out )PRT )VP )VP )S )SBAR )ADJP )VP )S . )S  STOP
(S (NP He )NP (VP (VP *UNK (PP on (NP (NP the piece )NP (PP of (NP paper )NP )PP )NP )PP (PP in (NP frustration )NP )PP )VP , then (VP (VP turns )VP and (VP *UNK (ADVP away )ADVP )VP )VP )VP . )S  STOP
(S (S (NP It )NP (VP was (NP (NP a (ADJP *UNKLY moving )ADJP moment )NP (PP for (NP series television )NP )PP )NP )VP )S , and (S (NP (NP Robert *UNKC 's )NP acting )NP (VP *UNKED (PP in (NP the *UNK )NP )PP )VP )S . )S  STOP
(S (NP There )NP (VP 's (NP a (ADJP pretty good )ADJP program )NP (PP inside (NP (NP all the *UNK )NP (PP of `` (NP Mancuso FBI )NP )PP )NP )PP )VP . '' )S  STOP
(S (SBAR If (S (NP (NP the show 's )NP *UNK )NP (VP could (ADVP just )ADVP (VP let (S (NP themselves )NP (VP be (ADJP quiet )ADJP (PP for (NP a little )NP )PP )VP )S )VP )VP )S )SBAR , (NP they )NP (VP might (ADVP just )ADVP (VP hear (NP it )NP )VP )VP . )S  STOP
(S (S (PP With (NP (NP a *UNKC )NP (PP of (NP the *UNKC )NP )PP )NP )PP (NP (NP (NP *UNKC )NP (PP with (NP *UNK )NP )PP )NP , and (NP *UNKC *UNK )NP , And (NP (NP *UNKC types )NP (PP with (NP (NP *UNK )NP (PP in (NP their *UNK )NP )PP )NP )PP )NP , )NP (VP *UNKC (NP a goal )NP (PP in (ADJP common )ADJP )PP )VP )S , (S (NP (NP all )NP (PP of (NP them )NP )PP )NP (VP try (S (VP To (VP put (NP the right spin )NP (PP on (NP it )NP )PP )VP )VP )S )VP )S . )S  STOP
(NP -- George O. *UNKC . )NP  STOP
(NP Net *UNKC )NP  STOP
(S (S (S (NP Investment letters )NP (ADVP now )ADVP (VP *UNK )VP )S , (S (NP I )NP (ADVP really )ADVP (VP like (S (VP to (VP read (NP them )NP )VP )VP )S )VP )S )S ; (S (SBAR If (S (NP I )NP (VP *UNK (NP enough )NP )VP )S )SBAR , (NP I )NP (VP 've (VP found (SBAR (S (NP I )NP (VP 've (NP (NP no time )NP (VP left )VP (SBAR (S (VP to (VP *UNKED (NP them )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP )S ! )S  STOP
(NP -- *UNKC *UNKC . )NP  STOP
(NP *UNKC )NP  STOP
(NP (NP TV *UNK )NP : (NP *UNK )NP . )NP  STOP
(NP -- *UNKC *UNKC May . )NP  STOP
(S (NP Texaco Inc. )NP (VP (VP has (VP purchased (NP (NP an *UNKING company )NP (PP in (NP Texas )NP )PP )NP (PP for (NP (QP $ *UNKN million )QP )NP )PP )VP )VP , (NP (NP its first major acquisition )NP (SBAR since (S (NP (NP its legal *UNK )NP (PP with (NP Pennzoil Co. )NP )PP )NP (VP began (ADVP (NP (QP more than four )QP years )NP ago )ADVP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The (NAC White *UNKC , N.Y. , )NAC oil company )NP (VP said (NP Friday )NP (SBAR that (S (NP it )NP (VP had (VP acquired (NP (NP *UNKC *UNKC Corp. )NP , (NP (NP a subsidiary )NP (PP of (NP *UNKC Energy Holdings Inc. )NP )PP )NP , )NP (PP for (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP cash )NP )PP )NP )PP , (PP with (NP (NP the rest )NP (SBAR (S (VP to (VP be (VP paid (PP in (NP (NP shares )NP (PP of (NP (NP a new , *UNKING issue )NP (PP of (NP preferred stock )NP )PP )NP )PP )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP holds (NP (NP properties )NP (PP in (NP (NP 17 oil and gas fields )NP (PP in (NP south Texas )NP )PP )NP )PP )NP )VP )S )SBAR , )NP (VP will (VP provide (NP Texaco )NP (PP with (NP mostly gas reserves )NP )PP )VP )VP . )S  STOP
(S (NP The fields )NP (VP contain (NP (NP *UNK reserves )NP (PP of (NP (NP (NP (QP *UNKN billion )QP cubic feet )NP (PP of (NP natural gas )NP )PP )NP and (NP (NP (QP four million )QP barrels )NP (PP of (NP oil )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(SINV `` (S (NP This acquisition )NP (VP is (NP (NP another indication )NP (PP of (NP (NP Texaco 's )NP commitment (S (VP to (VP increase (NP (NP the company 's )NP reserve base )NP )VP )VP )S )NP )PP )NP )VP )S , '' (VP said )VP (NP Chief Executive *UNKC James W. *UNKC )NP . )SINV  STOP
(S (NP Texaco )NP (VP has (ADVP also )ADVP (VP been (VP attempting (S (VP to (VP sell (NP oil properties )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (ADVP (NP (QP At least two )QP years )NP ago )ADVP , (NP the company )NP (VP put (NP (NP (QP 60 million )QP barrels )NP (PP of (NP oil reserves )NP )PP )NP (PP on (NP the block )NP )PP )VP . )S  STOP
(S (S (NP They )NP (VP were (ADJP (ADJP either too small or *UNK )ADJP (SBAR (S (VP to (VP maintain )VP )VP )S )SBAR )ADJP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP (NP Not all )NP (PP of (NP those *UNK )NP )PP )NP (VP have (ADVP yet )ADVP (VP been (VP sold )VP )VP )VP . )S  STOP
(S (S (NP Texaco )NP (VP acquired (NP *UNKC )NP (SBAR before (S (NP it )NP (VP completed (NP those sales )NP )VP )S )SBAR (SBAR because (S (NP (NP *UNKC 's )NP properties )NP (VP are (UCP (ADJP high quality )ADJP and (PP near (NP (NP other fields )NP (SBAR (S (NP Texaco )NP (ADVP already )ADVP (VP owns )VP )S )SBAR )NP )PP )UCP )VP )S )SBAR )VP )S , (NP a company spokeswoman )NP (VP said )VP . )S  STOP
(S (NP Texaco )NP , (PP like (NP many other oil companies )NP )PP , (VP has (VP been (VP struggling (S (VP to (VP replace (NP its falling oil and gas reserves )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP (NP Texaco 's )NP situation )NP (VP had (VP become (ADJP particularly complex )ADJP (SBAR because (S (NP (NP much )NP (PP of (NP its effort )NP )PP )NP (VP had (PP for (NP years )NP )PP (VP been (VP focused (PP (PP on (NP (NP its *UNK )NP (PP with (NP Pennzoil )NP )PP )NP )PP and then (PP on (NP (NP New York investor Carl C. Icahn 's )NP attempt (S (VP to (VP take (PRT over )PRT (NP the company )NP )VP )VP )S )NP )PP )PP )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Pennzoil )NP (VP had (VP sued (NP Texaco )NP (PP for (S (ADVP improperly )ADVP (VP *UNKING (PP with (NP (NP its acquisition )NP (PP of (NP (NP a portion )NP (PP of (NP *UNKC Oil Co )NP )PP )NP )PP )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S (ADVP Eventually )ADVP , (NP (NP Texaco )NP , (SBAR (WHNP which )WHNP (S (VP was (VP forced (PP into (NP bankruptcy proceedings )NP )PP (PP by (NP that litigation )NP )PP )VP )VP )S )SBAR , )NP (VP settled (NP (NP its fight )NP (PP with (NP Pennzoil )NP )PP )NP (PP for (NP (QP $ 3 billion )QP )NP )PP (PP in (NP 1986 )NP )PP )VP . )S  STOP
(S (NP (NP Mr. Icahn )NP , (SBAR (WHNP who )WHNP (S (VP (VP played (NP a key role )NP (PP in (NP the settlement )NP )PP )VP and (VP attempted (ADVP subsequently )ADVP (S (VP to (VP take (NP (NP control )NP (PP of (NP the company )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR , )NP (VP sold (NP (NP his stake )NP (PP in (NP Texaco )NP )PP )NP (NP just last summer )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP (NP (NP Texaco 's )NP acquisition )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP (VP is (ADJP subject (PP to (NP government approval )NP )PP )ADJP (PP under (NP the *UNKC *UNKC *UNKC Act )NP )PP )VP . )S  STOP
(S (NP *UNKC Inc. )NP (VP said (SBAR (S (NP it )NP (VP reduced (NP (NP the estimated cash distribution )NP (PP for (NP its Capital Housing and Mortgage Partners Inc. trust )NP )PP )NP (PP to (PP between (NP (NP (NP 71 cents )NP and (NP 74 cents )NP )NP (NP a share )NP )NP )PP )PP , (PP from (PP between (NP (NP 75 cents )NP and (NP 80 cents )NP )NP )PP )PP , (PP for (NP (NP the year )NP (VP ending (NP June 9 , 1990 )NP )VP )NP )PP )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP (NP The change )NP (PP in (NP (NP expected cash *UNK )NP (PP from (NP the *UNKC real estate investment trust )NP )PP )NP )PP )NP (VP stems (PP from (NP (NP a revised estimate )NP (PP of (NP administrative costs )NP )PP )NP )PP )VP )S , (VP said )VP (NP (NP Jay R. Cohen )NP , (NP *UNKC executive vice president )NP )NP . )SINV  STOP
(S (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP sponsors (NP *UNKC )NP )VP )S )SBAR , )NP (VP is (NP a world-wide real estate investment firm )NP )VP . )S  STOP
(S (NP *UNKC *UNKC Inc. )NP (VP had (NP (NP net income )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP )NP (PP in (NP (NP the fiscal year )NP (VP ended (NP April 30 )NP )VP )NP )PP )VP . )S  STOP
(S (NP The figure )NP (VP was (VP (ADVP incorrectly )ADVP shown (PP as (NP a net loss )NP )PP (PP in (NP (NP a chart )NP (VP accompanying (NP (NP Friday 's )NP (S (VP *UNKC (PP on (NP the Street )NP )PP )VP )S column )NP )VP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Your Oct. 2 article )NP (PP on (NP Daniel *UNKC )NP )PP )NP (VP cited (NP (NP the *UNK )NP (S `` (NP A good name )NP (VP is (ADJP (ADJP better )ADJP (PP than (NP great *UNK )NP )PP )ADJP )VP '' )S )NP (PP as (S (VP being (PP from (NP (NP *UNKC ' )NP `` (NX Don *UNKC )NX )NP )PP )VP )S )PP )VP . '' )S  STOP
(S (S (ADVP *UNKLY )ADVP , (NP *UNKC )NP (VP borrowed (NP that *UNK )NP (PP from (NP (NP a writer )NP (PP of (NP (NP some 25 *UNK )NP (ADVP earlier )ADVP )NP )PP )NP )PP )VP )S : (S (NP (NP Israel 's )NP King *UNKC )NP (VP wrote (NP those words )NP (PP in (NP (NP (NP the *UNKC )NP (PP of (NP *UNKC )NP )PP )NP -LRB- (NP *UNKN )NP -RRB- )NP )PP )VP )S . )S  STOP
(NP Michael E. Hill )NP  STOP
(S (S (NP Japan )NP (VP had (NP (NP an *UNKED trade surplus )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP (PP for (NP (NP the first 10 days )NP (PP of (NP October )NP )PP )NP )PP , (ADVP down (PP from (NP (QP $ *UNKN billion )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )VP )S , (NP the Finance Ministry )NP (VP said )VP . )S  STOP
(S (NP The latest drop )NP (VP shows (SBAR (S (NP (NP the narrowing )NP (PP in (NP (NP the nation 's )NP trade gap )NP )PP (VP reflected (PP in (NP *UNK full monthly reports )NP )PP )VP )NP (VP is (VP continuing )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The report )NP (VP follows (NP (NP *UNK- declines )NP (PP in (NP full monthly figures )NP )PP )NP )VP . )S  STOP
(S (NP Imports )NP (VP (VP rose (ADVP sharply )ADVP (PP in (NP the period )NP )PP , (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP , (NP (NP a change )NP (PP of (NP 28 % )NP )PP )NP )VP . )S  STOP
(S (NP (NP Exports )NP (PP during (NP the period )NP )PP )NP (VP were (NP (NP (QP $ *UNKN billion )QP )NP , (PP (NP 2.6 % )NP below (NP (NP (QP $ 7.20 billion )QP )NP (ADVP (NP a year )NP ago )ADVP )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC AG 's )NP chairman )NP (VP said (SBAR (S (NP the Belgian insurer )NP (VP is (ADJP prepared (S (VP to (VP give (PRT up )PRT (NP (NP some )NP (PP of (NP its independence )NP )PP )NP (PP to (NP a white knight )NP )PP )VP )VP )S )ADJP (SBAR if (FRAG (S (ADJP necessary )ADJP (S (VP to (VP *UNK (NP a raider )NP )VP )VP )S )S )FRAG )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP *UNKC (NP (NP heavy buying )NP (PP of (NP shares )NP )PP (PP in (NP (NP Belgium 's )NP largest insurer )NP )PP )NP )PP , (NP *UNKC *UNKC )NP (ADVP also )ADVP (VP warned (PP in (NP an interview )NP )PP (SBAR that (S (NP a white knight )NP , (PP in (S (VP buying (PRT out )PRT (NP a raider )NP )VP )S )PP , (VP could (VP leave (NP speculators )NP (PP with (NP (NP big losses )NP (PP on (NP their AG stock )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Since (NP (NP the beginning )NP (PP of (NP the year )NP )PP )NP )PP , (NP the stock )NP (VP has (VP (ADVP nearly )ADVP doubled , (S (VP giving (NP AG )NP (NP (NP a market value )NP (PP of (NP (NP (QP about 105 billion )QP Belgian francs )NP -LRB- (NP (QP $ 2.7 billion )QP )NP -RRB- )NP )PP )NP )VP )S )VP )VP . )S  STOP
(S (NP The (ADJP most likely )ADJP white knight )NP (VP would (VP be (NP (NP Societe Generale de *UNKC S.A. )NP , (SBAR (SBAR (WHNP which )WHNP (S (ADVP already )ADVP (VP owns (NP (NP 18 % )NP (PP of (NP AG )NP )PP )NP )VP )S )SBAR and (SBAR (WHNP which )WHNP (S (NP (NP itself )NP )NP (VP is (VP controlled (PP by (NP (NP Cie . Financiere de *UNKC )NP , (NP the *UNK French financial conglomerate )NP )NP )PP )VP )VP )S )SBAR )SBAR )NP )VP )VP . )S  STOP
(S But (NP Mr. *UNKC )NP (VP said (SBAR (S (NP a rescue )NP (ADVP also )ADVP (VP could (VP involve (NP (NP *UNKC Mutual Life Insurance Co. )NP , (SBAR (WHNP which )WHNP (S (VP owns (NP (NP 5 % )NP (PP of (NP AG )NP )PP )NP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP AG )NP (VP is (ADJP hardly alone )ADJP (PP in (NP its anxiety )NP )PP )VP . )S  STOP
(S (NP A *UNK *UNK- )NP (VP is (VP (ADVP quickly )ADVP *UNKING (NP (NP Europe 's )NP *UNKLY insurance business )NP )VP )VP . )S  STOP
(S (S (ADJP *UNKED (PP by (NP (NP European Community *UNK )NP (SBAR (WHNP that )WHNP (S (VP will (VP remove (NP (NP many )NP (PP of (NP (NP the barriers )NP (PP to (NP *UNK- insurance services )NP )PP )NP )PP )NP , (S (VP starting (PP in (NP *UNK- )NP )PP )VP )S )VP )VP )S )SBAR )NP )PP )ADJP )S , (NP insurers )NP (VP are (VP (VP rushing (S (VP to (VP find (NP partners )NP )VP )VP )S )VP and (VP preparing (PP for (NP price wars )NP )PP )VP )VP )VP . )S  STOP
(S (PP In (NP (NP West Germany )NP and (NP the Netherlands )NP )NP )PP , (NP insurers )NP (VP are (VP *UNKING (PP with (NP banks )NP )PP )VP )VP . )S  STOP
(S (S (PP In (NP France )NP )PP , (NP (NP (NP Suez )NP and (NP *UNKC *UNKC S.A. )NP both )NP )NP (VP have (VP been (PP on (NP (NP the *UNK )NP (PP for (NP giant acquisitions )NP )PP )NP )PP )VP )VP )S ; (S (NP Suez )NP (NP last month )NP (VP acquired (NP (NP control )NP (PP of (NP (NP *UNKC *UNKC )NP , (NP the *UNK- European insurance company )NP )NP )PP )NP , (PP after (NP (NP a takeover battle )NP (PP with (NP Cie . *UNKC )NP )PP )NP )PP )VP )S . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP (NP the volume )NP (PP of (NP (NP shares )NP (VP changing (NP hands )NP )VP )NP )PP )NP (VP has (VP grown (ADVP significantly )ADVP (PP since (NP *UNK- )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP he )NP (VP estimated (SBAR that (S (NP a raider )NP (VP would (VP have (VP been (ADJP able (S (VP to (VP *UNK (NP (NP (QP no more than 4 )QP % )NP (PP of (NP the shares )NP )PP )NP )VP )VP )S )ADJP (PP in (NP recent months )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Aside (PP from (S (VP exploring (NP (NP plans )NP (PP for (NP joint ventures or acquisitions )NP )PP )NP )VP )S )PP )PP , (NP Mr. *UNKC )NP (VP has (VP called (NP (NP top managers )NP (PP of (NP (NP companies )NP (VP rumored (PP as (NP potential *UNK )NP )PP -- (FRAG (PP among (NP them )NP )PP , (NP (NP (NP *UNKC )NP , (NP Union des *UNKC de Paris )NP and (NP Suez )NP )NP , (NP (NP all )NP (VP based (PP in (NP France )NP )PP )VP )NP )NP )FRAG )VP )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP (NP They )NP )NP (VP have all (VP `` (ADVP very clearly )ADVP stated (SBAR that (S (NP they )NP (VP (VP have not (VP acquired )VP )VP and (VP are not (VP acquiring )VP )VP (NP (NP shares )NP (PP of (NP AG )NP )PP )NP )VP )S )SBAR )VP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP Any raider )NP (VP would (VP find (S (NP (NP it )NP )NP (ADJP hard )ADJP (S (VP to (VP crack (NP (NP AG 's )NP *UNK )NP )VP )VP )S )S )VP )VP . )S  STOP
(S (S (NP (NP A `` syndicate '' )NP (PP of (NP shareholders )NP )PP )NP (VP holds (NP (NP (QP just under 50 )QP % )NP (PP of (NP AG )NP )PP )NP )VP )S (PRN , (S (NP Mr. *UNKC )NP (VP said )VP )S , )PRN and (S (NP members )NP (VP have (VP agreed (S (VP to (VP give (NP one another )NP (NP (NP the right )NP (PP of (NP first refusal )NP )PP )NP )VP )VP )S (SBAR (SINV should (NP they )NP (VP sell (NP any AG shares )NP )VP )SINV )SBAR )VP )VP )S . )S  STOP
(S (PP Aside (PP from (NP (NP Generale de *UNKC )NP and (NP *UNKC )NP )NP )PP )PP , (NP the syndicate )NP (VP includes (NP (NP *UNKC *UNKC )NP , (NP a Belgian savings bank )NP , and (NP various family interests )NP )NP )VP . )S  STOP
(S (NP A Generale spokesman )NP (VP confirmed (SBAR that (S (NP the giant Belgian holding company )NP (VP would (VP be (ADJP willing (S (VP to (VP raise (NP (NP its stake )NP (PP in (NP AG )NP )PP )NP )VP )VP )S )ADJP (SBAR (SINV should (NP a raider )NP (VP seek (NP control )NP )VP )SINV )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC officials )NP (VP could n't (VP be (VP reached (PP for (NP comment )NP )PP )VP )VP )VP . )S  STOP
(S (PP (ADVP Even )ADVP without (NP bid talk )NP )PP , (NP (NP (NP this year 's )NP surge )NP (PP in (NP prices )NP )PP (PP for (NP Brussels real estate )NP )PP )NP (VP has (VP *UNKED (NP (NP interest )NP (PP in (NP AG )NP )PP )NP )VP )VP . )S  STOP
(S (NP The company )NP (VP says (SBAR (S (NP those holdings )NP (VP constitute (NP (NP the *UNK- real-estate portfolio )NP (PP in (NP Belgium )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (PP With (S (NP the *UNK )NP (VP settling (PP from (NP (NP the failed coup attempt )NP (PP in (NP Panama )NP )PP )NP )PP )VP )S )PP , (NP (NP one )NP (PP of (NP (NP the many *UNKING questions )NP (SBAR (S (NP the Bush administration )NP (VP will (VP *UNK )VP )VP )S )SBAR )NP )PP )NP (VP is (NP (NP this )NP : (SQ (SQ Is (NP the National Security Council staff )NP (ADJP big enough )ADJP )SQ , and (SQ does (NP it )NP (VP have (NP enough clout , (S (VP to (VP do (NP (NP its job )NP (PP of (S (VP *UNKING (NP foreign policy )NP )VP )S )PP )NP )VP )VP )S )NP )VP )SQ )SQ )NP )VP ? )S  STOP
(S (NP (NP (NP President Bush 's )NP national security adviser )NP , (NP *UNKC Gen. *UNKC *UNKC )NP , )NP (VP came (PP into (NP office )NP )PP (PP in (NP January )NP )PP (S (ADJP intent (PP on (S (VP making (S (NP the NSC staff )NP (ADJP (ADJP (ADJP *UNK )ADJP and (ADJP more *UNKED )ADJP )ADJP (SBAR than (S (NP it )NP (VP had (VP been (PP during (NP the Reagan administration )NP )PP )VP )VP )S )SBAR )ADJP )S )VP )S )PP )ADJP )S )VP . )S  STOP
(S (NP Gen. *UNKC )NP (VP was (NP (NP a member )NP (PP of (NP (NP the Tower Commission )NP , (SBAR (WHNP which )WHNP (S (VP *UNKED (NP the Iran-Contra affair )NP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP He )NP (VP was (ADJP all too aware (PP of (SBAR (WHADVP how )WHADVP (S (NP a large , (ADJP *UNKLY *UNKED )ADJP NSC staff )NP (VP had (VP (VP *UNK (PP out (PP of (NP control )NP )PP )PP )VP and (VP (ADVP nearly )ADVP *UNKED (NP (NP President Reagan 's )NP second term )NP )VP )VP )VP )S )SBAR )PP )ADJP )VP . )S  STOP
(S (ADVP So )ADVP , (S (VP following (NP both (NP (NP the style )NP (SBAR (S (NP he )NP (VP *UNKED (PP as (NP (NP President Ford 's )NP national security adviser )NP )PP )VP )S )SBAR )NP and (NP (NP the recommendations )NP (PP of (NP the Tower Commission )NP )PP )NP )NP )VP )S , (NP Gen. *UNKC )NP (VP has (VP (VP *UNKED (NP the NSC staff )NP )VP and (VP tried (S (VP to (VP ensure (SBAR that (S (NP it )NP (VP *UNK (PP to (NP (NP its assigned tasks )NP -- (ADVP *UNKLY )ADVP , (S (VP (VP gathering (NP (NP the views )NP (PP of (NP (NP the State Department )NP , (NP Pentagon )NP and (NP intelligence community )NP )NP )PP )NP )VP ; (VP serving (PP as (NP an *UNK broker )NP )PP (PP in (S (VP *UNKING (NP that information )NP (PP for (NP the president )NP )PP )VP )S )PP )VP and (VP (ADVP then )ADVP making (S (ADJP sure )ADJP (SBAR (S (NP presidential decisions )NP (VP are (VP carried (ADVP out )ADVP )VP )VP )S )SBAR )S )VP )VP )S )NP )PP )VP )S )SBAR )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP The Tower Commission )NP (VP (VP (ADVP specifically )ADVP said (SBAR that (S (NP the NSC staff )NP (VP should (VP be (ADJP `` small '' )ADJP )VP )VP )S )SBAR )VP and (VP warned (PP against (S (VP (VP letting (S (NP (NP `` *UNK *UNK- '' )NP (PP like (NP *UNKC *UNKC Oliver North )NP )PP )NP (VP strike (PRT out )PRT (PP on (NP their own )NP )PP )VP )S )VP (CONJP rather than )CONJP (VP leaving (NP (NP the day-to-day execution )NP (PP of (NP policies )NP )PP )NP (PP to (NP (NP the State Department )NP , (NP Pentagon )NP or (NP Central Intelligence Agency )NP )NP )PP )VP )VP )S )PP )VP )VP . )S  STOP
(S (ADVP However )ADVP , (NP the Panama episode )NP (VP has (VP raised (NP (NP questions )NP (PP about (SBAR whether (S (NP the NSC staff )NP (VP is (ADJP *UNKLY big , *UNK and powerful (S (VP to (VP coordinate (NP (NP U.S. policy )NP (PP on (NP tough issues )NP )PP )NP )VP )VP )S )ADJP )VP )S )SBAR )PP )NP )VP )VP . )S  STOP
(SINV (S (PP During (NP (NP the coup attempt )NP and (NP its aftermath )NP )NP )PP , (NP NSC staffers )NP (VP were `` (VP *UNKED (ADVP very thin )ADVP )VP )VP )S , '' (VP says )VP (NP one senior administration official )NP . )SINV  STOP
(S `` (NP It )NP (VP 's (NP a (ADJP very small )ADJP shop )NP )VP . '' )S  STOP
(S (S (NP Gen. *UNKC )NP (VP (VP does n't (VP plan (S (VP to (VP increase (NP the staff )NP (ADVP right now )ADVP )VP )VP )S )VP )VP , but (VP is (VP *UNKING (NP that possibility )NP )VP )VP )VP )S , (NP the official )NP (VP adds )VP . )S  STOP
(SINV (S (NP The NSC staff )NP `` (VP does n't (VP have (NP (NP the *UNK )NP (SBAR (WHNP that )WHNP (S (NP I )NP (VP believe (SBAR (S (VP is (VP required (S (VP to (VP have (NP an effective *UNK process )NP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )NP )VP )VP , '' )S (VP says )VP (NP (NP Frank *UNKC )NP , (NP (NP a former Pentagon aide )NP (SBAR (WHNP who )WHNP (S (ADVP now )ADVP (VP runs (NP (NP the Center )NP (PP for (NP Security Policy )NP )PP , (NP a conservative Washington *UNK- )NP )NP )VP )S )SBAR )NP )NP . )SINV  STOP
(S `` (NP (NP The problem )NP (PP with (NP this administration )NP )PP )NP (PRN , (S (NP I )NP (VP think )VP , )S )PRN (VP is (SBAR that (S (PP by (NP design )NP )PP (NP it )NP (VP has (VP (ADVP greatly )ADVP diminished , (PP both (PP in (NP a physical sense )NP )PP and (PP in (NP a procedural sense )NP )PP )PP , (NP (NP the role )NP (PP of (NP the NSC )NP )PP )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP The National Security Council )NP (NP itself )NP )NP (VP was (VP established (PP in (NP *UNKN )NP )PP (SBAR because (S (NP policy makers )NP (VP *UNKED (NP (NP a need )NP , (PP in (NP an increasingly complex world )NP )PP , (PP for (NP (NP a formal system )NP (PP within (NP the White House )NP )PP (SBAR (S (VP to (VP make (S (ADJP sure )ADJP (SBAR that (S (NP communications )NP (VP *UNKED (ADVP smoothly )ADVP (PP between (NP (NP the president )NP and (NP (NP the State Department )NP , (NP Pentagon )NP and (NP intelligence agencies )NP )NP )NP )PP )VP )S )SBAR )S )VP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP By (NP law )NP )PP , (NP the council )NP (VP includes (NP (NP the president )NP , (NP vice president )NP and (NP (NP *UNK )NP (PP of (NP state and defense )NP )PP )NP )NP )VP . )S  STOP
(S (PP In (NP practice )NP )PP , (NP (NP (NP the director )NP (PP of (NP central intelligence )NP )PP )NP and (NP (NP chairman )NP (PP of (NP (NP the *UNKC *UNKC )NP (PP of (NP Staff )NP )PP )NP )PP )NP )NP (VP (ADVP also )ADVP serve (PP as (NP *UNK members )NP )PP )VP . )S  STOP
(S But (NP (NP the size , shape and role )NP (PP of (NP the NSC staff )NP )PP )NP (VP have (VP been (VP left (SBAR for (S (NP (NP each president )NP and (NP his national security adviser )NP )NP (VP to (VP decide )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP That task )NP (VP is (NP (NP one )NP (PP of (NP (NP Washington 's )NP *UNK problems )NP )PP )NP )VP . )S  STOP
(S (S (PP In (NP the Bush White House )NP )PP , (NP (NP the size )NP (PP of (NP (NP (NP the NSC 's )NP staff )NP (PP of (NP professional officers )NP )PP )NP )PP )NP (VP is (ADVP down (PP (PP to (NP about 50 )NP )PP (PP from (NP (NP about 70 )NP (PP in (NP 1987 )NP )PP )NP )PP )PP )ADVP )VP )S , (NP administration officials )NP (VP say )VP . )S  STOP
(S (NP Administration officials )NP (VP insist (SBAR that (S (NP (NP the size )NP (PP of (NP the staff )NP )PP )NP (VP was n't (NP a problem )NP (PP during (NP the Panama crisis )NP )PP )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP one clear problem )NP (PP during (NP the coup attempt )NP )PP )NP (VP was (SBAR that (S (NP (NP (NP the NSC *UNK )NP (ADJP (ADJP most experienced )ADJP (PP in (NP Latin America )NP )PP )ADJP )NP , (NP *UNKC *UNKC )NP , )NP (VP was (ADJP gone )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP had (VP (ADVP just )ADVP resigned , (PP (PP (ADVP at least )ADVP in (NP part )NP )PP because of (NP (NP a *UNK )NP (PP with (NP (NAC Assistant Secretary (PP of (NP State )NP )PP )NAC Bernard *UNKC )NP )PP (PP over (NP (NP (NP (NP the administration 's )NP policy )NP (PP on (NP Panama )NP )PP )NP and (NP (NP support )NP (PP for (NP (NP Nicaragua 's )NP Contra rebels )NP )PP )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The absence )NP (PP of (NP Mr. *UNKC )NP )PP )NP (VP *UNKED (NP (NP the possible *UNK )NP (PP of (NP the current NSC staff )NP )PP )NP )VP . )S  STOP
(S (NP Both (NP Gen. *UNKC )NP and (NP (NP his deputy )NP , (NP Robert Gates )NP , )NP )NP (VP are (NP (NP experts )NP (PP in (NP U.S.-Soviet affairs )NP )PP )NP )VP . )S  STOP
(S (S (NP Gen. Scowcroft )NP (VP is (ADJP particularly *UNKED (PP in (NP arms control )NP )PP )ADJP )VP )S , and (S (NP Mr. Gates )NP (VP has (VP spent (NP years )NP (S (VP studying (NP Soviet politics and society )NP )VP )S )VP )VP )S . )S  STOP
(S (NP Both )NP (VP have (VP become (NP (NP *UNK )NP (PP of (NP President Bush )NP )PP )NP )VP )VP . )S  STOP
(S But (NP neither )NP (VP has (NP (NP an extensive background )NP (PP in (NP (NP Latin America )NP , (NP the Middle East )NP or (NP Asia )NP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP those areas )NP )PP , (NP (NP the role )NP (PP of (NP (NP NSC staffers )NP (PP under (NP them )NP )PP )NP )PP )NP (ADVP therefore )ADVP (VP have (VP become (ADJP more important )ADJP )VP )VP . )S  STOP
(S (NP Gen. Scowcroft )NP (VP knows (ADVP (ADVP as well )ADVP (PP as (NP anyone )NP )PP )ADVP (SBAR that (S (NP (NP one )NP (PP of (NP (NP the biggest *UNK )NP (SBAR (S (NP he )NP (VP faces )VP )S )SBAR )NP )PP )NP (VP is (SBAR that (S (NP (NP NSC staffers )NP (VP working (PP in (NP relative *UNK )NP )PP )VP )NP (VP will (VP take (PRT over )PRT (NP (NP *UNKING and operational tasks )NP (SBAR (WHNP that )WHNP (S (VP are (ADVP best )ADVP (VP left (PP to (NP (ADJP (ADJP bigger )ADJP and (ADJP more experienced )ADJP )ADJP State Department and Pentagon *UNK )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S But (SBAR just as (FRAG (S (NP every previous NSC adviser )NP (VP has )VP )S )FRAG )SBAR , (NP Gen. Scowcroft )NP (ADVP now )ADVP (VP will (VP have (S (VP to (VP *UNK (SBAR (WHPP at (WHNP what point )WHNP )WHPP (S (NP the NSC staff )NP (VP becomes (ADJP (ADJP too lean )ADJP and (ADJP too *UNKED )ADJP )ADJP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (S (NP (NP (NP Japan 's )NP wholesale prices )NP (PP in (NP (NP the first 10 days )NP (PP of (NP October )NP )PP )NP )PP )NP (VP (VP fell (NP 0.3 % )NP (PP from (NP the previous 10 days )NP )PP )VP but (VP rose (NP 3.3 % )NP (PP from (ADVP (NP a year )NP ago )ADVP )PP )VP )VP )S , (NP (NP the Bank )NP (PP of (NP Japan )NP )PP )NP (VP said )VP . )S  STOP
(S (S (NP The wholesale price index )NP (VP stood (PP at (NP *UNKN )NP )PP )VP )S (PRN -LRB- (S (NP 1985 )NP (VP *UNK (NP 100 )NP )VP )S -RRB- )PRN . )S  STOP
(S (NP (NP A former *UNKC Corp. marketing executive )NP , (VP *UNKING (NP (NP his role )NP (PP in (NP the Pentagon *UNK scandal )NP )PP )NP )VP , )NP (VP pleaded (ADJP guilty )ADJP (PP to (NP (NP *UNK and conspiracy charges )NP (PP for (S (VP helping (S (VP *UNK (NP $ 400,000 )NP (PP to (NP a *UNK Navy acquisition official )NP )PP )VP )S (PP during (NP the early 1980s )NP )PP )VP )S )PP )NP )PP )VP . )S  STOP
(S (NP (NP Frank *UNKC )NP , (SBAR (WHNP who )WHNP (S (PP at (NP the time )NP )PP (VP was (NP (NP the marketing director )NP (PP for (NP *UNKC )NP )PP (PP in (NP (NP *UNKC )NP , (NP Fla. )NP )NP )PP )NP )VP )S , )SBAR )NP (VP admitted (S (VP participating (PP in (NP (NP a scheme )NP (SBAR (S (VP to (VP bribe (NP (NP *UNKC *UNKC )NP , (NP the Navy official )NP )NP )VP )VP )S )SBAR )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP left (NP the Navy )NP (PP in (NP 1985 )NP )PP )VP )S )SBAR , )NP (VP pleaded (ADJP guilty )ADJP (ADVP earlier (NP this year )NP )ADVP (PP to (NP related conspiracy , *UNK and *UNK- charges )NP )PP )VP . )S  STOP
(S (NP The *UNK scheme )NP (VP took (NP place )NP (PP between (NP 1982 and 1985 )NP )PP , (PP according (PP to (NP (NP documents )NP (VP filed (PP by (NP prosecutors )NP )PP (PP in (NP (NP connection )NP (PP with (NP (NP Mr. *UNKC 's )NP guilty plea )NP )PP )NP )PP (PP in (NP (NP federal district court )NP (PP in (NP (NP *UNKC )NP , (NP Va )NP )NP )PP )NP )PP )VP )NP )PP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP merged (PP with (NP *UNKC Corp. )NP )PP (S (VP to (VP become (NP Unisys Corp. )NP )VP )VP )S (PP in (NP late 1986 )NP )PP )VP . )S  STOP
(S (NP (NP Court documents )NP (VP filed (PP by (NP prosecutors )NP )PP )VP )NP (VP indicate (SBAR (S (NP Mr. *UNKC )NP (VP tried (S (VP to (VP *UNK (PP to (NP *UNKC )NP )PP (NP (NP a (ADJP *UNK dollar )ADJP contract )NP (SBAR (S (VP to (VP *UNK (NP (NP maintenance )NP (PP of (NP certain Navy electronics *UNK )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP Mr. *UNKC )NP , (PP among (NP other things )NP )PP , (VP (ADVP illegally )ADVP provided (NP Mr. *UNKC )NP (PP with (NP (NP inside information and documents )NP (VP intended (S (VP to (VP give (NP *UNKC )NP (NP (NP an unfair advantage )NP (PP in (NP the competition )NP )PP )NP )VP )VP )S )VP )NP )PP )VP )S , (NP the documents )NP (VP said )VP . )S  STOP
(S (NP Sperry )NP (ADVP ultimately )ADVP (VP was (VP eliminated (PP from (NP the competition )NP )PP (PP without (S (VP receiving (NP the work )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (VP filed (PP by (NP prosecutors )NP )PP )VP )NP (VP (ADVP also )ADVP indicate (SBAR that (S (NP (NP Mr. *UNKC )NP and (NP his fellow *UNK )NP )NP (VP requested and obtained `` (NP (NP approval )NP (PP of (NP the scheme )NP )PP )NP '' (PP from (NP *UNK- Sperry officials )NP )PP `` (SBAR because (S (NP (NP the payment )NP (SBAR (WHNP which )WHNP (S (NP -LCB- *UNK . -RCB- *UNKC )NP (VP requested )VP )S )SBAR )NP (VP was (ADJP so large )ADJP )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP (NP Charles *UNKC )NP , (NP a former Unisys vice president )NP )NP , and (NP (NP James Neal )NP , (NP a former company consultant )NP , )NP )NP (VP have (VP admitted (S (VP participating (PP in (NP (NP this )NP and (NP other *UNK *UNK )NP )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP Unisys )NP (VP has (VP said (SBAR that (S (NP (NP all )NP (PP of (NP the company officials )NP )PP (SBAR (WHNP who )WHNP (S (VP participated (PP in (NP improper activities )NP )PP )VP )S )SBAR )NP (VP have (VP left (NP the company )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP faces (NP (NP (NP a maximum )NP (PP of (NP (NP 20 years )NP (PP in (NP jail )NP )PP )NP )PP )NP and (NP a (ADJP $ 500,000 )ADJP fine )NP )NP )VP . )S  STOP
(S (NP The New York Stock Exchange )NP (VP said (SBAR (S (NP a seat )NP (VP was (VP sold (PP for (NP $ 500,000 )NP )PP , (S (ADJP unchanged (PP from (NP (NP the sale )NP (NP Thursday )NP )NP )PP )ADJP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Seats )NP (VP are (VP quoted (PP at (NP (NP (NP $ *UNKN )NP (VP bid )VP )NP and (NP (NP $ *UNKN )NP (VP asked )VP )NP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP may (VP deserve (NP their bad reputation )NP , (PP after (NP all )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP something )NP (PP of (NP (NP a professional *UNK )NP (PP of (NP government )NP )PP )NP )PP )NP , )NP (VP thought (SBAR (S (NP he )NP (VP had (NP a *UNK- winner )NP (NP last summer )NP (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP offered (NP $ 5,000 )NP (PP for (NP (NP the best `` *UNK story )NP (PP of (NP (NP 250 words )NP (QP or less )QP )NP )PP (PP about (SBAR (WHADVP how )WHADVP (S (NP a government *UNK )NP (VP helped (NP you )NP )VP )S )SBAR )PP )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP sent (PRT out )PRT (NP (NP thousands )NP (PP of (NP news releases )NP )PP )NP (PP from (NP his (NAC *UNKC , Md. , )NAC office )NP )PP )VP . )S  STOP
(S (NP He )NP (VP *UNKED (NP the contest )NP (PP (PP on (NP (NP Larry King 's )NP radio show )NP )PP , (PP on (NP (NP *UNKC *UNKC 's )NP television show )NP )PP and (PP on (NP the *UNKC cable television network )NP )PP )PP )VP . )S  STOP
(S (NP He )NP (VP talked (PP about (NP it )NP )PP (PP in (NP (NP every speech )NP (SBAR (S (NP he )NP (VP made )VP )S )SBAR )NP )PP (SBAR as (S (NP he )NP (VP (VP *UNKED (NP the country )NP (S (VP promoting (NP (NP his books )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP (NP handy *UNK- advice )NP (PP on (S (VP using (NP government information )NP (PP for (NP fun and profit )NP )PP )VP )S )PP )NP )VP )S )SBAR )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP figured (SBAR (S (NP he )NP (VP would (VP be (VP *UNKED (PP with (NP *UNK )NP )PP (PP by (NP now )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP After (NP all )NP )PP (PRN , (S (NP he )NP (VP says )VP )S , )PRN `` (NP we )NP (VP 've (VP got (NP (QP like 15 million )QP bureaucrats )NP )VP )VP . '' )S  STOP
(S And (PP in (NP (NP addition )NP (PP to (NP the $ 5,000 )NP )PP )NP )PP , (NP he )NP (VP has (VP (VP promised (NP the winner )NP (NP a (NAC `` My *UNKC *UNKC '' )NAC *UNK )NP )VP and (VP offered (NP (NP each )NP (PP of (NP two *UNK- )NP )PP )NP (NP $ 500 )NP )VP )VP )VP . )S  STOP
(S (ADVP So far )ADVP , (ADVP though )ADVP , (NP Mr. *UNKC )NP (VP has (VP received (NP (QP only one )QP entry )NP )VP )VP . )S  STOP
(S (S (VP To (VP make (S (NP matters )NP (ADJP worse )ADJP )S )VP )VP )S , (NP the *UNK *UNK )NP (VP came (PP from (NP (NP another *UNK )NP : (NP (NP A woman )NP (PP from (NP (NP the New York State Department )NP (PP of (NP *UNKC and Finance )NP )PP )NP )PP (SBAR (WHNP who )WHNP (S (VP *UNKED (NP her boss )NP )VP )S )SBAR )NP )NP )PP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP is (VP making (NP the rules )NP (SBAR as (S (NP he )NP (VP goes )VP )S )SBAR )VP )VP )S )SBAR , )NP (VP has (VP determined (SBAR that (S (NP bureaucrats )NP (VP are (ADJP eligible (PP for (NP (NP *UNK )NP (PP by (NP other bureaucrats )NP )PP )NP )PP )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S But (NP he )NP (VP says (SBAR (S (NP he )NP (VP would (VP prefer (S (VP to (VP get (NP *UNK )NP (PP from (NP *UNK- folks )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP admits (SBAR that (S (NP he )NP (VP has n't (VP had (NP (NP much luck )NP (S (VP *UNKING (NP (NP free publicity )NP (PP for (NP his contest )NP )PP )NP )VP )S )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP , (PP including (NP this one )NP )PP , )NP (VP have (VP (ADVP generally )ADVP ignored (NP his news releases )NP )VP )VP . )S  STOP
(S (NP *UNKC show *UNK )NP (VP (ADVP quickly )ADVP change (NP the topic )NP )VP . )S  STOP
(S But (NP (NP Mr. *UNKC 's )NP staff )NP (VP is (VP beginning (S (VP to (VP wonder (SBAR whether (S (NP there )NP (VP is n't (NP (NP some larger phenomenon )NP (VP *UNKING (NP the contest )NP )VP )NP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(SINV `` (SQ Is (NP the government )NP not (VP helping (NP anybody )NP )VP )SQ ? '' (VP asks )VP (NP (NP *UNKC *UNKC )NP , (NP (NP an assistant )NP (PP to (NP Mr. Lesko )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP Mr. Lesko )NP (NP himself )NP )NP (VP is n't (ADVP yet )ADVP (ADJP prepared (S (VP to (VP accept (NP that explanation )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (S `` (NP People )NP (VP hate (S (VP to (VP write )VP )VP )S )VP , '' )S (NP he )NP (VP says )VP . )S  STOP
(S `` (ADVP Maybe )ADVP (NP people )NP (VP do n't (VP believe (SBAR (S (NP I )NP (VP want (S (VP to (VP give (NP this money )NP (ADVP away )ADVP )VP )VP )S )VP )S )SBAR )VP )VP . '' )S  STOP
(S (ADVP Maybe )ADVP (NP Americans )NP (VP are (ADJP (ADJP just so *UNKED (PP with (NP government )NP )PP )ADJP (SBAR that (S (NP they )NP (VP are n't (ADJP interested (PP in (S (VP *UNKING (SBAR that (S (NP bureaucrats )NP (VP come (PRT in )PRT (ADVP handy )ADVP (ADVP once (PP in (NP a while )NP )PP )ADVP )VP )S )SBAR )VP )S )PP )ADJP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (SBAR If (S (NP he )NP (VP sponsored (NP (NP a contest )NP (PP on (SBAR (WHADVP how )WHADVP (S (NP a *UNK )NP (VP *UNKED (NP something )NP )VP )S )SBAR )PP )NP )VP )S )SBAR (PRN , (S (NP Mr. Lesko )NP (VP admits )VP )S )PRN , `` (NP I )NP (VP 'd (VP get (NP 5,000 *UNK )NP )VP )VP . '' )S  STOP
(S (ADVP Now )ADVP (NP there )NP (VP 's (NP an idea )NP )VP . )S  STOP
(S (NP (NP Ford Motor Co. )NP and (NP (NP *UNKC AB )NP (PP of (NP Sweden )NP )PP )NP )NP (VP broke (PRT off )PRT (NP (NP talks )NP (PP about (NP a possible alliance )NP )PP )NP (SBAR after (S (NP Ford officials )NP (VP concluded (SBAR that (S (NP the cost (S (VP to (VP modernize (NP (NP Saab 's )NP car operations )NP )VP )VP )S )NP (VP would (VP outweigh (NP the likely return )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP With (NP (NP the collapse )NP (PP of (NP the talks )NP )PP (NP Friday )NP )NP )PP , (NP European analysts )NP (VP expect (S (NP Ford )NP (VP to (VP *UNK (NP (NP its pursuit )NP (PP of (NP (NP British luxury car maker )NP (NP (NP Jaguar PLC )NP , (SBAR (WHNP which )WHNP (S (VP is (VP scrambling (S (VP to (VP fend (PRT off )PRT (NP a hostile Ford bid )NP (PP by (S (VP negotiating (NP (NP a friendly alliance )NP (PP with (NP (NP (NP Ford 's )NP *UNK )NP , (NP General Motors Corp )NP )NP )PP )NP )VP )S )PP )VP )VP )S )VP )VP )S )SBAR )NP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP Saab )NP , (ADVP meanwhile )ADVP , (VP is (VP left (S (VP to (VP continue (NP (NP its search )NP (PP for (NP (NP an ally )NP (SBAR (S (VP to (VP shore (PRT up )PRT (NP its sagging car business )NP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Saab )NP (VP said (NP last week )NP (SBAR (S (NP it )NP `` (VP (VP has (VP had )VP )VP and (VP will (VP continue (S (VP to (VP have )VP )VP )S )VP )VP (NP (NP contacts )NP (PP with (NP other manufacturers )NP )PP )NP )VP )S )SBAR )VP . '' )S  STOP
(S (SINV (PP Among (NP the possible *UNK )NP )PP (VP is )VP (NP (NP Italy 's )NP Fiat S.p . A )NP )SINV , (NP analysts )NP (VP said (NP last week )NP )VP . )S  STOP
(S (NP Ford and Saab officials )NP (VP declined (S (VP to (VP elaborate (ADVP publicly )ADVP (PP on (NP (NP the announcement )NP (NP Friday )NP (SBAR that (S (NP their negotiations )NP (VP failed (S (VP to (VP yield (NP (NP an agreement )NP (SBAR `` (WHNP that )WHNP (S (VP could (VP make (NP long-term business sense )NP (PP to (NP both parties )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP )S )VP . '' )S  STOP
(S (NP (NP Individuals )NP (ADJP close (PP to (NP (NP the Ford side )NP (PP of (NP the negotiations )NP )PP )NP )PP )ADJP )NP (VP said (NP late last week )NP (SBAR that (S (NP the No. 2 U.S. auto maker )NP (VP lost (NP interest )NP (SBAR as (S (NP it )NP (VP became (ADJP clear (SBAR that (S (NP (NP the Swedish auto maker 's )NP automotive operations )NP (VP had (NP (NP little )NP (VP to (VP offer (PP in (NP (NP the way )NP (PP of (NP image or technology )NP )PP )NP )PP )VP )VP )NP )VP )S )SBAR )ADJP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Ford )NP (ADVP originally )ADVP (VP had (VP seen (NP a Saab alliance )NP (PP as (NP a way (S (VP to (VP expand (NP (NP its presence )NP (PP in (NP the (UCP European and U.S. )UCP luxury car markets )NP )PP )NP )VP )VP )S )NP )PP )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP Ford and Saab )NP (VP had (VP discussed (NP (NP a possible link )NP (PP between (NP their heavy truck operations )NP )PP )NP )VP )VP . )S  STOP
(S But (NP (NP the talks )NP (PP on (NP a heavy truck alliance )NP )PP )NP (ADVP apparently )ADVP (VP did n't (VP go (ADVP far )ADVP )VP )VP . )S  STOP
(S (NP Some European analysts )NP (VP speculated (SBAR that (S (NP (NP officials )NP (PP of (NP (NP Saab 's )NP (ADJP highly profitable )ADJP *UNKC truck operation )NP )PP )NP (VP *UNKED (PP at (S (VP *UNKING (NP (NP any )NP (PP of (NP their *UNK )NP )PP )NP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP Ford officials )NP (VP became (ADJP convinced (SBAR (S (NP they )NP (VP could n't (VP expect (S (VP to (VP recover (NP (NP the investment )NP (SBAR (S (NP it )NP (VP would (VP require (S (VP to (VP make (S (NP (NP Saab 's )NP cars )NP (ADJP competitive (PP in (NP the increasingly crowded luxury market )NP )PP )ADJP )S )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP (NP Saab 's )NP problems )NP (VP were (VP *UNKED (NP Friday )NP (SBAR (WHADVP when )WHADVP (S (NP the company )NP (VP announced (SBAR that (S (NP its car division )NP (VP had (NP (NP a (NP (ADJP (ADJP (QP 1.2 billion )QP kronor )ADJP -LRB- (ADJP (QP $ *UNKN million )QP )ADJP -RRB- )ADJP )NP loss )NP (PP during (NP (NP the first eight months )NP (PP of (NP this year )NP )PP )NP )PP , (ADJP (ADJP slightly worse )ADJP (SBAR than (S (NP *UNKC )NP (VP had (VP forecast (PP in (NP its first-half report )NP )PP (NP last month )NP )VP )VP )S )SBAR )ADJP )NP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP Overall )ADVP , (NP (NP (NP *UNKC 's )NP pretax profit )NP (PP during (NP (NP the first eight months )NP (PP of (NP the year )NP )PP )NP )PP )NP (VP plunged (NP *UNKN % )NP (PP (PP to (NP (NP (QP 1 billion Swedish )QP kronor )NP -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )NP )PP (PP from (NP (NP (QP *UNKN billion )QP kronor )NP -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )NP (ADVP (NP a year )NP earlier )ADVP )PP )PP )VP . )S  STOP
(S (NP (NP Industry analysts )NP (PP in (NP Europe )NP )PP )NP (VP said (SBAR (S (NP (NP the (ADJP most likely )ADJP suitor )NP (PP for (NP Saab )NP )PP )NP (ADVP now )ADVP (VP is (NP Fiat )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Saab and Fiat )NP (VP (VP have (VP worked (ADVP together )ADVP (PP in (NP the past )NP )PP )VP )VP , (S (PP in (NP one case )NP )PP (VP developing (ADVP jointly )ADVP (NP (NP a new auto *UNK )NP (SBAR (WHNP that )WHNP (S (VP became (NP (NP the foundation )NP (PP of (NP (NP (NP Saab 's )NP *UNKN model )NP , (NP (NP Fiat 's )NP *UNKC )NP and (NP (NP *UNKC 's )NP *UNKC )NP )NP )PP )NP )VP )S )SBAR )NP )VP )S )VP . )S  STOP
(S (NP Last month )NP , (NP Saab-Scania Chief Executive *UNKC *UNKC )NP (VP said (SBAR (S (NP his company )NP (VP has (VP had (NP (NP talks )NP (PP with (NP Fiat )NP )PP (PP about (NP a broader alliance )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S But (NP the talks )NP (VP *UNKED (NP `` (NP nothing )NP (ADJP (ADJP so advanced )ADJP (SBAR that (S (NP we )NP (VP needed (S (VP to (VP make (NP a public announcement )NP (PP about (NP it )NP )PP )VP )VP )S )VP )S )SBAR )ADJP )NP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (PP As (PP for (NP Ford )NP )PP )PP , (NP analysts )NP (VP expect (SBAR (S (NP (NP the end )NP (PP of (NP the Saab play )NP )PP )NP (VP will (VP allow (S (NP the U.S. auto maker )NP (VP to (VP focus (NP its resources )NP (PP on (NP (NP the *UNKING struggle )NP (PP with (NP GM )NP )PP (PP for (NP (NP a stake )NP (PP in (NP Jaguar )NP )PP )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP (NP The failure )NP (PP of (NP the Saab talks )NP )PP )NP `` (VP makes (S (NP (NP it )NP )NP (ADJP even more crucial )ADJP (SBAR for (S (NP -LCB- Ford -RCB- )NP (VP to (VP be (ADJP *UNK '' (PP in (NP the Jaguar contest )NP )PP )ADJP )VP )VP )S )SBAR )S )VP )S , (VP said )VP (NP (NP Stephen *UNKC )NP , (NP (NP European auto industry analyst )NP (PP at (NP (NP *UNKC & *UNKC )NP (PP in (NP London )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP Ford )NP (VP faces (NP (NP an *UNK fight )NP (PP for (NP Jaguar )NP )PP )NP , (ADVP however )ADVP )VP . )S  STOP
(S (NP Jaguar executives )NP (VP said (NP last week )NP (SBAR (S (NP they )NP (VP expect (S (VP to (VP have (S (NP (NP a friendly alliance )NP (PP with (NP GM )NP )PP )NP (VP *UNKED (PRT up )PRT )VP )S (PP by (NP (NP the end )NP (PP of (NP the month )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP GM )NP , (ADVP meanwhile )ADVP , (VP is (VP *UNKING (NP (NP a delegation )NP (PP of (NP (NP members )NP (PP of (NP the British Parliament )NP )PP (SBAR (WHNP who )WHNP (S (VP are (VP *UNKING (NP (NP (NP the auto maker 's )NP *UNK operations )NP (PP in (NP Detroit )NP )PP )NP )VP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP A GM spokesman )NP (VP said (SBAR (S (NP the visit )NP (VP is n't (ADJP connected (PP to (NP the Jaguar situation )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S But (NP Ford )NP (VP (ADVP clearly )ADVP views (NP Jaguar )NP (PP as (NP (NP a *UNK )NP (PP worth (S (VP fighting (PP for )PP )VP )S )PP )NP )PP , (SBAR since (S (NP (NP the company 's )NP *UNKED brand image )NP (VP would (VP give (NP Ford )NP (NP (NP a (ADJP badly needed )ADJP leg up )NP (PP in (NP (NP the high end )NP (PP of (NP (NP the luxury markets )NP (PP in (NP both (NP Europe )NP and (NP the U.S. )NP )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Last week )NP , (NP Ford )NP (VP *UNKED (NP (NP a setback )NP (PP in (NP its effort (S (VP to (VP *UNK (NP its U.S. luxury offerings )NP )VP )VP )S )NP )PP )NP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP was (VP forced (S (VP to (VP abandon (NP a *UNK- effort (S (VP to (VP market (NP its *UNKC *UNKC sedan )NP (PP in (NP the U.S. )NP )PP (PP as (NP (NP a luxury import )NP (PP under (NP the Merkur brand name )NP )PP )NP )PP )VP )VP )S )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP So )ADVP (PP despite (NP the *UNKC *UNK )NP )PP , (NP analysts )NP (VP say (SBAR (S (NP Ford )NP (PP by (NP last Friday )NP )PP (VP had (VP boosted (NP its Jaguar holding )NP (PP to (NP (NP (QP about 11 )QP % )NP (PP of (NP (NP (NP the luxury auto maker 's )NP shares )NP (ADJP outstanding )ADJP )NP )PP )NP )PP (PP from (NP 10.4 % )NP (ADVP early last week )ADVP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (QP About 5.4 million )QP Jaguar shares )NP (VP changed (NP hands )NP (PP in (NP (NP active trading )NP (PP on (NP (NP London 's )NP stock exchange )NP )PP (NP Friday )NP )NP )PP )VP )S , and (S (NP Jaguar shares )NP (VP moved (ADVP up (NP 19 pence )NP )ADVP (PP to (NP (NP *UNKN pence )NP -LRB- (NP $ 11 )NP -RRB- )NP )PP )VP )S . )S  STOP
(S (PP On (NP the U.S. over-the-counter market )NP )PP , (NP (NP Jaguar 's )NP American depositary receipts )NP (VP rose (NP 12.5 cents )NP (PP to (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (NP *UNKC S. *UNKC )NP (VP contributed (PP to (NP this article )NP )PP )VP . )S  STOP
(S (NP The Dallas Cowboys )NP (VP are (VP looking (PP at (NP a *UNK- situation )NP )PP , (S (VP struggling (S (VP to (VP pull (ADVP ahead (PP of (NP the Atlanta *UNKC )NP )PP )ADVP )VP )VP )S )VP )S )VP )VP . )S  STOP
(S (PP Up (PP in (NP his stadium box )NP )PP )PP , (NP (NP their (ADJP new and controversial )ADJP owner )NP , (NP *UNKC `` Jerry '' Jones )NP , )NP (VP *UNK (ADVP *UNKLY )ADVP (SBAR as (S (NP the team )NP (VP *UNK (PP up (PP to (NP the *UNK line )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Jones )NP (VP takes (NP heart )NP )VP . )S  STOP
(S (NP There )NP (PP in (NP (NP the center )NP (PP of (NP the pack )NP )PP )NP )PP (VP is (NP (NP *UNK *UNKC *UNKC )NP , (NP (NP the key )NP (PP to (NP (NP the Cowboys ' )NP comeback strategy )NP )PP )NP )NP )VP . )S  STOP
(FRAG (ADJP So key )ADJP , (PP in (NP fact )NP )PP , (SBAR that (S (S (NP Mr. Jones )NP (VP (VP signed (NP him )NP (PP in (NP April )NP )PP (PP for (NP (QP $ *UNKN million )QP )NP )PP (PP over (NP the next six years )NP )PP )VP -- (NP (NP a record )NP (PP for (NP a *UNK )NP )PP )NP )VP )S )S )SBAR . )FRAG  STOP
(SINV (S `` (NP He )NP (VP 's (NP a genuine *UNKC *UNK )NP )VP , '' )S (VP *UNK )VP (NP Mr. Jones )NP . )SINV  STOP
(S (PP With (NP (NP three minutes )NP (ADJP left (PP on (NP the *UNK )NP )PP )ADJP )NP )PP , (NP Mr. *UNKC )NP (VP (VP takes (NP the *UNK )NP )VP , (VP steps (ADVP back )ADVP )VP and (VP fires (NP a *UNK- pass )NP -- (PP straight into (NP (NP the hands )NP (PP of (NP an Atlanta defensive back )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP The crowd )NP (VP *UNK )VP )S , (S (NP Mr. Jones )NP (VP *UNK (NP his head )NP )VP )S , (S (NP the Cowboys )NP (VP lose (NP the game )NP )VP )S . )S  STOP
(S (PP (NP A few days )NP after (NP that Sept. 17 game )NP )PP , (NP Mr. *UNKC )NP (VP broke (NP a *UNK )NP , (S (VP *UNKING (NP him )NP (PP for (NP weeks )NP )PP )VP )S )VP . )S  STOP
(FRAG (INTJ *UNK )INTJ , (NP (NP the *UNK )NP (PP of (NP professional sports )NP )PP )NP . )FRAG  STOP
(S (PP For (NP Mr. Jones )NP )PP , (S (VP losing (NP his *UNK )NP (ADVP temporarily )ADVP )VP )S (VP was (NP (NP just the latest )NP (PP in (NP (NP a string )NP (PP of (NP *UNK )NP )PP (SBAR (WHNP that )WHNP (S (VP has (VP (VP (VP *UNK (NP the Dallas Cowboys )NP )VP -- and , (VP (NP this year )NP , (NP (NP much )NP (PP of (NP the National Football League )NP )PP )NP )VP )VP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (S (ADJP Once fat and happy )ADJP )S , (NP the Cowboys )NP (ADVP now )ADVP (VP are (VP losing (NP games , fans and money )NP )VP )VP . )S  STOP
(S (NP Last year )NP , (NP the team )NP (VP ended (PRT up )PRT (NP (NP (QP $ 2 million )QP )NP (PP in (NP (NP the red )NP (PP on (NP (NP (QP $ 30 million )QP )NP (PP in (NP revenue )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP It )NP (VP has (NP (NP some )NP (PP of (NP (NP the highest costs )NP (PP in (NP the league )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Its *UNK )NP (VP is (ADVP off (NP 23 % )NP (PP from (ADVP (NP six years )NP ago )ADVP )PP )ADVP )VP . )S  STOP
(S (PP At (NP the very least )NP )PP , (NP (NP Mr. Jones )NP , (SBAR (WHNP who )WHNP (S (VP *UNK (NP the society circuit )NP (ADVP (ADVP as *UNKLY )ADVP (PP as (NP his bench )NP )PP )ADVP )VP )S )SBAR , )NP (VP can (VP take (NP *UNK )NP (PP in (NP (NP one fact )NP : (S (NP These days )NP , (NP he )NP (VP is n't (ADJP alone )ADJP )VP )S )NP )PP )VP )VP . )S  STOP
(S (NP (NP (QP Nearly half )QP the owners )NP (PP of (NP the 28 National Football League teams )NP )PP )NP (VP (VP are (VP losing (NP money )NP )VP )VP , (NP (NP the result )NP (PP of (NP (NP flat attendance )NP , (NP aging *UNK )NP and (PRN -- (ADJP (ADJP more )ADJP (PP than (NP anything )NP )PP )ADJP -- )PRN (NP (NP *UNKING salaries )NP (PP for (NP (NP star players )NP (PP like (NP Mr. *UNKC )NP )PP )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (NP Last year )NP , (NP (NP the (QP top 12 )QP players )NP (PP on (NP each NFL team )NP )PP )NP (VP took (ADVP home )ADVP (NP (NP an average $ *UNKN )NP , (NP (NP a figure )NP (ADJP (ADJP comparable (PP to (NP baseball )NP )PP )ADJP and (ADJP (ADJP higher )ADJP (PP than (PP in (NP basketball )NP )PP )PP )ADJP )ADJP )NP )NP )VP . )S  STOP
(S (S (NP *UNKC draft picks )NP (VP have (VP done (ADJP even better )ADJP )VP )VP )S : (S (NP (NP Average salaries and bonuses )NP (PP for (NP them )NP )PP )NP (VP rose (PP to (NP $ *UNKN )NP )PP (NP this year )NP , (ADVP up (NP 44 % )NP (PP from (NP 1987 )NP )PP )ADVP )VP )S . )S  STOP
(SINV (S `` (NP It )NP (VP 's (NP a *UNK circle )NP )VP , '' )S (VP says )VP (NP (NP Art *UNKC )NP , (NP (NP owner )NP (PP of (NP the Cleveland *UNKC )NP )PP )NP )NP . )SINV  STOP
(S `` (S (NP One team )NP (VP pays (NP so much )NP )VP )S and (S (NP the other )NP (VP pays (NP more )NP )VP )S . )S  STOP
(S (NP We )NP (ADVP just )ADVP (VP do n't (VP have (NP (NP that kind )NP (PP of (NP income stream )NP )PP )NP )VP )VP . '' )S  STOP
(S (NP All this )NP (VP is (VP causing (NP *UNK )NP (PP in (NP professional football )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (ADJP , largely *UNK (PP in (NP the past )NP )PP , )ADJP )NP (VP (VP are (ADVP now )ADVP (VP (ADVP almost desperately )ADVP looking (PP for (NP (NP ways )NP (SBAR (S (VP to (VP (VP lower (NP costs )NP )VP and (VP raise (NP revenue )NP )VP )VP )VP )S )SBAR )NP )PP )VP )VP -- (S (VP *UNKING (NP some *UNK ideas )NP (PP in (NP the process )NP )PP )VP )S )VP . )S  STOP
(S (PP Though (ADVP not *UNKLY )ADVP )PP , (NP (NP the Cowboys ' )NP Mr. Jones )NP (VP has (VP come (S (VP to (VP represent (NP (NP this new breed )NP (PP of (NP owner )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (UCP (PP *UNKLY after (S (VP buying (NP (NP 66 % )NP (PP of (NP the team )NP )PP )NP (PP from (NP *UNKC `` *UNKC '' *UNKC )NP )PP (PP for (NP (QP $ 145 million )QP )NP )PP )VP )S )PP , and (ADJP *UNK (PP of (NP (NP the Cowboys ' )NP *UNKED bottom line )NP )PP )ADJP , )UCP (NP the *UNK- (NP Mr. Jones )NP )NP (VP set (PP about (NP (NP his own round )NP (PP of (NP team cuts )NP )PP )NP )PP )VP . )S  STOP
(S (ADVP First )ADVP , (NP he )NP (VP (ADVP *UNKLY )ADVP *UNKED (NP (NP Tom *UNKC )NP , (NP (NP the *UNK *UNK )NP (SBAR (WHNP who )WHNP (S (VP took (NP the Cowboys )NP (PP to (NP (NP five *UNKC *UNKC )NP and (NP 20 consecutive winning seasons )NP )NP )PP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (PP In (NP Dallas )NP )PP , (NP Mr. *UNKC )NP (VP has (NP (NP a standing )NP (ADJP just *UNK (PP of (NP *UNK )NP )PP )ADJP )NP )VP . )S  STOP
(S (S (NP *UNKC sentiment )NP (VP *UNKED (NP the local press )NP )VP )S : (S (SINV (FRAG (NP `` A crude *UNK *UNK , '' )NP )FRAG (VP said )VP (NP one writer )NP )SINV ; (SINV (FRAG (NP `` a real *UNK , '' )NP )FRAG (VP said )VP (NP another )NP )SINV ; (SINV (SBARQ `` (WHNP (WHNP Who )WHNP (PP in (NP the *UNK )NP )PP )WHNP does (SQ (NP he )NP (VP think (SBAR (S (NP he )NP (VP is )VP )S )SBAR )VP )SQ ? '' )SBARQ (VP wrote )VP (NP a third )NP )SINV )S . )S  STOP
(S (PP For (NP Mr. Jones )NP )PP , (NP it )NP (VP was (NP just the beginning )NP )VP . )S  STOP
(S (NP He )NP (VP (VP (ADVP quickly )ADVP cut (NP (NP the team 's )NP *UNKED administrative staff )NP (PP by (NP half )NP )PP )VP , (VP shut (PRT down )PRT (NP a *UNKED dance *UNK )NP )VP and (VP , (PP in (NP July )NP )PP , announced (NP plans (S (VP to (VP sell (NP (NP Valley *UNKC )NP , (NP (NP (NP the team 's )NP *UNK- practice *UNK )NP and (NP (NP the (ADJP most *UNK )ADJP training facility )NP (PP in (NP the NFL )NP )PP )NP )NP )NP )VP )VP )S )NP )VP )VP . )S  STOP
(S (NP Mr. Jones )NP (VP calls (S (NP the *UNK )NP `` (NP (NP the Pentagon )NP (PP of (NP *UNKC )NP )PP )NP )S )VP . '' )S  STOP
(S (NP It )NP (VP is (NP (NP a *UNK )NP (PP of (NP *UNK )NP )PP (SBAR (WHNP that )WHNP (S (VP *UNK (NP (NP (NP film rooms )NP , (NP elaborate *UNK )NP and (NP *UNKING centers )NP )NP (SBAR (WHNP that )WHNP (S (VP testify (PP to (NP a *UNK , more *UNKING era )NP )PP )VP )S )SBAR )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP He )NP (VP likes (S (VP to (VP tell (NP (NP the *UNK )NP (PP of (SBAR (WHADVP how )WHADVP (S (NP he )NP (VP (VP got (ADJP lost )ADJP (PP on (NP the *UNK *UNK )NP )PP (PP during (NP an early visit )NP )PP )VP , (VP took (NP *UNK )NP (PP in (NP an office )NP )PP )VP and (VP called (NP the front desk )NP (PP for (NP help )NP )PP )VP )VP )S )SBAR )PP )NP )VP )VP )S )VP . )S  STOP
(S `` (NP I )NP (VP said , (S ` (NP *UNKC )NP (VP come (VP get (NP me )NP )VP )VP )S )VP . )S  STOP
(S (NP I )NP (VP 'm (PP at (NP extension 29 )NP )PP )VP . ' '' )S  STOP
(S (PP With (S (NP a new day )NP (VP *UNKING (PP on (NP the sport )NP )PP )VP )S )PP , (NP Mr. Jones )NP (VP does n't (VP see (NP (NP a place )NP (PP for (NP (NP this sort )NP (PP of (NP luxury )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (S `` (NP It )NP (VP 's (ADJP just not cost efficient )ADJP )VP , '' )S (NP he )NP (VP says )VP . )S  STOP
(S (NP The place )NP (VP costs (NP (NP (QP nearly $ 2 million )QP )NP (NP a year )NP )NP (S (VP to (VP maintain )VP )VP )S )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP he )NP (VP sells (NP it )NP )VP )S )SBAR (PRN , (S (NP he )NP (VP says )VP )S , )PRN (NP the Cowboys )NP (VP will (VP move (PP to (NP (NP a (ADJP more practical (PRN -- (S (VP read (ADJP *UNK )ADJP )VP )S -- )PRN )ADJP *UNK practice field )NP (PP near (NP Texas *UNKC )NP )PP )NP )PP )VP )VP . )S  STOP
(S And (PP as (PP for (NP Tom *UNKC )NP )PP )PP , (INTJ well )INTJ , (PP in (NP (NP Mr. Jones 's )NP mind )NP )PP , (NP he )NP (VP had (VP played (PRT out )PRT (NP his winning years )NP )VP )VP . )S  STOP
(S (S (PP After (S (VP posting (NP losing seasons )NP (PP in (NP (NP each )NP (PP of (NP the last three years )NP )PP )NP )PP )VP )S )PP , (NP the Cowboys )NP (VP needed (NP a change )NP )VP )S , (NP he )NP (VP says )VP . )S  STOP
(S (NP Football )NP (VP has (VP (ADVP long )ADVP been (NP (NP Mr. Jones 's )NP *UNK )NP , (PP both on and off (NP the field )NP )PP )VP )VP . )S  STOP
(S (S (NP An Arkansas native )NP )S , (NP he )NP (VP started (PP at (NP guard )NP )PP (PP on (NP (NP the *UNKED *UNKN (NAC University (PP of (NP Arkansas )NP )PP )NAC team )NP (SBAR (WHNP that )WHNP (S (VP won (NP a national *UNK )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP After (NP college )NP )PP , (NP he )NP (VP (VP worked (PP at (NP (NP (NP his father 's )NP insurance company )NP (PP in (NP Little Rock )NP )PP )NP )PP )VP , and (VP (PP in (NP 1966 )NP )PP led (NP an *UNKED attempt (S (VP to (VP buy (NP the San Diego *UNKC )NP )VP )VP )S )NP )VP )VP . )S  STOP
(S (ADVP (NP *UNKC )NP later )ADVP , (PP with (NP (NP cash )NP (PP from (NP (NP the sale )NP (PP of (NP the insurance company )NP )PP )NP )PP )NP )PP , (NP he )NP (VP founded (NP (NP *UNKC *UNKC Corp. )NP , (NP (NP an oil and gas exploration company )NP (VP based (PP in (NP Little Rock )NP )PP )VP )NP )NP )VP . )S  STOP
(S (ADVP So )ADVP (NP it )NP (VP was n't (ADJP surprising (SBAR that (S (NP Mr. Jones )NP (VP returned (PP to (NP his Arkansas *UNK )NP )PP (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP went (S (VP looking (PP for (NP (NP a replacement )NP (PP for (NP Mr. *UNKC )NP )PP )NP )PP )VP )S )VP )S )SBAR )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP He )NP (VP *UNKED (NP (NP *UNKC Johnson )NP , (NP (NP (NP a *UNK )NP (PP on (NP the *UNKN (NAC University (PP of (NP Arkansas )NP )PP )NAC *UNK )NP )PP )NP and (NP (NP the head *UNK )NP (PP at (NP (NP the University )NP (PP of (NP Miami )NP )PP , (SBAR (WHADVP where )WHADVP (S (NP he )NP (VP led (NP the *UNKC )NP (PP to (NP (NP five winning seasons )NP and (NP (NP a national *UNK )NP (PP in (NP 1987 )NP )PP )NP )NP )PP )VP )S )SBAR )NP )PP )NP )NP )NP )VP . )S  STOP
(S (SBAR Whatever (FRAG (NP (NP Mr. Johnson 's )NP *UNK )NP )FRAG )SBAR , (PP in (NP (NP the *UNK and minds )NP (PP of (NP many Dallas fans )NP )PP )NP )PP , (NP he )NP (VP is (NP no Tom *UNKC )NP )VP . )S  STOP
(S (NP (NP *UNKC games (PRN -LRB- and , (PP after (NP (NP a loss )NP (PP to (NP the Kansas City *UNKC )NP )PP )NP (NP yesterday )NP )PP , (NP seven losses )NP -RRB- )PRN )NP (PP into (NP the season )NP )PP )NP , (NP the `` new '' Cowboys )NP (VP are n't (VP doing (ADVP (ADVP any better )ADVP (PP than (NP the old )NP )PP )ADVP )VP )VP . )S  STOP
(S (PP In (NP fact )NP )PP , (NP (NP the last time )NP (SBAR (S (NP they )NP (VP played (ADVP this badly )ADVP )VP )S )SBAR )NP (VP was (PP in (NP (NP 1960 )NP , (NP their opening season )NP )NP )PP )VP . )S  STOP
(S (NP (NP (NP Average attendance )NP (PP at (NP their games )NP )PP )NP , (NP (NP (QP about *UNKN )QP )NP (NP last year )NP )NP , )NP (VP continues (ADVP flat )ADVP )VP . )S  STOP
(S (NP Mr. Jones )NP (VP is (VP *UNKING (NP the problem )NP (PP on (NP several *UNK )NP )PP )VP )VP . )S  STOP
(S (NP He )NP (VP continues (S (VP to (VP *UNK (NP the team )NP )VP )VP )S , (S (VP trading (NP *UNKED running back *UNKC Walker )NP (PP to (NP the Minnesota *UNKC )NP )PP (NP this month )NP (PP for (NP (NP a *UNK )NP (PP of (NP (NP players )NP and (NP future draft picks )NP )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (S (VP To (VP try (S (VP to (VP draw (NP more fans )NP )VP )VP )S )VP )VP )S , (NP he )NP (VP has (VP dropped (NP *UNK- ticket prices )NP (PP from (NP $ 25 )NP )PP (PP to (NP $ 19 )NP )PP )VP )VP . )S  STOP
(S But (S (NP (NP the general trend )NP , (PP given (NP (NP rising costs )NP (PP in (NP the league )NP )PP )NP )PP , )NP (VP has (VP been (S (VP to (VP raise (NP prices )NP )VP )VP )S )VP )VP )S , and (S (NP Mr. Jones )NP (VP is (VP expected (S (VP to (ADVP eventually )ADVP (VP follow (NP suit )NP )VP )VP )S )VP )VP )S . )S  STOP
(SINV `` (S (NP It )NP (VP 's (ADJP simple )ADJP )VP , )S '' (VP says )VP (NP (NP *UNKC Hunt )NP , (SBAR (WHNP who )WHNP (S (VP (VP owns (NP the Kansas City *UNKC )NP )VP and (VP (NP last year )NP raised (NP ticket prices )NP (PP by (NP $ *UNKN )NP )PP (PP to (NP an average $ 17 )NP )PP )VP )VP )S )SBAR )NP . )SINV  STOP
(S `` (SBAR If (S (NP we )NP (VP did n't (VP increase (NP prices )NP )VP )VP )S )SBAR , (NP we )NP (VP 'd (VP be (PP in (NP the red )NP )PP )VP )VP . '' )S  STOP
(S (S (NP Mr. Jones )NP (VP has (ADVP also )ADVP (VP *UNKED (PRT up )PRT (NP his marketing staff )NP (S (VP to (VP sell (NP (NP the *UNKN luxury *UNK )NP (VP *UNKING (NP Texas *UNKC )NP )VP )NP )VP )VP )S )VP )VP )S (PRN -LRB- (S (NP (NP his deal )NP (PP with (NP *UNKC *UNKC )NP )PP )NP (VP included (NP (NP operating rights )NP (PP for (NP the stadium )NP )PP )NP )VP )S -RRB- )PRN . )S  STOP
(S (NP The *UNK )NP (VP (VP are (ADJP *UNKED )ADJP )VP , (VP have (NP (NP *UNK *UNK )NP and (NP *UNK *UNKING )NP )NP )VP , and (VP offer (NP (NP a clear view )NP (PP of (NP the field )NP )PP )NP )VP -- (PP (NP all )NP for (NP (NP a sale price )NP (PP of (NP (NP (QP $ *UNKN to $ 1 million )QP )NP , (PP depending (PP on (NP their size and location )NP )PP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Mr. Jones )NP (VP (VP has (VP been (VP taking (NP prospective *UNK owners )NP (PP onto (NP the field )NP )PP (PP during (NP practice )NP )PP (S (VP to (VP let (S (NP them )NP (VP *UNK (NP *UNK )NP (PP with (NP players )NP )PP )VP )S )VP )VP )S )VP )VP )VP , and (VP promises (NP (NP those )NP (SBAR (WHNP who )WHNP (S (ADVP actually )ADVP (VP buy (NP (NP one )NP (PP of (NP the rooms )NP )PP )NP )VP )S )SBAR )NP (NP (NP (NP an insider 's )NP look )NP (PP at (NP (NP the team 's )NP strategy )NP )PP (PP before (NP game time )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP The sales job )NP (VP seems (S (VP to (VP be (VP paying (PRT off )PRT )VP )VP )VP )S )VP )S : (S (SBAR (WHADVP When )WHADVP (S (NP he )NP (VP bought (NP the team )NP )VP )S )SBAR , (NP (NP only six )NP (PP of (NP the *UNK )NP )PP )NP (VP had (VP been (VP sold )VP )VP )VP )S . )S  STOP
(S (NP Today )NP , (NP 30 )NP (VP have )VP . )S  STOP
(S (NP Gate receipts )NP (VP are (ADVP only )ADVP (NP (NP (NP the Cowboys ' )NP second largest source )NP (PP of (NP cash )NP )PP )NP )VP . )S  STOP
(S (NP The biggest )NP (VP is (NP (NP (NP the NFL 's )NP contract )NP (PP with (NP national television )NP )PP (PP for (NP (NP broadcast )NP (PP of (NP (NP the league 's )NP games )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Last year )NP , (NP (NP (NP the Cowboys ' )NP share )NP (PP of (NP that *UNK )NP )PP )NP (VP came (PP to (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP The team )NP (VP (ADVP *UNKLY )ADVP *UNK (PP between (NP (QP $ 2 million and $ 4 million )QP )NP )PP (PP for (NP local radio and television broadcast rights )NP )PP )VP . )S  STOP
(S (NP Mr. Jones )NP (VP is (ADVP currently )ADVP (VP trying (S (VP to (VP *UNK (PRT up )PRT (NP (NP the price )NP (PP for (NP those local rights )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP He )NP (VP is (ADVP also )ADVP (VP trying (S (VP to (VP get (S (NP (NP more stations )NP (PP in (NP (NP Mexico )NP , (SBAR (WHADVP where )WHADVP (S (NP the Cowboys )NP (VP have (NP a following )NP )VP )S )SBAR , )NP )PP )NP (VP to (VP pick (PRT up )PRT (NP the games )NP )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Mr. Jones )NP , (SBAR (WHNP whose (NP (NP *UNK voice )NP and (NP *UNK ways )NP )NP )WHNP (S (VP *UNK (NP (NP an intense businessman )NP (SBAR (WHNP who )WHNP (S (VP works (NP *UNK- days )NP )VP )S )SBAR )NP )VP )S )SBAR , )NP (VP is (VP resigned (PP to (NP (NP the hefty salaries )NP (SBAR (S (NP he )NP (VP pays (NP his players )NP (NP these days )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP He )NP (VP (VP calls (S (NP the contracts )NP `` (ADJP critical (PP to (S (VP winning (PP in (NP the NFL )NP )PP )VP )S )PP )ADJP '' )S )VP and (VP has (VP played (NP (NP his part )NP (PP in (NP the bidding wars )NP )PP )NP )VP )VP )VP . )S  STOP
(S (PP Besides (S (VP signing (NP Mr. *UNKC )NP (PP to (NP a sizable contract )NP )PP )VP )S )PP , (NP Mr. Jones )NP (VP has (VP agreed (S (VP to (VP pay (NP *UNK *UNK Steve *UNKC )NP (NP (QP $ 4.1 million )QP )NP (PP over (NP the next four years )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP This wage inflation )NP (VP is (VP *UNKING (S (NP the NFL )NP (ADJP dry )ADJP )S )VP )VP )S , (NP the owners )NP (VP contend )VP . )S  STOP
(SINV (S (ADVP Soon )ADVP , (NP only large corporations )NP (VP will (VP be (ADJP able (S (VP to (VP afford (S (VP to (VP buy and run (NP football teams )NP )VP )VP )S )VP )VP )S )ADJP )VP )VP )S , (VP predicts )VP (NP (NP John J. *UNKC Jr. )NP , (NP (NP an investment banker )NP (PP with (NP Salomon Brothers )NP )PP (SBAR (WHNP who )WHNP (S (VP handled (NP the Cowboys sale )NP )VP )S )SBAR )NP )NP . )SINV  STOP
(S (S (VP To (VP *UNK (NP the problem )NP )VP )VP )S , (NP NFL owners )NP (VP have (VP proposed (S (VP setting (NP a *UNK wage scale )NP (S (VP to (VP try (S (VP to (VP *UNK (PRT in )PRT (NP salaries )NP )VP )VP )S )VP )VP )S )VP )S )VP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP of (NP (NP the plan )NP , (SBAR (WHNP which )WHNP (S (VP would (VP go (PP into (NP effect )NP )PP (PP in (NP 1993 )NP )PP )VP )VP )S )SBAR , )NP )PP )NP (VP are (ADJP *UNK )ADJP )VP )S , but (S (NP each player )NP (VP would (ADVP apparently )ADVP (VP be (VP paid (NP (NP a base salary )NP (VP *UNKED (PP to (NP his position and ability )NP )PP )VP )NP )VP )VP )VP )S . )S  STOP
(S (NP *UNKC )NP (VP would (VP be (VP paid (S (VP based (PP on (NP (NP playing time )NP and (NP performance )NP )NP )PP )VP )S )VP )VP )VP . )S  STOP
(S (NP The NFL *UNKC Association )NP , (ADVP meanwhile )ADVP , (VP contends (SBAR (SBAR that (S (NP athletes )NP (VP are (VP paid (NP (NP a wage )NP (ADJP *UNK (PP with (NP their ability (S (VP to (VP draw (NP fans )NP )VP )VP )S )NP )PP )ADJP )NP )VP )VP )S )SBAR , and (SBAR that (S (NP some owners )NP (VP are (PP in (NP financial trouble )NP )PP (PP because of (NP (NP poor business management )NP , not (NP (NP players ' )NP salaries )NP )NP )PP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP The owners )NP (VP are (VP trying (S (VP to (VP boost (NP profit )NP (PP in (NP other ways )NP )PP )VP )VP )S , (ADVP too )ADVP )VP )VP . )S  STOP
(S (NP Many )NP (VP (VP have (VP launched (NP (NP promotions )NP (SBAR (S (VP to (VP attract (NP new fans )NP )VP )VP )S )SBAR )NP )VP )VP and (VP are (VP *UNKING (NP dated stadium contracts )NP )VP )VP )VP . )S  STOP
(S (NP (NP Most )NP (PP of (NP the owners )NP )PP )NP (VP must (VP pay (NP (NP (QP up to 10 )QP % )NP (PP of (NP gross ticket sales )NP )PP )NP (PP for (NP (NP leases )NP (PP on (NP (NP *UNK )NP (SBAR (S (NP they )NP (VP say (SBAR (S (VP are (ADJP either (ADJP too small )ADJP or (ADJP too old )ADJP )ADJP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP Chicago )NP )PP , (PP for (NP example )NP )PP , (NP size )NP (VP is (NP the issue )NP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP have (NP (NP the worst lease )NP (PP in (NP the NFL )NP )PP )NP )VP , )S '' (VP contends )VP (NP (NP Michael B. *UNKC )NP , (NP (NP (NP the president )NP (PP of (NP the Chicago *UNKC )NP )PP )NP and (NP (NP a *UNK )NP (PP of (NP (NP George *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP founded (NP (NP the NFL 's )NP predecessor organization )NP )VP )S )SBAR )NP )PP )NP )NP )NP . )SINV  STOP
(S `` (S (NP We )NP (VP 're (PP in (NP (NP a *UNK area )NP (PP with (NP (NP millions )NP (PP of (NP Bear fans )NP )PP )NP )PP )NP )PP )VP )S , and (S (NP only a small number )NP (VP can (VP be (VP *UNKED )VP )VP )VP )S . '' )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP the lease )NP (VP expires (PP in (NP 1999 )NP )PP )VP )S )SBAR (PRN , (S (NP he )NP (VP says )VP )S )PRN , `` (NP It )NP (VP 's (VP got (S (VP to (VP be (VP changed )VP )VP )VP )S )VP )VP . '' )S  STOP
(S (NP This year )NP , (NP the NFL )NP (VP (ADVP also )ADVP imposed (NP (NP an *UNK- limit )NP )NP (PP on (NP (NP teams )NP (VP going (PP into (NP training *UNK )NP )PP )VP )NP )PP , (ADVP down (PP from (NP 120 )NP )PP )ADVP , (PP in (NP (NP a move )NP (VP meant (S (VP to (VP trim (NP payroll costs )NP )VP )VP )S )VP )NP )PP )VP . )S  STOP
(S And (NP the league )NP (VP is (VP trying (S (VP to (VP get (NP (NP more )NP (PP for (NP (NP its three-year national network contract )NP , (SBAR (WHNP which )WHNP (S (VP expires (PP after (NP this season )NP )PP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP The current contract )NP (VP pays (NP the NFL )NP (NP (QP $ 1.4 billion )QP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP say (SBAR (S (NP they )NP (VP expect (S (NP the league )NP (VP to (VP demand (NP a (ADJP 50 % )ADJP increase )NP )VP )VP )S , (PP despite (NP the fact (SBAR that (S (NP televised football games )NP (VP have (VP had (NP lackluster ratings )NP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP An NFL spokesman )NP (VP (ADVP also )ADVP says (SBAR (S (NP the league )NP (VP will (VP (ADVP probably )ADVP expand (NP its offerings )NP (PP to (NP (NP cable TV companies )NP (PP like (NP *UNKC )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The changes )NP (VP have n't (VP come (ADVP easy )ADVP )VP )VP . )S  STOP
(S (PP Like (NP (NP the game )NP (PP of (NP professional football )NP )PP )NP )PP , (NP (NP the NFL organization )NP (NP itself )NP )NP (VP is (PP in (NP turmoil )NP )PP )VP . )S  STOP
(S (S (NP (NP (NP The new breed )NP (PP of (NP team owner )NP )PP )NP , (NP (NP Mr. Jones )NP (ADJP included )ADJP )NP , )NP (VP has (VP been (VP fighting (NP the NFL bureaucracy )NP (PP for (NP (NP a greater say )NP (PP in (NP league affairs )NP )PP )NP )PP )VP )VP )VP )S , and (S (NP the battle )NP (VP has (VP produced (NP (NP a form )NP (PP of (NP *UNK gridlock )NP )PP )NP )VP )VP )S . )S  STOP
(S (PP In (NP July )NP )PP , (NP 11 NFL owners )NP , (S (NP (NP almost all )NP (PP of (NP them )NP )PP )NP (ADJP new )ADJP )S , (VP *UNKED (NP an effort (S (VP to (VP install (NP Jim *UNKC )NP (PP as (NP (NP a replacement )NP (PP for (NP retiring league commissioner *UNKC *UNKC )NP )PP )NP )PP )VP )VP )S )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (VP perceived (PP by (NP some owners )NP )PP (PP as (NP (NP a *UNK- )NP (PP for (NP the Old Guard )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Earlier this month )NP , (NP another effort (S (VP to (VP choose (NP a commissioner )NP )VP )VP )S )NP (VP failed )VP . )S  STOP
(S (NP The owners )NP (VP meet (ADVP again )ADVP (NP tomorrow )NP )VP . )S  STOP
(S (S (PP For (NP his part )NP )PP , (NP Jerry Jones )NP (VP says (SBAR (S (NP he )NP (VP 's (PP in (NP the business )NP )PP (PP for (NP the long *UNK )NP )PP )VP )S )SBAR )VP )S , and (S (NP his work style )NP (VP seems (S (VP to (VP support (NP that )NP )VP )VP )S )VP )S . )S  STOP
(S (NP He )NP (VP (VP puts (PRT in )PRT (NP (NP busy *UNK- weeks )NP (PRN -LRB- (PP excluding (NP game days )NP )PP -RRB- )PRN )NP )VP , and (VP (PP on (NP one recent afternoon )NP )PP *UNKED (NP (NP questions )NP )NP , (PP in (NP (NP the course )NP (PP of (NP an hour )NP )PP )NP )PP , (PP from (NP (NP a TV producer )NP , (NP his *UNK- marketing manager )NP , (NP a *UNKED customer )NP and (NP (NP a *UNK )NP (PP of (NP Arkansas reporters )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (S (VP To (VP keep (S (NP his schedule )NP (PP on (NP track )NP )PP )S )VP )VP )S , (NP he )NP (VP *UNK (NP two personal *UNK )NP (PRT in )PRT (PP from (NP Little Rock )NP )PP (S (VP to (VP *UNK (NP (NP his staff )NP (PP in (NP Dallas )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (S `` (SBAR (WHADVP When )WHADVP (S (NP I )NP (VP made (NP this investment )NP )VP )S )SBAR , (NP I )NP (VP made (NP it )NP (PP on (NP a lifetime basis )NP )PP )VP , '' )S (NP he )NP (VP explains )VP . )S  STOP
(S `` (NP I )NP (VP 'm not (ADVP here )ADVP (S (VP to (VP make (NP money )NP (PP by (S (VP *UNKING (NP the team )NP (ADVP later on )ADVP )VP )S )PP )VP )VP )S )VP . )S  STOP
(S (SBAR While (S (NP the Cowboys )NP (VP may not (VP be (NP the best investment )NP (ADVP now )ADVP )VP )VP )S )SBAR , (NP I )NP (VP do n't (VP accept (SBAR (S (NP they )NP (VP ca n't (VP be (PP in (NP the future )NP )PP )VP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (ADVP Besides )ADVP , (PP to (NP a large extent )NP )PP , (NP Mr. Jones )NP (VP may (ADVP already )ADVP (VP be (VP getting (SBAR (WHNP what )WHNP (S (NP he )NP (VP wants (PP out (PP of (NP the team )NP )PP )PP )VP )S )SBAR , (SBAR even though (S (NP it )NP (VP keeps (VP losing )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (S (VP *UNKING (NP the Cowboys )NP )VP )S (VP has (VP bought (NP him )NP (NP (NP *UNK )NP (PP to (NP (NP a *UNK life )NP (SBAR (WHNP that )WHNP (S (S (VP drilling (PP for (NP oil )NP )PP (PP in (NP Arkansas )NP )PP )VP )S (ADVP just )ADVP (VP did n't (VP provide )VP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP There )NP (VP is (NP (NP the new private jet )NP , (NP (NP the *UNK )NP (PP of (NP *UNK )NP )PP )NP , (NP (NP *UNK )NP (PP to (NP the best parties )NP )PP )NP , and (NP (NP television *UNK )NP (PP on (NP (NP shows )NP (PP such as (NP `` Prime Time *UNKC )NP )PP )NP )PP )NP )NP )VP . '' )S  STOP
(S (ADVP (NP A few weeks )NP ago )ADVP , (NP Mr. Jones )NP (ADVP even )ADVP (VP *UNKED (NP Elizabeth Taylor )NP (PP in (NP (NP his private *UNK )NP (PP at (NP Texas Stadium )NP )PP )NP )PP )VP . )S  STOP
(S (S `` (NP You )NP (VP 're (PP in (NP the *UNK seat )NP )PP (NP every day )NP (PP in (NP this job )NP )PP )VP , '' )S (NP he )NP (VP says )VP . )S  STOP
(FRAG (SBAR (WHADJP How *UNKLY *UNK (PP of (NP Robert Goldberg )NP )PP )WHADJP (S (VP to (VP use (NP (NP the form )NP (PP of (NP *UNK *UNK *UNK )NP )PP )NP (S (VP to (VP explain (NP (NP his perception )NP (PP of `` (NP (NP *UNKC )NP (PP of (NP *UNKC )NP )PP )NP '' )PP )NP (PP in (NP (NP his television *UNK )NP (PRN -LRB- (NP (NP *UNKC & *UNKC )NP , (NP *UNKC 11 )NP )NP -RRB- )PRN )NP )PP )VP )VP )S )VP )VP )S )SBAR . )FRAG  STOP
(S (NP He )NP (VP *UNK (NP *UNK *UNKC )NP (PP for (NP (NP her *UNK *UNK )NP (PP of (NP *UNK *UNK )NP )PP )NP )PP , (S (VP *UNKING (NP her project )NP (PP as (ADJP `` *UNKLY *UNK )ADJP )PP )VP )S )VP . '' )S  STOP
(SQ *UNKC not (NP the title )NP (ADJP very clear )ADJP ? )SQ  STOP
(FRAG (NP One example )NP (SBAR (S (NP he )NP (VP gives )VP )S )SBAR : `` (S (NP She )NP (VP did n't (VP ask '' -LRB- (SBAR (WHADVP why )WHADVP (S (NP the Palestinian children )NP (VP are (NP (NP *UNK )NP (VP throwing (NP stones )NP )VP )NP )VP )S )SBAR -RRB- )VP )VP )S . )FRAG  STOP
(SQ (ADVP *UNKLY now )ADVP , did (NP she )NP (VP have (S (VP to (VP ask )VP )VP )S )VP ? )SQ  STOP
(SQ *UNKC not (NP (NP the pictures and *UNK )NP , (SBAR (WHNP which )WHNP (S (VP have (VP been (VP continuing (NP news *UNK )NP )VP )VP )VP )S )SBAR , )NP (NP answers enough )NP ? )SQ  STOP
(S (NP Mr. Goldberg )NP (VP contends (SBAR that (S (PP even as (NP `` *UNK '' )NP )PP (NP the film )NP (VP fails (SBAR because (S (NP it )NP (VP presents (NP only one view )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (S (PP Of (NP course )NP )PP (NP the *UNKC )NP (VP complain (PP about (NP their treatment )NP )PP )VP )S ; (S (PP of (NP course )NP )PP (NP the *UNKC )NP (VP feel (VP put (PRT upon )PRT )VP )VP )S . )S  STOP
(S But (NP his complaint (SBAR that (S `` (NP (NP *UNKC )NP (PP of (NP *UNKC )NP )PP )NP '' (VP does n't (VP contain (NP (NP *UNKED comments )NP (PP from (NP *UNKC )NP )PP (PP about (SBAR (WHADVP how badly )WHADVP (S (NP the *UNKC )NP (VP are (VP *UNKING )VP )VP )S )SBAR )PP )NP )VP )VP )S )SBAR )NP (VP is (ADJP *UNK )ADJP )VP . )S  STOP
(S (NP It )NP (VP 's (PP like (S (VP (VP doing (NP (NP a *UNK )NP (PP on (NP apartheid )NP )PP )NP )VP and (VP insisting (SBAR that (S (NP equal time )NP (VP be (VP given (PP to (SBAR (WHADVP how *UNK )WHADVP (S (NP white South *UNKC )NP (VP are )VP )S )SBAR )PP )VP )VP )S )SBAR )VP )VP )S )PP )VP . )S  STOP
(S (NP This film )NP (VP did (VP *UNK (SBAR (WHADVP how long )WHADVP (S (NP the *UNKC *UNK )NP (VP has (VP *UNKED )VP )VP )S )SBAR (PP by (S (VP *UNKING (NP the conflict )NP (PP to (NP (NP the days )NP (PP of (NP World War I )NP )PP (SBAR (WHADVP when )WHADVP (S (NP the British )NP (VP tried (S (VP to (VP guarantee (NP both (NP a Jewish state )NP and (NP a Palestinian state )NP )NP (PP without (S (VP *UNKING (SBAR (WHADVP how )WHADVP (S (NP it )NP (VP was (S (VP to (VP be (VP done )VP )VP )VP )S )VP )S )SBAR )VP )S )PP )VP )VP )S )VP )S )SBAR )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S (INTJ Well )INTJ , (NP `` (NP (NP *UNKC )NP (PP of (NP *UNKC )NP )PP )NP '' (VP airing (PP (PP with (NP *UNK- packaging )NP )PP , and (PP after (NP repeated delays )NP )PP , )PP )VP )NP (VP was (NP a beginning )NP )VP . )S  STOP
(S (NP Every issue )NP (VP is (ADJP *UNKED )ADJP )VP . )S  STOP
(S (NP This film )NP (VP attempts (S (VP to (VP show (NP (NP a side )NP (VP (ADVP rarely )ADVP seen (PP in (NP our media )NP )PP )VP )NP )VP )VP )S )VP . )S  STOP
(S (ADVP Now )ADVP (NP we )NP (VP must (VP *UNK (NP (NP a *UNK )NP (PP of (NP (NP critics )NP (SBAR (WHNP who )WHNP (S (VP (ADVP apparently )ADVP wish (S (VP to (VP know (NP (NP details )NP (PP of (NP (NP one side )NP (ADVP only )ADVP )NP )PP )NP )VP )VP )S )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(NP *UNKC . )NP  STOP
(NP *UNKC . )NP  STOP
(NP (NP Charlotte Carpenter )NP (NP (NP *UNKC Island )NP , (NP *UNKC )NP )NP . )NP  STOP
(S (NP President Bush )NP (VP wants (S (NP the Pentagon )NP (VP to (VP get (NP (NP special treatment )NP (PP in (S (VP *UNKING (PP with (NP (NP the *UNK- spending cuts )NP (SBAR (WHNP that )WHNP (S (VP took (NP effect )NP (NP last week )NP )VP )S )SBAR )NP )PP )VP )S )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP Mr. Bush )NP (VP asked (NP Congress )NP (S (VP to (VP raise (PP to (NP (QP $ 6 billion )QP )NP )PP (PP from (NP (QP $ 3 billion )QP )NP )PP (NP (NP the amount )NP (PP of (NP money )NP )PP (SBAR (S (NP Defense Secretary Dick Cheney )NP (VP may (VP shift (PP among (NP (NP the Pentagon 's )NP individual programs , projects and activities )NP )PP )VP )VP )S )SBAR )NP , (S (VP allowing (S (NP him )NP (VP to (VP ease (NP (NP the pain )NP (SBAR (WHNP that )WHNP (S (NP the Gramm-Rudman budget law )NP (VP was (VP intended (S (VP to (VP *UNK )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP )S )VP )S )VP )VP )S )VP . )S  STOP
(S (SBAR If (S (NP the request )NP (VP is (VP approved (PP by (NP both (NP the House )NP and (NP Senate )NP )NP )PP )VP )VP )S )SBAR , (NP Mr. Cheney )NP (VP would (VP need (NP (NP only permission )NP (PP from (NP (NP the White House Office )NP (PP of (NP Management and Budget )NP )PP )NP )PP )NP (S (VP to (VP move (NP the money )NP )VP )VP )S , (PP according (PP to (NP Senate budget analysts )NP )PP )PP )VP )VP . )S  STOP
(S (NP That )NP (VP would (VP give (NP the Pentagon )NP (NP (NP flexibility )NP (SBAR (WHNP that )WHNP (S (NP no other federal agency )NP (VP has )VP )S )SBAR )NP )VP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's (NP (NP simply a way )NP (PP of (S (VP making (S (NP the cuts )NP (ADJP (ADJP less *UNK (PP for (NP defense )NP )PP )ADJP (SBAR than (S (NP they )NP (VP are (PP for (NP domestic programs )NP )PP )VP )S )SBAR )ADJP )S )VP )S )PP )NP )VP )S , '' (VP said )VP (NP (NP Chairman James *UNKC )NP (PRN -LRB- (NP (NP (NP D. )NP , (NP *UNKC . )NP )NP )NP -RRB- )PRN (PP of (NP the Senate Budget Committee )NP )PP , (SBAR (WHNP who )WHNP (S (VP said (SBAR (S (NP he )NP (VP would (VP oppose (NP the request )NP )VP )VP )S )SBAR )VP )S )SBAR )NP . )SINV  STOP
(S `` (S (NP That )NP (VP is n't (ADJP consistent (PP with (NP (NP the kind )NP (PP of (NP (NP discipline )NP (SBAR (WHNP that )WHNP (S (NP Gramm-Rudman )NP (VP is (VP supposed (S (VP to (VP impose )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP )PP )ADJP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP (NP The president 's )NP request )NP (VP did n't (VP indicate (SBAR (WHADVP how )WHADVP (S (NP Mr. Cheney )NP (VP would (VP shift (NP the money )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP A Pentagon official )NP (VP said (SBAR (S (NP the request )NP (VP was (VP made (S (VP to (VP give (NP the department )NP (NP `` (NP maximum flexibility )NP '' (SBAR (S (VP to (VP deal (PP with (NP the cuts )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Last week )NP , (NP Budget Director Richard Darman )NP (VP structured (NP (NP the (ADJP (QP $ *UNKN billion )QP )ADJP spending reduction )NP , (NP (SBAR (WHNP (NP half )NP (PP of (NP which )NP )PP )WHNP (S (VP must (VP come (PP from (NP defense )NP )PP )VP )VP )S )SBAR )NP , )NP (S (VP to `` (VP impose (NP (QP a little bit more )QP discipline )NP '' (PP by (S (VP *UNKING (NP cuts )NP (PP to (NP (NP each individual program , project or activity )NP (PP in (NP the budget )NP )PP )NP )PP )VP )S )PP )VP )VP )S )VP . )S  STOP
(S (S (NP That )NP (VP would (VP give (NP agencies )NP `` (NP less ability ... (S (VP to (VP *UNK (PRT over )PRT (NP things )NP )VP )VP )S )NP )VP )VP )S , '' (NP he )NP (VP told (NP reporters )NP )VP . )S  STOP
(S (PP Under (NP the deficit-reduction law )NP )PP , (NP (NP (NP 4.3 % )NP (PP of (NP (NP the Pentagon 's )NP money )NP )PP )NP and (NP (NP 5.3 % )NP (PP of (NP (NP other agencies ' )NP money )NP )PP )NP )NP has (VP been (VP canceled )VP )VP . )S  STOP
(S (NP Lawmakers )NP (VP are (VP expected (S (VP to (VP try (S (VP to (VP restore (NP the funds )NP )VP )VP )S )VP )VP )S (SBAR once (S (NP a pending *UNKING measure )NP (VP has (VP been (VP signed (PP into (NP law )NP )PP )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Rochester Telephone Corp. )NP (VP said (SBAR (S (NP it )NP (VP completed (NP (NP its purchase )NP (PP of (NP (NP (NP Urban Telephone Corp. , )NP (PP of (NP (NP *UNKC )NP , (NP *UNKC )NP )NP )PP )NP , (NP (NP the second-largest *UNKED independent telephone company )NP (PP in (NP that state )NP )PP )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Rochester Telephone )NP (VP said (SBAR (S (NP the acquisition )NP (VP was (VP made (PP in (NP (NP an exchange )NP (PP of (NP its common shares )NP )PP (PP for (NP (NP all the shares )NP (PP of (NP Urban Telephone )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S , but (S (NP a price )NP (VP was n't (VP disclosed )VP )VP )S . )S  STOP
(S (NP Urban )NP (VP is (NP (NP (NP the company 's )NP first telephone subsidiary )NP (PP in (NP Wisconsin )NP )PP )NP )VP . )S  STOP
(S (PP Since (NP June )NP )PP , (NP Rochester Telephone )NP (VP signed (NP (NP letters )NP (PP of (NP intent (S (VP to (VP purchase (NP three other Wisconsin firms )NP )VP )VP )S )NP )PP )NP )VP . )S  STOP
(S (NP (NP A bill )NP (SBAR (WHNP that )WHNP (S (VP would (VP permit (S (NP the Securities and Exchange Commission )NP (VP to (VP monitor (NP (NP the financial condition )NP (PP of (NP (NP securities firms ' )NP holding companies )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )NP (VP is (VP facing (NP (NP tough opposition )NP (PP from (NP (NP some Wall Street firms )NP , (SBAR (WHNP which )WHNP (S (VP argue (SBAR that (S (NP the legislation )NP (VP is (ADJP unnecessary )ADJP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP The legislation )NP and (NP (NP other issues )NP (VP related (PP to (NP the stock market )NP )PP )VP )NP )NP (VP will (VP be (NP (NP the focus )NP (PP of (NP (NP hearings )NP (NP this week )NP (PP by (NP (NP the House Telecommunications and Finance *UNKC )NP and (NP the Senate Securities *UNKC )NP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Richard Breeden )NP , (NP (NP the new chairman )NP (PP of (NP the SEC )NP )PP )NP , )NP (VP has n't (VP taken (NP (NP a formal position )NP (PP on (NP the bill )NP )PP , (SBAR (WHNP which )WHNP (S (VP would (ADVP also )ADVP (VP (VP require (S (NP investors )NP (VP to (VP disclose (NP large trades )NP )VP )VP )S )VP and (VP give (NP the SEC )NP (NP additional authority )NP (PP during (NP market *UNK )NP )PP )VP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (ADVP However )ADVP , (NP he )NP (ADVP recently )ADVP (VP told (NP the Senate Banking Committee )NP (SBAR that (S (NP he )NP (VP believes (SBAR (S (NP the agency )NP (VP should (VP have (NP *UNK authority (S (VP to (VP monitor (NP debt levels )NP (PP at (NP (NP (NP holding companies )NP and (NP (NP affiliates )NP (PP of (NP *UNK- )NP )PP )NP )NP , (SBAR (WHNP which )WHNP (S (VP are (ADVP frequently )ADVP (VP used (S (VP to (VP issue (NP bridge loans )NP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP )S )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP The bridge loans )NP (VP are (ADJP intended (S (VP to (VP provide (NP temporary financing )NP (PP for (NP acquisitions )NP )PP )VP )VP )S )ADJP )VP . )S  STOP
(S (SBAR Since (S (NP such loans )NP (VP are (ADVP often )ADVP (VP *UNKED (PP through (NP (NP the sale )NP (PP of (NP (ADJP high-risk , high-yield )ADJP junk bonds )NP )PP )NP )PP )VP )VP )S )SBAR , (NP (NP the recent *UNK )NP (PP of (NP the junk-bond market )NP )PP )NP (VP have (VP renewed (NP (NP concerns )NP (PP among (NP regulators )NP )PP (PP about (NP (NP the risks )NP (VP associated (PP with (NP (NP Wall Street firms )NP (VP issuing (NP bridge loans )NP )VP )NP )PP )VP )NP )PP )NP )VP )VP . )S  STOP
(S But (NP some Wall Street executives )NP (VP argue (SBAR that (S (NP such fears )NP (VP are (ADJP *UNKED )ADJP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP a July 6 letter )NP (PP to (NP the Senate Securities *UNKC )NP )PP )NP )PP , (NP First Boston Corp. )NP (VP argued (SBAR that (S (NP the fact (SBAR that (S (NP no retail brokerage firm )NP (VP failed (PP during (NP the 1987 market crash )NP )PP )VP )S )SBAR )NP (VP *UNK (SBAR that (S (NP current rules )NP (VP are (ADJP adequate )ADJP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP First Boston )NP , (SBAR (WHNP (NP whose holding company )NP , (NP CS First Boston Group )NP , )WHNP (S (VP is (NP (NP one )NP (PP of (NP (NP the larger issuers )NP (PP of (NP bridge loans )NP )PP (PP on (NP Wall Street )NP )PP )NP )PP )NP )VP )S )SBAR , )NP (VP said (SBAR (S (NP it )NP (VP is (ADVP also )ADVP (ADJP concerned (SBAR that (S (SBAR once (S (NP the SEC )NP (VP has (NP the power (S (VP to (VP monitor (NP holding companies )NP )VP )VP )S )NP )VP )S )SBAR , (NP it )NP (VP will (VP try (S (VP to (VP *UNK (NP their activities )NP )VP )VP )S )VP )VP )S )SBAR )ADJP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP (NP The proposal )NP , (SBAR while (FRAG (ADJP *UNKED )ADJP )FRAG )SBAR )NP , (PRN (S (NP I )NP (VP think )VP )S )PRN (VP can (VP be (ADJP *UNKLY misleading )ADJP (SBAR because (S (NP the likely *UNK )NP (VP would (VP be (S (VP to (VP (VP weaken )VP , (CONJP rather than )CONJP (VP strengthen )VP (NP (NP the control )NP (SBAR (S (NP the SEC )NP (VP has (VP exercised (PP for (NP 50 years )NP )PP (PP over (NP (NP the financial *UNK and *UNK )NP (PP of (NP *UNK- )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP )S , '' (NP (NP Michael *UNKC )NP , (NP (NP managing director )NP (PP of (NP First Boston )NP )PP )NP , )NP (VP said (PP in (NP an interview )NP )PP )VP . )S  STOP
(S (S (NP The bill )NP (VP would `` (VP *UNK (NP (NP scarce resources )NP (PP of (NP the commission )NP )PP )NP (ADVP away (PP from (NP *UNK- )NP )PP )ADVP (PP into (NP (NP areas )NP (SBAR (WHNP which )WHNP (S (ADVP simply )ADVP (VP have (NP (NP no way )NP (PP of (S (VP affecting (NP *UNK- )NP )VP )S )PP )NP )VP )S )SBAR )NP )PP )VP )VP )S , '' (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP (PP in (NP the industry )NP )PP and (PP on (NP Capitol Hill )NP )PP )PP )NP (VP say (SBAR (S (NP (NP a compromise )NP (SBAR (WHNP that )WHNP (S (VP would (VP *UNK (NP the industry )NP (SBAR while (S (VP *UNKING (NP (NP the SEC 's )NP concerns )NP )VP )S )SBAR )VP )VP )S )SBAR )NP (VP may (VP be (ADJP possible )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP An aide )NP (PP to (NP the Senate Securities *UNKC )NP )PP )NP (VP (VP says (SBAR (S (NP some legislators )NP (VP support (NP (NP the concept )NP (PP of (NP risk disclosure )NP )PP )NP )VP )S )SBAR )VP , but (VP adds : `` (S (NP nobody )NP (VP is (VP *UNKED (PP to (NP (NP the language )NP (PP in (NP the bill )NP )PP )NP )PP )VP )VP )S )VP )VP . '' )S  STOP
(S (NP (NP Edward *UNKC )NP , (NP (NP president )NP (PP of (NP the Securities Industry Association )NP )PP )NP , )NP (VP said (SBAR (SBAR that (S (NP the *UNK- trade group )NP (VP opposes (NP (NP the bill )NP (SBAR as (S (NP it )NP (VP is (VP written )VP )VP )S )SBAR )NP )VP )S )SBAR but (SBAR that (S (NP it )NP (VP is `` (ADJP *UNK (SBAR (S (NP a compromise )NP (VP can (VP be (VP reached (S (VP to (VP achieve (NP (NP the SEC 's )NP goals )NP )VP )VP )S )VP )VP )VP )S )SBAR )ADJP )VP )S )SBAR )SBAR )VP . '' )S  STOP
(S (S (NP Mr. *UNKC )NP (VP will (VP elaborate (PP on (NP (NP the *UNKC 's )NP position )NP )PP (PP in (NP (NP testimony )NP (PP before (NP the House Telecommunications and Finance Subcommittee )NP )PP )NP )PP (NP this week )NP )VP )VP )S , (NP a spokesman )NP (VP said )VP . )S  STOP
(S (NP This letter )NP (VP was (VP inspired (PP by (NP (NP (NP (NP David *UNKC 's )NP Sept. 25 *UNK- article )NP (PP about (NP *UNKC *UNKC )NP )PP )NP , `` (NP (NP *UNKC )NP (PP in (NP (NP the Middle )NP (PP of (NP Drug *UNKING )NP )PP )NP )PP )NP )NP )PP )VP )VP . '' )S  STOP
(S (NP I )NP (VP 've (VP organized (NP (NP a series )NP (PP of (NP (NP (NP exchanges )NP , (NP *UNK )NP and (NP other continuing projects )NP )NP (PP between (NP *UNKC and American *UNK )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (S (PP In (NP (NP any matters )NP (PP between (NP (NP us )NP and (NP the *UNKC )NP )NP )PP )NP )PP (NP there )NP (VP can (VP be (NP no *UNK )NP )VP )VP )S , (S (ADVP *UNKLY )ADVP (NP I )NP (VP 've (VP become (ADJP familiar (PP (CONJP not only )CONJP (PP with (NP *UNKC art and *UNK )NP )PP , (CONJP but also )CONJP (PP with (NP (NP Cuban bureaucrats )NP and (NP (NP their counterparts )NP (PP in (NP our own government )NP )PP )NP )NP )PP )PP )ADJP )VP )VP )S . )S  STOP
(S (PP Despite (NP (NP levels )NP (PP of (NP (NP *UNK )NP , (NP *UNK )NP and (NP (NP *UNKING frustration )NP (PP of (NP *UNK proportion )NP )PP )NP )NP )PP )NP )PP , (NP (NP these projects )NP )NP (ADVP all )ADVP (VP remain , (PP in (NP my mind )NP )PP , (ADJP (ADJP valuable )ADJP and (ADJP well worth (NP the effort )NP )ADJP )ADJP )VP . )S  STOP
(S (NP There )NP (VP is (NP (NP (NP a simple reason )NP (PP for (NP this )NP )PP )NP : (NP the Cuban people )NP )NP )VP . )S  STOP
(S (VP Let (S (NP me )NP (ADVP immediately )ADVP (VP put (NP limits )NP (PP to (SBAR (WHNP whatever *UNK *UNK )WHNP (S (NP that )NP (VP may (VP intimate )VP )VP )S )SBAR )PP )VP )S )VP . )S  STOP
(S (S (NP (NP Those `` people '' )NP (SBAR (WHPP to (WHNP whom )WHNP )WHPP (S (NP I )NP (VP *UNK )VP )S )SBAR )NP (VP are not (NP some *UNK , *UNK *UNK )NP )VP )S ; (S (NP they )NP (VP are (NP (NP (NP artists )NP , (NP critics )NP , (NP *UNK drivers )NP , (NP *UNK )NP , (NP (NP even some employees )NP (PP of (NP (NP the Ministry )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP )NP , (NP (NP all )NP (PP of (SBAR (WHNP whom )WHNP (S (VP share (NP (NP a deep belief )NP (PP in (NP (NP (NP the original principles )NP (PP of (NP the Cuban *UNKC )NP )PP )NP , (VP *UNKED (ADVP out )ADVP (PP in (NP (NP terms )NP (PP such as (NP (NP (NP *UNK )NP (PP among (NP (NP all members )NP (PP of (NP the society )NP )PP )NP )PP )NP , (NP (NP *UNK )NP (PP for (NP (NP education )NP and (NP creative *UNK )NP )NP )PP )NP , (NP (NP *UNK rights )NP (PP to (NP health and *UNK )NP )PP )NP , (NP housing )NP , (NP *UNK )NP )NP )PP )NP )PP )VP )NP )PP )NP )VP )S )SBAR )PP )NP )NP )VP )S . )S  STOP
(S (PP In (NP fact )NP )PP , (NP (NP the generation )NP (PP of (NP (NP *UNK )NP (VP growing (PP into (NP maturity )NP )PP (ADVP right now )ADVP )VP )NP )PP )NP (VP works (PP with (NP (NP such (ADJP *UNKLY held )ADJP *UNK *UNK )NP and (NP (NP such *UNK commitment )NP (PP to (NP moral and ethical principles )NP )PP )NP (SBAR that (S (NP it )NP (VP makes (S (NP (NP (NP *UNKC *UNKC 's )NP famous *UNK )NP (PP of (NP art , *UNK and revolution )NP )PP )NP (VP seem (ADJP modest )ADJP )VP )S )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP It )NP (VP is (PP (PP on (NP (NP behalf )NP (PP of (NP these people )NP )PP )NP )PP , and (PP out (PP of (NP (NP my real respect )NP (PP for (NP them )NP )PP )NP )PP )PP , )PP (SBAR (WHADVP that )WHADVP (S (NP I )NP (VP am (VP responding (PP to (NP (NP (NP Mr. *UNKC 's )NP opinions )NP (PP of (NP their country )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP The *UNKC trial )NP (PP in (NP July )NP )PP , (PP with (NP (NP its *UNK )NP (PP of (NP deeply *UNKED and widespread corruption )NP )PP )NP )PP , )NP and (NP the *UNK trial and execution )NP , )NP (VP was (ADJP extremely *UNKING (PP to (NP (NP everyone )NP (SBAR (WHNP who )WHNP (S (VP has (ADVP ever )ADVP (VP considered (S (NP himself )NP (NP (NP a friend )NP (PP of (NP Cuba )NP )PP )NP )S )VP )VP )S )SBAR )NP )PP )ADJP )VP . )S  STOP
(S (ADVP However )ADVP , (SBAR (ADJP *UNK )ADJP though (S (NP those *UNK )NP (VP may (VP have (VP been )VP )VP )VP )S )SBAR , (NP they )NP (ADVP still )ADVP (VP provide (NP no excuse )NP (PP for (NP (NP wholesale *UNK )NP (PP from (NP truth )NP )PP )NP )PP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP should (VP make (NP (NP *UNK )NP (PP among (NP (NP *UNKC )NP , (NP the army )NP and (NP the Cuban people )NP )NP )PP )NP )VP )VP . )S  STOP
(S (NP They )NP (VP are (ADJP not *UNK )ADJP , (SBAR since (S (NP they )NP (VP are (VP *UNKED (S (VP to (VP act )VP )VP )S (S (VP based (PP on (NP their own circumstances )NP )PP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP It )NP )NP (VP is (NP *UNK )NP (S (VP to (VP *UNK (NP (NP (NP a government 's )NP policies )NP (PP with (NP (NP the will )NP (PP of (NP the people )NP )PP )NP )PP )NP )VP )VP )S )VP (PRN -LRB- (SBAR as (S (NP we )NP (VP (ADVP well )ADVP know )VP )S )SBAR -RRB- )PRN )S , and (S (NP (NP it )NP )NP (VP is (NP (ADJP even worse )ADJP *UNKLY )NP (S (VP to (VP merge (NP (NP the clearly *UNK *UNK )NP (PP of (NP (NP *UNKC )NP and (NP the military )NP and (NP the state bureaucracy )NP )NP )PP )NP )VP )VP )S )VP )S . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (ADJP also *UNKED (SBAR that (S (NP Mr. *UNKC )NP (VP has (VP resisted (NP (NP *UNK )NP (PP with (NP U.S. officials )NP )PP )NP )VP )VP )S )SBAR )ADJP , (SBAR even though (S (PP by (NP his own account )NP )PP (NP that *UNK )NP (VP has (VP been (VP *UNKED (ADVP essentially )ADVP (PP as (NP (NP a mechanism )NP (PP for (NP (NP (NP acts )NP (ADJP directly hostile (PP to (NP the Cuban regime )NP )PP )ADJP )NP , (PP such as (S (VP *UNKING (NP *UNK )NP )VP )S )PP )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP I )NP (VP think (S (NP (NP it )NP )NP (VP 's (ADJP a little *UNK )ADJP (S (VP to (VP be (ADJP surprised (SBAR that (S (NP *UNKC )NP (VP does n't (VP *UNK (NP the U.S. State Department )NP (S (VP to (VP violate (NP (NP the *UNK )NP (PP of (NP the Cuban government )NP )PP (PP over (NP its own territory )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )ADJP )VP )VP )S )VP )S )VP . )S  STOP
(S (NP We )NP (ADVP badly )ADVP (VP need (S (VP to (VP follow (NP fact )NP (PP rather than (NP (NP the rhetoric )NP (PP of (NP conventional wisdom )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP Without (NP (NP this basic level )NP (PP of (NP (NP attention )NP (PP to (NP reality )NP )PP )NP )PP )NP )PP , (NP (NP our policies )NP (PP on (NP Cuba )NP )PP )NP (VP will (VP continue (S (VP to (VP be (ADJP (ADJP as *UNK )ADJP (SBAR as (S (NP they )NP (VP have (VP (PP for (NP 30 years )NP )PP )VP )VP )S )SBAR )ADJP )VP )VP )S )VP )VP . )S  STOP
(S (PP From (NP (NP my own point )NP (PP of (NP view )NP )PP )NP )PP , (PP given (NP (NP (NP the *UNK )NP (PP of (NP (NP *UNK )NP , (NP creativity )NP and (NP warm spirit )NP )NP )PP )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP the Cuban people )NP (VP *UNK )VP )S )SBAR )NP )PP , (NP we )NP (VP deny (NP ourselves )NP (NP (NP access )NP (PP to (NP (NP things )NP (SBAR (SBAR (S (NP we )NP (VP hold (S (ADJP *UNK )ADJP )S )VP )S )SBAR , and (SBAR (WHNP which )WHNP (S (VP seem (S (VP to (VP run (PP in (NP such short supply )NP )PP (NP these days )NP )VP )VP )S )VP )S )SBAR )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP There )NP (VP is (NP (NP no rational *UNK )NP (PP for (NP such behavior )NP )PP )NP )VP . )S  STOP
(NP (NP *UNKC *UNKC )NP (NP (NP *UNKC )NP , (NP Mass )NP )NP . )NP  STOP
(S (NP *UNKC INC. )NP (VP (ADVP recently )ADVP reported (NP (NP third-quarter earnings )NP , (SBAR (WHNP which )WHNP (S (VP were (VP (ADVP *UNKLY )ADVP shown (PP in (NP the *UNKLY Earnings *UNKC table )NP )PP (PP in (NP (NP last Tuesday 's )NP edition )NP )PP (S (VP to (VP be (ADJP (ADJP lower )ADJP (PP than (NP (NP the average )NP (PP of (NP (NP analysts ' )NP estimates )NP )PP )NP )PP )ADJP )VP )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP *UNKC Investment Research )NP (VP did n't (VP adjust (NP (NP (NP one analyst 's )NP estimate )NP (PP for (NP a stock split )NP )PP , (SBAR (WHNP which )WHNP (S (ADVP therefore )ADVP (VP was (ADJP *UNKLY high )ADJP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP (NP *UNKC 's )NP third-quarter net income )NP (PP of (NP (NP 15 cents )NP (NP a share )NP )NP )PP )NP (ADVP actually )ADVP (VP was (ADJP (ADJP (NP 7 % )NP higher )ADJP (PP than (NP (NP the adjusted average )NP (PP of (NP estimates )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (NP Investors )NP (VP *UNKED (PP out (PP of (NP New York City bonds )NP )PP )PP (PP in (NP *UNK )NP )PP (NP last week )NP , (S (VP (VP driving (NP prices )NP (ADJP lower )ADJP )VP and (VP boosting (NP yields )NP )VP )VP )S )VP . )S  STOP
(S (NP One bond trader )NP (VP estimated (SBAR that (S (NP (NP (QP more than $ 50 million )QP )NP (PP of (NP New York City general obligation bonds )NP )PP )NP (VP were (VP put (PP up (PP for (NP sale )NP )PP )PP (NP (NP Friday )NP (ADVP alone )ADVP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR While (S (NP that )NP (VP represents (NP (NP a small percentage )NP (PP of (NP (NP (NP the city 's )NP public debt )NP (ADJP outstanding )ADJP )NP )PP )NP )VP )S )SBAR , (NP (NP Friday 's )NP selling )NP (VP followed (NP a *UNK effort (S (VP to (VP *UNK (NP the bonds )NP (PP by (NP (NP a broad *UNK )NP (PP of (NP institutional and individual investors )NP )PP )NP )PP )VP )VP )S )NP )VP . )S  STOP
(SINV `` (S (NP I )NP (VP 've (ADVP never )ADVP (VP seen (NP (NP so many -LCB- New York City -RCB- *UNKC 's )NP (PP up (PP for (NP sale )NP )PP )PP )NP )VP )VP )S , '' (VP said )VP (NP another trader )NP . )SINV  STOP
(S `` (NP Every broker )NP (VP has (NP (NP blocks )NP (PP of (NP every size and maturity )NP )PP )NP )VP . '' )S  STOP
(S (NP Municipal bond analysts )NP (VP said (SBAR (S (NP the sell-off )NP (VP was (VP triggered (PP by (NP (NP (NP concerns )NP (PP about (NP (NP the city 's )NP financial health )NP )PP )NP , (NP (NP rumors )NP (PP of (NP (NP a (ADJP (QP $ 900 million )QP )ADJP bond offering )NP (VP coming (ADVP soon )ADVP )VP )NP )PP )NP , and (NP political uncertainty )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A spokesman )NP (PP for (NP the city )NP )PP )NP (VP (VP would n't (VP confirm (NP (NP the size )NP (PP of (NP the bond issue )NP )PP )NP )VP )VP , but (VP did (VP say (SBAR that (S (NP a general obligation offering )NP (VP (VP is (PP in (NP the works )NP )PP )VP and (VP should (VP be (VP priced (ADVP sometime (PP in (NP the next two weeks )NP )PP )ADVP , (PP before (NP the November mayoral election )NP )PP )VP )VP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S -LRB- (NP General obligation bonds )NP (VP are (VP backed (PP by (NP (NP the city 's )NP overall revenues and credit )NP )PP )VP )VP . -RRB- )S  STOP
(S (SBAR Although (S (NP many investors )NP (VP were (ADJP aware (SBAR that (S (NP a bond offering )NP (VP was (VP being (VP scheduled )VP )VP )VP )S )SBAR )ADJP )VP )S )SBAR , (NP many )NP (VP expected (S (NP (NP a (ADJP much smaller )ADJP amount )NP (PP of (NP bonds )NP )PP )NP (VP to (VP be (VP sold )VP )VP )VP )S )VP . )S  STOP
(S (NP The fact (SBAR that (S (NP the city )NP (VP will (VP issue (NP (NP such a large amount )NP (PP of (NP debt )NP )PP )NP )VP )VP )S )SBAR )NP (VP was (VP interpreted (PP as (NP a sign (SBAR that (S (NP (NP New York 's )NP budgetary problems )NP (VP are (ADJP (ADJP more serious )ADJP (SBAR than (S (VP had (VP been (VP expected )VP )VP )VP )S )SBAR )ADJP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP New York )NP , (NP (NP one )NP (PP of (NP (NP (NP the nation 's )NP largest issuers )NP (PP of (NP tax-exempt bonds )NP )PP )NP )PP )NP , )NP (VP sold (NP (NP (QP $ 750 million )QP )NP (PP of (NP municipal bonds )NP )PP )NP (ADVP (NP just a few weeks )NP ago )ADVP )VP . )S  STOP
(S (NP There )NP (VP have (VP been (NP reports )NP (PP for (NP months )NP )PP (SBAR that (S (NP (NP the city 's )NP economy )NP (VP is (VP weakening , (SBAR as (S (NP the October 1987 stock market crash )NP (VP continues (S (VP to (VP make (S (NP itself )NP (VP felt )VP )S )VP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The recent sharp stock market decline )NP (VP *UNKED (NP those concerns )NP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP tax revenues )NP (VP are (VP falling (SBAR while (S (NP (NP the city 's )NP spending needs )NP (VP are (VP expanding )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP *UNKED (NP last week )NP (SBAR that (S (NP (NP (NP New York 's )NP credit ratings )NP (PRN -- (ADJP (ADJP *UNK- (PP from (NP (NP Moody 's )NP Investors Service Inc. )NP )PP )ADJP and (ADJP *UNK- (PP from (NP (NP Standard & Poor 's )NP Corp. )NP )PP )ADJP )ADJP -- )PRN )NP (VP are (PP at (NP risk )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The weakness )NP (PP in (NP New York City bonds )NP )PP )NP (VP follows (NP (NP a warning )NP (PP from (NP (NP New York state *UNKC )NP (NP Edward *UNKC )NP )NP )PP (SBAR that (S (NP the 1987 crash )NP (ADVP seriously )ADVP (VP weakened (NP (NP the city 's )NP economy )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (NP a study )NP )PP , (NP the comptroller )NP (VP said , `` (S (NP (NP The city 's )NP *UNK days )NP (VP are (PP over )PP )VP )S )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP warned (NP mayoral candidates )NP `` (S (VP to (VP be (ADJP prepared (PP for (NP (NP (NP limited options )NP and (NP (NP *UNK )NP (PP on (NP (NP service increases )NP (SBAR (S (VP to (VP address (NP (NP the city 's )NP problems )NP )VP )VP )S )SBAR )NP )PP )NP )NP (PP in (NP the next few years )NP )PP )NP )PP , )ADJP (PP due to (NP (NP the *UNK- weakening )NP (PP in (NP the New York City economy )NP )PP )NP )PP )VP )VP )S )VP . '' )S  STOP
(S (NP (NP (NP New York City 's )NP revised financial plan )NP , (ADJP due (ADVP out )ADVP (NP later this month )NP )ADJP , )NP (VP is (VP expected (S (VP to (VP include (NP (NP measures )NP (SBAR (S (VP to (VP balance (NP (NP the city 's )NP (ADJP (QP $ 27 billion )QP )ADJP budget )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP At (NP present )NP )PP , (NP analysts )NP (VP project (NP (NP a budget gap )NP (PP on (NP (NP the order )NP (PP of (NP (QP $ 500 million to $ 600 million )QP )NP )PP )NP )PP )NP (PP for (NP (NP the fiscal year )NP (VP ending (NP June 30 , 1990 )NP )VP )NP )PP , (SBAR although (S (NP (NP the city 's )NP own budget analysts )NP (VP project (NP a *UNK deficit )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Mark *UNKC )NP , (NP (NP (NP New York 's )NP deputy director )NP (PP of (NP finance )NP )PP )NP , )NP (VP said (SBAR that (S (NP (NP (NP investors ' )NP concerns )NP (PP about (NP (NP the city 's )NP financial health )NP )PP )NP (VP are `` (ADJP unwarranted )ADJP (PP given (NP our proven ability (S (VP to (VP manage (NP ourselves )NP )VP )VP )S )NP )PP )VP )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP charges (NP (NP the city 's )NP critics )NP (PP with (S (VP spreading (NP `` *UNKED emotional rhetoric )NP )VP )S )PP )VP . '' )S  STOP
(S (NP There )NP (VP are (ADVP also )ADVP (NP (NP questions )NP (PP about (SBAR whether (S (NP a new and *UNKED mayor )NP (VP can (VP manage (NP the city )NP (PP through (SBAR (WHNP what )WHNP (S (VP could (VP become (NP a financial crisis )NP )VP )VP )S )SBAR )PP )VP )VP )S )SBAR )PP )NP )VP . )S  STOP
(S (NP (NP The leading *UNK )NP (PP for (NP (NP the mayoral office )NP , (NP Democrat David Dinkins )NP , )NP )PP )NP (VP has (VP been (VP criticized (ADVP recently )ADVP (PP for (NP (NP the way )NP (SBAR (S (NP he )NP (VP handled (NP his personal financial affairs )NP )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S And (NP the controversy )NP (VP has (VP led (PP to (NP (NP uncertainty )NP (PP about (NP (NP the outcome )NP (PP of (NP the election )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP Until (NP last week )NP )PP , (NP Mr. Dinkins )NP (VP was (VP considered (S (NP a *UNK- )NP )S )VP )VP . )S  STOP
(SINV `` (S (S (NP The market )NP (VP can (VP adjust (PP to (NP (NP good news )NP or (NP bad news )NP )NP )PP )VP )VP )S , but (S (NP uncertainty )NP (VP drives (S (NP people )NP (ADVP wild )ADVP )S )VP )S )S , '' (VP said )VP (NP (NP Bernard B. *UNKC )NP , (NP (NP chief executive )NP (PP of (NP (NP *UNKC *UNKC & Co. )NP , (NP (NP a securities firm )NP (SBAR (WHNP that )WHNP (S (VP specializes (PP in (NP the municipal market )NP )PP )VP )S )SBAR )NP )NP )PP )NP )NP . )SINV  STOP
(S (PP Until (NP last week )NP )PP , `` (NP Everyone )NP (VP felt (ADJP certain (SBAR (S (NP they )NP (VP knew (NP (NP the outcome )NP (PP of (NP the election )NP )PP )NP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (ADVP Now )ADVP , (NP there )NP (VP have (VP been (NP (NP a number )NP (PP of (NP questions )NP )PP (VP raised )VP )NP )VP )VP . '' )S  STOP
(S (NP Last week )NP , (NP (NP yields )NP (PP on (NP long-term New York City general obligation bonds )NP )PP )NP (VP jumped (NP half a percentage point )NP )VP . )S  STOP
(S (NP (NP (NP New York City 's )NP (ADJP 6 % )ADJP bonds )NP (ADJP due (NP *UNKN )NP )ADJP )NP , (PP for (NP example )NP )PP , (VP were (VP quoted (NP late Friday )NP (PP at (NP (NP a price )NP (SBAR (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )SBAR )NP )PP , (PP compared (PP with (NP *UNKN % )NP (NP Thursday )NP )PP )PP )VP )VP . )S  STOP
(S (SBAR As (S (NP (NP the yield )NP (PP on (NP New York general obligation bonds )NP )PP )NP (VP rose )VP )S )SBAR , (NP (NP the Bond *UNKC *UNK- general obligation index )NP , (NP (NP the (ADJP mostly widely followed )ADJP gauge )NP (PP of (NP the tax-exempt market )NP )PP )NP , )NP (VP held (ADVP steady )ADVP (PP at (NP *UNKN % )NP )PP (PP in (NP (NP the week )NP (VP ended (NP Oct. 19 )NP )VP )NP )PP )VP . )S  STOP
(S (NP Qintex Australia Ltd. )NP (VP encountered (NP another setback )NP (NP Friday )NP (SBAR (WHADVP when )WHADVP (S (NP (NP its Los Angeles-based affiliate )NP , (NP Qintex Entertainment Inc. )NP , )NP (VP filed (PP for (NP (NP protection )NP (PP under (NP (NP Chapter 11 )NP (PP of (NP the U.S. Bankruptcy Code )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Qintex Entertainment )NP (VP (ADVP also )ADVP said (SBAR (S (NP (NP (NP (NP David Evans )NP , (NP its president and chief executive )NP )NP , and (NP (NP Roger *UNKC )NP , (NP a director )NP )NP , )NP )NP (ADVP both )ADVP (VP resigned )VP )S )SBAR )VP . )S  STOP
(S (NP Neither )NP (VP could (VP be (VP reached (PP for (NP comment )NP )PP )VP )VP )VP . )S  STOP
(S (NP Earlier this month )NP , (NP (NP Qintex Australia 's )NP (ADJP (QP $ 1.5 billion )QP )ADJP agreement (S (VP to (VP acquire (NP MGM\/UA Communications Co. )NP )VP )VP )S )NP (VP collapsed (PP because of (NP (NP a dispute )NP (PP over (NP (NP a (ADJP (QP $ 50 million )QP )ADJP letter )NP (PP of (NP credit )NP )PP (SBAR (S (NP (NP the Australian operator )NP (PP of (NP television stations and resorts )NP )PP )NP (VP was (S (VP to (VP have (VP supplied (PP as (NP (NP security )NP (PP in (NP the transaction )NP )PP )NP )PP )VP )VP )VP )S )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP Mr. Evans )NP (VP had (VP been (NP (NP the de *UNK head )NP (PP of (NP MGM\/UA )NP )PP )NP (PP for (NP months )NP )PP )VP )VP . )S  STOP
(S (NP (NP Qintex Entertainment )NP , (NP (NP (NP a producer and distributor )NP (PP of (NP television programs )NP )PP )NP (VP (ADVP most )ADVP noted (PP for (NP (NP its *UNK- )NP (PP of (NP (NP the hit *UNK )NP (NP `` *UNKC *UNKC )NP )NP )PP )NP )PP )VP )NP , '' )NP (VP said (SBAR (S (NP it )NP (VP filed (PP for (NP Chapter 11 protection )NP )PP (SBAR after (S (NP Qintex Australia )NP (VP failed (S (VP to (VP provide (NP it )NP (PP with (NP (NP (QP $ 5.9 million )QP )NP (VP owed (PP to (NP MCA Inc. )NP )PP (PP in (NP (NP connection )NP (PP with (NP (NP the distribution )NP (PP of `` (NP The New (NAC (S (VP *UNKC (NP It )NP (PP to (NP *UNKC )NP )PP )VP )S Show )NAC )NP )PP )NP )PP )NP )PP )VP )NP )PP )VP )VP )S )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (NP Qintex Entertainment )NP (VP (VP is (ADJP (NP 43 % )NP owned (PP by (NP Qintex Australia )NP )PP )ADJP )VP and (VP said (SBAR (S (NP it )NP (VP *UNK (PP on (NP the Australian company )NP )PP (PP for (S (VP funding (NP its working capital requirements )NP )VP )S )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP After (NP (NP the announcement )NP (PP of (NP the bankruptcy filing )NP )PP )NP )PP , (NP Qintex Entertainment stock )NP (VP sank (NP $ *UNKN )NP (PP in (NP over-the-counter trading )NP )PP (S (VP to (VP close (PP at (NP $ 1.50 )NP )PP (PP on (NP (NP heavy volume )NP (PP of (NP (QP more than 1.4 million )QP shares )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The stock )NP (VP traded (ADJP (ADJP as high )ADJP (PP as (NP $ 10 )NP )PP )ADJP (NP this past summer )NP )VP . )S  STOP
(S (NP (NP Jonathan Lloyd )NP , (NP (NP (NP executive vice president )NP and (NP chief financial officer )NP )NP (PP of (NP Qintex Entertainment )NP )PP )NP , )NP (VP said (SBAR (S (NP Qintex Entertainment )NP (VP was (VP forced (S (VP to (VP file (PP for (NP protection )NP )PP (S (VP to (VP avoid (S (VP going (PP into (NP default )NP )PP (PP under (NP (NP its agreement )NP (PP with (NP MCA )NP )PP )NP )PP )VP )S )VP )VP )S )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The (ADJP (QP $ 5.9 million )QP )ADJP payment )NP (VP was (ADJP due (NP Oct. 1 )NP )ADJP )VP )S and (S (NP (NP the deadline )NP (PP for (NP default )NP )PP )NP (VP was (NP Oct. 19 )NP )VP )S . )S  STOP
(S (NP Mr. Lloyd )NP (VP said (S (SBAR if (S (NP Qintex )NP (VP had (VP *UNKED )VP )VP )S )SBAR (NP it )NP (VP could (VP have (VP been (VP required (S (VP to (VP repay (NP (NP (QP $ 92 million )QP )NP (PP in (NP debt )NP )PP )NP )VP )VP )S (PP under (NP its loan agreements )NP )PP )VP )VP )VP )VP )S )VP . )S  STOP
(S (NP MCA )NP (PP on (NP Friday )NP )PP (VP said (SBAR that (S (PP as (NP (NP a result )NP (PP of (NP (NP Qintex 's )NP failure (S (VP to (VP make (NP the required payment )NP )VP )VP )S )NP )PP )NP )PP (NP it )NP (VP was (VP *UNKING (NP (NP the distribution agreement )NP (PP on (NP (NP `` The New (S (VP *UNKC (NP It )NP (PP to (NP *UNKC )NP )PP )VP )S '' )NP (CONJP as well as )CONJP (NP other MCA properties )NP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Qintex Australia )NP (VP was `` (VP saying (ADVP (ADVP as recently )ADVP (PP as (NP last weekend )NP )PP )ADVP (SBAR that (S (NP they )NP (VP would (VP take (NP care )NP (PP of (NP the situation )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(SINV (S (NP They )NP (VP continued (S (VP to (VP represent (NP that )NP (PP to (NP the board )NP )PP )VP )VP )S )VP , '' )S (VP said )VP (NP Mr. Lloyd )NP . )SINV  STOP
(S `` (NP We )NP (VP were (VP *UNKED (SBAR (S (NP they )NP (VP would (VP stand (PP behind (NP the company )NP )PP )VP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP Mr. Lloyd )NP (VP said (SBAR (S (S (NP both (NP Qintex Entertainment )NP and (NP Qintex Australia )NP )NP (VP had (VP attempted (S (VP to (VP secure (NP (NP a loan )NP (SBAR (WHNP that )WHNP (S (VP would (VP allow (S (NP the company )NP (VP to (VP make (NP the (ADJP (QP $ 5.9 million )QP )ADJP payment )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S but (S (NP the request )NP (VP was (VP turned (ADVP down )ADVP (PP by (NP an unidentified lender )NP )PP (PP on (NP Oct. 14 )NP )PP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (PP At (NP that point )NP )PP (PRN , (S (NP he )NP (VP said )VP )S , )PRN (NP Qintex Australia )NP (VP stated (SBAR (S (NP it )NP (VP would `` (VP *UNK (S (VP to (VP *UNK '' (NP the financing )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP However )ADVP (NP a Qintex Australia spokesman )NP (VP said (SBAR (S (NP his firm )NP (VP had (ADVP never )ADVP (VP `` promised or guaranteed '' (S (VP to (VP make (NP the payment )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP a prepared statement )NP (PP from (NP Australia )NP )PP )NP )PP , (NP the company )NP (VP (ADVP also )ADVP said (SBAR that (S , (PP following (NP (NP the breakdown )NP (PP of (NP the MGM talks )NP )PP )NP )PP , (NP it )NP (VP `` (VP had (VP been (VP *UNKING (NP (NP its position )NP (PP as (NP (NP (NP a significant shareholder )NP and (NP a substantial creditor )NP )NP (PP of (NP Qintex Entertainment )NP )PP )NP )PP )NP )VP )VP '' )VP and (VP had `` (VP resolved (S (VP to (VP *UNK (NP (NP the degree )NP (PP of (NP (NP further loans )NP (PP to (NP Qintex Entertainment )NP )PP (PP in (NP (NP excess )NP (PP of (NP (NP that )NP (VP (ADVP previously )ADVP made )VP )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP The Qintex Australia spokesman )NP (VP added (SBAR that (S (NP his company )NP (VP had (VP opposed (NP the Chapter 11 filing )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP the company )NP (VP believed (SBAR (S (NP (NP Qintex Entertainment 's )NP financial problems )NP (VP could (VP have (VP been (VP resolved (PP by (NP other means )NP )PP )VP )VP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The report )NP (PP of (NP the bankruptcy filing )NP )PP )NP (VP *UNKED (NP Hollywood executives and investors )NP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's (NP a *UNK )NP )VP )S , '' (VP said )VP (NP (NP Joseph *UNK *UNKC )NP , (NP (NP chairman )NP (PP of (NP (NP *UNKC Capital Securities )NP , (NP (NP a brokerage firm )NP (SBAR (WHNP that )WHNP (S (VP has (NP (NP an investment )NP (PP in (NP Qintex Entertainment )NP )PP )NP )VP )S )SBAR )NP )NP )PP )NP )NP . )SINV  STOP
(S (S (NP Qintex Australia )NP (VP was `` (VP going (S (VP to (VP pay (NP (QP more than $ 1 billion )QP )NP (PP for (NP MGM\/UA )NP )PP )VP )VP )S )VP )VP )S and (S (ADVP then )ADVP (NP they )NP (VP could n't (VP come (PRT up )PRT (PP with (NP (NP the (ADJP far smaller )ADJP sum )NP (PP of (NP (QP $ 5.9 million )QP )NP )PP )NP )PP )VP )VP )S . '' )S  STOP
(S (NP Qintex )NP (VP said (SBAR (SBAR (S (NP (NP Mr. Evans )NP , (NP the former president )NP , )NP (VP resigned (PP for (NP `` personal reasons '' )NP )PP )VP )S )SBAR and (SBAR that (S (NP (NP Mr. *UNKC )NP , (NP an attorney )NP , )NP (VP resigned (SBAR because (S (NP (NP his participation )NP (PP in (S (VP evaluating (NP (NP (NP the company 's )NP role )NP (PP in (S (VP buying (NP MGM\/UA )NP )VP )S )PP )NP )VP )S )PP )NP (VP was (ADJP no longer necessary )ADJP )VP )S )SBAR )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP was (NP (NP a director )NP (PP of (NP (NP the company )NP and (NP a predecessor firm )NP )NP )PP )NP (PP since (NP 1980 )NP )PP )VP . )S  STOP
(S (NP The announcement )NP (VP seemed (S (VP to (VP (ADVP further )ADVP damp (NP (NP prospects )NP (SBAR that (S (NP (NP talks )NP (PP between (NP (NP Qintex Australia )NP and (NP MGM\/UA )NP )NP )PP )NP (VP might (VP be (VP revived )VP )VP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (NP It )NP (VP 's (VP understood (SBAR that (S (NP MGM\/UA )NP (ADVP recently )ADVP (VP *UNKED (NP (NP (NP *UNKC Murdoch 's )NP News Corp. )NP , (SBAR (WHNP which )WHNP (S (VP made (NP (NP two failed bids )NP (PP for (NP the movie studio )NP )PP )NP )VP )S )SBAR , )NP (S (VP to (VP see (SBAR if (S (NP the company )NP (VP was (ADJP still interested )ADJP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP However )ADVP , `` (NP we )NP (VP are n't (ADVP currently )ADVP (VP doing (NP anything )NP )VP )VP . )S  STOP
(SINV (S (NP It )NP (VP is n't (NP (NP a current topic )NP (PP of (NP conversation )NP )PP )NP (PP at (NP the company )NP )PP )VP , '' )S (VP said )VP (NP (NP Barry *UNKC )NP , (NP (NP chairman )NP and (NP chief executive officer )NP (PP of (NP (NP the Fox Inc. unit )NP (PP of (NP News Corp )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP Financial printer *UNKC & Co. )NP (VP said (SBAR (S (NP it )NP (VP formed (NP (NP a business *UNK service )NP , (SBAR (WHNP which )WHNP (S (VP will (VP provide (NP legal , financial and other services )NP (PP in (NP (NP most major *UNK )NP , (PP including (NP Japanese , Chinese and Russian )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Japan 's )NP Finance Ministry )NP (ADVP strongly )ADVP (VP denied (S (VP playing (NP (NP any role )NP (PP in (NP the New York *UNK- free fall )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP vice minister )NP (PP for (NP international affairs )NP )PP )NP , )NP (VP said (SBAR (S (NP the ministry )NP (VP did n't (PP in (NP any way )NP )PP (VP suggest (PP to (NP Japanese banks )NP )PP (SBAR that (S (NP they )NP (VP stay (PP out (PP of (NP the UAL Corp. leveraged buy-out )NP )PP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The ministry )NP (VP has (ADVP never )ADVP (ADVP even )ADVP (VP suggested (SBAR that (S (NP Japanese banks )NP (VP be (ADJP cautious (PP about (NP leveraged buy-outs )NP )PP (PP in (ADJP general )ADJP )PP )ADJP )VP )S )SBAR )VP )VP )S , (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S `` (S (NP There )NP (VP are (NP no facts (PRN -LCB- (PP behind (NP the *UNK )NP )PP -RCB- )PRN (SBAR that (S (NP we )NP (VP sent (NP (NP any kind )NP (PP of (NP signal )NP )PP )NP )VP )S )SBAR )NP )VP )S , '' (NP he )NP (VP declared (PP in (NP an interview )NP )PP )VP . )S  STOP
(S (NP The comments )NP (VP (VP were (NP (NP (NP the ministry 's )NP first detailed public statement )NP (PP on (NP the subject )NP )PP )NP )VP , and (VP reflect (NP (NP the ministry 's )NP concern (SBAR that (S (NP foreigners )NP (VP will (VP think (SBAR (S (NP Japan )NP (VP is (VP using (NP its tremendous financial power )NP (S (VP to (VP control (NP (NP events )NP (PP in (NP foreign markets )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP A number )NP (PP of (NP (NP accounts )NP (PP of (NP (NP the events )NP (VP leading (PP to (NP (NP the 190 point drop )NP (PP in (NP New York stock prices )NP )PP (PP on (NP Oct. 13 )NP )PP )NP )PP )VP )NP )PP )NP )PP )NP (VP accused (NP (NP the ministry )NP (PP of (S (VP pulling (NP the plug )NP (PP on (NP the UAL deal )NP )PP (PP for (NP (NP one reason )NP or (NP another )NP )NP )PP )VP )S )PP )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP (NP the most )NP (SBAR (S (NP the ministry )NP (VP had (ADVP ever )ADVP (VP done )VP )VP )S )SBAR )NP (VP was (S (VP ask (NP Japanese banks )NP (PP about `` (NP (NP the status )NP (PP of (NP (NP their participation )NP '' (PP in (NP one previous U.S. leveraged buy-out )NP )PP )NP )PP )NP )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The ministry )NP (VP *UNKED (PP about (NP (NP that deal )NP (PRN -- (SBAR (WHNP which )WHNP (S (NP Mr. *UNKC )NP (VP declined (S (VP to (VP identify )VP )VP )S )VP )S )SBAR -- )PRN )NP )PP (SBAR because (S (S (NP (NP the large presence )NP (PP of (NP Japanese banks )NP )PP (PP in (NP the deal )NP )PP )NP (VP was `` (VP being (VP (ADVP strongly )ADVP criticized (PP in (NP the U.S. Congress )NP )PP )VP )VP '' )VP )S and (S (NP (NP it )NP )NP (VP was `` (ADJP necessary )ADJP (SBAR for (S (NP us )NP (VP to (VP *UNK (NP the situation )NP )VP )VP )S )SBAR )VP )S )S )SBAR )VP . '' )S  STOP
(S (S (NP He )NP (VP said (SBAR (S (NP the inquiry )NP (VP was n't (VP made (PP in (NP (NP a way )NP (SBAR (WHNP that )WHNP (S (NP the banks )NP (VP could (VP have (VP interpreted (PP as (S (VP either encouraging or discouraging (NP participation )NP )VP )S )PP )VP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP )S , and (S (NP he )NP (VP added (SBAR that (S (NP (NP none )NP (PP of (NP the Japanese banks )NP )PP )NP (VP changed (NP (NP their *UNK )NP (PP on (NP the deal )NP )PP )NP (PP as (NP (NP a result )NP (PP of (NP the inquiry )NP )PP )NP )PP )VP )S )SBAR )VP )S . )S  STOP
(S (NP Mr. *UNKC )NP (ADVP also )ADVP (VP said (SBAR (S (NP some Japanese banks )NP (VP (VP were (ADJP willing (S (VP to (VP participate (PP in (NP the UAL financing )NP )PP (PP up (PP to (NP the very end )NP )PP )PP )VP )VP )S )ADJP )VP , (SBAR (WHNP which )WHNP (S (VP would (VP suggest (PP at (NP the very least )NP )PP (SBAR that (S (NP they )NP (VP were n't (PP under (NP orders (S (VP to (VP back (PRT out )PRT )VP )VP )S )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP In (ADJP general )ADJP )PP (PRN , (S (NP Mr. *UNKC )NP (VP said )VP )S , )PRN (NP Japanese banks )NP (VP are (VP becoming (ADJP more `` independent '' )ADJP (PP in (NP (NP their approach )NP (PP to (NP overseas deals )NP )PP )NP )PP )VP )VP . )S  STOP
(S `` (S (NP Each Japanese bank )NP (VP has (NP its own judgment )NP (PP on (NP (NP the profits and risks )NP (PP in (NP that -LCB- UAL -RCB- deal )NP )PP )NP )PP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S `` (NP They )NP (VP are (VP becoming (ADJP more independent )ADJP )VP )VP . )S  STOP
(S (NP It )NP (VP 's (NP a sound phenomenon )NP )VP . '' )S  STOP
(S (NP *UNKC Bank Ltd. )NP (VP is (NP (NP one Japanese bank )NP (SBAR (WHNP that )WHNP (S (VP decided (S not (VP to (VP participate (PP in (NP the first UAL proposal )NP )PP )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (NP A *UNKC Bank spokesman )NP (VP denied (SBAR that (S (NP the finance ministry )NP (VP played (NP (NP any part )NP (PP in (NP (NP the bank 's )NP decision )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP We )NP (VP made (NP our own decision )NP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (ADVP Still )ADVP , (NP Mr. Utsumi )NP (VP may (VP have (S (NP a hard time )NP (VP convincing (NP (NP market analysts )NP (SBAR (WHNP who )WHNP (S (VP have (ADVP *UNKLY or *UNKLY )ADVP (VP believed (SBAR that (S (NP the ministry )NP (VP played (NP (NP a role )NP (PP in (S (VP *UNKING (NP (NP recent moves )NP (PP by (NP Japanese banks )NP )PP )NP )VP )S )PP )NP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )S )VP )VP . )S  STOP
(S (NP All week )NP (NP there )NP (VP has (VP been (NP (NP much speculation )NP )NP (PP in (NP (NP financial circles )NP (UCP (PP in (NP Tokyo )NP )PP and (ADVP abroad )ADVP )UCP )NP )PP (PP about (NP (NP the ministry 's )NP real position )NP )PP )VP )VP . )S  STOP
(S (NP Bank analysts )NP (VP say (SBAR (S (NP ministry officials )NP (VP have (VP been (VP growing (ADJP increasingly concerned )ADJP (PP during (NP the past few months )NP )PP (PP about (S (NP Japanese banks )NP (VP getting (PRT in )PRT (PP over (NP their heads )NP )PP )VP )S )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP The -LCB- ministry -RCB- )NP (VP thinks (SBAR (SBAR (S (NP the banks )NP (VP do n't (VP know (SBAR (WHNP what )WHNP (S (NP they )NP (VP are (VP doing )VP )VP )S )SBAR )VP )VP )S )SBAR , (SBAR that (S (NP they )NP (VP have (NP (NP very little idea )NP (SBAR (WHADVP how )WHADVP (S (VP to (VP cope (PP with (NP risk )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )SBAR )VP , '' )S (VP said )VP (NP (NP one foreign bank analyst )NP (SBAR (WHNP who )WHNP (S (VP asked (S not (VP to (VP be (VP identified )VP )VP )VP )S )VP )S )SBAR )NP . )SINV  STOP
(S (S `` (NP The -LCB- ministry -RCB- )NP (VP wants (S (VP to (VP see (S (NP the Japanese banks )NP (VP pull (PRT in )PRT (NP their *UNK )NP '' (PP on (NP leveraged buy-outs )NP )PP )VP )S )VP )VP )S )VP )S , (NP he )NP (VP added )VP . )S  STOP
(S (SBAR Although (S (NP (NP some )NP (PP of (NP (NP the Japanese banks )NP (ADJP involved (PP in (NP (NP the first proposed bid )NP (PP for (NP UAL )NP )PP )NP )PP )ADJP )NP )PP )NP (VP *UNKED (ADVP out )ADVP (SBAR because (S (NP they )NP (VP found (S (NP the terms )NP (ADJP *UNK )ADJP )S )VP )S )SBAR )VP )S )SBAR , (NP observers )NP (NP here )NP (VP say (SBAR (S (NP they )NP (VP have (NP (NP a hard time )NP (S (VP *UNKING (SBAR that (S (NP commercial considerations )NP (VP were (NP the only reason )NP )VP )S )SBAR )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Japanese banks )NP (VP are (PP under `` (NP political pressure )NP '' )PP (PP as well )PP )VP )S , (NP the analyst )NP (VP said )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP analysts )NP (VP point (PRT out )PRT (SBAR that (S (NP Japanese banks )NP (VP have (NP (NP a reputation )NP (PP for (S (VP doing (NP (NP deals )NP (SBAR (WHNP that )WHNP (S (VP are n't (ADJP extremely profitable )ADJP )VP )S )SBAR )NP )VP )S )PP )NP (SBAR if (S (NP they )NP (VP offer (NP the chance (S (VP to (VP (VP build (NP market share )NP )VP , (VP cement (NP an important business relationship )NP )VP or (VP *UNK (NP favor )NP (PP with (NP powerful bureaucrats )NP )PP )VP )VP )VP )S )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (ADVP Clearly )ADVP , (NP some financial authorities )NP (VP are (ADJP concerned (PP about (NP (NP the Japanese banks role )NP (PP in (NP leveraged buy-outs )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (PP At (NP a news conference )NP )PP (NP this week )NP , (NP (NAC Bank (PP of (NP Japan )NP )PP )NAC Gov. *UNKC *UNKC )NP (VP cautioned (S (NP banks )NP (VP to (VP take (NP a `` prudent '' stance )NP (PP regarding (NP highly leveraged deals )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP Despite (NP (NP Mr. *UNKC 's )NP statements )NP )PP , (NP it )NP (VP is (NP (NP (NP the Finance Ministry )NP , not (NP the central bank )NP , )NP )NP (SBAR (WHNP that )WHNP (S (VP makes (NP policy decisions )NP )VP )S )SBAR )VP . )S  STOP
(S (SBAR While (S (NP recent events )NP (VP may (VP cool (NP (NP some )NP (PP of (NP the leveraged buy-out fever )NP )PP )NP )VP )VP )S )SBAR , (NP Japanese banks )NP (VP are n't (ADJP likely (S (VP to (VP walk (ADVP away )ADVP (PP from (NP the game )NP )PP )VP )VP )S )ADJP )VP . )S  STOP
(S (S (PP Despite (NP the risks )NP )PP , (NP the deals )NP (VP can (VP be (NP an attractive way (SBAR for (S (NP Japanese banks )NP (VP to (VP increase (NP their presence )NP (PP in (NP the U.S. market )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S , (NP bank analysts )NP (VP say )VP . )S  STOP
(S (S (UCP (ADJP *UNKC (PP with (NP cash )NP )PP (PP at (NP home )NP )PP )ADJP , but (PP with (S (NP fewer customers )NP (VP to (VP lend (PP to )PP )VP )VP )S )PP )UCP )S , (NP leading banks )NP (VP are (ADJP eager (S (VP to (VP expand (ADVP overseas )ADVP )VP )VP )S )ADJP )VP . )S  STOP
(S (S (VP *UNKING (ADVP in )ADVP (PP on (NP big deals )NP )PP )VP )S (VP is (NP (NP a high profile way )NP (SBAR (S (VP to (VP *UNK (NP (NP the problem )NP (PP of (S (VP not having (NP a strong *UNKING network )NP )VP )S )PP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP (NP France 's )NP national tobacco company )NP , (VP known (PP for (S (VP making (NP (NP *UNK- cigarettes )NP (PP such as (NP *UNKC and *UNKC )NP )PP )NP )VP )S )PP )VP , )NP (VP is (VP *UNKING (PRT out )PRT )VP )VP . )S  STOP
(S (S (ADJP *UNKED (PP by (NP (NP *UNKING demand )NP (PP for (NP its traditional products )NP )PP )NP )PP )ADJP )S , (NP it )NP (VP is (VP moving (PP (CONJP not only )CONJP (PP into (NP *UNK cigarettes )NP )PP , (CONJP but also )CONJP (PP into (NP (NP electronic *UNKING payment cards )NP (SBAR (S (VP to (VP be (VP sold (PP in (NP neighborhood tobacco stores )NP )PP )VP )VP )VP )S )SBAR )NP )PP )PP )VP )VP . )S  STOP
(S (NP (NP Brown tobacco )NP (PP in (NP France )NP )PP )NP (VP is (NP (NP a (ADJP more *UNK )ADJP , (ADJP stronger )ADJP *UNK )NP (PP than (NP (NP (NP the lighter *UNK )NP , or (NP *UNK tobacco )NP , )NP (VP used (PP in (NP so-called *UNKC cigarettes )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP are n't (NP Philip Morris Cos. )NP )VP )S , '' (VP says )VP (NP (NP *UNKC de *UNKC )NP , (NP (NP chairman )NP (PP of (NP (NP government-owned Societe *UNKC *UNK *UNKC des *UNKC & *UNKC S.A. )NP , (S (VP known (PP as (NP *UNKC )NP )PP )VP )S )NP )PP )NP )NP . )SINV  STOP
(S (NP He )NP (VP says (SBAR that (S (SBAR because (S (NP (NP *UNKC 's )NP profits )NP (VP are (VP limited (PP by (NP *UNKED cigarette prices )NP )PP )VP )VP )S )SBAR , (NP he )NP (VP does n't (VP have (NP the cash )NP (SBAR (S (VP to (VP *UNK (ADVP (ADVP as heavily )ADVP )ADVP (PP into (NP food and drink )NP )PP (SBAR as (S (NP the U.S. concern )NP (VP has (VP done )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S -LRB- (NP Last year )NP , (PP for (NP example )NP )PP , (NP (NP *UNKC 's )NP net profit )NP (VP soared (NP 150 % )NP (PP to (NP (NP (QP *UNKN million )QP French francs )NP -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )NP )PP (PP on (NP (NP sales )NP (PP of (NP (NP (QP *UNKC *UNKN billion )QP )NP - (NP a (ADJP 1.7 % )ADJP profit margin )NP )NP )PP )NP )PP )VP . -RRB- )S  STOP
(S (ADVP Instead )ADVP , (NP he )NP (VP said (PP in (NP an interview )NP )PP , (SBAR (S (NP he )NP (VP is (VP looking (PP for (NP (NP ways )NP (SBAR (S (VP to (VP exploit (NP (NP (NP (NP France 's )NP network )NP (PP of (NP *UNKN tobacco agents )NP )PP )NP )NP , (S (NP (NP most )NP (PP of (NP them )NP )PP )NP (NP *UNK )NP )S )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR While (S (NP *UNKC )NP (VP does n't (VP own (NP the French *UNK )NP )VP )VP )S )SBAR , (NP (NP its close alliance )NP (PP with (NP them )NP )PP )NP (VP offers (NP distribution possibilities )NP )VP . )S  STOP
(S (NP One proposal )NP (VP is (S (VP to (VP introduce (NP (NP a new payment system )NP (PP for (NP parking )NP )PP (PP in (NP Paris )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (PP Instead of (S (VP paying (PP for (NP parking )NP )PP (PP by (S (VP putting (NP money )NP (PP in (NP (NP the existing machines )NP , (SBAR (WHNP which )WHNP (S (VP deliver (NP little paper receipts )NP )VP )S )SBAR )NP )PP )VP )S )PP )VP )S )PP , (NP drivers )NP (VP would (VP be (ADJP able (S (VP to (VP buy (NP electronic cards )NP (PP in (NP local tobacco shops )NP )PP )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (SBAR Once (S (VP *UNKED )VP )S )SBAR , (NP the card )NP (VP would (VP sit (PP in (NP (NP the car 's )NP window )NP )PP , (S (VP showing (NP traffic *UNK )NP (SBAR (WHNP (WHADVP how much )WHADVP time )WHNP (S (NP the *UNK )NP (VP could (VP remain )VP )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP the *UNK )NP (VP returned (PP to (NP his car )NP )PP )VP )S )SBAR (NP he )NP (VP (VP could (VP turn (NP the card )NP (PRT off )PRT )VP )VP and , (VP (SBAR if (S (NP it )NP (VP showed (NP time remaining )NP )VP )S )SBAR , (VP save (NP it )NP (PP for (NP later )NP )PP )VP )VP )VP . )S  STOP
(S (NP Seita )NP (VP is (NP (NP a partner )NP (PP in (NP (NP the project )NP , (SBAR (WHNP which )WHNP (S (VP was (VP developed (PP by (NP *UNKC *UNK )NP )PP (S (VP using (NP Japanese technology )NP )VP )S )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP Seita and *UNKC )NP (ADVP currently )ADVP (VP are (VP negotiating (PP with (NP city officials )NP )PP (PP for (NP the right (S (VP to (VP begin (NP service )NP )VP )VP )S )NP )PP )VP )VP . )S  STOP
(S And (NP Seita )NP (VP is (VP considering (NP further diversification )NP )VP )VP . )S  STOP
(S (NP It )NP (VP (VP wanted (S (VP to (VP buy (NP (NP (NP RJR Nabisco Inc. 's )NP French *UNK subsidiary )NP , (NP *UNKC )NP , )NP )VP )VP )S (PP in (NP (NP hopes )NP (PP of (S (VP selling (NP its products )NP (PP in (NP tobacco stores )NP )PP )VP )S )PP )NP )PP )VP , but (VP lost (NP the bidding )NP (PP to (NP food group *UNKC *UNK )NP )PP )VP )VP . )S  STOP
(S (NP It )NP (ADVP currently )ADVP (VP is (VP considering (S (VP bidding (PP for (NP Swedish *UNKC Co )NP )PP )VP )S )VP )VP . )S  STOP
(S And (NP it )NP (VP retains (NP (NP an interest )NP (PP in (S (VP acquiring (NP (NP (NP *UNK )NP and (NP other articles )NP )NP (SBAR (WHNP that )WHNP (S (VP might (VP be (VP sold (PP in (NP tobacco shops )NP )PP )VP )VP )VP )S )SBAR )NP )VP )S )PP )NP )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP is (VP trying (S (VP to (VP shore (PRT up )PRT (NP its tobacco business )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP *UNKC cigarettes )NP (PP such as (NP *UNKC )NP )PP )NP (ADVP now )ADVP (VP make (PRT up )PRT (NP (NP (NP just 40 % )NP (PP of (NP the French tobacco market )NP )PP )NP , (NP (NP half the level )NP (PP of (NP (NP about two decades )NP (ADVP ago )ADVP )NP )PP )NP )NP )VP . )S  STOP
(S (SBAR While (S (NP Seita )NP (VP retains (NP a manufacturing monopoly )NP (PP in (NP France )NP )PP )VP )S )SBAR , (NP it )NP (VP is (VP being (VP hurt (PP (PP by (NP rising imports )NP )PP and (PP from (NP *UNKING cigarette demand )NP )PP )PP )VP )VP )VP . )S  STOP
(S (ADVP So )ADVP (NP Seita )NP (VP (VP has (VP introduced (NP *UNK cigarettes )NP (PP under (NP the *UNKC label )NP )PP )VP )VP , and (VP intends (S (VP to (VP *UNK (NP the unsuccessful *UNKC *UNKC )NP (PP in (NP (NP new packaging )NP , (ADJP similar (PP to (NP (NP the *UNK- )NP (VP used (PP by (NP *UNK- *UNKC )NP )PP )VP )NP )PP )ADJP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP The aim )NP (PRN , (SINV (VP says )VP (NP Mr. de *UNKC )NP )SINV , )PRN (VP is (S (S (VP to (VP win (NP market share )NP (PP from (NP imported cigarettes )NP )PP )VP )VP )S , and (S (VP to (VP persuade (NP (NP *UNK )NP (SBAR (WHNP who )WHNP (S (VP are (VP *UNKING (PP to (NP *UNK cigarettes )NP )PP )VP )VP )S )SBAR )NP (S (VP to (VP keep (S (VP buying (ADVP French )ADVP )VP )S )VP )VP )S )VP )VP )S )S )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP the Supreme Court )NP (VP *UNK (NP (NP Missouri 's )NP abortion restrictions )NP (NP last July )NP )VP )S )SBAR , (NP the *UNK )NP (ADVP almost certainly )ADVP (VP did n't (VP have (NP (NP *UNK driving )NP , (NP *UNKING )NP and (NP false *UNK )NP )NP (PP on (NP their minds )NP )PP )VP )VP . )S  STOP
(S But (NP the *UNKN ruling )NP (VP may (VP have (VP had (NP (NP as much immediate impact )NP (PP on (NP (NP those activities )NP (PRN -- (NP especially *UNKING )NP -- )PRN )NP )PP (PP as (PP on (NP abortion rights )NP )PP )PP )NP )VP )VP )VP . )S  STOP
(S (NP (NP The decision )NP , (NP Webster vs. *UNKC Health Services )NP , )NP (VP illustrates (SBAR (WHADVP how )WHADVP (S (NP Supreme Court *UNK )NP (ADVP often )ADVP (VP have (NP a *UNK effect )NP , (S (VP spreading (PP into (NP (NP areas )NP (PP of (NP law and policy )NP )PP (SBAR (SBAR (WHNP that )WHNP (S (VP were n't (NP (NP part )NP (PP of (NP (NP the actual cases )NP (VP decided )VP )NP )PP )NP )VP )S )SBAR and (SBAR (WHNP that )WHNP (S (ADVP never )ADVP (VP were (VP *UNKED (PP by (NP the *UNK )NP )PP )VP )VP )S )SBAR )SBAR )NP )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP the Missouri case )NP )PP , (NP *UNK consequences )NP (VP may (VP have (VP *UNK (SBAR because (S (NP the high court )NP (VP *UNKED (NP (NP the *UNK )NP (PP of (NP (NP the state 's )NP 1986 abortion law )NP )PP )NP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP The *UNK )NP (VP says (SBAR (SBAR that (S (NP human life )NP (VP begins (PP at (NP *UNK )NP )PP )VP )S )SBAR and (SBAR that (S (NP *UNK children )NP (VP have (NP (NP rights )NP (VP protected (PP by (NP the Constitution )NP )PP )VP )NP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP Last year )NP , (NP (NP a federal appeals court )NP (PP in (NP St. Louis )NP )PP )NP (VP said (SBAR (S (NP the *UNK )NP (VP was (ADJP *UNK )ADJP )VP )S )SBAR , (S (VP citing (NP (NP an earlier Supreme Court ruling )NP (SBAR that (S (NP states )NP (VP ca n't (VP justify (NP *UNK abortion *UNK )NP (PP by (S (VP changing (NP (NP the definition )NP (PP of (SBAR (WHADVP when )WHADVP (S (NP life )NP (VP begins )VP )S )SBAR )PP )NP )VP )S )PP )VP )VP )S )SBAR )NP )VP )S )VP . )S  STOP
(S But (NP the Supreme Court )NP (VP concluded (SBAR that (S (NP (NP it )NP )NP (VP was (ADJP *UNK )ADJP (S (VP to (VP rule (PP on (NP (NP the *UNK )NP (PP of (NP the *UNK )NP )PP )NP )PP )VP )VP )S (SBAR because (S (NP (NP the definition )NP (PP of (NP human life )NP )PP )NP (VP had n't (ADVP yet )ADVP (VP been (VP used (S (VP to (VP restrict (NP abortion services )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP The high court majority )NP (VP said (SBAR (S (NP (NP it )NP )NP (VP was (PP up (PP to (NP the state courts )NP )PP )PP (PP for (NP now )NP )PP (S (VP to (VP decide (SBAR whether (S (NP the definition )NP (VP has (NP (NP any bearing )NP (PP on (NP other state laws )NP )PP )NP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (ADVP Already )ADVP , (NP local Missouri judges )NP (VP have (VP relied (PP on (NP the restored *UNK )NP )PP (PP in (NP two separate cases )NP )PP (S (VP to (VP throw (PRT out )PRT (NP (NP criminal *UNK charges )NP (PP against (NP (NP anti-abortion demonstrators )NP (SBAR (WHNP who )WHNP (S (VP blocked (NP (NP access )NP (PP to (NP (NP *UNKC Health Services )NP , (NP (NP an abortion *UNK )NP (PP in (NP St. Louis )NP )PP )NP )NP )PP )NP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP The protesters )NP (VP said (SBAR (S (NP their actions )NP (VP were (ADJP justified (PP by (NP the desire (S (VP to (VP save (NP (NP the lives )NP (PP of (NP *UNK children )NP )PP )NP )VP )VP )S )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (PP Under (NP a 1981 Missouri law )NP )PP , (NP (NP *UNK )NP (VP accused (PP of (NP (NP some crimes )NP , (PP including (NP *UNKING )NP )PP , )NP )PP )VP )NP (VP may (VP offer (NP a defense (SBAR that (S (NP their actions )NP (VP were (ADJP justified `` (PP as (NP (NP an emergency measure )NP (SBAR (S (VP to (VP avoid (NP an imminent (ADJP public or private )ADJP injury )NP )VP )VP )S )SBAR )NP )PP )ADJP )VP )S )SBAR )NP )VP )VP . '' )S  STOP
(S (S (VP *UNKING (PP on (NP (NP the preamble 's )NP statement (SBAR that (S (NP a *UNK )NP (VP is (NP an *UNK child )NP )VP )S )SBAR )NP )PP )VP )S , (NP the two St. Louis County Circuit Court judges )NP (PP in (NP August )NP )PP (VP accepted (NP the *UNK (SBAR that (S (NP the abortion *UNK protesters )NP (VP were (VP trying (S (VP to (VP save (NP lives )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (NP another case )NP )PP , (NP (NP a *UNK )NP , (NP *UNKC *UNKC )NP , )NP (VP was (VP convicted (PP of (NP *UNK )NP )PP (PP before (NP (NP the Supreme Court 's )NP Webster ruling )NP )PP )VP )VP . )S  STOP
(S (NP Last week )NP , (SBAR (WHADVP when )WHADVP (S (NP her appeal )NP (VP was (VP argued (PP before (NP (NP the Missouri Court )NP (PP of (NP Appeals )NP )PP )NP )PP )VP )VP )S )SBAR , (NP her lawyer )NP (VP (ADVP also )ADVP relied (PP on (NP the preamble )NP )PP )VP . )S  STOP
(SINV `` (S (S (NP (NP The effect )NP (PP of (NP the Supreme Court Webster opinion )NP )PP )NP (VP is (SBAR that (S (NP it )NP (VP left (NP (NP room )NP (SBAR for (S (NP *UNK )NP (VP to (VP grow (PP in (NP (NP the *UNK )NP (PP of (NP *UNKC vs. *UNKC )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )S , and (S (NP I )NP (VP think (SBAR (S (NP this )NP (VP is (NP (NP one )NP (PP of (NP the *UNK )NP )PP )NP )VP )S )SBAR )VP )S )S , '' (VP said )VP (NP (NP Mark *UNKC )NP , (NP (NP a St. Louis lawyer )NP (SBAR (WHNP who )WHNP (S (VP represented (NP (NP Ms. O'Brien )NP and (NP the other St. Louis protesters )NP )NP )VP )S )SBAR )NP )NP . )SINV  STOP
(S (NP *UNKC vs. *UNKC )NP (VP was (NP (NP (NP the Supreme Court 's )NP 1973 decision )NP (SBAR (WHNP that )WHNP (S (VP recognized (NP (NP (NP a woman 's )NP right )NP (PP to (NP abortion )NP )PP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP president )NP (PP of (NP (NP Kansas City Lawyers )NP (PP for (NP Life )NP )PP )NP )PP )NP , )NP (VP says (SBAR that (SBAR (S (SBAR if (S (NP abortion *UNK )NP (VP succeed (PP in (S (VP using (NP the preamble )NP (S (VP to (VP escape (NP (NP prosecution )NP (PP for (NP *UNK )NP )PP )NP )VP )VP )S )VP )S )PP )VP )S )SBAR , `` (NP This )NP (VP will (VP shut (PRT down )PRT (NP abortion )NP (PP in (NP Missouri )NP )PP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (S (NP There )NP (VP 's (NP (NP no risk )NP (PP to (NP the protesters )NP )PP )NP )VP )S , and (S (NP you )NP (VP ca n't (VP keep (S (NP an abortion *UNK )NP (ADVP open )ADVP )S (SBAR if (S (NP there )NP (VP are (NP (NP 3,000 people )NP (VP standing (ADVP outside )ADVP (NP every day )NP )VP )NP )VP )S )SBAR )VP )VP )S . '' )S  STOP
(S (NP That )NP (VP would (VP be (NP (NP an *UNK result )NP (PP of (NP (NP a case )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP the Supreme Court )NP (VP (ADVP *UNKLY )ADVP stopped (ADVP short )ADVP (PP of (S (VP *UNKING (NP *UNKC vs. *UNKC )NP )VP )S )PP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (PP In (NP two other cases )NP )PP , (NP (NP the possible consequences )NP (PP of (NP the Supreme Court ruling )NP )PP )NP (VP appear (ADJP even more *UNKED )ADJP )VP . )S  STOP
(S (PP In (NP one )NP )PP , (NP (NP the lawyer )NP (PP for (NP (NP a *UNK- *UNK )NP (PP of (NP (NP Columbia )NP , (NP *UNKC )NP , )NP )PP (SBAR (WHNP who )WHNP (S (VP was (VP charged (PP with (NP *UNK driving )NP )PP )VP )VP )S )SBAR , )NP )PP )NP (VP argued (SBAR that (S (NP his client )NP (VP should (VP be (VP treated (PP as (NP a *UNK- adult )NP )PP (SBAR because (S (NP his actual age )NP (VP should (VP be (VP calculated (PP (PP from (NP *UNK )NP )PP , not (PP from (NP birth )NP )PP )PP )VP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP Missouri )NP )PP , (NP (NP those )NP (VP caught (S (VP drinking and driving )VP )S (PP between (NP (NP the *UNK )NP (PP of (NP 16 and 21 )NP )PP )NP )PP )VP )NP (VP may (VP have (S (NP their licenses )NP (VP *UNKED (PP for (NP one year )NP )PP )VP )S , (SBAR while (S (NP (NP those )NP (UCP (NP 21 )NP or (ADJP older )ADJP )UCP )NP (VP suffer (NP only a 30-day suspension )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP A *UNKC County judge )NP (VP rejected (NP the motion )NP )VP )S , but (S (NP (NP Daniel *UNKC )NP , (NP a Jefferson City lawyer )NP , )NP (VP says (SBAR (S (NP he )NP (VP has (VP appealed )VP )VP )S )SBAR )VP )S . )S  STOP
(S And (PP in (NP (NP a case )NP (VP filed (PP in (NP federal court )NP )PP (PP in (NP August )NP )PP )VP )NP )PP , (NP a lawyer )NP (VP is (VP arguing (SBAR that (S (NP Missouri authorities )NP (VP are (VP (ADVP *UNKLY )ADVP *UNKING (NP (NP the *UNK )NP (PP of (NP (NP a pregnant woman )NP (SBAR (WHNP who )WHNP (S (VP is (PP in (NP jail )NP )PP (PP for (NP theft and *UNK )NP )PP )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP (NP terms )NP (PP of (NP *UNK *UNK )NP )PP )NP )PP , (NP (NP the *UNKC regime )NP (PP of (NP *UNKC *UNKC )NP )PP )NP (VP may (VP rank (PP as (NP (NP No. 1 )NP (PP in (NP the world )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The only reason (SBAR that (S (NP *UNKC )NP (VP remains (PP in (NP *UNK )NP )PP )VP )S )SBAR )NP (VP is (NP numbers )NP : (FRAG (NP (NP (NP a (ADJP *UNKLY *UNKED )ADJP *UNK )NP (PP of (NP (QP 8.5 million )QP people )NP )PP )NP (VP spread (ADVP out )ADVP (PP over (NP (NP an *UNK )NP (NP (NP nearly the size )NP (PP of (NP Texas )NP )PP )NP )NP )PP )VP )NP )FRAG )VP . )S  STOP
(S (NP The Barre *UNK )NP (VP (ADVP simply )ADVP is (ADJP limited (PP in (NP (NP the amount )NP (PP of (NP people )NP )PP (SBAR (S (NP it )NP (VP can (VP *UNK and kill )VP )VP )S )SBAR )NP )PP )ADJP )VP . )S  STOP
(S (S (VP (VP *UNKING (NP small children )NP )VP , (VP *UNKING (NP elderly people )NP (PP to (NP death )NP )PP )VP , (VP *UNKING and *UNKING (NP women )NP )VP , and (VP *UNKING (NP people )NP (ADVP alive )ADVP )VP )VP )S (VP are (NP (NP just a few )NP (PP of (NP (NP the *UNKLY activities )NP (SBAR (WHNP that )WHNP (S (NP the *UNKC *UNKED forces )NP (VP have (VP been (VP engaged (PP in )PP (PP over (NP the past two years )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP (QP Up to 500,000 )QP *UNKC )NP (VP have (VP escaped (PP to (NP (NP the relative safety )NP (PP of (NP *UNKC *UNKC )NP )PP )NP )PP (PP because of (NP (NP the behavior )NP (PP of (NP (NP President Barre 's )NP troops )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP (NP the *UNK )NP (PP of (NP *UNKC )NP )PP )NP )PP , (PP for (NP example )NP )PP , (NP (NP hundreds )NP (PP of (NP (NP men )NP (PP of (NP the rival *UNKC *UNK )NP )PP )NP )PP )NP (VP were (VP (VP *UNKED (PRT up )PRT (PP in (NP May 1988 )NP )PP )VP , (VP *UNKED )VP , and (VP (ADVP then )ADVP taken (ADVP out )ADVP (PP at (NP night )NP )PP (PP in (NP (NP groups )NP (PP of (NP (QP five to 50 )QP men )NP )PP )NP )PP (S (VP to (VP be (VP executed (PP without (NP any judicial process *UNK )NP )PP )VP )VP )VP )S )VP )VP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP were (VP (ADVP never )ADVP used )VP )VP )S : (S (NP Each man )NP (VP was (VP *UNKED (PP to (NP death )NP )PP (PP with (NP a large *UNK )NP )PP )VP )VP )S . )S  STOP
(S (NP The *UNK details )NP (VP are (ADVP only now )ADVP (VP emerging (PP from (NP (NP a *UNKLY *UNKED report )NP , (PP based (PP on (NP (NP hundreds )NP (PP of (NP (NP interviews )NP (PP with (NP *UNKLY selected refugees )NP )PP )NP )PP )NP )PP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The study )NP (VP was (VP done (PP by (NP (NP (NP Robert *UNKC )NP , (NP (NP a consultant )NP (PP to (NP the U.S. State Department )NP )PP (SBAR (WHNP who )WHNP (S (VP has (NP (NP years )NP (PP of (NP (NP experience )NP (PP in (S (VP investigating (NP (NP *UNK- abuses )NP (PP on (NP (NP both sides )NP (PP of (NP the *UNK- ideological *UNK )NP )PP )NP )PP )NP )VP )S )PP )NP )PP )NP )VP )S )SBAR )NP )NP )NP )PP )VP )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (VP gives (NP these events )NP (NP particular significance )NP )VP )S )SBAR , (ADVP however )ADVP , (VP is (NP the fact (SBAR that (S (NP they )NP (VP are (NP (NP part )NP (PP of (NP (NP a wider drama )NP (VP affecting (NP (NP the strategic positions )NP (PP of (NP both (NP the U.S. )NP and (NP the Soviet Union )NP )NP )PP (PP on (NP (NP the *UNK )NP (PP of (NP Africa )NP )PP )NP )PP )NP )VP )NP )PP )NP )VP )S )SBAR )NP )VP . )S  STOP
(SINV (PP Not since (NP the late 1970s )NP )PP (VP has )VP (NP the *UNK )NP (VP been (PP (PP so up (PP for (NP *UNK )NP )PP )PP (SBAR as (S (NP it )NP (VP has (VP (ADVP suddenly )ADVP become (PP in (NP just the past few weeks )NP )PP )VP )VP )S )SBAR )PP )VP . )SINV  STOP
(S (NP (NP Mr. Barre 's )NP rule )NP (VP is (VP *UNKING (ADVP fast )ADVP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP *UNK (NP (NP (NP his armed forces )NP (PRN -LRB- (NP really just an armed *UNK )NP -RRB- )PRN )NP , (SBAR (WHNP which )WHNP (S (VP control (NP (QP less than half )QP the country )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (PP at (NP record levels )NP )PP )VP . )S  STOP
(S (S (ADJP *UNKC )ADJP )S , (NP he )NP (VP has (VP called (PRT in )PRT (NP the *UNKC )NP (S (VP to (VP help (S (VP fight (NP (NP the rebels )NP (PP of (NP (NP the *UNKC National *UNKC )NP (PP in (NP the north )NP )PP , (SBAR (WHNP which )WHNP (S (VP is (NP (NP only one )NP (PP of (NP (NP several groups )NP (VP picking (PRT away )PRT (PP at (NP the regime )NP )PP (PP in (NP (NP the capital )NP (PP of (NP *UNKC )NP )PP )NP )PP )VP )NP )PP )NP )VP )S )SBAR )NP )PP )NP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (S (UCP (ADJP (NP *UNKC years )NP old )ADJP and (NP a *UNKED `` scientific socialist , '' )NP )UCP )S (NP President Barre )NP (VP has (NP (NP a power base )NP , (VP *UNKED (PP only of (NP (NP his minority *UNKC *UNK )NP , (SBAR (WHNP that )WHNP (S (PP according (PP to (NP observers )NP )PP )PP (VP is `` (VP narrowing )VP )VP )S )SBAR )NP )PP )VP )NP )VP . '' )S  STOP
(S (NP (NP (NP The U.S. 's )NP interest )NP (PP in (NP *UNKC )NP )PP )NP (VP consists (PP of (NP (NP a single *UNK )NP (PP at (NP (NP the *UNK )NP (PP of (NP *UNKC )NP )PP )NP )PP , (SBAR (WHNP which )WHNP (S (NP U.S. military aircraft )NP (VP have (NP the right (S (VP to (VP use (PP for (NP (NP *UNK )NP (PP of (NP (NP (NP the Gulf )NP (PP of (NP *UNKC )NP )PP )NP and (NP the Indian Ocean )NP )NP )PP )NP )PP )VP )VP )S )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP That strip )NP (PP of (NP concrete )NP )PP )NP (VP is (VP backed (PRT up )PRT (PP by (NP (NP a few *UNK- , *UNKED *UNK )NP (SBAR (WHADVP where )WHADVP (S (NP (NP (NP a handful )NP (PP of (NP American *UNK )NP )PP )NP (PRN -- (VP *UNKED (PP by (NP (NP imported food )NP , (NP cold soft *UNK )NP and (NP (NP back issues )NP (PP of (NP Sports *UNKED )NP )PP )NP )NP )PP )VP -- )PRN )NP (VP maintain (NP (NP radio contact )NP (PP with (NP the outside world )NP )PP )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (PP In (NP the past two years )NP )PP , (NP (NP the desert )NP (PP behind (NP them )NP )PP )NP (VP has (VP become (NP (NP (NP a land )NP (PP of (NP (NP mass *UNK )NP and (NP *UNK *UNK )NP )NP )PP )NP , (SBAR (WHADVP where )WHADVP , (S (PP due to (NP (NP Mr. Barre 's )NP *UNK and *UNK )NP )PP , (NP nobody )NP (VP is (ADVP any longer )ADVP (PP in (NP control )NP )PP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (SBAR (ADVP As long as )ADVP (S (NP (NP the rival *UNKED regime )NP (PP of (NP *UNKC *UNKC *UNKC )NP )PP )NP (VP held (NP a total gridlock )NP (PP over (NP *UNKING *UNKC )NP )PP )VP )S )SBAR , (NP the U.S. )NP (VP was (VP forced (S (VP to (VP accept (NP that *UNKLY *UNKC *UNK )NP (PP as (NP (NP a distant No. 2 )NP (PP to (NP (NP (NP the Soviets ' )NP array )NP (PP of (NP *UNK )NP )PP (PP next (NP door )NP )PP )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S But (PP due to (NP (NP dramatic events )NP (PP on (NP the *UNK )NP )PP (PP over (NP the past few days and weeks )NP )PP )NP )PP , (NP those Soviet bases )NP (VP may (ADVP soon )ADVP (VP be (ADJP (ADJP (ADJP as *UNKED )ADJP and (ADJP as *UNKLY )ADJP )ADJP (PP as (NP the American *UNK )NP )PP )ADJP )VP )VP . )S  STOP
(S (PP On (NP Sept. 7 )NP )PP , (NP I )NP (VP wrote (PP on (NP these pages )NP )PP (PP about (NP (NP the killing and *UNKING )NP (PP of (NP 10,000 *UNKC soldiers )NP )PP (PP by (NP *UNKC and *UNKC *UNK )NP )PP )NP )PP )VP . )S  STOP
(S (ADVP Recently )ADVP , (PP in (NP (NP *UNKC province )NP (PP in (NP (NP the center )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP )PP , (NP *UNKC forces )NP (VP have (VP killed , *UNKED and captured (NP an additional 20,000 government troops )NP )VP )VP . )S  STOP
(S -LRB- (VP *UNKC (SBAR (WHNP what )WHNP (S (NP these numbers )NP (VP mean )VP )S )SBAR -- (PP considering (NP (NP the headline space )NP (VP devoted (PP to (NP (NP hundreds )NP (PP of (NP (NP deaths )NP (PP in (NP (NP Lebanon )NP , (NP (NP a small country )NP (PP of (NP little strategic importance )NP )PP )NP )NP )PP )NP )PP )NP )PP )VP )NP )PP )VP ! -RRB- )S  STOP
(S (NP *UNKC *UNK )NP (VP are (ADVP now )ADVP (ADVP (NP 200 miles )NP north (PP of (NP *UNKC *UNKC )NP )PP )ADVP , (S (VP (VP threatening (NP (NP the town )NP (PP of (NP *UNKC )NP )PP )NP )VP , (SBAR (WHNP which )WHNP (S (VP would (VP cut (PRT off )PRT (NP (NP Mr. *UNKC 's )NP capital )NP (PP from (NP (NP the *UNK )NP (PP of (NP *UNKC )NP )PP , (SBAR (WHPP through (WHNP which )WHNP )WHPP (S (NP (NP all fuel )NP and (NP other supplies )NP )NP (VP reach (NP *UNKC *UNKC )NP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (PP As (NP a result )NP )PP , (NP Mr. *UNKC )NP (VP has (VP been (VP forced (S (VP to (VP transfer (NP (NP thousands )NP (PP of (NP troops )NP )PP )NP (PP from (NP *UNKC )NP )PP )VP )VP )S (S (ADVP just )ADVP (VP to (VP hold (NP the town )NP )VP )VP )S , (S (VP (ADVP thereby )ADVP *UNKING (NP (NP the loss )NP (PP of (NP (NP even more territory )NP (PP in (NP *UNKC )NP )PP )NP )PP )NP (S (ADVP only )ADVP (VP to (VP keep (S (NP the *UNKC )NP (PP at (NP *UNK )NP )PP )S )VP )VP )S )VP )S )VP )VP )VP . )S  STOP
(S (S (NP Mr. *UNKC )NP (VP is (PP in (NP an increasingly weak position )NP )PP )VP )S : (S (NP *UNKC his army )NP (VP is (VP tied (PRT down )PRT (S (VP defending (NP (NP the northern city )NP (PP of (NP *UNKC )NP )PP )NP (PP from (NP the *UNKC )NP )PP )VP )S )VP )VP )S . )S  STOP
(S (SBAR (X The weaker )X (S (NP he )NP (VP gets )VP )S )SBAR , (X the more )X (NP he )NP (VP turns (PP toward (NP the U.S. )NP )PP (PP for (NP help )NP )PP )VP . )S  STOP
(S (SBAR While (S (NP the *UNKC )NP (VP are (NP *UNK )NP )VP )S )SBAR , (PP like (NP the *UNKC )NP )PP (NP they )NP (VP are (PP among (NP (NP the most *UNK- *UNK )NP (PP in (NP the world )NP )PP )NP )PP , (S (VP having (VP suffered (NP (NP more )NP (PP than (NP (NP a decade )NP (PP of (NP (NP *UNK *UNK )NP (PP by (NP the *UNKED *UNKC air force )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (NP this )NP (ADVP all )ADVP (VP means (PP in (NP *UNK )NP )PP )VP )S )SBAR (VP is (SBAR that (S (NP (NP Soviet *UNK )NP (PP in (NP *UNKC )NP )PP )NP (VP is (VP *UNKING (ADVP (ADVP as fast )ADVP (SBAR as (S (NP (NP (NP President Barre 's )NP regime )NP (PP in (NP *UNKC )NP )PP )NP (VP is )VP )S )SBAR )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The U.S. )NP , (ADVP therefore )ADVP , (VP has (NP a *UNK opportunity (S (VP both (VP to (VP strike (NP (NP a blow )NP (PP for (NP human rights )NP )PP )NP (PP in (NP *UNKC )NP )PP )VP )VP and (VP to (VP *UNK (NP (NP the *UNK *UNK- )NP (PP of (NP the late 1970s )NP )PP (PP on (NP (NP the *UNKC )NP (PP of (NP Africa )NP )PP )NP )PP )NP )VP )VP )VP )S )NP )VP . )S  STOP
(FRAG (ADVP Back (PP to (NP *UNKC )NP )PP )ADVP : )FRAG  STOP
(S (NP The State Department )NP , (PP to (NP its credit )NP )PP , (VP has (ADVP already )ADVP (VP begun (S (VP *UNKING (NP itself )NP (PP from (NP Mr. Barre )NP )PP )VP )S , (S (VP *UNKED (PP by (NP its decision (S (VP to (VP publish (NP (NP the *UNKC report )NP (PRN -LRB- (SBAR (WHNP which )WHNP (S (NP the press )NP (VP has (VP ignored )VP )VP )S )SBAR -RRB- )PRN )NP )VP )VP )S )NP )PP )VP )S )VP )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (VP 's (NP more )NP )VP )S )SBAR , (NP the U.S. )NP (VP has (VP suspended (NP (NP (NP (QP $ 2.5 million )QP )NP (PP in (NP military aid )NP )PP )NP and (NP (NP (QP $ 1 million )QP )NP (PP in (NP economic aid )NP )PP )NP )NP )VP )VP . )S  STOP
(S But (NP this )NP (VP is (ADJP not enough )ADJP )VP . )S  STOP
(S (SBAR Because (S (NP the U.S. )NP (VP is (ADVP still )ADVP (VP perceived (S (VP to (VP be (VP tied (PP to (NP Mr. Barre )NP )PP )VP )VP )VP )S )VP )VP )S )SBAR , (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP goes )VP )S )SBAR (NP the *UNK )NP (VP could (VP go (ADVP too )ADVP )VP )VP . )S  STOP
(S (PP *UNKING (SBAR (WHADJP how *UNK )WHADJP (S (NP (NP the security )NP (PP of (NP that *UNK )NP )PP )NP (VP is (ADVP anyway )ADVP )VP )S )SBAR )PP , (NP (NP the better option )NP (PRN -- (ADVP both *UNKLY and *UNKLY )ADVP -- )PRN )NP (VP would (VP be (SBAR for (S (NP the Bush administration )NP (VP to (VP blast (NP the regime )NP (ADVP publicly )ADVP , (PP in (NP (NP terms )NP (ADJP clear enough (PP for (NP all influential *UNKC )NP )PP (S (VP to (VP understand )VP )VP )S )ADJP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP is (NP a *UNK )NP (SBAR that (S (NP (NP Mr. Barre 's )NP days )NP (VP are (VP *UNKED )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The U.S. )NP (VP should (VP take (NP care , (ADVP however )ADVP , (SBAR that (S (NP (NP its own position )NP (PP in (NP the country )NP )PP )NP (VP does not (VP go (ADVP down )ADVP (PP with (NP him )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP Nobody )NP (VP is (ADJP sure (SBAR (SBAR (WHNP what )WHNP (S (VP will (VP come (ADJP next )ADJP (PP in (NP Somalia )NP )PP )VP )VP )S )SBAR or (SBAR (WHNP whom )WHNP (S (NP the successor )NP (VP might (VP be )VP )VP )S )SBAR )SBAR )ADJP )VP . )S  STOP
(S But (SBAR as (S (NP one expert )NP (VP tells (NP me )NP )VP )S )SBAR : `` (SBAR (WHNP *UNKC )WHNP (S (NP it )NP (VP is )VP )S )SBAR (VP will (VP have (S (VP to (VP work (ADVP pretty *UNK hard )ADVP (S (VP to (VP be (ADJP (ADJP worse )ADJP (PP than (NP Barre )NP )PP )ADJP )VP )VP )S )VP )VP )S )VP )VP . '' )S  STOP
(S (SBAR While (S (NP the State Department )NP (VP positions (NP itself )NP (PP for (NP (NP the *UNK- period )NP (PP in (NP Somalia )NP )PP )NP )PP )VP )S )SBAR , (NP it )NP (VP should (VP continue (S (VP to (VP back (NP (NP former President Carter 's )NP *UNKED role )NP (PP as (NP (NP a mediator )NP (PP between (NP (NP Mr. *UNKC )NP and (NP (NP the *UNKC *UNK )NP (PP in (NP *UNKC )NP )PP )NP )NP )PP )NP )PP )VP )VP )S , (SBAR while (S (ADVP *UNKLY )ADVP (VP opening (PRT up )PRT (NP (NP channels )NP (PP of (NP communications )NP )PP (PP with (NP the *UNKC rebels )NP )PP )NP (PP through (NP neighboring *UNKC )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP *UNKC politics )NP (VP are (NP (NP the most sophisticated , *UNK and *UNKC )NP (PP in (NP (NP all )NP (PP of (NP black Africa )NP )PP )NP )PP )NP )VP . )S  STOP
(S (VP *UNKC (NP (SBAR that (S (NP it )NP (VP took (NP Mr. Mengistu )NP (NP many months )NP , (PP in (SBAR (WHNP what )WHNP (S (VP became (VP known (PP as (NP the `` *UNKING coup , '' )NP )PP )VP )VP )S )SBAR )PP (S (VP to (VP *UNK (NP *UNKC *UNKC *UNKC )NP (PP in (NP 1974 and 1975 )NP )PP )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (NP There )NP (VP is (ADVP simply )ADVP (NP no way (S (VP to (VP engineer (NP a *UNK )NP (ADVP *UNKLY )ADVP )VP )VP )S )NP , (SBAR as (S (VP is (ADJP sometimes possible )ADJP (NP (NP elsewhere )NP (PP on (NP the *UNK )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S But (S (NP the U.S. )NP (VP has (NP one great advantage )NP )VP )S : (S (NP The Soviets )NP (VP are (VP (ADVP *UNKLY )ADVP *UNKED (PP throughout (NP Ethiopia )NP )PP (SBAR for (SBAR (WHNP what )WHNP (S (NP they )NP (VP did (PP to (NP the country )NP )PP (NP this past decade )NP -- (NP (NP *UNK )NP and (NP all )NP )NP )VP )S )SBAR )SBAR )VP )VP )S . )S  STOP
(S (NP It )NP (VP 's (PP not just (PP in (NP (NP Eastern Europe )NP (SBAR (WHADVP where )WHADVP (S (NP (NP the march )NP (PP of (NP events )NP )PP )NP (VP is (ADVP finally )ADVP (PP on (NP the U.S. side )NP )PP )VP )S )SBAR )NP )PP , but (PP on (NP (NP the *UNK )NP (PP of (NP Africa )NP )PP )NP (ADVP as well )ADVP )PP )PP )VP . )S  STOP
(S (S (NP (NP The only U.S. liability )NP (PP in (NP the region )NP )PP )NP (VP is (SBAR (WHNP what )WHNP (S (VP remains (PP of (NP (NP the link )NP (PP to (NP Mr. Barre )NP )PP )NP )PP )VP )S )SBAR )VP )S , and (S (NP that )NP (VP should (VP be (VP cut (ADVP fast )ADVP )VP )VP )VP )S . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (NP (NP author )NP (PP of (NP `` (NP (S (VP *UNKC or *UNKC )VP )S : (NP (NP The *UNKC )NP (PP *UNKC (NP the *UNKC )NP )PP )NP )NP '' (PRN -LRB- (NP (NP *UNKC Press )NP , (NP 1988 )NP )NP -RRB- )PRN )NP )PP )NP , )NP (VP lives (PP in (NP *UNKC )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC Inc. )NP , (NP (NP *UNKC *UNKC )NP , (NP Calif. )NP , )NP )NP (VP got (NP (NP an (ADJP (QP $ 86 million )QP )ADJP Navy contract )NP (PP for (NP *UNK- systems )NP )PP )NP )VP . )S  STOP
(S (NP General Electric Co. )NP (VP received (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP Air Force contract )NP (PP for (NP *UNKC *UNK *UNK )NP )PP )NP )VP . )S  STOP
(S (NP Goodyear *UNKC & *UNKC Co. )NP (VP was (VP awarded (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP Army contract )NP (PP for (NP *UNK- parts )NP )PP )NP )VP )VP . )S  STOP
(S (NP *UNKC Sciences Corp. )NP (VP was (VP awarded (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP Air Force contract )NP (PP for (NP technical support )NP )PP )NP )VP )VP . )S  STOP
(S (NP *UNKC Capital Inc. )NP (VP said (SBAR (S (NP the final *UNK factor )NP (VP was (NP (NP *UNKN )NP (PP on (NP its *UNKED , (ADJP $ *UNK- )ADJP tender offer (S (VP to (VP buy (ADVP back )ADVP (NP (NP (QP as many as 1.1 million )QP )NP (PP of (NP its common shares )NP )PP )NP )VP )VP )S )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP *UNKC )NP (VP will (VP begin `` (ADVP (ADVP as soon )ADVP (PP as (NP Oct. 25 )NP )PP )ADVP , '' )VP )VP )S (NP the company )NP (VP said )VP . )S  STOP
(S (NP *UNKC )NP (VP is (NP (NP a developer and manager )NP (PP of (NP *UNK- limited partnerships )NP )PP )NP )VP . )S  STOP
(S (PP Through (NP (NP a separate agreement )NP (PP between (NP (NP (NP Peter *UNKC )NP , (NP president )NP , )NP and (NP (NP a group )NP (PP of (NP selling shareholders )NP )PP )NP )NP )PP )NP )PP (PRN , (S (NP the company )NP (VP said )VP )S , )PRN (NP Mr. *UNKC )NP (VP will (PP on (NP Oct. 30 )NP )PP (VP buy (NP *UNKN shares )NP (PP from (NP the group )NP )PP , (S (VP boosting (NP his stake )NP (PP to (NP (NP (QP about *UNKN )QP shares )NP , or (NP (NP *UNKN % )NP (PP of (NP (NP the total )NP (PP after (NP the buy-back )NP )PP )NP )PP )NP )NP )PP )VP )S )VP )VP . )S  STOP
(S (S (NP (NP Canada 's )NP consumer price index )NP (VP rose (NP a seasonally adjusted 0.2 % )NP (PP in (NP September )NP )PP (PP from (NP August )NP )PP )VP )S , (NP (NP Statistics Canada )NP , (NP a federal agency )NP , )NP (VP said )VP . )S  STOP
(S (NP The rise )NP (VP followed (NP (NP boosts )NP (PP of (NP (NP (NP 0.1 % )NP (PP in (NP August )NP )PP )NP , (NP (NP 0.7 % )NP (PP in (NP July )NP )PP )NP and (NP (NP *UNKN % )NP (PP in (NP June )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP OPEC 's )NP ability (S (VP to (VP produce (NP (NP more petroleum )NP (SBAR than (S (NP it )NP (VP can (VP sell )VP )VP )S )SBAR )NP )VP )VP )S )NP (VP is (VP beginning (S (VP to (VP cast (NP a shadow )NP (PP over (NP world oil markets )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP from (NP (NP the Organization )NP (PP of (NP Petroleum *UNKING *UNKC )NP )PP )NP )PP )NP (VP is (ADVP already )ADVP (PP at (NP (NP a high )NP (PP for (NP the year )NP )PP )NP )PP )VP )S and (S (NP most member nations )NP (VP are (VP running (ADVP flat out )ADVP )VP )VP )S . )S  STOP
(S But (NP industry and OPEC officials )NP (VP agree (SBAR that (S (NP (NP a handful )NP (PP of (NP members )NP )PP )NP (ADVP still )ADVP (VP have (NP enough *UNKED capacity (S (VP to (VP (VP *UNK (NP the market )NP )VP and (VP cause (NP an *UNK- collapse )NP (NP (NP a few months )NP (PP from (NP now )NP )PP )NP )VP (SBAR if (S (NP OPEC )NP (VP does n't (ADVP soon )ADVP (VP adopt (NP a new *UNK system )NP (S (VP to (VP *UNK (NP its *UNK *UNK )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (PP As (NP a result )NP )PP , (NP (NP the effort )NP (PP by (NP some oil ministers )NP )PP (S (VP to (VP get (S (NP OPEC )NP (VP to (VP approve (NP a new permanent *UNKING agreement )NP (NP next month )NP )VP )VP )S )VP )VP )S )NP (VP is (VP taking (PRT on )PRT (NP increasing *UNK )NP )VP )VP . )S  STOP
(S (NP The organization )NP (VP is (VP scheduled (S (VP to (VP meet (PP in (NP Vienna )NP )PP (PP beginning (NP Nov. 25 )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP So far (NP this year )NP )ADVP , (NP (NP (NP rising demand )NP (PP for (NP OPEC oil )NP )PP )NP and (NP (NP production restraint )NP (PP by (NP some members )NP )PP )NP )NP (VP have (VP kept (S (NP prices )NP (ADJP firm )ADJP (PP despite (NP (NP *UNK *UNKING )NP (PP by (NP others )NP )PP )NP )PP )S )VP )VP . )S  STOP
(S But (NP that )NP (VP could (VP change (SBAR if (S (NP (NP demand )NP (PP for (NP (NP OPEC 's )NP oil )NP )PP )NP (VP *UNK (ADVP seasonally )ADVP (NP early next year )NP (SBAR as (S (NP some )NP (VP think (SBAR (S (VP may (VP happen )VP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (NP OPEC )NP (VP is (ADVP currently )ADVP (VP producing (NP (NP (QP more than 22 million )QP barrels )NP (NP a day )NP )NP , (PP sharply above (NP (NP its nominal , *UNKED fourth-quarter ceiling )NP (PP of (NP *UNKN million )NP )PP )NP )PP , (PP according (PP to (NP (NP OPEC )NP and (NP (NP industry officials )NP (PP at (NP (NP an oil conference here )NP (VP sponsored (PP by (NP (NP the Oil Daily )NP and (NP the International *UNKC *UNKC )NP )NP )PP )VP )NP )PP )NP )NP )PP )PP )VP )VP . )S  STOP
(S (S (PP At (NP that rate )NP )PP , (NP (NP a majority )NP (PP of (NP (NP OPEC 's )NP 13 members )NP )PP )NP (VP have (VP reached (NP their output limits )NP )VP )VP )S , (NP they )NP (VP said )VP . )S  STOP
(S But (NP it )NP (VP is (VP estimated (SBAR that (S (NP (NP (NP (QP at least three million )QP barrels )NP (NP a day )NP )NP (PRN -- and (NP (NP possibly as much )NP (PP as (NP (NP (QP seven million )QP barrels )NP (NP a day )NP )NP )PP )NP -- )PRN (PP of (NP spare capacity )NP )PP )NP (ADVP still )ADVP (VP *UNK (PP within (NP OPEC )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP Most )NP (VP is (VP concentrated (PP in (NP (NP five *UNKC Gulf countries )NP , (PP including (NP his own )NP )PP , )NP )PP )VP )VP )S (NP (NP *UNKC *UNKC )NP , (NP (NP *UNKC 's )NP oil minister )NP , )NP (VP told (NP the conference )NP (NP Friday )NP )VP . )S  STOP
(S (NP He )NP (VP puts (NP (NP OPEC 's )NP current capacity )NP (PP at (NP (NP (QP 28 million to 29 million )QP barrels )NP (NP a day )NP )NP )PP )VP . )S  STOP
(S (NP That )NP (VP 's (ADJP (ADJP higher )ADJP (PP than (NP some other estimates )NP )PP )ADJP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC *UNKC )NP , (NP (NP *UNKC 's )NP oil minister )NP , )NP (ADVP recently )ADVP (VP estimated (NP (NP OPEC capacity )NP (PP at (NP (NP (QP 25 million )QP barrels )NP (NP a day )NP )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC way )NP , (NP the *UNK )NP (VP is (ADJP big enough (S (VP to (VP keep (S (NP *UNKLY *UNKED oil markets )NP (PP on (NP edge )NP )PP )S )VP )VP )S )ADJP )VP . )S  STOP
(S (NP (NP Even modest amounts )NP (PP of (NP (NP additional output )NP (PP by (NP (NP (NP those )NP (PP with (NP the huge extra capacity and reserves )NP )PP , (PP such as (NP (NP Saudi Arabia )NP and (NP *UNKC )NP )NP )PP )NP , )NP )PP )NP )PP )NP (VP could (VP upset (NP the market )NP )VP )VP . )S  STOP
(S (NP (NP The *UNKC oil minister )NP and (NP Saudi oil minister *UNKC *UNKC )NP )NP (VP insisted (PP in (NP (NP their comments )NP (PP to (NP the conference )NP )PP )NP )PP (SBAR that (S (NP their countries )NP (VP would (VP act (ADVP *UNKLY )ADVP (S (VP to (VP maintain (NP a stable market )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP However )ADVP , (PP in (NP interviews )NP )PP (ADVP later )ADVP , (NP both ministers )NP (VP stressed (SBAR that (S (NP they )NP (VP expect (S (NP future OPEC quotas )NP (VP to (VP be (VP based (PP (ADVP mainly )ADVP on (NP (NP the production capacity and reserves )NP (PP of (NP each member )NP )PP )NP )PP )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP Under (NP that approach )NP )PP , (NP (NP countries )NP (PP with (NP the most *UNKED oil capacity )NP )PP )NP (VP would (VP get (NP (NP bigger shares )NP (PP of (NP (NP any future increases )NP (PP in (NP (NP OPEC 's )NP production ceiling )NP )PP )NP )PP (SBAR than (S (NP they )NP (VP would (PP under (NP the current system )NP )PP )VP )S )SBAR )NP )VP )VP . )S  STOP
(SINV `` (SBARQ (SBAR If (S (NP you )NP (VP are (ADVP already )ADVP (VP producing (PP at (NP (NP (QP 95 % or 100 % )QP )NP (PP of (NP your capacity )NP )PP )NP )PP )VP )VP )S )SBAR , (WHNP what )WHNP (SQ (VP 's (NP the good )NP (S (VP to (VP be (VP told (SBAR (S (NP you )NP (VP can (VP produce (PP at (NP (NP 105 % )NP (PP of (NP capacity )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP )VP )S )VP )SQ )SBARQ ? '' (VP asked )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S (PP At (NP an *UNK Geneva meeting )NP )PP (NP late last month )NP , (NP (NP OPEC 's )NP oil ministers )NP (ADVP *UNKLY )ADVP (VP approved (NP (NP another increase )NP (PP of (NP (NP (QP one million )QP barrels )NP (NP a day )NP )NP )PP (PP in (NP their production ceiling )NP )PP )NP )VP . )S  STOP
(S (NP They )NP (VP *UNKED (NP it )NP (PRT out )PRT (S (VP using (NP the existing formula )NP )VP )S , (ADVP however )ADVP , (SBAR (WHNP which )WHNP (S (VP meant (SBAR that (S (NP (NP even those countries )NP (SBAR (WHNP that )WHNP (S (VP could n't (VP produce (NP more )NP )VP )VP )S )SBAR )NP (VP received (NP higher official *UNK )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The main effect )NP (PP of (NP the ceiling boost )NP )PP )NP (VP was (S (VP to `` (VP *UNK '' (NP (NP some )NP (PP of (NP (NP the *UNK )NP (VP (ADVP already )ADVP coming (PP from (NP the *UNK *UNK )NP )PP )VP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (ADVP Still )ADVP , (NP there )NP (VP was (NP a *UNK )NP (PP at (NP Geneva )NP )PP )VP . )S  STOP
(S (ADVP Previously )ADVP , (NP no OPEC member )NP (VP had (VP been (ADJP willing (S (VP to (VP accept (NP (NP a reduction )NP (PP in (NP (NP its percentage share )NP (PP of (NP (NP (NP the group 's )NP total output target )NP , or (NP ceiling )NP )NP )PP )NP )PP )NP )VP )VP )S )ADJP )VP )VP . )S  STOP
(S But (NP (NP the concept )NP (PP of (NP (NP disproportionate quotas )NP (PP for (NP (NP those )NP (PP with (NP *UNKED capacity )NP )PP )NP )PP )NP )PP , (VP advanced (ADVP there )ADVP (PP in (NP an Iranian proposal )NP )PP )VP , )NP (VP was (ADVP generally )ADVP (VP endorsed (PP by (NP the ministers )NP )PP )VP )VP . )S  STOP
(S (PP In (NP the end )NP )PP (NP politics )NP (VP got (PP in (NP the way )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP accepted (NP (NP Iran 's )NP proposal )NP (SBAR only so long as (S (NP it )NP (VP was (VP promised (NP (NP production parity )NP (PP with (NP *UNKC )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S And (NP (NP the United Arab *UNKC )NP , (NP a *UNK *UNK *UNK )NP , )NP (VP refused (S (VP to (VP give (NP any guarantee (SBAR (S (NP it )NP (VP would (VP change (NP its ways )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S But (S (NP the oil ministers )NP (VP continue (S (VP to (VP study (NP the plan )NP )VP )VP )S )VP )S , and (S (NP it )NP (VP will (ADVP probably )ADVP (VP be (NP (NP the basis )NP (PP for (NP (NP discussion )NP (PP at (NP (NP next month 's )NP meeting )NP )PP )NP )PP )NP )VP )VP )S . )S  STOP
(S (NP It )NP (VP 's (VP understood (SBAR (S (NP several *UNK )NP (ADVP already )ADVP (VP have (VP been (VP worked (PP into (NP the plan )NP )PP )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The ceiling )NP (VP would (VP be (VP lifted (PP to (NP (QP *UNKN million )QP barrels )NP )PP (S (VP to (VP provide (NP (NP *UNKC )NP and (NP the United Arab *UNKC )NP )NP (NP much higher official quotas )NP (SBAR while (S (VP reducing (NP (NP percentage shares )NP (PP of (NP some others )NP )PP )NP )VP )S )SBAR )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP (NP *UNKC 's )NP previous conditions )NP (VP are (ADVP no longer )ADVP (VP considered (S (NP a problem )NP )S , (SBAR although (S (NP the United Arab *UNKC )NP (VP is (ADVP still )ADVP (NP an issue )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP (NP Saudi Arabia )NP , (NP (NP OPEC 's )NP *UNK )NP , )NP (ADVP also )ADVP (VP has (VP surfaced (PP as (NP a possible obstacle )NP )PP )VP )VP )S , (NP some OPEC sources )NP (VP said )VP . )S  STOP
(S (S (VP *UNKING (PP on (NP (NP a (ADJP *UNKN % )ADJP share )NP (PP of (NP any ceiling )NP )PP )NP )PP )VP )S , (NP Saudi officials )NP (VP have (VP (ADVP long )ADVP pressed (PP for (NP (NP the pro *UNK distribution )NP (PP of (NP increases )NP )PP (PP to (NP all members )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP Geneva )NP )PP , (ADVP however )ADVP , (NP they )NP (VP supported (NP (NP Iran 's )NP proposal )NP (SBAR because (S (NP it )NP (VP would (VP have (VP (VP left (S (NP (NP the Saudi percentage )NP (PP of (NP the OPEC total )NP )PP )NP (ADJP intact )ADJP )S )VP , and (VP increased (NP actual Saudi volume )NP (PP to (NP (NP (QP nearly 5.3 million )QP barrels )NP (ADVP daily )ADVP )NP )PP (PP from (NP five million )NP )PP )VP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Some )NP (PP of (NP (NP the proposed modifications )NP since )NP )PP )NP , (ADVP however )ADVP , (VP call (PRT on )PRT (S (NP Saudi Arabia )NP (VP to `` (VP give (PRT back )PRT '' (PP to (NP the *UNKING pool )NP )PP (NP a *UNK *UNKN barrels )NP )VP )VP )S )VP . )S  STOP
(S (SBAR Though (S (ADJP tiny )ADJP )S )SBAR , (NP that )NP (VP 's (NP (NP a reduction )NP (PP in (NP its share )NP )PP )NP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (NP the Saudi oil minister )NP , )NP (VP reiterated (ADVP here )ADVP (SBAR that (S (NP the *UNK )NP (VP would (VP insist (PP on (S (VP maintaining (NP (NP its percentage share )NP (PP of (NP OPEC production )NP )PP )NP (PP under (NP any *UNK revisions )NP )PP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S `` (PP Under (NP any circumstances )NP )PP , (NP Saudi Arabia )NP (VP should (VP get (ADJP more '' (CONJP rather than )CONJP less )ADJP )VP )VP )S , (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (PP In (NP (NP a blow )NP (PP to (NP (NP France 's )NP *UNKC jet *UNK )NP )PP )NP )PP , (NP the French *UNK )NP (PP for (NP the first time )NP )PP (VP (ADVP publicly )ADVP stated (NP its desire (S (VP to (VP buy (NP 15 McDonnell Douglas Corp. *UNKC *UNKC )NP (S (VP to (VP defend (NP its aircraft carriers )NP )VP )VP )S )VP )VP )S )NP )VP . )S  STOP
(S (NP The statement )NP (VP is (ADJP likely (S (VP to (VP *UNK (NP (NP the debate )NP (PP within (NP (NP France 's )NP military establishment )NP )PP (PP over (NP (NP the *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP is (VP made (PP by (NP *UNKC *UNKC *UNKC Aviation *UNK )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (PP In (NP (NP an interview )NP (PP in (NP (NP (NP the navy 's )NP official weekly magazine )NP (NP *UNKC *UNKC )NP )NP )PP )NP )PP , (NP (NP (NP the navy 's )NP *UNK- )NP , (NP *UNKC *UNKC *UNKC )NP , )NP (VP said (SBAR (S (NP the navy )NP (VP (ADVP still )ADVP intends (S (VP to (VP buy (NP 86 *UNKC )NP (SBAR as (S (VP scheduled )VP )S )SBAR (PP in (NP (NP the late 1990s )NP and (NP early *UNK century )NP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The air force )NP (VP is (S (VP to (VP take (NP (QP at least 250 )QP more )NP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP said (SBAR (S (NP the navy )NP (VP ca n't (VP wait (PP until (NP (NP 1998 )NP , (SBAR (WHADVP when )WHADVP (S (NP the naval *UNKC )NP (VP becomes (ADJP available )ADJP )VP )S )SBAR , )NP )PP (S (VP to (VP replace (NP (NP (NP its *UNK fleet )NP (PP of (NP *UNKC *UNKC )NP )PP )NP , (VP used (PP since (NP the 1950s )NP )PP (S (VP to (VP protect (NP carriers )NP (PP from (NP attack )NP )PP )VP )VP )S )VP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Rather than (S (VP (VP *UNK (NP the *UNKC )NP )VP , (SBAR (WHNP which )WHNP (S (NP *UNKC )NP (VP is (VP proposing (S (VP to (VP do (PP for (NP (NP (QP around 1.8 billion )QP French francs )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR , (NP *UNKC *UNKC )NP (VP said (SBAR (S (NP the navy )NP (VP wants (S (VP to (VP buy (NP used *UNKC )NP (PP from (NP the U.S. Navy )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP the statement )NP (VP is n't (NP (NP an attack )NP (PP on (NP the *UNKC )NP )PP )NP )VP . )S  STOP
(S (NP Adm. *UNKC )NP (VP said (SBAR that (S (SBAR (WHADVP when )WHADVP (S (NP the *UNKC )NP (VP wear (PRT out )PRT )VP )S )SBAR , (NP the navy )NP (VP is (ADJP prepared (S (VP to (VP take (NP *UNKC )NP (S (VP to (VP replace (NP them )NP )VP )VP )S )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S But (ADVP *UNKLY )ADVP , (NP senior navy officials )NP (VP (ADVP sharply )ADVP *UNK (NP the *UNKC )NP (PP as (NP (NP an air force plane )NP (ADJP *UNKED (PP to (NP carrier use )NP )PP )ADJP )NP )PP )VP . )S  STOP
(S (SBAR Although (S (NP they )NP (ADVP never )ADVP (VP said (ADVP so )ADVP (ADVP publicly )ADVP )VP )S )SBAR , (NP they )NP (VP have (VP made (NP (NP no secret )NP (PP of (NP (NP their preference )NP (PP for (NP the *UNKC )NP )PP (PP on (NP operational grounds )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Adm. *UNKC 's )NP comments )NP (VP are (ADJP likely (S (VP to (VP *UNK (NP (NP the broader dispute )NP (PP within (NP the military establishment )NP (ADVP here )ADVP )PP (PP over (NP (NP the role )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (SBAR Although (FRAG (S (ADJP *UNKED )ADJP )S )FRAG )SBAR , (NP *UNKC )NP (ADVP still )ADVP (VP is (VP run (PP by (NP (NP (NP the founder 's )NP son )NP , (NP Chairman *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP has (VP (ADVP fiercely )ADVP protected (NP (NP his company 's )NP independence )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (S (NP The *UNKC project )NP (VP is (NP (NP the result )NP (PP of (NP (NP France 's )NP inability (S (ADVP jointly )ADVP (VP to (VP develop (NP a plane )NP (PP with (NP other countries )NP )PP )VP )VP )S )NP )PP )NP )VP )S , and (S (NP French officials )NP (VP question (SBAR whether (S (NP the state )NP (VP can (VP continue (S (VP paying (PP for (NP expensive independent programs )NP )PP )VP )S )VP )VP )S )SBAR )VP )S . )S  STOP
(S (ADVP So far )ADVP , (NP Mr. *UNKC )NP (VP has (VP resisted (NP pressure (S (VP to (VP change )VP )VP )S )NP )VP )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (VP brought (NP the naval issue )NP (PP to (NP a head )NP )PP )VP )S )SBAR (VP is (SBAR that (S (NP the *UNKC )NP (VP are (ADVP literally )ADVP (VP falling (ADVP apart )ADVP , (PP without (NP any immediate plan (S (VP to (VP replace (NP them )NP )VP )VP )S )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Adm. *UNKC )NP , (NP a former *UNKC *UNK leader )NP , )NP (VP said (SBAR that (S (NP (NP the last other country )NP (SBAR (S (VP to (VP use (NP *UNKC )NP )VP )VP )S )SBAR , (NP the Philippines )NP , )NP (VP retired (NP its last ones )NP (ADVP (NP two years )NP ago )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP A French *UNKC crash )NP (ADVP (NP a few months )NP ago )ADVP (VP *UNKED (NP (NP pressure )NP (PP for (NP new planes )NP )PP )NP (ADVP here )ADVP )VP . )S  STOP
(S (NP Adm. Goupil )NP (VP rejected (NP (NP *UNKC 's )NP proposal (S (VP to (VP *UNK (NP the *UNKC )NP )VP )VP )S )NP , (S (VP saying (SBAR (S (NP the cost )NP (VP was (ADJP impossible (SBAR (S (VP to (VP estimate )VP )VP )S )SBAR )ADJP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (S (ADJP Even *UNKED )ADJP )S (PRN , (S (NP he )NP (VP said )VP )S , )PRN (NP the *UNKC )NP (VP represent (NP (NP an *UNK and dangerous protection )NP (PP for (NP (NP the aircraft carriers )NP (SBAR (S (NP France )NP (VP has (VP sent (S (VP to (VP meet (NP (NP such crises )NP (PP as (NP (NP the wars )NP (PP in (NP (NP Lebanon )NP and (NP the *UNKC Gulf )NP )NP )PP )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP Defense Minister *UNKC *UNKC )NP (VP told (NP (NP a meeting )NP (PP of (NP the *UNKC Press Association )NP )PP )NP (SBAR that (S (NP (NP the question )NP (PP of (S (VP (VP *UNKING (NP the Crusaders )NP )VP or (VP buying (NP used *UNKC )NP )VP )VP )S )PP )NP (VP is (NP (NP a `` political '' decision )NP (SBAR (WHNP that )WHNP (S (NP he )NP (VP will (VP make (PP in (NP due time )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP THE *UNKC *UNKC ruling )NP (VP *UNKING (NP (NP Missouri 's )NP restrictive abortion law )NP )VP )NP (VP was (NP Webster vs. *UNKC Health Services )NP )VP . )S  STOP
(S (NP The *UNK )NP (VP was (VP *UNKED (PP in (NP (NP Friday 's )NP edition )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP *UNKING )NP (PP by (NP average Japanese households )NP )PP )NP (PP in (NP August )NP )PP (VP fell (NP an adjusted 1.9 % )NP (PP from (ADVP (NP a year )NP earlier )ADVP )PP )VP )S , (NP (NP the Statistics Bureau )NP (PP of (NP (NP the Prime Minister 's )NP Office )NP )PP )NP (VP said )VP . )S  STOP
(S (NP The bureau )NP (VP cited (NP (NP *UNK )NP (PP in (NP the month )NP )PP (SBAR (WHNP that )WHNP (S (VP *UNKED (NP shopping and *UNK opportunities )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP *UNKING )NP (PP by (NP Japanese households )NP )PP )NP (VP averaged (NP (NP *UNKN yen )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN )NP (PP in (NP August )NP )PP )VP . )S  STOP
(S (PP In (NP nominal terms )NP )PP (NP it )NP (VP rose (NP *UNKN % )NP (PP from (ADVP (NP a year )NP earlier )ADVP )PP (PP before (NP adjustment )NP )PP )VP . )S  STOP
(S (NP (NP August adjusted spending )NP (PP by (NP *UNKING families )NP )PP )NP (VP was (ADVP down (NP 0.6 % )NP )ADVP (PP to (NP *UNKN yen )NP (PP from (ADVP (NP a year )NP earlier )ADVP )PP )PP )VP . )S  STOP
(S (NP (NP The real income )NP (PP of (NP *UNKING families )NP )PP )NP (PP in (NP the month )NP )PP (VP eased (NP 1.2 % )NP (PP to (NP *UNKN yen )NP (PP from (NP the previous year )NP )PP )PP )VP . )S  STOP
(S (PP For (NP Cathay Pacific Airways )NP )PP , (NP the smooth ride )NP (VP may (VP be (VP ending )VP )VP )VP . )S  STOP
(S (NP (NP The first signs )NP (PP of (NP trouble )NP )PP )NP (VP came (NP last month )NP (SBAR (WHADVP when )WHADVP (S (NP (NP the Hong Kong carrier )NP , (NP (NP a subsidiary )NP (PP of (NP *UNKC Pacific Ltd. )NP )PP )NP , )NP (VP (VP posted (NP (NP a (ADJP 5 % )ADJP drop )NP (PP in (NP operating profit )NP )PP (PP for (NP the first six months )NP )PP )NP )VP and (VP warned (SBAR that (S (NP margins )NP (VP will (VP remain (PP under (NP pressure )NP )PP (PP for (NP (NP the rest )NP (PP of (NP the year )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Securities analysts )NP , (SBAR (WHNP (NP many )NP (PP of (WHNP whom )WHNP )PP )WHNP (S (VP scrapped (NP their buy recommendations )NP (PP after (S (VP seeing (NP (NP Cathay 's )NP interim figures )NP )VP )S )PP )VP )S )SBAR , )NP (VP believe (SBAR (S (NP more *UNK )NP (VP lie (ADVP ahead )ADVP )VP )S )SBAR )VP . )S  STOP
(S (S (NP *UNKC and personnel costs )NP (VP are (VP rising )VP )VP )S , and (S (NP (NP tourism )NP (PP in and through (NP Hong Kong )NP )PP )NP (VP remains (ADJP *UNKED (PP by (NP (NP (NP China 's )NP turmoil )NP (PP since (NP (NP the June 4 killings )NP (PP in (NP Beijing )NP )PP )NP )PP )NP )PP )ADJP )VP )S . )S  STOP
(S (PP In (NP addition )NP )PP , (NP (NP delivery delays )NP (PP for (NP (NP the first two )NP (PP of (NP (NP (NP (QP as many as 28 )QP Boeing *UNK- )NP (SBAR (WHNP that )WHNP (S (NP the carrier )NP (VP has (VP ordered )VP )VP )S )SBAR )NP )NP )PP )NP )PP )NP (VP have (VP raised (NP costs )NP (SBAR because (S (NP personnel )NP (VP had (VP been (VP hired (S (VP to (VP man (NP the planes )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S And (NP (NP tough competition )NP (PP in (NP the *UNK- market )NP )PP )NP (VP is (VP cutting (PP into (NP an important *UNK )NP )PP )VP )VP . )S  STOP
(S (NP There )NP (ADVP also )ADVP (VP is (NP concern (SBAR that (S (SBAR once (S (NP Hong Kong )NP (VP *UNK (PP to (NP (NP China 's )NP *UNK )NP )PP (PP in (NP 1997 )NP )PP )VP )S )SBAR , (NP Cathay )NP (VP will (VP be (VP forced (S (VP to (VP play (NP second *UNK )NP (PP to (NP (NP (NP China 's )NP *UNKED flag carrier )NP , (NP (NP (NP Civil Aviation Administration )NP (PP of (NP China )NP )PP )NP , or (NP *UNKC )NP )NP )NP )PP )VP )VP )S )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(SINV `` (S (NP The sense )NP (VP is (SBAR (S (NP we )NP (VP would (ADVP never )ADVP (VP be (PP in (NP (NP a position )NP )NP )PP (ADVP again )ADVP (SBAR (WHADVP where )WHADVP (S (NP everything )NP (VP works (PP for (NP us )NP )PP (NP (NP the way )NP (SBAR (S (NP it )NP (VP did (ADVP before )ADVP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP Cathay 's )NP commercial director )NP )NP . )SINV  STOP
(S (NP (NP *UNKC Hall )NP , (NP (NP an analyst )NP (PP at (NP James Capel -LRB- Far East -RRB- Ltd. )NP )PP )NP , )NP (VP says (SBAR (S (NP there )NP (VP is n't (NP (NP much )NP (SBAR (S (NP Cathay )NP (VP can (VP do (PP about (NP (NP (NP rising costs )NP (PP for (NP jet fuel )NP )PP )NP , (NP (NP Hong Kong 's )NP tight labor market )NP , or (NP (NP the strengthening )NP (PP of (NP (NP the local currency )NP , (SBAR (WHNP which )WHNP (S (VP is (VP pegged (PP to (NP the U.S. dollar )NP )PP )VP )VP )S )SBAR )NP )PP )NP )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP These factors )NP (VP are (VP further complicated (PP by (NP (NP the airline 's )NP push (S (VP to (VP transform (NP itself )NP (PP from (NP a regional carrier )NP )PP (PP to (NP an international one )NP )PP )VP )VP )S )NP )PP )VP )VP )S , (NP Ms. Hall )NP (VP says )VP . )S  STOP
(S (NP Ms. Hall )NP (VP expects (S (NP (NP Cathay 's )NP profit )NP (VP to (VP grow (NP (NP (QP around 13 )QP % )NP (ADVP annually )ADVP )NP (NP (NP this year )NP and (NP next )NP )NP )VP )VP )S )VP . )S  STOP
(S (PP In (NP 1988 )NP )PP , (NP it )NP (VP earned (NP (NP (QP $ *UNKN billion )QP Hong Kong )NP (PRN -LRB- (NP (QP US$ *UNKN million )QP )NP -RRB- )PRN )NP (PP on (NP (NP revenue )NP (PP of (NP (QP HK$ *UNKN billion )QP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Cathay )NP (VP is (VP taking (NP several steps )NP (S (VP to (VP bolster (NP business )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP One step )NP (VP is (S (VP to (VP beef (PRT up )PRT (NP its fleet )NP )VP )VP )S )VP . )S  STOP
(S (PP In (NP (NP addition )NP (PP to (NP (NP aircraft )NP (PP from (NP Boeing Co. )NP )PP )NP )PP )NP )PP , (NP Cathay )NP (VP announced (NP earlier this year )NP (NP (NP an order )NP (PP for (NP (QP as many as 20 )QP *UNKC *UNKC )NP )PP )NP )VP . )S  STOP
(S (NP (NP The expansion )NP , (SBAR (WHNP which )WHNP (S (VP could (VP cost (NP (QP as much as US$ 5.7 billion )QP )NP (PP over (NP the next eight years )NP )PP )VP )VP )S )SBAR , )NP (VP will (VP expand (NP the fleet )NP (PP to (NP about 43 planes )NP )PP (PP by (NP 1991 )NP )PP , (ADVP up (PP from (NP (NP 30 )NP )NP (PP at (NP (NP the end )NP (PP of (NP last year )NP )PP )NP )PP )PP )ADVP , (PP according (PP to (NP Sun *UNKC *UNKC Securities Ltd )NP )PP )PP )VP )VP . )S  STOP
(S (NP The *UNK- *UNKC planes )NP (VP will (VP be (VP used (ADVP largely )ADVP (S (VP to (VP replace (NP (NP (NP Cathay 's )NP aging fleet )NP (PP of (NP Lockheed *UNKC )NP )PP )NP (PP for (NP regional flights )NP )PP )VP )VP )S , (SBAR while (S (NP the Boeing aircraft )NP (VP will (VP be (VP used (PP on (NP (NP *UNK- routes )NP (PP to (NP (NP Europe )NP and (NP North America )NP )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP Cathay )NP (ADVP also )ADVP (VP is (VP moving (NP (NP some )NP (PP of (NP its *UNK- *UNKING operations )NP )PP )NP (PP outside (NP Hong Kong )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC bidding )NP (PP for (NP young employees )NP )PP (PP in (NP Hong Kong )NP )PP )NP (VP is (VP pushing (PRT up )PRT (NP (NP Cathay 's )NP labor costs )NP (PP by (NP (NP 20 % )NP (NP a year )NP )NP )PP (PP for (NP *UNK- staff )NP )PP , (SBAR while (S (NP experienced , *UNKED employees )NP (VP are (VP leaving (NP the colony )NP (PP as (NP (NP part )NP (PP of (NP the brain drain )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP Some jobs )NP (ADVP already )ADVP (VP have (VP been (VP moved (PP to (NP Australia )NP )PP )VP )VP )VP )S , and (S (NP there )NP (VP are (NP plans (S (VP to (VP place (NP others )NP (PP in (NP Canada )NP )PP )VP )VP )S )NP )VP )S . )S  STOP
(S (NP (NP David Bell )NP , (NP (NP a spokesman )NP (PP for (NP the airline )NP )PP )NP , )NP (VP says (SBAR (S (NP the move )NP (VP is (VP (ADVP partly )ADVP aimed (PP at (S (VP *UNKING (NP (NP existing staff )NP (SBAR (WHNP who )WHNP (S (VP are (VP leaving (S (VP to (VP secure (NP foreign *UNK )NP (PP ahead (PP of (NP 1997 )NP )PP )PP )VP )VP )S )VP )VP )S )SBAR )NP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Cathay )NP (VP is (VP working (S (VP to (VP promote (NP Hong Kong )NP (PP as (NP (NP (NP a *UNK )NP (PP worth (S (VP *UNKING (PP on (NP its own *UNK )NP )PP )VP )S )PP )NP , (PP rather than (NP just a *UNK )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (SBAR Although (S (NP (NP the June 4 killings )NP (PP in (NP Beijing )NP )PP )NP (VP have (VP hurt (NP its China flights )NP )VP )VP )S )SBAR , (NP (NP Cathay 's )NP other routes )NP (VP have (VP retained (NP high load factors )NP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP *UNK (S (VP promoting (NP Hong Kong )NP )VP )S (PP as (NP (NP an important part )NP (PP of (S (VP attracting (NP visitors )NP (PP from (NP (NP (NP Japan )NP , (NP South Korea )NP and (NP Taiwan )NP , )NP (SBAR (WHADVP where )WHADVP (S (NP (NP the number )NP (PP of (NP (NP people )NP (VP looking (S (VP to (VP travel (ADVP abroad )ADVP )VP )VP )S )VP )NP )PP )NP (VP has (VP surged )VP )VP )S )SBAR )NP )PP )VP )S )PP )NP )PP )VP . )S  STOP
(S (NP There )NP (ADVP also )ADVP (VP has (VP been (NP speculation (SBAR that (S (NP Cathay )NP (VP will (VP be (PP among (NP (NP the major private-sector participants )NP (PP in (NP (NP the Hong Kong government 's )NP plans (S (VP to (VP build (NP a new airport )NP )VP )VP , )S )NP )PP )NP )PP (PP with (S (NP the carrier )NP (VP (ADVP possibly )ADVP investing (PP in (NP its own terminal )NP )PP )VP )S )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP Cathay officials )NP (VP decline (S (VP to (VP comment (PP on (NP the speculation )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP sees (NP (NP alliances )NP (PP with (NP (NP other carriers )NP (PRN -- (NP (NP particularly (NP Cathay 's )NP recent link )NP (PP with (NP (NP AMR Corp. 's )NP American Airlines )NP )PP )NP -- )PRN )NP )PP )NP (PP as (NP (NP an important part )NP (PP of (NP (NP Cathay 's )NP strategy )NP )PP )NP )PP )VP . )S  STOP
(S But (NP he )NP (VP *UNK (SBAR that (S (NP Cathay )NP (VP has n't (NP (NP any interest )NP (PP in (S (VP *UNKING (NP equity stakes )NP (PP (PP with (NP the U.S. carrier )NP )PP or (PP with (NP (NP *UNKC )NP , (NP (NP the West German airline )NP (SBAR (WHPP with (WHNP which )WHNP )WHPP (S (NP it )NP (VP has (VP *UNKED (PP for (NP about a decade )NP )PP )VP )VP )S )SBAR )NP )NP )PP )PP )VP )S )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Analysts )NP (VP believe (SBAR (S (NP Cathay )NP (VP is (VP approached (PP for (NP such *UNK )NP )PP (PP by (NP other carriers )NP )PP (PP on (NP a regular basis )NP )PP , (SBAR particularly as (S (NP (NP the popularity )NP (PP of (NP share exchanges )NP )PP )NP (VP has (VP grown (PP among (NP European carriers )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP We )NP (VP think (SBAR (S (NP alliances )NP (VP are (ADJP very important )ADJP )VP )S )SBAR )VP )S , '' (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S `` But (NP we )NP (VP 'd (ADVP rather )ADVP (VP put (NP funds )NP (PP into (NP (NP our own business )NP (CONJP rather than )CONJP (NP someone else 's )NP )NP )PP )VP )VP . )S  STOP
(S (NP I )NP (VP 'm not (ADJP sure (SBAR (S (NP *UNK- )NP (VP would (ADVP necessarily )ADVP (VP make (S (NP things )NP (ADJP *UNK )ADJP )S )VP )VP )S )SBAR )ADJP )VP . '' )S  STOP
(S (PP In (NP (NP a pattern )NP (SBAR (S (NP it )NP (VP aims (S (VP to (VP copy (PP in (NP several key U.S. *UNK )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP , (NP Cathay )NP (ADVP recently )ADVP (VP announced (NP plans (S (VP to (VP serve (NP San Francisco )NP (PP by (S (VP (VP flying (PP into (NP (NP American Airlines ' )NP Los Angeles *UNK )NP )PP )VP and (VP *UNKING (NP continuing passengers )NP (PP onto (NP (NP a flight )NP (PP on (NP the U.S. carrier )NP )PP )NP )PP )VP )VP )S )PP )VP )VP )S )NP )VP . )S  STOP
(S `` (S (S (NP We )NP (VP 'll (ADVP never )ADVP (VP have (NP a big operation )NP (PP in (NP the U.S. )NP )PP )VP )VP )S , and (S (NP they )NP (VP 'll (ADVP never )ADVP (VP have (NP (NP one )NP (ADJP (ADJP as big )ADJP (PP as (NP us )NP )PP )ADJP )NP (PP in (NP the Pacific )NP )PP )VP )VP )S )S , '' (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S `` But (NP this way )NP , (NP American )NP (VP will (VP coordinate (NP (NP good *UNK )NP (PP to (NP (NP Boston )NP , (NP New York )NP , (NP Chicago )NP and (NP Dallas )NP )NP )PP )NP )VP )VP . )S  STOP
(S (NP We )NP (VP 'll (VP coordinate (PP on (NP this end )NP )PP (PP to (NP (NP places )NP (PP like (NP *UNKC , Singapore and Manila )NP )PP )NP )PP )VP )VP . '' )S  STOP
(S (NP (NP Asian traffic )NP , (SBAR (WHNP which )WHNP (S (VP (ADVP currently )ADVP accounts (PP for (NP (NP 65 % )NP (PP of (NP (NP Cathay 's )NP business )NP )PP )NP )PP )VP )S )SBAR , )NP (VP is (VP expected (S (VP to (VP continue (PP as (NP (NP the carrier 's )NP *UNK )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP Cathay )NP (VP has (ADVP long )ADVP (VP stated (NP its desire (S (VP to (VP double (NP (NP its weekly flights )NP (PP into (NP China )NP )PP )NP (PP to (NP 14 )NP )PP )VP )VP )S )NP )VP )VP )S , and (S (NP it )NP (VP is (VP applying (S (VP to (VP *UNK (NP (NP *UNKED flights )NP (PP into (NP Vietnam )NP )PP )NP )VP )VP )S )VP )VP )S . )S  STOP
(SINV (S (NP (NP Further expansion )NP (PP into (NP southern Europe )NP )PP )NP (VP is (ADVP also )ADVP (ADJP possible )ADJP )VP )S , (VP says )VP (NP (NP Mr. Bell )NP , (NP the spokesman )NP )NP . )SINV  STOP
(S (SBAR While (S (NP (NP a large number )NP (PP of (NP Hong Kong companies )NP )PP )NP (VP have (VP *UNKED (ADVP offshore )ADVP (PP ahead of (NP 1997 )NP )PP )VP )VP )S )SBAR , (NP such a move )NP (VP is n't (NP (NP an option )NP (PP for (NP Cathay )NP )PP )NP (SBAR because (S (NP it )NP (VP would (VP *UNK (NP (NP its landing rights )NP (PP in (NP Hong Kong )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S And (NP Mr. *UNKC )NP (VP (ADVP *UNKLY )ADVP rules (PRT out )PRT (NP (NP a move )NP (PP to (NP London )NP )PP )NP )VP )S : `` (S (NP Our *UNK )NP (VP is (NP Hong Kong traffic rights )NP )VP )S . '' )S  STOP
(S (NP He )NP (VP says (SBAR (S (NP the airline )NP (VP is (VP putting (NP its *UNK )NP (PP in (NP (NP the *UNKC agreement )NP (PP on (NP (NP (NP Hong Kong 's )NP return )NP (PP to (NP China )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A special section )NP (VP dealing (PP with (NP aviation rights )NP )PP )VP )NP (VP states (SBAR that (S (NP (NP landing rights )NP (PP for (NP (NP (NP Hong Kong 's )NP airlines )NP , (SBAR (WHNP which )WHNP (S (VP include (NP the smaller Hong Kong *UNKC Airlines )NP )VP )S )SBAR , )NP )PP )NP (VP will (VP continue (S (VP to (VP be (VP negotiated (PP by (NP (NP Hong Kong 's )NP government )NP )PP )VP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP critics )NP (VP *UNK (SBAR that (S (NP *UNK- officials )NP (ADVP ultimately )ADVP (VP will (VP be (ADJP responsible (PP to (NP Beijing )NP )PP )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP My feeling )NP (VP is (SBAR (S -LCB- (NP Cathay )NP (VP does n't -RCB- (VP have (NP a hope )NP (PP in (NP the long run )NP )PP )VP )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP an analyst )NP , (SBAR (WHNP who )WHNP (S (VP declines (S (VP to (VP be (VP identified )VP )VP )VP )S )VP )S )SBAR )NP . )SINV  STOP
(S `` (S (NP Cathay )NP (VP would (VP love (S (VP to (VP keep (S (VP going )VP )S )VP )VP )S )VP )VP )S , but (S (NP the general sense )NP (VP is (SBAR (S (NP they )NP (VP 're (VP going (S (VP to (VP have (S (VP to (VP do (NP something )NP )VP )VP )S )VP )VP )S )VP )VP )S )SBAR )VP )S . '' )S  STOP
(S (S (NP Mr. Eddington )NP (VP acknowledges (SBAR that (S (NP the carrier )NP (VP will (VP have (S (VP to (VP (VP *UNK )VP and (VP *UNK (PP to (NP local changes )NP )PP )VP )VP )VP )S )VP )VP )S )SBAR )VP )S , but (S (NP he )NP (VP feels (SBAR that (S (NP the *UNKC agreement )NP (VP is (NP (NP firm ground )NP (SBAR (S (VP to (VP build (PP on )PP )VP )VP )S )SBAR )NP (PP for (NP the *UNK future )NP )PP )VP )S )SBAR )VP )S . )S  STOP
(S `` (NP We )NP (VP 're (ADJP confident (SBAR that (S (NP it )NP (VP *UNK (NP (NP our route structure )NP , '' (PRN (S (NP he )NP (VP says )VP )S )PRN , `` and (NP our ability (S (VP to (VP grow and *UNK )VP )VP )S )NP )NP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP Falcon Cable Systems Co. )NP (VP said (SBAR (S (NP it )NP (VP proposed (NP (NP an amendment )NP (SBAR (WHNP that )WHNP (S (VP would (VP allow (S (NP it )NP (VP to (VP increase (NP its debt cap )NP (PP to (NP (NP 65 % )NP (PP of (NP (NP the company 's )NP fair market value )NP )PP )NP )PP (PP from (NP (NP the 40 % )NP (VP (ADVP currently )ADVP allowed )VP )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Falcon )NP , (NP a limited partnership )NP , )NP (VP said (SBAR (S (NP it )NP (VP wanted (NP the increase )NP (UCP (SBAR in order (S (VP to (VP continue (NP its (ADJP $ *UNK- )ADJP annual payment )NP )VP )VP )S )SBAR , and (PP for (NP expansion and acquisitions )NP )PP )UCP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A spokesman )NP (PP for (NP the company )NP )PP )NP (VP said (SBAR (S (NP a meeting )NP (VP would (VP be (VP held (SBAR for (S (NP shareholders )NP (VP to (VP vote (PP on (NP the amendment )NP )PP (PP before (NP (NP year 's )NP end )NP )PP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(NP (NP Friday )NP , (NP October 20 , 1989 )NP )NP  STOP
(S (NP (NP The key (UCP U.S. and foreign )UCP annual interest rates )NP (ADVP below )ADVP )NP (VP (VP are (NP (NP a guide )NP (PP to (NP general levels )NP )PP )NP )VP but (VP do n't (ADVP always )ADVP (VP represent (NP actual transactions )NP )VP )VP )VP . )S  STOP
(NP (NP PRIME RATE )NP : (NP (QP 10 1\/2 )QP % )NP . )NP  STOP
(NP (NP The base rate )NP (PP on (NP corporate loans )NP )PP (PP at (NP large U.S. money center commercial banks )NP )PP . )NP  STOP
(NP (NP FEDERAL FUNDS )NP : (NP (NP (NP 8 3\/4 % )NP (ADJP high )ADJP )NP , (NP (NP 8 5\/8 % )NP (ADJP low )ADJP )NP , (NP (NP 8 11\/16 % )NP (PP near (NP closing bid )NP )PP )NP , (NP (NP 8 3\/4 % )NP (VP offered )VP )NP )NP . )NP  STOP
(S (NP Reserves )NP (VP traded (PP among (NP commercial banks )NP )PP (PP for (NP overnight use )NP )PP (PP in (NP (NP amounts )NP (PP of (NP (QP $ 1 million or more )QP )NP )PP )NP )PP )VP . )S  STOP
(NP (NP Source )NP : (NP (NP Fulton Prebon )NP (PRN -LRB- (NP U.S.A . )NP -RRB- )PRN (NP Inc )NP )NP . )NP  STOP
(NP (NP DISCOUNT RATE )NP : (NP 7 % )NP . )NP  STOP
(NP (NP The charge )NP (PP on (NP (NP loans )NP (PP to (NP depository institutions )NP )PP (PP by (NP the New York Federal Reserve Bank )NP )PP )NP )PP . )NP  STOP
(NP (NP CALL MONEY )NP : (NP (QP 9 3\/4 % to 10 % )QP )NP . )NP  STOP
(NP (NP The charge )NP (PP on (NP loans )NP )PP (PP to (NP brokers )NP )PP (PP on (NP stock exchange collateral )NP )PP . )NP  STOP
(NP (NP (NP COMMERCIAL PAPER )NP (VP placed (ADVP directly )ADVP (PP by (NP General Motors Acceptance Corp. )NP )PP )VP )NP : (NP (NP (NP 8.50 % )NP (NP (QP 15 to 44 )QP days )NP )NP ; (NP (NP 8.25 % )NP (NP (QP 45 to 72 )QP days )NP )NP ; (NP (NP 8.375 % )NP (NP (QP 73 to 96 )QP days )NP )NP ; (NP (NP *UNKN % )NP (NP (QP 97 to 119 )QP days )NP )NP ; (NP (NP 8 % )NP (NP (QP 120 to 149 )QP days )NP )NP ; (NP (NP 7.875 % )NP (NP (QP 150 to 179 )QP days )NP )NP ; (NP (NP 7.50 % )NP (NP (QP 180 to 270 )QP days )NP )NP )NP . )NP  STOP
(NP (NP COMMERCIAL PAPER )NP : (NP (NP (NP High-grade unsecured notes )NP (VP sold (PP through (NP dealers )NP )PP (PP by (NP major corporations )NP )PP (PP in (NP (NP multiples )NP (PP of (NP $ 1,000 )NP )PP )NP )PP )VP )NP : (NP (NP (NP 8.55 % )NP (NP 30 days )NP )NP ; (NP (NP 8.45 % )NP (NP 60 days )NP )NP ; (NP (NP 8.40 % )NP (NP 90 days )NP )NP )NP )NP . )NP  STOP
(NP (NP (NP CERTIFICATES )NP (PP OF (NP DEPOSIT )NP )PP )NP : (NP (NP (NP 8.05 % )NP (NP one month )NP )NP ; (NP (NP *UNKN % )NP (NP two months )NP )NP ; (NP (NP 8 % )NP (NP three months )NP )NP ; (NP (NP 7.98 % )NP (NP six months )NP )NP ; (NP (NP *UNKN % )NP (NP one year )NP )NP )NP . )NP  STOP
(NP (NP Average )NP (PP of (NP (NP top rates )NP (VP paid (PP by (NP major New York banks )NP )PP (PP on (NP (NP primary new issues )NP (PP of (NP negotiable C.D.s )NP )PP )NP )PP , (PP usually on (NP (NP amounts )NP (PP of (NP (QP $ 1 million )QP (QP and more )QP )NP )PP )NP )PP )VP )NP )PP . )NP  STOP
(S (NP The minimum unit )NP (VP is (NP $ 100,000 )NP )VP . )S  STOP
(NP (NP (NP Typical rates )NP (PP in (NP the secondary market )NP )PP )NP : (NP (NP (NP 8.55 % )NP (NP one month )NP )NP ; (NP (NP 8.50 % )NP (NP three months )NP )NP ; (NP (NP 8.40 % )NP (NP six months )NP )NP )NP . )NP  STOP
(NP (NP BANKERS ACCEPTANCES )NP : (NP (NP (NP 8.45 % )NP (NP 30 days )NP )NP ; (NP (NP *UNKN % )NP (NP 60 days )NP )NP ; (NP (NP *UNKN % )NP (NP 90 days )NP )NP ; (NP (NP *UNKN % )NP (NP 120 days )NP )NP ; (NP (NP *UNKN % )NP (NP 150 days )NP )NP ; (NP (NP 7.96 % )NP (NP 180 days )NP )NP )NP . )NP  STOP
(NP (NP Negotiable , bank-backed business credit instruments )NP (VP (ADVP typically )ADVP financing (NP an import order )NP )VP . )NP  STOP
(NP (NP LONDON LATE EURODOLLARS )NP : (NP (NP (NP (QP 8 11\/16 % to 8 9\/16 % )QP )NP (NP one month )NP )NP ; (NP (NP (QP 8 11\/16 % to 8 9\/16 % )QP )NP (NP two months )NP )NP ; (NP (NP (QP 8 11\/16 % to 8 9\/16 % )QP )NP (NP three months )NP )NP ; (NP (NP (QP 8 5\/8 % to 8 1\/2 % )QP )NP (NP four months )NP )NP ; (NP (NP (QP 8 9\/16 % to 8 7\/16 % )QP )NP (NP five months )NP )NP ; (NP (NP (QP 8 1\/2 % to 8 3\/8 % )QP )NP (NP six months )NP )NP )NP . )NP  STOP
(NP (NP (NP LONDON INTERBANK OFFERED RATES )NP (PRN -LRB- (NP LIBOR )NP -RRB- )PRN )NP : (NP (NP (NP (QP 8 3\/4 )QP % )NP (NP one month )NP )NP ; (NP (NP (QP 8 11\/16 )QP % )NP (NP three months )NP )NP ; (NP (NP (QP 8 9\/16 )QP % )NP (NP six months )NP )NP ; (NP (NP (QP 8 1\/2 )QP % )NP (NP one year )NP )NP )NP . )NP  STOP
(NP (NP (NP The average )NP (PP of (NP (NP interbank offered rates )NP (PP for (NP (NP dollar deposits )NP (PP in (NP the London market )NP )PP )NP )PP )NP )PP )NP (VP based (PP on (NP (NP quotations )NP (PP at (NP five major banks )NP )PP )NP )PP )VP . )NP  STOP
(NP (NP FOREIGN PRIME RATES )NP : (NP (NP (NP Canada )NP (NP 13.50 % )NP )NP ; (NP (NP Germany )NP (NP 8.50 % )NP )NP ; (NP (NP Japan )NP (NP 4.875 % )NP )NP ; (NP (NP Switzerland )NP (NP 8.50 % )NP )NP ; (NP (NP Britain )NP (NP 15 % )NP )NP )NP . )NP  STOP
(S (S (NP These rate indications )NP (VP are n't (ADJP directly comparable )ADJP )VP )S ; (S (NP lending practices )NP (VP vary (ADVP widely )ADVP (PP by (NP location )NP )PP )VP )S . )S  STOP
(NP (NP TREASURY BILLS )NP : (NP (NP (NP Results )NP (PP of (NP (NP the (NAC Monday , October 16 , 1989 , )NAC auction )NP (PP of (NP (NP short-term U.S. government bills )NP , (VP sold (PP at (NP (NP a discount )NP (PP from (NP face value )NP )PP )NP )PP (PP in (NP (NP units )NP (PP of (NP (QP $ 10,000 to $ 1 million )QP )NP )PP )NP )PP )VP )NP )PP )NP )PP )NP : (NP (NP (NP *UNKN % )NP (NP 13 weeks )NP )NP ; (NP (NP *UNKN % )NP (NP 26 weeks )NP )NP )NP )NP . )NP  STOP
(NP (NP (NP FEDERAL HOME LOAN MORTGAGE CORP . )NP (PRN -LRB- (NP Freddie Mac )NP -RRB- )PRN )NP : (NP (NP (NP Posted yields )NP (PP on (NP 30-year mortgage commitments )NP )PP (PP for (NP (NP delivery )NP (PP within (NP 30 *UNK )NP )PP )NP )PP )NP (NP (NP (NP *UNKN % )NP , (NP standard conventional fixed-rate mortgages )NP )NP ; (NP (NP 7.875 % )NP , (NP (ADJP 2 % )ADJP rate capped one-year adjustable rate mortgages )NP )NP )NP )NP . )NP  STOP
(NP (NP Source )NP : (NP Telerate Systems Inc )NP . )NP  STOP
(NP (NP (NP FEDERAL NATIONAL MORTGAGE ASSOCIATION )NP (PRN -LRB- (NP Fannie Mae )NP -RRB- )PRN )NP : (NP (NP (NP (NP Posted yields )NP (PP on (NP 30 year mortgage commitments )NP )PP (PP for (NP (NP delivery )NP (PP within (NP 30 days )NP )PP )NP )PP )NP (PRN -LRB- (VP priced (PP at (NP par )NP )PP )VP -RRB- )PRN )NP (NP (NP (NP *UNKN % )NP , (NP standard conventional fixed-rate mortgages )NP )NP ; (NP (NP 8.75 % )NP , (NP 6\/2 rate capped one-year adjustable rate mortgages )NP )NP )NP )NP . )NP  STOP
(NP (NP Source )NP : (NP Telerate Systems Inc )NP . )NP  STOP
(NP (NP MERRILL LYNCH READY ASSETS TRUST )NP : (NP *UNKN % )NP . )NP  STOP
(NP (NP (NP Annualized average rate )NP (PP of (NP return )NP )PP (PP after (NP (NP expenses )NP (PP for (NP the past 30 days )NP )PP )NP )PP )NP ; (NP (NP not a forecast )NP (PP of (NP future returns )NP )PP )NP . )NP  STOP
(S (PP In (NP the *UNK- Marina neighborhood )NP )PP , (NP (NP life )NP (PP after (NP the earthquake )NP )PP )NP (VP is (ADJP (ADJP often (ADVP all too )ADVP real )ADJP , but (ADJP sometimes *UNK )ADJP )ADJP )VP . )S  STOP
(FRAG (NP (NP Some scenes )NP : -- (S (NP Saturday morning )NP , (NP a *UNK )NP (VP was (VP given (NP 15 minutes )NP (S (VP to (VP (VP *UNK (PP into (NP a sagging building )NP )PP )VP and (VP *UNK (SBAR (WHNP what )WHNP (S (NP she )NP (VP could (PP of (NP (NP her life 's )NP *UNK )NP )PP )VP )S )SBAR )VP )VP )VP )S )VP )VP )S . )NP )FRAG  STOP
(S (NP Saturday night )NP (NP she )NP (VP *UNKED (PP in (NP an emergency *UNK )NP )PP (PP on (NP (NP *UNK *UNK )NP (VP prepared (PP by (NP (NP *UNK )NP (PP from (NP (NP one )NP (PP of (NP (NP the city 's )NP *UNK- restaurants )NP )PP )NP )PP )NP )PP )VP )NP )PP )VP . )S  STOP
(S -- (NP Mayor Art Agnos )NP (VP stands (PP in (NP (NP the *UNK )NP (PP of (NP television lights )NP )PP )NP )PP (S (VP trying (S (VP to (VP explain (PP for (NP the *UNK time )NP )PP (SBAR (WHADVP why )WHADVP (S (NP the city )NP (VP is (ADVP severely )ADVP (VP *UNKING (NP (NP access )NP (PP to (NP badly damaged structures )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )VP )S )VP . )S  STOP
(S (NP (NP A couple )NP (PP in (NP fashionable *UNK *UNK- suits )NP )PP )NP (VP *UNK (ADVP by )ADVP , (S (NP *UNK )NP (ADVP *UNKLY )ADVP (PP in (NP place )NP )PP )S , (S (VP *UNKING (NP their way )NP (PP along (NP (NP a street )NP (PP of (NP *UNKED and fallen houses )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (PP At (NP a nearby corner )NP )PP , (NP they )NP (VP *UNK (ADVP *UNKLY close (PP to (NP a listing apartment house )NP )PP )ADVP , (S (ADJP *UNK (PP to (NP any danger )NP )PP )ADJP )S )VP . )S  STOP
(S (NP A *UNK )NP (VP *UNK (NP his head )NP (PP in (NP *UNK )NP )PP (SBAR as (S (NP he )NP (VP *UNK (NP them )NP (ADVP away )ADVP )VP )S )SBAR )VP . )S  STOP
(S -- (NP (NP A young woman )NP (SBAR (WHNP who )WHNP (S (VP has (VP been (PP out (PP of (NP town )NP )PP )PP )VP )VP )S )SBAR )NP (VP shows (PRT up )PRT (PP at (NP the Marina Middle School )NP )PP (S (VP to (VP learn (SBAR that (S (NP her apartment )NP (VP is (PP on (NP the *UNKED list )NP )PP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP She )NP (VP is (VP told (SBAR (S (NP she )NP (VP ca n't (VP enter (SBAR unless (S (NP she )NP (VP is (VP accompanied (PP by (NP an *UNK )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP She )NP (VP (VP *UNK (PP into (NP *UNK )NP )PP )VP and (VP *UNK (ADVP away )ADVP )VP )VP . )S  STOP
(S (ADVP *UNKC )ADVP , (NP (NP five temporary residents )NP (PP of (NP the school *UNK )NP )PP )NP (VP sit (PP on (NP *UNK )NP )PP , (S (VP having (NP their *UNK and backs )NP (VP *UNKED (PP by (NP *UNK *UNK )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The Marina rescue center )NP (VP offered (NP (NP a very San *UNKC response )NP (PP to (NP the disaster )NP )PP )NP )VP . )S  STOP
(S (PP In (NP (NP addition )NP (PP to (NP free *UNK )NP )PP )NP )PP , (NP there )NP (VP was (NP (NP free *UNKING )NP , (NP phone calls )NP and (NP (NP a free shuttle bus )NP (PP to (NP (NP a health club )NP , (SBAR (WHNP which )WHNP (S (VP offered (PRT up )PRT (NP (NP its *UNK )NP , (NP *UNK )NP and (NP hot *UNK )NP )NP )VP )S )SBAR )NP )PP )NP )NP )VP . )S  STOP
(S (NP The *UNK )NP (VP (VP offered (NP donated *UNK and *UNK )NP (PP for (NP breakfast )NP )PP )VP , and (VP (PP for (NP dinner )NP )PP , (NP (NP (NP *UNK *UNK )NP and (NP *UNK *UNK *UNK )NP )NP (PP along (PP with (NP the *UNK )NP )PP )PP )NP )VP )VP . )S  STOP
(SINV `` (S (NP This )NP (VP has (VP been (NP a *UNK- earthquake )NP (PP for (NP me )NP )PP )VP )VP )S , '' (VP said )VP (NP (NP *UNK )NP (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP works (PP in (NP (NP an *UNK 's )NP office )NP )PP )VP )S )SBAR )NP )NP . )SINV  STOP
(S (NP (NP She )NP and (NP some friends )NP )NP (VP are (VP considering (S (VP offering (NP earthquake victims )NP (NP (NP free *UNK classes )NP and (NP (NP `` *UNK therapy '' )NP -- (NP (NP *UNK )NP (PP with (NP *UNKED *UNK )NP )PP )NP )NP )NP )VP )S )VP )VP . )S  STOP
(S (NP She )NP (VP finds (S (NP (NP the response )NP (PP of (NP (NP Marina residents )NP (PRN -- (NP (NP primarily *UNK )NP and (NP elderly people )NP )NP -- )PRN )NP )PP (PP to (NP (NP the *UNK )NP (PP of (NP their homes )NP )PP )NP )PP )NP `` (ADJP *UNK )ADJP )S )VP . )S  STOP
(S (NP People )NP (VP have (VP been (ADJP very *UNK (PP of (NP each other )NP )PP )ADJP )VP )VP . )S  STOP
(S (NP I )NP (VP do n't (VP know (SBAR if (S (NP this )NP (VP would (VP have (VP happened (NP somewhere else )NP )VP )VP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (PP Out (PP on (NP the streets )NP )PP )PP , (NP (NP some residents )NP (PP of (NP badly damaged buildings )NP )PP )NP (VP were (VP allowed (NP (NP a *UNK- *UNK *UNK )NP (PP through (NP their *UNK )NP )PP )NP )VP )VP . )S  STOP
(SINV (S `` (NP (NP It )NP )NP (VP 's (ADJP so *UNK )ADJP (S (VP to (VP have (S (VP to (VP decide (SBAR (WHNP what )WHNP (S (VP 's (ADJP really important (PP to (NP you )NP )PP )ADJP )VP )S )SBAR )VP )VP )S )VP )VP )S )VP , '' )S (VP said )VP (NP Barbara May )NP . )SINV  STOP
(S (NP She )NP (VP went (ADVP first )ADVP (PP for (NP personal *UNK )NP )PP )VP . )S  STOP
(S (PP In (NP *UNK- *UNK )NP )PP , (NP her building )NP (VP is (NP a `` red )NP )VP . '' )S  STOP
(S (PP After (S (VP being (VP *UNKED )VP )VP )S )PP , (NP (NP buildings )NP (PP with (NP substantial damage )NP )PP )NP (VP were (VP *UNKED )VP )VP . )S  STOP
(S (S (NP Green )NP (VP allowed (S (NP residents )NP (VP to (VP *UNK- )VP )VP )S )VP )S ; (S (NP *UNK )NP (VP allowed (NP limited access )NP )VP )S ; (S (NP red )NP (VP allowed (S (NP residents )NP (NP one last entry )NP (S (VP to (VP *UNK (NP (NP everything )NP (SBAR (S (NP they )NP (VP could (PP within (NP 15 minutes )NP )PP )VP )S )SBAR )NP )VP )VP )S )S )VP )S . )S  STOP
(S (NP *UNKC and *UNK )NP (VP went (PP about (NP their business )NP )PP (PP with (NP (NP a kind )NP (PP of (NP measured *UNK )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP Some )NP (ADVP *UNKLY )ADVP (VP dumped (NP *UNK )NP (PP into (NP *UNK )NP )PP )VP )S , (S (NP others )NP (VP threw (NP goods )NP (PP out (NP windows )NP )PP )VP )S . )S  STOP
(S (NP It )NP (VP did n't (VP help (SBAR that (S (PP on (NP Saturday )NP )PP , (PP after (NP (NP three days )NP (PP of (NP *UNK )NP )PP )NP )PP , (NP it )NP (VP *UNKED )VP )S )SBAR )VP )VP . )S  STOP
(SINV `` (S (NP The guys )NP (VP are (VP going (PP for (NP (NP their *UNK )NP , (NP their *UNK )NP , (NP their personal computers )NP )NP )PP )VP )VP )S , '' (VP said )VP (NP (NP Frank *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP helped (S (NP others )NP (VP empty (NP their apartments )NP )VP )S )VP )S )SBAR )NP . )SINV  STOP
(S `` (NP The women )NP (VP wanted (NP (NP *UNK *UNK )NP , (NP a certain *UNK )NP , (NP (ADJP (ADVP kind of )ADVP *UNK )ADJP things )NP )NP )VP . '' )S  STOP
(S (NP He )NP (VP showed (NP (NP an *UNK , *UNKING *UNK watch )NP (SBAR (WHNP that )WHNP (S (NP he )NP (VP *UNKED (PP for (NP one woman )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP It )NP (VP *UNKED (PP to (NP her *UNK )NP )PP )VP . )S  STOP
(S (NP Some residents )NP (VP (VP *UNKED (NP orders )NP )VP and (VP returned (PP to (NP `` red '' buildings )NP )PP (S (VP to (VP *UNK (NP goods )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP One building )NP (VP was (VP *UNKED (PP to (NP red status )NP )PP (SBAR while (S (NP people )NP (VP were (VP taking (NP things )NP (PRT out )PRT )VP )VP )S )SBAR )VP )VP )S , and (S (NP (NP a *UNK )NP (SBAR (WHNP who )WHNP (S (VP was n't (VP allowed (S (VP to (VP go (ADVP back inside )ADVP )VP )VP )S )VP )VP )S )SBAR )NP (VP called (PP up (NP the *UNK )NP )PP (PP to (NP his *UNK )NP )PP , (S (VP telling (NP her )NP (S (VP to (VP keep (S (VP sending (NP things )NP (PP down (PP to (NP the lobby )NP )PP )PP )VP )S )VP )VP )S )VP )S )VP )S . )S  STOP
(S (S (NP A *UNK )NP (VP had (S (VP to (VP be (VP called (ADVP in )ADVP (S (VP to (VP make (S (NP her )NP (VP leave )VP )S )VP )VP )S )VP )VP )VP )S )VP )S ; (S (NP the *UNK )NP (VP helped (S (VP carry (PRT out )PRT (NP one last load )NP )VP )S )VP )S . )S  STOP
(S (S (NP (NP *UNKC )NP (PP of (NP *UNK- rules )NP )PP )NP (VP was (ADJP *UNK )ADJP )VP )S , (NP residents )NP (VP said )VP . )S  STOP
(S (NP (NP One man )NP (VP trying (S (VP to (VP remove (NP his car )NP )VP )VP )S )VP )NP (VP was (VP told (PP by (NP officials )NP )PP (S (VP to (VP get (ADVP out (PP of (NP his *UNK )NP )PP )ADVP )VP )VP )S )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP he )NP (VP *UNKED (ADVP back )ADVP (ADVP later )ADVP (S (VP to (VP try (ADVP again )ADVP )VP )VP )S )VP )S )SBAR , (NP a different *UNK )NP (VP offered (S (VP to (VP help (S (NP him )NP (VP get (NP the car )NP (PP out )PP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP The Marina )NP (ADVP also )ADVP (VP has (VP become (NP (NP the *UNK point )NP (PP of (NP city efforts (S (VP to (VP *UNK (NP residents )NP (PP with (NP (NP any *UNK )NP (SBAR (WHNP that )WHNP (S (VP may (VP have (VP (VP fled )VP or (VP become (VP lost )VP )VP (PP during (NP the earthquake )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )VP )S )NP )PP )NP )VP )VP . )S  STOP
(S (PP On (NP (NP *UNK )NP (PP along (NP (NP *UNKC Street )NP , (NP a major Marina artery )NP , )NP )PP )NP )PP (NP *UNK )NP (VP were (VP offering (NP (NP a (ADJP $ 100 )ADJP reward )NP (PP for (NP (NP a *UNK )NP (VP lost (PP during (NP the quake )NP )PP )VP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP The San Francisco Society )NP (PP for (NP (NP the *UNKC )NP (PP of (NP (NP *UNKC )NP (PP to (NP *UNKC )NP )PP )NP )PP )NP )PP )NP (ADVP also )ADVP (VP has (VP been (VP providing (NP (NP medical care )NP , (NP food )NP , (NP water )NP and (NP *UNK homes )NP )NP (PP for (NP *UNKED animals )NP )PP )VP )VP )VP . )S  STOP
(S (NP The *UNKC )NP (VP says (SBAR (S (NP it )NP (VP has (VP received (NP (NP (QP more than 100 )QP requests )NP (PP for (NP *UNK homes )NP )PP )NP (PP on (NP (NP behalf )NP (PP of (NP *UNK and *UNK )NP )PP )NP )PP )VP )VP , (SBAR though (S (NP some people )NP (VP have (VP sought (NP temporary homes )NP (PP for (NP *UNK and fish )NP )PP )VP )VP )S )SBAR )S )SBAR )VP . )S  STOP
(S (PP For (NP example )NP )PP , (NP (NP one *UNK owner )NP (VP returning (NP home )NP )VP )NP (VP found (SBAR that (S (NP (NP her apartment )NP , (PP like (NP (NP many others )NP (PP in (NP the Marina )NP )PP )NP )PP , )NP (VP did n't (VP have (NP heat )NP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (S (NP She )NP (VP can (VP stay (ADVP there )ADVP (PP with (NP no heat )NP )PP )VP )VP )S , but (S (PP for (NP a *UNK )NP )PP , (NP that )NP (VP can (VP be (ADJP *UNKLY )ADJP )VP )VP )S )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP *UNK services manager )NP (PP for (NP the *UNKC )NP )PP )NP )NP . )SINV  STOP
(S (NP A warm foster home )NP (VP has (VP been (VP found )VP )VP )VP . )S  STOP
(S (NP (NP The neighborhood )NP (PP around (NP (NP (NP Alexander *UNKC Co. 's )NP *UNKC *UNKING Center )NP (PP in (NP (NP the *UNKC section )NP (PP of (NP Los Angeles )NP )PP )NP )PP )NP )PP )NP (VP (VP *UNK (NP (NP the *UNK- , deteriorating *UNK )NP (PP of (NP many inner cities )NP )PP )NP )VP and (VP (ADVP certainly )ADVP is n't (NP (NP the sort )NP (PP of (NP area )NP )PP (SBAR (S (NP one )NP (VP would (VP choose (S (VP to (VP visit )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S But (S (VP turn (PP into (NP (NP the shopping center 's )NP parking lot )NP )PP )VP )S , and (S (NP one )NP (VP could (VP be (PP in (NP (NP the safe , busy *UNK )NP (PP of (NP a *UNK suburb )NP )PP )NP )PP )VP )VP )S . )S  STOP
(S (ADVP Only )ADVP (NP it )NP (VP is (ADJP safer , and *UNK )ADJP )VP . )S  STOP
(S (PP Over (NP the past year )NP )PP (NP there )NP (VP have (VP been (NP (NP only one *UNK )NP , (NP (NP three *UNK )NP (PP of or from (NP *UNK )NP )PP )NP , (NP no *UNK- )NP , and (NP one attempted *UNK )NP )NP (PP in (NP (NP the *UNK )NP , (SBAR (WHNP which )WHNP (S (VP opened (PP in (NP late 1981 )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP A shopping center )NP (PP of (NP similar size )NP )PP (PP in (NP an affluent Los Angeles suburb )NP )PP )NP (VP would , (PP per (NP year )NP )PP , (VP be (VP expected (S (VP to (VP have (NP (NP eight *UNK )NP , (NP (NP 70 *UNK )NP (PP of or from (NP *UNK )NP )PP )NP , and (NP four *UNK )NP )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (S (NP The *UNKC *UNK )NP (VP has (NP (NP annual sales )NP (PP of (NP (NP (QP more than $ 350 )QP )NP (PP per (NP *UNK square foot )NP )PP )NP )PP )NP )VP )S ; (S (NP (NP the figure )NP (PP for (NP a comparable suburban shopping center )NP )PP )NP (VP would (VP be (NP $ 200 )NP )VP )VP )S . )S  STOP
(S (NP (NP Three other *UNKC shopping centers )NP (PP in (NP the *UNKC area )NP )PP )NP (VP are (VP doing (ADVP almost as well )ADVP )VP )VP . )S  STOP
(S (NP (NP A successful *UNK- *UNK )NP (PP in (NP a *UNK- area )NP )PP )NP (VP *UNK (NP (NP the more typical *UNK- pattern )NP , (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP commercial areas )NP (VP are (VP taken (PRT over )PRT (PP by (NP (NP *UNKLY youth )NP , (NP *UNK )NP , and (NP the criminal element )NP )NP )PP , (PP with (NP (NP an erosion )NP (PP of (NP (NP the customer base )NP , (NP development capital )NP , and (NP *UNK )NP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Major (ADJP regional and national )ADJP chain stores )NP (VP are (VP replaced (PP by (NP (NP *UNK- operations )NP (VP offering (NP *UNK- merchandise )NP (PP at (NP higher prices )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(SINV (PP Along (PP with (NP (NP the exodus )NP (PP of (NP shopping opportunities )NP )PP )NP )PP )PP (VP is )VP (NP (NP an exodus )NP (PP of (NP (NP the jobs )NP (SBAR (WHNP that )WHNP (S (NP the major chains )NP (VP used (S (VP to (VP provide (PP to (NP community residents )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )NP . )SINV  STOP
(S (ADVP Thus )ADVP (NP there )NP (VP is (ADJP (ADJP even more (PP to (NP the *UNKC Center )NP )PP )ADJP (PP than (NP (NP a good place )NP (PP to (NP shop )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (NP This *UNK commercial *UNK )NP (VP becomes , (PP for (NP the residents )NP )PP , (NP (NP (NP a secure *UNK )NP (PP in (NP a *UNK urban landscape )NP )PP )NP , (NP evidence (SBAR (SBAR that (S (NP community *UNK )NP (VP is (ADJP not inevitable )ADJP )VP )S )SBAR and (SBAR that (S (NP the *UNK )NP (VP are (ADJP not *UNK )ADJP )VP )S )SBAR )SBAR )NP )NP )VP . )S  STOP
(S (NP The center )NP (VP (VP improves (NP the community image )NP (PP to (NP outsiders )NP )PP (ADVP as well )ADVP )VP , and (VP may (VP help (S (VP to (VP (VP arrest )VP , or (VP (ADVP even )ADVP reverse )VP , (NP (NP the exodus )NP (PP of (NP capital and investment )NP )PP )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP An additional benefit )NP (VP is (NP (NP the creation )NP (PP of (NP jobs )NP )PP )NP )VP . )S  STOP
(S (NP This )NP (VP starts (PP in (NP the construction phase )NP )PP (PP through (NP (NP the use )NP (PP of (NP (NP minority contractors )NP and (NP local workers )NP )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP It )NP (VP continues (PP through (NP (NP the life )NP (PP of (NP the center )NP )PP )NP )PP )VP )S ; (S (NP the *UNKC Center )NP (VP has (VP created (NP 500 permanent private-sector jobs )NP (PP at (NP a one-time cost )NP )PP (PP in (NP (NP public funds )NP (PP of (NP (NP (QP only $ *UNKN )QP )NP (PP per (NP job )NP )PP )NP )PP )NP )PP )VP )VP )S . )S  STOP
(S (SBAR As (S (NP (NP many )NP (PP of (NP these jobs )NP )PP )NP (VP are (VP filled (PP by (NP (NP local residents )NP , (SBAR (WHNP who )WHNP (S (VP move (PP from (NP the welfare rolls )NP )PP (PP to (NP the tax rolls )NP )PP )VP )S )SBAR , )NP )PP )VP )VP )S )SBAR (NP the (ADJP $ *UNK- )ADJP public investment )NP (VP should (VP repay (NP itself )NP (PP in (NP a few years )NP )PP )VP )VP . )S  STOP
(S And (NP that )NP (VP is (PP before (NP (NP consideration )NP (PP of (NP (NP increased (UCP state and local )UCP revenues )NP (PP from (NP (NP taxes and fees )NP (PP on (NP (NP sales )NP , (NP real estate )NP , (NP licenses )NP and (NP the like )NP )NP )PP )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP are (ADVP also )ADVP (VP *UNKED (ADVP back )ADVP (PP into (NP the community )NP )PP )VP )VP )S ; (S (NP the *UNK- *UNKC Economic Development Corp. )NP (VP (VP receives (NP (NP 60 % )NP (PP of (NP (NP the profits )NP (PP from (NP the *UNKC Center )NP )PP )NP )PP )NP )VP and (VP uses (NP the money )NP (S (VP to (VP provide (NP (NP (NP moderate and low-cost housing )NP (PP in (NP the community )NP )PP (PRN -- (VP (ADVP now )ADVP running (PP into (NP (NP the hundreds )NP (PP of (NP units )NP )PP )NP )PP )VP -- )PRN )NP (CONJP as well as )CONJP (NP commercial and industrial development projects )NP )NP )VP )VP )S )VP )VP )S . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP director )NP (PP of (NP (NP the mayor 's )NP City Economic Development Office )NP )PP )NP , )NP (VP says : `` (S (NP There )NP (VP is (NP no question (SBAR that (S (NP Vermont-Slauson )NP (VP had (NP a *UNK effect )NP (PP on (NP the surrounding neighborhood )NP )PP )VP )S )SBAR )NP )VP )S )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (VP had (VP been (NP (NP a *UNKED area )NP (PP with (NP (NP nothing )NP (PP but (NP (NP *UNK shops )NP and (NP *UNK shops )NP )NP )PP )NP )PP )NP )VP )VP )S )SBAR (VP is (ADVP now )ADVP (VP experiencing (NP (NP a major *UNKING )NP (PP in (NP the (UCP housing and commercial )UCP stock )NP )PP )NP , (NP (NP thanks )NP (PP to (NP (NP a (ADJP *UNKLY *UNKED )ADJP source )NP (PP of (NP *UNK capital )NP )PP (SBAR (WHNP that )WHNP (S (NP Vermont-Slauson )NP (VP yields )VP )S )SBAR )NP )PP )NP )VP )VP . '' )S  STOP
(S (NP Another benefit )NP (VP is (SBAR that (S (NP (NP substantial *UNK )NP (PP of (NP (NP the *UNK )NP (PP in (NP these centers )NP )PP )NP )PP )NP (VP are (NP minority businessmen and women )NP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP the Grand *UNKC *UNKC )NP (VP developed (PP by (NP (NP *UNKC Realty Group )NP (PP (PP in (NP (NP Chicago 's )NP Third *UNKC )NP )PP , (PP opposite (NP the Robert Taylor *UNKC )NP )PP , )PP )NP )PP )VP )NP )PP (NP (NP 29 % )NP (PP of (NP the stores )NP )PP )NP (PP to (NP date )NP )PP (VP have (VP been (VP leased (PP to (NP blacks )NP )PP )VP )VP )VP and (S (NP 14 % )NP (PP to (NP (NP members )NP (PP of (NP other minority groups )NP )PP )NP )PP )S . )S  STOP
(S (NP (NP *UNKC )NP (PP from (NP the community )NP )PP )NP (VP will (VP have (NP (NP *UNK role models )NP (PP than (NP the drug *UNK )NP )PP )NP )VP )VP . )S  STOP
(SBAR (ADVP So )ADVP (WHNP what )WHNP (SQ (VP 's (NP the catch )NP )VP )SQ ? )SBAR  STOP
(FRAG (SBAR (ADVP *UNKLY )ADVP that (S (NP (S (VP putting (NP (NP one )NP (PP of (NP these *UNK- deals )NP )PP )NP (ADVP together )ADVP )VP )S )NP (VP takes (NP (NP (NP time )NP , (NP *UNK )NP , (NP (NP *UNK )NP (PP of (NP vision )NP )PP )NP and (NP negotiating skills )NP )NP (SBAR (WHNP that )WHNP (S (NP not all developers )NP (VP *UNK )VP )S )SBAR )NP )VP )S )SBAR . )FRAG  STOP
(S (NP Security costs )NP (VP are (ADVP also )ADVP (ADJP quite high )ADJP )VP . )S  STOP
(S (NP (NP One )NP (PP of (NP these centers )NP )PP )NP (VP can (VP involve (NP (NP years )NP (PP of (S (VP negotiating (PP (PP with (NP (NP numerous public agencies )NP , (NP local political leaders )NP , and (NP *UNK groups )NP )NP )PP , and (PP with (NP (NP prospective *UNK )NP and (NP (NP sources )NP (PP of (NP financing )NP )PP )NP )NP )PP )PP )VP )S )PP )NP )VP )VP . )S  STOP
(S (S (NP *UNKC deals )NP (VP are not (PP without (NP their delays and *UNK )NP )PP )VP )S -- (S (NP *UNK- deals )NP (ADVP just )ADVP (VP have (NP (NP more )NP (PP of (NP them )NP )PP )NP )VP )S . )S  STOP
(S (NP (NP Security )NP (PP at (NP a typical *UNKC *UNK- center )NP )PP )NP (VP is (ADJP impressive , but *UNK )ADJP )VP . )S  STOP
(S (NP The entire site )NP (VP is (VP *UNKED (PP by (NP (NP a *UNK- *UNK iron *UNK )NP (PP with (NP (NP a small number )NP (PP of (NP *UNKED *UNK )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC and *UNK )NP (VP give (NP it )NP (NP a (ADJP *UNKING and *UNK- )ADJP appearance )NP )VP . )S  STOP
(S (S (NP (NP *UNKED motion *UNK )NP and (NP *UNK- TV *UNK )NP )NP (VP monitor (NP the entire center )NP )VP )S ; (S (NP *UNKING levels )NP (VP are (NP (QP three to five times )QP the industry standard )NP )VP )S . )S  STOP
(S (NP (NP The security command post )NP , (VP *UNKED (PP as (NP *UNK- retail space )NP )PP )VP , )NP (VP has (NP (NP its own `` (NP *UNK 's )NP *UNK '' )NP (PP above (NP (NP the *UNK )NP (PP of (NP the other buildings )NP )PP )NP )PP , (PP with (NP (NP a *UNK view )NP (PP of (NP the entire center )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC law enforcement )NP (VP is (ADJP present (PP in (NP (NP a *UNK- *UNKING space )NP (VP donated (PP by (NP the center )NP )PP )VP )NP )PP )ADJP )VP . )S  STOP
(S (NP These features )NP (VP are (ADVP also )ADVP (VP used (PP in (NP (NP *UNKC Realty Group 's )NP Grand *UNKC *UNKC )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP has (NP (NP its own large security force )NP (PP of (NP *UNKED and *UNK- personnel )NP )PP )NP (PP on (NP *UNK- duty )NP )PP (PP at (NP each center )NP )PP )VP . )S  STOP
(S (NP Security )NP (VP is (NP (NP (QP 60 % to 70 % )QP )NP (PP of (NP (NP the common area charges )NP (PP of (NP these centers )NP )PP )NP )PP , (PP vs. (NP (NP an industry average )NP (PP of (NP (QP about 15 )QP % )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP These security costs )NP (VP are (VP kept (S (ADJP *UNK- )ADJP )S (SBAR because (S (NP (NP the centers ' )NP site acquisition , construction , and financing costs )NP (VP were (VP reduced (PP by (NP (NP such programs )NP (PP as (NP (NP Urban Development *UNKC *UNKC )NP , (NP Economic Development Administration *UNKC )NP , (NP Community Development Block *UNKC )NP , (NP tax-free Industrial Development Bonds )NP , (NP *UNKC *UNKC tax *UNK- )NP , (NP city infrastructure grants )NP , and (NP tax *UNK financing )NP )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Many )NP (PP of (NP these programs )NP )PP )NP (VP (VP (ADVP no longer )ADVP exist )VP , or (VP have (VP been (ADVP severely )ADVP (VP cut (PRT back )PRT )VP )VP )VP )VP . )S  STOP
(S (ADVP However )ADVP , (SBAR since (S (NP these centers )NP (VP appear (S (VP to (VP pay (PP for (NP themselves )NP )PP )VP )VP )S )VP )S )SBAR , (NP there )NP (VP is (NP nothing (S (VP to (VP prevent (NP (UCP state and local )UCP governments )NP (PP from (S (VP *UNKING (NP (NP legislation )NP (PP with (NP similar provisions )NP )PP )NP )VP )S )PP )VP )VP )S )NP )VP . )S  STOP
(S (NP Many states )NP (ADVP already )ADVP (VP have (NP (NP *UNKC *UNKC )NP and (NP (NP legislation )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP (NP tax incentives )NP , (NP loans )NP , and (NP grants )NP )NP (S (VP to (VP encourage (NP (NP investment )NP (PP in (NP depressed areas )NP )PP )NP (PP with (NP (NP requirements )NP (PP for (NP (NP the hiring )NP (PP of (NP (NP the *UNKED )NP and (NP minorities )NP )NP )PP )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (NP These programs )NP (VP could (VP be (VP expanded (S (VP to (VP focus (PP on (NP (NP (NP funds )NP (PP (PP for (NP project planning )NP )PP )PP )NP , (S (VP *UNKING (NP (NP sources )NP (PP of (NP funds )NP )PP )NP )VP )S , and (PP for (S (VP (VP acquiring (NP a site )NP )VP and (VP preparing (NP it )NP )VP )VP )S )PP )NP )PP )VP )VP )S )VP )VP )VP . )S  STOP
(S (S (VP *UNKING (NP (NP crime )NP and (NP (NP the fear )NP (PP of (NP it )NP )PP )NP )NP (PP in (NP (ADJP inner-city commercial )ADJP areas )NP )PP )VP )S (VP should (VP give (NP *UNKC *UNKC )NP (NP (NP more success )NP (SBAR than (S (NP most )NP (VP have (VP enjoyed (PP to (NP date )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (SBAR With (S (NP many suburban areas )NP (ADJP basically *UNK (PP with (NP shopping centers )NP )PP )ADJP )S )SBAR , (NP inner-city areas )NP (VP may (VP represent (NP (NP a major new *UNKED market )NP (PP for (NP investment )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP New approaches )NP (PP to (NP mall design and operation )NP )PP )NP (VP make (S (NP (NP it )NP )NP (ADJP possible )ADJP (S (VP to (VP tap (NP these markets )NP )VP )VP )S )S )VP . )S  STOP
(S (SBAR If (S (NP the risks and rewards )NP (VP are (ADJP reasonable )ADJP )VP )S )SBAR , (NP developers )NP (VP will (VP respond )VP )VP . )S  STOP
(S (NP (NP Government officials )NP (SBAR (WHNP who )WHNP (S (VP wonder (SBAR (WHADJP how important )WHADJP (S (NP (NP it )NP )NP (VP is (SBAR for (S (NP them )NP (VP to (VP encourage (NP (NP development )NP (PP in (NP high-risk areas )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )NP (VP should (VP (VP visit (NP (NP Vermont-Slauson )NP and (NP Grand *UNKC *UNKC )NP )NP )VP and (VP decide (PP for (NP themselves )NP )PP )VP )VP )VP . )S  STOP
(S (NP The answer )NP (VP will (VP be (ADJP obvious )ADJP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (NP (NP a researcher )NP (PP at (NP (NP (NP the Justice Department 's )NP National Institute )NP (PP of (NP Justice )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC *UNKC Inc. )NP (VP said (SBAR that (S (PP on (NP Dec. 21 )NP )PP (NP it )NP (VP will (VP redeem (NP (NP (ADJP (QP $ 10 million )QP )ADJP face amount )NP (PP of (NP (NP its (QP $ *UNKN million )QP )NP (PP of (NP (NP (NP (ADJP *UNKN % )ADJP subordinated notes )NP (ADJP outstanding )ADJP )NP , (ADJP due (NP June 1 , 1991 )NP )ADJP )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP (NP each $ 1,000 )NP (PP of (NP notes )NP )PP )NP )PP , (NP (NP the maker )NP (PP of (NP (NP specialty metals )NP , (NP industrial *UNK )NP and (NP consumer products )NP )NP )PP )NP (VP will (VP pay (NP (NP $ *UNKN )NP (PP plus (NP (NP $ *UNKN )NP (PP of (NP (NP interest )NP (VP accrued (PP from (NP Dec. 1 )NP )PP )VP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP The company )NP (VP will (VP *UNK (NP (NP holders )NP (PP of (NP (NP the notes )NP (SBAR (S (VP to (VP be (VP redeemed )VP )VP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP Manufacturers Hanover Trust Co. )NP (VP is (NP redemption agent )NP )VP . )S  STOP
(S (S (NP One company )NP (ADVP recently )ADVP (VP was (VP listed (PP on (NP the New York Stock Exchange )NP )PP )VP )VP )S , and (S (NP another )NP (VP will (VP join (NP the Big Board )NP (PP from (NP the over-the-counter market )NP )PP (NP this week )NP )VP )VP )S . )S  STOP
(S (NP (NP *UNKC Investment *UNKC Municipal Trust )NP , (NP Boston )NP , )NP (VP was (VP listed (PP with (NP (NP the symbol )NP (NP *UNKC )NP )NP )PP )VP )VP . )S  STOP
(S (NP The new closed-end management investment company )NP (VP trades (NP (NP shares )NP (PP of (NP beneficial interest )NP )PP )NP )VP . )S  STOP
(S (NP It )NP (VP *UNK (ADVP primarily )ADVP (PP in (NP tax-exempt municipal securities )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC Corp. )NP , (NP a New Orleans bank holding company )NP , )NP (VP will (VP join (NP the Big Board Thursday )NP (PP under (NP *UNKC )NP )PP )VP )VP . )S  STOP
(S (NP Three companies )NP (VP began (S (VP trading (PP over (NP the counter )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC Corp. )NP , (NP (NP a (NAC *UNKC , Colo. , )NAC maker )NP (PP of (NP (NP *UNK- tape *UNK systems )NP (VP used (S (VP to (VP back (PRT up )PRT (NP computer disk drives )NP )VP )VP )S )VP )NP )PP )NP , )NP (VP started (NP OTC trading )NP (PP with (NP the symbol *UNKC )NP )PP )VP . )S  STOP
(S (NP (NP (NP Rally 's )NP Inc. )NP , (NP a (NAC Louisville , Ky. , )NAC restaurant *UNK )NP , )NP (VP started (S (VP trading (PP under (NP *UNKC )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP Sierra Tucson Cos. )NP , (NP (NP Tucson )NP , (NP Ariz. )NP )NP , )NP (VP started (S (VP trading (PP under (NP *UNKC )NP )PP )VP )S )VP . )S  STOP
(S (NP It )NP (VP operates (NP (NP various types )NP (PP of (NP *UNK- facilities )NP )PP )NP )VP . )S  STOP
(S (ADVP Separately )ADVP , (PP on (NP the Pacific Stock Exchange )NP )PP , (NP (NP put and call options )NP (PP on (NP (NP the common stock )NP (PP of (NP *UNKC Corp. )NP )PP )NP )PP )NP (VP started (S (VP trading )VP )S )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP Seattle )NP , )NP (VP makes (NP computer software products )NP )VP . )S  STOP
(S (NP Options )NP (VP give (NP a holder )NP (NP (NP (NP the right )NP )NP , (CONJP but not )CONJP (NP (NP the obligation )NP )NP , (S (VP to (VP buy or sell (NP a security )NP (PP at (NP a set price )NP )PP (PP within (NP (NP a set period )NP (PP of (NP time )NP )PP )NP )PP )VP )VP )S )NP )VP . )S  STOP
(S (NP Dow Chemical Co. )NP (VP said (SBAR (S (NP its *UNKC Energy Inc. unit )NP (VP has (VP agreed (S (VP to (VP buy (NP (NP *UNKC Inc. )NP , (NP a Houston energy company )NP , )NP (PP in (NP (NP a deal )NP (VP valued (PP at (NP (QP about $ 115 million )QP )NP )PP )VP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Dow )NP , (PP of (NP (NP Midland )NP , (NP Mich. )NP , )NP )PP )NP (VP said (SBAR (S (NP its unit )NP (VP will (VP begin (PP by (NP Thursday )NP )PP (NP (NP a tender offer )NP (PP of (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP (PP for (NP (NP all *UNKC common shares )NP (ADJP outstanding )ADJP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (PP Among (NP other conditions )NP )PP , (NP the offer )NP (VP depends (PP on (NP (NP the Dow unit )NP (VP acquiring (NP (NP (QP at least 66 *UNKN )QP % )NP (PP of (NP (NP the *UNKC shares )NP (ADJP outstanding )ADJP )NP )PP )NP )VP )NP )PP )VP )S , (NP the companies )NP (VP said (PP in (NP a joint statement )NP )PP (NP Friday )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP has (NP (NP (QP about *UNKN million )QP shares )NP (ADJP outstanding )ADJP )NP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP the (ADJP (QP approximately $ 115 million )QP )ADJP acquisition price )NP (VP includes (NP (NP its (QP total $ 33 million )QP )NP (PP of (NP (NP long-term debt )NP (ADJP outstanding )ADJP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Dow )NP (VP said (SBAR (S (NP it )NP (ADVP already )ADVP (VP has (NP (NP agreements )NP (PP with (NP (NP (NP Albert J. Smith Jr. )NP , (NP (NP (NP chairman )NP and (NP chief executive officer )NP )NP (PP of (NP PSE )NP )PP )NP , )NP and (NP (NP certain other officers )NP (PP of (NP the company )NP )PP )NP )NP )PP (SBAR (WHPP under (WHNP which )WHNP )WHPP (S (NP Dow )NP (VP may (VP buy (NP (NP (QP about 40 )QP % )NP (PP of (NP (NP the PSE common shares )NP (ADJP outstanding )ADJP )NP )PP )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP PSE )NP (VP (VP is (NP (NP a designer and operator )NP (PP of (NP *UNK- facilities )NP )PP )NP )VP and (VP had (NP (NP 1988 sales )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )VP )VP . )S  STOP
(S (NP The company )NP (VP is (NP (NP owner and operator )NP , or (NP an equity partner )NP , (PP in (NP (NP six *UNK facilities )NP -- (NP (NP (NP two )NP (PP in (NP Texas )NP )PP )NP and (NP (NP four )NP (PP in (NP California )NP )PP )NP )NP )NP )PP )NP )VP . )S  STOP
(S (NP The company )NP (VP said (ADVP recently )ADVP (SBAR (S (NP it )NP (VP expects (SBAR (S (NP third-quarter earnings )NP (VP will (VP be (PP in (NP (NP range )NP (PP from (NP (NP (NP (QP $ 1.3 million to $ 1.7 million )QP )NP , or (NP (NP (QP 14 cents to 18 )QP cents )NP (NP a share )NP )NP , )NP (VP compared (PP with (NP (NP $ *UNKN )NP , or (NP (NP four cents )NP (NP a share )NP )NP , (ADVP (NP a year )NP ago )ADVP )NP )PP )VP )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (SBAR If (S (NP growth )NP (VP *UNK (NP its *UNK )NP (PP among (NP investors )NP )PP )VP )S )SBAR , (NP (NP a sluggish segment )NP (PP of (NP the Nasdaq over-the-counter market )NP )PP )NP (VP could (VP show (NP some *UNK )NP )VP )VP . )S  STOP
(S (NP Some stock *UNK )NP (ADVP already )ADVP (VP are (VP targeting (NP (NP the OTC market )NP , (SBAR (WHADVP where )WHADVP (PRN , (S (NP they )NP (VP say )VP )S , )PRN (SINV (VP *UNK )VP (NP (NP plenty )NP (PP of (NP (ADJP small - and medium-sized )ADJP growth stocks )NP )PP )NP )SINV )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP all )NP )PP )NP (PRN , (S (NP they )NP (VP add )VP )S , )PRN (NP these growth issues )NP , (PP unlike (NP (NP their big blue-chip *UNK )NP (PP on (NP the New York Stock Exchange )NP )PP )NP )PP , (VP are (VP *UNKING (PP at (NP depressed prices )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC stocks )NP (VP will (VP return (S (VP to (VP favor )VP )VP )S (PRN , (S (NP some analysts and money managers )NP (VP think )VP )S , )PRN (PP (PP because of (NP (NP the *UNK )NP (VP caused (PP by (NP (NP (NP the market 's )NP steep slide )NP (PP on (NP Oct. 13 )NP )PP )NP )PP )VP )NP )PP , and (PP because of (NP (NP the current *UNK )NP (PP of (NP disappointing earnings announcements )NP )PP )NP )PP )PP )VP )VP . )S  STOP
(S (PP *UNKC (NP such a *UNK )NP )PP , (NP (NP companies )NP (PP with (NP (NP proven track records )NP (PP of (NP (NP earnings gains )NP (PP of (NP (QP 20 % or so )QP )NP )PP )NP )PP )NP )PP )NP (ADVP annually )ADVP (VP have (NP extra appeal )NP )VP . )S  STOP
(SINV `` (S (S (NP The market )NP (VP will (VP have (S (VP to (VP look (PP for (NP a new theme )NP )PP (ADVP now )ADVP )VP )VP )S )VP )VP )S and (S (NP that theme )NP (VP will (VP be (NP (NP a return )NP (PP to (NP growth )NP )PP )NP )VP )VP )S )S , '' (VP declares )VP (NP (NP Mary *UNKC )NP , (NP a PaineWebber analyst )NP )NP . )SINV  STOP
(SINV (PP Among (NP her OTC picks )NP )PP (VP are )VP (NP (NP *UNKC *UNKC )NP and (NP *UNKC Brands )NP )NP . )SINV  STOP
(S (PP Like (NP many OTC growth issues )NP )PP , (NP they )NP (VP have (NP (NP market values )NP (PRN -- (SBAR as (S (VP measured (PP by (NP (NP stock price )NP (PP times (NP (NP shares )NP (ADJP outstanding )ADJP )NP )PP )NP )PP )VP )S )SBAR -- )PRN (PP of (NP (QP roughly $ 100 million to $ 500 million )QP )NP )PP )NP )VP . )S  STOP
(S (NP Some )NP (VP like (S (VP to (VP *UNK (PP in (NP (NP growth companies )NP (SBAR (WHNP whose shares )WHNP (S (VP have n't (VP traded (ADVP publicly )ADVP (ADVP very long )ADVP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP These )NP (VP are (ADVP sometimes )ADVP (VP dubbed (NP `` emerging '' growth companies )NP , (SBAR though (S (NP they )NP (ADVP also )ADVP (VP have (NP *UNK- track records )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (SBAR While (S (NP many growth stocks )NP (VP are (ADJP small )ADJP )VP )S )SBAR , (NP not all small stocks )NP (VP have (NP *UNK- momentum )NP )VP . )S  STOP
(S (NP That )NP (VP 's (NP an important *UNK )NP (SBAR because (S (NP (NP some analysts and brokers )NP , (SBAR (WHNP who )WHNP (S (ADVP *UNKLY )ADVP (VP predict (SBAR that (S (NP small stocks )NP (VP are (VP about (S (VP to (VP *UNK (NP bigger issues )NP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR , )NP (VP may (VP use (NP (NP any *UNK )NP (PP in (NP growth issues )NP )PP )NP (S (VP to (VP help (S (NP them )NP (VP sell (NP all small stocks )NP )VP )S )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(SINV (S `` (S (NP You )NP (VP can (VP find (NP some good , quality companies )NP (PP over (NP the counter )NP )PP )VP )VP )S , '' but (S (NP investors )NP (VP should (VP be (ADJP *UNK )ADJP )VP )VP )S , )S (VP says )VP (NP (NP John *UNKC )NP , (NP (NP chief portfolio manager )NP (PP at (NP (NP *UNKC Investors )NP , (NP (NP a (NAC Newark , N.J. )NAC , money management company )NP (PP with (NP (NP (QP about $ 900 million )QP )NP (VP invested (PP in (NP (NP growth stocks )NP (PP of (NP *UNKING *UNK )NP )PP )NP )PP )VP )NP )PP )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP (NP Mr. *UNKC 's )NP picks )NP (PP from (NP the OTC market )NP )PP )NP (VP include (NP (NP *UNKC )NP , (NP *UNKC *UNKC *UNKC )NP , and (NP *UNKC American )NP )NP )VP . )S  STOP
(S (NP (NP The main argument )NP (PP for (NP growth stocks )NP )PP )NP (VP is (NP (NP their usually superior performance )NP (PP in (NP a slowing economy )NP )PP )NP )VP . )S  STOP
(SINV `` (S (SBAR If (S (NP the market )NP (VP *UNK (PP on (NP earnings )NP )PP )VP )S )SBAR , (NP we )NP (VP should (VP get (NP (NP better *UNK )NP (PP of (NP growth stocks )NP )PP )NP )VP )VP )S , '' (VP says )VP (NP (NP L. Keith *UNKC )NP , (NP (NP a *UNK- analyst )NP (PP at (NP Morgan Stanley )NP )PP )NP )NP . )SINV  STOP
(S (ADVP Eventually )ADVP (PRN , (NP he )NP (VP believes )VP )PRN , (NP investors )NP (VP will (VP be (ADJP willing (S (VP to (VP pay (NP higher prices )NP (PP for (NP (NP companies )NP (PP with (NP (NP proven track records )NP (PP of (NP earnings growth )NP )PP )NP )PP )NP )PP )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (PP In (NP (NP anticipation )NP (PP of (NP that shift )NP )PP )NP , )PP (NP (NP he )NP and (NP other analysts )NP )NP (VP are (VP encouraging (S (NP their clients )NP (VP to (VP buy (NP such issues )NP (ADVP now )ADVP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP smaller growth stocks )NP (VP have n't (VP been (PP in (NP favor )NP )PP (ADVP recently )ADVP )VP )VP . )S  STOP
(S (S (NP (NP The average issue )NP (PP on (NP (NP Standard & Poor 's )NP 500-stock Index )NP )PP )NP (VP gained (NP 35 % )NP (NP last year )NP )VP )S , (NP (NP Ms. *UNKC )NP (PP of (NP PaineWebber )NP )PP )NP (VP says )VP . )S  STOP
(S (NP *UNKC earnings )NP , (PP by (NP comparison )NP )PP , (VP rose (PP between (NP (NP 15 % )NP and (NP 20 % )NP )NP )PP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP earnings growth )NP (VP took (NP a back seat )NP (PP to (NP (NP (NP cash flow )NP , (NP restructuring and takeover potential )NP , and (NP breakup value )NP )NP (PP as (NP the preferred *UNKING standards )NP )PP )NP )PP (PP for (NP (NP much )NP (PP of (NP the year )NP )PP )NP )PP )VP . )S  STOP
(S (ADVP Also )ADVP , (NP the smaller growth stocks )NP (VP (VP are n't (VP (ADVP widely )ADVP traded )VP )VP , and (VP (ADVP so )ADVP are (ADJP (ADJP harder (SBAR (S (VP to (VP buy and sell (ADVP quickly )ADVP )VP )VP )S )SBAR )ADJP (PP than (NP blue chips )NP )PP )ADJP )VP )VP . )S  STOP
(S (PP As (NP a result )NP )PP , (NP (NP (NP Morgan Stanley 's )NP Index )NP (PP of (NP (NP 40 *UNKING *UNKC Stocks )NP (PRN -- (ADJP most (PP of (SBAR (WHNP which )WHNP (S (VP are (PP in (NP the OTC market )NP )PP )VP )S )SBAR )PP )ADJP -- )PRN )NP )PP )NP (VP is (ADVP up (NP (QP only 13 )QP % )NP (PP for (NP the year )NP )PP )ADVP , (SBAR while (S (S (NP the Dow Jones Industrial Average )NP (VP has (VP leaped (NP 24 % )NP )VP )VP )S and (S (NP the S&P 500 )NP (VP has (VP grown (NP 25 % )NP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (S (NP The Nasdaq Composite )NP (VP has (VP gained (NP 23 % )NP (NP this year )NP )VP )VP )S , but (S (NP that )NP (VP 's (ADJP largely due (PP to (NP (NP the 100 largest *UNK stocks )NP , (SBAR (WHNP which )WHNP (S (VP have (VP soared (NP 30 % )NP )VP )VP )S )SBAR )NP )PP )ADJP )VP )S . )S  STOP
(S (NP Some investors )NP (VP are (ADJP skeptical (PP of (NP growth stocks )NP )PP )ADJP (SBAR because (S (S (VP investing (PP in (NP them )NP )PP )VP )S (VP means (S (VP ignoring (NP (NP that *UNK )NP (VP found (PP in (NP (NP the fine print )NP (PP of (NP some investment *UNK )NP )PP )NP )PP )VP -- (SBAR that (S (NP past performance )NP (VP is n't (ADJP *UNK (PP of (NP future results )NP )PP )ADJP )VP )S )SBAR )NP )VP )S )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP People )NP (VP are (ADJP naturally *UNK (PP of (NP them )NP )PP )ADJP )VP )S , '' (VP says )VP (NP (NP Mr. *UNKC )NP (PP of (NP Morgan Stanley )NP )PP )NP . )SINV  STOP
(SINV (PP Among (NP (NP his *UNK )NP (PP in (NP (NP his firm 's )NP index )NP )PP )NP )PP (VP are )VP (NP (NP *UNKC )NP , (NP Silicon Graphics )NP and (NP *UNKC )NP )NP . )SINV  STOP
(S (ADVP However )ADVP , (NP more money managers )NP (VP are (VP *UNKED (SBAR that (S (NP profit )NP (VP is (VP *UNKING (NP importance )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Mark *UNKC )NP , (NP (NP portfolio manager )NP (PP at (NP *UNKED *UNKC Capital Management )NP )PP )NP , )NP (VP says (SBAR that (S (PP in (NP (NP reaction )NP (PP to (NP (NP *UNK )NP (PP about (NP *UNK- buy-out transactions )NP )PP )NP )PP )NP )PP , (NP analysts and investors )NP (ADVP now )ADVP (VP appear (S (VP to (VP be `` (VP *UNKING (NP stock )NP (PP based (PP on (NP (NP future earnings )NP (SBAR as (S (VP opposed (PP to (NP (NP the amount )NP (PP of (NP debt )NP )PP (SBAR (S (NP the company )NP (VP can (VP support )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )NP )PP )PP )VP )VP )VP )S )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP Barney *UNKC )NP , (NP (NP managing director )NP (PP of (NP research )NP )PP (PP at (NP Hambrecht & Quist )NP )PP )NP , )NP (ADVP also )ADVP (VP believes (SBAR (S (NP earnings growth )NP (VP is (VP beginning (S (VP to (VP play (NP (NP a greater part )NP (PP in (NP (NP investors ' )NP buying decisions )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP On (NP Friday )NP )PP , (NP Hambrecht & Quist )NP (VP added (NP St. *UNKC Medical )NP (PP to (NP (NP the list )NP (PP of (NP (NP 20 stocks )NP (SBAR (S (NP it )NP (VP (ADVP strongly )ADVP recommends )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP The opinion )NP (VP is (ADVP largely )ADVP (VP based (PP on (NP (NP the company 's )NP earnings momentum )NP )PP )VP )VP )S , (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S (NP (NP (NP St. *UNKC 's )NP market value )NP (PP on (NP Nasdaq )NP )PP )NP (VP exceeds (NP (QP $ 1 billion )QP )NP , (SBAR so (S (NP it )NP (VP is n't (NP a small stock )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The medical devices maker 's )NP earnings )NP (VP (VP rose (NP nearly 35 % )NP (PP in (NP 1987 )NP )PP (PP from (NP 1986 )NP )PP )VP , and (VP (NP 75 % )NP (PP in (NP 1988 )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP follows (NP the stock )NP (PP for (NP Hambrecht & Quist )NP )PP )VP )S )SBAR , )NP (VP anticipates (SBAR that (S (NP (NP the company 's )NP net income )NP (VP will (VP grow (NP 51 % )NP (PP to (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP (NP this year )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP St. *UNKC )NP (VP finished (ADVP up (NP 1\/4 )NP )ADVP (PP to (NP (QP 44 1\/2 )QP )NP )PP (PP on (NP Friday )NP )PP )VP . )S  STOP
(NP (NP Friday 's )NP Market Activity )NP  STOP
(S (NP The Nasdaq Composite Index )NP (VP eased (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP The composite )NP (VP finished (ADVP up (NP 0.7 % )NP )ADVP (PP from (NP (NP last Friday 's )NP close )NP )PP )VP . )S  STOP
(S (NP It )NP (VP was (NP (NP a busy week )NP (PP for (NP OTC stocks )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP Friday 's )NP volume )NP (VP totaled (NP (QP *UNKN million )QP shares )NP )VP )S ; (S (NP (NP the daily average )NP (PP for (NP the week )NP )PP )NP (VP was (NP a *UNKING *UNKN million )NP )VP )S . )S  STOP
(S (NP Valley National )NP (VP lost (NP (QP 1 3\/8 )QP )NP (PP to (NP (QP 17 1\/8 )QP )NP )PP (PP on (NP (NP volume )NP (PP of (NP (QP 1.9 million )QP shares )NP )PP )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP reported (NP a big third-quarter loss )NP (PP on (NP Thursday )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC Bank )NP (PP of (NP New York )NP )PP )NP (VP lost (NP 1 )NP (PP to (NP 106 )NP )PP (PP after (S (VP reporting (SBAR that (S (NP its third-quarter net income )NP (VP fell (PP to (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP (PP from (NP (NP (NP last year 's )NP $ *UNKN )NP (NP a share )NP )NP )PP )VP )S )SBAR )VP )S )PP )VP . )S  STOP
(S (NP *UNKC Savings Bank )NP (VP lost (NP 7\/8 )NP (PP to (NP (QP 1 5\/8 )QP )NP )PP (PP after (S (VP reporting (SBAR that (S (NP it )NP (VP had (NP a (ADJP (QP $ 4.8 million )QP )ADJP loss )NP (PP in (NP the latest third quarter )NP )PP (PP (ADVP mostly )ADVP because of (NP loan-loss provisions )NP )PP )VP )S )SBAR )VP )S )PP )VP . )S  STOP
(S (PP In (NP the 1988 quarter )NP )PP , (NP the bank )NP (VP earned (NP (QP $ 1.1 million )QP )NP )VP . )S  STOP
(S (NP One bank stock )NP (VP was (NP a winner )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP jumped (NP (QP 4 1\/2 )QP )NP (PP to (NP (QP 47 3\/4 )QP )NP )PP (PP after (S (VP agreeing (S (VP to (VP be (VP acquired (PP by (NP Banco *UNKC de Puerto Rico )NP )PP (PP for (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP )VP )VP )VP )S )VP )S )PP )VP . )S  STOP
(S (NP Banco *UNKC )NP , (ADVP meanwhile )ADVP , (VP dropped (NP (QP 1 1\/4 )QP )NP (PP to (NP (QP 21 1\/2 )QP )NP )PP )VP . )S  STOP
(S (NP (NP Sierra Tucson )NP , (NP an initial public offering )NP , )NP (VP made (NP the most active list )NP )VP . )S  STOP
(S (NP (NP The company 's )NP shares )NP (VP (VP began (S (VP trading (PP at (NP (NP (QP 12 1\/2 )QP )NP , (ADVP up (PP from (NP (NP its initial offering price )NP (PP of (NP 12 )NP )PP )NP )PP )ADVP )NP )PP )VP )S )VP , and (VP closed (PP at (NP 13 )NP )PP )VP )VP . )S  STOP
(S (NP Sierra Tucson )NP (VP operates (NP an *UNK treatment center )NP )VP . )S  STOP
(S (PP Among (NP declining issues )NP )PP , (NP a weak earnings outlook )NP (VP drove (S (NP *UNKC Technology )NP (ADVP down (NP (QP 6 1\/4 )QP )NP )ADVP (PP to (NP 24 )NP )PP )S )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP (NP results )NP (PP for (NP (NP its second quarter )NP (VP ended (NP Oct. 28 )NP )VP )NP )PP )NP (VP could (VP drop (NP (NP as much )NP (PP as (NP (NP 20 % )NP (PP below (NP (NP (NP the 30 cents )NP (NP a share )NP )NP (VP reported (PP in (NP the year-earlier quarter )NP )PP )VP )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC International )NP (VP plummeted (NP (QP 3 1\/4 )QP )NP (PP to (NP (QP 7 )QP 1\/4 )NP )PP )VP . )S  STOP
(S (NP A Food and Drug Administration advisory panel )NP (VP has (VP asked (SBAR that (S (NP *UNKC )NP (VP perform (NP (NP more studies )NP (PP on (NP (NP its device )NP (SBAR (S (VP to (VP treat (NP *UNK )NP )VP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Qintex Entertainment )NP (VP dropped (NP (QP 2 )QP 5\/8 )NP (PP to (NP (QP 1 1\/2 )QP )NP )PP (PP after (S (VP seeking (NP (NP protection )NP (PP from (NP creditor lawsuits )NP )PP (PP under (NP (NP Chapter 11 )NP (PP of (NP the federal Bankruptcy Code )NP )PP )NP )PP (PP for (NP (NP itself )NP and (NP (NP its two operating subsidiaries )NP , (NP (NP *UNKC *UNKC *UNKC )NP and (NP Qintex *UNKC )NP )NP )NP )NP )PP )NP )VP )S )PP )VP . )S  STOP
(S (NP Raymond Corp. )NP (VP lost (NP 1 )NP (PP to (NP 10 )NP )PP (SBAR after (S (NP it )NP (VP said (NP late Thursday )NP (SBAR that (S (NP it )NP (VP will (VP take (NP (NP a (ADJP (QP $ 4.4 million )QP )ADJP charge )NP (PP in (NP its third quarter )NP )PP (PP for (NP (NP reserves )NP (SBAR (S (VP to (VP cover (NP (NP potential charges )NP (PP in (NP (NP connection )NP (PP with (NP (NP the closing and sale )NP (PP of (NP a manufacturing plant )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP As (NP a result )NP )PP , (NP the company )NP (VP has (VP suspended (NP its quarterly dividend )NP )VP )VP . )S  STOP
(S (NP (NP McCaw Cellular Communications )NP and (NP (NP its target )NP , (NP LIN Broadcasting )NP , )NP )NP (VP were (ADJP active )ADJP )VP . )S  STOP
(S (S (NP LIN )NP (VP added (NP 5\/8 )NP (PP to (NP (QP 110 )QP 5\/8 )NP )PP )VP )S and (S (NP McCaw )NP (VP lost (NP 1\/4 )NP (PP to (NP 41 )NP )PP )VP )S . )S  STOP
(S (NP McCaw )NP (VP said (SBAR (S (NP it )NP (VP has (VP secured (NP commitments )NP (PP from (NP three banks )NP )PP (S (VP to (VP help (S (VP finance (NP (NP its (ADJP $ *UNK- )ADJP bid )NP (PP for (NP (NP 22 million )NP (PP of (NP (NP *UNKC 's )NP shares )NP )PP )NP )PP )NP )VP )S )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP McCaw )NP (VP has (VP called (PP for (NP (NP a `` fair auction '' )NP (PP of (NP (NP LIN )NP , (SBAR (WHNP which )WHNP (S (VP (ADVP earlier )ADVP entered (NP (NP a *UNK- merger pact )NP (PP with (NP BellSouth )NP )PP )NP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP Following (NP (NP the release )NP (PP of (NP (NP the company 's )NP fourth-quarter earnings )NP )PP )NP )PP , (NP Apple Computer )NP (VP dropped (NP 3\/4 )NP (PP to (NP 48 )NP )PP (PP on (NP (NP volume )NP (PP of (NP (QP more than 2.3 million )QP shares )NP )PP )NP )PP )VP . )S  STOP
(S (NP Apple )NP (VP earned (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ 1.24 )NP (NP a share )NP )NP )NP , (PP in (NP the quarter )NP )PP , (PP including (NP (NP (QP $ 48 million )QP )NP (PP from (NP (NP the sale )NP (PP of (NP its *UNKC Systems stock )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP The following )NP (VP were (PP among (NP (NP (NP Friday 's )NP offerings and pricings )NP (PP in (NP the (UCP U.S. and non-U.S. )UCP capital markets )NP )PP )NP )PP , (PP with (NP (NP terms and syndicate manager )NP , (SBAR as (S (VP compiled (PP by (NP Dow Jones Capital Markets Report )NP )PP )VP )S )SBAR )NP )PP )VP : )S  STOP
(NP (NP Chicago & North Western Acquisition Corp. )NP -- (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP (NP senior subordinated *UNK debentures )NP , (ADJP due (NP Oct. 15 , 2001 )NP )ADJP , )NP )PP (VP priced (PP at (ADJP par )ADJP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )NP . )NP  STOP
(S (NP The coupon )NP (VP will (VP be (VP reset (PP in (NP one year )NP )PP (PP at (NP (NP a rate )NP (SBAR (WHNP that )WHNP (S (VP will (VP give (NP the issue )NP (NP (NP a market value )NP (PP of (NP 101 )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S (ADVP However )ADVP , (NP (NP the maximum coupon rate )NP (PP on (NP the issue )NP )PP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP is (VP reset )VP )VP )S )SBAR )NP (VP can (ADVP only )ADVP (VP be (NP *UNKN % )NP )VP )VP . )S  STOP
(S (NP *UNKC holders )NP (VP will (ADVP also )ADVP (VP receive (NP (NP the equivalent )NP (PP of (NP (NP 10 % )NP (PP of (NP (NP the common stock )NP (PP of (NP *UNKC Holdings )NP )PP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP The equity *UNK )NP (VP is not (VP attached (PP to (NP the offering )NP )PP )VP )VP )S , but (S (NP underwriters )NP (VP said (SBAR (S (NP it )NP (VP will (VP be (VP offered (SBAR after (S (NP (NP a filing )NP (PP for (NP (NP *UNKN common shares )NP (PP of (NP CNW Holdings )NP )PP )NP )PP )NP (VP is (VP declared (S (ADJP effective )ADJP (PP by (NP the Securities & Exchange Commission )NP )PP )S )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP The issue )NP (VP (VP is (ADJP noncallable (PP for (NP five years )NP )PP )ADJP )VP and (VP has (NP (NP a sinking fund )NP (VP starting (PP in (NP 2000 )NP )PP (S (VP to (VP retire (NP (NP 50 % )NP (PP of (NP the issue )NP )PP )NP (PP before (NP maturity )NP )PP )VP )VP )S )VP )NP )VP )VP . )S  STOP
(S (S (VP Rated (S (S (ADJP *UNK- )ADJP (PP by (NP (NP Moody 's )NP Investors Service Inc. )NP )PP )S and (S (ADJP *UNK- )ADJP (PP by (NP (NP Standard & Poor 's )NP Corp. )NP )PP )S )S )VP )S , (NP the issue )NP (VP will (VP be (VP sold (PP through (NP (NP underwriters )NP (VP led (PP by (NP Donaldson Lufkin & Jenrette Securities Corp )NP )PP )VP )NP )PP )VP )VP )VP . )S  STOP
(FRAG (NP (NP (NP *UNKC *UNKC Co . )NP (PRN -LRB- (NP Japan )NP -RRB- )PRN )NP -- (NP (NP (QP $ 200 million )QP )NP (PP of (NP *UNKC )NP )PP (ADJP due (NP Nov. 9 , 1993 )NP )ADJP , (PP with (NP equity-purchase warrants )NP )PP , (S (VP indicating (NP a (ADJP 4 % )ADJP coupon )NP (PP at (ADJP par )ADJP )PP )VP )S , (PP via (NP Nomura International Ltd )NP )PP )NP . )NP )FRAG  STOP
(S (NP Each (ADJP $ 5,000 )ADJP bond )NP (VP carries (NP (NP one warrant )NP , (ADJP exercisable (PP (PP from (NP Nov. 28 , 1989 )NP )PP , (PP through (NP Oct. 28 , 1993 )NP )PP )PP )ADJP , (S (VP to (VP buy (NP company shares )NP (PP at (NP (NP an expected premium )NP (PP of (NP (NP (QP 2 1\/2 )QP % )NP (PP to (NP the closing share price )NP )PP )NP )PP )NP )PP (SBAR (WHADVP when )WHADVP (S (NP terms )NP (VP are (VP fixed (NP Oct. 27 )NP )VP )VP )S )SBAR )VP )VP )S )NP )VP . )S  STOP
(S (PP For (NP bankers and regulators )NP )PP , (NP Arizona )NP (VP is (VP looking (PP more like (NP Texas )NP )PP (NP every day )NP )VP )VP . )S  STOP
(S (PP On (NP Friday )NP )PP , (NP Los Angeles-based First Interstate Bancorp )NP (VP said (SBAR (S (NP it )NP (VP expects (NP (NP a net loss )NP (PP of (NP (QP $ 16 million )QP )NP )PP (PP for (NP (NP the third quarter )NP (PP of (NP 1989 )NP )PP )NP )PP )NP (PP because of (NP (NP *UNKING )NP (PP at (NP its (NAC First Interstate Bank (PP of (NP Arizona )NP )PP )NAC unit )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP First Interstate )NP (VP said (SBAR (S (NP (NP the unit )NP , (VP *UNKED (PP by (NP (NP Arizona 's )NP *UNKING real-estate woes )NP )PP )VP , )NP (VP will (VP have (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP loss )NP (PP for (NP the quarter )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP First Interstate )NP (VP took (NP (NP a huge (ADJP (QP $ 350 million )QP )ADJP provision )NP (PP for (NP loan losses )NP )PP )NP (PP at (NP the Arizona bank )NP )PP )VP . )S  STOP
(S (NP It )NP (VP charged (PRT off )PRT (NP (NP an estimated (QP $ 200 million )QP )NP (PP of (NP Arizona loans )NP )PP )NP , (S (VP leaving (NP the unit )NP (PP with (NP (NP a reserve )NP (PP for (NP (NP future losses )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , (NP (NP (QP about 61 )QP % )NP (PP of (NP (NP its (QP $ *UNKN million )QP )NP (PP of (NP (NP troubled loans )NP and (NP *UNKED real estate )NP )NP )PP )NP )PP )NP )NP )PP )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (NP First Interstate )NP (VP made (NP the move )NP (PP under (NP (NP pressure )NP (PP from (NP regulators )NP )PP )NP )PP )VP . )S  STOP
(S (NP The action )NP (VP (VP capped (NP (NP a *UNK )NP (PP of (NP grim Arizona banking news )NP )PP (PP for (NP the third quarter )NP )PP )NP )VP , and (VP (ADVP *UNKLY )ADVP signaled (SBAR that (S (NP Arizona )NP (VP is (VP challenging (NP (NP (NP Texas 's )NP long *UNK )NP (PP as (NP (NP banking 's )NP *UNK *UNK )NP )PP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Earlier last week )NP , (NP (NP Valley National Corp. )NP , (NP (NP the state 's )NP largest *UNKLY owned banking company )NP , )NP (VP (VP reported (NP a (ADJP (QP $ *UNKN million )QP )ADJP loss )NP )VP and (VP suspended (NP its dividend )NP )VP )VP . )S  STOP
(S (NP (NP Pinnacle West Capital Corp. )NP , (SBAR (WHNP which )WHNP (S (VP has (VP been (VP *UNKING (PP with (NP regulators )NP )PP (PP for (NP months )NP )PP (PP over (SBAR (WHNP what )WHNP (S (VP to (VP do (PP about (NP (NP Pinnacle 's )NP *UNK *UNKC thrift unit )NP )PP )VP )VP )S )SBAR )PP )VP )VP )VP )S )SBAR , )NP (VP (VP suspended (NP its dividend )NP )VP and (VP reported (NP (NP a (ADJP 91 % )ADJP plunge )NP (PP in (NP third-quarter net income )NP )PP )NP )VP )VP . )S  STOP
(S (NP Security Pacific Corp. )NP (VP said (SBAR (S (NP third-quarter credit losses )NP (VP surged (NP a third )NP (PP to (NP (QP $ 109 million )QP )NP )PP , (PP (ADVP mainly )ADVP because of (NP sour Arizona real-estate loans )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (ADJP New York-based )ADJP Chase Manhattan Corp. )NP (VP took (NP an (ADJP (QP $ 85 million )QP )ADJP *UNKED charge )NP )VP . )S  STOP
(S (ADVP Furthermore )ADVP , (NP (NP the regulatory *UNKING )NP (PP behind (NP (NP First Interstate 's )NP loss )NP )PP )NP (VP suggests (SBAR (S (NP regulators )NP (VP (VP have (VP concluded (SBAR that (S (NP (NP lenders ' )NP reserves )NP (VP are (ADJP far too low (SBAR (S (VP to (VP absorb (NP their future Arizona losses )NP )VP )VP )S )SBAR )ADJP )VP )S )SBAR )VP )VP and (VP are (VP forcing (S (NP bankers )NP (VP to (VP do (NP something )NP (PP about (NP it )NP )PP )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP from (NP (NP the Office )NP (PP of (NP (NP the *UNKC )NP (PP of (NP the *UNKC )NP )PP )NP )PP )NP )PP )NP (VP had (VP been (VP *UNKING (PP through (NP (NP First Interstate 's )NP real-estate portfolio )NP )PP (PP since (NP last month )NP )PP )VP )VP )VP )S ; (S (NP they )NP (ADVP first )ADVP (VP recommended (SBAR that (S (NP First Interstate )NP (VP take (NP (NP a provision )NP (SBAR (WHNP that )WHNP (S (VP was (ADJP (ADJP less )ADJP (PP than (NP the eventual (ADJP (QP $ 350 million )QP )ADJP third-quarter hit )NP )PP )ADJP )VP )S )SBAR )NP )VP )S )SBAR )VP )S . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP First Interstate )NP (VP *UNKED , (S (VP arguing (SBAR that (S (NP the figure )NP (VP was (ADJP too high )ADJP )VP )S )SBAR )VP )S , )VP )S )SBAR (NP regulators )NP (VP responded (PP by (S (VP raising (NP their recommendation )NP (PP to (NP (QP $ 350 million )QP )NP )PP )VP )S )PP )VP . )S  STOP
(SINV `` (S (PP At (NP that point )NP )PP , (NP -LCB- First Interstate -RCB- )NP (VP decided (SBAR (S (NP (NP it )NP )NP (VP was (NP (NP the better part )NP (PP of (NP *UNK )NP )PP )NP (S not (VP to (VP negotiate further )VP )VP )S )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP one industry official )NP (ADJP close (PP to (NP the talks )NP )PP )ADJP )NP . )SINV  STOP
(S (NP (NP Thomas P. *UNKC )NP , (NP chief financial officer )NP , )NP (VP would n't (VP comment (PP about (NP (NP the details )NP (PP of (NP the negotiations )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (S (NP the provision )NP `` (VP was n't (VP forced (PP upon (NP us )NP )PP )VP )VP )S , but (S (NP the regulators )NP (VP made (S (NP (NP it )NP )NP (ADJP very clear )ADJP (SBAR (WHNP what )WHNP (S (NP they )NP (VP thought (SBAR (S (VP was (NP an appropriate number )NP )VP )S )SBAR )VP )S )SBAR )S )VP )S )S )SBAR )VP . '' )S  STOP
(S (NP The tough regulatory stance )NP (VP *UNK (NP large future losses )NP , (PP (ADVP especially )ADVP at (NP (NP the state 's )NP thrifts )NP )PP )VP . )S  STOP
(S (S (NP (NP (QP At least six )QP )NP (PP of (NP (NP Arizona 's )NP 12 savings and loan institutions )NP )PP )NP (VP (VP have (ADVP either )ADVP (VP been (VP taken (PRT over )PRT (PP by (NP (NP the government 's )NP *UNK program )NP )PP )VP )VP )VP or (VP are (ADJP essentially insolvent )ADJP )VP )VP )S ; (S (NP they )NP (VP are (VP sitting (PP on (NP enormous *UNKED losses )NP )PP )VP )VP )S . )S  STOP
(S (PP For (NP example )NP )PP , (NP (NP Western Savings & Loan Association )NP , (SBAR (WHNP which )WHNP (S (VP is (ADVP now )ADVP (PP in (NP *UNK )NP )PP )VP )S )SBAR , )NP (VP had (NP (NP *UNK *UNK- minus liabilities -- )NP (PP of (NP a negative (QP $ *UNKN million )QP )NP )PP )NP (PP at (NP June 30 )NP )PP )VP . )S  STOP
(S (NP It )NP (VP had (NP a (ADJP (QP $ *UNKN million )QP )ADJP loss )NP (PP in (NP the second quarter )NP )PP )VP . )S  STOP
(S Yet (NP it )NP (ADVP still )ADVP (VP held (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP *UNKED real estate )NP )PP , (SBAR (WHPP for (WHNP which )WHNP )WHPP (S (NP it )NP (VP maintains (NP (NP no reserves )NP (ADVP *UNK )ADVP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP It )NP (ADVP also )ADVP (VP had (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP *UNK- loans )NP )PP )NP )VP )S ; (S (NP (NP its level )NP (PP of (NP (NP reserves )NP (PP against (NP those )NP )PP )NP )PP )NP (VP was n't (ADJP immediately available )ADJP , (SBAR though (S (NP it )NP (VP is (VP believed (S (VP to (VP be (ADJP small )ADJP )VP )VP )S )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP (NP The rapid deterioration )NP (PP of (NP the Arizona thrifts )NP )PP )NP (ADVP only )ADVP (VP adds (PP to (NP (NP the *UNKING cost )NP (PP of (NP (NP (NP the government 's )NP massive thrift bailout )NP , (VP (ADVP officially )ADVP estimated (PP at (NP (QP about $ *UNKN billion )QP )NP )PP )VP )NP )PP )NP )PP )VP . )S  STOP
(S (ADVP *UNKC )ADVP , (NP the six (ADJP (ADJP *UNKED )ADJP or (ADJP essentially insolvent )ADJP )ADJP Arizona thrifts )NP (VP have (NP (NP (NP *UNK capital )NP (PP of (NP a negative (QP $ 1.5 billion )QP )NP )PP )NP , (NP (NP *UNKED property )NP (PP of (NP (QP $ 1.8 billion )QP )NP )PP )NP and (NP (NP *UNK loans )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP )NP )VP . )S  STOP
(S (S (NP They )NP (VP have (NP (NP no reserves )NP (PP against (NP the real estate )NP )PP )NP )VP )S , and (S (NP (NP their reserves )NP (PP against (NP the loans )NP )PP )NP (VP are (ADJP *UNK )ADJP (PP compared (PP with (NP (NP the levels )NP (PP of (NP reserves )NP )PP (SBAR (S (NP banks )NP (VP are (VP moving (S (VP to (VP set (PRT up )PRT )VP )VP )S )VP )VP )S )SBAR )NP )PP )PP )VP )S . )S  STOP
(S (NP The thrifts )NP (VP had (NP (NP a combined loss )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP (PP in (NP the second quarter )NP )PP )VP . )S  STOP
(S (NP Other lenders )NP (VP have (VP been (VP recovering (NP (NP (QP only 50 )QP cents )NP (PP to (NP (NP 60 cents )NP (PP on (NP the dollar )NP )PP )NP )PP )NP (PP on (NP *UNKED Arizona property )NP )PP , (SBAR if (S (NP they )NP (VP can (VP sell (NP it )NP (PP at (NP all )NP )PP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP All this *UNK )NP (VP is (NP (NP the result )NP (PP of (NP (NP one )NP (PP of (NP (NP the worst *UNK )NP (PP in (NP (NP Arizona 's )NP *UNK- history )NP )PP , (VP *UNKED (PP by (NP (NP (NP some )NP (PP of (NP (NP the usual *UNK )NP (PP in (NP 1980s banking *UNK )NP )PP )NP )PP )NP : (NP (NP *UNKED )NP , (NP fraud )NP and (NP plain bad banking )NP )NP )NP )PP )VP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP (NP the late 1970s )NP and (NP early 1980s )NP )NP )PP , (NP lenders and developers )NP (VP *UNKED (NP money )NP (PP into (NP (NP office buildings )NP , (NP *UNK )NP and (NP (NP massive *UNK )NP (PP of (NP raw desert land )NP )PP )NP )NP )PP , (S (ADJP confident (SBAR that (S (NP (NP Arizona 's )NP population )NP (VP would (VP grow (PP at (NP (NP annual rates )NP (PP of (NP (QP 4 % to 6 % )QP )NP )PP )NP )PP (PP for (NP (NP years )NP (SBAR (S (VP to (VP come )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )ADJP )S )VP . )S  STOP
(S (ADVP Now )ADVP , (S (NP annual population growth )NP (VP is (VP running (PP at (NP (NP (QP about 2 )QP % )NP (NP a year )NP )NP )PP )VP )VP )S , (S (NP (NP some desert *UNK )NP (VP bought (ADVP (NP three years )NP ago )ADVP (PP for (NP (NP $ *UNKN )NP (NP an *UNK )NP )NP )PP )VP )NP are (VP being (VP sold (PP at (NP (NP $ 25,000 )NP (NP an *UNK )NP )NP )PP )VP )VP )S and (S (NP Phoenix )NP (VP has (NP (NP a seven-year supply )NP (PP of (NP *UNKED office space )NP )PP )NP )VP )S . )S  STOP
(SINV `` (S (S (NP (NP It )NP )NP (VP 's (ADJP *UNK )ADJP (S (VP to (VP say )VP )VP )S )VP )S , but (S (NP it )NP (VP 's (ADJP unfortunate (SBAR (S (NP that earthquake )NP (VP was n't (PP in (NP Phoenix )NP )PP )VP )S )SBAR )ADJP )VP )S -- (S (NP it )NP might (VP have (VP knocked (PRT out )PRT (NP (NP some )NP (PP of (NP our empty buildings )NP )PP )NP )VP )VP )S )S , '' (VP said )VP (NP (NP *UNKC Jackson )NP , (NP (NP a prominent Arizona businessman )NP (PP with (NP (NP interests )NP (PP in (NP (NP real estate )NP , (NP banking )NP and (NP many other businesses )NP )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP Many Arizona real-estate experts )NP (VP think (SBAR (S (NP the worst )NP (VP may (VP be (S (ADVP yet )ADVP (VP to (VP come )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Ralph *UNKC )NP , (NP (NP publisher )NP (PP of (NP *UNKC *UNKC newsletter )NP )PP )NP , )NP (VP said (SBAR (S (NP *UNK )NP (VP have (VP climbed (PP to (NP (NP about *UNKN )NP (NP a month )NP )NP )PP (PP (ADVP just )ADVP in (NP (NP *UNKC County )NP , (SBAR (WHADVP where )WHADVP (S (NP Phoenix )NP (VP is (VP located )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (S (NP That )NP (VP 's (ADVP up (PP from (NP (NP about *UNKN )NP (NP a month )NP )NP (PP in (NP 1985 )NP )PP )PP )ADVP )VP )S , and (S (NP it )NP (VP 's (VP accelerating )VP )VP )S )S : (S (NP (ADVP So far )ADVP this month )NP , (NP *UNK )NP (VP are (VP averaging (NP (NP about 85 )NP (NP a day )NP )NP )VP )VP )S . )S  STOP
(S `` (S (NP It )NP (VP 's (ADJP *UNKING )ADJP )VP )S , '' (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP (NP Mr. *UNKC )NP and (NP others )NP )NP (VP said (SBAR (S (NP (NP residential real estate )NP , (SBAR (WHNP which )WHNP (S (VP had (VP remained (ADJP fairly strong )ADJP (PP through (NP (NP most )NP (PP of (NP the downturn )NP )PP )NP )PP )VP )VP )S )SBAR , )NP (VP is (VP beginning (S (VP to (VP *UNK (ADJP (ADJP more and more )ADJP (PP of (NP the *UNK )NP )PP )ADJP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S And (NP (NP the generally *UNK condition )NP (PP of (NP (NP Arizona 's )NP lenders )NP )PP )NP (VP means (SBAR (S (NP there )NP (VP is (NP (NP little capital )NP (ADJP available (PP in (NP the state )NP )PP (S (VP to (VP (VP shore (PRT up )PRT (NP the economy )NP )VP and (VP slow (PRT down )PRT (NP the slide )NP )VP )VP )VP )S )ADJP )NP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's (ADJP reasonable (S (VP to (VP say (SBAR (S (S (NP there )NP (VP is not (NP a *UNK S&L )NP (PP in (NP the state )NP )PP )VP )S and (S (NP (NP the amount )NP (PP of (NP viable bank capital )NP )PP )NP (VP is (ADJP very low )ADJP )VP )S )S )SBAR )VP )VP )S )ADJP )VP )S , '' (VP said )VP (NP Mr. Jackson )NP . )SINV  STOP
(S `` (NP We )NP (VP 're (VP going (S (VP to (VP see (NP (NP another big wave )NP (PP of (NP failures and defaults )NP )PP )NP (PP between (NP now and year-end )NP )PP )VP )VP )S )VP )VP ... . )S  STOP
(S (NP (NP The only thing )NP (SBAR (S (NP (NP a lot )NP (PP of (NP these lenders )NP )PP )NP (VP can (VP get (PP out (PP of (NP their *UNK )NP )PP )PP (ADVP now )ADVP )VP )VP )S )SBAR )NP (VP is : (S ` (VP *UNKC (NP me )NP (PP in (NP 60 days )NP )PP )VP )S )VP . ' '' )S  STOP
(S (NP First Interstate )NP (VP had (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP loss )NP )NP (PP in (NP (NP 1988 's )NP third quarter )NP )PP , (PP (ADVP mainly )ADVP from (NP (NP *UNK and reserves )NP (VP connected (PP with (NP its Texas operations )NP )PP )VP )NP )PP )VP . )S  STOP
(S (PP For (NP (NP the six months )NP (VP ended (NP June 30 )NP )VP )NP )PP , (NP it )NP (VP reported (NP (NP net income )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP )NP (PP including (NP (NP (QP $ 46 million )QP )NP (PP from (NP tax credits and accounting changes )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The bank 's )NP Arizona unit )NP (VP holds (NP (NP (QP about $ 6 billion )QP )NP (PP of (NP (NP (NP First Interstate 's )NP (QP $ 50 billion )QP )NP (PP of (NP assets )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP the bank )NP (VP expects (S (NP (NP Arizona real-estate prices )NP , (SBAR (WHNP which )WHNP (S (VP plummeted (NP 40 % )NP (PP over (NP the last year )NP )PP )VP )S )SBAR , )NP (VP to (VP fall (NP (QP another 20 )QP % )NP (PP before (S (VP stabilizing )VP )S )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Some )NP (PP in (NP Arizona )NP )PP )NP (VP think (SBAR (S (NP that )NP (VP may (VP be (ADJP optimistic )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP First Interstate )NP (VP (VP said (SBAR (S (NP (NP its operations )NP (ADVP outside (PP of (NP Arizona )NP )PP )ADVP )NP `` (VP achieved (NP results )NP (SBAR as (S (VP expected )VP )S )SBAR (PP for (NP the quarter )NP )PP )VP )S )SBAR )VP , '' but (VP did n't (VP specify (NP the results )NP )VP )VP )VP . )S  STOP
(S (NP First Interstate stock )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP down (NP 25 cents )NP )ADVP , (PP in (NP composite trading )NP )PP (NP Friday )NP (PP on (NP the New York Stock Exchange )NP )PP )VP . )S  STOP
(S (PP Since (NP (NP its unsuccessful bid )NP (PP for (NP BankAmerica Corp. )NP )PP (PP in (NP 1986 )NP )PP )NP , )PP (NP the bank )NP (VP has (VP undertaken (NP a major restructuring )NP (PP in (NP an effort (S (VP to (VP (VP cut (NP costs )NP )VP and (VP boost (NP performance )NP )VP )VP )VP )S )NP )PP )VP )VP , but (S (NP many industry officials )NP (VP believe (SBAR (S (NP it )NP (VP may (VP be (ADJP *UNK (PP for (NP a takeover bid )NP )PP )ADJP , (SBAR (ADVP especially )ADVP with (S (NP interstate banking )NP (VP set (S (VP to (VP begin (PP in (NP California )NP )PP (PP in (NP 1991 )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP (NP the problems )NP (PP in (NP Arizona )NP )PP )NP (VP have (ADVP only )ADVP `` (VP increased (NP our resolve (S (VP to (VP continue (S (VP to (VP make (S (NP our restructuring )NP (ADJP even more effective )ADJP )S )VP )VP )S )VP )VP )S )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (ADVP Separately )ADVP , (NP (NP Standard & Poor 's )NP Corp. )NP (VP lowered (NP (NP its ratings )NP (PP on (NP (NP Valley National Corp. 's )NP senior debt )NP )PP )NP (PP to (ADJP *UNK- )ADJP )PP (PP from (ADJP *UNK- )ADJP )PP , (S (VP affecting (NP (NP (QP about $ 300 million )QP )NP (PP of (NP long-term debt )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP S&P )NP (ADVP also )ADVP (VP lowered (NP (NP ratings )NP (PP on (NP (NP unsecured deposits and issues )NP (VP backed (PP by (NP (NP a letter )NP (PP of (NP credit )NP )PP (PP from (NP (NP (NP the bank holding company 's )NP principal unit )NP , (NP (NP Valley National Bank )NP (PP of (NP Arizona )NP )PP )NP )NP )PP )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(S (NP The ratings service )NP (VP said (SBAR (S (NP the *UNK )NP (VP reflect (NP (NP the continued slide )NP (PP in (NP (NP the company 's )NP financial condition )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A spokesman )NP (PP for (NP (ADJP Phoenix , *UNKED )ADJP Valley National , )NP )PP )NP (VP said (SBAR (S (NP the concern )NP (VP will (VP be (ADJP able (S (VP to (VP *UNK (NP (NP the current downturn )NP (PP in (NP Arizona real estate )NP )PP )NP )VP )VP )S )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Commercial paper holders )NP (VP have (VP *UNKED (NP their funds )NP )VP )VP )S (PRN , (S (NP he )NP (VP said )VP )S , )PRN and (S (NP consumer deposits )NP (VP have (VP been (ADVP up )ADVP (PP in (NP the last few days )NP )PP )VP )VP )S . )S  STOP
(S (NP *UNKC Corp. )NP (VP said (SBAR (S (NP its scientists )NP (VP isolated (NP (NP a *UNK )NP (SBAR (WHNP which )WHNP (S (VP may (VP hold (NP (NP potential )NP (PP as (NP (NP a treatment )NP (PP for (NP (NP *UNK )NP (PP of (NP the *UNK- )NP )PP , (VP ranging (PP from (NP *UNK- rejection )NP , )PP (PP to (NP *UNK and *UNK )NP )PP )VP )NP )PP )NP )PP )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNK )NP (VP is (NP (NP the *UNK version )NP (PP of (NP (NP a protein )NP (VP called (S (NP the *UNK- *UNK )NP )S )VP )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (NP (NP a *UNK )NP (SBAR (WHNP which )WHNP (S (VP directs (NP (NP the growth and function )NP (PP of (NP (NP white blood cells )NP (VP involved (PP in (NP (NP the body 's )NP immune response )NP )PP )VP )NP )PP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP The *UNKC *UNK )NP (PP on (NP (NP the surface )NP (PP of (NP such cells )NP )PP )NP )PP )NP (VP receives (NP (NP the *UNK 's )NP message (S (VP to (VP rally (NP (NP the body 's )NP defense )NP )VP )VP )S )NP )VP . )S  STOP
(S But (PP in (NP (NP certain conditions )NP (PP such as (NP (NP *UNK diseases )NP and (NP *UNK )NP and (NP *UNK rejection )NP )NP )PP )NP )PP , (NP doctors )NP (VP would (VP like (S (VP to (VP damp (NP the immune response )NP (SBAR so (S (NP such cells )NP (VP do n't (VP touch (PRT off )PRT (NP (NP *UNK *UNK reactions )NP or (NP cell destruction )NP )NP )VP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (S (NP (NP A *UNK form )NP (PP of (NP the *UNK )NP )PP )NP (VP might (VP turn (PRT off )PRT (NP (NP a specific part )NP (PP of (NP the immune response )NP )PP )NP (PP without (NP general immune *UNK )NP )PP )VP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP The *UNKC *UNK )NP (VP is (NP (NP one )NP (PP of (NP (NP five such *UNK )NP (SBAR (S (VP to (VP be (VP developed and tested (PP by (NP (NP *UNKC Corp. )NP , (NP (NP a spinoff )NP (PP of (NP *UNKC )NP )PP )NP )NP )PP , (PP through (NP a proposed (ADJP (QP $ 30 million )QP )ADJP initial public offering )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP will (VP contract (PP with (NP the spinoff )NP )PP (S (VP to (VP provide (NP (NP the research )NP , (NP development )NP and (NP (NP initial testing )NP (PP of (NP the new agents )NP )PP )NP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP will (VP have (NP the option (S (VP to (VP buy (PRT back )PRT (NP *UNKC shares )NP (PP after (NP five years )NP )PP )VP )VP )S )NP )VP )VP . )S  STOP
(S (NP The following issues )NP (VP were (ADVP recently )ADVP (VP filed (PP with (NP the Securities and Exchange Commission )NP )PP )VP )VP : )S  STOP
(NP (NP (NP Heller Financial Inc. )NP , (NP (NP an indirect subsidiary )NP (PP of (NP Fuji Bank Ltd. )NP )PP )NP , )NP (NP (NP shelf offering )NP (PP of (NP (ADJP (QP up to $ 1 billion )QP )ADJP debt securities and warrants )NP )PP )NP . )NP  STOP
(NP (NP *UNKC *UNKC Ltd. )NP , (NP (NP (NP proposed offering )NP (PP of (NP (QP five million )QP common shares )NP )PP )NP , (PP via (NP (NP Smith Barney & Co. )NP and (NP *UNKC *UNKC & Co )NP )NP )PP )NP . )NP  STOP
(NP (NP MCI Communications Corp. )NP , (NP (NP (NP shelf offering )NP (PP of (NP (NP (QP up to $ 750 million )QP )NP (PP of (NP debt securities )NP )PP )NP )PP )NP (PP via (NP (NP Merrill Lynch Capital Markets )NP , (NP Drexel Burnham Lambert Inc. )NP , (NP Goldman , Sachs & Co. )NP , and (NP Salomon Brothers Inc )NP )NP )PP )NP . )NP  STOP
(NP (NP *UNKC Inc. )NP , (NP (NP (NP offering )NP (PP of (NP (ADJP (QP $ 60 million )QP )ADJP subordinated *UNK debentures )NP )PP )NP , (PP via (NP Bear , Stearns & Co. Inc )NP )PP )NP . )NP  STOP
(NP (NP Union *UNKC Car Co. )NP , (NP (NP (NP offering )NP (PP of (NP (NP (QP $ 100 million )QP )NP (PP of (NP equipment trust certificates )NP )PP )NP )PP )NP , (PP via (NP Salomon Brothers )NP )PP )NP . )NP  STOP
(S (NP (NP Conner *UNKC Inc. )NP , (SBAR (WHNP which )WHNP (S (VP has (NP (NP a *UNKLY )NP (PP on (NP (NP a key part )NP (VP used (PP in (NP many portable computers )NP )PP )VP )NP )PP )NP )VP )S )SBAR , )NP (VP is (PP on (NP target )NP )PP (S (VP to (VP *UNK (NP Compaq Computer Corp. )NP (PP as (NP (NP the *UNKING start-up manufacturing firm )NP (PP in (NP U.S. business history )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Conner )NP (VP *UNK (NP (NP the market )NP (PP for (NP (NP *UNK- drives )NP (VP used (S (VP to (VP store (NP data )NP )VP )VP )S (PP in (NP laptop computers )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(S (NP It )NP (VP said (NP yesterday )NP (SBAR that (S (NP (NP net income )NP (PP for (NP its third quarter )NP )PP )NP (VP soared (NP 72 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 28 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 19 cents )NP (NP a share )NP )NP , )NP (PP in (NP the year-ago period )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Its revenue )NP (VP totaled (NP (NP (QP $ *UNKN million )QP )NP , (NP (NP an increase )NP (PP of (NP *UNKN % )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP (ADVP (NP a year )NP ago )ADVP )PP )NP )NP )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP the (ADJP San Jose , *UNKED )ADJP company )NP (VP said (SBAR (S (NP net income )NP (VP jumped (NP *UNK % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 69 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ 14.6 million )QP )NP , or (NP (NP 43 cents )NP (NP a share )NP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Revenue )NP (ADVP nearly )ADVP (VP tripled (PP to (NP (QP $ *UNKN million )QP )NP , )PP (PP from (NP (QP $ 160 million )QP )NP )PP )VP . )S  STOP
(S (NP Analysts )NP (VP expect (S (NP (NP Conner 's )NP earnings )NP (VP to (VP reach (NP (NP (QP roughly $ 40 million )QP )NP , or (NP (NP (QP $ 1 to $ 1.05 )QP )NP (NP a share )NP )NP , )NP (PP on (NP (NP sales )NP (PP of (NP (QP $ 650 million )QP )NP )PP )NP )PP , (PP for (NP (NP 1989 )NP , (NP (NP (NP the company 's )NP third full year )NP (PP in (NP business )NP )PP )NP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP That )NP (VP 's (NP (NP a faster growth rate )NP (SBAR than (S (VP reported (PP by (NP (NP Compaq )NP , (SBAR (WHNP which )WHNP (S (VP did n't (VP post (NP similar results )NP (PP until (NP (NP its fourth year )NP , (PP in (NP 1986 )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S But (NP Compaq )NP (VP had (VP achieved (NP (NP that level )NP (PP of (NP sales )NP )PP )NP (ADVP (ADVP faster )ADVP (PP than (NP any previous manufacturing start-up )NP )PP )ADVP )VP )VP . )S  STOP
(S (NP (NP Conner 's )NP performance )NP (VP is (ADVP closely )ADVP (VP tied (PP to (NP (NP the *UNKING demand )NP (PP for (NP (NP *UNKED computers )NP , (NP (NP the computer industry 's )NP *UNKING segment )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP Since (NP its *UNK )NP )PP , (NP Conner )NP (VP has (VP both (VP benefited (PP from )PP )VP and (VP helped (S (VP make (S (ADJP possible )ADJP )S )VP )S )VP (NP (NP the rapid spread )NP (PP of (NP portable computers )NP )PP )NP (PP by (S (VP selling (NP (NP storage devices )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP (NP (QP five to 10 times )QP less electricity )NP (PP than (NP (NP drives )NP (VP used (PP in (NP desktop machines )NP )PP )VP )NP )PP )NP )VP )S )SBAR )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP Today )NP , (NP Conner )NP (VP controls (NP (NP an estimated 90 % )NP (PP of (NP (NP the *UNK- drive market )NP (PP for (NP laptop computers )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The company )NP (VP supplies (NP drives )NP (PP (PP to (NP (NP (NP Compaq )NP and (NP *UNKC Data Systems )NP )NP , (NP (NP the top two U.S. manufacturers )NP (PP of (NP *UNK )NP )PP )NP )NP )PP , and (PP to (NP (NP (NP Toshiba Corp. )NP , (NP NEC Corp. )NP and (NP Sharp Corp. )NP )NP , (NP the leading Japanese laptop makers )NP )NP )PP )PP )VP . )S  STOP
(SINV `` (S (S (NP They )NP (VP 've (VP had (NP this field )NP (PP to (NP themselves )NP )PP (PP for (NP over a year now )NP )PP )VP )VP )S , and (S (NP they )NP (VP 've (VP been (VP (ADVP greatly )ADVP *UNKED )VP )VP )VP )S )S , '' (VP said )VP (NP (NP Bob *UNKC )NP , (NP (NP an analyst )NP (PP at (NP (NP *UNKC Inc. )NP , (NP (NP a market researcher )NP (PP in (NP (NP Los *UNKC )NP , (NP Calif )NP )NP )PP )NP )NP )PP )NP )NP . )SINV  STOP
(S (PP In (NP the coming months )NP )PP , (ADVP however )ADVP , (NP this )NP (VP is (ADJP likely (S (VP to (VP change )VP )VP )S )ADJP )VP . )S  STOP
(S (NP Next month )NP , (NP (NP *UNKC Technology )NP , (SBAR (WHNP which )WHNP (S (VP is (NP (NP the dominant supplier )NP (PP of (NP (NP *UNK- drives )NP (PP for (NP personal computers )NP )PP )NP )PP )NP )VP )S )SBAR , )NP (VP plans (S (VP to (VP introduce (NP (NP its first family )NP (PP of (NP (NP *UNK- drives )NP (PP for (NP *UNKED computers )NP )PP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S And (NP the Japanese )NP (VP are (ADJP likely (S (VP to (VP keep (ADJP close (PP on (NP (NP Conner 's )NP heels )NP )PP )ADJP )VP )VP )S )ADJP )VP . )S  STOP
(SINV `` (S (NP They )NP (VP are (VP going (S (VP to (VP catch (PRT up )PRT )VP )VP )S )VP )VP )S , '' (VP said )VP (NP (NP David *UNKC )NP , (NP (NP an analyst )NP (PP with (NP Hambrecht & Quist )NP )PP )NP )NP . )SINV  STOP
(S (S (S (NP Both Toshiba and NEC )NP (ADVP already )ADVP (VP produce (NP hard-disk drives )NP )VP )S , and (S (NP Sony )NP (ADVP also )ADVP (VP is (VP studying (NP the field )NP )VP )VP )S )S , (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S But (NP Conner )NP (VP is n't (VP standing (ADVP still )ADVP )VP )VP . )S  STOP
(S (NP Yesterday )NP , (NP the company )NP (VP introduced (NP (NP four products )NP , (NP (SBAR (WHNP (NP three )NP (PP of (WHNP which )WHNP )PP )WHNP (S (VP are (VP aimed (PP at (NP (NP a hot new class )NP (PP of (NP computers )NP )PP (VP called (S (NP *UNK )NP )S )VP )NP )PP )VP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (S (NP (NP Each )NP (PP of (NP the three drives )NP )PP )NP (VP uses (NP (NP a mere 1.5 *UNK )NP (PP of (NP power )NP )PP )NP )VP )S and (S (NP one )NP (VP *UNK (NP just 5.5 ounces )NP )VP )S . )S  STOP
(SINV `` (S (NP (NP Most )NP (PP of (NP our competitors )NP )PP )NP (VP are (VP announcing (NP (NP products )NP (VP based (PP on (NP our (PRN -LRB- older -RRB- )PRN products )NP )PP )VP )NP )VP )VP )S , '' (VP said )VP (NP (NP *UNKC Conner )NP , (NP (NP (NP chief executive officer )NP and (NP founder )NP )NP (PP of (NP (NP the firm )NP (SBAR (WHNP that )WHNP (S (VP bears (NP his name )NP )VP )S )SBAR )NP )PP )NP )NP . )SINV  STOP
(S `` (NP We )NP (VP continue (S (VP to (VP develop (NP products )NP (ADVP (ADVP faster )ADVP (SBAR than (S (NP anyone else )NP (VP can )VP )S )SBAR )ADVP )VP )VP )S )VP . '' )S  STOP
(S (S (NP These new products )NP (VP could (VP account (PP for (NP (NP (QP as much as 35 )QP % )NP (PP of (NP (NP (NP the company 's )NP business )NP (PP in (NP 1990 )NP )PP )NP )PP )NP )PP )VP )VP )S , (NP Mr. Conner )NP (VP estimated )VP . )S  STOP
(S `` (S (NP We )NP (VP 're not (ADJP afraid (PP of (S (VP *UNKING (NP (NP some )NP (PP of (NP our old stuff )NP )PP )NP (S (VP to (VP stay (PP ahead (PP of (NP the competition )NP )PP )PP )VP )VP )S )VP )S )PP )ADJP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP Conner )NP (ADVP already )ADVP (VP is (VP shipping (NP its new drives )NP )VP )VP . )S  STOP
(S (NP Last week )NP , (PP for (NP instance )NP )PP , (NP Compaq )NP (VP introduced (NP its first notebook computer )NP (S (VP to (VP *UNK (NP reviews )NP )VP )VP )S )VP . )S  STOP
(S (NP Conner )NP (VP is (VP *UNKING (NP hard-disk drives )NP (PP for (NP (NP the machine )NP , (SBAR (WHNP which )WHNP (S (VP (VP *UNK (NP (QP only six )QP pounds )NP )VP and (VP fits (PP in (NP a *UNK )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (PP From (NP its *UNK )NP )PP , (NP Conner )NP (VP has (VP targeted (NP (NP the market )NP (PP for (NP *UNKED machines )NP )PP )NP , (S (VP building (NP (NP hard-disk drives )NP (SBAR (WHNP that )WHNP (S (VP (VP are (ADJP (ADJP smaller )ADJP )ADJP )VP and (VP use (NP (NP (ADJP far less )ADJP power )NP )NP )VP (PP than (NP (NP those )NP (VP offered (PP by (NP (NP competitors )NP (PP such as (NP *UNKC )NP )PP )NP )PP )VP )NP )PP )VP )S )SBAR )NP )VP )S )VP )VP . )S  STOP
(S (NP (NP The availability )NP (PP of (NP these drives )NP )PP )NP , (PP in (NP turn )NP )PP , (VP boosted (NP (NP demand )NP (PP for (NP (NP laptop computers )NP , (SBAR (WHNP whose *UNK )WHNP (S (VP had (VP been (ADJP limited )ADJP (PP because of (NP (NP lack )NP (PP of (NP storage )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP Conner )NP (ADVP also )ADVP (VP (VP makes (NP hard-disk drives )NP (PP for (NP desktop computers )NP )PP )VP and (VP is (NP (NP a major supplier )NP (PP to (NP (NP Compaq )NP , (SBAR (WHNP which )WHNP (S (PP as (PP of (NP July )NP )PP )PP (VP owned (NP (NP 40 % )NP (PP of (NP (NP Conner 's )NP stock )NP )PP )NP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Sales )NP (PP to (NP Compaq )NP )PP )NP (VP represented (NP (NP 26 % )NP (PP of (NP (NP Conner 's )NP business )NP )PP (PP in (NP its third quarter )NP )PP , (VP compared (PP with (NP 42 % )NP (PP in (NP the year-ago period )NP )PP )PP )VP )NP )VP . )S  STOP
(S (S (VP *UNKC (ADVP over )ADVP , (NP *UNK phone services )NP )VP )S : (S (NP (NP A legal service )NP (PP with (NP a `` 900 '' number )NP )PP )NP (VP has (VP been (VP launched (PP in (NP California )NP )PP )VP )VP )VP )S . )S  STOP
(S (NP A Newport Beach law firm )NP (VP started (NP (NP the *UNK- legal service )NP , (VP called (S (NP *UNKC )NP )S )VP , )NP (S (VP using (NP (NP MCI Communication Corp. 's )NP *UNK- service )NP )VP )S )VP . )S  STOP
(S (NP *UNKC & Associates )NP (VP *UNK (NP its (ADJP $ *UNK- )ADJP service )NP (PP as (NP (NP the `` *UNK legal hour )NP (SBAR (S (NP you )NP (VP 'll (ADVP ever )ADVP (VP find )VP )VP )S )SBAR )NP )PP )VP . '' )S  STOP
(S (SBAR Though (S (NP the service )NP (VP is (ADJP available (PP (ADVP only )ADVP in (NP California )NP )PP )ADJP )VP )S )SBAR , (NP *UNKC founder Michael *UNKC )NP (VP says (SBAR (S (NP he )NP (VP plans (S (VP to (VP franchise (NP it )NP (PP in (NP other states )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP says (SBAR (S (NP his aim )NP (VP is (S (VP to (VP reach (NP (NP people )NP (SBAR (WHNP who )WHNP (S (VP (VP are (ADJP *UNK )ADJP )VP , (VP have (NP (NP no access )NP (PP to (NP transportation )NP )PP )NP )VP , (VP ca n't (VP find (NP (NP a lawyer )NP (SBAR (S (VP to (VP take (NP their case )NP )VP )VP )S )SBAR )NP )VP )VP or (VP (ADVP simply )ADVP ca n't (VP afford (NP (NP lawyers ' )NP *UNK fees )NP )VP )VP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP *UNK (SBAR that (S (NP he )NP (VP is n't (VP using (NP the telephone )NP (S (VP to (VP lure (NP clients )NP (PP to (NP his *UNK )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP We )NP (VP will (ADVP only )ADVP (VP deal (PP with (NP clients )NP )PP (PP on (NP the phone )NP )PP )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (NP We )NP (VP have (NP no *UNK- business )NP )VP . '' )S  STOP
(S (NP *UNKC )NP (VP is (ADVP apparently )ADVP (NP (NP the only telephone service )NP (SBAR (WHNP that )WHNP (S (VP offers (NP (NP the telephone equivalent )NP (PP of (NP an office visit )NP )PP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP *UNKC bar associations )NP (PP in (NP some states )NP )PP )NP (VP have (NP (NP numbers )NP (SBAR (WHNP that )WHNP (S (VP provide (NP (NP free *UNKED messages )NP (VP explaining (NP (NP certain areas )NP (PP of (NP the law )NP )PP )NP )VP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP There )NP (ADVP also )ADVP (VP are (NP (NP `` 800 '' *UNK )NP (SBAR (WHNP which )WHNP (S (VP *UNK (NP people )NP (PP to (NP (NP lawyers )NP , (NP usually *UNK- specialists )NP , )NP )PP (PP for (NP *UNK- *UNK )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP a *UNK )NP (VP reaches (NP *UNKC )NP (PP by (S (VP *UNKING (NP *UNK- )NP )VP )S )PP )VP )S )SBAR , (NP a *UNK )NP (VP *UNK (NP the call )NP (PP to (NP (NP one )NP (PP of (NP six attorneys )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP an effort (S (VP to (VP determine (SBAR whether (S (NP a *UNK )NP (VP has (NP (NP reason )NP (SBAR (S (VP to (VP *UNK )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP )S )NP )PP , (NP *UNKC lawyers )NP (VP (VP review (NP documents )NP )VP and (VP perform (NP research )NP , (SBAR if (FRAG (ADJP necessary )ADJP )FRAG )SBAR , )VP (PP with (NP (NP the help )NP (PP of (NP (NP three law *UNK )NP and (NP several support staffers )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP There )NP (VP is (NP (NP no charge )NP (PP (PP for (NP research )NP )PP -- (PP (ADVP only )ADVP for (NP (NP time )NP (PP on (NP the phone )NP )PP )NP )PP )PP )NP )VP . )S  STOP
(S (SBAR If (S (NP the matter )NP (VP requires (NP further legal work or litigation )NP )VP )S )SBAR (PRN , (NP Mr. *UNKC )NP (VP says )VP , )PRN (NP his lawyers )NP (VP may (VP *UNK (NP the client )NP (PP to (NP a law firm )NP )PP )VP )VP . )S  STOP
(S But (NP he )NP (VP says (SBAR (S (NP *UNKC & Associates )NP (VP does n't (VP receive (NP *UNK fees )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP So far )ADVP (PRN , (SINV (VP says )VP (NP Mr. Cane )NP )SINV , )PRN (NP most calls )NP (VP have (VP involved (NP (NP *UNK- problems )NP , (NP tax problems )NP , (NP *UNK )NP , and (NP *UNK questions )NP )NP )VP )VP . )S  STOP
(S (S (NP The firm )NP (VP is (VP getting (NP (NP (QP about 50 )QP calls )NP (NP a day )NP )NP )VP )VP )S , and (S (NP the average call )NP (VP *UNK (NP (QP about 15 )QP minutes )NP )VP )S . )S  STOP
(S (PP Out (PP of (NP the (ADJP $ 2 )ADJP charge )NP )PP )PP , (NP the law firm )NP (VP pockets (NP (QP about $ *UNKN )QP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP *UNKC (NP congressman )NP (PP in (NP (NP connection )NP (PP with (NP *UNKC Corp. scandal )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP A federal court jury )NP (PP in (NP New York )NP )PP )NP (VP found (S (NP (NP (NP U.S. Rep. Robert Garcia )NP (PRN -LRB- (NP (NP D. )NP , (NP N.Y . )NP )NP -RRB- )PRN )NP and (NP (NP his wife )NP , (NP *UNKC Lee Garcia )NP , )NP )NP (ADJP guilty (PP of (S (VP *UNKING (NP $ *UNKN )NP (PP from (NP *UNKC )NP )PP (PP in (NP (NP return )NP (PP for (NP (NP official acts )NP (PP by (NP the congressman )NP )PP )NP )PP )NP )PP )VP )S )PP )ADJP )S )VP . )S  STOP
(S (NP The jury )NP (ADVP also )ADVP (VP convicted (NP them )NP (PP of (NP (NP *UNK )NP (PP in (S (VP obtaining (NP a (ADJP $ 20,000 )ADJP , *UNK- loan )NP (PP from (NP a *UNKC officer )NP )PP )VP )S )PP )NP )PP )VP . )S  STOP
(S (NP The jury )NP (VP found (S (NP them )NP (ADJP guilty (PP of (NP (NP conspiracy )NP (PP in (S (VP obtaining (NP (NP the payments )NP , (NP (SBAR (WHNP (NP some )NP (PP of (WHNP which )WHNP )PP )WHNP (S (VP were (VP *UNKED (PP as (NP (NP fees )NP (PP for (NP (NP consulting services )NP (PP from (NP Mrs. Garcia )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )NP )VP )S )PP )NP )PP )ADJP )S )VP . )S  STOP
(S (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP became (VP *UNKED (PP in (NP (NP *UNK- cases )NP (SBAR (WHNP that )WHNP (S (ADVP eventually )ADVP (VP led (PP to (NP its demise )NP )PP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR , )NP (ADVP formerly )ADVP (VP was (NP a *UNKED (NAC South *UNKC , N.Y. , )NAC defense contractor )NP )VP . )S  STOP
(S (NP (NP Edward *UNKC Little )NP , (NP (NP one )NP (PP of (NP (NP the assistant U.S. attorneys )NP (SBAR (WHNP who )WHNP (S (VP *UNKED (NP the case )NP )VP )S )SBAR )NP )PP )NP , )NP (VP said (SBAR (S (NP the Garcia trial )NP `` (VP is (NP (NP the last )NP (PP of (NP the *UNKC prosecutions )NP )PP )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Mr. Little )NP (VP said (SBAR (S (NP (QP more than 20 )QP people )NP (VP have (VP been (VP convicted (PP in (NP the *UNKC cases )NP )PP , (PP including (NP (NP former U.S. Rep. Mario *UNKC )NP (PRN -LRB- (NP (NP D. )NP , (NP N.Y . )NP )NP -RRB- )PRN )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Lawyers )NP (PP for (NP the *UNKC )NP )PP )NP (VP said (SBAR (S (NP they )NP (VP plan (S (VP to (VP appeal )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Mr. Garcia )NP , (SBAR (WHNP who )WHNP (S (VP represents (NP (NP (NP New York 's )NP *UNK congressional district )NP , (SBAR (WHNP which )WHNP (S (VP includes (NP the *UNKC )NP )VP )S )SBAR )NP )VP )S )SBAR , )NP (VP said (SBAR (S (NP he )NP (VP has n't (VP decided (SBAR whether (S (NP he )NP (VP will (VP resign )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (PP In (NP the next few weeks )NP )PP , (NP I )NP (VP will (VP be (VP consulting (PP (PP with (NP my political advisers )NP )PP and (PP with (NP the Democratic leaders )NP )PP )PP (PP about (NP (NP the best way )NP (PP of (S (VP *UNKING (NP (NP the interests )NP (PP of (NP my constituents )NP )PP )NP )VP )S )PP )NP )PP )VP )VP )VP )S , '' (VP said )VP (NP (NP Mr. Garcia )NP , (ADJP (NP 56 years )NP old )ADJP )NP . )SINV  STOP
(S (NP (NP Mrs. Garcia )NP , (NP 49 )NP , )NP (ADVP formerly )ADVP (VP was (NP (NP a member )NP (PP of (NP (NP Mr. Garcia 's )NP congressional staff )NP )PP )NP )VP . )S  STOP
(S (NP The *UNKC )NP (VP were (VP cleared (PP of (NP (NP four other felony counts )NP , (VP involving (NP (NP the *UNK )NP (PP of (NP *UNK and *UNK )NP )PP )NP )VP )NP )PP )VP )VP . )S  STOP
(S (NP U.S. Judge Leonard B. *UNKC )NP (VP set (NP (NP the *UNKC ' )NP *UNKING )NP (PP for (NP Jan. 5 )NP )PP )VP . )S  STOP
(S (NP *UNKC *UNKC & *UNKC *UNKC )NP (VP are (VP leaving (S (VP to (VP form (NP a new firm )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The new firm )NP , (NP Hutton *UNKC *UNKC *UNKC *UNKC & *UNKC )NP , )NP (VP will (VP be (VP based (PP in (NP New York )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP The five partners )NP (SBAR (WHNP who )WHNP (S (VP resigned (PP from (NP *UNKC & Gould )NP )PP (NP late last week )NP )VP )S )SBAR )NP (VP are (NP (NP Tom Hutton )NP , (NP Sam *UNKC )NP , (NP Dean *UNKC )NP , (NP Daniel *UNKC )NP and (NP *UNKC *UNKC )NP )NP )VP . )S  STOP
(S (NP They )NP (VP will (VP be (VP joined (PP by (NP (NP Larry *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP resigned (PP from (NP (NP the firm )NP (PP of (NP *UNKC , *UNKC & Block )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP Howard *UNKC )NP , (NP (NP a New York *UNK )NP (SBAR (WHNP who )WHNP (S (VP represents (NP *UNKC & Gould )NP )VP )S )SBAR )NP , )NP (VP said , `` (S (NP *UNKC & Gould )NP (VP understands (SBAR (S (NP they )NP (VP 're (VP leaving (SBAR because (S (NP they )NP (VP wanted (NP (NP a different environment )NP -- (NP (NP a smaller firm )NP (SBAR (S (NP they )NP (VP would (VP be (NP (NP principals )NP (PP of )PP )NP )VP )VP )S )SBAR )NP )NP )VP )S )SBAR )VP )VP )S )SBAR )VP )S )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP (NP the five )NP , (SBAR (WHNP who )WHNP (S (VP were n't (PP on (NP (NP *UNKC & Gould 's )NP management committee )NP )PP )VP )S )SBAR , )NP `` (VP are (VP leaving (PP on (NP good terms )NP )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP said (SBAR (SBAR (S (NP *UNKC & Gould )NP (VP held (NP (NP a number )NP (PP of (NP (NP discussions )NP (PP with (NP the five partners )NP )PP )NP )PP )NP (PP during (NP the past few weeks )NP )PP (S (VP to (VP get (S (NP them )NP (VP to (VP stay )VP )VP )S )VP )VP )S )VP )S )SBAR but (SBAR that (S (NP the five )NP (VP were (ADJP firmly committed (PP to (S (VP running (NP their own firm )NP )VP )S )PP )ADJP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP Hutton *UNKC )NP (VP will (VP have (NP (NP a general corporate , securities , real-estate and litigation practice )NP , and (NP (NP a substantial practice )NP (VP serving (NP the *UNK- community )NP )VP )NP )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP (PP against (NP lawyers )NP )PP )NP (VP open (PP to (NP public )NP )PP (PP in (NP Illinois )NP )PP )VP . )S  STOP
(S (SBAR While (S (NP (NP investigations )NP (PP into (NP lawyer *UNK )NP )PP )NP (VP will (VP remain (ADJP secret )ADJP )VP )VP )S )SBAR , (NP the public )NP (VP will (VP be (VP notified (SBAR once (S (NP a formal complaint )NP (VP is (VP filed (PP against (NP an attorney )NP )PP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP The actual *UNK hearings )NP (VP will (VP be (ADJP public )ADJP )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP Illinois attorneys )NP (VP will (VP lose (NP the right (S (VP to (VP *UNK (NP (NP clients )NP (SBAR (WHNP who )WHNP (S (VP file (NP *UNK complaints )NP (PP against (NP them )NP )PP )VP )S )SBAR )NP )VP )VP )S )NP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP will (VP be (VP added (PP to (NP (NP the inquiry *UNK )NP (SBAR (WHNP that )WHNP (S (VP look (PP into (NP (NP allegations )NP (PP of (NP *UNK )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S (NP Illinois )NP (VP *UNK (NP (NP (NP 36 other states )NP (SBAR (WHNP that )WHNP (S (VP allow (NP (NP public participation )NP (PP in (NP *UNK- proceedings )NP )PP )NP )VP )S )SBAR )NP and (NP (NP 32 states )NP (SBAR (WHNP that )WHNP (S (VP open (NP *UNK hearings )NP (PP to (NP the public )NP )PP )VP )S )SBAR )NP )NP , (PP according (PP to (NP the American *UNKC Association )NP )PP )PP )VP . )S  STOP
(S (NP (NP (NP One *UNK critic )NP (PP of (NP the changes )NP )PP )NP , (NP Chicago lawyer Warren *UNKC )NP , )NP (VP says (SBAR (S (NP *UNK- )NP (VP should n't (VP be (PP on (NP the inquiry *UNK )NP )PP (SBAR because (S (NP they )NP (VP are (ADJP unlikely (S (VP to (VP appreciate (NP (NP the *UNK )NP (PP of (NP *UNK- relationships )NP )PP )NP )VP )VP )S )ADJP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP addition )NP )PP (PRN , (S (NP he )NP (VP says )VP )S )PRN , (S (VP publishing (NP (NP the names )NP (PP of (NP (NP lawyers )NP (SBAR (WHNP who )WHNP (S (VP are (VP facing (NP charges )NP )VP )VP )S )SBAR )NP )PP )NP )VP )S (ADVP *UNKLY )ADVP (VP subjects (NP them )NP (PP to (NP public *UNK )NP )PP )VP . )S  STOP
(S (ADVP Nevertheless )ADVP , (NP Mr. *UNKC )NP (VP anticipates (NP no legal action (S (VP to (VP reverse (NP (NP the Illinois Supreme Court 's )NP decision (S (VP to (VP institute (NP the changes )NP )VP )VP )S )NP )VP )VP )S )NP )VP . )S  STOP
(S `` (S (NP There )NP (VP 's (NP (NP no constitutional right )NP (VP involved (PP in (NP the rule change )NP )PP )VP )NP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (NP You )NP (VP do n't (VP have (NP a right (S (VP to (VP practice )VP )VP )S )NP )VP )VP . )S  STOP
(S (NP You )NP (ADVP only )ADVP (VP have (NP a privilege (S (VP to (VP practice )VP )VP )S )NP )VP . '' )S  STOP
(S (NP *UNKC *UNKC *UNKC Inc. )NP (VP agreed (S (VP to (VP pay (NP a (ADJP $ 50,000 )ADJP fine )NP (PP to (NP (NP Delaware )NP , (NP (NP the *UNK state )NP (SBAR (S (VP to (VP settle (PP with (NP Drexel )NP )PP (PP in (NP (NP the wake )NP (PP of (NP (NP (NP the firm 's )NP guilty plea )NP (PP to (NP federal *UNKING charges )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )NP )PP )VP )VP )S )VP . )S  STOP
(S (S (NP Drexel )NP (VP does n't (VP have (NP a Delaware office )NP )VP )VP )S , but (S (NP the New York firm )NP (VP has (VP been (VP negotiating (NP (NP settlements )NP (SBAR (WHNP that )WHNP (S (VP would (VP allow (S (NP it )NP (VP to (VP operate (ADVP freely )ADVP (ADVP nationwide )ADVP (PP despite (NP (NP its record )NP (PP as (NP an admitted *UNK )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP )VP )S . )S  STOP
(S (NP The firm )NP (VP has (VP said (SBAR (S (NP it )NP (VP expects (S (VP to (VP pay (NP $ 11.5 million )NP (ADVP overall )ADVP (S (VP to (VP settle (PP with (NP states )NP )PP )VP )VP )S )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP Drexel )NP (VP pleaded (ADJP guilty )ADJP (PP in (NP September )NP )PP (PP to (NP (NP six felony counts )NP (PP of (NP securities and mail fraud )NP )PP )NP )PP )VP )S ; (S (NP it )NP (ADVP also )ADVP (VP made (NP (NP a (ADJP (QP $ 650 million )QP )ADJP civil settlement )NP (PP with (NP the Securities and Exchange Commission )NP )PP )NP )VP )S . )S  STOP
(S (NP (NP Philip Morris Cos. )NP , (SBAR whose (WHNP Benson & *UNKC cigarette brand )WHNP (S (VP has (VP been (VP losing (NP market share )NP )VP )VP )VP )S )SBAR , )NP (VP has (VP asked (NP (QP at least one )QP other agency )NP (S (VP to (VP try (NP its hand )NP (PP at (NP (NP creative work )NP (PP for (NP (NP the big account )NP , (SBAR (WHNP which )WHNP (S (VP has (VP been (PP at (NP Wells Rich *UNKC Inc. )NP )PP (PP since (NP 1966 )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Executives )NP (ADJP close (PP to (NP Philip Morris )NP )PP )ADJP )NP (VP said (SBAR that (S (NP the tobacco and food giant )NP (VP has (VP asked (NP (NP (NP Backer Spielvogel Bates Worldwide Inc. )NP , (NP (NP a unit )NP (PP of (NP Saatchi & Saatchi Co. )NP )PP )NP , )NP and (NP possibly others )NP )NP (S (VP to (VP work (PP on (NP (NP creative ideas )NP (PP for (NP the account )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Several executives )NP (VP said (SBAR (S (NP another potential *UNK )NP (VP is (NP (NP (NP WPP Group 's )NP Ogilvy & Mather agency )NP , (SBAR (WHNP which )WHNP (S (VP works (PP on (NP some other Philip Morris products )NP )PP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Both (NP Philip Morris )NP and (NP Backer Spielvogel )NP )NP (VP declined (S (VP to (VP comment )VP )VP )S )VP . )S  STOP
(S (NP (NP A spokeswoman )NP (PP for (NP Ogilvy & Mather )NP )PP )NP (VP said (SBAR (S (NP the agency )NP (VP does n't (VP comment (PP on `` (NP idle speculation )NP )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (SINV (VP (ADVP Also )ADVP mentioned (PP as (NP a *UNK )NP )PP )VP (VP was )VP (NP *UNKC Advertising )NP )SINV , but (S (NP the company )NP (VP denied (SBAR (S (NP it )NP (VP was (VP participating )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP (NP The loss )NP (PP of (NP the cigarette account )NP )PP )NP (VP would (VP be (NP (NP a severe blow )NP (PP to (NP Wells Rich )NP )PP )NP )VP )VP . )S  STOP
(S (NP Benson & *UNKC )NP (VP has (VP been (NP (NP (NP one )NP (PP of (NP its most *UNK- campaigns )NP )PP )NP , (CONJP as well as )CONJP (NP (NP one )NP (PP of (NP its largest clients )NP )PP )NP )NP )VP )VP . )S  STOP
(S (NP The account )NP (VP *UNKED (NP (QP almost $ 60 million )QP )NP (NP last year )NP , (PP according (PP to (NP *UNKING National Advertisers )NP )PP )PP )VP . )S  STOP
(S (S But (NP Philip Morris )NP (VP has (VP scaled (ADVP back )ADVP (NP (NP ad spending )NP (PP on (NP the brand )NP )PP )NP (PP over (NP the past year )NP )PP )VP )VP )S (PRN , (S (NP industry executives )NP (VP said )VP )S , )PRN and (S (NP it )NP (ADVP now )ADVP (VP bills (NP (QP about $ 30 million to $ 40 million )QP )NP )VP )S . )S  STOP
(S (NP Industry executives )NP (VP said (SBAR (S (NP Philip Morris )NP (VP had (VP asked (NP the other agencies )NP (S (VP to (VP create (NP campaigns )NP (PP in (NP a bid (S (VP to (VP stop (NP (NP the brand 's )NP slipping market share )NP )VP )VP )S )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP According (PP to (NP (NP John Maxwell )NP , (NP (NP an analyst )NP (PP at (NP (NP Wheat First Securities )NP , (NP (NP Richmond )NP , (NP Va. )NP )NP )NP )PP )NP )NP )PP )PP , (NP Benson & *UNKC )NP (VP has (VP slipped (PP from (NP (NP 4.7 % )NP (PP of (NP the cigarette market )NP )PP )NP (PP in (NP 1985 )NP )PP )PP (PP to (NP (QP just 4.1 )QP % )NP (PP after (NP (NP the second quarter )NP (PP of (NP this year )NP )PP )NP )PP )PP )VP )VP . )S  STOP
(S (S (NP The brand )NP (VP is (NP (NP No. 7 )NP (ADVP overall )ADVP (PP in (NP the cigarette business )NP )PP )NP )VP )S , (NP Mr. Maxwell )NP (VP said )VP . )S  STOP
(S (NP The slip )NP (VP has (VP come (PP despite (NP (NP (NP *UNK- ads )NP (VP created (PP by (NP Wells Rich )NP )PP )VP )NP , (PP including (NP (NP one )NP (VP *UNKING (NP (NP (NP a young man )NP (VP *UNK (PP only in (NP *UNK *UNK )NP )PP )VP )NP (VP *UNKING (NP a *UNK *UNK )NP )VP )NP )VP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP That ad )NP (VP generated (NP (NP so much publicity )NP (SBAR that (S (NP a trade magazine )NP (VP launched (NP a contest (SBAR for (S (NP its readers )NP (VP to (VP guess (SBAR (SBAR (WHNP who )WHNP (S (NP the guy )NP (VP was )VP )S )SBAR and (SBAR (WHNP what )WHNP (S (NP he )NP (VP was (VP doing )VP )VP )S )SBAR )SBAR )VP )VP )S )SBAR )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Wells Rich )NP (ADVP first )ADVP (VP *UNKED (NP the Benson & *UNKC brand )NP (ADVP (NP (QP more than 20 )QP years )NP ago )ADVP (PP with (NP (NP ads )NP (VP *UNKING , (PP among (NP other things )NP )PP , (NP (NP an *UNK door )NP (VP closing (PP on (NP (NP a passenger 's )NP cigarette )NP )PP )VP )NP )VP )NP )PP )VP . )S  STOP
(S (NP The brand )NP (ADVP early on )ADVP (VP achieved (NP (NP an upscale appeal )NP -- (NP (NP a *UNK )NP (SBAR (WHNP that )WHNP (S (NP some analysts )NP (VP believe (SBAR (S (VP is (ADJP (ADVP partly )ADVP responsible (PP for (NP its *UNK performance )NP )PP )ADJP )VP )S )SBAR )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (NP (NP Philip Morris )NP , (VP trying (S (VP to (VP revive (NP the Benson & *UNKC franchise )NP )VP )VP )S )VP , )NP (VP put (NP the account )NP (PP up (PP for (NP review )NP )PP )PP (PP in (NP 1986 )NP )PP )VP . )S  STOP
(S (NP Wells Rich Greene )NP , (ADVP however )ADVP , (PP in (NP (NP an effort )NP (VP directed (PP by (NP Mary Wells Lawrence )NP )PP )VP )NP , )PP (VP (VP emerged (NP (NP the *UNK )NP (PP of (NP the review )NP )PP )NP )VP and (VP retained (NP the business )NP )VP )VP . )S  STOP
(S (NP (NP Kenneth *UNKC )NP , (NP (NP Wells Rich 's )NP chairman )NP , )NP (VP did n't (VP return (NP (NP phone calls )NP (VP seeking (NP comment )NP )VP )NP )VP )VP . )S  STOP
(S (SBAR While (S (NP Wells Rich )NP (ADVP recently )ADVP (VP picked (PRT up )PRT (NP (NP *UNKC Corp. 's )NP (ADJP (QP $ 25 million to $ 30 million )QP )ADJP account )NP )VP )S )SBAR , (NP it )NP (VP has (VP lost (NP (NP a number )NP (PP of (NP big accounts )NP )PP )NP (NP this year )NP , (PP including (NP (NP the (ADJP (QP $ 20 million to $ 25 million )QP )ADJP *UNKC Canada *UNKC and *UNKC accounts )NP , (NP the (ADJP (QP $ 18 million )QP )ADJP Procter & Gamble Co . *UNKC *UNK account )NP and (NP the (ADJP $ (QP 10 million )QP )ADJP *UNKC *UNKC business )NP )NP )PP )VP )VP . )S  STOP
(S (NP Its *UNK )NP (VP include (NP (NP (NP (QP more than $ 30 million )QP )NP (PP in (NP Sheraton Corp. business )NP )PP )NP and (NP (NP an *UNK )NP (PP from (NP Dun & Bradstreet )NP )PP (ADJP worth (NP (QP $ 5 million to $ 10 million )QP )NP )ADJP )NP )NP )VP . )S  STOP
(S (NP This city )NP (VP is (VP *UNKING (PP for (NP gridlock )NP )PP (NP today )NP (SBAR as (S (NP (NP hundreds )NP (PP of (NP (NP thousands )NP (PP of (NP commuters )NP )PP )NP )PP )NP (VP avoid (NP (NP travel routes )NP (VP *UNKED (PP by (NP (NP last week 's )NP earthquake )NP )PP )VP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP (NP damage )NP (PP in (NP the *UNK- San Francisco Bay area )NP )PP )NP )PP )NP (VP *UNKED (NP (QP $ 5 billion )QP )NP , (PP excluding (NP (NP the cost )NP (PP of (S (VP *UNKING (NP (NP the region 's )NP transportation system )NP )VP )S )PP )NP )PP )VP . )S  STOP
(S (NP (NP The Bay Bridge )NP , (NP (NP the main artery )NP (PP into (NP San Francisco )NP )PP (PP from (NP the east )NP )PP )NP , )NP (VP will (VP be (VP closed (PP for (NP (QP at least several )QP weeks )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP Part )NP (PP of (NP the bridge )NP )PP )NP (VP collapsed (PP in (NP (NP the quake )NP , (SBAR (WHNP which )WHNP (S (VP registered (NP (NP 6.9 )NP (PP on (NP the Richter scale )NP )PP )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The bridge )NP (ADVP normally )ADVP (VP carries (NP (NP 250,000 commuters )NP (NP a day )NP )NP )VP . )S  STOP
(S (ADVP Also )ADVP , (NP (NP most )NP (PP of (NP (NP the *UNK )NP (VP *UNKING (NP the city )NP (PP to (NP (NP (NP its main link )NP (PP to (NP the south )NP )PP )NP , (NP the 101 freeway )NP , )NP )PP )VP )NP )PP )NP (VP have (VP been (VP closed (PP for (NP repairs )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP The Bay Area *UNKC *UNKC system )NP , (SBAR (WHNP which )WHNP (S (VP runs (NP *UNK *UNK )NP (PP *UNK (NP the bay )NP )PP )VP )S )SBAR , )NP (VP is (VP *UNKED (PP for (NP (NP a doubling )NP (PP of (NP its daily regular *UNK )NP )PP (PP to (NP *UNKN )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP has (VP increased (NP service )NP (PP to (NP (NP 24 hours )NP (NP a day )NP )NP )PP (PP in (NP (NP *UNK )NP (PP for (NP the *UNK )NP )PP )NP )PP )VP )VP . )S  STOP
(SINV (ADJP Most unusual )ADJP (VP will (VP be )VP )VP (NP (NP *UNK- commuters )NP (PP from (NP (NP the East Bay *UNK )NP (PP of (NP Oakland and Berkeley )NP )PP )NP )PP )NP . )SINV  STOP
(S (PP For (NP (NP the first time )NP (PP in (NP 32 years )NP )PP )NP )PP , (NP *UNK service )NP (VP has (VP been (VP restored (PP between (NP (NP the East Bay )NP and (NP San Francisco )NP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP The Red and White *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP operates (NP (NP (NP regular *UNK *UNK service )NP (PP to and from (NP *UNKC County )NP )PP )NP , and (NP (NP tourist *UNK )NP (PP of (NP the bay )NP )PP )NP , )NP )VP )S )SBAR )NP (VP is (VP offering (NP East Bay commuters )NP (NP a chance (S (VP to (VP ride (NP the waves )NP )VP )VP (PP for (NP (NP the price )NP (PP of (NP (NP $ 10 )NP (NP *UNK- )NP )NP )PP )NP )PP )S )NP )VP )VP . )S  STOP
(S (NP That *UNK )NP (VP is (ADJP too stiff )ADJP (PP for (NP some Financial District wage *UNK )NP )PP )VP . )S  STOP
(SINV `` (S (NP I )NP (VP 'll (VP stay (PP with (NP BART )NP )PP )VP )VP )S , '' (VP said )VP (NP (NP one secretary )NP )NP , (S (VP *UNKING (NP (NP her fears )NP (PP about (S (VP using (NP the *UNK tube )NP )VP )S )PP )NP )VP )S . )SINV  STOP
(S (NP Officials )NP (VP expect (S (NP the Golden Gate Bridge )NP (VP to (VP be (VP *UNKED (PP with (NP (NP an extra load )NP (PP of (NP commuters )NP )PP )NP )PP , (PP including (NP (NP East Bay residents )NP (VP making (NP a long *UNK )NP )VP )NP )PP )VP )VP )VP )S )VP . )S  STOP
(SINV `` (S (NP We )NP (VP 're (VP *UNKING (NP quite a traffic crunch )NP )VP )VP )S , '' (VP said )VP (NP one official )NP . )SINV  STOP
(S (NP (QP About *UNKN )QP people )NP (ADVP typically )ADVP (VP travel (PP over (NP the Golden Gate Bridge )NP )PP (PP during (NP commute hours )NP )PP )VP . )S  STOP
(S (NP (QP About *UNKN )QP vehicles )NP (VP cross (PP during (NP a *UNK- period )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP (VP canceled (PP (PP by (NP (NP Apple Computer Inc. 's )NP European sales force )NP )PP and (PP by (NP other groups )NP )PP )PP )VP )NP (VP raised (NP (NP the *UNK )NP (PP of (NP empty hotel rooms and restaurants )NP )PP )NP )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP raised (NP (NP *UNK )NP (PP of (NP (NP the city 's )NP tourism *UNK )NP )PP )NP )VP . )S  STOP
(SINV `` (S (NP Other cities )NP (VP are (VP (VP calling -LCB- (NP (NP groups )NP (VP *UNKED (ADVP here )ADVP (PP for (NP *UNK and *UNK )NP )PP )VP )NP -RCB- )VP and (PRN -- (S not (VP to (VP be (ADJP *UNK )ADJP )VP )VP )S -- )PRN (VP *UNKING (NP our *UNKING list )NP )VP )VP )VP )S , '' (VP said )VP (NP (NP Scott *UNKC )NP , (NP (NP a spokesman )NP (PP for (NP Mayor Art Agnos )NP )PP )NP )NP . )SINV  STOP
(S (NP City officials )NP (VP stuck (PRT by )PRT (NP (NP their estimate )NP (PP of (NP (NP (QP $ 2 billion )QP )NP (PP in (NP (NP damage )NP (PP to (NP the *UNKED city )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The other five Bay area *UNK )NP (VP have (VP increased (NP their total damage estimates )NP (PP to (NP (QP $ 2.8 billion )QP )NP )PP )VP )VP . )S  STOP
(S (NP All estimates )NP (VP exclude (NP (NP highway repair )NP , (SBAR (WHNP which )WHNP (S (VP could (VP exceed (NP (QP $ 1 billion )QP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(SINV (PP Among (NP the expensive *UNK )NP )PP (VP are )VP (NP (NP *UNK )NP (PP of (NP *UNKED freeway )NP )PP (PP in (NP San Francisco )NP )PP (SBAR (WHNP that )WHNP (S (VP were (VP closed (PP because of (NP *UNKED damage )NP )PP )VP )VP )S )SBAR )NP . )SINV  STOP
(S (NP The most *UNK stretch )NP (VP is (NP (NP 1.2 miles )NP (PP of (NP (NP *UNK highway )NP (VP known (PP as (NP the *UNKC *UNKC )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(S (SBAR Until (S (NP it )NP (VP was (VP closed (NP Tuesday )NP )VP )VP )S )SBAR , (NP it )NP (VP had (VP provided (NP (NP the *UNK series )NP (PP of (NP *UNK )NP )PP (PP for (NP (NP commuters )NP (PP from (NP the Bay Bridge )NP )PP (VP heading (PP into (NP the Financial District )NP )PP )VP )NP )PP )NP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP say (SBAR (S (NP it )NP (VP will (VP take (NP (QP at least eight )QP months )NP (S (VP to (VP repair (NP the *UNKC structure )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP As (NP (NP part )NP (PP of (NP the quake recovery effort )NP )PP )NP )PP , (NP the city Building Department )NP (VP has (VP surveyed (NP (QP about 3,000 )QP buildings )NP , (PP including (NP (NP all )NP (PP of (NP (NP the Financial District 's )NP *UNK- )NP )PP )NP )PP )VP )VP . )S  STOP
(SINV (S (NP (NP The preliminary conclusion )NP (PP from (NP (NP a survey )NP (PP of (NP 200 downtown *UNK- )NP )PP )NP )PP )NP (VP is (SBAR that `` (S (NP we )NP (VP were (ADJP *UNKLY lucky )ADJP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP Lawrence *UNKC )NP , (NP (NP San Francisco 's )NP chief building *UNK )NP )NP . )SINV  STOP
(S (SBAR While (S (NP (NP many )NP (PP of (NP these buildings )NP )PP )NP (VP sustained (NP heavy damage )NP )VP )S )SBAR , (NP (NP little )NP (PP of (NP that )NP )PP )NP (VP involved (NP major structural damage )NP )VP . )S  STOP
(S (NP City building *UNK )NP (VP require (NP (NP construction )NP (SBAR (WHNP that )WHNP (S (VP can (VP resist (NP *UNK )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (NP England )NP )PP , (NP (NP Martin *UNKC )NP , (NP (NP a spokesman )NP (PP for (NP (NP Lloyd 's )NP (PP of (NP London )NP )PP )NP )PP )NP )NP , (VP said (SBAR (S (NP the insurance market )NP (VP has n't (ADVP yet )ADVP (VP been (ADJP able (S (VP to (VP estimate (NP (NP the total potential claims )NP (PP from (NP the disaster )NP )PP )NP )VP )VP )S )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP (NP The extent )NP (PP of (NP the claims )NP )PP )NP (VP wo n't (VP be (VP known (PP for (NP some time )NP )PP )VP )VP )VP )S , '' (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (PP On (NP Friday )NP )PP , (PP during (NP (NP a visit )NP (PP to (NP California )NP )PP (SBAR (S (VP to (VP survey (NP quake damage )NP )VP )VP )S )SBAR )NP )PP , (NP President Bush )NP (VP promised (S (VP to `` (VP meet (NP (NP the federal government 's )NP obligation '' (S (VP to (VP assist (NP relief efforts )NP )VP )VP )S )NP )VP )VP )S )VP . )S  STOP
(S (NP California officials )NP (VP plan (S (VP to (VP ask (NP Congress )NP (PP for (NP (NP (QP $ 3 billion or more )QP )NP (PP of (NP federal aid )NP )PP , (PP in (NP (NP the form )NP (PP of (NP (NP grants )NP and (NP *UNK- loans )NP )NP )PP )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The state )NP (VP (VP has (NP a (ADJP (QP $ 1 billion )QP )ADJP reserve )NP )VP , and (VP is (VP expected (S (VP to (VP add (NP (QP $ 1 billion )QP )NP (PP to (NP that fund )NP )PP (PP in (NP the next year )NP )PP )VP )VP )S )VP )VP )VP . )S  STOP
(S (S (NP (NP Some )NP (PP of (NP that money )NP )PP )NP (VP will (VP be (ADJP available (PP for (NP (NP highway repair )NP and (NP special emergency aid )NP )NP )PP )ADJP )VP )VP )S , but (S (NP (NP members )NP (PP of (NP the legislature )NP )PP )NP (VP are (ADVP also )ADVP (VP *UNKING (PRT over )PRT (NP (NP a temporary state gasoline tax )NP (SBAR (S (VP to (VP raise (NP (NP money )NP (PP for (NP earthquake relief )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP )S . )S  STOP
(S (ADVP However )ADVP , (NP state initiatives )NP (VP restrict (NP (NP the ability )NP (PP of (NP the legislature )NP )PP (S (VP to (VP raise (NP such taxes )NP )VP )VP )S )NP (SBAR unless (S (NP the voters )NP (VP approve (PP in (NP a *UNK *UNK )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP G. Christian Hill )NP and (NP *UNKC Wells )NP )NP (VP contributed (PP to (NP this article )NP )PP )VP . )S  STOP
(S (NP Bond Corp . Holdings Ltd. )NP (VP posted (NP (NP a loss )NP (PP for (NP fiscal 1989 )NP )PP (PP of (NP (NP (NP (QP *UNKN million )QP Australian dollars )NP (PRN -LRB- (NP (QP US$ *UNKN million )QP )NP -RRB- )PRN )NP , (NP (NP the largest )NP (PP in (NP Australian corporate history )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (NP That loss )NP (VP compared (PP with (NP (NP a year-earlier profit )NP (PP of (NP (QP A$ *UNKN million )QP )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP (NP preliminary , *UNKED results )NP (VP reported (NP Friday )NP )VP )NP )PP , (NP Bond Corp. )NP (ADVP also )ADVP (VP posted (NP (NP an operating loss )NP (PP of (NP (NP (QP A$ *UNKN million )QP )NP (PP for (NP (NP the year )NP (VP ended (NP June 30 )NP )VP )NP )PP , (PP compared (PP with (NP (NP operating profit )NP (PP of (NP (NP (QP A$ *UNKN million )QP )NP (ADVP (NP a year )NP earlier )ADVP )NP )PP )NP )PP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Operating revenue )NP (VP rose (NP 69 % )NP (PP to (NP (QP A$ *UNKN billion )QP )NP )PP (PP from (NP (QP A$ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S But (NP the net interest bill )NP (VP jumped (NP 85 % )NP (PP to (NP (QP A$ *UNKN million )QP )NP )PP (PP from (NP (QP A$ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP Bond Corp. )NP (VP has (NP (NP interests )NP (PP in (NP (NP brewing )NP , (NP media and communications )NP , (NP natural resources )NP and (NP property )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Much )NP (PP of (NP (NP Bond Corp. 's )NP losses )NP )PP )NP (VP stemmed (PP from (NP (NP one-time write-downs )NP (PP of (NP (NP the value )NP (PP of (NP (NP some )NP (PP of (NP (NP (NP Bond Corp. 's )NP assets )NP and (NP (NP those )NP (PP of (NP its units )NP )PP )NP )NP )PP )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP The results )NP (VP included (NP (NP (NP a (ADJP (QP A$ *UNKN million )QP )ADJP write-off )NP (PP of (NP future income-tax benefits )NP )PP )NP and (NP (NP a provision )NP (PP for (NP (NP a loss )NP (PP of (NP (QP A$ *UNKN million )QP )NP )PP (PP on (NP (NP the sale )NP (PP of (NP (NP a stake )NP (PP of (NP (QP about 20 )QP % )NP )PP (PP in (NP *UNKC PLC )NP )PP )NP )PP )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (ADVP However )ADVP , (NP Bond Corp. )NP (VP said (SBAR (S (NP the tax benefits )NP (VP (VP remain (ADJP available )ADJP )VP and (VP might (VP be (VP used (ADVP later )ADVP )VP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Earnings )NP (PP before (NP interest and tax )NP )PP (PP from (NP brewing )NP )PP )NP (VP *UNKED (NP 50 % )NP (PP to (NP (QP A$ *UNKN million )QP )NP )PP (PP from (NP (QP A$ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (S (NP (NP the general financial performance )NP (PP of (NP (NP its U.S. brewing operations )NP , (NP G. *UNKC Brewing Co. )NP , )NP )PP )NP (VP was `` (ADJP disappointing )ADJP )VP )S , and (S (NP this )NP (VP has (VP been (VP reflected (PP in (NP the results )NP )PP )VP )VP )VP )S )S )SBAR )VP . '' )S  STOP
(S (NP (NP Bond Corp. 's )NP shares )NP (VP closed (NP Friday )NP (PP before (NP (NP news )NP (PP of (NP (NP the results )NP (PP at (NP (NP 28 Australian cents )NP (NP a share )NP , )NP )PP (ADVP up (NP one Australian cent )NP )ADVP )NP )PP )NP )PP )VP . )S  STOP
(S (NP The *UNKING losses )NP (VP cap (NP (NP a *UNK year )NP (PP for (NP (NP Alan Bond )NP and (NP (NP his flagship )NP , (NP Bond Corp )NP )NP )NP )PP )NP )VP . )S  STOP
(S (ADVP (NP Only a year )NP ago )ADVP , (NP (NP the chairman )NP (PP of (NP Bond Corp. )NP )PP , (SBAR (WHNP who )WHNP (S (VP controls (NP (NP (QP about 58 )QP % )NP (PP of (NP the company )NP )PP )NP )VP )S )SBAR , )NP (VP appeared (S (VP to (VP be (VP building (NP a war *UNK )NP (S (VP to (VP attack (NP some big companies )NP )VP )VP )S )VP )VP )VP )S )VP . )S  STOP
(S (ADVP Now )ADVP (NP Bond Corp. )NP (VP has (VP agreed (S (VP to (VP sell (NP (QP at least half )QP its Australian brewing assets )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP It )NP (VP (VP has (VP sold (NP (NP billions )NP (PP of (NP (NP dollars )NP (PP of (NP other assets )NP )PP )NP )PP )NP )VP )VP and (VP has (NP (NP more )NP (PP on (NP the block )NP )PP )NP )VP )VP . )S  STOP
(S But (PP in (NP a TV interview )NP )PP (NP Sunday )NP (NP Mr. Bond )NP (VP said , `` (S (NP We )NP (VP 've (VP taken (NP a big loss )NP )VP )VP )S )VP . )S  STOP
(S (NP We )NP (VP 've (VP taken (NP it )NP (PP on (NP the *UNK )NP )PP )VP )VP . )S  STOP
(S But (S (NP we )NP (VP 're (ADVP out there )ADVP )VP )S and (S (NP we )NP (VP 're (VP going (S (VP to (VP stay (PP in (NP business )NP )PP )VP )VP )S )VP )VP )S . )S  STOP
(S (NP Bond Corp. )NP (VP signaled (SBAR (S (NP it )NP (VP will (VP focus (PP on (S (VP building (NP its (ADJP domestic and international )ADJP media and communications businesses )NP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP said (SBAR (S (NP it )NP (VP will (VP look (PP at (NP (NP opportunities )NP (PP in (NP brewing , property and energy resources )NP )PP )NP )PP (PP to (NP (NP the extent )NP (ADJP consistent (PP with (NP (NP the dominant *UNK )NP (PP of (NP *UNK *UNK- *UNK )NP )PP )NP )PP )ADJP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The result )NP `` (VP will (ADVP ultimately )ADVP (VP be (NP (NP a (ADJP very different )ADJP group )NP (PP in (NP size and structure )NP )PP )NP )VP )VP )S , '' (NP Bond Corp. directors )NP (VP said (PP in (NP a statement )NP )PP )VP . )S  STOP
(S (S (NP Some analysts )NP (VP contend (SBAR (S (NP the total *UNK )NP (VP should (VP have (VP been (ADJP much greater )ADJP )VP )VP )VP )S )SBAR )VP )S , and (S (NP (NP Bond Corp. 's )NP *UNK )NP (VP cited (NP (NP a list )NP (PP of (NP (NP several assets and deals )NP (SBAR (WHPP about (WHNP which )WHNP )WHPP (S (NP there )NP (VP is (NP `` (NP uncertainty )NP '' (VP regarding (NP (NP the current value )NP and (NP (NP potential impact )NP (PP on (NP the firm )NP )PP )NP )NP )VP )NP )VP )S )SBAR )NP )PP )NP )VP )S . )S  STOP
(S (NP Bond Corp. )NP (VP said (SBAR (S (NP the acknowledged losses )NP (VP mean (SBAR (S (NP net asset backing )NP (VP is (PP in (NP the red )NP )PP (PP to (NP (NP the *UNK )NP (PP of (NP (NP 53 Australian cents )NP (NP a share )NP )NP )PP )NP )PP , (PP vs. (NP (NP positive asset backing )NP (PP of (NP (NP A$ *UNKN )NP (NP a share )NP (ADVP (NP a year )NP ago )ADVP )NP )PP )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (ADVP Still )ADVP (PRN , (S (NP the directors )NP (VP said )VP )S , )PRN `` (S (VP Having (VP (ADVP fully )ADVP considered (NP (NP (NP all aspects )NP (PP of (NP (NP (NP the company 's )NP state )NP (PP of (NP affairs )NP )PP )NP )PP )NP and (NP future cash flows )NP )NP )VP )VP )S , (NP the directors )NP (VP confirm (ADVP absolutely )ADVP (SBAR that (S (NP the company )NP (VP is (ADJP *UNK )ADJP )VP )S )SBAR )VP . '' )S  STOP
(S (ADVP Indeed )ADVP , (PP in (NP (NP a note )NP (PP to (NP the results )NP )PP )NP )PP , (NP directors )NP (VP said (SBAR (S (SBAR if (S (NP (NP the `` true worth '' )NP (PP of (NP (NP some )NP (PP of (NP (NP the group 's )NP assets )NP )PP )NP )PP )NP (VP were (VP taken (PP into (NP account )NP )PP (PP instead of (S (VP using (NP book values )NP )VP )S )PP )VP )VP )S )SBAR , (NP (NP the negative net asset )NP (VP backing (NP a share )NP )VP )NP (VP would (VP turn (PP into (NP `` a substantial positive '' one )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNKC *UNKC )NP (VP went (PP out (PP of (NP business )NP )PP )PP (NP last May )NP )VP . )S  STOP
(S (NP The reason )NP (VP was not (NP high interest rates or labor costs )NP )VP . )S  STOP
(SINV Nor was (NP there )NP (NP (NP a shortage )NP (PP of (NP customers )NP )PP (PP in (NP (NP the area )NP , (NP (NP the residential *UNKC section )NP (PP of (NP northern Manhattan )NP )PP )NP )NP )PP )NP . )SINV  STOP
(S (NP The business )NP (VP closed (SBAR (WHADVP when )WHADVP (S (NP the owner )NP (VP was (VP *UNKED (PP by (NP *UNK )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The owner )NP (VP was (NP (NP Israel *UNKC )NP , (NP (NP a *UNK- entrepreneur )NP and (NP (NP father )NP (PP of (NP two )NP )PP )NP )NP )NP )VP . )S  STOP
(S (PP In (NP (NP his first year )NP (PP of (S (VP operating (NP (NP the store )NP (SBAR (S (NP he )NP (VP bought (PP for (NP $ *UNKN )NP )PP )VP )S )SBAR )NP )VP )S )PP )NP )PP , (NP Mr. *UNKC )NP (VP was (VP *UNKED (NP (QP at least )QP twice )NP (PP at (NP *UNK )NP )PP )VP )VP . )S  STOP
(S (NP The first time )NP (NP he )NP (VP was (VP shot (PP in (NP the hand )NP )PP (SBAR as (S (NP he )NP (VP *UNKED (NP the *UNK )NP (ADVP outside )ADVP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The second time )NP (NP he )NP (VP identified (NP (NP two *UNK )NP , (SBAR (WHNP who )WHNP (S (VP were (VP arrested and charged )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP (NP Two weeks )NP later )ADVP (PRN -- (PP perhaps in (NP *UNK )NP )PP -- )PRN (NP Mr. *UNKC )NP (VP was (VP shot (NP three times )NP (PP in (NP the back )NP )PP , (PP during (SBAR (WHNP what )WHNP (S (NP police )NP (VP classified (PP as (NP a third *UNK attempt )NP )PP )VP )S )SBAR )PP )VP )VP . )S  STOP
(S (NP That )NP (VP was (NP (NP his reward )NP (PP for (S (VP working (PP until (NP (NP 11 p.m. )NP )NP )PP (NP (NP seven days )NP (NP a week )NP )NP (S (VP to (VP cover (NP his (NAC (NP $ 3,000 )NP (ADVP a month )ADVP )NAC rent )NP )VP )VP )S )VP )S )PP )NP )VP . )S  STOP
(PP For (S (VP providing (SBAR (WHNP what )WHNP (S (NP his customers )NP (VP described (PP as (NP (ADJP very personal and *UNK )ADJP )NP service )PP )VP )S )SBAR )VP )S . )PP  STOP
(PP For (S (VP creating (NP (NP a focus )NP (PP for (NP neighborhood life )NP )PP )NP )VP )S . )PP  STOP
(S (NP Israel *UNKC )NP (VP is (NP (NP only one )NP (PP of (NP (NP the thousands )NP (PP of (NP (NP entrepreneurs )NP and (NP their employees )NP )NP )PP (SBAR (WHNP who )WHNP (S (VP will (VP be (VP injured or killed (PP by (NP crime )NP )PP (NP this year )NP )VP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP (NP The U.S. Bureau )NP (PP of (NP Justice Statistics )NP )PP )NP (VP reports (SBAR that (S (NP (NP (QP almost 2 )QP % )NP (PP of (NP all *UNK- workers )NP )PP )NP (VP suffer (NP (NP injuries )NP (PP from (NP crime )NP )PP )NP (NP each year )NP , (NP (NP (QP almost twice )QP the national average )NP and (NP (NP (QP about four times )QP the rate )NP (PP for (NP (NP teachers )NP , (NP truck drivers )NP , (NP medical workers )NP and (NP *UNK- salespeople )NP )NP )PP )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Only a few other *UNK )NP )NP (VP have (NP (NP higher reported rates )NP (PP of (NP criminal injury )NP )PP )NP , (PP such as (NP (NP police )NP , (NP *UNK )NP and (NP *UNK drivers )NP )NP )PP )VP . )S  STOP
(S (ADVP Yet )ADVP (NP these figures )NP (VP show (NP (NP only the (ADJP most visible )ADJP part )NP (PP of (NP the problem )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC data )NP (PP from (NP New York City )NP )PP )NP (VP provide (NP (NP more )NP (PP of (NP the picture )NP )PP )NP )VP . )S  STOP
(S (SBAR While (FRAG (PP by (NP no means )NP )PP (NP (NP the highest crime community )NP (PP in (NP the country )NP )PP )NP )FRAG )SBAR , (NP New York )NP (VP is (NP (NP a prime example )NP (PP of (NP (NP a city )NP (SBAR (WHADVP where )WHADVP (S (NP crime )NP (VP *UNK (NP small-business development )NP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP (NP A survey )NP (PP of (NP (NP small businesses )NP (NP there )NP )NP )PP )NP (VP was (VP conducted (NP this spring )NP (PP by (NP (NP *UNKC )NP , (NP a policy research organization )NP )NP )PP )VP )VP . )S  STOP
(S (NP It )NP (VP (VP gave (NP *UNKN businesses )NP (NP a *UNK )NP )VP and (VP *UNKED (NP *UNKN responses )NP )VP )VP . )S  STOP
(S (NP The survey )NP (VP found (SBAR that (S (PP over (NP a three-year period )NP )PP (NP (NP 22 % )NP (PP of (NP the firms )NP )PP )NP (VP said (SBAR (S (NP employees or owners )NP (VP had (VP been (VP *UNKED (UCP (PP on (NP (NP their way )NP (PP to or from (NP work )NP )PP )NP )PP or (SBAR while (FRAG (PP on (NP the job )NP )PP )FRAG )SBAR )UCP )VP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC percent )NP (VP reported (S (NP their customers )NP (VP being (VP *UNKED )VP )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (VP was (NP the reason (SBAR (SBAR that (S (NP 26 % )NP (VP reported (NP (NP difficulty )NP (S (VP recruiting (NP personnel )NP )VP )S )NP )VP )S )SBAR and (SBAR that (S (NP 19 % )NP (VP said (SBAR (S (NP they )NP (VP were (VP considering (NP moving )NP )VP )VP )S )SBAR )VP )S )SBAR )SBAR )NP )VP . )S  STOP
(S (NP (NP (QP More than (NP one-third )NP )QP )NP (PP of (NP the responding businesses )NP )PP )NP (VP said (SBAR (S (NP they )NP (VP suffer (PP from (NP (NP (NP drug dealing )NP and (NP *UNKING )NP )NP (PP near (NP their *UNK )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP Brooklyn )NP and (NP the *UNKC )NP )NP )PP , (NP (QP one out of four )QP commercial firms )NP (VP is (VP *UNKED (NP each year )NP )VP )VP . )S  STOP
(S (NP Industrial neighborhoods )NP (VP fare (ADVP even worse )ADVP , (SBAR with (S (NP *UNK rates )NP (ADJP twice (NP the *UNK average )NP )ADJP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP is (ADVP clearly )ADVP (ADJP (ADJP (ADJP more *UNKLY )ADJP (PP to (NP *UNK- *UNK )NP )PP )ADJP (PP than (PP to (NP big businesses )NP )PP )PP )ADJP )VP . )S  STOP
(S (ADVP (NP Two decades )NP ago )ADVP , (NP the Small Business Administration )NP (VP reported (NP (NP (NP Yale Prof. Albert *UNKC 's )NP *UNK study )NP (PP of (NP (NP crime )NP (PP against (NP 2,500 small businesses )NP )PP )NP )PP (VP drawn (PP from (NP national IRS records )NP )PP )VP )NP )VP . )S  STOP
(S (NP He )NP (VP found (SBAR that (S (NP monetary crime losses )NP , (PP as (NP (NP a proportion )NP (PP of (NP gross receipts )NP )PP )NP )PP , (VP were (ADJP (ADJP (ADJP (QP 37 times )QP higher )ADJP (PP for (NP small businesses )NP )PP )ADJP (PP than (PP for (NP large ones )NP )PP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP The New York study 's )NP companies )NP (VP averaged (NP 27 employees )NP )VP )S ; (S (NP their annual crime losses )NP (VP averaged (NP (QP about $ 15,000 )QP )NP , (PP with (NP (NP (NP an additional (ADJP $ *UNKN )ADJP annual cost )NP (PP in (NP security )NP )PP )NP -- (NP enough money (S (VP to (VP hire (NP (QP at least one more )QP worker )NP )VP )VP )S )NP )NP )PP )VP )S . )S  STOP
(S (NP (NP The costs )NP (PP of (NP crime )NP )PP )NP (VP may (ADVP also )ADVP (VP be (ADJP enough (S (VP to (VP destroy (NP a struggling business )NP )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (SBAR Whatever (FRAG (NP the monetary crime losses )NP )FRAG )SBAR , (NP they )NP (VP may not (VP be (ADJP (ADJP (ADJP nearly as important )ADJP (PP to (NP entrepreneurs )NP )PP )ADJP (PP as (NP (NP the risk )NP (PP of (NP personal injury )NP )PP )NP )PP )ADJP )VP )VP . )S  STOP
(S (PP After (NP repeated *UNK *UNK )NP )PP , (NP some entrepreneurs )NP (VP may (VP give (PRT up )PRT (NP a business )NP (PP out (PP of (NP (NP fear )NP (PP for (NP their lives )NP )PP )NP )PP )PP )VP )VP . )S  STOP
(S (NP One Washington couple )NP (ADVP recently )ADVP (VP sold (NP their liquor store )NP (PP after (NP (NP 34 years )NP (PP in (NP business )NP )PP (SBAR (WHNP that )WHNP (S (VP included (NP (NP four *UNK deaths )NP and (NP (NP 16 *UNK or *UNK )NP (PP on (NP the *UNK )NP )PP )NP )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP These findings )NP (VP illustrate (NP (NP the *UNK cycle )NP (SBAR (WHNP that )WHNP (S (NP (NP (NAC National Institute (PP of (NP Justice )NP )PP )NAC Director James K. Stewart )NP )NP (VP calls (S `` (NP crime causing poverty )NP )S )VP )S )SBAR )NP )VP . '' )S  STOP
(S (NP *UNKC neighborhoods )NP (VP (VP offer (NP (ADJP relatively few )ADJP employment opportunities )NP )VP , (S (VP contributing (PP to (NP (NP the poverty )NP (PP of (NP local residents )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (NP Small neighborhood businesses )NP (VP could (VP provide (NP more jobs )NP , (SBAR if (S (NP crime )NP (VP were not (ADJP (ADJP so *UNK )ADJP (PP to (S (VP creating and maintaining (NP those businesses )NP )VP )S )PP )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP This )NP (VP may (VP help (S (VP explain (SBAR (WHADVP why )WHADVP (S (NP small businesses )NP (VP create (NP (NP (NP 65 % )NP (PP of (NP (NP all jobs )NP (ADVP nationally )ADVP )NP )PP )NP , but (NP (NP only 22 % )NP (PP of (NP (NP jobs )NP (PP in (NP (NP a *UNK- city )NP (PP like (NP New York )NP )PP )NP )PP )NP )PP )NP )NP )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(S (NP *UNKC business )NP (VP can (ADVP often )ADVP (ADVP better )ADVP (VP afford (S (VP to (VP minimize (NP (NP the cost )NP (PP of (NP crime )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP The New York study )NP (VP found (SBAR that (S (NP (NP the cost )NP (PP of (NP (NP security measures )NP (PP in (NP (NP firms )NP (PP with (NP (QP fewer than five )QP employees )NP )PP )NP )PP )NP )PP )NP (VP was (NP (NP (QP almost $ 1,000 )QP )NP (PP per (NP worker )NP )PP , (PP compared (PP with (NP (NP (QP one-third )QP that amount )NP (PP for (NP (NP firms )NP (PP with (NP (QP more than 10 )QP employees )NP )PP )NP )PP )NP )PP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The shift )NP (PP of (NP retailing )NP )PP (PP to (NP large shopping centers )NP )PP )NP (VP has (VP created (NP (NP (ADJP even greater )ADJP economies )NP (PP of (NP scale )NP )PP )NP (PP for (S (VP providing (NP *UNK- business *UNK )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP (NP Private security *UNK )NP and (NP *UNKING police )NP )NP (VP can (VP *UNK (NP (NP the law )NP (PP of (NP *UNK )NP )PP )NP (S (VP to (VP regulate (NP (NP access )NP (PP to (NP these *UNK- places )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP Since (NP 1984 )NP )PP , (PP in (NP fact )NP )PP , (NP (NP revenues )NP (PP of (NP (NP the 10 largest guard companies )NP , (VP (ADVP primarily )ADVP serving (NP such big businesses )NP )VP , )NP )PP )NP (VP have (VP increased (PP by (NP (QP almost 62 )QP % )NP )PP )VP )VP . )S  STOP
(S (NP Few small neighborhood businesses )NP , (ADVP however )ADVP , (VP can (VP afford (NP such protection )NP , (PP even in (NP (NP collaboration )NP (PP with (NP other local *UNK )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP (NP the neighborhoods )NP (PP with (NP the highest crime rates )NP )PP )NP )PP , (NP small business )NP (ADVP generally )ADVP (VP relies (PP on (NP the public police force )NP )PP (PP for (NP protection )NP )PP )VP . )S  STOP
(S (NP This )NP (VP creates (NP several problems )NP )VP . )S  STOP
(S (NP One )NP (VP is (SBAR that (S (NP there )NP (VP are not (NP enough police (S (VP to (VP satisfy (NP small businesses )NP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The number one proposal )NP (PP for (S (VP reducing (NP crime )NP )VP )S )PP (PP in (NP the New York survey )NP )PP )NP (VP was (S (VP to (VP put (NP more police )NP (PP on (NP foot or *UNK *UNK )NP )PP )VP )VP )S , (S (VP suggested (PP by (NP (NP (QP more than two-thirds )QP )NP (PP of the respondents )PP )NP )PP )VP )S )VP . )S  STOP
(S (NP (QP Only 22 )QP % )NP (VP supported (NP (NP private security *UNK )NP (VP funded (PP by (NP (NP the merchants )NP (NP themselves )NP )NP )PP )VP )NP )VP . )S  STOP
(S (NP A second problem )NP (VP is (NP (NP the persistent frustration )NP (PP of (NP (NP false *UNK )NP , (SBAR (WHNP which )WHNP (S (VP can (VP make (S (NP urban police )NP (ADJP (ADJP (ADJP less )ADJP (PP than (ADJP *UNK )ADJP )PP )ADJP (PP about (S (VP responding (PP to (NP (NP calls )NP (PP from (NP small businesses )NP )PP )NP )PP )VP )S )PP )ADJP )S )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP (NP (QP Only half )QP the New York small businesses )NP (VP surveyed )VP )NP , (PP for (NP their part )NP )PP , (VP are (ADJP satisfied (PP with (NP (NP the police response )NP (SBAR (S (NP they )NP (VP receive )VP )S )SBAR )NP )PP )ADJP )VP . )S  STOP
(S (NP (NP Some cities )NP , (PP including (NP New York )NP )PP , )NP (VP have (VP *UNKED (PP with (NP (NP special tax districts )NP (PP for (NP (NP commercial areas )NP (SBAR (WHNP that )WHNP (S (VP provide (NP (NP additional *UNK )NP (VP funded (PP by (NP local businesses )NP )PP )VP )NP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S But (NP this )NP (VP raises (NP (NP added cost barriers )NP (PP to (NP urban *UNK )NP )PP )NP )VP . )S  STOP
(S (NP (NP Another solution )NP (SBAR (S (NP cities )NP (VP might (VP consider )VP )VP )S )SBAR )NP (VP is (S (VP giving (NP special priority )NP (PP to (NP (NP police *UNK )NP (PP of (NP small-business areas )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (PP For (NP (NP cities )NP (VP losing (NP business )NP (PP to (NP suburban shopping centers )NP )PP )VP )NP )PP , (NP (NP it )NP )NP (VP may (VP be (NP a *UNK business investment )NP (S (VP to (VP help (S (VP keep (NP those jobs and sales taxes )NP (PP within (NP city limits )NP )PP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP *UNKED *UNKING )NP (PP of (NP business *UNK )NP )PP )NP (VP makes (NP sense )NP (SBAR because (S (NP urban crime )NP (VP is (ADJP heavily concentrated (PP in (NP (NP such `` hot spots '' )NP (PP of (NP *UNK *UNK )NP )PP )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (PP With (NP (NAC National Institute (PP of (NP Justice )NP )PP )NAC support )NP )PP , (NP (NP the Minneapolis police )NP and (NP the *UNKC Control Institute )NP )NP (VP are (ADVP currently )ADVP (VP testing (NP (NP the effects )NP (PP of (NP such a strategy )NP )PP )NP , (S (VP *UNKING (NP its *UNK value )NP (PP with (NP traditional random *UNK )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP *UNKC *UNK )NP (VP would (VP be (NP an (ADJP especially *UNK )ADJP *UNK )NP (SBAR (WHADVP whenever )WHADVP (S (NP a small-business person )NP (VP is (VP scheduled (S (VP to (VP testify (PP against (NP a *UNK suspect )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (SBAR While (FRAG (NP no guarantee )NP )FRAG )SBAR , (NP an increased police presence )NP (VP might (ADVP even )ADVP (VP deter (NP further attacks )NP )VP )VP . )S  STOP
(S (NP It )NP (VP might (ADVP even )ADVP (VP have (VP saved (NP (NP the life , and business , )NP (PP of (NP Israel Ortiz )NP )PP )NP )VP )VP )VP . )S  STOP
(S (NP Mr. Sherman )NP (VP is (NP (NP (NP a professor )NP (PP of (NP *UNK )NP )PP (PP at (NP (NP the University )NP (PP of (NP Maryland )NP )PP )NP )PP )NP and (NP (NP president )NP (PP of (NP (NP the *UNKC Control Institute )NP (PP in (NP (NP Washington )NP , (NP *UNKC )NP )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (NP *UNKC Corp. )NP (VP said (PP in (NP Toronto )NP )PP (SBAR that (S (NP it )NP (VP hopes (S (VP to (VP raise (NP (NP (QP 56 million )QP Canadian dollars )NP (PRN -LRB- (NP (QP US$ *UNKN million )QP )NP -RRB- )PRN )NP (PP through (NP (NP a rights offering )NP (PP to (NP shareholders )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP Under (NP the offer )NP )PP , (NP shareholders )NP (VP can (VP purchase (NP one Enfield share )NP (PP at (NP (NP C$ *UNKN )NP (PP for (NP (NP each five shares )NP (VP held )VP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP Toronto Stock Exchange trading )NP )PP (NP Friday )NP , (NP Enfield )NP (VP closed (PP at (NP C$ *UNKN )NP )PP , (ADVP down (NP 37.5 cents )NP )ADVP )VP . )S  STOP
(S (NP The holding company )NP (VP said (SBAR (S (NP the rights offering )NP (VP should (VP (VP reduce (NP its (ADJP (QP C$ *UNKN million )QP )ADJP debt )NP (PP to (NP `` more *UNK levels '' )NP )PP (PP before (NP Dec. 31 )NP )PP )VP and (VP allow (S (NP it )NP (VP to (VP finance (NP (NP future investments )NP (PP with (NP equity capital )NP )PP )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP At (NP last report )NP )PP , (NP Enfield )NP (VP had (NP (NP (QP about *UNKN million )QP shares )NP (ADJP outstanding )ADJP )NP )VP . )S  STOP
(FRAG (NP Former U.N. *UNKC *UNKC *UNKC )NP , (PP in (NP (NP a *UNKC `` Capital *UNKC '' discussion )NP (NP Oct. 7 )NP (PP of (NP (NP House action )NP (PP on (NP federal *UNK- insurance )NP )PP )NP )PP )NP )PP : )FRAG  STOP
(S (NP I )NP (VP think (SBAR (S (NP this repeal )NP (VP was (NP (NP kind )NP (PP of (NP a *UNK action )NP )PP )NP )VP )S )SBAR , (PP as (NP (NP a matter )NP (PP of (NP fact )NP )PP )NP )PP )VP ... . )S  STOP
(S (S (NP They )NP (VP will (VP have (S (VP to (VP *UNK (NP this issue )NP )VP )VP )S )VP )VP )S , and (S (NP they )NP (VP 'll (VP have (S (VP to (VP *UNK (NP it )NP (PP before (NP long )NP )PP )VP )VP )S )VP )VP )S . )S  STOP
(S (NP *UNKC )NP (VP pays )VP . )S  STOP
(S (S (NP That )NP (VP 's (NP (NP a fundamental lesson )NP (PP for (NP investors )NP )PP )NP )VP )S , but (S (NP its truth )NP (VP was (VP demonstrated (ADVP once again )ADVP (PP in (NP (NP the performance )NP (PP of (NP mutual funds )NP )PP (PP during and after (NP (NP the stock market 's )NP *UNKC plunge )NP )PP )NP )PP )VP )VP )S . )S  STOP
(S (NP Stock funds )NP , (PP like (NP (NP the market )NP (PP as (NP a whole )NP )PP )NP )PP , (ADVP generally )ADVP (VP dropped (NP (QP more than 2 )QP % )NP (PP in (NP (NP the week )NP (PP through (NP last Thursday )NP )PP )NP )PP , (PP according (PP to (NP (NP figures )NP (VP compiled (PP by (NP Lipper *UNKC Services Inc )NP )PP )VP )NP )PP )PP )VP . )S  STOP
(S (NP That )NP (VP reflects (NP (NP (NP the huge drop )NP (ADVP (NP a week )NP ago (NP Friday )NP )ADVP )NP , (NP (NP last Monday 's )NP rebound )NP and (NP (NP the *UNK and *UNK )NP (SBAR (WHNP that )WHNP (S (VP followed )VP )S )SBAR )NP )NP )VP . )S  STOP
(S But (NP (NP several other types )NP (PP of (NP funds )NP )PP )NP (VP *UNKED (NP investors )NP (PP from (NP (NP the worst )NP (PP of (NP (NP the market 's )NP slide )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Funds )NP (SBAR (WHNP that )WHNP (S (VP invest (ADVP internationally )ADVP )VP )S )SBAR )NP (VP were (NP (NP the *UNKING stock )NP and (NP fixed-income funds )NP )NP )VP . )S  STOP
(SINV `` (S (NP (NP More )NP (PP than (NP ever )NP )PP )NP , (NP people )NP (VP should (VP realize (SBAR (S (NP they )NP (VP should (VP have (NP a diversified portfolio )NP )VP )VP )S )SBAR )VP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a senior vice president )NP (PP of (NP Vanguard Group )NP )PP )NP )NP . )SINV  STOP
(S `` (NP That )NP (VP means (NP (NP stocks )NP , (NP bonds )NP , (NP money market instruments )NP and (NP real estate )NP )NP )VP . '' )S  STOP
(S (NP (NP One week 's )NP performance )NP (VP should n't (VP be (NP (NP the basis )NP (PP for (NP any investment decision )NP )PP )NP )VP )VP . )S  STOP
(S But (NP the latest mutual fund performance figures )NP (VP do (VP show (SBAR (WHNP what )WHNP (S (VP can (VP happen (SBAR (WHADVP when )WHADVP (S (NP the going )NP (VP gets (ADJP rough )ADJP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(SINV `` (S (NP You )NP (VP want (S (VP to (VP know (SBAR (WHADVP how )WHADVP (S (NP a fund )NP (VP did (SBAR (WHADVP when )WHADVP (S (NP the market )NP (VP got (VP *UNKED )VP )VP )S )SBAR )VP )S )SBAR )VP )VP )S )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP an investment adviser )NP (PP with (NP (NP *UNKC & *UNKC )NP (PP in (NP San Francisco )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP It )NP (VP 's (PP like (S (VP *UNKING (NP (NP the tires )NP (PP of (NP a car )NP )PP )NP )VP )S )PP )VP ... . )S  STOP
(S (SBAR (WHNP What )WHNP (S (NP you )NP (VP want (S (VP to (VP know )VP )VP )S )VP )S )SBAR (VP is (SBARQ (SBAR (SBAR (WHADVP when )WHADVP (S (NP the road )NP (VP 's (ADJP rough )ADJP )VP )S )SBAR , (SBAR (WHADVP when )WHADVP (S (NP there )NP (VP 's (NP *UNK and ice )NP )VP )S )SBAR )SBAR , (WHADVP how )WHADVP (SQ 's (NP this car )NP (VP going (S (VP to (VP perform )VP )VP )S )VP )SQ )SBARQ )VP ? '' )S  STOP
(S (NP General equity funds )NP (VP fell (NP (NP an average )NP (PP of (NP *UNKN % )NP )PP )NP (PP in (NP (NP the week )NP (VP ended (NP Thursday )NP )VP )NP )PP , (PP compared (PP with (NP (NP a (ADJP *UNKN % )ADJP slide )NP (PP for (NP (NP the Standard & Poor 's )NP 500-stock index )NP )PP )NP )PP )PP )VP . )S  STOP
(S But (NP (NP Lipper *UNKC 's )NP figures )NP (VP show (SBAR that (S (NP there )NP (VP were (NP (NP a number )NP (PP of (NP (NP ways )NP (SBAR (S (NP investors )NP (VP could (VP have (VP *UNKED (NP themselves )NP (PP from (NP (NP the stock market 's )NP gyrations )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKED funds )NP , (PP for (NP instance )NP )PP , (SBAR (WHNP which )WHNP (S (VP invest (PP in (NP (NP companies )NP (SBAR (WHNP that )WHNP (S (VP mine and process (NP the precious metal )NP )VP )S )SBAR )NP )PP )VP )S )SBAR , )NP (VP posted (NP (NP an average decline )NP (PP of (NP 1.15 % )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC portfolio funds )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP investments )NP (PP among (NP (NP stocks )NP , (NP bonds and money-market instruments )NP and (NP other investments )NP )NP )PP )VP )S )SBAR , )NP (VP declined (PP at (NP (NP (NP (QP about half )QP the rate )NP (PP of (NP stock funds )NP )PP )NP -- (NP (NP an average drop )NP (PP of (NP *UNKN % )NP )PP )NP )NP )PP , (PP according (PP to (NP Lipper )NP )PP )PP )VP . )S  STOP
(S (NP Global allocation funds )NP (VP take (NP the *UNK- concept )NP (ADVP (NP one step )NP further )ADVP (PP by (S (VP investing (NP (NP (QP at least 25 )QP % )NP (PP of (NP their portfolios )NP )PP )NP (PP outside (NP the U.S. )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP This )NP (VP gives (NP them )NP (NP (NP the added benefits )NP (PP of (NP international diversification )NP )PP )NP -- (PP including (NP (NP a foreign-exchange boost )NP (PP during (NP (NP periods )NP , (PP like (NP the past week )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP the dollar )NP (VP declines (PP against (NP other major currencies )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (PP With (S (NP all that )NP (VP going (PP for (NP them )NP )PP )VP )S )PP , (NP global flexible portfolio funds )NP (VP declined (NP (QP only *UNKN )QP % )NP (PP in (NP (NP the week )NP (PP through (NP last Thursday )NP )PP )NP )PP )VP . )S  STOP
(S (S But (SBAR while (S (NP (NP the *UNK )NP (PP of (NP diversification )NP )PP )NP (VP *UNK (ADVP through )ADVP (SBAR (WHADVP when )WHADVP (S (NP times )NP (VP are (ADJP tough )ADJP )VP )S )SBAR )VP )S )SBAR , (NP there )NP (VP 's (ADVP also )ADVP (NP (NP a price )NP (SBAR (S (VP to (VP pay )VP )VP )S )SBAR )NP )VP )S : (S (NP A diversified portfolio )NP (ADVP always )ADVP (VP *UNK (NP an *UNKED portfolio )NP (PP during (NP (NP those times )NP (SBAR (WHADVP when )WHADVP (S (NP (NP the investment )NP (PP in (NP the *UNKED portfolio )NP )PP )NP (VP is (ADJP truly hot )ADJP )VP )S )SBAR )NP )PP )VP )S . )S  STOP
(S And (PP (NP Friday the 13th )NP *UNKING )PP , (NP stocks )NP (VP have (VP been (NP (NP this year 's )NP hot investment )NP )VP )VP . )S  STOP
(S (S (ADVP Thus )ADVP , (PP (ADVP even )ADVP including (NP the latest week )NP )PP , (NP the average general stock fund )NP (VP has (VP soared (NP (QP more than 24 )QP % )NP (NP (ADVP so far )ADVP this year )NP )VP )VP )S , (NP the Lipper *UNKC figures )NP (VP show )VP . )S  STOP
(S (PP By (NP comparison )NP )PP , (NP global asset allocation funds )NP (VP have (VP turned (PRT in )PRT (NP (NP an average total return )NP (PP of (NP (QP about 19 )QP % )NP )PP )NP , (SBAR while (S (NP domestic flexible portfolios )NP (VP are (ADVP up (NP (QP about 17 )QP % )NP )ADVP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP *UNKC funds )NP (VP have (VP returned (NP 8.2 % )NP , (SBAR while (S (NP (NP gold funds )NP , (SBAR (WHNP which )WHNP (S (VP tend (S (VP to (VP be (ADJP volatile )ADJP )VP )VP )S )VP )S )SBAR , )NP (VP have (VP risen (NP (QP just *UNKN )QP % )NP , (PP on (NP average )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(SINV `` (S (NP That )NP (VP 's (NP (NP the problem )NP (PP with (S (VP trying (S (VP to (VP hedge (ADVP too much )ADVP )VP )VP )S )VP )S )PP )NP )VP )S , '' (VP said )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S `` (NP You )NP (VP do n't (VP make (NP any real money )NP )VP )VP . '' )S  STOP
(S (PP Over (NP the last 20 years )NP )PP , (PP for (NP example )NP )PP (PRN , (S (NP Mr. *UNKC )NP (VP says )VP )S , )PRN (NP (NP an investor )NP (VP putting (NP (NP $ 5,000 )NP (NP a year )NP )NP (PP in (NP the S&P 500 )NP )PP )VP )NP (VP would (VP have (VP made (NP (NP (QP nearly twice )QP as much )NP (PP than (SBAR if (S (NP it )NP (VP were (VP invested (PP in (NP Treasury bills )NP )PP )VP )VP )S )SBAR )PP )NP )VP )VP )VP . )S  STOP
(S (NP Some equity funds )NP (VP did (ADJP (ADJP better )ADJP (PP than (NP others )NP )PP )ADJP (PP in (NP (NP the week )NP (SBAR (WHNP that )WHNP (S (VP began (PP on (NP Friday the 13th )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The (ADJP (QP $ 4 million )QP )ADJP *UNKC Fund )NP , (PP for (NP instance )NP )PP , (VP was (NP (NP the seventh top performing fund )NP (PP for (NP the week )NP )PP )NP , (PP with (NP a (ADJP *UNKN % )ADJP return )NP )PP )VP . )S  STOP
(S (NP Its return )NP (NP (ADVP so far )ADVP this year )NP (VP has (VP been (NP a credible *UNKN % )NP )VP )VP . )S  STOP
(S (NP (NP The fund 's )NP strategy )NP (VP is (S (VP to (VP sell (SBAR (WHADVP when )WHADVP (S (NP a stock )NP (VP *UNK (NP (NP 30 % )NP (PP over (NP its cost )NP )PP )NP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(SINV (S (PP By (NP (NP the time )NP (SBAR (S (NP the market )NP (VP plummeted (ADVP (NP 10 days )NP ago )ADVP )VP )S )SBAR )NP )PP , (NP *UNKC )NP (VP was (NP (NP 55 % )NP (PP in (NP cash )NP )PP )NP )VP , )S (VP said )VP (NP (NP Robert *UNKC )NP , (NP president and portfolio manager )NP )NP . )SINV  STOP
(S (NP Last Monday )NP , (NP he )NP (VP started `` (S (VP buying (NP (NP the high-quality growth companies )NP (SBAR (WHNP that )WHNP (S (NP people )NP (VP were (VP throwing (PRT away )PRT (PP at (NP discount prices )NP )PP )VP )VP )S )SBAR )NP )VP )S )VP . '' )S  STOP
(FRAG (PP Among (NP (NP Mr. *UNKC 's )NP picks )NP )PP : (NP (NP *UNKC Systems )NP , (NP Reebok International Ltd. )NP and (NP Digital *UNKC Corp )NP )NP . )FRAG  STOP
(S (NP (NP The fund 's )NP cash position )NP (VP is (ADVP now )ADVP (NP (NP (QP about 22 )QP % )NP , (SBAR (WHNP which )WHNP (S (NP Mr. *UNKC )NP (VP calls (S `` (ADJP still bearish )ADJP )S )VP )S )SBAR )NP )VP . '' )S  STOP
(S (PP Among (NP the big stock funds )NP )PP , (NP (NP *UNKC Fund )NP , (SBAR with (S (NP (QP more than $ 2 billion )QP )NP (PP in (NP assets )NP )PP )S )SBAR , )NP (VP had (NP (NP (NP a decline )NP (PP of (NP (NP (QP just *UNKN )QP % )NP (PP for (NP the week )NP )PP )NP )PP )NP and (NP (NP a return )NP (PP of (NP (NP *UNKN % )NP (PP for (NP the year )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (NP (NP Howard Stein )NP , (NP (NP chairman )NP (PP of (NP Dreyfus Corp. )NP )PP )NP , )NP (VP said (SBAR (S (NP the fund )NP (VP was (VP (VP (QP about half )QP invested (PP in (NP government bonds )NP )PP (PP on (NP Oct. 13 )NP )PP )VP , and (VP (QP about 10 % )QP (PP in (NP cash )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (PP In (NP a downward market )NP )PP , (NP bonds )NP (VP act (ADVP better )ADVP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S `` (NP We )NP (ADVP still )ADVP (VP think (SBAR (S (NP there )NP (VP 's (NP (NP a lot )NP (PP of (NP *UNK )NP )PP )NP (PP in (NP this market )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP We )NP (VP believe (SBAR (S (S (NP interest rates )NP (VP will (VP continue (S (VP to (VP trend (ADVP lower )ADVP )VP )VP )S )VP )VP )S , and (S (NP the economy )NP (VP will (VP slow (PP around (NP the world )NP )PP )VP )VP )S )S )SBAR )VP . '' )S  STOP
(S (NP (NP Many )NP (PP of (NP (NP the funds )NP (SBAR (WHNP that )WHNP (S (VP did (ADVP best )ADVP (PP in (NP the last week )NP )PP )VP )S )SBAR )NP )PP )NP (VP are (VP (ADVP heavily )ADVP invested (ADVP overseas )ADVP )VP , (S (VP giving (NP them )NP (NP (NP the benefit )NP (PP of (NP foreign currency *UNK )NP )PP )NP (SBAR (WHADVP when )WHADVP (S (NP the dollar )NP (VP is (ADJP weak )ADJP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (PP (PP From (NP (NP its high point )NP (PP on (NP (NP Thursday )NP , (NP Oct. 12 )NP , )NP )PP )NP )PP (PP to (SBAR (WHADVP where )WHADVP (S (NP it )NP (VP traded (ADVP late )ADVP (PP in (NP New York )NP )PP (ADVP (NP a week )NP later )ADVP )VP )S )SBAR )PP )PP , (NP the dollar )NP (VP fell (NP (NP (NP 3.6 % )NP (PP against (NP the West German mark )NP )PP )NP , (NP (NP 3.4 % )NP (PP against (NP the British pound )NP )PP )NP and (NP (NP 2.1 % )NP (PP against (NP the Japanese yen )NP )PP )NP )NP )VP . )S  STOP
(S (NP (NP Three International *UNKC *UNKC funds )NP , (SBAR (WHNP which )WHNP (S (VP invest (ADVP almost exclusively )ADVP (PP in (NP bonds and money-market instruments )NP )PP (ADVP overseas )ADVP )VP )S )SBAR , )NP (VP were (PP among (NP the four *UNKING funds )NP )PP (PP in (NP the latest week )NP )PP )VP . )S  STOP
(S (SBAR Because (S (NP (NP the funds ' )NP investments )NP (VP are (VP *UNKED (PP in (NP foreign currencies )NP )PP )VP )VP )S )SBAR , (NP (NP their value )NP (VP expressed (PP in (NP dollars )NP )PP )VP )NP (VP goes (ADVP up )ADVP (SBAR (WHADVP when )WHADVP (S (NP those currencies )NP (VP rise (PP against (NP the dollar )NP )PP )VP )S )SBAR )VP . )S  STOP
(S But (SBAR (WHADVP when )WHADVP (S (NP the dollar )NP (VP rises (PP against (NP major foreign currencies )NP )PP )VP )S )SBAR (PRN , (SBAR as (S (NP it )NP (VP did (PP for (NP (NP much )NP (PP of (NP this year )NP )PP )NP )PP )VP )S )SBAR , )PRN (NP (NP the dollar value )NP (PP of (NP these funds )NP )PP )NP (VP declines )VP . )S  STOP
(S (NP All three funds )NP (VP posted (NP (NP negative returns )NP (PP for (NP (NP the year )NP (PP to (NP date )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP Of (NP (NP the funds )NP (SBAR (WHNP that )WHNP (S (VP *UNKED (NP the worst )NP (PP in (NP the *UNK- . 13 week )NP )PP )VP )S )SBAR )NP )PP , (NP two )NP (VP are (VP (ADVP heavily )ADVP invested (PP in (NP (NP airlines stocks )NP , (SBAR (WHNP which )WHNP (S (VP (VP led (NP the market slide )NP )VP (PP following (NP (NP problems )NP (PP with (NP financing )NP )PP (PP for (NP the UAL Corp . buy-out plan )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (S (VP *UNKING (NP airline takeover activity )NP )VP )S , (ADVP however )ADVP , (NP both (NP the Fidelity *UNKC Air Transportation Portfolio )NP and (NP the National Aviation & Technology fund )NP )NP (VP posted (NP (NP (NP *UNK- returns )NP (PP for (NP (NP the the year )NP (PP to (NP date )NP )PP )NP )PP )NP : (NP (NP (NP *UNKN % )NP (PP for (NP the Fidelity Air Transportation fund )NP )PP )NP and (NP (NP a *UNKING *UNKN % )NP (PP for (NP National Aviation & Technology )NP )PP )NP )NP )NP )VP . )S  STOP
(SINV (S (NP (NP The small drop )NP (PP in (NP (NP equity funds )NP (PP in (NP general )NP )PP )NP )PP )NP (PP in (NP the latest week )NP )PP (VP may not (ADVP necessarily )ADVP (VP be (NP a good sign )NP )VP )VP )S , (VP said )VP (NP (NP A. Michael Lipper )NP , (NP (NP president )NP (PP of (NP Lipper *UNKC )NP )PP )NP )NP . )SINV  STOP
(S (S (VP *UNKING (SBAR that (S (NP equity funds )NP (VP are (ADVP up (NP (QP nearly 60 )QP % )NP (PP from (NP (NP their *UNK- low )NP (PP on (NP Dec. 3 , 1987 )NP )PP )NP )PP )ADVP )VP )S )SBAR )VP )S , (NP he )NP (VP said (SBAR that (S (SBAR (WHNP what )WHNP (S (VP happened (NP last week )NP )VP )S )SBAR `` (VP may not (VP be (NP (NP enough )NP (PP of (NP an adjustment )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP There )NP (VP 's (NP either (NP (NP more )NP (SBAR (S (VP to (VP come )VP )VP )S )SBAR )NP or (NP (NP an (ADJP extremely long )ADJP period )NP (PP of (NP *UNK )NP )PP )NP )NP )VP . '' )S  STOP
(S But (NP investors )NP (VP do n't (VP seem (S (VP to (VP think (ADVP so )ADVP )VP )VP )S )VP )VP . )S  STOP
(S (NP Several big mutual fund groups )NP (VP said (NP last week )NP (SBAR that (S (NP (NP cash flows )NP (PP into (NP stock funds )NP )PP )NP (VP were (ADJP (ADJP heavier )ADJP (PP than (ADJP usual )ADJP )PP )ADJP (PP after (NP (NP heavy outflows )NP (PP on (NP the 13th )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Vanguard Group )NP (VP said (SBAR (S (NP it )NP (VP had (NP (NP a (ADJP (QP more than $ 50 million )QP )ADJP net *UNK )NP (PP into (NP its stock funds )NP )PP )NP (NP last week )NP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP There )NP (ADVP certainly )ADVP (VP has n't (VP been (NP a panic reaction )NP )VP )VP )S , '' (VP said )VP (NP (NP Steven *UNKC )NP , (NP (NP a vice president )NP (PP at (NP T. Rowe Price Associates )NP )PP )NP )NP . )SINV  STOP
(S `` (NP People )NP (VP showed (NP (NP some staying power )NP and , (PP in (NP fact )NP )PP , (NP (NP interest )NP (PP in (S (VP buying (NP equities )NP )VP )S )PP )NP )NP )VP . '' )S  STOP
(NP (NP Source )NP : (NP Lipper Analytical Services Inc )NP . )NP  STOP
(X (X \* )X (S Not (VP counting (NP dividends )NP )VP )S )X  STOP
(X (X *UNK )X (PP With (S (NP dividends )NP (VP *UNKED )VP )S )PP )X  STOP
(NP (NP *UNKC )NP : (NP (NP Lipper Analytical Services Inc. )NP ; (NP (NP Standard & Poor 's )NP Corp )NP )NP . )NP  STOP
(S (NP (NP *UNKC Royal Exchange *UNKC PLC )NP , (NP a major British composite insurer )NP , )NP (VP said (SBAR (S (NP it )NP (VP is (VP taking (NP (NP a stake )NP (PP in (NP (NP *UNKC *UNKC Building Society 's )NP estate agency business )NP )PP )NP (PP as (NP (NP part )NP (PP of (NP a plan (S (VP to (VP create (NP (NP a range )NP (PP of (NP (NP commercial *UNK )NP (PP in (NP (NP the U.K. )NP and (NP Europe )NP )NP )PP )NP )PP )NP )VP )VP )S )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Officials )NP (VP declined (S (VP to (VP disclose (NP (NP (NP the value )NP (PP of (NP the transaction )NP )PP )NP or (NP (NP the exact stake )NP (SBAR (WHNP that )WHNP (S (NP *UNKC )NP (VP will (VP hold (PP in (NP *UNKC *UNKC Estate *UNKC )NP )PP )VP )VP )S )SBAR )NP )NP )VP )VP )S )VP . )S  STOP
(S But (NP the companies )NP (VP said (SBAR that (S (NP *UNKC *UNKC Estate *UNKC )NP (VP will (VP market (NP *UNKC life insurance , pension and investment products )NP (PP through (NP (NP its (QP more than 1,000 )QP retail outlets )NP (PP in (NP the *UNKC )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Besides (NP the marketing agreement )NP )PP , (NP *UNKC )NP (VP said (SBAR (S (NP *UNKC *UNKC )NP (VP has (VP agreed (S (VP to (VP develop (NP life insurance products )NP (PP with (NP the composite insurer )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (S (VP *UNKING (PP at (NP (NP the bar )NP (PP of (NP the Four *UNKC restaurant )NP )PP )NP )PP )VP )S , (NP *UNK William McDonough )NP (VP seems (ADJP *UNK (PP to (NP (NP the *UNK *UNK )NP and (NP the *UNK setting )NP )NP )PP )ADJP )VP . )S  STOP
(S (NP He )NP (VP is (VP *UNKING (NP (NP the *UNK )NP (VP *UNKING (PP above (NP the *UNK *UNK )NP )PP )VP )NP )VP )VP . )S  STOP
(S `` (S (VP *UNKC (SBAR (WHNP (WHADJP how much )WHADJP air )WHNP (S (VP is (VP moving (ADVP around )ADVP )VP )VP )S )SBAR )VP )S ! '' (NP he )NP (VP says )VP . )S  STOP
(S `` (NP The *UNK )NP (ADVP here )ADVP (VP is (ADJP great )ADJP )VP ! '' )S  STOP
(S (NP You )NP (VP may (VP be (VP hearing (NP more )NP (PP about (NP (NP the *UNK- Mr. McDonough )NP and (NP (NP his *UNK )NP (PP with (NP clean air )NP )PP )NP )NP )PP )VP )VP )VP . )S  STOP
(S (PP After (NP (NP years )NP (PP of (NP relative *UNK )NP )PP )NP )PP , (NP he )NP (VP is (VP starting (S (VP to (VP attract (NP (NP notice )NP (PP for (NP (NP (NP the *UNK )NP (CONJP as well as )CONJP (NP the *UNK )NP (NX quality )NX )NP (PP of (NP his architecture )NP )PP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Mr. McDonough )NP (VP believes (SBAR that (S (NP (NP the *UNKING )NP (PP of (NP the planet )NP )PP )NP (VP depends (PP on (NP (NP such *UNK )NP (PP as (S (VP (VP opening (NP windows )NP (S (VP to (VP cut (NP *UNK air pollution )NP )VP )VP )S )VP , (VP *UNKING (ADVP down )ADVP (NP *UNK )NP (PP instead of (S (VP using (NP toxic *UNK )NP )VP )S )PP )VP , and (VP avoiding (NP (NP *UNK )NP , (SBAR (WHNP which )WHNP (S (VP comes (PP from (NP *UNKED rain *UNK )NP )PP )VP )S )SBAR )NP )VP )VP )S )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP has (VP put (NP (NP some )NP (PP of (NP his *UNK ideas )NP )PP )NP (PP into (NP practice )NP )PP (PP with (NP (NP (NP (NP his design )NP (PP of (NP the *UNK- *UNKED *UNKC restaurant )NP )PP )NP (PRN -- (S `` (ADJP *UNKLY *UNK )ADJP , '' (NP *UNKC *UNKC magazine )NP (VP called (S (NP it )NP )S )VP )S -- )PRN )NP and (NP (NP his *UNKING )NP (PP of (NP (NP Paul Stuart )NP , (NP the Madison Avenue clothing store )NP )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP He )NP (VP has (VP designed (NP (NP furniture and homes )NP (CONJP as well as )CONJP (NP commercial and office space )NP )NP )VP )VP . )S  STOP
(S (NP He )NP (VP is (ADVP now )ADVP (VP designing (NP (NP a *UNKC stage set )NP (PP for (NP (NP a show )NP (PP by (NP the band *UNKC *UNKC and the *UNKC )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (VP (ADVP really )ADVP *UNK (NP his *UNK )NP )VP )S )SBAR , (ADVP though )ADVP , (VP is (NP *UNK architecture )NP )VP . )S  STOP
(S (ADVP Now )ADVP (NP the question )NP (VP is : (SQ Is (NP Poland )NP (ADJP ready (PP for (NP it )NP )PP )ADJP )SQ )VP ? )S  STOP
(S (NP Mr. McDonough )NP (VP is (VP about (S (VP to (VP tackle (NP (NP his biggest *UNK- challenge yet )NP , (NP (NP (NP the proposed Warsaw Trade Center )NP (PP in (NP Poland )NP )PP )NP , (NP (NP the first such center )NP (PP in (NP Eastern Europe )NP )PP )NP )NP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP The project )NP (VP has (ADVP already )ADVP (VP acquired (NP a certain New York *UNK )NP )VP )VP . )S  STOP
(S (NP Bloomingdale 's )NP (VP plans (S (VP to (VP sell (NP (NP a *UNK- *UNK model )NP (PP of (NP the center )NP )PP )NP (PP during (NP the *UNK )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP Some )NP (PP of (NP the sales proceeds )NP )PP )NP (VP will (VP go (PP to (NP (NP the *UNKC Industries Foundation )NP (PP for (NP AIDS )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP A *UNK )NP (VP topped (PP with (NP (NP a *UNK )NP (PP of (NP the center )NP )PP )NP )PP )VP )NP (VP will (VP be (VP *UNKED (PP at (NP (NP an AIDS benefit )NP (PP at (NP (NP Sotheby 's )NP )NP )PP )NP )PP (PP in (NP December )NP )PP )VP )VP )VP . )S  STOP
(S (SBAR If (S (NP (NP Mr. McDonough 's )NP plans )NP (VP get (VP executed )VP )VP )S )SBAR , (NP (NP as much )NP (PP of (NP the Polish center )NP )PP (PP as (ADJP possible )ADJP )PP )NP (VP will (VP be (VP made (PP from (NP (NP aluminum , steel and glass )NP (VP *UNKED (PP from (NP (NP Warsaw 's )NP *UNK rubble )NP )PP )VP )NP )PP )VP )VP )VP . )S  STOP
(S (NP A *UNK- *UNK *UNK )NP (VP will (VP stand (PP *UNK (NP (NP 50 stories )NP (PP of (NP commercial space )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKED *UNK )NP (VP will (VP make (S (NP the *UNK )NP (ADJP *UNK )ADJP )S )VP )VP . )S  STOP
(S (NP The windows )NP (VP will (VP open )VP )VP . )S  STOP
(S (S (NP The *UNK )NP (VP wo n't (VP be (VP *UNKED (PRT down )PRT )VP )VP )VP )S , and (S (NP walls )NP (VP will (VP be (VP *UNKED (PP with (NP *UNK *UNK )NP )PP )VP )VP )VP )S . )S  STOP
(S (PP To (NP (NP the extent )NP (SBAR (WHADVP that )WHADVP (S (NP the (ADJP (QP $ 150 million )QP )ADJP budget )NP (VP will (VP allow (NP it )NP )VP )VP )S )SBAR )NP )PP , (NP Mr. McDonough )NP (VP will (VP rely (PP on (NP (NP solid wood )NP , (PP rather than (NP *UNK or *UNK board )NP )PP , )NP )PP (S (VP to (VP limit (NP (NP the *UNK )NP (PP of (NP *UNK )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (SBAR If (S (NP Mr. McDonough )NP (VP has (NP his way )NP )VP )S )SBAR , (NP the *UNKC )NP (VP will (VP compensate (PP for (NP (NP (NP the trade center 's )NP emissions )NP (PP of (NP (NP carbon dioxide )NP , (NP (NP a prime suspect )NP (PP in (NP (NP the global *UNK warming )NP (SBAR (S (NP many scientists )NP (VP fear )VP )S )SBAR )NP )PP )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The *UNKC )NP (VP would (VP plant (NP a *UNK- forest )NP (ADVP somewhere (PP in (NP the country )NP )PP )ADVP (PP at (NP (NP a cost )NP (PP of (NP $ 150,000 )NP )PP )NP )PP , (PP with (S (NP (NP the center 's )NP developer )NP (VP *UNKING (NP the bill )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP The news )NP (VP has n't (ADVP exactly )ADVP (VP moved (S (NP (NP others )NP (PP in (NP (NP Mr. McDonough 's )NP profession )NP )PP )NP (VP to (VP become (NP *UNK *UNKC *UNKC )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP All architects )NP (VP want (S (VP to (VP be (ADJP aware (PP of (NP (NP the *UNK consequences )NP (PP of (NP their work )NP )PP )NP )PP )ADJP )VP )VP )S )VP )S (PRN , (SINV (VP says )VP (NP (NP John *UNKC )NP , (SBAR (WHNP whose New York firm )WHNP (S (VP is (VP designing (NP (NP the *UNK )NP (PP of (NP Times Square )NP )PP )NP )VP )VP )S )SBAR )NP )SINV , )PRN `` (S but (NP we )NP (VP ca n't (NP all )NP (VP carry (NP it )NP (PP to (NP that extreme )NP )PP )VP )VP )S . '' )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP senior associate )NP (PP at (NP (NP (NP Michael *UNKC 's )NP architecture firm )NP (PP in (NP (NP *UNKC )NP , (NP N.J. )NP , )NP )PP )NP )PP )NP )NP (VP says : `` (S (NP We )NP (VP 're (ADVP really )ADVP (PP at (NP (NP the *UNK )NP (PP of (SBAR (WHNP what )WHNP (S (NP the construction industry )NP (VP can and will (VP do (ADVP readily )ADVP )VP )VP )S )SBAR )PP )NP )PP )VP )S )VP . '' )S  STOP
(S (NP Mr. McDonough )NP (VP *UNK : `` (S (NP I )NP (VP 'm (VP asking (NP people )NP (S (VP to (VP *UNK (NP their *UNK )NP )VP )VP )S )VP )VP )S )VP . '' )S  STOP
(S (NP (NP (NP The son )NP (PP of (NP (NP (NP a Seagram 's )NP executive )NP (SBAR (WHNP who )WHNP (S (VP was (VP *UNKED (PP in (NP (NP many countries )NP (PP around (NP the world )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP , (NP Mr. McDonough )NP )NP (VP (VP was (VP born (PP in (NP Tokyo )NP )PP )VP )VP and (VP attended (NP (NP 19 schools )NP (PP in (NP (NP places )NP (VP ranging (PP (PP from (NP Hong Kong )NP )PP (PP to (NP (NP *UNKC *UNKC )NP , (NP Ohio )NP )NP )PP )PP )VP )NP )PP )NP , (PP before (S (VP entering (NP *UNKC College )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP He )NP (VP earned (NP (NP (NP a master 's )NP degree )NP (PP in (NP architecture )NP )PP )NP (PP from (NP Yale )NP )PP )VP . )S  STOP
(S (NP (NP His interest )NP (PP in (NP the natural environment )NP )PP )NP (VP dates (PP from (NP his youth )NP )PP )VP . )S  STOP
(S (NP (NP He )NP and (NP his father )NP )NP (ADVP still )ADVP (VP spend (NP time )NP (NP each summer )NP (S (VP *UNKING (PP for (NP *UNK )NP )PP (PP in (NP *UNKC )NP )PP )VP )S )VP . )S  STOP
(S (S (VP *UNKING (PP in (NP Hong Kong )NP )PP )VP )S (PRN , (S (NP he )NP (VP says )VP )S , )PRN (VP made (S (NP him )NP (ADJP sensitive (PP to (NP (NP the limits )NP (PP on (NP food , power and water supplies )NP )PP )NP )PP )ADJP )S )VP . )S  STOP
(S (PP At (NP (NP his first school )NP (PP in (NP the U.S. )NP )PP )NP )PP (NP he )NP (VP was (VP thought (S (ADJP a little strange )ADJP )S (PP for (S (VP (VP *UNKING (PRT off )PRT (NP open water *UNK )NP )VP and (VP *UNKING (S (NP his *UNK )NP (VP to (VP take (NP only brief *UNK )NP )VP )VP )S )VP )VP )S )PP )VP )VP . )S  STOP
(S (NP (NP He )NP and (NP a *UNKC *UNK )NP )NP (VP established (NP (NP a company )NP (SBAR (WHNP that )WHNP (S (VP restored (NP (NP three *UNK power plants )NP (PP in (NP Vermont )NP )PP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP At (NP Yale )NP )PP , (NP he )NP (VP designed (NP (NP one )NP (PP of (NP (NP the first *UNKED houses )NP (SBAR (S (VP to (VP be (VP built (PP in (NP Ireland )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP (NP (NP Mr. McDonough 's )NP first professional project )NP (SBAR (S (ADVP fully )ADVP (VP to (VP reflect (NP his environmental *UNK )NP )VP )VP )S )SBAR )NP (VP was (NP (NP his 1986 design )NP (PP for (NP (NP the headquarters )NP (PP of (NP (NP the Environmental Defense Fund )NP (PP in (NP New York )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The offices )NP (VP took (NP (NP 10,000 square feet )NP (PP of (NP (NP a building )NP (PP with (NP (NP *UNK- *UNK )NP and (NP big , *UNK windows )NP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP Since (NP the 1970s energy crisis )NP )PP , (NP some efforts (S (VP to (VP *UNK (NP energy )NP (PP by (S (VP *UNKING (NP buildings )NP )VP )S )PP )VP )VP )S )NP (VP have (VP had (NP (NP an *UNKED side effect )NP : (NP high *UNK pollution )NP )NP )VP )VP . )S  STOP
(S (S (NP To )NP (VP reduce (NP it )NP (PP at (NP (NP the fund 's )NP building )NP )PP )VP )S , (NP workers )NP (VP *UNKED (NP (NP *UNK )NP (CONJP instead of )CONJP (NP *UNK )NP )NP (PP on (NP (NP the *UNK )NP (PP in (NP (NP the executive director 's )NP office )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP , (CONJP rather than )CONJP (NP a synthetic material )NP , )NP (VP lies (PP under (NP the *UNK- *UNK )NP )PP )VP )S , and (S (NP the desks )NP (VP are (PP of (NP (NP wood and *UNK )NP (CONJP instead of )CONJP (NP plastic )NP )NP )PP )VP )S . )S  STOP
(S (NP The budget )NP (VP was (NP (QP only $ 400,000 )QP )NP )VP . )S  STOP
(S `` (NP (NP *UNKC )NP (PP with (NP *UNKC means )NP )PP )NP , '' (NP Mr. McDonough )NP (VP says )VP . )S  STOP
(S (NP (NP The fund 's )NP lawyers )NP (VP work (PP in (NP (NP an *UNKC *UNK )NP (PP of (NP *UNKED trees )NP )PP )NP )PP )VP . )S  STOP
(S (NP Economists and *UNK )NP (VP sit (PP along (NP (NP a `` *UNK '' )NP (PP with (NP street *UNK and *UNK trees )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP offices )NP )PP , (NP *UNK *UNK )NP (VP *UNK (NP *UNK )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP with (NP outside windows )NP )PP )NP (VP have (NP inside windows )NP , (ADVP too )ADVP , (S (VP to (VP let (PRT in )PRT (NP more real *UNK )NP )VP )VP )S )VP . )S  STOP
(SINV `` (S (NP We )NP (VP proved (SBAR (S (NP a healthy office )NP (VP does n't (VP cost (NP more )NP )VP )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP executive director )NP (PP of (NP the fund )NP )PP )NP )NP . )SINV  STOP
(SINV (S (NP It )NP `` (VP (VP (ADVP really )ADVP looks (ADJP beautiful )ADJP )VP and (VP is (ADJP very light )ADJP )VP )VP , '' )S (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a *UNK- writer )NP (SBAR (WHNP who )WHNP (S (VP has (VP visited (NP the office )NP (PP for (NP lunch meetings )NP )PP )VP )VP )S )SBAR )NP )NP . )SINV  STOP
(S But , (NP she )NP (VP says , `` (S (NP I )NP (VP guess (SBAR (S (NP I )NP (VP did n't (ADVP really )ADVP (VP notice (NP the trees )NP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (ADVP Maybe )ADVP (NP they )NP (VP were (VP hidden (PP by (NP all the people )NP )PP )VP )VP . '' )S  STOP
(S (NP Neither (NP the *UNKED *UNKC )NP nor (NP the Paul Stuart *UNK )NP )NP (VP reflects (NP (NP much )NP (PP of (NP (NP Mr. McDonough 's )NP environmental concern )NP )PP )NP )VP . )S  STOP
(S (NP The restaurant )NP (VP was (VP *UNKED (PP as (NP a *UNKING , *UNK `` *UNK )NP )PP )VP )VP . '' )S  STOP
(S (NP It )NP (VP makes (NP (NP extensive use )NP (PP of (NP (NP *UNK steel , silver and aluminum )NP (SBAR (WHNP that )WHNP (S (VP sets (PRT off )PRT (NP (NP black *UNK table *UNK )NP and (NP (NP a gray *UNK )NP (PP with (NP *UNK- floors )NP )PP )NP )NP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (S (VP To (VP (ADVP more than )ADVP replace (NP (NP (NP the wood )NP (PP from (NP two English *UNK )NP )PP )NP (VP used (PP for (NP (NP *UNKING )NP (PP at (NP Paul Stuart )NP )PP )NP )PP )VP )NP )VP )VP )S , (ADVP however )ADVP , (NP (NP Mr. McDonough )NP and (NP friends )NP )NP (VP *UNKED (NP 1,000 *UNK )NP (PP around (NP the country )NP )PP )VP . )S  STOP
(S (NP The ambitious Warsaw project )NP (ADVP still )ADVP (VP *UNK (NP (NP approval )NP (PP by (NP city officials )NP )PP )NP )VP . )S  STOP
(S (NP Its developer )NP (VP is (NP (NP a Polish American )NP , (NP *UNKC *UNKC )NP )NP )VP . )S  STOP
(S (NP He )NP (VP (VP had (VP worked (PP with (NP Mr. McDonough )NP )PP (PP on (NP an earlier project )NP )PP )VP )VP and (VP *UNKED (NP him )NP (PP as (NP (NP architect )NP (PP for (NP the trade center )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The center )NP (VP will (VP provide (NP (NP space )NP (PP for (NP (NP (NP computer hardware )NP and (NP facsimile and other telecommunications equipment )NP )NP , (ADJP not readily *UNK (PP in (NP Poland )NP )PP (ADVP now )ADVP )ADJP , )NP )PP (PP for (NP (NP a growing number )NP (PP of (NP (NP *UNKC )NP (VP doing (NP business )NP (PP in (NP Eastern Europe )NP )PP )VP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP Mr. McDonough )NP (VP thinks (PP of (NP the center )NP )PP (PP as (NP (NP (NP the `` *UNKC Tower )NP (PP of (NP Warsaw )NP )PP '' )NP and (NP (NP `` a symbol )NP (PP of (NP (NP the *UNK )NP (PP of (NP Poland )NP )PP )NP )PP )NP )NP )PP )VP . '' )S  STOP
(S (SBAR If (S (NP any nation )NP (VP can (VP use (NP (ADJP *UNKLY *UNK )ADJP architecture )NP )VP )VP )S )SBAR , (NP it )NP (VP is (NP Poland )NP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP vice president )NP (PP of (NP (NP World Resources Institute )NP (PP in (NP (NP Washington )NP , (NP D.C. )NP , )NP )PP )NP )PP )NP )NP (VP says (SBAR that (S (NP (NP perhaps a quarter )NP (PP of (NP (NP Poland 's )NP soil )NP )PP )NP (VP is (VP (ADVP too )ADVP *UNKED (PP for (NP safe *UNKING )NP )PP (PP because of (NP air pollution )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The pollution )NP (VP is (ADVP also )ADVP (VP (VP killing (NP *UNK )NP )VP and (VP *UNKING (NP (NP buildings )NP (SBAR (WHNP that )WHNP (S (VP date (ADVP back )ADVP (PP to (NP the Middle *UNKC )NP )PP )VP )S )SBAR )NP )VP )VP )VP . )S  STOP
(S (NP (NP The future )NP (PP of (NP the forest )NP )PP )NP (VP remains (ADJP uncertain )ADJP )VP . )S  STOP
(S (S (NP (NP (NP Mr. *UNKC 's )NP company )NP , (NP *UNKC Ltd. )NP , )NP (VP has (VP agreed (S (VP to (VP set (ADVP aside )ADVP (NP (NP the money )NP (SBAR (S (VP to (VP plant and maintain (NP it )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S , but (S (NP discussions )NP (VP are (ADVP still )ADVP (VP going (ADVP on )ADVP (PP over (SBAR (SBAR (WHADVP where )WHADVP (S (VP to (VP place (NP it )NP )VP )VP )S )SBAR and (SBAR (WHADVP how )WHADVP (S (VP to (VP ensure (SBAR that (S (NP it )NP (VP will (VP be (VP maintained )VP )VP )VP )S )SBAR )VP )VP )S )SBAR )SBAR )PP )VP )VP )S . )S  STOP
(S (PP After (NP all )NP )PP , (NP Mr. *UNKC )NP (VP says , `` (SBAR (S (PP in (NP Poland )NP )PP (NP there )NP (VP are n't (NP (NP too many people )NP (ADJP worried (PP about (NP the environment )NP )PP )ADJP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP 're (ADJP more worried (PP about (NP (NP *UNK )NP (PP on (NP the table )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (NP (NP Pittston Co. 's )NP third-quarter net income )NP (VP (VP plunged (NP 79 % )NP )VP , (S (VP reflecting (NP (NP the impact )NP (PP of (NP (NP a (ADJP prolonged and bitter )ADJP labor strike )NP (PP at (NP its coal operations )NP )PP )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP Net )NP (VP sank (PP to (NP (NP (QP $ 3.1 million )QP )NP , or (NP (NP eight cents )NP (NP a share )NP )NP )NP )PP , (S (VP including (NP (NP $ *UNKN )NP , or (NP (NP two cents )NP (NP a share )NP )NP )NP )VP )S , (S (VP reflecting (NP a *UNK- *UNK- )NP )VP )S )VP . )S  STOP
(S (PP In (NP the year-ago quarter )NP )PP , (NP net )NP (VP totaled (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 38 cents )NP (NP a share )NP )NP )NP , (S (VP including (NP (NP (QP $ 4 million )QP )NP , or (NP (NP 10 cents )NP (NP a share )NP )NP )NP )VP )S , (S (VP reflecting (NP a *UNK- *UNK- )NP )VP )S )VP . )S  STOP
(S (NP Revenue )NP (VP slipped (NP 0.7 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP Pittston )NP (ADVP also )ADVP (VP owns (NP (NP (NP (NP *UNKC 's )NP Inc. )NP , (NP the security service )NP )NP , and (NP (NP *UNKC Air Express )NP , (NP the *UNK- concern )NP )NP )NP )VP . )S  STOP
(S (S (PP In (NP (NP addition )NP (PP to (NP (NP expected losses )NP (VP tied (PP to (NP the labor strike )NP )PP )VP )NP )PP )NP )PP , (NP the coal group )NP (VP has (VP spent (NP (QP almost $ 20 million )QP )NP (SBAR since (S (NP the strike )NP (VP began )VP )S )SBAR (PP for (NP security )NP )PP )VP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (PP As (NP a result )NP )PP , (NP (NP the group 's )NP third-quarter loss )NP (VP widened (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (NP the second quarter 's )NP (QP $ 3.6 million )QP )NP )PP )VP . )S  STOP
(S (S (NP Pittston )NP (VP continues (S (VP to (VP hire (NP replacement workers )NP )VP )VP )S )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (S (NP (NP Burlington 's )NP operating profit )NP (VP grew (PP to (NP (QP $ 9.2 million )QP )NP )PP (PP from (NP (QP $ 3.8 million )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP )S , (NP Pittston )NP (VP said )VP . )S  STOP
(S (S (SBAR While (S (NP `` (NP the tone )NP '' (PP of (NP domestic and international *UNK- markets )NP )PP )NP (VP remains (NP sound )NP )VP )S )SBAR , (NP seasonal factors )NP (VP are (ADJP likely (S (VP to (VP *UNK (NP Burlington Air )NP (PP from (S (VP matching (NP third-quarter results )NP (PP in (NP the fourth quarter )NP )PP )VP )S )PP )VP )VP )S )ADJP )VP )S , (NP Pittston )NP (VP said )VP . )S  STOP
(S (NP (NP *UNKC 's )NP operating profit )NP (VP was (ADJP about flat (PP with (NP the year-earlier period )NP )PP )ADJP , (S (VP reflecting (NP continued pricing and cost pressures )NP )VP )S )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP (NP Friday )NP , (NP Pittston )NP (VP closed (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP , (ADVP down (NP 12.5 cents )NP )ADVP )VP . )S  STOP
(SQ Does n't (NP (NP anybody )NP (ADVP here )ADVP )NP (VP want (S (VP to (VP win (NP (NP this mayor 's )NP race )NP )VP )VP )S )VP ? )SQ  STOP
(S (SBAR As (S (NP they )NP (VP *UNK and *UNK (PP toward (NP (NP election day )NP (NP (NP two weeks )NP (PP from (NP tomorrow )NP )PP )NP )NP )PP )VP )S )SBAR , (NP both (NP Democrat David Dinkins )NP and (NP Republican *UNKC Giuliani )NP )NP (VP are (PP in (NP trouble )NP )PP )VP . )S  STOP
(S (NP (NP Mr. Dinkins )NP , (NP the Manhattan borough president )NP , )NP (VP can (VP afford (NP more *UNKING and *UNKING )NP (SBAR because (S (NP he )NP (VP holds (NP a comfortable *UNK- lead )NP (PP in (NP (NP most )NP (PP of (NP the *UNK- polls )NP )PP )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S But , (PP in (NP the past 10 days )NP )PP , (NP he )NP (VP has (VP taken (NP (NP a series )NP (PP of (NP (NP body *UNK )NP (PP to (NP (NP his pride )NP and (NP his reputation )NP )NP )PP )NP )PP (SBAR (WHNP that )WHNP (VP could (VP (ADVP *UNKLY )ADVP affect (NP his ability (S (VP to (VP govern (NP this *UNK city )NP )VP )VP )S )NP (SBAR (SINV should (NP he )NP (VP become (NP (NP New York 's )NP first black mayor )NP )VP )SINV )SBAR )VP )VP )SBAR )NP )VP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP a *UNK opponent )NP (VP would (VP find (NP (NP a way )NP (SBAR (S (VP to (VP *UNK (PP on (NP (NP the other side 's )NP *UNK )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S But (NP (NP Mr. Giuliani )NP , (NP a *UNKED prosecutor )NP , )NP (VP has (VP had (NP (NP difficulty )NP (S (VP *UNKING (PP from (NP his *UNKING , *UNKING *UNK )NP )PP (PP to (NP (NP a political stance )NP (SBAR (WHNP that )WHNP (S (VP suggests (SBAR (S (NP he )NP (VP might (VP know (NP (NP something )NP (PP about (S (VP running (NP this big , troubled city )NP )VP )S )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )S )NP )VP )VP . )S  STOP
(S And (ADVP now )ADVP , (PP at (NP the crucial moment )NP )PP , (NP he )NP (VP 's (VP running (PP out (PP of (NP money )NP )PP )PP )VP )VP . )S  STOP
(S (S (NP This )NP (VP is (NP (NP the nation 's )NP biggest city )NP )VP )S and , (S (ADVP traditionally )ADVP , (NP its mayor )NP (VP is (NP (NP the nation 's )NP *UNK- urban politician )NP )VP )S . )S  STOP
(S (NP Democrats )NP (VP hoped (SBAR that (S (NP Mr. Dinkins )NP (VP could (VP become (NP a highly visible national leader )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Republicans )NP (VP figured (SBAR (SBAR that (S (PP in (NP (NP Mr. Giuliani )NP , (NP (NP the nation 's )NP *UNK- prosecutor )NP , )NP )PP (NP they )NP (VP had (NP (NP a chance )NP (PP for (NP (NP a huge upset )NP (PP in (NP (NP the heart )NP (PP of (NP Democratic territory )NP )PP )NP )PP )NP )PP )NP )VP )S )SBAR and (SBAR that (S (NP they )NP (VP would (VP pick (PRT up )PRT (NP a new political star )NP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S But (NP it )NP (VP has n't (VP worked (PRT out )PRT (NP that way )NP )VP )VP . )S  STOP
(SINV `` (S (NP Dinkins )NP (VP is (NP a (ADJP decent but *UNK )ADJP guy )NP )VP )S , '' (VP says )VP (NP (NP David *UNKC )NP , (NP (NP veteran campaign consultant )NP (ADVP here )ADVP (SBAR (WHNP who )WHNP (S (VP has (ADVP always )ADVP (VP worked (PP for (NP (NP Mayor Edward Koch )NP , (VP defeated (PP by (NP Mr. Dinkins )NP )PP (PP in (NP the Sept. 12 Democratic primary )NP )PP )VP )NP )PP )VP )VP )S )SBAR )NP )NP . )SINV  STOP
(S `` (NP (NP The alternative )NP (PRN -- (NP Giuliani )NP -- )PRN )NP (VP is (ADJP *UNKLY )ADJP )VP . '' )S  STOP
(SINV `` (S (NP I )NP (VP guess (SBAR (S (NP we )NP (VP 'll (ADVP *UNKLY )ADVP (VP (VP go (ADVP ahead )ADVP )VP and (VP (VP do (NP it )NP )VP , (VP vote (PP for (NP Dinkins )NP )PP )VP )VP )VP )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP Richard *UNKC )NP , (NP (NP a politically active professor )NP (SBAR (WHNP who )WHNP (S (VP supported (NP (NP Richard *UNKC )NP , (NP (NP an *UNK- )NP (PP in (NP the Democratic primary )NP )PP )NP )NP )VP )S )SBAR )NP )NP . )SINV  STOP
(S `` (NP There )NP (VP 's (NP nothing )NP (PP on (NP the other side )NP )PP )VP . '' )S  STOP
(SINV `` (S (NP We )NP (VP 're (VP picking (PRT up )PRT (NP steam )NP )VP )VP )S , '' (VP insists )VP (NP (NP Roger *UNKC )NP , (NP (NP Mr. Giuliani 's )NP media consultant )NP , (SBAR (WHNP whose last big campaign )WHNP (S (VP helped (S (VP put (NP George Bush )NP (PP in (NP the White House )NP )PP )VP )S )VP )S )SBAR )NP . )SINV  STOP
(S (NP He )NP (VP adds : (S `` (NP It )NP (ADVP just )ADVP (VP has n't (VP gotten (PRT down )PRT (PP to (NP the engine room )NP )PP (ADVP yet )ADVP )VP )VP )S )VP . '' )S  STOP
(S But (NP the steam )NP (VP may (ADVP never )ADVP (VP reach (NP the engine room )NP )VP )VP . )S  STOP
(S For , (SBAR just as (S (NP Mr. Giuliani )NP (VP *UNK (PRT on )PRT (PP to (NP (NP an issue )NP (SBAR (WHNP that )WHNP (S (VP has (S (NP Mr. Dinkins )NP (VP *UNKING )VP )S )VP )S )SBAR )NP )PP )VP )S )SBAR , (NP his campaign )NP (VP (ADVP desperately )ADVP needs (NP cash )NP (S (VP to (VP keep (NP (NP Mr. *UNKC 's )NP commercials )NP (PP on (NP the air )NP )PP (PP beyond (NP Wednesday or Thursday )NP )PP )VP )VP )S )VP . )S  STOP
(S (S (VP To (VP help (ADVP out )ADVP (NP this week )NP )VP )VP )S , (NP the White House )NP (VP is (VP *UNKING (NP (NP (NAC chief (PP of (NP staff )NP )PP )NAC John *UNKC )NP and (NP (NP three *UNKC members )NP -- (NP (NP (NP HUD 's )NP Jack Kemp )NP , (NP (NP Transportation 's )NP Samuel *UNKC )NP and (NP (NP Treasury 's )NP (NP Nicholas Brady )NP )NP )NP )NP )NP , (PP according (PP to (NP (NP Peter *UNKC )NP , (NP the Giuliani campaign manager )NP )NP )PP )PP )VP )VP . )S  STOP
(S (PP For (NP (NP Republicans )NP (SBAR (WHNP who )WHNP (S (VP began (NP this campaign )NP (PP with (NP such high hopes )NP )PP )VP )S )SBAR )NP )PP , (NP (NP all )NP (PP of (NP this )NP )PP )NP (VP is (ADJP deeply *UNKING )ADJP )VP . )S  STOP
(S (NP *UNKLY )NP , (NP New York )NP (VP is (ADVP almost always )ADVP (PP in (NP trouble )NP )PP )VP . )S  STOP
(S But (NP (NP the trouble )NP (SBAR (S (NP it )NP (VP faces (ADVP now )ADVP (PP under (NP Democratic rule )NP )PP )VP )S )SBAR )NP (VP seems (ADJP (ADJP (ADJP bigger )ADJP and (ADJP more *UNKING )ADJP )ADJP (PP than (NP (NP anything )NP (SBAR (S (NP it )NP (VP has (VP faced (PP in (NP the past )NP )PP )VP )VP )S )SBAR )NP )PP )ADJP )VP . )S  STOP
(S (NP This year )NP , (NP the city )NP (VP faces (NP (NP a budget deficit )NP (SBAR (WHNP that )WHNP (S (VP could (VP become (ADJP even bigger )ADJP (NP next year )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S And (ADJP hardly surprising )ADJP , (NP (NP many residents )NP (VP trying (S (VP to (VP cope (PP with (NP (NP the city 's )NP other problems )NP )PP )VP )VP )S )VP )NP (VP are (ADVP constantly )ADVP (PP on (NP edge )NP )PP , (S (NP one ethnic group )NP (VP *UNKING (PP with (NP another )NP )PP )VP )S )VP . )S  STOP
(SINV `` (S (NP People )NP (VP were n't (ADJP so happy )ADJP (PP in (NP the 1930s )NP )PP )VP )S , '' (VP says )VP (NP (NP Thomas *UNKC )NP , (NP (NP another local professor )NP and (NP (NP the *UNK )NP (PP of (NP (NP the legendary *UNKC *UNKC )NP , (NP (NP (NP the city 's )NP fusion mayor )NP (SBAR (WHNP who )WHNP (S (VP built (NP (NP a coalition )NP (SBAR (S (NP Mr. Giuliani )NP (VP hopes (S (VP to (VP *UNK )VP )VP )S )VP )S )SBAR )NP )VP )S )SBAR )NP )NP )PP )NP )NP )NP . )SINV  STOP
(S `` But , (PP at (ADJP least )ADJP )PP , (ADVP back then )ADVP (NP they )NP (VP did n't (ADVP generally )ADVP (VP direct (NP their anger )NP (PP at (NP each other )NP )PP )VP )VP . '' )S  STOP
(S (NP (NP The *UNK- Mr. Dinkins )NP , (NP an *UNK- )NP , )NP (VP has (VP served (PP (PP as (NP the city clerk )NP )PP and (PP as (NP (NP Manhattan borough president )NP , (NP (NP a job )NP (PP with (NP limited executive responsibilities )NP )PP )NP )NP )PP )PP )VP )VP )S  STOP
(SINV -LRB- `` (S (NP I )NP (VP *UNK (S (NP you )NP (VP to (VP come (ADVP up )ADVP (PP with (NP (NP one major *UNK )NP (PP of (NP David Dinkins )NP )PP )NP )PP )VP )VP )S )VP )S , '' (VP says )VP (NP Mr. Giuliani )NP . -RRB- )SINV  STOP
(S (NP He )NP (VP defeated (NP the *UNK Mr. Koch )NP (PP in (NP the Democratic primary )NP )PP (SBAR partly because (S (NP he )NP (VP seemed (S (VP to (VP offer (NP hope (SBAR (S (NP he )NP (VP could (VP *UNK (NP (NP the city 's )NP racial and ethnic *UNK )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP His *UNK- campaign )NP (VP is (UCP (ADJP almost *UNKC )ADJP , (NP (NP all *UNKED pictures )NP and (NP *UNKING words )NP )NP )UCP )VP . )S  STOP
(S (NP His theme )NP (VP is (NP (NP *UNK , *UNK , *UNK , )NP (VP bringing (NP New York )NP (ADVP together )ADVP (ADVP again )ADVP )VP )NP )VP . )S  STOP
(S (S (NP Both candidates )NP (VP are (VP negotiating (PP about (S (VP holding (NP *UNK )NP )VP )S )PP )VP )VP )S , but (S (NP Mr. Dinkins )NP (VP is (ADVP widely )ADVP (VP seen (PP as (NP (NP the major obstacle )NP (PP for (S (VP *UNKING (NP them )NP )VP )S )PP )NP )PP )VP )VP )S . )S  STOP
(S (NP The *UNK- Mr. Giuliani )NP (VP has (VP run (NP a negative campaign )NP (S (VP to (VP pick (PRT up )PRT (NP (NP votes )NP (VP *UNKING (PP to (NP Mr. Dinkins )NP )PP )VP )NP )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP He )NP (VP 's (VP got (S (VP to (VP get (NP (NP Dinkins 's )NP *UNK )NP (PRT up )PRT )VP )VP )S )VP )VP )S , '' (VP says )VP (NP (NP Lee *UNKC )NP , (NP (NP director )NP (PP of (NP (NP the *UNKC College Institute )NP (PP of (NP Public *UNKC )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` But (NP our polls )NP (VP show (SBAR (S (NP voters )NP (VP do n't (VP like (NP the attack stuff )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (INTJ Why )INTJ , (NP (NP (QP even 20 )QP % )NP (PP of (NP the Republican vote )NP )PP )NP (VP is (VP going (PP to (NP Dinkins )NP )PP )VP )VP . '' )S  STOP
(SINV `` (S (NP It )NP (VP 's (NP *UNK- politics )NP )VP )S , '' (VP says )VP (NP (NP John *UNKC )NP , (NP (NP Mr. Dinkins 's )NP issues director )NP )NP , (S (VP insisting (SBAR (S (NP there )NP (VP is (NP (NP a strong *UNK *UNK )NP (PP to (NP the Giuliani effort )NP )PP )NP )VP )S )SBAR )VP )S . )SINV  STOP
(S (PP For (NP the Giuliani forces )NP )PP , (NP it )NP (VP 's (NP a *UNK )NP )VP . )S  STOP
(S (PP On (NP the one hand )NP )PP , (NP Mr. Giuliani )NP (VP wants (S (VP to (VP cut (PP into (NP (NP Mr. Dinkins 's )NP credibility )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP On (NP the other )NP )PP , (NP he )NP (VP seeks (S (VP to (VP convince (NP voters )NP (SBAR (S (NP he )NP (VP 's (UCP (NP the new *UNKC *UNKC )NP -- (ADJP (ADJP *UNK )ADJP , (ADJP *UNKED )ADJP and (ADJP ready (S (VP to (VP lead (NP New York )NP (PP out (PP of (NP (NP the mess )NP (SBAR (S (NP it )NP (VP 's (PP in )PP )VP )S )SBAR )NP )PP )PP )VP )VP )S )ADJP )ADJP )UCP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP (NP It )NP )NP (VP has n't (VP helped (SBAR (SBAR that (S (NP he )NP (VP 's (VP (VP *UNKED (PP on (NP (NP abortion )NP and (NP *UNK rights )NP )NP )PP )VP , (VP sought (NP (NP the support )NP (PP of (NP both the *UNKC and Conservative parties )NP )PP )NP (PRN -LRB- (S (NP he )NP (VP won (NP the Liberal *UNK )NP )VP )S -RRB- )PRN )VP )VP )VP )S )SBAR and (SBAR that (S (NP he )NP (VP turned (PP to (NP *UNK *UNKC Mason )NP )PP (PP for (NP (NP help )NP (PP with (NP Jewish voters )NP )PP )NP )PP )VP )S )SBAR )SBAR )VP )VP . )S  STOP
(S (NP Mr. Mason )NP (VP left (NP the campaign )NP (PP after (S (VP telling (NP reporters )NP (SBAR (S (NP Mr. Dinkins )NP (VP is (NP (NP `` a *UNK ' )NP (PP with (NP a *UNK )NP )PP )NP )VP )S )SBAR )VP )S )PP )VP . '' )S  STOP
(S (NP *UNKC )NP (VP is (NP (NP a *UNK *UNKC word )NP (PP for (NP a black person )NP )PP )NP )VP . )S  STOP
(S (NP Mr. Dinkins )NP (VP concedes (NP nothing )NP (PP in (NP his ability (S (VP to (VP *UNK and *UNK )VP )VP )S )NP )PP )VP . )S  STOP
(S (NP He )NP (VP can (VP match (NP *UNKC Mason )NP (PP with (NP (NP his own Robert `` *UNKC '' *UNKC )NP , (NP (NP an angry street *UNK )NP (SBAR (WHNP who )WHNP (S (VP was (VP convicted (PP of (NP *UNKING )NP )PP (PP in (NP 1974 )NP )PP )VP )VP )S )SBAR )NP )NP )PP )VP )VP . )S  STOP
(S (NP The Dinkins campaign )NP (VP paid (NP Mr. *UNKC )NP (NP (QP close to $ 10,000 )QP )NP (S (VP to (VP get (PRT out )PRT (NP the vote )NP (PP on (NP *UNK- day )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP Paper work )NP (PP on (SBAR (WHADVP how )WHADVP (S (NP it )NP (VP was (VP spent )VP )VP )S )SBAR )PP )NP (VP is (ADJP *UNK )ADJP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP has (VP been (VP charged (PP with (S (VP being (ADJP *UNK- )ADJP )VP )S )PP )VP )VP )VP . )S  STOP
(S (S (VP Asked (PP about (NP that )NP )PP (NP the other day )NP )VP )S , (NP he )NP (VP replied , `` (ADJP *UNKC )ADJP )VP ? )S  STOP
(S (NP I )NP (VP 'm (ADJP *UNK- )ADJP )VP . '' )S  STOP
(SINV (ADJP More troubling (PP for (NP Mr. Dinkins )NP )PP )ADJP (VP is )VP (NP (NP his record )NP (PP in (NP personal accounting )NP )PP )NP . )SINV  STOP
(S (NP It )NP (VP began (PP in (NP (NP 1973 )NP , (SBAR (WHADVP when )WHADVP (S (S (NP he )NP (VP was (VP being (VP considered (PP for (NP deputy mayor )NP )PP )VP )VP )VP )S , and (S (NP a routine check )NP (VP *UNKED (NP the extraordinary fact (SBAR that (S (NP he )NP (VP had n't (VP paid (NP his income tax )NP (PP for (NP the previous four years )NP )PP )VP )VP )S )SBAR )NP )VP )S )S )SBAR )NP )PP )VP . )S  STOP
(S `` (S (NP I )NP (VP was (ADVP always )ADVP (VP going (S (VP to (VP do (NP it )NP (NP tomorrow )NP )VP )VP )S )VP )VP )S , '' (NP he )NP (VP explained (PP at (NP the time )NP )PP )VP . )S  STOP
(S And (ADVP now )ADVP (NP he )NP (VP 's (VP (ADVP *UNKLY )ADVP trying (S (VP to (VP explain (NP (NP an arrangement )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP he )NP (VP sold (NP (NP stock )NP (PP in (NP (NP *UNKC City Broadcasting Co. )NP , (VP headed (PP by (NP (NP his old friend and *UNK )NP , (NP *UNKC Sutton )NP , )NP )PP )VP )NP )PP )NP (PP to (NP (NP his son )NP , (NP David Dinkins Jr. )NP , )NP )PP (PP for (NP $ *UNKN )NP )PP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP He )NP (VP had (VP valued (NP the shares )NP (PP at (NP (QP more than $ 1 million )QP )NP )PP (ADVP (NP two years )NP earlier )ADVP )VP )VP . )S  STOP
(S (NP He )NP (VP says (SBAR (S (NP he )NP (VP sold (NP the stock )NP (S (VP to (VP avoid (NP (NP *UNK- problems )NP (PP in (NP (NP his role )NP (PP as (NP (NP a voting member )NP (PP of (NP (NP (NP the city 's )NP Board )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP says (SBAR (S (NP his son )NP (VP has n't (VP paid (PP for (NP the shares )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP It )NP (VP looks (PP like (NP serious tax *UNK )NP )PP )VP )S , '' (VP says )VP (NP (NP Mr. *UNKC )NP , (NP the Giuliani media consultant )NP )NP . )SINV  STOP
(S `` (NP It )NP (VP follows (NP (NP the same pattern )NP (PP as (NP his tax returns )NP )PP )NP )VP . )S  STOP
(S (NP He )NP (VP *UNK (S (VP to (VP talk (PP about (NP it )NP )PP )VP )VP )S (PP until (SBAR after (S (NP he )NP (VP gets (VP caught )VP )VP )S )SBAR )PP )VP . '' )S  STOP
(SINV `` (S (NP He )NP (ADVP simply )ADVP (VP has n't (VP explained (SBAR (WHADVP why )WHADVP (S (NP (NP something )NP (ADJP worth (NP a million dollars )NP )ADJP )NP (VP ended (PRT up )PRT (ADJP worth (NP $ *UNKN )NP )ADJP (ADVP (NP two years )NP later )ADVP )VP )S )SBAR )VP )VP )S , '' (VP says )VP (NP (NP Mr. *UNKC )NP , (NP the Giuliani campaign manager )NP )NP . )SINV  STOP
(S `` (NP It )NP (VP 's (ADJP *UNK (SBAR for (S (NP him )NP (VP to (VP suggest (SBAR (S (NP it )NP (VP 's (NP (NP the difference )NP (PP between (NP (NP (NP *UNK ' value )NP (PP of (NP the shares )NP )PP )NP and (NP their market value )NP )NP )PP )NP )VP )S )SBAR )VP )VP )S )SBAR )ADJP )VP . '' )S  STOP
(S (ADVP So far )ADVP (ADVP though )ADVP , (NP (NP no one )NP (PRN -- (NP not even former U.S. attorney Giuliani )NP -- )PRN )NP (VP has (VP been (ADJP able (S (VP to (VP *UNK (SBAR (SBAR (WHNP just what law )WHNP (S (NP Mr. Dinkins )NP (VP has (VP broken )VP )VP )S )SBAR or (SBAR (WHNP just what tax )WHNP (S (NP he )NP (VP has (VP *UNKED )VP )VP )S )SBAR )SBAR )VP )VP )S )ADJP )VP )VP . )S  STOP
(SINV `` (S (NP The crime )NP (VP goes (PP to (NP character )NP )PP )VP )S , '' (VP says )VP (NP (NP Ron *UNKC )NP , (NP (NP a consultant )NP (PP to (NP the Giuliani campaign )NP )PP )NP )NP . )SINV  STOP
(S `` (NP It )NP (VP 's (NP serious stuff )NP )VP . )S  STOP
(S (NP He )NP (VP *UNK and *UNK )VP . )S  STOP
(S (S (NP He )NP (VP 's (VP had (NP (NP a history )NP (PP of (NP *UNK )NP )PP )NP )VP )VP )S and (S (NP this )NP (VP is (NP the latest *UNK )NP )VP )S . '' )S  STOP
(SINV `` (S (NP It )NP (VP makes (S (NP people )NP (VP think , (S (ADVP maybe )ADVP (NP this guy )NP (VP is n't (ADJP so *UNK clean )ADJP (PP after (NP all )NP )PP )VP )S )VP )S )VP )S , '' (VP says )VP (NP (NP Mr. *UNKC )NP , (NP (NP Mayor Koch 's )NP media consultant )NP )NP . )SINV  STOP
(S `` (NP The result )NP (VP may (VP turn (PRT out )PRT (S (VP to (VP be (ADJP (ADJP a lot closer )ADJP (SBAR than (S (NP people )NP (VP think )VP )S )SBAR )ADJP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The *UNKING scandal )NP (VP surrounding (NP (NP the 1982 collapse )NP (PP of (NP Banco *UNKC )NP )PP )NP )VP )NP (VP was (VP *UNKED (PP by (NP (NP the arrest )NP (NP last week )NP (PP of (NP Rome businessman *UNKC *UNKC )NP )PP (PP on (NP fraud charges )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Rome *UNK )NP (VP *UNK (NP (NP Mr. *UNKC )NP and (NP several other people )NP )NP (PP of (S (VP trying (S (VP to (VP *UNK (NP (NP (QP 1.2 billion )QP lire )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN )NP (PP from (NP the Vatican )NP )PP (PP in (NP (NP return )NP (PP for (NP (NP documents )NP (VP contained (PP in (NP (NP the *UNK )NP (PP of (NP (NP *UNKC *UNKC )NP , (NP (NP the *UNKC chairman )NP (VP found (S (VP *UNKED (PP under (NP (NP London 's )NP (NP *UNKC 's )NP Bridge )NP )PP (PP shortly before (NP (NP the bank 's )NP collapse )NP )PP )VP )S )VP )NP )NP )PP )NP )PP )VP )NP )PP )NP )PP )VP )VP )S )VP )S )PP )VP . )S  STOP
(S (NP (NP Banco *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP was (NP (NP Italy 's )NP largest private-sector bank )NP )VP )S )SBAR , )NP (VP collapsed (PP in (NP 1982 )NP )PP (PP with (NP (NP (QP $ 1.3 billion )QP )NP (PP of (NP debts )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Most )NP (PP of (NP the money )NP )PP )NP (VP was (VP lent (PP to (NP (NP a series )NP (PP of (NP (NP shell companies )NP (PP in (NP Panama and *UNKC )NP )PP (SBAR (WHNP that )WHNP (S (VP were (VP owned , (ADVP directly or indirectly )ADVP , (PP by (NP the Vatican bank )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The Vatican )NP , (SBAR (WHNP which )WHNP (S (VP denies (NP any wrongdoing )NP )VP )S )SBAR , )NP (VP paid (NP (QP $ 250 million )QP )NP (PP to (NP (NP the Milan bank 's )NP creditors )NP )PP (PP as (NP a `` *UNK *UNK '' )NP )PP (PP in (NP 1985 )NP )PP )VP . )S  STOP
(S (NP Italian news reports )NP (VP said (SBAR (S (NP (NP Mr. *UNKC )NP and (NP a *UNK )NP )NP (VP obtained (NP (NP (QP 1.2 billion )QP lire )NP (PP in (NP checks )NP )PP )NP (PP from (NP (NP a Vatican official )NP , (NP *UNKC *UNKC )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Italian papers )NP (VP speculated (SBAR (S (NP the *UNK )NP (VP contained (NP (NP papers )NP (VP either (VP *UNKING (NP the Vatican bank )NP (PP from (NP (NP blame )NP (PP in (NP the scandal )NP )PP )NP )PP )VP , or (VP showing (SBAR that (S (NP (NP the bank )NP , (VP known (PP as (NP the *UNKC per *UNK *UNKC *UNK *UNKC )NP )PP )VP , )NP (VP *UNKED (NP funds )NP (PP to (NP (NP East bloc groups )NP (PP such as (NP (NP Solidarity )NP (PP in (NP Poland )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP )VP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Neither (NP Mr. *UNKC )NP , (NP Mr. *UNKC )NP nor (NP Vatican officials )NP )NP (VP could (VP be (VP reached (PP for (NP comment )NP )PP (PP over (NP the weekend )NP )PP )VP )VP )VP . )S  STOP
(S (NP This business trust company )NP (VP said (SBAR (S (NP its board )NP (VP elected (NP (NP *UNKC E. *UNKC )NP , (NP (NP a consultant )NP (PP to (NP Drexel Burnham Lambert Group Inc. )NP )PP )NP , )NP (PP (PP as (NP (NP chief executive officer )NP , (NP a new post )NP , )NP )PP and (PP as (NP president )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP succeeds (NP (NP Richard D. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP will (VP remain (PP as (NP (NP a consultant )NP (PP to (NP the company )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Both men )NP (VP were (ADJP unavailable (S (VP to (VP comment )VP )VP )S )ADJP )VP . )S  STOP
(S (NP The company )NP (ADVP also )ADVP (VP named (S (NP (NP Michael E. *UNKC )NP , (NP (NP a director )NP and (NP a major shareholder )NP )NP , )NP (VP to (VP fill (NP (NP the vacant seat )NP (PP of (NP chairman )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP Britain 's )NP *UNKC *UNKC Office )NP (VP said (SBAR (S (NP it )NP (VP will (VP investigate (NP (NP the circumstances )NP (VP surrounding (NP (NP alleged *UNK contracts )NP (PP at (NP (NP *UNKC International *UNKC PLC 's )NP International *UNKC & Control unit )NP )PP )NP )VP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The investigation )NP , (SBAR (WHNP which )WHNP (S (VP will (VP be (VP *UNKED (PP with (NP (NP one )NP (PP (ADVP already )ADVP under (NP (NP way )NP (PP in (NP the U.S. )NP )PP )NP )PP )NP )PP )VP )VP )VP )S )SBAR , )NP (VP follows (NP (NP the discovery )NP (PP of (SBAR (WHNP what )WHNP (S (NP *UNKC )NP (VP has (VP called (S (NP (NP a `` serious '' fraud )NP (VP involving (NP its U.S. subsidiary )NP )VP )NP )S )VP )VP )S )SBAR )PP )NP )VP . )S  STOP
(S (NP (NP (NP International *UNKC & Control )NP , (NP (NP *UNKC )NP , (NP Pa. )NP )NP , )NP (NP a *UNK- manufacturer )NP , )NP (VP was (VP bought (PP by (NP *UNKC )NP )PP (PP in (NP 1987 )NP )PP (PP for (NP (NP (QP # *UNKN million )QP )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP has (VP said (SBAR that (S (NP it )NP (VP would (VP be (VP forced (S (VP to (VP write (PRT off )PRT (NP (QP # 185 million )QP )NP (PP against (NP the *UNK contracts )NP )PP , (S (VP reducing (NP its net asset value )NP (PP by (NP (QP more than half )QP )NP )PP )VP )S )VP )VP )S )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP The *UNKC *UNKC Office )NP , (NP (NP a division )NP (PP of (NP (NP London 's )NP Metropolitan Police )NP )PP (ADJP responsible (PP for (S (VP investigating (NP financial crimes )NP )VP )S )PP )ADJP )NP , )NP (VP said (SBAR (S (NP its work )NP (VP would (VP take (PRT in )PRT `` (NP (NP allegations )NP (PP of (NP (NP fraud )NP (UCP (ADVP prior (PP to )PP )ADVP , (VP surrounding )VP and (ADJP subsequent (PP to )PP )ADJP (NP the merger )NP )UCP )NP )PP )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (SBAR that (S (NP it )NP (VP *UNK (NP the investigation )NP )VP )S )SBAR and (SBAR that (S (NP it )NP (VP will `` (VP cooperate (ADVP fully )ADVP )VP )VP )S )SBAR )SBAR )VP . '' )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP *UNKC 's )NP chairman )NP , )NP (VP has (VP said (SBAR (S (NP he )NP (VP hoped (S (VP to (VP pursue (NP (NP legal action )NP (PP against (NP (NP those )NP (ADJP responsible )ADJP )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The British defense electronics group )NP (VP has (VP said (SBAR (S (NP it )NP (VP (VP will (VP sell (NP (NP (QP # 100 million )QP )NP (PP in (NP assets )NP )PP )NP )VP )VP and (VP may (VP seek (NP a merger )NP (S (VP to (VP strengthen (NP itself )NP (PP in (NP (NP the wake )NP (PP of (NP its troubles )NP )PP )NP )PP )VP )VP )S )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Chicago businessmen (NX (NX *UNKC M. Lee )NX and (NX Peter *UNKC )NX )NX )NP (VP signed (NP a new agreement (S (VP to (VP purchase (NP the Denver *UNKC basketball team )NP )VP )VP )S )NP , but (PP not as (NP principal owners )NP )PP )VP . )S  STOP
(S (PP On (NP Saturday )NP )PP , (NP the partners )NP (VP said (SBAR (S (NP the team )NP (VP would (VP be (VP purchased (PP for (NP (QP $ 54 million )QP )NP )PP (PP by (NP (NP a new group )NP (PP including (NP (NP *UNKC *UNKC Enterprises Inc. )NP , (NP (NP (NP a unit )NP (PP of (NP Communications Satellite Corp. )NP )PP )NP (VP based (ADVP here )ADVP )VP )NP )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP will (VP pay (NP (QP $ 17 million )QP )NP (PP for (NP a (ADJP 62.5 % )ADJP interest )NP )PP , (PP with (S (NP Messrs. Lee and *UNKC )NP (VP putting (PRT up )PRT (NP (QP $ 8 million )QP )NP (PP for (NP (NP a (ADJP 37.5 % )ADJP stake )NP (PP in (NP the team )NP )PP )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S (PP Under (NP (NP terms )NP (PP of (NP the sale )NP )PP )NP )PP , (NP *UNKC owner *UNKC *UNKC )NP (VP could (VP receive (NP (NP (QP up to $ 11 million )QP )NP (PP in (NP additional payments )NP )PP )NP (PP from (NP (NP the franchise 's )NP future earnings )NP )PP )VP )VP . )S  STOP
(S (NP Messrs. Lee and *UNKC )NP (NP last July )NP (VP announced (NP (NP a deal )NP (SBAR (WHNP that )WHNP (S (VP would (VP have (VP made (S (NP them )NP (NP (NP the first black principal owners )NP (PP of (NP a major professional sports franchise )NP )PP )NP )S )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S But (NP the deal )NP (VP fell (ADVP apart )ADVP (NP last week )NP (PP for (NP (NP lack )NP (PP of (NP financing )NP )PP )NP )PP )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP is (VP headed (PP by (NP (NP Robert *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP resigned (NP (NP his No. 2 executive post )NP (PP with (NP Turner Broadcasting System Inc. )NP )PP )NP (ADVP (NP just two weeks )NP ago )ADVP (S (VP to (VP take (NP the *UNKC position )NP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP *UNK- programs )NP (PP to (NP hotel rooms )NP )PP )VP )S )SBAR , )NP (VP plans (S (VP to (VP add (NP *UNKC games )NP (PP to (NP their offerings )NP )PP )VP )VP )S , (SBAR as (S (NP Mr. Turner )NP (VP did (ADVP successfully )ADVP (PP with (NP his Atlanta *UNKC and *UNKC sports teams )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Messrs. Lee and *UNKC )NP (VP will (VP manage (NP (NP the *UNKC ' )NP *UNK- affairs )NP )VP )VP . )S  STOP
(S (NP Royal Business Group Inc. )NP (VP said (SBAR (S (NP it )NP (VP filed (NP suit )NP (PP in (NP (NP federal court )NP (ADVP here )ADVP )NP )PP (S (VP charging (NP (NP *UNKC Inc. )NP and (NP its directors )NP )NP (PP with (S (VP violating (NP federal securities laws )NP `` (PP by (S (VP *UNKING (PP in (NP a scheme (S (VP to (VP prevent '' (NP Royal )NP (PP from (S (VP acquiring (NP *UNKC )NP )VP )S )PP )VP )VP )S )NP )PP )VP )S )PP )VP )S )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Royal )NP , (SBAR (WHNP which )WHNP (S (VP makes and distributes (NP business forms )NP )VP )S )SBAR , )NP (VP owns (NP (NP an (ADJP 8 % )ADJP stake )NP (PP in (NP *UNKC )NP )PP )NP )VP . )S  STOP
(S (NP Royal )NP (VP contends (SBAR that (S (NP *UNKC )NP (VP failed (S (VP to (VP disclose (NP (NP material information )NP , (PP including (NP (NP Realist 's )NP negotiations (S (VP to (VP acquire (NP *UNKC *UNKC *UNKC AG )NP )VP )VP )S )NP )PP , )NP (PP to (NP stockholders )NP )PP (PP prior (PP to (NP (NP Realist 's )NP June 6 annual meeting )NP )PP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Royal 's )NP suit )NP (VP contends (SBAR that (S (NP the *UNKC acquisition )NP (VP was `` (VP designed (S (VP to (VP (VP *UNK (NP management )NP )VP and (VP *UNK (NP (NP Royal 's )NP offer )NP )VP )VP )VP )S )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Royal )NP (VP withdrew (NP its offer (S (VP to (VP buy (NP (NP Realist )NP , (NP (NP (NP a maker )NP (PP of (NP optical and electronic products )NP )PP )NP (VP based (PP in (NP (NP *UNKC Falls )NP , (NP *UNKC )NP , )NP )PP )VP )NP )NP (PP for (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP (PP in (NP July )NP )PP )VP )VP )S )NP (SBAR after (S (NP Realist )NP (VP disclosed (NP the *UNKC purchase )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The suit )NP (VP seeks `` (PP in (NP (NP excess )NP (PP of (NP (NP $ *UNKN )NP (PP in (NP damages )NP )PP )NP )PP )NP )PP )VP . '' )S  STOP
(S (NP A Realist official )NP (VP said (SBAR (S (NP the company )NP (VP (VP had n't (ADVP yet )ADVP (VP received (NP the full complaint )NP )VP )VP and (VP would n't (VP have (NP a response )NP (SBAR until (S (NP it )NP (VP had (NP an opportunity (S (VP to (VP review (NP it )NP )VP )VP )S )NP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC Industries Inc. )NP , (VP battered (PP by (NP (NP a *UNKING slowdown )NP (PP in (NP *UNK vehicle industry sales )NP )PP )NP )PP )VP , )NP (VP (VP reported (NP a widened fourth-quarter loss )NP )VP and (VP slashed (NP its dividend )NP (PP in (NP half )NP )PP )VP )VP . )S  STOP
(S (NP (NP The (NAC Forest City , Iowa , )NAC maker )NP (PP of (NP motor homes )NP )PP )NP (VP said (SBAR (S (NP it )NP (VP had (NP (NP a loss )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 46 cents )NP (NP a share )NP )NP )NP )PP )NP , (PP in (NP (NP the quarter )NP (VP ended (NP Aug. 26 )NP )VP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (ADVP (NP A year )NP earlier )ADVP , (NP the company )NP (VP had (NP (NP a deficit )NP (PP of (NP (NP (QP $ 1.5 million )QP )NP , or (NP (NP six cents )NP (NP a share )NP )NP )NP )PP )NP )VP . )S  STOP
(SINV (S (NP (NP The cut )NP (PP in (NP the dividend )NP )PP (PP (PP to (NP (NP 10 cents )NP (NP a share )NP (ADVP *UNKLY )ADVP )NP )PP , (PP from (NP 20 cents )NP )PP , )PP )NP `` (VP would (VP indicate (PP to (NP me )NP )PP (SBAR (S (NP they )NP (VP do n't (VP see (S (NP the problems )NP (VP being (VP fixed (ADVP real quick )ADVP )VP )VP )S )VP )VP )S )SBAR )VP )VP , '' )S (VP said )VP (NP (NP Frank *UNKC )NP , (NP (NP an analyst )NP (PP at (NP (NP *UNKC *UNKC Inc. )NP (PP in (NP Minneapolis )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (ADVP Indeed )ADVP , (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP started `` (NP several promotional programs )NP '' (S (VP to (VP spur (NP retail sales )NP )VP )VP )S (PP in (NP the fall and winter )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The year )NP (VP was (ADVP already )ADVP (VP *UNKING (ADVP up )ADVP (PP as (NP (NP a difficult one )NP (PP for (NP (NP the *UNK vehicle industry )NP , (SBAR (WHNP which )WHNP (S (VP makes (NP (NP products )NP (PP such as (NP (NP motor homes )NP , (NP travel *UNK )NP , (NP *UNKING *UNK )NP and (NP van *UNK )NP )NP )PP )NP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP With (NP (NP the exception )NP (PP of (NP van *UNK )NP )PP )NP )PP , (NP the industry )NP (VP has (VP seen (NP (NP a decline )NP (PP from (NP (NP 1988 's )NP robust sales )NP )PP )NP )VP )VP . )S  STOP
(S But (NP (NP the rate )NP (PP of (NP the decline )NP )PP )NP (VP *UNKED (PP in (NP August )NP )PP , (PP with (NP (NP unit sales )NP (PP to (NP dealers )NP )PP (PP for (NP the month )NP )PP (ADVP down (NP 10.5 % )NP (PP from (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )NP )PP , (PP according (PP to (NP the *UNKC *UNKC Industry Association )NP )PP )PP )VP . )S  STOP
(S (PP At (NP *UNKC )NP )PP , (NP (NP sales )NP (PP for (NP the quarter )NP )PP )NP (VP fell (NP 6 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP $ (QP *UNKN million )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP . )S  STOP
(S (NP The company )NP (VP attributed (NP the decline )NP (PP to (NP (NP (NP consumers ' )NP concern )NP (PP over (NP (NP interest rates and gas prices )NP -- (NP (NP two key expenses )NP (PP for (NP *UNK buyers )NP )PP )NP )NP )PP )NP )PP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's (NP a *UNK- discretionary purchase )NP )VP )S , '' (VP said )VP (NP (NP Robert *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP follows (NP the industry )NP (PP for (NP Merrill Lynch & Co )NP )PP )VP )S )SBAR )NP . )SINV  STOP
(S `` (ADVP So )ADVP (SBAR (WHADVP when )WHADVP (S (NP there )NP (VP 's (NP (NP talk and concern )NP (PP about (NP the economy )NP )PP )NP )VP )S )SBAR , (NP (NP it )NP )NP (VP 's (ADJP not *UNK )ADJP (SBAR for (S (NP (NP a portion )NP (PP of (NP the buying public )NP )PP )NP (VP to (VP defer (NP purchases )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP expects (S (NP (NP industry *UNK sales )NP (PP for (NP (NP all )NP (PP of (NP 1989 )NP )PP )NP )PP )NP (VP to (VP fall (NP (QP about 5 )QP % )NP (PP from (NP (NP 1988 )NP , (SBAR (WHADVP when )WHADVP (S (NP (NP sales )NP (PP of (NP *UNKN units )NP )PP )NP (VP were (NP (NP the highest )NP (PP since (NP 1978 )NP )PP )NP )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S And (NP he )NP (VP said (SBAR (S (NP the weakness )NP (VP could (VP continue (PP in (NP (NP the first half )NP (PP of (NP next year )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP he )NP (VP said (SBAR (S (NP the industry )NP (VP has `` (NP a good decade )NP (ADVP ahead )ADVP , '' (SBAR particularly if (S (NP aging baby *UNK )NP (VP fulfill (NP (NP the industry 's )NP *UNK )NP (PP by (S (VP buying (NP *UNKC )NP )VP )S )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Winnebago )NP (VP was (VP hit (ADVP especially hard )ADVP (PP in (NP the latest downturn )NP )PP (SBAR because (S (NP (NP unit sales )NP (PP in (NP its *UNK- motor home business )NP )PP )NP (VP tumbled (NP (NP (NP 25 % )NP (ADVP industrywide )ADVP (PP in (NP August )NP )PP )NP , and (NP (NP 10.4 % )NP (PP in (NP (NP the first eight months )NP (PP of (NP the year )NP )PP )NP )PP )NP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP it )NP (ADVP also )ADVP (VP suffered (PP in (NP the quarter )NP )PP (PP from (NP (NP incentive programs )NP , (NP (NP losses )NP (PP from (S (VP *UNKING (NP a motor home line )NP )VP )S )PP )NP and (NP (NP costs )NP (PP of (S (VP developing (NP a new commercial vehicle )NP )VP )S )PP )NP , (PP among (NP other things )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The news )NP (VP sent (S (NP Winnebago stock )NP (VP falling (NP 62.5 cents )NP , (PP to (NP $ *UNKN )NP )PP , (PP in (NP New York Stock Exchange (NP composite trading )NP )NP )PP - (NP a *UNK- low )NP )VP )S )VP . )S  STOP
(S (NP The dividend cut )NP (VP will (VP prove (ADJP most costly (PP for (NP (NP John K. *UNKC )NP , (NP (NP Winnebago 's )NP founder and chairman )NP )NP )PP )ADJP )VP )VP . )S  STOP
(S (PP Based (PP on (NP (NP his control )NP (PP of (NP (NP (QP about 45 )QP % )NP (PP of (NP (NP Winnebago 's )NP (QP *UNKN million )QP shares )NP )PP )NP )PP )NP )PP )PP , (NP his annual dividend income )NP (VP would (VP be (VP cut (PP to (NP (QP about $ 2.2 million )QP )NP )PP (PP from (NP (QP $ 4.4 million )QP )NP )PP )VP )VP )VP . )S  STOP
(S (PP For (NP the year )NP )PP , (NP Winnebago )NP (VP had (NP (NP a loss )NP (PP of (NP (NP (QP $ 4.7 million )QP )NP , or (NP (NP 19 cents )NP (NP a share )NP )NP )NP )PP )NP , (PP following (NP (NP profit )NP (PP of (NP (NP (QP $ 2.7 million )QP )NP , or (NP (NP 11 cents )NP (NP a share )NP )NP , (ADVP (NP a year )NP earlier )ADVP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Sales )NP (VP rose (NP 2 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP $ (QP *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP *UNKC bond market sentiment )NP (VP is (PP on (NP the rise )NP )PP (ADVP again )ADVP )VP . )S  STOP
(S (SBAR As (S (NP the government )NP (VP prepares (S (VP to (VP release (NP (NP the next *UNK )NP (PP of (NP economic reports )NP )PP )NP )VP )VP )S )VP )S )SBAR , (NP (NP the consensus )NP (PP among (NP economists and money managers )NP )PP )NP (VP is (SBAR that (S (NP the news )NP (VP will (VP be (ADJP negative )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S And (NP that )NP (PRN (S , (NP they )NP (VP say )VP , )S )PRN (VP will (VP be (ADJP good (PP for (NP bonds )NP )PP )ADJP )VP )VP . )S  STOP
(SINV `` (S (NP *UNKC data )NP (VP have (VP indicated (NP (ADJP somewhat weaker )ADJP economic activity )NP )VP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP director )NP (PP of (NP economic research )NP )PP (PP at (NP Donaldson , Lufkin & Jenrette Securities )NP )PP )NP )NP . )SINV  STOP
(S (NP Mr. *UNKC )NP (VP is (VP advising (NP clients )NP (SBAR that `` (S (NP (NP the near-term direction )NP (PP of (NP bond prices )NP )PP )NP (VP is (ADJP likely (S (VP to (VP remain (ADJP upward )ADJP )VP )VP )S )ADJP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP Analysts )NP (VP insist (SBAR that (S (PP even without (NP (NP help )NP (PP from (NP a shaky stock market )NP )PP , (SBAR (WHNP which )WHNP (S (VP provided (NP (NP a temporary boost )NP (PP for (NP bonds )NP )PP )NP (PP during (NP the Oct. 13 stock market plunge )NP )PP )VP )S )SBAR , )NP )PP (NP bond prices )NP (VP will (VP start (S (VP to (VP climb )VP )VP )S (PP on (NP the prospects (SBAR that (S (NP the Federal Reserve )NP (VP will (VP allow (S (NP interest rates )NP (VP to (VP move (ADVP lower )ADVP (PP in (NP the coming weeks )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP would (VP be (ADJP *UNKING (PP to (NP (NP fixed-income investors )NP , (SBAR (WHNP (NP many )NP (PP of (WHNP whom )WHNP )PP )WHNP (S (VP were (VP (ADVP badly )ADVP burned (PP in (NP the third quarter )NP )PP (PP by (S (VP (ADVP incorrectly )ADVP assuming (SBAR that (S (NP the Fed )NP (VP would (VP ease )VP )VP )S )SBAR )VP )S )PP )VP )VP )S )SBAR )NP )PP )ADJP )VP )VP . )S  STOP
(S (NP Investors )NP (VP rushed (S (VP to (VP buy (NP bonds )NP (PP during (NP the summer )NP )PP (SBAR as (S (NP prices )NP (VP soared (PP on (NP speculation (SBAR that (S (NP interest rates )NP (VP would (VP continue (S (VP to (VP fall )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S But (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP became (ADJP clear (SBAR (SBAR that (S (NP rates )NP (VP had (VP *UNKED )VP )VP )S )SBAR and (SBAR that (S (NP (NP the Fed 's )NP *UNKING policy )NP (VP was (PP on (NP hold )NP )PP )VP )S )SBAR )SBAR )ADJP )VP )S )SBAR , (S (NP bond yields )NP (VP jumped )VP )S and (S (NP prices )NP (VP tumbled )VP )S . )S  STOP
(S (NP Long-term bonds )NP (VP have (VP performed (ADVP *UNKLY )ADVP (NP this year )NP )VP )VP . )S  STOP
(S (PP For (NP example )NP )PP , (NP (NP a group )NP (PP of (NP (NP long-term Treasury bonds )NP (VP tracked (PP by (NP Merrill Lynch & Co. )NP )PP )VP )NP )PP )NP (VP produced (NP (NP a total return )NP (PP of (NP (NP (NP 1 % )NP (PP in (NP the first quarter )NP )PP )NP , (NP (NP *UNKN % )NP (PP in (NP the second quarter )NP )PP )NP and (NP (NP *UNK- % )NP (PP in (NP the third quarter )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (NP Total return )NP (VP is (NP (NP price changes )NP (PP plus (NP interest income )NP )PP )NP )VP . )S  STOP
(S (ADVP Now )ADVP (S (NP some investment analysts )NP (VP insist (SBAR that (S (NP the economic climate )NP (VP has (VP turned (ADJP cold and *UNK )ADJP )VP )VP )S )SBAR )VP )S , and (S (NP they )NP (VP are (VP urging (NP clients )NP (S (VP to (VP buy (NP bonds )NP (SBAR before (S (NP the rally )NP (VP begins )VP )S )SBAR )VP )VP )S )VP )VP )S . )S  STOP
(S (PP Among (NP other things )NP )PP , (NP economists )NP (VP note (SBAR that (S (S (NP consumer spending )NP (VP is (VP slowing )VP )VP )S , (S (NP corporate profit margins )NP (VP are (VP being (VP squeezed )VP )VP )VP )S , (S (NP business confidence )NP (VP is (VP slipping )VP )VP )S and (S (NP construction and manufacturing industries )NP (VP are (ADJP depressed )ADJP )VP )S )S )SBAR )VP . )S  STOP
(S (PP At (NP the same time )NP )PP , (NP (NP last week 's )NP consumer price index )NP (VP showed (SBAR that (S (NP inflation )NP (VP is (VP *UNKING )VP )VP )S )SBAR )VP . )S  STOP
(SINV (S (S (VP *UNKC (NP (NP it )NP (NP all )NP )NP (PRT up )PRT )VP )S and (S (NP it )NP (VP means `` (SBAR that (S (NP the Fed )NP (VP has (NP (NP a little *UNK )NP (SBAR (S (VP to (VP ease (NP its credit policy stance )NP (PP without (NP (NP the risk )NP (PP of (S (VP *UNKING (NP inflation )NP )VP )S )PP )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR , '' )VP )S )S (VP said )VP (NP (NP Norman Robertson )NP , (NP (NP chief economist )NP (PP at (NP (NP Mellon Bank Corp. )NP , (NP Pittsburgh )NP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP I )NP (VP think (SBAR (S (NP we )NP (VP will (VP see (NP (NP a federal funds rate )NP (PP of (NP (QP close to )QP (NP (NP (QP 8 1\/2 )QP % )NP (PP in (NP the next two weeks )NP )PP )NP and (NP (NP 8 % )NP (PP by (NP year end )NP )PP )NP )NP )PP )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP The federal funds rate )NP , (SBAR (WHNP which banks )WHNP (S (VP charge (NP each other )NP (PP on (NP overnight loans )NP )PP )VP )S )SBAR , )NP (VP is (VP considered (S (NP (NP an early signal )NP (PP of (NP (NP changes )NP (PP in (NP (NP the Fed 's )NP credit policy )NP )PP )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP Economists )NP (ADVP generally )ADVP (VP agree (SBAR that (S (NP the rate )NP (VP was (VP lowered (PP by (NP the Fed )NP )PP (PP from (NP (NP (QP around 9 )QP % )NP , (SBAR (WHADVP where )WHADVP (S (NP it )NP (VP had (VP been (PP since (NP July )NP )PP )VP )VP )S )SBAR , )NP )PP (PP to (NP (NP (QP about 8 3\/4 )QP % )NP (PP in (NP early October )NP )PP )NP )PP (PP on (NP (NP the heels )NP (PP of (NP a weak employment report )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Although (S (NP the rate )NP (ADVP briefly )ADVP (VP *UNKED (ADVP even lower )ADVP (PP following (NP (NP the stock market sell-off )NP (SBAR (WHNP that )WHNP (S (VP occurred (NP Oct. 13 )NP )VP )S )SBAR )NP )PP )VP )S )SBAR , (NP it )NP (VP ended (NP Friday )NP (PP at (NP (QP about 8 11\/16 )QP % )NP )PP )VP . )S  STOP
(S (NP (NP James *UNKC )NP , (NP (NP chief fixed-income strategist )NP (PP at (NP Merrill Lynch )NP )PP )NP , )NP (VP is (VP *UNKING (NP (NP *UNK- securities )NP , (SBAR (WHNP which )WHNP (S (NP he )NP (VP says (SBAR (S (VP should (VP benefit (ADVP (ADVP more quickly )ADVP (PP than (NP *UNK- bonds )NP )PP )ADVP (SBAR as (S (NP interest rates )NP (VP fall )VP )S )SBAR )VP )VP )S )SBAR )VP )S )SBAR )NP )VP )VP . )S  STOP
(S `` (S (PP Given (NP (NP our forecast )NP (PP for (NP lower rates )NP )PP )NP )PP , (NP (NP purchases )NP (VP made (ADVP now )ADVP )VP )NP (VP should (VP prove (ADJP quite *UNKING )ADJP (PP before (NP year end )NP )PP )VP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP Mr. *UNKC )NP (ADVP also )ADVP (VP likes (NP (NP long-term , investment-grade corporate bonds )NP and (NP long-term Treasurys )NP )NP )VP . )S  STOP
(S (NP He )NP (VP says (SBAR (S (NP these bonds )NP (VP should (VP appreciate (PP in (NP value )NP )PP (SBAR as (S (NP (NP some investors )NP , (VP *UNKING (PP to (NP (NP the recent turmoil )NP (PP in (NP the stock and high-yield junk bond markets )NP )PP )NP )PP )VP , )NP (VP seek (NP safer securities )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (SBAR If (S (NP the -LCB- Tennessee Valley Authority -RCB- sale )NP (VP is (NP any guide )NP )VP )S )SBAR , (NP there )NP (VP appears (S (VP to (VP be (NP (NP good demand )NP (PP for (NP (NP *UNK- , long-term paper )NP (PP from (NP both domestic and overseas accounts )NP )PP )NP )PP )NP )VP )VP )S )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP TVA )NP , (PP in (NP (NP its first public debt offering )NP (PP in (NP 15 years )NP )PP )NP )PP , (VP sold (NP (NP (QP $ 4 billion )QP )NP (PP of (NP long-term and *UNK- securities )NP )PP )NP (NP last week )NP )VP . )S  STOP
(S (NP *UNKC investor demand )NP (VP prompted (S (NP the utility )NP (VP to (VP boost (NP (NP the size )NP (PP of (NP the issue )NP )PP )NP (PP from (NP (QP $ 3 billion )QP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP TVA )NP , (SBAR (WHNP which )WHNP (S (VP operates (NP (NP one )NP (PP of (NP (NP the nation 's )NP largest electric power systems )NP )PP )NP )VP )S )SBAR , )NP (VP is (NP (NP a corporation )NP (VP owned (PP by (NP the federal government )NP )PP )VP )NP )VP . )S  STOP
(S But (S (VP *UNKING (NP investors )NP (S (VP to (VP buy (NP bonds )NP )VP )VP )S )VP )S (VP may (VP be (ADJP especially tough )ADJP (NP (NP this week )NP , (SBAR (WHADVP when )WHADVP (S (NP the U.S. government )NP (VP will (VP auction (NP (NP (QP more than $ 30 billion )QP )NP (PP of (NP new securities )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP Today )NP , (NP the Treasury Department )NP (VP will (VP sell (NP (NP (QP $ 15.6 billion )QP )NP (PP of (NP three-month and six-month bills )NP )PP )NP (PP at (NP the regular weekly auction )NP )PP )VP )VP . )S  STOP
(S (NP Tomorrow )NP , (NP the Treasury )NP (VP will (VP sell (NP (NP (QP $ 10 billion )QP )NP (PP of (NP two-year notes )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Resolution Funding Corp. )NP , (VP known (PP as (NP (NP *UNKC )NP , (NP (NP a division )NP (PP of (NP (NP a new government agency )NP (VP created (S (VP to (VP *UNK (PRT out )PRT (NP (NP the nation 's )NP troubled savings and loan associations )NP )VP )VP )S )VP )NP )PP )NP )NP )PP )VP , )NP (VP will (VP hold (NP its first bond auction )NP (NP (NP Wednesday )NP , (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP will (VP sell (NP (NP (QP $ 4.5 billion )QP )NP (PP of (NP 30-year bonds )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP All )NP (PP of (NP this )NP )PP )NP (VP comes (PP ahead (PP of (NP (NP (NP the government 's )NP big quarterly refunding )NP (PP of (NP the federal debt )NP )PP , (SBAR (WHNP which )WHNP (S (VP takes (NP place )NP (ADVP sometime )ADVP (PP in (NP November )NP )PP )VP )S )SBAR )NP )PP )PP )VP . )S  STOP
(S (ADVP So far )ADVP , (NP investors )NP (VP have n't (VP shown (NP (NP much appetite )NP (PP for (NP (NP *UNKC 's )NP initial bond offering )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Roger Early )NP , (NP (NP a portfolio manager )NP (PP at (NP Federated Investors Corp. )NP )PP )NP , )NP (VP said (SBAR that (S (NP (NP yields )NP (PP on (NP the so-called bailout bonds )NP )PP )NP (VP are n't (ADJP high enough (S (VP to (VP attract (NP his attention )NP )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S `` (SBARQ (WHADVP Why )WHADVP (SQ should (NP I )NP (VP bother (PP with (NP (NP something )NP (SBAR (WHNP that )WHNP (S (VP 's (NP an *UNK )NP )VP )S )SBAR )NP )PP (PP for (NP (NP a (ADJP very small )ADJP pickup )NP (PP in (NP yield )NP )PP )NP )PP )VP )SQ )SBARQ ? '' (NP he )NP (VP said )VP . )S  STOP
(S `` (NP I )NP (VP 'm (VP not going (S (VP to (VP jump (PP on (NP them )NP )PP (NP (NP the first day )NP (SBAR (S (NP they )NP (VP come (ADVP out )ADVP )VP )S )SBAR )NP )VP )VP )S )VP )VP . '' )S  STOP
(S (NP He )NP (VP seems (S (VP to (VP be (ADJP typical (PP of (NP many professional money managers )NP )PP )ADJP )VP )VP )S )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (S (NP (NP the size )NP (PP of (NP the Refcorp offering )NP )PP )NP (VP was (VP announced (NP last week )NP )VP )VP )S and (S (NP *UNKED trading activity )NP (VP began )VP )S )S )SBAR , (NP the bailout bonds )NP (VP were (VP yielding (ADVP (ADVP (NP (QP about *UNKN )QP percentage point )NP more )ADVP (PP than (NP (NP the Treasury 's )NP benchmark 30-year bond )NP )PP )ADVP )VP )VP . )S  STOP
(S (PP On (NP Friday )NP )PP , (NP the yield )NP (VP was (VP (VP quoted (PP at (ADJP (ADJP (NP (QP about 1\/4 )QP percentage point )NP higher )ADJP (PP than (NP the benchmark bond )NP )PP )ADJP )PP )VP , (NP (NP an indication )NP (PP of (NP weak demand )NP )PP )NP )VP )VP . )S  STOP
(S (NP Some economists )NP (VP believe (SBAR that (S (NP (NP yields )NP (PP on (NP all Treasury securities )NP )PP )NP (VP may (VP rise (NP this week )NP (SBAR as (S (NP the market )NP (VP *UNK (S (VP to (VP absorb (NP the new supply )NP )VP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S But (SBAR once (S (NP the new securities )NP (VP are (VP *UNKED )VP )VP )S )SBAR , (NP they )NP (VP expect (S (NP investors )NP (VP to (VP focus (PP on (NP the weak economic data )NP )PP )VP )VP )S )VP . )S  STOP
(SINV `` (S (NP The supply )NP (VP is not (NP (NP a *UNK )NP (PP to (NP the market )NP )PP )NP )VP )S , '' (VP said )VP (NP (NP Samuel *UNKC )NP , (NP (NP chief financial economist )NP (PP at (NP Kleinwort Benson Government Securities Inc )NP )PP )NP )NP . )SINV  STOP
(S `` (SBAR If (S (NP one )NP (VP thinks (SBAR that (S (NP rates )NP (VP are (VP going (ADVP down )ADVP )VP )VP )S )SBAR )VP )S )SBAR , (NP you )NP (VP do n't (VP care (SBAR (WHNP (WHADVP how )WHADVP much supply )WHNP (S (VP is (VP coming )VP )VP )S )SBAR )VP )VP . '' )S  STOP
(NP (NP Friday 's )NP Market Activity )NP  STOP
(S (NP Most bond prices )NP (VP fell (PP on (NP (NP (NP concerns )NP (PP about (NP (NP this week 's )NP new supply )NP )PP )NP and (NP disappointment (SBAR that (S (NP stock prices )NP (VP did n't (VP stage (NP a sharp decline )NP )VP )VP )S )SBAR )NP )NP )PP )VP . )S  STOP
(S (NP *UNKC bond prices )NP (VP moved (ADVP higher )ADVP , (ADVP however )ADVP )VP . )S  STOP
(S (PP In (NP early trading )NP )PP , (NP Treasury bonds )NP (VP were (ADJP higher (PP on (NP expectations (SBAR that (S (NP (NP a surge )NP (PP in (NP buying )NP )PP (PP among (NP Japanese investors )NP )PP )NP (VP would (VP continue )VP )VP )S )SBAR )NP )PP )ADJP )VP . )S  STOP
(S Also (S (VP providing (NP support )NP (PP to (NP Treasurys )NP )PP )VP )S (VP was (NP hope (SBAR that (S (NP the stock market )NP (VP might (VP see (NP declines )NP (PP because of (NP (NP the expiration )NP (PP of (NP (NP some stock-index futures )NP and (NP (NP options )NP (PP on (NP (NP indexes )NP and (NP individual stocks )NP )NP )PP )NP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Those hopes )NP (VP were (VP *UNKED (SBAR (WHADVP when )WHADVP (S (NP the stock market )NP (VP put (PRT in )PRT (NP a (ADJP relatively quiet )ADJP performance )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Treasury bonds )NP (VP ended (PP with (NP (NP losses )NP (PP of (NP (NP (QP as much as 1\/4 )QP point )NP , or (NP (NP (QP about $ 2.50 )QP )NP (PP for (NP each (ADJP $ 1,000 )ADJP face amount )NP )PP )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The benchmark 30-year bond )NP , (SBAR (WHNP which )WHNP (S (VP traded (ADVP (ADVP as high )ADVP (PP as (NP (QP 102 1\/4 )QP )NP )PP )ADVP (PP during (NP the day )NP )PP )VP )S )SBAR , )NP (VP ended (PP at (NP (QP 101 *UNKN )QP )NP )PP )VP . )S  STOP
(S (NP (NP The yield )NP (PP on (NP the benchmark bond )NP )PP )NP (VP rose (ADVP slightly )ADVP (PP to (NP 7.98 % )NP )PP (PP from (NP 7.96 % )NP )PP )VP . )S  STOP
(S (PP In (NP the corporate bond market )NP )PP , (NP traders )NP (VP said (SBAR (S (NP (NP the *UNK- market )NP (PP for (NP junk bonds )NP )PP )NP (VP is (ADJP likely (S (VP to (VP pick (ADVP up )ADVP )VP )VP )S )ADJP (PP following (NP (NP (NP Chicago & North Western Acquisition Corp. 's )NP (ADJP (QP $ 475 million )QP )ADJP junk bond offering )NP (NP Friday )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Today )NP , (PP for (NP example )NP )PP , (NP (NP underwriters )NP (PP at (NP Morgan Stanley & Co. )NP )PP )NP (VP said (SBAR (S (NP they )NP (VP expect (S (VP to (VP price (NP (NP a (ADJP (QP $ 150 million )QP )ADJP , 12-year senior subordinated *UNK offering )NP (PP by (NP *UNKC Industries Inc )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Traders )NP (VP expect (S (NP the issue )NP (VP to (VP be (VP priced (S (VP to (VP yield (NP 12 % )NP )VP )VP )S )VP )VP )VP )S )VP . )S  STOP
(S (NP Shearson Lehman Hutton Inc. )NP (VP said (SBAR that (S (NP (NP a (ADJP (QP $ 150 million )QP )ADJP senior subordinated discount *UNK issue )NP (PP by (NP *UNKC *UNKC *UNKC )NP )PP )NP (VP is (VP expected (PP by (NP (NP the end )NP (PP of (NP the month )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP However )ADVP , (PP despite (NP the big new-issue calendar )NP )PP , (NP many junk bond investors and analysts )NP (VP are (ADJP skeptical (SBAR (S (NP the deals )NP (VP will (VP get (VP done )VP )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(SINV `` (S (NP There )NP (VP are (S (NP (QP about a dozen more )QP deals )NP (VP coming )VP )S )VP )S , '' (VP said )VP (NP (NP Michael *UNKC )NP , (NP (NP director )NP (PP of (NP fixed-income research )NP )PP (PP at (NP Kemper Financial Services Inc )NP )PP )NP )NP . )SINV  STOP
(S `` (SBAR If (S (NP they )NP (VP had (NP (NP this much trouble )NP (PP with (NP Chicago & North Western )NP )PP )NP )VP )S )SBAR , (NP they )NP (VP are (VP going (S (VP to (VP have (NP (NP an *UNK time )NP (PP with (NP the rest )NP )PP )NP )VP )VP )S )VP )VP . '' )S  STOP
(S (NP Last week )NP , (NP underwriters )NP (VP were (VP forced (S (VP to (VP postpone (NP three junk bond deals )NP )VP )VP (PP because of (NP (NP recent weakness )NP (PP in (NP the market )NP )PP )NP )PP )S )VP )VP . )S  STOP
(S And (NP (NP pressure )NP (PP by (NP big investors )NP )PP )NP (VP forced (S (NP Donaldson Lufkin & Jenrette Securities Corp. )NP (VP to (VP *UNK (NP (NP Chicago & North Western 's )NP (ADJP (QP $ 475 million )QP )ADJP junk bond offering )NP )VP )VP )S )VP . )S  STOP
(S (PP After (NP (NP hours )NP (PP of (NP negotiating )NP )PP (SBAR (WHNP that )WHNP (S (VP stretched (PP (ADVP late )ADVP into (NP Thursday night )NP )PP )VP )S )SBAR )NP )PP , (NP underwriters )NP (VP priced (NP (NP the 12-year issue )NP (PP of (NP *UNK senior subordinated debentures )NP )PP )NP (PP at (NP par )NP )PP (S (VP to (VP yield (NP (NP *UNKN % )NP , (ADJP (ADJP higher )ADJP (PP than (NP (NP the *UNKN % )NP (SBAR (WHNP that )WHNP (S (VP had (VP been (VP expected )VP )VP )VP )S )SBAR )NP )PP )ADJP )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP The coupon )NP (PP on (NP the issue )NP )PP )NP (VP will (VP be (VP reset (PP in (NP one year )NP )PP (PP at (NP (NP a rate )NP (SBAR (WHNP that )WHNP (S (VP will (VP give (NP the issue )NP (NP (NP a market value )NP (PP of (NP 101 )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S (ADVP However )ADVP , (NP (NP the maximum coupon rate )NP (PP on (NP the issue )NP )PP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP is (ADJP reset )ADJP )VP )S )SBAR )NP (VP is (NP *UNKN % )NP )VP . )S  STOP
(S (NP *UNKC holders )NP (ADVP also )ADVP (VP will (VP receive (NP (NP the equivalent )NP (PP of (NP (NP 10 % )NP (PP of (NP (NP the common stock )NP (PP in (NP (NP Chicago & North Western 's )NP parent company )NP )PP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(SINV `` (S (NP The coupon )NP (VP was (VP raised (S (VP to (VP induce (S (NP (NP some )NP (PP of (NP (NP the big players )NP (PP on (NP the *UNK )NP )PP )NP )PP )NP (VP to (VP come (ADVP in )ADVP )VP )VP )S )VP )VP )S )VP )VP )S , '' (VP said )VP (NP (NP a spokesman )NP (PP for (NP Donaldson )NP )PP )NP . )SINV  STOP
(S `` (NP We )NP (VP put (NP (NP a price )NP )NP (PP on (NP the deal )NP )PP (SBAR (WHNP that )WHNP (S (NP the market )NP (VP required (S (VP to (VP get (NP it )NP (ADJP done )ADJP )VP )VP )S )VP )S )SBAR )VP . '' )S  STOP
(S (NP The spokesman )NP (VP said (SBAR (S (NP the issue )NP (VP was (VP (VP sold (PRT out )PRT )VP and (VP met (PP with (NP strong interest )NP )PP (ADVP abroad )ADVP )VP , (PP (ADVP particularly )ADVP from (NP Japanese investors )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP the secondary (PRN , or (NP resale )NP , )PRN market )NP )PP , (NP junk bonds )NP (VP closed (ADVP (NP 1\/2 point )NP higher )ADVP , (SBAR while (S (NP investment-grade corporate bonds )NP (VP fell (NP 1\/8 )NP (PP to (NP 1\/4 point )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP (NP Sotheby 's )NP Inc. 's )NP gamble )NP (PP in (NP the *UNKING business )NP )PP )NP (VP appears (S (VP to (VP have (VP paid (PRT off )PRT )VP )VP )VP )S )VP . )S  STOP
(S (NP (NP The New York arm )NP (PP of (NP the London-based auction house )NP )PP )NP (VP *UNKED (PRT off )PRT (NP (NP the estate )NP (PP of (NP (NP John T. Dorrance Jr. )NP , (NP (NP the *UNKC 's )NP *UNKC Co. *UNK )NP , )NP )PP )NP (PP for (NP (NP (QP $ *UNKN million )QP )NP )NP )PP (NP last week )NP , (NP (NP a record )NP (PP for (NP a *UNK- art collection )NP )PP )NP )VP . )S  STOP
(S (NP That total )NP (VP (VP was (PP below (NP (NP the (QP $ 140 million )QP )NP (SBAR (S (NP the auction house )NP (VP estimated (SBAR (S (NP the collection )NP (VP might (VP sell (PP for )PP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP , but (VP was (ADVP enough (S (VP to (VP ensure (SBAR that (S (NP (NP an unprecedented financial arrangement )NP (SBAR (S (NP (NP Sotheby 's )NP )NP (VP had (VP made (PP with (NP the Dorrance family )NP )PP )VP )VP )S )SBAR )NP (VP proved (ADJP profitable (PP to (NP the auction house )NP )PP )ADJP )VP )S )SBAR )VP )VP )S )ADVP )VP )VP . )S  STOP
(S (NP Sotheby 's )NP (VP provided (NP the Dorrance family )NP (NP (NP a guarantee )NP (PP of (NP (NP (QP at least $ 100 million )QP )NP , and (NP (QP as much as $ 120 million )QP )NP , )NP )PP )NP (S (VP to (VP obtain (NP the collection )NP )VP )VP )S (PRN , (S (NP (NP people )NP (ADJP familiar (PP with (NP the transaction )NP )PP )ADJP )NP (VP said )VP )S , )PRN (S (ADVP thus )ADVP (VP taking (NP (NP a (ADJP greater than usual )ADJP financial interest )NP (PP in (NP (NP the property )NP (SBAR (S (VP to (VP be (VP sold )VP )VP )VP )S )SBAR )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP (NP The Dorrance estate )NP , (VP *UNKED (PRT off )PRT (PP in (NP (NP a series )NP (PP of (NP sales )NP )PP (VP held (PP over (NP four days )NP )PP )VP )NP )PP )VP , )NP (VP included (NP *UNK , furniture and paintings )NP )VP . )S  STOP
(S (NP (NP An *UNKC *UNKC )NP , (VP auctioned (NP last Wednesday )NP )VP , )NP (VP *UNKED (NP (NP (QP $ *UNKN million )QP )NP , (NP (NP a world record )NP (PP for (NP the artist )NP )PP )NP )NP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP (NP a handful )NP (PP of (NP paintings )NP )PP (PP from (NP the Dorrance collection )NP )PP )NP (VP remain (S (VP to (VP be (VP sold (PP at (NP (NP Sotheby 's )NP annual old masters paintings auction )NP )PP (PP in (NP January )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP (NP (NP The Better Business Bureau )NP (PP of (NP San Diego )NP )PP )NP and (NP (NP the state Attorney General 's )NP office )NP )NP (VP entered (PP into (NP (NP a settlement )NP (VP stemming (PP from (NP (NP an investigation )NP (PP of (NP (NP *UNKED business *UNK )NP (VP published (PP by (NP (NP an outside firm )NP , (NP Better *UNKC Inc )NP )NP )PP )VP )NP )PP )NP )PP )VP )NP )PP )VP . )S  STOP
(S (NP The settlement )NP (VP stems (PP from (NP charges (SBAR that (S (NP (NP Better *UNKC )NP , (ADJP now *UNK )ADJP , )NP (VP made (NP (NP *UNK )NP (PP in (S (VP selling (NP (NP (NP advertising )NP (PP for (NP the *UNK )NP )PP )NP and (NP (NP *UNK )NP (PP in (NP the bureau )NP )PP )NP )NP (PP (PP from (NP 1984 )NP )PP (PP to (NP 1986 )NP )PP )PP )VP )S )PP )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP Without (S (VP *UNKING (NP any *UNK )NP )VP )S )PP , (NP the bureau )NP (VP agreed (PP to (NP several conditions )NP )PP (SBAR if (S (NP it )NP (ADVP again )ADVP (VP contracts (PP with (NP an outside firm )NP )PP (S (VP to (VP publish (NP its *UNK )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The conditions )NP (VP include (S (VP (VP not *UNKING (SBAR (WHNP (WHADJP how many )WHADJP *UNK )WHNP (S (VP will (VP be (VP distributed )VP )VP )VP )S )SBAR )VP , and (VP agreeing (S (VP to (VP make (NP *UNK )NP (PP to (NP *UNK advertisers )NP )PP (SBAR if (S (NP any *UNK )NP (VP are (VP involved (PP in (NP the sale )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP (NP The Attorney General 's )NP investigation )NP (VP was (VP sparked (PP by (NP (NP lawsuits )NP and (NP (NP charges )NP (PP by (NP angry California *UNK )NP )PP (SBAR that (S (NP they )NP (VP were (VP *UNKED (PP in (NP (NP a *UNKED *UNK project )NP (VP contracted (PP by (NP Better *UNKC )NP )PP )VP )NP )PP )VP )VP )S )SBAR )NP )NP )PP )VP )VP . )S  STOP
(S (NP The *UNK )NP (VP led (PP to (NP (NP the closing )NP (PP of (NP the Los Angeles Better Business Bureau )NP )PP (PP in (NP late 1987 )NP )PP )NP )PP )VP . )S  STOP
(S (NP McCaw Cellular Communications Inc. )NP (VP said (SBAR (S (NP it )NP (VP obtained (NP `` firm '' financing commitments )NP (PP from (NP three major banks )NP )PP (PP in (NP (NP regard )NP (PP to (NP (NP its offer )NP (PP for (NP (NP *UNKN % )NP (PP of (NP LIN Broadcasting Corp )NP )PP )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Morgan *UNKC Trust )NP , (NP *UNKC Bank )NP and (NP (NP *UNKC National Bank )NP , (NP (NP an affiliate )NP (PP of (NP *UNKC Financial Corp. )NP )PP )NP , )NP )NP (VP (ADVP jointly )ADVP committed (NP (NP (NP (QP $ 1.2 billion )QP )NP (PP of (NP financing )NP )PP )NP , (ADJP subject (PP to (NP certain conditions )NP )PP )ADJP , )NP )VP )S (NP McCaw )NP (VP said )VP . )S  STOP
(S Further , (NP McCaw )NP (VP said (SBAR (S (NP the banks )NP (VP expressed (NP confidence (SBAR that (S (NP (NP the balance )NP (PP of (NP the (ADJP (QP $ 4.5 billion )QP )ADJP bank facility )NP )PP )NP (VP will (VP be (VP committed (PP within (NP the next several weeks )NP )PP (PP by (NP (NP a syndicate )NP (PP of (NP foreign and domestic banks )NP )PP )NP )PP )VP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Morgan )NP , (NP *UNKC )NP and (NP *UNKC )NP )NP (VP are (VP leading (NP that syndicate )NP )VP )VP . )S  STOP
(S (NP McCaw )NP (VP is (VP offering (S (VP (VP to (VP buy (NP (NP (QP 22 million )QP shares )NP (PP of (NP LIN )NP )PP )NP (PP for (NP (NP $ 125 )NP (NP each )NP (PP in (NP cash )NP )PP )NP )PP )VP )VP , (SBAR (WHNP which )WHNP (S (VP would (VP result (PP in (S (NP McCaw )NP (VP owning (NP (NP *UNKN % )NP (PP of (NP the *UNK- and broadcasting concern )NP )PP )NP )VP )S )PP )VP )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(S (NP The offer )NP (VP is (PP in (NP *UNK )NP )PP , (ADVP however )ADVP , (SBAR because (S (NP LIN )NP (VP has (VP agreed (S (VP to (VP merge (NP its *UNK- businesses )NP (PP with (NP BellSouth Corp )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP national over-the-counter trading )NP )PP (NP Friday )NP , (NP LIN shares )NP (VP rose (NP 62.5 cents )NP (S (VP to (VP close (PP at (NP $ *UNKN )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Beijing lawmakers )NP (VP have (VP called (UCP (SBAR for (S (NP *UNK )NP (VP to (VP be (VP built (S (VP to (VP house (NP *UNK )NP )VP )VP )S )VP )VP )VP )S )SBAR and (PP for (NP (NP severe *UNK )NP , (PP including (NP the death sentence )NP )PP , (PP for (NP (NP anyone )NP (SBAR (WHNP who )WHNP (S (VP *UNK or *UNK (NP women )NP (PP into (NP *UNK )NP )PP )VP )S )SBAR )NP )PP )NP )PP )UCP )VP )VP . )S  STOP
(S (NP The official *UNKC News Agency )NP (VP said (SBAR (S (NP the municipal government )NP (VP was (VP discussing (NP (NP a draft bill )NP (SBAR (S (VP to (VP give (NP the capital )NP (NP its first *UNK- *UNK )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP quoted (NP (NP *UNKC *UNKC )NP , (NP (NP deputy director )NP (PP of (NP the Beijing Public Security Bureau )NP )PP )NP , )NP (PP as (S (VP saying (SBAR that (S (NP there )NP (VP were (NP (NP (ADJP many more )ADJP people )NP (VP involved (PP in (NP *UNK )NP )PP (ADVP (ADVP now )ADVP (PP than (PP in (NP (NP 1985 )NP , (SBAR (WHADVP when )WHADVP (S (NP there )NP (VP were (NP about 100 cases )NP )VP )S )SBAR )NP )PP )PP )ADVP )VP )NP )VP )S )SBAR )VP )S )PP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (VP involved (PP in (NP *UNK )NP )PP )VP )NP (VP will (VP be (VP *UNKED (PP according (PP to (NP the law )NP )PP )PP )VP )VP )VP )S , and (S (NP (NP those )NP (PP with (NP *UNKLY *UNKED diseases )NP )PP )NP (VP will (VP be (VP *UNKED (PP from (NP the country )NP )PP , (PP according (PP to (NP the regulations )NP )PP )PP )VP )VP )VP )S . )S  STOP
(S (S (NP The Communists )NP (VP (ADVP nearly )ADVP succeeded (PP in (S (VP eliminating (NP *UNK )NP )VP )S )PP (PP after (S (VP taking (PRT over )PRT (PP in (NP *UNKN )NP )PP )VP )S )PP )VP )S , but (S (NP the practice )NP (VP has (VP returned (PP in (NP recent years )NP )PP (PP with (NP (NP (NP the country 's )NP increased exposure )NP (PP to (NP the outside world )NP )PP )NP )PP )VP )VP )S . )S  STOP
(S (S (NP Japan )NP (VP agreed (S (VP to (VP *UNK (NP (NP a decision )NP (PP by (NP an international *UNK conference )NP )PP (S (VP to (VP ban (NP (NP all trade )NP (PP in (NP *UNK )NP )PP )NP )VP )VP )S )NP )VP )VP )S )VP )S , (NP (NP a spokesman )NP (PP for (NP (NP the Ministry )NP (PP of (NP International Trade and Industry )NP )PP )NP )PP )NP (VP said )VP . )S  STOP
(S (ADVP Earlier )ADVP , (NP Japan )NP (VP had (VP said (SBAR (S (NP it )NP (VP might (VP file (NP (NP a *UNK )NP (PP against (NP (NP the *UNK ban )NP (VP decided (PP by (NP *UNK )NP )PP (PP at (NP (NP the *UNK- United *UNKC Conference )NP (PP on (NP (NP International Trade )NP (PP in (NP *UNKED *UNKC )NP )PP )NP )PP (PP in (NP Switzerland )NP )PP (NP last week )NP )NP )PP )VP )NP )PP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The Japanese )NP (VP use (NP (NP 40 % )NP (PP of (NP (NP the world 's )NP *UNK )NP )PP )NP )VP . )S  STOP
(S (S (NP Italy )NP (VP should (VP close (NP (NP the *UNKING Tower )NP (PP of (NP *UNKC )NP )PP )NP (SBAR because (S (NP it )NP (VP 's (NP (NP a danger )NP (PP to (NP tourists )NP )PP )NP )VP )S )SBAR )VP )VP )S , (NP *UNKED experts )NP (VP said )VP . )S  STOP
(S `` (S (PP In (NP some places )NP )PP (NP the *UNK )NP (VP is (ADJP (ADJP so damaged )ADJP (SBAR (S (NP it )NP (VP shows (NP (NP signs )NP (PP of (S (VP breaking (PRT off )PRT )VP )S )PP )NP )VP )S )SBAR )ADJP )VP )S , '' (NP scientists and technicians )NP (VP said (PP in (NP (NP a report )NP (PP to (NP Public *UNKC Minister Giovanni *UNKC )NP )PP )NP )PP )VP . )S  STOP
(S (NP Each year )NP , (NP (QP nearly a million )QP people )NP (VP pay (NP (QP about $ 3 )QP )NP (S (VP to (VP make (NP (NP the *UNK climb )NP (PP up (NP *UNKN steps )NP )PP (PP to (NP (NP the top )NP (PP of (NP the *UNK- *UNK tower )NP )PP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP East Germany )NP (VP pledged (S (VP to (VP reduce (NP *UNK consumption )NP (PP by (S (VP boosting (NP (NP production )NP (PP of (NP (NP soft *UNK )NP and (NP fruit *UNK )NP )NP )PP )NP )VP )S )PP )VP )VP )S )VP . )S  STOP
(S (S (NP Trade and *UNKLY Minister *UNKC *UNKC )NP (VP said (PP in (NP (NP a letter )NP (VP published (PP in (NP the youth daily *UNKC *UNKC )NP )PP )VP )NP )PP (SBAR that (S (NP (NP the rise )NP (PP in (NP alcohol consumption )NP )PP (PP in (NP East Germany )NP )PP )NP (VP had (VP been (VP halted )VP )VP )VP )S )SBAR )VP )S ; but (S (S (VP to (VP reduce (NP it )NP (ADVP further )ADVP )VP )VP )S (PRN , (S (NP he )NP (VP said )VP )S , )PRN (NP (NP production and supply )NP (PP of (NP (NP other *UNK )NP , (PP including (NP fruit *UNK )NP )PP , )NP )PP )NP (VP should (VP be (VP stepped (ADVP up )ADVP )VP )VP )VP )S . )S  STOP
(S (NP He )NP (VP added (SBAR that (S (NP shops )NP (VP will (VP have (S (VP to (VP (VP continue (S (VP reducing (NP (NP their stocks )NP (PP of (NP liquor )NP )PP )NP )VP )S )VP and (VP avoid (S (VP *UNKING (NP them )NP (ADVP too *UNKLY )ADVP (PP in (NP the window )NP )PP )VP )S )VP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Hong Kong )NP (VP has (VP built (NP (NP a *UNK center )NP (PP for (NP (NP illegal *UNK )NP (PP from (NP China )NP )PP )NP )PP )NP (SBAR because (S (NP China )NP (VP has (VP refused (PP for (NP the past two weeks )NP )PP (S (VP to (VP accept (NP them )NP (ADVP back )ADVP )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP (NP The center )NP , (ADVP close (PP to (NP (NP (NP Hong Kong 's )NP border )NP (PP with (NP China )NP )PP )NP )PP )ADVP , )NP (VP (VP will (VP be (ADJP ready )ADJP (NP today )NP )VP )VP and (VP will (VP be (ADJP able (S (VP to (VP house (NP 1,000 *UNK )NP )VP )VP )S )ADJP )VP )VP )VP )S , (NP Police *UNKC Director Peter *UNKC )NP (VP said )VP . )S  STOP
(S (NP The dispute )NP (VP started (SBAR (WHADVP when )WHADVP (S (NP (NP China )NP , (ADJP angry (SBAR that (S (NP Hong Kong )NP (VP had (VP allowed (S (NP dissident *UNK *UNKC *UNKC )NP (VP to (VP *UNK (PP to (NP the U.S. )NP )PP )VP )VP )S )VP )VP )S )SBAR )ADJP , )NP (VP halted (NP (NP the usual daily transfer )NP (PP of (NP (NP illegal *UNK )NP (VP caught (PP in (NP (NP this British colony )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (PP to (NP (NP Beijing 's )NP control )NP )PP (PP in (NP 1997 )NP )PP )VP )S )SBAR )NP )PP )VP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (VP *UNKING (PP under (NP (NP the *UNK )NP (PP of (NP newly installed television lights )NP )PP )NP )PP )VP )S , (NP (NP British members )NP (PP of (NP Parliament )NP )PP )NP (VP demanded (NP (NP a halt )NP (PP to (NP (NP the experimental *UNKING )NP (PP of (NP debates )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP A group )NP (PP of (NP (NP senior Conservative legislators )NP , (VP complaining (SBAR (S (NP (NP the House )NP (PP of (NP Commons )NP )PP )NP (VP was (PP like (NP a *UNK )NP )PP )VP )S )SBAR )VP , )NP )PP )NP (VP demanded (SBAR that (S (NP the experiment )NP (VP be (VP stopped (SBAR unless (S (NP (NP the *UNK )NP (PP of (NP the lights )NP )PP )NP (VP is (VP reduced )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP One Conservative *UNK )NP , (NP David *UNKC )NP , )NP (VP said : (S `` (NP I )NP (VP should (VP have (NP a *UNK *UNK )NP (PP by (NP Christmas )NP )PP )VP )VP )S )VP . '' )S  STOP
(S (NP *UNKC )NP (VP are (ADJP due (S (VP to (VP be (VP broadcast (ADVP nationally )ADVP (S (VP starting (NP Nov. 21 )NP )VP )S )VP )VP )VP )S )ADJP (PP in (NP a six-month experiment )NP )PP )VP . )S  STOP
(S (NP (NP A majority )NP (PP of (NP Japanese banks )NP )PP )NP (VP are (VP said (S (VP to (VP be (ADJP wary (PP of (S (VP making (NP new loans )NP (PP to (NP Mexico )NP )PP (PP under (NP the Brady plan )NP )PP )VP )S )PP )ADJP (SBAR because (S (NP they )NP (VP 're (ADJP uncertain (SBAR (S (NP the Mexican economy )NP (VP will (VP remain (ADJP stable )ADJP )VP )VP )S )SBAR )ADJP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (S (ADVP Instead )ADVP , (NP (NP many (ADJP small and medium-sized )ADJP banks )NP , and (NP some larger ones )NP , )NP (VP are (ADJP likely (S (VP to (VP take (NP (NP one )NP (PP of (NP (NP the other two options )NP (ADJP open (PP to (NP them )NP )PP (PP under (NP the plan )NP )PP )ADJP )NP )PP )NP )VP )VP )S )ADJP )VP )S , (NP Japanese banking officials )NP (VP said )VP . )S  STOP
(S (NP (NP The plan )NP , (VP proposed (PP by (NP (NAC U.S. Secretary (PP of (NP State )NP )PP )NAC Nicholas Brady )NP )PP )VP , )NP (VP calls (SBAR for (S (NP banks )NP (VP either (VP to (VP make (NP new loans )NP )VP )VP or (VP to (VP reduce (NP (NP the principle )NP (PP on (NP existing loans )NP )PP )NP )VP )VP or (VP to (VP cut (NP (NP the interest rate )NP (PP on (NP those existing loans )NP )PP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The officials )NP (VP said (SBAR that (S (NP most Japanese banks )NP (VP prefer (NP (NP the losses )NP (SBAR (S (NP they )NP (VP 'd (VP suffer (PP in (NP (NP either )NP (PP of (NP the latter options )NP )PP )NP )PP )VP )VP )S )SBAR )NP (PP to (NP (NP the risk )NP (PP of (NP new lending )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP an official )NP (PP at (NP a long-term credit bank )NP )PP )NP (VP explained (SBAR that (S (SBAR since (S (NP some larger banks )NP (VP have (ADVP already )ADVP (VP taken (NP (NP loss provisions )NP (PP for (NP (NP loans )NP (PP to (NP other Third World nations )NP )PP )NP )PP )NP )VP )VP )S )SBAR , (NP further write-offs )NP (VP could (VP be (VP viewed (PP as (ADJP *UNK )ADJP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP They )NP (VP ca n't (VP take (NP (NP the hit )NP '' (PP to (NP their earnings )NP )PP )NP )VP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (PP As (NP a result )NP )PP (PRN , (S (NP the official )NP (VP said )VP )S )PRN , (NP they )NP (VP may (VP be (VP forced (PP into (NP (NP a *UNK- situation )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP they )NP (VP make (NP (NP risky loans )NP (SBAR (WHNP that )WHNP (S (NP they )NP (VP could (VP have (S (VP to (VP write (PRT off )PRT (ADVP later )ADVP )VP )VP )S )VP )VP )S )SBAR )NP )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP A poll )NP (PP in (NP *UNKED South Korea )NP )PP )NP (VP put (S (NP Margaret Thatcher )NP (ADJP first )ADJP (PP on (NP (NP a list )NP (PP of (NP *UNKED foreign leaders )NP )PP )NP )PP )S )VP . )S  STOP
(S (NP The British prime minister )NP (VP was (NP (NP the only woman )NP (VP *UNKED (PRT out )PRT (PP by (NP (NP respondents )NP , (SBAR (WHNP who )WHNP (S (VP put (NP Soviet President Mikhail Gorbachev )NP (PP in (NP second place )NP )PP )VP )S )SBAR )NP )PP )VP )NP )VP ... . )S  STOP
(S (NP The Soviet newspaper *UNKC )NP (VP reported (SBAR that (S (NP *UNKC *UNKC )NP (VP will (VP appear (PP in (NP (NP a *UNKC comic book )NP (SBAR (S (VP to (VP be (VP issued (NP (NP four times )NP (NP a year )NP )NP (PP by (NP (NP Soviet publisher *UNKC *UNK *UNKC )NP and (NP (NP *UNKC 's )NP *UNKC Group )NP )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The comic book )NP (VP will (VP cost (NP (QP about $ 2 )QP )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC Group Inc. )NP , (NP (NP Nashua )NP , (NP *UNKC )NP , )NP )NP (VP expects (S (VP to (VP report (SBAR that (S (NP (NP net income )NP (PP in (NP (NP the third quarter )NP , (VP ended (NP Oct. 1 )NP )VP , )NP )PP )NP (VP fell (NP 50 % )NP (PP to (NP 60 % )NP )PP (PP from (NP (NP (QP $ 2.1 million )QP )NP , or (NP (NP 11 cents )NP (NP a share )NP )NP , (ADVP (NP a year )NP earlier )ADVP )NP )PP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP (NP Robert Stein )NP , (NP president and chief executive officer )NP , )NP (VP attributed (NP the expected decline )NP (PP (ADVP partly )ADVP to (NP (NP the effects )NP (PP of (NP (NP a *UNK- strike )NP (NP last month )NP (PP at (NP (NP the company 's )NP (NAC *UNKC , Ohio , )NAC *UNK facility )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP (NP *UNKED orders )NP (PP in (NP early September )NP )PP )NP (ADVP also )ADVP (VP played (NP a role )NP )VP )S , (NP he )NP (VP said (PP in (NP an interview )NP )PP )VP . )S  STOP
(S But (NP Mr. Stein )NP (VP said (SBAR (S (NP he )NP (VP is `` (ADJP reasonably confident '' (SBAR that (S (NP (NP earnings )NP (PP for (NP the full year )NP )PP )NP (VP will (VP exceed (NP (NP the (QP $ 3.1 million )QP )NP , or (NP (NP 17 cents )NP (NP a share )NP )NP , )NP (PP in (NP 1988 )NP )PP )VP )VP )S )SBAR )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP would (VP require (NP (NP fourth-quarter net )NP (PP of (NP (NP (NP (NP (QP more than about 22 )QP cents )NP (PP to (NP 24 cents )NP )PP )NP )NP (NP a share )NP )NP )PP )NP , (S (VP assuming (SBAR that (S (NP (NP Mr. Stein 's )NP third-quarter estimate )NP (VP *UNK (ADJP *UNK )ADJP )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(S (PP In (NP the year-earlier fourth quarter )NP )PP , (NP the company )NP (VP had (NP (NP profit )NP (PP of (NP (NP (QP $ 2.7 million )QP )NP , or (NP (NP 15 cents )NP (NP a share )NP )NP )NP )PP )NP )VP . )S  STOP
(S (NP Third-quarter revenue )NP (VP is (VP expected (S (VP to (VP be (NP (QP $ 40 million to $ 45 million )QP )NP , (ADVP up (PP from (NP (QP $ *UNKN million )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )VP )VP )S , (PP according (PP to (NP (NP *UNKC *UNKC )NP , (NP treasurer )NP )NP )PP )PP )VP )VP . )S  STOP
(S (NP The year-earlier periods )NP (VP (VP do n't (VP reflect (NP (NP results )NP (PP of (NP (NP (NP the company 's )NP *UNKC Corp. unit )NP , (VP acquired (NP last January )NP )VP , )NP )PP )NP )VP )VP but (VP include (NP (NP some Canadian operations )NP (SBAR (WHNP that )WHNP (S (VP were (VP sold (PP at (NP (NP the end )NP (PP of (NP 1988 )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP August )NP (PP through (NP October )NP )PP )NP (ADVP traditionally )ADVP (VP is (NP (NP the *UNK season )NP (PP for (NP the *UNK business )NP )PP )NP , (SBAR as (S (NP many retailers )NP (VP use (NP the goods )NP (PP as (NP *UNK promotional items )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Stein )NP (VP said (SBAR (S (NP (NP some retailers )NP (PRN -- (ADJP perhaps anxious (PP about (S (VP *UNKING (NP inventories )NP )VP )S )PP -- )ADJP )PRN )NP (VP (VP appear (S (VP to (VP have (VP held (ADVP back )ADVP (PP on (NP orders )NP )PP (PP in (NP September )NP )PP )VP )VP )VP )S )VP but (VP have (VP been (VP ordering (ADVP more heavily )ADVP (PP in (NP October )NP )PP )VP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Stein )NP (VP said (SBAR (S (NP *UNKC )NP (VP (VP is `` (ADJP *UNKLY profitable )ADJP '' )VP but (VP has n't (VP performed (ADVP (ADVP as well )ADVP (SBAR as (S (VP expected )VP )S )SBAR )ADVP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (S (NP (NP *UNKC 's )NP (NX (NX *UNKC *UNK )NX and (NX other *UNK- products )NX )NX )NP (VP are `` (VP doing (ADVP very well )ADVP , '' )VP )VP )S and (S (NP its plastic *UNK- products )NP `` (VP are (VP *UNKED (PP for (NP growth )NP )PP )VP )VP , '' )S )S (NP he )NP (VP said )VP . )S  STOP
(S (S (S But (NP (NP (NP the unit 's )NP third segment )NP , (NP *UNK *UNK )NP , )NP (VP is (VP suffering (PP from (NP a `` depressed market )NP )PP )VP )VP )S , '' and (S (NP *UNKC )NP (VP is (VP seeking (S (VP to (VP sell (NP that segment )NP )VP )VP )S )VP )VP )S )S , (NP he )NP (VP said )VP . )S  STOP
(S (NP Mr. Stein )NP (VP said (SBAR (S (NP he )NP (VP expects (S (NP profit )NP (VP (VP to (VP be (ADJP (ADJP higher (PP in (NP 1990 )NP )PP )ADJP (PP than (PP in (NP 1989 )NP )PP )PP )ADJP )VP )VP , (S (VP reflecting (NP (NP a number )NP (PP of (NP (NP measures )NP (VP taken (PP since (NP (NP the acquisition )NP (PP of (NP *UNKC *UNKC )NP )PP (PP in (NP late 1987 )NP )PP )NP )PP )VP )NP )PP )NP )VP )S )VP )S )VP )S )SBAR )VP . )S  STOP
(S -LRB- (S (PP *UNKC (PP to (S (VP acquiring (NP the *UNK business )NP )VP )S )PP )PP , (NP the company )NP (VP was (VP known (PP as (NP *UNKC Corp. )NP )PP )VP )VP )S ; (S (S (NP *UNKC )NP (VP had (VP been (NP (NP a maker )NP (PP of (NP computer *UNK )NP )PP )NP )VP )VP )S , but (S (NP (NP Mr. Stein )NP and (NP other officers )NP )NP (VP decided (S (VP to (VP sell (NP that business )NP (SBAR after (S (NP Japanese competitors )NP (VP grabbed (NP (NP a dominant share )NP (PP of (NP the market )NP )PP )NP )VP )S )SBAR )VP )VP )S )VP )S )S . -RRB- )S  STOP
(S (NP Mr. Stein )NP (VP said (SBAR (S (NP tighter operating controls )NP (VP have (VP *UNKED (S (NP *UNKC )NP (VP (VP to (VP (VP reduce (NP inventory levels )NP (NP (QP 25 % to 30 % )QP )NP )VP ; (VP improve (NP (NP *UNK- delivery )NP (PP of (NP orders )NP )PP )NP (PP to (NP (QP about 95 )QP % )NP )PP (PP from (NP (QP around 70 )QP % )NP )PP )VP )VP )VP ; and (VP to (VP lower (NP (NP the number )NP (PP of (NP (NP labor hours )NP (VP required (S (VP to (VP produce (NP a unit )NP )VP )VP )S )VP )NP )PP )NP )VP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (S (PP By (S (VP moving (NP (NP the design )NP (PP of (NP new products )NP )PP )NP (ADVP in-house )ADVP )VP )S (PRN -- (PP instead of (S (VP *UNKING (PRT out )PRT (NP the work )NP )VP )S )PP -- )PRN )PP (NP the company )NP (ADVP also )ADVP (VP has (VP been (ADJP able (S (VP to (VP come (PRT up )PRT (PP with (NP (NP designs )NP (SBAR (WHNP that )WHNP (S (VP can (VP be (VP manufactured (ADVP more *UNKLY )ADVP )VP )VP )VP )S )SBAR )NP )PP )VP )VP )S )ADJP )VP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (PP In (NP (NP addition )NP (PP to (NP those measures )NP )PP )NP )PP , (NP the company )NP (VP (VP spent (ADVP heavily )ADVP (NP earlier this year )NP (S (VP to (VP install (NP displays )NP (PP at (NP (NP its customers ' )NP retail outlets )NP )PP )VP )VP )S )VP -- (NP (NP a strategy )NP (SBAR (WHNP that )WHNP (S (NP Mr. Stein )NP (VP said (SBAR (S (VP has (VP helped (S (VP bolster (NP (NP *UNK )NP (PP of (NP (NP the company 's )NP brands )NP )PP )NP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP *UNKC 's )NP *UNK operation )NP (VP makes (NP (NP *UNK tools and *UNK )NP , (CONJP as well as )CONJP (NP *UNK )NP )NP , (PP at (NP (NP factories )NP (PP in (NP the U.S. and Canada )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP (NP The main issue )NP (PP in (NP (NP the strike )NP (PP at (NP the Ohio facility )NP )PP )NP )PP )NP (VP was (NP health-care benefits )NP )VP )S , (NP Mr. Stein )NP (VP said )VP . )S  STOP
(S (NP The strike )NP (VP ended (NP *UNKC )NP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP continues (S (VP to (VP seek (NP (NP further acquisitions )NP (PP in (NP the *UNK- industry )NP )PP )NP )VP )VP )S )VP )S , (NP Mr. Stein )NP (VP said )VP . )S  STOP
(S (NP He )NP (VP indicated (SBAR that (S (NP Ekco )NP (VP may (VP be (ADJP interested (PP in (S (VP acquiring (NP (NP another company )NP (PP with (NP (NP revenue )NP (PP in (NP (NP the range )NP (PP of (NP (QP $ 75 million to $ 100 million )QP )NP )PP )NP )PP )NP )PP )NP )VP )S )PP )ADJP , (SBAR partly because (S (NP mass *UNK )NP (VP (ADVP increasingly )ADVP want (S (VP to (VP rely (PP on (NP (ADJP larger , and fewer , )ADJP suppliers )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (PP After (NP (NP several years )NP (PP of (NP (NP booming business )NP (PP with (NP China )NP )PP )NP )PP )NP )PP , (NP foreign traders )NP (VP are (VP bracing (PP for (NP (NP the biggest slump )NP (PP in (NP a decade )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The *UNK )NP (PP of (NP (NP *UNK measures )NP , (VP starting (NP last October )NP )VP , )NP )PP )NP (ADVP already )ADVP (VP had (VP begun (S (VP to (VP *UNK (SBAR (WHADVP when )WHADVP (S (NP (NP (NP the massacre )NP (PP in (NP *UNKC Square )NP )PP (PP on (NP June 4 )NP )PP )NP and (NP subsequent events )NP )NP (VP *UNKED (S (NP the *UNK )NP (ADJP far tighter )ADJP )S )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (NP Foreign lending )NP (VP (VP has (VP been (VP (ADVP virtually )ADVP suspended (PP since (NP then )NP )PP )VP )VP )VP , (S (VP (VP *UNKING (NP liquidity )NP )VP and (VP *UNKING (NP many projects )NP )VP )VP )S )VP . )S  STOP
(S And (NP Beijing )NP (VP (VP has (VP pulled (ADVP back )ADVP (PP on (NP domestic loans and subsidies )NP )PP )VP )VP , (S (VP leaving (S (NP (NP many domestic buyers )NP and (NP *UNKED plants )NP )NP (VP *UNKED (PP for (NP cash )NP )PP )VP )S )VP )S )VP . )S  STOP
(S (NP (NP *UNKC Far East Ltd. )NP , (NP (NP a Swiss concern )NP (SBAR (WHNP that )WHNP (S (VP sells (NP chemicals )NP (PP to (NP (NP *UNK and *UNK factories )NP (PP in (NP China )NP )PP )NP )PP )VP )S )SBAR )NP , )NP (VP *UNK (NP the problems )NP )VP . )S  STOP
(S (NP (NP Last year 's )NP *UNK )NP (VP *UNKED (PRT up )PRT (NP (NP the working capital )NP (PP of (NP Chinese factories )NP )PP )NP )VP . )S  STOP
(S (NP (NP The company 's )NP sales )NP (VP *UNKED (PP during (NP (NP 1989 's )NP first half )NP )PP )VP . )S  STOP
(S (NP The June killings )NP (VP *UNKED (NP the problems )NP )VP . )S  STOP
(S (PP In (NP *UNKC )NP )PP , (NP (NP *UNKC 's )NP representative office )NP (VP received (NP no orders )NP (PP in (NP June )NP )PP )VP . )S  STOP
(S (S (PP At first )PP (NP it )NP (VP attributed (NP the slump )NP (PP to (NP temporary business *UNK )NP )PP )VP )S , but (S (SBAR (WHADVP when )WHADVP (S (NP no orders )NP (VP were (VP *UNKED (PP in (NP August and September )NP )PP )VP )VP )S )SBAR , (NP manager Donald *UNKC )NP (VP became (ADJP convinced (SBAR that (S (NP business )NP (VP would (VP be (ADJP bad )ADJP (PP for (NP many months )NP )PP )VP )VP )S )SBAR )ADJP )VP )S . )S  STOP
(S `` (S (NP *UNKC )NP (VP have (VP grown (ADJP worse )ADJP (PP since (NP June 4 )NP )PP )VP )VP )S , '' (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S (NP He )NP (VP predicts (SBAR that (S (NP sales )NP (VP will (VP drop (PP between (NP (QP 30 % and 40 % )QP )NP )PP (PP from (NP (NP last year 's )NP (QP $ 3 million )QP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The *UNK- and *UNK- sectors )NP (VP are (VP bearing (NP (NP the *UNK )NP (PP of (NP (NP China 's )NP *UNK measures )NP )PP )NP )VP )VP )S , and (S (NP (NP foreign companies )NP (PP such as (NP *UNKC )NP )PP (SBAR (WHNP that )WHNP (S (VP deal (PP with (NP those industries )NP )PP )VP )S )SBAR )NP are (VP being (VP hit (NP the hardest )NP )VP )VP )S . )S  STOP
(S But (PP in (ADJP general )ADJP )PP , (NP all *UNKING companies )NP (VP are (VP feeling (NP the *UNK )NP )VP )VP . )S  STOP
(SINV `` (S (NP The import *UNK )NP (VP will (VP shrink )VP )VP )S , '' (VP says )VP (NP (NP John *UNKC )NP , (NP (NP (NP first vice president )NP (PP of (NP (NP the American Chamber )NP (PP of (NP Commerce )NP )PP (PP in (NP Hong Kong )NP )PP )NP )PP )NP and (NP a China trade specialist )NP )NP )NP . )SINV  STOP
(S `` (S (PP On (NP the down side )NP )PP , (NP sales )NP (VP could (VP fall (NP (QP as much as 90 )QP % )NP (PP for (NP some companies )NP )PP )VP )VP )S ; (S (PP on (NP the upper side )NP )PP , (NP sales )NP (VP will (VP be (ADJP flat )ADJP )VP )VP )S . '' )S  STOP
(S (NP (NP China 's )NP foreign trade )NP (VP has (VP gone (PP in (NP cycles )NP )PP (PP during (NP the past decade )NP )PP )VP )VP . )S  STOP
(S (NP (NP The last time )NP (SBAR (WHADVP that )WHADVP (S (NP traders )NP (VP experienced (NP a *UNK )NP )VP )S )SBAR )NP (VP was (PP during (NP (NP *UNKN )NP , (SBAR (WHADVP when )WHADVP (S (NP Beijing )NP (VP imposed (NP (NP tough measures )NP (SBAR (S (VP to (VP (VP curb (NP imports )NP )VP and (VP *UNK (NP foreign exchange )NP )VP )VP )VP )S )SBAR )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The current *UNK )NP (VP is (VP expected (S (VP to (VP be (ADJP much deeper )ADJP , (SBAR because (S (NP Beijing )NP (VP has (VP cut (PRT off )PRT (NP domestic funds )NP (PP from (NP factories )NP )PP (PP for (NP the first time )NP )PP (S (VP to (VP slow (NP inflation )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP (NP the suspension )NP (PP of (NP loans and export credits )NP )PP (PP from (NP foreign governments and institutions )NP )PP (PP following (NP the June killings )NP )PP )NP (VP have (VP been (NP a big setback )NP )VP )VP . )S  STOP
(SINV `` (S (NP (NP The freeze )NP (PP on (NP new lending )NP )PP )NP (VP is (VP dealing (NP the single biggest blow )NP (PP to (NP trading )NP )PP )VP )VP )S , '' (VP says )VP (NP (NP Raymond *UNKC )NP , (NP (NP China manager )NP (PP for (NP (NP *UNKC AG )NP , (NP a West German *UNKING company )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP *UNKC growth )NP (PP from (NP the year-earlier months )NP )PP )NP (VP slowed (PP to (NP 16 % )NP (PP in (NP July )NP )PP )PP and (PP (NP 7.1 % )NP (PP in (NP August )NP )PP )PP , (PP compared (PP with (NP (NP an average growth rate )NP (PP of (NP 26 % )NP (PP in (NP the first half )NP )PP )PP )NP )PP )PP )VP . )S  STOP
(S (PP In (NP (NP the first eight months )NP (PP of (NP 1989 )NP )PP )NP )PP , (NP imports )NP (VP grew (NP 21 % )NP , (PP to (NP (QP $ *UNKN billion )QP )NP )PP , (ADVP down slightly (PP from (NP (NP a growth rate )NP (PP of (NP 23 % )NP (ADVP (NP a year )NP earlier )ADVP )PP )NP )PP )ADVP )VP . )S  STOP
(S (NP (NP The picture )NP (PP for (NP (NP China 's )NP exports )NP )PP )NP (VP is (ADJP just as bleak )ADJP , (PP (ADVP mainly )ADVP because of (NP the domestic credit squeeze )NP )PP )VP . )S  STOP
(S (NP (NP Exports )NP (PP in (NP the first eight months )NP )PP )NP (VP grew (NP (QP only 9 )QP % )NP , (PP to (NP (QP $ *UNKN billion )QP )NP )PP , (PP compared (PP with (NP (NP a growth rate )NP (PP of (NP 25 % )NP (ADVP (NP a year )NP earlier )ADVP )PP )NP )PP )PP , (PP according (PP to (NP Chinese *UNK figures )NP )PP )PP )VP . )S  STOP
(S (NP (NP The threat )NP (PP to (NP (NP (NP China 's )NP balance )NP (PP of (NP payments )NP )PP )NP )PP )NP (VP is (VP further *UNKED (PP by (NP (NP the plunge )NP (PP in (NP its foreign-exchange reserves )NP )PP )NP )PP , (PP excluding (NP gold holdings )NP )PP )VP )VP . )S  STOP
(S (NP The reserves )NP (VP dropped (PP for (NP (NP the first time )NP (PP in (NP recent years )NP )PP )NP )PP , (PP to (NP (QP $ 14 billion )QP )NP (PP in (NP June )NP )PP )PP (PP from (NP (QP $ 19 billion )QP )NP (PP in (NP April )NP )PP )PP )VP . )S  STOP
(S (NP The trend )NP (VP has (VP prompted (S (NP Beijing )NP (VP to (VP *UNK (NP efforts (S (VP to (VP curb (NP imports )NP )VP )VP )S )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP In (NP recent weeks )NP )PP , (NP (NP China 's )NP leaders )NP (VP have (VP *UNKED (NP (NP trading )NP (PP in (NP (NP *UNK )NP and (NP (NP scores )NP (PP of (NP chemical products and commodities )NP )PP )NP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP The Ministry )NP (PP of (NP Foreign Economic Relations and Trade )NP )PP )NP (VP set (PRT up )PRT (NP a special bureau )NP (NP last month )NP (S (VP to (VP monitor (NP (NP the issue )NP (PP of (NP import and export licenses )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP (NP Beijing 's )NP *UNK *UNK )NP (PP on (NP imports )NP )PP )NP (VP have (VP taught (NP many trading companies )NP (SBAR that (S (NP (NP the best way )NP (SBAR (S (VP to (VP get (PP through (NP the drought )NP )PP )VP )VP )S )SBAR )NP (VP is (PP by (S (VP helping (S (NP China )NP (VP export )VP )S )VP )S )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP For (NP example )NP )PP , (NP (NP *UNKC *UNKC Corp. )NP , (NP (NP one )NP (PP of (NP the biggest Japanese trading houses )NP )PP )NP , )NP (ADVP now )ADVP (VP buys (NP (NP (QP almost twice as many )QP goods )NP (PP from (NP China )NP )PP (SBAR as (S (NP it )NP (VP sells (PP to (NP that country )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP (NP Three years )NP ago )ADVP , (NP the ratio )NP (VP was (ADJP reversed )ADJP )VP . )S  STOP
(S But (NP the strategy )NP (VP is n't (VP helping (ADVP much )ADVP (NP this time )NP )VP )VP . )S  STOP
(SINV `` (S (NP (NP Both sectors )NP (PP of (NP imports and exports )NP )PP )NP (VP look (ADJP just as bad )ADJP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP general manager )NP (PP of (NP (NP *UNKC *UNKC 's )NP *UNKC office )NP )PP )NP )NP . )SINV  STOP
(S (NP He )NP (VP expects (S (NP (NP the company 's )NP trading business )NP (VP to (VP drop (NP (QP as much as 40 % )QP )NP (NP this year )NP )VP )VP )S )VP . )S  STOP
(S (PP For (NP (NP a short time )NP (PP after (NP June 4 )NP )PP )NP )PP , (NP it )NP (VP appeared (SBAR that (S (NP the trade picture )NP (VP would (VP remain (ADJP fairly bright )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Many foreign trading offices )NP (PP in (NP Hong Kong )NP )PP )NP (VP were (VP *UNKED (PP with (S (NP (NP *UNK and telephone calls )NP (PP from (NP Chinese trade officials )NP )PP )NP (VP urging (NP them )NP (S not (VP to (VP *UNK (NP ties )NP )VP )VP )S )VP )S )PP )VP )VP . )S  STOP
(S (NP (NP Even the Bank )NP (PP of (NP China )NP )PP , (SBAR (WHNP which )WHNP (S (VP (ADVP normally )ADVP took (NP weeks )NP (S (VP to (VP process (NP (NP letters )NP (PP of (NP credit )NP )PP )NP )VP )VP )S )VP )S )SBAR , )NP (VP was (VP settling (NP the letters )NP (PP at (NP record speed )NP )PP (S (VP to (VP *UNK (NP (NP rumors )NP (PP about (NP (NP the bank 's )NP financial health )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S But (SBAR (WHADVP when )WHADVP (S (NP foreign traders )NP (VP tried (S (VP to (VP do (NP business )NP )VP )VP )S )VP )S )SBAR , (NP they )NP (VP discovered (SBAR that (S (NP (NP the *UNK )NP (PP of (NP Chinese trade officials )NP )PP )NP (VP was (NP just a *UNK )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The suspension )NP (PP of (NP foreign loans )NP )PP )NP (VP has (VP weakened (NP (NP the buying power )NP (PP of (NP (NP (NP China 's )NP national trading companies )NP , (SBAR (WHNP which )WHNP (S (VP are (PP among (NP (NP the country 's )NP biggest *UNK )NP )PP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP Business )NP (VP is n't (ADJP any better (PP on (NP the *UNK or municipal level )NP )PP )ADJP )VP )S , (NP foreign traders )NP (VP say )VP . )S  STOP
(S (NP (NP *UNKC Investment & Trust Co. )NP , (VP known (PP as (NP *UNKC )NP )PP )VP , )NP (VP is (NP (NP (NP the city 's )NP main financier )NP (PP for (NP trading business )NP )PP )NP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP had (ADVP *UNKLY )ADVP (VP tapped (NP the Japanese bond market )NP (PP for (NP funds )NP )PP )VP )VP )S , but (S (NP it )NP (VP ca n't (VP do (NP that )NP (ADVP any longer )ADVP )VP )VP )S . )S  STOP
(S (NP Foreign traders )NP (VP say (SBAR (S (NP the company )NP (VP is (ADJP *UNKED (PP for (NP cash )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP It )NP (VP has (NP (NP difficulties )NP (S (VP paying (NP its foreign debts )NP )VP )S )NP )VP )S , '' (VP says )VP (NP (NP a Hong Kong executive )NP (SBAR (WHNP who )WHNP (S (VP is (ADJP familiar (PP with (NP (NP *UNKC 's )NP business )NP )PP )ADJP )VP )S )SBAR )NP . )SINV  STOP
(SBARQ `` (WHADVP How )WHADVP can (SQ (NP it )NP (VP make (S (ADJP available )ADJP (NP (NP funds )NP (PP for (NP purchases )NP )PP )NP )S )VP )SQ ? '' )SBARQ  STOP
(S (NP Foreign traders )NP (ADVP also )ADVP (VP say (SBAR (S (NP (NP many )NP (PP of (NP (NP China 's )NP big *UNK projects )NP )PP )NP (VP have (VP been (VP canceled or postponed (PP because of (NP (NP the squeeze )NP (PP on (NP (ADJP domestic and foreign )ADJP credit )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Albert Lee )NP , (NP (NP a veteran trader )NP (SBAR (WHNP who )WHNP (S (VP specializes (PP in (NP machinery sales )NP )PP )VP )S )SBAR )NP , )NP (VP estimates (SBAR that (S (NP (NP (QP as many as 70 )QP % )NP (PP of (NP (NP projects )NP (SBAR (WHNP that )WHNP (S (VP had (VP obtained (NP approval (S (VP to (VP proceed )VP )VP )S )NP )VP )VP )S )SBAR )NP )PP )NP (VP have (VP been (VP canceled (PP in (NP recent months )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (S (NP There )NP (VP are (NP virtually no new projects )NP )VP )S , and (S (NP that )NP (VP means (NP (NP no new business )NP (PP for (NP us )NP )PP )NP )VP )S )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (SBAR Even (WHADVP when )WHADVP (S (NP new lending )NP (VP *UNK )VP )S )SBAR , (NP foreign exchange )NP (VP would (ADVP still )ADVP (VP be (ADJP tight )ADJP (SBAR because (S (NP Beijing )NP (VP will (ADVP likely )ADVP (VP try (S (VP to (VP *UNK (PP in (NP (NP foreign borrowing )NP , (SBAR (WHNP which )WHNP (S (VP has (VP grown (PP between (NP (QP 30 % and 40 % )QP )NP )PP (PP in (NP the past few years )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S And (NP foreign creditors )NP (VP are (ADJP likely (S (VP to (VP be (ADJP more cautious (PP about (S (VP extending (NP new loans )NP )VP )S )PP )ADJP (SBAR because (S (NP China )NP (VP is (VP *UNKING (NP a peak *UNK period )NP (SBAR as (S (NP many loans )NP (VP start (S (VP falling (ADJP due )ADJP (PP in (NP the (QP next two to five )QP years )NP )PP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )VP )VP )S )ADJP )VP . )S  STOP
(S (NP (NP Another reason )NP (PP for (NP (NP the *UNK )NP (PP of (NP the trade problems )NP )PP )NP )PP )NP (VP is (SBAR that (S (NP Beijing )NP (VP has (VP extended (NP (NP the current *UNK )NP (PP on (NP imports )NP )PP )NP (PP beyond (NP (NP the usual target )NP (PP of (NP consumer products )NP )PP )NP )PP (S (VP to (VP include (NP (NP steel )NP , (NP chemical *UNK )NP and (NP plastics )NP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP These )NP (VP (VP have (VP been (PP among (NP (NP the country 's )NP leading imports )NP )PP )VP )VP , (NP (NP particularly last year )NP (SBAR (WHADVP when )WHADVP (S (NP there )NP (VP were (NP (NP shortages )NP (SBAR (WHNP that )WHNP (S (VP led (S (NP many traders )NP (VP to (VP (VP buy (ADVP heavily )ADVP )VP and (VP pay (ADVP *UNKLY )ADVP )VP )VP )VP )S )VP )S )SBAR )NP )VP )S )SBAR )NP )VP . )S  STOP
(S But (NP the shortages )NP (ADVP also )ADVP (VP spawned (NP (NP *UNK speculation )NP and (NP *UNKING prices )NP )NP )VP . )S  STOP
(S (S (VP To (VP stem (NP speculation )NP )VP )VP )S , (NP Beijing )NP (VP imposed (NP (NP ceiling prices )NP (SBAR (WHNP that )WHNP (S (VP went (PP into (NP effect )NP )PP (ADVP earlier (NP this year )NP )ADVP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Traders )NP (SBAR (WHNP who )WHNP (S (VP had (VP bought (NP the goods )NP (PP at (NP (NP prices )NP (PP above (NP the ceiling )NP )PP )NP )PP )VP )VP )S )SBAR )NP (VP (VP do n't (VP want (S (VP to (VP take (NP a loss )NP (PP on (NP *UNK )NP )PP )VP )VP )S )VP )VP and (VP are (VP holding (PP onto (NP their stock )NP )PP )VP )VP )VP . )S  STOP
(S (NP The resulting *UNKING )NP (VP has (VP depressed (NP the market )NP )VP )VP . )S  STOP
(S But (NP Beijing )NP (VP ca n't (VP cut (ADVP back )ADVP (PP on (NP (NP such essential imports )NP (PP as (NP raw materials )NP )PP )NP )PP (PP for (NP too long )NP )PP (PP without (S (VP *UNKING (NP (NP the country 's )NP export business )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (NP the China trade expert )NP , )NP (VP estimates (SBAR that (S (NP (NP (QP as much as 50 )QP % )NP (PP of (NP (NP *UNKC 's )NP exports )NP )PP )NP (VP is (VP made (PRT up )PRT (PP of (NP processed imported raw materials )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Oil *UNKC *UNKC )NP (VP *UNKC (NP *UNKC Fund *UNKC )NP )VP )S  STOP
(S (NP (NP *UNK *UNKC *UNK- dispute )NP (VP stemming (PP from (NP an Alaskan oil spill )NP )PP )VP )NP (VP has (VP helped (S (VP spur (NP (NP a drive )NP (PP for (NP (NP tougher federal laws )NP (SBAR (S (VP to (VP protect (NP (NP victims )NP (PP of (NP such *UNK )NP )PP )NP )VP )VP )S )SBAR )NP )PP )NP )VP )S )VP )VP . )S  STOP
(S (NP The *UNK- suit )NP (VP *UNK (NP (NP *UNK )NP (PP of (NP (NP the *UNKC *UNKC *UNKC Fund )NP , (SBAR (WHNP which )WHNP (S (VP (VP gets (NP its money )NP (PP from (NP (NP oil companies )NP (VP using (NP the pipeline )NP )VP )NP )PP )VP and (VP *UNK (NP (NP those )NP (ADJP *UNKED (PP by (NP oil *UNK )NP )PP )ADJP )NP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (PP On (NP July 2 , 1987 )NP )PP , (NP the *UNK *UNKC *UNKC Bay )NP (VP (VP struck (NP a rock )NP )VP and (VP *UNKED (NP (NP (QP almost 150,000 )QP *UNK )NP (PP of (NP oil )NP )PP )NP (PP into (NP the *UNKC *UNKC )NP )PP )VP )VP . )S  STOP
(S (NP Commercial *UNK and fish *UNK )NP (VP filed (NP suit )NP (PP in (NP federal court )NP )PP (PP in (NP (NP a claim )NP (SBAR (WHNP that )WHNP (S (VP has (VP *UNKED (PP to (NP (QP more than $ *UNKN million )QP )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP include (NP (NP British Petroleum America )NP ; (NP (NP *UNKC Corp. )NP , (NP the *UNK )NP )NP ; and (NP the pipeline liability fund )NP )NP )VP . )S  STOP
(S (NP The fund )NP (VP was (VP created (PP by (NP (NP the *UNKC *UNKC Act )NP , (SBAR (WHNP which )WHNP (S (VP provides (SBAR that (S (NP (NP the owner or operator )NP (PP of (NP (NP a *UNK )NP (VP involved (PP in (NP an oil spill )NP )PP )VP )NP )PP )NP (VP must (VP pay (NP (NP the first (QP $ 14 million )QP )NP (PP in (NP damages )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP The fund )NP (VP is (VP required (S (VP to (VP pay (NP claims )NP (NP (QP up to an additional $ 86 million )QP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The fund 's )NP purpose )NP (VP is (S (VP to (VP provide (NP (ADJP quick and adequate )ADJP relief )NP )VP )VP )S )VP . )S  STOP
(S But (NP (NP the *UNKC Bay case )NP , (NP (NP the fund 's )NP first test )NP , )NP (VP shows (SBAR (WHADVP how easily )WHADVP (S (NP the fund )NP (VP can (VP be (VP *UNKED )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Corp. )NP (VP is (VP *UNKING (NP liability )NP )VP )VP . )S  STOP
(S (NP It )NP (VP (VP claims (SBAR (S (NP the Coast Guard )NP (VP (VP failed (S (VP to (VP chart (NP the rock )NP )VP )VP )S )VP and (VP *UNK (S (VP to (VP pay (NP damages )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP That )NP (VP means (SBAR (S (NP the fund )NP (VP is n't (VP *UNKED (S (VP to (VP pay (NP anything )NP )VP )VP )S , (ADVP (ADVP at least )ADVP so far )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP (NP The Oil *UNKC Act )NP , (VP scheduled (S (VP to (VP come (PRT up )PRT (PP for (NP (NP a vote )NP (PP in (NP Congress )NP )PP )NP )PP (NP this fall )NP )VP )VP )S )VP , )NP (VP would (VP provide (SBAR that (S (SBAR if (S (NP claimants )NP (VP are n't (VP paid (PP within (NP (NP 90 days )NP (PP of (NP a spill )NP )PP )NP )PP )VP )VP )S )SBAR , (NP the liability fund )NP (VP would (VP (VP compensate (NP them )NP )VP and (VP seek (NP (NP *UNK )NP (PP from (NP (NP the owner or operator )NP (PP of (NP the *UNK )NP )PP )NP )PP )NP )VP )VP )VP )S )SBAR )VP )VP )S , (VP says )VP (NP (NP a spokesman )NP (PP for (NP (NP Rep. George Miller )NP (PRN -LRB- (NP (NP D. )NP , (NP Calif. )NP )NP -RRB- )PRN , (NP (NP a sponsor )NP (PP of (NP the bill )NP )PP )NP )NP )PP )NP . )SINV  STOP
(S (NP The spokesman )NP (VP says (SBAR (S (NP (NP the `` *UNK '' )NP (PP in (NP the statute )NP )PP )NP (VP is `` (NP (NP the worst kind )NP (PP of (NP *UNKC )NP )PP )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Many Law School *UNKC )NP (VP *UNKC (SBAR (S (NP *UNKC )NP (ADVP Never )ADVP (VP *UNKC )VP )S )SBAR )VP )S  STOP
(S (NP *UNKC *UNKC school *UNK )NP (VP are (VP (VP starting (NP (NP jobs )NP (PP with (NP law firms )NP )PP )NP (NP this fall )NP )VP -- and (VP heading (ADVP back )ADVP (PP to (NP class )NP )PP )VP )VP )VP . )S  STOP
(S (NP *UNKC associations and consultants )NP (VP are (VP offering (NP (NP more programs )NP (SBAR (S (VP to (VP teach (NP associates )NP (NP (NP all )NP (SBAR (S (NP they )NP (VP (VP need (S (VP to (VP know (PP about (NP law )NP )PP )VP )VP )S )VP but (VP did n't (VP learn (PP in (NP law school )NP )PP )VP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(SINV `` (S (S (NP Law school )NP (VP *UNK (NP *UNK theory )NP )VP )S , but (S (NP it )NP (VP does n't (VP teach (NP (NP the *UNK and *UNK )NP (PP of (NP practical *UNKING )NP )PP )NP )VP )VP )S )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP head )NP (PP of (NP (NP (NP a New York County Lawyers ' )NP Association committee )NP (SBAR (WHNP that )WHNP (S (VP sponsors (NP such a course )NP )VP )S )SBAR )NP )PP )NP )NP . )SINV  STOP
(S (PP In (NP the past )NP )PP , (NP associates )NP (VP learned (NP the *UNK )NP (PP from (NP (NP senior lawyers )NP (SBAR (WHNP who )WHNP (S (VP acted (PP as (NP *UNK )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(SINV (S But (NP these days )NP , (S (NP large firms )NP (VP hire (NP (NP (QP as many as 30 )QP new associates )NP (NP a year )NP )NP )VP )S , and (S (NP (NP it )NP )NP (VP 's (ADJP impossible )ADJP (S (VP to (VP (ADVP personally )ADVP train (NP everyone )NP )VP )VP )S )VP )S )S , (VP says )VP (NP (NP Joel *UNKING )NP (PP of (NP (NP *UNKC Inc. )NP , (NP (NP a consulting firm )NP (SBAR (WHNP that )WHNP (S (VP runs (NP training classes )NP )VP )S )SBAR )NP )NP )PP )NP . )SINV  STOP
(S (NP The *UNKC course )NP (VP *UNK (S (NP students )NP (VP to (VP *UNK (PRT up )PRT (PP on (NP negotiation skills )NP )PP )VP )VP )S (PP by (NP (NP role playing )NP (PP in (NP *UNKED deals )NP )PP )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (ADVP also )ADVP (VP are (VP taught (S (VP (VP to (VP return (NP (NP clients ' )NP phone calls )NP (ADVP immediately )ADVP )VP )VP and (VP to (VP treat (NP the support staff )NP (PP with (NP respect )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP Many law firms )NP (VP sponsor (NP their own programs )NP )VP . )S  STOP
(S (PP At (NP (NP the Baltimore firm )NP (PP of (NP *UNKC & Green )NP )PP )NP )PP , (NP new corporate and banking associates )NP (VP are (VP required (S (VP to (VP *UNK (PP in (NP a *UNK- course )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP Partners )NP (VP *UNK (PP on (SBAR (WHADVP how )WHADVP (S (VP to (VP (VP form (NP corporations )NP )VP , (VP draft (NP agreements )NP )VP and (VP defend (NP clients )NP (PP against (NP *UNKED tender offers )NP )PP )VP )VP )VP )S )SBAR )PP )VP . )S  STOP
(SINV (S (ADVP Now )ADVP , (NP clients )NP (VP know (SBAR that (S (NP new associates )NP (VP have (VP had (NP some practical training )NP (PP before (S (VP working (PP on (NP their cases )NP )PP )VP )S )PP )VP )VP )S )SBAR )VP )S , (VP says )VP (NP (NP James J. *UNKC )NP , (NP (NP a partner )NP (PP at (NP the firm )NP )PP )NP )NP . )SINV  STOP
(S (NP Los Angeles )NP (VP *UNKC (NP (NP A *UNKC )NP (PP for (NP *UNKC )NP )PP )NP )VP )S  STOP
(S (NP (NP THE *UNKC )NP (PP of (NP Los Angeles )NP )PP )NP (VP will (ADVP soon )ADVP (VP have (NP their own (ADJP (QP $ 52 million )QP )ADJP *UNK )NP )VP )VP . )S  STOP
(SINV (S (NP (NP The building )NP , (SBAR (WHNP which )WHNP (S (VP will (VP handle (NP child abuse , *UNK and foster care cases )NP )VP )VP )S )SBAR , )NP (VP will (VP be (ADJP `` (ADJP (ADJP less formal )ADJP , (ADJP less threatening )ADJP and (ADJP just basically less grim )ADJP )ADJP (PP than (NP most *UNK )NP )PP )ADJP )VP )VP , '' )S (VP says )VP (NP (NP *UNKC Edelman )NP , (NP (NP chairman )NP (PP of (NP (NP the Los Angeles County Board )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP *UNKC )NP (VP call (PP for (NP (NP an *UNKED structure )NP (PP with (NP (NP a *UNK )NP (PP in (NP the center )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP There )NP (VP will (VP be (NP *UNK and movie rooms )NP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP will (VP be (ADJP able (S (VP to (VP listen (PP to (NP music )NP )PP (PP with (NP *UNK )NP )PP )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNK )NP , (ADJP complete (PP with (NP *UNK materials )NP )PP )ADJP , )NP (VP will (VP be (ADJP available )ADJP )VP )VP . )S  STOP
(S And (NP there )NP (VP will (VP be (NP (NP (NP a *UNK 's )NP station )NP and (NP (NP rooms )NP (SBAR for (S (NP children )NP (VP to (VP meet (PP with (NP social workers )NP )PP )VP )VP )S )SBAR )NP )NP )VP )VP . )S  STOP
(SINV (S (NP (NP The building 's )NP 25 *UNK )NP (VP will (VP be (ADJP smaller )ADJP )VP )VP )S , (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP a court administrator )NP )NP . )SINV  STOP
(S (S (NP The bench )NP (VP will (VP be (ADJP lower )ADJP (SBAR so (S (NP the judge )NP (VP seems (ADJP less *UNKING )ADJP )VP )S )SBAR )VP )VP )S , and (S (NP walls )NP (VP will (VP be (VP (VP painted (PP in (NP bright *UNK )NP )PP )VP and (VP covered (PP with (NP *UNK )NP )PP )VP )VP )VP )VP )S . )S  STOP
(S (NP (NP *UNKC )NP (PP in (NP Los Angeles County )NP )PP (VP involving (NP dependent children )NP )VP )NP (VP are (ADVP usually )ADVP (VP heard (PP in (NP the *UNKC *UNKC Building )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP need (S (VP to (VP get (NP the kids )NP (PP away (PP from (NP the criminals )NP )PP )PP (PP into (NP a less *UNK environment )NP )PP )VP )VP )S )VP , '' )S (VP says )VP (NP Mr. Edelman )NP . )SINV  STOP
(S (S (NP (NP (QP About *UNKN )QP children )NP (PP in (NP Los Angeles County )NP )PP )NP (VP are (PP under (NP court *UNK )NP )PP )VP )S (PRN , (S (NP Mr. Edelman )NP (VP says )VP )S , )PRN and (S (NP (NP an average )NP (PP of (NP 1,500 new children )NP )PP )NP (VP are (VP added (NP each month )NP )VP )VP )S . )S  STOP
(S (NP (NP The *UNK )NP , (S (VP to (VP be (VP built (PP in (NP *UNKC Park )NP )PP )VP )VP )VP )S , )NP (VP is (VP expected (S (VP to (VP open (PP in (NP (NP the spring )NP (PP of (NP 1992 )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP Law *UNKC Management )NP (VP Can (VP *UNK (NP *UNKC *UNKING )NP )VP )VP )S  STOP
(S (NP (NP *UNK )NP )NP (VP *UNKC (S (VP to (VP follow (NP a management career path )NP -- (PP (ADVP even )ADVP at (NP law firms )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP That )NP (VP 's (NP (NP the conclusion )NP (PP of (NP (NP a recent study )NP (PP of (NP large law firms )NP )PP (VP conducted (PP by (NP (NP *UNKC & *UNKC Inc. , )NP (NP an (NAC *UNKC , Pa. , )NAC law firm consultant )NP )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Its survey )NP (PP of (NP (NP 96 firms )NP , (NP (NP each )NP (PP with (NP (QP 100 to 1,000 )QP lawyers )NP )PP )NP , )NP )PP )NP (VP shows (SBAR that (S (NP managing partners )NP (VP earned (NP (NP an average )NP (PP of (NP (NP $ *UNKN )NP (PP in (NP compensation and cash benefits )NP )PP )NP )PP )NP (PP in (NP (NP the firms ' )NP 1988 fiscal years )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKING partners )NP (SBAR (WHNP who )WHNP (S (VP responded (PP to (NP the survey )NP )PP )VP )S )SBAR )NP (VP (ADVP typically )ADVP (VP spend (NP (QP over half )QP their time )NP (S (VP *UNKING (NP (NP their firms ' )NP day-to-day operations )NP )VP )S )VP and (VP (NP (NP (QP just a little more than a third )QP )NP (PP of (NP their time )NP )PP )NP (S (VP *UNKING (NP law )NP )VP )S )VP )VP . )S  STOP
(S (NP (NP Partners )NP (PP in (NP the survey )NP )PP (SBAR (WHNP who )WHNP (S (VP *UNK (NP (NP most )NP (PP of (NP their time )NP )PP )NP (PP to (S (VP practicing (NP law )NP )VP )S )PP )VP )S )SBAR )NP (VP earned (NP (NP an average )NP (PP of (NP (QP about $ *UNKN )QP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Chairman *UNKC Whitten )NP (PRN -LRB- (NP (NP D. )NP , (NP Miss . )NP )NP -RRB- )PRN (PP of (NP the House Appropriations Committee )NP )PP )NP (VP proposed (NP (NP a (ADJP (QP $ 2.85 billion )QP )ADJP emergency funding package )NP (SBAR (S (VP to (VP (VP assist (NP (NP (NP California 's )NP recovery )NP (PP from (NP (NP last week 's )NP earthquake )NP )PP )NP )VP and (VP extend (NP further aid )NP (PP to (NP (NP East Coast victims )NP (PP of (NP Hurricane Hugo )NP )PP )NP )PP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The sweeping measure )NP (VP *UNK (NP (NP (NP (QP $ 500 million )QP )NP (PP in (NP small-business loans )NP )PP )NP , (NP (NP (QP $ 1 billion )QP )NP (PP in (NP *UNK- funds )NP )PP )NP and (NP (NP (QP $ 1.25 billion )QP )NP (VP divided (PP between (NP (NP general emergency assistance )NP and (NP (NP a reserve )NP (SBAR (S (VP to (VP be (ADJP available (PP to (NP President Bush )NP )PP (S (VP to (VP meet (NP (NP *UNKED costs )NP (PP from (NP the two disasters )NP )PP )NP )VP )VP )S )ADJP )VP )VP )S )SBAR )NP )NP )PP )VP )NP )NP )VP . )S  STOP
(S (NP The funds )NP (VP would (VP be (VP attached (PP to (NP (NP a *UNK- spending bill )NP (VP required (S (VP to (VP keep (S (NP (NP most )NP (PP of (NP the government )NP )PP )NP (VP operating (PP past (NP Wednesday )NP )PP )VP )S )VP )VP )S )VP )NP )PP )VP )VP )VP . )S  STOP
(S (NP The measure )NP (VP is (VP scheduled (S (VP to (VP be (VP taken (PRT up )PRT (PP by (NP the Appropriations Committee )NP )PP (NP today )NP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP The panel )NP (VP (VP is (VP expected (S (VP to (VP add (NP (NP provisions )NP (VP *UNKING (NP (NP restrictions )NP (PP on (NP (NP the use )NP (PP of (NP federal highway funds )NP )PP )NP )PP )NP )VP )NP )VP )VP )S )VP )VP and (VP may also (VP shift (NP money )NP (PP within (NP the package )NP )PP (S (VP to (VP bolster (NP (NP the share )NP (PP for (NP the Small Business Administration )NP )PP )NP )VP )VP )S )VP )VP )VP . )S  STOP
(SINV `` (S (S (NP We )NP (VP will (VP support (NP it )NP )VP )VP )S , (S (NP we )NP (VP will (VP *UNK (NP him )NP )VP )VP )S , and (S (NP we )NP (VP will (VP *UNK (NP it )NP (SBAR (WHADVP where )WHADVP (FRAG (ADJP appropriate )ADJP )FRAG )SBAR )VP )VP )S )S , '' (VP said )VP (NP (NP Rep. *UNKC *UNKC )NP (PRN -LRB- (NP (NP D. )NP , (NP Calif . )NP )NP -RRB- )PRN )NP . )SINV  STOP
(S (S (VP *UNKED (NP (NP the `` *UNKC Emergency *UNKC )NP (SBAR (S (VP to (VP *UNKC (NP (NP the *UNKC )NP (PP of (NP (NP Natural *UNKC )NP (PP of (NP National *UNKC )NP )PP )NP )PP )NP )VP )VP )S )SBAR )NP )VP )S , '' (NP the measure )NP (VP is (NP *UNK Whitten )NP (PP (PP in (S (VP *UNKING (NP federal responsibility )NP )VP )S )PP and (PP in (S (VP *UNKING (NP budget *UNK )NP )VP )S )PP )PP )VP . )S  STOP
(S (S `` (NP Such other amounts )NP (VP will (VP be (VP made (S (ADJP available )ADJP )S (ADVP subsequently )ADVP (SBAR as (FRAG (VP required )VP )FRAG )SBAR )VP )VP )VP )S (PRN , '' (S (NP the legislation )NP (VP *UNK )VP )S , )PRN and (S (NP the new obligations )NP `` (VP shall not (VP be (NP (NP a charge )NP (PP against (NP (NP the Budget Act )NP , (NP *UNKC )NP , or (NP other *UNK )NP )NP )PP )NP )VP )VP )S . )S  STOP
(S (NP (NP Moody 's )NP Investors Service Inc. )NP (VP said (SBAR (S (NP it )NP (VP lowered (NP (NP the ratings )NP (PP of (NP (NP some (QP $ 145 million )QP )NP (PP of (NP Pinnacle debt )NP )PP )NP )PP )NP (PP because of (NP `` (NP accelerating *UNK )NP (PP in (NP liquidity )NP )PP , '' (SBAR (WHNP which )WHNP (S (NP it )NP (VP said (SBAR (S (VP was (VP *UNKED (PP by (NP (NP (NP Pinnacle 's )NP elimination )NP (PP of (NP dividend payments )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Henry *UNKC Jr. )NP , (NP Pinnacle executive vice president )NP , )NP (VP said (SBAR (S (NP the action )NP `` (VP wo n't (ADVP really )ADVP (VP have (NP any effect )NP (PP on (NP us )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP We )NP (VP are n't (VP selling (NP bonds )NP (ADVP right now )ADVP )VP )VP )S , and (S (NP I )NP (VP do n't (VP think (SBAR (S (NP it )NP (VP will (VP affect (NP (NP the value )NP (PP of (NP our existing bonds )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S . '' )S  STOP
(S (NP The rating agency )NP (VP said (SBAR (S (NP it )NP (VP lowered (NP (NP the ratings )NP (PP on (NP (NP (QP $ 75 million )QP )NP (PP of (NP (NP the holding company 's )NP convertible subordinated *UNKC )NP )PP )NP )PP )NP (PP to (ADJP *UNKC )ADJP )PP (PP from (ADJP *UNKC )ADJP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Moody 's )NP )NP (VP said (SBAR (S (NP it )NP (ADVP also )ADVP (VP (VP lowered (NP (NP the ratings )NP (PP of (NP (NP (QP $ 70 million )QP )NP (PP of (NP (NP Pinnacle 's )NP *UNKC thrift unit long-term deposits )NP )PP )NP )PP )NP (PP to (ADJP *UNKC )ADJP )PP (PP from (ADJP B-2 )ADJP )PP )VP , and (VP (PP on (NP its subordinated debt )NP )PP (PP to (ADJP *UNK )ADJP )PP (PP from (ADJP *UNKC )ADJP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP *UNKC 's )NP rating )NP (PP for (NP short-term deposits )NP )PP )NP (VP remains (ADJP Not Prime )ADJP )VP . )S  STOP
(S (S (NP (NP Securities )NP (PP of (NP MeraBank )NP )PP )NP (VP (VP were (VP placed (PP under (NP review )NP )PP (NP last May )NP )VP )VP , and (VP will (VP remain (PP under (NP review )NP )PP (PP for (NP *UNK )NP )PP )VP )VP )VP )S , (NP the agency )NP (VP said )VP . )S  STOP
(X (ADVP First )ADVP , (NP (NP the somewhat affected *UNK )NP (PP of (NP the 1960s )NP )PP )NP . )X  STOP
(X (ADVP Then )ADVP , (NP (NP the *UNK- *UNK )NP (PP of (NP the 1970s and 1980s )NP )PP )NP . )X  STOP
(X (SBARQ (WHNP What )WHNP (ADVP now )ADVP )SBARQ ? )X  STOP
(S (S (VP To (VP judge (PP from (NP (NP *UNK )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP the *UNK scene )NP )VP )S )SBAR )NP )PP )VP )VP )S , (NP we )NP (VP 're (ADVP back (PP in (NP (NP the age )NP (PP of (NP anxiety )NP )PP )NP )PP )ADVP )VP . )S  STOP
(S (SBAR (WHADVP Where )WHADVP (S (S (NP *UNK *UNK )NP (VP *UNKED (S (VP to (VP *UNK (NP *UNK- life )NP )VP )VP )S )VP )S and (S (NP ambitious *UNK )NP (VP hoped (S (VP to (VP leave (NP it )NP (ADVP far behind )ADVP )VP )VP )S (SBAR as (S (NP they )NP (VP scaled (NP (NP the upper reaches )NP (PP of (NP success )NP )PP )NP )VP )S )SBAR )VP )S )S )SBAR , (NP it )NP (ADVP now )ADVP (VP seems (SBAR that (S (NP (NP so many people )NP )NP (VP feel (SBAR (S (NP they )NP (VP 're (VP slipping (PP between (NP the *UNK )NP )PP )VP )VP )S )SBAR , (SBAR that (S (NP middle-class life )NP (VP is (VP viewed (PP with (NP (NP *UNK )NP or (NP *UNK *UNKING )NP )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP *UNKC *UNKC 's )NP third novel )NP , (NP `` (NP Limited *UNKC )NP '' (PRN -LRB- (NP (NP North *UNKC Press )NP , (NP *UNKN pages )NP , (NP $ *UNKN )NP )NP -RRB- )PRN )NP )NP (VP is (NP (NP a (ADJP *UNK , funny and *UNK )ADJP look )NP (PP at (NP (NP the way )NP (SBAR (S (NP love relationships )NP (VP are (VP affected (PP by (NP (NP (NP the pressures )NP (PP of (NP money )NP )PP )NP , or , (ADVP more specifically )ADVP , (NP (NP the lack )NP (PP of (NP it )NP )PP )NP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP (NP (NP *UNKC Worth )NP and (NP Malcolm *UNKC )NP )NP , (NP 33 and 39 )NP (ADVP respectively )ADVP , )NP (VP live (ADVP together )ADVP (PP in (NP (NP a *UNK )NP (PP in (NP a *UNK Philadelphia neighborhood )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Malcolm )NP , (NP (NP a former *UNK- )NP (VP turned (NP architect )NP )VP )NP , )NP (VP has (ADVP just )ADVP (VP seen (S (NP (NP his first big chance )NP (PP at (NP a lucrative commission )NP )PP )NP (VP turn (PP to (NP dust )NP )PP (PP with (NP (NP the arrest )NP (PP of (NP (NP his *UNK , *UNK client )NP , (NP a *UNK- real estate developer )NP )NP )PP )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (SBAR (WHNP who )WHNP (S (ADVP still )ADVP (VP has (NP artistic *UNK )NP )VP )S )SBAR , )NP (VP knows (SBAR (S (NP she )NP (VP is (ADJP lucky (S (VP to (VP be (VP (VP working (PP as (NP a food *UNK )NP )PP )VP , (VP *UNKING (S (NP (NP *UNK )NP , (NP *UNK )NP , (NP *UNK cold *UNK )NP and (NP other *UNK )NP )NP (VP to (VP look (ADJP (ADJP as *UNKING )ADJP (PP as (ADJP possible )ADJP )PP (PP in (NP (NP front )NP (PP of (NP the camera )NP )PP )NP )PP )ADJP )VP )VP )S )VP )VP )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S (PP After (NP all )NP )PP (PRN , (S (NP she )NP (VP reasons )VP )S , )PRN `` (NP there )NP (VP were (NP (NP *UNK )NP (PP with (NP (NP *UNKC )NP and (NP (NP *UNK )NP (PP from (NP (NP *UNKING schools )NP (PP in (NP France )NP )PP )NP )PP )NP )NP )PP (SBAR (WHNP who )WHNP (S (VP would (VP kill (PP for (NP her job )NP )PP )VP )VP )S )SBAR )NP )VP . '' )S  STOP
(S But (NP *UNKC and Malcolm )NP (VP feel (ADJP *UNKED )ADJP )VP . )S  STOP
(S (NP They )NP (VP seem (S (VP to (VP be (VP having (NP (NP (NP the `` worst )NP (PP of (NP both *UNK )NP )PP )NP : (NP (NP artistic work )NP (PP with (NP (NP (NP none )NP (PP of (NP (NP art 's )NP integrity )NP )PP )NP and (NP (NP no control )NP (PP over (NP the finished product )NP )PP )NP )NP )PP )NP ; (NP (NP *UNK- )NP (PP without (NP fun or profit )NP )PP )NP )NP )VP )VP )VP )S )VP . '' )S  STOP
(S (NP It )NP (VP 's (NP (NP a *UNK , `` *UNKING '' world )NP , (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP bright , still *UNK people )NP (VP are (VP engaged (PP in (NP (NP a *UNK version )NP (PP of (NP day labor )NP )PP )NP )PP , (S (VP doing (NP (NP *UNK- , *UNK- work )NP (SBAR (SBAR (WHNP that )WHNP (S (VP brings (NP little satisfaction or security )NP )VP )S )SBAR but (SBAR (WHNP that )WHNP (S (NP they )NP (VP know (SBAR (S (NP they )NP (VP should (VP be (ADJP *UNK (S (VP to (VP do )VP )VP )S )ADJP )VP )VP )S )SBAR )VP )S )SBAR )SBAR )NP )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP *UNK (NP (NP every aspect )NP (PP of (NP their lives )NP )PP )NP )VP . )S  STOP
(S (S (NP Malcolm )NP (VP faces (NP (NP bankruptcy )NP and (NP an IRS audit )NP )NP )VP )S , but (S (NP *UNKC )NP (VP finds (NP an extra $ 30,000 )NP (PP in (NP her bank account )NP )PP , (S (ADVP suddenly )ADVP (VP increasing (NP her available funds )NP (NP some *UNK )NP )VP )S )VP )S . )S  STOP
(S (SBAR While (S (NP she )NP (VP is (VP wondering (SBAR whether (S (VP to (VP (VP live (NP it )NP (PRT up )PRT )VP , and (VP do (NP (NP something )NP (ADJP even more dramatic )ADJP )NP , (S (VP say (S (VP get (VP married )VP )VP )S )VP )S )VP )VP )VP )S )SBAR )VP )VP )S )SBAR , (NP her life )NP (VP is (ADJP further complicated (PP by (NP (NP the *UNK )NP (PP of (NP (NP an old *UNK )NP , (NP (NP David )NP , (NP (NP a film critic and actor )NP (SBAR (WHNP who )WHNP (S (ADVP always )ADVP (VP seems (S (VP to (VP be (PP (ADVP just )ADVP on (NP (NP the *UNK )NP (PP of (NP *UNK )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )NP )NP )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (PP In (NP (NP *UNK )NP (PP of (NP an earlier *UNK )NP )PP )NP )PP , (S (NP David )NP (VP would (VP have (VP represented (NP *UNK and danger )NP )VP )VP )VP )S ; (S (NP Malcolm )NP , (NP *UNK , middle-class security )NP )S . )S  STOP
(S (S (NP (NP The *UNK )NP (PP in (NP this novel )NP )PP )NP (VP is (SBAR that (S (NP neither man )NP (VP represents (NP a `` safe '' middle-class *UNK )NP )VP )S )SBAR )VP )S : (S (NP (NP *UNKC 's )NP decision )NP (VP is (PP between (NP (NP emotional excitement )NP and (NP emotional security )NP )NP )PP , (PP with (NP no firm economic base anywhere )NP )PP )VP )S . )S  STOP
(S (NP The characters )NP (VP *UNK (NP (NP a world )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP (NP it )NP )NP (VP seems (ADJP increasingly difficult )ADJP (S (VP to (VP find (NP (NP a `` middle way '' )NP (PP between (NP (NP the *UNK )NP (PP of (NP (NP success and failure )NP , (NP wealth and poverty )NP )NP )PP )NP )PP )NP )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (S (VP making (S (NP Malcolm and *UNKC )NP (NP (NP such *UNKLY representative *UNK )NP (PP of (NP their class and generation )NP )PP )NP )S )VP )S )PP , (NP Ms. *UNKC )NP (VP has (VP (ADVP somewhat )ADVP *UNKED (NP (NP the task )NP (PP of (S (VP making (S (NP them )NP (NP *UNKLY individual characters )NP )S )VP )S )PP )NP )VP )VP . )S  STOP
(S (NP (NP The humor )NP (PP of (NP the story )NP )PP )NP (VP owes (NP much )NP (PP to (NP the fact (SBAR that (S (NP (NP no *UNK )NP (PRN -LRB- (NP even (NP the characters ' )NP own )NP -RRB- )PRN )NP (VP are (ADJP likely (S (VP to (VP *UNKED (PP for (NP (NP the *UNK )NP (PP of (NP *UNK- *UNK )NP )PP )NP )PP )VP )VP )S )ADJP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S But (NP readers )NP (VP may (ADVP well )ADVP (VP feel (NP (NP the *UNK )NP (PP of (NP recognition )NP )PP )NP )VP )VP . )S  STOP
(S (PP In (NP any case )NP )PP , (NP the *UNKING middle classes )NP (VP are n't (NP (NP the only ones )NP (PP in (NP trouble )NP )PP -- or (SBAR (WHNP whose troubles )WHNP (S (VP provide (NP (NP material )NP (PP for (NP *UNK )NP )PP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP `` (NP *UNKC Money )NP '' (PRN -LRB- (NP (NP *UNKC *UNKC )NP , (NP *UNKN pages )NP , (NP $ *UNKN )NP )NP -RRB- )PRN , (NP (NP a novel )NP (PP by (NP consultant and business analyst Joseph R. *UNKC )NP )PP )NP , )NP (VP tells (NP (NP the story )NP (PP of (NP (NP an innovative , *UNK- , (ADJP widely *UNKED )ADJP computer manufacturing company )NP (VP called (S (NP *UNKC )NP )S )VP )NP )PP )NP (SBAR as (S (NP it )NP (VP faces (NP (NP a hostile takeover attempt )NP (PP by (NP (NP *UNKC )NP , (NP (NP a much smaller corporation )NP (SBAR (WHNP that )WHNP (S (VP is (VP (ADVP (ADVP so *UNKLY )ADVP )ADVP managed (SBAR as (S (VP to (VP constitute (NP (NP a standing *UNK )NP (PP in (NP the business world )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC , dynamic Scott Thatcher )NP , (NP (NP founder and head )NP (PP of (NP *UNKC )NP )PP )NP , )NP (ADVP initially )ADVP (VP finds (S (NP the takeover threat )NP (ADJP *UNK )ADJP )S )VP . )S  STOP
(S But , (SBAR as (S (NP (NP he )NP and (NP his *UNKED team )NP )NP (ADVP soon )ADVP (VP discover )VP )S )SBAR , (NP they )NP (VP 're (ADVP up (PP against (NP (NP (NP two factors )NP (SBAR (S (NP they )NP (VP had n't (VP counted (PP on )PP )VP )VP )S )SBAR )NP : (NP (NP (LST first )LST , (NP (NP a business climate )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP (NP a failing company )NP (PP with (NP (NP few assets )NP and (NP many debts )NP )NP )PP )NP (VP can (VP borrow (PP against (NP (NP the assets )NP (PP of (NP (NP the successful company )NP (SBAR (S (NP it )NP (VP hopes (S (VP to (VP acquire )VP )VP )S )VP )S )SBAR )NP )PP )NP )PP (SBAR in order (S (VP to (VP finance (NP the takeover )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )NP )NP ; (NP (LST second )LST , (SBAR that (SINV (VP standing (PP behind (NP *UNKC )NP )PP )VP (VP is )VP (NP (NP a *UNK consortium )NP (PP of (NP (NP (ADJP (ADJP much bigger )ADJP , (ADJP *UNK )ADJP and (ADJP *UNK )ADJP )ADJP foreign interests )NP (VP (ADVP *UNKLY )ADVP providing (NP (NP the money and muscle )NP (PP for (NP the deal )NP )PP )NP )VP )NP )PP )NP )SINV )SBAR )NP )NP )PP )ADVP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP manages (S (VP to (VP invest (NP (NP this tale )NP (PP of (NP financial wars )NP )PP )NP (PP with (NP (NP the *UNK characters )NP and (NP (NP *UNKED action )NP (PP of (NP a *UNK novel )NP )PP )NP )NP )PP )VP )VP )S )VP . )S  STOP
(S And (PP like (NP a spy or mystery story )NP )PP , (NP this novel )NP (VP has (NP (NP strong elements )NP (PP of (NP *UNK )NP )PP )NP , (SBAR as (S (NP the (ADJP good and *UNK )ADJP forces )NP (VP battle (NP it )NP (PRT out )PRT )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP *UNK (NP these moral *UNK )NP (PP with (NP (NP the broad *UNK *UNK )NP (PP of (NP (NP a *UNK )NP (SBAR (WHNP that )WHNP (S (ADVP occasionally )ADVP (VP *UNK (PP to (NP (NP the *UNK )NP (PP of (NP *UNKED *UNK )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC *UNK )NP (PP of (NP (NP *UNK Californians )NP , (NP *UNK *UNK )NP and (NP *UNKC union leaders )NP )NP )PP )NP (VP undermine (NP (NP the force )NP (PP of (NP (NP the author 's )NP perceptions )NP )PP )NP )VP . )S  STOP
(S (S (ADVP Yet )ADVP (NP (NP the *UNK- )NP (PP of (NP the *UNK )NP )PP )NP (ADVP also )ADVP (VP can (VP be (ADJP effective (PP in (NP (NP a book )NP (PP like (NP this )NP )PP )NP )PP )ADJP )VP )VP )S : (S (SBAR If (S (NP (NP the head )NP (PP of (NP *UNKC )NP )PP )NP (VP were not (VP *UNKED (PP as (NP an (ADJP *UNKLY *UNK )ADJP , *UNK *UNK )NP )PP )VP )VP )S )SBAR , (NP we )NP (VP (VP would not (VP (ADVP much )ADVP care (SBAR whether (S (NP his *UNK )NP (VP were (VP defeated )VP )VP )S )SBAR )VP )VP , and (VP would not (VP be (VP (ADVP so )ADVP diverted (PP in (NP the process )NP )PP )VP )VP )VP )VP )S . )S  STOP
(S (NP Ms. Rubin )NP (VP is (NP (NP a *UNK- writer )NP (VP based (PP in (NP Los Angeles )NP )PP )VP )NP )VP . )S  STOP
(S (NP *UNKC television )NP (VP promises (S (VP to (VP be (NP (NP the TV )NP (PP of (NP tomorrow )NP )PP )NP )VP )VP )S , (SBAR so (S (NP it )NP (VP is (NP a natural *UNK- market )NP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Although (S (NP major U.S. manufacturers )NP (VP have (ADVP all but )ADVP (VP *UNKED (NP (NP the main segment )NP (PP of (NP that future business )NP )PP )NP (PP to (NP Japan )NP )PP )VP )VP )S )SBAR , (NP not everyone )NP (ADVP here )ADVP (VP is (ADJP ready (S (VP to (VP give (PRT up )PRT )VP )VP )S )ADJP )VP . )S  STOP
(S (NP (NP A handful )NP (PP of (NP small U.S. companies )NP )PP )NP (VP are (VP struggling (S (VP to (VP develop (NP (NP the technology )NP (SBAR (S (VP to (VP build (NP (NP the screens )NP (PP for (NP (NP the thin , high-quality *UNK )NP (SBAR (WHNP that )WHNP (S (VP are (VP expected (S (VP to (VP *UNK (PP on (NP living room walls )NP )PP )VP )VP )S (PP by (NP (NP the end )NP (PP of (NP the 1990s )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP With (NP (NP only small help )NP (PP from (NP the government )NP )PP )NP )PP , (NP these start-up concerns )NP (VP are (VP trying (S (VP to (VP compete (PP with (NP (NP the *UNKC )NP (PP of (NP the Japanese consumer electronics industry )NP )PP , (SBAR (WHNP which )WHNP (S (VP enjoy (NP (NP considerable backing )NP (PP from (NP the Japanese government )NP )PP )NP )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP *UNKC Technology Inc. )NP (PP of (NP (NP *UNKC )NP , (NP Ohio )NP , )NP )PP )NP (VP aims (S (VP to (VP use (NP (NP a new form )NP (PP of (NP *UNK technology )NP )PP )NP (S (VP to (VP put (NP *UNK- images )NP (PP on (NP (NP a TV display )NP (SBAR (WHNP that )WHNP (S (VP is (UCP (NP (NP 40 inches )NP (PP in (NP *UNK )NP )PP )NP but (ADJP (NP (QP only a few )QP inches )NP *UNK )ADJP )UCP )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC Systems Inc. )NP (PP of (NP (NP *UNKC )NP , (NP *UNKC )NP , )NP )PP (NP (NP the largest )NP (PP of (NP these firms )NP )PP , (PP with (NP (NP (QP $ 20 million )QP )NP (PP in (NP annual revenue )NP )PP )NP )PP )NP , )NP (VP has (NP similar plans )NP )VP . )S  STOP
(S (NP It )NP (ADVP already )ADVP (VP has (VP had (NP (NP success )NP (PP in (NP (NP *UNK )NP , )NP (NP (NP another promising technology )NP (ADJP *UNK (PP for (NP high-definition television )NP )PP )ADJP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Two other firms )NP , (NP (NP (NP *UNKC *UNKING Systems Inc. )NP (PP of (NP (NP *UNKC )NP , (NP Mich. )NP , )NP )PP )NP and (NP (NP *UNKC Corp. )NP (PP of (NP Pittsburgh )NP )PP )NP )NP )NP (VP are (VP developing (NP (NP a *UNK )NP (PP of (NP the *UNK- screens )NP )PP (VP called (S (NP *UNK- liquid *UNK displays )NP )S )VP )NP )VP )VP . )S  STOP
(S (NP The new technologies )NP (VP are (VP intended (S (VP to (VP retire (NP (NP the *UNK- tube )NP , (SBAR (WHNP which )WHNP (S (VP accounts (PP for (NP (NP most )NP (PP of (NP (NP the bulk )NP (PP of (NP the conventional TV set )NP )PP )NP )PP )NP )PP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (VP *UNKING (NP the *UNK- tube )NP (PP with (NP a large , thin screen )NP )PP )VP )S (VP is (NP (NP the key )NP (PP to (NP (NP the creation )NP (PP of (NP (NP (NP a high-definition television )NP , or (NP HDTV )NP , )NP (SBAR (WHNP which )WHNP (S (VP is (VP expected (S (VP to (VP become (NP a (ADJP (QP $ 30 billion )QP )ADJP business )NP (ADVP world-wide )ADVP (PP within (NP a decade )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Large U.S. companies )NP (VP are (ADJP interested (PP in (NP (NP other segments )NP (PP of (NP the HDTV business )NP )PP , (PP such as (NP *UNKING and broadcast equipment )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S But (PP except (PP for (NP (NP *UNKC Electronics Corp. )NP and (NP (NP International Business Machines Corp. )NP , (SBAR (WHNP which )WHNP (S (VP is (VP *UNKING (PP with (NP Toshiba )NP )PP (PP on (NP computer displays )NP )PP )VP )VP )S )SBAR )NP )NP )PP )PP , (NP they )NP (VP are (VP (ADVP poorly )ADVP positioned (S (VP to (VP exploit (NP (NP advances )NP (PP in (NP large panels )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP General Electric Co. )NP (ADVP recently )ADVP (VP sold (PRT off )PRT (NP (NP its interests )NP (PP in (NP *UNK- displays )NP )PP )NP (PP to (NP (NP *UNKC )NP (PP of (NP France )NP )PP )NP )PP )VP . )S  STOP
(S `` (S (NP We )NP (VP found (S (NP the market )NP (VP not developing (SBAR as (S (NP we )NP (VP thought (SBAR (S (NP it )NP (VP would )VP )S )SBAR )VP )S )SBAR )VP )S )VP )S , '' (NP a GE spokesman )NP (VP says )VP . )S  STOP
(S (NP The small U.S. firms )NP (VP are (VP *UNKING (UCP (PP because of (NP (NP their strong positions )NP (PP in (NP patents )NP )PP )NP , )PP and (SBAR because (S (NP the *UNK )NP (VP is (ADVP still )ADVP (ADVP there )ADVP (S (VP to (VP be (VP seized )VP )VP )VP )S )VP )S )SBAR )UCP )VP )VP . )S  STOP
(SINV `` (S (NP No one )NP (ADVP yet )ADVP (VP has (VP shown (NP the ability (S (VP to (VP manufacture (NP these panels )NP '' (PP at (NP commercial costs )NP )PP )VP )VP )S )NP )VP )VP )S , (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP the president )NP (PP of (NP *UNKC *UNKING )NP )PP )NP )NP . )SINV  STOP
(S (NP He )NP (VP says (SBAR (S (NP he )NP (VP thinks (SBAR (S (NP his company )NP (VP is (NP (NP just a few years )NP (PP from (S (VP doing (NP that )NP )VP )S )PP )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The Bush administration )NP , (VP hearing (NP (NP *UNKING advice )NP (PP about (SBAR (WHNP what )WHNP (S (NP (NP its role )NP (PP in (NP HDTV )NP )PP )NP (VP should (VP be )VP )VP )S )SBAR )PP )NP )VP , )NP (VP is n't (VP doing (NP much )NP (PP for (NP now )NP )PP )VP )VP . )S  STOP
(S (NP (NP The only material support )NP (SBAR (S (NP it )NP (VP is (VP extending (PP to (NP the struggling U.S. industry )NP )PP )VP )VP )S )SBAR )NP (VP is (NP (NP (QP $ 30 million )QP )NP (PP in (NP (NP *UNK )NP (PP from (NP (NP the Pentagon 's )NP Defense Advanced Research *UNKC Agency )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The *UNKC funds )NP (VP are (NP a *UNK )NP (PP compared (PP with (SBAR (WHNP what )WHNP (S (NP (NP Japan )NP and (NP other prospective competitors )NP )NP (VP are (VP spending )VP )VP )S )SBAR )PP )PP )VP . )S  STOP
(S (NP The Commerce Department )NP (VP estimates (SBAR that (S (NP (NP Japanese government and industry spending )NP (PP on (NP HDTV research )NP )PP )NP (VP is (ADVP already )ADVP (PP over (NP (QP $ 1 billion )QP )NP )PP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (SBAR Unless (S (NP it )NP (VP gets (NP more help )NP )VP )S )SBAR , (NP the U.S. industry )NP (VP wo n't (VP have (NP a chance )NP )VP )VP )S , '' (VP says )VP (NP (NP Peter *UNKC )NP , (NP (NP *UNKC 's )NP executive vice president )NP )NP . )SINV  STOP
(S (ADVP Thus far )ADVP , (NP (NP almost all )NP (PP of (NP (NP the basic technology )NP (VP relating (PP to (NP high-definition television )NP )PP )VP )NP )PP )NP (VP has (VP come (PP from (NP U.S. *UNK )NP )PP )VP )VP . )S  STOP
(S But (NP (NP Peter *UNKC )NP , (NP (NP *UNKC 's )NP president )NP , )NP (VP says (SBAR (S (NP Japanese companies )NP (VP are (VP *UNKED (S (VP to (VP (VP *UNK (NP the technology )NP )VP and (VP put (NP it )NP (PP to (NP commercial use )NP )PP )VP )VP , (SBAR just as (S (NP they )NP (VP did (PP with (NP (NP earlier U.S. *UNK )NP (PP in (NP (NP color television )NP and (NP video recording )NP )NP )PP )NP )PP )VP )S )SBAR )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP the 1970s )NP )PP , (NP Mr. *UNKC )NP (VP helped (S (VP develop (NP (NP the first display panels )NP (VP based (PP on (NP *UNK- liquid *UNK )NP )PP )VP )NP (PP at (NP (NP (NP Westinghouse Electric Corp. 's )NP research *UNK )NP (PP in (NP Pittsburgh )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (NP The panels )NP (VP are (PP like (NP (NP *UNKED semiconductors )NP (VP surfaced (PP with (NP (NP (QP a million or more )QP picture elements )NP , (NP (NP each )NP (VP contributing (PP to (NP (NP the color and tone )NP (PP of (NP a TV image )NP )PP )NP )PP )VP )NP )NP )PP )VP )NP )PP )VP . )S  STOP
(S (PP In (NP 1979 )NP )PP , (ADVP however )ADVP , (NP Westinghouse )NP (VP abandoned (NP the project )NP (PP along (PP with (NP (NP its stake )NP (PP in (NP advanced television )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP left (NP the company )NP (S (VP to (VP find (NP other *UNK )NP )VP )VP )S )VP . )S  STOP
(S (S (NP He )NP (VP has (NP (NP a claim )NP (PP to (NP the right (S (VP to (VP *UNK (NP the Westinghouse patents )NP )VP )VP )S )NP )PP )NP )VP )S , but (S (NP he )NP (VP contends (SBAR that (S (NP those patents )NP (VP are (VP being (VP *UNKED (PP by (NP (NP a number )NP (PP of (NP Japanese producers )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP )S . )S  STOP
(S `` (S (NP Most American investors )NP (VP have (ADVP just )ADVP (VP given (PRT up )PRT )VP )VP )S , '' (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S `` (NP They )NP (VP are n't (ADJP prepared (S (VP to (VP compete (PP in (NP (NP an area )NP (SBAR (WHADVP where )WHADVP (S (NP the Japanese )NP (VP want (S (VP to (VP enter )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP )S )ADJP )VP . '' )S  STOP
(S (S (NP Many critics )NP (VP question (NP (NP (NP the industry 's )NP need )NP (PP for (NP federal support )NP )PP )NP )VP )S ; (S (NP the Pentagon )NP (VP *UNK (NP its help )NP (PP on (NP *UNK- grounds )NP )PP )VP )S . )S  STOP
(SINV `` (S (S (NP We )NP (VP do n't (VP see (NP (NP a domestic source )NP (PP for (NP (NP some )NP (PP of (NP our -LCB- HDTV -RCB- requirements )NP )PP )NP )PP )NP )VP )VP )S , and (S (NP that )NP (VP 's (NP (NP a source )NP (PP of (NP concern )NP )PP )NP )VP )S )S , '' (VP says )VP (NP (NP Michael *UNKLY )NP , (NP (NP director )NP (PP of (NP (NP *UNKC 's )NP defense manufacturing office )NP )PP )NP )NP . )SINV  STOP
(S (ADVP So )ADVP (NP *UNKC )NP (VP is (VP trying (S (VP to (VP keep (S (NP the industry )NP (ADJP interested (PP in (S (VP developing (NP large display panels )NP )VP )S )PP )ADJP )S )VP )VP )S (PP by (S (VP *UNKING (PRT out )PRT (NP research funds )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP HDTV )NP (ADVP already )ADVP (VP has (NP (NP some military applications )NP , (PP such as (S (VP (VP creating (NP realistic flight *UNK )NP )VP and (VP *UNKING (NP information )NP (PP to (NP combat *UNK )NP )PP )VP )VP )S )PP )NP )VP . )S  STOP
(S (S (NP The Navy )NP (VP is (VP ordering (NP displays )NP (PP for (NP its *UNKC *UNK )NP )PP )VP )VP )S and (S (NP the Army )NP (VP wants (NP (NP smaller versions )NP (PP for (NP its *UNKC battle tanks )NP )PP )NP )VP )S . )S  STOP
(S (NP The Commerce Department )NP (ADVP also )ADVP (VP is (VP trying (S (VP to (VP encourage (NP HDTV )NP )VP )VP )S (PP because of (NP (NP the benefits )NP (SBAR (WHNP that )WHNP (S (VP could (VP spin (ADVP off )ADVP (PP to (NP the semiconductor and computer industries )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP is n't (NP just *UNK television )NP )VP )S , '' (VP argues )VP (NP (NP Jack *UNKC )NP , (NP (NP director )NP (PP of (NP (NP (NP the department 's )NP office )NP (PP of (NP *UNK and *UNK )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP The industry )NP (VP will (VP create (NP (NP industrial products )NP (PP such as (NP (NP displays )NP (PP for (NP (NP work stations )NP and (NP medical diagnostic equipment )NP )NP )PP )NP )PP )NP (SBAR before (S (NP it )NP (VP acquires (NP a mass consumer market )NP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (SBAR Although (S (NP some HDTV advocates )NP (VP are (VP calling (PP for (NP (NP other forms )NP (PP of (NP aid )NP )PP , (PP such as (NP (NP antitrust relief )NP (PP for (NP research *UNK )NP )PP )NP )PP , )NP )PP )VP )VP )S )SBAR (NP the small firms )NP (ADVP simply )ADVP (VP would (VP prefer (NP more *UNKC funds )NP )VP )VP . )S  STOP
(S (NP Each )NP (VP (VP claims (S (VP to (VP *UNK (NP the right technology )NP )VP )VP )S )VP and (VP wants (NP (QP just a bit more )QP money )NP (S (VP to (VP make (S (NP it )NP (ADJP commercial )ADJP )S )VP )VP )S )VP )VP . )S  STOP
(S (NP They )NP (ADVP also )ADVP (VP want (S (NP U.S. trade policy )NP (VP to (VP reflect (NP (NP (NP the Pentagon and Commerce department 's )NP concern )NP (PP over (NP their future )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP They )NP (NP all )NP )NP (VP are (ADJP strongly opposed (PP to (NP (NP a petition )NP (PP from (NP (NP several Japanese TV manufacturers )NP , (PP including (NP *UNKC , Hitachi , and Toshiba )NP )PP , )NP )PP (S (VP to (VP exempt (NP (NP portable color *UNKC )NP (PP with (NP *UNK- displays )NP )PP )NP (PP from (NP (NP *UNKING duties )NP (SBAR (WHNP that )WHNP (S (NP the U.S. )NP (VP *UNK (PP on (NP the larger Japanese color TVs )NP )PP )VP )S )SBAR )NP )PP )VP )VP )S )NP )PP )ADJP )VP . )S  STOP
(S And (NP they )NP (VP want (S (NP the U.S. )NP (VP to (VP help (S (NP them )NP (VP sell (ADVP overseas )ADVP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP *UNKC President James *UNKC )NP (VP says (SBAR (S (NP he )NP (VP has (S (VP to (VP pay (NP (NP tariffs )NP (ADJP (ADJP as high )ADJP (PP as (NP 15 % )NP )PP )ADJP )NP )VP )VP )S (S (VP to (VP sell (NP his display panels )NP (PP in (NP (NP Japan )NP and (NP South Korea )NP )NP )PP )VP )VP )S )VP , (SBAR while (S (NP (NP panels )NP (PP from (NP those countries )NP )PP )NP (VP enter (NP the U.S. )NP (ADVP *UNK- )ADVP )VP )S )SBAR )S )SBAR )VP . )S  STOP
(S `` (S (NP This )NP (VP is n't (NP (NP a technology issue )NP , but (NP an attitude issue )NP )NP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (NP We )NP (ADVP just )ADVP (VP have n't (VP learned (SBAR (WHNP what )WHNP (S (NP it )NP (VP takes (S (VP to (VP compete )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP *UNKC Oil PLC )NP , (NP a British independent oil and *UNK- marketing concern )NP , )NP (VP said (SBAR (S (NP *UNKC Holdings N.V. )NP (VP has (VP built (PRT up )PRT (NP (NP a (ADJP 7.5 % )ADJP stake )NP (PP in (NP the company )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The holding )NP (PP of (NP (QP *UNKN million )QP shares )NP )PP )NP (VP is (ADVP up )ADVP (PP from (NP (NP a (ADJP 6.7 % )ADJP stake )NP (SBAR (S (NP that *UNKC )NP (VP announced (SBAR (S (NP *UNKC )NP (VP held (PP as (PP of (NP last Monday )NP )PP )PP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (PP of (NP the Netherlands )NP )PP , (SBAR (SBAR (WHNP which )WHNP (S (NP last year )NP (VP merged (NP its North Sea oil and gas operations )NP (PP with (NP (NP those )NP (PP of (NP *UNKC Group PLC )NP )PP )NP )PP )VP )S )SBAR and (SBAR (WHNP which )WHNP (S (VP owns (NP (NP 40 % )NP (PP of (NP *UNKC )NP )PP )NP )VP )S )SBAR )SBAR , )NP (VP was (VP identified (PP as (NP (NP a possible suitor )NP (PP for (NP *UNKC )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (SBAR (S (NP it )NP (VP had n't (VP held (NP (NP any discussions )NP (PP with (NP *UNKC )NP )PP )NP )VP )VP )S )SBAR and (SBAR that `` (S (NP (NP no deal )NP (PP of (NP any nature )NP )PP )NP (VP is (PP in (NP *UNK )NP )PP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP (NP The top state environmental official )NP (PP in (NP Massachusetts )NP )PP )NP (VP said (SBAR (S (NP (NP (NP Clean *UNKC Inc. 's )NP *UNK- statement )NP (PP for (NP (NP a proposed *UNK )NP (PP in (NP *UNKC )NP )PP )NP )PP )NP (VP was (ADJP inadequate )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The official )NP , (NP John *UNKC )NP , )NP (VP asked (NP Clean *UNKC )NP (PP for (NP more information )NP )PP (PP before (S (VP ruling (PP on (NP (NP a permit )NP (PP for (NP the site )NP )PP )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP (NP Critics )NP (PP of (NP the plan )NP )PP , (PP including (NP (NP the town )NP (PP of (NP *UNKC )NP )PP )NP )PP , )NP (VP say (SBAR (S (NP the *UNK )NP (VP is (NP a health *UNK )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Clean *UNKC )NP , (VP based (PP in (NP *UNKC )NP )PP )VP , )NP (VP said (SBAR (S (NP it )NP `` (VP will (VP proceed (ADVP *UNKLY )ADVP '' (S (VP to (VP submit (NP (NP the data )NP (VP requested )VP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Alan *UNKC )NP , (NP (NP chief executive officer )NP (PP of (NP Clean *UNKC )NP )PP )NP )NP (VP said (SBAR (S (NP he )NP (VP was (ADJP `` very much encouraged '' (PP by (NP (NP (NP the official 's )NP *UNK )NP (PP of (NP Clean *UNKC )NP )PP (PP for (NP (NP the quality )NP (PP of (NP (NP some )NP (PP of (NP (NP the data )NP (PP in (NP the report )NP )PP )NP )PP )NP )PP )NP )PP )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP Citizens & Southern Corp. )NP (VP said (SBAR (S (NP it )NP (VP signed (NP a definitive agreement (S (VP to (VP acquire (NP (NP Security Pacific Corp. 's )NP New York-based *UNKING unit )NP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Terms )NP (PP of (NP (NP the bank holding companies ' )NP agreement )NP )PP )NP (VP were n't (VP disclosed )VP )VP . )S  STOP
(S (NP *UNKING )NP (VP involves (NP (NP the purchase and collection )NP (PP of (NP (NP another company 's )NP receivables )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP Citizens )NP , (VP based (PP in (NP Atlanta )NP )PP )VP , )NP (VP said (SBAR (S (NP it )NP (VP has (NP (NP (QP about $ 4.6 billion )QP )NP (PP in (NP *UNKED sales )NP )PP )NP (ADVP annually )ADVP )VP )S )SBAR )VP )S ; (S (NP the Security Pacific unit )NP (VP has (NP (QP about $ 1.8 billion )QP )NP (ADVP annually )ADVP )VP )S . )S  STOP
(S (NP (NP Security Pacific 's )NP *UNKING business )NP (VP works (PP with (NP (NP companies )NP (PP in (NP (NP the apparel , textile and food industries )NP , (PP among (NP others )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The Office )NP (PP of (NP Thrift Supervision )NP )PP )NP (VP banned (NP (NP *UNKC *UNKC )NP , (NP (NP a former director )NP (PP of (NP (NP the failed *UNKC Banc Savings Association )NP (PP of (NP (NP *UNKC )NP , (NP Texas )NP , )NP )PP )NP )PP )NP )NP (PP from (S (VP working (PP in (NP (NP any financial institution )NP (VP insured (PP by (NP the government )NP )PP )VP )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP (NP The office )NP , (NP (NP a Treasury Department unit )NP (SBAR (WHNP that )WHNP (S (VP is (NP (NP the successor )NP (PP to (NP the Federal Home Loan Bank Board )NP )PP )NP )VP )S )SBAR )NP , )NP (VP said (SBAR (S (NP this )NP (VP was (NP (NP the first announcement )NP (PP of (NP an enforcement action )NP )PP )NP (SBAR since (S (NP (NP this year 's )NP *UNK- legislation )NP (VP ordered (SBAR that (S (NP (NP all such actions )NP (PP by (NP federal banking regulators )NP )PP )NP (VP be (VP made (S (ADJP public )ADJP )S )VP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (ADVP Generally )ADVP , (NP regulators )NP (VP have n't (VP announced (NP enforcement actions )NP (PP in (NP the past )NP )PP )VP )VP . )S  STOP
(S (ADVP Indeed )ADVP , (NP the *UNKC )NP (VP said (SBAR that (S (SBAR before (S (NP the law )NP (VP took (NP effect )NP (NP Aug. 9 )NP )VP )S )SBAR , (NP it )NP (VP banned (NP another `` key *UNKC Banc insider '' )NP (PP from (NP insured financial institutions )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP That individual )NP (VP was n't (VP identified )VP )VP . )S  STOP
(S (S (NP *UNKC Banc )NP (VP was (VP placed (PP in (NP government *UNK )NP )PP (PP in (NP March )NP )PP )VP )VP )S , and (S (NP it )NP (VP operates (PP under (NP (NP the control )NP (PP of (NP (NP the Resolution Trust Corp. )NP , (NP (NP the agency )NP (VP created (S (VP to (VP sell or *UNK (NP insolvent thrifts )NP )VP )VP )S )VP )NP )NP )PP )NP )PP )VP )S . )S  STOP
(S (NP The *UNKC )NP (VP did n't (VP say (ADVP specifically )ADVP (SBAR (WHADVP why )WHADVP (S (NP the action )NP (VP was (VP taken (PP against (NP Ms. *UNKC )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP However )ADVP , (NP it )NP (VP said (SBAR (S (NP *UNK )NP (VP found (NP (NP a variety )NP (PP of (NP (NP insider dealings )NP (PP at (NP the thrift )NP )PP )NP )PP , (PP including (NP (NP `` (NP extraordinary loan commissions )NP '' (VP paid (PP to (NP (NP a firm )NP (VP associated (PP with (NP *UNKC Banc officials )NP )PP )VP )NP )PP )VP )NP , and (NP (NP loans )NP (VP diverted (PP through (NP borrowers )NP )PP (PP back (PP to (NP the thrift officials )NP )PP )PP )VP )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Ms. *UNKC )NP (VP could n't (VP be (VP reached (PP for (NP comment )NP )PP )VP )VP )VP . )S  STOP
(S (NP Arizona *UNKC Corp. )NP (VP said (SBAR (S (NP it )NP (VP expects (S (VP to (VP post (NP (NP a third-quarter net loss )NP (PP of (NP (NP (QP about $ *UNKN )QP )NP , or (NP (NP (QP 25 cents to 27 )QP cents )NP (NP a share )NP )NP )NP )PP , (PP compared (PP with (NP (NP net income )NP (PP of (NP (NP (NP $ *UNKN )NP , or (NP (NP 10 cents )NP (NP a share )NP )NP , )NP (ADVP (NP a year )NP earlier )ADVP )NP )PP )NP )PP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The (NAC *UNKC , Ariz. , )NAC maker )NP (PP of (NP *UNK *UNK- systems )NP )PP )NP (VP said (SBAR (S (NP the most recent period )NP (VP was (VP affected (PP by (NP (NP (NP customers ' )NP problems )NP (S (VP *UNKING (PP with (NP recent Environmental Protection Agency regulations )NP )PP )VP )S )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP the company )NP (VP expects (S (VP to (VP post (NP (NP a net loss )NP (PP of (NP (NP (QP about $ *UNKN )QP )NP , or (NP (NP (QP 35 cents to 40 )QP cents )NP (NP a share )NP )NP )NP )PP , (PP on (NP (NP revenue )NP (PP of (NP (QP $ 6.5 million )QP )NP )PP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (ADVP (NP A year )NP earlier )ADVP , (NP it )NP (VP had (NP (NP a loss )NP (PP of (NP (NP $ *UNKN )NP or (NP (NP nine cents )NP (NP a share )NP )NP , )NP )PP (PP on (NP (NP revenue )NP (PP of (NP $ (QP 7.6 million )QP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Growth )NP (VP is (ADJP good )ADJP )VP . )S  STOP
(S (ADVP At least )ADVP , (NP that )NP (VP 's (NP (NP a theme )NP (VP emerging (PP among (NP (NP many money managers )NP (SBAR (WHNP who )WHNP (S (VP are (ADJP anxious (S both (VP to (VP (VP preserve (NP (NP the *UNK stock-market gains )NP (SBAR (S (NP they )NP (VP have (ADVP already )ADVP (VP achieved (NP this year )NP )VP )VP )S )SBAR )NP )VP and (VP to (VP catch (NP (NP the next wave )NP (PP of (NP *UNK- performers )NP )PP )NP )VP )VP )VP )VP )S )ADJP )VP )S )SBAR )NP )PP )VP )NP )VP . )S  STOP
(S (NP They )NP (VP are (VP starting (S (VP to (VP buy (NP growth stocks )NP )VP )VP )S )VP )VP . )S  STOP
(SQ (VP *UNKC (NP them )NP )VP ? )SQ  STOP
(S (NP (NP The upper *UNK )NP (PP of (NP this group )NP )PP )NP (VP were (NP (NP shares )NP (PP of (NP (NP the `` *UNK 50 '' companies )NP (SBAR (WHNP (NP whose profits )NP (PP of (NP (NP the 1960s )NP and (NP early 1970s )NP )NP )PP )WHNP (S (VP grew (ADVP steadily )ADVP , (ADVP if not *UNKLY )ADVP , (PP through (ADJP *UNK and thin )ADJP )PP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP (NP That sort )NP (PP of (NP *UNK performance )NP )PP )NP (VP sounds (S (VP made (S (VP to (VP order (PP for (NP (NP a time )NP (SBAR (WHADVP when )WHADVP (S (NP corporate profits )NP (ADVP overall )ADVP (VP have (VP been (VP weakening (PP from (NP (NP the brisk increases )NP (PP of (NP recent years )NP )PP )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )S )VP . )S  STOP
(S (NP (NP The current *UNK )NP (PP of (NP third-quarter reports )NP )PP )NP (VP are (VP producing (NP (NP (ADJP many more )ADJP negative *UNK )NP (PP than (NP positive ones )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP Those )NP (VP are (NP unwelcome trends )NP (PP in (NP (NP a year )NP (SBAR (WHNP that )WHNP (S (NP the Dow Jones Industrial Average )NP (VP has (VP risen (NP 23 % )NP (ADVP so far )ADVP , (PP even with (NP (NP the *UNK- plunge )NP (PP on (NP Oct. 13 )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )VP )S ; (S (NP broader market measures )NP (VP are (PP in (NP the same neighborhood )NP )PP )VP )S . )S  STOP
(S (NP (NP The question )NP (PP for (NP investors )NP )PP )NP (VP is , (SBAR (WHADVP how )WHADVP (S (VP to (VP (VP protect (NP these returns )NP )VP and (VP (ADVP yet )ADVP reach (NP (NP a little )NP (PP for (NP additional gains )NP )PP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP 's (NP (NP the path )NP (PP of (NP *UNKING )NP )PP (VP leading (PP to (NP growth stocks )NP )PP )VP )NP )VP . )S  STOP
(SINV `` (S (NP I )NP (VP think (SBAR (S (NP it )NP (VP is (NP (NP a good theme )NP (WHPP for (SBAR (WHNP what )WHNP (S (VP looks (S (VP to (VP be (NP an uncertain market )NP )VP )VP )S )VP )S )SBAR )WHPP )NP )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP Steven *UNKC )NP , (NP (NP partner )NP (PP at (NP Goldman Sachs )NP )PP )NP )NP . )SINV  STOP
(S (S (S (NP Growth stocks )NP (VP may (VP be (ADJP (ADJP (ADJP as big )ADJP (PP as (NP Philip Morris )NP )PP )ADJP or (ADJP (ADJP medium-sized )ADJP (PP such as (NP Circuit City Stores )NP )PP )ADJP )ADJP )VP )VP )S , but (S (NP their common *UNK )NP (VP is (NP (NP a history )NP (PP of (S (VP increasing (NP profits )NP (PP on (NP (NP the order )NP (PP of (NP (NP (QP at least 15 % to 20 % )QP )NP (NP a year )NP )NP )PP )NP )PP )VP )S )PP )NP )VP )S )S , (NP money managers )NP (VP say )VP . )S  STOP
(SINV `` (S (NP (NP The period )NP (SBAR (WHADVP when )WHADVP (S (NP growth stocks )NP (VP should (VP be (VP performing (ADVP well )ADVP )VP )VP )VP )S )SBAR )NP (VP is (SBAR (WHADVP when )WHADVP (S (NP their earnings )NP (VP are (VP growing (PP at (NP (NP a superior rate )NP (PP to (NP (NP the general level )NP (PP of (NP corporate profits )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP Stephen *UNKC )NP , (NP (NP president )NP (PP of (NP (NP T. Rowe Price 's )NP Growth and Income Fund )NP )PP )NP )NP . )SINV  STOP
(S (NP Growth stocks )NP (ADVP also )ADVP (VP are (ADJP attractive )ADJP (PP in (NP (NP periods )NP (PP of (NP market volatility )NP )PP , (SBAR (WHNP which )WHNP (S (NP many investors and analysts )NP (VP expect (PP in (NP the weeks ahead )NP )PP (SBAR as (S (NP everybody )NP (VP tries (S (VP to (VP *UNK (SBAR (WHADVP where )WHADVP (S (NP the economy )NP (VP is (VP heading )VP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP This kind )NP (PP of (NP *UNK uncertainty )NP )PP )NP (VP *UNK (NP (NP John *UNKC )NP , (NP (NP senior economist )NP (PP for (NP American Express Bank )NP )PP )NP , )NP (PP of (NP (NP the *UNKN period )NP , (SBAR (WHADVP when )WHADVP (S (S (NP the industrial average )NP (VP rolled (PP through (NP huge ranges )NP )PP )VP )S and (S (NP investors )NP (VP *UNKED (PP to (NP (NP the shares )NP (PP of (NP (NP companies )NP (PP with (NP proven earnings records )NP )PP , (SBAR (WHNP which )WHNP (S (VP became (ADJP known (PP as (NP the `` *UNK 50 )NP )PP )ADJP )VP )S )SBAR )NP )PP )NP )PP )VP )S )S )SBAR )NP )PP )VP . '' )S  STOP
(SINV (S And (NP they )NP (VP will (ADVP again )ADVP )VP )S , (VP say )VP (NP (NP *UNK- *UNK )NP (PP of (NP the *UNK- theme )NP )PP )NP . )SINV  STOP
(S (NP (NP *UNKC Smith )NP , (NP (NP president )NP (PP of (NP (NP a money management company )NP (VP bearing (NP his name )NP )VP )NP )PP )NP , )NP (VP predicts (SBAR that (S (NP (NP investment companies )NP (VP using (NP computers )NP (S (VP to (VP identify (NP (NP companies )NP (PP with (NP earnings `` momentum '' )NP )PP )NP )VP )VP )S )VP )NP (VP will (VP climb (PP on (NP the *UNK- *UNK )NP )PP (SBAR as (S (NP the overall corporate earnings outlook )NP (VP *UNK (ADVP further )ADVP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (ADVP also )ADVP (VP thinks (SBAR (S (NP (NP foreign investors )NP , (SBAR (WHNP who )WHNP (S (VP are (VP showing (NP (NP signs )NP (PP of (NP more *UNK investing )NP )PP )NP )VP )VP )S )SBAR , )NP (VP will (VP (VP join (NP the pursuit )NP )VP and (VP pump (PRT up )PRT (NP prices )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP We )NP (VP 're (VP (ADVP just )ADVP seeing (NP (NP the beginning )NP (PP of (NP a shift )NP )PP )NP )VP )VP )S , '' (NP Mr. Smith )NP (VP says )VP . )S  STOP
(S (NP Mr. Smith )NP (VP recommends (NP (NP *UNKC Semiconductor )NP (SBAR (WHNP that )WHNP (S (VP is (ADVP currently )ADVP (VP showing (NP a robust (ADJP 63 % )ADJP earnings growth rate )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Ronald Sloan )NP , (NP (NP executive vice president )NP (PP of (NP *UNKC Capital Management )NP )PP )NP , )NP (VP likes (NP (NP *UNKC Inc. )NP , (NP (NP a company )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP plastic )NP (PP into (NP (NP synthetic fibers )NP (PP for (NP *UNKING )NP )PP )NP )PP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (NP Mr. Sloan )NP (VP (VP *UNK (NP the company )NP (PP as (ADJP recession *UNK )ADJP )PP )VP and (VP notes (SBAR that (S (NP it )NP (VP has (NP (NP an annual earnings growth rate )NP (PP of (NP (NP 32 % )NP (NP a year )NP )NP )PP )NP (PP over (NP the past five years )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP *UNKC stock )NP (VP closed (NP Friday )NP (PP at (NP (QP 39 3\/8 )QP )NP )PP , (ADVP up (NP 1\/8 )NP )ADVP )VP )S ; (S (NP Mr. Sloan )NP (VP thinks (SBAR that (S (PP in (NP a year )NP )PP (NP it )NP (VP could (VP hit (NP 60 )NP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP Others )NP (VP *UNK (NP (NP the *UNK )NP (PP of (S (VP buying (NP only blue-chip growth stocks )NP )VP )S )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP chief market strategist )NP (PP for (NP First Boston )NP )PP )NP , (SBAR (WHNP who )WHNP (S (ADVP still )ADVP (VP says , `` (S (NP We )NP (VP expect (S (NP the Dow average )NP -LCB- (VP to (VP be (PP at -RCB- (NP *UNKN )NP )PP (PP by (NP *UNK- )NP )PP )VP )VP )S )VP , '' )S )VP )S )SBAR )NP (ADVP nonetheless )ADVP (VP *UNK (NP a sluggish economy )NP (PP in (NP the meantime )NP )PP )VP . )S  STOP
(S (NP He )NP (VP recommends (NP (NP such blue-chip growth *UNK )NP (PP as (NP (NP Philip Morris )NP , (NP PepsiCo )NP , (NP *UNKC International )NP , (NP Reebok International )NP , and (NP Limited Inc )NP )NP )PP )NP )VP . )S  STOP
(S (NP All )NP (VP have (NP (NP a *UNK earnings growth rate )NP (PP of (NP (NP (QP more than 20 )QP % )NP (NP a year )NP )NP )PP )NP )VP . )S  STOP
(S (NP Some money managers )NP (VP are (VP pursuing (NP growth stocks )NP (PP at (NP (NP the expense )NP (PP of (NP (NP those )NP (SBAR (WHNP that )WHNP (S (VP rise and fall (PP along (PP with (NP the economic cycle )NP )PP )PP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP (NP One )NP (PP of (NP (NP the stories )NP (PP of (NP the fourth quarter )NP )PP )NP )PP )NP (VP is (SBAR that (S (NP we )NP (VP will (VP get (NP (NP an unusual number )NP (PP of (NP earnings disappointments )NP )PP )NP (PP from (NP (NP companies )NP (ADJP sensitive (PP to (NP the economy )NP )PP )ADJP )NP )PP )VP )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP Mr. *UNKC )NP (PP of (NP T. Rowe Price )NP )PP )NP . )SINV  STOP
(S (NP (NP James Wright )NP , (NP (NP chief investment officer )NP (PP for (NP Banc One Asset Management )NP )PP )NP , )NP (VP says , `` (S (NP We )NP (VP 've (VP been (VP (VP selling (NP (NP a disproportionate share )NP (PP of (NP cyclical companies )NP )PP )NP )VP and (VP buying (NP (NP a disproportionate share )NP (PP of (NP high earnings stocks )NP )PP )NP )VP )VP )VP )VP )S )VP . '' )S  STOP
(S (NP He )NP (ADVP recently )ADVP (VP trimmed (NP (NP his portfolio )NP (PP of (NP (NP International Paper )NP , (NP Dow Chemical )NP , (NP Quantum Chemical )NP , (NP International Business Machines )NP and (NP Digital Equipment )NP )NP )PP )NP )VP . )S  STOP
(S (NP He )NP (VP is (VP putting (NP money )NP (PP in (NP (NP *UNKC *UNKC )NP , (NP Circuit City Stores )NP , (NP (NP *UNKC 's )NP )NP , and (NP Rubbermaid )NP )NP )PP )VP )VP . )S  STOP
(SINV (S (NP Big cyclical companies )NP (VP are (VP using `` (NP (NP all the *UNK )NP (SBAR (S (NP they )NP (VP can )VP )S )SBAR )NP (S (VP to (VP stabilize (NP earnings )NP )VP )VP )S , '' )VP )VP )S (VP says )VP (NP Mr. Sloan )NP . )SINV  STOP
(S (NP He )NP (VP cites (NP (NP IBM )NP , (SBAR (SBAR (WHNP which )WHNP (S (VP reported (NP (NP a (ADJP 30 % )ADJP earnings decline )NP (PP in (NP the third quarter )NP )PP )NP )VP )S )SBAR , and (SBAR (WHNP which )WHNP (S (NP last week )NP (VP announced (NP (NP a (ADJP (QP $ 1 billion )QP )ADJP buy-back )NP (PP of (NP its shares )NP )PP )NP )VP )S )SBAR )SBAR )NP )VP . )S  STOP
(SINV `` (S (SBAR (WHNP What )WHNP (S (NP they )NP (VP are (VP telling (NP you )NP )VP )VP )S )SBAR (VP is (SBAR that (S (NP they )NP (VP do n't (VP have (NP the ability (S (VP to (VP generate (NP higher returns )NP (ADVP *UNKLY )ADVP )VP )VP )S )NP )VP )VP )S )SBAR )VP )S , '' (VP says )VP (NP Mr. Sloan )NP . )SINV  STOP
(S `` (SBAR (WHADVP When )WHADVP (S (NP they )NP (VP are (VP buying (ADVP back )ADVP (NP stock )NP (PP at (NP (NP 10 times )NP (NP earnings )NP )NP )PP )VP )VP )S )SBAR , (NP they )NP (VP are (VP suggesting (SBAR that (S (NP (NP the rate )NP (PP of (NP return )NP )PP (PP on (NP competing internal projects )NP )PP )NP (VP is (PP below '' (NP (NP returns )NP (PP on (NP the stock )NP )PP )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP IBM )NP (VP says (SBAR (S (NP it )NP (VP considers (S (NP its shares )NP (NP a good investment )NP )S )VP )S )SBAR )VP . )S  STOP
(S But (NP not all (NX (NX strategists )NX or (NX money managers )NX )NX )NP (VP are (ADJP ready (S (VP to (VP throw (PRT in )PRT (NP the *UNK )NP (ADVP completely )ADVP (PP on (NP *UNK )NP )PP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP Growth stocks )NP (VP may (VP *UNK (NP cyclical stocks )NP (PP next (NP year )NP )PP (SBAR if (S (NP the Federal Reserve )NP (VP begins (S (VP to (VP let (S (NP interest rates )NP (VP *UNK (ADVP *UNKLY lower )ADVP )VP )S (S (VP to (VP boost (NP the economy )NP )VP )VP )S )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP (NP Goldman Sachs 's )NP Mr. *UNKC )NP , (PP for (NP one )NP )PP , )NP (VP *UNK (PP to (NP that scenario )NP )PP )VP . )S  STOP
(S (NP He )NP (VP suggests (SBAR (S (NP investors )NP (VP think (PP about (S (VP buying (NP (NP (NP cyclical shares )NP (PP in (NP the weeks ahead )NP )PP )NP , (CONJP as well as )CONJP (NP growth issues )NP )NP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(NP (NP Friday 's )NP Market Activity )NP  STOP
(S (NP Stock prices )NP (VP finished (ADJP about unchanged )ADJP (NP Friday )NP (PP in (NP quiet expiration trading )NP )PP )VP . )S  STOP
(S (NP Traders )NP (VP anticipated (NP a volatile session )NP (PP due to (NP (NP the October expiration )NP (PP of (NP (NP stock-index futures and options )NP , and (NP (NP options )NP (PP on (NP individual stocks )NP )PP )NP )NP )PP )NP )PP )VP . )S  STOP
(S But (NP there )NP (VP were (NP (NP fewer price swings )NP (SBAR than (S (VP expected )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP *UNKC order imbalances )NP (PP on (NP several big stocks )NP )PP )NP (VP were (VP posted (PP by (NP the New York Stock Exchange )NP )PP )VP )VP . )S  STOP
(S (S But (NP (NP block trading desks )NP and (NP money managers )NP )NP (VP made (NP a *UNKED effort (S (VP to (VP meet (NP the imbalances )NP (PP with (NP (NP stock )NP (SBAR (S (VP to (VP sell )VP )VP )S )SBAR )NP )PP )VP )VP )S )NP )VP )S , (NP one trader )NP (VP said )VP . )S  STOP
(S (PP As (NP a result )NP )PP , (NP the Dow Jones Industrial Average )NP (VP (VP *UNKED (PP in (NP narrow ranges )NP )PP (PP in (NP (NP the final hour )NP (PP of (NP trading )NP )PP )NP )PP )VP , and (VP closed (NP (NP 5.94 )NP (ADJP higher )ADJP )NP (PP to (NP *UNKN )NP )PP )VP )VP . )S  STOP
(S (NP New York Stock Exchange volume )NP (VP was (NP *UNKN )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP on (NP the Big Board )NP )PP )NP (VP lagged (NP decliners )NP (NP (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )NP )VP . )S  STOP
(S (PP For (NP the week )NP )PP , (NP the industrial average )NP (VP gained (NP (NP (NP *UNKN points )NP , or (NP 4.7 % )NP )NP , (NP (NP the biggest weekly point advance ever )NP and (NP (NP a (ADJP (QP better than 50 )QP % )ADJP rebound )NP (PP from (NP (NP the *UNKN point loss )NP (SBAR (S (NP the industrial average )NP (VP *UNKED (NP Oct. 13 )NP )VP )S )SBAR )NP )PP )NP )NP )NP )VP . )S  STOP
(S (NP *UNKC market averages )NP (VP were (ADJP little changed )ADJP (PP in (NP the latest session )NP )PP )VP . )S  STOP
(S (S (NP (NP Standard & Poor 's )NP *UNK- Index )NP (VP gained (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )VP )S , (S (NP the Dow Jones Equity Market Index )NP (VP fell (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )VP )S , and (S (NP the New York Stock Exchange Composite Index )NP (VP fell (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )VP )S . )S  STOP
(S (NP (NP Most )NP (PP of (NP (NP (NP last week 's )NP surge )NP (PP in (NP the industrial average )NP )PP )NP )PP )NP (VP came (PP on (NP (NP Monday )NP , (SBAR (WHADVP when )WHADVP (S (NP the average )NP (VP rose (NP *UNKN points )NP (SBAR as (S (NP market players )NP (VP (VP snapped (PRT up )PRT (NP blue-chip issues )NP )VP and (VP *UNKED (NP the broad market )NP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP That contrast )NP (VP was (VP reflected (PP in (NP (NP the smaller weekly percentage gains )NP (VP recorded (PP by (NP the broader averages )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (S (NP The S&P 500 )NP (VP rose (NP 4 % )NP )VP )S , (S (NP the Dow Jones Equity Market index )NP (VP gained (NP 3.7 % )NP )VP )S and (S (NP the New York Stock Exchange composite index )NP (VP added (NP 3.5 % )NP )VP )S . )S  STOP
(S (NP The Dow Jones Transportation Average )NP (VP fell (NP *UNKN )NP (PP to (NP *UNKN )NP )PP (PP amid (NP (NP renewed weakness )NP (PP in (NP the airline sector )NP )PP )NP )PP )VP . )S  STOP
(S (NP UAL )NP (VP *UNKED (NP 21 5\/8 )NP (PP to (NP *UNKN 1\/2 )NP )PP (PP on (NP (QP 2.2 million )QP shares )NP )PP )VP . )S  STOP
(S (PP On (NP the week )NP )PP , (NP UAL )NP (VP was (ADVP down (NP (QP nearly 40 )QP % )NP )ADVP )VP . )S  STOP
(S (NP The latest drop )NP (VP followed (NP (NP a decision )NP (PP by (NP (NP British Airways )NP , (SBAR (WHNP which )WHNP (S (VP had (VP supported (NP (NP the (ADJP $ 300-a-share )ADJP buy-out offer )NP (PP for (NP UAL )NP )PP (PP from (NP a labor-management group )NP )PP )NP )VP )VP )S )SBAR , )NP )PP (S not (VP to (VP participate (PP in (NP any revised bid )NP )PP )VP )VP )S )NP )VP . )S  STOP
(S (NP British Airways )NP (VP fell (NP 1 )NP (PP to (NP (QP 31 7\/8 )QP )NP )PP )VP . )S  STOP
(S (SBAR While (S (NP most other airline issues )NP (VP took (NP their *UNK )NP (PP from (NP UAL )NP )PP )VP )S )SBAR , (NP USAir Group )NP (VP rose (NP (QP 1 3\/4 )QP )NP (PP to (NP (QP 43 1\/4 )QP )NP )PP (PP on (NP (QP 1.5 million )QP shares )NP )PP (PP amid (NP (NP speculation )NP (PP about (NP (NP a possible takeover proposal )NP (PP from (NP investor Marvin Davis )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP USA Today )NP (VP reported (SBAR that (S (NP (NP Mr. Davis )NP , (SBAR (WHNP who )WHNP (S (VP had (VP *UNKED (NP UAL )NP (PP before (S (VP dropping (NP his bid )NP (NP Wednesday )NP )VP )S )PP )VP )VP )S )SBAR , )NP (VP has (VP acquired (NP (NP a stake )NP (PP of (NP (QP about 3 )QP % )NP )PP (PP in (NP USAir )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Unocal )NP (VP fell (NP 1 1\/2 )NP (PP to (NP (QP 52 1\/4 )QP )NP )PP )VP )S and (S (NP Burlington Resources )NP (VP declined (NP 7\/8 )NP (PP to (NP (QP 45 5\/8 )QP )NP )PP )VP )S . )S  STOP
(S (PP At (NP (NP a meeting )NP (PP with (NP analysts )NP )PP )NP )PP , (NP British Petroleum officials )NP (VP *UNKED (NP speculation (SBAR that (S (NP the company )NP (VP may (VP take (PRT over )PRT (NP a U.S. oil company )NP )VP )VP )S )SBAR )NP , (PP according (PP to (NP Dow Jones Professional Investor Report )NP )PP )PP )VP . )S  STOP
(S (NP Both Unocal and Burlington )NP (VP had (VP been (VP seen (PP as (NP (NP potential targets )NP (PP for (NP a British Petroleum bid )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP Paper and forest-products stocks )NP (VP declined (SBAR after (S (NP Smith Barney , Harris Upham & Co. )NP (VP lowered (NP (NP investment ratings )NP (PP on (NP (NP a number )NP (PP of (NP issues )NP )PP (PP in (NP the two sectors )NP )PP )NP )PP )NP , (PP based (PP on (NP a forecast (SBAR that (S (NP pulp prices )NP (VP will (VP fall (ADVP sharply )ADVP )VP )VP )S )SBAR )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP International Paper )NP (VP dropped (NP 5\/8 )NP (PP to (NP 51 )NP )PP )VP )S , (S (NP Georgia-Pacific )NP (VP fell (NP (QP 1 3\/4 )QP )NP (PP to (NP (QP 56 1\/4 )QP )NP )PP )VP )S , (S (NP Stone Container )NP (VP tumbled (NP (QP 1 1\/2 )QP )NP (PP to (NP (QP 26 5\/8 )QP )NP )PP )VP )S , (S (NP Great Northern Nekoosa )NP (VP went (ADVP down (NP 5\/8 )NP (PP to (NP (QP 38 3\/8 )QP )NP )PP )ADVP )VP )S and (S (NP Weyerhaeuser )NP (VP lost (NP 7\/8 )NP (PP to (NP (QP 28 1\/8 )QP )NP )PP )VP )S . )S  STOP
(S (NP Dun & Bradstreet )NP (VP dropped (NP 3\/4 )NP (PP to (NP (QP 51 1\/8 )QP )NP )PP (PP on (NP (QP 1.9 million )QP shares )NP )PP (PP on (NP (NP uncertainty )NP (PP about (NP (NP the company 's )NP earnings prospects )NP )PP )NP )PP )VP . )S  STOP
(S (NP Merrill Lynch )NP (VP cut (NP its rating and 1990 earnings estimate )NP (NP Thursday )NP , (S (VP citing (NP (NP weakness )NP (PP in (NP its *UNKING business )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC & *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP (VP posted (NP (ADVP sharply lower )ADVP third-quarter earnings )NP )VP and (VP forecast (SBAR that (S (NP (NP results )NP (PP for (NP the fourth quarter )NP )PP )NP (VP might (VP be `` (PP near (ADJP *UNK- )ADJP , '' )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP (VP fell (NP 1\/2 )NP (PP to (NP (QP 9 1\/4 )QP )NP )PP )VP . )S  STOP
(S (NP Winnebago Industries )NP (VP slid (NP 5\/8 )NP (PP to (NP (QP 5 1\/4 )QP )NP )PP )VP . )S  STOP
(S (NP (NP The company )NP , (SBAR (WHNP which )WHNP (S (VP reported (SBAR that (S (NP (NP its loss )NP (PP for (NP (NP the fiscal quarter )NP (VP ended (NP Aug. 26 )NP )VP )NP )PP )NP (VP widened (PP from (ADVP (NP a year )NP earlier )ADVP )PP )VP )S )SBAR )VP )S )SBAR , )NP (VP cut (NP its *UNK dividend )NP (PP in (NP half )NP )PP (PP in (NP (NP response )NP (PP to (NP the earnings weakness )NP )PP )NP )PP )VP . )S  STOP
(S (NP *UNKC Corporate Investors )NP (VP fell (NP 3 )NP (PP to (NP 29 )NP )PP (PP after (S (VP declaring (NP (NP a quarterly dividend )NP (PP of (NP (NP 70 cents )NP (NP a share )NP )NP )PP , (ADVP down (PP from (NP (NP 95 cents )NP (NP a share )NP )NP )PP )ADVP )NP )VP )S )PP )VP . )S  STOP
(S (NP *UNKC Resources Inc. )NP (VP said (SBAR (S (NP it )NP (VP will (VP begin (NP (NP an offering )NP (PP of (NP rights )NP )PP (UCP (ADJP equivalent (PP to (NP (QP 2.6 million )QP common shares )NP )PP )ADJP and (VP valued (PP at (NP $ *UNKN )NP )PP )VP )UCP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNKC Hills , *UNKED real-estate holding company )NP (VP said (SBAR (S (NP it )NP (VP will (VP offer (NP the rights )NP (PP at (NP (NP $ 8.75 )NP (NP a share )NP )NP )PP (PP to (NP (NP shareholders )NP (PP of (NP (NP record )NP (PP on (NP Oct. 26 )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The offering )NP (VP is (VP scheduled (S (VP to (VP expire (PP on (NP Nov. 30 )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP it )NP (VP will (VP use (NP (NP the proceeds )NP (PP of (NP the offering )NP )PP )NP (PP for (NP (NP debt reduction )NP and (NP (NP general corporate purposes )NP , (PP including (NP acquisitions )NP )PP )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP may (VP buy (NP (NP one share )NP )NP (PP at (NP the *UNK price )NP )PP (PP for (NP (NP every four shares )NP (PP of (NP stock )NP )PP (SBAR (S (NP they )NP (VP own )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (SBAR (WHNP who )WHNP (S (VP exercise (NP all their rights )NP )VP )S )SBAR )NP (VP may (VP buy (NP additional shares )NP )VP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP it )NP (VP has (NP an option (S (VP to (VP increase (NP the offering )NP (PP by (NP (QP up to *UNKN )QP shares )NP )PP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The following U.S. Treasury , corporate and municipal offerings )NP (VP are (ADVP tentatively )ADVP (VP scheduled (PP for (NP sale )NP )PP (NP this week )NP , (PP according (PP to (NP Dow Jones Capital Markets Report )NP )PP )PP : (NP (ADJP (QP $ 15.6 billion )QP )ADJP three-month and six-month bills )NP )VP )VP . )S  STOP
(NP (NP (QP $ 10 billion )QP )NP (PP of (NP two-year notes )NP )PP . )NP  STOP
(NP (NP Resolution Funding Corp. )NP (SBAR (S (VP to (VP sell (NP (ADJP (QP $ 4.5 billion )QP )ADJP 30-year bonds )NP )VP )VP )S )SBAR . )NP  STOP
(NP (NP *UNKC Prime *UNKC *UNKC Fund Inc. )NP -- (NP (QP 10 million common )QP shares )NP , (PP via (NP PaineWebber Inc )NP )PP . )NP  STOP
(NP (NP Allied Capital Corp. II )NP -- (NP *UNKN common shares )NP , (PP via (NP Shearson Lehman Hutton Inc )NP )PP . )NP  STOP
(NP (NP American *UNKC Co. )NP -- (NP *UNKN common shares )NP , (PP via (NP Merrill Lynch Capital Markets )NP )PP . )NP  STOP
(NP (NP Associated Natural Gas Corp. )NP -- (NP *UNKN common shares )NP , (PP via (NP *UNKC *UNKC & Co )NP )PP . )NP  STOP
(NP (NP B & *UNK *UNKC *UNKC Ltd. )NP -- (NP (QP Four million )QP common shares )NP , (PP via (NP Salomon Brothers Inc )NP )PP . )NP  STOP
(NP (NP *UNKC Technology Co. )NP -- (NP *UNKN Class A shares )NP , (PP via (NP Smith Barney , Harris Upham & Co )NP )PP . )NP  STOP
(NP (NP *UNKC Entertainment Corp. )NP -- (NP (ADJP (QP $ 250 million )QP )ADJP (PRN -LRB- face amount -RRB- )PRN *UNKC *UNKC *UNKC Notes )NP , (PP via (NP Merrill Lynch )NP )PP . )NP  STOP
(NP (NP *UNKC Pharmaceuticals Inc. )NP -- (NP *UNKN units )NP , (PP via (NP PaineWebber )NP )PP . )NP  STOP
(NP (NP *UNKC *UNKC Corp. )NP -- (NP (QP Three million )QP common shares )NP , (PP via (NP Merrill Lynch )NP )PP . )NP  STOP
(NP (NP *UNKC Pharmaceuticals Inc. )NP -- (NP *UNKN common shares )NP , (PP via (NP Smith Barney , Harris Upham )NP )PP . )NP  STOP
(NP (NP *UNKC *UNKC Co. )NP -- (NP (QP 15 million )QP common shares )NP , (PP via (NP Salomon Brothers Inc )NP )PP . )NP  STOP
(NP (NP *UNKC Inc. )NP -- (NP *UNKN common shares )NP , (PP via (NP Salomon Brothers Inc )NP )PP . )NP  STOP
(NP (NP Massachusetts )NP -- (NP (NP (QP *UNKLY $ 230 million )QP )NP (PP of (NP (NP general bonds )NP , (NP (NP (NP consolidated loan )NP (PP of (NP 1989 )NP )PP )NP , (NP Series D )NP )NP )NP )PP )NP , (PP via (NP competitive bid )NP )PP . )NP  STOP
(NP (NP (NP Montgomery County )NP , (NP Maryland )NP )NP -- (NP (NP (QP $ 75 million )QP )NP (PP of (NP (NP (NP general consolidated public improvement bonds )NP (PP of (NP 1989 )NP )PP )NP , (NP Series B )NP )NP )PP )NP , (PP via (NP competitive bid )NP )PP . )NP  STOP
(NP (NP (NP Trinity River Authority )NP , (NP Texas )NP )NP -- (NP (NP $ *UNKN )NP (PP of (NP (NP regional *UNK system improvement revenue bonds )NP , (NP Series 1989 )NP , )NP )PP )NP (PP via (NP competitive bid )NP )PP . )NP  STOP
(NP (NP (NP City and County )NP (PP of (NP (NP *UNKC )NP , (NP Hawaii )NP )NP )PP )NP -- (NP (NP (QP $ 75 million )QP )NP (PP of (NP (NP (NP obligation bonds )NP , (NP 1989 Series B )NP )NP , (ADJP due (NP *UNKN )NP )ADJP )NP )PP )NP , (PP via (NP competitive bid )NP )PP . )NP  STOP
(NP (NP Beverly Hills )NP -- (NP (NP (QP $ 110 million )QP )NP (PP of (NP (NP (NP *UNK center project certificates )NP (PP of (NP participation )NP )PP )NP , (NP Series 1989 )NP , )NP )PP )NP (PP via (NP a Goldman , Sachs & Co. group )NP )PP . )NP  STOP
(NP (NP (NP *UNKC County School District )NP , (NP Florida )NP )NP -- (NP (NP (QP $ 185 million )QP )NP (PP of (NP school district general bonds )NP )PP )NP , (PP via (NP a First Boston Corp. group )NP )PP . )NP  STOP
(NP (NP Connecticut Housing Finance Authority )NP -- (NP (NP $ *UNKN )NP (PP of (NP (NP housing mortgage revenue -LRB- *UNKC and *UNK- -RRB- bonds )NP )NP )PP )NP , (PP via (NP a PaineWebber group )NP )PP . )NP  STOP
(NP (NP Maryland Stadium Authority )NP -- (NP (NP $ *UNKN )NP (PP of (NP (NP sports facilities lease revenue *UNKC *UNKC Tax (PRN -LRB- *UNKC -RRB- )PRN bonds )NP , (NP Series 1989 D )NP )NP )PP )NP , (PP via (NP a Morgan Stanley & Co. group )NP )PP . )NP  STOP
(NP (NP Michigan )NP -- (NP (NP (QP $ 80 million )QP )NP (PP of (NP Michigan First general bonds )NP )PP , (PP including (NP (NP (NP (QP $ 70 million )QP )NP (PP of (NP environmental protection project bonds )NP )PP )NP and (NP (NP (QP $ 10 million )QP )NP (PP of (NP *UNK project bonds )NP )PP )NP )NP )PP )NP , (PP via (NP a Shearson Lehman Hutton group )NP )PP . )NP  STOP
(NP (NP West Virginia *UNKC Economic Development and *UNKC Authority )NP -- (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP (NP *UNK revenue bonds )NP , (NP Series 1989 )NP )NP )PP )NP , (PP via (NP a PaineWebber group )NP )PP . )NP  STOP
(NP (NP (NP San Antonio )NP , (NP Texas )NP )NP -- (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP gas and electric revenue refunding bonds )NP )PP )NP , (PP via (NP a First Boston group )NP )PP . )NP  STOP
(S (NP MCI *UNKC Corp. )NP (VP said (SBAR (S (NP it )NP (VP filed (NP a shelf registration )NP (PP with (NP the Securities and Exchange Commission )NP )PP (PP for (NP (NP issuance )NP (PP of (NP (NP (QP as much as $ 750 million )QP )NP (PP of (NP debt securities )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The debt )NP (VP will (VP include (NP (NP *UNK- notes )NP (VP sold (PP through (NP (NP Merrill Lynch Capital Markets )NP ; (NP Drexel Burnham Lambert Inc. )NP ; (NP Goldman , Sachs & Co. )NP and (NP Salomon Brothers Inc )NP )NP )PP )VP )NP )VP )VP . )S  STOP
(S (NP The funds )NP (VP will (VP be (VP used (PP (PP for (S (VP refinancing (NP (NP existing debt )NP (PP of (NP the (NAC Washington , D.C. , )NAC concern )NP )PP )NP (PP at (NP lower interest rates )NP )PP )VP )S )PP and (PP for (NP other general purposes )NP )PP )PP )VP )VP )VP . )S  STOP
(S (NP (NP The effective date )NP (PP of (NP the registration )NP )PP )NP (VP is (S (VP to (VP be (VP determined (PP by (NP the SEC )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP (NP A group )NP (PP including (NP (NP (NP *UNKC Partners Ltd. )NP , (NP a (NAC Fort Worth , Texas , )NAC investment partnership )NP , )NP and (NP (NP Richard E. *UNKC )NP , (NP (NP a former adviser )NP (PP to (NP the Fort Worth Bass family )NP )PP )NP )NP , )NP )PP )NP (VP said (SBAR (S (NP it )NP (VP reduced (NP (NP its stake )NP (PP in (NP *UNKC Inc. )NP )PP )NP (PP to (NP (NP 3.6 % )NP (PP of (NP (NP the common shares )NP (ADJP outstanding )ADJP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP a filing )NP (PP with (NP the Securities and Exchange Commission )NP )PP )NP )PP , (NP the group )NP (VP said (SBAR (S (NP it )NP (VP sold (NP *UNKN *UNKC common shares )NP (PP (PP from (NP Aug. 31 )NP )PP (PP to (NP last Wednesday )NP )PP )PP (PP for (NP (NP $ *UNKN )NP (PP to (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP )NP )PP , (S (VP resulting (PP in (NP (NP a drop )NP (PP in (NP its holdings )NP )PP (PP to (NP *UNKN shares )NP )PP )NP )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP No reason )NP (VP was (VP given (PP in (NP the filing )NP )PP (PP for (NP the sales )NP )PP )VP )VP . )S  STOP
(S (NP An *UNKC official )NP (VP said (SBAR (S (NP the Indianapolis *UNK- concern )NP (VP had (NP (NP no comment )NP (PP on (NP (NP the group 's )NP share sales )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP March )NP )PP , (NP the group )NP (VP disclosed (SBAR (S (NP it )NP (VP held (NP (NP a 7.2 % stake )NP (PP in (NP *UNKC )NP )PP )NP (PP for (NP investment purposes )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP said (ADVP then )ADVP (SBAR (S (NP it )NP (VP (VP had (VP had )VP )VP and (VP would (VP continue (S (VP to (VP have )VP )VP )S )VP )VP (NP (NP discussions )NP (PP with (NP (NP *UNKC 's )NP management )NP )PP (PP concerning (NP its investment )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Home *UNKC Corp. )NP , (NP (NP Richmond )NP , (NP Va. )NP )NP , )NP (VP said (SBAR (S (NP it )NP (VP contracted (S (VP to (VP sell (NP (NP its (ADJP 50 % )ADJP interest )NP (PP in (NP a *UNKC shopping mall )NP )PP )NP (PP to (NP (NP a buyer )NP (SBAR (WHNP that )WHNP (S (VP was n't (VP identified )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNK- holding company )NP (VP said (SBAR (S (NP the sale )NP (VP would (VP result (PP in (NP (NP an after-tax gain )NP (PP of (NP (NP (QP about $ 32 million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )NP )PP , (PP in (NP (NP the first quarter )NP (PP of )PP )NP )PP )VP )VP )S )SBAR )VP )S  STOP
(S (NP The company )NP (ADVP also )ADVP (VP said (SBAR (S (NP it )NP (VP will (VP adopt (NP new accounting standards )NP (PP in (NP the first quarter )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The change )NP (VP will (VP result (PP in (NP (NP a charge )NP (PP of (NP (NP (QP about $ 8.5 million )QP )NP , or (NP (NP *UNK cents )NP (NP a share )NP )NP , )NP )PP )NP )PP (PP because of (NP (NP an increase )NP (PP in (NP *UNKED income-tax liability )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP (NP the first quarter )NP (PP of (NP 1988 )NP )PP )NP )PP , (NP the company )NP (VP earned (NP (NP (QP $ 10 million )QP )NP , or (NP (NP 94 cents )NP (NP a share )NP )NP )NP )VP . )S  STOP
(SINV (VP Following )VP (VP is )VP (NP (NP (NP a weekly listing )NP (PP of (NP (NP *UNKED net asset values )NP (PP of (NP publicly traded investment fund shares )NP )PP )NP )PP )NP , (VP reported (PP by (NP the companies )NP )PP (PP as (PP of (NP (NP Friday 's )NP close )NP )PP )PP )VP )NP . )SINV  STOP
(SINV (VP (ADVP Also )ADVP shown )VP (VP is )VP (NP (NP (NP (NP the closing listed market price )NP )NP or (NP (NP a *UNK- asked price )NP )NP )NP (PP of (NP (NP each fund 's )NP shares )NP )PP , (PP with (NP (NP the percentage )NP (PP of (NP difference )NP )PP )NP )PP )NP . )SINV  STOP
(NP *UNKED End Bond Funds )NP  STOP
(NP *UNKC Portfolio Funds )NP  STOP
(NP (NP Specialized Equity )NP and (NP *UNKC Funds )NP )NP  STOP
(NP (X a )X - (NP *UNKC )NP . )NP  STOP
(PP (X b )X - (PP As (PP of (NP (NP Thursday 's )NP close )NP )PP )PP . )PP  STOP
(S (VP (X c )X - (VP *UNKED (PP at (NP Commercial *UNKC exchange rate )NP )PP )VP )VP . )S  STOP
(PP (X *UNK )X - (PP In (NP Canadian dollars )NP )PP . )PP  STOP
(PP (X *UNK )X - (PP As (PP of (NP (NP Wednesday 's )NP close )NP )PP )PP . )PP  STOP
(S (NP A shareholder )NP (VP filed (NP suit )NP , (S (VP seeking (S (VP to (VP block (NP (NP *UNKC Video Inc. 's )NP proposed plan (S (VP to (VP be (VP acquired (PP by (NP (NP a new affiliate )NP (PP of (NP closely held *UNKC Capital Corp. )NP )PP )NP )PP (PP for (NP (NP (NP $ 15 )NP (NP a share )NP )NP , or (NP (QP $ *UNKN million )QP )NP )NP )PP )VP )VP )VP )S )NP )VP )VP )S )VP )S )VP . )S  STOP
(S (NP (NP The suit )NP , (SBAR (WHNP which )WHNP (S (VP seeks (NP class-action status )NP )VP )S )SBAR , )NP (VP was (VP filed (PP in (NP Delaware Chancery Court )NP )PP )VP )VP . )S  STOP
(S (NP The complaint )NP (VP alleges (SBAR (SBAR that (S (NP the price )NP (VP is `` (ADJP (ADJP unfair )ADJP and (ADJP *UNKLY inadequate )ADJP )ADJP '' )VP )S )SBAR and (SBAR that (S (NP the defendants )NP (VP are (VP seeking (S (VP to (VP ensure (NP (NP a `` *UNK '' )NP (PP of (NP (NP the purchase )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP )VP )VP )S , (S (VP (ADVP thereby )ADVP discouraging (NP other bids )NP )VP )S )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP It )NP (VP seeks (NP unspecified money damages )NP )VP . )S  STOP
(S (NP The New York company )NP (VP called (S (NP the lawsuit )NP (PP without (NP merit )NP )PP )S )VP . )S  STOP
(S (NP Shareholders )NP (VP are (VP scheduled (S (VP to (VP vote (PP on (NP the transaction )NP )PP (NP *UNKC )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP This Toronto closed-end fund )NP (VP cut (NP (NP the annual dividend )NP (PP on (NP its Class A common shares )NP )PP )NP (PP to (NP one Canadian cent )NP )PP (PP from (NP 10 Canadian cents )NP )PP )VP . )S  STOP
(S (NP The fund )NP (VP *UNK (ADVP mainly )ADVP (PP in (NP gold and silver *UNK )NP )PP )VP . )S  STOP
(S (NP It )NP (VP said (SBAR (S (NP the reduced dividend )NP (VP reflects (NP (NP the low price )NP (PP for (NP precious metals )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP (NP Central Fund 's )NP vice president )NP , (NP finance )NP , )NP )NP (VP said (SBAR (S (NP (NP losses )NP (PP for (NP (NP the fiscal year )NP (VP ending (NP Oct. 31 )NP )VP )NP )PP )NP (VP could (VP be (ADJP (ADJP as high )ADJP (PP as (NP (NP (QP one million )QP Canadian dollars )NP (PRN -LRB- (NP US$ *UNKN )NP -RRB- )PRN )NP )PP )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The fund )NP (ADVP last )ADVP (VP had (NP a profit )NP (PP in (NP 1985 )NP )PP )VP . )S  STOP
(S (NP The new dividend rate )NP (VP is (ADJP payable (NP Nov. 15 )NP (PP to (NP (NP holders )NP (PP of (NP (NP record )NP (NP Oct. 31 )NP )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (PP In (NP American Stock Exchange composite trading )NP )PP (NP Friday )NP , (NP Central Fund )NP (VP was (ADJP unchanged )ADJP (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP )VP . )S  STOP
(S (NP *UNKC Holdings Inc. )NP (VP said (PP in (NP Cincinnati )NP )PP (SBAR that (S (NP it )NP (VP bought (NP (NP *UNKC Aviation Academy )NP , (NP (NP a pilot training school )NP (VP based (PP at (NP (NP Sanford *UNKC Airport )NP (PP near (NP (NP *UNKC )NP , (NP *UNKC )NP )NP )PP )NP )PP )VP )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP (VP said (SBAR (S (NP it )NP (VP paid (NP cash )NP )VP )S )SBAR )VP but (VP declined (S (VP to (VP disclose (NP the price )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP *UNKC Holdings )NP (VP is (NP (NP the parent )NP (PP of (NP (NP *UNKC Inc. )NP , (NP a regional air carrier )NP )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP *UNKC Aviation )NP , (SBAR (WHNP which )WHNP (S (VP has (NP (NP annual revenue )NP (PP of (NP (QP $ 5 million to $ 6 million )QP )NP )PP )NP )VP )S )SBAR , )NP (VP has (NP great growth potential )NP (PP because of (NP (NP the large number )NP (PP of (NP U.S. pilots )NP )PP (VP *UNKING (NP retirement age )NP )VP )NP )PP )VP )S , (NP *UNKC )NP (VP said )VP . )S  STOP
(S (S (NP The unit )NP (VP (VP will (VP be (VP *UNKED (S (NP *UNKC Aviation Academy )NP )S )VP )VP )VP and (VP will (VP continue (S (VP to (VP be (VP headed (PP by (NP (NP Scott Williams )NP , (NP (NP a son )NP (PP of (NP its founder )NP )PP )NP )NP )PP )VP )VP )VP )S )VP )VP )VP )S , (NP Comair )NP (VP said )VP . )S  STOP
(S (NP (NP The collapse )NP (PP of (NP (NP a (ADJP (QP $ 6.79 billion )QP )ADJP buy-out )NP (PP of (NP United Airlines parent UAL Corp. )NP )PP )NP )PP )NP (VP has (VP handed (NP (NP Wall Street 's )NP takeover stock speculators )NP (NP (NP their worst loss )NP (ADVP ever )ADVP (PP on (NP a single deal )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Their (QP $ 700 *UNK- )QP )NP (PP in (NP estimated paper losses )NP )PP )NP (ADVP easily )ADVP (VP *UNK (NP (NP the (QP $ 400 million )QP )NP (PP in (NP (NP paper losses )NP (SBAR (S (NP (NP the takeover traders )NP , (VP known (PP as (NP arbitragers )NP )PP )VP , )NP (VP suffered (PP in (NP (NP 1982 )NP (SBAR (WHADVP when )WHADVP (S (NP Gulf Oil Co. )NP (VP dropped (NP (NP a (ADJP (QP $ 4.8 billion )QP )ADJP offer )NP (PP for (NP *UNKC Service Co )NP )PP )NP )VP )S )SBAR )NP )PP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (PP In (NP (NP the six trading days )NP (SBAR since (S (NP the UAL labor-management buy-out group )NP (VP failed (S (VP to (VP get (NP bank financing )NP )VP )VP )S )VP )S )SBAR )NP )PP , (S (VP *UNKING (NP Friday )NP (PP with (NP (NP the withdrawal )NP (PP of (NP its partner British Airways PLC )NP )PP )NP )PP )VP )S , (NP UAL stock )NP (VP has (VP plummeted (PP by (NP 41 % )NP )PP (PP to (NP (QP *UNKN 1\/2 )QP )NP )PP (PP from (NP (QP *UNKN 1\/4 )QP )NP )PP )VP )VP . )S  STOP
(S (NP The *UNK )NP (VP may (VP *UNK (NP (NP some )NP (PP of (NP their paper losses )NP )PP )NP (SBAR if (S (NP the UAL deal )NP (VP gets (VP *UNKED (PRT up )PRT (ADVP again )ADVP )VP )VP )S )SBAR , (SBAR as (S (NP they )NP (VP did )VP (PP in (NP (NP 1982 )NP (SBAR (WHADVP when )WHADVP (S (NP Occidental Petroleum Co. )NP (VP *UNKED (NP them )NP (PP with (NP (NP a (ADJP $ 4 billion )ADJP takeover )NP (PP of (NP *UNKC Service )NP )PP )NP )PP )VP )S )SBAR )NP )PP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP the meantime )NP )PP , (NP (NP the question )NP (VP faced (PP by (NP investors )NP )PP )VP )NP (VP is : (SBARQ (WHNP What )WHNP (SQ is (NP UAL stock )NP (ADJP worth )ADJP )SQ )SBARQ )VP ? )S  STOP
(S (NP The short answer )NP , (PP on (NP a fundamental basis )NP )PP , (VP is (SBAR that (S (NP airline analysts )NP (VP say (SBAR (S (NP the stock )NP (VP is (ADJP worth (PP (NP (QP somewhere between $ 135 and $ 150 )QP )NP (NP a share )NP )PP )ADJP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP 's (VP based (PP on (NP (NP a multiple )NP (PP of (NP (NP (QP anywhere between 8.5 to 10 times )QP UAL earnings )NP , (SBAR (WHNP which )WHNP (S (VP are (VP estimated (S (VP to (VP come (PRT in )PRT (NP (NP somewhere around $ 16 )NP (NP a share )NP )NP (NP this year )NP )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC stocks )NP (ADVP typically )ADVP (VP sell (PP at (NP (NP a discount )NP (PP of (NP (NP about one-third )NP (PP to (NP (NP (NP the stock market 's )NP *UNK- ratio )NP -- (SBAR (WHNP which )WHNP (S (VP is (ADVP currently )ADVP (NP (QP about 13 times )QP earnings )NP )VP )S )SBAR )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP That )NP (VP 's (SBAR because (S (NP airline earnings )NP , (PP like (NP (NP those )NP (PP of (NP auto makers )NP )PP )NP , )PP (VP have (VP been (ADJP subject (PP to (NP (NP the cyclical *UNK- )NP (PP of (NP the economy )NP )PP )NP )PP )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP That analysis )NP (VP *UNK (PRT up )PRT (PP with (NP (NP stock traders ' )NP reports (SBAR that (S , (PP despite (NP (NP the huge drop )NP (PP in (NP the stock )NP )PP )NP )PP , (NP UAL )NP (VP has n't (VP returned (PP to (NP (NP the level )NP (SBAR (WHPP at (WHNP which )WHNP )WHPP (S (NP it )NP (VP could (VP attract (NP (NP buying )NP (PP by (NP institutions )NP )PP )NP (PP (ADVP solely )ADVP on (NP (NP the basis )NP (PP of (NP earnings )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S So (NP (NP anyone )NP (VP buying (NP the stock )NP (ADVP now )ADVP )VP )NP (VP (VP is (VP betting (PP on (NP (NP some special transaction )NP (PP such as (NP a recapitalization or takeover )NP )PP )NP )PP )VP )VP , and (VP must (VP do (ADVP so )ADVP (S (VP using (NP (NP some *UNK )NP (PP about (NP (NP the likelihood )NP (PP of (NP such an event )NP )PP )NP )PP )NP )VP )S )VP )VP )VP . )S  STOP
(S (NP (NP One analyst )NP , (SBAR (WHNP who )WHNP (S (VP asked (S not (VP to (VP be (VP identified )VP )VP )VP )S )VP )S )SBAR , )NP (VP said (SBAR (S (NP he )NP (VP believes (SBAR (SBAR that (S (NP the UAL pilots and management )NP (VP can (VP put (ADVP together )ADVP (NP (NP a bid )NP `` (PP in (NP the (ADJP $ 225 )ADJP area )NP )PP , '' )NP )VP )VP )S )SBAR but (SBAR that (S (NP it )NP (VP could (VP take (NP (QP three to four )QP months )NP (S (VP to (VP close )VP )VP )S )VP )VP )S )SBAR )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP (PP At (NP that level )NP )PP , and (PP given (NP the uncertainty )NP )PP )PP , (NP he )NP (VP believes (SBAR (S (NP UAL stock )NP (VP should (VP trade (ADVP closer (PP to )PP )ADVP )VP )VP )S )SBAR )VP )S  STOP
(S (NP Other observers )NP (VP note (SBAR that (S (NP (NP (NP UAL 's )NP board )NP , (VP having (VP accepted (NP (NP a bid )NP (PP of (NP (NP $ 300 )NP (NP a share )NP )NP )PP )NP )VP )VP , )NP (VP might (VP hold (PRT out )PRT (PP for (NP (NP a new bid )NP (ADJP much closer (PP to (NP the original level )NP )PP )ADJP )NP )PP -- (SBAR even if (S (NP it )NP (VP means (SBAR that (S (NP the management )NP (VP (VP goes (ADVP back )ADVP (PP to (S (VP running (NP the company )NP (PP for (NP a while )NP )PP )VP )S )PP )VP and (VP *UNK (S (NP things )NP (VP return (PP to (ADJP normal )ADJP )PP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (PP By (NP that *UNK )NP )PP , (NP (NP the closing )NP (PP of (NP a deal )NP )PP )NP (VP could (VP be (ADVP (ADVP much further away )ADVP (PP than (NP (QP three to four )QP months )NP )PP )ADVP , (SBAR even though (S (NP the eventual price )NP (VP might (VP be (ADJP higher )ADJP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Investment bankers )NP (VP following (NP UAL )NP )VP )NP (VP agree (SBAR that (S (NP (NP the strongest *UNK )NP (PP for (NP an eventual deal )NP )PP )NP (VP is (SBAR that (S (NP the pilots )NP (VP (VP have (VP been (VP attempting (NP a buy-out )NP (PP for (NP (QP more than two )QP years )NP )PP )VP )VP )VP , and (VP are n't (ADJP likely (S (VP to (VP stop )VP )VP )S )ADJP )VP , (S (VP having (VP come (ADJP so close (PP to (NP success )NP )PP )ADJP )VP )VP )S )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP The pilots )NP (VP have (NP a strong financing tool )NP (PP in (NP their willingness (S (VP (VP to (VP cut (NP their annual compensation )NP (PP by (NP (QP $ 200 million )QP )NP )PP )VP )VP , and (VP to (VP *UNK (NP (NP (QP $ 200 million )QP )NP (PP from (NP their retirement funds )NP )PP )NP )VP )VP )VP )S )NP )PP )VP . )S  STOP
(S (PP On (NP Friday )NP )PP , (NP they )NP (ADVP also )ADVP (VP persuaded (NP the UAL flight attendants )NP (S (VP to (VP join (NP them )NP )VP )VP )S )VP . )S  STOP
(S (ADVP However )ADVP , (NP investment bankers )NP (VP say (SBAR that (S (NP banks )NP (VP are n't (ADJP likely (S (VP to (VP lend (NP (NP the (QP almost $ 5 billion )QP )NP (SBAR (WHNP that )WHNP (S (VP would (VP be (ADJP necessary (PP for (NP a takeover )NP )PP )ADJP (PP even at (NP a lower price )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )ADJP )VP (PP without (S (NP someone )NP (VP putting (PRT up )PRT (NP (NP a hefty *UNK )NP (PP of (NP (NP cash )NP -- (ADJP (ADVP probably even greater )ADVP (PP than (NP (NP the 17 % )NP (PP in (NP cash )NP )PP (VP put (PRT up )PRT (PP by (NP investors )NP )PP (PP in (NP (NP the leveraged takeover )NP (PP of (NP Northwest Airlines parent *UNKC Corp. )NP )PP (PP in (NP July )NP )PP )NP )PP )VP )NP )PP )ADJP )NP )PP )NP )VP )S )PP )S )SBAR )VP . )S  STOP
(S (NP Banks )NP (VP want (S (VP to (VP see (S (NP someone )NP (VP putting (PRT up )PRT (NP (NP real cash )NP (PP at (NP risk )NP )PP (PRN , (S (NP that )NP (VP is )VP )S , )PRN (ADJP *UNK (PP to (NP (NP the bank debt )NP (PP in (NP any deal )NP )PP )NP )PP )ADJP )NP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP That way )NP (PRN , (S (NP they )NP (VP figure )VP )S , )PRN (NP someone else )NP (VP has (NP (NP an even stronger *UNK )NP (SBAR (S (VP to (VP make (S (ADJP sure )ADJP (SBAR (S (NP the deal )NP (VP is (VP going (S (VP to (VP work )VP )VP )S )VP )VP )S )SBAR )S )VP )VP )S )SBAR )NP , (SBAR because (S (NP they )NP (VP would (VP be (VP losing (NP their money )NP (SBAR before (S (NP the banks )NP (VP lost (NP theirs )NP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Banks )NP (ADVP also )ADVP (VP want (S (VP to (VP be (ADJP able (S (VP to (VP call (NP (NP someone )NP )NP (PP on (NP the telephone )NP )PP (S (VP to (VP *UNK (NP (NP a problem )NP (PP with (NP (NP a deal )NP (SBAR (WHNP that )WHNP (S (VP goes (ADJP bad )ADJP )VP )S )SBAR )NP )PP )NP )VP )VP )S -- (NP (NP *UNKLY someone )NP (ADJP other (PP than (NP a union leader )NP )PP )ADJP )NP )VP )VP )S )ADJP )VP )VP )S )VP . )S  STOP
(S (NP That )NP (VP leaves (S (NP the pilots )NP (ADVP still )ADVP (PP in (NP (NP need )NP (PP of (NP (NP cash )NP (VP totaling (NP (NP (QP around $ 1 billion )QP )NP -- (ADJP (ADJP far more )ADJP (SBAR than (S (NP either (NP they )NP or (NP the flight attendants )NP )NP (VP can (VP lay (NP their hands )NP (PP on )PP (PP from (NP (NP retirement funds )NP (ADVP alone )ADVP )NP )PP )VP )VP )S )SBAR )ADJP )NP )VP )NP )PP )NP )PP )S )VP . )S  STOP
(S (NP (NP One obstacle )NP (PP to (S (NP the pilots ' )NP (VP finding (NP (NP such a huge amount )NP (PP of (NP cash )NP )PP )NP )VP )S )PP )NP (VP is (NP (NP their *UNK )NP (PP on (NP majority ownership )NP )PP )NP )VP . )S  STOP
(S (NP (NP Investors )NP (PP such as (NP (NP Marvin Davis )NP (PP of (NP Los Angeles )NP )PP )NP )PP (SBAR (WHNP who )WHNP (S (VP have (VP sought (NP airline ownership )NP (NP this year )NP )VP )VP )S )SBAR )NP (VP have (VP insisted (SBAR (S (NP (NP they )NP , not (NP the pilots )NP , )NP (VP must (VP have (NP control )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP One way )NP (PP out (PP of (NP that *UNK )NP )PP )PP )NP (VP could (VP be (NP (NP a partial recapitalization )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP the pilots )NP (VP would (VP wind (PRT up )PRT (S (VP *UNKING (NP (NP the value )NP (PP of (NP their concessions )NP )PP )NP (PP with (NP public shareholders )NP )PP )VP )S )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP The pilots )NP (VP could (VP borrow (PP against (NP (NP the value )NP (PP of (NP their concessions )NP )PP )NP )PP , (S (VP using (NP the proceeds )NP (S (VP to (VP (VP buy (ADVP back )ADVP (NP stock )NP (PP from (NP the public )NP )PP )VP and (VP give (NP themselves )NP (NP (NP the majority control )NP (SBAR (S (NP they )NP (VP have (VP been (VP seeking )VP )VP )VP )S )SBAR )NP )VP )VP )VP )S )VP )S )VP )VP . )S  STOP
(S But (NP (NP it )NP )NP (VP is n't (ADJP clear )ADJP (SBAR that (S (NP banks )NP (VP would (VP lend (NP sufficient money )NP (S (VP to (VP deliver (NP a big enough price )NP (PP to (NP shareholders )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The lack )NP (PP of (NP any new cash )NP )PP )NP (ADVP probably )ADVP (VP would (ADVP still )ADVP (VP leave (S (NP the banks )NP (ADJP *UNKED )ADJP )S )VP )VP . )S  STOP
(S (PP In (S (VP advising (NP the UAL board )NP (PP on (NP (NP the various bids )NP (PP for (NP the airline )NP )PP )NP )PP )VP )S )PP , (S (VP starting (PP with (NP (NP one )NP (PP for (NP (NP $ 240 )NP (NP a share )NP )NP )PP (PP from (NP Mr. Davis )NP )PP )NP )PP )VP )S , (NP (NP the investment bank )NP (PP of (NP First Boston )NP )PP )NP (VP came (PRT up )PRT (PP with (NP (NP a wide range )NP (PP of (NP (NP potential values )NP (PP for (NP the company )NP )PP )NP )PP )NP )PP , (PP depending (PP on (NP *UNK methods and assumptions )NP )PP )PP )VP . )S  STOP
(S (S (VP Using (NP the the *UNKC takeover )NP (PP as (NP a benchmark )NP )PP )VP )S , (NP First Boston )NP (PP on (NP Sept. 14 )NP )PP (VP estimated (SBAR that (S (NP UAL )NP (VP (VP was (ADJP worth (NP (NP (QP $ 250 to $ *UNKN )QP )NP (NP a share )NP )NP )ADJP (PP based (PP on (NP (NP (NP UAL 's )NP results )NP (PP for (NP (NP the 12 months )NP (VP ending (NP last June 30 )NP )VP )NP )PP )NP )PP )PP )VP , but (VP (NP (QP only $ *UNKN to $ *UNKN )QP )NP (PP based (PP on (NP (NP a management estimate )NP (PP of (NP results )NP )PP (PP for (NP 1989 )NP )PP )NP )PP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP First Boston 's )NP estimates )NP (VP had (VP been (ADJP higher )ADJP (SBAR before (S (NP management )NP (VP supplied (NP a 1989 projection )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (VP Using (NP (NP estimates )NP (PP of (NP (NP the company 's )NP future earnings )NP )PP )NP (PP under (NP (NP a variety )NP (PP of (NP scenarios )NP )PP )NP )PP )VP )S , (NP First Boston )NP (VP estimated (NP (NP UAL 's )NP value )NP (PP at (NP (NP (NP (QP $ *UNKN to $ *UNKN )QP )NP (NP a share )NP (SBAR if (S (NP its future labor costs )NP (VP conform (PP to (NP Wall Street projections )NP )PP )VP )S )SBAR )NP ; (NP (NP (QP $ *UNKN to $ *UNKN )QP )NP (SBAR if (S (NP the company )NP (VP reaches (NP (NP a settlement )NP (PP with (NP pilots )NP )PP (ADJP similar (PP to (NP (NP one )NP (PP at (NP *UNKC )NP )PP )NP )PP )ADJP )NP )VP )S )SBAR )NP ; (NP (NP (QP $ 98 to $ *UNKN )QP )NP (PP under (NP an adverse labor settlement )NP )PP )NP , and (NP (NP (QP $ *UNKN to $ 270 )QP )NP (PP under (NP (NP a pilot contract )NP (VP imposed (PP by (NP the company )NP )PP (PP following (NP a strike )NP )PP )VP )NP )PP )NP )NP )PP )VP . )S  STOP
(S And (S (VP using (NP (NP liquidation value )NP (VP assuming (NP (NP the sale )NP (PP of (NP all UAL assets )NP )PP )NP )VP )NP )VP )S , (NP First Boston )NP (VP estimated (SBAR (S (NP the airline )NP (VP is (ADJP worth (NP (NP (QP $ *UNKN to $ *UNKN )QP )NP (NP a share )NP )NP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Unfortunately )ADVP , (NP all those estimates )NP (VP came (SBAR before (S (NP airline industry fundamentals )NP (VP *UNKED (PP during (NP the past month )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP American Airlines parent AMR )NP and (NP USAir Group )NP )NP , (NP (NP both )NP (ADJP subject (PP to (NP takeover efforts )NP )PP )ADJP (ADVP themselves )ADVP )NP , )NP (VP have (S (NP each )NP (VP warned (PP of (NP declining results )NP )PP )VP )S )VP . )S  STOP
(S (NP Some analysts )NP (VP do n't (VP expect (NP (NP a quick revival )NP (PP of (NP (NP any takeover )NP (PP by (NP the pilots )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP The deal )NP (VP has (PRN , (SBAR as (S (NP one takeover expert )NP (VP puts (NP it )NP )VP )S )SBAR , )PRN `` (NP (ADJP so many )ADJP moving parts )NP )VP . )S  STOP
(S (NP I )NP (VP do n't (VP see (S (NP (NP anybody )NP (SBAR (WHNP who )WHNP (S (VP 's (ADJP sophisticated )ADJP )VP )S )SBAR )NP (VP getting (S (NP his name )NP (VP associated (PP with (NP this mess )NP )PP )VP )S (SBAR until (S (NP the moving parts )NP (VP stop (S (VP moving )VP )S )VP )S )SBAR )VP )S )VP )VP . '' )S  STOP
(S (PP In (NP (NP addition )NP (PP to (NP (NP the need )NP (PP for (NP another cash equity investor )NP )PP )NP )PP )NP )PP , (NP the other moving parts )NP (VP include : (NP (NP (NP the pilots )NP (NP themselves )NP , (SBAR (WHNP who )WHNP (S (VP can (VP scuttle (NP rival deals )NP (PP by (S (VP threatening (S (VP to (VP strike )VP )VP )S )VP )S )PP )VP )VP )S )SBAR )NP ; (NP (NP the machinists union )NP , (NP (NP the pilots ' )NP longtime rivals )NP (SBAR (WHNP who )WHNP (S (VP helped (S (VP scuttle (NP (NP the pilots ' )NP deal )NP )VP )S )VP )S )SBAR )NP ; and (NP (NP regulators )NP (PP in (NP Washington )NP )PP , (SBAR (WHNP (NP whose opposition )NP (PP to (NP foreign airline investment )NP )PP )WHNP (S (VP helped (S (VP throw (NP the deal )NP (PP into (NP doubt )NP )PP )VP )S )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (PP In (NP the meantime )NP )PP , (NP the *UNK )NP (VP are (VP *UNKING )VP )VP . )S  STOP
(S (NP Wall Street traders and analysts )NP (VP estimate (SBAR that (S (NP takeover stock traders )NP (VP own (NP (NP UAL stock and options )NP (ADJP equal (PP to (NP (NP as many )NP (PP as (NP (NP (QP 6.5 million )QP shares )NP , or (NP (NP (QP about 30 )QP % )NP (PP of (NP (NP the total )NP (ADJP outstanding )ADJP )NP )PP )NP )NP )PP )NP )PP )ADJP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Frank *UNKC )NP , (NP (NP an analyst )NP (PP with (NP (NP Phoenix Capital Corp. )NP (PP in (NP New York )NP )PP )NP )PP )NP , )NP (VP estimates (SBAR that (S (NP the *UNK )NP (VP paid (NP (NP an average )NP (PP of (NP (NP (QP about $ *UNKN )QP )NP (NP a share )NP )NP )PP )NP (PP for (NP their UAL positions )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP would (VP indicate (SBAR that (S (NP the *UNK )NP (VP have (NP (NP paper losses )NP (PP on (NP (NP UAL )NP (ADVP alone )ADVP )NP )PP (VP *UNKING (NP (QP $ *UNKN million )QP )NP )VP )NP )VP )S )SBAR )VP )VP . )S  STOP
(NP (NP UAL Corp . )NP (PRN -LRB- (NP NYSE )NP ; (NP (NP *UNKC )NP : (NP UAL )NP )NP -RRB- )PRN )NP  STOP
(NP (NP Business )NP : (NP Airline )NP )NP  STOP
(NP (NP Year )NP (VP ended (NP Dec. 31 , 1988 )NP )VP : )NP  STOP
(NP (NP Sales )NP : (NP $ (QP *UNKN billion )QP )NP )NP  STOP
(NP (NP Net income )NP (X \* )X : (NP (NP (QP $ *UNKN million )QP )NP ; or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )NP  STOP
(NP (NP (NP Second quarter )NP , (NP June 30 , 1989 )NP )NP : (NP (NP Per-share earnings )NP : (NP (NP $ *UNKN )NP (PP vs. (NP $ *UNKN )NP )PP )NP )NP )NP  STOP
(NP (NP Average daily trading volume )NP : (NP *UNKN shares )NP )NP  STOP
(NP (NP (NP Common shares )NP (ADJP outstanding )ADJP )NP : (QP *UNKN million )QP )NP  STOP
(S (NP (NP Eastern Enterprises )NP , (VP bolstered (PP by (NP (NP improved *UNK )NP (PP in (NP its *UNKING unit )NP )PP )NP )PP )VP , )NP (VP had (NP (NP a *UNK third-quarter net loss )NP (PP of (NP (NP (QP $ 1.1 million )QP )NP , or (NP (NP five cents )NP (NP a share )NP )NP )NP )PP )NP )VP . )S  STOP
(S (NP Last year )NP , (NP Eastern )NP (VP had (NP (NP a quarter loss )NP (PP of (NP (NP (QP $ 1.7 million )QP )NP , or (NP (NP eight cents )NP (NP a share )NP )NP )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC revenue )NP (VP rose (NP 44 % )NP (PP to (NP $ *UNKN million )NP )PP (PP from (NP $ *UNKN million )NP (ADVP (NP a year )NP ago )ADVP )PP )VP . )S  STOP
(S (NP The (NAC *UNKC , Mass. , )NAC utilities and *UNK- concern )NP (VP said (SBAR (S (NP (NP results )NP (PP for (NP (NP the third quarter )NP , (NP (NP usually a *UNKING one )NP (PP because of (NP (NP the *UNK )NP (PP of (NP the gas business )NP )PP )NP )PP )NP , )NP )PP )NP (VP were (ADVP also )ADVP (VP aided (PP by (NP (NP higher gas sales )NP and (NP (NP the May 1989 acquisition )NP (PP of (NP Water Products Company )NP )PP )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP Eastern )NP (VP had (NP (NP net income )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ 1.80 )NP (NP a share )NP )NP , )NP )PP (ADVP up (NP 23 % )NP (PP from (NP (NP (QP $ *UNKN million )QP )NP or (NP (NP $ *UNKN )NP (NP a share )NP (ADVP (NP a year )NP ago )ADVP )NP )NP )PP )ADVP )NP )VP . )S  STOP
(S (NP Revenue )NP (VP grew (NP 24 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP *UNKC Computer Corp. )NP , (S (VP continuing (NP its rapid growth )NP (SBAR while (S (NP other computer companies )NP (VP *UNK )VP )S )SBAR )VP )S , (VP reported (NP (NP (NP an (ADJP 87 % )ADJP increase )NP (PP in (NP third-quarter net income )NP )PP (PP from (NP (NP a year )NP (ADVP earlier )ADVP )NP )PP )NP and (NP (NP a (ADJP 50 % )ADJP increase )NP (PP in (NP revenue )NP )PP )NP )NP )VP . )S  STOP
(S (NP Net )NP (VP was (NP (NP (QP $ 3.1 million )QP )NP , or (NP (NP 16 cents )NP (NP a share )NP )NP )NP , (ADVP up (PP from (NP (NP (QP $ 1.6 million )QP )NP , or (NP (NP nine cents )NP (NP a share )NP )NP )NP )PP )ADVP )VP . )S  STOP
(S (NP Revenue )NP (VP was (NP (QP $ *UNKN million )QP )NP , (ADVP up (PP from (NP (QP $ *UNKN million )QP )NP )PP )ADVP )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP net )NP (VP was (NP (NP (QP $ 7.7 million )QP )NP , or (NP (NP 41 cents )NP (NP a share )NP )NP , )NP (ADVP up (NP 97 % )NP (PP from (NP (NP (QP $ 3.9 million )QP )NP , or (NP (NP 22 cents )NP (NP a share )NP , (ADVP (NP a year )NP earlier )ADVP )NP )NP )PP )ADVP )VP . )S  STOP
(S (NP Revenue )NP (VP was (NP (QP $ *UNKN million )QP )NP , (ADVP up (NP 50 % )NP (PP from (NP (QP $ *UNKN million )QP )NP )PP )ADVP )VP . )S  STOP
(S (NP *UNKC )NP (VP (VP makes (NP (NP *UNK )NP (SBAR (WHNP that )WHNP (S (VP sell (PP for (NP (QP up to $ 2 million )QP )NP )PP )VP )S )SBAR )NP )VP and (VP has (NP (NP an installed base )NP (PP of (NP (NP more )NP (PP than (NP (NP 550 systems )NP and (NP *UNKN customers )NP )NP )PP )NP )PP (ADVP world-wide )ADVP )NP )VP )VP . )S  STOP
(S (PP During (NP the third quarter )NP )PP , (NP it )NP (VP said , (SBAR (S (NP it )NP (VP won (NP several significant contracts )NP , (PP including (NP (NP (NP a five-year contract )NP (PP with (NP (NP the National Institutes )NP (PP of (NP Health )NP )PP )NP )PP )NP (VP valued (PP at (NP an estimated (QP $ 8 million )QP )NP )PP )VP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Earlier this month )NP , (NP *UNKC )NP (VP made (NP a bid )NP (S (VP to (VP *UNK (NP (NP other supercomputer competitors )NP (PP like (NP (NP Digital Equipment Corp. )NP and (NP International Business Machines Corp. )NP )NP )PP )NP (PP by (S (VP (VP adopting (NP (NP an open set )NP (PP of (NP standards )NP )PP )NP and )VP (VP introducing (NP (NP new hardware and software )NP (SBAR (S (VP to (VP link (NP different systems )NP )VP )VP )S )SBAR )NP )VP )VP )S )PP )VP )VP )S )VP . )S  STOP
(SINV (S (NP The new products )NP (VP allow (S (NP customers )NP (VP to (VP add (NP *UNKC machines )NP (PP to (NP (NP established systems )NP (VP made (PP by (NP other manufacturers )NP )PP )VP )NP )PP )VP )VP )S )VP , (SBAR (WHNP which )WHNP `` (S (VP opens (PRT up )PRT (NP a *UNK market )NP (PP for (NP us )NP )PP )VP )S )SBAR )S , '' (VP said )VP (NP (NP Robert J. *UNKC )NP , (NP (NP Convex 's )NP chairman , president and chief executive )NP )NP . )SINV  STOP
(S (NP Convex )NP (ADVP also )ADVP (ADVP recently )ADVP (VP agreed (S (VP to (VP use (NP (NP *UNKC )NP , (NP (NP a standard )NP (PP for (NP (NP the computer language )NP (VP called (S (NP *UNKC )NP )S )VP )NP )PP )NP )NP )VP )VP )S )VP . )S  STOP
(S (S (NP *UNKC )NP (VP is (NP (NP one )NP (PP of (NP (NP three or four versions )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP )VP )S , but (S (NP it )NP (VP is (ADVP increasingly )ADVP (VP required (PP by (NP the federal government )NP )PP (SBAR as (S (NP it )NP (VP tries (S (VP to (VP *UNK (NP its computer systems )NP )VP )VP )S )VP )S )SBAR )VP )VP )S . )S  STOP
(S (S (NP Most other supercomputer manufacturers )NP (VP have (ADVP yet )ADVP (S (VP to (VP adopt (NP the *UNKC standard )NP )VP )VP )S )VP )S , (NP Mr. *UNKC )NP (VP said , (S (VP adding (SBAR that (S (NP they )NP (VP prefer (S (VP to (VP maintain (NP (NP *UNK systems )NP (SBAR (WHNP that )WHNP (S (VP lock (PRT in )PRT (NP customers )NP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )VP )S )VP . )S  STOP
(S `` (S (NP They )NP (VP want (NP (NP a *UNK *UNK )NP )NP -- (S (SBAR once (S (NP you )NP (VP get (ADVP in )ADVP )VP )S )SBAR , (NP you )NP (VP ca n't (VP get (ADVP out )ADVP )VP )VP )S )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S `` But (NP the customer )NP (VP does n't (VP want (NP that )NP )VP )VP . '' )S  STOP
(S (NP Convex )NP (VP closed (PP in (NP over-the-counter trading )NP )PP (PP on (NP Friday )NP )PP (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP , (ADVP down (NP 12.5 cents )NP )ADVP )VP . )S  STOP
(S (S (NP *UNKED Saatchi & Saatchi Co. )NP (VP (VP has (VP attracted (NP (NP offers )NP (PP for (NP (NP some )NP (PP of (NP its advertising units )NP )PP )NP )PP )NP , (PP with (S (NP potential *UNK )NP (VP including (NP Interpublic Group )NP )VP )S )PP )VP )VP , but (VP has (VP rejected (NP them )NP )VP )VP )VP )S , (NP (NP people )NP (ADJP familiar (PP with (NP the company )NP )PP )ADJP )NP (VP said )VP . )S  STOP
(S (NP Industry executives )NP (VP said (SBAR (S (NP Interpublic )NP (VP (VP approached (NP Saatchi )NP (PP in (NP August )NP )PP (PP about (S (VP buying (NP its *UNKC unit )NP )VP )S )PP )VP , but (VP was (VP turned (PRT down )PRT (PP by (NP Chairman *UNKC Saatchi )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (ADVP More recently )ADVP , (NP Interpublic )NP (VP (VP *UNKED (PP about (NP (NP one )NP (PP of (NP (NP Saatchi 's )NP smaller communications companies )NP )PP (PRN -- (VP identified (PP as (NP the *UNKC public relations firm )NP )PP (PP by (NP several industry executives )NP )PP )VP -- )PRN )NP )PP )VP but (VP (ADVP again )ADVP was (VP *UNKED )VP )VP )VP )S , (NP they )NP (VP said )VP . )S  STOP
(S (S (NP (NP (NP Interpublic 's )NP chairman and chief executive officer )NP , (NP Philip *UNKC Jr. )NP , )NP (VP made (NP the *UNK )NP (PP in (NP (NP visits )NP (PP to (NP Mr. Saatchi )NP )PP (PP in (NP London )NP )PP )NP )PP )VP )S , (NP the executives )NP (VP said )VP . )S  STOP
(S (NP A Saatchi spokesman )NP (VP declined (S (VP to (VP comment (PP about (NP Interpublic )NP )PP )VP )VP )S )VP . )S  STOP
(S But (NP the spokesman )NP (VP confirmed (SBAR that (S (NP Saatchi )NP (VP has (VP received (NP (NP several inquiries )NP (PP from (NP (NP companies )NP (VP interested (PP in (S (VP acquiring (NP its *UNKC and *UNKC units )NP )VP )S )PP )VP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP added , `` (S (NP We )NP (VP have (NP (NP no intention )NP (PP of (S (VP selling (NP either business )NP )VP )S )PP )NP )VP )S )VP . '' )S  STOP
(S (NP Interpublic )NP (VP declined (NP comment )NP )VP . )S  STOP
(S (NP The offers )NP (VP come (SBAR as (S (NP Saatchi )NP (VP is (VP struggling (PP through (NP (NP the most troubled period )NP (PP in (NP its *UNK- history )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Takeover speculation )NP (VP has (VP been (ADJP *UNK )ADJP )VP )VP )S , (S (NP its consulting business )NP (VP is (PP on (NP the block )NP )PP )VP )S , and (S (NP (NP its largest shareholder )NP , (NP *UNKC Asset Management )NP , )NP (VP has (VP said (SBAR (S (NP it )NP (VP 's (VP been (VP approached (PP by (NP third parties )NP )PP (PP regarding (NP a possible restructuring )NP )PP )VP )VP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (S (NP Analysts )NP (VP have (ADVP *UNKLY )ADVP (VP lowered (NP (NP their earnings estimates )NP (PP for (NP the company )NP )PP )NP )VP )VP , )S and (S (NP their outlook )NP , (PP (ADVP at least )ADVP for (NP the short term )NP )PP , (VP is (ADJP bleak )ADJP )VP )S . )S  STOP
(S (PP In (NP (NP the midst )NP (PP of (NP the current turmoil )NP )PP )NP )PP , (NP Saatchi )NP (VP is (VP attempting (S (VP to (VP shore (PRT up )PRT (NP its ad businesses )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP It )NP (VP named (NP (NP a new chief executive officer )NP , (NP (NP former *UNKC International head )NP (NP Robert *UNKC )NP )NP )NP )VP . )S  STOP
(S (NP It )NP (VP *UNKED (NP (NP an offer )NP (PP by (NP (NP Carl Spielvogel )NP , (NP (NP head )NP (PP of (NP (NP Saatchi 's )NP Backer Spielvogel Bates unit )NP )PP )NP , )NP )PP (S (VP to (VP lead (NP (NP a management buy-out )NP (PP of (NP (NP all or part )NP (PP of (NP Saatchi )NP )PP )NP )PP )NP )VP )VP )S )NP )VP . )S  STOP
(S And (NP last week )NP , (NP (NP people )NP (ADJP close (PP to (NP Saatchi )NP )PP )ADJP )NP (VP said (SBAR (S (NP (NP *UNKC Saatchi )NP and (NP (NP his brother )NP , (NP Charles )NP , )NP )NP (VP would (VP lead (NP a buy-out )NP (SBAR if (S (NP a hostile bid )NP (VP emerged )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP Saatchi 's )NP troubles )NP (VP have (ADVP only )ADVP (VP *UNKED (PRT up )PRT (NP interest )NP (PP among (NP (NP outsiders )NP (VP interested (PP in (S (VP picking (PRT off )PRT (NP (NP pieces )NP (PP of (NP its ad businesses )NP )PP )NP )VP )S )PP )VP )NP )PP )VP )VP . )S  STOP
(S (SBAR While (S (NP (NP (NP Saatchi 's )NP major agency networks )NP (PRN -- (NP (NP Backer Spielvogel )NP and (NP Saatchi & Saatchi Advertising )NP )NP -- )PRN )NP (VP would (VP be (ADJP difficult (SBAR for (S (NP any ad firm )NP (VP to (VP buy )VP )VP )S )SBAR )ADJP (PP because of (NP potential client conflicts )NP )PP )VP )VP )S )SBAR , (NP its smaller businesses )NP (VP are (ADJP quite attractive )ADJP )VP . )S  STOP
(S (NP *UNKC )NP , (PP for (NP example )NP )PP , (VP (VP has (VP had (NP big problems )NP (PP at (NP its New York office )NP )PP )VP )VP , but (VP offers (NP strong offices )NP (PP in (NP (NP other areas )NP (PP of (NP the country )NP )PP , (PP including (NP Minneapolis and Chicago )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP That )NP (VP would (VP would (VP make (S (NP it )NP (ADJP *UNKING (PP to (NP (NP a network )NP (PP such as (NP Interpublic )NP )PP (SBAR (WHNP that )WHNP (S (ADVP already )ADVP (VP has (NP a healthy New York presence )NP )VP )S )SBAR )NP )PP )ADJP )S )VP )VP )VP . )S  STOP
(S -LRB- (SBAR While (S (NP there )NP (VP would (VP be (NP some client conflicts )NP )VP )VP )S )SBAR , (NP they )NP (VP would n't (VP be (ADJP (ADJP nearly as *UNK )ADJP (PP as (PP with (NP (NP Saatchi 's )NP other agencies )NP )PP )PP )ADJP )VP )VP . -RRB- )S  STOP
(S (S (NP *UNKC )NP (ADVP also )ADVP (VP would (VP be (NP (NP a sizable addition )NP (PP to (NP an agency network )NP )PP )NP )VP )VP )S : (S (NP It )NP (VP has (NP (NP (NP *UNK )NP (PP of (NP (QP about $ 850 million )QP )NP )PP )NP and (NP (NP blue-chip clients )NP (PP including (NP (NP General Mills )NP , (NP *UNKC )NP and (NP Dow Brands )NP )NP )PP )NP )NP )VP )S . )S  STOP
(S (NP *UNKC )NP , (ADVP meanwhile )ADVP , (VP (VP has (VP expanded (ADVP aggressively )ADVP )VP )VP , and (VP (ADVP now )ADVP ranks (PP as (NP the *UNK- U.S. public relations firm )NP )PP )VP , (PP according (PP to (NP (NP (NP *UNKC )NP *UNKC )NP (PP of (NP Public Relations *UNKC )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP It )NP (VP would (VP be (ADJP attractive (PP to (NP (NP an agency )NP (PP such as (NP (NP Interpublic )NP , (NP (NP one )NP (PP of (NP (NP the few big agency groups )NP (PP without (NP (NP an affiliated public relations firm )NP (PP of (NP its own )NP )PP )NP )PP )NP )PP )NP )NP )PP )NP )PP )ADJP )VP )VP . )S  STOP
(S (NP Other Saatchi units )NP (VP include (NP (NP (NP ad agency )NP (NP (NP *UNKC & McCall )NP , (SBAR (SBAR (WHNP which )WHNP (S (VP has (NP the *UNKC account )NP )VP )S )SBAR and (SBAR (WHNP which )WHNP (S (VP has (VP been (VP attempting (S (VP to (VP buy (NP itself )NP (ADVP back )ADVP )VP )VP )S )VP )VP )VP )S )SBAR )SBAR )NP )NP ; and (NP (NP Howard *UNKC )NP , (NP a sports and event marketing firm )NP )NP )NP )VP . )S  STOP
(S (PP Despite (NP (NP (NP Saatchi 's )NP firm stand )NP (PP against (S (VP selling (NP its ad units )NP )VP )S )PP )NP )PP , (NP U.S. analysts )NP (VP believe (SBAR (S (NP the company )NP (VP may (ADVP ultimately )ADVP (VP sell (NP (NP some )NP (PP of (NP the smaller units )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP , (PP in (NP a recent interview )NP )PP , (VP said (SBAR (S (NP he )NP (VP might (VP sell `` (NP a marginal agency or office )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Analysts )NP (VP believe (SBAR (S (NP he )NP (VP may (ADVP ultimately )ADVP (VP *UNK (PP of (NP (NP some )NP (PP of (NP the *UNKING businesses )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(NP (NP Prudential 's )NP *UNKC Four )NP  STOP
(S (NP (NP Prudential Insurance Co. )NP (PP of (NP America )NP )PP )NP (VP said (SBAR (S (NP it )NP (VP selected (S (NP four agencies )NP (VP to (VP pitch (NP its (ADJP (QP $ 60 million to $ 70 million )QP )ADJP account )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP addition )NP (PP to (NP (NP Backer Spielvogel Bates )NP , (NP (NP a Saatchi unit )NP (SBAR (WHNP that )WHNP (S (VP has (VP handled (NP the account )NP (PP since (NP 1970 )NP )PP )VP )VP )S )SBAR )NP )NP )PP )NP )PP , (NP the other agencies )NP (VP include (NP (NP (NP *UNKC *UNKC )NP , (NP (NP a unit )NP (PP of (NP the *UNKC Group )NP )PP )NP )NP ; (NP *UNKC Advertising )NP ; and (NP (NP WPP Group 's )NP *UNKC , *UNKC , *UNKC agency )NP )NP )VP . )S  STOP
(S (NP All agencies )NP (VP are (ADJP New York-based )ADJP )VP . )S  STOP
(S (NP (NP A spokesman )NP (PP for (NP (NP the insurance and financial services firm )NP , (VP based (PP in (NP (NP Newark )NP , (NP N.J. )NP , )NP )PP )VP )NP )PP )NP (VP said (SBAR (S (NP it )NP (VP hopes (S (VP to (VP make (NP a decision )NP (PP within (NP (QP three to four )QP months )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP *UNKC (ADVP Back )ADVP )VP )S  STOP
(S (NP The *UNKC *UNKC Board )NP , (PP in (NP (NP the wake )NP (PP of (NP (NP (NP Young & Rubicam 's )NP indictment )NP (PP on (NP charges (SBAR that (S (NP it )NP (VP *UNKED (NP *UNKC officials )NP (S (VP to (VP win (NP the account )NP )VP )VP )S (PP in (NP 1981 )NP )PP )VP )S )SBAR )NP )PP )NP )PP )NP )PP , (VP released (NP (NP a *UNKING memo )NP (VP *UNKING (NP the agency )NP (PP for (NP the embarrassing incident )NP )PP )VP )NP )VP . )S  STOP
(S (NP The memo )NP (VP attempts (S (VP to (VP remove (NP the tourist board )NP (ADVP (ADJP as far )ADJP (PP as (ADJP possible )ADJP )PP (PP from (NP (NP the agency )NP , (SBAR (WHNP which )WHNP (S (VP pleaded (ADJP innocent (PP to (NP the charges )NP )PP )ADJP )VP )S )SBAR )NP )PP )ADVP )VP )VP )S )VP . )S  STOP
(S (PP Among (NP other things )NP )PP , (NP the memo )NP (VP contends (SBAR that (S (NP Young & Rubicam )NP (VP gave (NP false *UNK (SBAR that (S (NP the investigation )NP (VP would n't (VP *UNK (NP (NP any information )NP (SBAR (WHNP that )WHNP (S (VP would `` (VP *UNK (NP (NP (NP the government )NP (PP of (NP *UNKC )NP )PP )NP or (NP the *UNKC *UNKC Board )NP )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP contends (SBAR that (S (NP Young & Rubicam )NP (ADVP never )ADVP (VP told (NP the tourist board )NP (PP about (NP (NP its relationship )NP (PP with (NP (NP Ad *UNKC )NP , (NP (NP a *UNKC firm )NP (VP hired (PP by (NP the agency )NP )PP )VP )NP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The U.S. indictment )NP (VP charges (SBAR (S (NP Ad *UNKC )NP (VP was (NP (NP a front )NP (VP used (S (VP to (VP *UNK (NP *UNK )NP (PP to (NP (NP the *UNK- )NP (PP of (NP tourism )NP )PP )NP )PP )VP )VP )S )VP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The memo )NP (ADVP also )ADVP (VP *UNK (NP the agency )NP (PP for (NP (NP the timing )NP (PP of (NP (NP its announcement )NP (NP Thursday )NP (SBAR that (S (NP it )NP (VP would (ADVP no longer )ADVP (VP handle (NP the (ADJP (QP $ 5 million to $ 6 million )QP )ADJP account )NP )VP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP The agency )NP (VP (VP declined (NP comment )NP )VP , but (VP said (SBAR (S (NP it )NP (VP will (VP continue (NP work )NP (SBAR until (S (NP a new agency )NP (VP is (VP chosen )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(NP Ad Notes ... . )NP  STOP
(NP NEW *UNKC )NP  STOP
(UCP : (S (NP (NP American *UNKC Motor Corp. )NP , (NP (NP *UNKC )NP , (NP Calif. )NP , )NP )NP (VP awarded (NP its estimated (ADJP (QP $ 10 million to $ 30 million )QP )ADJP account )NP (PP to (NP (NP *UNKC )NP , (NP Los Angeles )NP )NP )PP )VP )S . )UCP  STOP
(SINV (VP (ADVP Also )ADVP participating (PP in (NP the *UNK )NP )PP )VP (VP was )VP (NP (NP Los Angeles agency )NP (NP *UNKC Advertising America )NP )NP . )SINV  STOP
(S (NP (NP (NP American *UNKC 's )NP previous agency )NP , (NP *UNKC )NP , )NP (VP did n't (VP participate )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP *UNKC )VP : )S  STOP
(S (NP (NP (NP *UNK *UNK *UNKC 's )NP president and chief executive officer )NP , (NP Jerry J. *UNKC )NP , )NP (VP said (SBAR (S (S (NP the agency )NP (VP is (VP holding (NP `` (NP conversations )NP '' (PP about (S (VP acquiring (NP (NP *UNKC *UNKC *UNKC & *UNKC )NP , (NP a *UNKED Chicago agency )NP )NP )VP )S )PP )NP )VP )VP )S , but (S (NP a deal )NP (VP is n't (ADVP yet )ADVP (ADJP close (PP to (S (VP being (VP completed )VP )VP )S )PP )ADJP )VP )S )S )SBAR )VP . )S  STOP
(SBARQ (WHNP *UNKC )WHNP (S (VP 'S (NP *UNKC )NP )VP )S : )SBARQ  STOP
(S (NP (NP John Wells )NP , (NP 47 )NP , (NP (NP former president and chief executive )NP (PP of (NP (NP *UNK *UNK *UNKC 's )NP Chicago office )NP )PP )NP , )NP (VP was (VP named (S (NP (NP management director and director )NP (PP of (NP account services )NP )PP (PP at (NP (NP (NP WPP Group 's )NP J. Walter Thompson agency )NP (PP in (NP Chicago )NP )PP )NP )PP )NP )S )VP )VP ... . )S  STOP
(S (NP (NP *UNKLY *UNKC )NP , (NP 42 )NP , )NP (VP was (VP named (S (NP (NP president and chief operating officer )NP (PP of (NP (NP Ogilvy & Mather Direct )NP , (NP (NP the direct mail division )NP (PP of (NP (NP WPP Group 's )NP Ogilvy & Mather agency )NP )PP )NP )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP (NP Grand Metropolitan PLC )NP , (NP (NP the United Kingdom food and *UNK group )NP (SBAR (WHNP that )WHNP (S (VP owns (NP (NP *UNKC Inc. )NP (PP of (NP the U.S. )NP )PP )NP )VP )S )SBAR )NP , )NP (VP announced (NP (NP a *UNKING )NP (PP of (NP *UNK- executive duties )NP )PP (VP intended (S (VP to (VP fit (NP (NP the company 's )NP recent expansion )NP )VP )VP )S )VP )NP )VP . )S  STOP
(S (NP (NP David *UNKC )NP , (NP (NP formerly group finance director )NP (PP at (NP *UNKC *UNKC PLC )NP )PP )NP , )NP (VP will (VP become (NP (NP Grand Met 's )NP first group finance director )NP (PP in (NP January )NP )PP )VP )VP . )S  STOP
(S (PP In (NP a statement )NP )PP , (NP Grand Met )NP (VP said (SBAR (S (NP its recent `` (NX (NX growth )NX and (NX wider *UNK spread )NX )NX '' )NP (VP made (S (NP it )NP (ADJP necessary (S (VP to (VP create (NP the new position )NP )VP )VP )S )ADJP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (ADVP also )ADVP (VP *UNKED (NP several executive responsibilities )NP )VP . )S  STOP
(S (NP (NP David *UNKC )NP , (PP (ADVP formerly )ADVP in (NP (NP charge )NP (PP of (NP gambling operations )NP )PP )NP )PP , )NP (VP was (VP appointed (S (NP (NP chief executive )NP (PP for (NP retailing and property )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP (NP (NP Peter *UNKC )NP , (NP group strategy development director )NP , )NP and (NP (NP Bill *UNKC )NP , (NP group personnel director )NP , )NP )NP (VP will (VP become (NP (NP part )NP (PP of (NP (NP the board 's )NP management committee )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP David Baltimore )NP , (SBAR (WHNP who )WHNP (S (VP has (ADVP just )ADVP (VP been (VP named (S (NP (NP president )NP (PP of (NP Rockefeller University )NP )PP )NP )S )VP )VP )VP )S )SBAR , )NP (ADVP already )ADVP (VP knows (SBAR (WHNP what )WHNP (S (NP (NP it )NP )NP (VP 's (PP like )PP (S (VP to (VP go (PP through (NP life )NP )PP (PP with (NP `` (NP *UNKC *UNK )NP '' (VP *UNKED (PP to (NP (NP one 's )NP name )NP )PP )VP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP is (ADVP currently )ADVP (VP experiencing (SBAR (WHNP what )WHNP (S (NP (NP it )NP )NP (VP 's (PP like )PP (S (VP to (VP have (NP (NP the phrase )NP , `` (PP under (NP (NP investigation )NP (PP for (NP scientific fraud )NP )PP )NP )PP , '' )NP (VP (ADVP also )ADVP attached (PP to (NP his name )NP )PP )VP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP The Nobel committee )NP (VP made (NP the first addition )NP )VP )S ; (S (NP (NP John *UNKC 's )NP congressional committee )NP (VP created (NP the second )NP )VP )S . )S  STOP
(S (NP (NP Both )NP (PP of (NP (NP Dr. Baltimore 's )NP public faces )NP )PP )NP (VP have (VP been (PP on (NP view )NP )PP (NP the past few weeks )NP (SBAR while (S (NP he )NP (VP was (PP under (NP consideration (S (VP to (VP succeed (NP *UNKC *UNKC )NP (PP as (NP (NP head )NP (PP of (NP the *UNK Rockefeller research institution )NP )PP )NP )PP )VP )VP )S )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP came (S (VP to (VP light )VP )VP )S (SBAR that (S (NP (NP a substantial number )NP (PP of (NP (NP Rockefeller 's )NP *UNK )NP )PP )NP (VP were (VP (VP upset (PP over )PP )VP or (VP (ADVP even )ADVP opposed (PP to )PP )VP (NP (NP Dr. Baltimore )NP 's impending appointment )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP were (VP *UNKED (PP at (SBAR (WHNP what )WHNP (S (NP they )NP (VP regarded (PP as (NP (NP (NP Dr. Baltimore 's )NP *UNK attitude )NP (PP toward (NP (NP the *UNKC committee )NP , (SBAR (WHNP which )WHNP (S (VP held (NP (NP hearings )NP (PP on (NP (NP a dispute )NP (PP over (NP (NP the *UNK *UNK )NP (PP of (NP (NP a researcher )NP (SBAR (WHNP who )WHNP (S (VP had (VP *UNKED (NP a scientific paper )NP (PP with (NP Dr. Baltimore )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )PP )NP )VP )S )SBAR )NP )PP )NP )PP )VP )S )SBAR )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP (NP these columns )NP (PRN -LRB- (NP `` (NP The Science Police )NP , '' (NP May 15 )NP )NP -RRB- )PRN )NP )PP )NP (VP will (VP recall (SBAR that (S (NP Dr. Baltimore )NP (VP was (ADVP merely )ADVP (NP (NP the (ADJP most well-known )ADJP part )NP (PP of (NP (NP (NP the *UNKC committee 's )NP larger investigation )NP , (SBAR (WHNP which )WHNP (S (VP *UNKED (NP (NP *UNKC )NP , (NP *UNKC )NP , (NP *UNKC )NP , (NP (NP the National Institutes )NP (PP of (NP Health )NP )PP )NP and (NP elsewhere )NP )NP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Rep. Dingell )NP (ADVP even )ADVP (VP managed (S (VP to (VP *UNK (NP (NP the services )NP (PP of (NP the *UNKC Service )NP )PP )NP (PP in (NP (NP his investigation )NP (PP of (NP the Baltimore paper )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (SBAR *UNKC as (S (NP Mr. Dingell )NP (VP has (NP (NP a special interest )NP (PP in (NP (NP NIH )NP and (NP (NP the institutions )NP (SBAR (WHNP that )WHNP (S (VP receive (NP its funding )NP )VP )S )SBAR )NP )NP )PP )NP )VP )S )SBAR , (NP the Rockefeller scientists )NP (VP were (ADJP (NP no doubt )NP *UNKED (PP by (NP (NP (NP Dr. Baltimore 's )NP *UNKING public opinion )NP (PP of (NP (NP this congressional *UNK )NP , (SBAR (WHNP whose behavior )WHNP (S (VP *UNKED (NP (NP Dr. Baltimore )NP (PP of (NP the *UNKC era )NP )PP )NP )VP )S )SBAR )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (NP This )NP (ADVP well )ADVP (VP may (VP be (NP (NP the first time )NP (SBAR (WHADVP that )WHADVP (S (NP the *UNK Rockefeller University )NP (VP has (VP *UNKED (ADVP up )ADVP (ADVP publicly )ADVP (PP against (NP (NP the *UNK )NP (ADJP now common (PP in (NP American science )NP )PP )ADJP )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (S (NP John Dingell )NP (VP *UNK (NP a David Baltimore )NP )VP )S , (S (NP *UNK- activists )NP (VP do (NP (NP (QP $ 3.5 million )QP )NP (PP of (NP damage )NP )PP )NP (PP to (NP (NP *UNK )NP (PP at (NP the *UNKC )NP )PP )NP )PP )VP )S , (S (NP *UNKC *UNKC )NP (VP *UNK (NP (NP the *UNK )NP (PP of (NP *UNK )NP )PP )NP (PP on (NP talk shows )NP )PP )VP )S , (S (NP *UNKC *UNKC )NP (VP files (NP lawsuits )NP (PP in (NP federal court )NP )PP (S (VP to (VP *UNK (NP *UNK experiments )NP )VP )VP )S )VP )S , and (S (NP (NP (NP *UNKC researcher Gary *UNKC 's )NP own colleagues )NP (PP at (NP *UNKC State )NP )PP )NP (VP *UNK (NP him )NP (PP for `` (S (VP violating '' (NP EPA rules )NP )VP )S )PP )VP )S . )S  STOP
(S (NP (NP Scientists )NP )NP (VP are (VP *UNK (SBAR (WHNP who )WHNP (S (VP (ADVP still )ADVP think (SBAR (SBAR that (S (NP (NP the *UNK- movement )NP (PP in (NP this country )NP )PP )NP (VP is n't (NP their concern )NP )VP )S )SBAR or (SBAR that (S (NP a David Baltimore )NP (VP could (VP have (ADVP somehow )ADVP (VP *UNKED (NP a John Dingell )NP )VP )VP )VP )S )SBAR )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S -LRB- (NP Mr. Dingell )NP (PP , by (NP the way )NP , )PP (VP has (VP *UNKED (NP (NP another NIH investigation )NP (PP of (NP the Baltimore paper )NP )PP )NP , (S (VP adding (PP to (NP several previous investigations )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP (NP *UNKING )NP (ADJP other (PP than (SBAR (WHNP what )WHNP (S (NP most scientists )NP (VP would (VP recognize (PP as (NP the truth )NP )PP )VP )VP )S )SBAR )PP )ADJP )NP (VP is (VP being (VP sought (ADVP here )ADVP )VP )VP )VP . -RRB- )S  STOP
(S (ADVP *UNKLY )ADVP , (NP there )NP (VP are (NP signs (SBAR that (S (NP (NP increasing numbers )NP (PP of (NP scientists )NP )PP )NP (VP understand (NP (NP the necessity )NP (PP of (S (VP speaking (PRT out )PRT )VP )S )PP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP David *UNKC )NP , (NP (NP a Nobel *UNK )NP (PP at (NP Harvard )NP )PP )NP , )NP (VP has (VP taken (NP (NP the lead )NP (PP in (S (VP defending (NP (NP research )NP (PP with (NP animals )NP )PP )NP )VP )S )PP )NP , (SBAR as (SINV (VP has )VP (NP Dr. Michael *UNKC )NP )SINV )SBAR )VP )VP . )S  STOP
(S (NP NASA )NP (VP defended (NP itself )NP (ADVP *UNKLY and successfully )ADVP (PP against (NP (NP a *UNKC suit )NP (SBAR (S (VP to (VP block (NP the Galileo launch )NP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Scientists )NP (VP need (S (VP to (VP understand (SBAR that (S (SBAR while (S (NP they )NP (VP tend (S (VP to (VP believe (SBAR (S (NP their work )NP (VP is (ADVP *UNKLY )ADVP (PP about (S (VP (VP establishing (NP new knowledge )NP )VP or (VP doing (NP good )NP )VP )VP )S )PP )VP )S )SBAR )VP )VP )S )VP )S )SBAR , (NP today )NP (NP it )NP (VP is (ADVP also )ADVP (PP about (NP power )NP )PP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (PP In (NP a *UNKED world )NP )PP , (S (NP scientists )NP (VP may (VP earn (NP (NP wide *UNK )NP and (NP even *UNKC )NP )NP (PP for (NP their work )NP )PP )VP )VP )S , but (S (NP they )NP (ADVP also )ADVP (VP attract (NP (NP the attention )NP (PP of (NP (NP people )NP (SBAR (WHNP who )WHNP (S (VP wish (S (VP to (VP gain (NP (NP control )NP (PP over (NP (NP the content , funding and goals )NP (PP of (NP that work )NP )PP )NP )PP )NP )VP )VP )S )VP )S )SBAR )NP )PP )NP )VP )S . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP (NP a David Baltimore )NP (PRN -- or (NP the next target )NP -- )PRN )NP (VP decides (SBAR (S (NP (NP it )NP )NP (VP is (ADJP better )ADJP (S (VP to (VP stand (PRT up )PRT (PP to (NP these forces )NP )PP )VP )VP )S )VP )S )SBAR )VP )S )SBAR , (NP his fellow scientists )NP (VP would (VP do (ADVP well )ADVP (S (VP to (VP (VP recognize (SBAR (WHNP what )WHNP (S (VP is (ADVP *UNKLY )ADVP (PP at (NP stake )NP )PP )VP )S )SBAR )VP , and (VP offer (NP their public support )NP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP Wisconsin *UNKC Co. )NP (VP said (SBAR (S (NP it )NP (ADVP *UNKLY )ADVP (VP agreed (S (VP to (VP acquire (NP (NP closely held Everything 's a Dollar Inc. )NP (PP of (NP (NP Virginia Beach )NP , (NP Va. )NP , )NP )PP )NP (PP for (NP (NP stock )NP (VP (ADVP currently )ADVP valued (PP at (NP (QP about $ 4.7 million )QP )NP )PP )VP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNKC toy retailer )NP (VP said (SBAR (S (NP the agreement )NP (VP calls (SBAR for (S (NP Everything 's a Dollar holders )NP (VP to (VP receive (PP for (NP their holdings )NP )PP (NP (NP a total )NP (PP of (NP *UNKN (ADJP newly issued )ADJP Wisconsin *UNKC shares )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Wisconsin *UNKC )NP (ADVP currently )ADVP (VP has (NP (NP (QP about 4.7 million )QP shares )NP (ADJP outstanding )ADJP )NP )VP . )S  STOP
(S (NP A company official )NP (VP said (SBAR (S (NP (NP Arthur *UNKC )NP , (NP (PP until (NP January )NP )PP (NP chief operating officer )NP (PP of (NP *UNKC *UNK *UNKC Inc. )NP )PP )NP , )NP (VP (VP will (VP buy (NP (NP a (ADJP 20 % )ADJP stake )NP (PP in (NP the new Wisconsin *UNKC subsidiary )NP )PP )NP )VP )VP , and (VP will (VP act (PP as (NP (NP head )NP (PP of (NP Everything 's a Dollar )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Wisconsin *UNKC )NP (VP has (NP 71 retail stores )NP , (PP (ADVP primarily )ADVP in (NP discount *UNK )NP )PP )VP . )S  STOP
(S (NP Everything 's a Dollar )NP (VP operates (NP 60 *UNK- stores )NP )VP . )S  STOP
(S (SBAR While (S (VP *UNKING (NP (NP (NP Nicholas *UNKC 's )NP Sept. 18 letter )NP (VP offering (NP (NP *UNK )NP (PP to (NP your `` *UNKC Tax *UNKC '' table )NP )PP )NP )VP (PRN -LRB- (NP (NP editorial page )NP , (NP Aug. 29 )NP )NP -RRB- )PRN )NP )VP )S )SBAR , (NP I )NP (VP am (VP surprised (SBAR that (S (NP he )NP (VP *UNKED (NP (NP other errors )NP (SBAR (WHNP that )WHNP (S , (PP for (NP (NP some )NP (PP of (NP us )NP )PP )NP )PP , (VP strike (ADVP close (PP to (NP home )NP )PP )ADVP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP As (NP a Channel *UNKC )NP )PP , (NP I )NP (VP was (VP *UNKED (S (VP to (VP see (S (NP my *UNK )NP (VP listed (PP as (NP (NP one )NP (PP of (NP `` (NP 86 countries )NP (PP with (NP an income tax )NP )PP )NP )PP )NP )PP )VP )S )VP )VP )S )VP )VP . '' )S  STOP
(S (PP Despite (NP (NP a history )NP (PP of (NP (NP *UNKED local debate )NP (PP on (NP the topic )NP )PP )NP )PP )NP )PP , (NP my *UNK )NP (ADVP clearly )ADVP (VP *UNK `` (NP British *UNK )NP )VP . '' )S  STOP
(S (SBAR Whether (S (NP (NP Mr. *UNKC 's )NP oversight )NP (VP is (ADVP merely )ADVP (NP (NP a sign )NP (PP of (NP (NP a *UNK 's )NP *UNK *UNK )NP )PP )NP )VP )S )SBAR (VP is (NP (NP a question )NP (SBAR (S (NP (NP my fellow Channel *UNKC )NP (PRN -LRB- and (NP (NP friends )NP (PP on (NP (NP the *UNKC )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP -RRB- )PRN )NP (VP will (VP continue (S (VP to (VP *UNK )VP )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(NP Patrick *UNKC )NP  STOP
(S (NP (NP *UNKC J. *UNKC )NP , (NP (NP chairman )NP (PP of (NP *UNKC *UNKC Inc. )NP )PP )NP , )NP (VP was (VP elected (PP to (NP (NP the board )NP (PP of (NP this *UNK line )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The board )NP (VP *UNK (PP to (NP seven members )NP )PP )VP . )S  STOP
(NP *UNKC . )NP  STOP
(S (SBAR If (S (NP the White House )NP (VP spots (NP one )NP )VP )S )SBAR , (NP it )NP (VP intends (S (VP to (VP fire (NP a veto )NP (PP at (NP it )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (VP are (NP (NP (NP this season 's )NP word )NP (PP for (NP new taxes )NP )PP )NP , (PP under (NP (NP *UNKC Director Richard Darman 's )NP *UNK (SBAR that `` (S (SBAR if (S (NP it )NP (VP (VP looks (PP like (NP a duck )NP )PP )VP , (VP *UNK (PP like (NP a duck )NP )PP )VP and (VP *UNK (PP like (NP a duck )NP )PP )VP )VP )S )SBAR , (NP it )NP (VP 's (NP a duck )NP )VP )S )SBAR )NP )PP )VP . '' )S  STOP
(S (NP George Bush )NP (VP is (ADJP quite clear )ADJP : (NP No new *UNK )NP )VP . )S  STOP
(SQ But (FRAG (WHNP what )WHNP (PP about (NP (NP all those *UNK- *UNK )NP (VP *UNKING (PP over (NP Washington )NP )PP )VP )NP )PP )FRAG ? )SQ  STOP
(S (NP We )NP (VP see (NP (NP a whole *UNK )NP (PP of (NP (NP programs )NP (SBAR (WHNP that )WHNP (S (VP will (VP impose (NP significant costs )NP (PP on (NP the American economy )NP )PP (PP in (NP (NP the form )NP (PP of (NP (NP *UNK regulation )NP and (NP higher liabilities )NP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(NP (NP Federal child care )NP (PRN -LRB- (INTJ *UNK )INTJ -RRB- )PRN . )NP  STOP
(NP (NP The Clean Air bill )NP (PRN -LRB- (INTJ *UNK )INTJ -RRB- )PRN . )NP  STOP
(NP (NP The *UNK- bill )NP (PRN -LRB- (INTJ (INTJ *UNK )INTJ , (INTJ *UNK )INTJ )INTJ -RRB- )PRN . )NP  STOP
(S (S (NP The Bush White House )NP (VP is (VP breeding (NP *UNK- *UNK )NP (NP (NP the same way )NP (SBAR (S (NP the Nixon White House )NP (VP did )VP )S )SBAR )NP )VP )VP )S : (S (NP It )NP (VP *UNK (PP on (NP (NP (NP an issue )NP (SBAR (WHNP that )WHNP (S (VP is (ADJP *UNK )ADJP )VP )S )SBAR )NP -- (NP (NP cleaner air )NP , (NP (NP better treatment )NP (PP of (NP the *UNKED )NP )PP )NP , (NP better child care )NP )NP )NP )PP )VP )S . )S  STOP
(S (NP It )NP (VP comes (PRT up )PRT (PP with (NP (NP a *UNK- version )NP (PP of (NP a Democratic proposal )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP The bill )NP (VP gets (VP signed (PP into (NP law )NP )PP )VP )VP )S and (S (ADVP then )ADVP (NP the administration )NP (VP *UNK (ADVP *UNKLY )ADVP , (S (VP wondering (SBAR (WHADVP where )WHADVP (S (NP all the `` unexpected '' costs )NP (VP came (PP from )PP )VP )S )SBAR )VP )S )VP )S . )S  STOP
(S (VP Consider , (PP for (NP instance )NP )PP , (NP (NP the (ADJP very fat )ADJP *UNK )NP (VP known (PP as (NP *UNKED child care )NP )PP )VP )NP )VP . )S  STOP
(S (NP The President )NP (VP (VP came (PRT up )PRT (PP with (NP a good bill )NP )PP )VP , but (VP (ADVP now )ADVP may (VP end (PRT up )PRT (S (VP signing (NP (NP the awful bureaucratic *UNK )NP (VP *UNKED (PP on (NP Capitol Hill )NP )PP )VP )NP )VP )S )VP )VP )VP . )S  STOP
(S (NP It )NP (VP would (VP create (NP (NP *UNKN local *UNK- commissions )NP , (ADJP *UNK (PP to (NP (NP the Department )NP (PP of (NP Health and Human Services )NP )PP )NP )PP )ADJP )NP )VP )VP . )S  STOP
(S (S (NP They )NP (VP 'd (VP determine (SBAR (WHADVP where )WHADVP (S (NP parents )NP (VP could (VP store (NP their kids )NP (PP during (NP the day )NP )PP )VP )VP )S )SBAR )VP )VP )S , and (S (NP they )NP (VP 'd (VP regulate (NP the storage facilities )NP )VP )VP )S . )S  STOP
(S (S (NP The initial costs )NP (VP are (VP said (S (VP to (VP be (PP in (NP the (ADJP (ADJP (QP $ 2 billion )QP )ADJP (NP a year )NP )ADJP range )NP )PP )VP )VP )S )VP )VP )S , but (S (NP that )NP (VP 's (NP only the beginning )NP )VP )S . )S  STOP
(S (NP New *UNK )NP (VP tend (S (VP to (VP grow , (S (VP creating (NP (NP a *UNK )NP (PP for (NP new taxes )NP )PP )NP )VP )S )VP )VP )S )VP . )S  STOP
(INTJ *UNKC . )INTJ  STOP
(S (S (NP The administration )NP (VP claims (SBAR that (S (NP its Clean Air bill )NP (VP will (VP cost (NP businesses )NP (PP between (NP (QP $ 14 billion and $ 19 billion )QP )NP )PP (ADVP annually )ADVP )VP )VP )S )SBAR )VP )S , but (S (NP economist Michael Evans )NP (VP estimates (SBAR that (S (NP (NP the costs )NP (PP for (NP firms )NP )PP )NP (VP will (ADVP actually )ADVP (VP be (PP in (NP the (ADJP (ADJP (QP $ 60 billion )QP )ADJP (NP a year )NP )ADJP range )NP )PP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP The House bill )NP (ADVP also )ADVP (VP *UNK (NP economic efficiency )NP (PP in (NP (NP all sorts )NP (PP of (NP *UNK ways )NP )PP )NP )PP )VP . )S  STOP
(S (PP For (NP example )NP )PP , (NP the administration proposal )NP (VP *UNK (NP extremely tough emissions standards )NP (PP on (NP new power plants )NP )PP )VP . )S  STOP
(S So (PP instead of (S (VP building (NP more efficient modern plants )NP )VP )S )PP , (NP utilities )NP (VP stick (NP *UNK )NP (PP on (NP the old plants )NP )PP )VP . )S  STOP
(S (NP (NP The money )NP (VP spent (PP on (NP *UNK )NP )PP )VP )NP (VP is (VP diverted (PP from (NP (NP planned research )NP (PP on (NP new , cleaner technology )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The bill )NP (ADVP also )ADVP (VP *UNK (NP the California *UNK- standards )NP (PP on (NP all cars )NP )PP (ADVP nationwide )ADVP , (SBAR as if (S (NP (NP a car )NP (VP registered (PP in (NP (NP Big *UNKC )NP , (NP *UNKC )NP , )NP )PP )VP )NP (VP needed (S (VP to (VP be (ADJP (ADJP as clean )ADJP (PP as (NP (NP one )NP (VP driven (PP in (NP Los Angeles )NP )PP )VP )NP )PP )ADJP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP the nationwide standards )NP )PP )NP (VP say (SBAR (S (NP (NP the cost )NP (PP for (NP car buyers )NP )PP )NP (VP would (VP be (NP (NP (QP about $ 500 )QP )NP (PP per (NP car )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Other analysts )NP (VP say (SBAR (S (NP that estimate )NP (VP is (ADJP low )ADJP )VP )S )SBAR )VP . )S  STOP
(INTJ *UNKC . )INTJ  STOP
(S (NP Nobody )NP (VP knows (SBAR (WHNP (NP how many billions )NP (PP of (NP dollars )NP )PP )WHNP (S (NP (NP the Americans )NP (PP With (NP *UNKC Act )NP )PP )NP (VP will (VP cost )VP )VP )S )SBAR , (SBAR because (S (NP nobody )NP (VP knows (SBAR (WHNP what )WHNP (S (NP the bill )NP (VP *UNK )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP is (NP (NP an (ADJP *UNKLY vague )ADJP document )NP (SBAR (WHNP that )WHNP (S (VP will (VP create (NP (NP a wave )NP (PP of (NP litigation )NP )PP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP will (VP write (NP the real bill )NP (SBAR as (S (NP suits )NP (VP roll (PP through (NP the courts )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Lawyers )NP (VP will (VP benefit )VP )VP . )S  STOP
(S (NP (NP Private companies )NP , and (ADVP ultimately )ADVP (NP their customers )NP , )NP (VP will (VP end (PRT up )PRT (S (VP *UNKING (NP the huge bill )NP )VP )S )VP )VP . )S  STOP
(S (NP (NP The effect )NP (PP of (NP Nixon era *UNK- *UNK )NP )PP )NP (VP was (NP (NP an economy )NP (VP *UNKED (PRT up )PRT (PP with (NP regulations and *UNK )NP )PP )VP )NP )VP . )S  STOP
(S (NP All this )NP (VP was (VP recognized and *UNKED (PP in (NP the succeeding years )NP )PP (PP by (NP (NP economists )NP , (NP (SBAR (WHNP (NP some )NP (PP of (WHNP whom )WHNP )PP )WHNP (S (VP worked (PP in (NP the Reagan administration )NP )PP (S (VP to (VP lift (NP this burden )NP (PP from (NP (NP the American people )NP , (NP states )NP and (NP local governments )NP )NP )PP )VP )VP )S )VP )S )SBAR )NP )NP )PP )VP )VP . )S  STOP
(S (S (VP *UNKING (PP for (NP President )NP )PP (PP in (NP 1980 and 1988 )NP )PP )VP )S , (NP George Bush )NP (ADVP also )ADVP (VP (ADVP *UNKLY )ADVP *UNKED (NP (NP the economic *UNK )NP (PP of (NP the 1970s )NP )PP )NP )VP . )S  STOP
(S (PP In (NP fact )NP )PP , (PP during (NP (NP last year 's )NP campaign )NP )PP , (NP the entire nation )NP (ADVP constantly )ADVP (VP heard (S (NP Mr. Bush )NP (VP *UNK (NP (NP his *UNK )NP (PP as (NP (NP head )NP (PP of (NP (NP the *UNKC Force )NP (PP on (NP *UNKC *UNKC )NP )PP )NP )PP )NP )PP )NP )VP )S )VP . )S  STOP
(S `` (S (NP Government )NP (VP continues (S (VP to (VP *UNK (NP (NP (NP the productivity )NP (PP of (NP our *UNK )NP )PP )NP and (NP (NP the international *UNK )NP (PP of (NP American business )NP )PP )NP )NP )VP )VP )S )VP )S , '' (NP the vice president )NP (VP declared (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP was (NP (NP head )NP (PP of (NP the task force )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S But (PP with (NP (NP the impending passage )NP (PP of (NP these new programs )NP )PP )NP )PP , (NP Mr. Bush )NP (VP will (ADVP surely )ADVP (VP be (VP sending (S (NP many people )NP (VP *UNKING (ADVP back )ADVP (PP into (NP (NP the regulatory *UNK )NP (SBAR (WHNP that )WHNP (S (NP he )NP (VP had (VP helped (S (VP cut (ADVP back )ADVP )VP )S )VP )VP )S )SBAR )NP )PP )VP )S )VP )VP )VP . )S  STOP
(S (PP By (NP 1986 )NP )PP , (NP (NP the number )NP (PP of (NP federal regulators )NP )PP )NP (VP was (ADVP down (PP to (NP about *UNKN )NP )PP )ADVP )VP . )S  STOP
(S (S (ADVP Then )ADVP (NP it )NP (VP turned (PRT up )PRT )VP )S , and (S (PP by (NP one estimate )NP )PP (NP the number )NP (VP will (VP be (ADVP up (PP to (NP (QP about *UNKN )QP regulators )NP )PP )ADVP (PP by (NP next year )NP )PP )VP )VP )S . )S  STOP
(S (S (VP Holding (NP (NP the *UNK )NP (PP on (NP taxes )NP )PP )NP )VP )S (VP is (NP (NP the (ADJP most important )ADJP task )NP (PP of (NP the Bush presidency )NP )PP )NP )VP . )S  STOP
(S (NP We )NP (VP would (VP have (VP thought (PP by (NP now )NP )PP , (ADVP though )ADVP , (SBAR that (S (NP there )NP (VP was (NP (NP a significant core )NP (PP of (NP (NP people )NP (VP involved (PP in (NP government life )NP )PP )VP (SBAR (WHNP who )WHNP (S (VP understood (SBAR that (S (NP direct taxation )NP (VP is n't (NP (NP the only way )NP (SBAR (S (VP to (VP slow (ADVP down )ADVP (NP an economy )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP It )NP (VP is (ADVP merely )ADVP (NP the most obvious )NP )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (VP is (ADJP even more *UNK )ADJP )VP )S )SBAR (VP is (SBAR that (S (PP all over (NP the world )NP )PP (NP nations )NP (VP are (VP learning (SBAR that (S (NP *UNKED public programs )NP (ADVP often )ADVP (VP *UNK )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S But (SBAR while (S (NP they )NP (VP are (VP *UNKING (NP these *UNK )NP )VP )VP )S )SBAR , (NP the United States )NP (VP is (ADJP close (PP to (S (VP creating (NP (QP three more )QP big ones )NP )VP )S )PP )ADJP )VP . )S  STOP
(S (NP The Bush administration )NP (VP ought (S (VP to (VP be (VP setting (ADVP aside )ADVP (NP (NP some )NP (PP of (NP its *UNK )NP )PP )NP (PP for (NP the *UNK- *UNK )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP in (NP the pound )NP )PP )NP (VP is (ADVP widely )ADVP (VP expected (S (VP to (VP take (NP another sharp *UNK )NP (SBAR if (S (NP (NP (NP trade figures )NP (PP for (NP September )NP )PP )NP , (ADJP due (PP for (NP release )NP )PP (NP tomorrow )NP )ADJP , )NP (VP fail (S (VP to (VP show (NP (NP a substantial improvement )NP (PP from (NP (NP July and August 's )NP *UNK- deficits )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP (NP (NAC Chancellor (PP of (NP the Exchequer )NP )PP )NAC Nigel Lawson 's )NP restated commitment )NP (PP to (NP a firm monetary policy )NP )PP )NP (VP has (VP helped (S (VP to (VP prevent (NP (NP a *UNK )NP (PP in (NP sterling )NP )PP )NP (PP over (NP the past week )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S But (NP analysts )NP (VP *UNK (SBAR (S (NP (NP underlying support )NP (PP for (NP sterling )NP )PP )NP (VP has (VP been (VP *UNKED (PP by (NP (NP the chancellor 's )NP failure (S (VP to (VP announce (NP any new policy measures )NP (PP in (NP his *UNKC House speech )NP )PP (NP last Thursday )NP )VP )VP )S )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP This )NP (VP has (VP increased (NP (NP the risk )NP (PP of (S (NP the government )NP (VP being (VP forced (S (VP to (VP increase (NP base rates )NP (PP to (NP 16 % )NP )PP (PP from (NP their current (ADJP 15 % )ADJP level )NP )PP (S (VP to (VP defend (NP the pound )NP )VP )VP )S )VP )VP )S )VP )VP )S )PP )NP )VP )VP )S , (NP (NP economists )NP and (NP foreign exchange market analysts )NP )NP (VP say )VP . )S  STOP
(SINV `` (S (NP (NP The risks )NP (PP for (NP sterling )NP )PP (PP of (NP a bad trade figure )NP )PP )NP (VP are (ADVP very heavily )ADVP (PP on (NP the down side )NP )PP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP senior U.K. economist )NP (PP at (NP Nomura Research Institute )NP )PP )NP )NP . )SINV  STOP
(SINV `` (S (SBAR If (S (NP there )NP (VP is (NP another bad trade number )NP )VP )S )SBAR , (NP there )NP (VP could (VP be (NP (NP an awful lot )NP (PP of (NP pressure )NP )PP )NP )VP )VP )S , '' (VP noted )VP (NP (NP *UNKC *UNKC )NP , (NP (NP U.K. economist )NP (PP for (NP (NP Midland *UNKC )NP , (NP (NP a unit )NP (PP of (NP Midland Bank PLC )NP )PP )NP )NP )PP )NP )NP . )SINV  STOP
(S (S (NP (NP *UNKC )NP (PP for (NP the trade figures )NP )PP )NP (VP range (ADVP widely )ADVP )VP )S , but (S (NP few economists )NP (VP expect (S (NP the data )NP (VP to (VP show (NP (NP a (ADJP very marked )ADJP improvement )NP (PP from (NP (NP the (ADJP (ADJP (QP # 2 billion )QP )ADJP (PRN -LRB- (ADJP (QP $ 3.2 billion )QP )ADJP -RRB- )PRN )ADJP deficit )NP (PP in (NP the current account )NP )PP (VP reported (PP for (NP August )NP )PP )VP )NP )PP )NP )VP )VP )S )VP )S . )S  STOP
(S (NP (NP The August deficit )NP and (NP (NP the (ADJP (QP # 2.2 billion )QP )ADJP gap )NP (VP registered (PP in (NP July )NP )PP )VP )NP )NP (VP are (VP topped (PP (ADVP only )ADVP by (NP (NP the (ADJP (QP # 2.3 billion )QP )ADJP deficit )NP (PP of (NP October 1988 )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP European economist )NP (PP at (NP *UNKING Brothers & Co. )NP )PP )NP , )NP (VP said (SBAR (S (NP there )NP (VP is (NP no sign (SBAR that (S (NP (NP Britain 's )NP manufacturing industry )NP (VP is (VP *UNKING (NP itself )NP (S (VP to (VP boost (NP exports )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (PP At (NP the same time )NP )PP , (NP he )NP (VP remains (ADJP fairly pessimistic (PP about (NP (NP the outlook )NP (PP for (NP imports )NP )PP )NP )PP )ADJP , (PP given (NP continued high consumer and capital goods *UNK )NP )PP )VP . )S  STOP
(S (NP He )NP (VP *UNK (SBAR (S (NP the current account deficit )NP (VP will (VP narrow (PP to (NP (QP only # 1.8 billion )QP )NP )PP (PP in (NP September )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP However )ADVP , (NP Mr. *UNKC )NP (VP said (SBAR (S (NP he )NP (VP believes (SBAR that (S (NP (NP a reduction )NP (PP in (NP raw material *UNKING )NP )PP (PP by (NP industry )NP )PP )NP (VP could (VP lead (PP to (NP (NP a sharp drop )NP (PP in (NP imports )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP *UNKED (PP with (NP (NP (ADVP at least )ADVP some rebound )NP (PP in (NP exports )NP )PP (PP after (NP (NP August 's )NP unexpected decline )NP )PP )NP )PP )PP , (NP the deficit )NP (VP could (VP narrow (PP to (NP (QP as little as # 1.3 billion )QP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (ADVP also )ADVP (VP forecasts (NP a (ADJP (QP # 1.3 billion )QP )ADJP current account gap )NP )VP )S )SBAR , )NP (VP warns (SBAR that (S (SBAR even if (S (NP the trade figures )NP (VP are (ADJP bullish )ADJP (PP for (NP sterling )NP )PP )VP )S )SBAR , (NP the currency )NP (VP wo n't (VP advance (NP much )NP (SBAR because (S (NP investors )NP (VP will (VP want (S (VP to (VP see (NP (NP further evidence )NP (PP of (NP the turnaround )NP )PP )NP (PP before (S (VP *UNKING (NP positions )NP )VP )S )PP )VP )VP )S )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Nevertheless )ADVP (PRN , (S (NP he )NP (VP noted )VP )S , )PRN `` (NP No one )NP (VP will (VP want (S (VP to (VP go (PP into (NP the trade figures )NP )PP (PP without (NP (NP a flat position )NP '' (PP in (NP the pound )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP overall evidence )NP (PP on (NP the economy )NP )PP )NP (VP remains (ADJP fairly *UNKED )ADJP )VP . )S  STOP
(S (PP In (NP his *UNKC House speech )NP )PP , (NP Mr. Lawson )NP (VP warned (SBAR that (S (NP a further slowdown )NP (VP can (VP be (VP expected (SBAR as (S (NP (NP the impact )NP (PP of (NP (NP the last rise )NP (PP in (NP interest rates )NP )PP (NP earlier this month )NP )NP )PP )NP (VP takes (NP effect )NP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP U.K. base rates )NP (VP are (PP at (NP (NP their highest level )NP (PP in (NP eight years )NP )PP )NP )PP )VP . )S  STOP
(S But (NP (NP consumer *UNK data )NP (VP released (NP Friday )NP )VP )NP (VP do n't (VP suggest (SBAR that (S (NP the U.K. economy )NP (VP is (VP slowing (ADVP that quickly )ADVP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The figures )NP (VP show (SBAR that (S (NP spending )NP (VP (VP rose (NP 0.1 % )NP (PP in (NP the third quarter )NP )PP (PP from (NP the second quarter )NP )PP )VP and (VP was (ADVP up (NP 3.8 % )NP )ADVP (PP from (ADVP (NP a year )NP ago )ADVP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP This )NP (VP compares (PP with (NP (NP (NP a (ADJP 1.6 % )ADJP rise )NP (PP in (NP the second )NP )PP (PP from (NP the first quarter )NP )PP )NP and (NP (NP a (ADJP 5.4 % )ADJP increase )NP (PP from (NP (NP the second quarter )NP (PP of (NP 1988 )NP )PP )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP the data )NP (VP show (SBAR (S (NP the economy )NP `` (VP is (ADVP still )ADVP (ADJP quite strong )ADJP )VP )S )SBAR )VP )S , '' but (S (NP suggestions (SBAR that (S (NP (NP much )NP (PP of (NP the spending )NP )PP )NP (VP went (PP on (NP (NP services )NP (PP rather than (NP consumer goods )NP )PP )NP )PP )VP )S )SBAR )NP (VP should (VP reduce (NP (NP fears )NP (PP of (NP more import rises )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP the chancellor )NP (VP has (VP made (S (NP (NP it )NP )NP (ADJP clear )ADJP (SBAR that (S (NP he )NP (VP is (VP prepared (S (VP to (VP increase (NP interest rates )NP (ADVP again )ADVP (SBAR if (FRAG (ADJP necessary )ADJP )FRAG )SBAR (S (VP to (VP both ensure (SBAR (SBAR that (S (NP a substantial slowdown )NP (VP does (VP take (NP place )NP )VP )VP )S )SBAR and (SBAR that (S (NP sterling )NP (VP does n't (VP decline (ADVP further )ADVP )VP )VP )S )SBAR )SBAR )VP )VP )S )VP )VP )S )VP )VP )S )SBAR )S )VP )VP . )S  STOP
(S (NP Thursday )NP , (NP he )NP (VP *UNKED (NP his audience )NP (SBAR that (S (NP the government )NP `` (VP can not (VP allow (S (NP (NP the necessary *UNK )NP (PP of (NP monetary policy )NP )PP )NP (VP to (VP be (VP *UNKED (PP by (NP exchange rate weakness )NP )PP )VP )VP )VP )S )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Analysts )NP (VP agree (SBAR (S (NP there )NP (VP is (NP (NP little )NP (VP holding (S (NP sterling )NP (ADJP firm )ADJP )S )VP )NP (PP at (NP the moment )NP )PP (ADJP other (PP than (NP (NP Mr. Lawson 's )NP promise (SBAR that (S (NP rates )NP (VP will (VP be (VP pushed (S (ADJP higher )ADJP )S (SBAR if (FRAG (ADJP necessary )ADJP )FRAG )SBAR )VP )VP )VP )S )SBAR )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S And (PRN , (S (NP they )NP (VP *UNK )VP )S , )PRN (NP (NP any further drop )NP (PP in (NP (NP the government 's )NP popularity )NP )PP )NP (VP could (ADVP swiftly )ADVP (VP make (S (NP this promise )NP (VP sound (ADJP *UNK )ADJP )VP )S )VP )VP . )S  STOP
(S (NP Sterling )NP (VP was (ADVP already )ADVP (VP showing (NP (NP some signs )NP (PP of (NP (NP a lack )NP (PP of (NP (NP confidence )NP (PP in (NP (NP Mr. Lawson 's )NP promise )NP )PP )NP )PP )NP )PP )NP (NP Friday )NP )VP )VP . )S  STOP
(S (PP In (NP European trading )NP )PP (NP it )NP (VP declined (PP to (NP (NP $ *UNKN )NP and (NP *UNKN marks )NP )NP )PP (PP from (NP (NP $ *UNKN )NP and (NP *UNKN marks )NP )NP )PP (NP late Thursday )NP )VP . )S  STOP
(S (NP Economists )NP (VP suggested (SBAR that (S (SBAR if (S (NP the pound )NP (VP falls (PP (NP much )NP below (NP *UNKN marks )NP )PP )VP )S )SBAR , (NP the government )NP (VP will (VP be (VP forced (S (VP to (VP increase (NP rates )NP (PP to (NP 16 % )NP )PP , (S (VP both to (VP (VP halt (NP any further decline )NP )VP and (VP ensure (SBAR that (S (NP (NP the balance )NP (PP of (NP monetary policy )NP )PP )NP (VP remains (ADJP unchanged )ADJP )VP )S )SBAR )VP )VP )VP )S )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(NP (NP Friday 's )NP Market Activity )NP  STOP
(S (NP The dollar )NP (VP posted (NP gains )NP (PP in (NP quiet trading )NP )PP (SBAR as (S (NP (NP concerns )NP (PP about (NP equities )NP )PP )NP (VP *UNKED )VP )S )SBAR )VP . )S  STOP
(S (NP Foreign exchange dealers )NP (VP said (SBAR that (S (NP the currency market )NP (VP has (VP begun (S (VP to (VP distance (NP itself )NP (PP from (NP (NP the volatile stock exchange )NP , (SBAR (WHNP which )WHNP (S (VP has (VP *UNKED (NP the market )NP (PP since (NP (NP Oct. 13 )NP , (SBAR (WHADVP when )WHADVP (S (NP the Dow Jones Industrial Average )NP (VP plunged (NP (QP more than 190 )QP points )NP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC analysts )NP (VP predict (SBAR that (S (PP in (NP the coming week )NP )PP (NP the foreign exchange market )NP (VP will (VP shift (NP its focus )NP (ADVP back (PP to (NP economic fundamentals )NP )PP )ADVP , (S (VP keeping (NP (NP a close eye )NP (ADVP out )ADVP )NP (PP for (NP (NP any signs )NP (PP of (NP (NP monetary easing )NP (PP by (NP U.S. Federal Reserve )NP )PP )NP )PP )NP )PP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Late (PP in (NP the New York trading day )NP )PP )ADVP , (NP the dollar )NP (VP was (VP quoted (PP at (NP (NP *UNKN marks )NP , (ADVP up (PP from (NP (NP 1.8470 marks )NP (NP late Thursday )NP (PP in (NP New York )NP )PP )NP )PP )ADVP )NP )PP )VP )VP . )S  STOP
(S (NP The U.S. currency )NP (VP was (ADVP also )ADVP (VP changing (NP hands )NP (PP at (NP (NP *UNKN yen )NP , (ADVP up (PP from (NP (NP *UNKN yen )NP (PP in (NP New York )NP )PP (NP late Thursday )NP )NP )PP )ADVP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP Tokyo )NP )PP (PP on (NP Monday )NP )PP , (NP the U.S. currency )NP (VP opened (PP for (NP trading )NP )PP (PP at (NP (NP *UNKN yen )NP , (ADVP up (PP from (NP (NP (NP Friday 's )NP Tokyo close )NP (PP of (NP *UNKN yen )NP )PP )NP )PP )ADVP )NP )PP )VP . )S  STOP
(S (PP On (NP the Commodity Exchange )NP )PP (PP in (NP New York )NP )PP , (NP (NP gold )NP (PP for (NP current delivery )NP )PP )NP (VP settled (PP at (NP (NP $ *UNKN )NP (NP an ounce )NP )NP )PP , (ADVP up (NP 20 cents )NP )ADVP )VP . )S  STOP
(S (NP Estimated volume )NP (VP was (NP a light (QP 2.4 million )QP ounces )NP )VP . )S  STOP
(S (PP In (NP early trading )NP )PP (PP in (NP Hong Kong )NP )PP (NP Monday )NP , (NP gold )NP (VP was (VP quoted (PP at (NP (NP $ *UNKN )NP (NP an ounce )NP )NP )PP )VP )VP . )S  STOP
(S (NP East Rock Partners Limited Partnership )NP (VP said (SBAR (S (NP it )NP (VP proposed (S (VP to (VP acquire (NP *UNKC Green Industries Inc. )NP (PP for (NP (NP $ 40 )NP (NP a share )NP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP an Oct. 19 letter )NP (PP to (NP (NP *UNKC Green 's )NP board )NP )PP )NP )PP , (NP East Rock )NP (VP said (SBAR (S (NP the offer )NP (VP is (ADJP subject (PP to (NP (NP the signing )NP (PP of (NP a merger agreement )NP )PP (PP by (ADVP (ADVP no later )ADVP (PP than (NP Oct. 31 )NP )PP )ADVP )PP )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP The letter )NP , (S (VP attached (PP to (NP (NP a filing )NP (PP with (NP the Securities and Exchange Commission )NP )PP )NP )PP )VP )S , (VP said (SBAR (S (NP the approval )NP (VP is (ADVP also )ADVP (ADJP *UNK (PP upon (S (VP obtaining (NP *UNK financing )NP )VP )S )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP An *UNKC Green official )NP (VP declined (S (VP to (VP comment (PP on (NP the filing )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The (ADJP $ *UNK- )ADJP proposal )NP (VP values (NP the company )NP (PP at (NP (QP about $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP *UNKC Green )NP (ADVP currently )ADVP (VP has (NP (NP *UNKN shares )NP (ADJP outstanding )ADJP )NP )VP . )S  STOP
(S (NP Its stock )NP (VP closed (PP at (NP $ 38 )NP )PP , (ADVP up (NP $ *UNKN )NP )ADVP , (PP in (NP national over-the-counter trading )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP is (NP (NP a (NAC Mexico , *UNKC , )NAC maker )NP (PP of (NP *UNK products )NP )PP )NP )VP . )S  STOP
(S (NP East Rock )NP (ADVP also )ADVP (VP said (PP in (NP the filing )NP )PP (SBAR that (S (NP it )NP (VP boosted (NP (NP its stake )NP (PP in (NP *UNKC Green )NP )PP )NP (PP to (NP *UNKN % )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (ADVP now )ADVP (VP holds (NP (NP *UNKN A.P. Green common shares )NP , (PP including (NP (NP 30,000 shares )NP (VP bought (NP last Thursday )NP (PP for (NP (NP (QP $ *UNKN to $ *UNKN )QP )NP (NP a share )NP )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(S (NP (ADJP New York-based )ADJP (NX (NX John *UNKC )NX and (NX Robert *UNKC )NX )NX )NP (VP control (NP (NP East Rock Partners Inc. )NP , (NP (NP the sole general partner )NP (PP of (NP East Rock Partners *UNKC )NP )PP )NP )NP )VP . )S  STOP
(S (NP (NP The sole limited partner )NP (PP of (NP the partnership )NP )PP )NP (VP is (NP (NP *UNKC *UNKC *UNKC Inc. )NP , (NP (NP an indirect subsidiary )NP (PP of (NP *UNKC Group Inc )NP )PP )NP )NP )VP . )S  STOP
(S (NP Both (NP *UNKC *UNKC )NP and (NP *UNKC Group )NP )NP (VP are (VP based (PP in (NP Boston )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC rates )NP , (S (VP declining (PP for (NP (NP most )NP (PP of (NP the decade )NP )PP )NP )PP (PP because of (NP (NP competition )NP (VP *UNKED (PP by (NP deregulation )NP )PP )VP )NP )PP )VP )S , (VP are (VP (VP *UNKING (PRT out )PRT )VP , (VP turning (ADVP upward )ADVP )VP and (VP threatening (S (VP to (VP fuel (NP inflation )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP *UNKING , shipping and *UNK- companies )NP (VP have (VP announced (NP (NP rate increases )NP , (VP scheduled (PP for (NP (NP this fall )NP or (NP early next year )NP )NP )PP )VP , (VP reflecting (NP (NP higher costs )NP and (NP (NP *UNKED demand )NP (PP for (NP freight transport )NP )PP )NP )NP )VP )NP )VP )VP . )S  STOP
(S (NP Major shippers )NP (VP say (SBAR (S (NP they )NP (VP expect (S (NP freight rates )NP (VP to (VP rise (ADVP (ADVP (ADVP (ADVP at least )ADVP as fast )ADVP (PP as (NP inflation )NP )PP )ADVP and maybe (ADVP faster )ADVP )ADVP (PP in (NP the next few years )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP 's (NP (NP a big change )NP (PP from (NP (NP recent years )NP (SBAR (WHADVP when )WHADVP (S (NP freight *UNK )NP (VP was (NP (NP a bright spot )NP (PP for (NP U.S. productivity )NP )PP )NP , (S (VP helping (S (VP to (VP (VP *UNK (NP inflation )NP )VP and (VP make (S (NP U.S. industry )NP (ADJP more competitive )ADJP (ADVP abroad )ADVP )S )VP )VP )VP )S )VP )S )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(SINV `` (S (S (NP Demand )NP (VP has (VP caught (PRT up )PRT (PP with (NP (NP the supply )NP (PP of (NP (NP certain types )NP (PP of (NP freight transportation )NP )PP )NP )PP )NP )PP )VP )VP )S , and (S (NP rates )NP (VP are (VP starting (S (VP to (VP move (ADVP up )ADVP '' (PP at (NP (NP a rate )NP `` (ADJP (ADJP close (PP to )PP )ADJP or (ADJP slightly more (PP than )PP )ADJP (NP the inflation rate )NP )ADJP )NP )PP )VP )VP )S )VP )VP )S )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP director )NP (PP of (NP *UNK )NP )PP (PP at (NP Du Pont Co )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP *UNKC )NP (VP surveyed (ADVP recently )ADVP (PP by (NP Ohio State University )NP )PP )VP )NP (VP said (SBAR (S (NP they )NP (VP expect (S (NP their *UNK- , storage and distribution costs )NP (VP to (VP rise (NP (QP about 4 )QP % )NP (NP this year )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (QP Only 10 )QP % )NP (PP of (NP (NP the 250 shippers )NP (VP polled )VP )NP )PP )NP (VP expected (S (NP their *UNK- costs )NP (VP to (VP decrease )VP )VP )S , (PP compared (PP with (NP (NP 30 % )NP (SBAR (WHNP who )WHNP (S (VP had (VP looked (PP to (NP freight transport )NP )PP (S (VP to (VP reduce (NP costs )NP (PP in (NP past years )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )PP )PP )VP . )S  STOP
(SINV `` (S (NP This )NP (VP is (NP (NP the first year )NP (PP since (NP (NP transportation deregulation )NP (PP in (NP 1980 )NP )PP )NP )PP (SBAR (WHADVP that )WHADVP (S (NP we )NP (VP have (VP had (NP (NP such a (ADJP dramatic and *UNKED )ADJP *UNK )NP (PP in (NP perceived transportation rates )NP )PP )NP )VP )VP )S )SBAR )NP )VP )S , '' (VP said )VP (NP (NP Bernard *UNKC )NP , (NP (NP a transportation *UNK professor )NP (PP at (NP (NP Ohio State )NP (PP in (NP Columbus )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP The deregulation )NP (PP of (NP *UNK and trucking companies )NP )PP (SBAR (WHNP that )WHNP (S (VP began (PP in (NP 1980 )NP )PP )VP )S )SBAR )NP (VP *UNKED (S (NP shippers )NP (VP to (VP bargain (PP for (NP transportation )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (VP could (VP use (NP their equipment )NP (ADVP more *UNKLY )ADVP , (S (VP leading (PP to (NP (NP overcapacity )NP (SBAR (S (NP they )NP (VP were (ADJP eager (S (VP to (VP fill )VP )VP )S )ADJP )VP )S )SBAR )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP cut (NP about (QP $ 35 billion )QP )NP (PP from (NP their annual , *UNK- truck and *UNK costs )NP )PP , (FRAG (PP to (NP (NP (QP about $ 150 billion )QP )NP , or (NP (NP (QP about 6.4 )QP % )NP (PP of (NP gross national product )NP )PP )NP , (ADVP down (PP from (NP (NP 8 % )NP (PP of (NP GNP )NP )PP (PP in (NP 1981 )NP )PP )NP )PP )ADVP )NP )PP )FRAG )VP . )S  STOP
(S But (PP with (NP (NP much )NP (PP of (NP the *UNK )NP )PP (VP squeezed (PP out (PP of (NP the *UNK- system )NP )PP )PP )VP )NP )PP , (NP rising costs )NP (VP are (ADJP likely (S (VP to (VP be (VP reflected (ADVP directly )ADVP (PP in (NP higher freight rates )NP )PP )VP )VP )VP )S )ADJP )VP . )S  STOP
(SINV `` (S (NP *UNKC )NP (VP are (VP saying ` (S (NP the party )NP (VP 's (ADJP over )ADJP )VP )S )VP )VP )S , ' '' (VP said )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S `` (NP *UNKC )NP (VP wo n't (VP be (ADJP able (S (VP to (VP look (PP for (NP *UNK- savings )NP )PP (SBAR as (S (NP they )NP (VP have (VP (PP for (NP the last (QP eight or nine )QP years )NP )PP )VP )VP )S )SBAR )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (NP *UNKC rates )NP (VP wo n't (VP be (NP (NP an opportunity )NP (PP for (S (VP offsetting (NP (NP cost increases )NP (PP in (NP (NP other segments )NP (PP of (NP the economy )NP )PP )NP )PP )NP )VP )S )PP )NP )VP )VP . '' )S  STOP
(S (NP (NP Robert *UNKC )NP , (NP (NP a consultant )NP (PP at (NP (NP Arthur D. Little Inc. )NP , (NP (NP Cambridge )NP , (NP Mass. )NP )NP )NP )PP )NP , )NP (VP said `` (S (NP We )NP (VP 've (VP gotten (NP (NP all the benefits )NP (PP of (NP deregulation )NP )PP )NP (PP in (NP *UNK- reductions )NP )PP )VP )VP )S )VP . )S  STOP
(S (ADVP Now )ADVP (NP we )NP (VP are (VP starting (S (VP to (VP see (NP real *UNK- increases )NP )VP )VP )S (SBAR as (S (NP carriers )NP (VP (VP replace (NP equipment )NP )VP , (VP pay (NP higher fuel costs )NP )VP and (VP pay (NP more )NP (PP for (NP labor )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP You )NP (VP 'll (VP see (S (NP carriers )NP (VP try (S (VP to (VP *UNK (NP (NP some )NP (PP of (NP (NP the price cutting )NP (SBAR (WHNP that )WHNP (S (VP occurred (ADVP previously )ADVP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP )S )VP )VP . '' )S  STOP
(S (NP Not everyone )NP (VP believes (SBAR that (S (NP the good times )NP (VP are (ADJP over )ADJP (PP for (NP shippers )NP )PP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP There )NP (VP 's (ADVP still )ADVP (NP (NP a lot )NP (PP of (NP (NP pressure )NP (PP on (NP rates )NP )PP )NP )PP )NP (PP in (NP both *UNK and truck )NP )PP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP *UNK )NP (PP in (NP transportation )NP )PP (PP at (NP (NP Massachusetts Institute )NP (PP of (NP Technology )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP *UNKC companies )NP , (SBAR (WHNP which )WHNP (S (VP carry (NP (NP the freight )NP (PP of (NP several shippers )NP )PP )NP (PP in (NP each truck *UNK )NP )PP )VP )S )SBAR , )NP (VP discounted (ADVP away )ADVP (NP (NP a (ADJP 4.7 % )ADJP rate increase )NP (VP implemented (NP last April )NP )VP )NP )VP . )S  STOP
(S (NP The carriers )NP (VP were (VP competing (ADVP fiercely )ADVP (PP for (NP market share )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC increases )NP (VP are (ADJP likely (S (VP to (VP be (VP *UNKED (PP by (NP (NP weakening *UNK- levels )NP and (NP (NP keen competition )NP (PP for (NP freight )NP )PP (PP from (NP trucks )NP )PP )NP )NP )PP )VP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP (NP An official )NP (PP at (NP (NP Consolidated *UNKC Inc. )NP , (NP a (NAC *UNKC Park , Calif. , )NAC *UNK- carrier )NP , )NP )PP )NP (VP said (SBAR (S (NP (NP rate discounting )NP (PP in (NP that industry )NP )PP )NP (VP has (VP begun (S (VP to `` (VP stabilize )VP )VP )S )VP )VP )S )SBAR )VP . '' )S  STOP
(S (S (NP Consolidated *UNKC )NP (VP plans (S (VP to (VP raise (NP its rates )NP (NP 5.3 % )NP (NP (NP late this year )NP or (NP early next year )NP )NP )VP )VP )S )VP )S , and (S (NP (QP at least two )QP competitors )NP (VP have (VP announced (NP similar increases )NP )VP )VP )S . )S  STOP
(SINV (S (NP *UNKC )NP (VP are `` (VP trying (S (VP to (VP send (NP signals (SBAR that (S (NP they )NP (VP need (S (VP to (VP (VP stop (NP the *UNKING )NP )VP , (VP forget (PP about (NP market share )NP )PP )VP and (VP go (PP for (NP higher rates )NP )PP )VP )VP )VP )S )VP )S )SBAR )NP )VP )VP )S )VP )VP )S , '' (VP said )VP (NP (NP Michael Lloyd )NP , (NP (NP an analyst )NP (PP at (NP Salomon *UNKC )NP )PP )NP )NP . )SINV  STOP
(S (S And `` (NP shippers )NP (VP are (VP getting (NP the feeling (SBAR that (S (NP they )NP (VP have (VP played (NP one *UNK )NP (ADVP off (PP against (NP another )NP )PP )ADVP (NP (NP as much )NP (SBAR as (S (NP they )NP (VP can )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP *UNKC carriers )NP (VP raised (NP (NP their rates )NP (PP for (NP (NP U.S. products )NP (VP going (PP across (NP the Pacific )NP )PP (PP to (NP Asia )NP )PP )VP )NP )PP )NP (PP by (NP (QP about 20 )QP % )NP )PP (NP earlier this month )NP )VP . )S  STOP
(S And (NP Japan Air Lines )NP (VP said (SBAR (S (NP it )NP (VP plans (S (VP to (VP boost (NP its rates )NP (NP a further 25 % )NP (PP over (NP the next two years )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP Such rate increases )NP `` (VP will (VP (VP increase (NP (NP the total cost )NP (PP of (NP U.S. products )NP )PP )NP )VP and (VP slow (PRT down )PRT (NP (NP the rate )NP (PP of (NP increase )NP )PP (PP of (NP U.S. exports )NP )PP )NP )VP )VP )VP )S , '' (VP said )VP (NP (NP Richard *UNKC )NP , (NP (NP a senior vice president )NP (PP of (NP (NP *UNKC Air & Sea Service *UNKC Inc. )NP , (NP (NP the U.S. *UNKING subsidiary )NP (PP of (NP (NP Nippon *UNKC *UNKC )NP (PP of (NP Japan )NP )PP )NP )PP )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP *UNKC companies )NP (VP carrying (NP (NP bulk commodities )NP , (PP such as (NP (NP oil )NP , (NP grain )NP , (NP coal )NP and (NP iron *UNK )NP )NP )PP )NP )VP , )NP (VP have (VP been (ADJP able (S (VP to (VP increase (NP their rates )NP (PP in (NP (NP the last couple )NP (PP of (NP years )NP )PP )NP )PP )VP )VP )S )ADJP )VP )VP . )S  STOP
(SINV (S (NP Some bulk shipping rates )NP (VP have (VP increased `` (NP (QP 3 % to 4 % )QP )NP (PP in (NP the past few months )NP )PP )VP )VP )S , '' (VP said )VP (NP (NP Salomon 's )NP Mr. Lloyd )NP . )SINV  STOP
(S And (NP (NP ship lines )NP (VP carrying (NP *UNK )NP )VP )NP (VP are (ADVP also )ADVP (VP trying (S (VP to (VP raise (NP their rates )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP boosted (NP (NP rates )NP )NP (NP (QP more than 10 )QP % )NP (PP in (NP (NP the North Atlantic )NP (PP between (NP (NP the U.S. )NP and (NP Europe )NP )NP )PP )NP )PP (NP last September )NP , (S (VP hoping (S (VP to (VP (ADVP partly )ADVP restore (NP rates )NP (PP to (NP earlier levels )NP )PP )VP )VP )S )VP )S )VP . )S  STOP
(S (NP (NP *UNKC lines )NP (VP operating (PP in (NP the Pacific )NP )PP )VP )NP (VP plan (S (VP to (VP raise (NP (NP rates )NP (PP on (NP (NP *UNK )NP (VP carrying (NP U.S. exports )NP (PP to (NP Asia )NP )PP )VP )NP )PP )NP (NP about 10 % )NP , (S (ADJP effective (NP next April )NP )ADJP )S )VP )VP )S )VP . )S  STOP
(S (NP MGM Grand Inc. )NP (VP said (SBAR (S (NP it )NP (VP filed (NP (NP a registration statement )NP )NP (PP with (NP the Securities and Exchange Commission )NP )PP (PP for (NP (NP a public offering )NP (PP of (NP (QP six million )QP common shares )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The (ADJP Beverly Hills , *UNKED )ADJP company )NP (VP said (SBAR (S (NP it )NP (VP would (VP have (NP (NP (QP *UNKN million )QP common shares )NP (ADJP outstanding )ADJP )NP (PP after (NP the offering )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The hotel and *UNKING company )NP (VP said (SBAR (S (NP Merrill Lynch Capital Markets )NP (VP will (VP lead (NP the underwriters )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Proceeds )NP (PP from (NP the sale )NP )PP )NP (VP will (VP be (VP used (PP (PP for (NP remodeling and *UNKING projects )NP )PP , as well as (PP for (NP the planned MGM Grand *UNK and theme park )NP )PP )PP )VP )VP )VP . )S  STOP
(S (NP Bob Stone )NP (VP *UNKED (PP over (NP (NP a letter )NP (PP from (NP his manager )NP )PP (VP putting (S (NP him )NP (PP on (NP *UNK )NP )PP )S (PP for (NP *UNK )NP )PP )VP )NP )PP )VP . )S  STOP
(S (S (NP Mr. Stone )NP (VP thought (SBAR (S (NP the discipline )NP (VP was (ADJP unfair )ADJP )VP )S )SBAR )VP )S ; (S (NP he )NP (VP believed (SBAR that (S (NP his manager )NP (VP wanted (S (VP to (VP get (ADJP rid (PP of (NP him )NP )PP )ADJP )VP )VP )S (PP for (NP personal reasons )NP )PP )VP )S )SBAR )VP )S . )S  STOP
(S (S (ADJP *UNKC (S (VP to (VP persuade (NP the manager )NP (S (VP to (VP change (NP his decision )NP )VP )VP )S )VP )VP )S )ADJP )S , (NP he )NP (VP went (PP to (NP a `` company court '' )NP )PP (PP for (NP a hearing )NP )PP )VP . )S  STOP
(S (PP At (NP the scheduled time )NP )PP , (NP Mr. Stone )NP (VP entered (NP (NP a conference room )NP (PP in (NP (NP a building )NP (PP near (SBAR (WHADVP where )WHADVP (S (NP he )NP (VP worked )VP )S )SBAR )PP )NP )PP )NP )VP . )S  STOP
(S (SBAR After (S (NP (NP the three members )NP (PP of (NP the court )NP )PP )NP (VP introduced (NP themselves )NP )VP )S , )SBAR (NP (NP the chairman )NP (PP of (NP the panel )NP )PP )NP (VP said : `` (S (VP (VP *UNK (ADVP ahead )ADVP )VP and (VP tell (NP us )NP (SBAR (WHNP what )WHNP (S (VP happened )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (S (NP We )NP (VP may (VP ask (NP questions )NP (SBAR as (S (NP you )NP (VP go (PRT along )PRT )VP )S )SBAR )VP )VP )S , or (S (NP we )NP (VP may (VP wait (PP until (NP the end )NP )PP )VP )VP )S . '' )S  STOP
(S (NP No (NX (NX lawyers )NX or (NX tape recorders )NX )NX )NP (VP were (ADJP present )ADJP )VP . )S  STOP
(S (NP The only extra people )NP (VP were (NP (NP a couple )NP (PP of (NP personnel specialists )NP )PP , (SBAR (WHNP one (WHPP of (WHNP whom )WHNP )WHPP )WHNP (S (VP (VP knew (NP (NP Mr. Stone 's )NP case )NP (ADVP *UNKLY )ADVP )VP and (VP would (VP help (S (VP fill (PRT in )PRT (NP (NP any facts )NP (VP needed (S (VP to (VP give (NP the court )NP (NP the full picture )NP )VP )VP )S )VP )NP )VP )S )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP Over (NP (NP a *UNK )NP (PP of (NP coffee )NP )PP )NP )PP , (NP Mr. Stone )NP (VP told (NP his story )NP )VP . )S  STOP
(S (NP He )NP (VP talked (NP (QP about 20 )QP minutes )NP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP he )NP (VP was (ADJP through )ADJP )VP )S )SBAR , (S (NP the court members )NP (VP asked (NP many questions )NP )VP )S , (ADVP then )ADVP (S (NP the chairman )NP (VP said (SBAR (S (NP they )NP (VP would (VP like (S (VP to (VP (VP hear (NP (NP his manager 's )NP side )NP )VP and (VP talk (PP to (NP witnesses )NP )PP )VP )VP )VP )S )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP The chairman )NP (VP promised (NP Mr. Stone )NP (NP (NP a decision )NP (PP within (NP two weeks )NP )PP )NP )VP . )S  STOP
(S (NP Bob Stone )NP (VP is (NP a *UNK name )NP )VP , but (S (NP (NP the incident )NP (VP described )VP )NP (VP is (ADJP real )ADJP )VP )S . )S  STOP
(S (NP It )NP (VP happened (PP at (NP (NP Northrop Corp. )NP (PP in (NP Los Angeles )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP The court )NP (VP is (VP called (S (NP (NP the Management Appeals Committee )NP , or (NP just `` (NX *UNKC )NX )NP )NP )S )VP )VP )S , '' and (S (NP it )NP (VP is (ADJP likely (S (VP to (VP hear (NP (NP (QP a couple of dozen )QP cases )NP (NP a year )NP )NP )VP )VP )S )ADJP )VP )S . )S  STOP
(S (S (VP *UNKC (NP (NP some details )NP (PP of (NP this example )NP )PP )NP )VP )S and (S (NP it )NP (VP could (VP be (VP taking (NP place )NP (ADVP today )ADVP (PP at (NP (NP (NP Federal Express )NP (PP in (NP *UNKC )NP )PP )NP , (NP (NP the Defense and *UNKC Systems divisions )NP (PP of (NP Honeywell )NP )PP (PP in (NP Minneapolis )NP )PP )NP , (NP (NP a General Electric plant )NP (PP in (NP (NP Columbia )NP , (NP Md. )NP )NP )PP )NP , or (NP (NP a number )NP (PP of (NP other companies )NP )PP )NP )NP )PP )VP )VP )VP )S . )S  STOP
(S (NP These firms )NP (VP are (NP (NP *UNK )NP (PP in (NP (NP (NP a significant new trend )NP (PP in (NP the corporate world )NP )PP )NP : (NP (NP the rise )NP (PP of (SBAR (WHNP what )WHNP (S (NP I )NP (VP call (S (NP corporate due process )NP )S )VP )S )SBAR )PP )NP )NP )PP )NP )VP . )S  STOP
(S (SBAR Although (S (NP corporate due process )NP (VP is (VP practiced (NP today )NP (PP in (NP (NP few companies )NP (PRN -- (ADVP perhaps )ADVP (NP (QP 40 to 60 )QP )NP -- )PRN )NP )PP )VP )VP )S )SBAR (NP it )NP (VP is (NP (NP one )NP (PP of (NP (NP the *UNK developing trends )NP (PP in (NP industry )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP the coming decade )NP )PP (NP (NP a majority )NP (PP of (NP *UNKED companies )NP )PP )NP (VP are (ADJP likely (S (VP to (VP adopt (NP it )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP Corporate due process )NP (VP appeals (PP to (NP management )NP )PP (PP for (NP (NP a variety )NP (PP of (NP reasons )NP )PP )NP )PP )VP . )S  STOP
(S (NP It )NP (VP reduces (NP (NP lawsuits )NP (PP from (NP *UNKED employees and *UNK- )NP )PP )NP , (PP with (NP (NP all )NP (SBAR (S (NP that )NP (VP means (PP for (NP (NP reduced legal costs )NP and (NP better public relations )NP )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP It )NP (VP helps (S (VP to (VP keep (PRT out )PRT (NP unions )NP )VP )VP )S )VP . )S  STOP
(S (NP It )NP (VP increases (NP (NP employee commitment )NP (PP to (NP the company )NP )PP )NP , (PP with (NP (NP all )NP (SBAR (S (NP that )NP (VP means (PP for (NP (NP efficiency )NP and (NP quality control )NP )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(SBARQ (WHNP What )WHNP (SQ must (NP your management team )NP (VP do (S (VP to (VP establish (NP corporate due process )NP )VP )VP )S )VP )SQ ? )SBARQ  STOP
(SINV (ADVP Here )ADVP (VP are )VP (NP four key steps )NP : )SINV  STOP
(S (LST 1 . )LST (VP *UNKC (ADJP sure (SBAR (S (NP you )NP (VP have (NP a strong personnel department )NP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (S (NP It )NP (VP must (VP be (ADJP able (S (VP to (VP handle (NP (NP most )NP (PP of (NP (NP the complaints )NP (SBAR (WHNP that )WHNP (S (VP can not (VP be (VP *UNKED (PP in (NP the *UNK )NP )PP (PP by (NP (NP managers )NP and (NP their *UNK )NP )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )ADJP )VP )VP )S , (ADVP else )ADVP (S (NP the company court or *UNK )NP (VP will )VP (VP be (VP *UNKED (PP with (NP cases )NP )PP )VP )VP )S . )S  STOP
(S (PP At (NP Polaroid )NP )PP , (S (NP the *UNKC Policy *UNKING Committee )NP (VP may (VP hear (NP (NP (QP only about 20 )QP cases )NP (NP a year )NP )NP )VP )VP )S ; (S (NP (NP the rest )NP (PP of (NP (NP the many hundreds )NP (PP of (NP complaints )NP )PP )NP )PP )NP (VP are (VP resolved (PP at (NP earlier stages )NP )PP )VP )VP )S . )S  STOP
(S (PP At (NP *UNKC )NP )PP , (NP (NP the System Board )NP (PP of (NP *UNKC )NP )PP )NP (VP *UNK (NP (NP (NP (QP 50 to 75 )QP cases )NP (NP a year )NP )NP , (NP (NP only a fraction )NP (PP of (NP (NP the complaints )NP (VP brought (PP to (NP personnel specialists )NP )PP )VP )NP )PP )NP )NP )VP . )S  STOP
(S (PP At (NP Citicorp )NP )PP , (NP the *UNKC Review Board )NP (VP may (VP hear (NP (QP only 12 or so )QP cases )NP (PP because of (NP (NP (NP personnel 's )NP *UNK )NP (PP in (NP *UNK- )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP a typical year )NP )PP , (NP (NP (QP up to 20 )QP % )NP (PP of (NP the work force )NP )PP )NP (VP goes (PP to (NP personnel specialists )NP )PP (PP with (NP (NP complaints )NP (PP of (NP unfair treatment )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP a large company )NP )PP (NP that )NP (VP means (NP (NP many hundreds )NP (PP of (NP (NP complaints )NP (PP for (NP (NP personnel )NP (SBAR (S (VP to (VP handle )VP )VP )S )SBAR )NP )PP )NP )PP )NP )VP . )S  STOP
(S (LST 2 . )LST (ADVP *UNKLY or *UNKLY )ADVP , (VP train (NP all your managers and supervisors )NP (PP in (NP (NP the company 's )NP *UNK- approach )NP )PP )VP . )S  STOP
(S (S (VP *UNKC (SBAR that (S (NP they )NP (VP know (NP company personnel policy )NP (ADVP *UNK and *UNK )ADVP )VP )S )SBAR )VP )S , for (S (NP it )NP (VP is (NP (NP the `` law '' )NP (VP governing (NP company courts and *UNK )NP )VP )NP )VP )S . )S  STOP
(S (VP *UNKC (NP them )NP (PP in (S (VP handling (NP complaints )NP )VP )S )PP (SBAR so that (S (NP they )NP (VP can (VP resolve (NP problems )NP (ADVP immediately )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR In case (S (S (NP (NP managers )NP and (NP personnel specialists )NP )NP (VP are (ADJP unsuccessful )ADJP )VP )S and (S (NP *UNK )NP (VP take (NP their complaints )NP (PP to (NP a company court or *UNK )NP )PP )VP )S )S )SBAR , (S (VP teach (NP managers )NP (S (VP to (VP accept (NP *UNK )NP (PP as (NP (NP a fact )NP (PP of (NP business life )NP )PP )NP )PP )VP )VP )S )VP )S , for (S (PP in (NP a good *UNK- system )NP )PP (NP they )NP (VP are (VP *UNK (S (VP to (VP happen )VP )VP )S )VP )VP )S . )S  STOP
(S (PP In (NP (NP the 15 companies )NP (SBAR (S (NP I )NP (VP studied )VP )S )SBAR )NP )PP , (NP reversal rates )NP (VP range (PP on (NP the average )NP )PP (PP (PP from (NP 20 % )NP )PP (PP to (NP 40 % )NP )PP )PP )VP . )S  STOP
(S (LST 3 . )LST (VP *UNKC (SBAR whether (S (NP you )NP (VP want (NP (NP a panel system )NP or (NP a single *UNK )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A panel system )NP (PP like (NP (NP that )NP (PP in (NP the Bob Stone example )NP )PP )NP )PP )NP (VP *UNK (NP (NP such advantages )NP (PP as (NP (NP high credibility )NP and , (PP for (NP the *UNK )NP )PP , (NP mutual support )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP An *UNK system )NP (PRN -- (INTJ that is )INTJ , (NP (NP an *UNK )NP (SBAR (WHNP who )WHNP (S (VP (VP acts (ADVP first )ADVP (PP as (NP a *UNK- )NP )PP )VP and then (VP (VP *UNK (NP hats )NP )VP and (VP *UNK (NP the facts )NP )VP )VP )VP )S )SBAR )NP -- )PRN )NP (VP has (NP (NP such advantages )NP (PP as (NP (NP speed )NP , (NP flexibility )NP and (NP maximum *UNK )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP International Business Machines )NP and (NP (NP Bank )NP (PP of (NP America )NP )PP )NP )NP (VP are (PP among (NP (NP the companies )NP (VP using (NP the *UNK- approach )NP )VP )NP )PP )VP . )S  STOP
(S (LST 4 . )LST (VP *UNKC (S (NP your *UNK- system )NP (ADJP visible )ADJP )S )VP . )S  STOP
(S (NP It )NP (VP wo n't (VP do (NP any good )NP (PP for (NP anybody )NP )PP (SBAR unless (S (NP employees )NP (VP know (PP about (NP it )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Most *UNK )NP (VP *UNK (S (VP to (VP go (ADVP all out )ADVP (PP in (S (VP advertising (NP their *UNK- systems )NP )VP )S )PP )VP )VP )S (PP for (NP (NP fear )NP (PP of (S (VP encouraging (S (NP (NP *UNK )NP and (NP *UNK *UNK )NP )NP (VP to (VP file (NP complaints )NP )VP )VP )S )VP )S )PP )NP )PP )VP . )S  STOP
(S (PP On (NP the other hand )NP )PP , (NP they )NP (VP make (ADJP sure )ADJP (PP at (NP a minimum )NP )PP (SBAR that (S (NP their systems )NP (VP are (VP (VP described (PP in (NP their employee *UNK )NP )PP )VP and (VP talked (PRT up )PRT (PP by (NP personnel specialists )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP (VP goes (ADVP further )ADVP )VP and (VP (ADVP sometimes )ADVP features (NP its *UNK procedure )NP (PP in (NP *UNK- TV programs )NP )PP )VP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP (NP one )NP (PP of (NP (NP the best ways )NP (SBAR (S (VP to (VP guarantee (NP *UNK )NP (PP for (NP your *UNK- system )NP )PP )VP )VP )S )SBAR )NP )PP )NP (VP is (SBAR for (S (NP top management )NP (VP to (VP support (NP it )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP At (NP IBM )NP )PP , (NP (NP the company 's )NP *UNKC *UNKC system )NP (VP is (ADVP sometimes )ADVP (NP (NP the subject )NP (PP of (NP (NP *UNK )NP (PP from (NP the chief executive )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Federal Express )NP (VP goes (ADVP (ADVP further )ADVP )ADVP (PP in (NP this respect )NP )PP (PP than (NP (NP any company )NP (SBAR (S (NP I )NP (VP know (PP of )PP )VP )S )SBAR )NP )PP (PP with (S (NP (NP both (NP Frederick Smith )NP and (NP James *UNKC )NP )NP , (NP (NP (NP chief executive )NP and (NP chief operating officer )NP )NP , (ADVP respectively )ADVP )NP )NP , (VP sitting (PRT in )PRT (PP on (NP the Appeals Board )NP )PP (NP (ADJP almost every )ADJP Tuesday )NP (S (VP to (VP decide (NP cases )NP )VP )VP )S )VP )S )PP )VP . )S  STOP
(S (NP Mr. *UNKING )NP (VP is (NP (NP (NP a consultant )NP (VP based (PP in (NP (NP *UNKC )NP , (NP Mass. )NP )NP )PP )VP )NP , and (NP (NP author )NP (PP of (NP `` (NP (NP (NP Justice )NP (PP on (NP the *UNKC )NP )PP )NP : (S (VP *UNKING (NP *UNKC )NP (PP in (NP the *UNKC *UNKC )NP )PP )VP )S )NP '' (PRN -LRB- (NP Harvard Business School Press )NP , (NP 1989 )NP -RRB- )PRN )NP )PP )NP )NP )VP . )S  STOP
(S (NP Tokyo stocks )NP (VP closed (ADVP higher )ADVP (PP in (NP active trading )NP )PP (NP Friday )NP , (S (VP marking (NP (NP the fourth consecutive daily gain )NP (PP since (NP (NP Monday 's )NP sharp fall )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP London shares )NP (VP closed (ADVP moderately lower )ADVP (PP in (NP thin trading )NP )PP )VP . )S  STOP
(S (PP At (NP Tokyo )NP )PP , (NP (NP the Nikkei index )NP (PP of (NP 225 selected issues )NP )PP )NP (VP was (ADVP up (NP *UNKN points )NP (PP to (NP *UNKN )NP )PP )ADVP )VP . )S  STOP
(S (NP The index )NP (VP advanced (NP *UNKN points )NP (NP Thursday )NP )VP . )S  STOP
(S (PP In (NP early trading )NP )PP (PP in (NP Tokyo )NP )PP (NP Monday )NP , (NP the Nikkei index )NP (VP rose (NP *UNKN points )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP (NP (NP Friday 's )NP volume )NP (PP on (NP the First Section )NP )PP )NP (VP was (VP estimated (PP at (NP (NP (QP one billion )QP shares )NP , (ADVP up (PP from (NP *UNKN million )NP (NP Thursday )NP )PP )ADVP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP *UNKED (NP losers )NP , (ADVP *UNKN to *UNKN )ADVP , (SBAR while (S (NP *UNKN issues )NP (VP remained (ADJP unchanged )ADJP )VP )S )SBAR )VP . )S  STOP
(S (SBAR With (S (NP investors )NP (ADJP relieved (PP at (NP (NP the overnight gain )NP (PP in (NP New York stocks )NP )PP )NP )PP )ADJP )S )SBAR , (NP *UNK- buying orders )NP (VP *UNKED (PP into (NP the market )NP )PP (PP from (NP early morning )NP )PP , (S (VP making (S (NP traders )NP (VP believe (SBAR (S (NP the market )NP (VP was (ADVP back (PP to (NP normal )NP )PP )ADVP )VP )S )SBAR )VP )S )VP )S )VP . )S  STOP
(S (NP (NP The Nikkei )NP , (SBAR (WHNP which )WHNP (S (VP reached (ADJP (ADJP as high )ADJP (PP as (NP *UNKN )NP )PP )ADJP (PP (ADVP right )ADVP after (NP the opening )NP )PP )VP )S )SBAR , )NP (VP *UNKED (NP (NP part )NP (PP of (NP its early advance )NP )PP )NP (PP toward (NP (NP the end )NP (PP of (NP the day )NP )PP )NP )PP (PP because of (NP profit-taking )NP )PP )VP . )S  STOP
(S `` (S (NP (NP Investors )NP , especially (NP dealers )NP , )NP (VP do n't (VP want (S (VP to (VP hold (NP a position )NP (PP over (NP the weekend )NP )PP )VP )VP )S )VP )VP )S , '' (NP (NP a trader )NP (PP at (NP *UNKC Securities )NP )PP )NP (VP said , (S (VP adding , (ADVP though )ADVP , (SBAR that (S (NP the trading mood )NP (VP remained (ADJP positive )ADJP (PP through (NP the afternoon session )NP )PP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP (NP The Tokyo Stock Price Index )NP (PRN -LRB- (NP *UNKC )NP -RRB- )PRN (PP of (NP (NP all issues )NP (VP listed (PP in (NP the First Section )NP )PP )VP )NP )PP , (SBAR (WHNP which )WHNP (S (VP gained (NP *UNKN points )NP (NP Thursday )NP )VP )S )SBAR , )NP (VP was (ADVP up (NP (NP *UNKN points )NP , or (NP *UNKN % )NP , )NP )ADVP (PP at (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP (NP The Second Section index )NP , (SBAR (WHNP which )WHNP (S (VP rose (NP *UNKN points )NP (NP Thursday )NP )VP )S )SBAR , )NP (VP was (ADVP up (NP (NP *UNKN points )NP , or (NP *UNKN % )NP , )NP )ADVP (S (VP to (VP close (PP at (NP *UNKN )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP Volume )NP (PP in (NP the second section )NP )PP )NP (VP was (VP estimated (PP at (NP (NP (QP 30 million )QP shares )NP , (ADVP up (PP from (NP 28 million )NP (NP Thursday )NP )PP )ADVP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP (NP turmoil )NP (VP caused (PP by (NP (NP the (NP previous Friday 's )NP plunge )NP (PP in (NP New York stocks )NP )PP )NP )PP )VP )NP )PP , (NP the Nikkei )NP (VP marked (NP a sharp *UNK- fall )NP (NP Monday )NP )VP . )S  STOP
(S But (NP the Nikkei )NP (VP fell (X (NP (NP an overall 1.8 % )NP (PP in (NP value )NP )PP )NP )X (NP that day )NP (PP compared (PP with (NP (NP (NP Wall Street 's )NP (ADJP far *UNK )ADJP (ADJP 6.9 % )ADJP drop )NP (PP on (NP Oct. 13 )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP (NP The Tokyo market 's )NP *UNK )NP (VP helped (S (NP participants )NP (VP to (VP regain (NP confidence )NP (ADVP gradually )ADVP (SBAR as (S (NP they )NP (VP (VP spent (NP more time )NP (PP on (S (VP *UNKING (NP (NP factors )NP (SBAR (WHNP that )WHNP (S (VP caused (NP the Friday plunge )NP )VP )S )SBAR )NP )VP )S )PP )VP and (VP realized (SBAR (S (NP these problems )NP (VP were (ADJP (ADJP unique (PP to (NP New York stocks )NP )PP )ADJP and not (ADJP directly related (PP to (NP Tokyo )NP )PP )ADJP )ADJP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP The Nikkei )NP (VP continued (S (VP to (VP gain )VP )VP )S (PP for (NP (NP the rest )NP (PP of (NP the week )NP )PP )NP )PP , (S (VP (VP adding (NP *UNKN points )NP (PP in (NP four days )NP )PP )VP -- (VP (ADVP more than )ADVP *UNKING (NP (NP Monday 's )NP losses )NP )VP )VP )S )VP . )S  STOP
(S But (NP (NP further major advances )NP (PP on (NP the Nikkei )NP )PP )NP (VP are n't (VP *UNK (NP this week )NP (PP by (NP market observers )NP )PP )VP )VP . )S  STOP
(S (NP Investors )NP (VP are (ADVP still )ADVP (VP waiting (S (VP to (VP see (SBAR (SBAR (WHADVP how )WHADVP (S (NP the U.S. government )NP (VP will (VP decide (PP on (NP interest rates )NP )PP )VP )VP )S )SBAR and (SBAR (WHADVP how )WHADVP (S (NP the dollar )NP (VP will (VP be (VP *UNKED )VP )VP )VP )S )SBAR )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (NP Some high-priced issues )NP (VP made (NP a comeback )NP (NP Friday )NP )VP . )S  STOP
(S (NP Pioneer )NP (VP surged (NP (NP 450 yen )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN )NP (PP to (NP (NP *UNKN yen )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP advanced (NP 80 yen )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP gained (NP 100 )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP attracted (NP investors )NP (PP because of (NP (NP their land property holdings )NP (SBAR (WHNP that )WHNP (S (VP could (VP figure (PP in (NP (NP development )NP or (NP other plans )NP )NP )PP )VP )VP )S )SBAR )NP )PP )VP )S , (NP traders )NP (VP said )VP . )S  STOP
(S (S (NP *UNKC )NP (VP gained (NP 80 )NP (PP to (NP *UNKN )NP )PP )VP )S and (S (NP *UNKC )NP (VP added (NP 60 )NP (PP to (NP *UNKN )NP )PP )VP )S . )S  STOP
(S (NP *UNKC , *UNK and pharmaceuticals )NP (VP continued (S (VP to (VP be (VP bought (PP following (NP (NP Thursday 's )NP gains )NP )PP )VP )VP )VP )S (PP because of (NP strong earnings *UNK )NP )PP )VP . )S  STOP
(S (NP Daiwa House )NP (VP gained (NP 50 )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP was (ADVP up (NP 20 )NP )ADVP (PP at (NP *UNKN )NP )PP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP advanced (NP 40 )NP (PP to (NP *UNKN )NP )PP )VP )S and (S (NP *UNKC )NP (VP added (NP 50 )NP (PP to (NP *UNKN )NP )PP )VP )S . )S  STOP
(S (S (NP *UNKC )NP (VP added (NP 80 )NP (PP to (NP *UNKN )NP )PP )VP )S and (S (NP *UNKC )NP (VP advanced (NP 230 )NP (PP to (NP *UNKN )NP )PP )VP )S . )S  STOP
(S (NP London share prices )NP (VP were (VP influenced (PP (ADVP largely )ADVP by (NP (NP (NP declines )NP (PP on (NP Wall Street )NP )PP )NP and (NP (NP weakness )NP (PP in (NP the British pound )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP The key Financial *UNKC Exchange 100-share index )NP (VP ended (ADVP (NP 10.2 points )NP lower )ADVP (PP at (NP (NP *UNKN )NP , (ADVP (ADVP above (NP (NP its intraday low )NP (PP of (NP *UNKN )NP )PP )NP )ADVP , but (ADVP off (NP (NP (NP the day 's )NP high )NP (PP of (NP *UNKN )NP )PP )NP )ADVP )ADVP )NP )PP )VP . )S  STOP
(S (NP The index )NP (VP finished (PP (NP 2.4 % )NP under (NP (NP its close )NP (PP of (NP *UNKN )NP )PP (NP the previous Friday )NP )NP )PP , (SBAR although (S (NP it )NP (VP *UNKED (NP (NP some )NP (PP of (NP (NP the sharp losses )NP (VP staged (NP early last week )NP (PP on (NP (NP the back )NP (PP of (NP (NP Wall Street 's )NP fall )NP )PP )NP )PP )VP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP London )NP (VP was (ADJP weak )ADJP (PP throughout (NP (NP Friday 's )NP trading )NP )PP , (ADVP however )ADVP , (PP on (SBAR (WHNP what )WHNP (S (NP dealers )NP (VP attributed (PP to (NP (NP (NP (ADJP generally thin )ADJP interest )NP (ADVP ahead (PP of (NP the weekend )NP )PP )ADVP )NP and (NP (NP (NP this week 's )NP (ADJP potentially important )ADJP U.K. trade figures )NP (PP for (NP September )NP )PP )NP )NP )PP )VP )S )SBAR )PP )VP . )S  STOP
(S (NP The *UNKC 100 )NP (ADVP largely )ADVP (VP remained (PP within (NP (NP an *UNK- range )NP (VP *UNKED (PP within (NP (NP the first hour )NP (PP of (NP trading )NP )PP )NP )PP )VP )NP )PP (PP before (S (NP it )NP (VP eased (PP to (NP an intraday low )NP )PP (ADVP late (PP in (NP the session )NP )PP )ADVP (SBAR (WHADVP when )WHADVP (S (NP (NP a *UNK )NP (PP of (NP program selling )NP )PP )NP (VP pushed (NP Wall Street )NP (ADVP lower )ADVP )VP )S )SBAR )VP )S )PP )VP . )S  STOP
(S (NP The *UNK 30-share index )NP (VP closed (ADVP (NP *UNKN points )NP lower )ADVP (PP at (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP Volume )NP (VP was (UCP (ADJP extremely thin (PP at (NP (NP (QP *UNKN million )QP shares )NP , (NP (NP the *UNK volume )NP (PP of (NP the week )NP )PP )NP )NP )PP )ADJP and (PP (ADVP modestly )ADVP under (NP (NP Thursday 's )NP (QP *UNKN million )QP shares )NP )PP )UCP )VP . )S  STOP
(S (NP Dealers )NP (VP said (SBAR (S (NP (NP the day 's )NP action )NP (VP was (ADJP *UNK )ADJP (PP outside (NP (NP (NP some response )NP (PP to (NP (NP (NP sterling 's )NP early weakness )NP (PP against (NP the mark )NP )PP )NP )PP )NP , and (NP fears (SBAR that (S (NP Wall Street )NP (VP might (VP open (ADVP lower )ADVP (PP after (NP (NP its strong *UNK )NP (ADVP forward )ADVP (NP Thursday )NP )NP )PP )VP )VP )S )SBAR )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP added (SBAR that (S (NP market-makers )NP (VP were (ADVP largely )ADVP (VP *UNKED (PP after (S (VP (ADVP aggressively )ADVP supporting (NP the market )NP (NP Thursday )NP (PP in (NP their *UNK (S (VP to (VP cover (NP (NP internal shortages )NP (PP of (NP *UNKC 100 shares )NP )PP )NP )VP )VP )S )NP )PP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Interest )NP (VP may (VP remain (ADJP limited )ADJP (PP into (NP (NP (NP tomorrow 's )NP U.K. trade figures )NP , (SBAR (WHNP which )WHNP (S (NP the market )NP (VP will (VP be (VP watching (ADVP closely )ADVP (S (VP to (VP see (SBAR if (S (NP there )NP (VP is (NP any improvement )NP (PP after (NP (NP disappointing numbers )NP (PP in (NP the previous two months )NP )PP )NP )PP )VP )S )SBAR )VP )VP )S )VP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP The key corporate news )NP (PP of (NP the day )NP )PP )NP (VP was (SBAR that (S (NP British Airways )NP (VP decided (S (VP to (VP withdraw (PP from (NP (NP a *UNKED bid )NP (PP for (NP (NP UAL Corp. )NP , (NP (NP the parent )NP (PP of (NP United Airlines )NP )PP )NP )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP British Airways )NP (VP rose (ADVP initially )ADVP (PP after (S (VP announcing (NP (NP its withdrawal )NP (PP from (NP the UAL deal )NP )PP )NP )VP )S )PP )VP . )S  STOP
(S (NP Dealers )NP (VP said (SBAR (S (NP they )NP (VP viewed (NP (NP the initial (ADJP # *UNK- )ADJP (PRN -LRB- (ADJP (QP $ *UNKN million )QP )ADJP -RRB- )PRN *UNK )NP (PP for (NP (NP a 15 % stake )NP (PP in (NP the airline )NP )PP )NP )PP )NP (PP as (NP a bit much )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Its shares )NP (VP slid (PP in (NP late dealings )NP )PP (S (VP to (VP close (ADVP (NP (NP a penny )NP (PP per (NP share )NP )PP )NP lower )ADVP (PP at (NP *UNKN pence )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The airline )NP (VP was (NP the (ADJP most active )ADJP *UNKC 100 )NP (PP at (NP (NP (QP 8.2 million )QP shares )NP (VP traded )VP )NP )PP )VP . )S  STOP
(S (NP The (ADJP next most active )ADJP *UNK- stock )NP (VP was (NP (NP B.A.T Industries )NP , (NP (NP the target )NP (PP of (NP (NP Sir James *UNKC 's )NP (ADJP (QP # 13.4 billion )QP )ADJP bid )NP )PP )NP )NP )VP . )S  STOP
(S (NP The company )NP (VP gained (NP (NP shareholder approval )NP )NP (NP Thursday )NP (SBAR (S (VP to (VP restructure (PP in (NP a bid (S (VP to (VP fend (PRT off )PRT (NP the hostile takeover )NP )VP )VP )S )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Sir James )NP (VP said (NP Thursday night )NP (SBAR that (S (NP (NP his plans )NP (PP for (NP the takeover )NP )PP )NP (VP had n't (VP changed )VP )VP )S )SBAR )VP . )S  STOP
(S (NP B.A.T )NP (VP ended (NP the day )NP (PP at (NP *UNKN )NP )PP , (ADVP down (NP 5 )NP )ADVP , (PP on (NP (NP turnover )NP (PP of (NP (QP 7.5 million )QP shares )NP )PP )NP )PP )VP . )S  STOP
(S (NP Dealers )NP (VP said (SBAR (S (NP it )NP (VP was (VP hit (PP by (NP (NP some profit-taking )NP (PP after (NP gains )NP )PP (PP since (NP *UNK- )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP other active shares )NP )PP , (NP *UNKC *UNKC )NP (VP shed (NP 10 )NP (PP to (NP *UNKN )NP )PP (PP on (NP (NP volume )NP (PP of (NP (QP 6.4 million )QP shares )NP )PP )NP )PP (PP after (NP a *UNKC De *UNKC *UNKC *UNKING )NP )PP , (SBAR while (S (NP (NP *UNKC Holdings )NP , (NP a food products concern )NP , )NP (VP was (VP boosted (NP 2 )NP (PP to (NP *UNKN )NP )PP (SBAR after (S (NP it )NP (VP disclosed (SBAR (S (NP it )NP (VP would (VP seek (NP (NP shareholder approval )NP (SBAR (S (VP to (VP begin (NP share *UNK )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Elsewhere (PP in (NP Europe )NP )PP )ADVP , (NP share prices )NP (VP closed (ADVP higher )ADVP (PP in (NP Stockholm , Brussels and Milan )NP )PP )VP . )S  STOP
(S (NP Prices )NP (VP were (ADJP lower )ADJP (PP in (NP Frankfurt , Zurich , Paris and Amsterdam )NP )PP )VP . )S  STOP
(S (NP (ADJP South African )ADJP gold stocks )NP (VP closed (ADVP moderately lower )ADVP )VP . )S  STOP
(S (NP Share prices )NP (VP (VP closed (ADVP higher )ADVP (PP in (NP (NP Sydney )NP , (NP Taipei )NP , (NP Wellington )NP , (NP Manila )NP , (NP Hong Kong )NP and (NP Singapore )NP )NP )PP )VP and (VP were (ADJP lower )ADJP (PP in (NP Seoul )NP )PP )VP )VP . )S  STOP
(SINV (ADVP Here )ADVP (VP are )VP (NP (NP price trends )NP (PP on (NP (NP the world 's )NP major stock markets )NP )PP , (SBAR as (S (VP calculated (PP by (NP (NP Morgan Stanley Capital International Perspective )NP , (NP Geneva )NP )NP )PP )VP )S )SBAR )NP . )SINV  STOP
(S (S (VP To (VP make (S (NP them )NP (ADJP directly comparable )ADJP )S )VP )VP )S , (NP each index )NP (VP is (VP based (PP on (S (NP (NP the close )NP (PP of (NP 1969 )NP )PP )NP (VP equaling (NP 100 )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP The percentage change )NP (VP is (PP since (NP year-end )NP )PP )VP . )S  STOP
(S (S (NP The U.S. )NP (VP is (VP required (S (VP to (VP *UNK (NP foreign *UNK )NP (SBAR if (S (NP it )NP (VP knows (PP of (NP (NP coup plans )NP (ADJP likely (S (VP to (VP *UNK (NP their lives )NP )VP )VP )S )ADJP )NP )PP )VP )S )SBAR )VP )VP )S )VP )VP )S , (NP government officials )NP (VP said )VP . )S  STOP
(S (NP The *UNK policy )NP (VP was (NP (NP part )NP (PP of (NP (NP a set )NP (PP of (NP (NP guidelines )NP (PP on (S (VP handling (NP *UNK )NP )VP )S )PP (VP *UNKED (PP in (NP (NP a secret 1988 exchange )NP (PP of (NP letters )NP )PP (PP between (NP (NP the Reagan administration )NP and (NP the Senate Intelligence Committee )NP )NP )PP )NP )PP )VP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP The existence )NP (PP of (NP the guidelines )NP )PP )NP (VP has (VP become (VP known (SBAR since (S (NP President Bush )NP (VP disclosed (NP them )NP (ADVP privately )ADVP (PP to (NP seven Republican senators )NP )PP (PP at (NP a White House meeting )NP )PP (NP last Monday )NP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP (NP Officials )NP (ADJP familiar (PP with (NP the meeting )NP )PP )ADJP )NP (VP said (SBAR (S (NP Mr. Bush )NP (VP cited (NP the policy )NP (PP as (NP (NP an example )NP (PP of )PP )NP )PP )VP )S )SBAR )VP (NP (NP the sort )NP (PP of (NP congressional requirements )NP )PP (SBAR (S (NP the administration )NP (VP contends (SBAR (S (VP contribute (PP to (NP (NP the failure )NP (PP of (NP (NP such covert actions )NP (PP as (NP (NP this month 's )NP *UNK effort (S (VP to (VP oust (NP Panamanian dictator Manuel Noriega )NP )VP )VP )S )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP )S )SBAR )NP . )S  STOP
(S (PP According (PP to (NP the officials )NP )PP )PP , (NP Mr. Bush )NP (ADVP even )ADVP (VP read (PP to (NP the senators )NP )PP (NP (NP *UNK )NP (PP from (NP (NP a (ADJP highly classified )ADJP letter )NP (PP from (NP the committee )NP )PP (PP to (NP the White House )NP )PP (VP discussing (NP the guidelines )NP )VP )NP )PP )NP )VP . )S  STOP
(S (NP They )NP (VP said (SBAR (S (NP the president )NP (VP conceded (SBAR (S (NP the *UNK requirement )NP (VP did n't (VP affect (NP his decision (S (VP to (VP lend (NP only minor support )NP (PP to (NP (NP this month 's )NP Panama coup effort )NP )PP )VP )VP )S )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP No *UNK )NP (VP was (ADVP ever )ADVP (VP considered (PRN , (S (NP officials )NP (VP said )VP )S , )PRN (ADVP apparently )ADVP (SBAR because (S (NP the U.S. )NP (VP did n't (VP think (SBAR (S (NP the coup *UNK )NP (VP intended (S (VP to (VP (VP kill (NP Mr. Noriega )NP )VP , but (VP (ADVP merely )ADVP sought (S (VP to (VP *UNK (NP him )NP )VP )VP )S )VP )VP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (INTJ (S (NP What )NP (VP 's (NP more )NP )VP )S )INTJ , (NP both (NP administration )NP and (NP congressional officials )NP )NP (VP *UNK (SBAR that (S (NP the notification requirement )NP (VP is (ADJP likely (S (VP to (VP be (VP dropped (PP from (NP (NP the guidelines )NP (PP on (NP coup attempts )NP )PP (SBAR (WHNP that )WHNP (S (VP are (VP being (VP *UNK (PP by (NP (NP the panel )NP and (NP the White House )NP )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNKING )NP (VP was (VP launched (PP at (NP (NP a meeting )NP (PP between (NP (NP Mr. Bush )NP and (NP intelligence committee leaders )NP )NP )PP )NP )PP (NP (NP Oct. 12 )NP , (PP (NP a few days )NP before (NP (NP the meeting )NP (SBAR (WHPP at (WHNP which )WHNP )WHPP (S (NP the president )NP (VP complained (PP about (NP the rules )NP )PP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (ADVP However )ADVP , (NP (NP (NP the disclosure )NP (PP of (NP (NP the guidelines )NP )NP )PP )NP , (VP (ADVP first )ADVP reported (NP last night )NP (PP by (NP NBC News )NP )PP )VP , )NP (VP is (ADVP already )ADVP (VP being (VP interpreted (PP on (NP Capitol Hill )NP )PP (PP as (NP an unfair effort (S (VP to (VP pressure (NP Congress )NP )VP )VP )S )NP )PP )VP )VP )VP . )S  STOP
(S (NP It )NP (VP has (VP *UNKED (NP (NP the bitter *UNKING )NP (PP between (NP (NP the White House )NP and (NP Congress )NP )NP )PP (PP over (SBAR (WHNP who )WHNP (S (VP is (ADJP responsible (PP (PP for (NP the failure (S (VP to (VP oust (NP Mr. Noriega )NP )VP )VP )S )NP )PP and , (ADVP more broadly )ADVP , (PP for (NP (NP difficulties )NP (PP in (S (VP carrying (PRT out )PRT (NP covert activities )NP (ADVP abroad )ADVP )VP )S )PP )NP )PP )PP )ADJP )VP )S )SBAR )PP )NP )VP )VP . )S  STOP
(S (NP (NP A statement )NP (VP issued (PP by (NP (NP the office )NP (PP of (NP (NP the committee chairman )NP , (NP (NP Sen. David Boren )NP (PRN -LRB- (NP D. )NP , (NP *UNKC )NP -RRB- )PRN , )NP )NP )PP )NP )PP )VP )NP (VP charged (SBAR that (S (NP the disclosure )NP (VP is (NP (NP part )NP (PP of (NP a continuing effort (S (VP to (VP shift (NP (NP the criticism )NP (PP for (NP (NP the failure )NP (PP of (NP (NP the recent coup attempt )NP (PP in (NP Panama )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The statement )NP (VP added , `` (S (NP *UNKC )NP (VP has (ADVP *UNKLY )ADVP (VP chosen (S (VP to (ADVP *UNKLY )ADVP (VP *UNK (NP (NP *UNK )NP (PP of (NP (NP (ADJP highly classified )ADJP *UNK )NP (PP between (NP (NP the two branches )NP (PP of (NP government )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (CONJP Not only )CONJP (SINV does (NP this )NP (VP come (ADJP close (PP to (NP (NP a violation )NP (PP of (NP law )NP )PP )NP )PP )ADJP )VP )SINV , (S (NP it )NP (VP *UNK (NP (NP the trust )NP (SBAR (S (NP we )NP (VP have all (VP worked (S (VP to (VP develop )VP )VP )S )VP )VP )S )SBAR )NP )VP )S . '' )S  STOP
(S (NP Sen. Boren )NP (VP said , `` (S (NP It )NP (VP 's (NP (NP time )NP (SBAR (S (VP to (VP (VP stop (VP *UNKING )VP )VP and (VP work (ADVP together )ADVP (S (VP to (VP develop (NP (NP a clear and appropriate policy )NP (SBAR (S (VP to (VP help (NP the country )NP (PP in (NP the future )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )VP )S )SBAR )NP )VP )S )VP . )S  STOP
(S (NP I )NP (VP 've (VP invited (NP the president )NP (S (VP to (VP send (NP his suggestions )NP (PP to (NP the committee )NP )PP )VP )VP )S )VP )VP . '' )S  STOP
(S (NP (NP (NP Republican Sen. William Cohen )NP (PP of (NP Maine )NP )PP )NP , (NP (NP the panel 's )NP vice chairman )NP , )NP (VP said (PP of (NP the disclosure )NP )PP (SBAR that `` (S (S (NP (NP a text )NP (VP *UNK (ADVP out (PP of (NP context )NP )PP )ADVP )VP )NP (VP is (NP a *UNK )NP )VP )S , and (S (NP (NP it )NP )NP (VP is (ADJP unfair )ADJP (SBAR for (S (NP (NP those )NP (PP in (NP the White House )NP )PP (SBAR (WHNP who )WHNP (S (VP are (VP *UNKING )VP )VP )S )SBAR )NP (VP to (VP present (NP the evidence )NP (PP in (NP a *UNK fashion )NP )PP )VP )VP )S )SBAR )VP )S )S )SBAR )VP . '' )S  STOP
(S (NP Sen. Boren )NP (VP said (SBAR (S (NP the committee )NP (VP could n't (VP defend (NP itself )NP (PP by (S (VP making (S (NP the documents )NP (ADJP public )ADJP )S )VP )S )PP (SBAR because (S (NP that )NP (VP would (VP violate (NP *UNK rules )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP the chairman )NP and (NP other committee members )NP )NP (VP stressed (SBAR that (S (NP the notification *UNK )NP (VP was n't (VP imposed (PP on (NP the White House )NP )PP (PP by (NP a *UNKING Congress )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Instead )ADVP (PRN , (S (NP both congressional and administration officials )NP (VP agreed )VP )S , )PRN (NP it )NP (VP grew (PP out (PP of (NP (NP talks )NP (PP about (NP (NP *UNKING )NP (PP in (NP Panama )NP )PP )NP )PP (SBAR (WHNP that )WHNP (S (VP (VP were (VP initiated (PP by (NP the administration )NP )PP (PP in (NP July 1988 )NP )PP )VP )VP and (VP stretched (PP into (NP last October )NP )PP )VP )VP )S )SBAR )NP )PP )PP )VP . )S  STOP
(S (NP The *UNK )NP (VP was n't (NP (NP a law )NP , but (NP (NP a joint interpretation )NP (PP of (SBAR (WHADVP how )WHADVP (S (NP the U.S. )NP (VP might (VP operate (PP during (NP foreign *UNK )NP )PP (PP in (NP (NP light )NP (PP of (NP (NP the longstanding presidential order )NP (VP banning (NP (NP a U.S. role )NP (PP in (NP *UNK )NP )PP )NP )VP )NP )PP )NP )PP )VP )VP )S )SBAR )PP )NP )NP )VP . )S  STOP
(S (PP In (NP fact )NP )PP , (NP yesterday )NP (NP (NP the administration )NP and (NP Congress )NP )NP (VP were (ADVP still )ADVP (VP *UNKING (PP on (SBAR (WHNP what )WHNP (S (VP had (VP been (VP agreed (PP to )PP )VP )VP )VP )S )SBAR )PP )VP )VP . )S  STOP
(S (NP One administration official )NP (VP said (SBAR (S (NP notification )NP (VP was (VP required (SBAR even if (S (NP the U.S. )NP `` (VP gets (NP wind )NP '' (PP of (NP (NP (NP (NP somebody )NP (ADJP else )ADJP 's )NP coup plans )NP (SBAR (WHNP that )WHNP (S (VP seem (ADJP likely (S (VP to (VP *UNK (NP (NP a dictator 's )NP life )NP )VP )VP )S )ADJP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP a congressional source )NP (ADJP close (PP to (NP the panel )NP )PP )ADJP )NP (VP said (SBAR (S (NP the rule )NP (ADVP only )ADVP (VP covered (NP (NP coup plans )NP (VP (ADVP directly )ADVP involving (NP the U.S. )NP )VP )NP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Although (S (NP the notification *UNK )NP (VP was n't (VP carried (PRT out )PRT (PP in (NP (NP this month 's )NP coup attempt )NP )PP )VP )VP )S )SBAR , (NP some administration officials )NP (VP argue (SBAR that (S (NP it )NP (VP may (VP have (VP led (PP to (NP (NP *UNK and uncertainty )NP (PP on (NP (NP the part )NP (PP of (NP (NP U.S. intelligence )NP and (NP (NP military *UNK )NP (PP in (NP Panama )NP )PP )NP )NP )PP )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP One senior administration official )NP (VP (VP called (S (NP the *UNK )NP `` (ADJP *UNK )ADJP '' )S )VP and (VP said (SBAR (S (NP it )NP (VP could (VP make (S (NP U.S. *UNK )NP (ADJP reluctant (S (VP to (ADVP even )ADVP (VP listen (PP to (NP coup plans )NP )PP )VP )VP )S )ADJP (PP for (NP fear (SBAR (S (NP they )NP (VP may (VP get (PP into (NP legal trouble )NP )PP )VP )VP )S )SBAR )NP )PP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The issue )NP (VP came (PP to (NP a head )NP )PP (NP last year )NP (PRN , (S (NP officials )NP (VP *UNKED )VP )S , )PRN (SBAR (ADVP partly )ADVP because (S (NP the Reagan administration )NP (VP had (VP sought (ADVP *UNKLY )ADVP (S (VP to (VP win (NP (NP committee approval )NP (PP of (NP (NP funding )NP (PP for (NP new Panama coup efforts )NP )PP )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP both administration and congressional officials )NP (VP said (SBAR (S (NP (NP the need )NP (PP for (NP (NP guidelines )NP (PP on (NP *UNK and *UNK )NP )PP )NP )PP )NP (VP was (ADVP partly )ADVP (VP *UNKED (PP by (NP a White House desire (S (VP to (VP avoid (NP nasty overseas *UNK )NP (PP during (NP the election campaign )NP )PP )VP )VP )S )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Though (S (NP the assassination ban )NP (VP is (NP (NP a White House order )NP (SBAR (WHNP that )WHNP (S (NP Congress )NP (ADVP never )ADVP (VP voted (PP on )PP )VP )S )SBAR )NP )VP )S )SBAR , (NP the intelligence committees )NP (VP can (VP exercise (NP influence )NP (PP over (NP its interpretation )NP )PP )VP )VP . )S  STOP
(S (NP Last week )NP , (NP Central Intelligence Agency Director William Webster )NP (ADVP publicly )ADVP (VP called (PP on (NP Congress )NP )PP (S (VP to (VP provide (NP (NP new *UNK )NP (PP of (NP the assassination order )NP )PP (SBAR (WHNP that )WHNP (S (VP would (VP permit (NP the U.S. )NP (NP more freedom (S (VP to (VP act (PP in (NP *UNK )NP )PP )VP )VP )S )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (NP The administration )NP (VP has (VP reacted (PP to (NP criticism (SBAR that (S (NP it )NP (VP *UNKED (NP the latest coup attempt )NP (PP by (S (VP seeking (S (VP to (VP blame (NP Congress )NP (PP for (NP (NP restrictions )NP (SBAR (S (NP the White House )NP (VP said (SBAR (S (VP have (VP hampered (NP (NP its freedom )NP (PP of (NP action )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )VP )S )VP )S )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (ADVP However )ADVP , (NP last week )NP (NP (NP Mr. Webster 's )NP two top CIA *UNK )NP (VP said (SBAR (S (NP congressional *UNK )NP (VP had n't (VP hampered (NP (NP (NP the spy agency 's )NP role )NP (PP in (NP (NP the coup attempt )NP (PP in (NP Panama )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Nevertheless )ADVP , (NP (NP the administration 's )NP *UNK )NP (VP appeared (S (VP to (VP have (VP made (NP some *UNK )NP (PP with (NP *UNKC Boren and Cohen )NP )PP (PP after (NP (NP their Oct. 12 meeting )NP (PP with (NP the president )NP )PP )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP The three men )NP (VP agreed (S (VP to (VP *UNK (NP the guidelines )NP , (PP without (S (VP changing (NP the basic assassination ban )NP )VP )S )PP , (S (VP to (VP clear (PRT up )PRT (NP (NP any *UNK )NP (SBAR (WHNP that )WHNP (S (VP may (VP have (VP hampered (NP (NP U.S. *UNK )NP (PP of (NP (NP coups )NP (PP against (NP *UNK- leaders )NP )PP )NP )PP )NP )VP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP (NP The new argument )NP (PP over (NP the notification *UNK )NP )PP )NP , (ADVP however )ADVP , (VP could (VP sour (NP (NP any atmosphere )NP (PP of (NP cooperation )NP )PP (SBAR (WHNP that )WHNP (S (VP *UNKED )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP Gerald F. *UNKC )NP (VP contributed (PP to (NP this article )NP )PP )VP . )S  STOP
(S -LRB- (PP During (NP its centennial year )NP )PP , (NP The Wall Street Journal )NP (VP will (VP report (NP (NP events )NP (PP of (NP the past century )NP )PP (SBAR (WHNP that )WHNP (S (VP stand (PP as (NP (NP milestones )NP (PP of (NP American business history )NP )PP )NP )PP )VP )S )SBAR )NP )VP )VP . -RRB- )S  STOP
(S (S (NP *UNKC FUNDS )NP (VP *UNKC (PP *UNK (NP THE U.S. )NP )PP (PP during (NP the *UNKING *UNKC )NP )PP (PRN -LRB- (S (NP they )NP (VP had (VP been (PP in (NP Britain )NP )PP (PP for (NP a century )NP )PP )VP )VP )S -RRB- )PRN )VP )S , but (S (NP they )NP (VP did n't (VP boom (SBAR until (S (NP the money market fund )NP (VP was (VP created (PP in (NP the 1970s )NP )PP )VP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (PP By (NP 1980 )NP )PP , (NP there )NP (VP were (NP (QP more than 100 )QP such funds )NP )VP . )S  STOP
(S (PP Besides (S (VP creating (NP (NP a vehicle )NP (PP for (NP investors )NP )PP )NP )VP )S )PP , (NP money market funds )NP (ADVP also )ADVP (VP helped (VP *UNK (NP banking regulations )NP )VP )VP . )S  STOP
(S (NP The idea )NP (VP was (S (VP to (VP let (S (NP (NP small investors )NP , (NP (NP the *UNK )NP (PP of (NP the fund business )NP )PP )NP , )NP (VP deal (PP in (NP (NP the money market 's )NP high short-term interest rates )NP )PP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP This )NP (VP had (VP been (NP (NP the exclusive province )NP (PP of (NP (NP those )NP (ADJP rich enough (S (VP to (VP use (NP *UNK- *UNK )NP (S (VP to (VP get (NP (NP income )NP (SBAR (WHNP that )WHNP (S (VP was (VP figured (PP beyond (NP the third or fourth *UNK place )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )ADJP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP The *UNK- price )NP (PP of (NP (NP $ 1 )NP (NP a share )NP )NP )PP )NP (VP came (PRT about )PRT (PP by (NP accident )NP )PP )VP . )S  STOP
(S (NP An early fund )NP (VP had (VP filed (NP (NP a registration )NP )NP (PP with (NP the Securities and Exchange Commission )NP )PP (SBAR (WHNP that )WHNP (S (VP included (NP a fixed (ADJP $ 1 )ADJP price )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP It )NP (VP arrived (SBAR (ADVP just )ADVP as (S (NP (NP the regulator )NP (VP handling (NP such operations )NP )VP )NP (VP was (VP retiring )VP )VP )S )SBAR )VP . )S  STOP
(S (NP His successor )NP (VP approved (NP the (ADJP $ 1 )ADJP price )NP (PP in (NP (NP the process )NP (PP of (S (VP clearing (NP (NP the *UNK- papers )NP (PP on (NP his desk )NP )PP )NP )VP )S )PP )NP )PP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP Dreyfus )NP (VP started (NP the first *UNKED retail fund )NP (PP in (NP February 1974 )NP )PP )VP )S )SBAR , (NP it )NP (VP (VP was (VP priced (PP at (NP (NP $ 10 )NP (NP a share )NP )NP )PP )VP )VP (PRN -LRB- and (VP reached (NP (NP (QP $ 1 billion )QP )NP (PP in (NP assets )NP )PP )NP (PP in (NP one year )NP )PP )VP )PRN )VP . -RRB- )S  STOP
(S (NP Dreyfus )NP (VP moved (PP to (NP the $ 1 price )NP )PP (SBAR after (S (NP the SEC )NP (VP set (NP (NP standards )NP (PRN -- (NP (NP an average *UNK- maturity )NP (PP of (NP *UNK- paper )NP )PP )NP -- )PRN (SBAR (WHNP that )WHNP (S (VP are (ADVP still )ADVP (NP the rule )NP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (S (VP *UNKING (NP the listed price )NP (PP at (NP a dollar )NP )PP )VP )S (VP is (ADVP primarily )ADVP (NP a convenience )NP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP the funds )NP (VP do (VP (VP *UNK )VP , but (VP (PP beyond (NP the third *UNK place )NP )PP )VP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP keeps (NP them )NP (PP at (NP $ 1 )NP )PP )VP . )S  STOP
(S (ADVP Eventually )ADVP , (NP (NP the money funds ' )NP success )NP (VP forced (NP (NP *UNK )NP (PP of (NP (NP *UNK )NP (PP on (NP bank interest rates )NP )PP )NP )PP (SBAR (S (VP to (VP allow (S (NP banks )NP (VP to (VP offer (NP competing yields )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP The new instrument )NP (ADVP also )ADVP (VP introduced (NP many )NP (PP to (NP the industry )NP )PP )VP )S -- (S (NP (NP 30 % )NP (PP of (NP fund owners )NP )PP )NP (PRN -LRB- (S (NP there )NP (VP are (NP (QP more than 54 million )QP accounts )NP )VP )S -RRB- )PRN (VP started (PP with (NP a money fund )NP )PP )VP )S . )S  STOP
(S (NP Today )NP (NP (NP (QP more than *UNKN )QP money market funds )NP )NP (VP have (NP (NP total assets )NP (VP exceeding (NP (QP $ 350 billion )QP )NP )VP )NP )VP . )S  STOP
(S -LRB- (NP The *UNK tax-exempt funds )NP (VP add (NP (QP $ 71 billion )QP )NP )VP . -RRB- )S  STOP
(S (NP (NP Dreyfus )NP (ADVP alone )ADVP )NP (VP has (VP seen (S (NP its money market funds )NP (VP grow (PP from (NP (QP $ 1 billion )QP )NP (PP in (NP 1975 )NP )PP )PP (PP to (NP (QP *UNK to $ 15 billion )QP )NP (NP today )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP (NP Procter & Gamble Co. )NP and (NP *UNKC Corp. )NP )NP (VP said (SBAR (S (NP they )NP (VP received (NP (NP early *UNK )NP (PP of (NP (NP the waiting period )NP (PP under (NP the *UNKC Act )NP )PP (PP regarding (NP (NP the proposed (ADJP (QP $ 1.4 billion )QP )ADJP merger )NP (PP of (NP Noxell )NP )PP (PP into (NP P&G )NP )PP )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Shareholders )NP (PP of (NP (NP Noxell )NP , (PP of (NP (NP Hunt Valley )NP , (NP Md. )NP , )NP )PP )NP )PP )NP (VP will (VP vote (PP on (NP the merger )NP )PP (PP at (NP a special meeting )NP )PP (PP on (NP Nov. 30 )NP )PP )VP )VP )S , (NP the companies )NP (VP said )VP . )S  STOP
(S (NP (NP P&G )NP , (NP Cincinnati )NP , )NP (VP agreed (S (VP to (VP exchange (NP (NP (NP *UNKN share )NP (PP of (NP its common stock )NP )PP )NP )NP (PP for (NP (NP each share )NP (PP of (NP Noxell (UCP common and Class B )UCP stock )NP )PP )NP )PP , (NP (NP a total )NP (PP of (NP (QP about 11 million )QP P&G shares )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP The transaction )NP (VP would (VP mark (NP (NP the entry )NP (PP of (NP P&G )NP )PP (PP into (NP cosmetics )NP )PP )NP )VP )VP . )S  STOP
(S (NP The company )NP (ADVP already )ADVP (VP markets (NP (NP a wide range )NP (PP of (NP *UNK , food , household and health-care products )NP )PP )NP )VP . )S  STOP
(S (NP (NP Shareholders )NP (PP of (NP *UNKC *UNKC . H. )NP )PP )NP (VP postponed (NP (NP their formal *UNK )NP (PP of (NP (NP a merger )NP (PP with (NP Daimler-Benz AG )NP )PP )NP )PP )NP (PP until (NP (NP another meeting )NP (PP on (NP Nov. 17 )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The owners )NP (PP of (NP the defense and aerospace concern )NP )PP , (SBAR (WHNP which )WHNP (S (VP include (NP (NP three regional states )NP , (NP several industrial companies )NP and (NP banks )NP )NP )VP )S )SBAR , )NP (VP met (NP Friday )NP (S (VP to (VP discuss (NP (NP the final terms )NP (PP of (NP (NP the transaction )NP , (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP Daimler-Benz )NP (VP will (VP acquire (NP (NP *UNKN % )NP (FRAG (PP of )PP )FRAG )NP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP )S  STOP
(S But (NP agreement )NP (ADVP *UNKLY )ADVP (VP could n't (VP be (VP reached (PP because of (NP (NP opposition )NP (PP from (NP (NP the states )NP (PP of (NP *UNKC and *UNKC )NP )PP , (SBAR (WHNP which )WHNP (S (VP are (VP demanding (NP (NP (NP more influence )NP (PP over (NP the German *UNKC operations )NP )PP )NP and (NP (NP a better guarantee )NP (PP against (NP (NP job losses )NP (PP in (NP the troubled Northern German region )NP )PP )NP )PP )NP )NP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP The two states )NP and (NP (NP the state )NP (PP of (NP *UNKC )NP )PP )NP )NP (ADVP still )ADVP (VP hold (NP a majority )NP (PP in (NP *UNKC )NP )PP )VP , but (S (NP their stake )NP (VP will (VP fall (PP to (NP (QP around 30 )QP % )NP )PP (SBAR after (S (NP Daimler-Benz )NP (VP acquires (NP (NP its stake )NP (PP in (NP the concern )NP )PP )NP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (NP Jeffrey E. *UNKC )NP (VP was (VP named (S (NP (NP (NP vice president )NP and (NP chief economist )NP )NP (PP of (NP this commodity futures and options exchange )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP He )NP (VP had (VP been (NP (NP associate professor )NP (PP in (NP (NP the department )NP (PP of (NP finance )NP )PP )NP )PP (PP at (NP *UNKC Hall University )NP )PP )NP )VP )VP . )S  STOP
(S (NP *UNKC *UNKC Cos. )NP (VP said (SBAR (S (NP it )NP (VP completed (NP (NP its initial public offering )NP (PP of (NP (QP 2.5 million )QP common shares )NP )PP , (SBAR (WHNP which )WHNP (S (VP raised (NP (QP $ 30 million )QP )NP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The (NAC Tucson , Ariz. , )NAC operator )NP (PP of (NP *UNK- centers )NP )PP )NP (VP said (SBAR (S (NP proceeds )NP (VP will (VP be (VP used (UCP (PP for (NP expansion )NP )PP , (S (VP to (VP pay (NP debt )NP )VP )VP )S and (PP for (NP general corporate purposes )NP )PP )UCP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Oppenheimer & Co. )NP (VP was (NP the lead underwriter )NP )VP . )S  STOP
(S (NP The government )NP (VP issues (NP (NP its first reading )NP (PP on (NP third-quarter real gross national product )NP )PP )NP (NP this week )NP (PP in (NP (NP a report )NP (SBAR (WHNP that )WHNP (S (VP is (VP expected (S (VP to (VP disclose (NP (ADJP much *UNK )ADJP inflation )NP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP The consensus view )NP (PP on (NP (NP real GNP )NP , (NP (NP the total value )NP (PP of (NP (NP (NP the nation 's )NP output )NP (PP of (NP goods and services )NP )PP )NP )PP (VP adjusted (PP for (NP inflation )NP )PP )VP )NP , )NP )PP )NP (VP calls (PP for (NP (NP a (ADJP 2.3 % )ADJP gain )NP , (ADVP down (PP from (NP (NP the second quarter 's )NP 2.5 % )NP )PP )ADVP )NP )PP , (PP according (PP to (NP (NP *UNKC International )NP , (NP (NP a unit )NP (PP of (NP (NP *UNKC Inc. )NP , (NP New York )NP )NP )PP )NP )NP )PP )PP )VP . )S  STOP
(S But (NP inflation )NP , (SBAR as (S (VP measured (PP by (NP the GNP *UNK )NP )PP (PP in (NP (NP Thursday 's )NP report )NP )PP )VP )S )SBAR , (VP is (VP expected (S (VP to (VP rise (NP (NP (QP only 3.5 )QP % )NP , (ADVP down (PP from (NP (NP 4.6 % )NP (PP in (NP the second quarter )NP )PP )NP )PP )ADVP )NP )VP )VP )S )VP )VP . )S  STOP
(S `` (S (NP *UNKC )NP (VP could (VP be (NP a real surprise )NP )VP )VP )S , '' (VP said )VP (NP (NP Samuel D. *UNKC )NP , (NP (NP chief financial economist )NP (PP at (NP (NP Kleinwort Benson Government Securities Inc. , )NP (PP in (NP Chicago )NP )PP )NP )PP )NP )NP . )S  STOP
(S `` (S (SBAR If (S (NP that )NP (VP gets (S (NP people )NP (ADJP *UNKED )ADJP )S )VP )S )SBAR , (NP it )NP (VP could (VP serve (PP as (NP (NP an *UNK )NP (PP to (NP the fixed-income markets )NP )PP (S (VP to (VP lower (NP their rates )NP )VP )VP )S )NP )PP )VP )VP )S , '' (NP he )NP (VP added )VP . )S  STOP
(S (NP (NP The week 's )NP other *UNK indicators )NP (VP include (NP (NP mid-October auto sales )NP , (NP September durable goods orders )NP (CONJP as well as )CONJP (NP (NP September personal income )NP , (NP personal consumption )NP and (NP the saving rate )NP )NP )NP )VP . )S  STOP
(S (NP Most )NP (VP are (VP expected (S (VP to (VP fall (PP below (NP *UNK- levels )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP Many economists )NP (VP see (NP (NP (ADJP even slower )ADJP GNP growth )NP (PP for (NP (NP the remainder )NP (PP of (NP the year )NP )PP )NP )PP )NP , (PP with (S (NP some )NP (VP *UNKING (ADVP more strongly )ADVP (PP toward (NP a possible recession )NP )PP )VP )S )PP )VP . )S  STOP
(S (PP In (NP (NP addition )NP (PP to (NP (NP (NP softer production data )NP , (NP weaker housing starts )NP and (NP lower corporate profits )NP )NP (PP (ADVP currently )ADVP in (NP evidence )NP )PP )NP )PP )NP )PP , (NP some analysts )NP (VP believe (SBAR (S (NP (NP the two recent natural disasters )NP -- (NP (NP Hurricane Hugo )NP and (NP the San Francisco earthquake )NP )NP -- )NP (VP will (VP carry (NP economic *UNK )NP (PP in (NP the fourth quarter )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The recent *UNK- , 190-point drop )NP (PP in (NP the Dow Jones Industrial Average )NP )PP )NP (VP seems (S (VP to (VP be (ADJP significant (PP to (NP economists )NP )PP )ADJP (PP (ADVP mainly )ADVP for (NP (NP its *UNK comment )NP (PP on (NP (NP the poor quality )NP (PP of (NP (NP third-quarter profits )NP (VP (ADVP now )ADVP being (VP reported )VP )VP )NP )PP )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(SINV `` (S (NP The stock market )NP (VP is (ADJP sick )ADJP (SBAR because (S (NP profits )NP (VP are (VP *UNKING )VP )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP Michael K. Evans )NP , (NP (NP president )NP (PP of (NP (NP Evans Economics Inc. )NP , (NP Washington )NP )NP )PP )NP )NP . )SINV  STOP
(S (S (NP The economy )NP (PRN , (S (NP he )NP (VP noted )VP )S , )PRN (VP moves (NP the market )NP )VP )S , (FRAG (ADVP not vice *UNK )ADVP )FRAG . )S  STOP
(S (PP On (NP the other hand )NP )PP , (NP Mr. Evans )NP (VP expects (S (NP (NP the hurricane )NP and (NP the earthquake )NP )NP `` (VP to (VP take (NP a *UNK )NP (PP out (PP of (NP fourth-quarter GNP )NP )PP )PP )VP )VP )S )VP . '' )S  STOP
(S (NP (NP His estimate )NP (PP of (NP 3.3 % )NP )PP (PP for (NP third-quarter GNP )NP )PP )NP (VP is (ADJP (ADJP higher )ADJP (PP than (NP the consensus )NP )PP )ADJP (SBAR (ADVP largely )ADVP because (S (NP he )NP (VP believes (SBAR (S (NP current inventories )NP (VP are n't (ADJP (ADJP as low )ADJP (SBAR as (S (NP official figures )NP (VP indicate )VP )S )SBAR )ADJP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Demand )NP (PRN , (S (NP he )NP (VP believes )VP )S , )PRN (VP is (VP being (VP met (PP from (NP (NP *UNK )NP (PP rather than (NP new production )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (ADVP By and large )ADVP , (NP economists )NP (VP believe (SBAR (S (NP the two natural *UNK )NP (VP will (VP limit (NP (NP economic damage )NP (PP to (NP their regions )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Edward J. *UNKC )NP , (NP (NP economist )NP (PP at (NP (NP Brown Brothers *UNKC & Co. )NP , (NP New York )NP , )NP )PP )NP )NP (VP noted (SBAR that (S (NP (NP large increases )NP (PP in (NP construction activity )NP )PP (ADVP along (PP with (NP (UCP government and private )UCP relief efforts )NP )PP )ADVP )NP (VP could (VP offset (NP (NP loss )NP (PP of (NP production )NP )PP )NP (PP in (NP those areas )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Gary *UNKC )NP , (NP (NP economist )NP (PP at (NP (NP *UNKC Financial Group )NP , (NP (NP *UNKC )NP , (NP *UNKC )NP , )NP )NP )PP )NP )NP (VP expects (S (NP the *UNK )NP (VP to (VP rise (NP (NP 3.7 % )NP , (PP (ADVP well )ADVP below (NP (NP the second quarter 's )NP 4.6 % )NP )PP , )NP )VP )VP )S (PP (ADVP partly )ADVP because of (SBAR (WHNP what )WHNP (S (NP he )NP (VP believes (SBAR (S (VP will (VP be (NP (ADJP temporarily better )ADJP price behavior )NP )VP )VP )S )SBAR )VP )S )SBAR )PP )VP . )S  STOP
(S (NP He )NP (VP expects (NP (NP real GNP growth )NP (PP of (NP (QP only 2.1 )QP % )NP )PP (PP for (NP the quarter )NP )PP )NP , (S (VP noting (NP (NP a wider trade deficit )NP , (NP slower capital and government spending )NP and (NP the lower inventory figures )NP )NP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC *UNKC *UNKC )NP , (NP (NP chief economist )NP (PP at (NP (NP *UNKC Corp. )NP , (NP Minneapolis )NP )NP )PP )NP , )NP (VP holds (SBAR that (S (NP the recent stock-market volatility )NP `` (VP (VP increases (NP (NP the possibility )NP (PP of (NP economic recession )NP )PP )NP )VP and (VP *UNK (NP (NP the bad news )NP '' (PP from (NP recent trade deficit , employment and housing reports )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The consensus )NP (VP calls (PP for (NP (NP (NP a (ADJP 0.5 % )ADJP increase )NP (PP in (NP September personal income )NP )PP )NP and (NP (NP a (ADJP 0.3 % )ADJP gain )NP (PP in (NP consumption )NP )PP )NP )NP )PP )VP . )S  STOP
(S (PP In (NP August )NP )PP , (S (NP personal income )NP (VP rose (NP 0.4 % )NP )VP )S and (S (NP personal consumption )NP (VP increased (NP 0.9 % )NP )VP )S . )S  STOP
(S (NP (NP Charles *UNKC )NP , (NP (NP managing director )NP (PP of (NP financial markets *UNK )NP )PP (PP at (NP (NP Manufacturers Hanover Securities Corp. )NP , (NP New York )NP )NP )PP )NP , )NP (VP said (SBAR (S (NP *UNKC Hugo )NP (VP *UNKED (NP (QP 0.1 % to 0.2 % )QP )NP (PP from (NP *UNK- growth )NP )PP , (PP because of (NP (NP (ADJP greatly diminished )ADJP rental income )NP (PP from (NP tourism )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC goods orders )NP (PP for (NP September )NP )PP , (ADJP due (ADVP out )ADVP (NP tomorrow )NP )ADJP , )NP (VP are (VP expected (S (VP to (VP show (NP (NP a slip )NP (PP of (NP 1 % )NP )PP , (PP compared (PP with (NP (NP August 's )NP (ADJP 3.9 % )ADJP increase )NP )PP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP As (ADJP usual )ADJP )PP , (NP (NP estimates )NP (PP on (NP the *UNK report )NP )PP )NP (VP are (ADJP wide )ADJP , (S (VP running (PP (PP from (NP (NP a drop )NP (PP of (NP 3.5 % )NP )PP )NP )PP (PP to (NP (NP a gain )NP (PP of (NP 1.6 % )NP )PP )NP )PP )PP )VP )S )VP . )S  STOP
(S (NP *UNKC *UNKC Co. )NP (VP declared (NP (NP (NP (NP a regular quarterly dividend )NP (PP of (NP (NP 10 cents )NP (NP a share )NP )NP )PP )NP and (NP (NP an extra dividend )NP (PP of (NP (NP five cents )NP (NP a share )NP )NP )PP )NP )NP (PP on (NP its common stock )NP )PP , (ADJP payable (NP Dec. 15 )NP (PP to (NP (NP shares )NP (PP of (NP record )NP )PP (NP Nov. 17 )NP )NP )PP )ADJP )NP )VP . )S  STOP
(S (NP This )NP (VP is (NP (NP the *UNK consecutive quarter )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP the company )NP (VP has (VP paid (NP shareholders )NP (NP (NP an extra dividend )NP (PP of (NP five cents )NP )PP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The (NAC Hastings , Mich. , )NAC concern )NP (VP makes (NP (NP *UNK *UNK )NP , (NP *UNK )NP and (NP fuel *UNK )NP )NP )VP . )S  STOP
(S (NP (NP *UNKC PLC )NP , (NP a United Kingdom defense and engineering company )NP , )NP (VP said (SBAR (S (NP (NP an investment unit )NP (VP controlled (PP by (NP New Zealand financier Ron *UNKC )NP )PP )VP )NP (VP raised (NP (NP its stake )NP (PP in (NP the company )NP )PP )NP (NP Friday )NP (PP to (NP *UNKN % )NP )PP (PP (PP from (NP (QP about 14.6 )QP % )NP (NP Thursday )NP )PP and (PP from (NP *UNKN % )NP (NP the previous week )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC Securities Ltd. )NP , (NP (NP a unit )NP (PP of (NP (NP Mr. *UNKC 's )NP (ADVP Hong *UNKED )ADVP Industrial Equity (PRN -LRB- Pacific -RRB- )PRN Ltd. )NP )PP )NP , )NP (VP boosted (NP (NP its holdings )NP (PP in (NP *UNKC )NP )PP )NP (PP to (NP (QP *UNKN million )QP shares )NP )PP )VP . )S  STOP
(S (NP The latest purchase )NP (VP follows (NP (NP small increases )NP (PP in (NP his holdings )NP )PP (VP made (PP over (NP the past five months )NP )PP )VP )NP )VP . )S  STOP
(S (PP In (NP May )NP )PP , (NP (NP Mr. *UNKC 's )NP stake )NP (VP *UNK (PP to (NP 8.7 % )NP )PP (SBAR after (S (VP ranging (PP between (NP (NP 9 % )NP and (NP 11 % )NP )NP )PP (PP for (NP (NP much )NP (PP of (NP the previous year )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP Ron *UNKC )NP (ADVP clearly )ADVP (VP views (NP our company )NP (PP as (NP a good investment )NP )PP )VP )S , '' (NP a *UNKC spokesman )NP (VP said )VP . )S  STOP
(S (NP The spokesman )NP (VP refused (S (VP to (VP comment (PP on (NP speculation (SBAR that (S (NP Industrial Equity )NP (VP might (VP use (NP its interest )NP (PP as (NP (NP a platform )NP (SBAR (S (VP to (VP launch (NP (NP a hostile bid )NP (PP for (NP the company )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (VP (VP makes (NP (NP (NP tanks )NP (PP for (NP the U.K. army )NP )PP )NP , (NP *UNKC *UNKC cars )NP , )NP )VP and (VP has (NP (ADJP *UNK and medical )ADJP businesses )NP )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP *UNKC Andersson )NP (VP set (PRT out )PRT (S (VP to (VP revive (NP *UNKING Swedish conglomerate Trelleborg AB )NP )VP )VP )S (PP in (NP the early 1980s )NP )PP )VP )S )SBAR , (NP he )NP (VP *UNKED (NP (NP the advice )NP (PP of (NP *UNK management consultants )NP )PP )NP )VP . )S  STOP
(S `` (S (NP All these consultants )NP (VP kept (VP coming (PRT around )PRT (S (VP telling (NP us )NP (SBAR (S (NP we )NP (VP should (VP (VP concentrate (PP on (NP (NP high technology )NP , (NP electronics )NP or (NP biotechnology )NP )NP )PP )VP , and (VP get (ADVP out (PP of (NP mature basic industries )NP )PP )ADVP )VP )VP )VP )S )SBAR )VP )S )VP )VP )S , '' (NP Mr. Andersson )NP (VP recalls )VP . )S  STOP
(S Yet (PP under (NP its *UNK- president )NP )PP , (NP Trelleborg )NP (VP moved (ADVP aggressively )ADVP (PP into (NP those *UNK base industries )NP )PP -- (S (ADVP first )ADVP (VP (VP strengthening (NP its existing *UNK and plastics division )NP )VP , (VP (ADVP later )ADVP adding (NP (NP mining )NP (CONJP as well as )CONJP (NP building and construction materials )NP )NP )VP )VP )S )VP . )S  STOP
(S (NP It )NP (VP was (NP a *UNK move )NP (PP for (NP (NP a *UNK- executive )NP , (VP fired (PP after (NP (NP (QP only two )QP months )NP (PP as (NP (NP president )NP (PP of (NP his previous company )NP )PP )NP )PP )NP )PP )VP )NP )PP )VP . )S  STOP
(S But (S (VP going (PP against (NP the grain )NP )PP )VP )S (VP has (ADVP never )ADVP (VP *UNKED (NP Mr. Andersson )NP )VP )VP . )S  STOP
(S (S (VP *UNKING (NP his *UNK white *UNK )NP (PP during (NP a recent interview )NP )PP )VP )S , (NP the *UNK *UNKC )NP (VP *UNK : `` (S (NP It )NP (VP turned (PRT out )PRT (S (VP to (VP be (ADJP lucky )ADJP (PP for (NP us )NP )PP )VP )VP )S )VP )S )VP . )S  STOP
(S (SBAR If (S (NP the whole market )NP (VP thinks (SBAR (S (SBAR (WHNP what )WHNP (S (NP you )NP (VP 're (VP doing )VP )VP )S )SBAR (VP is (ADJP crazy )ADJP )VP )S )SBAR )VP )S )SBAR (NP you )NP (VP do n't (VP have (NP much competition )NP )VP )VP . '' )S  STOP
(S (NP Mr. Andersson )NP (VP is (ADJP anxious (S (VP to (VP strengthen (NP (NP Trelleborg 's )NP balance sheet )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP he )NP (VP did n't (VP waste (NP much time )NP (S (VP getting (VP started )VP )VP )S )VP )VP . )S  STOP
(S (PP On (NP Tuesday )NP )PP , (NP (NP Trelleborg 's )NP directors )NP (VP announced (NP plans (S (VP to (VP spin (PRT off )PRT (NP (NP two big divisions )NP -- (NP (NP *UNK processing )NP , and (NP building and distribution )NP )NP -- )NP (PP as (NP (NP (ADJP separately quoted )ADJP companies )NP (PP on (NP (NP Stockholm 's )NP Stock Exchange )NP )PP )NP )PP )VP )VP )S )NP )VP . )S  STOP
(S (S (PP At (NP current market prices )NP )PP , (NP (NP the *UNK public offerings )NP (SBAR (S (VP to (VP be (VP completed (NP next year )NP )VP )VP )VP )S )SBAR )NP (VP would (VP add (NP (NP an estimated (QP 2.5 billion )QP Swedish kronor )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP (PP to (NP (NP Trelleborg 's )NP *UNK )NP )PP )VP )VP )S , (NP analysts )NP (VP say )VP . )S  STOP
(S (NP The board )NP (VP had (ADVP also )ADVP (VP been (VP expected (S (VP to (VP approve (NP (NP a (QP *UNKC billion )QP international offering )NP (PP of (NP new Trelleborg shares )NP )PP )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S But (S (NP (NP that share issue )NP -- (VP intended (S (VP to (VP make (S (NP Trelleborg )NP (ADJP better known )ADJP (PP among (NP international investors )NP )PP )S )VP )VP )S )VP -- )NP (VP was (VP postponed (SBAR until (S (NP market conditions )NP (VP stabilize )VP )S )SBAR )VP )VP )S , (NP (NP people )NP (ADJP familiar (PP with (NP the situation )NP )PP )ADJP )NP (VP say )VP . )S  STOP
(S (NP (NP Trelleborg 's )NP (ADJP internationally traded )ADJP `` *UNKC '' series stock )NP (VP plunged (NP (NP *UNKC )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN )NP (PP to (NP (NP *UNKC )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN )NP )PP (PP in (NP volatile trading )NP )PP (NP Monday )NP (PP in (NP Stockholm )NP )PP )VP . )S  STOP
(S (NP Tuesday )NP , (NP the shares )NP (VP *UNKED (NP *UNKC )NP , (S (VP closing (PP at (NP *UNKC )NP )PP )VP )S )VP . )S  STOP
(S (NP Mr. Andersson )NP (VP says (SBAR (S (NP he )NP (VP is (ADJP confident (SBAR that (S (S (VP taking (S (NP (NP parts )NP (PP of (NP the company )NP )PP )NP (ADJP public )ADJP )S )VP )S (VP will (VP help (S (VP *UNK (NP (NP the `` conglomerate *UNK '' )NP (SBAR (WHNP that )WHNP (S (VP has (VP held (PRT down )PRT (NP (NP Trelleborg 's )NP share price )NP )VP )VP )S )SBAR )NP )VP )S )VP )VP )S )SBAR )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP Trelleborg )NP (VP plans (S (VP to (VP remain (NP (NP the dominant shareholder )NP (PP with (NP (NP stakes )NP (PP of (NP (NP slightly less )NP (PP than (NP (NP 50 % )NP (PP of (NP both units )NP )PP )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP The spinoff )NP (VP should (VP solve (NP a problem )NP (PP for (NP the parent )NP )PP )VP )VP . )S  STOP
(S (NP (NP A family foundation )NP (VP set (PRT up )PRT (PP by (NP late founder Henry *UNKC )NP )PP )VP )NP (VP controls (NP (NP 59 % )NP (PP of (NP (NP (NP Trelleborg 's )NP voting shares )NP (ADJP outstanding )ADJP )NP )PP )NP )VP . )S  STOP
(S But (NP the foundation *UNK )NP (VP require (S (NP the entire Trelleborg stake )NP (VP to (VP be (VP sold (PP in (NP the open market )NP )PP (SBAR if (S (NP control )NP (VP drops (PP below (NP 50 % )NP )PP )VP )S )SBAR )VP )VP )VP )S )VP . )S  STOP
(S (NP That possibility )NP (VP had (VP *UNK (ADVP closer )ADVP (SBAR as (S (NP (NP repeated new share offerings )NP (SBAR (S (VP to (VP finance (NP (NP Trelleborg 's )NP rapid growth )NP )VP )VP )S )SBAR )NP (ADVP steadily )ADVP (VP diluted (NP (NP the foundation 's )NP holding )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP That growth )NP (VP is (NP (NP the result )NP (PP of (NP (NP (NP Mr. Andersson 's )NP shopping spree )NP , (SBAR (WHPP during (WHNP which )WHNP )WHPP (S (NP he )NP (VP has (VP bought and sold (NP (QP more than 100 )QP companies )NP (PP during (NP the past five years )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP (NP Most )NP (PP of (NP the new *UNK )NP )PP )NP (VP were (UCP (ADJP barely profitable )ADJP , (CONJP if not )CONJP (NP *UNK loss makers )NP )UCP )VP . )S  STOP
(S (S (VP *UNKING (NP (NP *UNK )NP (VP gained (PP during (NP (NP earlier *UNK )NP (PP at (NP *UNK maker AB *UNKC )NP )PP )NP )PP )VP )NP )VP )S , (NP (NP Mr. Andersson )NP and (NP (NP a handful )NP (PP of (NP loyal *UNK )NP )PP )NP )NP (VP (VP (ADVP aggressively )ADVP stripped (ADVP away )ADVP (NP dead wood )NP )VP -- and (VP got (NP quick results )NP )VP )VP . )S  STOP
(S (NP The treatment )NP (VP turned (NP Trelleborg )NP (PP into (NP (NP one )NP (PP of (NP (NP *UNKC 's )NP (ADJP biggest and *UNKING )ADJP industrial concerns )NP )PP )NP )PP )VP . )S  STOP
(S (PP *UNKC (NP 1985 and 1988 )NP )PP , (S (NP sales )NP (VP *UNKED (ADVP (QP more than 10 )QP times )ADVP )VP )S and (S (NP pretax profit )NP (VP surged (ADVP almost *UNK )ADVP )VP )S . )S  STOP
(S (NP Many analysts )NP (VP expect (S (NP (NP Mr. Andersson )NP , (SBAR (WHNP who )WHNP (S (VP owns (NP (NP 1.7 % )NP (PP of (NP the company )NP )PP )NP )VP )S )SBAR , )NP (VP to (VP be (VP named (S (NP (NP Trelleborg 's )NP new chairman )NP )S (SBAR (WHADVP when )WHADVP (S (NP *UNKC *UNKC )NP (VP steps (ADVP down )ADVP (NP next year )NP )VP )S )SBAR )VP )VP )VP )S )VP . )S  STOP
(S But (NP the promotion )NP (VP is n't (ADJP likely (S (VP to (VP alter (NP (NP a management style )NP (SBAR (S (NP Mr. Andersson )NP (VP describes (PP as `` (S (VP (VP being (NP (NP the driving force )NP (VP leading (NP the troops )NP )VP )NP )VP , not (VP managing (PP by (S (VP sitting (ADVP back )ADVP (PP with (NP a *UNK )NP )PP (S (VP waiting (SBAR for (S (NP people )NP (VP to (VP bring (NP me )NP (NP ideas )NP )VP )VP )S )SBAR )VP )S )VP )S )PP )VP )VP )S )PP )VP )S )SBAR )NP )VP )VP )S )ADJP )VP . '' )S  STOP
(S (NP Last month )NP , (PP in (NP (NP his *UNK move )NP (ADVP yet )ADVP )NP )PP , (NP (NP Mr. Andersson )NP and (NP Trelleborg )NP )NP (VP joined (NP forces )NP (PP with (NP (NP Canada 's )NP *UNKC Inc. )NP )PP (PP in (NP (NP a joint (ADJP (QP $ 2 billion )QP )ADJP hostile takeover )NP (PP of (NP (NP another big Canadian mining concern )NP , (NP *UNKC Ltd )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Industry analysts )NP (VP suggest (SBAR that (S (NP (NP the *UNK )NP (PP of (NP *UNKC )NP )PP )NP (VP could (VP *UNK (NP Trelleborg )NP (PP from (NP a regional *UNKC success story )NP )PP (PP to (NP a *UNK- mining concern )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP Trelleborg )NP (VP is n't (PP in (NP (NP the same league )NP )NP )PP (ADVP yet )ADVP (PP as (NP (NP mining giants )NP (PP such as (NP (NP *UNKC Corp. )NP or (NP *UNKC Corp. )NP )NP )PP )NP )PP )VP )S , '' (VP says )VP (NP (NP Mike *UNKC )NP , (NP (NP a mining analyst )NP (PP at (NP (NP James Capel & Co. )NP , (NP London )NP )NP )PP )NP )NP . )SINV  STOP
(S `` But (NP we )NP (ADVP certainly )ADVP (VP like (SBAR (WHNP what )WHNP (S (NP we )NP (VP 've (VP seen (ADVP so far )ADVP )VP )VP )S )SBAR )VP . '' )S  STOP
(S But (NP Trelleborg )NP (ADVP still )ADVP (VP must (VP clear (NP some tough *UNK )NP )VP )VP . )S  STOP
(S (NP Mr. Andersson )NP (VP acknowledges (SBAR that (S (NP (NP the company 's )NP mining division )NP `` (VP will (VP be (ADJP busy )ADJP (PP for (NP a while )NP )PP (S (VP *UNKING (NP its recent expansion )NP )VP )S )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP *UNKING metals prices )NP (VP have (VP fueled (NP (NP Trelleborg 's )NP recent profit surge )NP , (S (VP raising (NP (NP (NP mining 's )NP share )NP (PP of (NP pretax profit )NP )PP )NP (PP to (NP 68 % )NP )PP (NP this year )NP (PP from (NP a big loss )NP (ADVP (NP two years )NP earlier )ADVP )PP )VP )S )VP )VP . )S  STOP
(S But (NP analysts )NP (VP caution (SBAR (S (NP (NP an expected fall )NP (PP in (NP metal prices )NP )PP (NP next year )NP )NP (VP could (VP slow (NP profit growth )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKING )NP (VP is (ADJP likely (S (VP to (VP remain (NP (NP Trelleborg 's )NP main business )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP Analysts )NP (VP say (SBAR (S (NP (NP its chances )NP (PP of (NP success )NP )PP )NP (VP will (ADVP likely )ADVP (VP *UNK (PP on (SBAR (WHADVP how well )WHADVP (S (NP Trelleborg )NP (VP manages (S (VP to (VP cooperate (PP with (NP *UNKC )NP )PP (PP in (NP the *UNKC venture )NP )PP )VP )VP )S )VP )S )SBAR )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC and Trelleborg )NP each (VP came (ADJP close (PP to (S (VP winning (NP (NP *UNKC )NP (ADVP alone )ADVP )NP )VP )S )PP )ADJP (PP before (NP the successful joint bid )NP )PP )VP . )S  STOP
(S (NP Some analysts )NP (VP say (SBAR (SBAR (S (NP *UNKC )NP (VP would (VP prefer (S (VP to (VP break (PRT up )PRT (NP *UNKC )NP )VP )VP )S )VP )VP )S )SBAR , and (SBAR that (S (NP (NP the *UNKC )NP -- (ADJP relatively *UNKED (PP in (NP international mining operations )NP )PP )ADJP -- )NP (VP could (VP have (NP problems )NP (S (VP holding (NP their own )NP (PP with (S (NP (NP a (ADJP much bigger )ADJP partner )NP (PP like (NP *UNKC )NP )PP )NP (VP operating (PP on (NP its home turf )NP )PP )VP )S )PP )VP )S )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP Mr. Andersson )NP (VP insists (SBAR that (S (NP Trelleborg and Noranda )NP (VP have n't (VP discussed (NP a *UNKC *UNK- )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Falconbridge )NP (PRN , (S (NP he )NP (VP says )VP )S , )PRN (VP will (VP continue (S (VP operating (PP in (NP its current form )NP )PP )VP )S )VP )VP . )S  STOP
(S `` (NP We )NP (VP 'd (VP be (ADJP reluctant (S (VP to (VP accept (NP (NP *UNKN ownership )NP (PP in (NP a manufacturing company )NP )PP )NP )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (S But (NP such partnerships )NP (VP are (ADJP common )ADJP (PP in (NP (NP mining )NP , (SBAR (WHADVP where )WHADVP (S (NP there )NP (VP are n't (NP (NP problems )NP or (NP (NP conflict )NP (PP of (NP interest )NP )PP )NP or (NP (NP risk )NP (PP of (NP (NP *UNKING )NP (PP by (NP a partner )NP )PP )NP )PP )NP )NP )VP )S )SBAR )NP )PP )VP )S , '' (NP (NP Trelleborg 's )NP president )NP (VP says )VP . )S  STOP
(S (S (ADJP (ADVP Perhaps )ADVP more important )ADJP )S , (NP both companies )NP (VP share (NP (NP (NP Mr. Andersson 's )NP belief )NP (PP in (NP (NP the coming *UNK )NP (PP of (NP base industries )NP )PP )NP )PP )NP )VP . )S  STOP
(S `` (S (SBAR If (S (NP the 1980s )NP (VP were (NP (NP a decade )NP (PP of (NP consumption )NP )PP )NP )VP )S )SBAR , (NP the *UNK )NP (VP will (VP be (NP the investment decade )NP )VP )VP )S , '' (NP Mr. Andersson )NP (VP says )VP . )S  STOP
(S `` (S (NP (NP The whole )NP (PP of (NP (NP Europe )NP and (NP the industrialized world )NP )NP )PP )NP (VP is (VP suffering (PP from (NP (NP a breakdown )NP (PP in (NP infrastructure investment )NP )PP )NP )PP )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (NP That )NP (VP 's (VP beginning (S (VP to (VP change )VP )VP )S )VP )VP . )S  STOP
(S And (NP investment )NP (VP is (NP the key word )NP (PP for (NP (NP base metals )NP , and (NP (NP most other businesses )NP (SBAR (S (NP Trelleborg )NP (VP is (PP in )PP )VP )S )SBAR )NP )NP )PP )VP . )S  STOP
(S (NP Apple Computer Inc. )NP (VP posted (NP improved fiscal fourth-quarter profit )NP (ADVP due largely (PP to (NP (NP a (ADJP (QP $ 48 million )QP )ADJP gain )NP (PP on (NP (NP the sale )NP (PP of (NP (NP its stock )NP (PP in (NP *UNKC Systems Inc )NP )PP )NP )PP )NP )PP )NP )PP )ADVP )VP . )S  STOP
(S (PP Excluding (NP the gain )NP )PP , (NP the company )NP (VP registered (NP (NP a modest (ADJP 4.6 % )ADJP increase )NP (PP for (NP (NP the quarter )NP (VP ended (NP Sept. 29 )NP )VP )NP )PP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 87 cents )NP (NP a share )NP )NP )NP )PP , (PP from (NP (NP the year-earlier (QP $ *UNKN million )QP )NP , or (NP (NP *UNK cents )NP (NP a share )NP )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Proceeds )NP (PP of (NP the *UNKC sale )NP )PP )NP (VP brought (NP (NP net income )NP (PP in (NP the quarter )NP )PP )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ 1.24 )NP (NP a share )NP )NP )NP )PP )VP . )S  STOP
(S (NP Apple shares )NP (VP fell (NP 75 cents )NP (PP in (NP over-the-counter trading )NP )PP (S (VP to (VP close (PP at (NP (NP $ 48 )NP (NP a share )NP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC fourth-quarter sales )NP (VP grew (NP (QP about 18 )QP % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP . )S  STOP
(S (PP Without (NP the *UNKC gain )NP )PP , (NP (NP Apple 's )NP full-year operating profit )NP (VP edged (ADVP up (NP 1.5 % )NP )ADVP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP , (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )VP . )S  STOP
(S (PP *UNKING (NP the *UNKC gain )NP )PP , (NP full-year net )NP (VP was (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )VP . )S  STOP
(S (NP (NP Sales )NP (PP for (NP the year )NP )PP )NP (VP rose (NP (QP nearly 30 )QP % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (NP (QP $ *UNKN billion )QP )NP (ADVP (NP a year )NP earlier )ADVP )NP )PP )VP . )S  STOP
(S (NP (NP John *UNKC )NP , (NP (NP chairman )NP and (NP chief executive officer )NP )NP , )NP (VP credited (NP (NP the *UNKC *UNKC and *UNKC computers )NP , (VP introduced (PP in (NP the winter )NP )PP )VP , )NP (PP for (NP the *UNKED sales performance )NP )PP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (ADVP also )ADVP (VP indicated (SBAR that (S (NP (NP sagging margins )NP , (SBAR (WHNP which )WHNP (S (VP *UNKED (NP the company )NP (PP through (NP (NP most )NP (PP of (NP 1989 )NP )PP )NP )PP )VP )S )SBAR , )NP (VP began (S (VP to (VP turn (PRT up )PRT (PP in (NP the fourth quarter )NP )PP (SBAR as (S (NP chip prices )NP (VP eased )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP (NP *UNKC pressure )NP (PP on (NP gross margins )NP )PP )NP ... (VP has (VP *UNKED )VP )VP )S , '' (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (NP *UNKC )NP (PP in (NP the fiscal fourth quarter )NP )PP (VP *UNKED (PRT up )PRT , (S (VP rising (PP to (NP 51 % )NP )PP (PP from (NP *UNKN % )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP )S )VP . )S  STOP
(S (PP For (NP (NP all )NP (PP of (NP fiscal 1989 )NP )PP )NP )PP , (ADVP however )ADVP , (NP the average gross margin )NP (VP was (NP (NP 49 % )NP , (PP below (NP (NP the average 1988 gross margin )NP (PP of (NP 51 % )NP )PP )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP *UNKC component costs )NP -- (PP (ADVP especially )ADVP for (NP (NP *UNKC )NP , or (NP dynamic random access memory chips )NP )NP )PP -- )NP (VP were (VP cited (PP for (NP (NP the easing )NP (PP of (NP (NP margin pressure )NP (PP on (NP the company )NP )PP )NP )PP )NP )PP )VP )VP )S , (NP a spokeswoman )NP (VP said )VP . )S  STOP
(S (S (VP Looking (ADVP ahead )ADVP (PP to (NP 1990 )NP )PP )VP )S , (NP Mr. *UNKC )NP (VP predicted `` (NP (NP another year )NP (PP of (NP significant revenue growth )NP )PP , '' (ADVP along (PP with (NP improved profitability )NP )PP )ADVP , (SBAR as (S (NP (NP the recovery )NP (PP in (NP gross margins )NP )PP )NP (VP continues (PP into (NP 1990 )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Gary J. *UNKC )NP , (ADJP (NP 44 years )NP old )ADJP , )NP (VP was (VP named (S (NP (NP president )NP and (NP chief operating officer )NP )NP )S )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP makes (NP (NP *UNK- materials )NP (SBAR (WHNP that )WHNP (S (NP it )NP (VP describes (PP as `` (NP plastic wood )NP )PP )VP )S )SBAR )NP )VP . '' )S  STOP
(S (NP (NP The operating chief 's )NP post )NP (VP is (ADJP new )ADJP )VP . )S  STOP
(S (NP (NP Martin *UNKC )NP , (NP 51 )NP , (SBAR (WHNP who )WHNP (S (VP had (VP been (NP president )NP )VP )VP )S )SBAR , )NP (VP was (VP named (S (NP vice chairman )NP )S )VP )VP . )S  STOP
(S (NP He )NP (VP remains (NP chief executive officer )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP was (NP (NP (NP vice president )NP and (NP chief operating officer )NP )NP (PP of (NP (NP the *UNKC division )NP (PP of (NP *UNKC Technology Corp )NP )PP )NP )PP )NP )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP the board )NP (VP expanded (PP to (NP six members )NP )PP (PP with (NP (NP the election )NP (PP of (NP (NP David L. *UNKC )NP , (NP a consultant )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP The company )NP (ADVP also )ADVP (VP said (SBAR (S (NP it )NP (ADVP privately )ADVP (VP placed (NP stock and warrants )NP (PP in (NP (NP exchange )NP (PP for (NP $ *UNKN )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Terry L. *UNKC )NP , formerly (NP (NP general manager )NP (PP of (NP Canadian operations )NP )PP )NP , )NP (VP was (VP elected (PP to (NP (NP the new position )NP (PP of (NP (NP vice president )NP , (NP North American sales )NP , (PP of (NP this plastics concern )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (ADVP Also )ADVP , (NP (NP Larry A. *UNKC )NP , (NP (NP executive vice president )NP , (NP North American operations )NP )NP , )NP (VP was (VP named (S (NP (NP (NP head )NP (PP of (NP (NP the company 's )NP international automotive operations )NP )PP )NP , (NP another new position )NP )NP )S )VP )VP . )S  STOP
(S (S (NP He )NP (VP remains (NP an executive vice president )NP )VP )S (PRN , (S (NP the company )NP (VP said )VP )S , )PRN and (S (NP his new position )NP (VP reflects `` (NP (NP the growing importance )NP (PP of (NP the world automotive market )NP )PP (PP as (NP (NP a market )NP (PP for (NP (NP A. *UNKC 's )NP high performance plastic materials )NP )PP )NP )PP )NP )VP )S . '' )S  STOP
(S (S (S (NP *UNKC *UNKC )NP (VP will (VP succeed (NP Mr. *UNKC )NP (PP as (NP (NP manager )NP (PP of (NP Canadian operations )NP )PP )NP )PP )VP )VP )S , and (S (NP (NP Mr. *UNKC 's )NP former position )NP (VP is n't (VP being (VP filled (PP at (NP this time )NP )PP )VP )VP )VP )S )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP General Electric Co. )NP (VP said (SBAR (S (NP it )NP (VP signed (NP (NP a contract )NP )NP (PP with (NP (NP the developers )NP (PP of (NP the Ocean State Power project )NP )PP )NP )PP (PP for (NP (NP the second phase )NP (PP of (NP (NP an independent (ADJP (QP $ 400 million )QP )ADJP power plant )NP , (SBAR (WHNP which )WHNP (S (VP is (VP being (VP built (PP in (NP (NP *UNKC )NP , (NP *UNKC )NP )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP GE )NP , (ADVP along (PP with (NP (NP a division )NP (PP of (NP (NP *UNKC )NP , (NP (NP a subsidiary )NP (PP of (NP *UNKC Corp. )NP )PP )NP )NP )PP )NP )PP )ADVP , )NP (VP have (VP been (VP building (NP (NP the first *UNK- phase )NP (PP of (NP the project )NP )PP , (SBAR (WHNP which )WHNP (S (NP they )NP (VP expect (S (VP to (VP complete (PP in (NP late 1990 )NP )PP )VP )VP )S )VP )S )SBAR )NP )VP )VP )VP . )S  STOP
(S (NP The second portion )NP (VP will (VP be (VP completed (NP the following year )NP )VP )VP )VP . )S  STOP
(S (NP (NP GE 's )NP Power *UNKC subsidiary )NP (VP will (VP operate and maintain (NP the plant )NP (PP upon (NP its completion )NP )PP )VP )VP . )S  STOP
(S (NP The Environmental Protection Agency )NP (VP is (VP getting (NP a lot )NP (PP out (PP of (NP the Superfund program )NP )PP )PP )VP )VP . )S  STOP
(S (S (PP Of (NP (NP the (QP $ 4.4 billion )QP )NP (VP spent (ADVP so far )ADVP (PP on (NP the program )NP )PP )VP )NP )PP , (NP (NP 60 % )NP )NP (VP is (VP going (PP for (NP (NP administrative costs )NP , (NP management )NP and (NP research )NP )NP )PP )VP )VP )S , (NP (NP the Office )NP (PP of (NP Technology *UNKC )NP )PP )NP (ADVP just )ADVP (VP reported )VP . )S  STOP
(S (NP (QP Only 36 of *UNKN )QP priority cleanup sites )NP (VP have (VP been `` (VP *UNKED )VP )VP )VP . '' )S  STOP
(S (PP Over (NP the next 50 years )NP )PP , (NP (QP $ 500 billion )QP )NP (VP is (VP earmarked (PP for (NP the program )NP )PP )VP )VP . )S  STOP
(S (PP At (NP current *UNK )NP )PP , (NP that )NP (VP means (SBAR (S (NP EPA )NP (VP will (VP be (VP spending (NP (QP $ 300 billion )QP )NP (PP on (NP itself )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP may not (VP be (ADJP toxic )ADJP )VP )VP , but (S (NP we )NP (VP know (SBAR (WHADVP where )WHADVP (S (NP one waste dump )NP (VP is )VP )S )SBAR )VP )S . )S  STOP
(S (NP *UNKC Development Co. )NP (VP said (SBAR (S (NP its Security Bureau Inc. unit )NP (VP purchased (NP (NP two security concerns )NP (PP in (NP Florida )NP )PP (SBAR (WHNP that )WHNP (S (VP will (VP add (NP (NP (QP $ 2.1 million )QP )NP (PP of (NP annual revenue )NP )PP )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP (NP the businesses )NP (VP serving (NP (NP (NP Miami )NP , (NP Fort *UNKC )NP and (NP West *UNKC Beach )NP )NP , (NP Fla. )NP , )NP )VP )NP )PP )NP (VP is (NP (NP part )NP (PP of (NP (NP a plan )NP (PP by (NP *UNKC )NP )PP (S (VP to (VP expand (PP in (NP the growing security industry )NP )PP )VP )VP )S )NP )PP )NP )VP . )S  STOP
(S (NP Terms )NP (VP were n't (VP disclosed )VP )VP . )S  STOP
(S (NP *UNKC AG )NP (VP said (SBAR (S (NP it )NP (VP (VP moved (NP (NP its headquarters )NP (PP for (NP Latin America )NP )PP )NP (PP to (NP Mexico )NP )PP )VP and (VP (NP (NP the headquarters )NP (PP for (NP the *UNKC regional division )NP )PP )NP (PP to (NP Singapore )NP )PP )VP , (S (ADJP effective )ADJP (NP *UNKC )NP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The central offices )NP (PP for (NP both regions )NP )PP )NP (VP were (ADVP previously )ADVP (VP located (PP in (NP (NP *UNKC )NP , (NP *UNKC headquarters )NP )NP )PP )VP )VP . )S  STOP
(S (NP The (ADJP West German )ADJP chemical concern )NP (VP called (S (NP the moves )NP (NP (NP a further step )NP (PP in (NP (NP the *UNK )NP (PP of (NP its business activities )NP )PP )NP )PP )NP )S )VP . )S  STOP
(S (S (NP Both regions )NP (VP are (NP (NP the fastest-growing areas )NP (PP for (NP *UNKC )NP )PP )NP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP (NP David H. *UNKC )NP , (ADJP (NP 53 years )NP old )ADJP , )NP (VP was (VP named (S (NP (NP (NP president )NP and (NP chief operating officer )NP )NP (PP of (NP (NP (NP *UNKC 's )NP *UNK- *UNKC Drug Stores Inc. unit )NP , (VP based (PP in (NP (NP *UNKC )NP , (NP Va )NP )NP )PP )VP )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP was (NP (NP senior executive vice president )NP and (NP chief operating officer )NP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (NP a tobacco , retailing , restaurant and financial services concern )NP )VP . )S  STOP
(S (S (NP Lotus Development Corp. )NP (VP is (PP in (NP talks )NP )PP (S (VP to (VP sell (NP its *UNKC *UNK- service )NP (PP to (NP (NP *UNKC Inc. )NP , (NP (NP the New York parent )NP (PP of (NP Financial News Network )NP )PP )NP )NP )PP )VP )VP )S )VP )S , (NP (NP people )NP (ADJP familiar (PP with (NP the negotiations )NP )PP )ADJP )NP (VP said )VP . )S  STOP
(S (NP They )NP (VP said (SBAR (S (NP the price )NP (VP would (VP be (NP (QP around $ 10 million )QP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP (VP has (NP an estimated 10,000 subscribers )NP )VP and (VP is (ADJP profitable )ADJP )VP )VP )S )SBAR , )NP (VP provides (NP stock quotes )NP (PP over (NP (NP an *UNK radio band )NP (SBAR (WHNP that )WHNP (S (VP can (VP be (VP received (PP by (NP (ADJP *UNKLY *UNKED )ADJP personal computers )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The computers )NP (VP will (VP display (NP (NP stock prices )NP (VP selected (PP by (NP users )NP )PP )VP )NP )VP )VP . )S  STOP
(S (NP (NP Lotus )NP , (NP (NP Cambridge )NP , (NP Mass. )NP )NP , )NP (VP has (VP been (VP rumored (S (VP to (VP have (NP (NP the sale )NP (PP of (NP the *UNK- unit )NP )PP )NP (PP under (NP consideration )NP )PP (PP for (NP a year )NP )PP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP The business )NP (VP is n't (ADJP related (PP to (NP (NP (NP Lotus 's )NP main businesses )NP (PP of (S (VP (VP making (NP computer software )NP )VP and (VP publishing (NP information )NP (PP on (NP compact disks )NP )PP )VP )VP )S )PP )NP )PP )ADJP )VP . )S  STOP
(SINV `` (S (INTJ *UNKC )INTJ (VP submit (NP your offers )NP )VP )S , '' (VP says )VP (NP *UNKC *UNKC Jr )NP . )SINV  STOP
(S (NP He )NP (VP surveys (NP (NP the prospective investors )NP (VP gathered (PP in (NP (NP the board room )NP (PP of (NP (NP the Philippine government 's )NP Asset *UNKC Trust )NP )PP )NP )PP (PP for (NP (NP the sale )NP (PP of (NP (NP a (ADJP 36 % )ADJP interest )NP (PP in (NP (NP the country 's )NP largest paper mill )NP )PP )NP )PP )NP )PP )VP )NP )VP . )S  STOP
(S (NP The agency )NP (VP expects (S (NP the bids )NP (VP to (VP be (ADJP equivalent (PP of (NP (QP more than $ 80 million )QP )NP )PP )ADJP )VP )VP )S )VP . )S  STOP
(S (NP (QP Not a )QP *UNK )NP (VP is (VP offered )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (NP (NP the trust 's )NP associate executive trustee )NP )NP , (VP declares (S (NP the bidding )NP (NP a failure )NP )S )VP . )S  STOP
(S `` (S (NP (NP It )NP )NP (VP 's (VP getting (ADJP harder )ADJP (S (VP to (VP sell )VP )VP )S )VP )VP )S , '' (NP he )NP (VP *UNK (SBAR as (S (NP he )NP (VP leaves (NP the room )NP )VP )S )SBAR )VP . )S  STOP
(S (INTJ Indeed )INTJ . (ADVP Recently )ADVP , (NP the trust )NP (VP failed (S (VP to (VP auction (PRT off )PRT (NP (NP the paper mill )NP , (NP a bank )NP , (NP an office building )NP and (NP a small *UNKING plant )NP )NP )VP )VP )S )VP . )S  STOP
(S (PP Of (NP the four )NP )PP , (NP only (NP the bank )NP and (NP the plant )NP )NP (VP drew (NP (NP bids )NP -- (NP (NP one )NP (ADVP apiece )ADVP )NP )NP )VP . )S  STOP
(S (PP In (NP October 1987 )NP )PP , (NP President *UNKC *UNKC )NP (VP vowed (SBAR that (S (NP her government )NP (VP would (VP `` get (ADVP out (PP of (NP business )NP )PP )ADVP '' (PP by (S (VP selling (NP (NP all or part )NP (PP of (NP (NP (NP the state 's )NP holdings )NP (PP in (NP (NP the many companies )NP (VP taken (PRT over )PRT (PP by (NP the government )NP )PP (PP during (NP (NP the 20-year rule )NP (PP of (NP *UNKC Marcos )NP )PP )NP )PP )VP )NP )PP )NP )PP )NP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP (NP Two years )NP later )ADVP , (NP (NP Mrs. Aquino 's )NP promise )NP (VP remains (ADJP largely *UNKED )ADJP )VP . )S  STOP
(S (NP October )NP (VP is (NP a critical month )NP (PP for (NP the privatization program )NP )PP )VP . )S  STOP
(S (NP Manila )NP (VP (VP is (VP offering (NP several major assets )NP (PP for (NP the first time )NP )PP )VP )VP and (VP is (VP trying (S (VP to (VP conclude (NP (NP sales )NP (VP (ADVP already )ADVP arranged )VP )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP the government )NP (VP is (VP scheduled (S (VP to (VP unveil (NP (NP plans )NP (PP for (NP (S (VP *UNKING (NP (NP Philippine Airlines )NP , (NP the national carrier )NP )NP )VP )S , (NP (NP an effort )NP (SBAR (WHNP that )WHNP (S (NP lawyer and business columnist *UNKC *UNKC )NP (VP calls (S `` (NP (NP the bellwether )NP (PP of (NP privatization )NP )PP )NP )S )VP )S )SBAR )NP )NP )PP )NP )VP )VP )S )VP )VP . '' )S  STOP
(S (S (NP All )NP (VP told )VP )S , (NP there )NP (VP are (NP (NP (NP assets )NP (PP on (NP the line )NP )PP )NP (VP valued (PP at (NP (QP up to $ 1.03 billion )QP )NP )PP )VP )NP )VP . )S  STOP
(S (NP The privatization program )NP (VP is (VP designed (S (VP (VP to (VP rid (NP the government )NP (PP of (NP (NP hundreds )NP (PP of (NP assets )NP )PP )NP )PP )VP )VP and (VP to (VP raise (NP (ADJP *UNKLY needed )ADJP funds )NP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Much )NP (PP of (NP (NP the money )NP (PP from (NP the sales )NP )PP )NP )PP )NP (VP is (VP earmarked (PP for (NP a *UNK- *UNK- program )NP )PP )VP )VP . )S  STOP
(S But (NP efforts )NP (VP have (VP been (VP *UNKED (PP by (NP (NP official *UNK )NP , (NP bureaucratic resistance )NP , (NP (NP a legal system )NP (SBAR (WHNP that )WHNP (S (VP operates (PP at (NP (NP a *UNK 's )NP pace )NP )PP )VP )S )SBAR )NP , (NP political opposition )NP and (NP government *UNK )NP )NP )PP )VP )VP )VP . )S  STOP
(S (ADVP Most recently )ADVP , (NP (NP a lack )NP (PP of (NP buyers )NP )PP )NP (VP has (VP been (VP added (PP to (NP the list )NP )PP )VP )VP )VP . )S  STOP
(S (PP Rather than (S (VP gathering (NP momentum )NP )VP )S )PP , (NP the program )NP (VP is (PP in (NP (NP danger )NP (PP of (S (VP slowing (ADVP even more )ADVP (SBAR as (S (NP the government )NP (VP *UNK (NP several big assets )NP )VP )S )SBAR )VP )S )PP )NP )PP )VP . )S  STOP
(S (NP The *UNK )NP (VP appears (S (VP to (VP be (SBAR that (S (FRAG (X the more valuable )X (NP the asset )NP )FRAG , (FRAG (X the harder )X (NP the privatization process )NP )FRAG )S )SBAR )VP )VP )S )VP . )S  STOP
(S `` (S (NP You )NP (ADVP just )ADVP (VP do n't (VP see (S (NP a whole lot )NP (VP happening )VP )S )VP )VP )S , '' (VP says )VP (NP an international economist )NP . )S  STOP
(S (S (VP To (VP be (ADJP sure )ADJP )VP )VP )S , (NP the program )NP (VP has n't (VP (ADVP completely )ADVP stalled )VP )VP . )S  STOP
(S (NP (NP The Asset *UNKC Trust )NP , (NP (NP the agency )NP (ADJP *UNKLY responsible (PP for (S (VP selling (NP *UNK- properties )NP )VP )S )PP )ADJP )NP , )NP (VP has (VP recorded (NP (NP sales )NP (PP of (NP (QP more than $ 500 million )QP )NP )PP )NP (SBAR since (S (NP it )NP (VP began (S (VP *UNKING )VP )S (PP in (NP December 1986 )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S But (NP its success )NP (VP has (VP been (ADVP largely )ADVP (PP in (NP (NP the sale )NP (PP of (NP (NP small , *UNKING companies )NP , (SBAR (WHNP which )WHNP (S (VP are (VP valued (PP for (NP their assets )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (VP *UNKING (PP with (NP the sales )NP )PP (NP this month )NP )VP )S (VP could (VP be (ADJP particularly challenging )ADJP (SBAR because (S (NP (NP (ADJP almost every )ADJP problem )NP (SBAR (WHNP that )WHNP (S (VP has (VP *UNKED (NP the program )NP (PP in (NP the past )NP )PP )VP )VP )S )SBAR )NP (VP is (VP *UNKING (PRT up )PRT (ADVP again )ADVP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP *UNKC Garcia )NP , (NP (NP the Asset Trust 's )NP executive trustee )NP , )NP (VP admits (PP to (SBAR (WHNP what )WHNP (S (NP he )NP (VP calls (S `` (NP temporary *UNK )NP )S )VP )S )SBAR )PP )VP . '' )S  STOP
(S (PP In (NP (NP light )NP (PP of (NP (NP the poor results )NP (ADVP recently )ADVP )NP )PP )NP )PP (PRN , (S (NP he )NP (VP says )VP )S , )PRN (NP the agency )NP (VP is (VP adopting (NP (NP an `` attitude )NP (PP of (NP flexibility )NP )PP )NP )VP )VP . '' )S  STOP
(S (NP (NP October 's )NP troubles )NP (VP began (SBAR (WHADVP when )WHADVP (S (NP the trust )NP (VP failed (S (VP to (VP sell (NP (NP a state-owned commercial bank )NP , (NP Associated Bank )NP , )NP (PP for (NP (NP the minimum price )NP (PP of (NP (NP (QP *UNKN million )QP *UNK )NP (PRN -LRB- (NP (QP $ 31 million )QP )NP -RRB- )PRN )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP At (NP (NP the end )NP (PP of (NP the month )NP )PP )NP )PP , (NP the agency )NP (ADVP again )ADVP (VP will (VP offer (NP the bank )NP )VP )VP . )S  STOP
(S But (PP instead of (NP a minimum price )NP )PP , (NP only a target price )NP (VP will (VP be (VP established )VP )VP )VP . )S  STOP
(S (NP Bankers )NP (VP say , (ADVP however )ADVP , (SBAR that (S (NP the government )NP (VP may (VP have (NP difficulty )NP (S (VP selling (NP the institution )NP (PP (ADVP even )ADVP without (NP a floor price )NP )PP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The bank )NP (VP has (NP a negative net worth )NP )VP )S , (NP they )NP (VP say )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP special bidding rules )NP (VP give (NP (NP (NP the bank 's )NP former owner )NP , (NP *UNKC *UNK )NP , )NP (NP the right (S (VP to (VP match (NP the highest bid )NP )VP )VP )S )NP )VP . )S  STOP
(S (NP Mr. *UNK )NP (VP lost (NP control )NP (PP to (NP the government )NP )PP (PP in (NP 1980 )NP )PP (SBAR (WHADVP when )WHADVP (S (NP a government bank )NP (VP made (NP emergency loans )NP (PP to (NP the *UNKED institution )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP 1983 )NP )PP , (NP the loans )NP (VP were (VP converted (PP into (NP equity )NP )PP , (S (VP giving (NP Manila )NP (NP (NP 98 % )NP (PP of (NP the bank )NP )PP )NP , (FRAG but (PP with (NP the understanding (SBAR that (S (NP Mr. *UNK )NP (VP had (NP repurchase rights )NP )VP )S )SBAR )NP )PP )FRAG )VP )S )VP )VP . )S  STOP
(S (NP His ability (S (VP to (VP match (NP any bid )NP )VP )VP )S )NP (VP has (VP scared (PRT off )PRT (NP many potential buyers )NP )VP )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP the government )NP (VP will (VP try (ADVP again )ADVP (PP within (NP a month )NP )PP (S (VP to (VP sell (NP (NP the 36 % stake )NP (PP in (NP (NP (NP Paper Industries Corp. )NP (PP of (NP the Philippines )NP )PP )NP , or (NP (NP *UNKC )NP , (SBAR as (S (NP the paper mill )NP (VP is (VP known )VP )VP )S )SBAR )NP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP The price )NP (VP will (VP depend (PP on (SBAR (WHNP how much )WHNP (S (NP *UNKC shares )NP (VP fetch (PP on (NP the local stock market )NP )PP )VP )S )SBAR )PP )VP )VP . )S  STOP
(S But (PP according (PP to (NP (NP (NP bankers )NP and (NP stock analysts )NP )NP (SBAR (WHNP who )WHNP (S (VP have (VP studied (NP the paper mill )NP )VP )VP )S )SBAR )NP )PP )PP , (NP price )NP (VP is n't (NP the only consideration )NP )VP . )S  STOP
(S (SBAR As (S (NP it )NP (VP stands (ADVP now )ADVP )VP )S )SBAR , (NP the government )NP (VP would (VP continue (S (VP to (VP hold (NP (NP 45 % )NP (PP of (NP *UNKC )NP )PP )NP )VP )VP )S (SBAR after (S (NP the (ADJP 36 % )ADJP stake )NP (VP is (VP sold )VP )VP )S )SBAR )VP )VP . )S  STOP
(S -LRB- (S (NP (NP (QP About 7.5 )QP % )NP (PP of (NP *UNKC )NP )PP )NP (VP is (VP (ADVP publicly )ADVP traded )VP )VP )S and (S (NP other shareholders )NP (VP own (NP (NP the rest )NP (PP of (NP the equity )NP )PP )NP )VP )S . -RRB- )S  STOP
(S (NP (NP *UNKC buyers )NP , mostly (NP foreign companies )NP , )NP (VP are (ADJP reluctant (S (VP to (VP take (NP (NP a *UNKING stake )NP (PP in (NP (NP a company )NP (SBAR (WHNP that )WHNP , (S (PP by (NP (NP the government 's )NP own *UNKING )NP )PP , (VP needs (NP (NP (QP some $ 100 million )QP )NP (PP in (NP new capital )NP )PP )NP (PP for (NP *UNK )NP )PP )VP )S )SBAR )NP )PP )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (S (NP (NP The prospect )NP (PP of (S (VP buying (PP into (NP a *UNK- company )NP )PP (PP without (S (VP getting (NP management control )NP )VP )S )PP )VP )S )PP )NP (VP persuaded (NP (NP (QP at least three )QP foreign buyers )NP , (PP including (NP (NP a member )NP (PP of (NP (NP the *UNKC group )NP (PP of (NP Australia )NP )PP )NP )PP )NP )PP , )NP (S (VP to (VP pull (ADVP out (PP of (NP the bidding )NP )PP )ADVP )VP )VP )S )VP )S , (NP the bankers and analysts )NP (VP say )VP . )S  STOP
(S (NP Mr. Garcia )NP (VP (VP acknowledges (NP the problem )NP )VP and (VP says (SBAR (S (NP the Asset Trust )NP (VP will (VP study (SBAR (SBAR (WHADVP why )WHADVP (S (NP the bidding )NP (VP failed )VP )S )SBAR and (SBAR (WHNP what changes )WHNP (S (NP the agency )NP (VP may (VP be (ADJP able (S (VP to (VP offer )VP )VP )S )ADJP )VP )VP )S )SBAR )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP Under (NP government regulations )NP )PP , (ADVP however )ADVP , (NP (NP foreign ownership )NP (PP of (NP (NP *UNKC 's )NP equity )NP )PP )NP (VP is (VP limited (PP to (NP 40 % )NP )PP )VP )VP . )S  STOP
(S (SBAR Even though (S (NP the government )NP (VP would (VP retain (NP (NP the (ADJP 45 % )ADJP stake )NP (PP in (NP Picop )NP )PP )NP )VP )VP )S )SBAR , (NP critics )NP (VP have (VP accused (NP the trust )NP (PP of (S (VP selling (PRT out )PRT (PP to (NP foreigners )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S (NP (NP A series )NP (PP of (NP newspaper articles )NP )PP )NP (VP accused (NP the trust )NP (PP of (S (VP *UNKING (NP the government )NP (PP over (NP the Picop sale )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP Mr. Garcia )NP (VP says (SBAR (S (NP he )NP (VP has (VP been (VP notified (PP of (NP (NP (NP (NP congressional hearings )NP (PP on (NP the Picop bidding )NP )PP )NP and (NP (NP possible legislation )NP (VP covering (NP (NP the paper mill 's )NP sale )NP )VP )NP )NP , (NP (NP both )NP (VP prompted (PP by (NP (NP the criticism )NP (PP of (NP the agency )NP )PP )NP )PP )VP )NP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The question )NP (PP of (NP control )NP )PP )NP (VP could (ADVP further )ADVP (VP *UNK (NP *UNKED plans (SBAR for (S (NP the government )NP (VP to (VP *UNK (NP itself )NP (PP of (NP (NP Philippine Airlines )NP , (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP it )NP (VP has (NP (NP a (ADJP 99 % )ADJP stake )NP )NP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (S (NP The carrier )NP (VP has (NP valuable (ADJP *UNK- and Asian )ADJP routes )NP )VP )S but (S (NP it )NP (VP remains (ADJP (ADJP *UNK- )ADJP and (ADJP poorly managed )ADJP )ADJP )VP )S . )S  STOP
(S (NP (NP This maker )NP (PP of (NP electronic measuring devices )NP )PP )NP (VP named (NP two new directors )NP , (S (VP increasing (NP board membership )NP (PP to (NP nine )NP )PP )VP )S )VP . )S  STOP
(S (NP The new directors )NP (VP are (NP (NP (NP Gordon M. *UNKC )NP , (NP (NP (NP president )NP and (NP chief executive officer )NP )NP (PP of (NP *UNKC Inc. )NP )PP )NP )NP , and (NP (NP Peter S. *UNKC )NP , (NP (NP (NP chairman )NP and (NP chief executive officer )NP )NP (PP of (NP *UNKC Services Inc )NP )PP )NP )NP )NP )VP . )S  STOP
(S (NP (NP *UNKC E. *UNKC )NP , (ADJP (NP 51 years )NP old )ADJP , )NP (VP was (VP elected (S (NP (NP (NP president )NP , (NP chief executive officer )NP and (NP a director )NP )NP (PP of (NP this *UNK and materials company )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP He )NP (VP succeeds (NP (NP Harry A. *UNKC )NP , (NP 65 )NP , (SBAR (WHNP who )WHNP (S (VP (VP is (VP retiring (PP from (NP active duty )NP )PP )VP )VP but (VP remains (NP a director and consultant )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP has (VP been (NP (NP (NP president )NP and (NP chief executive )NP )NP (PP of (NP *UNKC Rock Resources Inc )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP (NP Eagle Financial Corp. )NP and (NP Webster Financial Corp. )NP )NP , (NP two Connecticut savings bank-holding companies )NP , )NP (VP agreed (S (VP to (VP merge (PP in (NP a tax-free stock transaction )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP The new holding company )NP , (NP *UNKC Bancorp Inc. )NP , )NP (VP will (VP have (NP (NP (NP (QP about $ 1.2 billion )QP )NP (PP of (NP assets )NP )PP )NP and (NP (NP 19 banking offices )NP (PP in (NP Connecticut )NP )PP )NP )NP )VP )VP . )S  STOP
(S (NP *UNKC capital )NP (VP will (VP be (NP (QP about $ 115 million )QP )NP )VP )VP . )S  STOP
(S (NP The merger )NP (VP is (ADJP subject (PP to (NP (NP regulatory clearance )NP and (NP a definitive agreement )NP )NP )PP )ADJP )VP . )S  STOP
(S (PP In (NP the merger )NP )PP , (NP (NP each share )NP (PP of (NP (NP Webster )NP , (VP based (PP in (NP *UNKC )NP )PP )VP , )NP )PP )NP (VP will (VP be (VP converted (PP into (NP (NP one share )NP (PP of (NP the new company )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP (NP Each share )NP (PP of (NP Eagle )NP )PP )NP , (VP based (PP in (NP *UNKC )NP )PP )VP , )NP (VP will (VP become (NP (NP *UNKN share )NP (PP of (NP *UNKC )NP )PP )NP )VP )VP . )S  STOP
(S (PP In (NP American Stock Exchange composite trading )NP )PP (NP Friday )NP , (NP Eagle shares )NP (VP rose (NP 12.5 cents )NP (PP to (NP $ 11 )NP )PP )VP . )S  STOP
(S (PP In (NP national over-the-counter trading )NP )PP , (NP Webster shares )NP (VP fell (NP 25 cents )NP (PP to (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (S (NP Webster )NP (VP has (NP (NP (QP 3.5 million )QP shares )NP (ADJP outstanding )ADJP )NP )VP )S and (S (NP Eagle )NP (NP 2.6 million )NP )S . )S  STOP
(S (NP Their indicated market values )NP (ADVP thus )ADVP (VP are (NP (QP about $ *UNKN million and $ *UNKN million )QP )NP , (ADVP respectively )ADVP )VP . )S  STOP
(S (S (NP (NP Frank J. *UNKC )NP , (NP (NP chairman )NP (PP of (NP Eagle )NP )PP )NP , )NP (VP will (VP be (NP (NP chairman )NP (PP of (NP the new firm )NP )PP )NP )VP )VP )S and (S (NP (NP James C. Smith )NP , (NP (NP (NP president )NP and (NP chief executive officer )NP )NP (PP of (NP Webster )NP )PP )NP , )NP (VP will (VP take (NP those posts )NP (PP at (NP *UNKC )NP )PP )VP )VP )S . )S  STOP
(S (NP (NP Harold W. Smith *UNKC )NP , (NP (NP chairman )NP (PP of (NP Webster )NP )PP )NP , )NP (VP will (VP become (NP (NP (NP chairman *UNK )NP and (NP a director )NP )NP (PP of (NP the new company )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Ralph T. *UNKC )NP , (NP (NP vice chairman )NP (PP of (NP Eagle )NP )PP )NP , )NP (VP will (VP become (NP (NP vice chairman )NP (PP of (NP *UNKC )NP )PP )NP )VP )VP . )S  STOP
(S (NP The board )NP (VP will (VP be (VP made (PRT up )PRT (PP of (NP (NP seven directors )NP (PP of (NP each holding company )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (PP In (NP an interview )NP )PP , (NP James Smith )NP (VP said (SBAR (S (S (NP (NP the banks ' )NP `` markets )NP (VP are (ADJP *UNK )ADJP )VP )S and (S (NP their business *UNK )NP (VP are (ADJP similar and conservative )ADJP )VP )S )S )SBAR )VP . '' )S  STOP
(S (S (NP *UNKING loans )NP (VP will (VP make (PRT up )PRT (NP (NP (QP only about 0.5 )QP % )NP (PP of (NP (NP (NP the combined banks ' )NP total loans )NP (ADJP outstanding )ADJP )NP )PP )NP )VP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (PP At (NP June 30 )NP )PP , (NP (NP Webster )NP , (SBAR (WHNP which )WHNP (S (VP owns (NP (NP First Federal Savings & Loan Association )NP (PP of (NP *UNKC )NP )PP )NP )VP )S )SBAR , )NP (VP had (NP (NP assets )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Eagle )NP , (SBAR (WHNP which )WHNP (S (VP controls (NP (NP *UNKC Federal Savings Bank )NP and (NP (NP First Federal Savings & Loan Association )NP (PP of (NP *UNKC )NP )PP )NP )NP )VP )S )SBAR , )NP (VP had (NP (NP assets )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP (PP on (NP that date )NP )PP )VP . )S  STOP
(S (NP (NP (NP *UNKC Ortiz 's )NP Sept. 15 *UNKC column )NP , `` (S (NP Mexico )NP (VP 's (VP *UNKC (VP *UNKC (PP by (NP the *UNKC *UNKC )NP )PP )VP )VP )VP )S , '' )NP (VP (VP is (NP (NP a (ADJP *UNKLY clear )ADJP statement )NP (PP of (NP (NP (NP his government 's )NP commitment )NP (PP to (NP privatization )NP )PP )NP )PP )NP )VP , and (VP must (VP be (VP welcomed (PP as (NP such )NP )PP (PP by (NP (NP all Americans )NP (SBAR (WHNP who )WHNP (S (VP wish (NP his country )NP (ADVP well )ADVP )VP )S )SBAR )NP )PP )VP )VP )VP )VP . )S  STOP
(S (NP The *UNKED States Institute )NP (VP is (ADJP *UNK (S (VP to (VP see (S (NP (NP such a high official )NP (PP as (NP (NP (NP Mexico 's )NP *UNK )NP (PP of (NP finance )NP )PP )NP )PP )NP (VP view (NP (NP his country 's )NP reforms )NP `` (PP in (NP (NP the context )NP (PP of (NP (NP a larger , world-wide process )NP '' (PP of (NP (NP *UNK change )NP (PP toward (NP free-market economics )NP )PP , (PP (ADVP especially )ADVP in (NP the *UNK countries )NP )PP )NP )PP )NP )PP )NP )PP )VP )S )VP )VP )S )ADJP )VP . )S  STOP
(S (S (VP Having (VP said (NP that )NP )VP )VP )S , (NP we )NP (VP must (VP caution (PP against (NP an apparent tendency (S (VP to (VP *UNK (NP the case )NP )VP )VP )S )NP )PP )VP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP is not (ADJP quite true )ADJP , (PP for (NP example )NP )PP , (SBAR that (S (NP the Mexican government )NP (VP has (VP `` *UNKED '' (NP *UNKC de *UNKC )NP , (SBAR as (S (NP Mr. Ortiz )NP (VP claims )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP the same sentence )NP )PP (NP he )NP (VP *UNK (NP himself )NP (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP reports (SBAR that (S (NP the government )NP (ADVP still )ADVP (VP retains (NP (NP 40 % )NP (PP of (NP (NP the total equity )NP (PP of (NP the airline )NP )PP )NP )PP )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(SBARQ (WHADVP How )WHADVP (SQ can (NP a company )NP (VP be (VP considered (S `` (ADJP *UNKED )ADJP '' )S (SBAR if (S (NP the state )NP (VP is (VP (ADVP so heavily )ADVP represented (PP in (NP it )NP )PP )VP )VP )S )SBAR )VP )VP )SQ ? )SBARQ  STOP
(S -LRB- (S (INTJ *UNKC )INTJ , (NP the Mexican government )NP (VP has (VP granted (NP (NP `` control '' )NP (PP over (NP the airline )NP )PP )NP (PP to (NP a new private consortium )NP )PP )VP )VP )S , but (S (NP its *UNK (S (VP to (VP take (ADVP back )ADVP (SBAR (WHNP what )WHNP (S (NP it )NP (VP gives )VP )S )SBAR )VP )VP )S )NP (VP is (VP (ADVP too well )ADVP known (S (VP to (VP permit (S (NP one )NP (VP to (VP be (ADJP *UNK )ADJP )VP )VP )S )VP )VP )S )VP )VP )S . -RRB- )S  STOP
(S (ADVP *UNKLY )ADVP , (ADVP too )ADVP , (NP Mr. Ortiz )NP (VP resorts (PP to (NP the familiar `` numbers game '' )NP )PP (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP boasts (SBAR that (S `` (NP (NP (QP fewer than *UNKN )QP (PRN -LCB- state enterprises -RCB- )PRN )NP )NP (ADVP currently )ADVP (VP remain (PP in (NP the public sector )NP )PP , '' (ADVP down (PP from (NP (NP the `` *UNKN public entities )NP (SBAR (WHNP that )WHNP (S (VP *UNKED (PP in (NP 1982 )NP )PP )VP )S )SBAR )NP )PP )ADVP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S '' (S But (NP (NP the enterprises )NP (PP (ADVP still )ADVP in (NP state hands )NP )PP )NP (VP include (NP (NP the (ADJP biggest and (ADJP most *UNKLY powerful )ADJP )ADJP ones )NP (PP in (NP Mexico )NP )PP )NP )VP )S ; (S (ADVP indeed )ADVP , (NP they )NP (ADVP virtually )ADVP (VP constitute (NP the economic infrastructure )NP )VP )S . )S  STOP
(S (NP I )NP (VP refer (ADVP essentially )ADVP (PP to (NP (NP petroleum )NP , (NP electric power )NP , (NP banking )NP and (NP newsprint )NP )NP )PP )VP . )S  STOP
(S (NP Those enterprises )NP , (ADVP however )ADVP , (VP are not (VP going (S (VP to (VP be (VP *UNKED )VP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP They )NP (VP are (ADVP officially )ADVP (VP considered (S `` (ADJP strategic )ADJP )S )VP )VP )S , '' and (S (NP their privatization )NP (VP is (VP prohibited (PP by (NP the Mexican Constitution )NP )PP )VP )VP )S . )S  STOP
(S (PP In (NP (NP language )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP the issue )NP )VP )S )SBAR )NP )PP , (NP Mr. Ortiz )NP (VP writes (SBAR , `` (S (NP (NP The divestiture )NP (PP of (NP (UCP *UNK and *UNK )UCP public enterprises )NP )PP )NP (VP is (NP (NP an essential element )NP (PP of (NP (NP President Carlos Salinas 's )NP plan (S (VP to (VP modernize (NP (NP Mexico 's )NP economy )NP )VP )VP )S )NP )PP )NP )VP )S )SBAR )VP ... . '' )S  STOP
(S Yet (ADVP clearly )ADVP , (NP *UNK )NP (VP must (VP *UNK (NP its key industries )NP (SBAR before (S (NP it )NP (VP can (VP be (VP said (S (VP to (VP have (VP caught (NP the `` privatization *UNK . '' )NP )VP )VP )VP )S )VP )VP )VP )S )SBAR )VP )VP )S  STOP
(S (NP The bottom line )NP , (ADVP however )ADVP , (VP is not (NP (ADJP economic but political )ADJP reform )NP )VP . )S  STOP
(S (NP (NP A long *UNK )NP (PP of (NP Mexican presidents )NP )PP )NP (VP (ADVP *UNKLY )ADVP *UNKED (SBAR (WHNP whatever industry )WHNP (S (NP they )NP (VP took (NP a fancy )NP (PP to )PP )VP )S )SBAR , (PP without (S (VP having (S (VP to (VP answer (PP to (NP the public )NP )PP )VP )VP )S )VP )S )PP )VP . )S  STOP
(S (S (VP To (VP guarantee (SBAR that (S (NP (NP *UNKC de *UNKC )NP and (NP other companies )NP )NP (VP will (ADVP really )ADVP (VP be (VP *UNKED )VP )VP )VP )S )SBAR )VP )VP )S , (NP Mexico )NP (VP needs (NP (NP a *UNK- political system )NP (SBAR (WHNP that )WHNP (S (VP will (VP ensure (NP (NP democracy )NP and *UNK (NP *UNK )NP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(NP (NP Daniel James )NP (NP President )NP (NP *UNKED States Institute )NP )NP  STOP
(S (NP (NP The board )NP (PP of (NP this (NAC *UNKC , Puerto Rico )NAC concern )NP )PP )NP (VP voted (S (VP to (VP *UNK (NP (NP payment )NP (PP of (NP (NP its quarterly )NP (PP of (NP (NP 11 cents )NP (NP a share )NP )NP )PP (PP for (NP the third quarter )NP )PP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP The third-largest thrift institution )NP (PP in (NP Puerto Rico )NP )PP )NP (ADVP also )ADVP (VP said (SBAR (S (NP it )NP (VP expects (NP (NP a return )NP (PP to (NP profitability )NP )PP (PP in (NP (NP the third quarter )NP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP reports (NP operating results )NP (NP this week )NP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Federal )NP (VP said (SBAR (S (NP the dividend )NP (VP was (VP suspended (PP in (NP (NP anticipation )NP (PP of (NP (NP (ADJP more *UNK )ADJP capital requirements )NP (PP under (NP (NP the Financial Institutions Reform , *UNKC , and *UNKC Act )NP (PP of (NP 1989 )NP )PP )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP A labor-management group )NP (VP is (VP preparing (NP (NP a revised buy-out bid )NP (PP for (NP United Airlines parent UAL Corp. )NP )PP (SBAR (WHNP that )WHNP (S (VP would (VP transfer (NP majority ownership )NP (PP to (NP employees )NP )PP (SBAR while (S (VP leaving (NP some stock )NP (PP in (NP public hands )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )NP , (PP according (PP to (NP (NP people )NP (ADJP familiar (PP with (NP the group )NP )PP )ADJP )NP )PP )PP )VP )VP . )S  STOP
(S (NP The group )NP (VP has (VP been (VP discussing (NP (NP a proposal )NP (VP valued (PP in (NP (NP a range )NP (PP of (NP (NP (NP (QP $ 225 to $ 240 )QP )NP (NP a share )NP )NP , or (NP (QP $ *UNKN billion to $ *UNKN billion )QP )NP )NP )PP )NP )PP )VP )NP )VP )VP )VP . )S  STOP
(S But (S (VP to (VP avoid (NP (NP the risk )NP (PP of (NP rejection )NP )PP )NP )VP )VP )S , (NP the group )NP (VP does n't (VP plan (S (VP to (VP submit (NP the plan )NP (ADVP formally )ADVP (PP at (NP a UAL board meeting )NP )PP (NP today )NP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP Instead )ADVP , (NP the group )NP (VP is (VP raising (NP the proposal )NP (ADVP *UNKLY )ADVP (S (VP to (VP try (S (VP to (VP test (NP (NP the board 's )NP reaction )NP )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP People )NP (ADJP familiar (PP with (NP the company )NP )PP )ADJP )NP (VP say (SBAR (S (NP the board )NP (VP is n't (ADJP likely (S (VP to (VP give (NP quick approval )NP (PP to (NP (NP any offer )NP (PP (ADVP substantially )ADVP below (NP (NP the (ADJP $ 300-a-share )ADJP , (ADJP (QP $ 6.79 billion )QP )ADJP buy-out bid )NP )NP )PP )NP )PP )VP )VP )S )ADJP )VP )S )SBAR )VP (SBAR (WHNP that )WHNP (S (VP collapsed (NP last week )NP (SBAR (SBAR after (S (NP banks )NP (VP would n't (VP raise (NP needed loans )NP )VP )VP )S )SBAR and (SBAR after (S (NP (NP a key partner )NP , (NP British Airways PLC )NP , )NP (VP dropped (PRT out )PRT )VP )S )SBAR )SBAR )VP )S )SBAR . )S  STOP
(S (PP In (NP composite trading )NP )PP (NP Friday )NP (PP on (NP the New York Stock Exchange )NP )PP , (NP UAL )NP (VP closed (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP , (ADVP down (NP $ *UNKN )NP )ADVP )VP . )S  STOP
(S But (NP (NP the pilots union )NP , (SBAR (WHNP which )WHNP (S (VP has (VP been (VP pushing (PP for (NP a takeover )NP )PP (PP since (NP 1987 )NP )PP )VP )VP )VP )S )SBAR )NP , (VP appears (S (VP to (VP be (VP pressing (ADVP ahead )ADVP (PP with (NP the revised bid )NP )PP (S (VP to (VP avoid (NP (NP further loss )NP (PP of (NP momentum )NP )PP )NP )VP )VP )S (SBAR even though (S (NP it )NP (VP has n't (VP found (NP (NP a partner )NP (SBAR (S (VP to (VP replace (NP British Air )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )VP )VP )S )VP . )S  STOP
(S (SBAR Although (S (NP the bidding group )NP (VP has n't (VP had (NP (NP time )NP (SBAR (S (VP (VP to (VP develop (NP its latest idea )NP (ADVP fully )ADVP )VP )VP or (VP to (VP discuss (NP it )NP (PP with (NP banks )NP )PP )VP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR , (NP it )NP (VP believes (SBAR (S (NP bank financing )NP (VP could (VP be (VP obtained )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP After (NP (NP the collapse )NP (PP of (NP the last effort )NP )PP )NP )PP , (NP the group )NP (VP does n't (VP plan (S (VP to (VP make (NP any formal proposal )NP (PP without (NP (NP *UNKING commitments )NP (PP from (NP banks )NP )PP (VP covering (NP (NP the entire amount )NP (SBAR (S (VP to (VP be (VP borrowed )VP )VP )VP )S )SBAR )NP )VP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (PP Under (NP (NP the type )NP (PP of (NP transaction )NP )PP (VP being (VP discussed )VP )VP )NP )PP , (NP the *UNK- group )NP (VP would (VP borrow (NP (NP (QP several billion )QP dollars )NP )NP (PP from (NP banks )NP )PP (SBAR (WHNP that )WHNP (S (VP could (ADVP then )ADVP (VP be (VP used (S (VP to (VP finance (NP (NP a cash payment )NP (PP to (NP current holders )NP )PP )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Those current holders )NP (VP would (ADVP also )ADVP (VP receive (NP (NP minority interests )NP (PP in (NP the new company )NP )PP )NP )VP )VP . )S  STOP
(S (PP For (NP example )NP )PP , (NP the group )NP (VP could (VP offer (NP (NP (NP $ 200 )NP (NP a share )NP (PP in (NP cash )NP )PP )NP plus (NP (NP stock )NP (VP valued (PP at (NP (NP $ 30 )NP (NP a share )NP )NP )PP )VP )NP )NP )VP )VP . )S  STOP
(S (NP UAL )NP (ADVP currently )ADVP (VP has (NP (NP (QP *UNKN million )QP shares )NP , (VP (ADVP fully )ADVP diluted )VP )NP )VP . )S  STOP
(S (NP The new structure )NP (VP would (VP be (ADJP similar (PP to (NP (NP a recapitalization )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP holders )NP (VP (VP get (NP a special dividend )NP )VP yet (VP retain (NP a controlling ownership interest )NP )VP )VP )S )SBAR )NP )PP )ADJP )VP )VP . )S  STOP
(S (NP The difference )NP (VP is (SBAR that (S (NP current holders )NP (VP would n't (VP retain (NP majority ownership or control )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The failed takeover )NP (VP would (VP have (VP given (NP UAL employees )NP (NP (NP (ADJP 75 % )ADJP voting control )NP (PP of (NP (NP the nation 's )NP second-largest airline )NP )PP )NP , (PP with (S (S (NP management )NP (VP getting (NP (ADJP 10 % )ADJP control )NP )VP )S and (S (NP British Air )NP (ADJP 15 % )ADJP )S )S )PP )VP )VP )VP . )S  STOP
(S (S (NP (NP It )NP )NP (VP was n't (ADJP clear )ADJP (SBAR (WHADVP how )WHADVP (S (NP the ownership )NP (VP would (VP *UNK (PRT up )PRT (PP under (NP the new plan )NP )PP )VP )VP )S )SBAR )VP )S , but (S (NP employees )NP (VP would (VP keep (NP (QP more than 50 )QP % )NP )VP )VP )S . )S  STOP
(S (NP (NP Management 's )NP total )NP (VP could (VP be (VP reduced )VP )VP )VP , and (S (NP the public )NP (VP could (VP get (NP (NP more )NP (PP than (NP (NP the (ADJP 15 % )ADJP control )NP (SBAR (WHNP that )WHNP (S (VP had (VP been (VP earmarked (PP for (NP British Air )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S . )S  STOP
(S (NP (NP One option )NP (SBAR (S (NP the board )NP (VP is (ADJP likely (S (VP to (VP consider (NP today )NP )VP )VP )S )ADJP )VP )S )SBAR )NP (VP is (NP (NP some )NP sort (PP of (NP *UNK- period )NP )PP )NP )VP . )S  STOP
(S (SBAR Although (S (NP the pilots )NP (VP are (VP expected (S (VP to (VP continue (S (VP to (VP pursue (NP the bid )NP )VP )VP )S )VP )VP )S )VP )VP )S )SBAR , (NP UAL Chairman Stephen Wolf )NP (VP may (VP be (VP asked (S (VP (VP to (VP withdraw (PP from (NP the buy-out effort )NP )PP , (ADVP (ADVP at least )ADVP temporarily )ADVP )VP )VP , and (VP to (VP return (PP to (S (VP running (NP the company )NP (ADVP full time )ADVP )VP )S )PP )VP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP The board )NP (VP could (ADVP eventually )ADVP (VP come (PP under (NP some pressure (S (VP to (VP sell (NP the company )NP )VP )VP )S )NP )PP (SBAR because (S (NP its members )NP (VP can (VP be (VP ousted (PP by (NP a majority shareholder vote )NP )PP )VP )VP )VP )S )SBAR , (SBAR (ADVP particularly )ADVP since (S (NP (NP one-third )NP (PP of (NP UAL stock )NP )PP )NP (VP is (VP held (PP by (NP (NP takeover stock speculators )NP (SBAR (WHNP who )WHNP (S (VP favor (NP a sale )NP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The labor-management buy-out group )NP (VP plans (S (VP to (VP keep (NP its offer )NP (PP on (NP the table )NP )PP )VP )VP )S (PP in (NP an apparent attempt (S (VP to (VP maintain (NP (NP its bargaining position )NP (PP with (NP the board )NP )PP )NP )VP )VP )S )NP )PP )VP . )S  STOP
(S (ADVP However )ADVP , (NP (NP (NP the only *UNK )NP (SBAR (WHNP who )WHNP (S (VP has (VP emerged (S (VP to (VP lead (NP such a shareholder vote )NP )VP )VP )S )VP )VP )S )SBAR )NP , (NP Los Angeles investor Marvin Davis )NP , (SBAR (WHNP who )WHNP (S (VP triggered (NP the buy-out )NP (PP with (NP (NP a (ADJP (QP $ 5.4 billion )QP )ADJP bid )NP (PP in (NP early August )NP )PP )NP )PP )VP )S )SBAR )NP , (VP is (VP hanging (ADVP back )ADVP -- (ADVP apparently )ADVP (S (VP to (VP avoid (S (VP being (VP blamed (PP for (S (VP contributing (PP to (NP (NP the deal 's )NP collapse )NP )PP )VP )S )PP )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Three top advisers )NP (PP to (NP Mr. Davis )NP )PP )NP (VP visited (NP New York )NP (NP late last week )NP , (S (PP (ADVP at least )ADVP in (NP part )NP )PP (VP to (VP *UNK (PP with (NP (NP executives )NP (PP at (NP Citicorp )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Mr. Davis )NP (VP had (VP paid (NP (QP $ 6 million )QP )NP (PP for (NP (NP (NP Citicorp 's )NP backing )NP (PP of (NP his last bid )NP )PP )NP )PP )VP )VP . )S  STOP
(S But (NP Citicorp )NP (VP has (VP lost (NP some credibility )NP (SBAR because (S (NP it )NP (ADVP also )ADVP (VP led (NP the unsuccessful effort (S (VP to (VP gain (NP bank loans )NP (PP for (NP the labor-management group )NP )PP )VP )VP )S )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP On (NP Friday )NP )PP , (NP British Air )NP (VP issued (NP (NP a statement )NP (VP saying (SBAR (S (NP it )NP `` (VP does not (VP intend (S (VP to (VP participate (PP in (NP (NP any new deal )NP (PP for (NP (NP the acquisition )NP (PP of (NP UAL )NP )PP )NP )PP )NP )PP (PP in (NP the *UNK future )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )NP )VP . '' )S  STOP
(S (ADVP However )ADVP , (NP several people )NP (VP said (SBAR (SBAR that (S (NP British Air )NP (VP might (ADVP yet )ADVP (VP *UNK (NP the bidding group )NP )VP )VP )S )SBAR and (SBAR that (S (NP the carrier )NP (VP made (NP the statement )NP (S (VP to (VP answer (NP (NP questions )NP (PP from (NP British regulators )NP )PP (PP about (SBAR (WHADVP how )WHADVP (S (NP it )NP (VP plans (S (VP to (VP use (NP (NP proceeds )NP (PP of (NP (NP a securities offering )NP (VP (ADVP previously )ADVP earmarked (PP for (NP the UAL buy-out )NP )PP )VP )NP )PP )NP )VP )VP )S )VP )S )SBAR )PP )NP )VP )VP )S )VP )S )SBAR )SBAR )VP . )S  STOP
(S (ADVP Also )ADVP (NP late last week )NP , (NP UAL flight attendants )NP (VP agreed (S (VP to (VP participate (PP with (NP the pilots )NP )PP (PP in (S (VP *UNKING (NP a revised offer )NP )VP )S )PP )VP )VP )S )VP . )S  STOP
(S But (NP (NP the machinists union )NP , (SBAR (WHNP whose opposition )WHNP (S (VP helped (VP scuttle (NP the first buy-out bid )NP )VP )VP )S )SBAR , )NP (VP is (ADJP likely (S (VP to (VP favor (NP (NP a recapitalization )NP (PP with (NP a friendly *UNK- investor )NP )PP )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP (NP One advantage )NP (SBAR (S (NP the buy-out group )NP (VP intends (S (VP to (VP press (PP with (NP the board )NP )PP )VP )VP )S )VP )S )SBAR )NP (VP is (SBAR that (S (NP pilots )NP (VP have (VP agreed (S (VP to (VP make (NP (QP $ 200 million )QP )NP (PP in (NP annual cost concessions )NP )PP (S (VP to (VP help (S (VP finance (NP a bid )NP )VP )S )VP )VP )S )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP has (ADVP also )ADVP (VP *UNK (SBAR that (S (NP (NP (NP the UAL executive )NP (VP (ADVP most closely )ADVP identified (PP with (NP the failure (S (VP to (VP gain (NP bank financing )NP )VP )VP )S )NP )PP )VP )NP , (NP chief financial officer John *UNKC )NP , )NP (VP may (VP come (PP under (NP pressure (S (VP to (VP resign )VP )VP )S )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP However )ADVP , (NP (NP people )NP (ADJP familiar (PP with (NP the buy-out group )NP )PP )ADJP )NP (VP said (SBAR (S (NP (NP Mr. *UNKC 's )NP departure )NP (VP would (VP weaken (NP (NP the airline 's )NP management )NP (PP at (NP a critical time )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Despite (NP (NP the buy-out group 's )NP failure (S (VP to (VP obtain (NP financing )NP )VP )VP )S )NP )PP , (NP UAL )NP (VP remains (ADJP *UNKED (S (VP to (VP pay (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP (NP investment banking )NP and (NP legal fees )NP )NP )PP )NP (PP to (NP (NP (NP the group 's )NP advisers )NP , (NP (NP *UNKC *UNKC & Co. )NP , (NP Salomon Brothers Inc. )NP , and (NP Paul *UNKC *UNKC *UNKC & *UNKC )NP )NP )NP )PP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP (NP Whittle Communications Limited Partnership )NP , (NP (NP *UNKC )NP , (NP Tenn. )NP )NP , )NP (VP will (VP launch (NP (NP its first media property )NP (VP targeting (NP Hispanic women )NP )VP )NP )VP )VP . )S  STOP
(S (NP `` (NP La *UNKC de *UNKC )NP , '' or `` (NP (NP Today 's )NP Family )NP )NP , '' (VP (VP will (VP debut (NP this spring )NP )VP )VP and (VP will (VP combine (NP (NP a national *UNKLY magazine )NP and (NP TV programming )NP )NP )VP )VP )VP . )S  STOP
(S (NP (NP The television element )NP (PP of `` (NP La *UNKC )NP '' )PP )NP (VP includes (NP (NP a series )NP (PP of (NP *UNK- *UNK features )NP )PP (SBAR (S (VP to (VP air (NP (NP seven days )NP (NP a week )NP )NP (PP on (NP (NP the *UNKC *UNKC network )NP , (NP (NP a unit )NP (PP of (NP (NP *UNKC Holdings Inc. )NP , (SBAR (WHNP which )WHNP (S (VP is (ADJP *UNKED (PP by (NP *UNKC *UNKC Inc )NP )PP )ADJP )VP )S )SBAR )NP )PP )NP )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The features )NP (VP (VP will (VP focus (PP on `` (NP (NP *UNKING )NP , (NP family health and *UNK )NP , and (NP financial management )NP )NP )PP )VP )VP , '' and (VP will (VP carry (NP (NP 30 seconds )NP (PP of (NP advertising )NP )PP )NP )VP )VP )VP . )S  STOP
(S (NP (NP The magazines )NP , also (ADJP *UNKED )ADJP , )NP (VP will (VP be (VP distributed (PP in (NP (NP (QP more than 10,000 )QP (NX (NX (NP doctors ' )NP offices )NX , (NX *UNK )NX , and (NX health centers )NX )NX )NP (PP in (NP (ADJP (ADJP Hispanic )ADJP and (ADJP largely Hispanic )ADJP )ADJP communities )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP *UNKC *UNKC Corp. )NP (VP said (SBAR (S (NP it )NP (VP completed (NP (NP (NP a (ADJP (QP $ 300 million )QP )ADJP sale )NP (PP of (NP 10-year notes )NP )PP )NP , (NP (NP the final step )NP (PP in (NP (NP the 1984 buy-out )NP (PP of (NP the company )NP )PP (PP from (NP National Steel Corp )NP )PP )NP )PP )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The (ADJP (QP 10 7\/8 )QP % )ADJP notes )NP (VP were (VP priced (PP at (NP *UNKN % )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S (PP in (NP (NP an offering )NP (VP managed (PP by (NP (NP Bear , Stearns & Co. )NP , (NP Shearson Lehman Hutton Inc. )NP and (NP Lazard *UNKC & Co. )NP )NP )PP )VP )NP )PP )VP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP (NP *UNKC )NP , (PP of (NP (NP *UNKC )NP , (NP W. Va. )NP )NP )PP , )NP (VP said (SBAR (S (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP the proceeds )NP )PP )NP (VP were (VP used (S (VP to (VP *UNK (NP (NP the remaining amounts )NP (PP on (NP (NP the note )NP (ADJP outstanding )ADJP )NP )PP )NP (PP to (NP (NP National Intergroup Inc. )NP , (NP (NP the parent )NP (PP of (NP National Steel )NP )PP )NP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKING proceeds )NP (VP were (VP used (S (VP (VP to (VP pay (NP other debt )NP )VP )VP and (VP to (VP finance (NP (NP the company 's )NP capital spending program )NP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP *UNKC Group PLC )NP (PP of (NP Britain )NP )PP , (SBAR (WHNP which )WHNP (S (VP holds (NP (NP a (ADJP *UNKN % )ADJP stake )NP (PP in (NP Profit Systems Inc. )NP )PP )NP )VP )S )SBAR , )NP (VP said (SBAR (S (NP it )NP (VP is (VP considering (NP (NP courses )NP (PP of (NP action )NP )PP (SBAR (WHNP that )WHNP (S (VP could (VP result (PP in (S (NP its )NP (VP having (NP `` (NP active control )NP '' (PP of (NP the company )NP )PP )NP )VP )S )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP a filing )NP (PP with (NP the Securities and Exchange Commission )NP )PP )NP )PP , (NP *UNKC Group )NP (VP said (SBAR (S (NP (NP a possible course )NP (PP of (NP action )NP )PP )NP (VP may (VP include (S (VP acquiring (NP (NP some or all )NP (PP of (NP (NP the Profit Systems shares )NP (SBAR (S (NP it )NP (VP does n't (ADVP already )ADVP (VP own )VP )VP )S )SBAR )NP )PP )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP noted , (ADVP however )ADVP , (SBAR that (S (NP it )NP (VP has n't (VP determined (NP (NP any specific terms )NP (PP of (NP a possible transaction )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP *UNKC Group )NP and (NP affiliates )NP )NP (ADVP currently )ADVP (VP control (NP (NP *UNKN (NP Profit Systems )NP common shares )NP , or (NP *UNKN % )NP , )NP )VP )S (NP the filing )NP (VP said )VP . )S  STOP
(S (NP (NP Profit Systems )NP , (NP (NP Valley *UNKC )NP , (NP N.Y. )NP )NP , )NP (VP is (NP an air freight *UNKING concern )NP )VP . )S  STOP
(S (S (NP U.S. official reserve assets )NP (VP rose (NP (QP $ *UNKN billion )QP )NP (PP in (NP September )NP )PP , (PP to (NP (QP $ *UNKN billion )QP )NP )PP )VP )S , (NP the Treasury Department )NP (VP said )VP . )S  STOP
(S (S (NP The gain )NP (VP compared (PP with (NP (NP a (ADJP (QP $ 1.10 billion )QP )ADJP decline )NP (PP in (NP reserve assets )NP )PP (PP in (NP August )NP )PP (PP to (NP (QP $ *UNKN billion )QP )NP )PP )NP )PP )VP )S , (NP the department )NP (VP said )VP . )S  STOP
(S (NP U.S. reserve assets )NP (VP *UNK (PP of (NP (NP foreign currencies )NP , (NP gold )NP , (NP (NP special drawing rights )NP (PP at (NP the International Monetary Fund )NP )PP )NP and (NP (NP the U.S. reserve position )NP -- (NP its ability (S (VP to (VP draw (NP foreign currencies )NP )VP )VP )S )NP -- (PP at (NP the IMF )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP (NP (NP The nation 's )NP holdings )NP (PP of (NP foreign currencies )NP )PP )NP (VP increased (NP (QP $ *UNKN billion )QP )NP (PP in (NP September )NP )PP (PP to (NP (QP $ *UNKN billion )QP )NP )PP , (SBAR while (S (NP its gold reserves )NP (VP were (ADJP virtually unchanged (PP at (NP (QP $ *UNKN billion )QP )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP U.S. holdings )NP (PP of (NP IMF special drawing rights )NP )PP )NP (NP last month )NP (VP rose (NP (QP $ *UNKN million )QP )NP , (PP to (NP (QP $ *UNKN billion )QP )NP )PP )VP )S , and (S (NP (NP its reserve position )NP (PP at (NP the IMF )NP )PP )NP (VP increased (NP (QP $ *UNKN million )QP )NP , (PP to (NP (QP $ *UNKN billion )QP )NP )PP )VP )S . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP America Inc. )NP )PP )NP (VP plans (S (VP to (VP sell (NP its Consolidated Aluminum Corp. subsidiary )NP (PP as (NP (NP part )NP (PP of (NP its strategy (S (VP to (VP focus (ADVP more )ADVP (PP on (NP (NP aluminum packaging )NP (PP in (NP the U.S. )NP )PP )NP )PP )VP )VP )S )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (S (NP (NP *UNKC )NP , (PP of (NP New York )NP )PP , )NP (VP declined (S (VP to (VP say (SBAR (WHNP how much )WHNP (S (NP it )NP (VP expects (S (VP to (VP get (PP for (NP the unit )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP )S )VP )S ; (S (NP the company )NP (VP has (VP hired (S (NP First Boston Corp. )NP (VP to (VP help (VP identify (NP bidders )NP )VP )VP )VP )S )VP )VP )S . )S  STOP
(S (NP *UNKC )NP (VP is (NP (NP a subsidiary )NP (PP of (NP (NP Swiss *UNKC Ltd. )NP , (NP (NP a (NAC Zurich , Switzerland , )NAC producer )NP (PP of (NP (NP aluminum )NP , (NP chemicals )NP and (NP packaging products )NP )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Consolidated )NP , (SBAR (WHNP which )WHNP (S (VP had (NP (NP 1988 revenue )NP (PP of (NP (QP $ 400 million )QP )NP )PP )NP )VP )S )SBAR , )NP (VP (VP makes (NP aluminum sheet and *UNK products )NP (PP at (NP its (NAC (NAC *UNKC , Ohio )NAC , and (NAC Jackson , Tenn. , )NAC )NAC rolling mills )NP )PP )VP and (VP *UNK (NP aluminum )NP (PP at (NP (NP a plant )NP (PP in (NP (NP *UNKC *UNKC )NP , (NP *UNKC )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Manhattan National Corp. )NP (VP said (SBAR (S (NP (NP Michael A. *UNKC )NP , (NP (NP president )NP and (NP chief executive officer )NP )NP , )NP (VP was (VP elected (S (NP (NP chief executive )NP (PP of (NP (NP the holding company 's )NP two principal insurance subsidiaries )NP )PP )NP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP He )NP (VP succeeds (NP (NP Paul P. *UNKC Jr. )NP , (SBAR (WHNP who )WHNP (S (VP resigned (S (VP to (VP pursue (NP other business interests )NP )VP )VP )S )VP )S )SBAR )NP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (ADJP (NP 42 years )NP old )ADJP , )NP (VP was (VP elected (S (NP (NP (NP (NP chairman )NP , (NP president )NP and (NP chief executive )NP )NP (PP of (NP Manhattan Life Insurance Co. )NP )PP )NP and (NP (NP (NP president )NP and (NP chief executive )NP )NP (PP of (NP Manhattan National Life Insurance Co )NP )PP )NP )NP )S )VP )VP . )S  STOP
(S (NP (NP Harry *UNKC )NP , (NP 69 )NP , (NP (NP chairman )NP (PP of (NP the holding company )NP )PP )NP , )NP (ADVP also )ADVP (VP remains (NP (NP chairman )NP (PP of (NP Manhattan National Life Insurance Co )NP )PP )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP was (NP (NP (NP executive vice president )NP and (NP chief investment officer )NP )NP (PP of (NP (NP Union Central Life Insurance Co. )NP , (PP of (NP Cincinnati )NP )PP )NP )PP )NP , (PP in (NP (NP 1987 )NP , (SBAR (WHADVP when )WHADVP (S (NP Union Central )NP (VP bought (NP (NP a (ADJP 54 % )ADJP interest )NP (PP in (NP Manhattan National Corp )NP )PP )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP He )NP (VP resigned (PP as (NP (NP an officer )NP (PP of (NP Central Life )NP )PP )NP )PP (S (VP to (VP accept (NP the Manhattan National presidency )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP Daniel J. *UNKC )NP , (NP (NP a director )NP (PP of (NP First Illinois Corp. )NP )PP )NP , )NP (VP said (SBAR that (S (PP in (NP August )NP )PP (NP he )NP (VP reduced (NP (NP his stake )NP (PP in (NP First Illinois )NP )PP )NP (PP to (NP (NP *UNKN % )NP (PP of (NP (NP the common shares )NP (ADJP outstanding )ADJP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP a filing )NP (PP with (NP the Securities and Exchange Commission )NP )PP )NP )PP , (NP Mr. *UNKC )NP (VP said (SBAR (S (NP he )NP (VP sold (NP *UNKN First Illinois common shares )NP (PP (PP from (NP Aug. 9 )NP )PP (PP to (NP Aug. 28 )NP )PP )PP (PP for (NP (NP (QP $ *UNKN to $ *UNKN )QP )NP (NP a share )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP As (NP (NP a result )NP (PP of (NP the sales )NP )PP )NP )PP (NP he )NP (VP holds (NP *UNKN shares )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (PP in (NP the filing )NP )PP (SBAR that (S (NP he )NP (VP sold (NP the stock )NP (S (VP to (VP decrease (NP (NP his position )NP (PP in (NP the (NAC *UNKC , Ill. , )NAC banking concern )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP He )NP (VP (VP may (VP sell (NP more shares )NP (PP (PP in (NP the open market )NP )PP or (PP in (NP private transactions )NP )PP )PP )VP )VP , but (VP would n't (VP rule (PRT out )PRT (S (VP (VP changing (NP his intentions )NP )VP and (VP buying (NP shares )NP )VP )VP )S )VP )VP )VP )S , (NP the filing )NP (VP said )VP . )S  STOP
(S (NP (NP *UNKED Life Systems Inc. )NP , (NP Minneapolis )NP , )NP (VP said (SBAR (S (NP a federal appeals court )NP (VP *UNKED (NP (NP an earlier *UNK judgment )NP (PP in (NP its favor )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A lower court )NP (PP in (NP St. Paul )NP )PP )NP (VP had (VP ruled (PP in (NP September 1988 )NP )PP (SBAR that (S (NP (NP a heart *UNK )NP (SBAR (S (NP *UNKED )NP (VP *UNK )VP )S )SBAR )NP (VP does n't (VP *UNK (PP on (NP (NP a patent )NP (VP owned (PP by (NP (NP Advanced *UNKC Systems )NP , (NP (NP a unit )NP (PP of (NP Eli Lilly & Co )NP )PP )NP )NP )PP )VP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP *UNKED )NP (VP said (SBAR (S (NP the appeals court )NP (VP *UNKED (NP the case )NP (ADVP back (PP to (NP the district court )NP )PP )ADVP (PP for (NP further proceedings )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP national over-the-counter trading )NP )PP (NP Friday )NP , (NP *UNKED shares )NP (VP tumbled (NP $ 2.75 )NP (PP to (NP $ 43 )NP )PP )VP . )S  STOP
(S (NP *UNKED )NP (VP said (SBAR (S (NP it )NP `` (VP remains (ADJP committed '' (PP both (PP to (NP (NP the `` vigorous defense '' )NP (PP of (NP its position (SBAR that (S (NP the *UNK )NP (VP does n't (VP *UNK (NP (NP the Lilly unit 's )NP patent )NP )VP )VP )S )SBAR )NP )PP )NP )PP , and (PP to (NP (NP the pursuit )NP (PP of (NP (NP its own *UNK )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (SBAR (S (NP Lilly )NP (VP engaged (PP in (NP (NP antitrust violations )NP and (NP other *UNK acts )NP )NP )PP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )PP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP A *UNKC *UNKC )NP (PP *UNKC (NP UAL )NP )PP )NP (VP is (VP being (VP prepared (PP by (NP a labor-management group )NP )PP )VP )VP )VP )S , (NP sources )NP (VP said )VP . )S  STOP
(S (NP (NP The new proposal )NP , (SBAR (WHNP which )WHNP (S (VP would (VP (VP transfer (NP (NP majority ownership )NP (PP of (NP (NP United Air 's )NP parent )NP )PP )NP (PP to (NP employees )NP )PP )VP and (VP leave (NP some stock )NP (PP in (NP public hands )NP )PP )VP )VP )VP )S )SBAR , )NP (VP would (VP be (VP valued (PP at (NP (NP (NP (QP $ 225 to $ 240 )QP )NP (NP a share )NP )NP , or (NP (QP as much as $ *UNKN billion )QP )NP )NP )PP )VP )VP )VP . )S  STOP
(S But (NP (NP UAL 's )NP board )NP (VP is n't (VP expected (S (VP to (VP give (NP quick approval )NP (PP to (NP (NP any offer )NP (PP (ADVP substantially )ADVP below (NP (NP the (ADJP $ 300-a-share )ADJP bid )NP (SBAR (WHNP that )WHNP (S (VP collapsed (ADVP recently )ADVP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP Takeover stock speculators )NP (VP have (VP incurred (NP (NP paper losses )NP (PP of (NP (QP over $ 700 million )QP )NP )PP )NP (PP from (NP the failed UAL offer )NP )PP , (NP (NP their worst loss )NP (ADVP ever )ADVP (PP on (NP a single deal )NP )PP )NP )VP )VP . )S  STOP
(S (NP Ford and Saab )NP (VP ended (NP (NP talks )NP (PP about (NP a possible alliance )NP )PP )NP (SBAR after (S (NP Ford )NP (VP concluded (SBAR that (S (NP the cost (S (VP to (VP modernize (NP (NP Saab 's )NP car operations )NP )VP )VP )S )NP (VP would (VP outweigh (NP the likely return )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP The collapse )NP (NP Friday )NP (VP prompted (NP speculation (SBAR that (S (NP Ford )NP (VP would (VP *UNK (NP (NP its pursuit )NP (PP of (NP (NP Jaguar )NP , (SBAR (WHNP which )WHNP (S (VP is (VP negotiating (NP a defensive alliance )NP (PP with (NP GM )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Stock prices )NP (VP edged (ADVP up )ADVP (PP in (NP quiet trading )NP )PP (NP Friday )NP )VP . )S  STOP
(S (NP The Dow Jones industrials )NP (VP rose (NP 5.94 )NP , (PP to (NP *UNKN )NP )PP , (S (VP making (S (NP (NP the gain )NP (PP for (NP the week )NP )PP )NP (NP (NP a record *UNKN points )NP , or (NP 4.7 % )NP )NP )S )VP )S )VP . )S  STOP
(S (S (NP Most bond prices )NP (VP fell )VP )S , but (S (NP (NP junk bonds )NP and (NP the dollar )NP )NP (VP rose )VP )S . )S  STOP
(S (NP New York City bonds )NP (VP were (VP sold (PRT off )PRT (PP by (NP many investors )NP )PP (NP last week )NP (PP amid (NP (ADJP political and economic )ADJP uncertainty )NP )PP )VP )VP . )S  STOP
(S (NP More banks )NP (VP are (VP being (VP hurt (PP by (NP (NP Arizona 's )NP *UNKING real-estate slump )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP First Interstate Bancorp )NP (PP of (NP Los Angeles )NP )PP )NP (VP said (NP Friday )NP (SBAR (S (NP it )NP (VP expects (NP a (ADJP (QP $ 16 million )QP )ADJP quarterly loss )NP )VP )S )SBAR , (S (VP citing (NP (NP *UNK- losses )NP (PP at (NP its Arizona unit )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP (NP OPEC 's )NP ability (S (VP to (VP produce (NP (NP more oil )NP (SBAR than (S (NP it )NP (VP can (VP sell )VP )VP )S )SBAR )NP )VP )VP )S )NP (VP is (VP starting (S (VP to (VP cast (NP a shadow )NP (PP over (NP world oil markets )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP OPEC officials )NP (VP worry (SBAR that (S (NP prices )NP (VP could (VP collapse (NP (NP a few months )NP (PP from (NP now )NP )PP )NP (SBAR if (S (NP the group )NP (VP does n't (VP adopt (NP new quotas )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Saatchi & Saatchi )NP (VP (VP has (VP attracted (NP (NP offers )NP (PP for (NP (NP some )NP (PP of (NP its advertising units )NP )PP )NP )PP )NP )VP )VP but (VP has (VP rejected (NP them )NP )VP )VP )VP )S , (NP sources )NP (VP said )VP . )S  STOP
(S (NP (NP The proposals )NP , (PP from (NP (NP suitors )NP (PP including (NP Interpublic Group )NP )PP )NP )PP , )NP (VP come (SBAR as (S (NP the London-based ad giant )NP (VP *UNK (PP through (NP (NP its (ADJP most difficult )ADJP period )NP (ADVP ever )ADVP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Qintex Australia )NP (VP suffered (NP another setback )NP (NP Friday )NP (SBAR (WHADVP when )WHADVP (S (NP its Los Angeles-based affiliate )NP (VP filed (PP for (NP Chapter 11 protection )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Qintex 's )NP (ADJP (QP $ 1.5 billion )QP )ADJP pact (S (VP to (VP buy (NP MGM\/UA )NP )VP )VP )S )NP (VP collapsed (ADVP recently )ADVP )VP . )S  STOP
(S (NP Kodak )NP (VP entered (NP the high-definition television market )NP (PP by (S (VP *UNKING (NP (NP a device )NP (SBAR (WHNP that )WHNP (S (VP can (VP convert (NP conventional film )NP (PP into (NP high-definition video )NP )PP )VP )VP )S )SBAR )NP )VP )S )PP )VP . )S  STOP
(S (NP (NP A handful )NP (PP of (NP small U.S. firms )NP )PP )NP (VP are (VP refusing (S (VP to (VP *UNK (NP the *UNKC market )NP (PP to (NP Japanese manufacturers )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP *UNKC rates )NP (VP are (VP (VP *UNKING (PRT out )PRT )VP and (VP starting (S (VP to (VP rebound )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP *UNKING , shipping and air-freight firms )NP (VP are all (VP planning (NP rate increases )NP , (S (VP reflecting (NP (NP higher costs )NP and (NP *UNKED demand )NP )NP )VP )S )VP )VP . )S  STOP
(S (NP Texaco )NP (VP has (VP purchased (NP (NP an *UNKING company )NP (PP in (NP Texas )NP )PP )NP (PP for (NP (QP $ *UNKN million )QP )NP )PP )VP )VP . )S  STOP
(S (NP It )NP (VP is (NP (NP (NP Texaco 's )NP first major acquisition )NP (SBAR since (S (NP (NP the legal battle )NP (PP with (NP Pennzoil )NP )PP )NP (VP began (ADVP (NP over four years )NP ago )ADVP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Winnebago )NP (VP (VP posted (NP a widened quarterly loss )NP )VP and (VP slashed (NP its dividend )NP (PP in (NP half )NP )PP )VP , (S (VP reflecting (NP (NP the *UNKING slowdown )NP (PP in (NP recreational vehicle sales )NP )PP )NP )VP )S )VP . )S  STOP
(NP Markets -- )NP  STOP
(NP Stocks : )NP  STOP
(NP (NP Volume )NP (NP *UNKN shares )NP . )NP  STOP
(NP (NP (NP Dow Jones industrials )NP (NP *UNKN )NP , (ADVP up (NP 5.94 )NP )ADVP )NP ; (NP (NP transportation )NP (NP *UNKN )NP , (ADVP off (NP *UNKN )NP )ADVP )NP ; (NP (NP utilities )NP (NP *UNKN )NP , (ADVP up (NP *UNKN )NP )ADVP )NP . )NP  STOP
(NP Bonds : )NP  STOP
(NP (NP (NP Shearson Lehman Hutton Treasury index )NP (NP *UNKN )NP , (ADVP off )ADVP )NP )NP  STOP
(NP Commodities : )NP  STOP
(NP (NP (NP Dow Jones futures index )NP (NP *UNKN )NP , (ADVP off (NP *UNKN )NP )ADVP )NP ; (NP (NP spot index )NP (NP *UNKN )NP , (ADVP up (NP *UNKN )NP )ADVP )NP . )NP  STOP
(NP Dollar : )NP  STOP
(FRAG (NP (NP (NP *UNKN yen )NP , (ADVP up (NP *UNKN )NP )ADVP )NP ; (NP (NP *UNKN marks )NP , (ADVP up (NP *UNKN )NP )ADVP )NP . )NP )FRAG  STOP
(S (NP (NP *UNKC Corp. )NP , (NP (NP a *UNKING direct marketer )NP (PP of (NP computer supplies and *UNK )NP )PP )NP , )NP (VP said (SBAR (S (NP directors )NP (VP suspended (NP (NP payment )NP (PP of (NP its *UNK dividend )NP )PP )NP (PP as (NP (NP (ADJP too great )ADJP a drain )NP (PP on (NP funds )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP paid (NP (NP five cents )NP (NP a share )NP )NP (PP in (NP April )NP )PP )VP . )S  STOP
(S (NP (NP (NP The directors ' )NP action )NP , (VP (VP taken (NP Oct. 10 )NP )VP but (VP announced (NP Friday )NP )VP )VP , )NP (VP had (NP (ADJP little or no )ADJP effect )NP (PP on (NP (NP (NP the company 's )NP stock )NP , (SBAR (WHNP which )WHNP (S (VP *UNKED (PP at (NP $ *UNKN )NP )PP (PP in (NP light over-the-counter trading )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (ADVP recently )ADVP (VP disclosed (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP write-off )NP (VP related (PP to (NP (NP a corporate restructuring )NP (SBAR (WHNP that )WHNP (S (VP resulted (PP in (S (NP the company 's )NP (VP posting (NP (NP a (ADJP (QP $ 6.4 million )QP )ADJP net loss )NP )NP (PP for (NP (NP the year )NP (VP ended (NP July 29 )NP )VP )NP )PP , (PP compared (PP with (NP (NP year-earlier profit )NP (PP of (NP (NP (QP $ 9.7 million )QP )NP , or (NP (NP $ 1.02 )NP (NP a share )NP )NP )NP )PP )NP )PP )PP )VP )S )PP )VP )S )SBAR )NP )PP )VP )NP )VP . )S  STOP
(S (NP Sales )NP (VP rose (NP 12 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(SINV `` (S (NP The board )NP (VP felt (SBAR that (S (NP (NP the continued payment )NP (PP of (NP our *UNK dividend )NP )PP )NP (VP was (ADJP *UNK (PP with (NP recent operating results )NP )PP )ADJP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP Kenneth A. *UNKED )NP , (NP (NP president )NP and (NP chief executive officer )NP )NP )NP . )SINV  STOP
(S `` (S (NP All our efforts )NP (VP are (ADVP now )ADVP (VP focused (PP on (S (VP improving (NP earnings )NP (PP to (NP (NP the point )NP (SBAR (WHADVP where )WHADVP (S (NP we )NP (VP can (VP (VP fund (NP additional *UNK- development )NP )VP , (VP continue (S (VP to (VP invest (PP in (NP the business )NP )PP )VP )VP )S )VP and (VP *UNK (NP the dividend )NP )VP )VP )VP )S )SBAR )NP )PP )VP )S )PP )VP )VP )S , '' (NP he )NP (VP added )VP . )S  STOP
(S (NP The company )NP (VP offers (NP (NP (QP more than *UNKN )QP parts and supplies )NP )NP (ADVP directly )ADVP (PP to (NP *UNK and *UNK users )NP )PP (PP through (NP catalog sales )NP )PP )VP . )S  STOP
(S (NP The Food and Drug Administration )NP (VP said (SBAR (S (NP American Home Products Corp. )NP (VP agreed (S (VP to (VP recall (NP (NP certain *UNK drugs )NP (SBAR (WHNP that )WHNP (S (VP were (VP produced (PP by (NP (NP its Quantum *UNKC unit )NP (PP in (NP (NP *UNKC )NP , (NP N.Y )NP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Quantum )NP (VP stopped (VP shipping (NP the drugs )NP (NP last month )NP , (PP following (NP (NP a federal investigation )NP (VP regarding (NP (NP information )NP (SBAR (S (NP the company )NP (VP supplied (S (VP to (VP obtain (NP three drug approvals )NP )VP )VP )S )VP )S )SBAR )NP )VP )NP )PP )VP )VP . )S  STOP
(S (NP The FDA )NP (VP requested (NP (NP the recall )NP (PP of (NP (NP Quantum 's )NP *UNK *UNK , *UNK *UNK *UNK and *UNK *UNK *UNK )NP )PP )NP (SBAR because (PRN , (S (NP it )NP (VP said )VP )S , )PRN (S (NP (NP the size )NP (PP of (NP (NP the production runs )NP (VP submitted (PP for (NP testing )NP )PP (S (VP to (VP gain (NP FDA approval )NP )VP )VP )S )VP )NP )PP )NP (VP was (PP in (NP each case )NP )PP (VP *UNKED (PP as (ADJP (ADJP much larger )ADJP (SBAR than (S (NP it )NP (ADVP actually )ADVP (VP was )VP )S )SBAR )ADJP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP American Home Products )NP , (VP based (PP in (NP New York )NP )PP )VP , )NP (VP agreed (S (VP to (VP recall (NP (NP four other products )NP , (NP *UNK , *UNK , *UNK and *UNK )NP )NP , (PP because of (NP (NP concerns )NP (PP about (NP (NP data )NP (VP submitted (PP in (NP their original approval applications )NP )PP (PP before (NP the FDA )NP )PP )VP )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (S (NP (NP No safety problems )NP (PP with (NP the products )NP )PP )NP (VP are (VP known )VP )VP )S , (NP the FDA )NP (VP said )VP . )S  STOP
(S (NP An FDA *UNK )NP (VP said (SBAR (S (NP the drugs )NP (VP are (ADVP still )ADVP (ADJP available )ADJP (PP under (NP other brand names )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Last month )NP , (NP American Home Products )NP (VP said (SBAR (S (NP it )NP (VP was (VP *UNKING (NP (NP production and distribution )NP (PP of (NP (NP all 21 )NP (PP of (NP (NP Quantum 's )NP *UNK drug products )NP )PP )NP )PP )NP (PP pending (NP (NP the completion )NP (PP of (NP an *UNK internal audit )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (ADVP temporarily )ADVP (VP closed (NP Quantum )NP , (PP because of (NP (NP the internal investigation )NP , as well as (NP (NP the FDA 's )NP ongoing inquiry )NP )NP )PP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP , (NP American Home Products )NP (VP rose (NP 75 cents )NP (PP to (NP $ 105 )NP )PP (PP on (NP Friday )NP )PP )VP . )S  STOP
(S (NP *UNKC *UNKC Co. )NP (VP said (SBAR (S (NP third-quarter net income )NP (VP fell (NP 54 % )NP , (PP to (NP (NP (QP $ 73 million )QP )NP , or (NP (NP 91 cents )NP (NP a share )NP )NP )NP )PP , (PP from (NP (QP $ 160 million )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC per-share results )NP (VP are n't (ADJP *UNK )ADJP (SBAR because (S (NP the company )NP (VP went (NP public )NP (PP in (NP January )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP 7.7 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ 1.18 billion )QP )NP )PP )VP . )S  STOP
(S (NP The petrochemical maker )NP (VP said (SBAR (S (NP (NP the biggest reason )NP (SBAR (S (NP earnings )NP (VP declined )VP )S )SBAR )NP (VP was (NP (NP (NP a loss )NP (PP of (NP production time )NP )PP )NP and (NP (NP the increased costs )NP (VP associated (PP with (NP (NP a temporary maintenance closing )NP and (NP (NP expansion )NP (PP of (NP an *UNK plant )NP )PP )NP )NP )PP )VP )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (PP Like (NP other *UNK )NP )PP , (NP (NP (NP *UNKC 's )NP margins )NP (PP for (NP chemicals and gasoline )NP )PP )NP (VP were (ADJP *UNK )ADJP )VP . )S  STOP
(S (SBAR While (S (NP the company )NP (VP said (SBAR (S (NP chemical margins )NP (VP continued (S (VP to (VP *UNK )VP )VP )S (NP this quarter )NP )VP )S )SBAR )VP )S )SBAR , (NP costs )NP (VP will (VP be (ADJP lower )ADJP (SBAR because (S (NP the maintenance and *UNK )NP (VP are (ADJP complete )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP (NP Friday )NP , (NP Lyondell )NP (VP was (ADJP unchanged (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP )ADJP )VP . )S  STOP
(S (NP Four former *UNKC Corp. officials )NP (VP were (VP *UNKED (PP of (NP (NP federal charges )NP (VP related (PP to (NP (NP (NP the *UNKED company 's )NP sale )NP (PP of (NP *UNK )NP )PP )NP )PP )VP , (PP including (NP conspiracy (S (VP to (VP hide (NP *UNK defects )NP )VP )VP )S )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP in (NP (NP U.S. District Court )NP (PP in (NP Miami )NP )PP )NP )PP )NP (VP cleared (NP (NP (NP Harold *UNKC )NP , (NP a former executive vice president )NP )NP ; (NP (NP John *UNKC )NP , (NP a former vice president )NP )NP ; and (NP (NP (NP Stephen *UNKC )NP and (NP Dean *UNKC )NP )NP , (SBAR (WHNP who )WHNP (S (VP had (VP been (NP (NP engineers )NP (PP with (NP *UNKC )NP )PP )NP )VP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (NP Earlier this year )NP , (NP (NP *UNKC )NP , (NP (NP a maker )NP (PP of (NP medical devices )NP )PP )NP , )NP (VP agreed (S (VP (VP to (VP plead (S (ADJP guilty )ADJP )S (PP to (NP (NP felony and *UNK charges )NP (ADJP related (PP to (NP the *UNK )NP )PP )ADJP )NP )PP )VP )VP and (VP to (VP pay (NP the government )NP (NP (NP (QP about $ 5.7 million )QP )NP (PP in (NP (NP fines )NP and (NP other costs )NP )NP )PP )NP )VP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (VP sold (NP its *UNK operations )NP (ADVP (NP two years )NP ago )ADVP (PP to (NP (NP *UNKC Holding Ltd. )NP (PP of (NP Australia )NP )PP )NP )PP )VP . )S  STOP
(NP *UNKC : )NP  STOP
(S (NP (NP Management and unions )NP (VP representing (NP (NP *UNKN employees )NP (PP at (NP (NP *UNKC Corp. 's )NP Toronto Star )NP )PP )NP )VP )NP (VP reached (NP a tentative contract agreement )NP (NP Friday )NP , (S (VP *UNKING (NP (NP a strike )NP (PP by (NP (NP most employees )NP (PP of (NP (NP Canada 's )NP largest daily newspaper )NP )PP )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP (NP Members )NP (PP of (NP (NP the largest union )NP , (VP representing (NP *UNKN workers )NP )VP , )NP )PP )NP (VP voted (PP in (NP (NP favor )NP (PP of (NP the pact )NP )PP )NP )PP (NP yesterday )NP )VP . )S  STOP
(S (S (NP Four other unions )NP (VP have (ADVP yet )ADVP (S (VP to (VP vote )VP )VP )S )VP )S , but (S (NP their leadership )NP (ADVP also )ADVP (VP recommended (NP approval )NP )VP )S . )S  STOP
(S (NP The pact )NP (VP proposes (NP (NP a (ADJP 2 1\/2-year )ADJP contract )NP (PP with (NP (NP a raise )NP (PP of (NP (NP (NP 8 % )NP (PP in (NP the first year )NP )PP )NP , (NP (NP 7 % )NP (PP in (NP the second )NP )PP )NP and (NP (NP 4 % )NP (PP for (NP the final six months )NP )PP )NP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC Inc. )NP (VP said (SBAR (S (NP its second-quarter earnings )NP (VP increased (ADVP more than *UNK )ADVP (PP to (NP (NP (QP $ 3.9 million )QP )NP , or (NP (NP 22 cents )NP (NP a share )NP )NP )NP )PP , (PP due (PP to (NP (NP increased sales )NP (PP of (NP (NP (NP the company 's )NP new *UNK drug )NP (PP for (NP kidney patients )NP )PP )NP )PP )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The (ADJP *UNKC *UNKC , *UNKED )ADJP biotechnology company )NP (VP reported (NP (NP a (ADJP 97 % )ADJP increase )NP (PP in (NP revenue )NP )PP (PP to (NP (QP $ *UNKN million )QP )NP )PP )NP (PP for (NP (NP the quarter )NP (VP ended (NP Sept. 30 )NP )VP )NP )PP )VP . )S  STOP
(S (PP In (NP the year-ago period )NP )PP , (NP Amgen )NP (VP reported (NP (NP net income )NP (PP of (NP (NP $ *UNKN )NP , or (NP (NP two cents )NP (NP a share )NP )NP )NP )PP , (PP on (NP (NP revenue )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP For (NP the six months )NP )PP , (NP the company )NP (VP reported (NP (NP a (ADVP more than *UNK )ADVP increase )NP (PP in (NP earnings )NP )PP (PP to (NP (NP (QP $ 4.7 million )QP )NP , or (NP (NP 26 cents )NP (NP a share )NP )NP )NP )PP , (PP from (NP (NP $ *UNKN )NP , or (NP (NP four cents )NP (NP a share )NP )NP )NP (ADVP (NP a year )NP ago )ADVP )PP )NP )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP 77 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP , (PP from (NP (NP last year 's )NP (QP $ 41 million )QP )NP )PP )VP . )S  STOP
(S (S (NP *UNKC *UNKC )NP (VP *UNKC (NP a peace plan )NP )VP )S but (S (NP Aoun )NP (VP rejected (NP it )NP )VP )S . )S  STOP
(S (S (NP (NP Lebanon 's )NP Parliament )NP (VP passed (NP the *UNKING accord )NP (S (VP to (VP end (NP (NP the country 's )NP *UNK- conflict )NP )VP )VP )S )VP )S , but (S (NP the Christian military leader )NP (VP *UNK (SBAR (S (NP the plan )NP (VP was `` (ADJP full (PP of (NP *UNK )NP )PP )ADJP )VP )S )SBAR )VP )S . '' )S  STOP
(S (NP (NP The Arab *UNKED pact )NP , (VP drafted (PP during (NP (NP three weeks )NP (PP of (NP (NP talks )NP (PP at (NP (NP the Saudi *UNKC resort )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP )PP )NP )PP )VP , )NP (VP (VP includes (NP (NP *UNKC proposals )NP (PP for (NP (NP (ADVP at least )ADVP a partial *UNK *UNK )NP (PP from (NP Lebanon )NP )PP )NP )PP )NP )VP , and (VP guarantees (NP (NP an equal number )NP (PP of (NP seats )NP )PP (PP for (NP *UNKC and *UNKC )NP )PP (PP in (NP the Parliament )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP The rejection )NP (PP by (NP (NP Aoun )NP , (SBAR (WHNP who )WHNP (S (VP has (VP demanded (NP (NP a (ADJP total and immediate )ADJP *UNK- )NP (PP of (NP (NP *UNKC 's )NP *UNKN troops )NP )PP )NP )VP )VP )S )SBAR , )NP )PP )NP (VP puts (NP (NP the future )NP (PP of (NP the agreement )NP )PP )NP (PP in (NP doubt )NP )PP )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP *UNKC (PP for (NP *UNKED traffic *UNK )NP )PP )VP . )S  STOP
(S (SBAR As (S (NP *UNK )NP (VP pressed (NP their efforts )NP (PP after (S (VP finding (NP a *UNK )NP (PP in (NP a collapsed freeway )NP )PP )VP )S )PP )VP )S )SBAR , (NP the San Francisco Bay area )NP (VP *UNKED (PP for (NP (NP (QP hundreds of thousands )QP )NP (PP of (NP (NP commuters )NP (VP seeking (S (VP to (VP avoid (NP (NP routes )NP (VP *UNKED (PP by (NP (NP last Tuesday 's )NP *UNK )NP )PP )VP )NP )VP )VP )S )VP )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP Oakland )NP )PP , (NP officials )NP (VP said (SBAR (S (NP (NP the *UNK- *UNK )NP (SBAR (WHNP who )WHNP (S (VP spent (NP four days )NP (S (VP *UNKED (PP in (NP rubble )NP )PP )VP )S )VP )S )SBAR )NP (VP was (PP in (NP critical condition )NP )PP (PP with (NP slight improvement )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP (NP damage )NP (PP in (NP (NP the area )NP , (VP visited (NP Friday )NP (PP by (NP Bush )NP )PP )VP , )NP )PP )NP )PP )NP (VP topped (NP (QP $ 5 billion )QP )NP )VP . )S  STOP
(S (NP The baseball commissioner )NP (VP announced (SBAR that (S (NP (NP the third game )NP (PP of (NP the World Series )NP )PP (PP between (NP (NP the Giants )NP and (NP the *UNKC )NP )NP )PP )NP (VP would n't (VP resume (PP until (NP Friday )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP THE U.S. . )NP (VP *UNK (VP *UNKC (S (VP to (VP *UNK (NP foreign *UNK )NP (PP of (NP certain coup plans )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (PP Under (NP (NP guidelines )NP (VP included (PP in (NP (NP an exchange )NP (PP of (NP letters )NP )PP (PP between (NP (NP the Reagan administration )NP and (NP the Senate Intelligence panel )NP )NP )PP (NP last year )NP )NP )PP )VP )NP )PP , (NP the U.S. )NP (VP must (VP *UNK (NP foreign *UNK )NP (PP of (NP (NP plans )NP (ADJP likely (S (VP to (VP *UNK (NP their lives )NP )VP )VP )S )ADJP )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP The existence )NP (PP of (NP the policy )NP )PP )NP (VP became (VP known (SBAR after (S (NP Bush )NP (VP disclosed (NP it )NP (PP to (NP seven GOP senators )NP )PP (NP last week )NP , (S (VP citing (NP the plan )NP (PP as (NP (NP an example )NP (PP of (NP (NP congressional requirements )NP (SBAR (S (NP the administration )NP (VP contends (SBAR (S (VP contribute (PP to (NP (NP the failure )NP (PP of (NP covert actions )NP )PP )NP )PP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )PP )VP )S )VP )S )SBAR )VP )VP )S , (NP officials )NP (VP said )VP . )S  STOP
(S (S (NP Bush )NP (VP conceded (SBAR that (S (NP the requirement )NP (VP did n't (VP affect (NP a decision (S (VP to (VP lend (NP (ADJP only minor )ADJP support )NP (PP to (NP (NP this month 's )NP failed effort (S (VP to (VP oust (NP (NP Panama 's )NP Noriega )NP )VP )VP )S )NP )PP )VP )VP )S )NP )VP )VP )S )SBAR )VP )S , (NP aides )NP (VP said )VP . )S  STOP
(S (NP (NP The shuttle *UNKC 's )NP crew )NP (VP prepared (S (VP to (VP return (PP to (NP Earth )NP )PP (NP today )NP (ADVP (ADVP (NP several hours )NP earlier )ADVP (SBAR than (S (VP planned )VP )S )SBAR )ADVP (S (VP to (VP avoid (NP (NP (NP high *UNK )NP )NP (VP forecast (PP at (NP (NP the landing site )NP (PP at (NP (NP Edwards Air Force *UNKC )NP , (NP Calif )NP )NP )PP )NP )PP )VP )NP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP (NP The five *UNK )NP , (SBAR (WHNP who )WHNP (S (VP (VP *UNKED (NP gear )NP )VP and (VP tested (NP (NP the *UNK 's )NP *UNKING )NP )VP )VP )S )SBAR , )NP (VP said (SBAR (S (NP they )NP (VP were (ADJP *UNKED (PP about (NP (NP the *UNK weather )NP (VP expected (PP in (NP the *UNKC *UNKC )NP )PP )VP )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP Commonwealth leaders )NP (VP issued (NP (NP a *UNK )NP (VP giving (NP South Africa )NP (NP (NP six months )NP (SBAR (S (VP to (VP (VP deliver (PP on (NP *UNK (S (VP to (VP ease (NP apartheid )NP )VP )VP )S )NP )PP )VP or (VP face (NP new *UNK )NP )VP )VP )VP )S )SBAR )NP )VP )NP )VP . )S  STOP
(S (NP The *UNK- organization )NP , (S (VP meeting (PP in (NP Malaysia )NP )PP )VP )S , (VP called (PP for (NP (NP tighter financial pressure )NP (ADVP immediately )ADVP )NP )PP )VP . )S  STOP
(S (NP (NP Britain 's )NP Prime Minister Thatcher )NP (ADVP alone )ADVP (VP *UNKED )VP . )S  STOP
(S (NP (NP East Germany 's )NP leadership )NP (VP vowed (NP *UNK action (S (VP to (VP ease (NP (NP travel )NP (PP to (NP the West )NP )PP )NP )VP )VP )S )NP )VP . )S  STOP
(S (PP Despite (NP (NP the *UNK )NP (PP by (NP the Communist *UNK )NP )PP )NP )PP , (NP (NP (QP tens of thousands )QP )NP (PP of (NP people )NP )PP )NP (ADVP across (NP the country )NP )ADVP (VP staged (NP *UNK )NP (PP over (NP the weekend )NP )PP (S (VP to (VP demand (NP democratic freedoms )NP )VP )VP )S )VP . )S  STOP
(S (PP In (NP *UNKC )NP )PP , (NP (QP more than 500 )QP people )NP (VP met (PP with (NP local party officials )NP )PP (S (VP to (VP discuss (NP internal changes )NP )VP )VP )S )VP . )S  STOP
(S (NP The Senate )NP (VP convicted (NP (NP federal Judge *UNKC Hastings )NP (PP of (NP Miami )NP )PP )NP (PP of (NP eight impeachment articles )NP )PP , (S (VP removing (NP him )NP (PP from (NP the bench )NP )PP )VP )S )VP . )S  STOP
(S (NP The chamber )NP (VP voted (ADVP *UNKN )ADVP (NP Friday )NP (S (VP to (VP *UNK (NP the judge )NP (PP of (NP (NP *UNK )NP and (NP bribery conspiracy )NP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP It )NP (VP marked (NP (NP the first time )NP (SBAR (S (NP a U.S. official )NP (VP was (VP *UNKED (PP on (NP (NP charges )NP (SBAR (WHPP of (WHNP which )WHNP )WHPP (S (NP a jury )NP (VP had (VP *UNKED (NP him )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Rep. Garcia )NP and (NP his wife )NP )NP (VP were (VP found (S (ADJP guilty )ADJP )S (PP by (NP (NP a federal jury )NP (PP in (NP New York )NP )PP )NP )PP (PP of (S (VP *UNKING (NP $ *UNKN )NP (PP from (NP Wedtech Corp. )NP )PP (PP in (NP (NP return )NP (PP for (NP (NP official acts )NP (PP by (NP the New York Democrat )NP )PP )NP )PP )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S (NP The jury )NP (ADVP also )ADVP (VP convicted (NP them )NP (PP of (NP (NP *UNK )NP (PP in (S (VP obtaining (NP a (ADJP $ 20,000 )ADJP *UNK- loan )NP (PP from (NP (NP an officer )NP (PP of (NP the *UNK defense contractor )NP )PP )NP )PP )VP )S )PP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP in (NP *UNKC )NP )PP )NP (VP launched (NP (NP an investigation )NP (PP into (NP (NP the cause )NP (PP of (NP (NP (NP Saturday 's )NP crash )NP (PP of (NP a *UNKC *UNK )NP )PP (SBAR (WHNP that )WHNP (S (VP killed (NP (NP *UNKN )NP (PP of (NP (NP the *UNKN people )NP (ADVP *UNK )ADVP )NP )PP )NP )VP )S )SBAR )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP The Boeing *UNKN )NP , (PP *UNK (NP (NP route )NP (PP to (NP *UNKC )NP )PP (PP from (NP Costa Rica )NP )PP (PP via (NP Nicaragua )NP )PP )NP )PP , )NP (VP *UNKED (PP into (NP (NP the *UNK )NP (ADVP outside (NP *UNKC )NP )ADVP )NP )PP (SBAR as (S (NP it )NP (VP approached (NP (NP the capital 's )NP airport )NP (PP in (NP (NP high *UNK )NP and (NP low *UNK )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The U.S. )NP and (NP Israel )NP )NP (VP have (VP been (VP holding (SBAR (WHNP what )WHNP (S (NP (NP an aide )NP (PP to (NP (NP Prime Minister )NP (NP *UNKC )NP )NP )PP )NP (VP called (S (NP intense telephone negotiations )NP )S )VP )S )SBAR (PP in (NP an effort (S (VP to (VP bridge (NP (NP differences )NP (PP over (NP *UNKC peace moves )NP )PP )NP )VP )VP )S )NP )PP )VP )VP )VP . )S  STOP
(S (NP The Labor Party )NP , (ADVP meanwhile )ADVP , (VP threatened (S (VP to (VP support (NP a parliamentary motion (S (VP to (VP *UNK (NP the coalition )NP )VP )VP )S )NP (SBAR unless (S (NP *UNKC )NP (VP showed (NP (NP flexibility )NP (PP on (NP *UNKC talks )NP )PP )NP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP (NP Nicaragua 's )NP Defense Ministry )NP (VP said (SBAR (S (NP (NP a group )NP (PP of (NP Contra rebels )NP )PP )NP (VP *UNKED (NP (NP two trucks )NP (VP carrying (NP troops )NP )VP )NP (PP in (NP northern Nicaragua )NP )PP , (S (VP killing (NP (NP 18 )NP (PP of (NP the soldiers )NP )PP )NP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The incident )NP (VP occurred (NP Saturday night )NP )VP . )S  STOP
(S (S (NP (NP The Sandinista government )NP and (NP the *UNKED *UNK )NP )NP (VP agreed (PP in (NP March )NP )PP (S (VP to (VP suspend (NP offensive operations )NP )VP )VP )S )VP )S , but (S (NP there )NP (VP has (VP been (NP *UNK fighting )NP )VP )VP )S . )S  STOP
(S (S (NP Scientists )NP (VP have (VP isolated (NP (NP a *UNK )NP (SBAR (WHNP that )WHNP (S (VP may (VP hold (NP potential )NP (PP as (NP (NP a treatment )NP (PP for (NP (NP disruptions )NP (PP of (NP the immune system )NP )PP , (VP ranging (PP (PP from (NP *UNK- rejection )NP )PP , (PP to (NP *UNK and *UNK )NP )PP )PP )VP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S , (NP *UNKC Corp. )NP (VP said )VP . )S  STOP
(S (NP The *UNK )NP (VP is (NP (NP the *UNK version )NP (PP of (NP (NP a protein )NP (VP called (NP the *UNK- *UNK )NP )VP , (SBAR (WHNP which )WHNP (S (VP directs (NP (NP the growth and function )NP (PP of (NP white blood cells )NP )PP )NP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (VP *UNKED )VP : (NP (NP Alfred *UNKC )NP , (NP 79 )NP , (NP (NP former president )NP (PP of (NP (NP the Federal Reserve Bank )NP (PP of (NP New York )NP )PP )NP )PP )NP )NP , (NP Saturday )NP , (PP in (NP (NP New *UNKC )NP , (NP Conn )NP )NP )PP . )S  STOP
(S (NP Contel Corp. )NP (VP said (SBAR (S (NP third-quarter net income )NP (VP increased (NP 16 % )NP (PP to (NP (NP (QP $ 72 million )QP )NP , or (NP (NP 45 cents )NP (NP a share )NP )NP )NP )PP , (PP from (NP (NP (QP $ 62 million )QP )NP , or (NP (NP 39 cents )NP (NP a share )NP )NP )NP )PP , (PP as (NP (NP a result )NP (PP of (NP (NP strong growth )NP (PP in (NP (NP *UNK- lines )NP and (NP (NP long-distance minutes )NP (PP of (NP use )NP )PP )NP )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The telecommunications company 's )NP results )NP (VP included (NP (NP a one-time gain )NP (PP of (NP (NP (QP $ 4 million )QP )NP , or (NP (NP two cents )NP (NP a share )NP )NP )NP )PP , (PP from (NP (NP the sale )NP (PP of (NP (NP Contel Credit )NP , (NP a leasing and financial-services subsidiary )NP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP 8.3 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP *UNKC quarterly profit )NP (VP increased (NP 9 % )NP (PP to (NP (QP $ 84 million )QP )NP )PP (PP from (NP (QP $ 77 million )QP )NP )PP , (SBAR while (S (NP *UNK- earnings )NP (VP declined (NP 33 % )NP (PP to (NP (QP $ 4 million )QP )NP )PP (PP from (NP (QP $ 6 million )QP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Information systems )NP (VP posted (NP (NP a loss )NP (PP of (NP (QP $ 8 million )QP )NP )PP )NP , (PP compared (PP with (NP (NP a loss )NP (PP of (NP (NP (QP $ 9 million )QP )NP (ADVP (NP a year )NP earlier )ADVP )NP )PP )NP )PP )PP )VP . )S  STOP
(S (S (NP *UNKC lines )NP (VP increased (PP at (NP (NP an annualized rate )NP (PP of (NP (QP about 4 )QP % )NP )PP )NP )PP )VP )S and (S (NP (NP minutes )NP (PP of (NP long-distance use )NP )PP )NP (VP rose (NP about 12 % )NP )VP )S . )S  STOP
(S (NP (NP A (ADJP 10 % )ADJP gain )NP (PP in (NP operating profit )NP )PP (PP in (NP the quarter )NP )PP )NP (VP was (VP offset (PP by (NP (NP a (ADJP 21 % )ADJP boost )NP (PP in (NP interest expense )NP )PP , (VP reflecting (NP higher (NX (NX consolidated borrowings )NX and (NX interest rates )NX )NX )NP )VP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP , (NP Contel )NP (VP closed (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP , (ADVP down (NP *UNK cents )NP )ADVP )VP . )S  STOP
(S (PP In (NP (NP East Germany )NP , (SBAR (WHADVP where )WHADVP (S (NP humor )NP (VP has (ADVP long )ADVP (VP been (NP (NP the only way )NP (SBAR (S (VP to (VP express (NP political criticism )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )PP , (NP they )NP (VP 're not (VP *UNKING (PP about (NP their new leader *UNKC Krenz )NP )PP )VP )VP . )S  STOP
(S (NP Mr. Krenz )NP (VP is (NP (NP such a *UNK figure )NP (SBAR that (S (NP nobody )NP (VP has (ADVP even )ADVP (VP come (PRT up )PRT (PP with (NP (NP any good jokes )NP (PP about (NP him )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(SINV `` (S (NP You )NP (VP have (S (VP to (VP have (NP (NP clear feelings )NP (PP about (NP someone )NP )PP )NP (SBAR before (S (NP you )NP (VP can (VP make (NP jokes )NP )VP )VP )S )SBAR )VP )VP )S )VP )S , '' (VP says )VP (NP (NP an East German mother )NP (PP of (NP two )NP )PP (SBAR (WHNP who )WHNP (S (VP *UNK (VP *UNKING (NP political *UNK )NP (PP with (NP her friends )NP )PP )VP )VP )S )SBAR )NP . )SINV  STOP
(S `` (PP With (NP Krenz )NP )PP , (NP we )NP (ADVP just )ADVP (VP do n't (VP know (SBAR (WHNP what )WHNP (S (VP to (VP expect )VP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP Mr. Krenz )NP (VP does n't (VP seem (S (VP to (VP be (NP (NP the *UNK- *UNK )NP (SBAR (S (NP many )NP (ADVP initially )ADVP (VP thought (SBAR (S (NP he )NP (VP was )VP )S )SBAR (SBAR (WHADVP when )WHADVP (S (NP the *UNK- Politburo member )NP (VP was (VP selected (NP last week )NP (S (VP to (VP succeed (NP *UNKC Honecker )NP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S But (NP he )NP (VP does n't (VP appear (S (VP to (VP be (ADJP ready (S (VP to (VP make (NP broad changes )NP )VP )VP )S )ADJP (ADVP either )ADVP )VP )VP )S )VP )VP . )S  STOP
(S (PP According (PP to (NP (NP East Germany 's )NP *UNKC news agency )NP )PP )PP , (NP Mr. Krenz )NP (VP (VP spoke (PP to (NP Soviet leader Mikhail Gorbachev )NP )PP (PP by (NP telephone )NP )PP (PP over (NP the weekend )NP )PP )VP and (VP acknowledged (SBAR (S (NP East Germany )NP (VP could (VP learn (PP from (NP (NP Moscow 's )NP glasnost policies )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP Already )ADVP (NP last week )NP , (NP Mr. Krenz )NP (VP started (S (VP *UNKING (NP (NP East Germany 's )NP (ADJP (ADJP heavily *UNKED )ADJP and (ADJP *UNKLY boring )ADJP )ADJP news media )NP )VP )S )VP . )S  STOP
(S (PP On (NP Thursday )NP )PP , (SBAR (NP a day )NP after (S (NP he )NP (VP took (NP office )NP )VP )S )SBAR , (NP (ADJP East German )ADJP television )NP (VP broke (PP into (NP regular programming )NP )PP (S (VP to (VP launch (NP (NP a talk show )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP viewers )NP (VP call (PRT in )PRT (NP (NP questions )NP (SBAR for (S (NP (NP a panel )NP (PP of (NP officials )NP )PP )NP (VP to (VP answer )VP )VP )S )SBAR )NP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP The regular *UNKLY news program )NP and (NP daily newspapers )NP )NP (VP are (ADVP also )ADVP (VP getting (NP (NP a visible injection )NP (PP of (NP *UNKC glasnost )NP )PP )NP )VP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP was (NP quite a shock )NP )VP )S , '' (VP says )VP (NP a *UNK- East German *UNK )NP . )SINV  STOP
(S `` (PP For (NP (NP the first time )NP (PP in (NP my life )NP )PP )NP )PP , (NP I )NP (VP was n't (ADJP sure (SBAR whether (S (NP I )NP (VP was (VP listening (PP to (NP (NP our news )NP or (NP (ADJP West German )ADJP television )NP )NP )PP )VP )VP )S )SBAR )ADJP )VP . '' )S  STOP
(S (NP (NP Other changes )NP , (PP including (S (VP easing (NP (NP restrictions )NP (PP on (NP travel )NP )PP (PP for (NP East Germans )NP )PP )NP )VP )S )PP , )NP (VP are (VP expected )VP )VP . )S  STOP
(S But (SBAR whether (S (NP such moves )NP (VP can (VP win (ADVP back )ADVP (NP (NP the confidence )NP (PP of (NP (NP East Germans )NP , (SBAR (WHNP who )WHNP (S (VP have (VP taken (PP to (NP the streets )NP )PP (PP by (NP the thousands )NP )PP (PP in (NP recent weeks )NP )PP (S (VP to (VP demand (NP democratic changes )NP )VP )VP )S )VP )VP )S )SBAR , )NP )PP )NP )VP )VP )S )SBAR (VP depends (ADVP largely )ADVP (PP on (SBAR whether (S (NP they )NP (VP feel (SBAR (S (NP they )NP (VP can (VP trust (NP Mr. Krenz )NP )VP )VP )S )SBAR )VP )S )SBAR )PP )VP . )S  STOP
(S And (NP that )NP (VP 's (NP a problem )NP )VP . )S  STOP
(S (NP Mr. Krenz )NP (VP is (VP (CONJP not only )CONJP (VP (ADVP closely )ADVP identified (PP with (NP (NP his *UNK )NP , (NP Mr. Honecker )NP )NP )PP )VP , (CONJP but also )CONJP (VP blamed (PP (PP for (S (VP ordering (NP (NP *UNK police action )NP (PP against (NP protesters )NP )PP (NP this month )NP )NP )VP )S )PP and (PP for (S (VP *UNKING (NP China )NP (PP for (S (VP sending (NP tanks )NP (PP against (NP student demonstrators )NP )PP )VP )S )PP )VP )S )PP )PP )VP )VP )VP . )S  STOP
(SINV `` (S (NP I )NP (VP hope (SBAR (S (NP he )NP (VP grows (PP with (NP the job )NP )PP )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a *UNKC *UNK )NP (PP in (NP East Berlin )NP )PP )NP )NP . )SINV  STOP
(S `` (NP The (ADJP most important )ADJP thing )NP (VP is (SBAR that (S (NP he )NP (VP have (NP a chance )NP )VP )S )SBAR )VP . '' )S  STOP
(S (SBAR Although (S (NP Mr. Krenz )NP (VP is (VP *UNKED (PP to (NP (NP (NP East Germany 's )NP conservative *UNK )NP (PP of (NP *UNK )NP )PP )NP )PP )VP )VP )S )SBAR , (NP there )NP (VP is (NP (NP much )NP (PP about (NP his style )NP )PP (SBAR (WHNP that )WHNP (S (VP sets (NP him )NP (ADVP apart )ADVP (PP from (NP his party *UNK )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP Unlike (NP (NP Mr. Honecker )NP , (SBAR (WHNP who )WHNP (S (VP *UNKED (S (VP to (VP *UNK (NP people )NP (PP about (NP socialist values )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP , (NP Mr. Krenz )NP (VP *UNK (S (VP asking (NP questions )NP )VP )S )VP . )S  STOP
(S (ADVP Indeed )ADVP , (NP (NP one )NP (PP of (NP (NP his first actions )NP (PP as (NP leader )NP )PP )NP )PP )NP (VP was (S (VP to (VP (VP visit (NP (NP a *UNK machine factory )NP (PP on (NP (NP the *UNK )NP (PP of (NP Berlin )NP )PP )NP )PP )NP )VP and (VP *UNK (PP among (NP the workers )NP )PP -- (ADVP a la (NP Gorbachev )NP )ADVP )VP )VP )VP )S )VP . )S  STOP
(S (NP He )NP (VP was (ADVP later )ADVP (VP shown (PP on (NP television )NP )PP , (S (VP *UNKING (NP questions )NP )VP )S )VP )VP . )S  STOP
(S (PP At (NP one point )NP )PP , (NP he )NP (VP asked (NP a worker )NP (SBAR whether (S (NP he )NP (VP thought (SBAR (S (NP East Germans )NP (VP were (VP *UNKING (NP the country )NP (PP because of (NP restrictive travel policies )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(NP (NP (NP The worker 's )NP *UNK *UNKLY )NP : `` (S (NP It )NP (VP 's (NP (NP more )NP (PP than (NP just travel )NP )PP )NP )VP )S . )NP  STOP
(S (NP People )NP (VP have (NP a sense (SBAR (S (NP the government )NP (VP is (VP ignoring (NP (NP the real problems )NP (PP in (NP our society )NP )PP )NP )VP )VP )S )SBAR )NP )VP . '' )S  STOP
(S (NP The exchange )NP (VP was (ADJP (NP all the more )NP remarkable )ADJP (PP in (SBAR that (S (NP authorities )NP (VP released (NP television *UNK )NP (PP to (NP Western news agencies )NP )PP )VP )S )SBAR )PP )VP . )S  STOP
(S (NP (NP This same tendency )NP (PP toward (NP *UNK )NP )PP )NP (VP *UNKED (NP (NP a group )NP (PP of (NP *UNKING U.S. *UNK )NP )PP )NP (NP this spring )NP )VP . )S  STOP
(S (PP Rather than (S (VP trying (S (VP to `` (VP *UNK (NP us )NP )VP )VP )S )VP )S )PP (PRN , '' (SINV (VP says )VP (NP (NP one congressional aide )NP (SBAR (WHNP who )WHNP (S (VP attended (NP the *UNK- meeting )NP )VP )S )SBAR )NP )SINV , )PRN (NP Mr. Krenz )NP `` (VP wanted (S (VP to (VP listen )VP )VP )S )VP . '' )S  STOP
(S (NP (NP (NP Rep. *UNKC *UNKC )NP -LRB- (NP D. )NP , (NP *UNKC )NP -RRB- )NP , (NP (NP one )NP (PP of (NP (NP the members )NP (PP of (NP the delegation )NP )PP )NP )PP )NP , )NP (VP says (SBAR (S (NP he )NP (VP was (VP (ADVP particularly )ADVP *UNKED (PP by (NP (NP Mr. Krenz 's )NP ready admission (SBAR that (S (NP East Germany )NP (VP needed (S (VP to (VP change )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP He )NP (VP 's (NP (NP a (ADVP very tough )ADVP man )NP , but (NP (NP one )NP (SBAR (WHNP who )WHNP (S (VP 's (ADVP also )ADVP (ADJP open (PP to (NP arguments )NP )PP )ADJP )VP )S )SBAR )NP )NP )VP )S , '' (VP adds )VP (NP (NP an aide )NP (PP to (NP (ADJP West German )ADJP Chancellor *UNKC *UNKC )NP )PP )NP . )SINV  STOP
(S But (NP there )NP (VP 's (NP another side )NP (PP to (NP Mr. Krenz )NP )PP )VP . )S  STOP
(S (S (VP *UNKC (PP in (NP (NP a *UNKC town )NP (PP in (NP (NP an area )NP (SBAR (WHNP which )WHNP (S (VP is (ADVP now )ADVP (NP (NP part )NP (PP of (NP Poland )NP )PP )NP )VP )S )SBAR )NP )PP )NP )PP )VP )S , (NP he )NP (VP has (VP dedicated (NP his life )NP (PP to (NP the party *UNK )NP )PP )VP )VP . )S  STOP
(S (NP He )NP (VP (VP moved (ADVP quickly )ADVP (PP through (NP the ranks )NP )PP (PP with (NP (NP the help )NP (PP of (NP (NP his *UNK )NP , (NP Mr. Honecker )NP )NP )PP )NP )PP )VP , and (VP emerged (PP as (NP the *UNK apparent )NP )PP )VP )VP . )S  STOP
(S (NP (NP Barbara *UNKC )NP , (NP (NP an expert )NP (PP on (NP East Germany )NP )PP (PP at (NP (NP Radio Free Europe )NP (PP in (NP *UNKC )NP )PP )NP )PP )NP , )NP (VP says (SBAR (S (S (NP Mr. Krenz )NP (VP may (VP project (NP a smooth image )NP )VP )VP )S , but (S (NP she )NP (VP doubts (SBAR (S (NP he )NP (VP 's (NP a true *UNK )NP )VP )S )SBAR )VP )S )S )SBAR )VP . )S  STOP
(S (SBAR Even if (S (NP he )NP (VP is )VP )S )SBAR (PRN , (S (NP she )NP (VP adds )VP )S , )PRN (NP he )NP (VP appears (S (VP to (VP have (NP (NP only limited room )NP (PP for (NP maneuver )NP )PP (PP within (NP (NP the Communist Party 's )NP ruling Politburo )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (PP *UNKC (NP this background )NP )PP , (NP the new East German leader )NP (VP must (VP move (ADVP quickly )ADVP (S (VP to (VP shore (PRT up )PRT (NP (NP his government 's )NP standing )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP (NP The sudden growth )NP (PP of (NP the opposition movement )NP )PP )NP , together with (NP (NP the steady *UNK )NP (PP of (NP (NP citizens )NP (VP *UNKING (PP through (NP Poland and Hungary )NP )PP )VP )NP )PP )NP , )NP (VP has (VP plunged (NP the country )NP (PP into (NP (NP its *UNK political crisis )NP (PP since (NP (NP (NP an *UNK- workers ' )NP *UNKING )NP (PP in (NP *UNKN )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP He )NP (VP does n't (VP have (NP any *UNK period )NP )VP )VP )S , '' (VP says )VP (NP (NP a Western *UNK )NP (VP based (PP in (NP East Berlin )NP )PP )VP )NP . )SINV  STOP
(S `` But (SBAR if (S (NP he )NP (VP 's (ADJP sharp and quick )ADJP )VP )S )SBAR , (NP he )NP (VP has (NP a chance )NP )VP . '' )S  STOP
(S (NP The *UNK )NP (VP adds (SBAR that (S (NP Mr. Krenz )NP (VP has (NP (NP several things )NP (VP going (PP for (NP him )NP )PP )VP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The East German economy )NP (VP is (ADJP strong )ADJP (PP compared (PP with (NP other East bloc nations )NP )PP )PP )VP . )S  STOP
(S And (NP his relative youth )NP (VP could (VP help (S (NP him )NP (VP project (NP (NP a (ADJP more *UNK )ADJP image )NP , (VP *UNKING (PP with (NP (NP the perception )NP (PP of (NP Mr. Honecker )NP )PP (PP as (NP an *UNK- old man )NP )PP )NP )PP )VP )NP )VP )S )VP )VP . )S  STOP
(S (PP For (NP average East Germans )NP )PP , (NP Mr. Krenz )NP (VP remains (NP a *UNK )NP )VP . )S  STOP
(SINV `` (S *UNKC (S (NP he )NP (VP was n't (VP being (ADJP real )ADJP (PP in (NP the past )NP )PP )VP )VP )S , or (S (NP he )NP (VP is n't (VP being (ADJP real )ADJP (ADVP right now )ADVP )VP )VP )S )S , '' (VP says )VP (NP a *UNK- East German doctor )NP . )SINV  STOP
(S `` (NP Either way )NP , (NP I )NP (VP have (NP a problem )NP (PP with (SBAR (WHADVP how quickly )WHADVP (S (NP he )NP (VP 's (VP changed )VP )VP )S )SBAR )PP )VP . '' )S  STOP
(S (NP The doctor )NP (VP was (PP among (NP (NP dozens )NP (PP of (NP people )NP )PP (VP *UNKING (PP through (NP (NP East Berlin 's )NP *UNKC Church )NP )PP (NP Saturday morning )NP )VP )NP )PP )VP . )S  STOP
(S (NP (NP The walls )NP (PP of (NP the church )NP )PP )NP (VP are (VP covered (PP with (NP (NP (NP *UNK )NP , (NP news *UNK )NP , and (NP *UNK notes )NP )NP (VP associated (PP with (NP (NP the country 's )NP political opposition )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S `` (NP I )NP (VP have (S (VP to (VP come (ADVP here )ADVP )VP )VP )S (S (VP to (VP read (NP the walls )NP )VP )VP )S (PRN , '' (SINV (VP says )VP (NP the doctor )NP )SINV , )PRN `` (SBAR because (S (NP it )NP (VP 's (NP (NP information )NP (SBAR (S (NP I )NP (ADVP still )ADVP (VP ca n't (VP get (PP through (NP the newspapers )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . '' )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP East Germany 's )NP growing *UNK )NP (VP may (ADVP even )ADVP (VP allow (S (NP the state-controlled news media )NP (VP to (VP display (NP (NP a *UNKED sense )NP (PP of (NP humor )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Television )NP (NP last week )NP (VP carried (NP (NP a new report )NP (PP on (NP (NP (NP East Berlin 's )NP main *UNK factory )NP and (NP the need (S (VP to (VP boost (NP production )NP )VP )VP )S )NP )NP )PP )NP )VP . )S  STOP
(S (NP East Germans )NP (VP remember (NP (NP a comment )NP (ADVP (NP a few years )NP ago )ADVP (PP by (NP (NP *UNKC *UNKC )NP , (NP (NP the government 's )NP top *UNK )NP )NP )PP , (SBAR that (S (SBAR (ADVP just )ADVP because (S (NP a neighbor )NP (VP *UNK (NP new *UNK )NP )VP )S )SBAR , (NP there )NP (VP 's (NP (NP no reason )NP (SBAR (S (VP to (VP change (NP your own )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP His point )NP (VP was (SBAR (S (NP there )NP (VP is (NP (NP no reason )NP (SBAR for (S (NP East Germany )NP (VP to (VP copy (NP *UNKC changes )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP (NP It )NP )NP (VP 's (ADJP hard )ADJP (S (VP to (VP know (SBAR whether (S (NP it )NP (VP was (VP intended (S (VP to (VP be (ADJP funny )ADJP )VP )VP )S )VP )VP )S )SBAR )VP )VP )S )VP )S (PRN , '' (SINV (VP says )VP (NP the East Berlin *UNK )NP )SINV , )PRN `` But (S (NP (NP everyone )NP (SBAR (S (NP I )NP (VP know )VP )S )SBAR )NP (VP *UNKED (PP about (NP it )NP )PP )VP )S . )S  STOP
(S (NP (NP The list )NP (PP of (NP (NP laboratories )NP (VP claiming (S (VP to (VP be (VP producing (NP (NP *UNK amounts )NP (PP of (NP heat )NP )PP )NP (PP from (NP `` cold fusion '' experiments )NP )PP )VP )VP )VP )S )VP )NP )PP )NP (VP is (ADVP slowly )ADVP (VP growing )VP )VP . )S  STOP
(S But (NP the experiments )NP (VP continue (S (VP to (VP be (VP *UNKED (PP by (NP (NP lack )NP (PP of (NP firm evidence (SBAR that (S (NP the extra heat )NP (VP is (VP coming (PP from (NP (NP the *UNKING )NP (PP of (NP *UNK *UNK )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP (NP New experiments )NP (PP at (NP (NP some )NP (PP of (NP the big national laboratories )NP )PP )NP )PP )NP (VP are (ADVP still )ADVP (ADJP unable (S (VP to (VP find (NP (NP *UNK )NP (PP of (NP nuclear fusion reactions )NP )PP )NP )VP )VP )S )ADJP , (S (VP leaving (S (NP (NP only the finding )NP (PP of (NP *UNK )NP )PP (PP in (NP a Texas experiment )NP )PP )NP (VP to (VP support (NP (NP (NP (NAC University (PP of (NP Utah )NP )PP )NAC *UNK ' )NP claim )NP (PP of (S (VP *UNKING (NP *UNK fusion )NP (PP at (NP room temperatures )NP )PP )VP )S )PP )NP )VP )VP )S )VP )S )VP . )S  STOP
(S (NP (NP The latest developments )NP (PP in (NP cold fusion research )NP )PP )NP (VP were (VP presented (PP in (NP (NP 24 reports )NP (VP delivered (PP at (NP (NP the fall meeting )NP (ADVP here )ADVP (PP of (NP the *UNKC Society )NP )PP , (NP (NP the first scientific meeting )NP (PP in (NP five months )NP )PP (SBAR (S (VP to (VP hear (NP (NP formal reports )NP (PP on (NP cold fusion experiments )NP )PP )NP )VP )VP )S )SBAR )NP )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (NP The meeting )NP (VP offered (NP (NP *UNK evidence )NP (PP of (NP (NP a dramatic fall )NP (PP in (NP (NP scientific interest )NP (PP in (NP cold fusion research )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP Of (NP (NP the *UNKN *UNK )NP (VP registered (PP for (NP (NP the society 's )NP *UNK meeting )NP )PP )VP )NP )PP , (NP (NP (QP fewer than 200 )QP )NP )NP (VP sat (PP through (NP (NP (NP the day )NP and (NP a half )NP )NP (PP of (NP cold fusion *UNK )NP )PP (PP at (NP (NP week 's )NP end )NP )PP )NP )PP )VP . )S  STOP
(S (NP This )NP (VP was (PP in (NP (NP contrast )NP (PP with (NP (NP (NP the society 's )NP meeting )NP (NP last May )NP , (PP at (NP (NP the *UNK )NP (PP of (NP the controversy )NP )PP )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP (QP more than 1,500 )QP scientists )NP , (PP along (PP with (NP (NP scores )NP (PP of (NP (NP reporters )NP and (NP TV *UNK )NP )NP )PP )NP )PP )PP , (VP crowded (PP into (NP a Los Angeles hotel *UNK )NP )PP (PP for (NP (NP a *UNK special night session )NP (PP on (NP the subject )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Neither )NP (PP of (NP (NP the two *UNK )NP (SBAR (WHNP whose Utah experiments )WHNP (S (VP triggered (NP the cold fusion *UNK )NP )VP )S )SBAR , (NP (NP Martin *UNKC )NP and (NP B. Stanley *UNKC )NP )NP )NP )PP , )NP (VP were (PP at (NP the meeting )NP )PP )VP . )S  STOP
(S But (NP (NP some members )NP (PP of (NP (NP an ad *UNK expert committee )NP (VP set (PRT up )PRT (PP by (NP (NP the Department )NP (PP of (NP Energy )NP )PP )NP )PP (S (VP to (VP evaluate (NP the cold fusion research )NP )VP )VP )S )VP )NP )PP )NP (VP were (PP in (NP the audience )NP )PP )VP . )S  STOP
(S (NP The committee )NP (VP is (S (VP to (VP recommend (PP at (NP (NP the end )NP (PP of (NP the month )NP )PP )NP )PP (SBAR whether (S (NP *UNKC )NP (VP should (VP support (NP cold fusion research )NP )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP (NP Most )NP (PP of (NP (NP the (QP two dozen )QP scientists )NP (VP taking (NP the *UNK )NP )VP )NP )PP )NP (VP reported (NP (NP results )NP (PP with (NP (NP new , (ADJP more sophisticated )ADJP variations )NP (PP of (NP (NP the (ADJP seemingly simple )ADJP *UNK- experiments )NP (VP described (NP last March )NP (PP by (NP Messrs. *UNKC and *UNKC )NP )PP )VP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The experiments )NP (VP involve (S (VP (VP *UNKING (NP (NP a thin *UNK )NP (PP of (NP palladium metal )NP )PP )NP (PP with (NP (NP a wire )NP (PP of (NP platinum )NP )PP )NP )PP )VP and (VP *UNKING (NP the two *UNK )NP (PP into (NP (NP `` heavy '' water )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP the *UNK *UNK )NP (VP are (NP (NP a (ADJP *UNKLY heavy )ADJP form )NP (VP known (PP as (NP *UNK )NP )PP )VP )NP )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP an electric current )NP (VP is (VP applied (PP to (NP the palladium and platinum *UNK )NP )PP )VP )VP )S )SBAR , (NP the heavy water )NP (VP did (VP begin (S (VP to (VP (VP break (PRT up )PRT )VP , or (VP *UNK )VP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP (NP (NP the *UNK , or breakup , )NP (PP of (NP the water )NP )PP )NP (VP would (VP *UNK (NP (NP almost all )NP (PP of (NP the electrical energy )NP )PP )NP )VP )VP . )S  STOP
(S But (NP Messrs. *UNKC and *UNKC )NP (VP said (SBAR (S (NP their experiments )NP (ADVP also )ADVP (VP produced (NP (NP large amounts )NP (PP of (NP heat )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP The heat energy )NP plus (NP (NP the energy )NP (VP consumed (PP by (NP (NP the breakup )NP (PP of (NP the water *UNK )NP )PP )NP )PP )VP )NP )NP (VP added (PP to (NP (NP (NP (ADJP far more )ADJP energy )NP )NP (VP coming (ADVP out (PP of (NP the *UNK )NP )PP )ADVP )VP (PP than (S (NP electrical energy )NP (VP going (ADVP in )ADVP )VP )S )PP )NP )PP )VP )S , (NP they )NP (VP reported )VP . )S  STOP
(S (SBAR Because (S (NP they )NP (ADVP also )ADVP (VP detected (NP (NP *UNK )NP and (NP (NP indications )NP (PP of (NP nuclear radiation )NP )PP )NP )NP )VP )S )SBAR , (NP they )NP (VP asserted (SBAR that (S (NP the `` excess '' heat energy )NP (VP must (VP be (VP coming (PP from (NP (NP energy )NP (VP released (PP by (NP (NP the nuclear fusion )NP (PP of (NP (NP *UNK *UNK )NP (PP inside (NP the palladium *UNK )NP )PP )NP )PP )NP )PP )VP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP As (PP of (NP last weekend )NP )PP )PP , (NP a dozen *UNK )NP (ADVP also )ADVP (VP have (VP reported (S (VP measuring (NP `` excess '' heat )NP (PP from (NP similar *UNK experiments )NP )PP )VP )S , (SBAR although (S (NP (NP amounts )NP (PP of (NP such heat )NP )PP )NP (VP vary (ADVP widely )ADVP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP One )NP (PP of (NP (NP (NP the seven reports )NP )NP (VP presented (ADVP here )ADVP )VP (PP of (NP excess heat production )NP )PP )NP )PP )NP (VP was (VP given (PP by (NP (NP Richard A. *UNKC )NP , (NP (NP professor )NP (PP of (NP chemical engineering )NP )PP (PP at (NP (NP the University )NP (PP of (NP Minnesota )NP )PP )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP (NP his skepticism )NP (PP of (NP the Utah claims )NP )PP )NP (VP was (ADVP initially )ADVP (VP confirmed (SBAR (WHADVP when )WHADVP (S (NP (NP his first experiments )NP (NP last spring )NP )NP (VP failed (S (VP to (VP produce (NP results )NP )VP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP he )NP (ADVP then )ADVP (VP borrowed (NP a palladium *UNK )NP (PP from (NP (NP *UNK )NP (PP at (NP Texas *UNKC )NP )PP (SBAR (WHNP who )WHNP (S (VP said (SBAR (S (NP they )NP (VP were (VP getting (NP excess heat )NP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP . )S  STOP
(S `` (S (NP The results )NP (VP were (ADJP *UNKING )ADJP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (PP On (NP (NP the fourth `` run '' )NP (PP with (NP the borrowed *UNK )NP )PP )NP )PP , (NP the experiment )NP (VP began (S (VP producing (NP excess heat )NP )VP )S )VP . )S  STOP
(S (NP The experiment )NP (VP was (VP stopped (ADVP briefly )ADVP (S (VP to (VP change (NP an instrument )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (SBAR (WHADVP When )WHADVP (S (NP it )NP (VP was (VP *UNKED )VP )VP )S )SBAR , (NP heat output )NP (VP `` (ADVP really )ADVP (VP took (PRT off )PRT )VP '' and (VP produced (NP excess heat )NP (PP for (NP several hours )NP )PP (PP before (S (VP *UNKING (PRT down )PRT )VP )S )PP )VP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (S (ADJP Typical (PP of (NP other experiments )NP )PP )ADJP )S , (NP Mr. *UNKC )NP (VP said (SBAR (S (NP his experiment )NP (VP was `` (ADJP very *UNK )ADJP )VP )S )SBAR )VP . '' )S  STOP
(S (S (NP It )NP (VP would (VP go (PRT along )PRT (S (VP doing (NP (NP nothing )NP (PP but (S (VP *UNKING (NP the heavy water )NP )VP )S )PP )NP )VP )S )VP )VP )S and (ADVP then )ADVP (S (PP at (NP (ADJP totally *UNK )ADJP times )NP )PP , (NP it )NP (VP would (VP begin (S (VP producing (NP excess heat )NP (PP for (NP (QP as long as 10 or 11 )QP hours )NP )PP (PP before (S (VP *UNKING (PRT down )PRT )VP )S )PP )VP )S )VP )VP )S . )S  STOP
(S (NP The excess heat )NP (VP was (NP (NP (ADJP (NP 15 % to 20 % )NP )ADJP more )NP (PP than (NP (NP the energy )NP (VP involved (PP in (NP (NP the *UNK )NP (PP of (NP water )NP )PP )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP the heat *UNK )NP (VP were (ADJP (ADJP (ADJP too large )ADJP and (ADJP too long )ADJP )ADJP (SBAR (S (VP to (VP be (VP explained (PP by (NP (NP the sudden release )NP (PP of (NP (NP energy )NP (SBAR (WHNP that )WHNP (S (VP might (VP have (VP (ADVP slowly )ADVP *UNKED (PP during (NP (NP the experiments ' )NP *UNK times )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )PP , (SBAR as (S (NP some scientists )NP (VP have (VP suggested )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )ADJP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP There )NP (VP is (NP (NP a reality )NP (PP to (NP the excess energy )NP )PP )NP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP Other scientists )NP (VP said (SBAR (S (NP they )NP (ADVP also )ADVP (VP were (VP getting (NP (NP *UNK *UNK )NP (PP of (NP excess heat )NP )PP (VP lasting (NP several hours )NP (PP at (NP a time )NP )PP )VP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNK )NP (ADVP often )ADVP (VP occur (PRN , (S (NP they )NP (VP said )VP )S , )PRN (SBAR after (S (NP they )NP (VP `` *UNKED '' (NP the experiments )NP (PP by (S (VP (VP raising or lowering (NP (NP (NP the amount )NP (PP of (NP electric current )NP )PP )NP (VP being (VP applied )VP )VP )NP )VP , or (VP switching (NP the current )NP (PRT off and on )PRT )VP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (NP One *UNK )NP (ADVP privately )ADVP (VP suggested (SBAR (S (NP this )NP (VP hinted (SBAR that (S (NP some `` *UNK '' chemical reactions )NP (VP might (VP be (VP producing (NP the heat )NP )VP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP One reason )NP (SBAR (S (NP questions )NP (VP *UNK (NP the heat experiments )NP )VP )S )SBAR )NP (VP is (SBAR that (S (NP they )NP (VP involve (NP (ADJP unusually *UNK )ADJP measurements )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (S (NP the *UNK energy )NP (VP ranges (PP (PP from (NP (NP a third )NP (PP of (NP a *UNK )NP )PP )NP )PP (PP to (NP one *UNK )NP )PP )PP )VP )S and (S (NP the excess energy )NP (VP is (VP measured (PP in (NP (NP *UNK )NP (PP of (NP a *UNK )NP )PP )NP )PP )VP )VP )S . )S  STOP
(S (NP One exception )NP (VP is (NP (NP a continuing experiment )NP (PP at (NP *UNKC University )NP )PP (SBAR (WHADVP where )WHADVP (S (NP (NP (QP as much as 10 )QP *UNK )NP (PP of (NP energy )NP )PP )NP (VP are (VP being (VP put (PP into (NP the *UNK cells )NP )PP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(SINV (S (NP (NP A cell )NP (VP filled (PP with (NP heavy water )NP )PP )VP )NP (VP is (VP producing (NP (NP (ADJP (QP *UNKN to 1.5 )QP *UNK )ADJP more heat )NP (PP than (NP (NP an *UNK *UNK cell )NP (VP filled (PP with (NP ordinary water )NP )PP )VP (PP next (PP to (NP it )NP )PP )PP )NP )PP )NP )VP )VP )S , (VP reported )VP (NP (NP *UNKC M. *UNKC )NP , (NP (NP an associate )NP (PP of (NP (NP materials scientist Robert A. *UNKC )NP , (NP (NP head )NP (PP of (NP the *UNKC experimental team )NP )PP )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP One )NP (PP of (NP the few *UNK (SBAR (S (NP the excess heat )NP (VP might (VP be (VP produced (PP by (NP fusion )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP (VP came (PP from (NP (NP brief remarks )NP (PP by (NP (NP *UNK John *UNKC )NP (PP of (NP Texas *UNKC University )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (ADVP previously )ADVP (VP reported (X (S (VP getting (NP (NP *UNK )NP (PP of (NP excess heat )NP )PP )NP )VP )S and (PP of (S (VP *UNKING (NP (NP increasing amounts )NP (PP of (NP *UNK )NP )PP (VP *UNKING (PP in (NP the heavy water )NP )PP )VP )NP )VP )S )PP )X )VP . )S  STOP
(S (NP He )NP (VP said (SBAR that (S (PP within (NP the past few days )NP )PP , (NP he )NP (VP 's (VP gotten (NP evidence (SBAR that (S (NP there )NP (VP is (NP (NP a `` weak *UNK '' )NP (PP between (NP (NP (NP the time )NP (SBAR (S (NP the heat bursts )NP (VP occur )VP )S )SBAR )NP and (NP (NP the production )NP (PP of (NP *UNK )NP )PP )NP )NP )PP )NP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP There )NP (VP is n't (NP (NP any way )NP (SBAR (S (VP to (VP (ADVP *UNKLY )ADVP measure (NP (NP the amount )NP (PP of (NP *UNK )NP )PP (PP in (NP the heavy water )NP )PP )NP )VP )VP )S )SBAR )NP )VP )S , so (S (NP (NP it )NP )NP (VP 's (VP been (ADJP difficult )ADJP (S (VP to (VP tell (SBAR whether (S (NP the *UNK formation )NP (VP is (VP related (PP to (NP (NP the heat bursts )NP or (NP some other phenomenon )NP )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP )VP )S . )S  STOP
(S (NP (ADJP *UNKLY careful )ADJP attempts (S (VP to (VP measure (NP (NP *UNK )NP , (SBAR (WHNP which )WHNP (S (VP would (VP be (NP (NP strong evidence )NP (PP of (NP fusion reactions )NP )PP )NP )VP )VP )S )SBAR , )NP )VP )VP )S )NP (VP continue (S (VP to (VP be (ADJP negative )ADJP )VP )VP )S )VP . )S  STOP
(S (NP Messrs. *UNKC and *UNKC )NP (VP (VP (ADVP initially )ADVP reported (NP (NP indirect evidence )NP (PP of (NP (NP *UNK )NP (VP being (VP produced (PP in (NP their experiment )NP )PP )VP )VP )NP )PP )NP )VP but (VP (ADVP later )ADVP conceded (SBAR (S (NP the measurements )NP (VP were (ADJP questionable )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Researchers )NP (PP at (NP (NP *UNKC National Laboratories )NP (PP in (NP (NP *UNKC )NP , (NP *UNKC )NP , )NP )PP )NP )PP )NP (VP reported (SBAR (S (NP they )NP (VP went (ADVP so far (SBAR as (S (VP to (VP take (NP (NP a `` cold fusion '' experiment )NP and (NP three *UNK *UNK )NP )NP (PP into (NP (NP a *UNK )NP (PP under (NP (NP 300 feet )NP (PP of (NP *UNK )NP )PP )NP )PP )NP )PP (S (VP to (VP shield (NP the detectors )NP (PP from (NP *UNK *UNK )NP )PP )VP )VP )S )VP )VP )S )SBAR )ADVP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP A number )NP (PP of (NP times )NP )PP )NP (NP they )NP (VP detected (NP *UNK )NP (PP in (NP (NP (NP one )NP , sometimes (NP two )NP , )NP (PP of (NP the three detectors )NP )PP )NP )PP )VP )S , but (SINV (ADVP only once )ADVP (PP during (NP (NP *UNKN hours )NP (PP of (NP the experiment )NP )PP )NP )PP did (NP they )NP (VP *UNK (NP a *UNK *UNK )NP (PP in (NP (QP all three )QP detectors )NP )PP )VP )SINV -- and (S (NP they )NP (VP think (SBAR (S (NP that )NP (VP was (NP a *UNK event )NP )VP )S )SBAR )VP )S . )S  STOP
(S (NP (NP *UNKC *UNKC )NP (PP of (NP Los *UNKC National Laboratory )NP )PP )NP (VP said (SBAR (S (NP (NP researchers )NP (ADVP there )ADVP )NP (VP (VP detected (NP (NP a burst )NP (PP of (NP *UNK )NP )PP (PP from (NP (NP an early cold fusion experiment )NP (NP last April )NP )NP )PP )NP )VP but (VP decided (S not (VP to (VP announce (NP it )NP (SBAR until (S (NP they )NP (VP could (VP confirm (NP it )NP )VP )VP )S )SBAR )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (S (PP In (NP subsequent experiments )NP )PP , (NP (NP one )NP (PP of (NP two *UNK detectors )NP )PP )NP (ADVP occasionally )ADVP (VP indicated (NP (NP a burst )NP (PP of (NP *UNK )NP )PP )NP )VP )S but (S (NP *UNK bursts )NP (VP were (ADVP never )ADVP (VP recorded (PP in (NP both detectors )NP )PP (PP at (NP the same time )NP )PP )VP )VP )S . )S  STOP
(S (NP They )NP (VP concluded (SBAR (S (NP (NP the indications )NP (PP of (NP *UNK )NP )PP )NP (VP stemmed (PP from (NP (NP *UNK )NP (PP in (NP the detectors )NP )PP (PP rather than (PP from (NP the cold fusion experiment )NP )PP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (PP At (NP (NP the Lawrence Berkeley Laboratory )NP (PP in (NP California )NP )PP )NP )PP , (NP new experiments )NP (VP indicated (SBAR that (S (NP (NP the *UNK )NP (VP added (PP to (NP the heavy water )NP )PP (SBAR so (S (NP it )NP (VP will (VP conduct (NP a current )NP )VP )VP )S )SBAR )VP )NP (VP can (VP produce (NP (NP (ADJP previously *UNKED )ADJP electrical effects )NP (PP on (NP (NP the surface )NP (PP of (NP the palladium rod )NP )PP )NP )PP -- (SBAR (WHNP which )WHNP (S (NP Messrs. *UNKC and *UNKC )NP (VP might (VP have (VP *UNKED )VP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )S , (VP reported )VP (NP (NP Philip Ross )NP (PP from (NP the California laboratory )NP )PP )NP . )S  STOP
(S (NP Dow Jones & Co. )NP (VP announced (NP (NP Wall Street Journal advertising rates )NP (PP for (NP 1990 )NP )PP )NP )VP . )S  STOP
(S (NP (NP The rates )NP , (SBAR (WHNP which )WHNP (S (VP take (NP effect )NP (NP Jan. 2 )NP )VP )S )SBAR , )NP (VP include (NP (NP a (ADJP 4 % )ADJP increase )NP (PP for (NP national edition advertising )NP )PP )NP )VP . )S  STOP
(S (NP The Journal )NP (ADVP also )ADVP (VP will (VP offer (NP expanded volume and *UNK discounts )NP )VP )VP . )S  STOP
(S (NP (NP The increase )NP (PP for (NP national edition advertising )NP )PP )NP (VP (VP is (ADJP (ADJP less )ADJP (PP than (NP the inflation rate )NP )PP )ADJP )VP and (VP compares (PP with (NP (NP a (ADJP 6.5 % )ADJP increase )NP (PP in (NP 1989 )NP )PP )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP (NP *UNKC and *UNK prices )NP (NP this year )NP )NP (VP have not (VP gone (ADVP up )ADVP )VP )VP )S , '' (VP said )VP (NP (NP Peter R. *UNKC )NP , (NP (NP president )NP (PP of (NP Dow Jones )NP )PP )NP )NP . )SINV  STOP
(S `` (NP We )NP (VP have (VP (VP invested (PP in (NP improved editorial quality )NP )PP )VP and (VP expanded (NP our quality audience )NP )VP (PP without (S (VP (ADVP substantially )ADVP increasing (NP our costs )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNK )NP and (NP (NP a sense )NP (PP of (NP responsibility )NP )PP )NP )NP (VP lead (NP us )NP (S (VP to (VP share (NP operating *UNK )NP (PP with (NP our customers )NP )PP )VP )VP )S )VP . '' )S  STOP
(S (S (NP (NP Advertising rates )NP (PP for (NP the (ADJP Eastern , Midwest , Western and Southwest )ADJP *UNK )NP )PP )NP (VP will (VP increase (NP an average 5.5 % )NP )VP )VP )S , and (S (NP (NP rates )NP (PP for (NP *UNKED advertising editions )NP )PP )NP (VP will (VP increase (NP 7.5 % )NP )VP )VP )S . )S  STOP
(S (NP (NP Rates )NP (PP for (NP the Wall Street Journal Reports )NP )PP )NP (VP will (VP remain (ADJP unchanged )ADJP )VP )VP . )S  STOP
(S (NP (NP A one-time *UNK *UNK- *UNK )NP (PP in (NP The Wall Street Journal national edition )NP )PP )NP (VP will (VP cost (NP $ *UNKN )NP )VP )VP . )S  STOP
(S (NP (NP Advertising rates )NP (PP for (NP (NP The Wall Street *UNKC )NP , (VP (VP published (PP in (NP Brussels )NP )PP )VP and (VP printed (PP in (NP (NP the Netherlands )NP and (NP Switzerland )NP )NP )PP )VP )VP , )NP )PP )NP (VP will (VP increase (NP 9 % )NP )VP )VP . )S  STOP
(S (NP (NP Rates )NP (PP for (NP (NP The Asian Wall Street Journal )NP , (VP (VP published and printed (PP in (NP Hong Kong )NP )PP )VP and (ADVP also )ADVP (VP printed (PP in (NP Singapore and Tokyo )NP )PP )VP )VP , )NP )PP )NP (VP will (VP rise (NP 8 % )NP )VP )VP . )S  STOP
(S (NP (NP Rates )NP (PP for (NP (NP The Asian Wall Street Journal *UNKLY )NP , (VP published (PP in (NP New York )NP )PP (PP for (NP (ADJP North American )ADJP readers )NP )PP )VP , )NP )PP )NP (VP will (VP rise (NP 6 % )NP )VP )VP . )S  STOP
(S (NP Dow Jones )NP (ADVP also )ADVP (VP (VP publishes (NP (NP (NP *UNKC 's )NP magazine )NP , (NP other *UNK )NP and (NP community newspapers )NP )NP )VP and (VP operates (NP electronic business information services )NP )VP )VP . )S  STOP
(S (NP It )NP (VP owns (NP (NP 67 % )NP (PP of (NP (NP Telerate Inc. )NP , (NP (NP a leading supplier )NP (PP of (NP (NP computerized financial information )NP (PP on (NP global markets )NP )PP )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (S (VP *UNKING (NP (NP the impact )NP (PP of (NP (NP lower semiconductor prices )NP and (NP (NP cuts )NP (PP in (NP defense spending )NP )PP )NP )NP )PP )NP )VP )S , (NP Texas Instruments Inc. )NP (VP said (SBAR (S (S (NP third-quarter net income )NP (VP fell (NP 31 % )NP )VP )S and (S (NP sales )NP (VP dropped (ADVP slightly )ADVP (PP from (ADVP (NP a year )NP earlier )ADVP )PP )VP )S )S )SBAR )VP . )S  STOP
(S (NP Net )NP (VP fell (PP to (NP (NP (QP $ 65 million )QP )NP , or (NP (NP 67 cents )NP (NP a common share )NP )NP )NP )PP , (PP from (NP (NP (QP $ *UNKN million )QP )NP or (NP (NP $ 1.03 )NP (NP a share )NP )NP )NP , (ADVP (NP a year )NP ago )ADVP )PP )VP . )S  STOP
(S (NP Sales )NP (VP fell (NP 2.5 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP the electronics and defense concern )NP (VP had (NP (NP (NP net )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )NP , (ADVP down (NP 5.6 % )NP (PP from (NP (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP (PP in (NP the year-ago period )NP )PP )NP )PP )ADVP )NP )VP . )S  STOP
(S (NP Sales )NP (VP were (NP (NP (QP $ *UNKN billion )QP )NP , (ADVP up (NP 1.3 % )NP (PP from (NP (QP $ 4.6 billion )QP )NP )PP )ADVP )NP )VP . )S  STOP
(S (NP (NP Jerry *UNKC )NP , (NP (NP chairman )NP , (NP president )NP and (NP chief executive officer )NP )NP , )NP (VP said (SBAR (S (NP sluggish *UNK- sales )NP (VP reduced (NP (NP demand )NP (PP for (NP semiconductors )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP , (PP *UNKED (PP with (NP (NP lower semiconductor prices )NP and (NP higher *UNK- expense )NP )NP )PP )PP , (VP contributed (PP to (NP (NP the decline )NP (PP in (NP sales and profit )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP (NP cost increases )NP (ADJP related (PP to (NP (NP *UNK- defense contracts )NP and (NP (NP a (ADJP (QP $ 10 million )QP )ADJP charge )NP (SBAR (S (VP to (VP reduce (NP (NP the work force )NP (PP of (NP (NP Texas Instruments ' )NP *UNK- division )NP )PP )NP )VP )VP )S )SBAR )NP )NP )PP )ADJP )NP (ADVP also )ADVP (VP reduced (NP net )NP )VP . )S  STOP
(S (ADVP However )ADVP , (NP the quarter results )NP (VP included (NP (NP (QP $ 28 million )QP )NP (PP in (NP (NP *UNK income )NP (PP from (NP patent licenses )NP )PP )NP )PP )NP , (ADVP up (PP from (NP (NP (QP $ 21 million )QP )NP (PP in (NP the year-earlier period )NP )PP )NP )PP )ADVP )VP . )S  STOP
(S (NP The nine months )NP (VP include (NP (NP (QP $ 125 million )QP )NP (PP of (NP *UNK income )NP )PP , (ADVP up (PP from (NP (QP $ 98 million )QP )NP (NP last year )NP )PP )ADVP )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP was n't (ADJP optimistic (PP about (NP the short-term outlook )NP )PP )ADJP , (S (VP *UNKING (SBAR that (S (NP further *UNK reductions )NP (VP may (VP be (VP needed )VP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S `` (S (NP We )NP (VP expect (NP (NP near-term *UNK )NP (PP in (NP the electronics market )NP )PP )NP )VP )S (PRN , '' (S (NP he )NP (VP said )VP )S , )PRN `` and (S (NP we )NP (VP will (VP take (NP ongoing *UNK- actions )NP (SBAR as (FRAG (ADJP necessary )ADJP )FRAG )SBAR (S (VP to (VP keep (S (NP operations )NP (VP *UNKED (PP with (NP demand )NP )PP )VP )S )VP )VP )S )VP )VP )S . '' )S  STOP
(S (ADVP Further )ADVP (PRN , (S (NP he )NP (VP said )VP )S , )PRN (NP (NP an internal reorganization )NP (SBAR (S (VP to (VP combine (NP several divisions )NP (PP into (NP the Information Technology Group )NP )PP )VP )VP )S )SBAR )NP (VP is (VP expected (S (VP to (VP affect (NP fourth-quarter results )NP (PP by (NP an undisclosed amount )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP Lynch Corp. )NP (VP said (SBAR (S (NP its Lynch Telephone Corp. subsidiary )NP (VP completed (NP (NP the acquisition )NP (PP of (NP Western New Mexico Telephone Co. )NP )PP )NP (PP for (NP (NP (QP $ 20 million )QP )NP plus (NP (NP assumption )NP (PP of (NP (NP (QP $ 24 million )QP )NP (PP of (NP debt )NP )PP )NP )PP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Western New Mexico Telephone )NP , (NP *UNKC City )NP , )NP (VP had (NP (NP net income )NP (PP of (NP (QP $ 1.9 million )QP )NP )PP )NP (PP on (NP (NP revenue )NP (PP of (NP (QP about $ 10 million )QP )NP )PP )NP )PP (NP last year )NP )VP . )S  STOP
(S (NP It )NP (VP is (NP (NP an independent phone company )NP (PP with (NP (NP a service area )NP (PP of (NP 15,000 square miles )NP )PP (PP in (NP *UNK New Mexico )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP It )NP (VP is (ADVP also )ADVP (NP (NP a partner )NP (PP in (NP (NP the *UNK cellular franchise )NP (VP covering (NP (NP most )NP (PP of (NP western New Mexico )NP )PP )NP )VP )NP )PP )NP )VP . )S  STOP
(S (NP The transaction )NP (VP represents (NP (NP (NP Lynch 's )NP entry )NP (PP into (NP the telephone business )NP )PP )NP )VP . )S  STOP
(S (NP (NP The company )NP , (SBAR (WHNP which )WHNP (S (VP has (NP (NP interests )NP (PP in (NP (NP television )NP , (NP trucking services )NP , and (NP (ADJP *UNKING and *UNKING )ADJP equipment )NP )NP )PP )NP )VP )S )SBAR , )NP (VP said (SBAR (S (NP it )NP (VP plans (S (VP to (VP make (NP other acquisitions )NP (PP in (NP the telephone industry )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP Nelson *UNKC Hunt 's )NP attempted corner )NP (PP on (NP silver )NP )PP (ADVP (NP a decade )NP ago )ADVP )NP (VP is (ADVP still )ADVP (VP *UNKING (NP (NP the market )NP (PP in (NP this metal )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (VP (ADVP now )ADVP trading (NP (NP (QP around $ 5 )QP )NP (NP an ounce )NP )NP )VP , )NP (VP surged (PP to (NP (NP an *UNK- peak )NP (PP of (NP (NP $ 50 )NP (NP an ounce )NP )NP )PP )NP )PP (PP in (NP January 1980 )NP )PP (PP from (NP (NP (QP around $ 9 )QP )NP (PP in (NP *UNK- )NP )PP )NP )PP )VP . )S  STOP
(SINV `` (S (NP (NP (NP Mr. Hunt 's )NP attempt (S (VP to (VP squeeze (NP the silver market )NP )VP )VP )S )NP (ADVP (NP 10 years )NP ago )ADVP )NP (VP is (ADVP still )ADVP (ADVP indirectly )ADVP (S (VP to (VP blame (PP for (NP (NP today 's )NP market *UNK )NP )PP )VP )VP )S )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP managing director )NP (PP of (NP (NP *UNKC *UNKC Ltd. )NP , (NP London *UNK brokers )NP )NP )PP )NP )NP . )SINV  STOP
(S (S (SBAR While (S (NP (NP (NP (QP some 100 million )QP ounces )NP (PP of (NP silver )NP )PP )NP (VP (ADVP once )ADVP held (PP by (NP (NP Mr. Hunt )NP and (NP Middle Eastern associates )NP )NP )PP )VP )NP (VP are n't (VP hanging (PP over (NP the market )NP )PP (ADVP anymore )ADVP )VP )VP )S )SBAR , (NP (NP the price surge )NP (PP of (NP *UNKN )NP )PP )NP (VP (VP *UNKED (NP (NP an expansion )NP (PP of (NP (NP mine production )NP and (NP *UNK recovery )NP )NP )PP )NP )VP and (VP encouraged (S (NP silver consumers )NP (VP to (VP *UNK (PP on (NP silver use )NP )PP )VP )VP )S )VP )VP )S , (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S (NP *UNKC developers )NP , (PP for (NP example )NP )PP , (VP bought (NP (NP equipment )NP (SBAR (S (VP to (VP recover (NP silver )NP (PP from (NP spent (NX (NX *UNK )NX , (NX *UNK )NX and (NX processing solutions )NX )NX )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP the *UNK industry )NP , (SBAR (WHNP which )WHNP (S (VP accounts (PP for (NP (NP 44 % )NP (PP of (NP silver consumption )NP )PP )NP )PP )VP )S )SBAR , )NP (VP continues (S (VP to (VP look (PP for (NP *UNK )NP )PP )VP )VP )S )VP . )S  STOP
(S (S (NP (UCP Japanese and U.S. )UCP *UNK firms )NP (VP are (VP beginning (S (VP to (VP produce (NP (NP electronic *UNK and *UNKC )NP (SBAR (WHNP that )WHNP (S (VP do n't (VP require (NP silver )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S , (NP dealers )NP (VP say )VP . )S  STOP
(S (S (NP (NP (NP *UNKC 's )NP history )NP (PP of (NP volatility )NP )PP )NP (VP is (ADVP also )ADVP (VP discouraging (NP investors )NP )VP )VP )S , (NP dealers )NP (VP say )VP . )S  STOP
(S (S (PP (ADVP Even )ADVP in (NP the present uncertain investment climate )NP )PP , (NP investors )NP (VP are (VP *UNKING (NP `` (NP quality assets )NP '' (PP such as (NP (NP Treasury bills )NP and (NP bonds )NP )NP )PP )NP (PP to (NP gold , silver and platinum )NP )PP )VP )VP )S , (NP dealers )NP (VP say )VP . )S  STOP
(S (S (SBAR Although (S (NP prices )NP (VP rallied (ADVP briefly )ADVP (PP following (NP (NP (NP the tumble )NP (PP on (NP world stock markets )NP )PP (NP earlier this month )NP )NP and (NP (NP the related decline )NP (PP of (NP the dollar )NP )PP )NP )NP )PP )VP )S )SBAR , (NP precious metals )NP (VP are (PP out (PP of (NP favor )NP )PP )PP (PP for (NP the moment )NP )PP (PP because of (NP (NP high interest rates )NP and (NP (NP a determination )NP (PP by (NP industrial nations )NP )PP (S (VP to (VP curb (NP inflation )NP )VP )VP )S )NP )NP )PP )VP )S , (NP dealers )NP (VP say )VP . )S  STOP
(S (NP *UNKC )NP , (ADVP however )ADVP (VP is (PP in (NP (NP a deeper slump )NP (SBAR than (SINV (VP are )VP (NP gold and platinum )NP )SINV )SBAR )NP )PP )VP . )S  STOP
(S (NP Some analysts )NP (VP contend (SBAR that (S (NP silver )NP (VP is (ADJP cheap )ADJP (SBAR now that (S (NP prices )NP (VP are (VP *UNKING (PP at (NP (NP levels )NP (VP (ADVP last )ADVP seen (PP in (NP the mid-1970s )NP )PP )VP )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP *UNKC *UNK )NP (VP believe (SBAR that (S (NP silver )NP (VP offers (NP the best value )NP (PP *UNK (NP precious metals )NP )PP )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP Frederick R. *UNKC )NP , (NP (NP analyst )NP (PP at (NP Drexel Burnham Lambert Inc )NP )PP )NP )NP . )SINV  STOP
(S (S (NP (NP A further decline )NP (PP in (NP prices )NP )PP )NP (VP will (VP lead (PP to (NP (NP mine production cuts )NP (PP in (NP the U.S. )NP )PP )NP )PP )VP )VP )S , (NP he )NP (VP says )VP . )S  STOP
(S (NP *UNKC merchants )NP (VP are (VP converting (NP (NP smaller quantities )NP (PP of (NP metal )NP )PP )NP (PP into (NP silver )NP )PP , (SBAR while (S (NP low prices )NP (VP are (VP discouraging (NP (NP exports )NP (PP from (NP (NP India )NP and (NP the Soviet Union )NP )NP )PP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP *UNKC prices )NP (VP could (ADVP also )ADVP (VP be (VP boosted (PP by (NP (NP strikes )NP (PP in (NP leading producing nations Peru and Mexico )NP )PP )NP )PP )VP )VP )VP )S , (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S (S (ADVP Meanwhile )ADVP , (NP (NP total *UNK demand )NP (PP for (NP silver )NP )PP )NP (VP has (VP risen (NP (NP six years )NP (PP in (NP a row )NP )PP )NP )VP )VP )S , (NP he )NP (VP says )VP . )S  STOP
(S (S (NP Japanese demand )NP (VP grew (PP by (NP 70 % )NP )PP (PP in (NP (NP the first half )NP (PP of (NP this year )NP )PP )NP )PP )VP )S and (S (NP the nation )NP (VP plans (NP (NP an issue )NP (PP of (NP (NP a silver *UNK *UNK )NP (SBAR (WHNP that )WHNP (S (VP will (VP require (NP (QP 4.5 million )QP ounces )NP )VP )VP )S )SBAR )NP )PP )NP )VP )S . )S  STOP
(S (S (PP *UNKED (PP with (NP (NP huge annual *UNK )NP (PP of (NP (QP more than 100 million )QP ounces )NP )PP (PP in (NP (NP the first half )NP (PP of (NP the 1980s )NP )PP )NP )PP )NP )PP )PP , (NP world silver supplies and consumption )NP (VP are (ADVP now )ADVP (PP (ADVP nearly )ADVP in (NP balance )NP )PP )VP )S , (NP Mr. Demler )NP (VP says )VP . )S  STOP
(S (PP Despite (NP (NP *UNK rallies )NP (PP in (NP the past few years )NP )PP )NP )PP , (NP (NP improvements )NP (PP in (NP the *UNK- balance )NP )PP )NP (VP have n't (VP managed (S (VP to (VP push (NP silver prices )NP (PP into (NP a higher range )NP )PP )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP There )NP (VP 's (ADVP just )ADVP (NP (NP (ADJP too much )ADJP silver )NP (ADVP around )ADVP )NP )VP )S , '' (VP says )VP (NP (NP Tom *UNKC )NP , (NP (NP an analyst )NP (PP at (NP (NP Samuel *UNKC & Co. )NP , (NP a London *UNK house )NP )NP )PP )NP )NP . )SINV  STOP
(SINV (S (NP (NP A huge silver *UNK )NP (PP at (NP (NP exchanges )NP , (NP *UNK )NP , (NP *UNKING industries )NP and (NP government *UNK )NP )NP )PP (PP of (NP (QP at least *UNKN million )QP ounces )NP )PP )NP (VP is (NP the market *UNK )NP )VP )S , (VP says )VP (NP Shearson Lehman Hutton Inc. )NP (PP in (NP a report )NP )PP . )SINV  STOP
(SINV (S (NP (NP This year )NP (ADVP alone )ADVP )NP , (NP (NP inventories )NP (PP at (NP (NP the Commodity Exchange )NP (PP of (NP New York )NP )PP )NP )PP )NP (VP jumped `` (PP by (NP a staggering (QP 46 million )QP )NP )PP (PP to (NP (QP *UNKN million )QP ounces )NP )PP '' (PP because of (NP (NP producer *UNK )NP , (NP (NP *UNKING )NP (PP by (NP *UNK )NP )PP )NP and (NP (NP sales )NP (PP by (NP *UNKED investors )NP )PP )NP )NP )PP )VP )S , (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP London-based precious metals analyst )NP (PP at (NP Shearson Lehman Hutton )NP )PP )NP )NP . )SINV  STOP
(S `` (S (NP Silver production )NP (VP is (ADVP also )ADVP (PP in (NP an *UNK upward trend )NP )PP )VP )S , '' (NP Ms. *UNKC )NP (VP says )VP . )S  STOP
(S (S (ADVP Moreover )ADVP , (SBAR while (S (NP (ADJP (ADJP Asian )ADJP and (ADJP Middle Eastern )ADJP )ADJP investors )NP (VP (VP *UNK (NP gold )NP )VP and (VP help (S (VP *UNK (NP its price )NP )VP )S )VP )VP )S )SBAR , (NP silver )NP (VP does n't (VP have (NP the same *UNK )NP )VP )VP )S , (NP dealers )NP (VP say )VP . )S  STOP
(SINV (S (NP Investors )NP (VP have (VP gotten (VP burned (PP on (NP silver )NP )PP (ADVP (ADVP so often )ADVP (SBAR that (S (NP they )NP (VP are (ADJP (ADVP far more )ADVP partial (PP to (NP gold )NP )PP )ADJP )VP )S )SBAR )ADVP )VP )VP )VP )S , (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP senior vice president )NP (PP at (NP (NP Union Bank )NP (PP of (NP Switzerland )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (S Yet (SBAR if (S (NP gold prices )NP (VP improve )VP )S )SBAR , (NP silver prices )NP (VP could (VP rally (ADVP sharply )ADVP )VP )VP )S , (NP he )NP (VP says )VP . )S  STOP
(S (ADVP However )ADVP , (NP dealers )NP (VP caution (SBAR that (S (NP any increase )NP (VP would (VP be (NP (QP $ 1 to $ 2 )QP )NP (ADVP at most )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (VP Looking (ADVP ahead )ADVP (PP to (NP (NP other commodity markets )NP (NP this week )NP )NP )PP )VP : )S  STOP
(NP *UNKC and *UNKC )NP  STOP
(S (NP Analysts )NP (VP expect (S (NP (NP the prices )NP (PP of (NP live cattle futures contracts )NP )PP )NP (VP to (VP rise (PP in (NP trading )NP )PP (NP today )NP (PP in (NP (NP the wake )NP (PP of (NP (NP a government quarterly *UNK )NP (SBAR (WHNP that )WHNP (S (VP found (NP *UNKED cattle )NP (PP on (NP *UNK )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP After (NP (NP the close )NP (PP of (NP trading )NP )PP )NP )PP (NP Friday )NP , (NP the Agriculture Department )NP (VP reported (SBAR that (S (NP (NP *UNK )NP (PP in (NP the 13 biggest *UNK states )NP )PP )NP (VP held (NP (NP (QP 8.06 million )QP cattle )NP )NP (PP on (NP Oct. 1 )NP )PP , (ADVP down (NP 6 % )NP (PP from (NP (NP that date )NP (ADVP (NP a year )NP earlier )ADVP )NP )PP )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP Most analysts )NP (VP had (VP expected (S (NP the government )NP (VP to (VP report (NP a (ADJP 4 % )ADJP decline )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP *UNK (NP young cattle )NP (PP for (NP *UNK )NP )PP )VP )S , so (S (NP a decline )NP (VP signals (NP (NP a *UNKING supply )NP (PP of (NP beef )NP )PP )NP )VP )S . )S  STOP
(S (NP The government )NP (VP reported (SBAR that (S (NP (NP (NP the number )NP (PP of (NP young cattle )NP )PP )NP (VP placed (PP on (NP *UNK )NP )PP (PP during (NP the quarter )NP )PP )VP )NP (VP dropped (NP 5 % )NP (PP compared (PP with (NP the year-earlier quarter )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Many industry analysts )NP (VP had (VP been (VP *UNKING (NP (NP a (ADJP 3 % )ADJP decline )NP (PP in (NP *UNK )NP )PP )NP (PP for (NP the quarter )NP )PP )VP )VP )VP . )S  STOP
(S (PP In (NP the 1988 quarter )NP )PP , (NP many farmers )NP (VP were (VP forced (S (VP to (VP sell (NP their cattle )NP (PP to (NP *UNK operators )NP )PP )VP )VP )S (SBAR because (S (NP the drought )NP (VP *UNKED (PRT out )PRT (NP (NP the *UNK )NP (PP on (NP their *UNK )NP )PP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP (NP The number )NP (PP of (NP cattle )NP )PP )NP (VP moving (PP onto (NP *UNK )NP )PP (PP in (NP the recent quarter )NP )PP )VP )NP (VP was (ADVP also )ADVP (ADJP lower )ADJP (SBAR because (S (S (VP *UNKING (NP cattle )NP )VP )S (VP is (ADJP less profitable )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A shortage )NP (PP of (NP young cattle )NP )PP )NP (VP has (VP made (S (NP them )NP (ADJP more expensive (SBAR for (S (NP *UNK operators )NP (VP to (VP buy )VP )VP )S )SBAR )ADJP )S )VP )VP . )S  STOP
(S (NP The Agriculture Department )NP (ADVP also )ADVP (VP said (SBAR that (S (NP (NP the number )NP (PP of (NP (NP *UNKED cattle )NP (VP *UNKED (PP in (NP the quarter )NP )PP )VP )NP )PP )NP (VP dropped (PP by (NP 5 % )NP )PP (PP from (NP (NP the 1988 quarter )NP , (SBAR (WHNP which )WHNP (S (VP was (PP in (NP (NP line )NP (PP with (NP (NP projections )NP (PP by (NP analysts )NP )PP )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(NP Energy )NP  STOP
(S (NP (NP (NP Friday 's )NP *UNK- price drop )NP (PP to (NP $ *UNKN )NP )PP (PP in (NP (NP the *UNKING November contract )NP (PP for (NP West Texas Intermediate crude )NP )PP )NP )PP )NP (VP may (ADVP well )ADVP (VP set (NP the tone )NP (PP for (NP (NP trading )NP (NP this week )NP (PP in (NP petroleum futures )NP )PP (PP on (NP the New York Mercantile Exchange )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Most traders and analysts )NP (VP attributed (NP the decline )NP (PP to (NP (NP technical factors )NP (VP associated (PP with (S (NP the contract 's )NP (VP going (PP off (NP the board )NP )PP )VP )S )PP )VP )NP )PP )VP . )S  STOP
(S (NP Others )NP (VP said (SBAR (SBAR that (S (NP the drop )NP (VP continued (NP (NP the downward *UNK )NP (SBAR (WHNP that )WHNP (S (VP 's (VP been (ADJP due )ADJP (PP in (NP the petroleum *UNK )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR and (SBAR that (S (NP such a trend )NP (VP could (ADVP well )ADVP (VP continue (PP in (NP the next several trading sessions )NP )PP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (PP *UNKING (NP any *UNKED news events )NP )PP , (NP (NP trading )NP (PP in (NP (NP the days )NP (ADVP ahead )ADVP )NP )PP )NP (VP should (ADVP further )ADVP (VP test (NP (NP recent projections )NP (PP by (NP (NP oil economists )NP and (NP other market *UNK )NP )NP )PP (SBAR that (S (NP strong fourth-quarter demand )NP (VP will (VP keep (S (NP prices )NP (ADJP firm )ADJP )S )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(NP *UNKC )NP  STOP
(S (NP Copper prices )NP (VP fell (ADVP sharply )ADVP (NP Friday afternoon )NP )VP . )S  STOP
(S (PP For (NP example )NP )PP , (NP (NP copper )NP (PP for (NP December delivery )NP )PP )NP (VP settled (ADVP (NP 4.5 cents )NP lower )ADVP (PP at (NP (NP $ *UNKN )NP (NP a pound )NP )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP came (PP from (NP (NP several developments )NP (PP including (NP (NP the settlement )NP (PP of (NP two long-term strikes )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (PP On (NP Friday )NP )PP (PRN , (S (NP one analyst )NP (VP said )VP )S , )PRN (NP *UNK- workers )NP (VP *UNKED (NP (NP a new labor agreement )NP (VP ending (NP (NP a three-month strike )NP (PP at (NP (NP the Highland Valley mine )NP (PP in (NP British Columbia )NP )PP )NP )PP )NP )VP )NP )VP . )S  STOP
(S (PP In (NP Mexico )NP )PP (PRN , (S (NP the analyst )NP (VP added )VP )S , )PRN (NP (NP employees )NP (PP at (NP the Cananea mine )NP )PP , (SBAR (WHNP who )WHNP (S (VP have (VP been (PP out (PP of (NP work )NP )PP )PP (PP since (NP (NP late August )NP (SBAR (WHADVP when )WHADVP (S (NP the mine )NP (VP was (VP declared (S (ADJP *UNK )ADJP )S (PP by (NP the government )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP , (VP accepted (NP (NP a (ADJP 35 % )ADJP cut )NP (PP in (NP the *UNK- work force )NP )PP )NP )VP . )S  STOP
(S (NP The mine )NP (VP is (VP expected (S (VP to (VP return (PP to (NP production )NP )PP (PP in (NP about a week )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (PP On (NP Friday )NP )PP , (NP selling )NP (VP dominated (NP (NP the afternoon `` curb '' session )NP (PP in (NP London )NP )PP , (SBAR (WHNP which )WHNP (S (VP takes (NP place )NP (PP at (NP *UNK EDT )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP The premium )NP (PP of (NP cash copper )NP )PP (PP to (NP the three-month forward offerings )NP )PP )NP (VP narrowed , (S (VP indicating (NP (NP weaker demand )NP (PP for (NP cash copper )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP (NP Long-term support )NP (PP for (NP the December contract )NP )PP )NP (VP was (VP believed (S (VP to (VP be (PP at (NP (NP $ 1.25 )NP (NP a pound )NP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP A technical analyst )NP (VP said (SBAR (S (NP there )NP (VP were (NP (NP a number )NP (PP of (NP *UNK- orders )NP )PP (PP under (NP that level )NP )PP (SBAR (WHNP that )WHNP (S (VP were (VP *UNKED (PRT off )PRT (SBAR (WHADVP when )WHADVP (S (NP (NP the contract 's )NP price )NP (VP fell (PP below (NP it )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP brought (ADVP in )ADVP (NP (NP considerable fund selling )NP , (SBAR (WHNP which )WHNP (S (VP continued (PP until (NP (NP the close )NP (PP of (NP trading )NP )PP )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(SINV `` (S (PP In (NP general )NP )PP , (NP it )NP (VP was (NP a bearish close )NP )VP )S , '' (VP said )VP (NP (NP Ben *UNKC )NP , (NP (NP a copper trader )NP (PP at (NP (NP *UNKC *UNKC & Co. )NP , (NP a major commodities trading and brokerage firm )NP )NP )PP )NP )NP . )SINV  STOP
(S But (SBAR whether (S (NP this price break )NP (VP has (NP (NP implications )NP (PP for (NP this week )NP )PP )NP )VP )S )SBAR (PRN , (S (NP he )NP (VP said )VP )S , )PRN `` (NP we )NP (VP will (VP know (NP more )NP (SBAR (WHADVP when )WHADVP (S (NP the London *UNKC Exchange copper stock levels )NP (VP are (VP released (NP Monday morning )NP )VP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP Another analyst )NP (VP said (SBAR (S (NP he )NP (VP expected (S (NP *UNKC inventories )NP (VP to (VP be (ADJP down (PP by (NP about 15,000 tons )NP )PP )ADJP (SBAR (WHADVP when )WHADVP (S (NP the weekly report )NP (VP is (VP issued )VP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Bernard Savaiko )NP , (NP (NP senior commodities analyst )NP (PP at (NP PaineWebber Inc. )NP )PP )NP , )NP (VP said (SBAR that (S (SBAR (WHADVP when )WHADVP (S (NP traders )NP (VP saw (SBAR (S (NP the market )NP (VP was n't (VP reacting (ADVP *UNKLY )ADVP (PP to (NP (NP the forecasts )NP (PP of (NP lower *UNKC stocks )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S )SBAR , (NP they )NP (VP perceived (NP a bearish sign )NP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (ADVP also )ADVP (VP noted (SBAR that (S (NP (NP the Japanese )NP , (SBAR (WHNP who )WHNP (S (VP had (VP been (VP buying (PP at (NP (NP prices )NP (PP (ADVP just )ADVP above (NP the (ADJP $ 1.25 )ADJP level )NP )PP )NP )PP )VP )VP )VP )S )SBAR , )NP (ADVP apparently )ADVP (VP pulled (ADVP back (PP from (NP the market )NP )PP )ADVP (PP on (NP Friday )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Savaiko )NP (VP said (SBAR (S (NP he )NP (VP sees (NP (NP a possibility )NP (PP of (S (NP the December contract )NP (VP dropping (PP to (NP (NP $ 1.05 )NP (NP a pound )NP )NP )PP )VP )S )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Hewlett-Packard Co. )NP (VP will (VP announce (NP today )NP (NP (NP a software program )NP (SBAR (WHNP that )WHNP (S (VP allows (S (NP (NP computers )NP (PP in (NP a network )NP )PP )NP (VP to (VP speed (PRT up )PRT (NP computing tasks )NP (PP by (S (VP sending (NP the tasks )NP (PP to (NP each other )NP )PP )VP )S )PP )VP )VP )S )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (S (VP *UNKED (S (NP *UNKC *UNKC )NP )S )VP )S , (NP the program )NP (VP acts (PP (NP something )NP like (NP (NP an *UNK )NP (PP among (NP (NP a group )NP (PP of (NP computers )NP )PP (VP *UNKED (ADVP together )ADVP )VP )NP )PP )NP )PP )VP . )S  STOP
(S (SBAR If (S (NP a machine )NP (VP has (NP a big computing task )NP )VP )S )SBAR , (NP *UNKC *UNKC )NP (VP asks (NP (NP other computers )NP (PP in (NP the network )NP )PP )NP (PP for (NP `` (NP bids )NP '' (PP on (NP the job )NP )PP )NP )PP )VP . )S  STOP
(S (NP It )NP (ADVP then )ADVP (VP (VP *UNK (SBAR (WHNP which machine )WHNP (S (VP is (ADJP free (S (VP to (VP do (NP the task )NP (ADVP most quickly )ADVP )VP )VP )S )ADJP )VP )S )SBAR )VP and (VP *UNK (NP the task )NP (PP to (NP that machine )NP )PP )VP )VP . )S  STOP
(S (NP Hewlett-Packard )NP (VP claims (SBAR that (S (NP the software )NP (VP (VP allows (S (NP a network )NP (VP to (VP run (NP (NP (ADJP (QP three times )QP as many )ADJP tasks )NP (PP as (NP conventional networks )NP )PP )NP )VP )VP )S )VP and (VP will (VP run (NP each task )NP (ADVP twice as fast )ADVP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The new Hewlett-Packard program )NP (PRN , (SINV (VP said )VP (NP (NP analyst John *UNKC )NP (PP at (NP (NP *UNKC Research Inc. )NP , (NP a *UNK- research company )NP )NP )PP )NP )SINV , )PRN `` (VP is (NP a key building block )NP (SBAR as (S (NP people )NP (VP move (PP to (NP (NP this new model )NP (PP of (NP distributed processing )NP )PP )NP )PP )VP )S )SBAR )VP . '' )S  STOP
(S (PP In (NP (NP today 's )NP computer networks )NP )PP , (NP some machines )NP (ADVP often )ADVP (VP sit (S (ADJP idle )ADJP )S (SBAR while (S (NP others )NP (VP are (VP *UNKED )VP )VP )S )SBAR )VP . )S  STOP
(S (PP With (NP the Hewlett-Packard program )NP )PP (PRN , (S (NP he )NP (VP said )VP )S , )PRN `` (NP You )NP (VP get (NP (NP more *UNK )NP (PP for (NP (NP the *UNK )NP (SBAR (S (NP you )NP (VP 've (VP spent (PP on (NP computers )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP . '' )S  STOP
(S (NP (NP The program )NP , (SBAR (WHNP which )WHNP (S (VP will (VP be (VP shipped (PP in (NP January 1990 )NP )PP )VP )VP )VP )S )SBAR , )NP (VP runs (PP on (NP the *UNKC operating system )NP )PP )VP . )S  STOP
(S (NP Hewlett-Packard )NP (VP will (VP charge (NP $ 5,000 )NP (PP for (NP (NP a license )NP (VP covering (NP 10 users )NP )VP )NP )PP )VP )VP . )S  STOP
(S (NP The program )NP (ADVP now )ADVP (VP works (PP (PP on (NP all Hewlett-Packard and *UNKC workstations )NP )PP and (PP on (NP (NP computers )NP (VP made (PP by (NP (NP *UNKC Computer Inc. )NP (PP of (NP (NP *UNKC )NP , (NP Conn )NP )NP )PP )NP )PP )VP )NP )PP )PP )VP . )S  STOP
(S (NP Hewlett-Packard )NP (VP said (SBAR (S (NP it )NP (VP will (VP sell (NP (NP versions )NP )NP (NP later next year )NP (SBAR (WHNP that )WHNP (S (VP run (PP on (NP (NP Sun Microsystems Inc. )NP and (NP Digital Equipment Corp. machines )NP )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNKC *UNKC )NP (VP *UNK (PP from (NP (NP other programs )NP (SBAR (WHNP that )WHNP (S (VP spread (NP computing tasks )NP (PP around (NP a network )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP A (ADJP previously available )ADJP program )NP (VP called (S (NP Network *UNKING System )NP )S )VP , (VP developed (PP by (NP (NP Hewlett-Packard 's )NP *UNKC division )NP )PP )VP )NP , (PP for (NP instance )NP )PP , (VP (VP takes (NP a task )NP )VP and (VP *UNK (NP it )NP (PRT up )PRT (PP into (NP parts )NP )PP )VP , (S (VP *UNKING (PRT up )PRT (NP those parts )NP (PP to (NP (NP several computers )NP (PP in (NP a network )NP )PP )NP )PP (PP for (NP *UNK processing )NP )PP )VP )S )VP . )S  STOP
(S But (NP (NP programs )NP (PP in (NP individual computers )NP )PP )NP (VP must (VP be (VP revised (SBAR in order (S (VP to (VP work (PP with (NP that system )NP )PP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP wo n't (VP have (S (VP to (VP be (VP *UNK (S (VP to (VP work (PP with (NP *UNKC *UNKC )NP )PP )VP )VP )S )VP )VP )VP )S )VP )VP )S (PRN , (S (NP Hewlett-Packard )NP (VP said )VP )S , )PRN and (S (NP (NP the user )NP (PP of (NP a computer )NP )PP )NP (VP wo n't (VP be (ADJP able (S (VP to (VP tell (SBAR that (S (NP another machine )NP (VP is (VP doing (NP the work )NP )VP )VP )S )SBAR )VP )VP )S )ADJP )VP )VP )S . )S  STOP
(SINV (S (NP The Task *UNKC )NP `` (VP turns (NP that network )NP (PP into (PRN -- (ADJP (ADJP as far )ADJP (SBAR as (S (NP the user )NP (VP is (VP concerned )VP )VP )S )SBAR )ADJP -- )PRN (NP one giant computer )NP )PP )VP )S , '' (VP said )VP (NP (NP Bill *UNKC )NP , (NP (NP general manager )NP (PP of (NP (NP Hewlett-Packard 's )NP *UNK group )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP Price wars )NP (PP between (NP the fast-food giants )NP )PP )NP (VP are (VP starting (S (VP to (VP *UNK (NP (NP the fast-food little guys )NP : (NP the franchisees )NP )NP )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (SBAR (WHADVP When )WHADVP (S (NP *UNK )NP (VP start (S (VP fighting )VP )S )VP )S )SBAR , (NP *UNK )NP (VP get (VP killed )VP )VP )S , '' (VP says )VP (NP (NP Murray *UNKC )NP , (NP (NP *UNK- )NP (PP of (NP (NP National *UNKC )NP , (NP (NP a New York franchisee )NP (PP for (NP (NP *UNKC *UNKC )NP , (NP Roy *UNKC )NP and (NP other chains )NP )NP )PP )NP )NP )PP )NP )NP . )SINV  STOP
(S (SBAR As (S (NP *UNK and *UNK outlets )NP (VP *UNK (NP (NP one area )NP (PP after (NP another )NP )PP )NP )VP )S )SBAR , (NP franchisers )NP (VP are (VP struggling (ADVP desperately )ADVP (PP for (NP market share )NP )PP , (S (VP (VP slashing (NP prices )NP )VP and (VP stepping (PRT up )PRT (NP costly promotions )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP The fight )NP (VP is (VP putting (NP a tight squeeze )NP (PP on (NP (NP profits )NP (PP of (NP many )NP )PP )NP )PP )VP , (S (VP (VP threatening (S (VP to (VP drive (NP the smallest ones )NP (PP out (PP of (NP business )NP )PP )PP )VP )VP )S )VP and (VP *UNKING (NP (NP relations )NP (PP between (NP (NP the national fast-food chains )NP and (NP their franchisees )NP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(SINV (S (S (NP The chains )NP `` (VP used (S (VP to (VP offer (NP discounts )NP (PP during (NP (NP winter )NP (SBAR (WHADVP when )WHADVP (S (NP business )NP (VP was (ADJP slow )ADJP )VP )S )SBAR )NP )PP )VP )VP )S )VP )S , but (S (PP in (NP the last year (QP or so )QP )NP )PP , (NP discounting )NP (VP has (VP become (NP a 12-month thing )NP )VP )VP )S )S , '' (VP says )VP (NP (NP Donald *UNKC )NP , (NP (NP president )NP (PP of (NP (NP *UNKC Group Inc. )NP , (NP (NP a New York franchisee )NP (PP of (NP (NP Grand Metropolitan PLC 's )NP Burger King chain )NP )PP )NP )NP )PP )NP )NP . )SINV  STOP
(S (SBAR Though (S (NP (NP *UNKC 's )NP sales )NP (VP are (ADVP up slightly )ADVP (NP this year )NP )VP )S )SBAR , (NP Mr. *UNKC )NP (VP says (SBAR (S (NP profits )NP (VP will (VP be (ADJP flat or lower )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S And (NP (NP Bill *UNKC )NP , (NP (NP a (NAC *UNKC , Ariz. , )NAC *UNK )NP (PP of (NP (NP McDonald 's )NP Corp. )NP )PP (SBAR (WHNP who )WHNP (S (VP is (NP (NP chairman )NP (PP of (NP (NP the company 's )NP National *UNKC *UNKC Board )NP )PP )NP )VP )S )SBAR )NP )NP , (VP says (SBAR (S (NP some fast-food outlets )NP `` (VP could (VP be (PP in (NP serious trouble )NP )PP , (PP based (PP on (NP (NP the amount )NP (PP of (NP (NP discounting )NP (SBAR (WHNP that )WHNP (S (VP seems (S (VP to (VP be (VP going (PRT on )PRT )VP )VP )VP )S )VP )S )SBAR )NP )PP )NP )PP )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (PP Until (NP recently )NP )PP , (NP (NP the huge fast-food industry )NP , (PP with (NP (NP sales )NP (PP of (NP (QP about $ *UNKN billion )QP )NP )PP (NP last year )NP )NP )PP , )NP (VP kept (NP *UNKING )NP (PP to (NP a minimum )NP )PP )VP . )S  STOP
(S (S But (NP early this year )NP , (NP (NP (NP PepsiCo Inc. 's )NP *UNKC Bell unit )NP and (NP (NP *UNKC 's )NP International Inc. )NP )NP (VP (VP slashed (NP prices )NP )VP and (VP stepped (PRT up )PRT (NP promotions )NP )VP )VP )S , (VP says )VP (NP (NP John *UNKC )NP , (NP (NP an analyst )NP (PP for (NP *UNKC *UNKC & Co )NP )PP )NP )NP . )S  STOP
(S (NP That )NP (VP brought (NP (NP a chain reaction )NP (PP in (NP the industry )NP )PP )NP )VP . )S  STOP
(S (NP The situation )NP (VP was (VP (ADVP further )ADVP *UNKED (NP (NP early this month )NP , (SBAR (WHADVP when )WHADVP (S (NP (NP McDonald )NP 's )NP (VP set (NP plans (S (VP to (VP heat (PRT up )PRT (NP the discounting )NP (PP by (S (VP offering (NP coupons )NP )VP )S )PP )VP )VP )S )NP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP decided (S (VP to (VP go (ADJP national )ADJP (PP with (NP (NP *UNK )NP , (SBAR (WHNP which )WHNP (S (NP it )NP (VP has (VP been (VP *UNKING )VP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S (S (INTJ Now )INTJ , (NP (NP *UNK- deals )NP (PP on (NP *UNK )NP )PP )NP (VP are (ADJP common )ADJP )VP )S ; (SINV so (VP are )VP (NP (NP *UNK- *UNK )NP (PP on (NP (NP *UNK )NP (VP (ADVP normally )ADVP priced (ADVP twice as high )ADVP )VP )NP )PP )NP )SINV . )S  STOP
(S (NP The discounting )NP (PRN , (SINV (VP say )VP (NP fast-food operators )NP )SINV , )PRN (VP occurs (PP (PP on (NP (NP a scale )NP )NP )PP and (PP with (NP (NP a *UNK )NP )NP )PP (SBAR (S (NP they )NP (VP have n't (VP seen (ADVP before )ADVP )VP )VP )S )SBAR )PP )VP . )S  STOP
(S (NP The result )NP (VP is (SBAR that (S (NP some franchisees )NP (VP are (VP running (ADVP hard )ADVP (S (ADVP just )ADVP (VP to (VP stay (ADVP even )ADVP )VP )VP )S , (S (VP (VP laying (PRT off )PRT (NP middle managers )NP )VP and (VP working (ADVP harder )ADVP (S (VP to (VP make (NP less )NP )VP )VP )S )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Joe *UNKC )NP , (NP (NP a district manager )NP (PP for (NP (NP *UNKC Enterprises Inc. )NP , (NP (NP a Burger King operator )NP (PP in (NP (NP *UNKC )NP , (NP Neb. )NP )NP )PP )NP )NP )PP )NP , )NP (VP says (SBAR (S (NP discounting )NP (VP is (ADJP so *UNK (SBAR that `` (S (NP we )NP (VP have (S (VP to (VP serve (NP (ADJP (NP (QP 15 % to 20 % )QP )NP more )ADJP customers )NP )VP )VP )S '' (S (VP to (VP keep (S (NP sales )NP (ADJP level )ADJP )S )VP )VP )S )VP )S )SBAR )ADJP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP It )NP (VP 's (SBAR (ADVP almost )ADVP as if (S (NP you )NP (VP 're (VP doing (NP extra work )NP (S (VP to (VP give (PRT away )PRT (NP the food )NP )VP )VP )S )VP )VP )S )SBAR )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP (NP Alan *UNKC )NP , (NP (NP president )NP (PP of (NP (NP (NP *UNKC 's )NP Inc. )NP , (NP (NP an operator )NP (PP of (NP (NP (NP Arby 's )NP restaurants )NP (PP in (NP *UNKC )NP )PP )NP )PP )NP )NP )PP )NP , )NP (VP says : `` (S (S (NP (NP All )NP (SBAR (S (NP we )NP (VP 're (VP doing )VP )VP )S )SBAR )NP (VP is (S (VP keeping (S (NP the customers )NP (VP coming )VP )S )VP )S )VP )S , but (S (NP we )NP (VP are n't (VP increasing (NP sales )NP )VP )VP )S )S )VP . '' )S  STOP
(S (S (SBAR With (S (NP fast-food outlets )NP (PP on (NP every corner )NP )PP )S )SBAR , (NP he )NP , (PP like (NP many )NP )PP , (VP does n't (VP think (SBAR (S (NP he )NP (VP has (NP a choice )NP (PP in (NP the price war )NP )PP )VP )S )SBAR )VP )VP )S : `` (S (NP Our customers )NP (VP say (SBAR that (S (NP they )NP (VP wo n't (VP go (PP into (NP a fast-food store )NP )PP (SBAR unless (S (NP they )NP (VP get (NP a coupon )NP )VP )S )SBAR )VP )VP )S )SBAR )VP )S . '' )S  STOP
(SINV (S (SBAR If (S (NP the battle )NP (VP continues (ADVP much longer )ADVP )VP )S )SBAR , (NP many fast-food businesses )NP (VP will (VP close or merge )VP )VP )S , (VP predicts )VP (NP (NP Vincent *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP owns (NP (NP a string )NP (PP of (NP Kentucky Fried *UNKC stores )NP )PP (PP in (NP the Midwest )NP )PP )NP )VP )S )SBAR )NP . )SINV  STOP
(S `` (S (NP The industry )NP (VP is (ADJP *UNK )ADJP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (NP *UNKC franchisers )NP (VP have (VP managed (S (VP to (VP squeeze (ADVP in )ADVP (NP stores )NP (PP into (NP (NP every corner )NP (ADJP available )ADJP )NP )PP )VP )VP )S )VP )VP . '' )S  STOP
(S (NP The National *UNKC Association )NP (VP says (SBAR (S (NP (NP *UNK- restaurant units )NP (PP in (NP the U.S. )NP )PP )NP (VP rose (NP 14 % )NP (PP to (NP *UNKN )NP )PP (PP between (NP (NP 1983 )NP and (NP (NP 1987 )NP , (NP (NP the last year )NP (SBAR (WHPP for (WHNP which )WHNP )WHPP (S (NP figures )NP (VP are (ADJP available )ADJP )VP )S )SBAR )NP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (SBAR With (S (NP the market )NP (ADJP so crowded )ADJP )S )SBAR (PRN , (SINV (VP says )VP (NP (NP a spokesman )NP (PP for (NP (NP *UNKC 's )NP (PP in (NP (NP Columbus )NP , (NP Ohio )NP )NP )PP )NP )PP )NP )SINV , )PRN `` (SBAR If (S (NP you )NP (VP 're (VP doing (ADVP well )ADVP )VP )VP )S )SBAR , (NP you )NP (VP 're (VP doing (ADVP well )ADVP (PP at (NP (NP (NP someone )NP (ADJP else )ADJP 's )NP expense )NP )PP )VP )VP . '' )S  STOP
(S (S (VP (ADVP *UNKLY )ADVP put )VP )S , (NP there )NP (VP is n't (NP enough business (SBAR for (S (NP every store )NP (VP to (VP grow )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP According (PP to (NP Mr. *UNKC )NP )PP )PP , (NP (NP inflation-adjusted , *UNK- sales )NP (PP at (NP (NP (NP *UNKED *UNKC 's )NP units )NP (PP in (NP the U.S. )NP )PP )NP )PP )NP (VP have (VP *UNKED (NP year-earlier levels )NP (PP throughout (NP 1989 )NP )PP , (PP except (PP for (NP August )NP )PP )PP )VP )VP . )S  STOP
(S `` (S (NP McDonald 's )NP (VP has (ADVP also )ADVP (VP been (VP running (S (ADJP negative )ADJP )S (NP all year )NP )VP )VP )VP )S , '' (NP the analyst )NP (VP says )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP for (NP (NP *UNKC 's )NP and (NP McDonald 's )NP )NP )PP )NP (VP criticized (NP (NP Mr. *UNKC 's )NP calculations )NP )VP . )S  STOP
(S (NP (NP Jack Greenberg )NP , (NP (NP (NP executive vice president )NP and (NP chief financial officer )NP )NP (PP of (NP (NP McDonald 's )NP )NP )PP )NP , )NP (VP says (SBAR (S (NP the company )NP (VP does n't (VP *UNK , (ADVP much less )ADVP disclose , (NP inflation-adjusted , *UNK- sales )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP adds (SBAR that (S (NP short-term comparisons )NP `` (VP can (VP be (ADJP very misleading )ADJP (PP because of (NP (NP differences )NP (PP in (NP (NP timing )NP (PP of (NP marketing programs )NP )PP )NP )PP (PP (PP from (NP year )NP )PP (PP to (NP year )NP )PP )PP )NP )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (S (NP (NP Profit margins )NP (PP at (NP (NP (NP *UNKED McDonald 's )NP outlets )NP (PP in (NP the U.S. )NP )PP )NP )PP )NP `` (VP are (VP holding (PRT up )PRT (ADVP quite *UNKLY )ADVP )VP )VP )S , '' (VP says )VP (NP Mr. Greenberg )NP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP of (NP franchisees )NP )PP )NP (VP have n't (VP been (ADJP higher )ADJP (PP since (NP the mid-1970s )NP )PP )VP )VP )S , (NP he )NP (VP adds )VP . )S  STOP
(S But (NP (NP Mr. Greenberg 's )NP *UNK outlook )NP (VP is n't (VP matched (PP by (NP many fast-food industry observers )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP *UNKC chains )NP and (NP *UNK- operators )NP )NP (VP will (VP be (NP (NP the first )NP (SBAR (S (VP to (VP fail )VP )VP )S )SBAR )NP )VP )VP )S , (NP (NP many )NP (PP in (NP the industry )NP )PP )NP (VP predict )VP . )S  STOP
(SINV (S (NP Big franchise groups )NP `` (VP can (VP ride (ADVP out )ADVP (NP the storm )NP (ADVP (NP a lot )NP longer )ADVP )VP )VP )S , '' (VP says )VP (NP (NP Mr. *UNKC )NP , (NP (NP the Burger King operator )NP (PP in (NP New York )NP )PP )NP )NP . )SINV  STOP
(S (NP The prolonged price pressures )NP (VP are (VP driving (NP a *UNK )NP (PP between (NP (NP some franchisers )NP and (NP their franchisees )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (NP the Kentucky Fried *UNKC franchisee )NP , )NP (VP notes (SBAR that (S (NP most franchise owners )NP (VP must (VP absorb (NP (NP increases )NP (PP in (NP expenses )NP )PP )NP (PP without (NP (NP any cut )NP (PP in (NP (NP (NP the royalties )NP , or (NP (NP portion )NP (PP of (NP sales )NP )PP )NP )NP , (SBAR (WHNP that )WHNP (S (NP they )NP (VP must (VP pay (NP franchisers )NP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP ca n't (VP be (VP forced (S (VP to (VP go (PRT along )PRT (PP with (NP (NP a *UNK 's )NP discounting )NP )PP )VP )VP )S )VP )VP )VP . )S  STOP
(SINV But (S (SBAR once (S (NP a franchisee )NP (VP agrees (PP to (NP a promotional program )NP )PP )VP )S )SBAR , (NP the *UNK )NP (VP can (VP demand (NP full participation )NP (PP to (NP the very end )NP )PP )VP )VP )S , (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a principal )NP (PP of (NP (NP *UNKC & *UNKC )NP , (NP (NP a Chicago law firm )NP (PP with (NP franchise industry clients )NP )PP )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP He )NP (VP says (SBAR (S (NP courts )NP (VP have (VP held (SBAR that (S (NP antitrust considerations )NP (VP are (VP *UNKED (PP in (NP such cases )NP )PP (PP by (NP the need (S (VP to (VP protect (NP consumers )NP (PP from (NP *UNK marketing )NP )PP )VP )VP )S )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP any case )NP )PP , (NP many franchisees )NP , (SBAR in order (S (VP to (VP stay (PP on (NP (NP good terms )NP (PP with (NP franchisers )NP )PP )NP )PP )VP )VP )S )SBAR , (ADVP routinely )ADVP (VP go (PRT along )PRT (PP with (NP promotions )NP )PP )VP . )S  STOP
(SINV (VP Says )VP (NP (NP Mr. *UNKC )NP (PP of (NP National *UNKC )NP )PP )NP : `` (S (SBAR If (S (NP you )NP (VP resisted (PP on (NP prices )NP )PP )VP )S )SBAR , (ADVP maybe )ADVP (NP you )NP (VP would (ADVP never )ADVP (VP get (NP (NP that telephone call )NP (PP about (NP a new franchise )NP )PP )NP )VP )VP )S . )SINV  STOP
(S (NP (NP Companies )NP (VP listed (PP below )PP )VP )NP (VP reported (NP (NP quarterly profit )NP (ADJP substantially different (PP from (NP (NP the average )NP (PP of (NP (NP analysts ' )NP estimates )NP )PP )NP )PP )ADJP )NP )VP . )S  STOP
(S (NP The companies )NP (VP (VP are (VP followed (PP by (NP (QP at least three )QP analysts )NP )PP )VP )VP , and (VP (VP had (NP (NP a minimum five-cent change )NP (PP in (NP (NP actual earnings )NP (PP per (NP share )NP )PP )NP )PP )NP )VP )VP )VP . )S  STOP
(S (NP (NP (ADJP Estimated and actual )ADJP results )NP (VP involving (NP losses )NP )VP )NP (VP are (VP omitted )VP )VP . )S  STOP
(S (NP The percent difference )NP (VP compares (NP actual profit )NP (PP with (NP (NP the 30-day estimate )NP (SBAR (WHADVP where )WHADVP (S (NP (QP at least three )QP analysts )NP (VP have (VP issues (NP forecasts )NP (PP in (NP the past 30 days )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (ADVP Otherwise )ADVP , (NP actual profit )NP (VP is (VP compared (PP with (NP the 300-day estimate )NP )PP )VP )VP . )S  STOP
(S (NP (NP Companies )NP (VP listed (PP below )PP )VP )NP (VP reported (NP (NP quarterly profit )NP (ADJP substantially different (PP from (NP (NP the average )NP (PP of (NP (NP analysts ' )NP estimates )NP )PP )NP )PP )ADJP )NP )VP . )S  STOP
(S (NP The companies )NP (VP (VP are (VP followed (PP by (NP (QP at least three )QP analysts )NP )PP )VP )VP , and (VP had (NP (NP a minimum five-cent change )NP (PP in (NP (NP actual earnings )NP (PP per (NP share )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP (ADJP Estimated and actual )ADJP results )NP (VP involving (NP losses )NP )VP )NP (VP are (VP omitted )VP )VP . )S  STOP
(S (NP The percent difference )NP (VP compares (NP actual profit )NP (PP with (NP (NP the 30-day estimate )NP (SBAR (WHADVP where )WHADVP (S (NP (QP at least three )QP analysts )NP (VP have (VP issues (NP forecasts )NP (PP in (NP the past 30 days )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (ADVP Otherwise )ADVP , (NP actual profit )NP (VP is (VP compared (PP with (NP the 300-day estimate )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC Co. )NP (VP said (SBAR (S (NP it )NP (VP completed (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP sale )NP (PP of (NP (NP assets )NP (PP from (NP its Los Angeles area real estate portfolio )NP )PP )NP )PP )NP (PP for (NP (NP net income )NP (PP of (NP (QP $ 12 million )QP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP the sale )NP (VP is (NP (NP part )NP (PP of (NP its (ADJP previously announced )ADJP plan (S (VP to (VP sell (NP (NP much )NP (PP of (NP its real estate holdings )NP )PP )NP (S (VP to (VP focus (PP on (NP (NP its core business )NP (PP of (S (VP mining and producing (NP *UNK , concrete , rock and sand )NP )VP )S )PP )NP )PP )VP )VP )S )VP )VP )S )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S And (NP you )NP (VP thought (SBAR (S (NP (NP the only reason )NP (SBAR (S (VP to (VP save (NP your canceled checks )NP )VP )VP )S )SBAR )NP (VP was (S (VP to (VP prepare (PP for (NP an IRS audit )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC Jackson )NP , (NP the retired baseball star )NP , )NP (VP has (VP found (NP (NP another use )NP (PP for (NP them )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Mr. Jackson )NP , (SBAR (WHNP who )WHNP (S (VP won (NP (NP the *UNK )NP `` (NP Mr. October )NP '' )NP (PP for (NP his World Series *UNK )NP )PP )VP )S )SBAR , )NP (VP is (VP selling (NP (NP some )NP (PP of (NP his canceled checks )NP )PP )NP (PP to (NP *UNK *UNK )NP )PP (PP through (NP a dealer )NP )PP (PP for (NP (QP as much as $ 500 )QP each )NP )PP )VP )VP . )S  STOP
(S (NP Dealers )NP (VP say (SBAR (S (NP (NP the *UNKING trade )NP (PP in (NP (NP Mr. Jackson 's )NP canceled checks )NP )PP )NP (VP is (ADJP unusual )ADJP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP I )NP (VP do n't (VP know (PP of (NP (NP any living *UNK )NP (SBAR (WHNP that )WHNP (S (VP 's (ADVP ever )ADVP (VP done (NP it )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S , '' (VP says )VP (NP (NP Jack *UNKING )NP , (NP (NP (NP a dealer )NP (PP in (NP (NP *UNKC )NP , (NP Iowa )NP )NP )PP )NP , and (NP (NP a recognized expert )NP (PP in (NP (NP the field )NP (PP of (NP baseball *UNK )NP )PP )NP )PP )NP )NP )NP . )SINV  STOP
(S (NP (NP An initial *UNK )NP (PP of (NP (NP Mr. Jackson 's )NP checks )NP )PP )NP (VP was (PP on (NP sale )NP )PP (PP at (NP (NP a *UNK- show )NP (VP held (PP in (NP San Francisco )NP )PP (PP over (NP Labor Day weekend )NP )PP )VP )NP )PP )VP . )S  STOP
(S (NP Mr. Jackson )NP (VP showed (PRT up )PRT (PP at (NP the affair )NP )PP (S (VP to (VP sign (NP *UNK )NP (PP for (NP a fee )NP )PP (ADVP as well )ADVP )VP )VP )S )VP . )S  STOP
(SINV `` (S (PP For (NP (NP someone )NP (SBAR (WHNP who )WHNP (S (VP has (NP (NP (NP everything )NP (ADJP else )ADJP )NP -- (NP (NP *UNKC 's )NP *UNK , cap and cards )NP -- )NP )VP )S )SBAR )NP )PP (NP his checks )NP (VP might (VP be (NP a nice addition )NP )VP )VP )S , '' (VP says )VP (NP (NP William *UNKC )NP , (NP (NP owner )NP (PP of (NP (NP (NP Bill 's )NP Sports *UNKC )NP (PP in (NP Denver )NP )PP )NP )PP )NP , (SBAR (WHNP who )WHNP (S (VP *UNKED (NP the checks )NP (PP at (NP the San Francisco card show )NP )PP )VP )S )SBAR )NP . )SINV  STOP
(S (PP For (NP years )NP )PP , (NP (NP the canceled checks )NP (PP of (NP (NP a small number )NP (PP of (NP well-known baseball players )NP )PP )NP )PP )NP (VP have (VP been (VP bought and sold )VP )VP )VP . )S  STOP
(S But (NP these players )NP (VP were (ADJP dead )ADJP )VP . )S  STOP
(SINV `` (S (ADVP Maybe )ADVP (S (ADVP (NP three years )NP ago )ADVP , (NP there )NP (VP were (NP (NP a lot )NP (PP of (NP (PRN -LCB- *UNK -RCB- )PRN *UNKC )NP )PP )NP (PP in (NP the *UNK )NP )PP )VP )S , and (S (ADVP *UNK back )ADVP (NP there )NP (VP were (NP *UNKC Ruth checks )NP )VP )S )S , '' (VP says )VP (NP Mr. *UNKING )NP . )SINV  STOP
(S (ADVP However )ADVP , (NP (NP the thought )NP (PP of (S (NP a living player )NP (VP selling (NP his checks )NP )VP )S )PP )NP (VP *UNK (NP some people )NP (NP the wrong way )NP )VP . )S  STOP
(SINV `` (S (S (ADVP Maybe )ADVP (NP I )NP (VP 'm (ADJP (NP a little )NP *UNK )ADJP )VP )S , but (S (NP I )NP (VP would n't (VP sell (NP them )NP )VP )VP )S )S , '' (VP *UNK )VP (NP (NP Bob *UNKC )NP , (NP (NP owner )NP (PP of (NP (NP (NP *UNKC 's )NP Sports *UNKC )NP (PP in (NP (NP *UNKC Park )NP , (NP Calif )NP )NP )PP )NP )PP )NP )NP . )SINV  STOP
(SBARQ `` (WHNP Who )WHNP (SQ (VP knows (SBAR (WHNP how much )WHNP (S (NP they )NP (VP 'll (VP be (ADJP worth )ADJP (PP (NP 100 years )NP from (NP now )NP )PP )VP )VP )S )SBAR )VP )SQ ? '' )SBARQ  STOP
(S And (NP Mr. *UNKING )NP (VP does n't (VP believe (SBAR (S (NP they )NP (VP 're (ADJP worth (NP all that much )NP )ADJP (ADVP now )ADVP )VP )S )SBAR )VP )VP . )S  STOP
(S `` (S (NP I )NP (VP do n't (VP think (SBAR (S (NP the checks )NP (VP are (ADJP worth (NP (NP $ 15 )NP (ADVP apiece )ADVP )NP )ADJP )VP )S )SBAR )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (SBAR (WHADVP Why )WHADVP (S (NP (NP Mr. Jackson )NP , (SBAR (WHNP who )WHNP (S (VP could n't (VP be (VP reached (PP for (NP comment )NP )PP )VP )VP )VP )S )SBAR , )NP (VP has (VP made (S (NP (NP some )NP (PP of (NP his checks )NP )PP )NP (ADJP available (PP for (NP sale )NP )PP )ADJP )S )VP )VP )S )SBAR (VP is n't (ADJP clear )ADJP )VP . )S  STOP
(S (NP He )NP (ADVP probably )ADVP (VP has n't (VP done (NP it )NP (PP for (NP the cash )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP I )NP (VP would (VP say (SBAR (S (NP he )NP (VP 's (ADVP definitely )ADVP not (PP in (NP (NP need )NP (PP of (NP money )NP )PP )NP )PP )VP )S )SBAR )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP an agent )NP (PP of (NP Mr. Jackson 's )NP )PP (VP based (PP in (NP New York )NP )PP )VP )NP )NP . )SINV  STOP
(S `` (NP He )NP (VP has (NP good investments )NP )VP . '' )S  STOP
(S And (NP Mr. Jackson )NP (ADVP probably )ADVP (VP has (VP opened (NP new *UNKING accounts )NP , (ADVP too )ADVP )VP )VP . )S  STOP
(S Or (ADVP at least )ADVP (NP he )NP (VP should )VP . )S  STOP
(SINV `` (S (NP I )NP (VP assume (SBAR (S (NP those accounts )NP (VP are (ADJP closed )ADJP )VP )S )SBAR )VP )S , '' (VP says )VP (NP Mr. *UNKING )NP , (S (VP referring (PP to (NP (NP the accounts )NP (PP of (NP the canceled checks )NP )PP )NP )PP )VP )S . )SINV  STOP
(S `` (NP I )NP (VP do n't (VP think (SBAR (S (NP he )NP (VP 'd (VP want (S (VP to (VP give (PRT out )PRT (NP his current account numbers )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP USX Corp. )NP and (NP (NP its Japanese partner )NP , (NP *UNKC Steel Ltd. )NP , )NP )NP (VP agreed (S (VP to (VP form (NP a joint venture )NP (S (VP to (VP build (NP (NP a new plant )NP (SBAR (S (VP to (VP produce (NP *UNKED galvanized sheet products )NP , (PP (ADVP mainly )ADVP for (NP the automotive market )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP (NP Terms )NP )NP (VP were n't (VP disclosed (PP for (NP (NP the plant )NP , (SBAR (WHNP which )WHNP (S (VP will (VP have (NP (NP annual capacity )NP (PP of (NP *UNKN tons )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP The move )NP (PP by (NP (NP the nation 's )NP largest steelmaker )NP )PP )NP (VP follows (NP (NP a string )NP (PP of (NP (NP earlier announcements )NP (PP by (NP other major steel companies )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Bethlehem Steel Corp. )NP , (NP LTV Corp. )NP and (NP Armco Inc. )NP )NP all (VP have (NP plans (S (VP to (VP build (NP (NP additional lines )NP (PP for (NP such *UNKED *UNK- steel )NP )PP )NP )VP )VP )S )NP )VP . )S  STOP
(S (NP (NP The surge )NP (PP in (NP production )NP )PP )NP (PRN , (S (NP analysts )NP (VP say )VP )S , )PRN (VP raises (NP (NP questions )NP (PP about (S (NP capacity )NP (VP *UNKING (NP demand )NP )VP )S )PP )NP )VP . )S  STOP
(S (NP They )NP (VP note (SBAR that (S (NP (NP most )NP (PP of (NP the new plants )NP )PP )NP (VP will (VP come (PP on (NP line )NP )PP (PP in (NP (NP 1992 )NP , (SBAR (WHADVP when )WHADVP (S (NP the current import trade restraint program )NP (VP ends )VP )S )SBAR )NP )PP , (SBAR (WHNP which )WHNP (S (VP could (VP result (PP in (NP more imports )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP There )NP (VP 's (NP (ADJP too much )ADJP capacity )NP )VP )S , '' (VP contended )VP (NP (NP Charles *UNKC )NP , (NP (NP an analyst )NP (PP with (NP Merrill Lynch Capital Markets )NP )PP )NP )NP . )SINV  STOP
(S `` (NP I )NP (VP do n't (VP think (SBAR (S (NP there )NP (VP 's (NP (NP anyone )NP (VP not building (NP one )NP )VP )NP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP He )NP (VP does (VP add , (ADVP however )ADVP , (SBAR that (S (NP *UNKED Japanese car makers )NP (VP are (VP boosting (NP (NP the levels )NP (PP of (NP *UNKC steel )NP )PP (PP in (NP their *UNK )NP )PP )NP , (PP instead of (S (VP *UNKING (ADVP heavily )ADVP (PP on (NP imported steel )NP )PP )VP )S )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP That trend )NP (VP could (VP increase (NP (NP demand )NP (PP for (NP *UNKED galvanized sheet )NP )PP )NP )VP )VP . )S  STOP
(S (NP The *UNKED galvanized segment )NP (VP is (NP (NP one )NP (PP of (NP (NP the (ADJP (ADJP fastest-growing )ADJP and (ADJP most profitable )ADJP )ADJP segments )NP (PP of (NP the steel market )NP )PP )NP )PP )NP , (S (VP *UNKED (PP by (NP (NP all major integrated steelmakers )NP (VP *UNKING (S (VP to (VP maintain (NP (NP an edge )NP (PP over (NP (NP (NP smaller *UNK )NP and (NP *UNKED mills )NP )NP -- (NP (NP those )NP (VP spun (PRT off )PRT (PP to (NP employees )NP )PP )VP )NP )NP )PP )NP )VP )VP )S )VP )NP )PP )VP )S )VP . )S  STOP
(S (ADVP Indeed )ADVP , (NP USX )NP (VP said (SBAR (S (NP it )NP (VP expects (S (NP (NP the market )NP (PP for (NP *UNKED sheet steel )NP )PP )NP (VP to (VP reach (NP (NP (QP 12 million )QP tons )NP (ADVP annually )ADVP )NP (PP by (NP 1992 )NP )PP )VP , (PP compared (PP with (NP (NP (QP 10.2 million )QP tons )NP (VP shipped (PP in (NP 1988 )NP )PP )VP )NP )PP )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP (NP the first eight months )NP (PP of (NP 1989 )NP )PP )NP )PP , (NP analysts )NP (VP say (SBAR (S (NP (NP shipments )NP (PP of (NP hot-dipped galvanized steel )NP )PP )NP (VP increased (NP (QP about 8 )QP % )NP (PP from (ADVP (NP a year )NP earlier )ADVP )PP , (SBAR while (S (NP overall steel shipments )NP (VP were (ADVP up (NP (QP only 2.4 )QP % )NP )ADVP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP USX )NP and (NP *UNKC Steel )NP )NP (VP hope (S (VP to (VP reach (NP (NP a definitive agreement )NP (VP establishing (NP the *UNKN partnership )NP )VP )NP (PP by (NP (NP the end )NP (PP of (NP the year )NP )PP )NP )PP )VP )VP )S , (PP with (NP (NP (NP construction )NP (VP (ADVP tentatively )ADVP slated (PP for (NP (NP the spring )NP (PP of (NP 1990 )NP )PP )NP )PP )VP )NP and (NP (NP production )NP (PP by (NP 1992 )NP )PP )NP )NP )PP )VP . )S  STOP
(S (S (NP USX )NP (ADVP already )ADVP (VP has (NP (NP six lines )NP (PP in (NP existing plants )NP )PP (VP producing (NP hot-dipped galvanized steel )NP )VP )NP )VP )S , but (S (NP this )NP (VP marks (NP (NP the first so-called *UNK plant )NP (PP for (NP such production )NP )PP )NP )VP )S . )S  STOP
(S (ADVP Moreover )ADVP , (NP it )NP (VP will (VP boost (PP by (NP 50 % )NP )PP (NP (NP (NP USX 's )NP current hot-dipped capacity )NP (PP of (NP *UNKN tons )NP )PP )NP )VP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP it )NP (VP does n't (VP expect (S (NP (NP the new line 's )NP capacity )NP (VP to (VP (ADVP *UNKLY )ADVP affect (NP (NP the company 's )NP existing hot-dipped *UNKING lines )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP have (ADVP also )ADVP (VP been (VP adding (NP (NP capacity )NP (PP of (NP (NP so-called *UNKED steel )NP , (SBAR (WHNP which )WHNP (S (VP is (NP (NP another way )NP (SBAR (S (VP to (VP make (NP *UNKED *UNK- steel )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )NP )PP )NP )VP )VP )VP . )S  STOP
(S (NP (NP One )NP (PP of (NP (NP the advantages )NP (PP of (NP the hot-dipped process )NP )PP )NP )PP )NP (VP is (SBAR that (S (NP it )NP (VP allows (S (NP the steel )NP (VP to (VP be (VP covered (PP with (NP (NP a *UNK *UNK )NP (PP of (NP *UNK )NP )PP )NP )PP (ADVP more quickly )ADVP )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (SBAR *UNKC (S (NP *UNKC )NP (VP *UNKC (PRT *UNK )PRT (NP your mind )NP (PP about (NP an investment )NP )PP )VP )S )SBAR , (NP the rest )NP (VP is (ADJP easy )ADJP , (INTJ right )INTJ )VP ? )S  STOP
(S (NP You )NP (ADVP just )ADVP (VP (VP call (NP your broker )NP )VP and (VP say `` (S (VP buy '' or `` sell )VP )S )VP )VP . '' )S  STOP
(S (VP *UNKC (PRT on )PRT )VP . )S  STOP
(S (NP There )NP (VP are (NP (NP (NP all sorts )NP (PP of (NP (NP ways )NP (SBAR (S (VP to (VP give (NP buy and sell instructions )NP (PP to (NP a broker )NP )PP )VP )VP )S )SBAR )NP )PP )NP -- and (NP (NP (ADJP just as many )ADJP ways )NP (SBAR (S (VP to (VP get (VP burned (SBAR if (S (NP you )NP (VP do n't (VP know (SBAR (WHNP what )WHNP (S (NP you )NP (VP 're (VP doing )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )NP )NP )VP . )S  STOP
(SINV So (ADVP here )ADVP (VP 's )VP (NP (NP a *UNK )NP (PP of (NP (NP the (ADJP most common )ADJP types )NP (PP of (NP market orders )NP )PP (VP permitted (PP by (NP the stock and commodity exchanges )NP )PP )VP )NP )PP )NP . )SINV  STOP
(NP (NP (NP Two things )NP (SBAR (S (VP to (VP keep (PP in (NP mind )NP )PP )VP )VP )S )SBAR )NP : (S (NP Not all exchanges )NP (VP accept (NP (NP every type )NP (PP of (NP order )NP )PP )NP )VP )S . )NP  STOP
(S And (SBAR (WHADVP (ADVP even )ADVP when )WHADVP (S (NP a specific order )NP (VP is (ADJP acceptable (PP to (NP an exchange )NP )PP )ADJP )VP )S )SBAR , (NP a brokerage firm )NP (VP can (VP refuse (S (VP to (VP enter (NP it )NP (PP for (NP a customer )NP )PP )VP )VP )S )VP )VP . )S  STOP
(NP (NP Market Order )NP : (S (NP This )NP (VP is (ADVP probably )ADVP (NP (NP the (ADJP most widely used )ADJP order )NP -- and (NP (NP the one )NP (ADJP most open (PP to (NP (NP abuse )NP (PP by (NP *UNK floor brokers )NP )PP )NP )PP , (SBAR since (S (NP it )NP (VP *UNK (NP no price restrictions )NP )VP )S )SBAR )ADJP )NP )NP )VP )S . )NP  STOP
(S (PP With (NP a market order )NP )PP , (NP an investor )NP (VP tells (NP a broker )NP (S (VP to (VP buy or sell `` (PP at (NP the market )NP )PP )VP )VP )S )VP . '' )S  STOP
(S (NP It )NP (VP 's (PP like (S (VP saying , `` (S (VP (VP get (NP me )NP (ADVP in )ADVP (ADVP now )ADVP )VP '' or `` (VP get (NP me )NP (ADVP out )ADVP (ADVP now )ADVP )VP )VP )S )VP )S )PP )VP . '' )S  STOP
(S (PP For (NP example )NP )PP , (SBAR if (S (NP wheat )NP (VP is (VP being (VP (VP offered (PP at (NP $ *UNKN )NP )PP )VP and (VP bid (PP at (NP $ *UNKN )NP )PP )VP )VP )VP )VP )S )SBAR , (S (S (NP a market order (S (VP to (VP buy )VP )VP )S )NP (VP would (VP be (VP filled (PP at (NP the higher price )NP )PP )VP )VP )VP )S and (S (NP a market order (S (VP to (VP sell )VP )VP )S )NP (PP at (NP the lower price )NP )PP )S )S . )S  STOP
(S (NP A recent indictment )NP (VP alleges (SBAR that (S (NP (NP some floor brokers )NP (PP at (NP the two largest Chicago commodity exchanges )NP )PP )NP (VP used (NP market orders )NP (S (VP to (VP fill (NP (NP customers ' )NP orders )NP (PP at (NP unfavorable prices )NP )PP )VP )VP )S (PP by (S (VP *UNKING (NP (NP trades )NP (PP with (NP fellow brokers )NP )PP )NP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Profits )NP (VP realized (PP from (NP these trades )NP )PP )VP )NP (VP would (ADVP then )ADVP (VP be (VP shared (PP by (NP the *UNKING brokers )NP )PP )VP )VP )VP . )S  STOP
(NP (NP *UNKC Order )NP : (S (NP *UNKC orders )NP (VP are (VP used (SBAR (WHADVP when )WHADVP (S (NP investors )NP (VP want (S (VP to (VP restrict (NP (NP the amount )NP (SBAR (S (NP they )NP (VP will (VP receive or pay (PP for (NP an investment )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )VP )VP )S . )NP  STOP
(S (NP Investors )NP (VP do (NP this )NP (PP by (S (VP *UNKING (NP (NP (NP a minimum price )NP (SBAR (WHPP at (WHNP which )WHNP )WHPP (S (NP the investment )NP (VP may (VP be (VP sold )VP )VP )VP )S )SBAR )NP or (NP (NP the maximum price )NP (SBAR (WHNP that )WHNP (S (VP may (VP be (VP paid (PP for (NP it )NP )PP )VP )VP )VP )S )SBAR )NP )NP )VP )S )PP )VP . )S  STOP
(S (VP *UNKC (SBAR (S (NP an investor )NP (VP wants (S (VP to (VP sell (NP a stock )NP , (FRAG but not (PP for (NP (QP less than $ 55 )QP )NP )PP )FRAG )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP A limit order (S (VP to (VP sell )VP )VP )S )NP (VP could (VP be (VP entered (PP at (NP that price )NP )PP )VP )VP )VP . )S  STOP
(NP (NP One risk )NP : (S (NP Investors )NP (VP may (VP *UNK (NP the restriction )NP (SBAR if (S (NP the stock )NP (VP (VP reaches (NP 54 )NP )VP and then (VP falls )VP )VP )S )SBAR )VP )VP )S . )NP  STOP
(S (SBAR Unless (S (NP the market )NP (VP goes (PP (NP (NP (QP at least one )QP *UNK )NP (PRN -LRB- (NP (NP the smallest price *UNK )NP (VP permitted )VP )NP -RRB- )PRN )NP beyond (NP the limit price )NP )PP )VP )S )SBAR , (NP investors )NP (VP are n't (VP assured (PP of (S (VP having (S (NP their orders )NP (VP filled )VP )S )VP )S )PP (SBAR because (S (NP there )NP (VP may not (VP be (NP (NP sufficient trading volume )NP (SBAR (S (VP to (VP permit (S (VP filling (NP it )NP (PP at (NP the specified price )NP )PP )VP )S )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(NP (NP *UNKC Order )NP : (S (NP *UNKC orders )NP (VP tell (NP a floor broker )NP (S (VP to (VP buy or sell (NP an investment )NP (SBAR once (S (NP the price )NP (VP reaches (NP a certain level )NP )VP )S )SBAR )VP )VP )S )VP )S . )NP  STOP
(S (SBAR Once (S (NP the price )NP (VP reaches (NP that level )NP )VP )S )SBAR , (S (NP a stop order )NP (VP turns (PP into (NP a market order )NP )PP )VP )S , and (S (NP the order )NP (VP is (VP filled (PP at (SBAR (WHNP whatever price )WHNP (S (NP the broker )NP (VP can (VP get )VP )VP )S )SBAR )PP )VP )VP )S . )S  STOP
(S (NP *UNKC orders )NP (VP are (ADVP sometimes )ADVP (VP called (S (NP `` *UNK- '' orders )NP )S (SBAR because (S (NP they )NP (VP are (ADVP frequently )ADVP (VP used (S (VP to (VP (VP protect (NP profits )NP )VP or (VP limit (NP losses )NP )VP )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (SBAR While (S (NP stop orders )NP (VP sound (ADJP similar (PP to (NP limit orders )NP )PP )ADJP )VP )S )SBAR , (NP there )NP (VP is (NP (NP a difference )NP : (S (S (NP *UNKC *UNK )NP (VP must (VP be (VP entered (PP at (NP (NP a price )NP (PP below (NP the current market price )NP )PP )NP )PP )VP )VP )VP )S and (S (NP buy *UNK )NP (PP above )PP )S )S )NP )VP . )S  STOP
(S (PP In (NP contrast )NP )PP , (S (NP sell limit orders )NP (VP must (VP be (VP placed (PP above (NP the market price )NP )PP )VP )VP )VP )S and (S (NP buy limit orders )NP (VP are (VP placed (PP below )PP )VP )VP )S . )S  STOP
(S (NP (NP (NP The crash )NP (PP in (NP October 1987 )NP )PP )NP and (NP (NP last Friday 's )NP sell-off )NP )NP (VP (ADVP *UNKLY )ADVP taught (NP some investors )NP (SBAR (WHNP (ADVP exactly )ADVP what )WHNP (S (NP stop orders )NP (VP will and wo n't (VP do )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP An investor )NP (SBAR (WHNP who )WHNP (S (VP may (VP have (VP placed (NP a stop-loss order )NP (PP at (NP $ 90 )NP )PP (PP under (NP (NP a stock )NP (SBAR (WHNP that )WHNP (S (VP was (VP trading (PP at (NP (NP $ 100 )NP (NP a share )NP )NP )PP )VP )VP (PP on (NP (NP the Friday )NP (PP before (NP the crash )NP )PP )NP )PP )S )SBAR )NP )PP )VP )VP )VP )S )SBAR )NP (VP was (VP *UNKED (S (VP to (VP discover (SBAR that (S (NP the order )NP (VP was (VP filled (PP at (NP $ 75 )NP )PP (SBAR (WHADVP when )WHADVP (S (NP the stock )NP (VP opened (PP at (NP that price )NP )PP (PP on (NP Monday )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(NP (NP *UNKC Order )NP : (S (NP *UNKC orders )NP (VP turn (PP into (NP limit orders )NP )PP (SBAR (WHADVP when )WHADVP (S (NP an investment )NP (VP trades (PP at (NP (NP the price )NP (VP specified (PP in (NP the order )NP )PP )VP )NP )PP )VP )S )SBAR )VP )S . )NP  STOP
(S (PP Unlike (NP (NP stop orders )NP -- (SBAR (WHNP which )WHNP (S (VP are (VP filled (PP at (NP the market price )NP )PP (SBAR (WHADVP when )WHADVP (S (NP the stop price )NP (VP is (VP hit )VP )VP )S )SBAR )VP )VP )S )SBAR -- )NP )PP (NP *UNK- orders )NP (VP demand (SBAR that (S (NP the trades )NP (VP be (VP made (PP (ADVP only )ADVP at (NP the specified price )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR If (S (NP it )NP (VP ca n't (VP be (VP made (PP at (NP that price )NP )PP )VP )VP )VP )S )SBAR , (NP it )NP (VP does n't (VP get (VP filled )VP )VP )VP . )S  STOP
(S (NP (NP Investors )NP (SBAR (WHNP who )WHNP (S (VP wish (S (VP to (VP be (PP out (PP of (NP a position )NP )PP )PP , (PP without (NP (NP the risk )NP (PP of (S (VP receiving (NP a *UNKED price )NP (PP from (NP a market order )NP )PP )VP )S )PP )NP )PP , )VP )VP )S )VP )S )SBAR )NP (VP may (VP use (NP (NP this type )NP (PP of (NP order )NP )PP )NP (S (VP to (VP specify (NP (NP the price )NP (SBAR (WHPP at (WHNP which )WHNP )WHPP (S (NP the order )NP (VP must (VP be (VP filled )VP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S But (SBAR if (S (NP the market )NP (VP moves (ADVP quickly enough )ADVP )VP )S )SBAR , (NP (NP it )NP )NP (VP may (VP be (ADJP impossible )ADJP (SBAR for (S (NP the broker )NP (VP to (VP carry (PRT out )PRT (NP the order )NP )VP )VP )S )SBAR (SBAR because (S (NP the investment )NP (VP has (VP passed (NP the specified price )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(NP (NP *UNKED Order )NP : (S (NP *UNKED orders )NP (VP are (PP like (NP stop orders )NP )PP (SBAR in that (S (NP they )NP (VP become (NP market orders )NP (SBAR if (S (NP a specified price )NP (VP is (VP reached )VP )VP )S )SBAR )VP )S )SBAR )VP )S . )NP  STOP
(S (ADVP However )ADVP , (PP unlike (NP a *UNK- order )NP )PP , (NP a buy *UNKED order )NP (VP is (VP entered (PP at (NP (NP a price )NP (PP below (NP the current price )NP )PP )NP )PP , (SBAR while (S (NP a sell *UNKED order )NP (VP is (VP entered (PP at (NP (NP a price )NP (PP above (NP it )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP As soon (SBAR as (S (NP the market )NP (VP trades (PP at (NP the specified price )NP )PP )VP )S )SBAR )ADVP (NP the floor broker )NP (VP will (VP fill (NP it )NP (PP at (NP the best possible price )NP )PP )VP )VP . )S  STOP
(NP (NP *UNKC Order )NP : (S (NP The *UNK- order )NP (VP is (NP (NP one )NP (PP of (NP (NP several )NP (VP associated (PP with (NP (NP the timing )NP (PP of (NP trades )NP )PP )NP )PP )VP )NP )PP )NP )VP )S . )NP  STOP
(S (NP It )NP (VP *UNK (NP a broker )NP (S (VP to (VP buy or sell (NP an investment )NP (PP at (UCP (NP the specified price )NP or (ADJP better )ADJP )UCP )PP )VP )VP )S )VP . )S  STOP
(S But (SBAR if (S (NP the investment )NP (VP ca n't (VP be (VP bought or sold (ADVP immediately )ADVP )VP )VP )VP )S )SBAR , (NP the order )NP (VP is (VP (ADVP automatically )ADVP canceled )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP came (PP in )PP (NP second )NP (PP in (NP (NP the stock division )NP (PP of (NP the (ADJP recently completed )ADJP U.S. Trading *UNKC )NP )PP )NP )PP )VP )S )SBAR , )NP (VP says (SBAR (S (NP he )NP (VP uses (NP *UNK- orders )NP (ADVP almost exclusively )ADVP (SBAR (WHADVP when )WHADVP (S (VP trading (NP options )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP I )NP (VP like (S (VP to (VP use (NP them )NP (S (VP to (VP feel (PRT out )PRT (NP the market )NP )VP )VP )S )VP )VP )S )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (SBAR If (S (NP they )NP (VP do n't (VP fill (NP it )NP (ADVP immediately )ADVP )VP )VP )S )SBAR , (ADVP then )ADVP (NP I )NP (VP can (VP (VP start (ADVP over )ADVP (PP at (NP a new price )NP )PP )VP or (VP try (ADVP again )ADVP (PP with (NP the same price )NP )PP )VP )VP )VP . '' )S  STOP
(NP (NP *UNKC Order )NP : (S (NP This )NP (VP is (NP another timing order )NP )VP )S . )NP  STOP
(S (NP It )NP (VP is (NP (NP a market order )NP (SBAR (WHNP that )WHNP (S (VP allows (S (NP floor brokers )NP (VP to (VP take (NP (NP more time )NP (SBAR (S (VP to (VP buy or sell (NP an investment )NP )VP )VP )S )SBAR )NP , (SBAR if (S (NP they )NP (VP think (SBAR (S (NP they )NP (VP can (VP get (NP a better price )NP (PP by (NP waiting )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP *UNKC orders )NP , (SBAR (WHNP which )WHNP (S (VP are (ADVP also )ADVP (VP known (PP as (NP `` (S (VP *UNK (NP the tape )NP )VP )S '' orders )NP )PP )VP )VP )S )SBAR , )NP (VP are (ADVP always )ADVP (VP done (PP at (NP (NP the customer 's )NP risk )NP )PP )VP )VP . )S  STOP
(NP (NP *UNKC Order )NP : (S (NP This )NP (VP is (ADVP really )ADVP (NP (NP two orders )NP (PP in (NP one )NP )PP , (PP (ADVP generally )ADVP for (NP the same security or commodity )NP )PP , (VP *UNKING (NP floor brokers )NP (S (VP to (VP (VP fill (SBAR (WHNP *UNK order )WHNP (S (NP they )NP (VP can )VP )S )SBAR (ADVP first )ADVP )VP and then (VP cancel (NP the other order )NP )VP )VP )VP )S )VP )NP )VP )S . )NP  STOP
(S (PP In (NP a *UNKING market )NP )PP , (NP it )NP (VP *UNK (NP an investor )NP (PP from (S (VP getting (VP stuck (PP with (S (VP having (VP made (NP (NP two trades )NP (PP on (NP the same security )NP )PP )NP )VP )VP )S )PP )VP )VP )S )PP )VP . )S  STOP
(NP (NP *UNKC Order )NP : (S (NP (NP This type )NP (PP of (NP order )NP )PP )NP (VP couples (NP (NP many )NP (PP of (NP (NP the orders )NP (VP described (ADVP above )ADVP )VP )NP )PP )NP (PP with (NP instructions (SBAR that (S (NP the order )NP (VP must (VP be (VP carried (PRT out )PRT (PP at or by (NP a certain time )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )S . )NP  STOP
(S `` (NP On the close )NP '' (VP can (VP be (VP added (PP to (NP (NP many types )NP (PP of (NP orders )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (PP For (NP example )NP )PP , `` (NP *UNK- orders )NP '' (VP must )VP (VP be (VP filled (PP during (NP (NP the last few minutes )NP (PP of (NP (NP trading )NP (PP for (NP the day )NP )PP )NP )PP )NP )PP (PP at (NP (NP a price )NP (SBAR (WHNP that )WHNP (S (VP is (PP within (NP (NP the official closing range )NP (PP of (NP prices )NP )PP (SBAR as (S (VP determined (PP by (NP the exchange )NP )PP )VP )S )SBAR )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S `` (NP *UNKLY orders )NP '' (VP are (NP (NP stop orders )NP (SBAR (WHNP that )WHNP (S (ADVP only )ADVP (VP become (ADJP active )ADJP (PP during (NP (NP the closing minutes )NP (PP of (NP trading )NP )PP )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (S `` (NP Day orders )NP '' (VP expire (PP at (NP (NP the end )NP (PP of (NP (NP the day )NP (SBAR (WHPP on (WHNP which )WHNP )WHPP (S (NP they )NP (VP are (VP entered )VP )VP )S )SBAR )NP )PP )NP )PP )VP )S , `` (S (NP *UNKED orders )NP '' (VP have (NP no expiration date )NP )VP )S . )S  STOP
(S (NP Most brokers )NP (VP assume (SBAR that (S (NP all orders )NP (VP are (NP day orders )NP (SBAR unless (S (VP specified (ADVP otherwise )ADVP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP On (NP Oct. 19 , 1987 )NP )PP , (NP some investors )NP (VP learned (NP (NP the consequences )NP (PP of (S (VP (VP entering `` (NP *UNKED limit orders )NP '' )VP and then (VP *UNKING (PP about (NP them )NP )PP )VP )VP )S )PP )NP )VP . )S  STOP
(S (NP They )NP (VP found (SBAR (S (NP they )NP (VP had (VP bought (NP stock )NP (PP from (NP (NP limit orders )NP (SBAR (WHNP that )WHNP (S (NP they )NP (VP (VP might (VP have (VP entered (ADVP (NP weeks or months )NP earlier )ADVP )VP )VP )VP and (VP had (VP forgotten (S (VP to (VP cancel )VP )VP )S )VP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP It )NP )NP (VP is (ADVP always )ADVP (NP (NP the responsibility )NP (PP of (NP investors )NP )PP )NP (S (VP to (VP keep (NP track )NP (PP of (NP (NP the orders )NP (SBAR (S (NP they )NP (VP have (VP placed )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP Investors )NP (SBAR (WHNP who )WHNP (S (VP change (NP their mind )NP (PP about (NP buying or selling )NP )PP (SBAR after (S (NP an order )NP (VP has (VP been (VP filled )VP )VP )VP )S )SBAR )VP )S )SBAR )NP (VP are (PRN , (ADVP usually )ADVP , )PRN (VP stuck (PP with (NP the consequences )NP )PP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP writes (PP on (NP the options and commodities markets )NP )PP (PP for (NP The Wall Street Journal )NP )PP )VP . )S  STOP
(S (PP *UNK (S (VP *UNKC (PRT *UNK )PRT (NP (NP the risks )NP (PP of (NP stock-market investments )NP )PP )NP )VP )S )PP , (NP there )NP (VP 's (ADVP probably )ADVP (NP (NP no starting place )NP (ADJP better (PP than `` (NP *UNK )NP )PP )ADJP )NP )VP . '' )S  STOP
(S But (NP investors )NP (ADVP better )ADVP not (VP ignore (NP its limitations )NP , (ADVP either )ADVP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (NP (NP a handy gauge )NP (SBAR (WHNP that )WHNP (S (VP measures (NP (NP the volatility )NP (PP of (NP a (NX (NX stock )NX or (NX stock mutual fund )NX )NX )NP )PP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP For (NP (NP any given move )NP (PP in (NP the overall market )NP )PP )NP )PP , (NP it )NP (VP suggests (SBAR (WHADVP how *UNKLY )WHADVP (S (NP that particular issue )NP (VP might (VP rise or fall )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC figures )NP (VP are (ADJP (ADJP widely available )ADJP and (ADJP easy (SBAR (S (VP to (VP *UNK )VP )VP )S )SBAR )ADJP )ADJP )VP . )S  STOP
(S (NP (NP The *UNK )NP (PP of (NP the broad market )NP )PP , (VP (ADVP typically )ADVP defined (PP as (NP (NP the Standard & Poor 's )NP 500-stock index )NP )PP )VP , )NP (VP is (ADVP always )ADVP (NP *UNKN )NP )VP . )S  STOP
(S So (S (NP (NP a stock )NP (PP with (NP (NP a *UNK )NP (PP of (NP 0.5 )NP )PP )NP )PP )NP (VP is (ADJP half as volatile )ADJP )VP )S , (S (NP (NP one )NP (PP at (NP 1.5 )NP )PP )NP (VP is (ADJP (NP 50 % )NP more volatile )ADJP )VP )S , and (ADVP so on )ADVP . )S  STOP
(S (NP *UNKC investors )NP (VP should (ADVP generally )ADVP (VP go (PP with (NP (NP stocks )NP (SBAR (WHNP that )WHNP (S (VP have (NP low *UNK )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (VP *UNK (PP with (NP *UNK- stocks )NP )PP (S (VP to (VP get (NP the biggest *UNK )NP (PP from (NP (NP a bet )NP (PP on (NP a *UNK market )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (VP *UNKC (PRN , (ADVP though )ADVP , )PRN (SBAR that (S (NP *UNK )NP (ADVP also )ADVP (VP has (NP important limitations )NP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP *UNKC )NP (VP is (NP (NP only part )NP (PP of (NP (NP the risk )NP (PP in (NP a stock )NP )PP )NP )PP )NP )VP )S , '' (VP says )VP (NP (NP William F. *UNKC )NP , (NP (NP the *UNKC University *UNK professor )NP (SBAR (WHNP who )WHNP (S (VP developed (NP the measure )NP )VP )S )SBAR )NP )NP . )SINV  STOP
(S `` (NP There )NP (VP is (NP (NP risk )NP (SBAR (WHNP that )WHNP (S (VP is not (VP associated (PP with (NP market moves )NP )PP )VP )VP )S )SBAR )NP )VP , and (S (NP the *UNK )NP (VP does n't (VP tell (NP you )NP (NP (NP the *UNK )NP (PP of (NP that )NP )PP )NP )VP )VP )S . '' )S  STOP
(S (PP In (NP particular )NP )PP , (NP beta )NP (VP does n't (VP measure (NP (NP the company )NP - and (NP (NP *UNK- risk )NP (VP associated (PP with (NP an individual stock )NP )PP )VP )NP )NP )VP )VP . )S  STOP
(S (S (NP That `` business '' risk )NP (VP is (ADJP very significant )ADJP (PP for (NP (NP an investor )NP (PP with (NP (QP only a few )QP stocks )NP )PP )NP )PP )VP )S , but (S (NP it )NP (VP (ADVP virtually )ADVP *UNK (PP in (NP a (ADJP large and *UNKED )ADJP portfolio )NP )PP )VP )S . )S  STOP
(S (NP *UNKC )NP (VP is (ADVP also )ADVP (NP (NP a poor indicator )NP (PP of (NP (NP the risk )NP (PP in (NP (NP stock groups )NP (SBAR (WHNP that )WHNP (S (VP march (PP to (NP their own *UNK )NP )PP )VP )S )SBAR )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP particular )NP )PP , (S (NP (NP the prices )NP (PP of (NP (NP gold )NP and (NP other *UNK- stocks )NP )NP )PP )NP (VP *UNK (ADVP up and down )ADVP )VP )S , but (S (NP the stocks )NP (VP tend (S (VP to (VP have (NP low *UNK )NP )VP )VP )S (SBAR because (S (NP their moves )NP (VP are not (ADJP *UNKED )ADJP )VP )S )SBAR )VP )S . )S  STOP
(S (NP *UNKC (SBAR that (S (NP investors )NP (VP could (VP *UNK (NP such *UNK )NP )VP )VP )S )SBAR )NP (VP led (S (NP (NP the American Association )NP (PP of (NP Individual Investors )NP )PP )NP (VP to (VP eliminate (NP (NP beta figures )NP (PP for (NP *UNK- funds )NP )PP )NP (PP in (NP (NP the 1989 edition )NP (PP of (NP its mutual-fund guide )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(SINV `` (S (NP Our fear )NP (VP was (SBAR (S (NP people )NP (VP would (VP (VP look (ADVP just )ADVP (PP at (NP (NP the beta )NP (PRN -LCB- (PP of (NP a gold fund )NP )PP -RCB- )PRN )NP )PP )VP and (VP say (SBAR (SINV (ADVP here )ADVP (VP is )VP (NP (NP an investment )NP (PP with (NP (ADJP very low )ADJP risk )NP )PP )NP )SINV )SBAR )VP )VP )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP John *UNKC )NP , (NP (NP director )NP (PP of (NP research )NP )PP (PP for (NP the Chicago-based group )NP )PP )NP )NP . )SINV  STOP
(S `` (S (PP In (NP reality )NP )PP (NP it )NP (VP 's (ADJP very volatile )ADJP )VP )S , but (S (NP the movements )NP (VP are not (PP because of (NP market movements )NP )PP )VP )S . )S  STOP
(S (ADJP READY (S (VP *UNK (VP *UNKC (NP (NP the *UNK )NP (PP of (NP your investment portfolio )NP )PP )NP )VP )VP )S )ADJP ? )S  STOP
(FRAG (ADVP First )ADVP , (NP a pop *UNK )NP . )FRAG  STOP
(SBARQ (SBAR (WHADVP When )WHADVP (S (NP you )NP (VP think (PP of (NP the words `` risk '' and `` investment )NP )PP )VP )S )SBAR , '' (WHNP what )WHNP (SQ (VP 's (NP (NP the specific *UNK )NP (SBAR (WHNP that )WHNP (S (VP comes (PP to (VP mind )VP )PP )VP )S )SBAR )NP )VP )SQ ? )SBARQ  STOP
(FRAG (NP *UNKC )NP (ADVP down )ADVP . )FRAG  STOP
(S (SBAR If (S (NP you )NP (VP 're (PP like (NP most people )NP )PP )VP )S )SBAR , (NP you )NP (VP said (SBAR (S (NP it )NP (VP 's (NP (NP (NP a holding )NP (SBAR (WHNP that )WHNP (S (VP goes (ADJP completely sour )ADJP )VP )S )SBAR )NP -- maybe (NP (NP (NP a bond )NP (SBAR (WHNP that )WHNP (S (VP defaults )VP )S )SBAR )NP or (NP (NP a stock )NP (SBAR (WHNP whose value )WHNP (S (VP *UNK (PP in (NP a bankruptcy proceeding )NP )PP )VP )S )SBAR )NP )NP )NP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP People )NP (VP tend (S (VP to (VP see (NP risk )NP (ADVP primarily )ADVP (PP on (NP that one *UNK )NP )PP )VP )VP )S )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP national director )NP (PP of (NP personal financial planning )NP )PP (PP for (NP accountants Deloitte , *UNKC & Sells )NP )PP )NP )NP . )SINV  STOP
(SINV But (ADVP *UNK )ADVP (VP lies )VP (NP (NP (NP another aspect )NP (PP of (NP investment risk )NP )PP )NP : (NP (NP the *UNK )NP (PP of (S (VP (VP *UNKING (NP your portfolio )NP (S (VP to (VP avoid (NP (NP (QP one or more )QP types )NP (PP of (NP risk )NP )PP )NP )VP )VP )S )VP and (VP being (VP *UNKED (PP by (NP others )NP )PP )VP )VP )VP )S )PP )NP )NP . )SINV  STOP
(S (NP This )NP (VP is (ADVP clearly )ADVP not (NP good news )NP (PP to (NP (NP all you people )NP (SBAR (WHNP who )WHNP (S (VP *UNK (PP like (NP *UNK )NP )PP (NP every night )NP , (S (VP *UNKED (PP by (NP (NP *UNK )NP (PP of (NP (NP your money )NP (VP sitting (ADVP *UNK- )ADVP (PP in (NP six-month CDs )NP )PP )VP )NP )PP )NP )PP )VP )S )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP *UNK (NP many *UNK )NP )VP )S , and (S (NP (NP investments )NP (SBAR (WHNP that )WHNP (S (VP are (ADJP low (PP in (NP (NP one type )NP (PP of (NP obvious risk )NP )PP )NP )PP )ADJP )VP )S )SBAR )NP (VP can (VP be (ADJP *UNKLY high (PP in (NP other , (ADJP less obvious )ADJP kinds )NP )PP )ADJP )VP )VP )S . )S  STOP
(S (NP U.S. Treasury bonds )NP , (PP for (NP example )NP )PP , (VP are (NP *UNK )NP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP comes (PP to (S (VP returning (NP money )NP (PP at (NP maturity )NP )PP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP their value )NP (PP as (NP investments )NP )PP )NP (VP can (VP be (VP *UNKED (PP by (NP (NP inflation )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP (NP the purchasing power )NP (PP of (NP (NP bonds ' )NP *UNK- interest payments )NP )PP )NP )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (ADVP also )ADVP (NP (NP a function )NP (PP of (NP time )NP )PP )NP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP financial professionals )NP (VP measure (NP risk )NP (ADVP *UNKLY )ADVP )VP )S )SBAR , (NP they )NP (ADVP usually )ADVP (VP focus (PP on (NP (NP the volatility )NP (PP of (NP short-term returns )NP )PP )NP )PP )VP . )S  STOP
(S (NP Stocks )NP (VP are (ADJP (ADJP much riskier )ADJP (PP than (NP Treasury bills )NP )PP )ADJP (PRN , (PP for (NP example )NP )PP , )PRN (SBAR because (S (NP (NP the range )NP (PP in (NP performance )NP )PP (PP (PP from (NP the best years )NP )PP (PP to (NP the worst )NP )PP )PP )NP (VP is (ADJP much wider )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP is (ADVP usually )ADVP (VP measured (PP by (NP (NP (NP the standard *UNK )NP , or (NP *UNK )NP , )NP (PP of (NP annual results )NP )PP (PP from (NP (NP the average return )NP (PP over (NP time )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S But (NP (NP investors )NP (SBAR (WHNP who )WHNP (S (VP are (VP *UNKED (PP with (NP short-term fluctuations )NP )PP )VP )VP )S )SBAR )NP (VP may (VP be (VP paying (NP too little attention )NP (PP to (NP (NP another big risk )NP -- (S not (VP *UNKING (NP enough money (S (VP to (VP meet (NP long-term financial and *UNK- goals )NP )VP )VP )S )NP )VP )S )NP )PP )VP )VP )VP . )S  STOP
(S (S (PP For (NP instance )NP )PP , (NP some investors )NP (VP have (VP *UNK (PRT off )PRT (NP stocks )NP (PP since (NP the 1987 market crash )NP )PP )VP )VP )S ; (S (NP (NP last Friday 's )NP debacle )NP (ADVP only )ADVP (VP *UNKED (NP those feelings )NP )VP )S . )S  STOP
(S But (NP the stock market )NP , (PP despite (NP some *UNKING declines )NP )PP , (VP has (VP (ADVP far )ADVP *UNKED (NP other securities )NP (PP over (NP extended periods )NP )PP )VP )VP . )S  STOP
(S (PP By (S (VP *UNKING (PP to (NP (NP the apparent security )NP (PP of (PRN , (ADVP say )ADVP , )PRN (NP money-market funds )NP )PP )NP )PP )VP )S )PP , (NP investors )NP (VP may not (VP be (VP earning (NP enough investment return (S (VP to (VP pay (PP for (NP a comfortable retirement )NP )PP )VP )VP )S )NP )VP )VP )VP . )S  STOP
(SINV `` (S (NP That )NP (VP 's (NP (NP (NP the biggest risk )NP (PP of (NP all )NP )PP )NP -- (NP (NP the risk )NP (PP of (S not (VP meeting (NP your objectives )NP )VP )S )PP )NP )NP )VP )S , '' (VP says )VP (NP (NP Steven B. *UNKC )NP , (NP (NP a New York financial planner )NP (PP with (NP Seidman Financial Services )NP )PP )NP )NP . )SINV  STOP
(S (PP As (NP a result )NP )PP , (NP financial advisers )NP (VP say (SBAR (S (NP they )NP (VP take (NP several steps )NP (SBAR (WHADVP when )WHADVP (S (VP evaluating (NP (NP the *UNK )NP (PP of (NP (NP clients ' )NP portfolios )NP )PP )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP estimate (NP (NP (NP the return )NP (SBAR (S (NP (NP a person 's )NP current portfolio )NP (VP is (ADJP likely (S (VP to (VP generate (PP over (NP time )NP )PP )VP )VP )S )ADJP )VP )S )SBAR )NP , (CONJP along with )CONJP (NP (NP a standard *UNK )NP (SBAR (WHNP that )WHNP (S (VP suggests (SBAR (WHNP how much )WHNP (S (NP the return )NP (VP will (VP vary (NP (NP year )NP (PP by (NP year )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (NP They )NP (VP try (S (VP to (VP figure (PRT out )PRT (NP (NP the long-term results )NP (SBAR (S (NP the person )NP (VP needs (S (VP to (VP meet (NP major goals )NP )VP )VP )S )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S And (NP they )NP (VP *UNK (NP (NP types )NP (PP of (NP risk )NP )PP (SBAR (WHNP that )WHNP (S (VP are not (VP (ADVP easily )ADVP *UNKED )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP The portfolios )NP (PP of (NP (NP two *UNK families )NP , (NP (NP (NP one )NP (NP (NP a couple )NP (PP at (NP retirement age )NP )PP )NP )NP and (NP (NP another )NP (NP (NP a *UNK- couple )NP (PP at (NP age 45 )NP )PP )NP )NP )NP , )NP )PP )NP (VP illustrate (NP (NP several types )NP (PP of (NP risk )NP )PP (SBAR (WHNP that )WHNP (S (NP investors )NP (VP need (S (VP to (VP consider )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (PP For (NP instance )NP )PP , (NP (NP the insured municipal bonds )NP (SBAR (WHNP that )WHNP (S (VP dominate (NP (NP the older couple 's )NP portfolio )NP )VP )S )SBAR )NP (VP were (ADVP probably )ADVP (VP selected (PP in (NP large part )NP )PP (PP for (NP their low repayment risk )NP )PP )VP )VP . )S  STOP
(S But (NP they )NP (VP *UNK (NP the holders )NP (PP to (NP (NP a lot )NP (PP of (NP (NP inflation risk )NP and (NP interest-rate risk )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The younger couple 's )NP *UNK )NP (VP involve (NP (NP more risk )NP (PP than (NP a diversified stock portfolio )NP )PP )NP (SBAR because (S (NP (NP the bulk )NP (PP of (NP the money )NP )PP )NP (VP is (PP in (NP a single issue )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (VP *UNKC (SBAR that (S (NP (NP the younger couple 's )NP portfolio )NP (VP has (NP (NP a higher expected annual return )NP , (NP (NP *UNKN % )NP (PP vs. (NP 8.8 % )NP )PP )NP , (SBAR as (S (VP calculated (PP by (NP (NP Seidman Financial Services )NP , (SBAR (WHNP which )WHNP (S (VP is (NP (NP the *UNKING affiliate )NP (PP of (NP *UNKC Seidman )NP )PP )NP )VP )S )SBAR )NP )PP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP (ADVP largely )ADVP reflects (NP the heavy *UNK )NP )VP . )S  STOP
(S But (NP (NP one price )NP (VP paid (PP for (NP the higher expected return )NP )PP )VP )NP (VP is (NP greater short-term volatility )NP , (SBAR as (S (VP reflected (PP in (NP (NP the higher standard *UNK )NP (SBAR (WHNP that )WHNP (S (NP Seidman )NP (VP estimates (PP for (NP (NP the younger couple 's )NP portfolio )NP )PP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(S -LRB- (SINV (ADVP Here )ADVP (VP 's )VP (SBAR (WHADVP how )WHADVP (S (VP to (VP interpret (NP a standard *UNK figure )NP )VP )VP )S )SBAR )SINV : (S (VP (VP Take (NP the expected return )NP )VP and (VP add (NP one standard deviation )NP (PP to (NP it )NP )PP )VP )VP )S . )S  STOP
(S Then (VP (VP take (NP the expected return )NP )VP and (VP *UNK (NP one standard deviation )NP )VP )VP . )S  STOP
(S (PP In (NP (QP two of three )QP years )NP )PP , (NP the actual result )NP (VP should (VP fall (PP within (NP that range )NP )PP (SBAR if (S (NP all the assumptions )NP (VP were (ADJP accurate )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S Then (VP add and *UNK (NP two standard *UNK )NP (S (VP to (VP get (NP a wider range )NP )VP )VP )S )VP . )S  STOP
(S (NP There )NP (VP 's (NP a (ADJP 95 % )ADJP *UNK (SBAR (S (NP (NP any year 's )NP result )NP (VP will (VP fall (PP in (NP the range )NP )PP )VP )VP )S )SBAR )NP )VP . -RRB- )S  STOP
(S (PP Of (NP course )NP )PP , (NP (NP the greater volatility )NP (PP of (NP (NP the younger couple 's )NP portfolio )NP )PP )NP (VP does n't (ADVP necessarily )ADVP (VP mean (SBAR (S (NP those investments )NP (VP are (ADJP riskier )ADJP (PP in (NP (NP terms )NP (PP of (S (VP meeting (NP (NP the holders ' )NP long-term goals )NP )VP )S )PP )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP Indeed )ADVP , (NP (NP the older couple 's )NP portfolio )NP (VP could (ADVP actually )ADVP (VP be (ADJP riskier )ADJP (PP in (NP that sense )NP )PP (SBAR if (S (NP the expected return )NP (VP wo n't (VP generate (NP enough dollars (S (VP to (VP meet (NP their spending plans )NP )VP )VP )S )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(SINV `` (S (NP They )NP (VP may (VP feel (ADJP *UNKLY secure )ADJP (ADVP now )ADVP (SBAR because (S (NP they )NP (VP are not (PP (ADVP heavily )ADVP in (NP the stock market )NP )PP )VP )S )SBAR )VP )VP )S , '' (VP says )VP (NP (NP John H. *UNKC )NP , (NP (NP a financial planner )NP (PP with (NP (NP *UNKC Armstrong *UNKC Inc. )NP (PP in (NP Washington )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` But (NP they )NP (VP may (VP pay (NP a price )NP (PP (NP 10 or 20 years )NP in (NP the future )NP )PP )VP )VP . '' )S  STOP
(S (NP Ms. *UNKC )NP (VP reports (PP on (NP personal finance )NP )PP (PP from (NP (NP The Wall Street Journal 's )NP New York bureau )NP )PP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP it )NP (VP comes (PP to (NP investing )NP )PP )VP )S )SBAR , (S (S (VP trying (S (VP to (VP weigh (NP risk and reward )NP )VP )VP )S )VP )S (VP can (VP seem (PP like (S (VP throwing (NP *UNK )NP (ADVP *UNKED )ADVP )VP )S )PP )VP )VP )S : (S (NP Investors )NP (VP do n't (VP know (NP (NP (NP the actual returns )NP (SBAR (WHNP that )WHNP (S (NP securities )NP (VP will (VP deliver )VP )VP )S )SBAR )NP , or (NP (NP the *UNK and *UNK )NP (SBAR (WHNP that )WHNP (S (VP will (VP occur (PP along (NP the way )NP )PP )VP )VP )S )SBAR )NP )NP )VP )VP )S . )S  STOP
(S (S (VP Looking (PP to (NP the past )NP )PP )VP )S (VP can (VP provide (NP some *UNK )NP )VP )VP . )S  STOP
(S (PP Over (NP several decades )NP )PP , (PP for (NP instance )NP )PP , (NP (NP investors )NP (SBAR (WHNP who )WHNP (S (VP put (PRT up )PRT (PP with (NP (NP the stock market 's )NP gyrations )NP )PP )VP )S )SBAR )NP (VP earned (NP (NP returns )NP (PP (ADVP far )ADVP in (NP (NP excess )NP (PP of (NP (NP those )NP (PP on (NP (NP bonds )NP and (NP (NP `` cash '' investments )NP (PP like (NP Treasury bills )NP )PP )NP )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S But (SBAR while (S (NP history )NP (VP can (VP suggest (SBAR (WHNP what )WHNP (S (VP is (ADJP reasonable (SBAR (S (VP to (VP expect )VP )VP )S )SBAR )ADJP )VP )S )SBAR )VP )VP )S )SBAR (NP there )NP (VP 's (NP no guarantee (SBAR that (S (NP the past )NP (VP will (VP repeat (NP itself )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP For (NP instance )NP )PP , (NP some analysts )NP (VP believe (SBAR (S (NP bond returns and volatility )NP (VP have (VP moved (ADJP *UNKLY closer (PP to (NP (NP those )NP (PP of (NP the stock market )NP )PP )NP )PP )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S And (NP (NP returns )NP (PP on (NP cash investments )NP )PP )NP (VP may (VP continue (S (VP to (VP exceed (NP inflation )NP (PP by (NP (NP a wider margin )NP (SBAR than (S (NP they )NP (VP did (VP (PP over (NP the long-term past )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP . )S  STOP
(NP (NP Portfolio A )NP : (NP (NP (NP *UNKED couple )NP , (NP age 65 )NP )NP ; (NP (ADJP $ 400,000 )ADJP portfolio )NP )NP . )NP  STOP
(NP (NP Portfolio B )NP : (NP (NP (NP *UNKC couple )NP , (NP age 45 )NP )NP ; (NP (ADJP $ 150,000 )ADJP portfolio )NP )NP . )NP  STOP
(S (NP (NP A letter )NP (PP from (NP Senator John *UNKC )NP )PP )NP (VP *UNK (NP us )NP (NP today )NP (PP for (S (VP *UNKING (SBAR that (S (NP he )NP (VP had (VP `` *UNKED '' (PP on (NP Manuel Noriega )NP )PP )VP )VP )S )SBAR )VP )S )PP )VP . )S  STOP
(S (NP He )NP (VP (ADVP *UNKLY )ADVP says (SBAR (S (NP he )NP (VP has (VP been (ADJP down (PP on (NP Noriega )NP )PP )ADJP (PP for (NP some time )NP )PP , (FRAG (ADVP *UNK )ADVP (NP (NP his criticism )NP (PP of (NP (NP administration *UNKING )NP (PP of (NP the attempted coup )NP )PP )NP )PP )NP )FRAG )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Our (NAC October 12 )NAC editorial )NP (VP should (VP have (VP been (ADJP more precise )ADJP )VP )VP )VP . )S  STOP
(S (NP It )NP (VP meant (S (VP to (VP *UNK (NP our hope (SBAR that (S (NP (NP the Senator )NP and (NP (NP other members )NP (PP of (NP the congressional left )NP )PP )NP )NP (VP are (VP *UNKING (NP (NP their *UNK )NP (PP of (NP Noriega )NP )PP )NP (S (VP to (VP include (NP other *UNK Central American drug *UNK )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP The *UNKC )NP (PP of (NP Nicaragua )NP )PP )NP , (PP for (NP example )NP )PP , (ADVP also )ADVP (VP are (NP (NP part )NP (PP of (NP the *UNKC *UNK *UNK )NP )PP )NP )VP . )S  STOP
(S (PP (PP In (NP his letter )NP )PP and (PP on (NP (NP the basis )NP (PP of (NP (NP his losing vote )NP (NP Tuesday )NP (PP against (NP (NP U.S. aid )NP (PP for (NP the Nicaraguan opposition )NP )PP )NP )PP )NP )PP )NP )PP )PP , (NP Senator *UNKC )NP (VP makes (S (ADJP clear )ADJP (SBAR (S (NP he )NP (VP has not (VP made (NP that intellectual *UNK )NP )VP )VP )S )SBAR )S )VP . )S  STOP
(S (NP We )NP (VP were (ADJP wrong )ADJP )VP . )S  STOP
(S (PP *UNKC (NP THE 1980s )NP )PP , (NP investors )NP (VP have (VP been (VP looking (PP for (NP (NP creative alternatives )NP (PP to (NP (NP traditional *UNK )NP (PP of (NP financial planning )NP )PP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (S (NP Capital )NP (VP has (VP been (VP *UNKED )VP )VP )VP )S , and (S (NP people )NP (VP want (PRT in )PRT )VP )S . )S  STOP
(S (ADVP *UNKC often )ADVP , (ADVP however )ADVP , (NP small investors )NP (VP are (VP left (PP with (NP (NP the same *UNK solutions )NP (SBAR (WHNP that )WHNP (S (VP appealed (PP to (NP (NP previous generations )NP (PP of (NP *UNK strategists )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (ADVP Now )ADVP (NP (NP a *UNKING new approach )NP )NP (VP is (ADJP available )ADJP (PP to (S (VP building (NP your financial portfolio )NP (PP (PP without (NP *UNK risk )NP )PP , (PP without (NP extensive planning )NP )PP and (PP without (S (VP hurting (NP your life style )NP (NP one bit )NP )VP )S )PP )PP )VP )S )PP )VP ! )S  STOP
(S (NP This )NP (VP is (NP (ADJP particularly good )ADJP news )NP (PP for (NP (NP those )NP (SBAR (SBAR (WHNP who )WHNP (S (VP hate (NP risk )NP )VP )S )SBAR , (SBAR (WHNP who )WHNP (S (VP are (ADJP *UNK (PP of (S (VP doing (NP (NP extensive amounts )NP (PP of (NP planning )NP )PP )NP )VP )S )PP )ADJP )VP )S )SBAR and (SBAR (WHNP who )WHNP (S (VP refuse (S (VP to (VP see (S (NP their life styles )NP (VP hurt (PP in (NP any way )NP )PP )VP )S )VP )VP )S )VP )S )SBAR )SBAR )NP )PP )VP . )S  STOP
(S (NP You )NP (VP know (SBAR (WHNP who )WHNP (S (NP you )NP (VP are )VP )S )SBAR )VP . )S  STOP
(S (NP My revolutionary system )NP (VP is (ADVP also )ADVP (ADJP useful )ADJP (PP for (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP have (VP tried (NP (NP *UNK forms )NP (PP of (S (VP growing (NP their currency cushion )NP )VP )S )PP )NP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP Like (NP (NP all Americans )NP (VP seeking (NP *UNK *UNK )NP )VP )NP )PP , (NP I )NP (VP do (VP find (S (NP (NP it )NP )NP (ADJP necessary )ADJP (S (VP to (VP plunge (NP certain funds )NP (PP into (NP conservative monetary tools )NP )PP , (SBAR if only (S (VP to (VP *UNK (NP (NP my *UNK- )NP , (SBAR (WHNP who )WHNP (S (VP believes (PP in (NP such things )NP )PP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )VP )S )S )VP )VP . )S  STOP
(S So (PP throughout (NP the decade )NP )PP (NP I )NP (VP have (VP (VP maintained (NP (NP my share )NP (PP of (NP (NP individual retirement accounts )NP and (NP CDs )NP )NP )PP )NP )VP , and (VP *UNKED (PP with (NP (NP stocks )NP , (NP bonds )NP and (NP mutual funds )NP )NP )PP )VP , (FRAG (CONJP as well as )CONJP (S (VP *UNKING (NP (NP my necessary position )NP (PP in (NP the residential real-estate market )NP )PP )NP )VP )S )FRAG )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP on (NP this fine portfolio )NP )PP )NP (VP has (VP been (ADJP modest )ADJP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP has not (VP been (ADJP negative )ADJP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP *UNKC 1 )NP (VP *UNK (NP (NP the performance )NP (PP of (NP (NP those businesses )NP (SBAR (S (NP I )NP (VP 've (VP invested (PP in )PP (PP during (NP this *UNK decade )NP )PP )VP )VP )S )SBAR )NP )PP )NP (PRN -LRB- (S (VP see (NP (NP accompanying illustration )NP -- (NP WSJ Oct. 20 , 1989 )NP )NP )VP )S -RRB- )PRN )VP . )S  STOP
(S (NP *UNKED properties )NP (VP suffered (NP a huge decline )NP (SBAR until (S (NP I )NP (VP *UNKED (NP myself )NP (PP of (NP all such stocks )NP )PP (PP in (NP (NP 1985 )NP , (SBAR (WHPP at (WHNP which point )WHNP )WHPP (S (NP the industry )NP , (SBAR while (S not (VP *UNKING (PRT up )PRT (NP any Christmas trees )NP )VP )S )SBAR , (VP began (NP a slow recovery )NP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (ADVP *UNKC )ADVP , (NP mutual funds )NP (VP remained (ADJP relatively flat )ADJP (SBAR until (S (NP I )NP (VP made (SBAR (WHNP what )WHNP (S (VP was , (PP for (NP me )NP )PP , (NP a serious investment )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP By (NP 1987 )NP )PP , (NP these properties )NP (VP were (PP in (NP a *UNK )NP )PP , (S (VP causing (S (NP (NP my broker )NP (PP at (NP *UNKC )NP )PP )NP (VP to (VP *UNK (SBAR that (S (NP she )NP (VP 'd `` (ADVP never )ADVP (VP seen (NP (NP anything )NP (PP like (NP it )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )VP )S )VP . '' )S  STOP
(S (S (S (ADJP *UNKED (PP for (NP (NP her state )NP (PP of (NP mind )NP )PP )NP )PP )ADJP )S , (NP I )NP (VP dropped (NP them )NP )VP )S -- and (S (NP the market )NP (ADVP *UNKLY )ADVP (VP began (NP (NP its steady climb )NP (ADVP back (PP to (NP health )NP )PP )ADVP )NP )VP )S . )S  STOP
(SINV (ADVP Perhaps )ADVP (ADJP most dramatic )ADJP (VP was )VP (NP (NP the performance )NP (PP of (NP (NP the metropolitan New York real-estate market )NP , (SBAR (WHNP which )WHNP (S (VP was (VP booming (SBAR until (S (NP I )NP (VP entered (NP it )NP (PP in (NP (NP late 1988 )NP , (SBAR (WHPP at (WHNP which time )WHNP )WHPP (S (NP it )NP (VP posted (NP (NP the first negative compound annual growth rate )NP (PP in (NP years )NP )PP )NP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )NP . )SINV  STOP
(S (S (ADJP *UNKED )ADJP )S , (S (NP I )NP (VP cast (PRT around )PRT (PP for (NP (NP a different way )NP (SBAR (S (VP to (VP plan (NP my asset distribution )NP )VP )VP )S )SBAR )NP )PP )VP )S , and (S (PP with (NP (ADJP hardly any )ADJP heavy *UNKING )NP )PP (NP (NP the answer )NP )NP (VP struck (NP me )NP : (S (NP I )NP (VP was (VP doing (NP it )NP (ADVP already )ADVP )VP )VP )S )VP )S ! )S  STOP
(S (NP We )NP (VP 've all (VP got (NP (NP money )NP (SBAR (S (VP to (VP spend )VP )VP )S )SBAR , (NP (NP some )NP (PP of (NP it )NP )PP (ADJP clearly disposable (SBAR since (S (NP we )NP (VP keep (VP *UNKING (PP of (NP it )NP )PP )VP )VP )S )SBAR )ADJP )NP )NP )VP )VP . )S  STOP
(S (VP Bank (NP it )NP )VP ? )S  STOP
(ADVP Not really ! )ADVP  STOP
(S (VP *UNKC (NP it )NP (ADVP away )ADVP (PP in (NP long-term instruments )NP )PP )VP ? )S  STOP
(NP *UNKC ! )NP  STOP
(S (NP Daily living )NP (VP is (NP the (ADJP best possible )ADJP investment )NP )VP ! )S  STOP
(S (S (NP Your priorities )NP (VP may (VP be (ADJP different )ADJP )VP )VP )S , but (S (SINV (ADVP here (PP in (NP *UNKC 2 )NP )PP )ADVP (VP is )VP (SBAR (WHADVP where )WHADVP (S (NP I )NP (VP 've (VP chosen (S (VP to (VP build (PP for (NP the future )NP )PP )VP )VP )S )VP )VP )S )SBAR )SINV : (FRAG (NP (NP personal space )NP ; (NP automotive *UNK )NP ; (NP (NP children 's )NP *UNK )NP ; (NP (NP *UNKING equipment )NP , (NP *UNK and *UNK )NP )NP ; and (ADVP finally )ADVP , (NP (NP entertainment )NP , (NP (ADVP perhaps )ADVP (NP the best investment )NP (PP of (NP all )NP )PP )NP )NP )NP )FRAG )S . )S  STOP
(S (NP All )NP (VP (VP have (VP paid (PRT off )PRT (PP for (NP me )NP )PP (PP in (NP double-digit annual growth )NP )PP )VP )VP and (VP continue (S (VP to (VP provide (NP significant potential )NP )VP )VP )S )VP )VP . )S  STOP
(FRAG (ADVP At least )ADVP , (PP according (PP to (NP my calculations )NP )PP )PP . )FRAG  STOP
(S (NP (NP Personal space )NP (PRN -LRB- (NP *UNKC 3 )NP -RRB- )PRN )NP (VP has (VP grown (NP 35 % )NP (ADVP annually )ADVP (PP over (NP (NP the course )NP (PP of (NP the decade )NP )PP )NP )PP , (NP (NP a performance )NP (SBAR (WHNP that )WHNP (S (VP would (VP compare (ADVP *UNKLY )ADVP (PP with (NP (NP an investment )NP (PP in (PRN , (ADVP say )ADVP , )PRN (NP (NP *UNK- products )NP (PP for (NP (NP the *UNK )NP (PP of (NP *UNK- vehicles )NP )PP )NP )PP , (SBAR (WHNP which )WHNP (S (NP my *UNK )NP (VP (VP got (PP into )PP )VP and (VP (ADVP sort of )ADVP *UNK (PP to (NP this day )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP The *UNK )NP (PP of (NP (NP expensive children 's )NP *UNK )NP )PP (SBAR (WHNP that )WHNP (S (NP I )NP (VP have (VP purchased (ADVP *UNKLY )ADVP (PP at (NP (NP a host )NP (PP of (NP *UNK- brokerage firms )NP )PP )NP )PP )VP )VP )S )SBAR )NP (PRN -LRB- (NP *UNKC 4 )NP -RRB- )PRN (VP has (VP increased (ADVP *UNKLY )ADVP (PP in (NP total asset value )NP )PP (PP (ADVP far )ADVP beyond (NP (NP any personal investment )NP (PP except , (ADVP perhaps )ADVP , (PP for (NP (NP my record collection )NP , (SBAR (WHNP whose worth )WHNP (PRN , (S (NP I )NP (VP think (SBAR (S (NP (NP it )NP )NP (VP 's (ADJP safe )ADJP (S (VP to (VP say )VP )VP )S )VP )S )SBAR )VP )S , )PRN (S (VP is (ADJP *UNK )ADJP )VP )S )SBAR )NP )PP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKED investment )NP (PP in (NP my 1984 *UNK )NP )PP )NP (VP has (VP been (NP (NP part )NP (PP of (NP my strategy )NP )PP )NP (PRN -LRB- (NP *UNKC 5 )NP -RRB- )PRN , (PP with (S (NP present annual contributions )NP (ADVP now )ADVP (VP equaling (NP (NP (QP more than 60 )QP % )NP (PP of (NP (NP the car 's )NP original value )NP )PP )NP )VP )S )PP )VP )VP . )S  STOP
(S (PP According (PP to (NP my calculations )NP )PP )PP , (NP these outlays )NP (VP should (VP have (VP brought (NP (NP the value )NP (PP of (NP my sedan )NP )PP )NP (PP to (NP (QP more than $ *UNKN )QP )NP )PP (PP on (NP (NP the open market )NP (PRN -LRB- (NP *UNKC 6 )NP -RRB- )PRN , (SBAR (WHADVP where )WHADVP (S (NP I )NP (VP plan (S (VP to (VP offer (NP it )NP (ADVP shortly )ADVP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP my living space )NP )PP )NP (VP has (VP produced (NP (NP an obvious need )NP (PP for (NP (NP maintenance and construction )NP (PP of (NP (NP *UNK (NX (NX *UNK )NX , (NX *UNK )NX and (NX *UNK )NX )NX )NP (ADJP *UNKING (PP to (NP its suburban *UNK )NP )PP )ADJP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP I )NP (VP have (ADVP thus )ADVP (VP committed (NP sufficient personal *UNK )NP (S (VP to (VP ensure (SBAR that (S (NP my grounds and *UNK )NP (VP will (ADVP never )ADVP (VP be (ADJP short (PP of (NP *UNK and *UNK )NP )PP )ADJP )VP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP My initial stake )NP (PP in (NP this *UNKING *UNK )NP )PP )NP (VP has (VP grown (ADVP *UNK )ADVP , (PP according (PP to (NP my conservative calculations )NP )PP )PP )VP )VP . )S  STOP
(S (PP At (NP the same time )NP )PP , (NP (NP my share )NP (PP in (NP (NP a wide variety )NP (PP of (NP entertainment *UNK )NP )PP )NP )PP )NP (VP has (VP given (NP (NP perhaps the (ADJP most dramatic )ADJP demonstration )NP (PP of (NP (NP the benefits )NP (PP of (NP creative personal financial planning )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (PP Over (NP (NP the course )NP (PP of (NP the decade )NP )PP )NP )PP , (PP for (NP instance )NP )PP , (NP (NP my return )NP (PP on (NP (NP investment )NP (PP in (NP (NP the area )NP (PP of (NP *UNK )NP )PP (ADVP alone )ADVP )NP )PP )NP )PP )NP (PRN -LRB- (NP *UNKC *UNK and *UNK )NP -RRB- )PRN (VP has (VP been (ADJP most impressive )ADJP , (S (VP showing (NP *UNK annual expansion )NP (PP with (PRN -- (PP given (NP (NP the way )NP (SBAR (S (NP my associates )NP (VP play )VP )S )SBAR )NP )PP -- )PRN (NP (NP no sign )NP (PP of (NP *UNK )NP )PP (UCP (PP into (NP the 1990s )NP )PP and (ADVP beyond )ADVP )UCP )NP )PP )VP )S )VP )VP . )S  STOP
(S (PP With (NP (NP this personal strategy )NP (PP (ADVP firmly )ADVP in (NP place )NP )PP )NP )PP , (NP I )NP (VP look (ADVP forward )ADVP (PP to (NP (NP years )NP (PP of (NP (NP fine *UNK- investments )NP and (NP increasing widespread leverage )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP My kids ' )NP college education )NP (VP *UNK (PP as (NP (NP perhaps the greatest future opportunity )NP (PP for (NP spending )NP )PP )NP )PP , (SBAR although (S (NP I )NP (VP 'll (ADVP probably )ADVP (VP have (S (VP to (VP cash (PRT in )PRT (NP their toy portfolio )NP )VP )VP )S (S (VP to (VP take (NP advantage )NP (PP of (NP it )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S But (PP with (NP (NP every step )NP (SBAR (S (NP I )NP (VP take )VP )S )SBAR )NP )PP , (NP I )NP (VP 'm (VP building (NP wealth )NP )VP )VP . )S  STOP
(S (NP You )NP (VP can (VP , (ADVP too )ADVP , (SBAR if (S (NP you )NP , (PP like (NP me )NP )PP , (VP refuse (S (VP to (VP *UNK (NP the bullet )NP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S So (VP (VP go (ADVP out there )ADVP )VP and (VP eat (NP that debt )NP )VP )VP . )S  STOP
(S (NP You )NP (VP 're (NP (NP right there )NP (PP in (NP (NP the mainstream )NP (PP of (NP American business )NP )PP )NP )PP )NP , (S (VP building (NP value )NP (PP on (NP (NP the back )NP (PP of (NP *UNK expenditures )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (NP Henry Kravis )NP , (VP watch (PRT out )PRT )VP ! )S  STOP
(S (NP Mr. *UNKC )NP (VP is (NP (NP a business executive and writer )NP (PP in (NP New York )NP )PP )NP )VP . )S  STOP
(S (SBAR (WHADVP *UNKC )WHADVP (S (NP *UNKC *UNKC )NP (VP was (NP just a *UNK )NP )VP )S )SBAR (NP his father )NP (VP gave (NP him )NP (NP (NP a piece )NP (PP of (NP career advice )NP )PP )NP )VP . )S  STOP
(SINV `` (S (NP He )NP (VP told (NP me )NP (S (VP to (VP choose (NP (NP an area )NP (SBAR (WHADVP where )WHADVP (S (PP (ADVP just )ADVP by (S (VP being (ADJP *UNK )ADJP )VP )S )PP (NP I )NP (VP could (VP be (ADJP great )ADJP )VP )VP )S )SBAR )NP )VP )VP )S )VP )S , '' (VP recalls )VP (NP (NP Mr. *UNKC )NP , (ADVP now )ADVP (NP 40 )NP )NP . )SINV  STOP
(S (NP He )NP (VP (VP tried (NP management consulting )NP )VP , (VP traded (PP in (NP *UNK )NP )PP (PP for (NP a while )NP )PP )VP , and (ADVP even )ADVP (VP managed (NP professional *UNK )NP )VP )VP . )S  STOP
(S (ADVP Now )ADVP (NP he )NP (VP has (VP settled (PP into (NP (NP a career )NP (SBAR (WHNP that )WHNP (S (VP fits (NP the bill )NP )VP )S )SBAR -- (NP financial planning )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP should (VP be (VP noted (SBAR that (S (NP (NP Mr. Schwartz )NP , (SBAR (WHNP who )WHNP (S (VP operates (ADVP out (PP of (NP (NP *UNKC )NP , (NP Colo. )NP )NP )PP )ADVP )VP )S )SBAR , )NP (VP is (NP (NP a *UNK sort )NP (SBAR (WHNP who )WHNP (S (VP likes (S (VP to (VP give (NP his colleagues )NP (NP the *UNK )NP )VP )VP )S )VP )S )SBAR )NP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S But (PP in (NP this case )NP )PP (NP the *UNK )NP (VP has (NP a (ADJP very sharp )ADJP point )NP )VP . )S  STOP
(S (SBAR Though (S (NP (NP it )NP )NP (VP 's (ADVP probably )ADVP (ADJP safe )ADJP (S (VP to (VP assume (SBAR that (S (NP (NP the majority )NP (PP of (NP financial planners )NP )PP )NP (VP are (ADJP (ADJP *UNK )ADJP and even (ADJP reasonably *UNK )ADJP )ADJP )VP )S )SBAR )VP )VP )S )VP )S )SBAR , (NP the fact )NP (VP remains (SBAR that , (S (SBAR as (S (NP one *UNK )NP (VP puts (NP it )NP )VP )S )SBAR , `` (NP (NP anybody )NP (SBAR (WHNP who )WHNP (S (VP can (VP *UNK (NP a *UNK )NP )VP )VP )S )SBAR )NP '' (VP can (VP call (S (NP himself )NP (NP a financial planner )NP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP *UNKC )NP (ADVP now )ADVP (VP influence (NP (NP the investment )NP (PP of (NP (QP several hundred billion )QP dollars )NP )PP )NP )VP )S , but (S (PP in (NP effect )NP )PP (NP they )NP (VP operate (PP in (NP the dark )NP )PP )VP )S . )S  STOP
(S (NP There )NP (VP is (NP (NP (NP no effective regulation )NP (PP of (NP planners )NP )PP )NP , (NP (NP no accepted standard )NP (PP for (NP (NP admission )NP (PP into (NP their ranks )NP )PP )NP )PP (PRN -- (S (NP a dog )NP (VP got (PP into (NP one trade group )NP )PP )VP )S -- )PRN )NP (NP (NP no way )NP (SBAR (S (VP to (VP assess (NP their performance )NP )VP )VP )S )SBAR )NP , (NP (NP no way )NP even (SBAR (S (VP to (VP know (SBAR (WHNP (NP how many )NP (PP of (NP them )NP )PP )WHNP (S (NP there )NP (VP are (PRN -LRB- (S (NP estimates )NP (VP range (PP (PP from (NP 60,000 )NP )PP (PP to (NP *UNKN )NP )PP )PP )VP )S -RRB- )PRN )VP )S )SBAR )VP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (NP (NP All )NP (SBAR (S (NP anyone )NP (VP need (VP do )VP )VP )S )SBAR )NP (VP is (S (VP (VP *UNK (PRT up )PRT (NP a *UNK )NP )VP and (VP start (S (VP planning )VP )S )VP )VP )S )VP . )S  STOP
(S So (NP (NP it )NP )NP (VP should (VP come (PP as (NP no shock )NP )PP (SBAR that (S (NP the profession )NP , (SBAR if (S (NP that )NP (VP 's (SBAR (WHNP what )WHNP (S (NP it )NP (VP is )VP )S )SBAR )VP )S )SBAR , (VP has (VP attracted (NP (NP a lot )NP (PP of (NP (NP people )NP (SBAR (WHNP whose principal *UNK )WHNP (S (VP seem (S (VP to (VP be (S (VP (VP *UNKING (PRT away )PRT )VP or (VP (ADVP *UNK- )ADVP *UNKING )VP (NP (NP their clients ' )NP money )NP )VP )S )VP )VP )S )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (ADJP *UNKED )ADJP )S , (NP (UCP state and federal )UCP authorities )NP (VP are (VP trying (S (VP to (VP *UNK (NP (NP ways )NP (SBAR (S (VP to (VP *UNK and regulate (NP planners )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP (NP Industry groups )NP and (NP (NP *UNK planners )NP (SBAR (WHNP who )WHNP (S (VP are (NP (NP members )NP (PP of (NP them )NP )PP )NP )VP )S )SBAR )NP )NP (VP want (NP comprehensive standards )NP , (ADVP too )ADVP )VP )S ; (S (NP they )NP (VP 're (ADJP *UNKED (PP of (S (VP seeing (S (NP *UNK )NP (VP *UNKED (ADVP *UNKLY )ADVP (PP in (NP the business press )NP )PP (PP as (ADJP (ADJP (ADJP *UNK )ADJP (PP than (NP *UNK )NP )PP )ADJP and (ADJP (ADJP *UNK )ADJP (PP than (NP (NP a *UNK )NP (PP of (NP *UNK )NP )PP )NP )PP )ADJP )ADJP )PP )VP )S )VP )S )PP )ADJP )VP )S . )S  STOP
(S But (NP reform )NP (VP has n't (VP taken (NP hold )NP (ADVP yet )ADVP )VP )VP . )S  STOP
(SINV `` (S (NP The industry )NP (VP is (ADVP still )ADVP (ADVP pretty much )ADVP (PP in (NP its *UNKC West days )NP )PP )VP )S , '' (VP says )VP (NP (NP Scott *UNKC )NP , (NP (NP director )NP (PP of (NP investor education )NP )PP (PP for (NP the North American Securities *UNKC Association )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP An (ADJP *UNKLY limited )ADJP survey )NP (PP by (NP (NP *UNKC )NP , (SBAR (WHNP whose members )WHNP (S (VP are (NP state *UNK- regulators )NP )VP )S )SBAR , )NP )PP )NP (VP found (SBAR that (S (PP between (NP 1986 and 1988 )NP )PP (NP `` (NP fraud and abuse )NP '' (PP by (NP financial planners )NP )PP )NP (VP cost (NP *UNKN investors )NP (NP (QP $ 400 million )QP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP The *UNK ' )NP gallery )NP (PP of (NP (NP planners )NP (VP involved )VP )NP )PP )NP (VP includes (NP (NP some convicted *UNK )NP , (NP a *UNK *UNK (QP or two )QP )NP , (NP (NP various businessmen )NP (SBAR (WHNP who )WHNP (S (VP had (VP planned (NP their own previous ventures )NP (PP (ADVP right )ADVP into (NP bankruptcy )NP )PP )VP )VP )S )SBAR )NP , and (NP (NP one man )NP (SBAR (WHNP who )WHNP (S (VP *UNKED (NP (NP his wife 's )NP *UNK )NP )VP )S )SBAR )NP )NP )VP . )S  STOP
(SINV (S (SBAR (WHNP What )WHNP (S (VP 's (NP more )NP )VP )S )SBAR , (NP (NP the losses )NP (SBAR (S (NP (NP they )NP and (NP the others )NP )NP (VP caused )VP )S )SBAR )NP `` (VP are (SBAR (ADVP just )ADVP (WHNP what )WHNP (S (NP we )NP (VP are (VP *UNKING (PP over )PP )VP )VP )S )SBAR )VP )S , '' (VP says )VP (NP Mr. *UNKC )NP , (S (VP adding (SBAR that (S (NP (NP the majority )NP (PP of (NP *UNK )NP )PP )NP (ADVP probably )ADVP (VP go (S (ADJP *UNKED )ADJP )S )VP )S )SBAR )VP )S . )SINV  STOP
(SINV (ADVP So )ADVP (VP do )VP (NP (NP (QP just about all )QP the losses )NP (SBAR (WHNP that )WHNP (S (VP could (VP be (VP attributed (PP to (NP (NP the *UNK *UNK )NP (PP of (NP *UNKED planners )NP )PP )NP )PP )VP )VP )VP )S )SBAR )NP . )SINV  STOP
(S (S (NP Nobody )NP (VP can (VP estimate (NP the toll )NP )VP )VP )S , but (S (NP (NP John *UNKC )NP , (NP (NP a (NAC *UNKC , Fla. , )NAC planner )NP and (NP (NP head )NP (PP of (NP (NP one trade group )NP , (NP (NP the International Association )NP (PP of (NP *UNKED Financial *UNKC )NP )PP )NP )NP )PP )NP )NP , )NP (VP thinks (SBAR (S (NP (NP the danger )NP (PP to (NP investors )NP )PP (PP from (NP *UNK )NP )PP )NP (VP is `` (ADJP (ADJP *UNK )ADJP , '' (ADJP (ADJP far greater )ADJP (PP than (NP (NP that )NP (PP from (NP *UNK )NP )PP )NP )PP )ADJP )ADJP )VP )S )SBAR )VP )S . )S  STOP
(S (NP His group )NP , (PP like (NP others )NP )PP , (VP wants (S (NP minimum standards )NP (VP applied (PP to (NP (NP all )NP (SBAR (WHNP who )WHNP (S (VP call (S (NP themselves )NP (NP financial planners )NP )S )VP )S )SBAR )NP )PP )VP )S )VP . )S  STOP
(S (S (VP *UNKING (NP all this )NP )VP )S , (NP some people )NP (ADVP now )ADVP (VP think (SBAR (S (NP the best planner )NP (VP might (VP be (NP (NP no planner )NP (ADVP at all )ADVP )NP )VP )VP )S )SBAR )VP . )S  STOP
(SINV (S (PP For (NP most investors )NP )PP `` (NP the benefits )NP (ADVP just )ADVP (VP are n't (ADJP worth (NP the risks )NP )ADJP )VP )S , '' (VP says )VP (NP (NP Barbara Roper )NP , (SBAR (WHNP who )WHNP (S (VP follows (NP *UNKING issues )NP (PP for (NP (NP (NP the Consumer Federation )NP (PP of (NP America )NP )PP )NP , (NP (NP a *UNK- organization )NP (VP based (PP in (NP Washington )NP )PP )VP )NP )NP )PP )VP )S )SBAR )NP . )SINV  STOP
(S (S (NP She )NP (VP concedes (SBAR that (S (NP such a position )NP (VP is (ADJP `` unfair '' (PP to (NP (NP (NP the thousands )NP (PP of (NP (ADJP *UNK and *UNKED )ADJP people )NP )PP )NP (VP *UNKING (NP the trade )NP )VP )NP )PP )ADJP )VP )S )SBAR )VP )S , but (S (PP as (NP a consumer advocate )NP )PP (NP she )NP (VP feels (VP *UNKED (S (VP to (VP take (NP it )NP )VP )VP )S )VP )VP )S . )S  STOP
(S (NP She )NP (VP says (SBAR (S (NP her group )NP (VP (VP used (S (VP to (VP give (NP (NP *UNK )NP (PP on (S (VP *UNKING (NP planners )NP )VP )S )PP (PRN -- (S (VP (VP check (NP (UCP educational and experience )UCP credentials )NP )VP , (VP *UNK (NP (NP regulators )NP and (NP Better Business *UNKC )NP )NP )VP )VP )S -- )PRN )NP )VP )VP )S )VP but (VP found (SBAR that (S (NP (NP even some people )NP (SBAR (WHNP who )WHNP (S (VP took (NP these steps )NP )VP )S )SBAR )NP `` (VP were (ADVP still )ADVP (VP getting (VP *UNKED (PRT off )PRT )VP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP The bad news )NP , (ADVP however )ADVP , (VP has n't (VP been (ADJP bad enough (S (VP to (VP kill (NP (NP the growing demand )NP (PP for (NP financial planning )NP )PP )NP )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (S (NP (NP (NP (NP The Tax Reform Act )NP (PP of (NP 1986 )NP )PP )NP , (SBAR (WHNP which )WHNP (S (VP eliminated (NP (NP many tax *UNK )NP (VP *UNKED (PP by (NP planners )NP )PP )VP )NP )VP )S )SBAR )NP , and (NP (NP the stock market crash )NP (NP the next year )NP )NP )NP (VP did (VP cause (NP (NP a sharp slump )NP (PP in (NP such demand )NP )PP )NP )VP )VP )S , and (S (NP many planners )NP (VP had (S (VP to (VP make (NP (NP an *UNKED *UNK )NP (PP from (NP the business )NP )PP )NP )VP )VP )S )VP )S . )S  STOP
(S But (S (NP (NP membership )NP (PP in (NP (NP (NP the International Association )NP (PP of (NP Financial *UNKC )NP )PP )NP (PRN -LRB- (NP *UNKC )NP -RRB- )PRN , (NP (NP the industry 's )NP biggest trade group )NP , )NP )PP )NP (VP is (ADVP still )ADVP (SBAR (ADVP nearly triple )ADVP (WHNP what )WHNP (S (NP it )NP (VP was (PP in (NP 1980 )NP )PP )VP )S )SBAR )VP )S , and (S (NP (NP it )NP )NP (VP 's (VP believed (SBAR that (S (NP (NP the ranks )NP (PP of (NP (NP planners )NP (SBAR (WHNP who )WHNP (S (VP do n't (VP belong (PP to (NP any group )NP )PP )VP )VP )S )SBAR )NP )PP )NP (VP have (VP soared (ADVP as well )ADVP )VP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (S (NP An estimated (QP 10 million )QP Americans )NP (VP are (ADVP now )ADVP (VP using (NP financial planners )NP )VP )VP )S , and (S (NP (NP the pool )NP (PP of (NP capital )NP )PP (SBAR (S (NP they )NP (VP influence )VP )S )SBAR )NP (VP is (ADJP enormous )ADJP )VP )S . )S  STOP
(S (NP (NP A survey )NP (PP of (NP (NP *UNKN )NP (PP of (NP them )NP )PP )NP )PP (VP conducted (PP by (NP the *UNKC )NP )PP (PP in (NP April )NP )PP )VP )NP (VP showed (SBAR that (S (NP (NP these *UNK )NP (ADVP alone )ADVP )NP (VP had (VP controlled or *UNKED (NP (NP the investment )NP (PP of (NP (NP (QP $ *UNKN billion )QP )NP (PP of (NP (NP their clients ' )NP money )NP )PP )NP )PP )NP (PP in (NP the previous 12 months )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The sheer number )NP (PP of (NP planners )NP )PP )NP (VP makes (S (NP the business )NP (ADJP (ADJP extremely difficult )ADJP , (CONJP if not )CONJP (ADJP impossible )ADJP , (SBAR (S (VP to (VP regulate )VP )VP )S )SBAR )ADJP )S )VP . )S  STOP
(S (NP (NP Even the minority )NP (PP of (NP them )NP )PP (SBAR (WHNP who )WHNP (S (VP must (VP *UNK (PP with (NP the Securities and Exchange Commission )NP )PP (PP as (NP `` (NP investment advisers )NP '' -- (NP (NP people )NP (SBAR (WHNP who )WHNP (S (VP are (PP in (NP (NP the business )NP (PP of (S (VP counseling (NP others )NP (PP on (NP (NP the buying and selling )NP (PP of (NP securities )NP )PP (ADVP specifically )ADVP )NP )PP )VP )S )PP )NP )PP )VP )S )SBAR )NP -- )NP )PP )VP )VP )S )SBAR )NP (VP have (VP been (ADJP enough (S (VP to (VP *UNK (NP (NP the agency 's )NP capacity )NP )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (NP The SEC )NP (VP has (NP (NP (QP only about 200 )QP staffers )NP (VP assigned (S (VP to (VP keep (NP *UNK )NP (PP on (NP investment advisers )NP )PP )VP )VP )S )VP -- (NP (NP about the same )NP (PP as (PP in (NP 1980 )NP )PP )PP )NP -- )NP (SBAR even though (S (NP (NP the number )NP (PP of (NP advisers )NP )PP )NP (VP has (VP tripled (PP to (NP (QP about 15,000 )QP )NP )PP (PP over (NP the past decade )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Currently )ADVP , (NP a registered investment adviser )NP (VP can (VP expect (NP an SEC audit )NP (ADVP only once )ADVP (NP every 12 years )NP )VP )VP . )S  STOP
(S (NP (NP A lot )NP (PP of (NP bad things )NP )PP )NP (VP can (VP happen (PP in (NP 12 years )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP does n't (VP take (NP a *UNK scientist )NP (S (VP to (VP figure (PRT out )PRT (NP our problem )NP )VP )VP )S )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP director )NP (PP of (NP (NP (NP the SEC 's )NP division )NP (PP of (NP investment management )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S So (NP the SEC )NP (VP has (VP proposed (PP to (NP Congress )NP )PP (SBAR that (S (NP (NP much )NP (PP of (NP (NP the job )NP (PP of (NP oversight )NP )PP )NP )PP )NP (VP be (VP turned (PRT over )PRT (PP to (NP (NP an *UNKED , *UNK- organization )NP (VP *UNKED (PP on (NP (NP (NP the National Association )NP (PP of (NP Securities Dealers )NP )PP )NP , (SBAR (WHNP which )WHNP (S (VP operates (PP in (NP the brokerage business )NP )PP )VP )S )SBAR )NP )PP )VP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Such an organization )NP (VP could , (PP among (NP other things )NP )PP , (VP (VP set (NP (NP minimum standards )NP (PP for (NP *UNK , ethics and finances )NP )PP )NP )VP and (VP *UNK (NP (NP those investment advisers )NP (SBAR (WHNP who )WHNP (S (VP broke (NP the rules )NP )VP )S )SBAR )NP )VP )VP )VP . )S  STOP
(S (NP The proposal )NP (VP has (VP set (PRT off )PRT (NP (NP a *UNKLY debate )NP (PP within (NP (NP an industry )NP (SBAR (WHNP that )WHNP (S (VP was (ADJP far (PP from (ADJP *UNKED )ADJP )PP )ADJP (X (ADVP to begin with )ADVP )X )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Mr. Schwartz )NP , (NP (NP the *UNK planner )NP (PP from (NP (NP *UNKC )NP , (NP Colo. )NP )NP )PP )NP , )NP (VP says (SBAR that (S (S (VP allowing (S (NP the business )NP (VP to (VP police (NP itself )NP )VP )VP )S )VP )S (VP would (VP be `` (PP like (S (VP putting (NP *UNKC )NP (PP in (NP (NP charge )NP (PP of (NP the blood bank )NP )PP )NP )PP )VP )S )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP Mr. *UNKC )NP , (NP (NP the *UNKC planner )NP (SBAR (WHNP who )WHNP (S (VP heads (NP one trade group )NP )VP )S )SBAR )NP , )NP (VP favors (S (ADVP simply )ADVP (VP (VP *UNKING (NP the industry )NP )VP and (VP giving (NP the money )NP (PP to (NP the SEC )NP )PP (S (VP to (VP hire (NP more staff )NP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S -LRB- (NP (NP Mr. *UNKC 's )NP views )NP (VP are not (VP *UNKED (PP with (NP wild enthusiasm )NP )PP (PP (ADVP over )ADVP at (NP (NP the *UNKC )NP , (NP the major industry organization )NP )NP )PP )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP the *UNKC )NP (ADVP recently )ADVP (VP *UNKED (NP other industry groups )NP (S (VP to (VP discuss (NP (NP common standards )NP (SBAR (WHNP that )WHNP (S (VP might (VP be (VP applied (PP to (NP planners )NP )PP )VP )VP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR , (NP (NP Mr. *UNKC 's )NP group )NP (VP was (VP *UNKED )VP )VP . )S  STOP
(S (NP That )NP (VP may (VP be (SBAR because (S (NP Mr. *UNKC )NP , (S (VP *UNKING (PP at (SBAR (WHNP what )WHNP (S (NP he )NP (VP considered (S (NP (NP *UNK )NP (PP on (NP his membership standards )NP )PP (VP made (PP by (NP the rival group )NP )PP )VP )NP )S )VP )S )SBAR )PP )VP )S , (VP *UNKED (NP (NP his dog )NP , (NP *UNKC )NP )NP , (PP as (NP (NP a member )NP (PP of (NP the *UNKC )NP )PP )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S Then (NP he )NP (VP sent (NP (NP (NP the *UNK 's )NP picture )NP (PP with (NP (NP the certificate )NP (PP of (NP membership )NP )PP )NP )PP )NP (PRN -- (S (NP it )NP (VP was (VP made (PRT out )PRT (PP to `` (NP *UNKC ` *UNK ' *UNKC )NP '' )PP )VP )VP )S -- )PRN (PP to (NP (NP every newspaper )NP (SBAR (S (NP he )NP (VP could (VP think (PP of )PP )VP )VP )S )SBAR )NP )PP )VP . -RRB- )S  STOP
(S (NP The states )NP (VP have (NP (NP their own ideas )NP (PP about (NP regulation and *UNK )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP (NP the organization )NP (PP of (NP state securities regulators )NP )PP )NP , )NP (VP is (VP pushing (PP for (NP (NP a model regulatory statute )NP (VP (ADVP already )ADVP adopted (PP in (NP eight states )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (NP It )NP (VP requires (S (NP financial planners )NP (VP to (VP (VP *UNK (PP with (NP states )NP )PP )VP , (VP pass (NP *UNK tests )NP )VP and (VP reveal (PP to (NP customers )NP )PP (NP (NP any conflicts )NP (PP of (NP interest )NP )PP )NP )VP )VP )VP )S )VP . )S  STOP
(S (NP The (ADJP most common )ADJP conflict )NP (VP involves (NP compensation )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP estimates (SBAR that (S (NP (NP (QP nearly 90 )QP % )NP (PP of (NP planners )NP )PP )NP (VP receive (NP (NP some or all )NP (PP of (NP their income )NP )PP )NP (PP from (NP (NP sales commissions )NP (PP on (NP (NP (NP securities )NP , (NP insurance )NP and (NP other financial products )NP )NP (SBAR (S (NP they )NP (VP recommend )VP )S )SBAR )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(NP (NP The issue )NP : (SQ Is (NP the planner )NP (VP putting (NP his clients )NP (PP into (NP (NP the best investments )NP , or (NP (NP the ones )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP the biggest commissions )NP )VP )S )SBAR )NP )NP )PP )VP ? )SQ )NP  STOP
(S (PP In (NP 1986 )NP )PP (NP (NP the New York attorney general 's )NP office )NP (VP got (NP (NP an order )NP )NP (PP from (NP (NP a state court )NP (PP in (NP *UNKC )NP )PP )NP )PP (VP *UNKING (PRT down )PRT (NP (NP First *UNKC Corp. )NP , (NP (NP an *UNKC *UNKING firm )NP (SBAR (WHNP that )WHNP (S (VP had (VP invested (NP (QP $ 55 million )QP )NP (PP on (NP (NP behalf )NP (PP of (NP (QP nearly 1,000 )QP investors )NP )PP )NP )PP )VP )VP )S )SBAR )NP )NP )VP )VP . )S  STOP
(S (S (PP In (NP (NP its notice )NP (PP of (NP action )NP )PP )NP )PP , (NP the attorney general )NP (VP said (SBAR (S (NP the company )NP (VP had (VP promised (S (VP to (VP put (NP clients )NP (PP into (NP `` *UNKED '' investment portfolios )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )S ; (S (ADVP instead )ADVP (PRN , (S (NP the attorney general )NP (VP alleged )VP )S , )PRN (NP the company )NP (VP (ADVP consistently )ADVP *UNKED (NP *UNK customers )NP (PP into (NP (NP high-risk investments )NP (PP in (NP (NP paintings )NP , (NP coins )NP and (NP Florida *UNK )NP )NP )PP )NP )PP )VP )S . )S  STOP
(S (S (NP Those investments )NP (VP paid (NP (NP big commissions )NP )NP (PP to (NP First *UNKC )NP )PP , (NP (NP payments )NP (SBAR (S (NP investors )NP (VP were (ADVP never )ADVP (VP told (PP about )PP )VP )VP )S )SBAR )NP )VP )S , (NP the attorney general )NP (VP alleged )VP . )S  STOP
(S (NP Investors )NP (VP were (ADVP further )ADVP (VP assured (SBAR that (S (NP (NP only those )NP (PP with (NP a *UNK net worth )NP )PP )NP (VP would (VP be (VP accepted )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP practice )NP )PP (PRN , (S (NP the attorney general )NP (VP alleged (PP in (NP an affidavit )NP )PP )VP )S , )PRN (SBAR if (S (NP an investor )NP (VP had (NP (NP access )NP (PP to (NP cash )NP )PP )NP )VP )S )SBAR `` (NP (NP the chances )NP (PP of (S (VP being (VP turned (PRT down )PRT (PP by (NP First *UNKC )NP )PP )VP )VP )S )PP )NP (VP were (ADJP (ADJP about as probable )ADJP (PP as (S (VP being (VP rejected (PP by (NP the *UNKC Club )NP )PP )VP )VP )S )PP )ADJP )VP . '' )S  STOP
(S And (PRN , (S (NP the attorney general )NP (VP added )VP )S , )PRN (NP (NP (NP First *UNKC 's )NP president )NP , (NP Roger V. *UNKC )NP , )NP (VP *UNKED (NP himself )NP (PP as (NP a `` financial expert '' )NP )PP (SBAR (WHADVP when )WHADVP (S (NP his *UNK )NP (VP (ADVP largely )ADVP *UNKED (PP of (NP (NP a *UNK- *UNK )NP , (NP (NP work )NP (PP as (NP a real-estate and insurance salesman )NP )PP )NP , and (NP (NP a *UNK )NP (PP as (NP (NP supervisor )NP (PP at (NP a highway toll *UNK )NP )PP )NP )PP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP First *UNKC )NP and (NP its officials )NP )NP (VP are (ADVP currently )ADVP (PP under (NP (NP investigation )NP (PP for (NP possible criminal wrongdoing )NP )PP )NP )PP , (PP according (PP to (NP (NP a spokeswoman )NP (PP for (NP the attorney general )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP (NP Harry *UNKC )NP , (NP (NP Mr. *UNKC 's )NP attorney )NP , )NP (VP (VP says (SBAR (S (NP his client )NP (VP denies (NP any wrongdoing )NP )VP )S )SBAR )VP and (VP adds (SBAR that (S (NP (NP (NP the attorney general 's )NP *UNK )NP (PP about (NP (NP First *UNKC 's )NP business practices )NP )PP )NP (VP are (ADJP *UNK )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(SINV (PP As (PP for (NP (NP Mr. *UNKC 's )NP *UNK )NP )PP )PP , `` (S (NP (NP the *UNK attorneys )NP (PP for (NP (NP the state )NP (PP of (NP New York )NP )PP )NP )PP )NP (VP decided (SBAR (S (NP Mr. *UNKC )NP (VP was n't (ADJP *UNKED )ADJP )VP )S )SBAR (SBAR because (S (NP he )NP (VP did n't (VP have (NP a Harvard degree )NP )VP )VP )S )SBAR )VP )S , '' (VP says )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S (NP (NP Civil suits )NP (PP against (NP planners )NP )PP (PP by (NP (NP clients )NP (VP seeking (NP (NP recovery )NP (PP of (NP funds )NP )PP )NP )VP )NP )PP )NP (VP are (ADJP increasingly common )ADJP )VP . )S  STOP
(S (S (NP (NP Two such actions )NP , (NP (NP both )NP (VP filed (NP earlier this year )NP (PP in (NP (NP Georgia state court )NP (PP in (NP Atlanta )NP )PP )NP )PP )VP )NP , )NP (VP could (VP be (ADJP particularly embarrassing (PP to (NP the industry )NP )PP )ADJP )VP )VP )S : (S (NP both )NP (VP name (NP (NP J. Chandler Peterson )NP , (NP (NP an Atlanta financial planner )NP (SBAR (WHNP who )WHNP (S (VP is (NP (NP a (NX (NX founder )NX and (NX past chairman )NX )NX )NP (PP of (NP the *UNKC )NP )PP )NP )VP )S )SBAR )NP )NP , (PP as (NP defendant )NP )PP )VP )S . )S  STOP
(S (NP (NP One suit )NP , (VP filed (PP by (NP (QP more than three dozen )QP investors )NP )PP )VP , )NP (VP charges (SBAR that (S (NP Mr. Peterson )NP (VP *UNKED (NP (NP much )NP (PP of (NP (NP the (QP $ 9.7 million )QP )NP (VP put (PP into (NP (NP a limited partnership )NP (SBAR (WHNP that )WHNP (S (NP he )NP (VP operated and *UNKED , )VP )S )SBAR )NP )PP )VP )NP )PP )NP (S (VP spending (NP (NP some )NP (PP of (NP it )NP )PP )NP (S (VP (VP to (VP pay (NP his own legal bills )NP )VP )VP and (VP to (VP invest (PP in (NP (NP other companies )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP he )NP (VP had (NP (NP an interest )NP )NP )VP )S )SBAR )NP )PP )VP )VP )VP )S )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP Those companies )NP , (PP in (NP turn )NP )PP , (VP paid (NP Mr. Peterson )NP (NP commissions and fees )NP )VP )S , (NP the suit )NP (VP alleges )VP . )S  STOP
(S (NP The other suit )NP (VP was (VP filed (PP by (NP two men )NP )PP (PP in (NP (NP a dispute )NP (PP over (NP (NP (ADJP $ 100,000 )ADJP investments )NP (SBAR (S (NP each )NP (VP says (SBAR (S (NP he )NP (VP made (PP with (NP Mr. Peterson )NP )PP (PP as (NP (NP part )NP (PP of (NP an effort (S (VP to (VP purchase (NP (NP (NP the Bank )NP (PP of (NP *UNKC )NP )PP )NP (PP in (NP (NP *UNKC )NP , (NP *UNKC )NP )NP )PP )NP )VP )VP )S )NP )PP )NP )PP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP One *UNK )NP , (NP a doctor )NP , )NP (VP testified (PP in (NP an affidavit )NP )PP (SBAR that (S (NP he )NP (ADVP also )ADVP (VP gave (NP Mr. Peterson )NP (NP (NP $ 50,000 )NP (SBAR (S (VP to (VP join (NP (NP a sort )NP (PP of (NP investment club )NP )PP (SBAR (WHNP which )WHNP (S (ADVP essentially )ADVP (VP gave (NP the physician )NP `` (NP (NP the privilege )NP (PP of (S (VP making (NP additional investments )NP '' (PP with (NP Mr. Peterson )NP )PP )VP )S )PP )NP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP affidavits )NP )PP , (NP each *UNK )NP (VP claims (SBAR (S (NP Mr. Peterson )NP (VP promised (SBAR (S (S (NP the bank purchase )NP (VP would (VP be (VP completed (PP by (NP (NP the end )NP (PP of (NP 1988 )NP )PP )NP )PP )VP )VP )VP )S or (S (NP the money )NP (VP returned )VP )S )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Peterson )NP (VP took (NP (NP (NP the plaintiffs ' )NP and (NP other investors ' )NP )NP money )NP (PP to (NP (NP a meeting )NP (PP of (NP (NP the bank 's )NP directors )NP )PP )NP )PP )VP . )S  STOP
(SINV (S (S (VP *UNKING (NP a (NX (NX business suit )NX and (NX *UNK- hat and *UNK )NX )NX )NP )VP )S , (NP he )NP (VP (VP opened (PRT up )PRT (NP his *UNK )NP )VP and (VP dumped (NP (NP (QP $ 1 million )QP )NP (PP in (NP cash )NP )PP )NP (PP on (NP (NP a table )NP (PP in (NP (NP front )NP (PP of (NP the directors )NP )PP )NP )PP )NP )PP )VP )VP )S , (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP the bank 's )NP president )NP )NP . )SINV  STOP
(SINV `` (S (NP He )NP (VP said (SBAR (S (NP he )NP (VP wanted (S (VP to (VP show (NP (NP the color )NP (PP of (NP his money )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP )S , '' (VP recalls )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S (S (NP Bank officials )NP , (ADVP however )ADVP , (VP showed (NP him )NP (NP the door )NP )VP )S , and (S (NP the sale )NP (ADVP never )ADVP (VP came (PRT off )PRT )VP )S . )S  STOP
(S (PP According (PP to (NP the suit )NP )PP )PP , (NP Mr. Peterson )NP (VP has (ADVP yet )ADVP (S (VP to (VP return (NP (NP the plaintiffs ' )NP investment )NP )VP )VP )S )VP . )S  STOP
(S (NP They )NP (VP want (S (NP it )NP (ADVP back )ADVP )S )VP . )S  STOP
(S (NP Mr. Peterson )NP (VP declines (S (VP to (VP comment (PP on (NP (NP specific allegations )NP (PP in (NP the two suits )NP )PP )NP )PP )VP )VP )S , (S (VP saying (SBAR (S (NP he )NP (VP *UNK (S (VP to (VP save (NP such responses )NP (PP for (NP court )NP )PP )VP )VP )S )VP )S )SBAR )VP )S )VP . )S  STOP
(S But (NP he )NP (VP does (VP say (SBAR that (S (NP (NP all )NP (PP of (NP his activities )NP )PP )NP (VP have (VP been `` (ADJP entirely proper )ADJP )VP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (PP On (NP (NP the suit )NP (PP by (NP the limited partners )NP )PP )NP )PP , (NP he )NP (VP says (SBAR (S (NP he )NP (VP is (VP considering (NP (NP a *UNK suit )NP (PP against (NP the plaintiffs )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The suit )NP (PRN , (S (NP he )NP (VP adds )VP )S , )PRN `` (VP is (ADVP almost )ADVP (PP in (NP (NP the nature )NP (PP of (NP (NP a *UNK )NP (PP by (NP (NP a handful )NP (PP of (NP *UNKED people )NP )PP )NP )PP )NP )PP )NP )PP )VP . '' )S  STOP
(S (PP *UNKING (NP (NP the suit )NP (PP over (NP the bank bid )NP )PP )NP )PP , (NP Mr. Peterson )NP (VP says (SBAR (S (NP it )NP (VP is (VP filled (PP with `` (NP (NP *UNK language )NP and (NP half *UNK )NP )NP )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP declines (S (VP to (VP go (PP into (NP *UNK )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Mr. Peterson )NP (VP says (SBAR (S (NP (NP the suits )NP (PP against (NP him )NP )PP )NP (VP are (NP (NP (NP less a measure )NP (PP of (NP his work )NP )PP )NP (SBAR than (S (NP they )NP (VP are (NP (NP a `` sign )NP (PP of (NP (NP the times )NP '' (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP people )NP (ADVP generally )ADVP (VP are (ADJP more *UNK (S (VP to (VP *UNK )VP )VP )S )ADJP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP I )NP (VP do n't (VP know (NP (NP anybody )NP (PP in (NP the industry )NP )PP (SBAR (WHNP who )WHNP (S (VP has n't (VP experienced (NP litigation )NP )VP )VP )S )SBAR )NP )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP Mr. Peterson )NP (ADVP also )ADVP (VP says (SBAR (S (NP he )NP (VP does n't (VP consider (S (NP himself )NP (NP a financial planner )NP )S (ADVP anymore )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (ADVP now )ADVP (VP calls (S (NP himself )NP (NP an `` investment banker )NP )S )VP . '' )S  STOP
(S (PP In (NP (NP many (NX (NX *UNK )NX or (NX alleged *UNK )NX )NX )NP (VP involving (NP planners )NP )VP )NP )PP , (NP (NP it )NP )NP (VP 's (ADJP plain )ADJP (SBAR that (S (NP (NP only a *UNK )NP (PP of (NP common sense )NP )PP (PP on (NP (NP the part )NP (PP of (NP the investors )NP )PP )NP )PP )NP (VP would (VP have (VP kept (NP them )NP (ADVP out (PP of (NP (NP harm 's )NP way )NP )PP )ADVP )VP )VP )VP )S )SBAR )VP . )S  STOP
(SQ (S (VP Using (NP it )NP )VP )S , would n't (NP a *UNK )NP (VP *UNK (S (VP to (VP pay (NP (NP (QP tens of thousands )QP )NP (PP of (NP dollars )NP )PP )NP (PP (ADVP just )ADVP for (NP a chance (S (VP to (VP invest (PP *UNK planner )PP )VP )VP )S )NP )PP )VP )VP )S )VP ? )SQ  STOP
(S (NP Other cases )NP (VP go (S (VP to (VP show (SBAR that (S (S (NP an old saw )NP (ADVP still )ADVP (VP *UNK )VP )S : (S (SBAR If (S (NP it )NP (VP sounds (ADJP too good (SBAR (S (VP to (VP be (ADJP true )ADJP )VP )VP )S )SBAR )ADJP )VP )S )SBAR , (NP it )NP (ADVP probably )ADVP (VP is )VP )S )S )SBAR )VP )VP )S )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP of (NP deposit )NP )PP )NP (VP do n't (VP pay (NP (NP 23 % )NP (NP a year )NP )NP , (PP for (NP example )NP )PP )VP )VP )S , but (S (NP that )NP (VP did n't (VP give (NP *UNK )NP (PP to (NP (NP clients )NP (PP of (NP one *UNKC planner )NP )PP )NP )PP )VP )VP )S . )S  STOP
(S (ADVP Now )ADVP (S (NP they )NP (VP 're (NP losers )NP )VP )S and (S (NP he )NP (VP 's (PP in (NP jail )NP )PP (PP in (NP *UNKC County )NP )PP )VP )S . )S  STOP
(S (S (NP (NP CDs )NP (VP yielding (NP 40 % )NP )VP )NP (VP are (ADJP (ADVP even more )ADVP *UNK )ADJP -- (SBAR (ADVP especially )ADVP (WHADVP when )WHADVP (S (NP (NP the issuing `` bank '' )NP (PP in (NP the Marshall *UNKC )NP )PP )NP (VP is (NP (NP merely a mail drop )NP (VP watched (PRT over )PRT (PP by (NP a local *UNK- operator )NP )PP )VP )NP )VP )S )SBAR )VP )S -- but (S (NP investors )NP (VP fell (PP for (NP that one too )NP )PP )VP )S . )S  STOP
(FRAG And (NP (NP the Colorado planner )NP (SBAR (WHNP who )WHNP (S (VP promised (S (VP to (VP make (S (NP (NP some )NP (PP of (NP his clients )NP )PP )NP (NP *UNK )NP )S (PP on (NP (NP investments )NP (PP of (NP (QP as *UNK as $ 100 )QP )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )NP ? )FRAG  STOP
(S (ADVP Never )ADVP (VP mind )VP . )S  STOP
(S (NP You )NP (ADVP already )ADVP (VP know (NP the answer )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (NP (NP a staff reporter )NP (PP in (NP (NP The Wall Street Journal 's )NP Los Angeles bureau )NP )PP )NP )VP . )S  STOP
(S (PP At (NP the *UNK *UNKC Island *UNKING Center )NP )PP , (NP (NP the (ADJP *UNKED and *UNK )ADJP *UNK )NP (PP of (NP this wealthy Southern California beach community )NP )PP )NP (VP *UNK (PP from (NP their *UNKC and *UNKC )NP )PP (PP for (NP (NP another day )NP (PP of (S (VP *UNKING (NP their credit cards )NP )VP )S )PP )NP )PP )VP . )S  STOP
(S (NP They )NP (VP *UNK (PP among (NP (NP the designer offerings )NP (PP at (NP (NP *UNKC )NP and (NP *UNKC *UNKC )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP They )NP (VP *UNK (PP through (NP (NP the *UNKED *UNK )NP (PP of (NP the *UNKC Court )NP )PP )NP )PP )VP . )S  STOP
(S (NP They )NP (VP *UNK (PP at (NP (NP the Farmers Market )NP , (NP a combination *UNK food court and grocery store )NP )NP )PP , (SBAR while (S (NP a *UNK )NP (VP *UNK (NP the noon fashion show )NP (PP with (NP (NP a selection )NP (PP of (NP *UNK *UNK )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(FRAG `` (NP (NP The beautiful look )NP (PP of (NP *UNK )NP )PP (PRN , '' (SINV (VP *UNK )VP (NP (NP the show 's )NP *UNK )NP )SINV , )PRN `` (ADJP slightly *UNKC (PP in (NP its influence )NP )PP )ADJP )NP ... . '' )FRAG  STOP
(S (ADVP Meanwhile )ADVP , (PP in (NP (NP the *UNK office buildings )NP (SBAR (WHNP that )WHNP (S (VP ring (NP *UNKC Island )NP )VP )S )SBAR )NP )PP , (NP the odds )NP (VP are (ADJP good )ADJP (SBAR that (S (NP someone )NP (VP is (VP getting (VP *UNKED )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC authorities )NP (VP say (SBAR that (S (PP at (NP any given time )NP )PP , (NP (NP a host )NP (PP of (NP fraudulent *UNKING operations )NP )PP )NP (VP *UNK (PP with (NP (NP the many legitimate businesses )NP (ADVP here )ADVP )NP )PP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP They )NP (VP seem (S (VP to (VP like (NP these industrial *UNK )NP )VP )VP )S )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a *UNK *UNK )NP (SBAR (WHNP who )WHNP (S (VP specializes (PP in (NP mail fraud )NP )PP )VP )S )SBAR )NP )NP . )SINV  STOP
(S `` (NP We )NP (VP call (S (NP them )NP (NP fraud farms )NP )S )VP . '' )S  STOP
(INTJ *UNKC (PP to (NP (NP that *UNK )NP (PP of (NP *UNK )NP )PP (VP known (PP as (NP Newport Beach )NP )PP )VP )NP )PP . )INTJ  STOP
(S (NP (NP This city )NP (PP of (NP (QP more than 70,000 )QP )NP )PP )NP (VP is (VP known (PP for (NP (NP *UNK )NP , (NP *UNK )NP and (NP rich residents )NP )NP )PP )VP )VP . )S  STOP
(S (NP It )NP (VP is (ADVP also )ADVP (VP known (PP as (NP (NP the fraud capital )NP (PP of (NP the U.S. )NP )PP )NP )PP , (S (VP dubbed (PP by (NP (NP investigators )NP and (NP the media )NP )NP )PP (PP as (NP the `` *UNKC de *UNKC '' )NP )PP )VP )S )VP )VP . )S  STOP
(SBARQ (WHADVP How )WHADVP (SQ does (NP (NP a community )NP (ADJP famous (PP for (NP its high living )NP )PP )ADJP )NP (VP end (PRT up )PRT (PP as (NP (NP a *UNK )NP (PP for (NP *UNK- )NP )PP )NP )PP )VP )SQ ? )SBARQ  STOP
(S (ADVP Clearly )ADVP , (NP (NP the existence )NP (PP of (NP the former )NP )PP )NP (VP *UNK (NP the latter )NP )VP . )S  STOP
(S (NP (NP The places )NP (VP *UNKED (PP for (S (VP breeding (NP *UNK )NP )VP )S )PP )VP , (PP like (NP (NP (NP the Miami neighborhood )NP (VP known (PP as (NP the `` *UNKC *UNKC '' )NP )PP )VP )NP and (NP (NP (NP Las Vegas 's )NP *UNK strip )NP (PP of (NP *UNK )NP )PP )NP )NP )PP , )NP (ADVP *UNKLY )ADVP (VP offer (NP (NP fast cars )NP , (NP high *UNK )NP , (NP *UNK women )NP and (NP (NP lots )NP (PP of (NP *UNK )NP )PP )NP )NP )VP . )S  STOP
(S (NP You )NP (VP do n't (VP hear (NP (NP much )NP (PP about (NP (NP unusual *UNK )NP (PP of (NP fraud )NP )PP (PP in (NP (NP Green Bay )NP or (NP *UNKC )NP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP *UNKC men )NP (VP hate (NP *UNK )NP )VP . )S  STOP
(S (NP Newport Beach )NP (VP fits (NP (NP the *UNK artists ' )NP *UNK )NP (ADVP perfectly )ADVP )VP . )S  STOP
(SBARQ (WHNP What more )WHNP (SQ could (NP (NP a *UNK man )NP (PP in (NP (NP search )NP (PP of (NP the easy life )NP )PP )NP )PP )NP (VP ask (PP for )PP )VP )SQ ? )SBARQ  STOP
(S (NP Nothing )NP (VP seems (ADJP hard )ADJP (ADVP here )ADVP )VP . )S  STOP
(S (S (NP The *UNK )NP (VP are (ADJP soft )ADJP )VP )S , (S (NP the waves )NP (VP *UNK (ADVP *UNKLY )ADVP )VP )S and (S (NP the *UNK trees )NP (VP *UNK (ADVP *UNKLY )ADVP )VP )S . )S  STOP
(S (NP *UNKC )NP (VP is (ADJP *UNK )ADJP )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP *UNK )NP (VP is (VP *UNKED )VP )VP . )S  STOP
(S (S (NP (NP The *UNK price )NP (PP of (NP homes )NP )PP )NP (VP is (NP $ *UNKN )NP )VP )S ; (S (NP (QP more than *UNKN )QP vessels )NP (VP fill (SBAR (WHNP what )WHNP (S (NP (NP the chamber )NP (PP of (NP *UNK )NP )PP )NP (VP calls (S (NP (NP the nation 's )NP largest *UNK- *UNK )NP )S )VP )S )SBAR )VP )S . )S  STOP
(SINV `` (FRAG (NP *UNKC , *UNK and *UNKC )NP )FRAG , '' (VP *UNK )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S `` (NP That )NP (VP 's (SBAR (WHNP what )WHNP (S (NP they )NP (VP 're (PP after )PP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP The rich image )NP (PP of (NP Newport Beach )NP )PP )NP (ADVP also )ADVP (VP helps (VP lend (NP (NP the *UNK artists ' )NP operation )NP (NP (NP an air )NP (PP of (NP *UNK )NP )PP )NP )VP )VP . )S  STOP
(SINV `` (S (NP (NP One reason )NP (SBAR (S (NP they )NP (VP use (NP Newport Beach )NP )VP )S )SBAR )NP (VP is (SBAR that (S (NP it )NP (VP sounds (ADJP (ADJP *UNK )ADJP (PP than (NP most *UNK )NP )PP )ADJP )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP David Katz )NP , (NP (NP a U.S. attorney )NP (SBAR (WHNP who )WHNP , (S (ADVP until recently )ADVP , (VP headed (NP a *UNK- Southern California fraud task force )NP )VP )S )SBAR )NP )NP . )SINV  STOP
(S `` (NP Newport Beach )NP (VP is (VP known (PP in (NP *UNKC Island )NP )PP (PP for (S (VP having (NP (NP a lot )NP (PP of (NP rich people )NP )PP )NP )VP )S )PP )VP )VP . '' )S  STOP
(FRAG (NP No wonder (SBAR (S (NP (NP all kinds )NP (PP of (NP *UNK- *UNK )NP )PP )NP (VP have (VP *UNKED (ADVP here )ADVP , (PP (PP from (NP *UNK *UNKED *UNKC sales )NP )PP (PP to (NP *UNKED car dealers )NP )PP (PP to (NP *UNK *UNK- traders )NP )PP )PP )VP )VP )S )SBAR )NP . )FRAG  STOP
(S But (PP above (NP all )NP )PP , (NP this )NP (VP is (NP (NP the national headquarters )NP (PP for (NP (NP *UNK- operators )NP , (NP (NP those *UNKING *UNK- salesmen )NP (SBAR (WHNP who )WHNP (S (VP (VP use (NP the telephone )NP (S (VP to (VP *UNK (NP money )NP (PP from (NP (NP the *UNK )NP and (NP the *UNK )NP )NP )PP )VP )VP )S )VP and (ADVP then )ADVP (VP *UNK )VP )VP )S )SBAR )NP )NP )PP )NP )VP . )S  STOP
(S (SBAR Because (S (NP (NP (QP only a )QP fraction )NP (PP of (NP them )NP )PP )NP (VP are (ADVP ever )ADVP (VP *UNKED )VP )VP )S )SBAR , (NP nobody )NP (ADVP really )ADVP (VP knows (SBAR (WHNP (WHADJP how much )WHADJP money )WHNP (S (NP *UNK *UNKING operators )NP (ADVP really )ADVP (VP harvest )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP I )NP (VP 've (VP heard (SBAR that (S (NP there )NP (VP is (NP (NP (QP $ 40 billion )QP )NP (VP taken (PRT in )PRT (ADVP nationwide )ADVP (PP by (NP *UNK rooms )NP )PP (NP every year )NP )VP )NP )VP )S )SBAR )VP )VP )S , '' (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S `` (SBAR If (S (NP that )NP (VP 's (ADJP true )ADJP )VP )S )SBAR , (NP Orange County )NP (VP has (S (VP to (VP be (NP (NP (QP at least 10 )QP % )NP (PP of (NP that )NP )PP )NP )VP )VP )S )VP . '' )S  STOP
(S And (NP (NP most )NP (PP of (NP (NP the truly big scams )NP (PP in (NP Orange County )NP )PP )NP )PP )NP (VP seem (S (VP to (VP *UNK (PP in (NP (NP Newport Beach )NP or (NP (NP one )NP (PP of (NP (NP the other *UNKED communities )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP (NP this *UNK- city )NP (SBAR (WHNP that )WHNP (S (VP *UNK (PP around (NP (NP a point )NP (PP of (NP land )NP )PP )NP )PP )VP )S )SBAR )NP )VP )S )SBAR )NP )PP )NP )NP )PP )VP )VP )S )VP (PP on (NP (NP the California coast )NP (ADVP south (PP of (NP Los Angeles )NP )PP )ADVP )NP )PP . )S  STOP
(S (PP In (NP fact )NP )PP , (NP sophisticated *UNK- *UNK- scams )NP (VP are (VP known (ADVP *UNKLY )ADVP (PP among (NP *UNK- types )NP )PP (PP as (NP `` (NP Newport Beach )NP '' operations )NP )PP )VP )VP . )S  STOP
(S (NP That )NP (VP *UNK (PP with (NP (NP the *UNK- sales )NP (PP of (NP (NP things )NP (PP such as (NP (NP *UNK- sets )NP and (NP office supplies )NP )NP )PP (SBAR (WHNP that )WHNP (S (VP are (VP known (PP as (NP `` (NP Hollywood )NP '' scams )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP Newport Beach *UNK )NP (VP concentrate (PP on (NP (NP (NP precious metals )NP and (NP *UNKING deals )NP )NP (SBAR (WHNP that )WHNP (S (ADVP typically )ADVP (VP cost (NP (NP thousands )NP (PP of (NP dollars )NP )PP (NP a shot )NP )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The investors )NP (VP range (PP (PP from (NP elderly *UNK )NP )PP (PP to (NP affluent professionals )NP )PP )PP )VP . )S  STOP
(S (PP In (NP (NP one *UNK recent example )NP (PP of (NP a Newport Beach *UNK room )NP )PP )NP )PP , (NP (NP prospective investors )NP (PP in (NP Capital Trust Inc. )NP )PP )NP (VP were (ADVP allegedly )ADVP (VP told (SBAR that (S (NP (NP their investment )NP (PP in (NP precious metals )NP )PP )NP (VP was (VP insured (PP against (NP (NP losses )NP `` (VP caused (PP by (NP employees )NP )PP )VP (ADJP due (PP to (NP *UNK , destruction or *UNK )NP )PP )ADJP )NP )PP )VP )VP )S )SBAR , '' (PP according (PP to (NP (NP an indictment )NP (VP handed (PRT up )PRT (PP by (NP (NP a federal grand jury )NP (PP in (NP Los Angeles )NP )PP )NP )PP (NP last month )NP )VP )NP )PP )PP )VP )VP . )S  STOP
(S (S (S (ADVP Thus )ADVP (VP (ADVP *UNKLY )ADVP *UNKED )VP )S , (NP investors )NP (VP sent (NP (NP (QP $ *UNKN million )QP )NP )NP (PP to (NP the Newport Beach company )NP )PP , (SBAR (WHNP most (WHPP of (WHNP which )WHNP )WHPP )WHNP (S (VP was (VP diverted (PP to (NP unauthorized uses )NP )PP )VP )VP )S )SBAR )VP )S , (NP the indictment )NP (VP charges )VP . )S  STOP
(S (NP (NP Douglas Jones )NP , (NP (NP an attorney )NP (VP representing (NP (NP Richard O. *UNKLY *UNKC )NP , (NP (NP the chairman and president )NP (PP of (NP Capital Trust )NP )PP )NP )NP )VP )NP , )NP (VP says (SBAR (S (NP his client )NP (VP denies (SBAR that (S (NP there )NP (VP was (NP any attempt (S (VP to (VP *UNK (NP investors )NP )VP )VP )S )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S `` (NP There )NP (VP were (NP (NP (NP some business deals )NP (SBAR (WHNP that )WHNP (S (VP went (ADJP bad )ADJP )VP )S )SBAR )NP (PRN , '' (S (NP Mr. Jones )NP (VP says )VP )S , )PRN `` but (NP no intent (S (VP to (VP *UNK )VP )VP )S )NP )NP )VP . '' )S  STOP
(S (NP Newport Beach operations )NP (VP *UNK (PP from (NP the Hollywood boiler rooms )NP )PP (PP (PP in (NP style )NP )PP (CONJP as well as )CONJP (PP in (NP dollars )NP )PP )PP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP boiler rooms )NP (VP operate (PP on (NP the cheap )NP )PP , (SBAR since (S (NP few (PRN , (SBAR if (FRAG (ADJP any )ADJP )FRAG )SBAR , )PRN customers )NP (ADVP ever )ADVP (VP visit (NP their offices )NP )VP )S )SBAR )VP . )S  STOP
(S (INTJ Indeed )INTJ , (NP the name )NP (VP *UNK (PP from (NP (NP the tendency )NP (PP among (NP *UNKING *UNK )NP )PP (S (VP to (VP rent (NP (NP cheap *UNK space )NP , (PP near (NP the boiler room )NP )PP )NP )VP )VP )S )NP )PP )VP . )S  STOP
(S But (PRN , (SINV (VP says )VP (NP (NP Mr. Katz )NP , (NP the U.S. attorney )NP )NP )SINV , )PRN `` (NP (NP the interesting thing )NP (PP about (NP Newport Beach operations )NP )PP )NP (VP is (SBAR that (S (NP they )NP (VP give (NP themselves )NP (NP (NP the *UNK )NP (PP of (NP (NP beautiful offices )NP , (PP with (NP *UNK *UNK )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP we )NP (VP go (ADVP there )ADVP )VP )S )SBAR , (NP it )NP (VP 's (ADJP quite different (PP from (NP (NP these Hollywood places )NP (SBAR (WHADVP where )WHADVP (S (S (NP the *UNK )NP (VP are (VP spread (PRT out )PRT (PP on (NP the table )NP )PP )VP )VP )S and (S (NP the people )NP (VP are (VP picking (NP their *UNK )NP )VP )VP )S )S )SBAR )NP )PP )ADJP )VP . '' )S  STOP
(S (NP The Newport Beach operators )NP (ADVP also )ADVP (VP tend (S (VP to (VP *UNK (NP themselves )NP (ADVP privately )ADVP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (VP cite (NP (NP the case )NP (PP of (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP is (ADVP currently )ADVP (VP serving (NP a *UNK- sentence )NP (PP at (NP *UNKC Federal *UNKC )NP )PP (PP for (NP (NP his role )NP (PP in (NP (NP *UNKC Investment Corp. )NP , (SBAR (WHNP which )WHNP (S (VP promised (NP investors )NP (NP (NP returns )NP (PP of (NP (QP as much as *UNKN )QP % )NP )PP (PP on (NP precious metals )NP )PP )NP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP pleaded (ADJP guilty (PP to (NP (NP five counts )NP (PP of (NP fraud )NP )PP )NP )PP )ADJP (PP in (NP (NP federal court )NP (PP in (NP Los Angeles )NP )PP )NP )PP )VP )S )SBAR , )NP (VP (VP drove (NP a leased Mercedes )NP )VP and (VP lived (PP in (NP (NP an expensive home )NP (PP on (NP (NP *UNKC *UNKC )NP , (NP (NP an island )NP (PP in (NP (NP Newport 's )NP *UNK )NP )PP )NP )NP )PP )NP )PP )VP , (PP according (PP to (NP investigators )NP )PP )PP )VP . )S  STOP
(S (PP With (NP (NP the (QP $ 3 million )QP )NP (VP received (PP from (NP investors )NP )PP )VP )NP )PP , (NP he )NP (VP (VP took (NP (NP frequent *UNK )NP (PP with (NP friends )NP )PP (PP to (NP exotic *UNK )NP )PP )NP )VP and (VP leased (NP an expensive *UNKC )NP (PP for (NP (NP his *UNK )NP , (SBAR (WHNP whom )WHNP (S (NP he )NP (VP met (PP at (NP (NP the shop )NP (SBAR (WHADVP where )WHADVP (S (NP he )NP (VP got (NP his *UNKED suits )NP )VP )S )SBAR )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S `` (S (NP (NP It )NP )NP (VP 's (ADJP amazing )ADJP (NP (NP the amount )NP (PP of (NP money )NP )PP (SBAR (WHNP that )WHNP (S (VP goes (PP (PP up (NP their *UNK )NP )PP , (PP out (PP to (NP the dog track )NP )PP )PP or (PP to (NP (NP the tables )NP (PP in (NP Las Vegas )NP )PP )NP )PP )PP )VP )S )SBAR )NP )VP )S , '' (NP Mr. Katz )NP (VP says )VP . )S  STOP
(S (NP (NP All this talk )NP (PP of (NP (NP boiler rooms )NP and (NP fraud )NP )NP )PP )NP (VP is (ADJP *UNKING )ADJP (PP to (NP (NP the city 's )NP legitimate business element )NP )PP )VP . )S  STOP
(S (NP (NP Vincent *UNK *UNKC )NP , (NP (NP regional manager )NP (PP of (NP *UNKC Management Systems )NP )PP )NP , )NP (VP insists (SBAR (S (NP he )NP (VP does n't (VP know (PP of (NP (NP any *UNK *UNK )NP (VP operating (PP in (NP (NP the (QP 1.6 million )QP square feet )NP (PP of (NP office space )NP )PP (PP around (NP *UNKC Island )NP )PP (SBAR (WHNP that )WHNP (S (NP his company )NP (VP leases (PP for (NP (NP *UNKC Co. )NP , (NP (NP the owner and developer )NP (PP of (NP the project )NP )PP )NP )NP )PP )VP )S )SBAR )NP )PP )VP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP (VP has (VP rejected (NP (NP a few prospective tenants )NP (SBAR (WHNP who )WHNP (S (VP provided (NP `` *UNK '' financial information )NP )VP )S )SBAR )NP )VP )VP and (VP acknowledges (SBAR that (S (NP *UNK operators )NP `` (VP are not (ADJP easily *UNK )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S '' -LRB- (NP *UNKC )NP (VP stress (SBAR that (S (NP building owners )NP (VP are (NP victims )NP , (ADVP too )ADVP , (SBAR since (S (NP boiler rooms )NP (ADVP often )ADVP (VP leave (PP without (S (VP paying (NP rent )NP )VP )S )PP )VP )S )SBAR )VP )S )SBAR )VP . -RRB- )S  STOP
(S (NP (NP Richard *UNKC )NP , (NP (NP president )NP (PP of (NP (NP the Newport *UNKC Area Chamber )NP (PP of (NP Commerce )NP )PP )NP )PP )NP , )NP (VP calls (S (NP boiler rooms )NP (NP (NP a `` negative )NP (SBAR (S (NP we )NP (VP wish (SBAR (S (NP we )NP (VP could (VP get (VP rid (PP of )PP )VP )VP )VP )S )SBAR )VP )S )SBAR )NP )S )VP . '' )S  STOP
(S (ADVP *UNKLY )ADVP , `` (NP we )NP (VP do n't (VP get (NP (NP much negative publicity )NP (PP about (NP this )NP )PP )NP (PRN , '' (S (NP he )NP (VP insists )VP )S , )PRN `` (PP except (PP for (NP (NP the press )NP (SBAR (WHNP who )WHNP (S (VP write (PP about (NP it )NP )PP )VP )S )SBAR )NP )PP )PP )VP )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP is (NP (NP deputy chief )NP (PP of (NP (NP The Wall Street Journal 's )NP Dallas bureau )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP (VP *UNKC (PP to (NP college )NP )PP )VP and (VP thought (SBAR (S (NP you )NP (VP got (NP an education )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP Now )ADVP (NP you )NP (VP discover (SBAR that (S (NP you )NP (ADVP never )ADVP (VP learned (NP (NP the (ADJP most important )ADJP lesson )NP : (SBAR (WHADVP How )WHADVP (S (VP to (VP send (NP your kids )NP (PP to (NP college )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (S (ADJP *UNKC )ADJP )S , (SBAR (WHADVP when )WHADVP (S (NP you )NP (VP went (PP to (NP college )NP )PP )VP )S )SBAR , (NP there )NP (VP was n't (NP (NP that much )NP (SBAR (S (VP to (VP learn )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (VP (VP *UNKC (NP some money )NP (PP in (NP an *UNKING account )NP )PP )VP and (VP watch (S (NP it )NP (VP grow )VP )S )VP )VP . )S  STOP
(S (ADVP Now )ADVP , (NP investment salesmen )NP (VP say (SBAR (S (NP it )NP (VP 's (NP (NP time )NP (SBAR (S (VP to (VP take (NP some risks )NP )VP )VP )S )SBAR )NP (SBAR if (S (NP you )NP (VP want (NP (NP the kind )NP (PP of (NP returns )NP )PP (SBAR (WHNP that )WHNP (S (VP will (VP buy (NP your *UNK )NP (NP (NP a ticket )NP (PP to (NP *UNKC *UNK )NP )PP )NP (PP in (NP 18 years )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP short )NP )PP , (VP (VP throw (ADVP away )ADVP (NP the *UNK )NP )VP and (VP go (PP for (NP the *UNK )NP )PP )VP )VP . )S  STOP
(S (NP The reason )NP (VP is (NP cost )NP )VP . )S  STOP
(S (NP (NP Nothing )NP (PP in (NP (NP the *UNK )NP (PP of (NP tuition )NP )PP )NP )PP )NP (VP *UNKED (NP parents )NP (PP for (NP the 1980s )NP )PP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP at (NP private *UNK )NP )PP )NP (VP rose (NP *UNKN % )NP (PP in (NP (NP the 10 years )NP (VP ended (PP in (NP (NP June )NP (PP of (NP this year )NP )PP )NP )PP )VP )NP )PP )VP )S ; (S (NP that )NP (VP 's (NP (NP twice the (ADJP 77 % )ADJP increase )NP (PP in (NP (NP consumer prices )NP (PP for (NP the same period )NP )PP )NP )PP )NP )VP )S . )S  STOP
(S (NP (NP A year )NP (PP at (NP Harvard )NP )PP )NP (ADVP now )ADVP (VP goes (PP for (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (PP By (NP (NP 2007 )NP , (SBAR (WHADVP when )WHADVP (S (NP (NP this year 's )NP *UNK )NP (VP hit (NP *UNK )NP )VP )S )SBAR , )NP )PP (NP a four-year *UNKC League *UNK )NP (VP will (VP cost (NP (NP $ 300,000 )NP , (PP give or take (NP (NP (QP a few )QP *UNKING )NP (PP at (NP *UNK time )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP *UNKC )NP and (NP other *UNK )NP )NP (VP will (VP cost (NP no less )NP )VP )VP . )S  STOP
(SBARQ So (WHNP what )WHNP (SQ 's (NP a parent )NP (VP to (VP do )VP )VP )SQ ? )SBARQ  STOP
(S (NP Some investment advisers )NP (VP are (VP suggesting , (PP in (NP effect )NP )PP , (NP (NP a bet )NP (PP (PP on (NP a start-up investment pool )NP )PP -- maybe even (PP on (NP margin )NP )PP )PP )NP )VP )VP . )S  STOP
(S (NP Others )NP (VP prefer (NP *UNK- zero-coupon bonds )NP )VP . )S  STOP
(S (NP Still others )NP (VP say , (SBARQ (WHADVP Why )WHADVP (SQ not (VP take (NP a chance )NP (PP on (NP a *UNK- growth fund )NP )PP )VP )SQ ? )SBARQ )VP )S  STOP
(S `` (S (NP You )NP (VP 're not (VP going (S (VP to (VP make (NP it )NP (PP in (NP a (ADJP 5 % )ADJP bank account )NP )PP )VP )VP )S )VP )VP )S , '' (VP says )VP (NP (NP James *UNKC )NP , (NP (NP director )NP (PP of (NP mutual funds )NP )PP (PP at (NP T. Rowe Price )NP )PP )NP )NP . )S  STOP
(S (S (VP To (VP get (NP the necessary growth )NP )VP )VP )S (PRN , (SINV (VP adds )VP (NP (NP Murray *UNKC )NP , (NP (NP a marketing official )NP (PP at (NP the Financial *UNKC mutual-fund group )NP )PP )NP )NP )SINV , )PRN `` (NP you )NP (VP need (S (VP to (VP go (PP to (NP the stock market )NP )PP )VP )VP )S )VP . '' )S  STOP
(S (PP In (NP other words )NP )PP , (NP a little volatility )NP (ADVP never )ADVP (VP hurt )VP . )S  STOP
(S (NP It )NP (ADVP never )ADVP (VP hurt (NP anyone )NP (PRN , (INTJ that is )INTJ , )PRN (SBAR unless (S (NP the growth funds )NP (VP do n't (VP grow (SBAR (WHADVP when )WHADVP (S (NP you )NP (VP need (S (NP them )NP (VP to )VP )S )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S Or (NP the zero-coupon bonds )NP (VP turn (PRT out )PRT (S not (VP to (VP have (VP been (VP discounted (ADVP deeply enough (S (VP to (VP pay (NP (NP your *UNK 's )NP tuition )NP )VP )VP )S )ADVP )VP )VP )VP )VP )S )VP . )S  STOP
(S (NP That )NP (VP 's (NP the *UNK )NP (PP for (NP (NP today 's )NP parent )NP )PP )VP . )S  STOP
(S (SBAR Although (S (NP many experts )NP (VP are (VP advising (NP risk )NP )VP )VP )S )SBAR , (NP no one )NP (VP has (NP (NP a good answer )NP (PP for (NP you )NP )PP )NP (SBAR if (S (NP the risk )NP (VP does n't (VP pay (PRT off )PRT )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP may (VP be (PP on (NP the way )NP )PP )VP )VP . )S  STOP
(S (NP (NP The antitrust division )NP (PP of (NP the Justice Department )NP )PP )NP (VP is (VP investigating (NP (NP the (ADJP *UNKLY similar )ADJP tuition charges and increases )NP (PP among (NP the top schools )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP the price police )NP )PP )NP (VP could (VP help (VP cool (NP things )NP (PRT off )PRT (PP in (NP the 1990s )NP )PP )VP )VP )VP . )S  STOP
(S And (ADVP then )ADVP (NP there )NP (VP 's (ADVP always )ADVP (NP State *UNK )NP )VP . )S  STOP
(S But (NP (NP (NP parents ' )NP *UNKING )NP (PP for (NP (NP a *UNKED education )NP (PP for (NP their children )NP )PP )NP )PP )NP (VP is (VP growing (PP like (NP (NP their taste )NP (PP for (NP (NP fancy *UNK )NP and (NP *UNK wine )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (ADVP *UNKLY )ADVP (ADJP aware (PP of (NP public concern )NP )PP )ADJP )S , (NP (NP lawmakers )NP and (NP financial middlemen )NP )NP (VP are (VP working (ADVP overtime )ADVP (S (VP to (VP create and sell (NP college savings and investment schemes )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Their message )NP , (ADJP *UNK or *UNK )ADJP , )NP (VP is (SBAR that (S (NP a good college )NP (VP will (VP cost (NP so much )NP (PP by (SBAR (WHADVP whenever )WHADVP (S (NP you )NP (VP want (NP it )NP )VP )S )SBAR )PP (SBAR that (S (NP the (ADJP tried and true )ADJP )NP (VP wo n't (VP do (ADVP anymore )ADVP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (VP *UNKC (PP about (NP (NP Treasury bills )NP or (NP a money-market fund )NP )NP )PP )VP . )S  STOP
(S (NP (NP The latest wave )NP (PP of (NP marketing )NP )PP )NP (VP is (ADJP *UNK )ADJP )VP . )S  STOP
(S (NP (NP Several *UNK )NP -- (PP including (NP (NP the Financial *UNKC )NP , (NP Franklin )NP , and (NP T. Rowe Price mutual-fund groups )NP and (NP the Edward D. Jones brokerage house )NP )NP )PP -- )NP (VP are (VP advertising (NP (NP `` college planner '' tables and *UNK )NP (SBAR (WHNP that )WHNP (S (VP tell (NP you )NP (SBAR (WHNP how much )WHNP (S (NP you )NP (VP need (S (VP to (VP put (ADVP aside )ADVP (ADVP regularly )ADVP )VP )VP )S )VP )S )SBAR )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP The calculations )NP (ADVP generally )ADVP (VP rely (PP on (NP (NP an after-tax rate )NP (PP of (NP return )NP )PP (PP of (NP (NP (NP 8 % )NP (ADVP annually )ADVP )NP -- (NP (NP a rate )NP (ADJP historically *UNK (PP by (NP the individual )NP )PP (PP in (NP (NP (QP only one )QP place )NP , (NP the stock market )NP )NP )PP )ADJP )NP )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP (NP Most )NP (PP of (NP the *UNK )NP )PP )NP (VP are (ADJP free )ADJP )VP )S , but (S (NP *UNKED Financial *UNKC )NP (VP sells , (PP for (NP $ 15 )NP )PP , (NP (NP a version )NP (VP *UNKED (PP to (NP (NP (NP the age )NP (PP of (NP the child )NP )PP )NP and (NP (NP the college )NP (PP of (NP choice )NP )PP )NP )NP )PP )VP )NP )VP )S . )S  STOP
(S (NP The figures )NP (VP are (ADJP *UNKING )ADJP )VP . )S  STOP
(S (S (VP To (VP build (NP (NP a *UNK egg )NP (SBAR (WHNP that )WHNP (S (VP would (VP pay (PP for (NP *UNKC )NP )PP (SBAR (WHADVP when )WHADVP (S (NP a current *UNK- )NP (VP reaches (NP college age )NP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )VP )S , (NP parents )NP (VP would (VP need (S (VP to (VP set (ADVP aside )ADVP (NP (NP $ *UNKN )NP (NP a month )NP )NP -- (PP for (NP 12 years )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP They )NP (VP can (VP cut (NP this )NP (PP to (NP (NP $ *UNKN )NP (NP a month )NP )NP )PP (SBAR if (S (NP the investing )NP (VP keeps (PRT up )PRT (PP through (NP college )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S And (NP they )NP (VP can (VP (ADVP further )ADVP reduce (NP the monthly amount )NP (SBAR if (S (NP they )NP (VP start (VP saving (ADVP earlier )ADVP -- (SBAR (WHADVP when )WHADVP (S (NP mother and child )NP (VP come (NP home )NP (PP from (NP the hospital )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (VP *UNKING (NP a cheaper college )NP (PP into (NP the *UNK )NP )PP )VP )S (ADVP still )ADVP (VP does n't (VP generate (NP (NP an installment )NP (SBAR (S (NP most people )NP (VP can (VP live (PP with )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (S (VP Using (NP (NP a recent average *UNK- cost )NP (PP of (NP (NP (QP about $ *UNKN )QP )NP (NP a year )NP )NP )PP )NP )VP )S , (NP (NP T. Rowe Price 's )NP planner )NP (VP *UNK (NP (NP $ 450 )NP (ADVP monthly )ADVP )NP (SBAR if (S (NP the plan )NP (VP begins (SBAR (WHADVP when )WHADVP (S (NP the child )NP (VP is (NP six )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (SBAR Since (S (NP the formula )NP (VP assumes (NP (NP an (ADJP 8 % )ADJP *UNK- return )NP (PP in (NP a mutual fund )NP )PP )NP )VP )S )SBAR , (NP there )NP (VP would (ADVP also )ADVP (VP be (NP (NP $ *UNKN )NP (PP in (NP taxes )NP )PP (SBAR (S (VP to (VP pay (PP over (NP the 12 years )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP Not everyone )NP (VP is (ADJP so pessimistic )ADJP )VP . )S  STOP
(SINV `` (S (NP People )NP (VP are (ADVP basically )ADVP (VP *UNKING (NP (NP a lot )NP (PP of (NP fear )NP )PP )NP )VP )VP )S , '' (VP says )VP (NP (NP Arthur *UNKC )NP , (NP (NP a consultant )NP (PP to (NP (NP (NP the American Council )NP (PP on (NP Education )NP )PP )NP (PP in (NP Washington )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP He )NP (VP takes (NP issue )NP (PP with (NP (NP projections )NP (SBAR (WHNP that )WHNP (S (VP do n't (NP factor (PRT in )PRT (NP (NP (NP students ' )NP own contribution )NP , (SBAR (WHNP which )WHNP (S (VP reduces (NP (NP most parents ' )NP burden )NP (ADVP substantially )ADVP )VP )S )SBAR )NP )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (ADVP Still )ADVP (PRN , (S (NP he )NP (VP says )VP )S , )PRN `` (NP it )NP (VP 's (NP no bad thing )NP '' (SBAR if (S (NP all the marketing )NP (VP *UNK (NP people )NP (PP into (S (VP putting (ADVP aside )ADVP (NP a little more )NP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP (NP The situation )NP (SBAR (S (NP you )NP (VP want (S (VP to (VP avoid )VP )VP )S )VP )S )SBAR )NP (VP is (S (VP having (S (NP somebody )NP (VP (VP not save (NP anything )NP )VP and (VP hope (SBAR (S (NP they )NP (VP 'll (VP be (ADJP able (S (VP to (VP do (NP it )NP (PP out (PP of (NP current income )NP )PP )PP )VP )VP )S )ADJP )VP )VP )S )SBAR )VP )VP )S )VP )S )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (NP That )NP (VP 's (ADJP crazy )ADJP )VP . '' )S  STOP
(NP (NP His advice )NP : (S (VP Do n't (VP panic )VP )VP )S . )NP  STOP
(S (NP *UNKC )NP (PRN , (S (NP he )NP (VP says )VP )S , )PRN (VP should (VP aim (PP at (SBAR (WHNP whatever regular investment sum )WHNP (S (NP they )NP (VP can (VP afford )VP )VP )S )SBAR )PP )VP )VP . )S  STOP
(S (S (NP (QP *UNKC )QP (NP the amount )NP (SBAR (WHNP that )WHNP (S (NP the investment tables )NP (VP suggest )VP )S )SBAR )NP (VP might (VP be (NP a good goal )NP )VP )VP )S , (NP he )NP (VP adds )VP . )S  STOP
(S (NP That way )NP , (NP parents )NP (VP will (VP reduce (NP (NP borrowings )NP and (NP (NP outlays )NP (PP from (NP current income )NP )PP )NP )NP (SBAR (WHADVP when )WHADVP (S (NP (NP the time )NP )NP (VP comes (SBAR (S (VP to (VP pay (NP tuition )NP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP *UNK (SBAR that (S (NP the best investment choice )NP (VP is (NP mutual funds )NP (SBAR because (S (NP they )NP (VP (VP are (VP managed )VP )VP and (VP (PP over (NP time )NP )PP have (ADVP nearly )ADVP (VP kept (PRT up )PRT (PP with (NP the broad stock averages )NP )PP )VP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP favors (NP either (NP an *UNK- fund )NP or (NP (NP a *UNKED fund )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP both stocks and bonds )NP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (PP In (NP their anxiety )NP )PP , (ADVP however )ADVP , (NP (NP parents )NP and (NP other student *UNK )NP )NP (VP are (VP *UNKING (PP to (NP new schemes )NP )PP )VP )VP . )S  STOP
(S (NP They )NP (VP have (VP laid (PRT out )PRT (NP (QP about $ 1 billion )QP )NP (PP for (NP (NP so-called *UNK zero-coupon municipal bonds )NP -- (VP (ADVP so far )ADVP offered (PP by (NP (NP Connecticut )NP , (NP Illinois )NP , (NP Virginia )NP and (NP eight other states )NP )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S And (NP they )NP (VP have (VP bought (NP (NP (QP about $ 500 million )QP )NP (PP in (NP (NP *UNK- plans )NP , (VP offered (PP in (NP Michigan , Florida and *UNKING )NP )PP )VP )NP )PP )NP )VP )VP . )S  STOP
(S (NP The prepaid plans )NP (VP take (NP (NP payment )NP )NP (NP today )NP -- (PP (ADVP usually )ADVP (PP at (NP current *UNK )NP )PP or (PP at (NP a slight discount )NP )PP )PP -- (PP for (NP a promise (SBAR that (S (NP tuition )NP (VP will (VP be (VP covered (NP tomorrow )NP )VP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP The *UNK bonds )NP -- (ADJP tax-free )ADJP , (VP (VP offered (PP in (NP small denominations )NP )PP )VP and (VP (ADVP usually )ADVP containing (NP a provision (SBAR that (S (NP they )NP (VP wo n't (VP be (VP called (PP before (NP maturity )NP )PP )VP )VP )VP )S )SBAR )NP )VP )VP -- )NP (VP seem (S (VP to (VP be (ADJP *UNK- (PP for (NP college *UNK )NP )PP )ADJP )VP )VP )S )VP . )S  STOP
(S (PP Like (NP other *UNK )NP )PP , (NP they )NP (VP pay (NP all their interest )NP (PP at (NP maturity )NP )PP , (S (VP meaning (SBAR that (S (NP buyers )NP (VP can (VP time (NP things )NP (SBAR so that (S (NP their bonds )NP (VP pay (PRT off )PRT (SBAR (WHADVP just when )WHADVP (S (NP *UNKC )NP (VP *UNK (PP from (NP high school )NP )PP )VP )S )SBAR )VP )S )SBAR )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP Their *UNKING effect )NP (VP is (ADVP also )ADVP (ADJP *UNKING )ADJP )VP . )S  STOP
(S (PP In (NP June )NP )PP , (NP Virginia )NP (VP sold (NP (NP bonds )NP (PP for (NP $ *UNKN )NP )PP (SBAR (WHNP that )WHNP (S (VP will (VP pay (NP $ 1,000 )NP (PP in (NP 2009 )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S But (NP (NP Richard Anderson )NP , (NP (NP head )NP (PP of (NP (NP (NP the *UNKC )NP (PP for (NP College Financing *UNKC )NP )PP )NP , (PP at (NP Columbia University )NP )PP , (NP (NP a research group )NP (VP (ADVP partly )ADVP financed (PP by (NP the federal government )NP )PP )VP )NP )NP )PP )NP , )NP (VP says (SBAR (S (NP *UNK )NP (VP are (ADJP particularly *UNKED )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP Their price )NP (VP falls (ADVP (ADVP further )ADVP (PP than (NP (NP that )NP (PP of (NP other bonds )NP )PP )NP )PP )ADVP (SBAR (WHADVP when )WHADVP (S (NP (NP inflation )NP and (NP interest rates )NP )NP (VP *UNK (PRT up )PRT )VP )S )SBAR )VP . )S  STOP
(S (S (NP That )NP (VP wo n't (VP matter (SBAR if (S (NP they )NP (VP are (VP held (PP to (NP maturity )NP )PP )VP )VP )S )SBAR )VP )VP )S , but (S (SBAR if , (S (PP for (NP any reason )NP )PP , (NP the parents )NP (VP need (S (VP to (VP sell (NP them )NP (PP before (NP then )NP )PP )VP )VP )S )VP )S )SBAR , (NP there )NP (VP could (VP be (NP (NP a severe loss )NP (PP of (NP principal )NP )PP )NP )VP )VP )S . )S  STOP
(S (S (SBAR (SBAR (SINV *UNKC (NP *UNK )NP (VP been (ADJP available )ADJP (PP in (NP 1972 )NP )PP )VP )SINV )SBAR and (SBAR had (S (NP parents )NP (VP bought (NP (NP a face amount )NP (ADJP equal (PP to (NP (NP four years ' )NP tuition )NP )PP )ADJP )NP (PP at (NP the time )NP )PP , (S (VP *UNKING (PP for (NP (NP their children 's )NP 1988 *UNK )NP )PP )VP )S )VP )S )SBAR )SBAR , (NP they )NP (VP would (VP have (VP been (VP left (PP with (NP only enough (S (VP to (VP pay (PP for (NP two years )NP )PP )VP )VP )S )NP )PP )VP )VP )VP )VP )S , (NP Mr. Anderson )NP (VP figures )VP . )S  STOP
(S (NP Most other bonds )NP , (ADVP however )ADVP , (VP would (ADVP probably )ADVP not (VP have (VP *UNKED (ADVP much better )ADVP )VP )VP )VP . )S  STOP
(S (NP The prepaid plans )NP (VP may (VP be (NP a good bet )NP , (PP provided (SBAR (S (NP (NP the guarantee )NP (PP of (NP future tuition )NP )PP )NP (VP is (ADJP secure )ADJP )VP )S )SBAR )PP )VP )VP . )S  STOP
(S (S (NP *UNKING states )NP (ADVP generally )ADVP (VP limit (NP the guarantees )NP (PP to (NP *UNK- institutions )NP )PP , (ADVP however )ADVP )VP )S , and (S (NP buyers )NP (VP get (NP (NP refunds )NP (PP without (NP much interest )NP )PP )NP (SBAR if (S (NP the children )NP (VP do n't (VP *UNK (NP the specified schools )NP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP Two private groups )NP (VP are (VP seeking (NP (NP Securities and Exchange Commission approval )NP (PP for (NP (NP plans )NP (SBAR (WHNP that )WHNP (S (VP could (VP be (ADVP (ADVP more broadly )ADVP *UNK )ADVP )VP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP Mr. Anderson )NP (VP wants (S (NP the *UNK colleges )NP (VP to (VP sponsor (NP such a plan )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP The issue )NP (ADVP here )ADVP )NP (VP may (VP be (NP (NP the *UNK )NP (PP of (NP the guarantee )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (PP (ADVP much )ADVP like (NP mutual-fund purchases )NP )PP , )NP (VP are (VP *UNKED (PP for (NP investment )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP are (ADVP naturally )ADVP (VP counting (PP on (NP their ability (S (VP to (VP keep (ADJP ahead (PP of (NP tuition inflation )NP )PP )ADJP (PP with (NP investment returns )NP )PP )VP )VP )S )NP )PP )VP )VP . )S  STOP
(S (S But (NP buyers )NP (VP are (ADVP essentially )ADVP (VP betting (PP on (NP (NP a start-up investment fund )NP (PP with (NP no track record )NP )PP )NP )PP )VP )VP )S -- and (S (NP some )NP (VP have (VP been (VP encouraged (S (VP to (VP borrow (S (VP to (VP do (ADVP so )ADVP )VP )VP )S )VP )VP )S )VP )VP )VP )S . )S  STOP
(S (NP One problem )NP (VP is (SBAR that (S (NP the Internal Revenue Service )NP (VP has (VP decided (SBAR that (S (NP (NP the investment earnings and gains )NP (PP of (NP (NP the sponsors ' )NP funds )NP )PP )NP (VP are (ADJP taxable )ADJP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The colleges )NP , (PP as (NP educational institutions )NP )PP , (VP had (VP hoped (SBAR (S (NP that )NP (VP would n't (VP be (NP the case )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP Based (PP on (NP (NP historical rates )NP (PP of (NP return )NP )PP )NP )PP )PP , (NP Mr. Anderson )NP (VP *UNK (SBAR (S (NP (NP a (ADJP 100 % )ADJP stock portfolio )NP , (VP *UNKED (PP to (NP the market )NP )PP )VP , )NP (VP would (VP have (VP kept (PRT up )PRT (PP with (NP tuition and taxes )NP )PP (PP in (NP the *UNK century )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP sponsors )NP (VP might not (VP pick (NP (NP the stocks )NP (SBAR (WHNP that )WHNP (S (VP will (VP match (NP the market )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S And (NP they )NP (VP 're (VP *UNKING (ADVP more )ADVP (PP toward (NP (NP fixed income )NP , (SBAR (WHNP (NP whose returns )NP (PP after (NP tax )NP )PP )WHNP (S (VP have (VP *UNKED (NP tuition increases )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP I )NP (VP 'm not (ADJP sure (SBAR (S (NP they )NP (VP 're (VP going (S (VP to (VP make (S (NP it )NP (VP work )VP )S )VP )VP )S )VP )VP )S )SBAR )ADJP )VP )S , '' (VP says )VP (NP Mr. Anderson )NP . )SINV  STOP
(SBARQ (WHNP What )WHNP (SQ (VP happens (SBAR if (S (NP the sponsors )NP (VP do n't (VP have (NP (NP the cash )NP (SBAR (S (VP to (VP pay (NP the *UNK )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )SQ ? )SBARQ  STOP
(S (NP Florida and Wyoming )NP (VP have (VP backed (PRT up )PRT (NP their guarantees )NP (PP with (NP (NP the full faith and credit )NP (PP of (NP the state governments )NP )PP )NP )PP , (S (VP meaning (SBAR that (S (NP taxpayers )NP (VP will (VP pick (PRT up )PRT (NP any *UNK )NP )VP )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(FRAG (ADVP Not so )ADVP (NP Michigan )NP . )FRAG  STOP
(S (NP Its plan )NP (VP is (VP set (PRT up )PRT (PP as (NP an independent agency )NP )PP )VP )VP . )S  STOP
(S (NP The state )NP (VP says (SBAR (S (S (NP there )NP (VP 's (NP no worry )NP )VP )S -- (S (NP (NP investment returns )NP , (VP combined (PP with (NP (NP fees )NP and (NP (NP the gains )NP (PP from (NP *UNKED plans )NP )PP )NP )NP )PP )VP , )NP (VP will (VP provide (NP (NP all the cash )NP (SBAR (S (NP it )NP (VP needs )VP )S )SBAR )NP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP covers (NP education )NP (PP from (NP (NP The Wall Street Journal 's )NP Boston bureau )NP )PP )VP . )S  STOP
(SINV (SBAR If (S (NP you )NP (VP start (S (VP saving (PP for (NP (NP your child 's )NP *UNK )NP )PP )VP )S (PP on (NP Jan. 1 , 1990 )NP )PP )VP )S )SBAR , (ADVP here )ADVP (VP 's )VP (NP (NP the monthly sum )NP (SBAR (S (NP you )NP (VP will (VP need (S (VP to (VP invest )VP )VP )S (S (VP to (VP pay (PP for (NP (NP four years )NP (PP at (NP (NP Yale )NP , (NP *UNKC *UNKC )NP and (NP (NP University )NP (PP of (NP Minnesota )NP )PP )NP )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP . )SINV  STOP
(S (NP *UNKC )NP (VP assume (NP (NP (NP a (ADJP 7 % )ADJP annual rise )NP (PP in (NP (NP tuition )NP , (NP fees )NP , (NP room and board )NP )NP )PP )NP and (NP an (ADJP 8 % )ADJP annual investment return )NP )NP )VP . )S  STOP
(S (VP *UNKC : (S (NP These figures )NP (VP (VP are (PP (ADVP only )ADVP for (NP mandatory charges )NP )PP )VP and (VP do n't (VP include (NP (NP books )NP , (NP transportation )NP *UNK )NP )VP )VP )VP )S )VP . )S  STOP
(X (X \* )X (PP For (NP *UNK- students )NP )PP )X  STOP
(NP (NP Source )NP : (NP PaineWebber Inc )NP . )NP  STOP
(S (PP *UNKC (NP (NP THE *UNKC farmers )NP (PP in (NP (NP the *UNK delta land )NP (PP of (NP (NP *UNKC County )NP , (NP *UNKC )NP )NP )PP )NP )PP )NP )PP , (NP (NP Allen D. *UNKC )NP (PP of (NP *UNKC )NP )PP )NP (VP was (NP (NP one )NP (PP of (NP the (ADJP (ADJP best known )ADJP and (ADJP most *UNKING )ADJP )ADJP )NP )PP )NP )VP . )S  STOP
(S (S (NP He )NP (VP sold (NP (NP *UNK- *UNK )NP (SBAR (S (VP to (VP stock (NP (NP other farmers ' )NP *UNK )NP )VP )VP )S )SBAR )NP )VP )S , and (S (NP he )NP (VP bought (ADVP back )ADVP (NP (NP *UNK- *UNK- )NP (SBAR (WHNP that )WHNP (S (NP he )NP (VP `` *UNKED '' (PP to (NP market )NP )PP (PP along (PP with (NP his own *UNK crop )NP )PP )PP )VP )S )SBAR )NP )VP )S . )S  STOP
(S And (NP he )NP (ADVP nearly always )ADVP (VP bought and sold (PP for (NP cash )NP )PP )VP . )S  STOP
(S (PP Along (NP the way )NP )PP , (NP Mr. *UNKC )NP (VP omitted (NP (NP a total )NP (PP of (NP $ 1.5 million )NP )PP )NP (PP from (NP (NP his receipts )NP (VP reported (PP on (NP (NP federal tax returns )NP (PP for (NP three years )NP )PP )NP )PP )VP )NP )PP )VP . )S  STOP
(S (NP The returns )NP (VP landed (PP in (NP (NP the hands )NP (PP of (NP (NP an Internal Revenue Service criminal investigator )NP , (NP Samuel James Baker )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Mr. Baker )NP (VP (VP interviewed )VP or (VP wrote (PP to )PP )VP (NP (NP hundreds )NP (PP of (NP (NP (NP *UNK farmers )NP , (NP *UNK- )NP and (NP *UNK )NP )NP (PP throughout (NP the South )NP )PP )NP )PP )NP (PP before (S (VP coming (PRT up )PRT (PP with (NP (NP detailed estimates )NP (PP of (NP (NP purchases and sales )NP , (PP in (NP pounds and dollars )NP )PP , (PP by (NP (NP Mr. *UNKC )NP and (NP others )NP )NP )PP )NP )PP )NP )PP )VP )S )PP )VP . )S  STOP
(S (S (ADJP *UNKC (PP to (NP Mr. *UNKC )NP )PP )ADJP )S , (NP he )NP (VP had (VP *UNKED (NP his net )NP (PP on (NP (NP a special IRS project )NP (SBAR (S (VP to (VP catch (NP (NP (NP *UNK farmers )NP and (NP *UNK )NP )NP (VP inclined (S (VP to (VP *UNK (PP on (NP their taxes )NP )PP )VP )VP )S )VP )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (S (VP *UNKED (PP with (NP the evidence )NP )PP )VP )S , (NP Mr. *UNKC )NP (VP (VP pleaded (ADJP guilty (PP to (NP (NP one charge )NP (PP of (S (VP filing (NP a false return )NP )VP )S )PP )NP )PP )ADJP )VP and (VP was (VP (VP fined (NP $ 5,000 )NP )VP and (VP sentenced (PP to (NP (NP 18 months )NP (PP in (NP prison )NP )PP )NP )PP )VP )VP )VP )VP . )S  STOP
(S (NP He )NP (ADVP also )ADVP (VP owes (NP (NP a lot )NP (PP of (NP (NP back taxes )NP , (NP interest )NP and (NP civil fraud penalties )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP A lot )NP (PP of (NP taxpayers )NP )PP (PP out (NP there )NP )PP )NP (VP are n't (ADJP (ADJP as *UNK )ADJP (SBAR as (S (NP one )NP (VP might (VP think )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP (UCP Federal and state )UCP tax *UNK )NP (VP develop (NP (NP many group targets )NP (PP for (NP investigation )NP )PP )NP , (PP on (NP (NP the basis )NP (PP of (NP (NP *UNK )NP , (NP high income )NP , (NP (NP type )NP (PP of (NP income )NP )PP )NP , or (NP (NP some other *UNK )NP (SBAR (WHNP that )WHNP (S (VP may (VP signal (NP an opportunity or tendency (S (VP to (VP (VP hide (NP income )NP )VP or (VP *UNK (NP deductions )NP )VP )VP )VP )S )NP )VP )VP )S )SBAR )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Many *UNK )NP (ADVP long )ADVP (VP have (VP seemed (S (VP to (VP be (NP (NP targets )NP )NP (PP because of (NP (NP the exotic or *UNK efforts )NP (PP of (NP some members )NP )PP (S (VP to (VP offset (NP high income )NP (PP with (NP (NP fake losses )NP (PP from (NP *UNK tax *UNK )NP )PP )NP )PP )VP )VP )S )NP )PP : (NP (NP (NP *UNK )NP (SBAR (WHNP who )WHNP (S (VP invested (PP in (NP (ADJP *UNKLY dubbed )ADJP foreign films )NP )PP )VP )S )SBAR )NP or (NP (NP airline pilots )NP (SBAR (WHNP who )WHNP (S (VP raised (NP *UNK )NP (PP on (NP (NP their days )NP (ADJP off )ADJP )NP )PP )VP )S )SBAR )NP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP *UNKC ministers )NP (VP have (VP been (VP *UNKED )VP )VP )VP . )S  STOP
(S (ADVP Now )ADVP , (NP television and radio *UNK )NP (VP are (PP under (NP scrutiny )NP )PP )VP . )S  STOP
(S (NP The IRS )NP (ADVP recently )ADVP (VP won (NP (NP part )NP (PP of (NP (NP its *UNKING battle )NP (PP with (NP (NP the Church )NP (PP of (NP *UNKC )NP )PP )NP )PP (PP over (NP *UNK )NP )PP )NP )PP )NP (SBAR (WHADVP when )WHADVP (S (NP the U.S. Supreme Court )NP (VP held (SBAR that (S (NP (NP (NP members ' )NP payments )NP (PP to (NP the church )NP )PP )NP (VP were n't (ADJP deductible )ADJP (SBAR because (S (NP the members )NP (VP received (NP services )NP (PP in (NP return )NP )PP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP IRS statistics )NP (VP show (SBAR that (S (NP (NP the (ADJP more persistent )ADJP *UNK )NP (PP of (NP income )NP )PP (PP among (NP (NP sole *UNK )NP (PP of (NP businesses )NP )PP )NP )PP )NP (VP include (NP (NP *UNK- dealers )NP , (NP entertainment producers )NP , (NP *UNK )NP , (NP *UNK )NP , and (NP *UNK owners )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Small businesses )NP (PP in (NP general )NP )PP )NP (VP account (PP for (NP (NP (QP almost 40 )QP % )NP (PP of (NP *UNKED personal income )NP )PP )NP )PP )VP )S , (NP the IRS )NP (VP has (VP said )VP )VP . )S  STOP
(S (SBAR Once (S (NP such abuses )NP (VP become (ADJP so *UNK )ADJP )VP )S )SBAR , (NP the IRS )NP (VP (VP builds (NP another factor )NP (PP into (NP (NP its secret computer formula )NP (PP for (S (VP *UNKING (NP returns )NP (PP for (NP audit )NP )PP )VP )S )PP )NP )PP )VP and (VP does n't (VP need (NP special projects )NP (PP for (NP them )NP )PP )VP )VP )VP . )S  STOP
(S (NP San *UNKC )NP (VP have (NP (NP a (ADJP much higher )ADJP *UNK )NP (PP of (NP audits )NP )PP (PP than (NP average )NP )PP )NP (SBAR (SBAR because (S (NP (NP more )NP (PP of (NP them )NP )PP )NP (VP score (ADVP high )ADVP (PP under (NP that formula )NP )PP )VP )S )SBAR , not (SBAR because (S (NP IRS agents )NP (VP *UNK (NP their life styles )NP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP (NP Many *UNK )NP (PP for (NP mass *UNKING )NP )PP , (PP such as (NP questionable (NX (NX tax shelters )NX and (NX home offices )NX )NX )NP )PP , )NP (VP have (VP *UNKED (ADVP so broadly (SBAR that (S (NP Congress )NP (VP has (VP passed (NP *UNK laws )NP (S (VP to (VP close (NP them )NP )VP )VP )S )VP )VP )S )SBAR )ADVP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP (NP charitable *UNK )NP (PP of (NP (ADJP highly valued )ADJP art )NP )PP )NP )PP )NP (ADVP now )ADVP (VP must (VP be (VP accompanied (PP by (NP *UNK )NP )PP )VP )VP )VP . )S  STOP
(S And (NP (NP laws )NP (VP requiring (NP (NP the reporting )NP (PP of (NP (NP more *UNK )NP (PP of (NP transactions )NP )PP )NP )PP )NP )VP )NP (VP have (VP enabled (S (NP the IRS )NP (VP (VP to (VP rely (PP on (NP computers )NP )PP (S (VP to (VP *UNK (PRT out )PRT (NP (NP discrepancies )NP (PP with (NP returns )NP )PP )NP )VP )VP )S )VP )VP and (VP to (VP generate (NP (NP *UNK- inquiries )NP (PP to (NP taxpayers )NP )PP )NP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP *UNKED *UNK income )NP (VP can (VP be (VP *UNKED (PP by (NP computer )NP )PP (SBAR because (S (NP (NP (NP a *UNK )NP (PP of (NP *UNK )NP )PP )NP (PRN -LRB- (SBAR (WHNP who )WHNP (S (VP gets (NP a *UNK )NP )VP )S )SBAR -RRB- )PRN )NP (VP must (VP report (NP (NP the former *UNK 's )NP Social Security number )NP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP *UNKC *UNK )NP (ADVP now )ADVP (VP must (VP give (NP Social Security numbers )NP , (S (VP *UNKING (S (NP the IRS )NP (VP to (VP see (SBAR whether (S (NP (NP Americans )NP (VP living (ADVP abroad )ADVP )VP )NP (VP are (VP filing (NP required U.S. returns )NP )VP )VP )S )SBAR )VP )VP )S )VP )S )VP )VP . )S  STOP
(S But (SBAR while (S (NP IRS computers )NP (VP focus (ADVP routinely )ADVP (PP on (NP (NP target groups )NP (PP like (NP these )NP )PP )NP )PP )VP )S )SBAR , (NP the agency )NP (VP has (VP assigned (NP many agents )NP (PP to (NP (NP special projects )NP (SBAR (WHNP that )WHNP (S (VP need (NP more personal attention )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (PP In (NP most cases )NP )PP (PRN , (S (NP the IRS )NP (VP says )VP )S , )PRN (NP these projects )NP (VP (VP are (ADJP local or regional , (PP rather than (ADJP national )ADJP )PP )ADJP )VP , and (VP *UNK (SBAR because (S (NP (NP *UNK )NP (PP in (NP an area )NP )PP )NP (VP *UNK (NP (NP some pattern )NP (PP of (NP abuse )NP )PP (PP among , (INTJ say )INTJ , (NP (NP (NP factory workers )NP (VP claiming (SBAR that (S (S (VP having (NP (NP a *UNK )NP (PP of (NP *UNK )NP )PP )NP )VP )S (VP *UNK (NP them )NP (PP from (NP tax *UNKING )NP )PP )VP )S )SBAR )VP )NP or (NP (NP *UNK owners )NP (VP *UNKING (NP (NP losses )NP (PP from (NP *UNK charter businesses )NP )PP )NP )VP )NP )NP )PP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The national office )NP (ADVP currently )ADVP (VP has (NP 21 *UNK audit projects )NP , (PP according (PP to (NP (NP Marshall V. *UNKC )NP , (NP (NP deputy assistant commissioner )NP (PP for (NP examination )NP )PP )NP )NP )PP )PP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (VP involved (PP in (NP *UNK projects )NP )PP )VP )NP (VP ca n't (VP send (NP anyone )NP (PP to (NP jail )NP )PP )VP )VP )S , but (S (NP they )NP (VP can (VP make (S (NP life )NP (ADJP *UNK (PP in (NP other ways )NP )PP )ADJP )S -- (PRN (PP for (NP one )NP )PP , )PRN (PP by (S (VP imposing (NP (NP some )NP (PP of (NP (NP the 150 different civil penalties )NP (PP for (NP (NP *UNK )NP , (NP failure (S (VP to (VP file (NP a return )NP )VP )VP )S )NP , and (NP the like )NP )NP )PP )NP )PP )NP )VP )S )PP )VP )VP )S . )S  STOP
(S (NP The targeted audit groups )NP (VP include (NP (NP (NP direct sellers )NP -- (NP (NP people )NP (SBAR (WHNP who )WHNP (S (VP sell (NP (NP cosmetics )NP , (NP *UNK )NP and (NP other items )NP )NP (UCP (ADVP door to door )ADVP or (PP at (NP home parties )NP )PP )UCP )VP )S )SBAR )NP )NP -- and (NP (NP employers )NP (SBAR (WHNP who )WHNP (S (VP label (NP workers )NP (PP as (NP (NP independent contractors )NP (PP instead of (NP employees )NP )PP )NP )PP , (S (VP to (VP avoid (NP (NP the employer share )NP (PP of (NP payroll taxes )NP )PP )NP )VP )VP )S )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (NP Other projects )NP (VP look (PP for (NP *UNK )NP )PP (PP among (NP (NP (NP *UNK )NP (SBAR (WHNP who )WHNP (S (VP get (NP cash *UNK )NP )VP )S )SBAR )NP , (NP (NP people )NP (SBAR (WHNP who )WHNP (S (VP engage (PP in (NP large cash transactions )NP )PP )VP )S )SBAR )NP , and (NP (NP (NP people )NP (SBAR (WHNP whose returns )WHNP (S (VP show (SBAR (S (NP they )NP (VP sold (NP a home )NP (PP for (NP a profit )NP )PP (PP without (S (VP *UNKING (NP the capital gain )NP (PP in (NP another home )NP )PP (PP by (NP (NP the end )NP (PP of (NP the same year )NP )PP )NP )PP )VP )S )PP )VP )S )SBAR )VP )S )SBAR )NP ; (S (NP the gain )NP (VP must (VP be (VP rolled (PRT over )PRT (PP within (NP two years )NP )PP (S (VP to (VP defer (NP tax )NP )VP )VP )S )VP )VP )VP )S )NP )NP )PP )VP . )S  STOP
(S And (SBAR now that (S (NP returns )NP (VP must (VP show (NP (NP *UNK ' )NP Social Security numbers )NP )VP )VP )S )SBAR , (NP the IRS )NP (VP wants (S (VP to (VP see (SBAR (SBAR (WHNP which *UNK )WHNP (S (VP show (PRT up )PRT (PP on (NP (QP more than one )QP return )NP )PP )VP )S )SBAR -- and (SBAR (WHNP which *UNK )WHNP (S (VP turn (PRT out )PRT (S (VP to (VP be (ADJP *UNKED )ADJP )VP )VP )S )VP )S )SBAR )SBAR )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP for (NP the *UNK- project )NP )PP )NP (VP came (PP from (NP (NP a congressional hearing )NP (ADVP (NP some years )NP back )ADVP )NP )PP )VP . )S  STOP
(S (S (NP It )NP (VP prompted (NP (NP an IRS study )NP (SBAR (WHNP that )WHNP (S (VP found (SBAR (S (NP many sellers )NP (VP were (VP (VP *UNKING (NP income )NP )VP and (VP treating (NP (NP large amounts )NP (PP of (NP (NP *UNK travel )NP and (NP other personal expenses )NP )NP )PP )NP (PP as (NP business costs )NP )PP )VP )VP )VP )S )SBAR )VP )S )SBAR )NP )VP )S , (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S (NP The study )NP (VP provided (NP (NP criteria )NP (PP for (S (VP *UNKING (PRT out )PRT (NP (NP returns )NP (PP of (NP (NP `` (ADJP potentially *UNK )ADJP '' taxpayers )NP (SBAR (WHNP who )WHNP (S (VP report (NP (NP (NP low income )NP and (NP large expenses )NP )NP (PP from (NP a *UNK- business )NP )PP )NP )VP )S )SBAR )NP )PP )NP )VP )S )PP )NP )VP . )S  STOP
(S (NP The Tax Court )NP (ADVP recently )ADVP (VP denied (NP (NP business deductions )NP (PP by (NP (NP Mr. and Mrs. Peter S. Rubin )NP (PP of (NP (NP *UNKC Hill )NP , (NP N.J. )NP )NP )PP , (SBAR (WHNP who )WHNP (S both (VP were (NP (NP *UNK- distributors )NP (PP of (NP *UNKC products )NP )PP )NP (PP in (NP (NP addition )NP (PP to (NP (NP their regular jobs )NP (PP as (NP (NP sales people )NP (PP in (NP other fields )NP )PP )NP )PP )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (PP For (NP 1984 )NP )PP , (NP they )NP (VP reported (NP (NP gross income )NP (PP of (NP $ *UNKN )NP )PP (PP from (NP *UNKC sales )NP )PP , (VP offset (PP by (NP (NP expenses )NP (VP totaling (NP $ *UNKN )NP )VP -- (PP including (NP (NP (NP car costs )NP (PP of (NP $ *UNKN )NP )PP )NP and (NP (NP travel and entertainment costs )NP (PP of (NP $ *UNKN )NP )PP )NP )NP )PP )NP )PP )VP )NP )VP . )S  STOP
(S (NP The Tax Court )NP (VP did n't (VP believe (SBAR that (S (NP (NP the *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP earned (NP $ *UNKN )NP (PP in (NP their regular jobs )NP )PP )VP )S )SBAR )NP , (VP (VP treated (NP the *UNK )NP (PP as (NP a real business )NP )PP )VP and (VP *UNKED `` (NP (NP (NP (ADJP merely *UNK )ADJP elements )NP (PP of (NP *UNK )NP )PP )NP and (NP other personal *UNK and benefits )NP )NP '' (PP from (NP it )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP The Direct *UNKING Association )NP , (NP a trade group )NP , )NP (VP points (PRT out )PRT (SBAR that (S (NP (NP its members )NP , (SBAR (WHNP which )WHNP (S (VP include (NP *UNKC Corp. )NP )VP )S )SBAR , )NP (VP (VP cooperate (PP with (NP the IRS )NP )PP (S (VP to (VP distribute (NP *UNK- material )NP (PP to (NP sales people )NP )PP )VP )VP )S )VP and (VP are (VP helping (S (VP to (VP prepare (NP (NP a *UNK- television program )NP (PP on (NP the subject )NP )PP )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The *UNK- project )NP , (SBAR (WHNP which )WHNP (S (VP began (PP in (NP 1988 )NP )PP )VP )S )SBAR , )NP (VP involves (NP (QP about 350 )QP IRS agents )NP )VP . )S  STOP
(S (PP In (NP (NP the fiscal nine months )NP (VP ended (NP June 30 )NP )VP )NP )PP (PRN , (SINV (VP reports )VP (NP (NP Raymond P. Keenan )NP , (NP (NP assistant commissioner )NP (PP for (NP collection )NP )PP )NP )NP )SINV , )PRN (NP they )NP (VP (VP *UNKED (NP (QP about *UNKN )QP employers )NP )VP , (VP *UNKED (NP (NP (QP more than $ 67 million )QP )NP (PP in (NP *UNK employment taxes )NP )PP )NP )VP , and (VP *UNKED (NP (QP about *UNKN )QP workers )NP (PP as (NP (NP employees )NP (PP instead of (NP *UNKED contractors )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The number )NP (PP of (NP *UNKED workers )NP )PP )NP (VP may (VP be (PP in (NP the millions )NP )PP , (S (ADVP mostly )ADVP (VP paid (PP by (NP small firms )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP (NP Many workers )NP , especially (NP professionals )NP , )NP (VP want (S (VP to (VP remain (ADJP independent )ADJP )VP )VP )S (S (VP (VP to (VP avoid (NP tax *UNKING )NP )VP )VP and (VP to (VP continue (S (VP to (VP *UNK (NP (NP many expenses )NP (SBAR (WHNP that )WHNP (S (NP employees )NP (VP ca n't )VP )S )SBAR )NP )VP )VP )S )VP )VP )VP )S )VP . )S  STOP
(S (S But (NP (NP many others )NP , (SBAR (WHNP who )WHNP (S (VP want (S (VP to (VP qualify (PP for (NP (NP employee benefits )NP and (NP unemployment compensation )NP )NP )PP )VP )VP )S )VP )S )SBAR , )NP (VP become (NP (NP *UNK )NP (PP for (NP the IRS )NP )PP )NP )VP )S , (VP says )VP (NP (NP Jerry *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP manages (NP (NP (NP the IRS project 's )NP force )NP (PP of (NP nine agents )NP )PP (PP in (NP (ADJP north and central )ADJP Florida )NP )PP )NP (PP from (NP *UNKC )NP )PP )VP )S )SBAR )NP . )S  STOP
(S (S (NP (NP *UNKC )NP (SBAR (WHNP that )WHNP (S (VP are (VP paying (NP employment taxes )NP )VP )VP )S )SBAR )NP (ADVP also )ADVP (VP provide (NP (NP leads )NP (PP to (NP (NP competitors )NP (SBAR (WHNP that )WHNP (S (VP are n't )VP )S )SBAR )NP )PP )NP )VP )S , (NP he )NP (VP says )VP . )S  STOP
(S (PP In (NP his area )NP )PP (PRN , (S (NP Mr. *UNKC )NP (VP continues )VP )S , )PRN (NP the *UNK employers )NP (ADVP most *UNKLY )ADVP (VP are (PP in (NP construction )NP )PP -- (S (VP doing (NP (NP *UNKING )NP , (NP *UNK )NP , (NP *UNK )NP and (NP similar work )NP )NP )VP )S )VP . )S  STOP
(S But (NP (NP a medical *UNK )NP (PP with (NP (QP about 20 )QP employees )NP )PP )NP (VP (ADVP *UNKLY )ADVP listed (NP (NP all )NP (PP of (NP them )NP )PP -- (PP including (NP *UNK and *UNK )NP )PP -- )NP (PP as (NP independent contractors )NP )PP )VP . )S  STOP
(S (NP The IRS )NP (VP *UNKED (NP the *UNK )NP (NP (NP $ *UNKN )NP (PP in (NP back payroll taxes )NP )PP )NP )VP . )S  STOP
(S (NP It )NP (VP *UNKED (NP (QP nearly $ 500,000 )QP )NP (PP against (NP (NP a *UNK- company )NP (SBAR (WHNP that )WHNP (S (VP carried (NP (QP about 100 )QP (NX (NX *UNK )NX , (NX *UNK )NX , (NX *UNK )NX , (NX *UNK )NX and (NX other employees )NX )NX )NP (PP as (NP *UNKED *UNK )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (S (NP *UNKC states )NP (ADVP also )ADVP (VP are (VP becoming (NP (NP (ADJP more aggressive )ADJP *UNK )NP (PP of (NP tax *UNK )NP )PP )NP )VP )VP )S , and (ADVP perhaps )ADVP (S (NP none )NP (VP tracks (NP them )NP (PRT down )PRT (PP with (NP (NP more *UNK )NP (SBAR than (SINV (VP does )VP (NP New York )NP (SBAR since (S (NP it )NP (VP acquired (NP an (ADJP (QP $ 80 million )QP )ADJP computer system )NP (PP in (NP 1985 )NP )PP )VP )S )SBAR )SINV )SBAR )NP )PP )VP )S . )S  STOP
(S (NP (NP The state 's )NP tax *UNK )NP (VP have (VP *UNKED (NP data bases )NP (PP (PP from (NP (NP other New York agencies )NP (SBAR (WHNP that )WHNP (S (VP license or *UNK (NP professionals and businesses )NP )VP )S )SBAR )NP )PP ; (PP from (NP (NP exchange agreements )NP (PP with (NP (NP the IRS )NP , (NP 24 other states )NP , and (NP two Canadian *UNK )NP )NP )PP )NP )PP , and (ADVP even )ADVP (PP from (NP *UNK *UNKC *UNKC )NP )PP )PP )VP )VP . )S  STOP
(S (S (ADVP Thus )ADVP (VP armed (PP for (NP (NP massive matching )NP (PP of (NP documents )NP )PP (PP by (NP computer )NP )PP )NP )PP )VP )S , (NP they )NP (VP single (PRT out )PRT (NP *UNK- groups )NP , (S (VP looking (ADVP primarily )ADVP (PP for (NP (NP people )NP (SBAR (WHNP who )WHNP (S (VP have n't (VP filed (NP New York income-tax returns )NP )VP )VP )S )SBAR )NP )PP )VP )S )VP . )S  STOP
(S (NP The state )NP (VP has (VP *UNKED (PP through (NP (NP records )NP (VP relating (PP to (NP (NP architects )NP , (NP *UNK )NP , (NP (NP lawyers )NP (PP in (NP the New York City area )NP )PP )NP , (NP (NP construction workers )NP (PP from (PP out (PP of (NP the state )NP )PP )PP )PP )NP , and (NP (NP homeowners )NP (SBAR (WHNP who )WHNP (S (VP claim (S (VP to (VP be (NP (NP residents )NP (PP of (NP (NP other states )NP -- especially (NP (NP Florida )NP , (SBAR (WHNP which )WHNP (S (VP has (NP no personal income tax )NP )VP )S )SBAR )NP )NP )PP )NP )VP )VP )S )VP )S )SBAR )NP )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(SINV (SINV (ADVP Soon (S (VP to (VP feel (NP (NP the *UNK )NP (PP of (NP attention )NP )PP )NP )VP )VP )S )ADVP (VP are )VP (NP (NP (NP lawyers )NP (ADVP elsewhere (PP in (NP the state )NP )PP )ADVP )NP , (NP doctors )NP , (NP *UNK )NP , and (NP accountants )NP )NP )SINV , (VP says )VP (NP (NP Frederick G. *UNKC )NP , (NP (NP director )NP (PP of (NP (NP the *UNK- division )NP (SBAR (WHNP that )WHNP (S (VP develops (NP the *UNKING programs )NP )VP )S )SBAR )NP )PP )NP )NP . )SINV  STOP
(S (NP The department )NP (VP has (VP (VP *UNKED (NP (QP over $ 6.5 million )QP )NP (PP from (NP brokers )NP )PP (ADVP so far )ADVP )VP and (VP recommended (NP (NP (QP more than 30 )QP )NP (PP of (NP them )NP )PP )NP (PP for (NP criminal prosecution )NP )PP )VP )VP )VP . )S  STOP
(S (PP In (NP (NP the early stage )NP (PP of (S (VP *UNKING (NP (NP people )NP (PP with (NP (NP *UNK )NP (VP exceeding (NP $ 500,000 )NP )VP )NP )PP (SBAR (WHNP who )WHNP (S (VP were (VP filing (NP *UNK returns )NP )VP )VP )S )SBAR )NP )VP )S )PP )NP )PP , (NP it )NP (VP squeezed (NP (QP $ 7.5 million )QP )NP (PP out (PP of (NP (NP a man )NP (SBAR (WHNP who )WHNP (S (VP was (VP *UNKING (PP as (NP a Florida *UNK )NP )PP )VP )VP )S )SBAR )NP )PP )PP )VP . )S  STOP
(S `` (S (NP We )NP (VP think (SBAR (S (NP we )NP (VP can (VP *UNK (NP (NP (QP hundreds of millions )QP )NP (PP of (NP dollars )NP )PP )NP (PP (ADVP just )ADVP through (NP the *UNK project )NP )PP )VP )VP )S )SBAR )VP )S , '' (NP Mr. *UNKC )NP (VP declares )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (NP (NP editor )NP (PP of (NP (NP The Wall Street Journal 's )NP Tax Report column )NP )PP )NP )VP . )S  STOP
(S (PP In (S (VP finding `` (NP good news )NP '' (PP in (NP (NP Berkeley 's )NP new *UNK *UNK plan )NP )PP )VP )S )PP (PRN -LRB- (NP `` (NP The *UNKED Class )NP , '' (NP editorial )NP , (NP Sept. 20 )NP )NP -RRB- )PRN , (NP you )NP (VP 're (VP reading (NP (NP the headline )NP but not (NP the story )NP )NP )VP )VP . )S  STOP
(S (NP The plan )NP (ADVP indeed )ADVP (VP raises (PP from (NP 40 % )NP )PP (PP to (NP 50 % )NP )PP (NP (NP the number )NP (PP of (NP (NP *UNK *UNK )NP (VP admitted (PP (ADVP *UNKLY )ADVP by (NP academic criteria )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(S But (NP that )NP (VP does n't (VP mean (SBAR (S `` (NP (NP half )NP (PP of (NP (NP the students )NP (VP attending (NP Berkeley )NP )VP )NP )PP )NP '' (VP will (VP be (VP admitted (NP this way )NP )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The plan )NP (VP is (VP talking (PP about (NP (NP (NP *UNK )NP (VP admitted )VP )NP , not (NP (NP students )NP (SBAR (WHNP who )WHNP (S (VP *UNK )VP )S )SBAR )NP )NP )PP )VP )VP . )S  STOP
(S (SBAR Since (S (NP (NP the `` yield '' )NP (PP from (NP (NP this top *UNK )NP (PP of (NP applicants )NP )PP )NP )PP )NP (VP is (ADJP relatively low )ADJP )VP )S )SBAR , (S (VP boosting (NP admits )NP (PP from (NP 40 % )NP )PP (PP to (NP 50 % )NP )PP )VP )S (VP will (VP boost (NP *UNK )NP (PP from (NP (QP about 31 )QP % )NP )PP (PP to (NP (NP 38 % )NP (PP of (NP the class )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP (NP (QP perhaps 5 )QP % )NP (PP of (NP *UNK )NP )PP )NP (VP will (VP come (PP from (NP (NP a new category )NP (VP consisting (PP of (NP (NP applicants )NP (SBAR (WHNP whose academic credentials )WHNP (S `` (VP (ADVP narrowly )ADVP missed '' (S (VP gaining (NP them )NP (NP (NP admission )NP (PP in (NP the first category )NP )PP )NP )VP )S )VP )S )SBAR )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S But (PP against (NP (NP that combined increase )NP (PP of (NP 12 % )NP )PP (PP in (NP (NP students )NP (VP chosen (PP by (NP academic criteria )NP )PP )VP )NP )PP )NP )PP , (NP the plan )NP (VP *UNK (NP (NP a large category )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP *UNK )NP (ADVP now )ADVP (VP are (VP based (PP on (NP (NP grades )NP , (NP test scores )NP and (NP `` (NP *UNK points )NP '' (PP for (NP (NP factors )NP (PP such as (NP (NP *UNK- *UNK )NP , (NP *UNKC *UNK )NP and (NP an *UNK )NP )NP )PP )NP )PP )NP )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP This category )NP (ADVP now )ADVP (VP accounts (PP for (NP (NP (NP (QP about 19 )QP % )NP (PP of (NP admits )NP )PP )NP and (NP (NP 22 % )NP (PP of (NP *UNK )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP The plan )NP (ADVP thus )ADVP (VP will (VP decrease (PP by (NP 22 % )NP )PP , (PP for (NP (NP a net loss )NP (PP of (NP 10 % )NP )PP )NP )PP , (NP (NP the number )NP (PP of (NP (NP students )NP (VP admitted (PP (ADVP primarily )ADVP by (NP academic criteria )NP )PP )VP )NP )PP )NP )VP )VP . )S  STOP
(SBARQ (WHNP Who )WHNP (SQ (VP will (VP take (PRT over )PRT (NP these places )NP )VP )VP )SQ ? )SBARQ  STOP
(S (NP The plan )NP (VP (VP creates (NP (NP a new category )NP (PP of (NP (NP students )NP (PP from (NP `` (NP *UNKLY *UNKED *UNK )NP , '' (NP (NP a concept )NP (VP not (ADVP yet )ADVP defined )VP )NP , )NP )PP )NP )PP )NP )VP and (VP gives (NP them )NP (NP (NP (QP about 10 )QP % )NP (PP of (NP the class )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP One )NP (PP of (NP (NP the plan 's )NP authors )NP )PP )NP (VP has (VP defended (NP the `` *UNK *UNK '' category )NP (PP as (S (ADVP perhaps )ADVP (VP making (NP (NP more sense )NP (PP than (NP (NP the current *UNK- *UNK )NP (VP based (PP on (NP race )NP )PP )VP )NP )PP )NP )VP )S )PP )VP )VP . )S  STOP
(S (ADVP Perhaps )ADVP (NP it )NP (VP does )VP . )S  STOP
(S But (NP the new category )NP (VP does not (VP replace or reduce (NP (NP Berkeley 's )NP broad racial preferences )NP )VP )VP . )S  STOP
(SINV Nor will (NP (NP students )NP (PP from (NP *UNK- groups )NP )PP (SBAR (WHNP who )WHNP (S (VP are (VP admitted (PP through (NP the new category )NP )PP )VP )VP )S )SBAR )NP (VP be (VP counted (PP against (NP (NP the *UNK- `` target '' )NP (PP for (NP their group )NP )PP )NP )PP )VP )VP . )SINV  STOP
(S (NP The plan )NP (ADVP thus )ADVP (VP places (NP (NP a large new *UNK- program )NP , (VP based (PP on `` (NP *UNK *UNK )NP )PP )VP , '' )NP (PP on (NP (NP top )NP (PP of (NP (NP the existing program )NP (VP based (PP on (NP race )NP )PP )VP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The role )NP (PP of (NP academic criteria )NP )PP (PP in (S (VP choosing (NP (NP Berkeley 's )NP *UNK )NP )VP )S )PP )NP (VP can (ADVP only )ADVP (VP decline (PP as (NP a result )NP )PP )VP )VP . )S  STOP
(NP (NP Stephen R. *UNKC )NP (NP (NP *UNKC )NP (PP of (NP Law )NP )PP )NP (NP (NP University )NP (PP of (NP California )NP )PP )NP (NP (NP Berkeley )NP , (NP Calif )NP )NP . )NP  STOP
(S (PP *UNKC (NP (NP *UNKC )NP (SBAR (WHNP *UNKC )WHNP (S (VP *UNKC (PP in (NP (NP the *UNK )NP (PP of (NP others )NP )PP )NP )PP )VP )S )SBAR )NP )PP , (VP read (PRT on )PRT )VP . )S  STOP
(S (NP This )NP (VP is (NP (NP a story )NP (PP about (NP *UNK )NP )PP )NP )VP . )S  STOP
(S (NP (NP Most )NP (PP of (NP us )NP )PP )NP (VP know (NP a *UNK )NP )VP . )S  STOP
(S (NP (NP Many )NP (PP of (NP us )NP )PP )NP (VP are (NP *UNK )NP )VP . )S  STOP
(S But (SBAR (WHNP what )WHNP (S (NP we )NP (VP may not (VP know )VP )VP )S )SBAR (VP is (SBAR (WHNP just what )WHNP (S (VP makes (S (NP somebody )NP (NP a *UNK )NP )S )VP )S )SBAR )VP . )S  STOP
(SBARQ (WHNP What )WHNP (SQ (VP makes (S (NP people )NP (VP *UNK (PRT out )PRT (NP their credit-card numbers )NP (PP to (NP (NP a *UNK )NP (SBAR (S (NP they )NP (VP 've (ADVP never )ADVP (VP heard (PP of )PP )VP )VP )S )SBAR )NP )PP )VP )S )VP )SQ ? )SBARQ  STOP
(SQ Do (NP they )NP (ADVP really )ADVP (VP believe (SBAR that (S (NP the number )NP (VP (VP is (PP (ADVP just )ADVP for (NP *UNK )NP )PP )VP and (VP is (NP (NP simply a *UNK )NP (PP on (NP (NP the road )NP (PP to (S (VP being (NP a *UNK- winner )NP )VP )S )PP )NP )PP )NP )VP )VP )S )SBAR )VP ? )SQ  STOP
(SBARQ (WHNP What )WHNP (SQ (VP makes (S (NP a person )NP (VP buy (NP an oil well )NP (PP from (NP (NP some *UNK )NP (VP knocking (PP on (NP the screen door )NP )PP )VP )NP )PP )VP )S )VP )SQ ? )SBARQ  STOP
(FRAG Or (NP (NP an interest )NP (PP in (NP (NP a retirement community )NP (PP in (NP Nevada )NP )PP (SBAR (WHNP that )WHNP (S (VP will (VP *UNK (NP your *UNK )NP (ADVP off )ADVP , (SBAR once (S (NP it )NP (VP is (VP built )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )NP ? )FRAG  STOP
(FRAG (SBAR Because (S (PP in (NP the end )NP )PP , (NP these people )NP (ADVP always )ADVP (VP wind (PRT up )PRT (S (VP asking (NP themselves )NP (NP (NP the same question )NP : `` (SBARQ (WHADVP How )WHADVP (SQ could (NP I )NP (VP be (ADJP so *UNK )ADJP )VP )SQ ? )SBARQ '' )NP )VP )S )VP )S )SBAR )FRAG  STOP
(S (S (NP There )NP (VP are , (ADVP unfortunately )ADVP , (NP (NP plenty )NP (PP of (NP (NP answers )NP (PP to (NP that question )NP )PP )NP )PP )NP )VP )S -- and (S (NP *UNK artists )NP (VP know (NP (NP all )NP (PP of (NP them )NP )PP )NP )VP )S . )S  STOP
(SINV `` (S (NP These people )NP (VP are (ADJP very *UNKED (PP at (S (VP finding (PRT out )PRT (SBAR (WHNP what )WHNP (S (VP makes (S (NP a person )NP (VP *UNK )VP )S )VP )S )SBAR )VP )S )PP )ADJP )VP )S , '' (VP says )VP (NP (NP *UNKC Neal )NP , (NP (NP chief )NP (PP of (NP (NP the *UNK- unit )NP (PP of (NP (NP (NP the *UNKC County State Attorney 's )NP Office )NP (PP in (NP (NP (NP Fort *UNKC )NP , (NP Fla. )NP )NP , (NP (NP a major *UNK )NP (PP for (NP boiler rooms )NP )PP )NP )NP )PP )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (SBAR Once (S (NP they )NP (VP size (NP them )NP (PRT up )PRT )VP )S )SBAR , (ADVP then )ADVP (NP they )NP (VP know (SBAR (WHNP what *UNK )WHNP (S (VP to (VP push )VP )VP )S )SBAR )VP . '' )S  STOP
(S (S (NP John *UNKC )NP (VP agrees )VP )S -- and (S (NP he )NP (VP ought (S (VP to (VP know )VP )VP )S )VP )S . )S  STOP
(S (NP He )NP (VP used (S (VP to (VP be (NP a *UNK- salesman )NP , (S (VP peddling (NP (NP investments )NP (PP in (NP (NP oil and gas wells )NP and (NP rare coins )NP )NP )PP )NP )VP )S )VP )VP )S )VP . )S  STOP
(S `` (S (NP There )NP (VP 's (NP (NP (NP a *UNK psychology )NP (PP of (NP the sale )NP )PP )NP and (NP (NP different *UNK )NP (SBAR (S (NP you )NP (VP pitch (NP different ways )NP )VP )S )SBAR )NP )NP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP The most obvious pitch )NP , (PP of (NP course )NP )PP , (VP is (NP (NP the lure )NP (PP of (NP big returns )NP )PP )NP )VP . )S  STOP
(S `` (NP We )NP (VP 're all (ADJP (NP a little )NP *UNK )ADJP )VP . )S  STOP
(SINV (S (NP Everyone )NP (VP is (ADJP vulnerable )ADJP )VP )S , '' (VP says )VP (NP (NP Charles *UNKC )NP , (NP (NP associate regional administrator )NP (PP for (NP the Securities and Exchange Commission )NP )PP (PP in (NP Miami )NP )PP )NP )NP . )SINV  STOP
(S `` (NP These guys )NP (VP *UNK (PP on (NP human *UNK )NP )PP )VP . '' )S  STOP
(S (SBAR While (S (NP (NP the promises )NP (PP of (NP big profits )NP )PP )NP (VP ought (S (VP to (VP set (PRT off )PRT (NP warning *UNK )NP )VP )VP )S )VP )S )SBAR , (NP they )NP (ADVP often )ADVP (VP do n't (VP , (SBAR (PP in (NP part )NP )PP because (S (NP *UNK- *UNK )NP (VP have (VP become (VP *UNKED (PP in (NP American *UNK )NP )PP )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(SINV `` (S (S (NP The overnight success story )NP (VP is (NP (NP part )NP (PP of (NP our culture )NP )PP )NP )VP )S , and (S (NP our society )NP (VP puts (NP an emphasis )NP (PP on (NP it )NP )PP (PP with (NP (NP *UNK )NP and (S (NP Ed *UNKC )NP (VP making (NP *UNK )NP (ADVP out (PP of (NP people )NP )PP )ADVP )VP )S )NP )PP )VP )S )S , '' (VP says )VP (NP (NP Michael *UNKC )NP , (NP (NP an associate professor )NP (PP of (NP psychology )NP )PP (PP at (NP (NP the University )NP (PP of (NP Kentucky )NP )PP (PP in (NP Louisville )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (S (NP Other people )NP (VP are (VP making (NP it )NP (ADVP overnight )ADVP )VP )VP )S , and (S (NP (NP the rest )NP (SBAR (WHNP who )WHNP (S (VP *UNK (ADVP daily )ADVP )VP )S )SBAR )NP (VP do n't (VP want (S (VP to (VP miss (NP that opportunity )NP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP seems (S (VP to (VP come (PRT along )PRT )VP )VP )S )VP )S )SBAR )VP )VP )S )VP )VP )S . '' )S  STOP
(SINV (VP *UNKC )VP (NP (NP Spencer *UNKC )NP , (NP (NP branch chief )NP (PP for (NP enforcement )NP )PP (PP at (NP (NP the SEC )NP (PP in (NP (NP Fort Worth )NP , (NP Texas )NP )NP )PP )NP )PP )NP )NP : `` (SBARQ (WHADVP Why )WHADVP (SQ do (NP people )NP (VP play (NP the *UNK )NP (SBAR (WHADVP when )WHADVP (S (NP (NP the odds )NP )NP (VP are (ADJP great )ADJP (PP against (NP them )NP )PP )VP )S )SBAR )VP )SQ ? )SBARQ )SINV  STOP
(S (NP People )NP (VP are (VP *UNKING (PP for (NP a dream )NP )PP )VP )VP . '' )S  STOP
(S (S (ADVP Clearly )ADVP , (ADVP though )ADVP , (NP *UNK artists )NP (VP have (S (VP to (VP be (ADJP (ADJP (NP a bit )NP more *UNK )ADJP (PP than (S (ADVP simply )ADVP (VP promising (NP millions )NP )VP )S )PP )ADJP )VP )VP )S )VP )S ; (S (NP (NP the psychology )NP (PP of (NP *UNK )NP )PP )NP (VP is n't (ADVP simply )ADVP (NP (NP the psychology )NP (PP of (NP the *UNK )NP )PP )NP )VP )S . )S  STOP
(S (NP There )NP (VP 's (ADVP also )ADVP , (PP for (NP instance )NP )PP , (NP the need (S (VP to (VP be (NP (NP part )NP (PP of (NP the *UNK- )NP )PP )NP )VP )VP )S )NP )VP . )S  STOP
(S So (NP one popular *UNK )NP (VP is (S (VP to (VP make (S (NP a prospective investor )NP (VP feel (PP like (NP (NP an insider )NP , (VP joining (NP (NP an exclusive group )NP (SBAR (WHNP that )WHNP (S (VP is (VP about (S (VP to (VP make (NP a killing )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP )NP )PP )VP )S )VP )VP )S )VP . )S  STOP
(S (PP *UNKC (NP 1978 and 1987 )NP )PP , (PP for (NP instance )NP )PP , (NP (NP *UNK Oil )NP (PP in (NP (NP Winter Haven )NP , (NP Fla. )NP , )NP )PP )NP (VP sold (NP (NP interests )NP (PP in (NP oil wells )NP )PP )NP (PP to (NP (NP a (ADJP very select )ADJP group )NP (PP of (NP local residents )NP )PP )NP )PP , (SBAR while (S (VP turning (ADVP away )ADVP (NP numerous other eager investors )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP The owner )NP (PP of (NP the company )NP )PP )NP , (NP Stephen Smith )NP , (SBAR (WHNP who )WHNP (S (VP has (ADVP since )ADVP (VP pleaded (ADJP guilty (PP to (NP (UCP state and federal )UCP fraud charges )NP )PP )ADJP )VP )VP )S )SBAR )NP , (VP (VP *UNKED (PP to (NP investors )NP )PP (SBAR that (S (NP he )NP (VP had (NP (NP a secret agreement )NP (PP with (NP Amoco Oil Co. )NP )PP )NP )VP )S )SBAR )VP and (VP said (SBAR (S (NP (NP the location )NP (PP of (NP his wells )NP )PP )NP (VP was (ADJP *UNK )ADJP )VP )S )SBAR )VP , (PP according (PP to (NP (NP a civil suit )NP (VP filed (PP in (NP a Florida state court )NP )PP (PP by (NP (NP the Florida comptroller 's )NP office )NP )PP )VP )NP )PP )PP )VP . )S  STOP
(S (S (NP Neither (NP the Amoco agreement )NP nor (NP the wells )NP )NP (VP *UNKED )VP )S , (NP the suit )NP (VP alleged )VP . )S  STOP
(S (NP Such schemes )NP (PRN , (SINV (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP chief )NP (PP of (NP (NP the *UNK- unit )NP (PP of (NP (NP the Federal Bureau )NP (PP of (NP Investigation )NP )PP )NP )PP (PP in (NP (NP Washington )NP , (NP D.C. )NP )NP )PP )NP )PP )NP )NP )SINV , )PRN (VP appeal (PP to (NP (NP investors ' )NP `` desire (S (VP to (VP believe (SBAR (SBAR (S (NP this )NP (VP is (ADVP really )ADVP (ADJP true )ADJP )VP )S )SBAR and (SBAR that (S (NP they )NP (VP are (NP (NP part )NP (PP of (NP (NP a chosen group )NP (VP being (VP given (NP this opportunity )NP )VP )VP )NP )PP )NP )VP )S )SBAR )SBAR )VP )VP )S )NP )PP )VP . '' )S  STOP
(SINV (S (PP At (NP times )NP )PP , (NP salesmen )NP (VP may (VP *UNK (NP the inside information )NP (PP with `` (NP the notion (SBAR that (S (NP this )NP (VP is (NP (NP some (ADJP slightly *UNK )ADJP , (ADJP slightly illegal )ADJP investment )NP (SBAR (S (NP the person )NP (VP is (VP being (VP included (PP in )PP )VP )VP )VP )S )SBAR )NP )VP )S )SBAR )NP )PP )VP )VP )S , '' (VP says )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S (PP In (S (VP *UNKING (PP to (NP (NP those )NP (PP with (NP (NP a bit )NP (PP of (NP *UNK )NP )PP (PP in (NP their *UNK )NP )PP )NP )PP )NP )PP )VP )S )PP , (NP the fraud artist )NP (VP can (VP insist (SBAR that (S (NP a person )NP (VP keep (S (NP an investment )NP (ADJP secret )ADJP )S )VP )S )SBAR -- (S (VP (VP *UNKING (NP himself )NP (PP from (S (VP being (VP discovered )VP )VP )S )PP )VP and (VP keeping (NP his victim )NP (PP from (S (VP consulting (PP with (NP others )NP )PP )VP )S )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP adds (PP to (NP (NP the mystery )NP (PP of (NP the venture )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (NP the *UNK- veteran )NP , )NP (VP believes (SBAR that (S (PP for (NP many investors )NP )PP , (NP the *UNK- scams )NP (VP carry (NP (NP a *UNK- element )NP (PP of (NP excitement )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S `` (S (SBAR Once (S (NP people )NP (VP got (PP into (NP it )NP )PP )VP )S )SBAR , (NP I )NP (VP was (VP allowing (S (NP them )NP (VP to (VP live (NP a dream )NP )VP )VP )S )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (S (NP He )NP (VP *UNKED (NP them )NP (PP with (NP (NP *UNK )NP (PP on (NP the investment )NP )PP , (PP such as `` (NP (NP funny things )NP (SBAR (WHNP that )WHNP (S (VP happened (PP at (NP the well )NP )PP (NP that week )NP )VP )S )SBAR )NP )PP )NP )PP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (NP You )NP (VP gave (NP them )NP (NP (NP some excitement )NP (SBAR (WHNP that )WHNP (S (NP they )NP (VP did n't (VP have (PP in (NP their lives )NP )PP )VP )VP )S )SBAR )NP )VP . '' )S  STOP
(S -LRB- (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP was (VP (VP convicted (PP in (NP Florida state court )NP )PP (PP of (S (VP selling (NP *UNKED securities )NP )VP )S )PP )VP and (VP (PP in (NP California state court )NP )PP (PP of (NP (NP *UNK use )NP (PP of (NP the telephone )NP )PP (S (VP to (VP *UNK and *UNK )VP )VP )S )NP )PP )VP )VP )VP )S )SBAR )NP , (VP is (ADVP now )ADVP (PP on (NP *UNK )NP )PP )VP . )S  STOP
(S (NP He )NP (VP says (SBAR (S (NP he )NP (VP (VP has (VP quit (NP the business )NP )VP )VP and (VP is (ADVP back )ADVP (PP in (NP school )NP )PP , (S (VP *UNKING (PP in (NP psychology )NP )PP (PP with (NP *UNK (S (VP to (VP go (PP into (NP industrial psychology )NP )PP )VP )VP )S )NP )PP )VP )S )VP )VP )S )SBAR )VP . -RRB- )S  STOP
(S (PP For (NP some investors )NP )PP , (NP it )NP (VP 's (NP (NP the *UNK )NP (SBAR (WHNP that )WHNP (S (VP leave (S (NP them )NP (ADJP *UNKED )ADJP )S )VP )S )SBAR )NP )VP . )S  STOP
(SINV `` (S (NP (NP The *UNK )NP (PP of (NP success )NP )PP )NP (VP go (NP a long way )NP -- (S (VP (VP wearing (NP the right clothes )NP )VP , (VP doing (NP the right things )NP )VP )VP )S )VP )S , '' (VP says )VP (NP (NP Paul *UNKC )NP , (NP (NP an associate professor )NP (PP of (NP psychology )NP )PP (PP at (NP Harvard )NP )PP )NP )NP . )SINV  STOP
(S (NP Conservative *UNK )NP (VP make (S (NP people )NP (VP think (SBAR (S (NP it )NP (VP 's (NP a conservative investment )NP )VP )S )SBAR )VP )S )VP . )S  STOP
(S `` (S (NP People )NP (VP (ADVP *UNKLY )ADVP lose (NP money )NP (PP on (NP (NP risky investments )NP (SBAR (WHNP that )WHNP (S (NP they )NP (VP did n't (VP realize (SBAR (S (VP were (NP a *UNK )NP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP (NP Paul *UNKC )NP , (NP a (NAC Phoenix , Ariz. , )NAC attorney )NP , )NP (VP says (SBAR (S (NP (NP a promise )NP (PP of (NP *UNK returns )NP )PP )NP (VP would (VP have (VP made (S (NP him )NP (ADJP *UNK )ADJP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP says (SBAR (S (NP he )NP (VP (VP lost (NP $ *UNKN )NP (PP in (NP one *UNK- deal )NP )PP )VP and (VP (NP $ *UNKN )NP (PP in (NP another )NP )PP )VP )VP )S )SBAR )VP )S )SBAR , )NP (VP says (SBAR (S (NP a salesman )NP (VP `` used (NP a *UNK- approach )NP '' (PP with (NP him )NP )PP , (S (VP sending (NP (NP investment literature )NP , (NP (NP a contract )NP (VP limiting (NP (NP the firm 's )NP liability )NP )VP )NP , and (NP an insurance policy )NP )NP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP he )NP (VP visited (NP (NP the company 's )NP office )NP )VP )S )SBAR (PRN , (S (NP he )NP (VP says )VP )S , )PRN (NP it )NP (VP had `` (NP (NP all the *UNK )NP (PP of (NP *UNK )NP )PP )NP )VP . '' )S  STOP
(S (S (NP Still others )NP (VP are (VP *UNK (PP by (NP a desire (S (VP to (VP do (UCP both (ADVP well )ADVP and (NP good )NP )UCP )VP )VP )S )NP )PP )VP )VP )S , (VP says )VP (NP (NP Douglas *UNKC )NP , (NP (NP *UNKING officer )NP (PP of (NP (NP the Los Angeles Police Department 's )NP *UNK- division )NP )PP )NP )NP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP are (NP (NP the (ADJP most visible )ADJP targets )NP (PP of (NP *UNK *UNK- investment *UNK )NP )PP )NP )VP . )S  STOP
(S (FRAG But (ADVP hardly )ADVP (NP the only ones )NP )FRAG : (S (NP The scams )NP (VP promise -- (PP among (NP other things )NP )PP -- (S (VP to (VP (VP help (S (VP save (NP the environment )NP )VP )S )VP , (VP feed (NP *UNKING families )NP )VP and (VP prevent (NP (NP the *UNK )NP (PP of (NP children )NP )PP )NP )VP )VP )VP )S )VP )S . )S  STOP
(S (NP *UNKC )NP (VP say (SBAR (S (NP (NP isolated people )NP (SBAR (WHNP who )WHNP (S (VP do n't (VP discuss (NP their investments )NP (PP with (NP others )NP )PP )VP )VP )S )SBAR )NP (VP are (PP (ADVP particularly )ADVP at (NP (NP risk )NP (PP for (NP fraud )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC artists )NP (VP (VP seek (PRT out )PRT (NP such people )NP )VP -- or (VP try (S (VP to (VP make (ADJP sure (SBAR that (S (NP their victims )NP (VP *UNK (NP themselves )NP )VP )S )SBAR )ADJP )VP )VP )S )VP )VP . )S  STOP
(S (PP For (NP instance )NP )PP , (NP salesmen )NP (VP may (VP counter (NP (NP a man 's )NP *UNK (SBAR that (S (NP he )NP (VP wants (S (VP to (VP discuss (NP an investment )NP (PP with (NP his wife )NP )PP )VP )VP )S )VP )S )SBAR )NP (PP by (S (VP asking , `` (SBARQ (WHNP Who )WHNP (SQ (VP *UNK (NP the *UNK )NP (PP in (NP your family )NP )PP )VP )SQ ? )SBARQ '' )VP )S )PP )VP )VP )S  STOP
(S Or (NP (NP an investor )NP (SBAR (WHNP who )WHNP (S (VP wants (NP (NP his *UNK 's )NP advice )NP )VP )S )SBAR )NP (VP may (VP be (VP told , `` (S (NP You )NP (VP seem (PP like (NP (NP a guy )NP (SBAR (WHNP who )WHNP (S (VP can (VP make (PRT up )PRT (NP his own mind )NP )VP )VP )S )SBAR )NP )PP )VP )S )VP )VP )VP . '' )S  STOP
(S (ADVP *UNKC )ADVP (NP *UNK artists )NP (VP will (VP try (S (VP to (VP *UNK (NP their victims )NP (PP by (S (VP *UNKING (NP (NP *UNK )NP (PP between (NP them )NP )PP )NP )VP )S )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP William *UNKC )NP , (NP (NP a retired engineer )NP (PP from (NP Lockheed Corp. )NP )PP )NP , )NP (VP says (SBAR (S (NP (NP he )NP and (NP (NP his wife )NP , (NP *UNKLY )NP , )NP )NP (VP *UNKED (PP to (NP (NP the investment *UNK )NP (PP of (NP (NP a *UNK- *UNK )NP (PP from (NP (NP *UNKC Co. )NP (PP in (NP Atlanta )NP )PP )NP )PP )NP )PP )NP )PP (SBAR after (S (NP the broker )NP (VP told (NP them )NP (SBAR (S (NP he )NP , (ADVP too )ADVP , (VP had (ADVP once )ADVP (VP worked (PP with (NP Lockheed )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The *UNKC )NP , (PP of (NP (NP *UNKC Springs )NP , (NP *UNKC )NP , )NP )PP )NP (VP have (VP filed (NP suit )NP (PP in (NP Georgia state court )NP )PP (PP against (NP Stuart James )NP )PP , (S (VP alleging (NP fraud )NP )VP )S )VP )VP . )S  STOP
(S (NP They )NP (VP are (VP awaiting (NP an *UNK proceeding )NP )VP )VP . )S  STOP
(S (NP They )NP (VP say (SBAR (S (NP the broker )NP (VP took (NP them )NP (ADVP out )ADVP (PP for (NP lunch )NP )PP (ADVP frequently )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP urged (NP them )NP (S (VP to (VP refer (NP (NP their friends )NP , (SBAR (WHNP who )WHNP (S (ADVP also )ADVP (VP lost (NP money )NP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S -LRB- (NP (NP Donald *UNKC )NP , (NP (NP an attorney )NP (PP for (NP the *UNK- firm )NP )PP )NP , )NP (VP (VP denies (NP the fraud allegations )NP )VP and (VP says (SBAR (S (NP the *UNKC )NP (VP were (VP (ADVP fully )ADVP *UNKED (SBAR that (S (NP they )NP (VP were (VP pursuing (NP a high-risk investment )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . -RRB- )S  STOP
(SINV `` (S (NP (NP It )NP )NP (VP 's not (ADJP uncommon )ADJP (SBAR for (S (NP these guys )NP (VP to (VP send (NP (NP pictures )NP (PP of (NP (NP themselves )NP or (NP their families )NP )NP )PP )NP (S (VP to (VP *UNK (NP themselves )NP (PP to (NP their clients )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP chief )NP (PP of (NP (NP the *UNK- section )NP (PP of (NP (NP (NP the U.S. attorney 's )NP office )NP (PP in (NP Los Angeles )NP )PP )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP We )NP (VP 've (VP seen (NP (NP cases )NP (SBAR (WHADVP where )WHADVP (S (NP salesmen )NP (VP will (VP affect (NP (NP the *UNK )NP (PP of (NP (NP the region )NP (PP of (NP (NP the country )NP (SBAR (S (NP they )NP (VP are (VP calling )VP )VP )S )SBAR )NP )PP )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(FRAG (NP *UNKING )NP (S (VP to (VP make (NP a sale )NP )VP )VP )S . '' )FRAG  STOP
(S (NP *UNKC )NP (VP say (SBAR that (S (SBAR (WHNP whatever )WHNP (FRAG (NP (NP a person 's )NP particular weak point )NP )FRAG )SBAR , (NP timing )NP (VP is (ADJP crucial )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP People )NP (VP may (VP be (ADJP particularly vulnerable (PP to (NP *UNK- pitches )NP )PP )ADJP (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP are (PP in (NP (NP the midst )NP (PP of (NP (NP a major *UNK )NP (PP in (NP their lives )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(SINV `` (S (ADVP Sometimes )ADVP (SBAR (WHADVP when )WHADVP (S (NP people )NP (VP are (VP (VP making (NP big changes )NP )VP , (VP retiring (PP from (NP their jobs )NP )PP )VP , (VP moving (PP to (NP a new area )NP )PP )VP )VP )VP )S )SBAR , (NP they )NP (VP lose (NP their *UNK )NP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a licensed *UNK )NP (SBAR (WHNP who )WHNP (S (VP is (ADVP now )ADVP (NP (NP an (NX (NX investment adviser )NX and (NX principal )NX )NX )NP (PP in (NP (NP *UNKC Inc. )NP , (NP a (NAC Birmingham , Mich. , )NAC *UNKING firm )NP )NP )PP )NP )VP )S )SBAR )NP )NP . )SINV  STOP
(S `` (NP They )NP (VP may (VP be (ADJP *UNK (PP to (NP some song and dance )NP )PP )ADJP (SBAR if (S (NP it )NP (VP hits (NP them )NP (PP at (NP the right time )NP )PP )VP )S )SBAR )VP )VP . '' )S  STOP
(UCP (S (NP They )NP (VP are (ADVP obviously )ADVP (ADVP also )ADVP (ADJP more *UNK )ADJP (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP need (NP money )NP )VP )S )SBAR )VP )S - (NP (NP (NP *UNK )NP , (PP for (NP instance )NP )PP , (VP trying (S (VP to (VP bolster (NP their fixed income )NP )VP )VP )S )VP )NP or (NP (NP parents )NP (VP *UNKING (PP over (SBAR (WHADVP how )WHADVP (S (VP to (VP pay (PP for (NP (NP a child 's )NP college expenses )NP )PP )VP )VP )S )SBAR )PP )VP )NP )NP . )UCP  STOP
(S `` (NP These people )NP (VP are n't (ADVP necessarily )ADVP (ADJP *UNK or *UNK )ADJP )VP . )S  STOP
(SINV (S (NP (NP Almost all )NP (PP of (NP us )NP )PP (PP in (NP comparable circumstances )NP )PP )NP (VP might (VP be (VP *UNKED (PP in (NP some way )NP )PP )VP )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a psychology professor )NP (PP at (NP (NP the University )NP (PP of (NP Southern California )NP )PP (PP in (NP Los Angeles )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP *UNKC *UNKC )NP (VP thinks (SBAR (S (NP that )NP (VP 's (SBAR (WHNP what )WHNP (S (VP happened (PP to (NP him )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (NP a *UNK- Delta Air Lines engineer )NP , )NP (VP invested (NP (QP some $ 2,000 )QP )NP (PP in (NP penny stocks )NP )PP (PP through (NP (NP a broker )NP (SBAR (WHNP who )WHNP (S (VP promised (NP quick returns )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(SINV `` (S (S (NP We )NP (VP were (VP saving (PRT up )PRT (S (VP to (VP buy (NP a house )NP )VP )VP )S )VP )VP )S , and (S (NP my wife )NP (VP was (ADJP pregnant )ADJP )VP )S )S , '' (VP says )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S `` (S (NP It )NP (VP was (PP (ADVP just )ADVP before (NP the Christmas *UNK )NP )PP )VP )S , and (S (NP I )NP (VP figured (SBAR (S (NP we )NP (VP could (VP use (NP some extra cash )NP )VP )VP )S )SBAR )VP )S . '' )S  STOP
(S (NP The investment )NP (VP is (ADJP worth (NP (QP about $ 130 )QP )NP )ADJP (NP today )NP )VP . )S  STOP
(SINV `` (S (ADVP Maybe )ADVP (NP it )NP (VP was (NP just a vulnerable time )NP )VP )S , '' (VP says )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S `` (ADVP Maybe )ADVP (UCP (NP the next day )NP or (ADVP even )ADVP (ADVP (NP an hour )NP later )ADVP )UCP , (NP I )NP (VP would n't (VP have (VP done (NP it )NP )VP )VP )VP . '' )S  STOP
(S (NP Ms. *UNKC )NP (VP is (NP (NP a staff reporter )NP (PP in (NP (NP The Wall Street Journal 's )NP Atlanta bureau )NP )PP )NP )VP . )S  STOP
(S (NP (NP Prices )NP (PP for (NP (NP seats )NP (PP on (NP the New York Stock Exchange )NP )PP )NP )PP )NP (VP are (VP recovering (NP a bit )NP (PP after (S (VP hitting (NP a four-year low )NP (NP earlier this month )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP (NP Two seats )NP (PP on (NP the Big Board )NP )PP )NP (VP were (VP sold (NP yesterday )NP (PP for (NP (NP $ *UNKN )NP , and then (NP $ 500,000 )NP )NP )PP )VP )VP . )S  STOP
(S (S (NP The previous sale )NP (VP was (NP $ *UNKN )NP (PP on (NP Oct. 17 )NP )PP )VP )S ; (S (NP (NP the last time )NP (SBAR (S (NP prices )NP (VP were (ADJP that low )ADJP )VP )S )SBAR )NP (VP was (NP (NP November 1985 )NP , (SBAR (WHADVP when )WHADVP (S (NP a seat )NP (VP sold (PP for (NP $ *UNKN )NP )PP )VP )S )SBAR )NP )VP )S . )S  STOP
(S (NP Prices )NP (VP peaked (PP at (NP $ *UNKN )NP )PP (PP in (NP September 1987 )NP )PP )VP . )S  STOP
(S (NP Seats )NP (VP are (ADVP currently )ADVP (VP quoted (PP at (NP (NP (NP $ *UNKN )NP (VP bid )VP )NP and (NP (NP $ *UNKN )NP (VP asked )VP )NP )NP )PP )VP )VP . )S  STOP
(S (S (NP *UNKC *UNKC )NP (VP *UNKC (VP been (VP defined (PP as (NP (NP the *UNK )NP (PP in (NP (NP pursuit )NP (PP of (NP the *UNK )NP )PP )NP )PP )NP )PP )VP )VP )VP )S , but (S (ADVP at least )ADVP (NP it )NP (VP 's (NP exercise )NP )VP )S . )S  STOP
(S (ADVP At least )ADVP (NP it )NP (VP has (NP a little *UNK )NP )VP . )S  STOP
(S (NP (NP Most )NP (PP of (NP us )NP )PP )NP (VP have (S (VP to (VP spend (NP our time )NP (PP on (NP (NP *UNK )NP (SBAR (WHNP that )WHNP (S (VP afford (NP neither )NP )VP )S )SBAR , (NP (NP *UNK duties )NP (PP rather than (NP *UNK )NP )PP )NP )NP )PP )VP )VP )S )VP . )S  STOP
(FRAG (PP Like (NP (S (VP trying (S (VP to (VP buy (NP life insurance )NP )VP )VP )S )VP )S , (PP for (NP instance )NP )PP , (NP (NP an *UNK )NP (VP (ADVP notably )ADVP *UNKING (PP in (NP *UNK )NP )PP )VP )NP )NP . )PP )FRAG  STOP
(S (VP Call (S (NP it )NP (NP (NP the *UNKED )NP (VP *UNKING (PP after (NP the *UNK )NP )PP )VP )NP )S )VP . )S  STOP
(S But (ADVP sooner or later )ADVP , (NP (NP most )NP (PP of (NP us )NP )PP )NP (VP have (S (VP to (VP think (PP about (NP life insurance )NP )PP )VP )VP )S , (SBAR just as (S (NP we )NP (ADVP often )ADVP (VP have (S (VP to (VP think (PP about (S (VP having (NP *UNK- work )NP )VP )S )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S And (NP my time )NP (VP has (VP come )VP )VP . )S  STOP
(S (NP I )NP (VP 'm (UCP (NP 33 )NP , (ADJP married )ADJP , (X (NP no children )NP )X , and (VP employed (PP in (S (VP writing (NP (NP stories )NP (PP like (NP this one )NP )PP )NP )VP )S )PP )VP )UCP )VP . )S  STOP
(S (PP In (NP (NP times )NP (ADJP past )ADJP )NP )PP , (S (NP *UNK- salesmen )NP (VP targeted (NP (NP heads )NP (PP of (NP household )NP )PP , (VP meaning (NP men )NP )VP )NP )VP )S , but (S (NP *UNK )NP (VP is (UCP (NP a *UNK- family )NP and (VP *UNKED (PP to (NP it )NP )PP )VP )UCP )VP )S . )S  STOP
(S So (SBAR if (S (NP anything )NP (VP happened (PP to (NP me )NP )PP )VP )S )SBAR , (NP I )NP (VP 'd (VP want (S (VP to (VP leave (ADVP behind )ADVP (NP (NP enough (SBAR so that (S (NP my *UNK- husband )NP (VP would (VP be (ADJP able (S (VP to (VP pay (PRT off )PRT (NP (NP the mortgage )NP and (NP some other debts )NP )NP )VP )VP )S )ADJP )VP )VP )S )SBAR )NP (PRN -LRB- though not (PRN , (S (NP I )NP (VP admit )VP )S , )PRN (NP enough (S (VP to (VP put (NP any potential second wife )NP (PP in (NP (NP the *UNK )NP (PP of (NP luxury )NP )PP )NP )PP )VP )VP )S )NP -RRB- )PRN )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (VP (VP *UNKING (SBAR that (S (ADVP maybe )ADVP (NP (QP $ 100,000 to $ 150,000 )QP )NP (VP would (VP do )VP )VP )S )SBAR )VP but (VP having (NP (NP no idea )NP (PP of (SBAR (WHNP what kind (PP of (NP policy )NP )PP )WHNP (S (NP I )NP (VP wanted )VP )S )SBAR )PP )NP )VP )VP )S , (NP I )NP (VP (VP looked (PP at (NP (NP the *UNK products )NP (PP of (NP a dozen companies )NP )PP )NP )PP )VP -- and (VP plunged (PP into (NP (NP a *UNK )NP (PP of (NP *UNK )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP Over (NP the past decade (QP or two )QP )NP )PP , (SBAR while (S (NP I )NP (VP was (VP thinking (PP about (NP *UNK *UNKING )NP )PP )VP )VP )S )SBAR , (NP the insurance industry )NP (VP has (VP spawned (NP (NP an *UNK number )NP (PP of (NP (NP products )NP , (NP (NP variations )NP (PP on (NP products )NP )PP )NP , and (NP (NP variations )NP (PP on (NP the variations )NP )PP )NP )NP )PP )NP )VP )VP . )S  STOP
(S (PP Besides (NP (NP (NP term life )NP and (NP whole life )NP )NP (PRN -LRB- (NP the old *UNK )NP -RRB- )PRN )NP )PP , (NP we )NP (ADVP now )ADVP (VP have (NP (NP universal life )NP , (NP universal *UNK life )NP , (NP flexible adjustable universal life )NP , (NP (NP policies )NP (PP with (NP *UNK bonuses )NP )PP )NP , (NP (NP policies )NP (VP *UNKED (PP with (NP exotic riders )NP )PP )VP )NP , (NP living benefit policies )NP , and (ADVP on and on )ADVP )NP )VP . )S  STOP
(SBAR (WHNP What )WHNP (S (VP to (VP do )VP )VP )S ? )SBAR  STOP
(S (ADVP First )ADVP , (VP *UNK )VP . )S  STOP
(S (S (VP *UNKC (PP of (NP all (NX (NX their riders )NX , (NX special provisions )NX , and (NX other *UNK and *UNK )NX )NX )NP )PP )VP )S , (NP insurance policies )NP (VP can (ADVP still )ADVP (VP be (VP *UNKED (PP under (NP (NP two broad categories )NP : (NP (NP (NP so-called pure insurance )NP , (SBAR (WHNP which )WHNP (S (VP (VP *UNK (NP no cash value )NP (PP in (NP the policy )NP )PP )VP and (VP pays (PRT off )PRT (PP (ADVP only )ADVP upon (NP death )NP )PP )VP )VP )S )SBAR )NP , and (NP (NP permanent insurance )NP , (SBAR (WHNP which )WHNP (S (VP provides (NP (CONJP not only )CONJP (NP a death benefit )NP (CONJP but also )CONJP (NP (NP a cash value )NP (PP in (NP the policy )NP )PP (SBAR (WHNP that )WHNP (S (VP can (VP be (VP used (PP in (NP various ways )NP )PP (SBAR while (S (NP the insured )NP (VP is (ADVP still )ADVP (ADJP alive )ADJP )VP )S )SBAR )VP )VP )VP )S )SBAR )NP )NP )VP )S )SBAR )NP )NP )NP )PP )VP )VP )VP . )S  STOP
(S (SBAR If (S (NP (NP all )NP (SBAR (S (NP you )NP (VP want )VP )S )SBAR )NP (VP is (NP *UNK- coverage )NP )VP )S )SBAR , (NP (NP pure insurance )NP -- (NP a term policy )NP -- )NP (VP gives (NP you )NP (NP (NP maximum *UNK )NP (PP for (NP your *UNK )NP )PP )NP , (PP within (NP limits )NP )PP )VP . )S  STOP
(S (NP It )NP (VP 's (ADJP (ADJP much cheaper )ADJP (PP than (NP (NP permanent insurance )NP (VP bought (PP at (NP the same age )NP )PP )VP )NP )PP )ADJP )VP . )S  STOP
(S (S But `` (NP term )NP '' (VP means (NP just that )NP )VP )S ; (S (NP the policy )NP (VP (VP is (VP written (PP for (NP a specific time period only )NP )PP )VP )VP and (VP must (VP be (VP renewed (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP expires )VP )S )SBAR )VP )VP )VP )VP )S . )S  STOP
(S (S (NP It )NP (VP may (ADVP also )ADVP (VP *UNK (SBAR that (S (NP the insured )NP (VP must (VP pass (NP another medical *UNK )NP (PP before (NP *UNK )NP )PP )VP )VP )S )SBAR )VP )VP )S ; (S (SBAR if (S (NP you )NP (VP *UNK )VP )S )SBAR (PRN -- (SBAR (WHNP which )WHNP (S (VP means (SBAR (S (NP you )NP (VP need (NP insurance )NP (ADVP (ADVP more )ADVP (PP than (ADVP ever )ADVP )PP )ADVP )VP )S )SBAR )VP )S )SBAR -- )PRN (NP you )NP (VP may not (VP be (ADJP able (S (VP to (VP buy (NP it )NP )VP )VP )S )ADJP )VP )VP )S . )S  STOP
(S (SBAR Even if (S (NP you )NP (VP (VP 're (ADJP healthy )ADJP )VP and (VP can (VP *UNK )VP )VP )VP )S )SBAR , (NP your premium )NP (VP will (VP go (ADVP up )ADVP (ADVP sharply )ADVP (SBAR because (S (NP you )NP (VP 're (ADJP (NP (NP that )NP (ADJP much )ADJP )NP older )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S So (NP term insurance )NP (VP may not (VP be (ADJP (ADJP as cheap )ADJP (SBAR as (S (NP it )NP (VP looks )VP )S )SBAR )ADJP )VP )VP . )S  STOP
(S (NP There )NP (VP are (NP (NP (NP all sorts )NP (PP of (NP (NP variations )NP (PP on (NP term insurance )NP )PP )NP )PP )NP : (NP (NP (NP policies )NP (VP structured (S (VP to (VP pay (PRT off )PRT (NP your mortgage debt )NP )VP )VP )S )VP )NP , (NP (NP term riders )NP (VP *UNKED (PRT on )PRT (PP to (NP permanent insurance )NP )PP )VP )NP , and (NP many others )NP )NP )NP )VP . )S  STOP
(S (NP (NP One *UNK )NP (SBAR (WHNP that )WHNP (S (VP appealed (PP to (NP me )NP )PP (PP at (NP first )NP )PP )VP )S )SBAR )NP (VP was (NP (NP the `` Money *UNKC *UNKC Life '' policy )NP (VP offered (PP by (NP (NP Amex Life Insurance Co. )NP , (NP the American Express unit )NP )NP )PP , (PP to (NP (NP the parent company 's )NP credit-card holders )NP )PP )VP )NP )VP . )S  STOP
(S (PP *UNKC (NP examination )NP )PP , (ADVP however )ADVP , (NP I )NP (VP *UNKED (SBAR whether (S (NP the plan )NP (VP made (NP (NP a lot )NP (PP of (NP sense )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Amex )NP (VP said (SBAR (S (NP it )NP (VP (VP would (VP charge (NP me )NP (NP (NP $ *UNKN )NP (NP a year )NP )NP (PP for (NP (NP $ 100,000 )NP (PP of (NP coverage )NP )PP )NP )PP )VP )VP -- and (VP would (VP pay (NP me )NP (ADVP back )ADVP (NP (NP all the premiums )NP (SBAR (S (NP I )NP (VP put (ADVP in )ADVP )VP )S )SBAR )NP (SBAR if (S (NP I )NP (VP canceled (NP the policy )NP (PP after (NP 10 years )NP )PP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (VP *UNKC (ADJP great )ADJP )VP )S -- or (SQ does (NP it )NP ? )SQ )S  STOP
(S (ADVP First )ADVP , (SBAR if (S (NP I )NP (VP canceled )VP )S )SBAR , (NP I )NP (VP 'd (VP have (NP (NP (ADJP no more )ADJP insurance )NP , (NP a (ADJP not *UNK )ADJP consideration )NP )NP )VP )VP . )S  STOP
(S (S (ADVP Second )ADVP , (NP (NP the $ *UNKN )NP (SBAR (S (NP I )NP (VP 'd (VP get (ADVP back )ADVP )VP )VP )S )SBAR )NP (VP would (VP be (VP (ADVP much )ADVP diminished (PP in (NP purchasing power )NP )PP (PP by (NP (NP 10 years )NP (PP of (NP inflation )NP )PP )NP )PP )VP )VP )VP )S ; (S (NP Amex , not I , )NP (VP would (VP get (NP (NP the benefit )NP (PP of (NP (NP the investment income )NP (PP on (NP my money )NP )PP , (NP (NP income )NP (SBAR (WHNP that )WHNP (S (VP would (VP have (VP (VP exceeded (NP the inflation rate )NP )VP and (ADVP thus )ADVP (VP given (NP the company )NP (NP a real profit )NP )VP )VP )VP )VP )S )SBAR )NP )NP )PP )NP )VP )VP )S . )S  STOP
(S (S (UCP (ADVP Third )ADVP and (ADJP most important )ADJP )UCP , (NP Amex )NP (VP would (VP charge (NP me )NP (NP (NP a (ADJP far higher )ADJP premium )NP (SBAR than (S (NP other *UNK companies )NP (VP would (VP (PP on (NP (NP a straight term policy )NP (PP for (NP the same amount )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S ; (S (NP I )NP (VP 'd (VP be (VP paying (ADVP (ADVP so heavily )ADVP )ADVP (S (ADVP just )ADVP (VP to (VP have (NP (NP the option )NP (PP of (S (VP getting (NP my premiums )NP (ADVP back )ADVP )VP )S )PP )NP )VP )VP )S (SBAR that (S (NP I )NP (VP 'd (ADVP almost )ADVP (VP have (S (VP to (VP cancel )VP )VP )S (S (VP to (VP make (S (NP the whole thing )NP (ADJP *UNK )ADJP )S )VP )VP )S )VP )VP )S )SBAR )VP )VP )VP )S . )S  STOP
(S (S (NP That )NP (VP would (VP be (ADJP all right )ADJP (PP with (NP (NP Amex )NP , (SBAR (WHNP which )WHNP (S (VP could (ADVP then )ADVP (VP lock (ADVP in )ADVP (NP its investment profit )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S , but (S (NP it )NP (VP does n't (VP add (PRT up )PRT (PP to (NP (NP a `` smart money '' move )NP (PP for (NP me )NP )PP )NP )PP )VP )VP )S . )S  STOP
(FRAG (SBAR (WHNP *UNKC )WHNP (S (VP goes (S (VP to (VP show (SBAR that (S (S (NP the First Law )NP (VP *UNK (PP in (NP insurance )NP )PP (PP as (PP in (NP (NP anything )NP (ADJP else )ADJP )NP )PP )PP )VP )S : (S (NP There )NP (VP is (NP no free lunch )NP )VP )S , (S (NP there )NP (VP is (NP only marketing )NP )VP )S )S )SBAR )VP )VP )S )VP )S )SBAR . )FRAG  STOP
(FRAG And (NP (NP the Second Law )NP , (ADJP unique (PP to (NP insurance )NP )PP )ADJP )NP ? )FRAG  STOP
(S (S (SBAR If (S (NP I )NP (VP die (ADVP early )ADVP )VP )S )SBAR , (NP I )NP (VP (VP win )VP -- (NP (NP a *UNK victory )NP , (SBAR since (S (NP I )NP (VP ca n't (VP enjoy (NP it )NP )VP )VP )S )SBAR )NP )VP )S -- and (S (SBAR if (S (NP I )NP (VP live (ADVP long )ADVP )VP )S )SBAR , (NP the insurer )NP (VP wins )VP )S . )S  STOP
(FRAG (ADVP *UNKC )ADVP . )FRAG  STOP
(S (NP This )NP (VP is (ADJP worth (NP *UNKING )NP )ADJP (SBAR (WHADVP when )WHADVP (S (NP (NP insurers )NP and (NP their salesmen )NP )NP (VP try (S (VP to (VP sell (NP you )NP (NP (NP permanent insurance )NP , (NP (NP the kind )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP cash value )NP )VP )S )SBAR )NP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP The word `` death '' )NP (VP can not (VP be (VP escaped (ADVP entirely )ADVP (PP by (NP the industry )NP )PP )VP )VP )VP )S , but (S (NP salesmen )NP (VP (VP *UNK (NP it )NP (SBAR (WHADVP *UNK )WHADVP (FRAG (ADJP possible )ADJP )FRAG )SBAR )VP or (VP *UNK (NP it )NP (PP in (NP *UNK )NP )PP )VP , (S (VP *UNKING (S (VP to (VP talk (PP about (NP `` savings '' and `` investment '' )NP )PP (ADVP instead )ADVP )VP )VP )S )VP )S )VP )S . )S  STOP
(S (NP The *UNK )NP (VP is (SBAR that (S (NP your *UNK- policy )NP (VP is (ADVP really )ADVP (NP (NP some kind )NP (PP of (NP (NP (NP CD )NP or (NP mutual-fund account )NP )NP (PP with (NP an added feature )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP is (S (VP *UNKING (NP the *UNKLY )NP )VP )S )VP . )S  STOP
(S (NP The fact )NP (VP is (SBAR that (S (PP as (NP a savings or investment vehicle )NP )PP , (NP insurance )NP (ADVP generally )ADVP (VP runs (NP (NP a poor second )NP (PP to (NP (NP any direct investment )NP (SBAR (S (NP you )NP (VP might (VP make (PP in (NP (NP the same things )NP (SBAR (S (NP the insurance company )NP (VP is (VP putting (NP your money )NP (PP into )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP 's (SBAR because (S (NP you )NP (VP have (S (VP to (VP pay (PP for (NP (NP (NP the insurance portion )NP (PP of (NP the policy )NP )PP )NP and (NP (NP the effort )NP (VP required (S (VP to (VP sell and service (NP the whole package )NP )VP )VP )S )VP )NP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(FRAG (ADVP *UNKC )ADVP , (NP no free lunch )NP . )FRAG  STOP
(S (NP This )NP (VP is (VP reflected (PP in (NP (NP a *UNK- mortality cost )NP -- (PP in (NP effect )NP )PP , (NP (NP your share )NP (PP of (NP (NP (NP the company 's )NP estimated liability )NP (PP in (S (VP paying (PRT off )PRT (NP (NP beneficiaries )NP (PP of (NP (NP people )NP (SBAR (WHNP who )WHNP (S (VP had (NP the *UNK (S (VP to (VP die (SBAR while (S (PP under (NP its protection )NP )PP )S )SBAR )VP )VP )S )NP )VP )S )SBAR )NP )PP )NP )VP )S )PP )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S And (S (PP in (NP most cases )NP )PP , (NP (NP a huge *UNK )NP (PP of (NP your premium )NP )PP (PP in (NP (NP the initial year (QP or two )QP )NP (PP of (NP the the policy )NP )PP )NP )PP )NP (VP is , (PP in (NP effect )NP )PP , (VP paying (NP (NP the salesman 's )NP commission )NP (ADVP as well )ADVP )VP )VP )S ; (S (NP (NP investment returns )NP (PP on (NP most policies )NP )PP )NP (VP are (ADVP actually )ADVP (ADVP negative )ADVP (PP for (NP several years )NP )PP , (PP (ADVP largely )ADVP because of (NP this )NP )PP )VP )S . )S  STOP
(S So (VP view (NP permanent insurance )NP (PP for (SBAR (WHNP what )WHNP (S (NP it )NP (VP is (PRN -- (NP (NP a compromise )NP (PP between (NP (NP pure insurance )NP and (NP direct investment )NP )NP )PP )NP )PRN )VP )S )SBAR )PP )VP . )S  STOP
(S (NP (NP The *UNK , (ADJP most traditional )ADJP form )NP (PP of (NP permanent insurance )NP )PP )NP (VP is (NP the straight whole life policy )NP )VP . )S  STOP
(S (S (NP You )NP (VP pay (NP a set premium )NP (PP for (NP (NP a set amount )NP (PP of (NP coverage )NP )PP )NP )PP )VP )S , (S (NP the company )NP (VP *UNK (NP that premium )NP (PP in (NP (NP a portfolio )NP (PP of (NP its choosing )NP )PP )NP )PP )VP )S , and (S (NP your (NX (NX cash value )NX and (NX dividends )NX )NX )NP (VP grow (PP over (NP the years )NP )PP )VP )S . )S  STOP
(S (S (NP (NP One newer *UNK )NP , (NP (NP so called *UNK- life )NP (PRN -LRB- (S (NP you )NP (VP pay (PP for (NP the whole policy )NP )PP (PP at (NP once )NP )PP )VP )S -RRB- )PRN )NP , )NP (VP has (VP been (ADJP *UNKLY popular )ADJP (PP in (NP recent years )NP )PP (PP for (NP tax reasons )NP )PP )VP )VP )S ; (S (S (NP the insured )NP (VP could (VP *UNK (NP cash value )NP (PP in (NP (NP the form )NP (PP of (NP policy `` loans )NP )PP )NP )PP )VP )VP )S , '' and (S (NP (NP none )NP (PP of (NP the proceeds )NP )PP )NP (VP were (ADJP taxable )ADJP (SBAR even though (S (NP they )NP (VP included (NP (NP gains )NP (PP on (NP investment )NP )PP )NP )VP )S )SBAR )VP )S )S . )S  STOP
(S (NP Congress )NP (VP (VP closed (NP this *UNK )NP (NP last year )NP )VP , or (VP thought (SBAR (S (NP it )NP (VP did )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP However )ADVP , (NP (NP *UNKC Capital Corp. )NP (PP of (NP (NP *UNKC )NP , (NP Mass. )NP , )NP )PP )NP (VP has (VP developed (NP (NP a `` combination plan '' )NP (PP of (NP *UNK and insurance coverage )NP )PP (SBAR (WHNP that )WHNP (S (NP it )NP (VP says (SBAR (SBAR (S (VP does not (VP violate (NP the new regulations )NP )VP )VP )S )SBAR and (SBAR that (S (VP allows (NP policy loans )NP (PP without (NP tax consequences )NP )PP )VP )S )SBAR )SBAR )VP )S )SBAR )NP )VP )VP . )S  STOP
(S But (NP (NP the percentage )NP (PP of (NP your cash reserve )NP )PP (SBAR (WHNP that )WHNP (S (NP you )NP (VP can (VP borrow (ADVP tax-free )ADVP )VP )VP )S )SBAR )NP (VP is (ADJP very small )ADJP )VP . )S  STOP
(S (S (NP I )NP (VP 'm not (VP prepared (PP in (NP any case )NP )PP (S (VP to (VP put (NP (ADJP that much )ADJP money )NP (PP into (NP a policy )NP )PP (ADVP immediately )ADVP )VP )VP )S )VP )VP )S , so (S (NP I )NP (VP look (PP into (NP (NP the broad category )NP (VP called (S (NP universal life )NP )S )VP )NP )PP )VP )S . )S  STOP
(S (S (ADJP *UNKLY popular )ADJP )S , (NP it )NP (VP is (ADJP (ADJP far more flexible )ADJP (PP than (NP straight whole life )NP )PP )ADJP )VP . )S  STOP
(S (S (NP I )NP (VP can (VP adjust (NP (NP the amount )NP (PP of (NP insurance )NP )PP (SBAR (S (NP I )NP (VP want )VP )S )SBAR )NP (PP against (NP (NP the amount )NP (VP going (PP into (NP investment )NP )PP )VP )NP )PP )VP )VP )S ; (S (NP I )NP (VP can (VP pay (NP (NP more or less )NP (PP than (NP the so-called target premium )NP )PP )NP (PP in (NP a given year )NP )PP )VP )VP )S ; and (S (NP I )NP (VP can (ADVP even )ADVP (VP *UNK (NP payments )NP (SBAR if (S (NP my cash reserves )NP (VP are (ADJP enough (S (VP to (VP cover (NP (NP the insurance portion )NP (PP of (NP the policy )NP )PP )NP )VP )VP )S )ADJP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (PP In (S (VP looking (PP at (NP (ADJP these and other )ADJP policies )NP )PP )VP )S )PP , (NP I )NP (VP learn (S (VP to (VP ask (NP (NP pointed questions )NP (PP about (NP (NP some )NP (PP of (NP (NP the assumptions )NP (VP built (PP into (NP `` (NP policy *UNK )NP '' -- (NP (NP the *UNK )NP (PP of (NP numbers )NP )PP (SBAR (WHNP that )WHNP (S (VP show (NP me )NP (NP (NP the buildup )NP (PP of (NP my cash values )NP )PP (PP over (NP the years )NP )PP )NP )VP )S )SBAR )NP )NP )PP )VP )NP )PP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP They )NP (ADVP *UNKLY )ADVP (VP give (NP (NP two scenarios )NP : (S (S (NP One )NP (VP is (VP based (PP on (NP (NP interest rates )NP (SBAR (WHNP that )WHNP (S (NP the company )NP (VP guarantees )VP )S )SBAR (PRN -LRB- (ADVP usually )ADVP (NP (QP 4 % to 4.5 % )QP )NP -RRB- )PRN )NP )PP )VP )VP )S and (S (NP the other )NP (PP on (NP (NP (NP the rate )NP (SBAR (S (NP it )NP (VP is (ADVP currently )ADVP (VP getting (PP on (NP investment )NP )PP )VP )VP )S )SBAR )NP , (ADVP often )ADVP (NP 8.5 % (QP or more )QP )NP )NP )PP )S )S )NP )VP . )S  STOP
(S (S (S (VP *UNKING (NP the latter )NP (PP over (NP several decades )NP )PP )VP )S , (NP I )NP (VP find (SBAR (S (NP my cash buildup )NP (VP is (ADJP impressive )ADJP )VP )S )SBAR )VP )S -- but (SQ can (NP any high interest rate )NP (VP prevail (PP for (NP that long )NP )PP )VP ? )SQ )S  STOP
(S (ADJP Not likely )ADJP , (NP I )NP (VP think )VP . )S  STOP
(S (ADVP Also )ADVP , (NP some policy *UNK )NP (VP assume (SBAR (SBAR that (S (NP mortality costs )NP (VP will (VP decline )VP )VP )S )SBAR or (SBAR that (S (NP I )NP (VP will (VP get (NP (NP some sort )NP (PP of (NP dividend bonus )NP )PP )NP (PP after (NP the *UNK year )NP )PP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP These )NP (VP are not (ADJP certain )ADJP , (ADVP either )ADVP )VP . )S  STOP
(SINV (S (S (NP Companies )NP `` (VP are n't (ADJP comfortable (S (VP playing (NP these games )NP )VP )S )ADJP )VP )S , but (S (NP they )NP (VP realize (SBAR (S (NP they )NP (VP 're (PP under (NP pressure (S (VP to (VP make (S (NP their policies )NP (VP look (ADJP good )ADJP )VP )S )VP )VP )S )NP )PP )VP )S )SBAR )VP )S )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP an *UNK consultant )NP (PP at (NP (NP *UNKC )NP , (NP (NP a unit )NP (PP of (NP (NP *UNKC *UNKC Co. )NP , (NP the big New York consulting firm )NP )NP )PP )NP )NP )PP )NP )NP . )SINV  STOP
(NP (NP (NP Another factor )NP (SBAR (S (VP to (VP consider )VP )VP )S )SBAR )NP : (S (S (NP (NP Some )NP (PP of (NP (NP the companies )NP (VP (ADVP currently )ADVP earning (NP (ADJP very high )ADJP yields )NP )VP )NP )PP )NP (VP are (VP doing (ADVP so )ADVP (PP through (NP (NP substantial investment )NP (PP in (NP junk bonds )NP )PP )NP )PP )VP )VP )S , and (S (NP you )NP (VP know (SBAR (WHADJP how nervous )WHADJP (S (NP the market )NP (VP has (VP been (PP about (NP those )NP )PP (ADVP lately )ADVP )VP )VP )S )SBAR )VP )S )S . )NP  STOP
(S (S (NP There )NP (VP are (NP (NP (ADJP seemingly *UNK )ADJP *UNK )NP (PP to (NP universal life )NP )PP )NP )VP )S , and (S (NP (NP it )NP )NP (VP pays (S (VP to (VP ask (NP questions )NP (PP about (NP (NP all )NP (PP of (NP them )NP )PP )NP )PP )VP )VP )S )VP )S . )S  STOP
(S (PP At (NP a *UNK- *UNK )NP )PP , (PP for (NP example )NP )PP , (NP a friend )NP (VP boasts (SBAR (SBAR that (S (NP she )NP (VP 'll (ADVP only )ADVP (VP have (S (VP to (VP pay (NP premiums )NP (PP on (NP her John *UNKC policy )NP )PP (PP for (NP seven years )NP )PP )VP )VP )S )VP )VP )S )SBAR and (SBAR that (S (NP her death benefits )NP (VP will (ADVP then )ADVP (VP be `` (VP guaranteed )VP )VP )VP )S )SBAR )SBAR )VP . '' )S  STOP
(S (NP I )NP (VP call (NP (NP her agent )NP , (NP David *UNKC )NP )NP )VP . )S  STOP
(S (ADVP *UNKC )ADVP (PRN , (S (NP he )NP (VP says )VP )S , )PRN (NP (NP premiums )NP (PP on (NP such *UNK- coverage )NP )PP )NP (VP can (VP be (VP structured (S (VP to (VP `` *UNK '' (PP after (NP a certain period )NP )PP )VP )VP )S -- (FRAG but (ADVP usually )ADVP (SBAR (ADVP only )ADVP if (S (NP interest rates )NP (VP stay (ADJP high enough (S (VP to (VP generate (NP (NP sufficient cash )NP (SBAR (S (VP to (VP cover (NP (NP the annual cost )NP (PP of (NP insurance protection )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP )S )ADJP )VP )S )SBAR )FRAG )VP )VP )VP . )S  STOP
(S (SBAR If (S (NP interest rates )NP (VP plunge )VP )S )SBAR , (NP the insurer )NP (VP may (VP be (VP knocking (PP on (NP my door )NP )PP , (S (VP asking (PP for (NP (NP *UNK premium payments )NP (SBAR (S (VP to (VP maintain (NP (NP the same amount )NP (PP of (NP protection )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )S )VP )VP )VP . )S  STOP
(S (NP I )NP (VP do n't (VP like (NP (NP the sound )NP (PP of (NP that )NP )PP )NP )VP )VP . )S  STOP
(S (NP Some insurers )NP (VP have (ADVP also )ADVP (VP started (S (VP offering (NP `` (NP *UNK bonuses )NP , '' (PP such as (NP (NP extra dividends )NP or (NP a (ADJP *UNKLY higher )ADJP interest yield )NP )NP )PP )NP )VP )S , (SBAR if (S (NP the policy )NP (VP is (VP maintained (PP for (NP 10 years )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S But (NP (NP Glenn Daily )NP , (NP a (ADJP New York-based )ADJP financial consultant )NP , )NP (VP warns (SBAR that (S (NP (NP many )NP (PP of (NP these bonuses )NP )PP )NP (VP are `` (NP just *UNK )NP , '' (SBAR because (S (NP most )NP (VP are n't (VP guaranteed (PP by (NP the companies )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S And (NP the feature )NP (VP is (ADJP so new (PRN , (S (NP he )NP (VP adds )VP )S , )PRN (SBAR that (S (NP no insurer )NP (VP has (ADVP yet )ADVP (VP established (NP (NP a track record )NP (PP for (S (ADVP actually )ADVP (VP making (NP such payments )NP )VP )S )PP )NP )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP *UNKED *UNK- provisions )NP (ADVP also )ADVP (VP merit (NP a close *UNK )NP )VP . )S  STOP
(S (S (VP *UNKED (PP by (NP (NP insurers )NP (SBAR (WHNP that )WHNP (S (VP include (NP (NP *UNKC Life Insurance Co. )NP , (NP Jackson National Life Insurance Co. )NP , and (NP National Travelers Life Insurance Co. )NP , )NP )VP )S )SBAR )NP )PP )VP )S (NP these policy riders )NP (VP let (S (NP me )NP (VP tap (NP (NP a portion )NP (PP of (NP my death benefits )NP )PP )NP (SBAR while (S (NP I )NP (VP 'm (ADVP still )ADVP (ADJP alive )ADJP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (S (NP Some provisions )NP (VP would (VP let (S (NP me )NP (VP collect (NP (NP a percentage )NP (PP of (NP (NP the policy 's )NP face value )NP )PP )NP (S (VP to (VP pay (PP for (NP (NP long-term care )NP (PP such as (NP *UNK- *UNK )NP )PP )NP )PP )VP )VP )S )VP )S )VP )VP )S ; (S (NP others )NP (VP would (VP allow (NP (NP payments )NP (PP for (NP (NP catastrophic *UNK and conditions )NP (PP such as (NP (NP cancer )NP , (NP heart *UNK )NP , (NP *UNK failure )NP and (NP kidney *UNK )NP )NP )PP )NP )PP )NP )VP )VP )S . )S  STOP
(S But (NP (NP the catastrophic events )NP (SBAR (WHPP for (WHNP which )WHNP )WHPP (S (NP the *UNK )NP (VP can (VP collect )VP )VP )S )SBAR )NP (VP (VP are (VP (ADVP narrowly )ADVP defined )VP )VP , (VP vary (PP (PP from (NP policy )NP )PP (PP to (NP policy )NP )PP )PP )VP , and (VP (ADVP generally )ADVP permit (NP (NP use )NP (PP of (NP (NP only a small fraction )NP (PP of (NP (NP the face amount )NP (PP of (NP insurance )NP )PP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (ADVP Also )ADVP , (NP (NP financial planners )NP (VP advising (PP on (NP insurance )NP )PP )VP )NP (VP say (SBAR that (S (PP to (NP their knowledge )NP )PP (NP there )NP (VP has not (ADVP yet )ADVP (VP been (NP (NP a tax ruling )NP (VP *UNKING (NP these advance payments )NP (PP from (NP taxes )NP )PP )VP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S And (PP considering (NP (NP the extra cost )NP (PP of (NP such provisions )NP )PP )NP )PP , (NP some )NP (VP figure (SBAR that (S (NP (NP people )NP (ADJP interested (PP in (PRN , (INTJ say )INTJ , )PRN (S (VP paying (PP for (NP extended *UNK- care )NP )PP )VP )S )PP )ADJP )NP (VP would (VP be (ADJP better off )ADJP (S (ADVP just )ADVP (VP buying (NP (NP a separate policy )NP (SBAR (WHNP that )WHNP (S (VP provides (NP it )NP )VP )S )SBAR )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP I )NP (VP 'm (VP (ADVP more *UNKLY )ADVP impressed (PP by `` (NP *UNK- life )NP )PP , '' (SBAR even though (S (NP it )NP (VP turns (PRT out )PRT (S (VP to (VP be (NP *UNK- life )NP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (VP selling (NP these policies )NP )VP )NP (VP (VP market (NP them )NP (ADVP directly )ADVP (PP to (NP the public )NP )PP )VP or (VP (ADVP otherwise )ADVP do n't (VP use (NP *UNKED salesmen )NP )VP )VP )VP )S ; (S (S (NP there )NP (VP is (ADVP still )ADVP (NP (NP a load )NP -- (NP (NP annual administrative fees )NP and (NP initial `` *UNK '' charges )NP )NP -- )NP )VP )S but (S (NP I )NP (VP figure (SBAR that (S (NP (NP the lack )NP (PP (PP of (NP commission )NP )PP and (PP of (NP `` (NP surrender fees )NP '' (PP for (S (VP dropping (NP the policy )NP (ADVP early )ADVP )VP )S )PP )NP )PP )PP )NP (ADVP still )ADVP (VP *UNK (NP me )NP (NP a lot )NP )VP )S )SBAR )VP )S )S . )S  STOP
(S (NP I )NP (VP compared (NP (NP one universal policy )NP (PP for (NP (ADJP $ *UNKN )ADJP face amount )NP )PP (PP from (NP (NP such an insurer )NP , (NP (NP American Life Insurance Corp. )NP (PP of (NP (NP Lincoln )NP , (NP Neb. )NP , )NP )PP )NP )NP )PP )NP (PP with (NP (NP a similar offering )NP (PP from (NP (NP (NP *UNKC Life *UNKC Society )NP (PP of (NP the U.S. )NP )PP )NP , (SBAR (WHNP which )WHNP (S (VP operates (PP through (NP *UNKN *UNKED salesmen )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (PP After (NP one year )NP )PP (S (NP I )NP (VP could (VP walk (ADVP away (PP from (NP the *UNKC policy )NP )PP )ADVP (PP with (NP $ *UNKN )NP )PP )VP )VP )S , but (S (NP *UNK )NP (VP get (NP (QP only $ 14 )QP )NP (PP from (NP the *UNKC )NP )PP )VP )S . )S  STOP
(S (NP The difference )NP (VP is (VP *UNKED (PP by (NP time )NP )PP , (ADVP too )ADVP )VP )VP . )S  STOP
(S (PP At (NP age 65 )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP I )NP (VP 'd (VP stop (S (VP paying (NP premiums )NP )VP )S )VP )VP )S )SBAR , (NP the *UNKC offering )NP (VP would (VP have (NP (NP a projected cash value )NP (ADJP (ADJP (NP $ *UNKN )NP higher )ADJP (PP than (NP the other )NP )PP )ADJP )NP , (SBAR even though (S (NP (NP the *UNKC 's )NP policy illustration )NP (VP assumed (NP a (ADJP *UNKLY higher )ADJP interest rate )NP )VP )S )SBAR )VP )VP . )S  STOP
(SQ *UNKC (NP I )NP (VP buy (NP it )NP )VP ? )SQ  STOP
(FRAG (INTJ Well )INTJ , (ADVP not yet )ADVP . )FRAG  STOP
(S (NP I )NP (VP 'm (VP thinking (PP about (S (VP using (NP the (ADJP $ *UNKN )ADJP annual premium )NP (S (VP to (VP finance (NP (NP a trip )NP (PP to (NP Paris )NP )PP )NP (ADVP first )ADVP )VP )VP )S )VP )S )PP )VP )VP . )S  STOP
(S (NP A person )NP (VP can (VP (VP do (NP (NP some heavy thinking )NP (PP about (NP insurance )NP )PP )NP (ADVP there )ADVP )VP -- and (VP shop (PP for (NP (NP something )NP (ADJP more exciting )ADJP )NP )PP )VP (SBAR while (S (NP she )NP (VP 's (VP doing (NP it )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP *UNKC Group Inc. )NP (VP will (VP report (SBAR that (S (NP third-quarter profit )NP (VP rose (NP (QP more than 15 )QP % )NP (PP from (ADVP (NP a year )NP earlier )ADVP )PP , (SBAR though (S (NP the gain )NP (VP is (ADJP wholly due (PP to (NP asset sales )NP )PP )ADJP )VP )S )SBAR )VP )S )SBAR )VP )VP )S , (NP (NP Robert *UNKC )NP , (NP (NP chairman )NP , (NP president )NP and (NP chief executive officer )NP )NP , )NP (VP said )VP . )S  STOP
(S (NP His projection )NP (VP indicates (NP (NP profit )NP (PP in (NP the latest quarter )NP )PP (PP of (NP (NP (NP (QP more than $ *UNKN million )QP )NP , or (NP (NP 55 cents )NP (NP a share )NP )NP )NP , (PP compared (PP with (NP (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 48 cents )NP (NP a share )NP )NP , )NP (ADVP (NP a year )NP ago )ADVP )NP )PP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (PP in (NP an interview )NP )PP (SBAR that (S (NP sales )NP (VP will (VP show (NP (NP an increase )NP (PP from (ADVP (NP a year )NP ago )ADVP )PP (PP of `` (NP (QP somewhat less than 10 )QP % )NP )PP )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (PP Through (NP (NP the first six months )NP (PP of (NP 1989 )NP )PP )NP )PP , (NP sales )NP (VP had (VP grown (NP (QP about 12 )QP % )NP (PP from (NP the year-earlier period )NP )PP )VP )VP . )S  STOP
(S (NP (NP Growth )NP (PP of (NP 10 % )NP )PP )NP (VP would (VP make (S (NP (NP sales )NP (PP for (NP the latest quarter )NP )PP )NP (NP (NP (QP $ *UNKN million )QP )NP , (PP compared (PP with (NP (NP $ (QP *UNKN million )QP )NP (ADVP (NP a year )NP ago )ADVP )NP )PP )PP )NP )S )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP (NP the profit growth )NP (PP in (NP the latest quarter )NP )PP )NP (VP was (ADJP due (PP to (NP (NP the sale )NP (PP of (NP two *UNKC drugs )NP )PP )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP an *UNK )NP , )NP (VP was (VP sold (PP to (NP (NP *UNKC PLC )NP , (NP London )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP (NP a drug )NP (VP used (S (VP to (VP *UNK (NP *UNKING )NP )VP )VP )S )VP )NP , )NP (VP was (VP sold (PP to (NP (NP Jones Medical Industries Inc. )NP , (NP St. Louis )NP )NP )PP )VP )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP *UNKC )NP (VP (VP sold (NP the drugs )NP (PP for `` (NP nice prices )NP '' )PP )VP and (VP will (VP record (NP (NP a combined , pretax gain )NP (PP on (NP the sales )NP )PP (PP of (NP (QP $ 20 million )QP )NP )PP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (SBAR As (S (NP (NP the gain )NP (PP from (NP the sales )NP )PP )NP (VP indicates )VP )S )SBAR , (NP operating profit )NP (VP was (PP `` (ADVP significantly )ADVP '' below (NP the year-earlier level )NP )PP )VP )S , (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (NP *UNKC )NP (PP in (NP July )NP )PP (VP had (VP projected (NP (NP lower third-quarter operating profit )NP but (NP (NP higher profit )NP (PP for (NP (NP all )NP (PP of (NP 1989 )NP )PP )NP )PP )NP )NP )VP )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP the company )NP (VP is (ADVP still )ADVP (VP looking (PP for `` (NP (NP a strong fourth quarter )NP (PP in (NP (NP all areas )NP -- (NP (NP sales )NP , (NP operating income )NP and (NP net income )NP )NP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP attributed (NP (NP the decline )NP (PP in (NP third-quarter operating profit )NP )PP )NP (PP (PP to (NP (NP the stronger dollar )NP , (SBAR (WHNP which )WHNP (S (VP reduces (NP (NP the value )NP (PP of (NP overseas profit )NP )PP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP is (VP translated (PP into (NP dollars )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )NP )PP ; (PP to (NP (NP *UNKED buying )NP (PP of (NP *UNKC products )NP )PP (PP in (NP the second quarter )NP )PP (PP because of (NP a *UNKING (NAC July 1 )NAC price increase )NP )PP )NP )PP , and (PP to (NP (NP higher marketing expenses )NP (PP for (NP (NP (NP Rorer 's )NP *UNKC *UNK )NP , (SBAR (WHNP (WHNP whose sales and market share )WHNP (PP in (NP the U.S. )NP )PP )WHNP (S (VP had (VP slipped (PP in (NP (NP the first half )NP (PP of (NP 1989 )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP Rorer )NP (VP *UNKED (S (VP to (VP sell (NP *UNKC and *UNKC )NP (S (VP to (VP raise (NP (NP revenue )NP (SBAR (WHNP that )WHNP (S (VP would (VP `` *UNK start '' (NP (NP its increased marketing efforts )NP (PP behind (NP (NP *UNKC )NP , (ADVP still )ADVP (NP its *UNKING product )NP (PP with (NP (NP (QP about $ *UNKN million )QP )NP (PP in (NP world-wide sales )NP )PP (PP in (NP 1988 )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S `` (NP We )NP (VP had (VP *UNKED (NP *UNKC )NP (PP for (NP a year )NP )PP (PRN , '' (S (NP he )NP (VP said )VP )S , )PRN (SBAR because (S (NP the company )NP (VP was (VP concentrating (PP on (NP (NP research and development )NP and (S (VP promoting (NP other drugs )NP )VP )S )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP Rorer )NP (VP will (VP spend (NP (NP (ADJP (QP $ 15 million to $ 20 million )QP )ADJP more )NP )NP (PP on (NP (NP *UNKC advertising and promotion )NP (PP in (NP (NP the second half )NP (PP of (NP 1989 )NP )PP )NP )PP )NP )PP (PP than (PP in (NP the year-earlier period )NP )PP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP A `` big chunk '' )NP (PP of (NP that additional spending )NP )PP )NP (VP came (PP in (NP the third quarter )NP )PP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (NP Hoechst AG )NP (VP said (SBAR (S (NP it )NP (VP will (VP stop (S (VP producing (NP *UNK )NP )VP )S (PP in (NP 1990 )NP )PP (PP because of (NP (NP continued losses )NP and (NP a bleak outlook )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The (ADJP West German )ADJP chemical concern )NP (VP said (SBAR (S (NP it )NP (VP will (VP close (NP (NP the last remaining *UNK plant )NP (PP in (NP *UNKC )NP )PP )NP (PP in (NP (NP the fall )NP (PP of (NP next year )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Hoechst )NP (VP said (SBAR (S (NP the *UNK market )NP (VP faces (NP (NP (NP overcapacity )NP (PP in (NP Western Europe )NP )PP )NP , (NP (NP rising imports )NP (PP from (UCP (NP East bloc countries )NP and (ADVP overseas )ADVP )UCP )PP )NP , and (NP declining demand )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP HomeFed Corp. )NP (VP said (SBAR (S (NP (NP its main subsidiary )NP , (NP Home Federal Savings & Loan )NP , )NP (VP (VP converted (PP from (NP a federal savings and loan )NP )PP (PP to (NP a federal savings bank )NP )PP )VP and (VP changed (NP its name )NP (PP to (NP HomeFed Bank )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP The federal Office )NP (PP of (NP Thrift Supervision )NP )PP )NP (VP approved (NP the conversion )NP (NP last Friday )NP )VP )S , (NP HomeFed )NP (VP said )VP . )S  STOP
(S (S (NP (NP The change )NP (PP in (NP charter )NP )PP )NP (VP does n't (VP alter (NP (NP (NP the federal insurance )NP (PP of (NP deposits )NP )PP )NP , (NP federal regulatory powers )NP or (NP company operations )NP )NP )VP )VP )S , (NP a spokesman )NP (VP said )VP . )S  STOP
(S (S (NP It )NP (VP was (NP (NP the second anniversary )NP (PP of (NP the 1987 crash )NP )PP )NP )VP )S , but (S (NP this time )NP (NP it )NP (VP was (ADJP different )ADJP )VP )S . )S  STOP
(S (NP Stocks )NP (VP rallied (PP (PP on (NP good earnings reports )NP )PP and (PP on (NP (NP data )NP (SBAR (WHNP that )WHNP (S (VP showed (NP (NP less inflation )NP (SBAR than (S (VP expected )VP )S )SBAR )NP )VP )S )SBAR )NP )PP )PP )VP . )S  STOP
(S (NP Blue chips )NP (VP led (NP (NP the march )NP (ADVP up )ADVP )NP (PP in (NP heavy trading )NP )PP )VP . )S  STOP
(S (NP The Dow Jones Industrial Average )NP (VP rose (NP *UNKN points )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP The 30 industrials )NP (VP led (NP the market )NP (ADVP higher )ADVP (PP from (NP the opening bell )NP )PP (SBAR as (S (NP foreign buyers )NP (VP stepped (ADVP in )ADVP )VP )S )SBAR )VP . )S  STOP
(S (PP By (NP afternoon )NP )PP , (NP the broader market )NP (VP joined (NP the advance )NP (PP in (NP full strength )NP )PP )VP . )S  STOP
(S (S (NP (NP Standard & Poor 's )NP 500-stock Index )NP (VP rose (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )VP )S and (S (NP the Nasdaq composite index )NP (VP jumped (NP 7.52 )NP (PP to (NP *UNKN )NP )PP )VP )S . )S  STOP
(S (NP New York Stock Exchange volume )NP (VP swelled (PP to (NP *UNKN shares )NP )PP )VP . )S  STOP
(S (S (NP The industrials )NP (VP were (ADVP up (NP (QP about 60 )QP points )NP )ADVP (PP in (NP the afternoon )NP )PP )VP )S , but (S (NP cautious investors )NP (VP took (NP profits )NP (PP before (NP the close )NP )PP )VP )S . )S  STOP
(S (NP Traders )NP (VP said (SBAR (S (NP (NP a variety )NP (PP of (NP factors )NP )PP )NP (VP triggered (NP the rally )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The consumer price index )NP (VP rose (NP 0.2 % )NP (PP in (NP September )NP )PP , (SBAR while (S (NP many economists )NP (VP were (VP looking (PP for (NP a (ADJP 0.4 % )ADJP increase )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC arbitrage buy programs )NP -- (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP traders )NP (VP buy (NP stock )NP (PP against (NP (NP offsetting positions )NP (PP in (NP futures )NP )PP )NP )PP (S (VP to (VP lock (PRT in )PRT (NP price differences )NP )VP )VP )S )VP )S )SBAR -- )NP (VP helped (NP (NP the rally 's )NP momentum )NP )VP . )S  STOP
(S (S (NP The *UNK )NP (VP was (ADJP such (SBAR that (S (NP investors )NP (VP responded (PP to (NP (NP good earnings reports )NP (PP of (NP (NP companies )NP (PP such as (NP American Express )NP )PP )NP )PP )NP )PP , (SBAR while (S (VP ignoring (NP (NP the disappointing profits )NP (PP of (NP (NP companies )NP (PP such as (NP *UNKC )NP )PP )NP )PP )NP )VP )S )SBAR )VP )S )SBAR )ADJP )VP )S , (NP analysts )NP (VP said )VP . )S  STOP
(S (S (NP *UNKC arbitrage trading )NP (VP was (NP a minor influence )NP (PP in (NP (NP yesterday 's )NP rally )NP )PP )VP )S , (NP traders )NP (VP said )VP . )S  STOP
(S (NP Institutional buyers )NP (VP were (NP (NP the main force )NP (VP pushing (NP blue chips )NP (ADVP higher )ADVP )VP )NP )VP . )S  STOP
(S (PP To (NP (NP the *UNK )NP (PP of (NP some traders )NP )PP )NP )PP , (NP takeover stocks )NP (VP were (VP climbing (ADVP again )ADVP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP rose (NP (QP 2 7\/8 )QP )NP (PP to (NP 100 )NP )PP , (PP for (NP example )NP )PP )VP . )S  STOP
(S (NP Last Friday )NP , (NP takeover traders )NP (VP *UNKED (ADVP out (PP of (NP *UNKC )NP )PP )ADVP , (S (VP knocking (NP the stock )NP (ADVP down (NP 21 1\/2 )NP (PP to (NP 85 )NP )PP )ADVP )VP )S )VP . )S  STOP
(S (PP Among (NP (NP other stocks )NP (VP (VP involved (PP in (NP *UNK )NP )PP )VP or (VP rumored (S (VP to (VP be (ADVP so )ADVP )VP )VP )S )VP )VP )NP )PP : (S (NP Holiday Corp. )NP (VP gained (NP (QP 1 7\/8 )QP )NP (PP to (NP 73 )NP )PP )VP )S and (S (NP Honeywell )NP (VP rose (NP (QP 2 7\/8 )QP )NP (PP to (NP (QP 81 1\/2 )QP )NP )PP )VP )S . )S  STOP
(S (NP One floor trader )NP (VP noted (PP in (NP *UNK )NP )PP (SBAR that (S (NP nobody )NP (VP seemed (S (VP to (VP mind (NP the news (SBAR that (S (NP British Airways )NP (VP is n't (VP making (NP a special effort (S (VP to (VP revive (NP the UAL buy-out )NP )VP )VP )S )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The announcement )NP (PP of (NP (NP the buy-out 's )NP troubles )NP )PP )NP (VP triggered (NP (NP (NP the market 's )NP *UNK *UNK )NP (ADVP (NP a week )NP ago )ADVP )NP )VP . )S  STOP
(S (NP Takeover enthusiasm )NP (VP may (VP have (VP been (VP renewed (SBAR (WHADVP when )WHADVP (S (NP an investor group )NP (VP disclosed (NP yesterday )NP (SBAR that (S (NP it )NP (VP had (VP obtained (NP (NP all the financing )NP (VP required (S (VP to (VP complete (NP (NP its (ADJP (QP $ 1.6 billion )QP )ADJP leveraged buy-out )NP (PP of (NP American Medical International )NP )PP )NP )VP )VP )S )VP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP )VP )VP . )S  STOP
(SINV `` (S (NP That )NP (VP 's (VP put (NP some *UNK )NP (ADVP back )ADVP (PP into (NP this market )NP )PP )VP )VP )S , '' (VP said )VP (NP (NP Peter *UNKC )NP , (NP (NP a vice president )NP (PP of (NP equity trading )NP )PP (PP at (NP Shearson Lehman Hutton )NP )PP )NP )NP . )SINV  STOP
(S But (NP some traders )NP (VP thought (SBAR (S (NP there )NP (VP was (NP (NP less )NP (PP to (NP the rally )NP )PP (SBAR than (S (VP met (NP the eye )NP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP There )NP (VP is (NP (NP no strength )NP (PP behind (NP this rally )NP )PP )NP )VP )S , '' (VP asserted )VP (NP (NP Chung *UNKC )NP , (NP (NP head trader )NP (PP at (NP Kleinwort Benson North America )NP )PP )NP )NP . )S  STOP
(S `` (NP It )NP (VP 's (S (NP traders )NP (VP *UNKING (NP positions )NP )VP )S )VP . )S  STOP
(S (S (NP It )NP (VP 's not (ADJP good )ADJP )VP )S ; (S (NP the market )NP (VP is (VP setting (PRT up )PRT (PP for (NP another fall )NP )PP )VP )VP )S . '' )S  STOP
(S (ADVP Indeed )ADVP , (NP many traders )NP (VP said (SBAR that (S (NP (NP uncertainty )NP (PP about (NP (NP (NP today 's )NP monthly expiration )NP (PP of (NP (NP *UNK- futures and options )NP , and (NP (NP options )NP (PP on (NP individual stocks )NP )PP )NP , )NP )PP )NP )PP )NP (VP prompted (NP (NP a lot )NP (PP of (NP (NP buying )NP (PP by (NP (NP *UNK traders )NP (SBAR (WHNP who )WHNP (S (VP were (VP *UNKING (NP (NP positions )NP (SBAR (WHNP that )WHNP (S (VP were (NP (NP *UNK )NP (PP on (NP declining stock prices )NP )PP )NP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The number )NP (PP of (NP outstanding contracts )NP )PP (PP in (NP the October Major Market Index )NP )PP )NP (VP jumped (PP from (NP *UNKN )NP (PP on (NP Friday )NP )PP )PP (PP to (NP *UNKN )NP (PP on (NP Monday )NP )PP )PP )VP . )S  STOP
(S (NP The *UNKC )NP (VP is (NP (NP a *UNK- index )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP the Dow Jones Industrial Average )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP *UNKING contracts )NP (VP are (NP (NP those )NP (SBAR (WHNP that )WHNP (S (VP remain (S (VP to (VP be (VP *UNKED )VP )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(SINV (S (PP By (NP Wednesday )NP )PP , (NP the outstanding October contracts )NP (VP amounted (PP to (NP (NP *UNKN )NP , (VP representing (NP (NP (QP about $ *UNKN billion )QP )NP (PP in (NP stock )NP )PP )NP )VP )NP )PP )VP )S , (VP noted )VP (NP (NP Donald *UNKC )NP , (NP (NP head )NP (PP of (NP stock-index futures research )NP )PP (PP at (NP Prudential-Bache Securities )NP )PP )NP , (SBAR (WHNP who )WHNP (S (VP expects (NP a volatile expiration )NP (NP today )NP )VP )S )SBAR )NP . )SINV  STOP
(S `` (S (NP There )NP (VP has (VP been (NP (NP a tremendous increase )NP '' (PP in (NP *UNKC positions )NP )PP )NP )VP )VP )S , (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (NP Consumer stocks )NP (ADVP once again )ADVP (VP set (NP the pace )NP (PP for (NP blue-chip issues )NP )PP )VP . )S  STOP
(S (S (NP Philip Morris )NP (VP added (NP (QP 1 1\/8 )QP )NP (PP to (NP (QP 44 1\/2 )QP )NP )PP (PP in (NP (NP Big Board composite trading )NP (PP of (NP (QP 3.7 million )QP shares )NP )PP )NP )PP )VP )S , (S (NP Coca-Cola Co. )NP (VP gained (NP (QP 2 3\/8 )QP )NP (PP to (NP (QP 70 3\/8 )QP )NP )PP )VP )S , (S (NP *UNKC )NP (VP gained (NP (QP 1 3\/8 )QP )NP (PP to (NP (QP 77 3\/8 )QP )NP )PP )VP )S and (S (NP American Telephone & Telegraph )NP (VP advanced (NP 7\/8 )NP (PP to (NP (QP 43 3\/8 )QP )NP )PP (PP on (NP (QP 2.5 million )QP shares )NP )PP )VP )S . )S  STOP
(S (NP American Medical )NP (VP jumped (NP 1 7\/8 )NP (PP to (NP (QP 23 5\/8 )QP )NP )PP )VP . )S  STOP
(S (NP (NP IMA Acquisition )NP , (NP (NP an investor group )NP (SBAR (WHNP that )WHNP (S (VP includes (NP (NP First Boston )NP and (NP (NP the *UNKC family )NP (PP of (NP Chicago )NP )PP )NP )NP )VP )S )SBAR )NP , )NP (VP said (SBAR (S (NP Chemical Bank )NP (VP had (VP made (NP arrangements (SBAR for (S (NP 23 other banks )NP (VP to (VP provide (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP bank financing )NP )PP (PP for (NP the buy-out offer )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP Chemical )NP and (NP six other banks )NP )NP , (PP along (PP with (NP First Boston )NP )PP )PP , )NP (VP are (VP providing (NP (NP the rest )NP (PP of (NP the (QP $ 1.6 billion )QP )NP )PP )NP )VP )VP . )S  STOP
(S (ADVP Elsewhere (PP on (NP the takeover front )NP )PP )ADVP , (S (NP Time Warner )NP (VP advanced (NP (QP 2 5\/8 )QP )NP (PP to (NP (QP *UNKN 5\/8 )QP )NP )PP )VP )S and (S (NP Warner Communications )NP (VP *UNKED (PRT on )PRT (NP 7\/8 )NP (PP to (NP (QP 63 7\/8 )QP )NP )PP )VP )S . )S  STOP
(S (NP The Delaware Supreme Court )NP (VP *UNKED (NP (NP a ruling )NP (SBAR (WHNP that )WHNP (S (VP *UNKED (NP *UNKC Industries )NP (PP from (S (VP voting (NP its Warner preferred stock )NP (PP as (NP a separate class )NP )PP (PP in (S (VP deciding (PP on (NP (NP the companies ' )NP proposed merger )NP )PP )VP )S )PP )VP )S )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (S (NP Paramount Communications )NP (VP climbed (NP (QP 1 1\/4 )QP )NP (PP to (NP (QP 58 1\/2 )QP )NP )PP )VP )S and (S (NP MCA )NP (VP rose (NP (QP 1 1\/2 )QP )NP (PP to (NP 64 )NP )PP )VP )S )S ; (S (NP both media companies )NP (VP have (ADVP long )ADVP (VP been (VP mentioned (PP as (NP potential acquisition candidates )NP )PP )VP )VP )VP )S . )S  STOP
(S (PP Among (NP other (ADJP actual and rumored )ADJP targets )NP )PP , (S (NP *UNKC )NP (VP rose (NP (QP 1 1\/4 )QP )NP (PP to (NP (QP 60 1\/2 )QP )NP )PP )VP )S , (S (NP *UNKC )NP (VP went (ADVP up (NP (QP 1 1\/8 )QP )NP )ADVP (PP to (NP (QP 39 3\/4 )QP )NP )PP )VP )S , (S (NP Armstrong World Industries )NP (VP gained (NP 1 )NP (PP to (NP (QP 40 1\/8 )QP )NP )PP )VP )S and (S (NP *UNKC )NP (VP rose (NP 3\/4 )NP (PP to (NP (QP 13 7\/8 )QP )NP )PP )VP )S . )S  STOP
(S (PP In (NP addition )NP )PP : -- (NP *UNKC Line )NP (VP jumped (NP (QP 2 3\/4 )QP )NP (PP to (NP (NP (QP 20 1\/4 )QP )NP , (PP above (NP (NP the $ *UNKN )NP (NP a share )NP (SBAR (WHNP that )WHNP (S (NP Canadian Pacific )NP (VP offered (PP for (NP the company )NP )PP (PP in (NP a takeover proposal )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S -- (NP *UNKC )NP (VP gained (NP 1 1\/8 )NP (PP to (NP 27 1\/8 )NP )PP )VP . )S  STOP
(S (NP (NP Investor Robert M. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP owns (NP (NP a (ADJP 4.7 % )ADJP stake )NP (PP in (NP the company )NP )PP )NP )VP )S )SBAR , )NP (VP said (SBAR (S (NP he )NP (VP plans (NP (NP a proxy fight )NP (PP for (NP (NP control )NP (PP of (NP its board )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S -- (S (NP Golden *UNKC )NP (VP rose (NP 2 )NP (PP to (NP (QP 28 1\/4 )QP )NP )PP )VP )S . )S  STOP
(S (NP Its board )NP (VP approved (NP (NP the repurchase )NP (PP of (NP (NP (QP as many as three million )QP common shares )NP , or (NP (NP (QP about 17 )QP % )NP (PP of (NP (NP its shares )NP (ADJP outstanding )ADJP )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (NP Buying interest )NP (ADVP also )ADVP (VP *UNKED (PP in (NP (NP the technology sector )NP , (PP including (NP (NP International Business Machines )NP , (SBAR (WHNP whose board )WHNP (S (VP approved (NP (NP a (ADJP (QP $ 1 billion )QP )ADJP increase )NP (PP in (NP its stock buy-back program )NP )PP )NP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP IBM )NP (VP rose (NP (QP 2 3\/8 )QP )NP (PP to (NP (QP *UNKN 1\/8 )QP )NP )PP (SBAR as (S (NP (QP 2.2 million )QP shares )NP (VP changed (NP hands )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Compaq Computer )NP (VP soared (NP (QP 4 5\/8 )QP )NP (PP to (NP (QP 111 1\/8 )QP )NP )PP (PP on (NP (QP 1.8 million )QP shares )NP )PP (PP in (NP (NP response )NP (PP to (NP (NP (NP the company 's )NP announcement )NP (PP of (NP plans (S (VP to (VP introduce (NP several products )NP (NP next month )NP )VP )VP )S )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Digital Equipment )NP (VP gained (NP 1 3\/8 )NP (PP to (NP 89 3\/4 )NP )PP (PP despite (S (VP reporting (NP (NP earnings )NP (PP for (NP the September quarter )NP )PP (SBAR (WHNP that )WHNP (S (VP were (PP on (NP (NP the low end )NP (PP of (NP expectations )NP )PP )NP )PP )VP )S )SBAR )NP )VP )S )PP )VP . )S  STOP
(S (PP Among (NP other technology issues )NP )PP , (S (NP Cray Research )NP (VP rose (NP (QP 1 5\/8 )QP )NP (PP to (NP 37 )NP )PP )VP )S , (S (NP Hewlett-Packard )NP (VP added (NP (QP 1 1\/4 )QP )NP (PP to (NP (QP 50 1\/4 )QP )NP )PP )VP )S , (S (NP *UNKC Computers )NP (VP rallied (NP (QP 1 1\/8 )QP )NP (PP to (NP (QP 25 3\/4 )QP )NP )PP )VP )S , (S (NP Data General )NP (VP rose (NP 3\/4 )NP (PP to (NP (QP 14 1\/2 )QP )NP )PP )VP )S and (S (NP Motorola )NP (VP gained (NP (QP 2 3\/8 )QP )NP (PP to (NP (QP 59 1\/4 )QP )NP )PP )VP )S . )S  STOP
(S (PP On (NP the other hand )NP )PP , (S (NP *UNKC Technologies )NP (VP dropped (NP (QP 1 1\/4 )QP )NP (PP to (NP (QP 18 1\/2 )QP )NP )PP (SBAR after (S (NP Shearson Lehman Hutton )NP (VP lowered (NP (NP its short-term investment rating )NP (PP on (NP (NP the stock )NP and (NP its 1989 earnings estimate )NP )NP )PP )NP )VP )S )SBAR )VP )S , and (S (NP Commodore International )NP (VP fell (NP 7\/8 )NP (PP to (NP 8 )NP )PP (SBAR after (S (NP the company )NP (VP said (SBAR (S (NP it )NP (VP expects (S (VP to (VP post (NP a loss )NP (PP for (NP the September quarter )NP )PP )VP )VP )S )VP )S )SBAR )VP )S )SBAR )VP )S . )S  STOP
(S (NP Insurance stocks )NP (VP continued (S (VP to (VP climb (PP on (NP expectations (SBAR that (S (NP premium rates )NP (VP will (VP rise (PP in (NP (NP the aftermath )NP (PP of (NP (NP the earthquake )NP (PP in (NP the San Francisco area )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S (S (NP American International Group )NP (VP climbed (NP 4 )NP (PP to (NP (QP 106 5\/8 )QP )NP )PP )VP )S , (S (NP General *UNK )NP (VP rose (NP (QP 3 1\/8 )QP )NP (PP to (NP (QP 89 5\/8 )QP )NP )PP )VP )S , (S (NP Kemper )NP (VP added (NP (QP 2 1\/2 )QP )NP (PP to (NP 48 )NP )PP )VP )S , (S (NP *UNKC )NP (VP went (ADVP up (NP (QP 1 3\/8 )QP )NP )ADVP (PP to (NP 36 )NP )PP )VP )S and (S (NP *UNKC )NP (VP rose (NP (QP 1 1\/4 )QP )NP (PP to (NP (QP *UNK 1\/4 )QP )NP )PP )VP )S . )S  STOP
(S (NP (NP Stocks )NP (PP of (NP major toy makers )NP )PP )NP (VP rallied (PP in (NP (NP the wake )NP (PP of (NP strong third-quarter earnings reports )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP added (NP (QP 1 1\/4 )QP )NP (PP to (NP (QP 19 5\/8 )QP )NP )PP )VP )S , (S (NP *UNKC )NP (VP firmed (NP 1 )NP (PP to (NP (QP 18 1\/2 )QP )NP )PP )VP )S and (S (NP Lewis *UNKC *UNKC )NP (VP rose (NP 7\/8 )NP (PP to (NP (QP 13 5\/8 )QP )NP )PP )VP )S (PP on (NP the Big Board )NP )PP , (SBAR while (S (NP *UNKC )NP (VP gained (NP 1 )NP (PP to (NP (QP 21 7\/8 )QP )NP )PP (PP on (NP the American Stock Exchange )NP )PP )VP )S )SBAR . )S  STOP
(S (NP Capital *UNKC )NP (VP surged (NP (QP 42 5\/8 )QP )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP Kidder Peabody )NP (VP raised (NP (NP its investment rating )NP (PP on (NP (NP the stock )NP and (NP its earnings estimates )NP )NP )PP (PP for (NP 1989 and 1990 )NP )PP )NP , (PP based (PP on (NP *UNK (SBAR that (S (NP (NP the company 's )NP ABC television network )NP (VP will (VP continue (S (VP to (VP fare (ADVP well )ADVP (PP in (NP the ratings )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )PP )PP )VP . )S  STOP
(S (NP Dun & Bradstreet )NP (VP lost (NP (QP 1 7\/8 )QP )NP (PP to (NP (QP 51 7\/8 )QP )NP )PP (PP on (NP (QP 1.8 million )QP shares )NP )PP )VP . )S  STOP
(S (NP Merrill Lynch )NP (VP lowered (NP (NP its short-term rating )NP (PP on (NP (NP the stock )NP and (NP (NP its estimate )NP (PP of (NP 1990 earnings )NP )PP )NP )NP )PP )NP , (S (VP citing (NP (NP a sales slowdown )NP (PP in (NP (NP the company 's )NP *UNKING business )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP (NP Pinnacle West Capital )NP , (SBAR (WHNP which )WHNP (S (VP (VP suspended (NP its *UNK- dividend )NP (ADVP *UNKLY )ADVP )VP and (VP reported (NP (NP a (ADJP 91 % )ADJP decline )NP (PP in (NP third-quarter earnings )NP )PP )NP )VP )VP )S )SBAR , )NP (VP fell (NP 5\/8 )NP (PP to (NP (QP 11 3\/8 )QP )NP )PP )VP . )S  STOP
(S (NP The Amex Market Value Index )NP (VP recorded (NP (NP its *UNK gain )NP (PP of (NP the year )NP )PP )NP (PP by (S (VP climbing (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP Volume )NP (VP totaled (NP *UNKN shares )NP )VP . )S  STOP
(S (NP (NP B.A.T Industries )NP , (NP the (ADJP most active )ADJP Amex issue )NP , )NP (VP rose (NP 3\/8 )NP (PP to (NP (QP 12 3\/8 )QP )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP received (NP (NP shareholder approval )NP (PP for (NP (NP its restructuring plan )NP , (VP designed (S (VP to (VP fend (PRT off )PRT (NP (NP a hostile takeover bid )NP (PP from (NP (NP a group )NP (VP headed (PP by (NP financier Sir James Goldsmith )NP )PP )VP )NP )PP )NP )VP )VP )S )VP )NP )PP )NP )VP . )S  STOP
(S (S (NP *UNKC Development Class A )NP (VP jumped (NP (QP 3 1\/8 )QP )NP (PP to (NP (QP 37 1\/8 )QP )NP )PP )VP )S and (S (NP Class B )NP (VP rose (NP (QP 2 5\/8 )QP )NP (PP to (NP (QP 37 1\/4 )QP )NP )PP )VP )S . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP six officers )NP (VP are (VP buying (NP (NP a total )NP (PP of (NP (NP (QP $ 1.5 million )QP )NP (PP of (NP its stock )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC Cos. )NP , (NP (NP the target )NP (PP of (NP (NP an investigation )NP (PP by (NP the U.S. inspector general )NP )PP )NP )PP )NP , )NP (VP dropped (NP 2 )NP (PP to (NP (QP 10 3\/4 )QP )NP )PP )VP . )S  STOP
(S (NP The probe )NP (VP involves (NP (NP testing procedures )NP (VP used (PP on (NP certain government contracts )NP )PP (PP by (NP (NP the company 's )NP *UNKC unit )NP )PP )VP )NP )VP . )S  STOP
(S (NP (NP *UNKC Industries Inc. )NP , (NP New Orleans )NP , )NP (VP received (NP (NP a (ADJP (QP $ 23 million )QP )ADJP contract )NP )NP (PP from (NP the Navy )NP )PP (SBAR (S (VP to (VP *UNK (PP by (NP 50 % )NP )PP (NP (NP the capacity )NP (PP of (NP an *UNK *UNK )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The award )NP (VP results (PP from (NP (NP (NP the Navy 's )NP *UNKING )NP (PP of (NP (NP an option )NP (PP in (NP (NP an earlier contract )NP (SBAR (S (NP it )NP (VP awarded (NP *UNKC )NP )VP )S )SBAR )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Richard J. *UNKC )NP (VP was (VP elected (PP to (NP (NP the board )NP (PP of (NP this personnel consulting concern )NP )PP )NP )PP , (S (VP increasing (NP its size )NP (PP to (NP nine members )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (NP (NP (NP president )NP and (NP chief operating officer )NP )NP (PP of (NP Penn Mutual Life Insurance Co )NP )PP )NP )VP . )S  STOP
(S (NP The Senate )NP (VP rejected (NP (NP a constitutional amendment )NP (SBAR (WHNP that )WHNP (S (NP President Bush )NP (VP sought (S (VP to (VP protect (NP the U.S. flag )NP (PP from (NP *UNK )NP )PP )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The *UNKN roll call )NP (VP fell (S (ADJP well short (PP of (NP (NP the two-thirds majority )NP (VP needed (S (VP to (VP approve (NP (NP changes )NP (PP to (NP the Constitution )NP )PP )NP )VP )VP )S )VP )NP )PP )ADJP )S )VP . )S  STOP
(S (NP (NP The vote )NP , (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP 11 GOP lawmakers )NP (VP voted (PP against (NP (NP Mr. Bush 's )NP position )NP )PP )VP )S )SBAR )NP , (VP was (NP a victory )NP (PP for (NP (NP Democratic leaders )NP , (SBAR (WHNP who )WHNP (S (VP opposed (NP the amendment )NP (PP as (NP (NP an *UNK )NP (PP on (NP (NP the Bill )NP (PP of (NP Rights )NP )PP )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP can (VP support (NP the American flag )NP (PP without (S (VP changing (NP the American Constitution )NP )VP )S )PP )VP )VP )S , '' (VP said )VP (NP (NP Senate Majority Leader George Mitchell )NP (PP of (NP Maine )NP )PP )NP . )SINV  STOP
(S (SBAR In order (S (VP to (VP *UNK (NP (NP pressure )NP (PP for (NP an amendment )NP )PP )NP )VP )VP )S )SBAR , (NP (NP Mr. Mitchell )NP and (NP (NP House Speaker Thomas Foley )NP (PRN -LRB- (NP D. )NP , (NP *UNKC . )NP -RRB- )PRN )NP )NP (VP had (VP arranged (SBAR for (S (NP lawmakers )NP (VP to (VP pass (NP (NP a statute )NP (VP barring (NP flag *UNK )NP )VP )NP (PP before (S (VP voting (PP on (NP the constitutional change )NP )PP )VP )S )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Mr. Bush )NP (VP said (SBAR (S (NP he )NP (VP would (VP allow (S (NP the bill )NP (VP to (VP become (NP law )NP (PP without (NP his *UNK )NP )PP )VP )VP )S , (SBAR because (S (NP he )NP (VP said (SBAR (S (NP only a constitutional amendment )NP (VP can (VP protect (NP the flag )NP (ADVP *UNKLY )ADVP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP June )NP )PP , (NP the Supreme Court )NP (VP threw (PRT out )PRT (NP (NP the conviction )NP (PP of (NP (NP a Texas man )NP (SBAR (WHNP who )WHNP (S (VP set (S (NP a flag )NP (ADVP *UNK )ADVP )S (PP during (NP a 1984 demonstration )NP )PP )VP )S )SBAR )NP )PP )NP , (S (VP saying (SBAR (S (NP he )NP (VP was `` (VP *UNKING (PP in (NP (NP political *UNK )NP '' (SBAR (WHNP that )WHNP (S (VP is (VP protected (PP by (NP the First Amendment )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (SBAR If (S (NP you )NP (VP think (SBAR (S (NP you )NP (VP have (NP *UNKED problems )NP (PP on (NP the job )NP )PP )VP )S )SBAR )VP )S )SBAR , (NP there )NP (VP 's (NP (NP good news )NP and (NP bad news )NP )NP )VP . )S  STOP
(S (S (NP You )NP (VP 're (ADVP probably )ADVP (ADJP right )ADJP )VP )S , and (S (NP you )NP (VP are n't (ADJP alone )ADJP )VP )S . )S  STOP
(S (NP (NP A new *UNKC *UNKC study )NP (VP *UNKED (PP by (NP (NP the New York Business Group )NP (PP on (NP Health )NP )PP )NP )PP )VP )NP , (VP found (SBAR that (S (NP (NP a full 25 % )NP (PP of (NP the work force )NP )PP (PP at (NP companies )NP )PP )NP (VP may (VP suffer (PP from (NP (NP anxiety *UNK )NP or (NP a *UNKED *UNK )NP )NP )PP , (PP with (S (NP (QP about 13 )QP % )NP (VP suffering (PP from (NP *UNK )NP )PP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The study )NP (VP surveyed (NP (NP a national group )NP (PP of (NP (NP medical directors )NP , (NP personnel managers )NP and (NP employee assistance program directors )NP )NP )PP )NP (PP about (NP (NP their perceptions )NP (PP of (NP (NP these problems )NP (PP in (NP their companies )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP It )NP (VP is (NP (NP one )NP (PP of (NP (NP a series )NP (PP of (NP (NP studies )NP (PP on (NP health )NP )PP (VP commissioned (PP by (NP (NP the New York Business Group )NP , (NP (NP a *UNK- organization )NP (PP with (NP (QP about 300 )QP members )NP )PP )NP )NP )PP )VP )NP )PP )NP )PP )NP )VP . )S  STOP
(SINV (S (NP The stress study )NP (VP was (VP undertaken (SBAR because (S (NP (NP problems )NP (ADJP related (PP to (NP stress )NP )PP )ADJP )NP `` (VP are (ADJP (ADJP (ADVP much more )ADVP *UNK )ADJP (SBAR than (S (NP they )NP (VP seem )VP )S )SBAR )ADJP )VP )S )SBAR )VP )VP )S , '' (VP said )VP (NP (NP *UNKC J. *UNKC )NP , (NP (NP executive director )NP (PP of (NP the business group )NP )PP )NP )NP . )SINV  STOP
(S (PP In (S (VP *UNKING (NP the study )NP )VP )S )PP (NP late last week )NP , (NP Dr. *UNKC )NP (VP estimated (SBAR (S (NP (NP the cost )NP (PP of (NP (NP these types )NP (PP of (NP *UNK )NP )PP )NP )PP (PP to (NP business )NP )PP )NP (VP is (ADJP substantial )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC *UNK )NP (ADJP related (PP to (NP anxiety , depression and stress )NP )PP )ADJP )NP (VP costs (NP (NP (QP about $ 8,000 )QP )NP (NP a case )NP )NP (PP in (NP (NP terms )NP (PP of (NP (NP worker 's )NP compensation )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP (NP terms )NP (PP of (NP (NP days )NP (VP lost )VP (PP on (NP the job )NP )PP )NP )PP )NP )PP , (NP the study )NP (VP estimated (SBAR that (S (NP each affected employee )NP (VP loses (NP (NP (QP about 16 )QP work days )NP (NP a year )NP )NP (PP because of (NP stress , anxiety or depression )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP added (SBAR that (S (NP (NP the cost )NP (PP for (NP *UNKED compensation claims )NP )PP )NP (VP is (NP (NP (QP about twice )QP the average )NP (PP for (NP all injury claims )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP We )NP (VP hope (S (VP to (VP *UNK (S (NP employers )NP '' (VP to (VP recognize (NP the problems )NP )VP )VP )S (SBAR so (S (NP they )NP (VP can (VP do (NP something )NP (PP about (NP them )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP )S , (NP Dr. *UNKC )NP (VP said )VP . )S  STOP
(S (NP (NP Early intervention )NP (PP into (NP (NP these types )NP (PP of (NP problems )NP )PP )NP )PP )NP (VP can (ADVP apparently )ADVP (VP save (NP businesses )NP (NP (NP long-term expense )NP (VP associated (PP with (NP (NP *UNK )NP , (SBAR (WHNP which )WHNP (S (ADVP sometimes )ADVP (VP results (SBAR (WHADVP when )WHADVP (S (NP these problems )NP (VP go (ADJP *UNKED )ADJP (PP for (NP too long )NP )PP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )NP )VP )VP . )S  STOP
(S (NP Even the courts )NP (VP are (VP beginning (S (VP to (VP recognize (NP (NP the link )NP (PP between (NP (NP jobs )NP and (NP *UNKED *UNK )NP )NP )PP )NP (PP in (NP compensation cases )NP )PP )VP )VP )S , (PP according (PP to (NP (NP a survey )NP (PP by (NP (NP the National Council )NP (PP on (NP *UNKC Insurance )NP )PP )NP )PP )NP )PP )PP )VP )VP . )S  STOP
(S But (SBAR although (S (NP (NP 56 % )NP (PP of (NP (NP the respondents )NP (PP in (NP the study )NP )PP )NP )PP )NP (VP indicated (SBAR that (S (NP *UNK- problems )NP (VP were (ADJP fairly pervasive )ADJP (PP in (NP the *UNK )NP )PP )VP )S )SBAR )VP )S )SBAR , (NP there )NP (VP is (ADVP still )ADVP (NP (NP a social *UNK )NP (VP associated (PP with (NP (NP people )NP (VP seeking (NP help )NP )VP )NP )PP )VP )NP )VP . )S  STOP
(S (S (NP (NP The *UNK )NP , (SBAR (WHNP which )WHNP (S (ADVP (NP 20 years )NP ago )ADVP (VP struck (NP (ADJP *UNK- and older )ADJP people )NP )VP )S )SBAR )NP , `` (ADVP now )ADVP (VP strike (NP (NP people )NP (PP at (NP (NP the *UNK )NP (PP of (NP productivity )NP )PP )NP )PP )NP )VP )S , '' (VP says )VP (NP (NP Robert *UNKC *UNKC )NP , (PP of (NP (NP the National Institute )NP (PP of (NP *UNKC Health )NP )PP )NP )PP , (SBAR (WHNP who )WHNP (S (VP spoke (PP at (NP (NP the *UNK )NP (PP of (NP (NP the study 's )NP findings )NP )PP )NP )PP )VP )S )SBAR )NP . )S  STOP
(S (NP The poll )NP (VP showed (SBAR that (S (NP company size )NP (VP had (NP (NP a bearing )NP (PP on (NP (NP (NP a manager 's )NP view )NP (PP of (NP the problem )NP )PP )NP )PP )NP )VP )S )SBAR , (PP with (S (S (NP (NP 65 % )NP (PP of (NP (NP those )NP (PP in (NP (NP companies )NP (PP of (NP (QP more than 15,000 )QP employees )NP )PP )NP )PP )NP )PP )NP (VP saying (SBAR (S (NP *UNKED problems )NP (VP were `` (ADJP fairly pervasive )ADJP '' )VP )S )SBAR )VP )S and (S (NP (NP 55 % )NP (PP of (NP (NP those )NP (PP in (NP (NP companies )NP (PP with (NP (QP fewer than 4,000 )QP employees )NP )PP )NP )PP )NP )PP )NP (VP agreeing )VP )S )S )PP )VP . )S  STOP
(S (NP The poll )NP (ADVP also )ADVP (VP noted (NP (NP fear )NP (PP of (NP a takeover )NP )PP )NP (PP as (NP (NP a *UNKING event )NP (PP in (NP larger companies )NP )PP )NP )PP )VP . )S  STOP
(S (NP (QP More than eight in 10 )QP respondents )NP (VP reported (NP (NP such a *UNKING situation )NP (PP in (NP their company )NP )PP )NP )VP . )S  STOP
(S (NP *UNKED companies )NP (VP were (VP (ADVP most )ADVP affected (PP by (NP (NP talk )NP (PP of (NP (NP layoffs )NP or (NP plant *UNK )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The study )NP , (SBAR (WHNP which )WHNP (S (VP received (NP funding )NP (PP from (NP (NP *UNKC Co. )NP , (SBAR (WHNP which )WHNP (S (VP makes (NP (NP several drugs )NP (SBAR (S (VP to (VP treat (NP *UNKED *UNK )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )NP )PP )VP )S )SBAR , )NP (ADVP also )ADVP (VP found (SBAR (S (NP (NP 47 % )NP (PP of (NP the managers )NP )PP )NP (VP said (SBAR (S (NP stress , anxiety and depression )NP (VP contribute (PP to (NP *UNKED production )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC and substance abuse )NP (PP as (NP (NP a result )NP (PP of (NP stress-related problems )NP )PP )NP )PP )NP (VP was (VP cited (PP by (NP (NP 30 % )NP (PP of (NP (NP those )NP (VP polled )VP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (SBAR Although (S (NP Dr. *UNKC )NP (VP points (PRT out )PRT (SBAR that (S (NP stress and anxiety )NP (VP have (NP their positive uses )NP )VP )S )SBAR )VP )S )SBAR , `` (NP (NP stress )NP (VP perceived (S (VP to (VP be (ADJP threatening )ADJP )VP )VP )S )VP )NP (VP implies (NP (NP a component )NP (PP of (NP fear and anxiety )NP )PP (SBAR (WHNP that )WHNP (S (VP may (VP contribute (PP to (NP *UNK )NP )PP )VP )VP )S )SBAR )NP )VP . '' )S  STOP
(S (NP He )NP (ADVP also )ADVP (VP noted (SBAR that (S (NP (NP various work *UNK )NP , (PP such as (NP night work )NP )PP , )NP (VP have (NP their own `` *UNK )NP )VP )S )SBAR )VP . '' )S  STOP
(SINV `` (S (S (NP We )NP all (VP like (NP stress )NP )VP )S , but (S (NP there )NP (VP 's (NP a limit )NP )VP )S )S , '' (VP says )VP (NP (NP Paul *UNKC )NP , (PP of (NP (NP *UNKC , *UNKC & *UNKC )NP , (NP a corporate psychology and management consulting firm )NP )NP )PP )NP . )SINV  STOP
(S (NP The problem )NP (PRN , (SINV (VP says )VP (NP (NP Mr. *UNKC )NP , (NP a *UNK )NP , )NP )SINV )PRN (VP is (SBAR that `` (S (NP (NP it )NP )NP (VP 's (ADJP very hard )ADJP (S (VP to (VP get (NP (NP any hard measures )NP (PP on (SBAR (WHADVP how )WHADVP (S (NP stress )NP (VP *UNK (NP job performance )NP )VP )S )SBAR )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP *UNKC Air *UNKC )NP )PP , (VP *UNKC (NP Christmas )NP (S (ADVP *UNKC )ADVP )S )VP )S  STOP
(S (NP (NP *UNK )NP )NP (VP *UNK *UNKC (ADJP *UNKC )ADJP (SBAR that (S (NP (NP a (ADJP *UNK- old )ADJP *UNK )NP (PP on (NP (NP a mission )NP (PP of (NP *UNK )NP )PP (PP to (NP a disaster area )NP )PP (PP on (NP Christmas Day )NP )PP )NP )PP )NP (VP can (VP fly (S (ADJP free )ADJP )S )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP his circumstances )NP (VP are (PP among (NP (NP the few )NP (SBAR (WHNP that )WHNP (S (VP can (VP qualify (PP for (NP (NP the handful )NP (PP of (NP (NP (ADJP really cheap )ADJP airline tickets )NP (VP remaining (PP in (NP America )NP )PP )VP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP In (NP recent years )NP )PP , (NP carriers )NP (VP have (VP become (ADJP (ADVP much more )ADVP *UNK (PP about (SBAR (WHNP who )WHNP (S (VP can (VP fly (PP on (NP the cheap )NP )PP )VP )VP )S )SBAR )PP )ADJP )VP )VP . )S  STOP
(S But (NP there )NP (ADVP still )ADVP (VP are (NP (NP a few ways )NP (SBAR (S (NP (NP today 's )NP *UNK )NP (VP can (VP qualify (PP under (NP (NP the airline 's )NP many restrictions )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP One )NP (PP of (NP the best deals )NP )PP )NP , (ADVP though )ADVP , (VP may (VP mean (S (VP *UNKING (NP (NP Christmas dinner )NP (PP with (NP the *UNK )NP )PP )NP )VP )S )VP )VP . )S  STOP
(S (NP This week )NP , (NP many carriers )NP (VP are (VP announcing (NP (NP *UNK- fares )NP (VP designed (S (VP to (VP get (S (NP people )NP (VP to (VP fly (PP on (NP (NP some )NP (PP of (NP (NP the (ADJP (ADJP most *UNKED )ADJP -- and (ADJP *UNK )ADJP -- )ADJP days )NP (PP of (NP the year )NP )PP , (PP including (NP Christmas )NP )PP )NP )PP )NP )PP )VP )VP )S )VP )VP )S )VP )NP )VP )VP . )S  STOP
(S (PP In (NP recent years )NP )PP , (NP the airlines )NP (VP had (VP waited (PP until (NP the last moment )NP )PP (S (VP to (VP court (NP Christmas season *UNK )NP (PP with (NP bargain fares )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP That approach )NP (VP *UNKED )VP )S : (S (NP Last Christmas Day )NP , (NP a USAir Group Inc. *UNKC *UNK )NP (VP flew (NP (QP about seven )QP passengers )NP (PP from (NP Chicago )NP )PP (PP to (NP Pittsburgh )NP )PP )VP )S . )S  STOP
(S So (NP this year )NP , (NP the airlines )NP (VP are (VP getting (NP (NP a jump )NP (PP on (NP holiday discounts )NP )PP )NP )VP )VP . )S  STOP
(S (NP They )NP (VP are (VP cutting (NP ticket prices )NP (PP by (NP (QP as much as 70 )QP % )NP )PP (PP from (NP normal levels )NP )PP (PP for (NP (NP travel )NP (PP to (NP most U.S. locations )NP )PP (PP on (NP (NP Dec. 24 , 25 , 29 , 30 and 31 )NP , and (NP Jan. 4 , 5 and 6 )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The promotions )NP -- (VP dubbed (S (NP (NP everything )NP (PP (PP from (S (NP *UNK- )NP (VP is (NP (NP the *UNKC )NP (SBAR (S (VP to (VP be (ADJP *UNKLY )ADJP )VP )VP )S )SBAR )NP )VP )S )PP (PP to (NP *UNKC fares )NP )PP )PP )NP )S )VP -- )NP (VP put (NP *UNK- fares )NP (PP at (NP (NP $ 98 )NP , (NP $ *UNKN )NP and (NP $ *UNKN )NP )NP )PP )VP . )S  STOP
(SINV `` (S (NP They )NP (VP 're (VP trying (S (VP to (VP keep (S (NP planes )NP (VP flying (PP on (NP (NP days )NP (SBAR (S (NP they )NP (VP 'd (ADVP normally )ADVP (VP park (NP them )NP )VP )VP )S )SBAR )NP )PP )VP )S )VP )VP )S )VP )VP )S , '' (VP says )VP (NP (NP Roger *UNKC )NP , (NP (NP president )NP (PP of (NP (NP Mr. Mitchell Travel Service )NP (PP in (NP (NP *UNKC )NP , (NP *UNKC )NP )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (VP *UNKC , (PP of (NP course )NP )PP , (NP (NP *UNK- prices )NP (PP on (NP (NP other dates )NP (PP near (NP the *UNK )NP )PP (SBAR (WHADVP when )WHADVP (S (NP the airlines )NP (VP know (SBAR (S (NP *UNK )NP (VP are (ADJP eager (S (VP to (VP travel )VP )VP )S )ADJP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (VP Consider (S (VP *UNKING (NP (NP Your *UNKC 's )NP *UNKC )NP )VP )S )VP )S  STOP
(S (SBAR *UNK (S (NP *UNKC Airlines )NP (VP has (NP its way )NP )VP )S )SBAR , (NP (NP couples )NP (PP like (NP (NP *UNKC Thomas )NP and (NP Phil *UNKC )NP )NP )PP )NP (VP may (VP find (S (NP (NP it )NP )NP (NP a *UNK )NP (S (VP to (VP qualify (PP for (NP some new discounts )NP )PP )VP )VP )S )S )VP )VP . )S  STOP
(S (NP (NP Continental )NP , (NP a Texas Air Corp. unit )NP , )NP (ADVP recently )ADVP (VP unveiled (NP (NP a marketing program )NP (VP offering (NP free companion tickets )NP (PP to (NP (NP (ADJP *UNK- and *UNK- )ADJP passengers )NP (PP on (NP international flights )NP )PP )NP )PP )VP )NP )VP . )S  STOP
(NP (NP The Continental catch )NP : (S (S (NP Only immediate family members )NP (VP are (VP allowed )VP )VP )S , and (S (NP they )NP (VP must (VP have (NP (NP (NP the same last name )NP (PP as (NP (NP the buyer )NP (PP of (NP the ticket )NP )PP )NP )PP )NP or (NP legal proof (SBAR (S (NP they )NP (VP 're (ADJP related )ADJP )VP )S )SBAR )NP )NP )VP )VP )S )S . )NP  STOP
(S (NP That )NP (VP *UNK (NP (NP many women )NP (SBAR (WHNP who )WHNP (S (VP have n't (VP taken (NP (NP their *UNK ' )NP last name )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(SINV `` (FRAG (SBAR (WHNP What )WHNP (FRAG (NP (NP a *UNK )NP (PP of (NP *UNK )NP )PP )NP )FRAG )SBAR )FRAG , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP president )NP (PP of (NP (NP the New York *UNK )NP (PP of (NP (NP the National Association )NP (PP of (NP *UNKC Business *UNKC )NP )PP )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP This )NP (VP sets (NP things )NP (ADVP way back )ADVP )VP . '' )S  STOP
(NP (NP (NP Continental 's )NP *UNK )NP : (S (NP It )NP (VP does n't (VP want (S (NP business *UNK )NP (VP *UNKING (NP the promotion )NP (PP by (S (VP (ADVP *UNKLY )ADVP claiming (S (VP to (VP be (ADJP related )ADJP )VP )VP )S )VP )S )PP )VP )S )VP )VP )S . )NP  STOP
(SINV `` (S (NP We )NP (VP accommodate (NP (NP their choice )NP (PP of (NP names )NP )PP )NP (PP by (S (VP allowing (S (NP them )NP (VP to (VP demonstrate '' (NP family *UNK )NP (PP with (NP legal documents )NP )PP )VP )VP )S )VP )S )PP )VP )S , (VP says )VP (NP (NP Jim *UNKC )NP , (NP a senior vice president )NP )NP . )SINV  STOP
(S But (NP *UNK rights advocates )NP (VP are (ADJP angry )ADJP , (ADVP too )ADVP )VP . )S  STOP
(S (NP (NP The *UNKC Legal Defense and Education Fund )NP (PP of (NP New York City )NP )PP )NP (VP has (VP received (NP complaints )NP (PP from (NP (NP *UNK couples )NP (SBAR (WHNP whom )WHNP (S (NP the airline )NP (VP does n't (VP recognize (PP as (NP family )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's (ADVP certainly )ADVP (NP discrimination )NP )VP )S , '' (VP says )VP (NP (NP attorney *UNKC *UNKC )NP , (SBAR (WHNP whose group )WHNP (S (VP forced (NP Trans World Airlines )NP (NP this year )NP (S (VP to (VP change (NP (NP a rule )NP (SBAR (WHNP that )WHNP (S (VP allowed (S (NP travelers )NP (VP to (VP transfer (NP frequent *UNK *UNK )NP (PP (ADVP only )ADVP to (NP family members )NP )PP )VP )VP )S )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )NP . )SINV  STOP
(S (VP Take (NP Your *UNKC )NP (PP In (NP a Hurricane Area )NP )PP )VP )S  STOP
(S (SBAR (WHADVP *UNKC )WHADVP (S (NP *UNKC Hugo )NP (VP *UNKED (PP through (NP (NP the Caribbean )NP and (NP the Atlantic coast states )NP )NP )PP )VP )S )SBAR , (NP it )NP (VP (VP *UNKED (NP (UCP electric and telephone )UCP lines )NP )VP , (VP shot (NP *UNK )NP (PP through (NP *UNK *UNK )NP )PP )VP , (VP *UNKED (NP windows )NP )VP and (VP *UNKED (NP (NP thousands )NP (PP of (NP lives )NP )PP )NP )VP )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP lowered (NP some air fares )NP )VP . )S  STOP
(S (PP Since (NP the hurricane )NP )PP , (NP (NP *UNKC Airlines Inc. )NP and (NP (NP American Airlines )NP , (NP (NP a unit )NP (PP of (NP AMR Corp. )NP )PP )NP , )NP )NP (VP trimmed (NP (NP their *UNK- fares )NP (PP to (NP the *UNKC *UNKC )NP )PP )NP (PP to (NP $ 109 )NP )PP (PP from (NP (NP prices )NP (SBAR (WHNP that )WHNP (S (VP were (PP at (NP times )NP )PP (NP double that )NP (PP before (NP the storm )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The fares )NP (VP are (VP *UNKED (S (NP (NP Hugo )NP , (NP *UNKC )NP and (NP *UNKC *UNKC *UNKC )NP )NP )S )VP )VP . )S  STOP
(S -LRB- (S (NP Airlines )NP (VP are n't (VP lowering (NP (NP fares )NP (PP to (NP Northern California )NP )PP )NP (PP following (NP (NP this week 's )NP earthquake )NP )PP )VP )VP )S , but (S (NP *UNK agents )NP (VP can (VP waive (NP (NP *UNK- restrictions )NP (PP on (NP discount fares )NP )PP )NP (PP for (NP emergency trips )NP )PP )VP )VP )S . -RRB- )S  STOP
(S (NP (NP Some hotels )NP (PP in (NP the *UNK- Caribbean )NP )PP )NP (VP promise (NP *UNK- guarantees )NP )VP . )S  STOP
(S (PP In (NP (NP *UNKC Beach )NP , (NP S.C. )NP , )NP )PP (NP the damaged *UNKC *UNKC )NP (VP offers (NP (NP daily rates )NP (UCP (ADJP (ADJP as low )ADJP (PP as (NP $ 35 )NP )PP )ADJP , or (PP (NP (QP as much as 22 )QP % )NP below (NP regular prices )NP )PP )UCP )NP )VP . )S  STOP
(SINV (VP Says )VP (NP (NP *UNKC Hoffman )NP , (NP (NP a clerk )NP (PP in (NP (NP the resort 's )NP front office )NP )PP )NP )NP : `` (S (S (NP We )NP (VP do n't (VP have (NP (NP the *UNK pool )NP , (NP the (NX (NX pool table )NX , (NX *UNKING *UNK table )NX , (NX *UNK bar )NX or (NX *UNKC )NX )NX )NP , )NP )VP )VP )S but (S (NP we )NP (ADVP still )ADVP (VP have (NP the (NX (NX *UNK pool )NX and (NX *UNKC )NX )NX )NP )VP )S )S . '' )SINV  STOP
(S (ADVP Just )ADVP (VP *UNKC (SBAR Until (S (NP You )NP (VP 're (ADJP (NP a *UNKC )NP *UNKC )ADJP )VP )S )SBAR )VP )S  STOP
(S (NP *UNKC *UNKC )NP (VP have (ADVP long )ADVP (VP received (NP cheap air fares )NP )VP )VP . )S  STOP
(FRAG (NP This year )NP , (SBAR (X the older )X (S (NP someone )NP (VP is )VP )S )SBAR (X the bigger )X (NP the discount )NP . )FRAG  STOP
(S (NP (NP A senior *UNK )NP (PP between (NP 62 and 70 )NP )PP )NP (VP *UNK (NP (NP 70 % )NP (PP off (NP regular *UNK fare )NP )PP )NP )VP . )S  STOP
(S (NP (NP Travelers )NP (PP up (PP to (NP age 99 )NP )PP )PP )NP (VP get (NP (NP a percentage discount )NP (VP matching (NP their age )NP )VP )NP )VP . )S  STOP
(S And (NP *UNK )NP (VP fly (ADVP free )ADVP (PP in (NP first class )NP )PP )VP . )S  STOP
(S (NP Next month )NP (PRN , (S (NP Northwest Airlines )NP (VP says )VP )S , )PRN (NP a *UNK- (NAC *UNKING , Mich. , )NAC woman )NP (VP is (VP taking (NP it )NP (PRT up )PRT (PP on (NP the offer )NP )PP (S (VP to (VP fly (PP with (NP her *UNK- son )NP )PP (PP to (NP (NP Tampa )NP , (NP *UNKC )NP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP Last year )NP (SBAR (WHADVP when )WHADVP (S (NP Northwest )NP (ADVP first )ADVP (VP offered (NP the promotion )NP )VP )S )SBAR , (NP only six *UNK )NP (VP flew (ADVP free )ADVP )VP . )S  STOP
(S (SBAR If (S (NP All *UNKC )NP (VP *UNKC )VP )S )SBAR ... . )S  STOP
(S (NP THE *UNKC carriers )NP (ADVP also )ADVP (VP provide (NP discounts )NP (PP to (NP (NP Red Cross workers )NP , (NP retired military personnel )NP and (NP medical students )NP )NP )PP )VP . )S  STOP
(S (NP There )NP (VP 's (ADVP even )ADVP (NP (NP a special fare )NP (PP for (NP *UNK )NP )PP (SBAR (WHNP that )WHNP (S (VP does n't (VP require (NP (NP the usual stay )NP (PP over (NP Saturday night )NP )PP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP That way )NP , (NP they )NP (VP can (VP be (NP home )NP (PP in (NP (NP time )NP (PP for (NP (NP work )NP (NP Sunday )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The British Petroleum Co. PLC )NP (VP said (SBAR (S (NP its *UNK Exploration unit )NP (VP has (VP produced (NP (NP the first oil )NP (PP from (NP (NP its Don *UNK )NP (PP in (NP the North Sea )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP an official release )NP )PP , (NP *UNK )NP (VP said (SBAR (SBAR (S (NP (NP initial production )NP (PP from (NP the field )NP )PP )NP (VP was (NP (NP *UNKN barrels )NP (NP a day )NP )NP )VP )S )SBAR , and (SBAR that (S (NP it )NP (VP expects (S (NP (NP peak output )NP (PP from (NP the field )NP )PP (PP of (NP (NP 15,000 barrels )NP (NP a day )NP )NP )PP )NP (VP to (VP be (VP reached (PP in (NP 1990 )NP )PP )VP )VP )VP )S )VP )S )SBAR )SBAR )VP . )S  STOP
(S (PP As (NP (NP the sponsor )NP (PP of (NP (NP the `` (NX *UNKC Americans (NAC *UNKC (PP to (NP *UNKC )NP )PP )NAC Act )NX )NP , '' (SBAR (WHNP which )WHNP (S (VP would (VP repeal (NP (NP the Social Security earnings limit )NP (PP for (NP (NP people )NP (VP *UNKED (UCP (NP 65 )NP and (ADJP older )ADJP )UCP )VP )NP )PP )NP )VP )VP )S )SBAR )NP )PP )NP )PP , (NP I )NP (VP *UNK (NP (NP your strong *UNK )NP (SBAR (S (VP to (VP repeal (NP this *UNKC *UNK )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (PP For (NP (NP every dollar )NP (VP earned )VP (PP over (NP $ *UNKN )NP )PP )NP )PP , (NP Social Security *UNK )NP (VP lose (NP (NP 50 cents )NP (PP of (NP their Social Security benefits )NP )PP )NP )VP )S ; (S (NP it )NP (VP 's (PP like (NP a (ADJP 50 % )ADJP marginal tax )NP )PP )VP )S . )S  STOP
(S But (NP (NP the *UNKED effects )NP (PP of (NP `` *UNK only '' taxes )NP )PP )NP (VP result (PP in (NP (ADJP truly catastrophic )ADJP marginal tax rates )NP )PP )VP . )S  STOP
(S (VP *UNKC (NP (NP a *UNK )NP (SBAR (WHNP who )WHNP (S (VP wants (S (VP to (VP maintain (NP (NP her standard )NP (PP of (NP living )NP )PP )NP (PP at (NP (NP the same level )NP (SBAR (S (NP she )NP (VP had (SBAR before (S (NP she )NP (VP had (S (VP to (VP pay (NP the catastrophic *UNK )NP )VP )VP )S )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (SBAR Although (S (NP this *UNK )NP (VP earns (NP (QP only twice )QP the minimum wage )NP , (PP (ADVP largely )ADVP due (PP to (NP the earnings limit )NP )PP )PP )VP )S )SBAR , (NP she )NP (VP would (VP have (S (VP to (VP earn (NP an additional $ *UNKN )NP (S (VP to (VP offset (NP (NP her catastrophic *UNK )NP (PP of (NP $ *UNKN )NP )PP )NP )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (S (VP *UNKING (NP the earnings limit )NP )VP )S (VP would (VP (VP (ADVP greatly )ADVP help (NP *UNK )NP )VP and (VP reduce (NP the deficit )NP )VP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP would (VP generate (NP (NP more )NP (PP in (NP new taxes )NP )PP (SBAR than (S (NP the government )NP (VP would (VP lose (PP in (NP increased Social Security benefit payments )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP We )NP (ADVP now )ADVP (VP need (NP (NP support )NP (PP from (NP (NP the Democrats )NP (PP on (NP the *UNKC Committee )NP )PP )NP )PP )NP (SBAR in order (S (VP to (VP include (NP *UNK- reform )NP (PP in (NP the *UNKC Bill )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Since (S (NP (NP (QP all four )QP Republicans )NP (PP on (NP the committee )NP )PP )NP (VP are (NP (NP *UNK- )NP (PP of (NP my bill )NP )PP )NP )VP )S )SBAR , (NP it )NP (VP is (NP the Democrats )NP (SBAR (WHNP who )WHNP (S (VP will (VP be (VP held (S (ADJP fully *UNK )ADJP )S (SBAR if (S (NP (NP an earnings test amendment )NP )NP (VP is not (VP allowed (PP from (NP the floor )NP )PP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The time )NP )NP (VP is (ADVP now )ADVP (SBAR (S (VP to (VP lift (NP the *UNK Social Security earnings limit )NP (PP from (NP (NP the backs )NP (PP of (NP (NP our nation 's )NP *UNK )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(NP (NP Rep. J. Dennis *UNKC )NP (PRN -LRB- (NP R. )NP , (NP *UNKC )NP . -RRB- )PRN )NP  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP (NP his *UNKC Avenue *UNK business )NP (ADVP here )ADVP )NP (VP was (VP flying (ADVP high )ADVP (ADVP (NP 20 years )NP ago )ADVP )VP )VP )S )SBAR , (NP Jack *UNKC )NP (VP had (NP (NP 25 workers )NP and (NP a large factory )NP )NP )VP . )S  STOP
(S (ADVP Now )ADVP (NP his *UNK- employees )NP (VP work (PP in (NP (NP an *UNK- shop )NP (SBAR (WHNP that )WHNP (S (NP he )NP (VP says (SBAR (S (VP is (ADJP (ADJP smaller )ADJP (PP than (NP his old storage room )NP )PP )ADJP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP He )NP (ADVP also )ADVP (VP says (SBAR (S (NP he )NP (VP is (VP losing (NP money )NP (ADVP now )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP blames (NP imports )NP )VP . )S  STOP
(S But (ADVP just down (NP (NP *UNKC Avenue )NP , (SBAR (WHADVP where )WHADVP (S (NP (NP (QP about 75 )QP % )NP (PP of (NP U.S. *UNK *UNK )NP )PP )NP (VP are (VP made )VP )VP )S )SBAR )NP )ADVP , (NP Larry Rosen )NP (VP has (VP (VP acquired (NP two retail outlets )NP )VP , (VP *UNKED (NP his *UNKING line )NP )VP and (VP expanded (PP into (NP leather )NP )PP )VP )VP )VP . )S  STOP
(S (NP He )NP (VP credits (NP imports )NP )VP . )S  STOP
(S (NP The difference )NP (VP lies (PP in (SBAR (WHADVP how )WHADVP (S (NP the two *UNK *UNK )NP (VP reacted (PP to (NP the (NX (NX foreign competition )NX and (NX (NX *UNK )NX (PP of (NP their industry )NP )PP (PP over (NP the past 10 years )NP )PP )NX )NX )NP )PP )VP )S )SBAR )PP )VP . )S  STOP
(S (NP One )NP (VP stuck (PP to (NP *UNK- business *UNK )NP )PP , (SBAR while (S (NP the other )NP (VP embraced (NP the change )NP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP The small , good *UNK *UNK )NP (VP is not (SBAR (WHNP what )WHNP (S (NP it )NP (VP used (S (VP to (VP be )VP )VP )S )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP Mr. *UNKC )NP , (ADJP (NP 75 years )NP old )ADJP )NP . )SINV  STOP
(S `` (S (NP We )NP (VP make (NP (NP the *UNK product )NP (PP in (NP the world )NP )PP )NP )VP )S , and (S (NP the Americans )NP (VP are (VP being (VP *UNKED (PRT around )PRT )VP )VP )VP )S . '' )S  STOP
(S (NP Mr. Rosen )NP , (ADVP though )ADVP , (VP believes (SBAR (S (NP imports )NP (VP have (VP *UNKED (NP (NP the industry )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP he )NP (VP has (VP worked (PP for (NP (NP most )NP (PP of (NP his 57 years )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP You )NP (VP 've (VP got (NP (NP some minds )NP (ADVP here )ADVP (SBAR (WHNP that )WHNP (S (VP wo n't (VP think (ADVP *UNKLY )ADVP )VP )VP )S )SBAR )NP )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP (NP *UNKC competition )NP (PP for (NP U.S. *UNK )NP )PP )NP (VP has (VP risen (ADVP sharply )ADVP (SBAR since (S (NP *UNK )NP (VP started (S (VP (ADVP aggressively )ADVP marketing (NP `` (NP *UNK- *UNK )NP '' and (NP similar *UNKED imported furs )NP )NP )VP )S (PP in (NP recent years )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP discovered (NP (NP (NP a consumer )NP (VP (ADVP largely )ADVP ignored (PP by (NP *UNKED *UNK )NP )PP )VP )NP : (NP (NP the younger woman )NP -- (PP (ADVP even )ADVP in (NP her late *UNK )NP )PP -- (SBAR (WHNP who )WHNP (S (ADVP never )ADVP (VP thought (SBAR (S (NP she )NP (VP could (VP buy (NP a *UNK )NP )VP )VP )S )SBAR )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (NP The new market )NP (VP helped (VP boost (NP U.S. fur sales )NP (PP to (NP (NP (NP (QP about $ 1.8 billion )QP )NP (NP a year )NP (ADVP now )ADVP )NP , (NP (NP triple the level )NP (PP in (NP the late 1970s )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP opened (NP (NP the door )NP (PP to (NP (NP furs )NP (VP made (PP in (NP (NP South Korea )NP , (NP China )NP , (NP Hong Kong )NP and (NP other countries )NP )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP a large (ADJP South Korean )ADJP maker )NP , )NP (VP says (SBAR (S (NP it )NP (VP (VP operates (NP 35 retail outlets )NP (PP in (NP the U.S. )NP )PP )VP and (VP plans (S (VP to (VP open (NP 15 more )NP (PP by (NP (NP the end )NP (PP of (NP next year )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP and (NP other *UNK- furriers )NP )NP (VP call (S (NP (NP many )NP (PP of (NP the the imports )NP )PP )NP (ADJP (ADJP *UNK )ADJP and (ADJP poorly made )ADJP )ADJP )S )VP . )S  STOP
(S (NP *UNKC U.S. furriers )NP (VP say (SBAR (S (NP these imports )NP (VP have n't (VP squeezed (NP them )NP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP (ADJP *UNKED and *UNKED )ADJP furriers )NP (PP like (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (ADVP once )ADVP (VP *UNKED (NP the *UNK- *UNKC Avenue fur district )NP )VP )S )SBAR , )NP )PP )NP (VP say (SBAR (S (NP imports )NP (VP have (VP cut (NP their sales )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A woman )NP (SBAR (WHNP who )WHNP (S (ADVP once )ADVP (VP would (VP have (VP saved (PP for (NP (QP two or three )QP seasons )NP )PP (S (VP to (VP buy (NP a *UNKC *UNK )NP )VP )VP )S )VP )VP )VP )S )SBAR )NP (VP can (ADVP now )ADVP (VP get (NP an imported *UNK )NP (ADVP right away )ADVP (PP for (NP (QP less than $ 2,000 )QP )NP )PP )VP )VP . )S  STOP
(S Yet (NP Mr. Rosen )NP (VP has (VP turned (NP the import phenomenon )NP (PP to (NP his advantage )NP )PP )VP )VP . )S  STOP
(S (ADVP Early (PP in (NP the decade )NP )PP )ADVP (NP he )NP (VP saw (SBAR that (S (NP (NP fur workers )NP (PP in (NP many foreign countries )NP )PP )NP (VP (VP were (ADJP willing (S (VP to (VP work (NP longer hours )NP (PP at (NP (NP lower wages )NP (PP than (NP their American counterparts )NP )PP )NP )PP )VP )VP )S )ADJP )VP and (VP were (ADJP more open (PP to (NP innovation )NP )PP )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP 1982 )NP )PP , (NP he )NP (VP started (NP a factory )NP (PP in (NP Greece )NP )PP )VP . )S  STOP
(S (ADVP (NP Two years )NP later )ADVP , (NP he )NP (VP opened (NP one )NP (PP in (NP West Germany )NP )PP )VP . )S  STOP
(S (S (NP He )NP (ADVP also )ADVP (VP noticed (SBAR that (S (NP foreign makers )NP (VP were (VP introducing (NP (NP many variations )NP (PP on (NP the traditional fur )NP )PP )NP )VP )VP )S )SBAR )VP )S , and (S (NP he )NP (VP decided (S (VP to (VP follow (NP suit )NP )VP )VP )S )VP )S . )S  STOP
(S (PP By (S (VP combining (NP (NP his *UNK )NP (PP in (NP (NP innovation )NP and (NP quality control )NP )NP )PP )NP (PP with (NP (NP the lower costs )NP (PP of (NP production abroad )NP )PP )NP )PP )VP )S )PP , (NP he )NP (VP says (SBAR (S (NP he )NP (VP has (VP been (ADJP able (S (VP to (VP produce (NP high-quality goods )NP (PP at (NP low cost )NP )PP )VP )VP )S )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (VP To (VP (VP maintain (NP (NP control )NP (PP over (NP production )NP )PP )NP )VP and (VP avoid (NP (NP *UNK )NP (PP on (NP foreign sources )NP )PP )NP )VP )VP )VP )S , (NP he )NP (VP says (SBAR (S (NP he )NP (ADVP still )ADVP (VP makes (NP (NP most )NP (PP of (NP his furs )NP )PP )NP (PP in (NP the U.S. )NP )PP )VP )S )SBAR )VP . )S  STOP
(S But (ADVP (NP six years )NP ago )ADVP (NP he )NP (ADVP also )ADVP (VP began (S (VP *UNKING (PP from (NP the Far East )NP )PP )VP )S )VP . )S  STOP
(S (S (VP *UNKED (PP by (NP imports )NP )PP )VP )S , (NP Mr. Rosen )NP (ADVP now )ADVP (VP makes (NP fur *UNK , hats and *UNK )NP )VP . )S  STOP
(S (NP This year )NP (NP he )NP (VP (VP produced (NP (NP a men 's )NP line )NP )VP and (VP offers (NP (NP *UNKED furs )NP (PP in (NP (NP red )NP , (NP *UNK red )NP , (NP *UNK )NP , (NP *UNK blue )NP and (NP forest green )NP )NP )PP )NP )VP )VP . )S  STOP
(S (NP He )NP (VP has (NP (NP leather *UNK )NP (PP from (NP Turkey )NP )PP (SBAR (WHNP that )WHNP (S (VP are (VP (VP *UNKED (PP with (NP *UNK skin )NP )PP )VP and (VP topped (PRT off )PRT (PP with (NP *UNK- *UNK )NP )PP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP From (NP Asia )NP )PP , (NP he )NP (VP has (NP (NP *UNK *UNK )NP (PP with (NP *UNK patterns )NP )PP (VP made (PP by (S (VP using (NP different *UNKED furs )NP )VP )S )PP )VP )NP )VP . )S  STOP
(S (ADVP Next )ADVP (NP he )NP (VP will (VP be (VP testing (NP (NP *UNKED *UNK )NP (PRN -LRB- (VP called (S (NP *UNK )NP )S )VP -RRB- )PRN (VP made (PP in (NP the Far East )NP )PP )VP )NP )VP )VP )VP . )S  STOP
(S (NP He )NP (VP plans (S (VP to (VP *UNK (NP the *UNK )NP (PP to (NP (NP the backs )NP (PP of (NP *UNK *UNK and *UNK )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (S (PP Besides (S (VP adding (PP to (NP sales )NP )PP )VP )S )PP , (NP *UNK )NP (ADVP also )ADVP (VP attract (NP (NP retailers )NP (SBAR (WHNP who )WHNP (S (VP may (VP buy (NP furs )NP (ADVP later )ADVP )VP )VP )S )SBAR )NP )VP )S , (NP he )NP (VP adds )VP . )S  STOP
(S (NP Other furriers )NP (VP have (ADVP also )ADVP (VP benefited (PP from (NP *UNK )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP the *UNK- owner )NP (PP of (NP *UNKC *UNKC *UNKC Inc. )NP )PP )NP , )NP (VP *UNK (NP (NP the reverse side )NP (PP of (NP a *UNKC *UNK )NP )PP )NP (S (VP to (VP produce (NP a *UNK *UNK- *UNK )NP )VP )VP )S )VP . )S  STOP
(S (NP He )NP (VP says (SBAR (S (NP it )NP (VP accounts (PP for (NP (NP 25 % )NP (PP of (NP total sales )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Rosen )NP (VP is (ADVP also )ADVP (VP pushing (NP retail sales )NP )VP )VP . )S  STOP
(S (NP This year )NP (NP he )NP (VP bought (NP (NP two stores )NP , (NP (NP (NP one )NP (PP in (NP Brooklyn )NP )PP )NP and (NP (NP one )NP (PP in (NP *UNKC )NP )PP )NP )NP )NP )VP . )S  STOP
(S (NP Other furriers )NP (VP have (ADVP also )ADVP (VP placed (NP more weight )NP (PP on (NP retailing )NP )PP )VP )VP . )S  STOP
(S (S (NP Golden *UNKC *UNKC Inc. )NP (VP began (S (VP retailing (ADVP aggressively )ADVP )VP )S (ADVP (NP eight years )NP ago )ADVP )VP )S , and (ADVP now )ADVP (S (NP retail sales )NP (VP account (PP for (NP (NP (QP about 20 )QP % )NP (PP of (NP gross income )NP )PP )NP )PP )VP )S . )S  STOP
(S (PP In (NP other moves )NP )PP , (NP Mr. Rosen )NP (VP says (SBAR (S (NP he )NP (VP bought (NP a truck )NP (ADVP (NP three years )NP ago )ADVP (S (VP to (VP reach (NP more retailers )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP Since (NP then )NP )PP (NP he )NP (VP (VP has (VP expanded (NP his fleet )NP )VP )VP and (VP can (ADVP now )ADVP (VP bring (NP his furs )NP (PP to (NP (NP the front door )NP (PP of (NP (NP retailers )NP (ADVP (ADJP as far away )ADJP (PP as (NP the Midwest )NP )PP )ADVP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP Small retailers )NP (SBAR (WHNP who )WHNP (S (VP ca n't (VP afford (S (VP to (VP travel (PP to (NP his New York *UNK )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP (VP have (VP become (NP fair game )NP )VP )VP . )S  STOP
(S (NP Such moves )NP (VP have (VP helped (S (NP Mr. Rosen )NP (VP weather (NP (NP the industry slump )NP (PP of (NP recent years )NP )PP )NP )VP )S )VP )VP . )S  STOP
(S (S (NP The industry )NP (VP enjoyed (NP (NP six *UNK years )NP (PP beginning (PP in (NP 1980 )NP )PP )PP )NP )VP )S , but (S (PP since (NP 1986 )NP )PP (NP sales )NP (VP have (VP *UNKED (PP at (NP their (ADJP (QP $ 1.8 billion )QP )ADJP peak )NP )PP )VP )VP )S . )S  STOP
(S (NP (NP Large furriers )NP (PP such as (NP (NP *UNKC Inc. )NP , (NP *UNKC *UNKC Inc. )NP and (NP Evans Inc. )NP )NP )PP )NP all (VP reported (NP losses )NP (PP in (NP their latest fiscal years )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP the 1987 stock market crash )NP )PP )NP (VP head (NP (NP the list )NP (PP of (NP reasons )NP )PP )NP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP competition )NP (VP has (VP *UNKED (NP the market )NP (PP with (NP both *UNK and *UNK )NP )PP , (S (VP driving (S (NP prices )NP (ADVP down )ADVP )S )VP )S )VP )VP . )S  STOP
(S (NP The *UNK- movement )NP (VP has n't (VP helped (NP sales )NP )VP )VP . )S  STOP
(S (S (NP (NP *UNKC *UNK )NP (PP over (NP the past two years )NP )PP )NP (VP have (VP trimmed (NP demand )NP , (ADVP too )ADVP , )VP )VP )S (NP furriers )NP (VP complain )VP . )S  STOP
(S And (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP did n't (VP move (NP some production )NP (ADVP overseas )ADVP )VP )VP )S )SBAR )NP (VP suffer (NP labor shortages )NP )VP . )S  STOP
(SINV `` (S (NP (NP The intensive labor )NP (VP needed (S (VP to (VP manufacture (NP furs )NP (PRN -LCB- (PP in (NP the U.S. . )NP )PP -RCB- )PRN )VP )VP )S )VP )NP (VP is not (ADJP (ADJP as available )ADJP (SBAR as (S (NP it )NP (VP was )VP )S )SBAR )ADJP )VP )S , '' (VP says )VP (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP is (VP starting (NP overseas production )NP )VP )VP )S )SBAR )NP . )SINV  STOP
(S But (NP (NP even those )NP (SBAR (WHNP who )WHNP (S (VP have (VP found (NP (NP a way )NP (SBAR (S (VP to (VP cope (PP with (NP (NP the imports )NP and (NP the slump )NP )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP , (VP fear (SBAR that (S (NP furs )NP (VP are (VP losing (NP (NP part )NP (PP of (NP their *UNK )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP People )NP (VP are (VP (VP promoting (NP furs )NP (PP in (NP various ways )NP )PP )VP and (VP taking (NP the *UNK )NP (ADVP out (PP of (NP the fur business )NP )PP )ADVP )VP )VP )VP )S , '' (VP says )VP (NP (NP Stephen *UNKC )NP , (NP (NP *UNK merchandise manager )NP (PP for (NP (NP (NP Marshall Field 's )NP department store )NP (PP in (NP Chicago )NP )PP )NP )PP )NP )NP . )SINV  STOP
(SINV `` (S (NP You )NP (VP ca n't (VP make (NP a commodity )NP (ADVP out (PP of (NP a luxury )NP )PP )ADVP )VP )VP )S , '' (VP insists )VP (NP (NP Mr. *UNKC )NP , (NP the New York *UNK )NP )NP . )SINV  STOP
(S (NP He )NP (VP contends (SBAR that (S (S (VP *UNKING (NP consumers )NP (PP with (NP *UNKED imports )NP )PP )VP )S (VP will (VP harm (NP the industry )NP (PP in (NP the long run )NP )PP (PP by (S (VP reducing (NP (NP the *UNK )NP (PP of (NP furs )NP )PP )NP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP Mr. Rosen )NP (VP *UNK : `` (S (SBAR (WHNP Whatever )WHNP (S (NP people )NP (VP want (S (VP to (VP buy )VP )VP )S )VP )S )SBAR , (NP I )NP (VP 'll (VP sell )VP )VP )S )VP . )S  STOP
(S (NP (NP The name )NP (PP of (NP the game )NP )PP )NP (VP is (S (VP to (VP move (NP goods )NP )VP )VP )S )VP . )S  STOP
(S (S (S (NP (NP Four workers )NP (PP at (NP (NP GTE Corp. 's )NP headquarters )NP )PP )NP (VP have (VP been (VP *UNKED (PP as (S (VP having (NP *UNK )NP )VP )S )PP )VP )VP )VP )S , and (S (NP city health officials )NP (VP are (VP investigating (SBAR whether (S (NP a *UNK worker )NP (VP may (VP have (VP exposed (NP (NP hundreds )NP (PP of (NP other GTE employees )NP )PP )NP (PP to (NP the *UNK *UNK )NP )PP )VP )VP )VP )S )SBAR )VP )VP )S )S , (NP company and city officials )NP (VP said )VP . )S  STOP
(S (NP The four cases )NP (VP were all (VP reported (PP to (NP (NP (NP GTE 's )NP medical director )NP and (NP (UCP state and local )UCP health authorities )NP )NP )PP )VP )VP . )S  STOP
(S (S (NP GTE )NP (VP shut (PRT down )PRT (NP its *UNK )NP (NP Tuesday afternoon )NP (SBAR after (S (NP testing )NP (VP determined (SBAR that (S (NP (NP (QP at least one )QP *UNK worker )NP (VP employed (PP by (NP (NP (NP GTE 's )NP private food *UNKING contractor )NP , (NP *UNKC Services Inc. )NP , )NP )PP )VP )NP (VP was (VP suffering (PP from (NP (NP a strain )NP (PP of (NP the virus )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP )S , (NP officials )NP (VP said )VP . )S  STOP
(S (NP (QP More than 700 )QP people )NP (VP work (PP in (NP the GTE building )NP )PP )VP . )S  STOP
(S (NP The *UNK )NP (VP remains (ADJP closed )ADJP )VP . )S  STOP
(S (NP (NP Dr. Andrew *UNKC )NP , (NP city health director )NP , )NP (VP said (SBAR (S (NP his staff )NP (VP *UNK (SBAR (S (NP (NP the *UNK )NP , (SBAR (WHNP which )WHNP (S (VP can (VP be (ADJP highly *UNK )ADJP )VP )VP )S )SBAR , )NP (VP was (VP spread (PP by (NP (NP the cafeteria worker )NP (PP with (NP the virus )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP The exact strain )NP (PP of (NP *UNK )NP )PP (SBAR (WHNP that )WHNP (S (NP the cafeteria worker )NP (VP contracted )VP )S )SBAR )NP (VP (VP has n't (VP been (VP determined )VP )VP )VP but (VP should (VP be (VP known (PP by (NP (NP the end )NP (PP of (NP the week )NP )PP )NP )PP )VP )VP )VP )VP )S , (NP Dr. *UNKC )NP (VP said )VP . )S  STOP
(S (S (NP (NP *UNKC A )NP , (VP considered (S (NP (NP the (ADJP least dangerous )ADJP strain )NP (PP of (NP the virus )NP )PP )NP )S )VP , )NP (VP has (VP been (VP confirmed (PP in (NP (QP at least one )QP GTE employee )NP )PP )VP )VP )VP )S , (NP company and city officials )NP (VP said )VP . )S  STOP
(SINV `` (S (PP From (NP (NP a public health point )NP (PP of (NP view )NP )PP )NP )PP (NP we )NP (VP 're (ADJP relieved )ADJP (SBAR because (S (NP *UNK A )NP (VP is (ADVP rarely )ADVP (ADJP *UNKING )ADJP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP Dr. Frank *UNKC )NP , (NP (NP GTE 's )NP medical director )NP )NP . )SINV  STOP
(S `` (NP It )NP (VP 's (NP a *UNKED *UNK )NP (ADVP though )ADVP , (SBAR because (S (NP it )NP (VP is (ADVP also )ADVP (NP (NP the (ADJP most *UNK )ADJP kind )NP (PP of (NP *UNK )NP )PP )NP )VP )S )SBAR )VP . '' )S  STOP
(SINV (S (NP GTE officials )NP (VP began (S (VP posting (NP (NP warning *UNK )NP (PP about (NP (NP the potential threat )NP (PP to (NP exposure )NP )PP )NP )PP )NP )VP )S (NP Wednesday morning )NP (PP at (NP (NP various places )NP (PP at (NP the company )NP )PP )NP )PP )VP )S , (VP said )VP (NP GTE spokesman Thomas *UNKC )NP . )SINV  STOP
(S (S (NP The company )NP (VP has (VP begun (S (VP offering (NP (NP *UNK )NP (PP of (NP (NP *UNK *UNK )NP , (SBAR (WHNP which )WHNP (S (VP will (VP *UNK (NP (NP the *UNK- symptoms )NP (PP of (NP *UNK A )NP )PP )NP , (PP in (NP (NP anyone )NP (SBAR (WHNP who )WHNP (S (VP has (VP contracted (NP the disease )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP )S )VP )VP )S , (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S `` (S (NP We )NP (VP 're (VP (ADVP strongly )ADVP recommending (SBAR that (S (NP (NP anyone )NP (SBAR (WHNP who )WHNP (S (VP has (VP *UNK (PP in (NP the cafeteria )NP )PP (NP this month )NP )VP )VP )S )SBAR )NP (VP have (NP the shot )NP )VP )S )SBAR )VP )VP )S (PRN , '' (S (NP Mr. *UNKC )NP (VP added )VP )S , )PRN `` and (S (NP that )NP (VP means (NP (NP virtually everyone )NP (SBAR (WHNP who )WHNP (S (VP works (ADVP here )ADVP )VP )S )SBAR )NP )VP )S . )S  STOP
(S (NP I )NP (VP was (VP *UNKED (S (VP to (VP read (NP (NP the *UNK )NP (PP of (NP facts )NP )PP (PP in (NP (NP your (NAC Oct. 13 )NAC editorial )NP `` (NP (NP Colombia 's )NP *UNKC *UNKC )NP )NP )PP )NP )VP )VP )S )VP )VP . '' )S  STOP
(S (NP It )NP (VP is (NP the *UNKING *UNK )NP (SBAR (WHNP who )WHNP (S (VP are (VP *UNKED (PP with (NP the drug *UNK )NP )PP )VP )VP )S )SBAR , (FRAG not (NP the left *UNKING )NP )FRAG )VP . )S  STOP
(S (NP This information )NP (VP was (VP *UNKED (PP from (NP (NP your own news stories )NP (PP on (NP the region )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC Colombian government *UNK )NP (PP of (NP the `` *UNK '' )NP )PP )NP (VP was (ADJP due (PP to (NP (NP (NP the drug *UNK ' )NP history )NP (PP of (S (VP *UNKING (PRT out )PRT (NP (NP *UNK )NP (PP in (NP the *UNK )NP )PP )NP )VP )S )PP )NP )PP )ADJP )VP . )S  STOP
(NP (NP Mary *UNKC )NP (NP (NP Palo Alto )NP , (NP Calif. )NP )NP )NP  STOP
(S (S (NP I )NP (VP suggest (SBAR that (S (NP (NP The Wall Street Journal )NP (PRN -LRB- (CONJP as well as )CONJP (NP (NP other U.S. news publications )NP (PP of (NP like mind )NP )PP )NP -RRB- )PRN )NP (VP should (VP put (NP its money )NP (SBAR (WHADVP where )WHADVP (S (NP its *UNK )NP (VP is )VP )S )SBAR )VP )VP )S )SBAR )VP )S : (S (VP (VP *UNKC (NP computer equipment )NP (S (VP to (VP replace (NP (NP that )NP (VP damaged (PP at (NP El *UNKC )NP )PP )VP )NP )VP )VP )S )VP , (VP buy (NP ad space )NP )VP , (VP publish (NP stories )NP (PP under (NP (NP the *UNK )NP (PP of (NP El *UNKC journalists )NP )PP )NP )PP )VP )VP )S . )S  STOP
(S (ADVP Perhaps )ADVP (NP an arrangement )NP (VP could (VP be (VP worked (PRT out )PRT (S (VP to (VP `` sponsor '' (NP El *UNKC journalists and staff )NP (PP by (S (VP paying (PP for (NP added security )NP )PP (PP in (NP (NP exchange )NP (PP for (NP exclusive stories )NP )PP )NP )PP )VP )S )PP )VP )VP )S )VP )VP )VP . )S  STOP
(S (VP *UNKC (NP (NP El Espectador 's )NP *UNK )NP (PP with (NP real support )NP )PP )VP . )S  STOP
(NP Douglas B. Evans )NP  STOP
(NP (NP *UNKC Co . )NP (PRN -LRB- (NP Atlanta )NP -RRB- )PRN -- )NP  STOP
(S (NP (NP *UNKC *UNKC )NP and (NP George *UNKC )NP )NP (VP were (VP elected (S (NP (NP vice presidents )NP (PP of (NP this soft-drink company )NP )PP )NP )S )VP )VP . )S  STOP
(S (S (NP (NP Mr. *UNKC )NP , (ADJP (NP 46 years )NP old )ADJP , )NP (VP is (NP (NP (NP the company 's )NP director )NP (PP of (NP quality assurance )NP )PP )NP )VP )S ; (S (ADVP most recently )ADVP , (NP he )NP (VP served (PP as (NP (NP vice president )NP , (NP operations )NP )NP )PP , (PP for (NP Coca-Cola Enterprises )NP )PP )VP )S . )S  STOP
(S (S (NP (NP Mr. *UNKC )NP , (NP 48 )NP , )NP (VP is (NP (NP manager )NP (PP for (NP corporate manufacturing operations )NP )PP )NP )VP )S ; (S (NP he )NP (VP was (NP (NP assistant vice president )NP (PP at (NP the company )NP )PP )NP )VP )S . )S  STOP
(S (PP In (NP (NP the wake )NP (PP of (NP (NP (NP a slide )NP (PP in (NP sterling )NP )PP )NP , (NP (NP a *UNK )NP (PP in (NP the stock market )NP )PP )NP , and (NP (NP a string )NP (PP of (NP *UNK economic indicators )NP )PP )NP )NP )PP )NP )PP , (NP (NAC British Chancellor (PP of (NP the Exchequer )NP )PP )NAC Nigel Lawson )NP (VP promised (NP (NP *UNK improvement )NP (PP in (NP the U.K. economy )NP )PP )NP )VP . )S  STOP
(S (PP In (NP (NP a speech )NP (VP prepared (PP for (NP (NP delivery )NP (PP to (NP (NP London 's )NP financial community )NP )PP )NP )PP )VP )NP )PP , (NP Mr. Lawson )NP (VP *UNKED (PRT up )PRT (NP current economic policy )NP (PP as (NP a battle (S (VP to (VP *UNKING (NP inflation )NP (ADVP out (PP of (NP the British economy )NP )PP )ADVP , (S (VP using (NP high interest rates )NP (PP as (NP `` (NP the essential instrument )NP '' (SBAR (S (VP to (VP carry (PRT out )PRT (NP the campaign )NP )VP )VP )S )SBAR )NP )PP )VP )S )VP )VP )S )NP )PP )VP . )S  STOP
(S (PP (NP Two weeks )NP after (S (VP boosting (NP base rates )NP (PP to (NP 15 % )NP )PP )VP )S )PP , (NP he )NP (VP pledged (SBAR that `` (S (NP rates )NP (VP will (VP have (S (VP to (VP remain (ADJP high )ADJP (PP for (NP (NP some time )NP (SBAR (S (VP to (VP come )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Mr. Lawson )NP (ADVP also )ADVP (VP made (S (NP (NP it )NP )NP (ADJP clear )ADJP (SBAR that (S (NP he )NP (VP would (VP be (VP watching (NP exchange rates )NP (ADVP carefully )ADVP )VP )VP )VP )S )SBAR )S )VP . )S  STOP
(S (S (NP A sinking pound )NP (VP (VP makes (S (NP imports )NP (ADJP more expensive )ADJP )S )VP and (VP increases (NP (NP (NP businesses ' )NP expectations )NP (PP of (NP future inflation )NP )PP )NP )VP )VP )S , (NP he )NP (VP argued )VP . )S  STOP
(S (PP In (NP (NP an apparent warning )NP (PP to (NP (NP currency traders )NP (SBAR (WHNP who )WHNP (S (VP have (ADVP lately )ADVP (VP been (VP selling (NP the British currency )NP )VP )VP )VP )S )SBAR )NP )PP )NP )PP , (NP he )NP (VP stated (SBAR that (S (NP the exchange rates )NP (VP will (VP have (NP (NP a `` major role )NP (PP in (NP (NP the assessment )NP (PP of (NP monetary conditions )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (PP In (S (VP *UNKING (NP (NP the current monetary policy )NP (PP of (S (VP using (NP high interest rates )NP (S (VP to (VP (VP fight (NP inflation )NP )VP and (VP shore (PRT up )PRT (NP the pound )NP )VP )VP )VP )S )VP )S )PP )NP )VP )S )PP , (NP Mr. Lawson )NP (VP dismissed (NP (NP other approaches )NP (PP to (S (VP managing (NP the economy )NP )VP )S )PP )NP )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP he )NP (VP (VP *UNK (NP the *UNKLY figures )NP )VP , but (VP does n't (VP give (NP them )NP (NP *UNK importance )NP )VP )VP , (SBAR as (S (NP some private and government economists )NP (VP have (VP suggested )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Lawson )NP (ADVP also )ADVP (VP dismissed (NP (NP the )NP possibility (PP of (S (VP imposing (NP direct credit controls )NP (PP on (NP (NP Britain 's )NP financial system )NP )PP )VP )S )PP )NP )VP . )S  STOP
(S (NP (NP (NP (NP Mr. Lawson 's )NP speech )NP )NP , (VP delivered (PP at (NP (NP (NP (NAC the *UNKC Mayor (PP of (NP London )NP )PP )NAC 's )NP annual dinner )NP (PP at (NP *UNKC House )NP )PP )NP )PP )VP , )NP (VP came (PP on (NP (NP the heels )NP (PP of (NP (NP a *UNKING period )NP (PP for (NP the U.K. economy )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (ADVP (NP Two weeks )NP ago )ADVP , (PP in (NP a campaign (S (VP to (VP (VP *UNK (NP inflation )NP (PP at (NP home )NP )PP )VP and (VP arrest (NP (NP a world-wide plunge )NP (PP in (NP the pound )NP )PP )NP )VP )VP )VP )S )NP )PP , (NP he )NP (VP raised (NP base rates )NP (NP (QP a full )QP percentage point )NP (PP to (NP 15 % )NP )PP )VP . )S  STOP
(S (PP Despite (NP the increase )NP )PP , (NP the British currency )NP (VP slid (PP below (NP (NP a perceived *UNK )NP (PP of (NP three marks )NP )PP )NP )PP (NP early last week )NP )VP . )S  STOP
(S (NP It )NP (VP was (VP quoted (PP at (NP *UNKN marks )NP )PP (PP in (NP late New York trading )NP )PP (NP Wednesday )NP )VP )VP . )S  STOP
(SINV (VP *UNKING (ADVP up (PP to (NP the speech )NP )PP )ADVP )VP (VP was )VP (NP (NP a *UNK )NP (PP of (NP (NP economic statistics )NP (VP suggesting (SBAR that (S (NP (NP the British war )NP (PP on (NP inflation )NP )PP )NP (VP will (VP be (ADJP (ADJP more *UNKING )ADJP (SBAR than (S (ADVP previously )ADVP (VP assumed )VP )S )SBAR )ADJP )VP )VP )S )SBAR )VP )NP )PP )NP . )SINV  STOP
(S (NP *UNKC )NP (PP in (NP September )NP )PP (VP dropped (PP to (NP (NP *UNKN )NP , (NP (NP the lowest level )NP (PP since (NP 1980 )NP )PP )NP )NP )PP )VP . )S  STOP
(S (SBAR While (S (NP lower *UNK )NP (VP is (ADVP generally )ADVP (NP good news )NP )VP )S )SBAR , (NP (NP the hefty drop )NP (NP last month )NP )NP (VP indicates (SBAR that (S (NP the economy )NP (VP is n't (VP slowing (PRT down )PRT (ADVP (ADVP as much )ADVP (SBAR as (S (VP hoped )VP )S )SBAR )ADVP -- (PP despite (NP (NP a doubling )NP (PP of (NP interest rates )NP )PP (PP over (NP the last 16 months )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP average earnings )NP (PP in (NP Britain )NP )PP )NP (VP were (ADVP up (NP 8.75 % )NP )ADVP (PP in (NP August )NP )PP (PP over (NP the previous year )NP )PP )VP . )S  STOP
(S (NP Another *UNK sign )NP (VP came (PP in (NP (NP a surge )NP (PP in (NP *UNK- lending )NP )PP (PP to (NP (NP (NP a record (QP # 10.2 billion )QP )NP (PRN -LRB- (NP (QP $ *UNKN billion )QP )NP -RRB- )PRN (NP last month )NP )NP , (NP (NP a (ADJP much higher )ADJP level )NP (SBAR than (S (NP economists )NP (VP had (VP predicted )VP )VP )S )SBAR )NP )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP (NP a separate speech )NP (VP prepared (PP for (NP (NP delivery )NP (PP at (NP the dinner )NP )PP )NP )PP )VP )NP )PP , (NP (NP *UNKC *UNKC )NP , (NP (NAC Bank (PP of (NP England )NP )PP )NAC governor )NP , )NP (VP conceded (SBAR that `` (S (NP demand pressures )NP (VP were (ADJP (ADJP (ADVP even more )ADVP *UNK )ADJP (SBAR than (S (VP had (VP been (VP *UNKED '' (SBAR (WHADVP when )WHADVP (S (NP the British economy )NP (VP was (VP heating (PRT up )PRT (NP last year )NP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP (VP added (SBAR that `` (S (NP there )NP (VP 's (NP (NP no *UNK- solution )NP '' (PP to (NP the economic woes )NP )PP )NP )VP )S )SBAR )VP , and (VP said (SBAR `` (S (NP tight monetary policy )NP (VP is (NP the right approach )NP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (S (VP *UNKING (NP (NP the recent slide )NP (PP in (NP stock prices )NP )PP )NP )VP )S , (NP the central bank governor )NP (VP stated (SBAR that `` (S (NP the markets )NP (ADVP now )ADVP (VP appear (S (VP to (VP have (VP *UNKED )VP )VP )VP )S '' (PP after (NP (NP the `` nasty jolt '' )NP (PP of (NP (NP the *UNK- plunge )NP (PP in (NP the Dow Jones Industrial Average )NP )PP (ADVP (NP a week )NP ago )ADVP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Although (S (NP the New York market plunge )NP (VP prompted (NP (NP a *UNK- drop )NP (PP in (NP the London Financial *UNKC Exchange 100 Share Index )NP )PP )NP )VP )S )SBAR , (NP Mr. *UNKC )NP (VP declared `` (SBAR that (S (NP the experience )NP (VP owed (NP nothing )NP (PP to (NP (NP the particular problems )NP (PP of (NP the British economy )NP )PP )NP )PP )VP )S )SBAR )VP . '' )S  STOP
(S (ADVP *UNKLY )ADVP , (NP he )NP (VP pointed (PRT out )PRT (SBAR that (S (PP compared (PP with (NP the U.S. market )NP )PP )PP , (NP the U.K. )NP (VP has (NP (ADJP far fewer )ADJP (ADJP highly leveraged )ADJP junk-bond *UNK )NP )VP )S )SBAR )VP . )S  STOP
(S (S (S (VP *UNKING (NP future monetary arrangements )NP )VP )S , (NP Mr. Lawson )NP (VP repeated (NP (NP the Thatcher government 's )NP commitment (S (VP to (VP join (NP (NP the exchange rate mechanism )NP (PP of (NP the European Monetary System )NP )PP )NP )VP )VP )S )NP )VP )S , but (S (NP he )NP (VP did n't (VP indicate (NP when )NP )VP )VP )S . )S  STOP
(X *UNKC . )X  STOP
(S (NP C. Olivetti & Co. )NP , (S (VP claiming (SBAR (S (NP it )NP (VP has (VP won (NP (NP the race )NP (PP in (NP Europe )NP )PP (S (VP to (VP introduce (NP (NP computers )NP (PP based (PP on (NP a powerful new microprocessor chip )NP )PP )PP )NP )VP )VP )S )NP )VP )VP )S )SBAR )VP )S , (VP unveiled (NP its *UNKC computer )NP (NP yesterday )NP )VP . )S  STOP
(S (NP The product )NP (VP is (NP (NP the first )NP (PP from (NP a European company )NP )PP (PP based (PP on (NP (NP (NP Intel Corp. 's )NP new *UNK- *UNK microprocessor )NP , (SBAR (WHNP which )WHNP (S (VP works (ADVP (ADVP (QP several times )QP faster )ADVP (PP than (NP (ADJP previously available )ADJP chips )NP )PP )ADVP )VP )S )SBAR )NP )PP )PP )NP )VP . )S  STOP
(S (S (NP Hewlett-Packard Co. )NP (VP became (NP (NP the first company )NP (ADVP world-wide )ADVP (SBAR (S (VP to (VP announce (NP (NP a product )NP (PP based (PP on (NP the chip )NP )PP )PP )NP )VP )VP )S )SBAR )NP (NP earlier this month )NP )VP )S , but (S (NP it )NP (VP wo n't (VP start (S (VP shipping (NP the computers )NP )VP )S (PP until (NP early next year )NP )PP )VP )VP )S . )S  STOP
(S (NP An Olivetti spokesman )NP (VP said (SBAR (SBAR (S (NP (NP the company 's )NP factories )NP (VP are (ADVP already )ADVP (VP beginning (S (VP to (VP produce (NP the machine )NP )VP )VP )S )VP )VP )S )SBAR , and (SBAR that (S (NP it )NP (VP should (VP be (ADJP available )ADJP (PP in (NP Europe )NP )PP (PP by (NP December )NP )PP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S `` (S (SBAR (WHNP What )WHNP (S (NP this )NP (VP means )VP )S )SBAR (VP is (SBAR that (S (NP Europeans )NP (VP will (VP have (NP these machines )NP (PP in (NP their offices )NP )PP (SBAR before (S (NP Americans )NP (VP do )VP )S )SBAR )VP )VP )S )SBAR )VP )S , '' (NP the spokesman )NP (VP said )VP . )S  STOP
(SINV (S (S (NP The new chip )NP `` (VP is (NP (NP a (ADJP very big )ADJP step )NP (PP in (NP computing )NP )PP )NP )VP )S , and (S (NP (NP it )NP )NP (VP is (ADJP important )ADJP (SBAR that (S (NP Olivetti )NP (VP be (NP (NP one )NP (PP of (NP (NP the first )NP (ADJP out (PP on (NP the market )NP )PP (PP with (NP this product )NP )PP )ADJP )NP )PP )NP )VP )S )SBAR )VP )S )S , '' (VP said )VP (NP (NP *UNKC *UNKC Davis )NP , (NP (NP an analyst )NP (PP at (NP (NP James Capel & Co. )NP (PP in (NP London )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP Executives )NP (PP at (NP (NP Olivetti )NP , (SBAR (WHNP whose earnings )WHNP (S (VP have (VP been (VP (ADVP steadily )ADVP *UNKING (PP over (NP (NP the past couple )NP (PP of (NP years )NP )PP )NP )PP )VP )VP )VP )S )SBAR )NP )PP , )NP (VP have (VP acknowledged (SBAR that (S (PP in (NP the past )NP )PP (NP they )NP (VP have (VP lagged (PP at (S (VP getting (NP new technology )NP (PP to (NP market )NP )PP )VP )S )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Ms. Davis )NP (VP said (SBAR (S (NP the new machines )NP (VP (VP could (VP steal (NP some sales )NP (ADVP away )ADVP (PP from (NP (NP Olivetti 's )NP own minicomputers )NP )PP )VP )VP , but (VP would (VP bring (NP (NP new sales )NP (PP among (NP (NP professionals )NP (PP such as (NP (NP engineers )NP , (NP *UNK )NP and (NP medical doctors )NP )NP )PP )NP )PP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Although (S (NP (NP Olivetti 's )NP profits )NP (VP tumbled (NP 40 % )NP (PP in (NP (NP the first half )NP (PP of (NP this year )NP )PP )NP )PP )VP )S )SBAR , (NP she )NP (VP believes (SBAR (S (NP (NP (NP (NP Olivetti 's )NP restructuring )NP (NP last fall )NP )NP and (NP (NP its introduction )NP (PP of (NP new products )NP )PP )NP )NP (VP will (VP begin (S (VP to (VP bear (NP fruit )NP (PP with (NP an earnings rebound )NP )PP )VP )VP )S (NP next year )NP , (SBAR (ADVP especially )ADVP if (S (NP it )NP (VP can (VP fulfill (NP its promise (S (VP to (VP deliver (NP the new machines )NP (PP by (NP December )NP )PP )VP )VP )S )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP We )NP (VP think (SBAR (S (NP the worst )NP (VP is (ADVP over )ADVP '' (PP in (NP the European *UNK- market )NP )PP )VP )S )SBAR )VP )S , (NP she )NP (VP said )VP . )S  STOP
(S (PP *UNKING (PP on (NP (NP the type )NP (PP of (NP software and *UNK )NP )PP (VP used )VP )NP )PP )PP , (NP the machines )NP (VP can (VP serve (PP either (PP as (NP (NP (NP the main computer )NP (PP in (NP (NP a network )NP (PP of (NP many terminals )NP )PP )NP )PP )NP (PRN -LRB- (NP (NP a role )NP (VP (ADVP usually )ADVP filled (PP by (NP a *UNK )NP )PP )VP )NP -RRB- )PRN )NP )PP , (PP as (NP a technical *UNK )NP )PP or (PP as (NP a (ADJP very fast )ADJP personal computer )NP )PP )PP )VP )VP . )S  STOP
(S `` (S (NP It )NP (VP 's (NP (NP the missing link )NP '' (PP in (NP (NP Olivetti 's )NP product line )NP )PP (PP between (NP (NP small personal computers )NP and (NP *UNKED minicomputers )NP )NP )PP )NP )VP )S , (NP the Olivetti spokesman )NP (VP said )VP . )S  STOP
(S (NP He )NP (VP added (SBAR that (S (NP Olivetti )NP (VP will (VP continue (S (VP making (NP its *UNKC *UNK line )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The machines )NP (VP will (VP cost (NP (QP around $ *UNKN )QP )NP (PP on (NP average )NP )PP (PP in (NP Europe )NP )PP )VP )VP . )S  STOP
(S (NP The Intel 486 chip )NP (VP can (VP process (NP (NP (NP (QP 15 million )QP instructions )NP (PP per (NP second )NP )PP )NP , or (NP *UNKC )NP )NP , (SBAR while (S (NP (NP Intel 's )NP previous *UNKN chip )NP (VP could (VP handle (NP (QP only 3 to 6 )QP *UNKC )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Olivetti )NP (ADVP also )ADVP (VP plans (S (VP to (VP sell (NP the *UNKC computer )NP (PP in (NP the U.S. )NP )PP (PP starting (NP next year )NP )PP (PP (PP through (NP Olivetti USA )NP )PP and (PP through (NP (NP its *UNKC *UNKC unit )NP , (SBAR (WHNP which )WHNP (S (VP specializes (PP in (S (VP *UNKING (NP *UNK- networks )NP )VP )S )PP )VP )S )SBAR )NP )PP )PP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC Inc. )NP (VP said (SBAR (S (NP it )NP (VP received (NP (NP approval )NP )NP (PP from (NP the French government )NP )PP (PP for (NP (NP its proposed (ADJP (QP $ *UNKN million )QP )ADJP acquisition )NP (PP of (NP *UNKC *UNKC )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The approval )NP (VP *UNK (NP (NP the remaining conditions )NP (PP of (NP (NP the purchase )NP , (SBAR (WHNP which )WHNP (S (VP is (VP expected (S (VP to (VP close (PP within (NP two weeks )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNK )NP , (NP (NP the second-largest maker )NP (PP of (NP food *UNK )NP )PP (PP in (NP France )NP )PP )NP , )NP (VP had (NP (NP 1988 sales )NP (PP of (NP (QP $ 150 million )QP )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP has (NP *UNKN workers )NP (PP at (NP (NP four *UNKING manufacturing plants )NP and (NP one plastic *UNK facility )NP )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP makes (NP (NP flexible packaging films )NP and (NP machinery )NP , and (NP (NP materials )NP (PP for (NP the food and pharmaceutical industries )NP )PP )NP )NP )VP . )S  STOP
(S (S (NP Social Security benefits )NP (VP will (VP rise (NP 4.7 % )NP (NP next year )NP (S (VP to (VP keep (NP pace )NP (PP with (NP inflation )NP )PP )VP )VP )S , (S (VP boosting (NP the average monthly benefit )NP (PP to (NP $ *UNKN )NP )PP (PP from (NP $ *UNKN )NP )PP )VP )S )VP )VP )S , (NP (NP the Department )NP (PP of (NP (NP Health )NP and (NP Human Services )NP )NP )PP )NP (VP announced )VP . )S  STOP
(S (NP The higher payments )NP (VP will (VP start (PP with (NP (NP Social Security checks )NP (VP received (PP on (NP Jan. 3 , 1990 )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC Security Income payments )NP (PP to (NP the *UNKED )NP )PP )NP (ADVP also )ADVP (VP will (VP rise (NP 4.7 % )NP , (PP starting (PP with (NP (NP checks )NP (VP received (PP on (NP Dec. 29 , 1988 )NP )PP )VP )NP )PP )PP , (S (VP increasing (NP the maximum *UNKC payment )NP (PP to (NP $ *UNKN )NP )PP (PP from (NP (NP $ *UNKN )NP (NP a month )NP )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP The inflation adjustment )NP (ADVP also )ADVP (VP means (SBAR that (S (NP (NP the maximum annual level )NP (PP of (NP (NP earnings )NP (ADJP subject (PP to (NP (NP the wage tax )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP revenue )NP (PP for (NP the Social Security trust fund )NP )PP )VP )S )SBAR )NP )PP )ADJP )NP )PP )NP (VP will (VP rise (PP to (NP $ *UNKN )NP )PP (PP in (NP 1990 )NP )PP (PP from (NP $ *UNKN )NP (NP this year )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR As (S (VP mandated (PP by (NP law )NP )PP )VP )S )SBAR , (NP the tax rate )NP (VP (VP will (VP rise (PP to (NP *UNKN % )NP )PP (PP in (NP 1990 )NP )PP (PP from (NP *UNKN % )NP )PP )VP )VP and (VP wo n't (VP rise (ADVP any further )ADVP (PP in (NP the future )NP )PP )VP )VP )VP . )S  STOP
(S (NP This )NP (VP means (SBAR that (S (NP (NP the maximum *UNKLY Social Security tax )NP (VP paid (PP by (NP workers and employers each )NP )PP )VP )NP (VP will (VP rise (NP $ *UNKN )NP (NP next year )NP (PP to (NP $ *UNKN )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (ADJP *UNKED (NP (QP 65 through 69 )QP )NP )ADJP )NP (VP will (VP be (ADJP able (S (VP to (VP earn (NP (NP $ *UNKN )NP )NP (PP without (S (VP losing (NP any Social Security benefits )NP )VP )S )PP (PP in (NP 1990 )NP )PP , (ADVP up (PP from (NP $ *UNKN )NP (NP this year )NP )PP )ADVP )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (NP (NP The exempt amount )NP (PP for (NP (NP beneficiaries )NP (PP under (NP 65 )NP )PP )NP )PP )NP (VP will (VP rise (PP to (NP $ *UNKN )NP )PP (PP from (NP $ *UNKN )NP )PP )VP )VP . )S  STOP
(S (NP The adjustments )NP (VP reflect (NP (NP the increase )NP (PP in (NP the consumer price index )NP )PP (PP for (NP (NP urban wage *UNK )NP and (NP *UNK workers )NP )NP )PP (PP from (NP (NP the third quarter )NP (PP of (NP last year )NP )PP )NP )PP (PP to (NP (NP the third quarter )NP (PP of (NP this year )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC companies )NP (VP should (VP get (ADJP *UNK )ADJP (PP in (NP the third quarter )NP )PP )VP )VP . )S  STOP
(S (S (NP *UNKLY houses )NP (VP are (VP expected (S (VP to (VP report (NP (NP earnings increases )NP (PP of (NP (NP (QP about 15 )QP % )NP (PP on (NP average )NP )PP )NP )PP (PP for (NP the third quarter )NP )PP )NP )VP )VP )S , (PP despite (NP (NP sales increases )NP (PP of (NP (QP less than 10 )QP % )NP )PP )NP )PP )VP )VP )S , (NP analysts )NP (VP say )VP . )S  STOP
(S (S (VP To (VP offset (NP sluggish sales growth )NP )VP )VP )S , (NP companies )NP (VP have (VP been (VP (VP cutting (NP staff )NP , (PP (ADVP mostly )ADVP through (NP *UNK )NP )PP )VP , and (VP slowing (NP (NP the growth )NP (PP in (NP research and development spending )NP )PP )NP )VP )VP )VP )VP . )S  STOP
(S (NP (NP Sales growth )NP (PP in (NP the quarter )NP )PP )NP (VP was (VP slowed (PP by (NP (NP mounting pressure )NP (PP from (NP (NP groups )NP (PP of (NP buyers )NP )PP , (PP such as (NP hospitals )NP )PP )NP )PP , (S (VP to (VP hold (PRT down )PRT (NP prices )NP )VP )VP )S )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP were (ADVP also )ADVP (VP hurt (PP by (NP (NP the stronger U.S. dollar )NP , (SBAR (WHNP which )WHNP (S (VP makes (S (NP (NP sales )NP (ADVP abroad )ADVP )NP (ADJP more difficult )ADJP )S )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (PP In (NP some cases )NP )PP , (NP competition )NP (VP has (VP squeezed (NP margins )NP )VP )VP . )S  STOP
(S (NP *UNKC , *UNKC & Co. )NP , (PP for (NP example )NP )PP , (VP faces (NP (NP stiff competition )NP (PP from (NP a Japanese supplier )NP )PP (PP in (NP the important *UNK market )NP )PP )NP )VP . )S  STOP
(SINV (S (NP The (NAC Franklin *UNKC , N.J. , )NAC company )NP (VP (VP is (VP expected (S (VP to (VP report (NP (NP sales growth )NP (PP of (NP (QP only 5 % to 6 % )QP )NP )PP )NP )VP )VP )S )VP )VP , but (VP should (ADVP still )ADVP (VP maintain (NP (NP earnings growth )NP (PP of (NP 10 % )NP )PP )NP )VP )VP )VP )S , (VP says )VP (NP (NP Jerry E. *UNKC )NP , (NP (NP an analyst )NP (PP with (NP Duff & Phelps Inc )NP )PP )NP )NP . )SINV  STOP
(S (S (PP Among (NP (NP the first )NP (PP of (NP the group )NP )PP (SBAR (S (VP to (VP post (NP results )NP )VP )VP )S )SBAR )NP )PP )S , (NP *UNKC Laboratories )NP (VP said (SBAR (S (NP third-quarter net income )NP (VP jumped (NP 14 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 88 cents )NP (NP a share )NP )NP )NP )PP , (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 76 cents )NP (NP a share )NP )NP , )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Sales )NP (PP for (NP (NP the company )NP , (VP based (PP in (NP (NP *UNKC Park )NP , (NP Ill. )NP , )NP )PP )VP )NP )PP )NP (VP rose (NP 8.3 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP *UNKC International Inc. )NP (NP yesterday )NP (VP reported (SBAR (S (NP net )NP (VP climbed (NP 20 % )NP (PP in (NP the third period )NP )PP (PP to (NP (NP (QP $ 102 million )QP )NP , or (NP (NP 34 cents )NP (NP a share )NP )NP )NP )PP , (PP from (NP (NP (QP $ 85 million )QP )NP , or (NP (NP 28 cents )NP (NP a share )NP )NP , )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Sales )NP (PP for (NP the (NAC *UNKC , Ill. , )NAC company )NP )PP )NP (VP rose (NP 5.8 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S But (NP (ADJP not every )ADJP company )NP (VP expects (S (VP to (VP report (NP increased earnings )NP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC *UNKC Inc. )NP (NP yesterday )NP (VP said (SBAR (S (NP third-quarter net )NP (VP plunged (NP 51 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 18 cents )NP (NP a share )NP )NP )NP )PP , (PP from (NP (NP (QP $ 20 million )QP )NP , or (NP (NP 35 cents )NP (NP a share )NP )NP , )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Sales )NP (VP fell (NP 1.2 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP The (NAC Murray Hill , N.J. , )NAC company )NP (VP said (SBAR (S (NP full-year earnings )NP (VP may (VP be (ADVP off (NP (NP 33 cents )NP (NP a share )NP )NP )ADVP (SBAR because (S (NP the company )NP (VP removed (NP a *UNK )NP (PP from (NP the market )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP 1988 )NP )PP , (NP the company )NP (VP earned (NP (NP $ *UNKN )NP (NP a share )NP )NP )VP . )S  STOP
(S (NP The Food and Drug Administration )NP (VP had (VP raised (NP (NP questions )NP (PP about (NP (NP the device 's )NP design )NP )PP )NP )VP )VP . )S  STOP
(S (NP Some analysts )NP (VP add (SBAR that (S (NP *UNK- pressures (S (VP to (VP reduce (NP health costs )NP )VP )VP )S )NP (VP will (VP continue (S (VP to (VP *UNK (NP (NP companies ' )NP bottom lines )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP (NP Takeover speculation )NP , (SBAR (WHNP which )WHNP (S (VP has (VP been (VP *UNKING (NP (NP stocks )NP (PP of (NP supply houses )NP )PP )NP )VP )VP )VP )S )SBAR , )NP (VP may (ADVP also )ADVP (VP ease )VP )VP )S , (VP says )VP (NP (NP Peter *UNKC )NP , (NP (NP an analyst )NP (PP with (NP Drexel Burnham Lambert Inc )NP )PP )NP )NP . )SINV  STOP
(S `` (S (SBAR As (S (NP that )NP (VP *UNK )VP )S )SBAR , (NP you )NP (VP 're (VP going (S (VP to (VP see (S (NP the stocks )NP (ADVP probably )ADVP (VP *UNK (ADVP as well )ADVP )VP )S )VP )VP )S )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP *UNKC companies )NP , (ADVP meanwhile )ADVP , (VP are (VP reporting (NP improved earnings )NP )VP )VP . )S  STOP
(S (S (VP *UNKED (PP by (NP (NP strong performances )NP (PP by (NP its *UNK hospitals )NP )PP )NP )PP )VP )S , (NP (NP National Medical Enterprises Inc. )NP , (NP Los Angeles )NP , )NP (VP reported (NP (NP net income )NP (PP of (NP (NP (NP (QP $ 50 million )QP )NP , or (NP (NP 65 cents )NP (NP a share )NP )NP )NP )NP )PP , (PP for (NP (NP the first quarter )NP (VP ended (NP Aug. 31 )NP )VP )NP )PP , (ADVP up (PP from (NP (NP (QP $ 41 million )QP )NP , or (NP (NP 56 cents )NP (NP a share )NP )NP , )NP (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )NP )VP . )S  STOP
(S (NP (NP Humana Inc. )NP , (NP (NP Louisville )NP , (NP Ky. )NP )NP , )NP (ADVP also )ADVP (VP reported (NP (NP favorable results )NP , (PP with (NP (NP net income )NP (PP of (NP (NP (NP (QP $ *UNKN million )QP )NP , or (NP 66 cents )NP )NP )NP )PP , (PP in (NP (NP the fourth quarter )NP (VP ended (NP Aug. 31 )NP )VP )NP )PP , (ADVP up (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP 59 cents )NP , )NP (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )NP )PP )NP )VP . )S  STOP
(S (NP Analysts )NP (VP say (SBAR (S (NP (NP the handful )NP (PP of (NP hospital companies )NP )PP (SBAR (WHNP that )WHNP (S (VP are (ADVP still )ADVP (VP (ADVP publicly )ADVP traded )VP )VP )S )SBAR )NP (VP are (VP *UNKING (PP from (NP several trends )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (ADJP Most important )ADJP )S , (NP hospital admission rates )NP (VP are (VP stabilizing (PP after (NP (NP several years )NP (PP of (NP decline )NP )PP )NP )PP )VP )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP companies )NP (VP (VP have (VP sold (PRT off )PRT (NP (NP many )NP (PP of (NP their smaller , *UNK- hospitals )NP )PP )NP )VP )VP and (VP have (VP completed (NP painful *UNK )NP )VP )VP )VP . )S  STOP
(S (NP (NP Humana 's )NP revenues )NP , (PP for (NP example )NP )PP , (VP are (VP being (VP boosted (PP by (NP (NP large increases )NP (PP in (NP (NP *UNK )NP (PP in (NP (NP the company 's )NP health maintenance organizations )NP )PP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(SINV (VP Says )VP (NP (NP *UNKC Richter )NP , (NP (NP an analyst )NP (PP with (NP Dean Witter Reynolds )NP )PP )NP )NP : `` (S (NP (NP The *UNK )NP (PP in (NP the (ADJP publicly traded )ADJP companies )NP )PP )NP (VP is (ADJP over )ADJP )VP )S . )SINV  STOP
(S (S (NP (NP *UNKC claims )NP (PP for (NP regular state unemployment benefits )NP )PP )NP (VP rose (PP to (NP a (ADJP seasonally adjusted )ADJP *UNKN )NP )PP (PP during (NP (NP the week )NP (VP ended (NP Oct. 7 )NP )VP )NP )PP (PP from (NP *UNKN )NP (NP the previous week )NP )PP )VP )S , (NP the Labor Department )NP (VP said )VP . )S  STOP
(S (NP (NP The number )NP (PP of (NP (NP people )NP (VP receiving (NP regular state benefits )NP (PP in (NP (NP the week )NP (VP ended (NP Sept. 30 )NP )VP )NP )PP )VP )NP )PP )NP (VP *UNKED (PP to (NP (NP a (ADJP seasonally adjusted )ADJP *UNKN )NP , or (NP (NP 2.2 % )NP (PP of (NP (NP those )NP (VP covered (PP by (NP unemployment insurance )NP )PP )VP )NP )PP )NP )NP )PP , (PP from (NP *UNKN )NP (NP (NP the previous week )NP , (SBAR (WHADVP when )WHADVP (S (NP the insured unemployment rate )NP (ADVP also )ADVP (VP was (NP 2.2 % )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP *UNKING (NP all (UCP state and federal )UCP benefit programs )NP )PP , (NP (NP the number )NP (PP of (NP (NP people )NP (VP receiving (NP unemployment benefits )NP (PP in (NP (NP the week )NP (VP ended (NP Sept. 30 )NP )VP )NP )PP )VP )NP )PP )NP (VP fell (PP to (NP *UNKN )NP )PP (PP from (NP *UNKN )NP (ADVP (NP a week )NP earlier )ADVP )PP )VP . )S  STOP
(S (NP These figures )NP (VP are n't (VP (ADVP seasonally )ADVP adjusted )VP )VP . )S  STOP
(S (NP A Labor Department spokesman )NP (VP said (SBAR (S (NP (NP the unusually high number )NP (PP of (NP (NP initial claims )NP (PP for (NP state unemployment benefits )NP )PP )NP )PP )NP (VP reflects (NP (NP the impact )NP (PP of (NP Hurricane Hugo )NP )PP (PP on (NP (NP southern states )NP , particularly (NP (NP North Carolina )NP and (NP South Carolina )NP )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The figure )NP (ADVP also )ADVP (VP may (VP reflect (NP (NP initial claims )NP (VP filed (PP by (NP (NP striking Nynex Corp. workers )NP (SBAR (WHNP who )WHNP (S (VP have (VP become (ADJP eligible (PP for (NP unemployment benefits )NP )PP )ADJP )VP )VP )S )SBAR )NP )PP )VP )NP )VP )VP )S , (NP the official )NP (VP said )VP . )S  STOP
(S (NP Digital Equipment Corp. )NP (VP reported (NP (NP a (ADJP 32 % )ADJP decline )NP (PP in (NP net income )NP )PP )NP (PP on (NP (NP a modest revenue gain )NP (PP in (NP its fiscal first quarter )NP )PP )NP )PP , (S (VP causing (S (NP some analysts )NP (VP to (VP predict (NP (NP weaker results )NP (ADVP ahead )ADVP (SBAR than (S (NP they )NP (VP had (VP expected )VP )VP )S )SBAR )NP )VP )VP )S )VP )S )VP . )S  STOP
(S (SBAR Although (S (NP the second-largest computer maker )NP (VP had (VP prepared (NP Wall Street )NP (PP for (NP a poor quarter )NP )PP )VP )VP )S )SBAR , (NP analysts )NP (VP said (SBAR (S (NP they )NP (VP were (VP troubled (PP by (NP (NP (NP signs )NP (PP of (NP flat U.S. orders )NP )PP )NP and (NP (NP a slowdown )NP (PP in (NP (NP the rate )NP (PP of (NP gain )NP )PP (PP in (NP foreign orders )NP )PP )NP )PP )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The (NAC Maynard , Mass. , )NAC company )NP (VP is (PP in (NP (NP a transition )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP it )NP (VP is (VP trying (S (VP to (VP (VP reduce (NP (NP its *UNK )NP (PP on (NP *UNK- machines )NP )PP )NP )VP and (VP establish (NP (NP a presence )NP (PP in (NP workstations and mainframes )NP )PP )NP )VP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP Net )NP (PP for (NP (NP the quarter )NP (VP ended (NP Sept. 30 )NP )VP )NP )PP )NP (VP fell (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ 1.20 )NP (NP a share )NP )NP )NP )PP , (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP (ADVP (NP a year )NP ago )ADVP )PP )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP 6.4 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP Digital )NP (VP said (SBAR (S (NP (NP (NP a shift )NP (PP in (NP its product mix )NP )PP (PP toward (NP *UNK- products )NP )PP )NP and (NP (NP strong growth )NP (PP in (NP workstation sales )NP )PP )NP )NP (VP *UNKED (NP lower gross margins )NP )VP )S )SBAR )VP . )S  STOP
(S (NP A spokesman )NP (ADVP also )ADVP (VP said (SBAR (S (NP (NP margins )NP (PP for (NP (NP the company 's )NP service business )NP )PP )NP (VP narrowed (ADVP somewhat )ADVP (PP because of (NP (NP heavy investments )NP (VP made (PP in (NP that sector )NP )PP )VP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The lack )NP (PP of (NP a strong product )NP )PP (PP at (NP (NP the high end )NP (PP of (NP (NP Digital 's )NP line )NP )PP )NP )PP )NP (VP was (NP (NP a significant drag )NP (PP on (NP sales )NP )PP )NP )VP . )S  STOP
(S (NP Digital )NP (VP hopes (S (VP to (VP address (NP that )NP (PP with (NP (NP the debut )NP (PP of (NP its first *UNK- computers )NP )PP (NP next Tuesday )NP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The new line )NP (VP is (VP aimed (ADVP directly )ADVP (PP at (NP International Business Machines Corp )NP )PP )VP )VP . )S  STOP
(SINV `` (S (S (SBAR Until (S (NP the new mainframe products )NP (VP kick (PRT in )PRT )VP )S )SBAR , (NP there )NP (VP wo n't (VP be (NP (NP a lot )NP (PP of (NP revenue contribution )NP )PP )NP (PP at (NP the high end )NP )PP )VP )VP )S , and (S (NP that )NP (VP 's (VP hurt (NP us )NP )VP )VP )S )S , '' (VP said )VP (NP (NP Mark *UNKC )NP , (NP (NP (NP Digital 's )NP director )NP (PP of (NP investor relations )NP )PP )NP )NP . )SINV  STOP
(S (NP He )NP (VP said (SBAR (S (NP unfavorable currency *UNK )NP (VP were (ADVP also )ADVP (NP a factor )NP (PP in (NP the quarter )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC shares )NP (VP rose (NP $ *UNKN )NP (PP to (NP $ *UNKN apiece )NP )PP (PP in (NP consolidated New York Stock Exchange trading )NP )PP (NP yesterday )NP )VP . )S  STOP
(S But (NP analysts )NP (VP said (SBAR that (S (PP against (NP (NP the *UNK )NP (PP of (NP (NP a (ADJP nearly *UNK- )ADJP rise )NP (PP in (NP the Dow Jones Industrial Average )NP )PP )NP )PP )NP )PP , (NP that )NP (VP should n't (ADVP necessarily )ADVP (VP be (VP taken (PP as (NP (NP a sign )NP (PP of (NP great strength )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Some )NP (VP (VP cut (NP (NP their earnings estimates )NP (PP for (NP (NP the stock )NP (NP this year )NP )NP )PP )NP )VP and (VP predicted (NP (NP more efforts (S (VP to (VP control (NP costs )NP )VP )VP )S )NP (ADVP ahead )ADVP )NP )VP )VP . )S  STOP
(SINV `` (S (NP I )NP (VP think (SBAR (S (NP the next few quarters )NP (VP will (VP be (ADJP difficult )ADJP )VP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP Steven *UNKC )NP (PP of (NP First Boston )NP )PP )NP . )SINV  STOP
(S `` (S (NP *UNKC )NP (VP will (VP remain (PP under (NP pressure )NP )PP )VP )VP )S , and (S (SBAR (WHADVP when )WHADVP (S (NP the new mainframe )NP (VP does (VP ship )VP )VP )S )SBAR , (NP I )NP (VP 'm not (ADJP sure (SBAR (S (NP it )NP (VP will (VP be (NP a big winner )NP )VP )VP )S )SBAR )ADJP )VP )S . )S  STOP
(S '' (NP Mr. *UNKC )NP (VP said (SBAR (S (NP he )NP (VP was (VP *UNKING (NP (NP his estimate )NP (PP for (NP (NP *UNKC 's )NP current year )NP )PP )NP (PP from (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP (PP to `` (PP (ADVP well )ADVP below (NP $ 8 )NP )PP )PP , '' (SBAR although (S (NP he )NP (VP has n't (VP settled (PP on (NP a final number )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP One troubling aspect )NP (PP of (NP (NP *UNKC 's )NP results )NP )PP )NP (PRN , (S (NP analysts )NP (VP said )VP )S , )PRN (VP was (NP (NP its performance )NP (PP in (NP Europe )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP (NP its overseas business )NP , (SBAR (WHNP which )WHNP (S (ADVP now )ADVP (VP accounts (PP for (NP (NP (QP more than half )QP )NP (PP of (NP sales )NP )PP )NP )PP )VP )S )SBAR , )NP (VP improved (PP in (NP the quarter )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (ADVP even )ADVP (VP took (NP (NP the (ADJP unusually *UNK )ADJP step )NP (PP of (S (VP telling (NP analysts )NP (PP in (NP a morning conference call )NP )PP (SBAR that (S (NP (NP orders )NP (PP in (NP Europe )NP )PP )NP (VP were (ADVP up (PP in `` (NP double *UNK )NP '' )PP )ADVP (PP in (NP *UNK- terms )NP )PP )VP )S )SBAR )VP )S )PP )NP )VP . )S  STOP
(SINV (S (NP That gain )NP (ADVP probably )ADVP (VP translated (PP into (NP (NP (QP about 5 % to 7 % )QP )NP (PP in (NP dollar terms )NP )PP , (PP (ADVP well )ADVP below (NP (NP (NP recent quarters ' )NP gains )NP (PP of (NP (QP above 20 )QP % )NP )PP )NP )PP )NP )PP )VP )S , (VP *UNK )VP (NP (NP Jay Stevens )NP (PP of (NP Dean Witter Reynolds )NP )PP )NP . )SINV  STOP
(S `` (S (NP That )NP (VP was (NP (NP a disappointment )NP '' and (NP (NP a sign )NP (PP of (NP (NP overall *UNK- *UNK )NP (PP in (NP Europe )NP )PP )NP )PP )NP )NP )VP )S , (NP Mr. Stevens )NP (VP said )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (PP with (NP (NP *UNKC Securities )NP (PP in (NP New York )NP )PP )NP )PP , )NP (VP dropped (NP (NP his estimate )NP (PP of (NP (NP DEC 's )NP full-year net )NP )PP )NP (PP to (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP (PP from (NP $ 8 )NP )PP )VP . )S  STOP
(S (SBAR Although (S (NP overall revenues )NP (VP were (ADJP stronger )ADJP )VP )S )SBAR (PRN , (S (NP Mr. *UNKC )NP (VP said )VP )S , )PRN (NP DEC )NP `` (VP (VP drew (ADVP down )ADVP (NP its European backlog )NP )VP '' and (VP had (NP flat world-wide orders )NP (ADVP overall )ADVP )VP )VP . )S  STOP
(S `` (S (NP The bottom line )NP (VP is (SBAR that (S (NP it )NP (VP 's (ADJP (ADJP more hand to *UNK )ADJP (SBAR than (S (NP it )NP (VP has (VP been (ADVP before )ADVP )VP )VP )S )SBAR )ADJP )VP )S )SBAR )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP he )NP (VP believes (SBAR that (S (NP (NP the *UNK- )NP (PP of (NP (NP DEC 's )NP new mainframe )NP )PP )NP (VP will `` (VP occur (ADVP (ADVP somewhat more *UNKLY )ADVP '' (SBAR than (S (NP (NP many )NP (PP of (NP his investment colleagues )NP )PP )NP (VP expect )VP )S )SBAR )ADVP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP current expectations )NP (VP are (SBAR for (S (NP an entry level machine )NP (VP to (VP be (VP shipped (PP in (NP December )NP )PP )VP )VP )VP )S )SBAR , (SBAR with (S (NP (NP all )NP (PP of (NP the more sophisticated versions )NP )PP )NP (ADVP out )ADVP (PP by (NP June )NP )PP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP (NP reasons )NP (SBAR (S (NP he )NP (VP would n't (VP elaborate (PP on )PP )VP )VP )S )SBAR )NP )PP , (NP he )NP (VP said (SBAR (S (NP he )NP (VP 's (ADJP sure (SBAR (S (NP that schedule )NP (VP wo n't (VP be (VP met , (S (VP meaning (NP (NP less profit impact )NP (PP from (NP the product )NP )PP (PP for (NP DEC )NP )PP (PP in (NP the next few quarters )NP )PP )NP )VP )S )VP )VP )VP )S )SBAR )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP John R. *UNKC )NP (VP contributed (PP to (NP this article )NP )PP )VP . )S  STOP
(S (NP Colgate *UNKC Co. )NP (VP reported (SBAR (S (NP third-quarter net income )NP (VP rose (NP 27 % )NP , (S (VP bolstered (PP by (NP (NP (NP strong sales )NP (PP in (NP its (ADJP Latin American )ADJP business )NP )PP )NP and (NP (NP (ADJP surprisingly healthy )ADJP profits )NP (PP from (NP U.S. operations )NP )PP )NP )NP )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Colgate )NP (VP said (SBAR (S (NP (NP net income )NP (PP for (NP the quarter )NP )PP )NP (VP rose (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP , (PP on (NP (NP sales )NP (SBAR (WHNP that )WHNP (S (VP increased (NP 6 % )NP (PP to (NP (QP $ 1.3 billion )QP )NP )PP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP the year-earlier period )NP )PP , (NP Colgate )NP (VP posted (NP (NP net income )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 88 cents )NP (NP a share )NP )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Last year 's )NP results )NP (VP included (NP (NP earnings )NP (PP from (NP discontinued operations )NP )PP (PP of (NP (NP (QP $ 13.1 million )QP )NP , or (NP (NP 19 cents )NP (NP a share )NP )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC Mark )NP , (NP (NP (NP chairman )NP and (NP chief executive officer )NP )NP (PP of (NP Colgate )NP )PP )NP , )NP (VP said (SBAR (S (NP earnings growth )NP (VP was (VP fueled (PP by (NP (NP strong sales )NP (PP in (NP (NP Latin America )NP , (NP the Far East )NP and (NP Europe )NP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Results )NP (VP were (ADVP also )ADVP (VP bolstered (PP by `` (NP (NP a (ADJP very *UNK )ADJP increase )NP (PP in (NP operating profit )NP )PP (PP at (NP (NP Colgate 's )NP U.S. business )NP )PP )NP )PP )VP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (S (NP (NP Operating profit )NP (PP at (NP (NP (NP Colgate 's )NP U.S. household products and personal care businesses )NP , (SBAR (WHNP which )WHNP (S (VP include (NP (NP such well-known brands )NP (PP as (NP (NP Colgate *UNK )NP and (NP *UNKC *UNK *UNK )NP )NP )PP )NP )VP )S )SBAR , )NP )PP )NP (VP jumped (NP (QP more than 40 )QP % )NP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP Mr. Mark )NP (VP attributed (NP the improvement )NP (PP to (NP (NP cost savings )NP (VP achieved (PP by (S (VP (VP consolidating (NP manufacturing operations )NP )VP , (VP *UNKING (ADVP together )ADVP (NP two sales organizations )NP )VP and (VP (ADVP more carefully )ADVP focusing (NP (NP the company 's )NP promotional activities )NP )VP )VP )S )PP )VP )NP )PP )VP . )S  STOP
(S `` (S (S (NP We )NP (VP 've (VP done (NP a lot )NP (S (VP to (VP improve (NP (PRN -LRB- U.S. . -RRB- )PRN results )NP )VP )VP )S )VP )VP )S and (S (NP a lot more )NP (VP will (VP be (VP done )VP )VP )VP )S )S , '' (NP Mr. Mark )NP (VP said )VP . )S  STOP
(S `` (NP (NP *UNKING profitability )NP (PP of (NP U.S. operations )NP )PP )NP (VP is (NP an (ADJP extremely high )ADJP priority )NP (PP in (NP the company )NP )PP )VP . '' )S  STOP
(S (NP (NP Colgate 's )NP results )NP (VP were (PP at (NP (NP the high end )NP (PP of (NP (NP the range )NP (PP of (NP (NP analysts ' )NP forecasts )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The scope )NP (PP of (NP (NP the improvement )NP (PP in (NP the U.S. business )NP )PP )NP )PP )NP (VP caught (NP some analysts )NP (PP by (NP surprise )NP )PP )VP . )S  STOP
(S (NP (NP (NP The company 's )NP domestic business )NP , (NP especially its household products division )NP , )NP (VP has (VP performed (ADVP poorly )ADVP (PP for (NP years )NP )PP )VP )VP . )S  STOP
(S (NP Analysts )NP (VP say (SBAR (S (NP the earnings improvement )NP (VP came (PP from (S (VP (VP cutting (NP costs )NP )VP (CONJP rather than )CONJP (VP increasing (NP sales )NP )VP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP net )NP (VP increased (NP 14 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )VP . )S  STOP
(S (NP Sales )NP (VP rose (NP 7 % )NP (PP to (NP (QP $ 3.8 billion )QP )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP earned (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (PP in (NP the year-earlier period )NP )PP )VP . )S  STOP
(S (NP (NP Colgate 's )NP 1988 net income )NP (VP included (NP (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 59 cents )NP (NP a share )NP )NP , )NP (PP from (NP discontinued operations )NP )PP )NP )VP . )S  STOP
(S (NP Colgate )NP (VP sold (NP its hospital supply and home health care business )NP (NP last year )NP )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP Colgate )NP (NP Wednesday )NP (VP *UNKED (NP (NP an agreement )NP (PP with (NP (NP *UNKC Corp. )NP , (NP (NP a tiny (UCP *UNK products and pharmaceutical )UCP concern )NP (VP based (PP in (NP (NP *UNKC )NP , (NP Mass. )NP , )NP )PP )VP )NP )NP )PP (S (VP to (VP market (PP in (NP the U.S. )NP )PP (NP (NP four )NP (PP of (NP (NP *UNKC 's )NP *UNKED *UNK products )NP )PP )NP )VP )VP )S )NP )VP . )S  STOP
(S (NP (NP (NP The products )NP -- (NP (NP (NP *UNK )NP and (NP *UNKING materials )NP )NP (VP used (PP by (NP *UNK )NP )PP )VP )NP -- )NP )NP all (VP contain (NP (NP *UNK )NP (SBAR (WHNP that )WHNP (S (VP is (VP released (PP over (NP time )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP The move )NP (VP is (NP (NP part )NP (PP of (NP (NP a drive )NP (SBAR (S (VP to (VP increase (NP (NP (NP Colgate 's )NP business )NP (PP with (NP *UNK )NP )PP )NP )VP )VP )S )SBAR )NP )PP )NP )VP )S , (NP a company spokeswoman )NP (VP said )VP . )S  STOP
(S (NP (NP Terms )NP (PP of (NP the agreement )NP )PP )NP (VP were n't (VP given )VP )VP . )S  STOP
(S (NP *UNKC Limited Partnership )NP (VP said (SBAR (S (NP it )NP (VP completed (NP (NP the sale )NP (PP of (NP its *UNKC restaurant franchise system )NP )PP (PP to (NP (NP a subsidiary )NP (PP of (NP Metromedia Co. )NP )PP )NP )PP (PP for (NP (NP (QP $ 71 million )QP )NP (PP in (NP cash )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP is (ADJP nearly *UNKED (PP by (NP (NP Sam and Charles *UNKLY )NP (PP of (NP Dallas )NP )PP )NP )PP )ADJP )VP )S )SBAR , )NP (VP said (SBAR (S (NP it )NP (VP will (VP distribute (NP (NP proceeds )NP (PP from (NP the sale )NP )PP )NP (PP to (NP unit holders )NP )PP (PP as (NP a *UNKING dividend )NP )PP (ADVP (ADVP as soon )ADVP (PP as (ADJP possible )ADJP )PP )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The *UNKC franchise system )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP (NP (QP about $ 600 million )QP )NP (PP in (NP sales )NP )PP )NP (ADVP annually )ADVP )VP )S )SBAR , )NP (VP represented (NP (NP substantially all )NP (PP of (NP (NP the partnership 's )NP assets )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP The sale )NP (PP of (NP the system )NP )PP )NP (VP has (VP been (VP challenged (PP in (NP (NP a class-action suit )NP (PP on (NP (NP behalf )NP (PP of (NP unit holders )NP )PP )NP )PP (VP filed (NP last week )NP (PP in (NP a Delaware court )NP )PP )VP )NP )PP )VP )VP )VP )S , (NP *UNKC )NP (VP said )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP it )NP (VP believes (SBAR (S (NP the suit )NP (VP is (PP without (NP merit )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP American Telephone & Telegraph Co. )NP (VP unveiled (NP (NP (NP a sweetened pension )NP and (NP *UNK- program )NP )NP (PP for (NP management )NP )PP (SBAR (WHNP that )WHNP (S (NP it )NP (VP hopes (SBAR (S (VP will (VP enable (S (NP it )NP (VP to (VP save (NP (QP $ 450 million )QP )NP (PP in (NP the next year )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )NP )VP . )S  STOP
(S (NP AT&T )NP (ADVP also )ADVP (VP said (SBAR (S (NP net income )NP (VP rose (NP 19 % )NP (PP in (NP the third quarter )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP AT&T )NP (VP said (SBAR (S (NP its amended pension program )NP (VP will (ADVP nearly )ADVP (VP double (PP to (NP *UNKN )NP )PP (NP (NP the number )NP (PP of (NP (NP managers )NP (ADJP eligible (S (VP to (VP retire (PP with (NP immediate pension payments )NP )PP )VP )VP )S )ADJP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP AT&T )NP (VP said (SBAR that (S (PP based (PP on (NP (NP studies )NP (PP of (NP (NP other companies )NP (SBAR (WHNP that )WHNP (S (VP have (VP offered (NP retirement plans )NP )VP )VP )S )SBAR )NP )PP )NP )PP )PP , (NP it )NP (VP expects (S (NP (NP about one-third )NP (PP of (NP its eligible managers )NP )PP )NP (VP to (VP retire (PP under (NP the new program )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP AT&T )NP (VP said (SBAR (S (NP third-quarter net income )NP (VP grew , (PP (NP despite )NP (NP (NP stiff competition )NP (PP in (NP (NP all )NP (PP of (NP (NP the company 's )NP markets )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Net income )NP (VP rose (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 65 cents )NP (NP a share )NP )NP )NP )PP , (PP from (NP (NP the year-earlier (QP $ *UNKN million )QP )NP , or (NP (NP 55 cents )NP (NP a share )NP )NP )NP )PP )VP . )S  STOP
(S (NP Revenue )NP (VP edged (PRT up )PRT (PP to (NP (QP $ 8.9 billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP (NP The latest period 's )NP net )NP (VP was (VP reduced (NP (NP (QP $ 102 million )QP )NP , or (NP (NP nine cents )NP (NP a share )NP )NP , )NP (PP for (NP (NP (NP a change )NP (PP in (NP depreciation method )NP )PP )NP and (NP (NP *UNK changes )NP (PP in (NP (NP estimates )NP (PP of (NP (NP *UNK lives )NP and (NP (NP net *UNK )NP (PP for (NP certain telecommunications equipment )NP )PP )NP )NP )PP )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP The results )NP (VP (ADVP roughly )ADVP matched (NP (NP estimates )NP (PP of (NP (NP securities analysts )NP , (SBAR (WHNP who )WHNP (S (VP were (VP encouraged (PP by (S (NP AT&T )NP (VP increasing (NP its operating margin )NP (PP to (NP 13 % )NP )PP (PP from (NP 11 % )NP (ADVP (NP a year )NP ago )ADVP )PP , (PP because of (NP continued cost-cutting efforts )NP )PP )VP )S )PP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP (NP Sales )NP (PP of (NP (NP long-distance services )NP , (NP an (ADJP extremely competitive )ADJP market )NP , )NP )PP )NP (VP rose (NP 6.4 % )NP )VP . )S  STOP
(S But (NP the growth )NP (VP was (ADVP partly )ADVP (VP offset (PP by (NP (NP lower equipment sales and *UNK )NP and (NP (NP price cuts )NP (PP on (NP some products )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (PP Under (NP the amended pension program )NP )PP , (NP (NP AT&T managers )NP (SBAR (WHNP who )WHNP (S (VP have (NP (NP (QP at least five )QP years )NP (PP of (NP service )NP )PP )NP )VP )S )SBAR )NP (VP will (VP have (S (NP five years )NP (VP added (PP to (NP (NP their age and length )NP (PP of (NP service )NP )PP )NP )PP )VP )S (PP for (NP pension purposes )NP )PP )VP )VP . )S  STOP
(S (NP (NP Managers )NP (SBAR (WHNP who )WHNP (S (VP retire (NP Dec. 30 )NP )VP )S )SBAR )NP (VP will (VP have (S (NP an additional 15 % )NP (VP added (PP to (NP their monthly pension )NP )PP (PP for (NP (NP (NP (QP as long as five )QP years )NP or (NP age 65 )NP )NP , (SBAR (WHNP *UNK )WHNP (S (VP comes (ADVP earlier )ADVP )VP )S )SBAR )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP An AT&T spokeswoman )NP (VP said (SBAR (S (NP the company )NP (VP would (ADVP likely )ADVP (VP replace (NP (NP about one-third )NP (PP of (NP (NP its managers )NP (SBAR (WHNP who )WHNP (S (VP choose (S (VP to (VP retire )VP )VP )S )VP )S )SBAR )NP )PP )NP (PP with (NP new employees )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Analysts )NP (VP hailed (NP (NP the sweetened pension package )NP , (SBAR (WHNP which )WHNP (S (NP they )NP (VP said (SBAR (S (VP had (VP been (NP (NP the subject )NP (PP of (NP rumors )NP )PP )NP (PP for (NP several months )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )NP )VP . )S  STOP
(SINV `` (S (NP This )NP (VP tells (NP you )NP (SBAR (S (NP AT&T )NP (VP (VP is (ADJP serious (PP about (S (VP continuing (S (VP to (VP manage (NP their cost structure )NP )VP )VP )S )VP )S )PP )ADJP )VP and (VP is (VP committed (PP to (NP *UNK- earnings growth )NP )PP )VP )VP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP Jack *UNKC )NP , (NP (NP an analyst )NP (PP with (NP PaineWebber Inc . )NP )PP )NP )NP )SINV  STOP
(S But (NP other analysts )NP (VP expressed (NP disappointment (SBAR that (S (NP the cost-cutting move )NP (VP wo n't (VP result (PP in (NP (ADJP even greater )ADJP earnings growth )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(SINV `` (S (S (NP This )NP (VP is (NP a good move )NP )VP )S , but (S (NP it )NP (ADVP only )ADVP (VP gets (NP you )NP (PP to (SBAR (WHADVP where )WHADVP (S (NP (NP people 's )NP expectations )NP (ADVP already )ADVP (VP are )VP )S )SBAR )PP , '' (PP in (NP (NP terms )NP (PP of (NP earnings growth )NP )PP )NP )PP )VP )S )S , (VP said )VP (NP (NP Joel D. *UNKC )NP , (NP (NP an analyst )NP (PP with (NP Donaldson , Lufkin & Jenrette )NP )PP )NP )NP . )SINV  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP he )NP (VP had (VP hoped (SBAR that (S (NP (NP a cost savings )NP (PP of (NP (QP $ 450 million )QP )NP )PP )NP (VP would (VP result (PP in (NP (NP (ADJP even greater )ADJP growth )NP (PP than (NP (NP the (ADJP 20 % )ADJP annual earnings increase )NP (SBAR (S (NP AT&T )NP (VP has (VP told (NP analysts )NP (SBAR (S (NP it )NP (VP expects (PP in (NP the future )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP AT&T )NP (VP said (SBAR (S (NP the special retirement option )NP (VP will (VP increase (NP fourth-quarter expenses )NP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP the company )NP (VP said (SBAR (S (NP the amount )NP (VP ca n't (VP be (VP determined (SBAR until (S (NP it )NP (VP knows (SBAR (WHNP (WHADJP how many )WHADJP managers )WHNP (S (VP *UNK (S (VP to (VP retire )VP )VP )S )VP )S )SBAR )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP AT&T )NP (VP said (SBAR (S (NP the expense increase )NP (VP will (VP be (ADVP largely )ADVP (VP offset (PP by (NP (NP a gain )NP (PP from (NP its (ADJP previously announced )ADJP plan (S (VP to (VP swap (NP (NP its holdings )NP (PP in (NP *UNKC . C. Olivetti & Co. )NP )PP )NP (PP for (NP (NP shares )NP (PP in (NP (NP Cie . *UNKC *UNKC )NP , (NP an Italian holding company )NP )NP )PP )NP )PP )VP )VP )S )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP AT&T )NP (VP said (SBAR (S (NP net income )NP (VP was (NP (NP (QP $ *UNKN billion )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP (ADVP up (NP 19 % )NP (PP from (NP (NP (QP $ *UNKN billion )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP Revenue )NP (VP gained (NP 3.1 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ 26 billion )QP )NP )PP )VP . )S  STOP
(S (PP In (NP composite trading )NP )PP (NP yesterday )NP (PP on (NP the New York Stock Exchange )NP )PP , (NP AT&T shares )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP up (NP 87.5 cents )NP )ADVP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP it )NP (VP comes (PP to (S (VP buying and selling (NP shares )NP )VP )S )PP )VP )S )SBAR , (NP *UNKC Capital Management Inc. )NP (VP takes (NP a back seat )NP (PP to (NP no one )NP )PP )VP . )S  STOP
(S (S (NP (NP (NP Every dollar 's )NP worth )NP (PP of (NP stock )NP )PP (PP in (NP (NP the Los Angeles money manager 's )NP portfolio )NP )PP )NP (VP is (VP traded (NP (NP (QP seven or eight )QP times )NP (NP a year )NP )NP )VP )VP )S , (NP the firm )NP (VP estimates )VP . )S  STOP
(S (NP That )NP (VP makes (S (NP it )NP (NP (NP the (ADJP most active )ADJP trader )NP (PP among (NP all (NP the nation 's )NP investment advisers )NP )PP )NP )S , (PP according (PP to (NP Securities and Exchange Commission filings )NP )PP )PP )VP . )S  STOP
(S But (VP wait (NP a second )NP )VP . )S  STOP
(S (NP *UNKC Capital )NP (VP is (NP (NP an index fund )NP -- (NP (NP the type )NP (PP of (NP (NP *UNK long-term investor )NP (SBAR (WHNP whose goal )WHNP (S (VP is (S (VP to (VP be (NP (NP nothing )NP (ADJP more (PP than (ADJP average )ADJP )PP )ADJP )NP )VP )VP )S )VP )S )SBAR )NP )PP )NP )NP )VP . )S  STOP
(S (NP (NP *UNKC Capital 's )NP *UNK trading )NP (VP reflects (NP (NP the changes )NP (VP sweeping (PP through (NP (NP the (ADJP previously *UNK )ADJP world )NP (PP of (NP indexing )NP )PP )NP )PP )VP )NP )VP . )S  STOP
(S (NP *UNKING )NP (PP for (NP the most part )NP )PP (VP has (VP involved (S (VP (VP (ADVP simply )ADVP buying )VP and (VP (ADVP then )ADVP holding )VP (NP (NP stocks )NP (PP in (NP the correct mix )NP )PP )NP )VP )S (S (VP to (VP (VP *UNK (NP (NP a stock market *UNK )NP , (PP such as (NP (NP Standard )NP & (NP Poor 's )NP 500-stock index )NP )PP , )NP )VP and (VP match (NP its performance )NP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP Institutional investors )NP (VP have (VP *UNKED (NP (QP $ *UNKN billion )QP )NP (PP into (NP stock and bond indexing )NP )PP (PP as (NP (NP a cheap and easy form )NP (PP of (NP investment management )NP )PP (SBAR (WHNP that )WHNP (S (VP promises (S (VP to (VP post (NP average market returns )NP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP These big investors )NP (VP have (VP *UNKED (PP to (NP indexing )NP )PP (SBAR because (S (NP (ADJP relatively few )ADJP `` active '' stock *UNK )NP (VP have (VP been (ADJP able (S (VP to (VP (VP (ADVP consistently )ADVP match (NP (NP the returns )NP (PP of (NP (NP the S&P 500 )NP or (NP other *UNK )NP )NP )PP )NP )VP , (VP (ADVP much less )ADVP beat (NP it )NP )VP )VP )VP )S )ADJP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S And (NP (NP the fees )NP (SBAR (S (NP investors )NP (VP pay (PP for (NP indexing )NP )PP )VP )S )SBAR )NP (VP run (NP (NP (NP a few *UNK )NP (PP for (NP (NP each $ 100 )NP (PP of (NP assets )NP )PP )NP )PP )NP -- (NP (NP a fraction )NP (PP of (NP (NP the cost )NP (PP of (NP active managers )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (S (NP That )NP (VP 's (SBAR because (S (NP computers )NP (VP do (NP (NP most )NP (PP of (NP the work )NP )PP )NP )VP )S )SBAR )VP )S , and (S (NP low trading activity )NP (VP keeps (NP a *UNK )NP (PP on (NP commission costs )NP )PP )VP )S . )S  STOP
(S But (NP today )NP , (NP indexing )NP (VP is (VP moving (PP from (NP a *UNK investment strategy )NP )PP (PP to (NP an (ADJP increasingly active )ADJP one )NP )PP )VP )VP . )S  STOP
(S (SBAR Because (S (NP *UNK- managers )NP (VP are (ADVP no longer )ADVP (ADJP satisfied (PP with (S (ADVP merely )ADVP (VP being (ADJP average )ADJP )VP )S )PP )ADJP )VP )S )SBAR , (NP they )NP (VP have (VP developed (NP (NP `` enhanced '' indexing strategies )NP (SBAR (WHNP that )WHNP (S (VP are (VP intended (S (VP to (VP *UNK (NP the market )NP (NP (QP as much as three )QP percentage points )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(SINV `` (S (S (NP *UNKING )NP (VP has (VP been (NP (NP the (ADJP most single successful )ADJP investment concept )NP (PP in (NP the last decade )NP )PP )NP )VP )VP )S , but (S (NP the index money )NP (VP has (VP been (ADVP just )ADVP (ADVP sort of )ADVP (VP sitting (ADVP there )ADVP )VP )VP )VP )S )S , '' (VP says )VP (NP (NP *UNKC M. *UNKC )NP , (NP (NP president )NP (PP of (NP (NP *UNKC *UNKC Investors Inc. )NP , (NP (NP an *UNK )NP (VP based (PP in (NP (NP *UNKC )NP , (NP N.Y )NP )NP )PP )VP )NP )NP )PP )NP )NP . )SINV  STOP
(S `` (ADVP Now )ADVP (NP the interest )NP (VP is (PP in (SBARQ (WHNP what else )WHNP (SQ can (NP I )NP (VP do (PP with (NP that money )NP )PP )VP )SQ )SBARQ )PP )VP . '' )S  STOP
(S (PP Among (NP the *UNK- indexing strategies )NP )PP : (NP *UNKED portfolios )NP (VP can (VP be (VP built (PP around (NP (NP (NP thousands )NP (PP of (NP stocks )NP )PP )NP , or (NP just a few dozen )NP )NP )PP , (PP rather than (S (VP being (VP restricted (PP to (NP the S&P 500 companies )NP )PP )VP )VP )S )PP )VP )VP )VP . )S  STOP
(S (NP They )NP (VP can (VP (VP ignore (NP the S&P 500 stocks )NP (ADVP altogether )ADVP )VP and (VP focus (PP on (NP (NP particular types )NP (PP of (NP stocks )NP )PP , (PP such as (NP (NP smaller companies )NP , (NP those paying high dividends )NP or (NP (NP companies )NP (PP in (NP a particular industry , state or country )NP )PP )NP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (PP With (NP (NP today 's )NP computer-driven program trading techniques )NP )PP , (NP index funds )NP (VP can (VP trade (ADVP back and forth )ADVP (PP between (NP (NP stock-index futures )NP and (NP (NP the actual stocks )NP (VP making (PRT up )PRT (NP indexes )NP )VP (PP such as (NP the S&P 500 )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP Futures and options )NP (ADVP also )ADVP (VP make (S (NP (NP it )NP )NP (ADJP possible )ADJP (S (VP to (VP build (NP (NP `` synthetic '' index funds )NP (SBAR (WHNP that )WHNP (S (VP (VP do n't (ADVP actually )ADVP (VP own (NP (NP a single share )NP (PP of (NP stock )NP )PP )NP )VP )VP , but (VP can (VP produce (NP (NP returns )NP (SBAR (WHNP that )WHNP (S (VP match or exceed (NP the broad stock market )NP )VP )S )SBAR )NP )VP )VP )VP )S )SBAR )NP )VP )VP )S )S )VP . )S  STOP
(S (NP (NP One reason )NP (PP for (NP these *UNK )NP )PP )NP (VP is (SBAR that (S (NP (NP indexing 's )NP rapid growth )NP (VP is (VP slowing , (PP (ADVP particularly )ADVP for (NP (NP those `` (ADJP plain *UNK )ADJP '' funds )NP (SBAR (WHNP that )WHNP (S (VP mirror (NP the S&P 500 )NP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP There )NP (VP is n't (NP (NP a *UNK )NP -LCB- (PP of (NP big investors )NP )PP -RCB- )NP (ADVP out there )ADVP (S (ADVP still )ADVP (VP waiting (S (VP to (VP get (PP into (NP indexing )NP )PP )VP )VP )S )VP )S )VP )S , '' (VP says )VP (NP (NP P. James *UNKC )NP , (NP (NP vice president )NP (PP of (NP (NP (NP *UNKC Investment Management Co. )NP , (NP Chicago )NP , )NP (SBAR (WHNP which )WHNP (S (VP offers (NP both (NP indexing )NP and (NP active management services )NP )NP )VP )S )SBAR )NP )PP )NP )NP . )SINV  STOP
(S -LRB- (PP After (S (VP *UNKING (PP in (NP size )NP )PP (PP in (NP the past five years )NP )PP )VP )S )PP , (NP index funds )NP (ADVP now )ADVP (VP hold (NP (NP (QP about 20 )QP % )NP (PP of (NP (NP the stock )NP (VP owned (PP by (NP pension funds )NP )PP )VP )NP )PP )NP )VP . -RRB- )S  STOP
(S (NP A further problem )NP (VP is (NP *UNK- profits )NP )VP . )S  STOP
(S (NP *UNKC funds )NP (VP have (VP become (ADJP so *UNK (SBAR that (S (NP (NP fees )NP (SBAR (S (NP they )NP (VP can (VP charge )VP )VP )S )SBAR )NP (VP have (VP (VP plunged (PP to (NP almost nothing )NP )PP )VP , and (VP (PP in (NP some cases )NP )PP are (NP just that )NP )VP )VP )VP )S )SBAR )ADJP )VP )VP . )S  STOP
(S (S (VP To (VP land (NP (NP customers )NP (PP for (NP their *UNKING stock *UNK business )NP )PP )NP )VP )VP )S , (NP big banks )NP (ADVP sometimes )ADVP (VP will (VP throw (PRT in )PRT (NP (NP basic indexing services )NP (PP for (ADJP free )ADJP )PP )NP )VP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's (PP like (S (VP getting (NP a free *UNK )NP (SBAR (WHADVP when )WHADVP (S (NP you )NP (VP open (NP an account )NP )VP )S )SBAR )VP )S )PP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC 's )NP Mr. *UNKC )NP . )SINV  STOP
(S (PP As (NP a result )NP )PP , (NP *UNK )NP (VP have (VP been (VP looking (PP for (NP (NP ways )NP (SBAR (S (VP to (VP give (NP investors )NP (NP (NP something )NP (ADJP more (PP than (NP the average )NP )PP )ADJP )NP (PP for (NP their money )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S And (NP many )NP (VP have (VP been (ADJP successful )ADJP , (PP as (PP in (NP (NP the case )NP (PP of (NP (NP the index fund )NP (VP operated (PP by (NP *UNK- *UNKC Capital )NP )PP )VP )NP )PP )NP )PP )PP )VP )VP . )S  STOP
(S (NP *UNKC Capital )NP (VP has (VP used (NP enhanced indexing techniques )NP (S (VP to (VP beat (NP (NP the S&P 500 's )NP returns )NP (PP by (NP (QP 2.5 to 3 )QP percentage points )NP )PP (PP over (NP the past four years )NP )PP , (PP with (NP (NP the same risk level )NP (PP as (S (VP holding (NP the S&P 500 stocks )NP )VP )S )PP )NP )PP )VP )VP )S , (PP according (PP to (NP (NP James *UNKC )NP , (NP (NP the firm 's )NP president )NP )NP )PP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP vary (PP for (NP (NP *UNKC Capital )NP , (SBAR (WHNP which )WHNP (S (VP has (NP (NP (QP $ 300 million )QP )NP (PP under (NP management )NP )PP )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The firm )NP (ADVP sometimes )ADVP (VP (VP buys (NP S&P 500 futures )NP (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP are (VP selling (PP at (NP (NP a discount )NP (PP to (NP the actual stocks )NP )PP )NP )PP )VP )VP )S )SBAR )VP , and (VP will (VP switch (ADVP back and forth )ADVP (PP between (NP (NP stocks )NP and (NP stock-index futures )NP )NP )PP (S (VP to (VP take (NP advantages )NP (PP of (NP any *UNK price *UNK )NP )PP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (ADVP also )ADVP (VP goes (PP through (NP (NP periods )NP (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP buys (NP stocks )NP (PP in (NP (NP *UNK )NP (PP with (NP options )NP )PP )NP )PP (S (VP to (VP (VP boost (NP returns )NP )VP and (VP protect (PP against (NP declines )NP )PP )VP )VP )VP )S )VP )S )SBAR )NP )PP )VP . )S  STOP
(S And (PP in (NP some months )NP )PP , (NP he )NP (VP buys (NP (NP stock-index futures )NP and not (NP stocks )NP (ADVP at all )ADVP )NP )VP . )S  STOP
(S `` (S (PP By (NP their nature )NP )PP , (NP our trades )NP (VP (VP are (ADJP very short-term )ADJP )VP and are (VP going (S (VP to (VP create (NP high turnover )NP )VP )VP )S )VP )VP )S , '' (NP Mr. *UNKC )NP (VP adds )VP . )S  STOP
(X `` (X The more turnover )X , (X the better (PP for (NP our clients )NP )PP )X . '' )X  STOP
(S (NP Big *UNK Bankers Trust Co. )NP (ADVP also )ADVP (VP uses (NP futures )NP (PP in (NP (NP a strategy )NP (SBAR (WHNP that )WHNP (S (PP on (NP average )NP )PP (VP has (VP added (NP one percentage point )NP (PP to (NP (NP its enhanced fund 's )NP returns )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP J. Thomas Allen )NP , (NP (NP president )NP (PP of (NP *UNKED Advanced Investment Management Inc. )NP )PP )NP , )NP (VP agrees (SBAR (S (NP (NP it )NP )NP (VP 's (NP a good idea )NP (S (VP to (VP jump (PP between (NP the S&P 500 stocks and futures )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S `` (S (S (NP You )NP (VP 're (VP buying (NP the S&P )NP )VP )VP )S , and (S (NP you )NP (ADVP always )ADVP (VP want (S (VP to (VP hold (NP (NP the *UNK form )NP (PP of (NP it )NP )PP )NP )VP )VP )S )VP )S )S , '' (NP he )NP (VP says )VP . )S  STOP
(S But (NP some *UNK )NP (VP make (NP (NP (ADJP little or no )ADJP use )NP (PP of (NP futures )NP )PP )NP , (S (VP saying (SBAR that (S (NP these instruments )NP (VP present (NP (NP added risks )NP (PP for (NP investors )NP )PP )NP )VP )S )SBAR )VP )S )VP . )S  STOP
(SINV `` (S (SBAR If (S (NP (NP the futures )NP markets )NP (VP have (NP a problem )NP )VP )S )SBAR , then (NP those products )NP (VP could (VP have (NP a problem )NP )VP )VP )S , '' (VP says )VP (NP (NP John *UNKC )NP , (NP (NP managing director )NP (PP of (NP (NP Prudential Insurance Co. )NP (PP of (NP (NP America 's )NP Investment Index Technologies Inc. unit )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP Prudential )NP (ADVP currently )ADVP (VP is (VP seeking (NP approval (S (VP to (VP offer (NP (NP a new fund )NP (VP offering (NP (NP a return )NP (ADJP equal (PP to (NP (NP the S&P 500 index )NP plus (NP (NP *UNKN )NP (PP of (NP a percentage point )NP )PP )NP )NP )PP )ADJP )NP )VP )NP )VP )VP )S )NP )VP )VP . )S  STOP
(S (NP An added feature )NP (VP is (SBAR that (S (NP the (ADJP *UNK improved )ADJP return )NP (VP would (VP be (VP guaranteed (PP by (NP Prudential )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP There )NP (VP are (NP (NP many other strategies )NP (SBAR (S (VP to (VP bolster (NP (NP the returns )NP (PP of (NP index funds )NP )PP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP They )NP (VP include )VP : )S  STOP
(NP *UNKC *UNKC FUNDS : )NP  STOP
(S (NP These )NP (VP guarantee (NP (NP protection )NP (PP against (NP stock market declines )NP )PP )NP (PP while (S (ADVP still )ADVP (VP passing (ADVP along )ADVP (NP most gains )NP )VP )S )PP )VP . )S  STOP
(S (ADVP Here )ADVP (NP a fund )NP (VP may (VP promise (S (VP to (VP pay (PRT back )PRT , (INTJ say )INTJ , (NP (NP $ 95 )NP (PP of (NP (NP every $ 100 )NP (VP invested (PP for (NP a year )NP )PP )VP )NP )PP )NP , (SBAR even if (S (NP the market )NP (VP goes (ADVP much lower )ADVP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (NP The fund )NP (VP could (VP invest (NP $ 87 )NP (PP for (NP one year )NP )PP (PP in (NP (NP Treasury bills )NP (VP yielding (NP 8 % )NP )VP )NP )PP (S (VP to (VP return (NP the guaranteed $ 95 )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP That )NP (VP leaves (NP (NP $ 13 )NP , (SBAR (WHNP which )WHNP (S (VP could (VP be (VP used (S (VP to (VP buy (NP (NP S&P 500 options )NP (SBAR (WHNP that )WHNP (S (VP will (ADVP nearly )ADVP (VP match (NP (NP any gain )NP (PP in (NP the S&P index )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(NP *UNKC *UNKC FUNDS : )NP  STOP
(S (VP *UNKC (SBAR (S (NP a big investor )NP (VP is (ADJP interested (PP in (NP growth stocks )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (S (PP Instead of (S (VP hiring (NP (NP one )NP (PP of (NP (NP the many active managers )NP (VP specializing (PP in (NP growth stocks )NP )PP )VP )NP )PP )NP )VP )S )PP , (NP *UNK )NP (VP can (VP design (NP a portfolio )NP (PP around (NP the same stocks )NP )PP )VP )VP )S ; (S (NP the portfolio )NP (VP will (VP be (VP maintained (PP by (NP computer )NP )PP , (S (VP reducing (NP both (NP fees )NP and (PRN , (PP in (NP theory )NP )PP , )PRN (NP risk )NP )NP -LRB- (PP because of (NP (NP the large number )NP (PP of (NP stocks )NP )PP )NP )PP -RRB- )VP )S )VP )VP )VP )S . )S  STOP
(SINV `` (S (NP We )NP (VP see (NP (NP a lot )NP (PP of (NP (NP interest )NP (PP in (NP (NP those kind )NP (PP of (NP things )NP )PP )NP )PP )NP )PP )NP )VP )S , '' (VP says )VP (NP (NP Frank *UNKC )NP , (NP (NP a vice president )NP (PP of (NP Bankers Trust )NP )PP )NP )NP . )SINV  STOP
(S `` (NP (NP People )NP (ADJP comfortable (PP with (NP the *UNK approach )NP )PP )ADJP )NP (VP are (VP using (NP them )NP (PP for (NP other strategies )NP )PP )VP )VP . '' )S  STOP
(NP *UNKC FUNDS : )NP  STOP
(S (NP This )NP (VP is (NP (NP an index fund )NP (PP with (NP a bet )NP )PP )NP )VP . )S  STOP
(S (PP Instead of (S (VP *UNKING (NP (NP the S&P 500 )NP or (NP some other index )NP )NP (ADVP exactly )ADVP )VP )S )PP , (NP some stocks )NP (VP are (VP *UNKED or *UNKED (PP in (NP the portfolio )NP )PP )VP )VP . )S  STOP
(S (S (NP One simple approach )NP (VP is (S (VP to (VP exclude (NP (NP S&P 500 companies )NP (VP considered (S (NP bankruptcy candidates )NP )S )VP )NP )VP )VP )S )VP )S ; (S (NP this )NP (VP can (VP (VP avoid (NP weak *UNK )NP )VP , but (ADVP also )ADVP (VP can (VP hurt (SBAR (WHADVP when )WHADVP (S (NP (NP a company )NP (PP like (NP Chrysler Corp. )NP )PP )NP (VP *UNK )VP )S )SBAR )VP )VP )VP )VP )S . )S  STOP
(FRAG (NP Another approach )NP : (S (NP (NP An investor )NP (PP with (NP (QP $ 100 million )QP )NP )PP )NP (VP might (VP (VP use (NP (QP $ 75 million )QP )NP (S (VP to (VP buy (NP the S&P 500 index )NP )VP )VP )S )VP and (VP spend (NP the other (QP $ 25 million )QP )NP (PP on (NP (NP a favorite group )NP (PP of (NP stocks )NP )PP )NP )PP )VP )VP )VP )S . )FRAG  STOP
(NP *UNKC FUNDS : )NP  STOP
(S (NP *UNKC )NP (VP can (VP be (VP *UNKED (NP (SBAR (S (VP to (VP serve (NP (NP social goals )NP , (PP such as (S (VP eliminating (NP (NP the stocks )NP (PP of (NP (NP companies )NP (VP doing (NP business )NP (PP in (NP South Africa )NP )PP )VP )NP )PP )NP )VP )S )PP )NP )VP )VP )S )SBAR )NP )VP )VP )VP . )S  STOP
(S (NP Other funds )NP (VP have (VP been (VP designed (S (VP to (VP concentrate (PP on (NP (NP stocks )NP (PP in (NP a *UNK area )NP )PP )NP )PP (SBAR in order (S (VP to (VP encourage (NP local investment )NP )VP )VP )S )SBAR )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP Pennsylvania State Employees Retirement System )NP , (PP for (NP example )NP )PP , (VP has (NP (NP (QP about $ 130 million )QP )NP (VP invested (PP in (NP (NP a fund )NP (PP of (NP (NP *UNKN companies )NP (SBAR (WHNP that )WHNP (S (VP (VP are (ADVP either )ADVP (ADJP *UNKED )ADJP )VP or (VP have (NP (NP 25 % )NP (PP of (NP their work forces )NP )PP )NP (PP in (NP the state )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )NP )VP . )S  STOP
(S (NP (NP Short interest )NP (PP on (NP the New York Stock Exchange )NP )PP )NP (VP declined (PP for (NP the second consecutive month )NP )PP , (NP this time )NP (NP 4.2 % )NP , (SBAR while (S (NP the American Stock Exchange )NP (VP reported (NP (NP its third consecutive record month )NP (PP of (NP short interest )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The Big Board )NP (VP reported (SBAR that (S (NP short interest )NP (VP dropped (PP to (NP *UNKN shares )NP (PP as (PP of (NP Oct. 13 )NP )PP )PP )PP (PP from (NP *UNKN shares )NP (PP in (NP *UNK- )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Amex short interest )NP (VP climbed (NP 3 % )NP (PP to (NP *UNKN shares )NP )PP (PP from (NP *UNKN shares )NP )PP )VP . )S  STOP
(S (PP For (NP the year-earlier month )NP )PP , (NP the Big Board )NP (VP reported (NP *UNKN shares )NP , (S (VP indicating (NP a (ADJP 13.5 % )ADJP *UNK- rise )NP )VP )S , (SBAR while (S (NP the Amex )NP (VP reported (NP (NP *UNKN shares )NP , (NP a (ADJP 48 % )ADJP *UNK )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Amex short interest )NP (VP has (VP been (VP heading (ADVP upward )ADVP (PP since (NP *UNK- )NP )PP , (PP with (NP (NP increases )NP (PP in (NP (NP each month )NP (PP since (ADVP then )ADVP )PP (PP except (PP at (NP *UNKLY )NP )PP )PP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP Traders )NP (SBAR (WHNP who )WHNP (S (VP sell (ADVP short )ADVP )VP )S )SBAR )NP (VP (VP borrow (NP stock )NP )VP and (VP sell (NP it )NP )VP , (S (VP betting (SBAR (SBAR that (S (NP (NP the stock 's )NP price )NP (VP will (VP decline )VP )VP )S )SBAR and (SBAR that (S (NP they )NP (VP can (VP buy (NP the shares )NP (ADVP back )ADVP (ADVP later )ADVP (PP at (NP a lower price )NP )PP (PP for (NP (NP return )NP (PP to (NP the lender )NP )PP )NP )PP )VP )VP )S )SBAR )SBAR )VP )S )VP . )S  STOP
(S (NP Short interest )NP (VP is (NP (NP the number )NP (PP of (NP shares )NP )PP (SBAR (WHNP that )WHNP (S (VP have n't (ADVP yet )ADVP (VP been (VP purchased (PP for (NP (NP return )NP (PP to (NP lenders )NP )PP )NP )PP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (SBAR Although (S (NP a substantial short position )NP (VP reflects (NP heavy speculation (SBAR that (S (NP (NP a stock 's )NP price )NP (VP will (VP decline )VP )VP )S )SBAR )NP )VP )S )SBAR , (NP some investors )NP (VP consider (S (NP (NP an increase )NP (PP in (NP short interest )NP )PP )NP (ADJP bullish )ADJP )S (SBAR because (S (NP the borrowed shares )NP (ADVP eventually )ADVP (VP must (VP be (VP bought (ADVP back )ADVP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP in (NP (NP short interest )NP (PP of (NP certain stocks )NP )PP )NP )PP )NP (ADVP also )ADVP (VP may (VP be (VP caused (ADVP partly )ADVP (PP by (NP *UNKING )NP )PP )VP )VP )VP . )S  STOP
(S (NP The figures )NP (ADVP occasionally )ADVP (VP include (NP (NP *UNK transactions )NP (PP in (NP restricted stock )NP )PP )NP )VP . )S  STOP
(S (NP (NP The level )NP (PP of (NP negative sentiment )NP )PP (VP measured (PP by (NP (NP the Big Board )NP short interest ratio )NP )PP )VP )NP (VP slipped (PP to (NP *UNKN )NP )PP (PP from (NP (NP last month 's )NP *UNKN )NP )PP )VP . )S  STOP
(S (NP The ratio )NP (VP is (NP (NP the number )NP (PP of (NP trading days )NP )PP , (PP at (NP (NP the exchange 's )NP average trading volume )NP )PP , (SBAR (WHNP that )WHNP (S (VP would (VP be (VP required (S (VP to (VP convert (NP the total short interest position )NP )VP )VP )S )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Some analysts )NP (VP suggest , (ADVP however )ADVP , (SBAR that (S (NP the ratio )NP (VP has (VP weakened (PP in (NP (NP value )NP (PP as (NP an indicator )NP )PP )NP )PP (SBAR because (S (NP (NP options )NP and (NP other products )NP )NP (VP can (VP be (VP used (S (VP to (VP hedge (NP short positions )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Corp. )NP (VP led (NP (NP the Big Board list )NP (PP of (NP largest short volumes )NP )PP )NP (PP with (NP *UNKN shares )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP has (VP proposed (S (VP to (VP acquire (NP (NP *UNKC Corp. )NP , (VP consisting (PP of (NP (NP the auto parts division )NP and (NP (NP some debt )NP (PP of (NP *UNKC Corp. )NP )PP )NP )NP )PP )VP , )NP (PP for (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP cash and securities )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP Chemical *UNKC Management )NP (VP posted (NP (NP the biggest increase )NP (PP in (NP short volume )NP )PP (PP on (NP the New York exchange )NP )PP )NP , (ADVP up (NP *UNKN shares )NP (PP to (NP *UNKN )NP )PP )ADVP )VP . )S  STOP
(S (NP (NP Bristol-Myers Squibb Co. )NP , (NP (NP the entity )NP (VP formed (PP from (NP (NP the recent acquisition )NP (PP of (NP Squibb Corp. )NP )PP (PP by (NP Bristol-Myers Co. )NP )PP )NP )PP )VP )NP , )NP (VP *UNKED (NP (NP the largest volume decline )NP , (NP *UNKN shares )NP , (PP to (NP *UNKN )NP )PP )NP )VP . )S  STOP
(S (NP (NP Short interest )NP (PP in (NP International Business Machines Corp. )NP )PP )NP (VP plunged (PP to (NP *UNKN shares )NP )PP (PP from (NP *UNKN shares )NP (ADVP (NP a month )NP earlier )ADVP )PP )VP . )S  STOP
(SINV (ADVP Also )ADVP (VP (ADVP closely )ADVP watched )VP (VP is )VP (NP (NP Exxon Corp. )NP , (SBAR (WHADVP where )WHADVP (S (NP short interest )NP (VP slid (PP to (NP *UNKN shares )NP )PP (PP from (NP *UNKN )NP )PP )VP )S )SBAR )NP . )SINV  STOP
(S (PP On (NP a percentage basis )NP )PP , (NP Germany Fund Inc. )NP (VP led (NP the gainers )NP , (S (VP *UNKING (PP to (NP *UNKN shares )NP )PP (PP from (NP three shares )NP )PP )VP )S )VP . )S  STOP
(S (NP TransCanada *UNKC Ltd. )NP (VP led (NP the percentage decliners )NP , (S (VP dropping (PP to (NP 59 shares )NP )PP (PP from (NP *UNKN )NP )PP )VP )S )VP . )S  STOP
(S (NP The Amex short interest volume leader )NP (ADVP again )ADVP (VP was (NP Texas Air Corp. )NP , (S (VP rising (PP to (NP *UNKN shares )NP )PP (PP from (NP *UNKN )NP )PP )VP )S )VP . )S  STOP
(S (NP *UNKC Pharmaceutical Co. )NP (VP posted (NP (NP the largest volume increase )NP , (NP *UNKN shares )NP , (PP to (NP *UNKN )NP )PP )NP )VP . )S  STOP
(S (NP The company )NP (VP is (PP under (NP (NP an investigation )NP (VP concerning (NP (NP procedures )NP (SBAR (S (VP to (VP gain (NP (NP Food and Drug Administration approval )NP (PP of (NP generic drugs )NP )PP )NP )VP )VP )S )SBAR )NP )VP )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP has (VP denied (NP any wrongdoing )NP )VP )VP . )S  STOP
(S (NP (NP The largest volume drop )NP -- (ADVP down (NP *UNKN shares )NP (PP to (NP *UNKN )NP )PP )ADVP -- )NP (VP came (PP in (NP (NP shares )NP (VP represented (PP by (NP (NP B.A.T Industries PLC 's )NP American depositary receipts )NP )PP )VP )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP is (VP facing (NP (NP a takeover proposal )NP (PP from (NP (NP the financier )NP (NP Sir James Goldsmith )NP )NP )PP )NP )VP )VP . )S  STOP
(S (NP First *UNKC Fund )NP (VP led (NP the percentage increases )NP , (S (VP rising (PP to (NP *UNKN shares )NP )PP (PP from (NP *UNKN )NP )PP )VP )S )VP . )S  STOP
(S (NP Nelson Holdings International Ltd. )NP (VP dropped (NP (NP the most )NP (PP on (NP a percentage basis )NP )PP )NP , (PP to (NP 1,000 shares )NP )PP (PP from (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP The *UNK tables )NP (VP show (NP (NP the Big Board and Amex issues )NP (SBAR (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP (NP a short interest position )NP (PP of (NP (QP at least 100,000 )QP shares )NP )PP )NP (VP existed (PP as (PP of (NP mid-October )NP )PP )PP )VP )S )SBAR or (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP there )NP (VP was (NP (NP a short position change )NP (PP of (NP (QP at least 50,000 )QP shares )NP )PP )NP (PP since (NP *UNK- )NP )PP )VP )S )SBAR )SBAR )NP )VP . )S  STOP
(S (NP (NP Your Oct. 12 editorial )NP `` (NP *UNKC , *UNKC *UNKC ? )NP '' )NP (ADVP *UNKLY )ADVP (VP states (SBAR that (S (NP I )NP (VP was (ADJP critical (PP of (NP (NP the Bush administration 's )NP failure (S (VP to (VP have (NP any plan )NP (PP in (NP place )NP )PP (S (VP to (VP respond (PP in (NP a timely fashion )NP )PP (PP to (NP (NP the opportunities (S (VP to (VP oust (NP Manuel Noriega )NP )VP )VP )S )NP (VP presented (PP by (NP (NP the attempted military coup )NP (PP on (NP Oct. 3 )NP )PP )NP )PP )VP )NP )PP )VP )VP )S )VP )VP )S )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP You )NP (VP are (ADJP absolutely wrong )ADJP , (ADVP however )ADVP , (PP in (S (VP *UNKING (SBAR that (S (NP this position )NP (VP is (NP (NP (NP some kind )NP (PP of `` (NP *UNK- )NP )PP )NP , '' (NP (NP something )NP (VP (ADVP newly )ADVP arrived (PP at )PP (PP as (NP (NP a result )NP (PP of (S (VP reading (NP the opinion polls )NP )VP )S )PP )NP )PP )VP )NP )NP )VP )S )SBAR )VP )S )PP )VP . )S  STOP
(S (NP My position )NP (VP is (NP (NP one )NP (VP founded (PP on (NP both (NP the facts )NP and (NP the law )NP )NP )PP )VP )NP )VP . )S  STOP
(S (SBAR Although (S (NP you )NP (VP may (VP have (VP forgotten )VP )VP )VP )S )SBAR , (NP (NP public opinion )NP (PP about (NP Gen. Noriega )NP )PP )NP (VP is (SBAR (WHADVP where )WHADVP (S (NP it )NP (VP is )VP )S )SBAR (PP (PP in (NP large measure )NP )PP because of (NP (NP my investigation )NP (PP of (NP (NP his years )NP (PP of (NP (NP involvement )NP (PP in (NP (NP *UNK *UNKING )NP -LRB- and (NP (NP *UNK work )NP (PP as (NP a U.S. *UNK )NP )PP )NP -RRB- )NP )PP )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP The public )NP (VP made (PRT up )PRT (NP its mind )NP (PP about (NP Gen. Noriega )NP )PP (ADVP largely )ADVP (PP as (NP (NP a result )NP (PP of (NP (NP the hearings )NP (SBAR (S (NP I )NP (VP *UNKED (PP in (NP (NP the Subcommittee )NP (PP on (NP *UNKC and *UNKC )NP )PP (PP of (NP the Foreign Relations Committee )NP )PP )NP )PP (PP (PP on (NP Feb. 8 , 9 , 10 and 11 , 1988 )NP )PP , and (ADVP again )ADVP (PP on (NP April 4 , 1988 )NP )PP )PP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP It )NP (VP was (PP during (NP those hearings )NP )PP (SBAR (WHADVP that )WHADVP (S (NP the nation )NP (ADVP first )ADVP (VP learned (NP (NP the *UNK and *UNK )NP (PP (PP of (NP (NP Gen. Noriega 's )NP *UNK )NP )PP , and (PP of (NP (NP his *UNKING relationships )NP (PP with (NP (NP a variety )NP (PP of (NP U.S. government agencies )NP )PP )NP )PP )NP )PP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Those hearings )NP (ADVP also )ADVP (VP *UNKED (SBAR (WHADVP how )WHADVP (S (NP Gen. Noriega )NP (VP was (ADJP able (S (VP to (VP use (NP (NP his relationships )NP (PP with (NP these agencies )NP )PP )NP (S (VP (VP to (VP delay (NP (NP U.S. action )NP (PP against (NP him )NP )PP )NP )VP )VP , and (VP to (VP exploit (NP (NP (NP the administration 's )NP *UNK )NP (PP with (S (VP *UNKING (NP the Sandinistas )NP )VP )S )PP )NP (S (VP to (VP protect (NP his own *UNKING )NP )VP )VP )S )VP )VP )VP )S )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S (SBAR As (S (NP former (NAC *UNKC (PP to (NP Costa Rica )NP )PP )NAC Francis J. *UNKC )NP (VP testified (PP before (NP the subcommittee )NP )PP )VP )S )SBAR , (NP the Reagan administration )NP (VP (VP knew (SBAR that (S (NP Gen. Noriega )NP (VP was (ADJP involved (PP with (NP *UNK )NP )PP )ADJP )VP )S )SBAR )VP , but (VP made (NP a decision )NP (PP in (NP (NP the summer )NP (PP of (NP 1986 )NP )PP )NP )PP `` (S (VP to (VP put (NP Gen. Noriega )NP (PP on (NP the shelf )NP )PP (SBAR until (S (NP Nicaragua )NP (VP was (VP settled )VP )VP )S )SBAR )VP )VP )S )VP )VP . '' )S  STOP
(S (SBAR As (S (NP (NP the report )NP (VP issued (PP by (NP the subcommittee )NP )PP )VP )NP (VP concluded )VP )S )SBAR , `` (NP Our government )NP (VP did (NP nothing )NP (PP regarding (NP (NP (NP Gen. Noriega 's )NP drug business )NP and (NP substantial criminal involvement )NP )NP )PP (SBAR because (S (NP the first priority )NP (VP was (NP the Contra war )NP )VP )S )SBAR )VP . )S  STOP
(S (NP This decision )NP (VP resulted (PP in (S (NP (ADVP at least )ADVP some drugs )NP (VP entering (NP the United States )NP )VP )S )PP (PP as (NP (NP a hidden cost )NP (PP of (NP the war )NP )PP )NP )PP )VP . '' )S  STOP
(S (ADVP Unfortunately )ADVP , (NP this problem )NP (VP continued (PP even after (NP (NP Gen. Noriega 's )NP indictment )NP )PP )VP . )S  STOP
(S (PP *UNKC (NP (NP 1988 )NP and (NP this year )NP )NP )PP , (NP (NP I )NP and (NP (NP others )NP (PP in (NP Congress )NP )PP )NP )NP (VP have (VP pressed (S (NP the U.S. )NP (VP to (VP develop (NP (NP a plan )NP (PP for (S (VP pushing (NP this `` *UNK '' )NP (PP out (PP of (NP Panama )NP )PP )PP )VP )S )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP (NP two *UNK )NP (PP in (NP a row )NP )PP )NP (VP have (VP been (ADJP *UNKING and unable (S (VP to (VP develop (NP (NP any plan )NP , (ADJP military or economic )ADJP , (PP for (S (VP supporting (NP the Panamanian people )NP (PP in (NP their attempts (S (VP to (VP restore (NP democracy )NP )VP )VP )S )NP )PP )VP )S )PP )NP )VP )VP )S )ADJP )VP )VP . )S  STOP
(NP (NP Sen. John *UNKC )NP (PRN -LRB- (NP (NP D. )NP , (NP Mass . )NP )NP -RRB- )PRN )NP  STOP
(S (PP For (NP Vietnamese )NP )PP , (NP these )NP (VP are (NP *UNK (PRN , (ADVP often )ADVP (ADJP *UNK )ADJP , )PRN times )NP )VP . )S  STOP
(S (PP After (NP (NP years )NP (PP of (NP *UNK )NP )PP )NP )PP , (S (NP (ADJP economic and political )ADJP reform )NP (VP was (VP embraced (PP at (NP (NP the end )NP (PP of (NP 1986 )NP )PP )NP )PP )VP )VP )S , but (S (NP *UNKING *UNK )NP (VP have (ADVP yet )ADVP (S (VP to (VP be (VP translated (PP into (NP much action )NP )PP )VP )VP )VP )S )VP )S . )S  STOP
(S (NP Vietnam )NP (VP is (VP finding (SBAR that (S (S (VP turning (NP a *UNK socialist order )NP (PP into (NP a dynamic free market )NP )PP )VP )S (VP does n't (VP come (ADVP easy )ADVP )VP )VP )S )SBAR )VP )VP . )S  STOP
(SINV (ADVP Here )ADVP (VP is )VP (SBAR (WHADVP how )WHADVP (S (NP three Vietnamese )NP (VP are (VP *UNKING (PP with (NP change )NP )PP )VP )VP )S )SBAR : )SINV  STOP
(NP The Tire King )NP  STOP
(S (NP *UNKC Van *UNKC )NP (VP is (NP living proof (SBAR that (S (NP old ways )NP (VP die (ADVP hard )ADVP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Mr. Chan )NP (VP used (S (VP to (VP be (NP (NP (NP an *UNK )NP (PP in (NP *UNKC )NP )PP )NP : (NP a private entrepreneur )NP )NP )VP )VP )S )VP . )S  STOP
(S (NP His business success )NP (VP made (S (NP him )NP (NP an official target )NP )S (PP in (NP *UNK- days )NP )PP )VP . )S  STOP
(S (NP (NP Mr. Chan )NP , (RRC (ADVP now )ADVP (ADJP (NP 64 years )NP old )ADJP )RRC , )NP (VP *UNKED (NP (NP a *UNK *UNK )NP (SBAR (S (NP (NP he )NP and (NP his family )NP )NP (VP produced (PP from (NP plastic waste )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP Later )ADVP , (NP he )NP (VP marketed (NP *UNK )NP )VP . )S  STOP
(S (NP Both products )NP (VP were (ADJP *UNKLY popular )ADJP )VP . )S  STOP
(S (PP For (NP his troubles )NP )PP , (NP Mr. Chan )NP (VP was (VP *UNKED (NP three times )NP (PP between (NP 1960 and 1974 )NP )PP )VP )VP . )S  STOP
(S (SBAR Though (S (NP his operation )NP (VP was (VP (VP registered )VP and (VP used (NP only scrap )NP )VP )VP )VP )S )SBAR , (NP he )NP (VP was (VP accused (PP of (S (VP (VP conducting (NP illegal business )NP )VP and (VP *UNKING (NP illegal materials )NP )VP )VP )S )PP )VP )VP . )S  STOP
(S (ADVP Once )ADVP (NP he )NP (VP was (VP held (PP for (NP three months )NP )PP (PP without (S (VP being (VP charged )VP )VP )S )PP )VP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP were (VP supposed (S (VP to (VP change (SBAR (WHADVP when )WHADVP (S (NP (NP Vietnam 's )NP economic reforms )NP (VP gathered (NP pace )NP )VP )S )SBAR )VP )VP )S )VP )VP )S , and (S (PP for (ADVP *UNK )ADVP )PP (NP they )NP (VP did )VP )S . )S  STOP
(S (PP After (NP (NP years )NP (PP of (NP *UNKING )NP )PP )NP )PP , (NP Mr. Chan )NP (VP produced (NP (NP a *UNK- *UNK tire )NP (SBAR (WHNP that )WHNP (S (VP *UNKED (NP its *UNKED rival )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP By (NP 1982 )NP )PP , (NP he )NP (VP was (VP selling (NP (NP thousands )NP (PP of (NP tires )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP published (NP (NP articles )NP (PP about (NP him )NP )PP )NP )VP )S , and (S (NP he )NP (VP was (VP hailed (PP as `` (NP the tire king )NP )PP )VP )VP )S . '' )S  STOP
(S (NP His efforts )NP (VP (VP earned (NP a gold *UNK )NP (PP at (NP a national exhibition )NP )PP )VP -- and (VP attracted (NP (NP renewed attention )NP (PP from (NP local authorities )NP )PP )NP )VP )VP . )S  STOP
(S (NP District police )NP (PP in (NP 1983 )NP )PP (VP (VP *UNKED (PP on (NP (NP his suburban home )NP , (SBAR (WHNP which )WHNP (S (NP (NP he )NP and (NP his large family )NP )NP (VP used (PP as (NP both residence and factory )NP )PP )VP )S )SBAR , )NP )PP )VP and (VP demanded (NP proof (SBAR (S (NP the house and equipment )NP (VP were (NP his )NP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP He )NP (VP produced (NP it )NP )VP . )S  STOP
(S `` (S (NP That )NP (VP was (NP (NP the first time )NP (SBAR (S (S (NP they )NP (VP lost )VP )S and (S (NP I )NP (VP won )VP )S )S )SBAR )NP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP He )NP (VP was (ADVP further )ADVP (VP questioned (S (VP to (VP determine (SBAR if (S (NP he )NP (VP was `` (NP (NP a real working man )NP or (NP an *UNK )NP )NP )VP )S )SBAR )VP )VP )S )VP )VP . '' )S  STOP
(SINV (VP Says )VP (NP Mr. Chan )NP : `` (S (SBAR (WHADVP When )WHADVP (S (NP I )NP (VP showed (SBAR (S (NP it )NP (VP was (PP from (NP my own brain )NP )PP )VP )S )SBAR )VP )S )SBAR , (NP they )NP (VP lost (PP for (NP the second time )NP )PP )VP )S . '' )SINV  STOP
(S But (ADVP (NP a few days )NP later )ADVP (NP the police )NP (VP accused (NP him )NP (PP of (S (VP (VP stealing (NP electricity )NP )VP , (VP acquiring (NP *UNK )NP (PP without (NP permission )NP )PP )VP and (VP buying (NP stolen property )NP )VP )VP )S )PP )VP . )S  STOP
(S (S (VP *UNKED (SBAR (S (NP he )NP (VP was (S (VP to (VP be (VP *UNKED (ADVP again )ADVP )VP )VP )VP )S )VP )S )SBAR )VP )S , (NP he )NP (VP fled (PP to (NP the *UNK )NP )PP )VP . )S  STOP
(S (NP His family )NP (VP was (VP given (NP (NP three hours )NP (SBAR (S (VP to (VP leave )VP )VP )S )SBAR )NP (SBAR before (S (NP the house and *UNK )NP (VP were (VP *UNKED )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP With (NP (NP only the clothes )NP (SBAR (S (NP they )NP (VP were (VP wearing )VP )VP )S )SBAR )NP )PP , (NP family members )NP (VP moved (PP to (NP (NP a home )NP (VP owned (PP by (NP (NP one )NP (PP of (NP (NP Mr. Chan 's )NP *UNK )NP )PP )NP )PP )VP )NP )PP )VP . )S  STOP
(S (PP After (NP (NP six months )NP (PP on (NP the run )NP )PP )NP )PP , (NP Mr. Chan )NP (VP learned (SBAR (S (NP (NP the order )NP (PP for (NP his arrest )NP )PP )NP (VP had (VP been (VP canceled )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP (VP *UNKED (NP his family )NP (PP in (NP January 1984 )NP )PP )VP and (VP began (NP (NP the long struggle )NP (PP for (NP justice )NP )PP )NP , (S (VP pressing (NP (NP everyone )NP (PP (PP from (NP *UNKC municipal officials )NP )PP (PP to (NP National Assembly *UNK )NP )PP )PP )NP (PP for (NP (NP *UNK )NP (PP of (NP his rights )NP )PP )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP (NP He )NP and (NP his family )NP )NP (VP kept (ADJP *UNK )ADJP (PP by (S (VP (VP *UNKING (NP *UNK )NP )VP , (VP selling (NP fruit )NP )VP and (VP doing (NP odd jobs )NP )VP )VP )S )PP )VP . )S  STOP
(S (NP Mr. Chan )NP (VP (VP achieved (NP a *UNK )NP (PP in (NP 1987 )NP )PP )VP -- and (VP became (NP a minor *UNK )NP (ADVP again )ADVP )VP -- (SBAR (WHADVP when )WHADVP (S (NP his story )NP (VP was (VP published (PP in (NP a weekly newspaper )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP 1988 )NP )PP , (SBAR (NP 18 months )NP after (S (NP the sixth *UNK )NP (ADVP formally )ADVP (VP endorsed (NP *UNK- private *UNK )NP )VP )S )SBAR , (NP district authorities )NP (VP allowed (S (NP Mr. Chan )NP (VP to (VP resume (NP work )NP )VP )VP )S )VP . )S  STOP
(S (PP By (NP late last year )NP )PP (NP he )NP (VP was (VP invited (ADVP back )ADVP (PP as `` (NP the tire king )NP '' )PP (S (VP to (VP display (NP his products )NP (PP at (NP a national exhibition )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP National leaders )NP (VP stopped (PP by (NP his stand )NP )PP (S (VP to (VP *UNK (NP his *UNK )NP )VP )VP )S )VP . )S  STOP
(S (NP Mr. Chan )NP (ADVP now )ADVP (VP produces (NP (NP (NP 1,000 *UNK and *UNK tires )NP (NP a month )NP )NP and (NP (NP 1,000 *UNK )NP (PP of (NP *UNKING *UNK )NP )PP )NP )NP (PP in (NP (NP the son 's )NP small house )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC people )NP )NP (VP pack (NP (NP the house 's )NP two rooms )NP -- (NP (NP the *UNKC )NP , (NP (NP four )NP (PP of (NP their 10 children )NP )PP (PP with (NP *UNK )NP )PP )NP , and (NP (NP eight )NP (PP of (NP 22 *UNK )NP )PP )NP )NP )VP . )S  STOP
(S (NP Most )NP (VP *UNK (PP on (NP the floor )NP )PP )VP . )S  STOP
(S (PP *UNKC (NP *UNK )NP )PP , (NP (NP eight family members )NP and (NP two other workers )NP )NP (VP *UNK (NP (NP a sheet )NP (PP of (NP raw *UNK )NP )PP (SBAR (WHNP that )WHNP (S (VP (VP covers (NP (NP the floor )NP (PP of (NP the house )NP )PP )NP )VP and (VP *UNK (ADVP out )ADVP (PP onto (NP the street )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The *UNK operations )NP (ADVP also )ADVP (VP burst (PP out (NP the back door )NP )PP (PP into (NP (NP a small *UNK )NP , (SBAR (WHADVP where )WHADVP (S (S (NP an *UNK press )NP (VP *UNK (NP *UNK solution )NP (PP into (NP a flat strip )NP )PP )VP )S and (S (NP (ADJP newly made )ADJP tires )NP (VP are (VP *UNKED (PP in (NP (NP a *UNK )NP (VP filled (PP with (NP water )NP )PP )VP )NP )PP )VP )VP )S )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Mr. Chan )NP (VP talks (ADVP *UNKLY )ADVP (PP of (S (VP (VP expanding )VP , (VP (ADVP maybe )ADVP (ADVP even )ADVP moving (PP into (NP the *UNK- field )NP )PP )VP )VP )S )PP )VP . )S  STOP
(S (ADVP First )ADVP , (ADVP however )ADVP , (NP he )NP (VP has (NP *UNKED business )NP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP district authorities )NP (VP allowed (S (NP him )NP (VP to (VP resume (NP manufacturing )NP )VP )VP )S )VP )S )SBAR , (NP they )NP (VP released (NP (NP only one )NP (PP of (NP his machines )NP )PP )NP )VP . )S  STOP
(S (NP They )NP (VP did n't (VP return (NP (NP the rubber stocks )NP (SBAR (WHNP that )WHNP (S (VP represent (NP his capital )NP )VP )S )SBAR )NP )VP )VP . )S  STOP
(SINV Nor did (NP they )NP (VP return (NP (NP his house and *UNK )NP , (SBAR (WHNP which )WHNP (S (NP he )NP (VP values (PP at (NP (QP about $ *UNKN )QP )NP )PP )VP )S )SBAR )NP )VP . )SINV  STOP
(S (NP He )NP (VP wants (S (VP to (VP recover (NP (NP more )NP (PP than (NP just his property )NP )PP )NP )VP )VP )S , (ADVP though )ADVP )VP . )S  STOP
(S `` (S (NP I )NP (VP want (NP my dignity )NP (PRT back )PRT )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(NP The *UNKC )NP  STOP
(S (NP *UNKC *UNKC )NP (VP seemed (NP an obvious choice )NP (SBAR (WHADVP when )WHADVP (S (NP the Vietnamese *UNKC Association )NP (VP was (VP looking (PP for (NP (NP a new editor )NP (SBAR (S (VP to (VP reform (NP (NP its weekly newspaper )NP , (NP Van *UNKC )NP )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP After (NP the sixth *UNK )NP )PP , (NP journalists )NP (VP seized (NP (NP the opportunity )NP (VP provided (PP by (NP the *UNK )NP )PP )VP )NP (S (VP to (VP probe (NP (ADJP previously *UNK )ADJP subjects )NP )VP )VP )S )VP . )S  STOP
(S (S (NP (NP Mr. *UNKC )NP , (NP 57 years old )NP , )NP (VP had (NP solid *UNK credentials )NP )VP )S : (S (NP He )NP (VP had (VP lost (NP (NP his official position )NP (PP in (NP the association )NP )PP )NP (PP in (NP he early 1980s )NP )PP (SBAR because (S (NP he )NP (VP questioned (NP (NP the *UNK )NP (PP of (NP politics )NP )PP (PP into (NP literature )NP )PP )NP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (S (VP *UNKED (NP (NP editor )NP (PP in (NP chief )NP )PP )NP (PP in (NP July 1987 )NP )PP )VP )S , (NP Mr. *UNKC )NP (ADVP rapidly )ADVP (VP turned (NP the *UNK Van *UNKC )NP (PP into (NP (NP Vietnam 's )NP hottest paper )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP soared (SBAR as (S (NP the weekly )NP (VP went (PP (ADVP way )ADVP beyond (NP standard *UNK themes )NP )PP (S (VP to (VP cover (NP (NP Vietnamese society )NP and (NP its *UNK )NP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP were (VP (VP *UNKED (PP by (NP (NP the paper 's )NP *UNK )NP )PP )VP and (VP *UNKED (PP by (NP (NP the dark side )NP (PP of (NP life )NP )PP (SBAR (S (NP it )NP (VP uncovered )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S (NP One article )NP (VP *UNKED (NP (NP a *UNK- struggle )NP (PP by (NP a *UNKED *UNK )NP )PP (S (VP to (VP prove , (ADVP officially )ADVP , (SBAR (S (NP he )NP (VP was (ADJP alive )ADJP )VP )S )SBAR )VP )VP )S )NP )VP . )S  STOP
(S (NP Another )NP (VP described (SBAR (WHADVP how )WHADVP (S (NP (NP *UNK- officials )NP (PP in (NP *UNKC *UNKC province )NP )PP )NP (NP one night )NP (VP (VP *UNKED (PP through (NP homes )NP )PP )VP and (VP *UNKED (NP rice )NP (PP from (NP *UNKING *UNK )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The newspaper )NP (ADVP also )ADVP (VP ran (NP (NP a series )NP (PP of (NP (NP controversial short stories )NP (PP by (NP (NP *UNKC *UNKC *UNKC )NP , (NP a former history *UNK )NP , (SBAR (WHNP who )WHNP (S (VP (VP *UNKED (NP debate )NP (PP over (NP (NP his interpretation )NP (PP of (NP Vietnamese culture )NP )PP )NP )PP )VP and (VP took (NP a (ADJP *UNKLY *UNKED )ADJP *UNK )NP (PP at (NP (NP writers )NP (SBAR (WHNP who )WHNP (S (VP had (VP blocked (NP (NP his entry )NP (PP into (NP their official association )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Van *UNKC )NP (ADVP quickly )ADVP (VP made (NP influential enemies )NP )VP . )S  STOP
(SINV `` (S (NP (NP (NP Those )NP (SBAR (WHNP who )WHNP (S (VP manage (NP *UNK )NP )VP )S )SBAR )NP and (NP (NP a large number )NP (PP of (NP writers )NP )PP )NP )NP (VP reacted (ADVP badly )ADVP '' (PP to (NP the *UNKED paper )NP )PP )VP )S , (VP says )VP (NP (NP *UNKC *UNKC An )NP , (NP a *UNK critic )NP )NP . )SINV  STOP
(S (PP After (NP (NP months )NP (PP of (NP internal *UNK )NP )PP )NP )PP , (NP Mr. *UNKC )NP (VP was (VP fired (NP last December )NP )VP )VP . )S  STOP
(S (NP His dismissal )NP (VP triggered (NP (NP a furor )NP (PP among (NP *UNK )NP )PP (SBAR (WHNP that )WHNP (S (VP continues (NP today )NP )VP )S )SBAR )NP )VP . )S  STOP
(SINV `` (S (PP Under (NP Mr. *UNKC )NP )PP , (NP Van *UNKC )NP (VP protected (NP (NP the people )NP (CONJP instead of )CONJP (NP the government )NP )NP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a *UNK )NP (SBAR (WHNP who )WHNP (S (VP is (NP (NP (NP the paper 's )NP bureau chief )NP (PP for (NP southern Vietnam )NP )PP )NP )VP )S )SBAR )NP )NP . )SINV  STOP
(S `` (NP The paper )NP (VP reflected (NP the truth )NP )VP . )S  STOP
(S (PP For (NP the leadership )NP )PP , (NP that )NP (VP was (ADJP too painful (SBAR (S (VP to (VP bear )VP )VP )S )SBAR )ADJP )VP . '' )S  STOP
(NP The ` *UNKC ' )NP  STOP
(S (NP *UNKC *UNKC *UNKC )NP (VP is (NP (NP (NP Vietnam 's )NP entrepreneur )NP (PP of (NP the 1980s )NP )PP )NP )VP . )S  STOP
(S (NP Her challenge )NP (VP is (S (VP to (VP keep (NP her fledgling empire )NP (PP on (NP top )NP )PP (PP in (NP the 1990s )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Mrs. *UNKC )NP (VP did n't (VP wait (PP for (NP the reforms )NP )PP (S (VP to (VP get (NP her start )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP She )NP (VP charged (ADVP ahead (PP of (NP (NP the government )NP and (NP the law )NP )NP )PP )ADVP (S (VP to (VP establish (NP *UNKC City Food Co. )NP (PP as (NP (NP the biggest rice dealer )NP (PP in (NP the country )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP Her success )NP , (SBAR (WHNP which )WHNP (S (VP included (S (VP *UNKING (NP an urban food shortage )NP (PP in (NP the early 1980s )NP )PP )VP )S )VP )S )SBAR , )NP (VP helped (VP persuade (NP *UNKC )NP (S (VP to (VP take (NP the reform path )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Her story )NP (VP is (VP becoming (NP (NP part )NP (PP of (NP local *UNK )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP A *UNK revolutionary )NP (PP with (NP little education )NP )PP (SBAR (WHNP who )WHNP (S (VP fought (NP both (NP the French )NP and (NP the *UNKED *UNKC regime )NP )NP )VP )S )SBAR , )NP (NP she )NP (VP switched (ADVP *UNKLY )ADVP (PP to (NP *UNK )NP )PP (PP after (NP the war )NP )PP )VP . )S  STOP
(S (NP Her *UNK )NP (VP were (ADJP *UNK )ADJP , (PP despite (NP her background )NP )PP )VP . )S  STOP
(S (SBAR As (S (NP she )NP (VP *UNK (PP over (NP regulations )NP )PP )VP )S )SBAR , (NP (NP only her *UNK )NP (PP with (NP (NP party leaders )NP , (PP including (NP (NP Nguyen Van *UNKC )NP , (RRC (ADVP then )ADVP (NP *UNK *UNKC *UNKC City party secretary )NP )RRC , )NP )PP )NP )PP )NP (VP kept (NP her )NP (PP out (PP of (NP jail )NP )PP )PP )VP . )S  STOP
(S (PP Following (NP (NP (NP Mr. *UNKC 's )NP appointment )NP (PP as (NP (NP *UNK- )NP (PP of (NP the party )NP )PP )NP )PP (PP at (NP the sixth *UNK )NP )PP )NP )PP , (NP Mrs. *UNKC )NP (VP has (VP become (NP (NP the *UNKING )NP (PP of (NP `` (NP *UNK *UNK )NP '' , (NP (NP the Vietnamese version )NP (PP of (NP perestroika )NP )PP )NP )NP )PP )NP )VP )VP . )S  STOP
(S (NP The authorities )NP (VP have (VP *UNKED (NP foreign reporters )NP (PP to (NP her office )NP )PP (S (VP to (VP see (NP (NP an example )NP (PP of `` (NP (NP the new way )NP (PP of (NP thinking )NP )PP )NP )PP )NP )VP )VP )S )VP )VP . '' )S  STOP
(S (NP Foreign publications )NP (VP have (VP responded (PP with (NP (NP articles )NP (VP declaring (NP her )NP (NP (NP Vietnam 's )NP *UNK woman )NP )VP )NP )PP )VP )VP . )S  STOP
(S `` (S (NP Some people )NP (VP call (S (NP me )NP (NP the communist *UNK )NP )S )VP )S , '' (NP she )NP (VP has (VP told (NP visitors )NP )VP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP *UNK- Mrs. *UNKC )NP (VP is (ADJP (ADJP about as poor )ADJP (PP as (NP (NP almost everyone else )NP (PP in (NP this *UNKED land )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (S (NP She )NP (VP has (ADVP indeed )ADVP (VP turned (NP *UNKC City Food )NP (PP into (NP a *UNKING conglomerate )NP )PP )VP )VP )S , but (S (NP (NP the company )NP (NP itself )NP )NP (VP remains (ADJP state-owned )ADJP )VP )S . )S  STOP
(S (NP She )NP (VP manages (NP it )NP (PP with (NP (NP the title )NP (PP of (NP *UNK- )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The heart )NP (PP of (NP the business )NP )PP )NP (VP is (NP (NP the purchase )NP (PP of (NP (NP rice )NP and (NP (NP other commodities )NP , (PP such as (NP corn and coffee )NP )PP , )NP )NP )PP (PP from (NP (NP farmers )NP (PP in (NP the south )NP )PP )NP )PP )NP , (S (VP paying (PP with (NP (NP fertilizer )NP , (NP farm tools )NP and (NP other items )NP )NP )PP )VP )S )VP . )S  STOP
(S (NP Last year )NP , (NP *UNKC City Food )NP (VP says (SBAR (S (NP it )NP (VP bought (NP (NP two million metric tons )NP (PP of (NP *UNKED rice )NP )PP , (NP (NP (QP more than 10 )QP % )NP (PP of (NP (NP the country 's )NP output )NP )PP )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP operates (NP (NP a fleet )NP (PP of (NP trucks and *UNK )NP )PP (SBAR (S (VP to (VP transport (NP the commodities )NP (PP to (NP its *UNK )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP A subsidiary company )NP (VP processes (NP commodities )NP (PP into (NP (NP foods )NP (PP such as (NP instant *UNK )NP )PP (SBAR (WHNP that )WHNP (S (VP are (VP sold (PP with (NP the rice )NP )PP (PP through (NP a vast retail network )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP In (NP recent years )NP )PP , (NP Mrs. *UNKC )NP (VP has (VP started (S (VP to (VP *UNK (NP the company )NP )VP )VP )S , (S (VP (VP taking (NP (NP a (ADJP 20 % )ADJP stake )NP (PP in (NP (ADJP newly established )ADJP , (ADJP partly private )ADJP (ADJP Industrial and Commercial )ADJP Bank )NP )PP )NP )VP , and (VP setting (PRT up )PRT (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP owns and operates (NP (NP Vietnam 's )NP first oil refinery )NP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Mrs. Thi )NP (VP says (SBAR (S (NP *UNKC City Food )NP (NP last year )NP (VP increased (NP pretax profit )NP (NP 60 % )NP (PP to (NP (NP the equivalent )NP (PP of (NP (QP about $ 2.7 million )QP )NP )PP )NP )PP (PP on (NP (NP sales )NP (PP of (NP (QP $ 150 million )QP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP She )NP (VP expects (S (NP both revenue and profit )NP (VP to (VP gain (NP this year )NP )VP )VP )S )VP . )S  STOP
(S (NP She )NP (VP is (ADJP almost *UNK (PP about (NP the possibility (SBAR (S (NP (NP Vietnam 's )NP reforms )NP (VP will (VP create (NP (NP rivals )NP (PP on (NP her home turf )NP )PP )NP )VP )VP )S )SBAR )NP )PP )ADJP )VP . )S  STOP
(S `` (S (NP I )NP (VP do n't (VP mind (NP (NP the competition )NP (PP inside (NP the country )NP )PP )NP )VP )VP )S , '' (NP she )NP (VP says )VP . )S  STOP
(S `` (NP I )NP (VP am (ADVP only )ADVP (ADJP afraid (SBAR that (S (PP with (NP (NP Vietnam 's )NP *UNK- products )NP )PP (NP we )NP (VP ca n't (VP compete (PP with (NP neighboring countries )NP )PP )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (S (NP (NP The earthquake )NP (SBAR (WHNP that )WHNP (S (VP hit (NP the San Francisco Bay area )NP )VP )S )SBAR )NP (VP is n't (ADJP likely (S (VP to (VP result (PP in (NP (NP wholesale *UNKING )NP (PP of (NP bond ratings )NP )PP )NP )PP )VP )VP )S )ADJP )VP )S , (NP (NP officials )NP (PP at (NP the two major rating agencies )NP )PP )NP (VP said )VP . )S  STOP
(SINV (S (S (NP (NP Standard & Poor 's )NP Corp. )NP (VP is (VP reviewing (NP (NP debt )NP (VP issued (PP by (NP 12 California *UNK )NP )PP )VP )NP )VP )VP )S , and `` (S (NP there )NP (VP are (NP potential isolated problems )NP )VP )S )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP a managing director )NP )NP . )SINV  STOP
(S (NP The agency )NP (VP is (VP preparing (NP (NP a report )NP , (SBAR (S (VP to (VP be (VP issued (NP today )NP )VP )VP )VP )S )SBAR , (PP on (NP (NP (NP the earthquake 's )NP impact )NP (PP on (NP the (ADJP *UNK- and *UNK- )ADJP industry )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP The only securities )NP (SBAR (S (ADVP so far )ADVP (VP to (VP be (VP *UNKED (PRT out )PRT )VP )VP )VP )S )SBAR )NP (VP are (NP (NP those )NP (VP issued (PP by (NP Bay View Federal Savings & Loan )NP )PP )VP )NP )VP . )S  STOP
(S (NP (NP Moody 's )NP Investors Service Inc. )NP (VP said (SBAR (S (NP it )NP (VP is (VP reviewing , (PP with (NP (NP an eye )NP (PP toward (NP a possible *UNK )NP )PP )NP )PP , (NP (NP the ratings )NP (PP on (NP (NP Bay View Federal bonds )NP , (NP long-term deposits )NP and (NP (NP the *UNK- rating )NP (PP of (NP (NP its parent company )NP , (NP Bay View Capital Corp )NP )NP )PP )NP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP As (PP for (NP property and casualty insurers )NP )PP )PP , (NP Moody 's )NP (VP said (SBAR (S `` (S (NP preliminary estimates )NP (VP suggest (SBAR that (S (NP losses )NP (VP should not (VP have (NP (NP a significant impact )NP (PP on (NP (NP most insurers ' )NP financial condition )NP )PP )NP )VP )VP )S )SBAR )VP )S , '' but (S (NP it )NP `` (VP raises (NP (NP concerns )NP (PP about (NP (ADJP potentially substantial )ADJP risks )NP )PP '' (ADJP *UNK- )ADJP )NP )VP )S )S )SBAR )VP . )S  STOP
(S `` (NP (NP *UNKC )NP (PP from (NP the earthquake )NP )PP )NP (VP are (VP expected (S (VP to (VP be (PP of (NP (NP similar *UNK )NP (PP to (NP (NP those )NP (PP of (NP Hurricane Hugo )NP )PP )NP )PP )NP )PP )VP )VP )S , '' (PP according (PP to (NP Moody 's )NP )PP )PP )VP )VP . )S  STOP
(S (NP (NP Your Oct. 5 editorial )NP `` (NP A Democratic Tax *UNKC )NP '' )NP (VP contained (NP an error )NP )VP . )S  STOP
(S (PP In (NP the third *UNK )NP )PP (NP it )NP (VP referred (PP to (NP (NP the senators )NP (VP seeking (NP *UNK suggestions )NP (PP from (NP (NP lobbyists )NP (PP for (NP (NP various sectors )NP (PP of (NP the economy )NP )PP )NP )PP )NP )PP )VP )NP )PP )VP . )S  STOP
(FRAG (PP Among (NP them )NP )PP , `` (NP *UNK farmers )NP . '' )FRAG  STOP
(S (NP (NP The only significant commercial *UNK farmers )NP (PP in (NP the U.S. )NP )PP )NP (VP are (PP in (NP Hawaii )NP )PP )VP . )S  STOP
(S (NP (NP The Hawaii *UNKC Industry Association )NP , (SBAR (WHPP to (WHNP which )WHNP )WHPP (S (NP (NP nearly all )NP (PP of (NP them )NP )PP )NP (VP belong )VP )S )SBAR , )NP (VP has (NP no lobbyist )NP )VP . )S  STOP
(NP (NP Thomas V. *UNKC *UNK . )NP (NP *UNKC *UNKC Co . )NP )NP  STOP
(S (NP Western Digital Corp. )NP (VP reported (NP (NP a net loss )NP (PP of (NP (NP (QP $ 2.7 million )QP )NP , or (NP (NP nine cents )NP (NP a share )NP )NP , )NP )PP )NP (PP for (NP (NP its first quarter )NP (VP ended (NP Sept. 30 )NP )VP )NP )PP , (S (VP citing (NP (NP factors )NP (ADJP (ADJP as *UNKED )ADJP (PP as (NP (NP hurricane damage )NP , (NP (NP an advance )NP (PP in (NP graphics technology )NP )PP )NP and (NP the strengthening dollar )NP )NP )PP )ADJP )NP )VP )S )VP . )S  STOP
(S (PP In (NP the year-ago period )NP )PP , (NP the company )NP (VP earned (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 45 cents )NP (NP a share )NP )NP )NP , (PP on (NP (NP sales )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP (NP Sales )NP (PP for (NP the *UNKED period )NP )PP )NP (VP fell (PP to (NP (QP about $ 225 million )QP )NP )PP )VP )S , (NP (NP the maker )NP (PP of (NP computer parts )NP )PP )NP (VP said )VP . )S  STOP
(S (ADVP Nonetheless )ADVP , (NP Chairman Roger W. Johnson )NP (VP said (SBAR (S (NP he )NP (VP expects (S (NP the company )NP (VP to (VP be (ADJP profitable )ADJP (PP in (NP the current quarter )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP We )NP (VP are (VP positioned (S (VP to (VP come (ADVP through )ADVP )VP )VP )S )VP )VP )S , '' (NP he )NP (VP said , (S (VP noting (SBAR that (S (NP (NP the company 's )NP backlog )NP (VP was (ADVP up (PP from (NP the previous quarter )NP )PP )ADVP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (PP In (NP its second quarter )NP )PP (NP last year )NP , (NP Western Digital )NP (VP earned (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 44 cents )NP (NP a share )NP )NP )NP , (PP on (NP (NP sales )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Mr. Johnson )NP (VP said (SBAR (S (NP (NP (NP Western Digital 's )NP plant )NP (PP in (NP Puerto Rico )NP )PP )NP (VP was (VP affected (PP by (NP Hurricane Hugo )NP )PP )VP )VP )S )SBAR )VP , (VP losing (NP (NP three days ' )NP production )NP (PP because of (NP (NP the storm )NP , (SBAR (WHNP which )WHNP (S (VP *UNKED (NP (NP much )NP (PP of (NP (NP the Caribbean island 's )NP infrastructure )NP )PP )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (SBAR Although (S (NP (NP the plant )NP (NP itself )NP )NP (VP was n't (VP damaged )VP )VP )S )SBAR , (NP Mr. Johnson )NP (VP said (SBAR (S (NP (NP millions )NP (PP of (NP dollars )NP )PP (PP in (NP *UNK- revenue )NP )PP )NP (VP were (VP lost )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The revenue )NP (VP will (VP be (VP *UNKED (PP in (NP the current period )NP )PP )VP )VP )VP )S , (NP he )NP (VP added )VP . )S  STOP
(S (S (NP There )NP (VP are (NP no plans (S (VP to (VP *UNK (NP a common stock dividend )NP )VP )VP )S )NP )VP )S , (NP Mr. Johnson )NP (VP said , (S (VP explaining (SBAR that (S (NP the board )NP (VP continues (S (VP to (VP believe (SBAR (S (NP shareholders )NP (VP are (VP (ADVP best )ADVP served (PP by (S (VP *UNKING (NP excess cash )NP )VP )S )PP )VP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP Mr. Johnson )NP (VP said (SBAR (S (NP the first-quarter loss )NP (ADVP also )ADVP (VP (ADVP heavily )ADVP reflected (NP (NP a rapid change )NP (PP in (NP (NP graphics )NP technology )NP )PP (SBAR (WHNP that )WHNP (S (VP left (NP *UNK channels )NP (PP with (NP (NP (NP too many )NP (PP of (NP the old computer graphics boards )NP )PP )NP and (NP (NP (ADJP too few )ADJP new *UNK )NP (ADJP *UNK (PP with (NP the new graphics boards )NP )PP )ADJP )NP )NP )PP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Western Digital )NP (VP does n't (VP make (NP the *UNK )NP )VP )VP . )S  STOP
(S (NP (NP An accelerating move )NP (PP by (NP personal computer manufacturers ' )NP )PP (SBAR (S (VP to (VP include (NP advanced graphics *UNK )NP (PP as (NP standard equipment )NP )PP )VP )VP )S )SBAR )NP (ADVP further )ADVP (VP *UNKED (NP (NP *UNK purchases )NP (PP of (NP (NP Western Digital 's )NP equipment )NP )PP )NP )VP . )S  STOP
(S `` (S (NP (NP (NP The other areas )NP (PP of (NP the business )NP )PP )NP -- (NP storage and *UNK )NP -- )NP (VP were (ADJP very good )ADJP )VP )S , '' (NP Mr. Johnson )NP (VP said )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP Western Digital )NP (VP has (VP (VP reacted (ADVP swiftly )ADVP (PP to (NP (NP the movement )NP (PP to (NP video graphics array (PRN , *UNKC , )PRN graphics technology )NP )PP (PP from (NP the old enhanced graphics *UNK (PRN , (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP has (NP a lower resolution standard )NP )VP )S )SBAR , )NP )PRN technology )NP )PP )NP )PP )VP and (VP (ADVP now )ADVP is (NP (NP one )NP (PP of (NP (NP the leading producers )NP (PP of (NP these newer units )NP )PP )NP )PP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Other makers )NP (PP of (NP video *UNK equipment )NP )PP )NP (ADVP also )ADVP (VP were (VP caught (PP in (NP the *UNKC shift )NP )PP )VP )VP )S (PRN , (S (NP he )NP (VP said )VP )S , )PRN `` but (S (NP we )NP (VP were (ADJP able (S (VP to (VP respond (ADVP much more quickly )ADVP )VP )VP )S )ADJP )VP )S . '' )S  STOP
(S (ADVP Still )ADVP (PRN , (S (NP Mr. Johnson )NP (VP said )VP )S , )PRN `` (NP our stock )NP (VP is (ADVP *UNKLY undervalued )ADVP )VP . '' )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP the company )NP (VP has (VP cut (NP operating expenses )NP (PP by (NP (QP about 10 )QP % )NP )PP (PP over (NP the last few quarters )NP )PP , (SBAR while (S (VP maintaining (NP research and development )NP (PP at (NP (NP (QP about 8 % to 9 % )QP )NP (PP of (NP sales )NP )PP )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (PP As (NP (NP part )NP (PP of (NP (NP its reorganization )NP (NP this week )NP )NP )PP )NP )PP , (NP Western Digital )NP (VP has (VP divided (NP its business )NP (PP into (NP (NP two segments )NP -- (NP (NP (NP storage products )NP , (PP including (NP (NP *UNK )NP and (NP disk drives )NP )NP )PP )NP ; and (NP (NP *UNK products )NP , (SBAR (WHNP which )WHNP (S (VP include (NP graphics , communications and *UNK control chips )NP )VP )S )SBAR )NP )NP )NP )PP )VP )VP . )S  STOP
(S (NP Graphics , communications and *UNK control chips )NP (VP were (VP combined (SBAR because , (S (ADVP increasingly )ADVP , (NP multiple functions )NP (VP are (VP being (VP *UNKED (PP by (NP a single chip )NP )PP )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP includes (NP (NP computer *UNK )NP and (NP *UNK- disk drives )NP )NP )VP )S )SBAR , )NP (VP represents (NP (NP nearly two-thirds )NP (PP of (NP (NP the company 's )NP business )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC drives )NP , (SBAR (WHNP which )WHNP (S (VP allow (S (NP a computer )NP (VP to (VP access (NP its memory )NP )VP )VP )S )VP )S )SBAR , )NP (VP generated (NP (ADJP (NP 38 % )NP more )ADJP revenue )NP (PP in (NP the (ADJP most recent )ADJP period )NP )PP (PP compared (PP with (NP (NP the fiscal first quarter )NP (ADVP (NP a year )NP earlier )ADVP )NP )PP )PP )VP . )S  STOP
(S (NP Computer parts )NP (VP are (VP (VP getting (ADJP ever smaller )ADJP )VP (PRN , (S (NP Mr. Johnson )NP (VP said )VP )S )PRN , (NP (NP a shrinking )NP (SBAR (WHNP that )WHNP (S (VP has (VP *UNKED (NP *UNK )NP (PP into (NP (NP position )NP (PP as (NP (NP the fastest-growing segment )NP (PP of (NP the computer business )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (SBAR As (S (NP (ADJP (ADJP smaller )ADJP and (ADJP more powerful )ADJP )ADJP computers )NP (VP continue (S (VP to (VP be (NP (NP the focus )NP (PP of (NP the industry )NP )PP )NP )VP )VP )S )VP )S )SBAR (PRN , (S (NP he )NP (VP said )VP )S , )PRN (NP Western Digital )NP (VP is (VP strengthening (NP (NP development )NP (PP of (NP laptop parts )NP )PP )NP )VP )VP . )S  STOP
(S (NP Next year )NP (NP Western Digital )NP (VP plans (S (VP to (VP consolidate (NP its operations )NP (PP from (NP (NP 11 buildings )NP (PP in (NP *UNKC )NP )PP )NP )PP (PP into (NP (NP (NP two buildings )NP (PP in (NP the same city )NP )PP )NP (NP (NP a new headquarters )NP and (PRN , (ADVP (NP a block )NP away )ADVP , )PRN (NP a modern (ADJP (QP $ 100 million )QP )ADJP *UNK *UNK *UNK plant )NP )NP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The plan )NP (VP will (VP help (NP the company )NP (PP in (NP (NP its existing joint manufacturing agreement )NP (PP with (NP AT&T )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP About half )NP (PP of (NP (NP Western Digital 's )NP business )NP )PP )NP (VP is (ADVP overseas )ADVP )VP )S , and (S (NP Mr. Johnson )NP (VP expects (S (NP that proportion )NP (VP to (VP continue )VP )VP )S )VP )S . )S  STOP
(S (NP *UNKC (S (VP to (VP *UNK (NP (NP many )NP (PP of (NP (NP the trade barriers )NP (PP within (NP Europe )NP )PP )NP )PP )NP (PP in (NP 1992 )NP )PP )VP )VP )S )NP (VP creates (NP (NP significant opportunities )NP (PP for (NP the company )NP )PP )NP (PRN , (S (NP he )NP (VP said )VP )S , )PRN (SBAR (ADVP particularly )ADVP since (S (NP Western Digital )NP (ADVP already )ADVP (VP *UNK (ADVP there )ADVP )VP )S )SBAR )VP . )S  STOP
(S (S (VP *UNKING (PP on (NP that presence )NP )PP )VP )S , (NP Western Digital )NP (VP is (VP launching (NP a major effort (S (VP to (VP develop (NP (NP the *UNK *UNK market )NP (PP in (NP Europe )NP )PP )NP )VP )VP )S )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP state-owned *UNKC *UNKC *UNK *UNKC )NP )PP )NP (VP approved (NP (NP a *UNK- *UNKING transaction )NP and (NP (NP a change )NP (PP in (NP (NP the bank 's )NP rules )NP )PP (SBAR (WHNP that )WHNP (S (VP will (VP help (S (NP it )NP (VP operate (PP (ADVP more )ADVP like (NP a private-sector institution )NP )PP )VP )S )VP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (PP Until (ADVP now )ADVP )PP , (NP (NP (NP BNL 's )NP top managers )NP and (NP its directors )NP )NP (VP have (VP been (VP appointed (PP by (NP a Treasury *UNK )NP )PP )VP )VP )VP . )S  STOP
(S But (PP under (NP (NP the bank 's )NP proposed *UNK )NP )PP , (NP (NP an assembly )NP (PP of (NP shareholders )NP )PP )NP (VP must (VP approve (NP board members )NP )VP )VP . )S  STOP
(S (NP (NP (NP The bank 's )NP chairman and director general )NP , (SBAR (WHNP who )WHNP (S (ADVP also )ADVP (VP sit (PP on (NP the board )NP )PP )VP )S )SBAR , )NP (ADVP still )ADVP (VP would (VP be (VP appointed (PP by (NP the Treasury )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP BNL )NP , (SBAR (WHNP which )WHNP (S (VP is (VP controlled (PP by (NP the Italian Treasury )NP )PP )VP )VP )S )SBAR , )NP (VP was (VP *UNKED (PP by (NP (NP the disclosure )NP (NP last month )NP (SBAR that (S (NP its Atlanta branch )NP (VP extended (NP (NP (QP more than $ 3 billion )QP )NP (PP in (NP unauthorized credits )NP )PP )NP (PP to (NP *UNKC )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP The *UNKING scandal )NP , (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP (NP the bank 's )NP management )NP (VP resigned )VP )S )SBAR , )NP (VP has (VP helped (S (VP *UNK (NP (NP calls )NP (PP for (NP (NP privatization )NP , or (NP (ADVP at least )ADVP an overhaul )NP , (PP of (NP (NP (NP Italy 's )NP banking system )NP , (SBAR (WHNP which )WHNP (S (VP is (ADJP (NP (QP about 80 )QP % )NP state-controlled )ADJP )VP )S )SBAR )NP )PP )NP )PP )NP )VP )S )VP )VP . )S  STOP
(S (PP In (NP a related move )NP )PP , (NP the bank )NP (ADVP also )ADVP (VP proposed (SBAR that (S (NP board representation )NP (VP be (VP linked (ADVP more closely )ADVP (PP to (NP (NP the bank 's )NP new *UNKING structure )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP BNL )NP (VP called (NP (NP a shareholders ' )NP assembly meeting )NP (PP in (NP December )NP )PP (S (VP to (VP vote (PP on (NP the proposals )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP BNL )NP (VP has (NP (NP (QP about *UNKN )QP *UNKING shares )NP (SBAR (WHNP that )WHNP (S (VP are (VP listed (PP on (NP the Milan Stock Exchange )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP The shares )NP (VP were (VP suspended (PP from (NP trading )NP )PP (PP following (NP (NP disclosure )NP (PP of (NP the Atlanta scandal )NP )PP )NP )PP )VP )VP )S ; (S (NP (NP *UNKC )NP , (NP the stock exchange regulatory body )NP , )NP (ADVP reportedly )ADVP (VP will (VP decide (ADVP soon )ADVP (SBAR whether (S (VP to (VP end (NP the trading suspension )NP )VP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (S (NP (NP Switzerland 's )NP wholesale price index )NP (VP (VP increased (NP 0.3 % )NP (PP in (NP September )NP )PP (PP from (NP August )NP )PP )VP , and (VP was (PP up (NP 3.9 % )NP (PP from (ADVP (NP a year )NP ago )ADVP )PP )PP )VP , (S (VP marking (NP (NP the first time )NP (NP this year )NP (SBAR (WHADVP that )WHADVP (S (NP the index )NP (VP has (VP fallen (PP below (NP 4 % )NP )PP (PP on (NP a *UNK- basis )NP )PP )VP )VP )S )SBAR )NP )VP )S )VP )S , (NP the government )NP (VP reported )VP . )S  STOP
(S (NP The government )NP (VP attributed (NP (NP the (ADJP 0.3 % )ADJP *UNK- rise )NP (PP in (NP the index )NP )PP )NP (PP (ADVP largely )ADVP to (NP higher energy prices )NP )PP )VP . )S  STOP
(S (PP In (NP August )NP )PP , (NP the index )NP (VP (VP was (ADVP up (NP 0.2 % )NP (PP from (NP the previous month )NP )PP )ADVP )VP , and (VP was (ADVP up (NP 4.5 % )NP (PP on (NP a *UNK- basis )NP )PP )ADVP )VP )VP . )S  STOP
(S (NP The wholesale price index )NP , (S (VP based (PP on (NP (NP 1963 )NP (PP as (NP 100 )NP )PP )NP )PP )VP )S , (VP was (NP *UNKN )NP (PP in (NP September )NP )PP )VP . )S  STOP
(S (NP American Express Co. )NP (VP posted (NP (NP a (ADJP 21 % )ADJP increase )NP (PP in (NP third quarter net income )NP )PP )NP (PP despite (NP (NP a sharp rise )NP (PP in (NP (NP reserves )NP (PP for (NP Third World loans )NP )PP )NP )PP (PP at (NP its banking unit )NP )PP )NP )PP )VP . )S  STOP
(S (S (VP *UNKED (PP by (NP (NP a sharp gain )NP (PP in (NP its travel business )NP )PP )NP )PP )VP )S , (NP American Express )NP (VP said (SBAR (S (NP net )NP (VP rose (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 77 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 64 cents )NP (NP a share )NP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The year-earlier figures )NP (VP included (NP (NP (NP (QP $ 9.9 million )QP )NP , or (NP (NP three cents )NP (NP a share )NP )NP )NP , (PP in (NP (NP income )NP (PP from (NP discontinued operations )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Income )NP (PP from (NP continuing operations )NP )PP )NP (VP was (ADVP up (NP 26 % )NP )ADVP )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP 24 % )NP (PP to (NP (QP $ 6.5 billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP The travel , investment services , insurance and banking concern )NP (VP added (NP (QP $ 110 million )QP )NP (PP to (NP (NP reserves )NP (PP for (NP credit losses )NP )PP (PP at (NP its American Express Bank unit )NP )PP )NP )PP , (S (VP boosting (NP the reserve )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP as (PP of (NP Sept. 30 )NP )PP )PP )VP )S )VP . )S  STOP
(S (NP (NP The bank 's )NP Third World debt portfolio )NP (VP totals (NP (QP $ *UNKN million )QP )NP , (ADVP down (PP from (NP (QP $ 2.2 billion )QP )NP (PP at (NP (NP the end )NP (PP of (NP 1986 )NP )PP )NP )PP )PP )ADVP )VP . )S  STOP
(S (NP The bank )NP (VP charged (PRT off )PRT (NP (NP (QP $ 53 million )QP )NP (PP in (NP loans )NP )PP )NP (PP during (NP the quarter )NP )PP )VP . )S  STOP
(S (PP At (NP the American Express Travel *UNKED Services Co. unit )NP )PP , (NP net )NP (VP rose (NP 17 % )NP (PP to (NP a record (QP $ *UNKN million )QP )NP )PP (PP on (NP a (ADJP 19 % )ADJP revenue increase )NP )PP )VP . )S  STOP
(S (NP The figures )NP (VP exclude (NP (NP businesses )NP (VP (ADVP now )ADVP organized (PP as (NP American Express Information Services Co )NP )PP )VP )NP )VP . )S  STOP
(S (NP American Express card charge volume )NP (VP rose (NP 12 % )NP )VP . )S  STOP
(S (NP Travel sales )NP (VP rose (NP 11 % )NP , (S (VP led (PP by (NP (NP gains )NP (PP in (NP the U.S. )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (PP At (NP (NP *UNKC Financial Services )NP , (NP the financial planning and mutual fund unit )NP , )NP )PP (NP net )NP (VP rose (NP 19 % )NP (PP to (NP a record (QP $ *UNKN million )QP )NP )PP (PP on (NP a (ADJP 33 % )ADJP revenue gain )NP )PP )VP . )S  STOP
(S (S (NP (NP Assets )NP (VP owned or managed )VP )NP (VP rose (NP 20 % )NP (PP to (NP (QP $ 45 billion )QP )NP )PP )VP )S , and (S (NP mutual fund sales )NP (VP rose (NP 45 % )NP (PP in (NP the quarter )NP )PP (PP to (NP (QP $ *UNKN million )QP )NP )PP )VP )S . )S  STOP
(S (NP American Express Bank earnings )NP (VP fell (NP 50 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP (PP despite (NP a (ADJP 29 % )ADJP revenue gain )NP )PP )VP . )S  STOP
(S (NP The results )NP (VP include (NP (NP (QP $ 106 million )QP )NP (PP of (NP (NP tax benefits )NP (VP associated (PP with (NP (NP previous years ' )NP Third World loan activity )NP )PP )VP )NP )PP , (PP compared (PP with (NP (NP (QP $ 15 million )QP )NP (ADVP (NP a year )NP earlier )ADVP )NP )PP )PP )NP )VP . )S  STOP
(S (NP Profit )NP (VP rose (NP 38 % )NP (PP at (NP American Express Information Services )NP )PP (PP to (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (S (NP Shearson Lehman Hutton Holdings Inc. )NP , (SBAR as (S (ADVP previously )ADVP (VP reported )VP )S )SBAR , (VP had (NP (NP net )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP , (S (VP *UNKING (NP (NP a (ADJP (QP $ 3.5 million )QP )ADJP loss )NP (ADVP (NP a year )NP earlier )ADVP )NP )VP )S )VP )S ; (S (NP its latest results )NP (VP include (NP (NP a (ADJP (QP $ 37 million )QP )ADJP gain )NP (PP from (NP (NP the sale )NP (PP of (NP an institutional money management business )NP )PP )NP )PP )NP )VP )S . )S  STOP
(S (S (NP (NP (NP American Express 's )NP share )NP (PP of (NP (NP Shearson 's )NP earnings )NP )PP )NP (VP was (NP (NP (QP $ 41 million )QP )NP , (PP after (NP preferred stock dividends )NP )PP )NP )VP )S ; (S (NP it )NP (VP owns (NP (NP (QP about 68 )QP % )NP (PP of (NP (NP Shearson 's )NP common )NP )PP )NP )VP )S . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP American Express )NP (VP said (SBAR (S (NP net )NP (VP rose (NP 11 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP 24 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP *UNKC Inc. )NP , (S (VP hampered (PP by (NP (NP a slowdown )NP (PP in (NP its defense sales )NP )PP )NP )PP )VP )S , (VP reported (NP (NP an (ADJP 8 % )ADJP decline )NP (PP in (NP per-share earnings )NP )PP (PP on (NP nearly flat revenue )NP )PP )NP (PP for (NP its third quarter )NP )PP )VP . )S  STOP
(S (NP The aerospace and financial services concern )NP (VP said (SBAR (S (NP net income )NP (VP fell (NP 5 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Revenue )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP (VP was (ADJP almost unchanged (PP from (NP (NP last year 's )NP (QP $ *UNKN billion )QP )NP )PP )ADJP )VP . )S  STOP
(S (NP (NP Per-share net )NP (PP of (NP 66 cents )NP )PP )NP , (ADVP down (PP from (NP 72 cents )NP )PP )ADVP , (VP fell (PP by (NP (NP more )NP (PP than (NP overall net )NP )PP )NP )PP (PP because of (NP (NP more shares )NP (ADJP outstanding )ADJP )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR that (S (NP (NP improved results )NP (PP in (NP its financial-services sector )NP )PP )NP (VP were (VP *UNKED (PP by (NP (NP (NP increased costs )NP (PP in (NP its government contract business )NP )PP )NP , (NP (NP lower operating earnings )NP (PP in (NP its *UNK- sector )NP )PP )NP and (NP soft automotive markets )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Net )NP (VP was (VP aided (PP by (NP a lower income tax rate )NP )PP )VP )VP . )S  STOP
(S (NP (NP Profit )NP (PP before (NP taxes )NP )PP )NP (VP fell (NP 17 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP *UNKC )NP (VP reported (NP (NP net )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP )NP (PP on (NP (NP revenue )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP )PP )VP . )S  STOP
(S (ADVP (NP A year )NP ago )ADVP , (NP net )NP (VP was (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP (PP on (NP (NP revenue )NP (PP of (NP (QP $ 5.3 billion )QP )NP )PP )NP )PP )VP . )S  STOP
(S (NP The nine-month results )NP (VP included (NP (NP (NP a (ADJP (QP $ 9.5 million )QP )ADJP special charge )NP (PP in (NP 1989 )NP )PP (PP for (NP (NP an *UNK settlement )NP (VP related (PP to (NP past export sales )NP )PP )VP )NP )PP )NP , and (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP extraordinary charges )NP )PP (PP in (NP 1988 )NP )PP (VP related (PP to (NP (NP (NP a former line )NP (PP of (NP business )NP )PP )NP and (NP (NP early redemption )NP (PP of (NP debt )NP )PP )NP )NP )PP )VP )NP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR that (S (NP (NP *UNK- ' )NP results )NP (VP (VP do n't (VP include (NP (NP earnings )NP (PP of (NP (NP *UNKC PLC )NP , (NP (NP a British maker )NP (PP of (NP industrial *UNK )NP )PP )NP , )NP )PP )NP )VP )VP but (VP do (VP include (NP (NP interest costs )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP (PP on (NP (NP borrowings )NP (VP related (PP to (NP (NP the proposed purchase )NP (PP of (NP *UNKC )NP )PP )NP )PP )VP )NP )PP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP A federal judge )NP (VP has (VP issued (NP (NP a preliminary injunction )NP (PP against (NP the purchase )NP )PP )NP (PP because of (NP Federal Trade Commission concerns (SBAR that (S (NP the transaction )NP (VP would (VP reduce (NP (NP competition )NP (PP in (NP (NP the production )NP (PP of (NP (NP two kinds )NP (PP of (NP *UNK )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (PP For (NP the quarter )NP )PP , (NP *UNKC )NP (VP said (SBAR (S (NP (NP aerospace revenue )NP , (PP including (NP (NP Bell helicopter )NP and (NP *UNK- manufacture )NP )NP )PP , )NP (VP (VP declined (NP *UNKN % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP , (NP (NP an indication )NP (PP of (NP slowing government defense work )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (SBAR As (S (NP (NP the Hunt brothers ' )NP personal bankruptcy cases )NP (VP *UNK (PP into (NP their second year )NP )PP )VP )S )SBAR , (NP Minpeco S.A. )NP (VP has (VP proposed (NP (NP a deal )NP (SBAR (S (VP to (VP settle (NP (NP its huge claim )NP (PP against (NP the troubled Texas oil men )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S But (NP the plan )NP (ADVP only )ADVP (VP *UNK (S (VP to (VP *UNK (NP (NP the tension and confusion )NP (VP (ADVP already )ADVP surrounding (NP (NP the cases )NP (SBAR (WHNP that )WHNP (S (VP were (VP filed (PP in (NP September 1988 )NP )PP )VP )VP )S )SBAR )NP )VP )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP The *UNKC *UNK concern 's )NP (ADJP (QP $ *UNKN million )QP )ADJP claim )NP (VP stems (PP from (NP (NP 1988 jury award )NP (PP in (NP (NP a case )NP (VP stemming (PP from (NP (NP the brothers ' )NP alleged attempts (S (VP to (VP corner (NP the *UNKN silver market )NP )VP )VP )S )NP )PP )VP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Minpeco )NP (ADVP now )ADVP (VP says (SBAR (S (NP it )NP (VP is (ADJP willing (S (VP to (VP settle (PP for (NP (NP (QP up to $ *UNKN million )QP )NP (PP from (NP each brother )NP )PP )NP )PP )VP )VP )S )ADJP )VP )S )SBAR , (SBAR although (S (NP the actual amount )NP (VP would (ADVP probably )ADVP (VP be (ADJP much less )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Although (S (NP the proposal )NP (VP must (VP be (VP approved (PP by (NP federal Judge Harold C. Abramson )NP )PP )VP )VP )VP )S )SBAR , (NP W. Herbert Hunt )NP (VP has (VP agreed (PP to (NP (NP the *UNKC *UNK concern 's )NP proposal )NP )PP )VP )VP . )S  STOP
(S (NP Nelson *UNKC Hunt )NP (VP is (VP considering (NP it )NP , (SBAR although (S (NP his attorney )NP (VP says (SBAR (S (NP he )NP (VP wo n't (VP do (NP it )NP (SBAR if (S (NP the proposal )NP (VP *UNK (NP (NP a tentative settlement )NP (SBAR (S (NP he )NP (VP has (VP reached (PP with (NP (NP the Internal Revenue Service )NP , (SBAR (WHNP which )WHNP (S (VP (VP claims (SBAR (S (NP the brothers )NP (VP owe (NP (NP (QP $ 1 billion )QP )NP (PP in (NP back taxes )NP )PP )NP )VP )S )SBAR )VP and (VP is (PP by (ADVP far )ADVP )PP (NP (NP the biggest creditor )NP (PP in (NP both cases )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP The tentative agreement )NP (PP between (NP (NP the IRS )NP and (NP Nelson *UNKC Hunt )NP )NP )PP )NP (VP is (VP awaiting (NP U.S. Justice Department approval )NP )VP )VP . )S  STOP
(S (PP Under (NP it )NP )PP , (NP (NP the former billionaire 's )NP assets )NP (VP would (VP be (VP liquidated (PP with (S (S (NP the IRS )NP (VP getting (NP (NP 80 % )NP (PP of (NP the proceeds )NP )PP )NP )VP )S and (S (NP the rest )NP (VP being (VP divided (PP among (NP (NP other creditors )NP , (PP including (NP (NP Minpeco )NP and (NP (NP Manufacturers Hanover Trust Co. )NP , (SBAR (WHNP which )WHNP (S (VP is (VP seeking (NP (NP repayment )NP (PP of (NP a (ADJP (QP $ 36 million )QP )ADJP loan )NP )PP )NP )VP )VP )S )SBAR )NP )NP )PP )NP )PP )VP )VP )S )S )PP )VP )VP )VP . )S  STOP
(S (NP A *UNK proposal )NP (VP has (VP been (VP made (PP in (NP the W. Herbert Hunt case )NP )PP (SBAR although (S (NP (NP he )NP and (NP the IRS )NP )NP (VP are (PP at (NP odds )NP )PP (PP over (NP (NP the size )NP (PP of (NP (NP the *UNK- debt )NP (SBAR (S (NP he )NP (VP would (VP have (S (VP to (VP pay (PP to (NP the government )NP )PP (PP from (NP future earnings )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP )PP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (PP In (NP both cases )NP )PP , (NP (NP Minpeco )NP and (NP Manufacturers Hanover )NP )NP (VP have (VP been (VP fighting (ADVP *UNKLY )ADVP (PP over (NP (NP their shares )NP (PP of (NP the *UNK )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (PP With (NP (NP support )NP (PP from (NP the IRS )NP )PP )NP )PP , (NP Manufacturers Hanover )NP (VP has (VP filed (NP suit )NP (S (VP asking (NP Judge Abramson )NP (S (VP to (VP *UNK (NP (NP Minpeco 's )NP claim )NP (PP to (NP (NP those )NP (PP of (NP (NP *UNKC Hanover )NP and (NP the IRS )NP )NP )PP )NP )PP )VP )VP )S )VP )S )VP )VP . )S  STOP
(S (NP Minpeco )NP (VP has (VP threatened (NP (NP a `` *UNK '' )NP (PP of (NP litigation )NP )PP (SBAR if (S (NP the Manufacturers Hanover Corp. unit )NP (VP attempts (S (VP to (VP force (NP such a plan )NP (PP through (NP the court )NP )PP )VP )VP )S )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP Minpeco )NP (VP said (SBAR (S (NP it )NP (VP would n't (VP pursue (NP such litigation )NP (SBAR if (S (NP (NP its settlement plan )NP (PP in (NP the W. Herbert Hunt case )NP )PP )NP (VP is (VP approved (PP by (NP (NP Judge Abramson )NP , (SBAR (WHNP who )WHNP (S (VP will (VP consider (NP the proposal )NP (PP at (NP a hearing )NP )PP (NP next week )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Minpeco attorney Thomas *UNKC )NP (VP *UNKED (NP the plan )NP (PP as (NP (NP one step )NP (PP toward (NP (NP an overall settlement )NP (PP of (NP the W. Herbert Hunt case )NP )PP )NP )PP )NP )PP )VP )S but (S (NP (NP *UNKC Ray )NP , (NP (NP attorney )NP (PP for (NP Manufacturers Hanover )NP )PP )NP , )NP (VP (VP called (S (NP it )NP `` (ADJP silly )ADJP '' )S )VP and (VP said (SBAR (S (NP he )NP (VP would (VP fight (NP it )NP (PP in (NP court )NP )PP )VP )VP )S )SBAR )VP )VP )S . )S  STOP
(SINV `` (S (NP The thing )NP (VP is (ADJP so *UNK )ADJP (ADVP right now )ADVP (SBAR that (S (NP there )NP (VP 's (NP (NP really no way )NP (SBAR (S (VP to (VP say (SBAR (WHNP what )WHNP (S (VP will (VP happen )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP Justice Department attorney *UNKC *UNKC III )NP , (SBAR (WHNP who )WHNP (S (VP represents (NP the IRS )NP (PP in (NP the case )NP )PP )VP )S )SBAR )NP . )SINV  STOP
(S `` (NP (NP *UNKC )NP (PP like (NP this )NP )PP )NP (VP are (ADJP hard (SBAR (S (VP to (VP predict )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP Banc One Corp. )NP (VP said (SBAR (S (NP it )NP (VP agreed (PP in (NP principle )NP )PP (S (VP to (VP buy (NP five branch offices )NP (PP from (NP (NP *UNKC Inc. )NP , (NP (NP Toledo )NP , (NP Ohio )NP )NP , )NP )PP (PP following (NP (NP the planned merger )NP (PP of (NP *UNKC )NP )PP (PP into (NP (NP Society Corp. )NP , (NP Cleveland )NP )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP The five offices )NP (PP in (NP (NP *UNKC and *UNKC *UNK )NP (PP in (NP northern Ohio )NP )PP )NP )PP )NP (VP have (NP (NP total assets )NP (PP of (NP (QP about $ 88 million )QP )NP )PP )NP )VP )S , (NP Banc One )NP (VP said )VP . )S  STOP
(S (S (NP The purchase price )NP (VP will (VP be (VP established (SBAR after (S (NP Banc One )NP (VP has (NP an opportunity (S (VP to (VP study (NP (NP the quality )NP (PP of (NP the assets )NP )PP )NP )VP )VP )S )NP )VP )S )SBAR )VP )VP )VP )S , (NP Banc One )NP (VP said )VP . )S  STOP
(S (S (NP Society Corp. )NP (ADVP already )ADVP (VP has (NP branches )NP (PP in (NP the area )NP )PP )VP )S , and (S (S (VP selling (NP the *UNKC offices )NP )VP )S (VP could (VP avoid (NP (NP a problem )NP (PP with (NP regulators )NP )PP (PP over (NP (NP excessive *UNK )NP (PP of (NP (NP banking )NP (PP in (NP the two *UNK )NP )PP )NP )PP (PP after (NP (NP the merger )NP (PP of (NP *UNKC )NP )PP (PP into (NP Society )NP )PP )NP )PP )NP )PP )NP )VP )VP )S , (PP according (PP to (NP industry sources )NP )PP )PP . )S  STOP
(S (NP The merger )NP (VP is (VP scheduled (S (VP to (VP take (NP place )NP (PP in (NP the 1990 first quarter )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP *UNKC fears )NP and (NP (ADJP relatively more attractive )ADJP interest rates )NP )NP (VP (VP pushed (NP (ADJP money-market mutual )ADJP fund assets )NP (ADVP up (NP (QP $ *UNKN billion )QP )NP )ADVP (PP in (NP the latest week )NP )PP )VP , (NP (NP the *UNK increase )NP (PP in (NP (QP almost two )QP years )NP )PP )NP )VP . )S  STOP
(S (NP (NP The *UNKN funds )NP (VP tracked (PP by (NP (NP the Investment Company Institute )NP , (NP a *UNKED trade group )NP , )NP )PP )VP )NP (VP rose (PP to (NP (NP (QP $ *UNKN billion )QP )NP , (NP a record )NP )NP )PP )VP . )S  STOP
(S (NP The (ADJP (QP $ *UNKN billion )QP )ADJP increase )NP (VP was (NP (NP the strongest weekly *UNK )NP (PP since (NP January 1988 )NP )PP )NP )VP . )S  STOP
(S (NP The increase )NP (VP was (VP spread (ADVP fairly *UNKLY )ADVP (PP among (NP (NP all three types )NP (PP of (NP funds )NP )PP )NP )PP )VP )VP . )S  STOP
(SINV (S (NP (NP Individual investors )NP , (VP represented (PP in (NP the (ADJP *UNK- and broker-dealer )ADJP fund categories )NP )PP )VP , )NP (VP (VP pulled (NP money )NP (PP from (NP the stock market )NP )PP (PP after (NP (NP its big drop )NP (NP last Friday )NP )NP )PP )VP and (VP put (NP the money )NP (PP into (NP funds )NP )PP )VP )VP )S , (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP (NP vice president )NP and (NP chief economist )NP )NP (PP of (NP the Institute )NP )PP )NP )NP . )SINV  STOP
(S `` (S (NP *UNKC investors )NP , (PP on (NP the other hand )NP )PP , (VP reacted (PP to (NP (NP the steep decline )NP (PP in (NP (NP yields )NP (PP on (NP direct money-market instruments )NP )PP )NP )PP (PP following (NP (NP the stock-market decline )NP (NP last Friday )NP )NP )PP )NP )PP )VP )S , '' (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (NP (NP Yields )NP (PP on (NP money funds )NP )PP )NP (VP dropped (PP in (NP (NP the week )NP (VP ended (NP Tuesday )NP )VP )NP )PP , (PP according (PP to (NP (NP (NP *UNKC 's )NP Money Fund Report )NP , (NP a (NAC *UNKC , Mass. , )NAC newsletter )NP )NP )PP )PP )VP . )S  STOP
(S (S (NP The average seven-day *UNKED yield )NP (VP fell (PP to (NP 8.55 % )NP )PP (PP from (NP *UNKN % )NP (ADVP (NP the week )NP earlier )ADVP )PP )VP )S , (NP *UNKC 's )NP (VP said )VP . )S  STOP
(S (PP At (NP (NP the auction )NP (PP of (NP six-month U.S. Treasury bills )NP )PP (PP on (NP Monday )NP )PP )NP )PP , (NP the average yield )NP (VP fell (PP to (NP *UNKN % )NP )PP (PP from (NP *UNKN % )NP )PP )VP . )S  STOP
(S (ADVP *UNKC )ADVP , (NP (NP certificates )NP (PP of (NP deposit )NP )PP )NP (PP on (ADJP average )ADJP )PP (VP posted (NP lower yields )NP (PP in (NP (NP the week )NP (VP ended (NP Tuesday )NP )VP )NP )PP )VP . )S  STOP
(S (NP The *UNKN *UNK- money funds )NP (VP rose (NP (QP $ *UNKN billion )QP )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP The *UNKN *UNK- funds )NP (VP increased (NP (QP $ *UNKN billion )QP )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP , (SBAR while (S (NP 96 broker-dealer funds )NP (VP increased (NP (QP $ 1.3 billion )QP )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP *UNKC lending )NP (PP for (NP real estate and property development )NP )PP )NP (VP was (NP (NP the source )NP (PP of (NP (NP (NP Bank *UNKC Malaysia *UNKC 's )NP (ADJP most recent )ADJP *UNK )NP (PP of (NP financial troubles )NP )PP )NP )PP )NP )VP )S , (NP (NP (NP the institution 's )NP executive chairman )NP , (NP *UNKED *UNKC *UNKC )NP , )NP (VP said )VP . )S  STOP
(S (S (VP *UNKING (PP to (NP reporters )NP )PP (NP this week )NP (SBAR after (S (NP (NP Bank *UNKC 's )NP shareholders )NP (VP approved (NP a rescue plan )NP )VP )S )SBAR )VP )S , (NP *UNKC *UNKC *UNKC )NP (VP said (SBAR (S (NP (NP heavy lending )NP (PP to (NP the property sector )NP )PP )NP (VP *UNKED (NP the bank )NP (SBAR (WHADVP when )WHADVP (S (NP (NP property prices )NP (PP in (NP Malaysia )NP )PP )NP (VP plummeted (PP in (NP *UNKN )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP the bank )NP (VP could n't (VP wait (ADVP any longer )ADVP (SBAR (SBAR for (S (NP prices )NP (VP to (VP recover )VP )VP )S )SBAR and (SBAR for (S (NP borrowers )NP (VP to (VP service (NP their loans )NP )VP )VP )S )SBAR )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S So (NP (NP the bank 's )NP board )NP (VP decided (S (VP (VP to (VP make (NP (NP (QP *UNKN billion )QP *UNKC dollars )NP (PRN -LRB- (NP (QP US$ *UNKN million )QP )NP -RRB- )PRN (PP in (NP (NP provisions )NP (PP for (NP (NP interest payments )NP (PP from (NP (NP loans )NP (VP (VP (ADVP previously )ADVP recorded (PP as (NP revenue )NP )PP )VP but (VP (ADVP never )ADVP (ADVP actually )ADVP received (PP by (NP the bank )NP )PP )VP )VP )NP )PP )NP )PP )NP )PP )NP )VP )VP , and (VP to (VP submit (NP (NP a bailout package )NP (SBAR (S (VP to (VP *UNK (NP (NP the bank 's )NP *UNK- capital )NP )VP )VP )S )SBAR )NP )VP )VP )VP )S )VP . )S  STOP
(S (NP The *UNK )NP (PRN , (S (NP he )NP (VP added )VP )S , )PRN (VP was (ADJP similar (PP to (NP (NP the Hong Kong *UNKN *UNK- collapse )NP , (SBAR (WHNP which )WHNP (S (VP exposed (NP (NP the involvement )NP (PP of (NP (NP (NP Bank *UNKC 's )NP former subsidiary )NP (PP in (NP the colony )NP )PP )NP )PP (PP in (NP (NP the largest banking scandal )NP (PP in (NP (NP Malaysia 's )NP history )NP )PP )NP )PP )NP )VP )S )SBAR )NP )PP )ADJP )VP . )S  STOP
(S (NP (NP The subsidiary )NP , (NP *UNKC Malaysia Finance Ltd. )NP , )NP (VP was (VP left (PP with (NP (NP (QP *UNK *UNKN billion )QP )NP (PP in (NP (NP bad loans )NP (VP made (PP to (NP Hong Kong property speculators )NP )PP )VP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Both *UNK )NP (VP wiped (PRT out )PRT (NP (NP (NP Bank *UNKC 's )NP shareholders ' )NP funds )NP )VP . )S  STOP
(S (NP Each time )NP , (NP (NP (NP the bank 's )NP (ADJP 90 % )ADJP shareholder )NP -- (NP (NP (NP *UNKC *UNKC *UNKC )NP , or (NP *UNKC )NP , )NP (NP the national oil company )NP )NP -- )NP (VP has (VP been (VP called (PP upon )PP (S (VP to (VP rescue (NP the institution )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (PP In (NP five years )NP )PP , (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP became (NP the dominant shareholder )NP (PP in (NP a 1984 rescue exercise )NP )PP )VP )S )SBAR , )NP (VP has (VP spent (NP (QP about *UNK 3.5 billion )QP )NP (S (VP to (VP *UNK (PRT up )PRT (NP the troubled bank )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP *UNKC *UNKC *UNKC )NP (VP said (SBAR (S (NP the capital restructuring plan )NP (VP has (VP been (VP approved (PP by (NP (NP Malaysia 's )NP (NX (NX Capital Issues Committee )NX and (NX central bank )NX )NX )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Malaysia 's )NP High Court )NP (VP is (VP expected (S (VP to (VP approve (NP the plan )NP )VP )VP )S )VP )VP . )S  STOP
(S (SBAR Once (S (NP the plan )NP (VP is (VP approved )VP )VP )S )SBAR (PRN , (S (NP *UNKC *UNKC *UNKC )NP (VP said )VP )S , )PRN (S (NP (NP most )NP (PP of (NP (NP Bank *UNKC 's )NP nonperforming loans )NP )PP )NP (VP will (VP have (VP been (ADVP fully )ADVP (VP provided (PP for )PP )VP )VP )VP )VP )S and (S (NP the bank )NP (VP will (VP be (PP on (NP (NP track )NP (SBAR (S (VP to (VP report (NP (NP a pretax profit )NP (PP of (NP (QP between *UNK 160 million and *UNK 170 million )QP )NP )PP )NP (PP for (NP (NP the fiscal year )NP (VP ending (NP March 31 )NP )VP )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S . )S  STOP
(S (S (PP For (NP the previous financial year )NP )PP , (NP the bank )NP (VP would (VP have (VP reported (NP (NP a pretax profit )NP (PP of (NP (QP M$ *UNKN million )QP )NP )PP )NP (SBAR if (S (NP it )NP (VP had n't (VP made (NP (NP provisions )NP (PP for (NP the nonperforming loans )NP )PP )NP )VP )VP )S )SBAR )VP )VP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(SINV (S (NP (NP Malaysia 's )NP Banking *UNKC Act )NP (VP prohibited (NP the bank )NP (PP from (S (VP *UNKING (NP *UNK borrowers )NP )VP )S )PP )VP )S , (VP said )VP (NP *UNKC *UNKC *UNKC )NP . )SINV  STOP
(S But (NP public documents )NP (VP indicate (SBAR (S (NP (NP (QP 10 % or more )QP )NP (PP of (NP (NP the bank 's )NP provisions )NP )PP )NP (VP were (VP made (PP for (NP (NP *UNK interest )NP (PP on (NP (NP a (ADJP (QP M$ 200 million )QP )ADJP loan )NP (PP to (NP (NP (NP (NP Malaysia 's )NP dominant political party )NP , (NP the United *UNKC National Organization )NP , )NP )NP )PP (SBAR (S (VP to (VP build (NP its convention and headquarters complex )NP (PP in (NP *UNKC *UNKC )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The loan )NP (PP to (NP *UNKC )NP )PP )NP (VP was (VP made (PP in (NP September 1983 )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP lent (NP (NP a lot )NP (PP of (NP money )NP )PP )NP (NP (NP all )NP (PP over (NP the place )NP )PP )NP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP refused (S (VP to (VP discuss (NP (NP (NP the bank 's )NP outstanding loans )NP (X to )X )NP )VP )VP )S )VP )S )SBAR )NP )SINV  STOP
(S (PP As well as (NP (NP the (QP M$ *UNKN billion )QP )NP (PP in (NP provisions )NP )PP (VP announced (PP on (NP Oct. 6 )NP )PP )VP )NP )PP , (NP the restructuring package )NP (VP covers (NP (NP an additional (QP M$ 450 million )QP )NP (PP in (NP provisions )NP )PP (VP (VP made (PP in (NP earlier years )NP )PP )VP but (VP (ADVP never )ADVP reflected (PP in (NP (NP a reduction )NP (PP of (NP (NP the bank 's )NP *UNK- capital )NP )PP )NP )PP )VP )VP )NP )VP . )S  STOP
(S (PP At (NP (NP the end )NP (PP of (NP the exercise )NP )PP )NP )PP , (NP (NP the cash injection )NP (PP from (NP *UNKC )NP )PP )NP (VP will (VP increase (NP (NP the bank 's )NP *UNK- capital )NP (PP to (NP (QP M$ 1.15 billion )QP )NP )PP (PP after (S (ADVP virtually )ADVP (VP being (VP wiped (PRT out )PRT (PP by (NP the new provisions )NP )PP )VP )VP )S )PP )VP )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP might (VP have (VP stepped (PP from (NP (NP a recruiting *UNK )NP (PP for (NP young Republicans )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (S (UCP (ADJP White )ADJP , (ADJP (NP 24 years )NP old )ADJP , (NP (NP a singer )NP (PP in (NP her church *UNK )NP )PP )NP , )UCP )S (NP she )NP (VP *UNK (NP (NP a generation )NP (SBAR (WHNP that )WHNP (S (VP gave (NP (NP its heart )NP and (NP its vote )NP )NP (PP to (NP Ronald Reagan )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S `` (S (NP I )NP (VP felt (ADJP (ADVP kind of )ADVP safe )ADJP )VP )S , '' (NP she )NP (VP says )VP . )S  STOP
(ADVP No longer . )ADVP  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP the Supreme Court )NP (VP opened (NP the door )NP (NP this year )NP (PP to (NP (NP new restrictions )NP (PP on (NP abortion )NP )PP )NP )PP )VP )S )SBAR , (NP Ms. *UNKC )NP (VP opened (NP her mind )NP (PP to (NP Democratic politics )NP )PP )VP . )S  STOP
(S (S (ADVP Then )ADVP (NP a political *UNK )NP )S , (NP she )NP (VP stepped (PP into (NP (NP a *UNK )NP (PP of (NP (NP `` pro-choice '' *UNK )NP , (NP house parties )NP and (NP *UNK- )NP )NP )PP )NP )PP )VP . )S  STOP
(S (ADVP Now )ADVP (NP she )NP (VP leads (NP (NP a *UNK abortion-rights campaign )NP (PP in (NP *UNKC County )NP )PP )NP (PP for (NP pro-choice Democratic *UNK candidate James Florio )NP )PP )VP . )S  STOP
(S `` (S (NP This )NP (VP is (NP (NP one )NP (SBAR (WHADVP where )WHADVP (S (NP I )NP (VP cross (NP party lines )NP )VP )S )SBAR )NP )VP )S , '' (NP she )NP (VP says , (S (VP *UNKING (NP (NP the anti-abortion stance )NP (PP of (NP (NP (NP Rep. Florio 's )NP opponent )NP , (NP *UNKC Rep. James Courter )NP )NP )PP )NP )VP )S )VP . )S  STOP
(S `` (NP (NP People )NP (NP my age )NP )NP (VP thought (SBAR (S (NP it )NP (VP was n't (VP going (S (VP to (VP be (NP an issue )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Now )ADVP (NP it )NP (VP has (PRN -- (ADVP especially )ADVP (PP for (NP (NP people )NP (NP my age )NP )NP )PP )PRN )VP . '' )S  STOP
(S (S (NP *UNKC )NP (VP bear (PRT out )PRT (NP this warning )NP )VP )S , but (S (PP after (NP (NP a decade )NP (PP of (NP (NP increased Republican influence )NP (ADVP here )ADVP )NP )PP )NP )PP , (NP (NP the new politics )NP (PP of (NP abortion )NP )PP )NP (VP have (VP contributed (PP to (NP (NP a world )NP (VP turned (ADVP upside down )ADVP (PP for (NP Mr. Courter )NP )PP )VP )NP )PP )VP )VP )S . )S  STOP
(S (SBAR Unless (S (NP he )NP (VP closes (NP the gap )NP )VP )S )SBAR , (NP Republicans )NP (VP risk (S (VP losing (NP (CONJP not only )CONJP (NP the *UNK )NP (CONJP but also )CONJP (NP the assembly )NP )NP (NP next month )NP )VP )S )VP . )S  STOP
(S (S (VP *UNKING (PP into (NP the 1990s )NP )PP )VP )S , (NP the GOP )NP (VP is (VP paying (NP (NP a price )NP (PP for (NP (NP the same conservative social agenda )NP (SBAR (WHNP that )WHNP (S (NP it )NP (VP used (S (VP to (VP *UNK (NP Democrats )NP )VP )VP )S (PP in (NP the past )NP )PP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP This change )NP (VP comes (PP (ADVP less )ADVP from (NP (NP a shift )NP (PP (PP in (NP (NP public opinion )NP , (SBAR (WHNP which )WHNP (S (VP has n't (VP changed (ADVP much )ADVP (PP on (NP abortion )NP )PP (PP over (NP the past decade )NP )PP )VP )VP )S )SBAR , )NP )PP (PP than (PP in (NP (NP the *UNK )NP (PP of (NP the debate )NP )PP )NP )PP )PP )PP )NP )PP )VP . )S  STOP
(S (S (NP (NP New Jersey 's )NP own highest court )NP (VP remains (NP (NP a liberal *UNK )NP (PP against (NP (NP major restrictions )NP (PP on (NP abortion )NP )PP )NP )PP )NP )VP )S , but (S (NP (NP the U.S. Supreme Court ruling )NP , (NP Webster vs. Missouri )NP , )NP (VP has (VP engaged (NP (NP voters )NP (PP across (NP the nation )NP )PP (SBAR (WHNP who )WHNP (S (VP had (VP been (VP *UNKED (PP from (NP the issue )NP )PP )VP )VP )VP )S )SBAR )NP )VP )VP )S . )S  STOP
(S (PP Before (NP July )NP )PP , (NP pro-choice voters )NP (VP could (ADVP *UNKLY )ADVP (VP make (NP political decisions )NP (PP without (S (VP focusing (ADVP narrowly )ADVP (PP on (NP abortion )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S (ADVP Now )ADVP , (NP (NP the threat )NP (PP of (NP further restrictions )NP )PP )NP (VP adds (NP a new *UNK )NP , (S (VP bringing (NP (NP an *UNK )NP (PP in (NP (NP political activity )NP (PP by (NP abortion-rights forces )NP )PP )NP )PP )NP )VP )S )VP . )S  STOP
(S (S (NP (NP A recent pro-choice rally )NP (PP in (NP *UNKC )NP )PP )NP (VP drew (NP thousands )NP )VP )S , and (S (PP in (NP a major reversal )NP )PP , (NP Congress )NP (VP is (VP (VP *UNKING (NP a presidential veto )NP )VP and (VP demanding (SBAR that (S (NP Medicaid abortions )NP (VP be (VP permitted (PP in (NP (NP cases )NP (PP of (NP rape and incest )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP )VP )S . )S  STOP
(S `` (S (SBAR If (S (NP Webster )NP (VP had n't (VP happened )VP )VP )S )SBAR , (NP you )NP (VP would n't (VP be (ADVP here )ADVP )VP )VP )S , '' (NP Linda *UNKC )NP (VP tells (NP a reporter )NP (PP in (NP (NP the *UNKC office )NP (PP of (NP (NP the National Organization )NP (PP for (NP Women )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S `` (S (NP We )NP (VP could (VP have (VP *UNKED (PP from (NP the *UNK )NP )PP (PP about (NP Courter )NP )PP )VP )VP )VP )S ... and (S (NP no one )NP (VP would (VP have (VP heard (NP us )NP )VP )VP )VP )S . '' )S  STOP
(S (NP New Jersey )NP (VP is (NP a proving ground )NP (PP for (NP this aggressive *UNK- movement )NP )PP (NP this year )NP )VP . )S  STOP
(S (NP (NP The *UNK )NP (PP of (NP activists )NP )PP )NP (VP can (VP bring (NP (NP a clash )NP (PP of (NP *UNK )NP )PP )NP )VP )VP . )S  STOP
(S (PP In (NP *UNKC Hill )NP )PP , (NP (NP the National *UNKC Rights *UNKC League )NP , (SBAR (WHNP whose goal )WHNP (S (VP is (S (VP to (VP sign (PRT up )PRT (NP 50,000 pro-choice voters )NP )VP )VP )S )VP )S )SBAR , )NP (VP targets (NP a union breakfast )NP (S (VP to (VP build (NP (NP labor support )NP (PP for (NP its cause )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (S (NP The league *UNK )NP (VP seem (NP (NP (ADVP more )ADVP a fit )NP (PP with (NP (NP a convention )NP (ADVP next door )ADVP (PP of (NP (NP young *UNK *UNK )NP (PP in (NP *UNK )NP )PP )NP )PP )NP )PP (PP than (NP the *UNK union leaders )NP )PP )NP )VP )S ; (SINV `` (S (NP I )NP (VP wish (SBAR (S (NP I )NP (VP could (VP go (S (VP work (PRT out )PRT )VP )S )VP )VP )S )SBAR )VP )S , '' (VP says )VP (NP a *UNK activist )NP )SINV . )S  STOP
(S (NP A labor chief )NP (VP *UNK (ADVP *UNKLY )ADVP (PP of (S (VP having (S (VP to (VP `` man and woman '' (NP *UNKC Day phones )NP )VP )VP )S )VP )S )PP )VP . )S  STOP
(S (NP No age group )NP (VP is (ADJP (ADJP more sensitive )ADJP (PP than (NP (NP younger voters )NP , (PP like (NP Ms. *UNKC )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (ADVP (NP A year )NP ago (NP this fall )NP )ADVP , (NP (NP New Jersey voters )NP (PP under (NP 30 )NP )PP )NP (VP favored (NP George Bush )NP (PP by (NP (QP 56 % to 39 % )QP )NP )PP (PP over (NP Michael *UNKC )NP )PP , (PP according (PP to (NP (NP a survey )NP (ADVP then )ADVP (PP by (NP (NP *UNKC University 's )NP *UNKC Institute )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP A matching *UNKC Star *UNKC poll )NP (NP last month )NP (VP showed (NP a complete reversal )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP in (NP the same age group )NP )PP )NP (VP backed (NP Democrat Florio )NP (NP (QP 55 % to 29 % )QP )NP (PP over (NP Republican Courter )NP )PP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (ADVP alone )ADVP )NP (VP ca n't (VP explain (NP this shift )NP )VP )VP )S , but (S (NP New Jersey )NP (VP is (NP (NP a model )NP (PP of (SBAR (WHADVP how )WHADVP (S (NP (ADJP so personal )ADJP an issue )NP (VP can (VP become (NP (NP a baseline )NP (PP of (NP sorts )NP )PP )NP (PP in (S (VP *UNKING (NP a candidate )NP )VP )S )PP )VP )VP )S )SBAR )PP )NP )VP )S . )S  STOP
(S (S (PP By (NP a *UNKN ratio )NP )PP , (NP voters )NP (VP appear (PP (ADVP more )ADVP at (NP (NP ease )NP (PP with (NP (NP (NP Mr. Florio 's )NP stance )NP (PP on (NP abortion )NP )PP )NP )PP )NP )PP )VP )S , and (S (NP polls )NP (VP indicate (SBAR (S (NP his lead )NP (VP *UNK (SBAR (WHADVP when )WHADVP (S (NP the candidates )NP (VP are (ADVP specifically )ADVP (VP linked (PP to (NP the issue )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP )S . )S  STOP
(SINV `` (S (NP The times )NP (VP are (NP my times )NP )VP )S , '' (VP says )VP (NP Mr. Florio )NP . )SINV  STOP
(S (S (NP The *UNKC County congressman )NP (ADVP still )ADVP (VP carries (NP himself )NP (PP with (NP a *UNK `` *UNKC '' *UNK )NP )PP )VP )S , but (S (PP at (NP (NP a *UNK )NP (PP in (NP (NP Newark 's )NP Columbus Day *UNK )NP )PP )NP )PP (ADVP recently )ADVP , (NP he )NP (VP was (VP *UNKING (PP with (NP his wife )NP )PP (PP in (NP (NP the middle )NP (PP of (NP the *UNK )NP )PP )NP )PP (PP in (NP (NP the city 's )NP old *UNKC *UNK )NP )PP )VP )VP )S . )S  STOP
(S (PP After (S (VP losing (PP by (NP (QP fewer than *UNKN )QP votes )NP )PP (PP in (NP the 1981 (NP governor 's )NP race )NP )PP )VP )S )PP , (NP he )NP (VP has (VP prepared (NP himself )NP (ADVP *UNKLY )ADVP (PP for (NP this moment )NP )PP , (PP including (S (VP deciding (PP in (NP recent years )NP )PP (SBAR (S (NP he )NP (VP could (ADVP no longer )ADVP (VP support (NP (NP *UNK )NP (PP on (NP (NP federal funding )NP (PP for (NP Medicaid abortions )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP )S )PP )VP )VP . )S  STOP
(SBARQ `` (SBAR If (S (NP you )NP (VP 're (VP going (S (VP to (VP (VP be (ADJP consistent )ADJP )VP and (VP say (SBAR (S (NP it )NP (VP is (NP a (ADJP *UNKLY protected )ADJP right )NP )VP )S )SBAR )VP )VP )VP )S )VP )VP )S )SBAR (PRN , '' (S (NP he )NP (VP asks )VP )S , `` )PRN (WHADVP how )WHADVP (SQ are (NP you )NP (VP going (S (VP to (VP say (SBAR (S (S (NP (NP an upscale woman )NP (SBAR (WHNP who )WHNP (S (VP can (VP drive (PP to (NP the hospital or clinic )NP )PP (PP in (NP a nice car )NP )PP )VP )VP )S )SBAR )NP (VP has (NP a constitutional right )NP )VP )S and (S (NP (NP someone )NP (SBAR (WHNP who )WHNP (S (VP is not (PP in (NP great shape )NP )PP (ADVP financially )ADVP )VP )S )SBAR )NP (VP does not )VP )S )S )SBAR )VP )VP )S )VP )SQ ? '' )SBARQ  STOP
(S (NP Mr. Courter )NP , (PP by (NP comparison )NP )PP , (VP seems (NP (NP a shadow )NP (PP of (NP (NP the confident *UNK )NP (SBAR (WHNP who )WHNP (S (VP defended (NP Oliver North )NP (PP before (NP national *UNK )NP )PP (PP at (NP Iran-Contra hearings )NP )PP (ADVP (NP two years )NP ago )ADVP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (S (VP Looking (ADVP back )ADVP )VP )S , (NP he )NP (VP says (SBAR (S (NP he )NP (VP *UNKED (PP by (S (VP (VP *UNKING (NP (NP his `` personal '' opposition )NP (PP to (NP abortion )NP )PP )NP )VP (CONJP instead of )CONJP (VP *UNKING (NP voters )NP (SBAR that (S (NP he )NP (VP would n't (VP impose (NP his views )NP (PP on `` (NP policy )NP '' )PP (PP as (NP governor )NP )PP )VP )VP )S )SBAR )VP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP is (NP (NP a *UNK )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP (NP neither side )NP (PP in (NP the debate )NP )PP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S `` (S (NP He )NP (VP does n't (VP know (NP himself )NP )VP )VP )S , '' (NP (NP *UNKC *UNKC )NP (PP of (NP the *UNKC Rights League )NP )PP )NP (VP says (PP of (NP (NP Mr. Courter 's )NP position )NP )PP )VP . )S  STOP
(S (NP (NP Even abortion opponents )NP , (ADJP however angry (PP with (NP Mr. Florio )NP )PP )ADJP , )NP (VP ca n't (VP hide (NP (NP their frustration )NP (PP with (NP (NP the Republican 's )NP *UNK )NP )PP )NP )VP )VP . )S  STOP
(SINV `` (S (NP He )NP (VP does n't (VP want (S (VP to (VP lead (NP the people )NP )VP )VP )S )VP )VP )S , '' (VP says )VP (NP (NP Richard *UNKC )NP , (NP (NP president )NP (PP of (NP (NP New Jersey Right )NP (PP to (NP Life )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (ADVP Moreover )ADVP , (PP by (S (VP stepping (PP outside (NP (NP the state 's )NP pro-choice tradition )NP )PP )VP )S )PP , (NP Mr. Courter )NP (VP *UNK (NP fears (SBAR that (S (NP he )NP (VP is (ADJP too conservative )ADJP (ADVP as well )ADVP (PP on (NP (NP (ADJP more pressing )ADJP concerns )NP (PP such as (NP (NP auto insurance rates )NP and (NP the environment )NP )NP )PP )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP He )NP (VP hurt (NP himself )NP (ADVP further )ADVP (NP this summer )NP (PP by (S (VP bringing (NP *UNK issues )NP (PP into (NP the debate )NP )PP )VP )S )PP )VP )S ; and (S (PP by (S (VP *UNKING (PP on (NP (NP this issue )NP and (NP abortion )NP )NP )PP )VP )S )PP , (NP he )NP (VP has (VP weakened (NP his credibility )NP (PP in (SBAR (WHNP what )WHNP (S (VP is (ADVP already )ADVP (NP a *UNKED campaign )NP (PP on (NP both sides )NP )PP )VP )S )SBAR )PP )VP )VP )S . )S  STOP
(S (S (VP *UNKED (PP to (NP Congress )NP )PP (PP in (NP 1978 )NP )PP )VP )S , (NP the *UNK- Mr. Courter )NP (VP is (NP (NP part )NP (PP of (NP (NP a generation )NP (PP of (NP (NP young conservatives )NP (SBAR (WHNP who )WHNP (S (VP were (ADVP once )ADVP (PP (ADVP very much )ADVP in (NP (NP the lead )NP (PP of (NP (NP the *UNK shift )NP (PP under (NP Mr. Reagan )NP )PP )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP Like (NP (NP many )NP (PP of (NP his colleagues )NP )PP )NP )PP , (NP he )NP (VP did n't (VP (VP serve (PP in (NP Vietnam )NP )PP (PP in (NP the 1960s )NP )PP )VP yet (VP embraced (NP a *UNK (UCP defense and foreign )UCP policy )NP -- (S (ADVP even )ADVP (VP voting (PP against (NP (NP a 1984 resolution )NP (ADJP critical (PP of (NP (NP the U.S. mining )NP (PP of (NP Nicaraguan *UNK )NP )PP )NP )PP )ADJP )NP )PP )VP )S )VP )VP )VP . )S  STOP
(S (S (NP (NP Jack Kemp )NP and (NP the writers Irving *UNKC and George *UNKC )NP )NP (VP were (NP *UNK )NP )VP )S , and (S (NP (NP Mr. Courter 's )NP own conservative credentials )NP (VP proved (ADJP useful (PP to (NP (NP the current New Jersey GOP governor )NP , (NP Thomas *UNKC )NP , )NP )PP )ADJP (PP in (NP the 1981 Republican primary here )NP )PP )VP )S . )S  STOP
(S (S (NP The same partnership )NP (VP is (ADVP now )ADVP (ADJP crucial (PP to (NP (NP Mr. Courter 's )NP fortunes )NP )PP )ADJP )VP )S , but (S (NP the abortion issue )NP (VP is (NP (NP only a reminder )NP (PP of (NP (NP the gap )NP (PP between (NP (NP his record )NP and (NP (NP that )NP (PP of (NP the (NP (ADJP more moderate )ADJP , pro-choice Gov. *UNKC )NP )NP )PP )NP )NP )PP )NP )PP )NP )VP )S . )S  STOP
(S (SBAR While (S (NP the Warren County congressman )NP (VP *UNKED (NP an *UNK- , *UNK- agenda )NP (PP in (NP Washington )NP )PP )VP )S )SBAR , (NP Gov. *UNKC )NP (VP was (VP (VP *UNKING (NP increased income and sales taxes )NP (PP at (NP home )NP )PP )VP and (VP overseeing (NP (NP a near doubling )NP (PP in (NP (NP the size )NP (PP of (NP (NP New Jersey 's )NP budget )NP )PP )NP )PP (PP in (NP (NP his eight years )NP (PP in (NP office )NP )PP )NP )PP )NP )VP )VP )VP . )S  STOP
(S (S (NP Kean forces )NP (VP play (PRT down )PRT (NP (NP any differences )NP (PP with (NP Mr. Courter )NP )PP )NP )VP )S , but (S (NP this history )NP (VP makes (S (NP (NP it )NP )NP (ADJP harder )ADJP (SBAR for (S (NP the conservative )NP (VP to (VP run (PP against (NP government )NP )PP )VP )VP )S )SBAR )S )VP )S . )S  STOP
(S (NP (NP Mr. Courter 's )NP free-market plan (S (VP to (VP bring (ADVP down )ADVP (NP auto insurance rates )NP )VP )VP )S )NP (VP met (NP (NP criticism )NP (PP from (NP (NP Gov. Kean 's )NP own insurance commissioner )NP )PP )NP )VP . )S  STOP
(S (NP Mr. Courter )NP (VP is (ADJP further *UNKED (PP by (NP (NP a record )NP (PP of (NP (NP votes )NP (VP opposed (PP to (NP (NP government regulation )NP (PP on (NP (NP behalf )NP (PP of (NP consumers )NP )PP )NP )PP )NP )PP )VP )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (S (ADJP *UNKC (PP in (NP Spanish )NP )PP )ADJP (PP from (NP (NP his days )NP (PP in (NP the *UNKC *UNKC )NP )PP )NP )PP )S , (NP Mr. Courter )NP (ADVP actively )ADVP (VP (VP courts (NP minority voters )NP )VP but (VP seems (ADVP *UNKLY )ADVP (PP over (NP his head )NP )PP )VP )VP . )S  STOP
(S (NP He )NP (VP is (ADJP warm and *UNKED )ADJP (PP before (NP (NP a Puerto Rican Congress )NP (PP in (NP *UNKC Park )NP )PP )NP )PP )VP . )S  STOP
(S Yet (PP (NP minutes )NP after (S (VP promising (S (VP to (VP *UNK (NP *UNKC )NP (PP to (NP (NP high posts )NP (PP in (NP state government )NP )PP )NP )PP )VP )VP )S )VP )S )PP , (NP he )NP (VP is (ADJP unable (S (VP to (VP say (SBAR whether (S (NP he )NP (VP has (ADVP ever )ADVP (VP employed (NP any )NP (PP in (NP his congressional office )NP )PP )VP )VP )S )SBAR )VP )VP )S )ADJP )VP . )S  STOP
(S `` (S (NP I )NP (VP do n't (VP think (SBAR (S (NP we )NP (VP do (ADVP now )ADVP )VP )S )SBAR )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (NP I )NP (VP think (SBAR (S (NP we )NP (VP did )VP )S )SBAR )VP . '' )S  STOP
(S (S (VP Asked (NP the same question )NP (PP after (NP his appearance )NP )PP )VP )S , (NP Democrat Florio )NP (VP (VP *UNK (NP a staff member )NP (PP by (NP name )NP )PP )VP and (VP explains (NP (NP her *UNK )NP (NP today )NP )NP )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP he )NP (VP is (VP presented (PP with (NP (NP a *UNK )NP (VP *UNKING (NP (NP the organization 's )NP *UNK anniversary )NP )VP )NP )PP )VP )VP )S )SBAR , (NP he )NP (VP (VP *UNK (NP (NP a *UNK )NP (PP of (NP (NP one )NP (PP of (NP the *UNK )NP )PP )NP )PP )NP )VP and (VP recalls (NP (NP time )NP (VP spent (ADVP together )ADVP (PP in (NP *UNKC )NP )PP )VP )NP )VP )VP . )S  STOP
(S (NP *UNKC and *UNKC )NP (VP are (NP essential Florio )NP )VP . )S  STOP
(S (S (VP *UNKED (PP to (NP Congress )NP )PP (PP as (NP a `` *UNKC baby '' )NP )PP (PP in (NP 1974 )NP )PP )VP )S , (NP he )NP (VP ran (PP for (NP governor )NP )PP (ADVP (NP three years )NP later )ADVP )VP . )S  STOP
(S (PP In (NP (NP the opinion )NP (PP of (NP many )NP )PP )NP )PP , (NP he )NP (VP has n't (VP stopped (S (VP running )VP )S (ADVP since )ADVP , (SBAR even though (S (NP he )NP (VP declined (NP (NP a *UNK )NP (PP with (NP Gov. Kean )NP )PP )NP (PP in (NP 1985 )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP His base )NP (PP (PP in (NP (NP South Jersey )NP )NP )PP and (PP on (NP the House Energy and Commerce Committee )NP )PP )PP )NP (VP helped (S (NP him )NP (VP sustain (NP (NP a network )NP (PP of (NP *UNK- committees )NP )PP (SBAR (S (VP to (VP preserve (NP his edge )NP )VP )VP )S )SBAR )NP )VP )S )VP . )S  STOP
(S (PP With (NP (NP limited budgets )NP (PP for (NP television )NP )PP (PP in (NP a high-priced market )NP )PP )NP )PP , (NP (NP (NP Mr. Florio 's )NP higher recognition )NP (PP than (NP his rival )NP )PP )NP (VP is (NP a major advantage )NP )VP . )S  STOP
(S (ADVP More (PP than (ADVP ever )ADVP )PP )ADVP , (NP his (ADJP *UNK- and *UNK- )ADJP record )NP (VP is (PP in (NP (NP *UNK )NP (PP with (NP the state )NP )PP )NP )PP )VP . )S  STOP
(S (NP Auto insurance rates )NP (VP are (VP soaring )VP )VP . )S  STOP
(S (NP A *UNK- fire )NP (VP destroyed (NP (NP part )NP (PP of (NP an interstate highway )NP )PP )NP (NP this summer )NP )VP . )S  STOP
(S (PP In (NP (NP *UNKC )NP , (NP an important swing area )NP , )NP )PP (NP Republican *UNK )NP (ADVP now )ADVP (VP run (PP on (NP (NP a *UNK )NP (VP promising (S (VP to (VP keep (S (NP the *UNK )NP `` (ADJP clean and green )ADJP )S )VP )VP )S )VP )NP )PP )VP . '' )S  STOP
(S (S (NP Mr. Florio )NP (VP *UNK (NP this *UNK )NP )VP )S , but (S (PP at (NP age 52 )NP )PP , (NP the congressman )NP (VP is (ADVP also )ADVP (NP (NP a product )NP (PP of (NP his times and losses )NP )PP )NP )VP )S . )S  STOP
(S (S (NP He )NP (VP *UNK (PP for (NP the death penalty )NP )PP (SBAR as if (S (VP reading (PP from (NP *UNKC 21 )NP )PP )VP )S )SBAR )VP )S ; (S (S (VP to (VP increase (NP state revenue )NP )VP )VP )S (NP he )NP (VP *UNK (PP not (PP on `` (NP taxes )NP '' )PP but (PP on (NP `` (NP audits )NP '' (SBAR (S (VP to (VP cut (NP waste )NP )VP )VP )S )SBAR )NP )PP )PP )VP )S . )S  STOP
(S (S (NP *UNKING consultants )NP (VP match (NP ads )NP (PP with (NP (NP Mr. Courter 's )NP team )NP )PP )VP )S , and (S (NP Mr. Florio )NP (VP *UNK (NP himself )NP (PP as (NP (NP the lean , mean Democratic fighting machine )NP (PP of (NP the 1990s )NP )PP )NP )PP )VP )S . )S  STOP
(S (S (VP *UNKING (PP to (NP a young audience )NP )PP )VP )S , (NP he )NP (VP (VP *UNK (NP (NP an old *UNK )NP (PP to (NP *UNKC and *UNKC )NP )PP )NP )VP and (ADVP instead )ADVP (VP quotes (NP the *UNKC *UNKC )NP )VP )VP . )S  STOP
(S (NP (NP (NP The *UNK )NP (VP chosen )VP )NP -- `` (NP long strange night )NP '' -- )NP (VP may (VP be (NP (NP an *UNK *UNK )NP (PP to (NP (NP television spots )NP (PP by (NP both candidates )NP )PP (VP intended (S (VP to (VP *UNK (NP each other )NP (PP as (NP a *UNK )NP )PP )VP )VP )S )VP )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP The Democratic *UNK )NP (VP fits (NP (NP a pattern )NP (PP of (NP (NP younger *UNK )NP (S (VP *UNKING (PP out (PP of (NP old machines )NP )PP )PP )VP )S )NP )PP )NP )VP )S , but (S (NP (NP his ties )NP (PP to (NP *UNKC )NP )PP )NP (VP remain (NP a *UNK point )NP (PP because of (NP (NP the county 's )NP past corruption )NP )PP )VP )S . )S  STOP
(S (S (NP His campaign *UNK )NP (VP is (VP chosen (PP from (NP (NP elsewhere )NP (PP in (NP the state )NP )PP )NP )PP )VP )VP )S , and (S (S (VP faced (PP with (NP (NP criticism )NP (PP of (NP a *UNK bank investment )NP )PP )NP )PP )VP )S , (NP he )NP (VP has (ADVP so far )ADVP (VP *UNKED (NP the issue )NP (PP by (S (VP *UNKING (NP (NP the bulk )NP (PP of (NP his profits )NP )PP )NP (PP to (NP (NP his *UNK *UNK )NP , (NP *UNKC State College )NP )NP )PP )VP )S )PP )VP )VP )S . )S  STOP
(S (NP (NP (NP Mr. Florio 's )NP *UNK )NP (PP on (NP the abortion issue )NP )PP (PP after (NP the Webster ruling )NP )PP )NP (VP *UNK (NP (NP some )NP (PP of (NP his old *UNK )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP an (ADJP unlikely but *UNK )ADJP *UNK major )NP (PP in (NP an *UNKC County Irish *UNK band )NP )PP )NP , )NP (VP *UNK (ADVP *UNKLY )ADVP (PP of (NP Mr. Florio )NP )PP )VP . )S  STOP
(SINV `` (S (NP I )NP (VP am (NP a *UNK *UNKC )NP )VP )S , '' (VP says )VP (NP (NP Mr. *UNKC )NP , (NP a *UNK- health officer )NP )NP . )SINV  STOP
(S `` (NP I )NP (VP ca n't (VP support (NP him )NP (PP because of (NP abortion )NP )PP )VP )VP . '' )S  STOP
(S (NP (NP Bill *UNKC *UNKC )NP , (NP 72 )NP , )NP (VP is (ADJP (ADJP *UNKC )ADJP (ADVP too )ADVP , but (ADJP *UNKED (PP by (NP (NP (NP Mr. Florio 's )NP stand )NP (PP on (NP abortion )NP )PP )NP )PP )ADJP )ADJP )VP . )S  STOP
(S (S (NP (NP A security guard )NP (PP at (NP a cargo terminal )NP )PP )NP )S , (NP he )NP (VP *UNK (NP (NP a (NAC Sons (PP of (NP Italy )NP )PP )NAC *UNK and cap )NP (VP *UNKING `` (NP The US 1 *UNKC )NP )VP )NP )VP . '' )S  STOP
(S `` (S (NP I )NP (ADVP still )ADVP (VP think (SBAR (S (NP the woman )NP (VP has (NP the right (S (VP to (VP do (PP with (NP her body )NP )PP (SBAR as (S (NP she )NP (VP *UNK )VP )S )SBAR )VP )VP )S )NP )VP )S )SBAR )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (SBAR If (S (NP you )NP (VP want (NP more opinions )NP )VP )S )SBAR (VP ask (NP my wife )NP )VP . )S  STOP
(S (NP She )NP (VP has (NP (NP lots )NP (PP of (NP opinions )NP )PP )NP )VP . )S  STOP
(S (S (NP Consumer prices )NP (VP rose (NP a (ADJP surprisingly moderate )ADJP 0.2 % )NP (PP in (NP September )NP )PP , (S (VP pushed (ADVP up )ADVP (ADVP mostly )ADVP (PP by (NP (NP a jump )NP (PP in (NP clothing costs )NP )PP )NP )PP )VP )S )VP )S , (NP the Labor Department )NP (VP reported )VP . )S  STOP
(S (NP (NP Energy costs )NP , (SBAR (WHNP which )WHNP (S (VP drove (NP wholesale prices )NP (ADVP up )ADVP (ADVP sharply )ADVP (PP during (NP the month )NP )PP )VP )S )SBAR , )NP (VP continued (S (VP to (VP decline (PP at (NP the retail level )NP )PP )VP )VP )S , (S (VP (VP pulling (ADVP down )ADVP (NP transportation )NP )VP and (VP helping (S (VP to (VP ease (NP housing costs )NP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP The report )NP (VP was (NP (NP the *UNK news )NP (SBAR (S (NP the financial markets )NP (VP had (VP seen )VP )VP )S )SBAR )NP (PP since (SBAR before (S (NP the stock market )NP (VP plunged (NP (QP more than 190 )QP points )NP (NP last Friday )NP )VP )S )SBAR )PP )VP . )S  STOP
(S (NP The Dow Jones Industrial Average )NP (VP rallied (PP on (NP the news )NP )PP , (S (VP closing (ADVP (NP *UNKN points )NP higher )ADVP (PP at (NP *UNKN )NP )PP )VP )S )VP . )S  STOP
(S (NP Bond prices )NP (ADVP also )ADVP (VP jumped (SBAR as (S (NP traders )NP (VP appeared (S (VP to (VP read (NP the data )NP (PP as (NP a sign (SBAR that (S (NP interest rates )NP (VP may (VP fall )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S But (NP many economists )NP (VP were not (ADVP nearly )ADVP (ADJP as *UNK )ADJP )VP . )S  STOP
(S (S (NP (NP The climb )NP (PP in (NP wholesale energy prices )NP )PP )NP (VP is (ADJP certain (S (VP to (VP push (ADVP up )ADVP (NP retail energy prices )NP (PP in (NP the next few months )NP )PP )VP )VP )S )ADJP )VP )S , (NP they )NP (VP warned )VP . )S  STOP
(S (NP They )NP (ADVP also )ADVP (VP said (SBAR (S (NP the dollar )NP (VP is (VP *UNKING (PRT off )PRT (PP after (NP (NP a rise )NP (NP this summer )NP (SBAR (WHNP that )WHNP (S (VP helped (S (VP to (VP reduce (NP (NP the prices )NP (PP of (NP imported goods )NP )PP )NP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP I )NP (VP think (SBAR (S (NP inflation )NP (VP is (VP going (S (VP to (VP pick (PRT up )PRT (PP through (NP the fall )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP Joel *UNKC )NP , (NP (NP a specialist )NP (PP on (NP inflation )NP )PP (SBAR (WHNP who )WHNP (S (VP runs (NP an economic consulting firm )NP (ADVP here )ADVP )VP )S )SBAR )NP )NP . )SINV  STOP
(S `` (NP It )NP (VP has (VP been (PP in (SBAR (WHNP what )WHNP (S (NP I )NP (VP would (VP describe (PP as (NP a *UNK )NP )PP )VP )VP )S )SBAR )PP (PP for (NP the past several months )NP )PP )VP )VP . '' )S  STOP
(SINV `` (S (S (NP We )NP (VP 've (VP had (NP (NP *UNKING declines )NP (PP in (NP consumer energy prices )NP )PP )NP (PP in (NP (NP each )NP (PP of (NP the past three months )NP )PP )NP )PP )VP )VP )S , and (S (PP at (NP the wholesale level )NP )PP (NP those )NP (VP are (ADVP fully )ADVP (PP behind (NP us )NP )PP (ADVP now )ADVP )VP )S )S , '' (VP said )VP (NP (NP Jay *UNKC )NP , (NP (NP chief domestic economist )NP (PP at (NP (NP Bankers Trust Co. )NP (PP in (NP New York )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (SBAR Because (S (NP wholesale energy prices )NP (VP shot (ADVP up )ADVP (PP by (NP a steep 6.5 % )NP )PP (NP last month )NP )VP )S )SBAR , (NP many analysts )NP (VP expected (S (NP energy prices )NP (VP to (VP rise (PP at (NP the consumer level )NP )PP (ADVP too )ADVP )VP )VP )S )VP . )S  STOP
(S (PP As (NP a result )NP )PP , (NP many economists )NP (VP were (VP expecting (S (NP the consumer price index )NP (VP to (VP increase (ADVP (ADVP significantly more )ADVP (SBAR than (S (NP it )NP (VP did )VP )S )SBAR )ADVP )VP )VP )S )VP )VP . )S  STOP
(S But (NP retail energy prices )NP (VP declined (NP 0.9 % )NP (PP in (NP September )NP )PP )VP . )S  STOP
(S (SBAR Though (S (NP analysts )NP (VP say (SBAR (S (NP competition )NP (VP will (ADVP probably )ADVP (VP hold (PRT down )PRT (NP (NP increases )NP (PP in (NP retail energy prices )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR , (NP many )NP (VP expect (S (NP (NP some )NP (PP of (NP the wholesale rise )NP )PP )NP (VP to (VP be (VP passed (PRT along )PRT (PP to (NP the consumer )NP )PP (PP before (NP (NP the end )NP (PP of (NP the year )NP )PP )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (ADVP Still )ADVP , (NP some analysts )NP (VP insisted (SBAR that (S (NP (NP the worst )NP (PP of (NP the inflation )NP )PP )NP (VP is (ADVP behind )ADVP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP It )NP (ADVP increasingly )ADVP (VP appears (SBAR that (S (NP *UNKN )NP (VP was (NP (NP a temporary inflation *UNK )NP and not (NP (NP the beginning )NP (PP of (NP a cyclical inflation problem )NP )PP )NP )NP )VP )S )SBAR )VP )S , '' (VP argued )VP (NP (NP Edward *UNKC )NP , (NP (NP chief economist )NP (PP at (NP (NP Prudential-Bache Securities Inc. )NP (PP in (NP New York )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (PP In (NP both 1987 and 1988 )NP )PP , (NP consumer prices )NP (VP rose (NP 4.4 % )NP )VP . )S  STOP
(S (S (NP (NP A *UNK- )NP (PP in (NP world oil prices )NP )PP (NP last winter )NP )NP (VP sent (S (NP consumer prices )NP (VP soaring (PP at (NP a (ADJP 6.7 % )ADJP annual rate )NP )PP )VP )S (PP in (NP (NP the first five months )NP (PP of (NP this year )NP )PP )NP )PP )VP )S , but (S (NP (NP the subsequent decline )NP (PP in (NP energy prices )NP )PP )NP (VP has (VP pulled (NP the annual rate )NP (ADVP back down (PP to (NP 4.4 % )NP )PP )ADVP )VP )VP )S . )S  STOP
(S (NP Mr. *UNKC )NP (VP predicted (SBAR that (S (NP world business competition )NP (VP will (VP continue (S (VP to (VP *UNK (NP prices )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP The bottom line )NP (VP is , (SBAR (S (NP it )NP (VP seems (PP to (NP me )NP )PP (SBAR that (S (NP the economic environment )NP (VP has (VP become (ADJP very , very *UNK )ADJP (PP for (NP (NP a lot )NP (PP of (NP businesses )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S `` (S (ADVP Back (PP in (NP *UNKN )NP )PP )ADVP , (NP business )NP (VP was (VP operating (PP at (NP (ADJP fairly tight )ADJP capacity )NP )PP )VP )VP )S , so (S (NP businesses )NP (VP felt (SBAR (S (NP they )NP (VP could (VP raise (NP prices )NP )VP )VP )S )SBAR )VP )S . '' )S  STOP
(S (ADVP Now )ADVP , (PRN (S (NP he )NP (VP said )VP )S , )PRN (NP (NP a slowdown )NP (PP in (NP economic activity )NP )PP )NP (VP has (VP *UNKED (NP demand )NP )VP )VP . )S  STOP
(S (NP The *UNK inflation figures )NP (VP renewed (NP (NP investors ' )NP hopes (SBAR that (S (NP the Federal Reserve )NP (VP will (VP ease (NP its interest-rate stance )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP The steep climb )NP (PP in (NP producer prices )NP )PP (VP reported (NP last Friday )NP )VP )NP (VP (VP *UNKED (NP (NP *UNK )NP (PP about (NP lower interest rates )NP )PP )NP )VP and (VP contributed (PP to (NP (NP (NP the stock market 's )NP (ADJP 6.9 % )ADJP plunge )NP (NP that day )NP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP the past several days )NP )PP , (ADVP however )ADVP , (NP (NP the U.S. 's )NP central bank )NP (VP has (VP allowed (S (NP a key interest rate )NP (VP to (VP fall (ADVP slightly )ADVP )VP )VP )S (S (VP to (VP try (S (VP to (VP stabilize (NP the markets )NP )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (NP Analysts )NP (VP say (SBAR (S (NP Fed policy makers )NP (VP have (VP been (ADJP wary (PP of (S (VP *UNKING (NP credit )NP (ADVP too much )ADVP )VP )S )PP )ADJP (SBAR because (S (NP they )NP (VP were (ADJP still uncertain (PP about (NP (NP the level )NP (PP of (NP inflation )NP )PP (PP in (NP the economy )NP )PP )NP )PP )ADJP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Excluding (NP (NP the volatile categories )NP (PP of (NP energy and food )NP )PP )NP )PP (PRN -- (S (VP leaving (SBAR (WHNP what )WHNP (S (NP some economists )NP (VP call (NP the core inflation rate )NP )VP )S )SBAR )VP )S -- )PRN (NP consumer prices )NP (ADVP still )ADVP (VP rose (NP only 0.2 % )NP (PP in (NP September )NP )PP )VP . )S  STOP
(S (S (NP Transportation costs )NP (ADVP actually )ADVP (VP fell (NP 0.5 % )NP )VP )S , and (S (NP housing costs )NP (VP gained (NP only 0.1 % )NP )VP )S . )S  STOP
(S (S (NP *UNKC prices )NP (VP *UNKED (ADVP up (NP 1.7 % )NP )ADVP )VP )S , but (S (NP that )NP (VP was (PP after (NP (NP three months )NP (PP of (NP declines )NP )PP )NP )PP )VP )S . )S  STOP
(S (NP Medical costs )NP (VP continued (NP their steep *UNK )NP , (S (VP rising (NP *UNKN % )NP (PP after (NP (NP four consecutive months )NP (PP of (NP (ADJP 0.7 % )ADJP increases )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP Car prices )NP , (NP (NP another area )NP (SBAR (WHNP that )WHNP (S (VP contributed (PP to (NP (NP the steep rise )NP (PP in (NP the wholesale index )NP )PP (NP last month )NP )NP )PP )VP )S )SBAR )NP , )NP (ADVP still )ADVP (VP showed (NP (NP declines )NP (PP at (NP the consumer level )NP )PP )NP )VP . )S  STOP
(S (NP They )NP (VP dropped (NP 0.4 % )NP (SBAR as (S (NP dealers )NP (VP continued (S (VP to (VP offer (NP (NP rebates )NP (SBAR (S (VP to (VP attract (NP customers )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Food prices )NP (VP rose (NP 0.2 % )NP (PP for (NP (NP the second month )NP (PP in (NP a row )NP )PP )NP )PP , (ADVP (ADVP far slower )ADVP (PP than (NP (NP the monthly rises )NP (ADVP earlier (PP in (NP the year )NP )PP )ADVP )NP )PP )ADVP )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP the Labor Department )NP (VP reported (SBAR that (S (NP average weekly earnings )NP (VP rose (NP 0.3 % )NP (PP in (NP September )NP )PP , (PP after (S (VP *UNKING (PP for (NP inflation )NP )PP )VP )S )PP , (PP following (NP (NP a (ADJP 0.7 % )ADJP decline )NP (PP in (NP August )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP All the numbers )NP (VP are (VP adjusted (PP for (NP seasonal fluctuations )NP )PP )VP )VP . )S  STOP
(SINV (ADVP Here )ADVP (VP are )VP (NP (NP the (ADJP seasonally adjusted )ADJP changes )NP (PP in (NP (NP the components )NP (PP of (NP (NP (NP the Labor Department 's )NP consumer price index )NP (PP for (NP September )NP )PP )NP )PP )NP )PP )NP . )SINV  STOP
(S (PP After (S (VP watching (S (NP (NP interest )NP (PP in (NP the sport )NP )PP )NP (VP *UNK (PP for (NP years )NP )PP )VP )S )VP )S )PP , (NP the ski industry )NP (VP is (VP trying (S (VP to (VP give (NP itself )NP (NP a lift )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP *UNKC (NP the country )NP )PP , (NP resorts )NP (VP are (VP using (NP (NP everything )NP (PP (PP from (NP *UNK )NP )PP (PP to (NP *UNK- *UNK )NP )PP )PP )NP (S (VP to (VP attract (NP new customers )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP Some )NP (VP have (VP built (NP (NP health *UNK )NP , (NP business centers )NP and (NP shopping *UNK )NP )NP )VP )VP )S so (S (NP visitors )NP (VP have (NP (NP more )NP (SBAR (S (VP to (VP do )VP )VP )S )SBAR (PP than (FRAG (VP ski )VP )FRAG )PP )NP )VP )S . )S  STOP
(S And (NP this week )NP , (NP (NP the industry 's )NP efforts )NP (VP will (VP go (ADJP national )ADJP (PP for (NP the first time )NP )PP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP *UNK (NP a (ADJP (QP $ 7 million )QP )ADJP advertising campaign )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Such efforts )NP (PRN -- (RRC (ADJP *UNK (PRT of )PRT )ADJP (ADVP (NP only a few years )NP ago )ADVP )RRC -- )PRN )NP (VP are (NP the latest attempts (S (VP to (VP revive (NP the sagging (ADJP (QP $ *UNKN billion )QP )ADJP U.S. ski industry )NP )VP )VP )S )NP )VP . )S  STOP
(S (PP Since (NP (NP the start )NP (PP of (NP the decade )NP )PP )NP )PP , (NP *UNK- sales )NP (VP have (VP grown (NP (NP (QP only 3 )QP % )NP (NP a year )NP )NP (PP on (NP average )NP )PP , (PP compared (PP with (NP (NP (ADJP 16 % )ADJP annual growth rates )NP (PP in (NP the *UNK and *UNK )NP )PP )NP )PP )PP )VP )VP . )S  STOP
(S (NP Last season )NP , (NP *UNK- sales )NP (VP fell (PP for (NP (NP the first time )NP (PP in (NP seven years )NP )PP )NP )PP )VP . )S  STOP
(S (PP By (NP some estimates )NP )PP , (NP (NP (QP nearly a fourth )QP )NP (PP of (NP all U.S. ski areas )NP )PP )NP (VP have (VP been (VP forced (S (VP to (VP shut (PRT down )PRT )VP )VP )S (PP since (NP the early *UNK )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP and (NP mounting insurance and equipment costs )NP )NP (VP have (VP been (NP (NP the *UNKING )NP (PP of (NP many resorts )NP )PP )NP )VP )VP . )S  STOP
(S But (NP another big problem )NP (VP has (VP been (NP (NP the aging )NP (PP of (NP baby *UNK )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP *UNKING )NP , (PP after (NP all )NP )PP , (VP has (ADVP mainly )ADVP (VP been (PP for (NP the (ADJP young and *UNKING )ADJP )NP )PP )VP )VP )S and (S (NP many baby boomers )NP (VP have (VP (VP *UNK (NP *UNKING )NP )VP or (VP have (NP (NP (ADJP too many )ADJP family responsibilities )NP (SBAR (S (VP to (VP stick (PP with (NP the sport )NP )PP )VP )VP )S )SBAR )NP )VP )VP )VP )S . )S  STOP
(S (PP In (NP (NP its new ad campaign )NP , (VP created (PP by (NP (NP *UNKC *UNKC *UNKC & *UNKC Inc. )NP , (NP Chicago )NP )NP )PP )VP , )NP )PP (NP the ski industry )NP (VP is (VP trying (S (VP to (VP change (NP (NP its image )NP (PP as (NP (NP a sport )NP (PP (ADVP primarily )ADVP for (NP young white people )NP )PP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP One *UNK- TV spot )NP (VP features (NP (NP (NP a *UNK group )NP (PP of (NP *UNK )NP )PP (VP (ADVP *UNKLY )ADVP *UNKING (PP down (NP *UNKED *UNK )NP )PP )VP )NP : (NP (NP senior citizens )NP , (NP minorities )NP , (NP (NP families )NP (PP with (NP children )NP )PP )NP -- even (NP a *UNK *UNK )NP )NP )NP )VP . )S  STOP
(SINV `` (S (NP *UNKC school )NP (VP is (ADJP great )ADJP )VP )S , '' (VP *UNK (PRT out )PRT )VP (NP (NP a *UNK )NP , (VP *UNKED (PP in (NP a *UNK )NP )PP )VP )NP (SBAR as (S (NP he )NP (VP *UNK (PP down (NP a *UNK *UNK )NP )PP )VP )S )SBAR . )SINV  STOP
(SINV `` (S (NP You )NP (VP 'll (ADVP never )ADVP (VP know (SBAR *UNK (S (NP you )NP (VP try )VP )S )SBAR )VP )VP )S , '' (VP says )VP (NP a black *UNK )NP . )SINV  STOP
(SINV `` (S (NP We )NP (VP used (S (VP to (VP show (S (NP (NP some *UNK- *UNK )NP (PP in (NP his *UNK or *UNK )NP )PP )NP (VP going (PP over (NP (NP the edge )NP (PP of (NP a *UNK )NP )PP )NP )PP )VP )S )VP )VP )S )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a spokeswoman )NP (PP for (NP (NP the United *UNKC Industries Association )NP , (NP (NP the trade group )NP (VP *UNKING (NP the campaign )NP )VP )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP *UNKC promotions )NP (VP have (ADVP traditionally )ADVP (VP avoided (NP (NP the *UNK issue )NP (PP of (NP safety )NP )PP )NP )VP )VP . )S  STOP
(S But (NP the new commercials )NP (VP deal (PP with (NP it )NP )PP (ADVP indirectly )ADVP (PP by (S (VP showing (S (NP a woman )NP (VP *UNKING (SBAR as (S (NP she )NP (VP tries (S (VP to (VP get (PRT up )PRT (PP from (NP a fall )NP )PP )VP )VP )S )VP )S )SBAR )VP )S )VP )S )PP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP wanted (S (VP to (VP show (SBAR (S (NP it )NP (VP 's (ADJP *UNK )ADJP (SBAR if (S (NP you )NP (VP fall )VP )S )SBAR )VP )S )SBAR )VP )VP )S )VP )S , '' (VP says )VP (NP Ms. *UNKC )NP . )SINV  STOP
(S `` (NP Most people )NP (VP think (SBAR (S (SBAR if (S (NP you )NP (VP slip )VP )S )SBAR , (NP you )NP (VP 'll (VP wind (PRT up )PRT (PP in (NP a body cast )NP )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (S (NP The ad campaign )NP (VP represents (NP (NP an unusual spirit )NP (PP of (NP cooperation )NP )PP (PP among (NP (NP resorts )NP and (NP ski equipment makers )NP )NP )PP )NP )VP )S ; (S (ADVP normally )ADVP , (NP they )NP (ADVP only )ADVP (VP run (NP (NP ads )NP (VP *UNKING (NP their own products and facilities )NP )VP )NP )VP )S . )S  STOP
(S But (PP in (NP (NP these crunch times )NP (PP for (NP the ski industry )NP )PP )NP )PP , (NP (NP some resorts )NP , (PP such as (NP (NP the *UNKC *UNKC , Red River and *UNKC ski areas )NP (PP in (NP New Mexico )NP )PP )NP )PP , )NP (VP have (ADVP even )ADVP (VP (VP started (S (VP *UNKING (NP *UNK )NP (PP to (NP (NP each other 's )NP *UNK )NP )PP )VP )S )VP and (VP (ADVP next year )ADVP plan (S (VP to (VP sell (NP (NP tickets )NP (ADJP good (PP for (NP all local *UNK )NP )PP )ADJP )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP Many resorts )NP (ADVP also )ADVP (VP are (VP focusing (ADVP more )ADVP (PP on (NP (NP the service side )NP (PP of (NP their business )NP )PP )NP )PP )VP )VP . )S  STOP
(S (SBAR Since (S (NP (NP 40 % )NP (PP of (NP *UNK )NP )PP )NP (VP are (NP parents )NP )VP )S )SBAR , (NP many *UNK )NP (VP are (VP (VP building (NP *UNK )NP )VP , (VP expanding (NP ski schools )NP )VP and (VP adding (NP (NP entertainment )NP (PP for (NP kids )NP )PP )NP )VP )VP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP , (NP Colo. )NP , )NP (ADVP now )ADVP (VP has (NP (NP a *UNK )NP (SBAR (WHNP that )WHNP (S (VP looks (PP like (NP an old mining town )NP )PP )VP )S )SBAR )NP )VP )S ; (S (NP kids )NP (VP can (VP (VP ski (ADVP through )ADVP )VP and (VP *UNK (PP for (NP (NP *UNK 's )NP gold )NP )PP )VP )VP )VP )S . )S  STOP
(S (PP For (NP $ 15 )NP )PP , (NP they )NP (VP can (VP enjoy (NP (NP their own *UNKLY entertainment )NP , (PP with (NP dinner )NP )PP , )NP (PP without (NP *UNK and *UNK )NP )PP )VP )VP . )S  STOP
(S (ADVP (NP A few years )NP ago )ADVP , (NP parents )NP (ADVP usually )ADVP (VP had (S (VP to (VP (VP hire (NP a *UNK )NP )VP or (VP take (NP turns )NP (S (VP *UNKING (SBAR while (S (NP one *UNK )NP (VP stayed (PP with (NP the children )NP )PP )VP )S )SBAR )VP )S )VP )VP )VP )S )VP . )S  STOP
(SINV `` (S (NP (NP Most parents )NP (SBAR (WHNP who )WHNP (S (VP had (S (VP to (VP go (PP through (NP that )NP )PP )VP )VP )S )VP )S )SBAR )NP (ADVP never )ADVP (VP came (ADVP back )ADVP )VP )S , '' (VP says )VP (NP (NP Michael Shannon )NP , (NP (NP president )NP (PP of (NP (NP *UNKC Associates Inc. )NP , (SBAR (WHNP which )WHNP (S (VP owns and operates (NP the *UNKC and nearby *UNKC Creek resorts )NP )VP )S )SBAR )NP )PP )NP )NP . )SINV  STOP
(S (S (VP To (VP make (S (NP *UNKING )NP (ADJP more *UNK (PP for (NP *UNKED visitors )NP )PP )ADJP )S )VP )VP )S , (NP several resorts )NP (VP are (VP buying or starting (NP their own travel agencies )NP )VP )VP . )S  STOP
(S (PP In (NP one phone call )NP )PP , (NP ski *UNK )NP (VP can (VP (VP make (NP hotel and restaurant reservations )NP )VP , (VP buy (NP lift tickets )NP )VP , (VP rent (NP ski equipment )NP )VP and (VP sign (PRT up )PRT (PP for (NP *UNK )NP )PP )VP )VP )VP . )S  STOP
(S And (NP resorts )NP (VP are (VP adding (NP (NP other *UNK )NP , (PP such as (NP (NP *UNK restaurants )NP , (NP health *UNK )NP and (NP (NP *UNK packages )NP (PP with (NP a *UNK )NP )PP )NP )NP )PP )NP )VP )VP . )S  STOP
(S (PP During (NP Winter Carnival week )NP )PP , (PP for (NP example )NP )PP , (NP (NP visitors )NP (PP at (NP (NP Sunday River )NP (PP in (NP Maine )NP )PP )NP )PP )NP (VP can (VP take (NP a *UNK- balloon ride )NP )VP )VP . )S  STOP
(SINV `` (S (NP People )NP (NP these days )NP (VP want (NP (NP something else )NP (SBAR (S (VP to (VP do )VP )VP )S )SBAR (PP besides (FRAG (VP (VP ski )VP and (VP sit (PP in (NP the bar )NP )PP )VP )VP )FRAG )PP )NP )VP )S , '' (VP says )VP (NP (NP Don *UNKC )NP , (NP (NP executive director )NP (PP of (NP (NP *UNKC *UNKC )NP , (NP (NP (NP *UNKC 's )NP Chamber )NP (PP of (NP Commerce )NP )PP )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP The ski industry )NP (VP hopes (S (VP to (VP increase (NP (NP the number )NP (PP of (NP *UNK )NP )PP )NP (PP by (NP (QP 3.5 million )QP )NP )PP (PP to (NP (QP about *UNKN million )QP )NP )PP (PP in (NP the next five years )NP )PP (PP with (NP its latest ads and promotions )NP )PP )VP )VP )S )VP . )S  STOP
(S But (NP some )NP (VP think (SBAR (S (NP that )NP (VP 's (S (VP being (ADJP overly optimistic )ADJP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (PP For (NP one thing )NP )PP , (NP (NP it )NP )NP (VP may (VP be (ADJP tough )ADJP (S (VP to (VP attract (NP people )NP )VP )VP )S (SBAR because (S (NP *UNKING )NP (VP is (ADVP still )ADVP (ADJP expensive )ADJP )VP )S )SBAR )VP )VP )S : (S (S (NP a lift ticket )NP (VP can (VP cost (NP (NP (QP up to $ 35 )QP )NP (NP a day )NP )NP )VP )VP )S and (S (NP equipment prices )NP (VP are (VP rising )VP )VP )S )S . )S  STOP
(S And (NP most *UNK )NP (ADVP still )ADVP (VP prefer (NP a warm climate )NP (PP for (NP their winter *UNK )NP )PP )VP . )S  STOP
(S (NP (NP An American Express Co. survey )NP (PP of (NP its travel agents )NP )PP )NP (VP *UNKED (SBAR that (S (NP (QP only 34 )QP % )NP (VP believe (SBAR (S (NP their clients )NP (VP will (VP pick (NP a trip )NP (NP this winter )NP (PP based (PP on (NP (NP the availability )NP (PP of (NP winter sports )NP )PP )NP )PP )PP )VP )VP )S )SBAR , (SBAR as (S (VP opposed (PP to (NP (NP 69 % )NP (SBAR (WHNP who )WHNP (S (VP think (SBAR that (S (NP *UNK- sports )NP (VP will (VP be (NP the deciding factor )NP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (SBAR Even if (S (NP they )NP (VP could (VP bring (ADVP in )ADVP (NP (ADJP that many )ADJP new *UNK )NP )VP )VP )S )SBAR , (NP I )NP (VP do n't (VP know (SBAR if (S -LCB- (NP the industry )NP -RCB- (VP could (VP handle (NP (NP that kind )NP (PP of (NP an increase )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S , '' (VP says )VP (NP (NP I. William Berry )NP , (NP (NP editor and publisher )NP (PP of (NP (NP the *UNKC Industry *UNKC )NP (PP in (NP (NP *UNKC )NP , (NP N.Y )NP )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (S (NP Most people )NP (VP will (VP come (PP on (NP the weekend )NP )PP )VP )VP )S , (S (NP the *UNK )NP (VP will (VP be (ADJP *UNKED )ADJP )VP )VP )S and (ADVP then )ADVP (S (NP these -LCB- new *UNK -RCB- )NP (VP wo n't (VP come (ADVP back )ADVP )VP )VP )S . )S  STOP
(S (S (NP They )NP (VP did n't (VP play (NP (NP the third game )NP (PP of (NP the World Series )NP )PP )NP (PP on (NP Tuesday night )NP )PP (SBAR as (S (VP scheduled )VP )S )SBAR )VP )VP )S , and (S (NP they )NP (VP did n't (VP play (NP it )NP (PP on (NP Wednesday or Thursday )NP )PP (ADVP either )ADVP )VP )VP )S . )S  STOP
(SQ (S But (NP you )NP (VP knew (NP that )NP )VP )S , (SQ did n't (NP you )NP )SQ ? )SQ  STOP
(S (NP They )NP (VP are (VP supposed (S (VP to (VP play (NP the game )NP (NP next Tuesday )NP , (PP in (NP Candlestick Park )NP )PP (ADVP here )ADVP )VP )VP )S )VP )VP . )S  STOP
(S (NP The theory )NP (VP is (SBAR (SBAR that (S (NP (NP the stadium )NP , (VP damaged (PP by (NP (NP Tuesday 's )NP earthquake )NP )PP )VP , )NP (VP will (VP be (VP *UNKED (PP by (ADVP then )ADVP )PP )VP )VP )VP )S )SBAR , and (SBAR that (S (NP people )NP (VP will (VP be (ADJP able (S (VP to (VP get (ADVP there )ADVP )VP )VP )S )ADJP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (PP Like (NP (ADVP just about )ADVP everything else )NP )PP , (NP that )NP (VP remains (S (VP to (VP be (VP seen )VP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (VP could (VP *UNK )VP )VP . )S  STOP
(S But , (PP at (ADJP least )ADJP )PP , (NP (NP the law )NP (PP of (NP averages )NP )PP )NP (VP should (VP have (VP *UNK (PP to (NP the favorable side )NP )PP )VP )VP )VP . )S  STOP
(S (S (NP (NP It )NP )NP (VP may (VP seem (ADJP *UNK )ADJP (S (VP to (VP worry (PP about (NP the World Series )NP )PP (PP amid (NP (NP (NP the destruction )NP (PP to (NP the Bay Area )NP )PP )NP (VP *UNK (PP by (NP (NP Tuesday 's )NP quake )NP )PP )VP )NP )PP )VP )VP )S )VP )VP )S , but (S (S (NP (NP the name )NP (PP of (NP this column )NP )PP )NP (VP is `` (PP (PP On (NP Sports )NP )PP )PP )VP )S , '' so (S (NP I )NP (VP feel (ADJP *UNKED (S (VP to (VP do (ADVP so )ADVP )VP )VP )S )ADJP )VP )S )S . )S  STOP
(S (NP You )NP (VP might (VP be (ADJP interested (S (VP to (VP know (SBAR that (S (NP baseball , not survival , )NP (VP appeared (S (VP to (VP be (NP (NP the first thought )NP (PP of (NP (NP most )NP (PP of (NP (NP the crowd )NP (PP of (NP *UNK- )NP )PP (SBAR (WHNP that )WHNP (S (VP had (VP gathered (PP at (NP Candlestick )NP )PP (PP (PP at (NP (NP (NP *UNKN p.m. )NP (NP Tuesday )NP )NP )NP )PP , (PP (NP a half-hour )NP before (NP game time )NP )PP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )NP , (SBAR (WHADVP when )WHADVP (S (NP the quake )NP (VP struck )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (ADVP (ADVP As soon )ADVP (SBAR as (S (NP the *UNK )NP (VP passed )VP )S )SBAR )ADVP , (NP many people )NP (ADVP *UNKLY )ADVP (VP *UNK and *UNKED , (SBAR as though (S (NP it )NP (VP had (VP been (NP (NP a novel kind )NP (PP of (NP *UNK- show )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP One fan )NP , (VP *UNKED (PP (NP several *UNK )NP in (NP (NP front )NP (PP of (NP (NP the open , *UNK- *UNK press section )NP (SBAR (WHADVP where )WHADVP (S (NP I )NP (VP was (VP *UNKED )VP )VP )S )SBAR )NP )PP )NP )PP )VP , )NP (VP (VP faced (NP the assembled *UNK )NP )VP and (VP (ADVP *UNKLY )ADVP *UNKED , `` (S (NP We )NP (VP arranged (NP that )NP (PP (ADVP just )ADVP for (NP you guys )NP )PP )VP )S )VP )VP ! '' )S  STOP
(S (S (NP I )NP (VP thought )VP )S and , (PRN (S (NP I )NP (VP 'm (ADJP sure )ADJP )VP )S )PRN , (S (NP others )NP (VP did )VP )S : `` (S (NP You )NP (VP should n't (VP have (VP *UNKED )VP )VP )VP )S . '' )S  STOP
(S (S (NP I )NP (VP 'd (VP *UNK (PP through (NP (NP (NP my only previous *UNK )NP (PP with (NP natural disaster )NP )PP )NP , (NP (NP a *UNK )NP (ADVP (NP (QP 15 or so )QP *UNK )NP ago )ADVP (PP near (NP (NP *UNKC City )NP , (NP Mich. )NP )NP )PP )NP )NP )PP )VP )VP )S , so (S (NP I )NP (VP was (ADJP *UNKED (PP for (NP (NP (NP one reaction )NP (PP to (NP such things )NP )PP )NP : (NP the urge (S (VP to (VP talk (PP about (NP them )NP )PP )VP )VP )S )NP )NP )PP )ADJP )VP )S . )S  STOP
(S (S (ADVP Perhaps )ADVP (VP *UNKED (PP by (NP (NP the daily *UNK )NP (PP of (S (NP radio and TV reporters )NP (VP (VP *UNKING (NP *UNK )NP (PP into (NP (NP people 's )NP faces )NP )PP )VP and (VP asking (SBAR (WHADVP how )WHADVP (S (NP they )NP (VP `` feel '' (PP about (NP (NP one *UNK )NP or (NP another )NP )NP )PP )VP )S )SBAR )VP )VP )S )PP )NP )PP )VP )S , (NP (NP fellow reporters )NP and (NP (NP *UNK )NP (SBAR (WHNP who )WHNP (S (VP *UNKED (NP my press *UNK )NP )VP )S )SBAR )NP )NP (VP were (ADJP eager (S (VP to (VP *UNK )VP )VP )S )ADJP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP felt (SBAR like (S (S (NP I )NP (VP was (PP on (NP a station platform )NP )PP )VP )S and (S (NP a train )NP (VP went (ADVP by )ADVP )VP )S )S )SBAR )VP )S , '' (VP said )VP (NP one man )NP , (S (VP describing (NP my own reaction )NP )VP )S . )SINV  STOP
(S (NP A women )NP (VP said (SBAR (S (NP she )NP (VP saw (S (NP (NP the park 's )NP light standards )NP (VP *UNK )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP A man )NP (VP said (SBAR (S (NP he )NP (VP saw (S (NP the upper *UNK )NP (VP *UNK )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP I )NP (VP saw (NP neither )NP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP of (NP good sense )NP )PP (PP to (NP the contrary )NP )PP )NP (ADVP not *UNKING )ADVP )S , (NP the general *UNK )NP (VP was (S (VP to (VP believe (SBAR (SBAR that (S (NP the *UNK )NP (VP would (VP be (ADJP brief )ADJP )VP )VP )S )SBAR and (SBAR that (S (NP ball )NP (VP would (VP be (VP played )VP )VP )VP )S )SBAR )SBAR )VP )VP )S )VP . )S  STOP
(SINV `` (S (S (NP I )NP (VP (VP was (PP near (NP (NP the top )NP (PP of (NP the stadium )NP )PP )NP )PP )VP , and (VP saw (S (NP a steel *UNK )NP (VP *UNK (PP (NP six feet )NP from (SBAR (WHADVP where )WHADVP (S (NP I )NP (VP sat )VP )S )SBAR )PP )VP )S )VP )VP )S , but (S (NP I )NP (VP stayed (PRT put )PRT (PP for (NP (QP 10 or 15 )QP minutes )NP )PP )VP )S )S , '' (VP *UNKED )VP (NP a friend )NP . )SINV  STOP
(S `` (NP I )NP (VP guess (SBAR (S (NP I )NP (VP thought , ` (S (S (NP This )NP (VP is (NP the World Series )NP )VP )S and (S (NP I )NP (VP 'm not (VP *UNK (S (VP *UNK (VP *UNK (PRT out )PRT )VP )VP )S )VP )VP )S )S )VP )S )SBAR )VP ! ' '' )S  STOP
(S (ADVP Here (PP in (NP the Global *UNKC )NP )PP )ADVP , (ADVP though )ADVP , (NP folks )NP (VP do not (VP stay (ADJP *UNKED )ADJP (PP for (ADVP long )ADVP )PP )VP )VP . )S  STOP
(S (S (NP *UNKC power )NP (VP was (ADJP out )ADJP (PP in (NP *UNKED Candlestick Park )NP )PP )VP )S , but (S (NP *UNKED *UNK and television sets )NP (VP were (ADJP *UNK )ADJP )VP )S . )S  STOP
(S (PP Within (NP a few minutes )NP )PP , (NP (NP the true extent )NP (PP of (NP the catastrophe )NP )PP )NP (VP was (VP becoming (ADJP clear )ADJP )VP )VP . )S  STOP
(S (NP Its Richter *UNKC *UNK )NP (VP was (VP reported (PP as (NP (NP 6.5 )NP , (ADVP then )ADVP (NP 6.9 )NP , (ADVP then )ADVP (NP *UNKN )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP A section )NP (PP of (NP the Bay Bridge )NP )PP )NP (VP had (VP collapsed , (SBAR as (SINV had (NP (NP a part )NP (PP of (NP Interstate Highway *UNKN )NP )PP (PP in (NP Oakland )NP )PP )NP )SINV )SBAR )VP )VP . )S  STOP
(S (NP People )NP (VP had (VP died )VP )VP . )S  STOP
(S (PP At (NP *UNKN p.m. )NP )PP , (S (NP scheduled game time )NP (VP having (VP passed )VP )VP )S , (NP some fans )NP (VP *UNKED `` (S (VP Let (S (NP 's )NP (VP *UNKC (NP *UNKC )NP )VP )S )VP )S )VP . '' )S  STOP
(S (S (ADVP No longer )ADVP (ADJP innocent )ADJP )S , (NP they )NP (VP *UNKED (PP as (NP *UNK )NP )PP )VP . )S  STOP
(S (S (NP The stadium )NP (VP was (VP ordered (S (VP *UNKED )VP )S (ADVP soon afterward )ADVP )VP )VP )S ; (S (S (NP (NP the announcement )NP , (VP made (PP over (NP police *UNK )NP )PP )VP , )NP (VP cited (NP the power *UNK )NP )VP )S , but (S (NP it )NP (ADVP later )ADVP (VP was (VP *UNKED (SBAR that (S (NP there )NP (ADVP also )ADVP (VP had (VP been (NP (NP damage )NP (PP of (NP (NP the sort )NP (VP reported (PP by (NP my friend )NP )PP )VP )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )S . )S  STOP
(S (ADVP *UNKC )ADVP , (NP I )NP (VP spotted (S (NP two young men )NP (VP *UNKING (NP (NP blocks )NP (PP of (NP concrete )NP )PP )NP )VP )S )VP . )S  STOP
(S `` (NP (NP *UNKC )NP (PP of (NP Candlestick )NP )PP )NP , '' (NP they )NP (VP said )VP . )S  STOP
(S (NP The crowd )NP (VP remained (ADJP (ADJP good *UNKED )ADJP , (ADJP even *UNKED )ADJP )ADJP )VP . )S  STOP
(S (NP TV reporters )NP (VP interviewed (NP fans )NP (PP in (NP the parking lots )NP )PP (SBAR while , (S (ADVP (NP a few feet )NP away )ADVP , (NP others )NP (VP watched (NP the interviews )NP (PP on (NP their portable TVs )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP The only *UNK )NP (SBAR (S (NP I )NP (VP saw )VP )S )SBAR )NP (VP was (ADJP commercial )ADJP )VP )S : (S (NP (NP *UNKC )NP (VP selling (NP World Series (NX (NX *UNK *UNK )NX and (NX dated *UNK )NX )NX )NP )VP )NP (VP were (VP *UNKED (PP by (NP (NP fledgling speculators )NP (SBAR (WHNP who )WHNP (S (VP saw (NP future profit )NP (PP in (NP the items )NP )PP )VP )S )SBAR )NP )PP )VP )VP )S . )S  STOP
(S (NP (NP The traffic *UNK )NP (PP out (PP of (NP the park )NP )PP )PP )NP (VP was (ADJP *UNK )ADJP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP (VP took (NP me )NP (NP a half-hour )NP (S (VP to (VP move (NP 10 feet )NP (PP from (NP (NP my parking spot )NP (PP in (NP an *UNK lot )NP )PP )NP )PP (PP to (NP an *UNK )NP )PP )VP )VP )S )VP , and (VP (NP an additional hour )NP (S (VP to (VP reach (NP (NP an inner *UNK )NP (ADVP (NP a *UNK- )NP away )ADVP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The *UNK- trip )NP (PP to (NP my airport hotel )NP )PP (SBAR (WHNP that )WHNP (S (VP had (VP taken (NP 20 minutes )NP (ADVP earlier (PP in (NP the day )NP )PP )ADVP )VP )VP )S )SBAR )NP (VP took (NP (QP more than three )QP hours )NP )VP . )S  STOP
(S (PP At (NP (NP my hotel )NP , (NP the *UNKC )NP , )NP )PP (S (NP power )NP (VP was (ADJP out )ADJP )VP )S , (S (NP some *UNK *UNK )NP (VP had (VP broken (S (ADJP loose )ADJP )S )VP )VP )S and (S (NP there )NP (VP had (VP been (NP (NP water damage )NP , but (NP little else )NP )NP )VP )VP )S . )S  STOP
(S (S (PP With (NP *UNKC *UNK )NP )PP , (NP (NP (NP a hotel )NP (PP across (NP the street )NP )PP )NP , (NP the *UNKC )NP , )NP (VP had (VP been (VP hit (ADVP harder )ADVP )VP )VP )VP )S : (S (NP (NP (NP A large sheet )NP (PP of (NP its concrete *UNK )NP )PP )NP and (NP several window *UNK )NP )NP (VP were (VP *UNK (ADVP away )ADVP )VP )VP )S . )S  STOP
(S (NP The *UNKC staff )NP (VP had , (ADVP *UNKLY )ADVP , (VP (VP set (PRT out )PRT (NP *UNKED *UNK )NP (PP in (NP the *UNK )NP )PP )VP , (VP prepared (NP a (NP *UNK- *UNK )NP )NP )VP and (VP passed (PRT around )PRT (NP *UNK and *UNK )NP )VP )VP )VP . )S  STOP
(S (NP I )NP (VP fell (S (ADJP *UNK )ADJP )S (PP on (NP the lobby floor )NP )PP , (ADVP next (PP to (NP (NP a man )NP (VP wearing (NP a Chicago *UNKC *UNK )NP )VP )NP )PP )ADVP )VP . )S  STOP
(S (S (NP I )NP (VP expected (S (NP him )NP (VP to (VP say , `` (S (NP I )NP (VP told (NP you )NP (ADVP so )ADVP )VP )S )VP )VP )S )VP )S , '' but (S (NP he )NP (ADVP already )ADVP (VP was (VP *UNKING )VP )VP )S . )S  STOP
(S (NP The *UNK consensus )NP (VP was (SBAR that (S (NP the earthquake )NP (VP made (S (NP the World Series )NP (VP seem (ADJP *UNK )ADJP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP My response )NP (VP was (SBAR that (S (NP sports )NP (ADVP rarely )ADVP (VP are (ADJP (ADJP important )ADJP , only (ADJP *UNKING )ADJP )ADJP )VP )S )SBAR )VP )S , and (S (NP the quake )NP (ADVP merely )ADVP (VP *UNKED (NP that fact )NP )VP )S . )S  STOP
(SQ Should (NP (NP the rest )NP (PP of (NP the Series )NP )PP )NP (VP be (VP played (ADVP at all )ADVP )VP )VP ? )SQ  STOP
(INTJ *UNKC . )INTJ  STOP
(S (NP The quake and baseball )NP (VP were n't (VP related , (PP unlike (NP (NP the massacre )NP (PP of (NP athletes )NP )PP (SBAR (WHNP that )WHNP (S (VP attended (NP the 1972 Olympics )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP That (ADJP heavily *UNKED )ADJP event )NP (VP (VP learned (NP nothing )NP (PP from (NP the *UNKING experience )NP )PP )VP , and (VP seems (ADJP *UNKED (S (VP to (VP repeat (NP it )NP )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (NP Two *UNK )NP (VP *UNK )VP . )S  STOP
(S (NP This )NP (VP has (VP been (ADVP widely )ADVP (VP dubbed (S (NP (NP the BART Series )NP , (PRN (PP after (NP the local *UNK line )NP )PP )PRN , and (NP the Bay Bridge Series )NP )NP )S )VP )VP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP fly (PP at (NP *UNK- )NP )PP (PP for (NP (NP the death )NP (PP of (NP (NP *UNKC *UNKC )NP , (NP the late baseball commissioner )NP , )NP )PP )NP )PP )VP )S and (S (ADVP now )ADVP (NP the Bay Bridge )NP (VP lies (PP in (NP *UNK )NP )PP )VP )S . )S  STOP
(S (NP (NP A Series )NP (SBAR (WHNP that )WHNP (S (VP was (VP *UNKING (PRT up )PRT (PP as (NP (NP the *UNK )NP (PP since (NP (NP the *UNKED (ADJP *UNKC Diego )ADJP go )NP (PP of (NP 1984 )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )NP (VP has (VP become (ADJP *UNK )ADJP (PP in (NP the (ADJP least *UNK )ADJP way )NP )PP )VP )VP . )S  STOP
(S (ADVP Still )ADVP , (NP its edge )NP (VP is (VP lost )VP )VP . )S  STOP
(S (NP It )NP (ADVP now )ADVP (VP will (VP be (VP (VP played (ADVP mostly )ADVP (PP for (NP the record )NP )PP )VP , and (VP should (VP be (VP *UNKED (PRT up )PRT (ADVP (ADVP as quickly )ADVP (PP as (ADJP possible )ADJP )PP )ADVP , (PP without (NP `` off '' days )NP )PP )VP )VP )VP )VP )VP )VP . )S  STOP
(S And (NP I )NP (VP will (ADVP never )ADVP (ADVP again )ADVP (VP complain (PP about (NP a *UNK )NP )PP )VP )VP . )S  STOP
(S (NP (NP The disarray )NP (PP in (NP the junk-bond market )NP )PP (SBAR (WHNP that )WHNP (S (VP began (NP last month )NP (PP with (NP (NP a credit crunch )NP (PP at (NP Campeau Corp. )NP )PP )NP )PP )VP )S )SBAR )NP (VP has (VP offered (NP commercial banks )NP (NP a golden opportunity (S (VP to (VP play (NP a greater role )NP (PP in (S (VP financing (NP *UNK- takeovers )NP )VP )S )PP )VP )VP )S )NP )VP )VP . )S  STOP
(S But (NP two big New York banks )NP (VP seem (S (VP to (VP have (VP kicked (NP those chances )NP (ADVP away )ADVP , (PP for (NP the moment )NP )PP , (PP with (NP (NP the embarrassing failure )NP (PP of (NP (NP Citicorp )NP and (NP Chase Manhattan Corp. )NP )NP )PP (S (VP to (VP deliver (NP (NP (QP $ 7.2 billion )QP )NP (PP in (NP bank financing )NP )PP )NP (PP for (NP (NP a leveraged buy-out )NP (PP of (NP United Airlines parent UAL Corp )NP )PP )NP )PP )VP )VP )S )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (PP For (NP (QP more than a )QP decade )NP )PP , (NP banks )NP (VP have (VP been (VP pressing (NP (NP Congress )NP and (NP banking regulators )NP )NP (PP for (NP expanded powers (S (VP to (VP act (PP like (NP securities firms )NP )PP (PP in (S (VP playing (NP (NP Wall Street 's )NP lucrative takeover game )NP )VP )S )PP , (PP (PP from (S (VP giving (NP (NP mergers )NP advice )NP )VP )S )PP (PP (NP all the way )NP to (S (VP selling and trading (NP high-yield junk bonds )NP )VP )S )PP )PP )VP )VP )S )NP )PP )VP )VP )VP . )S  STOP
(S (NP Those expanded powers )NP (VP reached (NP their *UNK )NP (PP in (NP July )NP )PP (SBAR (WHADVP when )WHADVP (S (NP Bankers Trust New York Corp. )NP (VP provided (NP (NP (NP mergers advice )NP , (NP an equity investment )NP and (NP bank loans )NP )NP (PP for (NP (NP the (ADJP (QP $ *UNKN billion )QP )ADJP leveraged buy-out )NP (PP of (NP Northwest Airlines parent NWA Inc )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP One )NP (PP of (NP (NP the major selling points )NP (VP used (PP by (NP Los Angeles financier Alfred *UNKC )NP )PP (PP in (S (VP getting (S (NP the takeover )NP (VP approved )VP )S )VP )S )PP )VP )NP )PP )NP (VP was (SBAR that (S (NP the deal )NP (VP did n't (VP include (NP any junk bonds )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP was (VP seen (PP as (NP (NP an advantage )NP (PP in (S (VP lobbying (NP (NP airline employees )NP and (NP Washington regulators )NP )NP (PP for (NP (NP approval )NP (PP of (NP the *UNKED takeover )NP )PP )NP )PP )VP )S )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP All (QP $ 3.35 billion )QP )NP (PP in (NP debt )NP )PP (PP for (NP the deal )NP )PP )NP (VP was (VP supplied (PP by (NP banks )NP )PP )VP )VP . )S  STOP
(S (NP (NP Charles Nathan )NP , (NP (NP *UNK- )NP (PP of (NP mergers and acquisitions )NP )PP (PP at (NP Salomon Brothers Inc. )NP )PP )NP , )NP (VP says (SBAR (S (NP (NP it )NP )NP (VP is (ADJP natural )ADJP (SBAR for (S (NP banks )NP (VP to (VP try (S (VP to (VP expand (PP beyond (NP (NP their *UNK- business )NP (PP of (S (VP providing (NP (NP senior debt )NP (PP for (NP buy-outs )NP )PP )NP )VP )S )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S But (NP the UAL collapse )NP (PRN , (S (NP he )NP (VP says )VP )S , )PRN `` (VP may (VP tell (NP you )NP (SBAR (S (NP it )NP (VP 's not (VP going (S (VP to (VP work (ADVP that easily )ADVP )VP )VP )S )VP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP (NP David *UNKC )NP , (NP (NP a mergers adviser )NP (PP in (NP (NP La Jolla )NP , (NP Calif. )NP , )NP )PP (SBAR (WHNP who )WHNP (S (VP aided (NP Los Angeles investor Marvin Davis )NP (PP on (NP (NP the bids )NP (SBAR (WHNP which )WHNP (S (VP put (NP both UAL and NWA )NP (PP in (NP play )NP )PP (PP as (NP takeover candidates )NP )PP (NP this year )NP )VP )S )SBAR )NP )PP )VP )S )SBAR )NP , )NP (VP says (SBAR that (S (NP banks )NP (VP have (VP been `` (VP preparing (S (VP to (VP play (NP a (ADJP larger and larger )ADJP role )NP (PP in (NP acquisition financing )NP )PP )VP )VP )S )VP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP says (SBAR that (S (PP in (NP the past )NP )PP , (NP banks )NP (VP would (ADVP normally )ADVP (VP have (VP *UNKED (NP (NP 65 % )NP (PP of (NP a total buy-out price )NP )PP )NP , (SBAR with (S (NP the loans )NP (VP secured (PP by (NP (NP the target company 's )NP assets )NP )PP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Another 20 % )NP (PP of (NP the borrowed funds )NP )PP )NP (VP would (VP come (PP from (NP (NP the sale )NP (PP to (NP investors )NP )PP (PP of (NP (NP junk bonds )NP , (SBAR (WHNP which )WHNP (S (VP (VP offer (NP less security )NP )VP and (VP (ADVP typically )ADVP carry (NP (NP higher yields )NP (PP than (NP bank loans )NP )PP )NP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP (NP Mr. *UNKC 's )NP purchase )NP (PP of (NP NWA )NP )PP )NP (PRN , (S (NP Mr. *UNKC )NP (VP notes )VP )S , )PRN `` (VP was (ADVP probably )ADVP (NP (NP the (ADJP most aggressive )ADJP )NP (PP to (NP date )NP )PP )NP , '' (PP with (NP (NP bank debt )NP (PP at (NP (NP 85 % )NP (PP of (NP the purchase price )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S But (NP Mr. *UNKC )NP (VP says (SBAR that (S (NP (NP Citicorp 's )NP `` failure (S (VP to (VP deliver '' (PP on (NP its promise (S (VP to (VP raise (NP the UAL bank debt )NP (PP for (NP a labor-management buy-out group )NP )PP )VP )VP )S )NP )PP )VP )VP )S )NP `` (VP is (ADJP very *UNKING (PP to (NP (NP potential users )NP (PP of (NP (NP a ` *UNK- ' letter )NP (PP from (NP commercial banks )NP )PP )NP )PP )NP )PP )ADJP )VP )S )SBAR )VP . '' )S  STOP
(S (S (NP (NP His client )NP , (NP Mr. Davis )NP , )NP (VP used (NP (NP (ADVP just )ADVP such a letter )NP (PP from (NP Citicorp )NP )PP )NP (PP in (S (VP pursuing (NP UAL )NP )VP )S )PP )VP )S ; (S (NP Citicorp )NP (ADVP later )ADVP (VP agreed (S (VP to (VP work (PP with (NP a competing UAL buy-out group )NP )PP )VP )VP )S )VP )S . )S  STOP
(S (NP (NP Executives )NP (PP of (NP (NP Citicorp )NP and (NP Chase Manhattan )NP )NP )PP )NP (VP declined (S (VP to (VP comment (PP (PP on either (NP the UAL situation )NP )PP , or (PP on (NP (NP the changing nature )NP (PP of (NP (NP (NP banks ' )NP role )NP (PP in (S (VP financing (NP takeovers )NP )VP )S )PP )NP )PP )NP )PP )PP )VP )VP )S )VP . )S  STOP
(S (PP In (NP (NP the wake )NP (PP of (NP (NP Campeau 's )NP problems )NP )PP )NP )PP , (NP (NP prices )NP (PP of (NP junk bonds )NP )PP )NP (VP tumbled , (S (VP throwing (PP into (NP doubt )NP )PP (NP (NP the ability )NP (PP of (NP corporate *UNK )NP )PP (S (VP to (VP finance (NP large takeovers )NP (PP with (NP (NP the help )NP (PP of (NP junk bond sales )NP )PP )NP )PP )VP )VP )S )NP )VP )S )VP . )S  STOP
(S (NP (NP Mark *UNKC )NP , (NP (NP senior managing director )NP (PP at (NP Manufacturers Hanover Trust Co. )NP )PP )NP , )NP (VP says (SBAR (S (NP (NP the *UNK )NP (PP in (NP junk bonds )NP )PP )NP (VP may (ADVP yet )ADVP (VP open (NP (NP new business opportunities )NP )NP (PP to (NP banks )NP )PP (PP in (S (VP *UNKING (NP takeovers )NP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP he )NP (VP warns (SBAR that (S (NP banks )NP (VP will (VP have `` (S (VP to (VP have (NP (NP enough discipline )NP '' (SBAR (S not (VP to (VP make (NP (NP loans )NP (SBAR (WHNP that )WHNP (S (VP are (ADJP too risky )ADJP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP fact )NP )PP , (NP Manufacturers Hanover )NP (VP said (PP in (NP its third-quarter earnings report )NP )PP (SBAR that (S (NP (NP fees )NP (PP from (S (VP *UNKING (NP loans )NP (PP to (NP other banks )NP )PP )VP )S )PP )NP (VP dropped (NP 48 % )NP , (PP to (NP (QP $ 21 million )QP )NP )PP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP We )NP (VP did n't (VP take (NP part )NP (PP in (NP (NP a lot )NP (PP of (NP deals )NP )PP )NP )PP (SBAR because (S (NP their credit quality )NP (VP was (ADJP poor )ADJP )VP )S )SBAR )VP )VP )S , '' (VP says )VP (NP a bank spokesman )NP . )SINV  STOP
(S (NP (NP James B. Lee )NP , (NP (NP head )NP (PP of (NP (NP *UNK )NP and (NP private *UNK )NP )NP )PP (PP at (NP Chemical Banking Corp. )NP )PP )NP , )NP (VP said (SBAR (S (NP he )NP (VP believes (SBAR (S (NP banks )NP (VP can (ADVP still )ADVP (VP make (NP (NP a credible offer )NP (PP of (NP (NP *UNK- shopping )NP (PP for (NP takeover finance )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP As (NP evidence )NP )PP , (NP he )NP (VP cites (NP (NP (NP yesterday 's )NP arrangement )NP (PP for (NP (NP the final financing )NP (PP of (NP (NP a (ADJP (QP $ 3 billion )QP )ADJP bid )NP (PP for (NP American Medical International Inc. )NP )PP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP Chemical )NP (VP served (PP as (NP both (NP the lead bank )NP and (NP an equity investor )NP )NP )PP )VP )S )SBAR )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP Beyond (NP (NP the current weakness )NP (PP in (NP the junk bond market )NP )PP )NP )PP , (NP banks )NP (VP have (NP (NP another advantage )NP (PP over (NP investment banks )NP )PP )NP (PP in (S (VP financing (NP *UNKED takeovers )NP )VP )S )PP )VP . )S  STOP
(S (NP (NP Arthur *UNKC Jr. )NP , (NP (NP a takeover lawyer )NP (PP at (NP Fried Frank Harris *UNKC & Jacobson )NP )PP )NP , )NP (VP notes (SBAR that (S `` (NP (NP a (ADJP political and emotional )ADJP bias )NP )NP '' (VP has (VP developed (PP against (NP junk bonds )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP One hostile bidder )NP (SBAR (WHNP who )WHNP (S (ADVP deliberately )ADVP (VP avoided (S (VP using (NP junk bonds )NP )VP )S )VP )S )SBAR )NP (VP was (NP Paramount Communications Inc. )NP (PP in (NP its initial offer (S (VP to (VP acquire (NP Time Inc. )NP (PP for (NP (NP (QP $ *UNKN billion )QP )NP , or (NP (NP $ 175 )NP (NP a share )NP )NP )NP )PP )VP )VP )S )NP )PP )VP . )S  STOP
(S (NP A Paramount spokesman )NP (VP says (SBAR (S (NP that decision )NP (VP was (VP based (PP on (NP (NP the (ADJP financial , not political , )ADJP *UNK )NP (PP of (NP junk bonds )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP some observers )NP (VP believe (SBAR (S (NP Paramount Chairman Martin Davis )NP (VP wanted (S (VP to (VP avoid (NP (NP the possible *UNK )NP (PP of (S (VP being (VP perceived (PP as (NP a corporate raider )NP )PP (PP in (NP (NP his controversial bid )NP (PP for (NP Time )NP )PP )NP )PP )VP )VP )S )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP the end )NP )PP , (NP Mr. Davis )NP (VP used (NP junk bonds )NP (SBAR so that (S (NP he )NP (VP could (VP raise (NP (NP Paramount 's )NP bid )NP (PP to (NP (NP $ 200 )NP (NP a share )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Some *UNKING *UNK )NP (VP said (SBAR (S (NP (NP the initial lower bid )NP , (PP without (NP junk bonds )NP )PP , )NP (VP was (NP (NP a factor )NP (PP in (S (NP his )NP (VP losing (NP the company )NP )VP )S )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Time )NP (VP *UNKED (NP Paramount )NP (PP by (S (VP acquiring (NP Warner Communications Inc )NP )VP )S )PP )VP . )S  STOP
(S (NP (NP (NP The success )NP (PP of (NP the NWA financing )NP )PP )NP , and (NP (NP the failure )NP (PP of (NP the UAL deal )NP )PP )NP , )NP (ADVP also )ADVP (VP seem (S (VP to (VP highlight (NP (NP the important new role )NP (PP in (NP takeover financing )NP )PP (VP being (VP played (PP by (NP Japanese banks )NP )PP )VP )VP )NP )VP )VP )S )VP . )S  STOP
(S (NP Japanese banks )NP (VP accounted (PP for (NP (NP 50 % )NP (PP of (NP the NWA bank debt )NP )PP )NP )PP , (PP according (PP to (NP (NP a report )NP (PP by (NP Transportation Secretary Samuel *UNKC )NP )PP )NP )PP )PP )VP . )S  STOP
(S But (NP it )NP (VP was (NP (NP *UNK- rejection )NP (PP by (NP Japanese banks )NP )PP )NP (SBAR (WHNP that )WHNP (S (VP helped (S (VP *UNK (NP (NP the fate )NP (PP of (NP the attempt (S (VP to (VP buy (NP UAL )NP )VP )VP )S )NP )PP )NP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Citicorp and Chase )NP (VP are (VP attempting (S (VP to (VP put (PRT together )PRT (NP a new , lower bid )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP chief economist )NP (PP of (NP (NP (NP the Institute )NP (PP for (NP Financial Affairs Inc. )NP )PP )NP , (NP (NP a Tokyo research center )NP (PP on (NP finance and economics )NP )PP )NP , )NP )PP )NP )NP (VP says , `` (S (S (NP The junk bond market )NP (VP became (ADJP very *UNK )ADJP )VP )S , and (S (NP there )NP (VP 's (NP (NP a fear )NP (PP of (NP (NP a coming recession )NP and (NP (NP the possible bankruptcy )NP (PP of (NP LBO companies )NP )PP )NP )NP )PP )NP )VP )S )S )VP . )S  STOP
(S (NP *UNKC Inc. )NP (VP filed (NP suit )NP (PP in (NP federal court )NP )PP (ADVP here )ADVP , (S (VP alleging (SBAR that (S (NP (NP a group )NP (SBAR (WHNP that )WHNP (S (VP holds (NP (NP 6.2 % )NP (PP of (NP its stock )NP )PP )NP )VP )S )SBAR )NP (VP made (NP `` (ADJP false , *UNK and misleading )ADJP '' statements )NP (PP in (NP recent (NX (NX regulatory filings )NX and (NX public announcements )NX )NX )NP )PP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP (NP *UNKC 's )NP complaint )NP (VP claims (SBAR (SBAR that (S (NP (NP the group )NP , (VP led (PP by (NP investor Malcolm I. *UNKC )NP )PP )VP , )NP (VP violated (NP securities laws )NP (PP by (S (VP failing (S (VP to (VP disclose (NP plans (S (VP to (VP purchase (NP (NP 15 % )NP (PP of (NP (NP (NP the company 's )NP shares )NP (ADJP outstanding )ADJP )NP )PP )NP )VP )VP )S )NP )VP )VP )S )VP )S )PP )VP )S )SBAR and (SBAR that (S (SBAR (WHADVP when )WHADVP (S (NP the required *UNKC filing )NP (ADVP eventually )ADVP (VP was (VP made )VP )VP )S )SBAR , (NP it )NP (VP did n't (VP disclose (NP (NP (NP the group 's )NP alleged earlier violation )NP (PP of (NP (NP the so-called *UNK- requirements )NP (PP of (NP the law )NP )PP )NP )PP )NP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP could n't (ADVP immediately )ADVP (VP be (VP reached (S (VP to (VP comment )VP )VP )S )VP )VP )VP . )S  STOP
(S But (SBAR (WHADVP when )WHADVP (S (NP *UNKC )NP (NP last week )NP (ADVP publicly )ADVP (VP questioned (NP (NP the *UNK )NP (PP of (NP (NP the group 's )NP filing procedures )NP )PP )NP )VP )S )SBAR , (S (NP the (NAC Rochester , N.Y. , )NAC investor )NP (VP said `` (S (NP we )NP (VP *UNKED (PP with (NP every law )NP )PP )VP )S )VP )S , '' and (S (NP he )NP (VP denied (NP any wrongdoing )NP )VP )S . )S  STOP
(S (NP The *UNKC group )NP (VP said (PP in (NP a Securities and Exchange Commission filing )NP )PP (PP in (NP early October )NP )PP (SBAR that (S (NP it )NP (VP may (VP (VP seek (NP (NP a controlling interest )NP (PP in (NP *UNKC )NP )PP )NP )VP , or (VP seek (NP (NP representation )NP (PP on (NP (NP the company 's )NP board )NP )PP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP has (VP said (SBAR (S (NP it )NP (VP does n't (VP intend (S (VP to (VP be (VP acquired (PP by (NP (NP the *UNKC group )NP or (NP any other party )NP )NP )PP )VP )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP *UNKC Steel Industries Inc. )NP , (VP battered (PP by (NP (NP lower volume )NP and (NP higher costs )NP )NP )PP )VP , )NP (VP posted (NP (NP a (ADJP 75 % )ADJP drop )NP (PP in (NP third-quarter earnings )NP )PP )NP )VP . )S  STOP
(S (NP (NP The nation 's )NP *UNK- steelmaker )NP (VP earned (NP (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 43 cents )NP (NP a share )NP )NP , )NP (PP compared (PP with (NP (NP (NP (QP $ 61 million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP (ADVP (ADVP (NP a year )NP earlier )ADVP , (SBAR (WHADVP when )WHADVP (S (NP the industry )NP (VP was (VP *UNKING (NP (NP peak demand )NP and (NP strong pricing )NP )NP )VP )VP )S )SBAR )ADVP )NP )PP )PP )NP )VP . )S  STOP
(S (NP Sales )NP (VP fell (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ 1.02 billion )QP )NP )PP )VP . )S  STOP
(S (NP The earnings )NP (ADVP also )ADVP (VP mark (NP (NP a significant drop )NP (PP from (NP (NP (NP the second quarter 's )NP (QP $ *UNKN million )QP )NP or (NP (NP $ 1.25 )NP (NP a share )NP )NP )NP )PP )NP )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP the earnings )NP (VP were (PP (ADVP well )ADVP below (NP (NP (NP analysts ' )NP expectations )NP (PP of (NP (NP (QP about $ *UNKN )QP )NP (NP a share )NP )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP (NP composite trading )NP (PP on (NP the New York Stock Exchange )NP )PP )NP )PP , (NP *UNKC )NP (VP closed (NP yesterday )NP (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP , (ADVP down (NP $ 1 )NP )ADVP )VP . )S  STOP
(S (NP The company )NP (VP attributed (NP the earnings drop )NP (PP to (NP (NP lower volume )NP (VP related (PP to (NP (NP seasonal demand )NP and (NP (NP the soft consumer durable market )NP , (PP (ADVP especially )ADVP in (NP the automotive sector )NP )PP )NP )NP )PP )VP )NP )PP )VP . )S  STOP
(S (ADVP However )ADVP , (NP the company )NP (ADVP also )ADVP (VP lost (NP orders )NP (PP because of (NP (NP prolonged labor talks )NP (PP in (NP the second quarter )NP )PP )NP )PP )VP . )S  STOP
(S (NP Third-quarter shipments )NP (VP (VP slipped (NP 7 % )NP (PP from (NP the year-ago period )NP )PP )VP , and (VP (NP 17 % )NP (PP from (NP (NP this year 's )NP second quarter )NP )PP )VP )VP . )S  STOP
(S (NP (NP Profit )NP (PP of (NP (NP steel )NP (VP shipped (PP for (NP (NP the company 's )NP steel segment )NP )PP )VP )NP )PP )NP (VP slid (PP to (NP (NP $ 26 )NP (NP a ton )NP )NP )PP , (PP from (NP (NP (NP (NP $ 66 )NP (NP a ton )NP )NP (ADVP (NP a year )NP earlier )ADVP )NP and (NP (NP (NP $ 57 )NP (NP a ton )NP )NP (ADVP (NP a quarter )NP earlier )ADVP )NP )NP )PP )VP . )S  STOP
(S (NP Analysts )NP (VP noted (SBAR that (S (NP the disappointing results )NP (VP do n't (VP reflect (NP (NP lower prices )NP (PP for (NP steel products )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Charles *UNKC )NP , (NP (NP an analyst )NP (PP with (NP Merrill Lynch Capital Markets )NP )PP )NP , )NP (VP said (SBAR (S (NP (NP higher prices )NP (PP for (NP galvanized and *UNKED products )NP )PP )NP (VP offset (NP (NP lower prices )NP (PP for (NP (ADJP bar , *UNKED and structural )ADJP steel )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP *UNKC steel )NP , (SBAR (WHNP which )WHNP (S (ADVP primarily )ADVP (VP serves (NP the construction market )NP )VP )S )SBAR , )NP (VP was (ADVP especially )ADVP (VP hurt (PP by (NP a (ADJP 15 % )ADJP price drop )NP )PP )VP )VP )S , (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP its integrated steel sector )NP (VP was (ADVP also )ADVP (VP hurt (PP by (NP higher raw material , repair and maintenance , and labor costs )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The increased labor costs )NP (VP became (ADJP effective )ADJP (NP Aug. 1 )NP (PP under (NP (NP terms )NP (PP of (NP (NP the four-year labor agreement )NP (PP with (NP the United *UNKC union )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP (NP the company 's )NP service center segment )NP , (SBAR (WHNP which )WHNP (S (VP saw (S (NP operating profit )NP (VP drop (PP to (NP (QP $ 11.5 million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP (ADVP (NP a year )NP ago )ADVP )PP )VP )S )VP )S )SBAR , )NP (VP experienced (NP (NP (NP much )NP (PP of (NP the same demand and cost problems )NP )PP )NP , (CONJP as well as )CONJP (NP (NP start-up costs )NP (VP associated (PP with (NP (NP (NP a *UNK processing facility )NP (PP in (NP Chicago )NP )PP )NP and (NP an *UNKED computer information system )NP )NP )PP )VP )NP )NP )VP . )S  STOP
(S (NP *UNKC Chairman Frank W. *UNKC )NP (VP said (SBAR (S (NP (NP the company 's )NP short-term outlook )NP (VP is `` (VP *UNKED (PP by (NP (NP uncertainties )NP (PP in (NP (NP the economy )NP and (NP financial markets )NP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (ADVP However )ADVP , (NP he )NP (VP noted (SBAR (SBAR that (S (NP steel mill *UNK )NP (VP are (ADVP up (PP from (NP early summer levels )NP )PP )ADVP )VP )S )SBAR , and (SBAR that (S (NP he )NP (VP expects (S (NP the company )NP (VP to (VP improve (NP its cost performance )NP (PP in (NP the fourth quarter )NP )PP )VP )VP )S )VP )S )SBAR )SBAR )VP . )S  STOP
(S (PP In (NP the first nine months )NP )PP , (NP profit )NP (VP was (NP (NP (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (PP on (NP (NP sales )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP )PP )NP , (PP compared (PP with (NP (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (PP on (NP (NP sales )NP (PP of (NP (QP $ *UNKN billion )QP , )NP )PP (ADVP (NP a year )NP earlier )ADVP )NP )PP )NP )PP )PP )NP )VP . )S  STOP
(S (NP (NP The `` *UNK '' activity )NP (PP of (NP a financial market )NP )PP )NP (VP bears (NP (NP a *UNK )NP (PP to (NP (NP the *UNK activity )NP (PP of (NP the earth )NP )PP )NP )PP )NP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP things )NP (VP (NP are (ADJP quiet )ADJP )NP (PRN -LRB- (NP low volatility )NP -RRB- )PRN )VP )S )SBAR , (NP (NP the structures )NP (SBAR (WHPP on (WHNP which )WHNP )WHPP (S (NP markets )NP (VP stand )VP )S )SBAR )NP (VP can (VP (VP be (ADJP relatively inefficient )ADJP )VP and (VP (ADVP still )ADVP perform (NP their functions )NP (ADVP *UNKLY )ADVP )VP )VP )VP . )S  STOP
(X (ADVP However )ADVP , (SBAR (WHADVP when )WHADVP (S (NP powerful forces )NP (VP start (S (VP shaking (NP (NP the market 's )NP structure )NP )VP )S )VP )S )SBAR , (SBAR (X the (ADJP more `` *UNK- '' )ADJP )X (S (NP it )NP (VP is )VP )S )SBAR , (X the better )X (NP (NP its chance )NP (PP for (NP survival )NP )PP )NP . )X  STOP
(S (NP (NP America 's )NP financial markets )NP (VP do not (ADVP yet )ADVP (VP have (NP (NP all the required modern features )NP (VP required (S (VP to (VP make (S (NP them )NP (ADJP fully `` *UNK- )ADJP )S )VP )VP )S )VP )NP )VP )VP . '' )S  STOP
(S (NP Investors )NP (VP lack (NP (NP equal access )NP (PP to (NP (NP (NP the markets ' )NP trading *UNK )NP and (NP its information )NP )NP )PP )NP )VP . )S  STOP
(S (NP That structural lack )NP (VP is (ADJP crucial )ADJP (SBAR because (S (NP investors )NP (VP are (NP (NP the only source )NP (PP of (NP market liquidity )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S And (NP liquidity )NP (VP is (SBAR (WHNP what )WHNP (S (NP markets )NP (VP need (S (VP to (VP damp (NP *UNK and *UNK )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP today 's )NP markets )NP )PP , (NP (NP (NP specialists )NP (PRN -LRB- (PP on (NP the New York Stock Exchange )NP )PP -RRB- )PRN )NP and (NP (NP `` *UNK '' market makers )NP (PRN -LRB- (PP in (NP the over-the-counter market )NP )PP -RRB- )PRN )NP )NP (VP are (NP (NP the only market participants )NP (VP allowed (S (VP to (VP play (NP a direct role )NP (PP in (NP the *UNK- process )NP )PP )VP )VP )S )VP )NP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP they )NP (VP halt (NP trading )NP )VP )S )SBAR , (NP all market liquidity )NP (VP is (ADJP gone )ADJP )VP . )S  STOP
(S And (SBAR (WHADVP when )WHADVP (S (NP (NP (NP any component )NP (PP of (NP the market )NP )PP )NP -- (NP cash , futures or options )NP -- )NP (VP loses (NP liquidity )NP )VP )S )SBAR , (NP (NP the price discovery system )NP (PRN -LRB- (NP (NP the way )NP (SBAR (S (NP prices )NP (VP are (VP determined )VP )VP )S )SBAR )NP -RRB- )PRN )NP (VP (VP becomes (ADJP *UNKED )ADJP )VP or (VP is (VP lost (ADVP entirely )ADVP (PP for (NP a time )NP )PP )VP )VP )VP . )S  STOP
(S (NP Last Friday the 13th )NP (PRN -LRB- (PP as well as (ADVP (NP two years )NP ago (NP this week )NP )ADVP )PP -RRB- )PRN (NP the markets )NP (VP became (ADJP *UNKED )ADJP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP that )NP (VP happened )VP )S )SBAR , (NP (NP `` *UNK '' tremors )NP (PP of (NP fear )NP )PP )NP (PRN -- (PP (ADVP much )ADVP like (NP (NP the shock waves )NP (VP created (PP by (NP an earthquake )NP )PP )VP )NP )PP -- )PRN (VP (VP *UNKED (PP through (NP the market )NP )PP )VP and (VP increased (NP (NP the market 's )NP volatility )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP important , needed information )NP )PP )NP (VP can (VP cause (NP fear )NP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (NP (NP the father )NP (PP of (NP panic )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC )NP (ADVP frequently )ADVP (VP results (PP in (NP *UNK behavior )NP )PP )VP . )S  STOP
(S And (PP in (NP financial markets )NP )PP , (NP *UNK behavior )NP (VP is (ADVP sometimes )ADVP (VP translated (PP into (NP catastrophe )NP )PP )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP market tremors )NP (VP start )VP )S )SBAR , (NP (NP it )NP )NP (VP is (ADJP crucial )ADJP (SBAR that (S (NP (NP as much information )NP (PP about (NP (NP transaction prices )NP and (NP (NP the *UNK- *UNK )NP (PRN -LRB- (NP (NP buy and sell orders )NP (PP at (NP various prices )NP )PP )NP -RRB- )PRN )NP )NP )PP )NP (VP be (VP made (S (ADJP available (PP (PP to (NP all )NP )PP , (CONJP not just )CONJP (PP to (NP market makers )NP )PP )PP )ADJP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Because of (NP (NP a lack )NP (PP of (NP information and access )NP )PP )NP )PP , (NP (NP many investors )NP -- (PP including (NP (NP the very ones )NP (SBAR (WHNP whose buying power )WHNP (S (VP could (VP (VP restore (NP stability )NP )VP and (VP damp (NP volatility )NP )VP )VP )VP )S )SBAR )NP )PP -- )NP (VP are (VP forced (S (VP to (VP stand (PP on (NP the sidelines )NP )PP (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP are (ADVP most )ADVP (VP needed )VP )VP )S )SBAR , (PP because of (NP (NP their *UNK )NP (PP of (NP important market information )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (S (VP To (VP add (NP *UNKING power )NP (PP to (NP (NP America 's )NP markets )NP )PP )VP )VP )S , (NP (NP a modern , electronic trading system )NP )NP (VP should (VP be (VP implemented (SBAR (WHNP that )WHNP (S (VP permits (NP (NP equal access )NP (PP to (NP (NP the trading *UNK )NP -LRB- and (NP (NP the information )NP (SBAR (WHNP that )WHNP (S (VP would (ADVP automatically )ADVP (VP *UNK (NP such access )NP )VP )VP )S )SBAR )NP -RRB- )NP )PP (PP by (NP (NP investors )NP -- (ADVP particularly )ADVP (NP institutional investors )NP )NP )PP )NP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (ADVP *UNKC (PP to (NP some opinions )NP )PP )ADVP , (NP (NP the trading activities )NP (PP of (NP (NP specialists )NP and (NP other market makers )NP )NP )PP )NP (VP do not (VP provide (NP liquidity )NP (PP to (NP (NP the market )NP (PP as (NP a whole )NP )PP )NP )PP )VP )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (NP market makers )NP (VP provide )VP )S )SBAR (VP is (NP (NP *UNK )NP , (NP a (ADJP very valuable )ADJP service )NP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP is not (NP a service )NP )VP . )S  STOP
(S (NP It )NP (VP is (NP (NP a market *UNK )NP -- (NP the ability (S (VP to (VP absorb (NP selling orders )NP (PP without (S (VP causing (NP significant price changes )NP )VP )S )PP (PP in (NP (NP the absence )NP (PP of (NP news )NP )PP )NP )PP )VP )VP )S )NP )NP )VP . )S  STOP
(S (S (NP Market makers )NP (VP buy (SBAR (WHNP what )WHNP (S (NP investors )NP (VP wish (S (VP to (VP sell )VP )VP )S )VP )S )SBAR )VP )S ; (S (NP their business )NP (VP is (VP *UNKING (NP these *UNKED positions )NP (ADVP (ADVP as quickly )ADVP (PP as (ADJP possible )ADJP )PP )ADVP (PP to (NP other investors )NP )PP (PRN , and (PP at (NP a profit )NP )PP )PRN )VP )VP )S . )S  STOP
(S (S (PP As (NP a result )NP )PP , (SBAR while (S (NP any one customer )NP (VP may (VP purchase (NP *UNK )NP (PP by (S (VP (VP selling (PP to (NP a market maker )NP )PP )VP -LRB- (SBAR (WHNP which )WHNP (S (VP is (NP *UNK- )NP (PP for (NP the investor )NP )PP )VP )S )SBAR -RRB- )VP )S )PP )VP )VP )S )SBAR , (NP (NP the market )NP (PP as (NP a whole )NP )PP )NP (VP remains (PP in (NP (NP the same circumstances )NP (SBAR (S (NP it )NP (VP was (PP before (NP the transaction )NP )PP )VP )S )SBAR )NP )PP )VP )S : (S (S (NP The *UNKED position )NP (VP is (ADVP still )ADVP (NP an *UNKED position )NP )VP )S ; (S (NP (NP only the identity )NP (PP of (NP the seller )NP )PP )NP (VP has (VP changed )VP )VP )S )S . )S  STOP
(S (PP In (NP fact )NP )PP (NP it )NP (VP can (VP be (VP argued (SBAR that (S (S (VP (VP increasing (NP (NP capital commitments )NP (PP by (NP market makers )NP )PP )NP )VP (PRN -LRB- (NP (NP a result )NP (PP of (NP some (ADJP *UNK- crash )ADJP studies )NP )PP )NP -RRB- )PRN )VP )S (ADVP also )ADVP (VP increases (NP market volatility )NP )VP )S )SBAR , (SBAR since (S (SBAR (X the more )X (S (NP securities )NP (VP are (VP held (PP by (NP market makers )NP )PP (PP at (NP any given time )NP )PP )VP )VP )S )SBAR , (X the more )X (NP selling pressure )NP (VP is (VP *UNKING (NP the market )NP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (PP In (NP an open electronic system )NP )PP , (NP (NP any investor )NP (VP *UNKING (S (VP to (VP pay (PP for (NP (NP *UNK- access )NP (PP to (NP the trading *UNK )NP )PP (PP through (NP a registered broker-dealer )NP )PP )NP )PP )VP )VP )S )VP )NP (VP would (VP be (ADJP able (S (VP (VP to (VP see (NP (NP the entire *UNK- *UNK )NP (PRN -LRB- (NP (NP buy and sell orders )NP (PP at (NP each price )NP )PP )NP -RRB- )PRN (VP entered (PP by (NP (NP dealers and investors )NP (ADVP alike )ADVP )NP )PP )VP )NP )VP )VP , and (VP to (VP enter and execute (NP orders )NP )VP )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (NP Current quotations )NP (VP would (VP reflect (NP (NP (NP the combined financial judgment )NP (PP of (NP all market participants )NP )PP )NP -- (CONJP not just )CONJP (NP (NP those )NP (PP of (NP (NP *UNK )NP (SBAR (WHNP who )WHNP (S (VP become (ADJP extremely *UNK- )ADJP (PP during (NP (NP times )NP (PP of (NP crisis )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )NP )VP )VP . )S  STOP
(S (NP (NP Investors and professionals )NP (ADVP alike )ADVP )NP (VP would (VP compete (PP on (NP (NP the level playing field )NP (SBAR (S (NP Congress )NP (VP (VP sought )VP and (VP called (S (NP (NP a `` national market system '' )NP -LRB- (VP (ADVP not yet )ADVP achieved )VP -RRB- )NP )S )VP (ADVP (NP (QP almost 15 )QP years )NP ago )ADVP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP passed (NP (NP the Securities Reform Act )NP (PP of (NP 1975 )NP )PP )NP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP Last Friday 's )NP market gyrations )NP (VP did not (VP result (PP in (NP severe `` aftershocks )NP )PP )VP )VP . '' )S  STOP
(SQ *UNKC (NP we )NP (ADJP smart or just lucky )ADJP ? )SQ  STOP
(S (NP I )NP (VP 'm not (ADJP certain )ADJP )VP . )S  STOP
(S But (NP I )NP (VP am (ADJP sure (SBAR (S (NP we )NP (VP need (S (VP to (VP maximize (NP our `` earthquake '' protection )NP (PP by (S (VP making (ADJP certain )ADJP (SBAR that (S (NP our market structures )NP (VP let (S (NP investors )NP (VP add (NP their *UNK *UNKING power )NP (PP to (NP (NP our nation 's )NP markets )NP )PP )VP )S )VP )S )SBAR )VP )S )PP )VP )VP )S )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (NP (NP chairman )NP (PP of (NP (NP his own consulting company )NP (PP in (NP (NP *UNKC )NP , (NP N.J )NP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (S (ADVP *UNKC )ADVP (NP *UNKC )NP (VP *UNKC (NP *UNK )NP )VP )S , (S (ADVP now )ADVP (NP you )NP (VP do n't )VP )S . )S  STOP
(S (NP The recession )NP , (NP that )NP (VP is )VP . )S  STOP
(S (NP (NP The economy 's )NP *UNK steps )NP (VP leave (S (NP investors )NP (VP wondering (SBAR whether (S (NP things )NP (VP are (VP (VP slowing (PRT down )PRT )VP or (VP *UNKING (PRT up )PRT )VP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(SINV (ADVP (ADVP So often )ADVP )ADVP are (NP government statistics )NP (VP revised )VP (SBAR that (S (NP they )NP (VP seem (S (VP to (VP *UNK (NP a *UNKING weather *UNK )NP )VP )VP )S )VP )S )SBAR . )SINV  STOP
(S (PP For (NP the past seven years )NP )PP , (NP investors )NP (VP have (VP had (NP the wind )NP (PP at (NP their backs )NP )PP , (PP in (NP (NP the form )NP (PP of (NP a (ADJP generally growing )ADJP economy )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP Some )NP (VP may (VP have (VP forgotten )VP )VP )VP )S -- and (S (NP some younger ones )NP (VP may (ADVP never )ADVP (VP have (VP experienced )VP )VP )VP )S -- (SBAR (WHNP what )WHNP (S (NP (NP it )NP )NP (VP 's (PP like )PP (S (VP to (VP invest (PP during (NP a recession )NP )PP )VP )VP )S )VP )S )SBAR . )S  STOP
(S (NP *UNKC tactics )NP (VP are (VP called (PP for )PP , (SBAR as (S (S (S (VP losing (NP money )NP )VP )S (VP becomes (ADJP easier )ADJP )VP )S and (S (S (VP making (NP money )NP )VP )S (VP becomes (ADJP tougher )ADJP )VP )S )S )SBAR )VP )VP . )S  STOP
(S (PP For (NP (NP those investors )NP (SBAR (WHNP who )WHNP (S (VP believe (PRN -- or fear -- )PRN (SBAR that (S (NP 1990 )NP (VP will (VP be (NP a recession year )NP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP , (NP many economists and money managers )NP (VP agree (PP on (NP (NP steps )NP (SBAR (WHNP that )WHNP (S (VP can (VP be (VP taken (S (VP to (VP lower (NP (NP the risks )NP (PP in (NP a portfolio )NP )PP )NP )VP )VP )S )VP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP In (NP a *UNK )NP )PP , (NP pros )NP (VP advise (NP (NP investors )NP (SBAR (WHNP who )WHNP (S (VP expect (NP a slowdown )NP )VP )S )SBAR )NP (S (VP (VP to (VP hold (NP (NP fewer stocks )NP (PP than (ADJP usual )ADJP )PP )NP )VP )VP and (VP to (VP favor (NP (NP shares )NP (PP of (NP (NP big companies )NP (PP in (NP `` defensive '' industries )NP )PP )NP )PP )NP )VP )VP )VP )S )VP . )S  STOP
(S (NP (NP A heavy *UNK )NP (PP of (NP cash )NP )PP )NP (VP is (VP *UNKED , (ADVP along (PP with (NP (NP a *UNK- *UNK )NP (PP to (NP (NP bonds )NP -- (ADVP *UNKLY )ADVP (NP government bonds )NP )NP )PP )NP )PP )ADVP )VP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP 's (ADJP *UNKING )ADJP (S (VP to (VP think (SBAR (S (NP these defensive steps )NP (VP can (VP be (VP delayed (SBAR until (S (NP a recession )NP (VP is (ADVP clearly )ADVP (PP at (NP hand )NP )PP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S But (NP that )NP (VP may not (VP be (ADJP possible )ADJP , (SBAR because (S (NP *UNK )NP (ADVP often )ADVP (VP take (NP investors )NP (PP by (NP surprise )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S `` (NP They )NP (ADVP always )ADVP (VP seem (S (VP to (VP come (ADVP (NP a bit )NP later (SBAR than (S (NP you )NP (VP expect )VP )S )SBAR )ADVP )VP )VP )S )VP . )S  STOP
(SINV (S (SBAR (WHADVP When )WHADVP (S (NP they )NP (VP do (VP hit )VP )VP )S )SBAR , (NP they )NP (VP hit (ADVP fast )ADVP )VP )S , '' (VP says )VP (NP (NP David A. *UNKC )NP , (NP (NP chief financial economist )NP (PP at (NP (NP the Data Resources division )NP (PP of (NP *UNKC Inc )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (SBAR Though (S (NP (NP he )NP (NP himself )NP )NP (VP does n't (VP expect (NP (NP a recession )NP (ADVP soon )ADVP )NP )VP )VP )S )SBAR , (NP Mr. *UNKC )NP (VP advises (NP (NP people )NP (SBAR (WHNP who )WHNP (S (VP do )VP )S )SBAR )NP (SBAR that `` (S (NP (NP the best thing )NP (SBAR (S (VP to (VP be (PP in )PP )VP )VP )S )SBAR )NP (VP is (NP (ADJP (ADJP long )ADJP (PRN (S (NP that )NP (VP is )VP )S )PRN , (ADJP 20-year to 30-year )ADJP )ADJP Treasury bonds )NP )VP . '' )S )SBAR )VP )S  STOP
(S (S (S (NP The reason )NP (VP is (ADJP simple )ADJP )VP )S , (NP Mr. *UNKC )NP (VP says )VP )S : `` (S (NP Interest rates )NP (ADVP almost always )ADVP (VP decline (PP during (NP recession )NP )PP )VP )S . '' )S  STOP
(S (ADVP As surely (SBAR as (S (NP a *UNK )NP (VP *UNK )VP )S )SBAR )ADVP , (NP falling interest rates )NP (VP force (ADVP up )ADVP (NP (NP the price )NP (PP of (NP (ADJP previously issued )ADJP bonds )NP )PP )NP )VP . )S  STOP
(S (NP They )NP (VP are (PP worth (NP more )NP )PP (SBAR because (S (NP they )NP (VP pay (NP (NP higher interest )NP (SBAR than (S (NP (ADJP newly issued )ADJP bonds )NP (VP do )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP That effect )NP (VP holds (S (ADJP true )ADJP )S (PP for (NP (ADJP both short-term and long-term )ADJP bonds )NP )PP )VP . )S  STOP
(S But (NP short-term bonds )NP (VP ca n't (VP rise (ADVP too much )ADVP , (SBAR because (S (NP everyone )NP (VP knows (SBAR (S (NP they )NP will (VP be (VP redeemed (PP at (NP a *UNK price )NP )PP (ADVP fairly soon )ADVP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Long-term bonds )NP , (PP with (NP (NP many years )NP (ADJP left )ADJP (PP before (NP maturity )NP )PP )NP )PP , )NP (VP swing (ADVP more widely )ADVP (PP in (NP price )NP )PP )VP . )S  STOP
(S But (NP not just any bonds )NP (VP will (VP do )VP )VP . )S  STOP
(S (S (NP Corporate bonds )NP `` (VP are (ADVP usually )ADVP not (NP a good bet )NP (PP in (NP a recession )NP )PP )VP )S , '' (NP Mr. Wyss )NP (VP says )VP . )S  STOP
(S (SBAR As (S (NP times )NP (VP get (ADJP tougher )ADJP )VP )S )SBAR , (NP investors )NP (VP *UNK (PP about (SBAR whether (S (NP companies )NP (VP will (VP have (NP (NP enough money )NP (SBAR (S (VP to (VP pay (NP their debts )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )PP )VP . )S  STOP
(S (NP This )NP (VP *UNK (NP (NP the price )NP (PP of (NP corporate bonds )NP )PP )NP )VP . )S  STOP
(S (ADVP Also )ADVP , (PRN (S (NP he )NP (VP notes )VP )S , )PRN `` (NP most corporate bonds )NP (VP are (ADJP *UNK )ADJP )VP . '' )S  STOP
(S (NP That )NP (VP means (SBAR that (S (NP a corporation )NP , (SBAR after (S (NP (NP a specified amount )NP (PP of (NP time )NP )PP )NP (VP has (VP passed )VP )VP )S )SBAR , (VP can (VP buy (ADVP back )ADVP (NP its bonds )NP (PP by (S (VP paying (NP investors )NP (NP (NP the face value )NP (PRN -LRB- plus , (PP in (NP some cases )NP )PP , (NP a *UNK )NP -RRB- )PRN )NP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (SBAR (WHADVP When )WHADVP (S (NP interest rates )NP (VP have (VP dropped )VP )VP )S )SBAR , (NP (NP it )NP )NP (VP makes (NP sense )NP (SBAR for (S (NP corporations )NP (VP to (VP do (NP just that )NP )VP )VP )S )SBAR )VP )S ; (S (NP they )NP (ADVP then )ADVP (VP save (PP on (NP interest costs )NP )PP )VP )S . )S  STOP
(S But (NP the investors )NP (VP are (VP left (S (VP *UNKED (PP with (NP (NP money )NP (SBAR (S (VP to (VP *UNK )VP )VP )S )SBAR )NP )PP )VP )S (PP at (NP (NP a time )NP (SBAR (WHADVP when )WHADVP (S (NP interest rates )NP (VP are (ADJP *UNK )ADJP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (SBAR If (S (NP corporate bonds )NP (VP are (ADJP bad )ADJP (PP in (NP *UNK )NP )PP )VP )S )SBAR , (NP junk bonds )NP (VP are (ADJP likely (S (VP to (VP be (NP (NP the worst )NP (PP of (NP all )NP )PP )NP )VP )VP )S )ADJP )VP . )S  STOP
(SINV (S (NP (NP It )NP )NP (VP 's (NP an `` *UNK necessity '' )NP (S (VP to (VP get (PP out (PP of (NP junk bonds )NP )PP )PP (SBAR (WHADVP when )WHADVP (S (NP a recession )NP (VP is (PP in (NP the *UNKING )NP )PP )VP )S )SBAR )VP )VP )S )VP )S , (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP professor )NP (PP of (NP finance )NP )PP (PP at (NP *UNKC University )NP )PP )NP )NP . )SINV  STOP
(S `` (S (NP Such bonds )NP (VP are (ADJP very sensitive (PP to (NP the *UNK )NP )PP )ADJP )VP )S , and (S (NP this )NP (VP could (VP be (NP a disaster )NP )VP )VP )S . '' )S  STOP
(S (NP Municipal bonds )NP (VP are (ADVP generally )ADVP (ADJP (ADJP (ADJP a bit safer )ADJP (PP than (NP (NP corporate bonds )NP (PP in (NP a recession )NP )PP )NP )PP )ADJP , but (ADJP (ADJP not as safe )ADJP (PP as (NP (NP bonds )NP (VP issued (PP by (NP the federal government )NP )PP )VP )NP )PP )ADJP )ADJP )VP . )S  STOP
(S (PP During (NP an economic slump )NP )PP , (NP local tax revenues )NP (ADVP often )ADVP (VP go (ADVP down )ADVP , (S (VP raising (NP (NP the risks )NP (VP associated (PP with (NP (ADVP at least )ADVP some municipals )NP )PP )VP )NP )VP )S )VP . )S  STOP
(S And , (PP like (NP *UNK )NP )PP , (NP many municipal bonds )NP (VP are (ADJP *UNK )ADJP )VP . )S  STOP
(S But (NP a few experts )NP , (S (VP going (PP against (NP the consensus )NP )PP )VP )S , (VP do n't (VP think (SBAR (S (NP bonds )NP (VP would (VP help (NP investors )NP (SBAR even if (S (NP a recession )NP (VP is (PP in (NP the *UNKING )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP One )NP (PP of (NP these )NP )PP )NP (VP is (NP (NP Jeffrey L. Beach )NP , (NP (NP director )NP (PP of (NP research )NP )PP (PP for (NP (NP (NP *UNKC *UNKC )NP & (NP Co. )NP )NP , (NP (NP a brokerage house )NP (PP in (NP Houston )NP )PP )NP )NP )PP )NP , (SBAR (WHNP who )WHNP (S (VP thinks (SBAR that (S `` (NP we )NP (VP 're (UCP either (PP in (NP a recession )NP )PP or (ADJP about (S (VP to (VP go (PP into (NP one )NP )PP )VP )VP )S )ADJP )UCP )VP . '' )S )SBAR )VP )S )SBAR )NP )VP )S  STOP
(S (S (S (NP What )NP (VP 's (NP more )NP )VP )S , (NP he )NP (VP thinks (SBAR (S (NP this )NP (VP could (VP be (NP (NP a *UNK recession )NP (PP than (ADJP usual )ADJP )PP )NP )VP )VP )S )SBAR )VP )S : `` (S (SBAR Once (S (NP the downturn )NP (VP comes )VP )S )SBAR , (NP it )NP (VP 's (VP going (S (VP to (VP be (ADJP very hard (SBAR (S (VP to (VP reverse )VP )VP )S )SBAR )ADJP )VP )VP )S )VP )VP . '' )S )S  STOP
(S (NP Investors )NP (PRN , (S (NP he )NP (VP advises )VP )S , `` )PRN (VP should (VP be (ADJP cautious )ADJP , '' (S (VP (VP holding (NP (NP fewer stocks )NP (PP than (ADJP usual )ADJP )PP )NP )VP and (ADVP also )ADVP (VP *UNKING (NP bonds )NP )VP )VP )S )VP )VP . )S  STOP
(S (SBAR Because (S (NP he )NP (VP sees (NP (NP a `` (ADJP (QP 5 % to 6 % )QP )ADJP base rate )NP (PP of (NP inflation )NP )PP (PP in (NP the economy )NP )PP )NP )VP )S )SBAR , '' (NP he )NP (VP doubts (SBAR that (S (NP interest rates )NP (VP will (VP fall (ADVP much )ADVP (NP (NP any time )NP (ADVP soon )ADVP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Instead )ADVP , (PRN (S (NP Mr. Beach )NP (VP says )VP )S , )PRN (NP investors )NP `` (ADVP probably )ADVP (VP should (VP be (VP carrying (NP (NP a (ADJP very high )ADJP level )NP (PP of (NP (NP cash )NP , '' (SBAR (WHPP by (WHNP which )WHNP )WHPP (S (NP he )NP (VP means (NP (NP such so-called cash *UNK )NP (PP as (NP (NP money-market funds )NP and (NP Treasury bills )NP )NP )PP )NP )VP )S )SBAR )NP )PP )NP )VP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP president )NP (PP of (NP (NP *UNKC Financial Inc. )NP (PP in (NP (NP *UNKC )NP , (NP Pa. )NP )NP )PP )NP )PP )NP , )NP (ADVP also )ADVP (VP recommends (SBAR that (S (NP investors )NP (VP go (ADVP heavily )ADVP (PP for (NP cash )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP (VP is n't (ADJP sure (SBAR (S (NP a recession )NP (VP is (VP coming )VP )VP )S )SBAR )ADJP )VP , but (VP says (SBAR (S (NP (NP the other likely alternative )NP -- (NP *UNKED inflation )NP -- )NP (VP is (ADJP just as bad )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (S `` (ADVP This late (PP in (NP an expansion )NP )PP )ADVP , '' (NP the economy )NP (VP tends (S (VP to (VP *UNK (PRT off )PRT (PP either (PP into (NP damaging inflation )NP )PP or (PP into (NP a recession )NP )PP )PP )VP )VP )S )VP )S , (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S (NP (NP (NP The Federal Reserve Board 's )NP plan )NP (PP for (NP a `` soft landing )NP )PP )NP (PRN , '' (S (NP he )NP (VP says )VP )S , )PRN (VP requires (S (NP the Fed )NP (VP to (VP *UNK `` (NP an *UNKING *UNK )NP )VP )VP )S )VP . '' )S  STOP
(S (S (NP A soft landing )NP (VP is n't (NP (NP something )NP (SBAR (WHNP that )WHNP (S (VP can (VP be (VP achieved (ADVP (ADVP once )ADVP and (PP for (NP all )NP )PP )ADVP )VP )VP )VP )S )SBAR )NP )VP )S , (NP Mr. *UNKC )NP (VP adds )VP . )S  STOP
(S (NP It )NP (VP has (S (VP to (VP be (VP engineered (ADVP over and over again )ADVP , (NP (NP month )NP (PP after (NP month )NP )PP )NP )VP )VP )VP )S )VP . )S  STOP
(S (NP He )NP (VP believes (SBAR that (S (NP (NP the task )NP (VP facing (NP Fed Chairman Alan Greenspan )NP )VP )NP (VP is (ADJP so difficult (SBAR that (S (NP it )NP (VP *UNK `` (S (VP *UNKING (NP (NP a *UNKED *UNK )NP and (NP a *UNK saw )NP )NP )VP )S )VP )S )SBAR )ADJP )VP )S )SBAR )VP . '' )S  STOP
(S And , (PP in (NP a sense )NP )PP , (NP that )NP (VP 's (NP (NP the kind )NP (PP of (NP task )NP )PP (SBAR (S (NP individuals )NP (VP face (PP in (S (VP deciding (SBAR (WHNP what )WHNP (S (VP to (VP do (PP about (NP (NP stocks )NP -- (NP (NP the *UNK )NP (PP of (NP (NP most serious investors ' )NP portfolios )NP )PP )NP )NP )PP )VP )VP )S )SBAR )VP )S )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP It )NP (VP comes (ADVP down (PP to (NP (NP a question )NP (PP of (SBAR whether (S (VP to (VP try (S (VP to (VP `` time '' (NP the market )NP )VP )VP )S )VP )VP )S )SBAR )PP )NP )PP )ADVP )VP . )S  STOP
(S (PP For (NP (NP people )NP (SBAR (WHNP who )WHNP (S (VP can (VP ride (PRT out )PRT (NP market waves )NP (PP through (NP (NP good times )NP and (NP bad )NP )NP )PP )VP )VP )S )SBAR )NP )PP , (NP stocks )NP (VP have (VP been (NP *UNKING long-term investments )NP )VP )VP . )S  STOP
(S (NP Most studies )NP (VP show (SBAR that (S (NP *UNK- investors )NP (ADVP historically )ADVP (VP have (VP earned (NP (NP an annual return )NP (PP from (NP stocks )NP )PP (PP of (NP (QP 9 % to 10 % )QP )NP )PP )NP , (PP including (NP both dividends and price appreciation )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP 's (PP (ADVP well )ADVP above (SBAR (WHNP what )WHNP (S (NP bonds or bank certificates )NP (VP have (VP paid )VP )VP )S )SBAR )PP )VP . )S  STOP
(S (ADVP Moreover )ADVP , (SBAR because (S (NP no one )NP (VP knows (PP for (ADJP sure )ADJP )PP (SBAR (ADVP just )ADVP (WHADVP when )WHADVP (S (NP a recession )NP (VP is (VP coming )VP )VP )S )SBAR )VP )S )SBAR , (NP some analysts )NP (VP think (SBAR (S (NP investors )NP (VP should n't (ADVP even )ADVP (VP worry (ADVP too much )ADVP (PP about (NP timing )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (S (VP *UNKING (S (VP to (VP time (NP the economy )NP )VP )VP )S )VP )S (VP is (NP a mistake )NP )VP )S , '' (VP says )VP (NP (NP David Katz )NP , (NP (NP chief investment officer )NP (PP of (NP (NP Value *UNKC Management Inc. )NP (PP in (NP New York )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP Mr. Katz )NP (VP notes (SBAR that (S (NP some economists )NP (VP have (VP been (VP predicting (NP a recession )NP (PP for (NP (QP at least two )QP years )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Investors )NP (SBAR (WHNP who )WHNP (S (VP (VP *UNKED )VP , and (VP *UNKED (PRT up )PRT (PP on (NP stocks )NP )PP )VP , )VP )S )SBAR )NP `` (VP have (ADVP just )ADVP (VP hurt (NP themselves )NP )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP Mr. Katz )NP (VP adds (SBAR that (S (NP (NP people )NP (SBAR (WHNP who )WHNP (S (VP jump (PP (PP in )PP and (PP out (PP of )PP )PP (NP the stock market )NP )PP )VP )S )SBAR )NP (VP need (S (VP to (VP be (ADJP right )ADJP (NP (NP (QP about 70 )QP % )NP (PP of (NP the time )NP )PP )NP )VP )VP )S (S (VP to (VP beat (NP a *UNK- strategy )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC trading runs )NP (VP up (NP high commission costs )NP )VP . )S  STOP
(S And (NP the *UNK- )NP (VP might (VP miss (NP (NP the sudden *UNK )NP (SBAR (WHNP that )WHNP (S (VP account (PP for (NP (NP much )NP (PP of (NP (NP the stock market 's )NP gains )NP )PP )NP )PP (PP over (NP time )NP )PP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (ADVP Still )ADVP , (NP few investors )NP (VP are (ADJP able (S (VP to (VP sit (ADVP tight )ADVP )VP )VP )S )ADJP (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP are (ADJP convinced (SBAR (S (NP a recession )NP (VP is (VP coming )VP )VP )S )SBAR )ADJP )VP )S )SBAR )VP . )S  STOP
(S (PP After (NP all )NP )PP , (PP in (NP (NP all five *UNK )NP (PP since (NP 1960 )NP )PP )NP )PP , (NP stocks )NP (VP declined )VP . )S  STOP
(S (PP According (PP to (NP (NP *UNKED Davis )NP , (NP (NP president )NP (PP of (NP (NP *UNKED Davis Research Inc. )NP (PP in (NP (NP *UNKC )NP , (NP Fla. )NP )NP )PP )NP )PP )NP )NP )PP )PP , (S (NP (NP the average drop )NP (PP in (NP the Dow Jones Industrial Average )NP )PP )NP (VP was (NP (QP about 21 )QP % )NP )VP )S , and (S (NP the decrease )NP (VP began (SBAR (NP (NP an average )NP (PP of (NP six months )NP )PP )NP before (S (NP a recession )NP (ADVP officially )ADVP (VP started )VP )S )SBAR )VP )S . )S  STOP
(S (S (PP By (NP (NP the time )NP (SBAR (S (NP a recession )NP (VP is `` (ADJP official )ADJP '' )VP )S )SBAR (PRN -LRB- (NP (NP two consecutive quarters )NP (PP of (NP declining gross national product )NP )PP )NP -RRB- )PRN )NP )PP , (NP (NP much )NP (PP of (NP (NP the damage )NP (PP to (NP stocks )NP )PP )NP )PP )NP (VP has (ADVP already )ADVP (VP been (VP done )VP )VP )VP )S - and , (S (PP in (NP the typical case )NP )PP , (NP the recession )NP (VP is (ADVP already )ADVP (ADJP half over )ADJP )VP )S . )S  STOP
(S (SBAR (NP (QP About six )QP months )NP before (S (NP a recession )NP (VP ends )VP )S )SBAR , (NP stocks )NP (ADVP typically )ADVP (VP begin (S (VP to (VP rise (ADVP again )ADVP )VP )VP )S , (SBAR as (S (NP investors )NP (VP anticipate (NP a recovery )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The average recession )NP (VP *UNK (NP (QP about a )QP year )NP )VP . )S  STOP
(S (ADVP Unfortunately )ADVP , (ADVP though )ADVP , (NP *UNK )NP (VP vary (ADVP enough )ADVP (PP in (NP length )NP )PP (SBAR so that (S (NP the average )NP (VP ca n't (ADVP *UNKLY )ADVP (VP be (VP used (S (VP to (VP guide (NP investors )NP (PP in (S (VP timing (NP stock sales or purchases )NP )VP )S )PP )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP whatever their advice )NP (PP about (NP timing )NP )PP )NP , (NP (NP none )NP (PP of (NP these experts )NP )PP )NP (VP recommend (S (VP *UNKING (NP stocks )NP (ADVP entirely )ADVP (PP during (NP a recession )NP )PP )VP )S )VP . )S  STOP
(S (PP For (NP (NP the portion )NP (PP of (NP (NP an investor 's )NP portfolio )NP )PP (SBAR (WHNP that )WHNP (S (VP *UNK (PP in (NP stocks )NP )PP )VP )S )SBAR )NP )PP , (NP professionals )NP (VP have (NP (NP a number )NP (PP of (NP suggestions )NP )PP )NP )VP . )S  STOP
(S (NP Mr. Katz )NP (VP advocates (NP (NP issues )NP (PP with (NP (NP low *UNK- *UNK )NP (PRN -- (S (NP that )NP (VP is )VP )S , (NP (NP low prices )NP (PP in (NP (NP *UNK )NP (PP to (NP (NP (NP the company 's )NP earnings )NP (PP per (NP share )NP )PP )NP )PP )NP )PP )NP )PRN )NP )PP )NP )VP . )S  STOP
(S (NP `` *UNKC *UNKC '' stocks )NP (PRN , (S (NP he )NP (VP says )VP )S , )PRN (ADVP *UNKLY )ADVP (VP *UNK (NP others )NP `` (PP during (NP a recession or bear market )NP )PP )VP . '' )S  STOP
(S (S (PP In (NP good times )NP )PP (PRN , (S (NP he )NP (VP says )VP )S , )PRN (NP they )NP (VP lag (NP a bit )NP )VP )S , but (S (ADVP overall )ADVP (NP they )NP (VP provide (NP superior performance )NP )VP )S . )S  STOP
(S (NP Prof. *UNKC )NP (VP *UNK (NP investors )NP (S (VP to (VP *UNK (NP (NP stocks )NP (PP in (NP small companies )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (S (NP *UNKC shares )NP (ADVP typically )ADVP (VP fall (ADVP more (PP than (NP *UNK- stocks )NP )PP )ADVP (PP in (NP a recession )NP )PP )VP )S , (NP he )NP (VP says )VP . )S  STOP
(S And (PP in (NP any case )NP )PP , (PRN (S (NP he )NP (VP argues )VP )S , )PRN (NP (NP stocks )NP (PP of (NP small companies )NP )PP )NP (VP are `` (ADJP (ADJP almost as *UNKED )ADJP (SBAR as (S (NP they )NP (VP were (NP Sept. 30 , 1987 )NP , (PP (ADVP just )ADVP before (NP the crash )NP )PP )VP )S )SBAR )ADJP )VP . '' )S  STOP
(S (PP For (NP example )NP )PP (PRN , (S (NP Mr. *UNKC )NP (VP says )VP )S , )PRN (NP (NP stocks )NP (PP of (NP small companies )NP )PP )NP (VP are (VP selling (PP for (NP (QP about 19 times )QP cash flow )NP )PP )VP )VP . )S  STOP
(S -LRB- (NP (NP *UNKC flow )NP (PRN , (ADVP basically )ADVP (NP earnings plus depreciation )NP , )PRN )NP (VP is (NP (NP one common gauge )NP (PP of (NP (NP a company 's )NP financial health )NP )PP )NP )VP . -RRB- )S  STOP
(S (S (NP That ratio )NP (VP is (ADVP *UNKLY close (PP to (NP (NP the ratio )NP (PP of (NP *UNKN )NP )PP (SBAR (WHNP that )WHNP (S (VP *UNKED (PP before (NP the 1987 stock-market crash )NP )PP )VP )S )SBAR )NP )PP )ADVP )VP )S , (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S And (NP it )NP (VP 's (PP (NP way )NP above (NP (NP the ratio )NP (PRN -LRB- (NP (QP 7.5 times )QP cash flow )NP -RRB- )PRN (SBAR (WHNP that )WHNP (S (NP bigger companies )NP (VP are (VP selling (PP for )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP Another major *UNK )NP (PP in (S (VP making (S (NP a portfolio )NP (ADJP *UNK- )ADJP )S )VP )S )PP )NP (VP is (VP choosing (NP (NP stocks )NP (PP in (NP `` defensive '' industries )NP )PP )NP )VP )VP . )S  STOP
(S (NP Food , tobacco , drugs and utilities )NP (VP are (NP the classic *UNK )NP )VP . )S  STOP
(S (NP *UNKC or not )NP , (NP people )NP (ADVP still )ADVP (VP (VP eat )VP , (VP smoke )VP , and (VP take (NP medicine )NP (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP 're (ADJP sick )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP George *UNKC III )NP , (NP (NP editor )NP (PP of (NP (NP *UNKC *UNKC )NP (PP in (NP Boston )NP )PP )NP )PP )NP , )NP (VP offers (NP (NP one final *UNK )NP (PP for (NP *UNK- investors )NP )PP )NP )VP . )S  STOP
(S `` (S (VP *UNKC (S (NP some money )NP (ADJP available (PP for (NP opportunities )NP )PP )ADJP )S )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (SBAR If (S (NP the recession )NP (VP does (VP hit )VP )VP )S )SBAR , (NP there )NP (VP will (VP be (NP some great investment opportunities )NP (SBAR (ADVP just )ADVP (WHADVP when )WHADVP (S (NP things )NP (VP seem (NP the *UNK )NP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP covers (NP investing issues )NP (PP from (NP (NP The Wall Street Journal 's )NP New York bureau )NP )PP )VP . )S  STOP
(S (NP Some industry groups )NP (ADVP consistently )ADVP (VP weather (NP the storm )NP (ADVP better (PP than (NP others )NP )PP )ADVP )VP . )S  STOP
(S (NP The following )NP (VP shows (NP (NP the number )NP (PP of (NP times )NP )PP (SBAR (S (NP these industries )NP (VP *UNKED (NP the (NP Standard & Poor 's )NP *UNK- Index )NP (PP during (NP (NP the first six months )NP (PP of (NP the past seven *UNK )NP )PP )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Bond prices )NP (VP posted (NP strong gains )NP (SBAR as (S (NP investors )NP (VP went (PP on (NP a bargain *UNK )NP )PP )VP )S )SBAR )VP . )S  STOP
(S But (SBAR while (S (NP the overall market )NP (VP improved )VP )S )SBAR , (NP the new-issue junk-bond market )NP (VP continued (S (VP to (VP count (NP *UNK )NP )VP )VP )S , (SBAR even as (S (NP junk-bond prices )NP (VP rose )VP )S )SBAR )VP . )S  STOP
(S (NP Yesterday )NP , (NP Prudential-Bache Securities Inc. )NP (VP said (SBAR (S (NP it )NP (VP postponed (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP senior subordinated *UNK offering )NP (PP by (NP York International Corp )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S And (NP Donaldson , Lufkin & Jenrette Securities Corp. )NP (VP scrambled (S (VP to (VP (VP restructure )VP and (VP improve (NP (NP the potential returns )NP (PP on (NP (NP a (ADJP (QP $ 475 million )QP )ADJP *UNK offering )NP (PP by (NP Chicago & North Western Acquisition Corp. )NP )PP (SBAR (WHNP that )WHNP (S (VP was (ADVP still )ADVP (VP being (VP negotiated (NP late last night )NP )VP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )VP )S )VP . )S  STOP
(S (NP (NP The issue )NP (PP by (NP Chicago & North Western )NP )PP )NP (VP is (NP (NP one )NP (PP of (NP (NP the so-called good junk-bond offerings )NP (PP on (NP the new-issue calendar )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Some analysts )NP (VP said (SBAR (S (NP (NP the restructuring )NP (PP of (NP (NP the railroad concern 's )NP issue )NP )PP )NP (VP shows (SBAR (WHADJP how tough )WHADJP (S (NP (NP it )NP )NP (VP is (SBAR for (S (NP underwriters )NP (VP to (VP sell (ADVP even )ADVP (NP (NP the junk bonds )NP (PP of (NP (NP a company )NP (VP considered (S (VP to (VP be (NP a (ADJP relatively good )ADJP credit risk )NP )VP )VP )S )VP )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP Since (NP (NP last week 's )NP junk-bond market debacle )NP )PP , (NP (NP many new issues )NP (PP of (NP high-yield , high-risk corporate bonds )NP )PP )NP (VP have either (VP been (VP (VP scaled (PRT back )PRT )VP , (VP delayed )VP or (VP dropped )VP )VP )VP )VP . )S  STOP
(S (PP On (NP Wednesday )NP )PP , (NP Drexel Burnham Lambert Inc. )NP (VP had (S (VP to (VP slash (NP (NP the size )NP (PP of (NP (NP Continental Airlines ' )NP junk-bond offering )NP )PP )NP (PP to (NP (QP $ 71 million )QP )NP )PP (PP from (NP (QP $ 150 million )QP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Salomon Brothers Inc. )NP (VP has (VP delayed (NP (NP Grand Union Co. 's )NP (ADJP (QP $ *UNKN billion )QP )ADJP junk-bond offering )NP (SBAR while (S (NP it )NP (VP *UNK (NP the transaction )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Last week )NP , (NP the Grand Union offering )NP (VP was (VP sweetened (S (VP to (VP include (NP (NP warrants )NP (SBAR (WHNP that )WHNP (S (VP allow (S (NP bondholders )NP (VP to (VP acquire (NP common stock )NP )VP )VP )S )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Prudential-Bache )NP (VP said (SBAR (S (NP the York issue )NP (VP was (VP delayed (PP because of (NP market conditions )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (S (NP Everything )NP (VP is (VP going (PP through (NP *UNK )NP )PP (ADVP right now )ADVP )VP )VP )S , and (S -LCB- (NP Chicago & North Western )NP -RCB- (VP is (NP no exception )NP )VP )S )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP vice president )NP , (NP high-yield research )NP , (PP at (NP Citicorp )NP )PP )NP )NP . )SINV  STOP
(S (NP Portfolio managers )NP (VP say (SBAR (S (NP (NP *UNK )NP (PP like (NP (NP equity *UNK )NP and (NP *UNK *UNK *UNK )NP )NP )PP )NP (VP may (ADVP increasingly )ADVP (VP be (VP required (S (VP to (VP sell (NP junk-bond deals )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Dan *UNKC )NP , (NP (NP managing director )NP (PP of (NP high-yield investments )NP )PP (PP at (NP Chancellor Capital Management )NP )PP )NP , )NP (VP said (S (NP the Chicago & North Western offering )NP (VP was (VP restructured (PP in (NP part )NP )PP (SBAR because `` (S (NP several large insurance buyers )NP (ADVP right now )ADVP (VP are (VP demanding (NP equity )NP (PP as (NP (NP part )NP (PP of (NP the package )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (SBAR If (S (NP you )NP (VP 're (VP going (S (VP to (VP take (NP the risk )NP (PP in (NP this market )NP )PP )VP )VP )S )VP )VP )S )SBAR , (NP you )NP (VP want (NP (NP something )NP (ADJP extra )ADJP )NP )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP likes (NP the offering )NP )VP . )S  STOP
(S But (NP several mutual-fund managers )NP , (S (ADJP (ADJP nervous (PP about (NP (NP the deteriorating quality )NP (PP of (NP their junk-bond portfolios )NP )PP )NP )PP )ADJP and (ADJP *UNK (PP about (S (VP buying (NP new issues )NP )VP )S )PP )ADJP )ADJP )S , (VP said (SBAR (S (NP they )NP (VP 're (VP staying (ADVP away (PP from (NP (NP any junk security )NP (SBAR (WHNP that )WHNP (S (VP is n't (VP considered (S (ADJP first rate (PP for (NP its class )NP )PP )ADJP )S )VP )VP )S )SBAR )NP )PP )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR While (S (NP they )NP (VP consider (S (NP the Chicago & North Western issue )NP (VP to (VP be (ADJP good )ADJP )VP )VP )S )VP )S )SBAR , (NP they )NP (VP do n't (VP view (NP it )NP (PP as (NP the best )NP )PP )VP )VP . )S  STOP
(S (S (VP To (VP lure (NP buyers )NP (PP to (NP the Chicago & North Western bonds )NP )PP )VP )VP )S , (NP portfolio managers )NP (VP said (SBAR (S (NP Donaldson Lufkin )NP (VP sweetened (NP the transaction )NP (PP by (S (VP offering (NP the bonds )NP (PP with (NP (NP a *UNK interest rate )NP and (NP a (ADJP 10 % )ADJP equity *UNK )NP )NP )PP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The bonds )NP (VP are (VP expected (S (VP to (VP have (NP a (ADJP (QP 14 1\/2 )QP % )ADJP coupon rate )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP The equity arrangement )NP (ADVP apparently )ADVP (VP would (VP allow (S (NP bondholders )NP (VP to (VP buy (NP (NP a total )NP (PP of (NP (NP 10 % )NP (PP of (NP (NP the stock )NP (PP of (NP (NP CNW Corp. )NP , (NP (NP Chicago & North Western 's )NP parent company )NP )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Donaldson Lufkin )NP (VP declined (S (VP to (VP comment (PP on (NP the restructuring )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP According (PP to (NP (NP some analysts )NP (ADJP familiar (PP with (NP the negotiations )NP )PP )ADJP )NP )PP )PP , (NP (NP the 10 % )NP (PP of (NP equity )NP )PP )NP (VP would (VP (VP come (ADVP directly )ADVP (PP from (NP (NP Donaldson Lufkin )NP and (NP (NP a fund )NP (VP affiliated (PP with (NP the investment bank *UNKC Group )NP )PP )VP )NP )NP )PP )VP , (SBAR (WHNP which )WHNP (S (VP would (VP reduce (NP their CNW equity holdings )NP (PP by (NP (NP 5 % )NP (NP each )NP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP That )NP (VP would (VP (VP leave (NP the Blackstone fund )NP (PP with (NP a (ADJP 60 % )ADJP stake )NP )PP )VP and (VP (NP Donaldson Lufkin )NP (PP with (NP 15 % )NP )PP )VP )VP )VP . )S  STOP
(S (PP Despite (NP (NP the problems )NP (PP with (NP new issues )NP )PP )NP )PP , (NP high-yield bonds )NP (VP showed (NP gains )NP (PP in (NP the (ADJP secondary , or *UNK , )ADJP market )NP )PP )VP . )S  STOP
(S (NP *UNKC bonds )NP (VP ended (ADVP (NP (QP about *UNK- )QP point )NP higher )ADVP (PP with (S (NP (NP so-called high-quality issues )NP (PP from (NP (NP RJR Capital Holdings Corp. )NP and (NP *UNKC Gas Service Limited Partnership )NP )NP )PP )NP (VP rising (NP one point )NP )VP )S )PP )VP . )S  STOP
(S (PP In (NP the Treasury market )NP )PP , (NP the benchmark 30-year bond )NP (VP rose (NP (NP *UNK- point )NP , or (NP (NP $ 8.75 )NP (PP for (NP each (ADJP $ 1,000 )ADJP face amount )NP )PP )NP )NP )VP . )S  STOP
(S (NP The gain )NP (VP reflects (NP fresh economic evidence (SBAR that (S (NP inflation )NP (VP is (VP *UNKING (SBAR while (S (NP the economy )NP (VP *UNK )VP )S )SBAR )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP That )NP (VP raised (NP hopes (SBAR that (S (NP interest rates )NP (VP will (VP continue (S (VP to (VP move (ADVP lower )ADVP )VP )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The Labor Department )NP (VP reported (SBAR that (S (NP consumer prices )NP (VP rose (NP (QP just 0.2 )QP % )NP (NP last month )NP , (ADVP (ADVP slightly lower )ADVP (SBAR than (S (NP some economists )NP (VP had (VP expected )VP )VP )S )SBAR )ADVP )VP )S )SBAR )VP . )S  STOP
(S But (NP there )NP (VP were (ADVP also )ADVP (NP rumors )NP (NP yesterday )NP (SBAR that (S (NP several Japanese institutional investors )NP (VP were (VP (VP shifting (NP their portfolios )NP )VP and (VP buying (NP long-term bonds )NP )VP (SBAR while (S (VP selling (NP *UNK- Treasurys )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Short-term Treasury securities )NP (VP ended (ADJP narrowly mixed )ADJP , (PP with (S (NP two-year notes )NP (VP posting (NP slight declines )NP )VP )S )PP (SBAR while (S (NP three-year notes )NP (VP were (ADJP slightly higher )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP Yesterday )NP , (NP the Fed )NP (VP executed (NP (NP *UNK- matched sales )NP , (NP (NP a technical trading operation )NP (VP designed (S (VP to (VP drain (NP reserves )NP (PP from (NP the banking system )NP )PP )VP )VP )S )VP )NP )NP )VP . )S  STOP
(S (NP The move )NP (VP was (VP interpreted (PP by (NP some economists )NP )PP (PP as (NP a sign (SBAR that (S (NP the Fed )NP (VP does n't (VP want (S (NP the federal funds rate )NP (VP to (VP move (ADVP (ADVP any lower )ADVP (PP than (NP (NP the (QP 8 3\/4 )QP % )NP (SBAR (WHPP at (WHNP which )WHNP )WHPP (S (NP it )NP (VP has (VP been (VP *UNKING (PP around )PP (PP during (NP the past week )NP )PP )VP )VP )VP )S )SBAR )NP )PP )ADVP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP The (ADJP closely watched )ADJP funds rate )NP (VP is (SBAR (WHNP what )WHNP (S (NP banks )NP (VP charge (NP each other )NP (PP on (NP overnight loans )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP is (VP considered (S (NP (NP an early signal )NP (PP of (NP Fed credit policy changes )NP )PP )NP )S )VP )VP . )S  STOP
(S `` (NP The fact (SBAR that (S (NP they )NP (VP did (NP *UNK- matched sales )NP )VP )S )SBAR )NP (VP means (SBAR (S (NP they )NP (VP are not (PP in (NP (NP a mood )NP (SBAR (S (VP to (VP ease (ADVP aggressively )ADVP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP They )NP (VP are (VP telling (NP us )NP (SBAR that (S -LCB- (NP (QP 8 3\/4 )QP % )NP -RCB- (VP is (ADVP (ADVP as low )ADVP (SBAR as (S (NP they )NP (VP want (S (VP to (VP see (NP the fed funds rate )NP )VP )VP )S )VP )S )SBAR )ADVP )VP )S )SBAR )VP )VP )S , '' (VP said )VP (NP (NP Robert *UNKC )NP (PP at (NP *UNKC Bank PLC )NP )PP )NP . )SINV  STOP
(NP Treasury Securities )NP  STOP
(S (NP The benchmark 30-year bond )NP (VP was (VP quoted (ADVP late )ADVP (PP at (NP (NP a price )NP (PP of (NP (QP 101 *UNKN )QP )NP )PP )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S , (PP compared (PP with (FRAG (NP (QP 100 *UNKN )QP )NP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S (NP Wednesday )NP )FRAG )PP )PP )VP )VP . )S  STOP
(S (NP The latest 10-year notes )NP (VP were (VP quoted (ADVP late )ADVP (PP at (NP (QP 100 *UNKN )QP )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S , (PP compared (PP with (FRAG (NP (QP 99 *UNKN )QP )NP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )FRAG )PP )PP )VP )VP . )S  STOP
(S (NP Short-term rates )NP (VP rose (NP yesterday )NP )VP . )S  STOP
(S (NP (NP The discount rate )NP (PP on (NP three-month Treasury bills )NP )PP )NP (VP rose (PP to (NP *UNKN % )NP )PP (PP from (NP *UNKN % )NP )PP (NP Wednesday )NP , (SBAR while (S (NP (NP the rate )NP (PP on (NP six-month bills )NP )PP )NP (VP rose (PP to (NP *UNKN % )NP )PP (PP from (NP *UNKN % )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP the Treasury )NP (VP sold (NP (NP (QP $ *UNKN billion )QP )NP (PP of (NP *UNK- bills )NP )PP )NP (NP yesterday )NP )VP . )S  STOP
(S (NP (NP The average yield )NP (PP on (NP the bills )NP )PP )NP (VP was (NP *UNKN % )NP , (ADVP down (PP from (NP *UNKN % )NP (PP at (NP (NP the previous *UNK- bill auction )NP (NP Sept. 21 )NP )NP )PP )PP )ADVP )VP . )S  STOP
(S (NP (NP Yesterday 's )NP yield )NP (VP was (NP (NP the lowest )NP (PP since (NP (NP *UNKN % )NP (PP on (NP July 27 )NP )PP )NP )PP )NP )VP . )S  STOP
(SINV (ADVP Here )ADVP (VP are )VP (NP (NP details )NP (PP of (NP the auction )NP )PP )NP : )SINV  STOP
(S (NP Rates )NP (VP are (VP determined (PP by (NP (NP the difference )NP (PP between (NP the purchase price and face value )NP )PP )NP )PP )VP )VP . )S  STOP
(S (ADVP Thus )ADVP , (NP higher bidding )NP (VP *UNK (NP (NP the investor 's )NP return )NP (SBAR while (S (NP lower bidding )NP (VP *UNK (NP it )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The percentage rates )NP (VP are (VP calculated (PP on (NP a *UNK- year )NP )PP , (SBAR while (S (NP the *UNK- yield )NP (VP is (VP based (PP on (NP a *UNK- year )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(NP Corporate Issues )NP  STOP
(S (NP *UNKC bond price )NP (VP climbed (NP yesterday )NP (PP despite (NP (NP *UNK )NP (PP in (NP (NP the new-issue market )NP (PP for (NP high-yield securities )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Dealers )NP (VP said (SBAR (S (NP junk bond issues )NP (PP on (NP average )NP )PP (VP were (ADVP up )ADVP (PP by (NP (QP 1\/4 to 1\/2 )QP point )NP )PP (PP with (S (NP (NP so-called quality issues )NP (PP from (NP (NP RJR Capital Holdings Corp. )NP and (NP *UNKC Gas Service Limited Partnership )NP )NP )PP )NP (VP posting (NP *UNK- gains )NP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP *UNKC Gas Service 's )NP (ADJP (QP 13 1\/4 )QP % )ADJP debentures )NP (VP traded (PP at (NP 102 )NP )PP , (PP after (S (VP trading (PP around (NP par )NP )PP (NP earlier this week )NP )VP )S )PP )VP )S , and (S (NP (NP (NP RJR 's )NP (ADJP (QP 13 1\/2 )QP % )ADJP subordinated debentures )NP (PP of (NP 2001 )NP )PP )NP (VP were (PP at (NP 101 5\/8 )NP )PP (PP after (S (VP trading (PP at (PP below (NP par )NP )PP )PP (NP earlier this week )NP )VP )S )PP )VP )S . )S  STOP
(S (NP *UNKC bonds )NP (VP were (ADJP unchanged )ADJP )VP . )S  STOP
(NP *UNKC )NP  STOP
(S (NP Activity )NP (VP was (ADJP brisk )ADJP (PP in (NP the *UNK- general obligation market )NP )PP , (SBAR as (S (NP (NP a series )NP (PP of (NP sell lists )NP )PP )NP (VP (VP hit (NP the Street )NP )VP and (VP capped (NP upward price movement )NP (PP in (NP the sector )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Traders )NP (VP estimated (SBAR that (S (NP (NP (QP more than $ 140 million )QP )NP (PP of (NP *UNK- bonds )NP )PP )NP (VP was (VP put (PRT up )PRT (PP for (NP sale )NP )PP (PP via (NP (NP *UNKED lists )NP (VP *UNKED (PP by (NP (NP a handful )NP (PP of (NP major brokers )NP )PP )NP )PP )VP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP There )NP (VP was (NP speculation (SBAR that (S (NP the supply )NP (VP was (VP coming (PP from (NP (NP a commercial bank 's )NP portfolios )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (PP According (PP to (NP market participants )NP )PP )PP , (NP the bonds )NP (VP were (VP met (PP with (NP decent bids )NP )PP )VP )VP )S , but (S (NP (NP the volume )NP (PP of (NP paper )NP )PP )NP (VP left (NP high grades )NP (PP in (NP the (ADJP 10-year and under )ADJP maturity range )NP )PP (ADVP (ADJP unchanged )ADJP to (ADVP *UNKN percentage point higher )ADVP (PP in (NP yield )NP )PP )ADVP )VP )S . )S  STOP
(S (ADVP *UNKC (PP from (NP the general obligation sector )NP )PP )ADVP , (NP activity )NP (VP was (ADJP modest )ADJP )VP . )S  STOP
(S (NP Long dollar bonds )NP (VP were (UCP (ADJP flat )ADJP to (ADVP up (NP 3\/8 point )NP )ADVP )UCP )VP . )S  STOP
(S (NP (NP (NP New Jersey *UNKC Authority 's )NP (ADJP 7.20 % )ADJP issue )NP (PP of (NP *UNKN )NP )PP )NP (VP was (ADVP up (NP 3\/8 )NP )ADVP (PP at (NP (NP (QP 98 3\/8 )QP )NP (VP bid )VP )NP )PP (S (VP to (VP yield (NP (NP (QP about *UNKN )QP % )NP , (ADVP down (NP *UNKN percentage point )NP )ADVP )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP The debt )NP (PP of (NP some California issuers )NP )PP )NP (VP pulled (PP off (NP (NP lows )NP (VP reached (PP after (NP (NP Tuesday 's )NP massive earthquake )NP )PP )VP )NP )PP , (SBAR although (S (NP traders )NP (VP said (SBAR (S (NP market participants )NP (VP remained (ADJP cautious )ADJP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP California )NP (VP expects (S (VP to (VP rely (PP on (NP (NP federal emergency funds )NP and (NP (NP its (QP $ *UNKN billion )QP )NP (PP in (NP general fund reserves )NP )PP )NP )NP )PP (S (VP to (VP meet (NP (NP the estimated (QP $ 500 million to $ 1 billion )QP )NP (PP in (NP (NP damages )NP (VP resulting (PP from (NP the quake )NP )PP )VP )NP )PP )NP )VP )VP )S )VP )VP )S , (PP according (PP to (NP a state official )NP )PP )PP )VP . )S  STOP
(SINV (S (NP (NP It )NP )NP (VP 's (ADVP also )ADVP (ADJP unclear )ADJP (SBAR (WHADVP precisely how )WHADVP (S (NP the state )NP (VP will (VP rebuild (NP its reserve )NP )VP )VP )S )SBAR )VP )S , (VP said )VP (NP (NP *UNKC Katz )NP , (NP (NP assistant director )NP (PP of (NP (NP (NP California 's )NP department )NP (PP of (NP finance )NP )PP )NP )PP )NP )NP , (SBAR although (S (NP she )NP (VP noted (SBAR that (S (NP (NP a bond offering )NP (PP for (NP that purpose )NP )PP )NP (VP is n't (VP anticipated )VP )VP )S )SBAR )VP )S )SBAR . )SINV  STOP
(S (ADVP Meanwhile )ADVP , (NP new issuance )NP (VP was (ADJP slow )ADJP )VP . )S  STOP
(S (NP (NP The largest sale )NP (PP in (NP the competitive arena )NP )PP )NP (VP was (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP issue )NP (PP of (NP school financing bonds )NP )PP (PP from (NP the Virginia Public School Authority )NP )PP )NP )VP . )S  STOP
(S (NP (NP A balance )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP (VP remained (PP in (NP late *UNKING )NP )PP , (PP according (PP to (NP the lead manager )NP )PP )PP )VP . )S  STOP
(NP *UNKED Securities )NP  STOP
(S (NP Mortgage securities )NP (ADVP generally )ADVP (VP (VP ended (ADVP (NP (QP *UNKN to *UNKN )QP point )NP higher )ADVP )VP , but (VP lagged (NP (NP gains )NP (PP in (NP the Treasury market )NP )PP )NP (PP because of (NP (NP (NP a shift )NP (PP in (NP (NP the shape )NP (PP of (NP the Treasury yield *UNK )NP )PP )NP )PP )NP and (NP (NP rumored mortgage sales )NP (PP by (NP thrifts )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC Government National Mortgage Association securities )NP (PP with (NP (NP coupon rates )NP (PP of (NP (NP 13 % )NP and (NP higher )NP )NP )PP )NP )PP )NP (ADVP actually )ADVP (VP declined (PP amid (NP (NP concerns )NP (PP about (NP increased *UNK )NP )PP )NP )PP (PP because of (NP (NP a plan )NP (VP being (VP considered (PP by (NP Congress )NP )PP )VP )VP (S (VP to (VP speed (NP (NP the refinancing )NP (PP of (NP *UNKED mortgages )NP )PP )NP )VP )VP )S )NP )PP )VP . )S  STOP
(S (NP Ginnie Mae (ADJP 13 % )ADJP securities )NP (VP were (ADVP down (NP (QP about 1\/4 )QP )NP )ADVP (PP at (NP (QP 109 *UNKN )QP )NP )PP )VP . )S  STOP
(S (SBAR If (S (NP the refinancing plan )NP (VP *UNK (NP Congress )NP )VP )S )SBAR , (NP there )NP (VP could (VP be (NP (NP fairly heavy *UNK )NP (PP on (NP the premium securities )NP )PP )NP , (S (VP hurting (NP (NP any investor )NP (VP paying (NP (ADVP much above )ADVP par )NP (PP for (NP them )NP )PP )VP )NP )VP )S )VP )VP . )S  STOP
(S (PP In (NP the *UNK- sector )NP )PP , (NP (NP (NP a shift )NP (PP in (NP the Treasury yield *UNK )NP )PP )NP (VP resulting (PP from (NP (NP the better performance )NP (PP of (NP *UNKED issues )NP )PP (PP over (NP *UNKED securities )NP )PP )NP )PP )VP )NP (VP hurt (NP major coupons )NP (SBAR because (S (NP (NP it )NP )NP (VP will (VP become (ADJP more difficult )ADJP (S (VP to (VP structure (NP new derivative securities offerings )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Ginnie Mae (ADJP 9 % )ADJP securities )NP (VP ended (PP at (NP (QP 98 *UNKN )QP )NP )PP , (ADVP up (NP *UNKN )NP )ADVP )VP )S , and (S (NP Federal Home Loan Mortgage Corp. (ADJP 9 % )ADJP securities )NP (VP were (PP at (NP (QP 97 *UNKN )QP )NP )PP , (ADVP up (NP *UNKN )NP )ADVP )VP )S . )S  STOP
(S (NP The Ginnie Mae (ADJP 9 % )ADJP issue )NP (VP was (VP yielding (NP *UNKN % )NP (PP to (NP a 12-year average life assumption )NP )PP , (SBAR as (S (NP (NP the spread )NP (PP above (NP the Treasury 10-year note )NP )PP )NP (VP widened (NP *UNKN percentage point )NP (PP to (NP *UNKN )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (SBAR While (S (NP Remic issuance )NP (VP may (VP slow (PP in (NP the coming days )NP )PP (PP because of (NP (NP the shift )NP (PP in (NP the Treasury yield *UNK )NP )PP )NP )PP )VP )VP )S )SBAR , (NP underwriters )NP (VP continued (S (VP to (VP *UNK (PRT out )PRT (NP (NP new real estate mortgage investment *UNK )NP (VP structured (SBAR (WHADVP when )WHADVP (S (NP the yield curve )NP (VP was (ADJP more favorable )ADJP )VP )S )SBAR )VP )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP Two new *UNKC )NP (VP totaling (NP (QP $ 900 million )QP )NP )VP )NP (VP were (VP announced (PP by (NP Freddie Mac )NP )PP (NP yesterday )NP )VP )VP . )S  STOP
(NP Foreign Bonds )NP  STOP
(S (NP British government bonds )NP (VP ended (ADJP little changed )ADJP (SBAR as (S (NP investors )NP (VP *UNKED (NP (NP an economic policy address )NP (NP last night )NP (PP by (NP (NX Chancellor (PP of (NP the Exchequer )NP )PP )NX Nigel Lawson )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The Treasury (ADJP (QP 11 3\/4 )QP % )ADJP bond )NP (ADJP due (NP *UNKN )NP )ADJP )NP (VP was (ADVP down (NP 2\/32 )NP )ADVP (PP at (NP (QP 111 *UNKN )QP )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S , (SBAR while (S (NP (NP the (ADJP (QP 11 3\/4 )QP % )ADJP notes )NP (ADJP due (NP 1991 )NP )ADJP )NP (VP were (ADJP unchanged )ADJP (PP at (NP (QP 98 *UNKN )QP )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (PP In (NP Japan )NP )PP , (NP (NP the bellwether No. 111 (ADJP 4.6 % )ADJP bond )NP (PP of (NP 1998 )NP )PP )NP (VP ended (ADVP off (NP *UNKN )NP )ADVP (PP at (NP *UNKN )NP )PP , (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )S , and (S (PP in (NP West Germany )NP )PP , (NP (NP the (ADJP 7 % )ADJP benchmark issue )NP (ADJP due (NP October 1999 )NP )ADJP )NP (VP ended (ADVP (NP *UNKN point )NP lower )ADVP (PP at (NP *UNKN )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )S . )S  STOP
(S (NP THE *UNKC )NP (VP (VP approaches )VP , (VP makes (NP his pitch )NP )VP )VP . )S  STOP
(S (NP It )NP (VP may (VP be (ADJP (ADJP *UNK )ADJP (PRN -- (S (NP he )NP (VP wants (NP (NP money )NP (PP for (NP food )NP )PP )NP )VP )S -- )PRN or (ADJP *UNKLY *UNKED )ADJP (PRN ; (S (S (NP his sister )NP (VP is (PP at (NP this very moment )NP )PP (PP near (NP death )NP )PP (PP in (NP *UNKC )NP )PP )VP )S , (S (NP he )NP (VP has (VP (VP lost (NP his *UNK )NP )VP and (VP has (NP (NP (QP only $ 1.22 )QP )NP (PP in (NP change )NP )PP (SBAR (S (VP to (VP put (PP toward (NP (NP a bus ticket )NP (VP *UNKING (NP $ *UNKN )NP )VP )NP )PP )VP )VP )S )SBAR )NP )VP )VP )VP )S , and (SQ wo n't (NP you )NP (VP give (NP him )NP (NP the difference )NP )VP ? )SQ )S )PRN )ADJP )VP )VP )S  STOP
(INTJ No ? )INTJ  STOP
(FRAG (ADVP Well )ADVP , (FRAG (WHADVP how )WHADVP (PP about (NP a loan )NP )PP )FRAG , (S (NP he )NP (VP 'll (VP take (NP your name and address )NP )VP )VP )S ... )FRAG  STOP
(S (S (VP *UNKING (SBAR that (S (NP their money )NP (VP would (ADVP more likely )ADVP (VP go (PP toward (NP (NP a *UNK )NP (PP of (NP Night *UNKC Express )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S , (NP most people )NP (VP have (NP (NP little trouble )NP (S (VP saying (INTJ no )INTJ (PP to (NP (NP *UNK )NP (PP like (NP this )NP )PP )NP )PP )VP )S )NP )VP . )S  STOP
(S But (NP healthy skepticism )NP (VP *UNK (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP are (VP *UNKED (PP by (NP an organized charity )NP )PP (S (VP to (VP help (VP fight (NP (NP cancer )NP , (NP *UNK )NP , (NP child abuse )NP , or (SBAR (WHNP what )WHNP (S (VP have )VP (NP you )NP )S )SBAR )NP )VP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Most )NP (VP see (NP (NP little reason )NP (SBAR (S (VP to (VP doubt (SBAR that (S (NP their cash )NP (VP will (VP go (PP toward (NP these *UNK goals )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP . )S  STOP
(SQ But will (NP it )NP ? )SQ  STOP
(FRAG (PP In (NP (NP a *UNKING number )NP (PP of (NP cases )NP )PP )NP )PP , (INTJ no )INTJ . )FRAG  STOP
(S (S (PP In (NP fact )NP )PP , (NP the *UNK )NP (ADVP sometimes )ADVP (VP might (VP be (ADVP better off (S (VP giving (NP the money )NP (PP to (NP the *UNK )NP )PP )VP )S )ADVP )VP )VP )S : (S (S (ADVP at least )ADVP (NP he )NP (VP has (NP no overhead )NP )VP )S , and (S (NP he )NP (VP might (ADVP even )ADVP (VP be (VP telling (NP the truth )NP )VP )VP )VP )S )S . )S  STOP
(S (NP Last year )NP , (NP (QP more than $ 100 billion )QP )NP (VP was (VP donated (PP to (NP (NP the nation 's )NP 400,000 charities )NP )PP )VP )VP . )S  STOP
(S (SBAR While (S (NP (NP the vast bulk )NP (PP of (NP it )NP )PP )NP (VP was (ADVP indeed )ADVP (VP spent (PP by (NP *UNK organizations )NP )PP (PP on (NP (NP the good works )NP (SBAR (S (NP it )NP (VP was (VP raised (PP for )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR , (NP (NP it )NP )NP (VP 's (ADJP equally true )ADJP (SBAR that (S (NP a sizable *UNK )NP (VP was (VP consumed (PP in (NP `` (NP expenses )NP '' (VP claimed (PP by (NP other operators )NP )PP )VP , (PP including (NP fraudulent expenses )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP many cases )NP )PP (NP (NP the costs )NP (VP claimed )VP )NP (VP were (ADJP so high (SBAR that (S (NP (NP only a *UNK )NP (PP of (NP cash )NP )PP )NP (VP was (VP left (PP for (NP the *UNKED beneficiaries )NP )PP )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP 's (ADJP impossible )ADJP (S (VP to (VP say (ADVP exactly )ADVP (SBAR (WHNP (WHNP how much )WHNP (PP of (NP the total charity *UNK )NP )PP )WHNP (S (VP is (VP *UNKED (PP by (NP (NP *UNK *UNKING costs )NP , (NP *UNKING operators )NP , and (NP *UNK fraud )NP )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S But (NP the problem )NP (ADVP clearly )ADVP (VP is (ADJP widespread and persistent )ADJP )VP . )S  STOP
(S (S (NP State law *UNK )NP (VP can (ADVP barely )ADVP (VP keep (PRT up )PRT (PP with (NP charity scams )NP )PP )VP )VP )S , and (S (NP (NP reports )NP (PP from (NP (NP *UNK groups )NP (PP such as (NP (NP the Council )NP (PP of (NP Better Business *UNKC )NP )PP )NP )PP )NP )PP )NP (VP are not (ADJP encouraging )ADJP )VP )S . )S  STOP
(S (NP (NP The *UNKC *UNKC Service )NP (PP of (NP the *UNKC )NP )PP )NP (VP reviews (NP (NP hundreds )NP (PP of (NP new charities )NP )PP )NP (NP every year )NP , (S (VP measuring (NP them )NP (PP against (NP minimum standards )NP )PP (PP (PP for (NP *UNK )NP )PP ; (PP for (NP (NP *UNK and *UNK )NP (PP in (NP solicitation )NP )PP )NP )PP ; and (PP for (NP (NP percentage )NP (PP of (NP funds )NP )PP (VP (ADVP actually )ADVP going (PP to (NP (NP work )NP (SBAR (WHPP for (WHNP which )WHNP )WHPP (S (NP the charity )NP (VP was (ADVP *UNKLY )ADVP (VP established )VP )VP )S )SBAR )NP )PP )VP )NP )PP )PP )VP )S )VP . )S  STOP
(S (NP The Service )NP (VP figures (SBAR (S (NP (NP (QP at least half )QP )NP (PP of (NP (NP the money )NP (VP taken (PRT in )PRT )VP )NP )PP )NP (VP should (VP be (VP spent (PP on (NP program )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (QP *UNKLY a third )QP )NP (PP of (NP (NP the charities )NP (VP *UNKED )VP )NP )PP )NP (VP *UNK (NP the test )NP )VP . )S  STOP
(SBAR (WHNP Which )WHNP (PRN , (S (NP it )NP (VP should (VP be (VP added )VP )VP )VP )S , )PRN (S (VP does n't (VP prevent (NP the charities )NP (PP from (S (VP *UNKING (PRT in )PRT (NP (NP a lot )NP (PP of (NP money )NP )PP )NP (ADVP anyway )ADVP )VP )S )PP )VP )VP )S . )SBAR  STOP
(S (PP Without (NP (NP a *UNK )NP and (NP a *UNK )NP )NP )PP , (NP (NP it )NP )NP (VP 's (ADVP often )ADVP (ADJP hard )ADJP (S (VP to (VP sort (PRT out )PRT (NP *UNK causes )NP (PP from (NP *UNK )NP )PP )VP )VP )S (SBAR if (S (NP (NP all )NP (SBAR (S (NP you )NP (VP 've (VP got (SBAR (S (VP to (VP go (PP on )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP (VP is (NP (NP the solicitation )NP (NP itself )NP )NP )VP )S )SBAR )VP . )S  STOP
(SINV (S (PP On (NP this basis )NP )PP , `` (NP there )NP (VP 's (NP (NP no way )NP (SBAR (S (NP the average person )NP (VP can (VP know (NP a good charity )NP (PP from (NP a bad one )NP )PP )VP )VP )S )SBAR )NP )VP )S , '' (VP says )VP (NP (NP David *UNKC )NP , (NP (NP an assistant attorney general )NP (PP in (NP Connecticut )NP )PP )NP )NP . )SINV  STOP
(S `` (NP (NP A lot )NP (PP of (NP *UNK )NP )PP )NP (ADVP just )ADVP (VP get (VP taken )VP )VP . '' )S  STOP
(PP *UNKING (NP (NP those )NP (PRN , (S (NP he )NP (VP contends )VP )S , )PRN (SBAR (WHNP who )WHNP (S (VP put (NP (QP about $ 1 million )QP )NP (PP into (NP the *UNK )NP )PP (PP for (NP (NP (NP the Connecticut Association )NP (PP of (NP *UNKED *UNKC )NP )PP )NP and (NP the Vietnam *UNKC Service Center )NP )NP )PP )VP )S )SBAR )NP . )PP  STOP
(S (NP The state )NP (VP has (VP sued (NP these charities )NP (PP in (NP state court )NP )PP , (S (VP complaining (SBAR that (S (S (NP (NP much )NP (PP of (NP the money )NP )PP )NP (VP was (ADVP *UNKLY )ADVP (VP *UNK )VP )VP )S ; (S (S (NP *UNK % )NP (PRN , (SINV (VP says )VP (NP Mr. *UNKC )NP )SINV , )PRN (VP went (PP to (NP fund *UNK )NP )PP )VP )S and (S (NP (NP most )NP (PP of (NP the rest )NP )PP )NP (PP (PP to (NP (NP the people )NP (SBAR (WHNP who )WHNP (S (VP ran (NP the charities )NP )VP )S )SBAR )NP )PP and (PP to (NP their *UNK )NP )PP )PP (PRN -- (PP for (NP (NP fur *UNK )NP , (NP (NP trips )NP (PP to (NP Florida )NP )PP )NP , (NP *UNKC restaurant *UNK )NP )NP )PP )PRN )S )S )S )SBAR )VP )S )VP )VP . )S  STOP
(S (S (NP (NP The telephone number )NP (PP for (NP (NP the charity )NP (PP in (NP (NP *UNKC )NP , (NP Conn. )NP , )NP )PP )NP )PP )NP (VP has (VP been (VP *UNKED )VP )VP )VP )S , and (S (NP the former officials )NP (VP could n't (VP be (VP located )VP )VP )VP )S . )S  STOP
(S (S (S (VP *UNKING (NP a charity )NP )VP )S (VP does (VP cost (NP money )NP )VP )VP )S , but (S (NP reputable organizations )NP (VP manage (S (VP to (VP get (NP (NP (NP the *UNK 's )NP share )NP (PP of (NP donations )NP )PP )NP (PP out (PP to (SBAR (WHADVP where )WHADVP (S (NP they )NP (VP are (ADVP really )ADVP (VP needed )VP )VP )S )SBAR )PP )PP )VP )VP )S )VP )S . )S  STOP
(S (NP (NP (NP The *UNKC Foundation )NP , (NP the American Cancer Society )NP and (NP (NP the United Way )NP (PP of (NP America )NP )PP )NP )NP (NP all )NP )NP (VP say (SBAR that (S (NP they )NP (VP spend (NP (NP (QP roughly 90 )QP % )NP (PP of (NP their income )NP )PP )NP (PP on (NP (NP programs )NP , not (NP overhead )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP With (NP some other charities )NP )PP , (ADVP however )ADVP , (NP it )NP (VP *UNK (NP the other way (PRT around )PRT )NP )VP . )S  STOP
(S (NP The fledgling National (NP *UNKC 's )NP Cancer Society )NP , (PP for (NP example )NP )PP , (VP took (PRT in )PRT (NP (QP $ 2.5 million )QP )NP (NP last year )NP (S (VP to (VP finance (NP (NP *UNK- *UNK )NP (PP for (NP children )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (PP By (NP (NP the time )NP (SBAR (S (NP it )NP (VP paid (NP its expenses )NP )VP )S )SBAR )NP )PP (NP it )NP (ADVP only )ADVP (VP had (NP (NP $ *UNKN )NP (VP left )VP -- (ADJP not enough (S (VP to (VP treat (NP even one child )NP )VP )VP )S )ADJP )NP )VP . )S  STOP
(S (NP (NP The state )NP (PP of (NP Illinois )NP )PP )NP (VP is (VP *UNKING (NP (NP the charity )NP )NP (PP for (NP fraud )NP )PP (PP in (NP Chicago )NP )PP , (ADVP along (PP with (NP (NP *UNKC Marketing Inc. )NP , (NP its *UNKED fund *UNK )NP )NP )PP )ADVP )VP )VP . )S  STOP
(S (NP Both )NP (VP deny (NP wrongdoing )NP )VP . )S  STOP
(S (NP The charity )NP (VP (VP admits (S (VP spending (NP a lot )NP (PP on (NP fund raising )NP )PP )VP )S )VP , but (VP says (SBAR (S (NP that )NP (VP was (ADJP necessary )ADJP (S (VP to (VP establish (NP (NP a *UNK base )NP (SBAR (S (NP it )NP (VP can (VP tap (PP at (NP (ADJP much lower )ADJP cost )NP )PP (PP in (NP (NP years )NP (SBAR (S (VP to (VP come )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Michael *UNKC )NP , (NP (NP president )NP (PP of (NP *UNKC )NP )PP )NP , )NP (VP says (SBAR (S (NP his concern )NP (VP has (ADVP only )ADVP (VP benefited (PP from (NP (NP the publicity )NP (VP surrounding (NP the case )NP )VP )NP )PP )VP )VP )S )SBAR , (S (VP noting (SBAR that (S (NP three other charities )NP (VP have (VP signed (PRT on )PRT (PP as (NP clients )NP )PP (SBAR because (S (NP they )NP (VP were (VP impressed (PP with (NP (NP the amount )NP (SBAR (S (NP he )NP (VP raised (PP for (NP National *UNKC 's )NP )PP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP a state court judge )NP (VP has (VP allowed (S (NP the charity )NP (VP to (VP go (PRT on )PRT (S (VP *UNKING (NP funds )NP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP ca n't (VP put (NP charities )NP (PP out (PP of (NP business )NP )PP )PP (SBAR (ADVP simply )ADVP because (S (NP they )NP (VP spend (NP (NP (NP the *UNK 's )NP share )NP (PP of (NP their income )NP )PP )NP (PP on (NP fund raising )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP State laws )NP (ADVP previously )ADVP (VP used (PP as (NP a *UNK )NP )PP (NP (NP minimum *UNK )NP (PP of (NP income )NP )PP (PRN -- (ADVP usually )ADVP (NP half )NP -- )PRN (SBAR (WHNP that )WHNP (S (VP had (S (VP to (VP be (VP spent (PP on (NP (NP the program )NP (PP rather than (NP overhead )NP )PP )NP )PP )VP )VP )VP )S )VP )S )SBAR )NP )VP )S , but (S (NP these )NP (VP have (VP been (VP *UNKED (PP by (NP the U.S. Supreme Court )NP )PP )VP )VP )VP )S . )S  STOP
(S (NP It )NP (VP has (VP ruled (SBAR that (S (NP such laws )NP (VP might (VP work (S (VP to (VP (VP *UNK (NP fund raising )NP )VP , (SBAR (WHNP which )WHNP (S (VP would (VP amount (PP to (S (VP limiting (NP (NP (NP the charities ' )NP *UNK- right )NP (PP to (NP (NP freedom )NP (PP of (NP expression )NP )PP )NP )PP )NP )VP )S )PP )VP )VP )S )SBAR )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP This )NP (VP puts (PP upon (NP *UNK )NP )PP (NP (NP the burden )NP (PP of (S (VP proving (NP *UNK fraud or *UNK )NP )VP )S )PP )NP )VP )S , and (S (NP such actions )NP (VP have (VP been (VP brought (PP against (NP (NP hundreds )NP (PP of (NP charities )NP )PP )NP )PP (ADVP recently )ADVP )VP )VP )VP )S . )S  STOP
(S (S (NP (NP (NP The attorney general 's )NP office )NP (PP in (NP Connecticut )NP )PP (ADVP alone )ADVP )NP (VP has (VP put (NP (NP seven )NP (PP of (NP them )NP )PP )NP (PP out (PP of (NP business )NP )PP )PP (PP over (NP (NP the past couple )NP (PP of (NP years )NP )PP )NP )PP )VP )VP )S , and (S (NP the enforcement drive )NP (VP is (VP continuing (ADVP there and elsewhere )ADVP )VP )VP )S . )S  STOP
(S (PP In (S (VP making (NP cases )NP )VP )S )PP , (NP the authorities )NP (ADVP frequently )ADVP (VP zero (PRT in )PRT (PP on (NP (NP alleged *UNK )NP (VP made (PP by (NP (NP the charities ' )NP fund *UNK )NP )PP )VP )NP )PP )VP . )S  STOP
(S (NP Illinois )NP , (PP for (NP instance )NP )PP , (ADVP currently )ADVP (VP has (PP under (NP investigation )NP )PP (NP (NP 10 )NP (PP of (NP (NP the 30 companies )NP (VP *UNKING (PRT up )PRT (NP (NP funds )NP (PP for (NP (NP charities )NP (VP *UNKING (ADVP there )ADVP )VP )NP )PP )NP )VP )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP pay (NP special attention )NP (PP to (NP (NP operators )NP (VP using (NP *UNK *UNK )NP (PP as (NP an additional *UNK (S (VP to (VP give )VP )VP )S )NP )PP )VP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC general )NP (PP in (NP (NP several states )NP , (PP including (NP Illinois )NP )PP , )NP )PP )NP (VP are (ADVP already )ADVP (VP *UNKING (NP (NP Watson & *UNKC Co. )NP , (NP (NP an (ADJP *UNKC , *UNKED )ADJP *UNK )NP (SBAR (WHNP that )WHNP (S (NP they )NP (VP say (SBAR (S (VP has (VP used (NP deceptive *UNK ads )NP (S (VP to (VP *UNK (NP (NP donations )NP (PP for (NP (NP the American *UNKC *UNKC Foundation )NP and (NP (NP the Cancer Fund )NP (PP of (NP America )NP )PP )NP )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )NP )NP )VP )VP . )S  STOP
(S (PP According (PP to (NP (NP the Illinois attorney general 's )NP suit )NP )PP )PP , (NP Watson & *UNKC )NP (VP sent (NP (NP *UNK )NP (VP indicating (SBAR that (S (NP *UNK )NP (VP (VP were (VP guaranteed (NP cash *UNK )NP )VP )VP , and (VP could (VP win (PP up (PP to (NP an additional $ 1,000 )NP )PP )PP (PP on (NP (NP top )NP (PP of (NP them )NP )PP )NP )PP )VP )VP , (SBAR if (S (NP they )NP (VP contributed (NP (QP as little as $ 7 )QP )NP )VP )S )SBAR )VP )S )SBAR )VP )NP )VP . )S  STOP
(S But (S (NP (NP the total value )NP (PP of (NP the *UNK )NP )PP )NP (VP was (NP (QP only $ 5,000 )QP )NP )VP )S and (S (NP most `` winners )NP '' (VP will (VP receive (NP (QP just 10 )QP cents )NP )VP )VP )S , (PP according (PP to (NP (NP the attorney general 's )NP office )NP )PP )PP . )S  STOP
(S (NP The suit )NP (VP is (ADVP still )ADVP (ADJP pending )ADJP (PP in (NP Illinois state court )NP )PP )VP . )S  STOP
(S (S (NP Watson & *UNKC )NP (VP has (VP denied (NP the allegations )NP (PP in (NP court )NP )PP )VP )VP )S ; (S (NP officials )NP (VP decline (S (VP to (VP comment (ADVP further )ADVP )VP )VP )S )VP )S . )S  STOP
(S (SBAR While (S (NP they )NP (VP can (VP target (NP (NP some )NP (PP of (NP the (ADJP most obvious )ADJP *UNK )NP )PP )NP )VP )VP )S )SBAR , (NP *UNK )NP (VP concede (SBAR that (S (NP they )NP (VP are (ADVP only )ADVP (VP *UNKING (NP the surface )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP There )NP (VP are (NP (NP (ADJP so many )ADJP *UNKING *UNK )NP (VP used (PP by (NP (ADJP so many )ADJP dubious operators )NP )PP )VP (PRN , (S (NP they )NP (VP say )VP )S , )PRN (SBAR that (S (NP (NP it )NP )NP (VP is (ADVP probably )ADVP (ADJP impossible )ADJP (S (VP to (VP stop (NP (NP them )NP (NP all )NP )NP )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(NP (NP One maneuver )NP : (NP the `` public education '' *UNK )NP . )NP  STOP
(S (NP The solicitation material )NP (VP indicates (SBAR that (S (NP donations )NP (VP will (VP go (PP toward (S (NP a campaign )NP (VP *UNKING and *UNKING (NP the public )NP (PP about (NP some (ADJP health or other )ADJP issue )NP )PP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (NP it )NP (VP does n't (VP say )VP )VP )S )SBAR (VP is (SBAR that (S (NP the entire `` campaign '' )NP (VP may (VP be (NP (NP the *UNKING letter )NP (NP itself )NP )NP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (ADVP All too often )ADVP (NP this )NP (VP will (ADVP merely )ADVP (VP be (NP (NP a statement )NP (PP on (NP the solicitation )NP )PP (PP such as , (S ` (S (VP Do n't (VP smoke )VP )VP )S ! ' or ` (S (VP *UNKC (NP *UNK *UNK )NP )VP )S , ' )S )PP )NP )VP )VP )S `` (VP says )VP (NP (NP William Webster )NP , (NP (NP attorney general )NP (PP of (NP Missouri )NP )PP )NP )NP . )SINV  STOP
(S `` (PP By (S (VP putting (NP these *UNK statements )NP (PP on (NP the *UNK )NP )PP )VP )S )PP , (NP (NP hundreds )NP (PP of (NP (NP thousands )NP (PP of (NP dollars )NP )PP )NP )PP )NP (VP are (VP claimed (S (VP to (VP have (VP been (VP spent (PP on (NP (NP education )NP (PP to (NP consumers )NP )PP )NP )PP )VP )VP )VP )VP )S (SBAR (WHADVP when )WHADVP (S (PP in (NP fact )NP )PP (NP this )NP (VP represents (NP (NP the costs )NP (PP of (S (VP sending (NP the *UNK )NP )VP )S )PP )NP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP Mr. Webster )NP (VP cites (NP (NP a *UNK- *UNKING )NP (PP from (NP the United Cancer Council )NP )PP (SBAR (WHNP that )WHNP (S (VP offers (NP a chance (S (VP to (VP win (NP (NP $ 5,000 )NP (PP in (NP gold *UNK )NP )PP )NP )VP )VP )S )NP (PP to (NP (NP those )NP (VP giving (NP (QP as little as $ 5 )QP )NP (PP to (NP cancer education )NP )PP )VP )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S `` (S (NP (NP A few *UNK warnings )NP (PP about (NP cancer )NP )PP )NP (VP appear )VP )S but (S (NP that )NP (VP 's (NP (NP (QP only two )QP inches )NP (PP in (NP all four pages )NP )PP )NP )VP )S . )S  STOP
(S (S (S (NP I )NP (VP think (SBAR (S (NP some people )NP (VP may (VP believe (SBAR (S (NP they )NP (VP 're (VP helping (S (VP fund (NP a massive TV and print campaign )NP )VP )S )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )S , but (S (NP we )NP (VP could n't (VP find (SBAR that (S (NP the charity )NP (VP does (NP (NP anything )NP (PP except (FRAG (VP write (NP these letters )NP )VP )FRAG )PP )NP )VP )S )SBAR )VP )VP )S )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP (NP Officials )NP (PP at (NP the (ADJP Washington *UNKED )ADJP charity )NP )PP )NP (VP did n't (VP return (NP repeated phone calls )NP )VP )VP . )S  STOP
(S (NP Many *UNK- charities )NP (VP ride (NP (NP the *UNK )NP (PP of (NP the (ADJP (ADJP biggest )ADJP , (ADJP *UNK- )ADJP and (ADJP most reputable )ADJP )ADJP ones )NP )PP )NP (PP by (S (VP adopting (NP (NP names )NP (ADJP similar (PP to (NP theirs )NP )PP )ADJP )NP )VP )S )PP )VP . )S  STOP
(S (NP The established charities )NP (VP are (VP (VP *UNKED (PP by (NP this )NP )PP )VP but (VP say (SBAR (S (NP they )NP (VP can (VP do (NP little )NP (PP about (NP it )NP )PP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S `` (NP We )NP (VP ca n't (VP police (NP (NP the many organizations )NP (SBAR (WHNP that )WHNP (S (VP have (VP *UNK (PRT up )PRT (PP in (NP the last few years )NP )PP )VP )VP )S )SBAR (VP using (NP (NP part )NP (PP of (NP our name )NP )PP )NP )VP )NP )VP )VP . )S  STOP
(SINV (S (S (NP (NP Most )NP (PP of (NP them )NP )PP )NP (VP do n't (VP last (PP for (ADJP long )ADJP )PP )VP )VP )S , but (S (PP in (NP the meantime )NP )PP (NP (NP all )NP (SBAR (S (NP we )NP (VP can (VP do )VP )VP )S )SBAR )NP (VP is (VP tell (NP people )NP (SBAR (S (NP they )NP (VP are n't (VP connected (PP with (NP us )NP )PP )VP )VP )S )SBAR )VP )VP )S )S , '' (VP says )VP (NP (NP a spokeswoman )NP (PP for (NP the American *UNKC Association )NP )PP )NP . )SINV  STOP
(S And (ADVP sometimes )ADVP (NP (NP a reputable charity )NP (PP with (NP a household name )NP )PP )NP (VP (VP gets (VP used )VP )VP and (VP does n't (ADVP even )ADVP (VP know (NP it )NP )VP )VP )VP . )S  STOP
(S (NP (NP A couple )NP (PP in (NP (NP *UNKC )NP , (NP Ill. )NP , )NP )PP )NP (VP raised (NP $ *UNKN )NP (NP earlier this year )NP (S (VP using (NP (NP the name and *UNK )NP (PP of (NP (NP *UNKC )NP (PP *UNKC (NP *UNKC *UNKING )NP )PP )NP )PP )NP , (PP without (NP (NP permission )NP (PP from (NP the group )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (VP did n't (VP learn (PP of (NP the fund raising )NP )PP (SBAR until (S (NP the couple )NP (VP sent (NP it )NP (NP (NP a check )NP (PP for (NP $ *UNKN )NP )PP , (ADVP along (PP with (NP (NP a letter )NP (VP saying (SBAR (S (NP that )NP (VP was (NP (NP the charity 's )NP `` share )NP )VP )S )SBAR )VP )NP )PP )ADVP )NP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP The Illinois Attorney General )NP (VP won (NP a court order (S (VP to (VP prevent (NP the couple )NP (PP from (S (VP raising (NP further funds )NP (PP without (NP (NP *UNKC 's )NP permission )NP )PP )VP )S )PP )VP )VP )S )NP )VP . )S  STOP
(S (S (NP The couple )NP (VP could n't (VP be (VP (VP reached (PP for (NP comment )NP )PP )VP and (VP (ADVP apparently )ADVP have (VP left (NP *UNKC )NP )VP )VP )VP )VP )VP )S , (NP law enforcement officials )NP (VP report )VP . )S  STOP
(S (NP (NP *UNKC McDonald )NP , (NP (NP a spokeswoman )NP (PP for (NP *UNKC )NP )PP )NP , )NP (VP says , `` (S (NP It )NP (VP 's (ADJP *UNK )ADJP , (SBAR because (S (NP anybody )NP (VP could (VP do (NP this )NP )VP )VP )S )SBAR )VP )S )VP . '' )S  STOP
(S (NP Mr. Johnson )NP (VP is (NP (NP a staff reporter )NP (PP in (NP (NP The Wall Street Journal 's )NP Chicago bureau )NP )PP )NP )VP . )S  STOP
(NP (NP *UNKC costs )NP (PP at (NP (NP some )NP (PP of (NP the largest charities )NP )PP )NP )PP , (PP in (NP (NP millions )NP (PP of (NP dollars )NP )PP )NP )PP )NP  STOP
(S (NP (NP British Airways PLC )NP , (NP (NP a crucial *UNK )NP (PP in (NP (NP the proposed buy-out )NP (PP of (NP UAL Corp. )NP )PP )NP )PP )NP , )NP (VP *UNKED (NP its hands )NP (PP of (NP the current efforts (S (VP to (VP revive (NP (NP a bid )NP (PP for (NP (NP the parent )NP (PP of (NP United Airlines )NP )PP )NP )PP )NP )VP )VP )S )NP )PP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP the British carrier )NP (VP said (SBAR (S (NP it )NP (ADVP currently )ADVP (VP has (NP no plans (S (VP to (VP participate (PP in (NP (NP any new offer )NP (PP for (NP UAL )NP )PP )NP )PP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP British Air )NP (ADVP officially )ADVP (VP withdrew (NP (NP its support )NP (PP for (NP the previous (ADJP $ 300-a-share bid )ADJP )NP )PP )NP (PP in (NP (NP a *UNK statement )NP (SBAR (WHNP that )WHNP (S (VP said `` (S (NP the original deal )NP (VP is (VP closed )VP )VP )S )VP )S )SBAR )NP )PP )VP . '' )S  STOP
(S (NP Company officials )NP (VP said (ADVP later )ADVP (SBAR that (S (NP British Airways )NP (VP believes (SBAR (S (NP (NP its involvement )NP (PP in (NP the UAL buy-out )NP )PP )NP (VP ended (NP last Friday )NP (SBAR (WHADVP when )WHADVP (S (NP (NP the buy-out group )NP , (SBAR (WHNP which )WHNP (S (ADVP also )ADVP (VP includes (NP (NP UAL 's )NP management and pilot union )NP )VP )S )SBAR , )NP (VP failed (S (VP to (VP obtain (NP (NP financing )NP (PP for (NP the (ADJP (QP $ 6.79 billion )QP )ADJP transaction )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP The carrier )NP (VP stopped (ADVP short (PP of (S (VP saying (SBAR (S (NP it )NP (VP would n't (PP at (NP some point )NP )PP (VP *UNK (S (VP participating (PP in (NP (NP any new bid )NP (PP for (NP UAL )NP )PP )NP )PP )VP )S )VP )VP )S )SBAR )VP )S )PP )ADVP )VP . )S  STOP
(S (ADVP However )ADVP , (NP company officials )NP (VP said (SBAR (S (NP they )NP (VP (VP plan (S (VP to (VP take (NP `` no initiatives '' (S (VP to (VP *UNK (NP the transaction )NP )VP )VP )S )NP )VP )VP )S )VP , and `` (VP are n't (ADJP aware '' (PP of (NP (NP any restructured bid )NP (PP in (NP the making )NP )PP )NP )PP )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP the statements )NP (VP raised (NP (NP questions )NP (PP about (SBAR whether (S (NP (NP a new bid )NP (PP for (NP UAL )NP )PP )NP (VP will (ADVP ever )ADVP (VP get (PP off (NP the ground )NP )PP )VP )VP )S )SBAR )PP )NP )VP . )S  STOP
(S (NP The transaction )NP (VP has (VP had (NP (NP a series )NP (PP of (NP setbacks )NP )PP )NP (SBAR since (S (NP the financing problems )NP (VP became (ADJP known )ADJP (NP last Friday )NP )VP )S )SBAR )VP )VP , (PP with (NP (NP no signs or statements )NP (PP from (NP the buy-out group )NP )PP (SBAR (S (VP to (VP indicate (SBAR that (S (NP any progress )NP (VP has (VP taken (NP place )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP . )S  STOP
(S (ADVP However )ADVP , (PP in (NP (NP response )NP (PP to (NP the British Air decision )NP )PP )NP )PP , (NP (NP United 's )NP pilot union )NP (VP vowed (S (VP to (VP continue (NP efforts (S (VP to (VP revive (NP the buy-out )NP )VP )VP )S )NP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC union Chairman Frederick C. *UNKC )NP (VP said (SBAR (S (NP (NP advisers )NP (PP to (NP (NP UAL management )NP and (NP the union )NP )NP )PP )NP (VP (VP will (VP begin (S (VP meeting (PP in (NP New York )NP )PP (NP today )NP )VP )S )VP )VP and (VP will (VP work (PP through (NP the weekend )NP )PP (S (VP to (VP *UNK (NP (NP a new proposal )NP (SBAR (S (VP to (VP present (PP to (NP (NP UAL 's )NP board )NP )PP `` (PP at (NP the *UNK time possible )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP *UNKC union advisers )NP (VP appeared (ADJP confident (SBAR that (S (NP a new bid )NP (VP could (VP go (ADVP forward )ADVP (PP (ADVP even )ADVP without (NP (NP British Air 's )NP participation )NP )PP )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP UAL )NP (VP declined (S (VP to (VP comment (PP on (NP (NP British Air 's )NP statement )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP UAL Chairman Stephen M. Wolf )NP , (SBAR (WHNP who )WHNP (S (VP is (VP leading (NP (NP the management end )NP (PP of (NP the buy-out )NP )PP )NP )VP )VP )S )SBAR , )NP (VP has n't (VP provided (NP investors )NP (PP with (NP (NP any *UNK )NP (PP about (NP (NP the prospect )NP (PP of (NP a new deal )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP another setback )NP )PP (NP yesterday )NP , (NP (NP United 's )NP *UNK union )NP (VP asked (NP the Treasury Department )NP (S (VP to (VP investigate (SBAR whether (S (NP (NP certain aspects )NP (PP of (NP the original buy-out proposal )NP )PP )NP (VP violated (NP tax laws )NP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (PP In (NP an effort (S (VP to (VP *UNK (NP the buy-out )NP )VP )VP )S )NP )PP , (NP the union )NP (VP has (ADVP already )ADVP (VP called (PP for (NP (NP investigations )NP (PP by (NP the (NX (NX Securities and Exchange Commission )NX , (NX Transportation Department )NX and (NX Labor Department )NX )NX )NP )PP )NP )PP )VP )VP . )S  STOP
(S But (NP there )NP (VP was (NP one bright spot )NP (NP yesterday )NP )VP . )S  STOP
(S (NP The United *UNK- union )NP (VP agreed (PP to (NP (NP negotiations )NP (SBAR (WHNP that )WHNP (S (VP could (VP lead (PP to (S (NP the flight attendants )NP (VP contributing (NP concessions )NP (PP to (NP a revived bid )NP )PP (PP in (NP (NP exchange )NP (PP for (NP an ownership stake )NP )PP )NP )PP )VP )S )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP The pilot union )NP , (NP (NP the only one )NP (SBAR (S (VP to (VP support (NP the buy-out )NP (ADVP thus far )ADVP )VP )VP )S )SBAR )NP , )NP (VP said (SBAR (S (NP (NP the flight attendants ' )NP decision )NP `` (VP *UNK (NP our belief (SBAR that (S (NP an (ADJP *UNK- owned )ADJP airline )NP (VP is (ADJP practical and *UNK )ADJP )VP )S )SBAR )NP )VP )S )SBAR )VP . '' )S  STOP
(S (ADVP Still )ADVP , (PP without (NP (NP the assurance )NP (PP of (NP (NP British Airways ' )NP financial backing )NP )PP )NP )PP , (NP (NP it )NP )NP (VP will (VP be (ADJP tougher )ADJP (SBAR for (S (NP the buy-out group )NP (VP to (VP convince (S (NP *UNK- banks )NP (VP to (VP make (NP (NP loan commitments )NP (PP for (NP a revised bid )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR , (SBAR (ADVP especially )ADVP since (S (NP (NP British Air 's )NP original investment )NP (VP represented (NP (NP 78 % )NP (PP of (NP (NP the cash equity contribution )NP (PP for (NP the bid )NP )PP )NP )PP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP Under (NP the previous plan )NP )PP , (NP British Air )NP (VP would (VP have (VP received (NP (NP a (ADJP 15 % )ADJP stake )NP (PP in (NP UAL )NP )PP )NP (PP in (NP (NP exchange )NP (PP for (NP a (ADJP (QP $ 750 million )QP )ADJP equity investment )NP )PP )NP )PP , (PP with (S (S (NP a (ADJP 75 % )ADJP stake )NP (VP going (PP to (NP UAL employees )NP )PP )VP )S and (S (NP 10 % )NP (PP to (NP UAL management )NP )PP )S )S )PP )VP )VP )VP . )S  STOP
(S (NP British Air officials )NP (VP said (SBAR (S (NP (NP (NP the airline 's )NP chairman )NP , (NP *UNKC King )NP , )NP (VP was (ADJP concerned (PP about (NP (NP news reports )NP (VP indicating (SBAR that (S (NP British Air )NP (VP might (VP be (ADJP willing (S (VP to (VP participate (PP in (NP (NP a bid )NP (SBAR (WHNP that )WHNP (S (VP included (NP (NP a lower purchase price )NP and (NP (NP better investment terms )NP (PP for (NP the British carrier )NP )PP )NP )NP )VP )S )SBAR )NP )PP )VP )VP )S )ADJP )VP )VP )S )SBAR )VP )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP The previous reports )NP (VP were (VP based (PP on (NP (NP remarks )NP (PP by (NP (NP (NP British Air 's )NP chief financial officer )NP , (NP *UNKC Stevens )NP , (SBAR (WHNP who )WHNP (S (VP said (SBAR (S (NP any revised bid )NP (VP would (VP have (S (VP to (VP include (NP a lower purchase price )NP (S (VP to (VP reflect (NP (NP the sharp drop )NP (PP in (NP (NP UAL 's )NP stock )NP )PP (PP in (NP the past week )NP )PP )NP )VP )VP )S )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP UAL stock )NP (VP dropped (NP $ *UNKN )NP (NP yesterday )NP (PP to (NP $ *UNKN )NP )PP (PP on (NP (NP volume )NP (PP of (NP *UNKN shares )NP )PP )NP )PP (PP in (NP (NP composite trading )NP (PP on (NP the New York Stock Exchange )NP )PP )NP )PP )VP . )S  STOP
(S (NP UAL )NP (VP declined (S (VP to (VP comment (PP on (NP (NP British Air 's )NP statement )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP In (NP (NP an interview )NP (NP Wednesday )NP (PP with (NP Dow Jones Professional Investor Report )NP )PP )NP )PP , (NP Mr. Stevens )NP (VP said , `` (S (NP We )NP (VP 're (PP in (NP no way )NP )PP (ADJP committed (PP to (S (NP a deal )NP (VP going (PRT through )PRT (ADVP at all )ADVP )VP )S )PP )ADJP )VP )S )VP . )S  STOP
(S (NP We )NP (VP 're not (VP rushing (PP into (NP anything )NP )PP )VP )VP . )S  STOP
(S (NP We )NP (VP do n't (VP want (S (VP to (VP be (NP (NP party )NP (PP to (NP a second rejection )NP )PP )NP )VP )VP )S )VP )VP . '' )S  STOP
(S (ADVP Indeed )ADVP , (NP British Air )NP (VP seemed (S (VP to (VP be (VP *UNKING (NP itself )NP (PP from (NP the troubled transaction )NP )PP (ADVP early )ADVP )VP )VP )VP )S (PP in (NP an effort (S (VP to (VP avoid (NP any further embarrassment )NP )VP )VP )S )NP )PP )VP . )S  STOP
(S (NP The original transaction )NP (VP fell (PRT through )PRT (PP on (NP (NP the same day )NP (SBAR (S (NP British Air shareholders )NP (VP approved (NP the plan )NP (PP at (NP a special meeting )NP )PP (SBAR after (S (NP the British )NP (VP succeeded (PP in (S (VP *UNKING (NP (NP the financing )NP (PP for (NP its equity contribution )NP )PP )NP )VP )S )PP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The carrier )NP (ADVP also )ADVP (VP seemed (ADJP eager (S (VP to (VP place (NP blame )NP (PP on (NP its American counterparts )NP )PP )VP )VP )S )ADJP )VP . )S  STOP
(S `` (S (NP The -LCB- buy-out -RCB- consortium )NP (VP *UNKED (S (VP to (VP exist (SBAR because (S (NP our American partners )NP (VP were (ADJP not capable (PP of (S (VP organizing (NP the financing )NP )VP )S )PP )ADJP )VP )S )SBAR )VP )VP )S )VP )S , '' (NP a British Air spokesman )NP (VP said )VP . )S  STOP
(S (NP British Airways )NP (VP may (VP have (VP begun (S (VP to (VP have (NP (NP second *UNK )NP (PP about (NP the transaction )NP )PP )NP )VP )VP )S (SBAR after (S (NP the Transportation Department )NP (VP forced (S (NP (NP Northwest 's )NP (NP Airlines ' )NP new owners )NP (VP to (VP restructure (NP (NP the equity contribution )NP (PP of (NP *UNKC Royal Dutch Airlines )NP )PP (PP in (NP that carrier )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP (NP Most )NP (PP of (NP (NP the department 's )NP statements )NP )PP (PP since (NP the Northwest transaction )NP )PP )NP (VP indicated (SBAR (S (NP it )NP (VP planned (S (VP to (VP *UNK (NP (NP foreign ownership stakes )NP (PP in (NP U.S. carriers )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP (ADVP Even )ADVP before (NP (NP British Air 's )NP announcement )NP )PP , (NP pilot union leaders )NP (VP had (VP been (VP meeting (PP in (NP Chicago )NP )PP (NP yesterday )NP (S (VP to (VP consider (NP their options )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP The leaders )NP (VP expressed (NP (NP support )NP (PP for (S (VP trying (S (VP to (VP revive (NP the bid )NP )VP )VP )S )VP )S )PP )NP (PP following (NP (NP a *UNKING )NP (NP Wednesday )NP (PP by (NP (NP (NP the union 's )NP advisers )NP , (NP (NP Lazard *UNKC & Co. )NP and (NP Paul , *UNKC , *UNKC *UNKC & *UNKC )NP )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP They )NP (ADVP also )ADVP (ADVP unanimously )ADVP (VP *UNKED (NP (NP Mr. *UNKC )NP , (NP (NP the union chairman )NP (SBAR (WHNP who )WHNP (S (VP has (VP led (NP (NP the pilots ' )NP (ADJP 2 1\/2-year )ADJP fight (S (VP to (VP take (NP (NP control )NP (PP of (NP the airline )NP )PP )NP )VP )VP )S )NP )VP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (NP (NP UAL 's )NP advisers )NP (VP have (VP indicated (ADVP previously )ADVP (SBAR that (S (NP (NP it )NP )NP (VP may (VP take (NP a while )NP (S (VP to (VP come (PRT forward )PRT (PP with (NP a revised plan )NP )PP )VP )VP )S (SBAR since (S (NP they )NP (VP want (S (VP to (VP have (NP firm bank commitments )NP (PP before (S (VP launching (NP a new bid )NP )VP )S )PP )VP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP They )NP (VP have (VP maintained (SBAR that (S (NP banks )NP (VP remain (ADJP interested (PP in (S (VP financing (NP the transaction )NP )VP )S )PP )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The buy-out )NP (VP fell (PRT through )PRT (SBAR after (S (NP (NP (NP Citicorp )NP and (NP Chase Manhattan Corp. )NP )NP , (NP (NP the lead banks )NP (PP in (NP the transaction )NP )PP )NP , )NP (VP failed (S (VP to (VP obtain (NP (NP (QP $ 7.2 billion )QP )NP (PP in (NP (NP financing )NP (VP needed (PP for (NP the plan )NP )PP )VP )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Italy 's )NP industrial wholesale sales index )NP (VP rose (NP *UNKN % )NP (PP in (NP June )NP )PP (PP from (ADVP (NP a year )NP earlier )ADVP )PP )VP )S , (NP the state statistical institute *UNKC )NP (VP said )VP . )S  STOP
(S (NP The June increase )NP (VP compared (PP with (NP (NP a rise )NP (PP of (NP 10.5 % )NP )PP (PP in (NP May )NP )PP (PP from (ADVP (NP a year )NP earlier )ADVP )PP )NP )PP )VP . )S  STOP
(S (S (NP Domestic wholesale sales )NP (VP rose (NP *UNKN % )NP (PP from (ADVP (NP a year )NP earlier )ADVP )PP , (SBAR while (S (NP foreign sales )NP (VP jumped (NP *UNKN % )NP )VP )S )SBAR )VP )S , (NP *UNKC )NP (VP said )VP . )S  STOP
(S (PP For (NP the first six months )NP )PP , (NP wholesale sales )NP (VP rose (NP *UNKN % )NP (PP from (ADVP (NP the year )NP before )ADVP )PP , (S (VP reflecting (PP to (NP (NP (NP a (ADJP 11.5 % )ADJP jump )NP (PP in (NP domestic sales )NP )PP )NP and (NP (NP a (ADJP 14.6 % )ADJP boost )NP (PP in (NP foreign sales )NP )PP )NP )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP Sales )NP (PP of (NP capital goods )NP )PP (PP to (NP foreign and domestic *UNK )NP )PP )NP (VP increased (NP *UNKN % )NP (PP in (NP the *UNKC period )NP )PP (PP from (ADVP (NP a year )NP earlier )ADVP )PP )VP . )S  STOP
(S (NP (NP Sales )NP (PP of (NP consumer goods )NP )PP )NP (VP rose (NP 6.9 % )NP (PP in (NP the same period )NP )PP , (SBAR while (S (NP (NP sales )NP (PP of (NP *UNK goods )NP )PP )NP (VP were (ADVP up (NP 13.8 % )NP (PP from (ADVP (NP a year )NP ago )ADVP )PP )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Senate Democrats )NP (VP *UNKING (NP (NP a cut )NP (PP in (NP the capital-gains tax )NP )PP )NP )VP )NP (VP have (VP decided , (PP under (NP (NP pressure )NP (PP from (NP their leaders )NP )PP )NP )PP , (S not (VP to (VP offer (NP their own proposal )NP )VP )VP )S , (S (VP *UNKING (NP another obstacle )NP (PP in (NP (NP the path )NP (PP of (NP (NP President Bush 's )NP legislative priority )NP )PP )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP (NP A core group )NP (PP of (NP (QP six or so )QP Democratic senators )NP )PP )NP (VP has (VP been (VP working (PP behind (NP the scenes )NP )PP (S (VP to (VP develop (NP a proposal (S (VP to (VP reduce (NP (NP the tax )NP (PP on (NP (NP the gain )NP (PP from (NP (NP the sale )NP (PP of (NP assets )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (S (NP The plan )NP (VP was (ADJP complete )ADJP (PP except (PP for (NP finishing *UNK )NP )PP )PP )VP )S , and (S (NP there )NP (VP was (NP talk (SBAR that (S (NP it )NP (VP would (VP be (VP unveiled (ADVP (ADVP as early )ADVP (PP as (NP yesterday )NP )PP )ADVP )VP )VP )VP )S )SBAR )NP )VP )S . )S  STOP
(S But (NP (NP Senate Majority Leader George Mitchell )NP (PRN -LRB- (NP (NP D. )NP , (NP Maine )NP )NP -RRB- )PRN , (NP (NP a vigorous opponent )NP (PP of (NP the capital-gains tax cut )NP )PP )NP , )NP (VP called (S (NP the group )NP (VP to (VP meet (PP with (NP him )NP )PP (NP (NP Wednesday night )NP and (ADVP again )ADVP (NP yesterday )NP )NP )VP )VP )S )VP . )S  STOP
(S (NP Sen. Mitchell )NP (VP urged (NP them )NP (S (VP to (VP *UNK )VP )VP )S )VP . )S  STOP
(S (ADVP *UNKC )ADVP , (NP (NP leaders )NP (PP of (NP the dissident Democrats )NP )PP )NP (VP (VP *UNKED )VP , and (VP said (SBAR (S (NP they )NP (VP would n't (VP offer (NP their own proposal )NP (SBAR as (S (NP they )NP (VP had (VP planned )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The decision )NP (VP is (NP (NP a setback )NP (PP for (NP (NP President Bush )NP , (SBAR (WHNP who )WHNP (S (VP needs (NP (NP the support )NP (PP of (NP Democrats )NP )PP )NP (S (VP to (VP pass (NP the tax cut )NP (PP through (NP the *UNKED Senate )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (S (VP Having (S (NP a proposal )NP (VP sponsored (PP by (NP Democrats )NP )PP )VP )S )VP )S (VP would (VP have (VP given (NP the president )NP (NP an advantage )NP )VP )VP )VP . )S  STOP
(S (S (VP Having (NP only a Republican measure )NP )VP )S (VP makes (S (NP the task )NP (ADJP harder )ADJP )S )VP . )S  STOP
(S (ADVP Still )ADVP , (NP (NP Sen. Bob Packwood )NP (PRN -LRB- (NP (NP R. )NP , (NP Ore. )NP )NP -RRB- )PRN , (NP (NP the lead sponsor )NP (PP of (NP the Republican capital-gains amendment )NP )PP )NP , )NP (VP predicted (SBAR that (S (NP the tax cut )NP (VP would (VP be (VP enacted (NP this year )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (SBAR (S (NP (NP a clear majority )NP (PP of (NP senators )NP )PP )NP (VP back (NP the tax reduction )NP )VP )S )SBAR and (SBAR that (S (ADVP ultimately )ADVP (NP there )NP (VP would (VP be (NP (NP enough senators )NP (SBAR (S (VP to (VP overcome (NP (NP any procedural *UNK )NP (SBAR (S (NP the Democratic leadership )NP (VP might (VP *UNK )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S But (NP (NP Sen. Mitchell )NP , (VP buoyed (PP by (NP (NP his victory )NP (PP among (NP fellow Democrats )NP )PP )NP )PP )VP , )NP (ADVP strongly )ADVP (VP *UNKED )VP . )S  STOP
(S (NP Mr. Mitchell )NP (VP has (VP been (VP predicting (SBAR that (S (NP (NP the president 's )NP initiative )NP (VP would (VP fail (NP this year )NP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP Yesterday )NP , (PP in (NP an interview )NP )PP , (NP he )NP (VP added (SBAR that (S (NP (NP the Democrats ' )NP decision )NP `` (VP increases (NP the likelihood (SBAR that (S (NP a capital-gains tax cut )NP (VP will not (VP pass (NP this year )NP )VP )VP )S )SBAR )NP . '' )VP )S )SBAR )VP )S  STOP
(S (NP (NP Mr. Mitchell 's )NP first victory )NP (VP came (NP last week )NP , (SBAR (WHADVP when )WHADVP (S (NP the Senate )NP (VP passed (NP (NP a deficit-reduction bill )NP (SBAR (WHNP that )WHNP (S (VP did n't (VP contain (NP a capital-gains provision )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP That vote )NP (VP made (S (NP (NP it )NP )NP (ADJP unlikely )ADJP (SBAR that (S (NP a capital-gains tax cut )NP (VP would (VP be (VP included (PP in (NP (NP the final bill )NP , (VP (ADVP now )ADVP (VP being (VP drafted (PP by (NP House and Senate negotiators )NP )PP )VP )VP )VP )NP )PP )VP )VP )VP )S )SBAR )S )VP . )S  STOP
(S (NP (NP The House version )NP (PP of (NP the bill )NP )PP )NP (VP does (VP include (NP the tax cut )NP )VP )VP . )S  STOP
(S (ADVP Now )ADVP (NP Republican leaders )NP (VP are (VP concentrating (PP on (S (VP *UNKING (NP a capital-gains amendment )NP (PP to (NP (NP some other bill )NP , (NP (ADVP perhaps )ADVP (NP (NP a measure )NP (VP raising (NP the federal borrowing limit )NP )VP )NP or (NP (NP a second tax bill )NP (SBAR (WHNP that )WHNP (S (VP would (VP follow (PP on (NP (NP the heels )NP (PP of (NP the deficit-reduction legislation )NP )PP )NP )PP )VP )VP )S )SBAR )NP )NP )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S (S (VP To (VP help (S (VP lay (NP (NP the *UNK )NP (PP for (NP that fight )NP )PP )NP )VP )S )VP )VP )S , (NP President Bush )NP (VP plans (S (NP early next week )NP (VP to (VP meet (PP at (NP the White House )NP )PP (PP with (NP (NP some 20 Democratic senators )NP (SBAR (WHNP who )WHNP (S (VP (VP favor (S (VP cutting (NP the capital-gains tax )NP )VP )S )VP or (VP are (ADJP *UNKED (PP on (NP the issue )NP )PP )ADJP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S (S (NP The president )NP (ADVP apparently )ADVP (VP will (VP have (NP (NP (NP only one bill )NP (SBAR (S (VP to (VP push )VP )VP )S )SBAR )NP , (NP Sen. Packwood 's )NP )NP )VP )VP )S , and (S (NP (NP (ADVP at least )ADVP some )NP (PP of (NP the dissident Democrats )NP )PP )NP (VP plan (S (VP to (VP support (NP it )NP )VP )VP )S )VP )S . )S  STOP
(SINV `` (S (NP I )NP (VP may (VP want (S (VP to (VP offer (NP (NP additional amendments )NP (SBAR (S (VP to (VP improve (NP it )NP )VP )VP )S )SBAR )NP )VP )VP )S (SBAR (WHADVP when )WHADVP (S (NP the bill )NP (VP comes (PP to (NP the floor )NP )PP )VP )S )SBAR )VP )VP )S , '' (VP said )VP (NP (NP Sen. David Boren )NP (PRN -LRB- (NP (NP D. )NP , (NP *UNKC )NP )NP -RRB- )PRN , (NP (NP a leader )NP (PP of (NP those Democrats )NP )PP )NP )NP . )SINV  STOP
(S (NP The Packwood plan )NP , (SBAR as (S (VP expected )VP )S )SBAR , (VP would (VP allow (S (NP individuals )NP (VP to (VP exclude (PP from (NP income )NP )PP (NP (NP 5 % )NP (PP of (NP (NP the gain )NP (PP from (NP (NP the sale )NP (PP of (NP (NP a capital asset )NP (VP held (PP for (NP (QP more than one )QP year )NP )PP )VP )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP The exclusion )NP (VP would (VP rise (NP five percentage points )NP (PP for (NP (NP each year )NP (SBAR (S (NP the asset )NP (VP was (VP held )VP )VP )S )SBAR )NP )PP , (SBAR until (S (NP it )NP (VP reached (NP (NP a maximum )NP (PP of (NP 35 % )NP )PP )NP (PP after (NP seven years )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The exclusion )NP (VP would (VP apply (PP to (NP (NP assets )NP (VP sold (PP after (NP Oct. 1 )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (PP As (NP an alternative )NP )PP , (NP taxpayers )NP (VP could (VP chose (S (VP to (VP reduce (NP their gains )NP (PP by (NP an inflation index )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (PP For (NP corporations )NP )PP , (NP (NP the top tax rate )NP (PP on (NP (NP the sale )NP (PP of (NP (NP assets )NP (VP held (PP for (NP (QP more than three )QP years )NP )PP )VP )NP )PP )NP )PP )NP (VP would (VP be (VP cut (PP to (NP 33 % )NP )PP (PP from (NP (NP the current top rate )NP (PP of (NP 34 % )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP That rate )NP (VP would (ADVP gradually )ADVP (VP decline (PP to (NP (QP as little as 29 )QP % )NP )PP (PP for (NP (NP corporate assets )NP (VP held (PP for (NP 15 years )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (NP The Packwood plan )NP (ADVP also )ADVP (VP would (VP include (NP (NP a proposal )NP , (VP designed (PP by (NP (NP Sen. William Roth )NP (PRN -LRB- (NP (NP R. )NP , (NP *UNKC )NP )NP -RRB- )PRN )NP )PP )VP , (SBAR (WHNP that )WHNP (S (VP would (VP create (NP (NP new tax benefits )NP (PP for (NP individual retirement accounts )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP The Roth plan )NP (VP would (VP create (NP (NP a new , *UNK- IRA )NP (SBAR (WHPP from (WHNP which )WHNP )WHPP (S (NP money )NP (VP could (VP be (VP withdrawn (ADVP tax-free )ADVP (PP (CONJP not only )CONJP (PP for (NP retirement )NP )PP , (CONJP but also )CONJP (PP for (NP (NP (NP the purchase )NP (PP of (NP a first home )NP )PP )NP , (NP education expenses )NP and (NP medical expenses )NP )NP )PP )PP )VP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP Current IRAs )NP (VP (VP could (VP be (VP rolled (PRT over )PRT (PP into (NP the new IRAs )NP )PP )VP )VP )VP , but (VP would (VP be (ADJP subject (PP to (NP (NP tax )NP (PP though (NP no penalty )NP )PP )NP )PP )ADJP )VP )VP )VP . )S  STOP
(S (NP *UNKC *UNKC Co. )NP , (S (VP *UNKING (NP (NP benefits )NP (PP of (NP a sustained effort (S (VP to (VP (VP cut (NP costs )NP )VP and (VP boost (NP productivity )NP )VP )VP )VP )S )NP )PP )NP )VP )S , (VP reported (NP (ADJP sharply improved )ADJP third-quarter results )NP )VP . )S  STOP
(S (NP (NP The producer and marketer )NP (PP of (NP *UNK- coal )NP )PP )NP (VP said (SBAR (S (NP (NP net income )NP (PP for (NP the quarter )NP )PP )NP (VP was (NP (NP (QP $ 5.9 million )QP )NP , or (NP (NP 71 cents )NP (NP a share )NP )NP )NP , (PP on (NP (NP revenue )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP the year-earlier period )NP )PP , (NP the company )NP (VP reported (NP (NP a loss )NP (PP of (NP (NP $ *UNKN )NP or (NP (NP six cents )NP (NP a share )NP )NP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP the latest nine months )NP )PP , (NP the company )NP (VP earned (NP (NP (QP $ 8.5 million )QP )NP , or (NP (NP $ 1.03 )NP (NP a share )NP )NP )NP )VP . )S  STOP
(S (NP (NP (NP Last year 's )NP net loss )NP (PP of (NP $ *UNKN )NP )PP )NP (VP included (NP (NP a benefit )NP (PP of (NP $ *UNKN )NP )PP (PP from (NP an accounting change )NP )PP )NP )VP . )S  STOP
(S (NP (NP Revenue )NP (PP for (NP the nine months )NP )PP )NP (VP rose (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (PP In (NP an interview )NP )PP , (NP (NP *UNKC *UNKC )NP , (NP (NP president )NP and (NP chief executive )NP )NP , )NP (VP cited (NP (NP (NP several reasons )NP (PP for (NP the improvement )NP )PP )NP : (NP (NP (NP higher employee productivity )NP and (NP (NP `` good natural conditions '' )NP (PP in (NP the mines )NP )PP )NP )NP , (CONJP as well as )CONJP (NP (NP lower costs )NP (PP for (NP (NP materials )NP , (NP administrative overhead )NP and (NP debt interest )NP )NP )PP )NP )NP )NP )VP . )S  STOP
(S (PP In (NP the latest nine months )NP )PP (PRN , (S (NP Mr. *UNKC )NP (VP said )VP )S , )PRN (NP total coal sales )NP (VP rose (PP to (NP (QP about 14.6 million )QP tons )NP )PP (PP from (NP (QP about *UNKN million )QP tons )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP long-term debt )NP (VP has (VP been (VP trimmed (PP to (NP (QP about $ 72 million )QP )NP )PP (PP from (NP (QP $ 96 million )QP )NP )PP (PP since (NP Jan. 1 )NP )PP )VP )VP )VP . )S  STOP
(S (NP He )NP (VP predicted (SBAR (S (NP the debt ratio )NP (VP will (VP improve (ADVP further )ADVP (PP in (NP coming quarters )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC 's )NP strategy )NP (VP is (S (VP to (VP retain and expand (NP (NP its core business )NP (PP of (S (VP mining and selling (NP *UNK- coal )NP (PP in (NP the *UNKC region )NP )PP )VP )S )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP The operating territory )NP (VP includes (NP (NP coal terminals )NP (PP (PP on (NP the Ohio River )NP )PP and (PP in (NP (NP Newport News )NP , (NP Va )NP )NP )PP )PP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP exports (NP (NP (QP about a fourth )QP )NP (PP of (NP its coal *UNK )NP )PP , (PP including (NP (NP a significant amount )NP (PP of (NP (NP *UNK coal )NP (VP produced (PP by (NP others )NP )PP )VP (SBAR (WHNP that )WHNP (S (VP is (VP used (PP by (NP (NP steelmakers )NP (ADVP overseas )ADVP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP For (NP (NP the past couple )NP (PP of (NP years )NP )PP )NP )PP , (NP Westmoreland )NP (VP has (VP undertaken (NP (NP an aggressive streamlining )NP (PP of (NP (NP all aspects )NP (PP of (NP its business )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC operations )NP and (NP assets )NP )NP (VP have (VP been (VP sold )VP )VP )VP . )S  STOP
(S (NP (NP The size )NP (PP of (NP (NP the company 's )NP board )NP )PP )NP (VP has (VP been (VP reduced (PP to (NP eight directors )NP )PP (PP from (NP 13 )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP (QP About 140 )QP *UNKED management jobs )NP and (NP (NP hundreds )NP (PP of (NP *UNKLY wage positions )NP )PP )NP )NP (VP have (VP been (VP eliminated )VP )VP )VP . )S  STOP
(S (NP Even *UNK )NP (VP have (VP been (VP reduced )VP )VP )VP . )S  STOP
(S (S (PP For (NP example )NP )PP , (NP (NP the chief executive )NP (NP himself )NP )NP (ADVP now )ADVP (VP pays (NP (NP 20 % )NP (PP of (NP (NP the cost )NP (PP of (NP his health benefits )NP )PP )NP )PP )NP )VP )S ; (S (NP the company )NP (VP used (S (VP to (VP pay (NP 100 % )NP )VP )VP )S )VP )S . )S  STOP
(S `` (S (NP I )NP (VP think (SBAR (S (S (NP the ship )NP (VP is (ADVP now )ADVP (VP *UNKED )VP )VP )S , (S (NP the *UNK )NP (VP are (VP *UNKED )VP )VP )S and (S (NP we )NP (VP are (PP on (NP course )NP )PP )VP )S )S )SBAR )VP )S , '' (NP Mr. *UNKC )NP (VP said (PP of (NP the restructuring program )NP )PP )VP . )S  STOP
(S `` (NP (NP Much )NP (PP of (SBAR (WHNP what )WHNP (S (NP we )NP (VP set (PRT out )PRT (S (VP to (VP do )VP )VP )S )VP )S )SBAR )PP )NP (VP is (VP completed )VP )VP . '' )S  STOP
(S But (NP he )NP (VP cautioned (SBAR that (S (S (NP (NP Westmoreland 's )NP third quarter )NP (VP is (ADVP typically )ADVP (ADJP (ADVP better )ADVP (PP than (NP the fourth )NP )PP )ADJP )VP )S , so (S (NP investors )NP `` (VP should n't (ADVP just )ADVP (VP (VP *UNKLY (NP the third quarter )NP (PP by (NP four )NP )PP )VP '' and (VP assume (SBAR (S (NP (NP the same rate )NP (PP of (NP improvement )NP )PP )NP (VP can (VP be (VP sustained )VP )VP )VP )S )SBAR )VP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (NP One difference )NP (PRN , (S (NP he )NP (VP said )VP )S , )PRN (VP is (SBAR that (S (NP the fourth quarter )NP (VP has (NP (ADJP significantly fewer )ADJP *UNK )NP (PP because of (NP (NP *UNK )NP and (NP the *UNKING season )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP I )NP (VP do n't (VP want (S (VP to (VP give (NP the impression (SBAR that (S (NP everybody )NP (VP can (VP relax (ADVP now )ADVP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S `` (NP We )NP (VP have (S (VP to (VP keep (S (VP working (PP at (S (VP improving (NP our core business )NP )VP )S )PP )VP )S )VP )VP )S (S (VP to (VP stay (ADJP efficient )ADJP )VP )VP )S )VP . )S  STOP
(S (NP It )NP (VP 's (NP (NP a process )NP (SBAR (WHNP that )WHNP (S (ADVP never )ADVP (ADVP really )ADVP (VP ends )VP )S )SBAR )NP )VP . '' )S  STOP
(S (ADVP Nevertheless )ADVP , (NP Mr. *UNKC )NP (VP predicted (SBAR (SBAR that (S (NP 1989 )NP (VP would (VP be `` (ADJP *UNKLY profitable )ADJP '' (PP for (NP Westmoreland )NP )PP )VP )VP )S )SBAR and (SBAR that (S (NP 1990 )NP (VP would (VP bring `` (NP (NP more )NP (PP of (NP the same )NP )PP )NP )VP )VP )S )SBAR )SBAR )VP . '' )S  STOP
(S (PP For (NP (NP all )NP (PP of (NP 1988 )NP )PP )NP )PP , (NP the company )NP (VP reported (NP (NP an after-tax operating loss )NP (PP of (NP $ *UNKN )NP )PP )NP (PP on (NP (NP revenue )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )VP . )S  STOP
(S (NP An accounting adjustment )NP (VP made (S (NP net income )NP (NP (NP (QP $ 1.5 million )QP )NP , or (NP (NP 18 cents )NP (NP a share )NP )NP )NP )S )VP . )S  STOP
(S (PP In (NP (NP a move )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP (NP the company 's )NP basic strategy )NP )VP )S )SBAR )NP )PP , (NP its Westmoreland Energy Inc. unit )NP (VP is (VP developing (NP four *UNKED *UNK plants )NP (PP with (NP (NP a partner )NP (PP in (NP Virginia )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Some )NP (PP of (NP (NP the coal )NP (SBAR (S (NP the plants )NP (VP buy )VP )S )SBAR )NP )PP )NP (VP will (VP come (PP from (NP Westmoreland mines )NP )PP )VP )VP . )S  STOP
(S (NP Mr. Hutchinson )NP (VP predicted (SBAR that (S (NP (NP (NP the unit 's )NP contribution )NP (PP to (NP company results )NP )PP (PP in (NP the 1990s )NP )PP )NP `` (VP will (VP be (ADJP exciting )ADJP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP Westmoreland )NP (VP is (VP looking (PP at (NP (NP investment stakes )NP (PP in (NP (NP other *UNK plants )NP (ADJP east (PP of (NP the Mississippi River )NP )PP )ADJP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Westmoreland )NP (VP expects (S (NP energy demand )NP (VP to (VP grow (ADVP annually )ADVP (PP in (NP the (ADJP 2.5 % )ADJP range )NP )PP (PP in (NP the early 1990s )NP )PP )VP )VP )S )VP . )S  STOP
(S `` (S (NP We )NP (VP see (S (NP (NP (NP coal 's )NP piece )NP (PP of (NP the action )NP )PP )NP (VP growing )VP )S )VP )S , '' (NP Mr. Hutchinson )NP (VP said )VP . )S  STOP
(S `` (S (NP *UNKC prices )NP , (SBAR while (S not (VP *UNKING )VP )S )SBAR , (VP will (VP grow (ADVP modestly )ADVP (PP in (NP real terms )NP )PP )VP )VP )S , (NP we )NP (VP think )VP . )S  STOP
(S (NP Chase Manhattan Corp. )NP , (PP after (S (VP trying (ADVP *UNKLY )ADVP (S (VP to (VP sell (NP (NP its interest )NP (PP in (NP its lower Manhattan operations building )NP )PP )NP )VP )VP )S )VP )S )PP , (VP has (VP exercised (NP its option (S (VP to (VP purchase (NP the *UNK- office tower )NP )VP )VP )S )NP )VP )VP . )S  STOP
(S (NP Chase )NP (VP had (VP purchased (NP an option (S (VP to (VP buy (NP (NP the building )NP (PP at (NP One New York Plaza )NP )PP )NP (PP for (NP an undisclosed sum )NP )PP )VP )VP )S )NP (PP from (NP the late *UNKC *UNKC )NP )PP (PP as (NP (NP part )NP (PP of (NP its original lease )NP )PP )NP )PP (PP in (NP 1970 )NP )PP )VP )VP . )S  STOP
(S (NP The current transaction )NP (VP cost (NP the bank )NP (NP (QP approximately $ 140 million )QP )NP )VP . )S  STOP
(S (PP Of (NP that amount )NP )PP , (S (NP (NP (QP $ 20 million )QP )NP )NP (VP was (NP (NP payment )NP (PP for (NP (NP the land )NP (PP *UNK (NP the building )NP )PP )NP )PP )NP )VP )S and (S (NP (NP the rest )NP )NP (VP was (PP for (NP (NP the building )NP (NP itself )NP )NP )PP )VP )S . )S  STOP
(S (NP The building )NP (VP houses (NP (NP (QP about *UNKN )QP Chase workers )NP , (SBAR (WHNP (WHNP most )WHNP (WHPP of (WHNP whom )WHNP )WHPP )WHNP (S (VP will (VP be (VP moved (PP to (NP downtown Brooklyn )NP )PP (SBAR after (S (NP (NP the bank 's )NP new back office center )NP (VP is (VP completed (PP in (NP 1993 )NP )PP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The move )NP (VP is (NP (NP part )NP (PP of (NP (NP Chase 's )NP strategy (S (VP to (VP consolidate (NP its back offices )NP (PP under (NP one *UNK )NP )PP )VP )VP )S )NP )PP )NP )VP . )S  STOP
(S (NP The headquarters )NP (VP is (VP located (ADVP (NP a few blocks )NP away )ADVP (PP at (NP 1 Chase Manhattan Plaza )NP )PP )VP )VP . )S  STOP
(S (PP As (NP (NP part )NP (PP of (NP its decision (S (VP to (VP leave (NP the building )NP )VP )VP )S )NP )PP )NP )PP , (NP Chase )NP (VP tried (S (VP to (VP sell (NP (NP its interest )NP , (ADVP along (PP with (NP (NP the *UNKC estate 's )NP interest )NP )PP )ADVP )NP )VP )VP )S , (PP (ADVP shortly )ADVP after (NP the October 1987 stock market crash )NP )PP )VP . )S  STOP
(S (NP Chase *UNKC Vice President George *UNKC )NP (VP said (SBAR (S (NP the bank )NP (VP decided (S (VP to (VP exercise (NP its option )NP )VP )VP )S (SBAR after (S (NP bids )NP (VP fell (ADVP short (PP of (NP expectations )NP )PP )ADVP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP (NP Chase )NP and (NP the *UNKC estate )NP )NP (VP (VP were (VP looking (S (VP to (VP sell (NP the entire building )NP (PP for (NP (QP $ 400 million to $ 475 million )QP )NP )PP )VP )VP )S )VP )VP , but (VP did n't (VP get (NP (NP an offer )NP (PP for (NP (QP more than $ *UNKN million )QP )NP )PP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP As (NP (NP the building 's )NP new owner )NP )PP , (NP Chase )NP (VP will (VP have (S (NP its work )NP (VP cut (PRT out )PRT (PP for (NP it )NP )PP )VP )S )VP )VP . )S  STOP
(S (S (NP Chase )NP (VP is (VP *UNKING (NP (NP (QP 1.1 million )QP square feet )NP (PP of (NP space )NP )PP )NP )VP )VP )S , and (S (NP (NP Salomon Brothers Inc. )NP , (SBAR (WHNP whose headquarters )WHNP (S (VP is (PP in (NP the building )NP )PP )VP )S )SBAR , )NP (ADVP also )ADVP (VP plans (S (VP to (VP move (ADVP shortly )ADVP )VP )VP )S )VP )S . )S  STOP
(S (PP In (NP addition )NP )PP , (NP (NP another major building *UNK )NP , (NP (NP Thomson *UNKC Inc. 's )NP Thomson *UNKC Securities )NP , )NP (ADVP likely )ADVP (VP will (VP *UNK (NP the *UNK )NP (PP as (NP (NP part )NP (PP of (NP its liquidation )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP New York real estate brokerage Edward S. Gordon Co. )NP (VP will (VP have (NP (NP the difficult task )NP (PP of (S (VP finding (NP new tenants )NP )VP )S )PP )NP )VP )VP . )S  STOP
(S (ADVP Even )ADVP (PP with (NP (NP its striking views )NP (PP of (NP the New York *UNK )NP )PP )NP )PP , (NP the building )NP (VP is (VP considered (S (ADJP *UNKED (PP by (NP modern office standards )NP )PP )ADJP )S )VP )VP . )S  STOP
(S And (NP Chase )NP (VP will (VP have (S (VP to (VP spend (NP (QP approximately $ 50 million )QP )NP (S (VP to (VP remove (NP asbestos )NP (PP from (NP the *UNK )NP )PP )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (NP *UNKC *UNKC )NP , (VP *UNKC (NP hands )NP (PP with (NP George *UNKC )NP )PP )VP . )S  STOP
(S (NP (NP The author )NP (PP of (NP the *UNK novel `` (NX 1984 )NX '' )NP )PP )NP (VP invented (NP (NP a language )NP (VP called (S (NP *UNKC )NP )S )VP (SBAR (WHNP that )WHNP (S (VP made (S (NP (NP it )NP )NP (ADJP impossible )ADJP (S (VP to (ADVP fully )ADVP (VP develop (NP (NP a *UNK thought )NP (PRN -- (S (NP that )NP (VP is , (NP (NP anything )NP (ADJP negative )ADJP (PP about (NP (NP the policies and practices )NP (PP of (NP the state )NP )PP )NP )PP )NP )VP )S )PRN )NP )VP )VP )S )S )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP Wall Street )NP (VP has n't (VP gotten (ADVP that far )ADVP (ADVP yet )ADVP )VP )VP )S , but (S (NP it )NP (VP has (VP made (NP a promising start )NP )VP )VP )S . )S  STOP
(S (NP Its language )NP (PRN -- (S (VP call (S (NP it )NP (NP *UNKC )NP )S )VP )S -- )PRN (VP is (UCP (ADVP increasingly )ADVP (ADJP *UNK )ADJP , (ADJP *UNKING )ADJP , and (VP designed (S (VP to (VP make (S (NP financial products and *UNK )NP (VP appear (ADJP (ADJP better , safer or cheaper )ADJP (SBAR than (S (NP they )NP (ADVP really )ADVP (VP are )VP )S )SBAR )ADJP )VP )S )VP )VP )S )VP )UCP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP (NP something )NP (ADJP *UNKLY nasty )ADJP )NP (VP happens )VP )S )SBAR , (NP a few *UNK )NP (VP are (VP *UNKED (S (VP to (ADVP simply )ADVP (VP make (S (NP it )NP (VP *UNK )VP )S )VP )VP )S , (SBAR (ADVP much )ADVP as (S (NP a fresh grave )NP (VP may (VP be (VP covered (PP by (NP (NP a *UNK )NP (PP of (NP *UNK )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP For (NP example )NP )PP , (NP we )NP (VP 'll (VP bet (SBAR (S (NP you )NP (VP thought (SBAR that (S (NP the stock market )NP (VP *UNKED (ADVP (NP two years )NP ago )ADVP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(ADJP *UNKC . )ADJP  STOP
(S (PP According (PP to (NP (NP some )NP (PP of (NP (NP the grand *UNK )NP (PP of (NP the market )NP )PP )NP )PP )NP )PP )PP , (NP it )NP (ADVP never )ADVP (VP happened )VP . )S  STOP
(S (PP In (NP their *UNK )NP )PP (NP (NP the *UNK- collapse )NP (PP in (NP the Dow Jones Industrial Average )NP )PP (PP on (NP Oct. 19 , 1987 , )NP )PP )NP (VP was (NP just a big *UNK )NP )VP . )S  STOP
(S (S (VP *UNKING (PRT out )PRT (NP a *UNKED *UNKC term )NP )VP )S , (NP New York Stock Exchange Chairman John Phelan )NP (ADVP recently )ADVP (VP declared (SBAR that (S (NP history )NP (VP would (VP record (NP the event )NP (PP as (NP only `` a major technical *UNK )NP )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S -LRB- (NP Another *UNKED saying )NP , (ADVP however )ADVP , (S (NP this one )NP (PP in (NP plain English )NP )PP )S , (VP holds (SBAR that (S (SBAR if (S (NP something )NP (VP (VP *UNK (PP like (NP a duck )NP )PP )VP and (VP *UNK (PP like (NP a duck )NP )PP )VP )VP )S )SBAR , (NP it )NP (VP is (NP a duck )NP )VP )S )SBAR )VP . )S  STOP
(S (PP On (NP (NP Oct. 29 , *UNKN )NP (PRN -- (NP (NP a date )NP (SBAR (S (NP *UNK )NP (ADVP *UNKLY )ADVP (VP insist (PP on (S (VP *UNKING (PP with (NP the *UNKED *UNKC )NP )PP )VP )S )PP )VP )S )SBAR )NP -- )PRN )NP )PP (NP the *UNK industrials )NP (VP fell (NP *UNKN % )NP )VP . )S  STOP
(S (PP In (NP (NP the `` technical correction '' )NP (PP of (ADVP (NP two years )NP ago )ADVP )PP )NP )PP , (NP they )NP (VP lost (NP a *UNKING *UNKN % )NP )VP . -RRB- )S  STOP
(S (NP *UNKC )NP (VP hear (NP (NP a lot )NP (PP of (NP this stuff )NP )PP )NP (PP from (NP (NP people )NP (SBAR (WHNP who )WHNP (S (VP try (S (VP to (VP sell (NP them )NP (NP stock )NP )VP )VP )S )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (S (NP These people )NP (VP used (S (VP to (VP be (VP called (S (NP brokers )NP )S )VP )VP )VP )S )VP )S , but (S (ADVP apparently )ADVP (NP this word )NP (VP either (VP is not (ADJP *UNK enough )ADJP )VP or (VP carries (NP (NP (ADJP too many )ADJP negative *UNK )NP (PP from (NP (NP the *UNKED technical correction )NP , (SBAR (WHADVP when )WHADVP (S (NP *UNKED customers )NP (VP could n't (VP raise (NP brokers )NP (PP on (NP the phone )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S . )S  STOP
(S (NP Either way )NP , (NP the word `` broker '' )NP (VP is (ADVP clearly )ADVP (PP out (PP of (NP favor )NP )PP )PP )VP . )S  STOP
(S (PP Of (NP the major (ADJP New York-based )ADJP securities firms )NP )PP , (NP (NP only Morgan Stanley & Co. )NP )NP (ADVP still )ADVP (VP calls (S (NP its salespeople )NP (NP brokers )NP )S )VP . )S  STOP
(S (PP At (NP (NP Merrill Lynch & Co. )NP and (NP Shearson Lehman Hutton Inc. )NP )NP )PP , (NP they )NP (VP are `` (NP financial consultants )NP )VP . '' )S  STOP
(S (PP At (NP (NP Drexel Burnham Lambert Inc. )NP , (NP Prudential *UNKC Securities )NP , and (NP Dean Witter Reynolds Inc. )NP )NP )PP , (NP they )NP (VP are `` (NP account executives )NP )VP . '' )S  STOP
(S (PP At (NP PaineWebber Inc. )NP )PP , (NP they )NP (VP are `` (NP investment executives )NP )VP . '' )S  STOP
(S (NP Such titles )NP (VP are (VP designed (S (VP to (VP *UNK (NP (NP a sense )NP (PP of (NP *UNKED , *UNK- *UNK and expertise )NP )PP )NP (PP in (S (VP selling (NP (NP today 's )NP *UNK financial products )NP )VP )S )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP It )NP (VP is (NP (NP a *UNK and expertise )NP (SBAR (WHNP that )WHNP (S (NP (NP some brokers )NP (NP themselves )NP )NP , (S (VP *UNKED (PP by (NP (NP all the new things )NP (VP being (VP *UNKED (PRT up )PRT )VP )VP (SBAR for (S (NP them )NP (VP to (VP *UNK )VP )VP )S )SBAR )NP )PP )VP )S , (VP do n't (VP feel )VP )VP )S )SBAR )NP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP *UNK (ADVP almost )ADVP (NP product de *UNK )NP )VP )S , '' (VP *UNK )VP (NP (NP one account executive )NP (PP at (NP Dean Witter )NP )PP )NP . )SINV  STOP
(S (NP The *UNKED brokers )NP (ADVP never )ADVP (VP let (S (NP the *UNKC )NP (VP cross (NP their *UNK )NP )VP )S , (S (ADVP instead )ADVP (VP *UNKING (NP (NP such terms )NP (PP as (ADJP `` (ADJP safe )ADJP , '' `` (ADJP insured )ADJP '' and `` (ADJP guaranteed )ADJP '' )ADJP )PP )NP -- (SBAR even though (S (NP these terms )NP (VP may (VP be (ADVP severely )ADVP (VP limited (PP in (NP (NP their application )NP (PP to (NP a particular new financial product )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP (NP The names )NP (PP of (NP (NP some )NP (PP of (NP these products )NP )PP )NP )PP )NP (VP do n't (VP suggest (NP (NP the risk )NP (VP involved (PP in (S (VP buying (NP them )NP )VP )S )PP )VP )NP , (ADVP either )ADVP )VP )VP . )S  STOP
(NP (NP (NP A case )NP (PP in (NP point )NP )PP )NP : (NP `` *UNK- '' bond funds )NP . )NP  STOP
(SBARQ (WHNP What )WHNP (SQ could (VP *UNKLY (NP (NP more safety )NP (PP than (S (VP investing (PP in (NP government bonds )NP )PP )VP )S )PP )NP )VP )SQ ? )SBARQ  STOP
(SBARQ (WHNP What )WHNP (SQ could (VP be (ADJP (ADJP better )ADJP (PP than (S (VP getting (NP (NP (ADJP (NP a *UNK )NP more )ADJP income )NP )NP (PP from (NP (NP them )NP (PRN -LRB- (NP the plus )NP -RRB- )PRN )NP )PP (PP than (NP other people )NP )PP )VP )S )PP )ADJP )VP )SQ ? )SBARQ  STOP
(S (ADVP Indeed )ADVP , (NP conservative investors )NP , (S (NP (NP many )NP (PP of (NP them )NP )PP )NP (ADJP elderly )ADJP )S , (VP have (VP poured (NP (QP more than $ 50 billion )QP )NP (PP into (NP (NP such funds )NP , (SBAR (WHNP which )WHNP (S (VP promise (NP (NP *UNK yields )NP (PP than (NP ordinary Treasury bonds )NP )PP )NP )VP )S )SBAR )NP )PP -- (S (ADVP only )ADVP (VP to (VP learn (ADVP later )ADVP (SBAR that (S (NP these funds )NP (VP use (NP (NP part )NP (PP of (NP their money )NP )PP )NP (S (VP to (VP *UNK (PP in (NP (NP high-risk bond options )NP , (NP (NP a *UNK 's )NP game )NP )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP (NP a certain class )NP (PP of (NP investment )NP )PP )NP (VP *UNK (ADVP (ADVP so poorly )ADVP (SBAR that (S (NP its reputation )NP (VP is (VP *UNKED )VP )VP )S )SBAR )ADVP )VP )S )SBAR , (VP look (SBAR for (S (NP Wall Street )NP (VP to (VP give (NP it )NP (NP a new *UNK )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP This )NP (VP seems (S (VP to (VP be (VP happening (ADVP now )ADVP (PP to (NP (NP limited partnerships )NP , (SBAR (WHNP (WHNP many )WHNP (WHPP of (WHNP which )WHNP )WHPP )WHNP (S (VP either (VP have (VP gone (PP into (NP the tank )NP )PP (PP in (NP recent years )NP )PP )VP )VP or (VP have (ADVP otherwise )ADVP (VP been (NP *UNK disappointments )NP )VP )VP )VP )S )SBAR )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP They )NP (VP are (ADVP still )ADVP (VP being (VP sold (PRN , but (ADVP more and more often )ADVP (PP as (NP `` (NP direct investments )NP '' -- (PP with (NP (NP all the same risks )NP (SBAR (S (NP they )NP (VP had (PP under (NP the old label )NP )PP )VP )S )SBAR )NP )PP )NP )PP )PRN )VP )VP )VP . )S  STOP
(S (PP In (NP such cases )NP )PP , (S (NP the game )NP (VP has n't (VP changed )VP )VP )S , (FRAG (ADVP only )ADVP (NP the name )NP )FRAG . )S  STOP
(S (PP In (NP others )NP )PP (S (NP a familiar old name )NP (ADVP still )ADVP (VP *UNK )VP )S , but (S (NP the underlying game )NP (VP has (VP changed )VP )VP )S . )S  STOP
(S (PP For (NP example )NP )PP , (NP `` no load '' mutual funds )NP (VP remain (NP a favorite )NP (PP with (NP investors )NP )PP (SBAR because (S (NP they )NP (VP do n't (VP carry (NP a *UNK sales commission )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (VP *UNKING (PP out (PP of (NP them )NP )PP )PP )VP )S , (ADVP however )ADVP , (VP may (VP be (NP a different story )NP (ADVP now )ADVP )VP )VP . )S  STOP
(S (S (NP *UNKC *UNK- )NP (VP made (NP their money )NP (PP by (S (VP charging (NP (NP an annual management fee )NP , (RRC (ADVP usually )ADVP (NP a modest one )NP )RRC )NP )VP )S )PP )VP )S ; (S (S (NP they )NP (VP imposed (NP no other fees )NP )VP )S , and (S (NP many )NP (ADVP still )ADVP (VP do n't )VP )S )S . )S  STOP
(S (PP In (NP recent years )NP )PP , (ADVP though )ADVP , (NP (NP a *UNK )NP (PP of (NP (NP others )NP (VP flying (NP the *UNK- flag )NP )VP )NP )PP )NP (VP have (VP been (VP imposing (NP (NP hefty charges )NP -- (NP (QP (NP all the way )NP up to 6 )QP % )NP -- )NP (SBAR (WHADVP when )WHADVP (S (NP an investor )NP (VP sells (NP his shares )NP )VP )S )SBAR )VP )VP )VP . )S  STOP
(SQ Should n't (NP they )NP (ADVP properly )ADVP (VP be (VP called (S (NP *UNK- funds )NP )S )VP )VP ? )SQ  STOP
(S (S (NP The mutual-fund industry )NP (VP is (VP *UNKING (NP the question )NP )VP )VP )S , but (S (VP do n't (VP expect (NP a new name )NP (SBAR while (S (NP the old one )NP (VP is (VP working (ADVP so well )ADVP )VP )VP )S )SBAR )VP )VP )S . )S  STOP
(S And (VP do n't (VP expect (S (NP anyone )NP (VP to (VP change (NP the term `` blue chip )NP )VP )VP )S , '' (ADVP either )ADVP , (SBAR even though (S (NP (NP some )NP (PP of (NP (NP the companies )NP (SBAR (WHNP that )WHNP (S (ADVP still )ADVP (VP enjoy (NP the title )NP )VP )S )SBAR )NP )PP )NP (VP may (VP be (NP (NP riskier investments )NP (SBAR than (S (NP they )NP (VP were )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP American Telephone & Telegraph Co. )NP , (PP for (NP one )NP )PP , (VP is (ADVP still )ADVP (NP (NP a favorite )NP (PP of (NP (NP *UNK )NP , (NP *UNK )NP and (NP trust departments )NP )NP )PP )NP )VP )S -- but (S (S (VP (VP *UNK (PP of (NP its regional telephone units )NP )PP )VP and (VP exposed (PP to (NP (NP competition )NP (PP on (NP every side )NP )PP )NP )PP )VP )VP )S , (NP it )NP (VP is (NP (NP a (ADJP far different )ADJP investment prospect )NP (SBAR than (S (NP it )NP (VP was (PP before (NP divestiture )NP )PP )VP )S )SBAR )NP )VP )S . )S  STOP
(S (ADVP Also )ADVP , (NP blue chips )NP (PP in (ADJP general )ADJP )PP (VP have (VP suffered (NP (ADJP much more )ADJP short-term price volatility )NP (PP in (NP recent years )NP )PP )VP )VP . )S  STOP
(S (NP (NP Larry *UNKC )NP , (NP (NP a money manager )NP (PP in (NP (NP San *UNKC )NP , (NP Calif. )NP )NP )PP )NP , )NP (VP blames (NP that )NP (PP on (NP (NP the *UNK )NP (PP of (NP (NP program trading )NP , (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP (NP computers )NP (VP used (PP by (NP big institutional investors )NP )PP )VP )NP (VP are (VP *UNKED (S (VP to (VP buy and sell (NP big blocks )NP (SBAR (WHADVP when )WHADVP (S (NP certain market conditions )NP (VP prevail )VP )S )SBAR )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP Blue chips )NP (PRN , (S (NP he )NP (VP says )VP )S , )PRN `` (VP are (ADVP now )ADVP (VP being (VP referred (PP to )PP (PP as (NP *UNK chips )NP )PP )VP )VP )VP . '' )S  STOP
(S (ADVP Finally )ADVP , (NP (NP even the *UNKED strategy )NP (VP called (S `` (NP value investing )NP '' )S )VP )NP (ADVP no longer )ADVP (VP means (SBAR (WHNP what )WHNP (S (NP it )NP (ADVP once )ADVP (VP did )VP )S )SBAR )VP . )S  STOP
(S (PP Before (NP (NP the takeover *UNK )NP (PP of (NP the *UNK )NP )PP )NP )PP , (NP it )NP (VP referred (PP to (S (VP *UNKING (PRT out )PRT (PP through (NP analysis )NP )PP (NP (NP undervalued stocks )NP , (ADVP especially )ADVP (NP (NP those )NP (PP with (NP (NP *UNK management )NP , (NP sound fundamentals )NP and (NP decent prospects )NP )NP )PP )NP )NP )VP )S )PP )VP . )S  STOP
(S (ADVP Now )ADVP (PRN , (SINV (VP says )VP (NP Mr. *UNKC )NP )SINV , )PRN (NP value investing )NP (ADVP often )ADVP (VP means `` (S (VP looking (PP for (NP (NP *UNK companies )NP (PP with (NP terrible management )NP )PP (SBAR (WHNP that )WHNP (S (VP are (PP in (NP real trouble )NP )PP )VP )S )SBAR )NP )PP )VP )S )VP . '' )S  STOP
(S (PP To (NP (NP institutional investors )NP or (NP brokers )NP )NP )PP , (PRN (S (NP he )NP (VP adds )VP )S , )PRN (NP (NP a company )NP (PP with (NP value )NP )PP )NP (VP is (NP (NP a company )NP (PP at (NP (NP risk )NP (PP of (S (VP being (VP *UNKED (PRT up )PRT )VP )VP )S )PP )NP )PP )NP )VP . )S  STOP
(S (NP Ms. *UNKC )NP (VP covers (NP personal finance )NP (PP from (NP (NP The Wall Street Journal 's )NP Los Angeles bureau )NP )PP )VP . )S  STOP
(S (NP I )NP (VP was (ADJP *UNKED (S (VP to (VP read (NP (NP your recent news stories )NP (PP on (NP (NP (NP the banking industry 's )NP reserve *UNK )NP and (NP *UNK threats (S (VP to (VP *UNK (S (VP making (NP new loans )NP (PP to (NP *UNKED countries )NP )PP )VP )S )VP )VP )S )NP )NP )PP )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (SBAR If (S (NP the whole story )NP (VP were (VP told )VP )VP )S )SBAR , (NP it )NP (VP would (VP read (NP (NP something )NP (PP like (NP this )NP )PP )NP )VP )VP : )S  STOP
(S -- (PP During (NP the 1970s )NP )PP (NP the commercial banks )NP (VP *UNKED (NP the country loan business )NP (ADVP away (PP from (NP (NP the bond markets )NP (SBAR (WHADVP where )WHADVP (S (NP (NP (NP the discipline )NP (PP of (NP a prospectus )NP )PP )NP and (NP `` (NAC *UNKC (PP of (NP Proceeds )NP )PP )NAC '' confirmation )NP )NP (VP allowed (S (NP lenders )NP (VP to (VP audit (NP (NP expenditures )NP (PP of (NP old loans )NP )PP )NP (SBAR before (S (NP new loans )NP (VP were (VP made )VP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )NP )PP )ADVP )VP . )S  STOP
(S -- (S (NP (NP The reward )NP (PP for (NP that reckless lending )NP )PP )NP (VP was (NP high (NX (NX reported earnings )NX (PRN -LRB- and (NX management bonuses )NX -RRB- )PRN )NX )NP )VP )S ; (S (NP the price )NP , (NP (NP a sea )NP (PP of (NP bad loans )NP )PP )NP )S . )S  STOP
(S -- (PP For (NP the past several years )NP )PP , (NP the banks )NP , (S (VP *UNKING (NP (NP a private navy )NP (SBAR (S (VP to (VP *UNK (NP their interests )NP )VP )VP )S )SBAR )NP )VP )S , (VP have (VP been (VP *UNKING (S (NP the U.S. Treasury )NP (VP to (VP underwrite (NP their bad *UNKC credits )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S -- (NP The Treasury )NP (ADVP *UNKLY )ADVP (VP (VP has (VP refused )VP )VP , but (VP has (VP concluded (SBAR that (S (NP (NP indirect credit support )NP (PP through (NP various *UNK agencies )NP )PP )NP (VP should (VP be (VP made (S (ADJP available (PP for (NP (NP a price )NP : (NP either (NP debt reduction )NP or (NP *UNK- reduction )NP or (NP (NP new loans )NP (PRN -LRB- (NP the Brady Plan )NP -RRB- )PRN )NP )NP )NP )PP )ADJP )S )VP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S -- (S (NP The banks )NP (VP will (VP *UNK (S not (VP to (VP make (NP further loans )NP )VP )VP )S )VP )VP )S , but (S (PP in (NP truth )NP )PP , (S (VP lacking (NP (NP the capital )NP (SBAR (S (VP (VP to (VP write (PRT off )PRT (NP their mistakes )NP )VP )VP or (VP to (VP build (NP a navy )NP )VP )VP )VP )S )SBAR )NP )VP )S , (NP they )NP (VP have (NP (NP no alternative )NP but (S (VP to (VP go (PRT along )PRT )VP )VP )S )NP )VP )S . )S  STOP
(NP George A. *UNKC )NP  STOP
(S (NP Gillette Co. )NP (VP elected (NP (NP Warren E. *UNKC )NP , (NP (NP chairman )NP (PP of (NP *UNKC *UNKC Inc. )NP )PP )NP , )NP (PP to (NP its board )NP )PP , (S (VP increasing (NP (NP the number )NP (PP of (NP directors )NP )PP )NP (PP to (NP 12 )NP )PP (PP from (NP 11 )NP )PP )VP )S )VP . )S  STOP
(S (S (NP *UNKC *UNKC )NP (NP earlier this year )NP (VP bought (NP (NP (QP $ 600 million )QP )NP (PP of (NP (NP preferred stock )NP (PP in (NP Gillette )NP )PP (SBAR (WHNP that )WHNP (S (VP is (ADJP convertible (PP into (NP an (ADJP 11 % )ADJP stake )NP )PP )ADJP )VP )S )SBAR )NP )PP )NP )VP )S , and (S (NP Gillette )NP (VP said (PP at (NP the time )NP )PP (SBAR that (S (NP Mr. *UNKC )NP (VP would (VP be (VP added (PP to (NP the board )NP )PP )VP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (S (ADVP Separately )ADVP , (NP Gillette )NP (VP said (SBAR (S (NP its third-quarter earnings )NP (VP rose (NP 2 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 57 cents )NP (NP a share )NP )NP )NP )PP , (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 57 cents )NP (NP a share )NP )NP )NP , (PP in (NP the year-earlier period )NP )PP )PP )VP )S )SBAR )VP )S ; (S (NP per-share earnings )NP (VP remained (ADJP flat )ADJP (PP despite (NP (NP an increase )NP (PP in (NP net income )NP )PP )NP )PP (SBAR (PP in (NP part )NP )PP because (S (NP the company )NP (VP paid (NP a (ADJP (QP $ 10.4 million )QP )ADJP dividend )NP (PP on (NP the new preferred stock )NP )PP (PP in (NP the period )NP )PP )VP )S )SBAR )VP )S . )S  STOP
(S (NP Sales )NP (VP rose (NP 9 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP , (SBAR with (S (NP (NP sales )NP (PP of (NP (NP the company 's )NP *UNKED operations )NP )PP )NP (PP `` well above '' (NP the year *UNK- )NP )PP )S )SBAR )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP (NP Gillette 's )NP net income )NP (VP declined (NP 1 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (PP in (NP the 1988 period )NP )PP )PP )VP . )S  STOP
(S (NP Sales )NP (VP rose (NP 6 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (PP In (NP (NP composite trading )NP (PP on (NP the New York Stock Exchange )NP )PP )NP )PP , (NP the company )NP (VP closed (NP yesterday )NP (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP , (ADVP up (NP 25 cents )NP )ADVP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP (NP Walter *UNKC )NP , (NP (NP the president )NP (PP of (NP (NP Sony Corp. 's )NP CBS Records )NP )PP )NP , )NP (NP last month )NP (VP told (NP producer Peter Guber )NP (SBAR that (S (NP Sony )NP (VP (VP was (VP about (S (VP to (VP make (NP (NP a (ADJP (QP $ 3.4 billion )QP )ADJP bid )NP (PP for (NP Columbia Pictures )NP )PP )NP )VP )VP )S )VP )VP and (VP needed (NP (NP someone )NP (SBAR (S (VP to (VP run (NP the studio )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )S )SBAR , (NP Mr. Guber )NP (VP jumped (PP at (NP the chance )NP )PP )VP . )S  STOP
(S (PP Within (NP two days )NP )PP , (NP he )NP (VP was (PP on (NP (NP his way )NP (PP to (NP (NP New York )NP and (NP Tokyo )NP )NP )PP )NP )PP (S (VP to (VP meet (PP with (NP (NP top *UNK )NP (PP at (NP Sony )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S And (SBAR before (S (NP the week )NP (VP was (ADJP out )ADJP )VP )S )SBAR , (NP Sony )NP (VP had (VP offered (NP (NP Mr. Guber )NP and (NP (NP his partner )NP , (NP Jon Peters )NP , )NP )NP (NP (NP the (ADJP most lucrative )ADJP employment contracts )NP (PP in (NP (NP the history )NP (PP of (NP the movie business )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (FRAG (CONJP Not only )CONJP (NP that )NP )FRAG , (NP Sony )NP (ADVP also )ADVP (VP agreed (S (VP to (VP (VP give (NP them )NP (NP (NP a stake )NP (PP in (NP (NP Columbia 's )NP future profits )NP )PP )NP )VP and (VP buy (NP (NP their company )NP , (NP Guber Peters Entertainment Co. )NP , )NP (PP for (NP (NP (QP $ 200 million )QP )NP , (ADJP (ADJP (NP (QP almost 40 )QP % )NP more )ADJP (PP than (NP (NP the market value )NP (PP of (NP the company )NP )PP )NP )PP )ADJP )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (S (NP There )NP (VP was (NP (QP just one )QP *UNKING point )NP )VP )S : (S (NP The two )NP (VP had (NP a prior commitment )NP )VP )S . )S  STOP
(S (ADVP (NP (QP Just seven )QP months )NP earlier )ADVP , (NP they )NP (VP had (VP signed (NP a five-year exclusive contract (S (VP to (VP make (NP movies )NP (PP for (NP (NP Warner Bros. )NP (SBAR (WHPP for (WHNP which )WHNP )WHPP (S (NP they )NP (VP had (ADVP just )ADVP (VP produced (NP the *UNK hit `` (NX Batman )NX )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )NP )VP )VP . '' )S  STOP
(S But (NP Mr. Guber )NP (VP figured (SBAR that (S (NP Warner Communications Inc. chairman Steven Ross )NP , (VP would (VP (VP *UNK )VP and (VP let (S (NP the producers )NP (VP go )VP )S )VP , (S (VP knowing (SBAR (S (NP the Sony offer )NP (VP was `` (NP (NP the *UNK )NP (PP of (NP (NP a life 's )NP work )NP )PP )NP )VP )S )SBAR )VP )S )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP figured (ADVP wrong )ADVP )VP . )S  STOP
(S (NP Last week )NP , (PP following (NP *UNK settlement talks )NP )PP , (NP Warner )NP , (S (ADVP now )ADVP (VP *UNKING (PP with (NP Time Inc. )NP )PP )VP )S , (VP filed (NP a (ADJP (QP $ 1 billion )QP )ADJP (NAC breach (PP of (NP contract )NP )PP )NAC suit )NP (PP in (NP Los Angeles *UNKC Court )NP )PP (PP against (NP both (NP Sony )NP and (NP Guber Peters )NP )NP )PP )VP . )S  STOP
(S (NP Sony )NP (ADVP promptly )ADVP (VP *UNKED , (S (VP charging (NP Warner )NP (PP with (S (VP trying (S (VP to (VP (VP *UNK (NP its acquisitions )NP )VP and (VP hurt (NP its efforts (S (VP to (VP enter (NP the U.S. movie business )NP )VP )VP )S )NP )VP )VP )VP )S )VP )S )PP )VP )S )VP . )S  STOP
(S (S (NP (NP The accusations )NP (PP of (NP lying and *UNK )NP )PP )NP (VP are (VP flying (ADVP *UNK and fast )ADVP (PP on (NP both sides )NP )PP )VP )VP )S : (S (SBAR As (S (NP one Sony executive )NP (VP puts (NP it )NP )VP )S )SBAR , `` (NP It )NP (VP 's (NP World War III )NP )VP . '' )S )S  STOP
(S (SBAR That (S (NP (NP two successful producers )NP (SBAR (WHNP who )WHNP (S (VP are n't (ADJP (ADVP all that well )ADVP known )ADJP (PP outside (NP Hollywood )NP )PP )VP )S )SBAR )NP (VP could (VP *UNK (NP (NP such a clash )NP (PP of (NP corporate *UNK )NP )PP )NP )VP )VP )S )SBAR (VP suggests (SBAR (WHADJP how desperate )WHADJP (S (NP (NP the *UNK )NP (PP for (NP proven talent )NP )PP )NP (VP is (PP in (NP the movie business )NP )PP )VP )S )SBAR )VP . )S  STOP
(S And (NP they )NP (VP are (NP a (ADJP very odd )ADJP team )NP (PP in (NP any case )NP )PP )VP . )S  STOP
(S (NP Mr. Guber )NP (VP was (VP (VP raised (PP in (NP Boston )NP )PP )VP and (VP *UNKED (PP in (NP New York )NP )PP )VP )VP )VP . )S  STOP
(S (NP He )NP (VP is (NP (NP a lawyer )NP (PP with (NP (NP a string )NP (PP of (NP academic *UNK )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Mr. Peters )NP (VP is (NP (NP a *UNK- *UNK )NP (SBAR (WHNP who )WHNP (S (VP came (PP to (NP *UNK )NP )PP (PP as (NP (NP *UNKC *UNKC 's )NP *UNK )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP Yet )ADVP , (NP they )NP (VP are (ADVP far and away )ADVP (NP (NP the (ADJP most *UNK )ADJP producers )NP (PP in (NP Hollywood )NP )PP )NP )VP . )S  STOP
(S And (PP despite (NP (NP their share )NP (PP of (NP *UNK )NP )PP )NP )PP , (NP they )NP (VP make (NP (NP movies )NP (SBAR (WHNP that )WHNP (S (VP make (NP money )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP That )NP (VP is (NP (NP a *UNK )NP (SBAR (S (S (NP Sony )NP (ADVP badly )ADVP (VP needs )VP )S -- and (S (NP Warner )NP (VP is (ADJP *UNK (S (VP to (VP lose )VP )VP )S )ADJP )VP )S )S )SBAR )NP )VP . )S  STOP
(S (SBAR Although (S (NP Columbia )NP (VP had (NP a good summer )NP (PP with (NP `` (NP *UNKC II )NP '' and `` (SBAR (WHADVP When )WHADVP (S (NP Harry )NP (VP Met (NP *UNKLY )NP )VP )S )SBAR )NP )PP )VP )S )SBAR , '' (NP (NP rivals )NP (PP such as (NP (NP Warner )NP , (NP Paramount Pictures )NP , (NP Walt Disney Co. )NP and (NP Universal *UNKC )NP )NP )PP )NP (VP have (VP been (VP *UNKING (NP Columbia )NP (PP at (NP the box office )NP )PP )VP )VP )VP . )S  STOP
(S (PP After (NP (NP five years )NP (PP of (NP management turmoil )NP )PP )NP )PP , (PP with (NP four different studio heads )NP )PP , (NP Columbia )NP (ADVP *UNKLY )ADVP (VP needs (NP (NP a stable , *UNK team )NP (SBAR (S (VP to (VP (VP restore (NP its credibility )NP )VP and (VP get (NP it )NP (ADVP back (PP in (NP (NP the business )NP (PP of (S (VP making (NP hits )NP )VP )S )PP )NP )PP )ADVP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP (NP Mr. Guber )NP and (NP Mr. Peters )NP )NP (VP are n't (ADVP *UNKLY )ADVP (VP loved (PP in (NP Hollywood )NP )PP )VP )VP )S but (S (NP they )NP (VP are (ADJP well connected )ADJP )VP )S . )S  STOP
(S (NP (NP Their stock )NP (PP in (NP trade )NP )PP )NP (PP as (NP `` executive producers '' )NP )PP (VP is (VP (VP *UNKING (PRT out )PRT (NP hot properties )NP )VP , (VP *UNKING (NP them )NP (PRT up )PRT )VP and (VP (ADVP then )ADVP getting (S (NP big *UNK )NP (VP to (VP *UNK and distribute (NP them )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (ADVP Sometimes )ADVP (NP (NP Mr. Guber )NP and (NP Mr. Peters )NP )NP (VP (VP do (NP (NP little more )NP (PP than (VP (VP grab (NP (NP the first draft )NP (PP of (NP (NP a *UNK )NP (PP for (NP a `` (NX *UNKC )NX )NP )PP )NP )PP )NP )VP , '' or (VP buy (NP (NP rights )NP (PP to (NP (NP a best seller )NP (PP such as `` (NP The Color *UNKC )NP )PP )NP )PP )NP )VP )VP )PP )NP )VP )VP . '' )S  STOP
(S (NP (NP It )NP )NP (VP falls (PP to (NP others )NP )PP (S (VP to (VP do (NP the writing , *UNKING and producing )NP )VP )VP )S )VP . )S  STOP
(S (PP With (NP (NP MGM\/UA 's )NP `` (NX *UNKC )NX )NP )PP , '' (PP for (NP instance )NP )PP , (S (NP Messrs. Guber and Peters )NP (VP had (NP (NP virtually nothing )NP (SBAR (S (VP to (VP do (PP with (NP day-to-day production )NP )PP )VP )VP )S )SBAR )NP )VP )S , but (S (S (NP their names )NP (ADVP still )ADVP (VP appear (PP in (NP big letters )NP )PP (PP on (NP the credits )NP )PP )VP )S , and (S (NP they )NP (VP are (ADVP inevitably )ADVP (VP associated (PP with (NP its success )NP )PP )VP )VP )S )S . )S  STOP
(S (ADVP Sometimes )ADVP , (PP as (PP with `` (NP Batman )NP )PP )PP , '' (NP the pair )NP (ADVP really )ADVP (VP do (VP make (NP the film )NP )VP )VP . )S  STOP
(S (PP In (NP that case )NP )PP , (NP Guber Peters )NP (VP (VP acquired (NP the rights )NP (PP in (NP 1979 )NP )PP )VP , (VP *UNKED (NP the movie )NP (PP through (NP a dozen *UNK )NP )PP )VP , and (VP were (PP on (NP the set )NP )PP (PP in (NP London )NP )PP (PP for (NP 11 months )NP )PP (S (VP *UNKING (PP over (NP (NP the (ADJP most minute )ADJP changes )NP (PP in (NP casting and production )NP )PP )NP )PP )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP They )NP (VP 're (NP (NP the best production talent )NP (ADVP around )ADVP )NP )VP )S , '' (VP says )VP (NP (NP Brian De *UNKC )NP , (ADJP *UNK (PP to (NP Guber Peters )NP )PP (PP for (S (VP hiring (S (NP him )NP (VP to (VP direct (NP (NP the Warner movie )NP (PP of (NP (NP Tom *UNKC 's )NP novel `` (NX (NX *UNKC )NX (PP of (NP the *UNKC )NP )PP )NX )NP )PP )NP )VP )VP )S )VP )S )PP )ADJP )NP . '' )SINV  STOP
(S (PP On (NP (NP that film )NP , (SBAR (WHNP which )WHNP (S (VP is (S (VP to (VP start (NP *UNKING )NP (PP in (NP a few months )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP , `` (NP they )NP (VP 've (VP been (ADJP (ADVP very much )ADVP involved )ADJP , (S (VP (VP hiring (NP talent )NP )VP and (VP discussing (NP (NP the development )NP (PP of (NP the script )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (S And (SBAR (WHADVP when )WHADVP (S (NP you )NP (VP 're (VP making (NP (NP a movie )NP (ADJP this big )ADJP )NP )VP )VP )S )SBAR , (NP you )NP (VP need (NP (NP all the help )NP (SBAR (S (NP you )NP (VP can (VP get )VP )VP )S )SBAR )NP )VP )S , '' (NP Mr. De *UNKC )NP (VP adds )VP . )S  STOP
(S `` (NP I )NP (VP wish (SBAR (S (NP they )NP (VP were (ADVP around )ADVP (NP (NP 24 hours )NP (NP a day )NP )NP )VP )S )SBAR )VP . '' )S  STOP
(S And (NP some movies )NP (VP seem (S (VP to (VP have (VP been (VP hurt (PP by (NP their *UNK )NP )PP )VP )VP )VP )VP )S )VP . )S  STOP
(S (NP Warner executives )NP (VP blame (NP (NP (NP (NP Mr. Guber 's )NP and (NP Mr. Peters 's )NP )NP lack )NP (PP of (NP involvement )NP )PP (PP in `` (NP *UNKC II )NP '' )PP )NP (PP for (NP (NP casting and production problems )NP and (NP (NP the film 's )NP ultimate dismal failure )NP )NP )PP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP 've (VP had (NP a few *UNK )NP )VP )VP )S , '' (VP admits )VP (NP Mr. Peters )NP . )SINV  STOP
(S `` But (ADVP by and large )ADVP (NP this company )NP (VP has (ADVP only )ADVP (VP been (ADJP profitable )ADJP )VP )VP . '' )S  STOP
(S (NP He )NP (VP says (SBAR (S (NP (NP (NP his company 's )NP *UNK )NP (PP at (NP packaging and marketing )NP )PP )NP `` (VP is (SBAR (WHADVP why )WHADVP (S (NP we )NP (VP 'll (VP be (ADJP good )ADJP (PP at (NP Columbia )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP We )NP (ADVP *UNKLY )ADVP (VP ran (NP our own studio )NP )VP . '' )S  STOP
(S (NP *UNKC Hollywood associates )NP (VP describe (NP Mr. Guber )NP (PP as (NP (NP (NP the intellectual *UNK )NP (PP of (NP the two )NP )PP )NP , (NP (NP a man )NP (PP with (NP (NP a *UNK )NP (PP for (NP *UNKING and marketing )NP )PP )NP )PP )NP )NP )PP )VP . )S  STOP
(SINV `` (S (NP Peter )NP (VP is (NP (NP a major piece )NP (PP of (NP Hollywood *UNK )NP )PP (SBAR (WHNP who )WHNP (S (VP has (ADVP really )ADVP (VP earned (NP his success )NP )VP )VP )S )SBAR )NP )VP )S , '' (VP says )VP (NP (NP Robert *UNKC )NP , (NP (NP an agent )NP (PP at (NP *UNKC *UNKC Agency )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP Mark Johnson )NP , (NP (NP the producer )NP (PP of `` (NP *UNKC )NP )PP )NP , '' )NP (VP *UNK (PRT in )PRT : `` (S (NP He )NP (VP has (NP a great ability (S (VP to (VP (VP hire (NP *UNK people )NP )VP and (VP *UNK (NP authority )NP )VP )VP )VP )S )NP )VP )S )VP ... . )S  STOP
(S (NP (NP It )NP )NP (VP 's (NP no accident )NP (SBAR that (S (NP they )NP (VP 've (VP been (ADJP able (S (VP to (VP develop (NP such successful material )NP )VP )VP )S )ADJP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (S (NP Mr. Peters )NP , (PP on (NP the other hand )NP )PP , (VP has (NP fewer fans )NP (PP in (NP Hollywood )NP )PP )VP )S , and (S (NP his *UNK )NP (VP like (S (VP to (VP *UNK (NP him )NP (PP as (NP (NP something )NP (PP of (NP a *UNKED *UNKLY )NP )PP )NP )PP )VP )VP )S )VP )S . )S  STOP
(S (NP He )NP (VP gets (NP better reviews )NP (PP as (NP (NP a creative *UNK )NP , (NP an *UNK )NP , (NP an idea man )NP )NP )PP )VP . )S  STOP
(S (NP He )NP (ADVP also )ADVP (VP had (S (VP to (VP fight (ADVP (ADVP harder )ADVP )ADVP (PP for (NP credibility )NP )PP (SBAR than (S (NP his partner )NP (VP did )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP made (S (NP him )NP (ADJP famous )ADJP )S )VP . )S  STOP
(S (NP He )NP (VP cut (NP her hair )NP )VP . )S  STOP
(S (NP He )NP (VP lived (PP with (NP her )NP )PP )VP . )S  STOP
(S (NP He )NP (VP came (S (VP to (VP produce (NP (NP her records )NP and (NP (NP her movies )NP -- (NP `` (S (NP A Star )NP (VP Is (VP *UNKC )VP )VP )S '' and `` (NP The *UNKC *UNKC )NP )NP )NP )NP )VP )VP )S )VP . '' )S  STOP
(S (S (S (ADVP *UNKC )ADVP (VP married )VP )S but (S (NP now )NP (ADJP single )ADJP )S )S , (NP Mr. Peters )NP (VP got (NP (NP plenty )NP (PP of (NP ink )NP )PP )NP (NP last summer )NP (PP for (NP (NP an *UNK- *UNK )NP (PP with (NP *UNK *UNKC *UNKC )NP )PP (PP during (NP (NP the making )NP (PP of `` (NP Batman )NP )PP )NP )PP )NP )PP )VP . '' )S  STOP
(S (NP Mr. Guber )NP , (PP by (NP contrast )NP )PP , (VP has (VP been (ADJP married (PP to (NP one woman )NP )PP )ADJP (PP for (NP (QP more than 20 )QP years )NP )PP )VP )VP . )S  STOP
(S (S But (PP for (NP all their (ADJP intellectual and *UNK )ADJP differences )NP )PP , (NP they )NP (VP make (NP the perfect `` good *UNK , bad *UNK '' team )NP )VP )S , (NP Hollywood associates )NP (VP say )VP . )S  STOP
(SINV `` (S (NP Peter )NP (VP is (NP the bright , sympathetic guy )NP (SBAR (WHADVP when )WHADVP (S (NP you )NP (VP 're (VP doing (NP a deal )NP )VP )VP )S )SBAR )VP )S , '' (VP says )VP (NP one agent )NP . )SINV  STOP
(S `` (SBAR If (S (NP there )NP (VP 's (NP a problem )NP )VP )S )SBAR , (S (NP Peter )NP (VP *UNK )VP )S , and (S (NP (NP all )NP (PP of (NP a sudden )NP )PP )NP (NP Jon )NP (VP shows (PRT up )PRT )VP )S . '' )S  STOP
(S (NP (NP Mr. Guber )NP and (NP Mr. Peters )NP )NP (VP *UNK (NP (NP many people )NP (PP in (NP Hollywood )NP )PP )NP (NP the wrong way )NP )VP . )S  STOP
(S (NP (NP *UNKC (NX (NX Don Simpson )NX and (NX Jerry *UNKC )NX )NX )NP , (SBAR (WHNP who )WHNP (S (VP (VP *UNKED `` (NP *UNKC )NP '' (PP through (NP several *UNK )NP )PP )VP and (VP (ADVP ultimately )ADVP produced (NP the movie )NP )VP )VP )S )SBAR , )NP (VP *UNK (SBAR (WHADVP when )WHADVP (S (NP Messrs. Guber and Peters )NP (VP take (NP (NP credit )NP (PP for (NP the film )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(SINV (VP Says )VP (NP Mr. Simpson )NP : `` (S (NP The script )NP (VP was (ADJP *UNK )ADJP )VP )S . )SINV  STOP
(S (NP We )NP (VP *UNKED (NP it )NP )VP . )S  STOP
(S (NP We )NP (VP are (NP (NP the producers )NP (PP of (NP that movie )NP )PP )NP )VP . )S  STOP
(S (NP They )NP (VP got (NP (NP (NP a small piece )NP (PP of (NP the net profits )NP )PP )NP and (NP (NP a screen credit )NP '' (PP as (NP executive producers )NP )PP )NP )NP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP (NP Roger *UNKC )NP , (NP (NP an executive )NP (SBAR (WHNP who )WHNP (S (VP worked (PP for (NP Guber Peters )NP )PP (PP in (NP the early 1980s )NP )PP )VP )S )SBAR )NP , )NP (VP left (S (VP to (VP take (NP (NP a job )NP (PP as (NP (NP head )NP (PP of (NP production )NP )PP (PP at (NP the United *UNKC studio )NP )PP )NP )PP )NP )VP )VP )S )VP )S )SBAR , (NP they )NP (VP made (S (NP him )NP (VP *UNK (NP (NP all (NX (NX credits )NX and (NX financial interest )NX )NX )NP (PP in (NP (NP the films )NP (SBAR (S (NP he )NP (VP had (VP helped (S (VP develop )VP )S )VP )VP )S )SBAR , (PP including (NP `` (NP *UNKC )NP '' and `` (NP Batman )NP )NP )PP )NP )PP )NP )VP )S )VP . '' )S  STOP
(S (NP Mr. Peters )NP (VP (VP acknowledges (NP that )NP )VP and (VP says (SBAR (S (NP it )NP (VP 's not (PP unlike (NP (NP the situation )NP (SBAR (S (NP (NP he )NP and (NP Mr. Guber )NP )NP (VP are (PP in )PP (PP with (NP Warner )NP )PP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(SINV `` (S (S (NP I )NP (VP was (ADJP upset (PP with (NP Roger )NP )PP )ADJP )VP )S , (S (NP I )NP (VP *UNKED and *UNKED )VP )S )S , '' (VP says )VP (NP Mr. Peters )NP . )SINV  STOP
(S `` But (S (NP he )NP (VP wanted (S (VP to (VP pursue (NP his own dream )NP )VP )VP )S )VP )S , and (S (NP he )NP (VP went )VP )S . '' )S  STOP
(S (ADVP Still )ADVP , (NP Mr. *UNKC )NP (VP says (SBAR (S (NP (NP his relationship )NP (PP with (NP Guber Peters )NP )PP )NP (VP was `` (NP (NP one )NP (PP of (NP (NP the (ADJP most successful )ADJP )NP (SBAR (S (NP I )NP (VP 've (VP had (PP in (NP Hollywood )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )VP . '' )S  STOP
(SINV (S (S (NP The two )NP `` (VP have (NP a *UNK chemistry )NP )VP )S -- (S (S (NP Jon )NP (VP is (ADJP very *UNK )ADJP )VP )S , and (S (NP Peter )NP (VP is (ADJP very *UNK )ADJP )VP )S )S )S , '' (VP adds )VP (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP is (ADVP now )ADVP (NP (NP head )NP (PP of (NP production )NP )PP (PP at (NP (NP News Corp. 's )NP 20th *UNKC Fox Film Co )NP )PP )NP )VP )S )SBAR )NP . )SINV  STOP
(S `` (NP Jon Peters )NP (VP will (VP (VP come (S (VP *UNKING (PP into (NP a room )NP )PP )VP )S )VP , (VP say (SBAR (S (NP he )NP (VP 's (VP got (NP a great idea )NP )VP )VP )S )SBAR )VP , and (VP be (VP gone )VP )VP )VP )VP . )S  STOP
(S (NP Peter )NP (VP will (VP (VP take (NP (NP the *UNK )NP (PP of (NP that idea )NP )PP )NP )VP and (VP make (S (NP it )NP (VP grow (PP into (NP something specific )NP )PP )VP )S )VP )VP )VP ... . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP recalls (SBAR that (S (NP (NP Mr. Guber )NP and (NP Mr. Peters )NP )NP (VP *UNKED (PP into (NP high gear )NP )PP (ADVP (NP a few years )NP back )ADVP (PP upon (S (VP learning (SBAR that (S (NP they )NP (VP had (NP (NP competition )NP (PP for (NP (NP the story )NP (PP of (NP the *UNKED *UNK *UNKC *UNKC )NP )PP , (SBAR (WHNP which )WHNP (S (VP became `` (NP (NP *UNKC )NP (PP in (NP the *UNKC )NP )PP )NP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )VP )S )PP )VP )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP says , `` (S (PP Within (NP a few weeks )NP )PP , (NP we )NP (VP made (NP deals )NP (PP with (NP (NP (NP the government )NP (PP of (NP *UNKC )NP )PP )NP and (NP (NP everyone )NP (SBAR (WHNP who )WHNP (S (VP had (ADVP ever )ADVP (VP (VP met )VP or (VP talked (PP to )PP )VP (NP *UNKC *UNKC )NP )VP )VP )S )SBAR )NP )NP )PP )VP )S )VP . )S  STOP
(S (NP I )NP (VP think (SBAR (S (NP Peter )NP (ADVP even )ADVP (VP made (NP some deals )NP (PP with (NP the *UNK )NP )PP )VP )S )SBAR )VP . '' )S  STOP
(S (S (NP Universal *UNKC )NP (VP was (VP working (PP on (NP a competing film )NP )PP )VP )VP )S , but (S (NP (NP the studio )NP and (NP its producers )NP )NP (ADVP ultimately )ADVP (VP agreed (S (VP to (VP *UNK- (NP the film )NP (PP with (NP (NP Guber Peters )NP and (NP Warner )NP )NP )PP )VP )VP )S )VP )S . )S  STOP
(S (ADVP More recently )ADVP , (NP Guber Peters )NP (VP beat (PRT out )PRT (NP (NP (QP a dozen )QP other producers )NP , (PP (ADVP reportedly )ADVP including (NP (NP Robert Redford )NP and (NP Ted Turner )NP )NP )PP , )NP (PP for (NP (NP rights )NP (PP to (NP (NP the life story )NP (PP of (NP (NP *UNKC *UNKC )NP , (NP (NP the *UNKED Brazilian union leader )NP (SBAR (WHNP who )WHNP (S (VP fought (NP developers )NP (PP in (NP the *UNKC rain forest )NP )PP )VP )S )SBAR )NP )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Messrs. Guber and Peters )NP (ADVP *UNKLY )ADVP (VP *UNKED (NP (NP the man 's )NP *UNK )NP (PP for (NP months )NP )PP , (S (VP showing (NP her )NP (NP (NP a tape )NP (PP of `` (NP (NP *UNKC )NP (PP in (NP the *UNKC )NP )PP )NP '' )PP )NP (S (VP to (VP *UNK (NP her )NP (PP with (NP (NP the quality )NP (PP of (NP their work )NP )PP )NP )PP )VP )VP )S )VP )S )VP . )S  STOP
(S (NP Money )NP (VP helped , (ADVP too )ADVP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP they )NP (VP paid (NP (QP more than $ 1 million )QP )NP (PP for (NP the rights )NP )PP )VP . )S  STOP
(S -LRB- (NP The sale )NP (VP caused (NP (NP a *UNK )NP (PP between (NP (NP the *UNK )NP and (NP (NP some )NP (PP of (NP (NP her husband 's )NP *UNK )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP Some )NP (PP of (NP the money )NP )PP )NP (VP will (VP go (PP to (NP the *UNKC *UNKC Foundation )NP )PP )VP )VP )S , but (S (NP it )NP (VP is n't (VP earmarked (PP for (NP (NP groups )NP (VP trying (S (VP to (VP save (NP the rain forest )NP )VP )VP )S )VP )NP )PP )VP )VP )S . -RRB- )S  STOP
(S (NP (NP It )NP )NP (VP 's (ADJP hardly *UNKING )ADJP (PRN -LRB- (PP given (NP (NP the men 's )NP track record )NP )PP -RRB- )PRN (SBAR that (S (NP Sony )NP (VP wants (NP (NP Mr. Guber )NP and (NP Mr. Peters )NP )NP )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP it )NP )NP (VP is (ADJP *UNKING (PP to (NP some Hollywood executives )NP )PP )ADJP (SBAR that (S (NP Sony )NP (VP rushed (S (VP to (VP hire (NP them )NP )VP )VP )S (PP without (S (VP clearing (PRT up )PRT (NP the Warner situation )NP (ADVP first )ADVP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Some )NP (VP note (SBAR that (S (NP Sony )NP (VP might (VP have (VP saved (NP itself )NP (NP some trouble )NP (PP by (S (VP (VP (ADVP just )ADVP hiring (NP Mr. Guber )NP )VP and (VP letting (S (NP Mr. Peters )NP (VP stay (PRT on )PRT (S (VP to (VP fulfill (NP the Warner contract )NP )VP )VP )S )VP )S )VP )VP )S )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(SINV (S But (SBAR though `` (S (NP (NP people )NP (PP in (NP town )NP )PP )NP (VP may (VP ask (SBAR (WHADVP why )WHADVP (S (NP Guber )NP (VP needs (NP Peters )NP )VP )S )SBAR )VP )VP )S )SBAR , (S (NP (NP it )NP )NP (VP 's (ADJP good )ADJP (S (VP to (VP have (NP a partner )NP )VP )VP )S )VP )S , and (S (ADVP obviously )ADVP (NP the chemistry )NP (VP works )VP )S )S , '' (VP says )VP (NP (NP Steven Tisch )NP , (NP (NP a producer )NP (SBAR (WHNP who )WHNP (S (ADVP once )ADVP (VP worked (PP for (NP Mr. Guber )NP )PP )VP )S )SBAR )NP )NP . )SINV  STOP
(S `` (S (NP This business )NP (VP is n't (PP about (NP *UNK )NP )PP (PP at (NP (NP the end )NP (PP of (NP the day )NP )PP )NP )PP )VP )S -- (S (NP it )NP (VP *UNK (PP about (SBAR whether (S (NP the ink )NP (VP is (ADJP red or black )ADJP )VP )S )SBAR )PP )VP )S . )S  STOP
(S (PP In (NP (NP the case )NP (PP of (NP Peter and Jon )NP )PP )NP )PP , (NP the ink )NP (VP has (VP been (ADJP very , very black )ADJP )VP )VP . '' )S  STOP
(S (NP Mr. Guber )NP (VP got (NP (NP his start )NP (PP in (NP the movie business )NP )PP )NP (PP at (NP Columbia )NP )PP (ADVP (NP two decades )NP ago )ADVP )VP . )S  STOP
(S (S (VP *UNKED (PP from (NP (NP New York University 's )NP *UNKC program )NP )PP )VP )S , (NP he )NP (VP rose (PP within (NP two years )NP )PP (PP to (NP (NP head )NP (PP of (NP production )NP )PP )NP )PP , (S (VP overseeing (NP (NP such films )NP (PP as (NP `` (NP (NP The Way )NP (SBAR (S (NP We )NP (VP *UNKC )VP )S )SBAR )NP , '' `` (NP *UNKC *UNKC )NP , '' `` (NP *UNKC )NP '' and `` (NP *UNKC )NP )NP )PP )NP )VP )S )VP . '' )S  STOP
(S (PP In (NP 1976 )NP )PP , (NP he )NP (VP *UNKED (PRT up )PRT (PP with (NP record producer *UNKC Bogart )NP )PP (PP in (NP (NP *UNKC Records and *UNKC )NP (PRN -- (VP (ADVP later )ADVP called (S (NP *UNKC Pictures )NP )S )VP -- )PRN (SBAR (WHADVP where )WHADVP (S (NP they )NP (VP produced (NP (NP such hits )NP (PP as (PP as (NP `` (NP The *UNKC )NP , '' and `` (NP *UNKC Express )NP )NP )PP )PP )NP )VP )S )SBAR )NP )PP )VP . '' )S  STOP
(S (PP In (NP 1980 )NP )PP , (NP Mr. Guber )NP (VP got (PRT together )PRT (PP with (NP (NP Mr. Peters )NP , (RRC (PP by (ADVP then )ADVP )PP (NP a successful producer )NP (PP in (NP his own right )NP )PP , (PP after (NP (NP the death )NP (PP of (NP Mr. Bogart )NP )PP )NP )PP )RRC )NP )PP )VP . )S  STOP
(S (SBAR While (S (NP Guber Peters )NP (VP produced (NP (NP a number )NP (PP of (NP hits )NP )PP )NP (PP for (NP Warner and others )NP )PP )VP )S )SBAR , (NP their record )NP (VP was n't (ADVP always )ADVP (ADJP so impressive )ADJP )VP . )S  STOP
(SINV (PP Among (NP their *UNK )NP )PP (VP were )VP (NP `` (NP (NP The *UNKC )NP (PP of (NP *UNKC *UNKC )NP )PP )NP , '' `` (NP *UNKC )NP , '' `` (NP *UNKC )NP '' and `` (NP (NP *UNKC )NP (PP of (NP the *UNKC Bear )NP )PP )NP )NP . '' )SINV  STOP
(S And (NP the failures )NP (VP make (S (NP (NP it )NP )NP (ADJP possible )ADJP (SBAR for (S (NP Warner )NP (PP in (NP its current lawsuit )NP )PP (VP to (VP *UNK (NP the producers )NP (PP as (NP *UNK )NP )PP )VP )VP )S )SBAR )S )VP . )S  STOP
(S (NP The studio )NP (VP says (SBAR (S (NP it )NP (VP stuck (PP with (NP them )NP )PP `` (PP (ADVP even )ADVP in (NP (NP the early years )NP (SBAR (WHADVP when )WHADVP (S (NP the creative partnership )NP (VP was not (ADJP particularly profitable (PP for (NP Warner )NP )PP )ADJP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Mr. Guber )NP (VP *UNK (SBAR that `` (S (NP this )NP (VP is (S (NP (NP a *UNKC )NP , (NP this Time Warner )NP , )NP (VP trying (S (VP to (VP *UNK (PRT up )PRT (NP (NP two *UNK )NP (SBAR (WHNP who )WHNP (S (VP have (VP done (ADVP only well )ADVP (PP for (NP them )NP )PP (PP for (NP (NP a long period )NP (PP of (NP time )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP )S )VP . '' )S )SBAR )VP )S  STOP
(S (NP (NP Mr. Guber )NP and (NP Mr. Peters )NP )NP (VP maintain (SBAR (SBAR that (S (NP (NP executives )NP (PP at (NP Warner )NP )PP )NP (VP have (ADVP always )ADVP (VP known (PP of (NP their *UNK (S (VP to (VP run (NP a major entertainment *UNK )NP )VP )VP )S )NP )PP )VP )VP )S )SBAR , but (SBAR that (S (NP Warner )NP (ADVP never )ADVP (VP felt (VP threatened (SBAR until (S (NP they )NP (VP linked (PRT up )PRT (PP with (NP Sony )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(SINV `` (S (PP From (NP the beginning )NP )PP , -LCB- (NP they )NP -RCB- (VP knew (SBAR (S (NP we )NP (VP had (NP (NP a goal )NP and (NP a dream )NP )NP )VP )S )SBAR )VP )S , '' (VP says )VP (NP Mr. Guber )NP . )SINV  STOP
(S (PP On (NP (NP a number )NP (PP of (NP occasions )NP )PP )NP )PP , (PRN (S (NP he )NP (VP adds )VP )S , )PRN (NP he )NP (VP tried (S (VP to (VP get (S (NP Warner )NP (VP to (VP buy (NP Guber Peters )NP (ADVP *UNK )ADVP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S `` (S (S (NP They )NP (ADVP always )ADVP (VP *UNKED )VP )S , but (S (NP they )NP (ADVP never )ADVP (VP acted )VP )S )S , '' (NP Mr. Guber )NP (VP says )VP . )S  STOP
(S (PP In (NP 1987 )NP )PP , (NP (NP Mr. Guber )NP and (NP Mr. Peters )NP )NP (VP contributed (NP (NP their company 's )NP assets )NP (PP in (NP (NP exchange )NP (PP for (NP (NP a (ADJP 28 % )ADJP stake )NP (PP in (NP (NP *UNKC Entertainment )NP , (NP (NP a *UNK- TV production company )NP (VP controlled (PP by (NP Giant Industries Inc. Chairman *UNKC Sugarman )NP )PP )VP )NP )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP July )NP )PP (ADVP (NP a year )NP later )ADVP , (NP Warner )NP (VP agreed (S (VP to (VP release (NP the producers )NP (PP from (NP their old contract )NP )PP (SBAR (WHADVP when )WHADVP (S (NP Messrs. Guber , Peters and Sugarman )NP (VP made (NP a (ADJP (QP $ 100 million )QP )ADJP offer (S (VP to (VP buy (NP (NP 25 % )NP (PP of (NP MGM\/UA )NP )PP )NP )VP )VP )S )NP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (S (NP (NP Mr. Guber )NP and (NP Mr. Peters )NP )NP (VP planned (S (VP to (VP run (NP the (ADJP nearly *UNK )ADJP MGM studio )NP )VP )VP )S )VP )S , and (S (NP the two )NP (ADVP even )ADVP (VP tried (S (VP to (VP interest (NP (NP Warner *UNKC . ' )NP President Terry Semel )NP (PP in (S (VP becoming (NP a partner )NP )VP )S )PP )VP )VP )S (SBAR after (S (NP he )NP (VP advised (NP them )NP (PP on (NP the deal )NP )PP )VP )S )SBAR )VP )S . )S  STOP
(S But (NP the MGM plan )NP (VP collapsed (ADVP (NP just two weeks )NP later )ADVP )VP . )S  STOP
(S (NP (NP Mr. Guber )NP and (NP Mr. Peters )NP )NP (VP say (SBAR (S (NP they )NP (VP (VP got (NP (NP a look )NP (PP at (NP the books )NP )PP )NP )VP and (VP *UNKED (PP at (NP the price )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Their relationship )NP (PP with (NP Mr. Sugarman )NP )PP )NP (VP *UNKED (ADVP shortly thereafter )ADVP )VP . )S  STOP
(S (S (NP Last May )NP , (NP he )NP (VP sold (NP (NP his (ADJP 24 % )ADJP stake )NP (PP in (NP *UNKC )NP )PP )NP (PP to (NP a passive Australian investor )NP )PP )VP )S and (S (NP *UNKC )NP (VP was (VP *UNKED (S (NP Guber Peters Entertainment Co )NP )S )VP )VP )S . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP Mr. Guber )NP and (NP Mr. Peters )NP )NP (VP had (VP agreed (S (VP to (VP extend (NP (NP their Warner agreement )NP (PP with (NP the new five-year exclusive contract )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP The new deal )NP (VP was (VP considered (S (NP (NP the (ADJP most generous )ADJP )NP (PP of (NP its kind )NP )PP )NP )S , (UCP both (ADVP financially )ADVP and (PP in (NP (NP terms )NP (PP of (NP creative freedom )NP )PP )NP )PP )UCP )VP )VP . )S  STOP
(S But (NP it )NP (VP *UNKED (PP by (NP (NP comparison )NP (PP to (NP (SBAR (WHNP what )WHNP (S (NP Sony )NP (VP was (S (VP to (VP offer )VP )VP )S (NP last month )NP )VP )S )SBAR : (NP (NP the chance (PRN , (PP at (ADJP last )ADJP )PP , )PRN (S (VP to (VP run (NP a major studio )NP )VP )VP )S )NP , (NP (NP (QP about $ 50 million )QP )NP (PP in (NP *UNKED compensation )NP )PP )NP , (NP (NP (QP up to 10 )QP % )NP (PP of (NP (NP Columbia 's )NP future cash flow )NP )PP )NP , (NP (NP 8 % )NP (PP of (NP (NP the future appreciation )NP (PP of (NP (NP Columbia 's )NP market value )NP )PP )NP )PP )NP , and (NP (NP annual salaries )NP (PP of (NP (QP $ 2.7 million )QP )NP )PP (PP for (NP each )NP )PP )NP )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP (NP The producers ' )NP (ADJP 28 % )ADJP share )NP (PP of (NP (ADJP publicly held )ADJP Guber Peters )NP )PP )NP (VP would (VP net (NP them )NP (NP an additional (QP $ 50 million )QP )NP )VP )VP . )S  STOP
(S (NP Sony )NP (ADVP also )ADVP (VP agreed (S (VP to (VP *UNK (NP the producers )NP (PP against (NP (NP any liability )NP (PP to (NP Warner )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Sony )NP (VP is (VP paying (NP a hefty price )NP (PP for (NP (NP a company )NP (SBAR (WHNP that )WHNP (S (VP had (NP (NP revenue )NP (PP of (NP (QP only $ 42 million )QP )NP )PP )NP (NP last year )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S And (NP earnings )NP (VP have (VP been (ADJP *UNK )ADJP )VP )VP . )S  STOP
(S (PP In (NP the (X the )X latest quarter )NP )PP , (ADVP thanks (PP in (NP part )NP )PP (PP to `` (NP Batman )NP )PP )ADVP , '' (NP Guber Peters )NP (VP earned (NP (NP (QP $ 5.8 million )QP )NP , or (NP (NP 50 cents )NP (NP a share )NP )NP )NP , (PP compared (PP to (NP (NP a loss )NP (PP of (NP (NP (QP $ 6.8 million )QP )NP , or (NP (NP 62 cents )NP (NP a share )NP )NP )NP )PP , (PP in (NP (NP last year 's )NP quarter )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP (NP Guber Peters stock )NP , (SBAR (WHNP which )WHNP (S (VP traded (ADVP (ADVP as low )ADVP (PP as (NP (NP $ 6 )NP (NP a share )NP )NP )PP )ADVP (NP last year )NP )VP )S )SBAR , )NP (VP closed (NP yesterday )NP (PP at (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (NP The two sides )NP (ADVP now )ADVP (VP are (VP *UNKING (NP each other )NP (PP of (NP lying )NP )PP )VP )VP . )S  STOP
(S (NP (NP Mr. Guber )NP and (NP Mr. Peters )NP )NP (VP claim (SBAR (S (NP they )NP (VP have (NP (NP an *UNK agreement )NP (PP with (NP Warner executives )NP )PP (SBAR (WHNP that )WHNP (S (VP allows (S (NP them )NP (VP to (VP *UNK (NP their contract )NP )VP )VP )S (SBAR (SINV should (NP the opportunity (S (VP to (VP run (NP a major studio )NP )VP )VP )S )NP (VP *UNK )VP )SINV )SBAR )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S But (PP in (NP (NP affidavits )NP (VP filed (NP yesterday )NP (PP in (NP the Los Angeles court )NP )PP )VP )NP )PP , (NP (NP Mr. Ross )NP , (NP Warner Bros. Chairman Robert Daly )NP and (NP President Semel )NP )NP (VP deny (SBAR that (S (NP such an oral agreement )NP (VP was (ADVP ever )ADVP (VP made )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Warner )NP , (PP in (NP its court filings )NP )PP , (VP calls (S (NP it )NP `` (NP (NP a piece )NP (PP of (NP *UNK )NP )PP (VP created (PP for (NP this litigation )NP )PP )VP )NP )S )VP . '' )S  STOP
(S (NP Mr. Daly )NP (PP in (NP his affidavit )NP )PP (VP (VP acknowledges (SBAR that (S (NP Warner )NP (VP agreed (S (VP to (VP release (NP the producers )NP (NP last year )NP (S (VP to (VP take (PRT over )PRT (NP MGM )NP )VP )VP )S )VP )VP )S )VP )S )SBAR )VP but (VP says (SBAR (S (NP that situation )NP (VP was (ADJP altogether different )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP For (NP one thing )NP )PP , (PP according (PP to (NP Mr. Daly )NP )PP )PP , (NP the producers )NP (VP requested (NP a release )NP (PP in (NP advance )NP )PP )VP . )S  STOP
(S (ADVP Moreover )ADVP , (S (NP the old contract )NP (VP was (VP about (S (VP to (VP expire )VP )VP )S )VP )VP )S , and (S (NP (NP the *UNK )NP (PP of (NP Guber Peters pictures )NP )PP (PP for (NP Warner )NP )PP )NP (VP was n't (ADJP (ADJP as strong )ADJP (SBAR as (S (NP it )NP (VP is (ADVP now )ADVP )VP )S )SBAR )ADJP )VP )S . )S  STOP
(S (S (S (NP (NP Warner )NP (NP itself )NP )NP (VP was (PP in (NP (NP negotiations )NP (PP with (NP MGM )NP )PP (PP over (NP certain (UCP movie and other )UCP rights )NP )PP )NP )PP )VP )S , and (S (NP (NP it )NP )NP (VP was `` (PP in (NP (NP Warner 's )NP interest )NP )PP (S (VP to (VP accommodate (NP MGM\/UA , Guber and Peters )NP (PP by (S (VP *UNKING (NP them )NP (S (VP to (VP become (NP MGM executives )NP )VP )VP )S )VP )S )PP )VP )VP )S )VP )S )S , '' (NP Mr. Daly )NP (VP said (PP in (NP his affidavit )NP )PP )VP . )S  STOP
(S (NP Warner )NP (ADVP obviously )ADVP (VP does n't (VP think (SBAR that (S (NP (NP it )NP )NP (VP is (PP in (NP its own interests )NP )PP (S (VP to (VP let (S (NP (NP Mr. Guber )NP and (NP Mr. Peters )NP )NP (VP go (PP off (PP to (NP Columbia )NP )PP )PP )VP )S )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (PP At (NP the (ADJP very least )ADJP )NP )PP , (NP Mr. Ross )NP (ADVP clearly )ADVP (VP sees (NP an opportunity (S (VP to (VP use (NP the two men )NP (S (VP to (VP get (NP (NP a pound )NP (PP of (NP *UNK )NP )PP )NP (PP from (NP Sony )NP )PP )VP )VP )S )VP )VP )S )NP )VP . )S  STOP
(S (PP During (NP settlement talks )NP )PP , (PP for (NP example )NP )PP , (NP Warner )NP (VP demanded (NP (NP such things )NP (PP as (NP (NP (NP cable TV rights )NP (PP to (NP Columbia movies )NP )PP )NP and (NP (NP (NP Columbia 's )NP interest )NP (PP in (NP (NP the studio )NP (SBAR (S (NP it )NP (ADVP jointly )ADVP (VP owns (PP with (NP Warner )NP )PP )VP )S )SBAR )NP )PP )NP )NP )PP )NP , (PP according (PP to (NP (NP executives )NP (ADJP involved (PP in (NP the talks )NP )PP )ADJP )NP )PP )PP )VP . )S  STOP
(S (PP In (NP any settlement )NP )PP , (NP Warner )NP (VP is (ADJP almost certain (S (VP to (VP demand (NP (NP rights )NP (PP to (NP (NP most )NP (PP of (NP (NP (NP the (QP 50 or so )QP projects )NP (SBAR (S (NP (NP Mr. Guber )NP and (NP Mr. Peters )NP )NP (VP have (VP locked (PRT up )PRT (PP for (NP the next few years )NP )PP )VP )VP )S )SBAR )NP , (ADVP notably )ADVP (NP (NP *UNK )NP (PP to `` (NP Batman )NP )PP )NP )NP )PP )NP )PP )NP )VP )VP )S )ADJP )VP . '' )S  STOP
(S (NP (NP Mr. Guber )NP and (NP Mr. Peters )NP )NP (VP refuse (S (VP to (VP concede (SBAR that (S (NP they )NP (VP may (VP have (VP made (NP a *UNK error )NP (PP in (S (VP accepting (NP the Sony offer )NP (PP before (S (VP taking (NP it )NP (PRT up )PRT (PP with (NP Warner )NP )PP )VP )S )PP )VP )S )PP )VP )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S And (NP they )NP (VP say (SBAR (S (NP there )NP (VP are (NP (NP plenty )NP (PP of (NP *UNK )NP )PP )NP (PP in (NP Hollywood )NP )PP (PP for (S (VP letting (NP people )NP (PP out (PP of (NP contracts )NP )PP )PP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The last time )NP (SBAR (S (NP Columbia Pictures )NP (VP was (VP looking (PP for (NP a studio chief )NP )PP )VP )VP )S )SBAR )NP , (PRN (S (NP they )NP (VP note )VP )S , )PRN (NP Warner )NP (VP (VP released (NP producer David *UNKC )NP (PP from (NP his contract )NP )PP )VP , then (VP took (NP him )NP (ADVP back )ADVP (SBAR after (S (NP he )NP (VP was (ADVP subsequently )ADVP (VP fired (PP by (NP (NP his bosses )NP (PP at (NP Columbia )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (PP In (NP (NP his affidavit )NP (VP filed (NP yesterday )NP )VP )NP )PP , (NP (NP Warner 's )NP Mr. Ross )NP (VP indicated (SBAR (S (NP he )NP (VP is n't (VP buying (NP any such argument )NP )VP )VP )S )SBAR )VP )S : `` (S (SBAR If (S (NP Sony )NP (VP succeeds (ADVP here )ADVP )VP )S )SBAR , (NP (NP no written contract )NP (PP in (NP Hollywood )NP )PP )NP (VP will (VP be (PP worth (NP (NP the paper )NP (SBAR (S (NP it )NP (VP 's (VP written (PP on )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S . )S  STOP
(S (NP THE *UNKC *UNKC )NP (VP could n't (VP sound (ADJP better )ADJP )VP )VP . )S  STOP
(S (ADVP First )ADVP , (NP there )NP (VP 's (NP (NP the name )NP : `` (NP asset-backed securities )NP )NP )VP . '' )S  STOP
(ADJP (ADJP Better )ADJP (PP than (NP (NP all those offers )NP (SBAR (S (NP you )NP (VP get )VP )S )SBAR (S (VP to (VP buy (NP (NP securities )NP (VP backed (PP by (NP nothing )NP )PP )VP )NP )VP )VP )S )NP )PP . )ADJP  STOP
(S And (NP there )NP (VP 's (ADJP more )ADJP )VP . )S  STOP
(S (NP (NP The assets )NP (VP backing (NP the securities )NP )VP )NP (VP come (PP from (NP (NP some )NP (PP of (NP (NP the country 's )NP (ADJP (ADJP biggest )ADJP -- and (ADJP most secure )ADJP -- )ADJP institutions )NP )PP )NP )PP )VP . )S  STOP
(S (NP Most )NP (VP earn (NP (NP high ratings )NP (PP from (NP credit agencies )NP )PP )NP )VP . )S  STOP
(S (NP Their yields )NP (VP are (ADJP (ADJP higher )ADJP (PP than (NP (NP those )NP (PP of (NP U.S. Treasury issues )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S And (NP the booming market )NP (VP has (ADVP already )ADVP (VP attracted (NP (NP many )NP (PP of (NP (NP the nation 's )NP biggest institutional investors )NP )PP )NP )VP )VP . )S  STOP
(ADJP *UNKC (S (VP to (VP jump )VP )VP )S ? )ADJP  STOP
(S (INTJ Well )INTJ , (VP think (ADVP twice )ADVP )VP . )S  STOP
(S (S (NP The concept )NP (VP may (VP be (ADJP simple )ADJP )VP )VP )S : (S (VP (VP Take (NP (NP a bunch )NP (PP of (NP loans )NP )PP )NP )VP , (VP tie (NP them )NP (PRT up )PRT (PP in (NP one *UNK package )NP )PP )VP , and (VP sell (NP (NP pieces )NP (PP of (NP the package )NP )PP )NP (PP to (NP investors )NP )PP )VP )VP )S . )S  STOP
(S But (NP the *UNK )NP (VP may (VP be (ADJP misleading )ADJP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP say (SBAR (S (NP the (ADJP slightly higher )ADJP returns )NP (VP are n't (ADJP enough (S (VP to (VP compensate (PP for (NP the extra risk )NP )PP )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S (S (NP They )NP (VP *UNK (SBAR that (S (NP asset-backed securities )NP (VP are (ADVP only )ADVP (ADJP (ADJP as good )ADJP (PP as (NP (NP the assets and credit backing )NP (SBAR (WHNP that )WHNP (S (VP support (NP them )NP )VP )S )SBAR )NP )PP )ADJP )VP )S )SBAR )VP )S -- and (S (NP those )NP (VP are (ADJP hard (SBAR (S (VP to (VP evaluate )VP )VP )S )SBAR )ADJP )VP )S . )S  STOP
(S (S (ADVP Moreover )ADVP , (NP the securities )NP (VP were (VP introduced (ADVP (NP (QP only about 4 1\/2 )QP years )NP ago )ADVP )VP )VP )S ; (S (NP the biggest *UNK )NP (VP is (SBAR (WHADVP how )WHADVP (S (NP they )NP (VP will (VP fare (PP in (NP a recession )NP )PP )VP )VP )S )SBAR )VP )S . )S  STOP
(SINV `` (S (NP (NP A lot )NP (PP of (NP this stuff )NP )PP )NP (ADVP really )ADVP (VP is (PP in (NP *UNKED waters )NP )PP )VP )S , '' (VP says )VP (NP (NP Owen *UNKC )NP , (NP (NP director )NP (PP of (NP (NP the investment securities division )NP (PP of (NP (NP the U.S. comptroller )NP (PP of (NP the currency )NP )PP )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP We )NP (VP do n't (VP know (SBAR (WHADVP how )WHADVP (S (NP this whole market )NP (VP will (VP work (PP in (NP a serious economic downturn )NP )PP )VP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP Such concerns )NP , (ADVP however )ADVP , (VP have n't (VP stopped (NP asset-backed securities )NP (PP from (S (VP becoming (NP (NP one )NP (PP of (NP (NP Wall Street 's )NP hottest new products )NP )PP )NP )VP )S )PP )VP )VP . )S  STOP
(S (PP Since (NP (NP the spring )NP (PP of (NP 1985 )NP )PP )NP )PP , (NP financial *UNK )NP (VP have (VP *UNKED (NP (NP a wide variety )NP (PP of (NP debt )NP )PP )NP (PP into (NP these new securities )NP )PP )VP )VP . )S  STOP
(S (NP They )NP (VP have (VP sold (NP (NP issues )NP (VP backed (PP by (NP (NP car loans )NP , (NP boat loans )NP and (NP *UNK- loans )NP )NP )PP )VP )NP )VP )VP . )S  STOP
(S (NP They )NP (VP have (VP offered (NP (NP (NP *UNK )NP (PP of (NP *UNK loans )NP )PP )NP , (CONJP as well as )CONJP (NP (NP packages )NP (PP of (NP loans )NP )PP (VP used (S (VP to (VP buy (NP *UNK *UNK- )NP )VP )VP )S )VP )NP )NP )VP )VP . )S  STOP
(S (NP Last year )NP , (NP there )NP (VP was (NP (NP an issue )NP (PP of (NP `` (NP *UNKED bonds )NP '' -- (NP (NP securities )NP (VP backed (PP by (NP (NP loans )NP (PP to (NP *UNK- *UNK )NP )PP )NP )PP )VP )NP )NP )PP )NP )VP . )S  STOP
(S (NP Some )NP (VP predict (SBAR (S (NP there )NP (VP will (VP be (NP `` (NP Third World bonds )NP , '' (VP backed (PP by (NP (NP loans )NP (PP to (NP (NP Brazil )NP , (NP *UNKC )NP and (NP other *UNK- nations )NP )NP )PP )NP )PP )VP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S And (NP the biggest volume )NP (NP this year )NP (VP has (VP been (PP on (NP (NP securities )NP (VP backed (PP by (NP (NP credit-card receivables )NP , (VP (ADVP sometimes )ADVP known (PP as `` (NP plastic bonds )NP )PP )VP )NP )PP )VP )NP )PP )VP )VP . '' )S  STOP
(SINV `` (S (NP This )NP (VP is (NP (NP the *UNK )NP (PP of (NP debt )NP )PP )NP )VP )S , '' (VP says )VP (NP (NP James *UNKC )NP , (NP (NP editor )NP (PP of (NP (NP (NP *UNKC 's )NP Interest *UNKC *UNKC )NP , (NP a newsletter )NP )NP )PP )NP )NP . )SINV  STOP
(S `` (SBAR Before (S (NP the sun )NP (VP sets (PP on (NP the *UNK )NP )PP )VP )S )SBAR , (NP it )NP (VP seems (SBAR (S (NP nothing )NP (VP will (VP be (VP left (S (VP *UNKED )VP )S )VP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP The result )NP (VP is (NP a (ADJP (QP $ 45 billion )QP )ADJP market )NP , (PP according (PP to (NP Securities Data Co )NP )PP )PP )VP . )S  STOP
(S (NP That )NP (VP includes (NP (NP (QP more than $ 9.5 billion )QP )NP (VP issued (PP through (NP (NP August )NP (PP of (NP this year )NP )PP )NP )PP )VP , (ADVP (ADVP up (ADVP sharply )ADVP (PP from (NP (QP $ 6.5 billion )QP )NP (PP in (NP the comparable 1988 period )NP )PP )PP )ADVP -- and (ADVP (ADVP more )ADVP (PP than (PP in (NP (NP all )NP (PP of (NP 1987 )NP )PP )NP )PP )PP )ADVP )ADVP )NP )VP . )S  STOP
(S (NP Most issues )NP (VP have (VP been (VP sold (PP to (NP (NP professional money managers )NP , (NP pension funds )NP , (NP bank trust departments )NP and (NP other institutions )NP )NP )PP )VP )VP )VP . )S  STOP
(S (S But (NP wealthy individuals )NP (ADVP also )ADVP (VP have (VP been (VP *UNKING (ADVP in )ADVP )VP )VP )VP )S , and (S (ADVP lately )ADVP (NP brokers )NP (VP have (VP been (VP pushing (NP smaller investors )NP (PP into (NP the asset-backed market )NP )PP )VP )VP )VP )S . )S  STOP
(S (S (NP The entry fee )NP (VP is (ADJP *UNK )ADJP )VP )S : (S (NP Issues )NP (ADVP typically )ADVP (VP are (VP sold (PP in (NP (NP minimum denominations )NP (PP of (NP $ 1,000 )NP )PP )NP )PP )VP )VP )S . )S  STOP
(SINV `` (S (NP We )NP (VP expect (NP (NP additional offerings )NP '' (PP of (NP (NP asset-backed securities )NP (VP targeted (PP toward (NP individual investors )NP )PP )VP )NP )PP )NP )VP )S , (VP says )VP (NP (NP Bill *UNKC )NP , (NP (NP a senior vice president )NP (PP at (NP Shearson Lehman Hutton Inc )NP )PP )NP )NP . )SINV  STOP
(S (NP The process )NP (ADVP typically )ADVP (VP begins (SBAR (WHADVP when )WHADVP (S (NP (NP an institution )NP , (PP such as (NP (NP *UNKC )NP or (NP Sears , Roebuck & Co. )NP )NP )PP , )NP (VP (VP takes (NP (NP a pool )NP (PP of (NP (ADJP credit-card or other )ADJP receivables )NP )PP )NP )VP and (VP sells (NP them )NP (PP to (NP a (ADJP *UNKLY created )ADJP trust )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The trust )NP (ADVP then )ADVP (VP issues (NP (NP securities )NP (PRN -- (ADJP generally due (PP in (NP five years (QP or less )QP )NP )PP )ADJP -- )PRN (SBAR (WHNP that )WHNP (S (VP are (VP (VP *UNK (PP by (NP Wall Street brokerage firms )NP )PP )VP and (VP offered (PP to (NP investors )NP )PP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Issues )NP (ADVP typically )ADVP (VP (VP come (PP with (NP `` (NP credit *UNK )NP , '' (PP such as (NP (NP a bank letter )NP (PP of (NP credit )NP )PP )NP )PP )NP )PP )VP , and (VP (ADVP thus )ADVP have (VP received (NP high credit ratings )NP )VP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP say (SBAR (S (NP the booming market )NP (VP has (VP opened (PRT up )PRT (NP (NP a valuable new source )NP (PP of (NP funds )NP )PP )NP (PP to (NP issuers )NP )PP , (SBAR while (S (VP providing (NP a valuable new investment )NP (PP for (NP individuals and institutions )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP *UNKED securities )NP `` (VP are (NP an attractive investment )NP (PP compared (PP to (NP (NP (NP bank certificates )NP (PP of (NP deposit )NP )PP )NP or (NP other corporate bonds )NP )NP )PP )PP )VP )S , '' (VP says )VP (NP (NP Craig J. Goldberg )NP , (NP (NP (NP managing director )NP and (NP head )NP )NP (PP of (NP (NP the asset-backed securities group )NP (PP at (NP Merrill Lynch Capital Markets )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S But (NP *UNK )NP (VP question (SBAR whether (S (NP asset-backed bonds )NP (VP offer (NP (NP sufficient rewards )NP (SBAR (S (VP to (VP compensate (PP for (NP the extra risks )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (VP Consider (NP (NP a (ADJP (QP $ 500 million )QP )ADJP offering )NP (PP of (NP (NP (ADJP 9 % )ADJP securities )NP (VP (VP issued (NP last spring )NP )VP and (VP backed (PP by (NP *UNKC credit-card receivables )NP )PP )VP )VP )NP )PP )NP )VP . )S  STOP
(S (NP The *UNKED issue )NP (VP offered (NP (NP a yield )NP (PP of (NP (NP (QP only about 0.5 )QP percentage point )NP (PP above (NP four-year Treasury issues )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP On (NP a (ADJP $ 10,000 )ADJP investment )NP )PP , (NP that )NP (VP 's (NP (NP a difference )NP (PP of (NP (NP (QP only $ 50 )QP )NP (NP a year )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP That kind )NP (PP of (NP spread )NP )PP )NP (VP can (VP be (ADJP critical (PP for (NP (NP money managers )NP (SBAR (SBAR (WHNP who )WHNP (S (VP buy (NP bonds )NP (PP in (NP large quantities )NP )PP )VP )S )SBAR and (SBAR (WHNP whose *UNK )WHNP (S (VP depends (PP on (S (VP *UNKING (NP (NP the money manager )NP (PP across (NP the street )NP )PP )NP )VP )S )PP )VP )S )SBAR )SBAR )NP )PP )ADJP )VP )VP . )S  STOP
(S But (PP for (NP (NP individuals )NP (SBAR (WHNP who )WHNP (S (VP (VP buy (NP (ADJP much smaller )ADJP amounts )NP )VP and (VP care (ADVP (ADVP less )ADVP )ADVP (PP about (NP relative performance )NP )PP (PP than (PP in (S (VP preserving (SBAR (WHNP what )WHNP (S (NP they )NP (VP have )VP )S )SBAR )VP )S )PP )PP )VP )VP )S )SBAR )NP )PP , (NP that margin )NP (VP is (ADJP *UNK )ADJP )VP . )S  STOP
(SINV `` (S (SBAR If (S (NP you )NP (VP 're (PP in (NP the bond business )NP )PP (S (VP playing (NP the *UNK- *UNK )NP )VP )S )VP )S )SBAR , (ADVP then )ADVP (NP (NP even an extra 25 basis points )NP (PRN -LRB- (NP 0.25 percentage point )NP -RRB- )PRN )NP (VP becomes (NP an important consideration )NP (PP on (NP a career basis )NP )PP )VP )S , '' (VP says )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S `` But (SBAR if (S (NP you )NP (VP 're (NP (NP an individual )NP (VP (VP investing (NP money )NP )VP and (VP trying (S (VP to (VP get (NP it )NP (PRT back )PRT (ADVP again )ADVP )VP )VP )S )VP )VP )NP )VP )S )SBAR , (ADVP then )ADVP (NP that )NP (VP is n't (PP of (NP overwhelming importance )NP )PP )VP . '' )S  STOP
(S (ADVP Moreover )ADVP , (NP (NP the interest )NP (PP on (NP asset-backed securities )NP )PP )NP (VP is (ADJP fully taxable )ADJP , (SBAR while (S (NP (NP interest )NP (PP on (NP Treasury issues )NP )PP )NP (VP is (ADJP tax-free )ADJP (PP at (NP the (UCP state and local )UCP level )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP 's (SBAR (WHADVP why )WHADVP (S (NP (NP some investment managers )NP , (PP such as (NP (NP Alex *UNKC )NP , (NP (NP a vice president )NP (PP of (NP (NP Chase Manhattan Bank 's )NP private banking division )NP )PP )NP )NP )PP , )NP (VP do n't (VP recommend (NP most asset-backed issues )NP (PP for (NP (NP individuals )NP (PP in (NP (NP *UNK- states )NP , (PP such as (NP (NP New York )NP or (NP California )NP )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP Mr. *UNKC )NP (VP has (VP purchased (NP asset-backed issues )NP (PP for (NP (NP individuals )NP (PP with (NP (NP *UNKED accounts )NP , (PP such as (NP retirement plans )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP He )NP (VP points (PRT out )PRT (SBAR that (S (NP (NP institutions )NP (VP buying (NP asset-backed issues )NP (PP in (NP large quantities )NP )PP )VP )NP (VP can (VP earn (NP (NP higher spreads )NP (PP over (NP Treasurys )NP )PP (PP than (NP (NP individuals )NP (VP buying (NP smaller amounts )NP )VP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Another concern )NP (VP is (UCP (NP liquidity )NP , or (SBAR (WHADVP how easily )WHADVP (S (NP a security )NP (VP can (VP be (VP converted (PP into (NP cash )NP )PP )VP )VP )VP )S )SBAR )UCP )VP . )S  STOP
(S (NP (NP The (UCP secondary , or resale , )UCP market )NP (PP for (NP asset-backed securities )NP )PP )NP (VP is (ADJP (ADJP relatively new )ADJP and (ADJP (ADJP much less active )ADJP (PP than (PP for (NP Treasury issues )NP )PP )PP )ADJP )ADJP )VP . )S  STOP
(S (NP That )NP (VP could (VP make (S (NP it )NP (ADJP *UNK )ADJP )S (PP for (NP (NP investors )NP (SBAR (WHNP who )WHNP (S (VP need (S (VP to (VP sell (NP their holdings )NP (ADVP quickly )ADVP (SBAR before (S (NP the securities )NP (VP mature )VP )S )SBAR )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP That )NP (VP 's (ADJP particularly true )ADJP )VP (PRN , (S (NP analysts )NP (VP say )VP )S , )PRN (PP for (NP (NP certain )NP (PP of (NP the securities )NP )PP , (PP such as (NP (NP those )NP (VP backed (PP by (NP *UNK- loans )NP )PP )VP )NP )PP )NP )PP . )S  STOP
(SINV `` (S (NP You )NP (VP could (VP see (NP massive gyrations )NP (ADVP here )ADVP (SBAR because (S (NP it )NP (VP 's (NP such a (ADJP *UNKLY traded )ADJP market )NP )VP )S )SBAR )VP )VP )S , '' (VP says )VP (NP (NP Jonathan S. Paris )NP , (NP (NP a vice president )NP (PP of (NP (NP European Investors Inc. )NP , (NP a New York *UNK- firm )NP )NP )PP )NP )NP . )SINV  STOP
(S (PP In (NP addition )NP )PP , (NP (NP an investor )NP (SBAR (WHNP who )WHNP (S (VP wants (S (VP to (VP know (NP (NP the daily value )NP (PP of (NP (NP Treasury bonds )NP , or (NP (NP corporate bonds )NP (VP traded (PP on (NP the New York Stock Exchange )NP )PP )VP )NP , )NP )PP )NP )VP )VP )S )VP )S )SBAR )NP (VP can (ADVP simply )ADVP (VP check (NP newspaper *UNK )NP )VP )VP . )S  STOP
(S (NP There )NP (VP are n't (NP (NP any such *UNK )NP (PP for (NP asset-backed securities )NP )PP )NP )VP . )S  STOP
(S (S (VP *UNKING (NP asset-backed securities )NP )VP )S (VP *UNK (NP another problem )NP )VP . )S  STOP
(S (NP Investors )NP , (PP for (NP instance )NP )PP , (VP may (ADVP *UNKLY )ADVP (VP assume (SBAR that (S (NP (NP the bank or company )NP (SBAR (WHNP that )WHNP (S (ADVP originally )ADVP (VP held (NP the assets )NP )VP )S )SBAR )NP (VP is (VP *UNKING (NP the securities )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP It )NP (VP is n't )VP . )S  STOP
(S (NP (NP The front cover )NP (PP of (NP (NP the prospectus )NP (PP for (NP the Citibank credit-card receivables offering )NP )PP )NP )PP )NP (VP points (PRT out )PRT (PP in (NP bold capital letters )NP )PP (SBAR that (S (NP the certificates )NP (VP (VP represent (NP (NP an interest )NP (PP (ADVP only )ADVP in (NP the (ADJP *UNKLY created )ADJP trust )NP )PP )NP )VP and `` (VP do not (VP represent (NP (NP (NP interests )NP (PP in )PP )NP or (NP (NP obligations )NP (PP of )PP )NP (NP (NP the banks )NP , (NP Citibank *UNKC )NP , (NP Citicorp )NP or (NP any affiliate *UNK )NP )NP )NP )VP )VP . '' )VP )S )SBAR )VP )S  STOP
(S (PP In (NP other words )NP )PP , (SBAR if (S (NP there )NP (VP 's (NP a problem )NP )VP )S )SBAR , (VP do n't (VP expect (S (NP Citibank )NP (VP to (VP come (PP to (NP the rescue )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP The prospectus )NP (ADVP also )ADVP (VP notes (SBAR that (S (NP the securities )NP (VP are not (VP guaranteed (PP by (NP any government agency )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP means (SBAR (S (NP investors )NP (VP have (S (VP to (VP focus (PP (PP on (NP (NP the quality )NP (PP of (NP (NP the debt )NP (SBAR (WHNP that )WHNP (S (VP lies (PP beneath (NP the securities )NP )PP )VP )S )SBAR )NP )PP )NP )PP , (CONJP as well as )CONJP (PP on (NP (NP (NP the credit *UNK )NP (PP for (NP the issue )NP )PP )NP and (NP (NP the credit ratings )NP (SBAR (S (NP the issue )NP (VP has (VP received )VP )VP )S )SBAR )NP )NP )PP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (ADVP also )ADVP (VP is n't (ADJP easy )ADJP )VP . )S  STOP
(S (VP Take (NP (NP the `` credit *UNK )NP , '' (SBAR (WHNP which )WHNP (S (ADVP typically )ADVP (VP include (NP (NP (NP a bank letter )NP (PP of (NP credit )NP )PP )NP or (NP (NP insurance )NP (PP from (NP a *UNK- company )NP )PP )NP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP The letter )NP (PP of (NP credit )NP )PP )NP (ADVP typically )ADVP (VP is not (VP offered (PP by (NP (NP the bank )NP (VP selling (NP (NP the assets )NP (SBAR (S (VP to (VP back (NP the securities )NP )VP )VP )S )SBAR )NP )VP )NP )PP )VP )VP . )S  STOP
(SINV Nor does (NP it )NP (VP cover (NP the entire portfolio )NP )VP . )SINV  STOP
(S (NP (NP Details )NP (PP of (NP credit *UNK )NP )PP )NP (VP vary (ADVP widely )ADVP (PP (PP from (NP issue )NP )PP (PP to (NP issue )NP )PP )PP )VP . )S  STOP
(S (ADVP Still )ADVP , (NP they )NP (VP (VP play (NP a crucial role )NP (PP in (S (VP winning (NP top ratings )NP (PP for (NP most asset-backed issues )NP )PP )VP )S )PP )VP -- (SBAR (WHNP which )WHNP (S (PP in (NP turn )NP )PP (VP is (SBAR (WHADVP why )WHADVP (S (NP (NP the yield )NP (PP above (NP Treasurys )NP )PP )NP (VP is (ADJP so *UNK )ADJP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S But (NP *UNK )NP (VP ask (SBAR (WHADVP why )WHADVP (S (NP you )NP (VP should (VP bother (S (VP buying (NP this stuff )NP )VP )S (SBAR (WHADVP when )WHADVP (S (NP you )NP (VP can (VP get (NP (ADJP (ADVP only slightly )ADVP lower )ADJP yields )NP (PP on (NP *UNKED paper )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP you )NP (VP buy (NP an asset-backed issue )NP )VP )S )SBAR , (NP you )NP (VP take (NP the risk (SBAR that (S (NP (NP a bank )NP or (NP an insurer )NP )NP (VP could (VP run (PP into (NP unexpected difficulties )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (SBAR If (S (NP (NP a bank 's )NP credit rating )NP (VP was (VP lowered (PP because of , (INTJ say )INTJ , (NP (NP its loans )NP (PP to (NP Third World nations )NP )PP )NP )PP )VP )VP )S )SBAR , (NP that )NP (VP could (ADVP also )ADVP (VP affect (NP (NP the ratings , liquidity and prices )NP (PP of (NP (NP the asset-backed issues )NP (SBAR (WHNP that )WHNP (S (NP the bank )NP (VP supports )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP insist (SBAR (S (NP these issues )NP (VP are (VP *UNKED (S (VP to (VP *UNK (NP (ADJP extremely tough )ADJP economic conditions )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S But (PP (PP despite (NP the credit *UNK )NP )PP , (PP despite (NP the high ratings )NP )PP )PP , (NP some money managers )NP (ADVP still )ADVP (VP worry (SBAR that (S (NP a recession )NP (VP could (VP *UNK (NP *UNK )NP (PP on (NP the underlying assets )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP At (NP (NP a time )NP (SBAR (WHADVP when )WHADVP (S (NP Americans )NP (VP are (ADJP leveraged (PP to (NP their *UNK )NP )PP )ADJP )VP )S )SBAR )NP )PP , (NP asset-backed investors )NP (VP may (VP be (VP taking (NP a *UNK gamble (SBAR that (S (NP consumers )NP (VP will (VP be (ADJP able (S (VP to (VP repay (NP loans )NP (PP in (NP hard times )NP )PP )VP )VP )S )ADJP )VP )VP )S )SBAR )NP )VP )VP )VP . )S  STOP
(S (PP At (NP the (ADJP very least )ADJP )NP )PP , (NP a recession )NP (VP would (VP prompt (S (NP investors )NP (VP to (VP buy (NP (NP (NP the *UNK- bonds )NP (SBAR (S (NP they )NP (VP can (VP find )VP )VP )S )SBAR )NP (PRN -- (S (NP that )NP (VP is , (NP Treasurys )NP )VP )S )PRN )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP That )NP (VP could (VP (VP widen (NP (NP the yield spread )NP (PP between (NP (NP Treasurys )NP and (NP asset-backed securities )NP )NP )PP )NP )VP , (CONJP as well as )CONJP (VP make (S (NP (NP it )NP )NP (ADJP tougher )ADJP (S (VP to (VP *UNK (NP the latter )NP )VP )VP )S )S )VP )VP )VP . )S  STOP
(S But (NP it )NP (VP could (VP be (ADJP much worse )ADJP )VP )VP . )S  STOP
(S (NP Some analysts )NP (VP are (ADJP especially wary (PP of (NP credit-card issues )NP )PP )ADJP )VP . )S  STOP
(S (PP For (NP one thing )NP )PP , (NP credit-card loans )NP (VP are (ADJP unsecured )ADJP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP they )NP (VP fear (SBAR that (S (NP banks )NP (VP have (VP been (ADJP *UNK (S (VP to (VP issue (NP cards )NP (PP to (NP the public )NP )PP )VP )VP )S )ADJP -- (S (VP giving (NP cards )NP (PP to (NP (NP (ADJP too many )ADJP big *UNK )NP (SBAR (WHNP who )WHNP (S (VP will (VP default (PP during (NP a recession )NP )PP )VP )VP )S )SBAR )NP )PP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (S (NP (NP A day )NP (PP of (NP *UNKING )NP )PP )NP (VP is (VP coming (SBAR (WHADVP where )WHADVP (S (NP we )NP (VP think (SBAR (S (NP the market )NP (VP will (VP place (NP a high premium )NP (PP on (NP the *UNK- debt issues )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP )S , and (S (ADVP therefore )ADVP (NP we )NP (VP think (SBAR (S (NP the best debt investment )NP (VP is (NP U.S. government bonds )NP )VP )S )SBAR )VP )S )S , '' (VP says )VP (NP (NP Craig *UNKC )NP (PP of (NP (NP *UNKC Futures Inc. )NP , (NP an investment advisory firm )NP )NP )PP )NP . )SINV  STOP
(FRAG (WHNP What )WHNP (PP about (NP *UNKED asset-backed issues )NP )PP ? )FRAG  STOP
(S `` (S (INTJ *UNKC )INTJ , (NP we )NP (ADVP still )ADVP (VP say (S (VP to (VP stick (PP with (NP Treasurys )NP )PP )VP )VP )S )VP )S , '' (NP Mr. *UNKC )NP (VP *UNK )VP . )S  STOP
(S (NP *UNKC )NP (PRN , (S (NP he )NP (VP notes )VP )S , )PRN `` (VP are (ADJP subject (PP to (NP change )NP )PP )ADJP )VP . '' )S  STOP
(S (NP All this )NP (VP makes (S (NP asset-backed securities )NP (VP seem (ADJP too risky (PP for (NP many people )NP )PP )ADJP )VP )S )VP . )S  STOP
(S And (NP it )NP (VP *UNK (NP (NP Raymond F. *UNKC Jr. )NP , (NP (NP a market strategist )NP (PP at (NP *UNKC Mason Wood Walker Inc. )NP )PP )NP , )NP (PP of (SBAR (WHNP what )WHNP (S (NP he )NP (VP calls (S `` (NP (NP *UNKC 's )NP (ADJP (ADJP *UNKC )ADJP but (ADJP *UNKLY *UNKC )ADJP )ADJP *UNKC No. 1 )NP )S )VP )S )SBAR )PP )VP : )S  STOP
(S `` (NP (NP More money )NP )NP (VP has (VP been (VP lost (S (VP reaching (PP for (NP yield )NP )PP )VP )S (PP than (PP in (NP (NP all the stock *UNK , scams and *UNK )NP (PP of (NP all time )NP )PP )NP )PP )PP )VP )VP )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP is (NP (NP a staff reporter )NP (PP in (NP (NP The Wall Street Journal 's )NP New York bureau )NP )PP )NP )VP . )S  STOP
(NP (NP Volume )NP (PP of (NP (NP asset-backed securities )NP (VP issued (ADVP annually )ADVP )VP )NP )PP )NP  STOP
(FRAG (X \* )X (NP *UNKC amount )NP )FRAG  STOP
(FRAG (X *UNK )X (PP As (PP of (NP August 30 )NP )PP )PP )FRAG  STOP
(FRAG (X \* )X (NP *UNKC amount )NP )FRAG  STOP
(NP (NP Source )NP : (NP Securities Data Co )NP . )NP  STOP
(S (SBAR *UNK (S (NP *UNKC )NP (VP *UNKC (S (NP financial planners )NP (VP to (VP sum (PRT up )PRT (NP their (ADJP most important )ADJP advice )NP (PP in (NP a single sentence )NP )PP )VP )VP )S )VP )S )SBAR , (NP it )NP (VP would (ADVP probably )ADVP (VP be (NP (NP a *UNK- sentence )NP : (S (VP *UNKC )VP )S )NP )VP )VP . )S  STOP
(S (S (VP *UNKING (PP by (NP (NP a poll )NP (PP of (NP Wall Street Journal readers )NP )PP (VP conducted (NP this summer )NP (PP by (NP *UNKC & Morgan Inc. )NP )PP )VP )NP )PP )VP )S , (NP serious investors )NP (VP have (VP taken (NP that advice )NP (PP to (NP heart )NP )PP )VP )VP . )S  STOP
(S (NP (QP Nearly 1,000 )QP investors )NP (VP responded (PP to (NP (NP the Journal 's )NP poll )NP )PP , (S (VP providing (NP (NP an *UNK- look )NP (PP at (NP their portfolios )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP Those portfolios )NP (VP are (ADJP *UNKLY diversified )ADJP )VP . )S  STOP
(S (PP By (S (VP spreading (NP their wealth )NP (PP among (NP several investment alternatives )NP )PP )VP )S )PP , (NP the respondents )NP (VP have (VP protected (NP themselves )NP (PP against (NP (NP *UNK )NP (PP in (NP any one area )NP )PP )NP )PP , (SINV be (NP it )NP (NP (NP stocks )NP , (NP bonds )NP or (NP real estate )NP )NP )SINV )VP )VP . )S  STOP
(S (PP For (NP example )NP )PP , (NP (NP (QP about 88 )QP % )NP (PP of (NP Journal readers )NP )PP )NP (VP owned (NP stock )NP (PRN -LRB- (ADVP down (ADVP slightly )ADVP (PP from (NP (NP 91 % )NP (PP in (NP (NP a similar poll )NP (NP last year )NP )NP )PP )NP )PP )ADVP -RRB- )PRN )VP . )S  STOP
(S But (NP (QP only *UNKN )QP % )NP (VP said (SBAR (S (NP they )NP (VP had (NP (QP more than half )QP their money )NP (PP in (NP the stock market )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Similarly )ADVP , (S (NP (NP 57 % )NP (PP of (NP respondents )NP )PP )NP (VP own (NP (NP shares )NP (PP in (NP a money-market mutual fund )NP )PP )NP )VP )S , and (S (NP 33 % )NP (VP own (NP municipal bonds )NP )VP )S . )S  STOP
(S But (NP (NP (QP only 6 % to 7 % )QP )NP (PP of (NP the investors )NP )PP )NP (VP were (VP *UNKING (NP (QP more than half )QP their funds )NP (PP to (NP (NP either )NP (PP of (NP those alternatives )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The poll )NP , (VP conducted (NP Aug. *UNKN )NP )VP , )NP (ADVP also )ADVP (VP provides (NP (NP a *UNK )NP (PP into (NP (NP the thinking )NP (PP of (NP serious investors )NP )PP (PP on (NP (NP a variety )NP (PP of (NP other *UNK )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP It )NP (VP found (S (NP them )NP (PP in (NP a (ADJP (ADJP cautious )ADJP , but (ADJP not *UNK )ADJP , )ADJP mood )NP )PP )S )VP . )S  STOP
(S (PP Of (NP (NP 1,500 people )NP (VP sent (NP a *UNK )NP )VP )NP )PP , (NP (NP *UNKN )NP )NP (VP replied )VP . )S  STOP
(S (NP (NP The response rate )NP , (NP (QP more than 63 )QP % )NP , )NP (VP allows (S (NP the results )NP (VP to (VP be (VP interpreted (PP with (NP (NP a high degree )NP (PP of (NP confidence )NP )PP )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP The results )NP (VP ca n't (VP be (VP *UNKED (PP to (NP all investors )NP )PP , (ADVP though )ADVP )VP )VP )VP . )S  STOP
(S (NP Journal readers )NP (VP are (ADJP relatively affluent )ADJP , (PP with (NP (NP a *UNK household income )NP (PP of (NP (QP between $ *UNKN and $ *UNKN )QP )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP (NP (QP Nearly half )QP )NP (PP of (NP the respondents )NP )PP (PRN -LRB- (NP 47 % )NP -RRB- )PRN )NP (VP said (SBAR (S (NP their investment portfolio )NP (VP was (ADJP worth (NP $ 250,000 (QP or more )QP )NP )ADJP )VP )S )SBAR )VP )S , and (S (NP 17 % )NP (VP said (SBAR (S (NP it )NP (VP was (ADJP worth (NP (QP $ 1 million )QP (QP or more )QP )NP )ADJP )VP )S )SBAR )VP )S . )S  STOP
(S (S (NP The respondents )NP (VP were (ADJP *UNKLY optimistic (PP about (NP (NP the economy )NP and (NP investment markets )NP )NP )PP )ADJP )VP )S , but (S (NP their collective *UNK )NP (VP were (ADJP (ADJP (NP a *UNK )NP more *UNK )ADJP (SBAR than (S (NP they )NP (VP were (ADVP (NP a year )NP ago )ADVP )VP )S )SBAR )ADJP )VP )S . )S  STOP
(S (PP For (NP example )NP )PP , (NP (NP 12 % )NP (PP of (NP (NP this year 's )NP respondents )NP )PP )NP (VP said (SBAR (S (NP they )NP (VP expect (NP (NP a recession )NP (PP within (NP 12 months )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Last year )NP , (NP (QP only 8 )QP % )NP (VP were (VP expecting (NP a recession )NP )VP )VP . )S  STOP
(S (NP (NP An additional 56 % )NP (PP of (NP (NP this year 's )NP respondents )NP )PP )NP (VP expect (S (NP the economy )NP (VP to (VP slow (PRT down )PRT (PP during (NP the next 12 months )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP (QP Only 42 )QP % )NP (PP of (NP (NP last year 's )NP respondents )NP )PP )NP (VP anticipated (NP slowing growth )NP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP the respondents )NP (VP do n't (VP think (SBAR that (S (NP an economic slowdown )NP (VP would (VP harm (NP the major investment markets )NP (ADVP very much )ADVP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP A *UNK majority )NP (PRN -LRB- (NP 51 % )NP -RRB- )PRN )NP (VP think (SBAR (S (NP stock prices )NP (VP will (VP be (ADJP (ADJP higher )ADJP )ADJP (PP in (NP August 1990 )NP )PP (SBAR than (S (NP they )NP (VP were (PP in (NP August 1989 )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Their verdict )NP (PP on (NP real estate )NP )PP )NP (VP is (ADVP almost )ADVP (NP the same )NP )VP . )S  STOP
(S (NP (QP Some 50 )QP % )NP (VP expect (S (NP (NP real estate )NP (PP in (NP their local area )NP )PP )NP (VP to (VP increase (PP in (NP value )NP )PP (PP over (NP the next 12 months )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP By (NP contrast )NP )PP , (NP (QP only 32 )QP % )NP (VP expect (NP (NP an increase )NP (PP in (NP (NP the price )NP (PP of (NP gold )NP )PP )NP )PP )NP )VP . )S  STOP
(S (SBAR Since (S (NP gold )NP (VP tends (S (VP to (VP soar )VP )VP )S (SBAR (WHADVP when )WHADVP (S (NP inflation )NP (VP is (ADJP high )ADJP )VP )S )SBAR )VP )S )SBAR , (NP that finding )NP (VP suggests (SBAR that (S (NP people )NP (VP believe (SBAR (S (NP inflation )NP (VP remains (PP under (NP control )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (SBAR Even though (S (NP (QP only 12 )QP % )NP (ADVP actually )ADVP (VP predicted (NP a recession )NP )VP )S )SBAR , (NP many respondents )NP (VP were (VP taking (NP a (ADJP *UNK- *UNK )ADJP investment stance )NP )VP )VP . )S  STOP
(S (NP (QP Nearly a third )QP )NP (VP said (SBAR (S (NP they )NP (VP have (VP made (NP some portfolio changes )NP (S (VP to (VP anticipate (NP a possible recession )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP the most part )NP )PP , (NP the changes )NP (VP were `` (ADJP slight )ADJP )VP . '' )S  STOP
(S (NP (NP The two-thirds )NP (SBAR (WHNP who )WHNP (S (VP have n't (VP tried (S (VP to (VP make (S (NP their portfolios )NP (ADJP more *UNK- )ADJP )S )VP )VP )S )VP )VP )S )SBAR )NP (VP were (VP split (ADVP about *UNKLY )ADVP (PP between (NP (NP (NP investors )NP (SBAR (WHNP who )WHNP `` (S (VP do n't (VP believe (PP in (S (VP trying (S (VP to (VP predict (NP the markets )NP )VP )VP )S )VP )S )PP )VP )VP )S '' )SBAR (PRN -LRB- (NP (QP about 31 )QP % )NP -RRB- )PRN )NP and (NP (NP investors )NP (SBAR (WHNP who )WHNP (S (VP (VP `` do n't (VP expect (NP a recession )NP '' (PRN -LRB- (NP (QP about 15 )QP % )NP -RRB- )PRN )VP )VP or (VP are `` (ADJP *UNK (SBAR (UCP if and (WHADVP when )WHADVP )UCP (S (NP a recession )NP (VP might (VP come )VP )VP )S )SBAR )ADJP '' (PRN -LRB- (NP (QP about 22 )QP % )NP -RRB- )PRN )VP )VP )S )SBAR )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP A *UNK- approach )NP (PP to (NP stocks )NP )PP )NP (VP continues (S (VP to (VP be (NP the rule )NP (PP among (NP respondents )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Most )NP (VP (VP own (NP (QP two to 10 )QP stocks )NP )VP , and (VP buy or sell (ADVP (ADVP no more )ADVP (PP than (NP (NP three times )NP (NP a year )NP )NP )PP )ADVP )VP )VP . )S  STOP
(S (S (NP (QP Some 71 )QP % )NP (VP had (VP bought (NP some stock )NP (PP in (NP the past year )NP )PP )VP )VP )S ; (S (NP (QP only 57 )QP % )NP (VP had (VP sold (NP any )NP )VP )VP )S . )S  STOP
(S But (NP (NP the *UNKING shadow )NP (PP of (NP (NP 1987 's )NP stock-market crash )NP )PP )NP (ADVP still )ADVP (VP seems (ADJP dark )ADJP )VP . )S  STOP
(S (NP (QP About 33 )QP % )NP (VP considered (S (NP another crash )NP `` (ADJP likely )ADJP )S , '' (SBAR while (S (NP (QP about 63 )QP % )NP (VP said (SBAR (S (NP one )NP (VP is `` (ADJP unlikely )ADJP )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (NP Those *UNK )NP (ADVP hardly )ADVP (VP changed (PP from (NP (NP the previous year 's )NP poll )NP )PP )VP . )S  STOP
(S And (NP (NP (NP the respondents ' )NP commitment )NP (PP to (NP the stock market )NP )PP )NP (VP remains (ADJP (ADJP somewhat lighter )ADJP (PP than (ADJP usual )ADJP )PP )ADJP )VP . )S  STOP
(S (NP (NP (QP About 60 )QP % )NP (PP of (NP them )NP )PP )NP (VP said (SBAR (S (NP they )NP (VP would `` (ADVP *UNKLY )ADVP '' (VP have (NP (NP (QP at least 25 )QP % )NP (PP of (NP their money )NP )PP )NP (PP in (NP stocks )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S But (PP as (PP of (NP August )NP )PP )PP , (NP (QP only 50 )QP % )NP (ADVP actually )ADVP (VP had (NP (NP stock-market investments )NP (PP of (NP that size )NP )PP )NP )VP . )S  STOP
(S (NP Most stock-market indexes )NP (VP were (VP hitting (NP *UNK- highs )NP (PP at (NP (NP around the time )NP (PP of (NP the poll )NP )PP )NP )PP )VP )VP . )S  STOP
(S But (NP it )NP (VP appears (SBAR that (S (NP many Journal readers )NP (VP were (VP taking (NP that news )NP (PP as (NP (NP a sign (S (VP to (VP be (ADJP cautious )ADJP )VP )VP )S )NP , (CONJP rather than )CONJP (NP a signal (S (VP to (VP jump (PP on (NP the *UNK )NP )PP )VP )VP )S )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Dorfman )NP (VP covers (NP investing issues )NP (PP from (NP (NP The Wall Street Journal 's )NP New York bureau )NP )PP )VP . )S  STOP
(S (S (NP Canadian steel *UNK production )NP (VP totaled (NP *UNKN metric tons )NP (PP in (NP (NP the week )NP (VP ended (NP Oct. 14 )NP )VP )NP )PP , (ADVP down (NP 5.3 % )NP (PP from (NP (NP (NP the *UNKING week 's )NP total )NP (PP of (NP *UNKN tons )NP )PP )NP )PP )ADVP )VP )S , (NP (NP Statistics Canada )NP , (NP a federal agency )NP , )NP (VP said )VP . )S  STOP
(S (NP (NP The week 's )NP total )NP (VP was (ADVP down (NP 7.1 % )NP (PP from (NP *UNKN tons )NP (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )VP . )S  STOP
(S (NP A metric ton )NP (VP is (ADJP equal (PP to (NP *UNKN pounds )NP )PP )ADJP )VP . )S  STOP
(S (NP (NP The cumulative total )NP (PP in (NP 1989 )NP )PP )NP (VP was (NP *UNKN tons )NP , (ADVP up (NP 7.5 % )NP (PP from (NP *UNKN tons )NP (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )VP . )S  STOP
(S (NP Health Care *UNKC Investors Inc. )NP (VP said (SBAR (S (NP it )NP (VP acquired (NP (NP three long-term care facilities )NP and (NP one *UNKING facility )NP )NP (PP in (NP (NP a *UNK- transaction )NP (VP valued (PP at (NP (QP $ 15 million )QP )NP )PP )VP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The real estate investment trust )NP (VP said (SBAR that (S (NP it )NP (VP leased (NP the three Florida facilities )NP (PP to (NP (NP National Health Care *UNKC Inc. )NP (PP of (NP (NP *UNKC )NP , (NP N.Y )NP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Health Care Property )NP (VP holds (NP (NP an interest )NP (PP in (NP (NP *UNKN facilities )NP (PP in (NP 30 states )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Moody 's )NP Investors Service )NP (VP said (SBAR (S (NP it )NP (VP lowered (NP (NP its rating )NP (PP on (NP (NP (QP about $ 75 million )QP )NP (PP of (NP (NP (NP this (NAC *UNKC , Calif. , )NAC concern 's )NP convertible subordinated debentures )NP , (ADJP due (NP *UNKN )NP )ADJP , )NP )PP )NP )PP )NP (PP to (NP *UNKC )NP )PP (PP from (NP *UNK )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP said (SBAR (S (NP the reduction )NP (VP reflects (NP (NP *UNKED business prospects )NP and (NP (NP reduced financial flexibility )NP (VP caused (PP by (NP (NP continuing losses )NP (PP at (NP (NP the maker )NP (PP of (NP *UNKC disk drives )NP )PP )NP )PP )NP )PP )VP )NP )NP )VP )S )SBAR )VP . )S  STOP
(NP *UNKC National Corp. -- )NP  STOP
(S (NP (NP Moody 's )NP Investors Service Inc. )NP (VP said (SBAR (S (NP it )NP (VP lowered (NP (NP its rating )NP (PP on (NP (NP (QP about $ 400 million )QP )NP (PP of (NP this (NP bank holding company 's )NP senior debt )NP )PP )NP )PP )NP (PP to (NP *UNK )NP )PP (PP from (NP *UNKC )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Moody 's )NP (VP said (SBAR (SBAR (S (NP it )NP (VP expects (S (NP (NP Valley National )NP , (PP of (NP (NP Phoenix )NP , (NP Ariz. )NP )NP )PP , )NP (VP to (VP make (NP (NP substantial further provisions )NP (PP against (NP its real-estate portfolio )NP )PP )NP )VP )VP )S )VP )S )SBAR , and (SBAR that (S (NP it )NP (VP continues (S (VP to (VP suffer (PP (PP from (NP (NP the high cost )NP (PP of (S (VP carrying (NP nonperforming assets )NP )VP )S )PP )NP )PP , and (PP from (NP high loan-loss provisions )NP )PP )PP )VP )VP )S )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP (NP Electronic theft )NP (PP by (NP (NP (ADJP foreign and industrial )ADJP *UNK )NP and (NP *UNKED employees )NP )NP )PP )NP (VP is (VP (VP costing (NP U.S. companies )NP (NP billions )NP )VP and (VP *UNKING (NP their international competitive advantage )NP )VP )VP )VP . )S  STOP
(S (NP That )NP (VP was (NP (NP the message )NP (VP delivered (PP by (NP government and private security experts )NP )PP (PP at (NP (NP an *UNK- conference )NP (PP on (NP corporate electronic *UNK )NP )PP )NP )PP )VP )NP )VP . )S  STOP
(SINV `` (S (NP (ADJP *UNKC and even friendly )ADJP nations )NP (ADVP routinely )ADVP (VP (VP steal (NP information )NP (PP from (NP U.S. companies )NP )PP )VP and (VP share (NP it )NP (PP with (NP their own companies )NP )PP )VP )VP )S , '' (VP said )VP (NP (NP *UNKC D. *UNKC )NP , (UCP (NP (NP a former *UNK )NP (PP at (NP the federal National Security Agency )NP )PP )NP and (RRC (ADVP now )ADVP (NP (NP president )NP (PP of (NP (NP Information Security Inc. )NP , (NP (NP Silver *UNKING )NP , (NP Md )NP )NP )NP )PP )NP )RRC )UCP )NP . )SINV  STOP
(SINV (S (NP It )NP `` (VP may (ADVP well )ADVP (VP be '' (SBAR that (S (NP (NP theft )NP (PP of (NP business data )NP )PP )NP (VP is (NP `` (NP (ADJP as serious )ADJP a strategic threat )NP (PP to (NP national security )NP )PP '' (SBAR as (S (NP it )NP (VP is (NP (NP a threat )NP (PP to (NP (NP the survival )NP (PP of (NP *UNKED U.S. firms )NP )PP )NP )PP )NP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP )S , (VP said )VP (NP (NP *UNKC Van *UNKC )NP , (NP (NP (NP the White House 's )NP assistant director )NP (PP for (NP National Security Affairs )NP )PP )NP )NP . )SINV  STOP
(S (NP The conference )NP (VP was (ADVP jointly )ADVP (VP sponsored (PP by (NP (NP (NP the (NAC New York Institute (PP of (NP Technology )NP )PP )NAC School )NP (PP of (NP Management )NP )PP )NP and (NP (NP the *UNKED *UNKC Communications and Electronics Association )NP , (NP a joint *UNK- trade group )NP )NP )NP )PP )VP )VP . )S  STOP
(S (NP Any secret )NP (VP can (VP be (VP *UNKED (PRN , (S (NP the experts )NP (VP said )VP )S , )PRN (SBAR if (S (NP it )NP (VP is (VP *UNKED (PP over (NP the air )NP )PP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP Even rank *UNK )NP (VP can (VP do (NP it )NP (SBAR if (S (NP they )NP (VP spend (NP a few thousand dollars )NP (PP for (NP (NP (NP a (ADJP *UNKLY available )ADJP *UNK *UNK )NP (PP with (NP *UNK )NP )PP )NP and (NP a *UNKC *UNK )NP )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP They )NP (VP need (ADVP only )ADVP (S (VP (VP position (NP themselves )NP (PP near (NP (NP a company 's )NP satellite *UNK )NP )PP )VP and (VP wait )VP )VP )S )VP . )S  STOP
(S `` (S (NP You )NP (VP can (VP have (S (NP a dozen competitors )NP (VP stealing (NP your *UNK )NP )VP (PP at (NP the same time )NP )PP )S )VP )VP )S , '' (NP Mr. *UNKC )NP (VP said , (S (VP adding : `` (S (NP It )NP (VP 's (NP a (ADJP pretty good )ADJP bet (SBAR (S (NP they )NP (VP wo n't (VP get (VP caught )VP )VP )VP )S )SBAR )NP )VP )S )VP )S )VP . '' )S  STOP
(S (NP (NP The only way )NP (SBAR (S (VP to (VP catch (NP an electronic *UNK )NP )VP )VP )S )SBAR )NP (PRN , (S (NP he )NP (VP said )VP )S , )PRN (VP is (S (VP to (VP set (NP him )NP (PRT up )PRT (PP with (NP *UNK information )NP )PP )VP )VP )S )VP . )S  STOP
(S (S (SBAR Even though (S (NP electronic *UNK )NP (VP may (VP cost (NP U.S. firms )NP (NP (NP (NP billions )NP (PP of (NP dollars )NP )PP )NP (NP a year )NP )NP )VP )VP )S )SBAR , (NP most )NP (VP are n't (ADVP yet )ADVP (VP taking (NP *UNK )NP )VP )VP )S , (NP the experts )NP (VP said )VP . )S  STOP
(S (PP By (NP contrast )NP )PP , (NP European firms )NP (VP (VP will (VP spend (NP (QP $ 150 million )QP )NP (NP this year )NP (PP on (NP electronic security )NP )PP )VP )VP , and (VP are (VP expected (S (VP to (VP spend (NP (QP $ 1 billion )QP )NP (PP by (NP 1992 )NP )PP )VP )VP )S )VP )VP )VP . )S  STOP
(S (S (ADVP Already )ADVP (NP (NP many foreign firms )NP , (ADVP especially )ADVP (NP banks )NP , )NP (VP have (NP their own *UNK )NP )VP )S , (NP conference *UNK )NP (VP reported )VP . )S  STOP
(S (ADVP Still )ADVP , (S (VP *UNKING (NP corporate communications )NP )VP )S (VP is (ADVP only )ADVP (NP a partial *UNK )NP )VP . )S  STOP
(S (NP (NP One expert )NP , (SBAR (WHNP whose job )WHNP (S (VP is (ADJP (ADJP so politically sensitive )ADJP (SBAR that (S (NP he )NP (VP spoke (PP on (NP condition (SBAR that (S (NP he )NP (VP would n't (VP be (VP named or quoted )VP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )ADJP )VP )S )SBAR , )NP (VP said (SBAR (S (NP (NP the expected *UNK )NP (PP of (NP (ADJP East European )ADJP refugees )NP )PP (PP over (NP the next few years )NP )PP )NP (VP will (ADVP greatly )ADVP (VP increase (NP (NP the chances )NP (PP of (S (NP *UNK- workers )NP , (PP for (NP example )NP )PP , (VP doubling (PP as (NP foreign *UNK )NP )PP )VP )S )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Moreover )ADVP , (PRN (S (NP he )NP (VP said )VP )S )PRN , (NP (NP technology )NP )NP (ADVP now )ADVP (VP exists (PP for (S (VP stealing (NP corporate secrets )NP (SBAR after (S (NP they )NP (VP 've (VP been (VP `` *UNKED '' (PP from (NP (NP a computer 's )NP memory )NP )PP )VP )VP )VP )S )SBAR )VP )S )PP )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (SBAR that (S (NP (NP Oliver North )NP (PP of (NP Iran-Contra *UNK )NP )PP )NP (VP thought (SBAR (S (NP he )NP (VP had (VP *UNKED (NP his computer )NP )VP )VP )S )SBAR )VP )S )SBAR but (SBAR that (S (NP the information )NP (VP was (ADVP later )ADVP (VP *UNKED (SBAR for (S (NP congressional committees )NP (VP to (VP read )VP )VP )S )SBAR )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (S (NP (NP No personal computer )NP (PRN , (ADVP not even )ADVP (NP (NP the one )NP (PP on (NP (NP a chief executive 's )NP desk )NP )PP )NP , )PRN )NP (VP is (ADJP safe )ADJP )VP )S , (NP this speaker )NP (VP noted )VP . )S  STOP
(S (NP (NP W. Mark *UNKC )NP , (NP (NP president )NP (PP of (NP (NP *UNKC Inc. )NP , (NP (NP a (NAC *UNKC , Texas , )NAC firm )NP (SBAR (WHNP that )WHNP (S (VP makes (NP *UNK- products )NP )VP )S )SBAR )NP )NP )PP )NP , )NP (VP provided (NP (NP a new definition )NP (PP for (NP (NP (NP Mikhail Gorbachev 's )NP campaign )NP (PP for (NP greater *UNK )NP )PP , (VP known (ADVP *UNKLY )ADVP (PP as (NP glasnost )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(S (PP Under (NP Mr. Gorbachev )NP )PP , (PRN (S (NP Mr. *UNKC )NP (VP said )VP )S , )PRN (NP the Soviets )NP (VP are (ADVP openly )ADVP (VP stealing (NP Western corporate communications )NP )VP )VP . )S  STOP
(S (NP He )NP (VP cited (NP (NP the case )NP (PP of (NP (NP a Swiss oil trader )NP (SBAR (WHNP who )WHNP (S (ADVP recently )ADVP (VP put (PRT out )PRT (NP (NP bids )NP )NP (PP via (NP *UNK )NP )PP (PP for (NP (NP an oil *UNK )NP (SBAR (S (VP to (VP pick (PRT up )PRT (NP (NP a cargo )NP (PP of (NP crude )NP )PP )NP (PP in (NP the Middle East )NP )PP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(SINV (PP Among (NP (NP the responses )NP (SBAR (S (NP the Swiss trader )NP (VP got )VP )S )SBAR )NP )PP (VP was )VP (NP (NP one )NP (PP from (NP (NP the Soviet national shipping company )NP , (SBAR (WHNP which )WHNP (S (VP had n't (VP been (VP invited (S (VP to (VP submit (NP a bid )NP )VP )VP )S )VP )VP )VP )S )SBAR )NP )PP )NP . )SINV  STOP
(S (NP (NP The Soviets ' )NP *UNKING )NP (VP paid (PRT off )PRT , (ADVP however )ADVP , (SBAR because (S (NP they )NP (VP got (NP the contract )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The University )NP (PP of (NP Toronto )NP )PP )NP (VP stepped (ADVP deeper )ADVP (PP into (NP (NP the contest )NP (PP for (NP Connaught *UNKC Inc. )NP )PP )NP )PP (PP by (S (VP reaching (NP an unusual agreement )NP (PP with (NP (NP Ciba-Geigy Ltd. )NP and (NP Chiron Corp )NP )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP The University )NP (VP said (SBAR (S (NP the two companies )NP (VP agreed (S (VP to (VP spend (NP (NP (QP 25 million )QP Canadian dollars )NP -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )NP (PP over (NP 10 years )NP )PP (PP on (NP (NP research )NP (PP at (NP Canadian universities )NP )PP )NP )PP )VP )VP )S (SBAR if (S (NP they )NP (VP are (ADJP successful )ADJP (PP in (S (VP acquiring (NP the vaccine maker )NP )VP )S )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP said (SBAR (S (NP (QP $ 10 million )QP )NP (VP would (VP go (PP to (NP (NP the University )NP (PP of (NP Toronto )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Ciba-Geigy )NP and (NP Chiron )NP )NP (VP have (VP made (NP (NP a joint bid )NP (PP of (NP (QP C$ *UNKN million )QP )NP )PP (PP for (NP Connaught )NP )PP )NP )VP )VP )S , and (S (NP (NP *UNKC Merieux S.A. )NP (PP of (NP France )NP )PP )NP (VP has (VP made (NP (NP a rival bid )NP (PP of (NP (QP C$ *UNKN million )QP )NP )PP )NP )VP )VP )S . )S  STOP
(S (NP The University )NP (VP is (VP seeking (NP (NP an injunction )NP (PP against (NP the Merieux bid )NP )PP )NP , (S (VP arguing (SBAR that (S (NP (NP Connaught 's )NP predecessor company )NP (VP agreed (PP in (NP 1972 )NP )PP (SBAR that (S (NP (NP Connaught 's )NP ownership )NP (VP would n't (VP be (VP transferred (PP to (NP foreigners )NP )PP )VP )VP )VP )S )SBAR )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(S (NP The university )NP (VP *UNKED (SBAR that (S (NP it )NP (VP would (VP drop (NP (NP its opposition )NP (PP to (NP foreign ownership )NP )PP )NP (SBAR if (S (NP (NP Ciba-Geigy )NP and (NP Chiron )NP )NP (VP are (ADJP successful (PP with (NP their lower bid )NP )PP )ADJP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP said (SBAR (S (NP the new agreement )NP (VP would (VP `` replace '' (NP (NP the old one )NP (SBAR (WHNP that )WHNP (S (VP forms (NP (NP the basis )NP (PP of (NP (NP its suit )NP (PP against (NP the Merieux takeover )NP )PP )NP )PP )NP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (PP *UNKING (NP (NP foreign ownership )NP (PP of (NP Connaught )NP )PP )NP )PP , (NP this accord )NP (VP would (VP enhance (NP (NP research and development )NP (PP in (NP Canada )NP )PP )NP )VP )VP )S , '' (VP said )VP (NP (NP James *UNKC )NP , (NP (NP (NP the university 's )NP vice president )NP (PP of (NP research )NP )PP )NP )NP . )SINV  STOP
(S (S (NP Ciba-Geigy )NP (VP is (NP a Swiss pharmaceutical company )NP )VP )S and (S (NP Chiron )NP (VP is (VP based (PP in (NP (NP *UNKC )NP , (NP Calif )NP )NP )PP )VP )VP )S . )S  STOP
(S (PP In (NP a statement )NP )PP , (NP (NP *UNKC Martin )NP , (NP (NP director general )NP (PP of (NP Merieux )NP )PP )NP , )NP (VP said (SBAR (S (NP the French company )NP (VP is (ADVP still )ADVP (ADJP determined (S (VP to (VP acquire (NP Connaught )NP )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S (SBAR While (S (NP he )NP (VP did n't (VP comment (ADVP directly )ADVP (PP on (NP (NP the pact )NP (PP between (NP (NP Ciba-Geigy )NP and (NP the university )NP )NP )PP )NP )PP )VP )VP )S )SBAR , (NP he )NP (VP said (SBAR (S (NP Merieux )NP (VP can (VP transfer (NP new products and technologies )NP (PP to (NP Connaught )NP )PP (ADVP (ADVP more rapidly )ADVP (PP than (NP (NP other companies )NP `` (VP not (ADVP currently )ADVP producing and marketing (NP *UNK )NP )VP (SBAR -LCB- (WHNP who )WHNP -RCB- (S (VP can (ADVP only )ADVP (VP promise (NP this )NP (PP for (NP (NP some ... years )NP (PP in (NP the future )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )ADVP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (PP In (NP national over-the-counter trading )NP )PP (NP yesterday )NP , (NP Connaught )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP up (NP $ 1.25 )NP )ADVP )VP . )S  STOP
(S (NP (NP Microsoft )NP and (NP other software stocks )NP )NP (VP surged , (S (VP leading (NP (NP the Nasdaq composite index )NP (PP of (NP over-the-counter stocks )NP )PP )NP (PP to (NP (NP its biggest advance )NP (PP of (NP the year )NP )PP )NP )PP (PP on (NP *UNKING volume )NP )PP )VP )S )VP . )S  STOP
(S (S (VP Leading (NP the pack )NP )VP )S , (NP Microsoft )NP (VP soared (NP (NP (QP 3 3\/4 )QP )NP , or (NP 4 % )NP , )NP (PP to (NP (NP a record price )NP (PP of (NP (QP 84 1\/4 )QP )NP )PP )NP )PP (PP on (NP 1.2 million shares )NP )PP )VP . )S  STOP
(S (PP On (NP the other hand )NP )PP , (NP Valley National )NP (VP tumbled (NP 24 % )NP (PP after (S (VP reporting (NP a sizable third-quarter loss )NP )VP )S )PP )VP . )S  STOP
(S (NP The Nasdaq composite )NP (VP leaped (NP (NP 7.52 points )NP , or (NP 1.6 % )NP , )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP (NP Its largest previous rise )NP (NP this year )NP )NP (VP came (NP Aug. 7 )NP , (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP gained (NP *UNKN )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The OTC market 's )NP largest stocks )NP (VP soared (ADVP as well )ADVP , (SBAR as (S (NP (NP the Nasdaq 100 )NP Index )NP (VP jumped (NP (NP *UNKN )NP , or (NP 2 % )NP , )NP (PP to (NP *UNKN )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The Nasdaq Financial Index )NP (VP rose (NP (NP *UNKN )NP , or (NP 1.1 % )NP , )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (PP By (NP comparison )NP )PP , (NP (NP (NP the Dow Jones *UNKC )NP and (NP the New York Stock Exchange Composite )NP )NP (NP each )NP )NP (VP rose (NP 1.5 % )NP )VP . )S  STOP
(S (NP Volume )NP (VP totaled (NP (NP (QP *UNKN million )QP shares )NP , (PP (NP 30 % )NP above (NP (NP (NP this year 's )NP average daily turnover )NP (PP on (NP Nasdaq )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP Among (NP broader Nasdaq industry groups )NP )PP , (NP the utility index )NP (VP gained (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP (NP The transportation and insurance sectors )NP (NP each )NP )NP (VP posted (NP (NP gains )NP (PP of (NP *UNKN )NP )PP )NP , (PP with (S (S (NP the *UNK )NP (VP finishing (PP at (NP *UNKN )NP )PP )VP )S and (S (NP the insurers )NP (PP at (NP *UNKN )NP )PP )S )S )PP )VP . )S  STOP
(S (S (NP The Nasdaq industrial index )NP (VP climbed (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )VP )S , and (S (NP (NP the `` other finance '' index )NP , (VP made (PRT up )PRT (PP of (NP (NP commercial banks )NP and (NP real estate and brokerage firms )NP )NP )PP )VP , )NP (VP rose (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )VP )S . )S  STOP
(S (NP (NP The index )NP (PP of (NP smaller banks )NP )PP )NP (VP improved (NP *UNKN )NP )VP . )S  STOP
(S (PP Of (NP (NP the *UNKN issues )NP (SBAR (WHNP that )WHNP (S (VP changed (NP hands )NP )VP )S )SBAR )NP )PP , (S (NP (NP *UNKN )NP )NP (VP rose )VP )S and (S (NP (NP *UNKN )NP )NP (VP fell )VP )S . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP head )NP (PP of (NP OTC trading )NP )PP (PP at (NP Dean Witter Reynolds )NP )PP )NP , )NP (VP said (SBAR (S (NP (ADJP both institutional and retail )ADJP investors )NP (VP were (VP buying )VP )VP )S )SBAR )VP . )S  STOP
(S (S But (NP there )NP (VP was (NP (NP a *UNK )NP (PP of (NP sellers )NP )PP )NP )VP )S (PRN , (S (NP traders )NP (VP said )VP )S , )PRN so (S (NP buyers )NP (VP had (S (VP to (VP bid (NP prices )NP (ADVP up )ADVP )VP )VP )S (S (VP to (VP *UNK (NP them )NP )VP )VP )S )VP )S . )S  STOP
(SINV `` (S (NP There )NP (VP 's (NP (NP no pressure )NP (PP on (NP OTC stocks )NP )PP )NP (PP at (NP this point )NP )PP )VP )S , '' (VP said )VP (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP said (SBAR (S (NP some buyers )NP (VP are (VP beginning (S (VP to (VP shop (PP among (NP smaller OTC issues )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )NP . )SINV  STOP
(S (NP (NP Microsoft 's )NP surge )NP (VP followed (NP (NP a report )NP (NP this week )NP (PP of (NP (NP (ADJP substantially improved )ADJP earnings )NP (PP for (NP (NP its first quarter )NP , (VP ended (NP Sept. 30 )NP )VP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The stock )NP (VP was (VP trading (PP at (NP 69 )NP )PP (ADVP (NP (QP just two )QP weeks )NP ago )ADVP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP a Goldman Sachs analyst )NP , )NP (VP has (VP raised (NP (NP (NP his earnings )NP estimates )NP (PP for (NP the company )NP )PP )NP (ADVP twice )ADVP (PP in (NP the past two weeks )NP )PP , (S (VP citing (NP improved margins )NP )VP )S )VP )VP . )S  STOP
(S (SBAR After (S (NP the earnings )NP (VP were (VP announced )VP )VP )S )SBAR , (NP he )NP (VP raised (NP his fiscal 1990 estimate )NP (PP to (NP (NP (QP between $ *UNKN and $ 4 )QP )NP (NP a share )NP )NP )PP )VP . )S  STOP
(S (NP Microsoft )NP (VP earned (NP (NP $ *UNKN )NP (NP a share )NP )NP (PP in (NP fiscal 1989 )NP )PP )VP . )S  STOP
(S (PP Among (NP other software issues )NP )PP , (S (NP *UNKC )NP (VP jumped (NP (QP 1 1\/4 )QP )NP (PP to (NP 42 )NP )PP )VP )S , (S (NP Lotus Development )NP (VP was (ADJP unchanged )ADJP (PP at (NP (QP 32 1\/2 )QP )NP )PP )VP )S , (S (NP *UNKC )NP (VP jumped (NP 7\/8 )NP (PP to (NP (QP 30 3\/4 )QP )NP )PP )VP )S , (S (NP *UNKC )NP (VP gained (NP 1\/4 )NP (PP to (NP (QP 10 5\/8 )QP )NP )PP )VP )S , and (S (NP *UNKC Systems )NP (VP rose (NP 3\/4 )NP (PP to (NP (QP 25 3\/4 )QP )NP )PP )VP )S . )S  STOP
(S (NP (NP *UNKC )NP , (NP a new software issue )NP , )NP (VP surged (PP from (NP (NP its offering price )NP (PP of (NP 12 )NP )PP )NP )PP (S (VP to (VP close (PP at (NP (QP 16 1\/8 )QP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The company )NP (ADVP also )ADVP (VP makes (NP optical character recognition equipment )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP was (VP underwritten (PP by (NP Alex . Brown & Sons )NP )PP )VP )VP . )S  STOP
(S (NP (NP Another (ADJP recently offered )ADJP Alex . Brown issue )NP , (NP Rally 's )NP , )NP (VP surged (NP (QP 3 1\/8 )QP )NP (PP to (NP 23 )NP )PP )VP . )S  STOP
(S (NP (NP The operator )NP (PP of (NP fast-food restaurants )NP )PP , (SBAR (WHNP whose shares )WHNP (S (VP began (S (VP trading )VP )S (NP last Friday )NP )VP )S )SBAR , )NP (VP climbed (NP (QP 3 1\/8 )QP )NP (PP to (NP 23 )NP )PP (PP on (NP *UNKN shares )NP )PP )VP . )S  STOP
(S (NP Its (ADJP 1.7 *UNK- )ADJP offering )NP (VP was (VP priced (PP at (NP 15 )NP )PP )VP )VP . )S  STOP
(S (NP (NP (NP Valley National 's )NP slide )NP (PP of (NP (QP 5 3\/4 )QP points )NP )PP (PP to (NP (QP 18 1\/2 )QP )NP )PP (PP on (NP (QP 4.2 million )QP shares )NP )PP )NP (VP followed (NP (NP its report )NP (NP late Wednesday )NP (PP of (NP a (ADJP (QP $ *UNKN million )QP )ADJP third-quarter loss )NP )PP )NP )VP . )S  STOP
(S (PP In (NP the 1988 quarter )NP )PP , (NP the (NAC Phoenix , Ariz. , )NAC commercial banking concern )NP (VP earned (NP (QP $ *UNKN million )QP )NP )VP . )S  STOP
(S (NP Valley National )NP (VP said (SBAR (S (NP its (NX (NX (NX (ADJP (QP $ 110 million )QP )ADJP provision )NX (PP for (NP credit losses )NP )PP )NX and (NX (NX (ADJP (QP $ 11 million )QP )ADJP provision )NX (PP for (NP (NP other real estate )NP (VP owned )VP )NP )PP )NX )NX )NP (VP is (VP related (PP to (NP (NP weakness )NP (PP in (NP the Arizona real estate market )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP (NP Moody 's )NP Investors Service )NP (VP said (SBAR (S (NP it )NP (VP (VP downgraded (NP (NP Valley National 's )NP senior debt )NP )VP and (VP confirmed (NP (NP (NP the company 's )NP commercial paper rating )NP (PP of `` (ADJP not prime )ADJP )PP )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP A new issue )NP , (NP *UNKC )NP , )NP (VP surged (NP (QP 2 1\/8 )QP )NP (PP from (NP its initial offering price )NP )PP (S (VP to (VP close (PP at (NP 12 1\/8 )NP )PP )VP )VP )S )VP . )S  STOP
(S (S (NP The offering )NP (VP was (PP for (NP (NP (QP about 2.8 million )QP shares )NP (PP of (NP the data storage equipment maker )NP )PP )NP )PP )VP )S ; (S (NP (NP (QP more than 2.2 million )QP shares )NP )NP (VP changed (NP hands )NP (SBAR after (S (NP trading )NP (VP began )VP )S )SBAR )VP )S . )S  STOP
(S (NP *UNKC Computer )NP (VP dropped (NP 7\/8 )NP (PP to (NP 6 )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP (NP earnings )NP (PP for (NP (NP the year )NP (VP ending (NP Jan. 28 , 1990 , )NP )VP )NP )PP )NP (VP are (VP expected (S (VP to (VP be (NP (NP (QP 25 to 35 )QP cents )NP (NP a share )NP )NP )VP )VP )S , (PP compared (PP with (NP (NP a previous estimate )NP (PP of (NP (NP (QP 50 to 60 )QP cents )NP (NP a share )NP )NP )PP )NP )PP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Industries )NP (VP lost (NP (QP 1 3\/4 )QP )NP (PP to (NP 14 )NP )PP )VP . )S  STOP
(S (NP (NP Raymond James & Associates )NP (PP in (NP (NP St. *UNKC )NP , (NP Fla. )NP , )NP )PP )NP (VP lowered (NP (NP (NP its third-quarter earnings )NP estimate )NP (PP for (NP the company )NP )PP )NP , (PP according (PP to (NP Dow Jones Professional Investor Report )NP )PP )PP )VP . )S  STOP
(S (NP A.P. Green Industries )NP (VP advanced (NP (QP 1 5\/8 )QP )NP (PP to (NP (QP 36 1\/8 )QP )NP )PP )VP . )S  STOP
(S (NP (NP East Rock Partners )NP , (SBAR (WHNP which )WHNP (S (VP has (VP indicated (SBAR (S (NP it )NP (VP might (VP make (NP (NP a bid )NP (PP for (NP the company )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )SBAR , )NP (VP said (SBAR (S (NP (NP A.P. Green )NP , (NP a *UNK products maker )NP , )NP (VP told (NP the partnership )NP (SBAR (S (NP it )NP (VP is n't (PP for (NP sale )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC 21 )NP (PP of (NP (NP Section 9 )NP (PP of (NP (NP the *UNKC *UNKED )NP (PP at (NP Candlestick Park )NP )PP )NP )PP )NP )PP )NP (VP is (NP (NP a *UNK *UNK )NP , (NP (NP only a few steps )NP (PP from (NP (NP the very top )NP (PP of (NP the stands )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (PP From (NP my *UNK seat )NP )PP , (NP I )NP (VP looked (PP over (NP (NP the *UNK- line )NP and (NP the *UNK- ball field )NP )NP )PP (PP in (NP (NP the warm sun )NP (PP of (NP (NP the last few minutes )NP (PP before (SBAR (WHNP what )WHNP (S (VP was (S (VP to (VP have (VP been (NP (NP the third game )NP (PP of (NP the World Series )NP )PP )NP )VP )VP )VP )S )VP )S )SBAR )PP )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP It )NP (VP was (NP (NP five )NP (PP in (NP the afternoon )NP )PP )NP )VP )S , but (S (NP that )NP (VP was (NP Pacific time )NP )VP )S . )S  STOP
(S (S (ADVP Back (PP in (NP New York )NP )PP )ADVP (NP the work day )NP (VP was (ADVP already over )ADVP )VP )S , so (S (NP I )NP (VP did n't (VP have (S (VP to (VP feel (ADJP guilty )ADJP )VP )VP )S )VP )VP )S . )S  STOP
(S (ADVP Even still )ADVP , (S (NP I )NP (VP did (VP feel (ADJP *UNK- )ADJP )VP )VP )S , and (S (NP I )NP (VP could n't (VP help (S (VP *UNKING (NP (NP (NP my father 's )NP *UNK )NP (PP for (NP (NP a rich medical *UNK )NP (SBAR (WHNP who )WHNP (S (VP would (VP go (S (VP to (VP watch (NP the *UNKC )NP (PP on (NP summer *UNK )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP )VP )S )VP )VP )S . )S  STOP
(S (S (NP (NP This *UNK )NP , (NP the *UNKC )NP , )NP (VP was not (NP a classic baseball stadium )NP )VP )S -- (FRAG (ADJP too *UNK )ADJP , (NP (ADJP too much )ADJP *UNK concrete )NP )FRAG . )S  STOP
(S And (NP it )NP (VP did n't (VP have (NP (NP the crowded wild *UNK )NP (PP of (NP *UNKC Stadium )NP )PP )NP )VP )VP . )S  STOP
(S But (NP I )NP (VP (VP *UNKED (NP (NP the easy *UNK )NP (PP of (NP (NP the people )NP (PP around (NP me )NP )PP )NP )PP )NP )VP , (VP *UNKED (NP it )NP (SBAR that (S (NP they )NP (VP 'd (VP brought (NP their children )NP )VP )VP )S )SBAR )VP , (VP found (S (NP (NP it )NP )NP (ADJP *UNKING )ADJP (SBAR that , (S (S (NP (NP true citizens )NP (PP of (NP (NP the state )NP (PP of (NP the future )NP )PP )NP )PP )NP )S , (NP they )NP (VP had (VP brought (NP (ADJP so many )ADJP TVs and *UNK )NP (S (VP to (VP stay (PP in (NP (NP touch )NP (PP with (NP *UNK )NP )PP )NP )PP (PP at (NP a live event )NP )PP )VP )VP )S )VP )VP )S )SBAR )S )VP )VP . )S  STOP
(S (ADVP Maybe )ADVP (NP it )NP (VP was (NP (NP their *UNK sense )NP (PP of (NP history )NP )PP )NP )VP . )S  STOP
(S (NP The *UNK )NP (VP were , (PP after (NP all )NP )PP , (VP (VP *UNKING (NP the game )NP )VP , (VP *UNKING (NP its *UNK )NP (PP for (NP (NP millions )NP (PP outside (NP the *UNKC )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(FRAG (WHADVP Why )WHADVP not (VP watch or hear (S (NP your experience )NP (VP *UNKED )VP )S (SBAR while (S (NP you )NP (VP were (VP living (NP it )NP )VP )VP )S )SBAR )VP ? )FRAG  STOP
(S (NP The day )NP (VP was (VP *UNKED (PP with (NP (NP the weight )NP (PP of (NP its own impending history )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Long lines )NP (PP of (NP people )NP )PP )NP (VP waited (S (VP to (VP buy (NP (NP special *UNK World Series *UNK )NP (PP with (NP official *UNK )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP us )NP )PP )NP (VP had (VP paid (NP $ 5 )NP (PP for (NP (NP the official *UNK book )NP (PP with (NP (NP (NP its historical *UNK )NP (PP on (NP Series *UNK )NP )PP )NP , (NP (NP its historical *UNK )NP (PP of (NP (NP great moments )NP (PP in (NP Series past )NP )PP )NP )PP )NP , and (NP (NP its instructions )NP , (PP in (NP English and Spanish )NP )PP , (PP for (S (VP filling (PRT in )PRT (NP the *UNK )NP )VP )S )PP )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP *UNK (NP *UNK )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP *UNK (NP *UNK )NP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP ran (ADVP out (PP on (NP (NP the field )NP (ADVP way below )ADVP )NP )PP )ADVP )VP )S , and (S (NP the stands )NP (VP began (S (VP to (VP *UNK )VP )VP )S )VP )S . )S  STOP
(S (NP It )NP (VP must (VP be (NP (NP a local *UNK )NP )NP (PRN , (S (NP I )NP (VP thought )VP )S , )PRN (S (VP *UNKING (NP feet )NP (S (VP to (VP welcome (NP the team )NP )VP )VP )S )VP )S )VP )VP . )S  STOP
(S But (ADVP then )ADVP (NP the *UNK )NP (VP turned (PP into (NP a *UNK )NP )PP )VP . )S  STOP
(S And (NP no one )NP (VP was (VP *UNKING )VP )VP . )S  STOP
(S (NP (NP No one )NP (PP around (NP me )NP )PP )NP (VP was (VP saying (NP anything )NP )VP )VP . )S  STOP
(SBAR Because (S (NP (NP we )NP (NP all )NP )NP (VP were (ADJP busy (S (VP riding (NP a wave )NP )VP )S )ADJP )VP . )S )SBAR  STOP
(S (NP (NP (QP *UNKC thousand )QP *UNK )NP (PP *UNK (NP a concrete wall )NP )PP )NP , (VP waiting (PP for (NP the *UNK )NP )PP )VP . )S  STOP
(SINV (PP (ADVP Only )ADVP at (NP (NP the moment )NP (PP of (NP maximum roll )NP )PP )NP )PP did (NP I )NP (VP *UNK (SBAR (WHNP what )WHNP (S (VP was (VP going (PRT on )PRT )VP )VP )S )SBAR )VP . )SINV  STOP
(S (ADVP Then )ADVP (NP I )NP (VP *UNKED (NP (NP the quake )NP (PP of (NP *UNK )NP )PP , (SBAR (WHNP which )WHNP (S (NP I )NP (VP experienced (PP in (NP Santa Barbara )NP )PP (PP in (NP a *UNK- *UNK room )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP (NP the *UNKING )NP (PP of (NP the building )NP )PP )NP (VP *UNK (NP me )NP (PRT up )PRT )VP )S )SBAR , (NP I )NP (VP *UNKED (SBAR that (S (S (LST a -RRB- )LST (NP I )NP (VP was (PP in (NP Southern California )NP )PP )VP )S ; (S (LST b -RRB- )LST (NP the bed )NP (VP was (VP moving )VP )VP )S ; (S (LST c -RRB- )LST (NP it )NP (VP must (VP be (NP (NP a *UNKC *UNKC bed )NP (SBAR (WHNP that )WHNP (S (VP had (VP *UNKED )VP )VP )S )SBAR )NP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (ADVP Then )ADVP (NP I )NP (VP (VP noticed (SBAR (S (NP the overhead light )NP (VP was (VP *UNKING (PP on (NP its *UNK )NP )PP )VP )VP )S )SBAR )VP and (VP realized (SBAR (WHNP what )WHNP (S (VP had (VP happened )VP )VP )S )SBAR )VP )VP . )S  STOP
(SBARQ (WHNP What )WHNP (SQ should (NP I )NP (VP do )VP )SQ ? )SBARQ  STOP
(S (VP *UNKC (PP out (PP of (NP the (ADJP possibly *UNKING )ADJP building )NP )PP )PP (PP to (NP the parking lot )NP )PP )VP . )S  STOP
(S But (S (NP the lot )NP (VP might (VP split (PP into (NP *UNK )NP )PP )VP )VP )S , so (S (NP I )NP (VP had (ADVP better )ADVP (VP stand (PP on (NP (NP my car )NP , (SBAR (WHNP which )WHNP (S (ADVP probably )ADVP (VP was (ADJP (ADJP wider )ADJP (PP than (NP the average *UNK )NP )PP )ADJP )VP )S )SBAR )NP )PP )VP )VP )S . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP the quake )NP (VP was (ADVP over )ADVP (SBAR before (S (NP I )NP (VP managed (S (VP to (VP (VP run (ADVP out )ADVP )VP and (VP stand (S (ADJP *UNKED )ADJP )S (PP on (NP the *UNK )NP )PP )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP At (NP the *UNKC )NP )PP , (SBAR while (S (NP the world )NP (VP shook )VP )S )SBAR , (S (NP I )NP (VP thought (PP of (NP that morning )NP )PP )VP )S and (ADVP then )ADVP (S (NP (NP it )NP )NP (VP struck (NP me )NP (SBAR that (S (NP this time )NP (VP was (ADJP different )ADJP )VP )S )SBAR )VP )S . )S  STOP
(S (SBAR If (S (NP I )NP (VP survived )VP )S )SBAR , (NP I )NP (VP would (VP have (VP achieved (NP (NP every *UNK 's )NP highest wish )NP )VP )VP )VP . )S  STOP
(S (NP I )NP (VP was (NP (NP an *UNK )NP (PP of (NP (NP the (ADJP most *UNK )ADJP event )NP (PP on (NP the planet )NP )PP (PP at (NP that moment )NP )PP )NP )PP )NP )VP . )S  STOP
(SBARQ (WHNP What )WHNP (SQ (VP was (NP my *UNK )NP )VP )SQ ? )SBARQ  STOP
(SBARQ (WHADVP How )WHADVP (SQ would (NP I )NP (VP file )VP )SQ ? )SBARQ  STOP
(S (NP All these *UNK )NP (VP *UNKED (PP through (NP my head )NP )PP (PP in (NP (NP the 15 seconds )NP (PP of (NP (NP the earthquake 's )NP actual *UNK )NP )PP )NP )PP )VP . )S  STOP
(S (NP The rest )NP (VP is , (PP of (NP course )NP )PP , (NP history )NP )VP . )S  STOP
(S (NP The *UNKC )NP (VP did n't (VP fall )VP )VP . )S  STOP
(S (NP The real *UNK )NP (VP occurred (ADVP elsewhere )ADVP , (SBAR as (S (NP we )NP (ADVP soon )ADVP (VP found (PP out )PP )VP )S )SBAR )VP . )S  STOP
(S But (PP for (NP a few minutes )NP )PP (ADVP there )ADVP , (NP relief )NP (VP *UNKED )VP . )S  STOP
(S (NP A young mother )NP (VP found (NP (NP her boy )NP , (SBAR (WHNP who )WHNP (S (VP had (VP been (ADVP out )ADVP (S (VP buying (NP a *UNK )NP )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP (NP The wall )NP (PP behind (NP me )NP )PP )NP (VP was (ADJP slightly *UNKED )ADJP )VP )S , but (S (NP the center )NP (VP had (VP held )VP )VP )S . )S  STOP
(S And (NP (NP most )NP (PP of (NP us )NP )PP )NP (VP waited (PP for (NP a while )NP )PP (SBAR for (S (NP the game )NP (VP to (VP start )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Then )ADVP (NP we )NP (VP began (S (VP to (VP file (ADVP out )ADVP )VP )VP )S , (S (VP to (VP wait (ADVP *UNKLY )ADVP (PP on (NP *UNK *UNK )NP )PP (PP for (NP the opening pitch )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP It )NP (VP was (PP during (NP (NP the quiet exodus )NP (PP down (NP (NP the *UNK concrete *UNK )NP (PP of (NP the Stick )NP )PP )NP )PP )NP )PP (SBAR (WHADVP that )WHADVP (S (NP I )NP (ADVP really )ADVP (VP understood (NP (NP the point )NP (PP of (NP all those *UNKC and *UNKC )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The crowd )NP (VP moved (PP in (NP (NP *UNK )NP , (NP (NP *UNK )NP (VP *UNKED (PP around (NP an electronic *UNK )NP )PP )VP )NP )NP )PP )VP . )S  STOP
(S (PP In (NP this way )NP )PP , (SBAR while (S (NP (NP the Stick )NP (NP itself )NP )NP (VP was (VP *UNKED (PRT out )PRT )VP )VP )S )SBAR , (NP we )NP (VP kept (PP up (PP to (NP date )NP )PP )PP (PP on (NP events )NP )PP )VP . )S  STOP
(S (PP Within (NP (NP 15 minutes )NP (PP of (NP (NP the quake )NP (NP itself )NP )NP )PP )NP )PP , (NP I )NP (VP was (ADJP able (S (VP to (VP see (NP (NP pictures )NP (PP of (NP (NP the collapsed section )NP (PP of (NP the Bay Bridge )NP )PP )NP )PP )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP (NP (ADJP *UNKLY accurate )ADJP estimates )NP (PP of (NP (NP the *UNK )NP (PP of (NP the quake )NP )PP )NP )PP )NP (VP became (ADJP available )ADJP (SBAR before (S (NP I )NP (VP got (PP to (NP my car )NP )PP )VP )S )SBAR )VP . )S  STOP
(S And (PP by (ADVP then )ADVP )PP , (NP expensive automobile sound systems )NP (VP were (VP keeping (S (NP (NP the *UNKED parking lot )NP (PP by (NP the bay )NP )PP )NP (ADJP informed (PP about (NP (NP the fire )NP (VP causing (NP (NP the big black *UNK )NP (PP of (NP smoke )NP )PP (SBAR (S (NP we )NP (VP saw (PP on (NP the northern horizon )NP )PP )VP )S )SBAR )NP )VP )NP )PP )ADJP )S )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP fell )VP . )S  STOP
(S But (NP the *UNK )NP (VP continued (PP through (NP the *UNK- night )NP )PP , (PP with (NP (NP pictures )NP (PP of (NP (NP (NP the *UNKED highway *UNK )NP (PP in (NP Oakland )NP )PP )NP and (NP (NP *UNKING )NP (PP in (NP the Marina district )NP )PP )NP )NP )PP )NP )PP )VP . )S  STOP
(S (PP By (ADVP then )ADVP )PP , (NP (NP our little sand *UNK )NP (PP of (NP cars )NP )PP )NP (VP had (VP been (VP linked (PP with (NP (NP a global village )NP (PP of (NP *UNK and viewers )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP Everyone )NP (RRC (PP at (NP the Stick )NP )PP (NP that day )NP )RRC )NP (VP had (VP (VP started (PRT out )PRT (PP as (NP a *UNK )NP )PP )VP and (VP ended (PRT up )PRT (PP as (NP a *UNK )NP )PP )VP )VP )VP . )S  STOP
(S (PP In (NP fact )NP )PP , (NP (NP the entire population )NP (PP of (NP the Bay Area )NP )PP )NP (VP had (VP ended (PRT up )PRT (PP with (NP (NP this dual role )NP (PP of (NP actor and audience )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP The reporters )NP (VP were (NP victims )NP )VP )S and (S (NP (NP some )NP (PP of (NP the victims )NP )PP )NP (VP turned (PP into (NP *UNK reporters )NP )PP )VP )S . )S  STOP
(S (NP (NP The outstanding example )NP (PP of (NP this )NP )PP )NP (VP was (NP (NP the *UNK )NP (PP on (NP the Bay Bridge )NP )PP (SBAR (WHNP who )WHNP (S (VP had (NP (NP the presence )NP (PP of (NP mind )NP )PP (SBAR (S (VP to (VP (VP take (PRT out )PRT (NP a video camera )NP (PP at (NP the (ADJP absolutely crucial )ADJP moment )NP )PP )VP and (VP record (NP (NP the car )NP (PP in (NP front )NP )PP )NP (SBAR as (S (NP it )NP (VP fell (PP into (NP (NP the gap )NP (PP in (NP the *UNK )NP )PP )NP )PP )VP )S )SBAR )VP )VP )VP )S )SBAR )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The tape )NP (VP was (PP on (NP *UNK )NP )PP (SBAR before (S (NP the night )NP (VP was (ADVP out )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP Marshall *UNKC )NP , (NP you )NP (VP should (VP have (VP been (ADVP there )ADVP (PP at (NP that hour )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP Investors )NP (SBAR (WHNP who )WHNP (S (VP received (NP (NP Shearson Lehman Hutton Inc. 's )NP latest stock *UNK )NP )VP )S )SBAR )NP (VP may (VP be (VP left (PP with (NP blank *UNK )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP The first 10 pages )NP (PP of (NP the *UNK- *UNKLY Portfolio Perspective )NP )PP )NP (VP are (ADJP completely blank )ADJP , (PP except (PP for (NP the page numbers )NP )PP )PP )VP . )S  STOP
(S (ADVP Rather (PP than (NP printing *UNK )NP )PP )ADVP , (NP Shearson )NP (VP puts (NP all the blame )NP (PP on (NP the *UNK stock market )NP )PP )VP . )S  STOP
(S (NP The plunge )NP (VP made (S (NP (NP Shearson 's )NP market *UNK )NP (ADVP *UNKLY )ADVP (PP out (PP of (NP date )NP )PP )PP )S )VP . )S  STOP
(S (PP In (NP fact )NP )PP , (NP (NP (NP last Friday 's )NP *UNK- tumble )NP (PP in (NP the stock market )NP )PP )NP (VP caught (NP many people and businesses )NP (PP by (NP surprise )NP )PP , (S (NP (NP not the least )NP (PP of (NP them )NP )PP )NP (NP (NP brokerage firms )NP (PP such as (NP (NP Shearson )NP (SBAR (WHNP that )WHNP (S (VP print (NP their weekly market *UNK )NP (PP on (NP *UNKC )NP )PP (PP for (NP (NP *UNK )NP (NP the following week )NP )NP )PP )VP )S )SBAR )NP )PP )NP )S )VP . )S  STOP
(S (S (NP (NP Shearson )NP , (NP (NP a *UNKED unit )NP (PP of (NP American Express Co. )NP )PP )NP , )NP (VP did n't (VP have (NP (NP enough time )NP (SBAR (S (VP to (VP *UNK (NP its market commentary )NP )VP )VP )S )SBAR )NP )VP )VP )S so , `` (S (NP We )NP (VP decided (S (VP to (VP kill (NP our strategy pieces )NP )VP )VP )S )VP )S , '' (PRN (SINV (VP says )VP (NP (NP Jack *UNKC )NP , (NP (NP the head )NP (PP of (NP (NP Shearson 's )NP research department )NP )PP )NP )NP )SINV )PRN . )S  STOP
(S (S (NP (NP The first thought )NP (SBAR (S (NP some investors )NP (VP had )VP )S )SBAR )NP (VP was (SBAR that (S (NP a *UNKED Shearson )NP (VP must (VP have (VP been (ADJP wildly bullish (PP on (NP stocks )NP )PP )ADJP (PP in (NP its original commentary )NP )PP )VP )VP )VP )S )SBAR )VP )S , and (S (NP that )NP (VP 's (SBAR (WHADVP why )WHADVP (S (NP it )NP (VP *UNKED (NP its pages )NP )VP )S )SBAR )VP )S . )S  STOP
(S (NP Investors )NP (VP recalled (SBAR that (S (NP Shearson )NP (NP last week )NP (VP had (VP been (VP advising (SBAR that `` (S (NP the market )NP (VP is (ADVP still )ADVP (VP *UNKING (NP (NP all the signs )NP (PP of (NP a further advance )NP )PP )NP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Many other brokerage firms )NP (VP had (NP (ADJP *UNKLY bullish )ADJP views )NP )VP . )S  STOP
(S But (NP Mr. *UNKC )NP (VP insists (SBAR that (S (NP the 10 pages )NP (VP were n't (VP pulled (SBAR because (S (NP they )NP (VP were (ADJP too bullish )ADJP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Instead )ADVP , (PRN (S (NP he )NP (VP says )VP )S , )PRN `` (S (NP they )NP (VP were (ADJP cautious )ADJP )VP )S , and (S (NP that )NP (VP was n't (NP (NP the message )NP (SBAR (S (NP we )NP (VP wanted (S (VP to (VP deliver )VP )VP )S )VP )S )SBAR )NP '' (PP on (NP Monday )NP )PP )VP )S . )S  STOP
(S (SBAR As (S (NP Mr. *UNKC )NP (VP explains (NP it )NP )VP )S )SBAR , `` (NP We )NP (VP were (VP raising (NP (NP (NP some caution *UNK )NP (PP about (NP (NP rate rises )NP (PP in (NP Europe )NP )PP )NP )PP )NP and (NP (NP concerns )NP (PP about (NP the LBO market )NP )PP )NP )NP )VP )VP . )S  STOP
(S And (PP by (NP late Friday afternoon )NP )PP , (ADVP actually )ADVP (PP after (NP the close )NP )PP , (NP we )NP (VP decided (SBAR (S (NP that )NP (VP was (NP (NP the wrong tone )NP (SBAR (S (VP to (VP take )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (SBAR With (S (NP the market )NP (ADVP down )ADVP )S )SBAR , (NP we )NP (VP wanted (S (VP to (VP tell (NP people )NP (S (VP to (VP put (NP their orders )NP (PRT in )PRT (PP on (NP the opening )NP )PP )VP )VP )S )VP )VP )S )VP . '' )S  STOP
(S (PP Both before and after (NP the Friday plunge )NP )PP , (NP Shearson )NP (VP has (VP maintained (NP (NP a recommended portfolio *UNKING )NP (PP of (NP (NP (ADJP 65 % )ADJP stocks )NP , (NP (ADJP 20 % )ADJP bonds )NP and (NP (ADJP 15 % )ADJP cash )NP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP (NP *UNKC B. *UNKC )NP , (NP (NP chairman )NP (PP of (NP *UNKC & Co. )NP )PP )NP , )NP and (NP (NP John L. Murray )NP , (NP (NP chairman )NP (PP of (NP Universal Foods Corp. )NP )PP )NP , )NP )NP (VP were (VP elected (PP to (NP (NP the board )NP (PP of (NP this engine maker )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP They )NP (VP succeed (NP (NP (NP Robert W. *UNKC )NP and (NP John R. Parker )NP )NP , (SBAR (WHNP who )WHNP (S (VP reached (NP the mandatory retirement age )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP (NP China 's )NP slide )NP (PP toward (NP recession )NP )PP )NP (VP is (VP beginning (S (VP to (VP look (PP like (NP a free fall )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (PP In (NP (NP a report )NP (PP on (NP (NP China 's )NP *UNKING economy )NP )PP )NP )PP , (NP the official State *UNKC Bureau )NP (VP disclosed (SBAR that (S (NP (NP industrial output )NP (NP last month )NP )NP (VP (VP rose (NP 0.9 % )NP (PP from (ADVP (NP a year )NP earlier )ADVP )PP )VP - (NP (NP the lowest growth rate )NP (PP in (NP a decade )NP )PP (PP for (NP September )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC sales )NP (VP are (VP *UNKING , (SBAR while (S (NP consumer prices )NP (ADVP still )ADVP (VP are (VP rising )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (ADJP Chinese and foreign )ADJP economists )NP (ADVP now )ADVP (VP predict (NP (NP prolonged *UNK )NP : (NP (NP low growth )NP and (NP high inflation )NP )NP )NP )VP . )S  STOP
(SINV `` (S (NP The economy )NP (VP is (VP *UNKING (ADVP hard )ADVP )VP )VP )S , '' (VP says )VP (NP (NP an Asian economist )NP (PP in (NP Beijing )NP )PP )NP . )SINV  STOP
(S `` (NP The slowdown )NP (VP is (VP taking (NP hold )NP (ADVP (ADVP (NP a lot )NP more quickly and *UNKLY )ADVP (SBAR than (S (NP anyone )NP (VP had (VP expected )VP )VP )S )SBAR )ADVP )VP )VP . '' )S  STOP
(S (NP A lengthy recession )NP , (SBAR if (S (NP it )NP (VP *UNK )VP )S )SBAR , (VP would (VP (VP drain (NP state *UNK )NP )VP and (VP create (NP (NP severe *UNK )NP (PP for (NP urban workers )NP )PP )NP )VP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP predict (SBAR (S (NP the coming year )NP (VP will (VP be (VP characterized (PP by (NP (NP (ADJP flat or negative )ADJP industrial growth )NP , (NP rising unemployment )NP and (NP a widening budget deficit )NP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Unless (S (NP the government )NP (ADVP suddenly )ADVP (VP *UNK (NP course )NP )VP )S )SBAR , (NP (NP wages )NP (PP for (NP most workers )NP )PP )NP (VP wo n't (VP keep (NP pace )NP (PP with (NP inflation )NP )PP , (S (VP creating (NP (NP a potential source )NP (PP of (NP urban *UNK )NP )PP )NP )VP )S )VP )VP . )S  STOP
(S (NP (NP The economy 's )NP slowdown )NP (VP is (ADJP due (ADVP only partly )ADVP (PP to (NP (NP the *UNK program )NP (VP launched (PP in (NP September 1988 )NP )PP (S (VP to (VP (VP cool (NP an *UNKED economy )NP )VP and (VP *UNK (NP inflation )NP )VP )VP )VP )S )VP )NP )PP )ADJP )VP . )S  STOP
(S -LRB- (NP Industrial output )NP (VP surged (NP 21 % )NP (PP in (NP 1988 )NP )PP , (SBAR while (S (NP inflation )NP (VP peaked (NP last February )NP (PP at (NP nearly 30 % )NP )PP )VP )S )SBAR )VP . -RRB- )S  STOP
(S (NP The slowdown )NP (ADVP also )ADVP (VP results (PP from (NP (NP *UNK (UCP energy and *UNK- )UCP shortages )NP (SBAR (WHNP that )WHNP (S (VP force (S (NP many factories )NP (VP to (VP restrict (NP operations )NP (PP to (NP (NP (QP two or three )QP days )NP (NP a week )NP )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP In (NP Western , *UNK- countries )NP )PP , (NP recessions )NP (ADVP often )ADVP (VP have (NP (NP a bright side )NP : (S (VP *UNKING (NP the economy )NP (PP to (NP greater efficiency )NP )PP )VP )S )NP )VP . )S  STOP
(S (PP In (NP China )NP )PP , (ADVP however )ADVP , (NP there )NP (VP is n't (ADJP likely (S (VP to (VP be (NP any silver *UNKING )NP )VP )VP )S )ADJP (SBAR because (S (NP the economy )NP (VP remains (VP *UNKED (ADVP primarily )ADVP (PP by (NP the state )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Instead )ADVP , (NP China )NP (VP is (ADJP likely (S (VP to (VP shell (PRT out )PRT (NP *UNK- subsidies )NP (PP to (NP (NP its *UNKED *UNK- enterprises )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (PRT up )PRT (NP (NP (QP $ 18 billion )QP )NP (PP in (NP *UNK )NP )PP )NP (NP last year )NP )VP )S )SBAR )NP )PP )VP )VP )S )ADJP )VP . )S  STOP
(SINV Nor are (NP (NP any )NP (PP of (NP these inefficient *UNK )NP )PP )NP (ADJP likely (S (VP to (VP be (VP allowed (S (VP to (VP go (ADJP *UNK )ADJP )VP )VP )S )VP )VP )VP )S )ADJP . )SINV  STOP
(S (ADVP Rather )ADVP , (NP (NP the *UNK )NP (PP of (NP the slowdown )NP )PP )NP (VP will (VP be (VP felt (PP in (NP (NP the fast-growing (ADJP private and *UNK- )ADJP `` *UNK '' enterprises )NP , (SBAR (WHNP which )WHNP (S (VP have (VP fallen (PP into (NP *UNK )NP )PP (SBAR as (S (NP (NP China 's )NP leaders )NP (VP *UNK- (NP (NP an *UNK *UNKC preference )NP (PP for (NP public ownership )NP )PP )NP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(SINV `` (S (SBAR (WHADVP When )WHADVP (S (NP the going )NP (VP gets (ADJP rough )ADJP )VP )S )SBAR , (NP China )NP (VP (VP *UNK (NP the efficient )NP )VP and (VP rewards (NP the *UNK )NP )VP )VP )S , '' (VP says )VP (NP a Western economist )NP . )SINV  STOP
(S (NP (NP Reports )NP (PP of (NP (NP an economy )NP (PP near (NP recession )NP )PP )NP )PP )NP (VP come (SBAR as (S (NP officials )NP (VP prepare (NP a major Communist Party *UNK )NP (PP for (NP (NP sometime )NP (PP in (NP the next few weeks )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The meeting )NP (VP is (VP expected (S (VP to (VP call (PP for (NP (NP *UNKED *UNK )NP (PP for (NP two years )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S But (SBAR with (S (S (NP industrial growth )NP (ADJP *UNK )ADJP )S and (S (NP inflation )NP (VP showing (NP (NP signs )NP (PP of (NP easing )NP )PP )NP )VP )S )S )SBAR , (NP some voices )NP (VP may (VP call (PP for (NP (NP measures )NP (SBAR (S (VP to (VP pump (NP new life )NP (PP into (NP the economy )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP Some analysts )NP (VP believe (SBAR (S (NP China )NP (ADVP soon )ADVP (VP will (VP begin (S (VP *UNKING (NP economic controls )NP , (PP (ADVP particularly )ADVP by (S (VP *UNKING (NP credit )NP )VP )S )PP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP would (VP benefit (NP (NP (NP Chinese enterprises )NP (CONJP as well as )CONJP (NP *UNKC joint ventures )NP )NP , (SBAR (WHNP (WHNP both )WHNP (WHPP of (WHNP which )WHNP )WHPP )WHNP (S (VP have (VP been (VP plagued (PP by (NP (NP shortages )NP (PP of (NP working capital )NP )PP )NP )PP )VP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP A dangerous buildup )NP (NP this year )NP (PP of (NP (NP billions )NP (PP of (NP dollars )NP )PP (PP in (NP *UNK- debts )NP )PP )NP )PP )NP (VP threatens , (SBAR if (S (ADJP *UNKED )ADJP )S )SBAR , (S (VP to (VP bring (NP the economy )NP (PP to (NP a collapse )NP )PP )VP )VP )S )VP . )S  STOP
(S (S (NP (NP One sign )NP (PP of (NP (NP a possible easing )NP (PP of (NP credit policy )NP )PP )NP )PP )NP (VP was (NP (NP the decision )NP (NP this week )NP (PP of (NP (NP (NP (NP People 's )NP Bank )NP (PP of (NP China )NP )PP )NP , (NP the central bank )NP , )NP )PP (S (VP to (VP *UNK (NP (NP (QP $ 5.4 billion )QP )NP (PP in (NP short-term loans )NP )PP )NP (S (VP to (VP pay (NP farmers )NP (PP for (NP the autumn harvest )NP )PP )VP )VP )S )VP )VP )S )NP )VP )S , (NP the official China Daily )NP (VP reported )VP . )S  STOP
(S But (SBAR while (S (S (VP *UNKING (NP more money )NP (PP into (NP the economy )NP )PP )VP )S (VP would (VP bring (NP relief )NP (PP to (NP many industries )NP )PP )VP )VP )S )SBAR , (NP it )NP (ADVP also )ADVP (VP runs (NP (NP the risk )NP (PP of (S (VP *UNKING (NP (NP another period )NP (PP of (NP (NP *UNK growth )NP and (NP steep inflation )NP )NP )PP )NP )VP )S )PP )NP )VP . )S  STOP
(S (NP The cycle )NP (VP has (VP been (VP repeated (NP several times )NP (SBAR since (S (NP China )NP (VP began (S (VP *UNKING (NP its planned economy )NP )VP )S (PP in (NP 1979 )NP )PP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (S And , (SBAR because (S (NP (NP China 's )NP leaders )NP (VP have (VP abandoned (NP plans (S (VP to (ADVP *UNKLY )ADVP (VP reform (NP the economy )NP )VP )VP )S )NP )VP )VP )S )SBAR , (NP it )NP (VP is (ADJP likely (S (VP to (VP continue )VP )VP )S )ADJP )VP )S , (NP analysts )NP (VP say )VP . )S  STOP
(S (NP (NP (NP The statistical bureau 's )NP report )NP , (VP cited (PP in (NP China Daily )NP )PP )VP , )NP (VP notes (SBAR that (S (NP (NP industrial output )NP (PP in (NP September )NP )PP )NP (VP (NP totaled (NP (QP $ *UNKN billion )QP )NP )NP , (NP (NP a rise )NP (PP of (NP (QP just 0.9 )QP % )NP )PP (PP from (ADVP (NP a year )NP earlier )ADVP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP declined (PP in (NP (NP several *UNK )NP , (PP including (NP (NP (NP *UNKC and *UNKC )NP , (NP two key *UNK areas )NP , )NP and (NP (NP *UNKC )NP , (NP (NP the nation 's )NP agricultural *UNK )NP )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Production )NP (PP in (NP (NP *UNKC )NP , (NP (NP (NP China 's )NP industrial *UNK )NP and (NP (NP the largest source )NP (PP of (NP tax revenue )NP )PP (PP for (NP the central government )NP )PP )NP )NP , )NP )PP )NP (VP fell (NP 1.8 % )NP (PP for (NP the month )NP )PP )VP . )S  STOP
(S (S (ADVP *UNKC )ADVP , (NP (NP output )NP (PP of (NP light industrial products )NP )PP )NP (VP (VP declined (NP 1.8 % )NP )VP -- `` (NP (NP the first decline )NP (PP in (NP 10 years )NP )PP )NP )VP )S , '' (NP a bureau spokesman )NP (VP told (NP China Daily )NP )VP . )S  STOP
(S (PP In (NP an (ADJP unusually direct )ADJP statement )NP )PP , (NP the bureau spokesman )NP (VP recommended (SBAR that (S (NP state banks )NP (VP extend (NP more credit )NP (PP to (NP *UNK )NP )PP (SBAR so that (S (NP they )NP (VP can (VP purchase (NP (NP manufacturers ' )NP goods )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP This )NP (VP will (VP prevent (NP (NP a slide )NP (PP in (NP industrial production )NP )PP , (SBAR (WHNP which )WHNP (S (VP will (ADVP otherwise )ADVP (VP cause (NP new panic *UNK )NP )VP )VP )S )SBAR )NP )VP )VP )S , '' (NP the spokesman )NP (VP said )VP . )S  STOP
(S (S (NP (NP The 1986 tax overhaul )NP , (NP (NP the biggest *UNK )NP (PP of (NP (NP President Reagan 's )NP second term )NP )PP )NP , )NP (VP is (VP beginning (S (VP to (VP fall (PRT apart )PRT )VP )VP )S )VP )VP )S , and (S (NP interest groups )NP (VP are (VP *UNKING (PRT up )PRT (PP for (NP tax *UNK )NP )PP (PP all over (NP Capitol Hill )NP )PP )VP )VP )S . )S  STOP
(S (NP *UNKC executives )NP (VP are (VP lobbying (S (VP to (VP ease (NP *UNK- rules )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP *UNKC groups )NP (VP are (VP trying (S (VP to (VP *UNK (NP (NP the write-off )NP (PP for (NP (NP contributions )NP (VP made (PP by (NP (NP individuals )NP (SBAR (WHNP who )WHNP (S (VP do n't (VP *UNK (NP their deductions )NP )VP )VP )S )SBAR )NP )PP )VP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Big auction houses )NP (VP want (S (VP to (VP make (S (NP *UNK )NP (ADJP eligible (PP for (NP lower capital-gains taxes )NP )PP )ADJP )S )VP )VP )S )VP . )S  STOP
(S And (NP *UNK- lobbyists )NP (VP are (ADVP quietly )ADVP (VP discussing (NP (NP the possibility )NP (PP of (S (VP *UNKING (NP the investment tax credit )NP )VP )S )PP )NP )VP )VP . )S  STOP
(SINV `` (S (NP Everything )NP (VP is (PP up (PP for (NP *UNK )NP )PP )PP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a lobbyist )NP (PP for (NP mutual *UNK- companies )NP )PP )NP )NP . )SINV  STOP
(SINV (VP *UNKC )VP (NP (NP Robert *UNKC )NP , (NP (NP the head lobbyist )NP (PP for (NP (NP a variety )NP (PP of (NP interests )NP )PP (SBAR (WHNP that )WHNP (S (VP want (S (VP to (VP protect (NP (NP the tax deduction )NP (PP for (NP travel and entertainment expenses )NP )PP )NP )VP )VP )S )VP )S )SBAR )NP )PP )NP )NP : `` (S (NP It )NP (VP appears (SBAR as though (S (NP the whole thing )NP (VP is (ADJP wide open )ADJP (ADVP again )ADVP )VP )S )SBAR )VP )S . '' )SINV  STOP
(S (NP The catalyst )NP (VP has (VP been (NP (NP the congressional move (S (VP to (VP restore (NP (NP *UNK tax treatment )NP (PP for (NP capital gains )NP )PP )NP )VP )VP )S )NP , (NP (NP an effort )NP (SBAR (WHNP that )WHNP (S (VP is (ADJP likely (S (VP to (VP succeed )VP )VP )S )ADJP (PP in (NP this Congress )NP )PP )VP )S )SBAR )NP )NP )VP )VP . )S  STOP
(S (NP (NP Other fundamental `` reforms '' )NP (PP of (NP the 1986 act )NP )PP )NP (VP have (VP been (VP threatened (ADVP as well )ADVP )VP )VP )VP . )S  STOP
(S (NP The House )NP (ADVP seriously )ADVP (VP considered (S (VP raising (NP (NP the top tax rate )NP (VP paid (PP by (NP (NP individuals )NP (PP with (NP the highest *UNK )NP )PP )NP )PP )VP )NP )VP )S )VP . )S  STOP
(S (NP The Senate Finance Committee )NP (VP voted (S (VP (VP to (VP expand (NP (NP the deduction )NP (PP for (NP individual retirement accounts )NP )PP )NP )VP )VP , and (ADVP also )ADVP (VP to (VP bring (ADVP back )ADVP (NP (NP (NP income averaging )NP (PP for (NP farmers )NP )PP )NP , (NP (NP a tax preference )NP (SBAR (WHNP that )WHNP (S (VP allows (S (NP income )NP (VP to (VP be (VP spread (PRT out )PRT (PP over (NP several years )NP )PP )VP )VP )VP )S )VP )S )SBAR )NP )NP )VP )VP )VP )S )VP . )S  STOP
(S (PP As (NP (NP part )NP (PP of (NP the same bill )NP )PP )NP )PP , (NP the finance panel )NP (ADVP also )ADVP (VP voted (PP in (NP (NP favor )NP (PP of (NP (NP billions )NP (PP of (NP dollars )NP )PP (PP in (NP (NP narrow tax breaks )NP (PP for (NP individuals and corporations )NP )PP )NP )PP )NP )PP )NP )PP , (PP in (SBAR (WHNP what )WHNP (S (NP (NP committee member Sen. David *UNKC )NP (PRN -LRB- (NP (NP D. )NP , (NP *UNKC . )NP )NP -RRB- )PRN )NP (VP calls (S (NP (NP a `` *UNKING *UNK '' )NP (PP of (NP *UNK- *UNKING )NP )PP )NP )S )VP )S )SBAR )PP )VP . )S  STOP
(S (NP The beneficiaries )NP (VP would (VP range (PP (PP from (NP *UNK growers )NP )PP (PP to (NP rich *UNK )NP )PP (PP to (NP *UNK- shops )NP )PP )PP )VP )VP . )S  STOP
(S (S (VP To (VP be (ADJP sure )ADJP )VP )VP )S , (NP the full Senate )NP , (S (VP facing (NP a *UNKING budget deadline )NP )VP )S , (NP last Friday )NP (VP stripped (ADVP away )ADVP (NP (NP all )NP (PP of (NP (NP the tax breaks )NP (SBAR (WHNP that )WHNP (S (VP were (VP contained (PP in (NP the Finance Committee bill )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S But (NP (NP lawmakers )NP (PP of (NP both parties )NP )PP )NP (VP agree (SBAR that (S (NP the streamlining )NP (VP was (ADJP temporary )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Other bills )NP )NP (VP will (VP be (VP moving (ADVP soon )ADVP (SBAR (WHNP that )WHNP (S (VP are (VP expected (S (VP to (VP carry (NP (NP many )NP (PP of (NP the tax cuts )NP )PP , (PP including (NP both the (UCP capital-gains and IRA )UCP provisions )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(SINV `` (S (NP There )NP (VP is n't (NP any doubt (SBAR that (S (NP (NP the *UNK )NP (PP of (NP the *UNK code )NP )PP )NP (VP has (VP been (VP given (NP a *UNK *UNK )NP )VP )VP )VP )S )SBAR )NP )VP )S , '' (VP says )VP (NP (NP Rep. Thomas *UNKC )NP (PRN -LRB- (NP (NP D. )NP , (NP N.Y . )NP )NP -RRB- )PRN )NP . )SINV  STOP
(S `` (NP You )NP (VP 'll (VP see (NP (NP the annual *UNKING )NP (PP of (NP it )NP )PP )NP )VP )VP . '' )S  STOP
(SINV `` (S (NP It )NP (VP 's (ADVP back (PP to (NP *UNK- time )NP )PP )ADVP (PP for (NP the select few )NP )PP )VP )S , '' (VP says )VP (NP (NP (NP Rep. William Gray )NP (PP of (NP Pennsylvania )NP )PP )NP , (NP (NP the *UNKING Democrat )NP (PP in (NP the House )NP )PP )NP )NP . )SINV  STOP
(S (S (VP *UNKING (PP to (NP (NP the *UNK )NP (PP of (NP the Senate and House *UNKING committees )NP )PP )NP )PP )VP )S , (NP he )NP (VP adds , `` (S (NP Next year )NP , (NP every *UNK- group )NP (VP is (VP going (S (VP to (VP be (ADVP there )ADVP (S (VP knocking (PP (PP on (NP (NP Lloyd *UNKC 's )NP door )NP )PP , (PP on (NP (NP *UNKC *UNKC 's )NP door )NP )PP )PP )VP )S )VP )VP )S )VP )VP )S )VP . '' )S  STOP
(S (NP Many groups )NP (VP are n't (VP waiting (NP that long )NP )VP )VP . )S  STOP
(S (NP Just last week )NP , (NP a House Ways and Means subcommittee )NP (VP held (NP a lengthy meeting )NP (S (VP to (VP hear (NP (NP the *UNK )NP (PP of (NP (NP individual cities , companies and interest groups )NP (SBAR (WHNP who )WHNP (S (VP want (S (VP to (VP open (NP their own special *UNK )NP )VP )VP )S )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP . )S  STOP
(SINV `` (S (S (NP It )NP (VP 's (NP a *UNKC factory )NP )VP )S and (S (NP the *UNK )NP (VP *UNK (ADJP pretty good )ADJP )VP )S )S , '' (VP *UNKED )VP (NP (NP one veteran lobbyist )NP (SBAR (WHNP who )WHNP (S (VP was (VP watching (NP the proceedings )NP )VP )VP )S )SBAR )NP . )SINV  STOP
(S (NP (NP Even lobbyists )NP (PP for (NP (NP heavy industry )NP , (NP (NP one )NP (PP of (NP the interests )NP )PP (VP hit (ADVP hardest )ADVP (PP in (NP the 1986 bill )NP )PP )VP )NP , )NP )PP )NP (VP are (VP encouraged )VP )VP . )S  STOP
(SINV (S (NP (NP The return )NP (PP of (NP (NP *UNK- tax breaks )NP (PP such as (NP (NP those )NP (PP for (NP (NP capital gains )NP and (NP IRAs )NP )NP )PP )NP )PP )NP )PP )NP `` (VP creates (NP (NP more )NP (PP of (NP (NP (NP a mood )NP or (NP a *UNK )NP )NP (SBAR (WHNP that )WHNP (S (VP is (ADJP *UNK (PP for (S (VP getting (NP (NP (NP better depreciation )NP (PRN -LRB- (NP write-offs )NP -RRB- )PRN )NP or (NP investment credits )NP )NP )VP )S )PP )ADJP )VP )S )SBAR )NP )PP )NP )VP )S , '' (VP says )VP (NP (NP Paul *UNKC )NP , (NP (NP a vice president )NP (PP for (NP (NP the National Association )NP (PP of (NP Manufacturers )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP Corporate lobbyist *UNKC Walker )NP (VP is (VP planning (NP (NP a spring conference )NP (SBAR (S (VP to (VP discuss (SBAR (WHNP what tax changes )WHNP (S (VP to (VP make (S (VP to (VP improve `` (NP *UNK )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )VP . '' )S  STOP
(S (PP In (NP (NP reaction )NP (PP to (NP proposed capital-gains legislation )NP )PP )NP )PP , (NP groups )NP (VP are (VP lobbying (S (VP to (VP make (ADJP sure (SBAR (S (NP they )NP (VP are n't (VP left (PP off (NP the *UNK train )NP )PP )VP )VP )S )SBAR )ADJP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP *UNKC interests )NP , (PP for (NP example )NP )PP , (VP are (VP *UNKING (NP (NP an *UNK )NP (PP in (NP (NP President Bush 's )NP capital-gains proposal )NP )PP )NP )VP )VP )S : (S (NP It )NP (VP does n't (VP include (NP real-estate gains )NP )VP )VP )S . )S  STOP
(SINV `` (S (SBAR If (S (NP there )NP (VP is (VP going (S (VP to (VP be (NP (NP a tax scheme )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP (NP lower treatment )NP (PP of (NP capital gains )NP )PP )NP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )SBAR , (NP they )NP (ADVP certainly )ADVP (VP want (S (VP to (VP be (NP (NP part )NP (PP of (NP it )NP )PP )NP )VP )VP )S )VP )S , '' (VP says )VP (NP (NP real-estate lobbyist Wayne *UNKC )NP (PP of (NP *UNKC Associates )NP )PP )NP . )SINV  STOP
(S (S (PP In (NP the *UNKED tax bill )NP )PP , (NP Mr. *UNKC )NP (VP got (NP his wish )NP )VP )S ; (S (NP real-estate assets )NP (VP are (VP included (PP in (NP the capital-gains provision )NP )PP )VP )VP )S . )S  STOP
(S But (NP (NP Sotheby 's )NP , (NP Christie 's )NP and (NP (NP the National Association )NP (PP of (NP *UNKC Dealers )NP )PP )NP )NP (VP are (ADVP still )ADVP (VP trying (S (VP to (VP get (NP theirs )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP They )NP (VP have (VP sent (NP a letter )NP (PP to (NP congressional *UNK- )NP )PP (S (VP asking (SBAR that (S (NP (NP gains )NP (PP from (NP (NP the sale )NP (PP of (NP *UNK )NP )PP )NP )PP )NP (ADVP also )ADVP (VP be (VP given (NP *UNK treatment )NP )VP )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(S `` (S (NP *UNKC )NP (VP should (VP continue (S (VP to (VP be (VP recognized (PP as (NP capital assets )NP )PP )VP )VP )VP )S )VP )VP )S , '' (NP the letter )NP (VP states )VP . )S  STOP
(S (NP (NP All )NP (PP of (NP this talk )NP )PP )NP (VP is (ADJP *UNK (PP to (NP (NP the Tax Reform Act )NP (PP of (NP 1986 )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (PP In (NP (NP exchange )NP (PP for (NP (ADJP *UNKLY lower )ADJP tax rates )NP )PP )NP )PP , (NP (NP the *UNK )NP (PP of (NP that legislation )NP )PP )NP (VP sought (S (VP to (VP eliminate (NP (NP most )NP (PP of (NP (NP the *UNK , deductions and credits )NP (SBAR (WHNP that )WHNP (S (VP gave (NP some taxpayers )NP (NP (NP an advantage )NP (PP over (NP others )NP )PP )NP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP The goal )NP (VP was (S (VP to (VP (VP tax (NP (NP people )NP (PP with (NP (ADJP roughly equivalent )ADJP *UNK )NP )PP )NP (ADVP equally )ADVP )VP , and (VP to (VP eliminate (NP (NP the many shelters )NP (SBAR (WHNP that )WHNP (S (VP allowed (S (NP the wealthy )NP (VP to (VP escape (NP taxes )NP )VP )VP )S )VP )S )SBAR )NP )VP )VP )VP )VP )S )VP . )S  STOP
(S (NP (NP Two )NP (PP of (NP (NP the major ways )NP (SBAR (WHADVP that )WHADVP (S (NP *UNK- )NP (VP managed (S (VP to (VP *UNK (NP these ends )NP )VP )VP )S )VP )S )SBAR )NP )PP )NP (VP were (S (VP (VP to (VP scrap (NP (NP the *UNK treatment )NP (PP of (NP capital gains )NP )PP )NP )VP )VP and (VP to (VP *UNK (NP (NP the use )NP (PP of (NP (NP paper losses )NP , (VP (ADVP also )ADVP known (PP as (NP passive losses )NP )PP )VP , (SBAR (WHNP that )WHNP (S (VP made (S (NP many tax shelters )NP (ADJP possible )ADJP )S )VP )S )SBAR )NP )PP )NP )VP )VP )VP )S )VP . )S  STOP
(S (NP Many other tax benefits )NP (ADVP also )ADVP (VP were (VP *UNK (ADVP away )ADVP )VP )VP . )S  STOP
(S (NP This year )NP (NP Congress )NP , (PP with (NP (NP *UNKING )NP (PP from (NP President Bush )NP )PP )NP )PP , (VP has (VP been (ADJP busy )ADJP (S (VP trying (S (VP to (VP put (NP (NP many )NP (PP of (NP these same tax preferences )NP )PP )NP (ADVP back (PP into (NP the code )NP )PP )ADVP )VP )VP )S )VP )S )VP )VP . )S  STOP
(S (NP It )NP (VP appears (ADJP likely (SBAR that , (S (NP (NP this year )NP or (NP next )NP )NP , (NP (NP some form )NP (PP of (NP (NP capital-gains preference )NP and (NP *UNK- *UNK )NP )NP )PP )NP (VP will (VP be (VP enacted )VP )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP Other tax benefits )NP (ADVP probably )ADVP (VP will (VP be (VP restored and created )VP )VP )VP . )S  STOP
(S (NP The main obstacle )NP (VP is (VP finding (NP (NP a way )NP (SBAR (S (VP to (VP pay (PP for (NP them )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S `` (NP The *UNK act )NP (VP was (NP a *UNK )NP )VP . )S  STOP
(SINV (S (S (NP They )NP (VP wanted (NP reform )NP )VP )S and (S (NP they )NP (VP got (NP a revolution )NP )VP )S )S , '' (VP says )VP (NP (NP overhaul advocate Rep. *UNKC *UNKC )NP (PRN -LRB- (NP (NP R. )NP , (NP Ohio )NP )NP -RRB- )PRN )NP . )SINV  STOP
(SQ (ADVP So )ADVP , is (NP the tax code )NP (ADVP now )ADVP (NP open game )NP (ADVP again )ADVP ? )SQ  STOP
(S (NP Mr. *UNKC )NP (VP thinks (ADVP so )ADVP )VP . )S  STOP
(S (NP One recent Saturday morning )NP (NP he )NP (VP stayed (PP inside (NP the Capitol )NP )PP (S (VP (VP monitoring (NP *UNK- talks )NP )VP (CONJP instead of )CONJP (VP (VP flying (PP to (NP San Francisco )NP )PP (PP for (NP a *UNK- )NP )PP )VP and (ADVP then )ADVP (VP (PP to (NP (NP his *UNK )NP (PP of (NP Chicago )NP )PP )NP )PP (PP for (NP (NP the *UNK *UNK )NP (PP of (NP St. *UNKC High School )NP )PP )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S `` (S (S (NP I )NP (VP 'm (ADJP too old (SBAR (S (VP to (VP waste (NP a weekend )NP )VP )VP )S )SBAR )ADJP )VP )S , but (S (NP that )NP (VP 's (SBAR (WHNP what )WHNP (S (NP I )NP (VP did )VP )S )SBAR )VP )S )S , '' (NP the *UNK- Mr. *UNKC )NP (VP *UNK )VP . )S  STOP
(S `` (NP These days )NP , (NP anything )NP (VP can (VP happen )VP )VP . )S  STOP
(S (NP *UNKC AG )NP (VP said (SBAR (S (NP passenger volume )NP (VP climbed (NP 5.2 % )NP (PP for (NP (NP the first nine months )NP (PP of (NP 1989 )NP )PP )NP )PP (PP to (NP (QP *UNKN million )QP passengers )NP )PP (PP from (NP (QP *UNKN million )QP passengers )NP (PP in (NP the year-earlier period )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The (ADJP West German )ADJP national air carrier )NP (VP said (SBAR (S (NP cargo volume )NP (VP jumped (NP 12 % )NP (PP to (NP *UNKN metric tons )NP )PP (PP from (NP *UNKN tons )NP (ADVP (NP a year )NP ago )ADVP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC factor )NP , or (NP (NP percentage )NP (PP of (NP (NP seats )NP (VP filled )VP )NP )PP )NP , )NP (VP climbed (PP to (NP *UNKN % )NP )PP (PP from (NP *UNKN % )NP )PP , (SBAR even though (S (NP (NP the number )NP (PP of (NP flights )NP )PP )NP (VP rose (NP 6.9 % )NP (PP to (NP *UNKN )NP )PP (PP in (NP the *UNK- quarters )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (PP (PP From (NP January )NP )PP (PP through (NP September )NP )PP )PP , (NP (NP the distance )NP (VP *UNK (PP by (NP *UNKC *UNK )NP )PP )VP )NP (VP rose (NP 5.6 % )NP (PP to (NP (QP *UNKN million )QP *UNK )NP )PP (PP from (ADVP (NP a year )NP earlier )ADVP )PP )VP )S , (NP the company )NP (VP added )VP . )S  STOP
(S (NP Raymond Chandler )NP , (PP in (NP (NP a *UNKN letter )NP (VP defending (NP a weak *UNKC book )NP )VP )NP )PP , (VP *UNKED (NP a champion writer )NP (PP to (NP a baseball *UNK )NP )PP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP the *UNK )NP (VP has (VP lost (NP his stuff )NP )VP )VP )S )SBAR , (PRN (S (NP the great mystery *UNK )NP (VP wrote )VP )S , )PRN `` (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP can (ADVP no longer )ADVP (VP throw (NP the high hard one )NP )VP )VP )S )SBAR , (NP he )NP (VP throws (NP his heart )NP (ADVP instead )ADVP )VP . )S  STOP
(S (NP He )NP (VP throws (NP something )NP )VP . )S  STOP
(S (NP He )NP (VP does n't (ADVP just )ADVP (VP (VP walk (PP off (NP the *UNK )NP )PP )VP and (VP *UNK )VP )VP )VP . '' )S  STOP
(S (NP Chandler )NP (VP might (VP have (VP been (VP predicting (NP (NP the course )NP (PP of (NP his own career )NP )PP )NP )VP )VP )VP )VP . )S  STOP
(S (NP (NP (NP His last published novel )NP (VP featuring (NP private *UNK Philip *UNKC )NP )VP )NP , (NP (NP the *UNK `` (NX *UNKC )NX '' )NP (PRN -LRB- (NP *UNKN )NP -RRB- )PRN )NP , )NP (PP at (NP times )NP )PP (VP read (ADVP almost )ADVP (PP like (NP (NP a *UNK )NP (PP of (NP his previous work )NP )PP )NP )PP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP he )NP (VP died (PP in (NP *UNKN )NP )PP )VP )S )SBAR , (NP Chandler )NP (VP left (PRT behind )PRT (NP (NP four *UNK )NP (PP of (NP (NP yet another *UNKC book )NP , `` (NP The *UNKC Springs *UNKC )NP , '' (SBAR (WHNP which )WHNP (S (VP seemed (S (VP to (VP go (PP (PP beyond (NP *UNK )NP )PP (PP into (NP (NP something )NP (PP like (NP *UNK )NP )PP )NP )PP )PP )VP )VP )S )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP `` (NP *UNKC )NP '' (RRC (NP (NP Chandler 's )NP last pitch )NP , (ADVP apparently )ADVP )RRC , )NP (VP was (NP a *UNK )NP )VP . )S  STOP
(S (ADVP Now )ADVP (NP (NP Robert Parker )NP , (NP (NP author )NP (PP of (NP (NP several best sellers )NP (VP featuring (NP (NP *UNKC )NP , (NP (NP a contemporary private eye )NP (PP in (NP the *UNKC *UNK )NP )PP )NP , )NP )VP )NP )PP )NP )NP (VP has (PP with (NP (NP the *UNK )NP (PP of (NP the Chandler estate )NP )PP )NP )PP (VP been (VP hired (S (VP to (VP complete `` (NP The *UNKC Springs *UNKC )NP )VP )VP )S )VP )VP )VP . '' )S  STOP
(S (NP (NP The result )NP , (NP `` (NP *UNKC Springs )NP '' (PRN -LRB- (NP (NP *UNKC 's )NP , (NP *UNKN pages )NP , (NP $ *UNKN )NP )NP -RRB- )PRN )NP )NP (VP is (NP (NP an (ADJP (ADJP *UNKING )ADJP , (ADJP easy (SBAR (S (VP to (VP read )VP )VP )S )SBAR )ADJP and (ADJP fairly *UNK )ADJP )ADJP extension )NP (PP of (NP the *UNKC *UNK )NP )PP , (ADJP full (PP of (NP (NP *UNKED *UNK )NP and (NP California color )NP )NP )PP )ADJP )NP )VP . )S  STOP
(SINV (SBAR If (S (NP it )NP (VP does not (ADVP quite )ADVP (VP have (NP (NP Chandler 's )NP special *UNK )NP )VP )VP )S )SBAR -- (INTJ well )INTJ , (PP at (NP the end )NP )PP , neither did (NP Chandler )NP . )SINV  STOP
(S (SBAR As (S (NP the book )NP (VP begins )VP )S )SBAR , (NP a (ADJP newly *UNKED )ADJP Marlowe )NP (VP *UNK (PP into (NP (NP the desert resort )NP (PP of (NP *UNKC (PRN -LRB- (X *UNK . *UNKC )X -RRB- )PRN Springs )NP )PP )NP )PP (PP at (NP (NP the *UNK )NP (PP of (NP a *UNKC *UNKC )NP )PP )NP )PP )VP . )S  STOP
(S (NP His *UNK )NP (VP is (NP (NP the (ADJP rich and beautiful )ADJP Linda *UNKING )NP , (NP (NP a character )NP (SBAR (WHNP who )WHNP (S (ADVP also )ADVP (VP appeared (PP in (NP (NP Chandler 's )NP (NX `` (NX The Long *UNKC )NX '' and `` (NX *UNKC )NX )NX )NP )PP )VP )S )SBAR )NP )NP )VP . '' )S  STOP
(S (NP Philip and Linda )NP (VP (VP move (PP into (NP her *UNK )NP )PP )VP and (VP ca n't (VP keep (NP their hands )NP (PP off (NP each other )NP )PP )VP )VP , (PP (ADVP even )ADVP in (NP (NP front )NP (PP of (NP the *UNKC *UNK )NP )PP )NP )PP )VP . )S  STOP
(S But (NP the *UNK )NP (VP have (NP a conflict )NP )VP . )S  STOP
(S (S (NP He )NP (VP wants (S (VP to (VP continue (S (VP being (NP a *UNK- private eye )NP )VP )S )VP )VP )S )VP )S , and (S (NP she )NP (VP wants (S (NP him )NP (VP to (VP live (PP off (NP (NP the million dollars )NP (SBAR (S (NP she )NP (VP 's (VP settled (PP on (NP him )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )S . )S  STOP
(S (NP That )NP (VP 's (NP (NP Chandler 's )NP *UNK )NP )VP . )S  STOP
(S (NP Mr. Parker )NP (VP *UNK (NP it )NP (PP into (NP (NP a (ADJP pretty *UNKING )ADJP tale )NP (VP involving (NP (NP *UNKC Springs high life )NP , (NP Hollywood low life )NP and (NP (NP various *UNK )NP (SBAR (WHNP who )WHNP (S (VP *UNK (NP their hats )NP (PP in (NP both *UNK )NP )PP )VP )S )SBAR )NP )NP )VP )NP )PP )VP . )S  STOP
(S (S (NP The supporting *UNK )NP (VP is (ADJP solid )ADJP )VP )S , (S (NP the *UNK )NP (VP is (ADJP *UNKING )ADJP )VP )S and (S (NP there )NP (VP 's (ADVP even )ADVP (NP (NP a *UNK )NP (PP by (NP (NP *UNKC *UNKC )NP , (NP (NP the `` good *UNK '' )NP (PP of (NP previous Chandler books )NP )PP (SBAR (WHNP who )WHNP (S (ADVP still )ADVP (VP does n't (VP *UNK (S (VP to (VP have (S (NP Marlowe )NP (VP jailed )VP )S )VP )VP )S (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP suits (NP his purposes )NP )VP )S )SBAR )VP )VP )S )SBAR )NP )NP )PP )NP )VP )S . )S  STOP
(S (NP The style throughout )NP (VP bears (NP (NP a strong *UNK )NP (PP to (NP (NP (NP Chandler 's )NP *UNK )NP (PP at (NP its (ADJP most *UNKED (PRT down )PRT )ADJP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (S (NP All )NP (VP told )VP )S , (NP Mr. Parker )NP (VP does (NP (NP a better job )NP (PP of (S (VP making (NP a novel )NP (PP out (PP of (NP this abandoned *UNK )NP )PP )PP )VP )S )PP (SBAR than (S (NP anyone )NP (VP might (VP have (VP had (NP a right (S (VP to (VP expect )VP )VP )S )NP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S But (NP there )NP (VP are (NP (NP grounds )NP (PP for (NP complaint )NP )PP )NP )VP . )S  STOP
(S (S (PP At (NP one point )NP )PP , (NP the reader )NP (VP is (ADVP (NP two steps )NP ahead (PP of (NP Marlowe )NP )PP )ADVP (PP in (S (VP *UNKING (PRT on )PRT (PP to (NP a double identity *UNK )NP )PP )VP )S )PP )VP )S -- and (S (NP Marlowe )NP (VP is (VP supposed (S (VP to (VP be (NP the pro )NP )VP )VP )S )VP )VP )S . )S  STOP
(S (ADVP More *UNK )ADVP , (NP there )NP (VP are (NP several apparent *UNK )NP )VP . )S  STOP
(S (NP (NP (NP *UNKC *UNK )NP , (NP tank *UNK )NP , (NP (NP *UNK )NP (VP (ADVP openly )ADVP working (NP (NP the streets )NP (PP of (NP Hollywood )NP )PP )NP )VP )NP and (NP the *UNKC *UNKC *UNK )NP )NP (NP all )NP )NP (VP seem (PP out (PP of (NP place )NP )PP )PP (PP in (NP the 1950s )NP )PP )VP . )S  STOP
(S (NP (NP (ADJP (NP A little )NP more )ADJP care )NP (PP in (S (VP *UNKING (NP (NP Marlowe 's )NP *UNK )NP )VP )S )PP )NP (VP would (VP have (VP made (S (NP the book )NP (ADJP (ADVP that much )ADVP more *UNK )ADJP )S )VP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (NP (NP a contributing editor )NP (PP at (NP Los Angeles Magazine )NP )PP )NP )VP . )S  STOP
(S (NP *UNK *UNKC )NP (VP spent (NP eight years )NP (PP as (NP (NP the editor )NP (PP in (NP chief )NP )PP (PP of (NP (NP the Japanese edition )NP (PP of (NP (NP *UNKC 's )NP *UNKC )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(SINV `` (S (NP Japan )NP (VP has (VP been (NP (NP a major *UNK )NP (PP of (NP foreign information and news )NP )PP )NP )VP )VP )S , '' (VP says )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S `` But (NP one )NP (VP gets (VP fed (PRT up )PRT (PP with (S (VP *UNKING (NP information and news )NP )VP )S )PP )VP )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP has (VP turned (NP the tables )NP )VP )VP . )S  STOP
(S (NP Today )NP , (NP he )NP (VP is (NP (NP publisher )NP (PP of (NP (NP Business Tokyo magazine )NP , (NP (NP the first *UNKC business magazine )NP (VP devoted (PP to (NP (NP coverage )NP (PP of (NP Japanese business )NP )PP )NP )PP )VP )NP )NP )PP )NP )VP . )S  STOP
(S (PP After (NP a *UNK *UNK )NP )PP , (NP the *UNK- magazine )NP (VP has (VP been (VP *UNKED (NP this month )NP (PP by (NP (NP its parent company )NP , (NP (NP *UNKC Corp. )NP , (NP (NP the *UNKED company )NP (PP with (NP (NP interests )NP (SBAR (WHNP that )WHNP (S (VP include (NP (NP financial services )NP , (NP book publishing )NP and (NP a tourist agency )NP )NP )VP )S )SBAR )NP )PP )NP )NP )NP )PP )VP )VP )VP . )S  STOP
(S (S (VP (VP *UNKED (PP in (NP the U.S. )NP )PP )VP and (VP carrying (NP the line `` (NX (NP The *UNKC 's )NP Japan )NX )NP )VP )VP )S , '' (NP (NP Business Tokyo 's )NP October cover story )NP (VP was (NP `` (NP (NP The World 's )NP No. 1 *UNKC )NP '' -- (NP Japanese women )NP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (NP (NP one )NP (PP of (NP (NP a (ADJP small but growing )ADJP band )NP (PP of (NP (NP Japanese companies )NP (VP taking (NP (NP their first steps )NP (PP into (NP American publishing )NP )PP )NP , (PP after (S (VP making (NP major investments )NP (PP in (NP (NP entertainment , real estate and banking companies )NP (ADVP here )ADVP )NP )PP )VP )S )PP )VP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Japanese concerns )NP (VP have (VP retained (NP (NP a number )NP (PP of (NP (NP (NP publishing consultants )NP and (NP media brokers )NP )NP (SBAR (S (VP to (VP study (NP the U.S. market )NP )VP )VP )S )SBAR )NP )PP , (PP including (NP (NP the New York-based investment banker )NP (NP *UNKC , *UNKC & Associates )NP )NP )PP )NP )VP )VP . )S  STOP
(S And (NP they )NP (VP are (ADVP quietly )ADVP (VP linking (PRT up )PRT (PP with (NP U.S. publishing trade groups )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP Japanese publishers )NP (VP want (S (VP to (VP be (VP introduced (PP to (NP the publishing and information industries )NP )PP )VP )VP )VP )S )VP )S , '' (VP said )VP (NP (NP John *UNKC )NP , (NP (NP chairman )NP (PP of (NP *UNKC *UNKC )NP )PP )NP )NP . )SINV  STOP
(S (SBAR While (S (NP there )NP (VP are n't (NP (NP any major deals )NP )NP (PP in (NP the works )NP )PP (ADVP currently )ADVP (PP on (NP (NP the scale )NP (PP of (NP (NP Sony Corp. 's )NP recent (ADJP (QP $ 3.4 billion )QP )ADJP agreement (S (VP to (VP buy (NP Columbia Pictures Entertainment Inc. )NP )VP )VP )S )NP )PP )NP )PP )VP )S )SBAR , (NP observers )NP (VP do n't (VP rule (PRT out )PRT (NP (NP a transaction )NP (PP of (NP that size )NP )PP )NP )VP )VP . )S  STOP
(SINV `` (S (NP The Japanese )NP (VP take (NP the long view )NP )VP )S . '' (VP said )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S `` (S (S (NP It )NP (VP may not (VP be (NP weeks or months )NP )VP )VP )S , but (S (S (NP they )NP (VP are (ADVP also )ADVP (ADJP *UNK )ADJP )VP )S and (S (SBAR if (S (NP they )NP (VP feel (ADJP comfortable )ADJP )VP )S )SBAR , (NP they )NP (VP will (VP move (PP on (NP a deal )NP )PP )VP )VP )S )S )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (PP In (NP recent months )NP )PP , (NP (NP three big *UNKED publishing concerns )NP -- (PP including (NP (NP Nikkei Business Publications )NP , (NP (NP Nikkei Home )NP (PRN -LRB- (NP no *UNK )NP -RRB- )PRN )NP , and (NP Magazine House )NP )NP )PP -- )NP (VP applied (PP for (NP (NP membership )NP (PP in (NP (NP Magazine *UNKC )NP (PP of (NP America )NP )PP , (SBAR (WHNP which )WHNP (S (VP represents (NP almost all U.S. consumer magazines )NP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Japanese involvement )NP (PP in (NP American publishing )NP )PP )NP (VP has (VP been (ADJP (ADJP so small )ADJP )ADJP (PP to (NP date )NP )PP (SBAR that (S (NP (NP magazines )NP (PP such as (NP Business Tokyo )NP )PP )NP (VP are (VP considered (S (NP *UNK )NP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP *UNKC )NP (VP launched (NP Business Tokyo )NP (PP in (NP 1987 )NP )PP )VP )S )SBAR , (NP it )NP (VP appealed (PP to (NP a (ADJP more *UNK )ADJP audience )NP )PP )VP . )S  STOP
(S (NP The magazine )NP (VP (VP was (VP *UNKED (PP with (NP (NP the aid )NP (PP of (NP American magazine design *UNK (NX (NX Milton *UNKC )NX and (NX Walter Bernard )NX )NX )NP )PP )NP )PP )VP )VP , and (VP targets (NP *UNK- U.S. executives )NP (PP with (NP (ADJP Japanese and American )ADJP advertisers )NP )PP )VP )VP . )S  STOP
(S (NP American publishers )NP (VP appear (ADJP (ADVP more than )ADVP ready (S (VP to (VP do (NP some selling )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP president )NP (PP of (NP (NP *UNKC *UNKC *UNKC America Inc. )NP , (NP (NP publisher )NP (PP of (NP the Japan Economic Journal )NP )PP )NP )NP )PP )NP , )NP (VP said (SBAR (S (NP he )NP (VP receives (NP (NP telephone calls )NP )NP (ADVP weekly )ADVP (PP from (NP media bankers )NP )PP (PP on (SBAR whether (S (NP his parent company )NP (VP is (ADJP interested (PP in (S (VP buying (NP a U.S. consumer or business magazine )NP )VP )S )PP )ADJP )VP )S )SBAR )PP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP The Japanese )NP (VP are (PP in (NP the early stage )NP )PP (ADVP right now )ADVP )VP )S , '' (VP said )VP (NP (NP Thomas *UNKC )NP , (NP (NP a *UNK media adviser )NP (PP for (NP First Boston Corp. )NP )PP (SBAR (WHNP who )WHNP (S (VP was (ADVP recently )ADVP (VP appointed (S (NP (NP president )NP (PP of (NP (NP (NP *UNKC 's )NP Digest Association 's )NP new Magazine Publishing Group )NP )PP )NP )S )VP )VP )S )SBAR )NP )NP . )SINV  STOP
(S `` (ADVP Before )ADVP , (S (NP they )NP (VP were (ADJP interested (PP in (NP hard assets )NP )PP )ADJP )VP )S and (S (NP they )NP (VP saw (NP magazines )NP (PP as (ADJP soft )ADJP )PP )VP )S . )S  STOP
(S (ADVP Now )ADVP (NP they )NP (VP realize (SBAR (S (NP magazines )NP (VP are (NP (NP (ADJP as much )ADJP a franchise )NP (SBAR as (S (NP Nabisco )NP (VP is (NP a franchise )NP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Bell Atlantic Corp. )NP and (NP Southern New England Telecommunications )NP )NP (VP posted (NP strong profit gains )NP (PP for (NP the third quarter )NP )PP , (SBAR while (S (NP (NP Nynex Corp. )NP , (NP Pacific Telesis Group )NP and (NP *UNK *UNK West Inc. )NP )NP (VP reported (NP earnings declines )NP (PP for (NP the period )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC settlements )NP (PP in (NP Minnesota and Colorado )NP )PP )NP (VP depressed (NP (NP *UNK *UNK West 's )NP third-quarter profit )NP )VP . )S  STOP
(S (NP *UNKED U *UNK West )NP (VP said (SBAR (S (NP net income )NP (VP dropped (NP 8.9 % )NP )VP )S )SBAR , (S (VP noting (SBAR that (S (NP the year-ago quarter )NP (VP included (NP (NP the sale )NP (PP of (NP a building )NP )PP (PP by (NP its *UNKC *UNKC unit )NP )PP )NP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP Revenue )NP (VP dropped (NP 4.3 % )NP (PP to (NP (QP $ 2.3 billion )QP )NP )PP (PP from (NP (QP $ 2.4 billion )QP )NP )PP , (S (VP reflecting (NP (NP declines )NP (PP in (NP its (NX (NX *UNK- sector )NX , (NX long-distance carrier business )NX and (NX diversified division )NX )NX )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP (NP Revenue )NP (PP from (NP *UNK- operations )NP )PP )NP (VP grew (NP 3.3 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP (ADVP (NP a year )NP ago )ADVP )PP )VP . )S  STOP
(S (NP New telephone lines )NP (VP posted (NP healthy growth )NP )VP . )S  STOP
(S (ADVP Overall )ADVP (NP they )NP (VP increased (NP 2.8 % )NP (PP to (NP (QP *UNKN million )QP )NP )PP , (S (VP putting (NP U *UNK West )NP (PP over (NP the (QP 12 million )QP mark )NP )PP (PP for (NP the first time )NP )PP )VP )S )VP . )S  STOP
(S (NP Business lines )NP (VP increased (NP 3.7 % )NP (PP to (NP (QP 3.3 million )QP )NP )PP )VP . )S  STOP
(SINV `` (S (PP On (NP a (ADJP truly comparable )ADJP basis )NP )PP , (NP we )NP (VP 've (VP seen (NP (NP modest earnings growth )NP )NP (NP this year )NP (PP from (NP (NP the operations )NP (PP of (NP our company )NP )PP )NP )PP )VP )VP )S , '' (VP said )VP (NP (NP Jack *UNKC )NP , (NP (NP chairman )NP and (NP chief executive officer )NP )NP )NP . )SINV  STOP
(S `` (NP The major negative factor )NP (VP was (NP (NP the cumulative impact )NP (PP of (NP regulatory activity )NP )PP (PP over (NP the past two years )NP )PP )NP )VP . '' )S  STOP
(S (NP He )NP (VP (VP said (SBAR (S (NP the company )NP (VP expects (S (VP to (VP be `` (PP on (NP (NP target )NP '' (PP with (NP (NP analysts ' )NP projections )NP )PP )NP )PP (PP by (NP year end )NP )PP )VP )VP )S )VP )S )SBAR )VP but (VP conceded (SBAR that (S (NP the fourth quarter )NP (VP represents `` (NP a significant challenge )NP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP (NP *UNKC )NP (PP in (NP the quarter )NP )PP )NP (VP dropped (NP *UNKN % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP (ADVP (NP a year )NP ago )ADVP )PP )VP . )S  STOP
(S (NP Yesterday )NP , (NP U S West shares )NP (VP rose (NP 75 cents )NP (S (VP to (VP close (PP at (NP $ *UNKN )NP )PP (PP in (NP New York Stock Exchange composite trading )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP *UNKED Bell Atlantic )NP (VP said (SBAR (S (NP net )NP (VP rose (NP 6.5 % )NP , (S (VP aided (PP by (NP (NP (NP strong growth )NP (PP in (NP the *UNK- business )NP )PP )NP and (NP (NP an increase )NP (PP in (NP (NP the number )NP (PP of (NP new telephone lines )NP )PP )NP )PP )NP )NP )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Revenue )NP (VP jumped (NP 5.6 % )NP (PP to (NP (QP $ 2.9 billion )QP )NP )PP (PP from (NP (QP $ 2.8 billion )QP )NP (PP in (NP the year-ago quarter )NP )PP )PP )VP . )S  STOP
(S (NP (NP Revenue )NP (PP from (NP (ADJP financial and real-estate )ADJP services )NP )PP )NP (VP jumped (NP 23 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP (ADVP (NP a year )NP ago )ADVP )PP )VP . )S  STOP
(S (NP (NP *UNKC revenue )NP (PP from (NP long-distance telephone companies )NP )PP )NP (VP increased (NP 6.4 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP Bell Atlantic )NP (VP added (NP *UNKN new telephone lines )NP (PP in (NP the quarter )NP )PP (PP for (NP (NP a total )NP (PP of (NP (QP *UNKN million )QP )NP )PP )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP per-share earnings )NP (VP were (ADVP slightly )ADVP (VP reduced (PP by (NP (NP the sale )NP (PP of (NP (NP (QP 4.1 million )QP shares )NP (PP of (NP treasury stock )NP )PP )NP )PP (PP to (NP (NP the company 's )NP (ADJP newly formed )ADJP *UNKC Stock *UNKC *UNKC )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP composite trading )NP (PP on (NP the Big Board )NP )PP )NP )PP , (NP Bell Atlantic )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP up (NP (NP $ 1.50 )NP (NP a share )NP )NP )ADVP )VP . )S  STOP
(S (PP At (NP Nynex )NP )PP , (NP net )NP (VP slumped (NP *UNKN % )NP , (PP (ADVP primarily )ADVP because of (NP (NP (NP a continuing strike )NP (PP by (NP 60,000 employees )NP )PP )NP , (NP (NP *UNKED profit )NP (PP at (NP its New York Telephone unit )NP )PP )NP and (NP (ADJP significantly higher )ADJP taxes and costs )NP )NP )PP )VP . )S  STOP
(S (NP (UCP State and local )UCP taxes )NP (VP increased (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP (ADVP (NP a year )NP ago )ADVP )PP )VP . )S  STOP
(S (NP Nynex )NP (VP said (SBAR (S (NP expenses )NP (VP (VP rose (NP 4.5 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP , (NP a (ADJP (QP $ 119 million )QP )ADJP increase )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Most )NP (PP of (NP the higher costs )NP )PP )NP (VP were (VP associated (PP with (NP (NP acquisitions )NP and (NP (NP growth )NP (PP in (NP *UNKED business units )NP )PP )NP )NP )PP )VP )VP )S , (NP it )NP (VP added )VP . )S  STOP
(SINV `` (S (NP Our net income )NP (VP is n't (SBAR (WHADVP where )WHADVP (S (NP we )NP (VP would (VP want (S (NP it )NP (VP to (VP be )VP )VP )S )VP )VP )S )SBAR (PP at (NP this point )NP )PP )VP )S , '' (VP said )VP (NP (NP William C. *UNKC )NP , (NP (NP chairman )NP and (NP chief executive officer )NP )NP )NP . )SINV  STOP
(S `` (NP (NP This deviation )NP (PP from (NP our past growth patterns )NP )PP )NP (VP is (VP caused (ADVP largely )ADVP (PP by (NP (NP lower earnings )NP (PP at (NP New York Telephone )NP )PP )NP )PP )VP )VP . '' )S  STOP
(S (NP Mr. Ferguson )NP (VP said (SBAR (S (NP (NP (NP a continued *UNK )NP (PP in (NP (NP New York City area 's )NP economy )NP )PP )NP and (NP (NP increased competition )NP , (PP (ADVP particularly )ADVP in (NP the *UNK- market )NP )PP , )NP )NP (VP took (NP a heavy toll )NP (PP on (NP earnings )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The *UNK- strike )NP (PP at (NP Nynex )NP )PP )NP (ADVP seriously )ADVP (VP hurt (NP (NP the *UNK )NP (PP of (NP new telephone lines )NP )PP )NP (PP in (NP the quarter )NP )PP )VP . )S  STOP
(S (NP Nynex )NP (VP said (SBAR (S (NP (NP access lines )NP (PP in (NP service )NP )PP (PP at (NP (NP the end )NP (PP of (NP the quarter )NP )PP )NP )PP )NP (VP were (ADVP off (NP 18,000 )NP (PP from (NP (NP the previous quarter )NP , (SBAR (WHNP which )WHNP (S (VP reported (NP (NP an increase )NP (PP of (NP *UNKN new access lines )NP )PP )NP )VP )S )SBAR )NP )PP )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP Revenue )NP (VP rose (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ 3.18 billion )QP )NP )PP , (PP (ADVP mostly )ADVP from (NP (NP acquisition )NP (PP of (NP (NP *UNKC Computers )NP and (NP robust *UNKED businesses )NP )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP Big Board composite trading )NP )PP (NP yesterday )NP , (NP Nynex common )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP up (NP $ *UNKN )NP )ADVP )VP . )S  STOP
(S (NP (NP Southern New England Telecommunications )NP , (SBAR (WHNP which )WHNP (S (VP bolstered (NP (NP its marketing efforts )NP (PP for (NP (UCP telephone and *UNK- )UCP subsidiaries )NP )PP )NP )VP )S )SBAR , )NP (VP reported (SBAR that (S (NP net )NP (VP increased (NP *UNKN % )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Walter H. *UNKC Jr. )NP , (NP *UNKC (NX (NX chairman )NX and (NX chief executive officer )NX )NX )NP , )NP (VP said : `` (S (NP (NP *UNKC marketing )NP (PP of (NP our products and services )NP )PP )NP (VP contributed (S (VP to (VP increase (NP revenue )NP )VP )VP )S )VP )S )VP . '' )S  STOP
(S (NP Revenue and sales )NP (VP increased (NP 7.5 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP . )S  STOP
(S (NP *UNKC pages advertising sales )NP (VP rose (NP *UNKN % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP (NP (NP *UNKC and expenses )NP (PP for (NP the quarter )NP )PP )NP , (PP excluding (NP interest )NP )PP , )NP (VP increased (NP *UNKN % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP (ADVP (NP the year )NP before )ADVP )PP )VP . )S  STOP
(S (NP *UNKC common )NP (VP rose (NP $ 1.25 )NP (PP to (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP (NP yesterday )NP (PP in (NP (NP composite trading )NP (PP on (NP the Big Board )NP )PP )NP )PP )VP . )S  STOP
(S (NP (ADJP San *UNKED )ADJP Pacific Telesis )NP (VP said (SBAR (S (NP net )NP (VP declined (NP *UNKN % )NP , (PP (ADVP primarily )ADVP because of (NP regulatory action )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Revenue )NP (VP was (ADJP about flat )ADJP (PP at (NP (QP $ 2.4 billion )QP )NP )PP )VP . )S  STOP
(S (NP Revenue )NP (VP was (VP reduced (NP (QP $ 33 million )QP )NP (PP by (NP (NP three extraordinary items )NP : (NP (NP (NP a California Public Utilities Commission refund )NP (PP for (NP an American Telephone & Telegraph Co. billing adjustment )NP )PP )NP ; (NP (NP a provision )NP (PP for (NP (NP productivity *UNKING )NP (SBAR (S (VP to (VP be (VP paid (PP to (NP customers )NP )PP (PP in (NP 1990 )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP and (NP (NP a one-time *UNK )NP (PP for (NP (NP a toll settlement )NP (PP with (NP long-distance telephone companies )NP )PP )NP )PP )NP )NP )NP )PP )VP )VP . )S  STOP
(S (PP Excluding (NP the one-time charges )NP )PP , (NP the company )NP (VP would (VP have (VP posted (NP (NP earnings )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 73 cents )NP (NP a share )NP )NP )NP )PP )NP )VP )VP )VP . )S  STOP
(S (NP The company )NP (ADVP also )ADVP (VP was (VP hurt (PP by (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP rate reduction )NP (SBAR (WHNP that )WHNP (S (VP went (PP into (NP effect )NP )PP (PP in (NP 1989 )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP This )NP (VP is (NP a good quarter )NP (PP for (NP us )NP )PP (PP in (NP (NP terms )NP (PP of (NP our business fundamentals )NP )PP )NP )PP )VP )S , '' (VP said )VP (NP (NP Sam *UNKC )NP , (NP (NP chairman )NP and (NP chief executive officer )NP )NP )NP . )SINV  STOP
(S (S (NP Pacific Telesis )NP (VP said (SBAR (S (NP new telephone lines )NP (VP increased (NP 4.5 % )NP (PP for (NP (NP a total )NP (PP of (NP (QP about $ 13.5 million )QP )NP )PP (PP for (NP the quarter )NP )PP )NP )PP )VP )S )SBAR )VP )S ; (S (NP toll calls )NP (VP increased (NP 9.6 % )NP (PP to (NP (QP *UNKN million )QP )NP )PP )VP )S and (S (NP (NP minutes )NP (PP of (NP telephone *UNK )NP )PP )NP (VP increased (PP to (NP (QP 9.9 billion )QP )NP )PP )VP )S . )S  STOP
(S (PP In (NP Big Board composite trading )NP )PP (NP yesterday )NP , (NP Pacific Telesis common )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP up (NP 87.5 cents )NP )ADVP )VP . )S  STOP
(FRAG (X a )X - (VP *UNKC (NP (NP a one-time gain )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (NP a *UNK sale )NP (PP by (NP (NP U S West 's )NP U S West New *UNKC Group )NP )PP )NP )PP )NP )VP . )FRAG  STOP
(FRAG (X b )X - (VP *UNKC (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP gain )NP (PP on (NP (NP the sale )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP )VP . )FRAG  STOP
(S (NP Amoco Corp. )NP (VP said (SBAR (S (NP third-quarter net income )NP (VP plunged (NP 39 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 65 cents )NP (NP a share )NP )NP )NP )PP , (SBAR as (S (NP gasoline refining and marketing profits )NP (VP lagged (ADVP substantially )ADVP (PP behind (NP (NP last year 's )NP record level )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A charge )NP (PP of (NP (QP $ 80 million )QP )NP )PP (VP related (PP to (NP (NP projected environmental costs )NP (PP in (NP its refining and marketing operations )NP )PP )NP )PP )VP )NP (ADVP further )ADVP (VP depressed (NP results )NP )VP . )S  STOP
(S (NP A spokesman )NP (VP said (SBAR (SBAR (S (NP Amoco )NP (VP completed (NP an environmental analysis )NP (NP last quarter )NP )VP )S )SBAR but (SBAR that (S (NP no single *UNK- project )NP (VP was (ADJP responsible )ADJP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (PP In (NP the 1988 third quarter )NP )PP , (NP the Chicago-based oil company )NP (VP earned (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )VP . )S  STOP
(S (NP (NP Revenue )NP (PP in (NP the latest quarter )NP )PP )NP (VP rose (NP 12 % )NP (PP to (NP (QP $ 6.6 billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (ADVP Aside (PP from (NP the special charge )NP )PP )ADVP , (NP (NP Amoco 's )NP results )NP (VP were (PP in (NP (NP line )NP (PP with (NP Wall Street estimates )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The company 's )NP stock )NP (VP ended (PP at (NP $ *UNKN )NP )PP , (ADVP up (NP 25 cents )NP )ADVP (PP in (NP New York Stock Exchange composite trading )NP )PP )VP . )S  STOP
(S (NP Amoco )NP (VP is (NP (NP the first major oil company )NP (SBAR (S (VP to (VP report (NP third-quarter results )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Analysts )NP (VP expect (S (NP others )NP (VP to (VP show (NP a similar pattern )NP )VP )VP )S )VP . )S  STOP
(S (ADVP Generally )ADVP (PP in (NP the quarter )NP )PP , (NP (NP (NP *UNK )NP (PP of (NP gasoline )NP )PP )NP and (NP higher crude oil prices )NP )NP (VP pressured (NP profitability )NP )VP . )S  STOP
(S (NP (NP The industry 's )NP chemical profits )NP (ADVP also )ADVP (VP declined (SBAR because (S (NP excess capacity )NP (VP has (VP depressed (NP prices )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (S (NP *UNKC margins )NP (VP may (VP rebound (NP this quarter )NP )VP )VP )S , (NP some industry officials )NP (VP say )VP )S , but (S (NP they )NP (VP believe (SBAR (S (NP chemical margins )NP (VP could (VP *UNK )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP (NP American *UNKC Inc. )NP , (NP a *UNKED integrated oil company )NP , )NP (NP yesterday )NP (VP said (SBAR (S (NP its third-quarter earnings )NP (VP declined (PP by (NP (QP more than half )QP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP blamed (NP (NP lower chemical prices )NP , (NP reduced gasoline margins )NP and (NP refinery maintenance *UNK )NP )NP )VP . )S  STOP
(S (NP It )NP (VP said (SBAR (S (NP net income )NP (VP dropped (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 98 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Sales )NP (VP rose (NP 2.2 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP (NP (NP Amoco 's )NP refining and marketing profit )NP (PP in (NP the quarter )NP )PP )NP (VP fell (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP Chemical earnings )NP (VP declined (PP by (NP one-third )NP )PP (PP to (NP $ 120 million )NP )PP (X (NP (NP last year 's )NP robust levels )NP )X )VP . )S  STOP
(S (NP (NP Amoco 's )NP domestic oil and natural gas operations )NP (VP recorded (NP (NP a profit )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP (PP in (NP the quarter )NP )PP )NP (PP compared (PP with (NP (NP a loss )NP (PP of (NP (QP $ 5 million )QP )NP )PP )NP )PP )PP , `` (PP (ADVP primarily )ADVP on (NP (NP the strength )NP (PP of (NP higher crude oil prices )NP )PP )NP )PP , '' (PRN (SINV (VP said )VP (NP Chairman Richard M. *UNKC )NP )SINV )PRN )VP . )S  STOP
(S (NP Amoco )NP (ADVP also )ADVP (ADVP sharply )ADVP (VP boosted (NP (NP *UNK- output )NP , (NP (NP part )NP (PP of (NP it )NP )PP (PP from (NP (NP properties )NP (VP acquired (PP from (NP *UNKC Inc. )NP )PP (NP last year )NP )VP )NP )PP )NP )NP )VP . )S  STOP
(S But (NP foreign exploration and production earnings )NP (VP fell (ADVP sharply )ADVP , (PP to (NP (QP $ 12 million )QP )NP )PP (PP from (NP (QP $ 95 million )QP )NP )PP )VP . )S  STOP
(S (NP *UNKC oil prices )NP (VP were n't (ADJP enough (S (VP to (VP offset (NP (NP a (ADJP (QP roughly $ 20 million )QP )ADJP charge )NP (VP related (PP to (NP (NP (NP a (ADJP 10 % )ADJP reduction )NP (PP in (NP (NP Amoco 's )NP Canadian work force )NP )PP )NP (CONJP as well as )CONJP (NP increased exploration expenses )NP )NP )PP )VP )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (S (PP For (NP the nine months )NP )PP , (NP Amoco )NP (VP said (SBAR that (S (NP net income )NP (VP fell (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP )S )SBAR )VP )S but (S (SBAR if (S (NP unusual items )NP (VP are (VP *UNKED )VP )VP )S )SBAR , (NP operations )NP (VP produced (NP (ADJP essentially flat )ADJP results )NP )VP )S . )S  STOP
(S (NP Revenue )NP (VP rose (NP 12 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP (NP (NP James F. *UNKC )NP , (NP (NP former (NX (NX chairman )NX and (NX chief executive officer )NX )NX )NP (PP of (NP *UNKC Inc. )NP )PP )NP , )NP and (NP (NP Richard J. *UNKC III )NP , (NP a Dallas investment banker )NP , )NP )NP (VP were (VP elected (S (NP (NP directors )NP (PP of (NP this *UNK- concern )NP )PP )NP )S , (S (VP boosting (NP the board )NP (PP to (NP seven members )NP )PP )VP )S )VP )VP . )S  STOP
(S (PP For (NP retailers )NP )PP , (NP (NP Christmas )NP , not (NP *UNKC )NP , )NP (VP promises (S (VP to (VP be (NP (NP this year 's )NP *UNK season )NP )VP )VP )S )VP . )S  STOP
(S (NP Many retailers )NP (VP fear (SBAR (S (NP a price war )NP (VP will (VP *UNK (SBAR if (S (NP (NP *UNKED companies )NP (PP such as (NP Campeau Corp. )NP )PP )NP (VP slash (NP *UNK )NP (S (VP to (VP spur (NP sales )NP )VP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP *UNKC )NP (PP about (NP the stock market )NP )PP )NP , (NP (NP doubts )NP (PP about (NP the economy )NP )PP (PP in (ADJP general )ADJP )PP )NP and (NP (NP rising competition )NP (PP from (NP catalog companies )NP )PP )NP )NP (ADVP also )ADVP (VP *UNK (NP store operators )NP )VP . )S  STOP
(SINV `` (S (NP (NP Profits )NP (PP at (NP Christmas )NP )PP )NP (VP could (VP be (PP under (NP attack )NP )PP (PP for (NP every retailer )NP )PP )VP )VP )S , '' (VP asserts )VP (NP (NP Norman Abramson )NP , (NP (NP (NP president )NP and (NP chief operating officer )NP )NP (PP of (NP (NP *UNKC Inc. )NP , (NP an *UNK- chain )NP )NP )PP )NP )NP . )SINV  STOP
(S (SBAR Even if (S (NP there )NP (VP is n't (NP any widespread discounting )NP )VP )S )SBAR , (NP (NP the outlook )NP (PP for (NP industry profits )NP )PP )NP (VP is n't (ADJP good )ADJP )VP . )S  STOP
(S (NP Management *UNKC )NP (VP forecasts (NP (NP a (ADJP 1.4 % )ADJP profit decline )NP (PP for (NP *UNK- retailers )NP )PP (NP this year )NP )NP , (PP after (NP (NP annual drops )NP (SBAR (WHNP that )WHNP (S (VP averaged (NP 4.5 % )NP (PP in (NP 1988 and 1987 )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(SINV `` (S (PP For (NP the last two and a half years )NP )PP , (NP retailing )NP (VP has (VP been (PP in (NP a *UNK recession )NP )PP )VP )VP )S , '' (VP says )VP (NP (NP Carl *UNKC )NP , (NP (NP chief economist )NP (PP at (NP the (NAC Columbus , Ohio , )NAC consulting firm )NP )PP )NP )NP . )SINV  STOP
(S (S (NP This year )NP , (NP many stores )NP (VP are (VP entering (NP the Christmas season )NP (PP in (NP turmoil )NP )PP )VP )VP )S : (S (S (NP *UNKC *UNKC and B. *UNKC parent L.J. Hooker Corp. )NP (VP is (VP operating (PP under (NP (NP Chapter 11 )NP (PP of (NP the federal Bankruptcy Code )NP )PP )NP )PP )VP )VP )S ; (S (NP (NP B.A.T Industries PLC 's )NP healthy Saks Fifth Avenue and (NP Marshall Field 's )NP chains )NP (VP are (PP on (NP the auction block )NP )PP )VP )S ; (S (NP (NP Campeau 's )NP (NX Bloomingdale 's )NX )NP (VP is (ADVP also )ADVP (PP on (NP the block )NP )PP )VP )S )S . )S  STOP
(S (NP Industry observers )NP (VP expect (NP (NP a wide *UNK )NP (PP in (NP performance )NP )PP )NP )VP . )S  STOP
(S (NP (NP Stores )NP (PP in (NP (NP a state )NP (PP of (NP confusion )NP )PP )NP )PP )NP (VP are (ADJP likely (S (VP (VP to (VP fare (ADVP poorly )ADVP )VP )VP , and (VP to (VP lose (NP customers )NP (PP to (NP (NP stable chains )NP (PP such as (NP (NP Limited Inc. )NP , (NP May Department Stores Co. )NP and (NP *UNKC Department Stores Inc. )NP )NP )PP , (SBAR (WHNP which )WHNP (S (VP should (VP do (ADVP well )ADVP )VP )VP )S )SBAR )NP )PP )VP )VP )VP )S )ADJP )VP . )S  STOP
(SINV `` (S (NP There )NP (VP are (VP going (S (VP to (VP be (NP (NP (ADJP very clear )ADJP winners )NP and (NP (ADJP very clear )ADJP losers )NP )NP )VP )VP )S )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP a *UNKC Ross & Co. retail consultant )NP )NP . )SINV  STOP
(SINV (VP Says )VP (NP Mr. *UNKC )NP : `` (S (NP I )NP (VP 'm (VP looking (PP for (NP a *UNK- Christmas )NP )PP )VP )VP )S . '' )SINV  STOP
(S (NP Economists )NP (VP expect (S (NP (NP general merchandise sales )NP (PP in (NP the fourth quarter )NP )PP )NP (VP to (VP rise (NP 4.5 % )NP (PP to (NP 6 % )NP )PP (PP from (NP year-ago figures )NP )PP )VP )VP )S )VP . )S  STOP
(S But (NP Mr. *UNKC )NP (VP predicts (SBAR that (S (NP (NP healthy stores )NP (VP *UNKING (NP mostly apparel )NP )VP )NP (VP could (VP ring (PRT up )PRT (NP (NP gains )NP (PP of (NP (QP as much as 25 % to 30 % )QP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKED chains )NP (VP could (VP see (S (NP their sales )NP (VP drop (NP (QP as much as 8 )QP % )NP )VP )S (PRN , (S (NP he )NP (VP believes )VP )S , )PRN (SBAR as (S (NP (NP managers )NP (VP *UNKED (PP by (NP (NP fears )NP (PP about (NP the future )NP )PP )NP )PP )VP )NP (VP allow (S (NP their stores )NP (VP to (VP get (ADJP *UNK )ADJP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP *UNKC merchandise *UNK )NP (PP at (NP the (ADJP most troubled )ADJP chains )NP )PP )NP (VP are (ADVP also )ADVP (VP expected (S (VP to (VP hurt (NP sales )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP *UNKC companies )NP (VP are (ADJP likely (S (VP to (VP *UNK (NP (NP a bigger threat )NP (PP to (NP all stores )NP )PP )NP (NP this year )NP , (PP (ADVP particularly )ADVP in (NP December )NP )PP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP (QP More than 200 )QP catalog *UNK )NP (VP are (VP promoting (NP (NP a low-cost Federal Express service )NP (SBAR (WHNP that )WHNP (S (VP guarantees (NP (NP *UNK- delivery )NP (PP of (NP (NP orders )NP (VP made (PP by (NP a certain date )NP )PP )VP )NP )PP )NP )VP )S )SBAR )NP )VP )VP . )S  STOP
(SINV `` (S (ADVP *UNKLY )ADVP , (NP consumers )NP (VP were (VP concerned (PP about (S (VP ordering (PP after (NP (NP the first )NP (PP of (NP December )NP )PP )NP )PP )VP )S )PP (SBAR because (S (NP they )NP (VP did n't (VP believe (SBAR (S (NP they )NP (VP would (VP get (NP it )NP (PP by (NP Christmas )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP chairman )NP (PP of (NP (NP the *UNKC *UNKC Inc. )NP , (SBAR (WHNP which )WHNP (S (VP sells (NP wine *UNK and *UNK )NP (PP through (NP the mail )NP )PP )VP )S )SBAR )NP )PP )NP )NP . )SINV  STOP
(S (S (VP Using (NP Federal Express delivery )NP (NP last year )NP )VP )S (PRN , (S (NP Mr. *UNKC )NP (VP says )VP )S , )PRN `` (NP December )NP (VP was (NP our biggest month )NP )VP . '' )S  STOP
(S (NP Even Sears , Roebuck & Co. )NP (VP is (VP getting (PP into (NP the act )NP )PP , (S (VP offering (PP for (NP the first time )NP )PP (S (VP to (VP have (S (NP Federal Express )NP (VP deliver (NP (NP *UNK )NP (VP ordered (PP by (NP Dec. 20 )NP )PP (PP from (NP its *UNKC *UNKC catalog )NP )PP )VP )NP )VP )S )VP )VP )S )VP )S )VP )VP . )S  STOP
(S (NP K mart Corp. Chairman Joseph E. *UNKC )NP (VP *UNKED (PRT up )PRT (NP (NP his outlook )NP (PP for (NP the Christmas season )NP )PP )NP (PP as `` (ADJP not *UNK )ADJP )PP )VP . '' )S  STOP
(S (S (NP He )NP (VP 's not (VP predicting (NP a *UNK )NP )VP )VP )S , but (S (NP he )NP (VP is `` (ADJP (ADJP more optimistic )ADJP (PP than (ADVP (NP three months )NP ago )ADVP )PP )ADJP '' (SBAR because (S (S (NP employment )NP (VP remains (ADJP strong )ADJP )VP )S and (S (NP inflation )NP (ADJP low )ADJP )S )S )SBAR )VP )S . )S  STOP
(S (NP Other retailers )NP (VP are (ADVP also )ADVP (VP preparing (PP for (NP a *UNK- holiday )NP )PP )VP )VP . )S  STOP
(S (NP (NP Philip M. *UNKC )NP , (NP (NP chairman )NP (PP of (NP Carter *UNKC *UNKC Stores Inc. )NP )PP )NP , )NP (VP expects (S (NP (NP sales )NP (PP at (NP (NP department stores )NP (ADJP open (NP (QP at least a )QP year )NP )ADJP )NP )PP )NP (VP to (VP rise (NP (NP a modest (QP 3 % to 5 % )QP )NP (PP over (NP (NP last year 's )NP totals )NP )PP )NP , (PP both for (NP (NP his company )NP and (NP (NP the industry )NP (PP in (NP general )NP )PP )NP )NP )PP )VP )VP )S )VP . )S  STOP
(S `` (S (NP I )NP (VP 'm not (VP looking (PP for (NP a *UNK Christmas )NP )PP (ADVP at all )ADVP )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (S (NP It )NP (VP is n't (NP a real boom holiday season )NP (PP in (NP our eyes )NP )PP )VP )S (PRN , '' (SINV (VP says )VP (NP *UNKC Corp. Chairman Harold E. Sells )NP )SINV , `` )PRN but (S (NP it )NP (VP is n't (VP going (S (VP to (VP be (NP a *UNK )NP )VP )VP )S (ADVP either )ADVP )VP )VP )S . '' )S  STOP
(S (NP Mr. Sells )NP (VP expects (S (NP (NP fourth-quarter sales )NP (PP at (NP (NP his company )NP -- (SBAR (WHNP which )WHNP (S (PP besides (NP *UNKC stores )NP )PP (VP includes (NP (NP *UNKC and *UNKC *UNKC *UNK stores )NP and (NP other specialty chains )NP )NP )VP )S )SBAR -- )NP )PP )NP (VP to (VP rise `` (PP (ADVP pretty much )ADVP in (NP (NP line )NP '' (PP with (NP (NP its *UNK- increases )NP (PP of (NP (QP between 8 % and 9 % )QP )NP )PP )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The estimate )NP (VP includes (NP (NP the results )NP (PP of (NP new stores )NP )PP )NP )VP . )S  STOP
(S (NP (NP A consumer poll )NP (VP conducted (PP in (NP early September )NP )PP (PP by (NP (NP *UNKC J. *UNKC & Associates )NP , (NP (NP a market researcher )NP (VP based (PP in (NP Chicago )NP )PP )VP )NP , )NP )PP )VP )NP (ADVP also )ADVP (VP suggests (NP a modest holiday )NP )VP . )S  STOP
(S (PP Of (NP the 450 survey respondents )NP )PP , (S (NP (NP 35 % )NP )NP (VP said (SBAR (S (NP they )NP (VP expect (S (VP to (VP spend (NP (NP less )NP )NP (S (VP buying (NP Christmas gifts )NP )VP )S (NP this year )NP (PP than (NP last year )NP )PP )VP )VP )S )VP )S )SBAR )VP )S , (SBAR while (S (NP 28 % )NP (VP said (SBAR (S (NP they )NP (VP expect (S (VP to (VP spend (NP more )NP )VP )VP )S )VP )S )SBAR )VP )S )SBAR and (S (NP 37 % )NP (VP said (SBAR (S (NP their *UNK budget )NP (VP would (VP stay (NP the same )NP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP The results )NP (VP are (ADJP almost *UNK (PP to (NP (NP Shapiro 's )NP September 1988 numbers )NP )PP )ADJP )VP . )S  STOP
(S (NP *UNKC )NP (VP could (VP get (NP a boost )NP (NP this year )NP (PP from (NP the calendar )NP )PP )VP )VP . )S  STOP
(S (NP Christmas )NP (VP falls (PP on (NP a Monday )NP )PP , (S (VP creating (NP (NP a big *UNK- weekend opportunity )NP (PP for (NP stores )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP Most )NP (VP will (VP (VP stay (ADJP open )ADJP (ADVP late )ADVP (NP Saturday night )NP )VP and (VP open (NP their doors )NP (ADVP again )ADVP (NP Sunday )NP )VP )VP )VP . )S  STOP
(S But (NP many consumers )NP (ADVP probably )ADVP (VP will (VP use (NP the extra time )NP (S (VP to (VP put (PRT off )PRT (NP some purchasing )NP (PP until (NP the last minute )NP )PP )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (SBAR (WHNP What )WHNP (S (NP you )NP (VP 'll (VP hear (SBAR as (S (NP we )NP (VP get (PP into (NP December )NP )PP )VP )S )SBAR )VP )VP )S )SBAR (VP is (SBAR that (S (NP sales )NP (VP are (ADJP sluggish )ADJP )VP )S )SBAR )VP )S , '' (VP predicts )VP (NP (NP Woolworth 's )NP Mr. Sells )NP . )SINV  STOP
(S `` (NP (NP The week )NP (VP ending (NP the *UNK )NP )VP )NP (VP is (VP going (S (VP to (VP save (NP the entire month )NP (PP for (NP everyone )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP The Spanish author *UNKC Jose *UNKC )NP (VP (VP won (NP (NP the Nobel *UNKC )NP (PP for (NP literature )NP )PP )NP (NP yesterday )NP )VP , (NP (NP a surprising choice )NP , but (PRN (PP given (NP (NP the Swedish Academy 's )NP past *UNK )NP )PP , )PRN (ADVP hardly )ADVP (NP (NP the (ADJP (ADJP most *UNKED )ADJP and (ADJP ridiculous )ADJP )ADJP *UNK )NP (VP handed (PRT out )PRT (PP by (NP the *UNKING committee )NP )PP )VP )NP )NP )VP . )S  STOP
(S (PP In (NP Spain )NP )PP , (ADVP anyway )ADVP , (NP the *UNK- Mr. *UNKC )NP (VP enjoys (NP (NP some *UNK )NP (PP for (NP (NP the novels and travel books )NP (SBAR (S (NP he )NP (VP wrote (PP during (NP (NP the *UNKED *UNKC years )NP , (SBAR (WHNP (NP (NP the everyday poverty )NP and (NP *UNK atmosphere )NP )NP (WHPP of (WHNP which )WHNP )WHPP )WHNP (S (NP he )NP (VP described (PP in (NP (ADJP *UNKLY direct )ADJP , *UNK *UNK )NP )PP , (S (VP beginning (PP with (NP `` (NP (NP The Family )NP (PP of (NP *UNKC *UNKC )NP )PP )NP '' (PRN -LRB- (NP *UNKN )NP -RRB- )PRN )NP )PP )VP )S )VP )S )SBAR )NP )PP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (PP Unlike (NP (NP other writers )NP (SBAR (WHNP who )WHNP (S (VP either (VP *UNKED (NP the *UNK )NP (PP during (NP the Civil War )NP )PP )VP , or (VP left (NP Spain )NP (SBAR (WHADVP when )WHADVP (S (NP Franco )NP (VP *UNKED )VP )S )SBAR )VP )VP )S )SBAR )NP )PP , (NP Mr. *UNKC )NP (VP fought (ADVP briefly )ADVP (PP on (NP (NP the general 's )NP side )NP )PP , (NP no doubt )NP (S (VP earning (PP with (NP his war *UNK )NP )PP (NP (NP some *UNK )NP (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP went (PRT on )PRT (S (VP to (VP *UNK (NP (NP a country )NP (PP with (NP (NP a high population )NP (PP of (NP (NP (NP *UNK )NP , (NP *UNK )NP and (NP rural *UNK )NP )NP (VP *UNKING (ADVP *UNKLY )ADVP (PP through (NP a *UNK- land )NP )PP )VP )NP )PP )NP )PP )NP )VP )VP )S )VP )S )SBAR )NP )VP )S )VP . )S  STOP
(S (S (ADVP Still )ADVP , (NP it )NP (VP was (PP in (NP *UNKC editions )NP )PP (SBAR (WHADVP that )WHADVP (S (NP his *UNK )NP (ADVP first )ADVP (VP read (NP (NP his story )NP (PP of (NP (NP *UNKC *UNKC )NP , (NP (NP a field worker )NP (SBAR (WHNP who )WHNP (S (VP (VP *UNKED (NP his mother )NP (PP to (NP death )NP )PP )VP and (VP has (NP no *UNK )NP (SBAR as (S (NP he )NP (VP *UNK (NP his end )NP (PP in (NP a prison cell )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )NP )NP )PP )NP )VP )S )SBAR )VP )S : `` (S (NP *UNKC )NP (VP (VP directs (NP some men )NP (PP down (NP the *UNKED path )NP )PP )VP , and (VP (NP others )NP (PP down (NP (NP the road )NP (VP *UNKED (PP with (NP (NP *UNK )NP and (NP *UNKLY *UNK )NP )NP )PP )VP )NP )PP )VP )VP )S . )S  STOP
(S (NP The lucky ones )NP (VP (VP *UNK (ADVP out )ADVP (PP at (NP life )NP )PP (PP with (NP *UNK eyes )NP )PP )VP and (VP *UNK (PP with (NP (NP a face )NP (PP of (NP *UNK )NP )PP )NP )PP (PP at (NP their *UNKED *UNK )NP )PP )VP )VP . )S  STOP
(S (NP The others )NP (VP (VP *UNK (NP (NP the hot sun )NP (PP of (NP the *UNK )NP )PP )NP )VP and (VP *UNK (PP like (NP *UNKED wild *UNK )NP )PP )VP )VP . '' )S  STOP
(S (NP (NP Mr. *UNKC )NP (NP himself )NP )NP (VP was (NP (NP one )NP (PP of (NP the lucky ones )NP )PP )NP , (S (NP his fortunes )NP (ADVP steadily )ADVP (VP increasing (PP over (NP (NP the decades )NP (SBAR (S (NP he )NP (VP spent (S (VP putting (PRT out )PRT (NP (QP some 70 )QP (NX (NX *UNK )NX , (NX novels )NX , (NX short story *UNK )NX and (NX *UNK )NX )NX )NP )VP )S )VP )S )SBAR )NP )PP )VP )S )VP . )S  STOP
(S (NP These days )NP , (NP he )NP (VP is (ADJP (NP as known )NP (PP for (NP (NP his *UNK *UNK )NP and (NP (NP the *UNK *UNK )NP (SBAR (WHNP who )WHNP (S (VP shares (NP his life )NP )VP )S )SBAR )NP )NP )PP (SBAR as (S (NP he )NP (VP is (PP for (NP his books )NP )PP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP (NP The man )NP (SBAR (WHNP who )WHNP (S (VP *UNK (PRT out )PRT (NP his shoes )NP (S (VP *UNKING (PP around (NP *UNKC )NP )PP (PP in (NP *UNKN )NP )PP )VP )S , (S (VP describing (PP in (NP (NP his travel book )NP `` (NP *UNKC a la *UNKC )NP '' )NP )PP (SBAR (WHADVP how )WHADVP (S (NP he )NP (VP (VP *UNKED (PP for (NP food )NP )PP )VP and (VP stayed (PP in (NP *UNK *UNK )NP )PP )VP )VP )S )SBAR )VP )S , )VP )S )SBAR )NP (ADVP now )ADVP (VP *UNK (NP Spain )NP (PP in (NP a *UNKC )NP )PP )VP . )S  STOP
(S (PP Of (NP his 10 novels )NP )PP , (NP `` (NP The *UNKC )NP '' (PRN -LRB- (NP *UNKN )NP -RRB- )PRN , (ADJP (ADJP full (PP of (NP (NP sharp *UNK )NP (PP of (NP *UNKC life )NP )PP )NP )PP )ADJP and (ADJP *UNKED (PP on (NP (NP a *UNK )NP (VP run (PP by (NP (NP *UNKC *UNKC )NP , (NP (NP a *UNKED , *UNKED woman )NP (PP with (NP (NP *UNKED little *UNK )NP (VP *UNKED (PP in (NP *UNK )NP )PP )VP )NP )PP )NP )NP )PP )VP )NP )PP )ADJP )ADJP , )NP (VP used (S (VP to (VP be (ADJP available (PP in (NP English )NP )PP )ADJP , (S (VP (VP translated (PP by (NP *UNKC Cohen )NP )PP )VP and (VP published (PP by (NP (NP *UNKC Press )NP , (SBAR (WHNP which )WHNP (S (ADVP now )ADVP (NP no doubt )NP (VP *UNK (S (VP *UNKING (NP its copyright )NP )VP )S )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP )S )VP . )S  STOP
(SINV (ADVP Here )ADVP (VP is )VP (NP an *UNK )NP : )SINV  STOP
(S (NP The *UNKLY woman )NP (VP *UNK (PRT on )PRT (PP in (NP (NP the direction )NP (PP of (NP the Plaza de *UNKC *UNKC )NP )PP )NP )PP )VP . )S  STOP
(S (NP Two men )NP (VP have (NP a conversation )NP (PP behind (NP (NP one )NP (PP of (NP (NP the windows )NP (PP of (NP (NP the *UNK )NP (PP on (NP (NP the corner )NP (PP of (NP the *UNK )NP )PP )NP )PP )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Both )NP (VP are (ADJP young )ADJP , (S (S (NP one )NP (ADJP *UNK odd )ADJP )S , (S (NP the other )NP (ADJP *UNK odd )ADJP )S )S )VP . )S  STOP
(S (S (NP The older one )NP (VP looks (PP like (NP (NP a member )NP (PP of (NP (NP the jury )NP (PP for (NP a literary award )NP )PP )NP )PP )NP )PP )VP )S , (S (NP the younger one )NP (VP looks (PP like (NP a *UNK )NP )PP )VP )S . )S  STOP
(S (NP (NP It )NP )NP (VP is (ADJP evident )ADJP (SBAR that (S (NP their conversation )NP (VP runs (ADVP more or less )ADVP (PP on (NP (NP the following lines )NP : `` (S (S (NP I )NP (VP 've (VP submitted (NP (NP the *UNK )NP (PP of (NP my novel )NP )PP )NP (PP under (NP (NP the title )NP ` (NP *UNKC de *UNKC )NP )NP )PP )VP )VP )S , ' and (S (PP in (NP it )NP )PP (NP I )NP (VP 've (VP treated (NP (NP a few *UNKED aspects )NP (PP of (NP (NP that *UNK problem )NP (SBAR (WHNP which )WHNP )SBAR )NP )PP )NP )VP )VP )S )S ... '' )NP )PP )VP )S )SBAR )VP )S  STOP
(INTJ `` *UNK , yes . )INTJ  STOP
(SQ Will (NP you )NP (VP *UNK (NP me )NP (NP (NP a drop )NP (PP of (NP water )NP )PP )NP , (SBAR if (S (NP you )NP (VP do n't (VP mind )VP )VP )S )SBAR )VP ? '' )SQ  STOP
(PP `` With (NP *UNK )NP . )PP  STOP
(S (S (NP I )NP (VP 've (VP revised (NP it )NP (NP several times )NP )VP )VP )S and (S (NP I )NP (VP think (SBAR (S (NP I )NP (VP may (VP say (PP with (NP pride )NP )PP (SBAR that (S (NP there )NP (VP is not (NP (NP a single *UNK word )NP (PP in (NP the whole text )NP )PP )NP )VP )S )SBAR )VP )VP )S )SBAR )VP )S . '' )S  STOP
(FRAG (WHADVP `` How interesting . '' )WHADVP )FRAG  STOP
(S `` (NP I )NP (VP think (ADVP so )ADVP )VP . )S  STOP
(S (S (NP I )NP (VP do n't (VP know (NP (NP the quality )NP (PP of (NP (NP the works )NP (SBAR (S (NP my colleagues )NP (VP have (VP sent (PP in )PP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S , but (S (PP in (NP any case )NP )PP (NP I )NP (VP feel (ADJP confident (SBAR that (FRAG (NP (NP good sense )NP and (NP *UNK judgment )NP )NP )FRAG )SBAR )ADJP )VP )S ... '' )S  STOP
(S `` (S (VP *UNKC (S (ADJP assured )ADJP )S )VP )S , (S (NP we )NP (VP proceed (PP with (NP *UNK *UNK )NP )PP )VP )S . '' )S  STOP
(S `` (NP I )NP (VP do n't (VP doubt (NP it )NP (PP for (NP a moment )NP )PP )VP )VP . )S  STOP
(S (NP It )NP (VP does not (VP matter (SBAR if (S (NP one )NP (VP is (VP defeated )VP )VP )S )SBAR , (PP provided (SBAR (S (NP (NP the work )NP (SBAR (WHNP that )WHNP (S (VP gets (NP the award )NP )VP )S )SBAR )NP (VP has (NP *UNK *UNK )NP )VP )S )SBAR )PP )VP )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (VP 's (ADJP so discouraging )ADJP )VP )S )SBAR (VP is )VP ... '' )S  STOP
(S (PP In (S (VP passing (NP the window )NP )VP )S )PP , (NP *UNKC *UNKC )NP (VP gives (NP them )NP (NP a *UNK )NP -- (ADVP simply )ADVP (PP out (PP of (NP *UNK )NP )PP )PP )VP . )S  STOP
(S (NP Ashland Oil Inc. )NP (VP said (SBAR (S (NP it )NP (VP will (VP take (NP (NP after-tax charges )NP (PP of (NP (NP (QP $ 78 million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP )NP (PP in (NP (NP its fiscal fourth quarter )NP , (VP ended (NP Sept. 30 )NP )VP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Because of (NP the charge )NP )PP , (NP Ashland )NP (VP expects (S (VP to (VP report (NP (NP (NP a loss )NP (PP for (NP the fourth quarter )NP )PP )NP and (NP `` (NP (ADJP significantly lower )ADJP results )NP '' (PP for (NP fiscal 1989 )NP )PP )NP )NP )VP )VP )S )VP . )S  STOP
(S (NP The oil *UNK )NP (VP said (SBAR (S (NP it )NP (VP will (VP report (NP fiscal fourth quarter and 1989 results )NP (NP next week )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP earned (NP (NP (QP $ 66 million )QP )NP , or (NP (NP $ 1.19 )NP (NP a share )NP )NP , )NP (PP on (NP (NP revenue )NP (PP of (NP (QP $ 2.1 billion )QP )NP )PP )NP )PP (PP in (NP the year-ago fourth quarter )NP )PP )VP . )S  STOP
(S (PP For (NP fiscal 1988 )NP )PP , (NP Ashland )NP (VP had (NP (NP net )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP )NP (PP on (NP (NP revenue )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Both revenue figures )NP (VP exclude (NP *UNK taxes )NP )VP . )S  STOP
(S (NP The charges )NP (VP consist (PP of : (NP (NP (NP a (ADJP (QP $ 25 million )QP )ADJP after-tax charge )NP (SBAR (S (VP to (VP cover (NP (NP cost *UNK )NP (PP in (NP (NP Ashland 's )NP *UNKC Consolidated subsidiary )NP )PP )NP )VP )VP )S )SBAR )NP ; (NP (NP a (ADJP previously announced )ADJP (ADJP (QP $ 38 million )QP )ADJP after-tax charge )NP (VP resulting (PP from (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP settlement )NP (PP with (NP National Iranian Oil Co. )NP )PP )NP )PP )VP )NP and (NP (NP a (ADJP (QP $ 15 million )QP )ADJP after-tax charge )NP (PP from (NP (NP the (ADJP previously announced )ADJP sale )NP (PP of (NP its Ashland Technology Corp. subsidiary )NP )PP )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP Ashland )NP (VP expects (S (NP that sale )NP (VP to (VP be (ADJP complete )ADJP (NP next year )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP The charge )NP (PP for (NP the *UNKC subsidiary )NP )PP )NP (VP is (PP for (NP (NP expected costs )NP (SBAR (S (VP to (VP correct (NP (NP problems )NP (PP with (NP (NP certain bed *UNK )NP (VP built (PP for (NP utilities )NP )PP )VP )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The charge )NP (VP will (VP be (VP added (PP to (NP (NP (QP $ 20 million )QP )NP (PP in (NP reserves )NP )PP (VP established (ADVP (NP a year )NP ago )ADVP (S (VP to (VP cover (NP the cost *UNK )NP )VP )VP )S )VP )NP )PP )VP )VP )VP . )S  STOP
(SQ (SBAR (WHADVP When )WHADVP (S (NP President Bush )NP (VP *UNK (ADVP here )ADVP (NP next week )NP (PP for (NP (NP a *UNK summit )NP (VP organized (S (VP to (VP *UNK (NP (NP a century )NP (PP of (NP (ADJP Costa Rican )ADJP democracy )NP )PP )NP )VP )VP )S )VP )NP )PP )VP )S )SBAR , will (NP he )NP (VP be (ADJP able (S (VP to (VP deliver (NP a credible message )NP )VP )VP )S )ADJP (PP in (NP (NP the wake )NP (PP of (NP the Panamanian *UNK )NP )PP )NP )PP )VP ? )SQ  STOP
(S (ADVP *UNKLY )ADVP (NP Mr. Bush )NP (VP will (VP be (VP *UNKED (PP by (NP (NP some Latin leaders )NP (ADJP *UNK (S (VP to (VP pay (NP *UNK service )NP (PP to (NP *UNK )NP )PP )VP )VP )S )ADJP )NP )PP , (SBAR while (S (NP they )NP (ADVP privately )ADVP (VP encourage (NP (NP (ADJP more *UNK )ADJP U.S. action )NP (SBAR (S (VP to (VP (VP remove (NP Gen. Manuel Noriega )NP )VP and (VP *UNK (NP their countries )NP (PP from (NP a Sandinista *UNK )NP )PP )VP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP The Panamanian affair )NP (VP is (NP (NP only the *UNK )NP (PP of (NP a (ADJP more *UNKING )ADJP *UNK )NP )PP )NP )VP . )S  STOP
(S (NP It )NP (VP *UNK (PP in (NP a Bush administration decision (S not (VP to (VP (VP *UNK (NP the U.S. Congress )NP )VP and (VP avoid , (PP at (NP all costs )NP )PP , (S (VP being (VP accused (PP of (S (VP *UNKING (PP in (NP the region )NP )PP )VP )S )PP )VP )VP )S )VP )VP )VP )S )NP )PP )VP . )S  STOP
(S (NP The result )NP (VP has (VP been (NP (NP a dangerous *UNK )NP (PP of (NP U.S. leadership )NP )PP , (SBAR (WHNP which )WHNP (S (VP leaves (S (NP Central America )NP (ADJP open (PP to (NP Soviet *UNK )NP )PP )ADJP )S )VP )S )SBAR )NP )VP )VP . )S  STOP
(SINV `` (S (S (NP (NP The -LCB- influence )NP (PP of (NP the -RCB- U.S. )NP )PP )NP (VP is not (VP being (VP felt (PP in (NP Central America )NP )PP )VP )VP )VP )S ; (S (NP (NP Washington 's )NP decisions )NP (VP (VP do not (VP respond (PP to (NP a policy )NP )PP )VP )VP , and (VP are (VP *UNKED (PP from (NP reality )NP )PP )VP )VP )VP )S )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a (ADJP Costa Rican )ADJP congressman )NP and (NP former foreign minister )NP )NP )NP . )SINV  STOP
(S (NP (NP The disarray )NP (PP of (NP (NP the Bush administration 's )NP Latin *UNK )NP )PP )NP (VP was (ADJP evident )ADJP (PP in (NP (NP the failure )NP (PP of (NP (NP the Organization )NP (PP of (NP American States )NP )PP )NP )PP (S (VP to (VP *UNK (ADVP *UNKLY )ADVP (NP Gen. Noriega )NP )VP )VP )S )NP )PP )VP . )S  STOP
(S (S (VP *UNKED (PP with (NP this embarrassment )NP )PP )VP )S , (NP U.S. *UNK )NP (VP expressed (NP confidence (SBAR that (S (NP (NP the influential *UNKC Group )NP (PP of (NP (ADJP South American )ADJP nations )NP )PP , (SBAR (WHNP which )WHNP (S (VP gathered (NP last week )NP (PP in (NP Peru )NP )PP )VP )S )SBAR , )NP (VP would (VP take (NP (NP a stronger *UNK )NP (PP toward (NP the Panamanian dictator )NP )PP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S But (ADVP other (PP than (NP (NP a few *UNK )NP (PP on (NP the *UNK )NP )PP )NP )PP )ADVP , (NP Gen. Noriega )NP (VP went (ADJP *UNKED (PP by (NP that body )NP )PP )ADJP , (ADVP too )ADVP )VP )S ; (S (NP he )NP (VP was not (VP (ADVP even )ADVP *UNKED (PRT out )PRT (PP in (NP the closing statement )NP )PP )VP )VP )S . )S  STOP
(S (ADVP Now )ADVP (NP Mr. Bush )NP (VP will (VP (VP come (PP to (NP Costa Rica )NP )PP )VP and (VP *UNK (NP (NP Nicaraguan *UNK Daniel Ortega )NP , (ADJP eager (PP for (NP (NP *UNK opportunities )NP (PP with (NP the U.S. president )NP )PP )NP )PP )ADJP )NP )VP )VP )VP . )S  STOP
(S (NP (NP The host )NP , (NP Costa Rican President *UNKC *UNKC )NP , )NP (VP did not (VP *UNK (NP *UNKC , Cuba , Panama or *UNKC )NP (PP to (NP (NP the summit )NP , (SBAR (WHNP which )WHNP (S (VP was (S (VP to (VP be (VP restricted (PP to (NP *UNK )NP )PP )VP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (ADVP However )ADVP , (NP Mr. Ortega )NP (VP was (VP included )VP )VP . )S  STOP
(S (S (ADVP *UNKLY )ADVP (VP *UNKING (NP the Sandinistas )NP (PP to (NP a democratic status )NP )PP )VP )S (VP was (NP (NP an initiative )NP (VP (ADVP *UNKLY )ADVP criticized (PP in (NP the (ADJP Costa Rican )ADJP press )NP )PP )VP )NP )VP . )S  STOP
(S (NP (NP Even Carlos Manuel *UNKC )NP -- (NP (NP the presidential candidate )NP (PP for (NP (NP Mr. Arias 's )NP National *UNKC Party )NP )PP )NP -- )NP (VP made (S (ADJP public )ADJP (NP (NP his opposition )NP (PP to (NP (NP the presence )NP (PP of (NP Nicaragua )NP )PP `` (PP in (NP a democratic *UNK )NP )PP )NP )PP )NP )S )VP . '' )S  STOP
(S (ADVP Nevertheless )ADVP , (NP the Bush administration )NP (VP agreed (PP to (NP the dubious arrangement )NP )PP (PP in (NP July )NP )PP , (SBAR (NP a few weeks )NP before (S (NP the (ADJP Central American )ADJP presidents )NP (VP met (PP in (NP (NP *UNKC )NP , (NP *UNKC )NP , )NP )PP (S (VP to (VP discuss (NP (NP a timetable )NP (PP for (S (VP *UNKING (NP the *UNK- rebels )NP )VP )S )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP According (PP to (NP (NP officials )NP (PP in (NP Washington )NP )PP )NP )PP )PP , (NP the State Department )NP (VP hoped (SBAR that (S (PP by (S (VP *UNKING (NP President Arias )NP )VP )S )PP , (NP it )NP (VP would (VP gain (NP (NP his support )NP (SBAR (S (VP to (VP postpone (NP (NP any decision )NP (PP on (NP the Contras )NP )PP )NP (PP until (SBAR after (S (NP (NP (NP Mr. Ortega 's )NP promises )NP (PP of (NP democratic elections )NP )PP )NP (VP were (VP tested (NP next February )NP )VP )VP )S )SBAR )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP However )ADVP , (S (VP *UNKING (PP on (NP (NP an *UNK critic )NP (PP of (NP (NP the Reagan administration )NP and (NP the Contra movement )NP )NP )PP )NP )PP (PP for (NP (NP help )NP (PP in (S (VP delaying (NP (NP the *UNKING )NP (PP of (NP the Contras )NP )PP )NP )VP )S )PP )NP )PP )VP )S (VP was (NP risky business )NP )VP . )S  STOP
(S And (NP (NP even some *UNK- phone calls )NP (SBAR (WHNP that )WHNP (S (NP Mr. Bush )NP (VP made (PRN -LRB- (PP at (NP (NP the *UNK )NP (PP of (NP some conservative U.S. senators )NP )PP )NP )PP -RRB- )PRN )VP )S )SBAR (SBAR (S (VP to (VP *UNK (NP (NP backing )NP (PP for (NP the U.S. position )NP )PP )NP )VP )VP )S )SBAR )NP (VP failed (S (VP to (VP stop (NP (NP the march )NP (PP of (NP (NP Mr. Arias 's )NP agenda )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (ADVP *UNKC (PP to (NP this episode )NP )PP )ADVP , (NP (NP Sen. Christopher *UNKC )NP (PRN -LRB- (NP (NP D. )NP , (NP Conn. )NP )NP -RRB- )PRN )NP , (S (VP *UNKING (NP an open field )NP )VP )S , (VP *UNK (NP (NP a personal diplomatic mission )NP (PP through (NP Central America )NP )PP (SBAR (S (VP to (VP promote (NP (NP an early *UNKING )NP (PP of (NP the rebels )NP )PP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (VP *UNKING (NP Nicaragua )NP )VP )S , (NP he )NP (VP (VP *UNKED (NP the Sandinistas )NP (PP for (NP their electoral system )NP )PP )VP and (VP *UNKED (NP the Bush administration )NP (PP for (S not (VP *UNKING (NP the Sandinistas )NP )VP )S )PP )VP )VP . )S  STOP
(S (PP In (NP (NP *UNKC )NP , (SBAR (WHADVP where )WHADVP (S (NP the Contras )NP (VP are (NP a hot political issue )NP )VP )S )SBAR , )NP )PP (NP he )NP (VP promised (S (VP to (VP help (VP *UNK (NP (NP (QP some $ 70 million )QP )NP (PP in (NP (NP assistance )NP (VP withheld (PP due to (NP (NP the failure )NP (PP of (NP local agencies )NP )PP (S (VP to (VP comply (PP with (NP (NP conditions )NP (VP agreed (PP upon )PP (PP with (NP Washington )NP )PP )VP )NP )PP )VP )VP )S )NP )PP )VP )NP )PP )NP )VP )VP )VP )S )VP . )S  STOP
(S (S (NP *UNKC )NP (VP was (ADVP also )ADVP (NP (NP the *UNK )NP (PP of (NP (NP the talks )NP (SBAR (S (NP Sen. *UNKC )NP (VP had (PP with (NP *UNKC President *UNKC *UNKC )NP )PP )VP )S )SBAR )NP )PP )NP )VP )S ; (S (NP (NP Mr. *UNKC 's )NP government )NP (VP (VP is (ADVP very much )ADVP (PP at (NP (NP the *UNK )NP (PP of (NP U.S. *UNK )NP )PP )NP )PP )VP and (VP is (VP forced (S (VP to (VP listen (ADVP very carefully )ADVP (PP to (NP (NP Sen. *UNKC 's )NP likes and *UNK )NP )PP )VP )VP )S )VP )VP )VP )S . )S  STOP
(S (NP (NP It )NP )NP (VP was (ADVP therefore )ADVP (ADJP not surprising )ADJP (SBAR that (S (NP (NP close allies )NP (PP of (NP the U.S. )NP )PP , (VP (ADVP virtually )ADVP *UNKED (PP by (NP the Bush administration )NP )PP , )VP )NP (VP ordered (S (NP the Nicaraguan *UNK )NP (VP *UNKED (PP by (NP December )NP )PP , (PP (ADVP long )ADVP before (NP the elections )NP )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP the *UNKC *UNKC )NP (VP were (VP *UNKED (PP by (NP *UNKC )NP )PP `` (NP the *UNKC plan )NP )VP )VP . '' )S  STOP
(S (NP (NP The individual foreign policy )NP (VP carried (PRT out )PRT (PP by (NP U.S. legislators )NP )PP )VP )NP (VP adds (PP to (NP (NP a confusing U.S. performance )NP (SBAR (WHNP that )WHNP (S (VP has (VP *UNKED (NP (NP Soviet initiatives )NP (PP in (NP Central America )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP On (NP Oct. 3 )NP )PP , (PP following (NP (NP conversations )NP (PP with (NP (NAC Secretary (PP of (NP State )NP )PP )NAC James Baker )NP )PP )NP )PP , (NP Soviet Foreign Minister *UNKC Shevardnadze )NP (VP arrived (PP in (NP *UNKC )NP )PP (S (VP to (VP *UNK `` (NP (NP Nicaragua 's )NP great peace efforts )NP )VP )VP )S )VP . '' )S  STOP
(S (S (ADVP There )ADVP , (NP Mr. Shevardnadze )NP (VP felt (VP *UNKED (S (VP to (VP unveil (NP his own peace plan )NP )VP )VP )S )VP )VP )S : (S (NP The U.S.S.R. )NP (VP would (VP *UNK (NP (NP a suspension )NP (PP of (NP (NP arms shipments )NP (PP to (NP Nicaragua )NP )PP )NP )PP )NP (PP after (NP the February election )NP )PP (SBAR if (S (NP the U.S. )NP (VP did (ADVP *UNK )ADVP (PP with (NP (NP its allies )NP (PP in (NP Central America )NP )PP )NP )PP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (NP He )NP (ADVP also )ADVP (VP called (PP on (NP (NP Nicaragua 's )NP neighbors )NP )PP (S (VP to (VP accept (NP (NP a `` military *UNK '' )NP (VP guaranteed (PP by (NP both *UNK )NP )PP )VP )NP )VP )VP )S )VP . )S  STOP
(S (NP The Pentagon )NP (VP claims (SBAR that (S (PP in (NP (NP *UNK )NP (PP of (NP (NP Moscow 's )NP words )NP )PP )NP )PP , (NP East bloc weapons )NP (VP continue (S (VP to (VP flow (PP into (NP Nicaragua )NP )PP (PP through (NP Cuba )NP )PP (PP at (NP *UNK- levels )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (SBAR Since (S (NP (NP Mr. Shevardnadze 's )NP proposals )NP (VP followed (NP (NP discussions )NP (PP with (NP Mr. Baker )NP )PP )NP )VP )S )SBAR , (NP *UNK )NP (VP *UNK (SBAR that (S (NP the Bush administration )NP (VP was (VP seeking (NP (NP an *UNK )NP (PP with (NP the Soviets )NP )PP (PP in (NP Central America )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP This scheme )NP (VP would (VP fit (NP (NP the Arias Plan )NP , (SBAR (WHNP which )WHNP (S (VP declared (NP (NP a false *UNK )NP (PP between (NP (NP (NP Soviet military aid )NP (PP to (NP the Sandinista *UNK )NP )PP )NP and (NP (NP that )NP (VP provided (PP by (NP Washington )NP )PP (PP to (NP (ADJP freely elected )ADJP governments )NP )PP )VP )NP )NP )PP )NP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (ADVP Furthermore )ADVP , (NP it )NP (VP is (ADVP also )ADVP (ADJP likely (S (VP to (VP encourage (NP (NP (NP those )NP (PP on (NP Capitol Hill )NP )PP )NP (VP asking (PP for (NP (NP cuts )NP (PP in (NP (NP the assistance )NP (PP to (NP El *UNKC )NP )PP )NP )PP )NP )PP )VP )NP )VP )VP )S )ADJP (SBAR if (S (NP President *UNKC )NP (VP does not (VP *UNK (PP to (NP (NP demands )NP (PP of (NP the Marxist guerrillas )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The sad condition )NP (PP of (NP (NP U.S. policy )NP (PP in (NP Central America )NP )PP )NP )PP )NP (VP is (ADVP best )ADVP (VP *UNKED (PP by (NP (NP the recent end )NP (PP to (NP (NP U.S. *UNK )NP (PP of (NP Radio Costa Rica )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP 1984 )NP )PP , (NP the Costa Rican government )NP (VP requested (NP help (S (VP to (VP establish (NP a radio station )NP (PP in (NP (NP the northern part )NP (PP of (NP the country )NP )PP , (VP *UNKED (PP by (NP (NP *UNK )NP (PP of (NP Sandinista *UNK )NP )PP )NP )PP )VP )NP )PP )VP )VP )S )NP )VP . )S  STOP
(S (S (VP *UNKING (NP *UNK *UNK )NP )VP )S (VP was (NP (NP the purpose )NP (PP of (NP (NP Radio Costa Rica )NP , (VP (VP funded (PP by (NP the U.S. )NP )PP )VP and (VP affiliated (PP with (NP (NP the *UNKC )NP (PP of (NP America )NP )PP (PRN -LRB- (NP *UNKC )NP -RRB- )PRN )NP )PP )VP )VP )NP )PP )NP )VP . )S  STOP
(S (ADVP (NP A few months )NP ago )ADVP , (NP the Bush administration )NP (VP decided (S (VP to (VP stop (NP this cooperation )NP )VP )VP )S , (S (VP leaving (S (NP Radio Costa Rica )NP (VP operating (PP on (NP a *UNKING )NP )PP )VP )S )VP )S )VP . )S  STOP
(S (PP According (PP to (NP news reports )NP )PP )PP , (NP the abrupt *UNK )NP (VP was (ADJP due (PP to (NP fears (SBAR that (S (NP *UNKC *UNK )NP (VP could (VP interfere (PP with (NP the peace process )NP )PP )VP )VP )S )SBAR )NP )PP )ADJP )VP . )S  STOP
(S (PP In (NP the meantime )NP )PP , (NP Russia )NP (VP gave (NP Nicaragua )NP (NP (NP another powerful radio *UNK )NP , (SBAR (WHNP which )WHNP (S (VP has (VP been (VP installed (PP in (NP (NP the city )NP (PP of (NP *UNKC )NP )PP )NP )PP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP It )NP (VP is (ADJP capable (PP of (S (VP reaching (UCP (NP the entire Caribbean area )NP and (PP (ADVP deep )ADVP into (NP North America )NP )PP )UCP )VP )S )PP )ADJP )VP . )S  STOP
(S (ADVP Perhaps )ADVP (NP its *UNK signal )NP (VP may (VP generate (NP (NP some *UNK )NP (PP of (S (NP the Soviet *UNK )NP (VP being (VP created (PP in (NP the *UNK )NP )PP (ADVP thanks (PP to (NP U.S. default )NP )PP )ADVP )VP )VP )S )PP )NP )VP )VP . )S  STOP
(S (NP (NP The Soviet *UNK )NP (PP in (NP Nicaragua )NP )PP )NP (VP is (ADJP *UNKING )ADJP (PP for (NP (NP Costa Rica )NP , (NP (NP a *UNK democracy )NP (PP without (NP an army )NP )PP )NP )NP )PP )VP . )S  STOP
(S (S (VP *UNKED (PP in (NP Washington )NP )PP (PP about (SBAR (WHNP what )WHNP (S (VP would (VP happen (SBAR if (S (NP his *UNKED peace plan )NP (VP would (VP fail )VP )VP )S )SBAR )VP )VP )S )SBAR )PP )VP )S , (NP President Arias )NP (VP *UNKED (NP (NP expectations )NP (PP of (NP direct U.S. action )NP )PP )NP )VP . )S  STOP
(S (NP (NP A poll )NP (VP conducted (PP in (NP July )NP )PP (PP by (NP a *UNKC affiliate )NP )PP )VP )NP (VP showed (SBAR that (S (NP (NP 64 % )NP (PP of (NP Costa *UNKC )NP )PP )NP (VP believe (SBAR that (S (SBAR if (S (NP their country )NP (VP is (ADVP *UNKLY )ADVP (VP attacked (PP by (NP either Nicaragua or Panama )NP )PP )VP )VP )S )SBAR , (NP the U.S. )NP (VP will (VP come (PP to (NP its defense )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S But (PP in (NP (NP the light )NP (PP of (NP (NP events )NP (PP in (NP (NP Panama )NP , (SBAR (WHADVP where )WHADVP (S (NP the U.S. )NP (VP has (NP such clear strategic interests )NP )VP )S )SBAR , )NP )PP )NP )PP )NP )PP (S (VP waiting (PP for (NP the Delta Force )NP )PP )VP )S (VP may (VP prove (S (VP to (VP be (NP a dangerous *UNK )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (NP (NP a lawyer )NP and (NP (NP a columnist )NP (PP for (NP La *UNKC newspaper )NP )PP )NP )NP )VP . )S  STOP
(S (NP Holiday Corp. )NP (VP said (SBAR (S (NP net income )NP (VP jumped (NP 89 % )NP )VP , (PP (ADVP partly )ADVP on (NP (NP the strength )NP (PP of (NP (NP record operating income )NP (PP in (NP its *UNKING division )NP )PP )NP )PP )NP )PP )S )SBAR )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP the hotel and gambling giant )NP (VP said (SBAR (S (NP it )NP (VP was (VP proceeding (PP with (NP plans (S (VP to (VP (VP make (NP a tender offer )NP )VP and (VP *UNK (NP *UNK )NP )VP (PP with (NP (NP respect )NP (PP to (NP (NP (QP approximately $ 1.4 billion )QP )NP (PP of (NP its (ADJP publicly traded )ADJP debt )NP )PP )NP )PP )NP )PP )VP )VP )S )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP That debt )NP (VP is (NP (NP part )NP (PP of (NP (NP the (QP $ 2.1 billion )QP )NP (PP of (NP (NP Holiday debt )NP (SBAR (WHNP that )WHNP (S (NP (NP Bass PLC )NP (PP of (NP Britain )NP )PP )NP (VP said (SBAR (S (NP it )NP (VP would (VP retire or assume )VP )VP )S )SBAR (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP agreed (S (VP to (VP buy (NP the Holiday *UNKC business )NP )VP )VP )S (PP in (NP August )NP )PP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Holiday )NP (VP said (SBAR (S (NP third-quarter earnings )NP (VP rose (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ 21 million )QP )NP , or (NP (NP 84 cents )NP (NP a share )NP )NP )NP , (ADVP (NP a year )NP earlier )ADVP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Results )NP (PP for (NP the quarter )NP )PP )NP (VP included (NP (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP (NP pretax gains )NP (PP from (NP (NP property transactions )NP , (PP including (NP (NP the sale )NP (PP of (NP one *UNKC *UNKC hotel )NP )PP )NP )PP , )NP )PP )NP )PP )NP and (NP (NP (QP $ 3.5 million )QP )NP (PP of (NP (NP *UNKING costs )NP (VP associated (PP with (NP (NP the acquisition )NP (PP of (NP the Holiday *UNKC business )NP )PP (PP by (NP Bass )NP )PP )NP )PP )VP )NP )PP )NP )NP )VP . )S  STOP
(S (NP Holiday )NP (VP said (SBAR (S (NP (NP operating income )NP (VP related (PP to (NP *UNKING )NP )PP )VP )NP (VP increased (NP 4.5 % )NP (PP to (NP a record (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The jump )NP (VP reflected (NP (NP (NP record results )NP (PP in (NP (NP (NP Las Vegas )NP , (NP *UNKC )NP , )NP and (NP (NP Atlantic City )NP , (NP N.J. )NP , )NP )NP )PP )NP (CONJP as well as )CONJP (NP (NP (NP a full quarter 's )NP results )NP (PP from (NP (NP (NP *UNKC 's )NP *UNKC *UNKC )NP (PP in (NP (NP *UNKC )NP , (NP *UNKC )NP )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (NP Third-quarter revenue )NP (VP rose (NP 2.7 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP earnings )NP (VP fell (NP 2.9 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (ADVP (NP a year )NP earlier )ADVP )PP )VP . )S  STOP
(S (NP Revenue )NP (VP dropped (NP 1.6 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ 1.23 billion )QP )NP )PP )VP . )S  STOP
(S (NP The tender offer and consent solicitation )NP (VP will (VP be (VP made (PP to (NP *UNK )NP )PP (PP in (NP December )NP )PP )VP )VP )VP . )S  STOP
(S (PP In (NP effect )NP )PP , (NP Holiday )NP (VP is (VP asking (NP holders )NP (PP for (NP permission (SBAR for (S (NP Bass )NP (VP to (VP buy (NP their debt )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP Holiday )NP (VP said (SBAR (S (NP Salomon Brothers Inc. )NP (VP has (VP been (VP retained (S (VP to (VP act (PP as (NP the (NX (NX *UNK- )NX and (NX financial adviser )NX )NX )NP )PP )VP )VP )S (PP in (NP (NP connection )NP (PP with (NP the offer and solicitation )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP The debt issues )NP (VP involved )VP )NP and (NP the (NX (NX proposed consent fees )NX and (NX cash tender offer prices )NX )NX )NP )NP (PRN -LRB- (S (VP expressed (PP per (NP (NP $ 1,000 )NP (PP of (NP principal amount )NP )PP )NP )PP )VP )S -RRB- )PRN (VP are (SBAR as (S (VP follows : (NP (NP (NP (ADJP (QP 10 1\/2 )QP % )ADJP senior notes )NP (ADJP due (NP 1994 )NP (PP at (NP 101 % )NP )PP )ADJP )NP ; (NP (NP (ADJP 11 % )ADJP subordinated debt )NP (ADJP due (NP 1999 )NP (PP at (NP 102 % )NP )PP )ADJP )NP ; (NP (NP (ADJP (QP 9 3\/8 )QP % )ADJP notes )NP (ADJP due (NP 1993 )NP (PP at (NP 100 % )NP )PP )ADJP )NP ; and (NP (NP (ADJP (QP 8 3\/8 )QP % )ADJP notes )NP (ADJP due (NP 1996 )NP (PP at (NP *UNKN % )NP )PP )ADJP )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Holiday )NP (VP said (SBAR (S (NP (NP its (ADJP 15 % )ADJP notes )NP (ADJP due (NP 1992 )NP )ADJP )NP (ADVP also )ADVP (VP will (VP be (VP included (PP in (NP the tender offer and consent solicitation )NP )PP (PP at (NP (NP a price )NP (SBAR (S (VP to (VP be (VP determined (PP by (NP Holiday )NP )PP (ADVP prior (PP to (NP (NP the *UNK )NP (PP of (NP the offer )NP )PP )NP )PP )ADVP )VP )VP )VP )S )SBAR )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP The television units )NP (PP of (NP (NP Paramount Communications Inc. )NP and (NP MCA Inc. )NP )NP )PP )NP (VP are (VP exploring (NP (NP the possibility )NP (PP of (S (VP offering (NP prime-time programming )NP (PP to (NP independent stations )NP )PP (NP (NP two nights )NP (NP a week )NP )NP )VP )S )PP )NP )VP )VP )S , (NP industry executives )NP (VP say )VP . )S  STOP
(S (SBAR Although (S (NP such a venture )NP (VP would n't (VP match (NP (NP the `` fourth network '' )NP (VP created (PP by (NP (NP News Corp. 's )NP Fox Broadcasting Co. )NP )PP )VP )NP )VP )VP )S )SBAR , (NP MCA and Paramount )NP (VP may (VP have (NP similar *UNK )NP )VP )VP . )S  STOP
(S (NP (NP Fox )NP , (SBAR (WHNP which )WHNP (S (ADVP also )ADVP (VP owns (NP six TV stations )NP )VP )S )SBAR , )NP (VP provides (NP programs )NP (NP (NP three nights )NP (NP a week )NP )NP (PP to (NP those and other affiliates )NP )PP )VP . )S  STOP
(S (NP (NP Paramount Domestic TV )NP and (NP MCA TV )NP )NP (VP formed (NP (NP a joint venture )NP )NP (NP last month )NP , (VP named (S (NP *UNKC *UNKC Sales )NP )S )VP , (SBAR (S (VP to (VP sell (NP (NP advertising )NP (PP in (NP (NP programs )NP (VP *UNKED (PP by (NP both companies )NP )PP )VP , (PP such as (NP `` (NP (NP Star *UNKC )NP : (NP the Next *UNKC )NP )NP , '' `` (NP (NP Charles )NP (PP in (NP *UNKC )NP )PP )NP '' and `` (NP (NP (NP Friday )NP (NP the 13th )NP )NP : (NP the Series )NP )NP )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP A spokeswoman )NP (PP for (NP Paramount )NP )PP )NP (VP said (SBAR (S (NP the company )NP (VP does n't (VP comment (PP on (NP speculation )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP to (NP (NP *UNKLY *UNKC )NP , (NP (NP president )NP (PP of (NP MCA TV )NP )PP )NP , )NP )PP )NP (VP were n't (VP returned )VP )VP . )S  STOP
(S (NP The two companies )NP , (PP like (NP Fox )NP )PP , (ADVP already )ADVP (VP have (NP their own TV stations )NP )VP . )S  STOP
(S (S (NP MCA )NP (VP owns (NP (NP *UNKC )NP (PP in (NP New York )NP )PP )NP )VP )S and (S (NP Paramount )NP (NP last month )NP (VP agreed (S (VP to (VP purchase (NP (NP a (ADJP 79 % )ADJP stake )NP (PP in (NP the *UNKC *UNKC Group )NP )PP )NP (PP from (NP Salomon Inc. )NP )PP )VP )VP )S (PP in (NP (NP a deal )NP (VP valued (PP at (NP (QP $ 140 million )QP )NP )PP )VP )NP )PP )VP )S . )S  STOP
(S (NP *UNKC )NP (VP owns (NP (NP five stations )NP , (PP including (NP (NP *UNKC )NP , (NP a Fox affiliate )NP , (PP in (NP Philadelphia )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP One broadcasting executive )NP (ADJP familiar (PP with (NP the project )NP )PP )ADJP )NP (VP said (SBAR (S (NP the *UNK- )NP (VP would (VP target (NP (NP stations )NP (VP affiliated (PP with (NP Fox )NP )PP )VP )NP (SBAR because (S (NP Fox )NP (VP has (NP (NP the desirable independent stations )NP (PP in (NP (NP most )NP (PP of (NP the key cities )NP )PP )NP )PP )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Currently )ADVP , (NP Fox )NP (VP supplies (NP programs )NP (PP on (NP *UNKC , *UNKC and *UNKC )NP )PP , (SBAR although (S (NP the company )NP (VP plans (S (VP to (VP expand (PP to (NP other *UNK )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP president )NP (PP of (NP Fox Broadcasting )NP )PP )NP , )NP (VP said , `` (S (NP We )NP (VP believe (SBAR (S (NP (NP the partnership )NP (PP of (NP (NP Fox )NP , (NP its affiliates )NP and (NP advertisers )NP )NP )PP )NP (VP (VP is (VP succeeding )VP )VP and (VP will (VP continue (S (VP to (VP grow )VP )VP )S )VP )VP )VP )S )SBAR )VP )S )VP . '' )S  STOP
(S (NP (NP Another Fox official )NP , (SBAR (WHNP who )WHNP (S (VP declined (S (VP to (VP be (VP identified )VP )VP )VP )S )VP )S )SBAR , )NP (VP said (SBAR (S (NP Fox )NP (VP was n't (VP pleased (PP by (NP (NP the possible *UNKC venture )NP (PP into (NP prime-time programming )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (S (VP To (VP make (S (NP the venture )NP (VP work )VP )S )VP )VP )S , (NP they )NP (VP would (VP need (NP Fox affiliates )NP )VP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S `` (S (NP We )NP (VP spent (NP (NP a lot )NP (PP of (NP time and money )NP )PP )NP (PP in (S (VP building (NP (NP our group )NP (PP of (NP stations )NP )PP )NP )VP )S )PP )VP )S , '' (NP he )NP (VP said , (S (VP adding (SBAR that (S (NP Fox )NP (VP does n't (VP `` appreciate '' (S (NP another company )NP (VP attempting (S (VP to (VP *UNK (NP its station lineup )NP )VP )VP )S )VP )S )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP Fox )NP (VP said (SBAR (S (NP it )NP (VP plans (S (VP to (VP offer (NP its stations )NP (NP (NP movies )NP , (NP (ADJP *UNK and *UNK- )ADJP ventures )NP , )NP (PP (ADVP probably )ADVP on (NP *UNKC )NP )PP , (ADVP sometime (NP next year )NP )ADVP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP is (ADVP also )ADVP (VP planning (NP (NP another night )NP (PP of (NP original series )NP )PP )NP )VP )VP . )S  STOP
(S (NP Paramount and MCA )NP , (PP according (PP to (NP the broadcasting executive )NP )PP )PP , (VP plan (S (VP to (VP offer (NP (NP (NP *UNK movies )NP (VP produced (ADVP separately )ADVP (PP by (NP Paramount and MCA )NP )PP )VP (PP for (NP *UNKC )NP )PP )NP and (ADVP perhaps )ADVP (NP (NP a block )NP (PP of (NP original shows )NP )PP (NP *UNKC )NP )NP )NP )VP )VP )S )VP . )S  STOP
(S (NP The executive )NP (VP said (SBAR (S (NP Paramount and MCA )NP (VP have (ADVP also )ADVP (VP held (NP discussions )NP (PP with (NP (NP (NP *UNKC Industries ' )NP broadcasting unit )NP , (SBAR (WHNP which )WHNP (S (VP owns (NP (NP five independent stations )NP (PP in (NP (NP cities )NP (PP such as (NP (NP Los Angeles )NP , (NP San Francisco )NP and (NP (NP *UNKC )NP , (NP *UNKC )NP )NP )NP )PP )NP )PP )NP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP A *UNKC station manager )NP (VP said (SBAR (S (NP there )NP (VP have (VP been (NP no formal talks )NP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP I )NP (VP think (SBAR (S (NP (NP it )NP )NP (VP 's (PP to (NP (NP Fox 's )NP advantage )NP )PP (S (VP to (VP be (VP associated (PP with (NP the *UNKC venture )NP )PP )VP )VP )VP )S )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP Michael *UNKC )NP , (NP (NP station manager )NP (PP of (NP (NP *UNKC )NP , (NP (NP the *UNKC station )NP (SBAR (WHNP that )WHNP (S (VP is (NP a Fox affiliate )NP )VP )S )SBAR )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP Mr. Conway )NP (VP said (SBAR (S (NP (NP the Fox shows )NP (VP appearing (PP on (NP (NP nights )NP (SBAR (WHADVP when )WHADVP (S (NP *UNKC shows )NP (VP would n't (VP be (VP offered )VP )VP )VP )S )SBAR )NP )PP )VP )NP (VP could (VP be (VP *UNKED (PP on (NP (NP the programs )NP (VP produced (PP by (NP *UNKC )NP )PP )VP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Michael Fisher )NP , (NP (NP general manager )NP (PP of (NP (NP *UNKC )NP , (NP (NP a Fox affiliate )NP (PP in (NP (NP Sacramento )NP , (NP Calif. )NP )NP )PP )NP )NP )PP )NP , )NP (VP said , `` (S (NP The real question )NP (VP is (SBAR whether (S (NP the *UNKC offering )NP (VP is (ADJP practical )ADJP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP It )NP (VP is n't )VP ... . )S  STOP
(SBARQ (WHADVP Why )WHADVP (SQ would (NP I )NP (VP consider (S (VP giving (PRT up )PRT (NP (NP Fox )NP , (NP a proven commodity )NP , )NP '' (PP for (NP an *UNK venture )NP )PP )VP )S )VP )SQ ? )SBARQ  STOP
(S (NP Fox )NP (VP *UNK (NP a young audience )NP (PP with (NP (NP shows )NP (PP such as (NP `` (VP *UNKED ... (PP With (NP *UNKC )NP )PP )VP , '' (NP its (ADJP most successful )ADJP series )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Banco *UNKC de Puerto Rico )NP and (NP *UNKC Corp. )NP )NP -- (VP agreed (S (VP to (VP merge (PP in (NP (NP a transaction )NP (VP valued (PP at (NP (QP $ *UNKN million )QP )NP )PP )VP )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP Under (NP the agreement )NP )PP , (NP *UNKC stockholders )NP (VP will (VP be (ADJP able (S (VP to (VP exchange (NP (NP each )NP (PP of (NP their shares )NP )PP )NP (PP for (NP either (NP (NP shares )NP (PP in (NP the new entity )NP )PP )NP or (NP cash )NP )NP )PP )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (PP In (NP each case )NP )PP , (NP the exchange )NP (VP is (VP valued (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP )VP )VP . )S  STOP
(S (NP The two companies )NP , (S (NP both )NP (VP based (PP in (NP San *UNKC )NP )PP )VP )S , (VP will (VP form (NP (NP a bank holding company )NP (PP with (NP (NP assets )NP (PP of (NP (QP just over $ 9 billion )QP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP The holding company )NP (VP will (VP be (VP called (S (NP *UNKC Corp )NP )S )VP )VP )VP . )S  STOP
(S (NP The primary subsidiary )NP (VP (VP will (VP be (NP (NP the combined banking operations )NP (PP of (NP the two companies )NP )PP )NP )VP )VP and (VP will (VP be (VP known (PP as (NP Banco Popular de Puerto Rico )NP )PP )VP )VP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC Jr. )NP , (NP (NP chairman )NP (PP of (NP Banco Popular )NP )PP )NP , )NP (VP will (VP be (NP (NP the chairman )NP (PP of (NP the holding company )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC M. *UNKC )NP , (RRC (ADVP currently )ADVP (NP (NP chairman )NP (PP of (NP *UNKC )NP )PP )NP )RRC , )NP (VP will (VP serve (PP as (NP (NP (NP president )NP (PP of (NP the bank holding company )NP )PP )NP and (NP (NP chairman )NP (PP of (NP the subsidiary )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP Banco Popular )NP (ADVP originally )ADVP (VP proposed (NP the merger )NP (PP in (NP July )NP )PP , (PP in (NP (NP a cash and stock transaction )NP (VP valued (PP at (NP (NP (NP $ 50 )NP (NP a share )NP )NP , or (NP (QP about $ *UNKN million )QP )NP )NP )PP )VP )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP (VP reacted (ADVP *UNKLY )ADVP (PP at (ADJP first )ADJP )PP )VP , but (VP appeared (S (VP to (VP be (VP won (PRT over )PRT (PRN , (S (NP analysts )NP (VP said )VP )S , )PRN (PP by (NP (NP Banco Popular 's )NP *UNK (SBAR that (S (NP it )NP (VP wanted (NP only a friendly transaction )NP )VP )S )SBAR )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP Banco Popular )NP (ADVP just )ADVP (VP kept (S (VP waiting )VP )S )VP )S , '' (VP said )VP (NP (NP Edward Thompson )NP , (NP (NP a (NX (NX vice president )NX and (NX analyst )NX )NX )NP (PP at (NP (NP Thomson *UNKC Inc. )NP (PP in (NP New York )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP They )NP (VP got (NP (NP a transaction )NP (SBAR (WHNP that )WHNP (S (VP 's (ADJP good (PP for (NP both companies )NP )PP )ADJP )VP )S )SBAR )NP )VP . '' )S  STOP
(S (NP The two banks )NP (VP appear (S (VP to (VP be (NP a good fit )NP )VP )VP )S )VP . )S  STOP
(S (NP BanPonce )NP (VP *UNK (PP to (NP a (ADJP more affluent )ADJP customer )NP )PP , (SBAR while (S (NP Banco Popular )NP (VP has (ADVP always )ADVP (VP had (NP (NP a large presence )NP (PP among (NP (ADJP *UNK- and *UNK- )ADJP markets )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The merger )NP (VP should (ADVP also )ADVP (VP allow (S (NP the companies )NP (VP to (VP reduce (NP costs )NP (PP by (S (VP combining (NP (NP operations )NP (PP in (NP (NP many locations )NP (PP in (NP Puerto Rico )NP )PP )NP )PP )NP )VP )S )PP )VP )VP )S )VP )VP . )S  STOP
(S `` (S (NP They )NP (VP 're (ADVP often )ADVP (PP (ADVP right )ADVP (PP across (NP the street )NP )PP (PP from (NP one another )NP )PP )PP )VP )S , '' (NP Mr. Thompson )NP (VP said )VP . )S  STOP
(S (NP (NP Richard *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP is (ADVP currently )ADVP (NP (NP (NP president )NP and (NP chief executive officer )NP )NP (PP of (NP Banco Popular )NP )PP )NP )VP )S )SBAR , )NP (VP said (SBAR (S (NP the merger )NP (VP will (VP result (PP in (NP a `` (ADJP larger and stronger )ADJP (ADJP *UNKLY based )ADJP bank )NP )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP will (ADVP now )ADVP (VP serve (PP as (NP (NP (NP president )NP and (NP chief executive officer )NP )NP (PP of (NP the subsidiary bank )NP )PP )NP )PP )VP )VP )S )SBAR , )NP (VP added : `` (S (NP We )NP (VP 'll (VP be (ADJP able (S (VP to (VP (ADVP better )ADVP compete (PP with (NP large foreign banks )NP )PP )VP )VP )S )ADJP )VP )VP )S )VP . )S  STOP
(S (NP It )NP (VP makes (NP sense )NP (PP from (NP a strategic *UNK )NP )PP )VP . '' )S  STOP
(S (NP The (ADJP newly merged )ADJP company )NP (VP will (VP have (NP (NP (NP *UNKN branches )NP (PP in (NP Puerto Rico )NP )PP )NP and (NP (NP 27 branches )NP (ADVP outside (PP of (NP the island )NP )PP )ADVP )NP )NP )VP )VP . )S  STOP
(S (NP The banks )NP (VP said (SBAR (S (NP they )NP (VP do n't (VP expect (S (NP the merger )NP (VP to (VP face (NP any regulatory *UNK )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP the merger )NP (VP should (VP be (VP completed (PP in (NP (QP six to nine )QP months )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (VP *UNKC (PP by (NP (NP higher costs )NP and (NP lower sales )NP )NP )PP )VP )S , (NP *UNKC Inc. )NP (VP said (SBAR (S (S (NP third-quarter earnings )NP (VP tumbled (NP 43 % )NP )VP )S and (S (NP full-year earnings )NP (VP will (VP trail (NP (NP last year 's )NP results )NP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (NP The construction equipment maker )NP (VP said (SBAR (S (NP third-quarter profit )NP (VP fell (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ 190 million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (ADVP (NP a year )NP earlier )ADVP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Sales )NP (VP dropped (NP 6 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP , (S (VP reflecting (NP (NP eight fewer business days )NP (PP in (NP the latest quarter )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP (NP The company )NP , (SBAR (WHNP which )WHNP (S (VP is (PP in (NP a costly *UNK program )NP )PP )VP )S )SBAR , )NP (VP said (SBAR (S (NP earnings )NP (VP were (VP hurt (PP by (NP (NP higher start-up and new program costs )NP , (NP (NP increased costs )NP (PP of (NP materials )NP )PP )NP , (NP higher wages )NP and (NP (NP an (ADJP (QP $ 11 million )QP )ADJP provision )NP (PP for (NP (NP bad debts )NP (PP in (NP Latin America )NP )PP )NP )PP )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (S (VP announcing (NP (NP a 1989 capital spending plan )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP (NP early this year )NP )VP )S )PP , (NP *UNKC )NP (VP said (SBAR (S (NP full-year earnings )NP (VP would (VP be (ADJP flat )ADJP (PP compared (PP with (NP (NP (NP last year 's )NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP yesterday )NP , (NP the company )NP (VP said (SBAR (S (NP (NP this year 's )NP profit )NP (VP will (VP be (ADJP lower )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP did n't (VP say (FRAG (WHPP by (WHNP how much )WHNP )WHPP )FRAG )VP )VP . )S  STOP
(S (S (VP *UNKING (PP from (NP (NP a downturn )NP (PP in (NP heavy truck production )NP )PP (SBAR (WHNP that )WHNP (S (VP cut (NP (NP orders )NP (PP for (NP its engines )NP )PP )NP )VP )S )SBAR )NP )PP )VP )S , (NP *UNKC )NP (ADVP also )ADVP (VP said (SBAR (S (NP it )NP (VP will (VP (VP (ADVP *UNKLY )ADVP lay (PRT off )PRT (NP (NP (QP about *UNKN )QP workers )NP (PP in (NP the *UNKC area )NP )PP )NP )VP and (VP (ADVP temporarily )ADVP shut (NP (NP its plant )NP (PP in (NP (NP York )NP , (NP Pa. )NP , )NP )PP )NP (PP for (NP two weeks )NP )PP (PP in (NP both November and December )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP (NP the first nine months )NP (PP of (NP the year )NP )PP )NP )PP , (NP Caterpillar )NP (VP said (SBAR (S (NP earnings )NP (VP fell (NP 14 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP , (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (ADVP (NP a year )NP earlier )ADVP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Sales )NP (VP rose (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP *UNKC Inc. )NP (VP said (SBAR (S (NP it )NP (VP is (NP (NP one )NP (PP of (NP (NP two companies )NP (SBAR (S (VP to (VP receive (NP a license (S (VP to (VP introduce and operate (NP a cellular *UNK telephone system )NP (PP in (NP *UNKC )NP )PP )VP )VP )S )NP )VP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The market )NP (PP during (NP the start-up )NP )PP )NP (VP is (VP estimated (PP at (NP 25,000 subscribers )NP )PP )VP )VP . )S  STOP
(S (NP (NP A spokeswoman )NP (PP for (NP (NP *UNKC )NP , (NP a telecommunications company )NP , )NP )PP )NP (VP said (SBAR (S (NP she )NP (VP did n't (VP know (NP (NP the value )NP (PP of (NP the contract )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Cable & *UNKC PLC )NP (PP of (NP Britain )NP )PP )NP (VP won (NP the other license )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP would (VP build and operate (NP (NP the system )NP (PP in (NP *UNKC )NP )PP )NP (PP with (NP (NP (NP *UNKC International AB )NP , (NP (NP part )NP (PP of (NP (NP the *UNKC group )NP (PP of (NP Sweden )NP )PP )NP )PP )NP , )NP and (NP (NP *UNKC International )NP , (NP Pakistan )NP )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP B.A.T Industries PLC )NP (VP won (NP (NP overwhelming shareholder approval )NP (PP for (NP (NP a defensive restructuring )NP (SBAR (S (VP to (VP fend (PRT off )PRT (NP (NP a (ADJP (ADJP (QP # *UNKN billion )QP )ADJP (PRN -LRB- (ADJP (QP $ *UNKN billion )QP )ADJP -RRB- )PRN )ADJP takeover bid )NP (PP from (NP Sir James Goldsmith )NP )PP )NP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (PP At (NP (NP (NP a shareholders ' )NP meeting )NP (PP in (NP London )NP )PP )NP )PP , (NP the (UCP tobacco , financial-services and retailing )UCP giant )NP (VP said (SBAR (S (NP it )NP (VP received (NP (NP *UNKN % approval )NP (PP from (NP voting holders )NP )PP (PP for (NP plans (S (VP to (VP spin (PRT off )PRT (NP (NP (QP about $ 6 billion )QP )NP (PP in (NP assets )NP )PP )NP )VP )VP )S )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP B.A.T )NP (VP aims (S (VP to (VP (VP sell (NP (NP such U.S. retailing units )NP (PP as (NP (NP Marshall Field )NP and (NP Saks Fifth Avenue )NP )NP )PP )NP )VP and (VP float (NP its big paper and British retailing businesses )NP (PP via (NP (NP share issues )NP (PP to (NP existing holders )NP )PP )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP Proceeds )NP (VP will (VP help (VP pay (PP for (NP (NP a planned buy-back )NP (PP of (NP (NP (NP (NP 10 % )NP , or (NP (QP about *UNKN million )QP )NP , )NP (PP of (NP its shares )NP )PP )NP and (NP a (ADJP 50 % )ADJP dividend increase )NP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP B.A.T )NP (NP yesterday )NP (VP started (NP its share buy-back )NP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP it )NP (VP acquired (NP (QP 2.5 million )QP shares )NP (PP for (NP (NP (NP *UNKN pence )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN (NP each )NP )NP , or (NP (NP a total )NP (PP of (NP (NP (QP # *UNKN million )QP )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP )PP )NP , )NP )PP (PP from (NP (NP its broker )NP , (NP Barclays de Zoete Wedd )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The share buy-back plan )NP (VP is (ADJP likely (S (VP to (VP *UNK (NP (NP B.A.T 's )NP share price )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP B.A.T )NP (VP said (SBAR (S (NP it )NP (VP (VP may (VP make (NP more equity purchases )NP (PP until (NP (NP the close )NP (PP of (NP business )NP )PP (NP today )NP )NP )PP , (PP depending (PP on (NP market conditions )NP )PP )PP , )VP )VP but (VP will (VP *UNK (NP further purchases )NP (PP until (NP (NP Nov. 22 )NP , (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP releases (NP third-quarter results )NP )VP )S )SBAR )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP B.A.T shares )NP (VP rose (NP 29 pence )NP (PP to (NP *UNKN pence )NP )PP (PP on (NP (NP London 's )NP stock exchange )NP )PP (NP yesterday )NP )VP . )S  STOP
(S (NP *UNKC approval )NP (VP sets (NP the stage )NP (PP for (NP (NP a lengthy process )NP (PP of (NP restructuring )NP )PP (SBAR (WHNP that )WHNP (S (VP might not (VP be (VP completed (PP until (NP (NP next year 's )NP second half )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP Before (NP (NP the recent *UNK )NP (PP in (NP global financial markets )NP )PP )NP )PP , (NP B.A.T officials , holders and analysts )NP (VP had (VP expected (S (NP (NP a substantial part )NP (PP of (NP the restructuring )NP )PP )NP (VP to (VP be (ADJP complete )ADJP (PP by (NP (NP the end )NP (PP of (NP the first half )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP are not (PP in (NP any *UNK (S (VP to (VP sell '' (NP (NP Saks )NP , (NP Marshall Field )NP or (NP (NP B.A.T 's )NP other U.S. retail properties )NP )NP )VP )VP )S )NP )PP )VP )S , (VP said )VP (NP Chairman Patrick *UNKC )NP . )SINV  STOP
(S `` (NP This )NP (VP is n't (NP a *UNK sale )NP )VP . )S  STOP
(S (NP We )NP (VP are (VP determined (S (VP to (VP get (NP good prices )NP )VP )VP )S )VP )VP . '' )S  STOP
(S (NP Company officials )NP (VP say (SBAR (S (NP (NP the *UNK )NP (PP of (NP the paper and British retailing businesses )NP )PP )NP (VP are (ADJP likely )ADJP (ADVP only )ADVP (PP after (NP (NP the *UNK )NP (PP of (NP the U.S. retailing assets )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP Sir James )NP (ADVP still )ADVP (VP is (VP pursuing (NP efforts (S (VP to (VP gain (NP (NP (NP U.S. insurance regulators ' )NP approval )NP (PP for (NP (NP a change )NP (PP in (NP (NP control )NP (PP of (NP (NP B.A.T 's )NP Farmers Group Inc. unit )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )NP )VP )VP . )S  STOP
(S (NP The *UNKC financier )NP (VP has (VP indicated (SBAR (S (NP he )NP (VP intends (S (VP to (VP bid (ADVP again )ADVP (PP for (NP B.A.T )NP )PP (SBAR if (S (NP he )NP (VP receives (NP approval )NP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP *UNKC Inc. )NP , (NP (NP the nation 's )NP largest toy maker )NP , )NP (VP reported (SBAR (S (NP third-quarter earnings )NP (VP increased (NP 73 % )NP (PP from (ADVP (NP a year )NP earlier )ADVP )PP (PP on (NP a (ADJP *UNKN % )ADJP sales gain )NP )PP , (S (VP reflecting (NP improved margins )NP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP had (NP (NP net income )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 53 cents )NP (NP a share )NP )NP )NP )PP , (ADVP up (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 31 cents )NP (NP a share )NP )NP )NP , (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )NP , (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP took (NP (NP a pretax charge )NP (PP of (NP (QP $ 10 million )QP )NP )PP )NP (PP after (S (VP dropping (NP (NP development )NP (PP of (NP an *UNK video entertainment system )NP )PP )NP )VP )S )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Revenue )NP (VP rose (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP cited (NP (NP sales gains )NP (PP (PP at (NP its Milton *UNKC and *UNKC units )NP )PP and (PP in (NP its international business )NP )PP )PP )NP (PP for (NP (NP the increase )NP (PP in (NP revenue )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Alan G. *UNKC )NP , (NP (NP chairman )NP and (NP chief executive )NP )NP , )NP (VP added (SBAR that (S (NP (NP (NP (NP *UNKC 's )NP new line )NP (PP of (NP *UNKED racing cars )NP )PP , (VP called (S (NP *UNKC *UNKC )NP )S )VP , )NP and (NP (NP its acquisition )NP (PP of (NP (NP *UNKC *UNKC *UNKC )NP , (NP *UNKC )NP and (NP other lines )NP )NP )PP (PP from (NP *UNKC Industries Inc. )NP )PP )NP )NP (VP puts (NP the company )NP `` (PP in (NP a good position )NP )PP (SBAR as (S (NP we )NP (VP enter (NP the Christmas buying season )NP )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (PP For (NP (NP the first nine months )NP (PP of (NP the year )NP )PP )NP )PP , (NP (NP *UNKC 's )NP net income )NP (VP rose (NP 33 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ 1.15 )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 88 cents )NP (NP a share )NP )NP , )NP )PP (PP on (NP (NP a (ADJP 3.1 % )ADJP increase )NP (PP in (NP revenue )NP )PP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP )NP )PP )VP . )S  STOP
(S (NP Reebok International Ltd. )NP (VP posted (NP (NP a (ADJP 35 % )ADJP increase )NP (PP in (NP third-quarter net income )NP )PP )NP (PP despite (NP (NP a slight decline )NP (PP in (NP sales )NP )PP )NP )PP )VP . )S  STOP
(S (NP The *UNK *UNK maker )NP (VP said (SBAR (S (NP net )NP (VP rose (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 44 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 32 cents )NP (NP a share )NP )NP )NP , (ADVP (NP a year )NP earlier )ADVP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Sales )NP (VP declined (NP 3 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP (NP Paul Fireman )NP , (NP Reebok (NX (NX chairman )NX and (NX chief executive officer )NX )NX )NP , )NP (VP said , `` (S (NP (NP Our gains )NP (PP in (NP earnings )NP )PP )NP (VP provide (NP further evidence (SBAR that (S (NP (NP (NP the controls )NP (SBAR (S (NP we )NP (VP have (VP put (PP in (NP place )NP )PP )VP )VP )S )SBAR )NP and (NP our sales mix )NP )NP (VP are (VP continuing (S (VP to (VP improve (NP (NP the company 's )NP overall profit performance )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP )S )VP . '' )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP it )NP (VP expects (S (NP sales )NP (VP to (VP improve (PP due to (NP (NP a number )NP (PP of (NP new products )NP )PP , (PP including (NP (NP a `` pump '' basketball *UNK )NP (SBAR (WHNP that )WHNP (S (VP can (VP be (VP inflated (S (VP to (ADVP better )ADVP (VP fit (NP the foot )NP )VP )VP )S )VP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP the first nine months )NP )PP , (NP net )NP (VP was (NP (NP (QP $ 140 million )QP )NP , or (NP (NP $ 1.23 )NP (NP a share )NP )NP , )NP (PP on (NP (NP sales )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP )PP )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP Reebok )NP (VP completed (NP (NP the acquisition )NP (PP of (NP (NP (NP *UNKC Group Inc. 's )NP Boston *UNKC unit )NP , (NP (NP a *UNK )NP (PP of (NP power *UNK )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP (NP *UNKC )NP , (NP Mass. )NP , )NP )NP (VP had (VP agreed (S (VP to (VP sell (NP the unit )NP (PP to (NP Reebok )NP )PP (PP for (NP (QP about $ 42 million )QP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP The agreement )NP (ADVP also )ADVP (VP called (SBAR for (S (NP Reebok )NP (VP to (VP receive (NP (NP warrants (S (VP to (VP purchase (NP (NP 400,000 shares )NP (PP of (NP *UNKC common )NP )PP )NP (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP )VP )VP )S )NP , (ADJP exercisable (PP at (NP (NP any time )NP (PP before (NP July 1 )NP )PP )NP )PP )ADJP )NP )VP )VP )S )SBAR )VP , )S  STOP
(S (NP (NP An outside spokesman )NP (PP for (NP *UNKC )NP )PP )NP (VP (VP said (SBAR (S (NP the terms )NP (VP were (VP changed (PP to (NP a minor extent )NP )PP )VP )VP )S )SBAR )VP but (VP would n't (VP disclose (SBAR (WHNP what )WHNP (S (NP those changes )NP (VP were )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP *UNKC *UNKC Inc. directors )NP (VP authorized (S (NP the company )NP (VP to (VP seek (NP (NP buyers )NP (PP for (NP (NP its *UNKC Group Inc. subsidiary )NP , (NP (NP a direct mail marketer )NP (PP of (NP office supplies )NP )PP )NP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP said (SBAR (S (NP the decision )NP (VP was (VP based (PP on (NP (NP a long-term analysis )NP (PP of (NP (NP the *UNK )NP (PP of (NP (NP *UNKC Group 's )NP marketing business )NP )PP (PP with (NP other *UNKC *UNKC operations )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP acquired (NP (NP the core )NP (PP of (SBAR (WHNP what )WHNP (S (VP *UNKED (PP into (NP *UNKC Group )NP )PP )VP )S )SBAR )PP )NP (PP in (NP 1979 )NP )PP (PP by (S (VP buying (NP Dictaphone Corp )NP )VP )S )PP )VP . )S  STOP
(S (NP A spokeswoman )NP (VP would n't (VP comment (PP on (SBAR whether (S (NP the company )NP (VP had (VP talked (PP with (NP (NP any potential buyers )NP (PP for (NP (NP the (NAC New Hartford , Conn. , )NAC unit )NP , (SBAR (WHNP which )WHNP (S (VP had (NP (NP 1988 sales )NP (PP of (NP (QP about $ 75 million )QP )NP )PP )NP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )SBAR )PP )VP )VP . )S  STOP
(S (NP She )NP (VP (VP said (SBAR (S (NP *UNKC Group )NP (VP was (ADJP profitable )ADJP )VP )S )SBAR )VP but (VP would n't (VP give (NP figures )NP )VP )VP )VP . )S  STOP
(S (NP The spokeswoman )NP (VP said (SBAR (S (NP the company )NP (VP does n't (VP have (NP (NP a timetable )NP (PP for (NP the sale )NP )PP )NP )VP )VP )S )SBAR , (S (VP adding (SBAR that (S (NP (NP the board 's )NP decision )NP (ADVP just )ADVP (VP starts (NP (NP the search )NP (PP for (NP a buyer )NP )PP )NP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP *UNKC *UNKC )NP (VP said (SBAR (S (NP third-quarter net income )NP (VP gained (NP 15 % )NP (PP to (NP (NP (QP $ 62 million )QP )NP , or (NP (NP 78 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ 54 million )QP )NP , or (NP (NP 68 cents )NP (NP a share )NP )NP )NP , (ADVP (NP a year )NP ago )ADVP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Revenue )NP (VP grew (NP 13 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP the growth )NP (VP was (VP led (PP by (NP (NP its major operations )NP , (ADVP particularly )ADVP (NP *UNKING , shipping , *UNKING and facsimile businesses )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Steel *UNK )NP (PP of (NP (NP a type )NP (SBAR (WHNP that )WHNP (S (VP may (VP have (VP prevented (NP (NP collapse )NP (PP of (NP (NP the columns )NP (PP of (NP (NP a *UNK- stretch )NP (PP of (NP the *UNKC *UNKC )NP )PP )NP )PP )NP )PP )NP )VP )VP )VP )S )SBAR )NP )PP )NP (VP had (VP been (VP installed (PP on (NP (NP (ADVP at least )ADVP a small test section )NP (PP of (NP the *UNK- highway )NP )PP )NP )PP (NP last year )NP (PP by (NP (NP (NP California 's )NP Department )NP (PP of (NP Transportation )NP )PP )NP )PP )VP )VP )VP )S , (NP (NP employees )NP (ADJP familiar (PP with (NP the project )NP )PP )ADJP )NP (VP say )VP . )S  STOP
(S (NP (NP The test project )NP -- (SBAR (WHNP which )WHNP (S (ADVP reportedly )ADVP (VP survived (NP (NP Tuesday 's )NP earthquake )NP )VP )S )SBAR -- )NP (VP was (NP (NP a prelude )NP (PP to (NP a state plan (S (VP to (VP *UNK (NP (NP that critical section )NP (PP of (NP the freeway )NP )PP )NP (PP with (NP the steel *UNK )NP )PP )VP )VP )S )NP )PP )NP )VP . )S  STOP
(S (NP State engineers )NP (VP have (VP made (NP a preliminary finding (SBAR that (S (NP it )NP (VP was (NP (NP failure )NP (PP of (NP (NP the concrete columns )NP , (VP (VP *UNKED )VP and (VP *UNKED (PP from (NP the *UNK- *UNKED )NP )PP )VP )VP )NP )PP )NP , (SBAR (WHNP that )WHNP (S (VP was (ADJP responsible (PP for (NP the collapse )NP )PP )ADJP )VP )S )SBAR )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP The failure )NP (PP in (NP Oakland )NP )PP (PP of (NP (NP the freeway segment )NP (VP known (PP as (NP the *UNKC structure )NP )PP )VP )NP )PP )NP (VP was (NP (NP the *UNK aspect )NP (PP of (NP the quake )NP )PP )NP , (SBAR although (S (NP officials )NP (VP were (ADJP *UNK )ADJP (NP yesterday )NP (SBAR that (S (NP (NP the death toll )NP (ADVP there )ADVP )NP (VP might (VP be (ADJP (ADJP significantly lower )ADJP (PP than (NP (NP the 250 )NP (VP (ADVP initially )ADVP feared )VP )NP )PP )ADJP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (S (VP *UNKING (PRT out )PRT (NP the *UNK )NP )VP )S (VP is (VP expected (S (VP to (VP take (NP several days )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Red *UNK )NP (ADVP *UNKLY )ADVP (VP picked (PP at (NP the rubble )NP )PP (SBAR while (S (NP *UNK )NP (VP tried (S (VP to (VP break (PRT up )PRT (NP (NP some )NP (PP of (NP (NP the massive *UNK )NP (PP of (NP concrete )NP )PP )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Giant *UNK *UNK )NP (VP were (VP *UNKED (PRT up )PRT (PP *UNK (NP the collapsed segment )NP )PP , (S (VP preparing (S (VP to (VP lift (PRT off )PRT (NP (NP *UNK )NP (PP of (NP the *UNK )NP )PP )NP )VP )VP )S )VP )S )VP )VP . )S  STOP
(S (PP In (NP Sacramento )NP )PP , (NP a transportation department spokesman )NP (VP said (SBAR (S (NP he )NP (VP could n't (ADVP immediately )ADVP (VP confirm or deny (NP (NP existence )NP (PP of (NP the test work )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP However )ADVP , (NP he )NP (VP asserted (SBAR that (S (NP the department )NP (VP had n't (VP *UNKED (NP (NP the technology )NP (VP needed (S (VP to (VP *UNK (NP the entire *UNKC structure )NP )VP )VP )S )VP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Moreover )ADVP (PRN , (S (NP other officials )NP (VP noted )VP )S , )PRN (NP (NP *UNK )NP (PP in (NP transportation funding )NP )PP (SBAR (WHNP that )WHNP (S (NP the state )NP (VP has (VP experienced (PP over (NP the years )NP )PP )VP )VP )S )SBAR )NP (VP may (VP have (VP restricted (NP (NP the availability )NP (PP of (NP (NP funds )NP (PP for (NP such a *UNKING )NP )PP )NP )PP )NP , (SBAR even if (S (NP it )NP (VP were (ADJP *UNKLY *UNK )ADJP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP *UNKC employees )NP (VP said (SBAR (S (NP (NP the *UNKING )NP , (SBAR (WHNP which )WHNP (S (VP had n't (ADVP yet )ADVP (VP been (VP *UNKED )VP )VP )VP )S )SBAR , )NP (VP was (NP (NP part )NP (PP of (NP (NP a planned , *UNK- *UNK )NP (PP of (NP the Cypress structure )NP )PP (VP begun (PP by (NP the California transportation department )NP )PP (ADVP (NP several years )NP ago )ADVP )VP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The Cypress *UNK project )NP (NP itself )NP )NP (VP was (NP (NP part )NP (PP of (NP an annual effort (S (VP to (VP shore (PRT up )PRT (NP (NP structures )NP (VP believed (S (ADJP vulnerable (PP to (NP earthquakes )NP )PP )ADJP )S )VP )NP )VP )VP )S )NP )PP )NP )VP . )S  STOP
(S (NP The state )NP (VP began (NP such work )NP (PP after (NP (NP a 1971 *UNK )NP (PP in (NP Southern California )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP numerous bridges )NP (VP collapsed )VP )S )SBAR )NP )PP )VP . )S  STOP
(S `` (S (NP We )NP (VP had (ADVP just )ADVP (VP finished (NP (NP phase two )NP '' (PP of (NP the Cypress project )NP )PP (SBAR (WHNP that )WHNP (S (VP involved (S (VP *UNKING (NP (NP a series )NP (PP of (NP (NP *UNKING *UNK )NP (VP designed (NP (SBAR (S (VP to (VP prevent (NP (NP *UNK )NP (PP of (NP the *UNK )NP )PP )NP (PP from (S (VP *UNKING (PP as (NP (NP a result )NP (PP of (NP *UNK shock )NP )PP )NP )PP )VP )S )PP )VP )VP )S )SBAR )NP )VP )NP )PP )NP )VP )S )VP )S )SBAR )NP )VP )VP )S , (NP a state *UNKC engineer )NP (VP said )VP . )S  STOP
(S (PP After (S (VP completing (NP (NP *UNK )NP (PP of (NP the *UNK )NP )PP (PP on (NP `` (NP one frame )NP '' (PP of (NP the freeway )NP )PP )NP )PP )NP (NP last year )NP )VP )S )PP , (NP the state *UNKC )NP (VP had (VP sent (NP the project )NP (PP over (PP to (NP (NP its Sacramento engineers )NP (SBAR (S (VP to (VP draw (PRT up )PRT (NP a final design )NP )VP )VP )S )SBAR )NP )PP )PP )VP )VP . )S  STOP
(S (NP *UNKC employees )NP (VP said (SBAR (S (NP the project )NP (VP had (VP been (VP *UNKED (ADVP somewhat )ADVP (PP by `` (NP (NP the difficulty )NP (PP of (S (VP designing '' (NP the *UNK )NP )VP )S )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The procedure )NP (VP involves (S (VP (VP *UNKING (NP the concrete columns )NP (PP with (NP steel )NP )PP )VP , (ADVP then )ADVP (VP *UNKING (NP them )NP (ADVP more *UNKLY )ADVP (PP to (NP the *UNK- *UNKED )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The employees )NP (ADVP also )ADVP (VP said (SBAR (S (NP the project )NP (VP may (VP have (VP been (VP *UNKED (PP by (NP budgetary concerns )NP )PP )VP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP One preliminary estimate )NP (VP put (NP the *UNKING cost )NP (PP at (NP (QP as much as $ 50 million )QP )NP )PP )VP . )S  STOP
(S (NP (NP The collapse )NP (PP of (NP the *UNK )NP )PP )NP (VP has (VP *UNKED (NP (NP surprise and anger )NP (PP among (NP state officials )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Gov. George Deukmejian )NP , (SBAR (WHNP who )WHNP (S (VP said (SBAR (S (NP he )NP (VP had (VP been (VP assured (PP by (NP state transportation officials )NP )PP (SBAR that (S (NP the structure )NP (VP could (VP *UNK (NP an (ADJP even larger )ADJP quake )NP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP )S )SBAR , )NP (VP called (PP for (NP an immediate investigation )NP )PP )VP . )S  STOP
(SINV `` (S (NP I )NP (VP want (S (VP to (VP know (SBAR (WHNP who )WHNP (S (VP made (NP the decision (SBAR that (S (NP (NP it )NP )NP (VP was (ADJP safe )ADJP (SBAR for (S (NP *UNKN people )NP (VP to (VP use (NP every day )NP )VP )VP )S )SBAR )VP )S )SBAR )NP )VP )S )SBAR )VP )VP )S )VP )S , '' (VP said )VP (NP (NP Richard Katz )NP , (NP (NP a state legislator )NP (SBAR (WHNP who )WHNP (S (VP is (NP (NP chairman )NP (PP of (NP (NP the California Assembly 's )NP transportation committee )NP )PP )NP )VP )S )SBAR )NP )NP . )SINV  STOP
(S (NP He )NP (VP said (SBAR (S (NP he )NP (VP would (VP *UNK (NP hearings )NP (PP within (NP two weeks )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The Cypress structure )NP (VP (VP opened (PP in (NP June *UNKN )NP )PP )VP , and (VP (PP as (NP such )NP )PP , (PP like (NP (NP many buildings )NP (PP in (NP the San Francisco Bay area )NP )PP )NP )PP , does not (VP meet (NP (NP current building *UNK )NP (VP requiring (NP (ADJP considerably more )ADJP steel support )NP )VP )NP )VP )VP )VP . )S  STOP
(S (NP (NP The northern *UNK )NP (PP of (NP the *UNK )NP )PP )NP (VP lie (PP in (NP (NP *UNK deposits )NP (SBAR (WHNP that )WHNP (S (VP were (PP of (NP (NP a type )NP (SBAR (S (VP to (VP have (VP *UNKED (ADVP easily )ADVP (PP during (NP the *UNKN quake )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Transportation department officials )NP , (ADVP however )ADVP , (VP said (SBAR (S (NP they )NP (VP were (ADJP (ADJP as surprised )ADJP (PP as (NP anyone )NP )PP (PP by (NP the Cypress destruction )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP said (SBAR (S (NP previous earthquakes )NP (VP suggested (SBAR that (S (NP *UNK- *UNK )NP (VP would (VP stand (PRT up )PRT (ADVP well )ADVP )VP )VP )S )SBAR , (SBAR although (S (NP they )NP (VP were (VP working (PP on (NP (NP ways )NP (SBAR (S (VP to (VP bolster (NP them )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (S (ADVP Unfortunately )ADVP , (NP there )NP (VP is (NP (NP (QP only one )QP laboratory )NP (PP for (S (VP developing (NP (NP techniques )NP (SBAR (S (VP to (VP *UNK (NP earthquakes )NP )VP )VP )S )SBAR )NP )VP )S )PP )NP )VP )S , and (S (NP that )NP (VP is (NP an earthquake )NP )VP )S )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP San Francisco district director )NP (PP for (NP the transportation department )NP )PP )NP )NP . )SINV  STOP
(S (NP He )NP (VP said : `` (S (NP We )NP (VP know (PP of (NP (NP no technology )NP (SBAR (WHNP that )WHNP (S (VP exists (ADVP anywhere (PP in (NP the world )NP )PP )ADVP )VP )S )SBAR (SBAR (WHNP that )WHNP (S (VP would (VP allow (S (NP us )NP (VP to '' (VP reinforce (NP the columns )NP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP Financial Corp. )NP (PP of (NP Santa Barbara )NP )PP )NP (VP said (SBAR (S (NP it )NP (VP *UNKED (PP to (NP Nov. 29 )NP )PP (NP (NP a special shareholder meeting )NP (SBAR (S (VP to (VP vote (PP on (NP a (ADJP (QP $ 75 million )QP )ADJP *UNK- exchange )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The meeting )NP (VP had (VP been (VP scheduled (PP for (NP Nov. 10 )NP )PP )VP )VP )VP )S but (S (NP the company )NP (VP delayed (NP the meeting )NP (S (VP to (VP allow (NP (NP time )NP (SBAR for (S (NP the Securities and Exchange Commission )NP (VP to (VP review (NP the proposal )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP )S . )S  STOP
(S (PP As (NP (NP part )NP (PP of (NP (NP a restructuring )NP (VP announced (NP earlier this year )NP )VP )NP )PP )NP )PP , (NP the company )NP (VP proposed (PP in (NP August )NP )PP (S (VP to (VP exchange (NP *UNKN (ADJP newly issued )ADJP common shares )NP (PP for (NP (NP each $ 1,000 face value )NP (PP of (NP debt )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (S (ADVP However )ADVP , (NP that figure )NP (VP could (VP be (VP revised )VP )VP )VP )S , (NP Financial Corp. )NP (VP said )VP . )S  STOP
(S (ADVP Currently )ADVP , (NP the company )NP (VP has (NP (NP (QP about six million )QP common shares )NP (ADJP outstanding )ADJP )NP )VP . )S  STOP
(S (SBAR If (S (NP all the debt )NP (VP was (VP converted )VP )VP )S )SBAR , (NP (QP about 13 million )QP new shares )NP (VP would (VP be (VP issued )VP )VP )VP . )S  STOP
(S (PP In (NP composite trading )NP )PP (NP Wednesday )NP (PP on (NP the New York Stock Exchange )NP )PP , (NP Financial Corp. )NP (VP closed (PP at (NP $ 1.125 )NP )PP , (ADJP unchanged )ADJP )VP . )S  STOP
(S (NP The debt )NP (VP consists (PP of (NP (NP (NP (QP $ 50 million )QP )NP (PP of (NP (NP (ADJP (QP 13 3\/8 )QP % )ADJP subordinated notes )NP (ADJP due (NP 1998 )NP )ADJP )NP )PP )NP , and (NP (NP (QP $ 25 million )QP )NP (PP of (NP (NP (ADJP 9 % )ADJP convertible subordinated debentures )NP (ADJP due (NP *UNKN )NP )ADJP )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP Financial Corp. )NP (ADVP also )ADVP (VP is (VP proposing (S (VP to (VP exchange (NP (NP each )NP (PP of (NP (NP its *UNKN outstanding shares )NP (PP of (NP cumulative convertible preferred series A stock )NP )PP )NP )PP )NP (PP for (NP (NP two shares )NP (PP of (NP common )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (PP After (NP (NP years )NP (PP of (S (VP *UNKING (PP over (NP (NP *UNKC 's )NP `` *UNKC '' )NP )PP )VP )S )PP )NP )PP , (NP (NP West Germany )NP and (NP the U.S. )NP )NP (VP appear (S (VP to (VP have (VP *UNKED (PP onto (NP a *UNKED course )NP )PP (PP in (NP Eastern Europe )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC and Washington )NP (VP have (VP taken (NP a leading role )NP (PP in (NP (NP aid )NP (PP for (NP the *UNK countries )NP )PP )NP )PP )VP , (S (VP (VP *UNKING (NP (NP billions )NP (PP of (NP dollars )NP )PP (PP in (NP fresh credit )NP )PP )NP )VP and (VP *UNKING (NP old debt )NP )VP (SBAR while (S (VP urging (NP other industrial nations )NP (S (VP to (VP follow (NP suit )NP )VP )VP )S )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP Both )NP (VP hope (S (VP to (VP encourage (NP (NP pressure )NP (PP for (NP change )NP )PP (PP in (NP (NP East bloc countries )NP (VP (ADVP still )ADVP ruled (PP by (NP *UNKC *UNK )NP )PP )VP )NP )PP )NP (PP by (S (VP *UNKING (NP (NP (NP liberal financial aid )NP and (NP trade benefits )NP )NP (PP for (NP (NP Poland )NP , (NP Hungary )NP and (PRN , (PP to (NP a lesser extent )NP )PP , )PRN (NP the Soviet Union )NP )NP )PP )NP )VP )S )PP )VP )VP )S )VP . )S  STOP
(S (NP (ADJP West German )ADJP officials )NP (ADVP also )ADVP (VP have (NP (NP the special goal )NP (PP of (S (VP holding (PRT out )PRT (NP (NP hope )NP (PP for (NP (NP East Germany 's )NP fledgling reform movement )NP )PP )NP )VP )S )PP )NP )VP . )S  STOP
(SINV `` (S (NP (NP The change )NP (VP taking (NP place )NP (PP in (NP (NP the Soviet Union )NP , (NP Poland )NP and (NP Hungary )NP )NP )PP )VP )NP (VP has (VP *UNKED (NP new hope )NP (PP in (NP both German states )NP )PP (SBAR (SBAR that (S (NP reforms )NP (VP will (VP be (VP undertaken (PP in -LCB- (NP East Germany )NP -RCB- )PP )VP )VP )VP )S )SBAR , and (SBAR that (S (NP (NP relations )NP (PP between (NP the two German states )NP )PP )NP , (ADVP too )ADVP , (VP will (VP get better )VP )VP )S )SBAR )SBAR )VP )VP )S , '' (VP said )VP (NP Foreign Minister *UNKC *UNKC )NP . )SINV  STOP
(S (S (VP *UNKING (NP (NP a conference )NP (PP of (NP (NP the (ADJP New York-based )ADJP Institute )NP (PP for (NP *UNKC Security *UNKC )NP )PP )NP )PP (PP in (NP Frankfurt )NP )PP )NP (NP yesterday )NP )VP )S , (NP Mr. *UNKC )NP (VP said , `` (S (NP *UNKC )NP (VP will (VP judge (NP us )NP (PP by (SBAR whether (S (NP we )NP (VP have (VP taken (NP (NP the opportunities )NP (SBAR (WHNP that )WHNP (S (VP emerge (PP from (NP these reforms )NP )PP )VP )S )SBAR )NP )VP )VP )S )SBAR )PP )VP )VP )S )VP . '' )S  STOP
(S (NP (NP The ultimate aim )NP (PP of (NP (NP Western support )NP (PP for (NP East bloc reforms )NP )PP )NP )PP )NP (PRN , (S (NP he )NP (VP said )VP )S , )PRN (VP is (S (VP to (VP create `` (NP an (ADJP *UNK and stable )ADJP *UNK order )NP (PP in (NP Europe )NP )PP (PP (PP from (NP the Atlantic )NP )PP (PP to (NP the *UNKC )NP )PP )PP )VP )VP )S )VP . '' )S  STOP
(S (NP (NP Mr. *UNKC )NP and (NP (NAC U.S. Secretary (PP of (NP Commerce )NP )PP )NAC Robert A. *UNKC )NP )NP , (PP in (NP (NP separate *UNK )NP (PP at (NP the conference )NP )PP )NP )PP , (VP appealed (PP for (NP (NP more Western contributions )NP (PP to (NP (NP (NP economic reforms )NP and (NP business development )NP )NP (PP in (NP Hungary and Poland )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP *UNKC and Washington )NP (VP are (NP (NP leading supporters )NP (PP of (NP (NP (NP Poland 's )NP request )NP (PP for (NP (NP a (ADJP (QP $ 1 billion )QP )ADJP *UNK- credit )NP (PP from (NP the International Monetary Fund )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S `` (NP We )NP (VP want (S (NP (NP the bold programs )NP (PP of (NP (NP market development )NP and (NP political freedom )NP )NP )PP (PP (PP in (NP Hungary )NP )PP and (PP in (NP Poland )NP )PP )PP )NP (VP to (VP succeed )VP )VP )S )VP . )S  STOP
(SINV (S (NP We )NP (VP are (VP prepared (S (VP to (VP support (NP those changes )NP )VP )VP )S )VP )VP )S , '' (VP said )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S (NP (NP U.S. curbs )NP (PP on (NP (NP the exports )NP (PP of (NP sensitive technology )NP )PP (PP to (NP East bloc countries )NP )PP )NP )PP )NP (VP will (VP remain (PP in (NP place )NP )PP , (ADVP however )ADVP )VP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP the U.S. House )NP (PP of (NP Representatives )NP )PP )NP (NP yesterday )NP (VP approved (NP (NP an (ADJP (QP $ *UNKN million )QP )ADJP aid package )NP (PP for (NP Poland and Hungary )NP )PP (SBAR (WHNP that )WHNP (S (ADVP more than )ADVP (VP *UNK (NP (NP the amount )NP (SBAR (S (NP President Bush )NP (VP had (VP requested )VP )VP )S )SBAR )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The package )NP (VP was (VP brought (PP to (NP the House )NP )PP (SBAR (NP (QP just 15 )QP days )NP after (S (NP it )NP (VP was (VP introduced )VP )VP )S )SBAR , (S (VP indicating (NP (NP Congress 's )NP *UNK (S (VP to (VP reward (NP Poland and Hungary )NP (PP for (NP (NP their moves )NP (PP toward (NP (NP democracy )NP and (NP *UNK economic reforms )NP )NP )PP )NP )PP )VP )VP )S )NP )VP )S )VP )VP . )S  STOP
(S (NP (NP The legislation )NP , (VP (VP approved (ADVP *UNKN )ADVP )VP and (VP sent (PP to (NP the Senate )NP )PP )VP )VP , )NP (VP *UNK (NP (NP two enterprise funds )NP , (SBAR (S (VP to (VP be (VP *UNKED (PP by (NP independent *UNK boards )NP )PP )VP )VP )VP )S )SBAR , (SBAR (WHNP which )WHNP (S (VP will (VP make (NP loans and investments )NP (PP in (NP (NP new business ventures )NP (PP in (NP Hungary and Poland )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP The Polish fund )NP (VP would (VP be (VP *UNKED (PP with (NP (QP $ 160 million )QP )NP )PP )VP )VP )VP )S , (S (NP the *UNKC fund )NP (PP with (NP (QP $ 40 million )QP )NP )PP )S . )S  STOP
(S (PP In (NP addition )NP )PP , (NP (NP a group )NP (PP of (NP 24 industrialized countries )NP )PP , (UCP (PP including (NP (NP the U.S. )NP and (NP Japan )NP )NP )PP and (VP *UNKED (PP by (NP the European Community Commission )NP )PP )VP )UCP , )NP (VP has (VP promised (NP Poland and Hungary )NP (NP (NP trade advice )NP and (NP (NP a line )NP (PP of (NP credit )NP )PP (ADJP equivalent (PP to (NP (QP $ 1.11 billion )QP )NP )PP )ADJP (PP through (NP the European Investment Bank )NP )PP )NP )NP , (SBAR while (S (NP the EC )NP (VP plans (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP direct aid )NP )PP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP Chancellor *UNKC *UNKC )NP (VP *UNK (PP to (NP Poland )NP )PP (NP Nov. 9 )NP )VP )S )SBAR , (NP he )NP (VP is (VP expected (S (VP to (VP take (PP with (NP him )NP )PP (NP (NP a promise )NP (PP of (NP (NP (QP three billion )QP West German marks )NP (PRN -LRB- (NP (QP $ 1.6 billion )QP )NP -RRB- )PRN (PP in (NP (NP new credit guarantees )NP (PP for (NP industrial projects )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Last week )NP , (NP Bonn )NP (VP agreed (S (VP to (VP *UNK (NP (NP (QP 2.5 billion )QP marks )NP (PP in (NP Polish debt )NP )PP (SBAR (WHNP that )WHNP (S (VP came (ADJP due )ADJP (NP last year )NP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP (NP a (ADJP (QP one billion )QP mark )ADJP credit )NP (VP *UNKING (PP from (NP 1974 )NP )PP )VP )NP (VP is (S (VP to (VP be (VP written (PRT off )PRT )VP )VP )VP )S )VP . )S  STOP
(S (NP (NP Poland 's )NP plan (S (VP to (VP switch (PP to (NP a free-market economy )NP )PP (PP by (NP 1991 )NP )PP )VP )VP )S )NP (VP is (VP hampered (PP by (NP (NP a foreign debt load )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP West Germany )NP (ADVP also )ADVP (VP has (VP increased (NP (NP its credit guarantees )NP (PP to (NP Hungary )NP )PP )NP (PP by (NP (NP (QP 500 million )QP marks )NP to (NP (QP 1.5 billion )QP marks )NP )NP )PP (SBAR as (S (NP the emerging democratic state )NP (VP *UNK (PP through (NP (NP its own economic reforms )NP , (PP including (NP (NP (NP a broad privatization )NP (PP of (NP state-owned industry )NP )PP )NP and (NP (NP tax incentives )NP (PP for (NP industrial investment )NP )PP )NP )NP )PP )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP An additional (QP 500 million )QP marks )NP (PP in (NP *UNKING )NP )PP )NP (VP was (VP promised (PP by (NP (NP the (ADJP West German )ADJP state governments )NP (PP of (NP *UNKC and *UNKC )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Deutsche Bank AG )NP , (SBAR (WHNP which )WHNP (S (NP last year )NP (VP arranged (NP a (QP three billion )QP mark credit )NP (PP for (NP the Soviet Union )NP )PP )VP )S )SBAR , )NP (VP is (ADVP now )ADVP (VP moving (S (VP to (VP become (NP (NP the first (ADJP West German )ADJP bank )NP (SBAR (S (VP to (VP set (PRT up )PRT (NP (NP independent business offices )NP (PP in (NP Hungary and Poland )NP )PP )NP (SBAR as (S (NP they )NP (VP shift (PP to (NP free-market economies )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP A *UNK )NP (PP of (NP Frankfurt banking )NP )PP )NP (VP holds (SBAR that (S (SBAR (WHADVP *UNK )WHADVP (S (NP Deutsche Bank )NP (VP goes )VP )S )SBAR , (NP other (ADJP West German )ADJP banks )NP (VP follow )VP )S )SBAR )VP . )S  STOP
(S (ADVP Indeed )ADVP , (NP (QP at least four )QP other (ADJP West German )ADJP banks )NP (VP are (VP believed (S (VP to (VP be (VP making (NP inquiries )NP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP *UNKC Inc. )NP (VP said (SBAR (S (NP third-quarter net income )NP (VP rose (NP 73 % )NP , (PP to (NP (NP (QP $ 38 million )QP )NP , or (NP (NP 76 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 45 cents )NP (NP a share )NP )NP )NP , (ADVP (NP a year )NP ago )ADVP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP 34 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP . )S  STOP
(SINV `` (S (NP (NP *UNKC 's )NP world-wide volume )NP (VP has (VP grown (NP 25 % )NP (PP in (NP (NP a climate )NP (PP of (NP (ADJP relatively flat )ADJP industry sales )NP )PP )NP )PP )VP )VP )S , '' (VP said )VP (NP (NP John W. *UNKC )NP , (NP chairman )NP )NP . )SINV  STOP
(S (NP He )NP (VP said (SBAR (S (NP (NP (NP the toy company 's )NP `` prospects )NP (PP for (NP a strong fourth quarter )NP )PP '' )NP (VP are (ADVP also )ADVP (ADJP good )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP attributed (NP (NP the jump )NP (PP in (NP quarter net )NP )PP )NP (PP to (NP (NP strong world-wide sales )NP (PP of (NP its (NP (NP *UNKC *UNK )NP , (NP *UNKC *UNKC cars )NP , (NP Disney *UNK )NP and (NP other well-known toy lines )NP )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP The company )NP (ADVP also )ADVP (VP cited (NP (NP (NP retail trade )NP and (NP consumer demand )NP )NP (PP for (NP (NP new products )NP (VP introduced (NP this year )NP )VP , (PP such as (NP (NP *UNKC *UNKC *UNKC )NP and (NP *UNKC *UNKC )NP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP Mattel net )NP (ADVP more than )ADVP (VP doubled (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ 1.19 )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 53 cents )NP (NP a share )NP )NP )NP , (NP (NP a year )NP ago )NP )PP )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP 25 % )NP , (PP to (NP (QP $ *UNKN million )QP )NP )PP , (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP Mattel )NP (VP said (SBAR (S (NP (NP (NP the company 's )NP sale )NP (PP of (NP (NP rights )NP (PP to (NP (NP land and buildings )NP (PP at (NP its (NAC *UNKC , Calif. , )NAC headquarters )NP )PP )NP )PP )NP )PP )NP (VP resulted (PP in (NP (NP a (ADJP (QP $ 13 million )QP )ADJP charge )NP (PP to (NP third-quarter operating profit )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The charge )NP (VP did n't (VP affect (NP (NP net )NP (PP for (NP the quarter )NP )PP )NP (SBAR as (S (NP it )NP (VP was (VP offset (PP by (NP tax benefits )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Mattel )NP (VP has (VP purchased (NP (NP a new headquarters building )NP (PP in (NP (NP El *UNKC )NP , (NP Calif. )NP , )NP )PP (SBAR (WHNP which )WHNP (S (NP it )NP (VP will (VP *UNK (PP by (NP (NP the end )NP (PP of (NP next year )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP can (VP be (ADJP *UNK (PP to (NP politicians )NP )PP )ADJP )VP )VP )S : (S (ADVP Sometimes )ADVP (NP it )NP (VP forces (S (NP them )NP (VP to (VP make (NP choices )NP )VP )VP )S )VP )S . )S  STOP
(S (ADVP Now (SBAR that (S (NP the Supreme Court )NP (VP opened (NP the door )NP (PP on (NP (NP the subject )NP (PP of (NP abortion )NP )PP )NP )PP )VP )S )SBAR )ADVP , (NP politicians )NP (VP are (VP *UNKING (PP under (NP (NP the *UNK )NP (PP of (NP democratic choice )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Their *UNK )NP (VP is (NP (NP a healthy sign )NP (PP for (NP (NP the rest )NP (PP of (NP us )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Republicans )NP (VP are (VP (VP *UNKING (ADVP most *UNKLY )ADVP , (PP (ADVP at least )ADVP at (ADJP first )ADJP )PP )VP , (SBAR (WHNP which )WHNP (S (VP is (ADJP only fair )ADJP (SBAR because (S (NP they )NP (VP 've (VP been (VP *UNKED (NP the most )NP )VP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP (ADVP So long )ADVP (SBAR as (S (NP abortion )NP (VP was (NP (NP a question )NP (PP for (NP (NP litigation )NP , not (NP legislation )NP , )NP )PP )NP )VP )S )SBAR )ADVP (NP Republicans )NP (VP could (VP find (NP political security )NP (PP in (NP *UNK )NP )PP )VP )VP . )S  STOP
(S (NP They )NP (VP could (VP attract (NP *UNK- voters )NP (PP by (S (VP adopting (NP (NP the *UNK- movement 's )NP strongest position )NP )VP )S )PP , (SBAR even as (S (NP pro-choice Republicans )NP (VP knew (SBAR (S (NP this )NP (VP *UNKED (NP little )NP (PP on (NP (NP an issue )NP (VP *UNKED (PP by (NP the court )NP )PP )VP )NP )PP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP Now )ADVP (NP it )NP (VP matters )VP . )S  STOP
(S (NP (NP Much )NP (PP of (NP Washington )NP )PP )NP (VP thought (SBAR (S (NP it )NP (VP detected (NP George Bush )NP (PP in (NP (NP a *UNK *UNK )NP (PP on (NP abortion )NP )PP )NP )PP (NP the past week )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP (NP Only a month )NP ago )ADVP (NP he )NP (VP 'd (VP warned (S (NP Congress )NP not (VP to (VP pass (NP legislation (S (VP to (VP pay (PP for (NP (NP abortions )NP (PP in (NP (NP cases )NP (PP of (NP rape or incest )NP )PP )NP )PP )NP )PP )VP )VP )S )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Last Friday )NP , (SBAR after (S (NP Congress )NP (VP passed (NP it )NP (ADVP anyway )ADVP )VP )S )SBAR , (NP he )NP (VP hinted (SBAR (S (NP he )NP (VP was (VP looking (PP for (NP compromise )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(SQ *UNKC (NP (NP the man )NP (SBAR (WHNP who )WHNP (S (ADVP once )ADVP (VP was (ADJP (ADJP pro-choice )ADJP (PRN , but (ADVP later )ADVP (ADJP *UNK- )ADJP , )PRN )ADJP )VP )S )SBAR )NP (VP converting (ADVP again )ADVP )VP ? )SQ  STOP
(S (PP In (NP fact )NP )PP , (NP (NP Mr. Bush 's )NP dance )NP (VP was (NP (NP more *UNK )NP (PP than (NP *UNK )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC advocates )NP (VP say (SBAR (S (NP the White House )NP (ADVP never )ADVP (VP *UNKED (PP over (NP the veto )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Christopher Smith )NP (PRN -LRB- (NP (NP R. )NP , (NP N.J. )NP )NP -RRB- )PRN , (NP (NP a *UNK- leader )NP (PP in (NP the House )NP )PP )NP , )NP (VP suggested (NP (NP a compromise )NP (SBAR (WHNP that )WHNP (S (VP would (VP have (VP adapted (NP (NP restrictive language )NP (PP from (NP (NP rape and incest exceptions )NP (PP in (NP the states )NP )PP )NP )PP )NP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The White House )NP , (S (ADVP never )ADVP (ADJP eager (PP for (NP a fight )NP )PP )ADJP )S , (VP (VP was (ADJP happy (S (VP to (VP try )VP )VP )S )ADJP )VP , (SBAR (WHNP which )WHNP (S (VP is (SBAR (WHADVP why )WHADVP (S (NP George Bush )NP (VP said (SBAR (S (NP he )NP (VP was (VP looking (PP for `` (NP flexibility )NP '' )PP )VP )VP )S )SBAR (NP last week )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP Democrats )NP (VP refused (S (VP to (VP *UNK )VP )VP )S )VP )S )SBAR , (S (NP *UNK- Republicans )NP (VP met (PP at (NP the White House )NP )PP (PP with (NP (NAC Chief (PP of (NP Staff )NP )PP )NAC John *UNKC )NP )PP (PP on (NP Monday )NP )PP )VP )S , and (S (NP Mr. Bush )NP (ADVP quickly )ADVP (VP signaled (NP a veto )NP )VP )S . )S  STOP
(S (PP *UNKC (NP (NP charges )NP (PP of (NP `` (NP *UNK )NP '' (PP on (UCP (NP Panama )NP and (ADVP elsewhere )ADVP )UCP )PP )NP )PP )NP )PP , (NP the president )NP (VP was n't (VP about (S (VP to (VP *UNK (NP his (ADJP most *UNK )ADJP constituency )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP The GOP *UNK )NP (VP were (PP in (NP Congress )NP )PP )VP . )S  STOP
(S (PP In (NP (NP last week 's )NP House vote )NP )PP , (NP 41 Republicans )NP (VP *UNKED )VP . )S  STOP
(S (PP After (NP the vote )NP )PP , (NP Connecticut Rep. Nancy Johnson )NP (VP *UNKED (PRT up )PRT (NP (ADJP nearly as many )ADJP *UNK )NP (PP on (NP (NP a letter )NP (PP to (NP Mr. Bush )NP )PP (VP urging (NP him )NP (S not (VP to (VP veto )VP )VP )S )VP )NP )PP )VP . )S  STOP
(S (NP (NP Even such a *UNK- *UNK )NP (PP as (NP (NP Sen. *UNKC *UNKC )NP (PRN -LRB- (NP (NP R. )NP , (NP Utah )NP )NP -RRB- )PRN )NP )PP )NP (VP had (VP *UNKED (NP (NP some kind )NP (PP of (NP compromise )NP )PP )NP )VP )VP . )S  STOP
(S (NP The Senate )NP (VP passed (NP the same bill )NP (NP yesterday )NP , (PP with (NP (NP a *UNK- majority )NP (PP of (NP 67 )NP )PP )NP )PP )VP . )S  STOP
(S (NP The *UNKING )NP (VP illustrates (NP (NP an emerging Republican *UNK )NP , (VP *UNKED (PP since (NP the early 1980s )NP )PP )VP )NP )VP . )S  STOP
(S (PP At (NP the 1988 GOP convention )NP )PP , (NP abortion )NP (VP was (ADVP barely )ADVP (VP discussed (ADVP at all )ADVP , (SBAR though (S (NP *UNK )NP (VP were (ADJP *UNKLY divided (PP on (NP (NP the question )NP (PP of (NP an anti-abortion constitutional amendment )NP )PP )NP )PP )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP Ms. Johnson )NP (VP made (NP a *UNK statement )NP (PP to (NP the platform committee )NP )PP )VP )S , but (S (NP she )NP (VP was (VP talking (PP to (NP herself )NP )PP )VP )VP )S . )S  STOP
(S (ADVP Now )ADVP (NP many Republicans )NP (VP are (VP listening )VP )VP . )S  STOP
(S (NP They )NP (VP 're (ADJP *UNKED (PP by (SBAR (WHNP what )WHNP (S (NP they )NP (VP see (PP in (NP (NP (NP New Jersey )NP , and (ADVP especially )ADVP (NP Virginia )NP )NP , (SBAR (WHADVP where )WHADVP (S (NP (NP *UNK- GOP candidates )NP (PP for (NP governor )NP )PP )NP (VP are (VP being (VP *UNKED (PP on (NP abortion )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )PP )ADJP )VP . )S  STOP
(S (NP (NP Eddie *UNKC )NP , (NP a Republican consultant )NP , )NP (VP says (SBAR (S (NP the two GOP candidates )NP (VP could (VP have (VP avoided (NP trouble )NP (SBAR if (S (NP they )NP (VP had (VP *UNKED (NP the issue )NP (ADVP first )ADVP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S -LRB- (PP In (NP Virginia )NP )PP , (NP (NP Marshall Coleman )NP and (NP (NP his running *UNK )NP , (NP *UNKC *UNKC )NP , )NP )NP (VP are both (PP on (NP the defensive )NP )PP (PP for (S (VP opposing (NP abortions )NP )VP (PP (ADVP even )ADVP in (NP (NP cases )NP (PP of (NP rape or incest )NP )PP )NP )PP )S )PP )VP . -RRB- )S  STOP
(S But (NP Mr. *UNKC )NP (VP adds , `` (S (NP (NP The net *UNK )NP (PP in (NP the next few years )NP )PP )NP (VP is (NP the *UNK- side )NP )VP )S )VP . '' )S  STOP
(S (NP (NP *UNKC St. Martin )NP , (PP of (NP the National (NAC Right (PP to (NP Life )NP )PP )NAC Committee )NP )PP , )NP (VP says (SBAR (S (NP (NP *UNK polls )NP (PP from (NP the 1988 election )NP )PP )NP (VP had (S (NP *UNK- , pro-life voters )NP (VP giving (NP Mr. Bush )NP (NP (NP (ADJP (QP about five )QP more )ADJP percentage points )NP (PP of (NP support )NP )PP (SBAR than (S (NP pro-choice voters )NP (VP gave (NP Michael *UNKC )NP )VP )S )SBAR )NP )VP )S )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP (NP the Supreme Court 's )NP opening )NP (PP of (NP debate )NP )PP )NP (VP may (VP have (VP changed (NP even that )NP )VP )VP )VP . )S  STOP
(S (NP (NP GOP *UNK *UNKC *UNKC )NP , (PP of (NP the *UNKC Group )NP )PP , )NP (VP says (SBAR (S (NP polls )NP (NP this summer )NP (VP showed (SBAR that (S (NP the *UNK- voters )NP (VP had (ADVP about )ADVP (VP *UNKED (PRT out )PRT )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (S (NP *UNKC )NP (VP are (NP (NP no substitute )NP (PP for (NP principle )NP )PP )NP )VP )S , but (S (NP they )NP (VP 'll (VP do (PP for (NP some politicians )NP )PP )VP )VP )S . )S  STOP
(S (NP The Republican danger )NP (VP is (SBAR (S (NP that abortion )NP (VP could (VP become (PP for (NP them )NP )PP (NP (SBAR (WHNP what )WHNP (S (NP it )NP (VP 's (ADVP long )ADVP (VP been (PP for (NP Democrats )NP )PP )VP )VP )S )SBAR , (NP a *UNK *UNK test )NP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP 's (ADVP already )ADVP (NP that )NP (PP in (NP the Bush administration )NP )PP , (PP (ADVP at least )ADVP for (NP (NP any job )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP abortion )NP (VP is (ADVP even *UNKLY )ADVP (NP an issue )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Oklahoma official Robert Fulton )NP (VP lost (NP (NP a chance )NP (PP for (NP (NP a senior job )NP (PP in (NP (NP the Department )NP (PP of (NP Health and Human Services )NP )PP )NP )PP )NP )PP )NP (SBAR after (S (NP *UNK- activists )NP (VP opposed (NP him )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP a conservative former congressman )NP , )NP (VP was (VP *UNKED (PP from (NP a Legal Services post )NP )PP , (SBAR after (S (NP he )NP (VP gave (NP (NP wrong answers )NP (PP on (NP abortion )NP )PP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Even (NP the president 's )NP doctor )NP , (NP *UNKC Lee )NP , )NP (VP has (VP said (PP on (NP the record )NP )PP (SBAR that (S (NP he )NP (VP (VP 'd (VP love (S (VP to (VP be (NP *UNK general )NP )VP )VP )S )VP )VP but (VP could n't (VP pass (NP the pro-life test )NP )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP (NP the case )NP (PP of (NP *UNKC Secretary Louis Sullivan )NP )PP )NP )PP , (NP the *UNK test )NP (VP could (ADVP yet )ADVP (VP damage (NP (NP issues )NP (ADJP important (PP to (NP (NP other parts )NP (PP of (NP the Republican coalition )NP )PP )NP )PP )ADJP )NP )VP )VP . )S  STOP
(S (SBAR After (S (NP Mr. Sullivan )NP (VP *UNKED (PP on (NP abortion )NP )PP (NP last year )NP )VP )S )SBAR , (NP the White House )NP (VP *UNKED (NP *UNK- )NP (PP by (S (VP surrounding (NP him )NP (PP with (NP pro-life deputies )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP (NP Their views )NP (PP on (NP health care and welfare )NP )PP )NP (VP did n't (ADVP much )ADVP (VP matter , (SBAR though (S (NP *UNKC )NP (VP spends (NP (NP billions )NP (NP a year )NP )NP (PP on (NP both )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP It )NP (VP makes (NP (NP only a handful )NP (PP of (NP *UNKED decisions )NP )PP )NP )VP . )S  STOP
(S (SBAR Though (S (NP Democrats )NP (VP can (VP *UNK (PP at (NP all this )NP )PP (PP for (ADVP now )ADVP )PP )VP )VP )S )SBAR , (NP they )NP (VP may (VP want (S (VP to (VP contain (NP their *UNK )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP On (NP abortion )NP )PP , (NP their own day )NP (VP will (VP come )VP )VP . )S  STOP
(S (ADVP Eventually )ADVP (NP even Republicans )NP (VP will (VP find (NP (NP a way )NP (SBAR (S (VP to (VP frame (NP the issue )NP (PP in (NP (NP ways )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP pro-choice *UNK )NP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(SQ Does (NP the candidate )NP (VP favor (NP (NP *UNK consent )NP (PP for (NP *UNK- abortions )NP )PP )NP )VP ? )SQ  STOP
(S -LRB- (NP The pro-choice lobby )NP (VP does n't )VP . )S  STOP
(FRAG -RRB- What about (S (VP banning (NP (NP abortions )NP (PP in (NP the second and third *UNK )NP )PP )NP )VP )S ? )FRAG  STOP
(S -LRB- (NP The lobby )NP (VP says (INTJ no )INTJ (ADVP again )ADVP )VP . -RRB- )S  STOP
(S (NP *UNKC )NP (VP is (VP forcing (NP the abortion debate )NP (PP (PP toward (NP healthy compromise )NP )PP , (PP toward (NP the *UNKING middle )NP )PP )PP )VP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP *UNK (NP *UNKC )NP )PP )NP (VP *UNKED (NP political debate )NP )VP )S , so (S (NP the *UNK )NP (VP *UNKED )VP )S . )S  STOP
(S (ADVP Now )ADVP (NP (NP the *UNK middle )NP , (NP (NP a moral majority )NP (PP of (NP sorts )NP )PP )NP , )NP (VP is (VP *UNKING (NP itself )NP )VP )VP . )S  STOP
(S (PP Within (NP a few years )NP )PP , (NP (NP the outcome )NP (PP in (NP most states )NP )PP )NP (VP is (ADJP likely (S (VP to (VP be (SBAR that (S (NP abortion )NP (VP will (VP be (ADJP (ADJP more restricted )ADJP , but not (ADJP completely banned )ADJP )ADJP )VP )VP )S )SBAR )VP )VP )S )ADJP )VP . )S  STOP
(S (NP This )NP (VP is (SBAR (SBAR (WHADVP where )WHADVP (S (NP the voters )NP (VP are )VP )S )SBAR , (SBAR (WHNP which )WHNP (S (VP is (SBAR (WHADVP where )WHADVP (S (NP politicians )NP (ADVP usually )ADVP (VP end (PRT up )PRT )VP )S )SBAR )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP Union Pacific Corp . third-quarter net income )NP (VP fell (NP 17 % )NP )VP . )S  STOP
(S (S (VP Excluding (NP (NP earnings )NP (PP from (NP (NP discontinued operations )NP (ADVP (NP a year )NP earlier )ADVP )NP )PP )NP )VP )S , (NP net )NP (VP fell (NP (QP only 2 )QP % )NP )VP . )S  STOP
(S (NP The energy , natural resources and railroad concern )NP (VP had (NP (NP net )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ 1.35 )NP (NP a share )NP )NP , (ADVP down (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP the 1988 third quarter )NP )PP , (NP (NP profit )NP (PP from (NP continuing operations )NP )PP )NP (VP totaled (NP (QP $ *UNKN million )QP )NP )VP . )S  STOP
(S (ADVP (NP A year )NP earlier )ADVP , (NP the company )NP (VP had (NP (NP profit )NP (PP from (NP discontinued operations )NP )PP (PP of (NP (NP (QP $ *UNKN million )QP )NP (PP from (NP (NP sale )NP (PP of (NP (NP a pipeline )NP , (NP a refinery )NP and (NP (NP an interest )NP (PP in (NP a second refinery )NP )PP )NP )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP 2 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (PP In (NP (NP composite trading )NP (PP on (NP the New York Stock Exchange )NP )PP )NP )PP , (NP Union Pacific )NP (VP jumped (NP $ *UNKN )NP (PP to (NP (NP $ 75 )NP (NP a share )NP )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP its Union Pacific *UNKC )NP (VP had (NP a (ADJP 3 % )ADJP profit increase )NP , (PP despite (NP (NP (NP a (ADJP 14 % )ADJP rise )NP (PP in (NP fuel costs )NP )PP )NP and (NP (NP a (ADJP 4 % )ADJP drop )NP (PP in (NP car *UNK )NP )PP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Most )NP (PP of (NP the commodity traffic )NP )PP )NP (VP was (ADVP off )ADVP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (S (NP (NP Earnings )NP (PP from (NP (NP continuing operations )NP (PP of (NP the Union Pacific Resources unit )NP )PP )NP )PP )NP (ADVP almost )ADVP (VP doubled )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP It )NP (VP added (SBAR that (S (NP (NP higher revenue )NP , (NP strong crude oil prices )NP and (NP higher natural gas prices )NP )NP (VP offset (NP (NP declines )NP (PP in (NP (NP production )NP (PP of (NP oil , gas and plant *UNK )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP the company )NP (VP cited (NP (NP *UNK- moves )NP and (NP interest income )NP )NP )VP . )S  STOP
(S (NP (NP Earnings )NP (PP from (NP Union Pacific Realty )NP )PP )NP (VP dropped (NP 50 % )NP (PP to (NP (QP $ 3 million )QP )NP )PP )VP . )S  STOP
(S (S (PP Before (NP good will )NP )PP , (NP *UNKC Transportation earnings )NP (VP fell (NP 11 % )NP (PP to (NP (QP $ 15 million )QP )NP )PP )VP )S , (NP Union Pacific )NP (VP said )VP . )S  STOP
(S (PP In (NP the nine months )NP )PP , (NP net )NP (VP fell (NP 6.3 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ 4 )NP (NP a share )NP )NP )NP , (ADVP (NP a year )NP earlier )ADVP )PP )VP . )S  STOP
(S (NP (NP Profit )NP (PP from (NP continuing operations )NP )PP (PP in (NP the year-earlier period )NP )PP )NP (VP was (NP (QP $ *UNKN million )QP )NP )VP . )S  STOP
(S (NP Revenue )NP (VP was (NP (QP $ *UNKN billion )QP )NP , (ADVP up (NP 6 % )NP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )ADVP )VP . )S  STOP
(S (NP The Federal Trade Commission )NP (VP ruled (SBAR that (S (NP five major *UNK- companies )NP (ADVP illegally )ADVP (VP fixed (NP (NP prices )NP (PP for (NP title *UNK- services )NP )PP )NP (PP by (S (VP participating (PP in (NP joint `` rating *UNK '' )NP )PP (PP in (NP six states )NP )PP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The FTC )NP (VP ordered (NP the companies )NP (S not (VP to (VP use (NP rating *UNK )NP (PP in (NP those six states )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The commission order )NP (VP named (NP (NP the following companies )NP : (NP (NP (NP (NP *UNKC *UNKC Insurance Co. )NP (PP of (NP California )NP )PP )NP , (NP (NP a unit )NP (PP of (NP (ADJP Los Angeles-based )ADJP *UNKC )NP )PP )NP )NP ; (NP (NP (NP Chicago Title Insurance Co. )NP and (NP *UNKC Title Insurance Co. )NP )NP , (NP (NP units )NP (PP of (NP Chicago Title & Trust Co. )NP )PP )NP )NP ; (NP (NP Lawyers Title Insurance Corp. )NP , (NP (NP a unit )NP (PP of (NP (ADJP Richmond , *UNKED )ADJP Universal Corp. )NP )PP )NP )NP ; and (NP (NP Stewart Title *UNKC Co. )NP , (NP (NP a unit )NP (PP of (NP *UNKED Stewart Information Services Corp )NP )PP )NP )NP )NP )NP )VP . )S  STOP
(S (NP Chicago Title & Trust )NP (VP (VP acquired (NP *UNKC )NP (PP in (NP 1987 )NP )PP )VP and (VP changed (NP (NP the unit 's )NP name )NP (PP to (NP Security Union Title Insurance Co )NP )PP )VP )VP . )S  STOP
(S (NP The FTC )NP (VP ruled (SBAR that (S (NP the companies )NP (VP violated (NP federal antitrust law )NP (PP by (S (VP *UNKING (NP rates )NP (PP in (NP (NP the following states )NP : (NP (NP New Jersey )NP , (NP Pennsylvania )NP , (NP Connecticut )NP , (NP Wisconsin )NP , (NP Arizona )NP and (NP *UNKC )NP )NP )NP )PP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The FTC )NP (ADVP first )ADVP (VP issued (NP an administrative complaint )NP (PP in (NP the case )NP )PP (PP in (NP 1985 )NP )PP )VP . )S  STOP
(S (NP (NP John Christie )NP , (NP (NP a lawyer )NP (ADVP here )ADVP (PP for (NP the two Chicago Title & Trust units )NP )PP )NP )NP (VP accused (NP the FTC )NP (PP of (S (VP `` *UNKING '' (NP (NP *UNK- regulations )NP , (SBAR (WHPP with (WHNP which )WHNP )WHPP (PRN , (S (NP he )NP (VP said )VP )S , )PRN (S (NP his clients )NP (VP had (VP *UNKED )VP )VP )S )SBAR )NP )VP )S )PP )VP . )S  STOP
(S `` (S (NP I )NP (VP expect (S (NP all the companies )NP (VP to (VP appeal )VP )VP )S )VP )S , '' (NP he )NP (VP added )VP . )S  STOP
(S (NP (NP A lawyer )NP (PP for (NP Lawyers Title )NP )PP )NP (VP said (SBAR that , (S (SBAR because (S (NP the named companies )NP (ADVP no longer )ADVP (VP use (NP (NP the type )NP (PP of (NP cooperative rating *UNK )NP )PP (VP attacked (PP by (NP the FTC )NP )PP )VP )NP )VP )S )SBAR , (NP (NP the commission 's )NP order )NP (VP wo n't (VP have (NP much practical impact )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Officials )NP (PP for (NP the other named companies )NP )PP )NP (VP did n't (VP return (NP (NP telephone calls )NP (VP seeking (NP comment )NP )VP )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC INC. )NP , (NP (NP Calgary )NP , (NP Alberta )NP , )NP )NP (VP said (SBAR (S (NP it )NP (VP agreed (S (VP to (VP sell (NP (NP (QP 75 million )QP Canadian dollars )NP (PRN -LRB- (NP (QP US$ *UNKN million )QP )NP -RRB- )PRN (PP of (NP (ADJP 8 % )ADJP convertible debentures )NP )PP )NP (PP to (NP (NP a group )NP (PP of (NP securities dealers )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Mark )NP , (NP an oil and gas concern )NP , )NP (VP said (SBAR (S (NP the *UNK- debentures )NP (VP (VP are (ADJP convertible (PP before (NP maturity )NP )PP (PP at (NP (NP C$ *UNKN )NP (PP for (NP each Mark common share )NP )PP )NP )PP )ADJP )VP , and (VP can (VP be (VP redeemed (PP at (NP (NP the company 's )NP option )NP )PP , (PP under (NP certain conditions )NP )PP , (PP after (NP Nov. 30 , 1992 )NP )PP )VP )VP )VP )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP The government )NP (VP will (VP try (S (VP to (VP sell (NP (NP all the real estate )NP (VP managed (PP by (NP the Federal Asset *UNKC Association )NP )PP )VP )NP (PP in (NP one fell *UNK )NP )PP )VP )VP )S )VP )VP )S , (VP said )VP (NP (NP William Seidman )NP , (NP (NP chairman )NP (PP of (NP the Federal Deposit Insurance Corp )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP The *UNKC real-estate package )NP , (PP with (NP (NP an asking price )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP , )NP (VP is (VP *UNKED (PP of (NP (NP 150 properties )NP (PP in (NP Texas , California , Colorado , Arizona and Florida )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP It )NP (VP includes (NP (NP apartments )NP , (NP shopping centers )NP , (NP office buildings )NP and (NP *UNKED land )NP )NP )VP . )S  STOP
(S (NP Mr. Seidman )NP (VP is (NP (NP chairman )NP (PP of (NP (NP the Resolution Trust Corp. )NP , (VP established (NP (SBAR (S (VP to (VP sell or merge (NP (NP (NP the nation 's )NP hundreds )NP (PP of (NP insolvent savings-and-loan associations )NP )PP )NP )VP )VP )S )SBAR )NP )VP )NP )PP )NP )VP . )S  STOP
(S (NP (NP The RTC )NP , (VP created (PP by (NP (NP this year 's )NP S&L bailout legislation )NP )PP )VP , )NP (VP is (VP trying (S (VP to (VP sell (NP (NP (NP *UNKC 's )NP network )NP (PP of (NP offices )NP )PP )NP (ADVP separately )ADVP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP holds (NP (NP problem assets )NP (PP of (NP (NP thrifts )NP (SBAR (WHNP that )WHNP (S (VP were (VP closed (SBAR before (S (NP the bailout legislation )NP (VP was (VP enacted )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR , )NP (VP is (VP being (VP liquidated )VP )VP )VP . )S  STOP
(S (S (NP (NP The properties )NP (VP held (PP by (NP *UNKC )NP )PP )VP )NP (VP wo n't (VP be (VP sold (ADVP *UNK )ADVP )VP )VP )VP )S , (NP Mr. Seidman )NP (VP said (PP in (NP (NP a speech )NP (PP before (NP (NP Southern *UNKC University Business School )NP (PP in (NP Dallas )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S `` (S (NP You )NP (VP need (S (VP to (VP buy (NP the entire lot )NP )VP )VP )S )VP )S (PRN , '' (S (NP Mr. Seidman )NP (VP said )VP )S , `` )PRN so (S (VP get (PRT out )PRT (NP your *UNK )NP )VP )S . )S  STOP
(S (NP The following )NP (VP were (PP among (NP (NP (NP yesterday 's )NP offerings and pricings )NP (PP in (NP the (UCP U.S. and non-U.S. )UCP capital markets )NP )PP )NP )PP , (PP with (NP (NP terms )NP and (NP syndicate manager )NP )NP )PP , (SBAR as (S (VP compiled (PP by (NP Dow Jones Capital Markets Report )NP )PP )VP )S )SBAR )VP : )S  STOP
(NP (NP *UNKC Corp. )NP -- (NP (NP (QP $ 150 million )QP )NP (PP of (NP (NP (ADJP (QP 9 5\/8 )QP % )ADJP notes )NP (ADJP due (NP Oct. 15 , 1999 )NP )ADJP , (VP priced (PP at (NP *UNKN )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )NP )PP )NP . )NP  STOP
(S (NP The noncallable issue )NP (VP was (VP priced (PP at (PP (NP (NP a spread )NP (PP of (NP 170 basis points )NP )PP )NP above (NP (NP the Treasury 's )NP 10-year note )NP )PP )PP )VP )VP . )S  STOP
(S (S (VP (VP Rated (S (ADJP *UNKC )ADJP )S (PP by (NP (NP Moody 's )NP Investors Service Inc. )NP )PP )VP and (VP (ADJP *UNK- )ADJP (PP by (NP (NP Standard & Poor 's )NP Corp. )NP )PP )VP )VP )S , (NP the issue )NP (VP will (VP be (VP sold (PP through (NP (NP underwriters )NP (VP led (PP by (NP Merrill Lynch Capital Markets )NP )PP )VP )NP )PP )VP )VP )VP . )S  STOP
(NP (NP Virginia Public School Authority )NP -- (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP (NP school financing bonds )NP , (NP 1989 Series B )NP (PRN -LRB- (NP 1987 resolution )NP -RRB- )PRN , (ADJP due (NP *UNKN , *UNKN and *UNKN , )NP )ADJP (PP through (NP a *UNK Securities Corp. group )NP )PP )NP )PP )NP . )NP  STOP
(S (NP (NP The bonds )NP , (VP rated (S (ADJP double-A )ADJP )S (PP by (NP (NP Moody 's )NP and (NP S&P )NP )NP )PP )VP , )NP (VP were (VP priced (S (VP to (VP yield (PP (PP from (NP (NP 6 % )NP (PP in (NP 1991 )NP )PP )NP )PP (PP to (NP (NP 7.10 % )NP (PP in (NP *UNKN )NP )PP )NP )PP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP *UNKC bonds )NP (VP were (VP priced (S (VP to (VP yield (PP to (NP *UNKN % )NP )PP (PP in (NP 2000 )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP (NP Bonds )NP (ADJP due (NP *UNKN )NP )ADJP )NP (VP carry (NP *UNKN % coupons )NP )VP )S and (S (NP (NP bonds )NP (ADJP due (NP *UNKN )NP )ADJP )NP (VP carry (NP (ADJP (QP 6 3\/4 )QP % )ADJP coupons )NP )VP )S . )S  STOP
(S (NP (NP *UNKC bonds )NP (ADJP due (NP *UNKN )NP )ADJP )NP (VP are n't (VP being (ADVP formally )ADVP (VP *UNKED )VP )VP )VP . )S  STOP
(S (NP They )NP (VP carry (NP a (ADJP 7 % )ADJP coupon )NP )VP . )S  STOP
(S (NP (NP *UNKC bonds )NP (ADJP due (NP *UNKN )NP )ADJP )NP (VP are (NP (NP (ADJP 7.10 % )ADJP securities )NP (VP priced (PP at (NP par )NP )PP )VP )NP )VP . )S  STOP
(NP (NP (NP St. Johns River Water Management District )NP , (NP Fla. )NP )NP -- (NP (NP $ *UNKN )NP (PP of (NP (NP land acquisition revenue bonds )NP , (NP Series 1989 )NP , (ADJP due (NP *UNKN , *UNKN , *UNKN and 2009 )NP )ADJP , (VP (ADVP tentatively )ADVP priced (PP by (NP a Smith Barney , Harris Upham & Co. group )NP )PP (S (VP to (VP yield (PP (PP from (NP (NP 6 % )NP (PP in (NP 1990 )NP )PP )NP )PP (PP to (NP (NP (QP about *UNKN )QP % )NP (PP in (NP *UNKN )NP )PP )NP )PP )PP )VP )VP )S )VP )NP )PP )NP . )NP  STOP
(S (NP There )NP (VP are (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP (NP (ADJP 7 % )ADJP term bonds )NP (ADJP due (NP *UNKN )NP )ADJP , (VP priced (PP at (NP (QP 99 3\/4 )QP )NP )PP (S (VP to (VP yield (NP (QP about *UNKN )QP % )NP )VP )VP )S )VP )NP )PP )NP )VP . )S  STOP
(S (NP (NP (NP The $ *UNKN )NP (PP of (NP (NP term bonds )NP (ADJP due (NP *UNKN )NP )ADJP )NP )PP )NP and (NP (NP the $ *UNKN )NP (PP of (NP (NP term bonds )NP (ADJP due (NP 2009 )NP )ADJP )NP )PP )NP )NP (VP are n't (VP being (ADVP formally )ADVP (VP *UNKED )VP )VP )VP . )S  STOP
(S (NP Serial bonds )NP (VP were (VP priced (PP at (NP par )NP )PP (S (VP to (VP yield (PP to (NP *UNKN % )NP )PP (PP in (NP 2000 )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP The bonds )NP (VP are (VP (VP insured )VP and (VP rated (S (ADJP triple-A )ADJP )S (PP by (NP (NP Moody 's )NP and (NP S&P )NP )NP )PP )VP )VP )VP . )S  STOP
(NP (NP Federal Home Loan Mortgage Corp. )NP -- (NP (NP (QP $ 500 million )QP )NP (PP of (NP (NP Remic mortgage securities )NP (VP being (VP offered (PP in (NP 12 classes )NP )PP (PP by (NP Salomon Brothers Inc )NP )PP )VP )VP )NP )PP )NP . )NP  STOP
(S (NP (NP The offering )NP , (NP Series 105 )NP , )NP (VP is (VP backed (PP by (NP Freddie Mac (ADJP (QP 9 1\/2 )QP % )ADJP securities )NP )PP )VP )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP (NP (QP $ 400 million )QP )NP (PP of (NP Freddie Mac Remic mortgage securities )NP )PP )NP (VP is (VP being (VP offered (PP in (NP 10 classes )NP )PP (PP by (NP Kidder , Peabody & Co )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP The offering )NP , (NP Series 106 )NP , )NP (VP is (VP backed (PP by (NP Freddie Mac (ADJP (QP 9 1\/2 )QP % )ADJP securities )NP )PP )VP )VP . )S  STOP
(S (PP According (PP to (NP available details )NP )PP )PP , (NP yields )NP (VP range (PP (PP from (NP (NP 8.70 % )NP , (NP (NP a spread )NP (PP of (NP 80 basis points )NP )PP (PP over (NP three-year Treasury securities )NP )PP )NP , )NP )PP (PP to (NP (NP *UNKN % )NP , (NP (NP a spread )NP (PP of (NP 230 basis points )NP )PP (PP over (NP 20-year Treasurys )NP )PP )NP )NP )PP )PP )VP . )S  STOP
(S (NP The offerings )NP (VP (VP bring (NP (NP Freddie Mac 's )NP 1989 Remic issuance )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP )VP and (VP (NP its total volume )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP )VP (SBAR since (S (NP the program )NP (VP began (PP in (NP February 1988 )NP )PP )VP )S )SBAR )VP . )S  STOP
(NP (NP European Investment Bank )NP (PRN -LRB- (NP agency )NP -RRB- )PRN -- (NP (NP (QP 200 billion )QP lire )NP (PP of (NP (NP (ADJP 12 % )ADJP bonds )NP (ADJP due (NP Nov. 16 , 1995 , )NP )ADJP (VP priced (PP at (NP 101 3\/4 )NP )PP (S (VP to (VP yield (NP (NP 12 % )NP (PP less (NP full fees )NP )PP )NP )VP )VP )S )VP , (PP via (NP lead manager Banco Commercial *UNKC )NP )PP )NP )PP )NP . )NP  STOP
(NP (NP Fees )NP (NP (QP 1 3\/4 )QP )NP . )NP  STOP
(NP (NP IBM International Finance )NP (PRN -LRB- (NP U.S. parent )NP -RRB- )PRN -- (NP (NP (QP 125 million )QP European currency units )NP (PP of (NP (NP (ADJP (QP 9 1\/8 )QP % )ADJP bonds )NP (ADJP due (NP Nov. 10 , 1994 )NP )ADJP , (VP priced (PP at (NP 101 5\/8 )NP )PP (S (VP to (VP yield (NP *UNKN % )NP (PP at (NP (NP the recommended *UNKED price )NP (PP of (NP par )NP )PP )NP )PP )VP )VP )S )VP , (PP via (NP Banque Paribas Capital Markets )NP )PP )NP )PP )NP . )NP  STOP
(NP (NP Societe Generale Australia Ltd . )NP (PRN -LRB- (NP French parent )NP -RRB- )PRN -- (NP (NP (QP 50 million )QP Australian dollars )NP (PP of (NP (NP (ADJP 17 % )ADJP bonds )NP (ADJP due (NP Nov. 20 , 1991 , )NP )ADJP (VP priced (PP at (NP *UNKN )NP )PP (S (VP to (VP yield (NP (NP *UNKN )NP (PP less (NP fees )NP )PP )NP )VP )VP )S )VP , (PP via (NP *UNKC Banking Corp )NP )PP )NP )PP )NP . )NP  STOP
(VP Guaranteed (PP by (NP Societe Generale )NP )PP . )VP  STOP
(NP (NP Fees )NP (NP (QP 1 1\/4 )QP )NP . )NP  STOP
(NP (NP Mitsubishi Trust & Banking Corp . )NP (PRN -LRB- (NP Japan )NP -RRB- )PRN -- (NP (NP 200 million Swiss francs )NP (PP of (NP (NP (ADJP privately placed )ADJP convertible notes )NP (ADJP due (NP March 31 , 1994 , )NP )ADJP (PP with (NP a fixed *UNKN % coupon )NP )PP (PP at (NP par )NP )PP , (PP via (NP (NP Union Bank )NP (PP of (NP Switzerland )NP )PP )NP )PP )NP )PP )NP . )NP  STOP
(NP (NP Put option )NP (PP on (NP March 31 , 1992 , )NP )PP (PP at (NP a fixed (QP 107 3\/4 )QP )NP )PP (SBAR (S (VP to (VP yield (NP 3.5 % )NP )VP )VP )S )SBAR . )NP  STOP
(ADJP *UNKC (PP from (NP March 31 , 1992 , )NP )PP (PP at (NP (NP (QP 107 3\/4 )QP )NP , (VP declining (NP two points )NP (ADVP *UNKLY )ADVP (PP to (NP par )NP )PP )VP )NP )PP . )ADJP  STOP
(S (NP Each 50,000 Swiss franc note )NP (VP is (ADJP convertible )ADJP (PP (PP from (NP *UNKC , 27 , 1989 )NP )PP , (PP to (NP March 21 , 1994 , )NP )PP )PP (PP at (NP (NP a premium )NP (PP over (NP (NP the closing share price )NP (NP (NP Oct. 25 )NP , (SBAR (WHADVP when )WHADVP (S (NP terms )NP (VP are (VP scheduled (S (VP to (VP be (VP fixed )VP )VP )VP )S )VP )VP )S )SBAR )NP )NP )PP )NP )PP )VP . )S  STOP
(S (ADVP Also )ADVP , (NP the company )NP (VP issued (NP (NP (QP 300 million )QP marks )NP (PP of (NP (NP convertible bonds )NP (PP with (NP (NP an indicated (ADJP (QP 2 3\/4 )QP % )ADJP coupon )NP )NP )PP (ADJP due (NP March 31 , 1995 , )NP (PP at (NP par )NP )PP )ADJP )NP )PP )NP , (PP via (NP *UNKC *UNKC *UNKC Bank )NP )PP )VP . )S  STOP
(NP (NP Put )NP (PP on (NP March 31 , 1992 , )NP )PP (PP at (NP (NP an indicated 105 )NP (SBAR (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )SBAR )NP )PP . )NP  STOP
(NP (NP (NP Call option )NP (VP beginning (NP March 31 , 1992 )NP , (SBAR if (S (NP (NP the price )NP (PP of (NP the stock )NP )PP )NP (VP rises (NP (QP more than 50 )QP % )NP (PP within (NP 30 trading days )NP )PP )VP )S )SBAR )VP )NP (CONJP as well as )CONJP (NP (NP a call option )NP (PP for (NP tax reasons )NP )PP )NP . )NP  STOP
(S (NP Each (ADJP (ADJP 1,000 mark )ADJP and (ADJP 10,000 mark )ADJP )ADJP bond )NP (VP is (ADJP convertible (PP (PP from (NP Nov. 27 , 1989 , )NP )PP (PP to (NP March 21 , 1995 , )NP )PP )PP (PP at (NP (NP a price )NP (SBAR (S (VP to (VP be (VP determined (SBAR (WHADVP when )WHADVP (S (NP terms )NP (VP are (VP fixed (NP Oct. 25 )NP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )NP )PP )ADJP )VP . )S  STOP
(NP (NP *UNKC Airlines System )NP (PRN -LRB- (NP Sweden )NP -RRB- )PRN -- (NP (NP (QP 100 million )QP Swiss francs )NP (PP of (NP (NP (ADJP (QP 6 1\/8 )QP % )ADJP bonds )NP (ADJP due (NP Nov. 24 , 1999 , )NP )ADJP (VP priced (PP at (NP 100 3\/4 )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP , (PP via (NP (NP Union Bank )NP (PP of (NP Switzerland )NP )PP )NP )PP )NP )PP )NP . )NP  STOP
(NP (NP Call )NP (PP from (NP Nov. 24 , 1994 , )NP )PP (PP at (NP (NP (QP 101 1\/2 )QP )NP , (VP declining (NP (NP 1\/4 point )NP (NP a year )NP )NP )VP )NP )PP . )NP  STOP
(NP (NP Federal Home Loan Mortgage Corp. )NP -- (NP (NP (QP $ 400 million )QP )NP (PP of (NP (NP 10-year debentures )NP (PP with (NP (NP a coupon rate )NP (PP of (NP *UNKN % )NP )PP )NP )PP , (VP priced (PP at (NP par )NP )PP )VP )NP )PP )NP . )NP  STOP
(S (NP (NP The debentures )NP , (ADJP *UNK (PP at (NP par )NP )PP (PP in (NP five years )NP )PP )ADJP , )NP (VP were (VP priced (PP at (PP (NP (NP a yield spread )NP (PP of (NP (QP about 86 )QP basis points )NP )PP )NP above (NP the Treasury 10-year note )NP )PP )PP )VP )VP . )S  STOP
(S (NP The issue )NP (VP is (VP being (VP sold (PP through (NP (NP Freddie Mac 's )NP *UNK- securities selling group )NP )PP )VP )VP )VP . )S  STOP
(S (NP The debentures )NP (VP mature (NP Oct. 27 , 1999 )NP )VP . )S  STOP
(S (NP The debentures )NP (VP will (VP be (ADJP available )ADJP (PP in (NP *UNK- form )NP )PP (ADVP only )ADVP (PP in (NP (NP (NP a minimum amount )NP (PP of (NP $ 5,000 )NP )PP )NP and (NP (NP additional *UNK )NP (PP of (NP $ 5,000 )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP Interest )NP (VP will (VP be (VP paid (ADVP *UNKLY )ADVP )VP )VP )VP . )S  STOP
(S (ADVP First )ADVP (NP they )NP (VP get (S (NP us )NP (VP to (VP buy (NP computers )NP (SBAR so (S (NP we )NP (VP can (VP get (NP more information )NP )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (ADVP Then )ADVP (NP the computers )NP (VP give (NP us )NP (NP (NP more information )NP (SBAR than (S (NP we )NP (VP can (ADVP ever )ADVP (VP read )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP Now )ADVP (NP they )NP (VP plan (S (VP to (VP sell (NP us )NP (NP (NP products )NP (SBAR (WHNP that )WHNP (S (VP *UNK (PP through (NP all the information )NP )PP (S (VP to (VP give (NP us )NP (SBAR (WHNP what )WHNP (S (NP we )NP (ADVP really )ADVP (VP want (S (VP to (VP know )VP )VP )S )VP )S )SBAR )VP )VP )S )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (NP The products )NP (VP range (PP (PP from (NP *UNKED , personal *UNK )NP )PP (PP to (NP (NP systems )NP (SBAR (WHNP that )WHNP (S (VP (VP sit (PP inside (NP a personal computer )NP )PP )VP and (VP pick (NP (NP stories )NP (PP on (NP selected *UNK )NP )PP )NP (PP off (NP news *UNK )NP )PP )VP )VP )S )SBAR )NP )PP )PP )VP . )S  STOP
(SINV `` (S (NP *UNKED news )NP (VP is (SBAR (WHNP what )WHNP (S (NP people )NP (VP want )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP editor )NP (PP of (NP (NP *UNKC *UNKN )NP , (NP (NP an industry newsletter )NP (SBAR (WHNP that )WHNP (S (VP spots (NP new developments )NP )VP )S )SBAR )NP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP Most people )NP (VP read (NP (NP (QP 10 times )QP more )NP (PP than (ADJP necessary )ADJP )PP )NP (SBAR in order (S (VP to (VP find (PRT out )PRT (SBAR (WHNP what )WHNP (S (NP they )NP (ADVP really )ADVP (VP need )VP )S )SBAR )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP dropped (PP out (PP of (NP high school )NP )PP )PP (ADVP back (PP in (NP the 1970s )NP )PP )ADVP (S (VP to (VP manage (NP (NP a computer network )NP (PP at (NP a California research firm )NP )PP )NP )VP )VP )S )VP )S )SBAR , )NP (VP says : `` (S (NP Old network hands )NP (VP have (VP started (S (VP to (VP turn (PRT off )PRT (NP the network )NP )VP )VP )S (SBAR because (S (NP they )NP (VP do n't (VP have (NP (NP time )NP (SBAR (S (VP to (VP *UNK (PP through (NP the *UNK )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )VP )S )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP has (VP started (NP (NP a (NAC *UNKC Park , Calif. , )NAC company )NP (VP called (S (NP *UNKC Technology )NP )S )VP (SBAR (WHNP that )WHNP (S (VP provides (NP (NP human editors )NP (PP for (NP public electronic networks )NP )PP )NP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S `` (S (NP I )NP (VP see (NP it )NP (PP as (NP a *UNK treatment plant )NP )PP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP (NP A new product )NP , (NP *UNKC )NP , )NP (VP (VP carries (NP five business news *UNK )NP (ADVP simultaneously )ADVP (PP into (NP (NP a user 's )NP computer )NP )PP )VP and (VP *UNK and *UNK (SBAR (WHADVP whenever )WHADVP (S (NP (NP an article )NP )NP (VP appears (SBAR (WHNP that )WHNP (S (VP is (PP of (NP (NP interest )NP (PP to (NP the user )NP )PP )NP )PP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP The product )NP , (VP developed (PP by (NP (NP *UNKC Data Corp. )NP , (NP (NP a new company )NP (VP based (PP in (NP (NP *UNKC )NP , (NP Mass. )NP , )NP )PP )VP )NP )NP )PP )VP )NP (VP *UNK (NP the *UNK )NP (S (VP looking (PP for (NP (NP articles )NP (SBAR (WHNP that )WHNP (S (VP contain (NP (NP key words )NP (VP specified (PP by (NP the user )NP )PP )VP )NP )VP )S )SBAR )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP One early user )NP , (NP (NP David *UNKC )NP , (NP (NP a Chicago venture *UNK )NP and (NP (NP investor )NP (PP in (NP *UNKC Data )NP )PP )NP )NP , )NP )NP (VP says (SBAR (S (NP he )NP (VP uses (NP it )NP (S (VP to (VP track (NP takeover developments )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP says (SBAR (S (NP he )NP (VP told (NP *UNKC )NP (S (VP to (VP look (PP for (NP (NP stories )NP (VP containing (NP (NP such words )NP (PP as (NP takeover , acquisition , acquire , LBO , tender , merger , junk and halted )NP )PP )NP )VP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP I )NP (VP 'm (ADJP pretty confident (SBAR (S (NP I )NP (VP 'm (VP *UNKING (NP everything )NP )VP )VP )S )SBAR )ADJP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(UCP (S (NP *UNKC )NP (VP is (ADJP *UNK )ADJP )VP )S : (FRAG (FRAG (NP (NP $ *UNKN )NP (NP a year )NP )NP (PP for (NP a limited version )NP )PP )FRAG , (FRAG (NP (NP $ 40,000 )NP (NP a year )NP )NP (SBAR if (S (NP (NP the cost )NP (PP of (NP all the news wires )NP )PP )NP (VP is (VP included )VP )VP )S )SBAR )FRAG )FRAG . )UCP  STOP
(S And (NP it )NP (VP works (ADVP best )ADVP (PP in (NP *UNKED personal computers )NP )PP )VP . )S  STOP
(S But (NP (NP some investors and consultants )NP (SBAR (WHNP who )WHNP (S (VP have (VP tried (NP it )NP )VP )VP )S )SBAR )NP (VP are (ADJP enthusiastic )ADJP )VP . )S  STOP
(S (NP (NP Jeffrey *UNKC )NP , (NP (NP editor )NP (PP of (NP (NP *UNKC )NP , (NP a (NAC *UNKC , Mass. , )NAC industry newsletter )NP , )NP )PP )NP )NP (VP says : `` (S (NP I )NP (VP 've (VP seen (S (NP (NP a lot )NP (PP of (NP people )NP )PP )NP (VP *UNKING (PRT around )PRT (PP on (NP (NP the *UNK )NP (PP of (NP *UNKING information )NP )PP )NP )PP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP This )NP (VP is (NP (NP the first time )NP (SBAR (S (NP I )NP (VP 've (VP seen (NP (NP something )NP (SBAR (S (NP I )NP (VP could (VP imagine (S (NP (NP a lot )NP (PP of (NP people )NP )PP )NP (VP using )VP )S )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP . '' )S  STOP
(S (NP *UNKC )NP (VP uses (NP an *UNK radio band )NP (S (VP to (VP carry (NP (NP news wires )NP (VP provided (PP by (NP (NP (NP *UNKC )NP , (NP McGraw-Hill )NP and (NP Dow Jones & Co. )NP )NP , (CONJP as well as )CONJP (NP (NP *UNK *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP carries (NP corporate press releases )NP )VP )S )SBAR )NP )NP )PP )VP )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP An FM *UNK )NP (VP attached (PP to (NP (NP a user 's )NP personal computer )NP )PP )VP )NP (VP receives (NP the information )NP )VP . )S  STOP
(S (NP Some organizations )NP (VP have (VP *UNKED (NP (NP their own systems )NP (SBAR (S (VP to (VP sort (PP through (NP news wire items )NP )PP (SBAR as (S (NP they )NP (VP come (ADVP in )ADVP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP George *UNKC )NP , (NP (NP an account manager )NP (PP at (NP (NP Royal Bank )NP (PP of (NP Canada )NP )PP )NP )PP )NP , )NP (VP adapted (NP (NP a Lotus Development Corp. program )NP (VP called (S (NP *UNKC )NP )S )VP )NP (S (VP to (VP sort (PP through (NP international news wires )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP It )NP (ADVP automatically )ADVP (VP *UNK (NP (NP stories )NP (PP from (NP particular countries )NP )PP (PP for (NP (NP reading )NP (PP by (NP (NP the international bankers )NP (ADJP responsible (PP for (NP (NP lending )NP (PP in (NP those areas )NP )PP )NP )PP )ADJP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP For (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP do n't (VP need (NP their *UNKED information )NP (NP (NP moment )NP (PP by (NP moment )NP )PP )NP )VP )VP )S )SBAR )NP )PP , (NP some services )NP (VP are (VP offering (NP overnight *UNK )NP )VP )VP . )S  STOP
(S (NP (NP Individual Inc. )NP , (NP (NP a new company )NP (PP in (NP (NP *UNKC )NP , (NP Mass. )NP , )NP )PP )NP )NP (VP uses (NP (NP *UNKING technology )NP (VP developed (PP by (NP *UNKC University computer scientist *UNKC *UNKC )NP )PP )VP )NP , (S (VP to (ADVP automatically )ADVP (VP produce (NP (NP *UNKED *UNK )NP (SBAR (S (NP it )NP (VP *UNK (ADVP *UNKLY )ADVP (PP to (NP subscribers )NP )PP (PP by (NP (NP 8 a.m. )NP (NP the next day )NP )NP )PP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(SINV `` (S (NP We )NP (VP are (VP operating (NP (NP an information refinery )NP (SBAR (WHNP that )WHNP (S (VP (VP takes (NP (NP a broad stream )NP (PP of (NP raw data )NP )PP )NP )VP and (VP turns (NP it )NP (PP into (NP *UNK knowledge )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP founder and president )NP )NP . )SINV  STOP
(S (NP (NP The daily newsletter )NP , (SBAR (WHNP which )WHNP (S (VP is n't (ADJP widely available )ADJP (ADVP yet )ADVP )VP )S )SBAR , )NP (VP will (VP (VP have (NP (NP a base cost )NP (PP of (NP (NP $ 2,000 )NP (NP a year )NP )NP )PP )NP )VP and (VP provides (NP (NP full text )NP (PP of (NP relevant articles )NP )PP )NP (PP under (NP (NP license agreements )NP (PP with (NP (NP *UNKC )NP , (NP *UNKC Hill )NP , (NP United Press International )NP , (NP two press release news wires )NP and (NP (NP Japan 's )NP *UNKC news service )NP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP One early user )NP (VP is (NP (NP NEC Corp. 's )NP U.S. printer marketing arm )NP )VP . )S  STOP
(S `` (S (NP They )NP (VP want (NP (NP the full press releases )NP (PP on (NP (NP printer announcements )NP (PP by (NP their competition )NP )PP )NP )PP )NP )VP )S , '' (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP tracks (NP (NP (UCP personnel and financial )UCP announcements )NP (PP by (NP (NP NEC 's )NP distributors and customers )NP )PP )NP )VP . )S  STOP
(S (NP (NP Individual Inc. 's )NP technology )NP (VP goes (PP beyond (NP word *UNK )NP )PP (PP by (S (VP using (NP a computerized *UNK )NP )VP )S )PP )VP . )S  STOP
(S (S (SBAR If (S (NP a customer )NP (VP asks (PP for (NP (NP stories )NP (PP about `` (NP IBM )NP )PP )NP )PP )VP )S )SBAR , '' (NP the computer )NP (VP will (ADVP also )ADVP (VP supply (NP (NP stories )NP (SBAR (WHNP that )WHNP (S (VP mention `` (NP (NP *UNKC )NP , (NP International Business Machines )NP , or (NP Big Blue )NP )NP )VP )S )SBAR )NP )VP )VP )S , '' (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP (NP Individual Inc. 's )NP computers )NP (VP can (VP weigh (NP (NP the value )NP (PP of (NP an article )NP )PP )NP )VP )VP (VP based (PP on (SBAR (WHADVP how closely )WHADVP (S (NP the story )NP (VP *UNK (NP (NP the *UNK 's )NP interest area )NP )VP )S )SBAR )PP )VP . )S  STOP
(S (S (NP It )NP (VP compares (NP (NP the position )NP (PP of (NP key words )NP )PP (PP in (NP the story )NP )PP )NP )VP )S ; (S (NP (NP words )NP (PP in (NP the (NX (NX headline )NX or (NX first *UNK )NX )NX )NP )PP )NP (VP get (NP a higher value )NP )VP )S . )S  STOP
(S And (NP it )NP (VP *UNK (SBAR (WHADVP how often )WHADVP (S (NP the words )NP (VP appear (PP in (NP the story )NP )PP )VP )S )SBAR (PP compared (PP with (SBAR (WHADVP how often )WHADVP (S (NP they )NP (VP appear (PP in (NP the entire data base )NP )PP )VP )S )SBAR )PP )PP )VP . )S  STOP
(X (X (X The higher )X (NP (NP the ratio )NP (PP of (NP hits )NP )PP (PP to (NP total words )NP )PP )NP )X , (X (X the higher )X (NP (NP the *UNKED value )NP (PP to (NP the reader )NP )PP )NP )X . )X  STOP
(S (NP (NP *UNKC Information Corp. )NP , (NP (NP *UNKLY )NP , (NP Va. )NP )NP , (NP (NP a producer )NP (PP of (NP (NP (ADJP $ *UNK- )ADJP *UNKED *UNK )NP (PP about (NP the computer industry )NP )PP )NP )PP (SBAR (WHNP that )WHNP (S (VP started (NP full operation )NP (NP last month )NP )VP )S )SBAR )NP , )NP (VP relies (PP on (NP 12 human readers )NP )PP (S (VP to (VP code (NP news releases )NP (PP by (NP topic )NP )PP )VP )VP )S (SBAR in order (S (VP to (VP select (NP (NP items )NP (PP for (NP each *UNK )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP The computers )NP (VP find (NP (NP all the key words )NP (SBAR (S (NP they )NP (VP can )VP )S )SBAR )NP )VP )S , but (S (NP the editors )NP (VP confirm (NP every one )NP )VP )S . )S  STOP
(SINV (S (NP Computer picking )NP (VP is n't (ADJP perfect )ADJP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP president and founder )NP (PP of (NP *UNKC )NP )PP )NP )NP . )SINV  STOP
(S (NP The humans )NP (ADVP also )ADVP (VP write (NP (NP *UNK )NP (PP of (NP (NP articles )NP (PP from (NP some 200 computer industry publications )NP )PP )NP )PP )NP )VP . )S  STOP
(S (S (SBAR Once (S (NP all the articles )NP (VP are (VP (VP *UNKED )VP and (VP put (PP in (NP a data base )NP )PP )VP )VP )VP )S )SBAR , (NP (NP *UNKC 's )NP computers )NP (VP (VP pick (NP (NP the (ADJP most relevant )ADJP )NP (PP for (NP each *UNK )NP )PP )NP )VP and (VP lay (NP them )NP (PRT out )PRT (PP in (NP a *UNK- newsletter *UNK )NP )PP )VP )VP )S ; (S (NP each newsletter )NP (VP is (VP sent (ADVP directly )ADVP (PP from (NP the computer )NP )PP (PP to (NP (NP the *UNK 's )NP *UNK machine )NP )PP )VP )VP )S . )S  STOP
(S (NP Mr. *UNKC )NP (VP says (SBAR (S (NP (NP each )NP (PP of (NP his computers )NP )PP )NP (VP can (VP produce and send (NP (NP (QP about 75 )QP unique *UNK )NP (NP a night )NP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Many computer network users )NP (SBAR (WHNP who )WHNP (S (ADVP never )ADVP (VP see (NP news wires )NP )VP )S )SBAR )NP (VP would (VP like (S (VP to (VP sort (PP through (NP their electronic mail )NP )PP (ADVP automatically )ADVP )VP )VP )S )VP )VP . )S  STOP
(S (NP *UNKED *UNKC )NP (VP is (NP (NP the collection )NP (PP of (NP (NP *UNK- *UNK )NP , (NP *UNK )NP , (NP technical data )NP , (NP schedules )NP and (NP *UNK )NP )NP )PP (VP distributed (PP over (NP (ADJP local and national )ADJP computer networks )NP )PP )VP )NP )VP . )S  STOP
(SINV `` (S (NP All these *UNKED computers )NP (VP make (S (NP (NP it )NP )NP (ADJP difficult )ADJP (S (VP to (VP sort (PRT out )PRT (SBAR (SBAR (WHNP what )WHNP (S (VP 's (NP junk )NP )VP )S )SBAR and (SBAR (WHNP what )WHNP (S (VP 's (NP important )NP )VP )S )SBAR )SBAR )VP )VP )S )S )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a former Lotus Development executive )NP (SBAR (WHNP who )WHNP (S (VP has (VP started (NP (NP a new company )NP (SBAR (S (VP to (VP cope (PP with (NP the problem )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )NP . )SINV  STOP
(S (NP Mr. *UNKC )NP (VP says (SBAR (S (NP (NP his firm )NP , (NP Beyond Inc. )NP , )NP (VP has (VP (VP licensed (NP (NP technology )NP (VP known (PP as (NP Information *UNKC )NP )PP )VP )NP (PP from (NP (NP Massachusetts Institute )NP (PP of (NP Technology )NP )PP )NP )PP )VP and (VP plans (S (VP to (VP develop (NP it )NP (PP for (NP commercial use )NP )PP )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNKC project )NP (VP *UNKED (NP (NP ways )NP (SBAR for (S (NP *UNKC )NP (VP to (VP be (ADVP automatically )ADVP (VP *UNKED (PP as (NP top priority )NP )PP (SBAR if (S (NP it )NP (VP (VP comes (PP from (NP certain designated *UNK )NP )PP )VP or (VP requires (NP action )NP (PP in (NP (NP the next couple )NP (PP of (NP days )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP says (SBAR that (S (NP Beyond )NP (VP will (VP *UNK (NP the product )NP `` (SBAR so (S (NP the message )NP (VP will (VP be (ADJP smart enough (SBAR (S (VP to (VP know (S (VP to (VP (VP come (ADVP back )ADVP )VP and (VP bother (NP you )NP (ADVP again )ADVP (NP next week )NP )VP )VP )VP )S )VP )VP )S )SBAR )ADJP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . '' )S  STOP
(S And (SBAR if (S (NP a user )NP (VP is (ADJP busy )ADJP )VP )S )SBAR , `` (NP he )NP (VP can (VP set (NP it )NP (PP for (NP (NP crisis *UNK )NP : ` (S (VP Do n't (VP bother (NP me )NP (PP with (NP reports )NP )PP (PP until (NP Monday )NP )PP )VP )VP )S )NP )PP )VP )VP . ' '' )S  STOP
(S (NP (NP A program )NP (VP called (S (NP Notes )NP )S )VP , (SBAR (WHNP which )WHNP (S (VP is (PP under (NP (NP development )NP (PP by (NP Lotus )NP )PP )NP )PP )VP )S )SBAR , )NP (ADVP also )ADVP (VP is (VP designed (S (VP to (VP sort (NP (NP *UNKC )NP (VP sent (PP within (NP work groups )NP )PP )VP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP One thing )NP (SBAR (WHNP that )WHNP (S (VP makes (S (NP *UNKC )NP (ADJP difficult (SBAR (S (VP to (VP *UNK (PP through )PP )VP )VP )S )SBAR )ADJP )S )VP )S )SBAR )NP (VP is (SBAR that (S (NP each item )NP (VP looks (NP the same )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Notes )NP , (SBAR (WHNP which )WHNP (S (VP is (VP designed (PP for (NP (NP advanced computers )NP (SBAR (WHNP that )WHNP (S (VP display (NP graphics )NP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR , )NP (VP allows (S (NP mail *UNK )NP (VP to (VP put (NP different *UNK )NP (PP on (NP their mail )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP A daily news *UNKING )NP (PP from (NP the company *UNK )NP )PP )NP , (PP for (NP example )NP )PP , (VP would (VP have (NP (NP a *UNK *UNK )NP (PP on (NP the screen )NP )PP )NP , (SBAR just as (S (NP a paper version )NP (VP would (VP have )VP )VP )S )SBAR )VP )VP . )S  STOP
(SINV `` (S (PP With (NP *UNKC )NP )PP , (NP you )NP (VP do n't (VP have (NP (NP the *UNK *UNK )NP (PP of (NP paper )NP )PP )NP )VP )VP )S , '' (VP says )VP (NP (NP Mr. *UNKC )NP , (NP (NP the editor )NP (PP of (NP *UNKC )NP )PP )NP )NP . )SINV  STOP
(S `` (PP With (NP Notes )NP )PP , (NP they )NP (VP 're (ADJP *UNKLY *UNK )ADJP )VP . )S  STOP
(S (NP Dean Witter Reynolds Inc. )NP (VP lost (NP (NP its second recent *UNK case )NP (VP involving (NP a former *UNKING executive )NP )VP )NP )VP . )S  STOP
(S (NP A New York Stock Exchange *UNK panel )NP (VP ordered (NP Dean Witter )NP (S (VP to (VP pay (NP (NP $ *UNKN )NP (PP in (NP back bonuses )NP )PP )NP (PP to (NP (NP William Kelly )NP , (NP (NP (NP the company 's )NP former head )NP (PP of (NP high-yield , high-risk junk-bond trading and sales )NP )PP )NP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP (VP awarded (NP (NP $ *UNKN )NP (PP in (NP back bonuses )NP )PP )NP (PP to (NP former trader Michael *UNKC )NP )PP )VP and (VP (NP (NP $ *UNKN )NP (PP in (NP fees )NP )PP )NP (PP to (NP (NP the two men 's )NP attorneys )NP )PP )VP )VP . )S  STOP
(S (NP (NP The *UNK )NP (VP awarded (PP to (NP Messrs. Kelly and *UNKC )NP )PP )VP )NP (VP represent (NP (NP bonuses )NP (SBAR (SBAR (S (NP the two men )NP (VP said (SBAR (S (NP they )NP (VP *UNKED (PP from (NP (NP the first half )NP (PP of (NP 1988 )NP )PP )NP )PP )VP )S )SBAR )VP )S )SBAR , but (SBAR (WHNP which )WHNP (S (VP were n't (VP paid (PP because of (NP (NP a dispute )NP (PP over (NP an incentive contract )NP )PP )NP )PP )VP )VP )S )SBAR )SBAR )NP )VP . )S  STOP
(S (NP (NP Jeffrey L. *UNKC )NP , (NP (NP (NP the two men 's )NP attorney )NP (PP at (NP *UNKC , *UNKC , *UNKC & Robinson )NP )PP )NP , )NP (VP said (SBAR (S (NP Mr. Kelly )NP (VP began (S (VP working (PP at (NP Dean Witter )NP )PP (PP in (NP 1987 )NP )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Kelly )NP (VP built (NP (NP (NP the company 's )NP high-yield bond group )NP , (SBAR (WHNP which )WHNP (S (VP has (VP been (NP (NP a minor player )NP (PP in (NP the junk-bond arena )NP )PP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP Dean Witter )NP (VP lost (NP (NP a separate case )NP (VP involving (NP a former bond executive )NP )VP )NP (NP earlier this year )NP )VP )S ; (S (PP in (NP August )NP )PP (NP it )NP (VP paid (NP (NP $ *UNKN )NP (PP in (NP (NP back pay )NP and (NP a bonus )NP )NP )PP )NP (PP to (NP (NP a former *UNK- trading chief )NP , (NP Harold *UNKC )NP )NP )PP )VP )S . )S  STOP
(S (NP That award )NP (VP ended (NP (NP a dispute )NP (PP between (NP (NP Dean Witter )NP and (NP Mr. *UNKC )NP )NP )PP (PP over (SBAR (WHNP who )WHNP (S (VP was (ADJP responsible (PP for (NP (NP certain *UNKING losses )NP (PP around (NP (NP the time )NP (PP of (NP the 1987 stock-market crash )NP )PP )NP )PP )NP )PP )ADJP )VP )S )SBAR )PP )NP )VP . )S  STOP
(S (NP (NP A spokesman )NP (PP for (NP (NP Dean Witter )NP , (NP (NP a unit )NP (PP of (NP Sears , Roebuck & Co. )NP )PP )NP , )NP )PP )NP (VP declined (S (VP to (VP comment )VP )VP )S )VP . )S  STOP
(S (NP *UNKC *UNKC *UNKC Inc. )NP (VP said (SBAR (S (NP it )NP (VP offered (NP (NP $ 50 million )NP (PP of (NP (NP (ADJP (QP 9 1\/2 )QP % )ADJP debentures )NP (ADJP due (NP 2001 )NP )ADJP (PP at (NP par )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The (NAC Little Rock , *UNKC , )NAC department-store retailer )NP (VP said (SBAR (S (NP proceeds )NP (VP will (VP be (VP used (S (VP to (VP reduce (NP short-term debt )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Goldman , Sachs & Co. )NP (VP was (NP the underwriter )NP )VP . )S  STOP
(S (NP American Brands Inc. )NP (VP said (SBAR (S (NP third-quarter net income )NP (VP rose (NP 13 % )NP , (S (VP reflecting (NP (NP strong gains )NP (PP in (NP its tobacco and *UNKED spirits businesses )NP )PP )NP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The company )NP , (SBAR (WHNP which )WHNP (S (ADVP also )ADVP (VP has (NP (NP businesses )NP (PP in (NP (NP life insurance )NP , (NP office products and hardware )NP , and (NP *UNK- products )NP )NP )PP )NP )VP )S )SBAR , )NP (VP said (SBAR (S (NP net income )NP (VP rose (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP , (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (ADVP (NP a year )NP earlier )ADVP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC results )NP (PP for (NP (NP the quarter )NP and (NP the nine months )NP )NP )PP )NP (VP were (VP restated (S (VP to (VP reflect (NP (NP a change )NP (PP in (NP accounting standards )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Revenue )NP (VP declined (NP 2 % )NP , (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP , (PP because of (NP (NP (NP the sale )NP (PP of (NP *UNKC Life )NP )PP (PP in (NP March )NP )PP )NP , and (NP (NP the impact )NP (PP of (NP the stronger U.S. dollar )NP )PP (PP on (NP overseas results )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP (NP Operating profit )NP (PP for (NP world-wide tobacco products )NP )PP )NP (VP rose (NP 10 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (PP For (NP *UNKED spirits )NP )PP , (NP operating profit )NP (VP rose (NP 36 % )NP , (PP to (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (PP In (NP the first nine months )NP )PP , (NP net )NP (VP rose (NP 1.5 % )NP , (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (ADVP (NP a year )NP earlier )ADVP )PP )VP . )S  STOP
(S (NP The year-earlier period )NP (VP included (NP (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 41 cents )NP (NP a share )NP )NP , )NP (PP from (NP discontinued operations )NP )PP )NP )VP . )S  STOP
(S (NP Revenue )NP (VP rose (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP (NP The average number )NP (PP of (NP (NP shares )NP (ADJP outstanding )ADJP )NP )PP )NP (VP (VP rose (NP 2 % )NP (PP in (NP the third quarter )NP )PP )VP but (VP was (ADVP down (NP 4 % )NP )ADVP (PP for (NP the nine months )NP )PP )VP )VP . )S  STOP
(S (PP In (NP (NP composite trading )NP (PP on (NP the New York Stock Exchange )NP )PP )NP )PP , (NP American Brands shares )NP (VP rose (NP $ 1.75 )NP (PP to (NP $ 73 )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC *UNK *UNKC *UNKC *UNKC Limited Partnership )NP , (PP of (NP Los Angeles )NP )PP , )NP (VP increased (NP its quarterly cash dividend )NP (PP to (NP (NP 60 cents )NP (NP a unit )NP )NP )PP (PP from (NP 55 cents )NP )PP , (S (ADJP payable (NP Nov. 14 )NP (PP to (NP (NP units )NP (PP of (NP record )NP )PP (NP Oct. 31 )NP )NP )PP )ADJP )S )VP . )S  STOP
(S (NP The company )NP (VP is (NP (NP an independent *UNK- pipeline )NP (VP serving (NP six Western states )NP )VP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP *UNKC (ADVP *UNKC )ADVP (PP after (NP (NP the stock market 's )NP *UNK- ride )NP )PP )VP . )S  STOP
(S (NP Lawmakers )NP , (S (VP *UNKED (PP by (NP charges (SBAR that (S (NP (NP some )NP (PP of (NP their comments )NP )PP )NP (VP contributed (PP to (NP the 1987 crash )NP )PP )VP )S )SBAR )NP )PP )VP )S , (ADVP generally )ADVP (VP *UNK (ADVP away (PP from (NP (NP calls )NP (PP for (NP sweeping new legislation )NP )PP )NP )PP )ADVP )VP . )S  STOP
(S But (S (NP a House Energy and Commerce subcommittee )NP (VP will (VP *UNK (NP SEC Chairman Breeden Wednesday )NP )VP )VP )S , and (S (NP Treasury Secretary Brady )NP (VP will (VP go (PP before (NP the Senate Banking panel )NP )PP (NP Thursday )NP )VP )VP )S . )S  STOP
(S (NP (NP The market 's )NP wild week )NP (VP may (VP speed (PRT along )PRT (NP (NP the *UNK- legislation )NP (SBAR (WHNP that )WHNP (S (VP has (VP been (ADJP pending )ADJP (PP for (NP months )NP )PP (PP in (NP (NP the aftermath )NP (PP of (NP the 1987 crash )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP It )NP (VP may (ADVP also )ADVP (VP (VP *UNK (NP (NP (NP the SEC 's )NP modest pending changes )NP (PP in (NP junk-bond disclosure rules )NP )PP )NP )VP and (VP *UNK (NP (NP (NP the Treasury 's )NP look )NP (PP at (NP (NP plans )NP (PP for (S (VP (VP giving (NP (NP new tax breaks )NP (PP on (NP dividends )NP )PP )NP )VP and (VP raising (NP (NP taxes )NP (PP on (NP (NP short-term trades )NP (PP by (NP pension funds )NP )PP )NP )PP )NP )VP )VP )S )PP )NP )PP )NP )VP )VP )VP . )S  STOP
(S (NP Brady and Breeden )NP (VP work (ADVP well )ADVP (ADVP together )ADVP (PP on (NP the plunge )NP )PP , (PP despite (NP the fact (SBAR that (S (NP the Treasury secretary )NP (VP opposed (NP (NP (NP Breeden 's )NP *UNK )NP (PP to (NP the SEC post )NP )PP )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP *UNKC (PP in (NP the Mideast )NP )PP (PP amid (NP (NP Israeli *UNK )NP and (NP Palestinian politics )NP )NP )PP )VP . )S  STOP
(S (PP Despite (S (VP seeing (S (NP (NP his plan )NP (PP for (NP *UNKC elections )NP )PP )NP (VP *UNK )VP )S )VP )S )PP , (NP (NP the cautious secretary )NP (PP of (NP state )NP )PP )NP (VP is (ADVP so far )ADVP (ADJP unwilling (S (VP to (VP cut (NP U.S. (ADJP economic or military )ADJP aid )NP (S (VP to (VP force (NP Israeli cooperation )NP )VP )VP )S )VP )VP )S )ADJP )VP . )S  STOP
(S (NP Baker )NP (ADVP nonetheless )ADVP (VP remains (ADJP *UNK (PP both (PP at (NP *UNKC )NP )PP (PRN , (PP for (S (VP backing (PRT down )PRT (PP on (NP the elections )NP )PP )VP )S )PP , )PRN and (PP at (NP (NP (NP *UNKC 's )NP rival )NP , (NP *UNKC )NP , )NP )PP (PRN (PP for (NP (NP political *UNK )NP (PP in (S (VP forcing (NP (NP a *UNK cabinet vote )NP (PP on (NP (NP Baker 's )NP plan )NP )PP )NP )VP )S )PP )NP )PP )PRN )PP )ADJP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP some U.S. officials )NP (VP fear (SBAR (S (NP PLO chief Arafat )NP (VP (VP is (VP getting (NP cold feet )NP )VP )VP and (VP may (VP back (PRT off )PRT (PP from (NP his recent (NX (NX *UNK )NX and (NX (NX *UNK )NX (PP of (NP terrorism )NP )PP )NX )NX )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP He )NP (VP is (PP under (NP (NP intense fire )NP (PP from (NP other Palestinian groups )NP )PP )NP )PP )VP )S ; (S (NP *UNKC )NP (VP is (VP pushing (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP whose *UNK band )WHNP (S (VP is (VP blamed (PP for (NP the Pan Am 103 *UNKING )NP )PP )VP )VP )S )SBAR , )NP (PP as (NP (NP an alternative )NP (PP to (NP Arafat )NP )PP )NP )PP )VP )VP )S . )S  STOP
(S (NP (NP *UNKC *UNKC )NP (PP on (NP (NP the budget )NP and (NP capital gains )NP )NP )PP )NP (VP hurt (NP him )NP (PP in (NP Congress )NP )PP )VP . )S  STOP
(S (NP Republicans (CONJP as well as )CONJP Democrats )NP (VP were (VP angered (PP by (NP (NP (NP the budget director 's )NP rejection )NP (PP of (NP (NP Speaker Foley 's )NP effort (S (VP to (VP *UNK (NP a *UNKING measure )NP (PP by (S (VP *UNKING (NP it )NP (PP of (NP (NP the capital-gains tax cut )NP (CONJP as well as )CONJP (NP *UNK Democratic projects )NP )NP )PP )VP )S )PP )VP )VP )S )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP Darman )NP (ADVP now )ADVP (VP blames (NP the clash )NP (PP on (NP *UNK )NP )PP )VP )S , but (S (NP (NP House GOP leader *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP carried (NP the offer )NP (PP to (NP him )NP )PP )VP )S )SBAR , )NP (VP *UNK , `` (S (NP I )NP (VP was (VP (VP speaking (NP English )NP (PP at (NP the time )NP )PP )VP , and (VP (ADVP quite *UNK )ADVP (SBAR so (S (NP I )NP (VP could (VP be (VP understood )VP )VP )VP )S )SBAR )VP )VP )VP )S )VP )S . '' )S  STOP
(S (NP Senate GOP leader Dole )NP (VP *UNK (NP the budget chief )NP (PP on (NP the Senate floor )NP )PP )VP . )S  STOP
(S (NP Democratic counterpart Mitchell )NP , (S (VP asked (S (VP to (VP interpret (NP (NP Darman 's )NP threat (S (VP to (VP make (S (ADJP permanent )ADJP (NP (NP the *UNK- Gramm-Rudman cuts )NP (SBAR (WHNP that )WHNP (S (VP took (NP effect )NP (NP this week )NP )VP )S )SBAR )NP )S )VP )VP )S )NP )VP )VP )S )VP )S , (VP says , `` (S (NP I )NP (VP do n't (ADVP even )ADVP (VP bother (S (VP to (VP interpret (NP them )NP )VP )VP )S )VP )VP )S )VP . '' )S  STOP
(S But (NP Darman )NP (VP suggests (SBAR (S (NP such *UNK )NP (VP will (VP *UNK (ADVP quickly )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (SBAR If (S (NP I )NP (VP can (VP show (NP (NP signs )NP (PP of (NP maturity )NP )PP )NP )VP )VP )S )SBAR , (NP almost anybody )NP (VP can )VP )S , '' (NP he )NP (VP jokes )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP expect (S (NP Secretary Sullivan )NP (VP to (VP continue (NP (NP a ban )NP (PP on (NP (NP research )NP (VP using (NP *UNK tissue )NP )VP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (SBAR Before (S (NP he )NP (VP was (VP confirmed )VP )VP )S )SBAR , (NP Sullivan )NP (VP said (SBAR (S (NP he )NP (VP had `` (NP (NP reservations )NP (PP about (NP (NP any *UNK *UNK )NP (PP on (NP medical research )NP )PP )NP )PP )NP . )VP )S )SBAR )VP '' )S  STOP
(S But (ADVP now )ADVP (PRN , (S (NP an official )NP (VP says )VP )S , )PRN (NP he )NP (VP is `` (VP *UNKED (PP by (NP (NP *UNK- )NP , '' (SBAR (WHNP who )WHNP (S (VP contend (SBAR that (S (NP (NP any *UNK )NP (PP in (NP *UNK- research )NP )PP )NP (VP could (VP increase (NP (NP the demand )NP (PP for (NP abortions )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP )NP (VP *UNKC (PP on (NP weapons development )NP )PP (PP between (NP (NP the U.S. )NP and (NP Europe )NP )NP )PP )VP . )S  STOP
(S (S (NP Britain , France and Italy )NP (VP pull (PP out (PP of (NP a proposal (S (VP to (VP build (NP new NATO *UNK )NP )VP )VP )S )NP )PP )PP )VP )S ; (S (NP (NP the U.S. )NP and (NP West Germany )NP )NP (VP have (NP each )NP (VP withdrawn (PP from (NP missile projects )NP )PP )VP )VP )S . )S  STOP
(S (S (NP Defense experts )NP (VP say (SBAR (S (NP joint projects )NP (VP are (ADVP increasingly )ADVP (VP squeezed (PP by (NP (NP budget pressures )NP and (NP the desire (S (VP to (VP save (NP domestic jobs )NP )VP )VP )S )NP )NP )PP )VP )VP )S )SBAR )VP )S ; (S (NP some )NP (ADVP also )ADVP (VP fear (NP rising *UNK )NP (SBAR as (S (NP European *UNK )NP (VP *UNK )VP )S )SBAR )VP )S . )S  STOP
(NP *UNKC *UNKC *UNKC : )NP  STOP
(S (NP Virginia GOP *UNK governor candidate *UNKC *UNKC )NP (VP tries (S (VP to (VP have (NP it )NP (NP both ways )NP (PP on (NP the abortion issue )NP )PP )VP )VP )S )VP . )S  STOP
(S (SBAR Though (S (NP she )NP (VP opposes (NP abortion )NP (PP in (NP almost all cases )NP )PP )VP )S )SBAR , (NP she )NP (VP *UNK (NP (NP a TV commercial )NP (VP using (NP pro-choice *UNK )NP )VP )NP )VP . )S  STOP
(S `` (S (NP A woman )NP (VP ought (S (VP to (VP have (NP a choice )NP (PP (PP in (NP (NP cases )NP (SBAR (WHADVP where )WHADVP (S (NP her life or health )NP (VP are (PP in (NP danger )NP )PP )VP )S )SBAR )NP )PP and (PP in (NP (NP cases )NP (PP of (NP rape or incest )NP )PP )NP )PP )PP )VP )VP )S )VP )S , '' (NP she )NP (VP *UNK )VP . )S  STOP
(NP *UNKC *UNKC : )NP  STOP
(S (NP (NP Interest )NP (PP in (NP the abortion issue )NP )PP )NP (VP is (ADJP (ADJP so great )ADJP (SBAR that (S (NP (NP the *UNKC )NP , (NP a daily , *UNKED political newsletter )NP , )NP (VP comes (PRT up )PRT (PP with (NP (NP a spinoff product )NP (VP called (S (NP the Abortion Report )NP )S )VP (VP dealing (ADVP solely )ADVP (PP with (NP its political implications )NP )PP )VP )NP )PP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP *UNKC )NP (VP *UNKC (S (NP Bush )NP (VP to (VP *UNK (NP (NP their majority )NP (PP on (NP a key court )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP Bush )NP (VP has (NP (NP three *UNK )NP (SBAR (S (VP to (VP fill )VP )VP )S )SBAR (PP on (NP (NP the *UNK D.C. Circuit Court )NP , (SBAR (WHNP which )WHNP (S (VP (VP handles (NP many important regulatory issues )NP )VP and (VP is (ADVP often )ADVP (VP considered (S (NP (NP a *UNK- )NP (PP for (NP future Supreme Court *UNK )NP )PP )NP )S )VP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP Conservatives )NP (ADVP now )ADVP (VP hold (ADVP only )ADVP (NP a *UNKN edge )NP )VP . )S  STOP
(S (S (NP One *UNK )NP (VP is (VP expected (S (VP to (VP go (PP to (NP (NP *UNKC Chairman *UNKC Thomas )NP , (NP a black conservative )NP )NP )PP )VP )VP )S )VP )VP )S ; (S (PP after (S (VP *UNKING (NP a fight )NP )VP )S )PP , (NP *UNK )NP (ADVP now )ADVP (ADVP probably )ADVP (VP wo n't (VP put (PRT up )PRT (NP (NP a major struggle )NP (PP against (NP him )NP )PP )NP )VP )VP )S . )S  STOP
(S (NP (NP Other conservatives )NP (VP thought (S (VP to (VP be (PP on (NP (NP the administration 's )NP short list )NP )PP )VP )VP )S )VP )NP (VP include (NP (NP (NP Washington lawyer Michael *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP was (VP passed (PRT over )PRT (PP for (NP (NP the No. 2 job )NP (PP at (NP the Justice Department )NP )PP )NP )PP )VP )VP )S )SBAR , )NP and (NP (NP Marshall *UNKC )NP , (NP (NP chairman )NP (PP of (NP (NP a U.S. agency )NP (PP on (NP administration )NP )PP )NP )PP )NP )NP )NP )VP . )S  STOP
(S (S (NP The Bush administration )NP (VP would (ADVP also )ADVP (VP like (S (VP to (VP *UNK (NP a woman )NP )VP )VP )S )VP )VP )S ; (S (NP one possibility )NP (VP is (NP former Justice Department official *UNKC *UNKING )NP )VP )S . )S  STOP
(NP *UNKC *UNKC : )NP  STOP
(S (S (PP In (NP (NP the wake )NP (PP of (NP the failed Panama coup )NP )PP )NP )PP , (NP a *UNK *UNK )NP (VP appears )VP )S : `` (S (NP *UNKC )NP (VP *UNKC (VP *UNKC (VP *UNKC (NP *UNKC )NP )VP )VP )VP )S . '' ... )S  STOP
(S (NP Rep. Garcia )NP , (PP on (NP (NP trial )NP (PP for (NP bribery and *UNK )NP )PP )NP )PP , (VP puts (NP (NP statements )NP )NP (PP in (NP the Congressional *UNKC )NP )PP (VP *UNKING (NP missed votes )NP (PP to `` (NP *UNKING conflicts )NP )PP )VP )VP . '' ... )S  STOP
(S (S (NP (NP A GOP Senate *UNKING letter )NP (PP from (NP (NP Sen. *UNKC )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP (VP is (VP made (S (VP to (VP appear (ADJP personally written )ADJP )VP )VP )S )VP )VP )S , and (S (NP its opening line )NP (VP is , `` (S (INTJ *UNKC )INTJ (VP excuse (NP my *UNKING )NP )VP )S )VP )S . '' )S  STOP
(S But (NP Burns )NP (VP *UNK (PP in (NP an interview )NP )PP : `` (S (NP That )NP (VP 's not (NP my *UNKING )NP )VP )S )VP . )S  STOP
(S (NP (NP *UNK *UNKC Inc. )NP , (NP New York )NP , )NP (VP declared (NP (NP an initial quarterly )NP (PP of (NP (NP 60 cents )NP (NP a share )NP )NP )PP (ADJP payable (NP Nov. 15 )NP (PP to (NP (NP shares )NP (PP of (NP record )NP )PP (NP Oct. 30 )NP )NP )PP )ADJP )NP )VP . )S  STOP
(S (NP The announcement )NP (VP boosted (NP (NP (NP the *UNKING company 's )NP shares )NP , (SBAR (WHNP which )WHNP (S (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP up (NP (NP $ 1.25 )NP (NP a share )NP )NP )ADVP , (PP in (NP (NP composite trading )NP (PP on (NP the American Stock Exchange )NP )PP )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP (NP The company )NP , (SBAR (WHNP which )WHNP (S (VP went (ADJP public )ADJP (PP in (NP May )NP )PP )VP )S )SBAR , )NP (VP intends (S (VP to (VP pay (NP dividends )NP (PP from (NP available cash flow )NP )PP )VP )VP )S )VP )S ; (S (NP the amount )NP (VP may (VP vary (PP (PP from (NP quarter )NP )PP (PP to (NP quarter )NP )PP )PP )VP )VP )S . )S  STOP
(S (PP Ever since (NP (NP the (ADJP *UNKLY *UNKED )ADJP (NP America 's )NP *UNKC race )NP (NP last year )NP )NP )PP , (NP the famous *UNKING match )NP (VP has (VP run (PP into (NP (NP more rough *UNKING )NP (PP out (PP of (NP the water )NP )PP )PP (PP than (PP in (NP it )NP )PP )PP )NP )PP )VP )VP . )S  STOP
(S (ADVP Now (SBAR that (S (NP (NP a key member )NP (PP of (NP the San Diego *UNKC Club team )NP )PP )NP (VP is (VP *UNKING (PRT off )PRT (S (VP to (VP form (NP his own team )NP )VP )VP )S )VP )VP )S )SBAR )ADVP , (NP even more competition )NP (VP lies (ADVP ahead )ADVP )VP . )S  STOP
(S (NP (NP Peter *UNKC )NP , (NP (NP the winning *UNK )NP (PP in (NP the past two (NP America 's )NP *UNKC challenges )NP )PP )NP , )NP (VP has (VP split (PP from (NP (NP the team )NP (VP led (PP by (NP (NP Dennis Conner )NP , (NP (NP *UNK )NP (PP of (NP the *UNK *UNKC & *UNKC )NP )PP )NP , )NP )PP )VP )NP )PP (S (VP to (VP form (NP (NP his own team )NP (PP for (NP (NP the next contest )NP (PP in (NP 1992 )NP )PP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S And , (PP in (NP (NP addition )NP (PP to (NP (NP a crack team )NP (PP of (NP *UNK )NP )PP )NP )PP )NP )PP , (NP Mr. *UNKC )NP (VP has (VP lined (PRT up )PRT (NP (NP some real *UNK )NP (SBAR (S (VP to (VP help (S (NP him )NP (VP finance (NP the syndicate )NP )VP )S )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKING International 's )NP advisory board )NP (VP includes (NP (NP (NP Ted Turner )NP , (NP (NP Turner Broadcasting chairman )NP and (NP a former Cup *UNK )NP )NP )NP ; (NP (NP Peter G. *UNKC )NP , (NP (NP head )NP (PP of (NP *UNKC Communications )NP )PP )NP )NP , and (NP (NP Joseph B. *UNKC )NP , (NP (NP (NP chairman )NP and (NP chief executive )NP )NP (PP of (NP *UNKC Inc )NP )PP )NP )NP )NP )VP . )S  STOP
(S (NP His *UNKING committee )NP (VP includes (NP (NP other *UNK businessmen )NP , (PP including (NP the California investor and old *UNK Roy E. Disney )NP )PP )NP )VP . )S  STOP
(S `` (S (NP We )NP (VP have (NP the structure , people and plan )NP )VP )S , '' (NP Mr. *UNKC )NP (VP said (PP in (NP a statement )NP )PP )VP . )S  STOP
(S (S (ADVP Now )ADVP , (NP (NP the first order )NP (PP of (NP business )NP )PP )NP (VP is (S (VP raising (NP (NP enough money )NP (SBAR (S (VP to (VP keep (S (NP his team )NP (ADJP *UNK )ADJP )S )VP )VP )S )SBAR )NP )VP )S )VP )S -- (S (S (NP a new *UNK )NP (VP will (VP cost (NP (QP about $ 3 million )QP )NP (ADVP alone )ADVP )VP )VP )S , and (S (NP *UNKING syndicate budgets )NP (VP can (ADVP easily )ADVP (VP run (PP to (NP (QP $ 25 million )QP )NP )PP (PP for (NP a Cup challenge )NP )PP )VP )VP )S )S . )S  STOP
(S (NP The split )NP (VP comes (PP in (NP (NP the midst )NP (PP of (NP (NP a court battle )NP (PP over (SBAR whether (S (NP the San Diego *UNKC Club )NP (VP should (VP be (VP allowed (S (VP to (VP keep (NP (NP the international *UNK )NP (PP for (S (VP *UNKING (NP a *UNK )NP (PP against (NP (NP the New Zealand *UNK ' )NP *UNK- *UNK )NP )PP )VP )S )PP )NP )VP )VP )S )VP )VP )VP )S )SBAR )PP )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP September )NP )PP , (NP (NP a New York )NP appellate court )NP (VP *UNKED (NP (NP a state judge 's )NP ruling (SBAR (WHNP that )WHNP (S (VP awarded (NP the Cup )NP (PP to (NP the New Zealand team )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP *UNKING (NP (NP an appeal )NP (PP by (NP (NP the New Zealand team )NP , (VP led (PP by (NP Michael *UNKC )NP )PP )VP , )NP )PP )NP )PP (NP (NP the *UNK )NP (PP for (NP the next Cup challenge )NP )PP )NP (VP are (VP scheduled (S (VP to (VP be (VP held (PP in (NP *UNK- )NP )PP (PP in (NP San Diego )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S But (PP because of (NP (NP the uncertainty )NP (PP of (NP (NP the outcome )NP (PP of (NP the suit )NP )PP )NP )PP )NP )PP , (NP (NP Mr. Conner 's )NP team )NP (VP has (VP done (NP (NP little )NP (SBAR (S (VP to (VP begin (S (VP *UNKING (PRT up )PRT (S (VP to (VP defend (NP its title )NP )VP )VP )S )VP )S )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(SINV `` (S (SBAR If (S (NP you )NP (VP do n't (VP know (SBAR (WHNP what )WHNP (S (NP (NP the rules )NP (PP of (NP the game )NP )PP )NP (VP are )VP )S )SBAR )VP )VP )S )SBAR , (NP (NP it )NP )NP (VP 's (ADJP hard )ADJP (S (VP to (VP start (NP your *UNKING or design )NP )VP )VP )S )VP )S , '' (VP said )VP (NP (NP *UNKC Smith )NP , (NP (NP an official )NP (PP with (NP *UNKC Dennis Conner )NP )PP )NP )NP . )SINV  STOP
(S (S (S (NP The Conner team )NP (VP wo n't (VP be (ADJP able (S (VP to (VP negotiate (PP with (NP corporate sponsors )NP )PP )VP )VP )S )ADJP (SBAR until (S (S (NP the suit )NP (VP is (VP resolved )VP )VP )S and (S (NP the race site )NP (VP is (VP determined )VP )VP )S )S )SBAR )VP )VP )S , (NP Mr. Smith )NP (VP said )VP )S , and (S (NP (NP the syndicate 's )NP budget )NP (VP could (ADVP easily )ADVP (VP reach (NP (QP $ 30 million )QP )NP )VP )VP )S . )S  STOP
(S But (NP (NP *UNK )NP (PP for (NP both (NP Mr. *UNKC )NP and (NP Mr. Conner )NP )NP )PP )NP (VP say (SBAR (S (NP (NP the formation )NP (PP of (NP the new syndicate )NP )PP )NP (VP has (S (VP to (VP do (PP with (NP (NP (NP Mr. *UNKC 's )NP desire (S (VP to (VP (VP *UNK (NP his own team )NP )VP and (VP begin (S (VP planning (ADVP now )ADVP )VP )S )VP )VP )VP )S )NP , (CONJP rather than )CONJP (NP (NP any falling out )NP (PP between (NP the two *UNK )NP )PP )NP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Mr. Smith )NP and (NP (NP a spokesman )NP (PP for (NP (NP the America 's )NP Cup *UNKING Committee )NP )PP )NP )NP (VP insist (SBAR that (S (NP (NP the added competition )NP (PP for (NP (NP the *UNK 's )NP spot )NP )PP )NP (VP will (ADVP only )ADVP (VP improve (NP the race )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Missouri farmer *UNKC *UNKC )NP (VP writing (PP in (NP (NP the fall issue )NP (PP of (NP (NP the *UNKC Foundation 's )NP Policy Review )NP )PP )NP )PP (PP about (NP (NP the proposed location )NP (PP of (NP (NP a *UNK- *UNK )NP (PP in (NP his county )NP )PP )NP )PP )NP )PP )VP : )S  STOP
(S (PP Of (NP course )NP )PP (NP I )NP (VP 'd (ADVP (ADVP rather )ADVP )ADVP (VP have (NP a computer software firm )NP (PP in (NP my *UNK )NP )PP (PP than (NP a *UNK waste *UNK )NP )PP )VP )VP . )S  STOP
(S But (NP I )NP (VP 'd (ADVP also )ADVP (ADVP (ADVP rather )ADVP )ADVP (VP live (NP (NP next door )NP (PP (PP to (NP an incinerator )NP )PP (PP than (PP to (NP (NP some )NP (PP of (NP (NP the *UNK farms )NP (SBAR (S (NP I )NP (VP 've (VP seen -LRB- and *UNK -RRB- (PP in (NP these parts )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )PP )PP )NP )VP )VP . )S  STOP
(S (S (NP An incinerator )NP (VP is (ADVP also )ADVP (ADVP probably )ADVP (ADJP (ADJP better )ADJP (PP than (S (VP having (NP (NP nobody )NP (NP next door )NP )NP )VP )S )PP )ADJP )VP )S -- (S (PP on (NP our farm )NP )PP (NP there )NP (VP are (NP four *UNKED houses )NP )VP )S . )S  STOP
(S (PP On (NP (NP my *UNK- drive )NP (PP to (NP farm headquarters )NP )PP )NP )PP (NP each morning )NP , (NP I )NP (VP drive (PP by (NP another four empty houses )NP )PP )VP . )S  STOP
(S (NP (NP A community )NP (PP of (NP (NP abandoned *UNK )NP , (NP failing businesses )NP , and (NP *UNKING roads and bridges )NP )NP )PP )NP (VP is (ADVP hardly )ADVP (NP a desirable one )NP )VP ... . )S  STOP
(S (NP (NP The loss )NP (PP of (NP 40 jobs )NP )PP (PP by (NP (NP a depressed county )NP (PP in (NP rural Missouri )NP )PP )NP )PP )NP (VP is (ADVP hardly )ADVP (PP of (NP national importance )NP )PP (PP except (PP for (NP (NP this )NP : (SBARQ (SBAR If (S (NP (NP the (ADJP most *UNKLY safe )ADJP way )NP (PP of (S (VP dealing (PP with (NP a national problem )NP )PP )VP )S )PP )NP (VP can not (VP be (VP built (PP in (NP *UNKC County )NP )PP )VP )VP )VP )S )SBAR , (WHNP what hope )WHNP (SQ (VP have )VP (NP we )NP (PP for (S (VP dealing (PP with (NP (NP the *UNK )NP (SBAR (S (NP our economy )NP (VP produces )VP )S )SBAR )NP )PP )VP )S )PP )SQ )SBARQ )NP )PP )PP )VP ? )S  STOP
(S (PP After (NP all )NP )PP , (NP (NP farmers )NP (ADVP here )ADVP )NP (VP work (PP with (NP `` *UNK '' chemicals )NP )PP (NP every day )NP , (S (NP (NP many )NP (PP of (NP them )NP )PP )NP (NP (NP the same chemicals )NP (SBAR (WHNP that )WHNP (S (VP would (VP have (VP been (VP destroyed (PP in (NP the incinerator )NP )PP )VP )VP )VP )VP )S )SBAR )NP )S )VP . )S  STOP
(S (S (NP We )NP (VP know (SBAR (S (NP they )NP (VP are (ADJP dangerous )ADJP )VP )S )SBAR )VP )S , but (S (SBAR if (S (VP handled (PP with (NP care )NP )PP )VP )S )SBAR , (NP their benefits )NP (ADVP far )ADVP (VP outweigh (NP (NP any risk )NP (PP to (NP the environment )NP )PP )NP )VP )S . )S  STOP
(S (S (SBAR Just because (S (NP (NAC Stamford , Conn. )NAC , High School )NP (VP did (NP nothing )NP (SBAR (WHADVP when )WHADVP (S (NP its valuable 1930s *UNK )NP (VP was (VP thrown (PP in (NP the *UNK )NP )PP )VP )VP )S )SBAR )VP )S )SBAR (VP does n't (VP mean (SBAR (S (NP the city )NP (ADVP no longer )ADVP (VP owns (NP (NP the work )NP (PP of (NP art )NP )PP )NP )VP )S )SBAR )VP )VP )S , (NP a federal judge )NP (VP ruled )VP . )S  STOP
(S (NP (NP The *UNK )NP , (VP (ADVP now )ADVP valued (PP at (NP (QP $ 1.3 million )QP )NP )PP (PP according (PP to (NP *UNK )NP )PP )PP )VP , )NP (VP was (VP *UNKED (PP in (NP a *UNK *UNK )NP )PP (PP in (NP 1971 )NP )PP (PP by (NP (NP workers )NP (SBAR (WHNP who )WHNP (S (VP were (VP *UNKING (NP the building )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP The *UNK- *UNK )NP , (VP painted (PP by (NP James *UNKC )NP )PP (PP in (NP *UNKN )NP )PP )VP , )NP (VP was (VP commissioned (PP by (NP the federal *UNKC Project Administration )NP )PP )VP )VP . )S  STOP
(S (SBAR After (S (NP the *UNKED *UNK )NP (VP was (VP found (PP outside (NP the school )NP )PP (PP by (NP a concerned Stamford *UNK )NP )PP )VP )VP )S )SBAR , (NP it )NP (ADVP eventually )ADVP (VP was (VP turned (PRT over )PRT (PP to (NP (NP *UNKC *UNKC )NP , (NP a professional art *UNK )NP )NP )PP )VP )VP . )S  STOP
(S (PP *UNKC (NP the 1970s )NP )PP , (NP Stamford school and city officials )NP (VP made (NP no effort (S (VP to (VP *UNK (NP the mural )NP )VP )VP )S )NP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP (NP the officials )NP (VP did n't (ADVP even )ADVP (VP know (SBAR (S (NP the mural )NP (VP was (VP missing )VP )VP )S )SBAR (PP until (NP (NP 1980 )NP , (SBAR (WHADVP when )WHADVP (S (NP a researcher )NP (VP (VP found (SBAR that (S (NP the painting )NP (VP was (PP in (NP (NP Mr. *UNKC 's )NP studio )NP )PP )VP )S )SBAR )VP and (VP questioned (NP school officials )NP (PP about (NP it )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (PP In (NP 1986 )NP )PP , (NP Stamford officials )NP (VP (VP *UNKED (NP Mr. *UNKC )NP (PP for (S (VP taking (NP care )NP (PP of (NP the mural )NP )PP )VP )S )PP )VP -- and (VP demanded (SBAR (S (NP he )NP (VP return (NP it )NP (ADVP (ADVP as soon )ADVP (PP as (ADJP possible )ADJP )PP )ADVP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP , (ADVP however )ADVP , (VP sued (NP Stamford )NP , (S (VP claiming (SBAR (SBAR that (S (NP the city )NP (VP had (VP abandoned (NP the *UNK )NP )VP )VP )S )SBAR and (SBAR that (S (NP it )NP (VP had (VP waited (ADVP too long )ADVP (S (VP to (VP *UNK (NP it )NP )VP )VP )S )VP )VP )S )SBAR )SBAR )VP )S )VP . )S  STOP
(S But (NP (NP Judge Louis L. *UNKC )NP (PP of (NP (NP federal court )NP (PP in (NP Manhattan )NP )PP )NP )PP )NP (VP ruled (SBAR that (S (NP the city )NP (VP could n't (VP be (VP *UNKED (PP for (S (VP waiting (ADVP too long )ADVP )VP )S )PP (SBAR because (S (NP it )NP (VP did n't (VP realize (PP until (NP 1986 )NP )PP (SBAR that (S (NP (NP its ownership )NP (PP of (NP the painting )NP )PP )NP (VP was (PP in (NP dispute )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The judge )NP (ADVP also )ADVP (VP ruled (SBAR that (S (NP the painting )NP (VP was n't (VP abandoned (SBAR because (S (NP officials )NP (VP (VP did n't (VP intend (SBAR for (S (NP it )NP (VP to (VP be (VP thrown (PRT away )PRT )VP )VP )VP )S )SBAR )VP )VP and (VP were (ADJP *UNK (SBAR that (S (NP the *UNK )NP (VP had (VP *UNKED (NP it )NP )VP )VP )S )SBAR )ADJP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP did n't (VP return (NP (NP phone calls )NP (VP seeking (NP (NP comment )NP (PP on (NP (NP the judge 's )NP decision )NP )PP )NP )VP )NP )VP )VP . )S  STOP
(S (NP The judge )NP (VP ordered (SBAR that (S (NP a hearing )NP (VP be (VP held (NP Nov. 17 )NP (S (VP to (VP determine (SBAR (WHNP how much )WHNP (S (NP the city )NP (VP should (VP pay (NP Mr. *UNKC )NP (PP for (NP his services )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Mary E. *UNKC )NP , (NP (NP corporate counsel )NP (PP for (NP Stamford )NP )PP )NP , )NP (VP said (SBAR (S (NP the city )NP (VP has (VP discussed (NP (NP several possible plans )NP (PP for (S (VP *UNKING (NP (NP the mural )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP (NP various scenes )NP (PP from (NP the Great *UNKC )NP )PP )NP )VP )S )SBAR )NP )VP )S )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP She )NP (VP said (SBAR (S (NP the mural )NP `` (VP *UNK (NP (NP an era )NP (PP (PP in (NP Stamford )NP )PP and (PP in (NP our country )NP )PP )PP (SBAR (WHADVP when )WHADVP (S (NP (NP this type )NP (PP of (NP work )NP )PP )NP (VP was (VP being (VP done )VP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The prices )NP (PP of (NP corn futures contracts )NP )PP )NP (VP jumped (PP amid (NP rumors (SBAR that (S (NP the Soviet Union )NP (VP is (VP keeping (PRT up )PRT (NP (NP its *UNKING October buying *UNK )NP (PP of (NP U.S. corn )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Those rumors )NP (VP were (VP confirmed (PP after (NP (NP the end )NP (PP of (NP trading )NP )PP )NP )PP (NP yesterday )NP (SBAR (WHADVP when )WHADVP (S (NP the U.S. Agriculture Department )NP (VP announced (SBAR that (S (NP the Soviets )NP (VP had (VP bought (NP (NP (QP 1.2 million )QP metric tons )NP (PP of (NP U.S. corn )NP )PP )NP , (S (VP bringing (NP (NP their U.S. corn purchases )NP (VP confirmed (ADVP so far )ADVP (NP this month )NP )VP )NP (PP to (NP (QP about five million )QP metric tons )NP )PP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP (NP trading )NP (PP at (NP (NP the Chicago Board )NP (PP of (NP Trade )NP )PP )NP )PP )NP )PP , (NP (NP the corn contract )NP (PP for (NP December delivery )NP )PP )NP (VP jumped (NP (NP *UNKN cents )NP (NP a bushel )NP )NP (S (VP to (VP settle (PP at (NP (NP $ *UNKN )NP (NP a bushel )NP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The Soviet purchases )NP (VP are (ADJP close (PP to (S (VP exceeding (SBAR (WHNP what )WHNP (S (NP some analysts )NP (VP had (VP expected (S (NP the Soviet Union )NP (VP to (VP buy (NP (NP this fall )NP , (NP (NP the season )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP it )NP (ADVP usually )ADVP (VP buys (NP (NP much )NP (PP of (NP (NP the corn )NP (SBAR (S (NP it )NP (VP imports (PP from (NP the U.S. )NP )PP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )NP )NP )VP )VP )S )VP )VP )S )SBAR )VP )S )PP )ADJP )VP . )S  STOP
(S (NP That pace )NP (VP is (VP causing (S (NP some analysts )NP (VP to (VP speculate (SBAR that (S (NP the Soviet Union )NP (VP might (ADVP soon )ADVP (VP purchase (NP (NP as much )NP (PP as (NP another (QP two million )QP metric tons )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (NP One sign (SBAR that (S (NP more Soviet purchases )NP (VP are (ADJP possible )ADJP )VP )S )SBAR )NP (VP is (SBAR that (S (NP U.S. grain companies )NP (NP yesterday )NP (VP bought (NP (NP an (ADJP unusually large )ADJP amount )NP (PP of (NP corn futures contracts )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (ADVP sometimes )ADVP (VP signals (SBAR that (S (NP they )NP (VP are (VP laying (NP plans (S (VP to (VP export (NP corn )NP )VP )VP )S )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP By (NP some estimates )NP )PP , (NP (NP several grain companies )NP (VP combined )VP )NP (VP bought (NP (NP contracts )NP (PP for (NP (NP the *UNK )NP (PP of (NP (NP (QP roughly one million )QP metric tons )NP (PP of (NP corn )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP By (S (VP buying (NP futures contracts )NP )VP )S )PP , (NP these companies )NP (VP attempt (S (VP to (VP protect (NP themselves )NP (PP from (NP (NP swings )NP (PP in (NP (NP the price )NP (PP of (NP (NP the corn )NP (SBAR (WHNP that )WHNP (S (NP they )NP (VP are (VP *UNKED (S (VP to (VP deliver )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP Soviet interest )NP )PP )NP (ADVP also )ADVP (VP pushed (ADVP up )ADVP (NP (NP the prices )NP (PP of (NP soybean futures contracts )NP )PP )NP )VP . )S  STOP
(S (PP Among (NP other things )NP )PP , (NP the Agriculture Department )NP (VP is (ADVP widely )ADVP (VP thought (S (VP to (VP be (VP *UNKING (SBAR whether (S (VP to (VP *UNK (NP (NP the sale )NP (PP of (NP soybean oil )NP )PP (PP to (NP the Soviet Union )NP )PP )NP )VP )VP )S )SBAR )VP )VP )VP )S )VP )VP . )S  STOP
(S (PP On (NP (NP top )NP (PP of (NP all this )NP )PP )NP )PP , (NP corn and soybean prices )NP (VP rose (PP on (NP reports (SBAR that (S (NP the Midwest harvest )NP (VP was (VP disrupted (PP by (NP (NP a (ADJP *UNKLY early )ADJP *UNK storm )NP (SBAR (WHNP that )WHNP (S (VP dumped (NP several inches )NP (PP in (NP (NP parts )NP (PP of (NP *UNKC and Ohio )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The harvest delays )NP , (ADVP however )ADVP , (VP are (VP expected (S (VP to (VP be (ADJP temporary )ADJP )VP )VP )S )VP )VP . )S  STOP
(SINV (S (NP *UNKC temperatures )NP (VP are (VP forecast (PP for (NP next week )NP )PP )VP )VP )S , (VP said )VP (NP (NP Robert *UNKC )NP , (NP (NP an analyst )NP (PP at (NP (NP Farmers *UNKC & *UNKC Corp. )NP , (NP Chicago )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP Many farmers )NP (VP used (NP (NP the jump )NP (PP in (NP prices )NP )PP )NP (S (VP to (VP sell (NP their (ADJP recently *UNKED )ADJP crop )NP (PP to (NP grain *UNK companies )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP The heavy selling )NP (PP by (NP farmers )NP )PP )NP (VP helped (S (VP to (VP damp (NP the price rally )NP )VP )VP )S )VP . )S  STOP
(S (NP Wheat futures prices )NP (VP rose (ADVP slightly )ADVP )VP . )S  STOP
(PP In (NP other commodity markets yesterday )NP : )PP  STOP
(NP *UNKC *UNKC : )NP  STOP
(S (NP Futures prices )NP (VP declined )VP . )S  STOP
(S (NP (NP A number )NP (PP of (NP developments )NP )PP )NP (VP were (ADVP *UNKLY )ADVP (VP interpreted (PP by (NP traders )NP )PP )VP )VP . )S  STOP
(S (NP December delivery gold )NP (VP fell (NP (NP $ 1.80 )NP (NP an ounce )NP )NP (PP to (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (NP December silver )NP (VP eased (NP (NP 2.7 cents )NP (NP an ounce )NP )NP (PP to (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (NP January platinum )NP (VP was (ADVP down (NP (NP $ *UNKN )NP (NP an ounce )NP )NP )ADVP (PP at (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (S (NP One *UNKING development )NP (VP was (NP (NP the *UNKED increase )NP (PP of (NP (QP only 0.2 )QP % )NP )PP (PP in (NP (NP the consumer price index )NP (PP for (NP September )NP )PP )NP )PP )NP )VP )S , (NP an analyst )NP (VP said )VP . )S  STOP
(S (NP He )NP (VP noted (SBAR that (S (NP (NP the `` core inflation rate )NP , '' (SBAR (WHNP which )WHNP (S (VP *UNK (NP food and energy )NP )VP )S )SBAR , )NP (VP was (ADVP also )ADVP (ADJP low )ADJP (PP at (NP 0.2 % )NP )PP )VP )S )SBAR )VP . )S  STOP
(NP (NP (NP Other news )NP (SBAR (WHNP that )WHNP (S (VP *UNKED (PP on (NP the market )NP )PP )VP )S )SBAR )NP : (S (S (NP *UNKC unemployment claims )NP (VP rose (PP by (NP *UNKN )NP )PP (NP last week )NP )VP )S ; (S (NP American Telephone & Telegraph Co. )NP (VP will (VP reduce (NP its *UNK staff )NP (PP by (NP 15,000 )NP )PP (PP through (NP *UNK )NP )PP )VP )VP )S ; (S (NP the oil market )NP (VP turned (ADJP weaker )ADJP )VP )S ; (S (NP there )NP (VP was n't (NP (NP any investor demand )NP (PP for (NP *UNK )NP )PP )NP )VP )S ; and (S (NP the dollar )NP (VP strengthened (PP during (NP the day )NP )PP , (S (VP putting (NP pressure )NP (PP on (NP gold )NP )PP )VP )S )VP )S )S . )NP  STOP
(S (ADVP Also )ADVP (PRN , (S (NP the analyst )NP (VP said )VP )S , )PRN (NP economic circumstances )NP (VP are (ADJP such (SBAR that (S (NP (NP both (NP South Africa )NP and (NP the Soviet Union )NP )NP , (NP the principal gold and platinum producers )NP , )NP (VP are (VP being (VP forced (S (VP to (VP continue (S (VP selling (NP the metals )NP )VP )S )VP )VP )S )VP )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (S (S (NP Both )NP (VP are (PP in (NP (NP great need )NP (PP of (NP foreign exchange )NP )PP )NP )PP )VP )S , and (S (NP South Africa )NP (VP is (ADVP also )ADVP (PP under (NP pressure (S (VP to (VP meet (NP foreign loan commitments )NP )VP )VP )S )NP )PP )VP )S )S , (NP he )NP (VP said )VP . )S  STOP
(S `` (S (S (VP *UNKING (NP (NP it )NP (NP all )NP )NP (ADVP together )ADVP )VP )S , (NP we )NP (VP have (NP (NP a negative scenario )NP (SBAR (WHNP that )WHNP (S (VP does n't (VP look (SBAR like (S (NP it )NP (VP will (VP improve (ADVP overnight )ADVP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(NP *UNKC : )NP  STOP
(S (NP Futures prices )NP (VP recovered (PP in (NP quiet trading )NP )PP )VP . )S  STOP
(S (NP The December contract )NP (VP rose (NP (NP 1.50 cents )NP (NP a pound )NP )NP (PP to (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (NP That contract )NP (VP (VP fell (NP (NP a total )NP (PP of (NP *UNKN cents )NP )PP )NP (PP during (NP (NP the first three days )NP (PP of (NP this week )NP )PP )NP )PP , (ADVP mostly )ADVP (PP in (NP (NP reaction )NP (PP to (NP (NP (NP last Friday 's )NP stock market plunge )NP , (SBAR (WHNP which )WHNP (S (VP prompted (NP concern (SBAR that (S (NP it )NP (VP might (VP signal (NP (NP a similar sharp slowing )NP (PP of (NP the U.S. economy )NP )PP )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )NP )PP )NP )PP )VP and (ADVP thus )ADVP (VP reduced (NP (NP demand )NP (PP for (NP (NP copper )NP , (NP a leading industrial metal )NP )NP )PP )NP )VP )VP . )S  STOP
(S (S (PP In (NP recent days )NP )PP , (ADVP however )ADVP , (NP there )NP (VP has (VP been (NP (NP increased purchasing )NP (PP of (NP copper )NP )PP (PP in (NP London )NP )PP )NP )VP )VP )S , (NP an analyst )NP (VP said )VP . )S  STOP
(S (NP (NP Some )NP (PP of (NP this buying )NP )PP )NP (VP was (PP by (NP (NP Japan )NP , (SBAR (WHNP which )WHNP (S (VP has (VP had (S (NP its supplies )NP (ADVP sharply )ADVP (VP reduced (PP by (NP (NP long production *UNK )NP (PP at (NP (NP (NP (NP the *UNKC mine )NP (PP in (NP *UNKC New *UNKC )NP )PP )NP , (NP (NP Highland Valley mine )NP (PP in (NP British Columbia )NP )PP )NP , and (NP (NP the Cananea mine )NP (PP in (NP Mexico )NP )PP )NP , )NP (SBAR (WHNP which )WHNP (S (VP are (NP (NP major shippers )NP (PP to (NP Japan )NP )PP )NP )VP )S )SBAR )NP )PP )NP )PP )VP )S )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (S (S (NP The increasing likelihood (SBAR that (S (NP (NP Cananea )NP and (NP Highland Valley )NP )NP (VP will (ADVP soon )ADVP (VP return (PP to (NP production )NP )PP )VP )VP )S )SBAR )NP (VP may (VP have (VP cut (NP (NP some )NP (PP of (NP that purchasing )NP )PP )NP )VP )VP )VP )S , but (S (SBAR even if (S (NP (NP any )NP (PP of (NP these mines )NP )PP )NP (VP begin (S (VP operating (ADVP soon )ADVP )VP )S )VP )S )SBAR , (NP their output )NP (VP wo n't (VP be (ADJP significant )ADJP (PP until (NP (NP (ADVP at least )ADVP the end )NP (PP of (NP the year )NP )PP )NP )PP )VP )VP )S )S , (NP analysts )NP (VP note )VP . )S  STOP
(S (ADVP So )ADVP , (NP one analyst )NP (VP said )VP , (S (SBAR even though (S (NP the long-term production problems )NP (VP may (VP be (VP easing )VP )VP )VP )S )SBAR , (NP there )NP (VP will (ADVP still )ADVP (VP be (NP (NP a significant need )NP (PP for (NP copper )NP )PP )NP (PP over (NP (NP the next three months )NP , (SBAR (WHADVP when )WHADVP (S (NP inventories )NP (VP will (VP remain (ADJP relatively low )ADJP )VP )VP )S )SBAR )NP )PP )VP )VP )S . )S  STOP
(NP *UNKC : )NP  STOP
(S (NP *UNKC oil prices )NP (VP ended (ADJP mixed )ADJP )VP . )S  STOP
(S (NP (NP West Texas Intermediate )NP (PP for (NP November delivery )NP )PP )NP (VP fell (NP (NP 14 cents )NP (NP a barrel )NP )NP (PP to (NP $ *UNKN )NP )PP )VP . )S  STOP
(S But (NP so-called *UNK month contracts )NP (VP finished (ADVP higher )ADVP )VP . )S  STOP
(S (PP For (NP instance )NP )PP , (NP (NP December contracts )NP (PP for (NP *UNKC )NP )PP )NP (VP rose (NP 17 cents )NP (PP to (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (NP Most energy futures )NP (VP opened (ADVP lower )ADVP , (PP following (NP (NP Wednesday 's )NP market downturn )NP )PP )VP . )S  STOP
(S But (NP (NP a flurry )NP (PP of (NP late trading )NP )PP (NP yesterday )NP )NP (VP *UNKED (PRT up )PRT (NP prices )NP )VP . )S  STOP
(S (NP *UNKING oil and gasoline futures )NP (VP ended (ADVP higher )ADVP (ADVP as well )ADVP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC 's )NP San Francisco law offices )NP (VP may (VP have (VP been (NP (NP the epicenter )NP (PP of (NP legal activity )NP )PP )NP (PP after (NP (NP Tuesday 's )NP earthquake )NP )PP )VP )VP )VP . )S  STOP
(S (PP In (NP (NP the first 25 minutes )NP (SBAR after (S (NP (NP his office 's )NP telephone service )NP (VP was (VP restored (NP yesterday morning )NP )VP )VP )S )SBAR )NP )PP , (NP 17 potential clients )NP (VP had (VP called (S (VP seeking (NP (NP the services )NP (PP of (NP (NP the *UNKED King )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP )VP )S )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP , (PP like (NP many other *UNK- lawyers )NP )PP , (VP suspects (SBAR that (S (NP (NP the earthquake )NP , (SBAR (WHNP which )WHNP (S (VP measured (NP (NP 6.9 )NP (PP on (NP the Richter scale )NP )PP )NP )VP )S )SBAR , )NP (VP will (VP generate (NP (NP enough lawsuits )NP (SBAR (S (VP to (VP keep (S (NP (NP this city 's )NP (UCP *UNK- and construction )UCP lawyers )NP (ADJP busy )ADJP )S (PP for (NP quite some time )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP are (ADJP likely (S (VP to (VP be (VP filed (PP (PP against (NP (NP engineering firms )NP , (NP contractors )NP and (NP developers )NP )NP )PP , (CONJP as well as )CONJP (PP against (NP *UNK- agencies )NP )PP )PP )VP )VP )VP )S )ADJP )VP . )S  STOP
(S But (NP (NP lawyers )NP (VP looking (S (VP to (VP cash (PRT in )PRT (PP on (NP the quake )NP )PP )VP )VP )S )VP )NP (VP may (VP have (NP a tough time )NP (SBAR once (S (NP their cases )NP (VP reach (NP a judge )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Experts )NP (PP on (NP California *UNK law )NP )PP )NP (VP say (SBAR (S (NP (NP *UNK )NP (VP *UNKED (NP government agencies )NP (PP in (NP such cases )NP )PP )VP )NP (VP are (ADJP pretty *UNK )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Even claims )NP (PP against (NP individuals and companies )NP )PP )NP (VP face (NP significant *UNK )NP )VP . )S  STOP
(S (NP The major legal barrier )NP (VP is (NP the principle (SBAR that (S (NP no one )NP (VP can (VP be (VP held (S (ADJP liable (PP for (NP (NP an `` act )NP (PP of (NP God )NP )PP )NP )PP )ADJP )S )VP )VP )VP )S )SBAR )NP )VP . '' )S  STOP
(S (PP For (ADVP now )ADVP )PP (PRN , (SINV (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP *UNK- )NP (PP of (NP the *UNK- California *UNKC Lawyers Association )NP )PP )NP , )NP )SINV )PRN `` (NP (NP the last thing )NP (SBAR (S (NP we )NP (ADVP really )ADVP (VP need (S (VP to (VP worry (PP about )PP )VP )VP )S )VP )S )SBAR )NP (VP is (SBAR (SBAR whether (S (NP anybody )NP (VP is (VP going (S (VP to (VP get (VP sued )VP )VP )VP )S )VP )VP )S )SBAR , or (SBAR whether (S (NP they )NP (VP (VP have (NP liability )NP )VP )VP )S or not )SBAR )SBAR )VP . )S  STOP
(S (NP We )NP (ADVP still )ADVP (VP have (S (NP people )NP (VP *UNKING (ADVP around )ADVP (PP in (NP a *UNK )NP )PP (PP in (NP San Francisco )NP )PP (S (VP *UNKING (PP about (SBAR whether (S (NP it )NP (VP 's (VP going (S (VP to (VP rain (NP tonight )NP )VP )VP )S )VP )VP )S )SBAR )PP )VP )S )VP )S )VP . '' )S  STOP
(S But (NP that )NP (VP wo n't (VP stop (NP (NP plaintiffs ' )NP lawyers )NP (PP from (S (VP seeking (NP (NP a little room )NP (PP for (NP *UNKING )NP )PP )NP )VP )S )PP )VP )VP . )S  STOP
(S (PP In (NP San Francisco )NP )PP , (PRN (S (NP they )NP (VP argue )VP )S , )PRN (NP an earthquake )NP (VP was (NP a near *UNK )NP )VP . )S  STOP
(S (ADVP *UNKC )ADVP , (S (NP engineering firms , construction contractors and developers )NP (VP can (VP be (VP sued (PP for (S not (VP keeping (NP structures )NP (ADVP up (PP to (NP standard )NP )PP )ADVP )VP )S )PP )VP )VP )VP )S , and (S (NP government agencies )NP (VP can (VP be (VP held (S (ADJP *UNK (PP for (S (VP failing (S (VP to (ADVP properly )ADVP (VP protect (NP citizens )NP (PP from (NP such a *UNK disaster )NP )PP )VP )VP )S )VP )S )PP )ADJP )S , (SBAR if (S (NP *UNK )NP (VP can (VP be (VP proven )VP )VP )VP )S )SBAR )VP )VP )VP )S . )S  STOP
(SINV `` (S (NP My *UNK )NP (VP is (SBAR (S (NP there )NP (VP will (VP be (NP (NP mass litigation )NP (PP over (NP (NP errors and *UNK )NP (PP in (NP engineering and contracting )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP Stanley *UNKC )NP , (NP a well-known Cincinnati plaintiffs lawyer )NP )NP . )SINV  STOP
(S (PP From (SBAR (WHNP what )WHNP (S (NP he )NP (VP saw (PP on (NP television )NP )PP )VP )S )SBAR )PP , (NP Mr. *UNKC )NP (VP points (PRT out )PRT (SBAR that (S (NP (NP Interstate 880 )NP , (SBAR (WHNP which )WHNP (S (VP (VP collapsed )VP and (VP killed (NP (QP more than 200 )QP commuters )NP )VP )VP )S )SBAR , )NP (VP suffered (NP serious damage )NP (SBAR while (S (NP surrounding buildings )NP (VP appeared (S (VP to (VP sustain (NP no damage *UNK )NP )VP )VP )S )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP adds (SBAR that `` (S (NP they )NP (VP were (ADJP aware (PP of (NP (NP (NP the *UNK )NP (PP for (NP earthquakes )NP )PP )NP and (NP the San *UNKC *UNKC )NP )NP )PP )ADJP )VP )S )SBAR )VP . '' )S  STOP
(S (NP The (ADJP *UNK and *UNK- )ADJP Mr. *UNKC )NP (VP says (SBAR (S (NP he )NP (ADVP already )ADVP (VP has (S (NP investigators )NP (VP looking (PP into (SBAR (WHNP who )WHNP (S (VP could (VP be (VP held (S (ADJP liable (PP for (NP (NP the damage )NP (PP on (NP (NP the Bay Bridge )NP and (NP (NP the interstate )NP (VP *UNKING (NP it )NP )VP )NP )NP )PP )NP )PP )ADJP )S )VP )VP )VP )S )SBAR )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(S `` (S (S (NP We )NP (VP wo n't (VP know (SBAR until (S (NP the smoke )NP (VP *UNK )VP )S )SBAR )VP )VP )S -- but (S (INTJ yes )INTJ , (NP we )NP (VP 're (VP looking (PP into (NP it )NP )PP )VP )VP )S )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP says (SBAR (S (NP he )NP (VP wants (S (VP to (VP know (SBAR whether (S (NP (NP (UCP state or federal )UCP engineers )NP or (NP private companies )NP )NP (VP could (VP have (VP prevented (NP the damage )NP )VP )VP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP was (PP at (NP Candlestick Park )NP )PP (PP for (NP the World Series )NP )PP (NP Tuesday night )NP )VP )S )SBAR , )NP (VP says (SBAR (S (NP he )NP (VP has (VP hired (S (NP civil engineers )NP (VP (VP to (VP check (PRT out )PRT (NP his own (ADJP *UNKLY damaged )ADJP building )NP )VP )VP and (VP to (VP investigate (NP the bridge collapse )NP )VP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Defense lawyers )NP , (ADVP perhaps *UNKLY )ADVP , (VP say (SBAR that (S (NP (NP (NP plaintiffs ' )NP lawyers )NP (VP taking (NP such an approach )NP )VP )NP (VP will (VP have (NP little success )NP (PP in (S (VP pursuing (NP their claims )NP )VP )S )PP )VP )VP )S )SBAR , (SBAR though (S (NP they )NP (VP add (SBAR that (S (NP (NP the facts )NP (PP of (NP each case )NP )PP )NP (VP must (VP be (VP looked (PP at )PP (ADVP *UNKLY )ADVP )VP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP (NP A lot )NP (PP of (NP this )NP )PP )NP (VP is (VP going (S (VP to (VP be (ADJP *UNKED )ADJP )VP )VP )S )VP )VP )S , '' (VP says )VP (NP (NP *UNKC J. *UNKC )NP , (NP (NP a construction law specialist )NP (PP at (NP (NP *UNKC , *UNKC & *UNKC )NP , (NP a San Francisco law firm )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP *UNKC )NP (PRN , (S (NP he )NP (VP says )VP )S , )PRN (VP will (VP argue (SBAR that (S (NP damaged structures )NP (VP were n't (VP built (PP to (NP proper design standards )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S But (S (SBAR if (S (NP defendants )NP (VP can (VP prove (SBAR that (S (NP they )NP (VP met (NP (NP San Francisco 's )NP *UNK building *UNK )NP )VP )S )SBAR )VP )VP )S )SBAR , `` (NP that )NP (VP 's (ADVP probably )ADVP (VP going (S (VP to (VP protect (NP them )NP )VP )VP )S )VP )VP )S , '' (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S (NP Government entities )NP (PRN , (SINV (VP continues )VP (NP Mr. *UNKC )NP )SINV , )PRN (VP could (VP be (VP protected (PP by (NP the California Government *UNKC *UNKC Act )NP )PP )VP )VP )VP . )S  STOP
(S (S (PP Under (NP the statute )NP )PP , (NP agencies )NP (VP are (VP provided `` (NP (NP *UNK )NP (SBAR (WHNP that )WHNP (S (ADVP normally )ADVP (VP are n't (ADJP available )ADJP (PP in (NP the private sector )NP )PP )VP )S )SBAR )NP )VP )VP )S , '' (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S `` (NP The legislature )NP (VP does not (VP want (S (VP to (VP *UNK (NP the unique government activities )NP (PP by (S (VP *UNKING (NP public entities )NP (PP to (NP liability )NP )PP )VP )S )PP )VP )VP )S )VP )VP . '' )S  STOP
(SINV (VP *UNKC (PP into (NP the statute )NP )PP )VP (VP are )VP (NP (NP so-called design *UNK )NP , (SBAR (WHNP which )WHNP (S (VP are (ADJP likely (S (VP to (VP protect (NP government agencies )NP )VP )VP )S )ADJP )VP )S )SBAR )NP , (PP according (PP to (NP (NP Mr. *UNKC )NP and (NP (NP Richard *UNKC )NP , (NP (NP a lawyer )NP (PP with (NP (NP the California Department )NP (PP of (NP Transportation )NP )PP , (SBAR (WHNP which )WHNP (S (VP oversees (NP the damaged Bay Bridge )NP )VP )S )SBAR )NP )PP )NP )NP )NP )PP )PP . )SINV  STOP
(SINV (S (NP The state )NP (VP is (VP protected (SBAR (SBAR (WHADVP when )WHADVP (S (NP (NP plans and designs )NP (PP for (NP public structures )NP )PP )NP (VP were (VP approved (ADVP ahead (PP of (NP time )NP )PP )ADVP )VP )VP )S )SBAR or (SBAR (WHADVP when )WHADVP (S (NP structures )NP (VP met (NP (ADJP previously approved )ADJP standards )NP )VP )S )SBAR )SBAR )VP )VP )S , (VP says )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S (NP He )NP (VP believes (SBAR (S (NP those *UNK )NP (VP might (ADVP well )ADVP (VP apply (PP to (NP the Bay Bridge collapse )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Nevertheless )ADVP , (NP he )NP (VP adds , `` (S (NP I )NP (VP would n't (VP get (ADVP totally )ADVP (VP shocked (SBAR if (S (NP we )NP (VP get (NP lawsuits )NP (PP out (PP of (NP the Bay Bridge )NP )PP )PP )VP )S )SBAR )VP )VP )VP )S )VP . '' )S  STOP
(S (SBAR If (S (NP there )NP (VP 's (VP going (S (VP to (VP be (NP (NP a race )NP (PP to (NP the *UNK )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR , (NP it )NP (VP has n't (VP started (ADVP yet )ADVP )VP )VP . )S  STOP
(S (S (NP Mr. *UNKC )NP (VP had (S (VP to (VP search (PP through (NP (NP law books )NP (VP *UNKED (PP on (NP (NP the floor )NP (PP of (NP his office )NP )PP )NP )PP )VP )NP )PP (NP yesterday )NP )VP )VP )S )VP )S , and (S (NP (NP Mr. *UNKC 's )NP *UNK )NP (VP was (VP *UNK (PP with (NP *UNK )NP )PP )VP )VP )S . )S  STOP
(S (NP Wednesday )NP , (NP (NP Mr. Belli 's )NP staff )NP (VP was n't (VP permitted (PP into (NP his office )NP )PP (PP by (NP (NP city officials )NP (VP worried (PP about (NP their safety )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP he )NP (VP (VP set (PRT up )PRT (NP shop )NP (PP on (NP the *UNK )NP )PP (PP in (NP (NP front )NP (PP of (NP his *UNK- office )NP )PP )NP )PP )VP and (VP helped (S (NP victims )NP (VP apply (PP for (NP federal aid )NP )PP -- (ADVP free (PP of (NP charge )NP )PP )ADVP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP a news release )NP (VP issued (PP by (NP Mr. *UNKC )NP )PP )VP )NP )PP , (NP the trial lawyers association )NP (ADVP also )ADVP (VP promised (NP (NP free assistance )NP (PP to (NP victims )NP )PP )NP )VP . )S  STOP
(S (NP The association )NP (VP (VP said (SBAR (S (NP it )NP (VP would (VP monitor (NP (NP the conduct )NP (PP of (NP lawyers )NP )PP )NP )VP )VP )S )SBAR )VP and (VP warned (SBAR that (S (NP (NP solicitation )NP (PP of (NP business )NP )PP )NP (VP is (ADJP *UNK )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(SBARQ (WHNP What )WHNP (SQ 's (PP in (NP a name )NP )PP )SQ ? )SBARQ  STOP
(FRAG (ADVP Apparently )ADVP (NP a lot )NP , (PP according (PP to (NP (NP the British firm )NP (PP of (NP Deloitte , *UNKC & Sells )NP )PP )NP )PP )PP . )FRAG  STOP
(S (NP The British firm )NP (VP has (VP begun (NP court proceedings )NP (PP in (NP London )NP )PP (S (VP to (VP prevent (NP (NP the use )NP (PP of (NP the name `` Deloitte '' )NP )PP (PP by (NP (NP Deloitte , *UNKC & Sells )NP and (NP (NP *UNKC Ross & Co. )NP )NP )NP )PP (PP in (NP (NP England )NP and (NP (NP the rest )NP (PP of (NP the world )NP )PP )NP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP The British Deloitte firm )NP (ADVP recently )ADVP (VP (VP withdrew (PP from (NP (NP the merger )NP (PP of (NP Deloitte and *UNKC world-wide )NP )PP )NP )PP )VP and (VP joined (NP *UNKC & *UNKC )NP )VP )VP . )S  STOP
(S (NP (NP John *UNKC )NP , (NP (NP senior partner )NP (PP of (NP Deloitte )NP )PP (PP in (NP the U.K. )NP )PP )NP , )NP (VP said `` (S (NP the decision (S (VP to (VP start (NP these proceedings )NP )VP )VP )S )NP (VP has n't (VP been (VP taken (ADVP *UNKLY )ADVP )VP )VP )VP )S )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP the British firm )NP (VP has (VP used (NP the name `` Deloitte '' )NP (PP since (NP *UNKN )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP the U.S. )NP )PP , (NP Deloitte , *UNKC & Sells )NP (VP was (VP known (PP as (NP *UNKC & Sells )NP )PP (PP until (NP (NP 1978 )NP , (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP added (NP (NP the `` Deloitte '' name )NP (PP of (NP its British affiliate )NP )PP )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP John C. *UNKC )NP , (NP (NP an accounting professor )NP (PP at (NP (NP (NP Columbia University 's )NP *UNKC School )NP (PP of (NP Business )NP )PP )NP )PP )NP , )NP (VP said `` (S (NP there )NP (VP 's (NP (NP a lot )NP (PP of (NP *UNK )NP )PP (VP involved (PP in (NP (NP the name )NP (PP of (NP (NP an accounting firm )NP (PP (PP with (NP a long history )NP )PP and (PP with (NP (NP roots )NP (PP in (NP (NP England )NP , (SBAR (WHADVP where )WHADVP (S (NP accounting )NP (VP *UNK (NP the U.S. )NP )VP )S )SBAR )NP )PP )NP )PP )PP )NP )PP )NP )PP )VP )NP )VP )S )VP . '' )S  STOP
(SINV (S (SBAR Although (S (NP accountants )NP (VP are n't (VP noted (PP as `` (S (VP being (ADJP deeply emotional )ADJP )VP )S )PP )VP )VP )S )SBAR , (NP they )NP (ADVP really )ADVP (VP hold (NP (NP it )NP (NP all )NP )NP (PRT in )PRT )VP )S , '' (VP said )VP (NP (NP Mr. *UNKC )NP , (NP (NP former chief *UNK )NP (PP of (NP the Securities and Exchange Commission )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP J. Michael *UNKC )NP , (NP (NP chairman )NP (PP of (NP Deloitte , *UNKC & Sells International )NP )PP )NP , )NP (VP said (SBAR (S (NP he )NP (VP believes (S (NP (NP the legal action )NP (PP by (NP the British firm )NP )PP )NP `` (VP to (VP be (PP without (NP merit )NP )PP )VP )VP )S )VP )S )SBAR )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR that (S (NP last June )NP , (NP (NP the international executive *UNK )NP (PP of (NP Deloitte and *UNKC )NP )PP )NP (VP agreed (PP to (NP a world-wide merger )NP )PP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP The merger )NP (VP is (VP proceeding (PP according (PP to (NP plan )NP )PP )PP , (PP except (PP as (PP to (NP (NP the withdrawal )NP (PP of (NP the Deloitte U.K. firm )NP )PP )NP )PP )PP )PP )VP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP (NP Partners )NP (PP at (NP other accounting firms )NP )PP )NP (VP say (SBAR that (S (NP (NP the Deloitte firm )NP (PP in (NP the U.K. )NP )PP )NP (VP is (VP filing (NP the suit )NP (S (VP to (VP get (PRT even )PRT (PP with (NP the merged *UNKC firm )NP )PP (PP for (S (VP keeping (NP major *UNKING work )NP (PP in (NP England )NP )PP )VP )S )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP General Motors Corp. )NP , (NP a Deloitte audit client )NP )NP , (PP for (NP example )NP )PP , (VP has (VP agreed (S (VP to (VP keep (NP its (NX (NX annual (ADJP (QP $ 18 million )QP )ADJP world-wide audit )NX and (NX associated tax work )NX )NX )NP (PP with (NP (NP the merged *UNKC firm )NP , (SBAR (S (VP to (VP be (VP known (PP as (NP Deloitte & *UNKC )NP )PP (PP in (NP the U.S. )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (PP In (NP England )NP )PP , (NP this )NP (VP would (VP mean (SBAR that (S (NP the British Deloitte )NP (VP would (VP lose (NP (NP revenue )NP (PP for (NP (NP its audit )NP (PP of (NP (NP GM 's )NP *UNKC unit )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP The *UNK )NP (PP of (NP (NP (NP Deloitte 's )NP affiliates )NP (PP in (NP (NP Britain )NP and (NP the Netherlands )NP )NP )PP )NP )PP (PP to (NP Coopers & *UNKC )NP )PP )NP (VP will (VP make (S (NP Coopers )NP (NP (NP one )NP (PP of (NP (NP the biggest accounting firms )NP (PP in (NP Europe )NP )PP )NP )PP )NP , (S (VP *UNKING (NP *UNKC *UNKC *UNKC )NP (ADVP there )ADVP )VP )S )S )VP )VP . )S  STOP
(S (SBAR Although (S (NP Coopers )NP (VP has n't (VP been (VP *UNKED (PP by (NP other major accounting firms )NP )PP (PP for (NP a merger )NP )PP )VP )VP )VP )S )SBAR , (NP it )NP (VP is (VP benefiting (ADVP greatly )ADVP (PP from (NP (NP *UNK )NP (PP from (NP the *UNKC merger )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP New York )NP )PP , (S (NP (NP Harris *UNKC )NP , (NP (NP general counsel )NP (PP of (NP Coopers )NP )PP )NP , )NP (VP said (SBAR (S (NP Coopers )NP `` (VP was (ADJP aware (PP of (NP the litigation )NP )PP )ADJP )VP )S )SBAR )VP )S , '' but (S (NP he )NP (VP declined (NP further comment )NP )VP )S . )S  STOP
(S (NP He )NP (ADVP also )ADVP (VP declined (S (VP to (VP comment (PP on (NP (NP the name )NP (SBAR (WHNP that )WHNP (S (NP Coopers )NP (VP would (VP use (PP in (NP England )NP )PP (SBAR if (S (NP Deloitte *UNK )NP (VP won (NP (NP its litigation )NP (SBAR (S (VP to (VP keep (NP its name )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Coopers )NP (VP uses (NP the Coopers & *UNKC name )NP (ADVP world-wide )ADVP )VP . )S  STOP
(S (NP (NP William Bennett )NP , (NP the White House *UNK- director )NP , )NP (VP accused (NP (NP local officials )NP (PP in (NP the Washington area )NP )PP )NP (PP of (S (VP blocking (NP (NP construction )NP (PP of (NP (NP prison facilities )NP (SBAR (S (VP to (VP house (NP convicted drug dealers )NP )VP )VP )S )SBAR )NP )PP )NP )VP )S )PP )VP . )S  STOP
(S `` (S (NP *UNKC )NP (VP has (ADVP essentially )ADVP (VP put (PRT up )PRT (NP (NP a *UNK )NP '' (PP to (S (VP finding (NP (NP sites )NP (PP for (NP new federal *UNK )NP )PP )NP )VP )S )PP )NP )VP )VP )S , (NP Mr. Bennett )NP (VP said (PP at (NP (NP a news conference )NP (VP called (S (VP to (VP report (PP on (NP (NP his `` emergency assistance program '' )NP (PP for (NP the capital )NP )PP )NP )PP )VP )VP )S )VP )NP )PP )VP . )S  STOP
(S (PP Without (NP (NP more space )NP (SBAR (S (VP to (VP *UNK (NP convicted criminals )NP )VP )VP )S )SBAR )NP )PP , (PRN (S (NP he )NP (VP added )VP )S , )PRN `` (NP we )NP (VP will not (VP win (NP (NP the war )NP (PP on (NP drugs )NP )PP )NP )VP )VP . '' )S  STOP
(S (NP Mr. Bennett )NP (VP declared (PP in (NP April )NP )PP (SBAR that (S (NP he )NP (VP would (VP make (S (NP Washington )NP (NP (NP a `` test case '' )NP (PP for (SBAR (WHADVP how )WHADVP (S (NP the Bush administration )NP (VP would (VP aid (NP (NP cities )NP (VP *UNKED (PP by (NP (NP heavy drug *UNKING )NP and (NP violence )NP )NP )PP )VP )NP )VP )VP )S )SBAR )PP )NP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The drug *UNK )NP (VP claimed (SBAR that (S (NP enforcement efforts )NP (VP are (VP working (ADVP here )ADVP , `` (ADVP *UNK )ADVP (PP at (NP (NP a (ADJP (ADJP slower )ADJP and (ADJP more *UNKING )ADJP )ADJP pace )NP (SBAR than (S (NP we )NP (VP would (VP like )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP acknowledged , (ADVP however )ADVP , (SBAR that (S (NP (NP Washington 's )NP `` drug-related murder rate )NP is (ADJP *UNKLY high )ADJP )S )SBAR )VP . )S  STOP
(S (NP The *UNK )NP (VP are (ADJP too crowded )ADJP )VP . )S  STOP
(S (NP *UNKC )NP (VP continue (S (VP to (VP be (VP sold (ADVP openly )ADVP (PP around (NP schools , *UNK and housing projects )NP )PP )VP )VP )VP )S )VP . '' )S  STOP
(S (NP Mr. Bennett )NP (VP declined (S (VP to (VP name (NP (NP the area officials )NP (SBAR (WHNP who )WHNP (S (NP he )NP (VP believes (SBAR (S (VP have (VP *UNKED (NP (NP plans )NP (PP for (S (VP building (NP more federal *UNK )NP (S (VP to (VP ease (NP (NP Washington 's )NP problem )NP )VP )VP )S )VP )S )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S But (NP other Bush administration officials )NP (VP have (VP criticized (NP Maryland Gov. William *UNKC )NP (PP for (S (VP blocking (NP (NP the use )NP (PP of (NP (NP possible sites )NP (PP in (NP that state )NP )PP )NP )PP )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP Administration officials )NP (ADVP also )ADVP (VP have (VP said (SBAR that (S (NP Washington Mayor *UNKC Barry )NP (VP has (VP delayed (NP (NP consideration )NP (PP of (NP (NP sites )NP (PP in (NP the city )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP (NP a letter )NP (PP to (NP (NP Mr. Bennett 's )NP office )NP )PP , (VP released (NP yesterday )NP )VP , )NP )PP (NP (NP (NP Washington 's )NP city administrator )NP , (NP Carol Thompson )NP , )NP (VP complained (SBAR that (S (NP the drug *UNK )NP (VP had (VP *UNKED (NP (NP the amount )NP (PP of (NP (NP federal drug-related assistance )NP (VP provided (PP to (NP the capital )NP )PP )VP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (VP *UNKING (PP to (NP (NP Mr. Bennett 's )NP claim (SBAR that (S (NP the federal government )NP (VP would (VP provide (NP (NP (QP $ 97 million )QP )NP (PP in (NP emergency federal support )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )S , (NP Ms. Thompson )NP (VP wrote , `` (S (NP Our analysis )NP (VP was (ADJP unable (S (VP to (ADVP even )ADVP (VP come (ADVP close (PP to (S (VP *UNKING (NP that figure )NP )VP )S )PP )ADVP )VP )VP )S )ADJP )VP . '' )S )VP )S  STOP
(S (PP Of (NP (NP his *UNK )NP (PP in (NP Washington )NP )PP )NP )PP , (NP Mr. Bennett )NP (VP stressed (SBAR that (S (NP existing federal *UNK )NP (VP have (VP taken (NP (NP *UNK )NP (PP of (NP *UNKN local *UNK )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (ADVP also )ADVP (VP noted (SBAR that (S (NP the federal Drug *UNKC Administration )NP (VP has (VP established (NP (NP a *UNK- task force )NP (ADJP responsible (PP since (NP April )NP )PP (PP for (NP (NP 106 *UNK )NP and (NP (NP (QP more than $ 2 million )QP )NP (PP in (NP (NP *UNK )NP (PP of (NP (NP drug dealers ' )NP assets )NP )PP )NP )PP )NP )NP )PP )ADJP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (S (NP The Defense Department )NP (VP has (VP lent (NP the Washington U.S. attorney )NP (NP 10 prosecutors )NP )VP )VP )S , and (S (NP (NP the Federal Bureau )NP (PP of (NP Investigation )NP )PP )NP (VP has (VP provided (NP crime laboratory facilities and training )NP )VP )VP )S )S , (NP he )NP (VP added )VP . )S  STOP
(FRAG (WHNP What )WHNP (SBAR if (S (NP it )NP (VP happened (PP to (NP us )NP )PP )VP )S )SBAR ? )FRAG  STOP
(S (PP In (NP (NP the wake )NP (PP of (NP (NP (NP the earthquake )NP (PP in (NP California )NP )PP )NP and (NP (NP the *UNK )NP (PP of (NP Hurricane Hugo )NP )PP )NP )NP )PP )NP )PP , (NP (NP many companies )NP (PP in (NP *UNK- areas )NP )PP )NP (VP are (VP *UNKING (NP (NP the question )NP (PP of (NP *UNK )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP (NP Some )NP , (PP (ADVP particularly )ADVP in (NP West Coast earthquake *UNK )NP )PP , )NP )NP (VP are (VP *UNKING (PRT off )PRT (NP their *UNK plans )NP , (S (VP (VP *UNKING (NP food stocks )NP )VP and (VP *UNKING (NP employees )NP (PP of (SBAR (WHNP what )WHNP (S (VP to (VP do (SBAR if (S (NP emergency )NP (VP strikes )VP )S )SBAR )VP )VP )S )SBAR )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP Others )NP (VP say (SBAR (S (NP they )NP (VP feel (ADJP confident (SBAR that (S (NP (NP steps )NP (SBAR (S (NP they )NP (VP 've (ADVP already )ADVP (VP taken )VP )VP )S )SBAR )NP (VP would (VP see (NP them )NP (PP through (NP a disaster )NP )PP )VP )VP )S )SBAR )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP involves (NP (NP more )NP (PP than (NP *UNK and fire *UNK )NP )PP )NP (NP these days )NP )VP . )S  STOP
(S (NP Some big companies )NP (VP have (S (NP (NP teams )NP (PP of (NP in-house experts )NP )PP )NP (VP focusing (PP on (NP safety and business *UNK )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP Many companies )NP (PP in (NP (NP the path )NP (PP of (NP potential disaster )NP )PP )NP )PP )NP (VP have (VP set (PRT up )PRT (NP *UNK offices )NP (PP in (NP safe regions )NP )PP , (S (VP hoping (SBAR (S (NP they )NP (VP can (VP (VP transport (NP employees )NP (ADVP there )ADVP )VP and (VP resume (NP operations )NP (ADVP quickly )ADVP )VP )VP )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(S (NP That )NP (VP means (S (VP making (ADJP sure (SBAR that (S (NP (NP copies )NP (PP of (NP vital computer software and company records )NP )PP )NP (VP are (PP out (PP of (NP (NP harm 's )NP way )NP )PP )PP )VP )S )SBAR )ADJP )VP )S )VP . )S  STOP
(S (NP (NP Some businesses )NP (PRN -- (PP like (NP *UNKC )NP )PP -- )PRN )NP (VP claim (SBAR that (S (SBAR even if (S (NP they )NP (VP became (ADJP isolated )ADJP (PP in (NP a crisis )NP )PP )VP )S )SBAR , (NP they )NP (VP would (VP be (ADJP able (S (VP to (VP (VP feed )VP and (VP care (PP for )PP )VP (NP their people )NP (PP for (ADVP (ADVP as long )ADVP (PP as (NP five days )NP )PP )ADVP )PP )VP )VP )S )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP *UNKC )NP (VP has (S (VP to (VP be (NP (NP the *UNK )NP (PP of (NP your plan )NP )PP )NP )VP )VP )S )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP manager )NP (PP of (NP corporate emergency planning )NP )PP (PP at (NP (NP Atlantic Richfield Co. )NP (PP in (NP Los Angeles )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (SBAR If (S (NP you )NP (VP do n't (VP save (NP your critical people )NP )VP )VP )S )SBAR , (NP you )NP (VP wo n't (VP be (ADJP able (S (VP to (VP bring (PRT up )PRT (NP your vital business functions )NP )VP )VP )S )ADJP )VP )VP . '' )S  STOP
(S (SBAR Although (S (NP (NP (NP *UNKC 's )NP head office )NP , (PP (NP (QP more than 300 )QP miles )NP from (NP the epicenter )NP )PP , )NP (VP was n't (VP affected (PP by (NP (NP this week 's )NP tremors )NP )PP )VP )VP )S )SBAR , (NP Ms. *UNKC )NP (VP used (NP the *UNK )NP (S (VP to (VP distribute (NP (NP a *UNK- memo )NP (PP of (NP `` *UNKC *UNKC '' )NP )PP )NP (PP to (NP *UNKN *UNKC employees )NP )PP )VP )VP )S )VP . )S  STOP
(S `` (S (NP You )NP (VP need (S (VP to (VP *UNK (PP on (NP these moments )NP )PP (SBAR (WHADVP when )WHADVP (S (NP you )NP (VP have (NP (NP everyone 's )NP attention )NP )VP )S )SBAR )VP )VP )S )VP )S , '' (NP she )NP (VP says )VP . )S  STOP
(S `` (NP It )NP (VP was (NP a good reminder (SBAR that (S (NP (NP we )NP (NP all )NP )NP (VP need (S (VP to (VP prepare (ADVP prior (PP to (NP an event )NP )PP )ADVP )VP )VP )S )VP )S )SBAR )NP )VP . '' )S  STOP
(S (NP The *UNKC memo )NP (VP *UNK (NP employees )NP (S (VP to (VP keep (NP (NP certain supplies )NP )NP (PP at (NP work )NP )PP , (PP such as (NP (NP solid shoes )NP and `` (NP (NP heavy *UNK )NP (SBAR (S (VP to (VP clear (NP debris )NP )VP )VP )S )SBAR )NP )NP )PP )VP )VP )S )VP . '' )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP recommends (SBAR that (S (NP employees )NP (VP be (ADJP aware (PP of (NP (NP everyday office items )NP (SBAR (WHNP that )WHNP (S (VP could (VP be (VP used (PP for (NP emergency care or *UNK )NP )PP )VP )VP )VP )S )SBAR )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(FRAG (PP Among (NP the suggestions )NP )PP : (S (NP (NP *UNKC )NP and (NP (NP men 's )NP ties )NP )NP (VP could (VP be (VP used (PP for (NP *UNK )NP )PP , (SBAR while (S (NP *UNK *UNK *UNK )NP (VP might (VP aid (PP in `` (S (VP breaking (PP through (NP office walls )NP )PP )VP )S )PP )VP )VP )S )SBAR )VP )VP )VP )S . '' )FRAG  STOP
(S (NP *UNKC )NP (VP maintains (NP (NP an office )NP (PP in (NP Dallas )NP )PP (SBAR (WHNP that )WHNP (S (VP would (VP take (PRT over )PRT (SBAR if (S (NP (NP payroll operations )NP (PP in (NP *UNKC )NP )PP )NP (VP were (VP disrupted )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP (NP Two months )NP ago )ADVP (NP the company )NP (VP set (PRT up )PRT (NP (NP a *UNK- number )NP , (VP based (PP outside (NP California )NP )PP )VP , (SBAR (S (VP to (VP handle (NP (NP *UNK )NP (PP from (NP employees )NP )PP (PP about (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP should (VP report (ADVP back (PP to (NP work )NP )PP )ADVP (PP after (NP an (NX (NX earthquake )NX or (NX other disaster )NX )NX )NP )PP )VP )VP )S )SBAR )PP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The *UNKC plan )NP (VP takes (PP into (NP account )NP )PP (NP (NP such details )NP (PP as (SBAR (WHNP (WHNP which aspects )WHNP (PP of (NP business )NP )PP )WHNP (S (VP are (ADJP *UNK )ADJP (PP at (NP (NP certain times )NP (PP of (NP the year )NP )PP )NP )PP )VP )S )SBAR )PP )NP )VP . )S  STOP
(S (NP This way )NP , (S (VP depending (PP on (SBAR (WHADVP when )WHADVP (S (NP a quake )NP (VP might (VP strike )VP )VP )S )SBAR )PP )VP )S , (NP priorities )NP (VP can (VP be (VP assigned (PP to (NP (NP departments )NP (SBAR (WHNP that )WHNP (S (VP should (VP be (VP brought (ADVP back )ADVP (PP on (NP line )NP )PP (ADVP first )ADVP )VP )VP )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S (PP At (NP Hewlett-Packard Co. )NP )PP , (NP the earthquake )NP (VP came (SBAR just as (S (NP the company )NP (VP was (VP reviewing (NP its own emergency procedures )NP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP We )NP (VP were (VP talking (PP about (S (VP *UNKING (NP a practice drill )NP (PP for (NP November )NP )PP )VP )S )PP )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP a spokeswoman )NP )NP . )SINV  STOP
(S `` (ADVP Then )ADVP (NP we )NP (VP had (NP a real one )NP (PP in (NP the afternoon )NP )PP )VP . '' )S  STOP
(S (NP The (NAC Palo Alto , Calif. , )NAC computer maker )NP (VP scrambled (S (VP to (VP set (PRT up )PRT (NP (NP a special phone line )NP (SBAR (S (VP to (VP tell (NP manufacturing and support staff )NP (S (VP to (VP stay (ADVP home )ADVP (NP Wednesday )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (NP Sales and service employees )NP (VP were (VP asked (S (VP to (VP report (PP to (NP work )NP )PP (S (VP to (VP help (NP (NP Bay area clients )NP (SBAR (WHNP who )WHNP (S (VP called (PP with (NP computer problems )NP )PP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (NP Hewlett-Packard )NP (ADVP also )ADVP (VP called (PRT in )PRT (NP its systems experts )NP (S (VP to (VP restore (NP its own computer operations )NP )VP )VP )S )VP . )S  STOP
(SINV `` (S (NP That )NP (VP means (SBAR (S (NP we )NP (VP can (VP (VP accept (NP orders )NP )VP '' and (VP begin (S (VP getting (ADVP back )ADVP (PP to (ADJP normal )ADJP )PP )VP )S )VP )VP )VP )S )SBAR )VP )S , (VP says )VP (NP Ms. Tharp )NP . )SINV  STOP
(S (S (VP *UNKED (PP by (NP (NP an earlier California earthquake )NP , (CONJP as well as )CONJP (NP (NP a fire )NP (PP in (NP a Los Angeles office tower )NP )PP )NP )NP )PP , )VP )S (NP Great Western Bank )NP (PP in (NP the past year )NP )PP (VP (VP hired (NP three emergency planners )NP )VP and (VP spent (NP $ *UNKN )NP (S (VP *UNKING (NP a *UNK )NP (PP with (NP communications gear )NP )PP (S (VP to (VP serve (PP as (NP an emergency headquarters )NP )PP )VP )VP )S )VP )S )VP )VP . )S  STOP
(S (SBAR Although (S (NP (NP officials )NP (PP of (NP (NP the savings and loan )NP , (NP (NP a unit )NP (PP of (NP Great Western Financial Corp. )NP )PP )NP , )NP )PP )NP (VP used (NP (NP some )NP (PP of (NP their new plans and equipment )NP )PP )NP (PP during (NP (NP this week 's )NP quake )NP )PP )VP )S )SBAR , (NP they )NP (ADVP still )ADVP (VP lost (NP touch )NP (PP for (NP (QP more than 24 )QP hours )NP )PP (PP with (NP (NP 15 branches )NP (PP in (NP the affected areas )NP )PP )NP )PP , (S not (VP knowing (SBAR if (S (S (NP employees )NP (VP were (VP injured )VP )VP )S or (S (NP *UNK )NP (VP were (VP broken (S (ADJP open )ADJP )S )VP )VP )S )S )SBAR )VP )S )VP . )S  STOP
(SINV `` (S (NP Some people )NP (ADVP flat out )ADVP (VP did n't (VP know (SBAR (WHNP what )WHNP (S (VP to (VP do )VP )VP )S )SBAR )VP )VP )S , '' (VP says )VP (NP (NP Robert G. Lee )NP , (NP (NP vice president )NP (PP for (NP (NP emergency planning )NP and (NP corporate security )NP )NP )PP (PP at (NP Great Western )NP )PP )NP )NP . )SINV  STOP
(S (SBAR As (S (NP it )NP (VP turned (PRT out )PRT )VP )S )SBAR , (S (NP bank employees )NP (VP were n't (VP hurt )VP )VP )S and (S (NP the *UNK )NP (VP *UNK (NP the *UNK )NP )VP )S . )S  STOP
(SINV (ADVP Still )ADVP , (VP says )VP (NP Mr. Lee )NP : `` (S (NP We )NP (VP need (S (VP to (VP *UNK (NP people )NP (SBAR that (S (NP they )NP (VP need (S (VP to (VP get (PP to (NP a phone )NP )PP (ADVP (ADVP somehow )ADVP , (NP some way )NP , )ADVP (S (VP to (VP let (S (NP someone )NP (VP know (SBAR (WHNP what )WHNP (S (NP their status )NP (VP is )VP )S )SBAR )VP )S )VP )VP )S )VP )VP )S )VP )S )SBAR )VP )VP )S )VP )S . '' )SINV  STOP
(S (NP Some companies )NP (VP are (ADJP confident (SBAR that (S (NP they )NP (VP 're (ADJP prepared )ADJP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP Occidental Petroleum Corp. )NP (VP (VP holds (NP regular *UNK *UNK )NP )VP and (VP stocks (NP (NP food )NP , (NP *UNK )NP and (NP *UNK- drugs )NP )NP (PP at (NP (NP *UNK )NP (PP in (NP its *UNK- headquarters )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The company )NP (ADVP also )ADVP (VP (VP maintains (NP *UNK *UNK )NP (PP in (NP offices )NP )PP )VP and (VP changes (NP (NP its *UNK supply )NP (PP of (NP drinking water )NP )PP )NP (NP every three months )NP )VP )VP . )S  STOP
(S `` (S (NP We )NP (VP feel (SBAR (S (NP we )NP (VP are (VP doing (NP (NP everything )NP (SBAR (S (NP we )NP (VP can )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )S , '' (NP an Occidental spokesman )NP (VP says )VP . )S  STOP
(S (NP (NP (NP Walt Disney Co. 's )NP *UNKC )NP (PP in (NP (NP *UNKC )NP , (NP Calif. )NP , )NP )PP )NP (VP stocks (NP (NP rescue equipment )NP , (NP medical supplies )NP , and (NP (NP enough food and water )NP (SBAR (S (VP to (VP feed (NP (QP at least 10,000 )QP visitors )NP (PP for (ADVP (ADVP as long )ADVP (PP as (NP five days )NP )PP )ADVP )PP (PP in (NP the event (SBAR that (S (NP a *UNK )NP (VP *UNK (NP the theme park )NP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (NP The park )NP (ADVP also )ADVP (VP has (NP (NP emergency centers )NP (SBAR (WHADVP where )WHADVP (S (NP *UNKLY *UNKED employees )NP (VP would (VP go (S (VP to (VP coordinate (NP *UNK and rescue plans )NP (S (VP using (NP (NP *UNK- )NP , (NP cellular phones )NP , and (NP a *UNK- system )NP )NP )VP )S )VP )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The centers )NP (VP are (ADJP complete (PP with (NP (NP *UNK )NP (VP detailing (NP (NP (NP utility lines )NP (PP beneath (NP *UNK )NP )PP )NP and (NP `` (NP safe *UNK )NP '' (SBAR (WHADVP where )WHADVP (S (NP people )NP (VP can (VP be (VP assembled (ADVP away (PP from (NP major structures )NP )PP )ADVP )VP )VP )VP )S )SBAR )NP )NP )VP )NP )PP )ADJP )VP . )S  STOP
(SINV (S (NP (NP *UNKC Chemical Co. )NP , (PP with (NP (NP three chemical plants )NP (PP in and near (NP (NP Lake Charles )NP , (NP *UNKC )NP )NP )PP )NP )PP , )NP `` (VP prepares (PP for (NP (NP every hurricane )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP (NP the Gulf )NP (PP of (NP Mexico )NP )PP )NP )VP )S )SBAR )NP )PP )VP )S , '' (VP says )VP (NP (NP Keith L. *UNKC )NP , (NP a company safety director )NP )NP . )SINV  STOP
(S (NP (NP Hurricane Hugo )NP , (NP an Atlantic storm )NP , )NP (VP did n't (VP affect (NP *UNKC )NP )VP )VP . )S  STOP
(S (S But (NP two other major *UNK )NP (VP have (VP threatened (NP operations )NP (ADVP so far )ADVP (NP this year )NP )VP )VP )S , (S (ADVP most recently )ADVP (NP Hurricane Jerry )NP (NP this week )NP )S . )S  STOP
(S (S (SBAR Because (S (NP *UNK )NP (VP can (VP change (NP course )NP (ADVP rapidly )ADVP )VP )VP )S )SBAR , (NP the company )NP (VP (VP sends (NP employees )NP (ADVP home )ADVP )VP and (VP *UNK (PRT down )PRT (NP operations )NP (PP in (NP stages )NP )PP )VP )VP )S -- (X (SBAR (X the closer )X (S (NP a storm )NP (VP gets )VP )S )SBAR , (X the (ADJP more complete )ADJP )X (NP the *UNK )NP )X . )S  STOP
(S (NP The company )NP (VP does n't (VP wait (PP until (NP the final hours )NP )PP (S (VP to (VP get (ADJP ready (PP for (NP *UNK )NP )PP )ADJP )VP )VP )S )VP )VP . )S  STOP
(S `` (S (NP There )NP (VP are (ADVP just )ADVP (NP (NP tons )NP (PP of (NP (NP things )NP (SBAR (WHNP that )WHNP (S (VP have (S (VP to (VP be (VP considered )VP )VP )VP )S )VP )S )SBAR )NP )PP )NP )VP )S , '' (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S `` (NP *UNKC tank cars )NP (VP will (VP float (ADVP away )ADVP (PP on (NP you )NP )PP (SBAR if (S (NP you )NP (VP get (NP a big *UNK surge )NP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (ADVP Still )ADVP , (NP *UNKC officials )NP (VP realize (SBAR (S (NP they )NP (VP 're (ADJP relatively *UNK )ADJP )VP )S )SBAR )VP . )S  STOP
(S `` (PP With (NP a hurricane )NP )PP (NP you )NP (VP know (SBAR (S (NP it )NP (VP 's (VP coming )VP )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP You )NP (VP have (NP (NP time )NP (SBAR (S (VP to (VP put (NP *UNK *UNK )NP (PP in (NP place )NP )PP )VP )VP )S )SBAR )NP )VP )S , '' (VP notes )VP (NP a *UNKC spokeswoman )NP . )SINV  STOP
(S `` (NP (NP A situation )NP (PP like (NP San Francisco )NP )PP )NP (VP is (ADJP so *UNKING )ADJP (SBAR because (S (NP there )NP (VP 's (NP no warning )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Former Democratic *UNK- Thomas M. *UNKC )NP , (SBAR (WHNP whose savings and loan )WHNP (S (VP was (VP *UNKED (PP from (NP his control )NP )PP (PP by (NP federal thrift regulators )NP )PP )VP )VP )S )SBAR , )NP (VP has (VP been (VP granted (NP court permission (S (VP to (VP *UNK (NP the regulators )NP )VP )VP )S )NP )VP )VP )VP . )S  STOP
(S (PP In (NP (NP a ruling )NP (PP by (NP (NP the Fifth U.S. Circuit Court )NP (PP of (NP Appeals )NP )PP (PP in (NP New Orleans )NP )PP )NP )PP )NP )PP , (NP Mr. *UNKC )NP (VP received (NP the *UNK- (S (VP to (VP pursue (NP (NP a claim )NP (PP against (NP (NP the Federal Home Loan Bank Board )NP and (NP (NP the Federal Home Loan Bank )NP (PP of (NP Dallas )NP )PP )NP )NP )PP (PP for (NP (NP losses )NP (SBAR (S (NP he )NP (VP suffered (SBAR (WHADVP when )WHADVP (S (NP the Bank Board )NP (VP closed (NP (NP the Independent American Savings Association )NP (PP of (NP (NP Irving )NP , (NP Texas )NP )NP )PP )NP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )VP )VP )S )NP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP was (NP (NP chairman )NP and (NP (NP the majority *UNK )NP (PP of (NP Independent American )NP )PP )NP )NP )VP )S )SBAR , )NP (VP had (VP *UNKED (NP his control )NP (PP in (NP (NP exchange )NP (PP for (NP (NP federal regulators ' )NP agreement (S (VP to (VP drop (NP (NP their inquiry )NP (PP into (NP (NP his activities )NP (PP at (NP another savings and loan )NP )PP )NP )PP )NP )VP )VP )S )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP As (NP (NP part )NP (PP of (NP the agreement )NP )PP )NP )PP , (NP Mr. *UNKC )NP (VP contributed (NP (NP real estate )NP (VP valued (PP at (NP (QP $ 25 million )QP )NP )PP )VP )NP (PP to (NP (NP the assets )NP (PP of (NP Independent American )NP )PP )NP )PP )VP . )S  STOP
(S (SBAR While (S (PP under (NP (NP the control )NP (PP of (NP federal regulators )NP )PP )NP )PP )S )SBAR , (NP (NP Independent American 's )NP net worth )NP (VP dropped (PP from (NP (QP $ 75 million )QP )NP )PP (PP to (NP (QP a negative $ 400 million )QP )NP )PP , (S (VP *UNKING (PRT out )PRT (NP (NP (NP the value )NP (PP of (NP (NP Mr. Gaubert 's )NP real estate contribution )NP )PP )NP and (NP (NP his stock )NP (PP in (NP the institution )NP )PP )NP )NP )VP )S )VP . )S  STOP
(S (NP (NP Mr. Gaubert 's )NP suit (S (VP to (VP recover (NP his damages )NP )VP )VP )S )NP (VP was (VP dismissed (NP last year )NP (PP by (NP (NP U.S. District Judge Robert *UNKC )NP (PP of (NP Dallas )NP )PP )NP )PP (PP under (NP (NP the Federal *UNKC *UNKC Act )NP , (SBAR (WHNP which )WHNP (S (VP offers (NP (NP broad protection )NP (PP for (NP (NP actions )NP (PP by (NP federal agencies and employees )NP )PP )NP )PP )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP Earlier this week )NP , (NP a Fifth Circuit appellate panel )NP (VP (VP upheld (NP (NP (NP Judge *UNKC 's )NP dismissal )NP (PP of (NP (NP (NP Mr. Gaubert 's )NP claim )NP (PP as (NP a shareholder )NP )PP )NP )PP )NP )VP but (VP said (SBAR (S (NP the judge )NP (VP should (VP *UNK (NP (NP (NP Mr. Gaubert 's )NP claim )NP (PP for (NP (NP the loss )NP (PP of (NP his property )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S `` (S (NP It )NP (VP may (VP depend (PP on (SBAR whether (S (NP there )NP (VP was (NP an (ADJP express or *UNKED )ADJP promise ... (SBAR that (S (NP the federal officials )NP (VP would not (ADVP *UNKLY )ADVP (VP cause (NP (NP the deterioration )NP '' (PP of (NP Independent American )NP )PP )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )PP )VP )VP )S , (NP the court )NP (VP wrote )VP . )S  STOP
(S (NP (NP (NP Mr. Gaubert 's )NP lawyer )NP , (NP (NP *UNKC David *UNKC )NP (PP of (NP (NP Washington )NP , (NP D.C. )NP )NP )PP )NP , )NP (VP says (SBAR (S (NP (NP the impact )NP (PP of (NP the ruling )NP )PP (PP on (NP (NP other cases )NP (VP involving (NP thrift takeovers )NP )VP )NP )PP )NP (VP will (VP depend (PP on (NP (NP the degree )NP (PP of (NP (NP *UNK )NP (PP in (NP the facts )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP I )NP (VP do n't (VP know (SBAR if (S (NP this )NP (VP will (VP affect (NP (NP one institution )NP or (NP (QP a hundred )QP )NP )NP )VP )VP )S )SBAR )VP )VP )S , '' (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S `` (NP It )NP (VP does (VP establish (NP (NP a very clear *UNK )NP (PP for (S (VP *UNKING (NP the *UNKC )NP )VP )S )PP )NP (SBAR (WHADVP where )WHADVP (S (NP there )NP (VP was (NP none )NP (ADVP before )ADVP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP *UNKC )NP (VP *UNKC (PP in (NP suit )NP )PP (SBAR that (S (NP restaurant )NP (VP fired (NP her )NP (SBAR because (S (NP she )NP (VP was (ADJP pregnant )ADJP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP a suit )NP (VP filed (PP in (NP (NP state court )NP (PP in (NP Manhattan )NP )PP )NP )PP )VP )NP )PP , (NP the American Civil *UNKC Union )NP (VP is (VP representing (NP (NP the former *UNK 'd )NP (PP of (NP the *UNK Odeon restaurant )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP The suit )NP , (SBAR (WHNP which )WHNP (S (VP seeks (NP (NP (ADJP *UNK and punitive )ADJP damages )NP (PP of (NP (QP $ 1 million )QP )NP )PP )NP )VP )S )SBAR , )NP (VP alleges (SBAR that (S (NP (NP the *UNKING )NP (PP of (NP *UNKC *UNKC Levine )NP )PP )NP (VP violated (NP (NP New York state 's )NP *UNK- law )NP )VP )S )SBAR )VP . )S  STOP
(S (PP Among (NP other things )NP )PP , (NP the law )NP (VP *UNK (NP (NP discrimination )NP (PP on (NP (NP the basis )NP (PP of (NP sex and pregnancy )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The suit )NP (VP alleges (SBAR that (S (NP Ms. Levine )NP (VP was (VP fired (SBAR after (S (NP she )NP (VP refused (S (VP to (VP accept (NP a (ADJP lower paying )ADJP , (ADJP less visible )ADJP job )NP (PP upon (S (VP reaching (NP (NP her sixth month )NP (PP of (NP pregnancy )NP )PP )NP )VP )S )PP )VP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Ms. Levine )NP (VP told (NP her employer )NP (SBAR that (S (NP she )NP (VP was (ADJP pregnant )ADJP )VP )S )SBAR (PP in (NP February )NP )PP )VP )S ; (S (ADVP (NP a month )NP later )ADVP (PRN , (S (NP the suit )NP (VP says )VP )S , )PRN (NP the restaurant manager )NP (VP told (NP Ms. Levine )NP (SBAR that (S (NP she )NP (VP would (VP be (VP *UNKED (PP to (NP his assistant )NP )PP (SBAR because (S (NP he )NP (VP felt (SBAR (S (NP customers )NP (VP would (VP be (ADJP *UNK (PP with (NP a pregnant *UNK 'd )NP )PP )ADJP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP an attorney )NP (PP with (NP (NP the *UNKC 's )NP (NP Women 's )NP Rights Project )NP )PP )NP , )NP (VP said , `` (S (S (NP They )NP (VP wanted (NP a *UNKING woman )NP )VP )S , and (S (NP a pregnant woman )NP (VP is not (ADJP *UNK )ADJP )VP )S )S )VP . )S  STOP
(S (NP They )NP (VP told (NP her )NP , ` (S (S (NP We )NP (VP do n't (VP hire (NP fat people )NP )VP )VP )S and (S (NP we )NP (VP do n't (VP hire (NP *UNK )NP )VP )VP )S )S )VP . )S  STOP
(S And (NP pregnant women )NP (VP are (ADJP fat )ADJP )VP . ' '' )S  STOP
(S (NP Ms. *UNKC )NP (VP said (SBAR (S (NP Ms. Levine )NP (ADVP *UNKLY )ADVP (VP taped (NP (NP many conversations )NP (PP with (NP (NP her bosses )NP (PP at (NP the Odeon )NP )PP )NP )PP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP they )NP (VP told (NP her )NP (SBAR (S (NP she )NP (VP was (VP being (VP fired (PP as (NP *UNK 'd )NP )PP (SBAR because (S (NP she )NP (VP was (ADJP pregnant )ADJP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Paul H. *UNKC )NP , (NP (NP an attorney )NP (PP for (NP Odeon owner Keith *UNKLY )NP )PP )NP , )NP (VP denied (NP the allegations )NP )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP Ms. Levine )NP (VP had (ADVP never )ADVP (VP been (VP fired , (SBAR although (S (NP she )NP (VP had (VP stopped (S (VP working (PP at (NP the restaurant )NP )PP )VP )S )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP The Odeon )NP (VP made (NP a written offer )NP (PP to (NP *UNKC Levine )NP )PP (PP on (NP July 10 )NP )PP (S (VP to (VP return (PP to (NP work )NP )PP (PP as (NP the *UNK 'd )NP )PP , (PP (PP at (NP the (NX (NX same pay )NX , (NX same hours )NX )NX )NP )PP and (PP with (NP (NP back pay )NP (VP accrued )VP )NP )PP )PP )VP )VP )S )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP the Odeon )NP `` (VP has (NP (NP no policy )NP (PP against (S (VP hiring (NP pregnant people )NP )VP )S )PP )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP *UNKC )NP (PP *UNK (NP (NP Texas 's )NP biggest *UNK- case )NP )PP )NP (VP want (ADVP out )ADVP (PP in (NP (NP face )NP (PP of (NP *UNK )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Lawyers )NP (VP representing (NP (NP five )NP (PP of (NP (NP the seven defendants )NP (PP in (NP the case )NP )PP )NP )PP )NP )VP )NP (VP say (SBAR (S (NP their clients )NP (VP can (ADVP no longer )ADVP (VP afford (NP their services )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The trial )NP (PP of (NP the case )NP )PP )NP (VP (VP *UNKED (NP seven months )NP )VP and (VP ended (PP in (NP September )NP )PP (PP with (NP a *UNK jury )NP )PP )VP )VP . )S  STOP
(S (NP The defendants )NP (VP were (VP indicted (ADVP (NP two years )NP ago )ADVP (PP on (NP charges (SBAR that (S (NP they )NP (VP *UNKED (S (VP to (VP *UNK (NP five thrifts )NP (PP of (NP (QP more than $ 130 million )QP )NP )PP (PP through (NP a complicated scheme (S (VP to (VP *UNK (NP (NP the price )NP (PP of (NP (NP land and *UNK construction )NP (PP along (NP (NP Interstate 30 )NP , (ADVP east (PP of (NP Dallas )NP )PP )ADVP )NP )PP )NP )PP )NP )VP )VP )S )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP The defense lawyers )NP , (SBAR (WHNP (WHNP three )WHNP (WHPP of (WHNP whom )WHNP )WHPP )WHNP (S (VP are (NP solo *UNK )NP )VP )S )SBAR , )NP (VP say (SBAR (S (NP they )NP (VP ca n't (VP afford (S (VP to (VP put (NP their law practices )NP (PP on (NP hold )NP )PP (PP for (NP another *UNK- trial )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Some )NP (PP of (NP the lawyers )NP )PP )NP (VP say (SBAR (S (NP they )NP (VP would (VP continue (S (VP to (VP represent (NP their clients )NP )VP )VP )S (SBAR if (S (NP the government )NP (VP pays (NP their *UNK )NP (PP as (NP *UNKED lawyers )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Assistant U.S. Attorney Terry Hart )NP (PP of (NP Dallas )NP )PP )NP (VP says (SBAR (S (NP the government )NP (VP will (VP oppose (NP any efforts (S (VP to (VP bring (PRT in )PRT (NP a new defense team )NP )VP )VP )S )NP (SBAR because (S (NP it )NP (VP would (VP delay (NP a *UNK )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP FEDERAL *UNKC *UNKC *UNKC )NP (PP of (NP Florida )NP )PP )NP , (S (VP facing (NP impeachment )NP )VP )S , (VP received (NP an *UNKED boost )NP (NP yesterday )NP )VP . )S  STOP
(S (NP (NP Sen. *UNKC *UNKC )NP (PRN -LRB- (NP (NP R. )NP , (NP Pa . )NP )NP -RRB- )PRN )NP (VP urged (NP (NP *UNK )NP (PP of (NP the judge )NP )PP )NP (PP in (NP (NP a brief )NP (VP *UNKED (PP to (NP his Senate colleagues )NP )PP (PP during (NP *UNK- *UNK )NP )PP )VP )NP )PP )VP . )S  STOP
(S (PP Among (NP other things )NP )PP , (NP the brief )NP (VP cited (NP *UNK evidence )NP )VP . )S  STOP
(S (NP Sen. *UNKC )NP (VP was (NP (NP vice chairman )NP (PP of (NP (NP the impeachment trial committee )NP (SBAR (WHNP that )WHNP (S (VP heard (NP evidence )NP (PP in (NP the Hastings case )NP )PP (NP last summer )NP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (S (NP A (NX (NX former prosecutor )NX and (NX (NX member )NX (PP of (NP the Senate *UNKC Committee )NP )PP )NX )NX )NP )S , (NP Sen. *UNKC )NP (VP is (VP expected (S (VP to (VP exercise (NP influence )NP (SBAR (WHADVP when )WHADVP (S (NP the Senate )NP (VP votes (PP on (NP the impeachment )NP )PP (NP today )NP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(NP *UNKC *UNKC : )NP  STOP
(S (NP (NP *UNKC partners )NP (PP in (NP (NP the (NAC Richmond , Va. , )NAC firm )NP (PP of (NP *UNKC , Russell , Morris & *UNKC )NP )PP )NP )PP )NP (VP announced (SBAR (S (NP they )NP (VP are (VP resigning )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP Five )NP (PP of (NP the partners )NP )PP )NP -- (NP (NP James W. Morris )NP , (NP Philip B. Morris )NP , (NP Robert M. White )NP , (NP Ann *UNKC Webster )NP and (NP *UNKC G. *UNKC )NP )NP -- )NP (VP are (VP opening (NP a *UNK )NP (PP in (NP Richmond )NP )PP (S (VP to (VP concentrate (PP on (NP corporate defense litigation )NP )PP , (PP (ADVP particularly )ADVP in (NP product liability cases )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The sixth partner )NP , (NP John H. *UNKC , Jr. )NP , )NP (VP is (VP joining (NP (NP *UNKC & Owen )NP , (NP (NP a smaller firm )NP (PP outside (NP Richmond )NP )PP )NP )NP )VP )VP . )S  STOP
(NP *UNKC *UNKC *UNKC : )NP  STOP
(S (NP (NP Nixon , *UNKC , *UNKC & *UNKC )NP , (VP based (PP in (NP (NP Rochester )NP , (NP N.Y. )NP )NP )PP )VP , )NP (VP has (VP opened (NP (NP an office )NP (PP in (NP (NP *UNKC )NP , (NP N.Y )NP )NP )PP )NP )VP )VP ... . )S  STOP
(S (NP (NP *UNKC , Brown & *UNKC )NP , (NP Chicago )NP , )NP (VP added (NP (NP two partners )NP )NP (PP to (NP its Houston office )NP )PP , (NP (NP *UNKC J. Roger Jr. )NP , and (NP Jeff C. *UNKC )NP )NP )VP ... . )S  STOP
(S (NP (NP *UNKC specialist Neil *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP writes (NP the monthly *UNKC Law Journal newsletter )NP )VP )S )SBAR , )NP (VP is (VP joining (NP *UNKC , *UNKC , Brown & *UNKC )NP )VP )VP . )S  STOP
(S (NP (NP New York Times Co. 's )NP third-quarter earnings report )NP (VP is (VP *UNKING (NP (NP analysts ' )NP belief (SBAR that (S (NP newspaper publishers )NP (VP will (VP be (VP facing (NP continued poor earnings comparisons )NP (PP through (NP 1990 )NP )PP )VP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP The publisher )NP (VP was (ADJP able (S (VP to (VP register (NP soaring quarter net income )NP (PP because of (NP (NP a *UNK gain )NP (PP on (NP (NP the sale )NP (PP of (NP its *UNK- system )NP )PP )NP )PP )NP )PP )VP )VP )S )ADJP )VP . )S  STOP
(S (ADVP However )ADVP , (NP operating profit )NP (VP fell (NP 35 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP The decline )NP (VP reflected (NP (NP (NP the expense )NP (PP of (S (VP buying (NP three magazines )NP )VP )S )PP )NP , (NP (NP lower earnings )NP (PP from (NP the forest-products group )NP )PP )NP , and (NP (SBAR (WHNP what )WHNP (S (VP is (VP proving (S (VP to (VP be (NP a *UNKING major problem )NP )VP )VP )S )VP )VP )S )SBAR , (NP (NP continued declines )NP (PP in (NP (NP advertising *UNK )NP (PP at (NP (NP the New York Times )NP , (NP (NP the company 's )NP flagship daily newspaper )NP )NP )PP )NP )PP )NP )NP )NP )VP . )S  STOP
(S (PP In (NP (NP composite trading )NP (PP on (NP the American Stock Exchange )NP )PP )NP )PP , (NP New York Times )NP (VP closed (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP , (ADVP down (NP 37.5 cents )NP )ADVP )VP . )S  STOP
(S (NP Analysts )NP (VP said (SBAR (S (NP (NP the company 's )NP troubles )NP (VP mirror (NP (NP those )NP (PP of (NP the industry )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC advertising )NP , (SBAR (WHNP which )WHNP (S (ADVP often )ADVP (VP represents (NP (NP half )NP (PP of (NP (NP the advertising volume )NP (PP at (NP most daily newspapers )NP )PP )NP )PP )NP )VP )S )SBAR , )NP (ADVP largely )ADVP (VP is n't (VP *UNKING (PP in (NP the second half )NP )PP (PP from (NP extended doldrums )NP )PP (SBAR as (S (VP expected )VP )S )SBAR )VP )VP . )S  STOP
(S (PP At (NP the same time )NP )PP , (NP newspapers )NP (VP are (VP *UNKED (PP by (NP lagging national advertising )NP )PP , (PP (ADVP especially )ADVP in (NP its financial component )NP )PP )VP )VP . )S  STOP
(S (NP Dow Jones & Co. )NP (ADVP recently )ADVP (VP reported (SBAR (S (NP net )NP (VP (VP fell (NP 9.9 % )NP )VP , (NP (NP a *UNK )NP (PRN , (PP in (NP part )NP )PP , )PRN (PP of (NP (NP continued softness )NP (PP in (NP financial advertising )NP )PP (PP at (NP (NP The Wall Street Journal )NP and (NP (NP *UNKC 's )NP magazine )NP )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP We )NP (VP expect (S (NP next year )NP (VP to (VP be (NP a fairly soft year )NP (PP in (NP *UNK- advertising )NP )PP )VP )VP )S )VP )S , '' (VP said )VP (NP (NP John *UNKC )NP , (NP (NP an analyst )NP (PP for (NP Lynch , Jones & *UNKC )NP )PP )NP )NP . )SINV  STOP
(S `` (S (NP Next year )NP , (NP earnings )NP (VP will (VP hold (S (ADJP steady )ADJP )S )VP )VP )S , but (S (NP we )NP (ADVP just )ADVP (VP do n't (VP see (NP (NP a big turnaround )NP (PP in (NP (NP the trend )NP (PP in (NP advertising )NP )PP )NP )PP )NP )VP )VP )S . '' )S  STOP
(S (NP (NP John S. *UNKC )NP , (NP (NP an analyst )NP (PP for (NP Drexel Burnham Lambert Inc. )NP )PP )NP , )NP (VP said , `` (S (S (NP The Times )NP (VP faces (NP (NP the same problem )NP (PP of (NP other publishers )NP )PP )NP )VP )S : (S (NP *UNK )NP (VP is (ADVP down )ADVP )VP )S )S )VP . )S  STOP
(S (NP (NP It )NP )NP (VP will (VP be (ADJP hard )ADJP (S (VP to (VP do (NP *UNK )NP )VP )VP )S (SBAR until (S (NP real *UNK )NP (VP starts (S (VP heading (ADVP back up )ADVP )VP )S )VP )S )SBAR )VP )VP . '' )S  STOP
(S (PP In (NP the quarterly report )NP )PP , (NP (NP Arthur *UNKC *UNKC )NP , (NP New York Times Co. (NX (NX chairman )NX and (NX chief executive officer )NX )NX )NP , )NP (VP said (SBAR (S (NP (NP negative factors )NP (VP affecting (NP third-quarter earnings )NP )VP )NP (VP will (VP continue )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Analysts )NP (VP agreed (PP with (NP company expectations )NP )PP (SBAR that (S (NP operating profit )NP (VP will (VP be (ADVP down )ADVP (UCP (NP this year )NP and (PP in (NP 1990 )NP )PP )UCP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP (NP the scheduled opening )NP (PP of (NP (NP a new *UNKING plant )NP (PP in (NP (NP Edison )NP , (NP N.J. )NP , )NP )PP )NP )PP (PP in (NP 1990 )NP )PP )NP (VP would (VP involve (NP heavy *UNK and depreciation costs )NP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (PP With (S (NP the Edison plant )NP (VP coming (PP on (NP line )NP )PP (NP next summer )NP )VP )S )PP , (NP the Times )NP (VP is (VP facing (NP (NP some tough earnings comparison )NP (PP in (NP the future )NP )PP )NP )VP )VP )S , '' (VP said )VP (NP (NP Peter *UNKC )NP , (NP (NP an analyst )NP (PP with (NP *UNKC Lawrence , Morgan Grenfell )NP )PP )NP )NP . )SINV  STOP
(S `` But (NP many newspapers )NP (VP are (VP facing (NP similar comparisons )NP )VP )VP . '' )S  STOP
(S (NP (NP The sale )NP (PP of (NP (NP the company 's )NP cable franchise )NP )PP )NP (VP brought (NP (NP an after-tax gain )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP , (SBAR (WHNP (WHNP part )WHNP (WHPP of (WHNP which )WHNP )WHPP )WHNP (S (VP will (VP be (VP used (S (VP to (VP reduce (NP debt )NP )VP )VP )S )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The company )NP (ADVP also )ADVP (VP has (NP a *UNK- plan )NP )VP . )S  STOP
(S (S (NP Analysts )NP (VP said (SBAR (S (NP they )NP (VP were (VP impressed (PP by (NP (NP the performance )NP (PP of (NP (NP (NP the company 's )NP newspaper group )NP , (SBAR (WHNP which )WHNP (S (VP consists (PP of (NP (NP the Times )NP , (NP 35 regional newspapers )NP and (NP (NP a one-third interest )NP (PP in (NP the International *UNKC *UNKC )NP )PP )NP )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S ; (S (NP (NP group operating profit )NP (PP for (NP the quarter )NP )PP )NP (VP increased (ADVP slightly )ADVP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP (PP on (NP flat revenue )NP )PP )VP )S . )S  STOP
(S (NP (NP Drexel Burnham 's )NP Mr. *UNKC )NP (VP pointed (PRT out )PRT (SBAR that `` (S (NP profits )NP (VP held (PRT up )PRT (PP in (NP a tough revenue environment )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP 's (NP a good sign )NP (SBAR (WHADVP when )WHADVP (S (NP profits )NP (VP are (ADJP stable )ADJP (PP during (NP (NP a time )NP (SBAR (S (NP revenue )NP (VP is (PP in (NP the trough )NP )PP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Investors )NP (VP *UNKED (NP (NP the second anniversary )NP (PP of (NP Black Monday )NP )PP )NP (PP with (NP (NP a buying spree )NP (PP in (NP both stocks and bonds )NP )PP )NP )PP )VP . )S  STOP
(S But (NP the dollar )NP (VP was (ADJP mixed )ADJP )VP . )S  STOP
(S (NP Stock and bond investors )NP (VP were (VP *UNKED (PP by (NP (NP last month 's )NP (ADJP *UNKLY low )ADJP inflation rate )NP )PP )VP )VP . )S  STOP
(S (NP This news )NP (VP raised (NP (NP hopes )NP (PP for (NP further interest-rate cuts )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC prices )NP (ADVP immediately )ADVP (VP rallied , (S (VP setting (S (NP the stock market )NP (VP rolling )VP )S (PP from (NP the opening bell )NP )PP )VP )S )VP . )S  STOP
(S (NP The Dow Jones Industrial Average )NP , (ADVP up (NP (QP about 60 )QP points )NP (PP in (NP *UNK- )NP )PP )ADVP , (VP finished (PP with (NP (NP a gain )NP (PP of (NP *UNKN points )NP )PP , (PP to (NP *UNKN )NP )PP )NP )PP )VP . )S  STOP
(S (NP That )NP (VP brought (NP (NP the average 's )NP cumulative gain )NP (NP this week )NP (PP to (NP (QP about *UNKN )QP points )NP )PP )VP . )S  STOP
(S (PP Since (NP the 1987 crash )NP )PP , (S (NP the industrials )NP (VP have (VP soared (NP (QP more than 54 )QP % )NP )VP )VP )S , and (S (NP the (ADJP widely watched )ADJP market *UNK )NP (VP is (PP (NP (QP about 4 )QP % )NP below (NP (NP its record high )NP (VP set (NP earlier this month )NP )VP )NP )PP )VP )S . )S  STOP
(S (NP The stock-market rally )NP (VP (VP was (VP led (PP by (NP blue-chip issues )NP )PP )VP )VP , but , (VP (PP unlike (NP (NP Monday 's )NP rebound )NP )PP , was (ADJP broadly based )ADJP )VP )VP . )S  STOP
(S (ADVP Indeed )ADVP , (NP (NP over-the-counter stocks )NP , (VP led (PP by (NP technology issues )NP )PP )VP , )NP (VP *UNKED (NP the industrial average )NP )VP . )S  STOP
(S (NP The Nasdaq Composite Index )NP (VP (VP soared (NP (NP 7.52 )NP , or (NP 1.6 % )NP , )NP (PP to (NP *UNKN )NP )PP )VP , (NP (NP its highest *UNK- jump )NP (PP in (NP points )NP )PP (NP this year )NP )NP )VP . )S  STOP
(S (NP Many *UNKED stocks )NP (VP rose (PP after (NP news (SBAR that (S (NP a group )NP (VP obtained (NP (NP financing commitments )NP (PP for (NP (NP the proposed buy-out )NP (PP of (NP American Medical International Inc )NP )PP )NP )PP )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(SINV (PP Among (NP the biggest winners )NP )PP (VP were )VP (NP *UNK- stocks )NP , (S (VP responding (PP to (NP heavy trading volume )NP )PP )VP )S . )SINV  STOP
(S (NP The government )NP (VP said (SBAR (S (NP consumer prices )NP (VP rose (NP (QP only 0.2 )QP % )NP (NP last month )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Economists )NP (VP expected (NP (QP twice as large )QP an increase )NP )VP . )S  STOP
(S (S (NP (NP That news )NP , (PP plus (NP (NP recent signs )NP (PP of (NP economic *UNK )NP )PP )NP )PP , )NP (ADVP greatly )ADVP (VP increases (NP (NP pressure )NP (PP on (NP the Federal Reserve )NP )PP (S (VP to (VP (VP ease (NP credit )NP (ADVP further )ADVP )VP , (SBAR (WHNP which )WHNP (S (PP in (NP turn )NP )PP (VP would (VP be (NP (NP good news )NP (PP for (NP stocks )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )NP )VP )S , (NP investment managers )NP (VP say )VP . )S  STOP
(SINV `` (S (S (NP I )NP (VP see (NP (NP a lot )NP (PP of (NP (NP evidence )NP (VP indicating (NP a slower economy )NP )VP )NP )PP )NP )VP )S , and (S (NP that )NP (VP means (SBAR (S (NP my interest-rate outlook )NP (VP has (NP a downward *UNK )NP )VP )S )SBAR )VP )S )S , '' (VP said )VP (NP (NP *UNKC L. Keith Jr. )NP , (NP (NP vice chairman )NP (PP of (NP (NP (NP Prudential Insurance Co. )NP (PP of (NP America )NP )PP )NP , (NP (NP one )NP (PP of (NP (NP the nation 's )NP largest institutional investors )NP )PP )NP )NP )PP )NP )NP . )SINV  STOP
(S (S (NP Fed officials )NP (ADVP probably )ADVP (VP wo n't (VP drive (ADVP down )ADVP (NP rates )NP (ADVP immediately )ADVP )VP )VP )S , (NP Mr. Keith )NP (VP said )VP . )S  STOP
(S (PP Despite (NP the inflation news )NP )PP , (NP several Fed officials )NP (ADVP still )ADVP (VP fear (SBAR (S (NP *UNK- pressures )NP (VP will (VP *UNK (SBAR because (S (NP they )NP (VP insist (SBAR (S (NP the economy )NP (VP is (ADJP (ADJP stronger )ADJP (SBAR than (S (ADVP generally )ADVP (VP believed )VP )S )SBAR )ADJP )VP )S )SBAR )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP Wall Street analysts )NP (VP expect (NP (NP further signs )NP (PP of (NP economic weakness )NP )PP (PP in (NP government reports )NP )PP )NP (PP during (NP the next few weeks )NP )PP )VP . )S  STOP
(S (SBAR If (FRAG (ADVP so )ADVP )FRAG )SBAR , (NP that )NP (VP will (VP *UNK (NP (NP the case )NP (PP for (NP (NP another shot )NP (PP of (NP *UNKING )NP )PP (PP within (NP a month or so )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP That )NP , (PP in (NP turn )NP )PP , (VP is (VP expected (S (VP to (VP persuade (NP banks )NP (S (VP to (VP cut (NP (NP their prime lending rate )NP , (NP (NP a benchmark rate )NP (PP on (NP many corporate and consumer loans )NP )PP )NP , )NP (PP by (NP half a percentage point )NP )PP , (PP to (NP 10 % )NP )PP )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP 're not (PP out (PP of (NP the *UNK )NP )PP )PP (ADVP yet )ADVP (PP by (NP any means )NP )PP )VP )S , '' (VP said )VP (NP (NP George R. *UNKC )NP , (NP (NP (NP president )NP and (NP chief executive )NP )NP (PP of (NP (NP *UNKC Capital Management Co. )NP , (NP Cleveland )NP )NP )PP )NP )NP . )SINV  STOP
(S But (NP the economy )NP `` (VP is (VP slowing (ADVP enough (SBAR (S (VP to (VP give (NP the Federal Reserve )NP (NP (NP *UNK )NP (SBAR (S (VP to (VP reduce (NP interest rates )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )ADVP )VP )VP . '' )S  STOP
(S But (NP many individual investors )NP (VP are (ADJP *UNK (PP about (NP stocks )NP )PP )ADJP (PP because of (NP (NP fresh signs )NP (PP of (NP (NP *UNK )NP (PP in (NP the huge junk-bond market )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Investors )NP (ADVP also )ADVP (VP are (ADJP anxious (PP about (NP (NP (NP today 's )NP `` *UNKING hour )NP , '' (NP (NP the monthly expiration )NP (PP of (NP (NP stock-index futures and options )NP , and (NP (NP options )NP (PP on (NP individual stocks )NP )PP )NP )NP )PP )NP )NP )PP )ADJP )VP . )S  STOP
(S (NP This phenomenon )NP (ADVP often )ADVP (VP makes (S (NP stock prices )NP (VP swing (ADVP wildly )ADVP (PP at (NP (NP the end )NP (PP of (NP the trading session )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (PP In (NP major market activity )NP )PP : (NP Stock prices )NP (VP surged (PP in (NP heavy trading )NP )PP )VP . )S  STOP
(S (NP (NP Volume )NP (PP on (NP the New York Stock Exchange )NP )PP )NP (VP rose (PP to (NP (QP *UNKN million )QP shares )NP )PP (PP from (NP (QP *UNKN million )QP )NP (NP Wednesday )NP )PP )VP . )S  STOP
(S (NP *UNKING Big Board issues )NP (VP *UNKED (NP decliners )NP (PP by (NP (NP *UNKN )NP to (NP *UNKN )NP )NP )PP )VP . )S  STOP
(S (NP The dollar )NP (VP was (ADJP mixed )ADJP )VP . )S  STOP
(S (PP In (NP New York )NP )PP (NP late yesterday )NP , (NP it )NP (VP was (PP at (NP *UNKN yen )NP )PP , (ADVP up (PP from (NP 141.45 yen )NP (NP late Wednesday )NP )PP )ADVP )VP . )S  STOP
(S But (NP it )NP (VP fell (PP to (NP 1.8470 marks )NP )PP (PP from (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP (NP (NP Tuesday 's )NP *UNK )NP (PP of (NP a GOP congressional *UNK )NP )PP (PP in (NP (NP a Mississippi district )NP (SBAR (WHNP that )WHNP (S (VP has n't (VP backed (NP a Democratic presidential candidate )NP (PP since (NP *UNKC *UNKC )NP )PP )VP )VP )S )SBAR )NP )PP )NP (VP is (NP another reminder (SBAR that , (S (PP (ADVP at least )ADVP at (NP the federal level )NP )PP , (NP political `` ticket *UNKING '' )NP (VP has (VP been (PP on (NP the rise )NP )PP (PP over (NP the past half century )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(SINV (PP In (NP (NP (QP only one )QP presidential election year )NP (ADVP prior (PP to (NP *UNKN )NP )PP )ADVP )NP )PP did (NP (NP (QP more than 20 )QP % )NP (PP of (NP (NP the nation 's )NP congressional districts )NP )PP )NP (VP choose (NP (NP (NP a different party 's )NP candidate )NP (PP for (NP the White House )NP )PP (PP than (PP for (NP (NP the House )NP (PP of (NP Representatives )NP )PP )NP )PP )PP )NP )VP . )SINV  STOP
(S (ADVP Now )ADVP (NP that percentage )NP (VP (VP (ADVP routinely )ADVP *UNK (NP a third )NP )VP and (VP (ADVP twice )ADVP has (VP been (PP above (NP 40 % )NP )PP )VP )VP )VP . )S  STOP
(S (SBAR As (S (NP we )NP (VP know )VP )S )SBAR , (NP voters )NP (VP tend (S (VP to (VP favor (NP Republicans )NP (ADVP (ADVP more )ADVP )ADVP (PP in (NP (NP *UNK )NP (PP for (NP president )NP )PP )NP )PP (PP than (PP in (NP (NP those )NP (PP for (NP Congress )NP )PP )NP )PP )PP )VP )VP )S )VP . )S  STOP
(S (PP In (NP (NP every presidential election )NP (PP over (NP the past half century )NP )PP , (PP except (PP for (NP the *UNKC presidential *UNK )NP )PP )PP , )NP )PP (NP the GOP )NP (VP has (VP captured (NP (NP a greater percentage )NP (PP of (NP (NP the *UNK- popular vote )NP (PP for (NP president )NP )PP )NP )PP (SBAR than (S (NP it )NP (VP has (FRAG (PP of (NP (NP congressional seats )NP or (NP (NP the popular vote )NP (PP for (NP Congress )NP )PP )NP )NP )PP )FRAG )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (ADVP *UNKC (PP to (NP *UNKN )NP )PP )ADVP , (NP the pattern )NP (VP was (ADVP nearly )ADVP (NP the opposite )NP )VP . )S  STOP
(SBARQ (WHNP What )WHNP (SQ (VP accounts (PP for (NP (NP the results )NP (PP of (NP recent decades )NP )PP )NP )PP )VP )SQ ? )SBARQ  STOP
(S (NP A simple economic theory )NP (VP may (VP provide (NP (NP (ADVP at least )ADVP a partial explanation )NP (PP for (NP (NP the split *UNK )NP (VP displayed (PP by (NP Americans )NP )PP (PP in (NP the voting *UNK )NP )PP )VP )NP )PP )NP )VP )VP . )S  STOP
(S (NP The theory )NP (VP relies (PP on (NP three assumptions )NP )PP )VP : )S  STOP
(S (LST 1 -RRB- )LST (NP *UNKC )NP (VP can (VP `` buy '' (NP (NP one )NP (PP of (NP (NP two brands )NP )NP )PP )NP (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP select (NP their political agents )NP )VP )S )SBAR -- (NP (NP (NP a Republican brand )NP (SBAR (WHNP that )WHNP (S (VP believes (PP (PP in (NP the *UNK state )NP )PP and (PP in (NP (NP the *UNK )NP (PP of (NP (NP private markets )NP (PP over (NP (NP the *UNK )NP (PP of (NP public action )NP )PP )NP )PP )NP )PP )NP )PP )PP )VP )S )SBAR )NP , and (NP (NP a Democratic brand )NP (SBAR (WHNP that )WHNP (S (VP believes (PP (PP in (NP big government )NP )PP and (PP in (NP public intervention (S (VP to (VP *UNK (NP (NP the *UNK )NP (ADJP *UNK (PP to (NP (NP the pursuit )NP (PP of (NP private interest )NP )PP )NP )PP )ADJP )NP )VP )VP )S )NP )PP )PP )VP )S )SBAR )NP )NP )VP )VP . )S  STOP
(S (LST 2 -RRB- )LST (NP Congressional representatives )NP (VP have (NP (NP two basic responsibilities )NP )NP (SBAR while (S (VP voting (PP in (NP office )NP )PP )VP )S )SBAR -- (S (VP (VP dealing (PP with (NP (NP national issues )NP (PRN -LRB- (NP (NP *UNK actions )NP (PP such as (S (VP casting (NP (NP roll call votes )NP (PP on (NP (NP legislation )NP (SBAR (WHNP that )WHNP (S (VP (VP *UNK (NP costs )NP )VP *UNK (VP *UNK (NP benefits )NP (PP on (NP (NP the population )NP (PP at (ADJP large )ADJP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP )S )PP )NP -RRB- )PRN )NP )PP )VP and (VP attending (PP to (NP (NP local issues )NP (PRN -LRB- (NP (NP constituency service )NP and (NP pork barrel )NP )NP -RRB- )PRN )NP )PP )VP )VP )S )VP . )S  STOP
(S (LST 3 -RRB- )LST (NP Republican congressional representatives )NP , (PP because of (NP (NP their belief )NP (PP in (NP a *UNK state )NP )PP )NP )PP , (VP are (ADJP (ADJP less willing (S (VP to (VP engage (PP in (NP local *UNKING )NP )PP )VP )VP )S )ADJP (SBAR than (SINV are (NP (NP Democratic members )NP (PP of (NP Congress )NP )PP )NP )SINV )SBAR )ADJP )VP . )S  STOP
(S (SBAR If (S (NP these assumptions )NP (VP hold )VP )S )SBAR , (NP (NP voters )NP (PP in (NP (NP *UNK )NP (PP for (NP Congress )NP )PP )NP )PP )NP (VP (VP face (SBAR (WHNP what )WHNP (S (PP in (NP economic theory )NP )PP (VP is (VP called (S (NP (NP a *UNK 's )NP *UNK )NP )S )VP )VP )S )SBAR )VP and (VP have (NP an incentive )NP , (PP at (NP the margin )NP )PP , (S (VP to (VP lean (NP Democratic )NP )VP )VP )S )VP )VP . )S  STOP
(UCP (SBAR If (S (NP they )NP (VP put (NP a Republican )NP (PP into (NP office )NP )PP )VP )S )SBAR , (SINV (CONJP not only )CONJP will (NP they )NP (VP acquire (NP (NP less )NP (PP in (NP (NP terms )NP (PP of (NP local benefits )NP )PP )NP )PP )NP )VP )SINV but (S (NP their selected legislator )NP (VP will (VP be (ADJP relatively *UNK (S (VP to (VP prevent (NP other legislators )NP (PP from `` (S (VP bringing (ADVP home )ADVP (NP the *UNK )NP '' (PP to (NP their *UNK *UNK )NP )PP )VP )S )PP )VP )VP )S )ADJP )VP )VP )S . )UCP  STOP
(S (NP Each legislator )NP , (PP after (NP all )NP )PP , (VP is (NP (NP (QP only one )QP )NP (PP out (PP of (NP *UNKN )NP )PP )PP )NP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP comes (PP to (NP national policy making )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP races )NP (PP for (NP the White House )NP )PP )NP )PP , (NP (NP a *UNK 's )NP incentive )NP , (PP at (NP the margin )NP )PP , (VP is (S (VP to (VP lean (NP Republican )NP )VP )VP )S )VP . )S  STOP
(S (SBAR Although (S (NP a GOP president )NP (VP may (VP limit (NP (NP local benefits )NP (PP to (NP (NP the *UNK 's )NP particular *UNK )NP )PP )NP )VP )VP )S )SBAR , (NP such a president )NP (VP is (ADVP also )ADVP (ADJP likely (S (VP to (VP be (ADJP more effective (PP at (S (VP *UNKING (NP (NP other *UNK )NP and (NP their legislators )NP )NP (PP from (S (VP bringing (ADVP home )ADVP (NP the local benefits )NP )VP )S )PP )VP )S )PP )ADJP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP (NP The individual *UNK 's )NP standing )NP (ADVP *UNKLY )ADVP (VP will (VP be (VP enhanced (PP through (NP lower taxes )NP )PP )VP )VP )VP . )S  STOP
(S (SBAR While (S (NP this theory )NP (VP is (ADJP *UNKLY simple )ADJP )VP )S )SBAR , (NP it )NP (VP appears (S (VP to (VP explain (NP several things )NP )VP )VP )S )VP . )S  STOP
(FRAG (ADVP First )ADVP , (SBAR (WHADVP why )WHADVP (S (NP ticket *UNKING )NP (VP has (VP (VP increased )VP and (VP taken (NP (NP the *UNK pattern )NP (SBAR (WHNP that )WHNP (S (NP it )NP (VP has )VP )S )SBAR )NP )VP (PP over (NP the past half century )NP )PP )VP )VP )S )SBAR : (S (ADVP *UNKC (PP to (NP (NP (NP the election )NP (PP of (NP Franklin *UNKC )NP )PP (PP as (NP president )NP )PP )NP and (NP (NP the *UNK )NP (PP of (NP the New *UNKC )NP )PP )NP )NP )PP )ADVP , (S (NP government )NP (VP *UNKED (NP a (ADJP much smaller )ADJP role )NP (PP in (NP society )NP )PP )VP )S and (S (NP (NP (NP the *UNK 's )NP *UNK problem )NP (VP *UNKING (NP voters )NP (PP in (NP (NP races )NP (PP for (NP Congress )NP )PP )NP )PP )VP )NP (VP was (ADJP considerably less severe )ADJP )VP )S )S . )FRAG  STOP
(S (S (ADVP Second )ADVP , (NP it )NP (VP explains (SBAR (WHADVP why )WHADVP (S (NP voters )NP (VP (VP hold (NP Congress )NP (PP in (NP *UNK )NP )PP )VP but (VP (ADVP generally )ADVP love (NP their own congressional representatives )NP )VP )VP )S )SBAR )VP )S : (S (NP (NP Any individual legislator 's )NP constituents )NP (VP appreciate (NP (NP (NP the specific benefits )NP (SBAR (WHNP that )WHNP (S (NP the legislator )NP (VP wins (PP for (NP them )NP )PP )VP )S )SBAR )NP but not (NP (NP the overall cost )NP (VP associated (PP with (S (NP every other legislator )NP (VP doing (ADVP *UNK )ADVP (PP for (NP his own constituency )NP )PP )VP )S )PP )VP )NP )NP )VP )S . )S  STOP
(S (ADVP Third )ADVP , (NP the theory )NP (VP suggests (SBAR (WHADVP why )WHADVP (S (NP (NP legislators )NP (SBAR (WHNP who )WHNP (S (VP pay (NP too much attention )NP (PP to (NP national policy making )NP )PP (ADVP relative (PP to (NP local *UNKING )NP )PP )ADVP )VP )S )SBAR )NP (VP have (NP lower security )NP (PP in (NP office )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP example )NP )PP , (NP (NP (NP *UNK- members )NP (PP of (NP the House )NP )PP )NP , (RRC (ADVP once )ADVP (NP (NP the (ADJP most vulnerable )ADJP )NP (PP of (NP *UNK )NP )PP )NP )RRC , )NP (VP have (VP become (ADJP virtually immune (PP to (NP defeat )NP )PP )ADJP )VP )VP . )S  STOP
(S (NP (NP The one exception )NP (PP to (NP this recent trend )NP )PP )NP (VP was (NP (NP the defeat )NP (PP of (NP (NP 13 )NP (PP of (NP (NP the 52 *UNK Republicans )NP (VP (VP brought (PP into (NP office )NP )PP (PP in (NP 1980 )NP )PP (PP by (NP the Reagan revolution )NP )PP )VP and (VP running (PP for (NP *UNK- )NP )PP (PP in (NP 1982 )NP )PP )VP )VP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (SBAR Because (S (NP these *UNK )NP (VP placed (NP (ADJP far more )ADJP emphasis )NP (PP on (NP (NP their *UNK role )NP -- (S (VP spreading (NP the Reagan revolution )NP )VP )S -- )NP )PP (PP in (NP national policy making )NP )PP )VP )S )SBAR , (NP they )NP (VP were (ADJP more vulnerable (PP to (NP defeat )NP )PP )ADJP )VP . )S  STOP
(S (ADVP *UNKC )ADVP , (NP the theory )NP (VP indicates (SBAR (WHADVP why )WHADVP (S (NP the Republican Party )NP (VP may (VP have (NP (NP a difficult time )NP (S (VP attracting (NP (NP viable candidates )NP (PP for (NP congressional office )NP )PP )NP )VP )S )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC candidates )NP (VP may (VP be (VP *UNKED (PP from (S (VP running )VP )S )PP (ADVP (ADVP less )ADVP )ADVP (PP by (NP the congressional salary )NP )PP (PP than (PP by (NP (NP the prospect )NP (PP of (NP (NP defeat )NP (PP at (NP (NP the hands )NP (PP of (NP a Democratic opponent )NP )PP )NP )PP )NP )PP )NP )PP )PP )VP )VP )VP . )S  STOP
(S (PP To (NP the extent (SBAR that (S (NP (NP potential Republican candidates )NP and (NP their financial *UNK )NP )NP (VP realize (SBAR that (S (NP (NP the congressional *UNK 's )NP dilemma game )NP (VP works (PP to (NP their disadvantage )NP )PP )VP )S )SBAR )VP )S )SBAR )NP )PP , (NP the Republican Party )NP (VP will (VP be (VP *UNKED (PP in (NP its attempts (S (VP to (VP field (NP (NP a competitive slate )NP (PP of (NP congressional candidates )NP )PP )NP )VP )VP )S )NP )PP )VP )VP )VP . )S  STOP
(S (ADVP Fifth )ADVP , (NP the theory )NP (VP may (VP provide (NP (NP (ADVP at least )ADVP a partial reason )NP (PP for (SBAR (WHADVP why )WHADVP (S (NP ticket *UNKING )NP (VP has (VP been (ADVP particularly )ADVP (VP *UNKED (PP in (NP the South )NP )PP )VP )VP )VP )S )SBAR )PP )NP )VP )VP . )S  STOP
(S (PP To (NP the extent (SBAR that (S (NP (NP Democratic legislators )NP (PP from (NP the South )NP )PP )NP (VP (VP have (VP held (NP (NP a disproportionate share )NP (PP of (NP power )NP )PP )NP (PP in (NP Congress )NP )PP (PP since (NP *UNKN )NP )PP )VP )VP and (VP have (VP been (ADJP able (S (VP to (VP *UNK (NP such clout )NP (PP into (NP (NP (ADJP relatively more )ADJP local benefits )NP (PP for (NP their *UNK *UNK )NP )PP )NP )PP )VP )VP )S )ADJP )VP )VP )VP )S )SBAR )NP )PP , (NP (NP voters )NP (PP in (NP the South )NP )PP )NP (VP have (VP had (NP an (ADJP especially strong )ADJP incentive (S (VP to (VP keep (NP such Democrats )NP (PP in (NP office )NP )PP )VP )VP )S )NP )VP )VP . )S  STOP
(S (ADVP Finally )ADVP , (NP the theory )NP (VP suggests (SBAR (WHADVP why )WHADVP (S (NP Republicans )NP (ADVP generally )ADVP (VP have (VP *UNKED (ADVP (ADVP better )ADVP )ADVP (PP in (NP Senate races )NP )PP (PP than (PP in (NP (NP campaigns )NP (PP for (NP the House )NP )PP )NP )PP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Since (S (S (NP local *UNKING )NP (VP matters (ADVP more )ADVP )VP )S and (S (NP national policy making )NP (VP matters (ADVP less )ADVP )VP )S (PP in (NP (NP the lower chamber )NP (PP of (NP Congress )NP )PP )NP )PP )S )SBAR , (NP this )NP (VP is (ADVP precisely )ADVP (NP (NP the pattern )NP (SBAR (S (NP one )NP (VP would (VP expect (SBAR if (S (NP Republicans )NP (VP are (ADJP (ADJP less willing (S (VP to (VP engage (PP in (NP local *UNKING )NP )PP )VP )VP )S )ADJP (PP than (NP their Democratic counterparts )NP )PP )ADJP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP . )S  STOP
(SQ Is (NP there )NP (NP (NP any *UNK support )NP (PP for (NP this theory )NP )PP )NP ? )SQ  STOP
(S (NP (NP Three pieces )NP (PP of (NP evidence )NP )PP )NP (VP *UNK (NP the key assumption (SBAR that (S (NP Democratic legislators )NP (VP are (ADJP (ADJP more willing (S (VP to (VP engage (PP in (NP local *UNKING )NP )PP )VP )VP )S )ADJP (PP than (NP their Republican colleagues )NP )PP )ADJP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP First )ADVP , (NP economists James Bennett and Thomas *UNKC )NP (VP find (SBAR that (S (NP GOP senators )NP (VP turn (PRT back )PRT (NP (NP (NP (QP roughly 10 )QP % )NP more )NP (PP of (NP their allocated personal staff budgets )NP )PP (SBAR than (S (NP Democrats )NP (VP do )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (PP To (NP the extent (SBAR that (S (NP (NP the primary duty )NP (PP of (NP personal staff )NP )PP )NP (VP involves (NP local benefit-seeking )NP )VP )S )SBAR )NP )PP , (NP this )NP (VP indicates (SBAR that (S (NP political philosophy )NP (VP leads (S (NP congressional Republicans )NP (VP to (VP pay (NP (NP less attention )NP (PP to (NP narrow *UNK concerns )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (ADVP Second )ADVP , (SBAR if (S (NP the key assumption )NP (VP is (ADJP valid )ADJP )VP )S )SBAR , (NP Democrats )NP (VP should (VP have (NP (NP lower attendance rates )NP (PP on (NP *UNK- votes )NP )PP (SBAR than (S (NP Republicans )NP (VP do )VP )S )SBAR )NP (PP to (NP the extent (SBAR (SBAR that (S (NP such votes )NP (VP reflect (NP national policy making )NP )VP )S )SBAR and (SBAR that (S (S (VP participating (PP in (NP such votes )NP )PP )VP )S (VP takes (PRT away )PRT (PP from (NP (NP the time )NP (SBAR (S (NP a legislator )NP (VP could (ADVP otherwise )ADVP (VP *UNK (PP to (NP local benefit-seeking )NP )PP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP This )NP (VP is (ADVP indeed )ADVP (SBAR (WHNP what )WHNP (S (NP the data )NP (VP indicate , (PP (ADVP particularly )ADVP in (NP (NP the case )NP (PP of (NP the House )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The Democratic House attendance rate )NP (VP has not (VP exceeded (NP the Republican House attendance rate )NP (PP since (NP *UNKN )NP )PP )VP )VP . )S  STOP
(S (ADVP Finally )ADVP , (SBAR as (S (VP shown (PP in (NP the table )NP )PP )VP )S )SBAR , (NP Democrats )NP (VP *UNK (NP (NP a higher proportion )NP (PP of (NP their personal staffs )NP )PP )NP (PP to (NP (NP district offices )NP -- (SBAR (WHADVP where )WHADVP (S (S (NP local benefit-seeking duties )NP (VP matter (ADVP more )ADVP )VP )S and (S (NP national policy making activities )NP (VP matter (ADVP less )ADVP )VP )S (ADVP relative (PP to (NP Washington offices )NP )PP )ADVP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP An examination )NP (PP of (NP (NP changes )NP (PP in (NP personal *UNKING decisions )NP )PP (PP in (NP the Senate )NP )PP (PP between (NP 1986 and 1987 )NP )PP (PRN -LRB- (SBAR (WHADVP when )WHADVP (S (NP (NP control )NP (PP of (NP that body )NP )PP )NP (VP changed (NP party hands )NP )VP )S )SBAR -RRB- )PRN )NP )PP )NP , (ADVP *UNK )ADVP , (VP *UNK (SBAR that (S (NP (NP the personal *UNKING differences )NP (VP noted (PP in (NP the table )NP )PP )VP )NP (VP can not (VP be (VP attributed (PP to (NP (NP the disproportionate control )NP (SBAR (S (NP Democrats )NP (VP exercise , (PP due to (NP their *UNK- status )NP )PP , (PP over (NP (NP other resources )NP (PP such as (NP committee staff )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(FRAG (NP (NP An additional piece )NP (PP of (NP evidence )NP )PP (PP from (NP the Senate )NP )PP )NP : (S (S (VP Holding (S (NP (NP other factors )NP )NP (ADJP constant )ADJP )S , (PP such as (NP (NP *UNK advantages )NP and (NP regional factors )NP )NP )PP )VP )S , (NP (NP the difference )NP (PP between (NP (NP popular votes )NP (PP for (NP Republican (ADJP presidential and *UNK )ADJP candidates )NP )PP )NP )PP (PP in (NP (NP states )NP (VP conducting (NP a Senate election )NP )VP )NP )PP )NP (VP turns (PRT out )PRT (S (VP to (VP be (NP (NP a positive function )NP (PP of (SBAR (WHADJP how *UNK )WHADJP (S (NP (NP the federal government 's )NP tax burden )NP (VP is (PP per (NP state )NP )PP )VP )S )SBAR )PP )NP (PRN -LRB- (S (NP a *UNK tax rate )NP (VP hits (NP *UNK- states )NP (ADVP harder )ADVP )VP )S -RRB- )PRN )VP )VP )S )VP )S . )FRAG  STOP
(S (S (VP Put (ADVP more simply )ADVP )VP )S , (NP (NP GOP candidates )NP (PP for (NP president )NP )PP )NP (VP are (VP looked (PP on )PP (ADVP (ADVP more *UNKLY )ADVP )ADVP (PP by (NP voters )NP )PP (PP than (NP (NP Republican candidates )NP (PP for (NP the Senate )NP )PP )NP )PP (SBAR (WHADVP when )WHADVP (S (NP (NP the *UNK 's )NP dilemma )NP (VP is (ADJP more severe )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP ticket *UNKING )NP (VP appears (S (VP to (VP take (NP (NP the same *UNK pattern )NP )NP (PP at (NP the state government level )NP )PP (SBAR as (S (NP it )NP (VP does (PP at (NP the federal level )NP )PP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP State government )NP (VP is (ADVP (ADVP more typically )ADVP )ADVP (VP split (PP along (NP *UNKC lines )NP )PP (PP than (NP the reverse )NP )PP )VP )VP . )S  STOP
(S (NP A *UNK- *UNK investigation )NP , (ADVP *UNK )ADVP , (VP *UNK (SBAR that , (S (S (VP holding (S (NP other factors )NP (ADJP constant )ADJP )S )VP )S , (NP (NP the difference )NP (PP between (NP (S (NP (NP a state 's )NP *UNK- vote )NP (VP going (PP to (NP the Republican *UNK candidate )NP )PP )VP )S and (NP (NP the Republican share )NP (PP of (NP the lower state house )NP )PP )NP )NP )PP )NP (VP is (NP (NP a positive function )NP (PP of (NP the state tax rate )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP sum )NP )PP , (PP at (NP both the (UCP federal and state )UCP government levels )NP )PP (NP (NP (ADVP at least )ADVP part )NP (PP of (NP (NP the (ADJP seemingly *UNK )ADJP behavior )NP (SBAR (S (NP voters )NP (VP display (PP in (NP the voting *UNK )NP )PP )VP )S )SBAR )NP )PP )NP (VP may (VP have (NP an (ADJP *UNKLY rational )ADJP explanation )NP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP teaches (PP at (NP (NP (NP the University )NP (PP of (NP Southern California )NP )PP 's )NP business school )NP )PP )VP . )S  STOP
(S (NP A House-Senate conference )NP (VP approved (NP (NP a (ADJP (QP nearly $ 17 billion )QP )ADJP State , Justice and Commerce Department bill )NP (SBAR (WHNP that )WHNP (S (VP makes (S (NP (NP federal *UNK )NP (PP for (NP (NP *UNKC )NP (VP held (PP in (NP World War II *UNK camps )NP )PP )VP )NP )PP )NP (NP a legal *UNK )NP (PP after (NP next Oct. 1 )NP )PP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP The measure )NP (VP provides (NP (NP no money )NP (PP for (NP the promised payments )NP )PP )NP (PP until (NP then )NP )PP )VP )S , but (S (PP beginning (PP in (NP fiscal 1991 )NP )PP )PP , (NP the government )NP (VP would (VP be (ADJP committed (PP to (S (VP meeting (NP (NP annual payments )NP (PP of (NP (QP as much as $ 500 million )QP )NP )PP )NP (SBAR until (S (NP (NP the total liability )NP (PP of (NP (QP approximately $ 1.25 billion )QP )NP )PP )NP (VP is (VP paid )VP )VP )S )SBAR )VP )S )PP )ADJP )VP )VP )S . )S  STOP
(S (NP The action )NP (VP (VP *UNK (NP earlier efforts (S (VP to (VP find (NP (NP offsetting cuts )NP (SBAR (S (VP to (VP fund (NP the payments )NP )VP )VP )S )SBAR )NP )VP )VP )S )NP )VP , but (VP is (ADVP widely )ADVP (VP seen (PP as (NP (NP a (ADJP more realistic )ADJP means )NP (PP of (S (VP *UNKING (NP (NP *UNK )NP (VP (ADVP first )ADVP authorized (PP in (NP 1988 )NP )PP )VP )NP )VP )S )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP The action )NP (VP came (SBAR as (S (NP Congress )NP (VP sent (PP to (NP President Bush )NP )PP (NP (NP a fiscal 1990 bill )NP (VP providing (NP an estimated (QP $ *UNKN billion )QP )NP (PP for (NP (NP the *UNKC )NP (PP of (NP (NP Labor )NP , (NP Education )NP , (NP (NP Health )NP and (NP Human Services )NP )NP )NP )PP )NP )PP )VP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC approval )NP (VP was (PP on (NP (NP a *UNKN roll call )NP (PP in (NP the Senate )NP )PP , (SBAR (WHNP which )WHNP (S (VP sets (NP (NP the stage )NP (PP for (NP (NP a veto confrontation )NP (PP with (NP Mr. Bush )NP )PP (PP over (NP (NP the issue )NP (PP of (NP (NP publicly financed abortions )NP (PP for (NP poor women )NP )PP )NP )PP )NP )PP )NP )PP )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (S (S (VP *UNKING (NP an *UNK- federal policy )NP )VP )S , (NP the measure )NP (VP supports (NP (NP Medicaid abortions )NP (PP in (NP (NP cases )NP (PP of (NP rape and incest )NP )PP )NP )PP )NP )VP )S , but (S (NP Mr. Bush )NP (VP has (ADVP so far )ADVP (VP refused (S (VP to (VP support (NP (NP any specific exemption )NP (PP beyond (NP (NP *UNK )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP (NP the mother 's )NP life )NP (VP is (PP in (NP danger )NP )PP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP )VP )S . )S  STOP
(S (S (NP (NP Mr. Bush 's )NP veto power )NP (VP puts (NP him )NP (X (NP a *UNKING position )NP )X (PP in (NP the narrowly divided House )NP )PP )VP )S , but (S (NP a vote (S (VP to (VP override (NP his position )NP )VP )VP )S )NP (VP could (ADVP well )ADVP (VP pick (PRT up )PRT (NP new support )NP (PP because of (NP (NP the wealth )NP (PP of (NP (NP health and education programs )NP (VP financed (PP in (NP the underlying bill )NP )PP )VP )NP )PP )NP )PP )VP )VP )S . )S  STOP
(S (NP (NP The measure )NP (RRC (PP before (NP the conference )NP )PP (NP yesterday )NP )RRC )NP (VP funds (NP (NP the *UNKC )NP (PP of (NP State , Justice and Commerce )NP )PP )NP (PP through (NP fiscal 1990 )NP )PP )VP . )S  STOP
(S (S (NP (NP An estimated (QP $ *UNKN billion )QP )NP )NP (VP is (VP provided (PP for (NP (NP next year 's )NP *UNK )NP )PP )VP )VP )S , and (S (NP negotiators )NP (VP stripped (NP (NP a *UNKED *UNK )NP (VP seeking (S (VP to (VP block (NP (NP the counting )NP (PP of (NP illegal *UNK )NP )PP )NP )VP )VP )S )VP )NP )VP )S . )S  STOP
(S (ADVP Elsewhere (PP in (NP the Commerce Department )NP )PP )ADVP , (NP (NP (QP nearly $ *UNKN million )QP )NP )NP (VP is (VP *UNKED (PP for (NP (NP assistance programs )NP (PP under (NP the Economic Development Administration )NP )PP )NP )PP )VP )VP . )S  STOP
(S And (PP in (NP (NP a *UNK )NP (PP to (NP (NP the fall )NP (PP of (NP House Speaker James Wright )NP )PP (NP this year )NP )NP )PP )NP )PP , (NP the conference )NP (VP voted (S (VP to (VP *UNK (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP *UNK *UNKC funds )NP )PP (PP for (NP (NP a (NAC Fort Worth , Texas , )NAC *UNK project )NP (SBAR (WHNP that )WHNP (S (VP figured (PP in (NP (NP ethics charges )NP (PP against (NP the former Democratic leader )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (S (NP *UNKC pressures )NP (ADVP also )ADVP (VP forced (NP (NP the adoption )NP (PP of (NP (NP new fees )NP (VP charged (PP by (NP federal agencies )NP )PP )VP )NP )PP )NP )VP )S , and (S (NP (NP an (ADJP 18 % )ADJP increase )NP (PP in (NP (NP the Securities and Exchange Commission 's )NP budget )NP )PP )NP (VP would (VP be (VP financed (ADVP entirely )ADVP (PP by (NP (NP an added (QP $ 26 million )QP )NP (PP in (NP filing fees )NP )PP )NP )PP )VP )VP )VP )S . )S  STOP
(S (PP In (NP an unprecedented step )NP )PP , (NP the measure )NP (VP anticipates (NP (NP another (QP $ 30 million )QP )NP (PP in (NP receipts )NP )PP )NP (PP by (S (VP having (S (NP (NP the Federal Bureau )NP (PP of (NP Investigation )NP )PP )NP (VP (VP charge (PP for (NP *UNK services )NP )PP (PP in (NP civil cases )NP )PP )VP -- (NP (NP a change )NP (SBAR (WHNP that )WHNP (S (VP is (ADJP almost certain (S (VP to (VP increase (NP (NP Pentagon costs )NP (PP in (S (VP processing (NP personnel and security *UNK )NP )VP )S )PP )NP )VP )VP )S )ADJP )VP )S )SBAR )NP )VP )S )VP )S )PP )VP . )S  STOP
(S (NP The bill )NP (VP does n't (VP include (NP (NP an estimated (QP $ 1.9 billion )QP )NP (PP in (NP (NP *UNK *UNK- funds )NP (PP for (NP (UCP Justice Department and *UNK- )UCP accounts )NP )PP (SBAR (WHNP that )WHNP (S (VP are (ADVP still )ADVP (PP in (NP (NP conference )NP (PP with (NP the House )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S But (NP (NP yesterday 's )NP agreement )NP (VP would (VP make (S (NP (NP it )NP )NP (ADJP easier )ADJP (SBAR for (S (NP state governments )NP (VP to (VP handle (NP the promised aid )NP )VP )VP )S )SBAR )S (PP by (S (VP *UNKING (PP for (NP one year )NP )PP (NP (NP a scheduled (ADJP 50 % )ADJP increase )NP (PP in (NP (NP the required state matching funds )NP (PP for (NP *UNK- grants )NP )PP )NP )PP )NP )VP )S )PP )VP )VP . )S  STOP
(S (ADVP Similarly )ADVP , (NP the measure )NP (VP *UNK (NP the current funding formula )NP (S (VP to (VP promise (NP (NP smaller states )NP (PP such as (NP (NP New Hampshire )NP and (NP Delaware )NP )NP )PP )NP (NP (NP a minimum allocation )NP (PP of (NP (NP (NP (QP $ 1.6 million )QP )NP (NP each )NP (PP in (NP drug grants )NP )PP )NP , or (NP (QP three times )QP the current minimum )NP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (S (NP (NP The odd mix )NP (PP of (NP departments )NP )PP (PP in (NP the bill )NP )PP )NP (VP makes (S (NP it )NP (NP (NP one )NP (PP of (NP (NP the (ADJP more *UNK )ADJP )NP (PP of (NP the annual appropriations measures )NP )PP )NP )PP )NP )S )VP )S , and (S (NP (NP the *UNKED provisions )NP (VP attached (PP by (NP lawmakers )NP )PP )VP )NP (VP run (PP (PP from (NP (NP (QP $ 1.5 million )QP )NP (PP for (NP (NP a fish farm )NP (PP in (NP Arkansas )NP )PP )NP )PP )NP )PP (PP to (NP (NP a music *UNK )NP (PP in (NP Moscow )NP )PP (PP under (NP the United States Information Agency )NP )PP )NP )PP )PP )VP )S . )S  STOP
(S (NP Lawmakers )NP (VP (VP scrapped (NP (NP all )NP (PP of (NP (NP a (ADJP (QP $ 7.4 million )QP )ADJP State Department request )NP (PP for (NP (NP the 1992 *UNKC )NP (PP in (NP (NP *UNKC )NP , (NP Spain )NP )NP )PP )NP )PP )NP )PP )NP )VP , but (VP agreed (ADVP elsewhere )ADVP (PP to (NP (NP $ 15,000 )NP (PP for (NP (NP an oil *UNK )NP (PP of (NP former Chief Justice Warren Burger )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Senate Commerce Committee Chairman *UNKC *UNKC )NP (PRN -LRB- (NP (NP D. )NP , (NP S.C. )NP )NP -RRB- )PRN , (SBAR (WHNP who )WHNP (S (ADVP also )ADVP (VP chairs (NP the Senate appropriations subcommittee )NP (PP for (NP the department )NP )PP )VP )S )SBAR , )NP (VP attached (NP (NP (QP $ 10 million )QP )NP (PP for (NP (NP an advanced technology initiative )NP , (PP including (NP (NP work )NP (PP on (NP high-definition television )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP His Republican counterpart )NP , (NP (NP Sen. Warren *UNKC )NP (PRN -LRB- (NP (NP R. )NP , (NP *UNKC )NP )NP -RRB- )PRN )NP , )NP (VP has (VP used (NP his position )NP (S (VP to (VP wage (NP a legislative war )NP (PP with (NP (NP the conservative board )NP (PP of (NP the Legal Services Corp )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP An estimated (QP $ *UNKN million )QP )NP (VP is (VP provided (S (VP to (VP maintain (NP the program )NP )VP )VP )S )VP )VP )S , but (S (NP Mr. *UNKC )NP (ADVP also )ADVP (VP succeeded (PP in (S (VP *UNKING (NP (NP language )NP (VP seeking (S (VP to (VP curb (NP (NP the authority )NP (PP of (NP the current board )NP )PP )NP (SBAR until (S (NP new members )NP (VP are (VP confirmed )VP )VP )S )SBAR )VP )VP )S )VP )NP )VP )S )PP )VP )S . )S  STOP
(S (S (NP (NP The effective date )NP (PP of (NP (NP any new regulations )NP (PP by (NP the current board )NP )PP )NP )PP )NP (VP would (VP be (VP delayed (PP until (NP (NP Oct. 1 )NP (NP next year )NP )NP )PP )VP )VP )VP )S , and (S (NP the bill )NP (VP seeks (S (VP to (VP reverse (NP (NP efforts )NP (PP by (NP the corporation )NP )PP (S (VP to (VP cut (PRT off )PRT (NP (NP funds )NP (PP to (NP (NP service organizations )NP (PP such as (NP the Food Research and *UNKC Center )NP )PP )NP )PP )NP )VP )VP )S )NP )VP )VP )S )VP )S . )S  STOP
(S (NP The bill )NP (ADVP also )ADVP (VP provides (NP (NP (NP (QP $ *UNKN million )QP )NP (SBAR (S (VP to (VP meet (NP (NP U.S. contributions )NP (PP to (NP international organizations )NP )PP )NP )VP )VP )S )SBAR )NP and (NP (NP (QP $ 80 million )QP )NP (PP for (NP *UNKING activities )NP )PP )NP )NP )VP . )S  STOP
(S (NP Both accounts )NP (VP reflect (NP (NP significant increases )NP (PP from (NP fiscal 1989 )NP )PP )NP , (SBAR although (S (NP (NP the amount )NP (PP for (NP *UNKING )NP )PP )NP (VP shows (NP (NP a (ADJP 27 % )ADJP cut )NP (PP from (NP (NP the administration 's )NP request )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Mercury Savings & Loan Association )NP (VP said (SBAR (S (NP it )NP (VP retained (NP Merrill Lynch Capital Markets )NP (PP as (NP (NP its lead investment banker )NP (SBAR (S (VP to (VP advise (NP it )NP (PP regarding (NP (NP a possible (NX (NX sale )NX or (NX other combination )NX )NX )NP (PP of (NP the (NAC *UNKC Beach , Calif. , )NAC thrift )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Mercury )NP , (SBAR (WHNP which )WHNP (S (VP has (NP (NP (NP assets )NP (PP of (NP (QP more than $ 2 billion )QP )NP )PP )NP and (NP (NP 24 branches )NP (PP in (NP California )NP )PP )NP )NP )VP )S )SBAR , )NP (VP said (SBAR (S (NP the action (S (VP to (VP improve (NP its regulatory capital position )NP )VP )VP )S )NP (VP is (VP related (ADVP directly )ADVP (PP to (NP (NP new capital requirements )NP (VP mandated (PP by (NP (ADJP recently adopted )ADJP federal legislation )NP )PP )VP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mercury )NP (ADVP also )ADVP (VP said (SBAR (S (NP it )NP (VP extended (NP (NP its two-year advisory relationship )NP (PP with (NP (NP Montgomery Securities )NP (PP of (NP San Francisco )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Mercury 's )NP stock )NP (VP closed (NP yesterday )NP (PP at (NP $ 4.875 )NP )PP , (ADJP unchanged )ADJP (PP in (NP (NP composite trading )NP (PP on (NP the New York Stock Exchange )NP )PP )NP )PP )VP . )S  STOP
(S (S (VP *UNKING (S (NP Congress )NP (VP sweat and *UNK (PP through (NP its annual budget *UNK )NP )PP , (S (VP fighting (NP the urge (S (VP to (VP spend (NP more )NP )VP )VP )S )NP )VP )S )VP )S )VP )S , (NP we )NP (VP 're (VP *UNKED (PP of (NP (NP those *UNK- movies )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP the *UNKED *UNK *UNK )NP (VP (VP turns (NP himself )NP (PRT in )PRT (PP to (NP police )NP )PP )VP and (VP says , `` (S (VP *UNKC (NP me )NP (SBAR before (S (NP I )NP (VP kill (ADVP again )ADVP )VP )S )SBAR )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP . '' )S  STOP
(S (S (NP The Members )NP (VP know (SBAR (S (NP they )NP (VP 're (VP doing (NP wrong )NP )VP )VP )S )SBAR )VP )S , but (S (NP they )NP (VP need (NP help )NP (S (VP to (VP restrain (NP their *UNK *UNK )NP )VP )VP )S )VP )S . )S  STOP
(S (S (NP Arkansas Democrat David *UNKC )NP (VP *UNKED (NP his *UNK )NP (PP on (NP the Senate floor )NP )PP (NP the other day )NP (SBAR after (S (NP he )NP (VP 'd (VP joined (NP (NP the Finance Committee 's )NP *UNKING pork-barrel *UNK )NP )VP )VP )S )SBAR )VP )S : `` (S (NP I )NP (VP must (VP tell (NP you )NP )VP )VP )S ... )S  STOP
(S (NP I )NP (VP come (PP to (NP the floor )NP )PP (NP tonight )NP (PP as (NP (NP one )NP (SBAR (WHNP who )WHNP (S (VP ended (PRT up )PRT (PP with (NP (NP a *UNK )NP (PP of (NP *UNK matter )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP It )NP (VP was (NP (NP (NP nothing )NP (ADJP (ADJP more )ADJP )ADJP )NP or (NP (NP nothing )NP (ADJP (ADJP less )ADJP )ADJP )NP (PP than (NP a *UNKING *UNK )NP )PP )NP )VP . '' )S  STOP
(S (NP He )NP (VP was (VP turning (NP himself )NP (PRT in )PRT )VP )VP . )S  STOP
(S `` (S (ADVP *UNKLY )ADVP , (SBAR as (S (NP I )NP (VP was (VP walking (ADVP back )ADVP (S (VP to (VP get (PP in (NP my car )NP )PP )VP )VP )S )VP )VP )S )SBAR , (NP I )NP (VP heard (S (NP many , many people )NP ... (VP (VP opening (NP *UNK *UNK )NP )VP and (VP *UNKING (NP (NP individual *UNK )NP (SBAR (WHNP that )WHNP (S (NP (NP some )NP (PP of (NP us )NP )PP )NP (VP had (VP *UNKED (PP in (S (VP (VP getting (NP our little deal )NP (PP in (NP the tax bill )NP )PP )VP and (VP *UNKING (PP at (NP this person )NP )PP (PP for (S (VP slipping (NP this )NP (PRT in )PRT )VP )S )PP )VP )VP )S )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S `` (SBAR As (S (NP I )NP (VP was (VP driving (ADVP home )ADVP )VP )VP )S )SBAR , (NP I )NP (VP did not (VP feel (ADJP very good (PP about (NP myself )NP )PP )ADJP )VP )VP . '' )S  STOP
(S (NP We )NP (VP can (VP *UNK (NP (NP (NP Mr. *UNKC 's )NP moment )NP (PP of (NP *UNK )NP )PP )NP , (SBAR even as (S (NP we )NP (VP understand (SBAR that (S (NP (NP he )NP and (NP his *UNK )NP )NP (VP need (NP restraint )NP (SBAR *UNK (S (NP they )NP (VP kill (ADVP again )ADVP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP A good place )NP (SBAR (S (VP to (VP start (NP the *UNK )NP )VP )VP )S )SBAR )NP (VP is (NP (NP a `` legislative line-item veto '' bill )NP (VP (ADVP now )ADVP being (VP offered (PP by (NP Indiana Senator Dan *UNKC )NP )PP )VP )VP )NP )VP . )S  STOP
(S (NP (NP The *UNKC bill )NP , (SBAR (WHNP which )WHNP (S (ADVP already )ADVP (VP has (NP 32 Senate *UNK- )NP )VP )S )SBAR , )NP (VP is n't (NP a pure line-item veto )NP (SBAR because (S (NP it )NP (VP would (VP apply (ADVP only )ADVP (PP to (NP spending bills )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Instead )ADVP (NP it )NP (VP 's (NP (NP a form )NP (PP of (NP `` (NP enhanced *UNK )NP , '' (VP giving (NP a President )NP (NP a chance (S (VP to (VP *UNK , or strike , (NP (NP specific spending items )NP (SBAR (WHNP that )WHNP (S (ADVP just )ADVP (VP go (ADVP too far )ADVP )VP )S )SBAR )NP )VP )VP )S )NP )VP )NP )PP )NP )VP . )S  STOP
(FRAG (S (PP Under (NP the proposal )NP )PP , (NP a President )NP (VP would (VP have (NP a chance )NP (ADVP (ADVP twice )ADVP (NP each year )NP )ADVP (S (VP to (VP return (NP (NP a package )NP (PP of `` (NP *UNK )NP '' )PP )NP (PP to (NP the Hill )NP )PP )VP )VP )S )VP )VP )S -- (FRAG (FRAG (ADVP once )ADVP (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP proposes (NP his budget )NP )VP )S )SBAR )FRAG and (FRAG (ADVP again )ADVP (SBAR after (S (NP Congress )NP (VP *UNK )VP )S )SBAR )FRAG )FRAG . )FRAG  STOP
(S (S (NP Congress )NP (VP would (VP have (NP (NP 20 days )NP (SBAR (S (VP to (VP reject (NP the package )NP (PP with (NP a (ADJP 50 % )ADJP majority )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S , but (S (ADVP then )ADVP (NP a President )NP (VP could (VP veto (NP that rejection )NP )VP )VP )S . )S  STOP
(S (NP Congress )NP (VP would (ADVP then )ADVP (VP need (NP (NP the usual two-thirds majority )NP (SBAR (S (VP to (VP override (NP any veto )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP The proposal )NP (VP would (VP restore (NP (NP some discipline )NP (VP *UNKED (PP from (NP the budget process )NP )PP (PP by (NP the 1974 Budget `` Reform '' Act )NP )PP )VP )NP )VP )VP . )S  STOP
(S (PP Before (NP 1974 )NP )PP , (NP a President )NP (VP could (VP `` (VP *UNK )VP , '' or (VP refuse (S (VP to (VP spend )VP )VP )S )VP , (NP (NP funds )NP (VP *UNKED (PP by (NP Congress )NP )PP )VP )NP )VP )VP . )S  STOP
(S (S (NP *UNKC Kennedy and Johnson )NP (VP were both (NP (NP big users )NP (PP of (NP the *UNK power )NP )PP )NP )VP )S , but (S (NP Congress )NP (VP (VP saw (NP (NP its chance )NP (PP against (NP a weakened President Nixon )NP )PP )NP )VP and (VP stripped (NP it )NP (PRT away )PRT )VP )VP )S . )S  STOP
(S (NP Today )NP (S (NP a President )NP (VP can (ADVP still )ADVP (VP send (PRT up )PRT (NP spending *UNK )NP )VP )VP )S , but (S (NP they )NP (VP 're (ADJP *UNK )ADJP (SBAR unless (S (NP Congress )NP (VP (VP has (NP a guilty *UNK )NP )VP and (VP changes (NP its mind )NP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (S (NP This )NP (VP is (PP like (S (VP asking (NP *UNK )NP (S (VP to (VP feel (NP *UNK )NP (PP about (NP *UNK )NP )PP )VP )VP )S )VP )S )PP )VP )S , and (S (ADVP naturally )ADVP (NP *UNK )NP (VP are (ADVP almost never )ADVP (VP approved )VP )VP )S . )S  STOP
(S (S (PP In (NP 1987 )NP )PP , (NP President Reagan )NP (VP sent (NP 73 *UNK )NP (ADVP back (PP to (NP the Hill )NP )PP )ADVP )VP )S , but (S (NP (NP (QP only 3 )QP % )NP (PP of (NP the spending total )NP )PP )NP (VP was (VP approved (PP by (NP Congress )NP )PP )VP )VP )S . )S  STOP
(S (NP (NP Senator *UNKC 's )NP proposal )NP (VP would (VP let (S (NP the proposed spending cuts )NP (VP take (NP place )NP (ADVP automatically )ADVP (SBAR unless (S (NP Congress )NP (VP acts )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(S (S (NP The Members )NP (VP could (ADVP still )ADVP (VP try (S (VP to (VP serve (NP their constituents )NP (PP with (NP *UNK- *UNK )NP )PP )VP )VP )S )VP )VP )S , but (S (NP (NP the police )NP (PRN -LRB- (PP in (NP (NP the form )NP (PP of (NP a President )NP )PP )NP )PP -RRB- )PRN )NP (VP would (VP be (ADVP there )ADVP (PP with (NP a *UNK )NP )PP (SBAR if (S (NP they )NP (ADVP really )ADVP (VP get (ADJP crazy )ADJP , (SBAR as (S (NP they )NP (VP do (ADVP now )ADVP )VP )S )SBAR )VP )S )SBAR )VP )VP )S . )S  STOP
(S (NP Mr. *UNKC )NP (VP plans (S (VP to (VP offer (NP his proposal )NP (PP as (NP (NP an amendment )NP (PP to (NP (NP a bill )NP (SBAR (S (VP to (VP raise (NP the federal debt limit )NP )VP )VP )S )SBAR )NP )PP )NP )PP (PP before (NP (NP the end )NP (PP of (NP the month )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (S (NP President Bush )NP (VP has (VP endorsed (NP the idea )NP )VP )VP )S , and (S (NP (QP at least 50 )QP sitting *UNKC )NP (VP have (VP voted (S (VP to (VP support (NP enhanced *UNK authority )NP )VP )VP )S (PP in (NP the past )NP )PP )VP )VP )S . )S  STOP
(S (S (NP We )NP (VP 're (VP told (SBAR (S (NP Senator *UNKC )NP (VP is n't (ADVP yet )ADVP (NP a *UNK- )NP )VP )S )SBAR )VP )VP )S , but (S (SBAR if (S (NP (NP he )NP and (NP his colleagues )NP )NP (VP are (ADJP serious (PP about (S (VP *UNKING (NP their *UNK )NP )VP )S )PP )ADJP )VP )S )SBAR , (NP they )NP (VP 'll (VP sign (PRT up )PRT )VP )VP )S . )S  STOP
(S (NP (UCP Business and *UNK )UCP operations )NP (VP *UNKED (ADVP back )ADVP (PP toward (NP *UNK )NP )PP (ADVP here )ADVP (SBAR as (S (NP congressional officials )NP (VP estimated (SBAR that (S (NP (NP the price *UNK )NP (PP for (NP (NP emergency assistance )NP (PP to (NP *UNKED California )NP )PP )NP )PP )NP (VP would (VP total (NP (QP at least $ 2.5 billion )QP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (S (NP That )NP (VP is (NP a minimum figure )NP )VP )S , and (S (NP I )NP (VP *UNK (NP minimum )NP )VP )S )S , '' (VP said )VP (NP (NP House Speaker Thomas Foley )NP (PRN -LRB- (NP (NP D. )NP , (NP *UNKC . )NP )NP -RRB- )PRN )NP (PP after (S (VP *UNKING (PP with (NP California lawmakers )NP )PP )VP )S )PP . )SINV  STOP
(S `` (NP (NP It )NP )NP (VP 's (ADJP impossible )ADJP (S (VP to (VP put (NP an exact figure )NP (PP on (NP it )NP )PP )VP )VP )S (PP at (NP this time )NP )PP )VP . '' )S  STOP
(S (NP (NP The Office )NP (PP of (NP Management and Budget )NP )PP )NP (VP has (VP begun (S (VP looking (PP into (NP (NP legislation )NP (SBAR (S (VP to (VP provide (NP more funds )NP (PP for (NP earthquake repairs )NP )PP )VP )VP )S )SBAR )NP )PP )VP )S )VP )VP . )S  STOP
(S And (NP (NP (NP California 's )NP *UNK- delegation )NP (PP in (NP the House )NP )PP )NP (VP is (VP expected (S (VP to (VP propose (SBAR that (S (NP emergency funds )NP (VP be (VP added (PP to (NP (NP a *UNK- spending bill )NP (SBAR (WHNP that )WHNP (S (NP the House Appropriations Committee )NP (VP is (S (VP to (VP consider (NP Monday )NP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (PP For (NP the most part )NP )PP , (NP (NP major corporations ' )NP headquarters and plants )NP (VP were (UCP (ADJP *UNKED )ADJP or (ADJP (ADVP only slightly )ADVP damaged )ADJP (PP by (NP (NP (NP Tuesday 's )NP earthquake )NP , (SBAR (WHNP which )WHNP (S (VP registered (NP 6.9 )NP (PP on (NP the Richter scale )NP )PP )VP )S )SBAR )NP )PP )UCP )VP . )S  STOP
(S (NP (NP (NP One )NP (PP of (NP (NP the last big employers )NP (PP in (NP the Silicon Valley )NP )PP (SBAR (S (VP to (VP report (PRT in )PRT )VP )VP )S )SBAR )NP )PP )NP , (NP *UNKC Technology )NP , )NP (VP said (SBAR (S (NP it )NP (VP expects (S (VP to (VP be (ADVP back )ADVP (PP at (NP full strength )NP )PP (NP Monday )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The day )NP (PP before (NP the quake )NP )PP )NP , (NP *UNKC )NP (VP completed (NP (NP three days )NP (PP of (NP emergency training and *UNK )NP )PP )NP )VP . )S  STOP
(S (S (VP *UNKING (NP (NP the response )NP (PP of (NP (NP almost all big corporations )NP (PP in (NP the Bay Area )NP )PP )NP )PP )NP )VP )S , (NP (NP Don *UNKC )NP , (NP (NP Seagate 's )NP chief financial officer )NP , )NP (VP said , `` (S (NP I )NP (VP would n't (VP expect (S (NP this )NP (VP to (VP have (NP any significant financial impact )NP )VP )VP )S )VP )VP )S )VP . '' )S  STOP
(S (NP (NP (NP The city 's )NP recovery )NP (PP from (NP the earthquake )NP )PP )NP (VP was (ADJP *UNK )ADJP )VP . )S  STOP
(S (S (NP Banks )NP (VP indicated (SBAR (S (NP they )NP (VP were (VP operating (PP at (NP (NP (QP greater than 90 )QP % )NP (PP of (NP their usual capacity )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S , but (S (NP a *UNKC Hill hotel )NP (VP said (SBAR (S (NP tourists )NP (VP had (VP fled , (S (VP leaving (NP the previously full hotel )NP (PP with (NP an (ADJP 80 % )ADJP vacancy rate )NP )PP )VP )S )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP City *UNK )NP (VP (VP *UNKED (NP (NP the *UNK )NP (PP to (NP buildings )NP )PP )NP )VP , but (VP lacked (NP (NP a clear sense )NP (PP of (SBAR (WHADVP how *UNKLY )WHADVP (S (NP transportation *UNK )NP (VP were (VP *UNKED )VP )VP )S )SBAR )PP )NP )VP )VP . )S  STOP
(S (PP Among (NP (NP the city 's )NP banks )NP )PP , (NP (NP Bank )NP (PP of (NP America )NP )PP )NP (VP said (SBAR (S (NP (NP (QP all but eight )QP )NP (PP of (NP its 850 branches )NP )PP )NP (VP were (ADJP open )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The closed branches )NP , (PP in (NP (NP San Francisco )NP , (NP *UNKC )NP , (NP Santa *UNKC )NP and (NP Santa *UNKC )NP )NP )PP , )NP (VP sustained (NP structural damage )NP )VP . )S  STOP
(S (NP Power failures )NP (VP kept (S (NP (NP (QP just seven )QP )NP (PP of (NP its 1,500 *UNK- machines )NP )PP )NP (ADJP *UNK- )ADJP )S )VP . )S  STOP
(S (S (S (NP *UNKING operations )NP (VP were (VP moved (PP to (NP (NP (NP Bank )NP (PP of (NP America )NP )PP 's )NP *UNKC office )NP )PP )VP )VP )S , and (S (NP foreign-exchange trading operations )NP (VP were (VP *UNKED (PP to (NP Los Angeles )NP )PP )VP )VP )S )S , (NP the bank )NP (VP said )VP . )S  STOP
(S (NP Wells Fargo & Co. )NP (VP said (SBAR (S (NP (NP its Emergency *UNKC Committee )NP -- (SBAR (WHNP which )WHNP (S (VP met (NP all night )NP (NP Tuesday )NP )VP )S )SBAR -- )NP (VP moved (NP its *UNK- transfer system )NP (PP to (NP (NP (NP El Monte )NP , (NP Calif. )NP )NP , (PP (NP 500 miles )NP (PP to (NP the south )NP )PP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (QP Only five )QP )NP (PP of (NP *UNKN branches )NP )PP (ADVP *UNK )ADVP )NP (VP remain (ADJP closed )ADJP , (SBAR while (S (NP (NP 23 )NP (PP of (NP 600 *UNK- machines )NP )PP )NP (VP remained (PP out (PP of (NP order )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The (ADJP most extensive )ADJP damage )NP (VP was (PP in (NP (NP small towns )NP (PP near (NP (NP (NP the quake 's )NP epicenter )NP , (ADVP (NP 80 miles )NP south (PP of (NP San Francisco )NP )PP )ADVP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Santa *UNKC County )NP (VP estimates (NP total damage )NP (PP at (NP (QP nearly $ 600 million )QP )NP )PP )VP . )S  STOP
(S (NP Santa *UNKC County )NP (VP has (NP (NP a running total )NP )NP (ADVP so far )ADVP (PP of (NP (QP $ *UNKN million )QP )NP )PP , (PP excluding (NP (NP the *UNK- city )NP (PP of (NP Los *UNKC )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP Oakland officials )NP (VP were (ADVP still )ADVP (ADJP uncertain (PP about (NP (NP the *UNK )NP (PP of (NP structural damage )NP )PP )NP )PP )ADJP (NP late yesterday )NP )VP )S ; (S (NP (NP a section )NP (PP of (NP (NP *UNKC )NP , (NP a *UNKED highway )NP , )NP )PP )NP (VP collapsed (PP in (NP Oakland )NP )PP , (S (VP causing (NP (NP a majority )NP (PP of (NP (NP the deaths )NP (VP resulting (PP from (NP the quake )NP )PP )VP )NP )PP )NP )VP )S )VP )S . )S  STOP
(S (NP San Francisco Mayor Art Agnos )NP (VP estimated (SBAR that (S (NP (NP damages )NP (PP to (NP the city )NP )PP )NP (VP total (NP (QP $ 2 billion )QP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP includes (NP (NP (NP *UNK )NP (PP in (NP the *UNKED Marina district )NP )PP (SBAR (WHNP that )WHNP (S (VP must (VP be (VP *UNKED )VP )VP )VP )S )SBAR )NP , (NP (NP *UNKED business *UNK )NP (ADVP south (PP of (NP Market Street )NP )PP )ADVP )NP , and (NP (NP houses )NP (PP in (NP (NP the city 's )NP *UNK Richmond district )NP )PP (SBAR (WHNP that )WHNP (S (VP were (VP *UNKED (PP off (NP their foundations )NP )PP )VP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (S (NP Many streets and *UNK )NP (VP *UNKED )VP )S , and (S (NP *UNK water *UNK and service *UNK )NP (VP *UNKED )VP )S . )S  STOP
(S (NP The federal funds )NP (VP would (VP go (PP to (NP (NP a range )NP (PP of (NP programs )NP )PP , (PP including (NP (NP the Federal Emergency Management Agency )NP , (NP highway construction accounts )NP and (NP the Small Business Administration )NP )NP )PP , )NP )PP (PP according (PP to (NP (NP Rep. *UNKC Fazio )NP (PRN -LRB- (NP (NP D. )NP , (NP Calif . )NP )NP -RRB- )PRN )NP )PP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP federal disaster relief )NP )VP )S )SBAR , )NP (VP is (ADVP already )ADVP (ADJP strapped (PP by (NP (NP the costs )NP (PP of (S (VP cleaning (PRT up )PRT (PP after (NP (NP Hurricane Hugo )NP , (SBAR (WHNP which )WHNP (S (VP hit (NP the *UNKC )NP (NP last month )NP )VP )S )SBAR )NP )PP )VP )S )PP )NP )PP )ADJP )VP . )S  STOP
(S (NP It )NP (VP (VP is (ADJP likely (S (VP to (VP get (NP (NP (QP as much as $ 800 million )QP )NP )NP (ADVP initially )ADVP (PP in (NP additional funds )NP )PP )VP )VP )S )ADJP )VP , and (VP (ADVP eventually )ADVP could (VP get (NP (QP more than $ 1 billion )QP )NP )VP )VP , (PP according (PP to (NP (NP Mr. Fazio )NP , (NP (NP a member )NP (PP of (NP the House Appropriations Committee )NP )PP )NP )NP )PP )PP )VP . )S  STOP
(S (NP White House spokesman Marlin Fitzwater )NP (VP said (SBAR (S (NP there )NP (VP is (NP (NP enough money )NP (PP on (NP hand )NP )PP (SBAR (S (VP to (VP deal (PP with (NP immediate requirements )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The Bush administration )NP (VP has (PP at (NP its *UNK )NP )PP (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP funds )NP )PP (VP remaining (PP from (NP (NP the (QP $ 1.1 billion )QP )NP (SBAR (S (NP Congress )NP (VP released (PP for (NP the cleanup )NP )PP (PP after (NP Hurricane Hugo )NP )PP )VP )S )SBAR )NP )PP )VP )NP )VP . )S  STOP
(S `` (S (NP We )NP (VP feel (SBAR (S (NP we )NP (VP have (NP (NP the money )NP (ADJP necessary (S (VP to (VP handle (NP the immediate , short-term requirements )NP )VP )VP )S )ADJP )NP )VP )S )SBAR )VP )S , '' (NP Mr. Fitzwater )NP (VP said )VP . )S  STOP
(S (NP He )NP (VP added (SBAR that (S (NP (NP (NP the Office )NP (PP of (NP Management and Budget )NP )PP )NP , (NP the Transportation Department )NP and (NP other agencies )NP )NP (VP are `` (VP developing (NP (NP *UNK- legislation )NP '' (SBAR (WHNP that )WHNP (S (VP should (VP be (ADJP ready )ADJP (ADVP soon )ADVP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Much )NP (PP of (NP (NP the cost )NP (PP of (S (VP cleaning (PRT up )PRT (PP after (NP the earthquake )NP )PP )VP )S )PP )NP )PP )NP (VP will (VP involve (S (VP *UNKING (NP highways and bridges )NP )VP )S )VP )VP . )S  STOP
(S (NP California lawmakers )NP (VP are (VP seeking (NP (NP changes )NP (PP in (NP (NP rules )NP (VP governing (NP the federal highway relief program )NP )VP )NP )PP )NP (SBAR so (S (NP more money )NP (VP can (VP be (VP made (S (ADJP available (PP for (NP the state )NP )PP )ADJP )S )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Some things )NP (VP ca n't (VP be (VP *UNKED )VP )VP )VP . )S  STOP
(S (NP (NP The Asian Art Museum )NP (PP in (NP Golden Gate Park )NP )PP )NP (VP reports (NP (NP (QP $ 10 million to $ 15 million )QP )NP (PP in (NP damage )NP )PP , (PP including (NP *UNKED *UNK and *UNK figures )NP )PP )NP )VP . )S  STOP
(S (NP (NP Its neighbor )NP , (NP the De Young Museum )NP , )NP (VP totaled (NP (NP (QP $ 3 million to $ 5 million )QP )NP (PP in (NP (NP structural damage )NP and (NP *UNKED *UNK )NP )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP The city 's )NP main library )NP (VP is (VP closed (PP because of (NP (NP *UNK )NP (SBAR (WHNP that )WHNP (S (VP opened (PP in (NP its walls )NP )PP )VP )S )SBAR )NP )PP )VP )VP )S , and (S (NP (NP (NP *UNK *UNK )NP and (NP *UNK *UNK )NP )NP (PP at (NP the *UNKC *UNKC City Hall )NP )PP )NP (VP broke (PRT off )PRT (PP in (NP the temblor )NP )PP )VP )S . )S  STOP
(S (NP (NP The ground )NP (PP along (NP (NP the *UNKC )NP (NP (NP the street )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP (NP the city 's )NP (NX (NX *UNK *UNK )NX and (NX *UNK )NX )NX )NP )VP )S )SBAR )NP -- )NP )PP )NP (VP dropped (NP six inches )NP (PP after (NP the quake )NP )PP , (S (VP *UNKING (NP major damage )NP (PP to (NP (NP (QP at least one )QP )NP (PP of (NP the *UNK )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (PP At (NP San Francisco International Airport )NP )PP , (NP shock waves )NP (VP *UNKED (NP the control tower )NP , (S (VP (VP knocking (ADVP down )ADVP (NP computers )NP )VP and (VP *UNKING (NP glass )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP (NP the city 's )NP *UNKC Board )NP )PP )NP (VP were (VP destroyed )VP )VP . )S  STOP
(S (NP (NP Mayor Agnos 's )NP (ADJP (QP $ 2 billion )QP )ADJP estimate )NP (VP does n't (VP include (NP (NP damage )NP (PP to (NP (NP freeway *UNK )NP (VP leading (PP into (NP the city )NP )PP )VP , (SBAR (WHNP (WHNP some )WHNP (WHPP of (WHNP which )WHNP )WHPP )WHNP (S (VP remained (ADJP closed )ADJP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(SINV (S (NP (NP A major chunk )NP (PP of (NP the (QP $ 2 billion )QP )NP )PP )NP (VP is (VP expected (S (VP to (VP be (VP *UNK (PRT up )PRT (PP by (NP (NP overtime )NP (PP for (NP (NP city workers )NP (VP *UNKED (PP in (NP the emergency )NP )PP )VP )NP )PP )NP )PP )VP )VP )VP )S )VP )VP )S , (VP said )VP (NP (NP a spokesman )NP (PP for (NP Mr. Agnos )NP )PP )NP . )SINV  STOP
(S `` (S (NP (NP All )NP (PP of (NP (NP the city 's )NP (ADJP (QP $ 5.9 million )QP )ADJP emergency reserve )NP )PP )NP (VP was (VP spent (PP in (NP the first 24 hours )NP )PP '' (PP on (NP overtime salaries )NP )PP )VP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (NP Insurers )NP (VP *UNKED (X to )X (S (VP to (VP get (NP (NP a firm *UNK )NP (PP on (NP (NP the volume )NP (PP of (NP claims )NP )PP (VP pouring (PP into (NP their offices )NP )PP )VP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (PP At (NP (NP Fireman 's )NP Fund Corp. )NP )PP , (NP a spokesman )NP (VP said (SBAR (S (S (NP *UNKN claims )NP (VP were (VP received (PP in (NP (NP the first 24 hours )NP (PP after (NP the quake )NP )PP )NP )PP )VP )VP )S , and (S (NP the company )NP (VP is (VP *UNKED (PP for (NP (NP (QP as many as 5,000 )QP claims )NP (PP from (NP (NP its (NX (NX *UNKN residential )NX and (NX *UNKN business )NX (NX *UNK )NX )NX )NP (PP in (NP the affected area )NP )PP )NP )PP )NP )PP )VP )VP )S )S )SBAR )VP . )S  STOP
(S `` (S (NP *UNKC )NP (VP range (PP (PP from (NP (NP a *UNKED *UNK )NP (PRN -- and (S (NP there )NP (VP were (NP (NP an awful lot )NP (PP of (NP (NP cars )NP (VP damaged (PP in (NP this )NP )PP )VP )NP )PP )NP )VP )S -- )PRN )NP )PP (PP to (NP a major processing plant )NP )PP )PP )VP )S , '' (NP a spokesman )NP (VP said )VP . )S  STOP
(S `` (NP We )NP (VP 're (VP delivering (NP (NP a check )NP (PP for (NP $ *UNKN )NP )PP )NP (PP to (NP (NP an automotive business )NP (PP in (NP Berkeley )NP )PP (SBAR (WHNP that )WHNP (S (VP burned (PP on (NP Tuesday )NP )PP )VP )S )SBAR )NP )PP )VP )VP . '' )S  STOP
(S (NP Fireman 's )NP (VP is (NP (NP part )NP (PP of (NP (NP a (ADJP (QP $ 38 million )QP )ADJP syndicate )NP (SBAR (WHNP that )WHNP (S (VP supplies (NP (NP business *UNK insurance )NP )NP (PP to (NP (NP the city )NP )NP )PP (PP on (NP the Bay Bridge )NP )PP )VP )S )SBAR , (SBAR (WHNP which )WHNP (S (VP must (VP pay (NP employees )NP (PP during (NP (NP the three weeks (QP or more )QP )NP (SBAR (S (NP it )NP (VP is (VP expected (S (VP to (VP be (UCP (PP out (PP of (NP service )NP )PP )PP and (VP *UNKED (PP of (NP toll income )NP )PP )VP )UCP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP California lawmakers )NP (VP want (S (VP to (VP eliminate (ADVP temporarily )ADVP (NP (NP (NP a (ADJP (QP $ 100 million )QP )ADJP cap )NP (PP on (NP (NP the amount )NP (PP of (NP federal highway relief )NP )PP )NP )PP (PP for (NP each state )NP )PP (PP for (NP each disaster )NP )PP )NP , (CONJP as well as )CONJP (NP (NP a *UNK )NP (PP on (S (VP using (NP the emergency highway aid )NP (S (VP to (VP repair (NP toll roads )NP )VP )VP )S )VP )S )PP )NP )NP )VP )VP )S )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (PP under (NP the *UNK- program )NP )PP , (NP the federal government )NP (VP provides (NP (NP 100 % )NP (PP of (NP emergency highway aid )NP )PP )NP (PP for (NP (NP only the first 90 days )NP (PP of (NP a repair effort )NP )PP )NP )PP )VP . )S  STOP
(S (PP After (NP that )NP )PP , (NP the federal share )NP (VP *UNK )VP . )S  STOP
(S (PP For (NP interstate highways )NP )PP , (S (NP the federal share )NP (ADVP normally )ADVP (VP would (VP drop (PP to (NP (NP 90 % )NP (PP of (NP (NP the cost )NP (PP of (NP repairs )NP )PP )NP )PP )NP )PP )VP )VP )S , and (S (NP the state )NP (VP would (VP have (S (VP to (VP pick (PRT up )PRT (NP (NP the remainder )NP (PP of (NP the cost )NP )PP )NP )VP )VP )S )VP )VP )S . )S  STOP
(S But (NP lawmakers )NP (VP want (S (VP to (VP extend (NP (NP the period )NP (PP for (NP (ADJP 100 % )ADJP federal funding )NP )PP )NP (PP for (NP several months )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Those changes )NP (ADVP also )ADVP (VP would (VP apply (PP to (NP (NP (NP two areas )NP (VP hit (ADVP hard )ADVP (PP by (NP Hurricane Hugo )NP )PP )VP )NP -- (NP (NP South Carolina )NP and (NP the U.S. *UNKC *UNKC )NP )NP )NP )PP , (PP according (PP to (NP (NP an aide )NP (PP to (NP Rep. Fazio )NP )PP )NP )PP )PP )VP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP the *UNKC )NP (VP announced (NP (NP a *UNK- telephone number )NP (PRN -LRB- (NP *UNKN )NP -RRB- )PRN (SBAR (S (VP to (VP *UNK (NP (NP service )NP (PP to (NP (NP victims )NP (PP of (NP the earthquake )NP )PP )NP )PP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Lines )NP )NP (VP will (VP be (ADJP available )ADJP (NP (NP 24 hours )NP (NP a day )NP )NP (SBAR (S (VP to (VP take (NP (NP applications )NP (PP for (NP (NP such disaster relief )NP (PP as (NP (NP temporary housing )NP and (NP emergency home repairs )NP )NP )PP )NP )PP )NP (PP by (NP phone )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Transportation officials )NP (VP are (VP expecting (NP (NP *UNK traffic *UNK )NP (VP (VP beginning (NP Monday )NP )VP and (VP growing (ADJP worse )ADJP (PP over (NP the next several weeks )NP )PP )VP )VP )NP )VP )VP . )S  STOP
(S (NP (QP Some 250,000 )QP cars )NP (ADVP normally )ADVP (VP cross (NP (NP the closed Bay Bridge )NP (PP between (NP (NP Oakland )NP and (NP San Francisco )NP )NP )PP )NP (ADVP daily )ADVP )VP . )S  STOP
(S (NP Officials )NP (VP say (SBAR (S (NP (NP it )NP )NP (VP is (ADJP clear )ADJP (SBAR that (S (NP *UNK routes )NP (VP ca n't (VP handle (NP the *UNK )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP The state )NP (VP (VP is (VP calling (PRT in )PRT (NP (NP a *UNK )NP (PP of (NP (NP navy landing vessels )NP and (NP other *UNK )NP )NP )PP (SBAR (S (VP to (VP expand (NP (NP *UNK service )NP (PP across (NP the bay )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP and (VP hopes (S (VP to (VP add (NP numerous new bus routes and train departures )NP )VP )VP )S )VP (S (VP to (VP help (VP *UNK (NP the traffic problem )NP )VP )VP )VP )S )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP state officials )NP (VP are (VP urging (NP freight *UNK )NP (S (VP (VP to (VP *UNK (NP (NP many )NP (PP of (NP (NP the area 's )NP main highways )NP )PP )NP )VP )VP and (VP to (VP travel (UCP (ADVP late (PP at (NP night )NP )PP )ADVP or (PP during (NP *UNK hours )NP )PP )UCP )VP )VP )VP )S )VP )VP . )S  STOP
(SINV (S (ADVP Even so )ADVP , `` (NP We )NP (VP 're (VP looking (PP for (NP *UNK )NP )PP )VP )VP )S , '' (VP said )VP (NP (NP George Gray )NP , (NP (NP a deputy district director )NP (PP at (NP (NP the California Department )NP (PP of (NP Transportation )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (SBAR If (S (NP there )NP (VP 's (NP (NP any way )NP (SBAR (S (NP you )NP (VP can (VP do (NP it )NP )VP )VP )S )SBAR )NP )VP )S )SBAR , (NP you )NP (VP ought (S (VP to (VP (VP go (PP to (NP *UNKC )NP )PP )VP and (VP go (NP fishing )NP (PP for (NP a while )NP )PP )VP )VP )VP )S )VP . '' )S  STOP
(S (NP (NP Most )NP (PP of (NP (NP San Francisco 's )NP tourists and business travelers )NP )PP )NP (ADVP already )ADVP (VP have (VP left -- (PP despite (NP (NP (NP hotel 's )NP offers )NP (PP of (NP rate cuts )NP )PP )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP Everyone )NP (VP left )VP )S , '' (VP said )VP (NP (NP Peter Lang )NP , (NP (NP reservations manager )NP (PP of (NP the Mark Hopkins Hotel )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP The *UNKC St. Francis hotel )NP , (SBAR (WHNP which )WHNP (S (VP survived (NP the *UNKN earthquake and fire )NP )VP )S )SBAR , )NP (ADVP currently )ADVP (VP is (ADJP (NP (QP less than 50 )QP % )NP occupied )ADJP )VP . )S  STOP
(S `` (S (NP We )NP (ADVP still )ADVP (VP have (NP our *UNK- baseball fans )NP )VP )S , '' (NP a spokesman )NP (VP said )VP . )S  STOP
(S `` (NP (NP One *UNK )NP (PP from (NP New York )NP )PP )NP (VP said (SBAR (S (NP she )NP (VP 's not (VP going (ADVP home )ADVP (SBAR until (S (NP the -LCB- World Series -RCB- )NP (VP is (ADVP over )ADVP )VP )S )SBAR )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP (NP Gerald F. *UNKC )NP and (NP Joe *UNKC )NP )NP (PP in (NP Washington )NP )PP )NP (VP contributed (PP to (NP this article )NP )PP )VP . )S  STOP
(SQ Is (NP (NP an American Secretary )NP (PP of (NP State )NP )PP )NP (VP (ADVP seriously )ADVP suggesting (SBAR that (S (NP the Khmer Rouge )NP (VP should (VP help (S (VP govern (NP Cambodia )NP )VP )S )VP )VP )S )SBAR )VP ? )SQ  STOP
(ADVP Apparently so . )ADVP  STOP
(S (S (NP There )NP (VP are (NP no easy choices )NP (PP in (NP Cambodia )NP )PP )VP )S , but (S (NP we )NP (VP ca n't (VP imagine (SBAR that (S (NP (NP it )NP )NP (VP benefits (NP the U.S. )NP (S (VP to (VP become (NP (NP the catalyst )NP (PP for (NP (NP an *UNK- process )NP (SBAR (WHNP that )WHNP (S (VP could (VP end (PP in (NP (NP another round )NP (PP of (NP *UNK )NP )PP (PP in (NP Cambodia )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP )VP )S . )S  STOP
(S (SBAR (ADVP Now )ADVP that (S (NP Vietnam )NP (VP appears (S (VP to (VP have (VP pulled (PRT out )PRT (NP its *UNK army )NP )VP )VP )VP )S )VP )S )SBAR , (NP the State Department )NP (VP is (VP talking (ADVP again )ADVP (PP about (S (VP accepting (NP (NP an `` interim '' coalition government )NP (PP in (NP (NP the *UNKC capital )NP (PP of (NP *UNKC *UNKC )NP )PP )NP )PP )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP The coalition )NP (VP would (VP include (NP (NP the current *UNKED *UNKC *UNKC regime )NP , (NP (NP the two *UNK- resistance groups )NP (VP led (PP by (NP (NP *UNKC *UNKC )NP and (NP Prince *UNKC )NP )NP )PP )VP )NP , and (NP the Khmer Rouge )NP )NP )VP )VP . )S  STOP
(S (NP The aim )NP (VP would (VP be (S (VP to (VP end (NP (NP the *UNK war )NP (PP for (NP (NP control )NP (PP of (NP Cambodia )NP )PP )NP )PP )NP (PP by (S (VP allowing (NP the Khmer Rouge )NP (NP (NP a small share )NP (PP of (NP power )NP )PP )NP )VP )S )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP The State Department )NP (VP says (SBAR that (S (NP any Khmer Rouge participation )NP (VP would (VP have (S (VP to (VP be `` (ADJP minimal )ADJP )VP )VP )S )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP The usual problem )NP (PP with (S (VP including (NP *UNK )NP (PP in (NP `` interim '' coalition governments )NP )PP )VP )S )PP )NP (VP is (SBAR that (S (NP their *UNK and methods )NP (VP require (SBAR (S (NP they )NP (VP squeeze (PRT out )PRT (NP (NP everyone )NP (ADJP else )ADJP )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (VP *UNKC (SBAR that (S (NP (NP Nicaragua 's )NP Sandinistas )NP (VP came (PP into (NP *UNKC )NP )PP (PP as (NP (NP partners )NP (PP in (NP a coalition government )NP )PP (PP with (NP *UNK- *UNK )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP Within (NP two years )NP )PP , (S (NP the *UNK )NP (VP were (UCP (VP *UNKED )VP or (PP in (NP prison )NP )PP )UCP )VP )S , (S (NP Nicaragua )NP (VP had (VP gone (ADJP communist )ADJP )VP )VP )S , and (S (NP the Sandinistas )NP (VP were (VP (VP building (NP (NP one )NP (PP of (NP (NP the biggest *UNK )NP (PP in (NP Latin America )NP )PP )NP )PP )NP )VP and (VP threatening (NP their neighbors )NP )VP )VP )VP )S . )S  STOP
(S (PP In (NP *UNKC )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP the Western powers )NP (VP *UNKED (PP to (NP (NP pressure )NP (PP for (NP such a coalition )NP )PP )NP )PP )VP )S )SBAR (NP (NP it )NP )NP (VP turned (PRT out )PRT (SBAR (S (NP they )NP (VP were (VP opening (NP the door )NP (PP to (NP communist *UNK )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Even (NP *UNKC *UNKC 's )NP China )NP (VP began (PP in (NP *UNKN )NP )PP (PP with (NP (NP a partnership )NP (PP between (NP (NP the *UNK )NP and (NP (NP a number )NP (PP of (NP smaller , *UNK- parties )NP )PP )NP )NP )PP )NP )PP )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (VP *UNK (NP (NP the scene )NP (PP in (NP Cambodia )NP )PP )NP )VP )S )SBAR (VP is (SBAR that (S (NP the current regime )NP (VP is (ADVP already )ADVP (ADJP communist )ADJP , (SBAR as (SINV (VP are )VP (NP (NP its Vietnamese *UNK )NP (PP back in (NP *UNKC )NP )PP )NP )SINV )SBAR , (SBAR as (SINV (VP are )VP (NP (NP the Khmer Rouge )NP -- (SBAR (WHNP who )WHNP (S (VP are (NP (NP the strongest )NP (PP of (NP the three *UNK groups )NP )PP )NP )VP )S )SBAR )NP )SINV )SBAR )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP It )NP )NP (VP 's (ADJP not clear )ADJP (SBAR (WHNP (NP which crew )NP (PP of (NP *UNK )NP )PP )WHNP (S (VP might (VP prevail (PP in (NP a coalition government )NP )PP )VP )VP )S )SBAR )VP )S , but (S (NP the one good bet )NP (VP is (SBAR that (S (NP the *UNK- )NP (VP would (VP disappear )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP That )NP (VP would (VP leave (NP (NP *UNKC *UNKC )NP and (NP the Khmer Rouge )NP )NP )VP )VP . )S  STOP
(S (NP The *UNKC *UNKC regime )NP (VP has (VP sent (S (NP (NP thousands )NP (PP of (NP *UNK *UNK )NP )PP )NP (VP to (VP die (PP of (NP *UNK and *UNK )NP )PP (SBAR while (S (VP building (NP (NP (NP Cambodia 's )NP equivalent )NP (PP of (NP the Berlin Wall )NP )PP )NP (PP near (NP the *UNKC border )NP )PP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (NP The Khmer Rouge )NP , (ADVP however )ADVP , (VP carry (NP (NP an *UNKED record )NP (PP for (NP *UNKC *UNK )NP )PP )NP )VP . )S  STOP
(S (NP These *UNK )NP (VP caused (NP (NP the deaths )NP (PRN -- (PP by (NP *UNK , disease or execution )NP )PP -- )PRN (PP of (NP (QP well over one million )QP *UNKC )NP )PP )NP )VP . )S  STOP
(S (NP The *UNKC *UNK )NP (VP was (ADJP (ADJP so bad )ADJP (SBAR that (S (NP (NP the Vietnamese *UNK )NP (PP in (NP 1978 )NP )PP )NP (VP was (NP (NP a *UNK form )NP (PP of (NP relief )NP )PP )NP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP The world )NP (VP might (VP want (S (VP to (VP believe (SBAR that (S (NP the Khmer Rouge )NP (VP ca n't (ADVP still )ADVP (VP be (NP such bad guys )NP )VP )VP )S )SBAR )VP )VP )S , (SBAR just as (S (PP in (NP the late 1970s )NP )PP (NP it )NP (VP was (ADJP reluctant (S (VP to (VP credit (NP (NP the reports )NP (PP of (NP (NP *UNK )NP (VP (ADVP then )ADVP taking (NP place )NP )VP )NP )PP )NP )VP )VP )S )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S But (NP there )NP (VP is (NP no solid evidence (SBAR that (S (NP the Khmer Rouge )NP (VP have (VP changed )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Some )NP (PP of (NP (NP our sources )NP (PP in (NP *UNKC )NP )PP )NP )PP )NP (VP say (SBAR (S (NP (NP the *UNK old Khmer Rouge leader )NP , (NP *UNKC *UNKC )NP , )NP (VP has (VP been (VP *UNKED (PRT up )PRT (NP this summer )NP (PP in (NP (NP Khmer Rouge camps )NP (PP near (NP the *UNKC border )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S So (NP (NP it )NP )NP (VP 's (ADJP difficult )ADJP (S (VP to (VP *UNK (NP the notion (SBAR that (S (NP Mr. Baker )NP (VP is (ADJP willing (S (VP to (VP accept (NP (NP conditions )NP (SBAR (WHNP that )WHNP (S (VP would (VP help (S (NP the Khmer Rouge )NP (VP set (PRT up )PRT (NP shop )NP (ADVP again )ADVP (PP in (NP *UNKC *UNKC )NP )PP )VP )S )VP )VP )S )SBAR )NP )VP )VP )S )ADJP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (ADVP *UNKC )ADVP , (NP Prince *UNKC )NP (VP backs (NP (NP the idea )NP (PP of (NP such a coalition )NP )PP )NP , (PP (ADVP at least )ADVP for (NP this week )NP )PP )VP . )S  STOP
(S But (NP Prince *UNKC )NP (VP has (VP (VP backed (NP (NP all sorts )NP (PP of (NP ideas )NP )PP )NP (PP over (NP the years )NP )PP )VP , and (VP done (ADVP (ADVP rather better )ADVP (PP by (NP himself )NP )PP (PP than (PP by (NP Cambodia )NP )PP )PP )ADVP )VP )VP )VP . )S  STOP
(SINV Nor should (NP the U.S. )NP (VP worry (ADVP much )ADVP (PP about (S (VP *UNKING (NP (NP China )NP , (SBAR (WHNP which )WHNP (S (ADVP still )ADVP (VP *UNK (NP the Khmer Rouge )NP )VP )S )SBAR )NP )VP )S )PP )VP . )SINV  STOP
(S (NP It )NP (VP 's (NP (NP time )NP (SBAR (S (NP the State Department )NP (VP recognized (SBAR that (S (NP China )NP (VP does not (VP play (PP by (NP (NP *UNK 's )NP rules )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )NP )VP . )S  STOP
(S (SBAR For (S (NP the U.S. )NP (VP to (VP lend (NP even the *UNK support )NP (PP to (NP (NP the (ADJP most *UNK )ADJP *UNK )NP (PP on (NP (NP *UNKC 's )NP bleak scene )NP )PP )NP )PP )VP )VP )S )SBAR (VP could (ADVP only )ADVP (VP *UNK (NP (NP (NP America 's )NP allies )NP (ADVP elsewhere )ADVP )NP )VP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP would (VP be (ADJP entirely rational )ADJP (SBAR for (S (NP (NP communist *UNK )NP (PP in (NP (NP countries )NP (PP such as (NP (NP the Philippines )NP or (NP Peru )NP )NP )PP )NP )PP )NP (VP to (VP conclude (NP (NP the following )NP : (S (S (VP *UNKC (ADVP *UNKLY enough )ADVP )VP )S and (S (NP the U.S. )NP , (PP under (NP (NP the *UNK )NP (PP of (NP *UNK )NP )PP )NP )PP , (VP might (ADVP eventually )ADVP (VP help (S (VP negotiate (NP (NP your way )NP (PP to (NP victory )NP )PP )NP )VP )S )VP )VP )S )S )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP U.S. *UNK )NP (VP has (VP done (NP it )NP (ADVP before )ADVP )VP )VP )S , and (S (NP it )NP (VP will (ADVP likely )ADVP (VP do (NP it )NP (ADVP again )ADVP )VP )VP )S . )S  STOP
(S (NP (NP The administration )NP and (NP Congress )NP )NP (VP have (ADVP lately )ADVP (VP *UNKED (PP around (NP (NP the idea )NP (PP of (S (VP sending (NP military aid )NP (PP to (NP (NP Cambodia 's )NP *UNK- )NP )PP )VP )S )PP )NP )PP )VP )VP . )S  STOP
(S But (ADVP now )ADVP (NP (NP the possibility )NP (PP of (NP `` (NP diplomatic movement )NP '' (PRN -LRB- (NP (NP (NP Vietnam 's )NP withdrawal )NP , (NP the Baker initiative )NP )NP -RRB- )PRN )NP )PP )NP (VP has (VP put (NP that plan )NP (PP on (NP hold )NP )PP , (PP with (NP the *UNK (SBAR that (S (SBAR if (S (NP the going )NP (VP got (ADJP rough )ADJP )VP )S )SBAR , (NP the U.S. )NP (VP would (ADVP then )ADVP (VP *UNK (NP the opposition )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(FRAG (WHADVP Why )WHADVP (NP the *UNK )NP ? )FRAG  STOP
(S (PP At (NP the very least )NP )PP , (NP the odds )NP (VP are (VP (ADVP heavily )ADVP weighted (PP against (NP (NP the prospects )NP (PP of (S (VP preventing (NP (NP the Khmer Rouge )NP and (NP (NP Cambodia 's )NP *UNK )NP )NP (PP from (S (ADVP ultimately )ADVP (VP moving (PP against (NP their opponents )NP )PP )VP )S )PP )VP )S )PP )NP )PP )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP that day )NP (VP comes )VP )S )SBAR , (NP (NP it )NP )NP (VP would (VP be (ADJP particularly awful )ADJP (S (VP to (VP know (SBAR that (S (NP the United States )NP (VP (VP sat (PP on (NP military aid )NP )PP )VP and (VP *UNKED (NP these people )NP (PP of (NP (NP the means )NP (SBAR (S (VP to (VP settle (NP their fate )NP (PP with (NP (ADVP at least )ADVP a little honor )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Michael F. Harris )NP , (NP 53 )NP , )NP (VP was (VP named (S (NP (NP executive vice president )NP , (NP North America )NP , (PP for (NP (NP the Financial Times )NP , (NP (NP the business newspaper )NP (VP published (PP by (NP (NP this company )NP (SBAR (WHNP that )WHNP (S (ADVP also )ADVP (VP has (NP (NP interests )NP (PP in (NP (NP book publishing )NP , (NP fine *UNK )NP , (NP oil services )NP and (NP investment banking )NP )NP )PP )NP )VP )S )SBAR )NP )PP )VP )NP )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP Mr. Harris )NP (VP had (VP been (NP (NP vice president )NP (PP for (NP (NP (NP the newspaper 's )NP advertising )NP (PP in (NP New York )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP He )NP (VP takes (NP (NP additional responsibility )NP (PP for (NP (NP (NP newspaper sales )NP and (NP (NP distribution )NP (PP of (NP the Financial Times )NP )PP )NP )NP (PP in (NP North America )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC V. Allen )NP , (NP 44 )NP , (SBAR (WHNP who )WHNP (S (VP had (VP been (NP (NP director )NP (PP for (NP North America )NP )PP )NP )VP )VP )S )SBAR , )NP (VP resigned (S (VP to (VP (VP pursue (NP other business interests )NP )VP and (VP do (NP some consulting )NP )VP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC Data Products Inc. )NP (VP posted (NP (NP a net loss )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 97 cents )NP (NP a share )NP )NP , )NP )PP (PP for (NP its fiscal first quarter )NP )PP , (PP compared (PP with (NP (NP net income )NP (PP of (NP (NP (QP $ 3.8 million )QP )NP , or (NP (NP 27 cents )NP (NP a share )NP )NP , )NP )PP (ADVP (NP a year )NP ago )ADVP )NP )PP )PP )NP )VP . )S  STOP
(S (NP (NP Revenue )NP (PP for (NP (NP the quarter )NP (VP ended (NP Sept. 30 )NP )VP )NP )PP )NP (VP fell (NP 20 % )NP , (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP the year-earlier period )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC Data )NP , (NP (NP a San Diego maker )NP (PP of (NP (NP magnetic tape *UNK )NP and (NP optical *UNK drives )NP )NP )PP )NP , )NP (VP said (SBAR (S (NP the loss )NP (VP included (NP (NP reserves )NP (PP of (NP (QP $ 3.8 million )QP )NP )PP (ADJP related (PP to (NP a corporate restructuring )NP )PP )ADJP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The restructuring )NP (VP calls (PP for (NP (NP a (ADJP 24 % )ADJP reduction )NP (PP in (NP its work force )NP )PP (PP over (NP the next two months )NP )PP )NP )PP , (S (VP affecting (NP about *UNKN jobs )NP )VP )S )VP )S , (NP *UNKC Data )NP (VP said )VP . )S  STOP
(S (NP It )NP (VP is (VP eliminating (NP (NP the positions )NP (PP of (NP (NP president )NP and (NP chief operating officer )NP )NP )PP , (VP (ADVP formerly )ADVP held (PP by (NP Edward L. *UNKC )NP )PP )VP )NP )VP )VP . )S  STOP
(S (NP *UNKC Data )NP (VP said (SBAR (S (NP Mr. *UNKC )NP (ADVP *UNKLY )ADVP (VP has (VP resigned (PP (PP from (NP those posts )NP )PP and (PP from (NP (NP the company 's )NP board )NP )PP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP could n't (ADVP immediately )ADVP (VP be (VP reached (PP for (NP comment )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP *UNKC Corp. )NP , (NP (NP Costa Mesa )NP , (NP Calif. )NP )NP , )NP (VP said (SBAR (S (NP it )NP (VP expects (S (VP to (VP report (NP (NP a third-quarter loss )NP (PP of (NP (NP (QP about $ 1.8 million )QP )NP , or (NP (NP 17 cents )NP (NP a share )NP )NP , )NP )PP )NP )VP )VP )S (PP because of (NP (NP a (ADJP (QP $ 2.5 million )QP )ADJP reserve )NP (SBAR (S (VP to (VP be (VP taken (PP against (NP (NP potential losses )NP (PP on (NP (NP a contract )NP (PP with (NP (NP the state )NP (PP of (NP California )NP )PP )NP )PP )NP )PP )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Revenue )NP (VP is (VP estimated (PP at (NP (QP $ *UNKN million )QP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The maker )NP (PP of (NP document image processing equipment )NP )PP )NP (VP said (SBAR (S (NP the state *UNK division )NP (VP had (VP declared (S (NP *UNKC )NP (PP in (NP (NP default )NP (PP on (NP (NP its contract )NP (PP with (NP the (NAC (NP secretary )NP (PP of (NP state )NP )PP )NAC uniform commercial code division )NP )PP )NP )PP )NP )PP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP (VP said (SBAR (S (NP it )NP (VP (VP does n't (VP believe (SBAR (S (NP the state )NP (VP has (NP (NP a valid basis )NP (PP of (NP default )NP )PP )NP )VP )S )SBAR )VP )VP and (VP is (VP reviewing (NP (NP its legal rights )NP (PP under (NP the contract )NP )PP )NP )VP )VP )VP )S )SBAR )VP , but (VP said (SBAR (S (NP it )NP (VP ca n't (VP predict (NP (NP the outcome )NP (PP of (NP the dispute )NP )PP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The *UNK )NP (VP centers (PP on (NP (NP testing *UNK )NP and (NP (NP other issues )NP (VP involving (NP (NP a *UNKC system )NP (VP installed (NP (ADVP earlier )ADVP this year )NP )VP )NP )VP )NP )NP )PP )VP . )S  STOP
(S (NP State officials )NP (VP could n't (VP be (VP reached (PP for (NP comment )NP )PP (NP late yesterday )NP )VP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP noted (SBAR that (S (S (NP it )NP (VP had (NP (NP (NP cash )NP and (NP *UNK securities )NP )NP (VP totaling (NP (QP $ 22.5 million )QP )NP )VP )NP (PP on (NP Sept. 30 )NP )PP )VP )S , and (S (NP (NP stockholders ' )NP equity )NP (VP is (NP (QP $ *UNKN million )QP )NP )VP )S )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP made (NP the announcement )NP (PP after (NP (NP the close )NP (PP of (NP (NP the markets )NP , (SBAR (WHADVP where )WHADVP (S (NP its stock )NP (VP finished (PP at (NP $ *UNKN )NP )PP , (ADVP up (NP 25 cents )NP )ADVP , (PP in (NP over-the-counter trading )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP *UNKC Gas Systems Inc. )NP (VP said (SBAR (S (NP it )NP (VP received (NP a contract )NP (PP from (NP (NP *UNKC Co. )NP , (NP Canton , Ohio )NP , )NP )PP (S (VP to (VP manage (NP the natural gas purchasing , *UNKING and transportation activities )NP (PP for (NP (NP *UNKC 's )NP (NX (NX seven Ohio )NX and (NX two Pennsylvania )NX (NX plants )NX )NX )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC and *UNKC )NP (VP agreed (S not (VP to (VP disclose (NP (NP the value )NP (PP of (NP the contract )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP (NP a producer )NP (PP of (NP (NP *UNK )NP and (NP specialty steel )NP )NP )PP )NP , )NP (ADVP already )ADVP (VP buys (NP gas )NP (PP from (NP Clinton )NP )PP )VP . )S  STOP
(S (NP Clinton )NP (VP said (PP in (NP Columbus , Ohio , )NP )PP (SBAR that (S (NP its Clinton Gas Marketing unit )NP (VP wants (S (VP to (VP line (PRT up )PRT (NP (NP a number )NP (PP of (NP such gas management contracts )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP Manufacturers )NP (ADVP frequently )ADVP (VP do n't (VP have (NP (NP anyone )NP (SBAR (WHNP who )WHNP (S (VP is (NP (NP a specialist )NP (PP in (NP natural gas )NP )PP )NP )VP )S )SBAR )NP )VP )VP )S (PRN , (S (NP Clinton )NP (VP said )VP )S , )PRN and (S (NP (NP a specialist )NP (PP such as (NP Clinton )NP )PP )NP (VP can (VP save (NP them )NP (NP (NP substantial amounts )NP (PP of (NP money )NP )PP )NP )VP )VP )S . )S  STOP
(S (NP The scene )NP (VP opens (PP with (NP (NP *UNKED executives )NP (PRN -- (NP (NP *UNKC )NP , (ADVP obviously )ADVP )NP -- )PRN (VP (VP *UNKED (PP to (NP cellular phones )NP )PP )VP and (VP *UNKING (NP it )NP (PP out (PP of (NP town )NP )PP )PP (PP in (NP *UNK- *UNK )NP )PP )VP )VP )NP )PP )VP . )S  STOP
(S `` (NP The *UNK )NP (PRN , '' (SINV (VP *UNK )VP (NP the *UNK )NP (PP with (NP a Texas *UNK )NP )PP )SINV , )PRN `` (VP have (VP (VP *UNKED (NP their bags )NP )VP and (VP went )VP )VP )VP . '' )S  STOP
(S But (PRN , (S (NP he )NP (VP continues )VP )S , )PRN `` (NP They )NP (VP 're (VP *UNKING (SBAR (S (NP we )NP (VP 're all (NP Texans )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The Lone Star )NP (VP is (PP on (NP the rise )NP )PP (ADVP again )ADVP )VP . '' )S  STOP
(S (SBAR As (S (NP the music )NP (VP *UNK )VP )S )SBAR , (NP viewers )NP (VP discover (SBAR (S (NP they )NP (VP 're (VP watching (NP (NP a commercial )NP (PP for (NP (NP Lone Star *UNKC )NP , (NP (NP the pride )NP (PP of (NP Texas )NP )PP )NP , (NP (NP a product )NP (PP of (NP (NP G. *UNKC Brewing Co. )NP , (NP (NP a (NAC La *UNKC , Wis. , )NAC unit )NP (PP of (NP Bond Corp )NP )PP )NP )NP )PP )NP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (SBAR As (S (NP (NP the ad 's )NP tone )NP (VP implies )VP )S )SBAR , (NP the Texas spirit )NP (VP is (ADJP pretty *UNK )ADJP (NP these days )NP )VP )S , and (S (NP Lone Star )NP (VP is n't (ADVP alone )ADVP (PP in (S (VP trying (S (VP to (VP take (NP advantage )NP (PP of (NP that )NP )PP )VP )VP )S )VP )S )PP )VP )S . )S  STOP
(S (PP (PP From (NP *UNKC trucks )NP )PP (PP to (NP *UNKC *UNKED tea )NP )PP (PP to (NP (NP a host )NP (PP of (NP *UNKING banks )NP )PP )NP )PP )PP , (NP the state )NP (VP has (VP been (VP *UNKED (PP with (NP (NP (NP broadcast commercials )NP and (NP print advertising campaigns )NP )NP (VP (VP *UNKING (NP Texans )NP )VP and (VP *UNKING (NP outsiders )NP )VP )VP )NP )PP )VP )VP )VP . )S  STOP
(S (SBAR While (S (NP advertisers )NP (VP have (ADVP long )ADVP (VP appealed (PP to (NP (NP Texans ' )NP state pride and *UNK )NP )PP )VP )VP )S )SBAR , (NP the latest trend )NP (VP has (VP been (VP sparked , (PP in (NP part )NP )PP , (PP by (NP (NP the state 's )NP recent hard economic times )NP )PP )VP )VP )VP . )S  STOP
(S (S (NP That )NP (VP has (VP taken (NP (NP some )NP (PP of (NP the *UNK )NP )PP )NP (PP out (PP of (NP (NP *UNK )NP (SBAR (WHNP who )WHNP (S (VP like (S (VP to (VP *UNK (SBAR that (S (NP Texas )NP (VP is (NP (NP the only state )NP (SBAR (WHNP that )WHNP (S (VP was (ADVP once )ADVP (NP a nation )NP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )NP )PP )PP )VP )VP )S , but (S (NP it )NP (VP has (VP increased (NP (NP their legendary *UNK )NP (PP of (NP outsiders )NP )PP )NP )VP )VP )S . )S  STOP
(S (PP In (NP the past )NP )PP (PRN , (SINV (VP writes )VP (NP Houston *UNKC columnist Jim *UNKC )NP )SINV , )PRN (S (NP *UNK )NP (VP were (VP accepted (PP only after (S (VP passing (NP (NP a series )NP (PP of (NP (NP tests )NP (SBAR (S (VP to (VP prove (SBAR (S (NP they )NP (VP had (NP the `` right '' Texas attitudes )NP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )NP )VP )S )PP )VP )VP )S and `` (S (PP of (NP course )NP )PP (NP they )NP (VP had (S (VP to (VP be (VP *UNKED (PP for (NP *UNK )NP )PP )VP )VP )VP )S )VP )S . '' )S  STOP
(S (NP There )NP (VP is (NP no small *UNK )NP (PP in (NP the fact (SBAR that (S (NP (NP some )NP (PP of (NP the *UNK- advertising )NP )PP )NP (VP comes (NP (NP *UNK )NP (PP of (PRN -- (S (NP you )NP (VP *UNKED (NP it )NP )VP )S -- )PRN (NP outsiders )NP )PP )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP Lone Star 's )NP Bond Corp. parent )NP , (PP for (NP instance )NP )PP , (VP *UNK (PP from (NP (NP *UNKC )NP , (NP Australia )NP )NP )PP )VP . )S  STOP
(S (NP (NP North *UNKC )NP , (NP New *UNKC )NP , (NP Californians )NP , (NP *UNKC )NP and (NP *UNKC )NP )NP (VP own (NP Texas banks )NP )VP . )S  STOP
(S (NP (NP All kinds )NP (PP of (NP *UNK Texas real estate )NP )PP )NP (VP has (VP been (VP snapped (PRT up )PRT (PP by (NP *UNK- )NP )PP )VP )VP )VP . )S  STOP
(S (NP Even the *UNKED Dallas Cowboys )NP (VP were (VP bought (PP by (NP an Arkansas oil man )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP Texas )NP (VP has (VP lost (NP its *UNK )NP , (S (VP leaving (NP Texans )NP (PP with (NP a *UNK (S (VP to (VP feel (ADJP *UNK (PP about (NP themselves )NP )PP )ADJP )VP )VP )S )NP )PP )VP )S )VP )VP )S , '' (VP says )VP (NP (NP Stephen *UNKC )NP , (NP (NP a *UNK professor )NP (PP at (NP (NP *UNKC University )NP , (NP Houston )NP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP This )NP (VP plays (PP right into (NP (NP the hands )NP (PP of (NP the advertising agencies )NP )PP )NP )PP )VP . '' )S  STOP
(S (PP For (NP example )NP )PP , (NP (NP the *UNK- radio campaign )NP (PP for (NP (NP Thomas J. *UNKC Co. )NP , (NP (NP an (NAC *UNKC *UNKC , N.J. , )NAC unit )NP (PP of (NP *UNKC Unilever Group )NP )PP )NP , )NP )PP )NP (VP (ADVP *UNKLY )ADVP *UNK : `` (S (NP Real Texans )NP (VP do not (VP wear (NP *UNK- )NP -- (ADVP ever )ADVP )VP )VP )S )VP . )S  STOP
(S (S (NP Real Texans )NP (VP do n't (VP play (NP *UNK )NP )VP )VP )S , (S (ADVP at least )ADVP (NP I )NP (VP hope not )VP )S . )S  STOP
(S (NP This )NP (VP is (NP football country )NP )VP . )S  STOP
(S And (NP another thing )NP -- (S (NP real Texans )NP (VP drink (NP *UNKC *UNKED tea )NP )VP )S . '' )S  STOP
(S (PP In (S (VP developing (NP that theme )NP (PP at (NP (NP (NP Interpublic Group )NP (PP of (NP *UNKC . ' *UNKC )NP )PP )NP : (NP New York unit )NP )NP )PP )VP )S )PP , (NP account supervisor *UNKC *UNKC )NP (VP says (SBAR (S (NP she )NP (VP (VP made (NP (NP a `` couple )NP (PP of (NP (NP phone calls )NP '' (PP to (NP Dallas ad friends )NP )PP )NP )PP )NP )VP and (VP reported (NP her `` findings '' )NP (PP to (NP (NP a team )NP (PP of (NP writers )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(NP Her findings ? )NP  STOP
(FRAG `` (S (NP You )NP (VP know )VP )S (PRN , '' (S (NP she )NP (VP says )VP )S , )PRN `` (NP (NP *UNK stuff )NP (PP like (NP *UNK , *UNK and football )NP )PP )NP . '' )FRAG  STOP
(FRAG (NP Not exactly sophisticated market research )NP , but (SBAR (WHNP who )WHNP (S (VP *UNK (ADVP (ADVP as long )ADVP (SBAR as (S (NP the campaigns )NP (VP work )VP )S )SBAR )ADVP )VP )S )SBAR . )FRAG  STOP
(S And (NP ad agencies )NP (VP insist (SBAR that (S (NP they )NP (VP do )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP (PP of (NP (NP *UNKC Group Inc. )NP , (NP Dallas )NP , )NP )PP )NP (VP tells (PP of (NP (NP the *UNKC )NP (SBAR (WHNP who )WHNP (S (VP (VP saw (NP (NP (NP the agency 's )NP *UNKING commercial )NP (PP for (NP First *UNKC Bank *UNKC )NP )PP -- (ADJP complete (PP with (NP (NP the state 's )NP *UNK )NP )PP )ADJP -- )NP )VP and (VP (ADVP promptly )ADVP invested (NP $ 100,000 )NP (PP in (NP (NP the thrift 's )NP CDs )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (ADVP Never )ADVP (VP mind (SBAR that (S (NP First *UNKC )NP (VP is (NP (NP one )NP (PP of (NP (NP the failed Texas thrifts )NP (VP taken (PRT over )PRT (PP by (NP (NP outsiders )NP -- (PP in (NP this case )NP )PP , (NP (NP an investor group )NP (VP headed (PP by (NP New York financier Ronald *UNKC )NP )PP )VP )NP )NP )PP )VP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The North Texas Chevy Dealers )NP (ADVP recently )ADVP (VP had (NP a record sales month )NP (PP after (NP (NP the debut )NP (PP of (NP (NP ad campaign )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP its nose )NP (PP at (NP *UNK *UNKC )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S And (NP (NP deposits )NP (PP at (NP (NP *UNKC Texas National Bank )NP , (NP (NP a unit )NP (PP of (NP (NP *UNKC Corp. )NP , (NP (NP Charlotte )NP , (NP N.C. )NP )NP )NP )PP )NP , )NP )PP )NP (VP have (VP increased (NP (QP $ 2 billion )QP )NP (PP since (NP last year )NP )PP (PP after (NP (NP heavy advertising )NP (VP *UNKING (NP (NP commitment )NP (PP to (NP Texas )NP )PP )NP )VP )NP )PP )VP )VP . )S  STOP
(SINV `` (S (ADVP Obviously )ADVP , (NP pride )NP (VP sells (PP in (NP Texas )NP )PP )VP )S , '' (VP says )VP (NP (NP a spokeswoman )NP (PP for (NP (NP *UNKC Inc. )NP , (NP (NP Omaha )NP , (NP Neb. )NP , )NP (SBAR (WHNP which )WHNP (S (VP represents )VP )S )SBAR )NP )PP )NP )SINV  STOP
(S (NP The ad campaigns )NP (ADVP usually )ADVP (VP follow (NP (NP one )NP (PP of (NP (NP three tracks )NP -- (S (VP (VP *UNKING (NP (NP the company 's )NP ` *UNKC )NP )VP , ' (VP *UNKING (PRT out )PRT (NP (NP (NP the competition 's )NP lack )NP (ADVP *UNK )ADVP )NP )VP , or (VP trying (S (VP to (VP be (ADJP (ADJP more *UNKC )ADJP (PP than (NP Texans )NP )PP )ADJP )VP )VP )S )VP )VP )S )NP )PP )NP )VP . )S  STOP
(SINV (S (NP Ford trucks )NP (VP may (VP *UNK (NP Chevy trucks )NP (PP in (NP (NP places )NP (PP like `` (NP (NP Connecticut )NP and (NP Long Island )NP )NP )PP )NP )PP )VP )VP )S , '' (VP *UNK )VP (NP (NP a commercial )NP (PP for (NP (NP Chevrolet )NP , (NP (NP a division )NP (PP of (NP General Motors Corp )NP )PP )NP )NP )PP )NP . )SINV  STOP
(S (NP (NP The commercial )NP , (VP created (PP by (NP (NP *UNKC , *UNKC & *UNKC Inc. )NP , (PP of (NP Dallas )NP )PP , )NP )PP )VP )NP (VP adds (ADVP *UNKLY )ADVP : `` (S (NP I )NP (VP bet (SBAR (S (NP (NP it )NP )NP (VP takes (NP a (ADJP real tough )ADJP truck )NP (S (VP to (VP haul (NP your *UNKC League *UNK )NP (PP to (NP the *UNK club )NP )PP )VP )VP )S )VP )S )SBAR )VP )S )VP . '' )S  STOP
(S (SBAR Because (S (NP they )NP (VP want (NP (NP a truck )NP (SBAR (WHNP that )WHNP (S (VP is `` (ADJP Texas tough )ADJP )VP )S )SBAR )NP )VP )S )SBAR (PRN , '' (S (NP the commercial )NP (VP concludes )VP )S , )PRN `` (NP Texans )NP (VP drive (NP Chevy )NP )VP . '' )S  STOP
(S (S (NP (NP J.C. Penney Co. )NP , (SBAR (WHNP which )WHNP (S (VP *UNKED (PP from (NP New York )NP )PP (PP to (NP suburban Dallas )NP )PP (ADVP (NP two years )NP ago )ADVP )VP )S )SBAR , )NP (VP (ADVP *UNKLY )ADVP *UNK (NP itself )NP (PP in (NP Texas pride )NP )PP (PP through (NP a *UNK- magazine ad )NP )PP )VP )S : (S `` (S (S (VP *UNKING (NP the *UNK- view )NP (S (VP to (VP *UNK (SBAR (WHNP what )WHNP (S (VP is (PP of (NP value )NP )PP (PP to (NP future generations )NP )PP )VP )S )SBAR )VP )VP )S )VP )S (VP is (NP (NP part )NP (PP of (NP the Lone Star *UNK )NP )PP )NP )VP )S , '' (NP the ad )NP (VP *UNK )VP )S . )S  STOP
(S `` (NP It )NP (VP 's (NP (NP part )NP (PP of (NP our style )NP )PP )NP , (ADVP too )ADVP )VP . '' )S  STOP
(S (PP According (PP to (NP several *UNK- sources )NP )PP )PP , (NP (NP *UNK )NP (PP to (NP the Texas banking market )NP )PP )NP (VP are (VP spending (NP a combined (QP $ 50 million )QP )NP (NP this year )NP (S (VP to (VP woo (NP Texans )NP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP *UNKING Texas banking institutions )NP (VP are (VP (ADVP *UNKLY )ADVP *UNKING (NP themselves )NP (PP as (NP (NP the only lenders )NP (SBAR (WHNP who )WHNP (S (ADVP truly )ADVP (VP care (PP about (NP the state )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP The *UNK- *UNK- sentiment )NP (PP among (NP bankers )NP )PP )NP (VP comes (PP from (NP (NP the Independent Bankers Association )NP (PP of (NP Texas )NP )PP )NP )PP , (SBAR although (S (NP (NP it )NP )NP (VP 's (ADJP hard )ADJP (S (VP to (VP tell (PP from (NP (NP *UNK )NP (PP of (NP the (ADJP (QP $ 5 million )QP )ADJP `` (NAC (NP The I 's )NP (PP of (NP Texas )NP )PP )NAC '' TV campaign )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP will (VP highlight (NP (NP (NP *UNKING scenes )NP (PP of (NP Texas )NP )PP )NP and (NP *UNKING , *UNK- music )NP )NP )VP )VP . )S  STOP
(S (NP *UNKING banks )NP (VP will (VP sign (NP (NP a `` Texas *UNKC )NP (PP of (NP *UNKC )NP )PP )NP )VP )VP . '' )S  STOP
(S But (PP in (NP (NP *UNK material )NP (PP for (NP the campaign )NP )PP )NP )PP , (NP the trade group )NP (VP urges (NP members )NP (S (VP to (VP `` arm '' (PP for (NP (NP a `` revolution '' )NP (PP against (NP big , *UNK- bank-holding companies )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP A video )NP (VP sent (PP to (NP association members )NP )PP )VP , (VP featuring (NP (NP *UNK )NP (PP of (NP (NP the *UNKC )NP , (NP *UNK )NP , (NP *UNK )NP and (NP (NP a *UNK )NP (PP of (NP Sam Houston )NP )PP )NP )NP )PP )NP )VP , )NP (VP does n't (VP *UNK (NP words )NP )VP )VP . )S  STOP
(S `` (S (NP Texans )NP (VP can (VP *UNK (NP a phony )NP (ADVP (NP a *UNK )NP away )ADVP )VP )VP )S , '' (NP the *UNK )NP (VP warns (NP outsiders )NP )VP . )S  STOP
(S `` So , (VP do n't (VP (VP come )VP and (VP try (S (VP to (VP *UNK (NP us )NP (PP with (NP (NP (FRAG a (INTJ *UNK )INTJ (NP *UNK )NP )FRAG )NP or (NP a *UNK hat )NP )NP )PP )VP )VP )S )VP )VP )VP . '' )S  STOP
(NP (NP Young & Rubicam 's )NP *UNKC )NP  STOP
(S (NP Young & Rubicam )NP , (S (VP fighting (NP charges (SBAR that (S (NP it )NP (VP *UNKED (NP *UNKC officials )NP (S (VP to (VP win (NP the *UNKC *UNKC Board ad account )NP )VP )VP )S (PP in (NP 1981 )NP )PP )VP )S )SBAR )NP )VP )S , (VP said (SBAR (S (NP it )NP (VP will (ADVP no longer )ADVP (VP create (NP (NP the tourist board 's )NP advertising )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP a statement )NP )PP , (NP (NP Alex *UNKC )NP , (NP (NP Young & Rubicam 's )NP chairman )NP , )NP (VP said `` (S (PP under (NP the present circumstances )NP )PP -LCB- (NP we )NP -RCB- (VP have (VP agreed (SBAR that (S (NP (NP it )NP )NP (VP is (ADJP prudent )ADJP (S (VP to (VP *UNK (NP that contract )NP )VP )VP )S )VP )S )SBAR )VP )VP )S )VP . '' )S  STOP
(S (NP Young & Rubicam )NP (VP has (VP pleaded (ADJP innocent (PP to (NP the charges )NP )PP )ADJP )VP )VP . )S  STOP
(S (NP The board )NP (VP would n't (VP comment (PP on (NP (NP its impending search )NP (PP for (NP (NP a new ad agency )NP (SBAR (S (VP to (VP handle (NP its (ADJP (QP estimated $ 5 million to $ 6 million )QP )ADJP account )NP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(NP Ad Notes ... . )NP  STOP
(NP NEW *UNKC : )NP  STOP
(S (NP (NP *UNKC *UNKC Inc. )NP , (NP (NP *UNKC )NP , (NP N.J. )NP , )NP )NP (VP awarded (NP its (ADJP estimated $ 5 million )ADJP account )NP (PP to (NP (NP *UNKING & *UNKC )NP , (NP New York )NP )NP )PP )VP . )S  STOP
(S (NP The account )NP (VP had (VP been (PP at (NP (NP Della Femina *UNKC WCRS )NP , (NP New York )NP )NP )PP )VP )VP . )S  STOP
(NP *UNKC *UNKC : )NP  STOP
(S (NP (NP *UNKC *UNKC & Klein )NP , (NP a small New York shop )NP , )NP (VP is (VP asking (NP magazine ad representatives )NP (S (VP to (VP tell (NP it )NP (SBAR (WHADVP when )WHADVP (S (NP major advertising *UNK )NP (VP will (VP run (PP in (NP their publications )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (NP It )NP (VP says (SBAR (S (NP it )NP (VP may (VP pull (NP (NP its clients ' )NP ads )NP (PP from (NP those magazines )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(NP *UNKC *UNKC : )NP  STOP
(S (NP Coca-Cola Co. )NP (VP said (SBAR (S (NP it )NP (VP produced (NP (NP a new version )NP (PP of (NP its 1971 `` (S (NP I )NP (VP 'd (VP like (S (VP to (VP teach (NP the world )NP (S (VP to (VP *UNKING )VP )VP )S )VP )VP )S )VP )VP )S '' commercial )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The ad )NP (VP is (NP (NP part )NP (PP of (NP (NP (NP *UNKC Coke 's )NP 1990 ad campaign )NP , (PP with (NP (NP the *UNK line )NP , `` (S (VP *UNK n't (VP beat (NP the Real *UNKING )NP )VP )VP )S )NP )PP )NP )PP )NP )VP . '' )S  STOP
(S (NP (NP *UNKC star Michael Jordan )NP and (NP singer *UNKC *UNKC )NP )NP (VP have (ADVP also )ADVP (VP agreed (S (VP to (VP appear (PP in (NP ads )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Dell Computer Corp. )NP , (VP squeezed (PP by (NP (NP (NP price pressure )NP (PP from (NP its larger competitors )NP )PP )NP and (NP (NP delays )NP (PP in (NP its new product line )NP )PP )NP )NP )PP )VP , )NP (VP said (SBAR (S (NP (NP its per-share earnings )NP (PP for (NP fiscal 1990 )NP )PP )NP (VP will (VP be (NP half its previous forecasts )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Although (S (NP the personal computer maker )NP (VP said (SBAR (S (NP it )NP (VP expects (S (NP revenue )NP (VP to (VP meet or exceed (NP (NP previous projections )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP (PP for (NP (NP the year )NP (VP ending (NP Jan. 28 , 1990 )NP )VP )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP )S )SBAR , (NP earnings )NP (VP are (VP expected (S (VP to (VP be (NP (NP (NP 25 cents )NP to (NP 35 cents )NP )NP (NP a share )NP )NP , (ADVP down (PP from (NP (NP previous estimates )NP (PP of (NP (NP 50 cents )NP to (NP 60 cents )NP )NP )PP )NP )PP )ADVP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Earnings )NP (PP for (NP fiscal 1989 )NP )PP )NP (VP were (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 80 cents )NP (NP a share )NP )NP , )NP (PP on (NP (NP sales )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Results )NP (PP for (NP (NP the third quarter )NP (VP ending (NP Oct. 31 )NP )VP )NP )PP )NP , (VP are (VP expected (S (VP to (VP be (VP released (NP (NP the third week )NP (PP of (NP November )NP )PP )NP )VP )VP )VP )S , (PP according (PP to (NP (NP Michael Dell )NP , (NP (NP chairman )NP and (NP chief executive officer )NP )NP )NP )PP )PP )VP )VP . )S  STOP
(S (NP Mr. Dell )NP (VP (VP said (SBAR (S (NP he )NP (VP does n't (VP expect (NP (NP a loss )NP (PP in (NP either the third or fourth quarter )NP )PP )NP )VP )VP )S )SBAR )VP , but (VP said (SBAR (S (NP third-quarter earnings )NP (VP could (VP be (ADJP (ADJP as low )ADJP (PP as (NP (NP four cents )NP (NP a share )NP )NP )PP )ADJP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP the third quarter )NP )PP (NP last year )NP , (NP Dell )NP (VP had (NP (NP net income )NP (PP of (NP (NP (QP $ 5 million )QP )NP , or (NP (NP 26 cents )NP (NP a share )NP )NP )NP )PP )NP , (PP on (NP (NP sales )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Mr. Dell )NP (VP attributed (NP the earnings slide )NP (PP to (NP (NP new product delays )NP , (PP such as (NP (NP a laptop )NP (VP scheduled (PP for (NP September )NP )PP )VP (SBAR (WHNP that )WHNP (S (VP wo n't (VP be (VP introduced (PP until (NP early November )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP Some delays )NP (VP have (VP been (VP caused (PP by (NP (NP a shortage )NP (PP of (NP (NP *UNK )NP -- (NP (NP notably (NP Intel Corp. 's )NP *UNK chip )NP , (NP the 486 )NP )NP -- )NP )PP )NP )PP )VP )VP )VP )S but (S (NP others )NP (ADVP apparently )ADVP (VP have (VP been (VP caused (PP by (NP (NP Dell 's )NP (NX (NX *UNK growth )NX and (NX (ADJP *UNKLY stretched )ADJP resources )NX )NX )NP )PP )VP )VP )VP )S . )S  STOP
(SINV `` (S (NP They )NP (VP 've (VP got (S (NP (NP a lot )NP (PP of (NP different *UNK )NP )PP )NP (PP in (NP the air )NP )PP (PP at (NP the same time )NP )PP )S )VP )VP )S , '' (VP *UNK )VP (NP (NP Jim *UNKC )NP , (NP (NP a computer securities analyst )NP (PP with (NP *UNKED William K. *UNKC & Co )NP )PP )NP )NP . )SINV  STOP
(S (NP Mr. Dell )NP , (ADVP meanwhile )ADVP , (VP concedes (SBAR (S (NP the company )NP (VP was `` (ADVP definitely )ADVP (ADJP too optimistic )ADJP '' (PP in (NP its expectations )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC delays )NP , (ADVP however )ADVP , (VP have (VP left (S (NP Dell )NP (VP *UNKED (PP by (NP (NP *UNK competition )NP (PP in (NP (NP its *UNK- line )NP (PP of (NP desktop computers )NP )PP )NP )PP )NP )PP )VP )S , (SBAR as (S (NP (NP *UNK competitors )NP (NP (NP Compaq Computer Corp. )NP and (NP International Business Machines Corp. )NP )NP )NP (VP price (NP their PCs )NP (ADVP more aggressively )ADVP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The result )NP (VP has (VP been (NP (NP *UNK margins )NP , (SBAR (WHNP which )WHNP (S (VP have (VP been (VP (ADVP further )ADVP *UNKED (PP by (NP (NP an ambitious research and development effort )NP and (NP rapid overseas expansion )NP )NP )PP )VP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC James Weil )NP (PP of (NP the *UNKC Financial Group )NP )PP )NP (VP believes (SBAR (S (NP (NP Dell 's )NP response )NP (VP has (VP been (S (VP to (VP place (NP increased emphasis )NP (PP on (NP product quality )NP )PP , `` (PP in (NP an effort (S (VP to (VP rise (PP above (NP (NP some )NP (PP of (NP that price pressure )NP )PP )NP )PP )VP )VP )S )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . '' )S  STOP
(S But (NP that )NP (VP has (VP been (NP (NP the key )NP (PP to (NP (NP Compaq 's )NP success )NP )PP )NP (PRN , (S (NP he )NP (VP adds )VP )S , )PRN (SBAR *UNK (S (S (NP Dell )NP (VP *UNKED (PRT out )PRT (NP its market niche )NP (PP as (NP (NP a direct seller )NP (PP of (NP (ADJP low-cost but *UNK )ADJP computers )NP )PP )NP )PP )VP )S -- and (S (NP it )NP (VP might (VP be (ADJP too late (PP in (NP the game )NP )PP )ADJP (PP for (NP (NP a shift )NP (PP in (NP strategy )NP )PP )NP )PP )VP )VP )S )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP national over-the-counter trading )NP )PP , (NP Dell )NP (VP closed (NP yesterday )NP (PP at (NP (NP $ 6 )NP (NP a share )NP )NP )PP , (ADVP down (NP 87.5 cents )NP )ADVP )VP . )S  STOP
(S (NP (NP (NP *UNKC Holdings PLC )NP , (NP a *UNKED , South *UNKED financial services investment group )NP )NP , and (NP (NP France 's )NP Societe *UNKC Union des *UNKC de Paris )NP )NP (VP reached (NP (NP an accord )NP (VP (ADVP effectively )ADVP reducing (NP (NP chances )NP (PP of (NP (NP an unfriendly takeover )NP (PP for (NP Sun Life *UNKC Society PLC )NP )PP )NP )PP )NP )VP )NP )VP . )S  STOP
(S (PP In (NP a joint statement )NP )PP , (NP (NP the two companies )NP , (SBAR (WHNP whose combined holdings )WHNP (S (VP equal (NP (NP *UNKN % )NP (PP of (NP (NP Sun Life 's )NP ordinary shares )NP )PP )NP )VP )S )SBAR , )NP (VP said (SBAR (S (NP their agreement )NP (VP is (VP aimed (PP at (S (VP reducing `` (NP (NP the uncertainty and *UNK )NP (PP for (NP Sun Life )NP )PP (SBAR (WHNP that )WHNP (S (VP has (VP resulted (PP from (S (NP two major shareholders )NP (VP owning '' (NP (NP a controlling interest )NP (PP in (NP the company )NP )PP )NP )VP )S )PP )VP )VP )S )SBAR )NP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP , (SBAR (WHNP whose *UNKC Investments Ltd. unit )WHNP (S (VP owns (NP (NP the largest minority stake )NP (PP in (NP Sun Life )NP )PP )NP )VP )S )SBAR , )NP (VP has (VP agreed (S not (VP to (VP make (NP (NP a takeover bid )NP (PP for (NP the British life insurer )NP )PP )NP (PP without (NP (NP the prior consent )NP (PP of (NP (NP the French company )NP , (VP known (PP as (NP *UNKC )NP )PP )VP )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (PP In (NP return )NP )PP , (NP the agreement )NP (VP would (VP force (S (NP *UNKC )NP (VP to (VP (VP buy (NP (NP (NP *UNKC 's )NP (ADJP *UNKN % )ADJP holding )NP (PP in (NP Sun Life )NP )PP )NP )VP or (VP sell (NP its (ADJP *UNKN % )ADJP stake )NP (PP to (NP *UNKC )NP )PP (PP at (NP (NP a price )NP (VP set (PP by (NP *UNKC )NP )PP )VP )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP *UNKC Petroleum Services Inc. )NP (VP said (SBAR (S (NP it )NP (VP (VP agreed (S (VP to (VP buy (NP (NP *UNKING assets )NP (PP of (NP two companies )NP )PP )NP )VP )VP )S )VP and (VP expects (S (VP to (VP report (NP higher third-quarter revenue and earnings )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP the year-earlier quarter )NP )PP , (NP the *UNKING contractor )NP (VP had (NP (NP net income )NP (PP of (NP (NP $ *UNKN )NP , or (NP (NP 3 cents )NP (NP a share )NP )NP , )NP )PP (PP on (NP (NP revenue )NP (PP of (NP (QP about $ 15 million )QP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Results )NP (PP for (NP the earlier quarter )NP )PP )NP (VP included (NP a (ADJP $ 100,000 )ADJP restructuring charge )NP )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP the Houston concern )NP (VP said (SBAR (S (NP it )NP (VP signed (NP (NP letters )NP (PP of (NP intent )NP )PP (PP for (NP (NP the cash and stock purchases )NP (PP of (NP (NP a total )NP (PP of (NP 29 *UNKING *UNK )NP )PP )NP )PP (PP from (NP (NP two concerns )NP (VP located (PP in (NP (NP New Mexico )NP and (NP California )NP )NP )PP )VP )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP (VP did n't (VP disclose (NP *UNK )NP )VP )VP but (VP said (SBAR (S (NP it )NP (VP expects (S (VP to (VP complete (NP the purchases )NP (PP by (NP Nov. 1 )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP *UNKC Ltd. )NP , (NP New York )NP , )NP (VP reported (SBAR (S (NP third-quarter net income )NP (VP edged (ADVP up )ADVP (SBAR as (S (NP (NP growth )NP (PP in (NP its *UNK- services sector )NP )PP )NP (VP offset (NP (NP a decline )NP (PP in (NP interest income )NP )PP )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP The lower interest income )NP (VP occurred (SBAR because (S (NP *UNKC )NP (VP spent (NP (QP $ 1.2 billion )QP )NP (S (VP buying (PRT back )PRT (NP its stock )NP )VP )S (NP last year )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Net )NP (PP for (NP the *UNK- services and electronic measurements and systems concern )NP )PP )NP (VP rose (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 48 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 42 cents )NP (NP a share )NP )NP , )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP . )S  STOP
(S (NP Per-share earnings )NP (VP advanced (NP 14 % )NP (PP because of (NP the buy-back )NP )PP )VP . )S  STOP
(S (NP Revenue )NP (VP declined (NP 6.3 % )NP (PP to (NP (QP $ 1.11 billion )QP )NP )PP (PP from (NP (QP $ 1.18 billion )QP )NP )PP )VP . )S  STOP
(S But (PP excluding (NP (NP businesses )NP (VP acquired or sold )VP )NP )PP , (NP revenue )NP (VP was (ADJP flat )ADJP (PP at (NP (QP about $ 1.24 billion )QP )NP )PP )VP . )S  STOP
(S (NP *UNKC net )NP (VP fell (NP 9.5 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP . )S  STOP
(S (NP Revenue )NP (VP dropped (NP 5.4 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP (NP This year 's )NP nine-month results )NP (VP include (NP (NP gains )NP (PP of (NP (NP (NP (NP (QP $ 13 million )QP )NP , or (NP (NP five cents )NP (NP a share )NP )NP , )NP (PP from (NP (NP the sale )NP (PP of (NP (NP *UNKC 's )NP defense systems business )NP )PP )NP )PP )NP , and (NP (NP (NP (QP $ 22 million )QP )NP , or (NP (NP nine cents )NP (NP a share )NP )NP , )NP (PP from (NP (NP an award )NP (PP by (NP the *UNKC . *UNKC *UNKC )NP )PP )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (NP The year-earlier nine months )NP (VP include (NP (NP a gain )NP (PP of (NP (NP (QP $ 35 million )QP )NP , or (NP (NP 13 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP sale )NP (PP of (NP (NP the company 's )NP *UNKC Control & *UNKC division )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP NEW *UNKC *UNKC *UNKC Inc. )NP (VP offered (NP (NP (QP $ 35 million )QP )NP (PP in (NP convertible subordinated debentures )NP )PP )NP (PP through (NP (NP Morgan Stanley & Co. )NP and (NP Prudential-Bache Capital Funding )NP )NP )PP )VP . )S  STOP
(S (NP (NP The debentures )NP , (ADJP due (PP in (NP *UNKN )NP )PP )ADJP , )NP (VP have (NP (NP a coupon )NP (PP of (NP (QP 7 3\/4 )QP % )NP )PP , (ADJP payable (ADVP *UNKLY )ADVP )ADJP )NP )VP . )S  STOP
(S (NP The debentures )NP (VP may (VP be (VP converted (PP into (NP (NP common stock )NP (PP of (NP the (NAC *UNKC , Mass. , )NAC home health care concern )NP )PP )NP )PP (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP )VP )VP )VP . )S  STOP
(S (NP Proceeds )NP (VP will (VP be (VP used (PP for (NP (NP working capital )NP and (NP (NP general corporate purposes )NP , (PP including (NP (NP expansion )NP (PP of (NP (NP the company 's )NP operations )NP )PP )NP )PP )NP )NP )PP )VP )VP )VP . )S  STOP
(S (NP The French building group *UNKC S.A. )NP (VP said (SBAR (S (NP profit )NP (VP jumped (NP 70 % )NP (PP in (NP (NP the first half )NP (PP of (NP 1989 )NP )PP )NP )PP , (PP partly on (NP (NP the strength )NP (PP of (NP (NP *UNKING gains )NP (PP from (NP (NP a share issue )NP (PP by (NP its Canadian unit )NP )PP )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP (NP group profit )NP (PP after (NP (NP payments )NP (PP to (NP minority interests )NP )PP )NP )PP )NP (VP rose (PP to (NP (NP (QP *UNKN million )QP francs )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP )PP (PP from (NP *UNKN million )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP 40 % )NP (PP to (NP (QP *UNKN billion )QP francs )NP )PP (PP from (NP (QP *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP The group )NP (VP noted (SBAR that (S (NP (NP (QP 75 million )QP francs )NP (PP of (NP the advance )NP )PP )NP (VP reflected (NP (NP a one-time gain )NP (PP from (NP (NP the June offering )NP (PP by (NP (NP its United *UNKC unit )NP (PP in (NP Canada )NP )PP )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP did n't (VP say (SBAR if (S (NP its year-earlier results )NP (VP were (VP influenced (ADVP significantly )ADVP (PP by (NP *UNKING elements )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP For (NP (NP all )NP (PP of (NP 1988 )NP )PP )NP )PP , (NP *UNKC )NP (VP had (NP (NP group profit )NP (PP of (NP (QP *UNKN million )QP francs )NP )PP )NP (PP after (NP (NP payment )NP (PP to (NP minority interests )NP )PP )NP )PP )VP . )S  STOP
(S (NP Revenue )NP (VP was (NP (QP *UNKN billion )QP francs )NP )VP . )S  STOP
(S (NP The group )NP (VP has n't (VP forecast (NP (NP full-year earnings )NP (PP for (NP 1989 )NP )PP )NP , (SBAR although (S (NP it )NP (VP said (SBAR that (S (NP its first-half results )NP (VP are n't (NP a good indication )NP (PP because of (NP (NP one-time elements )NP and (NP (NP the seasonal nature )NP (PP of (NP its operations )NP )PP )NP )NP )PP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP (NP Tuesday 's )NP earthquake )NP (VP will (VP (VP *UNK (NP local real-estate values )NP (PP in (NP the short term )NP )PP )VP and (VP force (S (NP companies )NP (VP to (VP reconsider (S (VP (VP expanding (PP in )PP )VP or (VP *UNKING (PP to )PP )VP (NP (NP the Bay Area )NP and (NP California )NP )NP )VP )S )VP )VP )S )VP )VP )VP )S , (NP real-estate and relocation specialists )NP (VP said )VP . )S  STOP
(S (NP Few specialists )NP (VP said (SBAR (S (NP they )NP (VP expect (S (NP the quake )NP (VP to (VP have (NP (NP much )NP (PP of (NP (NP an effect )NP (PP on (NP most California property values )NP )PP )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S But (NP real-estate experts and brokers )NP (VP said (SBAR (S (NP the quake )NP (ADVP *UNKLY )ADVP (VP will (VP drag (PRT down )PRT (NP prices )NP (PP in (NP (NP neighborhoods )NP (VP built (PP on (NP (ADJP less stable )ADJP ground )NP )PP )VP )NP )PP , (PP especially in (NP the Bay Area )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (NP California prices )NP (VP were (ADVP already )ADVP (VP coming (ADVP down )ADVP )VP )VP . )S  STOP
(SINV (S (NP This )NP (VP is n't (VP going (S (VP to (VP help )VP )VP )S )VP )VP )S , '' (VP said )VP (NP (NP Kenneth T. Rosen )NP , (NP (NP chairman )NP (PP of (NP (NP the Center )NP (PP for (NP Real Estate and Urban Economics )NP )PP (PP at (NP (NP the University )NP (PP of (NP California )NP )PP (PP at (NP Berkeley )NP )PP )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP State housing prices )NP , (PP at (NP a *UNK $ *UNKN )NP )PP , )NP (VP have (VP declined (PP in (NP recent months )NP )PP (PP because of (NP (NP potential buyers ' )NP inability (S (VP to (VP afford (NP homes )NP )VP )VP )S )NP )PP )VP )VP . )S  STOP
(S (NP Mr. Rosen )NP , (PP among (NP others )NP )PP , (VP suggested (SBAR that (S (NP (NP the quake )NP , (NP (NP the strongest )NP (PP since (NP (NP the 1906 temblor )NP (SBAR (WHNP that )WHNP (S (VP struck (NP San Francisco )NP )VP )S )SBAR )NP )PP )NP , )NP (VP will (PP in (NP the short term )NP )PP (VP create (NP (NP a *UNK- price system )NP (PP for (NP *UNK- communities )NP )PP , (PP with (NP (NP *UNK )NP (VP built (PP on (NP *UNK ground )NP )PP )VP (ADJP likely (S (VP to (VP demand (NP higher prices )NP )VP )VP )S )ADJP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP One San Francisco neighborhood )NP (ADJP likely (S (VP to (VP test (NP (NP Mr. Rosen 's )NP theory )NP (ADVP soon )ADVP )VP )VP )S )ADJP )NP (VP is (NP (NP (NP the city 's )NP fashionable Marina district )NP , (SBAR (WHNP which )WHNP (S (VP boasts (NP (NP some )NP (PP of (NP (NP the highest home prices )NP (PP in (NP the state )NP )PP )NP )PP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP The district )NP , (VP built (PP on (NP *UNK )NP )PP )VP , )NP (VP suffered (NP (NP heavy quake damage )NP , (PP including (NP collapsed buildings )NP )PP )NP )VP . )S  STOP
(S (NP Yesterday )NP , (NP the city )NP (VP (VP *UNKED (NP (NP two *UNK )NP (PP in (NP the district )NP )PP )NP (PP because of (NP severe structural damage )NP )PP )VP and (VP said (SBAR (S (NP (NP (QP as many as 19 )QP )NP (PP of (NP (NP the district 's )NP 350 *UNK )NP )PP )NP (VP might (VP have (S (VP to (VP be (VP *UNKED )VP )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP agreed (PP with (NP the *UNK- price theory )NP )PP )VP . )S  STOP
(SINV `` (S (NP My *UNK feeling )NP (VP is (SBAR that (S (NP the Marina properties )NP (VP will (VP be (VP affected )VP )VP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP Grace *UNKC )NP , (NP (NP senior vice president )NP (PP at (NP *UNKC & *UNKC *UNKC *UNKC Inc )NP )PP )NP )NP . )SINV  STOP
(S (S (NP Neither (NP she )NP nor (NP other real-estate executives and brokers )NP )NP (VP could (VP project (SBAR (WHNP (WHADJP how much )WHADJP less )WHNP (S (NP Marina properties )NP (VP might (VP bring )VP )VP )S )SBAR )VP )VP )S , but (S (NP she )NP (VP said (SBAR (S (NP the *UNK- price structure )NP (VP would (VP affect (NP prices )NP `` (PP for (NP a while )NP )PP )VP )VP )S )SBAR )VP )S . '' )S  STOP
(S (NP Mr. Rosen )NP (VP said (SBAR (S (NP the quake )NP (VP will (VP revive (NP (NP consumer interest )NP (PP in (NP (NP a *UNKED 1972 state law )NP (SBAR (WHNP that )WHNP (S (VP requires (S (NP brokers )NP (VP to (VP disclose (PP to (NP potential buyers )NP )PP (SBAR (WHADVP how close )WHADVP (S (NP a property )NP (VP *UNK (PP to (NP a fault line )NP )PP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Because of (NP (NP the size )NP (PP of (NP the California market )NP )PP )NP )PP , (NP few relocation specialists )NP (VP expect (NP a widespread corporate flight )NP (PP in (NP (NP the quake 's )NP aftermath )NP )PP )VP . )S  STOP
(S But (NP they )NP (VP said (SBAR (S (NP the quake )NP (VP will (VP force (S (NP some companies )NP (VP to (VP *UNK or expand (NP (NP part or all )NP (PP of (NP their operations )NP )PP )NP (PP outside (NP the state )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (SBAR (WHNP What )WHNP (S (NP you )NP (VP 're (VP going (S (VP to (VP get )VP )VP )S )VP )VP )S )SBAR (VP is (NP ` (S (NP We )NP (VP do n't (VP want (S (VP to (VP put (NP (NP all )NP (PP of (NP our eggs )NP )PP )NP (PP in (NP one basket )NP )PP )VP )VP )S )VP )VP )S ' theory )NP )VP )S , '' (VP said )VP (NP (NP James H. *UNKC )NP , (NP (NP president )NP (PP of (NP (NP *UNKC Management Services Inc. )NP , (NP a (NAC Palo Alto , Calif. , )NAC relocation concern )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP Mr. *UNKC )NP , (PP among (NP others )NP )PP , (VP said (SBAR (S (NP the quake )NP (VP will (VP *UNK (S (NP (NP companies )NP (PP in (NP (NP certain industries )NP , (PP like (NP semiconductors , computers and aerospace )NP )PP , )NP )PP )NP (VP to (VP consider (S (VP moving (NP (NP operations )NP (SBAR (WHNP that )WHNP (S (VP involve (NP (ADJP particularly sensitive )ADJP machinery )NP )VP )S )SBAR )NP (PP to (NP (NP locations )NP (PP outside (NP California )NP )PP )NP )PP )VP )S )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (S (PP Because of (NP the quake threat )NP )PP , `` (NP some firms )NP (VP have (VP (VP *UNKED (SBAR (WHNP what )WHNP (S (NP the cost )NP (VP is (S (VP to (VP shore (PRT up )PRT (NP their buildings )NP )VP )VP )S )VP )S )SBAR )VP and (VP compared (NP it )NP (PP with (NP (NP the cost )NP (PP of (S (VP building (NP it )NP (ADVP *UNK )ADVP )VP )S )PP )NP )PP )VP )VP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP One Southern California aerospace firm )NP , (PP for (NP example )NP )PP , (ADVP (NP two months )NP ago )ADVP (VP asked (NP *UNKC Management )NP (S (VP to (VP compare (NP (NP the costs )NP (PP of (S (VP *UNKING (NP its current building )NP (PP against (NP earthquakes )NP )PP )VP )S )PP )NP (PP with (NP (NP the cost )NP (PP of (S (VP building (NP a new structure )NP (ADVP elsewhere )ADVP )VP )S )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP A new *UNKING )NP (VP would (VP cost (NP (QP $ 21 million )QP )NP (PRN , (S (NP *UNKC Management )NP (VP found )VP )S , )PRN (PP compared (PP with (S (NP (QP $ 22 million )QP )NP (VP to (VP make (S (NP the present building )NP (ADJP *UNK- )ADJP )S )VP )VP )S )PP )PP )VP )VP . )S  STOP
(S (NP The company )NP (PRN , (S (NP Mr. *UNKC )NP (VP said )VP )S , )PRN (VP has n't (ADVP yet )ADVP (VP determined (SBAR (WHNP what )WHNP (S (VP to (VP do )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC *UNKC )NP , (NP (NP Pasadena )NP , (NP Calif. )NP , )NP )NP (VP said (SBAR (S (NP it )NP (VP would n't (VP pay (NP its fourth-quarter dividend )NP , (PP despite (NP (NP a (ADJP 44 % )ADJP increase )NP (PP in (NP third-quarter earnings )NP )PP , (PP to (NP (NP (QP $ 3.5 million )QP )NP , or (NP (NP 42 cents )NP (NP a share )NP )NP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Net income )NP (VP included (NP (NP a gain )NP (PP of (NP $ *UNKN )NP )PP (PP on (NP asset sales )NP )PP )NP )VP )S , (NP the real estate investment trust )NP (VP said )VP . )S  STOP
(S (ADVP (NP A year )NP earlier )ADVP , (NP Nationwide Health )NP (VP earned (NP (NP (QP $ 2.4 million )QP )NP , or (NP (NP 29 cents )NP (NP a share )NP )NP )NP )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP 3 % )NP (PP to (NP (QP $ 9 million )QP )NP )PP (PP from (NP (QP $ 8.8 million )QP )NP )PP )VP . )S  STOP
(S (NP Nationwide Health )NP (VP said (SBAR that (S (SBAR although (S (NP it )NP (VP has (NP (NP the cash )NP (SBAR (S (VP to (VP cover (NP the *UNK- dividend )NP )VP )VP )S )SBAR )NP )VP )S )SBAR , (NP its banks )NP (VP have (VP denied (NP (NP the company 's )NP request (S (VP to (VP pay (NP it )NP )VP )VP )S )NP (SBAR because (S (NP the trust )NP (VP has n't (VP met (NP certain terms )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Nationwide Health )NP (VP said (SBAR (S (NP it )NP (VP (VP has (S `` (NP numerous financing activities )NP '' (PP under (NP way )NP )PP )S (S (VP to (VP *UNK (NP the problem )NP )VP )VP )S )VP and (VP will (VP make (PRT up )PRT (NP the dividend payment )NP (ADVP later )ADVP (SBAR if (FRAG (ADJP possible )ADJP )FRAG )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC Rey S.A. )NP , (NP a French paper producer )NP , )NP (VP said (SBAR (S (NP it )NP (VP concluded (NP (NP an agreement )NP (PP with (NP (NP Japan 's )NP Fuji *UNKC Film Co. )NP )PP (SBAR (WHNP that )WHNP (S (VP will (VP allow (S (NP *UNKC Rey )NP (VP to (VP manufacture and sell (NP *UNK paper )NP (S (VP using (NP Fuji technology )NP )VP )S )VP )VP )S )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Rey )NP (VP is (NP (NP a leading French maker )NP (PP of (NP copying and electronic printing paper )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC paper )NP (VP is (VP used (PP in (NP facsimile machines )NP )PP )VP )VP . )S  STOP
(S (NP (NP Terms )NP (PP of (NP the agreement )NP )PP )NP (VP were n't (VP disclosed )VP )VP . )S  STOP
(S (NP (NP *UNKC Rey 's )NP move )NP (VP follows (NP (NP similar *UNKING agreements )NP (PP between (NP (NP (NP Japanese producers )NP (PP of (NP *UNK paper )NP )PP )NP and (NP European paper groups )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC Grace & Co. )NP , (NP New York )NP , )NP (VP said (SBAR (S (NP (NP its earnings )NP (PP for (NP the third quarter )NP )PP )NP (VP (ADVP nearly )ADVP doubled (PP as (NP (NP a result )NP (PP of (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP *UNK- gain )NP (PP from (NP (S (VP restructuring (NP its energy operations )NP )VP )S and (NP other adjustments )NP )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Net income )NP (VP rose (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ 1.15 )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 60 cents )NP (NP a share )NP )NP , )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP . )S  STOP
(S (NP Sales )NP (VP increased (NP 7 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP The gain )NP (VP resulted (PP from (NP (NP (NP the sale )NP (PP of (NP Grace Equipment Co. )NP )PP )NP , (NP (NP the initial public offering )NP (PP of (NP (NP a *UNK- interest )NP (PP in (NP Grace Energy Corp. )NP )PP )NP )PP )NP and (NP (NP an adjustment )NP (PP in (NP (NP the carrying value )NP (PP of (NP (NP certain natural *UNK assets )NP (NP (NP not part )NP (PP of (NP Grace Energy )NP )PP )NP )NP )PP )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP (NP The international specialty chemical company 's )NP earnings )NP (VP were (VP hurt (PP by (NP (NP an *UNK )NP (PP for (NP *UNK- rights )NP )PP (SBAR (WHNP that )WHNP (S (VP reflected (NP (NP (NP a (ADJP 19 % increase )ADJP )NP (PP in (NP the stock price )NP )PP )NP , and (NP higher interest expenses )NP )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC American Corp. )NP (PP of (NP South Africa Ltd. )NP )PP )NP (VP said (SBAR (S (NP (NP the third-quarter combined profit )NP (PP of (NP its six gold mines )NP )PP )NP (VP dropped (NP 8.5 % )NP (PP from (NP the previous quarter )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Total net income )NP (VP fell (PP to (NP (NP (QP *UNKN million )QP *UNK )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP )PP (PP from (NP (QP *UNKN million )QP *UNK )NP )PP (PP in (NP the June quarter )NP )PP )VP . )S  STOP
(S (NP (NP Total gold production )NP (PP by (NP all six mines )NP )PP )NP (VP rose (NP 4 % )NP (PP to (NP *UNKN *UNK )NP )PP (PP from (NP (NP *UNKN *UNK )NP (PP in (NP the previous quarter )NP )PP )NP )PP )VP . )S  STOP
(S (NP *UNKC Industries Ltd. )NP (VP said (SBAR (S (NP it )NP (VP increased (NP (NP its stake )NP (PP in (NP Western Forest Products Ltd. )NP )PP )NP (PP to (NP 56 % )NP )PP (PP from (NP 22 % )NP )PP , (PP through (NP (NP a *UNK- transaction )NP (VP valued (PP at (NP (NP (QP *UNKN million )QP Canadian dollars )NP (PRN -LRB- (NP (QP $ *UNKC million )QP )NP -RRB- )PRN )NP )PP )VP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP is (VP based (PP in (NP (NP *UNKC )NP , (NP British Columbia )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The company )NP , (VP founded and controlled (PP by (NP (NP *UNKC *UNKC )NP , (NP its chairman and president )NP , )NP )PP )VP )NP (VP said (SBAR (S (NP the purchase )NP (VP would (VP make (S (NP it )NP (NP (NP Canada 's )NP (ADJP *UNK largest )ADJP forest products company )NP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Under (NP (NP terms )NP (PP of (NP (NP the transaction )NP , (SBAR (WHNP which )WHNP (S (VP was (VP proposed (PP in (NP June )NP )PP )VP )VP )S )SBAR , )NP )PP )NP )PP (NP *UNKC )NP (VP said (SBAR (S (S (NP it )NP (VP acquired (NP (NP (NP International Forest Products Ltd. 's )NP (ADJP 22 % )ADJP stake )NP (PP in (NP Western Forest )NP )PP )NP )VP )S , and (S (NP Western Forest )NP , (PP in (NP a related transaction )NP )PP , (VP bought (PRT back )PRT (NP (NP a (ADJP 22 % )ADJP interest )NP (PP in (NP the company )NP )PP )NP (PP from (NP *UNKC *UNKC Canada Ltd )NP )PP )VP )S )S )SBAR )VP . )S  STOP
(S (NP The *UNKC *UNKC Canada stake )NP (VP was (ADVP then )ADVP (VP canceled (PRN , (S (NP *UNKC )NP (VP said )VP )S , )PRN (S (VP raising (NP (NP (NP *UNKC 's )NP interest )NP (PP in (NP Western Forest )NP )PP )NP (PP to (NP 56 % )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP Doman )NP (VP said (SBAR (S (NP it )NP (VP was (ADVP also )ADVP (VP granted (NP an option (S (VP to (VP acquire (NP (NP the remaining (ADJP 44 % )ADJP interest )NP (PP in (NP Western Forest )NP )PP , (SBAR (WHNP which )WHNP (S (VP is (ADVP currently )ADVP (VP held (PP by (NP two Canadian banks )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP International Forest )NP , (NP Western Forest )NP , and (NP *UNKC *UNKC Canada )NP )NP (VP are (NP *UNKED forest products concerns )NP )VP . )S  STOP
(S (NP The Canadian government )NP (VP introduced (PP in (NP (NP the House )NP (PP of (NP Commons )NP )PP )NP )PP (NP (NP legislation )NP (SBAR (S (VP to (VP extend (NP federal regulatory authority )NP (PP over (NP (NP *UNK government-owned telephone utilities )NP (PP in (NP Alberta , *UNKC and *UNKC )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP The legislation )NP (VP would (VP open (NP (NP the way )NP (PP for (NP (NP (NP more telephone services )NP and (NP (NP more competition )NP (PP in (NP the telephone business )NP )PP )NP )NP (PP in (NP the three *UNK )NP )PP )NP )PP )NP )VP )VP )S , (NP federal officials )NP (VP said )VP . )S  STOP
(S (NP The federal government initiative )NP (VP follows (NP (NP a recent Canadian Supreme Court decision )NP (SBAR (WHNP that )WHNP (S (VP held (SBAR that (S (NP (NP the major telephone companies )NP (PP (PP in (NP Alberta , *UNKC and *UNKC )NP )PP and (PP in (NP the Atlantic coast *UNK )NP )PP )PP )NP (VP were (UCP (NP *UNK *UNK )NP and (ADJP subject (PP to (NP federal legislative authority )NP )PP )ADJP )UCP )VP )S )SBAR )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP *UNKC (PP to (NP the ruling )NP )PP )ADVP (NP the federal government )NP (VP had (VP regulated (NP (NP only the telephone companies )NP (PP in (NP (NP Quebec )NP , (NP Ontario )NP , (NP British Columbia )NP and (NP the Northwest *UNKC )NP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP The governments )NP (PP of (NP Alberta , *UNKC and *UNKC )NP )PP )NP (VP have (VP (ADVP strongly )ADVP opposed (NP (NP federal regulation )NP (PP of (NP their telephone companies )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP The extension )NP (PP of (NP federal regulatory authority )NP )PP (PP over (NP (NP telephone utilities )NP (PP in (NP the Atlantic *UNK )NP )PP )NP )PP )NP (VP has n't (VP required (NP special legislation )NP (SBAR because (S (NP they )NP (VP are (ADJP *UNKED )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP *UNKC Corp. )NP (VP said (SBAR (S (NP (NP its bank group )NP , (VP led (PP by (NP Chicago-based Continental Bank )NP )PP )VP , )NP (VP (VP agreed (S (VP to (VP extend (NP its (ADJP (QP $ 40 million )QP )ADJP bridge loan )NP (PP until (NP March 31 , 1990 )NP )PP )VP )VP )S )VP , and (VP gave (NP it )NP (NP a new (ADJP (QP $ 30 million )QP )ADJP credit line )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Under (NP (NP terms )NP (PP of (NP the loan agreement )NP )PP )NP )PP , (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP will (VP *UNK (NP (NP the next quarterly dividends )NP (PP on (NP (NP its Series A , B , C and D preferred shares )NP , (SBAR (WHNP which )WHNP (S (VP are (ADJP due (NP Nov. 15 )NP )ADJP )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Since (S (NP the preferred stock )NP (VP is (ADJP cumulative )ADJP )VP )S )SBAR , (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP will (VP pay (NP (NP all omitted dividends )NP , (SBAR (WHNP which )WHNP (S (VP range (PP from (NP (NP (QP $ 1.19 to $ *UNKN )QP )NP (NP a share )NP )NP )PP )VP )S )SBAR , )NP (SBAR (WHADVP when )WHADVP (S (NP *UNK- requirements )NP (VP have (VP been (VP met )VP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP *UNKC 's )NP bridge loan )NP , (NP (NP part )NP (PP of (NP (NP the financing )NP (PP for (NP (NP (NP *UNKC 's )NP acquisition )NP (PP of (NP *UNKC )NP )PP (PP in (NP December 1988 )NP )PP )NP )PP )NP )PP )NP , )NP (VP was (S (VP to (VP come (ADJP due )ADJP (NP next Friday )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP (NP The company 's )NP new management )NP , (SBAR (WHNP which )WHNP (S (VP took (NP (NP control )NP (PP of (NP (NP *UNKC 's )NP board )NP )PP )NP (PP after (NP (NP a consent solicitation )NP (NP last month )NP )NP )PP )VP )S )SBAR , )NP (VP wanted (S (VP to (VP extend (NP the loan )NP (SBAR while (S (NP it )NP (VP tries (S (VP to (VP sell (NP two units )NP )VP )VP )S )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP (NP Proceeds )NP (PP from (NP those sales )NP )PP )NP (VP will (VP be (VP used (S (VP to (VP reduce (NP debt )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP (NP Amdura )NP , (NP a Denver (UCP hardware and automotive )UCP distributor )NP , )NP (VP said (SBAR (S (NP the new credit agreement )NP (VP will (VP provide (NP (NP the working capital )NP (VP needed (S (VP to (VP meet (NP ongoing requirements )NP )VP )VP )S )VP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Three savings-and-loan institutions )NP (PP in (NP Kansas and Texas )NP )PP )NP (VP were (VP added (PP to (NP (NP the Resolution Trust Corp. 's )NP *UNK program )NP )PP (SBAR after (S (NP federal regulators )NP (VP (VP declared (S (NP the thrifts )NP (ADJP insolvent )ADJP )S )VP and (VP named (S (NP the RTC )NP (NP their *UNK )NP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP The (NX (NX deposits )NX , (NX assets )NX and (NX certain liabilities )NX )NX )NP (PP of (NP the three thrifts )NP )PP )NP (VP were (VP transferred (PP to (NP (ADJP newly *UNKED )ADJP federal mutual institutions )NP )PP )VP )VP . )S  STOP
(S (NP The three institutions )NP (VP are : (NP (NP (NP *UNKC Kansas Federal Savings & Loan Association )NP , (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP had (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP assets )NP )PP )NP )VP )S )SBAR )NP ; (NP (NP (NP Valley Federal Savings & Loan Association )NP (PP of (NP *UNKC )NP )PP , (NP (NP *UNKC )NP , (NP Texas )NP )NP , (PP with (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP assets )NP )PP )NP )PP )NP )NP ; and (NP (NP *UNKC Savings Association )NP , (NP El Paso )NP , (PP with (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP assets )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (NP The three insolvent thrifts )NP (VP will (VP maintain (NP normal business hours and operations )NP (PP under (NP *UNKED managing agents )NP )PP , (SBAR while (S (NP the RTC )NP (VP tries (S (VP to (VP negotiate (NP permanent *UNK )NP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP (NP *UNKC Bank )NP , (NP (NP Phoenix )NP , (NP Ariz. )NP , )NP )NP (VP was (VP closed (PP by (NP Arizona banking officials )NP )PP )VP )VP . )S  STOP
(S (NP The Federal Deposit Insurance Corp. )NP (VP approved (NP (NP the assumption )NP (PP of (NP (NP *UNKC 's )NP (NX (NX deposits )NX and (NX (ADJP fully secured )ADJP liabilities )NX )NX )NP )PP (PP by (NP (NP a (ADJP newly *UNKED )ADJP subsidiary )NP (PP of (NP (NP Valley Capital Corp. )NP , (NP Las Vegas )NP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (S (NP The new institution )NP (VP is (ADVP also )ADVP (VP called (S (NP *UNKC Bank )NP )S )VP )VP )S , and (S (NP (NP the failed bank 's )NP five offices )NP (VP will (VP reopen (NP today )NP )VP )VP )S . )S  STOP
(S (NP The failed bank )NP (VP had (NP (NP assets )NP (PP of (NP (QP about $ *UNKN million )QP )NP )PP )NP )VP . )S  STOP
(S (NP The (ADJP newly *UNKED )ADJP bank )NP (VP will (VP (VP assume (NP (NP (QP about $ *UNKN million )QP )NP (PP in (NP *UNKN deposit accounts )NP )PP )NP )VP and (VP pay (NP the *UNKC )NP (NP (NP a purchase premium )NP (PP of (NP (QP $ 2.9 million )QP )NP )PP )NP )VP )VP )VP . )S  STOP
(S (S (NP It )NP (ADVP also )ADVP (VP will (VP buy (NP (NP (QP about $ *UNKN million )QP )NP (PP of (NP assets )NP )PP )NP )VP )VP )S , and (S (NP the *UNKC )NP (VP will (VP advance (NP (QP $ *UNKN million )QP )NP (PP to (NP the assuming bank )NP )PP )VP )VP )S . )S  STOP
(S (NP (NP *UNKC PLC )NP (PP of (NP Britain )NP )PP )NP (VP is (S (VP to (VP come (PP to (NP (NP the rescue )NP (PP of (NP the French distribution group Societe *UNKC de *UNK *UNKC )NP )PP )NP )PP )VP )VP )S (PP in (NP (NP an operation )NP (SBAR (WHNP that )WHNP (S (VP has (VP been (VP engineered (PP with (NP (NP the Paribas financial group )NP , (NP (NP Societe *UNKC 's )NP main shareholder )NP )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The announcement )NP (VP came (SBAR as (S (NP (NP Societe *UNKC )NP , (NP (NP a trading company )NP (PP with (NP (NP activities )NP (PP in (NP (QP more than 40 )QP countries )NP )PP )NP )PP )NP , )NP (VP reported (NP (NP a loss )NP (PP of (NP (NP (QP *UNKN million )QP francs )NP (PRN -LRB- (NP (QP $ 51 million )QP )NP -RRB- )PRN )NP )PP (PP for (NP (NP the first six months )NP (PP of (NP this year )NP )PP )NP )PP )NP , (PP partly because of (NP (NP provisions )NP (PP on (NP future losses )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The rescue operation )NP (VP will (VP consist (PP of (NP (NP a capital boost )NP (PP for (NP Societe *UNKC )NP )PP (PP of (NP (QP one billion )QP francs )NP )PP (PP through (NP (NP issues )NP (PP of (NP (NP new shares )NP and (NP convertible bonds )NP )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Cie . Financiere de Paribas )NP (VP said (SBAR (S (NP it )NP (VP intends (S (VP to (VP transfer (NP (NP its (ADJP 30 % )ADJP *UNKING )NP (PP in (NP Societe *UNKC )NP )PP )NP (PP to (NP (NP a new company )NP (SBAR (WHNP which )WHNP (S (VP will (VP be (VP (ADVP jointly )ADVP owned (PP with (NP *UNKC )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP This )NP (VP will (VP give (NP Paribas and *UNKC )NP (NP (NP joint control )NP (PP of (NP Societe *UNKC )NP )PP )NP )VP )VP . )S  STOP
(S (NP Paribas )NP (VP said (SBAR (S (NP *UNKC )NP (VP will (VP participate (PP in (NP (NP the *UNKING capital boost )NP (PP for (NP Societe Commerciale )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP International Business Machines Corp. )NP and (NP MCA Inc. )NP )NP (VP said (SBAR (S (NP they )NP (VP agreed (S (VP to (VP sell (NP their *UNKC Associates joint venture )NP (PP to (NP (NP U.S. units )NP (PP of (NP Pioneer Electronic Corp. )NP )PP )NP )PP (PP for (NP (QP $ 200 million )QP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The joint venture )NP (VP licenses (NP (NP a portfolio )NP (PP of (NP (NP (QP about *UNKN )QP (NX (NX patents )NX and (NX patent applications )NX )NX )NP (VP relating (PP to (NP *UNK- recording technology )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(S (NP IBM and MCA )NP (VP formed (NP *UNKC )NP (PP in (NP 1979 )NP )PP (S (VP to (VP make (NP *UNK- optical products )NP )VP )VP )S )VP . )S  STOP
(S But (NP the partners )NP (VP did n't (VP believe (SBAR (S (NP (NP the market )NP (PP for (NP the systems )NP )PP )NP (VP was (VP developing (ADVP (ADVP as rapidly )ADVP (SBAR as (S (NP they )NP (VP had (VP hoped )VP )VP )S )SBAR )ADVP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP After (S (ADVP reportedly )ADVP (VP investing (NP (QP $ 100 million )QP )NP (PP in (NP the business )NP )PP )VP )S )PP , (NP *UNKC )NP (VP (VP *UNKED (NP manufacturing operations )NP (PP in (NP 1982 )NP )PP )VP and (VP sold (NP (NP many )NP (PP of (NP its assets )NP )PP )NP (PP to (NP (NP Tokyo-based Pioneer )NP , (PP among (NP others )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (ADVP now )ADVP (VP has (NP (NP world-wide license agreements )NP (PP with (NP major manufacturers )NP )PP (VP covering (NP (NP CD audio disks )NP , (NP audio disk players )NP , (NP *UNK )NP and (NP *UNK players )NP )NP )VP )NP )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP licenses (NP (ADJP *UNKLY based )ADJP data storage and *UNK devices )NP )VP . )S  STOP
(S (NP (NP James N. *UNKC )NP , (NP (NP (NP president )NP (PP of (NP *UNKC )NP )PP )NP and (NP (NP a vice president )NP (PP of (NP MCA )NP )PP )NP )NP , )NP (VP said (SBAR (SBAR that (S (NP IBM and MCA )NP (VP had n't (VP planned (S (VP to (VP sell (NP (NP the joint venture )NP , (SBAR (WHNP which )WHNP (S (VP is (ADVP now )ADVP (ADJP profitable )ADJP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )SBAR , but (SBAR that (S (NP Pioneer )NP (VP approached (NP *UNKC )NP (NP earlier this year )NP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP (NP it )NP )NP (VP is n't (ADJP certain )ADJP (SBAR whether (S (NP (NP Discovision 's )NP current management )NP (VP will (VP remain (SBAR (WHADVP when )WHADVP (S (NP Pioneer )NP (VP buys (NP the company )NP )VP )S )SBAR )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP The agreement )NP (VP (VP is (ADJP *UNK (PP on (NP certain government approvals )NP )PP )ADJP )VP and (VP should (VP be (VP completed (NP later this year )NP )VP )VP )VP )VP . )S  STOP
(S (NP Tokyo stocks )NP (VP closed (ADVP higher )ADVP (PP in (NP (ADJP (ADJP moderately active )ADJP but (ADJP *UNK )ADJP )ADJP trading )NP )PP (SBAR as (S (NP (NP the recent anxiety )NP (PP in (NP world stock markets )NP )PP )NP (VP continued (S (VP to (VP *UNK )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP London shares )NP (ADVP also )ADVP (VP closed (S (ADJP firmer )ADJP )S (PP in (NP (NP thin trading )NP (VP driven (ADVP largely )ADVP (PP by (NP (NP technical factors )NP and (NP (NP support )NP (PP from (NP a new Wall Street rally )NP )PP )NP )NP )PP )VP )NP )PP )VP . )S  STOP
(S (NP Prices )NP (ADVP also )ADVP (VP rose (PP on (NP (NP (ADJP almost every )ADJP other major exchange )NP (PP in (NP (NP Europe )NP , (NP Asia )NP and (NP the Pacific )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP (NP Tokyo 's )NP Nikkei index )NP (PP of (NP 225 issues )NP )PP , (SBAR (WHNP which )WHNP (S (VP gained (NP *UNKN points )NP (NP Wednesday )NP )VP )S )SBAR , )NP (VP climbed (NP (NP *UNKN )NP , or (NP *UNKN % )NP , )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP (NP Volume )NP (PP on (NP the first section )NP )PP )NP (VP was (VP estimated (PP at (NP (QP 800 million )QP shares )NP )PP , (PP compared (PP with (NP (QP *UNKN million )QP )NP (NP Wednesday )NP )PP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP outnumbered (NP losers )NP (ADVP *UNKN )ADVP , (SBAR with (S (NP *UNKN issues )NP (ADJP unchanged )ADJP )S )SBAR )VP . )S  STOP
(S (PP In (NP early trading )NP )PP (PP in (NP Tokyo )NP )PP (NP Friday )NP , (NP the Nikkei index )NP (VP rose (NP *UNKN points )NP , (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (PP On (NP Thursday )NP )PP , (NP (NP the Tokyo Stock Price Index )NP (PP of (NP (NP all issues )NP (VP listed (PP in (NP the first section )NP )PP )VP )NP )PP , (SBAR (WHNP which )WHNP (S (VP gained (NP *UNKN point )NP (NP Wednesday )NP )VP )S )SBAR , )NP (VP was (ADVP up (NP (NP *UNKN )NP , or (NP *UNKN % )NP , )NP )ADVP (PP at (NP *UNKN )NP )PP )VP . )S  STOP
(S (S (S (NP The morning session )NP (VP was (VP dominated (PP by (NP individuals and dealers )NP )PP )VP )VP )S , but (S (NP some institutions )NP (VP participated (PP in (NP the afternoon )NP )PP , (S (VP encouraged (PP by (NP (NP the market 's )NP *UNK )NP )PP )VP )S )VP )S )S , (NP traders )NP (VP said )VP . )S  STOP
(S (NP *UNKC )NP (VP was (VP helped (PP by (NP (NP the small gain )NP (VP made (PP by (NP New York stocks )NP )PP (NP Wednesday )NP )VP )NP )PP (PP despite (NP (NP anxiety )NP (PP over (NP (NP possible effects )NP (PP of (NP (NP the major earthquake )NP (SBAR (WHNP that )WHNP (S (VP struck (NP northern California )NP (NP Tuesday )NP )VP )S )SBAR )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (VP Having (VP survived (NP both (NP (NP last Friday 's )NP (ADJP 6.9 % )ADJP Wall Street plunge )NP and (NP (NP the immediate aftermath )NP (PP of (NP the San Francisco Bay area earthquake )NP )PP )NP )NP )VP )VP )S , (NP Tokyo market participants )NP (VP expressed (NP relief (SBAR that (S (NP trading )NP (VP had (VP returned (PP to (NP normal )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP general manager )NP (PP of (NP the stock trading division )NP )PP (PP at (NP Nikko Securities )NP )PP )NP , )NP (VP said (SBAR that (S (PP after (S (VP looking (PP at (NP (NP the reasons )NP (PP for (NP (NP Friday 's )NP Wall Street plunge )NP )PP )NP )PP )VP )S )PP , (NP participants )NP (VP realized (SBAR that (S (NP the Tokyo and New York markets )NP (VP have (NP different economic fundamentals )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP This conclusion )NP (PRN , (S (NP he )NP (VP said )VP )S , )PRN (VP restored (NP (NP the credibility )NP (PP of (NP Tokyo stocks )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP head )NP (PP of (NP the investment information department )NP )PP (PP at (NP Daiwa Investment Trust & Management )NP )PP )NP , )NP (VP said (SBAR that (S (SBAR if (S (NP New York stocks )NP (ADVP just )ADVP (VP *UNK (PP in or near (NP their current range )NP )PP )VP )S )SBAR , (NP the Tokyo market )NP (VP will (VP remain (ADJP firm (PP with (NP a (ADJP moderately upward )ADJP trend )NP )PP )ADJP (PP for (NP (NP the rest )NP (PP of (NP the year )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP traders )NP (VP said (SBAR (S (NP the market )NP (VP lacks (NP (NP a base )NP (SBAR (WHPP on (WHNP which )WHNP )WHPP (S (VP to (VP set (NP long-term buying strategy )NP )VP )VP )S )SBAR )NP , (SBAR as (S (NP (NP the future direction )NP (PP of (NP U.S. interest rates )NP )PP )NP (VP remains (ADJP unclear )ADJP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP Investor interest )NP (VP *UNK (ADVP back and forth )ADVP (ADVP *UNKLY )ADVP (SBAR as (S (NP they )NP (VP are (ADJP unable (S (VP to (VP shift (NP their weight )NP (PP to (NP one side )NP )PP (PP for (ADVP sure )ADVP )PP )VP )VP )S )ADJP )VP )S )SBAR )VP )S , '' (NP (NP Mr. *UNKC )NP (PP of (NP Daiwa Investment Trust )NP )PP )NP (VP said )VP . )S  STOP
(S (S (NP (NP Many )NP (PP of (NP (NP Wednesday 's )NP winners )NP )PP )NP (VP were (NP losers )NP (NP yesterday )NP (SBAR as (S (NP investors )NP (VP (ADVP quickly )ADVP (VP took (NP profits )NP )VP and (VP *UNKED (NP their buying )NP (PP to (NP other issues )NP )PP )VP )VP )S )SBAR )VP )S , (NP traders )NP (VP said )VP . )S  STOP
(S (NP Pharmaceuticals )NP (VP made (NP across-the-board advances )NP )VP . )S  STOP
(S (S (NP *UNKC Pharmaceutical )NP (VP gained (NP 130 )NP (PP to (NP (NP (NP *UNKN yen )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN )NP (NP a share )NP )NP )PP )VP )S , (S (NP *UNKC Pharmaceutical )NP (VP was (ADVP up (NP 150 )NP )ADVP (PP at (NP *UNKN )NP )PP )VP )S , and (S (NP *UNKC )NP (VP advanced (NP 60 )NP (PP to (NP *UNKN )NP )PP )VP )S . )S  STOP
(S (S (NP Housing issues )NP (VP were (VP boosted (PP by (NP a report (SBAR that (S (NP Daiwa House )NP (VP expects (S (VP to (VP post (NP (ADJP (ADVP 43 % )ADVP higher )ADJP earnings )NP (PP for (NP its latest fiscal year )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP )S , (NP traders )NP (VP said )VP . )S  STOP
(S (S (NP Daiwa House )NP (VP advanced (NP 100 )NP (PP to (NP *UNKN )NP )PP )VP )S , (S (NP *UNKC *UNKC )NP (VP was (ADVP up (NP 60 )NP )ADVP (PP at (NP *UNKN )NP )PP )VP )S , and (S (NP *UNKC House )NP (VP gained (NP 100 )NP (PP to (NP *UNKN )NP )PP )VP )S . )S  STOP
(S (S (NP Leading construction companies )NP (ADVP also )ADVP (VP attracted (NP interest )NP (PP for (NP their strong earnings *UNK )NP )PP )VP )S , (NP traders )NP (VP said )VP . )S  STOP
(S (NP (NP They )NP and (NP (ADJP many other )ADJP major Japanese corporations )NP )NP (VP will (VP issue (NP (NP results )NP )NP (ADVP soon )ADVP (PP for (NP (NP the fiscal first half )NP (VP ended (NP Sept. 30 )NP )VP )NP )PP )VP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP was (ADVP up (NP 60 )NP )ADVP (S (VP to (VP close (PP at (NP *UNKN )NP )PP )VP )VP )S )VP )S , (S (NP *UNKC )NP (VP gained (NP 50 )NP (PP to (NP *UNKN )NP )PP )VP )S , and (S (NP *UNKC )NP (VP advanced (NP 40 )NP (PP to (NP *UNKN )NP )PP )VP )S . )S  STOP
(S (NP Other winners )NP (VP included (NP (NP real estate issues )NP (NP (NP (NP Mitsubishi Estate )NP , (SBAR (WHNP which )WHNP (S (VP closed (PP at (NP 2,500 )NP )PP , (ADVP up (NP 130 )NP )ADVP )VP )S )SBAR )NP , and (NP (NP Mitsui Real Estate Development )NP , (SBAR (WHNP which )WHNP (S (VP gained (NP 100 )NP (PP to (NP *UNKN )NP )PP )VP )S )SBAR )NP )NP )NP )VP . )S  STOP
(S (NP Steel shares )NP (VP fell (ADVP back )ADVP (PP after (S (VP advancing (PP for (NP three days )NP )PP )VP )S )PP )VP . )S  STOP
(S (S (NP *UNKC Steel )NP (VP was (ADVP down (NP 11 )NP )ADVP (PP at (NP *UNKN )NP )PP )VP )S , (S (NP *UNKC Steel )NP (VP lost (NP 5 )NP (PP to (NP *UNKN )NP )PP )VP )S , and (S (NP Nippon Steel )NP (VP slipped (NP 6 )NP (PP to (NP *UNKN )NP )PP )VP )S . )S  STOP
(S (NP (NP Mitsubishi *UNKC )NP , (NP (NP a leading *UNK )NP (NP Wednesday )NP )NP , )NP (VP fell (NP 44 )NP (PP to (NP *UNKN )NP )PP (SBAR as (S (NP investors )NP (VP grabbed (NP profits )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP London 's )NP Financial *UNKC Exchange 100-share index )NP (VP finished (S (ADJP (NP *UNKN points )NP higher )ADJP )S (PP at (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP The Financial Times 30-share index )NP (VP ended (S (ADVP (NP *UNKN )NP higher )ADVP )S (PP at (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP Volume )NP (VP continued (S (VP to (VP ease (PP from (NP (NP the active dealings )NP (PP at (NP (NP the start )NP (PP of (NP the week )NP )PP )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (VP was (NP (QP *UNKN million )QP shares )NP , (PP compared (PP with (NP (QP *UNKN million )QP )NP (NP Wednesday )NP )PP )PP )VP . )S  STOP
(S (NP Dealers )NP (VP said (SBAR (S (NP the market )NP (VP was (VP *UNKED (PP by (NP (NP a squeeze )NP (PP in (NP *UNKC 100 stocks )NP )PP )NP )PP , (PP particularly among (NP (NP market-makers )NP (VP seeking (NP (NP shares )NP (SBAR (WHNP that )WHNP (S (VP had (VP been (VP hit (ADVP hard )ADVP (PP in (NP recent weeks )NP )PP )VP )VP )VP )S )SBAR , (PP such as (NP (NP retailers )NP and (NP *UNKED concerns )NP )NP )PP )NP )VP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S But (PP despite (NP (NP the flurry )NP (PP of (NP (NP interest )NP (PP in (NP those shares )NP )PP )NP )PP )NP )PP (PRN , (S (NP dealers )NP (VP said )VP )S , )PRN (NP the market )NP (VP remains (ADJP nervous (PP about (NP (NP (NP Wall Street 's )NP volatility )NP and (NP high U.K. interest rates )NP )NP )PP )ADJP )VP . )S  STOP
(S (NP (NP U.K. money supply figures )NP (PP for (NP September )NP )PP , (VP released (NP yesterday )NP )VP , )NP (VP showed (NP (NP continued growth )NP (PP in (NP (ADJP corporate and personal )ADJP lending )NP )PP , (SBAR (WHNP which )WHNP (S (VP will (VP keep (NP pressure )NP (PP on (NP the government )NP )PP (S (VP to (VP maintain (NP tight credit )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(SINV (PP Among (NP (NP the stocks )NP (VP featured (PP in (NP (NP the market-makers ' )NP squeeze )NP )PP )VP )NP )PP (VP was )VP (NP (NP Sears )NP , (SBAR (WHNP which )WHNP (S (VP closed (PP at (NP (NP (NP 107 pence )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN )NP (NP a share )NP )NP )PP , (ADVP up (NP 3 )NP )ADVP )VP )S )SBAR )NP . )SINV  STOP
(S (NP (NP General Universal Stores )NP , (NP (NP another *UNK- stock )NP (VP hit (ADVP recently )ADVP (PP by (NP (NP concerns )NP (PP over (NP retail demand )NP )PP (PP in (NP (NP the face )NP (PP of (NP high interest rates )NP )PP )NP )PP )NP )PP )VP )NP , )NP (VP gained (NP 20 )NP (PP to (NP (QP # *UNKN )QP )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP gained (NP 2 )NP (PP to )PP )VP )S  STOP
(S (NP Another active *UNKC 100 stock )NP (VP was (NP (NP clothing and furniture retailer *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP gained (NP 6 )NP (PP to (NP *UNKN )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Insurers )NP (VP recovered (NP ground )NP (ADVP again )ADVP (PP on (NP (NP *UNK- demand )NP and (NP (NP *UNK buying )NP (VP linked (PP to (NP (NP talk )NP (PP of (NP (NP mergers )NP (PP in (NP the industry )NP )PP (PP before (NP (NP (NP the European Community 's )NP planned market *UNK )NP (PP in )PP )NP )PP )NP )PP )NP )PP )VP )NP )NP )PP )VP )S  STOP
(S (NP Royal Insurance )NP (VP was (NP (NP the sector 's )NP hottest issue )NP , (S (VP ending (S (ADJP (NP 15 )NP higher )ADJP )S (PP at (NP *UNKN )NP )PP )VP )S )VP . )S  STOP
(S (S (NP Sun Alliance )NP (VP fell (NP 1 )NP (S (VP to (VP close (PP at (NP *UNKN )NP )PP )VP )VP )S )VP )S , and (S (NP General *UNKC )NP (VP jumped (NP 10 )NP (PP to (NP (QP # *UNKN )QP )NP )PP )VP )S . )S  STOP
(S (NP B.A.T Industries )NP (VP surged (PP in (NP afternoon dealings )NP )PP (SBAR after (S (NP its shareholders )NP (VP approved (NP a plan (S (VP to (VP *UNK (PP of (NP its U.S. and U.K. retailing operations )NP )PP )VP )VP )S )NP (S (VP to (VP fend (PRT off )PRT (NP (NP *UNKC Investment 's )NP (ADJP (ADJP (QP # 13.4 billion )QP )ADJP (PRN -LRB- (ADJP (QP $ *UNKN billion )QP )ADJP -RRB- )PRN )ADJP hostile bid )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP With (S (NP the company )NP (ADVP also )ADVP (VP *UNKING (NP a plan (S (VP to (VP buy (ADVP back )ADVP (NP (NP (QP as many as 10 )QP % )NP (PP of (NP (NP its shares )NP (ADJP outstanding )ADJP )NP )PP )NP )VP )VP )S )NP )VP )S )PP , (NP B.A.T )NP (VP closed (PP at (NP *UNKN )NP )PP , (ADVP up (NP 27 )NP )ADVP )VP . )S  STOP
(S (NP *UNKC )NP (VP was (NP (QP 6.8 million )QP shares )NP , (PP including (NP (NP (QP about four million )QP shares )NP (VP traded (PP in (NP the afternoon )NP )PP (PP after (NP (NP the shareholders ' )NP meeting )NP )PP )VP )NP )PP )VP . )S  STOP
(S (NP B.A.T )NP (VP said (SBAR (S (NP it )NP (VP purchased (NP (QP 2.5 million )QP shares )NP (PP at (NP *UNKN )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP other European markets )NP )PP , (NP shares )NP (VP (VP closed (S (ADJP sharply higher )ADJP )S (PP in (NP Stockholm , Frankfurt , Zurich and Paris )NP )PP )VP and (VP (ADJP higher )ADJP (PP in (NP Milan , Amsterdam and Brussels )NP )PP )VP )VP . )S  STOP
(S (NP (ADJP South African )ADJP gold stocks )NP (VP closed (S (ADJP firmer )ADJP )S )VP . )S  STOP
(S (NP Prices )NP (ADVP also )ADVP (VP (VP closed (S (ADJP higher )ADJP )S (PP in (NP (NP Singapore )NP , (NP Sydney )NP , (NP Taipei )NP , (NP Wellington )NP , (NP Hong Kong )NP and (NP Manila )NP )NP )PP )VP but (VP were (ADJP lower )ADJP (PP in (NP Seoul )NP )PP )VP )VP . )S  STOP
(S (ADVP Here )ADVP (VP are )VP (NP (NP price trends )NP (PP on (NP (NP the world 's )NP major stock markets )NP )PP , (SBAR as (S (VP calculated (PP by (NP (NP Morgan Stanley Capital International Perspective )NP , (NP Geneva )NP )NP )PP )VP )S )SBAR )NP . )S  STOP
(S (S (VP To (VP make (S (NP them )NP (ADJP directly comparable )ADJP )S )VP )VP )S , (NP each index )NP (VP is (VP based (PP on (S (NP (NP the close )NP (PP of (NP 1969 )NP )PP )NP (VP equaling (NP 100 )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP The percentage change )NP (VP is (PP since (NP year-end )NP )PP )VP . )S  STOP
(S (NP (NP The federal response )NP (PP to (NP (NP California 's )NP earthquake crisis )NP )PP )NP (VP was (VP *UNKED (PP by (NP (NP *UNK- *UNKING )NP (PP between (NP (NP the White House )NP and (NP (NP San Francisco 's )NP Mayor Art Agnos )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Mr. Agnos )NP (VP complained (SBAR that (S (NP he )NP (VP was (VP `` *UNKED (PRT off )PRT '' (SBAR that (S (NP (NP Vice President Dan Quayle )NP , (SBAR (WHNP who )WHNP (S (VP *UNKED (NP the earthquake site )NP (NP Wednesday )NP )VP )S )SBAR , )NP (VP did n't (VP schedule (NP (NP a private meeting )NP (PP with (NP him )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The mayor )NP (VP said (SBAR (S (NP the Quayle visit )NP (VP was `` (NP a publicity *UNK )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP The White House )NP (VP said (SBAR (S (NP (NP Mr. Quayle 's )NP staff )NP (VP (VP had (VP invited (NP the mayor )NP (PP to (NP (NP two meetings )NP (PP of (NP (NP the vice president )NP and (NP (NP groups )NP (PP of (NP local officials )NP )PP )NP )NP )PP )NP )PP )VP )VP and (VP had (VP offered (S (VP to (VP *UNK (NP a helicopter )NP (S (VP to (VP pick (NP him )NP (PRT up )PRT )VP )VP )S )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Mr. Agnos )NP (VP declined (NP the *UNK )NP )VP )S , (NP the White House )NP (VP said )VP . )S  STOP
(S (NP (NP Marlin Fitzwater )NP , (NP White House press secretary )NP , )NP (ADVP also )ADVP (VP asserted (SBAR that (S (NP Mr. Agnos )NP (VP had (VP failed (S (VP to (VP return (NP (NP telephone calls )NP (PP from (NP (NP John *UNKC )NP , (NP (NP White House chief )NP (PP of (NP staff )NP )PP )NP )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP We )NP (VP *UNK (ADVP very much )ADVP (SBAR that (S (NP (NP the mayor )NP (PP of (NP San Francisco )NP )PP )NP (VP has (VP decided (S not (VP to (VP cooperate (PP with (NP us )NP )PP (PP on (NP this matter )NP )PP (PP in (S (VP making (S (ADJP sure )ADJP (SBAR that (S (NP there )NP (VP is (NP adequate federal support )NP (PP for (NP (NP the disaster )NP (PP in (NP his city )NP )PP )NP )PP )VP )S )SBAR )S )VP )S )PP )VP )VP )S )VP )VP )S )SBAR )VP )S , '' (NP Mr. Fitzwater )NP (VP said )VP . )S  STOP
(S (PP By (NP late yesterday )NP )PP , (NP both sides )NP (VP appeared (S (VP prepared (S (VP to (VP *UNK (NP the *UNK )NP )VP )VP )S )VP )S )VP . )S  STOP
(S (NP The White House )NP (VP announced (SBAR that (S (NP (NP Mr. Agnos )NP , (PP along (PP with (NP (NP the *UNK )NP (PP of (NP Oakland and *UNKC )NP )PP )NP )PP )PP , )NP (VP are (S (VP to (VP *UNK (NP President Bush )NP (PP on (NP (NP a tour )NP (PP of (NP the earthquake area )NP )PP )NP )PP (NP today )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S And (NP one White House official )NP (VP reported (SBAR that (S (NP Mr. Agnos )NP (VP had (VP been `` (ADJP very *UNK )ADJP '' (PP in (S (VP making (NP (NP arrangements )NP (PP for (NP (NP (NP Mr. Bush 's )NP (ADJP *UNKLY scheduled )ADJP trip )NP (PP to (NP California )NP )PP )NP )PP )NP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Gold and silver broker *UNKC Semel )NP (VP asked (NP a federal court )NP (S (VP to (VP halt (NP the Commodity Exchange )NP (PP from (S (VP imposing (NP a record (ADJP $ *UNKN )ADJP fine )NP (PP on (NP his firm )NP )PP )VP )S )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP The suit )NP , (VP filed (PP in (NP federal court )NP )PP (PP in (NP Manhattan )NP )PP )VP , )NP (ADVP also )ADVP (VP asks (SBAR that (S (NP (NP (NP the *UNKC 's )NP nine-month suspension )NP (PP of (NP Mr. Semel )NP )PP )NP (VP be (VP lifted , (PP pending (NP (NP (NP the broker 's )NP appeal )NP (PP of (NP the *UNK measures )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The fine and suspension )NP , (VP announced (PP in (NP August )NP )PP )VP , )NP (VP are (NP (NP the *UNK sanctions )NP (SBAR (S (NP the *UNKC )NP (VP has (ADVP ever )ADVP (VP ordered (PP against (NP (NP one )NP (PP of (NP its members )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The *UNKC )NP (VP accused (NP the *UNK- Mr. Semel )NP (PP of (NP `` (NP fraudulent conduct )NP '' and (NP improper trading )NP )NP )PP )VP . )S  STOP
(S (NP The disciplinary proceedings )NP (VP stem (PP from (NP (NP trading )NP (PP in (NP April 1987 )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Mr. Semel )NP and (NP (NP his firm )NP , (NP Semel & Co. )NP , )NP )NP (VP have (VP appealed (NP (NP the *UNKC decision )NP and (NP the sanctions )NP )NP (PP to (NP the Commodity Futures Trading Commission )NP )PP )VP )VP . )S  STOP
(S (NP The commission )NP (VP denied (NP (NP Mr. Semel 's )NP request (SBAR that (S (NP the fine and suspension )NP (VP be (VP delayed (PP pending (NP the appeal )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The lawsuit )NP (VP states (SBAR that (S (SBAR unless (S (NP the sanctions )NP (VP are (VP halted (PP pending (NP an appeal )NP )PP )VP )VP )S )SBAR , (S (NP (NP the broker )NP and (NP his firm )NP )NP `` (VP will (VP be (VP (ADVP *UNKLY )ADVP injured )VP )VP )VP )S and (S (NP their business )NP (VP will (VP be (VP (ADVP totally and *UNKLY )ADVP destroyed )VP )VP )VP )S )S )SBAR )VP . '' )S  STOP
(S (S (ADVP Already )ADVP (NP the firm )NP (VP has (VP paid (NP (NP $ *UNKN )NP (PP of (NP the fine )NP )PP )NP )VP )VP )S (PRN , (S (NP the suit )NP (VP said )VP )S , )PRN and (S (NP it )NP (VP will (VP have (S (VP to (VP *UNK (NP additional assets )NP (SBAR in order (S (VP to (VP pay (NP the rest )NP )VP )VP )S )SBAR )VP )VP )S )VP )VP )S . )S  STOP
(S (NP (NP A spokesman )NP (PP for (NP the Comex )NP )PP )NP (VP could n't (VP be (VP reached (S (VP to (VP comment )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP The Federal National Mortgage Association )NP (VP said (SBAR (S (NP (NP 39 lenders )NP (PP across (NP the U.S. )NP )PP )NP (VP have (VP agreed (S (VP to (VP offer (NP home loans )NP (PP under (NP (NP (NP Fannie Mae 's )NP pilot program )NP (PP for (NP elderly people )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Fannie Mae )NP , (NP a (ADJP (ADJP federally chartered )ADJP and (ADJP *UNKED )ADJP )ADJP company )NP , )NP (VP said (SBAR (S (NP the lenders )NP (VP include (NP (NP Prudential Home Mortgage Co. )NP , (NP (NP a unit )NP (PP of (NP (NP Prudential Insurance Co. )NP (PP of (NP America )NP )PP )NP )PP (SBAR (WHNP that )WHNP (S (VP operates (PP in (NP every state )NP )PP )VP )S )SBAR )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Prudential Insurance )NP (VP is (VP based (PP in (NP (NP Newark )NP , (NP N.J )NP )NP )PP )VP )VP . )S  STOP
(S (NP Fannie Mae )NP (VP has (VP agreed (S (VP to (VP buy (NP (NP (QP as much as $ 100 million )QP )NP (PP of (NP loans )NP )PP )NP (PP under (NP (NP (NP its *UNKC ' )NP Housing *UNKC pilot program )NP , (SBAR (WHNP which )WHNP (S (VP offers (NP (NP four types )NP (PP of (NP loans )NP )PP )NP (PP to (NP (NP people )NP (UCP (NP (NP 62 years )NP (PP of (NP age )NP )PP )NP or (ADJP older )ADJP )UCP )NP )PP (S (VP to (VP help (S (NP them )NP (VP (VP maintain (NP their home )NP )VP or (VP obtain (NP housing )NP )VP )VP )S )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP The loans )NP (VP can (VP be (PP (PP for (NP *UNK apartments )NP )PP , (PP for (NP (NP *UNK )NP (VP built (PP in (NP (NP a relative 's )NP yard )NP )PP )VP )NP )PP , (PP for (NP *UNKING )NP )PP or (PP for (NP *UNK- transactions )NP )PP )PP )VP )VP . )S  STOP
(S (NP Fannie Mae )NP (VP makes (NP (NP a secondary market )NP (PP in (NP home loans )NP )PP )NP )VP . )S  STOP
(S (NP It )NP (VP (VP buys (NP loans )NP (PP from (NP lenders )NP )PP )VP , (VP packages (NP some )NP (PP into (NP (NP securities )NP (PP for (NP (NP sale )NP (PP to (NP investors )NP )PP )NP )PP )NP )PP )VP and (VP holds (NP the remainder )NP (PP in (NP a portfolio )NP )PP )VP )VP . )S  STOP
(S (NP (NP Robert M. *UNKC )NP , (NP (NP senior partner )NP (PP of (NP a (NAC Greenwich , Conn. , )NAC investment firm )NP )PP )NP , )NP (VP said (SBAR (S (NP he )NP (VP plans (S (VP to (VP launch (NP a proxy fight )NP (PP against (NP (NP the board )NP (PP of (NP *UNKED *UNKC Corp )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (NP (NP head )NP (PP of (NP *UNKC & Co. )NP )PP )NP , )NP (VP said (SBAR (S (NP he )NP (VP plans (S (VP to (VP conduct (NP a proxy contest )NP (S (VP to (VP *UNK (NP (NP a majority )NP (PP of (NP (NP *UNKC 's )NP board )NP )PP )NP )VP )VP )S (PP at (NP the next annual stockholders meeting )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP a transportation leasing company )NP , )NP (VP said (PP in (NP a statement )NP )PP (SBAR (S (NP it )NP (VP would (VP have (NP (NP no comment )NP (PP on (NP (NP Mr. *UNKC 's )NP plans )NP )PP )NP (SBAR until `` (S (NP further information )NP (VP has (VP been (VP disclosed (PP by (NP him )NP )PP )VP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP The company )NP (ADVP also )ADVP (VP said (SBAR (S (NP its 1990 annual meeting )NP (VP has not (VP been (VP scheduled )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Gintel )NP (VP owns (NP (NP 300,000 )NP (PP of (NP (NP (NP the company 's )NP (QP 6.3 million )QP common shares )NP (ADJP outstanding )ADJP )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (ADVP recently )ADVP (VP bought (ADVP back )ADVP (NP (NP (QP approximately *UNKN )QP )NP (PP of (NP its shares )NP )PP )NP (ADVP *UNK (PP to (NP its existing authorization (S (VP to (VP acquire (NP (QP as many as *UNKN )QP shares )NP )VP )VP )S )NP )PP )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Gintel )NP (VP has (VP filed (NP suit )NP (PP in (NP Delaware Chancery Court )NP )PP , (S (VP seeking (S (VP to (VP block (NP (NP *UNKC 's )NP *UNK- *UNK )NP )VP )VP )S )VP )S )VP )VP . )S  STOP
(S (PP In (NP (NP a filing )NP (PP with (NP the Securities and Exchange Commission )NP )PP )NP )PP , (NP Mr. Gintel )NP (VP said (SBAR (S (NP Xtra )NP `` (VP has (VP *UNKED (NP (NP business strategies )NP (SBAR (WHNP that )WHNP (S (VP are n't (PP in (NP (NP the best interest )NP (PP of (NP stockholders )NP )PP )NP )PP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC AND *UNKC )NP (VP *UNKC (PP on (NP (NP the second anniversary )NP (PP of (NP Black Monday )NP )PP )NP )PP (SBAR as (S (NP a favorable inflation report )NP (VP prompted (NP (NP speculation )NP (PP of (NP lower interest rates )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The Dow Jones industrials )NP (VP closed (ADVP up (NP *UNKN )NP )ADVP , (PP at (NP *UNKN )NP )PP , (PP after (S (VP rising (NP (QP over 60 )QP points )NP (PP in (NP *UNK- )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP The rally )NP (VP brought (NP (NP the gain )NP (NP (ADVP so far )ADVP this week )NP )NP (PP to (NP (QP about *UNKN )QP points )NP )PP )VP . )S  STOP
(S (NP The dollar )NP (VP finished (S (ADJP mixed )ADJP )S , (SBAR while (S (NP gold )NP (VP declined )VP )S )SBAR )VP . )S  STOP
(S (NP Consumer prices )NP (VP climbed (NP a moderate 0.2 % )NP (PP in (NP September )NP )PP , (PP mostly due (PP to (NP higher clothing costs )NP )PP )PP )VP . )S  STOP
(S (S (NP Energy prices )NP (VP continued (S (VP to (VP fall )VP )VP )S (PP at (NP the retail level )NP )PP )VP )S , but (S (NP economists )NP (VP worried (PP about (NP (NP a big rise )NP (PP in (NP wholesale energy costs )NP )PP )NP )PP )VP )S . )S  STOP
(S (NP British Airways )NP (VP dropped (PP out (PP of (NP (NP the current bidding )NP (PP for (NP (NP United Air 's )NP parent )NP )PP )NP )PP )PP , (S (VP leaving (NP a UAL *UNK- group )NP (PP without (NP a key partner )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP British Air 's )NP move )NP (VP raised (NP (NP new questions )NP (PP about (NP (NP the buy-out group 's )NP efforts (S (VP to (VP revive (NP (NP a stalled bid )NP (PP for (NP UAL )NP )PP )NP )VP )VP )S )NP )PP )NP )VP . )S  STOP
(S (NP A capital-gains *UNK- plan )NP (VP was (VP dropped (PP by (NP Senate Democrats )NP )PP (PP under (NP (NP pressure )NP (PP from (NP their leadership )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The move )NP (VP is (NP (NP a setback )NP (PP for (NP (NP Bush )NP , (SBAR (WHNP who )WHNP (S (VP needs (NP Democratic support )NP (S (VP to (VP pass (NP a capital-gains cut )NP (PP in (NP the Senate )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP Other tax breaks )NP (ADVP also )ADVP (VP are (ADJP likely (S (VP to (VP be (VP restored or created (PP in (NP the coming months )NP )PP )VP )VP )VP )S )ADJP (SBAR as (S (NP special interest groups )NP (VP try (S (VP to (VP *UNK (NP the 1986 tax overhaul )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Many retailers )NP (VP are (VP worried (SBAR that (S (NP a price war )NP (VP could (VP *UNK (NP this Christmas )NP (SBAR if (S (NP (NP *UNKED firms )NP (PP such as (NP Campeau )NP )PP )NP (VP slash (NP prices )NP (S (VP to (VP spur (NP sales )NP )VP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP AT&T )NP (VP unveiled (NP (NP a sweetened early retirement plan )NP (PP for (NP management )NP )PP (SBAR (WHNP that )WHNP (S (NP the company )NP (VP hopes (SBAR (S (VP will (VP save (NP it )NP (NP (QP $ 450 million )QP )NP (PP in (NP the next year )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP Also )ADVP , (NP profit )NP (VP rose (NP 19 % )NP (PP in (NP the third quarter )NP )PP )VP . )S  STOP
(S (NP Chrysler )NP (VP will (VP idle (NP a Toledo assembly plant )NP (ADVP temporarily )ADVP (PP due (PP to (NP (NP slowing sales )NP (PP of (NP its profitable *UNKC *UNKC and *UNKC sport utility vehicles )NP )PP )NP )PP )PP )VP )VP . )S  STOP
(S (NP (NP Digital Equipment 's )NP profit )NP (VP fell (NP 32 % )NP (PP in (NP the latest quarter )NP )PP , (S (VP prompting (NP (NP forecasts )NP (PP of (NP (NP weaker results )NP (ADVP ahead )ADVP )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP Analysts )NP (VP were (VP troubled (PP by (NP (NP signs )NP (PP of (NP flat U.S. orders )NP )PP (PP at (NP the computer maker )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP IBM )NP (VP plans (S (VP to (VP unveil (NP (QP over 50 )QP software products )NP (PP on (NP Tuesday )NP )PP (S (VP to (VP try (S (VP to (VP end (NP (NP some )NP (PP of (NP (NP the problems )NP (PP in (S (VP *UNKING (NP manufacturing operations )NP )VP )S )PP )NP )PP )NP )VP )VP )S )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP (NP The TV units )NP (PP of (NP Paramount and MCA )NP )PP )NP (VP are (VP exploring (S (VP offering (NP prime-time programming )NP (PP to (NP independent stations )NP )PP (NP (NP two nights )NP (NP a week )NP )NP )VP )S )VP )VP . )S  STOP
(S (NP (NP BankAmerica 's )NP profit )NP (VP jumped (NP 34 % )NP (PP in (NP the third quarter )NP )PP )VP . )S  STOP
(S (NP The rapid recovery )NP (VP continued (S (VP to (VP be (VP fueled (PP by (NP (NP (NP growth )NP (PP in (NP consumer loans )NP )PP )NP , (NP higher interest margins )NP and (NP (ADJP only minor )ADJP loan losses )NP )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP Big Board short interest )NP (VP fell (NP 4.2 % )NP (PP for (NP (NP the month )NP (VP ended (NP Oct. 13 )NP )VP )NP )PP , (NP (NP the second decline )NP (PP in (NP a row )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKED shares )NP (PP on (NP the Amex )NP )PP )NP (VP rose (PP to (NP another record )NP )PP )VP . )S  STOP
(S (NP Bell Atlantic )NP (VP posted (NP (NP a strong earnings gain )NP (PP for (NP the third quarter )NP )PP )NP , (SBAR as (SINV did (NP Southern New England Telecommunications )NP )SINV )SBAR )VP . )S  STOP
(S But (NP (NP Nynex )NP , (NP Pacific Telesis )NP and (NP U S West )NP )NP (VP had (NP lower profits )NP )VP . )S  STOP
(S (NP B.A.T Industries )NP (VP won (NP (NP shareholder approval )NP (PP for (NP (NP a defensive restructuring )NP (SBAR (S (VP to (VP fend (PRT off )PRT (NP Sir James Goldsmith )NP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP (NP American Express 's )NP profit )NP (VP climbed (NP 21 % )NP (PP in (NP the quarter )NP )PP , (UCP (S (VP aided (PP by (NP (NP a surge )NP (PP in (NP its travel business )NP )PP )NP )PP )VP )S and (PP despite (NP (NP a big rise )NP (PP in (NP Third World loan reserves )NP )PP )NP )PP )UCP )VP . )S  STOP
(NP Markets -- )NP  STOP
(NP (NP Stocks )NP : (NP (NP Volume )NP (NP *UNKN shares )NP )NP . )NP  STOP
(NP (NP (NP Dow Jones industrials )NP (NP *UNKN )NP , (ADVP up (NP *UNKN )NP )ADVP )NP ; (NP (NP transportation )NP (NP *UNKN )NP , (ADVP up (NP *UNKN )NP )ADVP )NP ; (NP (NP utilities )NP (NP *UNKN )NP , (ADVP up (NP *UNKN )NP )ADVP )NP . )NP  STOP
(NP (NP Bonds )NP : (NP (NP Shearson Lehman Hutton Treasury index )NP (NP *UNKN )NP , (ADVP up )ADVP )NP )NP  STOP
(NP (NP Commodities )NP : (NP (NP (NP Dow Jones futures index )NP (NP *UNKN )NP , (ADVP up (NP *UNKN )NP )ADVP )NP ; (NP (NP spot index )NP (NP *UNKN )NP , (ADVP up (NP *UNKN )NP )ADVP )NP )NP . )NP  STOP
(NP (NP Dollar )NP : (NP (NP (NP *UNKN yen )NP , (ADVP up (NP 0.25 )NP )ADVP )NP ; (NP (NP 1.8470 marks )NP , (ADVP off (NP *UNKN )NP )ADVP )NP )NP . )NP  STOP
(S (NP (NP Computer Sciences Corp. )NP , (NP (NP El *UNKC )NP , (NP Calif. )NP , )NP )NP (VP said (SBAR (S (NP the National *UNKC and Space Administration )NP (VP will (VP negotiate (NP (NP details )NP (PP of (NP (NP a contract )NP (VP valued (PP at (NP (QP about $ 170 million )QP )NP )PP )VP (S (VP to (VP provide (NP (NP software )NP (PP for (NP the *UNKC Research Center )NP )PP )NP )VP )VP )S )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(SINV (VP *UNKED (PP in (NP the three-year contract )NP )PP )VP (VP are )VP (NP (NP options )NP (PP for (NP two one-year *UNK )NP )PP )NP . )SINV  STOP
(S (S (NP NASA )NP (VP awarded (NP the contract )NP (PP to (NP *UNKC )NP )PP (PP in (NP November )NP )PP )VP )S but (S (NP (NP an appeal )NP (PP by (NP (NP Sterling *UNKC Inc. )NP (PP of (NP Dallas )NP )PP )NP )PP )NP (VP sent (NP the contract )NP (PP to (NP (NP the General Services Administration Board )NP (PP of (NP *UNKC Appeals )NP )PP )NP )PP )VP )S and (S (NP the board )NP (VP required (S (NP NASA )NP (VP to (VP *UNK- (NP (NP bidders ' )NP proposals )NP )VP )VP )S )VP )S . )S  STOP
(S (NP Sterling )NP (VP (VP had (VP completed (NP (NP a five-year contract )NP (PP for (NP NASA )NP )PP )NP )VP )VP but (VP lost (NP (NP its bid )NP (PP for (NP *UNK )NP )PP )NP )VP )VP . )S  STOP
(S (SBAR As (S (VP directed (PP by (NP the board )NP )PP )VP )S )SBAR , (NP NASA )NP (VP (VP completed (NP the evaluation )NP )VP and (VP (ADVP again )ADVP chose (NP *UNKC )NP )VP )VP . )S  STOP
(S (PP For (NP (NP its fiscal year )NP (VP ended (NP March 31 )NP )VP )NP )PP , (NP *UNKC )NP (VP had (NP (NP revenue )NP (PP of (NP (QP $ 1.3 billion )QP )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP *UNKC (NP Northern California )NP (PP amid (NP an earthquake cleanup )NP )PP )VP . )S  STOP
(S (SBAR As (S (NP power and commuters )NP (VP returned (PP to (NP (NP much )NP (PP of (NP downtown San Francisco )NP )PP )NP )PP (PP for (NP (NP the first time )NP (PP since (NP (NP (NP Tuesday 's )NP temblor )NP (PP in (NP the Bay area )NP )PP )NP )PP )NP )PP )VP )S )SBAR , (NP (NP three strong aftershocks )NP , (NP (NP one )NP (VP measuring (NP *UNKN )NP (PP on (NP the Richter scale )NP )PP )VP )NP , )NP (VP jolted (NP the region )NP )VP . )S  STOP
(S (NP *UNKC injuries or damages )NP (VP were n't (VP reported )VP )VP . )S  STOP
(S (NP Californians )NP , (ADVP meanwhile )ADVP , (VP tried (S (VP to (VP cope (PP with (NP (NP *UNKED services )NP , (NP blocked *UNK )NP and (NP water shortages )NP )NP )PP (PP in (NP (NP the aftermath )NP (PP of (NP (NP the *UNK )NP (SBAR (WHNP that )WHNP (S (VP left (S (NP scores )NP (ADJP dead and injured )ADJP )S )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (VP remained (ADJP *UNK )ADJP )VP . )S  STOP
(S (S (NP Bush )NP (VP is (S (VP to (VP visit (NP the area )NP (NP today )NP )VP )VP )S )VP )S , and (S (NP (NP officials )NP (PP in (NP Washington )NP )PP )NP (VP estimated (SBAR that (S (NP emergency assistance )NP (VP would (VP total (NP (QP at least $ 2.5 billion )QP )NP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (S (NP (NP A series )NP (PP of (NP earthquakes )NP )PP )NP (VP struck (NP northern China )NP , (S (VP (VP killing (NP (QP at least 29 )QP people )NP )VP , (VP *UNKING (NP hundreds )NP )VP and (VP *UNKING (NP (QP about 8,000 )QP homes )NP )VP )VP )S )VP )S , (NP the *UNKC News Agency )NP (VP said )VP . )S  STOP
(S (NP The Senate )NP (VP rejected (NP (NP a constitutional amendment )NP (VP sought (PP by (NP Bush )NP )PP )VP (SBAR (S (VP to (VP prohibit (NP (NP *UNK )NP (PP of (NP the U.S. flag )NP )PP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (SBAR While (S (NP the proposal )NP (VP won (NP a slight majority )NP )VP )S )SBAR , (NP the *UNKN vote )NP (VP was (ADJP well short (PP of (NP (NP the two-thirds )NP (VP needed (S (VP to (VP approve (NP (NP changes )NP (PP in (NP the Constitution )NP )PP )NP )VP )VP )S )VP )NP )PP )ADJP )VP . )S  STOP
(S (NP It )NP (VP was (VP considered (S (NP (NP a victory )NP (PP for (NP (NP Democratic leaders )NP , (SBAR (WHNP who )WHNP (S (VP favor (NP (NP a law )NP (VP barring (NP flag *UNKING )NP )VP )NP )VP )S )SBAR )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP The House )NP (VP approved (NP (NP an (ADJP (QP $ *UNKN million )QP )ADJP aid package )NP (PP for (NP Poland and Hungary )NP )PP , (SBAR (WHNP (QP nearly double )QP what )WHNP (S (NP Bush )NP (VP had (VP requested )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP The vote )NP (PP of (NP *UNKN )NP )PP )NP (VP sent (NP the measure )NP (PP to (NP the Senate )NP )PP )VP . )S  STOP
(S (NP (NP Britain 's )NP chief justice )NP (VP *UNKED (NP (NP the murder *UNK )NP (PP of (NP four people )NP )PP (PP for (NP (NP Irish Republican Army *UNK )NP (SBAR (WHNP that )WHNP (S (VP killed (NP seven people )NP (PP in (NP 1974 )NP )PP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP The reversal )NP (VP came (SBAR after (S (NP the government )NP (VP conceded (SBAR that (S (NP investigators )NP (VP may (VP have (VP *UNKED (NP evidence )NP )VP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The `` *UNKC Four )NP , '' (NP (NP three *UNKC )NP and (NP an *UNKC )NP )NP , )NP (VP have (VP been (VP *UNKED (PP since (NP 1975 )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP The Nobel *UNKC )NP (PP in (NP literature )NP )PP )NP (VP was (VP won (PP by (NP (NP *UNKC Jose *UNKC )NP , (NP a Spanish writer )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP His *UNKN novel )NP `` (NP (NP The Family )NP (PP of (NP *UNKC *UNKC )NP )PP )NP '' )NP (VP is (VP considered (S (NP (NP the (ADJP most popular )ADJP work )NP (PP of (NP *UNK )NP )PP (PP in (NP Spanish )NP )PP (SBAR since (S (NP (NP *UNKC 's )NP `` (NX Don *UNKC )NX '' )NP (VP was (VP published (ADVP (NP 400 years )NP ago )ADVP )VP )VP )S )SBAR )NP )S )VP )VP . )S  STOP
(S (NP (NP The Swedish Academy )NP (PP in (NP Stockholm )NP )PP )NP (VP cited (NP the *UNK- *UNKC )NP (PP for `` (NP (ADJP rich and intensive )ADJP *UNK )NP )PP )VP . '' )S  STOP
(S (NP (NP The editor )NP (PP of (NP *UNKC )NP )PP )NP (VP was (VP (VP dismissed )VP and (VP succeeded (PP by (NP (NP a *UNK )NP (PP of (NP Soviet leader Gorbachev )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP The action )NP (PP at (NP (NP the Communist Party daily )NP , (VP viewed (PP as (NP (NP the Soviet Union 's )NP most *UNK newspaper )NP )PP )VP , )NP )PP )NP (VP was (VP considered (S (NP (NP the most significant development )NP (PP in (NP (NP a week )NP (PP of (NP (NP *UNKC *UNKING )NP (PP over (NP the press )NP )PP , (PP including (NP (NP sharp criticism )NP (PP from (NP Gorbachev )NP )PP )NP )PP )NP )PP )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP (NP East Germany 's )NP new leader )NP (VP met (PP with (NP *UNKC Church officials )NP )PP (S (VP to (VP discuss (NP (NP a growing opposition movement )NP (VP demanding (NP democratic freedoms )NP )VP )NP )VP )VP )S )VP . )S  STOP
(S (SBAR As (S (NP they )NP (VP *UNKED (PP near (NP East Berlin )NP )PP )VP )S )SBAR , (S (NP a pro-democracy protest )NP (VP *UNKED (PP in (NP (NP the *UNKC city )NP (PP of (NP *UNKC )NP )PP )NP )PP )VP )S , and (S (NP activists )NP (VP threatened (NP (NP further rallies )NP (PP against (NP (NP leader Krenz 's )NP expected *UNK- policies )NP )PP )NP )VP )S . )S  STOP
(S (NP (NP Police )NP (PP in (NP *UNKC )NP )PP )NP (VP *UNKED (NP (NP an international meeting )NP (PP on (NP human rights )NP )PP )NP , (S (VP *UNKING (NP (NP (NP (NP *UNKC 's )NP former foreign minister )NP , (NP *UNKC *UNKC )NP , )NP and (NP 14 other activists )NP )NP )VP )S )VP . )S  STOP
(S (NP A leading U.S. *UNK- monitor )NP (ADVP also )ADVP (VP was (ADVP briefly )ADVP (VP held )VP )VP . )S  STOP
(S (NP *UNKC *UNK *UNKC *UNKC )NP (ADVP reportedly )ADVP (VP escaped (NP (NP the *UNK )NP , (NP (NP the fourth )NP (PP against (NP activists )NP )PP (PP in (NP recent days )NP )PP )NP )NP )VP . )S  STOP
(S (NP Bush )NP (VP (VP met (PP in (NP Washington )NP )PP (PP with (NP (NP Spain 's )NP Prime Minister Gonzalez )NP )PP )VP and (VP discussed (SBAR (WHNP what )WHNP (S (NP the president )NP (VP called (S (NP `` (NP the unique role )NP '' (SBAR (WHNP that )WHNP (S (NP *UNKC )NP (VP can (VP play (PP in (S (VP *UNKING (NP (NP democracy )NP (PP in (NP (NP Eastern Europe )NP and (NP Latin America )NP )NP )PP )NP )VP )S )PP )VP )VP )S )SBAR )NP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Gonzalez )NP , (SBAR (WHNP who )WHNP (S (VP pledged (S (VP to (VP help (S (VP monitor (NP (NP voting )NP (PP in (NP Nicaragua )NP )PP )NP )VP )S )VP )VP )S )VP )S )SBAR , )NP (VP was (VP said (S (VP to (VP be (VP carrying (NP (NP proposals )NP (PP for (NP (NP free elections )NP (PP in (NP Panama )NP )PP )NP )PP )NP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP The Galileo *UNK )NP (VP *UNKED (ADVP *UNKLY )ADVP (PP toward (NP the planet *UNKC )NP )PP , (SBAR while (S (NP (NP five *UNK )NP (PP *UNK (NP the space shuttle *UNKC )NP )PP )NP (VP measured (NP (NP the Earth 's )NP ozone *UNK )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNK probe )NP (VP was (VP *UNKED (NP Wednesday )NP (PP by (NP (NP the shuttle crew )NP , (SBAR (WHNP which )WHNP (S (VP is (S (VP to (VP conduct (NP (NP a series )NP (PP of (NP (ADJP medical and other )ADJP experiments )NP )PP )NP (PP before (NP (NP their scheduled landing )NP (NP Monday )NP (PP in (NP California )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC and Britain )NP (VP agreed (S (VP to (VP resume (NP (ADJP diplomatic and economic )ADJP relations )NP )VP )VP , (SBAR (NP seven years )NP after (S (NP the two nations )NP (VP *UNKED (PP over (NP the *UNKC *UNKC )NP )PP )VP )S )SBAR )S )VP . )S  STOP
(S (NP (NP The announcement )NP , (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP they )NP (VP said (SBAR (S (NP *UNK )NP (VP had (VP *UNKED )VP )VP )S )SBAR )VP )S )SBAR , )NP (VP followed (NP (NP a two-day meeting )NP (PP in (NP *UNKC )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC *UNK )NP (VP *UNKED (NP (NP the capital )NP (PP of (NP Afghanistan )NP )PP )NP , (S (VP killing (NP (QP at least 12 )QP people )NP )VP )S , (SBAR as (S (NP the Soviet Union )NP (VP was (VP reported (S (VP to (VP be (VP *UNKING (NP arms and food )NP (PP to (NP (NP Kabul 's )NP forces )NP )PP )VP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKING )NP (ADVP also )ADVP (VP was (VP reported (PP around (NP (NP (NP the strategic town )NP (PP of (NP *UNKC )NP )PP )NP , (PP near (NP the *UNKC border )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Saudi Arabia 's )NP foreign minister )NP (VP met (PP in (NP *UNKC )NP )PP (PP with (NP President *UNKC )NP )PP (S (VP to (VP develop (NP (NP a plan )NP (PP for (NP (NP the withdrawal )NP (PP of (NP (NP *UNKC 's )NP 40,000 troops )NP )PP (PP from (NP Lebanon )NP )PP )NP )PP )NP (PP as (NP (NP part )NP (PP of (NP (NP a settlement )NP (PP of (NP (NP that nation 's )NP *UNK- civil war )NP )PP )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The talks )NP (VP came (SBAR as (S (NP (NP *UNKC negotiations )NP (PP on (NP political changes )NP )PP )NP (VP appeared (ADJP *UNKED )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP GOP Sen. *UNKC )NP (PP of (NP Pennsylvania )NP )PP )NP (VP said (SBAR (S (NP he )NP (VP would (VP vote (S (VP to (VP *UNK (NP federal Judge *UNKC Hastings )NP (PP in (NP (NP his impeachment trial )NP (PP on (NP (NP charges )NP (PP of (NP (NP perjury )NP and (NP bribery conspiracy )NP )NP )PP )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP (NP the vice chairman )NP (PP of (NP (NP the Senate 's )NP evidence panel )NP )PP )NP , )NP (VP said (SBAR (S (NP there )NP (VP was `` (NP (NP insufficient evidence )NP (SBAR (S (VP to (VP *UNK '' (NP the Miami *UNK )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (PP After (S (VP slipping (PP on (NP (NP news )NP (PP of (NP a *UNKED U.S. inflation figure )NP )PP )NP )PP )VP )S )PP , (NP the dollar )NP (VP rebounded (ADVP later (PP in (NP the trading day )NP )PP )ADVP )VP . )S  STOP
(S (NP The U.S. unit )NP (VP dipped (PP to (NP (NP a session low )NP (PP against (NP the mark )NP )PP )NP )PP (PP just after (NP (NP the release )NP (PP of (NP the U.S. consumer price index )NP )PP )NP )PP )VP . )S  STOP
(S (NP The report )NP (VP showed (SBAR that (S (NP September consumer prices )NP (VP rose (NP (NP (QP just 0.2 )QP % )NP , (NP (NP a smaller increase )NP (SBAR than (S (VP expected )VP )S )SBAR )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The market )NP (VP had (VP anticipated (NP (NP a (ADJP 0.4 % )ADJP rise )NP (PP in (NP the price index )NP )PP )NP )VP )VP . )S  STOP
(S (NP The September index )NP (VP fueled (NP (NP speculation )NP , (ADJP damaging (PP to (NP the dollar )NP )PP )ADJP , (SBAR that (S (NP the Federal Reserve )NP (ADVP soon )ADVP (VP will (VP ease (NP monetary policy )NP (ADVP further )ADVP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S But (NP foreign-exchange dealers )NP (VP said (SBAR (S (NP the dollar )NP (VP staged (NP a quick comeback )NP , (S (VP prompted (PP by (NP (NP (NP a round )NP (PP of (NP short covering )NP )PP )NP and (NP some fresh buying interest )NP )NP )PP (ADVP later (PP in (NP the trading day )NP )PP )ADVP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Traders )NP (VP said (SBAR that (S (NP (NP (NP a (ADJP nearly *UNK- )ADJP gain )NP (PP in (NP the Dow Jones Industrial Average )NP )PP )NP , (VP fueled (PP (PP in (NP part )NP )PP by (NP (NP news )NP (PP of (NP a *UNKED price index )NP )PP )NP )PP )VP , )NP (VP had (NP (NP little influence )NP (PP on (NP (NP the dollar 's )NP moves )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP The market )NP (VP is (VP beginning (S (VP to (VP *UNK (NP itself )NP (PP from (NP Wall Street )NP )PP )VP )VP )S )VP )VP )S , '' (VP said )VP (NP one New York trader )NP . )SINV  STOP
(S (PP In (NP late New York trading )NP )PP (NP yesterday )NP , (NP the dollar )NP (VP was (VP quoted (PP (PP at (NP (NP 1.8470 marks )NP , (ADVP down (PP from (NP *UNKN marks )NP (NP late Wednesday )NP )PP )ADVP )NP )PP , and (PP at (NP (NP *UNKN yen )NP , (ADVP up (PP from (NP 141.45 yen )NP (NP late Wednesday )NP )PP )ADVP )NP )PP )PP )VP )VP . )S  STOP
(S (NP Sterling )NP (VP was (VP quoted (PP at (NP (NP $ *UNKN )NP , (ADVP up (PP from (NP $ *UNKN )NP (NP late Wednesday )NP )PP )ADVP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP Tokyo )NP )PP (NP Friday )NP , (NP the U.S. currency )NP (VP opened (PP for (NP trading )NP )PP (PP at (NP *UNKN yen )NP )PP , (ADVP up (PP from (NP (NP (NP Thursday 's )NP Tokyo close )NP (PP of (NP *UNKN yen )NP )PP )NP )PP )ADVP )VP . )S  STOP
(S (NP Some analysts )NP (VP said (SBAR (S (NP the consumer price index )NP (VP reflects (NP (NP a (ADJP more significant )ADJP slowdown )NP (PP in (NP the U.S. economy )NP )PP (SBAR than (S (ADVP earlier )ADVP (VP indicated )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP point (PRT out )PRT (SBAR that (S (NP (NP September 's )NP *UNK- index )NP (VP showed (NP a (ADJP 0.9 % )ADJP increase )NP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP noted (SBAR that (S (SBAR because (S (NP (NP the consumer price index )NP , (VP known (PP as (NP the *UNKC )NP )PP )VP , )NP (VP (VP is (NP (NP a (ADJP more comprehensive )ADJP measure )NP (PP of (NP inflation )NP )PP )NP )VP and (VP is (VP rising (ADVP (ADVP less rapidly )ADVP (PP than (NP (NP the *UNK- index )NP , or (NP *UNKC )NP )NP )PP )ADVP )VP )VP )VP )S )SBAR , (NP it )NP (VP could (VP signal (NP (NP further easing )NP (PP by (NP Fed )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Others )NP (VP suggested , (ADVP however )ADVP , (SBAR that (S (NP the Fed )NP (VP will (VP hold (NP (NP any changes )NP (PP in (NP monetary policy )NP )PP )NP (PP in (NP check )NP )PP , (S (VP leaving (NP fed funds )NP (PP at (NP (NP (QP around 8 3\/4 )QP % )NP , (ADVP down (PP from (NP (NP the (ADJP 9 % )ADJP level )NP (SBAR (WHNP that )WHNP (S (VP prevailed (PP (PP from (NP July )NP )PP (PP through (NP September )NP )PP )PP )VP )S )SBAR )NP )PP )ADVP )NP )PP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP chief economist )NP (PP with (NP the Swiss Bank Corp. )NP )PP )NP , )NP (VP said (SBAR that (S (NP both *UNKC and *UNKC )NP (VP climbed (NP (NP (QP around 4 1\/2 )QP % )NP (ADJP *UNK- )ADJP )NP (PP in (NP September )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP argued (SBAR that (S (NP both *UNKC and *UNKC )NP (VP have (PP in (NP fact )NP )PP (VP *UNKED (PP since (NP spring )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP The Fed )NP (VP wo n't (VP be (VP *UNKED (PP into (NP easing )NP )PP )VP )VP )VP )S , '' (NP Mr. *UNKC )NP (VP said , (S (VP predicting (SBAR that (S (PP for (NP now )NP )PP , (NP interest rates )NP (VP will (VP stay (SBAR (WHADVP where )WHADVP (S (NP they )NP (VP are )VP )S )SBAR )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP (NP A *UNK- matched *UNK- agreement )NP , (NP a move (S (VP to (VP drain (NP liquidity )NP (PP from (NP the system )NP )PP )VP )VP )S )NP , )NP (VP was (VP viewed (PP as (NP (NP a technical move )NP , (CONJP rather than )CONJP (NP (NP an indication )NP (PP of (NP *UNKING credit )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP Market participants )NP (VP note (SBAR that (S (NP the mark )NP (VP continues (S (VP to (VP post (NP (NP *UNK gains )NP (PP against (NP its U.S. counterpart )NP )PP (PP than (NP (NP any other major currency )NP , (ADVP particularly )ADVP (NP the yen )NP )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP There )NP (VP 's (NP (NP a *UNK pit )NP (PP of (NP (NP dollar demand )NP '' (PP by (NP Japanese investors )NP )PP )NP )PP )NP )VP )S , (VP said )VP (NP (NP Graham *UNKC )NP , (NP (NP managing director )NP (PP of (NP foreign exchange )NP )PP (PP at (NP (NP *UNKC & *UNKC Banking Corp. )NP (PP in (NP New York )NP )PP )NP )PP )NP )NP , (S (VP adding (SBAR that (S (NP (ADJP *UNKLY *UNK )ADJP demand )NP (VP would n't (VP hold (NP the dollar )NP (PP at (NP its recent levels )NP )PP (PP against (NP the Japanese currency )NP )PP )VP )VP )S )SBAR )VP )S . )SINV  STOP
(S (NP Mr. *UNKC )NP (VP *UNKED (SBAR that (S (NP the mark )NP (VP remains (ADJP well bid )ADJP (PP against (NP other currencies )NP )PP (ADVP as well )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Robert White )NP , (NP (NP manager )NP (PP of (NP corporate trading )NP )PP (PP at (NP (NP First Interstate )NP (PP of (NP California )NP )PP )NP )PP )NP , )NP (VP called (S (NP the market )NP `` (ADJP *UNKLY *UNK- )ADJP )S , '' (S (VP noting (SBAR that (S (NP the U.S. )NP (VP (VP remains (NP (NP a `` *UNK grab *UNK '' )NP (PP for (NP Japanese investors )NP )PP )NP )VP (SBAR (WHNP which )WHNP (S (VP accounts (PP for (NP (NP the *UNKED demand )NP (PP for (NP U.S. dollars )NP )PP )NP )PP )VP )S )SBAR )VP )S )SBAR )VP )S )VP . )S  STOP
(S (PP On (NP (NP the Commodity Exchange )NP (PP in (NP New York )NP )PP )NP )PP , (NP gold )NP (VP dropped (NP $ *UNKN )NP (PP to (NP (NP $ *UNKN )NP (NP an ounce )NP )NP )PP (PP in (NP moderate trading )NP )PP )VP . )S  STOP
(S (NP Estimated volume )NP (VP was (NP (QP three million )QP ounces )NP )VP . )S  STOP
(S (PP In (NP early trading )NP )PP (PP in (NP Hong Kong )NP )PP (NP Friday )NP , (NP gold )NP (VP was (PP at (NP (NP (QP about $ *UNKN )QP )NP (NP an ounce )NP )NP )PP )VP . )S  STOP
(S (NP (NP Hotel Investors Trust )NP and (NP (NP its affiliate )NP , (NP Hotel Investors Corp. )NP , )NP )NP (VP said (SBAR (S (NP the companies )NP (VP plan (S (VP to (VP sell (NP (NP all )NP (PP of (NP (NP the hotels )NP (SBAR (S (NP the companies )NP (VP own and operate )VP )S )SBAR )NP )PP , (PP except (PP for (NP (NP two *UNK- )NP (PP in (NP (NP Las Vegas )NP , (NP *UNKC )NP )NP )PP )NP )PP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP The (NX (NX hotels )NX and (NX management interests )NX )NX )NP (VP will (VP be (VP sold (PP at (NP an auction )NP )PP )VP )VP )VP )S , (VP said )VP (NP (NP John *UNKC )NP , (NP (NP (NP (NP president )NP and (NP chief executive officer )NP )NP (PP of (NP the trust )NP )PP )NP and (NP (NP a director )NP (PP of (NP the corporation )NP )PP )NP )NP )NP . )SINV  STOP
(S (NP (NP Value )NP (PP of (NP the (NX (NX properties )NX and (NX management interests )NX )NX )NP )PP )NP (VP was n't (VP disclosed )VP )VP . )S  STOP
(S (PP In (NP all )NP )PP , (NP the (ADJP Los Angeles-based )ADJP trust )NP (VP plans (S (VP to (VP sell (NP (NP its interests )NP (PP in (NP 36 hotels )NP )PP )NP )VP )VP )S , (SBAR while (S (NP the corporation )NP (VP will (VP sell (NP (NP its management interests )NP (PP in (NP (NP 32 )NP (PP of (NP those properties )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(SINV (VP *UNKED (PP from (NP the sale )NP )PP )VP (VP are )VP (NP (NP the interests )NP (PP of (NP (NP the trust )NP and (NP the corporation )NP )NP )PP (PP in (NP two Las Vegas *UNK- )NP )PP )NP . )SINV  STOP
(S (PP After (S (VP (VP completing (NP the sale )NP )VP and (VP paying (NP debts )NP )VP )VP )S )PP , (NP the trust and corporation )NP (VP will (VP consider (NP (NP a number )NP (PP of (NP options )NP )PP (PP including (NP (NP a stock repurchase )NP , (NP (NP payment )NP (PP of (NP special dividend )NP )PP )NP or (NP (NP investment )NP (PP in (NP more *UNKING properties )NP )PP )NP )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP The companies )NP (VP will (VP retain (NP (NP their current regular quarterly dividend )NP (PP of (NP 25 cents )NP )PP )NP (PP during (NP the sale process )NP )PP )VP )VP )S , (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (PP For (NP the first six months )NP )PP , (NP the trust and corporation )NP (VP had (NP (NP a net loss )NP (PP of (NP $ *UNKN )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC International Inc. )NP , (S (VP citing (NP (NP cost-cutting moves )NP and (NP (NP increased sales )NP (PP of (NP its (NX (NX *UNK- products )NX and (NX *UNK *UNK )NX )NX )NP )PP )NP )NP )VP )S , (VP posted (NP (NP a (ADJP 20 % )ADJP rise )NP (PP in (NP third-quarter net income )NP )PP )NP (PP on (NP a (ADJP 5.9 % )ADJP sales boost )NP )PP )VP . )S  STOP
(S (NP The (NAC *UNKC , Ill. , )NAC medical products and services company )NP (VP posted (NP (NP net )NP (PP of (NP (NP (NP (QP $ 102 million )QP )NP , or (NP (NP 34 cents )NP (NP a share )NP )NP , )NP (PP compared (PP with (NP (NP (QP $ 85 million )QP )NP , or (NP (NP 28 cents )NP (NP a share )NP )NP , )NP (ADVP (NP a year )NP ago )ADVP )PP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Sales )NP (VP totaled (NP (QP $ *UNKN billion )QP )NP (ADVP up (PP from (NP (QP $ *UNKN billion )QP )NP (NP the previous year )NP )PP )ADVP )VP . )S  STOP
(S (PP For (NP the nine-month period )NP )PP , (NP *UNKC )NP (VP said (SBAR (S (NP net )NP (VP rose (NP 15 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ 1.02 )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 89 cents )NP (NP a share )NP )NP , )NP )PP (PP during (NP the year-ago period )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Sales )NP (PP for (NP the nine months )NP )PP )NP (VP were (ADVP up (NP 8 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP (PP in (NP (NP the same period )NP (PP in (NP 1988 )NP )PP )NP )PP )PP )ADVP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP , (NP *UNKC )NP (VP closed (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP , (ADVP down (NP 12.5 cents )NP )ADVP )VP . )S  STOP
(S (NP (NP A group )NP (VP bidding (PP for (NP (NP American Medical International Inc. )NP , (NP New York )NP , )NP )PP )VP )NP (VP said (SBAR (S (NP it )NP (VP (ADVP formally )ADVP received (NP (NP the final financing )NP (VP needed (PP for (NP (NP a (ADJP (QP $ 3 billion )QP )ADJP bid )NP (PP for (NP (NP (QP about 86 )QP % )NP (PP of (NP (NP the hospital operator 's )NP stock )NP )PP )NP )PP )NP )PP )VP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The offer )NP (PP from (NP IMA Acquisition Corp. )NP )PP , (PP for (NP (QP as many as 63 million )QP shares )NP )PP , )NP (VP is (VP set (S (VP to (VP expire (NP Wednesday )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP Earlier this month )NP , (NP IMA )NP (VP said (SBAR (S (NP it )NP (VP had (VP received (NP (NP (QP about $ 1 billion )QP )NP (PP of (NP senior debt financing )NP )PP )NP (PP from (NP (NP Chemical Bank )NP and (NP six other banks )NP )NP )PP )VP )VP )S )SBAR )VP )S ; (S (NP Chemical Bank )NP (VP said (SBAR (S (NP it )NP (VP was (ADJP `` highly confident '' (SBAR (S (NP it )NP (VP could (VP *UNK (NP (NP the balance )NP (PP of (NP (QP about $ *UNKN million )QP )NP )PP )NP )VP )VP )S )SBAR )ADJP )VP )S )SBAR )VP )S . )S  STOP
(S (PP In (NP addition )NP )PP , (NP the (ADJP (QP $ 3 billion )QP )ADJP bid )NP (VP includes (NP (NP (NP (QP $ 1 billion )QP )NP (PP of (NP debt )NP )PP (SBAR (WHNP that )WHNP (S (VP will (VP be (VP assumed (PP by (NP IMA )NP )PP )VP )VP )VP )S )SBAR )NP , (NP (NP (QP $ 600 million )QP )NP (PP of (NP high-yield junk bonds )NP )PP (SBAR (WHNP that )WHNP (S (VP will (VP be (VP sold (PP by (NP First Boston Corp. )NP )PP )VP )VP )VP )S )SBAR )NP and (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP equity )NP )PP )NP )NP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP (NP yesterday )NP , (NP American Medical )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP up (NP $ 1.875 )NP )ADVP )VP . )S  STOP
(S (NP American Medical )NP (VP (VP has (VP agreed (PP to (NP the offer )NP )PP )VP )VP , but (VP (NP earlier this month )NP said (SBAR (S (NP it )NP (VP had (VP received (NP (NP new `` *UNK )NP (PP of (NP interest )NP )PP )NP '' (PP from (NP two previous bidders )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP American Medical )NP (VP said (SBAR (S (NP it )NP (VP (VP would (VP pursue (NP (NP the inquiries )NP (PP from (NP the companies )NP )PP )NP )VP )VP , but (VP (VP would n't (VP identify (NP them )NP (SBAR unless (S (NP they )NP (VP make (NP firm offers )NP )VP )S )SBAR )VP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP H&R Block )NP (VP is (NP (NP one )NP (PP of (NP (NP the great success stories )NP (PP of (NP U.S. business )NP )PP )NP )PP )NP )VP . )S  STOP
(S (ADVP *UNKLY enough )ADVP , (NP this )NP (VP presents (NP a problem )NP (PP for (NP the stock )NP )PP )VP . )S  STOP
(S (NP Some money managers )NP (VP are (VP *UNKED (PP with (NP H&R Block )NP )PP (SBAR because (S (NP they )NP (VP suspect (SBAR (S (NP (NP the company 's )NP *UNK days )NP (VP are (UCP (ADJP past )ADJP , or (VP (ADVP at least )ADVP passing )VP )UCP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP (NP Block 's )NP *UNK- business )NP (VP is (ADJP mature )ADJP )VP )S (PRN , (S (NP they )NP (VP say )VP )S , )PRN and (S (NP (NP some )NP (PP of (NP its *UNK )NP )PP )NP (VP are (VP facing (NP tough competition )NP )VP )VP )S . )S  STOP
(S (NP (NP It )NP )NP (VP 's (NP no secret )NP (SBAR that (S (NP Block )NP (VP *UNK (NP the mass-market *UNK- business )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The Street )NP (VP knows (PP all about (NP (NP the *UNK )NP (PP of (NP (NP its earnings )NP , (SBAR (WHNP which )WHNP (S (VP are (VP headed (PP for (NP a *UNK consecutive *UNKLY increase )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP has (VP (ADVP consistently )ADVP earned (NP (NP more )NP (PP than (NP a (ADJP 20 % )ADJP annual return )NP )PP )NP (PP on (NP its net worth )NP )PP (SBAR while (S (NP many companies )NP (VP would (VP be (ADJP happy )ADJP (PP with (NP 15 % )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(SINV (S But (NP the *UNK- business )NP (ADVP simply )ADVP (VP has (NP (NP no more room )NP (SBAR (S (VP to (VP grow )VP )VP )S )SBAR )NP )VP )S , (VP says )VP (NP (NP Mark *UNKC )NP , (NP (NP director )NP (PP of (NP research )NP )PP (PP for (NP (NP Capital *UNKC Inc. )NP , (NP (NP a Chicago firm )NP (SBAR (WHNP that )WHNP (S (VP manages (NP (QP $ 6.5 billion )QP )NP )VP )S )SBAR )NP )NP )PP )NP )NP . )SINV  STOP
(S `` (S (NP You )NP (VP go (PP to (NP (NP any medium-sized town )NP (PP in (NP the U.S. )NP )PP )NP )PP )VP )S and (S (NP you )NP (VP 're (VP going (S (VP to (VP see (NP H&R Block tax services )NP )VP )VP )S )VP )VP )S . '' )S  STOP
(S (NP (NP Mr. *UNKC 's )NP firm )NP (ADVP once )ADVP (VP held (NP (NP (QP about 4.8 )QP % )NP (PP of (NP H&R Block )NP )PP )NP )VP . )S  STOP
(S (NP That )NP (VP was (SBAR before (S (NP the 1986 tax `` reform '' )NP (VP made (S (NP taxes )NP (ADJP (ADJP more complex )ADJP (PP than (NP ever )NP )PP )ADJP )S )VP )S )SBAR )VP . )S  STOP
(S `` (NP (NP One thing )NP (SBAR (S (NP you )NP (VP can (VP bet (PP on )PP )VP )VP )S )SBAR )NP (PRN , '' (S (NP he )NP (VP says )VP , )S )PRN `` (VP is (SBAR that (S (NP Congress )NP (VP will (VP do (NP *UNK things )NP (PP with (NP the Tax Code )NP )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S But (NP Capital *UNKC )NP (VP sold (NP (NP the last )NP (PP of (NP its H&R Block holdings )NP )PP )NP (NP earlier this year )NP )VP . )S  STOP
(S `` (S (NP They )NP (VP 're (VP *UNKING (ADVP around )ADVP (PP for (NP diversification )NP )PP )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (NP I )NP (VP think (SBAR (S (NP (NP a lot )NP (PP of (NP their businesses )NP )PP )NP (VP are (ADJP just *UNK- )ADJP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Last week )NP (NP the stock )NP (VP hit (NP (NP an *UNK- high )NP (PP of (NP (QP 37 1\/4 )QP )NP )PP )NP (PP before (S (VP getting (VP *UNKED (PRT up )PRT (PP in (NP the *UNKC *UNK )NP )PP )VP )VP )S )PP )VP . )S  STOP
(S (NP It )NP (VP closed (NP yesterday )NP (PP at (NP (QP 34 3\/4 )QP )NP )PP )VP . )S  STOP
(S (S (VP To (VP be (ADJP sure )ADJP )VP )VP )S , (NP the stock )NP (ADVP still )ADVP (VP has (NP (NP a lot )NP (PP of (NP fans )NP )PP )NP )VP . )S  STOP
(SINV `` (S (SBAR If (S (NP you )NP (VP invested (NP $ 10,000 )NP (PP in (NP the initial public offering )NP )PP (PP in (NP *UNKN )NP )PP )VP )S )SBAR , (NP it )NP (VP would (VP be (ADJP worth (NP (QP well over $ 5 million )QP )NP )ADJP (NP today )NP )VP )VP )S , '' (VP says )VP (NP (NP *UNKC E. Russell )NP , (NP a (NAC *UNKC , *UNKC , )NAC money manager )NP )NP . )SINV  STOP
(S `` (NP I )NP (VP do n't (VP know (SBAR (WHNP what )WHNP (S (NP (NP the risk )NP )NP (VP is (PRN -LCB- (PP of (S (VP holding (NP the stock )NP )VP )S )PP -RCB- )PRN )VP )S )SBAR )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP are not (VP going (ADJP out (PP of (NP business )NP )PP )ADJP )VP )VP . '' )S  STOP
(S (NP (NP Many )NP (PP of (NP his *UNK )NP )PP )NP (VP feel (NP the same way )NP )VP . )S  STOP
(S (NP (NP The number )NP (PP of (NP (NP big institutions )NP (SBAR (WHNP that )WHNP (S (VP own (NP H&R Block shares )NP )VP )S )SBAR )NP )PP )NP (VP is (UCP (NP *UNKN )NP and (VP growing )VP )UCP , (PP according (PP to (NP (NP a *UNK *UNKLY )NP (PP by (NP *UNKC Investment Technologies )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP *UNKC houses )NP (VP are (ADJP sweet (PP on (NP H&R Block )NP )PP )ADJP , (ADVP too )ADVP )VP . )S  STOP
(S (NP *UNKC Investment Research )NP (VP counts (NP (NP (NP five brokerage houses )NP (SBAR (WHNP that )WHNP (S (VP consider (S (NP the stock )NP (NP a buy )NP )S )VP )S )SBAR )NP , and (NP (NP four )NP (SBAR (WHNP that )WHNP (S (VP call (S (NP it )NP (NP a hold )NP )S )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (NP None )NP (VP *UNK (S (VP say (SBAR (S (VP to (VP sell (NP it )NP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S But (NP some money managers )NP (VP are (VP doing (NP just that )NP )VP )VP . )S  STOP
(S (NP (NP Eugene *UNKC )NP , (NP (NP president )NP (PP of (NP (NP *UNKC Investment Associates )NP (PP in (NP Minneapolis )NP )PP )NP )PP )NP , )NP (VP says , `` (S (SBAR (WHADVP When )WHADVP (S (NP we )NP (VP bought (NP it )NP )VP )S )SBAR , (NP we )NP (VP thought (SBAR (S (NP the growth rate )NP (VP was (VP going (S (VP to (VP accelerate )VP )VP )S )VP )VP )S )SBAR '' (PP because of (NP (NP computerized tax filing )NP and (NP (NP instant refunds )NP (PRN -LRB- (S (NP the customer )NP (VP (VP gets (NP a refund )NP (ADVP immediately )ADVP )VP but (VP pays (NP extra )NP (PP to (NP (NP the tax *UNK )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (PP for (NP (NP *UNKC Sam 's )NP check )NP )PP )VP )S )SBAR )NP )PP )VP )VP )S -RRB- )PRN )NP )NP )PP )VP )S )VP . )S  STOP
(S (S But (NP (NP neither )NP (PP of (NP those developments )NP )PP )NP (VP did (NP (NP much )NP (SBAR (S (VP to (VP *UNK (PRT up )PRT (NP growth )NP )VP )VP )S )SBAR )NP )VP )S , (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S (NP He )NP (VP figures (SBAR (S (NP Block earnings )NP (VP (VP are (ADVP now )ADVP (VP growing (PP at (NP (NP about a (ADJP 10 % )ADJP annual rate )NP (PRN -LRB- (ADVP down (PP from (NP (QP about 14 )QP % )NP (NP the past five years )NP )PP )ADVP -RRB- )PRN )NP )PP )VP )VP and (VP will (VP grow (PP at (NP an (ADJP *UNKN % )ADJP rate )NP )PP (PP in (NP the future )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP That )NP (VP 's `` (ADJP not bad )ADJP )VP )S (PRN , '' (S (NP Mr. *UNKC )NP (VP says )VP )S , )PRN but (S (NP it )NP (ADVP sure )ADVP (VP does n't (VP justify (S (NP Block shares )NP (VP being (VP priced (PP at (NP (NP (QP 15 to 16 times )QP estimated earnings )NP (PP for (NP fiscal 1990 )NP )PP )NP )PP )VP )VP )S )VP )VP )S . )S  STOP
(S (S (NP He )NP (VP wants (NP (NP stocks )NP (SBAR (WHNP whose *UNK ratio )WHNP (S (VP is (ADJP (ADJP less )ADJP (PP than (NP their growth rate )NP )PP )ADJP )VP )S )SBAR )NP )VP )S ; (S (SBAR as (S (NP he )NP (VP figures (NP it )NP )VP )S )SBAR , (NP H&R Block )NP (VP does n't (ADVP even )ADVP (VP come (ADVP close )ADVP )VP )VP )S . )S  STOP
(S (NP Two other money managers )NP , (PP in (S (VP explaining (SBAR (WHADVP why )WHADVP (S (NP they )NP (VP have (VP sold (NP (NP large amounts )NP (PP of (NP H&R Block stock )NP )PP )NP (NP this year )NP )VP )VP )S )SBAR )VP )S )PP , (VP spoke (PP on (NP the condition (SBAR (S (NP they )NP not (VP be (VP named )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(SINV `` (S (S (S (NP The stock )NP (VP was (VP going (NP no place )NP )VP )VP )S and (S (NP the earnings )NP (VP were (ADJP *UNK- )ADJP )VP )S )S )S , '' (VP said )VP (NP one )NP . )SINV  STOP
(S -LRB- (PP In (NP the past two years )NP )PP , (NP the stock )NP (ADVP almost )ADVP (VP stalled (PRT out )PRT )VP . )S  STOP
(S (NP It )NP (VP (VP was (PP above (NP 33 )NP )PP (PRN , (S (VP adjusted (PP for (NP a subsequent split )NP )PP )VP )S , )PRN (PP in (NP 1987 )NP )PP )VP , and (VP has n't (VP gotten (ADJP much higher )ADJP (ADVP since )ADVP )VP )VP )VP . -RRB- )S  STOP
(S `` (S (NP There )NP (VP 's (NP no more growth )NP (PP in (NP the tax business )NP )PP (PP (PRN -LCB- except -RCB- )PRN for (NP increasing prices )NP )PP )VP )S , '' (NP the money manager )NP (VP added )VP . )S  STOP
(S (S (NP (NP The *UNKC subsidiary )NP (PRN -LRB- (SBAR (WHNP which )WHNP (S (VP provides (NP information )NP (PP to (NP *UNK- users )NP )PP )VP )S )SBAR -RRB- )PRN )NP (VP is `` (SBAR (WHADVP where )WHADVP (S (NP the growth )NP (VP is )VP )S )SBAR )VP )S (PRN , '' (S (NP he )NP (VP said )VP )S , )PRN but (S (NP its *UNK )NP (VP is `` (ADVP still )ADVP (ADJP too complicated )ADJP )VP )S . '' )S  STOP
(S (NP *UNKC )NP (VP provides (NP (NP (QP about 20 )QP % )NP (PP of (NP both sales and earnings )NP )PP )NP )VP . )S  STOP
(S (NP The tax business )NP (ADVP still )ADVP (VP provides (NP (NP (QP about 70 )QP % )NP (PP of (NP earnings )NP )PP )NP , (PP on (NP (NP (QP about 50 )QP % )NP (PP of (NP sales )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP (PRN -LRB- (NP (NP temporary workers )NP , (PP mostly in (NP the health-care area )NP )PP )NP -RRB- )PRN )NP (VP chips (PRT in )PRT (NP (NP (NP (QP close to 25 )QP % )NP (PP of (NP sales )NP )PP )NP but (NP (NP (QP only about 9 )QP % )NP (PP of (NP earnings )NP )PP )NP )NP )VP . )S  STOP
(SINV (S (NP (NP The shortage )NP (PP of (NP *UNK )NP )PP )NP (VP is (VP *UNKING (NP profit )NP (PP at (NP *UNKC *UNKC )NP )PP )VP )VP )S , (VP said )VP (NP the second money manager )NP . )SINV  STOP
(S (NP He )NP (VP (VP concedes (SBAR (S (NP H&R Block )NP (VP is (UCP `` (ADJP *UNKED )ADJP '' and `` (NP a great company )NP )UCP )VP )S )SBAR )VP , '' but (VP says `` (S (NP it )NP (VP does n't (VP grow (ADVP fast enough )ADVP (PP for (NP us )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP We )NP (VP 're (VP looking (PP for (NP (NP something )NP (SBAR (WHNP that )WHNP (S (VP (VP grows (ADVP faster )ADVP )VP and (VP sells (PP at (NP a comparable (PRN -LCB- *UNK- -RCB- )PRN multiple )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP . '' )S  STOP
(S (NP (NP Thomas M. *UNKC )NP , (NP (NP president )NP and (NP chief operating officer )NP )NP , )NP (VP says (SBAR (S `` (NP I )NP (VP would (VP disagree '' (SBAR that (S (NP the tax business )NP (VP is (ADJP mature )ADJP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP example )NP )PP (PRN , (S (NP he )NP (VP says )VP )S , )PRN (NP the company )NP (VP is (VP planning (S (VP to (VP go (ADJP nationwide )ADJP (PP with (NP (NP a new service )NP , (VP tested (PP in (NP (NP parts )NP (PP of (NP the country )NP )PP )NP )PP )VP , (VP aimed (PP at (NP (NP taxpayers )NP (SBAR (WHNP who )WHNP (S (VP want (NP refunds )NP (PP in (NP a hurry )NP )PP )VP )S )SBAR )NP )PP )VP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP concedes (SBAR that (S (NP a recent diversification attempt )NP (VP fell (PRT through )PRT )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP We )NP (VP 're (ADVP still )ADVP (ADJP interested (PRN -LCB- (PP in (NP *UNKING )NP )PP -RCB- )PRN )ADJP )VP )S (PRN , '' (S (NP he )NP (VP says )VP )S , )PRN `` but (S (NP we )NP (VP 'd (ADVP rather )ADVP (VP be (ADJP (ADJP prudent )ADJP (SBAR than (S (VP make (NP a mistake )NP )VP )S )SBAR )ADJP )VP )VP )S . '' )S  STOP
(S (NP He )NP (ADVP also )ADVP (VP says (SBAR (S (NP (NP *UNKC 's )NP earnings )NP (VP continue (S (VP to (VP grow `` (NP (NP (NP 20 % )NP to (NP 30 % )NP )NP (NP a year )NP )NP '' )VP )VP )S (PP in (NP (NP spite )NP (PP of (NP (NP tough competition )NP (PP from (NP (NP giants )NP (PP like (NP Sears and IBM )NP )PP )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S And (NP he )NP (VP says (SBAR (S (NP (NP Block 's )NP other businesses )NP (VP are (VP growing , (SBAR although (FRAG (ADVP less consistently )ADVP )FRAG )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(NP (NP H&R Block )NP (PRN -LRB- (NP (NP NYSE )NP ; (NP *UNKC )NP )NP -RRB- )PRN )NP  STOP
(NP (NP Business )NP : (NP Tax *UNKC )NP )NP  STOP
(NP (NP Year )NP (VP ended (NP April 30 , 1989 )NP )VP : )NP  STOP
(NP (NP Revenue )NP : (NP (QP $ *UNKN million )QP )NP )NP  STOP
(NP (NP Net loss )NP : (NP (NP (QP $ *UNKN million )QP )NP ; (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )NP  STOP
(NP (NP First quarter )NP , (NP July 31 , 1989 )NP : )NP  STOP
(NP (NP Per-share earnings )NP : (NP (NP (NP *UNKC )NP (PP of (NP 8 cents )NP )PP )NP vs. (NP (NP loss )NP (PP of (NP 9 cents )NP )PP )NP )NP )NP  STOP
(NP (NP Average daily trading volume )NP : (NP *UNKN shares )NP )NP  STOP
(S (NP *UNKC Industries Inc. )NP (VP said (SBAR (S (NP its board )NP (VP authorized (NP (NP (NP the redemption )NP (NP Dec. 6 )NP (PP of (NP (NP the company 's )NP (ADJP $ 1 )ADJP cumulative convertible special preferred stock )NP )PP (PP at (NP (NP (NP $ *UNKN )NP (NP a share )NP )NP , (PP not including (NP (NP a 25 cent dividend )NP (PP for (NP the current quarter )NP )PP )NP )PP )NP )PP )NP , and (NP (NP the (ADJP $ 3 )ADJP cumulative convertible preferred stock )NP (PP at (NP (NP $ 75 )NP , (PP plus (NP (NP a 75 cent dividend )NP (PP for (NP the current quarter )NP )PP )NP )PP )NP )PP )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The (NAC *UNKC , Ohio , )NAC maker )NP (PP of (NP (NP parts )NP (PP for (NP the building and transportation industries )NP )PP )NP )PP )NP (VP said (SBAR (S (NP (NP holders )NP (PP of (NP the two issues )NP )PP )NP (VP can (VP convert (NP their stock )NP (PP into (NP common shares )NP )PP (PP through (NP (NP the close )NP (PP of (NP business )NP )PP (NP Dec. 1 )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Each (ADJP $ 1 )ADJP cumulative share )NP (VP can (VP be (VP converted (PP into (NP *UNKN common shares )NP )PP )VP )VP )VP )S ; (S (NP (NP the ratio )NP (PP on (NP the (ADJP $ 3 )ADJP cumulative )NP )PP )NP (VP is (NP (NP eight common shares )NP (PP for (NP each (ADJP $ 3 )ADJP cumulative preferred )NP )PP )NP )VP )S . )S  STOP
(S (NP *UNKC )NP (VP did n't (VP indicate (SBAR (WHNP (WHNP (WHADVP how many )WHADVP shares )WHNP (ADJP outstanding )ADJP )WHNP (S (NP it )NP (VP has )VP )S (PP of (NP either issue )NP )PP )SBAR )VP )VP . )S  STOP
(S (NP Company officials )NP (VP could n't (VP be (VP reached )VP )VP )VP . )S  STOP
(S (NP Earlier this month )NP (NP the company )NP (VP said (SBAR (S (NP its board )NP (VP approved (NP (NP a proposed *UNKED leveraged buy-out )NP (PP at (NP (NP (NP $ *UNKN )NP (NP a share )NP )NP , or (NP (QP $ 750 million )QP )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S -LRB- (PP During (NP its centennial year )NP )PP , (NP The Wall Street Journal )NP (VP will (VP report (NP (NP events )NP (PP of (NP the past century )NP )PP (SBAR (WHNP that )WHNP (S (VP stand (PP as (NP (NP milestones )NP (PP of (NP American business history )NP )PP )NP )PP )VP )S )SBAR )NP )VP )VP . -RRB- )S  STOP
(S (NP (NP *UNKC AND *UNKC )NP , (NP (NP *UNKC *UNKC *UNKC )NP (PP for (NP options (S (VP to (VP sell or buy (NP (NP a company 's )NP shares )NP )VP )VP )S )NP )PP )NP , )NP (VP were (ADVP long )ADVP (NP (NP an *UNK Wall Street art )NP (VP (ADVP best )ADVP left (PP to (NP (NP the experts )NP , (SBAR (WHNP who )WHNP (S (VP used (NP them )NP (PP either (PP as (NP a hedge )NP )PP or (PP for (NP pure speculation )NP )PP )PP )VP )S )SBAR )NP )PP )VP )NP )VP . )S  STOP
(S (NP Options )NP (VP lost (NP (NP some )NP (PP of (NP their mystery )NP )PP )NP (PP in (NP (NP 1973 )NP (SBAR (WHADVP when )WHADVP (S (NP (NP the Chicago Board )NP (PP of (NP Trade )NP )PP )NP (VP set (PRT up )PRT (NP (NP a special exchange )NP (SBAR (S (VP to (VP deal (PP in (NP them )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP Until (NP then )NP )PP , (NP options )NP (VP had (VP been (VP traded (PP (PP only in (NP (NP the over-the-counter market )NP , (PP mostly in (NP New York )NP )PP , )NP )PP and (PP in (NP (NP an (ADJP almost *UNK )ADJP secondary market )NP (VP operating (ADVP *UNKLY )ADVP (PP by (NP telephone )NP )PP )VP )NP )PP )PP )VP )VP )VP . )S  STOP
(S (NP (NP (NP The Chicago Board )NP (PP of (NP Trade )NP )PP )NP , (NP the No. 1 U.S. grain market )NP , )NP (VP had (ADVP long )ADVP (VP *UNKED (PP under (NP (NP the attention )NP (VP won (PP by (NP (NP its innovative archrival )NP , (NP the *UNKING Mercantile Exchange )NP )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S So (NP (NP the men )NP (SBAR (WHNP who )WHNP (S (VP ran (NP the grain *UNK )NP )VP )S )SBAR )NP (VP *UNKED (SBAR (WHADVP when )WHADVP (S (NP (NP Joseph Sullivan )NP , (NP a *UNK- former Wall Street Journal *UNK )NP , )NP (VP offered (NP them )NP (NP (NP the idea )NP (PP of (NP *UNK- trading )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (PP After (NP (NP (NP four year )NP (PP of (NP *UNKING )NP )PP )NP and (NP (NP (QP $ 2.4 million )QP )NP (PP in (NP seed money )NP )PP )NP )NP )PP , (NP the board )NP (VP (VP set (PRT up )PRT (NP the new marketplace )NP )VP , (VP *UNKED (S (NP it )NP (NP the Chicago Board Options Exchange )NP )S )VP , and (VP named (S (NP Sullivan )NP (NP its first president )NP )S )VP )VP . )S  STOP
(S (NP The *UNK )NP (VP were (ADJP modest )ADJP )VP . )S  STOP
(S (NP The CBOE )NP (VP opened (PP for (NP business )NP )PP (PP on (NP April 26 , 1973 )NP )PP , (PP in (SBAR (WHNP what )WHNP (S (VP had (VP been (NP a (NAC Board (PP of (NP Trade )NP )PP )NAC *UNK )NP )VP )VP )S )SBAR )PP )VP . )S  STOP
(S (NP It )NP (VP listed (NP (QP just 16 )QP options (S (VP to (VP buy (NP (NP a `` pilot list '' )NP (PP of (NP (NP stocks )NP (PP on (NP the New York Stock Exchange )NP )PP )NP )PP )NP )VP )VP )S )NP )VP . )S  STOP
(S -LRB- (NP (NP *UNKC )NP , or (NP sell options )NP , )NP (VP would not (VP be (VP added (PP until (NP 1977 )NP )PP )VP )VP )VP . -RRB- )S  STOP
(S (NP The *UNKN members )NP (VP had (VP paid (NP $ 10,000 )NP (ADVP apiece )ADVP (PP for (NP seats )NP )PP )VP )VP . )S  STOP
(NP -LRB- (NP The 1989 price )NP : (NP $ 250,000 )NP . -RRB- )NP  STOP
(S (NP (NP The first day 's )NP business )NP (VP was (NP (NP *UNKN contracts )NP (PRN -LRB- (NP (NP each )NP (PP for (NP (NP 100 shares )NP (PP of (NP (NP one )NP (PP of (NP the listed stocks )NP )PP )NP )PP )NP )PP )NP -RRB- )PRN )NP )VP . )S  STOP
(S (PP By (NP (NP the end )NP (PP of (NP 1973 )NP )PP )NP )PP , (S (NP (NP the number )NP (PP of (NP `` underlying '' Big Board stocks )NP )PP )NP (VP had (VP been (VP increased (PP to (NP 50 )NP )PP )VP )VP )VP )S and (S (NP the options exchange )NP (VP had (VP run (PRT up )PRT (NP (NP volume )NP (PP of (NP (QP 1.1 million )QP contracts )NP )PP )NP )VP )VP )S . )S  STOP
(S (ADVP (NP A year )NP later )ADVP , (NP it )NP (VP was (NP 5.7 million )NP )VP . )S  STOP
(S (NP Last year )NP , (NP (NP (QP more than 1,800 )QP traders )NP (PP on (NP the CBOE )NP )PP )NP (VP bought and sold (NP (NP (NP (QP *UNKN million )QP contracts )NP (PP on (NP *UNKN listed stocks )NP )PP )NP , (NP (NP 60 % )NP (PP of (NP all U.S. listed options trading )NP )PP )NP )NP )VP . )S  STOP
(S (NP The new exchange )NP (VP drew (NP instant recognition )NP (PP from (NP an unwelcome quarter )NP )PP )VP . )S  STOP
(S (NP The government )NP , (S (VP *UNKING (PP against (NP fixed brokerage commissions )NP )PP )VP )S , (VP (ADVP promptly )ADVP sued (NP the CBOE )NP (PP over (NP its *UNK- system )NP )PP )VP . )S  STOP
(S (NP The Nuclear *UNKC Commission )NP (VP ruled (ADVP unanimously )ADVP (SBAR that (S (NP (NP the financial troubles )NP (VP facing (NP the (NAC *UNKC , *UNKC , )NAC *UNK- plant )NP )VP )NP (VP have (NP (NP no impact )NP (PP on (SBAR whether (S (NP the plant )NP (VP receives (NP a *UNK- license )NP )VP )S )SBAR )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Massachusetts Attorney General James Shannon )NP , (S (VP opposing (NP the license )NP )VP )S , (VP said (SBAR (S (NP he )NP (VP will (VP appeal (NP the ruling )NP (PP in (NP federal court )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Seabrook officials )NP (VP said (SBAR (S (NP the plant )NP (VP could (VP receive (NP a *UNK- license )NP (PP by (NP (NP the end )NP (PP of (NP the year )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNKC )NP (VP rejected (NP (NP Mr. Shannon 's )NP argument (SBAR that (S (NP (NP (NP Public Service Co. )NP (PP of (NP New Hampshire )NP )PP , (SBAR (WHNP which )WHNP (S (VP owns (NP (NP the largest share )NP (PP of (NP Seabrook )NP )PP )NP )VP )S )SBAR , )NP and (NP 11 other owners )NP )NP (VP are (ADJP financially unable (S (VP to (VP guarantee (NP (NP the plant 's )NP safe operation )NP )VP )VP )S )ADJP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Mr. Shannon )NP (VP was (VP seeking (NP (NP a waiver )NP (PP of (NP (NP *UNKC policy )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP financial considerations )NP (PP in (S (VP making (NP licensing decisions )NP )VP )S )PP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (PP In (NP its ruling )NP )PP , (NP the *UNKC )NP (VP said (SBAR that (S (SBAR because (S (NP Seabrook )NP (VP will (VP be (VP allowed (S (VP to (VP charge (NP (NP rates )NP (ADJP sufficient (S (VP to (VP (VP run (NP the plant )NP )VP and (VP make (NP payments )NP (PP on (NP past construction costs )NP )PP )VP )VP )VP )S )ADJP )NP )VP )VP )S )VP )VP )VP )S )SBAR , (NP (NP consideration )NP (PP of (NP (NP the owners ' )NP financial condition )NP )PP )NP (VP is (ADJP *UNK )ADJP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP The *UNK )NP (VP found (SBAR (S (NP (NP the circumstances )NP (PP of (NP the case )NP )PP )NP (VP did n't (VP *UNK (NP (NP the assurance )NP (PP from (NP government rate *UNK )NP )PP (PP of (NP (NP available funds )NP (ADJP adequate (PP for (NP safe operation )NP )PP )ADJP )NP )PP )NP )VP )VP )S )SBAR )VP )S , '' (VP said )VP (NP a commission spokesman )NP . )SINV  STOP
(S (PP In (NP January 1988 )NP )PP , (NP the utility )NP (VP filed (PP for (NP protection )NP )PP (PP under (NP (NP Chapter 11 )NP (PP of (NP the federal Bankruptcy Code )NP )PP )NP )PP , (S (VP allowing (S (NP it )NP (VP to (VP continue (S (VP to (VP operate (SBAR while (S (VP protected (PP from (NP (NP creditors ' )NP lawsuits )NP )PP )VP )S )SBAR )VP )VP )S )VP )VP )S )VP )S )VP . )S  STOP
(S (NP (NP (NP Bristol-Myers Squibb Co. )NP , (NP New York )NP , )NP (NP the (ADJP newly merged )ADJP drug and *UNK- company )NP , )NP (VP reported (NP (NP record third-quarter earnings )NP (PP for (NP (NP both companies )NP (PP in (NP the merger )NP )PP )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP Bristol-Myers Co. )NP and (NP (NP Squibb Corp. )NP , (NP (NP *UNKC )NP , (NP N.J. )NP , )NP )NP )NP (VP merged (NP Oct. 4 )NP )VP )S , but (S (NP the new company )NP (VP reported (NP (NP *UNK- earnings )NP (PP for (NP both companies )NP )PP )NP )VP )S . )S  STOP
(S (PP For (NP the fourth quarter )NP )PP , (NP Bristol-Myers Squibb )NP (VP will (VP report (NP (NP one set )NP (PP of (NP earnings )NP )PP )NP )VP )VP . )S  STOP
(S (NP Bristol-Myers )NP (VP said (SBAR (S (NP net income )NP (VP rose (NP 15 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 93 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 81 cents )NP (NP a share )NP )NP , )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Sales )NP (VP gained (NP 5 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP Squibb Corp. )NP (VP said (SBAR (S (NP net )NP (VP rose (NP 17 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ 1.25 )NP (NP a share )NP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Sales )NP (VP were (NP (QP $ *UNKN million )QP )NP , (ADVP up (NP 7 % )NP (PP from (NP (QP $ *UNKN million )QP )NP )PP )ADVP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP , (NP Bristol-Myers Squibb )NP (VP rose (NP $ 1.75 )NP (PP to (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (NP *UNKC Industries Inc. )NP , (S (VP hurt (PP by (NP (NP softness )NP (PP in (NP the U.S. (UCP automotive and construction )UCP industries )NP )PP )NP )PP )VP )S , (VP said (SBAR (S (NP third-quarter net income )NP (VP fell (NP 5.5 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 97 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ 1.03 )NP (NP a share )NP )NP , )NP (ADVP (NP a year )NP ago )ADVP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Sales )NP (VP were (ADJP nearly *UNK (PP to (NP the year-earlier (QP $ *UNKN billion )QP )NP )PP )ADJP )VP . )S  STOP
(S (NP (NP The drop )NP (PP in (NP earnings )NP )PP )NP (VP did n't (VP surprise (NP (NP analysts )NP (SBAR (WHNP who )WHNP (S (VP said (SBAR (S (NP the Pittsburgh glass , coatings and chemical concern )NP (VP had (VP been (VP predicting (NP a slow quarter )NP (PP because of (NP (NP the sluggish construction industry )NP , (NP (NP a major market )NP (PP for (NP (NP the company 's )NP flat glass )NP )PP )NP )NP )PP )VP )VP )VP )S )SBAR )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP (NP Glass sales )NP (PP to (NP (ADJP Canadian and European )ADJP auto makers )NP )PP )NP and (NP (NP sales )NP (PP of (NP (NP replacement auto glass )NP (PP in (NP all markets )NP )PP )NP )PP )NP )NP (VP increased )VP . )S  STOP
(S (NP The *UNKING segment )NP (ADVP also )ADVP (VP posted (NP higher sales )NP (PP particularly in (NP (NP North America )NP and (NP Europe )NP )NP )PP )VP . )S  STOP
(S But (S (NP sale increases )NP (VP were (VP offset (PP by (NP (NP *UNKING sales )NP (PP in (NP (NP flat glass )NP and (NP *UNK *UNK )NP )NP )PP )NP )PP )VP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (ADVP Also )ADVP , (NP chemicals sales )NP (VP were (ADJP slightly down )ADJP (PP because of (NP (NP lower prices )NP (PP for (NP (NP *UNK *UNK *UNK )NP and (NP other *UNK *UNK )NP )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP , (NP *UNKC )NP (VP closed (PP at (NP (NP $ 41 )NP (NP a share )NP )NP )PP , (ADVP down (NP 37.5 cents )NP )ADVP )VP . )S  STOP
(S (NP Jefferies Group Inc. )NP (VP said (SBAR (S (NP third-quarter net income )NP (VP fell (NP 4 % )NP , (PP to (NP (NP (QP $ 2.2 million )QP )NP , or (NP (NP 35 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ 2.3 million )QP )NP , or (NP (NP (NP 31 cents )NP (NP a share )NP )NP (PP on (NP more shares )NP )PP )NP , )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP 15 % )NP , (PP to (NP (QP $ 36 million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP (NP Jefferies )NP , (NP (NP a Los Angeles holding company )NP (VP (ADVP primarily )ADVP engaged (PP in (NP securities trading )NP )PP )VP )NP , )NP (ADVP also )ADVP (VP said (SBAR (S (NP (NP stock market declines )NP (PP since (NP (NP the quarter )NP (VP ended (NP Sept. 30 )NP )VP )NP )PP )NP (VP created (NP (NP an *UNKED pretax loss )NP (PP of (NP (QP about $ 6 million )QP )NP )PP (PP in (NP its risk arbitrage account )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP Jefferies )NP (VP said (SBAR (S (NP net )NP (VP fell (NP 39 % )NP , (PP to (NP (NP (QP $ 6.8 million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ 1.50 )NP (NP a share )NP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Revenue )NP (VP fell (NP 3 % )NP , (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP (NP Sony Corp. )NP , (NP New York )NP , )NP (VP said (SBAR (S (NP (NP its bids )NP (PP for (NP (NP Columbia Pictures Entertainment Inc. )NP and (NP Guber-Peters Entertainment Co. )NP )NP )PP )NP (VP have (VP been (VP cleared (PP by (NP federal antitrust regulators )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The Japanese company )NP (VP said (SBAR (S (NP (NP the waiting period )NP (PP under (NP the *UNKC antitrust act )NP )PP (PP for (NP (NP (NP the (ADJP (QP $ 3.4 billion )QP )ADJP bid )NP (PP for (NP Columbia )NP )PP )NP and (NP (NP the (ADJP (QP $ 200 million )QP )ADJP offer )NP (PP for (NP Guber-Peters )NP )PP )NP )NP )PP )NP (VP expired (NP Monday )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Sony )NP (VP (VP has (VP agreed (S (VP to (VP buy (NP both companies )NP )VP )VP )S )VP )VP , but (VP is (PP in (NP (NP a legal battle )NP (PP with (NP Warner Communications Inc. )NP )PP (PP over (NP (NP the services )NP (PP of (NP producers Peter Guber and Jon Peters )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP (NP a filing )NP (PP with (NP the Securities and Exchange Commission )NP )PP )NP )PP , (NP Sony )NP (ADVP also )ADVP (VP said (SBAR (S (NP (NP two more suits )NP )NP (VP have (VP been (VP filed (VP opposing (NP (NP the company 's )NP agreement (S (VP to (VP buy (NP Columbia )NP )VP )VP )S )NP )VP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Sony )NP (VP added (SBAR that (S (NP a hearing )NP (VP has (VP been (VP set (PP for (NP (NP Thursday )NP (PP in (NP the Delaware Chancery Court )NP )PP )NP )PP (PP in (NP (NP one )NP (PP of (NP the suits )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(NP (NP Thursday )NP , (NP October 19 , 1989 )NP )NP  STOP
(S (NP (NP The key (UCP U.S. and foreign )UCP annual interest rates )NP (ADVP below )ADVP )NP (VP (VP are (NP (NP a guide )NP (PP to (NP general levels )NP )PP )NP )VP but (VP do n't (ADVP always )ADVP (VP represent (NP actual transactions )NP )VP )VP )VP . )S  STOP
(NP (NP PRIME RATE )NP : (NP (QP 10 1\/2 )QP % )NP . )NP  STOP
(NP (NP The base rate )NP (PP on (NP corporate loans )NP )PP (PP at (NP large U.S. money center commercial banks )NP )PP . )NP  STOP
(NP (NP FEDERAL FUNDS )NP : (NP (NP (NP (QP 8 3\/4 )QP % )NP (ADJP high )ADJP )NP , (NP (NP (QP 8 5\/8 )QP % )NP (ADJP low )ADJP )NP , (NP (NP (QP 8 11\/16 )QP % )NP (PP near (NP closing bid )NP )PP )NP , (NP (NP (QP 8 11\/16 )QP % )NP (VP offered )VP )NP )NP . )NP  STOP
(S (NP Reserves )NP (VP traded (PP among (NP commercial banks )NP )PP (PP for (NP overnight use )NP )PP (PP in (NP (NP amounts )NP (PP of (NP (QP $ 1 million or more )QP )NP )PP )NP )PP )VP . )S  STOP
(NP (NP Source )NP : (NP Fulton Prebon (PRN -LRB- U.S.A . -RRB- )PRN Inc )NP . )NP  STOP
(NP (NP DISCOUNT RATE )NP : (NP 7 % )NP . )NP  STOP
(NP (NP The charge )NP (PP on (NP (NP loans )NP (PP to (NP depository institutions )NP )PP (PP by (NP the New York Federal Reserve Bank )NP )PP )NP )PP . )NP  STOP
(NP (NP CALL MONEY )NP : (NP (NP (QP 9 3\/4 )QP % )NP to (NP 10 % )NP )NP . )NP  STOP
(NP (NP The charge )NP (PP on (NP (NP loans )NP (PP to (NP brokers )NP )PP (PP on (NP stock exchange collateral )NP )PP )NP )PP . )NP  STOP
(NP (NP (NP COMMERCIAL PAPER )NP (VP placed (ADVP directly )ADVP (PP by (NP General Motors Acceptance Corp. )NP )PP )VP )NP : (NP (NP (NP 8.45 % )NP (NP (QP 30 to 44 )QP days )NP )NP ; (NP (NP 8.25 % )NP (NP (QP 45 to 73 )QP days )NP )NP ; (NP (NP *UNKN % )NP (NP (QP 74 to 99 )QP days )NP )NP ; (NP (NP *UNKN % )NP (NP (QP 100 to 179 )QP days )NP )NP ; (NP (NP 7.50 % )NP (NP (QP 180 to 270 )QP days )NP )NP )NP . )NP  STOP
(NP (NP COMMERCIAL PAPER )NP : (NP (NP (NP High-grade unsecured notes )NP (VP sold (PP through (NP dealers )NP )PP (PP by (NP major corporations )NP )PP (PP in (NP (NP multiples )NP (PP of (NP $ 1,000 )NP )PP )NP )PP )VP )NP : (NP (NP (NP *UNKN % )NP (NP 30 days )NP )NP ; (NP (NP *UNKN % )NP (NP 60 days )NP )NP ; (NP (NP 8.375 % )NP (NP 90 days )NP )NP )NP )NP . )NP  STOP
(NP (NP (NP CERTIFICATES )NP (PP OF (NP DEPOSIT )NP )PP )NP : (NP (NP (NP 8.05 % )NP (NP one month )NP )NP ; (NP (NP *UNKN % )NP (NP two months )NP )NP ; (NP (NP 8 % )NP (NP three months )NP )NP ; (NP (NP 7.98 % )NP (NP six months )NP )NP ; (NP (NP *UNKN % )NP (NP one year )NP )NP )NP . )NP  STOP
(NP (NP Average )NP (PP of (NP (NP top rates )NP (VP paid (PP by (NP major New York banks )NP )PP (PP (PP on (NP (NP primary new issues )NP (PP of (NP negotiable C.D.s )NP )PP )NP )PP , (ADVP usually )ADVP (PP on (NP (NP amounts )NP (PP of (NP (QP $ 1 million and more )QP )NP )PP )NP )PP )PP )VP )NP )PP . )NP  STOP
(S (NP The minimum unit )NP (VP is (NP $ 100,000 )NP )VP . )S  STOP
(NP (NP (NP Typical rates )NP (PP in (NP the secondary market )NP )PP )NP : (NP (NP (NP *UNKN % )NP (NP one month )NP )NP ; (NP (NP 8.60 % )NP (NP three months )NP )NP ; (NP (NP 8.45 % )NP (NP six months )NP )NP )NP . )NP  STOP
(NP (NP BANKERS ACCEPTANCES )NP : (NP (NP (NP 8.45 % )NP (NP 30 days )NP )NP ; (NP (NP *UNKN % )NP (NP 60 days )NP )NP ; (NP (NP 8.32 % )NP (NP 90 days )NP )NP ; (NP (NP *UNKN % )NP (NP 120 days )NP )NP ; (NP (NP *UNKN % )NP (NP 150 days )NP )NP ; (NP (NP 7.98 % )NP (NP 180 days )NP )NP )NP . )NP  STOP
(NP (NP Negotiable , bank-backed business credit instruments )NP (VP (ADVP typically )ADVP financing (NP an import order )NP )VP . )NP  STOP
(NP (NP LONDON LATE EURODOLLARS )NP : (NP (NP (NP (NP 8 11\/16 % )NP to (NP 8 9\/16 % )NP )NP (NP one month )NP )NP ; (NP (NP (NP 8 11\/16 % )NP to (NP 8 9\/16 % )NP )NP (NP two months )NP )NP ; (NP (NP (NP 8 11\/16 % )NP to (NP 8 9\/16 % )NP )NP (NP three months )NP )NP ; (NP (NP (NP 8 5\/8 % )NP to (NP 8 1\/2 % )NP )NP (NP four months )NP )NP ; (NP (NP (NP 8 9\/16 % )NP to (NP 8 7\/16 % )NP )NP (NP five months )NP )NP ; (NP (NP (NP 8 9\/16 % )NP to (NP 8 7\/16 % )NP )NP (NP six months )NP )NP )NP . )NP  STOP
(NP (NP (NP LONDON INTERBANK OFFERED RATES )NP (PRN -LRB- (NP LIBOR )NP -RRB- )PRN )NP : (NP (NP (NP (QP 8 3\/4 )QP % )NP (NP one month )NP )NP ; (NP (NP (QP 8 11\/16 )QP % )NP (NP three months )NP )NP ; (NP (NP (QP 8 9\/16 )QP % )NP (NP six months )NP )NP ; (NP (NP (QP 8 9\/16 )QP % )NP (NP one year )NP )NP )NP . )NP  STOP
(NP (NP (NP The average )NP (PP of (NP interbank offered rates )NP )PP (PP for (NP dollar deposits )NP )PP (PP in (NP the London market )NP )PP )NP (VP based (PP on (NP (NP quotations )NP (PP at (NP five major banks )NP )PP )NP )PP )VP . )NP  STOP
(NP (NP FOREIGN PRIME RATES )NP : (NP (NP (NP Canada )NP (NP 13.50 % )NP )NP ; (NP (NP Germany )NP (NP 8.50 % )NP )NP ; (NP (NP Japan )NP (NP 4.875 % )NP )NP ; (NP (NP Switzerland )NP (NP 8.50 % )NP )NP ; (NP (NP Britain )NP (NP 15 % )NP )NP )NP . )NP  STOP
(S (S (NP These rate indications )NP (VP are n't (ADJP directly comparable )ADJP )VP )S ; (S (NP lending practices )NP (VP vary (ADVP widely )ADVP (PP by (NP location )NP )PP )VP )S . )S  STOP
(NP (NP TREASURY BILLS )NP : (NP (NP (NP Results )NP (PP of (NP (NP the (NAC Monday , October 16 , 1989 , )NAC auction )NP (PP of (NP (NP short-term U.S. government bills )NP , (VP sold (PP at (NP (NP a discount )NP (PP from (NP face value )NP )PP )NP )PP (PP in (NP (NP units )NP (PP of (NP (QP $ 10,000 to $ 1 million )QP )NP )PP )NP )PP )VP )NP )PP )NP )PP )NP : (NP (NP (NP *UNKN % )NP (NP 13 weeks )NP )NP ; (NP (NP *UNKN % )NP (NP 26 weeks )NP )NP )NP )NP . )NP  STOP
(NP (NP (NP FEDERAL HOME LOAN MORTGAGE CORP . )NP (PRN -LRB- (NP Freddie Mac )NP -RRB- )PRN )NP : (NP (NP Posted yields )NP (PP on (NP (NP 30-year mortgage commitments )NP (PP for (NP (NP delivery )NP (PP within (NP 30 days )NP )PP )NP )PP )NP )PP )NP . )NP  STOP
(NP (NP (NP *UNKN % )NP , (NP standard conventional fixed-rate mortgages )NP )NP ; (NP (NP 7.875 % )NP , (NP (ADJP 2 % )ADJP (ADJP rate capped )ADJP one-year adjustable rate mortgages )NP )NP . )NP  STOP
(NP (NP Source )NP : (NP Telerate Systems Inc )NP . )NP  STOP
(NP (NP (NP FEDERAL NATIONAL MORTGAGE ASSOCIATION )NP (PRN -LRB- (NP Fannie Mae )NP -RRB- )PRN )NP : (NP (NP (NP Posted yields )NP (PP on (NP (NP 30 year mortgage commitments )NP (PP for (NP (NP delivery )NP (PP within (NP 30 days )NP )PP )NP )PP (PRN -LRB- (VP priced (PP at (NP par )NP )PP )VP -RRB- )PRN )NP )PP )NP (NP (NP (NP *UNKN % )NP , (NP standard conventional fixed-rate mortgages )NP )NP ; (NP (NP 8.70 % )NP , (NP 6\/2 (ADJP rate capped )ADJP one-year adjustable rate mortgages )NP )NP )NP )NP . )NP  STOP
(NP (NP Source )NP : (NP Telerate Systems Inc )NP . )NP  STOP
(NP (NP MERRILL LYNCH READY ASSETS TRUST )NP : (NP 8.50 % )NP . )NP  STOP
(NP (NP (NP Annualized average rate )NP (PP of (NP return )NP )PP (PP after (NP expenses )NP )PP (PP for (NP the past 30 days )NP )PP )NP ; (NP (NP not a forecast )NP (PP of (NP future returns )NP )PP )NP . )NP  STOP
(S (NP China )NP (VP said (SBAR (S (NP (NP the question )NP (PP of (NP (NP (NP Taiwan 's )NP membership )NP (PP in (NP (NP the General *UNKC )NP (PP on (NP *UNKC and Trade )NP )PP )NP )PP )NP )PP )NP (VP should (VP be (VP considered (SBAR only after (S (NP (NP (NP China 's )NP own membership )NP (PP in (NP the *UNK- organization )NP )PP )NP (VP is (VP restored )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Both China and Taiwan )NP (VP are (VP seeking (NP (NP seats )NP (PP in (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP (VP sponsors (NP *UNKING agreements )NP )VP and (VP sets (NP *UNK- rules )NP )VP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S `` (S (PP As (NP (NP one )NP (PP of (NP (NP China 's )NP *UNK )NP )PP )NP )PP , (NP Taiwan )NP (VP has (NP no right (S (VP to (VP join (NP *UNKC )NP (PP on (NP its own )NP )PP )VP )VP )S )NP )VP )S , '' (NP Foreign Ministry spokesman *UNK *UNKING )NP (VP said )VP . )S  STOP
(S (NP China )NP , (PP under (NP (NP the *UNKC government )NP (PP of (NP *UNKC *UNKC )NP )PP )NP )PP , (VP was (NP (NP a founding member )NP (PP of (NP *UNKC )NP )PP )NP (PP in (NP *UNKN )NP )PP )VP . )S  STOP
(S (S (NP The *UNKC )NP (VP withdrew (PP in (NP *UNKN )NP )PP , (PP after (NP (NP their flight )NP (PP to (NP Taiwan )NP )PP )NP )PP )VP )S , and (S (NP (NP the Communist government )NP (PP in (NP Beijing )NP )PP )NP (VP applied (PP for (NP (NP restoration )NP (PP of (NP (NP China 's )NP membership )NP )PP )NP )PP (PP in (NP July 1986 )NP )PP )VP )S . )S  STOP
(S (NP The U.S. )NP (VP has (VP *UNKED (NP (NP opposition )NP (PP to (NP (NP (NP China 's )NP bid )NP (PP for (NP GATT membership )NP )PP )NP )PP )NP , (S (VP saying (SBAR (S (NP China )NP (VP has (ADVP yet )ADVP (S (VP to (VP *UNK (NP needed economic reforms )NP )VP )VP )S )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(S (NP (NP (NP Japan 's )NP biggest (NP women 's )NP *UNK maker )NP , (NP *UNKC Corp. )NP , )NP (VP said (SBAR that (S (NP it )NP (VP developed (NP (NP a sports car )NP (SBAR (WHNP that )WHNP (S (NP it )NP (VP plans (S (VP to (VP market (PP in (NP two years )NP )PP )VP )VP )S )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The `` *UNKC *UNKC '' )NP (VP can (VP run (PP at (NP (NP (QP over *UNKN )QP miles )NP (NP an hour )NP )NP )PP )VP )VP )S , (NP a company spokesman )NP (VP said )VP . )S  STOP
(S (NP (NP The base price )NP (PP of (NP the car )NP )PP )NP (VP is (VP estimated (PP at (NP (NP (QP 30 million )QP yen )NP (PRN -LRB- (NP (QP about $ *UNKN )QP )NP -RRB- )PRN )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP intends (S (VP to (VP produce (NP the cars )NP (PP through (NP a car manufacturer )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP Along (PP with (NP the car )NP )PP )PP , (NP *UNKC )NP (VP plans (S (VP to (VP launch (NP (NP a series )NP (PP of (NP (NP *UNKC men 's )NP *UNK )NP )PP )NP )VP )VP )S )VP . )S  STOP
(SINV `` (S (NP Our image )NP (VP is (NP (NP a company )NP (SBAR (WHNP that )WHNP (S (VP makes (NP (NP women 's )NP products )NP )VP )S )SBAR )NP )VP )S , '' (VP said )VP (NP a *UNKC spokesman )NP . )SINV  STOP
(S `` (ADVP Now )ADVP , (NP we )NP (VP 're (VP going (S (VP to (VP sell (PP to (NP men )NP )PP )VP )VP )S )VP )VP . '' )S  STOP
(S (NP The British *UNK magazine Private *UNKC )NP (VP won (NP (NP an appeal )NP (PP against (NP (NP the size )NP (PP of (NP (NP a (ADJP $ *UNKN )ADJP libel award )NP (PP to (NP (NP *UNKC *UNKC )NP , (NP (NP the *UNKED wife )NP (PP of (NP the `` *UNKC *UNKC '' mass *UNK )NP )PP )NP )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP An *UNK- panel )NP (VP slashed (NP (QP all but $ 40,000 )QP )NP (PP from (NP (NP the award )NP , (NP (NP the largest )NP (VP (ADVP ever )ADVP set (PP by (NP a British jury )NP )PP )VP )NP , )NP )PP (PP pending (NP (NP a *UNK )NP (PP of (NP the damages )NP )PP )NP )PP )VP . )S  STOP
(S But (NP the panel )NP (VP dismissed (NP (NP the magazine 's )NP *UNK (SBAR that (S (NP it )NP (VP had n't (VP *UNKED (NP Mrs. *UNKC )NP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP accused (NP her )NP (PP of (S (VP trying (S (VP to (VP sell (NP her story )NP )VP )VP )S (S (VP to (VP *UNK (PP on (NP (NP the *UNK )NP (PP of (NP her husband )NP )PP )NP )PP )VP )VP )S )VP )S )PP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Private *UNKC )NP (VP had (VP been (VP threatened (PP with (NP *UNK )NP )PP (SBAR because (S (NP it )NP (VP could n't (VP afford (NP the libel payment )NP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP (NP *UNKC Co. )NP , (NP (NP a travel agent )NP (VP based (PP in (NP (NP *UNKC )NP , (NP Japan )NP , )NP )PP )VP )NP )NP (VP announced (SBAR that (S (NP (NP it )NP and (NP (NP *UNKC *UNKC Corp. )NP , (NP a major Japanese trading house )NP , )NP )NP (VP will (VP (ADVP jointly )ADVP build (NP a *UNK- *UNK )NP (PP in (NP (NP *UNKC )NP , (NP Australia )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP the partners )NP (VP (VP plan (S (VP to (VP rent (PP to (NP tourists )NP )PP )VP )VP )S )VP but (VP will also (VP sell (PP to (NP interested parties )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP *UNKC )NP (VP has (NP (NP a (ADJP 60 % )ADJP stake )NP (PP in (NP the venture )NP )PP )NP )VP )S and (S (NP *UNKC *UNKC )NP (VP has (NP the rest )NP )VP )S . )S  STOP
(S (NP (NP Construction )NP (PP of (NP the *UNK- building )NP )PP )NP (VP (VP will (VP begin (NP next May )NP )VP )VP and (VP should (VP be (VP completed (PP in (NP April 1992 )NP )PP )VP )VP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP will (VP cost (NP (NP (QP from 500,000 to 3.5 million )QP Australian dollars )NP (PRN -LRB- (NP (QP about US$ *UNKN to US$ 2.7 million )QP )NP -RRB- )PRN )NP )VP )VP . )S  STOP
(S (NP The Soviet Union )NP (VP (VP has (VP halted (NP (NP construction )NP (PP of (NP two *UNKC nuclear *UNK )NP )PP )NP )VP )VP and (VP is (VP *UNKING (NP (NP the future )NP (PP of (NP 12 other existing *UNK )NP )PP )NP )VP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP vice chairman )NP (PP of (NP (NP the State Committee )NP (PP on (NP Nuclear Safety )NP )PP )NP )PP )NP , )NP (VP said (SBAR (S (NP the two *UNK )NP (VP were (PP at (NP *UNKC and *UNKC )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP News )NP (PP of (NP the halt )NP )PP )NP (VP comes (PP amid (NP (NP growing anger )NP (PP in (NP (NP the *UNKC )NP and (NP *UNKC )NP )NP )PP (PP over (NP (NP continuing high levels )NP (PP of (NP radiation )NP )PP (PP from (NP *UNKC )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP A former vice president )NP (PP of (NP (NP the Singapore branch )NP (PP of (NP Drexel Burnham Lambert Group Inc. )NP )PP )NP )PP )NP (VP was (VP charged (PP in (NP court )NP )PP (NP yesterday )NP (PP on (NP (NP 19 counts )NP (PP of (NP *UNKING )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Francis *UNKC )NP , (NP 41 )NP , )NP (VP is (VP alleged (S (VP to (VP have (VP been (VP involved (PP in (S (VP cheating (NP Drexel Burnham Lambert )NP (PP of (NP (NP (QP up to 2.1 million )QP Singapore dollars )NP (PRN -LRB- (NP (QP US$ 1.1 million )QP )NP -RRB- )PRN )NP )PP (PP by (S (VP carrying (PRT out )PRT (NP unauthorized transactions )NP (PP on (NP (NP the London Commodities Exchange )NP and (NP the International Petroleum Exchange )NP )NP )PP )VP )S )PP )VP )S )PP )VP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (VP alleged (S (VP to (VP have (VP used (NP (NP the account )NP (PP of (NP Singapore hotel and property *UNK *UNKC *UNKC Seng )NP )PP )NP (S (VP to (VP effect (NP the transactions )NP )VP )VP )S )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP Japan )NP (VP says (SBAR (S (NP its economic growth )NP (VP will (VP fall (ADVP sharply )ADVP (SBAR if (S (NP it )NP (VP cuts (ADVP back )ADVP (PP on (NP (NP the use )NP (PP of (NP oil , coal and gas )NP )PP )NP )PP (S (VP to (VP cap (NP (NP emissions )NP (PP of (NP carbon dioxide )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP A (NAC Ministry (PP of (NP International Trade and Industry )NP )PP )NAC official )NP (VP said (SBAR that (S (NP a study )NP (VP found (SBAR that (S (NP (NP Japan 's )NP annual economic growth rate )NP (VP would (ADVP eventually )ADVP (VP be (NP (QP only *UNKN )QP % )NP (SBAR if (S (NP *UNK- emissions )NP (VP remained (PP at (NP (NP (NP this year 's )NP level )NP (PP of (NP (QP 300 million )QP tons )NP )PP )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP The study )NP (VP will (VP support (NP (NP arguments )NP (PP against (S (VP *UNKING (NP *UNK- emissions )NP )VP )S )PP (SBAR (WHNP that )WHNP (S (NP Japan )NP (VP will (VP make (PP at (NP (NP a *UNKED conference )NP (PP on (NP *UNK pollution )NP )PP )NP )PP (NP next month )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP The study )NP (VP said (SBAR (S (NP (NP Japan 's )NP *UNK- emissions )NP (VP would (VP (ADVP slightly more than )ADVP double (PP by (NP 2010 )NP )PP (SBAR unless (S (NP the nation )NP (VP reduced (NP (NP its *UNK )NP (PP on (NP *UNK fuels )NP )PP )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP said (SBAR that (S (S (VP expanding (NP *UNK- capability )NP )VP )S (VP is (NP (NP the *UNK way )NP (SBAR (S (VP to (VP *UNK (NP that *UNK )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (S But (NP (NP increased *UNK )NP (PP on (NP nuclear power )NP )PP )NP (VP would (VP meet (NP (NP stiff opposition )NP (PP from (NP environmentalists )NP )PP )NP )VP )VP )S , (NP a second ministry official )NP (VP said )VP . )S  STOP
(S (PP Just in (NP (NP time )NP (PP for (NP *UNKC )NP )PP )NP )PP , (NP (NP Britain 's )NP *UNKC University Press )NP (VP is (VP publishing (NP (NP a `` *UNKC )NP (PP of (NP *UNKC )NP )PP )NP )VP )VP . '' )S  STOP
(S (NP (NP The books )NP 1,500 *UNK )NP (VP include (S (VP (VP stepping (PP on (NP *UNK )NP )PP )VP and (VP knocking (PP on (NP wood )NP )PP )VP )VP )S )VP ... . )S  STOP
(S (PP In (NP (NP (NP New Zealand 's )NP tiny *UNK )NP (PP of (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP has (VP had (NP direct *UNKING )NP (PP for (NP (QP less than a )QP year )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP , (NP (QP about 30 )QP angry *UNK- customers )NP (VP questioned (NP (NP the size )NP (PP of (NP their bills )NP )PP )NP )VP . )S  STOP
(S (NP It )NP (VP turned (PRT out )PRT (SBAR (S (NP their children )NP (VP had (VP been (VP *UNKING (NP (NP a `` sex *UNK '' service )NP (PP in (NP the U.S. )NP )PP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKING sales )NP (PP of (NP its profitable *UNKC *UNKC and *UNKC sport utility vehicles )NP )PP )NP (VP are (VP forcing (S (NP Chrysler Corp. )NP (VP to (ADVP temporarily )ADVP (VP idle (NP its (NAC Toledo , Ohio , )NAC assembly plant )NP (PP for (NP (NP the first time )NP (PP since (NP April 1986 )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (S (S (NP (QP About *UNKN )QP *UNKLY workers )NP (VP will (VP be (VP laid (PRT off )PRT (PP for (NP a week )NP )PP (PP beginning (NP Oct. 23 )NP )PP )VP )VP )VP )S , and (S (NP overtime )NP (VP has (VP been (VP eliminated (PP at (NP the plant )NP )PP (PP for (NP the fourth quarter )NP )PP )VP )VP )VP )S )S , (NP a Chrysler spokesman )NP (VP said )VP . )S  STOP
(S (NP That )NP (VP 's (NP (NP a significant change )NP (PP from (NP (NP earlier this year )NP (SBAR (WHADVP when )WHADVP (S (NP the plant )NP (VP worked (NP substantial overtime )NP (S (ADVP only )ADVP (VP to (VP have (S (NP sales )NP (VP fall (ADVP short (PP of (NP (NP the company 's )NP bullish expectations )NP )PP )ADVP )VP )S )VP )VP )S )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP (NP Sales )NP (PP of (NP (NP (NP *UNKC )NP , (NP the *UNKING *UNKC )NP , )NP and (NP the *UNK- *UNKC )NP )NP )PP )NP (VP were (ADVP actually )ADVP (ADVP up (NP (QP about 10 )QP % )NP )ADVP (PP through (NP (NP the end )NP (PP of (NP last month )NP )PP )NP )PP )VP . )S  STOP
(S But (NP that )NP (VP 's (ADJP (ADJP less )ADJP (SBAR than (S (NP Chrysler officials )NP (VP had (VP hoped (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP set (NP (NP ambitious production schedules )NP (PP for (NP the Toledo plant )NP )PP )NP (NP earlier this year )NP )VP )S )SBAR )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (S (SBAR (ADVP Even )ADVP (WHADVP when )WHADVP (S (NP (NP it )NP )NP (VP became (ADJP clear )ADJP (NP this spring )NP (SBAR that (S (NP demand )NP (VP was n't (VP coming (PP up (PP to (NP expectations )NP )PP )PP )VP )VP )S )SBAR )VP )S )SBAR , (NP Chrysler officials )NP (VP `` resisted '' (S (VP cutting (NP output )NP )VP )S (SBAR because (S (NP *UNKC and *UNKC )NP (VP are `` (NP (ADJP very profitable )ADJP vehicles )NP )VP )S )SBAR )VP )S , '' (NP the spokesman )NP (VP said )VP . )S  STOP
(S (ADVP Instead )ADVP , (NP Chrysler officials )NP (PP in (NP late May )NP )PP (VP *UNKED (NP (NP (ADJP $ 1,000 )ADJP cash rebates )NP )NP (PP on (NP the vehicles )NP )PP , (PP including (NP (NP the first such incentives )NP (PP on (NP the popular *UNK- *UNKC )NP )PP (SBAR since (S (NP Chrysler )NP (VP bought (NP Jeep )NP (PP in (NP 1987 )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (S (NP The incentives )NP (VP boosted (NP sales )NP (PP for (NP a while )NP )PP )VP )S , but (S (NP the pace )NP (VP had (VP *UNKED (PP by (NP last month )NP )PP )VP )VP )S . )S  STOP
(NP (NP The result )NP : (S (NP Chrysler dealers )NP (VP (VP had (NP (NP a *UNKED *UNK- supply )NP (PP of (NP the *UNKC )NP )PP )NP (PP as (PP of (NP (NP the end )NP (PP of (NP last month )NP )PP )NP )PP )PP )VP and (VP (NP (NP a *UNK- supply )NP (PP of (NP (NP the *UNKC pickup )NP , (SBAR (WHNP which )WHNP (S (NP Toledo )NP (ADVP also )ADVP (VP builds )VP )S )SBAR )NP )PP )NP )VP )VP )S . )NP  STOP
(S (NP A (ADJP *UNK- to *UNK- )ADJP supply )NP (VP is (VP considered (S (ADJP normal )ADJP )S )VP )VP . )S  STOP
(S (PP At (NP (NP *UNKC *UNKC )NP , (NP (NP one )NP (PP of (NP (NP the largest Jeep dealerships )NP (PP in (NP the country )NP )PP )NP )PP )NP , )NP )PP (NP inventories )NP (VP have (VP continued (S (VP to (VP *UNK )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Steve *UNKC )NP , (NP (NP general manager )NP (PP of (NP (NAC *UNKC , Ga. , )NAC dealership )NP )PP )NP , )NP (VP said (SBAR (S (NP (NP new rebates )NP (PP of (NP (QP $ 500 to $ 1,000 )QP )NP )PP (PP on (NP the models )NP )PP )NP (VP have (VP (VP *UNKED (NP sales )NP )VP , but (VP (ADVP not enough (S (VP to (ADVP significantly )ADVP (VP cut (NP dealer stocks )NP )VP )VP )S )ADVP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (SBAR If (S (NP people )NP (VP are n't (VP buying )VP )VP )S )SBAR , (NP you )NP (VP have (S (VP to (VP close (NP plants )NP )VP )VP )S )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP Chrysler )NP (VP said (SBAR (S (NP it )NP (VP will (VP idle (PP for (NP four weeks )NP )PP (NP (NP the St. Louis assembly plant )NP (SBAR (WHNP that )WHNP (S (VP builds (NP the Chrysler *UNKC and Dodge *UNKC models )NP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Chrysler officials )NP (VP said (SBAR (S (S (NP the plant )NP (VP is (VP scheduled (S (VP to (VP resume (NP production )NP (PP on (NP Nov. *UNK )NP )PP )VP )VP )S )VP )VP )S , and (S (NP *UNKN *UNKLY workers )NP (VP will (VP be (VP affected )VP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (NP General Motors Corp. )NP , (ADVP meanwhile )ADVP , (VP said (SBAR (S (NP it )NP (VP will (VP idle (PP for (NP (ADJP yet another )ADJP week )NP )PP (NP its (NAC *UNKC , N.J. , )NAC assembly plant )NP , (S (VP bringing (PP to (NP three weeks )NP )PP (NP (NP the total time )NP (SBAR (S (NP that plant )NP (VP will (VP be (VP *UNKED (PP during (NP October )NP )PP )VP )VP )VP )S )SBAR )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP GM )NP (VP said (SBAR (S (NP (NP the assembly plant )NP , (SBAR (WHNP which )WHNP (S (VP builds (NP the Chevrolet *UNKC and *UNKC compact cars )NP )VP )S )SBAR , )NP (VP (VP (ADVP originally )ADVP was (VP scheduled (S (VP to (VP reopen (NP Monday )NP )VP )VP )S )VP )VP but (VP (ADVP now )ADVP will not (VP resume (NP production )NP (PP until (NP Oct. 30 )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNK )NP (VP (VP *UNK (NP 3,000 workers )NP )VP and (VP will (VP cut (NP output )NP (PP by (NP (QP about *UNKN )QP cars )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP *UNKC sales )NP (PP of (NP the *UNKC and *UNKC )NP )PP )NP (VP spurred (S (NP GM )NP (VP to (VP offer (NP (NP (ADJP $ 800 )ADJP rebates )NP (PP on (NP those cars )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (S (NP The *UNKC and *UNKC )NP (VP make (PRT up )PRT (NP (NP the *UNK- car line )NP (PP at (NP Chevrolet )NP )PP )NP )VP )S , but (S (NP (NP sales )NP (PP of (NP the cars )NP )PP )NP (VP (VP are (ADVP off (NP 9.6 % )NP )ADVP (PP for (NP the year )NP )PP )VP , and (VP fell (NP a steep *UNKN % )NP (NP early this month )NP )VP )VP )S . )S  STOP
(S (NP GM )NP (VP has (VP scheduled (NP overtime )NP (PP at (NP (NP its (NAC *UNKC , Ohio , )NAC and (NAC *UNKC , Wis. , )NAC assembly plants )NP , (SBAR (WHNP which )WHNP (S (VP build (NP the Chevrolet *UNKC )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP Ford Motor Co. )NP (VP said (SBAR (S (NP it )NP (VP will (VP shut (PRT down )PRT (PP for (NP one week )NP )PP (NP its Kentucky *UNKC Plant )NP (PP because of (NP (NP a `` shortage )NP (PP of (NP dealer orders )NP )PP )NP )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP The *UNK )NP (VP will (VP (VP idle (NP 2,000 *UNKLY employees )NP )VP and (VP eliminate (NP (NP production )NP (PP of (NP (QP about *UNKN )QP medium and heavy duty trucks )NP )PP )NP )VP )VP )VP . )S  STOP
(S (NP The assembly plant )NP (VP is (VP scheduled (S (VP to (VP resume (NP production )NP (PP on (NP Oct. 30 )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP the nine major U.S. auto makers )NP (VP plan (S (VP to (VP build (NP (NP *UNKN cars )NP )NP (NP this week )NP , (UCP (ADVP down (NP *UNKN % )NP (PP from (NP *UNKN )NP (ADVP (NP a year )NP ago )ADVP )PP )ADVP and (ADJP flat (PP with (NP (NP last week 's )NP *UNKN car output )NP )PP )ADJP )UCP )VP )VP )S )VP . )S  STOP
(X (NP *UNK )NP - (FRAG (VP Includes (NP (NP Chevrolet *UNKC )NP and (NP Toyota *UNKC )NP )NP )VP )FRAG . )X  STOP
(X (NP *UNK )NP - (VP *UNKED )VP . )X  STOP
(X (NP *UNK )NP - (S (NP *UNKC 1988 figure )NP (VP includes (NP (NP *UNKC *UNK- )NP (PP through (NP July )NP )PP )NP )VP )S . )X  STOP
(S (NP (NP *UNKC *UNKC Corp. 's )NP net income )NP (VP rose (NP 61 % )NP (PP in (NP the third quarter )NP )PP (PP from (NP the year-earlier period )NP )PP )VP . )S  STOP
(S (NP (NP Yesterday 's )NP edition )NP (VP *UNKED (NP the percentage increase )NP )VP . )S  STOP
(S (NP (NP First Fidelity *UNKC )NP , (NP (NP *UNKC )NP , (NP N.J. )NP , )NP )NP (VP reported (NP (NP a (ADJP 24 % )ADJP drop )NP (PP in (NP third-quarter profit )NP )PP )NP , (PP because of (NP (NP (NP a decline )NP (PP in (NP earning assets )NP )PP )NP , (NP lower loan volume )NP and (NP tighter interest margins )NP )NP )PP )VP . )S  STOP
(S (NP The bank holding company )NP (VP posted (NP (NP net income )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 87 cents )NP (NP a share )NP )NP )NP )PP , (PP including (NP (NP (NP (QP $ 1.7 million )QP )NP , or (NP (NP three cents )NP (NP a share )NP )NP , )NP (PP in (NP one-time tax benefits )NP )PP )NP )PP )NP )VP . )S  STOP
(S (ADVP (NP A year )NP earlier )ADVP , (NP net )NP (VP was (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ 1.22 )NP (NP a share )NP )NP )NP )VP . )S  STOP
(S (NP First Fidelity )NP (VP said (SBAR (S (NP *UNKING assets )NP (VP increased (PP to (NP (QP $ *UNKN million )QP )NP )PP (NP Sept. 30 )NP (PP from (NP (QP $ *UNKN million )QP )NP (NP June 30 )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The rise )NP (VP resulted (PP from (NP (NP the transfer )NP (PP to (NP *UNK- status )NP )PP (PP of (NP (NP (QP $ 96 million )QP )NP `` (VP owed (PP by (NP (NP two national borrowers )NP and (NP one local commercial real-estate customer )NP )NP )PP )VP )NP )PP )NP )PP )VP )S , '' (NP First Fidelity )NP (VP said )VP . )S  STOP
(S (NP It )NP (VP said (SBAR (S (NP it )NP (VP does n't (VP anticipate (NP (NP any loss )NP (PP of (NP principal )NP )PP (PP on (NP (NP two )NP (PP of (NP the loans )NP )PP , (VP *UNKING (NP (NP (QP $ 85 million )QP )NP (PP of (NP these credits )NP )PP )NP )VP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP First Fidelity )NP (VP said (SBAR (S (NP it )NP (VP boosted (NP its loan-loss provision )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP (ADVP (NP a year )NP ago )ADVP )PP , (PP primarily because of (NP (NP a weaker real-estate sector )NP (PP in (NP the region )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC Inc. 's )NP loss )NP (VP narrowed (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP in (NP the third quarter )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP (ADVP (NP a year )NP ago )ADVP )PP )VP . )S  STOP
(S (NP (NP Thursday 's )NP edition )NP (VP misstated (NP the narrowing )NP )VP . )S  STOP
(S (NP *UNKC Corp. )NP (VP said (SBAR (S (NP it )NP (VP signed (NP (NP a definitive agreement )NP (PP with (NP *UNKC )NP )PP (S (VP to (VP *UNK (NP a *UNK- oil refinery )NP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP would n't (VP disclose (NP the terms )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP a Houston oil and gas company )NP , )NP (VP said (SBAR (S (NP it )NP (VP expects (S (VP to (VP begin (NP operations )NP (PP in (NP October 1990 )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP it )NP (VP may (VP install (NP additional processing units )NP (PP at (NP the refinery )NP )PP (S (VP to (VP produce (NP (NP higher *UNK *UNK )NP and (NP other products )NP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP it )NP (VP was (VP leasing (NP (NP the site )NP (PP of (NP the refinery )NP )PP )NP (PP from (NP *UNKC )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Exxon Corp. )NP (VP (VP built (NP the plant )NP )VP but (VP closed (NP it )NP (PP in (NP 1985 )NP )PP )VP and (VP sold (PRT off )PRT (NP (NP much )NP (PP of (NP the equipment )NP )PP )NP (PP to (NP (NP *UNKING contractors )NP , (SBAR (WHPP from (WHNP whom )WHNP )WHPP (S (NP *UNKC )NP (VP bought (ADVP back )ADVP (NP (NP much )NP (PP of (NP the equipment )NP )PP )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP A *UNKC spokesman )NP (VP (VP said (SBAR (S (NP the biggest expense )NP (VP will (VP be (S (VP to (VP *UNK (NP the refinery )NP )VP )VP )S )VP )VP )S )SBAR )VP but (VP would n't (VP say (SBAR (WHNP how much )WHNP (S (NP that )NP (VP would (VP be )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP (NP The prime minister )NP (PP of (NP *UNKC )NP )PP )NP (VP has (VP said (SBAR (S (NP it )NP (VP could (VP cost (NP (QP around $ 100 million )QP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Coastal )NP (VP said (SBAR (S (NP (NP the refinery 's )NP expected daily production )NP (VP will (VP include (NP (NP (NP *UNKN barrels )NP (PP of (NP jet fuel )NP )PP )NP , (NP (NP *UNKN barrels )NP (PP of (NP *UNK- *UNK fuel )NP )PP )NP , (NP (NP 30,000 barrels )NP (PP of (NP *UNK )NP )PP )NP , (NP (NP *UNKN barrels )NP (PP of (NP *UNK fuel oil )NP )PP )NP , (NP (NP 8,000 barrels )NP (PP of (NP *UNK )NP )PP )NP and (NP (NP 25,000 barrels )NP (PP of (NP *UNK- *UNK *UNK *UNK )NP )PP )NP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Loral Corp. )NP (VP said (SBAR (S (NP fiscal second-quarter net income )NP (VP was (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 79 cents )NP (NP a share )NP )NP )NP , (PP compared (PP with (NP (NP year-earlier earnings )NP (PP from (NP continuing operations )NP )PP (PP of (NP (NP (QP $ 15.6 million )QP )NP , or (NP (NP 62 cents )NP (NP a share )NP )NP )NP )PP )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC net )NP (PP of (NP (NP (QP $ 21 million )QP )NP , or (NP (NP 84 cents )NP (NP a share )NP )NP , )NP )PP )NP (VP included (NP (NP the results )NP (PP of (NP (NP (NP Loral 's )NP former *UNKC *UNKING Systems and *UNKED *UNKC divisions )NP , (SBAR (WHNP which )WHNP (S (VP were (VP sold (NP April 27 )NP (PP to (NP (NP (NP the company 's )NP chairman )NP , (NP Bernard L. Schwartz )NP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP The defense electronics concern )NP (VP attributed (NP the operating improvement )NP (PP to (NP (NP higher profit margins )NP and (NP lower net interest expense )NP )NP )PP )VP . )S  STOP
(S (NP Loral )NP (ADVP also )ADVP (VP reported (SBAR that (S (NP its *UNK )NP (VP (ADVP more than )ADVP doubled (PP to (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP (NP the quarter )NP , (VP ended (NP Sept. 30 )NP )VP )NP )PP )NP )PP , (PP from (NP (NP (QP $ *UNKN million )QP )NP , (PP in (NP the *UNK- period )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The increase )NP (VP was (ADJP due mainly (PP to (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP order )NP (PP from (NP Turkey )NP )PP (SBAR (S (VP to (VP *UNK (NP (NP its fleet )NP (PP of (NP *UNKC *UNK )NP )PP )NP (PP with (NP (NP Loral 's )NP *UNKC *UNKC III electronic *UNK system )NP )PP )VP )VP )S )SBAR )NP )PP )ADJP )VP . )S  STOP
(S (NP The order )NP (VP is (NP (NP the biggest )NP (PP in (NP (NP the company 's )NP history )NP )PP )NP )VP . )S  STOP
(S (NP (NP Sales )NP (PP in (NP the latest period )NP )PP )NP (VP edged (ADVP up )ADVP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP Mr. Schwartz )NP (VP said (SBAR (S (NP (NP the recent increase )NP (PP in (NP orders )NP )PP )NP `` (VP puts (NP us )NP (PP well on (NP (NP the way )NP (PP to (NP (NP our goal )NP (PP of (NP (NP (QP $ 1.6 billion )QP )NP (PP in (NP (NP *UNK )NP (PP for (NP the year )NP )PP )NP )PP )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP added : `` (S (NP I )NP (VP expect (S (VP to (VP see (S (NP (NP the earnings momentum )NP (SBAR (S (NP we )NP (VP experienced (NP this quarter )NP )VP )S )SBAR )NP (VP continue (PP for (NP (NP the rest )NP (PP of (NP the year )NP )PP )NP )PP )VP )S )VP )VP )S )VP )S )VP . '' )S  STOP
(S (NP Loral )NP (VP said (SBAR (S (NP it )NP (VP expects (S (NP sales )NP (VP to (VP accelerate (PP in (NP (NP both the third and fourth quarters )NP (PP of (NP this fiscal year )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP Loral 's )NP profit )NP (PP from (NP continuing operations )NP )PP (PP for (NP (NP the first six months )NP (PP of (NP fiscal 1990 )NP )PP )NP )PP )NP (VP was (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (ADVP up (NP 31 % )NP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ 1.11 )NP (NP a share )NP )NP , )NP (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )VP . )S  STOP
(S (NP Net income )NP (VP fell (NP *UNKN % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )VP . )S  STOP
(S (NP *UNKC first-half sales )NP (VP slipped (NP 3.9 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP for (NP the first half )NP )PP )NP (VP totaled (NP (QP $ *UNKN million )QP )NP , (PP compared (PP with (NP (NP the (QP $ *UNKN million )QP )NP (VP recorded (NP last year )NP )VP )NP )PP )PP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP , (NP Loral )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP down (NP 37.5 cents )NP )ADVP )VP . )S  STOP
(S (NP HealthVest )NP (VP said (SBAR (S (NP (NP two )NP (PP of (NP its lenders )NP )PP )NP (VP (VP have (VP given (NP it )NP (NP (NP *UNK )NP (PP of (NP (NP default )NP (PP on (NP bank loans )NP )PP )NP )PP )NP )VP )VP and (VP said (SBAR (S (NP they )NP (VP may (VP take (NP (NP actions )NP (SBAR (S (VP to (VP recover (NP their loans )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP HealthVest )NP , (NP an (NAC Austin , Texas , )NAC real estate investment trust )NP , )NP (VP said (SBAR that (S (NP (NP Chemical Bank )NP , (NP (NP the lead bank )NP (PP under (NP its domestic bank agreement )NP )PP )NP , )NP (VP told (NP it )NP (SBAR that (S (SBAR if (S (NP (NP (QP $ 3.3 million )QP )NP (VP owed (PP to (NP the bank group )NP )PP )VP )NP (VP is n't (VP paid (PP by (NP today )NP )PP )VP )VP )S )SBAR , (NP the group )NP (VP will (VP call (NP (NP the (QP $ 120 million )QP )NP (SBAR (WHNP that )WHNP (S (NP HealthVest )NP (VP has (S (ADJP outstanding )ADJP )S (PP under (NP the credit line )NP )PP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP The bank group )NP (ADVP also )ADVP (VP said (SBAR that (S (NP it )NP (VP wo n't (VP make (NP additional advances )NP (PP under (NP the (ADJP (QP $ 150 million )QP )ADJP credit line )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP HealthVest )NP (VP missed (NP (NP a payment )NP (PP to (NP the group )NP )PP (SBAR (WHNP that )WHNP (S (VP was (ADJP due (PP in (NP late September )NP )PP )ADJP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP HealthVest )NP (VP said (SBAR (S (NP (NP Bank )NP (PP of (NP Tokyo Trust Co. )NP )PP )NP (ADVP also )ADVP (VP has (VP (VP notified (NP it )NP (PP of (NP a default )NP )PP )VP and (VP said (SBAR (S (NP it )NP (VP might (VP take (NP action )NP (S (VP to (VP cure (NP the default )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP HealthVest )NP (VP missed (NP (NP an interest payment )NP (PP to (NP (NP Bank )NP (PP of (NP Tokyo )NP )PP )NP )PP )NP (PP on (NP Oct. 1 )NP )PP )VP . )S  STOP
(S (ADVP However )ADVP , (NP HealthVest )NP (VP said (SBAR (S (NP the Tokyo bank )NP (VP indicated (SBAR that (S (NP it )NP (VP wo n't (VP accelerate (NP (NP HealthVest 's )NP (ADJP (QP $ 50 million )QP )ADJP loan )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP HealthVest )NP (VP is (PP in (NP a severe liquidity *UNK )NP )PP (SBAR because (S (NP (NP its affiliate )NP , (NP Healthcare International Inc. )NP , )NP (VP has (VP failed (S (VP to (VP make (NP (NP (QP about $ 10.6 million )QP )NP (PP in (NP principal and interest payments )NP )PP (VP owed (PP since (NP August )NP )PP )VP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Healthcare )NP (VP operates (NP (NP many )NP (PP of (NP (NP the health-care properties )NP (SBAR (WHNP that )WHNP (S (NP HealthVest )NP (VP owns )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (VP (ADVP later )ADVP called (S (NP *UNKC )NP )S )VP , )NP (VP developed (NP the plastic *UNK )NP (PP in (NP 1973 )NP )PP )VP . )S  STOP
(S (NP (NP Yesterday 's )NP *UNKC Journal )NP (VP misstated (NP (NP the company 's )NP name )NP )VP . )S  STOP
(S (NP *UNKC Technology Corp. )NP (VP had (NP (NP (NP net income )NP (PP of (NP (NP (QP $ 8.3 million )QP )NP , or (NP (NP 32 cents )NP (NP a share )NP )NP , )NP )PP )NP )NP (PP for (NP (NP its *UNK- quarter )NP (VP ended (NP Sept. 29 )NP )VP )NP )PP , (NP (NP (NP (QP almost 15 times )QP the $ *UNKN )NP , or (NP (NP two cents )NP (NP a share )NP )NP , )NP (SBAR (S (NP it )NP (VP posted (PP for (NP the year-ago period )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP (NP Louisville )NP , (NP Colo. )NP , )NP (SBAR (WHNP which )WHNP (S (VP makes (NP (NP *UNK- devices )NP (PP for (NP mainframe computers )NP )PP )NP )VP )S )SBAR , )NP (VP said (SBAR (S (NP (NP the huge increase )NP (PP in (NP net )NP )PP )NP (VP reflects (NP `` (NP strong sales )NP '' (PP of (NP (NP its tape products )NP , (ADVP particularly )ADVP (NP (NP the *UNKN *UNKED *UNKC System )NP , (SBAR (WHNP which )WHNP (S (VP holds (NP (NP a library )NP (PP of (NP tape *UNK )NP )PP )NP )VP )S )SBAR )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP it )NP (ADVP recently )ADVP (VP sold (NP (NP its *UNK *UNK system )NP , (SBAR (WHNP which )WHNP (S (VP cost (NP (NP (QP $ 400,000 to $ 500,000 )QP )NP (ADVP each )ADVP )NP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC revenue )NP (VP was (NP (QP $ *UNKN million )QP )NP , (ADVP up (NP 12 % )NP (PP from (NP (QP $ *UNKN million )QP )NP (NP last year )NP )PP )ADVP )VP . )S  STOP
(S (NP The stock market )NP (VP reacted (ADVP strongly )ADVP (PP to (NP the news )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP rose (NP (NP $ 1.125 )NP (NP a share )NP )NP , (S (VP to (VP close (PP at (NP $ 14 )NP )PP )VP )VP )S , (PP in (NP New York Stock Exchange composite trading )NP )PP )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP Storage )NP (VP had (NP (NP net )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 98 cents )NP (NP a share )NP )NP , )NP )PP )NP (PP including (NP (NP an (ADJP (QP $ *UNKN million )QP )ADJP extraordinary gain )NP (PP for (NP (NP the anticipated proceeds )NP (PP from (S (VP *UNKING (NP an Irish unit )NP )VP )S )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Net )NP (VP was (ADVP up (NP 69 % )NP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 57 cents )NP (NP a share )NP )NP , )NP (NP last year )NP )PP )ADVP )VP . )S  STOP
(S (NP (NP Revenue )NP (PP for (NP the latest period )NP )PP )NP (VP was (ADVP up (NP 11 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP , (PP from (NP (QP $ *UNKN million )QP )NP )PP )ADVP )VP . )S  STOP
(S (NP A Canadian government agency )NP (VP (ADVP *UNKLY )ADVP approved (NP (NP proposed exports )NP (PP to (NP the U.S. )NP )PP (PP of (NP natural gas )NP )PP (PP from (NP (NP big , *UNKED fields )NP (PP in (NP (NP the Mackenzie River delta area )NP (PP of (NP the western Canadian *UNKC )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Three companies )NP , (NP (NP *UNKC Resources Canada Ltd. )NP , (NP Shell Canada Ltd. )NP and (NP Gulf Canada Resources Ltd. )NP )NP , )NP (VP applied (PP to (NP the Canadian National Energy Board )NP )PP (S (VP to (VP export (NP (NP (QP 9.2 trillion )QP cubic feet )NP (PP of (NP Mackenzie delta natural gas )NP )PP )NP (PP over (NP 20 years )NP )PP (S (VP starting (PP in (NP 1996 )NP )PP )VP )S )VP )VP )S )VP . )S  STOP
(S (S (VP To (VP be (ADJP economically *UNK )ADJP )VP )VP )S , (NP the (ADJP (ADJP (QP 11 billion )QP Canadian dollar )ADJP (PRN -LRB- (ADJP (QP US$ *UNKN billion )QP )ADJP -RRB- )PRN )ADJP project )NP (VP requires (NP (NP almost a doubling )NP (PP of (NP natural gas export prices )NP )PP )NP )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP faces (NP (NP numerous other hurdles )NP (PP including (NP (NP an agreement )NP (PP on (NP (NP a pipeline route )NP (PP for (NP the gas )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The board )NP (VP said (SBAR (S (NP the export licenses )NP (VP would (VP be (VP issued (PP on (NP the condition (SBAR that (S (NP Canadian interests )NP (VP would (ADVP also )ADVP (VP be (VP allowed (S (VP to (VP bid (PP for (NP the Mackenzie delta gas )NP )PP (PP on (NP (NP terms )NP (ADJP similar (PP to (NP (NP those )NP (VP offered (PP to (NP U.S. customers )NP )PP )VP )NP )PP )ADJP )NP )PP )VP )VP )S )VP )VP )VP )S )SBAR )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP U.S. buyers )NP (VP have (ADVP already )ADVP (VP been (VP lined (PRT up )PRT )VP )VP )VP . )S  STOP
(S (NP They )NP (VP include (NP (NP *UNKC Corp. )NP , (NP Texas Eastern Corp. )NP , (NP Pacific Interstate *UNKC Co. )NP and (NP Tennessee Gas *UNKC Co )NP )NP )VP . )S  STOP
(S (NP The project )NP (VP could (VP result (PP in (S (NP the U.S. )NP (VP taking (NP (NP (QP more than 10 )QP % )NP (PP of (NP its natural gas supplies )NP )PP )NP (PP from (NP Canada )NP )PP , (ADVP up (PP from (NP (QP about 5 )QP % )NP (ADVP currently )ADVP )PP )ADVP )VP )S )PP )VP )VP . )S  STOP
(S (NP It )NP (VP would (VP bring (NP 13 gas fields )NP (PP into (NP production )NP )PP (PP at (NP (NP a combined rate )NP (PP of (NP (NP (QP about 1.2 billion )QP cubic feet )NP (NP a day )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The board )NP (VP estimated (SBAR that (S (NP (NP the cost )NP (PP of (S (VP building (NP (NP a pipeline )NP (PP from (NP the Mackenzie delta )NP )PP (PP to (NP Alberta )NP )PP )NP )VP )S )PP )NP (VP would (VP be (NP (QP about C$ 5.9 million )QP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP said (SBAR (S (NP (NP (NP projections )NP (PP of (NP (NP *UNKING U.S. demand )NP (PP for (NP natural gas )NP )PP )NP )PP )NP and (NP (NP price forecasts )NP (PP of (NP (NP C$ *UNKN )NP (PP per (NP thousand cubic feet )NP )PP (PP by (NP *UNKN )NP )PP )NP )PP )NP )NP (VP would (VP make (S (NP the project )NP (ADJP economically viable )ADJP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP (NP a unit )NP (PP of (NP (NP Imperial Oil Ltd. )NP (SBAR (WHNP which )WHNP (S (VP is (ADJP *UNKED (PP by (NP Exxon Corp. )NP )PP )ADJP )VP )S )SBAR )NP )PP )NP , )NP (VP will (VP be (VP allowed (S (VP to (VP export (NP (QP 5.1 trillion )QP cubic feet )NP (PP to (NP the U.S. )NP )PP (PP in (NP the 20-year period )NP )PP )VP )VP )S )VP )VP )VP . )S  STOP
(S (S (NP (NP Shell )NP , (NP (NP a subsidiary )NP (PP of (NP Royal *UNKC Group )NP )PP )NP , )NP (VP will (VP be (VP allowed (S (VP to (VP export (NP (QP 0.9 trillion )QP cubic feet )NP )VP )VP )S )VP )VP )VP )S , and (S (NP (NP Gulf )NP , (NP (NP a unit )NP (PP of (NP Olympia & York *UNKC Ltd. )NP )PP )NP )NP (VP will (VP be (VP allowed (S (VP to (VP export (NP (QP 3.2 trillion )QP cubic feet )NP )VP )VP )S )VP )VP )VP )S . )S  STOP
(S (NP (NP *UNKC Engineering Inc. )NP , (NP (NP Stamford )NP , (NP Conn. )NP )NP , )NP (VP said (SBAR (S (NP it )NP (VP (VP sold )VP and (VP agreed (S (VP to (VP sell )VP )VP )S )VP (NP several (NX (NX investments )NX and (NX *UNK businesses )NX )NX )NP (PP for (NP (NP (QP about $ 100 million )QP )NP , (SBAR (WHNP which )WHNP (S (VP will (VP be (VP used (PP for (NP (S (VP reducing (NP debt )NP )VP )S and (NP general purposes )NP )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The transactions )NP (VP are (ADJP unrelated )ADJP )VP . )S  STOP
(S (NP The company )NP (VP agreed (S (VP to (VP sell (NP (NP its minority investments )NP (PP in (NP (NP (NP makers )NP (PP of (NP (ADJP *UNKING and related )ADJP equipment )NP )PP )NP , (NP (NP Stein *UNKC )NP and (NP *UNKC & *UNKC )NP )NP , )NP )PP )NP (PP to (NP (NP (NP the major shareholder )NP (PP in (NP the companies )NP )PP )NP , (NP *UNKED *UNKC *UNKC *UNKC )NP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC Engineering )NP , (SBAR (WHNP which )WHNP (S (VP provides (NP (NP (NP engineered products )NP , (NP systems )NP and (NP services )NP )NP (PP for (NP power generation )NP )PP )NP )VP )S )SBAR , )NP (ADVP also )ADVP (VP sold (NP (NP Illinois Minerals Co. )NP , (VP based (PP in (NP (NP Cairo )NP , (NP Ill )NP )NP )PP )VP )NP )VP . )S  STOP
(S (NP (NP That unit )NP (PP of (NP its Georgia *UNKC Co. subsidiary )NP )PP )NP (VP was (VP sold (PP to (NP (NP a unit )NP (PP of (NP *UNKC Corp )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP Assets )NP (PP of (NP (NP Construction Equipment International )NP , (NP Houston )NP , )NP )PP )NP (VP were (VP sold (PP to (NP *UNKC Crane Inc. )NP )PP )VP )VP )S , and (S (NP (NP the assets )NP (PP of (NP (NP *UNKC Electronics )NP , (NP (NP *UNKC )NP , (NP Pa. )NP )NP , )NP )PP )NP (VP were (VP sold (PP to (NP (ADJP closely held )ADJP *UNKC Technologies Inc )NP )PP )VP )VP )S . )S  STOP
(SBARQ (WHADVP Where )WHADVP (SQ do (NP Americans )NP (VP put (NP their money )NP )VP )SQ ? )SBARQ  STOP
(S (NP It )NP (VP depends (PP on (SBAR (WHADVP when )WHADVP (S (NP you )NP (VP look )VP )S )SBAR )PP )VP . )S  STOP
(S (PP In (NP *UNKN )NP )PP , (PP for (NP instance )NP )PP , (NP (NP (QP less than 8 )QP % )NP (PP of (NP assets )NP )PP )NP (VP went (PP into (NP bank deposits )NP )PP )VP . )S  STOP
(S (NP That )NP (VP (VP rose (PP to (NP (QP nearly 18 )QP % )NP )PP (PP during (NP the *UNKC )NP )PP )VP , and (VP has n't (VP changed (ADVP much )ADVP (ADVP since )ADVP )VP )VP )VP . )S  STOP
(S (NP Pension reserves )NP , (PP on (NP the other hand )NP )PP , (VP made (PRT up )PRT (NP (NP a (ADJP relatively small )ADJP part )NP (PP of (NP household assets )NP )PP )NP (PP until (NP (NP the last decade )NP , (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP *UNKED )VP )S )SBAR )NP )PP )VP . )S  STOP
(S And (NP there )NP (VP (VP has (VP been (NP (NP a *UNK decline )NP (PP in (NP (NP the importance )NP (PP of (NP *UNKED business assets )NP )PP )NP )PP )NP )VP )VP -- (NP (NP thanks )NP (PP to (NP (NP industry consolidation )NP and (NP (NP a decline )NP (PP in (NP family farms )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (NP That )NP (VP 's (NP (NP some )NP (PP of (SBAR (WHNP what )WHNP (S (VP *UNK (PP from (NP (NP the following *UNK )NP , (SBAR (WHNP which )WHNP (S (VP show (SBAR (WHADVP how )WHADVP (S (NP Americans )NP (VP have (VP changed (NP their investment patterns )NP (PP over (NP the past 90 years )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )S )SBAR )PP )NP )VP . )S  STOP
(S (NP Some results )NP (VP are (ADJP *UNK- )ADJP )VP . )S  STOP
(S But (NP other figures )NP (VP are (ADJP surprising )ADJP )VP . )S  STOP
(S (NP Housing )NP , (PP for (NP instance )NP )PP , (VP has (VP remained (NP (NP a (ADJP fairly steady )ADJP component )NP (PP of (NP household assets )NP )PP )NP (PP over (NP the past decade )NP )PP -- (SBAR although (S (NP common wisdom )NP (VP would (VP have (VP expected (NP an increase )NP )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(SINV `` (S (NP There )NP (VP is (NP (NP a lot )NP (PP of (NP attention )NP )PP (VP paid (PP to (NP (NP housing )NP (PP as (NP (NP a form )NP (PP of (NP household wealth )NP )PP )NP )PP )NP )PP )VP )NP )VP )S , '' (VP says )VP (NP (NP Edward N. *UNKC )NP , (NP (NP professor )NP (PP of (NP economics )NP )PP (PP at (NP New York University )NP )PP )NP )NP . )SINV  STOP
(S `` But (NP it )NP (VP has n't (VP increased (ADVP much )ADVP (ADVP relative (PP to (NP other assets )NP )PP )ADVP )VP )VP . )S  STOP
(S (NP It )NP (VP suggests (SBAR that (S (NP households )NP (VP *UNK (NP wealth )NP (PP across (NP (NP a broad *UNK )NP (PP of (NP assets )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S And (NP housing )NP (SBAR though (S (NP it )NP (VP appears (PP in (NP the popular mind )NP )PP (PP as (S (VP being (NP the major (PRN -LCB- growing -RCB- )PRN household asset )NP )VP )S )PP )VP )S )SBAR , (VP is n't )VP . '' )S  STOP
(S (S (PP In (NP addition )NP )PP , (NP (NP investors ' )NP desire (S (VP to (VP hold (NP stocks )NP (PRN -- (UCP (ADVP directly )ADVP and (PP through (NP mutual funds )NP )PP )UCP -- )PRN )VP )VP )S )NP (VP has (VP held (S (ADJP surprisingly steady )ADJP )S )VP )VP )S ; (S (NP (NP (NP stocks ' )NP importance )NP (PP among (NP assets )NP )PP )NP (VP (ADVP largely )ADVP reflects (NP (NP (NP the *UNK and *UNK )NP (PP of (NP the stock market )NP )PP )NP , and not (NP (NP a shift )NP (PP in (NP *UNKING preferences )NP )PP )NP )NP )VP )S . )S  STOP
(SINV `` (S (NP Stocks )NP (VP have not (VP spread (PP to (NP the general public )NP )PP , (PP despite (NP the fact (SBAR that (S (NP the environment )NP (VP is (ADJP much different )ADJP )VP )S )SBAR )NP )PP )VP )VP )S , '' (VP concludes )VP (NP (NP Robert Avery )NP , (NP (NP an economist )NP (PP at (NP Cornell University )NP )PP )NP )NP . )SINV  STOP
(S `` (PP To (NP me )NP )PP (NP it )NP (VP says (SBAR that (S (PP despite (NP all the views (SBAR that (S (NP we )NP (VP spend (NP (NP too much )NP (PP of (NP our wealth )NP )PP )NP (PP on (NP paper assets )NP )PP )VP )S )SBAR )NP )PP , (NP we )NP (VP have (NP (NP ways )NP (PP of (S (VP holding (NP wealth )NP )VP )S )PP (ADJP similar (PP to (ADVP (NP 100 years )NP ago )ADVP )PP )ADJP )NP )VP )S )SBAR )VP . '' )S  STOP
(S -- (NP The *UNK )NP (VP show (SBAR (WHADVP how )WHADVP (S (NP *UNK assets )NP (VP have (VP been (VP distributed (PP over (NP time )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(NP (NP (NP The main components )NP (PP of (NP the various *UNK categories )NP )PP )NP : (NP (NP Housing )NP : (NP (NP *UNKC home )NP , but not (NP (NP the land )NP (SBAR (S (NP it )NP (VP 's (PP on )PP )VP )S )SBAR )NP )NP )NP . )NP  STOP
(NP (NP (NP Land )NP and (NP Other Real Estate )NP )NP : (NP (NP (NP Land )NP (SBAR (WHPP on (WHNP which )WHNP )WHPP (S (NP primary home )NP (VP is (VP built )VP )VP )S )SBAR )NP , (NP investment property )NP )NP . )NP  STOP
(NP (NP Consumer *UNKC )NP : (NP *UNKC , appliances , furniture )NP . )NP  STOP
(NP (NP Bank *UNKC )NP : (NP (NP Currency )NP , (NP *UNK- deposits )NP , (NP small savings and time deposits )NP , (NP (NP certificates )NP (PP of (NP deposits )NP )PP )NP , (NP money-market fund shares )NP )NP . )NP  STOP
(NP (NP Bonds )NP : (S (VP *UNKC (NP bond funds )NP )VP )S . )NP  STOP
(NP (NP *UNKC Funds )NP : (NP (NP Stocks )NP and (NP (NP mutual funds )NP (ADJP other (PP than (NP money-market funds )NP )PP )ADJP )NP )NP . )NP  STOP
(NP (NP *UNKED Business )NP : (NP (NP (NP *UNKC )NP and (NP sole *UNK )NP )NP , (NP professional corporations )NP )NP . )NP  STOP
(NP (NP Pension Reserves )NP : (NP (NP Holdings )NP (PP by (NP pension funds )NP )PP )NP . )NP  STOP
(S (NP McCaw Cellular Communications Inc. )NP (VP said (SBAR (S (NP it )NP (VP sent (NP (NP a letter )NP )NP (PP to (NP LIN Broadcasting Corp. )NP )PP (VP (VP *UNKING (NP (NP its revised tender offer )NP (PP for (NP LIN )NP )PP )NP )VP and (VP asking (S (NP LIN )NP (VP to (VP conduct `` (NP a fair auction )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP The letter )NP (ADVP apparently )ADVP (VP came (PP in (NP (NP response )NP (PP to (NP (NP a request )NP (PP for (NP *UNK )NP )PP (PP by (NP LIN )NP )PP (NP earlier this week )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP LIN )NP , (SBAR (WHNP which )WHNP (S (VP has (VP agreed (PP with (NP BellSouth Corp. )NP )PP (S (VP to (VP merge (NP their *UNK- businesses )NP )VP )VP )S )VP )VP )S )SBAR , )NP (VP said (ADVP then )ADVP (SBAR that (S (NP it )NP (VP would n't (VP take (NP (NP a position )NP (PP on (NP (NP McCaw 's )NP revised tender offer )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Earlier this month )NP , (NP McCaw )NP (VP revised (NP its offer )NP (PP to (NP (NP (NP $ 125 )NP (NP a share )NP )NP (PP for (NP (QP 22 million )QP LIN shares )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP McCaw )NP (VP is (VP seeking (NP (NP *UNKN % )NP (PP of (NP the (UCP cellular and broadcasting )UCP concern )NP )PP )NP )VP )VP )S ; (S (NP the revised offer )NP (VP includes (NP (NP a feature )NP (VP requiring (S (NP McCaw )NP (VP to (VP begin (NP (NP an auction process )NP )NP (PP in (NP July 1994 )NP )PP (SBAR (WHNP that )WHNP (S (VP would (VP buy (PRT out )PRT (NP remaining holders )NP (PP at (NP (NP a per-share price )NP (ADJP roughly equivalent (PP to (SBAR (WHNP what )WHNP (S (NP a third party )NP (VP might (ADVP then )ADVP (VP have (S (VP to (VP pay (PP for (NP (NP all )NP (PP of (NP LIN )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )PP )ADJP )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP )NP )VP )S . )S  STOP
(S (NP The letter )NP (VP *UNK (NP (NP broad powers )NP (PP for (NP (NP an independent group )NP (PP of (NP directors )NP )PP )NP )PP (VP provided (PRT for )PRT (PP in (NP the revised offer )NP )PP )VP )NP )VP . )S  STOP
(S (PP In (NP a statement )NP )PP , (NP (NP Craig O. McCaw )NP , (NP (NP (NP chairman )NP and (NP chief executive officer )NP )NP (PP of (NP McCaw )NP )PP )NP , )NP (VP said : `` (S (NP We )NP (VP trust (SBAR (S (NP LIN )NP (VP will (VP take (NP (NP no further actions )NP (SBAR (WHNP that )WHNP (S (VP favor (NP BellSouth )NP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )S )VP . '' )S  STOP
(S (NP McCaw )NP (VP said (SBAR (S (NP (NP the three independent directors )NP (VP provided (PRT for )PRT (PP in (NP the offer )NP )PP )VP )NP (VP would (VP be (VP designated (PP by (NP the current board )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNK )NP (VP would (VP be (VP *UNKED (PP by (NP the independent directors )NP )PP )VP )VP )VP . )S  STOP
(S (NP LIN )NP (VP would (VP have (NP a priority right (S (VP to (VP pursue (NP (NP all opportunities (S (VP to (VP acquire (NP U.S. cellular interests )NP )VP )VP )S )NP (PP in (NP (NP markets )NP (ADJP other (PP than (NP (NP those )NP (SBAR (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP McCaw )NP (VP holds (NP (NP an interest )NP )NP )VP )S )SBAR , or (SBAR (WHNP which )WHNP (S (VP are (ADJP *UNK (PP to (NP those markets )NP )PP )ADJP )VP )S )SBAR )SBAR )NP )PP )ADJP )NP )PP )NP )VP )VP )S )NP , (SBAR unless (S (NP LIN )NP (VP has (NP (NP an interest )NP (UCP (ADVP there )ADVP or (ADJP *UNK (PP to (NP it )NP )PP )ADJP )UCP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Independent directors )NP (VP would (VP have (NP (NP veto rights )NP (PP to (NP any acquisition )NP )PP )NP (SBAR if (S (NP they )NP (VP (ADVP unanimously )ADVP decide (SBAR (S (NP it )NP (VP is n't (PP in (NP (NP LIN 's )NP best interest )NP )PP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Independent directors )NP (VP would (VP be (ADJP able (S (VP to (VP block (NP (NP transactions )NP (SBAR (S (NP they )NP (VP (ADVP unanimously )ADVP *UNK (SBAR (S (VP would (VP be (ADJP likely (S (VP to (VP *UNK (NP (NP the private market value )NP (PP of (NP LIN )NP )PP )NP (PP at (NP (NP the time )NP (SBAR (S (NP it )NP (VP is (S (VP to (VP be (VP sold )VP )VP )VP )S )VP )S )SBAR )NP )PP (PP in (NP five years )NP )PP )VP )VP )S )ADJP )VP )VP )S )SBAR )VP )S )SBAR )NP )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (SBAR If (S (NP LIN )NP (VP is (VP (VP put (PRT up )PRT (PP for (NP sale )NP )PP )VP (CONJP rather than )CONJP (VP purchased (PP by (NP McCaw )NP )PP )VP (PP in (NP five years )NP )PP )VP )VP )S )SBAR , (S (NP McCaw )NP (VP wo n't (VP submit (NP a bid )NP (SBAR unless (S (NP the independent directors )NP (VP request (NP it )NP )VP )S )SBAR )VP )VP )S , and (S (NP the independent directors )NP (VP will (VP run (NP the bidding )NP )VP )VP )S . )S  STOP
(S (NP The directors )NP (VP would (VP be (ADJP able (S (VP to (VP sell (NP particular assets )NP (S (VP to (VP enable (S (NP (NP such buyers )NP (PP as (NP the regional Bell operating companies )NP )PP )NP (VP to (VP purchase (NP (NP the company 's )NP interests )NP )VP )VP )S )VP )VP )S )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (NP MCA Inc. )NP (VP said (SBAR (S (NP third-quarter net )NP (VP fell (NP 6.3 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 69 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 74 cents )NP (NP a share )NP )NP , )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP MCA )NP (VP said (SBAR (S (NP revenue )NP (VP rose (NP 14 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The entertainment concern )NP (VP said (SBAR (S (NP (NP the success )NP (PP of (NP (NP several movies )NP (VP released (PP during (NP the quarter )NP )PP )VP , (PP including (NP `` (NP *UNKC )NP '' and `` (NP *UNKC *UNKC )NP )NP )PP , '' )NP )PP )NP (VP contributed (PP to (NP (NP record revenue )NP (PP for (NP its film unit )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Both (NP MCA 's )NP *UNK- and *UNKING units )NP (ADVP also )ADVP (VP posted (NP record (NX (NX revenue )NX and )NX (NX operating profit )NX )NP )VP . )S  STOP
(S (NP (NP The parent company 's )NP net )NP (VP included (NP (NP a loss )NP (PRN -- (SBAR (WHNP which )WHNP (S (NP it )NP (VP did n't (VP specify )VP )VP )S )SBAR -- )PRN (SBAR (WHNP that )WHNP (S (VP was (ADJP related (PP to (NP (NP (NP the company 's )NP (ADJP 50 % )ADJP stake )NP (PP in (NP Cineplex Odeon Corp )NP )PP )NP )PP )ADJP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Cineplex )NP , (NP a Toronto theater chain )NP , )NP (VP had (NP (NP a second-quarter net loss )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )VP . )S  STOP
(S (NP MCA )NP (VP said (SBAR (S (NP net )NP (ADVP also )ADVP (VP included (NP (NP certain reserves )NP (ADJP related (PP to (NP (NP the restructuring )NP (PP of (NP (NP its *UNKC *UNKC ' )NP international operations )NP )PP )NP )PP )ADJP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP These items )NP (VP were (VP (ADVP partly )ADVP offset (PRN , (S (NP MCA )NP (VP said )VP )S , )PRN (PP by (NP (NP an unspecified gain )NP (PP on (NP (NP the sale )NP (PP of (NP (NP its Miller International unit )NP , (NP (NP a maker and distributor )NP (PP of (NP *UNKED audio *UNK )NP )PP )NP )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP , (NP MCA )NP (VP rose (NP $ 1.50 )NP (PP to (NP $ 64 )NP )PP )VP . )S  STOP
(S (PP In (NP the nine months )NP )PP , (NP net )NP (VP rose (NP 35 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ 1.22 )NP (NP a share )NP )NP , )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP . )S  STOP
(S (NP Revenue )NP (VP increased (NP 22 % )NP (PP to (NP (QP $ 2.5 billion )QP )NP )PP (PP from (NP (QP $ 2.1 billion )QP )NP )PP )VP . )S  STOP
(NP *UNKC *UNKC *UNKC )NP  STOP
(S (S (NP I )NP (ADVP never )ADVP (VP pay (NP my bills )NP (PP *UNKC (NP the (ADJP very last )ADJP day )NP )PP )VP )S ; (S (NP I )NP (VP lose (NP (ADJP far less )ADJP interest )NP (PP By (S (VP proceeding (NP that way )NP )VP )S )PP )VP )S . )S  STOP
(S (S But (NP (NP it )NP (NP all )NP )NP (VP *UNK (PRT out )PRT )VP )S (PRN , (S (NP It )NP (VP 's (ADJP so easy (SBAR (S (VP to (VP see )VP )VP )S )SBAR )ADJP )VP )S )PRN : (SINV (PP Not *UNK (NP the last moment )NP )PP Am (NP I )NP (VP paid (SBAR (WHNP what )WHNP (S (VP 's (ADJP due (NP me )NP )ADJP )VP )S )SBAR )VP )SINV . )S  STOP
(NP -- Arnold J. *UNKC . )NP  STOP
(NP *UNKC *UNKC )NP  STOP
(S (S (NP The *UNK *UNKC *UNKC )NP (VP *UNKC (NP (NP strict *UNKC views )NP (PP on (NP sex )NP )PP )NP )VP )S , And (S (NP that )NP (VP is (SBAR (WHADVP why )WHADVP (S (NP you )NP (ADVP only )ADVP (VP see (S (NP him )NP (VP *UNKED (PP in (NP the museum )NP )PP )VP )S )VP )S )SBAR )VP )S . )S  STOP
(NP -- *UNKC W. Thomas . )NP  STOP
(S (NP Helmsley Enterprises Inc. )NP (VP (VP plans (S (VP to (VP close (NP its *UNKED insurance business )NP )VP )VP )S )VP and (VP is (VP seeking (NP (NP other brokers )NP (SBAR (S (VP to (VP take (PRT over )PRT (NP its policies )NP )VP )VP )S )SBAR )NP )VP )VP , (PP according (PP to (NP (NP individuals )NP (ADJP familiar (PP with (NP the New York firm )NP )PP )ADJP )NP )PP )PP )VP . )S  STOP
(S (NP Helmsley Enterprises )NP (VP is (NP (NP the *UNK organization )NP (PP for (NP (NP companies )NP (VP controlled (PP by (NP Harry B. Helmsley )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(S (NP These )NP (VP include (NP (NP (NP (UCP office and residential )UCP real estate giant )NP , (NP *UNKC Inc. )NP , )NP and (NP Helmsley *UNKC )NP )NP )VP . )S  STOP
(S (NP (NP The insurance brokerage agency )NP , (NP (NP just a *UNK )NP (PP of (NP (NP Helmsley 's )NP vast empire )NP )PP )NP , )NP (VP would (VP be (NP (NP the first piece )NP (PP of (NP the company )NP )PP (SBAR (S (VP to (VP be (VP stripped (ADVP away )ADVP )VP )VP )VP )S )SBAR (PP since (NP (NP last summer )NP (SBAR (WHADVP when )WHADVP (S (NP (NP (NP Mr. Helmsley 's )NP wife )NP , (NP *UNKC Helmsley )NP , )NP (VP was (VP found (S (ADJP guilty (PP of (NP tax evasion )NP )PP )ADJP )S )VP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP Industry sources )NP (VP estimate (SBAR (S (NP the agency )NP (VP (VP brokers (NP (NP property and casualty premiums )NP (ADJP worth (NP (QP about $ 25 million )QP )NP )ADJP )NP (ADVP annually )ADVP )VP , and (VP has (NP (NP revenue )NP , (PP based (PP on (NP a standard (ADJP 10 % )ADJP commission rate )NP )PP )PP , (PP of (NP (QP about $ 2.5 million )QP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The insurance firm )NP (VP acts (PP as (NP (NP a broker )NP (PP on (NP (NP policies )NP (VP covering (NP (NP buildings )NP (VP managed (PP by (NP *UNKC and others )NP )PP )VP )NP )VP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Many )NP (PP of (NP the properties )NP )PP )NP (VP are (VP owned (PP through (NP (NP limited partnerships )NP (VP controlled (PP by (NP Mr. Helmsley )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (NP New York State law )NP (VP *UNK (NP insurance *UNK )NP (PP from (S (VP *UNKING (NP (NP (QP more than 10 )QP % )NP (PP of (NP revenue )NP )PP )NP (PP from (S (VP *UNKING (NP affiliated companies )NP )VP )S )PP )VP )S )PP )VP . )S  STOP
(S (S (NP (NP Helmsley 's )NP insurance division )NP (VP had (ADVP slightly )ADVP (VP exceeded (NP that percentage )NP )VP )VP )S (PRN , (S (NP sources )NP (VP say )VP )S , )PRN but (S (NP the division )NP (VP was n't (VP considered (S (ADJP significant enough (PP to (NP the company )NP )PP (S (VP to (VP be (VP restructured )VP )VP )VP )S )ADJP )S , (PP particularly at (NP (NP a difficult time )NP (PP for (NP the firm )NP )PP )NP )PP )VP )VP )S . )S  STOP
(S (NP (NP (NP *UNKC publicity )NP (PP from (NP (NP the scandal )NP (VP surrounding (NP (NP its founder 's )NP wife )NP )VP )NP )PP )NP and (NP related management *UNK )NP )NP (VP have (VP put (NP pressure )NP (PP on (NP the entire Helmsley organization )NP )PP )VP )VP . )S  STOP
(S (ADVP However )ADVP , (NP (NP individuals )NP (ADJP close (PP to (NP the company )NP )PP )ADJP )NP (VP insist (SBAR (S (S (VP *UNKING (NP (NP the insurance division )NP , (NP (NP a *UNK )NP (PP from (NP (NP the company 's )NP core property management business )NP )PP )NP , )NP )VP )S (VP is n't (NP (NP the beginning )NP (PP of (NP (NP a sale )NP (PP of (NP assets )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Helmsley 's )NP insurance premiums )NP (VP are (VP expected (S (VP to (VP be (VP transferred (PP to (NP several different insurance brokerage companies )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Frank B. Hall Inc. )NP (PP of (NP (NP *UNKC *UNKC )NP , (NP N.Y. )NP )NP )PP )NP (VP is (ADVP reportedly )ADVP (VP working (PRT out )PRT (NP (NP an agreement )NP (PP with (NP Helmsley )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Officials )NP (ADVP there )ADVP )NP (VP declined (S (VP to (VP comment )VP )VP )S , (SBAR as (SINV did (NP Helmsley management )NP )SINV )SBAR )VP . )S  STOP
(S (PP Outside (NP (NP the *UNKED headquarters )NP (PP of (NP (NP the *UNKED Society )NP (PP of (NP Orange Workers )NP )PP )NP )PP )NP )PP , (NP all )NP (VP seems (ADJP normal )ADJP (PP in (NP (NP South Africa 's )NP *UNK society )NP )PP )VP . )S  STOP
(S (NP (NP A pickup truck )NP (VP driven (PP by (NP a white farmer )NP )PP )VP )NP (VP *UNK (ADVP past )ADVP (PP with (NP (NP a load )NP (PP of (NP black workers )NP )PP (VP *UNKING (PP in (NP the back )NP )PP )VP )NP )PP )VP . )S  STOP
(S (PP Over (PP at (NP (NP *UNKC )NP , (NP the general store )NP , )NP )PP )PP (NP a black stock boy )NP (VP *UNK (S (VP to (VP help (NP an elderly white woman )NP (PP with (NP her packages )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP *UNKC (NP the street )NP )PP , (NP a car )NP (VP (VP *UNK (PP into (NP the Shell station )NP )PP )VP and (VP is (VP *UNKED (PP by (NP black attendants )NP )PP )VP )VP )VP . )S  STOP
(S But (PP inside (NP (NP the white walls )NP (PP of (NP (NP (NP the Orange Workers ' )NP office )NP (PRN -- (NP (NP just about the largest building )NP (PP in (NP town )NP )PP , (PP save (PP for (NP (NP the Dutch *UNKED Church )NP and (NP the school )NP )NP )PP )PP )NP -- )PRN )NP )PP )NP )PP (NP (NP South Africa 's )NP *UNK racial order )NP (VP is (ADJP *UNK )ADJP )VP . )S  STOP
(S (NP A dozen white office workers )NP (VP (VP *UNK (NP newsletters )NP )VP and (VP stuff (NP them )NP (PP into (NP *UNK )NP )PP )VP )VP . )S  STOP
(S (NP White women )NP (VP (VP serve (NP tea and coffee )NP )VP , and then (VP *UNK (NP the *UNK and *UNK )NP (ADVP *UNK )ADVP )VP )VP . )S  STOP
(S (NP White children )NP (VP (VP empty (NP the *UNK baskets )NP )VP and (VP *UNK (NP the windows )NP )VP )VP . )S  STOP
(S (NP There )NP (VP is n't (NP a black worker )NP (PP in (NP sight )NP )PP )VP . )S  STOP
(FRAG Not (PP in (NP (NP the *UNK )NP , or (NP the *UNK )NP or (NP the book shop )NP )NP )PP . )FRAG  STOP
(SINV `` (S (SBAR If (S (NP we )NP (VP want (S (VP to (VP have (NP our own nation )NP )VP )VP )S )VP )S , )SBAR (ADVP then )ADVP (NP we )NP (VP must (VP be (ADJP willing (S (VP to (VP do (NP all the work )NP (NP ourselves )NP )VP )VP )S )ADJP )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC Jr. )NP , (NP (NP (NP son )NP (PP of (NP the former prime minister )NP )PP )NP and (NP (NP the leader )NP (PP of (NP (NP the Orange Workers )NP , (VP founded (PP in (NP 1980 )NP )PP )VP )NP )PP )NP )NP )NP . )SINV  STOP
(S (NP They )NP (VP do (ADVP indeed )ADVP (VP want (NP their own nation )NP )VP )VP . )S  STOP
(S (NP (NP The *UNK )NP (PP of (NP apartheid )NP )PP )NP (VP may (VP be (VP *UNKING (PP in (NP (NP the rest )NP (PP of (NP South Africa )NP )PP )NP )PP , (PP with (S (S (NP *UNKC )NP (VP opening (NP its public facilities )NP (PP to (NP all races )NP )PP )VP )S , (S (NP blacks )NP (VP *UNKING (NP (NP the *UNK- *UNK )NP (PP of (NP the *UNKC )NP )PP )NP )VP )S and (S (NP the government )NP (VP *UNKING (NP (NP seven leaders )NP (PP of (NP the banned African National Congress )NP )PP )NP )VP )S )S )PP )VP )VP )VP . )S  STOP
(S But (ADVP here )ADVP (PP in (NP (NP *UNKC )NP , (NP (NP a *UNK town )NP (PP amid (NP (NP the corn fields )NP (PP of (NP the *UNK *UNKC )NP )PP )NP )PP )NP , )NP )PP (NP the Orange Workers )NP (VP are (VP holding (S (NP the *UNK )NP (ADJP steady )ADJP )S )VP )VP . )S  STOP
(S (NP (NP The Orange Workers )NP (PRN -- (SBAR (WHNP who )WHNP (S (VP take (NP their name )NP (PP from (NP (NP (NP William )NP (PP of (NP Orange )NP )PP (PP of (NP the Netherlands )NP )PP )NP , (NP (NP a hero )NP (PP of (NP the *UNKED *UNKC )NP )PP )NP )NP )PP )VP )S )SBAR -- )PRN )NP (VP believe (SBAR that (S (S (NP (NP the solution )NP (PP to (NP (NP South Africa 's )NP racial problems )NP )PP )NP (VP is n't (NP (NP the *UNK )NP (PP of (NP apartheid )NP )PP )NP )VP )S , (S (NP it )NP (VP 's (NP (NP the *UNK )NP (PP of (NP (NP apartheid )NP -- (NP (NP (ADJP complete and total )ADJP *UNK )NP (PP of (NP the races )NP )PP )NP )NP )PP )NP )VP )S )S )SBAR )VP . )S  STOP
(S (ADVP Here )ADVP , (ADVP then )ADVP , (VP is )VP (SBAR (WHADVP where )WHADVP (S (NP the Orange Workers )NP (VP have (VP come (S (VP to (VP make (NP (NP apartheid 's )NP last stand )NP )VP )VP )S )VP )VP )S )SBAR . )S  STOP
(S (NP Their idea )NP (VP is (S (VP to (VP (VP create (NP a city )NP , (ADVP first )ADVP )VP , and then (VP (NP an entire nation )NP )VP -- (PP without (NP blacks )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP This )NP (VP may (VP seem (S (VP to (VP be (NP a (ADJP *UNK and *UNKLY )ADJP *UNK effort )NP (PP in (NP Africa )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S And (NP the fact (SBAR that (S (NP there )NP (VP are (NP (QP only 3,000 )QP *UNKING Orange Workers )NP )VP )S )SBAR )NP (VP may (VP put (NP them )NP (PP on (NP the *UNK *UNK )NP )PP )VP )VP . )S  STOP
(S But (NP (NP their ideal )NP (PP of (NP (NP an *UNKC *UNK )NP , (NP (NP an *UNK- reserve )NP (SBAR (S (VP to (VP be (VP *UNKED (ADVP out (PP of (NP *UNK- South Africa )NP )PP )ADVP )VP )VP )VP )S )SBAR )NP , )NP )PP )NP (VP is (NP (NP a mainstream desire )NP (PP of (NP (NP the *UNKING )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP (NP about one-third )NP (PP of (NP (NP the country 's )NP (QP five million )QP whites )NP )PP )NP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC *UNK and *UNK )NP (VP have (ADVP long )ADVP (VP *UNKED (PP on (NP (NP the need )NP (PP for (NP a white *UNK )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The Orange Workers )NP (VP are (ADVP just )ADVP (VP putting (NP this *UNKING )NP (PP into (NP practice )NP )PP )VP )VP . )S  STOP
(S (ADVP Thus )ADVP , (NP farmer *UNKC *UNKC )NP , (S (NP his *UNKC and *UNK )NP (VP covered (PP in (NP *UNK )NP )PP )VP )S , (VP *UNK (ADVP around )ADVP (PP under (NP his *UNK )NP )PP , (S (VP (VP *UNKING (NP *UNK )NP )VP and (VP *UNKING (NP *UNK )NP )VP )VP )S )VP . )S  STOP
(S (PP On (NP (NP (ADVP almost every )ADVP other farm )NP (PP in (NP South Africa )NP )PP )NP )PP , (NP black workers )NP (VP do (NP the repairs )NP )VP . )S  STOP
(FRAG But not (ADVP here )ADVP . )FRAG  STOP
(S (NP Mr. *UNKC )NP (VP (VP *UNK (NP his own fields )NP )VP , (VP *UNK (NP his own corn and *UNK )NP )VP , and (VP *UNK (NP his own *UNK )NP )VP )VP . )S  STOP
(S (S (PP Over (PP at (NP the *UNK factory )NP )PP )PP , (NP four white workers )NP (VP *UNK (NP water tanks )NP (PP on (NP their own )NP )PP )VP )S , and (S (PP in (NP their spare time )NP )PP (NP they )NP (VP build (NP *UNK )NP (PP across (NP the road )NP )PP )VP )S . )S  STOP
(S (PP On (NP *UNKC Street )NP )PP , (NP (NP *UNKC *UNKC )NP and (NP her daughters )NP )NP (VP (VP look (PP after (NP the clothes and fabric shop )NP )PP )VP , then (VP hurry (ADVP home )ADVP (S (VP to (VP fix (NP lunch )NP (PP for (NP (NP the rest )NP (PP of (NP the family )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (PP *UNKC (PP by (NP the stream )NP )PP )PP , (NP (NP a group )NP (PP of (NP Orange Workers )NP )PP )NP (VP puts (NP the finishing *UNK )NP (PP on (NP a golf course )NP )PP )VP . )S  STOP
(S (SBAR If (S (NP whites )NP (VP want (S (VP to (VP play (ADVP there )ADVP (PP by (NP themselves )NP )PP )VP )VP )S )VP )S )SBAR (PRN , (SINV (VP says )VP (NP consulting engineer *UNKC van *UNKC )NP )SINV , )PRN (NP whites )NP (VP should (ADVP also )ADVP (VP build (NP it )NP (PP by (NP themselves )NP )PP )VP )VP . )S  STOP
(S `` (SBAR If (S (NP we )NP (VP want (S (VP to (VP survive (PP as (NP a people )NP )PP )VP )VP )S )VP )S )SBAR , '' (PRN (NP he )NP (VP says )VP )PRN , `` (NP we )NP (VP have (S (VP to (VP change (NP (NP our way )NP (PP of (NP life )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP The *UNKC )NP (VP must (VP end (NP (NP his *UNK )NP (PP on (NP others )NP )PP )NP )VP )VP . '' )S  STOP
(S (PP In (NP their *UNK (S (VP to (VP perfect (NP apartheid )NP )VP )VP )S )NP )PP , (NP the Orange Workers )NP (VP have (VP discovered (NP (NP (NP a truth )NP (SBAR (WHNP that )WHNP (S (NP (NP most )NP (PP of (NP *UNKED white South Africa )NP )PP )NP (VP tries (ADVP *UNKLY )ADVP (S (VP to (VP deny )VP )VP )S )VP )S )SBAR )NP : (S (NP The master )NP (VP ca n't (VP (VP become (ADJP dependent (PP on (NP the *UNK )NP )PP )ADJP )VP and (VP expect (S (VP to (VP remain (NP master )NP (ADVP forever )ADVP )VP )VP )S )VP )VP )VP )S )NP )VP )VP . )S  STOP
(SINV `` (S (SBAR If (S (NP apartheid )NP (VP means (SBAR (S (S (NP you )NP (VP want (NP (NP cheap black labor )NP and (NP (NP all the *UNK )NP (SBAR (WHNP that )WHNP (S (VP go (PP with (NP it )NP )PP )VP )S )SBAR )NP )NP )VP )S , but (S (NP you )NP (ADVP also )ADVP (VP want (S (VP to (VP exclude (NP the blacks )NP (PP from (NP (ADJP social and political )ADJP integration )NP )PP )VP )VP )S )VP )S )S )SBAR )VP )S )SBAR , (ADVP then )ADVP (NP these )NP (VP are (NP (NP two *UNK )NP (SBAR (WHNP that )WHNP (S (VP ca n't (VP go (PRT on )PRT (ADVP forever )ADVP )VP )VP )S )SBAR )NP )VP )S , '' (VP says )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S (NP He )NP (VP is (VP sitting (PP in (NP his living room )NP )PP , (PP beneath (NP (NP a huge *UNK )NP (PP of (NP (NP his late father )NP , (NP *UNKC F. *UNKC )NP , (NP (NP (NP apartheid 's )NP architect )NP and (NP (NP South African prime minister )NP (PP (PP from (NP *UNKN )NP )PP (PP to (NP 1966 )NP )PP )PP )NP )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (ADVP *UNKC )ADVP (PRN , (S (NP the son )NP (VP *UNK )VP )S , )PRN (S (NP things )NP (VP went (ADJP *UNKLY wrong )ADJP (PP with (NP apartheid )NP )PP )VP )S ; (S (NP today )NP , (NP whites )NP (ADVP even )ADVP (VP rely (PP on (NP blacks )NP )PP (S (VP to (VP police (NP their *UNK )NP )VP )VP )S )VP )S . )S  STOP
(S `` (NP People )NP (VP took (NP separate development )NP (PP as (NP an opportunity (S (VP to (VP use (NP black labor )NP (PP without (S (ADVP ever )ADVP (VP getting (ADJP rid (PP of (NP it )NP )PP )ADJP )VP )S )PP )VP )VP )S )NP )PP )VP . )S  STOP
(SINV (S But (NP my father )NP (VP meant (S (NP it )NP (VP to (VP mean (NP real *UNK )NP )VP )VP )S )VP )S , '' (VP says )VP (NP the son )NP . )SINV  STOP
(S (NP The Orange Workers )NP (VP speak (ADVP *UNKLY )ADVP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP agree (PP with (NP world opinion (SBAR that (S (NP (NP the status *UNK )NP (PP in (NP South Africa )NP )PP )NP (VP is (ADJP *UNKLY wrong )ADJP )VP )S )SBAR )NP )PP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP the Orange Workers ' )NP chief *UNK and *UNK )NP )NP . )SINV  STOP
(S `` (NP We )NP (VP must (VP either (VP *UNK (ADVP *UNKLY )ADVP )VP or (VP *UNK (ADVP *UNKLY )ADVP )VP )VP )VP . '' )S  STOP
(S (NP *UNKC )NP (VP has (ADVP long )ADVP (VP been (NP (NP a special *UNK )NP (PP of (NP *UNKC )NP )PP )NP )VP )VP . )S  STOP
(S (PP According (PP to (NP Mr. *UNKC )NP )PP )PP , (NP the early *UNKC *UNK )NP (VP were (NP (NP the first people )NP (SBAR (S (VP to (VP settle (PP in (NP the *UNK *UNKC )NP )PP , (PP even before (NP the blacks )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S Then , (SBAR (WHADVP when )WHADVP (S (NP *UNKC )NP (VP was (VP *UNKED (PP in (NP *UNKN )NP )PP )VP )VP )S )SBAR , (NP (NP the farmer )NP (SBAR (WHNP who )WHNP (S (VP owned (NP the land )NP )VP )S )SBAR )NP (VP *UNKED (SBAR that (S (S (NP only whites )NP (VP could (VP *UNK (PP in (NP town )NP )PP )VP )VP )S ; (S (NP blacks )NP (VP could (VP work (ADVP there )ADVP )VP )VP )S , but (S (NP they )NP (VP had (S (VP to (VP leave (PP at (NP night )NP )PP )VP )VP )S )VP )S )S )SBAR )VP . )S  STOP
(S (NP Today )NP , (NP *UNKC )NP (VP is (NP (NP a town )NP (PP of (NP (NP 800 whites )NP and (NP two *UNKED roads )NP )NP )PP )NP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP push (ADVP up )ADVP (PP through (NP (NP the cracks )NP (PP in (NP the *UNK )NP )PP )NP )PP )VP )S , and (S (NP many houses and *UNK )NP (VP are (ADJP empty )ADJP )VP )S . )S  STOP
(S (NP There )NP (VP are (NP (NP few factories )NP and (NP no mines )NP )NP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP was (NP an ideal place )NP (SBAR for (S (NP the Orange Workers )NP (VP to (VP start (NP their new nation )NP , (S (ADJP *UNKED (PP by (NP (NP the *UNK )NP (SBAR (WHNP that )WHNP (S (VP have (VP *UNKED (NP apartheid )NP (ADVP elsewhere (PP in (NP South Africa )NP )PP )ADVP )VP )VP )S )SBAR )NP )PP )ADJP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP So far )ADVP , (NP (QP about 150 )QP Orange Workers )NP (VP have (VP moved (ADVP here )ADVP , (S (VP spending (NP (QP nearly $ 1 million )QP )NP (S (VP buying (PRT up )PRT (NP property )NP )VP )S (PP over (NP the past three years )NP )PP )VP )S )VP )VP . )S  STOP
(S (ADVP Still )ADVP , (NP (ADJP complete and total )ADJP *UNK )NP (VP remains (ADJP *UNK )ADJP )VP . )S  STOP
(SINV (PP Just beyond (NP the city limits )NP )PP (VP is )VP (NP (NP a *UNK )NP (PP of (NP (NP 2,000 blacks )NP (SBAR (WHNP who )WHNP (S (VP are (VP employed (PP throughout (NP the area )NP )PP )VP )VP )S )SBAR )NP )PP )NP . )SINV  STOP
(S (PP Despite (NP (NP the Orange Workers ' )NP intention (S (VP to (VP put (NP (NP them )NP (NP all )NP )NP (PP out (PP of (NP work )NP )PP )PP )VP )VP )S )NP )PP , (NP they )NP (VP are (PP in (NP no hurry (S (VP to (VP leave )VP )VP )S )NP )PP )VP . )S  STOP
(S (NP (NP A young man )NP (VP called (S (NP (NP July )NP (PRN -LRB- (S (NP that )NP (VP 's (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP was (VP born )VP )VP )S )SBAR )VP )S -RRB- )PRN )NP )S )VP , (SBAR (WHNP who )WHNP (S (VP works (PP at (NP (NP the railroad station )NP (PP just up (NP the street )NP (PP from (NP the Orange Workers office )NP )PP )PP )NP )PP )VP )S )SBAR , )NP (VP (VP points (PP at (NP the *UNKED building )NP )PP )VP and (VP says (ADVP *UNKLY )ADVP , `` (S (S (NP We )NP (VP 're not (VP allowed (PP in (NP there )NP )PP )VP )VP )S , (S (NP that )NP (VP 's (NP (NP all )NP (SBAR (S (NP I )NP (VP know )VP )S )SBAR )NP )VP )S )S )VP )VP . '' )S  STOP
(S (NP (NP The *UNK- local whites )NP (SBAR (WHNP who )WHNP (S (VP are n't (NP Orange Workers )NP )VP )S )SBAR )NP (VP are (ADJP more troubled )ADJP )VP . )S  STOP
(S (S (VP *UNKC (SBAR as (S (NP they )NP (VP might )VP )S )SBAR )VP )S , (NP they )NP (ADVP just )ADVP (VP ca n't (VP *UNK (PP of (NP (NP life )NP (PP without (NP black workers )NP )PP )NP )PP )VP )VP . )S  STOP
(SINV `` (FRAG (ADJP *UNKC , impossible )ADJP )FRAG , '' (VP say )VP (NP (NP the *UNKC )NP , (NP (NP an elderly couple )NP (SBAR (WHNP who )WHNP (S (VP have (VP run (NP the general store )NP (PP for (NP decades )NP )PP )VP )VP )S )SBAR )NP )NP . )SINV  STOP
(SINV `` (S (NP We )NP (VP ca n't (VP do (PP without (NP their help )NP )PP )VP )VP )S , '' (VP says )VP (NP Mrs. *UNKC )NP . )SINV  STOP
(FRAG `` (INTJ *UNK no )INTJ . )FRAG  STOP
(S (S (NP We )NP (VP need (NP them )NP )VP )S and (S (NP I )NP (VP *UNK (NP God )NP (PP for (NP them )NP )PP )VP )S . '' )S  STOP
(S (PP Over (PP at (NP the Shell station )NP )PP )PP , (NP (NP owner *UNKC van *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP *UNK (PP as (NP (NP *UNKC 's )NP mayor )NP )PP )VP )S )SBAR , )NP (VP worries (SBAR that (S (NP the Orange Workers )NP (VP have (VP made (S (NP his town )NP (NP (NP the *UNK )NP (PP of (NP the nation )NP )PP )NP )S )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (SBAR (WHNP What )WHNP (S (NP they )NP (VP want (S (NP us )NP (VP to (VP do )VP )VP )S )VP )S )SBAR (ADVP just )ADVP (VP is n't (ADJP practical )ADJP )VP )S , '' (NP he )NP (VP says , (S (VP noting (SBAR that (S (NP he )NP (VP employs (NP 16 blacks )NP )VP )S )SBAR )VP )S )VP . )S  STOP
(S `` (NP I )NP (VP could n't (VP afford (S (VP to (VP hire (NP 16 whites )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The only *UNKC )NP (SBAR (WHNP who )WHNP (S (VP would (VP be (ADJP willing (S (VP to (VP work (PP for (NP this salary )NP )PP )VP )VP )S )ADJP )VP )VP )S )SBAR )NP (VP would n't (VP know (SBAR (WHADVP how )WHADVP (S (VP to (VP handle (NP money )NP )VP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (ADVP Back (PP at (NP the Verwoerd house )NP )PP )ADVP , (NP *UNKC *UNKC )NP (VP *UNK (ADVP down )ADVP (PP over (NP (NP the shoulder )NP (PP of (NP *UNKC Jr )NP )PP )NP )PP )VP . )S  STOP
(S (NP The son )NP (VP believes (SBAR that (S (SBAR (WHADVP when )WHADVP (S (NP the *UNKC )NP (ADVP finally )ADVP (VP realize (SBAR (S (NP there )NP (VP is (NP no (S (VP turning (ADVP back )ADVP (NP (NP the integration )NP (PP of (NP (ADJP South African )ADJP society and politics )NP )PP )NP )VP )S )NP )VP )S )SBAR )VP )S )SBAR , (NP *UNKC )NP (VP will (VP boom )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP We )NP (VP urge (NP our people )NP (S not (VP to (VP wait (SBAR until (S (NP they )NP (VP have (S (VP to (VP fight (PP for (NP their own nation )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP )S )VP )S , '' (VP says )VP (NP Mr. Verwoerd )NP . )SINV  STOP
(S `` (PP By (S (VP *UNKING (NP a place )NP (ADVP now )ADVP )VP )S )PP , (NP we )NP (VP make (S (NP ourselves )NP (NP (NP a power )NP (SBAR (S (NP any new government )NP (VP will (VP have (S (VP to (VP take (PP into (NP account )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )S )VP . '' )S  STOP
(S (ADVP *UNKLY )ADVP , (NP he )NP (VP compares (NP the Orange Workers )NP (PP to (NP (NP the ANC )NP , (SBAR (WHNP which )WHNP (S (NP his father )NP (VP *UNKED (PP in (NP 1960 )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(SINV `` (S (NP The ANC )NP (VP wo n't (VP be (VP stopped (SBAR until (S (NP there )NP (VP is (NP (NP a provision )NP (PP for (NP black *UNK )NP )PP )NP )VP )S )SBAR )VP )VP )VP )S , '' (VP says )VP (NP Mr. Verwoerd )NP . )SINV  STOP
(S `` (ADVP *UNKC )ADVP , (NP no government )NP (VP will (VP stop (NP (NP this idea )NP (PP of (NP the *UNKC )NP )PP )NP )VP )VP . '' )S  STOP
(S (NP He )NP (VP *UNK (PP for (S (VP *UNKING (ADJP *UNK )ADJP )VP )S )PP )VP . )S  STOP
(S `` (S (VP *UNKC )VP )S , '' (PRN (S (NP he )NP (VP says )VP )S )PRN , `` (SBAR If (S (NP (NP the rest )NP (PP of (NP South Africa )NP )PP )NP (VP wants (S (VP to (VP have (NP an integrated *UNKING *UNK )NP )VP )VP )S )VP )S )SBAR , (NP that )NP (VP 's (NP their choice )NP )VP . )S  STOP
(S (NP We )NP (VP 'll (VP leave (NP them )NP (ADVP alone )ADVP )VP )VP . )S  STOP
(S (NP We )NP (ADVP just )ADVP (VP want (S (VP to (VP have (NP (NP our own *UNK )NP (PP of (NP tea )NP )PP )NP )VP )VP )S )VP . '' )S  STOP
(S And (NP they )NP (VP will (ADVP even )ADVP (VP serve (NP it )NP (NP themselves )NP )VP )VP . )S  STOP
(S (INTJ *UNKC )INTJ , (ADVP now )ADVP (NP you )NP (VP can (VP pick (PRT up )PRT (NP that phone )NP )VP )VP . )S  STOP
(S But (VP do n't (VP do (NP (NP anything )NP (ADJP rash )ADJP )NP )VP )VP . )S  STOP
(S (PP After (NP (NP last Friday 's )NP stock-market plunge )NP )PP , (NP investment professionals )NP (VP cautioned (S (NP people )NP (VP to (VP resist (NP the urge (S (VP to (VP (VP call (NP their brokers )NP )VP and (VP sell (NP stocks )NP )VP )VP )VP )S )NP )VP )VP )S )VP . )S  STOP
(S (S (S Not (VP selling (PP into (NP a panic )NP )PP )VP )S (VP turned (PRT out )PRT (S (VP to (VP be (NP (ADJP very good )ADJP advice )NP )VP )VP )S )VP )S : (S (PP Despite (NP (NP the market 's )NP volatility )NP )PP , (NP the Dow Jones Industrial Average )NP (VP has (VP surged (NP *UNKN points )NP (PP in (NP the past four days )NP )PP )VP )VP )S . )S  STOP
(S (ADVP Now )ADVP , (PP with (S (NP (NP a *UNK )NP (PP of (NP *UNK )NP )PP )NP (VP returning )VP )S )PP , (NP some advisers )NP (VP say (SBAR (S (NP it )NP (VP 's (NP (NP time )NP (SBAR for (S (NP investors )NP (VP to (VP (VP take (NP (NP a hard , cold look )NP (PP at (NP (NP the stocks )NP (SBAR (S (NP they )NP (VP own )VP )S )SBAR )NP )PP )NP )VP and (VP consider (NP some careful *UNKING )NP )VP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP The market )NP (VP is (VP sending (NP nervous signals )NP )VP )VP )S (PRN , '' (SINV (VP says )VP (NP (NP Peter J. *UNKC )NP , (NP (NP chief market strategist )NP (PP for (NP Bear , Stearns & Co. )NP )PP )NP )NP )SINV , )PRN and (S (NP (NP it )NP )NP (VP 's `` (ADJP *UNK )ADJP '' (S (VP to (VP be (VP *UNKED (PP to (NP stocks )NP )PP )VP )VP )VP )S )VP )S . )S  STOP
(S (NP (NP Alan *UNKC )NP , (NP (NP president )NP (PP of (NP (NP *UNKC Capital Management )NP , (NP a Los Angeles *UNK- firm )NP , )NP )PP )NP )NP (VP adds (SBAR that (S (PP in (NP (NP periods )NP (PP of (NP uncertainty )NP )PP (PP like (NP today )NP )PP )NP )PP , `` (NP it )NP (VP 's (NP (NP a good time )NP (SBAR (S (VP to (VP cut (PRT out )PRT (NP (NP the dead branches )NP (PP of (NP your portfolio )NP )PP )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Not everybody )NP (VP agrees (SBAR that (S (NP it )NP (VP 's (NP (NP time )NP (SBAR (S (VP to (VP trim )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP We )NP (VP are n't (ADJP inclined (S (VP to (VP *UNK (NP stock portfolios )NP (ADVP now )ADVP )VP )VP )S )ADJP )VP )S , '' (VP says )VP (NP (NP Steven G. *UNKC )NP , (NP (NP chairman )NP (PP of (NP (NP the investment policy committee )NP (PP of (NP Goldman , Sachs & Co )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP Investors )NP (VP should (VP stay (PP with (NP their stocks )NP )PP )VP )VP . )S  STOP
(S (S (NP We )NP (VP expect (NP a (ADJP *UNK and *UNK )ADJP market )NP (PP for (NP a short period )NP )PP )VP )S , but (S (NP we )NP (VP do n't (VP think (SBAR (S (NP it )NP (VP will (VP be (ADJP *UNKLY )ADJP )VP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (NP The *UNK )NP (VP is (ADJP limited )ADJP )VP . '' )S  STOP
(S And (NP (ADVP even )ADVP (NP those )NP (SBAR (WHNP who )WHNP (S (VP say (SBAR (S (NP some *UNK selling )NP (VP may (VP be (PP in (NP order )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )NP (VP stress (SBAR that (S (NP individuals )NP (VP need (S (VP to (VP be (PP in (NP the stock market )NP )PP (S (VP (VP to (VP achieve (NP their long-term investment objectives )NP )VP )VP and (VP to (VP help (S (VP balance (NP their other assets )NP )VP )S )VP )VP )VP )S )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Any selling )NP (PRN , (S (NP they )NP (VP say )VP )S , )PRN (VP should (VP be (UCP (ADJP well *UNK- )ADJP , and (VP executed (ADVP gradually )ADVP , (PP during (NP market rallies )NP )PP )VP )UCP )VP )VP . )S  STOP
(S (NP They )NP (VP offer (NP these suggestions )NP )VP : )S  STOP
(S (VP *UNKC (VP *UNKC (PP OF (NP THE *UNKC )NP )PP )VP )VP . )S  STOP
(SINV `` (S (VP *UNKC (NP (NP stocks )NP (SBAR (SBAR (WHNP that )WHNP (S (VP are n't (VP doing (ADVP well )ADVP (ADVP now )ADVP )VP )VP )S )SBAR , and (SBAR (WHNP that )WHNP (S (VP do n't (VP have (NP good earnings prospects )NP )VP )VP )S )SBAR )SBAR )NP )VP )S , '' (VP says )VP (NP (NP Alfred Goldman )NP , (NP (NP technical analyst )NP (PP at (NP (ADJP St. *UNKED )ADJP *UNKC Edwards & Sons )NP )PP )NP )NP . )SINV  STOP
(S `` (S (NP Most people )NP (VP do (NP just the opposite )NP )VP )S : (S (NP They )NP (VP (VP sell (NP their winners )NP )VP and (VP keep (NP their losers )NP )VP )VP )S . '' )S  STOP
(SBARQ (WHNP (NP Which types )NP (PP of (NP stocks )NP )PP )WHNP (SQ (VP are (ADVP most likely (S (VP to (VP qualify )VP )VP )S )ADVP )VP )SQ ? )SBARQ  STOP
(SINV (FRAG (NP Technology stocks )NP )FRAG , (VP says )VP (NP Mr. Goldman )NP . )SINV  STOP
(S (VP *UNKC (PP *UNKC (NP *UNKC *UNKC )NP )PP )VP . )S  STOP
(SINV (S (NP A company )NP (VP does n't (VP have (S (VP to (VP post (NP a loss )NP )VP )VP )S (S (VP to (VP be (NP (NP a candidate )NP (PP for (NP sale )NP )PP )NP )VP )VP )S )VP )VP )S , (VP says )VP (NP (NP Charles I. *UNKC Jr. )NP , (NP (NP chief market strategist )NP (PP at (NP Merrill Lynch & Co )NP )PP )NP )NP . )SINV  STOP
(S (SBAR If (S (NP earnings )NP (VP do n't (VP live (PRT up )PRT (PP to (NP (NP analysts ' )NP expectations )NP )PP )VP )VP )S )SBAR (PRN , (NP he )NP (VP says )VP , )PRN (NP that )NP (VP 's (ADJP enough (S (VP to (VP dump (NP the stock )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP (NP John *UNKC )NP , (NP (NP director )NP (PP of (NP research )NP )PP (PP for (NP (NP the American Association )NP (PP of (NP Individual Investors )NP )PP )NP )PP )NP , )NP (VP raises (NP a *UNK note )NP )VP . )S  STOP
(S (S `` (S (VP *UNKING (NP (NP a rule )NP (PP of (NP *UNK )NP )PP )NP (PP for (NP your own judgment )NP )PP )VP )S '' (VP can (VP be (NP a mistake )NP )VP )VP )S , (NP he )NP (VP says )VP . )S  STOP
(S (NP An earnings disappointment )NP (VP may (VP reflect (NP (NP a situation )NP (SBAR (WHNP that )WHNP (S (VP 's (ADJP short-term )ADJP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S But (NP Mr. *UNKC )NP (VP says , `` (S (NP The risk )NP (VP is (SBAR that (S (NP earnings disappointments )NP (VP will (VP continue )VP )VP )S )SBAR )VP )S )VP . '' )S  STOP
(S (S (NP The economy )NP (VP is (VP *UNKING (PP after (NP six good years )NP )PP )VP )VP )S , and `` (S (ADVP right now )ADVP (NP (NP it )NP )NP (VP 's (ADJP better )ADJP (S (VP to (VP (VP *UNK (ADVP first )ADVP )VP and (VP ask (NP questions )NP (ADVP later )ADVP )VP )VP )VP )S )VP )S . '' )S  STOP
(SBARQ (WHNP (NP Which types )NP (PP of (NP stocks )NP )PP )WHNP (SQ (ADVP currently )ADVP (VP have (NP the greatest earnings risks )NP )VP )SQ ? )SBARQ  STOP
(S (FRAG (NP (NP Computer companies )NP ; (NP (NP commodity cyclical stocks )NP , (PP like (NP *UNK )NP )PP )NP ; and (NP retailing stocks )NP )NP )FRAG , (NP he )NP (VP says )VP . )S  STOP
(S (VP *UNKC (PP OF (NP *UNKC *UNKC )NP )PP )VP . )S  STOP
(SINV (S (NP (NP The companies )NP (ADJP *UNK (S (VP to (VP run (PP into (NP earnings problems )NP )PP (ADVP *UNK )ADVP )VP )VP )S )ADJP )NP (VP are (NP (NP the ones )NP (PP with (NP heavy debt *UNK )NP )PP )NP )VP )S , (VP says )VP (NP (NP Larry *UNKC )NP , (NP (NP partner )NP (PP in (NP (NP the (NAC San *UNKC , Calif. , )NAC *UNK- firm )NP (PP of (NP *UNKC , *UNKC & Kaiser )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP Mr. *UNKC )NP (PP of (NP Bear Stearns )NP )PP )NP (VP agrees : `` (S (SBAR If (S (NP we )NP (VP do (VP have (NP an economic slowdown )NP )VP )VP )S )SBAR (PRN , '' (S (NP he )NP (VP says )VP )S , )PRN `` (NP (NP companies )NP (PP with (NP high debt *UNK )NP )PP )NP (VP will (VP be (VP dumped (ADVP *UNK *UNK )ADVP )VP )VP )VP )S )VP . '' )S  STOP
(S (S (NP (NP The best course )NP (PP for (NP individual investors )NP )PP )NP (VP is (S (VP to (VP sell (NP these stocks )NP (ADVP now )ADVP )VP )VP )S )VP )S , (NP the two advisers )NP (VP say )VP . )S  STOP
(S (VP *UNKC (NP ` *UNKC ' *UNKC )NP )VP . )S  STOP
(SINV (S (NP (NP (NP (NP UAL Corp. 's )NP difficulty )NP (PP in (S (VP obtaining (NP (NP bank financing )NP (PP for (NP its leveraged buy-out )NP )PP )NP )VP )S )PP )NP and (NP its resulting price plunge )NP )NP (VP is (NP (NP a *UNK- )NP (PP to (SBAR (WHNP what )WHNP (S (VP 's (VP going (S (VP to (VP happen (PP to `` (NP takeover stocks )NP )PP )VP )VP )S )VP )VP )S )SBAR )PP )NP )VP )S , '' (VP says )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S (S (NP Takeover activity )NP (VP will (VP slow (PRT down )PRT (SBAR as (S (NP (ADJP more and more )ADJP banks )NP (VP *UNK (NP their lending requirements )NP )VP )S )SBAR )VP )VP )S , (NP he )NP (VP says )VP . )S  STOP
(S `` (NP There )NP (VP 'll (VP be (NP (ADJP fewer and fewer )ADJP deals )NP )VP )VP . '' )S  STOP
(S (ADVP Moreover )ADVP , (NP many financial advisers )NP (VP say (SBAR (S (NP individuals )NP (VP should (VP be (PP in (NP the stock market )NP )PP (PP (PP as (NP long-term investors )NP )PP , not (PP as (NP (NP traders )NP (VP trying (S (VP to (VP catch (NP the next hot stock )NP )VP )VP )S )VP )NP )PP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (ADJP general )ADJP )PP (PRN , (S (NP they )NP (VP say )VP )S , )PRN (VP avoid (NP takeover stocks )NP )VP . )S  STOP
(S (VP *UNKC (NP *UNKC *UNKC )NP (PP *UNKC (NP *UNKC )NP )PP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP suggests (SBAR that (S (NP investors )NP (VP compare (NP (NP *UNK ratios )NP (PRN -LRB- (NP (NP the price )NP (PP of (NP (NP a share )NP (PP of (NP stock )NP )PP )NP )PP (VP divided (PP by (NP (NP (NP a company 's )NP per-share earnings )NP (PP for (NP a 12-month period )NP )PP )NP )PP )VP )NP -RRB- )PRN )NP (PP with (NP projected growth rates )NP )PP )VP )S )SBAR )VP . )S  STOP
(S `` (S (SBAR If (S (NP you )NP (VP think (SBAR (S (NP earnings )NP (VP will (VP grow (PP at (NP (NP 20 % )NP (NP a year )NP )NP )PP )VP )VP )S )SBAR )VP )S )SBAR , (NP (NP it )NP )NP (VP 's (ADJP all right )ADJP (S (VP to (VP pay (NP (QP 20 times )QP earnings )NP )VP )VP )S )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` But (VP do n't (VP pay (NP (QP 30 times )QP earnings )NP (PP for (NP (NP a company )NP (SBAR (WHNP that )WHNP (S (VP 's (VP expected (S (VP to (VP grow (PP at (NP (NP 15 % )NP (NP a year )NP )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP thinks (SBAR (S (NP the market )NP (VP (VP will (ADVP probably )ADVP (VP go (ADVP higher )ADVP )VP )VP , but `` (VP will (VP be (ADJP *UNK )ADJP (PP with (NP stocks )NP )PP (SBAR if (S (NP the earnings )NP (VP are n't (ADVP there )ADVP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP *UNK (SBAR that (S (NP investors )NP (VP should n't (VP (ADVP *UNKLY )ADVP follow (NP any specific *UNK sell trigger )NP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (SBAR If (S (NP you )NP (VP say (S (VP sell )VP )S (NP (NP *UNK )NP (SBAR (S (NP (NP a company 's )NP *UNK ratio )NP (VP exceeds (NP 15 )NP )VP )S )SBAR )NP )VP )S )SBAR , (NP that )NP (VP *UNK (PRT out )PRT (NP all your growth stocks )NP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (NP You )NP (VP eliminate (NP (NP companies )NP (PP with (NP substantial prospects )NP )PP (SBAR (WHNP that )WHNP (S (VP are (VP moving (ADVP up )ADVP (PP in (NP price )NP )PP )VP )VP )S )SBAR )NP )VP . '' )S  STOP
(S (VP *UNKC (SBAR (WHNP *UNKC )WHNP (S (VP *UNKC (VP *UNKC )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Tom *UNKC )NP , (NP (NP market analyst )NP (PP at (NP *UNKC Edwards & Sons Inc. )NP )PP )NP , )NP (VP says (SBAR (S (NP investors )NP (VP should (VP consider (NP selling )NP (SBAR if (S (NP there )NP (VP has (VP been (NP (NP a fundamental change )NP (PP in (NP a company )NP )PP (SBAR since (S (NP they )NP (VP bought (NP its stock )NP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (VP *UNKC (SBAR (S (NP you )NP (VP purchased (NP a stock )NP (PP because of (NP (NP a new product )NP (SBAR (WHNP that )WHNP (S (VP was (PP in (NP the works )NP )PP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Now )ADVP , (PP because of (NP various difficulties )NP )PP , (NP the product )NP (VP has (VP been (VP scrapped )VP )VP )VP . )S  STOP
(SINV (FRAG (NP (NP Time )NP (SBAR (S (VP to (VP sell )VP )VP )S )SBAR )NP )FRAG , (VP says )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S (ADVP Similarly )ADVP (PRN , (S (NP he )NP (VP says )VP )S , )PRN (VP *UNK (SBAR (S (NP you )NP (VP were (VP attracted (PP to (NP a company )NP )PP (PP because of (NP expectations (SBAR that (S (NP sales )NP (VP would (VP hit (NP (QP $ 200 million )QP )NP (PP by (NP 1990 )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (SBAR If (S (S (NP things )NP (VP have n't (VP worked (PRT out )PRT (ADVP that well )ADVP )VP )VP )S , and (S (NP sales )NP (VP wo n't (VP hit (NP (QP $ 200 million )QP )NP (PP until (NP 1992 )NP )PP )VP )VP )S )S )SBAR , (NP it )NP (VP 's (NP (NP time )NP (SBAR (S (VP to (VP consider (NP selling )NP )VP )VP )S )SBAR )NP )VP )S , (NP he )NP (VP says )VP . )S  STOP
(S (NP USX Corp. )NP (VP declined (NP (NP a United *UNKC request )NP (PP for (NP (NP a *UNKING )NP (PP of (NP (NP its four-year labor contract )NP (SBAR (WHNP that )WHNP (S (VP is (ADJP due (S (VP to (VP expire (NP Jan. 31 , 1991 )NP )VP )VP )S )ADJP )VP )S )SBAR )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The union )NP (PP on (NP Oct. 5 )NP )PP (VP requested (SBAR that (S (NP the contract )NP (VP be (VP *UNKED (S (VP to (VP restore (NP (NP all pay and benefits )NP (SBAR (WHNP that )WHNP (S (NP the union )NP (VP gave (PRT up )PRT (PP in (NP (NP the *UNKN and *UNKN *UNK )NP (PP of (NP bargaining )NP )PP )NP )PP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP A United Steelworkers *UNK )NP (VP said (SBAR (S (NP (NP *UNKC Williams )NP , (NP (NP the union 's )NP president )NP , )NP (VP was (PP out (PP of (NP town )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The union )NP (VP wo n't (VP respond (PP to (NP the USX statement )NP )PP (SBAR until (S (NP Mr. Williams )NP (VP has (VP studied (NP it )NP )VP )VP )S )SBAR )VP )VP )S , (NP the spokesman )NP (VP said )VP . )S  STOP
(S (NP (NP Robert A. *UNKC )NP , (NP (NP (NP chief financial officer )NP and (NP a director )NP )NP (PP of (NP this natural-gas pipeline company )NP )PP )NP , )NP (VP was (VP elected (PP to (NP (NP the additional position )NP (PP of (NP executive vice president )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP (NP Michael W. *UNKC )NP , (NP (NP executive vice president )NP (PP of (NP a Columbia unit )NP )PP )NP , )NP (VP was (VP named (S (NP (NP (NP assistant chief financial officer )NP and (NP a senior vice president )NP )NP (PP of (NP the parent company )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP The appointments )NP (VP take (NP effect )NP (NP Nov. 1 )NP )VP . )S  STOP
(S (NP Both men )NP (VP are (ADJP (NP 44 years )NP old )ADJP )VP . )S  STOP
(S (NP This magazine and book publisher )NP (VP said (SBAR (S (NP three men )NP (VP were (VP elected (S (NP directors )NP )S , (S (VP increasing (NP the board )NP (PP to (NP 10 )NP )PP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP are : (NP (NP (NP James R. *UNKC )NP , (UCP (ADJP (NP 62 years )NP old )ADJP and (NP (NP (NP chairman )NP and (NP chief executive officer )NP )NP (PP of (NP *UNKC International Inc. )NP )PP )NP )UCP )NP ; (NP (NP Robert G. Schwartz )NP , (NP 61 )NP , (NP (NP (NP chairman )NP , (NP president )NP and (NP chief executive officer )NP )NP (PP of (NP Metropolitan Life Insurance Co. )NP )PP )NP )NP , and (NP (NP Walter V. *UNKC )NP , (NP 53 )NP , (NP (NP (NP chairman )NP and (NP chief executive officer )NP )NP (PP of (NP Chemical Banking Corp )NP )PP )NP )NP )NP )VP . )S  STOP
(S (NP BankAmerica Corp. )NP (VP reported (NP (NP a (ADJP 34 % )ADJP jump )NP (PP in (NP third-quarter earnings )NP )PP )NP , (SBAR as (S (NP (NP its *UNK- recovery )NP (PP from (NP (NP (ADJP nearly *UNK )ADJP losses )NP (ADVP (NP several years )NP ago )ADVP )NP )PP )NP (VP continued (S (VP to (VP be (VP fueled (PP by (NP (NP (NP growth )NP (PP in (NP consumer loans )NP )PP )NP , (NP higher interest margins )NP and (NP *UNK loan losses )NP )NP )PP )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP the quarter )NP )PP , (NP BankAmerica )NP (VP said (SBAR (S (NP it )NP (VP earned (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP (PP compared (PP with (NP (NP (QP $ 190 million )QP )NP , or (NP (NP 97 cents )NP (NP a share )NP )NP , )NP (ADVP (NP a year )NP earlier )ADVP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP BankAmerica *UNK )NP (VP said (SBAR (S (NP preliminary reports )NP (VP indicate (SBAR (S (NP the company )NP (VP was n't (VP (ADVP *UNKLY )ADVP affected (PP by (NP the Tuesday earthquake )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (QP All but eight )QP )NP (PP of (NP the 850 branches )NP )PP , (SBAR (WHNP which )WHNP (S (VP had (NP some structural damage )NP )VP )S )SBAR , )NP (VP *UNKED (NP yesterday )NP (PP for (NP business )NP )PP )VP . )S  STOP
(S (S (NP *UNKED *UNK machine operations )NP (ADVP also )ADVP (VP were (UCP (ADVP up )ADVP and (VP operating )VP )UCP (NP yesterday )NP )VP )S , (NP a bank spokesman )NP (VP said )VP . )S  STOP
(S (S (PP For (NP (NP the first time )NP (PP in (NP (QP nearly two )QP years )NP )PP )NP )PP , (NP BankAmerica results )NP (VP failed (S (VP to (VP improve (PP in (NP consecutive quarters )NP )PP )VP )VP )S )VP )S , but (S (NP (NP the decline )NP (PP from (NP the second quarter )NP )PP )NP (VP was (ADJP *UNK (PP to (NP special factors )NP )PP )ADJP )VP )S . )S  STOP
(S (NP Third-quarter profit )NP (VP was (PP (NP 16 % )NP below (NP (NP the (NX (NX (QP $ *UNKN million )QP )NX , or (NX (NX $ 1.50 )NX (NP a share )NP )NX , )NX )NP (VP earned (PP in (NP the 1989 second quarter )NP )PP )VP )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP cited (NP (NP (NP higher tax credits )NP (PP in (NP the second quarter )NP )PP )NP , (VP totaling (NP (NP (QP $ 63 million )QP )NP , (PP compared (PP with (NP (NP (QP $ 28 million )QP )NP (PP in (NP the third quarter )NP )PP )NP )PP )PP )NP )VP )NP )VP . )S  STOP
(S (PP Excluding (NP tax credits )NP )PP , (NP profit )NP (VP was (PP (NP 6 % )NP below (NP the second quarter )NP )PP )VP . )S  STOP
(S But (NP that drop )NP (VP was (VP caused (ADVP entirely )ADVP (PP by (NP (NP a decline )NP (PP in (NP (NP Brazilian interest )NP (VP paid )VP )NP )PP , (PP to (NP (QP $ 5 million )QP )NP )PP (PP from (NP (NP (QP $ 54 million )QP )NP (NP the second quarter )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP BankAmerica )NP (VP continued (S (VP to (VP build (NP (NP its reserve )NP (PP against (NP troubled foreign loans )NP )PP )NP )VP )VP )S (PP by (S (VP boosting (NP its loan-loss provision )NP (PP to (NP (NP (QP $ 170 million )QP )NP , (UCP (NP (NP about the same )NP (PP as (NP the previous quarter )NP )PP )NP but (PP well above (NP (NP the (QP $ 100 million )QP )NP (PP in (NP the year-earlier quarter )NP )PP )NP )PP )UCP )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP The provision rate )NP (VP was (PP far above (NP (NP (NP BankAmerica 's )NP actual net credit losses )NP (PP of (NP (NP (QP $ 24 million )QP )NP (PP in (NP the third quarter )NP )PP , (PP compared (PP with (NP (NP (NP (QP $ 18 million )QP )NP (PP in (NP the second period )NP )PP )NP and (NP (NP (QP $ 38 million )QP )NP (ADVP (NP a year )NP earlier )ADVP )NP )NP )PP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (PP As (NP a result )NP )PP , (NP BankAmerica )NP (VP said (SBAR (S (NP (NP its reserve )NP (PP against (NP troubled *UNK- loans )NP )PP , (PP once below (NP 25 % )NP )PP , )NP (ADVP now )ADVP (VP amounts (PP to (NP (NP 45 % )NP (PP of (NP (NP the (QP $ 6.4 billion )QP )NP (PP of (NP *UNK- debt )NP )PP (SBAR (S (NP it )NP (VP *UNK (SBAR (S (NP it )NP (VP is (VP owed (PP by (NP those nations )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP That level )NP (VP is (UCP (NP (NP about the same )NP (PP as (NP some other big banks )NP )PP )NP , but (PP far below (NP (NP the (ADJP (ADJP 85 % )ADJP and (ADJP 100 % )ADJP )ADJP reserves )NP (PP of (NP (NP (NP Bankers Trust New York Corp. )NP and (NP *UNKC Morgan & Co. )NP )NP , (ADVP respectively )ADVP )NP )PP )NP )PP )UCP )VP . )S  STOP
(S (PP By (NP any measure )NP )PP , (NP third-quarter earnings )NP (VP were (ADVP still )ADVP (ADJP robust )ADJP , (S (ADJP equivalent (PP to (NP (NP a (ADJP *UNKN % )ADJP return )NP (PP on (NP assets )NP )PP (S (VP (ADVP even )ADVP excluding (NP tax credits )NP )VP )S )NP )PP )ADJP )S )VP . )S  STOP
(S (PP By (NP (NP that key measure )NP (PP of (NP operating efficiency )NP )PP )NP )PP , (NP BankAmerica )NP (VP turned (PRT in )PRT (NP (NP a better performance )NP (PP than (NP (NP its *UNKED Los Angeles-based competitor )NP , (NP Security Pacific Corp. )NP , (SBAR (WHNP which )WHNP (S (VP posted (NP a (ADJP *UNKN % )ADJP return )NP (PP in (NP the third quarter )NP )PP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S But (NP it )NP (VP continued (S (VP to (VP (ADVP badly )ADVP trail (NP (NP its San Francisco neighbor )NP , (NP Wells Fargo & Co. )NP , (SBAR (WHNP which )WHNP (S (VP reported (NP (NP an extraordinary (ADJP 1.25 % )ADJP return )NP (PP on (NP assets )NP )PP )NP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (NP Both returns )NP (VP do n't (VP include (NP any tax credits )NP )VP )VP . )S  STOP
(SINV `` (S (NP (NP They )NP (PRN -LCB- (NP BankAmerica )NP -RCB- )PRN )NP (VP continue (S (VP to (VP show (NP good performance )NP )VP )VP )S )VP )S , '' (VP said )VP (NP (NP Donald K. *UNKC )NP , (NP (NP an analyst )NP (PP with (NP (NP *UNKC , *UNKC & *UNKC Inc. )NP , (NP San Francisco )NP )NP )PP )NP )NP . )SINV  STOP
(S (PP In (NP composite trading )NP )PP (NP yesterday )NP (PP on (NP the New York Stock Exchange )NP )PP , (NP BankAmerica common stock )NP (VP edged (ADVP up (NP 12.5 cents )NP )ADVP (S (VP to (VP close (PP at (NP (NP $ 32 )NP (NP a share )NP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC equity )NP (VP improved (PP to (NP *UNKN % )NP )PP (PP from (NP *UNKN % )NP (PP in (NP the previous quarter )NP )PP )PP )VP . )S  STOP
(S (S (NP (NP The (ADJP *UNKN % )ADJP net interest margin )NP , or (NP (NP the difference )NP (PP between (NP (NP (NP the yield )NP (PP on (NP (NP a bank 's )NP investments )NP )PP )NP and (NP (NP the rate )NP (SBAR (S (NP it )NP (VP pays (PP for (NP (NP deposits )NP and (NP other borrowings )NP )NP )PP )VP )S )SBAR )NP )NP )PP )NP , )NP (VP (VP was (ADVP still )ADVP (ADJP (ADJP *UNKLY higher )ADJP (PP than (NP (NP the (ADJP *UNKN % )ADJP ratio )NP (ADVP (NP a year )NP earlier )ADVP )NP )PP )ADJP )VP , and (VP is (PP among (NP (NP the best )NP (PP in (NP the industry )NP )PP )NP )PP )VP )VP )S , (NP analysts )NP (VP said )VP . )S  STOP
(S (NP The high margin )NP (VP (ADVP partly )ADVP stems (PP from (NP (NP continued strong growth )NP (PP in (NP (NP (NP *UNKING consumer loans )NP , (SBAR (WHNP which )WHNP (S (VP jumped (NP 31 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (ADVP (NP a year )NP earlier )ADVP )PP )VP )S )SBAR , )NP and (NP (NP residential mortgages )NP , (SBAR (WHNP which )WHNP (S (VP rose (NP 25 % )NP (PP to (NP (QP $ 12 billion )QP )NP )PP )VP )S )SBAR )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP BankAmerica 's )NP total loans )NP (VP rose (NP 8 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP BankAmerica profit )NP (VP soared (NP 81 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )VP . )S  STOP
(S (S (NP International Business Machines Corp. )NP (VP will (VP announce (PP on (NP Tuesday )NP )PP (NP (NP a *UNK )NP (PP of (NP software products )NP )PP (VP aimed (PP at (S (VP eliminating (NP (NP some )NP (PP of (NP (NP the major problems )NP (ADJP involved (PP in (S (VP *UNKING (NP manufacturing operations )NP )VP )S )PP )ADJP )NP )PP )NP )VP )S )PP )VP )NP )VP )VP )S , (NP industry executives )NP (VP said )VP . )S  STOP
(S (NP Many plant floors )NP (ADVP currently )ADVP (VP *UNK (NP (NP a Tower )NP (PP of (NP *UNKC )NP )PP )NP , (PP with (NP (NP (NP computers )NP , (NP *UNK )NP and (NP machine tools )NP )NP (SBAR (WHNP that )WHNP (S (ADVP generally )ADVP (VP (VP speak (NP their own language )NP )VP and (VP have (NP (NP trouble )NP (S (VP talking (PP to (NP each other )NP )PP )VP )S )NP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP As (NP a result )NP )PP , (SBAR if (S (NP a problem )NP (VP develops (PP on (NP a production line )NP )PP )VP )S )SBAR , (NP (NP it )NP )NP (VP is (ADJP unlikely )ADJP (SBAR (S (NP (NP some supervisor )NP (VP sitting (PP in (NP (NP front )NP (PP of (NP a (NX (NX personal computer )NX or (NX workstation )NX )NX )NP )PP )NP )PP )VP )NP (VP will (VP (VP know (PP about (NP it )NP )PP )VP or (VP be (ADJP able (S (VP to (VP correct (NP it )NP )VP )VP )S )ADJP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S So (NP IBM )NP (VP will (VP be (VP announcing (NP (NP (QP more than 50 )QP products )NP (SBAR (WHNP that )WHNP (S (VP will (VP be (VP aimed (PP at (S (VP letting (S (NP even the *UNK machine tool )NP (VP talk (PP to (NP (NP the *UNK mainframe )NP , or (NP (NP anything )NP (PP in (PP between )PP )PP )NP )NP )PP )VP )S )VP )S )PP )VP )VP )VP )S )SBAR )NP )VP )VP )VP . )S  STOP
(S (PP In (NP (NP an unusual display )NP (PP of (NP *UNK )NP )PP )NP )PP , (NP IBM )NP (ADVP also )ADVP (VP will (VP be (VP helping (S (NP customers )NP (VP tie (ADVP together )ADVP (NP (NP operations )NP (SBAR (WHNP that )WHNP (S (VP include (NP (NP lots )NP (PP of (NP (NP equipment )NP (VP made (PP by (NP (NP IBM 's )NP competitors )NP )PP )VP )NP )PP )NP )VP )S )SBAR )NP )VP )S )VP )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP the executives )NP (VP said (SBAR (S (NP IBM )NP (VP will (VP be (VP offering (NP (NP programming tools )NP (VP designed (S (VP to (VP let (S (NP (NP anyone )NP (VP working (PP on (NP a factory floor )NP )PP )VP )NP (VP write (NP (NP *UNK- software )NP , (PP for (NP instance )NP )PP , (SBAR (S (VP to (VP do (NP (NP statistical analysis )NP (SBAR (WHNP that )WHNP (S (VP would (VP *UNK (NP a problem )NP (PP on (NP a manufacturing line )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP )S )VP )VP )S )VP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP Armonk )NP , (NP N.Y. )NP , )NP )PP (NP an IBM spokeswoman )NP (VP (VP confirmed (SBAR that (S (NP IBM executives )NP (VP will (VP be (VP announcing (NP some *UNKING plans )NP (NP next week )NP )VP )VP )VP )S )SBAR )VP but (VP declined (S (VP to (VP elaborate )VP )VP )S )VP )VP . )S  STOP
(S (NP The industry executives )NP (VP said (SBAR that (S (PRN , (PP as (ADJP usual (PP with (NP (NP such broad announcements )NP (PP from (NP IBM )NP )PP )NP )PP )ADJP )PP , )PRN (NP this one )NP (VP will (VP be (NP (NP part reality )NP and (NP part strategy )NP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S So (S (NP (NP it )NP )NP (VP will (VP take (NP many quarters )NP (SBAR for (S (NP IBM )NP (VP to (VP roll (PRT out )PRT (NP (NP all the products )NP (SBAR (WHNP that )WHNP (S (NP customers )NP (VP need )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )VP )S , and (S (NP (NP it )NP )NP (VP will (VP take (NP years )NP (SBAR for (S (NP customers )NP (VP to (VP *UNK (NP the products )NP (PP into (NP their operations )NP )PP )VP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (ADVP Also )ADVP (PP as (ADJP usual )ADJP )PP , (NP the products )NP (VP will (VP appeal (ADVP mostly )ADVP (PP to (NP (NP heavy users )NP (PP of (NP IBM equipment )NP )PP )NP )PP , (ADVP (ADVP at least )ADVP initially )ADVP )VP )VP . )S  STOP
(S (ADVP Still )ADVP , (NP (NP consultants )NP and (NP industry executives )NP )NP (VP said (SBAR (S (NP the products )NP (VP could (VP (VP help (S (VP make (S (NP manufacturing operations )NP (ADJP more efficient )ADJP )S )VP )S )VP , and (VP provide (NP a boost )NP (PP to (NP (NP the *UNKING market )NP -- (NP (NP a market )NP (SBAR (WHNP that )WHNP (S (NP (NP *UNKC Group )NP , (NP a research firm )NP , )NP (VP has (VP said (SBAR (S (VP may (VP double (PP to (NP (QP $ 40 billion )QP )NP )PP (PP by (NP 1993 )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP This )NP (VP is (NP (NP a step )NP (PP in (NP the right direction )NP )PP )NP )VP )S , '' (VP said )VP (NP (NP Martin *UNKC )NP , (NP a *UNKC Group analyst )NP )NP . )SINV  STOP
(S (NP He )NP (VP added , (ADVP though )ADVP , (SBAR that `` (S (NP (NP a lot )NP (PP of (NP this )NP )PP )NP (VP is (NP intentions )NP )VP )S )SBAR )VP ... . )S  STOP
(S (NP We )NP (VP 'll (VP have (S (VP to (VP (VP wait )VP and (VP see '' (SBAR (WHADVP how )WHADVP (S (NP the plan )NP (VP develops )VP )S )SBAR )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP The announcements )NP (ADVP also )ADVP (VP should (VP help (S (NP IBM )NP (VP go (PP on (NP the offensive )NP )PP (PP against (NP Digital Equipment Corp. )NP )PP (PP on (NP the plant floor )NP )PP )VP )S )VP )VP . )S  STOP
(S (SBAR While (S (NP IBM )NP (VP (VP has (ADVP traditionally )ADVP (VP dominated (NP (NP the market )NP (PP for (NP computers )NP )PP )NP (PP on (NP (NP the business side )NP (PP of (NP manufacturing operations )NP )PP )NP )PP )VP )VP and (VP has (VP done (ADVP well )ADVP (PP in (NP (NP the market )NP (PP for (NP design tools )NP )PP )NP )PP )VP )VP )VP )S )SBAR , (NP Digital )NP (VP has (VP dominated (NP computerized manufacturing )NP )VP )VP . )S  STOP
(S (NP Hewlett-Packard Co. )NP (ADVP also )ADVP (VP has (VP begun (S (VP to (VP gain (NP share )NP )VP )VP )S (PP in (NP the whole *UNKING arena )NP )PP )VP )VP . )S  STOP
(S (NP IBM )NP (VP will (VP face (NP (NP an *UNK climb )NP (PP against (NP Digital )NP )PP )NP , (PP given (NP (NP (NP Digital 's )NP reputation )NP (PP for (S (VP being (ADJP (ADJP better )ADJP (PP than (NP IBM )NP )PP (PP at (S (VP *UNKING (ADVP together )ADVP (NP (NP different manufacturers ' )NP computers )NP )VP )S )PP )ADJP )VP )S )PP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP Hewlett-Packard )NP , (SBAR while (FRAG (NP a (ADJP much smaller )ADJP player )NP )FRAG )SBAR , (VP has (VP made (NP (NP a big commitment )NP (PP to (NP (NP the sorts )NP (PP of (NP industry standards )NP )PP (SBAR (WHNP that )WHNP (S (VP *UNK (NP those *UNK )NP )VP )S )SBAR )NP )PP )NP )VP and (VP could (VP give (NP IBM )NP (NP some problems )NP )VP )VP )VP . )S  STOP
(S (S (NP Both )NP (VP can (VP be (VP expected (S (VP to (VP go (PP after (NP the market )NP )PP (ADVP aggressively )ADVP )VP )VP )S )VP )VP )VP )S : (S (NP (NP *UNKC Group Inc. )NP , (NP a research firm )NP , )NP (VP estimated (SBAR (S (S (NP the Digital )NP (VP gets (NP (NP 30 % )NP (PP of (NP its revenue )NP )PP )NP (PP from (NP the manufacturing market )NP )PP )VP )S , and (S (NP Hewlett-Packard )NP (VP gets (NP 50 % )NP )VP )S )S )SBAR )VP )S . )S  STOP
(S (NP (NP IBM )NP , (SBAR (WHNP which )WHNP (S (NP *UNKC Group )NP (VP said (SBAR (S (VP generates (NP (NP 22 % )NP (PP of (NP its revenue )NP )PP )NP (PP in (NP this market )NP )PP )VP )S )SBAR )VP )S )SBAR , )NP (VP should (VP be (ADJP able (S (VP to (VP take (NP advantage )NP (PP of (NP (NP its loyal following )NP (PP among (NP (NP buyers )NP (PP of (NP equipment )NP )PP )NP )PP )NP )PP )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (NP That )NP (VP is (SBAR because (S (S (NP many companies )NP (VP will (VP *UNK (PP on (NP (NP certain types )NP (PP of (NP equipment )NP )PP )NP )PP (SBAR as (S (NP (NP the various parts )NP (PP of (NP the manufacturing market )NP )PP )NP (VP merge )VP )S )SBAR )VP )VP )S , and (S (NP IBM )NP (VP is (NP the biggest player )NP )VP )S )S )SBAR )VP . )S  STOP
(S But (NP much )NP (VP will (VP depend (PP on (SBAR (WHADVP how quickly )WHADVP (S (NP IBM )NP (VP can (VP move )VP )VP )S )SBAR )PP )VP )VP . )S  STOP
(S (NP (NP The whole idea )NP (PP of (NP (NP *UNKED manufacturing )NP , (NP *UNKC )NP , )NP )PP )NP (VP seems (S (VP to (VP be (VP making (NP a comeback )NP )VP )VP )VP )S (PP after (S (VP losing (NP a little *UNK )NP (PP over (NP (NP the past couple )NP (PP of (NP years )NP )PP (SBAR (WHADVP when )WHADVP (S (NP (NP it )NP )NP (VP became (ADJP apparent )ADJP (SBAR that (S (NP it )NP (VP was n't (NP (NP a *UNK )NP (SBAR (WHNP that )WHNP (S (VP would (VP (VP make (S (NP U.S. plants )NP (ADJP more efficient )ADJP )S )VP and (VP *UNK (NP foreign competition )NP )VP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )S )PP )VP . )S  STOP
(S (S (NP (NP *UNKC *UNKC )NP , (NP a *UNKC Group analyst )NP , )NP (VP said (SBAR (S (NP *UNK changes )NP (VP may (ADVP still )ADVP (VP be (VP required (S (VP to (VP (ADVP really )ADVP take (NP (NP advantage )NP (PP of (NP (NP *UNKC 's )NP *UNK )NP )PP )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP )S -- (S (NP (NP someone )NP (PP on (NP the shop floor )NP )PP )NP (VP (VP may not (VP like (S (VP having (S (NP someone )NP (PP in (NP an office )NP )PP (VP using (NP a personal computer )NP (S (VP to (VP look (PP over (NP his shoulder )NP )PP )VP )VP )S )VP )S )VP )S , (PP for (NP instance )NP )PP , )VP )VP and (VP may (VP be (ADJP able (S (VP to (VP prevent (NP that )NP (PP from (NP happening )NP )PP )VP )VP )S )ADJP )VP )VP )VP )S . )S  STOP
(S But (NP he )NP (VP said (SBAR (S (NP (NP a system )NP (PP such as (NP IBM 's )NP )PP )NP (VP should (VP help (ADVP significantly )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (S (VP making (NP polyethylene sheets )NP (ADVP out (PP of (NP plastic chips )NP )PP )ADVP )VP )S )PP , (PP for (NP instance )NP )PP , (NP a chip )NP (ADVP sometimes )ADVP (VP (VP does n't (VP *UNK )VP )VP , (VP gets (VP caught (PP in (NP the machinery )NP )PP )VP )VP and (VP creates (NP (NP a run )NP (PP in (NP the sheets )NP )PP )NP )VP )VP . )S  STOP
(S (NP That )NP (VP can (VP be (ADJP expensive )ADJP , (SBAR because (S (S (NP the problem )NP (VP may not (VP be (VP noticed (PP for (NP a while )NP )PP )VP )VP )VP )S , and (S (NP the sheets )NP (VP are (ADVP typically )ADVP (VP thrown (ADVP away )ADVP )VP )VP )S )S )SBAR )VP )VP . )S  STOP
(S But (NP Mr. *UNKC )NP (VP said (SBAR that , (S (SBAR if (S (NP computers )NP (VP can (VP be (VP integrated (PP into (NP the process )NP )PP )VP )VP )VP )S )SBAR , (NP they )NP (VP could (VP alert (NP an operator )NP (ADVP (ADVP as soon )ADVP (SBAR as (S (NP the problem )NP (VP occurred )VP )S )SBAR )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP could (ADVP also )ADVP (VP check (PP through (NP (NP the orders )NP (PP on (NP file )NP )PP )NP )PP (S (VP to (VP find (NP (NP a customer )NP (SBAR (WHNP that )WHNP (S (VP was (ADJP willing (S (VP to (VP accept (NP (NP a lower *UNK )NP (PP of (NP polyethylene )NP )PP )NP )VP )VP )S )ADJP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP The computer )NP (VP would (VP let (S (NP the machine )NP (VP run )VP )S (SBAR just until (S (NP that order )NP (VP was (VP filled )VP )VP )S )SBAR , (S (VP eliminating (NP waste )NP )VP )S )VP )VP . )S  STOP
(S (NP (NP This sort )NP (PP of (NP improved link )NP )PP )NP (VP figures (S (VP to (ADVP eventually )ADVP (VP become (NP (NP a significant weapon )NP (PP for (NP some companies )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP Companies )NP (VP might (VP be (ADJP able (S (VP to (VP tell (NP salespeople )NP (ADVP daily )ADVP , (PP for (NP instance )NP )PP , (PP about (NP idle equipment )NP )PP , (SBAR so (S (NP they )NP (VP could (VP offer (NP (NP discounts )NP (PP on (SBAR (WHNP whatever )WHNP (S (NP that equipment )NP (VP produces )VP )S )SBAR )PP )NP )VP )VP )S )SBAR )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (NP *UNKC )NP (ADVP also )ADVP (VP could (VP get (NP (NP a precise reading )NP (PP on (SBAR (WHADVP when )WHADVP (S (NP products )NP (VP could (VP be (VP delivered )VP )VP )VP )S )SBAR )PP )NP -- (PP in (NP (NP much the same way )NP (SBAR (WHADVP that )WHADVP (S (NP Federal Express )NP (VP has (VP marketed (NP its ability (S (VP to (VP tell (SBAR (WHADVP exactly where )WHADVP (S (NP a package )NP (VP is (PP in (NP the delivery system )NP )PP )VP )S )SBAR )VP )VP )S )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP (NP Ford Motor Co. 's )NP Merkur )NP , (NP (NP (NP the company 's )NP first new car franchise )NP (PP in (NP the U.S. )NP )PP (SBAR since (S (NP the *UNKC )NP (VP was (VP unveiled (PP in (NP *UNKN )NP )PP )VP )VP )S )SBAR )NP , )NP (ADVP now )ADVP (VP will (VP share (NP (NP *UNKC 's )NP fate )NP )VP )VP . )S  STOP
(S (NP Ford )NP (VP said (NP yesterday )NP (SBAR (S (NP it )NP (VP will (VP halt (NP (NP imports )NP (PP of (NP (NP the Merkur *UNKC )NP , (NP (NP a (ADJP $ *UNKN )ADJP luxury sedan )NP (VP built (PP by (NP (NP Ford )NP (PP of (NP Europe )NP )PP )NP )PP (PP in (NP West Germany )NP )PP )VP )NP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The cars )NP (VP are (VP sold (PP under (NP (NP a separate franchise )NP (PP with (NP (NP its own sign )NP (PP in (NP (NP front )NP (PP of (NP *UNKC dealers )NP )PP )NP )PP )NP )PP )NP )PP -- (SBAR as (S (VP opposed (PP to (NP (NP (NP new models )NP (PP such as (NP *UNKC or *UNKC )NP )PP )NP , (SBAR (WHNP which )WHNP (S (VP are (VP sold (PP under (NP existing Ford divisions )NP )PP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP The move (S (VP to (VP halt (NP imports )NP )VP )VP )S )NP (PRN -- (VP announced (SBAR (NP (NP (NP 29 years )NP and (NP 11 months )NP )NP (PP to (NP the day )NP )PP )NP after (S (NP Henry Ford II )NP (VP declared (SBAR that (S (NP (NP the *UNKC division )NP and (NP its *UNK car )NP )NP (VP would (VP be (VP scrapped )VP )VP )VP )S )SBAR )VP )S )SBAR )VP -- )PRN )NP (VP *UNK (NP the *UNK- Merkur brand )NP (PP in (NP the U.S. market )NP )PP )VP . )S  STOP
(S (NP It )NP (VP will (VP continue (S (VP to (VP be (VP sold (PP in (NP the European market )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Merkur 's )NP death )NP (VP is n't (ADJP (ADJP nearly as costly )ADJP (PP to (NP Ford )NP )PP (SBAR as (SINV (VP was )VP (NP the *UNKC debacle )NP )SINV )SBAR )ADJP , (SBAR because (S (NP Merkur )NP (VP was (NP (NP a (ADJP relatively *UNK- )ADJP project )NP (PP with (NP limited sales goals )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Still )ADVP , (NP (NP Merkur 's )NP demise )NP (VP is (NP a setback )NP (PP for (NP Ford )NP )PP (PP at (NP (NP a time )NP (SBAR (WHADVP when )WHADVP (S (NP (NP (NP the company 's )NP image )NP (PP as (NP (NP the U.S. auto maker )NP (PP with (NP the golden touch )NP )PP )NP )PP )NP (VP is (VP showing (NP (NP signs )NP (PP of (NP strain )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (S (NP (NP The No. 2 auto maker 's )NP new *UNKC and Mercury *UNKC models )NP (VP have n't (VP met (NP sales expectations )NP (PP in (NP (NP the year )NP (SBAR since (S (NP they )NP (VP were (VP introduced )VP )VP )S )SBAR )NP )PP )VP )VP )S , and (S (NP (NP Ford 's )NP trucks )NP (VP are (VP losing (NP ground )NP (PP to (NP their GM rivals )NP )PP )VP )VP )S . )S  STOP
(S (NP This fall )NP , (NP Ford )NP (VP introduced (NP (NP (QP only one )QP new product )NP : (NP (NP A *UNKED version )NP (PP of (NP its *UNKING Lincoln Town Car luxury model )NP )PP )NP )NP )VP . )S  STOP
(S (NP (NP The demise )NP (PP of (NP (NP Merkur )NP (PRN -LRB- (VP *UNKED (NP *UNK- )NP )VP -RRB- )PRN )NP )PP )NP (VP comes (PP after (NP (NP a September )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP *UNKN Merkur dealers )NP (VP managed (S (VP to (VP sell (NP (QP only 93 )QP *UNKC )NP )VP )VP )S )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP Total Merkur sales )NP (PP for (NP the first nine months )NP )PP )NP (VP dropped (NP 46 % )NP (PP from (ADVP (NP a year )NP ago )ADVP )PP (PP to (NP (QP just *UNKN )QP cars )NP )PP )VP . )S  STOP
(S (NP Merkur )NP (VP is n't (NP (NP the only European luxury brand )NP (VP having (NP problems )NP (PP in (NP the U.S. )NP )PP )VP )NP )VP . )S  STOP
(S (NP (NP The Japanese *UNK )NP (PP on (NP the luxury market )NP )PP )NP (VP is (VP (ADVP rapidly )ADVP *UNKING (NP (NP such European makes )NP (PP as (NP (NP *UNKC and Saab )NP , (SBAR (WHNP which )WHNP (S (ADVP at least )ADVP (VP have (NP clear brand images )NP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP Merkur )NP , (PP as (NP (NP an import )NP (PP on (NP domestic car lots )NP )PP )NP )PP , (VP suffered (PP from (NP (NP the same sort )NP (PP of (NP (NP image confusion )NP (SBAR (WHNP that )WHNP (S (VP is (VP *UNKING (NP (NP sales )NP (PP of (NP imports )NP )PP )NP (PP at (NP (NP General Motors Corp. )NP and (NP Chrysler Corp )NP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP Merkur )NP (VP was (ADVP originally )ADVP (VP aimed (PP at (S (VP *UNKING (PP into (NP *UNKC dealerships )NP )PP (NP (NP the kind )NP (PP of (NP young , affluent buyers )NP )PP (SBAR (WHNP who )WHNP (S (VP would n't (VP be (VP caught (S (ADJP dead )ADJP )S (PP in (NP (NP a Town Car )NP -- )NP (NP (NP a vehicle )NP (ADJP (ADJP so *UNK )ADJP (SBAR that (S (NP Ford )NP (VP is (VP *UNKING (NP (NP a press event )NP )NP (NP next month )NP (VP linking (NP (NP the Town Car 's )NP launch )NP (PP to (NP (NP the *UNKING )NP (PP of (NP a new aircraft carrier )NP )PP (PP in (NP (NP Norfolk )NP , (NP Va )NP )NP )PP )NP )PP )VP )VP )VP )S )SBAR )ADJP )NP )PP )VP )VP )VP )S )SBAR )NP )VP )S )PP )VP )VP . )S  STOP
(S But (NP the brand )NP (VP had (NP trouble )NP (PP from (NP the start )NP )PP )VP . )S  STOP
(S (NP (NP The first Merkur )NP , (NP the *UNKC )NP , )NP (VP went (PP on (NP sale )NP )PP (PP in (NP early 1985 )NP )PP )VP . )S  STOP
(S (NP The *UNK *UNK )NP (VP *UNKED (SBAR (PP in (NP part )NP )PP because (S (NP American buyers )NP (VP did n't (VP go (PP for (NP (NP the car 's )NP unusual *UNKING *UNK *UNK )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP May 1987 )NP )PP , (NP Ford )NP (VP began (S (VP *UNKING (NP (NP the *UNKC sedan )NP )NP (PP from (NP West Germany )NP )PP (SBAR (S (VP to (VP sell (ADVP next (PP to (NP a *UNKED *UNKC )NP )PP )ADVP (PP in (NP *UNK )NP )PP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (S (NP Ford officials )NP (VP said (SBAR (S (NP they )NP (VP expected (SBAR (S (NP the two *UNKC )NP (VP would (VP sell (NP (NP (QP about 15,000 )QP cars )NP (NP a year )NP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP )S , and (S (PP in (NP 1988 )NP )PP (NP they )NP (VP reached (NP that goal )NP , (SBAR as (S (NP sales )NP (VP hit (NP *UNKN cars )NP )VP )S )SBAR )VP )S . )S  STOP
(S (NP It )NP (VP was (ADVP *UNK )ADVP (PP from (NP there )NP )PP , (ADVP however )ADVP )VP . )S  STOP
(S (NP One major factor )NP (VP was (NP (NP the decline )NP (PP of (NP the dollar )NP )PP (PP against (NP the mark )NP )PP , (SBAR (WHNP which )WHNP (S (VP began (PP (NP (QP less than a )QP year )NP after (NP (NP Merkur 's )NP 1985 launch )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(SINV (SBAR As (S (NP the West German currency )NP (VP rose )VP )S )SBAR , (ADVP so )ADVP (VP did )VP (NP Merkur prices )NP . )SINV  STOP
(S (S (NP The Merkur cars )NP (ADVP also )ADVP (VP suffered (PP from (NP *UNK quality )NP )PP )VP )S , (NP some dealers )NP (VP say )VP . )S  STOP
(SINV `` (S (NP It )NP (VP was (PP like (NP (NP a comedy )NP (PP of (NP errors )NP )PP )NP )PP )VP )S , '' (VP says )VP (NP (NP Martin J. `` *UNKC '' *UNKC )NP , (NP (NP a big dealer )NP (SBAR (WHNP (WHNP whose Star *UNKC operation )WHNP (PP in (NP (NP *UNKC )NP , (NP Mich. )NP , )NP )PP )WHNP (S (VP sold (NP (NP more *UNKC 's )NP (PP than (NP any other dealership )NP )PP )NP )VP )S )SBAR )NP )NP . )SINV  STOP
(S (S But (PP by (NP (NP the third quarter )NP (PP of (NP 1988 )NP )PP )NP )PP , (NP *UNKC )NP (VP had (NP a high satisfaction rating )NP (PP in (NP internal Ford studies )NP )PP )VP )S , (NP a spokesman )NP (VP said )VP . )S  STOP
(S (ADVP Apparently )ADVP , (ADVP however )ADVP , (NP the improvement )NP (VP came (ADVP too late )ADVP )VP . )S  STOP
(S (NP Last fall )NP , (NP Ford )NP (VP announced (SBAR (S (NP it )NP (VP would (VP *UNK (NP the *UNKC )NP (PP in (NP the U.S. )NP )PP (PP at (NP (NP the end )NP (PP of (NP the 1989 model year )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Ford )NP (VP said (ADVP then )ADVP (SBAR (S (NP it )NP (VP would (VP keep (NP the *UNKC )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP This year )NP , (NP *UNKC sales )NP (VP plummeted )VP )S , and (S (PP at (NP the current sales pace )NP )PP (NP (NP it )NP )NP (VP would (VP take (NP Ford )NP (NP *UNKN days )NP (S (VP to (VP sell (PRT off )PRT (NP (NP the current Scorpio inventory )NP (PP of (NP (QP about *UNKN )QP cars )NP )PP )NP )VP )VP )S )VP )VP )S . )S  STOP
(S (NP Canadian Pacific Ltd. )NP (VP said (SBAR (S (NP it )NP (VP proposed (S (VP acquiring (NP (NP the 44 % )NP (PP of (NP *UNKC Line Corp. )NP )PP (SBAR (S (NP it )NP (VP does n't (ADVP already )ADVP (VP own )VP )VP )S )SBAR )NP (PP for (NP (NP (NP $ *UNKN )NP (NP a share )NP )NP , or (NP (QP about $ *UNKN million )QP )NP )NP )PP )VP )S , (PP after (S (VP failing (S (VP to (VP find (NP (NP a buyer )NP (PP for (NP its majority stake )NP )PP )NP )VP )VP )S (NP earlier this year )NP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Line )NP (VP said (SBAR (S (NP its board )NP (VP appointed (NP (NP a special committee )NP (PP of (NP independent directors )NP )PP (SBAR (S (VP to (VP study (NP the proposal )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The troubled *UNKED railroad concern )NP (VP said (SBAR (S (NP the committee )NP (VP has (NP the authority (S (VP to (VP hire (NP (NP (ADJP financial and legal )ADJP advisers )NP (SBAR (S (VP to (VP assist (NP it )NP )VP )VP )S )SBAR )NP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The proposed acquisition )NP (VP will (VP be (ADJP subject (PP to (NP (NP approval )NP (PP by (NP the Interstate Commerce Commission )NP )PP )NP )PP )ADJP )VP )VP )S , (NP Soo Line )NP (VP said )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP (NP yesterday )NP , (NP Soo Line shares )NP (VP jumped (PP well above (NP the proposed price )NP )PP , (S (VP closing (PP at (NP $ *UNKN )NP )PP , (ADVP up (NP $ 2.75 )NP )ADVP )VP )S )VP . )S  STOP
(S (NP Canadian Pacific )NP (VP (VP put (NP (NP its (ADJP 56 % )ADJP stake )NP (PP in (NP Soo Line )NP )PP )NP (PP up (PP for (NP sale )NP )PP )PP (NP last year )NP )VP but (VP could n't (VP find (NP any *UNK )NP )VP )VP )VP . )S  STOP
(S (NP (NP Canadian Pacific )NP , (SBAR (WHNP which )WHNP (S (VP has (NP (NP interests )NP (PP in (NP (NP transportation )NP , (NP telecommunications )NP , (NP forest products )NP , (NP energy )NP and (NP real estate )NP )NP )PP )NP )VP )S , )SBAR )NP (ADVP finally )ADVP (VP took (NP its majority block )NP (PP off (NP the market )NP )PP (NP this spring )NP )VP . )S  STOP
(S `` (S (NP It )NP (VP turned (PRT out )PRT (SBAR (S (NP we )NP (VP could n't (VP sell (NP it )NP )VP )VP )S )SBAR )VP )S , '' (NP a Canadian Pacific official )NP (VP said , (S (VP adding (SBAR that (S (S (VP acquiring (NP (NP the remainder )NP (PP of (NP Soo Line )NP )PP )NP )VP )S (VP is (ADVP now )ADVP `` (NP (NP the best way )NP (SBAR (S (VP to (VP *UNK (NP operations )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )S )VP . '' )S  STOP
(S (NP Canadian Pacific )NP (VP (VP is (NP (NP Soo Line 's )NP biggest customer )NP )VP and (VP has (VP owned (NP (NP a majority stake )NP (PP in (NP the U.S. railroad )NP )PP )NP (PP since (NP *UNKN )NP )PP )VP )VP )VP . )S  STOP
(S (S (NP Canadian Pacific and Soo Line tracks )NP (VP *UNK (PP at (NP (NP two points )NP (PP in (NP the West )NP )PP (PP on (NP the *UNKC border )NP )PP )NP )PP )VP )S and (S (NP the two companies )NP (VP operate (NP a (ADJP very successful )ADJP *UNKC *UNK service )NP )VP )S . )S  STOP
(S (ADVP Separately )ADVP , (PP for (NP the first nine months )NP )PP , (NP Soo Line )NP (VP reported (NP (NP a loss )NP (PP of (NP (NP $ *UNKN )NP , or (NP (NP four cents )NP (NP a share )NP )NP , )NP )PP (PP compared (PP with (NP (NP net income )NP (PP of (NP (NP (QP $ 12.5 million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (ADVP (NP a year )NP earlier )ADVP )NP )PP )PP )NP )VP . )S  STOP
(S (NP Revenue )NP (VP fell (NP 5.8 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP had (NP (NP a loss )NP (PP from (NP operations )NP )PP (PP of (NP (QP $ 1.7 million )QP )NP )PP )NP )VP . )S  STOP
(S (NP Golden *UNKC Inc. )NP (VP reported (NP (NP a third-quarter net loss )NP (PP of (NP (NP (QP $ 13.1 million )QP )NP , or (NP (NP 76 cents )NP (NP a share )NP )NP , )NP )PP (PP based (PP on (NP (QP *UNKN million )QP (NX (NX common shares )NX and (NX (NX *UNK *UNK )NX (ADJP outstanding )ADJP )NX )NX )NP )PP )PP )NP )VP . )S  STOP
(S (NP The results )NP (VP compare (PP with (NP (NP a year-earlier net loss )NP (PP of (NP (NP (QP $ 1.5 million )QP )NP , or (NP (NP seven cents )NP (NP a share )NP )NP )NP )PP , (PP based (PP on (NP (QP *UNKN million )QP (NX (NX common )NX and (NX (NX *UNK *UNK )NX (ADJP outstanding )ADJP )NX )NX )NP )PP )PP )NP )PP )VP . )S  STOP
(S (NP Operating revenue )NP (VP rose (NP 25 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP $ *UNKN million )NP (ADVP (NP a year )NP ago )ADVP )PP )VP . )S  STOP
(S (NP (NP Results )NP (PP for (NP the latest quarter )NP )PP )NP (VP include (NP (NP *UNKING items )NP (PP of (NP (NP $ *UNKN million )NP , *UNK (NP (NP $ 8.4 million )NP (ADVP (NP a year )NP earlier )ADVP )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Most )NP (PP of (NP the expenses )NP )PP )NP (VP stem (PP from (NP (NP (NP (NP the company 's )NP huge Mirage *UNK- )NP (VP scheduled (S (VP to (VP open (NP next month )NP (PP along (NP the Strip )NP )PP )VP )VP )S )VP )NP , and (NP (NP an April 1989 financing )NP (PP by (NP (NP units )NP (VP operating (NP the downtown Golden Nugget property )NP )VP )NP )PP )NP )NP )PP )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP Golden Nugget )NP (VP reported (NP (NP a net loss )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 69 cents )NP (NP a share )NP )NP )NP )PP , (PP based (PP on (NP (QP *UNKN million )QP (NX (NX common )NX and (NX (NX *UNK *UNK )NX (ADJP outstanding )ADJP )NX )NX )NP )PP )PP )NP )VP . )S  STOP
(S (ADVP (NP The year )NP earlier )ADVP , (NP the company )NP (VP had (NP (NP a net loss )NP (PP of (NP (NP (QP $ 4.3 million )QP )NP , or (NP (NP 20 cents )NP (NP a share )NP )NP )NP )PP , (PP based (PP on (NP (QP 21 million )QP (NX (NX common shares )NX and (NX (NX *UNK *UNK )NX (ADJP outstanding )ADJP )NX )NX )NP )PP )PP )NP )VP . )S  STOP
(S (NP The 1988 results )NP (VP include (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP charge )NP (VP stemming (PP from (NP a litigation judgment )NP )PP )VP )NP )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP the casino operator )NP (VP said (SBAR (S (NP its board )NP (VP approved (NP a plan (S (VP to (VP buy-back (NP (QP as many as three million )QP common shares )NP (PP (PP from (NP time )NP )PP (PP to (NP time )NP )PP )PP , (PP either (PP in (NP the open market )NP )PP or (PP through (NP private transactions )NP )PP )PP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (NP An additional *UNKN shares )NP (VP are (VP authorized (PP for (NP repurchase )NP )PP (PP under (NP an earlier stock buy-back program )NP )PP )VP )VP . )S  STOP
(S (NP (NP John *UNKC )NP , (NP (NP an analyst )NP (PP with (NP Raymond James & Associates )NP )PP )NP , )NP (VP (VP said (SBAR (S (NP the results )NP (VP were n't (ADJP surprising )ADJP )VP )S )SBAR )VP , and (VP attributed (NP the buy-back )NP (PP to (NP (NP (NP management 's )NP confidence )NP (PP in (NP (NP (NP the Mirage 's )NP ability (S (VP to (VP generate (NP strong cash flow )NP )VP )VP )S )NP (PP in (NP 1990 )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Yesterday )NP , (PP in (NP New York Stock Exchange composite trading )NP )PP , (NP Golden Nugget common )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP up (NP $ 2 )NP )ADVP )VP . )S  STOP
(S (NP Capital Holding Corp. )NP (VP said (SBAR (S (NP it )NP (VP requested and received (NP (NP the resignation )NP (PP of (NP (NP John A. Franco )NP , (NP its vice chairman )NP , )NP )PP (PP as (NP (NP (NP an officer )NP and (NP a director )NP )NP (PP of (NP the life insurance holding company )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP Mr. Franco )NP (VP developed (NP a plan (S (VP to (VP establish (NP (NP a business )NP (SBAR (WHNP that )WHNP (S (VP might (VP be (ADJP competitive (PP with (NP (NP (NP Capital Holding Corp. 's )NP *UNKC and Investment Group )NP , (SBAR (WHNP which )WHNP (S (NP Mr. Franco )NP (VP headed )VP )S )SBAR )NP )PP )ADJP )VP )VP )S )SBAR )NP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The group )NP (ADVP temporarily )ADVP (VP will (VP report (PP to (NP (NP Irving W. *UNKC II )NP , (NP (NP (NP chairman )NP , (NP president )NP and (NP chief executive officer )NP )NP (PP of (NP Capital Holding )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Mr. Franco )NP , (ADJP (NP 47 years )NP old )ADJP , )NP (VP said (PP in (NP a telephone interview )NP )PP (SBAR (SBAR that (S (NP he )NP (VP has (VP been (VP considering and discussing (NP (NP a number )NP (PP of (NP possible business ventures )NP )PP )NP )VP )VP )VP )S )SBAR , but (SBAR that `` (S (NP nothing )NP (VP is (PP at (NP a mature stage )NP )PP )VP )S )SBAR )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP he )NP `` (VP did n't (VP argue (PP with '' (NP (NP the company 's )NP decision (S (VP to (VP seek (NP his resignation )NP )VP )VP )S )NP )PP (SBAR because (S (S (VP *UNKING (NP outside business ventures )NP )VP )S (VP can (VP *UNK (NP an executive )NP (PP from (S (VP performing (NP his best )NP `` (PP at (NP (NP the job )NP (SBAR (S (NP he )NP (VP is (VP paid (S (VP to (VP do )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )S )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . '' )S  STOP
(S (S (NP (NP Martin H. *UNKC )NP , (NP (NP a managing director )NP (PP of (NP (NP Capital Holding 's )NP *UNKC and Investment Group )NP )PP )NP , )NP (ADVP also )ADVP (VP resigned (S (VP to (VP pursue (NP other business interests )NP )VP )VP )S )VP )S , (NP Capital Holding )NP (VP said )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (NP 39 )NP , )NP (VP said (SBAR (SBAR that (S (NP he )NP (VP had `` (NP an *UNK *UNKING )NP '' (PP with (NP Capital Holding )NP )PP )VP )S )SBAR and (SBAR that (S (NP he )NP (VP has `` (NP (NP a number )NP (PP of (NP ventures )NP )PP (PP in (NP the financial-services area )NP )PP )NP '' (PP under (NP consideration )NP )PP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (SBAR that (S (NP his resignation )NP (VP was (NP (NP a mutual decision )NP (PP with (NP Capital Holding management )NP )PP )NP )VP )S )SBAR , but (SBAR that (S (NP he )NP (VP was n't (ADVP actually )ADVP (VP asked (S (VP to (VP resign )VP )VP )S )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP The *UNKC and Investment Group )NP (VP (VP is (ADJP responsible (PP for (NP (NP the investment operations )NP (PP of (NP (NP all Capital Holding 's )NP insurance businesses )NP )PP )NP )PP )ADJP )VP and (VP markets (NP guaranteed investment contracts )NP (PP to (NP (NP bank trust departments )NP and (NP other institutions )NP )NP )PP )VP )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP sells (NP *UNK- *UNK )NP (PP to (NP individuals )NP )PP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP he )NP (VP expects (S (VP to (VP name (NP (NP a new group president )NP (SBAR (S (VP to (VP head (NP that operation )NP )VP )VP )S )SBAR )NP (PP following (NP the Nov. 8 board meeting )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(X *UNK )X  STOP
(NP (NP (NP Money Market *UNKC )NP - (NP a )NP )NP (NP *UNKN % )NP )NP  STOP
(NP (NP a )NP - (NP (NP Average rate )NP (VP paid (NP yesterday )NP (PP by (NP (NP 100 large banks and thrifts )NP (PP in (NP the 10 largest metropolitan areas )NP )PP )NP )PP (SBAR as (S (VP compiled (PP by (NP Bank *UNKC *UNKC )NP )PP )VP )S )SBAR )VP )NP . )NP  STOP
(NP (NP b )NP - (NP Current annual yield )NP . )NP  STOP
(NP (NP Guaranteed minimum )NP (NP 6 % )NP . )NP  STOP
(S -LRB- (PP During (NP its centennial year )NP )PP , (NP The Wall Street Journal )NP (VP will (VP report (NP (NP events )NP (PP of (NP the past century )NP )PP (SBAR (WHNP that )WHNP (S (VP stand (PP as (NP (NP milestones )NP (PP of (NP American business history )NP )PP )NP )PP )VP )S )SBAR )NP )VP )VP . -RRB- )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (VP *UNKC (S (NP *UNKC )NP )S )VP , )NP (VP made (NP their *UNK- debut )NP (PP in (NP (NP children 's )NP *UNK boxes )NP )PP (PP at (NP *UNK- stores )NP )PP (PP in (NP 1973 )NP )PP )VP . )S  STOP
(S (S But (NP few )NP (VP knew (NP it )NP (ADVP then )ADVP )VP )S and (S (NP most )NP (ADVP still )ADVP (VP think (SBAR (S (NP all *UNK )NP (VP are (ADJP *UNK )ADJP )VP )S )SBAR )VP )S . )S  STOP
(S (NP (NP Eagle *UNKC )NP (PP of (NP (NP (NP *UNKC )NP , (NP Tenn. )NP , )NP `` (NP *UNKC City U.S.A. )NP )NP )PP )NP , '' (VP had (VP made (NP its earliest pilot plastic *UNK )NP (PP in (NP 1971 )NP )PP )VP )VP . )S  STOP
(S But (NP it )NP (VP was n't (PP until (SBAR after (S (NP it )NP (VP hired (NP (NP Arthur D. Little )NP , (NP a (NAC Cambridge , Mass. , )NAC research concern )NP , )NP )VP )S )SBAR )PP (SBAR (WHADVP that )WHADVP (S (NP its new product )NP (VP was (VP *UNKED (PP for (NP commercial sale )NP )PP (PP in (NP 1973 )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Three *UNKC *UNK )NP (VP applied (NP April 6 , 1973 )NP , (PP for (NP (NP the patent )NP , (SBAR (WHNP which )WHNP (S (VP was (VP assigned and awarded (PP in (NP 1976 )NP )PP (PP to (NP (NP *UNKC Industries )NP , (ADVP then )ADVP (NP (NP Eagle 's )NP parent )NP )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP *UNKC *UNK )NP (VP (VP *UNK )VP and (VP put )VP (NP the plastic models )NP (PP behind (NP their *UNK )NP )PP (PP just like (NP (NP traditional *UNK )NP (VP made (PP of (NP (NP *UNKED strips )NP (PP of (NP California *UNK *UNK )NP )PP (VP filled (PP with (NP *UNK lead )NP )PP )VP )NP )PP )VP )NP )PP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP (VP takes (NP five steps )NP (S (VP to (VP make (NP standard *UNK )NP )VP )VP )S )VP , (VP (NP (QP just one )QP )NP (PP for (NP the plastic type )NP )PP )VP )VP . )S  STOP
(S (NP *UNKED machines )NP (VP *UNK (NP (NP long plastic *UNK )NP (PP with (NP *UNK- *UNK )NP )PP (SBAR (WHNP that )WHNP (S (VP are (VP printed , cut , painted and *UNKED )VP )VP )S )SBAR )NP )VP . )S  STOP
(SINV `` (S (PP After (NP (QP more than 200 )QP years )NP )PP , (NP (NP something )NP (ADJP new )ADJP )NP (VP has (VP happened (PP to (NP pencils )NP )PP )VP )VP )S , '' (VP said )VP (NP Arthur D. Little )NP (PP in (NP (NP a 1974 report )NP (SBAR (WHNP that )WHNP (S (VP (ADVP publicly )ADVP described (NP the (ADJP previously secret )ADJP item )NP )VP )S )SBAR )NP )PP . )SINV  STOP
(S (NP (NP Eagle 's )NP plastic type )NP (VP *UNK and looks (PP like (NP a *UNK *UNK )NP )PP )VP . )S  STOP
(S (NP A major difference )NP (VP is (SBAR that (S (NP a snapped *UNK *UNK )NP (VP will (VP have (NP a *UNKED break )NP (SBAR while (S (NP a plastic model )NP (VP will (VP break (ADVP *UNKLY )ADVP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The softness )NP (PP of (NP the core )NP )PP )NP (VP *UNK (NP the plastic models )NP (PP to (NP (NP (ADJP No. 1 , No. 2 or No. *UNK- )ADJP pencils )NP , (SBAR (WHNP which )WHNP (S (VP account (PP for (NP (NP the bulk )NP (PP of (NP the market )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP *UNKC and *UNK )NP (VP need (NP harder `` leads )NP )VP . '' )S  STOP
(S (NP (NP Eagle )NP , (VP (ADVP now )ADVP called (S (NP *UNKC )NP )S )VP , )NP (VP remains (NP (NP a leading company )NP (PP among (NP (NP the 10 )NP (PP in (NP the U.S. )NP )PP (SBAR (WHNP that )WHNP (S (VP produced (NP (QP about 2.3 billion )QP pencils )NP (NP last year )NP )VP )S )SBAR )NP )PP )NP , (PP according (PP to (NP the *UNKC *UNKC Association )NP )PP )PP )VP . )S  STOP
(S (S (NP (NP It )NP )NP (VP 's (NP a trade secret )NP (SBAR (WHNP how many )WHNP (S (VP were (NP plastic )NP )VP )S )SBAR )VP )S , and (S (NP most writers )NP (ADVP still )ADVP (VP do n't (VP know (SBAR (WHNP what )WHNP (S (NP they )NP (VP 're (VP using )VP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (NP (NP *UNKC *UNKC & Co. )NP , (NP (NP the nation 's )NP largest thrift holding company )NP , )NP (VP posted (NP a (ADJP 12 % )ADJP earnings decline )NP (PP for (NP the third quarter )NP )PP (SBAR while (S (NP (NP another large California savings and loan )NP , (NP Great Western Financial Corp. )NP , )NP (VP reported (NP a slight earnings gain )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP parent )NP (PP of (NP (NP Home Savings )NP (PP of (NP America )NP )PP )NP )PP )NP , )NP (VP reported (NP (NP third-quarter net )NP (PP of (NP (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 50 cents )NP (NP a share )NP )NP , )NP (ADVP down (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 57 cents )NP (NP a share )NP )NP , )NP (PP in (NP the year-earlier period )NP )PP )PP )ADVP )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP Most )NP (PP of (NP the earnings decline )NP )PP )NP (VP reflected (NP (NP an increase )NP (PP in (NP (NP the company 's )NP effective tax rate )NP )PP (PP to (NP 44 % )NP )PP (PP from (NP 37 % )NP )PP (PP in (NP (NP the year-ago third quarter )NP (SBAR (WHADVP when )WHADVP (S (NP *UNKING tax credits )NP (VP were (VP recorded )VP )VP )S )SBAR )NP )PP )NP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP *UNKC earnings )NP (VP declined (NP 1.3 % )NP )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP (ADJP Los Angeles-based )ADJP *UNKC *UNKC )NP (VP had (NP (NP profit )NP (PP of (NP (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP (NP (NP a (ADJP 4.6 % )ADJP decline )NP (PP from (NP (NP earnings )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP the year-ago nine months )NP )PP )NP )PP )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP the decline )NP (VP was (ADJP *UNK (PP to (NP (NP a (ADJP 79 % )ADJP reduction )NP (PP in (NP (NP net gains )NP (PP on (NP loan sales )NP )PP )NP )PP (NP this year )NP )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Third-quarter spreads )NP (VP widened (PP to (NP (NP the highest level )NP (PP in (NP two years )NP )PP )NP )PP (SBAR as (S (S (NP loan portfolio yields )NP (VP rose )VP )S and (S (NP money costs )NP (VP declined )VP )S )S )SBAR )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP Great Western Financial )NP (VP said (SBAR (S (NP third-quarter profit )NP (VP rose (ADVP slightly )ADVP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 52 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 53 cents )NP (NP a share )NP )NP , )NP (PP from (ADVP (NP a year )NP ago )ADVP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Great Western )NP , (VP based (PP in (NP (NP Beverly Hills )NP , (NP Calif. )NP )NP )PP )VP , )NP (VP is (NP (NP a financial services firm )NP and (NP (NP parent )NP (PP to (NP (NP Great Western Bank )NP , (NP an S&L )NP )NP )PP )NP )NP )VP . )S  STOP
(S (NP Great Western )NP (VP said (SBAR (S (NP it )NP (VP had (NP (NP a sharp increase )NP (PP in (NP margins )NP )PP )NP (PP in (NP the recent third quarter )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP are (NP (NP the difference )NP (PP between (NP (NP (NP the yield )NP (PP on (NP (NP the company 's )NP earning assets )NP )PP )NP and (NP (NP its own cost )NP (PP of (NP funds )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (S But (NP (NP (NP a reduction )NP (PP in (NP (NP one-time gains )NP (PP on (NP (NP the sale )NP (PP of (NP various assets )NP )PP )NP )PP )NP )PP )NP and (NP (NP an increase )NP (PP in (NP (NP (NP the company 's )NP provision )NP (PP for (NP loan losses )NP )PP )NP )PP )NP )NP (VP held (PRT down )PRT (NP the earnings gain )NP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP (NP (NP Great Western 's )NP provision )NP (PP for (NP loan losses )NP )PP )NP (VP was (VP increased (PP to (NP (NP (QP $ *UNKN million )QP )NP (PP for (NP the recent quarter )NP )PP (PP compared (PP with (NP (NP (QP $ *UNKN million )QP )NP (ADVP (NP a year )NP ago )ADVP )NP )PP )PP )NP )PP (PP primarily as (NP (NP a result )NP (PP of `` (NP (NP continued weakness )NP (PP in (NP (NP various (UCP commercial and *UNKLY )UCP real estate markets )NP (PP outside (NP California )NP )PP )NP )PP )NP )PP )NP )PP )VP )VP . '' )S  STOP
(S (PP For (NP the nine months )NP )PP (NP Great Western )NP (VP posted (NP (NP net )NP (PP of (NP (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP (NP (NP a (ADJP 5.9 % )ADJP decline )NP (PP from (NP (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP (PP in (NP the year-ago period )NP )PP )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (NP Dun & Bradstreet Corp. )NP (VP posted (NP (NP a (ADJP 15 % )ADJP rise )NP (PP in (NP third-quarter earnings )NP )PP )NP )VP . )S  STOP
(S But (NP revenue )NP (VP declined (NP (QP more than 2 )QP % )NP , (S (VP reflecting (PP in (NP part )NP )PP (NP (NP a continuing drop )NP (PP in (NP (NP sales )NP (PP of (NP credit services )NP )PP )NP )PP (PP in (NP (NP the wake )NP (PP of (NP (NP controversy )NP (PP over (NP (NP the company 's )NP sales practices )NP )PP )NP )PP )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP The information company )NP (ADVP also )ADVP (VP cited (NP (NP the stronger dollar )NP , (NP (NP the sale )NP (NP last year )NP (PP of (NP its former *UNKC Airline *UNKC unit )NP )PP )NP and (NP other factors )NP )NP )VP . )S  STOP
(S (NP Net income )NP (VP rose (PP to (NP (NP a record (QP $ *UNKN million )QP )NP , or (NP (NP 83 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 72 cents )NP (NP a share )NP )NP )NP )PP )VP . )S  STOP
(S (NP Revenue )NP (VP fell (PP to (NP (QP $ 1.04 billion )QP )NP )PP (PP from (NP (QP $ 1.07 billion )QP )NP )PP )VP . )S  STOP
(S (PP In (NP composite trading )NP )PP (PP on (NP the New York Stock Exchange )NP )PP , (NP Dun & Bradstreet )NP (VP closed (NP yesterday )NP (PP at (NP $ *UNKN )NP )PP , (ADVP down (NP (NP 25 cents )NP (NP a share )NP )NP )ADVP )VP . )S  STOP
(S (S (NP Analysts )NP (VP said (SBAR (S (NP the results )NP (VP were (SBAR as (S (VP expected )VP )S )SBAR )VP )S )SBAR )VP )S , but (S (NP several )NP (VP added (SBAR that (S (NP the earnings )NP (VP *UNKED (NP (NP underlying weaknesses )NP (PP in (NP several businesses )NP )PP )NP )VP )S )SBAR )VP )S . )S  STOP
(SINV `` (S (NP (NP The quality )NP (PP of (NP earnings )NP )PP )NP (VP was n't (ADJP (ADJP as high )ADJP (SBAR as (S (NP I )NP (VP expected )VP )S )SBAR )ADJP )VP )S , '' (VP said )VP (NP (NP Eric *UNKC )NP , (NP (NP an analyst )NP (PP for (NP Goldman , Sachs & Co )NP )PP )NP )NP . )SINV  STOP
(S (PP For (NP example )NP )PP (PRN , (S (NP he )NP (VP noted )VP )S , )PRN (S (NP operating profit )NP (VP was (ADJP (ADJP weaker )ADJP (SBAR than (S (NP he )NP (VP had (VP anticipated )VP )VP )S )SBAR )ADJP )VP )S , but (S (NP (NP (NP *UNKING earnings )NP (PP of (NP $ (QP 14.6 million )QP )NP )PP )NP and (NP a lower tax rate )NP )NP (VP helped (S (VP boost (NP net income )NP )VP )S )VP )S . )S  STOP
(S (NP Dun & Bradstreet )NP (VP said (SBAR (S (NP operating earnings )NP (VP rose (NP 8 % )NP , (PP excluding (NP (NP the sale )NP (PP of (NP *UNKC Airline *UNKC )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Third-quarter sales )NP (PP of (NP U.S. credit services )NP )PP )NP (VP were `` (PP (ADVP *UNKLY )ADVP below (NP (NP sales )NP '' (PP of (ADVP (NP a year )NP earlier )ADVP )PP )NP )PP )VP )S , (NP Dun & Bradstreet )NP (VP said )VP . )S  STOP
(S (SBAR As (S (ADVP previously )ADVP (VP reported )VP )S )SBAR , (NP those sales )NP (VP have (VP been (VP declining (NP this year )NP (PP in (NP (NP the wake )NP (PP of (NP allegations (SBAR that (S (NP the company )NP (VP engaged (PP in (NP (NP unfair sales practices )NP (SBAR (WHNP that )WHNP (S (VP encouraged (S (NP customers )NP (VP to (VP *UNK (NP services )NP )VP )VP )S )VP )S )SBAR )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP The company )NP (VP (VP has (VP denied (NP the allegations )NP )VP )VP but (VP has (VP negotiated (NP (NP a proposed (ADJP $ 18 million )ADJP settlement )NP (PP of (NP related lawsuits )NP )PP )NP )VP )VP )VP . )S  STOP
(S (NP Analysts )NP (VP predict (SBAR (S (NP the sales impact )NP (VP will (VP *UNK )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP There )NP (VP is n't (NP much question (SBAR (S (NP there )NP (VP will (VP continue (S (VP to (VP be (NP a *UNK effect )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP )S , '' (VP said )VP (NP (NP John *UNKC )NP , (NP (NP an analyst )NP (PP with (NP Drexel Burnham Lambert Inc )NP )PP )NP )NP . )SINV  STOP
(S (NP Dun & Bradstreet )NP (VP noted (SBAR that (S (NP (NP price competition )NP (PP in (NP its Nielsen Marketing Research , Nielsen *UNKING House and *UNKC Marketing businesses )NP )PP )NP (ADVP also )ADVP (VP *UNKED (NP revenue growth )NP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP cited (NP (NP cyclical conditions )NP (PP in (NP its (NP Moody 's )NP Investors Service Inc. and *UNKC Plan Services units )NP )PP )NP )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP net income )NP (VP rose (NP 19 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP . )S  STOP
(S (NP *UNKC earnings )NP (VP reflected (NP (NP costs )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP (ADJP related (PP to (NP (NP the acquisition )NP (PP of (NP *UNKC International )NP )PP )NP )PP )ADJP )NP )VP . )S  STOP
(S (NP Revenue )NP (VP rose (ADVP slightly )ADVP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP Control Data Corp. )NP (VP said (SBAR (S (NP it )NP (VP licensed (NP its airline *UNK- software )NP (PP to (NP the International Air *UNKC Association )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Terms )NP (VP include (NP a *UNK arrangement )NP )VP )S , but (S (NP details )NP (VP were n't (VP disclosed )VP )VP )S . )S  STOP
(S (NP The computer equipment and financial services company )NP (VP said (SBAR (S (NP (NP *UNKC )NP , (NP a trade group )NP , )NP (VP will (VP sell (NP (NP access )NP (PP to (NP the package )NP )PP )NP (PP to (NP (NP its 180 airline members )NP (ADVP world-wide )ADVP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Control Data )NP (VP will (VP receive (NP (NP revenue )NP (VP linked (PP to (NP (NP the number )NP (PP of (NP (NP passengers )NP (VP served (PP by (NP the software )NP )PP )VP )NP )PP )NP )PP )VP )NP )VP )VP )S , (NP *UNKC )NP (VP said )VP . )S  STOP
(S (NP The package )NP (VP helps (S (NP carriers )NP (VP solve (NP (NP pricing problems )NP , (PP such as (SBAR (SBAR (WHADVP how )WHADVP (S (VP to (VP react (PP to (NP (NP discounts )NP (VP offered (PP by (NP competitors )NP )PP )VP )NP )PP )VP )VP )S )SBAR or (SBAR (WHNP what )WHNP (S (VP would (VP be (NP (NP the *UNK number )NP (PP of (NP seats )NP )PP (SBAR (S (VP to (VP offer (PP at (NP a given price )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )SBAR )PP )NP )VP )S )VP . )S  STOP
(S (NP *UNKC Steel Corp. )NP (VP said (SBAR (S (NP it )NP (VP decided (S (VP to (VP proceed (PP with (NP (NP *UNK )NP (PP of (NP automatic gauge and shape controls )NP )PP (PP at (NP (NP its *UNK- *UNK cold rolling mill )NP (PP in (NP (NP *UNKC )NP , (NP Pa )NP )NP )PP )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP The new equipment )NP , (SBAR (WHNP which )WHNP (S (VP will (VP produce (NP (NP steel sheet )NP (PP with (NP (ADJP more uniform )ADJP *UNK and *UNK )NP )PP )NP )VP )VP )S )SBAR , )NP (VP is (ADJP likely (S (VP to (VP cost (NP (QP more than $ 20 million )QP )NP )VP )VP )S )ADJP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (S (SBAR (WHADVP When )WHADVP (S (NP the company )NP (ADVP last )ADVP (VP considered (S (VP adding (NP the equipment )NP )VP )S (ADVP (NP two years )NP ago )ADVP )VP )S )SBAR , (NP it )NP (VP estimated (NP the cost )NP (PP at (NP (NP (QP $ 21 million )QP )NP to (NP (QP $ 22 million )QP )NP )NP )PP )VP )S , but (S (NP a task force )NP (VP will (VP have (S (VP to (VP prepare (NP a detailed plan )NP )VP )VP )S (SBAR before (S (NP the company )NP (VP can (VP predict (NP the current cost )NP )VP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (S (NP (NP The time schedule )NP (PP for (S (VP *UNKING (NP the equipment )NP )VP )S )PP )NP (ADVP also )ADVP (VP will (VP be (VP developed (PP by (NP the task force )NP )PP )VP )VP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP (NP Sir Richard *UNKC )NP , (NP (NP *UNK- chairman )NP (PP of (NP *UNKC (PRN -LRB- *UNKC . -RRB- )PRN Ltd. )NP )PP )NP , )NP (VP was (VP named (S (NP (NP chairman )NP (PP of (NP (NP County *UNKC Investment Management Ltd. )NP , (NP (NP the investment management subsidiary )NP (PP of (NP (NP County *UNKC Ltd. )NP , (NP (NP the investment banking arm )NP (PP of (NP this British bank )NP )PP )NP )NP )PP )NP )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP Sir Richard )NP (VP succeeds (NP (NP John *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP resigned (PP in (NP July )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Sir Richard )NP (VP is (ADVP also )ADVP (NP (NP a *UNK- director )NP (PP at (NP (NP National *UNKC Bank )NP and (NP *UNKC Investment Bank Ltd )NP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP (NP the long , *UNKING night )NP (PP after (NP (NP Tuesday 's )NP devastating earthquake )NP )PP )NP )PP , (NP Bay Area residents )NP (VP *UNKED (PP for (NP comfort and *UNK )NP )PP (SBAR (WHADVP *UNK )WHADVP (S (NP they )NP (VP could )VP )S )SBAR )VP . )S  STOP
(S (NP Some )NP (VP found (NP it )NP (PP on (NP (NP the screen )NP (PP of (NP a personal computer )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP Californians )NP )PP )NP (VP (VP made (NP their way )NP (PP to (NP their computers )NP )PP (PP after (NP the quake )NP )PP )VP , and (VP *UNKED (PRT in )PRT (PP with (NP each other )NP )PP (PP on (NP (NP electronic *UNK boards )NP , (SBAR (WHNP which )WHNP (S (VP link (NP computers )NP (ADVP *UNKC )ADVP , (PP via (NP phone lines )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP Some )NP (PP of (NP the (ADJP most *UNK )ADJP *UNK )NP )PP )NP (VP came (PP over (NP (NP The Well )NP , (NP (NP a (NAC *UNKC , Calif. , )NAC board )NP (SBAR (WHNP that )WHNP (S (VP is (NP (NP one )NP (PP of (NP (NP the *UNK *UNK )NP (PP of (NP the electronic *UNK )NP )PP )NP )PP )NP )VP )S )SBAR )NP )NP )PP )VP . )S  STOP
(S (NP (NP About two-thirds )NP (PP of (NP (NP the Well 's )NP 3,000 subscribers )NP )PP )NP (VP live (PP in (NP the Bay Area )NP )PP )VP . )S  STOP
(S (S (NP The quake )NP (VP knocked (NP The Well )NP (PRT out )PRT (PP for (NP six hours )NP )PP )VP )S , but (S (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP came (ADVP back )ADVP (ADJP up )ADJP )VP )S )SBAR , (NP it )NP (VP *UNKED (PP with (NP emotional *UNK- reports )NP )PP )VP )S . )S  STOP
(SINV (VP Following )VP are (NP (NP *UNK )NP (PP from (NP (NP the electronic traffic )NP (NP that night )NP )NP )PP )NP . )SINV  STOP
(S (S (NP The time )NP (VP is (NP Pacific *UNKC Time )NP )VP )S , and (S (NP the *UNK or *UNK )NP (VP are (NP (NP those )NP (SBAR (S (NP subscribers )NP (VP use (S (VP to (VP identify (NP themselves )NP )VP )VP )S )VP )S )SBAR )NP )VP )S . )S  STOP
(NP *UNKN *UNK . )NP  STOP
(NP *UNKC : )NP  STOP
(INTJ *UNKC ! )INTJ  STOP
(S (S (NP I )NP (VP was (PP in (NP (NP the *UNK )NP , (PP on (NP (NP the third floor )NP (PP of (NP an old building )NP )PP )NP )PP )NP )PP )VP )S , and (S (PP except (PP for (NP (NP my heart )NP (PRN -LRB- (INTJ *UNKC , *UNKC )INTJ ! -RRB- )PRN )NP )PP )PP (NP I )NP (VP 'm (ADJP OK )ADJP )VP )S . )S  STOP
(S (S (VP *UNKC (ADVP back (PP to (NP *UNKC )NP )PP )ADVP )VP )S , and (S (NP everything )NP (VP had (VP fallen )VP : (NP (NP (NP broken *UNK *UNK )NP (PP with (NP (NP glass )NP (PP on (NP the floor )NP )PP )NP )PP )NP , (NP (NP file *UNK )NP (UCP (ADJP open )ADJP or (VP dumped (PP onto (NP the floor )NP )PP )VP )UCP )NP )NP )VP )S . )S  STOP
(NP *UNKN p.m . )NP  STOP
(NP *UNKC : )NP  STOP
(S (NP I )NP (VP was (PP in (NP my favorite *UNKING hole )NP )PP , (S (VP waiting (SBAR for (S (NP the game )NP (VP to (VP start )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (S (NP I )NP (VP (VP felt (S (NP the temblor )NP (VP begin )VP )S )VP and (VP *UNKED (PP at (NP (NP the table )NP (ADVP next (PP to (NP mine )NP )PP )ADVP )NP )PP )VP , (VP *UNKED (NP that guilty *UNK )NP )VP )VP )S and (S (NP (NP we )NP (NP both )NP )NP (VP *UNKED (NP (NP the words )NP , `` (NP *UNKC )NP ! '' )NP (ADVP together )ADVP )VP )S . )S  STOP
(S (NP That )NP (VP 's (ADVP usually )ADVP (SBAR (WHADVP how long )WHADVP (S (NP (NP it )NP )NP (VP takes (SBAR for (S (NP the *UNK )NP (VP to (VP pass )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (S (NP This time )NP , (NP it )NP (ADVP just )ADVP (VP got (ADJP stronger )ADJP )VP )S and then (S (NP the building )NP (VP started (S (VP shaking (ADVP *UNKLY )ADVP (ADVP up and down )ADVP (SBAR as though (S (NP it )NP (VP were (NP (NP (NP a child 's )NP toy block )NP (SBAR (WHNP that )WHNP (S (VP was (VP being (VP *UNKED )VP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )S )VP )S . )S  STOP
(NP *UNKN a.m . )NP  STOP
(NP *UNKC : )NP  STOP
(S (NP I )NP (VP was (PP in (NP the Berkeley *UNKC library )NP )PP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP hit )VP )S )SBAR )VP . )S  STOP
(FRAG (NP *UNKC seconds )NP (S (VP wondering (SBAR if (S (NP those huge windows )NP (VP would (VP (VP *UNK )VP and (VP *UNK (NP us )NP (PP with (NP glass )NP )PP )VP )VP )VP )S )SBAR )VP )S . )FRAG  STOP
(S (NP (QP Only a few )QP books )NP (VP fell (PP in (NP the reading room )NP )PP )VP . )S  STOP
(S Then (NP the auto *UNK shop fire )NP (VP sent (NP (NP an *UNKING *UNK )NP (PP of (NP black smoke )NP )PP )NP (PP into (NP the air )NP )PP )VP . )S  STOP
(NP *UNKN a.m . )NP  STOP
(NP *UNKC : )NP  STOP
(S (NP (NP My younger daughter )NP and (NP I )NP )NP (VP are (ADJP fine )ADJP )VP . )S  STOP
(S (S (NP This building )NP (VP shook (PP like (NP *UNK )NP )PP )VP )S and (S (NP it )NP (VP kept (S (VP getting (ADJP stronger )ADJP )VP )S )VP )S . )S  STOP
(S (PP *UNKC (PP for (S (NP (NP the gas tank )NP (PP at (NP (NP *UNKC 's )NP *UNKING Service )NP )PP )NP (VP *UNKING and *UNKING (PP in (NP downtown Berkeley )NP )PP )VP )S )PP )PP , (NP (NP things )NP (ADVP here )ADVP )NP (VP are (ADJP quite *UNK )ADJP )VP . )S  STOP
(S (NP (NP A lot )NP (PP of (NP car *UNK )NP )PP )NP (VP went (PRT off )PRT )VP . )S  STOP
(S (NP The *UNK )NP (VP are (ADJP fine , although nervous )ADJP )VP . )S  STOP
(NP *UNKN a.m . )NP  STOP
(NP *UNKC : )NP  STOP
(NP (NP *UNKC fire )NP (PP from (NP broken gas main )NP )PP (PP in (NP (NP the Marina )NP (PP in (NP *UNK )NP )PP )NP )PP . )NP  STOP
(S (NP (NP *UNKC )NP (SBAR (WHNP that )WHNP (S (VP are (VP made (PP of ` (NP fill )NP ' )PP )VP )VP )S )SBAR )NP (VP *UNK )VP . )S  STOP
(S (NP (NP A woman )NP (PP in (NP a *UNK- apartment )NP )PP )NP (VP was (ADJP able (S (VP to (VP walk (PP out (NP (NP the window )NP (PP of (NP the third floor )NP )PP )NP )PP (PP onto (NP street level )NP )PP )VP )VP )S )ADJP (PP after (NP the quake )NP )PP )VP . )S  STOP
(S (NP The house )NP (ADVP just )ADVP (VP settled (ADVP right down )ADVP (PP into (NP the ground )NP )PP )VP . )S  STOP
(NP *UNKN a.m . )NP  STOP
(NP *UNKC : )NP  STOP
(S (NP I )NP (VP was (VP (VP driving (NP my truck )NP )VP , (VP stopped (PP at (NP (NP a red light )NP (PP at (NP (NP the corner )NP (PP of (NP *UNKC and *UNKC )NP )PP (PP at (NP the *UNKC border )NP )PP )NP )PP )NP )PP )VP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP hit )VP )S )SBAR )VP )VP . )S  STOP
(S (NP *UNKC part )NP (VP was (VP watching (NP (NP power lines )NP (VP *UNKING (PP above (NP my head )NP )PP )VP )NP (FRAG and (NP (NP no way )NP (SBAR (S (VP to (VP drive (ADVP away )ADVP )VP )VP )S )SBAR )NP )FRAG )VP )VP . )S  STOP
(NP *UNKN a.m . )NP  STOP
(NP *UNKC : )NP  STOP
(S (VP *UNKC (ADVP (NP 300 *UNK )NP out (PP on (NP (NP a *UNK )NP (PP in (NP San *UNKC )NP )PP )NP )PP )ADVP )VP . )S  STOP
(S (NP It )NP (VP *UNKED (ADVP all around )ADVP , (S (ADJP real dramatic )ADJP )S )VP ! )S  STOP
(NP (NP Many *UNK cracks )NP (PP in (NP the concrete *UNK )NP )PP (ADVP *UNK )ADVP . )NP  STOP
(S (VP *UNKED (NP the *UNK fishing )NP )VP ! )S  STOP
(NP *UNKN a.m . )NP  STOP
(NP *UNKC : )NP  STOP
(S (NP I )NP (VP *UNK (NP it )NP (PRT out )PRT (PP on (NP (NP the second floor )NP (PP of (NP (NP *UNKC 's )NP (PP at (NP *UNK and Telegraph )NP )PP (PP in (NP Oakland )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP I )NP (VP heard (S (NP (NP parts )NP (PP of (NP the building )NP )PP (PP above (NP my head )NP )PP )NP (VP *UNKING )VP )S )VP . )S  STOP
(S (NP I )NP (ADVP actually )ADVP (VP thought (SBAR that (S (NP I )NP (VP might (VP die )VP )VP )S )SBAR )VP . )S  STOP
(S (NP I )NP (VP could n't (VP decide (SBAR if (S (NP I )NP (VP should (VP come (ADVP home )ADVP (PP to (NP *UNKC )NP )PP , (SBAR because (S (NP my house )NP (VP is (PP on (NP *UNK )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP I )NP (VP decided (S (VP to (VP *UNK (NP the storm )NP )VP )VP )S )VP . )S  STOP
(S (NP There )NP (VP was (NP (NP a *UNK *UNK )NP (PP of (NP gas )NP )PP )NP (SBAR as (S (NP I )NP (VP passed (NP the Chevron refinery )NP (PP before (S (VP *UNKING (NP the *UNKC *UNKC Bridge )NP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (NP I )NP (VP could (ADVP also )ADVP (VP see (NP (NP the *UNK )NP (PP across (NP the bay )NP )PP (PP from (NP (NP the horrible fire )NP (PP in (NP (NP the Marina District )NP (PP of (NP San Francisco )NP )PP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP I )NP (VP have (VP felt (NP many aftershocks )NP )VP )VP . )S  STOP
(S (S (NP My back )NP (VP is (ADVP still )ADVP (PP in (NP *UNK )NP )PP )VP )S and (S (NP my hands )NP (VP are (ADVP still )ADVP (VP shaking )VP )VP )S . )S  STOP
(S (NP I )NP (VP think (SBAR (S (NP (NP a few )NP (PP of (NP the aftershocks )NP )PP )NP (VP might (ADVP just )ADVP (VP be (S (NP my body )NP (VP shaking )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(NP *UNKN a.m. )NP  STOP
(NP *UNKC : )NP  STOP
(S (NP I )NP (VP could (VP see (NP (NP the *UNK )NP (PP from (NP San Francisco )NP )PP )NP (PP from (NP (NP my house )NP (PP across (NP the bay )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP 's (ADJP hard )ADJP (S (VP to (VP believe (SBAR (S (NP this )NP (ADVP really )ADVP (VP is (VP happening )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(NP *UNKN a.m . )NP  STOP
(NP *UNK : )NP  STOP
(S (S (NP (NP Building )NP (PP on (NP the corner )NP )PP )NP (VP (ADVP severely )ADVP damaged )VP )S , so (S (NP (NP an old *UNK )NP and (NP her (ADJP very old )ADJP mother )NP )NP (VP are (PP in (NP the *UNK room )NP )PP )VP )S . )S  STOP
(FRAG (NP *UNKC and software )NP (ADVP everywhere )ADVP . )FRAG  STOP
(S (NP This )NP (VP being (VP *UNKED (PP in (NP a standing position )NP )PP )VP )VP . )S  STOP
(NP *UNKN a.m . )NP  STOP
(NP *UNKC : )NP  STOP
(NP (NP *UNKC )NP -- (PP *UNK (NP the San *UNKC *UNKC )NP )PP . )NP  STOP
(S (VP (VP *UNKC n't (VP feel (NP a thing )NP )VP )VP , but (VP noticed (NP some strange *UNK behavior )NP )VP )VP . )S  STOP
(NP *UNKC *UNK . )NP  STOP
(NP *UNKN a.m . )NP  STOP
(NP *UNKC : )NP  STOP
(S (NP I )NP (ADVP just )ADVP (VP felt (NP another *UNK )NP (ADVP (NP (QP a few )QP seconds )NP ago )ADVP )VP . )S  STOP
(S (NP I )NP (VP 'm (ADVP just )ADVP (ADJP *UNK )ADJP )VP . )S  STOP
(NP *UNKN a.m . )NP  STOP
(NP *UNKC : )NP  STOP
(S (NP *UNKC *UNKC )NP (VP seems (S (VP to (VP be (NP (NP the part )NP (PP of (NP town )NP )PP (SBAR (WHNP that )WHNP (S (VP 's (ADJP worst off )ADJP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(NP (NP No power )NP , (NP minimal phones )NP , and (NP (NP a mess )NP (PP of (NP (NP *UNK )NP , (NP wine )NP , and (NP (NP everything )NP (ADJP else )ADJP )NP )NP )PP (PP (ADVP all )ADVP over (NP (NP the floors )NP (PP of (NP (NP the big old general store )NP and (NP (NP the People 's )NP *UNKC )NP )NP )PP )NP )PP )NP . )NP  STOP
(S (S (NP The *UNK )NP (VP move (PP through (NP my house )NP )PP (NP every few minutes )NP (PP at (NP *UNK *UNK )NP )PP )VP )S , and (S (NP (NP the *UNK )NP (SBAR (WHNP that )WHNP (S (VP 's (VP been (VP living (PP in (NP my *UNK )NP )PP )VP )VP )VP )S )SBAR )NP (VP has (VP taken (NP *UNK )NP (PP under (NP my desk )NP )PP )VP )VP )S . )S  STOP
(S (NP It )NP (VP (VP runs (ADVP out )ADVP (ADVP *UNKLY )ADVP (ADVP now and then )ADVP )VP , and (VP is (ADVP clearly )ADVP (ADJP pretty *UNKED )ADJP )VP )VP . )S  STOP
(S (NP I )NP (VP was (PP in (NP *UNKC Beach )NP )PP (SBAR (WHADVP when )WHADVP (S (NP the quake )NP (VP rolled (PP through (NP town )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (ADVP At first )ADVP , (NP we )NP (VP were (VP *UNKED )VP )VP . )S  STOP
(S Then (SBAR as (S (NP things )NP (VP got (ADJP *UNK )ADJP )VP )S )SBAR , (NP we )NP (VP (VP ran (PP for (NP the door )NP )PP )VP and (VP spent (NP the next few minutes )NP (ADVP outside )ADVP (S (VP watching (S (S (NP (NP the brick *UNK )NP (PP under (NP our feet )NP )PP )NP (VP *UNKING (ADVP up and down )ADVP )VP )S , and (S (NP the flowers )NP (VP *UNKING (PP in (NP an *UNK *UNK )NP )PP )VP )S )S )VP )S )VP )VP . )S  STOP
(FRAG (ADJP *UNKING )ADJP (SBAR (WHNP what )WHNP (S (NP it )NP (VP does (PP to (NP (NP (NP one 's )NP heart rate )NP and (NP (NP one 's )NP short-term memory )NP )NP )PP )VP )S )SBAR . )FRAG  STOP
(S (S (NP Everyone )NP (VP looked (ADJP *UNK )ADJP )VP )S , but (S (NP there )NP (VP was (NP (NP this *UNK low level )NP (PP of (NP confusion )NP )PP )NP (SBAR as (S (NP the aftershocks )NP (VP continued )VP )S )SBAR )VP )S . )S  STOP
(NP *UNKN a.m . )NP  STOP
(NP *UNKC : )NP  STOP
(S (S (NP Power )NP (VP is (ADVP back )ADVP (ADVP on )ADVP )VP )S , and (S (NP *UNKC -LCB- (NP medical center )NP -RCB- )NP (VP seems (S (VP to (VP have (VP *UNKED (PRT down )PRT (PP for (NP the night )NP )PP )VP )VP )VP )S )VP )S (PRN -LRB- (S (NP they )NP (VP were (VP doing (NP *UNK )NP (PP out (PP in (NP the parking lot )NP )PP )PP (PP from (NP (NP the sound and lights )NP (PP of (NP it )NP )PP )NP )PP )VP )VP )S -RRB- )PRN . )S  STOP
(S (NP (NP A friend )NP (PP of (NP mine )NP )PP )NP (VP was (PP in (NP (NP an underground computer center )NP (PP in (NP downtown *UNK )NP )PP )NP )PP (SBAR (WHADVP when )WHADVP (S (NP the quake )NP (VP hit )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR that (S (NP (NP one )NP (PP of (NP the computers )NP )PP )NP (VP took (NP a *UNK- trip )NP (S (VP *UNKING (PP across (NP the floor )NP )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Today )NP (VP should (VP be (ADJP interesting )ADJP (SBAR as (S (NP people )NP (VP realize (SBAR (WHADVP how hard )WHADVP (S (NP life )NP (VP is (VP going (S (VP to (VP be )VP )VP )S (ADVP here )ADVP (PP for (NP a while )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(NP *UNKN a.m . )NP  STOP
(NP *UNKC : )NP  STOP
(S (NP I )NP (VP (VP got (NP home )NP )VP , (VP let (NP the *UNK )NP (PP into (NP the house )NP )PP )VP and (VP noticed (NP (NP some sounds )NP (PP above (NP my head )NP )PP , (SBAR as if (S (NP someone )NP (VP were (VP walking (UCP (PP on (NP the *UNK )NP )PP , or (NP *UNK )NP )UCP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S Then (NP I )NP (VP noticed (SBAR (S (NP the car )NP (VP was (VP *UNKING (ADVP up and down )ADVP (SBAR as if (S (NP someone )NP (VP were (VP *UNKING (PP on (NP it )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP I )NP (VP (VP realized (SBAR (WHNP what )WHNP (S (VP was (VP happening )VP )VP )S )SBAR )VP and (VP *UNKED (PP into (NP the house )NP )PP (PP for (NP the dogs )NP )PP )VP )VP . )S  STOP
(S (S (NP *UNKC doors )NP (VP were (VP flying )VP )VP )S , (S (NP (NP the trash can )NP (PP in (NP the *UNK )NP )PP )NP (VP walked (NP a few feet )NP )VP )S , (S (NP the dogs )NP (VP came (VP running )VP )VP )S , and (S (NP I )NP (VP (VP *UNKED (NP them )NP (PP into (NP the dog run )NP )PP )VP and (VP stood (PP in (NP the *UNK )NP )PP (NP myself )NP , (S (VP watching (NP the outside trash *UNK )NP (VP dance (PP across (NP the concrete )NP )PP )VP )VP )S )VP )VP )S . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP I )NP (VP realized (SBAR (S (NP it )NP (VP was (ADJP over )ADJP )VP )S )SBAR )VP )S )SBAR , (NP I )NP (VP (VP went )VP and (VP stood (PP (ADVP out )ADVP in (NP (NP front )NP (PP of (NP the house )NP )PP )NP )PP )VP , (S (VP (VP waiting and *UNKING (SBAR for (S (NP Merrill )NP (VP to (VP come (ADVP home )ADVP )VP )VP )S )SBAR )VP , (VP *UNKING (SBAR as if (S (NP it )NP (VP were (PP (NP 20 )NP below (NP zero )NP )PP )VP )S )SBAR (SBAR until (S (NP he )NP (VP got (ADVP there )ADVP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(SINV (ADVP Never )ADVP (PP in (NP my life )NP )PP have (NP I )NP (VP been (ADJP so *UNKED )ADJP )VP . )SINV  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP I )NP (VP saw (NP (NP the pictures )NP (PP of (NP (NP 880 )NP and (NP the Bay Bridge )NP )NP )PP )NP )VP )S )SBAR , (NP I )NP (VP began (S (VP to (VP *UNK )VP )VP )S )VP . )S  STOP
(NP *UNKN a.m . )NP  STOP
(NP *UNKC : )NP  STOP
(S (S (NP The *UNKC -LCB- District -RCB- )NP (VP was (PP (ADVP more or less )ADVP like (NP a *UNK party )NP )PP (NP all evening )NP )VP )S , (S (NP (NP lots )NP (PP of (NP people & dogs )NP )PP )NP (VP (VP walking (ADVP around )ADVP )VP , (VP drinking (NP beer )NP )VP )VP )S . )S  STOP
(NP *UNKN a.m . )NP  STOP
(NP *UNKC : )NP  STOP
(S (S (NP I )NP (VP was (ADVP just )ADVP (VP sitting (PRT down )PRT (S (VP to (VP meet (PP with (NP (NP some new therapy clients )NP , (NP a couple )NP )NP )PP )VP )VP )S )VP )VP )S , and (S (NP the building )NP (VP started (S (VP shaking (PP like (ADJP crazy )ADJP )PP )VP )S )VP )S . )S  STOP
(S (S (NP It )NP (VP 's (NP (NP a *UNK structure )NP , (VP built (PP up (PP on (NP supports )NP )PP )PP )VP , )NP )VP )S and (S (NP it )NP (VP was (ADVP really )ADVP (VP *UNKING (ADVP around )ADVP )VP )VP )S . )S  STOP
(S (S (NP (NP The three )NP (PP of (NP us )NP )PP )NP (VP stopped (S (VP *UNKING )VP )S (PP for (NP a moment )NP )PP )VP )S , and then (S (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP kept (PRT on )PRT (S (VP coming )VP )S )VP )S )SBAR (NP we )NP (VP *UNKED (PP for (NP the *UNK )NP )PP )VP )S . )S  STOP
(S (S (ADJP *UNKC (S (VP to (VP say )VP )VP )S )ADJP )S , (NP it )NP (VP was (NP an interesting first session )NP )VP ! )S  STOP
(NP *UNKN a.m . )NP  STOP
(NP *UNKC : )NP  STOP
(S (NP *UNKC )NP (VP escaped (S (ADJP *UNKLY *UNKED )ADJP )S )VP . )S  STOP
(S (NP *UNKC trouble )NP (VP was (NP (NP scared family )NP (SBAR (WHNP who )WHNP (S (VP (VP could n't (VP get (NP a phone line )NP (ADVP through )ADVP )VP )VP , and (VP spent (NP a (ADJP really horrible )ADJP hour )NP (S not (VP knowing )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(NP *UNKN a.m . )NP  STOP
(NP *UNKC : )NP  STOP
(S (NP *UNKC and I )NP (VP were (PP in (NP our back yard )NP )PP (SBAR (WHADVP when )WHADVP (S (NP the lawn )NP (VP started (S (VP rolling (PP like (NP ocean waves )NP )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP We )NP (VP ran (PP into (NP the house )NP )PP (S (VP to (VP get (NP *UNKC )NP )VP )VP )S )VP )S , but (S (NP the next *UNK )NP (VP (VP threw (NP me )NP (PP in (NP the air )NP )PP )VP and (VP *UNKED (NP me )NP )VP (SBAR as (S (NP I )NP (VP tried (S (VP to (VP get (PP to (NP my feet )NP )PP )VP )VP )S )VP )S )SBAR )VP )S . )S  STOP
(S (NP We )NP (VP are all (ADJP fine )ADJP (ADVP here )ADVP , (SBAR although (S (NP *UNKC )NP (VP was (ADJP extremely *UNKED )ADJP )VP )S )SBAR )VP . )S  STOP
(NP (NP *UNKC )NP (ADJP full (PP of (NP broken *UNK )NP )PP )ADJP . )NP  STOP
(NP (NP *UNKC and tapes )NP (PP (ADVP all )ADVP over (NP my room )NP )PP . )NP  STOP
(S (S (NP (NP (QP Not one )QP thing )NP (PP in (NP the house )NP )PP )NP (VP is (SBAR (WHADVP where )WHADVP (S (NP it )NP (VP is (VP supposed (S (VP to (VP be )VP )VP )S )VP )VP )S )SBAR )VP )S , but (S (NP the structure )NP (VP is (ADJP fine )ADJP )VP )S . )S  STOP
(S (SBAR While (S (NP I )NP (VP was (VP standing (PP on (NP the lawn )NP )PP (PP with (NP *UNKC )NP )PP , (S (VP waiting (PP for (NP another *UNK )NP )PP )VP )S )VP )VP )S )SBAR , (NP I )NP (VP noticed (SBAR that (S (NP all the *UNK )NP (VP were (VP (VP emerging (PP from (NP the ground )NP )PP )VP and (VP *UNKING (PP across (NP the lawn )NP )PP )VP )VP )VP )S )SBAR )VP ! )S  STOP
(NP *UNKN a.m. )NP  STOP
(NP *UNKC : )NP  STOP
(S (NP (NP It )NP )NP (VP 's (ADJP amazing )ADJP (SBAR (WHADVP how )WHADVP (S (NP one second )NP (VP can (VP (ADVP so completely )ADVP change (NP your life )NP )VP )VP )S )SBAR )VP . )S  STOP
(NP *UNKN a.m . )NP  STOP
(NP *UNKC : )NP  STOP
(S (NP I )NP (VP guess (SBAR (S (NP we )NP (VP 're all (VP living (ADVP very tentatively )ADVP (ADVP here )ADVP , (S (VP waiting (PP for (NP the (ADJP expected but *UNKED )ADJP *UNK )NP )PP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP It )NP )NP (VP 's (ADJP hard )ADJP (S (VP to (VP accept (SBAR that (S (NP it )NP (VP (VP 's (ADVP over )ADVP )VP and (VP (ADVP only )ADVP took (NP 15 seconds )NP )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP I )NP (VP wonder (SBAR (WHADVP when )WHADVP (S (NP we )NP (VP 'll (VP be (ADJP able (S (VP to (VP relax )VP )VP )S )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(NP *UNKN a.m . )NP  STOP
(NP *UNKC : )NP  STOP
(S (NP *UNKC )NP (VP goes (PP to (NP total alert )NP )PP (PP for (NP flight or fight )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP seems (NP a *UNK *UNK )NP )VP . )S  STOP
(FRAG (NP Berkeley )NP (ADJP very quiet )ADJP (ADVP right now )ADVP . )FRAG  STOP
(S (NP I )NP (VP walked (PP along (NP *UNKC )NP )PP (PP between (NP Delaware and *UNKC )NP )PP (PP at (NP (NP a few minutes )NP (PP before (NP eight )NP )PP )NP )PP (NP this morning )NP )VP . )S  STOP
(S (S (ADVP Next (PP to (NP *UNKC *UNKC )NP )PP )ADVP (NP a *UNK couple )NP , (S (VP *UNKED (PP into (NP a blue *UNKING bag )NP )PP )VP )S , (VP (VP sat (PRT up )PRT )VP , (VP said , `` (INTJ Good morning )INTJ '' )VP )VP )S and then (S (NP the woman )NP (VP (VP *UNKED )VP , (VP said , `` (SQ Is n't (NP (NP it )NP )NP (ADJP great )ADJP (S (ADVP just )ADVP (VP to (VP be (ADJP alive )ADJP )VP )VP )S ? )SQ )VP )VP )S '' )S  STOP
(S (NP I )NP (VP agreed )VP . )S  STOP
(S (NP It )NP (VP is )VP . )S  STOP
(FRAG (ADJP Great )ADJP . )FRAG  STOP
(S (NP Georgia-Pacific Corp. )NP , (S (VP exceeding (NP (NP some analysts ' )NP expectations )NP )VP )S , (VP said (SBAR (S (NP third-quarter earnings )NP (VP rose (NP 56 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ 1.19 )NP (NP a share )NP )NP , )NP (PP in (NP the year-earlier period )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Sales )NP (VP increased (NP 10 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP Per-share earnings )NP (VP were (VP enhanced (PP by (NP (NP (NP the company 's )NP share buy-back program )NP , (SBAR (WHNP which )WHNP (S (VP reduced (NP (NP the average shares )NP (ADJP outstanding )ADJP )NP (PP to (NP (NP (QP 87.5 million )QP )NP (PP in (NP the quarter )NP )PP )NP )PP (PP from (NP (QP *UNKN million )QP )NP (PP in (NP (NP the same quarter )NP (PP of (NP 1988 )NP )PP )NP )PP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (PP With (NP (NP strong prices )NP (PP in (NP (NP (NP the company 's )NP two major areas )NP (PRN -- (NP (NP building products )NP as well as (NP pulp and paper )NP )NP -- )PRN )NP )PP )NP )PP (NP analysts )NP (VP had (VP expected (NP a *UNKING quarter )NP )VP )VP . )S  STOP
(S But (NP the performance )NP (VP exceeded (NP (NP some estimates )NP (PP of (NP (NP (QP around $ *UNKN )QP )NP (NP a share )NP )NP )PP )NP )VP . )S  STOP
(SINV (VP *UNKING (NP the growth )NP )VP , (PP among (NP other things )NP )PP , (VP were )VP (NP (NP *UNKED prices )NP (PP for (NP certain building products )NP )PP )NP . )SINV  STOP
(NP (NP One reason )NP : (S (NP efforts (S (VP to (VP protect (NP the spotted *UNK )NP )VP )VP )S )NP (VP led (PP to (NP (NP restrictions )NP (PP on (NP *UNKING )NP )PP (PP in (NP the Pacific Northwest )NP )PP )NP )PP , (S (VP (VP *UNKING (NP supply )NP )VP and (VP forcing (NP prices )NP (ADVP up )ADVP )VP )VP )S )VP )S . )NP  STOP
(NP (NP Another reason )NP : (S (S (NP (NP strikes )NP , (PP both at (NP (NP Georgia-Pacific )NP and (NP other *UNK companies )NP )NP )PP )NP (ADVP also )ADVP (VP (VP cut (NP supplies )NP )VP and (VP raised (NP prices )NP )VP )VP )S , (NP analysts )NP (VP said )VP )S . )NP  STOP
(S (PP For (NP the nine months )NP )PP , (NP (NP Georgia-Pacific 's )NP earnings )NP (VP increased (NP 49 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )VP . )S  STOP
(S (NP Sales )NP (VP rose (NP 11 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (PP In (NP composite New York Stock Exchange Trading )NP )PP , (NP Georgia-Pacific stock )NP (VP rose (NP (NP $ 1.25 )NP (NP a share )NP )NP (NP yesterday )NP (S (VP to (VP close (PP at (NP $ 58 )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The House Public *UNKC and Transportation Committee )NP (VP approved (NP (NP a bill )NP (SBAR (WHNP that )WHNP (S (VP would (VP give (NP the Transportation Department )NP (NP power (S (VP to (VP block (NP airline leveraged buy-outs )NP )VP )VP )S )NP )VP )VP )S )SBAR )NP , (PP despite (NP (NP a clear veto threat )NP (PP from (NP the Bush administration )NP )PP )NP )PP )VP . )S  STOP
(S (NP The *UNKN vote )NP (VP *UNK (NP (NP the way )NP (PP for (NP (NP consideration )NP (PP on (NP the House floor )NP )PP (NP (NP next week )NP or (NP (NP the week )NP (ADJP after )ADJP )NP )NP )NP )PP )NP )VP . )S  STOP
(S (NP Transportation Secretary Samuel Skinner )NP , (PP in (NP (NP a letter )NP (PP to (NP the committee )NP )PP )NP )PP , (VP warned (SBAR that (S (NP he )NP (VP would (VP urge (NP President Bush )NP (S (VP to (VP veto (NP the legislation )NP )VP )VP )S (SBAR if (S (NP it )NP (VP passed (NP Congress )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The Senate Commerce Committee )NP (ADVP already )ADVP (VP has (VP approved (NP similar legislation )NP )VP )VP . )S  STOP
(S (PP On (NP Monday )NP )PP , (NP (NP a letter )NP (PP from (NP (NP (NP Mr. Skinner 's )NP deputy )NP , (NP *UNKC *UNKC )NP , )NP )PP )NP (VP said (SBAR (S (NP the administration )NP (VP opposed (NP (NP the legislation )NP `` (PP in (NP its present form )NP )PP )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP Some )NP (PP of (NP (NP the bill 's )NP supporters )NP )PP )NP (VP had (VP taken (NP heart )NP (PP from (NP the fact (SBAR (SBAR that (S (NP the letter )NP (VP was n't (VP signed (PP by (NP Mr. Skinner )NP )PP )VP )VP )S )SBAR and (SBAR that (S (NP it )NP (VP did n't (VP contain (NP a veto threat )NP )VP )VP )S )SBAR )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP The *UNK- administration warnings )NP (VP *UNKED (NP (NP some lawmakers )NP , (NP (NP especially senior Republicans )NP (SBAR (WHNP who )WHNP (S (VP supported (NP the bill )NP (SBAR because (S (NP they )NP (VP thought (SBAR (S (NP the Transportation Department )NP (VP favored (NP it )NP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )NP )NP )VP . )S  STOP
(S `` (S (NP We )NP (VP backed (NP this bill )NP (SBAR because (S (NP we )NP (VP thought (SBAR (S (NP it )NP (VP would (VP help (NP Skinner )NP )VP )VP )S )SBAR )VP )S )SBAR )VP )S (PRN , '' (S (NP one Republican )NP (VP said )VP )S , )PRN `` and (S (ADVP now )ADVP (NP we )NP (VP 're (ADVP out there )ADVP (S (VP *UNKING (PP in (NP the wind )NP )PP )VP )S )VP )S . '' )S  STOP
(S (ADVP (NP A few weeks )NP ago )ADVP , (NP Mr. Skinner )NP (VP testified (PP before (NP Congress )NP )PP (SBAR that (S (NP it )NP (VP would (VP be `` (ADJP (ADJP cleaner )ADJP , (ADJP more efficient )ADJP )ADJP '' (SBAR if (S (NP he )NP (VP had (NP authority (S (VP to (VP block (NP buy-outs )NP (PP in (NP advance )NP )PP )VP )VP )S )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP he )NP (VP (VP (ADVP never )ADVP took (NP (NP an official position )NP (PP on (NP the bill )NP )PP )NP )VP and (VP has (VP (ADVP *UNKLY )ADVP maintained (SBAR that (S (NP he )NP (ADVP already )ADVP (VP has (NP enough authority (S (VP to (VP deal (PP with (NP buy-outs )NP )PP )VP )VP )S )NP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (PP Under (NP the committee bill )NP )PP , (NP the Transportation secretary )NP (VP would (VP have (NP (NP 30 days )NP , and (NP (NP an additional 20 days )NP (SBAR if (S (VP needed )VP )S )SBAR )NP , )NP (S (VP to (VP review (NP (NP any proposed purchase )NP (PP of (NP (NP 15 % (QP or more )QP )NP (PP of (NP (NP a major U.S. airline 's )NP voting stock )NP )PP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP The secretary )NP (VP would (VP be (VP required (S (VP to (VP block (NP an acquisition )NP )VP )VP )S (SBAR (SBAR if (S (NP he )NP (VP concluded (SBAR that (S (NP it )NP (VP would (VP (ADVP so )ADVP weaken (NP an airline )NP (ADVP financially )ADVP (SBAR that (S (NP it )NP (VP would (VP (VP hurt (NP safety )NP )VP or (VP reduce (NP (NP the carrier 's )NP ability (S (VP to (VP compete )VP )VP )S )NP )VP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )S )SBAR , or (SBAR if (S (NP it )NP (VP gave (NP control )NP (PP to (NP a foreign interest )NP )PP )VP )S )SBAR )SBAR )VP )VP )VP . )S  STOP
(S (SBAR Although (S (NP the legislation )NP (VP would (VP apply (PP to (NP (NP any acquisition )NP (PP of (NP a major airline )NP )PP )NP )PP )VP )VP )S )SBAR , (NP it )NP (VP is (VP aimed (PP at (NP (NP transactions )NP (VP financed (PP by (NP (NP large amounts )NP (PP of (NP debt )NP )PP )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP the bill )NP )PP )NP (VP are (ADJP concerned (SBAR (S (NP an airline )NP (VP might (VP *UNK (NP costly safety measures )NP (SBAR in order (S (VP to (VP repay (NP debt )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP (NP The panel 's )NP action )NP (VP occurs (PP in (NP (NP a (ADJP politically charged )ADJP atmosphere )NP (VP surrounding (NP (NP recent buy-out proposals )NP , (NP their apparent collapse )NP and (NP (NP the volatile conditions )NP (PP in (NP the stock market )NP )PP )NP )NP )VP )NP )PP )VP . )S  STOP
(S `` (S (NP (NP It )NP )NP (VP became (ADJP apparent )ADJP (PP in (NP hearings )NP )PP (SBAR that (S (NP there )NP (VP ought (S (VP to (VP be (NP (NP regulation )NP (PP of (NP leveraged buy-outs )NP )PP (PP of (NP some sort )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP )S , '' (NP (NP Rep. James *UNKC )NP (PRN -LRB- (NP (NP D. )NP , (NP Minn. )NP )NP -RRB- )PRN , (NP (NP chairman )NP (PP of (NP the House Aviation Subcommittee )NP )PP )NP , )NP (VP said (PP during (NP (NP the panel 's )NP *UNK )NP )PP )VP . )S  STOP
(S `` (NP I )NP (VP do n't (VP believe (SBAR (S (PP in (NP the airline business )NP )PP (NP you )NP (VP can (VP be (ADJP totally *UNK- )ADJP )VP )VP )S )SBAR (PP because of (NP (NP the high degree )NP (PP of (NP public interest )NP )PP '' (PP at (NP stake )NP )PP )NP )PP )VP )VP . )S  STOP
(S But (NP Mr. Skinner )NP (VP *UNKED , (S (VP calling (S (NP the legislation )NP `` (NP (NP a retreat )NP (PP from (NP (NP the policy )NP (PP of (NP (NP *UNK )NP (PP of (NP the airline industry )NP )PP )NP )PP )NP )PP )NP )S )VP )S )VP . '' )S  STOP
(S (PP In (NP (NP his letter )NP (PP to (NP (NP Committee Chairman Glenn Anderson )NP (PRN -LRB- (NP (NP D. )NP , (NP Calif. )NP )NP -RRB- )PRN )NP )PP )NP )PP , (NP the secretary )NP (ADVP also )ADVP (VP said (SBAR (S (NP the bill )NP `` (VP would (VP be (PP at (NP (NP odds )NP (PP with (NP (NP (NP the administration 's )NP policies )NP (VP *UNKING (NP (NP open foreign investment )NP and (NP (NP market allocation )NP (PP of (NP resources )NP )PP )NP )NP )VP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (ADVP Currently )ADVP , (NP the Transportation Department )NP (VP does n't (VP have (NP the authority (S (VP to (VP block (NP a takeover )NP (PP in (NP advance )NP )PP )VP )VP )S )NP )VP )VP . )S  STOP
(S (ADVP However )ADVP , (SBAR if (S (NP the secretary )NP (VP concludes (SBAR that (S (NP a transaction )NP (VP has (VP made (S (NP a carrier )NP (ADJP *UNK (S (VP to (VP operate )VP )VP )S )ADJP )S )VP )VP )S )SBAR )VP )S )SBAR , (NP the department )NP (VP may (VP *UNK (NP its certificate )NP , (S (VP *UNKING (NP the airline )NP )VP )S )VP )VP . )S  STOP
(SINV (S (NP Such authority )NP (VP is (ADJP (ADJP more )ADJP (PP than (ADJP adequate )ADJP )PP )ADJP )VP )S , (VP say )VP (NP (NP opponents )NP (PP of (NP the legislation )NP )PP )NP . )SINV  STOP
(S But (NP supporters )NP (VP argue (SBAR that (S (S (VP *UNKING (NP an airline )NP )VP )S (VP is (ADJP (ADJP so *UNK )ADJP (SBAR that (S (NP the department )NP (VP would (VP *UNK (S (VP doing (NP it )NP )VP )S )VP )VP )S )SBAR )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP The panel )NP (VP rejected (NP (NP a proposal )NP (VP pushed (PP by (NP (NP AMR Corp. )NP , (NP (NP the parent )NP (PP of (NP American Airlines )NP )PP )NP , )NP )PP )VP (S (VP to (VP allow (S (NP the Transportation secretary )NP (VP to (VP block (NP corporate raiders )NP (PP from (S (VP *UNKING (NP proxy *UNK )NP (S (VP to (VP oust (NP (NP boards )NP (SBAR (WHNP that )WHNP (S (VP oppose (NP a leveraged buy-out )NP )VP )S )SBAR )NP )VP )VP )S )VP )S )PP )VP )VP )S )VP )VP )S )NP )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP voted (PRT down )PRT (NP proposals (S (VP (VP to (VP give (NP the secretary )NP (NP (NP (ADJP much more )ADJP discretion )NP (PP on (SBAR whether (S (VP to (VP block (NP a buy-out )NP )VP )VP )S )SBAR )PP )NP )VP )VP and (VP to (VP require (S (NP the department )NP (VP to (VP consider (NP (NP the impact )NP (PP of (NP a buy-out )NP )PP (PP on (NP workers )NP )PP )NP )VP )VP )S )VP )VP )VP )S )NP )VP . )S  STOP
(S (NP London shares )NP (VP rallied (S (VP to (VP post (NP strong gains )NP )VP )VP )S (SBAR after (S (NP initial fears )NP (VP *UNKED (SBAR that (S (NP the California earthquake )NP (VP would (VP *UNK (NP Wall Street prices )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Tokyo stocks )NP , (SBAR (WHNP which )WHNP (S (VP rebounded (ADVP strongly )ADVP (NP Tuesday )NP )VP )S )SBAR , )NP (VP extended (NP their gains )NP (NP yesterday )NP )VP )S , but (S (NP most other (ADJP Asian and Pacific )ADJP markets )NP (VP closed (S (ADJP sharply lower )ADJP )S )VP )S . )S  STOP
(S (PP In (NP London )NP )PP , (NP the Financial *UNKC Exchange 100-share index )NP (VP jumped (NP *UNKN points )NP (S (VP to (VP close (PP at (NP (NP its intraday high )NP (PP of (NP *UNKN )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The index )NP (VP was (PP under (NP pressure )NP )PP (PP for (NP (NP most )NP (PP of (NP the morning )NP )PP )NP )PP (PP over (NP concerns (SBAR that (S (NP (NP the effects )NP (PP of (NP (NP (NP Tuesday night 's )NP major earthquake )NP (PP in (NP the San Francisco area )NP )PP )NP )PP )NP (VP would (VP undermine (NP the U.S. market )NP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (S (NP The mood )NP (VP changed (SBAR after (S (NP dealers )NP (VP *UNKED (NP (NP the direct impact )NP (PP of (NP the disaster )NP )PP (PP on (NP shares )NP )PP )NP )VP )S )SBAR )VP )S and (S (NP Wall Street )NP (VP rebounded (PP from (NP early losses )NP )PP )VP )S . )S  STOP
(S (NP The Financial Times 30-share index )NP (VP settled (S (ADJP (NP *UNKN points )NP higher )ADJP )S (PP at (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP Volume )NP (VP was (NP (NP (QP *UNKN million )QP shares )NP , (NP (NP the *UNK )NP (PP of (NP a *UNK week )NP )PP )NP , (PP compared (PP with (NP (NP (QP *UNKN million )QP )NP (NP Tuesday )NP )NP )PP )PP )NP )VP . )S  STOP
(S (NP (NP U.K. (ADJP composite , or *UNK- , )ADJP insurers )NP , (SBAR (WHNP which )WHNP (S (NP some equity analysts )NP (VP said (SBAR (S (VP might (VP be (VP (ADVP heavily )ADVP hit (PP by (NP the earthquake disaster )NP )PP )VP )VP )VP )S )SBAR )VP )S )SBAR , )NP (VP helped (S (VP support (NP the London market )NP (PP by (S (VP showing (NP only narrow losses )NP (PP in (NP early trading )NP )PP )VP )S )PP )VP )S )VP . )S  STOP
(S (S (NP (NP The insurers ' )NP relative *UNK )NP (VP gave (NP the market )NP (NP (NP time )NP (SBAR (S (VP to (VP *UNK (NP (NP the impact )NP (PP of (NP the California disaster )NP )PP (PP on (NP U.K. equities )NP )PP )NP )VP )VP )S )SBAR )NP )VP )S , (NP dealers )NP (VP said )VP . )S  STOP
(S (NP Dealers )NP (VP said (SBAR (S (NP the market )NP (ADVP still )ADVP (VP has n't (VP shaken (PRT off )PRT (NP its *UNK )NP (PP after (NP (NP its *UNK ride )NP (PP of (NP the past several sessions )NP )PP , (VP caused (PP by (NP (NP (NP interest-rate increases )NP (NP last week )NP )NP and (NP (NP (NP Wall Street 's )NP (ADJP 6.9 % )ADJP plunge )NP (NP Friday )NP )NP )NP )PP )VP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP technical factors )NP , (PP including (NP (NP modest gains )NP (PP in (NP (NP the value )NP (PP of (NP the pound )NP )PP )NP )PP )NP )PP , )NP (VP helped (S (VP (VP draw (NP buying )NP (ADVP back )ADVP (PP into (NP the market )NP )PP )VP and (VP reverse (NP (NP losses )NP (VP posted (ADVP (NP a day )NP earlier )ADVP )VP )NP )VP )VP )S )VP . )S  STOP
(S (PP Among (NP composite insurers )NP )PP , (S (NP General *UNKC )NP (VP rose (NP 10 pence )NP (PP to (NP (NP (NP # *UNKN )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN )NP (NP a share )NP )NP )PP )VP )S , (S (NP *UNKC Royal )NP (VP climbed (NP 5 )NP (PP to (NP *UNKN pence )NP )PP )VP )S , (S (NP Sun Alliance )NP (VP rose (NP 3 )NP (PP to (NP *UNKN )NP )PP )VP )S , and (S (NP Royal Insurance )NP (VP jumped (NP 12 )NP (PP to (NP 450 )NP )PP )VP )S . )S  STOP
(S (NP Life insurers )NP (VP *UNKED (ADVP *UNKLY )ADVP , (PP with (S (NP Legal & General )NP (VP advancing (NP 3 )NP (PP to (NP *UNKN )NP )PP )VP )S )PP , (SBAR although (S (NP Prudential )NP (VP fell (NP 2 )NP (PP to (NP (QP *UNKN 1\/2 )QP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP *UNKC Group )NP (VP rose (NP 5 )NP (PP to (NP *UNKN )NP )PP )VP )S , and (S (NP Sun Life )NP (VP finished (S (ADJP unchanged )ADJP )S (PP at (NP # *UNKN )NP )PP )VP )S . )S  STOP
(S (NP Most banking issues )NP (VP retreated (PP after (NP (NP a sector *UNK )NP (PP by (NP *UNKC Securities )NP )PP )NP )PP , (SBAR although (S (NP National *UNKC )NP (VP showed (NP strength )NP (PP on (NP (NP positive comments )NP (PP from (NP brokerage firms )NP )PP (PP about (NP its long-term prospects )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP (NP the (ADJP most actively traded )ADJP )NP (PP of (NP the banks )NP )PP )NP , )NP (VP finished (PP at (NP 300 )NP )PP , (ADVP up (NP 1 )NP )ADVP )VP . )S  STOP
(S (NP B.A.T Industries )NP (VP (VP fell (PP in (NP early dealings )NP )PP )VP but (VP recovered (S (VP to (VP finish (PP at (NP *UNKN )NP )PP , (ADVP up (NP 5 )NP )ADVP )VP )VP )S )VP )VP . )S  STOP
(S (NP Dealers )NP (VP said (SBAR (S (NP the market )NP (VP was (ADJP nervous )ADJP (ADVP ahead (PP of (NP (NP (NP a special B.A.T holders ' )NP meeting )NP (NP today )NP )NP )PP )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP The session )NP (VP is (S (VP to (VP consider (NP a defensive plan (S (VP to (VP spin (PRT off )PRT (NP assets )NP (S (VP to (VP fend (PRT off )PRT (NP (NP (NP Sir James Goldsmith 's )NP (ADJP (QP # 13.4 billion )QP )ADJP bid )NP (PP for (NP B.A.T )NP )PP )NP )VP )VP )S )VP )VP )S )NP )VP )VP )S )VP . )S  STOP
(S (S (NP The recent stock market drop )NP (VP has (VP shaken (NP (NP confidence )NP (PP in (NP the plan )NP )PP )NP )VP )VP )S , but (S (NP dealers )NP (VP said (SBAR (S (NP the shares )NP (VP fell (ADVP initially )ADVP (PP on (NP (NP questions )NP (PP about (SBAR whether (S (NP (NP Mr. Goldsmith 's )NP (ADJP highly leveraged )ADJP bid )NP (VP will (VP come (PP to (NP *UNK )NP )PP )VP )VP )S )SBAR )PP )NP )PP )VP )S )SBAR )VP )S . )S  STOP
(S (NP (NP Trading )NP )NP (VP was (VP suspended (PP in (NP (NP WCRS Group )NP , (NP a U.K. advertising concern )NP , )NP )PP (PP pending (NP an announcement (SBAR that (S (NP it )NP (VP is (VP (VP buying (NP (NP the remaining 50 % )NP (PP of (NP (NP France 's )NP *UNKC Holding )NP )PP )NP (PP for (NP (NP (QP *UNKN billion )QP French francs )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP )PP )VP and (VP expanding (NP (NP (UCP commercial and equity )UCP ties )NP (PP with (NP advertising group Eurocom )NP )PP )NP )VP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC banker Morgan Grenfell )NP (VP climbed (NP 14 )NP (PP to (NP *UNKN )NP )PP (PP on (NP renewed takeover speculation )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (VP (ADVP also )ADVP mentioned (PP in (NP the *UNK mill )NP )PP )VP , )NP (VP jumped (NP 14 )NP (FRAG (PP at )PP )FRAG (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP Jaguar )NP (VP advanced (NP 19 )NP (PP to (NP *UNKN )NP )PP (SBAR as (S (NP traders )NP (VP *UNKED (NP (NP a potential battle )NP (PP between (NP (NP General Motors )NP and (NP Ford Motor )NP )NP )PP (PP for (NP (NP control )NP (PP of (NP the U.K. luxury auto maker )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP Tokyo 's )NP Nikkei index )NP (PP of (NP 225 issues )NP )PP )NP (VP rose (NP (NP *UNKN points )NP , or (NP *UNKN % )NP , )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP The index )NP (VP gained (NP *UNKN )NP (NP Tuesday )NP )VP . )S  STOP
(S (NP Volume )NP (VP was (VP estimated (PP at (NP (NP (QP 800 million )QP shares )NP , (PP compared (PP with (NP (NP (QP *UNKN million )QP )NP (NP Tuesday )NP )NP )PP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Declining issues )NP (VP outnumbered (NP *UNK )NP (ADVP *UNKN )ADVP , (SBAR with (S (NP *UNKN )NP (ADJP unchanged )ADJP )S )SBAR )VP . )S  STOP
(S (NP (NP The Tokyo Stock Price Index )NP (PP of (NP (NP all issues )NP (VP listed (PP in (NP the first section )NP )PP )VP )NP )PP , (SBAR (WHNP which )WHNP (S (VP gained (NP *UNKN )NP (NP Tuesday )NP )VP )S )SBAR , )NP (VP was (ADVP up (NP (NP *UNKN points )NP , or (NP *UNKN % )NP , )NP )ADVP (PP at (NP *UNKN )NP )PP )VP . )S  STOP
(S (PP In (NP early trading )NP )PP (PP in (NP Tokyo )NP )PP (NP Thursday )NP , (NP the Nikkei index )NP (VP rose (NP *UNKN points )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (S (PP On (NP Wednesday )NP )PP , (NP shares )NP (VP were (VP pushed (ADVP up )ADVP (PP by (NP (NP (NP *UNKED buying )NP (PP on (NP (NP the part )NP (PP of (NP investment *UNK )NP )PP )NP )PP )NP as well as (NP (NP small orders )NP (PP from (NP individuals and corporations )NP )PP )NP )NP )PP )VP )VP )S , (NP traders )NP (VP said )VP . )S  STOP
(S (NP Institutions )NP , (ADVP meanwhile )ADVP , (VP stepped (ADVP back )ADVP (PP to (NP the sidelines )NP )PP (SBAR as (S (NP (NP the direction )NP (PP of (NP U.S. interest rates )NP )PP )NP (VP remained (ADJP unclear )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP The uncertainty )NP (VP was (VP *UNKED (PP (PP by (NP (NP the persistent strength )NP (PP of (NP the dollar )NP )PP )NP )PP (PRN , (S (NP traders )NP (VP said )VP )S , )PRN and (PP by (NP (NP the U.S. trade deficit )NP , (SBAR (WHNP which )WHNP (S (VP widened (PP by (NP 31 % )NP )PP (PP in (NP August )NP )PP (PP from (NP the previous month )NP )PP )VP )S )SBAR )NP )PP )PP )VP )VP . )S  STOP
(S (NP Traders and analysts )NP (VP said (SBAR (S (NP they )NP (VP did n't (VP see (NP (NP any effect )NP (PP on (NP Tokyo stocks )NP )PP (PP from (NP the California earthquake )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP The impact )NP (PP on (NP (NP Japanese (NX (NX insurers )NX and (NX property owners )NX )NX )NP (PP with (NP (NP interests )NP (PP in (NP the San Francisco area )NP )PP )NP )PP )NP )PP )NP (VP is (ADVP still )ADVP (VP being (VP *UNKED )VP )VP )VP )S , (NP they )NP (VP said )VP . )S  STOP
(S (S (NP Buying )NP (VP was (VP *UNKED (PP across (NP (NP a wide range )NP (PP of (NP issues )NP )PP )NP )PP , (S (VP making (S (NP the session )NP (ADJP fairly *UNK )ADJP )S )VP )S )VP )VP )S , (NP traders )NP (VP said )VP . )S  STOP
(S (S (PP With (S (NP uncertainty )NP (ADVP still )ADVP (VP hanging (PP over (NP (NP interest rates )NP and (NP the dollar )NP )NP )PP )VP )S )PP , (NP the market )NP (VP failed (S (VP to (VP find (NP (NP a focus )NP (SBAR (WHNP that )WHNP (S (VP might (VP lead (PP to (NP further investor commitments )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP )S , (NP they )NP (VP said )VP . )S  STOP
(S (NP Some traders )NP (VP said (SBAR (S (NP (NP the popularity )NP (PP of (NP (NP issues )NP (SBAR (WHNP that )WHNP (S (VP gained (NP yesterday )NP )VP )S )SBAR )NP )PP )NP (VP wo n't (VP last (ADVP long )ADVP , (SBAR as (S (NP investors )NP (VP will (VP *UNK (NP their buying choices )NP (PP over (NP the short term )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP (ADJP Interest *UNK- )ADJP shares )NP (PP such as (NP steel , construction and electric utility companies )NP )PP )NP , (SBAR (WHNP which )WHNP (S (VP rose (ADVP early (PP in (NP the week )NP )PP )ADVP )VP )S )SBAR , )NP (VP saw (S (NP their advance )NP (VP weaken (NP yesterday )NP )VP )S )VP . )S  STOP
(S (NP Traders )NP (VP said (SBAR (S (S (NP these issues )NP (VP need (NP *UNK- buying )NP (S (VP to (VP push (PRT up )PRT (NP their prices )NP )VP )VP )S )VP )S , so (S (NP substantial gains )NP (VP are n't (ADJP likely )ADJP (SBAR unless (S (NP institutional investors )NP (VP participate )VP )S )SBAR )VP )S )S )SBAR )VP . )S  STOP
(S (NP (NP An outstanding issue )NP (PP in (NP (NP yesterday 's )NP session )NP )PP )NP (VP was (NP (NP Mitsubishi *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP surged (NP 95 )NP (PP to (NP (NP (NP *UNKN yen )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN )NP (NP a share )NP )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP Its popularity )NP (VP was (ADJP due (PP to (NP (NP speculation )NP (PP about (NP (NP the strong earnings potential )NP (PP of (NP (NP a new type )NP (PP of (NP plastic *UNK )NP )PP (PP for (NP household use )NP )PP )NP )PP )NP )PP )NP )PP )ADJP )VP )S , (NP (NP a trader )NP (PP at (NP County *UNKC Securities Japan )NP )PP )NP (VP said )VP . )S  STOP
(S (S (NP Some *UNK food issues )NP (VP attracted (NP *UNK- )NP )VP )S , (NP traders )NP (VP said )VP . )S  STOP
(S (S (NP *UNKC *UNKC )NP (VP was (ADVP up (NP 100 )NP )ADVP (PP at (NP 2,000 )NP )PP )VP )S , and (S (NP *UNKC )NP (VP gained (NP 70 )NP (PP to (NP *UNKN )NP )PP )VP )S . )S  STOP
(S (NP Pharmaceuticals )NP (VP were (ADJP mostly higher )ADJP , (PP with (S (NP *UNK Pharmaceutical )NP (VP gaining (NP 140 )NP (PP to (NP *UNKN )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP Shares )NP (VP closed (S (ADJP lower )ADJP )S (PP in (NP (NP other major (ADJP Asian and Pacific )ADJP markets )NP , (PP including (NP (NP Sydney )NP , (NP Hong Kong )NP , (NP Singapore )NP , (NP Taipei )NP , (NP Wellington )NP , (NP Seoul )NP and (NP Manila )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Most )NP (PP of (NP those markets )NP )PP )NP (VP had (VP rebounded (NP (NP the day )NP (ADVP before )ADVP )NP (PP from (NP (NP Monday 's )NP slide )NP )PP )VP )VP . )S  STOP
(S But (PP unlike (NP the Tokyo exchange )NP )PP , (NP they )NP (VP failed (S (VP to (VP extend (NP the rise )NP (PP to (NP a second session )NP )PP )VP )VP )S )VP . )S  STOP
(S (ADVP Elsewhere )ADVP , (NP prices )NP (VP (VP surged (PP for (NP a second day )NP )PP (PP in (NP Frankfurt )NP )PP )VP , (VP closed (S (ADJP higher )ADJP )S (PP in (NP Zurich , Stockholm and Amsterdam )NP )PP )VP and (VP were (ADJP broadly lower )ADJP (PP in (NP Milan , Paris and Brussels )NP )PP )VP )VP . )S  STOP
(S (NP (ADJP South African )ADJP gold stocks )NP (VP ended (S (ADJP marginally firmer )ADJP )S )VP . )S  STOP
(S (PP In (NP Brussels )NP )PP , (NP it )NP (VP was (NP the first trading day )NP (PP for (NP most major shares )NP )PP (SBAR since (S (NP stocks )NP (VP tumbled (PP on (NP Wall Street )NP )PP (NP Friday )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Trading )NP (VP had (VP been (VP *UNKED (PP by (NP (NP a major computer failure )NP (SBAR (WHNP that )WHNP (S (VP took (NP place )NP (PP before (NP (NP the start )NP (PP of (NP (NP Monday 's )NP session )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(SINV (ADVP Here )ADVP (VP are )VP (NP (NP price trends )NP (PP on (NP (NP the world 's )NP major stock markets )NP )PP , (SBAR as (S (VP calculated (PP by (NP (NP Morgan Stanley Capital International Perspective )NP , (NP Geneva )NP )NP )PP )VP )S )SBAR )NP . )SINV  STOP
(S (S (VP To (VP make (S (NP them )NP (ADJP directly comparable )ADJP )S )VP )VP )S , (NP each index )NP (VP is (VP based (PP on (S (NP (NP the close )NP (PP of (NP 1969 )NP )PP )NP (VP equaling (NP 100 )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP The percentage change )NP (VP is (PP since (NP year-end )NP )PP )VP . )S  STOP
(S (S (NP Housing construction )NP (VP sank (PP in (NP September )NP )PP (PP to (NP (NP its lowest level )NP (PP since (NP the last recession )NP )PP )NP )PP )VP )S , (NP the Commerce Department )NP (VP reported )VP . )S  STOP
(S (S (NP (NP *UNKC )NP )NP (VP began (PP on (NP homes and apartments )NP )PP (PP at (NP (NP an annual rate )NP (PP of (NP *UNKN units )NP )PP )NP )PP (NP last month )NP , (ADVP down (NP 5.2 % )NP (PP from (NP August )NP )PP )ADVP )VP )S , (NP the department )NP (VP said )VP . )S  STOP
(S (NP The September decline )NP (VP (VP followed (NP (NP an (ADJP even *UNK )ADJP drop )NP (PP of (NP 6.2 % )NP )PP (PP in (NP August )NP )PP )NP )VP and (VP left (NP housing starts )NP (PP at (NP (NP their *UNK )NP (PP since (NP (NP October 1982 )NP , (SBAR (WHADVP when )WHADVP (S (NP the country )NP (VP was (VP *UNKING (NP (NP the end )NP (PP of (NP a recession )NP )PP )NP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP (NP the department )NP (VP had (VP reported (NP the August decline )NP (PP as (NP 5 % )NP )PP )VP )VP . )S  STOP
(S (NP The numbers )NP (VP suggest (SBAR that (S (NP the housing industry )NP (VP is (ADVP still )ADVP (VP suffering (NP (NP the effects )NP (PP of (NP (NP (NP the Federal Reserve 's )NP battle )NP (PP against (NP inflation )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The industry )NP (VP had (VP shown (NP (NP signs )NP (PP of (NP recovery )NP )PP )NP (NP this summer )NP , (SBAR after (S (NP the central bank )NP (VP began (S (VP to (VP relax (NP (NP its *UNK )NP (PP on (NP credit )NP )PP )NP , (S (VP allowing (S (NP interest rates )NP (VP to (VP drop (NP a bit )NP (PP after (S (VP pushing (NP them )NP (PRT up )PRT (PP for (NP a year )NP )PP )VP )S )PP )VP )VP )S )VP )S )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP (NP Sales )NP (PP of (NP new homes )NP )PP )NP (VP rose )VP )S and (S (NP (NP inventories )NP (PP of (NP houses )NP )PP , (SBAR (WHNP which )WHNP (S (VP had (VP been (VP climbing )VP )VP )VP )S )SBAR )NP , (VP dropped )VP )S . )S  STOP
(S But (NP last month )NP (NP (NP new construction )NP (PP in (NP (NP all types )NP (PP of (NP homes )NP )PP )NP )PP )NP (VP *UNKED , (PP (PP from (NP *UNKLY houses )NP )PP (PP to (NP large apartment *UNK )NP )PP )PP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's (ADJP (ADVP pretty much )ADVP weak )ADJP (PP across (NP the board )NP )PP )VP )S , '' (VP said )VP (NP (NP Martin *UNKC )NP , (NP (NP chief economist )NP (PP of (NP (NP the National Council )NP (PP of (NP Savings Institutions )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP the industry )NP (VP may (VP be (ADJP reluctant (S (VP to (VP step (PRT up )PRT (NP building )NP )VP )VP )S )ADJP (PP at (NP the moment )NP )PP (PP for (NP fear (SBAR (S (NP (NP the inventories )NP (PP of (NP *UNK homes )NP )PP )NP (VP will (VP increase (ADVP again )ADVP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Another reason )NP (PP for (NP the weakness )NP )PP )NP (PRN , (S (NP he )NP (VP said )VP )S , )PRN (VP may (VP be (SBAR that (S (NP mortgage rates )NP (VP have (VP hit (NP a *UNK )NP (SBAR since (S (NP they )NP (VP began (S (VP *UNKING (ADVP down )ADVP (PP after (NP (NP a peak )NP (PP in (NP March )NP )PP )NP )PP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (PP In (NP August )NP )PP , (NP (NP rates )NP (PP on (NP 30-year fixed-rate mortgages )NP )PP )NP (VP started (S (VP *UNKING (ADVP up )ADVP (NP a bit )NP )VP )S )VP )S , but (S (NP they )NP (VP inched (ADVP down )ADVP (ADVP again )ADVP (PP through (NP September )NP )PP )VP )S . )S  STOP
(S `` (S (NP Rates )NP (VP have n't (ADVP really )ADVP (VP *UNKED (PRT off )PRT (NP that much )NP )VP )VP )S , '' (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S `` (NP We )NP (VP 've (VP (ADVP kind of )ADVP settled (ADVP now )ADVP (PP into (NP (NP an interest-rate environment )NP (SBAR (WHNP that )WHNP (S (VP 's (ADJP fairly high )ADJP )VP )S )SBAR )NP )PP )VP )VP . '' )S  STOP
(S (NP (NP *UNKC )NP )NP (VP was (VP begun (PP on (NP (NP single family homes )NP (PRN -- (NP (NP the core )NP (PP of (NP the housing market )NP )PP )NP -- )PRN )NP )PP (PP at (NP (NP (NP an annual rate )NP (PP of (NP *UNKN )NP )PP )NP )NP )PP (PP in (NP September )NP )PP , (NP (NP a drop )NP (PP of (NP 2.1 % )NP )PP (PP from (NP the previous month )NP )PP )NP )VP )VP . )S  STOP
(S (NP That )NP (VP followed (NP (NP a (ADJP 3.3 % )ADJP decline )NP (PP in (NP August )NP )PP )NP )VP . )S  STOP
(S (NP (NP Construction )NP (PP of (NP (NP apartments )NP and (NP other *UNKLY *UNK )NP )NP )PP )NP (VP slipped (NP 2.2 % )NP (PP to (NP (NP an annual rate )NP (PP of (NP *UNKN )NP )PP )NP )PP (PP following (NP (NP a (ADJP 3.5 % )ADJP decline )NP (PP in (NP August )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The number )NP (PP of (NP (NP building permits )NP (VP issued )VP (PP for (NP future construction )NP )PP )NP )PP )NP (VP dropped (NP 2.4 % )NP (PP to (NP a *UNKN annual rate )NP )PP (PP after (S (VP rising (NP 3.7 % )NP (PP in (NP August )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP All the numbers )NP (VP were (VP adjusted (PP for (NP (NP normal seasonal variations )NP (PP in (NP building activity )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The housing starts numbers )NP , (ADVP however )ADVP , (VP (VP are (NP (NP one )NP (PP of (NP (NP the least precise )NP (PP of (NP (NP the government 's )NP economic indicators )NP )PP )NP )PP )NP )VP and (VP are (ADVP often )ADVP (VP revised (ADVP significantly )ADVP (SBAR as (S (NP more information )NP (VP is (VP *UNKED )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (S (NP Shearson Lehman Hutton Holdings Inc. )NP (VP posted (NP (NP a sharp third-quarter turnaround )NP (PP from (ADVP (NP a year )NP earlier )ADVP )PP )NP )VP )S , but (S (NP net income )NP (VP would (VP have (VP dropped (PP from (NP the second quarter )NP )PP (PP without (NP a (ADJP (QP $ 37 million )QP )ADJP after-tax gain )NP )PP )VP )VP )VP )S . )S  STOP
(S (NP The securities firm )NP (VP posted (NP (NP third-quarter net )NP (PP of (NP (NP (QP $ 66 million )QP )NP , or (NP (NP 64 cents )NP (NP a share )NP )NP , )NP )PP (PP compared (PP with (NP (NP a restated year-earlier loss )NP (PP of (NP (NP (QP $ 3 million )QP )NP , or (NP (NP 11 cents )NP (NP a share )NP )NP )NP )PP )NP )PP )PP )NP )VP . )S  STOP
(S (NP Revenue )NP (VP climbed (NP 25 % )NP (PP to (NP (QP $ 3.3 billion )QP )NP )PP (PP from (NP (QP $ 2.6 billion )QP )NP )PP )VP . )S  STOP
(S (NP The latest period )NP (VP included (NP (NP the gain )NP , (SBAR (WHNP which )WHNP (S (VP was (NP (QP $ 77 million )QP )NP (PP before (NP tax )NP )PP )VP )S )SBAR , (PP from (NP (NP the (ADJP previously announced )ADJP sale )NP (PP of (NP (NP the institutional money management business )NP (PP of (NP Lehman Management Co )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The 1988 period )NP (VP was (VP restated (PP from (NP (NP net income )NP (PP of (NP (QP $ 8 million )QP )NP )PP )NP )PP (S (VP to (VP correct (NP (NP an *UNK )NP (PP in (NP (NP the company 's )NP Boston Co. subsidiary )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP In (NP the 1989 second quarter )NP )PP , (NP Shearson )NP (VP had (NP (NP net income )NP (PP of (NP (NP (QP $ 55 million )QP )NP , or (NP (NP 54 cents )NP (NP a share )NP )NP )NP )PP )NP )VP . )S  STOP
(S (NP An average (QP *UNKN million )QP common shares )NP (VP were (ADJP outstanding )ADJP (PP in (NP the latest quarter )NP )PP , (ADVP up (PP from (NP (QP *UNKN million )QP )NP )PP )ADVP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP (NP yesterday )NP , (NP Shearson shares )NP (VP lost (NP 37.5 cents )NP (PP to (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP (NP the improved performance )NP (PP from (ADVP (NP a year )NP ago )ADVP )PP )NP (VP reflects (NP (NP higher commissions and revenue )NP (PP from (NP (NP *UNKING and trading )NP (PP for (NP its own account )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Commission revenue )NP (VP was (NP (QP $ *UNKN million )QP )NP , (ADVP up (NP 49 % )NP )ADVP )VP . )S  STOP
(S But (NP industrywide trading activity )NP (VP slowed (PP in (NP September )NP )PP (SBAR as (S (S (NP institutional investors )NP (VP turned (ADJP cautious )ADJP )VP )S and (S (NP individuals )NP (VP continued (S (VP to (VP *UNK (ADVP away )ADVP (PP from (NP the market )NP )PP )VP )VP )S )VP )S )S )SBAR )VP . )S  STOP
(S (NP Investment banking revenue )NP (VP fell (NP 32 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP , (S (PP in (NP part )NP )PP (VP reflecting (NP (NP the continued slowdown )NP (PP of (NP the underwriting business )NP )PP )NP )VP )S )VP . )S  STOP
(S (PP In (NP the nine months )NP )PP , (NP net )NP (VP fell (NP 3 % )NP (PP to (NP (NP (QP $ 106 million )QP )NP , or (NP (NP 98 cents )NP (NP a share )NP )NP )NP )PP , (PP from (NP (NP (QP $ 110 million )QP )NP , or (NP (NP $ 1.05 )NP (NP a share )NP )NP )NP )PP )VP . )S  STOP
(S (NP Revenue )NP (VP advanced (NP 26 % )NP (PP to (NP (QP $ 9.6 billion )QP )NP )PP (PP from (NP (QP $ 7.6 billion )QP )NP )PP )VP . )S  STOP
(S (NP Two major drug companies )NP (VP posted (NP strong third-quarter earnings )NP , (PP in (NP (NP line )NP (PP with (NP (NP (NP profits )NP (VP (ADVP already )ADVP reported (PP by (NP industry leaders )NP )PP )VP )NP and (NP (NP analysts ' )NP expectations )NP )NP )PP )NP )PP )VP . )S  STOP
(S But (NP (NP *UNKC Inc. )NP , (VP based (PP in (NP New York )NP )PP )VP , )NP (VP reported (NP flat earnings )NP )VP . )S  STOP
(S (NP (NP Schering-Plough Corp. )NP , (VP based (PP in (NP (NP Madison )NP , (NP N.J. )NP , )NP )PP )VP )NP (VP reported (NP (NP a (ADJP 21 % )ADJP rise )NP (PP in (NP earnings )NP )PP )NP (SBAR as (S (NP (NP American Home Products Corp. )NP (PP of (NP New York )NP )PP )NP (VP posted (NP (NP an (ADJP 11 % )ADJP increase )NP (PP in (NP net )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(NP American Home Products )NP  STOP
(S (NP American Home Products )NP (VP said (SBAR (S (NP (NP sales and earnings )NP (PP for (NP (NP the third quarter )NP and (NP nine months )NP )NP )PP )NP (VP were (PP at (NP record levels )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Sales )NP (PP for (NP the third quarter )NP )PP )NP (VP increased (NP 6.5 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP (NP Sales )NP (PP of (NP health-care products )NP )PP )NP (VP increased (NP 6 % )NP (PP in (NP the third quarter )NP )PP , (PP based (PP in (NP part )NP )PP (PP on (NP (NP (NP strong sales )NP (PP of (NP (NP prescription drugs )NP (PP such as (NP (NP *UNKC )NP , (NP an *UNK- drug )NP , )NP )PP )NP )PP )NP and (NP (NP sales )NP (PP of (NP (NP the company 's )NP *UNK formula )NP )PP )NP )NP )PP )PP )VP . )S  STOP
(S (NP American Home Products )NP (VP said (SBAR (S (NP net income )NP (VP benefited (PP from (NP (NP (NP a `` lower effective tax rate )NP , '' (VP reflecting (NP (NP a reduction )NP (PP of (NP foreign tax rates )NP )PP )NP )VP )NP , and (NP (NP additional operations )NP (PP in (NP Puerto Rico )NP )PP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Net )NP (ADVP also )ADVP (VP was (VP aided (PP by (NP (NP a gain )NP (PP on (NP (NP the sale )NP (PP of (NP (NP (NP the company 's )NP equity interests )NP (PP in (NP South Africa )NP )PP )NP )PP )NP )PP (ADJP effective (NP Sept. 1 )NP )ADJP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP (NP yesterday )NP , (NP American Home Products )NP (VP closed (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP , (ADVP down (NP 75 cents )NP )ADVP )VP . )S  STOP
(NP Pfizer )NP  STOP
(S (NP Pfizer )NP (VP said (SBAR (S (NP third-quarter sales )NP (VP increased (NP 4 % )NP (PP to (NP (QP $ 1.44 billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP net income )NP (VP was (ADJP flat )ADJP (PP because of (NP (NP (NP investment )NP (PP in (NP research and development )NP )PP )NP and (NP (NP costs )NP (ADJP related (PP to (NP (NP *UNK )NP (PP of (NP several products )NP )PP )NP )PP )ADJP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP (NP the dollar 's )NP continued strengthening )NP (VP reduced (NP world-wide sales growth )NP (PP by (NP three percentage points )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Pfizer )NP (VP posted (NP (NP its largest gains )NP (PP in (NP (NP (NP *UNK sales )NP , (ADVP up (NP 3 % )NP )ADVP , )NP and (NP (NP consumer products )NP , (ADVP up (NP 23 % )NP )ADVP )NP )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP Sales )NP (PP by (NP the specialty chemicals and materials science segments )NP )PP )NP (VP were (ADJP flat )ADJP )VP )S , and (S (NP (NP sales )NP (PP by (NP the agriculture segment )NP )PP )NP (VP declined (NP 5 % )NP )VP )S . )S  STOP
(S (PP In (NP the health-care segment )NP )PP , (S (NP pharmaceutical sales )NP (VP increased (NP 4 % )NP )VP )S and (S (NP (NP sales )NP (PP of (NP hospital products )NP )PP )NP (VP increased (NP 1 % )NP )VP )S . )S  STOP
(S (PP During (NP the quarter )NP )PP , (NP Pfizer )NP (VP received (NP (NP federal approval )NP (PP of (NP (NP (NP *UNKC *UNK )NP , (NP (NP a *UNK channel *UNK )NP (VP approved (PP for (NP both *UNK and *UNK )NP )PP )VP )NP , )NP and (NP (NP *UNKC *UNKC )NP , (VP used (S (VP to (VP open (NP *UNKED *UNK *UNK )NP )VP )VP )S )VP )NP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP (NP yesterday )NP , (NP Pfizer )NP (VP closed (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP , (ADVP up (NP 75 cents )NP )ADVP )VP . )S  STOP
(NP Schering-Plough )NP  STOP
(S (NP Schering-Plough )NP (VP said (SBAR (S (NP sales )NP (VP gained (NP 2.7 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP the period )NP )PP , (NP the company )NP (VP (VP completed (NP (NP the sale )NP (PP of (NP its European cosmetics businesses )NP )PP )NP )VP , (VP sold (NP (NP a majority interest )NP (PP in (NP its Brazilian affiliate )NP )PP )NP )VP , and (VP announced (NP (NP the reorganization )NP (PP of (NP its over-the-counter drug businesses )NP )PP (PP into (NP (NP a new unit )NP , (NP Schering-Plough Health Care Products )NP )NP )PP )NP )VP )VP . )S  STOP
(S (NP These actions )NP (VP did n't (VP affect (NP results )NP (SBAR because (S (NP (NP the gain )NP (PP on (NP (NP the sale )NP (PP of (NP the European cosmetics businesses )NP )PP )NP )PP )NP (VP was (VP offset (PP by (NP (NP provisions )NP (VP relating (PP to (NP the (NX (NX Brazil divestiture )NX and (NX drug restructuring )NX )NX )NP )PP )VP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP U.S. pharmaceutical sales )NP (VP rose (NP 15 % )NP , (S (VP led (PP by (NP (NP *UNK , *UNK and cold products )NP ; (NP *UNK products )NP ; (NP (NP *UNK- )NP and (NP *UNK- products )NP )NP ; and (NP *UNK products )NP )NP )PP )VP )S )VP . )S  STOP
(S (NP *UNKC consumer product sales )NP (VP declined (NP 12 % )NP , (PP (ADVP primarily )ADVP because of (NP the European cosmetics sale )NP )PP )VP . )S  STOP
(S (NP (NP (ADJP *UNKLY lower )ADJP sales )NP (PP of (NP ` *UNKC *UNKC ' *UNK *UNK )NP )PP )NP (ADVP also )ADVP (VP were (NP (NP a factor )NP (PP in (NP the drop )NP )PP )NP )VP . )S  STOP
(S (NP The *UNKC beauty product line )NP (VP had (NP higher sales )NP (PP following (NP a sluggish first half )NP )PP )VP . )S  STOP
(S (PP In (NP Big Board composite trading )NP )PP , (NP Schering-Plough shares )NP (VP fell (NP 75 cents )NP (S (VP to (VP close (PP at (NP $ *UNKN )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Swedish auto and aerospace concern Saab-Scania AB )NP (VP said (SBAR (S (NP it )NP (VP received (NP (NP a (ADJP (ADJP (QP 250 million )QP *UNK )ADJP (PRN -LRB- (ADJP (QP $ 39 million )QP )ADJP -RRB- )PRN )ADJP order )NP )NP (PP from (NP (NP Swiss *UNKC )NP , (NP (NP one )NP (PP of (NP (NP Europe 's )NP leading regional air companies )NP )PP )NP , )NP )PP (PP for (NP five Saab *UNK *UNK *UNK aircraft )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP It )NP )NP (VP is (ADJP quite unfortunate )ADJP (SBAR that (S (NP you )NP (VP failed (ADVP so *UNKLY )ADVP (PP in (S (VP reporting (NP the Hurricane Hugo disaster )NP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Your (NAC Sept. 27 )NAC *UNK- article )NP `` (S (NP Charleston )NP (VP *UNKC (NP (NP *UNKC a *UNKC )NP )NP (PP to (NP Hugo )NP )PP , (NP *UNKLY *UNKC )NP )VP )S '' )NP (VP leaves (NP the impression (SBAR that (S (NP the storm )NP (VP was (ADJP (ADJP little more )ADJP (PP than (NP an *UNK )NP )PP )ADJP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP The damage )NP (VP reported )VP )NP (VP focused (PP on (NP (NP a select few )NP (SBAR (WHNP who )WHNP (S (VP owned (NP (NP *UNK historic homes )NP (PP on (NP the *UNKC )NP )PP )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(SINV (VP Not mentioned )VP (VP were )VP (NP (NP (NP (NP the 50,000 people )NP (VP *UNKED (S (ADJP *UNK )ADJP )S )VP )NP , and (NP (NP the (QP more than 200,000 )QP )NP (ADJP out (PP of (NP work )NP )PP )ADJP (PP for (NP an *UNK period )NP )PP )NP )NP ; (NP (NP the (QP $ 1 *UNK- )QP )NP (PP in (NP (NP losses )NP (PP to (NP (NP (NP homes )NP and (NP personal property )NP )NP (PP on (NP the barrier *UNK )NP )PP )NP )PP )NP )PP )NP ; (NP (NP the (ADJP near - and long-term )ADJP impact )NP (PP on (NP (NP (NP the state 's )NP largest industry )NP , (NP tourism )NP )NP )PP )NP , (CONJP not to mention )CONJP (NP the human suffering )NP )NP . )SINV  STOP
(S (PP In (S (VP *UNKING (PP on (NP (NP (NP the disruption )NP (PP of (NP (NP a few *UNK local *UNK )NP (PP such as (NP the historic homes tour )NP )PP )NP )PP )NP and (NP (NP the damage )NP (PP to (NP the *UNK )NP )PP )NP )NP )PP )VP )S )PP , (NP your reporter )NP (VP served (S (VP to (ADVP only )ADVP (VP *UNK (NP (NP an (ADJP (ADJP *UNKED )ADJP and (ADJP *UNKLY *UNK )ADJP )ADJP view )NP (PP of (NP this (ADJP otherwise *UNKING )ADJP port city )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP The damage )NP (VP will (ADVP *UNKLY )ADVP (VP prove (S (VP to (VP be (NP (NP one )NP (PP of (NP (NP the *UNK (ADJP human and economic )ADJP disasters )NP (PP of (NP the decade )NP )PP (PP in (NP this country )NP )PP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(NP David M. *UNKC )NP  STOP
(NP (NP Columbia )NP , (NP *UNKC . )NP )NP  STOP
(S (NP Your story )NP (VP was (ADJP *UNK and *UNK )ADJP )VP . )S  STOP
(S (S (VP *UNKING (NP (NP the people )NP (PP of (NP a *UNKED city )NP )PP (VP *UNKING (PP from (NP (NP a disaster )NP (PP of (NP unprecedented *UNK )NP )PP )NP )PP )VP )NP )VP )S (VP was (PP at (NP the (ADJP very best )ADJP )NP )PP (ADJP *UNK )ADJP (PP under (NP the circumstances )NP )PP )VP . )S  STOP
(S (NP Your narrow focus )NP (VP appears (S (VP to (VP be (NP a *UNKED attempt (S (VP to (VP show (S (NP (NP the people )NP (PP of (NP that historic city )NP )PP )NP (VP to (VP be (NP *UNKING *UNK )NP )VP )VP )S )VP )VP )S )NP )VP )VP )S )VP . )S  STOP
(S (NP You )NP (VP had (S (VP to (VP have (VP been (ADJP *UNK )ADJP )VP )VP )VP )S (S not (VP to (VP see (NP (NP the scenario )NP (ADVP there )ADVP )NP (PP for (NP (SBAR (WHNP what )WHNP (S (NP it )NP (VP (VP was )VP and (VP is )VP and (VP will (VP continue (S (VP to (VP be )VP )VP )S (PP for (NP (NP months )NP and even (NP years )NP )NP )PP )VP )VP )VP )S )SBAR -- (NP (NP a part )NP (PP of (NP South Carolina )NP )PP (SBAR (WHNP that )WHNP (S (VP has (VP sustained (NP (NP a blow )NP (SBAR (WHNP that )WHNP (S (NP the Red Cross )NP (VP expects (SBAR (S (VP will (VP cost (NP (NP that organization )NP (ADVP alone )ADVP )NP (NP (QP some $ 38 million )QP )NP )VP )VP )S )SBAR )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )NP )PP )VP )VP )S )VP . )S  STOP
(NP William C. *UNKC Jr . )NP  STOP
(NP (NP Columbia )NP , (NP *UNKC . )NP )NP  STOP
(S (NP Charleston )NP (VP (VP is (ADJP historic and *UNK )ADJP , (SBAR as (S (NP your reporter )NP (VP said )VP )S )SBAR )VP , but not (VP (ADJP *UNK )ADJP , (SBAR as (S (NP he )NP (VP suggested )VP )S )SBAR )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP (VP are (ADVP instead )ADVP (ADJP *UNK )ADJP )VP and (VP have (VP contributed (ADVP *UNKLY )ADVP (PP to (NP (NP the culture and history )NP (PP of (NP our country )NP )PP )NP )PP (PP for (NP (QP more than 300 )QP years )NP )PP )VP )VP )VP . )S  STOP
(S (NP I )NP (VP suggest (SBAR (S (NP your reporter )NP (VP see (NP (NP Charleston )NP )NP (NP next spring )NP (PP in (NP its full *UNK )NP )PP )VP )S )SBAR )VP . )S  STOP
(NP William C. Stuart III )NP  STOP
(NP (NP Silver *UNKING )NP , (NP Md . )NP )NP  STOP
(S (NP (NP *UNKED *UNKC )NP (PP of (NP Colorado Inc. )NP )PP )NP (VP said (SBAR (S (NP it )NP (VP agreed (S (VP to (VP sell (NP (NP its (ADJP 10 % )ADJP interest )NP (PP in (NP *UNKC Mountain *UNKC Systems )NP )PP )NP (PP for (NP (QP $ *UNKN million )QP )NP )PP (PP to (NP (NP (NP Colorado National Bank )NP (PP of (NP Denver )NP )PP )NP and (NP (NP Central Bank )NP (PP of (NP Denver )NP )PP )NP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP Colorado National )NP (VP is (NP (NP a unit )NP (PP of (NP Colorado National *UNKC Inc. )NP )PP )NP )VP )S and (S (NP Central )NP (VP is (NP (NP a unit )NP (PP of (NP (NP First Bank System )NP (PP of (NP Minneapolis )NP )PP )NP )PP )NP )VP )S . )S  STOP
(S (NP *UNKED )NP (VP said (SBAR (S (NP it )NP (VP expects (S (VP to (VP record (NP (NP a pretax gain )NP (PP of (NP (QP about $ *UNKN million )QP )NP )PP (PP from (NP (NP the sale )NP (PP of (NP the credit-card business )NP )PP , (SBAR (WHNP which )WHNP (S (VP should (VP (ADVP more than )ADVP offset (NP (NP any reduction )NP (PP in (NP (NP the carrying value )NP (PP of (NP (NP (NP real estate )NP and (NP real-estate loans )NP )NP (PP on (NP its books )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The U.S. *UNKC Bank )NP (VP (ADVP tentatively )ADVP decided (S (VP to (VP guarantee (NP (NP commercial bank financing )NP (PP for (NP (NP the purchase )NP (PP of (NP two Boeing Co. *UNKN *UNK )NP )PP (PP by (NP (NP *UNKC )NP , (NP (NP Colombia 's )NP international airline )NP , )NP )PP (PP at (NP (NP a cost )NP (PP of (NP (QP about $ 150 million )QP )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP The loan guarantee )NP (VP would (VP amount (PP to (NP (NP (QP about $ *UNKN million )QP )NP , or (NP (NP 85 % )NP (PP of (NP (NP the cost )NP (PP of (NP the aircraft )NP )PP )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (PP Because of (NP (NP the size )NP (PP of (NP the proposed loan guarantee )NP )PP )NP )PP , (NP (NP the *UNKC Bank 's )NP preliminary commitment )NP (VP is (ADJP subject (PP to (VP (NP review )NP (PP by (NP the House and Senate Banking committees )NP )PP )VP )PP )ADJP )VP . )S  STOP
(S (NP *UNKC Bank officials )NP (VP said (SBAR (S (NP this review process )NP (ADVP currently )ADVP (VP is (PP under (NP way )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Guzman Cabrera )NP (VP took (PRT over )PRT (NP (NP the oil workers union )NP , (NP (NP Mexico 's )NP (ADJP most powerful )ADJP labor organization )NP , )NP (NP only last January )NP )VP . )S  STOP
(S But (PP even in (NP that short time )NP )PP (NP Mr. Guzman Cabrera )NP (VP has (VP become (ADJP (ADJP as controversial )ADJP (PP in (NP his own way )NP )PP (PP as (NP (NP (NP his *UNKED predecessor )NP , (NP *UNKC *UNKC *UNKC )NP , )NP (VP known (PP as (NP La *UNKC )NP )PP )VP )NP )PP )ADJP )VP )VP . )S  STOP
(S (NP President Carlos Salinas de *UNKC )NP (VP used (NP the army )NP (S (VP to (VP oust (NP (NP La *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP *UNKED (PP for (NP 28 years )NP )PP (PP over (NP (NP a *UNKED empire )NP (SBAR (WHNP that )WHNP (S (VP made (S (NP *UNK- (NX (NX *UNKC *UNKC )NX , or (NX Pemex )NX , )NX )NP (NP (NP one )NP (PP of (NP (NP the world 's )NP (ADJP most inefficient )ADJP oil companies )NP )PP )NP )S )VP )S )SBAR )NP )PP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (ADVP Now )ADVP , (NP Mr. Guzman Cabrera )NP (VP is (VP facing (NP accusations (SBAR that (S (NP he )NP (VP 's (NP (NP (ADJP as much )ADJP a company man )NP (SBAR as (S (NP La *UNKC )NP (VP was (NP a *UNK )NP )VP )S )SBAR )NP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (PP In (NP (NP recent contract negotiations )NP (PP with (NP Pemex management )NP )PP )NP )PP , (NP Mr. Guzman Cabrera )NP (VP accepted (NP (NP major concessions )NP (SBAR (WHNP that )WHNP (S (VP (ADVP greatly )ADVP curtail (NP (NP (NP the union 's )NP role )NP (PP in (NP (NP *UNKING )NP , (RRC (ADVP long )ADVP (NP (NP a source )NP (PP of (NP (NP millions )NP (PP of (NP dollars )NP )PP (PP in (NP *UNK earnings )NP )PP )NP )PP )NP )RRC )NP )PP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S And (PP with (S (NP (NP the quiet *UNK )NP (PP of (NP Mr. Guzman Cabrera )NP )PP )NP (VP replacing (NP (NP the *UNKLY *UNK )NP (PP of (NP La *UNKC )NP )PP )NP )VP )S )PP , (NP government *UNK )NP (VP have (VP been (VP given (NP (NP a free hand )NP (SBAR (S (VP to (VP open (NP the petrochemical sector )NP (PP to (NP wider private and foreign investment )NP )PP )VP )VP )S )SBAR )NP )VP )VP )VP . )S  STOP
(S (NP (NP Mr. Guzman Cabrera 's )NP new order )NP (VP has n't (VP arrived (PP without (NP resistance )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP between (NP union *UNK )NP )PP )NP (ADVP still )ADVP (VP *UNK (PP at (NP Pemex installations )NP )PP )VP . )S  STOP
(S (NP *UNKC leader *UNKC *UNKC )NP (VP (ADVP publicly )ADVP questioned (NP (NP Mr. Guzman Cabrera 's )NP `` moral quality )NP , '' (S (VP suggesting (SBAR (S (NP he )NP (VP is (NP (NP part )NP (PP of (NP a conspiracy (S (VP to (VP turn (PRT over )PRT (NP (NP (NP the country 's )NP oil )NP , (NP (NP a symbol )NP (PP of (NP Mexican *UNK )NP )PP )NP , )NP (PP to (NP foreigners )NP )PP )VP )VP )S )NP )PP )NP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP The *UNK- Mr. Guzman Cabrera )NP (VP takes (NP such *UNK )NP (PP in (NP *UNK )NP )PP )VP . )S  STOP
(S `` (S (NP This )NP (VP is n't (NP (NP a new kind )NP (PP of (NP union leadership )NP )PP )NP )VP )S , (S (NP it )NP (VP 's (NP a new Mexico )NP )VP )S . )S  STOP
(S (S (NP We )NP (VP 're (ADVP no longer )ADVP (ADJP afraid (PP of (S (VP *UNKING (PP with (NP (ADJP private or foreign )ADJP capital )NP )PP )VP )S )PP )ADJP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP (NP Pemex )NP , (SBAR (WHNP which )WHNP (S (VP produces (NP (NP 40 % )NP (PP of (NP government revenue )NP )PP )NP )VP )S )SBAR , )NP (VP (ADVP desperately )ADVP needs (NP new investment )NP )VP . )S  STOP
(S (SBAR Since (S (NP world oil prices )NP (VP collapsed (PP in (NP 1982 )NP )PP )VP )S )SBAR , (NP the government )NP (VP has (VP *UNKED (NP (NP Pemex 's )NP *UNK )NP (S (VP to (VP make (NP (NP payments )NP (PP on (NP (NP Mexico 's )NP (ADJP (QP $ 97 billion )QP )ADJP foreign debt )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Little money )NP )NP (VP has (VP been (VP returned (SBAR (S (VP to (VP upgrade (NP (NP Pemex 's )NP aging facilities )NP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (SBAR While (S (NP the government )NP (VP *UNK (NP Pemex )NP (PP from (NP above )NP )PP )VP )S )SBAR , (NP the union )NP (VP has (VP *UNKED (NP it )NP (PP from (NP below )NP )PP )VP )VP . )S  STOP
(S (NP (NP A *UNKED payroll )NP and (NP pervasive *UNK )NP )NP (VP caused (S (NP (NP Pemex 's )NP operating costs )NP (VP to (VP balloon (PP to (NP (NP (NP 95 cents )NP (PP of (NP (NP each $ 1 )NP (PP in (NP sales )NP )PP )NP )PP )NP , (PP (ADVP far )ADVP above (NP the industry *UNK )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP The declines )NP (PP in (NP investment and efficiency )NP )PP )NP (VP explain (PP in (NP part )NP )PP (SBAR (WHADVP why )WHADVP (S (NP Mexico )NP (VP has (VP been (VP *UNKING (NP gasoline )NP (NP this year )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Some projections )NP (VP show (S (NP Mexico )NP (VP importing (NP crude )NP (PP by (NP (NP the end )NP (PP of (NP the century )NP )PP )NP )PP , (PP barring (NP (NP an overhaul )NP (PP of (NP operations )NP )PP )NP )PP )VP )S )VP . )S  STOP
(SINV `` (S (SBAR (WHNP Whatever )WHNP (S (NP you )NP (VP tried (S (VP to (VP change )VP )VP )S )VP )S )SBAR , (SBAR whether (S (NP it )NP (VP was (S (VP (VP cutting (NP costs )NP )VP or (VP attracting (NP new partners )NP )VP )VP )S )VP )S )SBAR , (NP the big obstacle )NP (VP was (NP the old union leadership )NP )VP )S , '' (VP says )VP (NP oil consultant George Baker )NP . )SINV  STOP
(S (VP *UNKC (NP (NP Mr. Guzman Cabrera )NP , (SBAR (WHNP who )WHNP (S (VP has (NP (NP a clear understanding )NP (PP of (SBAR (WHADVP where )WHADVP (S (NP union leaders )NP (VP fit (PP in (NP (NP the *UNK- regime )NP (PP of (NP President Salinas )NP )PP )NP )PP )VP )S )SBAR )PP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S `` (S (NP I )NP (VP 'm (NP the *UNK- )NP , (SBAR if (S (NP there )NP (VP is (NP one )NP )VP )S )SBAR )VP )S , '' (NP he )NP (VP says , (S (VP *UNKING (NP (NP a *UNK )NP (PP to (NP his office )NP )PP )NP )VP )S )VP . )S  STOP
(S (S (VP *UNKING (PP as (NP (NP a *UNK )NP (PP in (NP a refinery )NP )PP )NP )PP )VP )S , (NP Mr. Guzman Cabrera )NP (VP put (PRT in )PRT (NP (QP more than 40 )QP years )NP (PP at (NP Pemex )NP )PP (PP before (S (VP being (VP pushed (PP into (NP retirement )NP )PP (PP by (NP La *UNKC )NP )PP (PP after (NP (NP a dispute )NP (ADVP (NP two years )NP ago )ADVP )NP )PP )VP )VP )S )PP )VP . )S  STOP
(S (SBAR Though (S (NP he )NP (ADVP also )ADVP (ADVP long )ADVP (VP benefited (PP from (NP (NP the system )NP (VP built (PP by (NP La *UNKC )NP )PP )VP )NP )PP )VP )S )SBAR , (NP Mr. Guzman Cabrera )NP (VP says (SBAR (S (NP union *UNK )NP (VP had (ADVP simply )ADVP (VP gotten (ADJP out (PP of (NP hand )NP )PP )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP They )NP (VP are `` (PP at (NP (NP the base )NP (PP of (NP (NP all )NP (PP of (NP (NP the problems )NP (PP of (NP corruption )NP )PP )NP )PP )NP )PP )NP )PP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (ADVP Thus )ADVP , (PP in (NP recent contract negotiations )NP )PP , (NP Mr. Guzman Cabrera )NP (VP gave (PRT up )PRT (NP (NP the union 's )NP right (S (VP to (VP *UNK (NP (NP 40 % )NP (PP of (NP (NP (NP all )NP (PP of (NP (NP Pemex 's )NP outside contracts )NP )PP )NP -- (NP (NP an enormous source )NP (PP of (NP *UNK )NP )PP )NP )NP )PP )NP )VP )VP )S )NP )VP . )S  STOP
(S (NP The union )NP (ADVP also )ADVP (VP *UNKED (NP (NP the (ADJP 2 % )ADJP commission )NP (SBAR (S (NP it )NP (VP had (VP received (PP on (NP all Pemex maintenance contracts )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S -LRB- (NP The union )NP (VP will (VP keep (NP (NP a (ADJP 2 % )ADJP commission )NP (PP on (NP construction projects )NP )PP )NP )VP )VP . -RRB- )S  STOP
(S (NP The new contract )NP (ADVP also )ADVP (VP *UNK (NP (NP the (ADJP $ 15 )ADJP monthly coupon )NP , (ADJP good (PP (ADVP only )ADVP at (NP *UNKED grocery stores )NP )PP )ADJP , (SBAR (WHNP that )WHNP (S (VP was (NP (NP part )NP (PP of (NP (NP the salary )NP (PP of (NP (NP every worker )NP , (PP (PP from (NP *UNK )NP )PP (PP to (NP chief executive )NP )PP )PP )NP )PP )NP )PP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP (QP About *UNKN )QP technical workers )NP , (NP notably *UNK and lawyers )NP , )NP (VP were (VP switched (PP to (NP *UNK- status )NP )PP )VP )VP . )S  STOP
(S (S (ADVP Also )ADVP , (PP because of (NP its reduced capital budget )NP )PP , (NP Pemex )NP (VP has (VP phased (PRT out )PRT (NP (QP about 50,000 )QP *UNK construction workers )NP , (S (VP reducing (NP the work force )NP (PP to (NP (QP about *UNKN )QP )NP )PP )VP )S )VP )VP )S , (NP the union leader )NP (VP says )VP . )S  STOP
(S (NP Mr. Guzman Cabrera )NP (VP says (SBAR (S (NP (NP the union 's )NP *UNK )NP (VP will (VP be (VP offset (PP by (NP (NP a wage and benefit package )NP (SBAR (WHNP that )WHNP (S (VP amounts (PP to (NP (NP a (ADJP 22 % )ADJP increase )NP (PP in (NP compensation )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP Pemex managers )NP (VP are (NP (NP the ones )NP (VP most *UNKED (PP by (NP the contract )NP )PP )VP )NP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP are (VP *UNKING (NP (NP the instruments )NP (PP of (NP administration )NP )PP )NP )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP a Pemex *UNK )NP )NP . )SINV  STOP
(S (S (NP Pemex officials )NP (VP would n't (VP say (SBAR (WHNP (WHADJP how much )WHADJP money )WHNP (S (NP the new contract )NP (VP would (VP save (NP the company )NP )VP )VP )S )SBAR )VP )VP )S , but (S (NP one previous government estimate )NP (VP pegged (NP savings )NP (PP at (NP (NP (QP around $ 500 million )QP )NP (NP a year )NP )NP )PP )VP )S . )S  STOP
(S (NP (NP Pemex 's )NP customers )NP (ADVP also )ADVP (VP are (VP pleased (PP with (NP (NP the company 's )NP new spirit )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP a big conglomerate )NP , )NP (VP has (ADVP long )ADVP (VP *UNKED (PP on (NP Pemex *UNK )NP )PP (S (VP to (VP produce (NP plastic *UNKING material )NP )VP )VP )S )VP )VP . )S  STOP
(S But (SBAR (WHADVP when )WHADVP (S (NP the Pemex plant )NP (VP shut (PRT down )PRT (PP for (NP an annual overhaul )NP )PP )VP )S )SBAR , (NP it )NP (VP would (ADVP never )ADVP (VP give (NP notice )NP (PP to (NP its customers )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP The *UNK )NP (VP would (VP (ADVP completely )ADVP disrupt (NP our operations )NP )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC *UNKC )NP , (NP (NP *UNKC 's )NP finance director )NP )NP . )SINV  STOP
(S (NP This year )NP , (PP for (NP the first time )NP )PP , (NP (NP *UNKC )NP and (NP other customers )NP )NP (VP were (VP *UNKED (PP (ADVP well )ADVP in (NP (NP advance )NP (PP of (NP (NP the Pemex plant 's )NP *UNK )NP )PP )NP )PP (S (VP to (VP ensure (NP minimal *UNK )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (VP *UNKING (NP the union )NP )VP )S (VP *UNK (NP (NP previous moves )NP (PP by (NP the government )NP )PP (S (VP to (VP attract (NP (NP private investment )NP (PP in (NP (NP *UNK )NP , (SBAR (WHNP which )WHNP (S (NP Mexico )NP (VP has (VP been (VP forced (S (VP to (VP import (PP in (NP large quantities )NP )PP )VP )VP )S (PP in (NP recent years )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )NP )VP . )S  STOP
(S (PP In (NP May )NP )PP , (NP the government )NP (VP unveiled (NP (NP new foreign investment regulations )NP (SBAR (WHNP that )WHNP (S (VP create (NP (NP special *UNK )NP (VP allowing (S (NP (NP foreigners )NP , (VP (ADVP long )ADVP limited (PP to (NP (NP a (ADJP 40 % )ADJP stake )NP (PP in (NP secondary petrochemical companies )NP )PP )NP )PP )VP , )NP (VP to (VP own (NP (QP up to 100 )QP % )NP )VP )VP )S )VP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP Later )ADVP , (NP the government )NP (VP *UNKED (NP several basic *UNK )NP (PP as (NP secondary products )NP )PP )VP . )S  STOP
(S But (NP (NP (NP Pemex 's )NP *UNK )NP (PP with (NP (NP private companies )NP , and (ADVP especially )ADVP (NP foreign ones )NP , )NP )PP )NP (VP is (ADJP controversial )ADJP (PP in (NP (NP a country )NP (SBAR (WHADVP where )WHADVP (S (NP oil )NP (VP has (VP been (NP (NP a symbol )NP (PP of (NP national sovereignty )NP )PP )NP (SBAR since (S (NP foreign oil holdings )NP (VP were (VP *UNKED (PP in (NP *UNKN )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(SINV `` (S (NP They )NP (VP are (VP preparing (NP the workers )NP (PP for (NP (SBAR (WHNP what )WHNP (S (VP 's (VP coming )VP )VP )S )SBAR : (NP foreign control )NP )NP )PP )VP )VP )S , '' (VP wrote )VP (NP (NP *UNKC *UNKC )NP , (NP a *UNK leader )NP )NP . )SINV  STOP
(S (NP (NP Mr. Guzman Cabrera )NP and (NP government officials )NP )NP (VP insist (SBAR that (S (NP foreigners )NP (VP will (VP be (VP limited (PP to (S (VP investing (PP in (NP secondary petroleum products )NP )PP )VP )S )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP the new union leader )NP (VP makes (NP no *UNK )NP (PP for (NP (NP Pemex 's )NP (ADJP more *UNKING )ADJP attitude )NP )PP )VP . )S  STOP
(S `` (S (SBAR If (S (NP we )NP (VP do not (VP *UNK (PP into (NP (NP this new world )NP (PP of (NP *UNK )NP )PP )NP )PP )VP )VP )S )SBAR , (ADVP sooner or later )ADVP (NP we )NP (VP 're (VP going (S (VP to (VP become (NP (NP victims )NP (PP of (NP our own *UNK )NP )PP )NP )VP )VP )S )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP *UNKC *UNKING )NP (VP *UNKC (S (VP to (VP *UNKC (NP *UNKC )NP )VP )VP )S )VP )S  STOP
(S (NP *UNKC (NX (NX *UNKC )NX and (NX their *UNK )NX )NX )NP (VP are (VP seeking (NP counseling )NP (SBAR as (S (NP work and family pressures )NP (VP mount )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Some employers )NP (VP *UNK (NP *UNK )NP , (SBAR (ADVP especially )ADVP if (S (NP work problems )NP (VP *UNK (NP (NP a top manager 's )NP job )NP )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP Many couples )NP `` (VP are (UCP (PP like (NP (NP ships )NP (VP passing (PP in (NP the night )NP )PP )VP )NP )PP , '' (NP (NP a communications *UNK )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP problems )NP (PP (PP on (NP the job )NP )PP and (PP at (NP home )NP )PP )PP )VP )S )SBAR )NP )UCP )VP )S , (VP says )VP (NP *UNK Harry *UNKC )NP . )SINV  STOP
(S (NP (NP His *UNKC Institute )NP (PP in (NP (NP *UNKC )NP , (NP Mass. )NP , )NP )PP )NP (VP has (VP seen (PP in (NP recent years )NP )PP (NP (NP a doubling )NP (PP in (NP (NP the number )NP (PP of (NP executives and *UNK )NP )PP (PP at (NP its *UNK counseling program )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP foot (NP the bill )NP (PRN , (S (NP he )NP (VP says )VP )S , )PRN (S (VP figuring (SBAR (S (SBAR (WHNP what )WHNP (S (VP 's (ADJP good (PP for (NP the couple )NP )PP )ADJP )VP )S )SBAR (VP is (ADJP good (PP for (NP the company )NP )PP )ADJP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP One East Coast manufacturing executive )NP , (S (VP faced (PP with (NP (NP a job transfer )NP (SBAR (S (NP his wife )NP (VP *UNKED )VP )S )SBAR )NP )PP )VP )S , (VP found (SBAR that (S (NP counseling )NP (VP helped (S (NP them )NP both (VP come (PP to (NP (NP *UNK )NP (PP with (NP the move )NP )PP )NP )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(S And (NP (NP the vice president )NP (PP of (NP a large *UNKC company )NP )PP )NP (VP realized (SBAR that (S (NP an *UNK *UNK )NP (VP threatened (NP his career )NP )VP )S )SBAR (SBAR (WHADVP when )WHADVP (S (NP his wife )NP (VP *UNKED (SBAR that (S (NP (NP similar behavior )NP (PP at (NP home )NP )PP )NP (VP *UNKED (NP their marriage )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP More *UNK- couples )NP (ADVP also )ADVP (VP are (VP getting (NP help )NP , (PP with (S (NP men )NP (ADVP increasingly )ADVP (VP bringing (NP their working *UNK )NP (PP for (NP joint counseling )NP )PP )VP )S )PP )VP )VP . )S  STOP
(SINV `` (S (NP (NP The level )NP (PP of (NP stress )NP )PP (PP for (NP a woman )NP )PP )NP (VP is (ADVP often )ADVP (ADJP (ADJP so high )ADJP , (SBAR (S (NP it )NP (VP 's (NP the husband )NP (SBAR (WHNP who )WHNP (S (VP says , ` (S (NP I )NP (VP 'm (ADJP worried (PP about (NP her )NP )PP )ADJP )VP )S )VP )S )SBAR )VP )S )SBAR )ADJP )VP )S , ' '' (VP says )VP (NP *UNK *UNKC *UNKC *UNKC )NP . )SINV  STOP
(S (NP (NP Her Institute )NP (PP for (NP Family and *UNKC *UNKC )NP )PP (PP in (NP (NP La Jolla )NP , (NP Calif. )NP , )NP )PP )NP (VP has (VP noted (NP (NP a doubling )NP (PP in (NP (NP the number )NP (PP of (NP (NP couples )NP (VP seeking (NP help )NP )VP )NP )PP )NP )PP (NP the past two years )NP )NP )VP )VP . )S  STOP
(SINV `` (S (ADVP No matter (SBAR (WHADJP how *UNK and smart )WHADJP (S (NP you )NP both (VP are )VP )S )SBAR )ADVP , (NP the relationship )NP (ADVP almost certainly )ADVP (VP will (VP erode (SBAR if (S (NP you )NP (VP do n't (VP have (NP (NP time )NP (SBAR (S (VP (VP to (VP talk )VP )VP , (VP to (VP have (NP fun )NP )VP )VP and (VP to (VP be (ADJP *UNK )ADJP )VP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )VP )S , '' (VP says )VP (NP Ms. *UNKC )NP . )SINV  STOP
(S (NP She )NP (VP urges (NP client couples )NP (S (VP to (VP begin (NP a `` *UNK '' period )NP , (S (VP (VP *UNKING (NP (ADJP (ADJP social )ADJP and (ADJP other *UNK )ADJP )ADJP activities )NP )VP and (VP setting (NP time )NP (ADVP apart )ADVP (PP for (NP themselves )NP )PP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S `` (S (VP *UNKING (NP those times )NP (PP on (NP the calendar )NP )PP )VP )S (PRN , '' (S (NP she )NP (VP says )VP )S , )PRN `` (VP is (ADJP (ADJP as important )ADJP (PP as (S (VP *UNKING (NP business appointments )NP )VP )S )PP )ADJP )VP . '' )S  STOP
(S (NP (NP Power )NP (PP of (NP *UNKC )NP )PP )NP (ADJP *UNKC )ADJP (PP in (NP Japan )NP )PP )S  STOP
(S (S (ADVP *UNKC )ADVP (VP 'S )VP (NP (NP (ADJP *UNKC more )ADJP explanation )NP (PP for (SBAR (WHADVP why )WHADVP (S (NP Japan )NP (VP is (NP a tough industrial competitor )NP )VP )S )SBAR )PP )NP )S : (S (NP (QP Two of three )QP Japanese employees )NP (VP submit (NP (NP suggestions )NP (SBAR (S (VP to (VP (VP save (NP money )NP )VP , (VP increase (NP efficiency )NP )VP and (VP boost (NP *UNK )NP )VP )VP )VP )S )SBAR )NP , (SBAR while (S (NP (NP (QP only 8 )QP % )NP (PP of (NP American workers )NP )PP )NP (VP do )VP )S )SBAR )VP )S . )S  STOP
(S And (NP the Japanese )NP (VP make (NP (NP (ADJP far more )ADJP suggestions )NP -- (NP (NP (NP *UNKN )NP (PP per (NP 100 eligible employees )NP )PP )NP vs. (NP (NP only 13 )NP (PP per (NP 100 employees )NP )PP (PP in (X the )X )PP )NP )NP )NP )VP )S  STOP
(S (NP (NP Data )NP (PP for (NP 1987 )NP )PP (PP from (NP (NP (NP the National Association )NP (PP of (NP *UNKC Systems )NP )PP )NP and (NP the Japan Human Relations Association )NP )NP )PP )NP (ADVP also )ADVP (VP indicate (SBAR that (S (NP Japanese employers )NP (VP adopt (NP (QP four of five )QP suggestions )NP , (SBAR while (S (NP their U.S. counterparts )NP (VP accept (NP (QP just one in four )QP )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP Japan )NP )PP , (NP small suggestions )NP (VP are (VP encouraged )VP )VP . )S  STOP
(S (NP Each new employee )NP (VP is (VP expected (S (VP to (VP submit (NP four )NP (ADVP daily )ADVP (PP in (NP (NP the first few months )NP (PP on (NP the job )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(SINV (S (NP U.S. companies )NP (VP tend (S (VP to (VP favor (NP (NP suggestions )NP `` (SBAR (WHNP that )WHNP (S (VP go (PP for (NP the home runs )NP )PP )VP )S )SBAR )NP )VP )VP )S )VP )S , '' (VP says )VP (NP (NP Gary *UNKC )NP , (NP (NP vice president )NP (PP of (NP corporate quality )NP )PP (PP at (NP Control Data Corp )NP )PP )NP )NP . )SINV  STOP
(S (NP That )NP (VP helps (S (VP explain (SBAR (WHADVP why )WHADVP (S (NP American employers )NP (VP grant (NP (NP an average award )NP (PP of (NP (NP $ *UNKN )NP (PP per (NP suggestion )NP )PP )NP )PP )NP , (SBAR while (S (NP (NP Japan 's )NP payment )NP (VP is (NP $ *UNKN )NP )VP )S )SBAR )VP )S )SBAR )VP )S )VP . )S  STOP
(S (ADVP Still )ADVP , (NP (NP (NP suggestions ' )NP net savings )NP (PP per (NP 100 employees )NP )PP )NP (VP is (NP (NP (NP $ *UNKN )NP (PP in (NP Japan )NP )PP )NP vs. (NP (NP $ *UNKN )NP (PP in (NP the U.S. )NP )PP )NP )NP )VP . )S  STOP
(S (NP (NP U.S. companies )NP (VP developing (NP management teams )NP )VP )NP (VP are (VP *UNKING (PP with (SBAR (WHADVP how )WHADVP (S (VP to (VP handle (NP individual suggestion systems )NP )VP )VP )S )SBAR )PP )VP )VP . )S  STOP
(S (NP Control Data )NP , (PP for (NP one )NP )PP , (VP plays (PRT down )PRT (NP its employee suggestion program )NP (SBAR because (S (NP it )NP (VP favors (NP the *UNK- focus )NP )VP )S )SBAR )VP . )S  STOP
(NP (NP *UNKC *UNKC )NP : (S (VP *UNKC (NP *UNKC *UNKC )NP )VP )S )NP  STOP
(S (NP *UNKC security directors )NP (ADVP increasingly )ADVP (VP worry (SBAR that (S (NP merger *UNK )NP (VP *UNK (NP (NP a rise )NP (PP in (NP employee *UNK )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP A Security magazine survey )NP (VP places (NP (NP the effect )NP (PP of (NP takeovers and buy-outs )NP )PP )NP (PP among (NP (NP the industry 's )NP 10 biggest challenges )NP )PP )VP . )S  STOP
(SINV `` (S (SBAR If (S (NP it )NP (VP causes (S (NP management )NP (VP to (VP take (NP their eye )NP (PP off (NP the ball )NP )PP )VP )VP )S )VP )S )SBAR , (NP inventory *UNK )NP (VP is (VP going (S (VP to (VP be (VP affected )VP )VP )VP )S )VP )VP )S , '' (VP says )VP (NP (NP Lewis *UNKLY )NP , (NP (NP vice president )NP (PP for (NP loss *UNK )NP )PP (PP at (NP (NP Marshall Field 's )NP , (NP the department store chain )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP A separate study )NP (PP of (NP (NP the extent )NP (PP of (NP employee *UNK )NP )PP )NP )PP )NP (VP linked (NP general job satisfaction )NP (PP to (NP property loss )NP )PP )VP . )S  STOP
(S (NP *UNKC Richard *UNKC )NP (VP cites (SBAR (WHNP what )WHNP (S (VP happened (PP at (NP (NP one *UNKED company )NP (VP *UNKED (PP by (NP a foreign giant )NP )PP )VP )NP )PP )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP *UNKC )NP (VP climbed (ADVP *UNKLY )ADVP (SBAR as (S (NP many angry employees )NP `` (VP felt (ADJP abandoned (PP by (NP the former owners )NP )PP )ADJP )VP )S )SBAR )VP )S , '' (VP says )VP (NP the (NAC University (PP of (NP Florida )NP )PP )NAC *UNK )NP . )SINV  STOP
(S But (NP top management )NP (VP should (VP watch (PP for (NP (NP other *UNK- signs )NP (PP of (NP employee *UNK )NP )PP , (PP like (NP (NP *UNK- *UNKING )NP and (NP phone *UNK )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Security consultant Dennis *UNKC )NP (PP of (NP (NP *UNKC )NP , (NP Calif. )NP , )NP )PP )NP (VP thinks (SBAR (S (NP mergers )NP (ADVP often )ADVP (VP trigger (NP (NP (NP longer lunch hours )NP and (NP increased *UNK )NP )NP , (NP (NP conduct )NP (SBAR (WHNP which )WHNP (S (VP can (VP *UNK (NP the bottom line )NP (ADVP (ADVP more )ADVP (PP than (NP *UNK )NP )PP )ADVP )VP )VP )S )SBAR )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP New management )NP (VP can (VP take (NP several steps )NP (S (VP to (VP reduce (NP *UNK )NP )VP )VP )S )VP )VP . )S  STOP
(SINV (ADJP Most important )ADJP (PRN , (S (NP experts )NP (VP say )VP )S , )PRN (VP is )VP (S (VP to (VP show (SBAR that (S (NP (NP a company 's )NP ethical tone )NP (VP is (VP set (PP at (NP the top )NP )PP )VP )VP )S )SBAR )VP )VP )S . )SINV  STOP
(S (NP Mr. *UNKC )NP (ADVP also )ADVP (VP recommends (SBAR that (S (NP the chief executive )NP (VP (VP establish (NP a *UNK control center )NP )VP and (VP move (ADVP swiftly )ADVP (S (VP to (VP bolster (NP *UNK )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC John *UNKC )NP (PP of (NP (NP *UNKC )NP , (NP Texas )NP , )NP )PP )NP (VP urges (SBAR that (S (NP top management )NP (VP adopt (NP (NP a `` tough *UNK- approach '' )NP (PP with (NP (ADJP very tight )ADJP controls and monitoring )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S And (NP security authority Robert L. *UNKC )NP (VP favors (S (VP *UNKING (NP (NP all employees )NP (SBAR (WHNP who )WHNP (S (VP *UNK )VP )S )SBAR )NP )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (VP *UNKC (NP *UNKC Line )NP (PP In (S (VP *UNKING (NP Profits )NP )VP )S )PP )VP )S  STOP
(SQ *UNKC (NP *UNKC profits )NP (VP distributed (ADVP fairly )ADVP )VP ? )SQ  STOP
(S (NP (NP A survey )NP (PP by (NP (NP *UNKC , *UNKC & *UNKC )NP , (NP a New York consulting firm )NP , )NP )PP )NP (VP *UNK (NP (NP the difficulty )NP (PP for (NP top management )NP )PP (PP in (S (VP *UNKING (NP employees and investors )NP (PP on (NP that score )NP )PP )VP )S )PP )NP )VP . )S  STOP
(S (NP (QP Nearly seven of 10 )QP investors )NP (VP think (SBAR (S (NP companies )NP (VP *UNK (NP `` (NP too little )NP '' (PP of (NP their profits )NP )PP )NP (PP in (NP the business )NP )PP )VP )S )SBAR )VP . )S  STOP
(S And (NP (NP half the employees )NP (VP surveyed )VP )NP (VP think (SBAR (S (NP companies )NP (VP *UNK (PRT out )PRT (NP too little )NP (PP to (NP them )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S But (NP both )NP (VP see (NP a common *UNK )NP )VP )S : (S (NP (NP (NP (QP About 66 )QP % )NP (PP of (NP employees )NP )PP )NP and (NP (NP 73 % )NP (PP of (NP investors )NP )PP )NP )NP (VP think (SBAR (S (NP senior managers )NP (VP get (NP (NP (ADJP too big )ADJP a *UNK )NP (PP of (NP the profit *UNK )NP )PP )NP )VP )S )SBAR )VP )S . )S  STOP
(S (NP (NP Bank )NP (PP of (NP New York Co. )NP )PP )NP (VP said (SBAR (S (NP it )NP (VP agreed (PP in (NP principle )NP )PP (S (VP to (VP acquire (NP (NP the credit-card business )NP (PP of (NP (NP *UNKED First City *UNKC )NP (PP of (NP Texas )NP )PP )NP )PP )NP (PP for (NP (QP between $ 130 million and $ *UNKN million )QP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The move )NP , (ADJP subject (PP to (NP a definitive agreement )NP )PP )ADJP , )NP (VP is (NP (NP part )NP (PP of (NP (NP a trend )NP (PP by (NP (NP *UNK- banks )NP (SBAR (WHNP that )WHNP (S (VP have (VP been (VP buying (PRT up )PRT (NP credit-card portfolios )NP (S (VP to (VP expand (NP their business )NP )VP )VP )S )VP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Just last month )NP , (NP a (NAC Bank (PP of (NP New York )NP )PP )NAC subsidiary )NP (VP agreed (S (VP to (VP buy (NP (NP the credit-card operation )NP (PP of (NP (NP Dreyfus Corp. 's )NP Dreyfus Consumer Bank )NP )PP )NP (PP for (NP (QP $ *UNKN million )QP )NP )PP , (NP (NP a transaction )NP (SBAR (WHNP that )WHNP (S (VP is (VP expected (S (VP to (VP be (VP completed (PP by (NP (NP the end )NP (PP of (NP the year )NP )PP )NP )PP )VP )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP First City 's )NP portfolio )NP (VP includes (NP (NP (QP approximately *UNKN )QP accounts )NP (PP with (NP (NP (QP about $ 550 million )QP )NP (PP in (NP (NP loans )NP (ADJP outstanding )ADJP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP First City )NP , (SBAR (WHNP which )WHNP (S (VP issues (NP both *UNKC and *UNKC cards )NP )VP )S )SBAR , )NP (VP has (VP agreed (S (VP to (VP act (PP as (NP an agent bank )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (PP At (NP (NP the end )NP (PP of (NP the third quarter )NP )PP )NP )PP , (NP (NP Bank )NP (PP of (NP (NP New York 's )NP credit-card business )NP )PP )NP (VP *UNKED (PP of (NP (NP (QP 2.4 million )QP accounts )NP (PP with (NP (NP (QP $ 3.6 billion )QP )NP (PP in (NP (NP loans )NP (ADJP outstanding )ADJP )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Bank )NP (PP of (NP New York )NP )PP )NP (VP is (ADVP currently )ADVP (NP (NP the *UNK- *UNK )NP (PP of (NP credit cards )NP )PP (PP in (X the )X )PP )NP )VP )S  STOP
(S (NP First City )NP (VP said (SBAR that (S (PP because of (NP (NP increased competition )NP (PP in (NP the credit-card business )NP )PP )NP )PP , (NP it )NP (VP had (VP decided (SBAR (S (NP it )NP (VP (ADVP either )ADVP had (S (VP to (VP (VP expand (NP its own holdings )NP (ADVP substantially )ADVP )VP or (VP sell (NP them )NP )VP )VP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP We )NP (VP think (SBAR (S (NP there )NP (VP 's (NP a good prospect (SBAR that (S (NP competition )NP (VP is (VP going (S (VP to (VP get (ADJP pretty fierce )ADJP )VP )VP )S (PP in (NP this market )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP James E. Day )NP , (NP a First City vice president )NP )NP . )SINV  STOP
(S `` (NP We )NP (VP see (S (NP it )NP (VP becoming (NP (NP a *UNK- kind )NP (PP of (NP business )NP )PP )NP )VP )S )VP . '' )S  STOP
(S (NP The company )NP (VP estimated (SBAR that (S (NP the transaction )NP (VP would (VP enhance (NP (NP its book value )NP , (SBAR (WHNP which )WHNP (S (VP stood (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP (PP on (NP Sept. 30 )NP )PP )VP )S )SBAR , )NP (PP by (NP (NP (QP more than $ 100 million )QP )NP , or (NP (NP (QP about $ 4 )QP )NP (NP a share )NP )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (ADVP also )ADVP (VP said (SBAR (S (NP the transaction )NP (VP would (VP (VP bolster (NP after-tax earnings )NP (PP by (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP (SBAR (WHADVP when )WHADVP (S (VP completed )VP )S )SBAR )VP and (VP boost (NP its primary capital ratio )NP (PP to (NP 7 % )NP )PP (PP from (NP *UNKN % )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP First City )NP , (SBAR (WHNP which )WHNP (S (ADVP recently )ADVP (VP purchased (NP three small Texas banking concerns )NP )VP )S )SBAR , )NP (VP said (SBAR (S (NP it )NP (VP would (VP use (NP the proceeds )NP (S (VP to (VP pursue (NP (NP additional expansion opportunities )NP (UCP (PP in (NP the Southwest )NP )PP and (ADVP elsewhere )ADVP )UCP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR With (S (NP that possibility )NP (PP in (NP mind )NP )PP )S )SBAR , (NP analysts )NP (VP said (SBAR (S (NP the transaction )NP (VP was (NP (NP a positive move )NP (PP for (NP First City )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP I )NP (VP think (SBAR (S (NP they )NP (VP 'll (VP be (ADJP able (S (VP to (VP move (ADVP faster )ADVP (S (VP to (VP make (NP acquisitions )NP (PP in (NP Texas )NP )PP )VP )VP )S )VP )VP )S )ADJP )VP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP an analyst )NP (PP with (NP Donaldson , Lufkin & Jenrette )NP )PP )NP )NP . )SINV  STOP
(S `` (NP That )NP (VP 's (NP (NP something )NP (SBAR (S (NP they )NP (VP can (VP do (ADVP very well )ADVP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP British Airways PLC )NP (VP said (SBAR (S (NP it )NP (VP is (VP seeking (NP (NP improved terms )NP and (NP a (ADJP sharply lower )ADJP price )NP )NP (PP in (NP (NP any revised bid )NP (PP for (NP United Airlines parent (NP UAL Corp. )NP )NP )PP )NP )PP (PP following (NP (NP the collapse )NP (PP of (NP a (ADJP (ADJP (QP $ 6.79 billion )QP )ADJP , (ADJP $ 300-a-share )ADJP )ADJP buy-out bid )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC Stevens )NP , (NP (NP British Air 's )NP chief financial officer )NP , )NP (VP (VP told (NP Dow Jones Professional Investor Report )NP (SBAR (S (NP (NP a price )NP (PP of (NP (NP $ 230 )NP (NP a share )NP )NP )PP )NP (VP is `` (ADVP certainly )ADVP not (ADJP too low )ADJP )VP )S )SBAR )VP , '' and (VP indicated (SBAR (S (NP his company )NP (VP would (VP like (S (VP to (VP reduce (NP (NP the size )NP (PP of (NP its (ADJP (QP $ 750 million )QP )ADJP cash investment )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP He )NP (VP added (SBAR (S (NP the airline )NP (VP (VP is n't (VP committed (PP to (S (VP going (ADVP forward )ADVP (PP with (NP any new bid )NP )PP )VP )S )PP )VP )VP , and (VP has n't (VP participated (PP in (NP (NP bankers ' )NP efforts (S (VP to (VP revive (NP (NP the transaction )NP (SBAR (WHNP that )WHNP (S (VP collapsed )VP )S )SBAR )NP )VP )VP )S )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (NP We )NP (VP 're (PP in (NP no way )NP )PP (VP committed (PP to (S (NP a deal )NP (VP going (ADVP through )ADVP )VP )S )PP (ADVP at all )ADVP )VP )VP . )S  STOP
(S (NP We )NP (VP 're not (VP rushing (PP into (NP anything )NP )PP )VP )VP . )S  STOP
(S (S (NP We )NP (VP do n't (VP want (S (VP to (VP be (NP (NP party )NP (PP to (NP a second rejection )NP )PP )NP )VP )VP )S )VP )VP )S , '' (NP he )NP (VP said , (S (VP adding (SBAR that (S (S (VP coming (PRT up )PRT (PP with (NP a revised offer )NP )PP )VP )S (VP could (ADVP easily )ADVP (VP take (NP several weeks )NP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP (NP Mr. Stevens 's )NP remarks )NP , (S (VP *UNKING (NP (NP a report )NP (PP in (NP The Wall Street Journal )NP )PP (SBAR that (S (NP British Air )NP (VP wants (S (VP to (VP start (PP from (NP *UNK )NP )PP (PP in (NP (NP any new bid )NP (PP for (NP (NP the nation 's )NP second-largest airline )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )NP )VP )S , (VP helped (S (VP push (NP UAL stock )NP (ADVP lower )ADVP (PP for (NP the fourth straight day )NP )PP )VP )S )VP . )S  STOP
(S (NP UAL )NP (VP fell (NP (NP $ 6.25 )NP (NP a share )NP )NP (PP to (NP $ *UNKN )NP )PP (PP on (NP (NP volume )NP (PP of (NP (QP 2.3 million )QP shares )NP )PP )NP )PP (PP in (NP composite trading )NP )PP (PP on (NP the New York Stock Exchange )NP )PP (SBAR as (S (NP (NP concern )NP )NP (VP *UNKED (PP among (NP takeover stock traders )NP )PP (PP about (NP (NP the length )NP (PP of (NP (NP time )NP (SBAR (S (NP (NP it )NP )NP (VP will (VP take (S (VP to (VP revive (NP the purchase )NP )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP Under (NP (NP the original buy-out )NP (VP approved (PP by (NP the UAL board )NP )PP (NP Sept. 14 )NP )VP )NP )PP , (NP (NP UAL 's )NP pilots )NP (VP planned (S (VP to (VP (VP put (PRT up )PRT (NP (NP (QP $ 200 million )QP )NP (PP in (NP cash )NP )PP )NP )VP and (VP make (NP (NP (QP $ 200 million )QP )NP (PP in (NP annual cost concessions )NP )PP )NP )VP (PP for (NP a (ADJP 75 % )ADJP stake )NP )PP )VP )VP )S )VP . )S  STOP
(S (S (NP UAL management )NP (VP was (VP to (VP pay (NP (QP $ 15 million )QP )NP (PP for (NP 10 % )NP )PP )VP )VP )VP )S , and (S (NP British Air )NP (VP was (VP to (VP receive (NP a (ADJP 15 % )ADJP stake )NP )VP )VP )VP )S . )S  STOP
(S (NP The buy-out )NP (VP fell (ADVP through )ADVP (SBAR (WHADVP when )WHADVP (S (NP (NP Citicorp )NP and (NP Chase Manhattan Corp. )NP )NP (ADVP unexpectedly )ADVP (VP failed (S (VP to (VP obtain (NP bank financing )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP Since (NP then )NP )PP , (NP UAL stock )NP (VP has (VP fallen (NP 33 % )NP (PP in (SBAR (WHNP what )WHNP (S (VP may (VP rank (PP as (NP (NP the largest collapse )NP (PP of (NP a takeover stock )NP )PP (ADVP ever )ADVP )NP )PP )VP )VP )S )SBAR )PP )VP )VP . )S  STOP
(S (NP (NP The *UNK )NP (PP of (NP (NP Mr. Stevens 's )NP remarks )NP )PP )NP (VP seemed (S (VP to (VP indicate (SBAR that (S (NP British Air )NP (VP will (VP take (NP a (ADJP more active )ADJP , *UNK- role )NP (PP in (S (VP pursuing (NP any new bid )NP )VP )S )PP )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP he )NP (VP believes (SBAR (S (NP UAL management )NP (VP was (VP (ADVP badly )ADVP advised (PP on (NP (NP the funding )NP (PP of (NP its original transaction )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Stevens )NP (VP said (SBAR (S (NP British Air )NP (VP (VP has n't (VP received (NP any new buy-out proposals )NP (PP from (NP (NP the labor-management group )NP , (VP led (PP by (NP UAL Chairman Stephen Wolf )NP )PP )VP )NP )PP )VP )VP , and (VP has n't (VP received (NP (NP any indication )NP (PP of (SBAR (WHADVP when )WHADVP (S (NP one )NP (VP might (VP be (ADJP *UNKING )ADJP )VP )VP )S )SBAR )PP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (ADVP (ADVP As far )ADVP (SBAR as (S (NP we )NP (VP 're (ADJP concerned )ADJP )VP )S )SBAR )ADVP , (NP we )NP (VP 're (VP waiting (SBAR for (S (NP the dust )NP (VP to (VP settle )VP )VP )S )SBAR )VP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (SBAR Although (S (NP British Air )NP (VP is (VP waiting (S (VP to (VP see (SBAR (WHNP what )WHNP (S (NP the buy-out group )NP (VP comes (PRT up )PRT (PP with )PP )VP )S )SBAR )VP )VP )S )VP )VP )S )SBAR , (NP Mr. Stevens )NP (VP said (SBAR (S (NP (NP a revised transaction )NP (PP with (NP less debt leverage )NP )PP )NP (VP is (ADJP likely (S (VP to (VP be (ADJP (ADJP more attractive )ADJP (PP to (NP banks )NP )PP )ADJP )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (S (NP the original proposal )NP (VP is (ADJP dead )ADJP )VP )S , and (S (NP (NP all aspects )NP (PP of (NP a revised version )NP )PP )NP (VP are (ADVP up (PP for (NP change )NP )PP )ADVP , (PP in (NP (NP light )NP (PP of (NP (NP (NP the changes )NP (PP in (NP (NP UAL 's )NP market price )NP )PP )NP , (NP (NP the amount )NP (PP of (NP debt )NP )PP (SBAR (S (NP banks )NP (VP are (ADJP willing (S (VP to (VP fund )VP )VP )S )ADJP )VP )S )SBAR )NP , and (NP (NP the price )NP (SBAR (S (NP British Air )NP (VP would (VP be (ADJP willing (S (VP to (VP pay )VP )VP )S )ADJP )VP )VP )S )SBAR )NP )NP )PP )NP )PP )VP )S )S )SBAR )VP . )S  STOP
(S (NP Mr. Stevens )NP (VP (VP said (SBAR (S (NP he )NP (VP expects (SBAR (S (NP the new price )NP (VP will (VP be (ADJP considerably lower )ADJP )VP )VP )S )SBAR )VP )S )SBAR )VP , but (VP declined (S (VP to (VP specify (NP a figure )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (VP Asked (SBAR whether (S (NP (NP a (ADJP $ *UNK- )ADJP figure )NP (VP circulating (PP in (NP the market )NP )PP (NP yesterday )NP )VP )NP (VP is (ADJP too low )ADJP )VP )S )SBAR )VP )S , (NP he )NP (VP said , `` (S (NP It )NP (VP 's (ADVP certainly )ADVP not (ADJP too low )ADJP )VP )S )VP . '' )S  STOP
(S (NP He )NP (VP added (SBAR (SBAR (S (NP the original offer )NP (VP was `` (NP a (ADJP pretty full )ADJP price )NP )VP )S )SBAR , '' and (SBAR that (S (NP (NP British Air 's )NP contribution )NP `` (VP was (NP quite a large chunk )NP (PP for (NP us )NP )PP )VP )S )SBAR )SBAR )VP . '' )S  STOP
(S (NP British Air )NP (VP (VP was (ADVP originally )ADVP (VP attracted (PP to (NP (NP the chance )NP (PP of (S (VP obtaining (NP (NP a (ADJP 15 % )ADJP stake )NP (PP in (NP the company )NP )PP )NP )VP )S )PP )NP )PP )VP )VP , but (VP was n't (ADJP particularly happy )ADJP (PP with (S (VP paying (NP (QP $ 750 million )QP )NP )VP )S )PP )VP )VP . )S  STOP
(S `` (S (SBAR If (S (NP the (PRN -LCB- new -RCB- )PRN deal )NP (VP had (S (NP us )NP (VP (VP putting (PRT up )PRT (NP less money )NP )VP but (VP (ADVP still )ADVP having (NP 15 % )NP )VP )VP )S )VP )S )SBAR , (NP that )NP (VP would (VP be (NP (NP a point )NP (PP in (NP our favor )NP )PP )NP )VP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (PP In (NP any new proposal )NP )PP , (NP British Air )NP (VP would (VP expect (NP (NP a greater rate )NP (PP of (NP return )NP )PP (PP than (NP (NP the *UNK- )NP (PP in (NP the original proposal )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (PP In (NP the event (SBAR that (S (NP the buy-out group )NP (VP *UNK (PP in (S (VP *UNKING (NP its bid )NP )VP )S )PP )VP )S )SBAR )NP )PP , (NP the UAL board )NP (VP could (VP remain (PP under (NP some pressure (S (VP to (VP seek (NP another transaction )NP )VP )VP )S )NP )PP , (PP (ADVP even )ADVP without (NP any legal obligation (S (VP to (VP do (ADVP so )ADVP )VP )VP )S )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKLY one-third )NP (PP of (NP its stock )NP )PP )NP (VP is (VP believed (S (VP held (PP by (NP (NP takeover stock traders )NP , (SBAR (WHNP who )WHNP (S (VP could (VP vote (S (VP to (VP oust (NP the board )NP )VP )VP )S (SBAR if (S (NP they )NP (VP become (NP *UNK )NP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )VP )S )VP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP (NP the buy-out group 's )NP task )NP (PP of (S (VP holding (NP its fragile coalition )NP (ADVP together )ADVP , (PP in (NP (NP the face )NP (PP of (NP (NP (NP the bid 's )NP collapse )NP and (NP (NP internal opposition )NP (PP from (NP two other employee groups )NP )PP )NP )NP )PP )NP )PP , )VP )S )PP )NP (VP has (VP been (ADVP further )ADVP (VP complicated (PP by (NP (NP an apparent *UNK )NP (PP in (NP (NP the ranks )NP (PP of (NP (NP the pilot union )NP (NP itself )NP )NP )PP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP A pilot )NP (VP representing (NP (NP a group )NP (PP of (NP *UNKN pilots )NP )PP (VP hired (PP during (NP (NP United 's )NP 1985 strike )NP )PP )VP )NP )VP )NP (VP filed (NP suit )NP (NP Friday )NP (PP in (NP Chicago federal court )NP )PP (S (VP to (VP block (NP the takeover )NP )VP )VP )S )VP . )S  STOP
(S (NP The dissident pilots )NP (VP oppose (NP the plan )NP (SBAR because (S (NP it )NP (VP would (VP cause (S (NP them )NP (VP to (VP lose (NP their seniority )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP UAL 's )NP management )NP (VP agreed (S (VP to (VP reduce (NP (NP the seniority )NP (PP of (NP those pilots )NP )PP )NP (PP in (NP (NP exchange )NP (PP for (NP (NP the support )NP (PP of (NP the United pilot union )NP )PP (PP for (NP the buy-out proposal )NP )PP )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP The *UNKN pilots )NP (VP involved (PP in (NP the suit )NP )PP )VP )NP (VP are n't (NP (NP members )NP (PP of (NP the union )NP )PP )NP )VP . )S  STOP
(S (NP The airline )NP (VP had (VP allowed (S (NP them )NP (VP to (VP move (ADVP ahead (PP of (NP some union members )NP )PP )ADVP (PP in (NP seniority )NP )PP )VP )VP )S (PP following (NP the 1985 strike )NP )PP , (NP (NP a move )NP (SBAR (S (NP the union )NP (VP had (VP *UNKED (PP in (NP a previous lawsuit )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP contributed (PP to (NP this article )NP )PP )VP . )S  STOP
(S (NP Corporate efforts (S (VP to (VP control (NP health-care costs )NP (PP by (S (VP requiring (NP *UNK )NP (PP prior to (NP planned *UNK and surgery )NP )PP )VP )S )PP )VP )VP )S )NP (VP have n't (VP been (ADJP sweeping enough (S (VP to (VP reduce (NP (NP the long-term rate )NP (PP of (NP cost increases )NP )PP )NP )VP )VP )S )ADJP , (PP according (PP to (NP (NP a study )NP (PP by (NP (NP the Institute )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP )PP )PP )VP )VP . )S  STOP
(S (PP In (NP the last decade )NP )PP , (NP many corporations )NP (VP have (VP embraced (NP the `` utilization management '' cost *UNK strategy )NP (PP as (NP (NP a way )NP (SBAR (S (VP to (VP control (NP (NP health-care costs )NP (PP for (NP employees )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP These programs )NP (VP (VP vary (ADVP widely )ADVP )VP , but (VP (ADVP often )ADVP require (NP (NP (NP second opinions )NP (PP on (NP proposed surgery )NP )PP )NP , (NP (NP *UNK reviews )NP (PP of (NP *UNK *UNK )NP )PP )NP and (NP (NP reviews )NP (PP of (NP treatment )NP )PP (PP during (NP (NP *UNK )NP or (NP recovery periods )NP )NP )PP )NP )NP )VP )VP . )S  STOP
(S (NP (NP (QP *UNKC 50 % and 75 % )QP )NP (PP of (NP (NP today 's )NP workers )NP )PP )NP (VP are (VP covered (PP by (NP such plans )NP )PP , (ADVP up (PP from (NP 5 % )NP )PP (ADVP (NP five years )NP ago )ADVP )ADVP )VP )VP . )S  STOP
(S `` (S (SBAR Although (S (NP it )NP (ADVP probably )ADVP (VP has (VP reduced (NP (NP the level )NP (PP of (NP expenditures )NP )PP )NP (PP for (NP some purchasers )NP )PP )VP )VP )S )SBAR , (NP (NP utilization management )NP (PRN -- (PP like (NP most other cost *UNK strategies )NP )PP -- )PRN )NP (VP does n't (VP appear (S (VP to (VP have (VP altered (NP (NP the long-term rate )NP (PP of (NP (NP increase )NP (PP in (NP health-care costs )NP )PP )NP )PP )NP )VP )VP )VP )S )VP )VP )S , '' (NP (NP (NP the Institute )NP (PP of (NP *UNKC )NP )PP )NP , (NP (NP an affiliate )NP (PP of (NP (NP the National Academy )NP (PP of (NP Sciences )NP )PP )NP )PP )NP , )NP (VP concluded (PP after (NP a two-year study )NP )PP )VP . )S  STOP
(S `` (NP (NP Employers )NP (SBAR (WHNP who )WHNP (S (VP saw (NP (NP a short-term *UNK )NP (PP in (NP benefit expenditures )NP )PP )NP )VP )S )SBAR )NP (VP are (VP seeing (NP (NP a return )NP (PP to (NP previous trends )NP )PP )NP )VP )VP . '' )S  STOP
(S (SBAR While (S (NP utilization management )NP (ADVP frequently )ADVP (VP reduces (NP *UNK costs )NP )VP )S )SBAR , (NP these savings )NP (VP are (ADVP often )ADVP (VP offset (PP by (NP (NP (NP increases )NP (PP in (NP *UNK services )NP )PP )NP and (NP higher administrative costs )NP )NP )PP , (PP according (PP to (NP (NP the report )NP (PP by (NP (NP a panel )NP (PP of (NP health-care experts )NP )PP )NP )PP )NP )PP )PP )VP )VP . )S  STOP
(S (NP The report )NP (VP suggested (SBAR that (S (NP current review programs )NP (VP are (ADJP too narrow )ADJP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP (NP (NP The (ADJP unnecessary and *UNK )ADJP use )NP (PP of (NP the hospital )NP )PP )NP , and not (NP (NP the actual need )NP (PP for (NP a particular procedure )NP )PP )NP , )NP (VP has (VP been (NP the main focus )NP )VP )VP )S , '' (NP the panel )NP (VP said )VP . )S  STOP
(S `` (PP As (NP a general rule )NP )PP , (NP *UNK- programs )NP (VP have not (VP made (NP (NP *UNK- *UNK )NP (PP of (NP (NP the *UNK costs )NP (PP of (NP alternative (NX (NX *UNK )NX or (NX (NX sites )NX (PP of (NP care )NP )PP )NX )NX )NP )PP )NP )PP )NP )VP )VP . '' )S  STOP
(S (NP The report )NP (VP said (SBAR that (S (NP utilization management )NP (VP should (VP have (NP (NP more )NP (PP of (NP an impact )NP )PP )NP (SBAR as (S (NP (NP federal research )NP (PP on (NP (NP the effectiveness )NP (PP of (NP medical *UNK )NP )PP )NP )PP )NP (VP helps (S (VP lead (PP to (NP medical practice guidelines )NP )PP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Howard *UNKC )NP , (NP (NP a panel member )NP and (NP (NP a vice president )NP (PP of (NP Aetna Life & Casualty )NP )PP )NP )NP , )NP (VP said (SBAR that (S (NP utilization management )NP (VP will (ADVP also )ADVP (VP do (NP (NP a better job )NP (PP of (S (VP containing (NP costs )NP )VP )S )PP )NP (SBAR as (S (NP it )NP (VP spreads (S (VP to (VP cover (NP (NP medical services )NP (VP delivered (ADVP outside (PP of (NP hospitals )NP )PP )ADVP )VP )NP )VP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP There )NP (VP 's (NP (ADJP pretty good )ADJP evidence (SBAR that (S (NP utilization management )NP (VP has (VP reduced (NP inappropriate *UNK )NP )VP )VP )S )SBAR )NP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S But (PP at (NP the same time )NP )PP , (NP (NP spending )NP (PP on (NP (NP physician services )NP and (NP *UNK care )NP )NP )PP )NP (VP have (VP *UNKED )VP )VP . )S  STOP
(S `` (S (NP It )NP (VP 's (PP like (S (VP *UNKING (NP a balloon )NP )VP )S )PP )VP )S , '' (NP Dr. *UNKC )NP (VP said )VP . )S  STOP
(S (S (NP (NP David *UNKC )NP (PP of (NP A. Foster *UNKC & Co. )NP )PP )NP (VP said (SBAR that (S (NP (NP clients )NP (PP of (NP his consulting firm )NP )PP )NP (VP report (SBAR that (S (NP utilization management )NP (VP reduces (NP their hospital care bills )NP (PP by (NP (QP about 5 )QP % )NP )PP )VP )S )SBAR )VP )S )SBAR )VP )S , but (S (NP he )NP (VP agreed (SBAR that (S (PP for (NP (NP the health-care system )NP (PP as (ADJP whole )ADJP )PP )NP )PP , (NP (NP some )NP (PP of (NP these savings )NP )PP )NP (VP are (VP offset (PP by (NP (UCP (ADJP administrative )ADJP and (NP *UNK care )NP )UCP costs )NP )PP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP chairman )NP (PP of (NP the panel )NP )PP )NP , )NP (VP agrees (SBAR that (S (NP (NP administrative costs )NP (PP of (NP utilization management programs )NP )PP )NP (VP can (VP be (ADJP high )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP You )NP (VP have (S (NP a whole staff )NP (VP standing (S (ADJP ready '' (S (VP to (VP evaluate (NP (NP the *UNK )NP (PP of (NP recommended treatment )NP )PP )NP )VP )VP )S )ADJP )S )VP )S )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (NP (NP Dr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (ADVP also )ADVP (VP is (NP (NP president )NP (PP of (NP (NP New England Medical Center *UNKC )NP (PP in (NP Boston )NP )PP )NP )PP )NP )VP )S )SBAR , )NP (VP noted (SBAR (SBAR that (S (NP (NP the hospitals )NP (SBAR (S (NP he )NP (VP runs )VP )S )SBAR )NP (VP deal (PP with (NP (QP more than 100 )QP utilization management firms )NP )PP )VP )S )SBAR and (SBAR that (S (NP (NP many )NP (PP of (NP them )NP )PP )NP (VP have (NP different procedures and requirements )NP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP The panel )NP (VP urged (NP greater efforts (S (VP to (VP reduce (NP (NP the *UNK , *UNK and cost )NP (PP of (NP utilization review )NP )PP )NP )VP )VP )S )NP )VP . )S  STOP
(S `` (S (NP *UNKC management )NP (VP needs (S (VP to (VP (ADVP better )ADVP demonstrate (SBAR that (S (NP it )NP (VP (VP reduces (NP (NP the *UNK use )NP (PP of (NP resources )NP )PP )NP )VP , (VP improves (NP (NP the *UNK )NP (PP of (NP patient care )NP )PP )NP )VP and (VP *UNK (ADVP only )ADVP (NP reasonable *UNK )NP (PP on (NP patients and *UNK )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP )S , '' (NP the panel )NP (VP concluded )VP . )S  STOP
(S (NP (NP Renault )NP and (NP *UNKC *UNKC *UNK )NP )NP (VP announced (NP a preliminary agreement (S (VP to (VP (ADVP jointly )ADVP manufacture (NP (NP a line )NP (PP of (NP trucks )NP )PP )NP (PP in (NP Britain and France )NP )PP )VP )VP )S )NP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP a Renault managing director )NP , )NP (VP said (SBAR (S (NP the new line )NP (VP (VP will (VP cover (NP (NP trucks )NP (PP of (PP between (NP (NP 2.5 tons )NP and (NP 4.2 tons )NP )NP )PP )PP )NP )VP )VP and (VP will (VP be (VP built (PP (PP at (NP (NP (NP Renault 's )NP *UNKLY plant )NP (PP in (NP France )NP )PP )NP )PP and (PP at (NP (NP *UNKC 's )NP British plant )NP )PP )PP )VP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The French state-controlled auto group )NP and (NP the Dutch truck maker )NP )NP (VP plan (S (VP to (VP *UNK (NP the new trucks )NP (PP into (NP their product lines )NP )PP (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP begin (NP production )NP (PP toward (NP (NP the middle )NP (PP of (NP the 1990s )NP )PP )NP )PP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP he )NP (VP expects (S (NP (NP a definitive agreement )NP (PP between (NP the two companies )NP )PP )NP (VP to (VP be (VP completed (PP in (NP the next few months )NP )PP )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The venture )NP (VP is (NP (NP the latest example )NP (PP of (NP (NP the trend )NP (PP toward (NP cooperative projects )NP )PP (PP in (NP Europe )NP )PP (ADVP ahead (PP of (NP (NP the 1992 deadline )NP (PP for (S (VP eliminating (NP (NP trade barriers )NP (PP within (NP the European Community )NP )PP )NP )VP )S )PP )NP )PP )ADVP )NP )PP )NP )VP . )S  STOP
(S (NP Renault and *UNKC )NP (VP are (VP expected (S (VP to (VP invest (NP (NP a total )NP (PP of (NP (NP (NP (QP about three billion )QP French francs )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP )NP )PP )NP (PP in (NP the venture )NP )PP , (PP including (NP (NP (QP *UNKC 1 billion )QP )NP (PP for (NP design and development costs )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP the companies )NP (VP will each (VP spend (NP (QP about *UNKC 1 billion )QP )NP (PP on (S (VP *UNKING (PRT up )PRT (NP their plants )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP the joint venture )NP (VP represents (NP considerable savings )NP (PP for (NP both Renault and *UNKC )NP )PP , (SBAR since (S (NP both companies )NP (VP would (PP in (NP any case )NP )PP (VP have (VP had (S (VP to (VP *UNK (NP (NP their existing ranges )NP (PP of (NP light goods vehicles )NP )PP )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (S (PP By (S (VP *UNKING (NP their resources )NP )VP )S )PP , (NP the two groups )NP (VP have (VP (ADVP effectively )ADVP *UNKED (NP (NP the design and development costs )NP (SBAR (WHNP that )WHNP (S (VP would (ADVP otherwise )ADVP (VP have (VP been (VP *UNKED )VP )VP )VP )VP )S )SBAR )NP )VP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (NP Renault officials )NP (VP said (SBAR (S (S (NP (NP the potential European market )NP (PP for (NP (NP light trucks )NP (PP in (NP the (QP *UNK- to *UNK- )QP range )NP )PP )NP )PP )NP (VP is (NP (NP (QP between *UNKN and 800,000 )QP vehicles )NP (ADVP annually )ADVP )NP )VP )S , and (S (NP Renault and *UNKC )NP (VP are (VP aiming (PP for (NP (NP a combined market share )NP (PP of (NP (QP about 11 )QP % )NP )PP )NP )PP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (NP Both Renault and DAF )NP (VP will (VP have (NP (NP world-wide marketing rights )NP (PP for (NP (NP the new range )NP (PP of (NP (NP vans )NP and (NP light trucks )NP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (PP Under (NP a separate arrangement )NP )PP , (S (NP (NP British Aerospace PLC 's )NP *UNKC Group PLC subsidiary )NP (VP will (ADVP also )ADVP (VP be (ADJP able (S (VP to (VP offer (NP the vehicles )NP (PP through (NP (NP its dealers )NP (PP in (NP the U.K. )NP )PP )NP )PP )VP )VP )S )ADJP )VP )VP )S , and (S (NP (NP Renault 's )NP *UNKING subsidiary Renault *UNKC *UNKC )NP (VP will (VP have (NP similar rights )NP (PP in (NP France )NP )PP )VP )VP )S . )S  STOP
(S (NP DAF )NP (VP is (ADJP *UNKED (PP by (NP British Aerospace )NP )PP )ADJP , (PP with (NP (NP a further 6.5 % )NP (VP held (PP by (NP (NP the Dutch state-owned chemical group )NP (NP *UNK *UNKC )NP )NP )PP )VP )NP )PP )VP . )S  STOP
(S (NP (NP The van *UNKC family )NP (PP of (NP the Netherlands )NP )PP )NP (VP holds (NP (NP an additional 11 % )NP (PP of (NP (NP DAF 's )NP capital )NP )PP )NP )VP . )S  STOP
(S (NP The Federal Reserve System )NP (VP is (NP (NP the standard object )NP (PP of (NP (NP suggestions )NP (PP for (NP (ADJP *UNK and institutional )ADJP changes )NP )PP )NP )PP )NP , (PP for (NP two reasons )NP )PP )VP . )S  STOP
(S (ADVP First )ADVP , (NP (NP its position )NP (PP in (NP the government )NP )PP )NP (VP is (ADJP *UNK )ADJP )VP . )S  STOP
(S (NP It )NP (VP (VP has (NP (NP an unusual kind )NP (PP of (NP (NP independence )NP (PP from (NP elected officials )NP )PP )NP )PP )NP )VP and (VP (ADVP still )ADVP has (NP (NP authority )NP (PP over (NP (NP (NP one )NP (PP of (NP (NP the (ADJP most powerful )ADJP )NP (PP of (NP (NP government 's )NP instruments )NP )PP )NP )PP )NP -- (NP (NP the control )NP (PP of (NP the money supply )NP )PP )NP )NP )PP )NP )VP )VP . )S  STOP
(S (ADVP Thus )ADVP (NP we )NP (VP have (NP (NP a condition )NP (SBAR (WHNP that )WHNP (S (VP is (VP (ADVP easily )ADVP described (PP as (ADJP *UNK )ADJP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP Second )ADVP , (NP (NP the responsibilities )NP (PP of (NP the Federal Reserve )NP )PP (PP as (NP (NP *UNK )NP (PP of (NP the currency )NP )PP , (SBAR (WHNP which )WHNP (S (VP means (PP as (NP (NP *UNK )NP (PP of (NP (NP the stability )NP (PP of (NP the price level )NP )PP )NP )PP )NP )PP )VP )S )SBAR , )NP )PP )NP (ADVP sometimes )ADVP (VP lead (S (NP it )NP (VP to (VP take (NP (NP measures )NP (SBAR (WHNP that )WHNP (S (VP are (ADJP unpopular )ADJP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (SBAR As (S (NP former Fed Chairman William *UNKC Martin )NP (VP used (S (VP to (VP say )VP )VP )S )VP )S )SBAR , (NP they )NP (VP would (VP have (S (VP to (VP take (NP the *UNK *UNK )NP (ADVP away )ADVP )VP )VP )S (SBAR (ADVP just )ADVP as (S (NP the party )NP (VP is (VP getting (ADJP interesting )ADJP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S So (NP the Federal Reserve )NP (VP is (NP (NP an attractive target )NP (PP for (NP (NP complaint )NP (PP by (NP politicians )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The Fed )NP (VP is (VP (ADVP easily )ADVP assigned (NP (NP the blame )NP (PP for (NP (NP *UNK )NP , (PP like (NP (NP high interest rates )NP or (NP slow economic growth )NP )NP )PP )NP )PP )NP , (SBAR while (S (NP the politicians )NP (VP can (VP escape (NP responsibility )NP (PP by (S (VP pointing (PP to (NP (NP the Fed 's )NP independence )NP )PP )VP )S )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP This )NP (VP leads (PP to (NP (NP proposals )NP (PP for (NP `` (NP reform )NP '' (PP of (NP the Fed )NP )PP )NP )PP , (SBAR (WHNP which )WHNP (S (VP have (NP (NP the common feature )NP (PP of (S (VP making (S (NP the Fed )NP (ADJP (ADJP more *UNK )ADJP (PP (PP to (NP the administration )NP )PP , (PP to (NP the Congress )NP )PP and (PP to (NP public opinion )NP )PP )PP )ADJP )S -- (PP without , (ADVP however )ADVP , (NP (NP any assumption )NP (PP of (NP additional responsibility )NP )PP (PP by (NP the politicians )NP )PP )NP )PP )VP )S )PP )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP These proposals )NP (VP include (S (VP (VP changing (NP (NP the term )NP (PP of (NP the chairman )NP )PP )NP )VP , (VP *UNKING (NP (NP the terms )NP (PP of (NP the members )NP )PP )NP )VP , (VP eliminating (NP (NP the presidents )NP (PP of (NP the Federal Reserve Banks )NP )PP )NP (PP from (NP the *UNKING process )NP )PP )VP , (VP putting (NP (NP the Secretary )NP (PP of (NP the Treasury )NP )PP )NP (PP on (NP the Federal Reserve Board )NP )PP )VP , (VP having (S (NP the Fed )NP (VP *UNKED (PP by (NP (NP (NP an arm )NP (PP of (NP Congress )NP )PP )NP (PRN -LRB- (NP the General Accounting Office )NP -RRB- )PRN )NP )PP )VP )S )VP , (VP putting (NP (NP the Fed 's )NP expenditures )NP (PP in (NP the budget )NP )PP )VP , and (VP requiring (NP (NP prompt publication )NP (PP of (NP (NP the Fed 's )NP minutes )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP Some )NP (PP of (NP these ideas )NP )PP )NP (VP are (ADVP again )ADVP (PP under (NP consideration )NP )PP (PP in (NP Congress )NP )PP )VP . )S  STOP
(S But (S (NP these proposals )NP (VP do not (VP rest (PP on (NP (NP a view )NP (PP of (SBAR (WHNP what )WHNP (S (NP (NP the Fed 's )NP problem )NP (VP is )VP )S )SBAR )PP )NP )PP )VP )VP )S or , (S (SBAR if (S (NP they )NP (VP do )VP )S )SBAR , (NP they )NP (VP rest (PP on (NP an *UNK view )NP )PP )VP )S . )S  STOP
(S (S (NP They )NP (VP would not (VP solve (NP the problem )NP )VP )VP )S ; (S (NP they )NP (VP would (VP make (S (NP it )NP (ADJP worse )ADJP )S )VP )VP )S . )S  STOP
(S (NP The problem )NP (VP is not (SBAR that (S (NP the Fed )NP (VP is (ADJP (ADJP too *UNK )ADJP (PP to (NP the public interest )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (PP On (NP the contrary )NP )PP , (NP it )NP (VP is (ADJP (ADJP too *UNK )ADJP (PP to (NP (NP an *UNK view )NP (PP of (NP the public interest )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (NP (NP The price level )NP (PP in (NP the U.S. )NP )PP )NP (VP is (ADVP now )ADVP (ADJP (ADJP (QP about 4 1\/4 times )QP as high )ADJP (SBAR as (S (NP it )NP (VP was (ADVP (NP 30 years )NP ago )ADVP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (PP On (NP average )NP )PP , (NP (NP something )NP (SBAR (WHNP that )WHNP (S (VP cost (NP $ 100 )NP (ADVP (NP 30 years )NP ago )ADVP )VP )S )SBAR )NP (ADVP now )ADVP (VP costs (NP $ *UNKN )NP )VP . )S  STOP
(S Or , (NP (NP a wage )NP (SBAR (WHNP that )WHNP (S (VP was (NP $ 100 )NP (ADVP (NP 30 years )NP ago )ADVP )VP )S )SBAR )NP (VP would (VP buy (NP (NP (ADJP (QP only $ *UNKN )QP )ADJP worth )NP (PP of (NP stuff )NP )PP )NP (NP today )NP )VP )VP . )S  STOP
(S (PP On (NP two occasions )NP )PP (NP the inflation rate )NP (VP rose (PP to (NP (NP (QP more than 10 )QP % )NP (NP a year )NP )NP )PP )VP . )S  STOP
(S (PP In (NP each case )NP )PP (NP (NP the ending )NP (PP of (NP this *UNK inflation )NP )PP )NP (VP caused (NP (NP a severe recession )NP -- (NP (NP the two worst )NP (PP of (NP the *UNK period )NP )PP )NP )NP )VP . )S  STOP
(S (NP (NP The enormous inflation )NP (PP over (NP the past 30 years )NP )PP )NP (VP was (ADJP largely due (PP to (NP monetary policy )NP )PP )ADJP )VP . )S  STOP
(S (ADVP At least )ADVP , (NP it )NP (VP would not (VP have (VP happened (PP without (NP (NP the support )NP (PP of (NP (NP monetary policy )NP (SBAR (WHNP that )WHNP (S (VP provided (PP for (NP (NP a *UNK- increase )NP (PP in (NP the money supply )NP )PP )NP )PP (PP during (NP the same period )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S And (NP (NP that increase )NP (PP in (NP the money supply )NP )PP )NP (VP would not (VP have (VP happened (PP without (NP (NP the consent )NP (PP of (NP the Federal Reserve )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP The basic problem )NP (PP of (NP monetary policy )NP )PP , (SBAR (WHPP to (WHNP which )WHNP )WHPP (S (NP (NP reform )NP (PP of (NP the Fed )NP )PP )NP (VP should (VP be (VP addressed )VP )VP )VP )S )SBAR , )NP (VP is (S (VP to (VP prevent (NP (NP a *UNK )NP (PP of (NP this experience )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP There )NP (VP were (NP (NP two general reasons )NP (PP for (NP (NP the *UNK monetary policy )NP (PP of (NP the past 30 years )NP )PP )NP )PP )NP )VP : )S  STOP
(S (NP 1 . )NP (PP To (NP some extent )NP )PP (NP the Federal Reserve )NP (VP shared (NP the (ADJP popular but *UNK )ADJP view (SBAR that (S (NP *UNK monetary policy )NP (VP could (VP yield (NP (NP a net improvement )NP (PP in (NP employment and output )NP )PP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP 2 . )NP (SBAR (WHADVP Even where )WHADVP (S (NP the Fed )NP (VP did not (VP share (NP this view )NP )VP )VP )S )SBAR (NP it )NP (VP felt (NP the need (S (VP to (VP accommodate (PP to (NP it )NP )PP )VP )VP )S )NP )VP . )S  STOP
(S (PP Despite (NP (NP all the formal provisions )NP (PP for (NP its independence )NP )PP )NP )PP , (NP the Fed )NP (VP seems (ADVP constantly )ADVP (S (VP to (VP feel (SBAR that (S (SBAR if (S (NP it )NP (VP uses (NP its independence )NP (ADVP too freely )ADVP )VP )S )SBAR (NP it )NP (VP will (VP lose (NP it )NP )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP (NP The common proposals )NP (PP for (S (VP *UNKING (NP the Fed )NP )VP )S )PP )NP (VP would (ADVP only )ADVP (VP make (S (NP the situation )NP (ADJP worse )ADJP )S , (SBAR if (S (NP they )NP (VP had (NP any effect )NP (ADVP at all )ADVP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (S (VP *UNKING (NP (NP the Secretary )NP (PP of (NP the Treasury )NP )PP )NP (PP on (NP (NP the Board )NP (PP of (NP *UNKC )NP )PP )NP )PP )VP )S , (NP (NP one )NP (PP of (NP (NP the leading proposals )NP (NP today )NP )NP )PP )NP , )NP (VP is (NP an example )NP )VP . )S  STOP
(S (NP The secretary )NP (VP is (NP (NP (NP the world 's )NP biggest *UNK )NP (PP of (NP money )NP )PP )NP )VP . )S  STOP
(S (NP He )NP (VP has (NP (NP a *UNK- , constant *UNKING )NP (PP for (NP lower interest rates )NP )PP )NP )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP he )NP (VP is (NP (NP a political agent )NP (PP of (NP (NP a political president )NP , (SBAR (WHNP who )WHNP (S (VP (ADVP naturally )ADVP (VP gives (NP extraordinary weight )NP (PP to (NP (NP the way )NP (SBAR (S (NP the economy )NP (VP will (VP perform (PP before (NP the next election )NP )PP )VP )VP )S )SBAR )NP )PP )VP , and (VP (NP less )NP (PP to (NP its *UNK- health )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP These days )NP , (NP the secretary )NP (VP *UNK (NP the further *UNK (SBAR that (S (NP he )NP (VP is (NP (NP a member )NP (PP of (NP (NP a club )NP (PP of (NP (NP seven finance ministers )NP (SBAR (WHNP who )WHNP (S (VP (VP meet (ADVP occasionally )ADVP (S (VP to (VP decide (SBAR (WHNP what )WHNP (S (NP exchange rates )NP (VP should (VP be )VP )VP )S )SBAR )VP )VP )S )VP , (SBAR (WHNP which )WHNP (S (VP is (NP (NP a *UNK )NP (PP from (NP (NP the real business )NP (PP of (NP the Federal Reserve )NP )PP (S (VP to (VP stabilize (NP the price level )NP )VP )VP )S )NP )PP )NP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )PP )NP )VP )S )SBAR )NP )VP . )S  STOP
(SBARQ (WHADVP How )WHADVP (SQ should (NP (NP a reasonable member )NP (PP of (NP the Federal Reserve Board )NP )PP )NP (VP interpret (NP a congressional decision (S (VP to (VP put (NP the secretary )NP (PP on (NP the board )NP )PP )VP )VP )S )NP )VP )SQ ? )SBARQ  STOP
(SQ *UNKC (NP he )NP (ADVP *UNKLY )ADVP (VP interpret (NP it )NP (PP as (NP encouragement (SBAR for (S (NP the Fed )NP (VP to (VP give (NP primary emphasis )NP (PP to (S (VP stabilizing (NP the price level )NP )VP )S )PP )VP )VP )S )SBAR )NP )PP )VP ? )SQ  STOP
(SQ Or would (NP he )NP (VP interpret (NP it )NP (PP as (NP *UNK (S (VP to (VP give (NP more weight )NP (PP to (NP (NP (NP these other objectives )NP (SBAR (WHNP that )WHNP (S (NP the secretary )NP (VP represents )VP )S )SBAR )NP -- (NP (NP low interest rates )NP , (NP *UNK- economic expansion )NP , and (NP (NP *UNK )NP (PP of (NP exchange rates )NP )PP (PP at (NP (ADJP internationally managed )ADJP levels )NP )PP )NP )NP )NP )PP )VP )VP )S )NP )PP )VP ? )SQ  STOP
(S (NP The answer )NP (VP seems (ADJP perfectly clear )ADJP )VP . )S  STOP
(S -LRB- (ADVP True )ADVP , (NP (NP a *UNK )NP (PP of (NP Fed *UNK )NP )PP )NP (VP has (VP given (NP color )NP (PP to (NP the notion (SBAR that (S (NP (NP the Secretary )NP (PP of (NP the Treasury )NP )PP )NP (VP belongs (PP on (NP the Fed )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (PP By (NP their constant *UNK (S (VP to (VP advise (NP all and *UNK )NP (PP about (NP federal budgetary matters )NP )PP )VP )VP )S )NP )PP (NP the *UNK )NP (VP have (VP encouraged (NP the belief (SBAR that (S (NP (NP fiscal policy )NP and (NP monetary policy )NP )NP (VP are (NP (NP *UNK )NP (PP of (NP a common *UNK )NP )PP )NP , (SBAR (WHPP in (WHNP which case )WHNP )WHPP (S (NP (NP it )NP )NP (VP is (ADJP natural )ADJP (SBAR that (S (NP (NP the Fed )NP and (NP the Treasury )NP , and probably also (NP the Congress )NP , )NP (VP should (VP be (VP (ADVP jointly )ADVP engaged (PP in (S (VP *UNKING (NP the *UNK )NP )VP )S )PP )VP )VP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP (NP The Fed 's )NP case )NP (PP for (NP its own independence )NP )PP )NP (VP would (VP be (ADJP (NP a little )NP stronger )ADJP (SBAR if (S (NP it )NP (VP were (ADJP (ADJP more *UNK )ADJP (PP of (NP (NP the independence )NP (PP of (NP (NP the rest )NP (PP of (NP the government )NP )PP )NP )PP )NP )PP )ADJP )VP )S )SBAR )VP )VP . -RRB- )S  STOP
(S (NP (NP The Fed 's )NP problem )NP (VP is not (SBAR that (S (NP it )NP (VP is (ADJP (ADJP too independent )ADJP , or (ADJP too *UNK )ADJP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP The Fed )NP (VP (VP is (ADJP responsive (PP to )PP )ADJP )VP , and (VP can not (VP help (S (VP being (ADJP responsive (PP to )PP )ADJP )VP )S )VP )VP , (NP (NP the (ADJP more *UNKLY political )ADJP part )NP (PP of (NP the government )NP )PP )NP )VP . )S  STOP
(S (NP The Fed )NP (VP *UNK (NP (NP a power )NP (VP given (PP to (NP it )NP )PP (PP by (NP (NP Congress )NP and (NP the president )NP )NP )PP )VP )NP )VP . )S  STOP
(S But (NP (NP Congress )NP and (NP the president )NP )NP (VP accept (NP (NP no responsibility )NP (PP for (NP (NP the exercise )NP (PP of (NP (NP the power )NP (SBAR (S (NP they )NP (VP have (VP given (NP the Fed )NP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Critics )NP (PP of (NP the present arrangement )NP )PP )NP (VP are (ADJP correct (S (VP to (VP say (SBAR that (S (NP it )NP (VP is (ADJP *UNK )ADJP )VP )S )SBAR )VP )VP )S )ADJP )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (VP is (ADJP *UNK )ADJP )VP )S )SBAR (VP is (NP (NP the *UNK )NP (PP of (NP (NP the (ADJP more political )ADJP parts )NP (PP of (NP the government )NP )PP )NP )PP (S (VP to (VP take (NP (NP the responsibility )NP (PP for (S (VP deciding (NP (NP the basic question )NP (PP of (NP monetary policy )NP )PP , (SBAR (WHNP which )WHNP (S (VP is (SBAR (WHNP what priority )WHNP (S (VP should (VP be (VP given (PP to (S (VP stabilizing (NP the price level )NP )VP )S )PP )VP )VP )VP )S )SBAR )VP )S )SBAR )NP )VP )S )PP )NP )VP )VP )S )NP )VP . )S  STOP
(S (S (VP To (VP leave (NP this decision )NP (PP to (NP an `` independent '' agency )NP )PP )VP )VP )S (VP is not only (ADJP *UNK )ADJP )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP *UNK (NP (NP the conduct )NP (PP of (NP (NP a policy )NP (SBAR (WHNP that )WHNP (S (VP has (NP a long-term *UNK )NP )VP )S )SBAR )NP )PP )NP , (SBAR because (S (NP it )NP (VP leaves (S (NP the Fed )NP (VP *UNKING (PP about (SBAR (WHNP what )WHNP (S (VP are (NP (NP the expectations )NP (PP of (NP (NP its masters )NP , (NP the politicians )NP , (SBAR (WHNP who )WHNP (S (VP have (ADVP never )ADVP (VP had (S (VP to (VP consider (NP (NP the long-term consequences )NP (PP of (NP monetary policy )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The greatest contribution )NP (SBAR (S (NP Congress )NP (VP could (VP make (PP at (NP this time )NP )PP )VP )VP )S )SBAR )NP (VP would (VP be (S (VP to (VP *UNK (SBAR that (S (S (VP stabilizing (NP the price level )NP )VP )S (VP is (NP (NP the primary responsibility )NP (PP of (NP the Federal Reserve System )NP )PP )NP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP to (NP this effect )NP )PP )NP (VP has (VP been (VP introduced (PP in (NP Congress )NP )PP (PP in (NP this session )NP )PP (PP by (NP (NP Rep. Stephen Neal )NP (PRN -LRB- (NP (NP D. )NP , (NP *UNKC . )NP )NP -RRB- )PRN )NP )PP )VP )VP )VP . )S  STOP
(S (NP It )NP (VP is not (NP (NP the kind )NP (PP of (NP thing )NP )PP (SBAR (WHNP that )WHNP (S (VP is (ADJP likely (S (VP to (VP be (VP enacted )VP )VP )VP )S )ADJP )VP )S )SBAR )NP , (ADVP however )ADVP )VP . )S  STOP
(S (S (NP Congress )NP (VP would (VP be (VP required (S (VP to (VP make (NP a hard decision )NP )VP )VP )S )VP )VP )VP )S , and (S (NP Congress )NP (VP would (VP (ADVP much )ADVP prefer (S (VP to (VP (VP leave (NP the hard decision )NP (PP to (NP the Fed )NP )PP )VP and (VP retain (NP (NP its rights )NP (PP of (NP (NP complaint )NP (PP after (NP the fact )NP )PP )NP )PP )NP )VP )VP )VP )S )VP )VP )S . )S  STOP
(S (NP People )NP (VP will (VP say (SBAR that (S (NP (NP the nation )NP and (NP the government )NP )NP (VP have (NP other objectives )NP , (PP in (NP (NP addition )NP (PP to (S (VP stabilizing (NP the price level )NP )VP )S )PP )NP )PP , (SBAR (WHNP which )WHNP (S (VP is (ADJP true )ADJP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S But (NP that )NP (VP is not (NP (NP the same )NP (PP as (S (VP saying (SBAR that (S (NP the Federal Reserve )NP (VP has (NP other objectives )NP )VP )S )SBAR )VP )S )PP )NP )VP . )S  STOP
(S (NP The government )NP (VP has (NP (NP other agencies and instruments )NP (PP for (S (VP pursuing (NP these other objectives )NP )VP )S )PP )NP )VP . )S  STOP
(S But (NP it )NP (VP has (ADVP only )ADVP (NP (NP the Fed )NP (SBAR (S (VP to (VP pursue (NP *UNK- stability )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S And (NP the Fed )NP (VP has (PP at (NP most )NP )PP (NP (ADJP very limited )ADJP ability (S (VP to (VP contribute (PP to (NP (NP the *UNK )NP (PP of (NP other objectives )NP )PP )NP )PP (PP by (NP (NP means )NP (ADVP other (PP than (PP by (S (VP stabilizing (NP the price level )NP )VP )S )PP )PP )ADVP )NP )PP )VP )VP )S )NP )VP . )S  STOP
(S (NP (NP The two objectives )NP (VP (ADVP most commonly )ADVP thought (S (VP to (VP be (NP (NP legitimate competitors )NP (PP for (NP (NP the attention )NP (PP of (NP the Fed )NP )PP )NP )PP )NP )VP )VP )S )VP )NP (VP are (NP (NP high employment )NP and (NP rapid real growth )NP )NP )VP . )S  STOP
(S But (NP (NP the main lesson )NP (PP of (NP economic policy )NP )PP (PP in (NP the past 30 years )NP )PP )NP (VP is (SBAR that (S (SBAR if (S (NP the Fed )NP (VP *UNK (PP with (NP the *UNK- objective )NP )PP (PP in (NP (NP the pursuit )NP (PP of (NP these other goals )NP )PP )NP )PP )VP )S )SBAR , (NP the result )NP (VP (VP is not (NP (NP high employment )NP and (NP rapid growth )NP )NP )VP but (VP is (NP inflation )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP A former chairman )NP (PP of (NP (NP (NP the president 's )NP Council )NP (PP of (NP Economic Advisers )NP )PP )NP )PP )NP )S , (NP Mr. Stein )NP (VP is (NP an American Enterprise Institute fellow )NP )VP . )S  STOP
(S (NP Republic New York Corp. )NP (VP joined (NP (NP the list )NP (PP of (NP (NP banks )NP (VP boosting (NP (NP reserves )NP (PP for (NP (NP losses )NP (PP on (NP (NP loans )NP (PP to (NP *UNKED countries )NP )PP )NP )PP )NP )PP )NP )VP )NP )PP )NP , (S (VP (VP setting (PRT out )PRT (NP a (ADJP (QP $ 200 million )QP )ADJP provision )NP )VP and (VP posting (NP a (ADJP (QP $ *UNKN million )QP )ADJP third-quarter net loss )NP (PP as (NP a result )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The per-share loss )NP (VP was (NP $ *UNKN )NP )VP . )S  STOP
(S (PP In (NP the (ADJP year earlier )ADJP period )NP )PP , (NP (NP the New York parent )NP (PP of (NP Republic National Bank )NP )PP )NP (VP had (NP (NP net income )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ 1.12 )NP (NP a share )NP )NP )NP )PP )NP )VP . )S  STOP
(S (PP Excluding (NP the provision )NP )PP , (NP Republic )NP (VP earned (NP (NP (QP $ *UNKN million )QP )NP , (ADVP up (NP 15 % )NP (PP from (ADVP (NP a year )NP ago )ADVP )PP )ADVP )NP )VP . )S  STOP
(S (S (NP (NP (NP The bank 's )NP (ADJP *UNK- and long-term )ADJP loans )NP (PP to (NP less-developed countries )NP )PP )NP (VP total (NP (NP (QP $ *UNKN million )QP )NP , (SBAR (WHPP of (WHNP which )WHNP )WHPP (S (NP (NP (QP $ *UNKN million )QP )NP )NP (VP are n't (VP *UNKING (NP interest )NP )VP )VP )S )SBAR )NP )VP )S , (NP the bank )NP (VP said )VP . )S  STOP
(S (NP (NP (NP Republic 's )NP total )NP (PP of (NP nonperforming assets )NP )PP )NP (VP was (NP (QP $ *UNKN million )QP )NP (PP at (NP Sept. 30 )NP )PP , (PP with (S (NP (NP its reserve )NP (PP for (NP loan losses )NP )PP )NP (ADVP now )ADVP (VP standing (PP at (NP (QP $ *UNKN million )QP )NP )PP )VP )S )PP )VP . )S  STOP
(S (S (NP *UNKC advocates )NP (VP won (NP (NP last week 's )NP *UNK )NP )VP )S , but (S (NP (NP the war )NP (PP over (NP (NP the nation 's )NP *UNK- social question )NP )PP )NP (VP is (VP about (S (VP to (VP pick (PRT up )PRT (ADVP again )ADVP (PP on (NP (NP turf )NP (SBAR (WHNP that )WHNP (S (VP favors (NP (NP those )NP (VP seeking (S (VP to (VP restrict (NP abortions )NP )VP )VP )S )VP )NP )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP )S . )S  STOP
(S (NP *UNKC new regulations )NP (VP seem (ADJP certain (S (VP to (VP pass (NP (NP the state House )NP (PP in (NP Pennsylvania )NP )PP )NP (NP next week )NP )VP )VP )S )ADJP , (PP with (NP (NP (NP easy approval )NP (PP (PP by (NP the Senate )NP )PP and (PP by (NP Democratic Gov. Bob *UNKC )NP )PP )PP )NP (VP expected (ADVP shortly thereafter )ADVP )VP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP (SBAR (S (VP to (VP require (NP (NP the consent )NP (PP of (NP parents )NP )PP )NP (SBAR before (S (NP (NP their daughters )NP (PP under (NP (NP the age )NP (PP of (NP 18 )NP )PP )NP )PP )NP (VP can (VP have (NP abortions )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP (VP will (ADVP probably )ADVP (VP (VP pass (NP (NP both houses )NP (PP of (NP the Michigan legislature )NP )PP )NP )VP and (VP set (PRT up )PRT (NP a *UNKING battle (S (VP to (VP override (NP (NP the expected veto )NP (PP of (NP Democratic Gov. James *UNKC )NP )PP )NP )VP )VP )S )NP )VP )VP )VP . )S  STOP
(S (NP (NP The short-term shift )NP (PP in (NP (NP the political climate )NP (VP surrounding (NP abortion )NP )VP )NP )PP )NP (VP reflects (NP (NP (NP two factors )NP (SBAR (WHNP that )WHNP (S (VP are (ADJP likely (S (VP to (VP govern (NP the debate )NP (PP in (NP the next several months )NP )PP )VP )VP )S )ADJP )VP )S )SBAR )NP : (NP (NP (NP the *UNKING )NP (PP of (NP (NP the abortion-rights movement )NP (PP as (NP a *UNK force )NP )PP )NP )PP (PP after (NP (NP years )NP (PP of (NP *UNK )NP )PP )NP )PP )NP , and (NP (NP the ability )NP (PP of (NP each side )NP )PP (S (VP to (VP counter (NP (NP (NP the other 's )NP advance )NP (PP in (NP one arena )NP )PP )NP (PP with (NP (NP a victory )NP (PP of (NP its own )NP )PP (ADVP elsewhere )ADVP )NP )PP )VP )VP )S )NP )NP )NP )VP . )S  STOP
(S (NP (NP The action )NP (PP in (NP Pennsylvania )NP )PP )NP , (PP for (NP example )NP )PP , (VP will (VP follow (NP (NP (NP (NP last week 's )NP collapse )NP (PP of (NP (NP a special session )NP (PP of (NP the Florida legislature )NP )PP (SBAR (S (VP to (VP *UNK (NP (NP restrictions )NP (PP on (NP abortions )NP )PP )NP (PP in (NP that state )NP )PP )VP )VP )S )SBAR )NP )PP )NP , and (NP (NP the vote )NP (ADVP here (PP in (NP Washington )NP )PP )ADVP (PP by (NP the House )NP )PP (S (VP to (VP permit (NP (NP (ADJP federally paid )ADJP abortions )NP (PP for (NP (NP poor women )NP (SBAR (WHNP who )WHNP (S (VP are (NP (NP victims )NP (PP of (NP rape or incest )NP )PP )NP )VP )S )SBAR )NP )PP )NP )VP )VP )S )NP )NP )VP )VP . )S  STOP
(S But (S (NP President Bush )NP (VP is (VP expected (S (VP to (VP veto (NP the congressional legislation )NP )VP )VP )S )VP )VP )S and (S (NP that )NP , (PP along (PP with (NP (NP the easy approval )NP (PP of (NP the Pennsylvania measure )NP )PP )NP )PP )PP , (VP is (ADJP likely (S (VP to (VP (VP *UNK (NP (NP (NP the abortion-rights activists ' )NP claims )NP (PP of (NP momentum )NP )PP )NP )VP and (VP *UNK (NP (NP the challenges )NP (VP faced (PP by (NP this *UNK movement )NP )PP )VP )NP )VP )VP )VP )S )ADJP )VP )S . )S  STOP
(SINV `` (S (NP (NP It )NP )NP (VP 's (ADJP great )ADJP (S (VP to (VP feel (ADJP good )ADJP (PP for (NP (NP once )NP (PP in (NP 15 years )NP )PP )NP )PP )VP )VP )S )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a consultant )NP (PP to (NP abortion-rights advocates )NP )PP )NP )NP , (S (VP reflecting (NP (NP the relief )NP (PP of (NP his *UNK )NP )PP )NP (PP after (NP (NP (NP last week 's )NP *UNK )NP , (NP (NP the first major events )NP (SBAR since (S (NP the Supreme Court )NP , (PP in (NP its July 3 Webster decision )NP )PP , (VP permitted (S (NP the states )NP (VP to (VP *UNK (NP (NP restrictions )NP (PP on (NP abortions )NP )PP )NP )VP )VP )S )VP )S )SBAR )NP )NP )PP )VP )S . )SINV  STOP
(S `` But (SBAR (WHNP (WHADJP how many )WHADJP more times )WHNP (S (NP we )NP (VP 're (VP going (S (VP to (VP feel (ADJP good )ADJP )VP )VP )S (PP in (NP the next 15 )NP )PP )VP )VP )S )SBAR (VP is (NP another question )NP )VP . '' )S  STOP
(S (ADVP Indeed )ADVP , (NP abortion-rights activists )NP (ADVP still )ADVP (VP face (NP their greatest tests )NP )VP . )S  STOP
(SINV `` (S (NP The pro-choice movement )NP (VP has (VP shown (PRN -- (ADVP finally )ADVP -- )PRN (SBAR that (S (NP it )NP (VP can (VP *UNK )VP )VP )S )SBAR )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a *UNKC University political scientist )NP (SBAR (WHNP who )WHNP (S (VP specializes (PP in (SBAR (WHADVP how )WHADVP (S (NP state legislators )NP (VP handle (NP the abortion question )NP )VP )S )SBAR )PP )VP )S )SBAR )NP )NP . )SINV  STOP
(S `` But (NP it )NP (ADVP still )ADVP (VP has n't (VP shown (SBAR that (S (NP it )NP (VP can (VP win (PP in (NP (NP a state )NP (PP like (NP Pennsylvania or Missouri )NP )PP , (SBAR (SBAR (WHADVP where )WHADVP (S (NP abortion )NP (VP has (VP been (ADVP clearly )ADVP (NP an electoral issue )NP )VP )VP )S )SBAR and (SBAR (WHADVP where )WHADVP (S (NP it )NP (VP 's (VP been (NP an emotional issue )NP (PP for (NP a long time )NP )PP )VP )VP )S )SBAR )SBAR )NP )PP )VP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP (NP The *UNK )NP (PP of (NP abortion )NP )PP )NP (VP hold (NP the strong *UNK hand )NP (PP in (NP (NP Pennsylvania )NP , (SBAR (WHADVP where )WHADVP (S (NP abortion-rights activists )NP (VP are (ADVP (ADVP so much )ADVP )ADVP (PP on (NP the defensive )NP )PP (SBAR that (S (NP their strategy )NP (VP is (ADVP (ADVP less )ADVP )ADVP (S (VP to (VP fight (NP the proposed legislation )NP )VP )VP )S (SBAR than (S (NP it )NP (VP is (S (VP to (VP stress (SBAR (WHADVP how )WHADVP (S (NP the state legislature )NP (VP does n't (VP reflect (NP (NP the *UNK )NP (PP of (NP (NP the state 's )NP citizens )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP As (NP a result )NP )PP , (NP (NP (NP GOP state Rep. Stephen *UNKC )NP (PP of (NP Delaware County )NP )PP )NP , (NP (NP (NP the legislature 's )NP leading *UNK )NP (PP of (NP abortion )NP )PP )NP , )NP (VP has (VP been (VP given (NP (NP (ADJP (ADVP all but )ADVP free )ADJP rein )NP (SBAR (S (S (VP to (VP press (NP a strict *UNK- plan (S (VP to (VP restrict (NP abortion )NP )VP )VP )S )NP )VP )VP )S and (PRN , (S (NP he )NP (VP hopes )VP )S , )PRN (S (VP to (VP force (S (NP the Supreme Court )NP (ADVP directly )ADVP (VP to (VP *UNK (NP (NP its 1973 Roe *UNK Wade decision )NP (SBAR (WHNP that )WHNP (S (VP established (NP (NP the right )NP (PP of (NP abortion )NP )PP )NP (PP in (NP the first place )NP )PP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )S )SBAR )NP )VP )VP )VP . )S  STOP
(S (NP (NP The *UNKC legislation )NP (PRN -- (S (S (NP (NP the state 's )NP House *UNKC Committee )NP (VP approved (NP it )NP (PP in (NP *UNKC )NP )PP (NP this week )NP )VP )S and (S (NP the full Pennsylvania House )NP (VP is (VP expected (S (VP to (VP take (PRT up )PRT (NP the bill )NP (NP next Tuesday )NP )VP )VP )S )VP )VP )S )S -- )PRN )NP (VP includes (NP (NP a provision )NP (SBAR (S (VP to (VP ban (NP (NP abortions )NP (PP after (NP (NP 24 weeks )NP (PP of (NP pregnancy )NP )PP )NP )PP )NP (PRN , except (S (VP to (VP *UNK (NP (NP the death )NP (PP of (NP the mother )NP )PP )NP )VP )VP )S )PRN )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP *UNK (SBAR that (S (NP (NP the provision )NP , (SBAR (WHNP which )WHNP (S (VP attacks (NP (NP the *UNK standards )NP (SBAR (WHNP that )WHNP (S (NP Roe )NP (VP established )VP )S )SBAR )NP )VP )S )SBAR , )NP (VP will `` (VP make (S (NP (NP it )NP )NP (ADJP necessary )ADJP '' (SBAR for (S (NP the Supreme Court )NP (VP (VP to (VP review (NP Roe )NP )VP )VP and , (VP (ADVP perhaps )ADVP , to (VP *UNK (NP it )NP )VP )VP )VP )S )SBAR )S )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP the Pennsylvania measure )NP (ADVP also )ADVP (VP includes (NP (NP an `` informed consent '' provision )NP (SBAR (WHNP that )WHNP (S (VP may (VP become (S (VP (ADVP widely )ADVP *UNKED (PP by (NP (NP abortion *UNK )NP (SBAR (WHNP who )WHNP (S (VP want (S (VP to (VP make (S (NP (NP women )NP (VP *UNKING (NP abortion )NP )VP )NP (ADJP (ADJP as *UNK )ADJP (PP as (ADJP possible )ADJP )PP (PP (PP with (NP the procedure )NP )PP and (PP with (NP themselves )NP )PP )PP )ADJP )S )VP )VP )S )VP )S )SBAR )NP )PP )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP Under (NP this legislation )NP )PP , (NP a woman )NP (VP must (VP be (VP informed (PP (NP 24 hours )NP before (NP the operation )NP )PP (PP of (NP (NP (NP the details )NP (PP of (NP the procedure )NP )PP )NP and (NP its risks )NP )NP )PP )VP )VP )VP . )S  STOP
(S `` (ADVP *UNKC (PP of (SBAR whether (S (NP one )NP (VP supports or opposes (NP (NP the right )NP (PP to (NP an abortion )NP )PP )NP )VP )S )SBAR )PP )ADVP (PRN , '' (S (NP Mr. *UNKC )NP (VP argues )VP )S , )PRN `` (NP (NP it )NP )NP (VP is (ADJP virtually impossible )ADJP (SBAR for (S (NP any rational human being )NP (VP to (VP disagree (PP with (NP the concept (SBAR that (S (NP a woman )NP (VP has (NP the right (S (VP to (VP have (S (NP (NP all )NP (PP of (NP the appropriate materials and advice )NP )PP )NP (VP made (S (ADJP available (PP to (NP her )NP )PP )ADJP )S )VP )S (SBAR before (S (NP she )NP (VP makes (NP (NP a decision )NP (SBAR (WHNP which )WHNP , (S (NP (NP one way )NP or (NP the other )NP )NP , (VP might (VP remain (PP with (NP her )NP )PP (PP for (NP (NP the rest )NP (PP of (NP her life )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP )S )NP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (PP In (NP (NP Michigan )NP , (SBAR (WHADVP where )WHADVP (S (NP the state Senate )NP (VP is (VP expected (S (VP to (VP approve (NP *UNK- legislation )NP (PP by (NP (NP the end )NP (PP of (NP next week )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR , )NP )PP (NP Gov. *UNKC )NP (VP is (NP (NP the principal obstacle )NP (PP for (NP *UNK- )NP )PP )NP )VP . )S  STOP
(S (NP (NP Susan *UNKC )NP , (NP (NP a consultant )NP (PP to (NP (NP abortion-rights activists )NP (PP in (NP the state )NP )PP )NP )PP )NP , )NP (VP takes (NP comfort )NP (PP from (NP the fact (SBAR that (S (NP (NP the state 's )NP House abortion opponents )NP `` (VP have n't (VP been (ADJP able (S (VP to (VP *UNK (NP (NP the votes )NP (SBAR (S (VP to (VP *UNK (NP (NP a veto )NP (PP on (NP abortion )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP )S )ADJP (PP in (NP 16 years )NP )PP )VP )VP )S )SBAR )NP )PP )VP . '' )S  STOP
(S But (NP proponents )NP (VP believe (SBAR (S (NP they )NP (VP may (VP be (ADJP able (S (VP to (VP shake (S (NP enough votes )NP (ADJP loose )ADJP (S (VP to (VP override (NP the veto )NP )VP )VP )S )S )VP )VP )S )ADJP (SBAR if (S (NP they )NP (VP are (ADJP successful )ADJP (PP in (S (VP *UNKING (NP the legislation )NP (PP as (NP (NP a matter )NP (PP of (NP (NP parents ' )NP rights )NP )PP )NP )PP )VP )S )PP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP Illinois )NP )PP , (NP lawmakers )NP (VP will (VP vote (PP before (NP next spring )NP )PP (PP on (NP (NP (NP legislation )NP (VP requiring (S (NP *UNK )NP (VP to (VP perform (NP tests )NP (PP on (NP *UNK )NP )PP (PP at (NP 20 weeks )NP )PP (S (VP to (VP determine (NP their *UNK (NX (NX age )NX , (NX weight )NX and (NX lung maturity )NX )NX )NP )VP )VP )S )VP )VP )S )VP )NP (ADVP along (PP with (NP (NP a provision )NP (VP requiring (SBAR that , (S (SBAR if (S (NP *UNK )NP (VP survive (NP an abortion )NP )VP )S )SBAR , (NP a second doctor )NP (VP must (VP be (PP on (NP hand )NP )PP (S (VP to (VP help (S (NP it )NP (VP survive )VP )S )VP )VP )S )VP )VP )S )SBAR )VP )NP )PP )ADVP )NP )PP )VP )VP . )S  STOP
(S (S (NP The legislation )NP (VP failed (PP by (NP one vote )NP )PP (S (VP to (VP clear (NP the House *UNKC Committee )NP )VP )VP )S (NP Tuesday )NP )VP )S , but (S (NP *UNK- )NP (ADVP still )ADVP (VP may (VP succeed (PP in (S (VP bringing (NP the measure )NP (PP to (NP the floor )NP )PP (NP this fall )NP )VP )S )PP )VP )VP )S . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP executive director )NP (PP of (NP the Illinois *UNKED *UNKC Council )NP )PP )NP , )NP (VP says (SBAR (S (NP (NP she )NP and (NP her allies )NP )NP (VP are (ADJP `` *UNKLY optimistic '' (SBAR (S (NP they )NP (VP can (VP defeat (NP it )NP (SBAR if (S (NP it )NP (VP comes (PP to (NP a floor vote )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Abortion *UNK )NP (PP in (NP Wisconsin )NP )PP )NP , (ADVP meanwhile )ADVP , (VP (VP expect (S (NP a *UNK- bill )NP (VP to (VP be (VP sent (PP to (NP the state assembly floor )NP )PP (PP by (NP early November )NP )PP )VP )VP )VP )S )VP and (VP are (ADJP *UNK (PP of (S (VP *UNKING (PP in (NP both houses )NP )PP (PP by (NP next March )NP )PP )VP )S )PP )ADJP )VP )VP . )S  STOP
(S (PP In (NP Texas )NP )PP , (NP abortion opponents )NP (VP want (S (VP to (VP pass (NP (NP *UNK- legislation )NP (PP along (PP with (NP (NP a *UNK ban )NP (PP on (NP (NP (NP the use )NP (PP of (NP public funds , personnel and facilities )NP )PP (PP for (NP abortion )NP )PP )NP , and (NP (NP *UNK tests )NP (PP for (NP (NP *UNK )NP (UCP (NP 19 weeks )NP and (ADJP older )ADJP )UCP )NP )PP )NP )NP )PP )NP )PP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP The *UNK- )NP (VP are (VP urging (NP GOP Gov. Bill *UNKC )NP (S (VP to (VP press (NP the issues )NP (PP in (NP (NP a special session )NP (VP scheduled (S (VP to (VP run (NP (NP Nov. 14 )NP to (NP Dec. 13 )NP )NP )VP )VP )S )VP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP The *UNK )NP (VP is (ADVP only )ADVP (ADJP fair )ADJP )VP )S , '' (VP says )VP (NP (NP *UNKC Roberts )NP , (NP (NP administrative director )NP (PP of (NP the Texas (NAC Right (PP to (NP Life )NP )PP )NAC Committee )NP )PP )NP )NP . )SINV  STOP
(S `` (S (NP Next year )NP (VP is (NP an election year )NP )VP )S and (S (NP the legislators )NP (ADVP just )ADVP (VP do n't (VP want (S (VP to (VP do (NP (NP anything )NP (PP about (NP this )NP )PP )NP (ADVP now )ADVP )VP )VP )S )VP )VP )S . '' )S  STOP
(S (NP This legislative activity )NP (VP comes (SBAR as (S (NP both sides )NP (VP are (VP (VP undertaking (NP new *UNK efforts )NP )VP , (VP *UNKING (PP into (NP (NP *UNK races )NP (PP in (NP (NP Virginia )NP and (NP New Jersey )NP )NP )PP )NP )PP )VP , and (VP *UNKING (PP for (NP (NP next autumn 's )NP state elections )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP At (NP the same time )NP )PP , (NP abortion *UNK )NP (VP have (VP developed (NP a national legislative strategy )NP , (S (VP deciding (S (VP to (VP move (PP on (SBAR (WHNP what )WHNP (S (NP (NP *UNKC *UNKC )NP , (NP (NP the (NP (NAC National Right (PP to (NP Life )NP )PP )NAC Committee 's )NP director )NP (PP of (NP state *UNK development )NP )PP )NP , )NP (VP calls (S `` (NP (NP reasonable measures )NP (SBAR (WHNP that )WHNP (S (NP (NP an overwhelming mainstream majority )NP (PP of (NP Americans )NP )PP )NP (VP support )VP )S )SBAR )NP )S )VP )S )SBAR )PP )VP )VP )S )VP )S )VP )VP . '' )S  STOP
(S (NP These )NP (VP include (NP (NP (NP bans )NP (PP on (NP (NP the use )NP (PP of (NP abortion )NP )PP (PP for (NP (NP birth control )NP and (NP sex selection )NP )NP )PP )NP )PP )NP , and (NP (NP the public funding )NP (PP of (NP (NP alternatives )NP (PP for (NP abortion )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(SINV `` (S (NP (NP Those )NP (SBAR (WHNP who )WHNP (S (VP are (PP on (NP the other side )NP )PP )VP )S )SBAR )NP (VP can (ADVP hardly )ADVP (VP oppose (NP alternative funding )NP (SBAR if (S (NP they )NP (VP continue (S (VP to (VP insist (PP on (S (VP calling (S (NP themselves )NP (ADJP ` pro-choice ' (PP rather than ` (ADJP *UNK- )ADJP )PP )ADJP )S )VP )S )PP )VP )VP )S )VP )S )SBAR )VP )VP )S , ' '' (VP says )VP (NP (NP Mary *UNKING )NP , (NP (NP the group 's )NP associate state legislative *UNK )NP )NP . )SINV  STOP
(S (PP Over (NP the weekend )NP )PP , (NP the National Abortion Rights *UNKC League )NP (VP (VP *UNKED (PRT out )PRT (NP (NP eight politicians )NP , (PP including (NP (NP Pennsylvania 's )NP Mr. *UNKC )NP )PP , )NP (PP as (NP 1990 targets )NP )PP )VP and (VP held (NP (NP a Washington *UNK )NP (VP designed (S (VP to (VP train (NP its leaders )NP (PP in (NP (NP political techniques )NP , (PP including (SBAR (WHADVP how )WHADVP (S (VP to (VP put (NP the *UNK- )NP (PP on (NP the defensive )NP )PP (PP in (NP state *UNK )NP )PP )VP )VP )S )SBAR )PP )NP )PP )VP )VP )S )VP )NP )VP )VP . )S  STOP
(SINV `` (S (NP We )NP (ADVP now )ADVP (VP see (S (NP pro-choice legislators )NP (VP going (PP on (NP the offensive )NP )PP )VP )S (PP for (NP the first time )NP )PP )VP )S , '' (VP says )VP (NP (NP Kate *UNKC )NP , (NP (NP executive director )NP (PP of (NP the group )NP )PP )NP )NP . )SINV  STOP
(NP Wall Street )NP  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP I )NP (VP was (UCP (NP just a child )NP And (VP *UNKED (PP by (NP my fears )NP )PP )VP )UCP )VP )S )SBAR , (NP (NP The things )NP (SBAR (WHNP that )WHNP (S (NP I )NP (VP thought (SBAR (S (VP would (VP get (NP me )NP )VP )VP )S )SBAR )VP )S )SBAR )NP (VP *UNKC (NP (NP *UNK )NP and (NP pointed *UNK )NP )NP )VP . )S  STOP
(S (S (NP (NP Nothing )NP (ADJP much )ADJP )NP (VP has (VP changed )VP )VP )S -- (S (NP My *UNK *UNK )NP (VP Are (ADVP still )ADVP (PP from (NP hostile animals )NP )PP )VP )S , Only (S (ADVP now )ADVP , (NP they )NP (VP 're (NP *UNK and bears )NP )VP )S . )S  STOP
(NP -- *UNKC *UNKC . )NP  STOP
(NP *UNKC )NP  STOP
(NP (NP *UNKED *UNK )NP : (NP *UNK- )NP . )NP  STOP
(NP -- *UNKC J. *UNKC . )NP  STOP
(S (NP (NP This maker and marketer )NP (PP of (NP *UNK tape systems )NP )PP )NP (VP said (SBAR (S (NP it )NP (VP completed (NP (NP the sale )NP (PP of (NP (NP (QP 2.85 million )QP shares )NP (PP of (NP common )NP )PP (VP priced (PP at (NP (NP $ 10 )NP (NP a share )NP )NP )PP )VP )NP )PP )NP (PP in (NP an initial public offering )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (SBAR that (S (NP it )NP (VP is (VP selling (NP (QP two million )QP shares )NP )VP )VP )S )SBAR and (SBAR that (S (NP the rest )NP (VP are (VP being (VP sold (PP by (NP certain stockholders )NP )PP )VP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP Proceeds )NP (VP will (VP be (VP used (PP for (NP (NP capital expenditures )NP and (NP working capital )NP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP Goldman , Sachs & Co. )NP and (NP Montgomery Securities Inc. )NP )NP (VP are (VP *UNKING (NP the offering )NP )VP )VP . )S  STOP
(S (NP Congress )NP (VP sent (NP President Bush )NP (NP (NP an (ADJP (QP $ *UNKN billion )QP )ADJP fiscal 1990 Treasury and Postal Service bill )NP (VP (VP providing (NP (QP $ 5.5 billion )QP )NP (PP for (NP the Internal Revenue Service )NP )PP )VP and (VP increasing (NP (NP the *UNKC Service 's )NP *UNK- program )NP (NP nearly a third )NP )VP )VP )NP )VP . )S  STOP
(S (S (NP *UNKC approval )NP (VP came (PP on (NP (NP a simple voice vote )NP (PP in (NP the Senate )NP )PP )NP )PP )VP )S , and (S (NP the *UNK passage )NP (VP *UNKED (PP with (NP (NP months )NP (PP of (NP (NP negotiations )NP (PP over (NP (NP the underlying bill )NP (SBAR (WHNP which )WHNP (S (VP is (ADJP *UNKED (PP with (NP (NP *UNK- provisions )NP (PP for (NP both (NP members )NP and (NP the executive branch )NP )NP )PP )NP )PP )ADJP )VP )S )SBAR )NP )PP )NP )PP )NP )PP )VP )S . )S  STOP
(S (NP An estimated (QP $ 33 million )QP )NP (VP was (VP added (PP for (NP (NP university and science grants )NP , (PP including (NP (NP (QP $ 1.5 million )QP )NP (PP for (NP Smith College )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S And (NP Southwest lawmakers )NP (VP were (NP (NP a driving force )NP (PP behind (NP (NP (NP (QP $ *UNKN million )QP )NP (PP for (NP *UNKC border facilities )NP )PP )NP , or (NP (QP more than double )QP (NP the administration 's )NP request )NP )NP )PP )NP )VP . )S  STOP
(S (S (NP (QP More than $ 1.8 million )QP )NP (VP is (VP allocated (PP for (NP (NP *UNK and expenses )NP (PP for (NP former presidents )NP )PP )NP )PP )VP )VP )S , and (S (NP (NP the budget )NP (PP for (NP (NP the official residence )NP (PP of (NP Vice President Quayle )NP )PP )NP )PP )NP (VP is (VP (ADVP more than )ADVP doubled )VP , (SBAR with (S (NP $ 200,000 )NP (VP designated (PP for (NP (NP improvements )NP (PP to (NP the property )NP )PP )NP )PP )VP )S )SBAR )VP )S . )S  STOP
(S (NP (NP Even the Office )NP (PP of (NP Management and Budget )NP )PP )NP (VP is (VP *UNKED (PP with (NP (NP an extra (QP $ 1 million )QP )NP (SBAR (S (VP to (VP help (VP offset (NP (NP pay costs )NP (SBAR (WHNP that )WHNP (S (NP other government departments )NP (VP are (VP being (VP asked (S (VP to (VP absorb )VP )VP )S )VP )VP )VP )S )SBAR )NP )VP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (PP Within (NP the IRS )NP )PP , (NP (NP (QP nearly $ *UNKN billion )QP )NP )NP (VP is (VP provided (PP for (S (VP processing (NP tax returns )NP )VP )S )PP , (NP (NP (NP a (ADJP 12 % )ADJP increase )NP (PP over (NP fiscal 1989 )NP )PP )NP and (NP double (SBAR (WHNP what )WHNP (S (NP the government )NP (VP was (VP spending (ADVP (NP five years )NP ago )ADVP )VP )VP )S )SBAR )NP )NP )VP )VP . )S  STOP
(S (S (NP Investigation and taxpayer service accounts )NP (VP would (VP grow (PP to (NP (QP $ 1.6 billion )QP )NP )PP )VP )VP )S , and (S (NP Congress )NP (ADVP specifically )ADVP (VP added (NP (QP $ 7.4 million )QP )NP (PP for (NP (NP (ADJP stepped (PRT up )PRT )ADJP criminal investigations )NP (PP of (NP (NP money *UNKING )NP (VP related (PP to (NP drug traffic )NP )PP )VP )NP )PP )NP )PP )VP )S . )S  STOP
(S (S (NP (NP The large increase )NP (PP in (NP *UNKC Service *UNK- funds )NP )PP )NP (VP is (ADVP also )ADVP (VP intended (S (VP to (VP counter (NP *UNKING )NP )VP )VP )S )VP )VP )S , and (S (NP the annual appropriations level )NP (VP has (VP (ADVP more than )ADVP *UNKED (PP in (NP five years )NP )PP )VP )VP )S . )S  STOP
(S (NP (NP The (QP $ *UNKN million )QP )NP (VP provided (PP for (NP fiscal 1990 )NP )PP )VP )NP (VP anticipates (NP (NP the purchase )NP (PP of (NP (NP a Lockheed *UNKC *UNK aircraft )NP and (NP five *UNKC *UNKC II *UNK )NP )NP )PP )NP )VP . )S  STOP
(S (PP Despite (NP administration reservations )NP )PP , (NP the plan )NP (VP has (VP had (NP (NP the quiet backing )NP (PP of (NP (NP customs officials )NP (CONJP as well as )CONJP (NP (NP influential lawmakers )NP (PP from (NP (NP (NP *UNKC 's )NP home state )NP , (NP Kansas )NP )NP )PP )NP )NP )PP )NP )VP )VP . )S  STOP
(SINV (PP Among (NP (NP legislative provisions )NP (VP attached (PP to (NP the bill )NP )PP )VP )NP )PP (VP is )VP (NP (NP a ban )NP (PP on (NP (NP any Treasury Department *UNK )NP (PP for (NP (NP enforcement )NP (PP of (NP (NP a 1986 tax provision )NP (VP intended (S (VP to (VP counter (NP discrimination )NP (PP in (NP *UNK- plans )NP )PP )VP )VP )S )VP )NP )PP )NP )PP )NP )PP )NP . )SINV  STOP
(S (NP *UNKC interests )NP (VP have (VP *UNKED (PP against (NP the so-called Section 89 tax rules )NP )PP )VP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP is (VP considered (S (ADJP likely )ADJP )S (ADVP now )ADVP )VP )VP )S , but (S (NP the Treasury Department bill )NP (VP has (VP been (VP used (PP as (NP a vehicle )NP )PP (S (VP to (VP (VP raise (NP (NP the profile )NP (PP of (NP the issue )NP )PP )NP )VP and (VP block (NP any action )NP (PP in (NP the interim )NP )PP )VP )VP )VP )S )VP )VP )VP )S . )S  STOP
(SINV (ADJP *UNKC noticed )ADJP (VP is )VP (NP (NP a bit )NP (PP of (NP (NP legislative *UNK )NP (PP by (NP Houston Republicans )NP )PP (PP on (NP (NP behalf )NP (PP of (NP (NP *UNKC Corp. )NP (PP of (NP Texas )NP )PP )NP )PP )NP )PP (SBAR (S (VP to (ADVP *UNKLY )ADVP (VP `` move '' (NP a Missouri hospital )NP (PP from (NP one county )NP )PP (PP to (NP the next )NP )PP (S (VP to (VP justify (NP higher Medicare *UNK )NP )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP . )SINV  STOP
(S (NP The provision )NP (VP seeks (S (VP to (VP *UNK (PRT out )PRT (NP (NP an estimated (QP $ 1.4 million )QP )NP (PP in (NP (NP claims )NP (VP made (PP by (NP the Health Care Finance Administration )NP )PP (PP against (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP owned (NP (NP the hospital )NP (PP in (NP (NP Sullivan )NP , (NP *UNKC )NP , )NP )PP )NP (PP during (NP (NP most )NP (PP of (NP (NP the four-year period )NP (PRN -- (NP *UNKN )NP -- )PRN (VP covered (PP in (NP the amendment )NP )PP )VP )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (PP In (NP a separate development )NP )PP , (NP (NP a private meeting )NP )NP (VP is (VP scheduled (NP this morning )NP (PP between (NP (NP (NP House Appropriations Committee Chairman Jamie Whitten )NP (PRN -LRB- (NP (NP D. )NP , (NP Miss . )NP )NP -RRB- )PRN )NP and (NP (NP Sen. Dale *UNKC )NP (PRN -LRB- (NP (NP D. )NP , (NP *UNKC . )NP )NP -RRB- )PRN )NP )NP )PP (PP in (NP an effort (S (VP to (VP end (NP (NP a dispute )NP (SBAR (WHNP which )WHNP (S (PP for (NP two weeks )NP )PP (VP has (VP delayed (NP (NP action )NP (PP on (NP an (ADJP (QP estimated $ 44 billion )QP )ADJP agriculture bill )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP )S )NP )PP )VP )VP . )S  STOP
(S (S (NP A House-Senate conference )NP (VP reached (NP agreement )NP (NP Oct. 5 )NP (PP on (NP (NP (ADJP virtually all )ADJP major provisions )NP (PP of (NP the bill )NP )PP )NP )PP )VP )S , but (S (NP final settlement )NP (VP has (VP been (VP stalled (PP because of (NP (NP differences )NP (PP between (NP the two men )NP )PP (PP over (NP (NP the fate )NP (PP of (NP (NP a modest *UNKED program )NP (SBAR (S (VP to (VP provide (NP technical information )NP (PP to (NP (NP farmers )NP (VP seeking (S (VP to (VP reduce (NP (NP their *UNK )NP (PP on (NP chemical *UNK and pesticides )NP )PP )NP )VP )VP )S )VP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )PP )VP )VP )VP )S . )S  STOP
(S (S (NP (NP The program 's )NP *UNK sponsors )NP (VP received (NP $ *UNKN )NP (PP in (NP fiscal 1989 )NP )PP (PP through (NP an *UNKC Service grant )NP )PP )VP )S , but (S (NP Mr. Whitten )NP (VP has (VP been (ADJP *UNK )ADJP (PP in (S (VP insisting (SBAR that (S (NP the program )NP (VP be (VP cut (PP in (NP 1990 )NP )PP )VP )VP )S )SBAR )VP )S )PP )VP )VP )S . )S  STOP
(S (S (NP The *UNK- *UNKC )NP (VP takes (NP (NP a (ADJP more *UNK )ADJP , *UNKED view )NP (PP of (NP agriculture policy )NP )PP (PP than (NP (NP those )NP (PP in (NP the movement (S (VP to (VP reduce (NP chemical use )NP )VP )VP )S )NP )PP )NP )PP )NP )VP )S , but (S (PP as (NP (NP a master )NP (PP of (NP pork-barrel politics )NP )PP )NP )PP , (NP he )NP (VP is (VP believed (S (VP to (VP be (ADJP *UNKED (ADVP as well )ADVP (SBAR that (S (NP the project )NP (VP moved (PP to (NP Arkansas )NP )PP (PP from (NP (NP a Tennessee center )NP (PP near (NP (NP Memphis )NP and (NP the northern Mississippi border )NP )NP )PP )NP )PP )VP )S )SBAR )ADJP )VP )VP )S )VP )VP )S . )S  STOP
(S (NP (NP Michael F. *UNKC )NP , (NP (NP director )NP (PP of (NP (NP corporate public relations )NP (PP at (NP Data General Corp. )NP )PP )NP )PP )NP , )NP (VP was (VP named (PP to (NP (NP the new position )NP (PP of (NP (NP vice president )NP , (NP corporate communications )NP , (PP of (NP (NP this maker )NP (PP of (NP data storage equipment )NP )PP )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP B.A.T Industries PLC )NP (VP may (VP delay (NP (NP (NP aspects )NP (PP of (NP its defensive restructuring plan )NP )PP )NP (PRN -- (PP including (NP (NP the sale )NP (PP of (NP its Saks Fifth Avenue and Marshall Field units )NP )PP )NP )PP -- )PRN )NP (PP in (NP (NP the wake )NP (PP of (NP (NP the current *UNK )NP (PP in (NP financial markets )NP )PP )NP )PP )NP )PP )VP )VP )S , (NP company officials )NP (VP said )VP . )S  STOP
(S (NP The British conglomerate )NP , (S (VP planning (NP its own defensive restructuring )NP (S (VP to (VP fight (PRT off )PRT (NP (NP a (ADJP (QP # *UNKN billion )QP )ADJP (PRN -LRB- (ADJP (QP $ *UNKN billion )QP )ADJP -RRB- )PRN takeover bid )NP (PP by (NP *UNKC financier Sir James Goldsmith )NP )PP )NP )VP )VP )S )VP )S , (VP intends (S (VP to (VP press (ADVP ahead )ADVP (PP with (NP an extraordinary shareholder vote )NP )PP (NP today )NP (S (VP to (VP clear (NP the way )NP (PP for (NP its *UNKING measures )NP )PP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (S (FRAG If (NP anything )NP )FRAG , (NP (NP the gyrations )NP (PP (PP in (NP world stock markets )NP )PP (PRN -- and (PP in (NP (NP B.A.T 's )NP share price )NP )PP -- )PRN )PP (PP since (NP (NP last Friday 's )NP sharp Wall Street sell-off )NP )PP )NP (VP have (VP increased (NP (NP the likelihood )NP (PP of (NP (NP shareholder approval )NP (PP for (NP the restructuring )NP )PP )NP )PP )NP )VP )VP )S , (NP (NP analysts )NP and (NP several big institutional holders )NP )NP (VP said )VP . )S  STOP
(SINV `` (S (VP *UNKC (NP God )NP (SBAR (S (NP we )NP (VP have (NP some deal )NP (PP on (NP the table )NP )PP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP Stewart *UNKC )NP , (NP (NP a director )NP (PP at (NP (NP Scottish *UNKC Investment Managers )NP , (SBAR (WHNP which )WHNP (S (VP intends (S (VP to (VP vote (NP its (ADJP (QP roughly 1 )QP % )ADJP stake )NP (PP in (NP (NP favor )NP (PP of (NP the restructuring )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP Investors )NP (PP in (NP B.A.T )NP )PP )NP (VP have (VP been (PP on (NP a *UNK *UNK )NP )PP )VP )VP . )S  STOP
(S (NP B.A.T )NP (VP has (VP been (NP (NP (NP London 's )NP *UNKING blue chip )NP (PP over (NP the past six months )NP )PP )NP , (ADVP up (NP 40 % )NP (PP against (NP (NP a (ADJP 4 % )ADJP rise )NP (PP in (NP the Financial Times *UNK- Index )NP )PP )NP )PP )ADVP )VP )VP . )S  STOP
(S But (NP this week )NP , (NP B.A.T )NP (VP has (VP been (VP hit (ADVP (ADVP harder )ADVP (PP than (NP other big U.K. stocks )NP )PP )ADVP (PRN -- (PP (ADVP first )ADVP (PP by (NP the market gyrations )NP )PP , (ADVP then )ADVP (PP by (NP (NP (NP Tuesday 's )NP San Francisco earthquake )NP , (SBAR (WHNP which )WHNP (S (VP could (VP leave (S (NP (NP B.A.T 's )NP Farmers Group Inc. insurance unit )NP (VP facing (NP big claims )NP )VP )S )VP )VP )S )SBAR )NP )PP )PP )PRN )VP )VP )VP . )S  STOP
(S (NP B.A.T )NP (VP rose (NP (NP five pence )NP (PRN -LRB- (NP eight cents )NP -RRB- )PRN )NP (PP to (NP (NP *UNKN pence )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN )NP )PP (PP in (NP London )NP )PP (NP yesterday )NP (SBAR as (S (NP a late market rally )NP (VP *UNKED (NP (NP a *UNK- fall )NP (ADVP earlier (PP in (NP the day )NP )PP )ADVP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (VP To (VP fight (PRT off )PRT (NP *UNK )NP )VP )VP )S , (NP B.A.T )NP (VP plans (S (VP to (VP spin (PRT off )PRT (NP (NP (QP about $ 6 billion )QP )NP (PP in (NP assets )NP )PP )NP , (ADVP largely )ADVP (PP (PP by (S (VP selling (NP (NP such U.S. retailing units )NP (PP as (NP (NP Marshall Field )NP and (NP Saks )NP )NP )PP )NP )VP )S )PP and (PP by (S (VP floating (NP its big paper and U.K. retailing business )NP (PP via (NP (NP share issues )NP (PP to (NP existing holders )NP )PP )NP )PP )VP )S )PP )PP )VP )VP )S )VP . )S  STOP
(S (NP Proceeds )NP (VP will (VP help (S (VP pay (PP for (NP (NP (NP a planned buy-back )NP (PP of (NP (NP 10 % )NP (PP of (NP its shares )NP )PP )NP )PP )NP and (NP a (ADJP 50 % )ADJP dividend increase )NP )NP )PP )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP I )NP (VP think (SBAR (S (NP the restructuring )NP (VP will (VP get (NP the required support )NP )VP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP Michael *UNKC )NP , (NP (NP an analyst )NP (PP at (NP London *UNK *UNKC Phillips & *UNKC )NP )PP )NP )NP . )SINV  STOP
(S `` (NP The shareholders )NP (ADVP effectively )ADVP (VP will (VP support (NP the share price )NP (PP by (S (VP clearing (NP the share buy-back )NP )VP )S )PP )VP )VP . '' )S  STOP
(S But (NP (NP (NP B.A.T 's )NP restructuring )NP , (SBAR (WHNP which )WHNP (S (VP was (ADVP never )ADVP (VP going (S (VP to (VP happen (ADVP quickly )ADVP )VP )VP )S )VP )VP )S )SBAR , )NP (ADVP now )ADVP (VP will (VP take (ADVP longer )ADVP (PP because of (NP the market upheaval )NP )PP )VP )VP . )S  STOP
(S (NP (NP Company officials , holders and analysts )NP (SBAR (WHNP who )WHNP (S (ADVP previously )ADVP (VP expected (S (NP the *UNK )NP (VP to (VP be (ADJP substantially complete )ADJP (PP by (NP (NP the end )NP (PP of (NP (NP next year 's )NP first half )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )NP (ADVP now )ADVP (VP say (SBAR (S (NP the market gyrations )NP (VP could (VP delay (NP the actions )NP (PP (ADVP well )ADVP into (NP the second half )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (NP We )NP (VP are n't (NP forced sellers )NP )VP . )S  STOP
(SINV (S (S (NP We )NP (VP do n't (VP have (NP an *UNK deadline )NP )VP )VP )S and (S (SBAR if (S (NP market conditions )NP (VP are (ADJP truly awful )ADJP )VP )S )SBAR (NP we )NP (VP might (VP decide (SBAR (S (NP it )NP (VP is not (NP (NP the right time )NP , '' (SBAR (S (VP to (VP take (NP particular steps )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP )S )S , (VP said )VP (NP (NP Michael *UNKC )NP , (NP a B.A.T spokesman )NP )NP . )SINV  STOP
(S (SBAR Even if (S (NP B.A.T )NP (VP receives (NP (NP approval )NP (PP for (NP the restructuring )NP )PP )NP )VP )S )SBAR , (NP the company )NP (VP will (VP remain (PP in (NP play )NP )PP )VP )VP (PRN , (SINV (VP say )VP (NP shareholders and analysts )NP )SINV , )PRN (SBAR though (S (NP the situation )NP (VP may (VP *UNK (PP over (NP (NP the next 12 months )NP , (PP rather than (NP six )NP )PP )NP )PP )VP )VP )S )SBAR . )S  STOP
(S (S (NP The new B.A.T )NP (VP will (VP be (NP (NP a smaller (UCP tobacco and financial-services )UCP hybrid )NP (SBAR (WHNP whose *UNK- ratio )WHNP (S (VP may (VP (ADVP (ADVP more closely )ADVP )ADVP reflect (NP the *UNK- tobacco business )NP (PP than (NP the *UNK- financial-services business )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S , (NP these holders )NP (VP believe )VP . )S  STOP
(S (ADVP Thus )ADVP (NP (NP B.A.T 's )NP restructuring )NP (VP may (ADVP only )ADVP (VP make (S (NP the company )NP (NP (NP a (ADJP more *UNK )ADJP target )NP (PP for (NP (NP other corporate *UNK )NP -- (ADVP possibly )ADVP (NP (NP such *UNK bidders )NP (PP as (NP *UNKC PLC )NP )PP )NP )NP )PP )NP )S )VP )VP . )S  STOP
(SINV `` (S (NP The last few days )NP (VP will (ADVP surely )ADVP (VP slow (PRT down )PRT (NP (NP the pace )NP (PP of (NP events )NP )PP )NP )VP )VP )S , '' (VP says )VP (NP (NP Scottish *UNKC 's )NP Mr. *UNKC )NP . )SINV  STOP
(S `` But (NP I )NP (VP would n't (VP write (PRT off )PRT '' (NP (NP Sir James )NP or (NP other potential bidders )NP )NP )VP )VP . )S  STOP
(S (PP Among (NP possible delays )NP )PP , (NP (NP the sales )NP (PP of (NP (NP (NP Saks )NP and (NP Marshall Field )NP )NP (PRN -- (SBAR (WHNP which )WHNP (S (VP were (VP expected (S (VP to (VP be (PP on (NP the block )NP )PP (PP (ADVP soon )ADVP after (NP the crucial Christmas season )NP )PP )VP )VP )S )VP )VP )S )SBAR -- )PRN )NP )PP )NP (VP may (VP slide (PP into (NP the second quarter or second half )NP )PP )VP )VP . )S  STOP
(S (NP Analysts )NP (VP estimate (SBAR that (S (NP (NP sales )NP (PP of (NP the two businesses )NP )PP )NP (VP could (VP raise (NP (QP roughly $ 2 billion )QP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP B.A.T )NP (VP is n't (VP predicting (NP a *UNK )NP (SBAR because (S (S (NP the units )NP `` (VP are (NP quality businesses )NP )VP )S and (S (NP we )NP (VP are (VP encouraged (PP by (NP (NP the *UNK )NP (PP of (NP inquiries )NP )PP )NP )PP )VP )VP )S )S )SBAR )VP )VP )S , '' (VP said )VP (NP Mr. *UNKC )NP . )S  STOP
(S (S But (NP the delay )NP (VP could (VP happen (SBAR if (S (NP B.A.T )NP (VP does n't (VP get (NP adequate bids )NP )VP )VP )S )SBAR )VP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (NP (NP People )NP (ADJP familiar (PP with (NP B.A.T )NP )PP )ADJP )NP (VP say (SBAR (S (NP (NP possible *UNK )NP (PP for (NP the units )NP )PP )NP (VP include (NP (NP managers )NP (PP from (NP (NP both retailing chains )NP , and (NP (NP General *UNKC Corp. )NP , (SBAR (WHNP which )WHNP (S (VP is (ADJP interested (PP in (S (VP bidding (PP for (NP Saks )NP )PP )VP )S )PP )ADJP )VP )S )SBAR )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Other potential bidders )NP (PP for (NP (NP parts )NP (PP of (NP (NP B.A.T 's )NP U.S. retail unit )NP )PP )NP )PP )NP (VP include (NP (NP *UNKC Department Stores Inc. )NP , (NP May Department Stores Co. )NP and (NP Limited Inc )NP )NP )VP . )S  STOP
(S (NP B.A.T )NP (VP has (VP declined (S (VP to (VP identify (NP the potential bidders )NP )VP )VP )S )VP )VP . )S  STOP
(S (SBAR Though (S (NP Sir James )NP (VP has (VP said (SBAR (S (NP he )NP (VP intends (S (VP to (VP mount (NP (NP a new bid )NP (PP for (NP B.A.T )NP )PP )NP (SBAR once (S (NP (NP approval )NP (PP from (NP U.S. insurance regulators )NP )PP )NP (VP is (VP received )VP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP )VP )S )SBAR , (NP (NP *UNK )NP (PP over (NP (NP prospects )NP (PP for (NP (NP junk-bond financing )NP and (NP U.S. leverage buy-outs )NP )NP )PP )NP )PP )NP (VP are (VP making (S (NP investors )NP (ADJP more skeptical (PP about (NP (NP Sir James 's )NP prospects )NP )PP )ADJP )S )VP )VP . )S  STOP
(S (NP His initial offer )NP (VP indicated (SBAR (S (NP he )NP (VP needed (S (VP to (VP raise (NP (NP (QP as much as 80 )QP % )NP (PP of (NP the takeover financing )NP )PP )NP (PP through (NP the debt markets )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Market uncertainty )NP (ADVP also )ADVP (VP *UNK (NP (NP the outlook )NP (PP for (S (NP B.A.T 's )NP (VP attracting (NP (NP a premium price )NP (PP for (NP its U.S. retailing properties )NP )PP )NP )VP )S )PP )NP )VP . )S  STOP
(S (ADVP Finally )ADVP , (NP (NP Tuesday 's )NP California earthquake )NP (ADVP initially )ADVP (VP knocked (NP 3.7 % )NP (PP off (NP (NP (NP B.A.T 's )NP share price )NP (PP in (NP London )NP )PP )NP )PP (NP yesterday )NP (PP because of (NP (NP fears )NP (PP of (NP (NP the potential claims )NP (PP to (NP (NP (ADJP Los Angeles-based )ADJP Farmers )NP , (SBAR (WHNP which )WHNP (S (VP has (NP (NP a substantial portion )NP (PP of (NP its property and casualty exposure )NP )PP )NP (PP in (NP California )NP )PP )VP )S )SBAR )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (PP On (NP Farmers )NP )PP , (NP Mr. *UNKC )NP (VP said (SBAR (S (NP it )NP (VP is (ADVP too early (S (VP to (VP *UNK (NP (NP the level )NP (PP of (NP potential claims )NP )PP )NP )VP )VP )S )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP added (SBAR (S (NP B.A.T )NP `` (VP has (NP (NP no expectation )NP (PP of (NP (NP a material impact )NP (PP on (NP Farmers )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Bridge and highway *UNK )NP (VP will (VP disrupt (NP (NP truck and auto transportation )NP (PP in (NP the San Francisco Bay area )NP )PP )NP (PP for (NP (NP months )NP (SBAR (S (VP to (VP come )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (S (S But (NP (NP *UNK , air and *UNKING links )NP (PP to (NP the area )NP )PP )NP (VP escaped (NP (NP Tuesday 's )NP earthquake )NP (PP with (NP only minor damage )NP )PP )VP )S , and (S (NP many )NP (VP are (VP expected (S (VP to (VP be (VP operating (ADVP normally )ADVP (NP today )NP )VP )VP )VP )S )VP )VP )S )S , (NP government and corporate transport officials )NP (VP said )VP . )S  STOP
(S (S (NP (NP Air traffic )NP (PP at (NP San Francisco International Airport )NP )PP )NP (VP was (VP running (NP (NP (QP about 50 )QP % )NP (PP of (NP normal )NP )PP )NP (NP yesterday afternoon )NP )VP )VP )S , but (S (NP airport *UNK )NP (VP said (SBAR (S (NP they )NP (VP expect (NP (NP a return )NP (PP to (NP full operations )NP )PP (PP by (NP Saturday )NP )PP )NP )VP )S )SBAR )VP )S . )S  STOP
(S (NP (NP (NP The major *UNK )NP (PP to (NP Asia )NP )PP )NP and (NP (NP one )NP (PP of (NP (NP the nation 's )NP 10 *UNK *UNK )NP )PP )NP )NP (VP was (VP closed (PP to (NP (NP all )NP but (NP emergency traffic )NP )NP )PP (PP (PP from (NP (NP the time )NP (SBAR (S (NP the quake )NP (VP hit (NP Tuesday afternoon )NP )VP )S )SBAR )NP )PP , (PP until (NP (NP 6 a.m. *UNKC yesterday )NP (SBAR (WHADVP when )WHADVP (S (NP *UNK )NP (VP returned (PP to (NP the tower )NP )PP )VP )S )SBAR )NP )PP )PP )VP )VP . )S  STOP
(S (S (VP *UNKING (PP to and from (NP the airport )NP )PP (PP in (NP coming weeks )NP )PP )VP )S (VP may (VP be (NP the problem )NP , (ADVP however )ADVP )VP )VP . )S  STOP
(SINV `` (S (NP (NP People 's )NP ability (S (VP to (VP drive (PP throughout (NP the bay area )NP )PP )VP )VP )S )NP (VP is (VP (ADVP greatly )ADVP restricted )VP )VP )S , '' (VP said )VP (NP (NP a spokesman )NP (PP for (NP the American *UNKC Association )NP )PP )NP . )SINV  STOP
(S (NP (NP Tom *UNKC )NP , (NP (NP (NP executive vice president )NP and (NP general manager )NP )NP (PP of (NP (NP the California *UNKING Association )NP (PP in (NP *UNKC )NP )PP )NP )PP )NP , )NP (VP said (SBAR (S (NP his organization )NP (VP urged (NP trucking firms )NP (S (VP to (VP halt (NP (NP all deliveries )NP (PP into (NP the Bay area )NP )PP )NP (NP yesterday )NP , (PP except (PP for (NP *UNK- supplies )NP )PP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP Some *UNK shipments )NP (VP will (ADVP probably )ADVP (VP resume (NP Thursday )NP )VP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S `` (S (ADVP Right now )ADVP (NP (NP most )NP (PP of (NP (NP the roads )NP (PP into (NP the Bay area )NP )PP )NP )PP )NP (VP are (VP closed )VP )VP )S , but (S (NP (NP the list )NP (PP of (NP *UNK )NP )PP )NP (VP changes (NP about every 20 minutes )NP )VP )S . )S  STOP
(S (S (S (NP This (PRN -LCB- Wednesday -RCB- )PRN morning )NP (NP the San *UNKC bridge )NP (VP was (ADJP open )ADJP )VP )S and (S (ADVP now )ADVP (NP we )NP (VP are (VP informed (SBAR that (S (NP it )NP (VP is (ADJP closed )ADJP )VP )S )SBAR )VP )VP )S )S , '' (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (NP (NP United *UNKC Service )NP , (NP (NP Greenwich )NP , (NP Conn. )NP , )NP )NP (VP said (SBAR (S (NP (NP its operations )NP (PP in (NP the San Francisco area )NP )PP )NP (VP have (VP been (VP reduced (PP to (NP (NP 40 % )NP (PP of (NP normal )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP A *UNKC spokesman )NP (VP said (SBAR that (S (SBAR although (S (NP (NP none )NP (PP of (NP (NP the company 's )NP terminals , trucks or airplanes )NP )PP )NP (VP were (VP damaged (PP in (NP the quake )NP )PP )VP )VP )S )SBAR , (NP (NP road *UNK )NP and (NP power failures )NP )NP (VP have (VP *UNKED (NP (NP its pickup and delivery )NP (PP of (NP packages )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The spokesman )NP (VP noted (NP (NP (ADJP *UNK- to *UNK- )ADJP traffic delays )NP (PP on (NP the San *UNKC bridge )NP )PP )NP , (PP for (NP example )NP )PP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP power failures )NP (VP prevented (NP its *UNKING facilities )NP (PP from (S (VP operating )VP )S )PP , (S (VP causing (NP delays )NP )VP )S )VP . )S  STOP
(S But (NP freight *UNK )NP (VP reported (SBAR that (S (NP (NP damage )NP (PP to (NP their facilities )NP )PP )NP (VP was (ADJP relatively minor )ADJP , (SBAR with (S (NP (NP Santa Fe Pacific Corp. 's )NP *UNK unit )NP (NP the (ADJP least affected (PP by (NP the quake )NP )PP )ADJP )NP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Santa Fe )NP (VP (VP stopped (NP freight trains )NP (NP Tuesday night )NP (SBAR while (S (NP its officials )NP (VP *UNKED (NP track )NP )VP )S )SBAR )VP but (VP resumed (NP service )NP (PP at (NP *UNKN p.m. )NP )PP (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP found (NP no damage )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Union Pacific Corp. 's )NP rail unit )NP (VP said (SBAR that (S (PP except (PP for (NP (NP damage )NP (PP to (NP (NP shipping *UNK )NP (PP in (NP its Oakland yard )NP )PP )NP )PP )NP )PP )PP , (NP its track , bridges and structures )NP (VP were (ADJP *UNKED )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP That railroad )NP (VP is (VP operating (NP trains )NP (PP but (PP with (NP (NP delays )NP (VP caused (PP by (NP (NP employees )NP (ADJP unable (S (VP to (VP get (PP to (NP work )NP )PP )VP )VP )S )ADJP )NP )PP )VP )NP )PP )PP )VP )VP . )S  STOP
(S (NP (NP Southern Pacific Transportation Co. )NP , (NP (NP the (ADJP hardest hit )ADJP )NP (PP of (NP (NP the three *UNK )NP (PP in (NP the Bay area )NP )PP )NP )PP )NP , )NP (VP said (SBAR (S (NP (NP service )NP (PP on (NP (NP its *UNK- *UNK )NP , (SBAR (WHNP which )WHNP (S (VP is (VP used (PP by (NP an *UNKC train )NP )PP (PP between (NP (NP Los Angeles )NP and (NP Seattle )NP )NP )PP )VP )VP )S )SBAR , )NP )PP )NP (VP was (VP suspended (ADVP temporarily )ADVP (PP because of (NP (NP *UNKED *UNK )NP (PP near (NP (NP the epicenter )NP (PP of (NP the quake )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP service )NP (PP on (NP the line )NP )PP )NP (VP is (VP expected (S (VP to (VP resume (PP by (NP (NP noon )NP (NP today )NP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP had (NP (NP no serious damage )NP (PP on (NP the railroad )NP )PP )NP )VP )S , '' (VP said )VP (NP a Southern Pacific spokesman )NP . )SINV  STOP
(S `` (NP We )NP (VP have (NP (NP no problem )NP (PP to (NP our freight service )NP )PP )NP (ADVP at all )ADVP (PP expect (PP for (NP the fact (SBAR (S (NP businesses )NP (VP are (VP shut (PRT down )PRT )VP )VP )S )SBAR )NP )PP )PP )VP . '' )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP suspended (NP (NP train service )NP (PP into (NP (NP its Oakland station )NP , (SBAR (WHNP which )WHNP (S (VP sustained `` (NP heavy structural damage )NP '' (PP during (NP the quake )NP )PP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The passenger railroad )NP (VP said (SBAR (S (NP it )NP (VP terminated (NP (NP some runs )NP (PP in (NP Sacramento )NP )PP )NP , (S (VP *UNKING (PP on (NP buses )NP )PP (S (VP to (VP *UNK (NP passengers )NP (PP to (NP the Bay area )NP )PP )VP )VP )S )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP planned (S (VP to (VP resume (NP (NP some train operations )NP (PP to (NP Oakland )NP )PP )NP (NP late yesterday )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC operations )NP (VP suffered (NP little damage )NP , (PP according (PP to (NP (NP Albert Engelken )NP , (NP (NP deputy executive director )NP (PP of (NP (NP the American Public *UNKC Association )NP (PP in (NP Washington )NP )PP )NP )PP )NP )NP )PP )PP )VP . )S  STOP
(SINV (S (NP The Bay Area *UNKC *UNKC )NP `` (VP *UNK (NP the earthquake )NP (ADVP perfectly )ADVP )VP )S , '' (VP said )VP (NP Mr. Engelken )NP , (S (VP adding (SBAR that (S (NP the rail system )NP (VP was (VP running (NP (NP a full fleet )NP (PP of (NP 45 trains )NP )PP )NP (PP during (NP the day )NP )PP (S (VP to (VP provide (NP an alternative )NP (PP for (NP highway travelers )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )S . )SINV  STOP
(S `` (S (NP The highway system )NP (VP is (VP *UNKED (PRT up )PRT '' (PP by (NP the earthquake )NP )PP )VP )VP )S , (NP Mr. Engelken )NP (VP said )VP . )S  STOP
(S `` (NP The *UNK system )NP (VP is (SBAR (WHADVP how )WHADVP (S (NP people )NP (VP are (VP going (S (VP to (VP be (VP getting (ADVP around )ADVP )VP )VP )VP )S )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP added (SBAR that (S (NP (NP San Francisco 's )NP *UNK cars and *UNK buses )NP (VP were (ADVP also )ADVP (VP running (PP at (NP full service levels )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Although (S (NP (NP *UNK- delays )NP (PP in (NP San Francisco )NP )PP )NP (VP were (ADJP significant )ADJP (NP yesterday )NP )VP )S )SBAR , (NP they )NP (VP did n't (VP appear (S (VP to (VP spread (PP to (NP other airports )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP The earthquake )NP (VP (VP shattered (NP (NP windows )NP (PP at (NP (NP San Francisco International 's )NP *UNK- control tower )NP )PP )NP )VP and (VP *UNKED (NP (NP pieces )NP (PP of (NP the ceiling )NP )PP )NP (ADVP down (PP on (NP (NP *UNK )NP , (SBAR (WHNP (WHNP three )WHNP (WHPP of (WHNP whom )WHNP )WHPP )WHNP (S (VP suffered (NP minor injuries )NP )VP )S )SBAR )NP )PP )ADVP )VP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP at (NP San Francisco International )NP )PP )NP (ADVP also )ADVP (VP were (VP damaged )VP )VP )S , but (S (NP (NP the tower )NP (NP itself )NP )NP (VP was (ADJP intact )ADJP )VP )S . )S  STOP
(S (NP Tuesday night )NP , (NP thousands )NP (VP (VP were (VP diverted (PP to (NP other airports )NP )PP )VP )VP and (VP had (S (VP to (VP wait (NP a day )NP (S (VP to (VP resume (NP travel )NP )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (S (S (NP (NP *UNKC )NP (PP at (NP San Francisco )NP )PP )NP (VP were n't (VP damaged )VP )VP )S , but (S (NP traffic )NP (VP was (VP being (VP limited (NP yesterday )NP (PP to (NP (NP (NP (NP 27 *UNK )NP and (NP 27 departures )NP )NP (NP an hour )NP )NP -- (ADVP down (PP from (NP (NP (NP (QP 33 to 45 )QP )NP (NP an hour )NP )NP (ADVP normally )ADVP )NP )PP )ADVP )NP )PP -- (SBAR (ADVP mainly )ADVP because (S (NP (NP the noise level )NP (PP in (NP the control tower )NP )PP )NP (VP was (ADJP overwhelming )ADJP (PP without (NP the windows )NP )PP )VP )S )SBAR )VP )VP )VP )S )S , (NP an FAA spokeswoman )NP (VP said )VP . )S  STOP
(S (SBAR While (S (NP the airport )NP (VP was (ADJP closed )ADJP )VP )S )SBAR , (NP flights )NP (VP were (VP diverted (PP to (NP (NP airports )NP (PP in (NP (NP (NP Sacramento and *UNKC )NP , (NP Calif. )NP )NP ; (NP (NP (NP *UNKC )NP and (NP Las Vegas )NP )NP , (NP Nev. )NP )NP ; and (NP Los Angeles )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP United Airlines )NP , (NP (NP the largest carrier )NP (PP at (NP San Francisco )NP )PP )NP , )NP (VP was (VP operating (NP (NP (QP only 50 )QP % )NP (PP of (NP (NP its scheduled service )NP (PP in and out (PP of (NP the area )NP )PP )PP )NP )PP )NP (PP because of (NP (NP damage )NP (PP to (NP its terminal )NP )PP )NP )PP , (SBAR (WHNP which )WHNP (S (PP in (NP turn )NP )PP (VP was (VP causing (NP delays )NP (PP for (NP (NP travelers )NP (VP headed (PP to (NP the Bay area )NP )PP )VP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP A United spokesman )NP (VP said (SBAR (S (NP (NP 14 )NP (PP of (NP its 21 *UNK )NP )PP )NP (VP were (ADJP *UNK )ADJP , (PP (ADVP mainly )ADVP because of (NP (NP water damage )NP (VP caused (SBAR (WHADVP when )WHADVP (S (NP a *UNK system )NP (VP was (VP triggered (PP by (NP the tremors )NP )PP )VP )VP )S )SBAR )VP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The United spokesman )NP (VP said (SBAR (S (NP (NP none )NP (PP of (NP its people )NP )PP )NP (VP were (VP injured (PP at (NP the airport )NP )PP )VP )VP )S )SBAR )VP )S ; (S (PP in (NP fact )NP )PP , (SBAR as (S (NP the airport )NP (VP was (VP being (VP *UNKED (NP Tuesday night )NP )VP )VP )VP )S )SBAR , (NP two *UNK )NP (VP were (VP born )VP )VP )S . )S  STOP
(S (S (NP Yesterday )NP , (NP the United ticket counter )NP (VP was (ADJP active )ADJP , (PP with (S (NP people )NP (VP trying (S (VP to (VP get (NP (NP flights )NP (ADJP out )ADJP )NP )VP )VP )S )VP )S )PP )VP , )S but (S (NP the airline )NP (VP said (SBAR (S (NP (NP demand )NP (PP for (NP (NP seats )NP (PP into (NP the city )NP )PP )NP )PP )NP (ADVP also )ADVP (VP was (ADJP active )ADJP , (PP with (S (NP people )NP (VP trying (S (VP to (VP get (ADVP there )ADVP (S (VP to (VP help (NP family and friends )NP )VP )VP )S )VP )VP )S )VP )S )PP )VP )S )SBAR )VP )S . )S  STOP
(S (S (NP (NP The airports )NP (PP in (NP (NP San Jose )NP and (NP Oakland )NP )NP )PP )NP (VP were both (ADJP fully operational )ADJP (PP by (NP noon )NP )PP (NP yesterday )NP )VP )S , (NP the Federal Aviation Administration )NP (VP said )VP . )S  STOP
(S (PP In (NP (NP terms )NP (PP of (NP *UNK )NP )PP )NP )PP , (NP (NP Denver 's )NP *UNKC International )NP (VP may (VP have (VP experienced (NP (NP the (ADJP most *UNK- )ADJP )NP : (S (NP (NP A United flight )NP (PP from (NP Japan )NP )PP )NP (VP was (VP *UNKED (ADVP there )ADVP )VP )VP )S )NP )VP )VP )VP . )S  STOP
(S `` (S (NP I )NP (VP think (SBAR (S (NP that )NP (VP 's (NP (NP (NP the first *UNK commercial passenger flight )NP (PP from (NP Japan )NP )PP )NP (SBAR (S (VP to (VP land (ADVP here )ADVP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )S , '' (NP an airport spokesman )NP (VP said )VP . )S  STOP
(S (NP A Japan Air Lines spokesman )NP (VP said (SBAR (S (S (NP (NP its flights )NP (PP (PP into )PP and (PP out (PP of )PP )PP (NP San Francisco )NP )PP )NP (VP were n't (VP affected )VP )VP )S , but (S (S (VP getting (NP (NP information )NP (PP about (NP its operations )NP )PP )NP )VP )S (VP was (ADJP difficult )ADJP )VP )S )S )SBAR )VP . )S  STOP
(S (NP (NP Its telecommunications headquarters )NP (PP in (NP (NP *UNKC )NP , (NP Calif. )NP , )NP )PP )NP (VP had (VP been (VP knocked (PRT out )PRT (PP since (NP the quake )NP )PP )VP )VP )VP . )S  STOP
(S `` (S (NP We )NP (VP 're (PP in (NP the dark )NP )PP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP Whitbread & Co. )NP (VP put (NP its spirits division )NP (ADVP up (PP for (NP sale )NP )PP )ADVP , (S (VP *UNKING (NP (NP a *UNK )NP (PP among (NP global groups )NP )PP (PP for (NP (NP the British company 's )NP brands )NP )PP )NP )VP )S )VP . )S  STOP
(S (S (NP Whitbread )NP (ADVP already )ADVP (VP has (VP been (VP approached (PP by (NP (NP `` (QP about half a dozen )QP '' companies )NP (ADJP interested (PP in (S (VP buying (NP (NP all or part )NP (PP of (NP the spirits business )NP )PP )NP )VP )S )PP )ADJP )NP )PP )VP )VP )VP )S , (NP a spokesman )NP (VP said )VP . )S  STOP
(S (NP Analysts )NP (VP expect (S (NP (NP the spirits operations )NP and (NP (NP some California *UNK )NP (SBAR (WHNP that )WHNP (S (ADVP also )ADVP (VP are (VP being (VP sold )VP )VP )VP )S )SBAR )NP )NP (VP to (VP fetch (NP (NP (QP about # 500 million )QP )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP )VP )VP )S )VP . )S  STOP
(SINV (PP Among (NP (NP the brands )NP (PP for (NP sale )NP )PP )NP )PP (VP are )VP (NP (NP (NP *UNKC *UNK )NP , (NP (NP the No. 2 imported *UNK )NP (PP in (NP the U.S. )NP )PP )NP , )NP and (NP *UNKC *UNK- *UNK )NP )NP . )SINV  STOP
(SINV (ADVP Also )ADVP (PP for (NP sale )NP )PP (VP are )VP (NP (NP (NP *UNKC *UNKC Co. )NP , (SBAR (WHNP which )WHNP (S (VP distributes (NP *UNKC *UNKC *UNKED *UNK )NP (PP in (NP the U.S. )NP )PP )VP )S )SBAR , )NP and (NP (NP (NP Whitbread 's )NP *UNKC *UNKC *UNKC )NP (PP in (NP (NP California 's )NP *UNKC Valley )NP )PP )NP )NP . )SINV  STOP
(S (S (NP (NP *UNKC )NP (ADVP alone )ADVP )NP (VP is (ADJP worth (NP (QP as much as # 300 million )QP )NP )ADJP )VP )S , (NP analysts )NP (VP said )VP . )S  STOP
(S (NP Whitbread )NP (VP bought (NP the *UNKC *UNK )NP (ADVP (NP two years )NP ago )ADVP (PP for (NP (QP # *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP That purchase )NP (VP represented (NP (NP an attempt )NP (PP by (NP (NP Whitbread )NP , (NP a *UNK British *UNK )NP , )NP )PP (S (VP to (VP become (NP (NP a major player )NP (PP in (NP the global liquor business )NP )PP )NP )VP )VP )S )NP )VP . )S  STOP
(S But (NP Whitbread )NP (VP has (VP been (VP squeezed (PP by (NP giant rivals )NP )PP (PP amid (NP (NP widespread consolidation )NP (PP in (NP the industry )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (ADVP Now )ADVP , (NP it )NP (VP wants (S (VP to (VP concentrate (PP on (NP (NP beer )NP and (NP its newer hotel and restaurant operations )NP )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP For (NP rival liquor companies )NP )PP , (NP the Whitbread auction )NP (VP is (NP a rare opportunity (S (VP to (VP acquire (NP valuable brands )NP )VP )VP )S )NP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's not (ADVP very often )ADVP (SBAR (S (NP (NP something )NP (PP like (NP this )NP )PP )NP (VP comes (PRT up )PRT )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP Ron *UNKC )NP , (NP (NP a liquor company analyst )NP (PP at (NP (NP Nomura Research Institute )NP (PP in (NP London )NP )PP )NP )PP )NP )NP . )SINV  STOP
(SINV `` (S (NP The division )NP (VP will (VP be (VP sold (PRT off )PRT (ADVP quite rapidly )ADVP )VP )VP )VP )S , '' (VP predicted )VP (NP (NP *UNKC *UNKC )NP , (NP (NP an analyst )NP (PP at (NP London brokers County *UNKC *UNKC )NP )PP )NP )NP . )SINV  STOP
(S (PP Among (NP possible buyers )NP )PP , (NP Grand Metropolitan PLC )NP (VP might (VP find (S (NP *UNKC )NP (NP (NP a useful addition )NP (PP to (NP its portfolio )NP )PP )NP )S )VP )VP . )S  STOP
(S (S (NP Grand Met )NP (VP owns (NP (NP *UNKC *UNK )NP , (NP (NP the No. 3 imported gin )NP (PP in (NP the U.S. )NP )PP )NP )NP )VP )S ; (S (NP rival Guinness PLC )NP (VP has (NP (NP the No. 1 imported brand )NP , (NP *UNKC )NP )NP )VP )S . )S  STOP
(S (S (S (NP The Whitbread spirits auction )NP `` (VP is (NP an (ADJP extremely interesting )ADJP development )NP )VP )S ... and (S (ADVP naturally )ADVP (NP we )NP (VP 'll (VP be (VP considering (NP it )NP (ADVP carefully )ADVP )VP )VP )VP )S )S , '' (NP a Grand Met spokesman )NP (VP said )VP . )S  STOP
(S (NP (NP Guinness )NP , (SBAR (WHNP which )WHNP (S (VP owns (NP (NP several leading *UNK brands )NP plus (NP (NP (NP Gordon 's )NP gin )NP , (NP (NP the world 's )NP No. 1 gin )NP )NP )NP )VP )S )SBAR , )NP (VP is (VP considered (S (ADJP less likely (S (VP to (VP bid (PP for (NP the Whitbread spirits )NP )PP )VP )VP )S )ADJP )S )VP )VP . )S  STOP
(S (NP A Guinness spokesman )NP (VP declined (S (VP to (VP comment )VP )VP )S )VP . )S  STOP
(S (NP (NP Two other global liquor giants )NP , (NP (NP (NP Canada 's )NP Seagram Co. )NP and (NP (NP Britain 's )NP *UNKC PLC )NP )NP , )NP (ADVP also )ADVP (VP are (NP possible buyers )NP )VP . )S  STOP
(S (S (NP (NP Seagram 's )NP gin )NP (VP is (NP (NP the world 's )NP No. 2 gin brand )NP )VP )S , but (S (NP the company )NP (VP does n't (VP own (NP (NP any )NP (PP of (NP (NP the major gin brands )NP (VP imported (PP in (NP the U.S. )NP )PP )VP )NP )PP )NP )VP )VP )S . )S  STOP
(S (NP *UNKC )NP , (SBAR while (S (ADJP powerful )ADJP (PP in (NP *UNK )NP )PP )S )SBAR , (VP does n't (VP own (NP any major *UNK- brands )NP )VP )VP . )S  STOP
(S `` (S (NP We )NP (VP will (ADVP certainly )ADVP (VP have (S (VP to (VP take (NP (NP a look )NP (PP at '' (NP the Whitbread spirits business )NP )PP )NP )VP )VP )S )VP )VP )S , (NP an *UNKC spokesman )NP (VP said )VP . )S  STOP
(S `` (NP We )NP (VP would (ADVP certainly )ADVP (VP like (S (VP to (VP have (NP a major *UNK- brand )NP (PP in (NP our portfolio )NP )PP )VP )VP )S )VP )VP . '' )S  STOP
(S (NP (NP A Seagram spokesman )NP (PP in (NP New York )NP )PP )NP (VP would n't (VP comment )VP )VP . )S  STOP
(S (NP (NP *UNKC liquor companies )NP , (PP such as (NP (NP (NP *UNKC Corp. )NP and (NP American Brands Inc. )NP )NP (PP of (NP the U.S. )NP )PP )NP )PP , )NP (ADVP also )ADVP (VP are (ADJP likely (S (VP to (VP be (ADJP interested )ADJP )VP )VP )S )ADJP )VP . )S  STOP
(SINV (S (NP Such companies )NP `` (VP are (ADVP increasingly )ADVP (VP being (VP left (ADVP behind )ADVP '' (PP in (NP the global liquor business )NP )PP )VP )VP )VP )S , (VP says )VP (NP (NP Nomura 's )NP Mr. *UNKC )NP . )SINV  STOP
(S (PP In (NP New York )NP )PP , (NP (NP a spokesman )NP (PP for (NP American Brands )NP )PP )NP (VP would n't (VP comment )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP a (NAC Louisville , Ky. )NAC *UNK )NP , )NP (ADVP also )ADVP (VP declined (S (VP to (VP comment )VP )VP )S )VP . )S  STOP
(S (NP (NP Whitbread 's )NP (UCP wine , spirits and soft-drink )UCP operations )NP (VP had (NP (NP trading profit )NP (PP of (NP (QP # *UNKN million )QP )NP )PP (PP on (NP (NP sales )NP (PP of (NP (QP # *UNKN million )QP )NP )PP )NP )PP )NP (PP in (NP (NP the year )NP (VP ended (NP Feb. 25 )NP )VP )NP )PP )VP . )S  STOP
(S (NP (NP The company )NP , (SBAR (WHNP which )WHNP (S (VP is (VP retaining (NP (NP (NP most )NP (PP of (NP its wine )NP )PP )NP and (NP (NP all )NP (PP of (NP its soft-drink )NP )PP )NP (NX interests )NX )NP )VP )VP )S )SBAR , )NP (VP did n't (VP break (PRT out )PRT (NP (NP results )NP (PP for (NP (NP the businesses )NP (SBAR (S (NP it )NP (VP plans (S (VP to (VP sell )VP )VP )S )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S But (NP analysts )NP (VP estimate (NP their trading profit )NP (PP at (NP (QP # 30 million )QP )NP )PP )VP . )S  STOP
(S (NP Whitbread )NP (VP had (NP (NP total pretax profit )NP (PP in (NP (NP the year )NP (VP ended (NP Feb. 25 )NP )VP )NP )PP (PP of (NP (QP # *UNKN million )QP )NP )PP , (PP on (NP (NP sales )NP (PP of (NP (QP # *UNKN billion )QP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Whitbread 's )NP spirits auction )NP (VP occurs (PP amid (NP (NP a parallel *UNK )NP (PP in (NP the British beer industry )NP )PP )NP )PP )VP . )S  STOP
(S (NP Earlier this year )NP , (NP the government )NP (VP announced (NP plans (S (VP to (VP foster (NP (NP increased competition )NP (PP in (NP the industry )NP )PP )NP )VP )VP )S )NP )VP . )S  STOP
(S (NP British *UNK )NP (ADVP currently )ADVP (VP own (NP (NP thousands )NP (PP of (NP (NP *UNK )NP , (SBAR (WHNP which )WHNP (S (PP in (NP turn )NP )PP (VP sell (ADVP only )ADVP (NP (NP the *UNK ' )NP beer and soft drinks )NP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (PP Under (NP new rules )NP )PP , (NP (NP many )NP (PP of (NP (NP the country 's )NP *UNK )NP )PP )NP (VP would (VP become `` (NP free houses )NP , '' (S (VP selling (NP (NP *UNK )NP (PP of (NP their choice )NP )PP )NP )VP )S )VP )VP . )S  STOP
(S (NP Whitbread )NP (ADVP now )ADVP (VP intends (S (VP to (VP bolster (NP its brewing interests )NP )VP )VP )S , (PP in (NP an effort (S (VP to (VP grab (NP (NP a share )NP (PP of (NP (NP sales )NP (PP to (NP free houses )NP )PP )NP )PP )NP )VP )VP )S )NP )PP )VP . )S  STOP
(S (NP (NP The company )NP , (SBAR (WHNP which )WHNP (S (NP last month )NP (VP paid (NP (QP # *UNKN million )QP )NP (PP for (NP regional British *UNK *UNKC Group PLC )NP )PP )VP )S )SBAR , )NP (VP has (NP (NP (QP about 13 )QP % )NP (PP of (NP the British beer market )NP )PP )NP )VP . )S  STOP
(S (NP Whitbread )NP (ADVP also )ADVP (VP owns (NP the license (S (VP to (VP *UNK and distribute (NP (NP *UNKC )NP and (NP *UNKC *UNKC *UNK )NP )NP (PP in (NP Britain )NP )PP )VP )VP )S )NP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP Whitbread )NP (VP intends (S (VP to (VP focus (PP on (NP (NP its newer hotel , liquor store and restaurant businesses )NP (PP in (NP (NP Europe )NP and (NP North America )NP )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP In (NP Britain )NP )PP , (NP those interests )NP (VP include (NP (NP the *UNKC *UNK chain )NP and (NP (NP joint ownership )NP (PP with (NP PepsiCo Inc. )NP )PP (PP of (NP (NP the country 's )NP *UNKC *UNKC chain )NP )PP )NP )NP )VP . )S  STOP
(S (PP In (NP (NP Canada )NP and (NP the U.S. )NP )NP )PP , (NP Whitbread )NP (VP owns (NP (NP The *UNKC chain )NP (PP of (NP *UNK and *UNK restaurants )NP )PP )NP )VP . )S  STOP
(S (S (S (VP *UNKING (PP on (NP beer , restaurants and hotels )NP )PP )VP )S (VP means (SBAR `` (S (NP we )NP (VP can (VP concentrate (NP our skills and resources )NP (ADVP more effectively )ADVP )VP )VP )S )SBAR )VP )S , '' (NP (NP Peter *UNKC )NP , (NP (NP Whitbread 's )NP managing director )NP , )NP (VP said (PP in (NP a statement )NP )PP )VP . )S  STOP
(S (NP The spirits business )NP `` (VP would (VP require (NP substantial additional investment )NP (S (VP to (VP enable (S (NP it )NP (VP to (VP compete (ADVP effectively )ADVP (PP in (NP (NP the first division )NP (PP of (NP global players )NP )PP )NP )PP )VP )VP )S )VP )VP )S )VP )VP . '' )S  STOP
(S (NP Whitbread )NP (ADVP also )ADVP (VP announced (SBAR that (S (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP is (NP 48 )NP )VP )S )SBAR , )NP (VP will (VP become (NP (NP the company 's )NP chief executive )NP (NP March 1 )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP At (NP that time )NP )PP (NP (NP Sam Whitbread )NP , (NP (NP (NP the company 's )NP chairman )NP and (NP (NP a *UNK )NP (PP of (NP its *UNK- founder )NP )PP )NP )NP , )NP (VP will (VP retire (PP from (NP executive duties )NP )PP )VP )VP . )S  STOP
(S (NP He )NP (VP will (VP retain (NP (NP the *UNK title )NP (PP of (NP *UNK- chairman )NP )PP )NP )VP )VP . )S  STOP
(S (NP The Treasury )NP (VP plans (S (VP to (VP raise (NP (NP (QP $ 700 million )QP )NP (PP in (NP new cash )NP )PP )NP (PP with (NP (NP the sale )NP (NP Tuesday )NP (PP of (NP (NP (QP about $ 10 billion )QP )NP (PP in (NP two-year notes )NP )PP )NP )PP (SBAR (S (VP to (VP redeem (NP (NP (QP $ *UNKN billion )QP )NP (PP in (NP maturing notes )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The offering )NP (VP will (VP (VP be (VP dated (S (NP Oct. 31 )NP )S )VP )VP and (VP mature (NP Oct. 31 )NP )VP )VP )VP , )S  STOP
(S (NP (NP *UNKC )NP (PP for (NP the notes )NP )PP , (ADJP available (PP in (NP (ADJP (QP minimum $ 5,000 )QP )ADJP denominations )NP )PP )ADJP , )NP (VP must (VP be (VP received (PP by (NP 1 p.m. EDT )NP )PP (NP Tuesday )NP (PP (PP at (NP the Treasury )NP )PP or (PP at (NP Federal Reserve banks or branches )NP )PP )PP )VP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC & *UNKC Co. )NP , (NP (NP *UNKC )NP , (NP Calif. )NP )NP , )NP (VP (VP announced (NP (NP a 2-for-1 split )NP (PP in (NP (NP the real estate limited partnership 's )NP units )NP )PP )NP )VP and (VP increased (NP its regular quarterly cash distribution )NP (NP 33 % )NP , (PP to (NP (NP 40 cents )NP (NP a unit )NP )NP )PP )VP )VP . )S  STOP
(S (NP The real estate limited partnership )NP (ADVP also )ADVP (VP said (SBAR (S (NP it )NP (VP will (VP pay (NP (NP a special year-end cash distribution )NP (PP of (NP (NP 10 cents )NP (NP a unit )NP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Both *UNK )NP (VP are (ADJP payable (NP Dec. 4 )NP (PP to (NP (NP limited partners )NP (PP of (NP record )NP )PP (NP Nov. 3 )NP )NP )PP )ADJP )VP . )S  STOP
(S (NP Mellon Bank Corp. )NP (VP said (SBAR (S (NP directors )NP (VP authorized (NP (NP the buy-back )NP (PP of (NP (QP as many as 250,000 )QP common shares )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The bank holding company )NP (VP said (SBAR (S (NP (NP stock )NP (VP *UNKED )VP )NP (VP will (VP be (VP used (S (VP to (VP meet (NP (NP requirements )NP (PP for (NP (NP the company 's )NP benefit plans )NP )PP )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mellon )NP (VP has (NP (NP (QP *UNKN million )QP shares )NP (ADJP outstanding )ADJP )NP )VP . )S  STOP
(S (NP (NP *UNKC International Corp. 's )NP third-quarter profit )NP (VP dropped (NP 17 % )NP , (S (VP reflecting (NP (NP (NP price declines )NP (PP for (NP certain paper products )NP )PP )NP , (NP (NP operating problems )NP (PP at (NP certain mills )NP )PP )NP , and (NP other factors )NP )NP )VP )S )VP . )S  STOP
(S (NP The paper producer )NP (VP reported (SBAR (S (NP that net income )NP (VP fell (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ 1.29 )NP (NP a share )NP )NP , )NP (PP in (NP the year-earlier period )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Sales )NP (VP rose (NP 2.6 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ 1.29 billion )QP )NP )PP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP , (NP (NP *UNKC 's )NP shares )NP (VP rose (NP 25 cents )NP (PP to (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (NP Digital Equipment Corp. )NP (VP is (VP planning (NP (NP a big *UNK- party )NP (PP on (NP Tuesday )NP )PP (PP for (NP (NP its first line )NP (PP of (NP mainframe computers )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S But (NP an *UNKED guest )NP (VP is (VP expected (S (VP to (VP try (S (VP to (VP crash (NP the party )NP )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(NP (S (PP On (NP (NP the morning )NP (PP of (NP the *UNKED announcement )NP )PP )NP )PP , (NP International Business Machines Corp. )NP (VP is (S (VP to (VP introduce (NP its own new mainframe )NP )VP )VP )S )VP . )S )NP  STOP
(SINV `` (S (NP Their attitude )NP (VP is , ` (S (S (NP You )NP (VP want (S (VP to (VP talk (NP mainframes )NP )VP )VP )S )VP )S , (S (NP we )NP (VP 'll (VP talk (NP mainframes )NP )VP )VP )S , )S ' )VP )S '' (VP says )VP (NP one computer industry executive )NP . )SINV  STOP
(S `` (S (NP They )NP (VP 're (VP (ADVP deliberately )ADVP trying (S (VP to (VP steal (NP our *UNK )NP )VP )VP )S )VP )VP )S , '' (NP a Digital executive )NP (VP complains )VP . )S  STOP
(S `` (ADVP Maybe )ADVP (NP we )NP (VP should (VP take (NP it )NP (PP as (NP a *UNK )NP )PP )VP )VP . '' )S  STOP
(S (NP (NP Digital 's )NP target )NP (VP is (NP (NP the (ADJP (QP $ 40 billion )QP )ADJP market )NP (PP for (NP (NP mainframe computers )NP , (NP (NP the *UNKED *UNK- )NP (SBAR (WHNP that )WHNP (S (NP nearly every big company )NP (VP needs (S (VP to (VP run (NP its business )NP )VP )VP )S )VP )S )SBAR )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP IBM )NP , (VP based (PP in (NP (NP Armonk )NP , (NP N.Y. )NP )NP )PP )VP , )NP (VP has (VP dominated (NP the market )NP (PP for (NP decades )NP )PP )VP )VP . )S  STOP
(S (NP That )NP (VP does n't (VP *UNK (NP (NP Digital )NP , (SBAR (WHNP which )WHNP (S (VP has (VP grown (S (VP to (VP be (NP (NP the world 's )NP second-largest computer maker )NP )VP )VP )S (PP by (S (VP *UNKING (NP (NP customers )NP (PP of (NP (NP IBM 's )NP *UNK- machines )NP )PP )NP )VP )S )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (S (NP (NP Digital )NP , (VP based (PP in (NP (NP Maynard )NP , (NP Mass. )NP , )NP )PP )VP )NP (VP hopes (S (VP to (VP stage (NP (NP a repeat performance )NP (PP in (NP mainframes )NP )PP )NP )VP )VP )S )VP )S , and (S (NP it )NP (VP has (VP spent (NP (QP almost $ 1 billion )QP )NP (S (VP developing (NP the new technology )NP )VP )S )VP )VP )S . )S  STOP
(S (NP (NP A *UNK )NP , (NP (NP *UNK *UNKC Computers Inc. )NP (PP in (NP (NP *UNKC )NP , (NP Calif. )NP , )NP )PP )NP )NP (VP jumped (PP into (NP the *UNK )NP )PP (NP earlier this week )NP (PP with (NP an (ADJP aggressively priced )ADJP entry )NP )PP )VP . )S  STOP
(S (NP IBM )NP (VP appears (ADJP more worried (PP about (NP (NP Digital )NP , (SBAR (WHNP which )WHNP (S (VP has (NP (NP a broad base )NP (PP of (NP (NP customers )NP (VP waiting (PP for (NP (NP the new line )NP , (VP dubbed (S (NP the *UNKC *UNKN )NP )S )VP )NP )PP )VP )NP )PP )NP )VP )S )SBAR )NP )PP )ADJP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's (VP going (S (VP to (VP be (NP nuclear war )NP )VP )VP )S )VP )VP )S , '' (VP says )VP (NP (NP Thomas *UNKC )NP , (NP (NP a consultant )NP (PP with (NP *UNKC Group Inc )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP The surge )NP (PP in (NP competition )NP )PP )NP (VP is (VP expected (S (VP to (VP *UNK (NP new life )NP (PP into (NP (NP the huge mainframe market )NP , (SBAR (WHADVP where )WHADVP (S (NP growth )NP (VP has (VP slowed (PP to (NP single *UNK )NP )PP (PP in (NP recent years )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP (NP IBM 's )NP traditional mainframe rivals )NP , (PP including (NP (NP Unisys Corp. )NP , (NP Control Data Corp. )NP and (NP *UNKC Corp. )NP )NP )PP , )NP (VP have (VP *UNKED (ADVP recently )ADVP )VP )VP . )S  STOP
(S (NP Digital )NP (VP is (VP promising (NP a new approach )NP )VP )VP . )S  STOP
(S (NP (NP Robert M. *UNKC )NP , (NP (NP (NP Digital 's )NP vice president )NP (PP for (NP high performance systems )NP )PP )NP , )NP (VP says (SBAR (S (NP (NP Digital 's )NP mainframe )NP (VP is (VP designed (PP not (PP as (NP (NP a central computer )NP (SBAR (WHPP around (WHNP which )WHNP )WHPP (S (NP everything )NP (VP *UNK )VP )S )SBAR )NP )PP , but (PP as (NP (NP part )NP (PP of (NP (NP a *UNKED network )NP (VP *UNKING (ADVP together )ADVP (NP (NP hundreds )NP (PP of (NP (NP workstations )NP , (NP personal computers )NP , (NP *UNK )NP and (NP other devices )NP )NP )PP )NP )VP )NP )PP )NP )PP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S And (PP unlike (NP (NP IBM 's )NP *UNKED mainframes )NP )PP , (NP it )NP (VP does n't (VP need (NP any *UNKING )NP )VP )VP . )S  STOP
(S (NP The *UNK )NP (VP will (VP have (NP a big price advantage )NP )VP )VP . )S  STOP
(S (NP Digital )NP (VP is (VP expected (S (VP to (VP *UNK (NP its new line )NP (PP (PP from (NP (QP about $ 1.24 million )QP )NP )PP (PP to (NP (QP $ 4.4 million )QP (QP and up )QP )NP )PP )PP , (S (VP depending (PP on (NP *UNK )NP )PP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (NP That )NP (VP 's (NP (NP (QP about half )QP the price )NP (PP of (NP (ADJP *UNKLY equipped )ADJP IBM mainframes )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC 's )NP pricing )NP (VP is (ADJP (ADVP just as )ADVP aggressive )ADJP )VP . )S  STOP
(S (NP The heightened competition )NP (VP will (VP hit (NP IBM )NP (PP at (NP a difficult time )NP )PP )VP )VP . )S  STOP
(S (NP (NP (NP The computer giant 's )NP current mainframe line )NP , (SBAR (WHNP which )WHNP (S (VP (VP has (VP sold (ADVP well )ADVP )VP )VP and (VP has (NP huge profit margins )NP )VP )VP )S )SBAR , )NP (VP is (VP starting (S (VP to (VP show (NP its age )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The new *UNK )NP (ADJP due (NP next week )NP )ADJP )NP (VP will (VP boost (NP performance )NP (PP by (NP (QP only about 8 % to 10 % )QP )NP )PP )VP )VP . )S  STOP
(S And (NP IBM )NP (VP is n't (VP expected (S (VP to (VP deliver (NP (NP a new generation )NP (PP of (NP mainframes )NP )PP )NP (PP until (NP 1991 )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP Still )ADVP , (NP no one )NP (VP expects (S (NP (NP IBM 's )NP rivals )NP (VP to (VP deliver (NP a *UNK )NP )VP )VP )S )VP . )S  STOP
(S (NP IBM )NP (VP has (NP (NP a *UNKLY )NP (PP on (NP mainframes )NP )PP )NP , (PP with (NP (NP an (ADJP (QP estimated 70 )QP % )ADJP share )NP (PP of (NP the market )NP )PP )NP )PP )VP . )S  STOP
(S (NP IBM )NP (VP (VP is (NP (NP (NP (QP five times )QP the size )NP (PP of (NP Digital )NP )PP )NP (PRN -- and (NP (NP (QP 40 times )QP the size )NP (PP of (NP *UNKC )NP )PP )NP -- )PRN )NP )VP and (VP *UNK (NP enormous market power )NP )VP )VP . )S  STOP
(S (NP It )NP (VP counts (PP among (NP its customers )NP )PP (NP (NP a majority )NP (PP of (NP (NP (NP the world 's )NP largest corporations )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP their (ADJP most critical )ADJP business information )NP (PP to (NP IBM computers )NP )PP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP 're not (VP going (S (VP to (VP (VP walk (ADVP in )ADVP )VP and (VP replace (NP (NP a company 's )NP corporate accounting system )NP )VP (SBAR if (S (NP it )NP (VP 's (ADVP already )ADVP (VP running (PP on (NP an IBM mainframe )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP )VP )S , '' (VP concedes )VP (NP (NP Kenneth H. *UNKC )NP , (NP (NP Digital 's )NP president )NP )NP . )SINV  STOP
(S (NP He )NP (VP says (SBAR (S (NP Digital )NP (VP will (VP target (NP (NP *UNKING market segments )NP (PP such as (NP (NP *UNK- transaction processing )NP , (SBAR (WHNP which )WHNP (S (VP includes (NP (NP *UNK- tracking )NP , (NP airline reservations )NP and (NP *UNK- networks )NP )NP )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Tandem )NP , (SBAR (WHNP which )WHNP (S (ADVP already )ADVP (VP specializes (PP in (NP *UNK- transaction processing )NP )PP )VP )S )SBAR , )NP (VP is (NP a *UNK competitor )NP (PP in (NP that market )NP )PP )VP . )S  STOP
(S (NP (NP A key marketing target )NP (PP for (NP Digital )NP )PP )NP (VP will (VP be (NP (NP the large number )NP (PP of (NP (NP big customers )NP (SBAR (WHNP who )WHNP (S (ADVP already )ADVP (VP own (NP both Digital and IBM systems )NP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP One such company )NP (VP is (NP Bankers Trust Co )NP )VP . )S  STOP
(S (NP (NP Stanley Rose )NP , (NP (NP (NP a vice president )NP , (NP (ADJP technological and strategic )ADJP planning )NP )NP (PP at (NP Bankers Trust )NP )PP )NP , )NP (VP says (SBAR that (S (PP despite (NP (NP Digital 's )NP low prices )NP )PP , `` (NP we )NP (VP are n't (VP about (S (VP to (VP *UNK (NP our IBM mainframes )NP (PP for (NP a DEC machine )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The software conversion costs )NP (VP would (VP *UNK (NP any savings )NP )VP )VP . '' )S  STOP
(S But (NP Mr. Rose )NP (VP is (ADVP still )ADVP (VP looking (ADVP seriously )ADVP (PP at (NP the *UNKN )NP )PP )VP )VP . )S  STOP
(S (S (NP Bankers Trust )NP (VP uses (NP (NP Digital 's )NP *UNKC )NP (S (VP to (VP run (NP its huge (UCP *UNK- and capital markets )UCP accounts )NP )VP )VP )S , (S (VP *UNKING (NP (NP hundreds )NP (PP of (NP (NP billions )NP (PP of (NP dollars )NP )PP )NP )PP )NP (NP each day )NP )VP )S )VP )S , (NP he )NP (VP says )VP . )S  STOP
(S (SBAR As (S (NP that system )NP (VP grows )VP )S )SBAR , (NP larger computers )NP (VP may (VP be (VP needed )VP )VP )VP . )S  STOP
(S `` (PP In (NP the past )NP )PP , (NP customers )NP (VP had (S (VP to (VP go (PP to (NP IBM )NP )PP (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP *UNK (NP the *UNKC )NP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (S (ADVP Now )ADVP (NP they )NP (VP do n't (VP have (S (VP to )VP )S )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (NP That )NP (VP 's (VP going (S (VP to (VP cost (NP IBM )NP (NP revenue )NP )VP )VP )S )VP )VP . '' )S  STOP
(S (NP Analysts )NP (VP say (SBAR (S (NP Digital )NP (VP can (VP expect (S (NP (NP this *UNK- demand )NP (PP for (NP the new *UNKC )NP )PP )NP (VP to (VP fuel (NP strong sales )NP (NP next year )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Barry F. *UNKC )NP , (NP (NP an analyst )NP (PP at (NP Sanford C. *UNKC & Co. )NP )PP )NP , )NP (VP estimates (SBAR (S (NP the 9000 )NP (VP could (VP boost (NP sales )NP (PP by (NP (QP more than $ 1 billion )QP )NP )PP (PP in (NP (NP the fiscal year )NP (VP beginning (PP in (NP July )NP )PP )VP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP bases (NP the estimate )NP (PP on (NP (NP a survey )NP (PP of (NP (NP hundreds )NP (PP of (NP (NP Digital 's )NP largest customers )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (SBAR Although (S (NP Digital )NP (VP will (VP announce (NP (NP a full family )NP (PP of (NP mainframes )NP )PP )NP (NP next week )NP )VP )VP )S )SBAR , (NP it )NP (VP is n't (VP expected (S (VP to (VP begin (S (VP shipping (PP in (NP volume )NP )PP )VP )S (PP until (NP next year )NP )PP )VP )VP )S )VP )VP . )S  STOP
(SINV (S (NP (NP The first model )NP (ADJP available )ADJP )NP (VP will (VP be (NP (NP the *UNKN )NP , (SBAR (WHNP which )WHNP (S (VP is (ADJP likely (S (VP to (VP appeal (PP to (NP (NP many (ADJP technical and scientific )ADJP buyers )NP (VP interested (PP in (NP the *UNK *UNK- , or *UNK *UNK )NP )PP )VP )NP )PP )VP )VP )S )ADJP )VP )S )SBAR )NP )VP )VP )S , (VP says )VP (NP (NP Terry Shannon )NP (PP of (NP (NP International Data Corp. )NP , (NP a market research concern )NP )NP )PP )NP . )SINV  STOP
(S (NP (NP Four more models )NP , (VP aimed (ADVP *UNKLY )ADVP (PP at (NP (NP IBM 's )NP commercial customers )NP )PP )VP , )NP (VP are (VP expected (S (VP to (VP begin (S (VP shipping )VP )S (PP in (NP late June )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP Most analysts )NP (VP do n't (VP expect (S (NP the new mainframes )NP (VP to (VP begin (S (VP contributing (ADVP significantly )ADVP (PP to (NP revenue )NP )PP )VP )S (PP before (NP (NP the fiscal first quarter )NP , (SBAR (WHNP which )WHNP (S (VP begins (NP next July 1 )NP )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Digital 's )NP new line )NP (VP has (VP been (NP a long time )NP (S (VP coming )VP )S )VP )VP . )S  STOP
(S (NP The company )NP (VP has (VP (VP (ADVP long )ADVP *UNKED (S (VP to (VP deliver (NP a strong *UNK- product )NP )VP )VP )S )VP , and (VP made (NP (NP a costly decision )NP (PP in (NP 1988 )NP )PP (S (VP to (VP halt (NP (NP development )NP (PP of (NP (NP an interim product )NP (VP meant (S (VP to (VP stem (NP (NP the revenue losses )NP (PP at (NP the high end )NP )PP )NP )VP )VP )S )VP )NP )PP )NP )VP )VP )S )NP )VP )VP )VP . )S  STOP
(S (S (NP (NP Digital 's )NP failure (S (VP to (VP deliver (NP a true *UNK- machine )NP (PP before (NP now )NP )PP )VP )VP )S )NP (VP may (VP have (VP cost (NP the company )NP (NP (NP (QP as much as $ 1 billion )QP )NP (PP in (NP revenue )NP )PP )NP (PP in (NP fiscal 1989 )NP )PP )VP )VP )VP )S , (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S (NP IBM )NP (VP will (VP face (NP (ADJP still more )ADJP competition )NP (PP in (NP coming months )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC Corp. )NP , (VP backed (PP by (NP (NP Japan 's )NP Fujitsu Ltd. )NP )PP )VP , )NP (VP has (NP (NP a growing share )NP (PP of (NP the market )NP )PP )NP (PP with (NP its *UNKED , *UNKC machines )NP )PP )VP . )S  STOP
(S And (NP (NP National Advanced Systems )NP , (NP (NP a joint venture )NP (PP of (NP (NP (NP Japan 's )NP Hitachi Ltd. )NP and (NP (NP General Motors Corp. 's )NP Electronic Data Systems )NP )NP )PP )NP , )NP (VP is (VP expected (S (VP to (VP unveil (NP (NP a line )NP (PP of (NP powerful *UNKC mainframes )NP )PP )NP (NP later this year )NP )VP )VP )S )VP )VP . )S  STOP
(NP *UNKC : )NP  STOP
(S (S (NP *UNKC )NP (VP is (NP National Advanced Systems )NP )VP )S , (S (NP *UNKC )NP -- (NP (NP Control Data Corp. )NP , (X *UNKC *UNK Information Systems Inc )X )NP )S . )S  STOP
(FRAG (NP Source )NP : (NP International Data Corp )NP . )FRAG  STOP
(VP *UNKED (PP by (NP *UNKC *UNKLY )NP )PP (PP from (NP (NP data )NP (PP from (NP (NP (NP *UNK- *UNK )NP , (NP *UNK chains )NP and (NP local *UNK lists )NP )NP (PP across (NP the U.S. )NP )PP )NP )PP )NP )PP . )VP  STOP
(NP (NP *UNKC )NP (NP 1989 )NP (PP by (NP *UNKED Publishing USA )NP )PP . )NP  STOP
(S (S (NP The *UNK stock and bond markets )NP (VP *UNKED (ADVP off )ADVP )VP )S , but (S (NP the dollar )NP (VP slumped )VP )S . )S  STOP
(S (NP Stocks )NP (VP rose (ADVP slightly )ADVP (SBAR as (S (NP trading activity )NP (VP slowed (PP from (NP (NP the *UNKED pace )NP (NP earlier this week )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Prices )NP (PP of (NP long-term Treasury bonds )NP )PP )NP (VP *UNKED (PP in (NP a narrow band )NP )PP (NP (NP most )NP (PP of (NP the day )NP )PP )NP , (S (VP finishing (S (ADJP little changed )ADJP )S (PP despite (NP (NP (NP the dollar 's )NP weakness )NP and (NP (NP fears )NP (PP about (S (NP (NP a wave )NP (PP of (NP government borrowing )NP )PP )NP (VP coming (ADVP soon )ADVP )VP )S )PP )NP )NP )PP )VP )S )VP . )S  STOP
(S (S (VP *UNKED (PP by (NP *UNKED program buying )NP )PP )VP )S , (NP the Dow Jones Industrial Average )NP (VP gained (NP *UNKN points )NP (S (VP to (VP close (PP at (NP *UNKN )NP )PP )VP )VP )S )VP . )S  STOP
(S But (NP the Dow Jones Transportation Average )NP (VP fell (PP for (NP the *UNK- session )NP )PP (SBAR as (S (NP more investors )NP (VP dumped (NP UAL shares )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Bond prices )NP (VP rallied (NP early yesterday morning )NP (SBAR as (S (NP traders )NP (VP scrambled (S (VP to (VP buy (NP Treasury issues )NP )VP )VP )S (PP on (NP fears (SBAR that (S (NP the Northern California earthquake )NP (VP might (VP lead (PP to (NP a stock-market debacle )NP )PP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(S But (SBAR (WHADVP when )WHADVP (S (NP stocks )NP (VP held (S (ADJP steady )ADJP )S )VP )S )SBAR , (NP Treasury bonds )NP (ADVP later )ADVP (VP retreated )VP . )S  STOP
(S (S (NP *UNKC (SBAR that (S (NP the Federal Reserve )NP (VP will (VP lower (NP interest rates )NP (PP in (NP coming weeks )NP )PP )VP )VP )S )SBAR )NP (VP helped (VP push (NP the dollar )NP (ADVP down )ADVP (SBAR while (S (VP boosting (NP stocks )NP )VP )S )SBAR )VP )VP )S , (NP traders )NP (VP said )VP . )S  STOP
(S But (NP many investors )NP (VP remain (ADJP wary (PP about (NP stocks )NP )PP )ADJP , (SBAR (ADVP partly )ADVP because (S (NP they )NP (VP expect (NP (NP continued turbulence )NP (PP in (NP the junk-bond market )NP )PP (SBAR (WHNP that )WHNP (S (VP would (VP make (S (NP (NP it )NP )NP (ADJP more difficult )ADJP (S (VP to (VP finance (NP corporate takeovers )NP )VP )VP )S )S )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP I )NP (VP 'm (ADJP surprised (SBAR (S (NP we )NP (VP did n't (VP see (NP more volatility )NP '' (PP in (NP stocks )NP )PP )VP )VP )S )SBAR )ADJP )VP )S , (VP said )VP (NP (NP Raymond F. *UNKC Jr. )NP , (NP (NP market strategist )NP (PP at (NP *UNKC Mason Wood Walker )NP )PP )NP )NP . )SINV  STOP
(S `` (S (NP I )NP (VP think (SBAR (S (NP (NP the problems )NP (PP in (NP the junk-bond area )NP )PP )NP (VP are (ADVP just )ADVP (VP beginning )VP )VP )S )SBAR )VP )S , and (S (NP this )NP (VP will (VP be (ADJP very *UNKING )ADJP (PP for (NP (NP companies )NP (SBAR (WHNP that )WHNP (S (VP have (VP issued (NP junk bonds )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S . )S  STOP
(S (S (PP In (NP a bull market )NP )PP , (NP credit )NP (VP does not (VP matter )VP )VP )S , '' (NP Mr. *UNKC )NP (VP added )VP . )S  STOP
(S `` But (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP does (VP matter )VP )VP )S )SBAR , then (NP it )NP (VP 's (NP (NP the only thing )NP (SBAR (WHNP that )WHNP (S (VP matters )VP )S )SBAR )NP )VP . '' )S  STOP
(SINV (S (ADVP However )ADVP , (NP many institutional investors )NP (VP are (VP reacting (PP to (NP (NP the stock market 's )NP plunge )NP )PP (PP as `` (NP a great buying opportunity )NP )PP )VP )VP )S , '' (VP said )VP (NP (NP Charles I. *UNKC )NP , (NP (NP chief investment strategist )NP (PP at (NP Merrill Lynch Capital Markets )NP )PP )NP )NP . )SINV  STOP
(S `` (NP *UNKC )NP (VP are (VP beginning (S (VP to (VP settle (ADVP down )ADVP )VP )VP )S )VP )VP . )S  STOP
(S (NP The markets )NP (VP are (VP returning (PP to (NP *UNK )NP )PP )VP )VP . '' )S  STOP
(S (NP Oil prices )NP (ADVP initially )ADVP (VP rose (PP on (NP fears (SBAR that (S (NP (NP the massive earthquake )NP (PP in (NP Northern California )NP )PP )NP (VP would (VP disrupt (NP production )NP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S But (NP prices )NP (ADVP later )ADVP (VP reversed (NP course )NP , (S (VP finishing (S (ADJP slightly lower )ADJP )S )VP )S , (SBAR as (S (NP investors )NP (VP concluded (SBAR (SBAR that (S (NP any cuts )NP (VP would n't (VP be (ADJP large )ADJP )VP )VP )S )SBAR and (SBAR that (S (NP foreign oil producers )NP (VP would (VP (ADVP quickly )ADVP pick (PRT up )PRT (NP the *UNK )NP )VP )VP )S )SBAR )SBAR )VP )S )SBAR )VP . )S  STOP
(PP In (NP major market activity )NP : )PP  STOP
(S (NP Stock prices )NP (VP rose )VP . )S  STOP
(S (NP New York Stock Exchange volume )NP (VP *UNK (PP to (NP (QP *UNKN million )QP shares )NP )PP (PP from (NP (QP *UNKN million )QP )NP (NP Tuesday )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (PP on (NP the Big Board )NP )PP (VP *UNKED (NP decliners )NP (PP by (ADVP *UNKN to *UNKN )ADVP )PP )VP . )S  STOP
(S (NP Bond prices )NP (VP were (ADJP little changed )ADJP (PP in (NP sluggish activity )NP )PP )VP . )S  STOP
(S (NP (NP The yield )NP (PP on (NP (NP the Treasury 's )NP 30-year issue )NP )PP )NP (VP fell (ADVP slightly )ADVP (PP to (NP *UNKN % )NP )PP )VP . )S  STOP
(S (NP The dollar )NP (VP dropped )VP . )S  STOP
(S (PP In (NP New York )NP )PP (NP late yesterday )NP , (NP the currency )NP (VP was (PP at (NP (NP 141.45 yen )NP and (NP *UNKN marks )NP )NP )PP , (ADVP down (PP from (NP (NP *UNKN yen )NP and (NP *UNKN marks )NP )NP (NP late Tuesday )NP )PP )ADVP )VP . )S  STOP
(S (NP (NP James L. *UNKC )NP , (ADJP (NP 46 years )NP old )ADJP , )NP (VP was (VP named (S (NP (NP (NP a vice president )NP and (NP assistant general manager )NP )NP (PP of (NP (NP this producer )NP (PP of (NP (NP copper )NP and (NP other minerals )NP )NP )PP )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP He )NP (VP will (VP succeed (NP Arthur E. *UNKC )NP (PP as (NP general manager )NP )PP (NP (NP Feb. 1 )NP , (SBAR (WHADVP when )WHADVP (S (NP Mr. *UNKC )NP (VP *UNK )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP AMR Corp. )NP (VP (VP posted (NP (NP an (ADJP 8.8 % )ADJP drop )NP (PP in (NP third-quarter net income )NP )PP )NP )VP and (VP said (SBAR (S (NP the fourth quarter )NP (VP will (VP be `` (ADJP disappointing )ADJP '' (ADVP as well )ADVP , (PP (ADVP primarily )ADVP because of (NP (NP *UNK profit margins )NP and (NP increased fuel costs )NP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP AMR 's )NP earnings decline )NP (VP comes (SBAR (NP a year )NP after (S (NP (NP (NP the parent company )NP (PP of (NP American Airlines )NP )PP )NP and (NP (NP the rest )NP (PP of (NP the airline industry )NP )PP )NP )NP (VP set (NP profit records )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Some analysts )NP (VP say (SBAR (S (NP the latest results )NP (ADVP only )ADVP (VP seem (ADJP *UNK )ADJP (PP by (NP (NP comparison )NP (PP with (NP (NP a *UNK second half )NP (PP of (NP 1988 )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Still )ADVP , (NP (NP AMR 's )NP *UNK )NP (VP does n't (VP *UNK (ADVP well )ADVP (PP for (NP (NP the rest )NP (PP of (NP the industry )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP The (NAC Fort Worth , Texas , )NAC company )NP (VP is (ADVP generally )ADVP (VP regarded (PP as (NP (NP one )NP (PP of (NP (NP the *UNK- )NP (PP in (NP the business )NP )PP )NP )PP )NP )PP )VP )VP )S , and (S (NP its difficulties )NP (VP are (ADJP likely (S (VP to (VP be (VP reflected (ADVP industrywide )ADVP (SBAR as (S (NP other major carriers )NP (VP report (NP third-quarter results )NP (PP over (NP the next several days )NP )PP )VP )S )SBAR )VP )VP )VP )S )ADJP )VP )S . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP (NP the company 's )NP board )NP , (SBAR (WHNP which )WHNP (S (VP had (VP said (NP nothing )NP (ADVP publicly )ADVP (PP about (NP (NP (NP investor Donald Trump 's )NP (ADJP recently withdrawn )ADJP (ADJP (QP $ 7.5 billion )QP )ADJP offer )NP (PP for (NP AMR )NP )PP )NP )PP )VP )VP )S )SBAR , )NP (VP issued (NP (NP a statement )NP (VP (VP *UNKING (NP `` (ADJP *UNKED and reckless )ADJP '' bids )NP )VP and (VP saying (SBAR (S (NP it )NP (VP was (ADJP `` pleased '' (SBAR that (S (NP Mr. Trump )NP (VP had (VP backed (PRT out )PRT )VP )VP )S )SBAR )ADJP )VP )S )SBAR )VP )VP )NP )VP . )S  STOP
(S (PP In (NP the third quarter )NP )PP (PRN , (S (NP AMR )NP (VP said )VP )S , )PRN (NP net )NP (VP fell (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ 2.50 )NP (NP a share )NP )NP )NP )PP )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP 17 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP . )S  STOP
(S (NP (NP (NP AMR 's )NP chairman )NP , (NP Robert L. *UNKC )NP , )NP (VP said (SBAR (S (NP the results )NP (VP were (ADJP due (PP to (NP (NP (NP an (ADJP 11 % )ADJP *UNK- increase )NP (PP in (NP fuel prices )NP )PP )NP and (NP (NP a slight decrease )NP (PP in (NP (NP yield )NP , (NP (NP an industry measure )NP (ADJP *UNK (PP to (NP (NP profit margin )NP (PP on (NP (NP each seat )NP (VP sold )VP )NP )PP )NP )PP )ADJP )NP )NP )PP )NP )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP We )NP (VP think (SBAR (S (NP these trends )NP (VP (VP will (VP continue )VP )VP and (VP will (VP produce (NP a (ADJP very disappointing )ADJP fourth quarter )NP (ADVP as well )ADVP )VP )VP )VP )S )SBAR )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP an analyst )NP (PP with (NP Merrill Lynch & Co. )NP )PP )NP , )NP (VP said : `` (S (NP The business )NP (VP turned (ADVP (ADVP faster )ADVP (SBAR than (S (VP expected )VP )S )SBAR )ADVP )VP )S )VP . )S  STOP
(S (S (NP *UNKC )NP (VP are (VP giving (NP them )NP (NP (NP a little bit )NP (PP of (NP trouble )NP )PP )NP )VP )VP )S , and (S (NP the whole industry )NP (VP is (VP having (NP a pricing problem )NP )VP )VP )S . '' )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP (NP AMR 's )NP net )NP (VP rose (NP 15 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )VP . )S  STOP
(S (NP Revenue )NP (VP jumped (NP 22 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP (NP AMR 's )NP board )NP , (PP in (NP (NP a statement )NP (PP after (NP (NP a regular meeting )NP (NP yesterday )NP )NP )PP )NP )PP , (VP said : `` (S (NP (ADJP *UNKED and reckless )ADJP acquisition proposals )NP (VP (VP (ADVP *UNKLY )ADVP affect (NP (UCP employee , financial and business )UCP relationships )NP )VP and (VP are (ADJP contrary (PP to (NP (NP the best interests )NP (PP of (NP AMR shareholders )NP )PP )NP )PP )ADJP )VP )VP )S )VP ... . )S  STOP
(S (NP AMR )NP (VP (VP has not (VP been )VP )VP , and (VP is not )VP , (PP for (NP sale )NP )PP )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP (NP (NP the company 's )NP current decline )NP (PP in (NP earnings )NP )PP )NP (VP is (NP (NP (NP exactly the kind )NP (PP of (NP situation )NP )PP )NP (SBAR (WHNP that )WHNP (S (NP (NP an (ADJP *UNKLY leveraged )ADJP company )NP (ADJP *UNK (PP with (NP (NP debt )NP (PP from (NP a takeover )NP )PP )NP )PP )ADJP )NP (VP would (VP find (S (ADJP difficult (SBAR (S (VP to (VP weather )VP )VP )S )SBAR )ADJP )S )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP (NP Our (ADJP very disappointing )ADJP third-quarter results )NP and (NP (NP the discouraging outlook )NP (PP for (NP the fourth quarter )NP )PP )NP )NP (VP *UNK (NP (NP the importance )NP (PP of (NP an adequate capital base )NP )PP )NP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP (NP Christopher *UNKC )NP , (NP (NP (NP *UNK- deputy chairman )NP (PP of (NP this British investment-banking group )NP )PP )NP and (NP (NP chairman )NP (PP of (NP (NP Morgan Grenfell & Co. )NP , (NP (NP the group 's )NP main banking unit )NP )NP )PP )NP )NP , )NP (VP has (VP retired (PP from (NP his executive duties )NP )PP )VP )VP . )S  STOP
(SINV (VP *UNKING (NP Mr. *UNKC )NP (PP as (NP (NP deputy chairman )NP (PP of (NP the group )NP )PP )NP )PP )VP (VP is )VP (NP (NP Anthony *UNKC )NP , (NP 43 )NP , (NP currently a main board member )NP )NP . )SINV  STOP
(SINV (VP *UNKING (NP Mr. *UNKC )NP (PP at (NP Morgan Grenfell & Co. )NP )PP )VP (VP is )VP (NP (NP Richard *UNKC )NP , (NP 50 )NP , (NP currently deputy chairman )NP )NP . )SINV  STOP
(S (NP Mr. *UNKC )NP (VP will (VP remain (PP on (NP the main group board )NP )PP (PP as (NP a *UNK director )NP )PP )VP )VP . )S  STOP
(S (PP Without (NP (NP federal subsidies )NP (PP to (NP (NP developers )NP (PP of (NP beach houses )NP )PP )NP )PP )NP )PP , (NP (NP the (ADJP economic and structural )ADJP damage )NP (PP by (NP Hurricane Hugo )NP )PP (PP in (NP South Carolina )NP )PP )NP (VP would (VP have (VP been (ADJP much less )ADJP , (SBAR as (S (VP *UNKED (PP by (NP (NP your Oct. 3 editorial )NP `` (S (VP *UNKING (NP *UNKC )NP )VP )S )NP )PP )VP )S )SBAR )VP )VP )VP . '' )S  STOP
(S (NP Congress )NP (VP should (VP stop (S (VP throwing (NP tax dollars )NP (PP out (PP to (NP sea )NP )PP )PP (PP by (S (VP *UNKING (NP (NP the development )NP (PP of (NP beach communities )NP )PP (PP on (NP (NP (ADJP *UNKLY fragile )ADJP *UNK barrier *UNK )NP , (PP such as (NP (NP the *UNK- *UNKC )NP (PP of (NP *UNKC )NP )PP (PP near (NP Charleston )NP )PP )NP )PP )NP )PP )NP )VP )S )PP )VP )S )VP )VP . )S  STOP
(S (SBAR As (S (NP you )NP (VP mentioned )VP )S )SBAR , (NP (NP subsidies )NP (PP for (NP (NP development )NP (PP on (NP (NP a number )NP (PP of (NP barrier *UNK )NP )PP )NP )PP )NP )PP )NP (VP were (VP *UNKED (PP in (NP 1982 )NP )PP (PP by (NP the Coastal *UNKC *UNKC System )NP )PP )VP )VP . )S  STOP
(S (NP The National *UNKC Union )NP (VP would (VP like (S (NP Congress )NP (VP to (VP add (NP 800,000 acres )NP (PP to (NP (NP the *UNKN )NP (PP of (NP *UNK )NP )PP (PP in (NP the system )NP )PP )NP )PP (PP by (S (VP *UNKING `` (NP (NP The Coastal *UNKC *UNKC Act )NP (PP of (NP 1989 )NP )PP )NP )VP )S )PP )VP )VP )S )VP )VP . '' )S  STOP
(S (NP This bill )NP (ADVP simply )ADVP (VP says (SBAR that (S (SBAR if (S (NP you )NP (VP want (S (VP to (VP develop (NP (NP property )NP (PP on (NP a barrier island )NP )PP )NP )VP )VP )S )VP )S )SBAR (NP you )NP (VP have (S (VP to (VP do (ADVP so )ADVP (PP without (NP taxpayer support )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC rights )NP (VP would (VP be (VP upheld (SBAR because (S (NP the legislation )NP (VP would not (VP ban (NP *UNK development )NP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (ADVP However )ADVP , (NP home builders )NP (VP would (VP have (S (VP to (VP bear (NP (NP the full costs )NP (PP of (NP such *UNK- construction )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP A *UNKC Union study )NP (VP concluded (SBAR (S (NP the bill )NP (VP would (VP save (NP taxpayers )NP (NP (NP (QP up to $ *UNKN billion )QP )NP (PP in (NP *UNK- subsidies )NP )PP )NP (PP over (NP 20 years )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Already )ADVP , (NP the 1982 legislation )NP (VP has (VP saved (NP an estimated (QP $ 800 million )QP )NP )VP )VP . )S  STOP
(NP Marshall *UNK Taylor )NP  STOP
(NP Communications Director )NP  STOP
(NP National *UNKC Union )NP  STOP
(S (NP The government )NP (VP said (SBAR (S (NP (NP (NP 13.1 % )NP (PP of (NP Americans )NP )PP )NP , or (NP (QP *UNKN million )QP people )NP , )NP (VP were (VP living (PP in (NP poverty )NP )PP (PP in (NP 1988 )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR While (S (NP (NP last year 's )NP figure )NP (VP (VP was (ADVP down (PP from (NP 13.4 % )NP (PP in (NP 1987 )NP )PP )PP )ADVP )VP and (VP marked (NP (NP the (ADJP fifth consecutive )ADJP annual decline )NP (PP in (NP the poverty rate )NP )PP )NP )VP )VP )S )SBAR , (NP the *UNKC Bureau )NP (VP said (SBAR (S (NP the 1988 drop )NP (VP was n't (ADJP *UNKLY significant )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The bureau 's )NP report )NP (ADVP also )ADVP (VP showed (SBAR that (S (SBAR while (S (NP (NP some measures )NP (PP of (NP (NP the nation 's )NP economic *UNKING )NP )PP )NP (VP improved (ADVP modestly )ADVP (PP in (NP 1988 )NP )PP )VP )S )SBAR , (NP (NP the *UNK )NP (PP of (NP prosperity )NP )PP )NP (VP were (VP shared (ADVP (ADVP less *UNKLY )ADVP (PP than (NP (NP the year )NP (ADVP before )ADVP )NP )PP )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (VP *UNKING (NP (NP data )NP (VP *UNKED (PP from (NP (NP a March 1989 survey )NP (PP of (NP *UNKN households )NP )PP )NP )PP )VP )NP )VP )S , (NP (NP William *UNKC )NP , (NP (NP associate director )NP (PP of (NP the *UNKC Bureau )NP )PP )NP , )NP (VP said (SBAR that `` (S (NP most groups )NP (VP either (VP stayed (NP the same )NP )VP or (VP improved )VP )VP )S )SBAR )VP . '' )S  STOP
(S But (PRN , (S (NP he )NP (VP added )VP )S , )PRN `` (PP Since (NP the late 1960s )NP )PP , (NP (NP the distribution )NP (PP of (NP income )NP )PP )NP (VP has (VP been (ADVP slowly )ADVP (VP getting (ADJP less equal )ADJP )VP )VP )VP . )S  STOP
(S (NP There )NP (VP was (NP (NP no reversal )NP (PRN -LCB- (PP of (NP that trend )NP )PP -RCB- )PRN )NP (PP between (NP 1987 and 1988 )NP )PP )VP . '' )S  STOP
(S (NP (NP (ADJP *UNKC *UNK )ADJP income )NP , (NP (NP a (ADJP widely used )ADJP measure )NP (PP of (NP (NP a nation 's )NP economic health )NP )PP )NP , )NP (VP hit (NP a record )NP (PP in (NP 1988 )NP )PP , (S (VP rising (NP 1.7 % )NP (PP after (NP inflation adjustment )NP )PP (PP to (NP (QP $ *UNKN )QP )NP )PP )VP )S )VP . )S  STOP
(S But (NP (NP the *UNK income )NP (PP of (NP American families )NP )PP )NP (VP (VP fell (NP 0.2 % )NP )VP , (NP (NP the first time )NP (SBAR (S (NP it )NP (VP has (VP failed (S (VP to (VP rise )VP )VP )S )VP )VP )S )SBAR (PP since (NP 1982 )NP )PP )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP (NP the *UNK )NP (PP in (NP the two measures )NP )PP )NP (VP reflects (NP (NP (NP changes )NP (PP in (NP family size and structure )NP )PP , (PP including (NP (NP the rising number )NP (PP of (NP *UNKED families )NP )PP )NP )PP )NP and (NP (NP a sharp increase )NP (PP in (NP income )NP )PP (VP reported (PP by (NP (NP Americans )NP (SBAR (WHNP who )WHNP (S (VP are n't (VP living (PP in (NP families )NP )PP )VP )VP )S )SBAR )NP )PP )VP )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (PP As (NP (NP a result )NP (PP of (NP (NP last year 's )NP decline )NP )PP )NP )PP , (NP (NP (NP the government 's )NP estimate )NP (PP for (NP (NP the number )NP (PP of (NP (NP people )NP (VP living (PP below (NP the poverty line )NP )PP )VP )NP )PP )NP )PP )NP (VP declined (PP by (NP (QP about 500,000 )QP )NP )PP )VP . )S  STOP
(S (NP (NP The poverty *UNK )NP , (VP defined (PP as (NP (NP (NP three times )NP food expenses )NP (SBAR as (S (VP calculated (PP by (NP the *UNKC Department )NP )PP )VP )S )SBAR )NP )PP )VP , )NP (NP last year )NP (VP was (NP $ *UNKN )NP (PP for (NP (NP a family )NP (PP of (NP four )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP The Census Bureau )NP (VP counts (NP all cash income )NP (PP in (S (VP determining (SBAR whether (S (NP families )NP (VP are (PP below (NP the line )NP )PP )VP )S )SBAR )VP )S )PP )VP )S , but (S (NP it )NP (VP does n't (VP consider (NP (NP other government benefits )NP , (PP such as (NP Medicare )NP )PP )NP )VP )VP )S . )S  STOP
(S (S (NP (NP *UNKC )NP (PP (ADVP largely )ADVP to (NP (NP the continued growth )NP (PP of (NP the U.S. economy )NP )PP )NP )PP )NP , (NP the poverty rate )NP (VP is (ADVP now )ADVP (ADJP (ADJP substantially lower )ADJP (PP than (NP (NP the 1983 peak )NP (PP of (NP *UNKN % )NP )PP )NP )PP )ADJP )VP )S , but (S (NP the improvements )NP (VP have (VP been (ADJP modest )ADJP (PP in (NP (NP the past couple )NP (PP of (NP years )NP )PP )NP )PP )VP )VP )S . )S  STOP
(S (NP *UNKC )NP (VP remains (ADJP (ADJP (ADVP far more )ADVP widespread )ADJP (PP among (NP blacks )NP )PP (PP than (NP other Americans )NP )PP )ADJP )VP . )S  STOP
(S (PP In (NP 1988 )NP )PP , (NP (NP *UNKN % )NP (PP of (NP blacks )NP )PP )NP (VP lived (PP in (NP poverty )NP )PP , (PP compared (PP with (NP (NP (NP *UNKN % )NP (PP for (NP whites )NP )PP )NP and (NP (NP *UNKN % )NP (PP for (NP *UNKC )NP )PP )NP )NP )PP )PP )VP . )S  STOP
(S But (NP (NP two-thirds )NP (PP of (NP all poor Americans )NP )PP )NP (VP were (ADJP white )ADJP )VP . )S  STOP
(S (S (NP (NP (QP More than half )QP )NP (PP of (NP poor families )NP )PP )NP (VP were (VP headed (PP by (NP (NP women )NP (VP living (PP without (NP men )NP )PP )VP )NP )PP )VP )VP )S , (NP the bureau )NP (VP said )VP . )S  STOP
(S (NP (NP (QP More than *UNK- )QP )NP (PP of (NP poor black families )NP )PP )NP (VP were (VP headed (PP by (NP women )NP )PP )VP )VP . )S  STOP
(S (NP (NP The poverty rate )NP (PP of (NP (NP children )NP (ADJP (NP (QP under 18 )QP years )NP old )ADJP )NP )PP )NP (VP (VP dropped (NP last year )NP (PP to (NP *UNKN % )NP )PP (PP from (NP *UNKN % )NP (PP in (NP 1987 )NP )PP )PP )VP , but (VP remained (ADJP (ADJP far higher )ADJP (PP than (ADVP (NP a decade )NP ago )ADVP )PP )ADJP )VP )VP . )S  STOP
(S (NP (NP (NP The rate )NP (PP among (NP the elderly )NP )PP )NP (PRN -- (NP (NP 12 % )NP (PP in (NP 1988 )NP )PP )NP -- )PRN )NP (VP was n't (ADJP (ADJP significantly lower )ADJP (PP than (NP (NP the year )NP (ADVP before )ADVP )NP )PP )ADJP )VP . )S  STOP
(S (S (SBAR If (S (NP it )NP (VP were n't (PP for (NP Social Security payments )NP )PP )VP )S )SBAR , (NP (QP more than three times as many )QP elderly )NP (VP would (VP be (PP below (NP the poverty line )NP )PP )VP )VP )S , (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (NP The Census Bureau )NP (ADVP also )ADVP (VP said )VP : )S  STOP
(S -- (NP (NP (QP Some *UNKN )QP % )NP (PP of (NP (NP all money income )NP (VP received (PP by (NP families )NP )PP (PP in (NP 1988 )NP )PP )VP )NP )PP )NP (VP went (PP to (NP (NP the *UNK 5 % )NP (PP of (NP all families )NP )PP , (ADVP up (PP from (NP *UNKN % )NP (PP in (NP 1987 )NP )PP )PP )ADVP )NP )PP )VP . )S  STOP
(S (NP That )NP (VP is (NP (NP the greatest share )NP (VP reported (PP for (NP (NP any year )NP (PP since (NP *UNKN )NP )PP )NP )PP )VP )NP , (SBAR although (S (NP (NP changing *UNK )NP (PP over (NP the years )NP )PP )NP (VP *UNK (NP the comparison )NP )VP )S )SBAR )VP . )S  STOP
(S -- (NP (NP The top fifth )NP (PP of (NP all families )NP )PP )NP (VP got (NP (NP 44 % )NP (PP of (NP the income )NP )PP , (ADVP up (PP from (NP (NP *UNKN % )NP (ADVP (NP a decade )NP earlier )ADVP )NP )PP )ADVP )NP )VP . )S  STOP
(S (NP (NP The bottom fifth )NP (PP of (NP all families )NP )PP )NP (VP got (NP (NP 4.6 % )NP (PP of (NP the income )NP )PP )NP , (ADVP down (PP from (NP 5.2 % )NP (ADVP (NP a decade )NP earlier )ADVP )PP )ADVP )VP . )S  STOP
(S -- (S (VP *UNKING (NP (NP other government data )NP (VP showing (SBAR that (S (NP wages )NP (VP are n't (VP keeping (NP pace )NP (PP with (NP inflation )NP )PP )VP )VP )S )SBAR )VP )NP )VP )S , (NP (NP earnings )NP (PP of (NP *UNK- , *UNK- male workers )NP )PP )NP (VP (VP fell (NP 1.3 % )NP (PP in (NP 1988 )NP )PP (PP after (S (VP *UNKING (PP for (NP higher prices )NP )PP )VP )S )PP )VP , (NP (NP the first such drop )NP (PP since (NP 1982 )NP )PP )NP )VP . )S  STOP
(S (NP (NP Earnings )NP (PP of (NP female workers )NP )PP )NP (VP were (ADJP unchanged )ADJP )VP . )S  STOP
(S -- (NP (NP Women )NP (VP working (ADVP *UNK- )ADVP )VP )NP (VP earned (NP (NP (NP 66 cents )NP (PP for (NP (NP every dollar )NP (VP earned (PP by (NP men )NP )PP )VP )NP )PP )NP , (ADJP (ADJP (ADJP (NP a penny )NP more )ADJP (PP than (PP in (NP 1987 )NP )PP )PP )ADJP and (ADJP (ADJP (NP seven cents )NP more )ADJP (PP than (PP in (NP 1978 )NP )PP )PP )ADJP )ADJP )NP )VP . )S  STOP
(S -- (NP (NP *UNKC household income )NP (PRN -- (SBAR (WHNP which )WHNP (S (VP includes (NP both (NP (NP those )NP (VP living (PP in (NP families )NP )PP )VP )NP and (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP are n't )VP )S )SBAR )NP )NP )VP )S )SBAR -- )PRN )NP (VP rose (NP 0.3 % )NP (NP last year )NP (PP to (NP $ *UNKN )NP )PP (PP after (NP inflation )NP )PP )VP . )S  STOP
(S (NP It )NP (VP (VP rose (ADVP sharply )ADVP (PP in (NP the Northeast and Midwest )NP )PP )VP and (VP fell (ADVP slightly )ADVP (PP in (NP the South and West )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC family income )NP (VP was (NP $ *UNKN )NP , (ADVP down (NP 0.2 % )NP )ADVP )VP . )S  STOP
(S -- (NP (NP (ADJP *UNKC capita )ADJP income )NP (PP of (NP blacks )NP )PP )NP , (SBAR though (S (ADVP still )ADVP (NP (NP (ADJP (QP only 60 )QP % )ADJP that )NP (PP of (NP whites )NP )PP )NP )S )SBAR , (VP rose (NP 3.9 % )NP (PP in (NP 1988 )NP )PP , (SBAR while (S (NP (NP (ADJP per capita )ADJP income )NP (PP of (NP whites )NP )PP )NP (VP rose (NP (QP only 1.5 )QP % )NP )VP )S )SBAR )VP . )S  STOP
(S -- (PP Among (NP married couples )NP )PP , (NP (NP the gap )NP (PP between (NP blacks and whites )NP )PP )NP (VP narrowed (ADVP sharply )ADVP , (SBAR as (S (NP (NP income )NP (PP of (NP black families )NP )PP )NP (VP shot (ADVP up )ADVP (NP 6.8 % )NP (SBAR while (S (NP (NP income )NP (PP of (NP whites )NP )PP )NP (VP did n't (VP *UNK )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (S (VP *UNKING (NP (NP a controversy )NP (SBAR (WHNP that )WHNP (S (VP has (VP been (VP *UNKING (PP for (NP years )NP )PP )VP )VP )VP )S )SBAR )NP )VP )S , (NP the Census Bureau )NP (ADVP also )ADVP (VP said (SBAR (S (NP its figures )NP (VP would (VP look (ADJP far *UNK )ADJP (SBAR if (S (NP it )NP (VP *UNKED (NP the poverty *UNK )NP (S (VP using (NP (NP an improved *UNK- measure )NP (VP adopted (PP in (NP 1983 )NP )PP )VP )NP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The bureau )NP (VP said (SBAR (S (NP (ADJP (NP (QP some 3.5 million )QP )NP fewer )ADJP people )NP (VP would (VP have (VP fallen (PP below (NP the poverty line )NP )PP (PP in (NP 1988 )NP )PP (PRN -- and (S (NP the poverty rate )NP (VP would (VP have (VP been (NP (NP 10.5 % )NP (CONJP instead of )CONJP (NP 13.1 % )NP )NP )VP )VP )VP )S -- )PRN (PP under (NP the alternative *UNK )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Critics )NP (PP on (NP the left and right )NP )PP )NP (VP have (VP been (VP calling (PP for (NP (NP all sorts )NP (PP of (NP (NP revisions )NP (PP to (NP the measure )NP )PP )NP )PP )NP )PP (PP for (NP years )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP (NP A report )NP (PP by (NP (NP the staff )NP (PP of (NP (NP the *UNKC Economic Committee )NP (PP of (NP Congress )NP )PP )NP )PP )NP )PP )NP (VP released (NP yesterday )NP )VP )NP (VP concluded , `` (S (NP (NP It )NP )NP (VP is (ADJP misleading )ADJP (S (VP to (VP make (NP this change )NP (PP without (S (VP adjusting (PP for (NP other changes )NP )PP )VP )S )PP )VP )VP )S )VP )S )VP . '' )S  STOP
(S (NP The official poverty *UNK )NP (VP is (VP set (PP by (NP (NP the Office )NP (PP of (NP Management and Budget )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP John E. *UNKC Jr. )NP (VP was (VP elected (S (NP (NP chairman )NP , (NP president )NP and (NP chief executive officer )NP )NP )S , (S (VP succeeding (NP (NP David S. Black )NP , (SBAR (WHNP who )WHNP (S (VP retired )VP )S )SBAR )NP )VP )S )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (ADJP (NP 52 years )NP old )ADJP , )NP (VP left (NP (NP *UNKC Bell Telephone Co. )NP )NP (PP in (NP January )NP )PP , (SBAR (WHADVP where )WHADVP (S (NP he )NP (VP had (VP been (NP (NP chairman )NP , (NP president )NP and (NP chief executive )NP )NP )VP )VP )S )SBAR , (S (VP to (VP join (NP (NP *UNKC Capital Partners )NP , (NP (NP a St. Louis company )NP (PP with (NP (NP interests )NP (PP in (NP (NP (NP solid waste )NP and (NP recycling )NP )NP , (NP telecommunications )NP and (NP international venture capital )NP )NP )PP )NP )PP )NP )NP )VP )VP )S )VP . )S  STOP
(S (NP He )NP (VP has (VP resigned (NP (NP his posts )NP (PP at (NP *UNKC )NP )PP )NP (S (VP to (VP take (NP the Kansas Power positions )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Kansas Power )NP (VP said (SBAR (S (NP (NP Mr. Black )NP , (NP 61 )NP , )NP (VP chose (NP early retirement )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The space shuttle Atlantis )NP (VP boosted (NP the Galileo *UNK )NP (PP on (NP (NP its way )NP (PP to (NP *UNKC )NP )PP )NP )PP , (S (VP giving (NP a big lift )NP (ADVP as well )ADVP (PP to (NP (NP an ambitious U.S. program )NP (PP of (NP space exploration )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (S (UCP (ADJP (NP *UNKC years )NP late (PP in (NP the launching )NP )PP )ADJP , (PP (NP (QP $ 1 billion )QP )NP over (NP budget )NP )PP and (NP (NP a target )NP (PP of (NP *UNK- *UNK )NP )PP )NP )UCP )S , (NP Galileo )NP (VP has (ADVP long )ADVP (VP been (NP (NP a symbol )NP (PP of (NP trouble )NP )PP )NP (PP for (NP the National *UNKC and Space Administration )NP )PP )VP )VP . )S  STOP
(S But (NP yesterday )NP , (SBAR as (S (NP Atlantis )NP (VP *UNKED (PP into (NP (NP a *UNK )NP (PP of (NP clear *UNK )NP )PP (PP above (NP Florida )NP )PP )NP )PP (PP with (S (NP storm *UNK )NP (VP closing (PRT in )PRT (PP on (NP it )NP )PP )VP )S )PP )VP )S )SBAR , (NP NASA )NP (VP sought (S (VP to (VP turn (NP Galileo )NP (PP into (NP (NP a symbol )NP (PP of (NP *UNK )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(SINV `` (S (S (NP NASA )NP (VP did (NP it )NP (ADVP right )ADVP )VP )S ; (S (NP that )NP (VP 's (NP the message )NP )VP )S )S , '' (VP said )VP (NP (NP *UNKC Thompson )NP , (NP (NP the agency 's )NP deputy administrator )NP )NP . )SINV  STOP
(S (NP The (ADJP (QP $ 1.4 billion )QP )ADJP *UNK *UNK )NP (VP faces (NP a *UNK- *UNK (S (VP to (VP explore (NP (NP *UNKC )NP and (NP its 16 known *UNK )NP )NP )VP )VP )S )NP )VP . )S  STOP
(S (SBAR If (S (NP all )NP (VP goes (ADVP well )ADVP )VP )S )SBAR , (NP it )NP (VP will (VP *UNK (NP a probe )NP (PP into (NP the *UNK *UNKC atmosphere )NP )PP (PP in (NP July 1995 )NP )PP (S (VP to (VP pick (PRT up )PRT (NP (NP detailed data )NP (PP about (NP (NP *UNK )NP (SBAR (WHNP that )WHNP (S (VP may (VP be (ADJP similar (PP to (NP (NP the material )NP (SBAR (WHPP from (WHNP which )WHNP )WHPP (S (NP the *UNK system )NP (VP was (VP formed (ADVP (NP (QP 4.6 billion )QP years )NP ago )ADVP )VP )VP )S )SBAR )NP )PP )ADJP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Jupiter )NP (VP is (ADJP (ADJP so enormous )ADJP (PRN -- (S (NP its mass )NP (VP is (NP (NP (QP *UNKN times )QP that )NP (PP of (NP Earth )NP )PP )NP )VP )S -- )PRN (SBAR that (S (NP its *UNK )NP (VP may (VP have (VP (VP *UNKED (NP these *UNK *UNK )NP )VP and (VP (ADVP never )ADVP let (S (NP them )NP (VP escape )VP )S )VP )VP )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (S (S (VP *UNKING (NP Jupiter )NP (PP in (NP detail )NP )PP )VP )S (VP may (VP provide (NP (NP *UNK )NP (PP to (SBAR (WHNP what )WHNP (S (NP *UNK *UNKC Owen )NP (VP calls (S (NP (NP the `` *UNK *UNK '' )NP (PP of (NP life )NP )PP )NP )S )VP )S )SBAR )PP )NP )VP )VP )S : (S (S (S (NP (NP Jupiter )NP and (NP (NP other bodies )NP (PP in (NP the *UNK *UNK system )NP )PP )NP )NP (VP are (ADJP rich (PP in (NP (NP elements )NP (PP such as (NP *UNK )NP )PP (SBAR (WHNP that )WHNP (S (VP are (ADJP essential )ADJP (PP for (NP (NP life )NP (PP on (NP Earth )NP )PP )NP )PP )VP )S )SBAR )NP )PP )ADJP )VP )S , but (S (NP these *UNK )NP (VP are (ADJP *UNK )ADJP )VP )S )S ; (S (NP Earth )NP , (PP on (NP the other hand )NP )PP , (VP (VP has (NP (NP a diminished store )NP (PP of (NP such material )NP )PP )NP )VP but (VP is (ADJP rich (PP in (NP life )NP )PP )ADJP )VP )VP )S )S . )S  STOP
(S (NP Some scientists )NP (VP have (VP suggested (SBAR that (S (NP *UNK and *UNK )NP (VP may (VP have (VP brought (NP (NP enough )NP (PP of (NP (NP this kind )NP (PP of (NP material )NP )PP )NP )PP )NP (PP from (NP the *UNK *UNK system )NP )PP (PP to (NP Earth )NP )PP (S (VP to (VP *UNK (NP life )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP *UNKING (PP in (NP December 1995 )NP )PP )PP , (NP Galileo )NP (VP will (VP begin (NP (NP a two-year tour )NP (PP of (NP the *UNKC *UNK )NP )PP )NP )VP )VP . )S  STOP
(S (PP In (NP 1979 )NP )PP , (NP two *UNKC spacecraft )NP (VP sent (ADVP back )ADVP (NP (NP stunning photos )NP (PP of (NP *UNKC *UNK *UNK and *UNKC )NP )PP (SBAR (WHNP that )WHNP (S (VP showed (S (NP them )NP (VP to (VP be (PP among (NP (NP the (ADJP most *UNKING )ADJP bodies )NP (PP in (NP the *UNK system )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The photos )NP (VP (VP showed (S (NP (NP active *UNK )NP (PP on (NP *UNK )NP )PP )NP (VP *UNKING (NP *UNK material )NP (PP (NP 190 miles )NP into (NP its atmosphere )NP )PP )VP )S )VP and (VP indicated (SBAR that (S (NP *UNKC )NP (VP may (VP have (NP (NP an ocean )NP (VP hidden (PP under (NP (NP a thick sheet )NP (PP of (NP ice )NP )PP )NP )PP )VP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP (NP Galileo 's )NP photos )NP (PP of (NP *UNKC )NP )PP )NP (VP (VP will (VP be (ADJP (ADJP (QP more than 1,000 times )QP as sharp )ADJP (PP as (NP *UNKC 's )NP )PP )ADJP , (PP according (PP to (NP (NP *UNKC Johnson )NP , (NP (NP Galileo 's )NP project scientist )NP )NP )PP )PP )VP )VP , and (VP may (VP show (SBAR whether (S (NP it )NP (ADVP actually )ADVP (VP has (NP (NP the only known ocean )NP (PP other than (NP (NP those )NP (PP on (NP Earth )NP )PP )NP )PP )NP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP Atlantis )NP (VP (VP lifted (NP Galileo )NP (PP from (NP the launch *UNK )NP )PP (PP at (NP *UNKN p.m. EDT )NP )PP )VP and (VP released (NP the *UNK )NP (PP from (NP its cargo bay )NP )PP (ADVP (NP (QP about six )QP hours )NP later )ADVP )VP )VP . )S  STOP
(S `` (S (NP Galileo )NP (VP is (PP on (NP (NP its way )NP (PP to (NP another world )NP )PP )NP )PP (PP in (NP (NP the hands )NP (PP of (NP (NP the best flight *UNK )NP (PP in (NP this world )NP )PP )NP )PP )NP )PP )VP )S , '' (NP Atlantis *UNKC Donald Williams )NP (VP said )VP . )S  STOP
(S `` (VP *UNKLY (ADVP *UNKLY )ADVP )VP . '' )S  STOP
(S (NP The *UNK- Atlantis crew )NP (VP will (VP conduct (NP (NP several experiments )NP , (PP including (S (VP (VP growing (NP plants )NP )VP and (VP processing (NP *UNK materials )NP )VP (PP in (NP space )NP )PP )VP )S )PP , )NP (PP before (NP (NP their scheduled landing )NP (PP at (NP (NP Edwards Air Force *UNKC )NP , (NP Calif. )NP , )NP )PP (NP Monday )NP )NP )PP )VP )VP . )S  STOP
(S (S (NP The Galileo project )NP (VP started (PP in (NP 1977 )NP )PP )VP )S , and (S (NP (NP a number )NP (PP of (NP project *UNK )NP )PP )NP (VP were (PP on (NP hand )NP )PP (S (VP to (VP watch (NP the launch )NP )VP )VP )S )VP )S . )S  STOP
(S (NP An *UNK Mr. Johnson )NP , (S (VP (VP wearing (NP a NASA baseball cap )NP )VP and (VP carrying (NP (NP a camera )NP and (NP *UNK )NP )NP )VP )VP )S , (VP called (S (NP the launch )NP `` (ADJP *UNK )ADJP )S )VP . '' )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP manager )NP (PP of (NP the Galileo probe )NP )PP )NP , )NP (VP compared (NP it )NP (PP to (S (VP watching (S (NP a child )NP (VP leave (NP home )NP )VP )S )VP )S )PP )VP . )S  STOP
(S `` (S (NP I )NP (VP 'm (ADJP happy and sad )ADJP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP *UNKC activists )NP (VP took (NP a (ADJP less positive )ADJP view )NP )VP . )S  STOP
(S (S (VP Having (VP argued (SBAR that (S (NP (NP Galileo 's )NP *UNK power source )NP (VP could (VP have (VP released (NP (NP *UNK *UNK )NP (PP of (NP radiation )NP )PP )NP (SBAR if (S (NP the shuttle )NP (VP exploded (NP yesterday )NP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP )VP )S , (NP they )NP (VP were n't (VP *UNKED (PP by (NP (NP yesterday 's )NP successful launch )NP )PP )VP )VP . )S  STOP
(S (NP Galileo )NP (VP will (VP *UNK (PP past (NP Earth )NP )PP (PP in (NP 1990 and 1992 )NP )PP , (S (VP collecting (NP energy )NP (PP from (NP (NP the planet 's )NP *UNK field )NP )PP (S (VP to (VP gain (NP (NP momentum )NP (PP for (NP (NP its trip )NP (PP to (NP Jupiter )NP )PP )NP )PP )NP )VP )VP )S )VP )S )VP )VP . )S  STOP
(S (NP The protesters )NP (VP point (PRT out )PRT (SBAR that (S (NP Galileo )NP (ADVP also )ADVP (VP could (VP crash (PP to (NP Earth )NP )PP (ADVP then )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP said (SBAR (S (NP they )NP (VP dropped (NP plans (S (VP to (VP *UNK (NP the Kennedy Space Center )NP )VP )VP )S )NP (SBAR after (S (NP NASA )NP (VP *UNKED (PRT up )PRT (NP its security )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (S (NP One protest )NP (VP did (VP get (PP past (NP (NP NASA 's )NP guard )NP )PP , (ADVP though )ADVP )VP )VP )S ; (S (NP a computer virus )NP (VP caused (S (NP *UNK- messages )NP (VP to (VP *UNK (PP onto (NP some computer screens )NP )PP (PP at (NP NASA centers )NP )PP )VP )VP )S )VP )S . )S  STOP
(S (NP The successful launch )NP (VP continues (NP (NP a remarkable recovery )NP (PP in (NP the U.S. *UNK- program )NP )PP )NP )VP . )S  STOP
(S (NP (NP An *UNKED spacecraft )NP , (NP *UNKC )NP , )NP (VP (VP (ADVP already )ADVP is (VP heading (PP to (NP *UNKC )NP )PP )VP )VP and (VP is (ADJP due (S (VP to (VP begin (S (VP *UNKING (NP the planet )NP )VP )S (NP next August )NP )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (NP *UNKC 2 )NP (VP sent (ADVP back )ADVP (NP (NP spectacular photos )NP (PP of (NP (NP *UNKC )NP and (NP (NP its *UNK )NP , (NP *UNKC )NP , )NP )NP )PP )NP (NP this summer )NP )VP . )S  STOP
(S (NP Next month )NP , (NP NASA )NP (VP plans (S (VP to (VP launch (NP (NP a satellite )NP (SBAR (S (VP to (VP study (NP (NP *UNK *UNK )NP (VP *UNKING (PP from (NP (NP the birth )NP (PP of (NP the *UNK )NP )PP )NP )PP )VP )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (PP In (NP December )NP )PP , (NP the shuttle Columbia )NP (VP will (VP try (S (VP to (VP *UNK (NP (NP a satellite )NP (SBAR (WHNP that )WHNP (S (VP 's (VP been (PP in (NP *UNK )NP )PP (PP for (NP (QP nearly five )QP years )NP )PP (S (VP measuring (NP (NP the *UNK effects )NP (PP of (NP space )NP )PP (PP on (NP materials and instruments )NP )PP )NP )VP )S )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Next March )NP , (NP the shuttle *UNKC )NP (VP will (VP launch (NP (NP the *UNKC space *UNK )NP , (NP (NP a (ADJP (QP $ 1.5 billion )QP )ADJP instrument )NP (VP designed (S (VP to (VP see (NP (NP the *UNK *UNK )NP (PP in (NP the *UNK )NP )PP )NP )VP )VP )S )VP )NP )NP )VP )VP . )S  STOP
(S (NP (NP Not all )NP (PP of (NP (NP NASA 's )NP *UNK- work )NP )PP )NP (VP will (VP be (ADJP so *UNK )ADJP , (ADVP though )ADVP )VP )VP . )S  STOP
(S (PP *UNKC (NP *UNKING )NP )PP , (NP (NP the Solar Max satellite )NP , (SBAR (WHNP which )WHNP (S (NP NASA )NP (VP *UNKED (PP in (NP *UNK )NP )PP (PP in (NP 1984 )NP )PP )VP )S )SBAR , )NP (VP will (VP tumble (ADVP back )ADVP (PP into (NP (NP the Earth 's )NP atmosphere )NP )PP )VP )VP . )S  STOP
(S (S (NP NASA )NP (VP wo n't (VP attempt (NP a rescue )NP )VP )VP )S ; (S (ADVP instead )ADVP , (NP it )NP (VP will (VP try (S (VP to (VP predict (SBAR (SBAR whether (S (NP (NP any )NP (PP of (NP the rubble )NP )PP )NP (VP will (VP *UNK (PP to (NP the ground )NP )PP )VP )VP )S )SBAR and (SBAR (WHADVP where )WHADVP )SBAR )SBAR )VP )VP )S )VP )VP )S . )S  STOP
(S (NP (NP The Associated Press 's )NP earthquake coverage )NP (VP drew (NP attention )NP (PP to (NP (NP a phenomenon )NP (SBAR (WHNP that )WHNP (S (VP deserves (NP (NP some thought )NP (PP by (NP (NP public officials )NP and (NP other policy makers )NP )NP )PP )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP Private relief agencies )NP , (PP such as (NP the (NX (NX *UNKC Army )NX and (NX Red Cross )NX )NX )NP )PP , )NP (VP *UNKED (ADVP almost *UNKLY )ADVP (S (VP to (VP help (NP people )NP )VP )VP )S , (SBAR while (S (NP the Washington bureaucracy )NP `` (VP took (NP hours )NP (S (VP getting (PP into (NP gear )NP )PP )VP )S )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP One news show )NP (SBAR (S (NP we )NP (VP saw (NP yesterday )NP )VP )S )SBAR )NP (ADVP even )ADVP (VP displayed (S (NP 25 federal officials )NP (VP meeting (PP around (NP a table )NP )PP )VP )S )VP . )S  STOP
(S (NP We )NP (VP recall (SBAR that (S (NP (NP the mayor )NP (PP of (NP Charleston )NP )PP )NP (VP complained (ADVP *UNKLY )ADVP (PP about (NP (NP (NP the federal bureaucracy 's )NP response )NP (PP to (NP Hurricane Hugo )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The sense )NP (VP grows (SBAR that (S (NP modern public *UNK )NP (ADVP simply )ADVP (VP do n't (VP perform (NP their assigned functions )NP (ADVP well )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Bally Manufacturing Corp. )NP and (NP New York developer Donald Trump )NP )NP (VP have (VP agreed (PP in (NP principle )NP )PP (PP to (NP (NP a (ADJP (QP $ 6.5 million )QP )ADJP settlement )NP (PP of (NP (NP shareholder litigation )NP (VP stemming (PP from (NP (NP (NP Bally 's )NP alleged *UNK payment )NP (PP to (NP Mr. Trump )NP )PP )NP )PP )VP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP According (PP to (NP (NP lawyers )NP (ADJP familiar (PP with (NP the settlement talks )NP )PP )ADJP )NP )PP )PP , (NP the *UNK agreement (S (VP to (VP end (NP (NP a lawsuit )NP (VP filed (ADVP (NP (QP more than two )QP years )NP ago )ADVP )VP )NP )VP )VP )S )NP (VP (VP was (VP reached (NP last week )NP )VP )VP and (VP will (ADVP soon )ADVP (VP be (VP submitted (PP to (NP (NP a federal judge )NP (PP in (NP (NP *UNKC )NP , (NP N.J )NP )NP )PP )NP )PP )VP )VP )VP )VP . )S  STOP
(S (PP In (NP February 1987 )NP )PP , (NP Bally )NP (VP *UNKED (NP (NP a possible hostile takeover bid )NP (PP from (NP Mr. Trump )NP )PP )NP (PP by (S (VP agreeing (S (VP to (VP buy (NP (NP (QP 2.6 million )QP )NP (PP of (NP (NP Mr. Trump 's )NP (NP (QP 3.1 million )QP Bally shares )NP )NP )PP )NP (PP for (NP (NP (QP $ *UNKN million )QP )NP -- (PP (NP (QP more than $ 18 million )QP )NP above (NP market price )NP )PP )NP )PP )VP )VP )S )VP )S )PP )VP . )S  STOP
(S (NP (NP The term )NP (NP *UNK )NP )NP (VP *UNK (PP to (NP (NP a situation )NP (SBAR (WHADVP where )WHADVP (S (NP a company )NP (VP pays (NP (NP a premium )NP (PP over (NP market value )NP )PP )NP (S (VP to (VP repurchase (NP (NP a stake )NP (VP held (PP by (NP a potential *UNK )NP )PP )VP )NP )VP )VP )S )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP Lawyers )NP (PP for (NP (NP shareholders )NP , (NP Bally )NP and (NP Mr. Trump )NP )NP )PP )NP all (VP declined (S (VP to (VP talk (ADVP publicly )ADVP (PP about (NP the proposed settlement )NP )PP )VP )VP )S , (S (VP citing (NP (NP a request )NP (PP by (NP a federal court *UNK )NP )PP (S not (VP to (VP reveal (NP (NP details )NP (PP of (NP the agreement )NP )PP )NP (SBAR until (S (NP it )NP (VP is (VP completed )VP )VP )S )SBAR )VP )VP )S )NP )VP )S )VP . )S  STOP
(S But (NP (NP some attorneys )NP (SBAR (WHNP who )WHNP (S (VP are (ADJP familiar (PP with (NP the matter )NP )PP )ADJP )VP )S )SBAR )NP (VP said (SBAR (S (NP the (ADJP (QP $ 6.5 million )QP )ADJP payment )NP (VP will (VP be (VP shared (PP by (NP (NP Bally )NP and (NP Mr. Trump )NP )NP )PP , (PP with (S (NP the casino and hotel concern )NP (ADVP probably )ADVP (VP paying (NP (NP the bulk )NP (PP of (NP the money )NP )PP )NP )VP )S )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The amount )NP (SBAR (S (NP (NP Bally )NP and (NP Mr. Trump )NP )NP (VP will (VP pay (S (VP to (VP settle (NP the class-action suit )NP )VP )VP )S )VP )VP )S )SBAR )NP (VP *UNK (PP in (NP (NP comparison )NP (PP to (NP (NP the (QP $ 45 million )QP )NP (SBAR (S (NP (NP Walt Disney Co. )NP and (NP (NP *UNKC *UNKC 's )NP *UNKC Group Holdings Inc. )NP )NP (VP agreed (S (VP to (VP pay (S (VP to (VP settle (NP a similar suit )NP )VP )VP )S )VP )VP )S (PP in (NP July )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP That settlement )NP (VP represented (NP (NP the first time )NP (SBAR (S (NP shareholders )NP (VP were (VP granted (NP a major payment )NP (PP in (NP a *UNK case )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Mr. Steinberg )NP (VP made (NP a (ADJP (QP $ *UNKN million )QP )ADJP profit )NP (PP on (NP (NP the sale )NP (PP to (NP Disney )NP )PP (PP of (NP (NP his investment )NP (PP in (NP the company )NP )PP )NP )PP )NP )PP (PP in (NP 1984 )NP )PP )VP . )S  STOP
(S But (NP lawyers )NP (VP said (SBAR (S (NP Mr. Steinberg )NP (ADVP probably )ADVP (VP faced (NP (ADJP much more )ADJP potential liability )NP (SBAR because , (S (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP sued (NP Disney )NP (PP during (NP his takeover battle )NP )PP )VP )S )SBAR , (NP he )NP (VP filed (PP on (NP (NP behalf )NP (PP of (NP all shareholders )NP )PP )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP Disney )NP (VP offered (S (VP to (VP pay (NP Mr. Steinberg )NP (NP a premium )NP (PP for (NP his shares )NP )PP )VP )VP )S )VP )S )SBAR , (NP the New York investor )NP (VP did n't (VP demand (SBAR (S (NP the company )NP (ADVP also )ADVP (VP pay (NP a premium )NP (PP to (NP other shareholders )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP Mr. Trump )NP (VP sued (NP Bally )NP )VP )S )SBAR , (NP he )NP (VP sued (PP (ADVP only )ADVP on (NP (NP behalf )NP (PP of (NP himself )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Mr. Trump )NP and (NP Bally )NP )NP (ADVP also )ADVP (VP appeared (S (VP to (VP have (NP some leverage )NP (PP in (NP the case )NP )PP (SBAR because (S (PP in (NP (NP the state )NP (PP of (NP (NP Delaware )NP , (SBAR (WHADVP where )WHADVP (S (NP Bally )NP (VP is (ADJP *UNKED )ADJP )VP )S )SBAR , )NP )PP )NP )PP (NP courts )NP (VP have (VP held (SBAR that (S (NP *UNK )NP (VP is (ADVP often )ADVP (VP protected (PP by (NP the *UNK- rule )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP That rule )NP (VP gives (NP (NP boards )NP (PP of (NP directors )NP )PP )NP (NP wide *UNK )NP (PP in (S (VP deciding (SBAR (WHADVP how )WHADVP (S (VP to (VP deal (PP with (NP dissident shareholders )NP )PP )VP )VP )S )SBAR )VP )S )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP *UNKC (NP final arguments )NP (PP in (NP (NP impeachment trial )NP (PP of (NP federal judge )NP )PP )NP )PP )VP . )S  STOP
(S (NP Yesterday )NP , (NP U.S. Judge *UNKC Hastings )NP (VP (VP faced (NP (NP his jury )NP (PRN -- (NP the full U.S. Senate )NP -- )PRN )NP )VP and (VP said , `` (S (NP I )NP (VP am not (ADJP guilty (PP of (S (VP having (VP committed (NP any crime )NP )VP )VP )S )PP )ADJP )VP )S )VP )VP . '' )S  STOP
(S (NP (NP *UNKC articles )NP (PP of (NP impeachment )NP )PP (PP against (NP (NP the Florida judge )NP , (NP (NP one )NP (PP of (NP (NP the few blacks )NP (PP on (NP the U.S. bench )NP )PP )NP )PP )NP , )NP )PP )NP (VP were (VP approved (PP by (NP the House )NP )PP (PP in (NP August 1988 )NP )PP )VP )VP . )S  STOP
(S (NP (NP The central charge )NP (PP against (NP Judge Hastings )NP )PP )NP (VP is (SBAR that (S (NP he )NP (VP *UNKED (PP with (NP a Washington lawyer )NP )PP (S (VP to (VP obtain (NP a (ADJP $ 150,000 )ADJP bribe )NP (PP from (NP (NP defendants )NP (PP in (NP (NP a criminal case )NP (PP before (NP the judge )NP )PP )NP )PP )NP )PP , (PP in (NP (NP return )NP (PP for (NP *UNK )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP is (ADVP also )ADVP (VP accused (PP (PP of (S (VP lying (PP under (NP *UNK )NP )PP )VP )S )PP and (PP of (S (VP *UNKING (NP (NP information )NP (VP obtained (PP from (NP (NP a *UNK )NP (SBAR (S (NP he )NP (VP *UNKED )VP )S )SBAR )NP )PP )VP )NP )VP )S )PP )PP )VP )VP . )S  STOP
(S (NP (NP The Senate 's )NP public gallery )NP (VP was (ADJP packed (PP with (NP (NP (NP Judge Hastings ' )NP supporters )NP , (SBAR (WHNP who )WHNP (S (VP *UNKED (PP into (NP *UNK )NP )PP (SBAR after (S (NP he )NP (VP finished (NP his argument )NP )VP )S )SBAR )VP )S )SBAR )NP )PP )ADJP )VP . )S  STOP
(S (NP (NP Judge Hastings )NP , (SBAR (WHNP who )WHNP (S (VP was (VP *UNKED (PP of (NP similar charges )NP )PP (PP by (NP a federal jury )NP )PP (PP in (NP 1983 )NP )PP )VP )VP )S )SBAR , )NP (VP claims (SBAR (SBAR (S (NP he )NP (VP is (VP being (VP *UNKED )VP )VP )VP )S )SBAR and (SBAR that (S (NP (NP the impeachment proceedings )NP (PP against (NP him )NP )PP )NP (VP constitute (NP double *UNK )NP )VP )S )SBAR )SBAR )VP . )S  STOP
(S But (NP (NP (NP Rep. John Bryant )NP (PRN -LRB- (NP (NP D. )NP , (NP Texas )NP )NP -RRB- )PRN )NP , (NP (NP the lead counsel )NP (PP for (NP (NP the House managers )NP (SBAR (WHNP who )WHNP (S (VP conducted (NP (NP a lengthy inquiry )NP (PP into (NP (NP Judge Hastings ' )NP activities )NP )PP )NP )VP )S )SBAR )NP )PP )NP , )NP (VP said `` (S (NP (NP a mountain )NP (PP of (NP evidence )NP )PP )NP (VP points (PP to (NP his certain *UNK )NP )PP )VP )S )VP . '' )S  STOP
(S (NP The Senate )NP (VP (VP will (VP *UNK (PP behind (NP closed doors )NP )PP (NP today )NP )VP )VP and (VP is (VP scheduled (S (VP to (VP vote (PP on (NP the impeachment )NP )PP (NP tomorrow )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (SBAR If (S (NP the judge )NP (VP is (VP *UNKED )VP )VP )S )SBAR , (SBAR as (S (VP is (VP thought (S (ADJP likely )ADJP )S )VP )VP )S )SBAR , (NP he )NP (VP will (VP be (VP removed (PP from (NP office )NP )PP (ADVP immediately )ADVP )VP )VP )VP . )S  STOP
(S (ADVP However )ADVP , (NP Judge Hastings )NP (VP has (VP said (SBAR (S (NP he )NP (VP (VP will (VP continue (S (VP to (VP fight )VP )VP )S )VP )VP and (VP is (VP *UNKING (NP (NP an appeal )NP (PP of (NP any impeachment )NP )PP (PP to (NP the U.S. Supreme Court )NP )PP )NP )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (VP *UNKC (S (VP to (VP make (S (NP insurers )NP (VP pay (PP for (NP pollution cleanup )NP )PP )VP )S )VP )VP )S )VP )NP (VP win (NP court victory )NP )VP . )S  STOP
(S (PP In (NP (NP a case )NP (VP involving (NP (NP *UNKC Industries Inc. )NP and (NP (NP its insurer )NP , (NP Travelers Cos. )NP , )NP )NP )VP )NP )PP (NP (NP the Second U.S. Circuit Court )NP (PP of (NP Appeals )NP )PP (PP in (NP New York )NP )PP )NP (VP ruled (PP in (NP (NP favor )NP (PP of (NP the company )NP )PP )NP )PP (PP on (NP (NP two issues )NP (SBAR (WHNP that )WHNP (S (NP lawyers )NP (VP say (SBAR (S (VP are (ADJP central (PP to (NP (NP dozens )NP (PP of (NP (NP pollution cases )NP (PP around (NP the country )NP )PP )NP )PP )NP )PP )ADJP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP Travelers )NP and (NP other insurers )NP )NP (VP have (VP maintained (SBAR that (S (NP cleanup costs )NP (VP (VP are n't (NP damages )NP )VP and (ADVP thus )ADVP (VP are n't (VP covered (PP under (NP commercial policies )NP )PP )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (S (NP They )NP (ADVP also )ADVP (VP have (VP argued (SBAR that (S (NP (NP government proceedings )NP (VP *UNKING (NP a company )NP (PP of (NP potential responsibility )NP )PP )VP )NP (VP do n't (VP fit (NP (NP the legal definition )NP (PP of (NP a lawsuit )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S ; (S (ADVP thus )ADVP , (NP such *UNK proceedings )NP (VP are n't (VP covered (PP by (NP the policies )NP )PP )VP )VP )S )S , (NP the insurers )NP (VP say )VP . )S  STOP
(S (NP The appeals court )NP (VP *UNKED (PP on (NP both counts )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP was (VP notified (PP by (NP Louisiana officials )NP )PP (PP in (NP 1986 )NP )PP (SBAR that (S (NP it )NP (VP was (ADJP potentially responsible )ADJP (PP for (NP (NP a cleanup )NP (PP at (NP an *UNKING plant )NP )PP )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP asked (NP Travelers )NP (S (VP to (VP defend (NP it )NP (PP in (NP the state proceeding )NP )PP )VP )VP )S )VP )S , but (S (NP the insurer )NP (VP did n't (VP respond )VP )VP )S . )S  STOP
(S (NP The appeals court )NP (VP upheld (NP (NP a district judge 's )NP ruling (SBAR that (S (NP the insurer )NP (VP had (VP to (VP defend (NP the company )NP (PP in (NP such proceedings )NP )PP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The appeals court )NP (ADVP also )ADVP (VP said , (SBAR `` (S (NP We )NP (VP think (SBAR (S (NP (NP an ordinary businessman )NP (VP reading (NP this policy )NP )VP )NP (VP would (VP have (VP believed (S (NP himself )NP (ADJP covered (PP for (NP (NP the (NX (NX demands )NX and (NX potential damage claims )NX )NX )NP '' (VP stemming (PP from (NP any cleanup )NP )PP )VP )NP )PP )ADJP )S )VP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S `` (NP This decision )NP (VP will (VP have (NP a (ADJP very considerable )ADJP impact )NP (PRN , '' (SINV (VP said )VP (NP (NP Kenneth *UNKC )NP , (NP (NP professor )NP (PP of (NP (NP environmental law )NP and (NP insurance law )NP )NP )PP (PP at (NP (NP the University )NP (PP of (NP Virginia )NP )PP )NP )PP )NP )NP )SINV , )PRN (SBAR because (S (NP many commercial insurance policies )NP (VP are (VP issued (PP by (NP (NP companies )NP (VP based (PP in (NP New York )NP )PP )VP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP William *UNKC )NP , (NP (NP an attorney )NP (PP for (NP the Chemical Manufacturers Association )NP )PP )NP , )NP (VP said (SBAR that (S (SBAR while (S (NP other appeals courts )NP (VP have (VP ruled (ADVP differently )ADVP (PP on (SBAR whether (S (NP cleanup costs )NP (VP are (NP damages )NP )VP )S )SBAR )PP )VP )VP )S )SBAR , (NP (NP the influence )NP (PP of (NP (NP the appeals court )NP (PP in (NP New York )NP )PP )NP )PP )NP `` (VP will (VP make (S (NP insurers )NP (VP (VP sit (ADVP up )ADVP )VP and (VP listen )VP )VP )S )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP the decision )NP (VP was (NP (NP the first )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP a federal appeals court )NP (VP has (VP ruled (SBAR whether (S (NP administrative government proceedings )NP (VP qualify (PP as (NP litigation )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Barry R. *UNKC )NP , (NP (NP an attorney )NP (PP for (NP Travelers )NP )PP )NP , )NP (VP said , `` (S (NP there )NP (VP are (NP (NP procedural bases )NP (SBAR (WHPP on (WHNP which )WHNP )WHPP (S (NP this case )NP (VP will (VP be (VP appealed (ADVP further )ADVP )VP )VP )VP )S )SBAR )NP )VP )S )VP . '' )S  STOP
(S (NP (NP NEW *UNKC 'S )NP poor )NP (VP face (NP (NP (QP nearly three million )QP legal problems )NP (NP a year )NP )NP (PP without (NP legal help )NP )PP )VP . )S  STOP
(S (NP That )NP (VP is (NP (NP the conclusion )NP (PP of (NP (NP a report )NP (VP released (PP by (NP the New York State Bar Association )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(S (NP The report )NP (VP was (VP based (PP on (NP (NP (NP a telephone survey )NP (PP of (NP (NP *UNKN low-income households )NP (PP across (NP the state )NP )PP )NP )PP )NP , (NP (NP a mail survey )NP (PP of (NP major *UNK- programs )NP )PP )NP and (NP (NP *UNK- interviews )NP (PP with (NP (NP individuals )NP (PP in (NP the field )NP )PP )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP The report )NP (VP (VP provides (NP (NP detailed *UNK )NP (PP of (NP (NP the extent and nature )NP (PP of (NP the problem )NP )PP )NP )PP )NP )VP and (VP indicates (SBAR (WHADVP how )WHADVP (S (NP we )NP (VP may (VP want (S (VP to (VP shape (NP solutions )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP )S , '' (VP said )VP (NP (NP Joseph *UNKC )NP , (NP (NP (NP chairman )NP (PP of (NP (NP the committee )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP the survey )NP )VP )S )SBAR )NP )PP )NP and (NP (NP a partner )NP (PP at (NP (NP the law firm )NP (PP of (NP *UNKC , *UNKED , *UNKC & *UNKC )NP )PP )NP )PP )NP )NP )NP . )SINV  STOP
(S (PP According (PP to (NP the study )NP )PP )PP , (NP (NP (QP slightly more than 34 )QP % )NP (PP of (NP (NP those )NP (VP surveyed )VP )NP )PP )NP (VP reported (S (VP having (NP (NP (QP at least one )QP housing problem )NP )NP (NP every year )NP (SBAR (WHPP for (WHNP which )WHNP )WHPP (S (NP they )NP (VP had (NP no legal help )NP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP (QP Nearly 36 )QP % )NP (VP *UNKED (NP housing problems )NP (PP as (NP their (ADJP most serious )ADJP *UNK legal need )NP )PP )VP . )S  STOP
(S (NP (NP Other areas )NP (VP targeted (PP by (NP (NP the survey 's )NP respondents )NP )PP )VP )NP (VP included (NP (NP (NP difficulty )NP (S (VP obtaining or maintaining (NP public benefits )NP )VP )S (PRN -LRB- (NP 22 % )NP -RRB- )PRN )NP , (NP (NP consumer fraud )NP (PRN -LRB- (NP *UNKN % )NP -RRB- )PRN )NP , and (NP (NP health-care issues )NP (PRN -LRB- (NP 15 % )NP -RRB- )PRN )NP )NP )VP . )S  STOP
(S (PP During (NP the *UNK- survey )NP )PP , (NP (NP 43 % )NP (PP of (NP all *UNK- programs )NP )PP )NP (VP said (SBAR that (S (PP at (NP some period )NP )PP (NP they )NP (VP were (ADJP unable (S (VP to (VP accept (NP new clients )NP )VP )VP )S )ADJP (SBAR unless (S (NP they )NP (VP had (NP an emergency )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP the committee )NP (VP may (VP meet (S (VP to (VP propose (NP (NP solutions )NP (PP to (NP (NP the problems )NP (VP identified (PP in (NP the study )NP )PP )VP )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP *UNK (VP *UNKC (NP *UNKC *UNKC )NP )VP )VP : )S  STOP
(S (NP (NP Assistant U.S. Attorney *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP headed (NP (NP (NP the government 's )NP racketeering case )NP (PP against (NP (NP the International *UNKC )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP )VP )S )SBAR , )NP (VP will (VP join (NP *UNKC , *UNKC & *UNKC )NP (PP in (NP its New York office )NP )PP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP has (VP been (PP with (NP (NP the New York U.S. attorney 's )NP office )NP )PP (PP for (NP (QP nearly five )QP years )NP )PP )VP )VP . )S  STOP
(S (PP In (NP 1987 )NP )PP (NP he )NP (VP became (NP (NP deputy chief )NP (PP of (NP the civil division )NP )PP )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP will (VP do (NP (NP civil litigation )NP and (NP white-collar defense work )NP )NP (PP for (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP is (VP based (PP in (NP Los Angeles )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC *UNKC *UNKC Inc. general counsel John P. *UNKC )NP (VP has (VP joined (NP (NP the (NAC Phoenix , Ariz. , )NAC law firm )NP (PP of (NP Brown & *UNKC )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (NP 51 )NP , )NP (VP will (VP *UNK (PP in (NP (NP corporate law )NP and (NP international law )NP )NP )PP (PP at (NP the *UNK- firm )NP )PP )VP )VP . )S  STOP
(S (PP Before (S (VP joining (NP Apple )NP (PP in (NP 1986 )NP )PP )VP )S )PP , (NP Mr. *UNKC )NP (VP served (PP as (NP general counsel )NP )PP (PP at (NP Sperry Corp )NP )PP )VP . )S  STOP
(S (PP After (S (VP failing (S (VP to (VP find (NP (NP a buyer )NP (PP for (NP (NP the Sears Tower )NP (PP in (NP Chicago )NP )PP )NP )PP )NP )VP )VP )S )VP )S )PP , (NP Sears , Roebuck & Co. )NP (VP is (VP negotiating (PP with (NP Boston pension fund adviser *UNKC , Eastman & *UNKC Inc. )NP )PP (S (VP to (VP *UNK (NP the property )NP (PP for (NP (QP close to $ 850 million )QP )NP )PP )VP )VP )S , (PP according (PP to (NP (NP people )NP (ADJP close (PP to (NP the negotiations )NP )PP )ADJP )NP )PP )PP )VP )VP . )S  STOP
(S (PP Under (NP (NP the proposed agreement )NP (VP involving (NP (NP the world 's )NP *UNK building )NP )VP )NP )PP , (NP Chicago-based Sears )NP (VP would (VP (VP receive (NP (QP about half )QP the money )NP (PP through (NP conventional mortgage financing )NP )PP )VP and (VP (NP the other half )NP (PP as (NP a convertible mortgage )NP )PP )VP )VP )VP . )S  STOP
(S (PP At (NP (NP the end )NP (PP of (NP (NP the term )NP (PP of (NP the convertible loan )NP )PP )NP )PP )NP )PP , (S (NP Sears )NP (VP could (ADVP still )ADVP (VP own (NP half the building )NP )VP )VP )S , and (S (NP *UNKC )NP (VP could (VP own (NP the other half )NP )VP )VP )S . )S  STOP
(S (NP Neither side )NP (VP would (VP comment )VP )VP . )S  STOP
(S (NP The parties )NP (VP are (ADVP currently )ADVP (VP negotiating (PP over (SBAR (WHNP who )WHNP (S (VP would (VP manage (NP (NP the building )NP , (SBAR (WHNP which )WHNP (S (VP will (VP be (VP *UNKED (PP of (NP (NP 6,000 employees )NP (PP from (NP (NP (NP Sears ' )NP merchandise group )NP , (SBAR (WHNP which )WHNP (S (VP is (VP moving (ADVP elsewhere )ADVP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )PP )VP )VP . )S  STOP
(S (NP The new manager )NP (VP will (VP face (NP (NP the *UNKING task )NP (PP of (S (VP leasing (NP (QP 1.8 million )QP square feet )NP (PP in (NP a (ADJP relatively soft )ADJP Chicago real estate market )NP )PP )VP )S )PP )NP )VP )VP . )S  STOP
(S (ADVP Also )ADVP , (NP (NP it )NP )NP (VP has not (ADVP yet )ADVP (VP been (VP decided (SBAR (WHNP (WHNP exactly how much )WHNP (PP of (NP the mortgage )NP )PP )WHNP (S (NP *UNKC )NP (VP will (VP be (ADJP able (S (VP to (VP convert (PP into (NP equity )NP )PP )VP )VP )S )ADJP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP Convertible mortgages )NP (VP have (VP become (NP (NP an (ADJP increasingly popular )ADJP way )NP (SBAR (S (VP to (VP finance (NP *UNK buildings )NP (PP of (ADVP late )ADVP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (PP In (NP a convertible mortgage )NP )PP , (NP the investor )NP (VP *UNK (NP the building owner )NP (NP a certain amount )NP (PP in (NP (NP return )NP (PP for (NP the option (S (VP to (VP convert (NP its interest )NP (PP into (NP (NP equity )NP , (ADVP usually )ADVP (NP (QP less than 50 )QP % )NP , )NP )PP (PP at (NP (NP the end )NP (PP of (NP the loan term )NP )PP )NP )PP )VP )VP )S )NP )PP )NP )PP )VP . )S  STOP
(S (PP During (NP the term )NP )PP , (NP the lender )NP (VP can (VP (ADVP either )ADVP receive (NP (NP (NP a percentage )NP (PP of (NP cash flow )NP )PP )NP , (NP (NP a percentage )NP (PP of (NP (NP the building 's )NP appreciation )NP )PP )NP or (NP a fixed return )NP )NP )VP )VP . )S  STOP
(S (NP (NP The main advantage )NP (PP of (NP a convertible mortgage )NP )PP )NP (VP is (SBAR that (S (NP it )NP (VP (VP is not (NP a sale )NP )VP and (ADVP therefore )ADVP (VP does not (VP trigger (NP costly (NX (NX transfer taxes )NX and (NX *UNK )NX )NX )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Sears )NP (VP said (SBAR (S (NP it )NP (VP would (VP put (NP the *UNK- tower )NP (PP on (NP the block )NP )PP )VP )VP )S )SBAR (ADVP (NP almost a year )NP ago )ADVP (PP as (NP (NP part )NP (PP of (NP its anti-takeover restructuring )NP )PP )NP )PP )VP . )S  STOP
(S But (NP Japanese institutions )NP (VP *UNKED (ADVP away )ADVP (PP from (S (VP bidding (PP on (NP the *UNK- tower )NP )PP )VP )S )PP (PP out (PP of (NP fear (SBAR (S (NP (NP their purchase )NP (PP of (NP the property )NP )PP )NP (VP would (VP trigger (NP *UNK- sentiment )NP )VP )VP )S )SBAR )NP )PP )PP )VP . )S  STOP
(S (NP Last summer )NP , (NP Sears )NP (VP appeared (S (VP to (VP have (NP (NP a deal )NP (PP with (NP Canadian developer Olympia & York Developments Ltd )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S But (NP that deal )NP (VP fell (ADVP through )ADVP (PP in (NP September )NP )PP (SBAR after (S (NP (NP it )NP )NP (VP became (ADJP clear )ADJP (SBAR that (S (NP the sale )NP (VP would (VP lead (PP to (NP a major real estate tax *UNK )NP )PP , (S (VP (VP raising (NP property taxes )NP )VP , and (VP making (S (NP (NP it )NP )NP (ADJP difficult )ADJP (S (VP to (VP lease (NP the building )NP (PP at (NP competitive prices )NP )PP )VP )VP )S )S )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Real estate industry executives )NP (VP said (SBAR (S (NP (NP (NP Sears ' )NP investment banker )NP , (NP Goldman , Sachs & Co. )NP , )NP (VP sought (NP financing )NP (PP in (NP Japan )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (ADVP However )ADVP , (NP Japanese authorities )NP (ADVP apparently )ADVP (VP were (ADJP concerned (SBAR that (S (NP a refinancing )NP (ADVP also )ADVP (VP would (VP attract (NP (ADJP too much )ADJP publicity )NP )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP Sears )NP (ADVP then )ADVP (VP went (ADVP back )ADVP (PP to (NP (NP *UNKC )NP , (NP (NP the Boston pension adviser )NP (SBAR (WHNP that )WHNP (S (VP had (VP proposed (NP a convertible debt deal )NP (PP during (NP (NP the first round )NP (PP of (NP bids )NP )PP (NP last spring )NP )NP )PP )VP )VP )S )SBAR )NP )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP has (NP (NP (QP $ 3.5 billion )QP )NP (PP of (NP real estate investments )NP )PP )NP (ADVP nationwide )ADVP , (PP according (PP to (NP a spokesman )NP )PP )PP )VP . )S  STOP
(S (NP Tandy Corp. )NP (VP said (SBAR (S (NP it )NP (VP signed (NP a definitive agreement (S (VP to (VP acquire (NP (NP two units )NP (PP of (NP (NP *UNKC AB )NP (PP of (NP Stockholm )NP )PP )NP )PP )NP (PP for (NP cash )NP )PP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The amount )NP (VP was n't (VP disclosed )VP )VP . )S  STOP
(S (NP The electronics maker and retailer )NP (ADVP previously )ADVP (VP estimated (NP (NP the sale price )NP )NP (PP at (NP (QP between $ 100 million and $ 200 million )QP )NP )PP (PP for (NP (NP *UNKC 's )NP (NX (NX Victor *UNK )NX and (NX *UNKC *UNK- computer subsidiaries )NX )NX )NP )PP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP Tandy )NP (VP will (VP acquire (NP (NP rights )NP (PP to (NP (NP the Victor and *UNKC names )NP (PP for (NP computers )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (PP During (NP 1988 )NP )PP , (NP the *UNKC subsidiaries )NP (VP had (NP (NP combined sales )NP (PP in (NP (NP excess )NP (PP of (NP (QP $ 200 million )QP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The transaction )NP (VP will (VP give (NP Tandy )NP (NP (NP a well-known European computer brand )NP (SBAR (WHNP that )WHNP (S (VP includes (NP (NP *UNKN dealers and distributors )NP (VP marketing (PP to (NP medium-sized (UCP business and educational )UCP institutions )NP )PP )VP )NP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (S (NP (NP *UNKING )NP (PP of (NP the transaction )NP )PP )NP (VP is (ADJP subject (PP to (NP certain (NX (NX conditions )NX and (NX regulatory approvals )NX )NX )NP )PP )ADJP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP (NP Two rules )NP (PP in (NP pending congressional legislation )NP )PP )NP (VP *UNK (S (VP to (VP *UNK (NP leveraged buy-outs )NP (PP by (S (VP raising (NP (NP the price *UNK )NP (PP of (NP such deals )NP )PP )NP (PP by (NP (QP as much as 10 )QP % )NP )PP )VP )S )PP )VP )VP )S )VP . )S  STOP
(S (NP Wall Street )NP (VP is (VP *UNKING (PP over (NP (NP the rules )NP , (SBAR (WHNP which )WHNP (S (VP would (VP curtail (NP (NP the tax *UNK )NP (PP of (NP (NP debt )NP (VP used (PP in (NP most LBOs )NP )PP )VP )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP The provisions )NP , (PP in (NP (NP deficit-reduction bills )NP (VP (ADVP recently )ADVP passed (PP by (NP the House and Senate )NP )PP )VP )NP )PP , )NP (VP could (VP (ADVP further )ADVP cool (NP (NP the takeover boom )NP (SBAR (WHNP that )WHNP (S (VP has (VP been (NP (NP the driving force )NP (PP behind (NP (NP the bull market )NP (PP in (NP stocks )NP )PP )NP )PP (PP for (NP (NP much )NP (PP of (NP the 1980s )NP )PP )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP )S , (NP some (NX (NX tax experts )NX and (NX investment bankers )NX )NX )NP (VP argue )VP . )S  STOP
(S (ADVP Indeed )ADVP , (NP some investment bankers )NP (VP have (ADVP already )ADVP (VP started (S (VP restructuring (NP deals )NP (S (VP to (VP cope (PP with (NP the expected rules )NP )PP )VP )VP )S )VP )S )VP )VP . )S  STOP
(S (NP Wall Street )NP (VP (VP has (VP (ADVP all but )ADVP conceded (PP on (NP the issue )NP )PP )VP )VP and (VP is (ADVP now )ADVP (VP lobbying (PP for (NP (NP the (ADJP less onerous )ADJP Senate version )NP (PP of (NP (NP one )NP (PP of (NP the provisions )NP )PP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(SINV (PP At (NP issue )NP )PP (VP is )VP (NP (NP the *UNK )NP (PP of (NP (NP certain junk bonds )NP (SBAR (WHNP that )WHNP (S (VP are (VP used (PP in (NP most LBOs )NP )PP )VP )VP )S )SBAR )NP )PP )NP . )SINV  STOP
(S (NP Such high-yield debt )NP (VP is (ADJP similar (PP to (NP a zero-coupon bond )NP )PP )ADJP (SBAR in that (S (NP it )NP (VP is (VP sold (PP at (NP (NP a discount )NP (PP to (NP face value )NP )PP )NP )PP , (PP with (S (NP interest )NP (VP (VP *UNKING )VP (CONJP instead of )CONJP (VP being (VP paid (PP to (NP the holder )NP )PP )VP )VP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Under (NP current rules )NP )PP , (NP that accrued interest )NP (VP is (ADJP deductible (PP by (NP (NP the company )NP (VP issuing (NP the debt )NP )VP )NP )PP )ADJP )VP . )S  STOP
(S (NP (NP The House version )NP (PP of (NP the legislation )NP )PP )NP (VP would (VP (VP kill (NP that deduction )NP )VP , and (VP label (NP any such debt )NP (PP as (NP (NP equity )NP , (SBAR (WHNP which )WHNP (S (VP is n't (ADJP deductible )ADJP )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S (NP The *UNK- Senate version )NP (VP would (VP defer (NP the *UNK )NP (PP for (NP (QP roughly five )QP years )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP You )NP (VP see (NP these )NP (PP in (NP (ADJP (ADVP just about )ADVP every )ADJP LBO )NP )PP )VP )S , '' (VP said )VP (NP (NP Robert *UNKC )NP , (NP (NP senior vice president )NP (PP in (NP (NP charge )NP (PP of (NP tax issues )NP )PP )NP )PP (PP at (NP (NP Shearson Lehman Hutton Inc. )NP (PP in (NP New York )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP It )NP (VP becomes (NP (NP a source )NP (PP of (NP cash )NP '' )PP (PP for (NP (NP the company )NP (VP making (NP the LBO )NP )VP )NP )PP )NP (SBAR because (S (NP it )NP (VP (VP gets (NP a deduction )NP )VP and (VP does n't (VP have (S (VP to (VP repay (NP the debt )NP )VP )VP )S (PP for (NP several years )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Typically )ADVP (PRN , (NP Mr. *UNKC )NP (VP estimates )VP , )PRN (NP (NP this type )NP (PP of (NP debt )NP )PP )NP (VP makes (PRT up )PRT (NP (NP (NP 15 % )NP to (NP 20 % )NP )NP (PP of (NP (NP the financing )NP (PP for (NP LBOs )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP These types )NP (PP of (NP bonds )NP )PP )NP (VP have (VP been (VP used (PP in (NP (NP buy-outs )NP (PP of (NP (NP companies )NP (PP such as (NP (NP RJR Nabisco Inc. )NP , (NP Storer Communications Inc. )NP and (NP *UNKC Co )NP )NP )PP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP A second provision )NP (VP passed (PP by (NP the Senate and House )NP )PP )VP )NP (VP would (VP eliminate (NP (NP a rule )NP (VP allowing (S (NP (NP companies )NP (SBAR (WHNP that )WHNP (S (VP post (NP (NP losses )NP (VP resulting (PP from (NP LBO debt )NP )PP )VP )NP )VP )S )SBAR )NP (VP to (VP receive (NP (NP refunds )NP (PP of (NP (NP taxes )NP (VP paid (PP over (NP the previous three years )NP )PP )VP )NP )PP )NP )VP )VP )S )VP )NP )VP )VP . )S  STOP
(S (PP For (NP example )NP )PP , (SBAR if (S (NP a company )NP (VP posted (NP (NP a loss )NP (PP of (NP (QP $ 100 million )QP )NP )PP (PP from (NP buy-out interest payments )NP )PP )NP )VP )S )SBAR , (NP the existing rule )NP (VP would (VP allow (S (NP the concern )NP (VP to (VP be (ADJP able (S (VP to (VP receive (NP a refund )NP (PP from (NP (NP the tax )NP (SBAR (S (NP it )NP (VP paid (PP (PP (PP from (NP 1986 )NP )PP (PP through (NP 1989 )NP )PP )PP , (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP may (VP have (VP been (NP a profitable public company )NP )VP )VP )VP )S )SBAR )PP )VP )S )SBAR )NP )PP )VP )VP )S )ADJP )VP )VP )S )VP )VP . )S  STOP
(S But (NP that rule )NP (VP is (VP being (VP (ADVP virtually )ADVP *UNKED (PP by (NP (NP Wall Street )NP , (SBAR (WHNP which )WHNP (S (VP is (VP concentrating (PP on (S (VP *UNKING (PP with (NP the deduction issue )NP )PP )VP )S )PP )VP )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(SINV `` (S (NP (NP Prices )NP (PP for (NP LBOs )NP )PP )NP (VP have (S (VP to (VP come (ADVP down )ADVP )VP )VP )S (SBAR if (S (NP you )NP (VP do n't (VP have (NP that feature )NP )VP )VP )S )SBAR )VP )S , '' (VP argued )VP (NP (NP Lawrence *UNKC )NP , (NP (NP managing director )NP (PP for (NP merchant banking )NP )PP (PP at (NP (NP Donaldson , Lufkin & Jenrette Securities Corp. )NP (PP in (NP New York )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP Several Wall Street officials )NP (VP say (SBAR (S (NP the proposed legislation )NP (ADVP already )ADVP (VP is (VP having (NP an impact )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP An investment group )NP (VP led (PP by (NP (NP Chicago 's )NP *UNKC family )NP )PP )VP )NP (ADVP recently )ADVP (VP lowered (NP (NP a (ADJP (QP $ 3.35 billion )QP )ADJP bid )NP (PP for (NP (NP American Medical International )NP , (NP (NP Beverly Hills )NP , (NP Calif. )NP , )NP )NP )PP )NP (PP because of (NP (NP the threat )NP (PP of (NP the legislation )NP )PP )NP )PP )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP (NP one investment banker )NP , (SBAR (WHNP who )WHNP (S (VP requested (NP *UNK )NP )VP )S )SBAR , )NP (VP said (SBAR (S (NP his firm )NP (VP did n't (VP raise (NP (NP the *UNK )NP (PP for (NP a target company )NP )PP )NP (NP earlier this month )NP (SBAR after (S (NP a stronger bid )NP (VP emerged (PP from (NP (NP a public company )NP (SBAR (WHNP that )WHNP (S (VP was n't (ADJP concerned (PP about (NP the financing provision )NP )PP )ADJP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP We )NP (VP would (VP have (VP paid (NP more )NP (SBAR if (S (NP we )NP (VP thought (SBAR (S (NP that law )NP (VP was n't (VP going (S (VP to (VP pass )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )VP )VP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP One possible solution )NP (PP for (NP Wall Street )NP )PP (VP is (S (VP to (VP (VP increase (NP (NP the equity part )NP (PP of (NP the transaction )NP )PP )NP )VP -- (VP (PRN (S (NP that )NP (VP is )VP )S , )PRN give (NP lenders )NP (NP (NP a bigger stake )NP (PP in (NP the *UNKING company )NP )PP (PP rather than (NP just interest payments )NP )PP )NP )VP )VP )VP )S )VP . )S  STOP
(S (NP That )NP (VP would (VP force (S (NP (NP the buy-out firm )NP and (NP (NP the target company 's )NP management )NP )NP (VP to (S (VP reduce (NP (NP their level )NP (PP of (NP ownership )NP )PP )NP )VP )S )VP )S )VP )VP . )S  STOP
(SINV `` (S (S (NP (NP The pigs )NP (PP in (NP the trough )NP )PP )NP (VP may (VP have (S (VP to (VP give (NP (NP a little bit )NP (PP of (NP the *UNK )NP )PP )NP (ADVP back )ADVP )VP )VP )S )VP )VP )S and then (S (NP the deal )NP (VP can (VP go (ADVP through )ADVP )VP )VP )S )S , '' (VP said )VP (NP (NP Peter C. *UNKC )NP , (NP (NP tax partner )NP (PP at (NP *UNKC , *UNKC , Rosen & Katz )NP )PP )NP )NP . )SINV  STOP
(S (NP Another solution )NP (PRN , (SINV (VP said )VP (NP (NP a tax lawyer )NP (SBAR (WHNP who )WHNP (S (VP requested (NP *UNK )NP )VP )S )SBAR )NP )SINV , )PRN (VP is (SBAR for (S (NP firms )NP (VP to (VP use (NP (NP convertible bonds )NP (SBAR (WHNP that )WHNP (S (VP sell (PP at (NP a discount )NP )PP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Since (S (NP they )NP (VP have (NP a lower interest rate )NP )VP )S )SBAR , (NP they )NP (VP would n't (VP fall (PP under (NP (NP the junk-bond category )NP (SBAR (WHNP that )WHNP (S (VP would (VP lose (NP its *UNK )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP The House version )NP (PP of (NP the bill )NP )PP )NP (VP would (VP make (S (NP debt )NP (ADJP *UNK- )ADJP (SBAR if (S (NP it )NP (VP (VP pays (NP (NP five percentage points )NP (PP above (NP Treasury notes )NP )PP )NP )VP , (VP has (NP (ADVP at least )ADVP a five-year maturity )NP )VP and (VP does n't (VP pay (NP interest )NP (PP for (NP (NP (QP at least one )QP year )NP (PP out (PP of (NP the first five )NP )PP )PP )NP )PP )VP )VP )VP )S )SBAR )S )VP )VP . )S  STOP
(S (NP The bill )NP (VP would (ADVP then )ADVP (VP *UNK (SBAR that (S (NP the debt )NP (VP (VP is (NP equity )NP )VP and (ADVP therefore )ADVP (VP is n't (ADJP deductible )ADJP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The Senate bill )NP (VP would (ADVP only )ADVP (VP deny (NP the deduction )NP (SBAR until (S (NP interest )NP (VP is (ADVP actually )ADVP (VP paid )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP Currently )ADVP , (SBAR even though (S (NP the *UNK )NP (VP does n't (VP pay (NP tax )NP )VP )VP )S )SBAR , (NP the debt holder )NP (VP is (VP *UNKED (PP on (NP the accrued interest )NP )PP )VP )VP . )S  STOP
(S But (NP those holders )NP (VP are (ADVP often )ADVP (NP (NP foreign investors )NP and (NP (NP tax-exempt pension funds )NP (SBAR (WHNP that )WHNP (S (VP do n't (VP pay (NP taxes )NP (PP on (NP their holdings )NP )PP )VP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (NP The Senate )NP (VP estimates (SBAR that (S (NP (NP its version )NP (PP of (NP the provision )NP )PP )NP (VP would (VP (VP yield (NP (QP $ 17 million )QP )NP (NP the first year )NP )VP and (VP (NP (NP a total )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP (PP over (NP five years )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The House version )NP (VP would (VP raise (NP slightly more )NP )VP )VP . )S  STOP
(S (SBAR Even if (S (NP Wall Street )NP (VP finds (NP (NP ways )NP (PP around (NP the new rules )NP )PP )NP )VP )S )SBAR , (NP a Senate aide )NP (VP contends (SBAR (S (NP LBOs )NP (VP will (VP become (ADJP somewhat more difficult )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP There )NP (VP 's (NP no question (SBAR (S (NP it )NP (VP will (VP make (S (NP LBOs )NP (ADJP more expensive )ADJP )S )VP )VP )S )SBAR )NP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S `` (NP The interest deduction )NP (VP was (NP (NP the engine )NP (SBAR (WHNP that )WHNP (S (VP made (S (NP these things )NP (ADJP more *UNK )ADJP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The average (ADJP publicly offered )ADJP commodity fund )NP (VP fell (NP 4.2 % )NP (PP in (NP September )NP )PP , (PP (ADVP largely )ADVP because of (NP (NP the volatile markets )NP (PP in (NP foreign currencies )NP )PP )NP )PP , (PP according (PP to (NP *UNKC Securities )NP )PP )PP )VP . )S  STOP
(S (NP The firm )NP (VP said (SBAR that (S (NP losers )NP (VP outnumbered (NP gainers )NP (PP by (NP (NP more )NP (PP than (NP (NP three )NP (PP to (NP one )NP )PP )NP )PP )NP )PP (PP among (NP (NP the *UNKN funds )NP (SBAR (S (NP it )NP (VP tracks )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP (NP the first nine months )NP (PP of (NP the year )NP )PP )NP )PP , (NP Norwood )NP (VP said (SBAR (S (NP the average fund )NP (VP has (VP lost (NP 3.3 % )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The government )NP (VP moved (ADVP aggressively )ADVP (S (VP to (VP open (NP (NP the *UNK )NP (PP of (NP federal aid )NP )PP )NP (PP for (NP (NP victims )NP (PP of (NP the California earthquake )NP )PP )NP )PP )VP )VP )S )VP )S , but (S (NP (NP its *UNK )NP (PP of (NP emergency funds )NP )PP )NP (VP must (VP be (VP *UNKED (ADVP soon )ADVP (SBAR if (S (NP the aid )NP (VP is (S (VP to (VP continue )VP )VP )S )VP )S )SBAR )VP )VP )VP )S . )S  STOP
(S (NP President Bush )NP (VP signed (NP (NP a disaster *UNK )NP (VP covering (NP seven Northern California counties )NP )VP )NP )VP . )S  STOP
(S (NP The declaration )NP (ADVP immediately )ADVP (VP made (S (NP the counties )NP (ADJP eligible (PP for (NP (NP (NP temporary housing )NP , (NP grants )NP and (NP (NP low-cost loans )NP (SBAR (S (VP to (VP cover (NP *UNKED property losses )NP )VP )VP )S )SBAR )NP )NP )NP )PP )ADJP )S )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP (NP an (ADJP unusually wide )ADJP array )NP (PP of (NP federal agencies )NP )PP )NP (VP moved (S (VP to (VP provide (NP *UNKED assistance )NP )VP )VP )S )VP . )S  STOP
(S (S (NP (NP The Department )NP (PP of (NP (NP Housing )NP and (NP Urban Development )NP )NP )PP )NP (VP prepared (S (VP to (VP make (S (NP (QP as many as 100 )QP vacant houses )NP (ADJP available (PP for (NP (NP those )NP (VP left (S (ADJP homeless )ADJP )S )VP )NP )PP )ADJP )S )VP )VP )S )VP )S , (S (NP the Agriculture Department )NP (VP was (VP set (S (VP to (VP *UNK (NP food )NP (PP from (NP the *UNK- program )NP )PP (PP to (NP earthquake victims )NP )PP )VP )VP )S )VP )VP )S , and (S (NP the Pentagon )NP (VP was (VP providing (NP (NP everything )NP (PP (PP from (NP radio communications )NP )PP (PP to (NP blood *UNK )NP )PP (PP to (NP (NP military police )NP (PP for (S (VP *UNKING (NP traffic )NP )VP )S )PP )NP )PP )PP )NP )VP )VP )S . )S  STOP
(S (S But (NP (NP the pool )NP (PP of (NP federal *UNK- funds )NP )PP )NP (ADVP already )ADVP (VP is (VP running (S (ADJP low )ADJP )S (PP because of (NP (NP the heavy costs )NP (PP of (S (VP cleaning (PRT up )PRT (NP Hurricane Hugo )NP )VP )S )PP )NP )PP )VP )VP )S , and (S (NP Congress )NP (VP will (VP be (PP under (NP pressure (S (VP to (VP *UNK (NP more money )NP (ADVP quickly )ADVP )VP )VP )S )NP )PP )VP )VP )S . )S  STOP
(S (S (PP In (NP (NP Hugo 's )NP wake )NP )PP , (NP Congress )NP (VP allocated (NP (NP (QP $ 1.1 billion )QP )NP (PP in (NP relief funds )NP )PP )NP )VP )S , and (S (NP White House spokesman Marlin Fitzwater )NP (VP said (SBAR (S (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP that money )NP )PP )NP (VP (VP remains )VP and (VP could (VP be (VP diverted (PP for (NP (NP quick expenditures )NP (ADJP related (PP to (NP the earthquake )NP )PP )ADJP )NP )PP )VP )VP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (ADVP Now )ADVP , (ADVP though )ADVP , (NP (NP enormous costs )NP (PP for (NP earthquake relief )NP )PP )NP (VP will (VP pile (PP on (NP (NP top )NP (PP of (NP (NP outstanding costs )NP (PP for (NP hurricane relief )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S `` (S (S (NP That )NP (ADVP obviously )ADVP (VP means (SBAR that (S (NP we )NP (VP wo n't (VP have (NP (NP enough )NP (PP for (NP (NP all )NP (PP of (NP (NP the *UNK )NP (SBAR (WHNP that )WHNP (S (VP are (ADVP now )ADVP (VP facing (NP us )NP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP )S , and (S (NP we )NP (VP will (VP have (S (VP to (VP consider (NP (NP appropriate requests )NP (PP for (NP *UNK- funding )NP )PP )NP )VP )VP )S )VP )VP )S )S , '' (NP Mr. Fitzwater )NP (VP said )VP . )S  STOP
(S (NP The federal government )NP (VP is n't (ADVP even )ADVP (VP attempting (ADVP yet )ADVP (S (VP to (VP estimate (SBAR (WHNP how much )WHNP (S (NP the earthquake )NP (VP will (VP cost (NP it )NP )VP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S But (NP Mr. Fitzwater )NP (VP said , `` (S (NP There )NP (VP will (VP be (PRN , (S (NP I )NP (VP think (ADVP quite obviously )ADVP )VP )S , )PRN (NP (NP (NP a (ADJP very large )ADJP amount )NP (PP of (NP money )NP )PP )NP (VP required (PP from (NP (NP all levels )NP (PP of (NP government )NP )PP )NP )PP )VP )NP )VP )VP )S )VP . '' )S  STOP
(S (PP In (NP Congress )NP )PP , (NP lawmakers )NP (ADVP already )ADVP (VP are (VP looking (PP for (NP (NP ways )NP (SBAR (S (VP to (VP add (NP relief funds )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP Money )NP (VP could (VP be (VP added (PP to (NP (NP a pending spending bill )NP (VP covering (NP (NP the Federal Emergency Management Agency )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP federal disaster relief )NP )VP )S )SBAR )NP )VP )NP )PP )VP )VP )VP . )S  STOP
(S (ADVP More likely )ADVP , (NP relief funds )NP (VP could (VP be (VP added (PP to (NP (NP an *UNK spending bill )NP (SBAR (WHNP that )WHNP (S (NP Congress )NP (VP is (S (VP to (VP begin (S (VP considering )VP )S (NP next week )NP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S (S But (NP it )NP (VP is n't (NP (NP just (NP Washington 's )NP relief dollars )NP (SBAR (WHNP that )WHNP (S (VP are (VP spread (ADVP thin )ADVP )VP )VP )S )SBAR )NP )VP )S ; (S (NP its relief *UNK )NP (ADVP also )ADVP (VP is (VP stretched )VP )VP )S . )S  STOP
(S (S (NP FEMA )NP (ADVP still )ADVP (VP has (S (NP (NP special disaster centers )NP )NP (ADJP open )ADJP (SBAR (S (VP to (VP handle (NP (NP the aftermath )NP (PP of (NP Hugo )NP )PP )NP )VP )VP )S )SBAR )S )VP )S , and (S (NP spokesman Russell *UNKC )NP (VP acknowledged (SBAR that `` (S (NP we )NP (VP 're (ADJP pretty thin )ADJP )VP )S )SBAR )VP )S . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP says (SBAR (S (NP FEMA )NP (ADVP now )ADVP (ADVP possibly )ADVP (VP may (VP have (NP (NP the *UNK *UNK )NP (PP in (NP its history )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (VP To (VP (ADVP further )ADVP *UNK (NP relief efforts )NP )VP )VP )S , (NP the (ADJP privately funded )ADJP American Red Cross )NP (ADVP also )ADVP (VP finds (S (NP itself )NP (ADJP strapped (PP for (NP funds )NP )PP )ADJP )S (PP after (NP its big Hugo operation )NP )PP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's (VP been (NP a bad month )NP (ADVP (ADVP *UNK- )ADVP and (NP every other way )NP )ADVP )VP )VP )S , '' (VP said )VP (NP (NP *UNKLY Stewart )NP , (NP (NP a spokeswoman )NP (PP for (NP the Red Cross )NP )PP )NP )NP . )SINV  STOP
(S `` (NP It )NP (ADVP just )ADVP (VP makes (S (NP it )NP (ADJP (NP a little )NP rough )ADJP )S (SBAR (WHADVP when )WHADVP (S (NP you )NP (VP have (S (VP to (VP worry (PP about (NP the budget )NP )PP )VP )VP )S )VP )S )SBAR )VP . '' )S  STOP
(S (NP The Red Cross )NP (VP has (VP opened (NP 30 shelters )NP (PP in (NP the Bay area )NP )PP , (S (VP serving (NP 5,000 people )NP )VP )S )VP )VP . )S  STOP
(S (NP (NP *UNKC trucks )NP (ADJP capable (PP of (S (VP *UNKING (NP food )NP )VP )S )PP )ADJP )NP (VP were (VP *UNKED (PP from (NP other states )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP All the precise types )NP (PP of (NP federal aid )NP )PP (SBAR (WHNP that )WHNP (S (VP will (VP be (VP sent (PP to (NP California )NP )PP )VP )VP )VP )S )SBAR )NP (VP wo n't (VP be (VP determined (SBAR until (S (NP state officials )NP (VP make (NP specific requests )NP (PP to (NP FEMA )NP )PP )VP )S )SBAR )VP )VP )VP )S , (NP agency officials )NP (VP said )VP . )S  STOP
(SINV (S And (PP in (NP (NP the confusion )NP (PP after (NP the earthquake )NP )PP )NP )PP , `` (NP the information flow )NP (VP is (ADJP (NP a little )NP slow )ADJP (S (VP coming (ADVP in )ADVP (PP from (NP the affected area )NP )PP )VP )S )VP )S , '' (VP said )VP (NP (NP Carl *UNKC )NP , (NP a FEMA spokesman )NP )NP . )SINV  STOP
(S (ADVP Still )ADVP , (NP some aid )NP (VP is (VP moving (ADVP *UNK )ADVP (PP from (NP Washington )NP )PP (ADVP almost immediately )ADVP )VP )VP . )S  STOP
(S (NP HUD officials )NP (VP said (SBAR (S (NP they )NP (VP will (VP make (S (ADJP available )ADJP (NP (NP (QP as many as 100 )QP Bay area houses )NP (SBAR (WHNP that )WHNP (S (VP (VP are (PP under (NP HUD loans )NP )PP )VP but (VP (ADVP now )ADVP are (ADJP vacant )ADJP )VP )VP )S )SBAR )NP )S (SBAR after (S (NP the houses )NP (VP have (VP been (VP *UNKED (S (VP to (VP ensure (SBAR (S (NP they )NP (VP are (ADJP sound )ADJP )VP )S )SBAR )VP )VP )S )VP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP *UNKC housing *UNK and certificates )NP (VP will (VP be (VP made (S (ADJP available )ADJP )S )VP )VP )VP )S (PRN , (NP officials )NP (VP said )VP , )PRN and (S (NP some (UCP housing and *UNK- )UCP funds )NP (VP may (VP be (VP (VP *UNKED (PP from (NP other programs )NP )PP )VP or (VP made (S (ADJP available (PP for (NP emergency use )NP )PP )ADJP )S )VP )VP )VP )VP )S . )S  STOP
(S (NP (NP (NP Another federal agency )NP (VP not (ADVP normally )ADVP associated (PP with (NP disaster relief )NP )PP )VP )NP (PRN -- (NP the Internal Revenue Service )NP -- )PRN )NP (VP moved (ADVP quickly )ADVP (ADVP as well )ADVP )VP . )S  STOP
(S (NP The IRS )NP (VP said (SBAR (S (NP it )NP (VP will (VP waive (NP certain tax penalties )NP (PP for (NP (NP earthquake victims )NP (ADJP unable (S (VP to (VP (VP meet (NP return *UNK )NP )VP or (VP make (NP payments )NP )VP )VP )VP )S (PP because of (NP (NP the quake 's )NP *UNK )NP )PP )ADJP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The agency )NP (VP plans (S (VP to (VP announce (NP specific relief procedures )NP (PP in (NP the coming days )NP )PP )VP )VP )S )VP . )S  STOP
(S And (NP the Treasury )NP (VP said (SBAR (S (NP (NP residents )NP (PP of (NP the San Francisco area )NP )PP )NP (VP will (VP be (ADJP able (S (VP to (VP cash (PRT in )PRT (NP savings bonds )NP )VP )VP )S )ADJP (SBAR even if (S (NP they )NP (VP have n't (VP held (NP them )NP (PP for (NP the minimum six-month period )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP One advantage )NP (SBAR (WHNP that )WHNP (S (NP federal officials )NP (VP have (PP in (S (VP handling (NP earthquake relief )NP )VP )S )PP )VP )S )SBAR )NP (VP is (NP (NP (NP the large number )NP (PP of (NP military facilities )NP )PP (PP in (NP the San Francisco Bay area )NP )PP )NP , (NP (NP facilities )NP (SBAR (WHNP that )WHNP (S (VP provide (NP (NP a ready base )NP (PP of (NP supplies and workers )NP )PP )NP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (SBAR Even before (S (NP (NP the full extent )NP (PP of (NP the devastation )NP )PP )NP (VP was (VP known )VP )VP )S )SBAR , (NP Defense Secretary Dick Cheney )NP (VP ordered (S (NP the military services )NP (VP to (VP (VP set (PRT up )PRT (NP an emergency command center )NP (PP in (NP the Pentagon )NP )PP )VP and (VP prepare (S (VP to (VP respond (PP to (NP (NP various FEMA requests )NP (PP for (NP assistance )NP )PP )NP )PP )VP )VP )S )VP )VP )VP )S )VP . )S  STOP
(S (PP By (NP yesterday afternoon )NP )PP , (NP Air Force transport planes )NP (VP began (S (VP moving (NP additional (NX (NX (UCP rescue and medical )UCP supplies )NX , (NX *UNK )NX , (NX communications equipment )NX and (NX FEMA personnel )NX )NX )NP (PP to (NP California )NP )PP )VP )S )VP . )S  STOP
(S (NP A military jet )NP (VP flew (NP (NP a congressional delegation )NP and (NP senior Bush administration officials )NP )NP (S (VP to (VP survey (NP the damage )NP )VP )VP )S )VP . )S  STOP
(S And (NP the Pentagon )NP (VP said (SBAR (S (NP (NP dozens )NP (PP of (NP additional (NX (NX *UNK )NX and (NX transport aircraft )NX )NX )NP )PP )NP (VP were (PP on (ADJP alert )ADJP )PP `` (S (VP awaiting (NP orders (S (VP to (VP move (NP emergency supplies )NP )VP )VP )S )NP )VP )S )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP (NP Two Air Force facilities )NP (PP near (NP Sacramento )NP )PP )NP , and (NP (NP *UNKC Air Force *UNKC )NP , (ADVP (NP 50 miles )NP *UNK (PP of (NP San Francisco )NP )PP )ADVP , )NP )NP (VP were (VP designated (S (VP to (VP serve (PP as (NP *UNK- centers )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP Some victims )NP (ADVP also )ADVP (VP were (VP treated (PP (PP at (NP (NP the *UNKC Army Medical Center )NP (PP in (NP San Francisco )NP )PP )NP )PP and (PP at (NP (NP the *UNKC Hospital )NP (PP in (NP Oakland )NP )PP )NP )PP )PP )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (S (NP (NP 20 military police )NP (PP from (NP (NP the *UNKC )NP , (NP (NP a military base )NP (PP in (NP San Francisco )NP )PP )NP , )NP )PP )NP (VP are (VP *UNKING (PP with (NP traffic control )NP )PP )VP )VP )S , and (S (NP a Navy ship )NP (VP was (VP moved (PP from (NP (NP a naval station )NP (PP at (NP *UNKC Island )NP )PP (PP near (NP the Bay Bridge )NP )PP )NP )PP (PP to (NP San Francisco )NP )PP (S (VP to (VP help (S (VP fight (NP fires )NP )VP )S )VP )VP )S )VP )VP )S . )S  STOP
(SINV (S (S (VP To (VP help (S (NP (NP residents )NP (PP in (NP Northern California )NP )PP )NP (VP rebuild )VP )S )VP )VP )S , (NP FEMA )NP (VP intends (S (VP (VP to (VP set (PRT up )PRT (NP 17 disaster assistance offices )NP (PP in (NP the earthquake area )NP )PP (PP in (NP the next several days )NP )PP )VP )VP and (VP to (VP staff (NP them )NP (PP with (NP (NP (QP 400 to 500 )QP workers )NP (PP from (NP various agencies )NP )PP )NP )PP )VP )VP )VP )S )VP )S , (VP said )VP (NP (NP Robert *UNKC )NP , (NP (NP chief )NP (PP of (NP (NP the agency 's )NP individual assistance division )NP )PP )NP )NP . )SINV  STOP
(S (PP At (NP these offices )NP )PP , (NP earthquake victims )NP (VP will (VP be (VP helped (PP in (S (VP filling (PRT out )PRT (NP (NP a *UNK- form )NP (SBAR (WHNP that )WHNP (S (NP they )NP (VP will (VP need (S (VP (VP to (VP qualify (PP for (NP (NP such federal assistance )NP (PP as (NP *UNK- loans )NP )PP )NP )PP )VP )VP and (VP to (VP repair (NP houses )NP )VP )VP )VP )S )VP )VP )S )SBAR )NP )VP )S )PP )VP )VP )VP . )S  STOP
(S And (NP federal officials )NP (VP are (VP promising (S (VP to (VP move (ADVP rapidly )ADVP (PP with (NP federal highway aid )NP )PP (S (VP to (VP rebuild (NP (NP the area 's )NP (ADJP severely damaged )ADJP road system )NP )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (NP The Federal Highway Administration )NP (VP has (NP (NP an emergency relief program )NP (SBAR (S (VP to (VP help (S (NP (NP states )NP and (NP local governments )NP )NP (VP repair (NP (NP (ADJP federally funded )ADJP highways and bridges )NP (VP (ADVP seriously )ADVP damaged (PP by (NP natural disasters )NP )PP )VP )NP )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The account )NP (ADVP currently )ADVP (VP has (NP (QP $ *UNKN million )QP )NP )VP . )S  STOP
(S And (SBAR though (S (NP federal law )NP (VP *UNK (SBAR that (S (NP (NP (QP only $ 100 million )QP )NP )NP (VP can (VP be (VP *UNKED (PP from (NP that fund )NP )PP (PP in (NP any one state )NP )PP (PP per (NP disaster )NP )PP )VP )VP )VP )S )SBAR )VP )S )SBAR , (NP administration officials )NP (VP expect (S (NP Congress )NP (VP to (VP move (ADVP in )ADVP (S (VP to (VP *UNK (S (VP spending (NP more )NP (ADVP now )ADVP (PP in (NP California )NP )PP )VP )S )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (S (S (VP To (VP get (NP that money )NP )VP )VP )S , (NP states )NP (VP must (VP go (PP through (NP an elaborate approval process )NP )PP )VP )VP )S , but (S (NP officials )NP (VP expect (S (NP red tape )NP (VP to (VP be (VP cut (NP this time )NP )VP )VP )VP )S )VP )S . )S  STOP
(S (NP (NP Keith *UNKC )NP , (NP (NP special assistant )NP (PP to (NP Federal Highway *UNKC Thomas *UNKC )NP )PP )NP , )NP (ADVP also )ADVP (VP said (SBAR that (S (PP after (NP (NP the 1971 San *UNKC earthquake )NP (PP in (NP Southern California )NP )PP )NP )PP , (NP the state )NP (VP (VP set (NP tougher standards )NP (PP for (NP bridges )NP )PP )VP , and (VP (PP with (NP federal aid )NP )PP , began (NP (NP a program )NP (SBAR (S (VP to (VP *UNK (NP highways and bridges )NP (PP for (NP earthquake *UNK )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP The first phase )NP (PP of (NP the program )NP )PP )NP (VP has (VP been (VP completed )VP )VP )VP )S , but (S (NP two other *UNK )NP (VP are (VP continuing )VP )VP )S . )S  STOP
(S (NP (NP (NP The two major structures )NP (SBAR (WHNP that )WHNP (S (VP failed (NP Tuesday night )NP )VP )S )SBAR )NP )NP (PRN , (S (NP he )NP (VP said )VP )S , )PRN (VP were both (VP built (PP (ADVP well )ADVP before (NP the 1971 earthquake )NP )PP -- (NP (NP (NP the San Francisco Bay Bridge )NP , (VP completed (PP in (NP the 1930s )NP )PP )VP )NP , and (NP (NP (NP the section )NP (PP of (NP *UNKC )NP )PP )NP , (VP built (PP in (NP the 1950s )NP )PP )VP )NP )NP )VP )VP . )S  STOP
(S (NP The *UNKC section )NP (VP had (VP completed (NP (NP the first phase )NP (PP of (NP the *UNKING )NP )PP )NP )VP )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP contributed (PP to (NP this article )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP *UNKC (NP *UNK crops )NP )VP . )S  STOP
(SBARQ But (WHADVP how much )WHADVP (SQ will (NP shoppers )NP (VP benefit )VP )SQ ? )SBARQ  STOP
(S (S (NP The harvest )NP (VP *UNK (PP in (NP plenty )NP )PP (PP after (NP (NP last year 's )NP *UNKED effort )NP )PP )VP )S : (S (NP The government )NP (VP estimates (NP corn output )NP (PP at (NP (NP (QP *UNKN billion )QP *UNK )NP , (ADVP up (NP 51 % )NP (PP from (NP last fall )NP )PP )ADVP )NP )PP )VP )S . )S  STOP
(S (NP *UNKC production )NP (VP *UNK (NP 24 % )NP )VP . )S  STOP
(S (PP As (NP a result )NP )PP , (NP (NP prices )NP (VP paid (PP to (NP farmers )NP )PP (PP for (NP (NP the commodities )NP , (SBAR (WHNP which )WHNP (S (VP are (VP used (PP in (NP (NP products )NP (ADJP (ADJP as *UNK )ADJP (PP as (NP (NP *UNK *UNK )NP and (NP *UNK feed )NP )NP )PP )ADJP )NP )PP )VP )VP )S )SBAR , )NP )PP )VP )NP (VP *UNK (NP (NP 20 % )NP to (NP 33 % )NP )NP )VP . )S  STOP
(S But (VP do n't (VP expect (NP too much )NP (PP in (NP (NP the way )NP (PP of (NP (NP price breaks )NP (ADVP soon )ADVP (PP at (NP the supermarket )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Economists )NP (VP expect (S (NP consumer food prices )NP (VP to (VP jump (NP 5.5 % )NP (NP this year )NP (UCP (PP to (NP (NP the highest level )NP (PP since (NP 1980 )NP )PP )NP )PP and (ADVP up (PP from (NP (NP last year 's )NP (ADJP 4.1 % )ADJP rise )NP )PP )ADVP )UCP )VP )VP )S )VP . )S  STOP
(S (NP Next year )NP (VP may (VP see (NP (NP a drop )NP (PP of (NP one percentage point )NP )PP )NP )VP )VP . )S  STOP
(S (NP *UNKC prices )NP , (S (VP *UNKING (PP near (NP records )NP )PP (PP since (NP the drought )NP )PP )VP )S , (VP could (VP drop (PP in (ADJP *UNK )ADJP )PP (NP this winter )NP (SBAR if (S (NP *UNK )NP (VP expand (NP *UNK )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP *UNKC feed prices )NP (VP may (VP help (S (NP animals )NP (VP eat (ADVP more *UNKLY )ADVP )VP )S )VP )VP )S , but (S (NP humans )NP (VP have (S (VP to (VP factor (PRT in )PRT (NP (NP an expensive *UNK )NP : (NP the *UNK )NP )NP )VP )VP )S )VP )S . )S  STOP
(S (NP Food companies )NP (ADVP probably )ADVP (VP wo n't (VP cut (NP their prices )NP (NP much )NP , (S (VP *UNKING (NP other costs )NP )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP Labor )NP (VP takes (NP the biggest single chunk )NP (PP out (PP of (NP the ` food dollar )NP )PP )PP )VP )S , ' '' (VP says )VP (NP (NP Frank *UNKC )NP (PP of (NP the Food Institute )NP )PP )NP . )SINV  STOP
(S (NP *UNKLY )NP (VP says (SBAR (S (NP stores )NP (VP revive (NP (NP *UNK )NP (PP like (NP (NP three cans )NP (PP of (NP *UNK )NP )PP (PP for (NP 99 cents )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Two cans )NP (VP cost (NP 89 cents )NP (PP during (NP the drought )NP )PP )VP . )S  STOP
(S (SBAR *UNK (S (NP (ADJP *UNK *UNKC )ADJP *UNK )NP (VP works )VP )S )SBAR , (NP it )NP (ADVP usually )ADVP (VP does (ADVP so )ADVP (PP after (NP (QP only a few )QP tries )NP )PP )VP . )S  STOP
(S (NP *UNKLY *UNK problems and procedures )NP (VP *UNK (SBAR as (S (NP (NP aging baby boomers )NP and (NP others )NP )NP (VP decide (S (VP to (VP have (NP children )NP -- (ADVP now )ADVP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP It )NP (VP 's (VP estimated (SBAR that (S (NP (QP one in six )QP couples )NP (VP *UNK (NP *UNK )NP )VP )S )SBAR )VP )VP )S , and (S (PP in (NP 1987 )NP )PP , (NP Americans )NP (VP spent (NP (QP about $ 1 billion )QP )NP (S (VP to (VP fight (NP the problem )NP )VP )VP )S )VP )S . )S  STOP
(S (S (NP (QP Only about five )QP states )NP (ADVP now )ADVP (VP offer (NP (NP some form )NP (PP of (NP insurance coverage )NP )PP )NP )VP )S , but (S (NP more )NP (VP are (VP expected )VP )VP )S . )S  STOP
(S (NP (NP A letter )NP (PP in (NP (NP the New England Journal )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP (VP notes (SBAR that (S (SBAR while (S (NP technology )NP (VP offers `` (NP (ADJP almost *UNK )ADJP hope )NP )VP )S )SBAR ... (SBAR (WHADVP when )WHADVP (S (VP to (VP stop )VP )VP )S )SBAR (VP has (VP become (NP a difficult question )NP )VP )VP )S )SBAR )VP ... . '' )S  STOP
(S (NP (NP The authors )NP , (PP from (NP (NP Boston 's )NP *UNKC Israel Hospital )NP )PP , )NP (VP say (SBAR that (S (NP (NP 84 % )NP (PP of (NP (NP the 50 *UNK )NP (SBAR (S (NP they )NP (VP followed )VP )S )SBAR )NP )PP )NP (VP occurred (PP after (NP (QP only two )QP (ADJP in *UNK )ADJP cycles )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP (VP adds (SBAR that (S (NP *UNK )NP (VP were `` (ADJP extremely unlikely )ADJP '' (PP after (NP the fourth cycle )NP )PP )VP )S )SBAR )VP and (VP concludes (SBAR (S (NP (NP couples )NP (SBAR (WHNP who )WHNP (S (VP do n't (VP achieve (NP a pregnancy )NP (PP after (NP (QP four to six )QP procedures )NP )PP )VP )VP )S )SBAR )NP (VP should (VP be (VP advised (SBAR that (S (NP success )NP (VP is (ADJP unlikely )ADJP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Some couples )NP (VP continue (S (VP to (VP try )VP )VP )S )VP . )S  STOP
(S `` (S (NP Such determination )NP (VP may (VP translate (PP into (NP extreme (ADJP physical , emotional and financial )ADJP costs )NP )PP )VP )VP )S , '' (NP the letter )NP (VP warns )VP . )S  STOP
(S (S (NP *UNKC )NP (VP *UNKC )VP )S , (S (NP these managers )NP (VP do n't )VP )S . )S  STOP
(S (NP (NP Only three )NP (PP of (NP (NP the 25 corporate pension fund managers )NP (VP attending (NP a *UNKC Consulting Group client conference )NP )VP )NP )PP )NP (VP say (SBAR (S (NP they )NP (VP plan (S (VP to (VP change (NP (NP the asset allocation mix )NP (PP in (NP their portfolios )NP )PP )NP )VP )VP )S (PP because of (NP the market drop )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP come (ADJP alive )ADJP (PP in (NP (NP a *UNK version )NP (PP of (NP (NP the Guinness Book )NP (PP of (NP Records )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The (ADJP $ 99 )ADJP *UNKC disk )NP (PRN -LRB- (S (NP it )NP (VP can (ADVP only )ADVP (VP be (VP played (PP on (NP an Apple *UNKC computer )NP )PP (PP at (NP the moment )NP )PP )VP )VP )VP )S -RRB- )PRN )NP (VP *UNK (NP *UNK , music and sound )NP )VP . )S  STOP
(FRAG (PP Among (NP (NP the Guinness disk 's )NP *UNK )NP )PP : (NP (NP the world 's )NP *UNK recorded *UNK )NP . )FRAG  STOP
(S (NP (NP *UNKC *UNKC )NP (PP from (NP David *UNKC )NP )PP )NP (VP begins (NP a *UNK- exhibit )NP (NP today )NP (PP at (NP (NP New York 's )NP *UNKC *UNKC *UNKC )NP )PP )VP . )S  STOP
(S (NP (NP One )NP (PP of (NP (NP the artist 's )NP earliest *UNKC works )NP )PP )NP (VP was (NP `` (NP (NP Little Stanley )NP (VP *UNKING )VP )NP , '' (NP (NP a *UNK )NP (PP of (NP his dog )NP )PP )NP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP *UNKC and receive (PP in (NP (NP a *UNK *UNK )NP (PP with (NP (NP employees ' )NP favored charities )NP )PP )NP )PP )VP . )S  STOP
(S (NP The Federal *UNKC Commission )NP (VP *UNK (NP corporate plans (S (VP to (VP *UNK (PP to (NP (NP an employee 's )NP chosen charity )NP )PP (PP in (NP (NP exchange )NP (PP for (NP (NP (NP the worker 's )NP *UNK )NP (PP to (NP the company political action committee )NP )PP )NP )PP )NP )PP )VP )VP )S )NP )VP . )S  STOP
(NP (NP *UNKC approvals )NP : (NP (NP (NP Bell Atlantic 's )NP New Jersey Bell )NP and (NP General Dynamics )NP )NP . )NP  STOP
(S (NP Companies )NP (VP get (NP (NP more political clout )NP plus (NP a possible *UNK- charitable *UNK )NP )NP (FRAG -- (ADVP so far )ADVP (NP (NP no word )NP (PP from (NP the IRS )NP )PP (PP on (NP *UNK )NP )PP )NP )FRAG )VP . )S  STOP
(S (NP (NP Detroit Edison )NP , (NP the plan *UNK )NP , )NP (VP generated (NP (NP $ *UNKN )NP (PP in (NP matching funds )NP )PP )NP (NP this year )NP , (ADVP up (PP from (NP $ *UNKN )NP (PP in (NP 1988 )NP )PP )PP )ADVP )VP . )S  STOP
(S But (NP the utility )NP (VP may not (VP continue (NP next year )NP )VP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP 're (PP on (NP a tight budget )NP )PP )VP )S , '' (VP says )VP (NP (NP Detroit Edison 's )NP Carol *UNKC )NP . )SINV  STOP
(S (NP Two election commission members )NP (VP opposed (NP the matching plans )NP )VP . )S  STOP
(S (NP Scott E. Thomas )NP (VP says (SBAR (S (NP the plans )NP (VP give (NP employees )NP `` (NP (NP a bonus )NP (PP in (NP (NP the form )NP (PP of (NP (NP charitable donations )NP (VP made (PP from (NP (NP an employer 's )NP treasury )NP )PP )VP )NP )PP )NP )PP )NP '' (PP in (NP (NP exchange )NP (PP for (NP the political *UNK )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP The U.S. government )NP (VP could (VP be , (PP in (NP effect )NP )PP , (VP *UNKING (NP (NP political contributions )NP (PP to (NP corporate *UNKC )NP )PP )NP )VP )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP New Jersey Bell )NP (VP *UNK (NP state clearance )NP )VP . )S  STOP
(S (PP Despite (NP federal approval )NP )PP , (NP General Dynamics )NP (VP says (SBAR (S (NP it )NP (VP decided (SBAR (S (NP it )NP (VP wo n't (VP go (ADVP ahead )ADVP (PP with (NP the matching program )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP find (NP a helping hand )NP (PP from (NP some catalog companies )NP )PP )VP . )S  STOP
(S (NP *UNKC Ellis & *UNKC )NP (VP estimates (SBAR (S (NP direct mail catalog sales )NP (VP rose (PP to (NP (QP $ 12 billion )QP )NP )PP (NP last year )NP )VP )S )SBAR )VP . )S  STOP
(S And (SBAR while (S (NP it )NP (VP 's (ADVP (ADVP too soon )ADVP (SBAR (S (VP to (VP tell (SBAR (WHADVP how )WHADVP (S (NP sales )NP (VP will (VP fare (PP in (NP the important 1989 Christmas season )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )ADVP )VP )S )SBAR , (NP some companies )NP (VP take (NP (NP steps )NP (SBAR (S (VP to (VP ease (NP the usual *UNK- crush )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Spiegel )NP (VP promises (NP a `` Guaranteed Christmas )NP , '' (PP with (NP a *UNK (S (VP to (VP deliver (NP goods )NP (PP before (NP Christmas )NP )PP (SBAR if (S (VP ordered (PP by (NP Dec. 20 )NP )PP )VP )S )SBAR )VP )VP )S )NP )PP )VP . )S  STOP
(S (S And , (PP for (NP an extra $ 6 )NP )PP , (NP (NP Land 's )NP End )NP (VP will (VP deliver (NP orders )NP (PP within (NP two days )NP )PP )VP )VP )S ; (S (NP customers )NP (VP can (VP *UNK (NP the day )NP )VP )VP )S . )S  STOP
(S (NP (NP Spiegel )NP , (SBAR (WHNP which )WHNP (S (ADVP also )ADVP (VP owns (NP (NP Eddie *UNKC )NP and (NP *UNKC )NP )NP )VP )S )SBAR , )NP (VP says (SBAR that (S (PP since (NP 1987 )NP )PP , (NP sales )NP (VP have (VP doubled (PP during (NP (NP the week )NP (PP before (NP Christmas )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP An *UNKC *UNKC spokeswoman )NP (VP notes : `` (S (NP People )NP (VP are (ADVP just )ADVP (ADJP used (PP to (S (VP living (PP in (NP a *UNK- society )NP )PP )VP )S )PP )ADJP )VP )S )VP . '' )S  STOP
(S (NP (NP *UNKC Ellis )NP , (NP a *UNKC brokerage firm )NP , )NP (VP says (SBAR (S (NP (NP part )NP (PP of (NP (NP the reason )NP (SBAR (S (NP catalog sales )NP (VP grow (PP in (NP popularity )NP )PP )VP )S )SBAR )NP )PP )NP (VP is (SBAR because (S (NP consumers )NP (VP have (NP (NP more money )NP but (NP (NP less time )NP (SBAR (S (VP to (VP spend (NP it )NP )VP )VP )S )SBAR )NP )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (S (NP *UNKC *UNKC )NP (VP *UNK (NP (NP (QP about *UNKN )QP workers )NP )NP (PP for (NP the season rush )NP )PP , (ADJP (ADJP (NP (QP about 300 )QP )NP more )ADJP (PP than (NP last year )NP )PP )ADJP )VP )S ; (S (NP (NP Land 's )NP End )NP (VP *UNK (NP 2,000 )NP )VP )S . )S  STOP
(NP *UNKC : )NP  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP a Brazilian soft drink )NP )NP , (VP is (VP brought (PP to (NP the U.S. )NP )PP (PP by (NP (NP *UNKC )NP , (NP (NP Chevy Chase )NP , (NP Md )NP )NP )NP )PP )VP )VP . )S  STOP
(S (NP New *UNKC News )NP (VP says (SBAR (S (NP the *UNK )NP `` (VP (VP looks (PP like (NP *UNK *UNK )NP )PP )VP , (VP *UNK (PP (NP a little )NP like (NP *UNK )NP )PP )VP and (VP *UNK (PP like (NP *UNK *UNK )NP )PP )VP )VP )S )SBAR )VP . '' ... )S  STOP
(S (NP `` (NP *UNKC )NP '' (VP planned (PP for (NP (NP Chicago 's )NP new *UNKC Tower apartments )NP )PP )VP )NP (VP include (NP an *UNK- investment *UNK )NP )VP . )S  STOP
(S (S (ADVP (NP Four years )NP ago )ADVP , (NP Pittsburgh )NP (VP was (VP designated (S (NP the *UNK- U.S. city )NP )S (PP by (NP (NP *UNKC *UNKLY 's )NP *UNKC Rated *UNKC )NP )PP )VP )VP )S , and (S (NP the honor )NP (VP did (NP *UNK )NP (S (VP to (VP improve (NP (NP Pittsburgh 's )NP *UNKED image )NP )VP )VP )S )VP )S . )S  STOP
(S `` (S (NP People )NP (VP asked , (SQ is (NP it )NP (ADVP really )ADVP (ADJP true )ADJP ? )SQ )VP )S '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP vice president )NP , (NP marketing services )NP , (PP for (NP (NP *UNKC Products USA )NP , (NP (NP a maker )NP (PP of (NP (NP health and *UNK- products )NP (SBAR (WHNP that )WHNP (S (VP used (NP the ranking )NP (PP in (NP its recruiting *UNK )NP )PP )VP )S )SBAR )NP )PP )NP )NP )PP )NP )NP . )S  STOP
(S (NP (NP *UNKC City )NP , (NP Calif. )NP )NP , (ADVP meanwhile )ADVP , (VP *UNKED (S (ADJP dead last )ADJP )S (PP among (NP *UNKN *UNK areas )NP )PP )VP . )S  STOP
(S (S (ADJP *UNKED )ADJP )S , (NP residents )NP (VP (VP burned (NP Rand *UNKLY books )NP )VP and (VP wore (NP (NP *UNKC )NP (SBAR (WHNP that )WHNP (S (VP said : `` (S (VP *UNKC (NP my *UNKC )NP )VP )S )VP )S )SBAR )NP )VP )VP . '' )S  STOP
(S (NP The *UNK )NP (VP will (VP be (VP making (NP new friends and enemies )NP (PP on (NP (NP Oct. 27 )NP , (SBAR (WHADVP when )WHADVP (S (NP an *UNKED version )NP (VP will (VP be (VP released )VP )VP )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S (NP Pittsburgh )NP (VP (VP figures (SBAR (S (NP it )NP (VP will (VP be (VP *UNKED )VP )VP )VP )S )SBAR )VP but (VP plans (S (VP to (VP accept (NP its *UNK )NP (ADVP *UNKLY )ADVP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP (NP The city 's )NP Office )NP (PP of (NP *UNKC )NP )PP )NP (VP plans (NP (NP media events )NP (SBAR (S (VP to (VP welcome (NP its successor )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP 're (VP encouraging (NP a *UNK transition )NP )VP )VP )S , '' (VP says )VP (NP (NP Mary *UNKC *UNKC )NP , (NP (NP the organization 's )NP president )NP )NP . )SINV  STOP
(S `` (NP Our attitude )NP (VP is (SBAR that (S -LRB- (NP the ranking )NP -RRB- (VP is (PP like (NP Miss America )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Once (S (NP you )NP (VP 're (NP Miss America )NP )VP )S )SBAR , (NP you )NP (VP 're (ADVP always )ADVP (NP Miss America )NP )VP . '' )S  STOP
(S (VP *UNKC (NP that )NP (PP to (NP (NP Atlanta )NP , (SBAR (WHNP which )WHNP (S (NP Pittsburgh )NP (VP replaced (PP as (NP the *UNK- city )NP )PP (PP in (NP 1985 )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Many *UNKC )NP (VP thought (SBAR (S (NP Pittsburgh )NP (VP was (NP an *UNK *UNK )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A columnist )NP (PP in (NP the Atlanta Journal and Constitution )NP )PP )NP (VP wrote : `` (SBARQ (WHNP Who )WHNP (SQ (VP did (NP the research )NP (PP for (NP this report )NP )PP )VP )SQ ? )SBARQ )VP )S  STOP
(FRAG (NP (NP Two guys )NP (PP from (NP (NP Gary )NP , (NP Ind. )NP )NP )PP )NP ? '' )FRAG  STOP
(FRAG Not (ADJP so )ADJP . )FRAG  STOP
(S (NP *UNKC David *UNKC and Richard *UNKC )NP , (VP live (PP in (NP (NP (NP *UNKC )NP , (NP Mass. )NP , )NP and (NP (NP *UNKC )NP , (NP N.C. )NP , )NP (ADVP respectively )ADVP )NP )PP )VP . )S  STOP
(S `` (NP Atlanta )NP (PRN , '' (S (NP Mr. *UNKC )NP (VP *UNK )VP )S , `` )PRN (VP has (NP (NP *UNK *UNK )NP (PP to (NP *UNK- status )NP )PP )NP )VP . '' )S  STOP
(S (NP The new edition )NP (VP lists (NP the top 10 metropolitan areas )NP (PP as (NP (NP (NP *UNKC *UNKC )NP , (NP Calif. )NP )NP ; (NP Boston )NP ; (NP (NP Louisville )NP , (NP Ky. )NP )NP ; (NP (NP *UNKC )NP , (NP N.Y. )NP )NP ; (NP New York )NP ; (NP Pittsburgh )NP ; (NP San Diego )NP ; (NP San Francisco )NP ; (NP Seattle )NP ; and (NP Washington )NP )NP )PP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP says (SBAR (S (FRAG (NP earthquake )NP or not )FRAG , (NP San Francisco )NP (VP makes (NP the list )NP )VP )S )SBAR )VP . )S  STOP
(S (S But (NP attention )NP (ADVP also )ADVP (VP *UNK (PP on (SBAR (WHNP who )WHNP (S (VP *UNK (ADVP last )ADVP )VP )S )SBAR )PP )VP )S , and (S (NP (NP (NP *UNKC *UNKC )NP , (NP *UNKC )NP )NP (PRN -- (SBAR (WHNP which )WHNP (S (VP (VP finished (ADVP third to last )ADVP (PP in (NP 1981 )NP )PP )VP and (VP (ADVP second to last )ADVP (PP in (NP 1985 )NP )PP )VP )VP )S )SBAR -- )PRN )NP (VP is (ADVP certainly )ADVP (PP in (NP the running )NP )PP )VP )S . )S  STOP
(S `` (S (NP I )NP (VP hate (S (VP to (VP *UNK (NP the publication )NP (PP by (S (VP *UNKING (PP on (NP the *UNK rating )NP )PP )VP )S )PP )VP )VP )S )VP )S , '' (NP Mayor *UNKC Robinson )NP (VP says , (S (VP adding (SBAR that (S (NP cities )NP (VP have (NP (NP no way )NP (SBAR (S (VP to (VP *UNK (NP the book )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )S )VP . )S  STOP
(S `` (NP It )NP (VP 's (PP like (S (VP fighting (NP your way )NP (ADVP out (PP of (NP a *UNK )NP )PP )ADVP )VP )S )PP )VP . )S  STOP
(S (NP You )NP (VP do n't (VP know (SBAR (WHADVP which way )WHADVP (S (VP to (VP *UNK )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Northrop Corp. 's )NP third-quarter net income )NP (VP fell (NP 25 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 46 cents )NP (NP a share )NP )NP , )NP )PP (SBAR while (S (NP General Dynamics Corp. )NP (VP reported (NP (NP (ADJP nearly flat )ADJP earnings )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (ADJP Los Angeles-based )ADJP Northrop )NP (VP recorded (NP (NP an (ADJP 8.2 % )ADJP decline )NP (PP in (NP sales )NP )PP )NP (SBAR as (S (S (NP B-2 *UNKC *UNK *UNK- revenue )NP (VP continued (S (VP to (VP *UNK )VP )VP )S )VP )S and (S (NP (NP high costs )NP (PP on (NP some other programs )NP )PP )NP (VP cut (PP into (NP profit )NP )PP )VP )S )S )SBAR )VP . )S  STOP
(S (NP The aerospace concern )NP (VP earned (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 61 cents )NP (NP a share )NP )NP , )NP (ADVP (NP a year )NP earlier )ADVP )VP . )S  STOP
(S (NP (NP Sales )NP (PP in (NP the latest period )NP )PP )NP (VP were (NP (QP $ 1.25 billion )QP )NP , (ADVP down (PP from (NP (QP $ 1.36 billion )QP )NP (PP in (NP the 1988 quarter )NP )PP )PP )ADVP )VP . )S  STOP
(S (PP At (NP (ADJP St. *UNKED )ADJP General Dynamics )NP )PP , (NP sales )NP (VP rose (NP 10 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP It )NP (VP earned (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP (PP in (NP the 1988 quarter )NP )PP )VP . )S  STOP
(S (NP General Dynamics )NP (VP credited (NP (NP (NP significant earnings gains )NP (PP in (NP its general aviation and material service segments )NP )PP )NP , (NP (NP an earnings recovery )NP (PP in (NP *UNK operations )NP )PP )NP , and (NP higher military aircraft sales )NP )NP )VP . )S  STOP
(S (NP Northrop )NP (VP said (SBAR (S (NP sales )NP (VP fell (UCP (PP because of (NP (NP the decline )NP (PP in (NP (NP B-2 development dollars )NP (PP from (NP the government )NP )PP )NP )PP (SBAR as (S (NP the plane )NP (VP continues (NP its initial production stage )NP )VP )S )SBAR )NP )PP and (SBAR because (S (NP fewer *UNKC *UNK *UNK )NP (VP are (VP being (VP produced (PP in (NP (NP its *UNK work )NP (PP with (NP prime contractor McDonnell Douglas Corp )NP )PP )NP )PP )VP )VP )VP )S )SBAR )UCP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP composite trading )NP )PP (PP on (NP the New York Stock Exchange )NP )PP , (NP Northrop shares )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP off (NP 25 cents )NP )ADVP )VP . )S  STOP
(S (NP General Dynamics )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP up (NP 50 cents )NP )ADVP )VP . )S  STOP
(S (NP (NP Northrop )NP , (SBAR (WHNP which )WHNP (S (PP since (NP early 1988 )NP )PP (VP has (VP declined (S (VP to (VP accept (NP (NP *UNK- contracts )NP (PP for (NP research and development )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR , )NP (VP said (SBAR (S (NP earnings )NP (VP were (VP hurt (PP by (NP (NP excessive costs )NP (PP on (NP (NP (NP a number )NP (PP of (NP such contracts )NP )PP )NP (VP won (ADVP (NP years )NP ago )ADVP )VP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(SINV (PP Among (NP them )NP )PP (VP were )VP (NP (NP the *UNKC electronic *UNK system )NP (PP for (NP the *UNKC *UNK )NP )PP )NP . )SINV  STOP
(S (NP (NP Northrop 's )NP interest expense )NP (ADVP also )ADVP (VP soared (PP to (NP (QP $ 35 million )QP )NP )PP (PP from (NP (QP $ 17 million )QP )NP (ADVP (NP a year )NP ago )ADVP )PP )VP . )S  STOP
(S (NP It )NP (VP said (SBAR (S (NP debt )NP (VP remained (PP at (NP (NP the (QP $ 1.22 billion )QP )NP (SBAR (WHNP that )WHNP (S (VP has (VP prevailed (PP since (NP early 1989 )NP )PP )VP )VP )S )SBAR )NP )PP , (SBAR although (S (NP that )NP (VP compared (PP with (NP (NP (QP $ *UNKN million )QP )NP (PP at (NP (NP Sept. 30 )NP , (NP 1988 )NP )NP )PP )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The backlog )NP (PP of (NP *UNKED orders )NP )PP )NP (PP at (NP Northrop )NP )PP (PP on (NP Sept. 30 )NP )PP (VP was (NP (QP $ *UNKN billion )QP )NP , (ADVP down (PP from (NP (QP $ *UNKN billion )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP Northrop )NP (VP reported (NP (NP a net loss )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ 1 )NP (NP a share )NP )NP , )NP )PP )NP (PP compared (PP with (NP (NP profit )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP in (NP 1988 )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP Sales )NP (VP dipped (NP 3.6 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (PP At (NP General Dynamics )NP )PP , (NP (NP factors )NP (VP reducing (NP (NP earnings )NP (PP in (NP the military aircraft segment )NP )PP )NP )VP )NP (VP included (NP (NP (NP higher levels )NP (PP of (NP *UNKING )NP )PP (PP in (NP (NP development )NP (PP of (NP the Advanced *UNKC *UNKC )NP )PP )NP )PP )NP , and (NP (NP the high cost )NP (PP of (NP (NP an advanced version )NP (PP of (NP the *UNKC fighter )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (S (NP *UNKC deliveries )NP (ADVP also )ADVP (VP have (VP fallen `` (S (PP (ADVP slightly )ADVP behind (NP schedule )NP )PP )S , '' (SBAR although (S (NP (NP a return )NP (PP to (NP the previous schedule )NP )PP )NP (VP is (VP expected (PP in (NP 1990 )NP )PP )VP )VP )S )SBAR )VP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP at (NP General Dynamics )NP )PP )NP (VP rose (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP Its interest expense )NP (VP surged (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ 12.4 million )QP )NP )PP )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP General Dynamics )NP (VP earned (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP (ADVP up (ADVP marginally )ADVP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP )ADVP (PP on (NP (NP a (ADJP 4.9 % )ADJP rise )NP (PP in (NP sales )NP )PP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Lotus Development Corp. )NP (VP reported (NP (NP a (ADJP surprisingly strong )ADJP (ADJP 51 % )ADJP increase )NP (PP in (NP third-quarter net income )NP )PP (PP on (NP a (ADJP 32 % )ADJP sales gain )NP )PP )NP , (S (VP buoyed (PP by (NP (NP strong demand )NP (PP for (NP (NP a new version )NP (PP of (NP its *UNKN computer *UNK )NP )PP )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (NP The results )NP (VP topped (NP (NP (NP analysts ' )NP expectations )NP and (NP (NP the earnings growth )NP (PP of (NP competitors )NP )PP )NP )NP , (S (VP prompting (S (NP traders )NP (VP to (VP (ADVP all but )ADVP forget (NP (NP the *UNK- delays )NP (SBAR (WHNP that )WHNP (S (VP *UNKED (PRT down )PRT (NP the company )NP (PP for (NP (NP much )NP (PP of (NP the past two years )NP )PP )NP )PP )VP )S )SBAR )NP )VP )VP )S )VP )S )VP . )S  STOP
(S (NP Yesterday )NP , (PP in (NP heavy , national over-the-counter trading )NP )PP , (NP Lotus shares )NP (VP rose (PP to (NP $ *UNKN )NP )PP , (ADVP up (NP (NP $ 1.25 )NP (ADVP apiece )ADVP )NP )ADVP , (S (VP *UNKING (NP (NP a *UNK *UNK- )NP (PP of (NP (QP more than 40 )QP % )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP Lotus )NP (VP said (SBAR (S (NP net )NP (VP rose (PP to (NP (NP (QP $ 23 million )QP )NP , or (NP (NP 54 cents )NP (NP a share )NP )NP , )NP )PP (PP on (NP (NP sales )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (ADVP (NP A year )NP ago )ADVP , (NP net )NP (VP was (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 31 cents )NP (NP a share )NP )NP , )NP (PP on (NP (NP sales )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP (NP net )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 92 cents )NP (NP a share )NP )NP , )NP )PP )NP (VP *UNKED (NP (NP the year earlier 's )NP (NX (NX (QP $ *UNKN million )QP )NX , or (NX (NX $ *UNKN )NX (NP a share )NP )NX )NX )NP )VP . )S  STOP
(S (NP Sales )NP (VP rose (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP (NP (NP the year )NP (ADVP earlier )ADVP )NP )PP )VP . )S  STOP
(S (PP In (NP the first half )NP )PP , (NP Lotus )NP (VP *UNKED (S (VP to (VP keep (NP market share )NP (PP with (NP costly promotions )NP )PP )VP )VP )S (SBAR while (S (NP customers )NP (VP *UNKED (NP (NP the launch )NP (PP of (NP (NP *UNKN *UNKC 3 )NP , (NP the *UNKED *UNK software )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Lotus 's )NP results )NP (VP (VP were (ADJP (ADJP (NP (QP about 10 )QP % )NP higher )ADJP (PP than (NP (NP analysts ' )NP average expectations )NP )PP )ADJP )VP and (VP compared (ADVP *UNKLY )ADVP (PP with (NP (NP the (ADJP 36 % )ADJP earnings rise )NP (VP reported (ADVP (NP a day )NP earlier )ADVP (PP by (NP (NP rival Microsoft Corp. )NP (PP of (NP (NP *UNKC )NP , (NP Wash )NP )NP )PP )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP results )NP (VP were (VP bolstered (PP by (NP (NP (NP *UNK )NP (PP to (NP *UNKC 3 )NP )PP (PP by (NP previous customers )NP )PP )NP and (NP (NP improved profit margins )NP , (NP (NP the result )NP (PP of (NP *UNK- controls )NP )PP )NP )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP a Goldman Sachs analyst )NP , )NP (VP said (SBAR (S (NP Lotus )NP (VP had (NP (NP upgrade revenue )NP (PP of (NP (NP (QP about $ 22 million )QP )NP )NP )PP )NP (PP in (NP the quarter )NP )PP , (SBAR (ADVP twice )ADVP (WHNP what )WHNP (S (NP he )NP (VP had (VP expected )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (ADVP Also )ADVP , (NP he )NP (VP estimated (SBAR (S (NP (NP unit shipments )NP (PP of (NP (NP *UNKN )NP (PP in (NP all its forms )NP )PP )NP )PP )NP (VP were (NP about *UNKN )NP , (ADVP up (NP 7 % )NP (PP from (NP (NP 1988 's )NP quarterly average )NP )PP )ADVP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Demand )NP (PP for (NP the new version )NP )PP )NP (VP was (VP *UNKING (S (NP Lotus )NP (VP (VP to (VP raise (NP prices )NP (PP with (NP distributors )NP )PP )VP )VP and (VP to (VP hold (NP market share )NP (PP against (NP (NP Microsoft )NP and (NP (NP other competitors )NP (SBAR (WHNP that )WHNP (S (VP tried (S (VP to (VP exploit (NP (NP the earlier delays )NP (PP in (NP (NP *UNKC 3 's )NP launch )NP )PP )NP )VP )VP )S )VP )S )SBAR )NP )NP )PP )VP )VP )VP )S )VP )VP )S , (NP Mr. *UNKC )NP (VP added )VP . )S  STOP
(S (NP He )NP (VP estimated (SBAR that (S (NP *UNKN )NP (VP (VP *UNK (NP (NP Microsoft 's )NP *UNKC *UNK )NP (PP by (ADVP *UNK- )ADVP )PP (PP in (NP the quarter )NP )PP )VP , and (VP held (NP (NP a (ADJP (ADJP 70 % )ADJP or (ADJP better )ADJP )ADJP share )NP (PP of (NP the *UNK market )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Silicon Valley )NP (VP *UNKED (NP (NP a *UNK )NP (PP of (NP relief )NP )PP )NP (NP yesterday )NP )VP . )S  STOP
(S (SBAR Though (S (NP details )NP (VP were (ADJP *UNK )ADJP (PP in (NP (NP the aftermath )NP (PP of (NP (NP the violent earthquake )NP (SBAR (WHNP that )WHNP (S (VP shook (NP (NP the high-tech *UNK )NP (PP along (PP with (NP (NP the rest )NP (PP of (NP the San Francisco Bay area )NP )PP )NP )PP )PP )NP )VP )S )SBAR )NP )PP )NP )PP )VP )S )SBAR , (NP (NP a spot check )NP (PP of (NP computer makers )NP )PP )NP (VP turned (PRT up )PRT (NP (NP little (PRN , (SBAR if (FRAG (NP any )NP )FRAG )SBAR , )PRN (ADJP potentially *UNKING )ADJP damage )NP (PP to (NP (NP facilities )NP or (NP *UNK equipment )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Analysts )NP and (NP corporate officials )NP )NP (VP said (SBAR (S (NP they )NP (VP expected (NP (NP (ADJP practically no )ADJP long-term disruption )NP (PP in (NP (NP shipments )NP (PP from (NP (NP the Valley )NP (PP of (NP either hardware or software goods )NP )PP )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Intel Corp. )NP , (NP Advanced *UNKC *UNKC Inc. )NP and (NP National Semiconductor Corp. )NP )NP (VP were all (UCP (ADJP up )ADJP and (VP running )VP )UCP (NP yesterday )NP , (SBAR though (S (NP many workers )NP (VP were (VP forced (S (VP to (VP stay (NP home )NP (PP because of (NP damaged *UNK )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )S ; (S (NP others )NP (VP elected (S (VP to (VP take (NP the day )NP (PRT off )PRT )VP )VP )S )VP )S . )S  STOP
(SINV `` (S (NP These systems )NP (VP are (ADJP (ADJP more *UNKED )ADJP (SBAR than (S (NP many people )NP (VP would (VP believe )VP )VP )S )SBAR )ADJP )VP )S , '' (VP said )VP (NP (NP Thomas *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP tracks (NP the computer industry )NP (PP for (NP Merrill Lynch Research )NP )PP )VP )S )SBAR )NP . )SINV  STOP
(S `` (NP It )NP (VP 's not (NP (NP the end )NP (PP of (NP the world )NP )PP )NP (SBAR if (S (NP you )NP (VP shake (NP them )NP (PRT up )PRT (NP a little bit )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP Other companies )NP , (PP including (NP (NP International Business Machines Corp. )NP and (NP Hewlett-Packard Co. )NP )NP )PP , )NP (VP (ADVP completely )ADVP *UNKED (NP their operations )NP (PP because of (NP (NP (NP Tuesday evening 's )NP temblor )NP , (SBAR (WHNP which )WHNP (S (VP registered (NP 6.9 )NP (PP on (NP the Richter scale )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP spent (NP the morning )NP (S (VP (VP *UNKING (NP buildings )NP (PP for (NP structural weaknesses )NP )PP )VP , (VP *UNKING (PRT up )PRT (NP (NP water )NP (PP from (NP broken *UNK )NP )PP )NP )VP and (VP clearing (NP (NP ceiling *UNK )NP and (NP other debris )NP )NP (PP from (NP factory floors )NP )PP )VP )VP )S )VP . )S  STOP
(S (ADVP Still )ADVP , (NP many )NP (VP were (ADJP confident (SBAR that `` (S (PP in (NP a day (QP or two )QP )NP )PP , (NP everything )NP (VP should (VP be (ADVP back (PP to (ADJP normal )ADJP )PP )ADVP )VP )VP )S )SBAR )ADJP , '' (PP according (PP to (NP (NP a spokeswoman )NP (PP for (NP (NP the Semiconductor Industry Association )NP , (VP based (PP in (NP *UNKC )NP )PP )VP )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP IBM )NP , (PP for (NP instance )NP )PP , (VP said (SBAR (S (NP it )NP (VP anticipates (S (VP returning (PP to (NP a normal work schedule )NP )PP (PP by (NP the weekend )NP )PP (PP at (NP (NP its San Jose plant )NP , (SBAR (WHNP which )WHNP (S (VP puts (PRT out )PRT (NP (NP disk drives )NP (PP for (NP (NP the *UNKN family )NP (PP of (NP mainframes )NP )PP )NP )PP )NP )VP )S )SBAR )NP )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP A Hewlett-Packard spokeswoman )NP (VP said (SBAR that , (S (SBAR while `` (S (NP things )NP (VP are (NP a big mess )NP )VP )S )SBAR , '' (NP (QP some 18,000 )QP Valley employees )NP (VP have (VP been (VP called (ADVP back (PP to (NP work )NP )PP )ADVP (NP today )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Apple Computer )NP (VP added (SBAR that (S (NP it )NP (VP was (VP being `` (ADJP cautiously optimistic )ADJP , '' (PP despite (S (ADVP not yet )ADVP (VP (ADVP closely )ADVP *UNKING (NP (NP all )NP (PP of (NP (NP its 50 buildings )NP (PP in (NP the region )NP )PP )NP )PP )NP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Even the (ADJP carefully *UNKED )ADJP machinery )NP (PP in (NP (NP its giant *UNKC plant )NP , (PP to (NP (NP the north )NP (PP of (NP the Valley )NP )PP )NP )PP , )NP )PP )NP (VP was (VP believed (S (VP to (VP be (ADJP *UNKED )ADJP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Sun Microsystems Inc. )NP and (NP Tandem Computers Inc. )NP )NP (ADVP also )ADVP (VP signaled (SBAR that (S (NP they )NP (VP should (VP recover (ADVP quickly )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Digital Equipment Corp. )NP , (PP with (NP (NP major facilities )NP (PP in (NP (NP Santa Clara )NP , (NP *UNKC )NP , (NP Palo Alto )NP and (NP Mountain View )NP )NP )PP )NP )PP , )NP (VP said (SBAR that (S (NP (NP all )NP (PP of (NP its engineering and manufacturing sites )NP )PP )NP (VP had (VP reported (PP to (NP (NP corporate headquarters )NP (PP in (NP (NP Maynard )NP , (NP Mass. )NP , )NP )PP )NP )PP (NP Tuesday night )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP None )NP (VP sustained (NP `` significant '' damage )NP )VP )S , (NP a spokesman )NP (VP said , (S (VP adding (SBAR that `` (S (NP the delicate manufacturing process machines )NP (VP (VP were (VP *UNKED )VP )VP and (VP were all (VP found (S (VP to (VP be (VP operating (ADVP normally )ADVP )VP )VP )VP )S )VP )VP )VP )S )SBAR )VP )S )VP . '' )S  STOP
(S (PP For (NP many companies )NP )PP , (PP of (NP course )NP )PP , (NP there )NP (VP is (ADVP still )ADVP (NP (NP a *UNK )NP (PP of (NP (NP (NP *UNKING problems )NP (SBAR (S (VP to (VP *UNK (PP with )PP )VP )VP )S )SBAR )NP , (SBAR (WHNP (NP some )NP (WHPP of (WHNP which )WHNP )WHPP )WHNP (S (VP have (NP the potential (S (VP to (VP become (ADJP quite serious )ADJP )VP )VP )S )NP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (PP For (NP example )NP )PP , (NP (NP a spokesman )NP (PP for (NP Advanced *UNKC Devices )NP )PP )NP (VP said (SBAR (S (NP the Sunnyvale chip maker )NP (VP is (ADJP worried (PP about (NP *UNK )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A sudden surge or drop )NP (PP in (NP electric power )NP )PP )NP (VP could (VP *UNK (S (NP integrated circuits )NP (VP being (VP built )VP )VP )S )VP )VP . )S  STOP
(S But , (PP given (SBAR (WHNP what )WHNP (S (VP might (VP have (VP happened (PP to (NP (NP the fragile parts )NP (SBAR (WHNP that )WHNP (S (VP are (PP at (NP (NP the heart )NP (PP of (NP the *UNK business )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP )VP )VP )S )SBAR )PP , (NP (NP the bulk )NP (PP of (NP Valley companies )NP )PP )NP (VP seemed (S (VP to (VP be (VP (ADVP just about )ADVP *UNKING (NP *UNK )NP )VP )VP )VP )S )VP . )S  STOP
(S (NP Several factors )NP (ADVP apparently )ADVP (VP *UNKED (NP (NP the Valley )NP (PRN -- (NP (NP a *UNKING suburban stretch )NP (PP (PP from (NP San Jose )NP )PP (PP to (NP Palo Alto )NP )PP )PP )NP -- )PRN )NP (PP from (NP (NP (NP the kind )NP (PP of (NP impact )NP )PP )NP (VP felt (PP in (NP (NP San Francisco )NP , (NP (NP an hour 's )NP drive north )NP )NP )PP )VP )NP )PP )VP . )S  STOP
(S (PP For (NP one thing )NP )PP , (NP (NP buildings )NP (ADVP there )ADVP )NP (VP tend (S (VP to (VP be (UCP (ADJP newer )ADJP and (PRN , (ADVP thus )ADVP , )PRN (PP in (NP (NP step )NP (PP with (NP the latest safety *UNK )NP )PP )NP )PP )UCP )VP )VP )S )VP . )S  STOP
(S (ADVP Also )ADVP , (NP (NP the soil )NP (PP in (NP the Valley )NP )PP )NP (VP is (ADJP solid )ADJP , (PP unlike (NP (NP the *UNK )NP (PP of (NP (NP (NP San Francisco 's )NP downtown Marina District )NP , (SBAR (WHNP which )WHNP (S (VP was (VP hit (PP with (NP (NP fires )NP and (NP vast destruction )NP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP some *UNK companies )NP (VP said (SBAR (S (NP they )NP (VP were (ADJP prepared (PP for (NP (NP *UNK conditions )NP (PP like (NP Tuesday 's )NP )PP )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP Their machine tools )NP (VP are (ADVP even )ADVP (VP *UNKED (PP to (NP the shop floor )NP )PP )VP )VP . )S  STOP
(S (NP Intel )NP (VP said (SBAR that (S (PP over (NP the past decade )NP )PP , (NP it )NP (VP has (VP installed (NP (NP (NP computer *UNK )NP and (NP *UNK *UNK )NP )NP , (ADJP sensitive (PP to (NP (NP the shake )NP (PP of (NP an earthquake )NP )PP )NP )PP )ADJP , )NP (PP in (NP (NP the *UNK )NP (SBAR (WHNP that )WHNP (S (VP *UNK (PP through (NP its plants )NP )PP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Like (NP other large Valley companies )NP )PP , (NP Intel )NP (ADVP also )ADVP (VP noted (SBAR that (S (NP it )NP (VP has (NP factories )NP (PP in (NP (NP several parts )NP (PP of (NP the nation )NP )PP )NP )PP , (SBAR so that (S (NP (NP a breakdown )NP (PP at (NP one location )NP )PP )NP (VP should n't (VP leave (S (NP customers )NP (PP in (NP a total *UNK )NP )PP )S )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP 's (ADVP certainly )ADVP (NP good news )NP (PP for (NP (NP such companies )NP (PP as (NP (NP Compaq Computer Corp. )NP , (NP Houston )NP , (SBAR (WHNP which )WHNP (S (VP has (NP (NP only a four-day supply )NP (PP of (NP (NP *UNK )NP (PP from (NP the Valley )NP )PP )NP )PP )NP (PP on (NP hand )NP )PP (PP because of (NP (NP a *UNK- manufacturing approach )NP (SBAR (WHNP that )WHNP (S (VP limits (NP (NP the buildup )NP (PP of (NP inventory )NP )PP )NP )VP )S )SBAR )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP Compaq )NP (VP said (SBAR (S (NP it )NP (VP *UNK (NP (NP no difficulties )NP (PP in (S (VP obtaining (NP parts )NP )VP )S )PP (PP in (NP the immediate future )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Computer makers )NP (VP were (VP scrambling (S (VP to (VP help (S (NP customers )NP (VP recover (PP from (NP the disaster )NP )PP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (NP Digital Equipment )NP (VP has (VP set (PRT up )PRT (NP *UNK- response centers )NP (PP in (NP (NP Dallas )NP , (NP Atlanta )NP and (NP (NP Colorado Springs )NP , (NP *UNKC )NP )NP )NP )PP )VP )VP . )S  STOP
(S (NP These units )NP (VP were (VP handling (NP (NP calls )NP (PP both (PP from (NP (NP people )NP (PP in (NP the San Francisco area )NP )PP )NP )PP and (PP from (NP (NP (NP computers )NP (ADVP themselves )ADVP )NP , (SBAR (WHNP which )WHNP (S (VP are (VP set (S (VP to (VP *UNK (NP Digital )NP (ADVP automatically )ADVP (SBAR (WHADVP when )WHADVP (S (NP trouble )NP (VP *UNK )VP )S )SBAR )VP )VP )S )VP )VP )S )SBAR )NP )PP )PP )NP )VP )VP . )S  STOP
(S (NP They )NP (ADVP then )ADVP (VP run (NP (ADJP *UNKLY controlled )ADJP *UNK- programs )NP )VP . )S  STOP
(S (NP Digital )NP (ADVP also )ADVP (VP said (SBAR (S (NP it )NP (VP has (VP dispatched (NP (NP teams )NP (PP of (NP technicians )NP )PP )NP (PP to (NP California )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP several other major installations )NP (PP around (NP (NP the Valley )NP (PRN -- (NP (NP (NP America 's )NP center )NP (PP of (NP high-tech )NP )PP )NP -- )PRN )NP )PP )NP (VP said (SBAR (S (NP they )NP , (ADVP too )ADVP , (VP fared (ADVP (ADVP as well )ADVP (SBAR as (S (VP could (VP be (VP expected )VP )VP )VP )S )SBAR )ADVP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Lawrence *UNKC National Laboratory )NP , (SBAR (WHADVP where )WHADVP (S (NP the Energy Department )NP (VP (VP tests )VP and (VP *UNK (NP (NP research )NP (PP on )PP )NP )VP (NP nuclear weapons )NP )VP )S )SBAR , )NP (VP had (ADVP only )ADVP `` (NP *UNK damage )NP )VP )S , '' (NP a spokesman )NP (VP said )VP . )S  STOP
(S (PP At (NP (NP (NP Lockheed Corp. 's )NP missiles and space systems group )NP (PP in (NP (NP Sunnyvale )NP , (ADVP (NP (QP about 40 )QP miles )NP south (PP of (NP San Francisco )NP )PP )ADVP )NP )PP )NP )PP , (NP workers )NP (VP were (VP asked (S (VP to (VP head (PP to (NP work )NP )PP )VP )VP )S (NP yesterday )NP (SBAR after (S (NP (NP it )NP )NP (VP was (VP realized (SBAR that `` (S (NP there )NP (VP were (NP no *UNK- )NP '' (PP in (NP (NP the *UNK- buildings )NP (PP on (NP its *UNK- *UNK )NP )PP )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (S (NP Several engineering and research offices )NP (VP needed (NP closer scrutiny )NP (S (VP to (VP make (S (ADJP sure )ADJP (SBAR (S (NP they )NP (VP were n't (PP in (NP (NP danger )NP (PP of (NP *UNKING )NP )PP )NP )PP )VP )S )SBAR )S )VP )VP )S )VP )S , but `` (S (NP (NP the bulk )NP (PP of (NP the place )NP )PP )NP (VP is (PP in (NP (ADJP pretty good )ADJP shape )NP )PP )VP )S )S , '' (NP an official )NP (VP said )VP . )S  STOP
(S (NP (NP (NP One )NP (PP of (NP (NP Lockheed 's )NP (ADJP most lucrative )ADJP sectors )NP )PP )NP (PRN -- (VP accounting (PP for (NP (NP (QP more than half )QP (NP the aerospace company 's )NP (QP $ *UNKN billion )QP )NP (PP in (NP sales )NP )PP )NP )PP (PP in (NP 1988 )NP )PP )VP -- )PRN (NP the missiles and space group )NP )NP (VP is (NP (NP the prime Pentagon contractor )NP (PP on (NP the *UNKC II *UNK missile )NP )PP )NP )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP generates (NP (NP pieces )NP (PP of (NP (NP the missile shield )NP (VP called (S (NP the Strategic Defense *UNKC )NP )S )VP )NP )PP )NP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP (NP the *UNKC Space *UNKC )NP (PRN -- (VP set (S (VP to (VP be (VP launched (PP on (NP the shuttle )NP )PP (NP next year )NP (PP in (NP (NP a search )NP (PP for (NP (NP distant solar systems )NP and (NP (NP light )NP (VP *UNKED (ADVP (NP 14 billion years )NP ago )ADVP (PP from (NP (NP the *UNK reaches )NP (PP of (NP the universe )NP )PP )NP )PP )VP )NP )NP )PP )NP )PP )VP )VP )VP )S )VP -- )PRN )NP (VP was (VP moved (PP from (NP Sunnyvale )NP )PP (PP to (NP (NP the Kennedy Space Center )NP (PP in (NP Florida )NP )PP )NP )PP (PP at (NP (NP the beginning )NP (PP of (NP October )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP John R. *UNKC )NP (VP *UNKED (PP to (NP this article )NP )PP )VP . )S  STOP
(S (NP Michael Maynard )NP (VP offered (NP the world )NP (NP (NP a faster way )NP (SBAR (S (VP to (VP break (NP eggs )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP As (NP thanks )NP )PP , (NP the egg industry )NP (VP tried (S (VP to (VP break (NP him )NP )VP )VP )S )VP . )S  STOP
(S And (NP the egg producers )NP (VP have (VP done (NP a (ADJP pretty good )ADJP job )NP )VP )VP . )S  STOP
(S (NP They )NP (VP tried (S (VP to (VP put (S (NP Mr. Maynard )NP (ADJP out (PP of (NP business )NP )PP )ADJP )S (PP by (NP (NP an act )NP (PP of (NP Congress )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC lobbying )NP (VP helped (S (VP persuade (NP six states )NP (S (VP to (VP ban (NP (NP Mr. Maynard 's )NP automatic *UNKING machine )NP (PP because of (NP (NP fears )NP (PP over (NP *UNK )NP )PP )NP )PP )VP )VP )S )VP )S )VP . )S  STOP
(S (NP (NP His company )NP , (NP *UNKC Manufacturing Inc. )NP , )NP (VP (VP was (VP forced (S (VP to (VP seek (NP (NP protection )NP (PP from (NP creditors )NP )PP )NP (PP under (NP federal bankruptcy law )NP )PP )VP )VP )S (PP in (NP 1987 )NP )PP )VP )VP and (VP has (ADVP since )ADVP (VP been (VP liquidated )VP )VP )VP )VP . )S  STOP
(SINV (S (NP (NP *UNKLY sales )NP (PP of (NP (NP his Egg King machine )NP (PRN -- (SBAR (WHNP which )WHNP (S (NP he )NP (ADVP now )ADVP (VP is (VP marketing (PP through (NP a new company )NP )PP )VP )VP )S )SBAR -- )PRN )NP )PP )NP (VP have (VP *UNK (PP to (NP (QP about half a dozen )QP )NP )PP (PP from (NP (NP a peak )NP (PP of (NP 75 )NP )PP )NP )PP )VP )VP )S , (VP says )VP (NP the *UNK- businessman )NP . )SINV  STOP
(S (NP Mr. Maynard )NP (VP is n't (NP (NP the first entrepreneur )NP (SBAR (S (VP to (VP *UNK (PRT up )PRT (PP against (NP *UNKED interests )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S But (NP his case )NP (VP is (ADJP *UNK )ADJP (PP both (PP for (NP (NP (NP the scale )NP (PP of (NP the fight )NP )PP )NP (PRN -- (S (NP it )NP (VP is n't (ADVP often )ADVP (SBAR (WHADVP that )WHADVP (S (NP a congressional hearing )NP (VP is (VP held (S (VP to (VP determine (SBAR whether (S (NP one small businessman )NP (VP is (NP (NP a threat )NP (PP to (NP the *UNK )NP )PP )NP )VP )S )SBAR )VP )VP )S )VP )VP )S )SBAR )VP )S -- )PRN )NP )PP and (PP for (SBAR (WHNP what )WHNP (S (NP it )NP (VP tells (PP about (NP (NP the *UNK )NP (PP of (S (VP marketing (NP a new product )NP )VP )S )PP )NP )PP )VP )S )SBAR )PP )PP )VP . )S  STOP
(S (ADVP Now )ADVP (NP one )NP (VP might (VP ask (SBAR (WHADVP why )WHADVP (S (NP (NP people )NP (SBAR (WHNP who )WHNP (S (VP sell (NP eggs )NP )VP )S )SBAR )NP (VP would (VP fight (NP (NP someone )NP (SBAR (WHNP who )WHNP (S (VP is (VP trying (S (VP to (VP make (S (NP (NP it )NP )NP (ADJP easier )ADJP (S (VP to (VP crack (NP them )NP )VP )VP )S )S )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Part )NP (PP of (NP the answer )NP )PP )NP (VP lies (PP in (NP (NP the nature )NP (PP of (NP the industry )NP )PP )NP )PP )VP . )S  STOP
(S (NP Many larger egg producers )NP (VP are (ADVP also )ADVP (NP (NP egg *UNK )NP , (SBAR (WHNP who )WHNP (S (VP crack , *UNK , and *UNK (NP (NP billions )NP (PP of (NP eggs )NP )PP )NP , (S (VP turning (NP them )NP (PP into (NP (ADJP *UNKED , *UNKED or frozen )ADJP egg products )NP )PP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP However )ADVP , (NP (NP dozens )NP (PP of (NP (NP *UNK )NP , (NP restaurant *UNK )NP and (NP other food *UNK )NP )NP )PP (SBAR (WHNP who )WHNP (S (VP *UNKED (PP to (NP (NP Mr. Maynard 's )NP defense )NP )PP )VP )S )SBAR )NP (VP say (SBAR that (S (NP (NP products )NP (VP ranging (PP (PP from (NP egg bread )NP )PP (PP to (NP *UNK )NP )PP )PP )VP )NP (VP lose (NP some *UNK )NP (SBAR (WHADVP when )WHADVP (S (NP the eggs )NP (VP come (PP in (NP (NP *UNK- cans )NP (CONJP instead of )CONJP (NP *UNK )NP )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S But (PP for (NP (NP companies )NP (SBAR (WHNP that )WHNP (S (VP use (NP (NP (NP hundreds )NP (PP of (NP eggs )NP )PP )NP (NP a day )NP )NP )VP )S )SBAR )NP )PP , (S (VP breaking (NP them )NP (PP by (NP hand )NP )PP )VP )S (VP can (VP get , (ADVP well )ADVP , (ADJP out (PP of (NP hand )NP )PP )ADJP )VP )VP . )S  STOP
(S (S (NP (NP The idea )NP (PP behind (NP the Egg King )NP )PP )NP (VP is (NP pretty simple )NP )VP )S : (S (VP (VP put (NP the eggs )NP (PP into (NP (NP a *UNK )NP (SBAR (WHNP that )WHNP (S (VP contains (NP *UNKED baskets )NP )VP )S )SBAR )NP )PP )VP , (VP spin (NP them )NP (PP at (NP a high speed )NP )PP (S (VP to (VP break (NP the *UNK )NP )VP )VP )S )VP and (VP strain (NP the *UNK part )NP (PP through (NP the baskets )NP )PP )VP )VP )S . )S  STOP
(S (NP (NP One Egg King )NP (PRN -- (SBAR (WHNP which )WHNP (S (PP at (PP (ADVP just under )ADVP (ADJP (ADJP (NP four feet )NP tall )ADJP and (ADJP (NP two feet )NP wide )ADJP )ADJP )PP )PP (VP has (VP been (VP *UNKED (PP to (NP (NP the *UNK )NP (NP *UNKC )NP )NP )PP )VP )VP )VP )S )SBAR -- )PRN )NP (VP can (VP crack (NP (NP (QP about 20,000 )QP eggs )NP (NP an hour )NP )NP )VP )VP . )S  STOP
(SINV (S (SBAR Because (S (NP fresh eggs )NP (VP are (ADJP (ADJP less expensive )ADJP (PP than (NP processed ones )NP )PP )ADJP )VP )S )SBAR , (NP a big egg user )NP (VP can (VP recover (NP (NP the Egg King 's )NP (ADJP $ *UNKN )ADJP cost )NP (PP in (NP a few months )NP )PP )VP )VP )S , (VP says )VP (NP Mr. Maynard )NP . )SINV  STOP
(S (NP Such *UNK egg breakers )NP (VP have (VP been (ADJP around )ADJP (PP since (NP the *UNK )NP )PP )VP )VP . )S  STOP
(S But (SBAR (WHADVP when )WHADVP (S (NP Mr. Maynard )NP (VP came (ADVP forward )ADVP (PP with (NP his machine )NP )PP (PP in (NP the early 1970s )NP )PP )VP )S )SBAR (NP (NP nobody )NP (ADJP else )ADJP )NP (VP was (VP offering (NP them )NP (PP in (NP the U.S. )NP )PP )VP )VP . )S  STOP
(NP (NP The main reason )NP : (NP *UNK )NP . )NP  STOP
(S (NP *UNKC )NP (VP carry (NP (NP this bacteria )NP , (SBAR (WHNP which )WHNP (S (VP can (VP cause (NP (NP upset *UNK )NP and (PRN , (PP in (NP rare cases )NP )PP , )PRN (NP death )NP )NP (PP among (NP people )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP *UNKC )NP (ADVP sometimes )ADVP (VP pass (NP *UNK )NP (PP to (NP the eggs )NP )PP )VP )S , and (S (NP it )NP (VP can (ADVP also )ADVP (VP be (VP found (PP on (NP *UNK *UNK )NP )PP )VP )VP )VP )S . )S  STOP
(S (ADVP Thus )ADVP , (NP (NP any machine )NP (SBAR (WHNP that )WHNP (S (VP breaks (NP (NP large amounts )NP (PP of (NP eggs )NP )PP )NP (ADVP at once )ADVP )VP )S )SBAR )NP (VP has (NP the potential (S (VP to (VP spread (NP *UNK )NP )VP )VP )S )NP (SBAR if (S (NP a bad egg )NP (VP gets (ADJP in )ADJP (PP with (NP the good ones )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Maynard )NP (VP claims (SBAR (S (NP this )NP (VP is (NP a *UNK problem )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The Egg King )NP (VP carries (NP written instructions (S (VP (VP to (VP break (NP (NP only *UNK- eggs )NP (SBAR (WHNP that )WHNP (S (VP have (VP been (VP (ADVP properly )ADVP *UNKED )VP )VP )VP )S )SBAR )NP )VP )VP and , (VP (PP as (NP an added *UNK )NP )PP , to (VP use (NP the eggs )NP (PP (ADVP only )ADVP in (NP (NP products )NP (SBAR (WHNP that )WHNP (S (VP will (VP be (VP *UNKED (ADVP enough (S (VP to (VP kill (NP bacteria )NP )VP )VP )S )ADVP )VP )VP )VP )S )SBAR )NP )PP )VP )VP )VP )S )NP )VP . )S  STOP
(S (S (SBAR With (S (NP (QP nearly 4,000 )QP machines )NP (PP in (NP use )NP )PP )S )SBAR , (NP there )NP (VP have (VP been (NP no *UNK problems )NP (ADVP (ADVP as long )ADVP (SBAR as (S (NP instructions )NP (VP were (VP followed )VP )VP )S )SBAR )ADVP )VP )VP )S , (NP Mr. Maynard )NP (VP boasts )VP . )S  STOP
(S (NP He )NP (VP says (SBAR (S (NP (NP the handful )NP (PP of (NP *UNK cases )NP )PP (VP involving (NP (NP products )NP (SBAR (WHNP that )WHNP (S (VP may (VP have (VP used (NP (NP eggs )NP (VP broken (PP by (NP an Egg King )NP )PP )VP )NP )VP )VP )VP )S )SBAR )NP )VP )NP (VP stemmed (PP from (NP a failure (S (VP to (VP (ADVP adequately )ADVP *UNK (NP the products )NP )VP )VP )S )NP )PP )VP )S )SBAR )VP . )S  STOP
(S But (NP he )NP (VP says (SBAR (S (NP that )NP (VP 's (NP (NP (ADJP no more )ADJP a reason )NP (PP for (S (VP banning (NP Egg *UNKC )NP )VP )S )PP (SBAR than (S (NP bad drivers )NP (VP are (NP (NP a reason )NP (PP for (S (VP banning (NP cars )NP )VP )S )PP )NP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP do n't (VP buy (NP such arguments )NP )VP )VP . )S  STOP
(SINV `` (S (S (NP Human nature )NP (VP being (SBAR (WHNP what )WHNP (S (NP it )NP (VP is )VP )S )SBAR )VP )S , (NP people )NP (VP do n't (ADVP always )ADVP (VP follow (NP instructions )NP )VP )VP )S , '' (VP says )VP (NP (NP Jack *UNKC )NP , (NP (NP chief )NP (PP of (NP food protection )NP )PP (PP for (NP the New York state Health Department )NP )PP )NP )NP . )SINV  STOP
(SINV (VP Leading (NP (NP the assault )NP (PP against (NP the Egg King )NP )PP )NP )VP (VP has (VP been )VP )VP (NP United Egg *UNKC )NP . )SINV  STOP
(S (NP The (NAC *UNKC , Ga. , )NAC trade group )NP (VP has (VP issued (NP (NP a `` *UNKING book '' )NP (SBAR (WHNP that )WHNP (S (VP claims (SBAR (SBAR (S (NP the machine )NP (VP is `` (NP a health *UNK )NP '' )VP )S )SBAR and (SBAR that (S (NP Mr. Maynard )NP (VP is (VP trying `` (S (VP to (VP make (NP a fast *UNK )NP (PP at (NP (NP the expense )NP (PP of (NP (NP the nation 's )NP egg producers )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )SBAR )VP )S )SBAR )NP )VP )VP . '' )S  STOP
(S (S (NP The *UNKC )NP (VP declines (S (VP to (VP comment )VP )VP )S )VP )S , but (S (NP (NP (NP the group 's )NP attorney )NP , (NP Alfred *UNKC )NP , )NP (VP says (SBAR (S (NP (NP the group 's )NP actions )NP (VP are (VP *UNKED (ADVP solely )ADVP (PP by `` (NP health concerns )NP )PP )VP )VP )S )SBAR )VP )S . '' )S  STOP
(S (NP An early *UNK )NP (VP was (NP (NP the U.S. Department )NP (PP of (NP Agriculture )NP )PP )NP )VP . )S  STOP
(S (NP Mr. Maynard )NP (ADVP initially )ADVP (VP won (NP approval )NP (SBAR for (S (NP his machine )NP (VP to (VP be (VP used (PP at (NP (NP *UNKING facilities )NP (VP regulated (PP by (NP (NP the *UNKC 's )NP Food Safety *UNKC Service )NP )PP )VP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Unfortunately (PP for (NP Mr. Maynard )NP )PP )ADVP , (NP (NP (NP another branch )NP (PP of (NP the *UNKC )NP )PP )NP , (NP the *UNKC Marketing Service )NP , )NP (VP was (PP in (NP (NP charge )NP (PP of (NP eggs )NP )PP )NP )PP )VP . )S  STOP
(S (PP After (S (VP receiving (NP complaints )NP (PP from (NP egg producers )NP )PP )VP )S )PP , (NP this branch )NP (VP got (S (NP the other branch )NP (VP to (VP *UNK (NP its approval )NP )VP )VP )S , (S (ADVP thus )ADVP (VP limiting (NP (NP the machine 's )NP potential market )NP (PP to (NP (NP (NP *UNK )NP and (NP restaurants )NP and (NP other *UNK )NP )NP (SBAR (WHNP that )WHNP (S (VP are n't (VP regulated (PP by (NP the *UNKC )NP )PP )VP )VP )S )SBAR )NP )PP )VP )S )VP . )S  STOP
(S (NP The egg producers )NP (ADVP also )ADVP (VP *UNKED (NP the Food and Drug Administration )NP )VP . )S  STOP
(S But (NP the FDA )NP (PP in (NP (NP a 1985 letter )NP (PP to (NP the United Egg *UNKC )NP )PP )NP )PP (VP said (SBAR that (S (NP there )NP (VP was (NP `` (NP little likelihood )NP '' (PP of (NP a health problem )NP )PP )NP (ADVP (ADVP as long )ADVP (SBAR as (S (NP instructions )NP (VP were (VP followed )VP )VP )S )SBAR )ADVP )VP )S )SBAR )VP . )S  STOP
(S So (NP the producers )NP (VP went (PP to (NP (NP Capitol Hill )NP , (SBAR (WHADVP where )WHADVP (S (NP (NP a congressman )NP (PP from (NP Georgia )NP )PP )NP (VP introduced (NP a measure (S (VP to (VP ban (NP *UNK *UNKING machines )NP )VP )VP )S )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (S (NP (NP Mr. Maynard )NP , (SBAR (WHNP whose company )WHNP (S (PP at (NP the time )NP )PP (VP was (VP based (PP in (NP (NP Santa *UNKC )NP , (NP Calif. )NP , )NP )PP )VP )VP )S )SBAR )NP (VP *UNKED (NP his local congressman )NP )VP )S , and (S (NP the battle )NP (VP was (VP joined )VP )VP )S . )S  STOP
(S (NP (NP Mr. Maynard 's )NP forces )NP (ADVP finally )ADVP (VP defeated (NP the measure )NP , (SBAR though (S (NP (NP it )NP )NP (VP took (NP (NP a vote )NP (PP on (NP (NP the floor )NP (PP of (NP (NP the House )NP (PP of (NP Representatives )NP )PP )NP )PP )NP )PP )NP (S (VP to (VP do (NP it )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (ADVP Even then )ADVP , (NP opponents )NP (VP managed (S (VP to (VP get (S (NP a congressional hearing )NP (VP to (VP examine (SBAR (WHNP what )WHNP (S (NP one congressman )NP (VP called (S (NP (NP an `` *UNK '' method )NP (PP for (S (VP breaking (NP eggs )NP )VP )S )PP )NP )S )VP )S )SBAR )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (S (VP *UNKED (PP in (NP their effort (S (VP to (VP get (NP a national ban )NP )VP )VP )S )NP )PP )VP )S , (NP the egg producers )NP (VP turned (NP their attention )NP (PP to (NP the states )NP )PP )VP . )S  STOP
(S (ADVP So far )ADVP , (NP (NP New York )NP , (NP New Jersey )NP , (NP Nebraska )NP , (NP Georgia )NP , (NP Michigan )NP and (NP Minnesota )NP )NP (VP have (VP *UNKED (NP (NP Mr. Maynard 's )NP device )NP , (S (VP citing (NP health concerns )NP )VP )S )VP )VP . )S  STOP
(S (NP (NP An antitrust suit )NP (SBAR (WHNP that )WHNP (S (NP (NP Mr. Maynard 's )NP company )NP (VP filed (PP in (NP Los Angeles federal court )NP )PP (PP against (NP (NP the United Egg *UNKC )NP and (NP others )NP )NP )PP )VP )S )SBAR )NP (ADVP only )ADVP (VP added (PP to (NP (NP the entrepreneur 's )NP woes )NP )PP )VP . )S  STOP
(S (NP The judge )NP (VP (VP dismissed (NP the suit )NP )VP and (VP ordered (NP (NP Mr. Maynard 's )NP company )NP (S (VP to (VP pay (NP (NP (QP over $ 100,000 )QP )NP (PP in (NP legal fees )NP )PP )NP (PP to (NP (NP the defendants ' )NP lawyers )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP Mr. Maynard )NP (VP says (SBAR (S (NP the ruling )NP (VP pushed (NP his company )NP (PP into (NP bankruptcy court )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Now )ADVP (NP he )NP (VP has (VP (VP moved (PP to (NP (NP Oklahoma )NP (SBAR (WHADVP where )WHADVP (S (NP costs )NP (VP are (ADJP lower )ADJP )VP )S )SBAR )NP )PP )VP , and (VP started (NP (NP (NP a new company )NP , (NP *UNKC Inc. )NP , )NP (SBAR (S (VP to (VP market (NP his machine )NP )VP )VP )S )SBAR )NP )VP )VP )VP . )S  STOP
(S But , (ADVP so far )ADVP , (NP (NP the change )NP (PP of (NP *UNK )NP )PP )NP (VP has n't (VP ended (NP (NP his string )NP (PP of (NP bad breaks )NP )PP )NP )VP )VP . )S  STOP
(S (NP Mr. Maynard )NP (ADVP recently )ADVP (VP (VP fell (PP from (NP a horse )NP )PP )VP and (VP *UNKED (NP his arm )NP )VP )VP . )S  STOP
(S (NP *UNKC Pfeiffer )NP (VP ca n't (VP (VP *UNK (NP gum )NP )VP and (VP *UNKING )VP (PP at (NP the same time )NP )PP )VP )VP . )S  STOP
(S But (PP on (NP (NP the evidence )NP (PP of `` (NP The *UNKC Baker *UNKC )NP )PP )NP )PP , '' (NP that )NP (VP may (VP be (NP (NP the only thing )NP (SBAR (S (NP she )NP (VP ca n't (VP do )VP )VP )S )SBAR )NP , (SBAR (ADVP at least )ADVP (WHADVP when )WHADVP (S (NP she )NP (VP 's (VP acting (PP in (NP movies )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP As (NP (NP the tough , *UNK *UNK *UNK )NP (PP in `` (NP The *UNKC Baker *UNKC )NP )PP )NP )PP , '' (NP Ms. Pfeiffer )NP (VP *UNK (UCP (PP for (NP herself )NP )PP , and (ADVP more than *UNKLY well )ADVP )UCP )VP . )S  STOP
(S (NP Her *UNKC *UNKC )NP (VP handles (NP a song )NP (NP (NP the way )NP (SBAR (S (NP the *UNK )NP (VP do )VP )S )SBAR , (SBAR like (S (S (NP she )NP (VP 's (VP hearing (NP (NP the way )NP (SBAR (S (NP it )NP (VP should (VP sound )VP )VP )S )SBAR )NP (PP inside (NP her head )NP )PP )VP )VP )S and (S (NP she )NP (VP 's (VP concentrating (PP on (S (VP matching (NP that internal tone )NP )VP )S )PP )VP )VP )S )S )SBAR )NP )VP . )S  STOP
(S Yet (NP her *UNK )NP (VP *UNK and starts (PP with (NP the music )NP )PP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP she )NP (VP is n't (VP performing (PP for (NP an audience )NP )PP )VP )VP )S )SBAR , (NP she )NP (VP (VP prepares (PP for (NP a song )NP )PP (PP by (S (VP removing (NP (NP the *UNK )NP (PP of (NP gum )NP )PP )NP (PP from (NP her *UNK )NP )PP )VP )S )PP )VP , and (VP indicates (SBAR that (S (NP she )NP (VP 's (VP finished )VP )VP )S )SBAR (PP by (S (VP sticking (NP the gum )NP (ADVP back )ADVP (PP in )PP )VP )S )PP )VP )VP . )S  STOP
(S (PP Like (NP (NP almost everything )NP (PP in (NP this (ADJP (ADJP *UNKLY *UNK )ADJP and (ADJP *UNK )ADJP )ADJP movie )NP )PP )NP )PP , (NP (NP Ms. Pfeiffer 's )NP *UNKC )NP (VP seems (PP like (NP (NP someone )NP (SBAR (S (NP you )NP (VP 've (VP seen (ADVP before )ADVP , (PP in (NP numerous *UNK- stories )NP )PP )VP )VP )S )SBAR )NP )PP (PRN -LRB- (S (NP (NP even her name )NP , (NP *UNKC *UNKC )NP , )NP (VP sounds (PP like (NP (NP a character )NP (SBAR (S (NP *UNKC *UNKC )NP (VP must (VP have (VP played )VP )VP )VP )S )SBAR )NP )PP )VP )S -RRB- )PRN )VP . )S  STOP
(S Yet (NP (NP (NP nothing )NP (PP about `` (NP Baker *UNKC )NP )PP )NP , '' and (ADVP certainly )ADVP (NP (NP nothing )NP (PP about (NP Ms. Pfeiffer )NP )PP )NP , )NP (ADVP really )ADVP (VP is (PP like (NP (NP something )NP (PP from (NP the video *UNK )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP (NP Steve *UNKC )NP , (NP the young writer and director )NP (PRN -LRB- (S (NP he )NP (VP is n't (ADVP yet )ADVP (NP 30 )NP )VP )S -RRB- )PRN , )NP (VP has (NP (NP (QP only one )QP produced picture )NP (PP to (NP his credit )NP )PP )NP )VP )S ; (S (NP he )NP (VP wrote (NP (NP the *UNK )NP (PP for (NP `` (S (VP *UNKING (PP With (NP the Moon )NP )PP )VP )S , '' (NP (NP a *UNKLY *UNK- picture )NP (VP set (PP in (NP the *UNK )NP )PP )VP )NP )NP )PP )NP )VP )S . )S  STOP
(S (NP Both movies )NP (VP are (VP *UNKED (PP with (NP (NP the *UNK *UNK )NP (PP of (NP (NP (NP someone )NP (ADJP much older )ADJP )NP , (NP (NP someone )NP (SBAR (SBAR (WHNP who )WHNP (S (VP does n't (VP *UNK (NP *UNK )NP )VP )VP )S )SBAR , but (SBAR (WHNP who )WHNP (S (ADVP also )ADVP (VP has (NP enough experience (S (VP to (VP see (NP his limits )NP )VP )VP )S )NP )VP )S )SBAR )SBAR )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (ADVP However )ADVP , (NP Mr. *UNKC )NP (VP directs (NP his own material )NP (PP (PP without (NP *UNK )NP )PP and (PP at (NP its own *UNK pace )NP )PP )PP )VP )S ; (S `` (NP Baker *UNKC )NP '' (VP is (ADJP both *UNK and funny )ADJP )VP )S . )S  STOP
(S (NP He )NP (VP 's (VP put (NP a fresh spin )NP (PP on (NP (NP (NP material )NP (SBAR (WHNP that )WHNP (S (VP could (VP come (PRT off )PRT (ADJP *UNKLY *UNKED )ADJP )VP )VP )S )SBAR )NP ; (PP for (NP example )NP )PP , (NP (NP the way )NP (SBAR (S (NP *UNKC )NP (VP *UNK (NP an audience )NP (NP (NP the first time )NP (SBAR (S (NP she )NP (VP *UNK (PP with (NP the Baker *UNKC )NP )PP )VP )S )SBAR )NP )VP )S )SBAR )NP )NP )PP )VP )VP . )S  STOP
(S (PP Of (NP course )NP )PP , (NP (NP it )NP )NP (VP does n't (VP hurt (SBAR that (S (NP Mr. *UNKC )NP (VP has (VP made (PRT up )PRT (PP for (NP (NP his lack )NP (PP of (NP experience )NP )PP (PP behind (NP the camera )NP )PP )NP )PP (PP with (NP (NP technicians )NP (SBAR (WHNP who )WHNP (S (VP know (SBAR (WHNP exactly what )WHNP (S (NP they )NP (VP 're (VP doing )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Much )NP (PP of (NP (NP the picture 's )NP *UNK )NP )PP )NP (VP *UNK (PP from (NP (NP *UNK Michael *UNKC 's )NP (ADJP *UNKLY *UNK )ADJP *UNK work )NP )PP )VP . )S  STOP
(S (PP After (S (VP working (PP for (NP years )NP )PP (PP (PP with (NP (NP Werner *UNKC *UNKC )NP , (NP the late German director )NP )NP )PP , and (ADVP more recently )ADVP (PP with (NP (NP Martin *UNKC )NP (PRN -LRB- (NP `` (NP After *UNKC )NP , '' `` (NP (NP The Color )NP (PP of (NP Money )NP )PP )NP , '' `` (NP (NP The Last *UNKC )NP (PP of (NP *UNKC )NP )PP )NP '' )NP -RRB- )PRN )NP )PP )PP )VP )S )PP , (NP Mr. *UNKC )NP (VP has (VP developed (NP a (ADJP *UNKLY *UNK )ADJP style )NP )VP )VP . )S  STOP
(S And (NP (NP Dave *UNKC 's )NP *UNK score )NP (VP *UNK (NP (NP the *UNK requirements )NP (PP of (NP *UNK- *UNK )NP )PP )NP (PRN -LRB- (S `` (NP *UNKC )NP '' (VP is (NP a must )NP )VP )S -RRB- )PRN (PP without (NP *UNK )NP )PP )VP . )S  STOP
(S (SBAR Though (S (NP Ms. Pfeiffer )NP (VP has (NP the *UNK part )NP (PRN -- (S (NP she )NP (VP gets (UCP (NP the best comic *UNK )NP and (S (VP to (VP wear (NP glamorous *UNK )NP and (NP *UNKED heels )NP )VP )VP )S )UCP )VP )S )PRN )VP )S )SBAR (NP the *UNK )NP (VP are (ADJP pretty great )ADJP , (ADVP too )ADVP )VP . )S  STOP
(S (NP (SBAR (WHNP What )WHNP (S (VP seemed (PP like (NP a good idea )NP )PP )VP )S )SBAR , (S (VP to (VP cast (NP (NP the *UNKC brothers )NP (PRN -LRB- (NP Jeff and *UNKC )NP -RRB- )PRN )NP (PP as (NP the Baker brothers )NP )PP )VP )VP )S , )NP (ADVP actually )ADVP (VP turned (PRT out )PRT (S (VP to (VP be (NP a good idea )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC )NP (SBAR (WHNP who )WHNP (S (VP 's (VP tried (S (VP to (VP appear `` (ADJP natural )ADJP '' )VP )VP )S (PP in (NP (NP front )NP (PP of (NP a camera )NP )PP )NP )PP )VP )VP )S )SBAR )NP (VP knows (SBAR that (S (NP (NP it )NP )NP (VP 's (ADJP (ADVP much more )ADVP natural )ADJP (S (VP to (VP end (ADVP up )ADVP (S (VP looking (PP like (NP a stiff )NP )PP )VP )S )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S So (NP (NP it )NP )NP (VP 's (ADJP quite possible )ADJP (SBAR (SBAR that (S (NP (NP the *UNK play )NP (PP between (NP the brothers )NP )PP )NP (VP is n't (ADJP natural )ADJP (ADVP at all )ADVP )VP )S )SBAR , (SBAR that (S (NP Jeff and *UNKC )NP (VP had (S (VP to (VP work (PP like (ADJP crazy )ADJP )PP (S (VP to (VP make (S (NP (NP their *UNKLY love )NP (PRN -- and (NP *UNK and frustration and *UNK )NP -- )PRN )NP (VP seem (ADJP so very real )ADJP )VP )S )VP )VP )S )VP )VP )S )VP )S )SBAR )SBAR )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP the movie )NP (VP opens )VP )S )SBAR (NP the Baker brothers )NP (VP are (VP doing (NP (SBAR (WHNP what )WHNP (S (NP they )NP (VP 've (VP (VP done (PP for (NP 15 years )NP )PP (ADVP *UNKLY )ADVP )VP , and (VP (ADVP (ADVP twice as long )ADVP (PP as (NP that )NP )PP )ADVP (PP for (NP themselves )NP )PP )VP )VP )VP )S )SBAR : (S (NP They )NP (VP 're (VP playing (NP *UNK *UNK )NP , (ADVP *UNK- )ADVP , (PP on (NP *UNK *UNK )NP )PP )VP )VP )S )NP )VP )VP . )S  STOP
(S (NP They )NP (VP 're (NP small time )NP (PP in (NP (NP (NP (NP the small *UNK- )NP (PRN -LRB- not (NP the best ones )NP -RRB- )PRN )NP and (NP restaurants )NP )NP (PP in (NP Seattle )NP )PP )NP )PP )VP . )S  STOP
(S Yet (NP they )NP (VP do n't (VP *UNK (NP their audiences )NP (PP by (S (VP *UNKING (NP their act )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP They )NP (VP wear (NP *UNK )NP (NP most nights )NP , (SBAR unless (S (NP (NP circumstances )NP (PRN -LRB- (NP (NP a regular *UNK )NP (PP at (NP a `` *UNK '' *UNK )NP )PP )NP , (PP for (NP example )NP )PP -RRB- )PRN )NP (VP require (S (NP them )NP (VP to (VP wear (NP (NP special *UNK )NP , (PP like (NP *UNKC *UNK )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC *UNKC )NP , (S (VP looking (ADJP eager (S (VP to (VP *UNK )VP )VP )S )ADJP (PP with (NP his (NX (NX *UNKED *UNK )NX and (NX round face )NX )NX )NP )PP )VP )S , (VP plays (NP (NP the older brother )NP , (NP Frank )NP )NP )VP . )S  STOP
(S (NP Frank )NP (VP (VP plans (NP the program )NP )VP , (VP takes (NP care )NP (PP of (NP business )NP )PP )VP , and (VP approaches (NP the work )NP (PP like (NP any other job )NP )PP )VP )VP . )S  STOP
(S (NP He )NP (VP 's (ADVP even )ADVP (ADJP able (S (VP to (VP think (PP of (NP (NP a job )NP (SBAR (WHNP that )WHNP (S (VP takes (NP him )NP (ADVP out (PP of (NP the house )NP )PP )ADVP (NP (NP 300 nights )NP (NP a week )NP )NP )VP )S )SBAR )NP )PP (PP as (NP an ordinary job )NP )PP )VP )VP )S )ADJP )VP . )S  STOP
(S (S (NP He )NP (VP 's (VP got (NP (NP a wife )NP and (NP two kids )NP and (NP (NP a house )NP (PP in (NP the *UNK )NP )PP )NP )NP )VP )VP )S ; (S (NP the audience )NP (VP sees (NP only the house )NP (FRAG , and (ADVP only )ADVP (PP near (NP (NP the end )NP (PP of (NP the movie )NP )PP )NP )PP )FRAG )VP )S . )S  STOP
(S (NP Frank )NP (VP *UNK (NP a little )NP (PP for (NP the *UNK )NP )PP , (ADVP (ADVP probably no more or less )ADVP (SBAR than (S (NP he )NP (VP would (VP have (S (VP to )VP )S (SBAR if (S (NP he )NP (VP worked (PP for (NP a big corporation )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )ADVP )VP . )S  STOP
(S (PP On (NP his *UNK- )NP )PP (NP he )NP (VP *UNK (NP *UNK *UNK )NP )VP . )S  STOP
(S (S (NP Jeff *UNKC )NP (VP is (NP (NP the younger brother )NP , (NP Jack )NP , (SBAR (WHNP who )WHNP (S (VP *UNK (S (NP himself )NP (NP the *UNK artist )NP )S )VP )S )SBAR )NP )VP )S ; (S (NP he )NP (VP lives (PP in (NP a *UNK )NP )PP (PP with (NP (NP his sick dog )NP and (NP (NP the *UNK visit )NP (PP from (NP (NP (NP the little *UNK )NP *UNK )NP , (SBAR (WHNP who )WHNP (S (VP *UNK (PP down (NP the fire escape )NP )PP )VP )S )SBAR )NP )PP )NP )NP )PP )VP )S . )S  STOP
(S (S Yet (NP Jack )NP (VP 's (NP (NP the one )NP (SBAR (WHNP who )WHNP (S (VP can (VP remember (UCP (NP (NP every *UNK )NP (SBAR (S (NP they )NP (ADVP ever )ADVP (VP played )VP )S )SBAR )NP , and (FRAG (WHADVP when )WHADVP )FRAG )UCP )VP )VP )S )SBAR )NP )VP )S , and (S (NP he )NP (VP (ADVP *UNKLY )ADVP shows (PRT up )PRT (PP for (NP work )NP )PP (NP (NP night )NP (PP after (NP night )NP )PP )NP (PRN -LRB- (S (NP he )NP (VP *UNK (NP himself )NP (PP (PP with (NP *UNK )NP )PP and (PP by (S (VP showing (PRT up )PRT (PP at (NP the last minute )NP )PP )VP )S )PP )PP )VP )S -RRB- )PRN )VP )S . )S  STOP
(S (S (VP Looking (ADJP (ADJP *UNK )ADJP (SBAR than (S (NP he )NP (VP has (VP (PP in (NP a while )NP )PP )VP )VP )S )SBAR )ADJP )VP )S , (NP the (NP younger Mr. *UNKC 's )NP Jack )NP (VP is (UCP (ADJP *UNK and *UNK )ADJP and (NP (NP a (ADJP far *UNK )ADJP case )NP (PP than (NP (NP Frank )NP , (SBAR (WHNP who )WHNP (S (VP 's (VP managed (S (VP to (VP *UNK (NP his dreams )NP (S (VP to (VP fit (NP reality )NP )VP )VP )S (PP without (S (VP feeling (ADJP too *UNKED )ADJP )VP )S )PP )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP )UCP )VP . )S  STOP
(S (NP He )NP (VP can (VP live (PP with (NP little *UNK )NP )PP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP has (VP put (ADVP together )ADVP (NP some *UNK moments )NP )VP )VP . )S  STOP
(S (NP These )NP (VP include (NP (NP *UNKC *UNKLY 's )NP *UNK (S (VP to (VP be (NP (NP the Baker Boys ' )NP *UNK singer )NP )VP )VP )S )NP )VP . )S  STOP
(S (NP (NP Ms. *UNKLY )NP (PP of (NP the *UNK- voice )NP )PP )NP (VP showed (NP great comic promise )NP (PP during (NP (NP her *UNK )NP (PP as (NP (NP the *UNK 's )NP *UNK )NP )PP (PP on (NP (NP the television show )NP , `` (NP Hill Street *UNKC )NP )NP )PP )NP )PP )VP . '' )S  STOP
(S (ADVP Here )ADVP (NP she )NP (VP *UNK , (PP (ADVP especially )ADVP during (NP (NP her (ADJP *UNKLY awful )ADJP *UNK )NP (PP of (NP (NP the `` (NX *UNKC *UNKC )NX )NP , '' (SBAR (WHNP which )WHNP (S (NP she )NP (VP *UNK (SBAR while (S (VP *UNKING (ADVP around )ADVP (PP in (NP (NP a little (ADJP cotton candy *UNK )ADJP *UNK *UNK )NP (SBAR (WHNP that )WHNP (S (VP could n't (VP be (ADJP more perfect )ADJP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S -LRB- (NP It )NP (VP *UNK (NP her voice )NP )VP . -RRB- )S  STOP
(S And (NP (NP (NP (NP Ms. Pfeiffer 's )NP particular version )NP (PP of `` (S (VP *UNKING (NP *UNKC )NP )VP )S '' )PP )NP (PRN -- and (NP (NP the way )NP (SBAR (S (NP Mr. *UNKC )NP (VP *UNK (NP her )NP , (PP from (NP (NP the *UNK )NP (PP of (NP her red high heels )NP )PP )NP )PP (PP (ADVP right )ADVP up (NP her *UNK red *UNK dress )NP )PP )VP )S )SBAR )NP -- )PRN )NP (VP might (VP make (S (NP you )NP (VP think (PP of (NP *UNKC *UNKC )NP )PP )VP )S (SBAR if (S (NP Ms. Pfeiffer )NP (VP had n't (VP (VP gone )VP and (VP become (NP (NP a star )NP (PP in (NP her own right )NP )PP )NP )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(NP *UNKC *UNKC : )NP  STOP
(S (SBAR If (S (S (NP you )NP (VP 'd (VP like (S (VP to (VP see (NP (NP the first time )NP (SBAR (S (NP *UNKC Pfeiffer )NP (VP sang (PP on (NP screen )NP )PP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S , and (S (NP you )NP (VP have (NP (NP a lot )NP (PP of (NP *UNK )NP )PP )NP )VP )S )S )SBAR , (VP take (NP a look )NP (PP at `` (NP *UNKC 2 )NP )PP )VP . '' )S  STOP
(S (NP You )NP (VP 'll (VP find (NP her )NP (ADVP there )ADVP )VP )VP . )S  STOP
(S (ADVP Better yet )ADVP , (VP check (PRT out )PRT (NP (NP the *UNK )NP (PP of (NP her comic *UNK )NP )PP (PP in (NP `` (S (VP *UNKED (PP to (NP the *UNKC )NP )PP )VP )S , '' (NP (NP Jonathan *UNKC 's )NP *UNK *UNKC comedy )NP )NP )PP )NP )VP . )S  STOP
(S (NP International *UNKC Corp. )NP (VP (ADVP definitively )ADVP agreed (S (VP to (VP pay (NP (NP (QP $ 49 million )QP )NP and (NP (NP *UNKN )NP (PP of (NP its shares )NP )PP )NP )NP (PP for (NP (NP *UNKC PLC 's )NP *UNKC *UNKC restaurant subsidiary )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP Shareholders )NP (PP of (NP (NP International *UNKC )NP , (NP a food and *UNK company )NP , )NP )PP )NP (VP will (VP vote (PP on (NP the transaction )NP )PP (PP at (NP a meeting )NP )PP (NP late next month )NP )VP )VP . )S  STOP
(S (NP Hanson )NP (VP is (NP (NP a London producer )NP (PP of (NP (UCP consumer and other )UCP goods )NP )PP )NP )VP . )S  STOP
(S (NP International *UNKC shares )NP (VP did n't (VP trade (NP yesterday )NP (PP on (NP the American Stock Exchange )NP )PP )VP )VP . )S  STOP
(S (NP They )NP (VP closed (NP Tuesday )NP (PP in (NP composite trading )NP )PP (PP at (NP $ *UNKN )NP )PP , (ADVP down (NP 37.5 cents )NP )ADVP , (S (VP giving (NP (NP the stock portion )NP (PP of (NP the transaction )NP )PP )NP (NP (NP an indicated value )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP Control Data Corp. )NP (VP agreed (S (VP to (VP sell (NP (NP its idle supercomputer manufacturing plant )NP (ADVP here )ADVP )NP (PP to (NP Minnesota *UNKING & Manufacturing Co. )NP )PP (PP for (NP (QP $ 5.8 million )QP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The tentative agreement )NP (VP calls (SBAR for (S (NP *UNK )NP (VP to (VP use (NP (NP the *UNK- plant )NP and (NP (NP 19 acres )NP (PP of (NP land )NP )PP )NP )NP (PP for (NP research laboratories )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Control Data )NP (VP has (VP been (VP seeking (NP (NP a buyer )NP (PP for (NP the facility )NP )PP )NP (SBAR since (S (NP it )NP (VP *UNKED (NP its *UNKC Systems Inc. supercomputer unit )NP (NP this past April )NP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP General Dynamics Corp. )NP (VP was (VP awarded (NP (NP contracts )NP (VP totaling (NP (QP $ *UNKN million )QP )NP )VP (PP (PP for (NP one Navy *UNKC *UNK )NP )PP and (PP for (NP (NP Air Force research )NP (PP on (NP the National Aerospace plane )NP )PP )NP )PP )PP )NP )VP )VP . )S  STOP
(S (NP Grumman Corp. )NP (VP won (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP Navy contract )NP (PP for (NP 12 *UNKC aircraft )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC Co. )NP (VP was (VP issued (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP Air Force contract )NP (PP for (NP (NP support )NP (PP of (NP the *UNKC communications satellite )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP McDonnell Douglas Corp. )NP (VP got (NP (NP a (ADJP (QP $ 12.5 million )QP )ADJP Air Force contract )NP (PP for (NP (NP support work )NP (PP on (NP the National Aerospace plane )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC C. Smith )NP (VP was (VP named (PP to (NP (NP the new post )NP (PP of (NP (NP vice president )NP (PP of (NP world-wide advanced materials operations )NP )PP (PP for (NP this chemicals concern )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Mr. Smith )NP , (ADJP (NP 50 years )NP old )ADJP , )NP (VP was (ADVP formerly )ADVP (ADJP responsible (PP for (NP (NP advanced materials )NP , (SBAR (WHNP which )WHNP (S (VP include (NP (NP plastic *UNK )NP and (NP *UNK )NP )NP )VP )S )SBAR )NP )PP )ADJP , (PP in (NP (NP North America )NP (ADVP only )ADVP )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (ADJP *UNKED (PP by (NP (NP Montedison S.p . A. )NP (PP of (NP (NP Milan )NP , (NP Italy )NP )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (NP *UNKC Co. )NP (VP said (SBAR (S (NP it )NP (VP will (VP redeem (NP (NP all *UNKN shares )NP (PP of (NP its (ADJP privately held )ADJP (ADJP 6.5 % )ADJP convertible Series C preferred stock )NP )PP )NP (NP Nov. 8 )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP can (VP either (VP convert (NP each share )NP (PP into (NP (NP *UNKN shares )NP (PP of (NP (NP the company 's )NP common stock )NP )PP )NP )PP )VP , or (VP surrender (NP their shares )NP (PP at (NP (NP (NP the per-share price )NP (PP of (NP $ 1,000 )NP )PP )NP , plus (NP (NP *UNKED dividends )NP (PP of (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP )NP )NP )PP )VP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP makes and markets (NP (NP products )NP (PP for (NP the construction , mining and energy industries )NP )PP )NP )VP . )S  STOP
(S (NP (NP Bank Building & Equipment Corp. )NP (PP of (NP America )NP )PP , (SBAR (WHNP which )WHNP (S (ADVP previously )ADVP (VP said (SBAR (S (NP (NP accounting discrepancies )NP (SBAR (S (NP its *UNK )NP (VP uncovered )VP )S )SBAR )NP (VP would (VP (VP hurt (NP earnings )NP )VP and (VP require (NP (NP *UNK )NP (PP of (NP earlier results )NP )PP )NP )VP )VP )VP )S )SBAR )VP )S )SBAR , )NP (VP (VP increased (NP (NP its projections )NP (PP of (NP the negative fiscal impact )NP )PP )NP )VP , and (VP said (SBAR (S (NP it )NP (VP was (VP exploring (NP (NP the company 's )NP sale )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Bank Building )NP , (SBAR (WHNP which )WHNP (S (VP builds and *UNK (NP banks )NP )VP )S )SBAR , )NP (VP had (VP announced (SBAR (S (NP it )NP (VP would (VP *UNK (NP (NP the *UNK- quarters )NP (PP of (NP (NP this fiscal year )NP , (SBAR (WHNP which )WHNP (S (VP ends (NP Oct. 31 )NP )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP On (NP Oct. 5 )NP )PP , (NP the company )NP (VP estimated (SBAR (S (NP (NP after-tax effects )NP (PP on (NP (NP the year 's )NP earnings )NP )PP )NP (VP would (VP be (NP (QP `` at least '' $ 1.3 million )QP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Yesterday )NP , (NP the company )NP (VP said (SBAR (S (NP (NP the negative after-tax effect )NP (PP on (NP (NP earnings )NP (PP for (NP the year )NP )PP )NP )PP )NP (VP will (VP be (NP (QP about $ 3.3 million )QP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP (NP the nine months )NP (VP ended (NP July 31 )NP )VP )NP )PP , (NP Bank Building )NP (VP had (NP (NP a net loss )NP (PP of (NP (QP $ 1 million )QP )NP )PP )NP , (PP on (NP (NP revenue )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Bank Building )NP , (SBAR (WHNP which )WHNP (S (VP expects (S (VP to (VP report (NP a fourth-quarter loss )NP )VP )VP )S )VP )S )SBAR , )NP (VP said (SBAR (S (NP it )NP (VP engaged (NP (NP advisers )NP (SBAR (S (VP to `` (VP explore (NP (NP financial alternatives )NP (PP for (NP the company )NP )PP (PP including (NP (NP the possible sale )NP (PP of (NP (NP the company )NP or (NP (NP (QP one or more )QP )NP (PP of (NP its units )NP )PP )NP )NP )PP )NP )PP )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . '' )S  STOP
(S (S (NP Company *UNK )NP (VP are (VP continuing (NP their review )NP )VP )VP )S , and (S (NP final restated figures )NP (VP are n't (ADVP yet )ADVP (ADJP available )ADJP )VP )S . )S  STOP
(S (NP Bank Building )NP (ADVP earlier )ADVP (VP said (SBAR (S (NP the *UNK )NP (VP is (VP *UNKED (PP by (NP `` (NP certain errors )NP (PP in (S (VP recording (NP receivables and *UNK )NP )VP )S )PP '' (PP at (NP its *UNKC *UNKC division )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP That division 's )NP manager )NP (VP has (VP been (VP fired )VP )VP )VP . )S  STOP
(S (PP In (NP American Stock Exchange composite trading )NP )PP , (NP Bank Building )NP (VP closed (PP at (NP (NP $ 4 )NP (NP a share )NP )NP )PP , (ADVP down (NP 62.5 cents )NP )ADVP )VP . )S  STOP
(S (NP (NP Gen. Paul *UNK *UNKC )NP , (NP (NP retired *UNK )NP (PP of (NP the U.S. Marine *UNKC )NP )PP )NP , )NP (VP was (VP elected (S (NP (NP a director )NP (PP of (NP this plastics , specialty materials and aerospace concern )NP )PP )NP )S , (S (VP succeeding (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP resigned (S (VP to (VP accept (NP a government position )NP )VP )VP )S )VP )S )SBAR )NP )VP )S )VP )VP . )S  STOP
(NP (NP Rep. Mary Rose *UNKC )NP (PRN -LRB- (NP D. )NP , (NP Ohio )NP -RRB- )PRN (PP at (NP (NP (NP last week 's )NP hearings )NP (PP on (NP (NP *UNK )NP (PP in (NP programs )NP )PP (PP at (NP (NP the Department )NP (PP of (NP (UCP Housing and Urban )UCP Development )NP )PP )NP )PP )NP )PP )NP )PP : )NP  STOP
(S (NP I )NP (VP do n't (VP want (S (VP to (VP feel (ADJP guilty )ADJP (S (VP representing (NP my constituents )NP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S And (SBAR if (S (NP I )NP (VP think (SBAR that (S (NP (NP some people )NP -LCB- (PP on (NP (NP HUD Secretary Jack Kemp 's )NP -RCB- staff )NP )PP )NP (VP are (ADJP off base )ADJP (PP in (NP (NP terms )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP they )NP (VP 're (VP evaluating (NP (NP certain things )NP (VP affecting (NP my *UNK )NP )VP )NP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP )S )SBAR , (NP I )NP (VP have (S (VP to (VP tell (NP you )NP (NP (NP something )NP -- (S (NP I )NP (VP 'm not (VP going (S (VP to (VP take (NP it )NP )VP )VP )S )VP )VP )S )NP )VP )VP )S )VP . )S  STOP
(S (NP I )NP (VP think (SBAR that (S (NP I )NP (VP 'm (VP elected (S (VP to (VP represent (NP (NP the people )NP (SBAR (WHNP that )WHNP (S (VP sent (NP me )NP (ADVP here )ADVP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S And (NP (NP one )NP (PP of (NP our charges )NP )PP )NP (VP is (S (VP to (VP be (NP an *UNK )NP (PP for (NP our area )NP )PP )VP )VP )S )VP . )S  STOP
(S And (SBAR if (S (NP we )NP (VP 're not (NP *UNK )NP (PP for (NP our area )NP )PP )VP )S )SBAR , (NP we )NP (VP ought (S (VP to (VP be (VP thrown (ADVP out (PP of (NP office )NP )PP )ADVP )VP )VP )VP )S )VP . )S  STOP
(S (PP On (NP the other hand )NP )PP , (SBAR if (S (NP we )NP (VP 're (VP asking (PP for (NP (NP something )NP (UCP (ADJP *UNK )ADJP or (ADJP *UNK )ADJP and (ADVP so on )ADVP )UCP )NP )PP )VP )VP )S )SBAR , (ADVP then )ADVP (NP that )NP (VP 's (NP a (ADJP whole different )ADJP story )NP )VP . )S  STOP
(S But (SBAR if (S (S (NP I )NP (VP feel (SBAR that (S (NP there )NP (VP are (NP (NP *UNK )NP (SBAR (WHADVP where )WHADVP (S (NP I )NP (VP 'm (VP trying (S (VP to (VP get (NP housing )NP (PP for (NP our area )NP )PP (PRN -- (SBAR (WHNP whatever )WHNP (S (NP it )NP (VP happens (S (VP to (VP be )VP )VP )S )VP )S )SBAR -- )PRN )VP )VP )S )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )S and (S (NP I )NP (VP have (S (VP to (VP feel (SBAR that (S (NP I )NP (VP ca n't (ADVP even )ADVP (VP ask (NP a question )NP )VP )VP )S )SBAR )VP )VP )S )VP )S )S )SBAR , (NP I )NP (VP 've (VP got (S (VP to (VP tell (NP you )NP , (SBAR (S (NP I )NP (VP think (SBAR (S (NP that )NP (VP 's (ADJP *UNK )ADJP )VP )S )SBAR )VP )S )SBAR )VP )VP )S )VP )VP . . )S  STOP
(S (NP I )NP (VP think (SBAR (S (NP (NP these regulations )NP (SBAR (WHNP that )WHNP (S (VP would (VP prohibit (NP *UNKED programs )NP (PP in (NP (NP areas )NP (PP across (NP this country )NP )PP )NP )PP )VP )VP )S )SBAR )NP (VP would (VP be (ADJP wrong (SBAR (S (VP to (VP change )VP )VP )S )SBAR )ADJP )VP )VP )S )SBAR )VP ... . )S  STOP
(S (NP I )NP (VP do n't (VP want (S (VP to (VP see (NP (NP some guidelines change )NP (SBAR (WHNP that )WHNP (S (VP 's (VP going (S (VP to (VP *UNK (NP (NP my city 's )NP opportunity (S (VP to (VP use (NP its money )NP )VP )VP )S )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP The Chicago Mercantile Exchange )NP (VP said (SBAR (S (NP it )NP (VP (VP fined (NP *UNKC Futures Inc. )NP (NP $ 500,000 )NP )VP and (VP accepted (NP (NP its withdrawal )NP (PP from (NP membership )NP )PP )NP )VP (PP as (NP (NP part )NP (PP of (NP (NP a settlement )NP (PP of (NP (NP disciplinary actions )NP (PP against (NP the firm )NP )PP )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Futures )NP (VP is (NP (NP a Chicago subsidiary )NP (PP of (NP (NP *UNKC Financial Services Ltd. )NP , (NP (NP a London financial firm )NP (SBAR (WHNP that )WHNP (S (VP was (VP *UNKED (NP last year )NP (PP in (NP a scheme (S (VP to (VP *UNK (NP drug money )NP )VP )VP )S )NP )PP )VP )VP )S )SBAR )NP )NP )PP )NP )VP . )S  STOP
(S (NP The case )NP (VP is (ADJP pending )ADJP )VP . )S  STOP
(S (NP The firm )NP (VP was (VP indicted (PP in (NP (NP Tampa )NP , (NP Fla. )NP , )NP )PP (PP on (NP *UNKING charges )NP )PP )VP )VP . )S  STOP
(S (PP In (NP June )NP )PP , (NP (NP the Chicago Board )NP (PP of (NP Trade )NP )PP )NP (VP said (SBAR (S (NP it )NP (VP suspended (NP *UNKC Financial )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The Capcom Futures unit )NP (VP withdrew (PP from (NP (NAC Board (PP of (NP Trade )NP )PP )NAC membership )NP )PP (ADVP voluntarily )ADVP (PP in (NP August )NP )PP )VP )S , (NP a (NAC Board (PP of (NP Trade )NP )PP )NAC spokesman )NP (VP said )VP . )S  STOP
(S (NP Capcom Futures )NP , (SBAR while (S (VP neither *UNKING nor *UNKING (NP the Merc charges )NP )VP )S )SBAR , (VP said (PP in (NP a statement )NP )PP (SBAR (SBAR that (S (NP the Merc charges )NP (VP were `` (ADJP technical (PP in (NP nature )NP )PP )ADJP '' )VP )S )SBAR and (SBAR that `` (S (NP no customers )NP (VP were (VP hurt '' (PP as (NP (NP a result )NP (PP of (NP (NP the violations )NP (VP cited (PP by (NP the Merc )NP )PP )VP )NP )PP )NP )PP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP The Merc )NP (VP alleged (SBAR that , (S (PP among (NP other things )NP )PP , (PP (PP from (NP April 1987 )NP )PP (PP through (NP October 1988 )NP )PP )PP (NP Capcom Futures )NP (VP failed (S (VP to (VP document (NP (NP trades )NP (PP between (NP (NP Capcom Futures )NP and (NP (NP people or entities )NP (VP (ADVP directly or indirectly )ADVP controlled (PP by (NP Capcom Futures shareholders )NP )PP )VP )NP )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Frederick W. Lang )NP , (ADJP (NP 65 years )NP old )ADJP , (NP (NP the founder )NP (PP of (NP this software services concern )NP )PP )NP , )NP (VP was (VP elected (PP to (NP (NP the new post )NP (PP of (NP chairman )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (ADVP *UNKLY )ADVP (NP president and treasurer )NP )S , (NP Mr. Lang )NP (VP remains (NP chief executive officer )NP )VP . )S  STOP
(S (NP (NP Victor C. *UNKC )NP , (NP 58 )NP , (ADVP formerly )ADVP (NP executive vice president )NP , )NP (VP (VP succeeds (NP Mr. Lang )NP (PP as (NP president )NP )PP )VP and (VP becomes (NP (NP chief operating officer )NP , (NP a new post )NP )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC Warren )NP , (NP *UNK- group managing director )NP , )NP (VP was (VP named (S (NP (NP chief executive officer )NP (PP of (NP this food and agriculture group )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP (NP The post )NP (PP of (NP chief executive )NP )PP )NP (VP has (VP been (ADJP vacant )ADJP (PP since (NP (NP July )NP (SBAR (WHADVP when )WHADVP (S (NP (NP Terry *UNKC )NP , (NP 55 )NP , )NP (VP left (NP the company )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC mutual fund assets )NP (VP grew (PP at (NP (QP nearly three times )QP their usual rate )NP )PP (PP in (NP the latest week )NP )PP , (SBAR as (S (NP investors )NP (VP *UNKED (PP for (NP (NP safety )NP (CONJP instead of )CONJP (NP the stock market )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC assets )NP (VP soared (NP (QP $ 4.5 billion )QP )NP (PP in (NP (NP the week )NP (VP ended (NP Tuesday )NP )VP )NP )PP , (PP to (NP a record (QP $ *UNKN billion )QP )NP )PP , (PP according (PP to (NP (NP (NP *UNKC 's )NP Money Fund Report )NP , (NP a (ADJP *UNKC , *UNKED )ADJP newsletter )NP )NP )PP )PP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP were (VP expecting (NP it )NP , (PP following (NP (NP the fall )NP (PP of (NP the Dow )NP )PP (NP Friday )NP )NP )PP )VP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC *UNKC )NP , (NP (NP editor )NP (PP of (NP Money Fund Report )NP )PP )NP )NP . )SINV  STOP
(S `` (NP It )NP (VP 's (NP (NP the *UNK flight )NP (PP to (NP safety )NP )PP )NP )VP . '' )S  STOP
(S (PP Despite (NP (NP recent declines )NP (PP in (NP interest rates )NP )PP )NP )PP , (NP money funds )NP (VP continue (S (VP to (VP offer (NP (NP better yields )NP (PP than (NP other comparable investments )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP The average seven-day compound yield )NP (PP on (NP (NP the 400 taxable funds )NP (VP tracked (PP by (NP *UNKC 's )NP )PP )VP )NP )PP )NP (VP was (NP 8.55 % )NP (PP in (NP the latest week )NP )PP , (ADVP down (PP from (NP 8.60 % )NP )PP )ADVP )VP . )S  STOP
(S (NP *UNKC yields )NP (VP assume (UCP (NP (NP *UNK )NP (PP of (NP dividends )NP )PP )NP and (SBAR that (S (NP current yields )NP (VP continue (PP for (NP a year )NP )PP )VP )S )SBAR )UCP )VP . )S  STOP
(S (S (NP (NP Most short-term certificates )NP (PP of (NP deposit )NP )PP )NP (VP are (VP yielding (NP (QP about 8 )QP % (QP or less )QP )NP (PP at (NP major banks )NP )PP )VP )VP )S , and (S (NP (NP the yields )NP (PP on (NP (NP Treasury bills )NP (VP sold (PP at (NP (NP Monday 's )NP auction )NP )PP )VP )NP )PP )NP (VP fell (PP to (NP (NP (NP *UNKN % )NP (PP for (NP three months )NP )PP )NP and (NP (NP *UNKN % )NP (PP for (NP six months )NP )PP )NP )NP )PP )VP )S . )S  STOP
(S (NP *UNKC assets )NP (VP have (VP been (VP rising (PP at (NP (NP an average rate )NP (PP of (NP (NP (QP $ 1.6 billion )QP )NP (NP a week )NP )NP )PP )NP )PP (PP in (NP recent months )NP )PP (PRN , (S (NP Ms. *UNKC )NP (VP said )VP )S , )PRN (S (VP reflecting (NP the (ADJP relatively high )ADJP yields )NP )VP )S )VP )VP )VP . )S  STOP
(S (PP In (NP the latest week )NP )PP , (NP (NP funds )NP (ADJP open (PP to (NP (NP institutions )NP (ADVP alone )ADVP )NP )PP )ADJP )NP (VP grew (PP by (NP (QP $ 1.8 billion )QP )NP )PP )VP . )S  STOP
(S (NP Some fund managers )NP (VP say (SBAR (S (NP *UNK )NP (VP could (VP increase (PP in (NP coming days )NP )PP (PP as (NP (NP a result )NP (PP of (NP (NP stock selling )NP (PP in (NP (NP the wake )NP (PP of (NP (NP (NP Friday 's )NP (ADJP *UNKN point )ADJP drop )NP (PP in (NP the Dow Jones Industrial Average )NP )PP )NP )PP )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (SBAR If (S (NP you )NP (VP 're (VP selling (NP equities )NP )VP )VP )S )SBAR , (NP you )NP (VP do n't (VP start (S (VP getting (NP proceeds )NP )VP )S (PP for (NP (QP five to seven )QP days )NP )PP )VP )VP )S , '' (VP said )VP (NP (NP Frank *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP manages (NP the Kemper Money Market Fund )NP )VP )S )SBAR )NP . )SINV  STOP
(S (NP (NP Neal *UNKC )NP , (NP (NP marketing vice president )NP (PP for (NP Fidelity Investments )NP )PP )NP , )NP (VP said (SBAR (S (NP (NP inflows )NP (NP Friday )NP (PP into (NP (NP Fidelity 's )NP *UNKC and *UNKC Reserves money-market funds )NP )PP )NP (VP were (NP (QP about twice )QP normal levels )NP , (PP with (S (NP about half )NP (VP coming (PP from (NP (UCP equity and junk-bond )UCP funds )NP )PP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Monday and Tuesday )NP `` (VP were (ADJP lackluster )ADJP (PP in (NP comparison )NP )PP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S `` (S (NP People )NP (VP are n't (ADVP necessarily )ADVP (VP running (S (ADJP scared )ADJP )S )VP )VP )S , '' (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S `` (NP They )NP (VP 're (VP maintaining (NP (NP their attitude )NP (PP toward (NP investing )NP )PP , (SBAR (WHNP which )WHNP (S (VP has (VP *UNKED (PP toward (NP the conservative )NP )PP (ADVP recently )ADVP )VP )VP )S )SBAR )NP )VP )VP . '' )S  STOP
(S (NP *UNKC yields )NP (VP tend (S (VP to (VP lag (NP *UNK trends )NP (SBAR as (S (NP portfolio managers )NP (VP adjust (NP (NP the maturities )NP (PP of (NP (NP their investments )NP (PRN -- (NP (NP short-term Treasury securities )NP , (NP commercial paper )NP and (NP the like )NP )NP -- )PRN )NP )PP )NP (S (VP to (VP *UNK (NP the highest yields )NP )VP )VP )S )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (ADVP usually )ADVP (VP (VP are (ADJP *UNK )ADJP (SBAR (WHADVP when )WHADVP (S (NP rates )NP (VP are (VP rising )VP )VP )S )SBAR )VP and (VP (ADJP longer )ADJP (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP are (VP falling )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP The average maturity )NP (PP of (NP (NP the funds )NP (VP tracked (PP by (NP *UNKC 's )NP )PP )VP )NP )PP )NP (VP remained (PP at (NP 38 days )NP )PP (PP for (NP the third consecutive week )NP )PP )VP . )S  STOP
(S (NP It )NP (VP (VP was (ADJP (ADJP as short )ADJP (PP as (NP 29 days )NP )PP )ADJP (PP at (NP (NP the start )NP (PP of (NP this year )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP rates )NP (VP were (VP *UNKING (ADVP steadily )ADVP (ADVP upward )ADVP )VP )VP )S )SBAR )NP )PP )VP , and (VP hit (NP 42 days )NP (PP in (NP August )NP )PP )VP )VP . )S  STOP
(S (NP (NP The average seven-day simple yield )NP (PP of (NP the funds )NP )PP )NP (VP fell (PP to (NP *UNKN % )NP )PP (NP this week )NP (PP from (NP *UNKN % )NP )PP )VP . )S  STOP
(S (S (NP The average 30-day simple yield )NP (VP was (NP *UNKN % )NP , (PP compared (PP with (NP *UNKN % )NP (NP the week before )NP )PP )PP )VP )S , and (S (NP the 30-day compound yield )NP (VP slid (PP to (NP 8.60 % )NP )PP (PP from (NP *UNKN % )NP )PP )VP )S . )S  STOP
(S (NP Some funds )NP (VP are (VP posting (NP (NP yields )NP (ADJP (ADJP far higher )ADJP (PP than (NP the average )NP )PP )ADJP )NP )VP )VP . )S  STOP
(S (NP (NP The (ADJP highest yielding )ADJP taxable fund )NP (NP this week )NP )NP (VP was (NP (NP *UNKC Money Market Fund )NP , (PP with (NP (NP a seven-day compound yield )NP (PP of (NP *UNKN % )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP That )NP (VP included (NP (NP capital gains )NP (SBAR (WHNP that )WHNP (S (VP were (VP passed (ADVP along )ADVP (PP to (NP customers )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP Among (NP the other *UNKING funds )NP )PP , (NP (NP Fidelity 's )NP *UNKC Fund )NP (VP had (NP (NP a seven-day compound yield )NP (PP of (NP *UNKN % )NP )PP )NP (PP in (NP the latest week )NP )PP )VP . )S  STOP
(S (NP (NP The seven-day compound yield )NP (PP of (NP the Dreyfus Worldwide Dollar Fund )NP )PP )NP (VP was (NP *UNKN % )NP )VP . )S  STOP
(FRAG (SBAR (WHNP whose Della Femina *UNKC WCRS agency )WHNP (S (VP created (NP (NP *UNK Joe *UNKC )NP , (PP among (NP others )NP )PP )NP )VP )S )SBAR -- (VP announced (NP (NP a massive restructuring )NP (SBAR (WHNP that )WHNP (S (VP (VP (ADVP largely )ADVP *UNK (NP it )NP (PP from (NP the advertising business )NP )PP )VP and (VP includes (S (VP selling (NP (NP the majority )NP (PP of (NP its advertising unit )NP )PP )NP (PP to (NP *UNKED Eurocom )NP )PP )VP )S )VP )VP )S )SBAR )NP )VP . )FRAG  STOP
(S (NP (NP The complex restructuring )NP , (SBAR (WHNP which )WHNP (S (VP was (ADVP long )ADVP (VP expected )VP )VP )S )SBAR , )NP (VP *UNK (NP London-based WCRS )NP (PP from (NP (NP primarily a *UNK )NP (PP of (NP advertising )NP )PP )NP )PP (PP into (NP (NP one )NP (PP of (NP (NP (NP Europe 's )NP largest buyers )NP (PP of (NP advertising time and space )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP creates (NP (NP a (ADJP newly merged )ADJP world-wide ad agency )NP (VP (VP controlled (PP by (NP Eurocom )NP )PP )VP and (VP headed (ADVP jointly )ADVP (PP by (NP (NP New York ad man Jerry Della Femina )NP and (NP two top WCRS executives )NP )NP )PP )VP )VP )NP )VP . )S  STOP
(NP (NP (NP The merged agency 's )NP (ADJP *UNKLY ambitious )ADJP goal )NP : (S (VP to (VP become (NP (NP one )NP (PP of (NP (NP the world 's )NP 10 largest agencies )NP )PP )NP , (SBAR while (S (VP attracting (NP (NP more *UNK clients )NP (PP than (SBAR (S (NP the agencies )NP (VP were (ADJP able (S (VP to (VP attract )VP )VP )S )ADJP (ADVP alone )ADVP )VP )S )SBAR )PP )NP )VP )S )SBAR )VP )VP )S . )NP  STOP
(S (NP (NP WCRS 's )NP restructuring )NP (VP reflects (NP (NP the growing importance )NP (PP of (NP media buying )NP )PP (PP in (NP (NP Europe )NP , (SBAR (WHADVP where )WHADVP (S (NP (NP the only way )NP (SBAR (S (VP to (VP get (NP (NP a good price )NP (PP on (NP advertising time and space )NP )PP )NP )VP )VP )S )SBAR )NP (VP is (S (VP to (VP buy (NP it )NP (PP in (NP bulk )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (PP For (NP Eurocom )NP )PP , (ADVP meanwhile )ADVP , (NP the move )NP (VP (VP gives (NP it )NP (NP (NP a strong U.S. *UNK )NP (PP in (NP Della Femina )NP )PP )NP )VP , and (VP (ADVP more than )ADVP *UNK (NP (NP the size )NP (PP of (NP (NP its ad agency business )NP (ADVP world-wide )ADVP )NP )PP )NP )VP )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP gives (NP (NP the *UNK Mr. Della Femina )NP (PRN -- (SBAR (WHNP who )WHNP (S (ADVP often )ADVP (VP generates (NP (NP (ADJP as much )ADJP publicity )NP (PP for (NP himself )NP )PP (PP as (PP for (NP his clients )NP )PP )PP )NP )VP )S )SBAR -- )PRN )NP (NP (NP an international platform )NP (SBAR (WHNP that )WHNP (S (NP he )NP (ADVP most certainly )ADVP (VP wo n't (VP be (ADJP *UNK (S (VP to (VP use )VP )VP )S )ADJP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP According (PP to (NP terms )NP )PP )PP , (NP WCRS )NP (VP will (VP pay (NP (NP (QP *UNKN billion )QP French francs )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP (PP for (NP (NP the 50 % )NP (SBAR (S (NP it )NP (VP does n't (ADVP already )ADVP (VP own )VP )VP )S )SBAR (PP of (NP (NP *UNKC Holding S.A. )NP , (NP (NP one )NP (PP of (NP (NP Europe 's )NP largest media buyers )NP )PP )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP Eurocom )NP , (SBAR (WHNP which )WHNP (S (VP had (VP held (NP (NP 20 % )NP (PP of (NP (NP WCRS 's )NP ad unit )NP )PP )NP )VP )VP )S )SBAR , )NP (VP will (VP pay (NP (NP (QP # *UNKN million )QP )NP (PRN -LRB- (NP $ *UNKN million )NP -RRB- )PRN )NP (S (VP to (VP raise (NP its stake )NP (PP to (NP 60 % )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP That price )NP (ADVP also )ADVP (VP covers (S (NP Eurocom )NP (VP raising (PP to (NP 60 % )NP )PP (NP (NP its (ADJP 51 % )ADJP stake )NP (PP in (NP (NP (NP Europe 's )NP *UNKC Group )NP , (NP (NP a joint venture ad agency network )NP (SBAR (S (NP it )NP (VP owns (PP with (NP WCRS )NP )PP )VP )S )SBAR )NP )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP Eurocom )NP (VP will (ADVP also )ADVP (VP have (NP the right (S (VP to (VP buy (NP (NP the remaining 40 % )NP (PP of (NP the merged ad agency group )NP )PP )NP (PP in (NP six years )NP )PP )VP )VP )S )NP )VP )VP . )S  STOP
(S (NP The transaction )NP (VP places (NP the three executives )NP (PP (ADVP *UNKLY )ADVP at (NP (NP the *UNK )NP (PP of (NP (NP a major agency )NP (PP with (NP (NP the (ADJP rather *UNK )ADJP name )NP (PP of (NP (NP Eurocom WCRS Della Femina *UNKC Ltd. )NP , or (NP *UNKC )NP )NP )PP )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP The merged agency )NP (VP will (VP include (NP (NP (NP Della Femina *UNKC )NP (VP based (PP in (NP New York )NP )PP )VP )NP , (NP (NP (NP Eurocom 's )NP various agencies )NP (PP in (NP France )NP )PP )NP , (NP (NP the *UNKC Group )NP (PP in (NP Europe )NP )PP )NP and (NP (NP WCRS 's )NP other advertising and direct marketing operations )NP )NP )VP )VP . )S  STOP
(S (NP Mr. Della Femina )NP (VP will (VP be (NP joint chairman )NP (PP with (NP former WCRS executive *UNKC *UNKC )NP )PP )VP )VP . )S  STOP
(S (NP Both )NP (VP will (VP report (PP to (NP (NP *UNKC *UNKC )NP , (NP (NP a former WCRS executive )NP (SBAR (WHNP who )WHNP (S (VP will (VP be (NP chief executive officer )NP (PP at (NP the new agency )NP )PP )VP )VP )S )SBAR )NP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP (NP an interview )NP (PP in (NP New York )NP )PP )NP )PP , (NP (NP Mr. *UNKC )NP , (ADJP fresh (PP from (NP (NP a *UNKC flight )NP (PP from (NP (NP Paris )NP (SBAR (WHADVP where )WHADVP (S (NP executives )NP (VP had (VP worked (PP through (NP (NP most )NP (PP of (NP the night )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )ADJP , )NP (VP *UNKED (NP (NP big plans )NP (PP for (NP the new agency )NP )PP )NP )VP . )S  STOP
(S `` (NP Our goal )NP (VP is (S (VP to (VP develop (ADVP quite rapidly )ADVP (PP to (NP a *UNK- position )NP )PP ... (PP by (NP (NP the end )NP (PP of (NP (NP three years )NP (PP from (NP now )NP )PP )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (S (NP It )NP (VP implies (NP (ADJP very dramatic )ADJP growth )NP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP He )NP (VP added (SBAR that (S (NP Eurocom and WCRS )NP (VP had (VP agreed (S (VP to (VP provide (NP (NP a development fund )NP (PP of (NP (QP # 100 million )QP )NP )PP (PP for (NP acquisitions )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The new agency group )NP (VP is (ADVP already )ADVP (PP in (NP (NP discussions )NP (PP about (NP (NP a possible purchase )NP (PP in (NP Spain )NP )PP )NP )PP )NP )PP , (SBAR while (S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP it )NP (ADVP also )ADVP (VP plans (S (VP to (VP make (NP acquisitions )NP (UCP (PP in (NP *UNKC , Germany )NP )PP and (ADVP elsewhere )ADVP )UCP )VP )VP )S )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (S (VP *UNKING (NP the top 10 )NP (PP within (NP three years )NP )PP )VP )S (VP will (VP be (ADJP difficult )ADJP (ADVP at best )ADVP )VP )VP . )S  STOP
(S (NP Della Femina )NP (VP (VP had (NP (NP *UNK )NP (PP of (NP (QP just $ *UNKN million )QP )NP )PP )NP (NP last year )NP )VP and (VP *UNKED (PP as (NP (NP the U.S. 's )NP *UNK- ad agency )NP )PP )VP )VP . )S  STOP
(S (NP (NP The merged company )NP (SBAR (WHNP that )WHNP (S (NP it )NP (ADVP now )ADVP (VP becomes (NP (NP part )NP (PP of )PP )NP )VP )S )SBAR )NP (VP will (VP have (NP (NP billings )NP (PP of (NP (NP (QP just more than $ 2.6 billion )QP )NP (PRN -- (NP (NP most )NP (PP of (NP that )NP )PP (PP in (NP Europe )NP )PP )NP -- )PRN )NP )PP )NP (S (VP bringing (NP it )NP (PP to (NP (NP about *UNK )NP (ADVP world-wide )ADVP )NP )PP )VP )S )VP )VP . )S  STOP
(S (S (VP To (VP make (NP it )NP (PP to (NP *UNK- status )NP )PP )VP )VP )S , (NP it )NP (VP would (VP have (S (VP to (VP *UNK (PP over (NP (NP such *UNK forces )NP (PP as (NP (NP *UNKC Advertising )NP , (NP *UNKC *UNKC *UNKC & *UNKC )NP and (NP (NP *UNKC 's )NP *UNKC *UNKC )NP )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The merged agency 's )NP game plan (S (VP to (VP attract (NP multinational packaged-goods advertisers )NP )VP )VP )S )NP (VP may (VP prove (ADJP equally difficult )ADJP )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP WCRS )NP (VP created (NP Della Femina *UNKC )NP (ADVP out (PP of (NP (NP the merger )NP (PP of (NP three smaller agency units )NP )PP )NP )PP )ADVP (PP in (NP 1988 )NP )PP )VP )S )SBAR , (NP it )NP (VP said (SBAR (S (NP it )NP (VP did (ADVP so )ADVP (SBAR in order (S (VP to (VP attract (NP (NP larger clients )NP , (ADVP especially )ADVP (NP packaged-goods companies )NP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP Since (NP then )NP )PP , (NP Della Femina )NP (VP (VP won (NP Pan Am )NP (PP as (NP an international client )NP )PP )VP and (ADVP also )ADVP (VP does (NP work )NP (PP for (NP (NP a few packaged-goods clients )NP , (PP including (NP (NP Dow Chemical Co. 's )NP *UNKC *UNKC )NP )PP )NP )PP )VP )VP . )S  STOP
(S But (NP (NP major packaged-goods players )NP (PP of (NP the world )NP )PP (PRN -- (PP such as (NP (NP Procter & Gamble )NP , (NP *UNKC )NP and (NP Unilever )NP )NP )PP -- )PRN )NP (VP have (VP (ADVP *UNKLY )ADVP *UNKED (NP the agency )NP )VP )VP . )S  STOP
(S `` (NP (NP Three )NP (PP of (NP our favorite names )NP )PP )NP , '' (NP Mr. Della Femina )NP (VP calls (S (NP that *UNK )NP )S , (S (VP adding (ADVP *UNKLY )ADVP , `` (S (NP We )NP (VP 're (NP (NP a (ADJP (ADVP much more )ADVP attractive )ADJP agency )NP )NP (PP to (NP large *UNK )NP )PP (NP today )NP (SBAR than (S (NP we )NP (VP were (NP yesterday )NP )VP )S )SBAR )VP )S )VP )S )VP . '' )S  STOP
(S (ADVP Still )ADVP , (NP the restructuring )NP (VP could (VP create (NP (NP one )NP (PP of (NP (NP the (ADJP most powerful )ADJP alliances )NP (PP between (NP (UCP advertising and *UNKING )UCP firms )NP )PP (SBAR (WHNP that )WHNP (S (NP Europe )NP (VP has (VP seen )VP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (PP As (NP (NP part )NP (PP of (NP the restructuring )NP )PP )NP )PP , (NP WCRS and Eurocom )NP (VP said (SBAR (S (NP they )NP (VP will (VP look (PP for (NP (NP ways )NP (SBAR (S (VP to (VP combine (NP their media buying )NP (PP across (NP Europe )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (VP 's (ADJP more )ADJP )VP )S )SBAR , (NP both (NP Eurocom )NP and (NP (NP brothers Francis and *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP founded (NP Carat )NP )VP )S )SBAR , )NP )NP (VP will (VP acquire (NP (NP (ADJP *UNKN % )ADJP stakes )NP (PP in (NP WCRS Group )NP )PP )NP , (S (VP creating (NP (NP a powerful link )NP (PP between (NP Eurocom and Carat )NP )PP )NP )VP )S )VP )VP . )S  STOP
(S (NP Carat )NP (VP will (VP receive (NP its WCRS stake )NP (PP as (NP (NP part )NP (PP of (NP (NP payment )NP (PP for (NP (NP the (ADJP 50 % )ADJP Carat stake )NP (SBAR (WHNP that )WHNP (S (NP WCRS )NP (VP is (VP buying )VP )VP )S )SBAR )NP )PP )NP )PP )NP )PP , (SBAR while (S (NP Eurocom )NP (VP said (SBAR (S (NP it )NP (VP expects (S (VP to (VP pay (NP (QP about # 32 million )QP )NP (PP for (NP its WCRS stake )NP )PP )VP )VP )S )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Mr. Della Femina )NP (VP says (SBAR (S (NP he )NP (VP plans (S (VP to (VP remain (ADJP heavily involved (PP in (NP (NP the creative product )NP (PP at (NP the world-wide agency )NP )PP )NP )PP )ADJP , (S (VP serving (PP as (NP (NP a sort )NP (PP of `` (NP creative *UNK )NP )PP )NP )PP )VP )S )VP )VP )S )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP *UNKC McNamee )NP , (NP (NP Della Femina 's )NP president )NP , )NP (VP will (VP continue (S (VP running (NP the U.S. agency )NP (ADVP day-to-day )ADVP )VP )S )VP )VP . )S  STOP
(S (S (NP (NP They )NP and (NP other top executives )NP )NP (VP signed (NP long-term employment contracts )NP )VP )S and (S (NP Mr. Della Femina )NP (VP will (VP receive (NP (NP an additional *UNK- sum )NP , (SBAR (WHNP which )WHNP (S (NP some industry executives )NP (VP pegged (PP at (NP (QP about $ 10 million )QP )NP )PP )VP )S )SBAR )NP )VP )VP )S . )S  STOP
(SINV (S (NP WCRS Group )NP , (PP for (NP its part )NP )PP , (VP will (ADVP now )ADVP (VP be (ADJP able (S (VP to (VP follow (NP (NP its longstanding plan )NP (PP of (S (VP becoming `` (NP (NP a holding company )NP (PP for (NP (NP a series )NP (PP of (NP *UNKED businesses )NP )PP )NP )PP )NP )VP )S )PP )NP )VP )VP )S )ADJP )VP )VP )S , '' (VP said )VP (NP (NP Peter Scott )NP , (NP (NP the firm 's )NP chief executive )NP )NP . )SINV  STOP
(S (PP In (NP (NP addition )NP (PP to (NP Carat )NP )PP )NP )PP , (NP WCRS )NP (VP will (VP hold (PP onto (NP its (NX (NX public relations )NX , (NX TV programming )NX and (NX other businesses )NX )NX )NP )PP )VP )VP . )S  STOP
(S (NP WCRS )NP (VP says (SBAR (S (NP its debt )NP (VP will (VP be (VP cut (PP to (NP (QP # 24 million )QP )NP )PP (PP from (NP (QP # 66 million )QP )NP )PP (PP as (NP (NP a result )NP (PP of (NP the transaction )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP Carat )NP )PP , (ADVP meanwhile )ADVP , (NP (NP the alliance )NP (PP with (NP Eurocom and WCRS )NP )PP )NP (VP is (VP intended (S (VP to (VP strengthen (NP its own push )NP (PP outside (NP France )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Carat 's )NP *UNKC brothers )NP (VP invented (NP (NP the idea )NP (PP of (NP (NP large-scale buying )NP (PP of (NP media space )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP By (S (VP buying (NP the space )NP (PP in (NP bulk )NP )PP )VP )S )PP , (NP they )NP (VP obtain (NP (NP discounts )NP (ADJP (ADJP as high )ADJP (PP as (NP 50 % )NP )PP )ADJP , (SBAR (WHNP which )WHNP (S (NP they )NP (VP can (VP pass (ADVP on )ADVP (PP to (NP customers )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP They )NP (ADVP thus )ADVP (VP have (VP won (NP (NP the French *UNKING business )NP (PP of (NP (NP such advertising giants )NP (PP as (NP (NP Coca-Cola Co. )NP , (NP Fiat S.p . A. )NP , (NP Gillette )NP and (NP Kodak )NP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (S But (ADVP now )ADVP , (NP other agencies )NP (VP are (VP getting (PP into (NP the business )NP )PP (PP with (NP their own competing *UNKING groups )NP )PP )VP )VP )S -- and (S (NP Carat )NP (VP wants (S (VP to (VP expand (PP to (NP (NP the rest )NP (PP of (NP Europe )NP )PP )NP )PP )VP )VP )S )VP )S . )S  STOP
(S (S (VP To (VP help (S (VP finance (NP the Carat purchase )NP )VP )S )VP )VP )S , (NP WCRS )NP (VP said (SBAR (S (NP it )NP (VP plans (NP (NP an issue )NP (PP of (NP *UNKC preferred shares )NP )PP )NP (SBAR once (S (NP the market )NP (VP *UNK (ADVP down )ADVP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S But (NP WCRS )NP (VP added (SBAR that (S `` (PP in (NP (NP the light )NP (PP of (NP (NP the current uncertainty )NP (PP in (NP the equity markets )NP )PP )NP )PP )NP )PP , '' (NP it )NP (VP has (VP arranged (NP (NP *UNK- debt financing )NP , (SBAR (WHNP which )WHNP (S (VP would (VP be (VP underwritten (PP by (NP Samuel *UNKC & Co. Ltd )NP )PP )VP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(NP (NP *UNKC 's )NP *UNKC )NP  STOP
(S (NP (NP Tuesday 's )NP earthquake )NP (VP brought (NP the San Francisco ad scene )NP (PP to (NP a *UNKING halt )NP )PP (NP yesterday )NP , (PP with (S (NP (QP only a few )QP staffers )NP (VP showing (PRT up )PRT (PP at (NP their offices )NP )PP , (S (ADVP mainly )ADVP (VP (VP to (VP survey (NP the damage )NP )VP )VP or (VP to (VP *UNKING (NP their hands )NP (PP about (NP imminent *UNK- *UNK )NP )PP )VP )VP )VP )S )VP )S )PP )VP . )S  STOP
(S (S (SBAR While (S (NP no agencies )NP (VP reported (NP (NP injuries )NP (PP to (NP employees )NP )PP )NP )VP )S )SBAR , (NP the quake )NP (VP damaged (NP (NP the offices )NP (PP of (NP (NP (NP J. Walter Thompson )NP , (NP *UNKC )NP and (NP *UNKC *UNKC )NP , )NP (PP among (NP others )NP )PP )NP )PP )NP )VP )S , (NP (NP *UNK )NP (PP for (NP those agencies )NP )PP )NP (VP said )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP at (NP (NP Thompson )NP , (SBAR (WHNP whose offices )WHNP (S (VP are (PP in (NP the *UNK *UNKC Center )NP )PP )VP )S )SBAR , )NP )PP )NP (VP (VP watched (S (NP pictures )NP (VP drop (PP from (NP the walls )NP )PP )VP )S )VP and then (VP felt (S (NP the *UNK )NP (VP *UNK (NP (QP seven to eight )QP feet )NP )VP )S )VP , (PP according (PP to (NP a spokeswoman )NP )PP )PP )VP . )S  STOP
(S (S (S (NP *UNKC )NP (VP fell )VP )S and (S (NP windows )NP (VP were (VP broken )VP )VP )S (PP at (NP *UNKC )NP )PP )S , (NP (NP a spokesman )NP (PP for (NP that agency )NP )PP )NP (VP said )VP . )S  STOP
(S (S (NP Late yesterday afternoon )NP , (NP *UNKC *UNKC executives )NP (VP were (VP scrambling (S (VP to (VP figure (PRT out )PRT (SBAR (WHNP what )WHNP (S (VP to (VP do (PP about (NP (NP a new business presentation )NP (SBAR (WHNP that )WHNP (S (VP had (VP been (VP scheduled (PP for (NP today )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP )VP )S , (NP a spokesman )NP (VP said )VP . )S  STOP
(S (S (NP (NP *UNKC *UNKC 's )NP office building )NP (VP may (VP have (VP sustained (NP structural damage )NP )VP )VP )VP )S , (NP the spokesman )NP (VP added )VP . )S  STOP
(S `` (S (NP All operations )NP (VP have (VP stopped )VP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP (NP A number )NP (PP of (NP agencies )NP )PP , (PP including (NP Thompson and *UNKC , *UNKC & *UNKING , )NP )PP )NP (VP said (SBAR (S (NP (NP some employees )NP (SBAR (WHNP who )WHNP (S (VP live (PP outside (PP of (NP San Francisco )NP )PP )PP )VP )S )SBAR )NP , (S (ADJP *UNK (SBAR that (S (NP they )NP (VP would n't (VP be (ADJP able (S (VP to (VP get (ADVP home )ADVP )VP )VP )S )ADJP )VP )VP )S )SBAR )ADJP )S , (VP spent (NP the night )NP (PP at (NP the agency )NP )PP )VP )S )SBAR )VP . )S  STOP
(NP Ad Notes ... . )NP  STOP
(NP NEW *UNKC : )NP  STOP
(S (NP (NP (NP *UNKC 's )NP Inc. )NP , (NP (NP Greenwich )NP , (NP Conn. )NP , )NP )NP (VP awarded (NP its *UNKC hair care accounts )NP (PP to (NP (NP J. Walter Thompson )NP , (NP New York )NP )NP )PP )VP . )S  STOP
(S (NP (NP Thompson )NP , (NP (NP a unit )NP (PP of (NP WPP Group )NP )PP )NP , )NP (VP will (VP handle (NP (NP *UNKC *UNKC *UNK and *UNK )NP and (NP *UNKC Net *UNK )NP )NP )VP )VP . )S  STOP
(S (NP (NP The accounts )NP , (SBAR (WHNP which )WHNP (S (VP *UNKED (NP (QP about $ 7 million )QP )NP (NP last year )NP , (PP according (PP to (NP Leading National Advertisers )NP )PP )PP )VP , )S )SBAR )NP (VP were (ADVP previously )ADVP (VP handled (PP at (NP (NP *UNKC )NP , (NP New York )NP )NP )PP )VP )VP . )S  STOP
(SBARQ (WHNP *UNKC )WHNP (SQ (VP 'S (NP *UNKC )NP )VP )SQ : )SBARQ  STOP
(S (NP (NP William *UNKC )NP , (NP 44 )NP , )NP (VP was (VP named (S (NP (NP (NP executive vice president )NP , (NP world-wide director )NP )NP (PP of (NP (NP *UNKC Direct )NP , (NP (NP the direct marketing unit )NP (PP of (NP (NP Interpublic Group 's )NP *UNKC agency )NP )PP )NP )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP He )NP (VP had (VP been (NP (NP (NP president )NP and (NP chief operating officer )NP )NP (PP of (NP Ogilvy & Mather Direct )NP )PP )NP )VP )VP . )S  STOP
(NP *UNKC : )NP  STOP
(S (NP Los Angeles )NP (VP will (VP be (NP (NP the site )NP (PP of (NP (NP a new entertainment division )NP (PP for (NP the ad agency )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP The division )NP (VP will (VP be (VP headed (PP by (NP (NP Dick *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP returns (PP to (NP *UNKC )NP )PP (PP after (S (VP being (NP (NP vice president )NP (PP of (NP media )NP )PP )NP (PP at (NP MGM )NP )PP )VP )S )PP )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(NP *UNKC *UNKC : )NP  STOP
(S (NP (NP (NP The agency 's )NP three California offices )NP , (VP (ADVP previously )ADVP called (S (NP *UNKC Advertising )NP )S )VP , )NP (VP will (ADVP now )ADVP (VP be (VP called (S (NP *UNKC Advertising )NP )S (S (VP to (VP match (NP (NP the name )NP (PP of (NP its New York office )NP )PP )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP *UNKC Advertising )NP (VP is (NP (NP a unit )NP (PP of (NP Saatchi & Saatchi Co )NP )PP )NP )VP . )S  STOP
(NP NEW *UNKC : )NP  STOP
(S (NP (NP *UNKC Products Inc. )NP , (NP (NP Greenwich )NP , (NP Conn. )NP , )NP )NP (VP awarded (NP its *UNKC *UNKC *UNKC beer account )NP (PP to (NP (NP *UNKC & Associates )NP , (NP New York )NP )NP )PP )VP . )S  STOP
(S (NP Budget )NP (VP is (VP set (PP at (NP (QP $ 1.5 million )QP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The new beer )NP , (VP introduced (NP this week )NP (PP at (NP a liquor industry convention )NP )PP )VP , )NP (VP is (VP imported (PP from (NP (NP Switzerland 's )NP *UNKC *UNK )NP )PP )VP )VP . )S  STOP
(S (NP (NP (NP *UNKC 's )NP first ads )NP (PP for (NP (NP the brand )NP , (SBAR (WHNP which )WHNP (S (NP *UNKC )NP (VP says (SBAR (S (VP will (VP compete (PP with (NP imported light beer leader *UNKC *UNKC )NP )PP )VP )VP )S )SBAR )VP )S )SBAR , )NP )PP )NP (VP feature (NP (NP the line )NP `` (NP (NP The (ADJP best *UNKING )ADJP light beer )NP (SBAR (S (NP you )NP (VP 've (ADVP ever )ADVP (VP seen )VP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (NP (NP *UNKC Motors Corp. )NP , (NP (NP a joint venture )NP (PP of (NP (NP Chrysler Corp. )NP and (NP Mitsubishi Motors Corp. )NP )NP )PP )NP )NP (VP said (SBAR (S (NP it )NP (VP will (VP begin (S (VP shipping (NP Mitsubishi *UNKC cars )NP (PP to (NP Japan )NP )PP )VP )S (NP next week )NP , (S (VP *UNKING (NP (NP other Japanese auto ventures )NP (VP shipping (NP *UNKC vehicles )NP (ADVP back )ADVP (PP to (NP Japan )NP )PP )VP )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP will (VP export (NP (QP about 1,500 )QP *UNKC cars )NP (PP to (NP Japan )NP )PP (PP by (NP (NP year 's )NP end )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Honda Motor Co. )NP , (NP (NP the first Japanese auto maker )NP (SBAR (S (VP to (VP ship (NP cars )NP (PP to (NP Japan )NP )PP (PP from (NP the U.S. )NP )PP )VP )VP )S )SBAR )NP , )NP (VP is (ADVP now )ADVP (VP *UNKING (NP (NP (QP more than 5,000 )QP *UNKC *UNKC )NP (NP a year )NP )NP (PP from (NP its (NAC *UNKC , Ohio , )NAC factory )NP )PP )VP )VP . )S  STOP
(S (NP (NP One )NP (PP of (NP (NP the (ADJP most remarkable )ADJP features )NP (PP of (NP (NP the forced *UNK )NP (PP of (NP the ethnic *UNKC )NP )PP (PP out (PP of (NP *UNKC )NP )PP )PP (PP over (NP the past five months )NP )PP )NP )PP )NP )PP )NP (VP has (VP been (NP (NP the lack )NP (PP of (NP international attention )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP The *UNK )NP (PP of (NP (QP more than *UNKN )QP men , women and children )NP )PP (PP by (NP the *UNKC regime )NP )PP )NP (VP adds (PRT up )PRT (PP to (NP (NP one )NP (PP of (NP (NP the largest *UNK )NP (VP seen (PP in (NP the *UNK years )NP )PP )VP )NP )PP )NP )PP )VP . )S  STOP
(S Yet (NP some people )NP (VP are (VP advancing (NP (NP a *UNKING *UNK )NP : (SBAR that (S (SBAR (WHNP what )WHNP (S (NP we )NP (VP are (VP seeing )VP )VP )S )SBAR (VP is (ADVP somehow )ADVP (NP (NP the *UNK result )NP (PP of (NP (NP the historical *UNK )NP (VP committed (PP by (NP the *UNKC )NP )PP (PP in (NP the *UNK century )NP )PP )VP )NP )PP )NP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP (NP Today 's )NP *UNKC )NP (PP in (NP *UNKC )NP )PP )NP , (PP in (NP other words )NP )PP , (VP deserve (SBAR (WHNP what )WHNP (S (VP is (VP coming (PP to (NP them )NP )PP (ADVP (NP four *UNK )NP later )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR As if (S (NP this )NP (VP were n't (ADVP enough )ADVP )VP )S )SBAR , (NP the Senate *UNKC Committee )NP (VP is (VP getting (PP into (NP the act )NP )PP )VP )VP . )S  STOP
(S (PP On (NP Tuesday )NP )PP (NP it )NP (VP approved (NP (NP (NP Senator Bob Dole 's )NP proposed *UNK resolution )NP (VP *UNKING (NP (NP April 24 )NP , (NP 1990 )NP , )NP (PP as (NP (NP the `` National Day )NP (PP of (NP (NP *UNKC )NP (PP of (NP (NP the *UNK *UNKC )NP (PP of (NP (NP the *UNKC *UNKC )NP (PP of (NP *UNKN )NP )PP , '' (VP suffered (PP at (NP (NP the hands )NP (PP of (NP the *UNKING *UNKC *UNKC )NP )PP )NP )PP )VP )NP )PP )NP )PP )NP )PP )NP )PP )VP )NP )VP . )S  STOP
(S (S (NP There )NP (VP can (VP be (NP no *UNKING (SBAR that (S (NP the *UNKC )NP (VP *UNKED (NP terrible suffering )NP )VP )S )SBAR )NP )VP )VP )S , but (S (NP one )NP (VP has (S (VP to (VP wonder (SBAR (WHNP what possible good )WHNP (S (NP such a resolution )NP (VP will (VP achieve )VP )VP )S )SBAR )VP )VP )S )VP )S . )S  STOP
(S (NP It )NP (VP puts (NP great strain )NP (PP on (NP (NP a longstanding U.S. friendship )NP (PP with (NP (NP Turkey )NP , (NP (NP a country )NP (SBAR (WHNP that )WHNP (S (VP has (VP been (NP (NP one )NP (PP of (NP (NP (NP America 's )NP strongest allies )NP (PP in (NP NATO )NP )PP )NP )PP )NP )VP )VP )S )SBAR )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP The resolution )NP (ADVP also )ADVP (VP comes (PP at (NP (NP a time )NP (SBAR (WHADVP when )WHADVP (S (NP Turkey )NP (VP has (VP been (VP seeking (NP (NP help )NP (PP from (NP the United States )NP )PP (PP in (S (VP (VP *UNKING (NP its *UNKC *UNK controversy )NP )VP and (VP pursuing (NP (NP democratic reforms )NP (SBAR (WHNP that )WHNP (S (VP may (VP lead (PP to (NP (NP membership )NP (PP in (NP the European Community )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )PP )NP )VP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Turkey )NP (VP (VP has (VP been (VP fighting (NP its past )NP (PP for (NP years )NP )PP )VP )VP )VP , and (VP (ADVP thus far )ADVP has (VP been (ADJP (ADVP only *UNKLY )ADVP successful )ADJP )VP )VP )VP . )S  STOP
(SQ *UNKC (NP it )NP (ADVP now )ADVP (VP accept (SBAR that (S (NP (NP one )NP (PP of (NP its strongest allies )NP )PP )NP (VP blames (NP it )NP (PP for (NP (NP the *UNK )NP (PP of (NP another people )NP )PP )NP )PP )VP )S )SBAR )VP ? )SQ  STOP
(S (NP Such sentiment )NP (ADVP only )ADVP (VP *UNK (NP (NP the adverse feelings )NP (PP toward (NP Turkey )NP )PP (SBAR (WHNP that )WHNP (S (VP surfaced (SBAR (WHADVP when )WHADVP (S (NP Turkey )NP (VP asked (PP for (NP (NP assistance )NP (PP in (S (VP dealing (PP with (NP its *UNKC *UNK crisis )NP )PP )VP )S )PP )NP )PP )VP )S )SBAR )VP )S )SBAR )NP )VP . )S  STOP
(S (PP (NP (NP Mr. Dole 's )NP odd effort )NP *UNKING )PP , (NP (NP most )NP (PP of (NP (NP Turkey 's )NP political problems )NP )PP )NP (VP lie (PP with (NP the Europeans )NP )PP )VP . )S  STOP
(S (NP (NP Part )NP (PP of (NP (NP the problem )NP (SBAR (S (NP some Europeans )NP (VP have (PP with (NP Turkey )NP )PP )VP )S )SBAR )NP )PP )NP (VP seems (S (VP to (VP stem (PP from (NP its location )NP )PP -- (S (NP Turkey )NP (VP is n't (ADVP really )ADVP (NP (NP part )NP (PP of (NP Europe )NP )PP )NP )VP )S )VP )VP )S )VP . )S  STOP
(SBARQ (WHADVP Why )WHADVP (PRN , (S (NP they )NP (VP wonder )VP )S , )PRN (SQ should (NP it )NP (VP belong (PP to (NP the EC )NP )PP )VP )SQ ? )SBARQ  STOP
(S (S (NP Another *UNK- *UNK )NP (VP is (NP (NP the *UNKC faith )NP (PP of (NP (NP the majority )NP (PP of (NP the *UNKC people )NP )PP )NP )PP )NP )VP )S : (S (NP Turkey )NP (PRN , (S (NP we )NP (VP are (VP told )VP )VP )S , )PRN (VP is not (NP a Christian nation )NP )VP )S ; (S (NP its people )NP (ADVP simply )ADVP (VP wo n't (VP fit (PRT in )PRT (PP with (NP the (ADJP Western European )ADJP *UNKC tradition )NP )PP )VP )VP )S . )S  STOP
(S (NP It )NP (VP 's (SBAR (WHADVP when )WHADVP (S (NP these *UNK )NP (VP fall (PP on (NP *UNK *UNK )NP )PP )VP )S )SBAR (SBAR that (S (NP (NP the old *UNK )NP (PP of (NP (NP *UNK )NP (PP for (NP (NP treatment )NP (PP at (NP (NP the hands )NP (PP of (NP the *UNKC *UNKC )NP )PP )NP )PP )NP )PP )NP )PP )NP (VP comes (PP to (NP the *UNK )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP No one )NP (VP has (S (VP to (VP accept (NP (NP the *UNK )NP (PP of (NP the *UNKC *UNKC )NP )PP )NP )VP )VP )S (S (VP to (VP reject (NP that argument )NP )VP )VP )S )VP . )S  STOP
(S (NP Turkey )NP (PP in (NP any event )NP )PP (VP is (ADVP long )ADVP (VP past (NP it )NP )VP )VP . )S  STOP
(S (NP The country )NP (VP has (PP in (NP recent years )NP )PP (VP accepted (NP (QP more than 500,000 )QP refugees )NP (PP from (NP (QP at least four )QP *UNKING nations )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP , (S (VP suffering (SBAR (WHNP what )WHNP (S (NP many people )NP (VP consider (S (VP to (VP be (NP a current *UNK campaign )NP )VP )VP )S )VP )S )SBAR (PP at (NP (NP the hands )NP (PP of (NP *UNKC , Iran and *UNKC )NP )PP )NP )PP )VP )S (VP have (VP *UNKED (NP *UNK Turkey )NP )VP )VP . )S  STOP
(S (ADVP Now )ADVP (NP it )NP (VP is (NP (NP their fellow *UNKC )NP (VP *UNKING (PP as (NP refugees )NP )PP (PP from (NP *UNKC )NP )PP )VP )NP )VP . )S  STOP
(S (NP (NP The *UNKC *UNK *UNK )NP and (NP the ongoing crisis )NP )NP (VP can not (VP be (VP (VP ignored )VP and (VP *UNKED (ADVP off )ADVP (PP to (NP (NP that *UNK *UNK )NP (PP of (NP history )NP )PP (SBAR (WHNP that )WHNP (S (VP has (VP become (ADJP so *UNK )ADJP (ADVP recently )ADVP )VP )VP )S )SBAR )NP )PP )VP )VP )VP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP (NP the past suffering )NP (PP of (NP any people )NP )PP (PP at (NP any time )NP )PP )NP (VP can not (VP be (ADVP simply )ADVP (VP (VP filed (ADVP away )ADVP )VP and (VP forgotten )VP )VP )VP )VP . )S  STOP
(S But (S (SBAR (WHNP what )WHNP (S (NP the Senate Judiciary Committee )NP (VP has (VP done (PP in (S (VP supporting (NP the (ADJP strongly *UNKED )ADJP *UNKC resolution )NP )VP )S )PP )VP )VP )S )SBAR (VP *UNK (NP no useful end )NP )VP )S ; (S (NP it )NP (ADVP merely )ADVP (VP produces (NP (NP more controversy )NP and (NP *UNKED memories )NP )NP )VP )S . )S  STOP
(S (NP Congress )NP (VP has (NP (NP enough difficulty )NP (S (VP dealing (PP with (NP (NP the *UNK )NP (PP of (NP (NP the world )NP (SBAR as (S (NP it )NP (ADVP currently )ADVP (VP exists )VP )S )SBAR )NP )PP )NP )PP )VP )S )NP )VP . )S  STOP
(S (S (NP (NP *UNKC 's )NP government )NP (VP has (VP been (VP *UNKING (PP beyond (NP the *UNK )NP )PP (PP for (NP months )NP )PP )VP )VP )VP )S , and (S (NP the U.S. )NP (VP does (NP its values )NP (NP no credit )NP (PP by (S (VP ignoring (NP that )NP (SBAR while (S (VP casting (NP its votes )NP (PP into (NP the past )NP )PP )VP )S )SBAR )VP )S )PP )VP )S . )S  STOP
(S (NP (NP Many )NP (PP in (NP Washington )NP )PP )NP (VP say (SBAR (S (NP President Bush )NP (VP will (VP have (S (VP to (VP raise (NP taxes )NP (S (VP to (VP pay (PP for (NP (NP his war )NP (PP on (NP drugs )NP )PP )NP )PP )VP )VP )S )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP We )NP (VP have (NP (NP a better idea )NP : (S (VP *UNKC (NP HUD )NP (S (VP to (VP pay (PP for (NP (NP the war )NP (PP on (NP drugs )NP )PP )NP )PP )VP )VP )S )VP )S )NP )VP . )S  STOP
(S (NP (NP (NP Housing )NP and (NP Urban Development )NP 's )NP budget )NP (VP is (NP (QP $ 17 billion )QP )NP )VP . )S  STOP
(S (PP From (SBAR (WHNP what )WHNP (S (NP (NP we )NP and (NP the nation )NP )NP (VP have (VP been (S (VP reading )VP )S )VP )VP )S )SBAR )PP , (NP the money )NP (VP is n't (VP being (VP spent (ADVP very well )ADVP )VP )VP )VP . )S  STOP
(S (NP (NP The single (ADJP most important )ADJP contribution )NP (SBAR (S (NP the government )NP (VP could (VP make (ADVP now )ADVP (S (VP to (VP help (NP the poor )NP )VP )VP )S )VP )VP )S )SBAR )NP (VP is (S (VP to (VP get (S (NP (NP the *UNK )NP (PP of (NP drugs )NP )PP )NP (PP out (PP of (NP their neighborhoods )NP )PP )PP )S )VP )VP )S )VP . )S  STOP
(S (SBAR If (S (NP that )NP (VP takes (NP money )NP )VP )S )SBAR , (VP take (NP it )NP (ADVP away )ADVP (PP from (NP this *UNKED federal department )NP )PP )VP . )S  STOP
(S But (PP of (NP course )NP )PP (NP (NP the Democrats )NP (VP *UNKING (NP HUD )NP (PP (PP in (NP hearings )NP )PP and (PP in (NP the press )NP )PP )PP )VP )NP (VP have (NP no such solution )NP (PP in (NP mind )NP )PP )VP . )S  STOP
(S (ADVP Instead )ADVP , (NP they )NP (VP 're (VP scrambling (S (VP to (VP protect (NP (NP the very programs )NP (PP at (NP (NP the heart )NP (PP of (NP the HUD scandal )NP )PP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP This month )NP , (NP HUD Secretary Jack Kemp )NP (VP unveiled (NP (NP a series )NP (PP of (NP (NP proposed reforms )NP (SBAR (S (VP to (VP improve (NP (NP management )NP (PP at (NP HUD )NP )PP )NP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (S (NP No doubt )NP (NP (NP many )NP (PP of (NP his ideas )NP )PP )NP (VP are (ADJP *UNK )ADJP )VP )S , but (S (ADVP ultimately )ADVP (NP he )NP (VP is (VP proposing (S (VP to (VP make (S (NP (ADJP *UNKLY flawed )ADJP programs )NP (VP work (ADVP slightly more fairly and *UNKLY )ADVP )VP )S )VP )VP )S )VP )VP )S . )S  STOP
(S (NP Congress )NP (VP is (ADJP unlikely (S (VP to (VP go (ADVP even that far )ADVP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP Last week )NP , (NP Secretary Kemp )NP (VP ran (PP into (NP (NP a *UNK )NP (PP of (NP (NP criticism )NP (PP from (NP House Banking Committee members )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP They )NP (VP were (ADJP *UNKED (PRN , (PP for (NP instance )NP )PP , )PRN (SBAR that (S (NP he )NP (VP wanted (S (VP to (VP (VP target (NP (NP more )NP (PP of (NP the (ADJP (QP $ 3 billion )QP )ADJP Community Development Block Grant (PRN -LRB- *UNKC -RRB- )PRN program )NP )PP )NP (PP to (NP low-income projects )NP )PP )VP and (VP zero (PRT out )PRT (NP (NP the *UNK `` discretionary '' funds )NP (SBAR (WHNP that )WHNP (S (VP have (VP allowed (S (NP HUD officials )NP (VP to (VP *UNK (NP contracts )NP (PP to (NP political *UNK )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP )VP )S )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP These development grants )NP (ADVP mainly )ADVP (VP *UNK (NP (NP developers )NP (SBAR (WHNP who )WHNP (S (VP want (S (VP to (VP put (PRT up )PRT (NP (NP shopping centers )NP and (NP parking *UNK )NP )NP )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP They )NP (ADVP also )ADVP (VP give (NP (NP those )NP (PP in (NP Congress )NP )PP )NP (NP political credit )NP (PP for (S (VP bringing (ADVP home )ADVP (NP the pork )NP )VP )S )PP )VP )S , and so (S (NP they )NP (VP are (ADJP popular )ADJP (PP with (NP (NP such Members )NP (PP as (NP Mary Rose *UNKC )NP )PP )NP )PP )VP )S . )S  STOP
(S (NP (NP Rep. *UNKC )NP , (NP (NP a Democrat )NP (PP from (NP Cleveland )NP )PP )NP , )NP (VP wants (NP a (ADJP $ 6.9 million )ADJP grant )NP (SBAR so (S (NP Cleveland )NP (VP can (VP build (NP (NP an *UNK- Rock and *UNKC Hall )NP (PP of (NP *UNKC )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP She )NP (VP says (SBAR (S (NP it )NP (VP 'd (VP (VP create (NP 600 jobs )NP )VP and (VP bring (NP Cleveland )NP (NP tourist revenue )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP HUD )NP (VP says (SBAR (S (NP the project )NP (VP does n't (VP qualify )VP )VP )S )SBAR )VP )S , and (S (NP Mr. Kemp )NP (VP says (SBAR that (S (NP (NP rock *UNK roll *UNK )NP and (NP the music industry )NP )NP (VP ought (S (VP to (VP put (PRT up )PRT (NP the money )NP )VP )VP )S )VP )S )SBAR )VP )S . )S  STOP
(S (PP At (NP the hearing )NP )PP , (NP Rep. *UNKC )NP (VP started (VP *UNKING (PP about (NP `` (NP *UNK *UNK regulations )NP '' (SBAR (WHNP that )WHNP (S (VP would (VP stand (PP between (NP (NP her )NP and `` (NP (NP housing )NP (PP for (NP downtown Cleveland )NP )PP )NP )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP . '' )S  STOP
(S (S (NP (NP Rep. *UNKC *UNKC )NP , (NP an Ohio Republican )NP , )NP (VP rallied (PP to (NP the cause )NP )PP )VP )S : `` (S (NP I )NP (VP think (SBAR (S (NP the *UNK )NP (VP is (VP making (NP an important statement )NP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP The *UNK (SBAR that (S (SBAR if (S (NP a congressman )NP (VP calls (PP about (NP (NP a project )NP (PP in (NP his district )NP )PP )NP )PP )VP )S )SBAR (NP there )NP (VP 's (NP (NP something )NP (ADJP wrong )ADJP )NP )VP )S )SBAR )NP , (NP I )NP (VP think (SBAR (S (VP is (ADJP most unfortunate )ADJP )VP )S )SBAR )VP . '' )S  STOP
(S (NP We )NP (VP 're (ADJP sure (SBAR (S (NP some *UNK )NP (VP can (VP explain (NP (NP the difference )NP (PP between (SBAR (SBAR (WHNP what )WHNP (S (NP the Republican consultants )NP (VP have (VP been (VP doing (PP with (NP HUD )NP )PP )VP )VP )VP )S )SBAR and (SBAR (WHNP what )WHNP (S (NP these *UNK and *UNK )NP (VP want (S (VP to (VP do (PP with (NP HUD )NP )PP )VP )VP )S )VP )S )SBAR )SBAR )PP )NP )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP Our view )NP (VP is (SBAR that (S (PP given (NP (NP (NP Congress 's )NP attitude )NP (PP toward (NP HUD )NP )PP )NP )PP , (NP the place )NP (ADVP probably )ADVP (VP is (PP beyond (NP reform )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP (QP more than 50 )QP years )NP )PP (NP the federal government )NP (VP has (VP tried (NP (NP various ways )NP (SBAR (S (VP to (VP (VP provide (NP housing )NP (PP for (NP the poor )NP )PP )VP and (VP revive (NP cities )NP )VP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (PP In (NP the process )NP )PP (NP HUD )NP (VP has (VP (VP *UNKED (NP *UNK billions )NP )VP , (VP created (NP *UNK )NP )VP and (VP invited (NP corruption )NP )VP )VP )VP . )S  STOP
(S (NP (NP Much )NP (PP of (NP (NP HUD 's )NP spending )NP )PP )NP (ADVP actually )ADVP (VP is (NP (NP *UNKED welfare )NP (PP for (NP (NP developers )NP or (NP the middle class )NP )NP )PP )NP )VP . )S  STOP
(S (NP That )NP (VP includes (NP (NP the *UNKC funds )NP and (NP (NP the Federal Housing Administration )NP , (SBAR (WHNP which )WHNP (S (VP (VP loans (PRT out )PRT (NP money )NP (PP for (NP private home mortgages )NP )PP )VP and (VP has (ADVP just )ADVP (VP been (VP discovered (S (VP to (VP be (PP (NP (QP $ 4 billion )QP )NP in (NP the hole )NP )PP )VP )VP )S )VP )VP )VP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (S (VP *UNKING (NP (NP the FHA 's )NP loan portfolio )NP (PP to (NP the highest bidder )NP )PP )VP )S (VP would (VP save (NP the taxpayers )NP (NP (NP *UNK billions )NP (PP in (NP future losses )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP Some HUD money )NP (ADVP actually )ADVP (VP does (VP *UNK (ADVP down )ADVP (PP to (NP the poor )NP )PP )VP )VP )S , and (S (S (VP *UNKING (PRT out )PRT (NP housing middlemen )NP )VP )S (VP would (VP free (PRT up )PRT (NP more money )NP (SBAR for (S (NP public housing tenants )NP (VP to (VP (VP manage )VP and (ADVP even )ADVP (VP own )VP (NP their units )NP )VP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (NP The rest )NP (VP ought (S (VP to (VP be (VP used (S (VP to (VP clean (PRT out )PRT (NP drugs )NP (PP from (NP the *UNK )NP )PP )VP )VP )S )VP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC *UNK )NP (VP have (VP turned (NP cities )NP (PP into (NP combat *UNK )NP )PP )VP )VP . )S  STOP
(S (NP (NP Even suburban (NP Prince George 's )NP County )NP , (NP Md. )NP , )NP (VP reported (NP last week )NP (SBAR (S (NP there )NP (VP have (VP been (NP a record 96 killings )NP (ADVP there )ADVP (NP this year )NP , (S (NP (NP most )NP (PP of (NP them )NP )PP )NP (ADJP drug-related )ADJP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC *UNK )NP (ADVP often )ADVP (VP are (NP the victims )NP )VP . )S  STOP
(S (NP (NP A man )NP (PP in (NP a *UNK )NP )PP )NP (VP was (VP *UNKED (ADVP down )ADVP (PP in (NP (NP the *UNK )NP (PP of (NP a Miami drug battle )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP A *UNK- Brooklyn boy )NP (VP was (VP used (PP as (NP a shield )NP )PP (PP by (NP a drug dealer )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC life )NP (PP in (NP the inner cities )NP )PP )NP (VP wo n't (VP be (VP restored (SBAR unless (S (NP the government )NP (VP *UNK (NP the streets )NP (PP from (NP the drug *UNK )NP )PP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (PP Until (NP then )NP )PP , (NP (NP the billions )NP (SBAR (S (NP HUD )NP (VP spends (PP on (NP inner-city housing )NP )PP )VP )S )SBAR )NP (ADVP simply )ADVP (VP is (VP *UNKED )VP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP 's (ADVP still )ADVP (ADJP unclear )ADJP (SBAR whether (S (NP Secretary Kemp )NP (VP wants (S (VP to (VP (VP (ADVP completely )ADVP overhaul (NP (NP the engine room )NP (PP at (NP HUD )NP )PP )NP )VP or (ADVP just )ADVP (VP *UNK (NP a few *UNK )NP (ADVP here and there )ADVP )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP No doubt )NP (NP he )NP (VP believes (SBAR (S (NP the place )NP (VP can (VP be (VP *UNKED )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (VP Having (VP seen (NP (NP the *UNK )NP (SBAR (WHPP with (WHNP which )WHNP )WHPP (S (NP Congress )NP (VP has (VP addressed (NP the HUD scandals )NP )VP )VP )S )SBAR )NP )VP )VP )S , (NP we )NP (VP disagree )VP . )S  STOP
(S (NP It )NP (VP 's (NP (NP time )NP (SBAR (S (VP to (VP (VP scrap (NP (NP the (ADJP politically *UNKED )ADJP spending machine )NP (SBAR (S (NP HUD )NP (VP has (VP become )VP )VP )S )SBAR )NP )VP and (VP channel (NP the resources )NP (PP into (NP the drug war )NP )PP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP was (VP named (S (NP (NP (NP chairman )NP and (NP chief executive officer )NP )NP (PP of (NP this grocery chain )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (ADJP (NP 46 years )NP old )ADJP , )NP (VP succeeds (NP (NP *UNKC *UNKC Jr. )NP , (SBAR (WHNP who )WHNP (S (VP died (PP in (NP a plane crash )NP )PP (PP on (NP Sunday )NP )PP (PP at (NP (NP the age )NP (PP of (NP 58 )NP )PP )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP retains (NP (NP his position )NP (PP as (NP president )NP )PP )NP )VP . )S  STOP
(S (NP (NP Natural *UNK )NP , and (ADVP most particularly )ADVP (NP earthquakes )NP , )NP (VP are (NP (CONJP not only )CONJP (NP (NP horrible *UNK )NP (PP in and of (NP themselves )NP )PP )NP , (CONJP but also )CONJP (NP (NP *UNK )NP (SBAR (WHPP through (WHNP which )WHNP )WHPP (S (NP (NP the state )NP (PP of (NP a society )NP )PP )NP (VP can (VP be (VP *UNKED )VP )VP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (NP (NP The rubble )NP (PP after (NP (NP the *UNKC earthquake )NP (ADVP (NP a year )NP ago )ADVP )NP )PP )NP (VP disclosed , (ADVP quite literally )ADVP , (NP (NP a city )NP (SBAR (WHNP whose larger structures )WHNP (S (VP had (VP been (VP built (PP with (NP sand )NP )PP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP The extent )NP (PP of (NP the disaster )NP )PP )NP (VP stemmed (PP from (NP (NP years )NP (PP of (NP (NP *UNK )NP and (NP bureaucratic *UNK )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The larger parallel )NP (PP after (NP (NP the earthquake )NP (VP *UNKED (ADVP south (PP of (NP San Francisco )NP )PP )ADVP )VP )NP )PP )NP (VP is (ADVP surely )ADVP (PP with (NP (NP the state )NP (PP of (NP the U.S. economy )NP )PP )NP )PP )VP . )S  STOP
(SQ *UNKC (NP (NP the stock-market tremors )NP (PP of (NP (NP Friday )NP , (NP Oct. 13 )NP , )NP )PP )NP (VP *UNK (NP (NP larger *UNK )NP , (NP (ADJP far greater )ADJP *UNK )NP )NP )VP ? )SQ  STOP
(SQ Are (NP (NP the engineering and architecture )NP (PP of (NP the economy )NP )PP )NP (ADJP (ADJP as vulnerable )ADJP (PP as (NP (NP the *UNK )NP (PP of (NP the Bay Bridge )NP )PP )NP )PP )ADJP ? )SQ  STOP
(S (NP (NP The *UNK *UNK )NP (PP of (NP the *UNKC era )NP )PP )NP (VP has (VP produced (NP (NP *UNKC *UNK )NP (PP about (NP (NP the present *UNK )NP (PP of (NP U.S. (ADJP economic and social )ADJP arrangements )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP A licensed government intellectual )NP , (NP Francis *UNKC )NP , )NP (ADVP recently )ADVP (VP announced (PP in (NP The National Interest )NP )PP (SBAR that (S (NP history )NP (VP is , (S (ADVP so )ADVP (VP to (VP speak )VP )VP )S , (PP at (NP an end )NP )PP (SBAR since (S (NP (NP the course )NP (PP of (NP human progress )NP )PP )NP (VP has (ADVP now )ADVP (VP *UNKED (PP in (NP (NP the *UNK full stop )NP (PP of (NP American *UNK )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP His *UNK )NP (VP were (VP taken (ADVP seriously )ADVP )VP )VP . )S  STOP
(S But (NP we )NP (VP are , (PP in (NP reality )NP )PP , (VP *UNKING (NP (NP (NP the continuing decline )NP (PP of (NP (NP the political economy )NP (PP of (NP capitalism )NP )PP )NP )PP )NP : (NP not (ADVP so much )ADVP (NP (NP the end )NP (PP of (NP history )NP )PP )NP but (NP (NP the history )NP (PP of (NP the end )NP )PP )NP )NP )NP )VP )VP . )S  STOP
(S (NP (NP The financial equivalent )NP (PP of (NP (NP the sand )NP (VP used (PP by (NP those *UNKC contractors )NP )PP )VP )NP )PP )NP (VP is (NP (NP junk bonds )NP and (NP (NP the leveraged buy-outs )NP (VP associated (PP with (NP them )NP )PP )VP )NP )NP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP get (ADVP away )ADVP (PP with (S (VP using (NP sand )NP )VP )S )PP )VP )S and (S (NP *UNK )NP (NP junk )NP )S (SBAR (WHADVP when )WHADVP (S (NP society )NP (VP decides (SBAR (S (NP (NP it )NP )NP (VP 's (ADJP (ADJP *UNK )ADJP , (ADJP necessary )ADJP (ADVP even )ADVP , )ADJP (S (VP to (VP look (NP the other way )NP )VP )VP )S )VP )S )SBAR )VP )S )SBAR . )S  STOP
(S And (PP by (NP the early 1980s )NP )PP (NP U.S. capitalists )NP (VP had (NP (NP *UNK reason )NP (SBAR (S (VP (VP to (VP welcome (NP junk bonds )NP )VP )VP , (VP to (VP look (NP the other way )NP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP By (NP that time )NP )PP (NP they )NP (VP found (NP (NP (ADJP extremely low )ADJP profit rates )NP (PP from (NP *UNK- corporate investment )NP )PP )NP )VP . )S  STOP
(S (NP Government statistics )NP (PP in (NP fact )NP )PP (VP show (SBAR that (S (NP (NP the profit rate )NP (PRN -- (NP (NP net pretax profits )NP (VP divided (PP by (NP capital stock )NP )PP )VP )NP -- )PRN )NP (VP peaked (PP in (NP *UNKN )NP )PP (PP at (NP *UNKN % )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP That same *UNK )NP (VP saw (S (NP profit rates )NP (VP fall (PP to (NP 4.6 % )NP )PP (PP in (NP (NP the recession year )NP (NP 1982 )NP )NP )PP )VP )S )VP )S and (S (NP (NP the supposed *UNK )NP (SBAR (WHNP that )WHNP (S (VP followed )VP )S )SBAR )NP (VP has (VP seen (S (NP the profit rate )NP (VP rise (ADVP only )ADVP (PP to (NP (NP (NP 8.1 % )NP (PP in (NP 1986 )NP )PP )NP and (NP (NP 8 % )NP (PP in (NP 1987 )NP )PP )NP )NP )PP )VP )S )VP )VP )S . )S  STOP
(SINV (VP *UNKING (PP to (NP (NP the fall )NP (PP in (NP profit rates )NP )PP )NP )PP )VP (VP was )VP (PRN -- (PP in (NP the early 1980s )NP )PP -- )PRN (NP (NP the drop )NP (PP in (NP (NP (NP the number )NP (VP arrived (PP at )PP (SBAR if (S (NP you )NP (VP *UNK (NP (NP the market value )NP (PP of (NP firms )NP )PP )NP (PP by (NP (NP the replacement costs )NP (PP of (NP their assets )NP )PP )NP )PP )VP )S )SBAR )VP )NP , (NP (NP the famous *UNK ratio )NP (VP associated (PP with (NP Prof. James *UNKC )NP )PP )VP )NP )NP )PP )NP . )SINV  STOP
(S (PP In (NP theory )NP )PP , (NP (NP (NP the value )NP (VP attached (PP to (NP a firm )NP )PP (PP by (NP the market )NP )PP )VP )NP and (NP (NP the cost )NP (PP of (S (VP replacing (NP its assets )NP )VP )S )PP )NP )NP (VP should (VP be (NP the same )NP )VP )VP . )S  STOP
(S But (PP of (NP course )NP )PP (NP the market )NP (VP could (VP decide (SBAR that (S (NP (NP (NP the firm 's )NP capital stock )NP (PRN -- (NP its assets )NP -- )PRN )NP (VP means (NP nothing )NP (SBAR if (S (NP the firm )NP (VP is not (VP producing (NP profits )NP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (NP This )NP (VP is (ADVP indeed )ADVP (SBAR (WHNP what )WHNP (S (NP the market )NP (VP decided )VP )S )SBAR )VP . )S  STOP
(S (PP By (NP 1982 )NP )PP (NP the ratio )NP (VP was (NP *UNKN % )NP , (S (VP meaning (SBAR that (S (NP the market )NP (VP was (VP *UNKING (NP (NP (NP every dollar 's )NP worth )NP (PP of (NP (NP the average firm 's )NP assets )NP )PP )NP (PP at (NP 43 cents )NP )PP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (PP From (NP (NP the history )NP (PP of (NP capitalism )NP )PP )NP )PP (NP we )NP (VP can (VP take (NP (NP it )NP )NP (PP as (NP a sound bet )NP )PP (SBAR that (S (SBAR if (S (NP (NP it )NP )NP (VP takes (NP (QP only 43 )QP cents )NP (S (VP to (VP buy (NP (NP (NP a dollar 's )NP worth )NP (PP of (NP (NP a firm 's )NP capital stock )NP )PP )NP )VP )VP )S )VP )S )SBAR , (NP an alert entrepreneur )NP (VP wo n't (VP look (NP the other way )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP His assumption )NP (VP is (SBAR (SBAR that (S (NP the underlying profitability rate )NP (VP will (VP go (ADVP up )ADVP )VP )VP )S )SBAR and (SBAR (S (NP (NP the capital assets )NP (SBAR (S (NP he )NP (VP bought (PP on (NP the cheap )NP )PP )VP )S )SBAR )NP (VP will (ADVP soon )ADVP (VP be (S (VP producing (NP profits )NP )VP )S )VP )VP )S )SBAR , (S (ADVP thus )ADVP (VP *UNKING (NP (NP (NP the market 's )NP faith )NP (PP in (NP them )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(FRAG (ADVP *UNKC )ADVP (NP the LBO *UNK )NP . )FRAG  STOP
(S But (NP here )NP (VP is (SBAR (SBAR (WHADVP where )WHADVP (S (NP the entrepreneur )NP (VP made (NP a (ADJP very risky )ADJP bet )NP )VP )S )SBAR , and (SBAR (WHADVP where )WHADVP (S (NP society )NP (VP was (ADVP maybe )ADVP (ADJP *UNK (S (VP to (VP look (NP the other way )NP )VP )VP )S )ADJP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (S (NP The profit rate )NP (VP is (ADVP still )ADVP (ADJP low )ADJP )VP )S and (S (NP the *UNK ratio )NP (VP (VP was (NP (QP only 65 )QP % )NP (PP in (NP 1987 )NP )PP )VP and (VP (NP *UNKN % )NP (PP in (NP 1988 )NP )PP )VP )VP )S . )S  STOP
(NP (NP *UNKC )NP : (NP (NP (NP a landscape )NP (VP *UNKED (PP with (NP *UNK )NP )PP )VP )NP , (NP (NP huge debt burdens )NP (VP *UNKING (ADVP down )ADVP (PP upon (NP (NP the *UNK and *UNK )NP (PP of (NP corporate America )NP )PP )NP )PP )VP )NP )NP . )NP  STOP
(S (NP The mounting risks )NP (VP did not (VP go (ADJP *UNKED )ADJP , (PP even in (NP the mid-1980s )NP )PP )VP )VP . )S  STOP
(S But (NP there )NP (VP were (NP (NP enough *UNK )NP (VP announcing (NP (NP (NP the end )NP (PP of (NP history )NP )PP )NP (PRN -LRB- (NP (PP in (NP this case )NP )PP (NP (NP suspension )NP (PP of (NP (NP normal laws )NP (PP of (NP economic *UNK )NP )PP )NP )PP )NP )NP -RRB- )PRN )NP )VP (SBAR for (S (NP society )NP (VP to (VP continue (S (VP *UNKING (NP its eyes )NP )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP *UNKC economists and *UNK )NP , (S (VP (VP *UNKING (NP their *UNK )NP (ADVP up )ADVP (PP at (NP (NP the great *UNK )NP (PP of (NP junk financing )NP )PP )NP )PP )VP , (VP *UNKING (NP their heads )NP (S (VP to (VP watch (NP (NP the *UNK )NP (PP of (NP leveraged buy-outs )NP )PP )NP )VP )VP )S )VP )VP )S , (VP claimed (SBAR (S (NP the end result )NP (VP would (VP be (NP (NP a *UNK , *UNK corporate America )NP , (PP with (UCP (NP soaring productivity and profits )NP and (S (NP the weaker )NP (VP gone (PP to (NP the wall )NP )PP )VP )S )UCP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP this )NP (VP is not (SBAR (WHADVP where )WHADVP (S (NP (NP the rewards )NP (PP of (NP junk financing )NP )PP )NP (VP were (VP found )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The beneficiaries )NP (VP were (NP (NP those financiers )NP (SBAR (WHNP whose *UNK )WHNP (S (VP was (NP (NP (NP the topic figure )NP (PP of (NP '80s capitalism )NP )PP )NP , (NP (NP (NP Michael *UNKC 's )NP (ADJP (QP $ *UNKN million )QP )ADJP salary )NP (PP in (NP one year )NP )PP )NP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP (NP *UNKC economists )NP (SBAR (S (NP I )NP (VP associate (PP with )PP )VP )S )SBAR )NP (PRN -- (NP (NP (NP *UNK )NP (PP in (NP (NP the Union )NP (PP of (NP *UNKC *UNKC Economists )NP )PP )NP )PP )NP , (ADVP most particularly )ADVP (NP (NP Robert *UNKC )NP (PP of (NP the economics *UNK )NP )PP (PP at (NP (NP the University )NP (PP of (NP California )NP )PP (PP at (NP *UNKC )NP )PP )NP )PP )NP )NP -- )PRN )NP (VP were not (VP *UNKED (PP in (NP (NP the manner )NP (PP of (NP their *UNK colleagues )NP )PP )NP )PP )VP )VP . )S  STOP
(S (ADVP All along )ADVP (NP they )NP (VP have (VP been (VP (VP noting (NP the tremors )NP )VP and (VP pointing (PRT out )PRT (NP the underlying *UNK )NP )VP )VP )VP )VP . )S  STOP
(S (S (NP Profit rates )NP (PP after (NP the great merger wave )NP )PP (VP are (ADJP no higher )ADJP )VP )S , and (S (ADVP now )ADVP (NP we )NP (VP have (NP (NP an (ADJP extremely *UNK- )ADJP burden )NP (ADJP relative (PP to (NP cash flow )NP )PP )ADJP )NP )VP )S . )S  STOP
(S (NP (NP The consequences )NP (PP of (S (VP building (NP *UNK )NP (PP with (NP sand )NP )PP )VP )S )PP )NP (VP are (VP showing (PRT up )PRT )VP )VP . )S  STOP
(S (PP In (NP (NP contrast )NP (PP to (NP (NP previous estimates )NP (VP *UNKING (NP (NP the default rate )NP (PP on (NP junk bonds )NP )PP )NP (PP at (NP (NP 2 % )NP or (NP 3 % )NP )NP )PP )VP )NP )PP )NP )PP , (NP (NP a Harvard study )NP (VP (VP published (PP in (NP (NP April )NP (PP of (NP this year )NP )PP )NP )PP )VP (PRN -LRB- and (VP discussed (PP in (NP (NP a lead story )NP (PP in (NP (NP The Wall Street Journal )NP (PP for (NP Sept. 18 )NP )PP )NP )PP )NP )PP )VP -RRB- )PRN )VP )NP (VP found (SBAR (S (NP (NP the default rate )NP (PP on (NP these junk bonds )NP )PP )NP (VP is (NP 34 % )NP )VP )S )SBAR )VP . )S  STOP
(SBARQ (WHNP What )WHNP (SQ (VP is (NP (NP the *UNK )NP (PP of (NP (NP a *UNK- burden )NP , (NP high default rates )NP and (NP continued low profitability )NP )NP )PP )NP )VP )SQ ? )SBARQ  STOP
(S (NP *UNKC )NP (VP need (NP (NP liquidity )NP , (PP in (NP (NP the form )NP (PP of (NP borrowed funds )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP Without (NP (NP (NP liquidity )NP (PP from (NP the junk-bond market )NP )PP )NP or (NP (NP cash flow )NP (PP from (NP profits )NP )PP )NP )NP )PP , (NP they )NP (VP look (PP to (NP (NP the government )NP , (SBAR (WHNP which )WHNP (S (VP (ADVP *UNKLY )ADVP *UNK (NP (NP the natural *UNK )NP (PP of (NP the *UNK economy )NP )PP )NP (PP with (NP (NP charity )NP (PP in (NP (NP the form )NP (PP of (NP (NP (NP cuts )NP (PP in (NP the capital-gains tax rate )NP )PP )NP or (NP *UNK )NP )NP )PP )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The *UNK )NP (VP can (VP be (NP (NP inflation )NP , (VP brought (PRT on )PRT (PP as (NP (NP the effect )NP (PP of (NP a desperate bid (S (VP to (VP avoid (NP (NP the *UNK shock )NP (PP of (NP a sudden crash )NP )PP )NP )VP )VP )S )NP )PP )NP )PP )VP )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP on (NP inflation )NP )PP )NP (VP come (PP with (NP (NP (NP another strategy )NP (PP of (NP capital )NP )PP (PP of (NP a (ADJP very traditional )ADJP sort )NP )PP )NP : (NP (NP an assault )NP (PP on (NP wages )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP Mr. *UNKC )NP , (S (VP *UNKING (PP through (NP *UNK )NP )PP (PP at (NP (NP the end )NP (PP of (NP history )NP )PP )NP )PP )VP )S , (VP said (PP in (NP his *UNK )NP )PP (SBAR that `` (S (NP the class issue )NP (VP has (ADVP actually )ADVP (VP been (VP (ADVP successfully )ADVP resolved (PP in (NP the West )NP )PP )VP )VP )VP )S )SBAR )VP ... )S  STOP
(S (NP (NP the *UNK )NP (PP of (NP modern America )NP )PP )NP (VP represents (NP (NP the essential *UNK )NP (PP of (NP (NP the *UNK society )NP (VP *UNKED (PP by (NP *UNKC )NP )PP )VP )NP )PP )NP )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP might (VP want (S (VP to (VP *UNK (NP some American workers )NP (PP on (NP (NP the subject )NP (PP of (NP class and *UNK )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (PP From (NP (NP its peak )NP (PP in (NP 1972 )NP )PP (PP of (NP $ *UNKN )NP )PP )NP )PP , (NP the average American weekly wage )NP (VP had (VP fallen (PP to (NP $ *UNKN )NP )PP (PP in (NP 1987 )NP )PP -- (S (NP both figures )NP (VP being (VP expressed (PP in (NP 1977 dollars )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (PP In (NP other words )NP )PP , (PP after (NP (NP the glory boom )NP (PP of (NP the Reagan years )NP )PP )NP )PP , (NP wages )NP (VP had (VP *UNK (PP from (NP the (ADJP post World War II )ADJP peak )NP )PP (PP by (NP 16 % )NP )PP (SBAR as (S (NP capitalists )NP , (S (VP helped (PP by (NP the government )NP )PP )VP )S , (VP (VP turned (PRT down )PRT (NP the *UNK )NP )VP or (VP went (ADVP offshore )ADVP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S But (NP there )NP (VP are (NP (NP (NP signs )NP (ADVP now )ADVP )NP (PRN -- (NP (NP the strikes )NP (PP by (NP (NP *UNK )NP , (NP Boeing workers )NP , (NP telephone workers )NP , *UNK )NP )PP )NP -- )PRN (SBAR that (S (NP (NP this attack )NP (PP on (NP wages )NP )PP )NP (VP is (VP being (VP (ADVP more fiercely )ADVP resisted )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP These )NP (VP are (NP (NP long-term Richter *UNK )NP (PP on (NP American capitalism )NP )PP )NP )VP . )S  STOP
(S (NP The whole structure )NP (VP is (ADJP extremely shaky )ADJP )VP . )S  STOP
(S (NP *UNKC )NP (VP have (VP become (ADJP sophisticated )ADJP (PP in (S (VP handling (NP (NP moments )NP (PP of (NP (NP panic )NP (PRN -LRB- (NP (NP a word )NP (SBAR (S (NP the London Times )NP (VP *UNK (S (NP my father )NP (VP to (VP use )VP )VP )S (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP was (VP reporting (NP the Wall Street crash )NP (PP in (NP *UNKN )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )NP -RRB- )PRN )NP )PP )NP )VP )S )PP )VP )VP . )S  STOP
(S But (NP *UNK )NP (VP has (NP its limits )NP )VP . )S  STOP
(S (NP The S&L bailout )NP (VP could (VP cost (NP (QP $ 300 billion )QP )NP , (S (VP computing (NP (NP interest )NP (PP on (NP (NP the government 's )NP loans )NP )PP )NP )VP )S )VP )VP . )S  STOP
(S (NP These )NP (VP are (NP real costs )NP )VP . )S  STOP
(SBARQ (WHPP Under (WHNP what *UNK )WHNP )WHPP (SQ will (NP the Federal Deposit Insurance *UNKC )NP (VP *UNK )VP )SQ ? )SBARQ  STOP
(S (S (NP *UNKC )NP (VP may (ADVP now )ADVP (VP be (VP engineered (S (VP to (VP *UNK (NP sudden shocks )NP )VP )VP )S )VP )VP )VP )S , but (S (NP there )NP (VP are (NP (NP fault lines )NP (PRN -- (NP (NP (NP the crisis )NP (PP in (NP profits )NP )PP )NP , (NP (NP the assault )NP (PP on (NP wages )NP )PP )NP , (NP (NP the structural *UNK )NP (PP of (NP the system )NP )PP )NP )NP -- )PRN (SBAR (WHNP that )WHNP (S (VP make (NP *UNK )NP (PP of (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP claim (SBAR (SBAR that (S (NP the future )NP (VP is (ADVP here )ADVP )VP )S )SBAR and (SBAR that (S (NP history )NP (VP is (ADVP over )ADVP )VP )S )SBAR )SBAR )VP )S )SBAR )NP )PP )VP )S )SBAR )NP )VP )S . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (NP a columnist )NP (PP for (NP (NP The *UNKC )NP and (NP *UNK *UNKLY )NP )NP )PP )VP . )S  STOP
(S (NP (NP Japan Air Lines )NP , (NP Lufthansa German Airlines )NP and (NP Air France )NP )NP (ADVP reportedly )ADVP (VP (VP plan (S (VP to (VP form (NP an international air-freight company )NP (NP this year )NP )VP )VP )S )VP , (NP (NP a move )NP (SBAR (WHNP that )WHNP (S (VP could (VP (ADVP further )ADVP consolidate (NP the industry )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Japanese newspaper *UNKC *UNKC *UNKC )NP (VP reported (SBAR that (S (NP the three giants )NP (VP plan (S (VP to (VP *UNK (NP (NP their cargo computers )NP and (NP (ADJP *UNK- and *UNK- )ADJP systems )NP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (ADVP reportedly )ADVP (VP will (VP invest (NP (NP a total )NP (PP of (NP (NP (QP 20 billion )QP yen )NP (PRN -LRB- (NP (QP $ 140 million )QP )NP -RRB- )PRN )NP )PP )NP (PP in (NP (NP the venture )NP , (SBAR (WHNP whose headquarters )WHNP (S (VP would (VP be (PP in (NP (NP France )NP or (NP West Germany )NP )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP The action )NP (VP follows (NP (NP (NP Federal Express Corp. 's )NP acquisition )NP (PP of (NP *UNKING Tiger Line Inc. )NP )PP (PP in (NP August )NP )PP )NP )VP . )S  STOP
(SINV (S (PP After (NP that )NP )PP , `` (NP (NP it )NP )NP (VP would (VP make (NP sense )NP (SBAR for (S (NP airlines )NP (VP to (VP talk (PP about (S (VP doing (NP things )NP (ADVP jointly )ADVP )VP )S )PP )VP )VP )S )SBAR )VP )VP , '' )S (VP said )VP (NP (NP Cotton Daly )NP , (NP (NP director )NP (PP of (NP cargo services )NP )PP (PP for (NP New York consulting firm *UNKC , *UNKC & *UNKC Inc )NP )PP )NP )NP . )SINV  STOP
(S (NP Mr. Daly )NP (VP said (SBAR (S (NP such discussions )NP (VP are (VP *UNKED (PP by (NP (NP the competitive threat )NP (VP *UNKED (PP by (NP (NP Federal Express )NP , (NP (NP United *UNKC Service )NP (PP of (NP America Inc. )NP )PP )NP and (NP other fast-growing air-freight companies )NP )NP )PP )VP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Many airlines )NP (VP are (VP talking (PP about (NP cargo ventures )NP )PP )VP )VP )S , and (S (NP there )NP (VP have (VP been (NP (NP rumors )NP (PP about (NP (NP such a tie )NP (PP between (NP (NP *UNKC )NP and (NP European airlines )NP )NP )PP )NP )PP )NP )VP )VP )S . )S  STOP
(S (PP In (NP Tokyo )NP )PP , (NP a *UNKC spokesman )NP (VP said (SBAR (S (NP he )NP (VP could n't (VP confirm or deny (NP the latest Japanese report )NP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP he )NP (VP said (SBAR (S (NP *UNKC )NP (VP is (VP talking (PP to (NP (NP Lufthansa )NP and (NP Air France )NP )NP )PP (PP about (NP (NP some sort )NP (PP of (NP cargo venture )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP It )NP (VP is (NP (NP just one )NP (PP of (NP (NP a number )NP (PP of (NP (NP strategies )NP (SBAR (S (NP *UNKC )NP (VP has (VP *UNKED (PP upon )PP (S (VP to (VP come (PP to (NP terms )NP )PP (PP with (NP (NP the situation )NP (PP in (NP Europe )NP )PP (PP after (NP (NP 1992 )NP , '' (NP (NP the deadline )NP (PP for (S (VP ending (NP (NP trade barriers )NP (PP in (NP the EC )NP )PP )NP )VP )S )PP )NP )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP )PP )NP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (PP In (NP Frankfurt )NP )PP , (NP a Lufthansa spokesman )NP (VP (VP confirmed (SBAR (S (NP talks )NP (VP are (PP under (NP way )NP )PP )VP )S )SBAR )VP , but (VP declined (S (VP to (VP comment )VP )VP )S )VP )VP . )S  STOP
(S (NP A Lufthansa spokeswoman )NP (PP in (NP Tokyo )NP )PP (VP said (SBAR (S (NP (NP the head )NP (PP of (NP (NP Lufthansa 's )NP cargo operations )NP )PP )NP (VP had (VP been (PP in (NP *UNKC )NP )PP (NP last week )NP (PP for (NP (NP talks )NP (PP with (NP JAL )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP Paris )NP )PP , (NP Air France )NP (VP declined (S (VP to (VP comment )VP )VP )S )VP . )S  STOP
(S `` (S (NP Nothing )NP (VP is (VP defined or signed (PP at (NP this point )NP )PP )VP )VP )S , '' (NP Mr. Daly )NP (VP said (PP of (NP the talks )NP )PP )VP . )S  STOP
(S (SBAR (WHNP Whatever accord )WHNP (S (NP the three carriers )NP (VP reach )VP )S )SBAR (PRN , (S (NP he )NP (VP said )VP )S )PRN , (NP he )NP (VP is (ADJP skeptical (SBAR (S (NP it )NP (VP would (VP create (NP a separate airline )NP )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (SBAR If (S (NP the three companies )NP (VP pool (NP their air-freight businesses )NP )VP )S )SBAR , (NP their clout )NP (VP would (VP be (ADJP considerable )ADJP )VP )VP . )S  STOP
(S (PP According (PP to (NP (NP figures )NP (PP from (NP the International Air Transport Association )NP )PP )NP )PP )PP , (NP they )NP (VP carried (NP (NP a combined (QP 1.8 million )QP tons )NP (PP of (NP freight )NP )PP )NP (NP last year )NP )VP . )S  STOP
(S (NP (NP Federal Express )NP and (NP *UNKING Tiger )NP )NP , (PP as (NP separate companies )NP )PP , (VP carried (NP a combined (QP 2.6 million )QP tons )NP )VP . )S  STOP
(S (NP (NP Air France )NP and (NP Lufthansa )NP )NP (NP last month )NP (VP concluded (NP (NP a far-reaching cooperation accord )NP (SBAR (WHNP that )WHNP (S (VP includes (NP air-freight activities )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP They )NP (VP plan (S (VP to (VP (VP increase (NP (NP cooperation )NP (PP in (NP freight *UNKING )NP )PP )NP )VP and (VP create (NP (NP a world-wide computer system )NP (SBAR (S (VP to (VP process (NP cargo )NP )VP )VP )S )SBAR )NP )VP )VP )VP )S )VP . )S  STOP
(S (S (NP Other airlines )NP (VP would (VP have (NP (NP access )NP (PP to (NP the system )NP )PP )NP )VP )VP )S (PRN , (S (NP they )NP (VP said )VP )S , )PRN and (S (NP (NP negotiations )NP (PP with (NP partners )NP )PP )NP (VP were (ADVP already )ADVP (PP under (NP way )NP )PP )VP )S . )S  STOP
(S (NP Both European airlines )NP (VP operate (NP (NP extensive *UNK )NP (PP of (NP (NP Boeing *UNKN *UNK )NP and (NP (NP *UNKN *UNKC )NP , (NP (NP aircraft )NP (SBAR (WHNP that )WHNP (S (VP carry (NP both freight and passengers )NP (PP on (NP the main *UNK )NP )PP )VP )S )SBAR )NP )NP )NP )PP )NP )VP . )S  STOP
(S (NP They )NP (ADVP currently )ADVP (VP have (NP (NP large orders )NP (PP for (NP cargo planes )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP Several airlines )NP , (PP including (NP (NP Lufthansa )NP , (NP JAL )NP and (NP Cathay Pacific Airways )NP )NP )PP , )NP (VP (VP are (VP working (PP on (NP a so-called global cargo system )NP )PP )VP )VP and (VP are (VP trying (S (VP to (VP attract (S (NP other carriers )NP (VP to (VP join )VP )VP )S )VP )VP )S )VP )VP )VP )S , (NP Mr. Daly )NP (VP said )VP . )S  STOP
(S (NP JAL )NP (ADVP also )ADVP (VP has (VP signaled (SBAR (S (NP it )NP (VP is (VP looking (PP for (NP (NP *UNK )NP (PP in (NP Europe )NP )PP (PP before (NP (NP the end )NP (PP of (NP 1992 )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Last month )NP , (NP the carrier )NP (VP said (SBAR (S (NP it )NP (VP wanted (S (VP to (VP lease (NP crews and planes )NP (PP from (NP British Airways )NP )PP )VP )VP )S (SBAR so (S (NP it )NP (VP could (VP *UNK (NP its passengers )NP (PP from (NP London )NP )PP (PP to (NP other European *UNK )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP British Airways )NP (VP said (SBAR (S (NP it )NP (VP has n't (VP received (NP a proposal )NP (PP from (NP JAL )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP last week )NP (NP there )NP (VP were (NP (NP (NP *UNK- negotiations )NP (PP between (NP (NP the U.K. )NP and (NP Japan )NP )NP )PP )NP , (NP (NP a likely first step )NP (PP to (NP (NP any commercial agreement )NP (PP between (NP (NP JAL )NP and (NP (NP British Airways )NP or (NP another U.K. carrier )NP )NP )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (NP Federal Paper Board Co. )NP (VP said (SBAR (S (NP it )NP (VP completed (NP (NP the (ADJP previously announced )ADJP purchase )NP (PP of (NP (NP Imperial Cup Corp. )NP , (NP (NP a (ADJP closely held )ADJP maker )NP (PP of (NP paper *UNK )NP )PP (VP based (PP in (NP (NP *UNKC )NP , (NP Ohio )NP )NP )PP )VP )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Terms )NP (VP were n't (VP disclosed )VP )VP . )S  STOP
(S (NP Imperial Cup )NP (VP has (NP (NP annual sales )NP (PP of (NP (QP approximately $ 75 million )QP )NP )PP )NP )VP . )S  STOP
(S (NP Federal Paper Board )NP (VP sells (NP paper and wood products )NP )VP . )S  STOP
(S (PP In (NP a move (S (VP to (VP prevent (NP (NP any *UNK )NP (PP in (NP the financial markets )NP )PP (PP from (NP the California earthquake )NP )PP )NP )VP )VP )S )NP )PP , (NP the Securities and Exchange Commission )NP (VP said (SBAR (S (NP it )NP (ADVP temporarily )ADVP (VP *UNKED (NP (NP options )NP (VP listed (PP on (NP the Pacific Stock Exchange )NP )PP )VP )NP (PP (PP to (NP the (UCP American , New York and Philadelphia )UCP stock exchanges )NP )PP and (PP to (NP the Chicago Board Options Exchange )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The decision )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP (NP millions )NP (PP of (NP (NP dollars )NP (PP of (NP trading positions )NP )PP )NP )PP )NP )VP )S )SBAR , )NP (VP was (VP made (NP late yesterday )NP (SBAR because (S (NP (NP the Pacific exchange 's )NP options floor )NP (VP was (VP shut (PRT down )PRT (PP as (NP (NP a result )NP (PP of (NP (NP Tuesday 's )NP earthquake )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The SEC )NP , (S (VP faced (PP with (NP (NP a major squeeze )NP (PP on (NP options positions )NP )PP )NP )PP )VP )S , (VP said (SBAR (S (NP (NP it )NP )NP (VP was (ADJP necessary )ADJP (S (VP to (VP ensure (SBAR that (S (NP (NP options )NP (VP listed (PP on (NP the exchange )NP )PP )VP )NP (VP could (VP be (VP traded (NP today and tomorrow )NP )VP )VP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP SEC Chairman Richard Breeden )NP (VP said (SBAR (S (NP (NP the cooperation )NP (PP by (NP the exchanges )NP )PP )NP (VP would (VP enable (S (NP investors )NP (VP to (VP buy and sell (NP (NP options )NP (VP listed (PP (ADVP solely )ADVP on (NP the Pacific exchange )NP )PP )VP )NP )VP )VP )S , (S (VP *UNKING (NP (NP the liquidity )NP (PP of (NP the market )NP )PP )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Officials )NP (PP at (NP the four exchanges )NP )PP )NP (VP said (SBAR (S (NP (NP (QP well over 50 )QP traders )NP (PP from (NP the Pacific exchange )NP )PP )NP (VP were (VP taking (NP (NP flights )NP (PP from (NP San Francisco )NP )PP )NP (NP late yesterday )NP (PP (PP to (NP the (UCP American , New York and Philadelphia )UCP exchanges )NP )PP and (PP to (NP (NP the CBOE )NP , (SBAR (WHADVP where )WHADVP (S (NP they )NP (VP would (VP continue (S (VP making (NP (NP markets )NP (PP in (NP the *UNKED options )NP )PP )NP )VP )S )VP )VP )S )SBAR )NP )PP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The Big Board )NP (VP said (SBAR (S (NP *UNK )NP (VP (ADVP quickly )ADVP *UNKED (NP (NP a new options floor )NP (SBAR (S (VP to (VP *UNK (NP (NP 40 traders )NP (PP from (NP the Pacific exchange )NP )PP )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP (NP specialists )NP (PP on (NP the exchanges )NP )PP )NP (VP agreed (S (VP to (VP provide (NP (NP *UNK capital )NP (PP for (NP (NP *UNKING )NP (PP in (NP (NP Pacific exchange options )NP (VP traded (PP on (NP the exchanges )NP )PP )VP )NP )PP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP Trading )NP (VP was (ADJP light )ADJP (PP on (NP the Pacific Stock Exchange )NP )PP (NP yesterday )NP , (PP with (S (NP (NP workers )NP (PP at (NP (NP (NP the exchange 's )NP main floor )NP (PP in (NP San Francisco )NP )PP )NP )PP )NP (VP struggling (S (VP to (VP execute (NP orders )NP (PP by (NP *UNK )NP )PP (PP as (NP (NP a result )NP (PP of (NP a continuing power *UNK )NP )PP )NP )PP )VP )VP )S )VP )S )PP )VP . )S  STOP
(S (NP The (ADJP most pressing )ADJP problem )NP (VP was (NP (NP the suspension )NP (PP of (NP options trading )NP )PP )NP )VP . )S  STOP
(S (NP The Pacific exchange )NP (VP has (NP (NP options )NP (PP for (NP (NP *UNKN underlying stock issues )NP , (PP including (NP (NP (ADJP highly active )ADJP *UNKC *UNKC Corp. )NP , (SBAR (WHNP which )WHNP (S (VP is (VP listed (PP on (NP the Big Board )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Investors )NP (VP were (ADJP concerned (SBAR that (S (NP they )NP (VP might (VP be (ADJP unable (S (VP to (VP exercise (NP (NP options )NP (SBAR (WHNP that )WHNP (S (VP expire (NP tomorrow )NP )VP )S )SBAR )NP )VP )VP )S )ADJP )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S But (NP professionals )NP (VP said (PP throughout (NP the day )NP )PP (SBAR that (S (NP the shutdown )NP (VP would n't (VP be (NP (NP a cause )NP (PP for (NP *UNK )NP )PP )NP (SBAR even if (S (NP it )NP (VP were (S (VP to (VP *UNK (PP for (NP several days )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP I )NP (VP 've (VP told (NP my staff and clients )NP (SBAR that (S (NP they )NP (ADVP still )ADVP (VP have (NP the ability (S (VP to (VP exercise (NP their options )NP )VP )VP )S )NP , (SBAR because (S (NP they )NP (VP are (VP guaranteed (PP by (NP the Options *UNKING Corp. )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP )S , '' (VP said )VP (NP (NP Michael Schwartz )NP , (NP (NP a senior registered options strategist )NP (PP at (NP Oppenheimer & Co )NP )PP )NP )NP . )S  STOP
(S (NP The SEC )NP (VP *UNKED (NP (NP trading )NP (PP in (NP the options )NP )PP )NP , (ADVP however )ADVP , (S (VP to (VP allow (S (NP investors )NP (VP to (VP do (NP (NP more )NP (SBAR than (S (ADVP simply )ADVP (VP exercise (NP the options )NP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (SBAR While (S (NP (NP (NP the exchange 's )NP equities floor )NP (PP in (NP San Francisco )NP )PP )NP (VP remained (ADJP open )ADJP (PP on (NP a limited basis )NP )PP )VP )S )SBAR , (NP orders )NP (VP were (VP being (VP *UNKED and executed (PP in (NP Los Angeles )NP )PP )VP )VP )VP . )S  STOP
(S (S (NP Workers )NP (VP could (VP *UNK (ADVP out )ADVP )VP )VP )S , but (S (NP they )NP (VP could n't (VP receive (NP telephone calls )NP )VP )VP )S . )S  STOP
(SINV `` (S (NP It )NP (VP 's (NP a (ADJP very uncertain )ADJP situation )NP (ADVP right now )ADVP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP administrative assistant )NP (PP of (NP (NP trading floor operations )NP (PP of (NP (NP the exchange )NP , (SBAR (WHNP which )WHNP (S (VP has (NP (NP daily volume )NP (PP of (NP (QP about 10 million )QP shares )NP )PP )NP )VP )S )SBAR )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (S (SBAR Because (S (NP (NP the exchange 's )NP computer )NP (VP was (VP *UNKING (NP orders )NP (PP to (NP (NP (NP the exchange 's )NP trading operations )NP (PP in (NP Los Angeles )NP )PP )NP )PP )VP )VP )S )SBAR , `` (NP business )NP (VP is (PP as (ADJP usual )ADJP )PP )VP '' )S (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S `` (SBAR If (S (NP one city )NP (VP is (ADJP down )ADJP )VP )S )SBAR , (NP the other )NP (VP can (VP take (PRT over )PRT )VP )VP . '' )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP the brokerage firms )NP (PP in (NP San Francisco )NP )PP )NP (VP were (VP trying (S (VP to (VP cope )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Charles *UNKC )NP , (NP (NP (NP chairman )NP and (NP chief executive officer )NP )NP (PP of (NP *UNKC & Co. )NP )PP )NP , )NP (VP said (SBAR (S (NP traders )NP (VP (VP came (PP to (NP work )NP )PP (PP at (NP 5 a.m. *UNKC )NP )PP (PRN -- (S (NP many )NP (PP on (NP foot )NP )PP (PP because of (NP uncertain road and traffic conditions )NP )PP )S -- )PRN )VP but (VP learned (SBAR that (S (NP they )NP (VP would (VP have (S (VP to (VP *UNK (NP (NP a required *UNK )NP (PP by (NP the city )NP )PP )NP )VP )VP )S (SBAR in order (S (VP to (VP turn (NP the power )NP (ADVP back )ADVP (PRT on )PRT (PP at (NP (NP the company 's )NP two main facilities there )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP That )NP (VP should (VP happen (PP by (NP today )NP )PP )VP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (NP Traders )NP (VP worked (PP with (NP (NP the help )NP (PP of (NP (NP *UNK )NP (VP *UNKING (PP through (NP windows )NP )PP )VP )NP )PP )NP )PP , (PP despite (NP (NP (NP large cracks )NP (PP in (NP the walls )NP )PP )NP and (NP (NP a lack )NP (PP of (NP *UNKING phone calls )NP )PP )NP )NP )PP )VP . )S  STOP
(S (ADVP Also )ADVP , (NP (NP most )NP (PP of (NP the telecommunications equipment )NP )PP )NP (VP was (ADJP out )ADJP )VP . )S  STOP
(S (NP The traders )NP (VP were (VP *UNKING (NP (NP municipal bond )NP , (NP mutual fund )NP and (NP other )NP (NX orders )NX )NP (PP through (NP (NP a sister firm )NP , (NP Tucker Anthony Inc. )NP , (SBAR (WHNP which )WHNP (S (VP (VP is (ADVP also )ADVP (VP owned (PP by (NP John Hancock Freedom Securities )NP )PP )VP )VP but (VP is (VP based (PP in (NP New York )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S `` (NP We )NP (VP are (VP having (NP a regular day )NP )VP )VP . )S  STOP
(S (S (NP (NP Volume )NP )NP (VP is (ADVP down )ADVP (PP (PP out (PP of (NP San Francisco )NP )PP )PP , but not (PP out (PP of (NP the 11 *UNKING offices )NP )PP )PP )PP )VP )S , '' (NP Mr. *UNKC )NP (VP added )VP . )S  STOP
(S (NP (NP *UNKC 's )NP Oakland office )NP (VP executed (NP orders )NP (PP through (NP (NP the Sacramento office )NP , (SBAR (WHNP which )WHNP (S (VP was n't (VP affected (PP by (NP the quake )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP Others )NP , (PP like (NP (NP Prudential-Bache Securities Inc. )NP , (SBAR (WHNP which )WHNP (S (VP has (NP eight offices )NP (PP in (NP the San Francisco area )NP )PP )VP )S )SBAR , )NP )PP )NP (VP set (PRT up )PRT (NP an 800 number )NP (NP yesterday morning )NP (SBAR for (S (NP customers )NP (VP to (VP obtain (NP (NP market commentary )NP and (NP other help )NP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP At (NP (NP Kidder , Peabody & Co. 's )NP Sacramento branch )NP )PP , (NP *UNKC *UNKC White )NP (VP received (NP calls )NP (NP yesterday morning )NP (PP from (NP (NP workers )NP (PP in (NP San Francisco )NP )PP (SBAR (WHNP who )WHNP (S (VP offered (S (VP to (VP work (PP in (NP Sacramento )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )VP . )S  STOP
(S Then (NP she )NP (VP discovered (SBAR that (S (NP (NP Quotron Systems Inc. 's )NP Sacramento lines )NP (VP were (ADJP down )ADJP , (SBAR because (S (NP they )NP (VP are (ADVP normally )ADVP (VP tied (ADVP in )ADVP (PP through (NP (NP a system )NP (SBAR (WHNP that )WHNP (S (VP goes (PP through (NP San Francisco )NP )PP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S So (NP the Kidder brokers )NP (VP had (S (VP to (VP call (NP other company offices )NP (S (VP to (VP get (NP (NP quotes )NP (PP on (NP stocks )NP )PP )NP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (PP At (NP Quotron )NP )PP , (NP (NP (NP the company 's )NP National *UNKC Center )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (PP into (NP action )NP )PP (PP for (NP the first time )NP )PP (NP last month )NP (PP for (NP Hurricane Hugo )NP )PP )VP )S )SBAR , )NP (VP assembled (NP (NP a tactical team )NP )NP (PP at (NP 5 a.m. )NP )PP (NP yesterday )NP (SBAR (S (VP to (VP (VP begin (S (VP *UNKING (NP lines )NP )VP )S )VP and (VP restore (NP service )NP (PP to (NP brokers and traders )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP dispatched (NP (NP (QP as many as 200 )QP people )NP )NP (PP in (NP the San Francisco area )NP )PP (SBAR (S (VP to (VP do (NP the work )NP )VP )VP )S )SBAR , (SBAR though (S (NP (NP most )NP (PP of (NP the *UNKING )NP )PP )NP (VP was (VP done (PP by (NP computer )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Service )NP (VP appeared (S (VP to (VP be (ADJP down )ADJP (PP throughout (NP (NP the financial district )NP (PP in (NP downtown San Francisco )NP )PP )NP )PP , (SBAR while (S (NP (NP just parts )NP (PP of (NP (NP Oakland )NP and (NP San Jose )NP )NP )PP )NP (VP were (VP knocked (PRT out )PRT )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S But (NP (NP Dale *UNKC )NP , (NP (NP director )NP (PP of (NP the emergency center )NP )PP )NP , )NP (VP said (SBAR (S (NP service )NP (VP was (VP being (VP restored (PP to (NP *UNKING San Francisco areas )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP Chicago )NP )PP (NP yesterday )NP , (NP Options Clearing )NP (VP confirmed (SBAR that (S (NP it )NP (VP guarantees (NP the Pacific exchange options )NP )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP The firm )NP (ADVP also )ADVP (VP will (VP permit (S (NP (NP its members )NP and (NP the public )NP )NP `` (VP to (VP exercise (NP (NP their put and call options contracts )NP (VP traded (PP on (NP the Pacific exchange )NP )PP )VP )NP )VP )VP '' )S (SBAR even if (S (NP the exchange )NP (VP is (ADJP closed )ADJP )VP )S )SBAR )VP )VP )S , (VP said )VP (NP (NP Wayne *UNKC )NP , (NP (NP chairman )NP (PP of (NP Options Clearing )NP )PP )NP )NP . )SINV  STOP
(S -LRB- (NP Put options )NP (VP give (NP holders )NP (NP (NP the right )NP , but not (NP the obligation )NP , (S (VP to (VP sell (NP a financial instrument )NP (PP at (NP a specified price )NP )PP )VP )VP )S )NP , (SBAR while (S (NP call options )NP (VP give (NP holders )NP (NP (NP the right )NP , but not (NP the obligation )NP , (S (VP to (VP buy (NP a financial instrument )NP (PP at (NP a specified price )NP )PP )VP )VP )S )NP )VP )S )SBAR )VP -RRB- . )S  STOP
(S (S (NP (NP Investors and traders )NP (PP in (NP Pacific exchange options )NP )PP )NP `` (VP are (VP protected (PP to (NP the extent (SBAR that (S (NP they )NP (VP can (VP convert (NP their put and call options )NP (PP into (NP the underlying instrument )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S , '' (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S `` (NP We )NP (VP are (VP seeing (NP such *UNK )NP (NP today )NP , (PP in (NP fact )NP )PP )VP )VP . )S  STOP
(S (NP International Business Machines Corp. )NP (VP said (SBAR (S (NP its board )NP (VP (VP approved (NP (NP the purchase )NP (PP of (NP (NP (QP $ 1 billion )QP )NP (PP of (NP its common shares )NP )PP )NP )PP )NP )VP , (NP (NP a move )NP (SBAR (WHNP that )WHNP (S (VP should (VP help (S (VP support (NP its battered stock )NP )VP )S )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Even as (S (NP the stock market )NP (VP has (ADVP generally )ADVP (VP done (ADVP well )ADVP (NP this year )NP )VP )VP )S )SBAR , (NP (NP IBM 's )NP shares )NP (VP have (VP slipped (ADVP steadily )ADVP (PP from (NP (NP its *UNK- high )NP (PP of (NP $ *UNKN )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP (NP Yesterday 's )NP closing price )NP (PP of (NP $ *UNKN )NP )PP )NP , (S (ADVP down (NP 50 cents )NP )ADVP , (PP in (NP (NP composite trading )NP (PP on (NP the New York Stock Exchange )NP )PP )NP )PP )S , (VP puts (NP the stock )NP (PP at (NP (NP (QP about 1 1\/2 times )QP book value )NP , (SBAR (WHNP which )WHNP (S (VP is (ADJP (ADJP as low )ADJP (SBAR as (S (NP it )NP (VP has (VP *UNK (PP over (NP the past decade )NP )PP )VP )VP )S )SBAR )ADJP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The announcement )NP (VP came (PP after (NP (NP the market 's )NP close )NP )PP )VP . )S  STOP
(S (NP (NP The move )NP (PP by (NP IBM )NP )PP )NP (VP was n't (ADVP exactly )ADVP (NP a surprise )NP )VP . )S  STOP
(S (NP The company )NP (VP has (VP spent (NP (QP some $ 5 billion )QP )NP (PP over (NP the past (QP 3 1\/2 )QP years )NP )PP (S (VP to (VP buy (ADVP back )ADVP (NP (NP (QP 42 million )QP common shares )NP , or (NP (NP (QP roughly 7 )QP % )NP (PP of (NP (NP those )NP (ADJP outstanding )ADJP )NP )PP )NP )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (PP despite (NP (NP IBM 's )NP *UNKED recent problems )NP )PP , (NP the computer giant )NP (ADVP still )ADVP (VP generates (NP (NP enormous amounts )NP (PP of (NP cash )NP )PP )NP )VP . )S  STOP
(S (PP As (PP of (NP (NP the end )NP (PP of (NP the second quarter )NP )PP )NP )PP )PP , (NP it )NP (VP had (NP (NP (QP $ *UNKN billion )QP )NP (PP of (NP (NP cash )NP and (NP *UNK securities )NP )NP )PP )NP (PP on (NP hand )NP )PP )VP . )S  STOP
(S (PP As (NP a result )NP )PP , (NP some securities analysts )NP (VP had (VP predicted (PP in (NP recent days )NP )PP (SBAR that (S (NP IBM )NP (VP would (VP *UNK (NP additional purchases )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP (NP Armonk )NP , (NP N.Y. )NP , )NP )PP (NP a spokesman )NP (VP said (SBAR that (S (SBAR although (S (NP IBM )NP (VP did n't (VP view (NP its spending )NP (PP as (NP (NP necessarily a way )NP (SBAR (S (VP to (VP support (NP the stock )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR , (NP it )NP (VP thought (SBAR (S (NP the purchases )NP (VP were (NP (NP a good way )NP (SBAR (S (VP to (VP improve (NP (NP such financial measurements )NP (PP as (NP (NP per-share earnings )NP and (NP (NP return )NP (PP on (NP equity )NP )PP )NP )NP )PP )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP We )NP (VP view (NP it )NP (PP as (NP a good long-term investment )NP )PP )VP )S , '' (NP the spokesman )NP (VP said )VP . )S  STOP
(S (PP In (NP the short term )NP )PP , (NP the move )NP (VP is (ADJP likely (S (VP to (VP have (NP little effect )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (PP At (NP (NP yesterday 's )NP closing price )NP )PP , (NP (QP $ 1 billion )QP )NP (VP would (VP buy (ADVP back )ADVP (NP (NP (QP about 10 million )QP shares )NP , or (NP (NP (QP less than 2 )QP % )NP (PP of (NP (NP the (QP roughly *UNKN million )QP )NP (ADJP outstanding )ADJP )NP )PP )NP )NP )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (PP as (PP of (NP Sept. 30 )NP )PP )PP , (NP the company )NP (ADVP still )ADVP (VP had (NP authorization (S (VP to (VP buy (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP stock )NP )PP )NP )VP )VP )S )NP (PP under (NP a prior repurchase program )NP )PP )VP . )S  STOP
(S (PP Over (NP the long term )NP )PP , (ADVP however )ADVP , (NP (NP (NP IBM 's )NP stock *UNK )NP (PRN -- (PP along (PP with (NP (NP its hefty , (ADJP $ *UNK- )ADJP annual dividend )NP and (NP (NP (ADJP generally loyal )ADJP following )NP (PP among (NP large institutional investors )NP )PP )NP )NP )PP )PP -- )PRN )NP (VP are (VP providing (NP a floor )NP (PP for (NP the stock price )NP )PP )VP )VP . )S  STOP
(S (SBAR Although (S (NP IBM )NP (NP last year )NP (VP (VP produced (NP (NP its first strong results )NP (PP in (NP four years )NP )PP )NP )VP and (VP was (VP expected (S (VP to (VP continue (S (VP to (VP roll )VP )VP )S (NP this year )NP )VP )VP )S )VP )VP )VP )S )SBAR , (NP it )NP (VP began (S (VP *UNKING )VP )S (ADVP (ADVP as early )ADVP (PP as (NP January )NP )PP )ADVP )VP . )S  STOP
(S (ADVP First )ADVP , (NP it )NP (VP had (NP (NP trouble )NP (S (VP manufacturing (NP (NP a chip )NP (PP for (NP (NP its mainframes )NP , (NP (NP IBM 's )NP *UNK- business )NP )NP )PP )NP )VP )S )NP )VP . )S  STOP
(S Then (NP it )NP (VP had (NP (NP a series )NP (PP of (NP smaller *UNK )NP )PP , (PP including (NP (NP (NP problems )NP (S (VP manufacturing (NP certain personal computers )NP )VP )S )NP and (NP (NP the delay )NP (PP in (NP (NP the announcement )NP (PP of (NP some important workstations )NP )PP )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (ADVP Finally )ADVP , (NP IBM )NP (VP had (S (VP to (VP delay (NP (NP the introduction )NP (PP of (NP (NP some *UNK- disk drives )NP , (SBAR (WHNP which )WHNP (S (VP account (PP for (NP (NP 10 % )NP (PP of (NP (NP its (QP $ 60 billion )QP )NP (PP of (NP annual revenue )NP )PP )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (S (NP (NP None )NP (PP of (NP the problems )NP )PP )NP (VP is (ADJP necessarily *UNK )ADJP )VP )S , and (S (NP they )NP (VP are n't all (ADJP necessarily even related )ADJP )VP )S . )S  STOP
(S (NP There )NP (VP are (ADVP also )ADVP (NP (NP other factors )NP (PP at (NP work )NP )PP (SBAR (WHNP that )WHNP (S (VP are (PP outside (NP (NP IBM 's )NP control )NP )PP )VP )S )SBAR , (PP such as (NP currency exchange rates )NP )PP )NP )VP . )S  STOP
(S (NP (NP The strong dollar )NP , (SBAR (WHNP which )WHNP (S (VP reduces (NP (NP the value )NP (PP of (NP overseas earnings and revenue )NP )PP )NP (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP are (VP translated (PP into (NP dollars )NP )PP )VP )VP )S )SBAR )VP )S )SBAR , )NP (VP is (VP expected (S (VP to (VP *UNK (NP (QP 80 to 85 )QP cents )NP (PP off (NP (NP (NP IBM 's )NP per-share earnings )NP (PP for (NP the full year )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (PP Without (NP that problem )NP )PP , (NP IBM )NP (VP might (VP have (VP matched (NP (NP (NP last year 's )NP earnings )NP (PP of (NP (NP (QP $ *UNKN billion )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )NP )VP )VP )VP . )S  STOP
(S (ADVP Still )ADVP , (NP investors )NP (VP will (VP take (NP some convincing )NP (SBAR before (S (NP they )NP (VP get (ADVP back )ADVP (PP into (NP (NP IBM 's )NP stock )NP )PP (PP in (NP a big way )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Steve *UNKC )NP , (NP (NP a securities analyst )NP (PP at (NP First Boston )NP )PP )NP , )NP (VP said (SBAR that (S (SBAR while (S (NP investors )NP (VP were (VP looking (PP for (NP (NP an excuse )NP (SBAR (S (VP to (VP buy (NP IBM shares )NP )VP )VP )S )SBAR )NP )PP (ADVP (NP a year )NP ago )ADVP )VP )VP )S )SBAR , (NP even the big institutional investors )NP (VP are (VP looking (PP for (NP (NP a reason )NP (SBAR (S (VP to (VP avoid (NP the stock )NP )VP )VP )S )SBAR )NP )PP (NP these days )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP On (NP Wall Street )NP )PP (NP yesterday )NP , (NP (NP northern California 's )NP *UNK earthquake )NP (VP was (NP (ADJP just another )ADJP chance (S (VP to (VP make (NP a *UNK )NP )VP )VP )S )NP )VP . )S  STOP
(S (PP At (NP the opening bell )NP )PP , (NP investors )NP (VP (ADVP quickly )ADVP began (S (VP *UNKING (PRT out )PRT (NP (NP shares )NP (PP of (NP (NP companies )NP (SBAR (S (VP expected (S (VP to (VP profit or suffer (PP in (NP some way )NP )PP (PP from (NP the California disaster )NP )PP )VP )VP )S )VP )S )SBAR , (PP including (NP (NP insurers )NP , (NP *UNKED companies )NP , (NP *UNK )NP and (NP housing lenders )NP )NP )PP )NP )PP )NP )VP )S )VP . )S  STOP
(S (S (NP *UNKC houses )NP (VP jumped (ADVP in )ADVP , (S (VP *UNKING (NP `` *UNK- demand '' stocks )NP )VP )S )VP )S , and (S (NP Kidder , Peabody & Co. )NP (VP set (PRT up )PRT (NP (NP a *UNK- hot line )NP (PP for (NP (NP San *UNKC )NP (SBAR (WHNP who )WHNP (S (VP might (VP need (NP (NP emergency investment advice )NP and (NP (NP help )NP (PP in (S (VP *UNKING (NP funds )NP )VP )S )PP )NP )NP )VP )VP )S )SBAR )NP )PP )NP )VP )S . )S  STOP
(SINV `` (S (NP Wall Street )NP (VP thinks (PP of (NP everything )NP )PP (PP in (NP (NP terms )NP (PP of (NP money )NP )PP )NP )PP )VP )S , '' (VP says )VP (NP (NP Tom *UNKC )NP , (NP a senior Oppenheimer & Co. trader )NP )NP . )SINV  STOP
(S (ADVP However )ADVP (PRN , (S (NP he )NP (VP added )VP )S , )PRN (NP such *UNK- trading moves )NP (VP (VP (ADVP typically )ADVP last (NP (QP only a few )QP hours )NP )VP and (VP are (ADVP often )ADVP (VP made (PP without (NP full information )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP The (ADJP most popular )ADJP plays )NP (PP of (NP the day )NP )PP )NP (VP were (NP (NP insurance companies )NP (PP such as (NP (NP (NP General *UNK Corp. )NP , (SBAR (WHNP which )WHNP (S (VP rose (NP $ 2.75 )NP (PP to (NP $ *UNKN )NP )PP )VP )S )SBAR , )NP (NP (NP *UNKC *UNK Corp. )NP , (ADVP up (NP $ 2 )NP (PP to (NP $ *UNKN )NP )PP )ADVP , )NP (NP (NP American International Group Inc. )NP , (ADVP up (NP $ *UNKN )NP (PP to (NP $ *UNKN )NP )PP )ADVP , )NP and (NP (NP *UNKC Corp. )NP , (ADVP up (NP 87.5 cents )NP (PP to (NP $ *UNKN )NP )PP )ADVP )NP )NP )PP )NP )VP . )S  STOP
(S (NP Yesterday )NP , (NP (NP the brokerage firm )NP (NP *UNKING & Co. )NP )NP (VP said (SBAR (S (NP insurers )NP (VP will (VP use (NP the earthquake )NP (PP as (NP (NP an excuse )NP (SBAR (S (VP to (VP raise (NP insurance rates )NP )VP )VP )S )SBAR )NP )PP , (S (VP ending (NP their long price wars )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Before (S (NP this bullish theory )NP (VP surfaced )VP )S )SBAR , (NP some insurance stocks )NP (ADVP initially )ADVP (VP fell , (S (VP indicating (SBAR that (S (NP investors )NP (VP thought (SBAR (S (NP the quake )NP (VP might (VP cost (NP insurers )NP (NP (NP a lot )NP (PP of (NP money )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP )S )VP . )S  STOP
(S (PP In (NP fact )NP )PP , (NP (NP (NP Fireman 's )NP Fund Corp. )NP , (SBAR (WHNP which )WHNP (S (VP ended (NP the day )NP (ADVP off (NP 50 cents )NP (PP to (NP $ *UNKN )NP )PP )ADVP )VP )S )SBAR , )NP (VP said (SBAR (S (NP earthquake damage )NP (VP would (VP (ADVP slightly )ADVP hurt (NP fourth-quarter profit )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP On (NP (NP the prospect )NP (PP for (S (VP *UNKING (NP northern California )NP )VP )S )PP )NP )PP , (NP investors )NP (VP bid (PRT up )PRT (NP (NP (NP *UNK- *UNKC Co. )NP , (ADVP up (NP $ 2.75 )NP (PP to (NP $ *UNKN )NP )PP )ADVP , )NP and (NP (NP Lone Star Industries Inc. )NP , (ADVP up (NP $ 1.75 )NP (PP to (NP $ *UNKN )NP )PP )ADVP )NP )NP )VP . )S  STOP
(S (NP (NP Bridge and road builders )NP )NP (VP had (NP a field day )NP , (PP including (NP (NP (NP *UNKC Corp. )NP , (ADVP up (NP $ *UNKN )NP (PP to (NP $ *UNKN )NP )PP )ADVP , )NP (NP (NP Guy F. *UNKC Co. )NP , (ADVP up (NP 87.5 )NP (PP to (NP $ *UNKN )NP )PP )ADVP , )NP and (NP (NP *UNKC *UNKC Corp. )NP , (SBAR (WHNP which )WHNP (S (VP reported (NP higher third-quarter earnings )NP (NP yesterday )NP , (ADVP up (NP $ 2.25 )NP (PP to (NP $ *UNKN )NP )PP )ADVP )VP )S )SBAR )NP )NP )PP )VP . )S  STOP
(S (NP (NP Fluor Corp. )NP , (NP a construction engineering firm )NP , )NP (VP gained (NP 75 cents )NP (PP to (NP $ *UNKN )NP )PP )VP . )S  STOP
(S But (NP *UNKING stocks )NP (VP were (NP a mixed bag )NP )VP . )S  STOP
(S (NP *UNKC stocks )NP (VP got (NP a big boost )NP )VP . )S  STOP
(S (NP (NP (NP (NP Georgia Pacific Corp. )NP , (ADVP up (NP $ 1.25 )NP (PP to (NP $ 58 )NP )PP )ADVP , )NP and (NP (NP *UNKC Inc. )NP , (ADVP up (NP $ 3 )NP (PP to (NP $ *UNKN )NP )PP )ADVP , )NP )NP )NP both (VP reported (NP strong profits )NP )VP . )S  STOP
(S (NP Merrill Lynch & Co. )NP (VP *UNKED (NP (NP Georgia-Pacific )NP , (NP Louisiana Pacific Corp. )NP and (NP *UNKC Industries Inc. )NP )NP (PP as (NP the best *UNK- *UNK plays )NP )PP )VP . )S  STOP
(S (NP Other gainers )NP (VP were (NP (NP companies )NP (PP with (NP (QP one or more )QP *UNKED California *UNK )NP )PP )NP )VP . )S  STOP
(S (S (NP *UNKC Corp. )NP (VP jumped (NP $ 1.125 )NP (PP to (NP $ *UNKN )NP )PP )VP )S and (S (NP Chevron Corp. )NP , (PP despite (NP a temporary pipeline shutdown )NP )PP , (VP rose (NP $ 1 )NP (PP to (NP $ 65 )NP )PP )VP )S . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP shares )NP (PP of (NP some big housing lenders )NP )PP )NP (VP got (VP hit , (PP on (NP the likelihood (SBAR that (S (NP (NP (NP the lenders ' )NP collateral )NP (PRN -- (NP (NP people 's )NP homes )NP -- )PRN )NP (VP suffered (NP (NP physical damage )NP and (ADVP perhaps )ADVP (NP (NP a loss )NP (PP in (NP value )NP )PP )NP )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (S (NP Wells Fargo & Co. )NP (VP fell (NP 50 cents )NP (PP to (NP $ *UNKN )NP )PP )VP )S , and (S (NP BankAmerica Corp. )NP (VP fell (NP 50 cents )NP (PP to (NP $ *UNKN )NP )PP )VP )S . )S  STOP
(S (NP (NP Some California thrift stocks )NP )NP (ADVP also )ADVP (VP fell , (PP including (NP (NP (NP Golden West Financial Corp. )NP and (NP *UNKC *UNKC & Co. )NP )NP , (SBAR (WHNP which )WHNP (S (VP reported (NP lower earnings )NP (NP yesterday )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(SINV `` (S (NP Property values )NP (VP did n't (VP go (ADVP up )ADVP (PP in (NP California )NP )PP (NP yesterday )NP )VP )VP )S , '' (VP says )VP (NP one money manager )NP . )SINV  STOP
(S (NP Pacific Gas & Electric Co. )NP (VP fell (NP 37.5 cents )NP (PP to (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (NP (NP One )NP (PP of (NP its power *UNK )NP )PP )NP (VP was (VP damaged , (SBAR though (S (NP the company )NP (VP said (SBAR (S (NP there )NP (VP wo n't (VP be (NP any financial impact )NP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Pacific Telesis Group )NP (VP lost (NP 62.5 cents )NP (PP to (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (S (NP A computer failure )NP (VP delayed (NP its earnings announcement )NP )VP )S , and (S (NP some investors )NP (VP think (SBAR (S (NP it )NP (VP might (VP have (NP extra costs (S (VP to (VP repair (NP damaged telephone lines )NP )VP )VP )S )NP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP (NP Heavy construction )NP , (NP *UNK- insurance )NP and (NP forest products )NP )NP (VP were (PP among (NP (NP the (ADJP best performing )ADJP industry groups )NP (PP in (NP the Dow Jones Equity Market Index )NP )PP )NP )PP (NP yesterday )NP )VP . )S  STOP
(S (NP (NP Friday 's )NP stock market plunge )NP (VP claimed (NP (NP its second victim )NP (PP among (NP (NP the scores )NP (PP of (NP (NP futures and options trading firms )NP (ADVP here )ADVP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP *UNKC Options )NP , (NP (NP an options trading firm )NP (VP owned (PP by (NP (NP the family )NP (PP of (NP (NP the *UNKED former (NAC Chicago Board (PP of (NP Trade )NP )PP )NAC chairman )NP (NP Ralph Peters )NP )NP )PP )NP )PP )VP )NP , )NP (VP is (VP getting (ADVP out (PP of (NP the (NX trade clearing )NX (PRN , or (NX processing and *UNKING )NX , )PRN (NX business )NX )NP )PP )ADVP (PP after (S (VP *UNKING (NP a (ADJP *UNK dollar )ADJP loss )NP (NP Friday )NP )VP )S )PP )VP )VP )S , (NP options industry officials )NP (VP said )VP . )S  STOP
(S (S (NP (NP (QP Nearly 75 )QP options traders )NP (PP on (NP the Chicago Board Options Exchange )NP )PP (SBAR (WHNP who )WHNP (S (VP cleared (NP trades )NP (PP through (NP *UNKC )NP )PP )VP )S )SBAR , (PP including (NP (NP a handful )NP (PP of (NP traders )NP )PP (SBAR (WHNP who )WHNP (S (VP lost (NP (QP between $ 500,000 to $ 1 million )QP )NP (ADVP themselves )ADVP (PP as (NP (NP a result )NP (PP of (NP (NP Friday 's )NP debacle )NP )PP )NP )PP )VP )S )SBAR )NP )PP , )NP (VP are (VP trying (S (VP to (VP transfer (NP their business )NP (PP to (NP other clearing firms )NP )PP )VP )VP )S )VP )VP )S , (NP CBOE members )NP (VP said )VP . )S  STOP
(S (NP (NP *UNKC Vincent )NP , (NP *UNKC chief executive officer )NP , )NP (VP confirmed (SBAR that (S (NP *UNKC )NP (VP was (VP *UNKING (PP from (NP the clearing business )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (S (NP (NP The owners )NP (PP of (NP the company )NP )PP )NP (VP got (NP (NP a look )NP (PP at (NP (NP the potential risks )NP (PP in (NP this business )NP )PP )NP )PP )NP )VP )S , and (S (PP after (NP Monday )NP )PP (NP they )NP (VP felt (SBAR (S (NP they )NP (VP did n't (VP want (S (VP to (VP be (VP exposed (ADVP any more )ADVP )VP )VP )VP )S )VP )VP )S )SBAR )VP )S )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP He )NP (VP added (SBAR that (S (NP *UNKC )NP (VP remained (PP in (NP (NP compliance )NP (PP with (NP all industry capital requirements )NP )PP )NP )PP (PP during (NP (NP (NP (NP the market 's )NP rapid plunge )NP (NP Friday )NP )NP and (NP (NP Monday 's )NP rebound )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP A CBOE spokeswoman )NP (VP declined (NP comment )NP (PP on (NP *UNKC )NP )PP )VP . )S  STOP
(S (PP Over (NP the weekend )NP )PP (NP (NP *UNKC Corp. )NP , (NP another options trading firm )NP , )NP (VP transferred (NP (NP the clearing accounts )NP (PP of (NP (QP about 160 )QP traders )NP )PP )NP (PP to (NP (NP (NP First Options )NP (PP of (NP Chicago )NP )PP )NP , (NP (NP a unit )NP (PP of (NP Continental Bank Corp. )NP )PP )NP , )NP )PP (SBAR because (S (NP it )NP (VP could n't (VP meet (NP regulatory capital requirements )NP (PP after (NP (NP Friday 's )NP market slide )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The unprecedented transfer )NP (PP of (NP accounts )NP )PP )NP (VP underscored (NP (NP the options industry 's )NP desire (S not (VP to (VP have (S (NP its credibility )NP (VP *UNKED (PP by (NP (ADJP potentially widespread )ADJP trading defaults )NP )PP (PP on (NP Monday )NP )PP )VP )S )VP )VP )S )NP )VP . )S  STOP
(S (NP (NP The CBOE )NP , (NP American Stock Exchange )NP , (NP Options Clearing Corp. )NP and (NP (NP Stephen *UNKC )NP , (NP (NP owner )NP (PP of (NP Fossett )NP )PP )NP , )NP )NP (VP joined (PP in (S (VP putting (PRT up )PRT (NP (QP $ 50 million )QP )NP (S (VP to (VP guarantee (NP (NP the accounts )NP (PP at (NP First Options )NP )PP )NP )VP )VP )S )VP )S )PP )VP . )S  STOP
(S (NP (NP The head )NP (PP of (NP another small options clearing firm )NP )PP , (SBAR (WHNP who )WHNP (S (VP asked (S not (VP to (VP be (VP identified )VP )VP )VP )S )VP )S )SBAR , )NP (VP said (SBAR that (S (NP (NP the heightened volatility )NP (PP in (NP the financial markets )NP )PP (PP in (NP recent years )NP )PP )NP (VP makes (S (NP (NP it )NP )NP (ADJP increasingly difficult )ADJP (SBAR for (S (NP (NP any )NP (PP but (NP the largest financial trading firms )NP )PP )NP (VP to (VP shoulder (NP (NP the risk )NP (ADJP inherent (PP in (NP the (ADJP highly leveraged )ADJP options and futures business )NP )PP )ADJP )NP )VP )VP )S )SBAR )S )VP )S )SBAR )VP . )S  STOP
(S (PP *UNKC to (NP (NP the introduction )NP (PP of (NP financial futures )NP )PP (PP in (NP the late 1970s )NP )PP )NP )PP , (NP (NP most trading firms )NP (VP *UNKED (PP around (NP (NP the *UNKC Street financial district )NP (ADVP here )ADVP )NP )PP )VP )NP (VP were (NP (NP family operations )NP (VP handed (ADVP down )ADVP (PP from (NP one generation )NP )PP (PP to (NP the next )NP )PP )VP )NP )VP . )S  STOP
(S (NP Most )NP (ADVP also )ADVP (VP were (ADJP relatively *UNKED )ADJP (PP compared (PP with (NP (NP the size )NP (PP of (NP most Wall Street securities firms )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP (NP Mr. Peters )NP , (NP (NP a *UNKC Street *UNK )NP (PP among (NP (NP the (ADJP *UNK- War II )ADJP generation )NP (PP of (NP commodity traders )NP )PP )NP )PP )NP , )NP (VP was (VP rumored (S (VP to (VP have (VP *UNKED (NP a *UNK- *UNK )NP (PP from (NP (NP commodity trading )NP and (NP other activities )NP )NP )PP (PP by (NP (NP the time )NP (SBAR (S (NP he )NP (VP died (PP in (NP May )NP )PP )VP )S )SBAR )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(NP (NP Part )NP (PP of (NP a Series )NP )PP -RCB- )NP  STOP
(S (NP *UNKC *UNKC )NP (VP is (NP (NP a *UNKED *UNK and *UNK )NP (PP in (NP (NP rural *UNKC County )NP , (NP N.J )NP )NP )PP )NP )VP . )S  STOP
(S But (S (VP put (NP her )NP (PP behind (NP a shopping *UNK )NP )PP )VP )S and (S (NP she )NP (VP turns (ADJP *UNK )ADJP )VP )S . )S  STOP
(S (SBAR If (S (NP Colgate *UNK )NP (VP offers (NP a *UNKING *UNKING coupon )NP )VP )S )SBAR , (NP she )NP (VP 'll (VP cross (NP *UNKC )NP (PP off (NP her shopping list )NP )PP (PP without (NP a second thought )NP )PP )VP )VP . )S  STOP
(S (ADVP Never )ADVP (VP mind (SBAR that (S (NP her husband )NP (VP *UNK (NP *UNKC )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Some weeks )NP (SBAR (WHADVP when )WHADVP (S (NP her supermarket )NP (VP runs (NP a *UNK- promotion )NP )VP )S )SBAR , (NP she )NP (VP boasts (SBAR that (S (NP she )NP (VP *UNK (NP $ 22 )NP (PP off (NP her bill )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Money )NP (VP is n't (NP (NP the only thing )NP (SBAR (WHNP that )WHNP (S (VP makes (S (NP her )NP (VP dump (NP (ADJP once favorite )ADJP brands )NP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (SBAR After (S (NP she )NP (VP heard (PP about (NP (NP the *UNKING *UNK )NP (PP of (NP (NP *UNK oils )NP (PP in (NP many *UNK )NP )PP )NP )PP )NP )PP )VP )S )SBAR , (NP she )NP (VP (VP dropped (NP *UNKC Farm )NP )VP and (VP started (S (VP buying (NP (NP brands )NP (ADJP free (PP of (NP such oils )NP )PP )ADJP )NP )VP )S )VP )VP . )S  STOP
(S `` (S (NP I )NP (ADVP always )ADVP (VP thought (SBAR (S (NP *UNKC Farm )NP (VP was (ADJP (ADJP *UNK )ADJP and (ADJP high quality )ADJP )ADJP )VP )S )SBAR )VP )S , '' (NP Mrs. *UNKC )NP (VP says )VP . )S  STOP
(S `` But (NP I )NP (VP do n't (VP want (NP (NP any )NP (PP of (NP that oil )NP )PP )NP (PP for (NP my *UNK )NP )PP )VP )VP . '' )S  STOP
(S -LRB- (S (NP *UNKC Farm )NP (VP says (SBAR (S (NP it )NP (VP ca n't (VP tell (SBAR (WHNP (WHADJP exactly how many )WHADJP customers )WHNP (S (NP it )NP (VP has (VP lost )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )S , but (S (NP it )NP (VP hopes (S (VP to (VP remove (NP the *UNK *UNK oil )NP (PP from (NP all its products )NP )PP (PP by (NP year end )NP )PP )VP )VP )S )VP )S . -RRB- )S  STOP
(S (ADVP Clearly )ADVP , (NP (NP people )NP (PP like (NP Mrs. *UNKC )NP )PP )NP (VP are (VP giving (NP marketers )NP (NP fits )NP )VP )VP . )S  STOP
(S (NP She )NP (VP represents (NP (NP a new breed )NP (PP of (NP (NP *UNK consumer )NP (SBAR (WHNP who )WHNP (S (VP puts (NP (NP bargain prices )NP , (NP (ADJP *UNK and environmental )ADJP concerns )NP , and (NP other priorities )NP )NP (ADVP ahead (PP of (NP *UNKED brand loyalty )NP )PP )ADVP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (SBAR While (S (NP brand loyalty )NP (VP is (PP far (PP from (ADJP dead )ADJP )PP )PP )VP )S )SBAR , (NP marketing experts )NP (VP say (SBAR (S (NP it )NP (VP has (VP *UNKED (PP during (NP the 1980s )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (ADVP themselves )ADVP )NP (VP are (ADVP partly )ADVP (PP to (ADJP blame )ADJP )PP )VP )S : (S (NP They )NP (VP 've (VP increased (NP (NP spending )NP (PP for (NP (NP coupons )NP and (NP other short-term promotions )NP )NP )PP )NP (PP at (NP (NP the expense )NP (PP of (NP *UNKING advertising )NP )PP )NP )PP )VP )VP )S . )S  STOP
(S (SBAR (WHNP What )WHNP (S (VP 's (NP more )NP )VP )S )SBAR , (NP (NP a *UNK )NP (PP of (NP new products )NP )PP )NP (VP has (VP given (NP consumers )NP (NP (NP a dizzying choice )NP (PP of (NP (NP brands )NP , (SBAR (WHNP (NP many )NP (WHPP of (WHNP which )WHNP )WHPP )WHNP (S (VP are (ADVP virtually )ADVP (NP (NP carbon copies )NP (PP of (NP one other )NP )PP )NP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(SINV `` (S (NP *UNKC )NP (VP have (VP brought (NP this )NP (PP on (NP themselves )NP )PP (PP with (NP (NP their heavy use )NP '' (PP of (NP promotions )NP )PP )NP )PP )VP )VP )S , (VP contends )VP (NP (NP Joe *UNKC )NP , (NP (NP an executive vice president )NP (PP at (NP the *UNKC *UNKC *UNKC & *UNKC ad agency )NP )PP )NP )NP . )SINV  STOP
(S `` (PP Without (NP some real product improvements )NP )PP , (NP (NP it )NP )NP (VP 's (VP going (S (VP to (VP be (ADJP difficult )ADJP )VP )VP )S (S (VP to (VP win (NP that loyalty )NP (ADVP back )ADVP )VP )VP )S )VP )VP . '' )S  STOP
(S (NP (NP (NP The Wall Street Journal 's )NP `` (NX American Way (PP of (NP Buying )NP )PP )NX '' survey )NP (NP this year )NP )NP (VP found (SBAR that (S (NP most consumers )NP (VP switch (NP brands )NP (PP for (NP (NP many )NP (PP of (NP (NP the products )NP (SBAR (S (NP they )NP (VP use )VP )S )SBAR )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP the survey )NP )PP , (NP Peter D. Hart Research Associates )NP (VP asked (NP (NP (QP some 2,000 )QP consumers )NP , (PP including (NP Mrs. *UNKC )NP )PP , )NP (SBAR whether (S (NP they )NP (VP (VP (ADVP usually )ADVP buy (NP (NP one brand )NP (PP of (NP (NP a certain type )NP (PP of (NP product )NP )PP )NP )PP )NP )VP or (VP have (NP no brand loyalty )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (QP More than half )QP the users )NP (PP of (NP (NP 17 )NP (PP of (NP (NP the 25 products )NP (VP included (PP in (NP the survey )NP )PP )VP )NP )PP )NP )PP )NP (VP said (SBAR (S (NP they )NP (VP 're (NP brand *UNK )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Overall )ADVP , (NP (NP 12 % )NP (PP of (NP consumers )NP )PP )NP (VP are n't (ADJP brand loyal )ADJP (PP for (NP (NP any )NP (PP of (NP the 25 product categories )NP )PP )NP )PP )VP . )S  STOP
(S (NP (QP About 47 )QP % )NP (VP are (ADJP loyal )ADJP (PP for (NP (NP (QP one to five )QP )NP (PP of (NP the products )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP (QP Only 2 )QP % )NP (VP are (ADJP brand loyal )ADJP (PP in (NP (NP (QP 16 to 20 )QP )NP (PP of (NP the categories )NP )PP )NP )PP )VP )S , and (S (NP no one )NP (VP is (ADJP loyal )ADJP (PP for (NP (NP (QP more than 20 )QP types )NP (PP of (NP products )NP )PP )NP )PP )VP )S . )S  STOP
(S (PP For (NP (NP such products )NP (PP as (NP (NP *UNKED *UNK )NP and (NP *UNK shoes )NP )NP )PP )NP )PP , (NP (NP *UNK )NP (PP to (NP a single brand )NP )PP )NP (VP was (ADJP quite low )ADJP , (PP with (S (NP (QP fewer than 30 )QP % )NP (VP saying (SBAR (S (NP they )NP (ADVP usually )ADVP (VP buy (NP the same brand )NP )VP )S )SBAR )VP )S )PP )VP . )S  STOP
(SINV (PP (ADVP Only )ADVP for (NP cigarettes , *UNK and *UNK )NP )PP did (NP (NP (QP more than 60 )QP % )NP (PP of (NP users )NP )PP )NP (VP say (SBAR (S (NP they )NP (ADVP typically )ADVP (VP stick (PP with (NP the same brand )NP )PP )VP )S )SBAR )VP . )SINV  STOP
(S (NP People )NP (VP tend (S (VP to (VP be (ADJP most loyal (PP to (NP (NP brands )NP (SBAR (WHNP that )WHNP (S (VP have (NP *UNK *UNK )NP )VP )S )SBAR , (PP such as (NP cigarettes and *UNK )NP )PP )NP )PP )ADJP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP a *UNK )NP (PP in (NP the Journal survey )NP )PP (PP from (NP (NP *UNKC )NP , (NP Wash. )NP , )NP )PP )NP )NP (VP says (SBAR (S (NP her husband )NP (VP is (ADJP *UNK )ADJP (PP about (S (VP eating (NP only (NP Hunt 's )NP *UNK )NP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP He )NP (ADVP simply )ADVP (VP ca n't (VP *UNK (NP (NP the taste )NP (PP of (NP *UNKC )NP )PP )NP )VP )VP )S , (NP she )NP (VP says )VP . )S  STOP
(S (NP The *UNK- *UNK )NP (VP adds , `` (S (NP (NP The only other thing )NP (SBAR (S (NP I )NP (VP 'm (ADJP really loyal (PP to )PP )ADJP )VP )S )SBAR )NP (VP is (NP my Virginia *UNKC cigarettes )NP )VP )S )VP . )S  STOP
(S (S (NP Coke and *UNKC )NP (VP are all (NP the same )NP (PP to (NP me )NP )PP )VP )S , and (S (NP I )NP (ADVP usually )ADVP (VP buy (SBAR (WHNP (WHNP *UNK brand )WHNP (PP of (NP coffee )NP )PP )WHNP (S (VP happens (S (VP to (VP be (PP on (NP sale )NP )PP )VP )VP )S )VP )S )SBAR )VP )S . '' )S  STOP
(S (NP *UNKC *UNK )NP (VP plays (NP a significant role )NP (PP in (NP (NP loyalty )NP (PP to (NP (NP such products )NP (PP as (NP cigarettes , *UNK and beer )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP People )NP (ADVP often )ADVP (VP stay (PP with (NP a particular brand )NP )PP (SBAR because (S (NP they )NP (VP want (S (VP to (VP be (VP associated (PP with (NP (NP the image )NP (SBAR (S (NP its advertising )NP (VP *UNK )VP )S )SBAR )NP )PP , (SBAR whether (S (NP that )NP (VP 's (NP (NP *UNK *UNKC cigarettes )NP or (NP (NP *UNKC 's )NP *UNKED *UNK )NP )NP )VP )S )SBAR )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP *UNK (ADVP most )ADVP (PP for (NP (NP *UNK products )NP (PP like (NP (NP trash bags )NP and (NP *UNK )NP )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP (NP (QP Only 23 )QP % )NP (PP of (NP (NP *UNK- users )NP (PP in (NP the Journal survey )NP )PP )NP )PP )NP (ADVP usually )ADVP (VP buy (NP the same brand )NP )VP )S , and (S (NP (NP (QP just 29 )QP % )NP (PP of (NP battery buyers )NP )PP )NP (VP stick (PP to (NP one brand )NP )PP )VP )S . )S  STOP
(S (S (NP *UNKC )NP (VP *UNKED (NP a *UNKING 36 % )NP (PP in (NP brand loyalty )NP )PP )VP )S , but (S (NP consumer researchers )NP (VP say (SBAR (S (NP that )NP (VP 's (ADVP actually )ADVP (ADJP quite high )ADJP (PP for (NP such a *UNK product )NP )PP )VP )S )SBAR )VP )S . )S  STOP
(SINV `` (S (PP In (NP the past )NP )PP , (NP you )NP (VP (VP (ADVP just )ADVP wore (NP (NP *UNKC )NP (PP of (NP the *UNKC )NP )PP )NP )VP and (VP did n't (VP care )VP )VP )VP )S , '' (VP says )VP (NP (NP Peter *UNKC )NP , (NP (NP U.S. director )NP (PP of (NP consumer behavior research )NP )PP (PP for (NP the J. Walter Thompson ad agency )NP )PP )NP )NP . )SINV  STOP
(S `` (NP The high score )NP (VP reflects (NP the attempts (S (VP to (VP make (S (NP *UNK )NP (NP (NP more )NP (PP of (NP a fashion image business )NP )PP )NP (PP for (NP both men and women )NP )PP )S )VP )VP )S )NP )VP . '' )S  STOP
(S (NP He )NP (VP believes (SBAR (S (NP there )NP (VP 's (NP opportunity (SBAR for (S (NP a smart gasoline marketer )NP (VP to (VP create (NP (NP a strong brand image )NP and (NP more consumer loyalty )NP )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP What loyalty )NP (SBAR (S (NP there )NP (VP is )VP )S )SBAR (PP to (NP gas brands )NP )PP )NP (PRN , (S (NP he )NP (VP believes )VP )S , )PRN (VP is (NP (NP a matter )NP (PP of (S (VP *UNKING (PP at (NP the (ADJP (ADVP most *UNKLY )ADVP located )ADJP service stations )NP )PP )VP )S )PP )NP )VP . )S  STOP
(S (NP *UNKC loyalty )NP (VP was (ADJP stronger )ADJP (PP among (NP older consumers )NP )PP (PP in (NP the Journal survey )NP )PP )VP . )S  STOP
(S (S (NP (NP Nearly *UNK- )NP (PP of (NP (NP participants )NP (UCP (NP age 60 )NP and (ADJP older )ADJP )UCP )NP )PP )NP (VP claim (NP brand loyalty )NP (PP for (NP (NP (QP more than 10 )QP )NP (PP of (NP (NP the 25 products )NP (PP in (NP the survey )NP )PP )NP )PP )NP )PP )VP )S ; (S (NP (NP (QP only 9 )QP % )NP (PP of (NP (NP those )NP (NP (NP age )NP (QP 18 to 29 )QP )NP )NP )PP )NP (VP have (NP such strong *UNK )NP )VP )S . )S  STOP
(S (S (NP *UNKC people )NP (ADVP also )ADVP (VP tend (S (VP to (VP be (NP more brand loyal )NP (NP these days )NP )VP )VP )S )VP )S , (NP (NP the Journal survey )NP and (NP other research studies )NP )NP (VP indicate )VP . )S  STOP
(S (NP *UNKC )NP (VP speculate (SBAR that (S (NP (ADJP more affluent )ADJP people )NP (VP (VP tend (S (VP to (VP lead (NP (ADJP more pressured )ADJP lives )NP )VP )VP )S )VP and (VP do n't (VP have (NP (NP time )NP (SBAR (S (VP to (VP research (NP (NP the products )NP (SBAR (S (NP they )NP (VP buy )VP )S )SBAR )NP (PP for (NP the (NX (NX highest quality )NX and (NX (ADJP most reasonable )ADJP price )NX )NX )NP )PP )VP )VP )S )SBAR )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP An established brand name )NP (VP is (NP insurance (SBAR that (S (ADVP at least )ADVP (NP the product )NP (VP will (VP be (UCP (PP of (NP acceptable quality )NP )PP , (CONJP if not )CONJP (NP (NP always the best value )NP (PP for (NP the money )NP )PP )NP )UCP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP It )NP (VP 's (ADVP sort of )ADVP (NP (NP loyalty )NP (PP by (NP default )NP )PP )NP )VP . )S  STOP
(S (S (ADVP Meanwhile )ADVP , `` (NP (NP the bottom end )NP (PP of (NP the market )NP )PP )NP (VP is (VP becoming (ADJP less loyal )ADJP )VP )VP )S , '' (VP says )VP (NP (NP Laurel *UNKC )NP , (NP (NP vice chairman )NP (PP of (NP (NP the ad agency )NP (NP *UNKC Katz Partners )NP )NP )PP )NP )NP . )S  STOP
(S `` (NP They )NP (VP 're (VP buying (SBAR (WHNP whatever )WHNP (S (VP 's (ADJP cheaper )ADJP )VP )S )SBAR )VP )VP . '' )S  STOP
(NP (NP (NP The biggest wild card )NP (PP in (NP the brand loyalty game )NP )PP )NP : (SBAR (WHADVP How )WHADVP (S (NP those (ADJP (ADJP *UNKLY pursued )ADJP but (ADJP highly *UNK )ADJP )ADJP baby boomers )NP (VP will (VP *UNK (SBAR as (S (NP they )NP (VP move (PP into (NP middle age )NP )PP )VP )S )SBAR )VP )VP )S )SBAR . )NP  STOP
(S (NP They )NP (VP (VP grew (ADVP up )ADVP (PP with (NP (NP more brand choices )NP (PP than (NP any generation )NP )PP )NP )PP )VP and (VP have (VP shown (NP less *UNK )NP (ADVP so far )ADVP )VP )VP )VP . )S  STOP
(SQ But (SBAR now that (S (NP they )NP (VP 're (VP (VP settling (ADVP down )ADVP )VP and (VP raising (NP families )NP )VP )VP )VP )S )SBAR , might (NP they )NP (ADVP also )ADVP (VP show (NP more stability )NP (PP in (NP their brand choices )NP )PP )VP ? )SQ  STOP
(S (NP (NP Mr. *UNKC )NP (PP of (NP J. Walter Thompson )NP )PP )NP (VP does n't (VP think (ADVP so )ADVP )VP )VP . )S  STOP
(S (NP He )NP (VP believes (SBAR (S (NP baby boomers )NP (VP will (VP continue (S (VP to (VP be (ADJP *UNK )ADJP (PP in (NP their brand *UNK )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP Earlier generations )NP (VP were (ADJP brand loyal )ADJP (PP across (NP categories )NP )PP )VP )S (PRN , '' (S (NP he )NP (VP says )VP )S , )PRN `` but (S (NP boomers )NP (VP tend (S (VP to (VP (VP be (ADJP brand loyal )ADJP (PP in (NP (NP categories )NP (PP like (NP (NP running shoes )NP and (NP *UNKED water )NP )NP )PP )NP )PP )VP , but (VP (ADJP less so )ADJP (PP in (NP (NP others )NP (PP like (NP (NP *UNK paper )NP and (NP appliances )NP )NP )PP )NP )PP )VP )VP )VP )S )VP )S . '' )S  STOP
(S (SBAR While (S not (ADJP (ADJP as brand loyal )ADJP (PP as (PP in (NP the past )NP )PP )PP )ADJP )S )SBAR , (NP (NP consumers )NP (ADVP today )ADVP )NP (VP do n't (VP buy (NP products )NP (ADVP *UNKLY )ADVP , (ADVP either )ADVP )VP )VP . )S  STOP
(S (ADVP Rather )ADVP , (NP they )NP (VP tend (S (VP to (VP have (NP (NP a set )NP (PP of (NP (QP two or three )QP *UNK )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (S (ADVP Sometimes )ADVP , (NP they )NP (VP 'll (VP choose (NP *UNKC *UNK *UNK )NP )VP )VP )S ; (S (NP other times )NP , (NP it )NP (VP will (VP be (NP *UNKC )NP )VP )VP )S . )S  STOP
(S (NP Advertisers )NP (VP *UNK (NP this shared loyalty )NP (PP to (NP (NP the striking *UNK )NP (PP among (NP brands )NP )PP )NP )PP )VP . )S  STOP
(S (SBAR If (S (NP a (ADJP more *UNK )ADJP *UNKC )NP (VP hits (NP the market )NP )VP )S )SBAR , (NP you )NP (VP can (VP be (ADJP sure (SBAR (S (NP a (ADJP new and improved )ADJP *UNKC )NP (VP wo n't (VP be (ADVP far behind )ADVP )VP )VP )S )SBAR )ADJP )VP )VP . )S  STOP
(S (NP The *UNKC Worldwide ad agency )NP (VP (VP studied `` (NP brand parity )NP '' )VP and (VP found (SBAR that (S (NP consumers )NP (VP believe (SBAR (S (NP all brands )NP (VP are (NP about the same )NP (PP in (NP (NP (NP a number )NP (PP of (NP categories )NP )PP )NP , (ADVP particularly )ADVP (NP (NP credit cards )NP , (NP paper *UNK )NP , (NP dry *UNK )NP and (NP *UNK chips )NP )NP )NP )PP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S `` (S (SBAR (WHADVP When )WHADVP (S (NP there )NP (VP 's (NP (NP a clutter )NP (PP of (NP brands )NP )PP )NP )VP )S )SBAR , (NP consumers )NP (VP *UNK (NP the *UNK )NP (PP by (S (VP telling (NP themselves )NP , ` (S (S (NP All brands )NP (VP are (NP the same )NP )VP )S so (SBARQ (WHNP what difference )WHNP (SQ does (NP (NP it )NP )NP (VP make (SBAR (WHNP which )WHNP (S (NP I )NP (VP buy )VP )S )SBAR )VP )SQ )SBARQ )S )VP )S )PP )VP )S , ' '' (VP says )VP (NP (NP Karen *UNKC )NP , (NP (NP a senior vice president )NP (PP at (NP *UNKC )NP )PP )NP )NP . )S  STOP
(S `` (ADVP *UNKC often )ADVP , (NP advertising *UNK )NP (VP has n't (VP done (NP (NP a good job )NP (PP of (S (VP *UNKING (NP (NP a special emotional bond )NP (PP between (NP (NP a brand )NP and (NP the consumer )NP )NP )PP )NP )VP )S )PP )NP )VP )VP . '' )S  STOP
(S But (PP given (NP such strong brand *UNK )NP )PP , (NP some marketers )NP (VP are (VP putting (NP renewed emphasis )NP (PP on (NP image advertising )NP )PP )VP )VP . )S  STOP
(S (NP (NP A (ADJP small but growing )ADJP number )NP (PP of (NP companies )NP )PP )NP (VP are (ADVP also )ADVP (S (VP trying (S (VP to (VP *UNK (NP (ADJP more *UNK )ADJP brand loyalty )NP (PP through (NP (NP such *UNKED *UNKING *UNK )NP (PP as (NP (NP (NP *UNK )NP , (NP magazines )NP and (NP membership *UNK )NP )NP (PP for (NP brand users )NP )PP )NP )PP )NP )PP )VP )VP )S )VP )S )VP . )S  STOP
(S (SBAR While (S (NP discount promotions )NP (VP are (ADJP essential )ADJP (PP for (NP most brands )NP )PP )VP )S )SBAR , (NP some companies )NP (VP concede (SBAR (S (NP they )NP (VP went (ADVP *UNK )ADVP (PP in (S (VP shifting (NP money )NP (PP from (NP advertising )NP )PP (PP to (NP (NP coupons )NP , (NP refunds )NP and (NP other sales incentives )NP )NP )PP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Some people )NP (VP argue (SBAR that (S (NP strong brands )NP (VP can (VP afford (S (VP to (VP stop (S (VP advertising )VP )S (PP for (NP a time )NP )PP )VP )VP )S (PP because of (NP (NP the *UNK impact )NP (PP of (NP (NP (NP hundreds )NP (PP of (NP (NP millions )NP (PP of (NP dollars )NP )PP )NP )PP )NP (VP spent (PP on (NP advertising )NP )PP (PP through (NP the years )NP )PP )VP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP most companies )NP (VP are (ADJP too afraid (S (VP to (VP take (NP that chance )NP )VP )VP )S )ADJP )VP . )S  STOP
(FRAG And (ADVP perhaps )ADVP (PP with (NP good reason )NP )PP . )FRAG  STOP
(SINV (VP Says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP president )NP (PP of (NP (NP the *UNKC *UNKC ad agency 's )NP U.S. division )NP )PP )NP )NP , `` (S (NP (NP Every time )NP (SBAR (S (NP 24 hours )NP (VP pass (PP without (NP any advertising *UNK )NP )PP )VP )S )SBAR )NP , (NP brand loyalty )NP (VP will (VP *UNK (ADVP ever so slightly )ADVP -- (PP (ADVP even )ADVP for (NP (NP a powerful brand )NP (PP like (NP *UNKC )NP )PP )NP )PP )VP )VP )S . '' )SINV  STOP
(S (VP Consider , (PP for (NP example )NP )PP , (SBAR (WHNP what )WHNP (S (VP happened (PP to (NP Maxwell House coffee )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The Kraft General Foods brand )NP (VP (VP stopped (S (VP advertising )VP )S (PP for (NP (QP about a )QP year )NP )PP (PP in (NP 1987 )NP )PP )VP and (VP gave (PRT up )PRT (NP (NP several market share points )NP and (NP (NP its leadership position )NP (PP in (NP the coffee business )NP )PP )NP )NP )VP )VP . )S  STOP
(S But (PP since (S (VP returning (PP to (NP advertising )NP )PP )VP )S )PP , (NP Maxwell House )NP (VP (VP has (VP regained (NP the lost share )NP )VP )VP and (VP is (VP running (ADVP neck and neck )ADVP (PP with (NP archrival *UNKC )NP )PP )VP )VP )VP . )S  STOP
(SINV `` (S (ADVP Now )ADVP , (NP (NP Philip Morris )NP (PRN -LCB- (NP (NP Kraft General Foods ' )NP parent company )NP -RCB- )PRN )NP (VP is (ADJP committed (PP (PP to (NP the coffee business )NP )PP and (PP to (NP (NP increased advertising )NP (PP for (NP Maxwell House )NP )PP )NP )PP )PP )ADJP )VP )S , '' (VP says )VP (NP (NP Dick *UNKC )NP , (NP (NP president )NP (PP of (NP the General Foods USA division )NP )PP )NP )NP . )SINV  STOP
(S `` (SBAR Even though (S (NP brand loyalty )NP (VP is (ADJP rather strong )ADJP (PP for (NP coffee )NP )PP )VP )S )SBAR , (NP we )NP (VP need (NP advertising )NP (S (VP to (VP maintain and strengthen (NP it )NP )VP )VP )S )VP . '' )S  STOP
(S (NP *UNKC *UNKC Co. )NP , (PP for (NP one )NP )PP , (VP has (VP concluded (SBAR that (S (NP (NP it )NP )NP (VP makes (NP good sense )NP (S (VP to (VP focus (ADVP (ADVP more (PP on (NP its (ADJP most loyal )ADJP customers )NP )PP )ADVP (PP than (PP on (NP (NP people )NP (SBAR (WHNP who )WHNP (S (VP buy (NP competitive brands )NP )VP )S )SBAR )NP )PP )PP )ADVP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(SINV `` (S (NP (NP The *UNK )NP (PP of (S (VP converting (NP a *UNK- )NP (PP to (NP your brand )NP )PP )VP )S )PP )NP (VP is (NP (NP about three )NP (PP in (NP 1,000 )NP )PP )NP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP (NP the company 's )NP vice president )NP (PP for (NP marketing research )NP )PP )NP )NP . )SINV  STOP
(S `` (NP The best odds )NP (VP are (PP with (NP your core franchise )NP )PP )VP . )S  STOP
(S (S (NP Our heavy users )NP (VP consume (NP (NP (QP two to three )QP cans )NP (PP of (NP *UNK )NP )PP (NP a week )NP )NP )VP )S , and (S (NP we )NP (VP 'd (VP like (S (VP to (VP increase (NP that )NP )VP )VP )S )VP )VP )S . '' )S  STOP
(S So (NP *UNKC )NP (VP is (VP talking (PP to (NP its `` brand *UNK )NP )PP , '' (S (VP *UNKING (NP (NP their psychological *UNK )NP (PP to (NP its *UNK )NP )PP )NP )VP )S )VP )VP . )S  STOP
(S (PP In (NP one consumer focus group )NP )PP , (NP a fan )NP (VP declared (SBAR that , `` (S (NP (NP Campbell 's )NP *UNK )NP (VP is (PP like (S (VP getting (NP a *UNK )NP (PP from (NP a friend )NP )PP )VP )S )PP )VP )S )SBAR )VP . '' )S  STOP
(S (NP That )NP (VP helped (VP persuade (NP the company )NP (S (VP to (VP introduce (NP (NP a new advertising *UNK )NP : `` (NP (NP A warm *UNK )NP (PP from (NP Campbell 's )NP )PP )NP )NP )VP )VP )S )VP )VP . '' )S  STOP
(S (NP Insurers )NP (VP face (NP (NP the prospect )NP (PP of (S (VP paying (PRT out )PRT (NP (NP billions )NP (PP of (NP dollars )NP )PP )NP (PP for (NP (NP damages )NP (VP caused (PP by (NP (NP this week 's )NP California earthquake )NP )PP )VP )NP )PP )VP )S )PP )NP )VP . )S  STOP
(S (S (VP *UNKING (NP a grip )NP (PP on (NP (NP the extent )NP (PP of (NP the damages )NP )PP )NP )PP )VP )S (VP is (VP proving (NP (NP a (ADJP (ADVP far more )ADVP difficult )ADJP task )NP (PP than (SBAR (WHNP what )WHNP (S (NP insurers )NP (VP faced (SBAR after (S (NP Hurricane Hugo )NP (VP *UNKED (PP through (NP (NP the Caribbean )NP and (NP the *UNKC )NP )NP )PP (NP last month )NP )VP )S )SBAR )VP )S )SBAR )PP )NP )VP )VP . )S  STOP
(SINV (S (NP (NP (NP The earthquake 's )NP toll )NP , (PP including (NP possible deep structural damage )NP )PP , )NP (VP goes (PP (ADVP far )ADVP beyond (NP (NP the (ADJP (ADVP more easily )ADVP observed )ADJP damage )NP (PP from (NP a hurricane )NP )PP )NP )PP )VP )S , (VP says )VP (NP (NP George *UNKC )NP , (NP (NP a vice president )NP (PP in (NP (NP Aetna Life & Casualty Insurance Co. 's )NP claims division )NP )PP )NP )NP . )SINV  STOP
(S But (NP investors )NP (VP are (VP betting (SBAR that (S (NP (NP the (ADJP financial and psychological )ADJP impact )NP (PP of (NP the earthquake )NP )PP )NP , (S (VP coming (PP (ADVP so soon )ADVP after (NP the hurricane )NP )PP )VP )S , (VP will (VP help (S (VP stem (NP (NP (QP more than two )QP years )NP (PP of (NP (NP intense *UNKING wars )NP (PP among (NP business insurers )NP )PP )NP )PP )NP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (VP *UNKING (NP that logic )NP )VP )S , (NP *UNK- stocks )NP (VP posted (NP strong gains )NP )VP . )S  STOP
(S (NP (NP Aetna )NP and (NP other insurers )NP )NP (VP are (VP hiring (NP (NP engineers and architects )NP (SBAR (S (VP to (VP help (S (NP them )NP (VP assess (NP structural damage )NP )VP )S )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP Most insurers )NP (ADVP already )ADVP (VP have (VP *UNKED (NP their `` catastrophe '' teams )NP (S (VP to (VP begin (S (VP processing (NP (NP claims )NP (PP from (NP (NP their *UNK )NP (PP in (NP northern California )NP )PP )NP )PP )NP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (SBAR Since (S (NP commercial air travel )NP (VP is (VP *UNKED )VP )VP )S )SBAR , (NP (NP Aetna )NP , (VP based (PP in (NP (NP Hartford )NP , (NP Conn. )NP , )NP )PP )VP )NP (VP (VP chartered (NP (NP three planes )NP (SBAR (S (VP to (VP fly (NP claims adjusters )NP (PP into (NP Sacramento )NP )PP )VP )VP )S )SBAR )NP )VP and then (VP planned (SBAR for (S (NP them )NP (VP to (S (VP drive (PP to (NP the Bay area )NP )PP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP (QP About 25 )QP adjusters )NP )NP (VP were (VP dispatched (NP yesterday afternoon )NP , (PP along (PP with (NP (NP laptop computers )NP , (NP cellular phones )NP and (NP blank checks )NP )NP )PP )PP )VP )VP . )S  STOP
(S (NP (NP Some adjusters )NP , (PP (ADVP already )ADVP in (NP (NP other parts )NP (PP of (NP California )NP )PP )NP )PP , )NP (VP drove (PP to (NP the disaster area )NP )PP (PP with (NP (NP (NP recreational vehicles )NP and (NP *UNK homes )NP )NP (SBAR (WHNP that )WHNP (S (VP could (VP be (VP used (PP as (NP *UNK *UNKING centers )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Insurers )NP (VP will (VP be (VP advertising (NP (NP 800 numbers )NP (PRN -- (PP (ADVP probably )ADVP on (NP the radio )NP )PP -- )PRN (SBAR (WHNP that )WHNP (S (NP policyholders )NP (VP can (VP call (S (VP to (VP get (NP (NP assistance )NP (PP on (SBAR (WHADVP how )WHADVP (S (VP to (VP submit (NP claims )NP )VP )VP )S )SBAR )PP )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP )VP . )S  STOP
(S (NP (NP State Farm Mutual *UNKC Insurance Co. )NP , (NP (NP the largest home and auto insurer )NP (PP in (NP California )NP )PP )NP , )NP (VP believes (SBAR (S (NP (NP the losses )NP (PP from (NP the earthquake )NP )PP )NP (VP could (VP be (ADJP (ADJP somewhat less )ADJP (PP than (NP (NP the (QP $ 475 million )QP )NP (PP in (NP damages )NP )PP (SBAR (S (NP it )NP (VP expects (S (VP to (VP pay (PRT out )PRT (PP for (NP (NP claims )NP (VP resulting (PP from (NP Hurricane Hugo )NP )PP )VP )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP State Farm )NP , (VP based (PP in (NP (NP *UNKC )NP , (NP Ind. )NP )NP )PP )VP , )NP (VP is (ADVP also )ADVP (NP (NP the largest writer )NP (PP of (NP *UNK- earthquake insurance )NP )PP (PP in (NP California )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC insurance )NP (VP is (VP sold (PP as (NP (NP a separate policy )NP or (NP (NP a specific endorsement `` *UNK '' )NP (PP on (NP (NP a *UNK 's )NP policy )NP )PP )NP )NP )PP (PP in (NP California )NP )PP , (PP because of (NP (NP (NP the area 's )NP *UNK )NP (PP to (NP earthquakes )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP State Farm )NP (VP said (SBAR (S (NP (NP (QP about 25 )QP % )NP (PP of (NP (NP its policyholders )NP (PP in (NP California )NP )PP )NP )PP )NP (VP have (ADVP also )ADVP (VP purchased (NP earthquake insurance )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC Insurance Co. )NP , (NP (NP a unit )NP (PP of (NP Sears , Roebuck & Co. )NP )PP )NP , )NP (VP said (SBAR (S (NP (NP (NP (QP about 23 )QP % )NP (PP of (NP its personal property policyholders )NP )PP )NP (PRN -- (NP (NP (QP about 28 )QP % )NP (PP in (NP the San *UNKC area )NP )PP )NP -- )PRN )NP (ADVP also )ADVP (VP have (NP earthquake coverage )NP )VP )S )SBAR )VP . )S  STOP
(S (S (S (NP (NP The Association )NP (PP of (NP California Insurance Companies )NP )PP )NP (VP estimated (SBAR (S (NP (NP damage )NP (PP to (NP residential property )NP )PP )NP (VP could (VP total (NP (QP $ 500 million )QP )NP )VP )VP )S )SBAR )VP )S , but (S (NP (NP (QP only $ 100 million to $ 150 million )QP )NP )NP (VP is (VP insured )VP )VP )S )S , (NP it )NP (VP said )VP . )S  STOP
(S (NP (NP Officials )NP (PP from (NP (NP (NP the American Insurance Association 's )NP *UNK- service division )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP (NP the efforts )NP (PP of (NP the claims adjusters )NP )PP )NP (PP in (NP an area )NP )PP (PP after (NP a natural disaster )NP )PP )VP )S )SBAR , )NP )PP )NP (VP will (VP be (VP flying (PP to (NP San Francisco )NP )PP (NP today )NP )VP )VP )VP . )S  STOP
(S (NP They )NP (VP expect (S (VP to (VP have (NP (NP a preliminary estimate )NP (PP of (NP the damages )NP )PP )NP (PP in (NP a day (QP or two )QP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC and bridges )NP (PP in (NP the Bay area )NP )PP )NP (VP appear (S (VP to (VP have (VP suffered (NP (NP some )NP (PP of (NP the (ADJP most costly )ADJP damage )NP )PP )NP )VP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC )NP , (PP such as (NP (NP the section )NP (PP of (NP Interstate 880 )NP )PP (SBAR (WHNP that )WHNP (S (VP collapsed )VP )S )SBAR (PP in (NP Oakland )NP )PP )NP )PP , )NP (ADVP generally )ADVP (VP do n't (VP have (NP insurance coverage )NP )VP )VP . )S  STOP
(S (NP Industry officials )NP (VP say (SBAR (S (S (NP (NP the Bay Bridge )NP (PRN -- (PP unlike (NP some bridges )NP )PP -- )PRN )NP (VP has (NP no earthquake coverage )NP , (ADVP either )ADVP )VP )S , so (S (NP (NP the cost )NP (PP of (S (VP *UNKING (NP it )NP )VP )S )PP )NP (ADVP probably )ADVP (VP would (VP have (S (VP to (VP be (VP paid (PP out (PP of (NP state general operating funds )NP )PP )PP )VP )VP )VP )S )VP )VP )S )S )SBAR )VP . )S  STOP
(S (ADVP However )ADVP , (NP (NP the bridge )NP , (SBAR (WHNP which )WHNP (S (VP charges (NP (NP a (ADJP $ 1 )ADJP toll )NP (NP each way )NP )NP )VP )S )SBAR , )NP (VP does (VP have (NP (NP `` (NAC loss (PP of (NP income )NP )PP )NAC '' insurance )NP (SBAR (S (VP to (VP replace (NP lost revenue )NP (SBAR if (S (NP (NP the operation )NP (PP of (NP the bridge )NP )PP )NP (VP is (ADJP *UNKED )ADJP (PP for (NP (QP more than seven )QP days )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP That coverage )NP (VP is (VP provided (PP by (NP (NP a syndicate )NP (PP of (NP insurance companies )NP )PP (PP including (NP (NP (NP (NP Fireman 's )NP Fund Corp. )NP , (VP based (PP in (NP (NP *UNKC )NP , (NP Calif. )NP , )NP )PP )VP )NP and (NP (NP *UNKC Corp. )NP , (VP based (PP in (NP Philadelphia )NP )PP )VP )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKED claims )NP (VP are n't (VP expected (S (VP to (VP cause (NP significant financial problems )NP (PP for (NP (NP the insurance industry )NP (PP as (NP a whole )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP Instead )ADVP , (PP (ADVP even )ADVP with (NP (NP the liabilities )NP (PP of (NP (NP two natural disasters )NP (PP in (NP recent weeks )NP )PP )NP )PP )NP )PP , (NP analysts )NP (VP said (SBAR (S (NP (NP the total capital )NP (PP of (NP the industry )NP )PP )NP (VP is (ADJP likely (S (VP to (VP be (ADJP (ADJP higher )ADJP )ADJP (PP at (NP year end )NP )PP (SBAR than (S (NP it )NP (VP was (PP at (NP *UNK )NP )PP )VP )S )SBAR )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Indeed )ADVP , (NP the earthquake )NP (VP could (VP contribute (PP to (NP (NP a turnaround )NP (PP in (NP the insurance cycle )NP )PP )NP )PP (PP in (NP (NP a couple )NP (PP of (NP ways )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP For (NP example )NP )PP , (NP insurers )NP (VP may (VP seek (S (VP to (VP limit (NP (NP their future exposure )NP (PP to (NP *UNK )NP )PP )NP (PP by (S (VP increasing (NP (NP the amount )NP (PP of (NP reinsurance )NP )PP (SBAR (S (NP they )NP (VP buy )VP )S )SBAR )NP )VP )S )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Such increased demand )NP (PP for (NP reinsurance )NP )PP )NP , (PP along (PP with (NP (NP the losses )NP (SBAR (S (NP the *UNK )NP (VP will (VP bear )VP )VP )S )SBAR (PP from (NP these two disasters )NP )PP )NP )PP )PP , (VP are (ADJP likely (S (VP to (VP spur (NP (NP increases )NP (PP in (NP reinsurance prices )NP )PP (SBAR (WHNP that )WHNP (S (VP will (ADVP later )ADVP (VP be (VP translated (PP into (NP an overall price rise )NP )PP )VP )VP )VP )S )SBAR )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (NP (NP protection )NP (VP taken (ADVP out )ADVP (PP by (NP (NP the insurance firms )NP (ADVP themselves )ADVP )NP )PP )VP )NP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP are (VP saying (SBAR (S (S (NP this )NP (VP is (NP the breaking point )NP )VP )S , (S (NP this )NP (VP is (NP (NP the event )NP (SBAR (WHNP that )WHNP (S (VP will (VP change (NP (NP the psychology )NP (PP of (NP the marketplace )NP )PP )NP )VP )VP )S )SBAR )NP )VP )S )S )SBAR )VP )VP )S , '' (VP said )VP (NP (NP William *UNKC )NP , (NP (NP an analyst )NP (PP with (NP (NP *UNKING & Co. )NP , (NP (NP a Hartford firm )NP (SBAR (WHNP that )WHNP (S (VP specializes (PP in (NP the insurance industry )NP )PP )VP )S )SBAR )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP His firm )NP , (PP along (PP with (NP some others )NP )PP )PP , (VP issued (NP (NP new buy recommendations )NP (PP on (NP insurer stocks )NP )PP )NP (NP yesterday )NP )VP . )S  STOP
(S (PP Among (NP the insurance stocks )NP )PP , (NP big gainers )NP (VP included (NP (NP (NP American International Group )NP , (ADVP up (NP $ *UNKN )NP (PP to (NP $ *UNKN )NP )PP )ADVP )NP ; (NP (NP General *UNK Corp. )NP , (ADVP up (NP $ 2.75 )NP (PP to (NP $ *UNKN )NP )PP )ADVP )NP ; (NP (NP Aetna )NP , (ADVP up (NP $ *UNKN )NP (PP to (NP $ *UNKN )NP )PP )ADVP )NP ; and (NP (NP Marsh & McLennan Inc. )NP , (ADVP up (NP $ *UNKN )NP (PP to (NP $ *UNKN )NP )PP )ADVP )NP )NP )VP . )S  STOP
(S (ADVP Still )ADVP , (NP (NP a few individual companies )NP , (ADVP most likely )ADVP (NP smaller ones )NP , )NP (VP could (VP be (VP *UNKED )VP )VP )VP . )S  STOP
(S `` (S (NP I )NP (VP think (SBAR (S (NP there )NP (VP is (NP a (ADJP *UNKED good )ADJP chance (SBAR (S (NP someone )NP (VP is (VP going (S (VP to (VP hit (NP the *UNK )NP (PP on (NP this )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )S , '' (VP said )VP (NP Oppenheimer & Co. analyst *UNKC *UNKC )NP . )S  STOP
(S (NP He )NP (VP suspects (SBAR (S (NP (NP some insurers )NP (SBAR (WHNP who )WHNP (S (VP had (VP purchased (NP reinsurance )NP (S (VP to (VP limit (NP (NP their exposure )NP (PP to (NP catastrophes )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )NP (VP will (VP discover (SBAR (S (NP that reinsurance )NP (VP was (VP used (PRT up )PRT (PP by (NP Hurricane Hugo )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (ADJP (ADJP British )ADJP , (ADJP West German )ADJP , (ADJP *UNKC )ADJP and (ADJP other )ADJP )ADJP overseas insurers )NP (VP are (VP bracing (PP for (NP (NP big claims )NP (PP from (NP the San Francisco earthquake disaster )NP )PP )NP )PP )VP )VP . )S  STOP
(S (SBAR Although (S (NP (NP it )NP )NP (VP 's (ADJP unclear )ADJP (SBAR (WHNP (WHADVP how much )WHADVP exposure )WHNP (S (NP the London market )NP (VP will (VP face )VP )VP )S )SBAR )VP )S )SBAR , (NP U.K. underwriters )NP (ADVP traditionally )ADVP (VP have (NP (NP a large reinsurance exposure )NP (PP to (NP U.S. catastrophe coverage )NP )PP )NP )VP . )S  STOP
(S (NP (NP Jack *UNKC )NP , (NP (NP chairman )NP (PP of (NP (NP Fireman 's )NP Fund )NP )PP )NP , )NP (VP said (SBAR (S (NP this disaster )NP (VP will (VP test (NP the catastrophe reinsurance market )NP , (S (VP causing (S (NP these rates )NP (VP to (VP soar )VP )VP )S )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The catastrophe losses )NP (VP sustained (PP by (NP insurers )NP )PP (NP this year )NP )VP )NP (VP will (ADVP probably )ADVP (VP be (NP the worst )NP (PP on (NP an inflation-adjusted basis )NP )PP (PP since (NP (NP 1906 )NP -- (SBAR (WHADVP when )WHADVP (S (NP another earthquake )NP (VP sparked (NP the Great San Francisco *UNKC )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP an insurance consultant )NP (PP in (NP New York )NP )PP )NP , )NP (VP estimates (SBAR that (S (NP the 1906 San Francisco destruction )NP , (PP on (NP an inflation-adjusted basis )NP )PP , (VP included (NP (NP insured losses )NP (PP of (NP (QP $ 5.8 billion )QP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP is (VP *UNKING (SBAR (S (NP (NP this week 's )NP disaster )NP (VP will (VP generate (NP (NP insured losses )NP (PP of (NP (NP (QP $ 2 billion )QP )NP to (NP (QP $ 4 billion )QP )NP )NP )PP )NP , (PP following (NP (NP (QP about $ 4 billion )QP )NP (PP in (NP (NP costs )NP (PP to (NP insurers )NP )PP )NP )PP (PP from (NP Hurricane Hugo )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Silicon Graphics Inc. 's )NP first-quarter profit )NP (VP rose (ADVP sharply )ADVP (PP to (NP (NP (QP $ 5.2 million )QP )NP , or (NP (NP 28 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ 1 million )QP )NP , or (NP (NP six cents )NP (NP a share )NP )NP )NP , (ADVP (NP a year )NP ago )ADVP )PP )VP . )S  STOP
(S (NP (NP The maker )NP (PP of (NP computer workstations )NP )PP )NP (VP said (SBAR (S (NP (NP a surge )NP (PP of (NP government orders )NP )PP )NP (VP contributed (PP to (NP the increase )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP 95 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP (NP (NP the year )NP (ADJP earlier )ADJP )NP )PP )VP . )S  STOP
(S (PP In (NP national over-the-counter trading )NP )PP , (NP the company )NP (VP closed (NP yesterday )NP (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP , (ADVP down (NP 25 cents )NP )ADVP )VP . )S  STOP
(S (NP Hunter Environmental Services Inc. )NP (VP said (SBAR (S (NP it )NP (VP reached (NP a preliminary accord )NP (PP on (NP (NP the sale )NP (PP of (NP its environmental consulting and services business )NP )PP (PP for (NP (NP (QP about $ 40 million )QP )NP and (NP (NP assumption )NP (PP of (NP related debt )NP )PP )NP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The buyer )NP (VP was n't (VP identified )VP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP it )NP (ADVP also )ADVP (VP is (VP making (NP progress )NP (PP in (S (VP negotiating (NP (NP the buy-out )NP (PP of (NP its design division )NP )PP (PP by (NP management )NP )PP )NP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP Hunter )NP (VP said (SBAR (S (NP it )NP (VP will (VP use (NP (NP proceeds )NP (PP from (NP (NP a private placement )NP (PP of (NP (NP (QP $ 8 million )QP )NP (PP of (NP preferred shares )NP )PP )NP )PP )NP )PP )NP (S (VP to (VP purchase (NP (NP an interest )NP (PP in (NP (NP a start-up company )NP (SBAR (S (VP to (VP underwrite (NP environmental *UNK insurance )NP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Hunter )NP (VP wants (S (VP to (VP concentrate (NP its resources )NP (PP (PP on (NP the insurance business )NP )PP and (PP on (NP (NP a project )NP (SBAR (S (VP to (VP store (NP *UNK *UNK )NP (PP in (NP *UNK *UNK )NP )PP )VP )VP )S )SBAR )NP )PP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP Jaguar PLC 's )NP chairman )NP (VP said (SBAR (S (NP he )NP (VP hopes (S (VP to (VP reach (NP (NP a friendly pact )NP )NP (PP with (NP General Motors Corp. )NP )PP (PP within (NP a month )NP )PP (SBAR (WHNP that )WHNP (S (VP may (VP involve (S (NP the British luxury-car maker 's )NP (VP producing (NP a cheaper executive model )NP )VP )S )VP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Sir John *UNKC )NP (VP told (NP reporters )NP (PP at (NP (NP London 's )NP *UNKC )NP )PP (NP yesterday )NP (SBAR (S (NP he )NP `` (VP would (VP be (ADJP disappointed )ADJP (SBAR if (S (NP we )NP (VP could n't (VP do -LCB- (NP the deal )NP -RCB- (PP within (NP a month )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP the *UNK- )NP (VP would (VP mean (SBAR (S (NP Jaguar )NP (VP could `` (VP develop (NP (NP cars )NP (ADJP down range (PRN -LCB- (PP in (NP price )NP )PP -RCB- )PRN (PP from (SBAR (WHADVP where )WHADVP (S (NP we )NP (VP are )VP )S )SBAR )PP )ADJP )NP '' (PP by (S (VP offering (NP (NP access )NP (PP to (NP (NP GM 's )NP *UNK- parts production )NP )PP )NP )VP )S )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Besides (S (VP creating (NP joint manufacturing ventures )NP )VP )S )PP , (NP the accord )NP (VP is (VP expected (S (VP to (VP give (NP GM )NP (NP (NP about a (ADJP 15 % )ADJP stake )NP (SBAR (WHNP that )WHNP (S (ADVP eventually )ADVP (VP would (VP rise (PP to (NP (QP about 30 )QP % )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Jaguar )NP (VP figures (SBAR (S (NP (NP a friendly alliance )NP (PP with (NP GM )NP )PP )NP (VP will (VP fend (PRT off )PRT (NP (NP unwelcome advances )NP (PP from (NP Ford Motor Co )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP Ford )NP , (NP (NP (NP Jaguar 's )NP biggest shareholder )NP (PP since (S (VP *UNKING (NP its stake )NP (PP to (NP 10.4 % )NP )PP (NP this week )NP )VP )S )PP )NP , )NP (VP is (VP pressing (ADVP harder )ADVP (PP for (NP (NP talks )NP (PP with (NP Sir John )NP )PP )NP )PP )VP )VP . )S  STOP
(S `` (S (NP We )NP (VP 're (VP getting (PP to (NP (NP the point )NP (SBAR (WHADVP where )WHADVP (S (NP we )NP (VP are (VP going (S (VP to (VP have (S (VP to (VP meet '' (PP with (NP him )NP )PP )VP )VP )S )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP )S , (NP one Ford official )NP (VP said (NP yesterday )NP )VP . )S  STOP
(S (S (NP Ford )NP (ADVP probably )ADVP (VP will (VP *UNK (NP (NP its request )NP (PP for (NP such a meeting )NP )PP )NP (ADVP soon )ADVP )VP )VP )S , (NP he )NP (VP added )VP . )S  STOP
(S (NP Sir John )NP (VP has (VP *UNKED (NP (NP Ford 's )NP advances )NP (SBAR since (S (NP the U.S. auto giant )NP (VP launched (NP (NP a surprise bid )NP (PP for (NP (NP (QP as much as 15 )QP % )NP (PP of (NP Jaguar )NP )PP )NP )PP )NP (NP last month )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Ford )NP (VP has (VP signaled (SBAR (S (NP it )NP (VP might (VP acquire (NP a majority interest )NP (ADVP later )ADVP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S `` (S (NP I )NP (VP 'm not (VP *UNKED (S (VP to (VP (VP sit (ADVP down )ADVP )VP and (VP talk (PP to (NP anybody )NP )PP )VP )VP )VP )S )VP )VP )S , '' (NP the Jaguar chairman )NP (VP asserted (NP yesterday )NP )VP . )S  STOP
(S (NP He )NP (VP did n't (VP rule (PRT out )PRT (NP (NP negotiations )NP (PP with (NP Ford )NP )PP )NP , (ADVP however )ADVP )VP )VP . )S  STOP
(S (NP The (ADJP (ADJP fiercely proud )ADJP but (ADJP financially strapped )ADJP )ADJP British company )NP (VP *UNK (S (VP to (VP remain (ADJP (ADJP independent )ADJP and (ADJP publicly held )ADJP )ADJP )VP )VP )S , (PP despite (NP (NP (NP Ford 's )NP promise )NP (PP of (NP (NP access )NP (PP to (NP (NP cash )NP and (NP technological know-how )NP )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Sir John )NP (VP noted (SBAR that (S (NP (NP GM )NP , (NP a longtime Jaguar supplier )NP , )NP (VP agrees `` (SBAR (S (NP we )NP (VP should (VP remain (NP an independent company )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP said (SBAR (S (S (NP Jaguar )NP (VP started (S (VP negotiating (PP with (NP (NP GM )NP and (NP several other car makers )NP )NP )PP )VP )S (ADVP (NP (QP over a )QP year )NP ago )ADVP )VP )S , but (S (NP the rest )NP `` (VP dropped (PP by (NP the *UNK )NP )PP (SBAR (ADVP ever )ADVP since (S (NP the share price )NP (VP went (PP above (NP (NP # 4 )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN (NP a share )NP )NP )PP )VP )S )SBAR )VP )S )S )SBAR )VP . '' )S  STOP
(S (S (NP Jaguar shares )NP (VP stood (PP at (NP *UNKN pence )NP )PP (PP before (NP (NP Ford 's )NP initial announcement )NP )PP )VP )S , but (S (NP the subsequent takeover frenzy )NP (VP has (VP driven (NP them )NP (ADVP up )ADVP )VP )VP )S . )S  STOP
(S (NP The stock )NP (VP traded (NP late yesterday )NP (PP on (NP (NP London 's )NP stock exchange )NP )PP (PP at (NP *UNKN pence )NP )PP , (ADVP up (NP 19 pence )NP )ADVP )VP . )S  STOP
(S (S (VP *UNKING (NP an *UNK- range )NP )VP )S (VP would (VP mark (NP (NP a major departure )NP (PP for (NP (NP Britain 's )NP leading luxury-car maker )NP )PP )NP )VP )VP . )S  STOP
(S (NP A typical British executive car )NP (VP is (ADJP (ADJP mass produced )ADJP and (ADJP (ADJP smaller )ADJP (PP than (NP a luxury car )NP )PP )ADJP )ADJP )VP . )S  STOP
(S (NP It )NP (ADVP generally )ADVP (VP *UNK (NP (NP no more )NP (PP than (NP (NP # 25,000 )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN -- (ADJP (ADJP (NP (QP roughly # *UNKN )QP )NP less )ADJP (PP than (NP (NP the *UNKED *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP are all (VP known (PP for (NP their *UNKED leather work )NP )PP )VP )VP )S )SBAR )NP )PP )ADJP )NP )PP )NP )VP . )S  STOP
(S `` (S (NP We )NP (VP (VP have (NP (NP designs )NP (PP for (NP such -LCB- executive -RCB- cars )NP )PP )NP )VP , but (VP have (ADVP never )ADVP (VP been (ADJP able (S (VP to (VP develop (NP them )NP )VP )VP )S )ADJP )VP )VP )VP )S , '' (NP Sir John )NP (VP said )VP . )S  STOP
(S (NP (NP GM 's )NP help )NP (VP would `` (VP make (S (NP (NP it )NP )NP (ADJP possible )ADJP (SBAR -LCB- for (S (NP Jaguar )NP -RCB- (VP to (VP build (NP (NP a wider range )NP (PP of (NP cars )NP )PP )NP )VP )VP )S )SBAR )S )VP )VP . '' )S  STOP
(S (NP An executive model )NP (VP would (VP (ADVP significantly )ADVP boost (NP (NP (NP Jaguar 's )NP *UNKLY output )NP (PP of (NP 50,000 cars )NP )PP )NP )VP )VP . )S  STOP
(SINV `` (S (NP You )NP (VP are (VP talking (PP about (NP (NP (QP a couple hundred thousand )QP )NP (NP a year )NP )NP )PP )VP )VP )S , '' (VP said )VP (NP (NP Bob *UNKC )NP , (NP (NP an *UNK- analyst )NP (PP at (NP U.K. brokerage James Capel & Co )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP A pact )NP (PP with (NP GM )NP )PP )NP (VP may (VP emerge (PP in (NP (QP as little as two )QP weeks )NP )PP , (PP according (PP to (NP (NP sources )NP (ADJP close (PP to (NP the talks )NP )PP )ADJP )NP )PP )PP )VP )VP . )S  STOP
(S (NP The deal )NP (VP would (VP require (NP (NP approval )NP (PP by (NP (NP a majority )NP (PP of (NP Jaguar shareholders )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S `` (S (NP We )NP (VP have (S (VP to (VP make (S (NP it )NP (ADJP attractive enough (SBAR that (S -LCB- (NP holders )NP -RCB- (VP would (VP accept (NP it )NP )VP )VP )S )SBAR )ADJP )S )VP )VP )S )VP )S , '' (NP Sir John )NP (VP said )VP . )S  STOP
(S (NP That )NP (VP may (VP be (ADJP difficult )ADJP (PRN , (S (NP the Jaguar chairman )NP (VP acknowledged )VP )S , `` )PRN (SBAR (WHADVP when )WHADVP (S (NP you )NP (VP have (S (NP (NP somebody )NP (ADJP else )ADJP )NP (VP *UNKING (PP down (NP your neck )NP )PP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S '' (S (NP Ford )NP (ADVP probably )ADVP (VP would (VP try (S (VP to (VP kill (NP the proposal )NP (PP by (S (VP (VP *UNKING (NP (NP support )NP (PP from (NP U.S. takeover-stock speculators )NP )PP )NP )VP and (VP holding (PRT out )PRT (NP (NP the *UNK )NP (PP of (NP (NP a larger bid )NP (ADVP later )ADVP )NP )PP )NP )VP )VP )S )PP )VP )VP )S )VP )VP )S , (VP said )VP (NP (NP Stephen *UNKC )NP , (NP (NP European auto analyst )NP (PP at (NP London brokers *UNKC Phillips & *UNKC )NP )PP )NP )NP . )S  STOP
(S (NP Ford )NP (VP ca n't (VP make (NP (NP a *UNKED bid )NP (PP for (NP Jaguar )NP )PP )NP (SBAR until (S (NP U.K. government restrictions )NP (VP expire )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The anti-takeover measure )NP (VP *UNK (NP any outside investor )NP (PP from (S (VP buying (NP (NP (QP more than 15 )QP % )NP (PP of (NP Jaguar shares )NP )PP )NP (PP without (NP permission )NP )PP )VP )S )PP (PP until (NP Dec. 31 , 1990 )NP )PP )VP . )S  STOP
(S But (PP with (NP its (ADJP 10.4 % )ADJP stake )NP )PP , (NP Ford )NP (VP can (VP (VP *UNK (NP a special (NP Jaguar shareholders ' )NP meeting )NP )VP and (VP urge (NP them )NP (S (VP to (VP drop (NP the restrictions )NP (ADVP *UNKLY )ADVP )VP )VP )S )VP )VP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's (NP (NP a (ADJP very valuable )ADJP weapon )NP (PP in (NP their *UNK )NP )PP , '' (SBAR (WHNP which )WHNP (S (VP could (VP enable (S (NP Ford )NP (VP to (VP bid (ADVP sooner )ADVP (PP for (NP Jaguar )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )VP )S , (VP observed )VP (NP (NP Mr. *UNKC )NP (PP of (NP James Capel )NP )PP )NP . )SINV  STOP
(S (ADVP Otherwise )ADVP , (NP Jaguar )NP (VP may (VP have (S (VP to (VP *UNK (S (NP the two U.S. auto giants )NP each (VP owning (NP a (ADJP 15 % )ADJP stake )NP )VP )S (PP for (NP (NP more )NP (PP than (NP a year )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S `` (S (NP (NP It )NP )NP (VP would (VP be (ADJP difficult )ADJP (S (VP to (VP see (SBAR (WHADVP how )WHADVP (S (NP a car company )NP (VP can (VP be (VP owned (PP by (NP a collective )NP )PP )VP )VP )VP )S )SBAR )VP )VP )S )VP )VP )S , '' (NP Sir John )NP (VP said )VP . )S  STOP
(S `` (S (NP It )NP (VP has (ADVP never )ADVP (VP been (VP done (ADVP before )ADVP )VP )VP )VP )S , but (S (NP there )NP (VP 's (ADVP always )ADVP (NP a first )NP )VP )S . )S  STOP
(S (SBAR Although (S (NP two *UNKC *UNKC )NP (VP showed (NP strong growth )NP (PP in (NP (NP access lines )NP , (NP *UNK )NP and (NP *UNKED business revenue )NP )NP )PP )VP )S )SBAR , (NP one )NP (VP reported (NP (NP a modest gain )NP (PP in (NP third-quarter net )NP )PP )NP (SBAR while (S (NP the other )NP (VP posted (NP a small drop )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC Corp. 's )NP earnings )NP (VP increased (NP 2.8 % )NP , (SBAR after (S (NP strong revenue gains )NP (VP were (VP offset (ADVP somewhat )ADVP (PP by (NP (NP (NP refunds )NP and (NP rate reductions )NP )NP (VP imposed (PP by (NP regulators )NP )PP (PP in (NP its Midwest territory )NP )PP )VP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP BellSouth Corp. 's )NP third-quarter earnings )NP (VP dropped (NP 3.8 % )NP (PP as (NP (NP a result )NP (PP of (NP (NP debt refinancing )NP , (NP (NP the recent acquisition )NP (PP of (NP a cellular and *UNKING property )NP )PP )NP and (NP (NP rate reductions )NP (PP in (NP its Southeast territory )NP )PP )NP )NP )PP )NP )PP )VP . )S  STOP
(NP BellSouth )NP  STOP
(S (PP At (NP (NP BellSouth )NP , (VP based (PP in (NP Atlanta )NP )PP )VP )NP )PP , (NP customer access lines )NP (VP grew (PP by (NP (NP *UNKN )NP , or (NP 3.5 % )NP , )NP )PP (PP during (NP (NP the 12-month period )NP (VP ended (NP *UNKC )NP )VP )NP )PP )VP . )S  STOP
(S (PP For (NP the third quarter )NP )PP , (NP total operating revenue )NP (VP grew (NP 2.6 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP Total operating expenses )NP (VP increased (NP 3.5 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (S (NP (NP Overall access minutes )NP (PP of (NP use )NP )PP )NP (VP increased (NP *UNKN % )NP )VP )S and (S (NP toll messages )NP (VP jumped (NP 5.2 % )NP )VP )S . )S  STOP
(S (NP BellSouth Chairman and Chief Executive *UNKC John L. *UNKC )NP (VP said (SBAR (S (NP three factors )NP (VP accounted (PP for (NP (NP the drop )NP (PP in (NP third-quarter earnings )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The refinancing )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP long-term debt )NP )PP )NP )PP )NP (VP (VP reduced (NP net income )NP (PP by (NP (NP (QP $ 22 million )QP )NP , or (NP (NP five cents )NP (NP a share )NP )NP , )NP )PP )VP but (VP (PP in (NP the long run )NP )PP will (VP save (NP (NP (QP more than $ 250 million )QP )NP (PP in (NP interest costs )NP )PP )NP )VP )VP )VP . )S  STOP
(S (NP The company )NP (ADVP previously )ADVP (VP said (SBAR that (S (NP (NP the recent acquisition )NP (PP of (NP (NP *UNKC Communications Corp. )NP (PP of (NP America )NP )PP )NP )PP )NP (VP would (VP *UNK (NP 1989 earnings )NP (PP by (NP (QP about 3 )QP % )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP earnings )NP (VP were (VP reduced (PP by (NP (NP rate reductions )NP (PP in (NP Florida , Kentucky , *UNKC , Tennessee and Louisiana )NP )PP )NP )PP )VP )VP . )S  STOP
(NP *UNKC )NP  STOP
(S (PP At (NP (NP *UNKC )NP , (VP based (PP in (NP Chicago )NP )PP )VP )NP )PP , (S (NP customer access lines )NP (VP increased (PP by (NP (NP *UNKN )NP , or (NP 2.6 % )NP , )NP )PP )VP )S and (S (NP cellular *UNK lines )NP (VP increased (PP by (NP (NP 80,000 )NP , or (NP *UNKN % )NP , )NP )PP )VP )S (PP for (NP (NP the 12-month period )NP (VP ended (NP Sept. 30 )NP )VP )NP )PP . )S  STOP
(S (PP For (NP the third quarter )NP )PP , (NP revenue )NP (VP increased (NP 1.9 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP Operating expenses )NP (VP increased (NP 2.6 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP , (PP including (NP (NP one-time pretax charges )NP (PP of (NP (QP $ 40 million )QP )NP )PP (PP for (NP labor contract signing bonuses )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP Local service revenue )NP (VP increased (NP 3.5 % )NP )VP )S and (S (NP *UNK and *UNKED business revenue )NP (VP jumped (NP 9.5 % )NP )VP )S . )S  STOP
(S But (S (NP network access revenue )NP (VP dropped (NP 4 % )NP )VP )S and (S (NP toll revenue )NP (VP dropped (NP 1.4 % )NP )VP )S . )S  STOP
(S (NP a )NP - (VP reflects (NP (NP 2-for-1 stock split )NP (ADJP effective (NP Dec. 30 , 1988 )NP )ADJP )NP )VP . )S  STOP
(S (NP b )NP - (VP reflects (NP (NP extraordinary loss )NP (PP of (NP (NP five cents )NP (NP a share )NP )NP )PP (PP for (NP early debt retirement )NP )PP )NP )VP . )S  STOP
(S (NP c )NP - (VP reflects (NP (NP (NP (NP extraordinary loss )NP (PP of (NP (NP five cents )NP (NP a share )NP )NP )PP )NP and (NP (NP extraordinary gain )NP (PP of (NP (NP 14 cents )NP (NP a share )NP )NP )PP )NP )NP (PP from (NP (NP cumulative effect )NP (PP of (NP accounting change )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The Wall Street Journal `` (NAC American Way (PP of (NP Buying )NP )PP )NAC '' *UNKC )NP (VP consists (PP of (NP (NP two separate , *UNK- nationwide polls )NP (VP conducted (PP for (NP the Journal )NP )PP (PP by (NP (NP Peter D. Hart Research Associates )NP and (NP the Roper Organization )NP )NP )PP )VP )NP )PP )VP . )S  STOP
(S (NP (NP The two surveys )NP , (SBAR (WHNP which )WHNP (S (VP asked (NP different questions )NP )VP )S )SBAR , )NP (VP were (VP conducted (S (VP using (NP national random *UNK samples )NP )VP )S )VP )VP . )S  STOP
(S (NP (NP The poll )NP (VP conducted (PP by (NP Peter D. Hart Research Associates )NP )PP )VP )NP (VP interviewed (NP (NP *UNKN adults )NP (UCP (NP age 18 )NP and (ADJP older )ADJP )UCP )NP (PP (PP from (NP June 15 )NP )PP (PP to (NP June 30 , 1989 )NP )PP )PP )VP . )S  STOP
(S (NP (NP The poll )NP (VP conducted (PP by (NP the Roper Organization )NP )PP )VP )NP (VP interviewed (NP (NP *UNKN adults )NP (UCP (NP age 18 )NP and (ADJP older )ADJP )UCP )NP (PP (PP from (NP July 7 )NP )PP (PP to (NP July 15 , 1989 )NP )PP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP were (VP weighted (PP on (NP (NP the basis )NP (PP of (NP age and *UNK )NP )PP )NP )PP (S (VP to (VP conform (PP with (NP U.S. Census data )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (PP For (NP each poll )NP )PP , (NP the odds )NP (VP are (NP (NP 19 )NP (PP out (PP of (NP 20 )NP )PP )PP )NP (SBAR that (S (SBAR if (S (NP *UNK )NP (VP had (VP sought (S (VP to (VP survey (NP (NP every household )NP (PP in (NP the U.S. )NP )PP )NP (S (VP using (NP the same *UNK )NP )VP )S )VP )VP )S )VP )VP )S )SBAR , (NP the findings )NP (VP would (VP *UNK (PP from (NP these poll results )NP )PP (PP by (NP (NP (QP no more than 2 1\/2 )QP percentage points )NP (PP in (NP either direction )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The margin )NP (PP of (NP error )NP )PP (PP for (NP (NP *UNK )NP (PRN -- (PP for (NP example )NP )PP , (NP (NP married women )NP (PP with (NP (NP children )NP (PP at (NP home )NP )PP )NP )PP )NP -- )PRN )NP )PP )NP (VP would (VP be (ADJP larger )ADJP )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (PP in (NP any survey )NP )PP , (NP there )NP (VP is (ADVP always )ADVP (NP the chance (SBAR that (S (NP (NP other factors )NP (PP such as (NP question *UNKING )NP )PP )NP (VP could (VP introduce (NP errors )NP (PP into (NP the findings )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Program traders )NP (VP were (VP buying and selling (PP at (NP full steam )NP )PP (NP (NP Monday )NP , (NP (NP the first trading session )NP (PP after (NP (NP (NP the stock market 's )NP *UNK- plunge )NP (NP Friday )NP )NP )PP )NP )NP )VP )VP . )S  STOP
(S (NP They )NP (VP (VP accounted (PP for (NP (NP a hefty 16 % )NP (PP of (NP New York Stock Exchange volume )NP )PP (NP Monday )NP )NP )PP )VP , (NP (NP the (ADJP fourth *UNK )ADJP session )NP (ADVP ever )ADVP )NP )VP . )S  STOP
(S (PP On (NP Friday )NP )PP , (NP (NP 13 % )NP (PP of (NP volume )NP )PP )NP (VP was (PP in (NP computer-guided program trades )NP )PP )VP . )S  STOP
(S (PP In (NP August )NP )PP , (PP by (NP contrast )NP )PP , (NP program trading )NP (VP averaged (NP (NP *UNKN % )NP (PP of (NP daily Big Board turnover )NP )PP )NP )VP . )S  STOP
(S (S (NP Program traders )NP (VP were (VP (ADVP publicly )ADVP *UNKED (PP following (NP (NP the *UNK- crash )NP (NP Oct. 19 , 1987 )NP )NP )PP )VP )VP )S , and (S (NP (NP a number )NP (PP of (NP brokerage firms )NP )PP )NP (VP pulled (ADVP back )ADVP (PP from (S (VP using (NP this strategy )NP )VP )S )PP (PP for (NP a while )NP )PP )VP )S . )S  STOP
(S But (SBAR as (S (NP the outcry )NP (VP *UNKED (PP by (NP (NP the spring )NP (PP of (NP 1988 )NP )PP )NP )PP )VP )S )SBAR , (NP they )NP (VP resumed )VP . )S  STOP
(S (NP Some observers )NP (VP thought (SBAR that (S (PP after (NP (NP Friday 's )NP sharp drop )NP )PP , (NP the firms )NP (VP would (VP rein (PRT in )PRT (NP their program traders )NP (S (VP to (VP avoid (S (VP *UNKING (NP more controversy )NP )VP )S )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP the statistics )NP (VP released (NP yesterday )NP )VP )NP (VP show (SBAR (S (NP the firms )NP (VP did (NP (NP nothing )NP (PP of (NP the sort )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP One reason )NP (PRN , (S (NP they )NP (VP said )VP )S , )PRN (VP was (SBAR that (S (NP (NP the official reports )NP (PP on (NP the 1987 crash )NP )PP )NP (VP *UNKED (NP program trading )NP (PP as (NP a cause )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Stock-index arbitrage )NP (VP is (NP (NP the (ADJP most controversial )ADJP form )NP (PP of (NP program trading )NP )PP )NP (SBAR because (S (NP it )NP (VP *UNK (NP market moves )NP , (SBAR if (S not (ADVP actually )ADVP (VP causing (NP them )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP it )NP )PP , (NP traders )NP (VP (VP buy or sell (NP stocks )NP )VP and (VP offset (NP those positions )NP (PP in (NP stock-index futures contracts )NP )PP )VP (S (VP to (VP profit (PP from (NP *UNKING price discrepancies )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP Under (NP (NP the exchange 's )NP *UNK )NP )PP , (NP program trading )NP (ADVP also )ADVP (VP describes (NP (NP a number )NP (PP of (NP (NP other strategies )NP (SBAR (WHNP that )WHNP , (S (PP in (NP (NP the opinion )NP (PP of (NP some traders )NP )PP )NP )PP , (VP do n't (VP cause (NP (NP big swings )NP (PP in (NP the market )NP )PP )NP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP (NP (NP The Big Board 's )NP disclosure )NP (PP of (NP (NP program trading activity )NP (PP on (NP these two days )NP )PP )NP )PP )NP (VP was (ADJP unusual )ADJP )VP . )S  STOP
(S (SBAR Though (S (NP it )NP (VP *UNK (NP such data )NP (ADVP daily )ADVP )VP )S )SBAR , (NP (NP its monthly reports )NP (PP on (NP program trading )NP )PP )NP (ADVP usually )ADVP (VP come (ADVP out )ADVP (SBAR (NP about three weeks )NP after (S (NP each month )NP (VP ends )VP )S )SBAR )VP . )S  STOP
(S (NP The September figures )NP (VP are (ADJP due (S (VP to (VP be (VP released (NP this week )NP )VP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP The Big Board )NP (VP declined (S (VP to (VP name (NP (NP (NP the Wall Street firms )NP (VP involved (PP in (NP the activity )NP )PP (NP Friday and Monday )NP )VP )NP , or (NP (NP (NP the type )NP (PP of (NP strategies )NP )PP )NP (VP used )VP )NP )NP )VP )VP )S )VP . )S  STOP
(S But (NP (NP traders )NP (PP on (NP the exchange floor )NP )PP , (SBAR (WHNP who )WHNP (S (VP can (VP *UNK (NP the computer-guided trading activity )NP (PP on (NP monitor screens )NP )PP )VP )VP )S )SBAR , )NP (VP said (SBAR (S (NP (NP most )NP (PP of (NP the top program-trading firms )NP )PP )NP (VP were (ADJP active )ADJP (NP both days )NP )VP )S )SBAR )VP . )S  STOP
(S (PP Through (NP August )NP )PP , (NP (NP the (ADJP top five )ADJP program trading firms )NP (PP in (NP volume )NP )PP )NP (VP were (NP (NP Morgan Stanley & Co. )NP , (NP Kidder , Peabody & Co. )NP , (NP Merrill Lynch & Co. )NP , (NP PaineWebber Group Inc. )NP and (NP Salomon Brothers Inc )NP )NP )VP . )S  STOP
(S (SBAR Though (S (NP brokerage officials )NP (VP defended (NP (NP their use )NP (PP of (NP program trading )NP )PP )NP )VP )S )SBAR , (NP (NP one sign )NP (PP of (SBAR (WHNP what an issue )WHNP (S (NP it )NP (VP remains )VP )S )SBAR )PP )NP (VP was (SBAR that (S (NP few executives )NP (VP would (VP comment (PP on (NP the record )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Besides (S (VP *UNKING (NP (NP the *UNK )NP (PP for (NP program trading )NP )PP (VP contained (PP in (NP the Brady Commission report )NP )PP )VP )NP )VP )S )PP , (NP they )NP (VP said (SBAR (S (NP stock-index arbitrage )NP (VP was (ADVP actually )ADVP (VP needed (NP Monday )NP (S (VP to (VP restore (NP (NP the markets ' )NP *UNK )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP On (NP Friday )NP )PP , (NP the stock-index futures market )NP (VP (VP was (VP *UNKED (PP from (NP the stock market )NP )PP (SBAR (WHADVP when )WHADVP (S (NP the Chicago Mercantile Exchange )NP (VP halted (NP (NP trading )NP (PP in (NP (NP Standard & Poor 's )NP 500 futures contract )NP )PP )NP )VP )S )SBAR )VP )VP -- (NP (NP a `` circuit *UNK '' procedure )NP (VP (VP instituted (PP after (NP the 1987 crash )NP )PP )VP and (VP implemented (PP for (NP the first time )NP )PP )VP )VP )NP )VP . )S  STOP
(S (S (S (NP Futures trading )NP (VP resumed (ADVP (NP a half-hour )NP later )ADVP )VP )S , but (S (NP the session )NP (VP ended (ADVP shortly thereafter )ADVP , (S (VP leaving (NP the stock market )NP (VP set (PRT up )PRT (PP for (NP more sell programs )NP )PP )VP )VP )S )VP )S )S , (NP traders )NP (VP said )VP . )S  STOP
(S (PP By (NP Monday morning )NP )PP (PRN , (S (NP they )NP (VP said )VP )S , )PRN (NP stock-index arbitrage sell programs )NP (VP helped (S (VP *UNK- (NP (NP the link )NP (PP between (NP stocks and futures )NP )PP )NP )VP )S )VP . )S  STOP
(S But (NP stunning volatility )NP (VP was (VP produced (PP in (NP the process )NP )PP )VP )VP . )S  STOP
(S (NP The Dow Jones Industrial Average )NP (VP plunged (NP a *UNKING *UNKN points )NP (PP in (NP (NP the first 40 minutes )NP (PP of (NP trading )NP )PP )NP )PP (NP Monday )NP (SBAR as (S (NP stock-index arbitrage sell programs )NP (VP kicked (PRT in )PRT )VP )S )SBAR )VP . )S  STOP
(S (PP At (NP about *UNKN a.m. EDT )NP )PP , (NP the market )NP (VP (ADVP abruptly )ADVP turned (ADVP upward )ADVP (PP on (NP stock-index arbitrage buy programs )NP )PP )VP . )S  STOP
(S (PP By (NP (NP day 's )NP end )NP )PP , (NP the Dow industrials )NP (VP had (VP rebounded (NP (NP *UNKN points )NP , or (NP (NP nearly half )NP (PP of (NP (NP Friday 's )NP drop )NP )PP )NP )NP )VP )VP . )S  STOP
(S (NP (NP (NP *UNKC 'S )NP (PP OF (NP *UNKC Inc. )NP )PP )NP , (NP Los Angeles )NP , )NP (VP said (SBAR (S (NP its board )NP (VP voted (NP (NP a (ADJP 50 % )ADJP increase )NP (PP in (NP (NP the specialty *UNK- operator 's )NP *UNK dividend )NP )PP , (PP to (NP (NP five cents )NP (NP a common share )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The dividend )NP (VP is (ADJP payable (NP Dec. 15 )NP (PP to (NP (NP stock )NP (PP of (NP record )NP )PP (NP Nov. 15 )NP )NP )PP )ADJP )VP . )S  STOP
(S (NP Valley National Corp. )NP (VP (VP reported (NP (NP a third-quarter net loss )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP )NP )VP and (VP suspended (NP its quarterly dividend )NP (PP because of (NP (NP potential losses )NP (PP on (NP its Arizona real estate holdings )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The *UNKED holding company )NP (PP for (NP (NP Arizona 's )NP largest bank )NP )PP )NP (VP said (SBAR (S (NP it )NP (VP added (NP (QP $ *UNKN million )QP )NP (PP to (NP its *UNK )NP )PP (PP (PP for (NP (NP losses )NP (PP on (NP loans )NP )PP )NP )PP and (PP for (NP (NP real estate )NP (VP owned )VP )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP earned (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 95 cents )NP (NP a share )NP )NP , )NP (ADVP (NP a year )NP earlier )ADVP )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP Valley National )NP (VP posted (NP (NP a net loss )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )NP )VP . )S  STOP
(S (NP It )NP (VP had (NP (NP profit )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP )NP (PP in (NP the 1988 period )NP )PP )VP . )S  STOP
(S (NP Valley National )NP (VP had (VP been (VP paying (NP (NP a quarterly dividend )NP (PP of (NP (NP 36 cents )NP (NP a share )NP )NP )PP )NP )VP )VP )VP . )S  STOP
(S `` (S (S (NP The Arizona real estate market )NP (VP continues (S (VP to (VP be (VP depressed )VP )VP )VP )S )VP )S , and (S (NP there )NP (VP is (ADVP still )ADVP (NP uncertainty )NP (PP as (PP to (SBAR (WHADVP when )WHADVP (S (NP values )NP (VP will (VP recover )VP )VP )S )SBAR )PP )PP )VP )S )S , '' (NP (NP James P. Simmons )NP , (NP chairman )NP , )NP (VP said )VP . )S  STOP
(S (S (NP The decision (S (VP to (VP (VP increase (NP the loan-loss reserve )NP )VP and (VP suspend (NP the dividend )NP )VP )VP )VP )S )NP (VP is `` (UCP both (ADJP prudent )ADJP and (PP in (NP (NP the best long-term interest )NP (PP of (NP the shareholders )NP )PP )NP )PP )UCP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP Valley National )NP (VP said (SBAR (S (NP it )NP (VP made (NP the decision )NP (PP (PP on (NP (NP the basis )NP (PP of (NP (NP (NP an `` overall assessment )NP (PP of (NP (NP the marketplace )NP '' and (NP (NP the condition )NP (PP of (NP its loan portfolio )NP )PP )NP )NP )PP )NP )NP )PP )NP )PP and (PP after (S (VP reviewing (NP it )NP (PP with (NP federal regulators )NP )PP )VP )S )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The addition )NP (PP to (NP reserves )NP )PP )NP (VP comes (PP on (NP (NP top )NP (PP of (NP (NP a provision )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP (SBAR (WHNP that )WHNP (S (VP was (VP announced (PP in (NP June )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP July )NP )PP , (NP Moody 's )NP (VP downgraded (NP (NP (QP $ 400 million )QP )NP (PP of (NP (NP the company 's )NP debt )NP )PP )NP , (S (VP saying (SBAR (S (NP the bank holding company )NP (VP had n't (VP taken (NP (NP adequate write-offs )NP (PP against (NP (NP potential losses )NP (PP on (NP real estate loans )NP )PP )NP )PP )NP (PP despite (NP its second-quarter write-down )NP )PP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP (NP Richard M. *UNKC )NP , (NP (NP Valley National 's )NP executive vice president )NP , )NP (VP said (ADVP then )ADVP (SBAR that (S (NP the company )NP (VP (VP believed (SBAR (S (NP the write-downs )NP (VP were `` (ADJP adequate )ADJP '' )VP )S )SBAR )VP and (VP did n't (VP plan (S (VP to (VP increase (NP its reserves )NP (ADVP again )ADVP )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Bruce *UNKC )NP , (NP (NP (NP a banking analyst )NP (PP with (NP (NP *UNKC & Co. )NP , (NP a Denver brokerage firm )NP , )NP )PP )NP )NP )NP (VP said (SBAR (S (NP Valley National )NP `` (VP is n't (PP out (PP of (NP the *UNK )NP )PP )PP (ADVP yet )ADVP )VP )S )SBAR )VP . '' )S  STOP
(S (S (NP The key )NP (VP will (VP be (SBAR whether (S (NP Arizona real estate )NP (VP (VP turns (ADVP around )ADVP )VP or (VP (ADVP at least )ADVP *UNK )VP )VP )S )SBAR )VP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S `` (S (S (NP They )NP (VP 've (VP stepped (ADVP up (PP to (NP the plate )NP )PP )ADVP (S (VP to (VP take (NP the write-downs )NP )VP )VP )S )VP )VP )S , but (S (SBAR (WHADVP when )WHADVP (S (NP markets )NP (VP head (ADVP down )ADVP )VP )S )SBAR , (NP a company )NP (VP is (ADVP always )ADVP (VP exposed (PP to (NP further negative *UNK )NP )PP )VP )VP )S )S , '' (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (NP Valley National )NP (VP closed (NP yesterday )NP (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP , (ADVP down (NP $ 1 )NP )ADVP , (PP in (NP national over-the-counter trading )NP )PP )VP . )S  STOP
(FRAG (NP (NP Two years )NP (PP of (NP *UNKING )NP )PP )NP , (PP down (NP the drain )NP )PP . )FRAG  STOP
(S (NP That )NP (VP 's (NP (NP the way )NP (SBAR (S (NP (NP a lot )NP (PP of (NP brokers )NP )PP )NP (VP feel (NP today )NP (PP on (NP (NP the second anniversary )NP (PP of (NP the 1987 stock-market crash )NP )PP )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP (ADVP Ever )ADVP since (NP that *UNK Black Monday )NP )PP , (NP they )NP (VP 've (VP been (VP (ADVP *UNKLY )ADVP *UNKING (NP wary individual investors )NP -- (S (VP trying (S (VP to (VP convince (NP them )NP (SBAR (SBAR that (S (NP Oct. 19 , 1987 , )NP (VP was (NP a *UNK )NP )VP )S )SBAR and (SBAR that (S (NP the stock market )NP (ADVP really )ADVP (VP is (NP (NP a safe place )NP (SBAR for (S (NP average Americans )NP (VP to (VP put (NP their *UNKED dollars )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )SBAR )VP )VP )S )VP )S )VP )VP )VP . )S  STOP
(S And (PP until (NP last Friday )NP )PP , (NP it )NP (VP seemed (SBAR (S (NP those efforts )NP (VP were (VP starting (S (VP to (VP pay (PRT off )PRT )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP (NP Some )NP (PP of (NP those folks )NP )PP )NP (VP were (VP coming (ADVP back )ADVP )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC Jr. )NP , (NP chairman )NP , (PP of (NP discount brokers *UNKC & *UNKLY Group Inc )NP )PP )NP . )SINV  STOP
(S `` (NP We )NP (VP had (VP heard (PP from (NP (NP people )NP (SBAR (WHNP who )WHNP (S (VP had n't (VP been (ADJP active )ADJP '' (PP for (NP a long time )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(SINV Then (VP came )VP (NP (NP (NP the *UNKING 190-point plunge )NP (PP in (NP the Dow Jones Industrial Average )NP )PP )NP and (NP (NP a new wave )NP (PP of (NP stock-market volatility )NP )PP )NP )NP . )SINV  STOP
(S (ADVP All (PP of (NP a sudden )NP )PP )ADVP , (NP it )NP (VP was (ADVP back (PP to (NP square one )NP )PP )ADVP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's (VP going (S (VP to (VP set (NP things )NP (ADVP back )ADVP (PP for (NP a period )NP )PP , (SBAR because (S (NP it )NP (VP *UNK (NP (NP the concern )NP (PP of (NP volatility )NP )PP )NP )VP )S )SBAR )VP )VP )S )VP )VP )S , '' (VP says )VP (NP (NP Jeffrey B. Lane )NP , (NP (NP president )NP (PP of (NP Shearson Lehman Hutton Inc )NP )PP )NP )NP . )SINV  STOP
(S `` (S (NP I )NP (VP think (SBAR (S (NP it )NP (VP will (VP shake (NP confidence )NP (NP (ADJP one more )ADJP time )NP )VP )VP )S )SBAR )VP )S , and (S (NP (NP a lot )NP (PP of (NP this business )NP )PP )NP (VP is (VP based (PP on (NP client confidence )NP )PP )VP )VP )S . '' )S  STOP
(S (NP (NP *UNKC )NP (PP around (NP the country )NP )PP )NP (VP say (SBAR (S (NP (NP the reaction )NP (PP from (NP individual investors )NP )PP )NP (NP this week )NP (VP has (VP been (ADJP almost *UNK )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP and (NP potential customers )NP )NP (VP are (ADVP suddenly )ADVP (VP complaining (PP about (NP the stock market )NP )PP (PP in (NP (NP the exact way )NP (SBAR (S (NP they )NP (VP did (PP in (NP *UNK- 1987 )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP (NP The kinds )NP (PP of (NP questions )NP )PP (SBAR (S (NP you )NP (VP had (ADVP before )ADVP )VP )S )SBAR )NP (VP have (VP *UNKED )VP )VP )S , '' (VP says )VP (NP (NP Raymond A. `` *UNKC '' Mason )NP , (NP (NP chairman )NP (PP of (NP (NP regional brokerage firm *UNKC Mason Inc. )NP , (NP Baltimore )NP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP I )NP (VP can (ADVP just )ADVP (VP tell (SBAR (S (NP the questions )NP (VP are (ADVP right back )ADVP (SBAR (WHADVP where )WHADVP (S (NP they )NP (VP were )VP )S )SBAR : (UCP ` (SBARQ (WHNP What )WHNP (SQ (VP 's (VP going (PRT on )PRT )VP )VP )SQ ? )SBARQ , ' ` (SQ *UNK n't (NP anything )NP (VP be (VP done (PP about (NP program trading )NP )PP )VP )VP ? )SQ , ' ` (SQ Does n't (NP the exchange )NP (VP understand )VP ? )SQ , ' ` (SBARQ (WHADVP Where )WHADVP (SQ is (NP the SEC )NP (PP on (NP this )NP )PP )SQ ? )SBARQ ' )UCP )VP )S )SBAR )VP )VP '' )S  STOP
(S (NP Mr. Mason )NP (VP says (SBAR (S (NP he )NP (VP 's (ADJP convinced (SBAR (S (NP the public )NP (ADVP still )ADVP (VP wants (S (VP to (VP invest (PP in (NP common stocks )NP )PP )VP )VP )S , (SBAR even though (S (NP they )NP (VP believe (SBAR (S (NP the *UNK )NP (VP is (VP *UNKED (PP against (NP them )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )ADJP )VP )S )SBAR )VP . )S  STOP
(S But `` (NP these wide swings )NP (VP *UNK (NP them )NP (PP to (NP death )NP )PP )VP . '' )S  STOP
(S (NP (NP All )NP (PP of (NP this )NP )PP )NP (VP is (NP bad news )NP (PP for (NP (NP the big brokerage firms )NP (PP such as (NP (NP Shearson )NP and (NP Merrill Lynch & Co. )NP )NP )PP (SBAR (WHNP that )WHNP (S (VP have (NP big (ADJP `` retail , '' or *UNK- , )ADJP businesses )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP After (S (VP expanding (ADVP rapidly )ADVP (PP during (NP (NP the *UNK- years )NP (PP up (PP to (NP the 1987 crash )NP )PP )PP )NP )PP )VP )S )PP , (NP retail brokerage operations )NP (NP these days )NP (VP are (VP getting (NP (ADJP barely enough )ADJP business (S (VP to (VP pay (NP the overhead )NP )VP )VP )S )NP )VP )VP . )S  STOP
(S (S (ADJP True )ADJP )S , (NP (NP the amount )NP (PP of (NP money )NP )PP (SBAR (S (NP investors )NP (VP are (ADJP willing (S (VP to (VP *UNK (PP to (NP their brokers )NP )PP )VP )VP )S )ADJP )VP )S )SBAR )NP (VP has (VP been (VP growing (ADVP lately )ADVP )VP )VP )VP . )S  STOP
(S But (NP those dollars )NP (VP have (VP been (VP going (PP into (NP (NP such `` safe '' products )NP (PP as (NP (NP money market funds )NP , (SBAR (WHNP which )WHNP (S (VP do n't (VP generate (NP much )NP (PP in (NP (NP the way )NP (PP of (NP (NP commissions )NP (PP for (NP the brokerage firms )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (PP At (NP discount brokerage Charles *UNKC & Co. )NP )PP , (NP such `` *UNK- '' investments )NP (ADVP recently )ADVP (VP accounted (PP for (NP (NP a record (QP $ 8 billion )QP )NP (PP of (NP (NP (NP the firm 's )NP (QP $ 25 billion )QP )NP (PP of (NP (NP client 's )NP assets )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The brokers ' )NP hope )NP (VP has (VP been (SBAR that (S (NP they )NP (VP could (ADVP soon )ADVP (VP *UNK (NP investors )NP (PP into (S (VP shifting (NP (NP some )NP (PP of (NP their *UNK )NP )PP )NP (PP into (NP the stock market )NP )PP )VP )S )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S And (PP before (NP last Friday )NP )PP , (NP they )NP (VP were (ADVP actually )ADVP (VP making (NP modest progress )NP )VP )VP . )S  STOP
(S (NP (NP A (ADJP slightly higher )ADJP percentage )NP (PP of (NP New York Stock Exchange volume )NP )PP )NP (VP has (VP been (VP attributed (PP to (NP retail investors )NP )PP (PP in (NP recent months )NP )PP (PP compared (PP with (NP *UNK- 1988 )NP )PP )PP , (PP according (PP to (NP Securities Industry Association data )NP )PP )PP )VP )VP )VP . )S  STOP
(S (PP In (NP 1987 )NP )PP , (NP (NP an average *UNKN % )NP (PP of (NP Big Board volume )NP )PP )NP (VP was (NP retail business )NP , (SBAR with (S (NP the monthly level )NP (ADVP never )ADVP (NP (QP more than *UNKN )QP % )NP )S )SBAR )VP . )S  STOP
(S (NP The retail participation )NP (VP (VP dropped (PP to (NP an average *UNKN % )NP )PP (PP in (NP 1988 )NP )PP )VP , and (VP *UNKED (PP to (NP (QP barely 14 )QP % )NP )PP (NP (NP some months )NP (PP during (NP the year )NP )PP )NP )VP )VP . )S  STOP
(S Yet (PP in (NP 1989 )NP )PP , (NP retail participation )NP (VP (VP has (VP been (NP (QP more than 20 )QP % )NP (PP in (NP every month )NP )PP )VP )VP , and (VP was (NP *UNKN % )NP (PP in (NP (NP August )NP , (NP (NP the latest month )NP (SBAR (WHPP for (WHNP which )WHNP )WHPP (S (NP figures )NP (VP are (ADJP available )ADJP )VP )S )SBAR )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Jeffrey *UNKC )NP , (NP (NP the *UNKC 's )NP research director )NP , )NP (VP says (SBAR that (S (NP (NP all )NP (PP of (NP (NP his group 's )NP *UNK- statistics )NP )PP )NP (VP could (VP be (VP *UNKED (PP by (NP (QP as much as five )QP percentage points )NP )PP (SBAR because (S (NP corporate *UNK- )NP (VP are (ADVP sometimes )ADVP (VP (ADVP *UNKLY )ADVP included (PP in (NP Big Board data )NP )PP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP there )NP (VP did (VP seem (S (VP to (VP be (NP a retail activity pickup )NP )VP )VP )S )VP )VP . )S  STOP
(SINV (S But `` (NP Friday )NP (VP did n't (VP help (NP things )NP )VP )VP )S , '' (VP says )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S (PP With (NP (NP the gyrations )NP (PP of (NP recent days )NP )PP )NP )PP (PRN , (SINV (VP says )VP (NP (NP Hugo *UNKC )NP , (NP (NP senior vice president )NP (PP at (NP Charles *UNKC )NP )PP )NP )NP )SINV , )PRN (NP many small investors )NP (VP are (ADJP absolutely convinced (SBAR that `` (S (NP they )NP (VP should n't (VP play (PP in (NP the stock market )NP )PP )VP )VP )S )SBAR )ADJP )VP . '' )S  STOP
(S (NP (NP Joseph *UNKC )NP , (NP (NP president )NP (PP of (NP (NP retail sales )NP and (NP marketing )NP )NP )PP (PP at (NP PaineWebber Group Inc. )NP )PP )NP , )NP (ADVP still )ADVP (VP thinks (SBAR that (S (NP individual investors )NP (VP will (ADVP eventually )ADVP (VP go (ADVP back )ADVP (PP into (NP the stock market )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (S (NP Investors )NP (VP will (VP develop `` (NP *UNK *UNK )NP )VP )VP )S , '' and (S (NP their confidence )NP (VP will (VP return )VP )VP )S )S , (NP he )NP (VP says )VP . )S  STOP
(S (NP (NP Friday 's )NP plunge )NP (PRN , (S (NP he )NP (VP is (VP telling (NP PaineWebber brokers )NP )VP )VP )S , )PRN (VP was (ADJP (ADJP nothing more )ADJP (PP than (NP (NP a `` tremendous reaction )NP (PP to (NP leveraged buy-out stocks )NP )PP )NP )PP )ADJP )VP . '' )S  STOP
(S (ADVP Meanwhile )ADVP , (NP PaineWebber )NP (VP remains (PP among (NP the leaders )NP )PP (PP in (NP efforts (S (VP to (ADVP simply )ADVP (VP persuade (NP investors )NP (S (VP to (VP keep (S (VP giving (NP Wall Street )NP (NP their money )NP )VP )S )VP )VP )S )VP )VP )S )NP )PP )VP . )S  STOP
(S `` (S (NP (NP It )NP )NP (VP 's (NP (NP more )NP (PP of (NP an important issue )NP )PP )NP (S (VP to (VP (VP keep (NP (NP control )NP (PP of (NP those assets )NP )PP )NP )VP , (CONJP rather than )CONJP (VP push (S (NP the investor )NP (VP to (VP move (PP into (NP (NP (PRN -LRB- specific -RRB- )PRN products )NP (PP such as (NP equities )NP )PP )NP )PP )VP )VP )S )VP )VP )VP )S )VP )S , '' (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S `` (NP The equity decision )NP (VP will (VP come (SBAR (SBAR (WHADVP when )WHADVP (S (NP the client )NP (VP is (ADJP ready )ADJP )VP )S )SBAR and (SBAR (WHADVP when )WHADVP (S (NP there )NP (VP 's (NP (NP a *UNK )NP (PP of (NP confidence )NP )PP )NP )VP )S )SBAR )SBAR )VP )VP . '' )S  STOP
(SINV (S (NP It )NP (VP could (VP be (NP a long wait )NP )VP )VP )S , (VP say )VP (NP some industry observers )NP . )SINV  STOP
(SINV `` (S (NP Some investors )NP (VP will (VP *UNK (ADVP back )ADVP (ADVP in )ADVP )VP )VP )S , '' (VP says )VP (NP (NP Richard Ross )NP , (NP (NP a market research director )NP (PP for (NP (NP *UNKC & *UNKC )NP (PP in (NP Chicago )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` Then (NP there )NP (VP 'll (VP be (NP another swing )NP )VP )VP . )S  STOP
(S (S (PP Given (NP (NP enough )NP (PP of (NP these )NP )PP )NP )PP , (NP this )NP (VP will (VP drive (NP (NP everyone )NP )NP (ADVP out )ADVP (PP except (NP the (ADJP most *UNK )ADJP )NP )PP )VP )VP )S , '' (NP he )NP (VP adds )VP . )S  STOP
(S (NP (NP Mr. Ross )NP , (SBAR (WHNP who )WHNP (S (VP has (VP been (VP studying (NP (NP (NP retail investors ' )NP perception )NP (PP of (NP (NP risks )NP (PP in (NP the brokerage industry )NP )PP )NP )PP )NP )VP )VP )VP )S )SBAR , )NP (VP said (SBAR (S (NP (NP a market plunge )NP (PP like (NP Friday 's )NP )PP )NP `` (VP *UNK (NP (NP (NP investors ' )NP confidence )NP (PP in (NP their ability (S (VP to (VP make (NP (NP any *UNK )NP (PP on (NP the market )NP )PP )NP )VP )VP )S )NP )PP )NP )VP )S )SBAR )VP . '' )S  STOP
(S (S (NP (NP The long-term outlook )NP (PP for (NP the retail brokerage business )NP )PP )NP (VP is `` (ADJP *UNK )ADJP )VP )S , '' (NP Mr. Ross )NP (VP declares )VP . )S  STOP
(S (NP The following )NP (VP were (PP among (NP (NP (NP yesterday 's )NP offerings and pricings )NP (PP in (NP the (UCP U.S. and non-U.S. )UCP capital markets )NP )PP )NP )PP , (PP with (NP terms and syndicate manager )NP )PP , (SBAR as (S (VP compiled (PP by (NP Dow Jones Capital Markets Report )NP )PP )VP )S )SBAR )VP : )S  STOP
(NP (NP Washington )NP , (NP D.C. )NP -- )NP  STOP
(NP (NP (NP (NP (QP $ 200 million )QP )NP (PP of (NP general obligation tax revenue anticipation notes )NP )PP )NP , (NP Series 1990 )NP , )NP (ADJP due (NP Sept. 28 , 1990 )NP )ADJP . )NP  STOP
(S (NP (QP About $ 190 million )QP )NP (VP were (VP offered (PP through (NP Shearson Lehman Hutton Inc )NP )PP )VP )VP . )S  STOP
(S (NP Shearson )NP (VP is (VP offering (NP the notes )NP (PP as (NP (NP (ADJP (QP 6 3\/4 )QP % )ADJP securities )NP (VP priced (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC Morgan Securities Inc. )NP (VP is (VP offering (NP (NP the remaining (QP $ 10 million )QP )NP (PP of (NP notes )NP )PP )NP )VP )VP . )S  STOP
(S (NP The notes )NP (VP are (VP rated (S (ADJP *UNKC )ADJP )S (PP by (NP (NP Moody 's )NP Investors Service Inc )NP )PP )VP )VP . )S  STOP
(S (NP (NP Standard & Poor 's )NP Corp. )NP (VP has (NP them )NP (PP under (NP review )NP )PP )VP . )S  STOP
(NP Federal National Mortgage Association -- )NP  STOP
(NP (NP (NP (QP $ 400 million )QP )NP (PP of (NP Remic mortgage securities )NP )PP )NP (VP being (VP offered (PP in (NP 16 classes )NP )PP (PP by (NP Bear , Stearns & Co )NP )PP )VP )VP . )NP  STOP
(S (NP (NP The offering )NP , (NP Series *UNKN )NP , )NP (VP is (VP backed (PP by (NP Fannie Mae (ADJP 9 % )ADJP securities )NP )PP )VP )VP . )S  STOP
(S (NP The offering )NP (VP used (NP *UNK- pricing )NP )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP Fannie Mae )NP (VP issued (NP (NP (QP $ 400 million )QP )NP (PP of (NP Remic mortgage securities )NP )PP )NP (PP in (NP 12 classes )NP )PP (PP through (NP First Boston Corp )NP )PP )VP . )S  STOP
(S (NP (NP The offering )NP , (NP Series *UNKN )NP , )NP (VP is (VP backed (PP by (NP Fannie Mae (ADJP 9 % )ADJP securities )NP )PP )VP )VP . )S  STOP
(S (NP *UNKING details )NP (VP were n't (ADJP available )ADJP )VP . )S  STOP
(S (NP The two offerings )NP (VP (VP bring (NP (NP Fannie Mae 's )NP 1989 Remic issuance )NP (PP to (NP (QP $ 31 billion )QP )NP )PP )VP and (VP (NP (NP its total volume )NP )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (SBAR since (S (NP the program )NP (VP began (PP in (NP April 1987 )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(NP (NP *UNKC per *UNKC *UNKC *UNKC *UNKC )NP (PRN -LRB- (NP Italy )NP -RRB- )PRN -- )NP  STOP
(NP (NP (NP (QP $ 150 million )QP )NP (PP of (NP (ADJP 9 % )ADJP depository receipts )NP )PP )NP (ADJP due (NP Nov. 27 , 1994 )NP )ADJP , (VP priced (PP at (NP *UNKN )NP )PP (S (VP to (VP yield (NP (NP *UNKN % )NP (PP less (NP fees )NP )PP )NP )VP )VP )S )VP , (PP via (NP Bankers Trust International Ltd )NP )PP . )NP  STOP
(NP (NP Fees )NP (NP (QP 1 7\/8 )QP )NP . )NP  STOP
(NP (NP Mitsubishi Corp . Finance )NP (PRN -LRB- (NP Japanese parent )NP -RRB- )PRN -- )NP  STOP
(NP (NP (NP (QP $ 100 million )QP )NP (PP of (NP (ADJP 8 5\/8 % )ADJP bonds )NP )PP )NP (ADJP due (NP Nov. 1 , 1993 )NP )ADJP (VP priced (PP at (NP 101 1\/4 )NP )PP (S (VP to (VP yield (NP (NP *UNKN % )NP (ADVP annually )ADVP (PP less (NP full fees )NP )PP )NP )VP )VP )S )VP , (PP via (NP Yamaichi International (PRN -LRB- Europe -RRB- )PRN Ltd )NP )PP . )NP  STOP
(NP (NP Fees )NP (NP (QP 1 5\/8 )QP )NP . )NP  STOP
(NP (NP Indian Oil Corp . )NP (PRN -LRB- (NP India )NP -RRB- )PRN -- )NP  STOP
(NP (NP (NP (QP $ 200 million )QP )NP (PP of (NP *UNK- notes )NP )PP )NP (ADJP due (NP November 1994 )NP )ADJP , (VP (VP paying (NP (NP six-month London interbank offered rate )NP plus (NP *UNKN point )NP )NP )VP and (VP priced (PP at (NP par )NP )PP )VP )VP (PP via (NP Credit Suisse First Boston Ltd )NP )PP . )NP  STOP
(VP Guaranteed (PP by (NP India )NP )PP . )VP  STOP
(NP (NP Fees )NP (NP *UNKN )NP . )NP  STOP
(NP (NP Notes )NP (VP offered (PP at (NP (NP a fixed level )NP (PP of (NP *UNKN )NP )PP )NP )PP )VP . )NP  STOP
(NP (NP National *UNKC Bank PLC )NP (PRN -LRB- (NP U.K. )NP -RRB- )PRN -- )NP  STOP
(NP (NP (QP # 200 million )QP )NP (PP of (NP (NP *UNKED *UNK- notes )NP (VP priced (PP at (NP par )NP )PP (PP via (NP *UNKC Lynch International Ltd )NP )PP )VP )NP )PP . )NP  STOP
(S (NP *UNKC interest rate )NP (VP set (PP at (NP *UNKN point )NP )PP (PP over (NP three-month *UNKC )NP )PP )VP . )S  STOP
(S (NP *UNKC margins )NP (VP set (PP by (NP (NP agreement )NP (PP between (NP NatWest and Merrill )NP )PP )NP )PP )VP . )S  STOP
(S (SBAR If (S (NP no margin )NP (ADJP agreed )ADJP )S )SBAR , (NP there )NP (VP is (NP (NP a *UNK rate )NP (PP of (NP (NP (NP (NP *UNKC )NP plus (NP *UNKN point )NP )NP (PP in (NP years one to 15 )NP )PP )NP , and (NP (NP (NP *UNKC )NP plus (NP 1.25 point )NP )NP (ADVP thereafter )ADVP )NP )NP )PP )NP )VP . )S  STOP
(NP (NP *UNKC Electric Express *UNKC Co . )NP (PRN -LRB- (NP Japan )NP -RRB- )PRN -- )NP  STOP
(NP (NP (NP (QP $ 150 million )QP )NP (PP of (NP bonds )NP )PP )NP (ADJP due (NP Nov. 9 , 1993 )NP )ADJP , (PP with (NP equity-purchase warrants )NP )PP , (VP indicating (NP (NP a (ADJP 4 % )ADJP coupon )NP (PP at (NP par )NP )PP )NP )VP (PP via (NP Yamaichi International (PRN -LRB- Europe -RRB- )PRN Ltd )NP )PP . )NP  STOP
(S (NP Each (ADJP $ 5,000 )ADJP bond )NP (VP carries (NP (NP one warrant )NP , (ADJP exercisable (PP (PP from (NP Dec. 1 , 1989 , )NP )PP (PP through (NP Nov. 2 , 1993 )NP )PP )PP )ADJP , (S (VP to (VP buy (NP company shares )NP (PP at (NP (NP an expected premium )NP (PP of (NP (QP 2 1\/2 )QP % )NP )PP (PP to (NP (NP the closing share price )NP (SBAR (WHADVP when )WHADVP (S (NP terms )NP (VP are (VP fixed (NP Oct. 24 )NP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )NP )VP . )S  STOP
(NP (NP *UNKC Co . )NP (PRN -LRB- (NP Japan )NP -RRB- )PRN -- )NP  STOP
(NP (NP (NP (QP 110 million )QP Swiss francs )NP (PP of (NP (ADJP privately placed )ADJP convertible notes )NP )PP )NP (ADJP due (NP March 31 , 1994 )NP )ADJP , (PP with (NP an indicated (ADJP 0.25 % )ADJP coupon )NP )PP (PP at (NP par )NP )PP , (PP via (NP Bank *UNKC Ltd )NP )PP . )NP  STOP
(NP (NP (NP Put option )NP (PP on (NP March 31 , 1992 )NP )PP , (PP at (NP an indicated 109 )NP )PP )NP (SBAR (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )SBAR . )NP  STOP
(FRAG (ADJP *UNKC (PP on (NP March 31 , 1992 )NP )PP , (PP at (NP 109 )NP )PP )ADJP , (VP (ADVP also )ADVP (VP beginning (NP Sept. 30 , 1992 )NP , (PP from (NP (QP 101 1\/2 )QP )NP )PP )VP and (VP declining (NP half a point )NP (ADVP *UNKLY )ADVP (PP to (NP par )NP )PP )VP )VP . )FRAG  STOP
(S (NP Each 50,000 Swiss franc note )NP (VP is (ADJP convertible (PP (PP from (NP Nov. 20 , 1989 )NP )PP , (PP to (NP March 17 , 1994 )NP )PP )PP )ADJP , (PP at (NP (NP an indicated (ADJP 5 % )ADJP premium )NP (PP over (NP (NP the closing share price )NP (NP (NP Oct. 25 )NP , (SBAR (WHADVP when )WHADVP (S (NP terms )NP (VP are (VP scheduled (S (VP to (VP be (VP fixed )VP )VP )VP )S )VP )VP )S )SBAR )NP )NP )PP )NP )PP )VP . )S  STOP
(NP (NP N. Nomura & Co . )NP (PRN -LRB- (NP Japan )NP -RRB- )PRN -- )NP  STOP
(NP (NP (NP (QP 50 million )QP Swiss francs )NP (PP of (NP (ADJP privately placed )ADJP convertible notes )NP )PP )NP (ADJP due (NP March 31 , 1994 )NP )ADJP , (PP with (NP an indicated (ADJP 0.5 % )ADJP coupon )NP )PP (PP at (NP par )NP )PP , (PP via (NP Bank *UNKC *UNKC )NP )PP . )NP  STOP
(NP (NP (NP Put option )NP (PP on (NP March 31 , 1992 )NP )PP , (PP at (NP an indicated (QP *UNKN 1\/4 )QP )NP )PP )NP (SBAR (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )SBAR . )NP  STOP
(S (NP Each 50,000 Swiss franc note )NP (VP is (ADJP convertible (PP (PP from (NP Nov. 20 , 1989 )NP )PP , (PP to (NP March 17 , 1994 )NP )PP )PP )ADJP , (PP at (NP (NP a (ADJP 5 % )ADJP premium )NP (PP over (NP (NP the closing share price )NP (NP (NP Oct. 21 )NP , (SBAR (WHADVP when )WHADVP (S (NP terms )NP (VP are (VP scheduled (S (VP to (VP be (VP fixed )VP )VP )VP )S )VP )VP )S )SBAR )NP )NP )PP )NP )PP )VP . )S  STOP
(NP (NP *UNKC *UNKC . )NP (PRN -LRB- (NP Netherlands )NP -RRB- )PRN -- )NP  STOP
(NP (NP (NP (QP 250 million )QP Dutch guilders )NP (PP of (NP (ADJP (QP 7 3\/4 )QP % )ADJP bonds )NP )PP )NP (ADJP due (NP Nov. 15 , 1999 )NP )ADJP , (VP priced (PP at (NP (QP 101 1\/4 )QP )NP )PP (S (VP to (VP yield (NP (NP (NP *UNKN % )NP (PP at (NP issue price )NP )PP )NP and (NP (NP *UNKN % )NP (PP less (NP full fees )NP )PP )NP )NP )VP )VP )S )VP , (PP via (NP *UNKC Bank )NP )PP . )NP  STOP
(NP (NP Fees )NP (NP 2 )NP . )NP  STOP
(NP Continental Airlines -- )NP  STOP
(NP (NP (NP a *UNK- , (ADJP (QP $ 71 million )QP )ADJP issue )NP (PP of (NP secured equipment certificates )NP )PP )NP (VP priced (PP through (NP Drexel Burnham Lambert Inc )NP )PP )VP . )NP  STOP
(S (NP (NP The size )NP (PP of (NP the issue )NP )PP )NP (VP was (VP decreased (PP from (NP an (ADJP originally planned )ADJP (QP $ *UNKN million )QP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP (NP a planned two-part offering )NP (PP of (NP (NP (QP $ 58 million )QP )NP (PP in (NP unsecured notes )NP )PP )NP )PP )NP (VP was n't (VP offered )VP )VP . )S  STOP
(S (NP (NP The first part )NP , (VP consisting (PP of (NP (NP (QP $ 2.5 million )QP )NP (PP of (NP (NP (ADJP 11 1\/4 % )ADJP secured equipment certificates )NP (ADJP due (NP June 15 , 1990 )NP )ADJP )NP )PP )NP )PP )VP , )NP (VP was (VP priced (PP at (NP *UNKN )NP )PP (PP with (NP (NP a yield )NP (PP to (NP maturity )NP )PP (PP of (NP *UNKN % )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The second part )NP , (VP consisting (PP of (NP (NP (QP $ 28 million )QP )NP (PP of (NP (NP (ADJP 11 3\/4 % )ADJP secured equipment certificates )NP (ADJP due (NP June 15 , 1995 )NP )ADJP )NP )PP )NP )PP )VP , )NP (VP was (VP priced (PP at (NP *UNKN )NP )PP (PP with (NP (NP a yield )NP (PP to (NP maturity )NP )PP (PP of (NP *UNKN % )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The third part )NP , (VP consisting (PP of (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP (NP (ADJP 12 1\/8 % )ADJP secured equipment certificates )NP (ADJP due (NP April 15 , 1996 )NP )ADJP )NP )PP )NP )PP )VP , )NP (VP was (VP priced (PP at (NP *UNKN )NP )PP (PP with (NP (NP a yield )NP (PP to (NP maturity )NP )PP (PP of (NP *UNKN % )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The fourth part )NP , (VP consisting (PP of (NP (NP (QP $ 22 million )QP )NP (PP of (NP (NP (ADJP 12 1\/2 % )ADJP secured equipment certificates )NP (ADJP due (NP April 15 , 1999 )NP )ADJP )NP )PP )NP )PP )VP , )NP (VP was (VP priced (PP at (NP *UNKN )NP )PP (PP with (NP (NP a yield )NP (PP to (NP maturity )NP )PP (PP of (NP *UNKN % )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The issue )NP (VP was (VP (VP rated (S (ADJP *UNK- )ADJP )S (PP by (NP Moody 's )NP )PP )VP and (VP (ADJP *UNK- )ADJP (PP by (NP S&P )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP All parts )NP (PP of (NP the issue )NP )PP )NP (VP are (ADJP *UNK )ADJP (PP at (NP any time )NP )PP (PP at (NP par )NP )PP )VP . )S  STOP
(S (NP Continental Airlines )NP (VP is (NP (NP a unit )NP (PP of (NP Texas Air Corp )NP )PP )NP )VP . )S  STOP
(S (NP (NP (NP John V. *UNKC )NP , (NP an *UNK- publisher )NP , )NP and (NP (NP three *UNK- firms )NP (SBAR (S (NP he )NP (VP organized )VP )S )SBAR )NP )NP (VP were (VP *UNKED (PP from (S (VP violating (NP (NP the registration provisions )NP (PP of (NP (NP the securities laws )NP (VP governing (NP investment companies )NP )VP )NP )PP )NP )VP )S )PP )VP )VP . )S  STOP
(S (PP As (NP (NP part )NP (PP of (NP (NP an agreement )NP (SBAR (WHNP that )WHNP (S (VP settled (NP (NP charges )NP (VP brought (PP by (NP the Securities and Exchange Commission )NP )PP )VP )NP )VP )S )SBAR )NP )PP )NP )PP , (NP a *UNK )NP (VP was (ADVP also )ADVP (VP appointed (PP for (NP the three venture-capital firms )NP )PP )VP )VP . )S  STOP
(S (NP Mr. Holmes )NP (VP was (NP (NP the subject )NP (PP of (NP (NP a page one profile )NP (PP in (NP The Wall Street Journal )NP )PP )NP )PP )NP (PP in (NP 1984 )NP )PP , (SBAR after (S (NP the SEC )NP (VP questioned (NP him )NP (PP about (NP (NP ties )NP (PP between (NP (NP him )NP and (NP (NP companies )NP (SBAR (S (NP he )NP (VP *UNKED (PP in (NP a newsletter )NP )PP )VP )S )SBAR )NP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP 1986 )NP )PP , (PP in (NP (NP another consent agreement )NP (PP with (NP the SEC )NP )PP )NP )PP , (NP Mr. Holmes )NP (VP was (VP *UNKED (PP from (S (VP violating (NP (NP the (ADJP *UNK- and *UNK- )ADJP provisions )NP (PP of (NP the securities laws )NP )PP )NP )VP )S )PP )VP )VP . )S  STOP
(S (PP Without (NP (NP any admission or *UNK )NP (PP of (NP *UNK )NP )PP (PP by (NP Mr. Holmes )NP )PP )NP )PP , (NP that agreement )NP (VP settled (NP SEC charges (SBAR that (S (NP Mr. Holmes )NP (VP (VP sold (NP *UNKED securities )NP )VP and (VP *UNKED (NP investors )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (NP (NP charges )NP (VP filed (NP last week )NP (PP in (NP (NP federal district court )NP (PP in (NP (NP Charlotte )NP , (NP N.C. )NP , )NP )PP )NP )PP )VP )NP )PP (NP the SEC )NP (VP alleged (SBAR that (S (NP (NP (NP *UNKC *UNKC Inc. )NP , (NP Venture Finance Corp. )NP and (NP New *UNKC Fund Inc. )NP )NP , (NP (NP all )NP (PP of (NP Charlotte )NP )PP )NP , )NP (VP failed (ADVP repeatedly )ADVP (S (VP to (VP file (NP proper documents )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The SEC )NP (ADVP also )ADVP (VP charged (SBAR that (S (NP Mr. Holmes )NP (VP acted (PP as (NP (NP an officer or director )NP (PP of (NP New *UNKC )NP )PP )NP )PP , (PP in (NP (NP violation )NP (PP of (NP his previous consent agreement )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP Some companies )NP (VP were (ADJP *UNK )ADJP (PP in (NP (NP (NP filings )NP and (NP other actions )NP )NP , (SBAR (WHNP (NP all )NP (WHPP of (WHNP which )WHNP )WHPP )WHNP (S (VP cost (NP money )NP )VP )S )SBAR )NP )PP )VP )S , '' (NP Mr. Holmes )NP (VP said )VP . )S  STOP
(S (NP (NP (NP Two )NP (PP of (NP (NP Mr. Holmes 's )NP business associates )NP )PP (SBAR (WHNP who )WHNP (S (VP worked (PP for (NP Venture *UNKC )NP )PP )VP )S )SBAR )NP , (NP (NP *UNKLY Ann Smith )NP and (NP Frederick *UNKC )NP )NP , )NP (ADVP also )ADVP (VP *UNKED (S (VP to (VP being (VP *UNKED (PP from (NP (NP violations )NP (PP of (NP (NP registration provisions )NP (PP of (NP the securities laws )NP )PP )NP )PP )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP Ms. Smith )NP (ADVP also )ADVP (VP agreed (PP to (NP (NP a permanent injunction )NP (VP barring (NP her )NP (PP from (S (VP acting (PP as (NP (NP an (NX (NX officer )NX , (NX director )NX or (NX investment adviser )NX )NX )NP (PP of (NP any (NX (NX mutual fund )NX , (NX unit investment trust )NX or (NX *UNK- certificate company )NX )NX )NP )PP )NP )PP )VP )S )PP )VP )NP )PP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP and (NP Ms. Smith )NP )NP (VP could n't (VP be (VP reached (PP for (NP comment )NP )PP )VP )VP )VP . )S  STOP
(S (PP In (S (VP *UNKING (PP to (NP the *UNK )NP )PP )VP )S )PP , (NP (NP none )NP (PP of (NP the individuals or companies )NP )PP )NP (VP admitted or denied (NP the allegations )NP )VP . )S  STOP
(S (NP Senate Republicans )NP (VP have (VP settled (PP on (NP (NP a proposal )NP (SBAR (WHNP that )WHNP (S (VP would (VP cut (NP (NP the capital-gains tax )NP (PP for (NP individuals and corporations )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (PP At (NP the same time )NP )PP , (NP (NP a small group )NP (PP of (NP Senate Democrats )NP )PP )NP (VP (VP are (VP working (PP on (NP a similar plan )NP )PP )VP )VP and (VP may (VP introduce (NP it )NP (ADVP soon )ADVP )VP )VP )VP . )S  STOP
(S (NP (NP (NP Sen. Bob Packwood )NP (PRN -LRB- (NP R. )NP , (NP Ore. )NP -RRB- )PRN )NP , (NP (NP the lead sponsor )NP (PP of (NP the GOP proposal )NP )PP )NP , )NP (VP said (SBAR (S (NP he )NP (VP intends (S (VP (VP to (VP unveil (NP the plan )NP (NP today )NP )VP )VP and (VP to (VP offer (NP it )NP (PP as (NP (NP an amendment )NP (PP to (NP (SBAR (WHNP whatever legislation )WHNP (S (VP comes (ADVP along )ADVP )VP )S )SBAR , (ADVP particularly )ADVP (NP (NP (NP this month 's )NP bill )NP (SBAR (S (VP to (VP raise (NP the federal borrowing limit )NP )VP )VP )S )SBAR )NP )NP )PP )NP )PP )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP gave (NP *UNKN odds (SBAR that (S (NP (NP a capital-gains tax cut )NP (PP of (NP some sort )NP )PP )NP (VP would (VP be (VP approved (NP this year )NP , (SBAR though (S (NP it )NP (ADVP probably )ADVP (VP wo n't (VP be (VP included (PP in (NP the pending deficit-reduction bill )NP )PP )VP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP He )NP (VP added (SBAR that (S (NP he )NP (VP expects (S (VP to (VP talk (PP to (NP (NP the Democrats )NP (SBAR (WHNP who )WHNP (S (ADVP also )ADVP (VP wanted (S (VP to (S (VP cut (NP the gains tax )NP )VP )S )VP )S )VP )S )SBAR )NP )PP (PP about (S (VP *UNKING (NP a joint proposal )NP )VP )S )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP individuals )NP )PP , (NP the Packwood plan )NP (VP would (VP exclude (PP from (NP income )NP )PP (NP (NP 5 % )NP (PP of (NP (NP the gain )NP (PP from (NP (NP the sale )NP (PP of (NP (NP a capital asset )NP (VP held (PP for (NP (QP more than one )QP year )NP )PP )VP )NP )PP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP The exclusion )NP (VP would (VP rise (NP five percentage points )NP (PP for (NP (NP each year )NP (SBAR (S (NP the asset )NP (VP was (VP held )VP )VP )S )SBAR )NP )PP (SBAR until (S (NP it )NP (VP reached (NP (NP a maximum )NP (PP of (NP 35 % )NP )PP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The exclusion )NP (VP would (VP apply (PP to (NP (NP assets )NP (VP sold (PP after (NP Oct. 1 , 1989 )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (PP As (NP an alternative )NP )PP (PRN , (S (NP he )NP (VP said )VP )S , )PRN (NP taxpayers )NP (VP could (VP chose (S (VP to (VP reduce (NP their gains )NP (PP by (NP an inflation index )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (PP For (NP corporations )NP )PP , (NP (NP the top tax rate )NP (PP on (NP (NP the sale )NP (PP of (NP (NP assets )NP (VP held (PP for (NP (QP more than three )QP years )NP )PP )VP )NP )PP )NP )PP )NP (VP would (VP be (VP cut (PP to (NP 33 % )NP )PP (PP from (NP (NP the current top rate )NP (PP of (NP 34 % )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP That rate )NP (VP would (VP (ADVP gradually )ADVP decline (PP to (NP (QP as little as 29 )QP % )NP )PP (PP for (NP (NP corporate assets )NP (VP held (PP for (NP 15 years )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (NP The Packwood plan )NP (VP would (ADVP also )ADVP (VP include (NP (NP a proposal )NP , (VP designed (PP by (NP (NP Sen. William Roth )NP (PRN -LRB- (NP R. )NP , (NP Del. )NP -RRB- )PRN )NP )PP )VP , (SBAR (WHNP that )WHNP (S (VP would (VP expand and alter (NP (NP the deduction )NP (PP for (NP individual retirement accounts )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP The Roth plan )NP (VP would (VP create (NP (NP a new , *UNK- IRA )NP (SBAR (WHPP from (WHNP which )WHNP )WHPP (S (NP money )NP (VP could (VP be (VP withdrawn (ADVP tax-free )ADVP (UCP (PP (CONJP not only )CONJP (PP for (NP retirement )NP )PP , (CONJP but also )CONJP (PP for (NP (NP the purchase )NP (PP of (NP a first home )NP )PP )NP )PP )PP and (S (VP to (VP pay (NP (UCP education and medical )UCP expenses )NP )VP )VP )S )UCP )VP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP Current IRAs )NP (VP (VP could (VP be (VP rolled (ADVP over )ADVP (PP into (NP the new IRAs )NP )PP )VP )VP )VP but (VP would (VP be (ADJP subject (PP to (NP tax )NP )PP )ADJP )VP )VP )VP . )S  STOP
(S (PP For (NP their part )NP )PP , (NP (NP the group )NP (PP of (NP Democrats )NP )PP )NP (VP are (VP working (PP on (NP (NP a plan )NP (SBAR (WHNP that )WHNP , (S (PP like (NP the Packwood proposal )NP )PP , (VP would (VP grant (NP larger *UNK )NP (PP to (NP assets )NP )PP (ADVP the longer (SBAR (S (NP they )NP (VP were (VP held (PP by (NP individuals and companies )NP )PP )VP )VP )S )SBAR )ADVP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (ADJP *UNKLY acquired )ADJP assets )NP (VP would (VP get (NP (NP a bigger break )NP (PP than (NP (NP those )NP (VP (ADVP currently )ADVP held )VP )NP )PP )NP )VP )VP . )S  STOP
(S (NP An extra exclusion )NP (VP would (VP be (VP given (PP to (NP (NP *UNK- stock )NP (PP in (NP (NP (ADJP small and *UNK- )ADJP corporations )NP (VP (ADVP just )ADVP starting (PRT up )PRT )VP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP No one )NP (PP in (NP the Senate )NP )PP )NP (VP is (VP considering (NP (NP the capital-gains plan )NP (VP passed (PP by (NP the House )NP )PP )VP )NP )VP )VP . )S  STOP
(S (NP That plan )NP (VP would (VP provide (NP a (ADJP 30 % )ADJP exclusion )NP (PP to (NP (NP assets )NP (VP sold (PP over (NP (NP a (ADJP 2 1\/2-year )ADJP period )NP (VP ending (NP Dec. 31 , 1991 )NP )VP )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (PP After (NP then )NP )PP , (NP the House measure )NP (VP would (VP (VP boost (NP the tax rate )NP (PP to (NP 28 % )NP )PP )VP and (VP exclude (PP from (NP tax )NP )PP (NP (NP the gain )NP (ADJP *UNK (PP to (NP inflation )NP )PP )ADJP )NP )VP )VP )VP . )S  STOP
(S (NP Senators )NP (VP are (VP focusing (PP on (S (VP making (S (NP a capital-gains *UNK )NP (ADJP permanent )ADJP )S )VP )S )PP )VP )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP (NP Chairman Dan *UNKC )NP (PRN -LRB- (NP D. )NP , (NP Ill )NP . -RRB- )PRN (PP of (NP the House Ways and Means Committee )NP )PP )NP (VP said (SBAR (S (NP he )NP (VP did n't (VP want (S (NP (NP the capital-gains tax cut )NP or (NP (NP any other amendments )NP (VP attached (PP to (NP the pending bill )NP )PP )VP )NP )NP (VP raising (NP the federal borrowing limit )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The current debt limit )NP (VP expires (NP Oct. 31 )NP )VP . )S  STOP
(S (NP He )NP (ADVP also )ADVP (VP urged (NP House and Senate negotiators )NP (S (VP to (VP rid (NP the deficit-reduction bill )NP (PP of (NP (NP all provisions )NP (SBAR (WHNP that )WHNP (S (VP increase (NP the budget deficit )NP )VP )S )SBAR , (PP including (NP the *UNKED capital-gains provision )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP From (NP (NP a helicopter )NP (PP (NP (QP a thousand )QP feet )NP above (NP Oakland )NP )PP )NP )PP (PP after (NP (NP the *UNK- earthquake )NP (PP in (NP U.S. history )NP )PP )NP )PP , (NP (NP (NP a scene )NP (PP of (NP devastation )NP )PP )NP )NP (VP emerges : (NP (NP (NP a freeway )NP (VP *UNKED (PP into (NP a concrete *UNK )NP )PP )VP )NP , (NP (NP *UNK )NP (VP *UNKING (NP water )NP (PP into (NP *UNK- apartments )NP )PP )VP )NP , (NP abandoned autos )NP )NP )VP . )S  STOP
(S But (NP this quake )NP (VP was n't (NP (NP the big one )NP , (NP (NP the *UNK )NP (PP of (NP 1906 )NP )PP (SBAR (WHNP that )WHNP (S (VP has (VP been (VP feared (PP for (NP (ADJP so many )ADJP years )NP )PP )VP )VP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (PP Despite (NP (NP (NP the *UNK loss )NP (PP of (NP (QP more than 270 )QP lives )NP )PP )NP , and (NP (NP damage )NP (VP estimated (PP in (NP the billions )NP )PP )VP )NP )NP )PP , (NP (NP (NP most businesses )NP and (NP their plants and offices )NP )NP (PP in (NP the Bay area )NP )PP )NP (VP were n't (VP (ADVP greatly )ADVP affected )VP )VP . )S  STOP
(S (NP (NP The economic life )NP (PP of (NP the region )NP )PP )NP (VP is (VP expected (S (VP to (VP revive (PP in (NP a day (QP or two )QP )NP )PP )VP )VP )S , (SBAR although (S (NP some transportation problems )NP (VP may (VP last (NP weeks or months )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP A main factor )NP (VP *UNKING (NP more widespread damage )NP )VP )NP (VP was (NP (NP (NP the location )NP (PP of (NP (NP the quake 's )NP epicenter )NP )PP )NP -- (PP (PP (NP 20 miles )NP from (NP (NP the heart )NP (PP of (NP the Silicon Valley )NP )PP )NP )PP and (PP (NP (QP more than 50 )QP miles )NP from (NP (NP downtown San Francisco )NP and (NP Oakland )NP )NP )PP )PP )NP )VP . )S  STOP
(S (ADVP Also )ADVP , (NP (NP (NP the region 's )NP insistence )NP (PP on (NP strict building codes )NP )PP )NP (VP helped (S (VP prevent (NP wider damage )NP )VP )S )VP . )S  STOP
(S (NP (NP The tremendous energy )NP (PP of (NP the quake )NP )PP )NP (VP was (VP *UNKED (PP by (NP the distance )NP )PP , (SBAR so that (S (NP (NP (NP most parts )NP (PP of (NP the *UNK )NP )PP )NP and (NP the major cities )NP )NP (VP suffered (NP (NP (ADJP largely *UNK )ADJP damage )NP -- (NP (NP broken windows )NP , (NP falling brick and *UNK )NP , (NP *UNKED *UNK or *UNK )NP )NP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP Of (NP course )NP )PP , (NP the quake )NP (VP was (NP (NP the worst )NP (SBAR since (S (NP (NP the *UNK )NP (PP of (NP the computer era )NP )PP )NP (VP turned (NP Silicon Valley )NP (PP into (NP (NP (NP the nation 's )NP capital )NP (PP of (NP high technology )NP )PP )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP Like (NP other major American cities )NP )PP , (NP (NP the (ADJP San Francisco -- Oakland )ADJP area )NP )NP (VP owes (NP its current prosperity )NP (PP (PP (ADVP more )ADVP to (NP (NP its infrastructure )NP (PP of (NP (NP *UNK- *UNK )NP (VP linking (NP (NP thousands )NP (PP of (NP (NP computer terminals )NP and (NP *UNK )NP )NP )PP )NP )VP )NP )PP )NP )PP (PP than (PP to (NP (NP its location )NP (PP *UNK (NP (NP one )NP (PP of (NP (NP the world 's )NP great natural *UNK )NP )PP )NP )PP )NP )PP )PP )PP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP the tremors )NP (VP struck )VP )S )SBAR , (NP (NP the region 's )NP (ADJP largely *UNK )ADJP high-tech fabric )NP (VP held (PRT up )PRT (ADVP surprisingly well )ADVP (PP despite (NP (NP the devastation )NP (ADJP visible (PP from (NP the air )NP )PP )ADJP )NP )PP )VP . )S  STOP
(S (NP (NP Michael L. *UNKC )NP , (NP (NP vice president )NP (PP for (NP network technology )NP )PP (PP at (NP Pacific Bell Telephone Co. )NP )PP )NP , )NP (VP says (SBAR (S (NP (NP nearly all (NP the network 's )NP computer *UNK )NP , (SBAR (WHNP which )WHNP (S (VP move (NP (NP (NP thousands )NP (PP of (NP calls )NP )PP )NP (NP a minute )NP )NP (PP from (NP one location )NP )PP (PP to (NP another )NP )PP )VP )S )SBAR , )NP (VP changed (PP to (NP battery power )NP )PP (SBAR (WHADVP when )WHADVP (S (NP the city )NP (VP lost (NP power )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (S (NP The battery *UNK )NP (VP have (NP (NP enough power )NP (PP for (NP (QP only three )QP hours )NP )PP )NP )VP )S , but (S (NP that )NP (VP gave (NP emergency crews )NP (NP (NP time )NP (SBAR (S (VP to (VP turn (PRT on )PRT (NP (NP an emergency system )NP (SBAR (WHNP that )WHNP (S (VP runs (PP (ADVP primarily )ADVP on (NP *UNK fuel )NP )PP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP )S . )S  STOP
(S (PP Of (NP (NP (QP some 160 )QP *UNK )NP (PP in (NP (NP Pacific Bell 's )NP network )NP )PP )NP )PP , (NP (NP (QP only four )QP )NP )NP (VP went (ADVP down )ADVP )VP . )S  STOP
(S (NP (NP One )NP (PP of (NP those )NP )PP )NP (VP was (PP (PP in (NP (NP *UNKC )NP , (NP Calif. )NP , )NP )PP (PP near (NP (NP the earthquake 's )NP epicenter )NP )PP )PP )VP . )S  STOP
(S (NP Few telephone lines )NP (VP snapped )VP . )S  STOP
(S (NP That )NP (VP 's (SBAR because (S (NP the (ADJP widely used )ADJP *UNK- cable )NP (VP has (VP been (VP installed (ADVP underground )ADVP (PP with (NP (NP 25 extra feet )NP (PP of (NP cable )NP )PP (PP between (NP *UNK points )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The slack )NP (VP *UNK (NP (NP the pulling strain )NP (VP generated (PP by (NP an earthquake )NP )PP )VP )NP )VP . )S  STOP
(S (S (ADVP Nevertheless )ADVP , (NP phone service )NP (VP was (ADJP *UNK )ADJP )VP )S ; (S (NP many computer terminals )NP (VP remained (ADJP dark )ADJP )VP )S , and (S (PP by (NP late yesterday )NP )PP (NP (NP a third )NP (PP of (NP San Francisco )NP )PP )NP (VP remained (PP without (NP power )NP )PP )VP )S . )S  STOP
(S (S (NP (NP Business )NP (PP in (NP (NP the nation 's )NP *UNK- metropolitan region )NP )PP )NP (VP was (ADVP nearly )ADVP (VP *UNKED )VP )VP )S ; (S (NP (NP an estimated (QP one million )QP members )NP (PP of (NP the work force )NP )PP )NP (VP stayed (PP at (NP home )NP )PP )VP )S . )S  STOP
(S (NP The economic *UNK )NP (VP was (ADJP (ADJP as abrupt )ADJP (PP as (NP (NP the earthquake )NP (NP itself )NP )NP )PP )ADJP , (SBAR as (S (NP virtually all businesses )NP (VP shut (PRT down )PRT )VP )S )SBAR )VP . )S  STOP
(S (NP The (ADJP $ *UNK- )ADJP Bay area economy )NP (VP (VP represents (NP (NP *UNK- )NP (PP of (NP (NP the economy )NP (PP of (NP (NP the nation 's )NP (ADJP most *UNK )ADJP state )NP )PP )NP )PP )NP )VP and (VP accounts (PP for (NP (NP (NP 2 % )NP to (NP 3 % )NP )NP (PP of (NP (NP (NP the nation 's )NP total output )NP (PP of (NP goods and services )NP )PP )NP )PP )NP )PP )VP , (PP according (PP to (NP (NP the Center )NP (PP for (NP (NP *UNKING *UNKC )NP (PP of (NP the California *UNKC )NP )PP )NP )PP (PP in (NP Palo Alto )NP )PP )NP )PP )PP )VP . )S  STOP
(S (PP In (NP high-tech )NP )PP , (NP the Bay area )NP (VP accounts (PP for (NP (NP (NP 15 % )NP to (NP 20 % )NP )NP (PP of (NP the U.S. *UNKED industry )NP )PP )NP )PP )VP . )S  STOP
(SINV `` (S (NP This )NP (VP has (VP been (NP a major disruption )NP (PP for (NP the Bay area economy )NP )PP )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP the chief economist )NP (PP at (NP (NP the California Department )NP (PP of (NP Finance )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (ADVP Obviously )ADVP , (NP things )NP (VP are (VP going (S (VP to (VP have (S (VP to (VP go (PP on (NP hold )NP )PP (PP for (NP many companies )NP )PP )VP )VP )S )VP )VP )S )VP )VP . '' )S  STOP
(S (NP (NP The damage )NP (PP to (NP (NP the Bay area 's )NP *UNK )NP )PP )NP (VP could (VP cause (NP significant economic *UNK )NP )VP )VP . )S  STOP
(S (NP (NP (QP A quarter of a million )QP people )NP )NP (VP cross (NP the Bay Bridge )NP (NP every day )NP , (ADJP (ADJP far more )ADJP (PP than (NP (NP the 100,000 )NP (SBAR (WHNP that )WHNP (S (VP use (NP (NP the Bay Area *UNKC *UNKC system )NP (PRN -LRB- (NP BART )NP -RRB- )PRN -- (SBAR (WHNP which )WHNP (S (VP (VP was (VP working )VP )VP but (VP was n't (VP *UNKING (PP in (NP (NP the city 's )NP Financial District )NP )PP (NP yesterday afternoon )NP (SBAR because (S (S (NP electricity )NP (VP was (VP shut (PRT off )PRT )VP )VP )S and (S (NP the area )NP (VP was (VP being (VP *UNKED (PP for (NP gas *UNK )NP )PP )VP )VP )VP )S )S )SBAR )VP )VP )VP )S )SBAR )NP )VP )S )SBAR )NP )PP )ADJP )VP . )S  STOP
(S (NP (NP California state transportation officials )NP (VP interviewed (PP by (NP telephone )NP )PP )VP )NP (VP say (SBAR (S (NP they )NP (ADVP *UNK )ADVP (VP do n't (VP expect (NP (NP serious problems )NP (PP for (NP (NP *UNK )NP (PP (PP in )PP and (PP out (PP of )PP )PP (NP the Bay area )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP All major *UNK )NP (PP except (NP (NP (NP Interstate 880 )NP , (VP known (PP as (NP the *UNKC *UNKC )NP )PP )VP , )NP and (NP the Bay Bridge )NP )NP )PP )NP (VP were (ADJP open )ADJP (PP by (NP (NP 1 p.m. )NP (NP yesterday )NP )NP )PP )VP . )S  STOP
(S (NP Officials )NP (VP expect (NP (NP difficulty )NP (S (VP *UNKING (NP traffic )NP (PP through (NP downtown San Francisco )NP )PP )VP )S )NP )VP . )S  STOP
(S (NP The earthquake )NP (VP caused (S (NP many streets )NP (VP to (S (VP *UNK and crack )VP )S )VP )S , (S (VP making (S (NP them )NP (ADJP *UNK )ADJP )S )VP )S )VP . )S  STOP
(S (S (NP Other roads )NP (VP were (VP *UNKED (PP by (NP (NP collapsed buildings )NP and (NP damaged water and power lines )NP )NP )PP )VP )VP )S , (NP an emergency relief spokesman )NP (VP says )VP . )S  STOP
(S (NP San Francisco Mayor Art Agnos )NP (VP estimated (NP (NP the damage )NP (PP to (NP (NP his city )NP (ADVP alone )ADVP )NP )PP )NP (PP at (NP (QP $ 2 billion )QP )NP )PP )VP . )S  STOP
(S But (NP many )NP (VP predicted (SBAR that (S (NP the commercial disruption )NP (VP would (VP be (ADJP *UNKED )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Of (NP (NP the scores )NP (PP of (NP companies )NP )PP (VP *UNKED (PP by (NP this newspaper )NP )PP )VP )NP )PP , (NP few )NP (VP reported (NP (NP any damage )NP (SBAR (WHNP that )WHNP (S (NP they )NP (VP did n't (VP expect (S (VP to (VP have (S (VP *UNKED (PP within (NP a day (QP or two )QP )NP )PP )VP )S )VP )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP is (ADJP possible )ADJP , (PP of (NP course )NP )PP , (SBAR that (S (NP (NP some )NP (PP of (NP the (ADJP (ADVP most seriously )ADVP damaged )ADJP companies )NP )PP )NP (VP could n't (VP be (VP reached , (PP (ADVP particularly )ADVP in (NP (NP areas )NP (PP *UNK (NP the epicenter )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(SINV (ADJP Typical )ADJP , (ADVP perhaps )ADVP , (VP was )VP (NP (NP the situation )NP (PP at (NP (NP New United Motor Manufacturing Inc. )NP , (NP (NP the General Motors *UNKC joint-venture auto plant )NP (PP in (NP (NP *UNKC )NP , (ADVP (NP (QP about 35 )QP miles )NP south (PP of (NP Oakland )NP )PP )ADVP )NP )PP )NP )NP )PP )NP . )SINV  STOP
(S (S (NP (NP Ten )NP (PP of (NP (NP the plant 's )NP workers )NP )PP )NP (VP were (VP injured (SBAR (WHADVP when )WHADVP (S (NP the quake )NP (VP hit (PP (NP (QP about a )QP half-hour )NP into (NP the afternoon shift )NP )PP )VP )S )SBAR )VP )VP )S ; (S (NP seven )NP (VP were (VP *UNKED )VP )VP )S . )S  STOP
(S (S (S (NP (NP Metal *UNK )NP (PP on (NP the plant floor )NP )PP )NP (VP fell (ADVP over )ADVP )VP )S , and (S (NP water *UNK )NP (VP *UNKED )VP )S )S , (NP a spokeswoman )NP (VP says )VP . )S  STOP
(S (S (NP The plant )NP (VP was (VP *UNKED )VP )VP )S and (S (NP workers )NP (VP sent (ADVP home )ADVP )VP )S . )S  STOP
(S (S But (NP the plant )NP (VP was (ADJP able (S (VP to (VP resume (NP (NP limited production )NP (PP of (NP its (NX (NX Toyota *UNKC )NX and (NX *UNKC *UNKC )NX )NX )NP )PP )NP (PP by (NP (NP 6 a.m. )NP (NP yesterday )NP )NP )PP )VP )VP )S )ADJP )VP )S , and (S (NP *UNK )NP (VP was (NP (NP (QP only 7 )QP % )NP (PP of (NP the work force )NP )PP , (ADJP (QP about twice )QP normal )ADJP )NP )VP )S . )S  STOP
(S (NP (NP Computer maker Hewlett-Packard Co. )NP , (VP based (PP in (NP Palo Alto )NP )PP )VP , )NP (VP says (SBAR (S (NP (NP one )NP (PP of (NP its buildings )NP )PP )NP (VP sustained (NP severe damage )NP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP was (VP knocked (PP off (NP its foundation )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (S (NP Other buildings )NP (VP had (NP (NP broken glass )NP , (NP *UNKING light *UNK )NP and (NP broken *UNK )NP )NP )VP )S , (NP a *UNK )NP (VP says , (S (VP *UNKING (NP (NP the cost )NP (PP of (NP *UNK )NP )PP )NP `` (PP in (NP the millions )NP )PP )VP )S )VP . '' )S  STOP
(S (NP Most banks )NP (VP (VP were (ADJP closed )ADJP )VP but (VP were (VP expected (S (VP to (VP reopen (NP today )NP (SBAR with (S (NP few problems )NP (VP anticipated )VP )S )SBAR )VP )VP )S )VP )VP )VP . )S  STOP
(S (PP At (NP (NP the Federal Reserve Bank )NP (PP of (NP San Francisco )NP )PP )NP )PP , (NP Vice President Robert *UNKC )NP (VP says (SBAR (S (NP operations )NP (VP were `` (VP *UNKING (ADVP along )ADVP (PP as (ADJP usual )ADJP )PP '' (NP yesterday afternoon )NP )VP )VP )S )SBAR )VP . )S  STOP
(S ` (S (SBAR (WHADVP When )WHADVP (S (NP the quake )NP (VP hit )VP )S )SBAR , (NP we )NP (VP (VP turned (PRT on )PRT (NP our emergency *UNK )NP )VP and (VP brought (NP our computers )NP (PRT up )PRT )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP The Fed )NP (VP serves (PP as (NP a *UNK )NP )PP (PP for (NP banks )NP )PP , (S (VP (VP (VP taking (NP checks )NP (PP from (NP one bank )NP )PP )VP and (VP sending (NP them )NP (PP to (NP another )NP )PP )VP )VP , (NP (NP an operation )NP (SBAR (WHNP that )WHNP (S (NP it )NP (VP handled (ADVP smoothly )ADVP (NP Tuesday night )NP (PP after (NP the quake )NP )PP )VP )S )SBAR )NP )VP )S )VP . )S  STOP
(S `` (S (NP (NP The volume )NP (SBAR (S (NP we )NP (VP received (PP from (NP the banks )NP )PP )VP )S )SBAR )NP (VP was (ADJP (ADJP (NP a lot )NP lower )ADJP (PP than (ADJP usual )ADJP )PP )ADJP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (S (NP (NP A *UNK- plan )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP the Los Angeles Fed )NP (VP would (VP come (PP to (NP (NP San Francisco 's )NP aid )NP )PP )VP )VP )S )SBAR )NP (VP was n't (VP needed )VP )VP )S , (NP he )NP (VP adds )VP . )S  STOP
(S (NP (NP Most )NP (PP of (NP (NP the telephone problems )NP (PP in (NP the immediate aftermath )NP )PP )NP )PP )NP (VP stemmed (PP from (NP *UNK )NP )PP )VP . )S  STOP
(S (NP The telephone network )NP (ADVP simply )ADVP (VP could n't (VP handle (NP (NP the large number )NP (PP of (NP (NP people )NP (VP seeking (S (VP to (VP make (NP a call )NP (PP at (NP the same time )NP )PP )VP )VP )S )VP )NP )PP )NP )VP )VP . )S  STOP
(S (NP The volume )NP (VP resulted (PP in (NP (NP *UNK- delays )NP (SBAR (WHNP that )WHNP (S (VP were (ADJP (ADJP (ADJP as short )ADJP (PP as (NP 15 seconds )NP )PP )ADJP and (ADJP (ADJP as long )ADJP (PP as (NP five minutes )NP )PP )ADJP )ADJP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP puts (NP traffic volume )NP (PP at (NP (QP 10 to 50 times )QP normal )NP )PP )VP . )S  STOP
(S (NP (NP American Telephone & Telegraph Co. )NP , (NP MCI Communications Inc. )NP and (NP (NP United Telecommunications ' )NP U S *UNKC unit )NP )NP (VP were (VP blocking (NP (NP phone calls )NP (PP into (NP the Bay area )NP )PP )NP (S (VP to (VP *UNK (NP *UNK )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP The companies )NP (VP block (NP traffic )NP (SBAR much as (S (NP highway *UNK- )NP (VP are (VP blocked (SBAR (WHADVP when )WHADVP (S (NP traffic )NP (VP backs (PRT up )PRT )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP William E. *UNKING )NP , (NP (NP (NP Pacific Bell 's )NP vice president )NP (PP of (NP customer services )NP )PP (PP for (NP the Bay area )NP )PP )NP , )NP (VP says (SBAR (S (NP most long-distance companies )NP (VP were (VP blocking (NP (NP (QP about 50 )QP % )NP (PP of (NP all calls )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Pacific Telesis )NP (VP says (SBAR (S (NP its Pacific Bell unit )NP (ADVP also )ADVP (VP was (VP blocking (NP (NP (QP about 50 )QP % )NP (PP of (NP its calls )NP )PP )NP (ADVP *UNKLY )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Ironically )ADVP , (NP (NP the long-term effect )NP (PP of (NP the earthquake )NP )PP )NP (VP may (VP be (S (VP to (VP bolster (NP (NP (NP the Bay area 's )NP economic fortunes )NP and , (ADVP indeed )ADVP , (NP (NP the nation 's )NP gross national product )NP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP It )NP (VP may (ADVP also )ADVP (VP lead (PP to (NP (NP (NP new *UNK )NP (PP in (NP major construction projects )NP )PP )NP (PP such as (NP *UNK- highways )NP )PP )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP would (PP in (NP the near-term )NP )PP (VP give (NP a boost )NP (PP to (NP the San Francisco economy )NP )PP (SBAR because (S (NP there )NP (VP will (VP be (NP (NP an *UNK )NP (PP of (NP (NP people )NP (SBAR (S (VP to (VP help )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S , '' (VP says )VP (NP (NP *UNKC Burnham *UNKC )NP , (NP (NP a regional economist )NP (PP at (NP (NP *UNKC Hill )NP , (NP a (NAC Lexington , Mass. , )NAC forecasting firm )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP The construction industry )NP (VP is (ADJP sure (S (VP to (VP feel (NP increased demand )NP )VP )VP )S )ADJP )VP . )S  STOP
(SINV `` (S (NP There )NP (VP will (VP be (NP (NP (NP a big *UNK )NP (PP of (NP federal dollars )NP )PP )NP and (NP (NP gains )NP (PP in (NP (UCP state , federal and local )UCP employment )NP )PP )NP )NP )VP )VP )S , '' (NP Ms. *UNKC )NP (VP says )VP . )SINV  STOP
(SINV (VP *UNKC )VP (NP (NP *UNKC *UNKC )NP , (NP (NP an economist )NP (PP at (NP Georgia State University )NP )PP )NP , )NP `` (S (S (NP There )NP (VP 's (NP (NP nothing )NP (ADJP positive )ADJP (PP about (NP an earthquake )NP )PP )NP )VP )S , but (S (NP it )NP (VP will (ADVP probably )ADVP (VP generate (NP more construction activity )NP )VP )VP )S )S . '' )SINV  STOP
(S (NP Wall Street )NP (VP reacted (ADVP swiftly )ADVP (NP yesterday )NP (PP to (NP the disaster )NP )PP (PP by (S (VP bidding (ADVP up )ADVP (NP (NP stocks )NP (PP of (NP (UCP construction and related )UCP companies )NP )PP )NP )VP )S )PP )VP . )S  STOP
(S (NP (NP Shares )NP (PP of (NP (NP Lone Star Industries Inc. )NP , (NP a cement maker )NP , )NP )PP )NP (VP rose (ADVP sharply )ADVP (PP in (NP (NP anticipation )NP (PP of (NP *UNK- demand )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP (NP Greenwich )NP , (NP Conn. )NP , )NP )PP (NP Lone Star spokesman Michael London )NP (VP says , (SBAR `` (S (ADVP Obviously )ADVP (PP with (NP (NP an earthquake )NP (PP of (NP this size )NP )PP )NP )PP , (NP there )NP (VP are (ADJP likely (S (VP to (VP be (NP (NP construction projects )NP (SBAR (WHNP that )WHNP (S (VP would n't (ADVP otherwise )ADVP (VP have (VP been (VP anticipated )VP )VP )VP )VP )S )SBAR )NP )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S But (NP any increase )NP (VP is n't (ADJP likely (S (VP to (VP be (NP (NP any kind )NP (PP of (NP a surge )NP )PP )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP It )NP (VP 's (NP (NP something )NP (ADJP likely (S (VP to (VP be (VP spread (ADVP out )ADVP (PP over (NP (NP a long period )NP (PP of (NP time )NP )PP )NP )PP )VP )VP )VP )S )ADJP )NP )VP . )S  STOP
(S (NP There )NP (VP will (VP be (NP (NP a lot )NP (PP of (NP repair work )NP )PP (SBAR (WHNP that )WHNP (S (VP wo n't (VP require (NP (NP the quantities )NP (PP of (NP cement or concrete )NP )PP (SBAR (WHNP that )WHNP (S (NP new *UNK )NP (VP would )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP )VP . '' )S  STOP
(S (NP (NP Lone Star 's )NP San Francisco facilities )NP (VP were n't (VP damaged (PP in (NP the quake )NP )PP )VP )VP . )S  STOP
(S (NP The earthquake )NP (VP (VP is (ADJP likely (S (VP to (VP reduce (NP GNP )NP (ADVP *UNKLY )ADVP (PP in (NP the near term )NP )PP )VP )VP )S )ADJP )VP and then (VP could (VP raise (NP it )NP (NP a bit )NP (SBAR as (S (NP *UNKING )NP (VP begins )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP The first effects )NP (VP are , (PP of (NP course )NP )PP , (ADJP negative )ADJP (SBAR as (S (S (NP work )NP (VP is (VP disrupted )VP )VP )S and (S (NP people )NP (VP (VP lose (NP income )NP )VP and (VP cut (NP spending )NP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (NP Corporate profits )NP (VP may (ADVP also )ADVP (VP *UNK (ADVP initially )ADVP )VP )VP . )S  STOP
(S (S (NP (NP Many )NP (PP of (NP the lost tourism dollars )NP )PP )NP (VP wo n't (VP be (VP recovered )VP )VP )VP )S ; (S (NP (NP many trips )NP (VP delayed )VP )NP (ADVP never )ADVP (VP take (NP place )NP )VP )S . )S  STOP
(S (ADVP *UNKLY )ADVP , (ADVP however )ADVP , (NP the ill effects )NP (VP are (ADJP likely (S (VP to (VP be (VP offset , (PP (ADVP at least )ADVP in (NP economic terms )NP )PP , (SBAR as (S (NP construction activity )NP (VP begins )VP )S )SBAR )VP )VP )VP )S )ADJP )VP . )S  STOP
(S (PP Because of (NP (NP the way )NP (SBAR (S (NP the government )NP (VP keeps (NP its books )NP )VP )S )SBAR )NP )PP , (NP (NP the damage )NP (PP to (NP the Bay Bridge )NP )PP , (ADJP however costly )ADJP , )NP (VP wo n't (VP be (VP counted (PP as (NP a minus )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP The money )NP (VP spent (PP on (NP repairs )NP )PP )VP )NP (VP will (VP be (VP counted (PP as (NP a plus )NP )PP )VP )VP )VP . )S  STOP
(SINV `` (S (NP (NP It )NP )NP (VP 's (ADJP very difficult )ADJP (S (VP to (VP model (NP (NP the long-term impact )NP (PP of (NP this )NP )PP )NP )VP )VP )S )VP )S , '' (VP says )VP (NP (NP Andrew Goldberg )NP , (SBAR (WHNP who )WHNP (S (VP studies (NP (NP the (ADJP *UNK- and *UNK- )ADJP aspects )NP (PP of (NP earthquakes )NP )PP )NP (PP at (NP (NP the Center )NP (PP for (NP Strategic International *UNKC )NP )PP (PP in (NP (NP Washington )NP , (NP *UNKC )NP )NP )PP )NP )PP )VP )S )SBAR )NP . )SINV  STOP
(S `` (NP You )NP (ADVP certainly )ADVP (VP can (VP say (SBAR (S (NP it )NP (VP 's (VP going (S (VP to (VP be (ADJP extremely severe )ADJP )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP We )NP (ADVP really )ADVP (VP are (VP talking (PP about (S (VP *UNKING (PRT down )PRT (NP a major American city )NP (PP (PP for (NP (NP a number )NP (PP of (NP days )NP )PP )NP )PP , (ADVP maybe )ADVP (PP for (NP a few weeks )NP )PP )PP )VP )S )PP )VP )VP . '' )S  STOP
(S (NP Mr. Goldberg )NP (VP says (SBAR (S (NP (NP the cost )NP (PP of (NP the earthquake )NP )PP )NP (VP (VP will (ADVP definitely )ADVP (VP top (NP (QP $ 1 billion )QP )NP )VP )VP and (VP could (VP reach (NP (QP $ 4 billion )QP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP He )NP (VP *UNK (SBAR that (S (NP early damage estimates )NP (VP are (ADVP often )ADVP (ADJP low )ADJP )VP )S )SBAR )VP )S ; (S (NP (NP the damage totals )NP (PP in (NP Hurricane Hugo )NP )PP )NP (VP increased (ADVP *UNK )ADVP (SBAR as (S (NP more information )NP (VP was (VP received )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP The earthquake damage )NP , (PP of (NP course )NP )PP , (VP would (VP have (VP been (ADJP far greater )ADJP (SBAR if (S (NP the epicenter )NP (VP had (VP been (PP in (NP downtown San Francisco )NP )PP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP (NP A direct hit )NP (PP on (NP a major city )NP )PP )NP (PRN , (S (NP Mr. Goldberg )NP (VP figures )VP )S , )PRN (VP would (VP cause (NP (NP (NP $ 20 billion )NP to (NP $ 40 billion )NP )NP (PP of (NP damage )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP Experts )NP (VP caution (SBAR that (S (NP it )NP (VP is (ADVP far too soon )ADVP (PP for (NP (NP *UNK estimates )NP (PP of (NP (NP the quake 's )NP total damage )NP )PP )NP )PP )VP )S )SBAR )VP )S , but (S (NP (NP it )NP )NP (VP 's (ADJP clear )ADJP (SBAR that (S (NP insurers )NP (VP are (ADJP likely (S (VP to (VP pay (PRT out )PRT (NP enormous sums )NP )VP )VP )S )ADJP )VP )S )SBAR )VP )S . )S  STOP
(S (NP (NP Jack *UNKC )NP , (NP (NP the chairman )NP (PP of (NP (NP (NP Fireman 's )NP Fund Corp. )NP , (SBAR (WHNP which )WHNP (S (VP is (VP based (PP in (NP (NP *UNKC )NP , (NP Calif. )NP , )NP )PP )VP )VP )S )SBAR )NP )PP )NP )NP (VP estimates (SBAR (S (NP (NP insured losses )NP (VP resulting (NP the earthquake )NP )VP )NP (VP could (VP total (NP (QP $ 2 billion )QP )NP )VP )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP (NP The impact )NP (PP on (NP the insurance industry )NP )PP )NP `` (VP will (VP be (ADJP (ADJP big and *UNK )ADJP , but (ADJP (ADJP less )ADJP (PP than (NP -LCB- Hurricane -RCB- Hugo )NP )PP )ADJP )ADJP )VP )VP )S , '' (VP says )VP (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP *UNKED (NP the Bay area )NP (PP by (NP car )NP )PP (NP yesterday afternoon )NP (S (VP to (VP get (NP (NP a sense )NP (PP of (NP (NP (NP the company 's )NP exposure )NP (PP to (NP the earthquake )NP )PP )NP )PP )NP )VP )VP )S )VP )S )SBAR )NP . )SINV  STOP
(S (NP Mr. *UNKC )NP (VP says (SBAR (S (S (NP (NP Fireman 's )NP Fund )NP (VP will (ADVP probably )ADVP (VP pay (NP (NP (NP hundreds )NP (PP of (NP millions )NP )PP )NP (PP in (NP primary claims )NP )PP )NP )VP )VP )S , but , (S (PP after (NP (NP taxes )NP and (NP (NP use )NP (PP of (NP its reinsurance lines )NP )PP )NP )NP )PP , (NP (NP (NP the company 's )NP *UNK charge )NP (PP against (NP earnings )NP )PP )NP (VP should n't (VP top (NP (QP $ 50 million )QP )NP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP was (ADJP able (S (VP to (VP assess (NP its damage liability )NP (ADVP quickly )ADVP (SBAR because (S (NP it )NP (VP has (NP (NP computerized *UNK )NP (PP of (NP Northern California )NP )PP (VP showing (NP (NP the exact locations )NP (PP of (NP (NP all the property )NP (SBAR (S (NP it )NP (VP *UNK )VP )S )SBAR )NP )PP )NP )VP )NP )VP )S )SBAR )VP )VP )S )ADJP )VP . )S  STOP
(S (NP (NP Fireman 's )NP Fund )NP (VP (VP had (NP claims adjusters )NP (PP on (NP (NP the streets )NP (PP of (NP San Francisco )NP )PP )NP )PP (PP (ADVP right )ADVP after (NP (NP *UNK )NP (NP yesterday )NP )NP )PP )VP and (VP was (VP paying (NP (NP as many claims )NP (SBAR as (S (NP it )NP (VP could )VP )S )SBAR )NP (PP (ADVP right )ADVP on (NP the spot )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP Fireman 's )NP Fund )NP (VP *UNK (NP (NP (NP *UNKN homes and autos )NP and (NP 35,000 businesses )NP )NP (PP in (NP the Bay area )NP )PP )NP )VP . )S  STOP
(S (PP In (NP (NP addition )NP (PP to (S (VP paying (PP for (NP earthquake and fire damage )NP )PP )VP )S )PP )NP )PP , (NP the insurer )NP (VP must (VP cover (NP (NP *UNK- claims )NP and (ADVP also )ADVP (NP (NP losses )NP (ADJP due (PP to (S (NP businesses )NP (VP being (VP shut (ADVP down )ADVP (PP by (NP (NP lack )NP (PP of (NP (NP power )NP or (NP phone service )NP )NP )PP )NP )PP )VP )VP )S )PP )ADJP )NP )NP )VP )VP . )S  STOP
(S But (NP many Californians )NP (VP may not (VP have (NP (NP adequate insurance coverage )NP (SBAR (S (VP to (VP pay (PP for (NP (NP damages )NP (PP to (NP their property )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP The Independent Insurance *UNKC )NP (PP of (NP America )NP )PP )NP (VP says (SBAR (S (NP (QP fewer than one of every five )QP California homeowners )NP (VP has (NP earthquake insurance )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP A (ADJP somewhat higher )ADJP percentage )NP (PP of (NP (NP people )NP (VP living (PP in (NP the Bay area )NP )PP )VP )NP )PP )NP (VP have (VP bought (NP the additional insurance protection )NP )VP )VP )S , but (S (NP the great majority )NP (VP are n't (VP covered )VP )VP )S . )S  STOP
(S (NP *UNKC insurance )NP (ADVP typically )ADVP (VP runs (NP (NP (QP $ 200 or more )QP )NP (NP a year )NP )NP (PP for (NP a small house )NP )PP )VP . )S  STOP
(S (SBAR (WHNP Whatever )WHNP (FRAG (NP the long-term economic effect )NP )FRAG )SBAR , (NP (NP the scene )NP (PP from (NP (NP the helicopter )NP (PP above (NP Oakland )NP )PP )NP )PP )NP (VP is (NP (NP one )NP (PP of (NP *UNK )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC sections )NP (PP of (NP a *UNK- freeway )NP )PP )NP (VP have (VP been (VP *UNKED (PRT about )PRT (PP like (NP plastic building blocks )NP )PP )VP )VP )VP . )S  STOP
(SINV (PP *UNKC (NP them )NP )PP (VP sit )VP (NP (NP cars and trucks )NP (VP abandoned (PP in (NP (NP a *UNKING *UNK (S (VP to (VP safety )VP )VP )S )NP (NP the day before )NP )NP )PP )VP )NP . )SINV  STOP
(SINV (PP In (NP (NP areas )NP (SBAR (WHADVP where )WHADVP (S (NP the freeway )NP (VP made (NP giant concrete *UNK )NP (PP of (NP itself )NP )PP )VP )S )SBAR )NP )PP (VP lie )VP (NP (NP cars )NP (SBAR (WHNP that )WHNP (S (NP police )NP (VP say (SBAR (S (VP have (VP been (VP *UNKED (PP into (NP *UNK- *UNK )NP )PP )VP )VP )VP )S )SBAR )VP )S )SBAR )NP . )SINV  STOP
(S (PP On (NP the *UNK )NP )PP , (NP rescue workers )NP (VP seem , (PP from (NP the air )NP )PP , (S (VP to (VP move (PP in (NP slow motion )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP They )NP (VP *UNK (ADVP away )ADVP (PP at (NP (NP the (ADJP 1 *UNK- )ADJP section )NP (PP of (NP rubble )NP )PP )NP )PP , (S (VP searching (PP for (NP (NP more )NP (PP of (NP (NP the 250 people )NP (VP thought (S (VP to (VP have (VP died (ADVP here )ADVP )VP )VP )VP )S )VP )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (NP (QP About 20 )QP other deaths )NP (VP were (ADVP also )ADVP (VP attributed (PP to (NP the earthquake )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP (NP The heart )NP (PP of (NP the earthquake )NP )PP )NP , (NP (NP 6.9 )NP (PP on (NP the Richter scale )NP )PP )NP , )NP (VP was (NP (NP 50 miles )NP (PP to (NP the south )NP )PP )NP , (PP near (NP Santa *UNKC )NP )PP , )VP )S but (S (NP its terrible *UNK )NP (VP struck (ADVP here )ADVP (PP on (NP (NP the *UNKC Freeway )NP , (NP (NP a major artery )NP (VP serving (NP (NP the Bay Bridge )NP (PP between (NP (NP Oakland )NP and (NP San Francisco )NP )NP )PP )NP )VP )NP )NP )PP )VP )S . )S  STOP
(S (PP Along (NP the way )NP )PP , (NP the quake )NP (VP (VP *UNKED (NP (NP a mall )NP (PP in (NP Santa *UNKC )NP )PP )NP )VP , (VP knocked (PRT down )PRT (NP (NP buildings )NP (PP in (NP (NP San Francisco 's )NP fashionable Marina District )NP )PP )NP )VP and (VP sent (S (NP (NP a wall )NP (PP of (NP bricks )NP )PP )NP (VP *UNKING (PP on (NP (NP *UNK )NP (PP in (NP (NP the city 's )NP Financial District )NP )PP )NP )PP )VP )S )VP )VP . )S  STOP
(S (S (PP (NP Just a short *UNK )NP across (NP the bay )NP )PP (PP to (NP the *UNK )NP )PP , (NP the quake )NP (ADVP also )ADVP (VP showed (NP its *UNK )NP )VP )S : (S (NP (NP A *UNK- area )NP (PP of (NP the Marina District )NP )PP )NP (VP lies (S (VP *UNKING )VP )S (PP under (NP (NP a steady stream )NP (PP of (NP *UNK )NP )PP (VP being (VP *UNKED (PP onto (NP rubble )NP )PP (S (VP to (VP prevent (NP it )NP (PP from (S (VP *UNKING (ADVP *UNK )ADVP )VP )S )PP )VP )VP )S )VP )VP )NP )PP )VP )S . )S  STOP
(S (NP (NP (NP Many )NP (PP of (NP the buildings )NP )PP )NP , (NP mostly *UNK and apartments )NP , )NP (VP were (VP *UNKED (ADVP almost *UNKLY )ADVP (SBAR as (S (NP (NP the underlying soil )NP (PRN -- (NP (NP (NP much )NP (PP of (NP it )NP )PP )NP (NP *UNK )NP )NP -- )PRN )NP (VP was (ADVP literally )ADVP (VP turned (PP to (NP *UNK )NP )PP (PP by (NP (NP the quake 's )NP intensive shaking )NP )PP , (S (VP *UNKING (NP gas lines )NP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP say (SBAR (S (NP three *UNK )NP (VP died (SBAR (WHADVP when )WHADVP (S (NP (NP one )NP (PP of (NP the buildings )NP )PP )NP (VP exploded (PP into (NP a *UNK )NP )PP (SBAR (ADVP shortly )ADVP after (S (NP the quake )NP (VP struck )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC (S (VP to (VP fight (NP the *UNK )NP )VP )VP )S )NP (VP were (VP hampered (SBAR because (S (NP water *UNK )NP (VP were (VP *UNKED (ADVP as well )ADVP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP From (NP the air )NP )PP , (NP (NP *UNK )NP (PP of (NP *UNK fire *UNK )NP )PP )NP (VP carry (NP water )NP (PP from (NP the bay )NP )PP (PP to (NP (NP *UNK- *UNK )NP (VP *UNKED (PP on (NP the site )NP )PP )VP )NP )PP )VP . )S  STOP
(S (SBAR As (S (NP *UNK )NP (VP stand (PP behind (NP *UNK )NP )PP )VP )S )SBAR , (NP *UNKED (NX (NX *UNK )NX and (NX building *UNK )NX )NX )NP (VP survey (NP (NP *UNK )NP (PP of (NP (NP nearby buildings )NP (SBAR (WHNP that )WHNP (S (VP (VP were (VP *UNKED (PP from (NP their foundations )NP )PP )VP )VP and (VP seem (PP on (NP (NP the *UNK )NP (PP of (NP collapse )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (PP In (NP the Marina District )NP )PP , (NP residents )NP (VP spent (NP yesterday )NP (S (VP (VP *UNKING (NP damage )NP )VP , (VP cleaning (PRT up )PRT )VP and (VP trying (S (VP to (VP find (NP friends and neighbors )NP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (ADJP (NP 85 years )NP old )ADJP , )NP (VP has (VP lived (PP in (NP the district )NP )PP (NP (NP most )NP (PP of (NP her life )NP )PP )NP )VP )VP . )S  STOP
(S (NP Her parents )NP (VP lost (NP everything )NP (PP in (NP the 1906 earthquake )NP )PP )VP . )S  STOP
(S `` (S (ADVP Now )ADVP , (NP we )NP (VP realize (SBAR (WHNP what )WHNP (S (NP our *UNK )NP (VP must (VP have (VP gone (PP through )PP )VP )VP )VP )S )SBAR )VP )S , '' (NP she )NP (VP says )VP . )S  STOP
(S `` (S (NP We )NP (ADVP always )ADVP (VP heard (PP about (NP the earthquake )NP )PP )VP )S , but (S (PP as (NP children )NP )PP (NP we )NP (VP did n't (ADVP always )ADVP (VP listen )VP )VP )S . )S  STOP
(S (NP *UNKC *UNKC )NP (VP is (NP (NP the (NX (NX *UNK *UNK )NX and (NX *UNK grand *UNK )NX )NX )NP (PP of (NP *UNKC )NP )PP )NP )VP . )S  STOP
(S (NP (NP An article )NP (PP in (NP (NP the World Business Report )NP (PP of (NP Sept. 22 editions )NP )PP )NP )PP )NP (VP (ADVP incorrectly )ADVP referred (PP to (NP (NP his father )NP , (NP Grand *UNKC *UNKC )NP , )NP )PP (PP as (NP the *UNK *UNK )NP )PP )VP . )S  STOP
(S (NP Resolution Funding Corp. )NP (VP plans (S (VP to (VP sell (NP (NP (QP $ 4.5 billion )QP )NP (PP of (NP 30-year bonds )NP )PP )NP (NP Wednesday )NP (PP in (NP (NP (NP the agency 's )NP first sale )NP (PP of (NP securities )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The new bonds )NP (VP will (VP (VP be (VP dated (S (NP Oct. 30 )NP )S )VP )VP and (VP mature (NP Oct. 15 , 2019 )NP )VP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP for (NP the bonds )NP )PP , (ADJP available (PP in (NP (NP minimum denominations )NP (PP of (NP $ 1,000 )NP )PP )NP )PP )ADJP , )NP (VP must (VP be (VP received (PP by (NP 1 p.m. EDT )NP )PP (NP Wednesday )NP (PP at (NP Federal Reserve banks )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP Refcorp )NP , (VP created (PP by (NP (NP the *UNK- law )NP (VP enacted (PP in (NP August )NP )PP )VP )NP )PP )VP , )NP (VP will (VP use (NP the proceeds )NP (S (VP to (VP (VP merge )VP or (VP sell (PRT off )PRT )VP (NP ailing savings-and-loan institutions )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Congress )NP (VP authorized (NP (NP (QP $ 50 billion )QP )NP (SBAR (S (VP to (VP be (VP borrowed )VP )VP )VP )S )SBAR )NP (S (VP to (VP pay (PP for (NP the thrift bailout )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP Of (NP that amount )NP )PP , (NP (NP (QP $ 20 billion )QP )NP )NP (VP has (ADVP already )ADVP (VP been (VP borrowed (PP by (NP the Treasury Department )NP )PP )VP )VP )VP . )S  STOP
(S (SBAR Unless (S (VP (ADVP otherwise )ADVP specified (PP in (NP a particular offer )NP )PP )VP )S )SBAR , (NP the bonds )NP (VP wo n't (VP be (ADJP subject (PP to (NP redemption )NP )PP )ADJP (ADVP prior (PP to (NP maturity )NP )PP )ADVP )VP )VP . )S  STOP
(S (NP (NP Interest payments )NP (PP on (NP the bonds )NP )PP )NP (VP will (VP be (ADJP payable )ADJP (ADVP *UNKLY )ADVP )VP )VP . )S  STOP
(S (NP The bonds )NP (VP are (ADJP subject (PP to (NP (NP federal taxation )NP )NP )PP )ADJP (PP in (NP the U.S. )NP )PP , (PP including (NP income taxes )NP )PP )VP . )S  STOP
(S (PP At (NP the (UCP state and local )UCP level )NP )PP , (NP the bonds )NP (VP are (ADJP (ADJP subject (PP to (NP (NP *UNK )NP and (NP estate , *UNK and gift taxes )NP )NP )PP )ADJP , but (ADJP exempt (PP from (NP (NP taxation )NP (PP as (PP to (NP principal and interest )NP )PP )PP )NP )PP )ADJP )ADJP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC & Co. )NP , (NP a *UNKC Co. unit )NP , )NP (VP is (VP launching (NP (NP a program )NP (SBAR (S (VP to (VP give (NP consumers )NP (NP (NP more information )NP (PP about (NP its drugs )NP )PP )NP (SBAR (WHADVP when )WHADVP (S (NP doctors )NP (VP *UNK (NP them )NP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (S (VP *UNKED (S (NP (NP *UNKC )NP (PP in (NP the *UNKC )NP )PP )NP )S )VP )S , (NP the program )NP (VP features (NP (NP fact sheets )NP (VP designed (S (VP to (VP be (ADJP easy (SBAR (S (VP to (VP understand )VP )VP )S )SBAR )ADJP )VP )VP )S )VP )NP )VP . )S  STOP
(S (NP The sheets )NP (VP (VP tell (SBAR (WHADVP how )WHADVP (S (NP the medicine )NP (VP works )VP )S )SBAR )VP , (VP describe (SBAR (WHADVP how )WHADVP (S (VP to (VP use (NP it )NP )VP )VP )S )SBAR )VP and (VP list (NP its possible side effects )NP )VP )VP . )S  STOP
(S (NP They )NP (VP (VP are (VP designed (S (VP to (VP be (VP given (PP to (NP patients )NP )PP (PP by (NP their doctors )NP )PP (SBAR (WHADVP when )WHADVP (S (NP the *UNK )NP (VP are (VP *UNKED )VP )VP )S )SBAR )VP )VP )VP )S )VP )VP and (VP include (NP (NP space )NP (SBAR for (S (NP the doctor )NP (VP to (S (VP write (NP special instructions )NP )VP )S )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP Searle )NP (VP will (VP give (NP *UNK )NP (NP (NP *UNK )NP (PP on (NP (NP the use )NP (PP of (NP prescription drugs )NP )PP )NP )PP (PP for (NP (NP distribution )NP (PP in (NP their stores )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP Consumer groups )NP (VP have (ADVP long )ADVP (VP *UNKED (SBAR that (S (NP (NP drug companies )NP and (NP doctors )NP )NP (VP make (S (NP more information )NP (ADJP available (PP to (NP patients )NP )PP )ADJP )S )VP )S )SBAR )VP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP believe (SBAR that (S (NP (NP every drug )NP (SBAR (WHNP that )WHNP (S (VP 's (VP marketed (PP to (NP a consumer )NP )PP )VP )VP )S )SBAR )NP (VP should (VP have (NP a consumer label )NP )VP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP Douglas *UNKC )NP (PP of (NP (NP the Public *UNKC Health Research Group )NP , (NP a Ralph *UNKC affiliate )NP )NP )PP )NP . )SINV  STOP
(S (NP Dr. *UNKC )NP (VP said (SBAR (S (NP Searle )NP (VP is `` (NP (NP the only company )NP (SBAR (S (NP I )NP (VP know )VP )S )SBAR (SBAR (WHNP that )WHNP (S (VP (ADVP voluntarily )ADVP '' will (VP make (S (NP consumer information )NP (ADJP available )ADJP )S )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (PP According (PP to (NP (NP federal officials )NP and (NP *UNK- studies )NP )NP )PP )PP , (NP (NP nearly half )NP (PP of (NP (NP the (ADJP 1.6 billion )ADJP *UNK )NP (VP filled (NP each year )NP )VP )NP )PP )NP (VP are n't (VP used (ADVP properly )ADVP , (S (VP meaning (SBAR that (S (S (NP money )NP (VP is (VP *UNKED (PP on (NP some *UNK )NP )PP )VP )VP )S and (S (NP patients )NP (VP are (VP *UNKED (PP of (NP (NP the benefits )NP (PP of (NP *UNK )NP )PP )NP )PP )VP )VP )S )S )SBAR )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP think (SBAR (S (NP (NP it )NP )NP (VP 's (ADJP very important )ADJP (S (VP to (VP provide (NP (NP as much information )NP (PP as (ADJP possible )ADJP )PP (PP on (NP (NP the drugs )NP (SBAR (S (NP consumers )NP (VP take )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP )S , '' (VP said )VP (NP Searle Chairman *UNKC *UNKC )NP . )SINV  STOP
(S (NP Bond prices )NP (VP *UNKED (NP yesterday )NP (SBAR as (S (NP investors )NP (VP (VP kept (NP close watch )NP (PP on (NP the stock market )NP )PP )VP and (VP worried (PP about (NP (NP a wave )NP (PP of (NP new supply )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Early yesterday )NP , (NP bonds )NP (VP rose (SBAR as (S (NP investors )NP (VP rushed (S (VP to (VP buy (NP Treasury securities )NP )VP )VP )S (PP on (NP the prospect (SBAR that (S (NP stocks )NP (VP would (VP *UNK (PP in (NP (NP the aftermath )NP (PP of (NP the massive California earthquake )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP example )NP )PP , (NP some securities analysts )NP (VP warned (SBAR that (S (NP (NP stocks )NP (PP of (NP (NP certain insurance companies )NP , (SBAR (WHNP which )WHNP (S (VP face (NP massive damage claims )NP )VP )S )SBAR , )NP )PP )NP (VP would (VP get (VP hit (ADVP hard )ADVP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S But (SBAR (WHADVP when )WHADVP (S (NP the Dow Jones Industrial Average )NP (VP rose (ADVP instead )ADVP )VP )S )SBAR , (NP bonds )NP (VP *UNKED (ADVP lower )ADVP )VP . )S  STOP
(SINV (S (SBAR With (S (NP stocks )NP (NP not a major focus )NP )S )SBAR , `` (NP we )NP (VP 're (VP waiting (PP for (NP the next *UNKING light )NP )PP )VP )VP )S , '' (VP said )VP (NP (NP Brian J. *UNKC )NP , (NP (NP chief economist )NP (PP at (NP Midland *UNKC Securities Inc )NP )PP )NP )NP . )SINV  STOP
(S `` (SBAR If (S (NP the stock market tremors )NP (VP are (PP behind (NP us )NP )PP )VP )S )SBAR , (ADVP then )ADVP (NP the bond market )NP (VP will (VP go (ADVP back (PP to (S (VP looking (PP at (NP (NP the next *UNK )NP (PP of (NP economic numbers )NP )PP )NP )PP (S (VP to (VP determine '' (SBAR (WHADVP where )WHADVP (S (NP interest rates )NP (VP are (VP heading )VP )VP )S )SBAR )VP )VP )S )VP )S )PP )ADVP )VP )VP . )S  STOP
(S (NP (NP (NP The Treasury 's )NP benchmark 30-year bond )NP , (SBAR (WHNP which )WHNP (S (VP jumped (NP (NP 3\/8 point )NP , or (NP (NP (QP about $ *UNKN )QP )NP (PP for (NP each (ADJP $ 1,000 )ADJP face amount )NP )PP )NP , )NP (PP during (NP (NP the first hour )NP (PP of (NP trading )NP )PP )NP )PP )VP )S )SBAR , )NP (VP ended (S (VP (ADVP little )ADVP changed )VP )S )VP . )S  STOP
(S (NP Interest rates )NP (VP (ADVP barely )ADVP *UNKED (PP from (NP (NP Tuesday 's )NP levels )NP )PP )VP . )S  STOP
(S (NP (NP Most junk bonds )NP , (SBAR (WHNP which )WHNP (S (VP have (VP been (VP battered (PP in (NP recent weeks )NP )PP )VP )VP )VP )S )SBAR , )NP (VP (VP continued (NP a slow *UNK )NP )VP and (VP ended (S (ADJP (ADJP unchanged )ADJP to (ADJP slightly higher )ADJP )ADJP )S )VP )VP . )S  STOP
(S But (NP some so-called high-quality junk issues )NP (VP fell (SBAR as (S (NP some mutual funds )NP (VP sold (NP their (ADJP most liquid )ADJP issues )NP (S (VP to (VP raise (NP cash )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP RJR Holdings Capital Corp. 's )NP (ADJP *UNKN % )ADJP bonds )NP (ADJP due (NP 2009 )NP )ADJP )NP (VP fell (NP one point )NP )VP . )S  STOP
(S (NP Other RJR issues )NP (VP fell (PP between (NP (NP 1\/2 point )NP and (NP (QP 1 1\/2 )QP point )NP )NP )PP )VP . )S  STOP
(S (PP In (NP (NP the latest sign )NP (PP of (SBAR (WHADJP how difficult )WHADJP (S (NP (NP it )NP )NP (VP is (S (VP to (VP place (NP certain junk bonds )NP )VP )VP )S )VP )S )SBAR )PP )NP )PP , (NP Continental Airlines )NP (VP said (SBAR (S (NP it )NP (VP was (VP forced (S (VP to (VP scale (PRT back )PRT (NP (NP the size )NP (PP of (NP its latest offering )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Continental )NP , (NP (NP a unit )NP (PP of (NP Texas Air Corp. )NP )PP )NP , )NP (VP slashed (NP (NP the size )NP (PP of (NP its note offering )NP )PP )NP (PP from (NP (QP $ 150 million )QP )NP )PP (PP to (NP (QP $ 71 million )QP )NP )PP )VP . )S  STOP
(S (NP The move )NP (VP had (VP been (ADJP widely expected )ADJP )VP )VP . )S  STOP
(S (PP In (NP the *UNK offering )NP )PP , (NP the company )NP (VP (VP sold (NP (NP a portion )NP (PP of (NP secured notes )NP )PP )NP )VP but (VP *UNKED (NP all the unsecured notes )NP )VP )VP . )S  STOP
(S (NP A Continental spokeswoman )NP (VP said (SBAR (S (NP the notes )NP (VP may (VP be (VP offered (PP at (NP a later date )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP This )NP (VP was not (NP a *UNK- deal )NP )VP )S , '' (NP she )NP (VP said )VP . )S  STOP
(S `` (NP I )NP (VP think (SBAR (S (NP this )NP (VP is (NP (NP a market )NP (SBAR (WHNP that )WHNP (S (VP required (NP (NP some level )NP (PP of (NP security )NP )PP )NP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP It )NP )NP (VP did not (VP make (NP sense )NP (S (VP to (VP offer (NP unsecured paper )NP (PP in (NP an *UNKING market )NP )PP )VP )VP )S )VP )VP . '' )S  STOP
(S (NP Investors )NP (VP have (VP been (VP *UNKING (PP for (NP weeks )NP )PP (PP about (NP (NP the market 's )NP ability (S (VP to (VP place (NP (NP the (QP $ 7 billion to $ 10 billion )QP )NP (PP of (NP (NP new junk bonds )NP (VP scheduled (S (VP to (VP be (VP sold (PP by (NP year end )NP )PP )VP )VP )VP )S )VP )NP )PP )NP )VP )VP )S )NP )PP )VP )VP )VP . )S  STOP
(S (NP *UNKLY troubles )NP (VP were (ADVP also )ADVP (PP on (NP (NP the minds )NP (PP of (NP (NP Treasury investors )NP )NP )PP )NP )PP (NP yesterday )NP , (SBAR (WHNP who )WHNP (S (VP worried (PP about (NP (NP the *UNK )NP (PP of (NP new government securities )NP )PP (VP coming (NP next week )NP )VP )NP )PP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP We )NP (VP 're (VP being (VP *UNKED (PP by (NP new Treasury and agency debt offerings )NP )PP )VP )VP )VP )S , '' (VP said )VP (NP (NP William Sullivan Jr. )NP , (NP (NP director )NP (PP of (NP money-market research )NP )PP (PP at (NP Dean Witter Reynolds Inc )NP )PP )NP )NP . )SINV  STOP
(S `` (NP The market )NP (VP is (ADJP concerned (PP about (NP its ability (S (VP to (VP underwrite (NP all this debt )NP (PP at (NP current levels )NP )PP )VP )VP )S )NP )PP )ADJP )VP . '' )S  STOP
(S (PP In (NP (NP addition )NP (PP to (NP (NP the (QP $ 15.6 billion )QP )NP (PP of (NP Treasury bills )NP )PP (SBAR (S (VP to (VP be (VP sold (PP at (NP (NP next week 's )NP regular Monday auction )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )PP , (NP the government )NP (VP will (VP sell (NP (NP (QP $ 10 billion )QP )NP (PP of (NP new two-year Treasury notes )NP )PP )NP )VP )VP . )S  STOP
(S And (NP Resolution Funding Corp. )NP (VP said (NP late yesterday )NP (SBAR that (S (NP it )NP (VP will (VP sell (NP (NP (QP $ 4.5 billion )QP )NP (PP of (NP 30-year bonds )NP )PP )NP (NP Wednesday )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Refcorp )NP (VP is (NP (NP the financing unit )NP (PP of (NP (NP Resolution Trust Corp. )NP , (NP (NP a new government agency )NP (VP created (S (VP to (VP rescue (NP (NP the nation 's )NP troubled thrifts )NP )VP )VP )S )VP )NP )NP )PP )NP )VP . )S  STOP
(S (NP Its securities )NP (VP have (VP been (VP dubbed (S `` (NP bailout bonds )NP '' )S (PP by (NP traders )NP )PP )VP )VP )VP . )S  STOP
(S (PP In (NP *UNKED trading )NP )PP , (NP the two-year Treasurys )NP (VP had (NP (NP a yield )NP (PP of (NP (QP about 7.88 )QP % )NP )PP )NP )VP . )S  STOP
(S (PP In (NP the municipal market )NP )PP , (NP all eyes )NP (VP were (PP on (NP California debt )NP )PP (SBAR as (S (NP investors )NP (VP tried (S (VP to (VP gauge (NP (NP the financial *UNK )NP (PP of (NP (NP Tuesday 's )NP earthquake )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S But (NP traders )NP (VP said (SBAR (S (NP the quake )NP (VP had (NP (NP only a minor impact )NP (PP on (NP (NP the trading )NP (PP of (NP California (UCP state and local )UCP municipal debt )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP There )NP (VP are (NP (NP certain bonds )NP (SBAR (S (NP traders )NP (VP refer (PP to )PP (PP as (NP ` earthquake ' bonds )NP )PP (SBAR because (S (NP the -LRB- issuers -RRB- )NP (VP are (PP on (NP (NP top )NP (PP of (NP the San *UNKC fault )NP )PP )NP )PP )VP )S )SBAR )VP )S )SBAR )NP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP editor )NP (PP of (NP (NP the California Municipal Bond *UNKC )NP , (NP (NP a newsletter )NP (PP for (NP investors )NP )PP )NP )NP )PP )NP )NP . )SINV  STOP
(S (SBAR Since (S (NP those bonds )NP (ADVP already )ADVP (VP pay (NP (NP a (ADJP slightly higher )ADJP yield )NP , (NP (NP an extra premium )NP (PP for (NP the earthquake risk )NP )PP )NP , )NP )VP )S )SBAR (NP they )NP (VP were n't (VP (ADVP *UNKLY )ADVP affected )VP )VP . )S  STOP
(S But (NP some bond market analysts )NP (VP said (SBAR (S (NP that )NP (VP could (VP (ADVP quickly )ADVP change (SBAR if (S (NP property casualty insurance companies )NP (VP *UNK (S (VP to (VP sell (NP (NP *UNK )NP (PP of (NP their municipal portfolios )NP )PP )NP (S (VP to (VP raise (NP (NP cash )NP (SBAR (S (VP to (VP pay (NP damage claims )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP Insurance companies )NP (VP will (VP foot (NP (NP a substantial amount )NP (PP of (NP the bill (S (VP to (VP *UNK (NP San Francisco )NP )VP )VP )S )NP )PP )NP )VP )VP )S , '' (VP said )VP (NP (NP Charles *UNKC )NP , (NP (NP chief economist )NP (PP at (NP Manufacturers Hanover Securities Corp )NP )PP )NP )NP . )SINV  STOP
(S (NP He )NP (ADVP also )ADVP (VP expects (S (NP (NP the performance )NP (PP of (NP municipals )NP )PP )NP (VP to (VP lag (NP Treasurys )NP (SBAR as (S (NP California )NP (VP is (VP forced (S (VP to (VP issue (NP new debt )NP )VP )VP (PP over (NP time )NP )PP (S (VP to (VP repair (NP public facilities )NP )VP )VP )S )S )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP (NP A report )NP (VP issued (NP late yesterday )NP (PP by (NP (NP Standard & Poor 's )NP Corp. )NP )PP )VP )NP (VP concluded (SBAR (S (NP the quake )NP (VP wo n't (VP cause `` (NP *UNK- credit deterioration )NP '' (PP for (NP (NP issuers )NP and (NP debt issues )NP )NP )PP (PP in (NP (NP the *UNK- area )NP (PP of (NP Northern California )NP )PP (VP affected (PP by (NP the quake )NP )PP )VP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(NP Treasury Securities )NP  STOP
(S (NP Treasury bonds )NP (VP ended (S (ADJP narrowly mixed )ADJP )S (PP in (NP quiet trading )NP )PP )VP . )S  STOP
(S (NP The benchmark 30-year bond )NP (VP ended (PP at (NP (NP a price )NP (PP of (NP (QP 100 *UNKN )QP )NP )PP (SBAR (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )SBAR )NP )PP , (PP compared (PP with (NP (NP (QP 100 *UNKN )QP )NP (SBAR (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )SBAR (NP Tuesday )NP )NP )PP )PP )VP . )S  STOP
(S (NP The latest 10-year notes )NP (VP were (VP quoted (ADVP late )ADVP (PP at (NP (NP a price )NP (PP of (NP (QP 99 *UNKN )QP )NP )PP (SBAR (S (VP to (VP yield (NP 8 % )NP )VP )VP )S )SBAR )NP )PP , (PP compared (PP with (NP (NP (QP 99 *UNKN )QP )NP (SBAR (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )SBAR )NP )PP )PP )VP )VP . )S  STOP
(S (NP Short-term rates )NP (VP were (VP (ADVP little )ADVP changed )VP )VP . )S  STOP
(NP Corporate Issues )NP  STOP
(S (NP *UNKC corporate bonds )NP (VP ended (S (ADJP (NP 1\/4 point )NP lower )ADJP )S )VP . )S  STOP
(S (NP (NP The Continental junk bond offering )NP , (VP underwritten (PP by (NP Drexel Burnham Lambert Inc. )NP )PP )VP , )NP (VP was (NP (NP the only new issue )NP (VP priced (NP yesterday )NP )VP )NP )VP . )S  STOP
(S (PP In (NP the *UNK- offering )NP )PP , (NP (NP the (QP $ 71 million )QP )NP (PP of (NP secured equipment certificates )NP )PP )NP (VP was (VP priced (S (VP to (VP yield (NP (NP *UNKN % )NP to (NP *UNKN % )NP )NP )VP )VP )S )VP )VP . )S  STOP
(NP *UNKC )NP  STOP
(S (NP Municipal bonds )NP (VP ended (S (ADJP (NP (QP about 1\/8 to 3\/8 )QP point )NP lower )ADJP )S , (S (VP hurt (PP by (NP (NP the circulation )NP (PP of (NP (NP two `` *UNKED '' lists )NP (VP totaling (NP (QP $ *UNKN million )QP )NP )VP )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (NP Chemical Securities Inc. )NP (VP is (VP acting (PP as (NP agent )NP )PP (PP for (NP the seller )NP )PP )VP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (S (NP some California issues )NP (VP were (ADVP down (ADJP (ADJP (NP a touch )NP more )ADJP (PP than (NP the broad market )NP )PP )ADJP )ADVP )VP )S , but (S (NP traders )NP (VP said (SBAR (S (NP there )NP (VP had n't (VP been (NP much investor selling )NP (PP because of (NP the quake )NP )PP )VP )VP )S )SBAR )VP )S . )S  STOP
(S But (NP New York City general obligation bonds )NP (VP came (PP under (NP selling pressure )NP )PP )VP . )S  STOP
(S (NP Traders )NP (VP said (SBAR (S (NP (NP a steady stream )NP (PP of (NP bonds )NP )PP )NP (VP was (VP put (ADVP up )ADVP (PP for (NP sale )NP )PP (NP yesterday )NP , (S (VP pushing (NP (NP yields )NP (PP for (NP longer maturities )NP )PP )NP (ADVP up (NP *UNKN percentage point )NP )ADVP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Traders )NP (VP said (SBAR (S (NP investors )NP (VP (VP were (VP reacting (PP to (NP (NP recent negative news )NP (PP on (NP (NP the city 's )NP finances )NP )PP )NP )PP )VP )VP and (VP are (ADJP nervous )ADJP (PP ahead (PP of (NP the Nov. 7 election )NP )PP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Washington )NP , (NP D.C. )NP , )NP (VP topped (NP the competitive slate )NP (NP yesterday )NP (PP with (NP (NP a sale )NP (PP of (NP (NP (QP $ 200 million )QP )NP (PP of (NP general obligation tax revenue anticipation notes )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP late trading )NP )PP , (NP (NP (NP New Jersey *UNKC Authority 's )NP (ADJP 7.20 % )ADJP issue )NP (PP of (NP *UNKN )NP )PP )NP (VP was (ADVP off (NP 1\/4 point )NP )ADVP (PP at (NP (NP 98 )NP (VP bid )VP )NP )PP )VP . )S  STOP
(S (NP The yield )NP (VP was (NP *UNKN % )NP , (ADVP up (NP *UNKN percentage point )NP )ADVP )VP . )S  STOP
(NP *UNKED Securities )NP  STOP
(S (NP Mortgage securities )NP (VP ended (S (ADJP little changed )ADJP )S (PP after (NP light dealings )NP )PP )VP . )S  STOP
(S (NP There )NP (VP was (NP (NP no *UNK market impact )NP (PP from (NP the California earthquake )NP )PP )NP )VP . )S  STOP
(S (S (NP Dealers )NP (VP said (SBAR (S (NP there )NP (VP was (NP some concern (SBAR that (S (NP insurance companies )NP (VP might (VP be (VP forced (S (VP to (VP sell (NP mortgage securities )NP (S (VP to (VP help (S (VP pay (NP *UNKED claims )NP )VP )S )VP )VP )S )VP )VP )S )VP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )S , but (S (NP no selling )NP (VP materialized )VP )S . )S  STOP
(S (NP (NP The (NX (NX Federal Home Loan Mortgage Corp. )NX and (NX Federal National Mortgage Association )NX )NX )NP , (NP (NP two dominant issuers )NP (PP of (NP mortgage securities )NP )PP )NP , )NP (VP have (NP (NP a sizable amount )NP (PP of (NP California home loans )NP )PP )NP (PP in (NP their *UNKED pools )NP )PP )VP . )S  STOP
(S But (NP their potential quake exposure )NP (VP is (VP seen (PP as (ADJP small )ADJP )PP (PP given (SBAR that (S (NP they )NP (VP require (NP a financial cushion )NP (PP on (NP (NP all the loans )NP (SBAR (S (NP they )NP (VP purchase )VP )S )SBAR )NP )PP )VP )S )SBAR )PP )VP )VP . )S  STOP
(S And (SBAR because (S (NP Northern California home prices )NP (VP are (ADJP so high )ADJP )VP )S )SBAR , (NP (NP loans )NP (PP from (NP the region )NP )PP )NP (ADVP often )ADVP (VP are (ADJP too large (SBAR (S (VP to (VP be (VP included (PP in (NP Freddie Mac and Fannie Mae pools )NP )PP )VP )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP Government National Mortgage Association (ADJP 9 % )ADJP securities )NP (PP for (NP November delivery )NP )PP )NP (VP ended (PP at (NP (QP 97 *UNKN )QP )NP )PP , (S (ADJP unchanged )ADJP )S )VP . )S  STOP
(S (NP Freddie Mac (ADJP 9 % )ADJP securities )NP (VP were (PP at (NP (QP 97 *UNKN )QP )NP )PP , (ADVP down (NP *UNKN )NP )ADVP )VP . )S  STOP
(S (PP In (NP derivative markets )NP )PP , (NP Fannie Mae )NP (VP issued (NP (NP two (ADJP (QP $ 400 million )QP )ADJP real estate mortgage investment *UNK )NP (VP backed (PP by (NP its (ADJP 9 % )ADJP securities )NP )PP )VP )NP )VP . )S  STOP
(NP Foreign Bonds )NP  STOP
(S (NP (NP British government bonds )NP , or (NP *UNK )NP , )NP (VP ended (S (ADJP moderately lower )ADJP )S (SBAR as (S (NP (NP equities )NP (ADVP there )ADVP )NP (VP recovered (PP from (NP (NP Tuesday 's )NP drop )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP The Treasury 's )NP (ADJP (QP 11 3\/4 )QP % )ADJP bond )NP (ADJP due (NP *UNKN )NP )ADJP )NP (VP fell (NP *UNKN )NP (PP to (NP (QP 111 *UNKN )QP )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S , (SBAR while (S (NP (NP the (ADJP 12 % )ADJP notes )NP (ADJP due (NP 1995 )NP )ADJP )NP (VP were (ADVP down (NP *UNKN )NP (PP to (NP (QP 103 *UNKN )QP )NP )PP )ADVP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Traders )NP (VP said (SBAR (S (NP today )NP (VP may (VP be (NP an anxious day )NP (PP for (NP the market )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Several key economic figures )NP (VP are (ADJP due (ADVP out )ADVP )ADJP )VP )S and (S (NP (NAC Chancellor (PP of (NP the Exchequer )NP )PP )NAC Nigel Lawson )NP (VP is (VP scheduled (S (VP to (VP give (NP the annual `` *UNKC House '' address )NP (PP to (NP the financial community )NP )PP )VP )VP )S )VP )VP )S . )S  STOP
(S (NP The chancellor )NP (ADVP sometimes )ADVP (VP has (VP used (NP the *UNK )NP (S (VP to (VP announce (NP major economic policy changes )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Economists )NP (VP do n't (VP expect (NP (NP any such changes )NP (PP in (NP (NP (NP this year 's )NP address )NP )NP )PP )NP , (PP given (NP (NP (NP Mr. Lawson 's )NP apparent reluctance (S (VP to (VP adjust (NP policy )NP )VP )VP )S )NP (ADVP currently )ADVP )NP )PP )VP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP Japanese government bonds )NP (VP retreated (PP in (NP quiet trading )NP )PP , (S (VP *UNKED (PP by (NP (NP the dollar 's )NP *UNK )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP (NP Japan 's )NP bellwether (ADJP 4.6 % )ADJP bond )NP (ADJP due (NP 1998 )NP )ADJP )NP (VP ended (PP on (NP (NP brokers ' )NP screens )NP )PP (PP at (NP (NP *UNKN )NP (SBAR (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP In (NP West Germany )NP )PP , (NP investors )NP (VP stayed (PP on (NP the sidelines )NP )PP (SBAR as (S (NP the bond market )NP (VP *UNKED (PP for (NP direction )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP The government 's )NP (ADJP 7 % )ADJP issue )NP (ADJP due (NP October 1999 )NP )ADJP )NP (VP fell (NP 0.05 point )NP (PP to (NP *UNKN )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP . )S  STOP
(S (NP The Berlin Wall )NP (ADVP still )ADVP (VP stands )VP . )S  STOP
(S But (NP (NP the man )NP (SBAR (WHNP who )WHNP (S (VP built (NP it )NP )VP )S )SBAR )NP (VP has (VP fallen )VP )VP . )S  STOP
(S (NP East Germany )NP (NP yesterday )NP (VP removed (NP (NP *UNKC Honecker )NP , (NP (NP one )NP (PP of (NP (NP the *UNK *UNK )NP (PP against (NP (NP the reform )NP (VP *UNKING (PP through (NP the Communist world )NP )PP )VP )NP )PP )NP )PP )NP , )NP (PP in (NP an effort (S (VP to (VP win (ADVP back )ADVP (NP (NP the confidence )NP (PP of (NP its (ADJP increasingly *UNK )ADJP citizens )NP )PP )NP )VP )VP )S )NP )PP )VP . )S  STOP
(S But (SBAR while (S (NP it )NP (VP was (NP (NP a move )NP (SBAR (WHNP that )WHNP (S (VP stunned (NP the East bloc )NP )VP )S )SBAR )NP )VP )S )SBAR , (NP it )NP (ADVP hardly )ADVP (VP *UNK (ADVP in )ADVP (NP (NP an era )NP (PP of (NP reform )NP )PP )NP -- (ADVP at least *UNK soon )ADVP )VP . )S  STOP
(S For (NP the Politburo )NP (VP replaced (NP (NP Mr. Honecker )NP , (SBAR (WHNP who )WHNP (S (VP had (VP (VP led (NP East Germany )NP (PP for (NP 18 years )NP )PP )VP and (VP (PP before (NP that )NP )PP headed (NP its security *UNK )NP )VP )VP )VP )S )SBAR , )NP (PP with (NP (NP (NP a man )NP (VP cut (PP of (NP the same *UNK )NP )PP )VP )NP : (NP (NP *UNKC Krenz )NP , (NP (NP the (ADJP most recent )ADJP *UNK- chief )NP and (NP a longtime Honecker *UNK )NP )NP )NP )NP )PP )VP . )S  STOP
(S (NP East Germany )NP (PRN , (S (NP it )NP (VP is (ADJP clear )ADJP )VP )S , )PRN (VP is (NP (NP no Poland )NP , (SBAR (WHADVP where )WHADVP (S (NP the Communist Party )NP (ADVP now )ADVP (VP shares (NP power )NP (PP with (NP the (ADJP *UNKLY elected )ADJP Solidarity union )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(SINV Nor is (NP it )NP (NP (NP a Hungary )NP , (SBAR (WHADVP where )WHADVP (S (NP yesterday )NP (NP the parliament )NP (VP approved (NP (NP constitutional changes )NP (VP meant (S (VP to (VP help (S (VP turn (NP the Communist nation )NP (PP into (NP a *UNK democracy )NP )PP )VP )S )VP )VP )S )VP )NP )VP )S )SBAR )NP . )SINV  STOP
(S (ADVP Still )ADVP , (NP (NP any change )NP (PP in (NP East Germany )NP )PP )NP (VP has (NP enormous implications )NP , (PP for (NP both East and West )NP )PP )VP . )S  STOP
(S (NP It )NP (VP raises (NP (NP the *UNKED hopes )NP (PP of (NP many Germans )NP )PP (PP for (NP (NP reunification )NP -- (NP (NP a prospect )NP (SBAR (WHNP that )WHNP (S (VP (ADVP almost equally )ADVP *UNK (NP (NP political leaders )NP (PP in (NP (NP Moscow )NP , (NP Washington )NP and (NP Western Europe )NP )NP )PP )NP )VP )S )SBAR )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Mr. Krenz )NP , (NP 52 )NP , )NP (VP was (VP named (S (NP the new party chief )NP )S (SBAR (NP just minutes )NP after (S (NP (NP the Party 's )NP *UNK- Central Committee )NP (VP *UNKED (PP in (NP East Berlin )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (SBAR Although (S (NP the (ADJP East German )ADJP news agency *UNKC )NP (VP claimed (SBAR (S (NP Mr. Honecker )NP (VP had (VP asked (S (VP to (VP be (VP relieved (PP of (NP his duties )NP )PP (PP for `` (NP health reasons )NP )PP )VP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR , '' (NP (ADJP West German )ADJP government sources )NP (VP said (SBAR (S (NP the *UNK- Politburo )NP (VP had (VP asked (PP for (NP his resignation )NP )PP (PP at (NP (NP a separate meeting )NP (NP late Tuesday )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S -LRB- (S (NP Mr. Honecker )NP (VP was (VP (ADVP twice )ADVP *UNKED (NP this summer )NP (PP for (NP a *UNK *UNK *UNK )NP )PP )VP )VP )S and (S (NP his physical condition )NP (VP has (VP been (NP (NP the subject )NP (PP of (NP (NP intense speculation )NP (PP in (NP the Western media )NP )PP )NP )PP )NP )VP )VP )S . -RRB- )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP (NP Mr. Honecker )NP , (NP (NP a *UNK- *UNKC )NP (SBAR (WHNP who )WHNP (S (PP in (NP *UNKN )NP )PP (VP *UNKED (NP (NP the construction )NP (PP of (NP the Berlin Wall )NP )PP )NP )VP )S )SBAR )NP , )NP (ADVP also )ADVP (VP was (VP relieved (PP of (NP (NP (NP his title )NP (PP as (NP (NP head )NP (PP of (NP state )NP )PP )NP )PP )NP and (NP (NP his position )NP (PP as (NP (NP chief )NP (PP of (NP the military )NP )PP )NP )PP )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Krenz )NP (VP is (VP expected (S (VP to (VP be (VP (ADVP formally )ADVP named (PP to (NP all three positions )NP )PP (SBAR once (S (NP (NP the nation 's )NP parliament )NP (VP *UNK (NP later this week )NP )VP )S )SBAR )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Mr. Honecker 's )NP *UNK fall )NP (VP *UNK (NP (NP nearly two decades )NP (PP of (NP *UNKED leadership )NP )PP (SBAR (WHPP during (WHNP which )WHNP )WHPP (S (NP (NP Mr. Honecker )NP , (ADJP now (NP 77 years )NP old )ADJP , )NP (VP built (NP East Germany )NP (PP into (NP (NP the (ADJP most economically advanced )ADJP nation )NP (PP in (NP the Soviet bloc )NP )PP )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP His grip )NP (PP on (NP power )NP )PP )NP (VP *UNKED (NP this summer )NP (SBAR as (S (NP (NP (NP thousands )NP (PP of (NP his *UNK )NP )PP )NP , (VP *UNKED (PP by (NP (NP the *UNK )NP (PP of (NP his rule )NP )PP )NP )PP )VP , )NP (VP fled (PP to (NP the West )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC more )NP (VP have (VP taken (PP to (NP the streets )NP )PP (PP in (NP the last month )NP )PP (PP in (NP (NP (NP East Germany 's )NP largest wave )NP (PP of (NP domestic unrest )NP )PP (PP since (NP (NP (NP a workers ' )NP *UNKING )NP (PP in (NP *UNKN )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP Washington )NP )PP , (NP the Bush administration )NP (VP took (NP (NP a (ADJP *UNKLY cautious and skeptical )ADJP view )NP (PP of (NP the leadership change )NP )PP )NP )VP . )S  STOP
(S (NP The official line )NP (VP was (S (VP to (VP offer (NP *UNK ties )NP (PP to (NP Mr. Krenz )NP )PP , (PP provided (SBAR (S (NP he )NP (VP is (ADJP willing (S (VP to (VP institute (NP reforms )NP )VP )VP )S )ADJP )VP )S )SBAR )PP )VP )VP )S )VP . )S  STOP
(S But (NP U.S. officials )NP (VP have (NP strong doubts (SBAR that (S (NP he )NP (VP is (NP a *UNK )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP President Bush )NP (VP told (NP reporters )NP : `` (S (SBAR Whether (S (NP (NP that )NP (PRN -LCB- (NP the leadership change )NP -RCB- )PRN )NP (VP reflects (NP (NP a change )NP (PP in (NP *UNKC relations )NP )PP )NP )VP )S )SBAR , (NP I )NP (VP do n't (VP think (ADVP so )ADVP )VP )VP )S )VP . )S  STOP
(SBAR Because (S (NP Mr. Krenz )NP (VP has (VP been (PP (ADVP very much )ADVP in (NP (NP accord )NP (PP with (NP (NP the policies )NP (PP of (NP Honecker )NP )PP )NP )PP )NP )PP )VP )VP )S . '' )SBAR  STOP
(S (NP (NP One top U.S. expert )NP (PP on (NP East Germany )NP )PP )NP (VP added : `` (S (NP There )NP (VP is (NP (NP no *UNK- champion )NP (PP of (NP reform )NP )PP , (SBAR (WHNP that )WHNP (S (NP we )NP (VP know (PP of )PP )VP )S )SBAR , (PP in (NP the (ADJP East German )ADJP leadership )NP )PP )NP )VP )S )VP . '' )S  STOP
(S (ADVP Indeed )ADVP , (NP Mr. Krenz )NP (VP said (PP on (NP (ADJP East German )ADJP television )NP )PP (NP last night )NP (SBAR that (S (NP there )NP (VP will (VP be (NP (NP no *UNKING )NP (PP of (NP power )NP )PP (PP with (NP pro-democracy groups )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said , (SBAR (S (SBAR while (S (NP dialogue )NP (VP is (ADJP important )ADJP )VP )S )SBAR , (NP (NP enough *UNK )NP )NP (ADVP already )ADVP (VP exist `` (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP different interests )NP '' (VP can (VP express (NP themselves )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The removal )NP (PP of (NP Mr. Honecker )NP )PP )NP (VP was (ADVP apparently )ADVP (NP (NP the result )NP (PP of (NP (NP bitter *UNKING )NP (PP within (NP (NP the top ranks )NP (PP of (NP the Communist party )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP According (PP to (NP (ADJP West German )ADJP government sources )NP )PP )PP , (NP (NP Mr. Honecker )NP and (NP several senior Politburo members )NP )NP (VP fought (PP over (NP the last week )NP )PP (S (VP to (VP delay (NP (NP any decisions )NP (PP about (NP a leadership change )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (S But , (PP with (S (NP (NP public demonstrations )NP (PP in (NP the country )NP )PP )NP (VP growing (PP in (NP size and *UNK )NP )PP )VP )S )PP , (NP (NP Mr. Honecker )NP and (NP several key allies )NP )NP (VP lost (ADVP out )ADVP (PP in (NP this battle )NP )PP )VP )S , (NP officials )NP (VP say )VP . )S  STOP
(S (NP Those allies )NP (VP included (NP Politburo members (NX (NX (NX *UNKC *UNKC )NX , (SBAR (WHNP who )WHNP (S (VP has (ADVP long )ADVP (VP headed (NP economic affairs )NP )VP )VP )S )SBAR , )NX and (NX (NX *UNKC *UNKC )NX , (NP (NP chief )NP (PP of (NP information policy )NP )PP )NP )NX )NX )NP )VP . )S  STOP
(S (NP Both men )NP (VP were (ADVP also )ADVP (VP relieved (PP of (NP their duties )NP )PP (NP yesterday )NP )VP )VP . )S  STOP
(S (SBAR Although (S (NP other resignations )NP (VP may (VP follow )VP )VP )S )SBAR , (NP (NP it )NP )NP (VP 's (ADVP still )ADVP not (ADJP clear )ADJP (SBAR (WHPP to (WHNP what extent )WHNP )WHPP (S (NP (NP the change )NP (PP in (NP party personnel )NP )PP )NP (VP will (VP alter (NP (NP (NP the government 's )NP resistance )NP (PP to (NP fundamental change )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Clearly )ADVP , (NP (NP the central figure )NP (PP in (NP this process )NP )PP )NP (VP is (NP Egon Krenz )NP )VP . )S  STOP
(S (S (VP *UNKC (PP in (NP *UNKN )NP )PP (PP in (NP (NP a *UNKC Sea town )NP (ADVP now )ADVP (NP (NP part )NP (PP of (NP Poland )NP )PP )NP )NP )PP )VP )S , (NP he )NP (VP was (ADJP (NP eight years )NP old )ADJP (SBAR (WHADVP when )WHADVP (S (NP World War II )NP (VP ended )VP )S )SBAR )VP . )S  STOP
(S (PP Like (NP (ADJP West German )ADJP Chancellor *UNKC *UNKC )NP )PP , (NP he )NP (VP represents (NP (NP the *UNK generation )NP (SBAR (WHNP that )WHNP (S (VP has (VP grown (ADVP up )ADVP (PP during (NP (NP Germany 's )NP division )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP Since (S (VP joining (NP the Politburo )NP (PP in (NP 1983 )NP )PP (PP as (NP its *UNK member )NP )PP )VP )S )PP , (NP Mr. Krenz )NP (VP had (VP acquired (NP (NP (NP the *UNK )NP `` (NP *UNK *UNK )NP )NP , '' (NP (NP a *UNK )NP (PP to (NP the (ADJP widely held )ADJP view (SBAR that (S (NP he )NP (VP was (NP (NP the *UNKED successor )NP (PP to (NP Mr. Honecker )NP )PP )NP )VP )S )SBAR )NP )PP )NP )NP )VP )VP . )S  STOP
(S (PP In (NP fact )NP )PP , (NP the two men )NP (VP have (VP had (NP (ADJP *UNKLY similar )ADJP career *UNK )NP )VP , (S (NP both )NP (VP having (VP served (PP as (NP (NP chief )NP (PP of (NP internal security )NP )PP )NP )PP (PP before (NP (NP their rise )NP (PP to (NP the top party position )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP both men )NP (VP have (VP *UNK (PP to (NP a similar *UNK- philosophy )NP )PP )VP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP (NP one )NP (PP of (NP (NP (NP Mr. Krenz 's )NP few official visits )NP (ADVP overseas )ADVP )NP )PP )NP (VP came (ADVP (NP a few months )NP ago )ADVP , (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP visited (NP China )NP (PP after (NP (NP the massacre )NP (PP in (NP Beijing )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (ADVP later )ADVP (VP defended (NP (NP the Chinese government 's )NP response )NP (PP during (NP (NP a separate visit )NP (PP to (NP West Germany )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP (ADJP East German )ADJP *UNKC )NP (PP in (ADJP particular )ADJP )PP )NP (VP fears (NP Mr. Krenz )NP , (PP (PP in (NP part )NP )PP because of (NP (NP an incident )NP (PP in (NP (NP January 1988 )NP (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP was (VP believed (S (VP to (VP have (VP ordered (NP (NP the arrest )NP (PP of (NP (NP hundreds )NP (PP of (NP *UNK )NP )PP (SBAR (WHNP who )WHNP (S (VP had (VP sought (NP refuge )NP (PP in (NP the Church )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (ADVP However )ADVP , (NP Mr. Krenz )NP (ADVP also )ADVP (VP has (NP (NP a reputation )NP (PP for (S (VP being (ADJP politically *UNK )ADJP )VP )S )PP )NP )VP . )S  STOP
(S (NP His *UNK ability (S (VP to (VP read (NP (NP the shifting popular mood )NP (PP in (NP East Germany )NP )PP )NP )VP )VP )S )NP (VP is (VP best *UNKED (PP by (NP (NP his apparent break )NP (PP with (NP (NP his old *UNK )NP , (NP Mr. Honecker )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (ADVP Indeed )ADVP , (PP according (PP to (NP (ADJP West German )ADJP government sources )NP )PP )PP , (NP he )NP (VP was (NP (NP one )NP (PP of (NP (NP the leaders )NP (PP in (NP (NP the power struggle )NP (SBAR (WHNP that )WHNP (S (VP *UNKED (NP Mr. Honecker )NP )VP )S )SBAR )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP recent days )NP )PP , (NP Mr. Krenz )NP (VP has (VP sought (S (VP to (VP project (NP a *UNK image )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP According (PP to (NP (NP a report )NP (VP (ADVP widely )ADVP circulating (PP in (NP East Berlin )NP )PP )VP )NP )PP )PP , (NP it )NP (VP was (NP Mr. Krenz )NP (SBAR (WHNP who )WHNP (S (VP ordered (NP police )NP (S (VP to (VP stop (S (VP using (NP excessive force )NP (PP against (NP (NP demonstrators )NP (PP in (NP *UNKC )NP )PP )NP )PP )VP )S )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP He )NP (VP does n't (VP want (S (VP to (VP have (NP (NP the image )NP (PP of (NP the *UNK man )NP )PP )NP )VP )VP )S )VP )VP )S , '' (VP says )VP (NP (NP Fred *UNKC )NP , (NP (NP an expert )NP (PP at (NP (NP the *UNKED Institute )NP (PP of (NP (ADJP (ADJP East European )ADJP and (ADJP International )ADJP )ADJP *UNKC )NP )PP (PP in (NP *UNKC )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (S (NP He )NP (VP 's not (NP a *UNK )NP )VP )S -- (S (NP he )NP (VP wants (S (VP to (VP have (NP (NP the image )NP (PP of (NP a *UNK )NP )PP )NP )VP )VP )S )VP )S . '' )S  STOP
(S (PP As (NP (NP part )NP (PP of (NP his image *UNKING )NP )PP )NP )PP , (NP Mr. Krenz )NP (VP is (VP expected (S (VP to (VP take (NP (NP modest steps )NP (PP toward (NP reform )NP )PP )NP (S (VP to (VP (VP rebuild (NP (NP confidence )NP (PP among (NP the people )NP )PP )NP )VP and (VP *UNK (NP (NP the party 's )NP authority )NP )VP )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (PP Besides (S (VP *UNKING (NP (NP other senior Politburo officials )NP (SBAR (WHNP who )WHNP (S (VP *UNKED (NP themselves )NP (PP with (NP Mr. Honecker )NP )PP )VP )S )SBAR )NP )VP )S )PP , (NP Mr. Krenz )NP (VP could (VP (VP *UNK (NP (NP controls )NP (PP on (NP the news media )NP )PP )NP )VP , (VP free (PRT up )PRT (NP travel restrictions )NP )VP , and (VP establish (NP (NP a dialogue )NP (PP with (NP various dissident groups )NP )PP )NP )VP )VP )VP . )S  STOP
(SQ But will (NP it )NP (VP be (ADJP enough )ADJP )VP ? )SQ  STOP
(S (NP (NP (ADJP West German )ADJP government officials )NP and (NP Western analysts )NP )NP (VP are (ADJP *UNK )ADJP )VP . )S  STOP
(S `` (S (S (NP He )NP (VP does n't (VP *UNK (SBAR (WHNP what )WHNP (S (NP people )NP (VP want )VP )S )SBAR )VP )VP )S , so (S (NP the unrest )NP (VP will (VP go (ADVP on )ADVP )VP )VP )S )S , '' (NP Mr. *UNKC )NP (VP predicts )VP . )S  STOP
(S (PP At (NP the same time )NP )PP , (NP (NP the expectations )NP (PP of (NP the (ADJP East German )ADJP people )NP )PP )NP (VP (VP are (ADJP great )ADJP )VP and (VP will (VP continue (S (VP to (VP grow )VP )VP )S )VP )VP )VP . )S  STOP
(SINV (VP Says )VP (NP one (ADJP West German )ADJP official )NP : `` (S (SBAR (WHNP What )WHNP (S (VP 's (ADJP necessary )ADJP (ADVP now )ADVP )VP )S )SBAR (VP is (NP (NP the process )NP (PP of (NP *UNK )NP )PP )NP )VP )S . )SINV  STOP
(SBAR (ADVP Not just )ADVP (SBAR that (S (NP people )NP (VP are (VP being (VP heard )VP )VP )VP )S )SBAR but (SBAR that (S (NP their interests )NP (VP are (VP being (VP taken (ADVP seriously )ADVP )VP )VP )VP )S )SBAR . '' )SBAR  STOP
(S (NP Chancellor Kohl )NP , (ADVP meanwhile )ADVP , (VP has (VP invited (NP Mr. Krenz )NP (S (VP to (VP open (NP (NP discussions )NP (PP with (NP Bonn )NP )PP (PP on (NP (NP a wide range )NP (PP of (NP subjects )NP )PP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Reports )NP (PP in (NP the (ADJP West German )ADJP press )NP )PP )NP , (S (VP citing (NP (NP sources )NP (PP in (NP East Germany )NP )PP )NP )VP )S , (VP suggest (SBAR (S (NP Mr. Krenz )NP (VP may (VP serve (ADVP only )ADVP (PP as (NP (NP a bridge )NP (PP between (NP (NP Mr. Honecker )NP and (NP a genuine reform leader )NP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(SINV (VP *UNKING (PP to (NP that speculation )NP )PP )VP (VP is )VP (NP (NP (NP Mr. Krenz 's )NP reputation )NP (PP as (NP (NP a heavy *UNK )NP , (SBAR (WHNP who )WHNP (S (VP is (VP said (S (VP to (ADVP also )ADVP (VP suffer (PP from (NP *UNK )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP . )SINV  STOP
(S `` (S (S (NP This )NP (VP is (NP a dynamic process )NP )VP )S and (S (NP we )NP (VP 're (VP experiencing (NP the first step )NP )VP )VP )S )S , '' (NP the Bonn official )NP (VP adds )VP . )S  STOP
(S (NP (NP The selection )NP (PP of (NP Mr. Krenz )NP )PP )NP (VP may (ADVP also )ADVP (VP *UNK (NP Moscow )NP )VP )VP . )S  STOP
(S (NP Soviet leader Mikhail Gorbachev )NP (VP has (VP pressed (ADVP hard )ADVP (PP for (NP (NP a change )NP (PP in (NP (NP East Germany 's )NP rigid stance )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP (NP Two *UNKED party leaders )NP (VP favored (PP by (NP Moscow )NP )PP (PP as (NP (NP possible *UNK )NP (PP to (NP Mr. Honecker )NP )PP )NP )PP )VP )NP , (NP (NP *UNKC party secretary *UNKC *UNKC )NP and (NP Politburo member *UNKC *UNKC )NP )NP , )NP (VP were (VP passed (ADVP over )ADVP )VP )VP . )S  STOP
(S (SBAR If (S (NP Mr. Krenz )NP (VP *UNK (PP to (NP rigid policies )NP )PP )VP )S )SBAR (NP (NP the pressure )NP (PP from (NP the Soviet Union )NP )PP )NP (VP could (VP intensify )VP )VP . )S  STOP
(S (PP In (NP Moscow )NP )PP , (NP Mr. Gorbachev )NP (VP sent (NP Mr. Krenz )NP (NP (NP a *UNK *UNK )NP (SBAR (WHNP that )WHNP (S (VP appeared (S (VP to (VP urge (NP the new leadership )NP (S (VP to (VP *UNKED (NP (NP growing calls )NP (PP for (NP change )NP )PP )NP )VP )VP )S )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (PP According (PP to (NP (NP the Soviet news agency )NP (NP *UNKC )NP )NP )PP )PP , `` (NP Gorbachev )NP (VP expressed (NP the conviction (SBAR that (S (NP (NP the leadership )NP (PP of (NP (NP the Socialist *UNKC Party )NP (PP of (NP -LCB- East -RCB- Germany )NP )PP )NP )PP )NP , (S (VP being (ADJP sensitive (PP to (NP (NP the demands )NP (PP of (NP the time )NP )PP )NP )PP )ADJP )VP )S , ... (VP will (VP find (NP (NP solutions )NP (PP to (NP (NP complicated problems )NP (SBAR (S (NP (NP the *UNKC )NP (PRN -LCB- (NP German Democratic Republic )NP -RCB- )PRN )NP (VP encountered )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )NP )VP . '' )S  STOP
(S (NP (NP A force )NP (PP of (NP younger *UNK- members )NP )PP (PP in (NP the (ADJP East German )ADJP bureaucracy )NP )PP )NP (VP has (PP for (NP some time )NP )PP (VP been (VP pushing (PP for (NP (NP *UNK )NP (PP within (NP their country )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP The older generation )NP (VP has (VP been (VP *UNK (PP between (NP (NP (NP a fear )NP (PP of (S (VP *UNKING (PP with (NP the status *UNK )NP )PP )VP )S )PP )NP and (NP (NP a fear )NP (PP of (SBAR (WHNP what )WHNP (S (VP might (VP happen (SBAR if (S (NP they )NP (VP did n't )VP )S )SBAR )VP )VP )S )SBAR )PP )NP )NP )PP )VP )VP )VP . )S  STOP
(S (PP From (NP (NP the perspective )NP (PP of (NP (NP East Germany 's )NP old guard )NP )PP )NP )PP , (NP (NP reforms )NP (SBAR (WHNP that )WHNP (S (VP *UNK (PP of (NP (NP capitalism )NP and (NP *UNKC democracy )NP )NP )PP )VP )S )SBAR )NP (VP could (VP eliminate (NP (NP (NP their country 's )NP reason )NP (PP for (NP being )NP )PP )NP )VP )VP . )S  STOP
(S (PP Unlike (NP (NP the other nations )NP (PP of (NP the bloc )NP )PP )NP )PP , (NP East Germany )NP (VP is (NP (NP a *UNK )NP (PP of (NP the *UNKC War )NP )PP )NP )VP . )S  STOP
(S (S (VP *UNKING (NP (NP (NP the differences )NP (VP (ADVP still )ADVP *UNKING (NP Europe )NP )VP )NP , and (NP (NP the vast international *UNKING )NP (SBAR (S (NP that )NP (VP implies )VP )S )SBAR )NP )NP )VP )S , (VP wo n't (VP *UNK (NP (NP the *UNK )NP (PP of (NP (NP a Poland )NP or (NP a Hungary )NP )NP )PP )NP )VP )VP . )S  STOP
(S But (NP it )NP (VP could (ADVP ultimately )ADVP (VP lead (PP to (NP (NP German reunification )NP and (NP (NP the *UNK )NP (PP of (NP East Germany )NP )PP (PP from (NP the *UNK )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(FRAG (SBAR (WHNP Which )WHNP (S (VP is (SBAR (WHNP what )WHNP (S (NP the Old Guard )NP (VP fears )VP )S )SBAR )VP )S )SBAR . )FRAG  STOP
(SINV `` (S (NP I )NP (VP 'm (ADJP sure (SBAR (S (NP they )NP (VP 'll (VP *UNK (NP (NP a reform )NP (SBAR (WHNP that )WHNP (S (VP will (VP be (NP (NP a *UNK )NP (PP for (NP (NP (NP the *UNKC 's )NP future )NP (PP as (NP a (ADJP separately *UNK )ADJP state )NP )PP )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )ADJP )VP )S , '' (VP says )VP (NP (NP Michael Simmons )NP , (NP (NP a British journalist )NP (SBAR (WHNP (WHNP (WHNP whose book )WHNP (PP on (NP East Germany )NP )PP )WHNP , (VP entitled (S `` (NP The *UNKED *UNKC )NP )S )VP , '' )WHNP (S (VP was (VP published (NP this month )NP )VP )VP )S )SBAR )NP )NP . )SINV  STOP
(S (PP Up (PP to (NP now )NP )PP )PP , (NP that *UNK )NP (VP has (VP *UNKED (PP of (NP (NP (NP a *UNKED effort )NP (PP by (NP former leader Walter *UNKC )NP )PP (S (VP to (VP establish (NP (NP the country 's )NP international *UNK )NP )VP )VP )S )NP , (VP followed (PP by (NP (NP Mr. Honecker 's )NP campaign (S (VP to (VP build (NP (NP the East bloc 's )NP only successful *UNKC economy )NP (PP into (NP a consumer *UNK )NP )PP )VP )VP )S )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (NP Neither man )NP (VP achieved (NP *UNK )NP )VP . )S  STOP
(S (PP (ADVP Early )ADVP in (NP 1987 )NP )PP , (NP (NP Mr. Honecker )NP and (NP his team )NP )NP (VP (VP stopped (S (VP paying (NP thin *UNK )NP (PP to (NP Mr. Gorbachev )NP )PP )VP )S )VP and (VP joined (PP with (NP *UNKC )NP )PP (PP in (S (VP *UNKING (NP (NP any necessity )NP (PP for (NP (NP adjustments )NP (PP in (NP their systems )NP )PP )NP )PP )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP The *UNK- *UNKC and *UNKC )NP , (PP in (NP contrast )NP )PP , (VP declared (NP their intentions (S (VP to (VP reform )VP )VP )S )NP , (SBAR while (S (VP doing (NP (NP nothing )NP (ADJP concrete )ADJP )NP (PP about (NP it )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The (ADJP East German )ADJP media )NP (ADVP soon )ADVP (VP began (S (VP (VP *UNKING (NP (NP Mr. Gorbachev 's )NP *UNK )NP (PP (ADVP only )ADVP as (NP *UNK *UNK )NP )PP )VP , and (VP giving (NP space )NP (PP to (NP his opponents )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP By (NP late 1988 )NP )PP , (NP they )NP (VP were (VP banning (NP Soviet publications )NP )VP )VP . )S  STOP
(S (NP The country )NP (VP (VP abandoned (NP (NP its former *UNK )NP (PP to (NP socialist *UNK )NP )PP )NP )VP and (VP took (PP to (S (VP insisting (ADVP instead )ADVP (SBAR that (S (NP (NP each country )NP (PP in (NP the bloc )NP )PP )NP (VP ought (S (VP to (VP travel (NP its own road )NP )VP )VP )S )VP )S )SBAR )VP )S )PP )VP )VP . )S  STOP
(S (NP Mr. Honecker )NP (VP (VP spoke (PP of `` (NP (NP (ADJP generally valid )ADJP objective laws )NP (PP of (NP socialism )NP )PP )NP '' )PP )VP and (VP left (NP (NP no room )NP (PP for (NP debate )NP )PP )NP )VP )VP . )S  STOP
(S (PP With (NP (NP (NP (NP this year 's )NP *UNK )NP (PP in (NP (NP China )NP and (NP the Soviet Union )NP )NP )PP )NP , and (NP (NP the drive )NP (PP to (NP democracy )NP )PP (PP in (NP Poland and Hungary )NP )PP )NP )NP )PP , (NP the (ADJP East German )ADJP leadership )NP (VP grew (ADJP (ADJP still more )ADJP defensive )ADJP )VP . )S  STOP
(S (NP Politburo member *UNKC *UNKC )NP (VP *UNKED (PP to (NP (NP a `` grave concern '' )NP (PP over (NP *UNKC democracy )NP )PP )NP )PP )VP . )S  STOP
(S `` (PP Under (NP (NP the *UNK )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP (NP the ` *UNK )NP (PP of (NP socialism )NP )PP )NP )VP )S )SBAR )NP )PP (PRN , ' '' (S (NP he )NP (VP said )VP )S , )PRN `` (NP (NP forces )NP )NP (VP are (PP at (NP work )NP )PP (SBAR (WHNP that )WHNP (S (VP are (VP *UNKING (S (VP to (VP eliminate (NP socialism )NP )VP )VP )S )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP Some loyal voices )NP , (PP (PP in )PP and (PP out (PP of )PP )PP (NP the (ADJP East German )ADJP Communist party )NP )PP )NP , (VP saw (S (NP (NP the nation 's )NP unrest )NP (VP coming )VP )S )VP . )S  STOP
(S (NP The first signs )NP (VP were (ADJP economic )ADJP )VP . )S  STOP
(S (PP Despite (NP (ADJP heavily subsidized )ADJP consumer industries )NP )PP , (NP East Germans )NP (VP have (PP for (NP years )NP )PP (VP watched (S (NP the West )NP (VP pull (ADVP *UNK out ahead )ADVP )VP )S )VP )VP . )S  STOP
(S (PP In (NP 1988 )NP )PP , (PP for (NP the first time )NP )PP , (NP economic growth )NP (VP came (PP to (NP a dead stop )NP )PP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP some economists )NP (VP began (S (VP to (VP blame (NP central planning )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP Some writers )NP (PP in (NP *UNK *UNK )NP )PP )NP (ADVP even )ADVP (VP raised (NP (NP the notion )NP (PP of (S (VP introducing (NP democracy )NP , (PP (ADVP at least )ADVP in (NP the *UNK )NP )PP )VP )S )PP )NP )VP . )S  STOP
(S (PP By (NP summer )NP )PP , (NP an independent reform movement )NP (VP was (VP saying (ADVP out *UNK )ADVP (SBAR (WHNP what )WHNP (S (NP it )NP (VP had (ADVP only )ADVP (VP *UNKED (ADVP before )ADVP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S But (NP they )NP (VP are (NP *UNK *UNK )NP )VP . )S  STOP
(S (NP Their *UNKED purpose )NP (VP is (S (VP (VP to (VP *UNK (NP East Germany )NP (PP of (NP its *UNKC *UNK )NP )PP )VP )VP , not (VP to (VP merge (PP with (NP the West )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP (NP One )NP (PP of (NP their *UNK )NP )PP )NP (VP has (VP *UNKED (NP (NP a `` new *UNK '' )NP (PP of `` (NP creative socialism )NP )PP )NP )VP )VP . '' )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP the man )NP (SBAR (S (NP Mr. Krenz )NP (VP *UNK )VP )S )SBAR )NP (VP has (VP left (NP an *UNK mark )NP (PP on (NP (ADJP East German )ADJP society )NP )PP )VP )VP . )S  STOP
(S (S (VP *UNKED (PP by (NP the *UNKC )NP )PP (PP during (NP World War II )NP )PP (PP for (NP his political *UNK )NP )PP )VP )S , (NP Mr. Honecker )NP (VP *UNKED (NP (NP the *UNK generation )NP (PP of (NP (NP committed Communist leaders )NP (PP in (NP Eastern Europe )NP )PP (SBAR (WHNP who )WHNP (S (VP took (NP their *UNK )NP (PP from (NP Moscow )NP )PP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP He )NP (VP was (NP (NP a `` socialist *UNK '' )NP (SBAR (WHNP who )WHNP (S (VP felt (S (VP *UNKED (PP by (NP (NP (NP West Germany 's )NP enormous postwar prosperity )NP and (NP (NP the Bonn government 's )NP *UNK refusal (S (VP to (VP recognize (NP (NP the *UNK )NP (PP of (NP his state )NP )PP )NP )VP )VP )S )NP )NP )PP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP Finally )ADVP , (PP during (NP (NP his (ADJP first and only )ADJP state visit )NP (PP to (NP Bonn )NP )PP (ADVP (NP two years )NP ago )ADVP )NP )PP , (NP he )NP (VP won (NP (NP some measure )NP (PP of (NP (NP the recognition )NP (SBAR (S (NP he )NP (VP had (ADVP long )ADVP (VP sought )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S But (ADVP ultimately )ADVP (NP he )NP (VP was (VP *UNK (PP by (NP (NP forces )NP (VP *UNKED (PP by (NP (NP his own *UNK )NP , (NP Mr. Gorbachev )NP )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(SINV (S (NP (NP Mr. Honecker 's )NP removal )NP `` (VP was (VP bound (S (VP to (VP happen )VP )VP )S )VP )VP )S , '' (VP says )VP (NP (NP one aide )NP (PP to (NP Chancellor Kohl )NP )PP )NP . )SINV  STOP
(S `` (NP It )NP (VP was (ADVP only )ADVP (NP (NP a matter )NP (PP of (NP time )NP )PP )NP )VP . '' )S  STOP
(S (NP The European Community Commission )NP (VP increased (NP (NP its forecast )NP (PP for (NP (NP economic growth )NP (PP in (NP the EC )NP )PP (PP in (NP 1989 )NP )PP )NP )PP )NP (PP to (NP (NP 3.5 % )NP , (ADJP (ADJP slightly higher )ADJP (PP than (NP (NP its June projection )NP (PP of (NP 3.25 % )NP )PP )NP )PP )ADJP )NP )PP )VP . )S  STOP
(S (PP In (NP (NP its annual economic report )NP (PP for (NP *UNKN )NP )PP )NP )PP , (NP the commission )NP (ADVP also )ADVP (VP projected (NP (NP 1990 gross domestic product growth )NP (PP for (NP the 12 EC members )NP )PP )NP (PP at (NP 3 % )NP )PP )VP . )S  STOP
(S (NP EC inflation )NP (VP was (VP seen (S (PP at (NP (NP 4.8 % )NP (PP in (NP 1989 )NP )PP , (ADJP (ADJP higher )ADJP (PP than (NP (NP 1988 's )NP (ADJP 3.6 % )ADJP price rise )NP )PP )ADJP )NP )PP )S )VP )VP . )S  STOP
(S (ADVP However )ADVP , (NP (NP inflation )NP (PP for (NP 1990 )NP )PP )NP (VP was (VP seen (S (VP slowing (PP to (NP 4.5 % )NP )PP )VP )S )VP )VP . )S  STOP
(SINV (VP Leading (NP EC growth forecasts )NP )VP (PP in (NP 1989 )NP )PP (VP was )VP (NP (NP Ireland )NP , (VP seen (S (VP growing (NP 5 % )NP (PP at (NP constant prices )NP )PP )VP )S )VP )NP . )SINV  STOP
(S (NP (ADJP *UNKC growth )ADJP countries )NP (VP included (NP (NP (NP Greece )NP , (PP at (NP 2.5 % )NP )PP , )NP (NP (NP the U.K. )NP , (PP at (NP 2.25 % )NP )PP , )NP and (NP (NP *UNKC )NP , (PP at (NP 1.75 % )NP )PP )NP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (VP expected (S (VP to (VP be (ADJP highest )ADJP (PP in (NP (NP (NP Greece )NP , (SBAR (WHADVP where )WHADVP (S (NP it )NP (VP is (VP projected (PP at (NP *UNKN % )NP )PP )VP )VP )S )SBAR , )NP and (NP (NP *UNKC )NP , (PP at (NP 13 % )NP )PP )NP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (PP At (NP (NP the other end )NP (PP of (NP the *UNK )NP )PP )NP )PP , (NP (ADJP West German )ADJP inflation )NP (VP was (VP forecast (PP at (NP (NP (NP 3 % )NP (PP in (NP 1989 )NP )PP )NP and (NP (NP 2.75 % )NP (PP in (NP 1990 )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP Nestle Korea Ltd. )NP (VP opened (NP a coffee and *UNK- plant )NP (PP in (NP (NP *UNKC )NP , (NP South Korea )NP )NP )PP )VP . )S  STOP
(S (NP (NP An official )NP (PP at (NP (NP Nestle Korea )NP , (NP (NP a *UNKN joint venture )NP (PP between (NP (NP Nestle S.A. )NP and (NP the *UNKC Group )NP )NP )PP )NP , )NP )PP )NP (VP said (SBAR (S (NP the new facility )NP (VP will (VP manufacture (NP (NP all types )NP (PP of (NP (NP (ADJP *UNK , *UNKED and ground )ADJP coffee )NP , (NP coffee mix )NP and (NP *UNK coffee *UNK )NP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The South Korean coffee market )NP , (S (VP consisting (ADVP mostly )ADVP (PP of (NP instant coffee )NP )PP )VP )S , (VP was (VP estimated (PP at (NP (NP (QP about 100 billion )QP won )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP )PP (NP last year )NP )VP )VP . )S  STOP
(S (NP (NP Brands )NP (VP made (PP by (NP (NP the Kraft General Foods unit )NP (PP of (NP Philip Morris Cos. )NP )PP )NP )PP )VP )NP (VP had (NP (NP (QP about 95 )QP % )NP (PP of (NP the market share )NP )PP )NP )VP . )S  STOP
(S (NP Nestle )NP (ADVP currently )ADVP (VP has (NP only about a (ADJP 2 % )ADJP share )NP (PP with (NP its (NP *UNKC 's )NP *UNKC coffee )NP )PP )VP . )S  STOP
(S (S (NP Poland )NP (VP plans (S (VP to (VP start (NP (NP negotiations )NP )NP (ADVP soon )ADVP (PP on (S (VP purchasing (NP natural gas )NP (PP from (NP Iran )NP )PP )VP )S )PP )VP )VP )S )VP )S , (NP the official *UNKC Republic News Agency )NP (VP reported )VP . )S  STOP
(S (NP The agency )NP (VP said (SBAR (S (NP Polish Prime Minister *UNKC *UNKC )NP (VP told (NP Iranian *UNKC Foreign Minister *UNKC *UNKC )NP (PP of (NP (NP Poland 's )NP *UNK (S (VP to (VP purchase (NP the gas )NP )VP )VP )S )NP )PP (PP during (NP (NP (NP Mr. *UNKC 's )NP current visit )NP (PP to (NP Warsaw )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The agency )NP (VP (VP did n't (VP mention (NP possible quantities )NP )VP )VP and (VP did n't (VP say (SBAR (WHADVP how )WHADVP (S (NP the gas )NP (VP would (VP be (VP delivered )VP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP A Chinese official )NP (VP (ADVP *UNKLY )ADVP criticized (NP plans (S (VP to (VP close (NP (NP a British naval base )NP (PP in (NP downtown Hong Kong )NP )PP )NP )VP )VP )S )NP )VP . )S  STOP
(S (NP Hong Kong officials )NP (VP announced (NP last week )NP (SBAR that (S (NP the base )NP (VP will (VP be (VP *UNKED (PP to (NP a small island )NP )PP (S (VP to (VP allow (NP downtown *UNK )NP )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP Beijing )NP (VP wants (S (VP to (VP use (NP the base )NP (PP for (NP (NP the People 's )NP *UNKC Army )NP )PP (PP after (NP (NP 1997 )NP , (SBAR (WHADVP when )WHADVP (S (NP the territory )NP (VP returns (PP to (NP Chinese sovereignty )NP )PP )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNK *UNKC )NP , (NP (NP head )NP (PP of (NP (NP (NP China 's )NP delegation )NP (PP to (NP (NP a *UNKC *UNKC Committee )NP (PP on (NP Hong Kong )NP )PP )NP )PP )NP )PP )NP , )NP (VP (VP accused (NP Britain )NP (PP of (S (VP trying (S (VP to (VP impose (NP a *UNK *UNK )NP )VP )VP )S )VP )S )PP )VP and (VP said , `` (S (NP This )NP (VP is (NP (NP something )NP (SBAR (S (NP we )NP (VP can not (VP accept )VP )VP )S )SBAR )NP )VP )S )VP )VP . '' )S  STOP
(S (S (NP The (ADJP Israeli and Soviet )ADJP national airlines )NP (VP have (VP reached (NP (NP preliminary agreement )NP (PP for (S (VP launching (NP (NP the first direct flights )NP (PP between (NP (NP *UNKC *UNKC )NP and (NP Moscow )NP )NP )PP )NP )VP )S )PP )NP )VP )VP )S , (NP (NP a spokesman )NP (PP for (NP (NP the Israeli airline )NP , (NP El Al )NP , )NP )PP )NP (VP said )VP . )S  STOP
(S (S (NP (NP El Al director *UNKC *UNKC )NP and (NP (NP top officials )NP (PP of (NP (NP the Soviet Union 's )NP Aeroflot )NP )PP )NP )NP (VP negotiated (NP a preliminary pact )NP (PP in (NP Moscow )NP )PP (NP this week )NP )VP )S , (NP the spokesman )NP (VP said )VP . )S  STOP
(S (NP He )NP (VP added (SBAR that (S (S (VP *UNKING (NP the deal )NP )VP )S (VP requires (NP (NP approval )NP (PP by (NP (NP the governments )NP (PP of (NP (NP both countries )NP , (SBAR (WHNP which )WHNP (S (VP have (ADVP never )ADVP (VP had (NP direct air links )NP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP The chairman )NP )NP and (NP (NP a director )NP )NP (PP of (NP (NP one )NP (PP of (NP (NP (NP (NP the Republic )NP (PP of (NP Singapore )NP )PP 's )NP leading property companies )NP , (NP (NP City Development Ltd. )NP , or (NP *UNKC )NP , )NP )NP )PP )NP )PP )NP (VP were (VP charged (NP yesterday )NP (PP with (NP (NP criminal breach )NP (PP of (NP (NP trust )NP (PP of (NP (NP (QP some 800,000 )QP Singapore dollars )NP (PRN -LRB- (NP (QP about US$ *UNKN )QP )NP -RRB- )PRN )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP (NP *UNKC Hong *UNKC )NP , (NP (NP chairman )NP (PP of (NP *UNKC )NP )PP )NP , )NP and (NP director *UNKC *UNKC *UNKC )NP )NP (VP were (VP arrested (PP by (NP (NP the *UNK 's )NP *UNKC *UNKC Investigation Bureau )NP )PP (NP Tuesday night )NP )VP )VP . )S  STOP
(S (PP In (NP (NP addition )NP (PP to (S (VP *UNKING (PP in (NP (NP the alleged criminal breach )NP (PP of (NP trust )NP )PP )NP )PP )VP )S )PP )NP )PP , (NP *UNKC Hong *UNKC )NP (VP was (ADVP also )ADVP (VP charged (PP with (S (VP (ADVP *UNKLY )ADVP receiving (NP (NP *UNK 500,000 )NP (SBAR (WHNP that )WHNP (S (VP had (VP been (VP stolen )VP )VP )VP )S )SBAR )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP Both men )NP (VP were (VP (VP charged (PP in (NP a subordinate court )NP )PP )VP and (VP released (PP on (NP (NP *UNK )NP (PP of (NP *UNK 1 million )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (S (NP The charges )NP (VP are (NP (NP the *UNK )NP (PP of (NP (NP weeks )NP (PP of (NP (NP rumors )NP (VP concerning (NP *UNKC )NP )VP (SBAR (WHNP that )WHNP (S (VP have (VP (VP depressed (NP (NP the company 's )NP share price )NP )VP and (VP (PP to (NP a lesser extent )NP )PP (NP (NP the shares )NP (PP of (NP (NP all companies )NP (VP owned (PP by (NP (NP *UNKC 's )NP controlling *UNKC family )NP )PP )VP )NP )PP )NP )VP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )VP )S , (NP (NP brokers )NP (PP in (NP Singapore )NP )PP )NP (VP say )VP . )S  STOP
(S (NP The *UNKC )NP (VP control (NP (NP the Hong *UNKC Group )NP , (SBAR (WHNP which )WHNP (S (VP has (NP (NP widespread interests )NP (PP in (NP manufacturing , property and finance )NP )PP )NP (PP in (NP both Malaysia and Singapore )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP (NP News )NP (PP of (NP (NP the arrest and charging )NP (PP of (NP the two men )NP )PP )NP )PP )NP (VP helped (S (VP to (VP push (NP (NP prices )NP (PP on (NP the Singapore Stock market )NP )PP )NP (S (ADJP sharply lower )ADJP )S (PP in (NP early trading )NP )PP (NP yesterday )NP )VP )VP )S )VP )S , but (S (NP brokers )NP (VP said (SBAR that (S (NP (NP the market )NP and (NP *UNKC shares )NP )NP (VP recovered (SBAR once (S (NP (NP it )NP )NP (VP became (ADJP apparent )ADJP (SBAR (S (NP the charges )NP (VP were (VP limited (PP to (NP (NP the two men )NP (ADVP personally )ADVP )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )VP )S . )S  STOP
(S (NP (NP One )NP (PP of (NP (NP the two British companies )NP (VP (ADVP still )ADVP making (NP hard *UNK paper )NP )VP )NP )PP )NP (VP stopped (NP (NP production )NP (PP of (NP it )NP )PP )NP )VP . )S  STOP
(S (NP British *UNKC )NP (VP decided (S (VP to (VP do (ADVP away )ADVP (PP with (NP its hard paper )NP )PP )VP )VP )S (SBAR after (S (NP (NP a major customer )NP , (NP British *UNKC )NP , )NP (VP switched (PP to (NP (NP softer *UNK )NP (PP for (NP train *UNK )NP )PP )NP )PP )VP )S )SBAR )VP ... . )S  STOP
(S (S (NP (NP *UNKC )NP (PP in (NP *UNKC *UNKC )NP )PP )NP (VP have (VP (ADVP partly )ADVP *UNKED (NP (NP a *UNK- section )NP (PP of (NP (NP China 's )NP *UNKED Great Wall )NP )PP )NP )VP )VP )S , (NP the official (NP People 's )NP Daily )NP (VP said )VP . )S  STOP
(S (NP The paper )NP (VP said (SBAR (S (S (NP the bricks )NP (VP were (VP used (S (VP to (VP build (NP homes and *UNK )NP )VP )VP )S )VP )VP )S and , (S (PP as (NP a result )NP )PP , (NP the wall )NP `` (VP is (PP in (NP terrible shape )NP )PP )VP )S )S )SBAR )VP . )S  STOP
(NP (NP Wednesday )NP , (NP October 18 , 1989 )NP )NP  STOP
(S (NP (NP The key (UCP U.S. and foreign )UCP annual interest rates )NP (ADVP below )ADVP )NP (VP (VP are (NP (NP a guide )NP (PP to (NP general levels )NP )PP )NP )VP but (VP do n't (ADVP always )ADVP (VP represent (NP actual transactions )NP )VP )VP )VP . )S  STOP
(NP (NP PRIME RATE )NP : (NP (QP 10 1\/2 )QP % )NP . )NP  STOP
(NP (NP The base rate )NP (PP on (NP corporate loans )NP )PP (PP at (NP large U.S. money center commercial banks )NP )PP . )NP  STOP
(NP (NP FEDERAL FUNDS )NP : (NP (NP (NP (QP 8 *UNKN )QP % )NP (ADJP high )ADJP )NP , (NP (NP (QP 8 5\/8 )QP % )NP (ADJP low )ADJP )NP , (NP (NP (QP 8 3\/4 )QP % )NP (PP near (NP closing bid )NP )PP )NP , (NP (NP (QP 8 7\/8 )QP % )NP (VP offered )VP )NP )NP . )NP  STOP
(S (NP Reserves )NP (VP traded (PP among (NP commercial banks )NP )PP (PP for (NP overnight use )NP )PP (PP in (NP (NP amounts )NP (PP of (NP (QP $ 1 million )QP (QP or more )QP )NP )PP )NP )PP )VP . )S  STOP
(NP (NP Source )NP : (NP Fulton Prebon (PRN -LRB- U.S.A . -RRB- )PRN Inc )NP . )NP  STOP
(NP (NP DISCOUNT RATE )NP : (NP 7 % )NP . )NP  STOP
(NP (NP The charge )NP (PP on (NP (NP loans )NP (PP to (NP depository institutions )NP )PP (PP by (NP the New York Federal Reserve Bank )NP )PP )NP )PP . )NP  STOP
(NP (NP CALL MONEY )NP : (NP (NP (QP 9 3\/4 )QP % )NP to (NP 10 % )NP )NP . )NP  STOP
(NP (NP The charge )NP (PP on (NP (NP loans )NP (PP to (NP brokers )NP )PP (PP on (NP stock exchange collateral )NP )PP )NP )PP . )NP  STOP
(NP (NP (NP COMMERCIAL PAPER )NP (VP placed (ADVP directly )ADVP (PP by (NP General Motors Acceptance Corp. )NP )PP )VP )NP : (NP (NP (NP 8.45 % )NP (NP (QP 30 to 44 )QP days )NP )NP ; (NP (NP 8.25 % )NP (NP (QP 45 to 74 )QP days )NP )NP ; (NP (NP *UNKN % )NP (NP (QP 75 to 99 )QP days )NP )NP ; (NP (NP *UNKN % )NP (NP (QP 100 to 179 )QP days )NP )NP ; (NP (NP 7.50 % )NP (NP (QP 180 to 270 )QP days )NP )NP )NP . )NP  STOP
(NP (NP COMMERCIAL PAPER )NP : (NP (NP (NP High-grade unsecured notes )NP (VP sold (PP through (NP dealers )NP )PP (PP by (NP major corporations )NP )PP (PP in (NP (NP multiples )NP (PP of (NP $ 1,000 )NP )PP )NP )PP )VP )NP : (NP (NP (NP 8.55 % )NP (NP 30 days )NP )NP ; (NP (NP 8.45 % )NP (NP 60 days )NP )NP ; (NP (NP 8.375 % )NP (NP 90 days )NP )NP )NP )NP . )NP  STOP
(NP (NP (NP CERTIFICATES )NP (PP OF (NP DEPOSIT )NP )PP )NP : (NP (NP (NP 8.05 % )NP (NP one month )NP )NP ; (NP (NP *UNKN % )NP (NP two months )NP )NP ; (NP (NP 8 % )NP (NP three months )NP )NP ; (NP (NP 7.98 % )NP (NP six months )NP )NP ; (NP (NP *UNKN % )NP (NP one year )NP )NP )NP . )NP  STOP
(NP (NP Average )NP (PP of (NP (NP top rates )NP (VP paid (PP by (NP major New York banks )NP )PP (PP (PP on (NP (NP primary new issues )NP (PP of (NP negotiable C.D.s )NP )PP )NP )PP , (PP (ADVP usually )ADVP on (NP (NP amounts )NP (PP of (NP (QP $ 1 million )QP (QP and more )QP )NP )PP )NP )PP )PP )VP )NP )PP . )NP  STOP
(S (NP The minimum unit )NP (VP is (NP $ 100,000 )NP )VP . )S  STOP
(NP (NP (NP Typical rates )NP (PP in (NP the secondary market )NP )PP )NP : (NP (NP (NP *UNKN % )NP (NP one month )NP )NP ; (NP (NP *UNKN % )NP (NP three months )NP )NP ; (NP (NP 8.40 % )NP (NP six months )NP )NP )NP . )NP  STOP
(NP (NP BANKERS ACCEPTANCES )NP : (NP (NP (NP *UNKN % )NP (NP 30 days )NP )NP ; (NP (NP 8.30 % )NP (NP 60 days )NP )NP ; (NP (NP *UNKN % )NP (NP 90 days )NP )NP ; (NP (NP *UNKN % )NP (NP 120 days )NP )NP ; (NP (NP 8.05 % )NP (NP 150 days )NP )NP ; (NP (NP *UNKN % )NP (NP 180 days )NP )NP )NP . )NP  STOP
(NP (NP Negotiable , bank-backed business credit instruments )NP (VP (ADVP typically )ADVP financing (NP an import order )NP )VP . )NP  STOP
(NP (NP LONDON LATE EURODOLLARS )NP : (NP (NP (NP (NP (QP 8 11\/16 )QP % )NP to (NP (QP 8 9\/16 )QP % )NP )NP (NP one month )NP )NP ; (NP (NP (NP (QP 8 5\/8 )QP % )NP to (NP (QP 8 1\/2 )QP % )NP )NP (NP two months )NP )NP ; (NP (NP (NP (QP 8 5\/8 )QP % )NP to (NP (QP 8 1\/2 )QP % )NP )NP (NP three months )NP )NP ; (NP (NP (NP (QP 8 9\/16 )QP % )NP to (NP (QP 8 7\/16 )QP % )NP )NP (NP four months )NP )NP ; (NP (NP (NP (QP 8 1\/2 )QP % )NP to (NP (QP 8 3\/8 )QP % )NP )NP (NP five months )NP )NP ; (NP (NP (NP (QP 8 1\/2 )QP % )NP to (NP (QP 8 3\/8 )QP % )NP )NP (NP six months )NP )NP )NP . )NP  STOP
(NP (NP (NP LONDON INTERBANK OFFERED RATES )NP (PRN -LRB- (NP LIBOR )NP -RRB- )PRN )NP : (NP (NP (NP (QP 8 11\/16 )QP % )NP (NP one month )NP )NP ; (NP (NP (QP 8 11\/16 )QP % )NP (NP three months )NP )NP ; (NP (NP (QP 8 1\/2 )QP % )NP (NP six months )NP )NP ; (NP (NP (QP 8 1\/2 )QP % )NP (NP one year )NP )NP )NP . )NP  STOP
(NP (NP The average )NP (PP of (NP interbank offered rates )NP )PP (PP for (NP dollar deposits )NP )PP (PP in (NP the London market )NP )PP (PP based (PP on (NP (NP quotations )NP (PP at (NP five major banks )NP )PP )NP )PP )PP . )NP  STOP
(NP (NP FOREIGN PRIME RATES )NP : (NP (NP (NP Canada )NP (NP 13.50 % )NP )NP ; (NP (NP Germany )NP (NP 8.50 % )NP )NP ; (NP (NP Japan )NP (NP 4.875 % )NP )NP ; (NP (NP Switzerland )NP (NP 8.50 % )NP )NP ; (NP (NP Britain )NP (NP 15 % )NP )NP )NP . )NP  STOP
(S (S (NP These rate indications )NP (VP are n't (ADJP directly comparable )ADJP )VP )S ; (S (NP lending practices )NP (VP vary (ADVP widely )ADVP (PP by (NP location )NP )PP )VP )S . )S  STOP
(NP (NP TREASURY BILLS )NP : (NP (NP (NP Results )NP (PP of (NP (NP the (NAC Monday , October 16 , 1989 , )NAC auction )NP (PP of (NP (NP short-term U.S. government bills )NP , (VP sold (PP at (NP (NP a discount )NP (PP from (NP face value )NP )PP )NP )PP (PP in (NP (NP units )NP (PP of (NP (NP $ 10,000 )NP to (NP (QP $ 1 million )QP )NP )NP )PP )NP )PP )VP )NP )PP )NP )PP )NP : (NP (NP (NP *UNKN % )NP (NP 13 weeks )NP )NP ; (NP (NP *UNKN % )NP (NP 26 weeks )NP )NP )NP )NP . )NP  STOP
(NP (NP FEDERAL HOME LOAN MORTGAGE CORP . )NP (PRN -LRB- (NP Freddie Mac )NP -RRB- )PRN : )NP  STOP
(NP (NP Posted yields )NP (PP on (NP (NP 30-year mortgage commitments )NP (PP for (NP (NP delivery )NP (PP within (NP 30 days )NP )PP )NP )PP )NP )PP . )NP  STOP
(NP (NP (NP *UNKN % )NP , (NP standard conventional fixed-rate mortgages )NP )NP ; (NP (NP 7.875 % )NP , (NP (ADJP 2 % )ADJP rate capped one-year adjustable rate mortgages )NP )NP . )NP  STOP
(NP (NP Source )NP : (NP Telerate Systems Inc )NP . )NP  STOP
(NP (NP FEDERAL NATIONAL MORTGAGE ASSOCIATION )NP (PRN -LRB- (NP Fannie Mae )NP -RRB- )PRN : )NP  STOP
(NP (NP (NP Posted yields )NP (PP on (NP (NP 30 year mortgage commitments )NP (PP for (NP (NP delivery )NP (PP within (NP 30 days )NP )PP )NP )PP (PRN -LRB- (VP priced (PP at (NP par )NP )PP )VP -RRB- )PRN )NP )PP )NP (NP (NP (NP *UNKN % )NP , (NP standard conventional fixed-rate mortgages )NP )NP ; (NP (NP 8.70 % )NP , (NP 6\/2 rate capped one-year adjustable rate mortgages )NP )NP )NP . )NP  STOP
(NP (NP Source )NP : (NP Telerate Systems Inc )NP . )NP  STOP
(NP (NP MERRILL LYNCH READY ASSETS TRUST )NP : (NP 8.50 % )NP . )NP  STOP
(NP (NP (NP Annualized average rate )NP (PP of (NP return )NP )PP (PP after (NP expenses )NP )PP (PP for (NP the past 30 days )NP )PP )NP ; not (NP (NP a forecast )NP (PP of (NP future returns )NP )PP )NP . )NP  STOP
(S (NP (NP A grand jury )NP (ADVP here )ADVP )NP (VP indicted (NP (NP (NP Norton Co. 's )NP former director )NP (PP of (NP *UNK- research )NP )PP )NP , (S (VP charging (NP him )NP (PP with (NP (NP interstate transportation )NP (PP of (NP stolen property )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP Norton )NP and (NP General Electric Co. )NP )NP (NP last month )NP (VP filed (NP a lawsuit )NP (PP against (NP (NP the former research manager )NP , (NP *UNKC *UNKC )NP , )NP )PP (S (VP charging (NP him )NP (PP with (S (VP stealing (NP trade secrets )NP )VP )S )PP )VP )S )VP . )S  STOP
(S (NP Mr. *UNKC )NP (ADVP formerly )ADVP (VP worked (PP at (NP General Electric )NP )PP (PP in (NP (NP research )NP (PP on (NP synthetic diamonds )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The criminal charges )NP (VP brought (PP against (NP him )NP )PP )VP )NP (VP involved (NP GE technology )NP , (PP according (NP the court documents )NP )PP )VP . )S  STOP
(S (SBAR If (S (VP convicted )VP )S )SBAR , (NP he )NP (VP could (VP be (VP (VP *UNKED (PP for (NP (QP up to 10 )QP years )NP )PP )VP and (VP fined (NP $ 250,000 )NP )VP )VP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP could n't (VP be (VP reached (PP for (NP comment )NP )PP )VP )VP )VP . )S  STOP
(S (NP He )NP (ADVP earlier )ADVP (VP denied (NP (NP the allegations )NP (PP against (NP him )NP )PP (PP in (NP (NP the lawsuit )NP (PP by (NP Norton and GE )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Norton )NP (VP makes (NP (NP (NP *UNK )NP and (NP other *UNK )NP )NP , (NP diamond tools )NP , (NP specialty plastics )NP and (NP *UNK )NP )NP )VP . )S  STOP
(S (SBAR As (S (NP (NP the citizens )NP (PP of (NP (NP San Francisco )NP and (NP surrounding communities )NP )NP )PP )NP (VP began (S (VP *UNKING (NP (NP the damage )NP (PP from (NP (NP Tuesday 's )NP devastating earthquake )NP )PP )NP )VP )S )VP )S )SBAR , (NP NBC News )NP (VP began (S (VP *UNKING (NP (NP the damage )NP (PP from (SBAR (WHNP what )WHNP (S (NP some )NP (VP said (SBAR (S (VP was (NP a failure (S (VP to (VP provide (NP comprehensive coverage )NP (PP in (NP (NP the earthquake 's )NP initial moments )NP )PP )VP )VP )S )NP )VP )S )SBAR )VP )S )SBAR )PP )NP )VP )S )VP . )S  STOP
(SINV `` (S (PP In (NP (NP terms )NP (PP of (NP coverage )NP )PP )NP )PP , (NP it )NP (VP was (NP (NP a disaster )NP (ADJP equal (PP to (NP the earthquakes )NP )PP )ADJP )NP )VP )S , '' (VP said )VP (NP (NP Eric *UNKC )NP , (NP (NP president )NP (PP for (NP broadcasting )NP )PP (PP of (NP (NP King Broadcasting Co. )NP , (SBAR (WHNP which )WHNP (S (VP owns (NP (NP the NBC affiliate )NP (PP in (NP (NP Seattle )NP , (NP Wash )NP )NP )PP )NP )VP )S )SBAR )NP )PP )NP )NP . )SINV  STOP
(S (SBAR While (S (NP rival ABC News )NP (VP *UNKED (NP the competition )NP (PP in (NP (NP live coverage )NP (PP of (NP the event )NP )PP )NP )PP (PP by (NP sheer luck )NP )PP (PRN -- (S (NP the network )NP (VP was (VP broadcasting (NP the World Series )NP (PP from (NP Candlestick Park )NP )PP (SBAR (WHADVP when )WHADVP (S (NP the quake )NP (VP struck )VP )S )SBAR )VP )VP )S -- )PRN )VP )S )SBAR (NP NBC News )NP (VP was (ADJP unable (S (VP to (VP get (NP its signal )NP (PP out (PP of (NP San Francisco )NP )PP )PP )VP )VP )S )ADJP (PP for (NP (NP the first hour )NP (PP after (NP the quake )NP )PP )NP )PP )VP . )S  STOP
(SINV `` (S (NP I )NP (VP have (S (VP to (VP attribute (NP the lackluster performance )NP (PP to (NP a natural disaster )NP )PP )VP )VP )S )VP )S , '' (VP said )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S `` So (SBAR before (S (NP I )NP (VP start (S (VP to (VP be (ADJP really critical (PP of (NP NBC )NP )PP )ADJP )VP )VP )S )VP )S )SBAR , (NP I )NP (VP would (VP like (S (VP to (VP know (NP (NP more )NP (PP about (SBAR (WHNP what )WHNP (S (VP happened )VP )S )SBAR )PP )NP )VP )VP )S )VP )VP . '' )S  STOP
(S (NP There )NP (VP were (NP no complaints )NP (PP from (NP (NP affiliates )NP (PP of (NP (NP CBS Inc. )NP and (NP (NP Cable News Network )NP , (NP (NP a unit )NP (PP of (NP Turner Broadcasting System Inc )NP )PP )NP )NP )NP )PP )NP )PP )VP . )S  STOP
(S But (NP that )NP (VP was not (NP the case )NP (PP at (NP (NP NBC News )NP , (SBAR (WHNP which )WHNP (S (VP has (VP been (VP *UNKED (PP with (NP (NP the image )NP (PP of (S (VP not being (ADJP aggressive )ADJP (PP on (NP major breaking stories )NP )PP )VP )S )PP )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Last summer )NP , (NP the affiliates )NP (VP (ADVP *UNKLY )ADVP complained (PP to (NP network executives )NP )PP (PP about (NP (NP the poor coverage )NP (PP of (NP (NP the student *UNKING )NP (PP in (NP China )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(SINV `` (S (S (NP I )NP (VP was not (VP pleased (PP with (NP the slow start )NP )PP )VP )VP )S , and (SINV (ADVP neither )ADVP was (NP NBC News )NP )SINV )S , '' (VP said )VP (NP (NP Guy *UNKC )NP , (NP (NP general manager )NP (PP of (NP (NP NBC affiliate *UNKC )NP (PP in (NP (NP Louisville )NP , (NP *UNK )NP )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP A spokesman )NP (PP for (NP (NP National Broadcasting Co. )NP , (NP (NP a unit )NP (PP of (NP General Electric Co. )NP )PP )NP , )NP )PP )NP (VP said (SBAR (S (NP the network )NP (VP was `` (VP looking (PP into (SBAR (WHNP what )WHNP (S (VP happened )VP )S )SBAR )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP The stations )NP (VP said (SBAR (S (NP they )NP (VP were (VP pleased (PP with (NP (NP the extended coverage )NP (NP yesterday )NP , (PP including (NP (NP a special *UNK- edition )NP (PP of `` (NP Today )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP Don *UNKC )NP , (NP (NP director )NP (PP of (NP news )NP )PP (PP at (NP NBC News )NP )PP )NP , )NP (VP said (PP in (NP an interview )NP )PP (SBAR that `` (S (NP we )NP (VP could n't (VP get (NP a signal )NP (PP out (PP of (NP San Francisco )NP )PP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP We )NP (VP were (PP out (PP of (NP the box )NP )PP )PP )VP . )S  STOP
(S (NP It )NP (VP was (ADJP horrible )ADJP )VP . )S  STOP
(S (NP (NP The comment )NP (SBAR (S (NP we )NP (VP 're (VP hearing )VP )VP )S )SBAR )NP (VP is (SBAR that (S (NP we )NP (VP (VP were (ADJP slow )ADJP (PP out (PP of (NP the box )NP )PP )PP )VP , but (VP beat (NP (NP everyone )NP (ADJP else )ADJP )NP (PP in (NP the stretch )NP )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP NBC )NP (VP (VP broadcast (PP throughout (NP the entire night )NP )PP )VP and (VP did not (VP go (PP off (NP the air )NP )PP (PP until (NP (NP noon )NP (NP yesterday )NP )NP )PP )VP )VP )VP . )S  STOP
(S (NP The quake )NP (VP postponed (NP (NP the (ADJP third and fourth )ADJP games )NP (PP of (NP the World Series )NP )PP )NP )VP . )S  STOP
(S (PP In (NP (NP place )NP (PP of (NP the games )NP )PP )NP )PP , (NP ABC )NP (VP said (SBAR (S (NP it )NP (VP planned (S (VP to (VP broadcast (NP (NP (NP next week 's )NP *UNK )NP (PP of (NP its prime-time Wednesday and Thursday *UNK )NP )PP , (PP except (PP for (NP (NP a *UNK- special )NP (PP on (NP the earthquake )NP )PP (PP at (NP (NP 10 p.m. )NP (NP last night )NP )NP )PP )NP )PP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The series )NP (VP is (VP scheduled (S (VP to (VP resume (NP Tuesday evening )NP (PP in (NP San Francisco )NP )PP )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP There )NP (VP are (NP (NP no commercials )NP (SBAR (S (VP to (VP make (PRT up )PRT (PP for )PP )VP )VP )S )SBAR )NP (SBAR since (S (NP we )NP (VP 're (VP going (S (VP to (ADVP eventually )ADVP (VP broadcast (NP the World Series )NP )VP )VP )S )VP )VP )S )SBAR )VP )S , '' (VP said )VP (NP a network spokesman )NP . )SINV  STOP
(S (NP Pinnacle West Capital Corp. )NP (VP said (SBAR (S (NP it )NP (VP (VP suspended (ADVP indefinitely )ADVP (NP its common stock dividend )NP )VP and (VP reported (NP (NP a (ADJP 91 % )ADJP plunge )NP (PP in (NP third-quarter net income )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The announcement )NP , (VP made (PP after (NP (NP the close )NP (PP of (NP trading )NP )PP )NP )PP )VP , )NP (VP caught (NP analysts )NP (PP by (NP surprise )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP closed (PP at (NP (NP $ 12 )NP (NP a share )NP )NP )PP , (ADVP down (NP 62.5 cents )NP )ADVP )VP , (PP in (NP composite trading )NP )PP (PP on (NP the New York Stock Exchange )NP )PP . )S  STOP
(S (NP Pinnacle West )NP (VP slashed (NP its quarterly dividend )NP (PP to (NP (NP 40 cents )NP (PP per (NP share )NP )PP )NP )PP (PP from (NP 70 cents )NP )PP (PP in (NP December )NP )PP , (S (VP saying (PP at (NP the time )NP )PP (SBAR that (S (NP it )NP (VP believed (SBAR (S (NP the new , lower dividend )NP (VP was `` (ADJP *UNK )ADJP )VP )S )SBAR )VP )S )SBAR )VP )S )VP . '' )S  STOP
(S (NP A company spokesman )NP (VP said (SBAR (SBAR (S (NP the decision (S (VP to (VP eliminate (NP the dividend )NP )VP )VP )S )NP (VP resulted (PP from (NP a quarterly *UNK )NP )PP )VP )S )SBAR and (SBAR that (S (NP circumstances )NP (VP had (VP changed (PP since (NP the December announcement )NP )PP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP He )NP (VP declined (S (VP to (VP elaborate )VP )VP )S )VP . )S  STOP
(S (NP (NP Edward J. *UNKC Jr. )NP , (NP (NP an analyst )NP (PP at (NP Shearson Lehman Hutton Inc. )NP )PP )NP , )NP (VP speculated (SBAR that (S (NP the sudden dividend elimination )NP (VP *UNK (NP (NP an expensive agreement )NP (PP with (NP thrift regulators )NP )PP (PP over (NP (NP the company 's )NP insolvent MeraBank savings and loan unit )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Analysts )NP (VP have (VP estimated (SBAR that (S (NP Pinnacle West )NP (VP may (VP have (S (VP to (VP *UNK (NP (QP between $ 300 million and $ 400 million )QP )NP (PP into (NP the MeraBank unit )NP )PP (PP before (S (VP turning (NP the thrift )NP (PRT over )PRT (PP to (NP federal regulators )NP )PP )VP )S )PP )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP The latest financial results )NP (PP at (NP (NP the troubled utility and thrift holding company )NP , (VP based (PP in (NP (NP Phoenix )NP , (NP Ariz. )NP , )NP )PP )VP )NP )PP )NP (VP reflect (NP (NP (NP continuing problems )NP (PP at (NP MeraBank )NP )PP )NP and (NP (NP losses )NP (PP in (NP (ADJP real-estate , venture-capital and *UNKING )ADJP operations )NP )PP )NP )NP )VP . )S  STOP
(S (NP Third-quarter net income )NP (VP slid (PP to (NP (NP (QP $ 5.1 million )QP )NP , or (NP (NP six cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ 56 million )QP )NP , or (NP 65 cents )NP , )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP . )S  STOP
(S (NP (NP *UNKC operations )NP , (NP (NP the only company unit )NP (VP operating (PP in (NP the black )NP )PP (PP in (NP the latest period )NP )PP )VP )NP , )NP (VP had (NP (NP a (ADJP 26 % )ADJP drop )NP (PP in (NP profit )NP )PP , (PP to (NP (QP $ *UNKN million )QP )NP )PP )NP , (PP (ADVP largely )ADVP as (NP (NP a result )NP (PP of (NP (NP (NP *UNK )NP (PP at (NP (NP the company 's )NP huge Palo *UNKC nuclear facility )NP )PP )NP and (NP (NP the cost )NP (PP of (NP purchased replacement power )NP )PP )NP )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP other operations )NP )PP , (NP (NP losses )NP (PP at (NP MeraBank )NP )PP )NP (VP totaled (NP (QP $ *UNKN million )QP )NP (PP in (NP the latest quarter )NP )PP , (PP compared (PP with (NP a (ADJP (QP $ 2.5 million )QP )ADJP profit )NP (ADVP (NP a year )NP earlier )ADVP )PP )PP )VP . )S  STOP
(S (NP The latest quarter )NP (VP includes (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP addition )NP (PP to (NP loan-loss reserves )NP )PP )NP )VP . )S  STOP
(S (ADVP (ADVP As recently )ADVP (PP as (NP August )NP )PP )ADVP , (NP the company )NP (VP said (SBAR (S (NP it )NP (VP did n't (VP *UNK (NP (NP a need )NP (PP for (NP (NP substantial *UNK )NP (PP to (NP reserves )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP Pinnacle 's )NP *UNKC Development Co . real-estate unit 's )NP loss )NP (VP narrowed (PP to (NP (QP $ 13.8 million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP The latest period )NP (VP included (NP (NP a (ADJP (QP $ 9 million )QP )ADJP write-down )NP (PP on (NP *UNKED land )NP )PP )NP , (SBAR while (S (NP the year-earlier period )NP (VP included (NP (NP a (ADJP (QP $ 46 million )QP )ADJP reserve )NP (PP for (NP real-estate losses )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP *UNKC )NP (PP at (NP its *UNKC Resources Co . *UNKING unit )NP )PP )NP )NP (VP narrowed (PP to (NP (QP $ 3.4 million )QP )NP )PP (PP from (NP (NP (QP $ 18 million )QP )NP )NP (ADVP (NP a year )NP ago )ADVP , (SBAR (WHNP which )WHNP (S (VP included (NP (NP a (ADJP (QP $ 9 million )QP )ADJP write-down )NP (PP of (NP utility inventories )NP )PP )NP )VP )S )SBAR )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP at (NP (NP El *UNKC Investment Co. )NP , (NP the venture-capital operation )NP , )NP )PP )NP (VP widened (PP to (NP (QP $ 6.8 million )QP )NP )PP (PP from (NP $ *UNKN )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP . )S  STOP
(S (NP The latest quarter )NP (VP included (NP (NP a (ADJP (QP $ 6.6 million )QP )ADJP write-down )NP (PP of (NP investments )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC Financial Group )NP (VP said (SBAR (S (NP it )NP (VP will (VP ask (NP (NP (QP as many as 100,000 )QP investors )NP (PP in (NP (NP 12 )NP (PP of (NP its public real-estate limited partnerships )NP )PP )NP )PP )NP (S (VP to (VP give (NP approval )NP (PP to (S (VP rolling (NP them )NP (PRT up )PRT (PP into (NP a new master limited partnership )NP )PP )VP )S )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Under (NP (NP the proposal )NP (PP by (NP (NP *UNKC )NP , (NP a (ADJP financially troubled )ADJP real-estate *UNK )NP , )NP )PP )NP )PP (NP (ADJP New York-based )ADJP *UNKC Group Inc. )NP (VP would (VP replace (NP *UNKC )NP (PP as (NP (NP the (ADJP newly formed )ADJP master limited partnership 's )NP (NX (NX general partner )NX and (NX manager )NX )NX )NP )PP )VP )VP . )S  STOP
(S (NP (NP Shares )NP (PP of (NP the new partnership )NP )PP )NP (VP would (VP trade (PP on (NP an exchange )NP )PP (PP like (NP a stock )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (NP (NP a merchant bank )NP (SBAR (WHNP whose activities )WHNP (S (VP include (NP (NP the (NX (NX ownership )NX , (NX management )NX and (NX financial restructuring )NX )NX )NP (PP of (NP (NP shopping centers )NP , (NP office buildings )NP , (NP apartments )NP and (NP other real estate )NP )NP )PP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (NP a statement )NP )PP , (NP *UNKC Chairman Richard L. *UNKC )NP (VP said (SBAR (S (NP the transfer )NP (VP will (VP benefit (NP both (NP the company )NP and (NP (NP investors )NP (PP in (NP (NP the 12 limited partnerships )NP (VP included (PP in (NP the proposed *UNK )NP )PP )VP )NP )PP )NP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR While (S (NP he )NP (VP did n't (VP describe (NP (NP the partnerships ' )NP financial condition )NP )VP )VP )S )SBAR , (NP he )NP (VP said (SBAR (S (NP their operations )NP `` (VP continue (S (VP to (VP drain (NP (NP the resources )NP (PP of (NP *UNKC )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . '' )S  STOP
(S (NP *UNKC )NP (VP posted (NP a (ADJP (QP $ 3.3 million )QP )ADJP net loss )NP (PP in (NP the second quarter )NP )PP (PP on (NP (NP (QP $ 11.8 million )QP )NP (PP of (NP revenue )NP )PP )NP )PP , (PP compared (PP with (NP (NP a net loss )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP (PP in (NP the year-earlier period )NP )PP (PP on (NP (NP revenue )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )NP )PP )PP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP , (NP Equitec )NP (VP closed (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP , (S (ADJP unchanged )ADJP )S )VP . )S  STOP
(S (PP Because of (NP (NP (NP Tuesday 's )NP earthquake )NP (PP in (NP Northern California )NP )PP )NP )PP , (NP company officials )NP (VP could n't (ADVP immediately )ADVP (VP be (VP reached (PP for (NP additional comment )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP A spokesman )NP (PP for (NP *UNKC )NP )PP )NP (VP said (SBAR (S (NP (NP the 12 limited partnerships )NP , (SBAR (WHNP which )WHNP (S (VP were (VP marketed (PP by (NP (NP brokerage firms )NP and (NP financial planners )NP )NP )PP (PP between (NP 1979 and 1984 )NP )PP )VP )VP )S )SBAR , )NP (VP raised (NP (QP several hundred million )QP dollars )NP (PP from (NP investors )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (SBAR With (S (NP airline deals )NP (PP in (NP a tailspin )NP )PP )S )SBAR , (NP legendary Wall Street trader Michael Steinhardt )NP (VP could (VP have (NP (NP trouble )NP (S (VP *UNKING (PP out (PP of (NP USAir Group )NP )PP )PP )VP )S )NP )VP )VP )S , (NP traders )NP (VP say )VP . )S  STOP
(S (ADVP (NP (QP Only a )QP week )NP ago )ADVP , (SBAR (WHADVP when )WHADVP (S (NP airline buy-out fever )NP (VP was (ADVP already )ADVP (VP *UNKING (ADVP down )ADVP )VP )VP )S )SBAR , (NP Mr. Steinhardt )NP (VP was (ADJP engaged (PP in (NP (NP a *UNK )NP (PP with (NP USAir )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (NP He )NP (VP was (VP threatening (S (VP to (VP take (PRT over )PRT (NP the carrier )NP )VP )VP )S , (PP after (S (VP spending (NP an estimated (QP $ *UNKN million )QP )NP (S (VP to (VP build (NP an (ADJP 8.4 % )ADJP USAir stake )NP (PP for (NP his investment clients )NP )PP )VP )VP )S )VP )S )PP )VP )VP . )S  STOP
(S (NP The would-be raider )NP (VP (ADVP even )ADVP hired (NP an investment banker )NP (S (VP to (VP give (NP *UNK )NP (PP to (NP (NP his takeover threat )NP , (SBAR (WHNP which )WHNP (S (VP was (VP (ADVP widely )ADVP interpreted (PP as (NP an effort (S (VP to (VP *UNK (PRT out )PRT (NP (NP an *UNK )NP (PP (PP for (NP USAir )NP )PP , or (PP for (NP his own stake )NP )PP )PP )NP )VP )VP )S )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP In (S (VP fighting (NP USAir )NP )VP )S )PP , (NP Mr. Steinhardt )NP (VP was (VP *UNKED (PP against (NP (NP another investor )NP , (NP *UNK Warren *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP bought (PP into (NP USAir )NP )PP (S (VP to (VP help (S (VP fend (PRT off )PRT (NP Mr. Steinhardt )NP )VP )S )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP (NP Mr. Buffett 's )NP firm )NP , (NP *UNKC *UNKC )NP , )NP (VP holds (NP (NP a (ADJP much bigger )ADJP stake )NP (PP in (NP the carrier )NP )PP (PP than (NP (NP (NP Mr. Steinhardt 's )NP firm )NP , (NP Steinhardt Partners )NP )NP )PP )NP )VP . )S  STOP
(S (ADVP Now )ADVP , (PP in (NP (NP the wake )NP (PP of (NP (NP (NP UAL 's )NP troubles )NP (PP in (S (VP financing (NP its buy-out )NP )VP )S )PP )NP )PP )NP )PP , (NP the airline *UNKING game )NP (VP has (VP been (VP *UNKED )VP )VP )VP . )S  STOP
(S (PP Instead of (S (VP hoping (S (VP to (VP sell (NP his USAir stake )NP (PP at (NP (NP (NP analysts ' )NP estimated buy-out price )NP (PP of (NP (NP $ 80 )NP (NP a share )NP )NP )PP )NP )PP )VP )VP )S )VP )S )PP , (NP Mr. Steinhardt )NP (VP is (VP stuck (PP with (NP (NP (QP roughly 3.7 million )QP USAir shares )NP (SBAR (WHNP that )WHNP (S (VP (VP cost (NP him )NP (NP $ 45 )NP , (PP on (NP average )NP )PP , )VP but (VP (NP yesterday )NP closed (PP at (NP (QP 40 1\/2 )QP )NP )PP , (ADVP up (NP 1\/4 )NP )ADVP , (PP in (NP New York Stock Exchange composite trading )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S `` (S (NP (NP It )NP )NP (VP does n't (VP make (NP sense )NP (S (VP to (VP *UNK (ADVP out )ADVP (PP at (NP this price )NP )PP )VP )VP )S )VP )VP )S , '' (NP Mr. Steinhardt )NP (VP says , (SBAR though (S (NP he )NP (VP (VP has (VP stopped (NP his takeover talk )NP )VP )VP and (VP (ADVP now )ADVP *UNK (NP (NP USAir managers ' )NP `` operating skills )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (PP At (NP the current price )NP )PP , (NP the USAir holding )NP (VP represents (NP (NP 9 % )NP (PP of (NP (NP all the assets )NP (SBAR (WHNP that )WHNP (S (NP Mr. Steinhardt )NP (VP manages )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (ADVP (NP A week )NP ago )ADVP , (NP USAir stock )NP (ADVP briefly )ADVP (VP soared (PP above (NP 52 )NP )PP (PP after (NP (NP a report )NP (PP in (NP USA Today )NP )PP (SBAR that (S (NP Mr. Steinhardt )NP (VP might (VP launch (NP (NP a hostile bid )NP (PP for (NP the carrier )NP )PP )NP )VP )VP )S )SBAR )NP )PP , (SBAR though (S (NP takeover speculators )NP (VP say (SBAR (S (NP they )NP (VP were (ADJP skeptical )ADJP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (SBAR If (S (S (NP USAir )NP (VP is (ADJP worth (NP 80 )NP )ADJP (PP as (NP a takeover )NP )PP )VP )S and (S (NP the stock )NP (VP went (PP to (NP 52 )NP )PP )VP )S )S )SBAR , (NP the market )NP (VP was (VP saying (SBAR (S (NP (NP Steinhardt 's )NP presence )NP (VP was n't (ADJP worth (NP anything )NP )ADJP , (PP in (NP (NP terms )NP (PP of (S (VP getting (S (NP a deal )NP (ADJP done )ADJP )S )VP )S )PP )NP )PP )VP )S )SBAR )VP )VP )S , '' (VP says )VP (NP a veteran takeover *UNK )NP . )SINV  STOP
(S (NP Traders )NP (VP say (SBAR (S (NP this )NP all (VP goes (S (VP to (VP show (SBAR that (S (NP even the *UNK money manager )NP (VP can (VP get (S (VP infected (PP with (NP crowd *UNK )NP )PP )VP )S )VP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP In (S (VP trying (S (VP to (VP *UNK (NP USAir )NP )VP )VP )S )VP )S )PP , (NP Mr. Steinhardt )NP (VP (VP abandoned (NP (NP his usual role )NP (PP as (NP a passive investor )NP )PP )NP )VP , and (VP ran (PP into (NP *UNK )NP )PP )VP )VP . )S  STOP
(S (ADVP Moreover )ADVP , (PP unlike (NP (NP Mr. Buffett )NP , (SBAR (WHNP who )WHNP (S (ADVP often )ADVP (VP holds (NP (NP big stakes )NP (PP in (NP companies )NP )PP )NP (PP for (NP years )NP )PP )VP )S )SBAR )NP )PP , (NP Mr. Steinhardt )NP (VP has n't (PP in (NP the past )NP )PP (VP done (NP much long-term investing )NP )VP )VP . )S  STOP
(S (NP (NP Mr. Steinhardt )NP , (SBAR (WHNP who )WHNP (S (VP runs (NP (QP about $ 1.7 billion )QP )NP (PP for (NP Steinhardt Partners )NP )PP )VP )S )SBAR , )NP (VP made (NP his name )NP (PP as (NP a *UNKING trader )NP )PP , (S (VP moving (PP (PP in )PP and (PP out (PP of )PP )PP (NP stocks )NP )PP (PP with (NP *UNK )NP )PP -- (S (VP *UNKING (NP (NP himself )NP and (NP his investment clients )NP )NP )VP )S )VP )S )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP his big losses )NP (PRN , (PP for (NP instance )NP )PP (PP in (NP (NP 1987 's )NP crash )NP )PP , )PRN )NP (ADVP generally )ADVP (VP have (VP been (NP trading losses )NP )VP )VP . )S  STOP
(S So , (NP some )NP (VP see (NP a special *UNK )NP (PP in (NP the fact (SBAR that (S (NP (NP Mr. Steinhardt )NP , (NP the trader )NP , )NP (ADVP now )ADVP (VP is (VP *UNKED (PP with (NP a massive , *UNK airline holding )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Analysts )NP (VP say (SBAR (S (NP USAir stock )NP (VP might (VP lose (NP (QP four or five )QP points )NP (SBAR if (S (NP the Steinhardt stake )NP (VP was (VP dumped (ADVP all at once )ADVP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (PP As (NP a result )NP )PP , (NP Mr. Steinhardt )NP (VP must (VP *UNK (NP himself )NP (PP (PP to (S (VP selling (NP USAir )NP (PP at (NP a loss )NP )PP )VP )S )PP , or (PP to (S (VP holding (NP the shares )NP (PP as (NP an *UNKED investment )NP )PP )VP )S )PP )PP )VP )VP . )S  STOP
(SINV `` (S (NP Long-term investing )NP -- (NP that )NP (VP 's not (NP (NP Steinhardt 's )NP style )NP )VP )S , '' (VP *UNK )VP (NP (NP an investor )NP (SBAR (WHNP who )WHNP (S (ADVP once )ADVP (VP worked (PP at (NP Steinhardt Partners )NP )PP )VP )S )SBAR )NP . )SINV  STOP
(SINV `` (S (NP He )NP (VP does n't (ADVP usually )ADVP (VP risk (NP that much )NP (SBAR unless (S (NP he )NP (VP thinks (SBAR (S (NP he )NP (VP has (NP an *UNK )NP (PP in (NP the hole )NP )PP )VP )S )SBAR )VP )S )SBAR )VP )VP )S , '' (VP adds )VP (NP another Steinhardt Partners *UNK )NP . )SINV  STOP
(S (PP In (NP recent days )NP )PP , (NP traders )NP (VP say (SBAR (S (NP USAir )NP (VP has (VP been (VP buying (NP its own shares )NP , (PP as (NP (NP part )NP (PP of (NP a program (S (VP to (VP retire (NP (QP about eight million )QP USAir shares )NP )VP )VP )S )NP )PP )NP )PP )VP )VP )VP )S )SBAR , (SBAR though (S (NP the carrier )NP (VP wo n't (VP discuss (NP its buy-back program )NP )VP )VP )S )SBAR )VP . )S  STOP
(SINV (S (SBAR If (S (NP USAir )NP (VP stepped (PRT up )PRT (NP its share purchases )NP )VP )S )SBAR , (NP that )NP (VP might (VP be (NP (NP a way )NP (SBAR for (S (NP Mr. Steinhardt )NP (VP to (VP get (ADVP out )ADVP )VP )VP )S )SBAR )NP )VP )VP )S , (VP says )VP (NP (NP Timothy *UNKC )NP , (NP a Merrill Lynch analyst )NP )NP . )SINV  STOP
(S (S But (NP USAir )NP (VP might not (VP want (S (VP to (VP help (NP Mr. Steinhardt )NP )VP )VP )S )VP )VP )S , (NP he )NP (VP adds )VP . )S  STOP
(S (PP In (NP 1987 )NP )PP , (NP USAir Chairman Edwin *UNKC )NP (VP *UNKED (SBAR (WHADVP when )WHADVP (S (NP Trans World Airlines Chairman Carl Icahn )NP (VP threatened (S (VP to (VP take (PRT over )PRT (NP the carrier )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Mr. Icahn )NP , (NP (NP a (ADJP (ADVP much more )ADVP practiced )ADJP raider )NP (PP than (NP Mr. Steinhardt )NP )PP )NP , )NP (ADVP eventually )ADVP (VP sold (NP a big USAir stake )NP (PP at (NP a tiny profit )NP )PP (PP through (NP Bear , Stearns )NP )PP )VP . )S  STOP
(S (NP Mr. Steinhardt )NP (ADVP also )ADVP (VP could (VP take (NP that route )NP )VP )VP . )S  STOP
(S (NP He )NP (VP *UNK (NP big trading commissions )NP (PP on (NP Wall Street firms )NP )PP )VP . )S  STOP
(S (S (ADVP However )ADVP , (PP with (S (NP airline stocks )NP (VP *UNKING )VP )S )PP , (NP he )NP (VP might not (VP get (NP a (ADJP very good )ADJP price )NP (PP for (NP his shares )NP )PP )VP )VP )S , (NP traders )NP (VP say )VP . )S  STOP
(SINV (ADJP *UNKLY *UNKING (PP for (NP Mr. Steinhardt )NP )PP )ADJP (PRN , (SINV (VP say )VP (NP (NP people )NP (ADJP close (PP to (NP him )NP )PP )ADJP )NP )SINV , )PRN (VP is )VP (SBAR that (S (NP (NP USAir 's )NP Mr. *UNKC )NP (VP wo n't (ADVP even )ADVP (VP take (NP his telephone calls )NP )VP )VP )S )SBAR . )SINV  STOP
(S (SBAR While (S (NP USAir )NP (VP is n't (VP considered (ADJP absolutely *UNK- )ADJP )VP )VP )S )SBAR , (NP (NP its *UNK )NP , (PP including (NP (NP the sale )NP (PP in (NP August )NP )PP (PP of (NP (NP a (ADJP 12 % )ADJP stake )NP (PP in (NP the company )NP )PP )NP )PP (PP to (NP (NP Mr. Buffett 's )NP *UNKC *UNKC )NP )PP )NP )PP , )NP (VP are (ADJP pretty strong )ADJP )VP . )S  STOP
(S (S (NP (NP (NP USAir 's )NP deal )NP (PP with (NP Mr. Buffett )NP )PP )NP `` (VP was n't (ADVP exactly )ADVP (NP (NP a *UNKING example )NP (PP of (NP shareholder democracy )NP )PP )NP )VP )S , '' (NP Mr. Steinhardt )NP (VP says )VP . )S  STOP
(S (PP Since (NP last April )NP )PP , (NP the investor )NP (VP has (VP made (NP (NP seven so-called *UNK filings )NP (PP in (NP USAir )NP )PP )NP , (SBAR as (S (NP he )NP (VP bought and sold (NP (NP the company 's )NP stock )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Such *UNK )NP (PP of (NP big holdings )NP )PP )NP (ADVP often )ADVP (VP are (VP used (PP by (NP raiders )NP )PP (S (VP (VP to (VP try (S (VP to (VP *UNK (NP (NP a company 's )NP managers )NP )VP )VP )S )VP )VP , and (VP to (VP *UNK (NP (NP interest )NP (PP in (NP the stock )NP )PP )NP )VP )VP )VP )S )VP )VP . )S  STOP
(S But (PP of (NP course )NP )PP (NP (NP it )NP )NP (VP would (VP be (ADJP highly unusual )ADJP (SBAR for (S (NP (NP an investment fund )NP (PP such as (NP Steinhardt Partners )NP )PP )NP (VP to (VP take (PRT over )PRT (NP a company )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP USAir )NP and (NP Mr. Buffett )NP )NP (VP wo n't (VP talk (PP about (NP Mr. Steinhardt )NP )PP (ADVP at all )ADVP )VP )VP . )S  STOP
(S (NP Analysts )NP (VP say (SBAR (S (NP USAir )NP (VP has (NP great promise )NP )VP )S )SBAR )VP . )S  STOP
(SINV (S (PP By (NP (NP the second half )NP (PP of (NP 1990 )NP )PP )NP )PP , (NP USAir stock )NP (VP could (VP hit (NP 60 )NP )VP )VP )S , (VP says )VP (NP (NP *UNKC *UNKC )NP (PP of (NP Shearson Lehman Hutton )NP )PP )NP . )SINV  STOP
(S (NP She )NP (VP thinks (SBAR (S (NP traders )NP (VP should (VP buy (NP the stock )NP (SBAR if (S (NP it )NP (VP *UNK (PP to (NP 35 )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S But (ADVP meanwhile )ADVP , (NP USAir )NP (VP is (VP expected (S (VP to (VP show (NP (NP losses )NP or (NP lackluster profit )NP )NP (PP for (NP several quarters )NP )PP (SBAR as (S (NP it )NP (VP tries (S (VP to (VP *UNK (NP (NP *UNKC Airlines )NP , (SBAR (WHNP which )WHNP (S (NP it )NP (VP acquired )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP some investors )NP (VP think (SBAR (S (NP (NP a recession )NP or (NP renewed *UNK wars )NP )NP (VP will (VP *UNK (NP airline stocks )NP (PP in (NP coming months )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP However )ADVP , (NP Mr. Steinhardt )NP (VP says (SBAR (S (NP he )NP (VP 's `` (ADJP comfortable )ADJP (S (VP holding (NP USAir )NP (PP as (NP an investment )NP )PP )VP )S )VP )S )SBAR )VP . '' )S  STOP
(S (SBAR While (S (NP he )NP (VP has (VP bought and sold (NP some USAir shares )NP (PP in (NP recent days )NP )PP )VP )VP )S )SBAR , (NP he )NP (VP says (SBAR that (S (ADVP contrary (PP to (NP rumors )NP )PP )ADVP , (NP he )NP (VP has n't (VP tried (S (VP to (VP *UNK (NP his holding )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Steinhardt )NP (VP adds (SBAR that (S (NP he )NP (VP bought (NP USAir stock )NP (NP earlier this year )NP (PP as `` (NP (NP part )NP (PP of (NP (NP a fundamental investment )NP (PP in (NP the airline group )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . '' )S  STOP
(S (PP In (NP 1989 )NP )PP , (NP Mr. Steinhardt )NP (VP says (SBAR (S (NP he )NP (VP made (NP money )NP (S (VP trading (PP in (NP (NP Texas Air )NP , (NP AMR )NP and (NP UAL )NP )NP )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (ADVP Overall )ADVP , (NP his investments )NP (ADVP so far )ADVP (NP this year )NP (VP are (VP showing (NP (NP gains )NP (PP of (NP (QP about 20 )QP % )NP )PP )NP )VP )VP )S , (NP he )NP (VP adds )VP . )S  STOP
(SQ Does (NP Mr. Steinhardt )NP (VP *UNK (NP (NP his *UNK )NP (PP into (NP the *UNK- game )NP )PP )NP )VP ? )SQ  STOP
(S (NP (NP People )NP (ADJP close (PP to (NP the investor )NP )PP )ADJP )NP (VP say (SBAR (S (NP that )NP (VP was (NP (NP an experiment )NP (SBAR (S (NP he )NP (VP is (ADJP unlikely (S (VP to (VP repeat )VP )VP )S )ADJP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP I )NP (VP do n't (VP think (SBAR (S (NP you )NP (VP 'll (VP find (SBAR (S (NP I )NP (VP 'm (VP making (NP (NP a radical change )NP (PP in (NP my traditional investment style )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP )S , '' (NP Mr. Steinhardt )NP (VP says )VP . )S  STOP
(S (NP *UNKC Resources Inc. )NP (VP said (SBAR (S (NP it )NP (VP called (PP for (NP redemption )NP )PP (PP on (NP Nov. 21 )NP )PP (NP (NP its (QP $ *UNKN million )QP )NP (ADJP outstanding )ADJP (PP of (NP (NP (ADJP 8 % )ADJP convertible subordinated debentures )NP (ADJP due (NP *UNKN )NP )ADJP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The debentures )NP (VP were (VP issued (PP in (NP (NP the face amount )NP (PP of (NP (QP $ 46 million )QP )NP )PP )NP )PP (PP on (NP July 11 , 1988 )NP )PP )VP )VP )S , (NP the (NAC Ashland , Ky. , )NAC coal mining , water transportation and construction company )NP (VP said )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP the redemption )NP (VP is (VP permitted (SBAR because (S (NP (NP the price )NP (PP of (NP (NP *UNKC 's )NP stock )NP )PP )NP (VP has (VP *UNKED or exceeded (NP $ *UNKN )NP (PP for (NP 20 consecutive trading days )NP )PP , (NP (NP a condition )NP (VP set (PP in (NP (NP the terms )NP (PP of (NP the debentures )NP )PP )NP )PP )VP )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC holders )NP (VP are (VP expected (S (VP to (VP convert (NP (NP most )NP (PP of (NP the debentures )NP )PP )NP (PP into (NP common )NP )PP (SBAR because (S (NP (NP the value )NP (PP of (NP (NP the stock )NP (VP received (PP in (NP a conversion )NP )PP )VP )NP )PP )NP (VP would (VP exceed (NP the (ADJP $ *UNKN )ADJP redemption price )NP )VP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (NP Commodore International Ltd. )NP (VP said (SBAR (S (NP it )NP (VP will (VP report (NP a loss )NP (PP for (NP (NP the first quarter )NP (VP ended (NP Sept. 30 )NP )VP )NP )PP (SBAR because (S (NP (NP sales )NP (PP of (NP (NP personal computers )NP (PP for (NP the home market )NP )PP )NP )PP )NP (VP remained (ADJP weak )ADJP (PP in (NP some major countries )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP (VP will (VP mark (NP (NP the second consecutive quarterly loss )NP (PP for (NP Commodore )NP )PP )NP )VP )VP and (VP will (VP raise (NP (NP additional questions )NP (PP about (SBAR whether (S (NP it )NP (VP can (VP sustain (NP (NP the turnaround )NP (SBAR (S (NP it )NP (VP had (VP seemed (S (VP to (VP be (VP engineering )VP )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )PP )NP )VP )VP )VP . )S  STOP
(S (NP (NP Commodore )NP , (NP (NP West *UNKC )NP , (NP Pa. )NP , )NP )NP (VP had (VP said (PP in (NP August )NP )PP (SBAR that (S (NP it )NP (VP (VP was (VP consolidating (NP manufacturing )NP (S (VP to (VP cut (NP costs )NP )VP )VP )S )VP )VP and (VP expected (S (VP to (VP be (ADJP profitable )ADJP (PP in (NP the fiscal first quarter )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Commodore )NP (VP said (SBAR (SBAR that (S (NP its announcement )NP (VP is (VP based (PP on (NP preliminary information )NP )PP )VP )VP )S )SBAR and (SBAR that (S (NP the situation )NP (VP could (VP look (ADJP different )ADJP (PP by (NP (NP the time )NP (SBAR (S (NP final results )NP (VP are (VP announced (NP early next month )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (PP In (NP fact )NP )PP , (NP (NP Commodore 's )NP fiscal fourth-quarter loss )NP (VP was (ADJP (ADJP (NP (QP $ 2 million )QP )NP *UNK )ADJP (SBAR than (S (NP Commodore )NP (VP had (VP expected )VP )VP )S )SBAR )ADJP (SBAR (NP a few weeks )NP after (S (NP the quarter )NP (VP closed )VP )S )SBAR )VP . )S  STOP
(S (ADVP Still )ADVP , (NP (NP even results )NP (VP approaching (NP *UNK- )NP )VP )NP (VP would (VP mark (NP a sharp weakening )NP (PP compared (PP with (NP (NP fiscal 1989 first-quarter earnings )NP (PP of (NP (NP (QP $ 9.6 million )QP )NP , or (NP (NP 30 cents )NP (NP a share )NP )NP )NP )PP , (PP on (NP (NP sales )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )NP )PP )PP )VP )VP . )S  STOP
(S (S (VP Reflecting (NP (NP concerns )NP (PP about (NP (NP Commodore 's )NP outlook )NP )PP )NP )VP )S , (NP its stock )NP (VP has (VP plunged (NP (QP more than 50 )QP % )NP (PP since (NP May )NP )PP , (S (VP closing (NP yesterday )NP (S (ADJP unchanged )ADJP )S (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP (PP in (NP composite trading )NP )PP (PP on (NP the New York Stock Exchange )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP The price )NP (VP can (VP be (VP expected (S (VP to (VP erode (ADVP further )ADVP )VP )VP )S , (SBAR because (S (NP the loss estimate )NP (VP came (SBAR after (S (NP the market )NP (VP closed )VP )S )SBAR )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP Commodore )NP (VP has (VP seemed (S (VP to (VP be (VP setting (NP the stage )NP (ADVP recently )ADVP (PP for (NP (NP progress )NP (PP in (NP (NP the U.S. )NP , (SBAR (WHADVP where )WHADVP (S (NP its *UNK- sales )NP (VP have (VP been (ADJP (ADJP so dismal )ADJP )ADJP (PP for (NP years )NP )PP (SBAR that (S (NP Commodore )NP (VP is (ADJP close (PP to (S (VP dropping (PRT off )PRT (NP (NP research firms ' )NP *UNK- *UNK )NP )VP )S )PP )ADJP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP Commodore )NP (VP has (VP assembled (NP an experienced management team )NP )VP )VP )S , (S (NP it )NP (VP has (VP persuaded (NP many more dealers )NP (S (VP to (VP carry (NP its products )NP )VP )VP )S )VP )VP )S and (S (NP it )NP (VP has (VP *UNKED (NP a *UNK advertising campaign )NP )VP )VP )S . )S  STOP
(S But (NP those )NP (VP represent (NP (NP long-term strategies )NP (SBAR (WHNP that )WHNP (S (ADVP probably )ADVP (VP wo n't (VP succeed (ADVP quickly )ADVP , (SBAR even if (S (NP they )NP (VP turn (ADVP out )ADVP (S (VP to (VP be (NP the right ones )NP )VP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (NP the meantime )NP )PP , (NP the strategies )NP (VP will (VP increase (NP expenses )NP )VP )VP . )S  STOP
(S (NP Commodore )NP (VP had (VP been (VP counting (PP on (NP its consumer business )NP )PP (S (VP to (VP stay (ADJP *UNKLY healthy (S (VP to (VP support (NP (NP its efforts )NP (PP (PP in (NP other areas )NP )PP -- (PP (ADVP mainly )ADVP in (S (VP getting (S (NP schools and businesses )NP (VP to (VP use (NP (NP its *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP (VP has (NP *UNK graphics )NP )VP yet (VP has (VP been (ADJP slow (S (VP to (VP catch (PRT on )PRT )VP )VP )S )ADJP (SBAR because (S (NP it )NP (VP is n't (ADJP *UNK (PP with (NP Apple Computer Inc. or International Business Machines Corp. hardware )NP )PP )ADJP )VP )S )SBAR )VP )VP )VP )S )SBAR )NP )VP )VP )S )VP )S )PP )PP )NP )VP )VP )S )ADJP )VP )VP )S )VP )VP )VP . )S  STOP
(S But (NP (NP sales )NP (PP to (NP consumers )NP )PP )NP (VP have (VP become (ADJP difficult )ADJP (PP during (NP the past several months )NP )PP , (PP (ADVP even )ADVP in (NP (NP West Germany )NP , (SBAR (WHNP which )WHNP (S (VP has (VP been (PP by (ADVP far )ADVP )PP (NP (NP Commodore 's )NP strongest market )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP The Commodore 64 and *UNKN )NP , (VP (ADVP mainly )ADVP used (PP for (NP (NP children 's )NP (NX (NX educational software )NX and (NX games )NX )NX )NP )PP )VP , )NP (VP had (VP surprised (NP market researchers )NP (PP by (S (VP continuing (S (VP to (VP produce (NP strong sales )NP (SBAR even though (S (NP other *UNK- personal computers )NP (ADVP now )ADVP (VP (VP operate (ADVP (NP several times )NP as fast )ADVP )VP and (VP have (NP (ADJP much more )ADJP memory )NP )VP )VP )S )SBAR )VP )VP )S )VP )S )PP )VP )VP . )S  STOP
(S (S (NP Commodore )NP (VP has (VP said (SBAR (S (NP it )NP (VP expects (S (NP sales )NP (VP to (VP rebound )VP )VP )S )VP )S )SBAR )VP )VP )S , but (S (NP market researchers )NP (VP have (VP said (SBAR that (S (NP (NP sales )NP (PP of (NP the *UNK- products )NP )PP )NP (VP may (ADVP finally )ADVP (VP be (VP *UNKING (ADVP off )ADVP )VP )VP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (NP Stock prices )NP (VP closed (S (ADJP slightly higher )ADJP )S (PP in (NP (NP the first routine trading day )NP (PP since (NP (NP Friday 's )NP big plunge )NP )PP )NP )PP )VP . )S  STOP
(S (NP Some issues )NP (VP were (VP affected (PP by (NP (NP (NP Tuesday 's )NP devastating earthquake )NP (PP in (NP the San Francisco area )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Activity )NP (VP continued (S (VP to (VP slow (PP from (NP (NP the *UNK pace )NP (VP set (PP during (NP (NP (NP (NP the market 's )NP plunge )NP (NP late Friday )NP )NP and (NP (NP its rebound )NP (NP Monday )NP )NP )NP )PP )VP )NP )PP , (SBAR as (S (NP players )NP (VP began (S (VP to (VP set (NP their *UNK )NP (PP on (NP (NP events )NP (VP coming (NP later this week )NP )VP )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP The Dow Jones Industrial Average )NP (VP *UNKED (PP through (NP the session )NP )PP (PP within (NP (NP a trading range )NP (PP of (NP (QP about 30 )QP points )NP )PP )NP )PP (PP before (S (VP closing (PP with (NP (NP a gain )NP (PP of (NP *UNKN )NP )PP )NP )PP (PP at (NP *UNKN )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP *UNKC averages )NP (ADVP also )ADVP (VP posted (NP modest gains )NP )VP . )S  STOP
(S (S (NP (NP Standard & Poor 's )NP *UNK- Index )NP (VP rose (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )VP )S , (S (NP the Dow Jones Equity Market Index )NP (VP rose (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )VP )S and (S (NP the New York Stock Exchange Composite Index )NP (VP gained (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )VP )S . )S  STOP
(S (NP (QP Some *UNKN )QP New York Stock Exchange issues )NP (VP advanced (PP in (NP price )NP )PP , (SBAR while (S (NP *UNKN )NP (VP declined )VP )S )SBAR )VP . )S  STOP
(S But (NP the Dow Jones Transportation Average )NP (VP went (ADVP down )ADVP (PP for (NP the seventh consecutive session )NP )PP , (PP due (ADVP largely )ADVP (PP to (NP (NP further selling )NP (PP in (NP UAL )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP The average )NP (VP (VP dropped (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )VP and (VP has (ADVP now )ADVP (VP lost (NP (NP *UNKN % )NP (PP of (NP its value )NP )PP )NP (SBAR since (S (NP the losing *UNK )NP (VP began (NP Oct. 10 )NP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP Big Board volume )NP (VP dropped (PP to (NP *UNKN shares )NP )PP , (PP in (NP (NP line )NP (PP with (NP (NP the level )NP (PP of (NP trading )NP )PP (PP over (NP the past few weeks )NP )PP )NP )PP )NP )PP , (PP from (NP *UNKN million )NP (NP Tuesday )NP )PP )VP . )S  STOP
(S (NP Traders )NP (VP cited (NP (NP (NP anticipation )NP (PP of (NP (NP the consumer price report )NP (PP for (NP September )NP )PP , (ADJP due (NP today )NP )ADJP )NP )PP )NP , and (NP (NP (NP tomorrow 's )NP expiration )NP (PP of (NP October stock-index futures and options )NP )PP )NP )NP (PP as (NP (NP major factors )NP (PP in (NP the slowdown )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP (NP activity )NP (PP at (NP (NP a number )NP (PP of (NP (ADJP San *UNKED )ADJP brokerage houses )NP )PP )NP )PP )NP (VP was (VP *UNKED (PP as (NP (NP a result )NP (PP of (NP (NP the earthquake )NP , (SBAR (WHNP which )WHNP (S (VP knocked (PRT out )PRT (NP (NP power lines )NP and (NP telephone service )NP )NP (PP throughout (NP the Bay area )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Stocks )NP (VP (VP retreated (PP to (NP session lows )NP )PP (PP (ADVP just )ADVP after (NP the opening )NP )PP (PP amid (NP (NP worries )NP (PP about (NP (NP the market impact )NP (PP of (NP the quake )NP )PP )NP )PP )NP )PP )VP , but (VP (ADVP quickly )ADVP snapped (ADVP back )ADVP (PP to (NP higher levels )NP )PP (PP with (NP (NP the help )NP (PP of (NP *UNKED program buying )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP The early move )NP (ADVP essentially )ADVP (VP established (NP (NP the day 's )NP trading range )NP )VP )S , and (S (NP traders )NP (VP said (SBAR (S (NP they )NP (VP saw (NP (NP little )NP (PP of (NP (NP the program activity )NP (SBAR (WHNP that )WHNP (S (VP has (VP battered (NP the market )NP (ADVP recently )ADVP )VP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )VP )S . )S  STOP
(S `` (NP I )NP (VP did n't (VP expect (S (NP it )NP (VP to (VP be (NP this quiet )NP )VP )VP )S )VP )VP . )S  STOP
(SINV (S (NP I )NP (VP expected (S (VP to (VP see (NP more volatility )NP (SBAR as (S (NP (NP some )NP (PP of (NP (NP the institutions )NP (SBAR (WHNP who )WHNP (S (VP were (VP *UNKED (NP last Friday )NP )VP )VP )S )SBAR )NP )PP )NP (VP did (NP some selling )NP )VP )S )SBAR )VP )VP )S )VP )S , '' (VP said )VP (NP (NP Raymond F. *UNKC )NP , (NP (NP a market strategist )NP (PP at (NP (NP *UNKC Mason Wood Walker )NP , (NP Baltimore )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP he )NP (VP expects (S (NP prices )NP (VP to (VP show (NP some renewed *UNK )NP (PP over (NP the next few sessions )NP )PP (SBAR as (S (NP institutions )NP (VP *UNK- (NP (NP their stance )NP (PP toward (NP the market )NP )PP )NP (PP in (NP (NP light )NP (PP of (NP its decline )NP )PP )NP )PP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP I )NP (VP would (VP suspect (SBAR that (S (NP (NP a lot )NP (PP of (NP investment committees )NP )PP )NP (VP are (VP looking (PP into (SBAR whether (S -LRB- (NP they )NP -RRB- (VP want (S (VP to (VP be (PP in (NP stocks )NP )PP (ADVP at all )ADVP )VP )VP )S )VP )S )SBAR )PP )VP )VP )S )SBAR )VP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP Insurance stocks )NP (VP were (VP sold (PP at (NP the opening )NP )PP (PP amid (NP (NP concerns )NP (PP about (NP (NP the level )NP (PP of (NP (NP damage claims )NP (SBAR (S (NP the companies )NP (VP would (VP receive (PP as (NP (NP a result )NP (PP of (NP the earthquake )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S But (NP those issues )NP (VP (VP recovered (ADVP quickly )ADVP )VP and (VP turned (ADJP higher )ADJP )VP (PP because of (NP expectations (SBAR that (S (NP (NP the quake )NP and (NP the recent Hurricane Hugo )NP )NP (VP would (VP set (NP the stage )NP (PP for (NP (NP an increase )NP (PP in (NP premium rates )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP Issues )NP (PP of (NP insurance brokers )NP )PP )NP (VP were (ADJP especially strong )ADJP )VP . )S  STOP
(S (S (NP Marsh & McLennan )NP (VP advanced (NP (QP 3 1\/8 )QP )NP (PP to (NP (QP 75 7\/8 )QP )NP )PP )VP )S , (S (NP Alexander & Alexander Services )NP (VP climbed (NP 2 )NP (PP to (NP 32 )NP )PP )VP )S and (S (NP *UNKC & Black )NP (VP firmed (NP (QP 1 7\/8 )QP )NP (PP to (NP (QP 37 1\/2 )QP )NP )PP )VP )S . )S  STOP
(S (PP (ADVP Elsewhere )ADVP in (NP the group )NP )PP , (S (NP General *UNK )NP (VP rose (NP (QP 2 3\/4 )QP )NP (PP to (NP (QP 86 1\/2 )QP )NP )PP )VP )S , (S (NP American International Group )NP (VP gained (NP (QP 3 1\/4 )QP )NP (PP to (NP (QP 102 5\/8 )QP )NP )PP )VP )S , (S (NP Aetna Life & Casualty )NP (VP added (NP (QP 2 3\/8 )QP )NP (PP to (NP (QP 59 1\/2 )QP )NP )PP )VP )S and (S (NP *UNKC )NP (VP advanced (NP 7\/8 )NP (PP to (NP (QP 62 1\/2 )QP )NP )PP )VP )S . )S  STOP
(S (NP (NP *UNKC )NP , (NP (NP the parent )NP (PP of (NP *UNKC Financial )NP )PP )NP , )NP (VP rose (NP (QP 1 3\/8 )QP )NP (PP to (NP (QP *UNKN 1\/8 )QP )NP )PP )VP . )S  STOP
(S (NP (NP Companies )NP (PP in (NP the (UCP construction , engineering and *UNK- )UCP sectors )NP )PP )NP (VP were (PP among (NP (NP other beneficiaries )NP (PP of (NP *UNKED buying )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP The *UNK- sector )NP (VP was (NP (NP the session 's )NP best *UNK )NP (PP among (NP Dow Jones industry groups )NP )PP )VP )S ; (S (S (NP Fluor )NP (VP rose (NP 3\/4 )NP (PP to (NP (QP 33 3\/8 )QP )NP )PP )VP )S , (S (NP *UNKC *UNKC )NP (VP gained (NP (QP 2 1\/4 )QP )NP (PP to (NP (QP 44 1\/8 )QP )NP )PP )VP )S , (S (NP Foster *UNKC )NP (VP added (NP 3\/8 )NP (PP to (NP (QP 18 1\/4 )QP )NP )PP )VP )S and (S (NP *UNKC )NP (VP climbed (NP (QP 2 3\/8 )QP )NP (PP to (NP (QP 39 3\/4 )QP )NP )PP )VP )S )S . )S  STOP
(S (PP Among (NP engineering firms )NP )PP , (S (NP *UNKC *UNKC )NP (VP rose (NP 5\/8 )NP (PP to (NP (QP 34 1\/4 )QP )NP )PP (PP on (NP the Big Board )NP )PP )VP )S and (S (NP four others )NP (VP rallied (PP on (NP the American Stock Exchange )NP )PP : (NP (NP (NP *UNKC Engineering Group )NP , (SBAR (WHNP which )WHNP (S (VP gained (NP (QP 1 1\/8 )QP )NP (PP to (NP (QP 25 3\/8 )QP )NP )PP )VP )S )SBAR , )NP (NP (NP *UNKC Engineering )NP , (SBAR (WHNP which )WHNP (S (VP rose (NP (QP 3 1\/2 )QP )NP (PP to (NP (QP 22 1\/2 )QP )NP )PP )VP )S )SBAR )NP ; (NP (NP Michael Baker )NP , (SBAR (WHNP which )WHNP (S (VP added (NP (QP 1 1\/4 )QP )NP (PP to (NP (QP 15 1\/4 )QP )NP )PP )VP )S )SBAR , )NP and (NP (NP American Science & Engineering )NP , (ADVP up (NP 1\/2 )NP (PP to (NP (QP 8 1\/2 )QP )NP )PP )ADVP )NP )NP )VP )S . )S  STOP
(S (PP Within (NP the *UNK- group )NP )PP , (S (NP Georgia-Pacific )NP (VP climbed (NP (QP 1 1\/4 )QP )NP (PP to (NP 58 )NP )PP )VP )S and (S (NP *UNKC )NP (VP added (NP 1 )NP (PP to (NP (QP 40 3\/4 )QP )NP )PP (SBAR after (S (NP Merrill Lynch )NP (VP recommended (NP the forest-products issues )NP )VP )S )SBAR )VP )S . )S  STOP
(S (S (NP *UNKC )NP (VP advanced (NP (QP 2 3\/4 )QP )NP (PP to (NP (QP 28 3\/4 )QP )NP )PP )VP )S , (S (NP Lone Star Industries )NP (VP gained (NP (QP 1 3\/4 )QP )NP (PP to (NP (QP 29 1\/4 )QP )NP )PP )VP )S , (S (NP *UNKC )NP (VP rose (NP 1 )NP (PP to (NP (QP 19 1\/2 )QP )NP )PP )VP )S , (S (NP *UNKC )NP (VP added (NP 5\/8 )NP (PP to (NP (QP 24 5\/8 )QP )NP )PP )VP )S and (S (NP *UNKC Industries )NP (VP rose (NP (QP 1 1\/4 )QP )NP (PP to (NP (QP 24 7\/8 )QP )NP )PP )VP )S . )S  STOP
(S (S (NP Pacific Gas & Electric )NP (VP fell (NP 3\/8 )NP (PP to (NP (QP 19 5\/8 )QP )NP )PP (PP in (NP (NP Big Board composite trading )NP (PP of (NP (QP 1.7 million )QP shares )NP )PP )NP )PP )VP )S and (S (NP Pacific Telesis Group )NP (VP slipped (NP 5\/8 )NP (PP to (NP (QP 44 5\/8 )QP )NP )PP (SBAR as (S (NP the companies )NP (VP worked (S (VP to (VP restore (NP service )NP (PP to (NP (NP areas )NP (VP affected (PP by (NP the quake )NP )PP )VP )NP )PP )VP )VP )S )VP )S )SBAR )VP )S . )S  STOP
(S (NP Chevron )NP (VP added (NP 1 )NP (PP to (NP 65 )NP )PP )VP . )S  STOP
(S (NP (NP The company )NP , (VP based (PP in (NP San Francisco )NP )PP )VP , )NP (VP (VP said (SBAR (S (NP it )NP (VP had (S (VP to (VP shut (PRT down )PRT (NP (NP a *UNK- pipeline )NP (PP in (NP the Bay area )NP )PP )NP )VP )VP )S (S (VP to (VP check (PP for (NP *UNK )NP )PP )VP )VP )S )VP )S )SBAR )VP but (VP added (SBAR that (S (NP (NP its refinery )NP (PP in (NP nearby (NAC Richmond , Calif. )NAC , )NP )PP )NP (VP was (ADJP *UNKED )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Other companies )NP (VP based (PP in (NP the area )NP )PP )VP )NP (VP include (NP (NP (NP Hewlett-Packard )NP , (SBAR (WHNP which )WHNP (S (VP rose (NP 1\/4 )NP (PP to (NP 49 )NP )PP )VP )S )SBAR )NP ; (NP (NP National Semiconductor )NP , (SBAR (WHNP which )WHNP (S (VP went (ADVP up (NP 1\/4 )NP )ADVP (PP to (NP (QP 7 5\/8 )QP )NP )PP )VP )S )SBAR , )NP and (NP (NP Genentech )NP , (SBAR (WHNP which )WHNP (S (VP eased (NP 1\/4 )NP (PP to (NP (QP 19 5\/8 )QP )NP )PP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (NP (NP None )NP (PP of (NP the firms )NP )PP )NP (VP reported (NP (NP any major damage )NP (PP to (NP facilities )NP )PP (PP as (NP (NP a result )NP (PP of (NP the quake )NP )PP )NP )PP )NP )VP . )S  STOP
(S (S (S (NP BankAmerica )NP (VP eased (NP 1\/2 )NP (PP to (NP (QP 31 7\/8 )QP )NP )PP )VP )S and (S (NP Wells Fargo )NP (VP lost (NP 1\/2 )NP (PP to (NP (QP 81 1\/2 )QP )NP )PP )VP )S )S ; (S (NP (NP the two bank holding companies )NP , (VP based (PP in (NP San Francisco )NP )PP )VP , )NP (VP were (VP forced (S (VP to (VP curtail (NP some operations )NP )VP )VP )S (ADVP due (PP to (NP the temblor )NP )PP )ADVP )VP )VP )S . )S  STOP
(S (PP Among (NP California savings-and-loan stocks )NP )PP , (S (NP *UNKC *UNKC )NP (VP eased (NP 3\/8 )NP (PP to (NP (QP 22 1\/4 )QP )NP )PP )VP )S , (S (NP *UNKED )NP (VP slid (NP 3\/4 )NP (PP to (NP (QP 24 1\/8 )QP )NP )PP )VP )S , (S (NP Great Western Financial )NP (VP dropped (NP 1\/2 )NP (PP to (NP (QP 21 1\/4 )QP )NP )PP )VP )S and (S (NP Golden West Financial )NP (VP fell (NP 5\/8 )NP (PP to (NP (QP 29 1\/4 )QP )NP )PP )VP )S . )S  STOP
(S (NP (NP UAL )NP , (NP (NP the parent company )NP (PP of (NP United Airlines )NP )PP )NP , )NP (VP *UNK (PP within (NP a *UNK- range )NP )PP (PP during (NP (NP the course )NP (PP of (NP the session )NP )PP )NP )PP (PP before (S (VP closing (PP at (NP (QP *UNKN 3\/4 )QP )NP )PP , (ADVP down (NP (QP 6 1\/4 )QP )NP )ADVP , (PP on (NP (QP 2.3 million )QP shares )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP (NP British Airways )NP , (NP (NP a member )NP (PP of (NP (NP the group )NP (SBAR (WHNP that )WHNP (S (VP had (VP offered (NP (NP $ 300 )NP (NP a share )NP )NP (PP for (NP UAL )NP )PP (PP in (NP a leveraged buy-out )NP )PP )VP )VP )S )SBAR )NP )PP )NP , )NP (VP said (SBAR (S (S (NP it )NP (VP had (ADVP yet )ADVP (S (VP to (VP receive (NP a revised proposal )NP )VP )VP )S )VP )S and (S (NP it )NP (VP was `` (PP in (NP no way )NP )PP (VP committed '' (PP to (NP (NP the completion )NP (PP of (NP a bid )NP )PP )NP )PP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP investor Marvin Davis )NP (VP withdrew (NP his backup (ADJP $ 300-a-share )ADJP takeover offer )NP )VP . )S  STOP
(S (SBAR While (S (NP UAL )NP (VP *UNKED )VP )S )SBAR , (NP (NP AMR )NP , (NP (NP the parent )NP (PP of (NP American Airlines )NP )PP )NP , )NP (VP pulled (PP out (PP of (NP its recent *UNK )NP )PP )PP (PP by (S (VP rising (NP 3\/4 )NP (PP to (NP 74 )NP )PP )VP )S )PP )VP . )S  STOP
(S (S (NP The stock )NP (VP had (VP been (PP on (NP the decline )NP )PP (SBAR since (S (NP (NP the financing )NP (PP for (NP the UAL buy-out )NP )PP )NP (VP fell (ADVP through )ADVP (PP on (NP Friday )NP )PP )VP )S )SBAR )VP )VP )S and (S (NP developer Donald Trump )NP (ADVP subsequently )ADVP (VP withdrew (NP (NP a takeover offer )NP (PP of (NP (NP $ 120 )NP (NP a share )NP )NP )PP (PP for (NP AMR )NP )PP )NP )VP )S . )S  STOP
(S (S (ADVP Also )ADVP , (NP AMR )NP (VP was (NP the (ADJP most active )ADJP Big Board issue )NP )VP )S ; (S (NP (QP 2.8 million )QP shares )NP (VP changed (NP hands )NP )VP )S . )S  STOP
(S (NP GTE )NP (VP added (NP (QP 1 1\/4 )QP )NP (PP to (NP (QP 65 3\/8 )QP )NP )PP )VP . )S  STOP
(S (NP PaineWebber )NP (VP (VP repeated (NP (NP a buy recommendation )NP (PP on (NP the stock )NP )PP )NP )VP and (VP raised (NP its 1990 earnings estimate )NP (PP by (NP (NP 35 cents )NP (NP a share )NP )NP )PP , (PP to (NP $ *UNKN )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP advanced (NP (QP 1 5\/8 )QP )NP (PP to (NP 63 )NP )PP (PP after (S (VP saying (SBAR (S (NP it )NP (VP was (ADJP comfortable (PP with (NP (NP analysts ' )NP projections (SBAR that (S (NP (NP third-quarter net income )NP (PP from (NP continuing operations )NP )PP )NP (VP would (VP be (PP between (NP (NP (NP 95 cents )NP and (NP $ 1.05 )NP )NP (NP a share )NP )NP )PP , (ADVP up (PP from (NP 69 cents )NP (ADVP (NP a year )NP ago )ADVP )PP )ADVP )VP )VP )S )SBAR )NP )PP )ADJP )VP )S )SBAR )VP )S )PP )VP . )S  STOP
(S (NP Springs Industries )NP (VP dropped (NP 1 3\/8 )NP (PP to (NP 36 )NP )PP )VP . )S  STOP
(S (NP (NP Analysts )NP (PP at (NP several brokerage firms )NP )PP )NP (VP lowered (NP (NP their 1989 and 1990 earnings estimates )NP (PP on (NP the company )NP )PP )NP (SBAR after (S (NP its third-quarter results )NP (VP proved (ADJP disappointing )ADJP )VP )S )SBAR )VP . )S  STOP
(NP (NP Trinova third-quarter loss )NP (PP after (NP (NP a charge )NP (PP for (NP (NP a planned restructuring )NP , (SBAR (WHNP which )WHNP (S (VP will (VP include (NP (NP (NP the closing or *UNKING )NP (PP of (NP (NP (QP about 25 )QP % )NP (PP of (NP its plants )NP )PP )NP )PP )NP and (NP (NP a work force cut )NP (PP of (NP (QP about 1,500 )QP )NP )PP (PP over (NP three years )NP )PP )NP )NP )VP )VP )S )SBAR )NP )PP )NP )PP . )NP  STOP
(S (NP The Amex Market Value Index )NP (VP snapped (NP a *UNK- losing *UNK )NP (PP by (S (VP rising (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP Volume )NP (VP totaled (NP *UNKN shares )NP )VP . )S  STOP
(S (NP Carnival *UNKC Lines Class A )NP (VP rose (NP (QP 1 1\/4 )QP )NP (PP to (NP (QP 22 3\/8 )QP )NP )PP )VP . )S  STOP
(S (NP The company )NP , (S (VP citing (NP market conditions )NP )VP )S , (VP postponed (NP a (ADJP (QP $ 200 million )QP )ADJP debt offer )NP )VP . )S  STOP
(S (NP Philip Morris Cos. )NP (VP posted (NP (NP a (ADJP 20 % )ADJP jump )NP (PP in (NP third-quarter profit )NP )PP )NP (PP on (NP a (ADJP 45 % )ADJP revenue increase )NP )PP , (S (VP reflecting (NP (NP strength )NP (PP in (NP (NP the company 's )NP cigarette , food and brewing businesses )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP Net income )NP (VP rose (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 81 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP the year-earlier (QP $ *UNKN million )QP )NP , or (NP (NP 67 cents )NP (NP a share )NP )NP )NP )PP )VP . )S  STOP
(S (NP Per-share figures )NP (VP have (VP been (VP adjusted (PP for (NP (NP a *UNKN stock split )NP (VP paid (NP earlier this month )NP )VP )NP )PP )VP )VP )VP . )S  STOP
(S (NP The (ADJP New York-based )ADJP tobacco , food and beer concern )NP (VP said (SBAR (S (NP revenue )NP (VP increased (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP composite trading )NP )PP (PP on (NP the New York Stock Exchange )NP )PP , (NP Philip Morris )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP up (NP 12.5 cents )NP )ADVP )VP . )S  STOP
(S (NP Philip Morris )NP (VP disclosed (NP (NP little detailed information )NP (PP about (NP (NP performance )NP (PP by (NP major business lines )NP )PP )NP )PP )NP (SBAR except (S (VP to (VP say (SBAR that (S (NP (NP most )NP , (PP including (NP (NP Philip Morris U.S.A. )NP , (NP Kraft General Foods )NP and (NP Miller Brewing Co. )NP , )NP )PP )NP (VP posted (NP increased revenues )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP net )NP (VP increased (NP 4.4 % )NP (PP to (NP (NP (NP (QP $ *UNKN billion )QP )NP , or (NP (NP $ 2.25 )NP (NP a share )NP )NP , )NP )NP )PP (PP from (NP (NP (QP $ 2 billion )QP )NP , (SBAR (WHNP which )WHNP (S (VP included (NP (NP (QP $ *UNKN million )QP )NP (VP reflecting (NP (NP the effect )NP (PP of (NP an accounting change )NP )PP )NP )VP )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP *UNKC Inc. )NP , (S (VP citing (NP depressed gold prices )NP )VP )S , (VP said (SBAR (S (NP it )NP (VP plans (S (VP to (VP suspend (NP operations )NP (PP for (NP an *UNK period )NP )PP (PP at (NP (NP its *UNKC gold mine )NP (PP in (NP *UNKC )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP said (PP in (NP (NP *UNKC )NP , (NP British Columbia )NP , )NP )PP (SBAR that (S (NP the production halt )NP (VP will (VP be (VP phased (ADVP in )ADVP (PP over (NP a *UNK- period )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (ADVP currently )ADVP (VP produces (NP gold )NP (PP at (NP (NP a cash operating cost )NP (PP of (NP (NP (NP $ *UNKN )NP (NP an ounce )NP )NP , (SBAR (WHNP which )WHNP (S (VP (VP is (ADJP high )ADJP (PP by (NP industry standards )NP )PP )VP and (VP (PP (NP $ 25 (QP or so )QP )NP above (NP the current spot price )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (ADVP also )ADVP (VP plans (S (PP in (NP the third quarter )NP )PP (VP (VP to (VP write (PRT down )PRT (NP (NP the carrying value )NP (PP of (NP the *UNKC mine )NP )PP )NP (PP by (NP (NP (QP 2.5 million )QP Canadian dollars )NP (PRN -LRB- (NP (QP US$ *UNKN million )QP )NP -RRB- )PRN )NP )PP )VP )VP , and (VP to (VP write (PRT off )PRT (NP (NP most )NP (PP of (NP (NP the (ADJP (QP C$ 6.3 million )QP )ADJP carrying value )NP (PP of (NP (NP its *UNKC gold property )NP (PP in (NP British Columbia )NP )PP )NP )PP )NP )PP )NP )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP *UNKC )NP (VP did n't (VP say (SBAR (WHNP what impact )WHNP (S (NP the moves )NP (VP would (VP have (PP on (NP (NP total gold output )NP or (NP earnings )NP )NP )PP )VP )VP )S )SBAR )VP )VP )S , and (S (NP company officials )NP (VP were n't (ADJP available )ADJP )VP )S . )S  STOP
(S (NP (NP (NP Computer Associates International Inc. )NP , (NP (NP Garden City )NP , (NP N.Y. )NP , )NP )NP and (NP Digital Equipment Corp. )NP )NP (VP said (SBAR (S (NP they )NP (VP agreed (S (VP to (VP (ADVP jointly )ADVP develop (NP (NP software )NP (SBAR (S (VP to (VP help (S (VP manage (NP (NP Digital 's )NP *UNKC computers )NP )VP )S )VP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Computer Associates )NP (VP (VP has (VP *UNKED (PRT out )PRT (NP a huge business )NP (S (VP selling (NP such software )NP (PP for (NP (NP use )NP (PP in (NP (NP managing networks )NP (PP of (NP International Business Machines Corp. computers )NP )PP )NP )PP )NP )PP )VP )S )VP )VP but (VP needs (S (VP to (VP find (NP new markets )NP )VP )VP )S (SBAR if (S (NP it )NP (VP is (VP to (VP maintain (NP (NP its growth rate )NP (PP of (NP (NP 30 % (QP and more )QP )NP (NP each year )NP )NP )PP )NP )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP The market )NP (PP for (NP (NP *UNK- software )NP (PP for (NP (NP Digital 's )NP hardware )NP )PP )NP )PP )NP (VP is (VP *UNKED (ADVP enough (SBAR that (S (NP (NP a giant )NP (PP such as (NP Computer Associates )NP )PP )NP (VP should (VP do (ADVP well )ADVP (ADVP there )ADVP )VP )VP )S )SBAR )ADVP )VP )VP . )S  STOP
(S (PP At (NP the same time )NP )PP , (NP the market )NP (VP is (ADJP (ADJP smaller )ADJP (PP than (NP (NP the market )NP (PP for (NP *UNKC software )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (PP For (NP one thing )NP )PP , (NP (NP Digital )NP , (NP (NP Maynard )NP , (NP Mass. )NP , )NP )NP (VP has (VP sold (NP fewer machines )NP )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (S (NP its machines )NP (VP are (ADVP typically )ADVP (ADJP easier (SBAR (S (VP to (VP operate )VP )VP )S )SBAR )ADJP )VP )S , so (S (NP customers )NP (VP require (NP less assistance )NP (PP from (NP software )NP )PP )VP )S . )S  STOP
(S (NP (NP Wang Laboratories Inc. )NP , (NP (NP *UNKC )NP , (NP Mass. )NP )NP )NP , (S (VP *UNK (PP by (NP (NP declining demand )NP (PP for (NP its computers )NP )PP )NP )PP )VP )S , (VP reported (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP , *UNK- loss )NP (PP in (NP (NP its first quarter )NP (VP ended (NP Sept. 30 )NP )VP )NP )PP )NP )VP . )S  STOP
(S (NP Revenue )NP (VP fell (NP *UNKN % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP , (SBAR although (S (NP (NP some )NP (PP of (NP the decline )NP )PP )NP (VP was (VP caused (PP by (NP discontinued operations )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Wang )NP (VP had (ADVP previously )ADVP (VP forecast (NP a loss )NP )VP )VP . )S  STOP
(S (NP The company )NP (VP reiterated (SBAR that (S (NP it )NP (VP expects (NP (NP another loss )NP (PP (PP in (NP the second quarter )NP )PP and (PP for (NP the full year )NP )PP )PP )NP , (SBAR although (S (NP it )NP (VP expects (NP a profitable fourth quarter )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (ADVP (NP A year )NP ago )ADVP , (NP Wang )NP (VP had (NP (NP earnings )NP (PP of (NP (NP (QP $ 13.1 million )QP )NP , or (NP (NP eight cents )NP (NP a share )NP )NP , )NP )PP )NP (PP in (NP its first quarter )NP )PP , (PP including (NP (NP a (ADJP (QP $ 3.1 million )QP )ADJP loss )NP (PP from (NP discontinued operations )NP )PP )NP )PP )VP . )S  STOP
(S (NP The latest period loss )NP (VP included (NP (NP a (ADJP $ *UNKN )ADJP pretax charge )NP (PP for (NP *UNK payments )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC Hudson Corp. )NP (VP said (SBAR (S (NP it )NP (VP accepted (PP for (NP purchase )NP )PP (NP (QP seven million )QP common shares )NP (PP at (NP (NP $ *UNKN )NP (NP each )NP )NP )PP , (PP under (NP (NP the terms )NP (PP of (NP a Dutch auction *UNK- offer )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The offer )NP (VP expired (PP at (NP *UNKN a.m. )NP )PP (NP yesterday )NP )VP . )S  STOP
(S (PP In (NP a Dutch auction )NP )PP , (S (NP the buyer )NP (VP sets (NP a price range )NP )VP )S and (S (NP holders )NP (VP give (NP (NP a price )NP (PP in (NP that range )NP )PP (SBAR (WHPP at (WHNP which )WHNP )WHPP (S (NP they )NP (VP 're (ADJP willing (S (VP to (VP sell (NP their shares )NP )VP )VP )S )ADJP )VP )S )SBAR )NP )VP )S . )S  STOP
(S (NP The buyer )NP (ADVP then )ADVP (VP (VP picks (NP a price )NP )VP and (VP buys (NP shares )NP (PP at (NP that price )NP )PP (PP from (NP (NP holders )NP (SBAR (WHNP who )WHNP (S (VP offered (S (VP to (VP sell (UCP (PP at (NP that price )NP )PP or (ADVP lower )ADVP )UCP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP (NP *UNKC Hudson 's )NP repurchase offer )NP , (VP representing (NP (NP (QP about 9 )QP % )NP (PP of (NP (NP its common shares )NP (ADJP outstanding )ADJP )NP )PP )NP )VP , )NP (VP had (VP established (NP (NP a range )NP (PP of (NP (QP between $ 60 and $ 65 )QP )NP )PP (PP for (NP the buy-back )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP *UNKC Hudson )NP (VP said (SBAR (S (NP it )NP (VP accepted (NP (NP all *UNK- shares )NP (VP tendered (PP at or below (NP the final (ADJP $ *UNKN )ADJP price )NP )PP )VP )NP )VP )S )SBAR )VP )S ; (S (NP (NP the preliminary *UNK factor )NP (PP for (NP (NP other shares )NP (VP tendered (PP at or below (NP the final price )NP )PP )VP )NP )PP )NP (VP is (NP 98 % )NP )VP )S . )S  STOP
(S (NP The *UNKED retailer )NP (VP said (SBAR (S (NP it )NP (VP expects (S (VP to (VP pay (PP for (NP the (QP seven million )QP shares )NP )PP (NP next Thursday )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKED shares )NP (VP not purchased )VP )NP (VP will (VP be (VP returned (PP to (NP holders )NP )PP )VP )VP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP , (NP *UNKC )NP (VP rose (NP $ 1 )NP (PP to (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (NP (NP Continental Bank Corp. 's )NP third-quarter net income )NP (VP slipped (NP 11 % )NP (PP despite (NP (NP a big gain )NP (PP from (NP (NP the sale )NP (PP of (NP (NP the company 's )NP London headquarters building )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The (ADJP (QP $ 55 million )QP )ADJP gain )NP (PP on (NP the sale )NP )PP )NP (VP was (VP offset (PP by (NP (NP lower interest income )NP , (NP (NP *UNK results )NP (PP from (NP foreign-exchange trading )NP )PP )NP and (NP (NP a (ADJP (QP $ 9 million )QP )ADJP loss )NP (PP on (NP (NP the sale )NP (PP of (NP (NP a unit )NP , (NP Securities *UNKC Corp )NP )NP )PP )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP Chicago-based Continental )NP (VP earned (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ 1.04 )NP (NP a share )NP )NP , )NP (PP compared (PP with (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ 1.19 )NP (NP a share )NP )NP , )NP (ADVP (NP a year )NP earlier )ADVP )PP )PP )VP . )S  STOP
(S (NP The 1988 quarter )NP (ADVP also )ADVP (VP included (NP (NP one-time gains )NP (VP totaling (NP (QP about $ 35 million )QP )NP )VP )NP )VP . )S  STOP
(S (NP (NP The bank )NP , (SBAR (WHNP which )WHNP (S (VP has (NP (NP loss reserves )NP (ADJP equal (PP to (NP (NP (QP about half )QP its (ADJP long-term and *UNK- )ADJP loans )NP (PP to (NP less-developed nations )NP )PP )NP )PP )ADJP )NP )VP )S )SBAR , )NP (VP said (SBAR (S (NP it )NP (VP does n't (VP think (SBAR (S (NP additional reserves )NP (VP are (VP required )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Corp. )NP (VP said (SBAR (S (NP (NP a subsidiary )NP and (NP two United Kingdom firms )NP )NP (VP are (VP studying (NP (NP the *UNK )NP (PP of (S (VP *UNKING (NP a 1,500 *UNK *UNKED power plant )NP (PP in (NP northern England )NP )PP (PP as (NP (NP an *UNK )NP (PP of (NP (NP the government 's )NP privatization program )NP )PP )NP )PP )VP )S )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC Power Corp. )NP , (NP (NP a unit )NP (PP of (NP the Houston natural gas pipeline company )NP )PP )NP , )NP (VP would (VP design , *UNK and run (NP the plant )NP )VP )VP . )S  STOP
(S (NP (NP Gas )NP (SBAR (S (VP to (VP fuel (NP it )NP )VP )VP )S )SBAR )NP (VP would (VP be (VP *UNKED (PP from (NP the North Sea )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP A subsidiary )NP (PP of (NP (NP Britain 's )NP Imperial Chemical Industries )NP )PP )NP (VP would (VP buy (NP electricity and steam )NP (PP from (NP the proposed station )NP )PP )VP )VP . )S  STOP
(S (S (NP *UNKC power )NP (VP would (VP be (VP sold (PP on (NP the open market )NP )PP )VP )VP )VP )S , (NP *UNKC )NP (VP said )VP . )S  STOP
(SINV (ADVP Also )ADVP (VP participating (PP in (NP the study )NP )PP )VP (PRN , (S (NP *UNKC )NP (VP said )VP )S , )PRN (VP is )VP (NP (NP the National Power division )NP (PP of (NP (NP Britain 's )NP Central *UNKC *UNKING Board )NP )PP )NP . )SINV  STOP
(S (PP *UNKC (NP privatization )NP )PP , (NP National Power )NP (VP will (VP be (ADJP responsible (PP for (NP (NP 70 % )NP (PP of (NP (NP the country 's )NP power *UNKING business )NP )PP )NP )PP )ADJP )VP )VP . )S  STOP
(S (NP (NP Viacom Inc. )NP , (NP New York )NP , )NP (VP reported (SBAR that (S (NP its third-quarter loss )NP (VP widened (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 41 cents )NP (NP a share )NP )NP , )NP )PP (PP (ADVP primarily )ADVP because of (NP (NP interest expense )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (ADVP (NP A year )NP ago )ADVP , (NP Viacom )NP (VP had (NP (NP a net loss )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ 1.07 )NP (NP a share )NP )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Interest expense )NP (PP in (NP the 1988 third quarter )NP )PP )NP (VP was (NP (QP $ *UNKN million )QP )NP )VP . )S  STOP
(S (S (PP In (NP the year-ago quarter )NP )PP , (NP Viacom )NP (ADVP also )ADVP (VP paid (NP (NP preferred stock dividends )NP (PP of (NP (QP $ 17 million )QP )NP )PP )NP )VP )S ; (S (NP Viacom )NP (VP exchanged (NP its preferred stock )NP (PP for (NP debt )NP )PP (PP in (NP March )NP )PP )VP )S . )S  STOP
(S (NP The communications and entertainment company )NP (VP said (SBAR (S (NP revenue )NP (VP rose (PP to (NP (QP $ *UNKN million )QP )NP )PP , (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Viacom )NP (VP attributed (NP the improvement )NP (PP to (NP (NP higher earnings )NP (PP from (NP operations )NP )PP (PP in (NP (NP its networks segment )NP , (SBAR (WHNP which )WHNP (S (VP includes (NP the *UNKC and Showtime networks )NP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP Viacom )NP (VP said (SBAR (S (NP it )NP (ADVP also )ADVP (VP restructured (NP bank debt )NP (PP under (NP (NP a (ADJP (QP $ 1.5 billion )QP )ADJP unsecured bank agreement )NP (SBAR (WHNP that )WHNP (S (VP offers (NP significant interest rate savings )NP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC M. *UNKC )NP , (NP (NP Viacom 's )NP chairman )NP , )NP (VP said (SBAR (S (NP Viacom )NP `` (VP (VP emerged (PP from (NP our leveraged buy-out structure )NP )PP )VP and (VP gained (NP substantial (UCP operating and financial )UCP flexibility )NP (PP through '' (NP the bank pact )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Trinova Corp. )NP , (NP (NP *UNKC )NP , (NP Ohio )NP , )NP )NP (VP (VP said (SBAR (S (NP it )NP (VP is (VP launching (NP (NP an extensive restructuring )NP (PP of (NP its core business )NP )PP )NP )VP )VP )S )SBAR )VP , and (VP took (NP (NP a charge )NP (SBAR (WHNP that )WHNP (S (VP resulted (PP in (NP (NP a loss )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 87 cents )NP (NP a share )NP )NP , )NP )PP (PP for (NP the third quarter )NP )PP )NP )PP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP Trinova )NP (VP said (SBAR (S (NP it )NP (VP will (VP (VP close , move or overhaul (NP (NP 40 )NP (PP of (NP its 170 manufacturing facilities )NP )PP )NP )VP and (VP (PP over (NP the next three years )NP )PP cut (NP 1,500 jobs )NP (PP from (NP (NP its current world-wide payroll )NP (PP of (NP *UNKN employees )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Most )NP (PP of (NP the (NX (NX factory *UNK )NX and (NX job *UNK )NX )NX )NP )PP )NP (VP will (VP affect (NP (NP (NP Trinova 's )NP *UNKC operations )NP , (SBAR (WHNP which )WHNP (S (VP manufacture (NP (NP automotive plastics )NP , (NP *UNK )NP and (NP other (ADJP industrial and automotive )ADJP parts )NP )NP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC and plastics )NP (ADVP together )ADVP )NP (VP account (PP for (NP (NP (QP about 42 )QP % )NP (PP of (NP (NP Trinova 's )NP total annual sales )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP a separate announcement )NP )PP , (NP Trinova )NP (VP said (SBAR (S (NP the *UNKC group )NP (VP has (VP agreed (S (VP to (VP sell (NP its (ADJP *UNK- , *UNK- and related )ADJP businesses )NP (PP to (NP (NP Midland *UNKC Inc. )NP (PP of (NP (NP *UNKC )NP , (NP Conn )NP )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Terms )NP (VP were n't (VP disclosed )VP )VP . )S  STOP
(S (S (VP To (VP provide (PP for (NP (NP the restructuring 's )NP costs )NP )PP )VP )VP )S , (NP Trinova )NP (VP said (SBAR (S (NP it )NP (VP took (NP (NP an after-tax charge )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP )NP (PP in (NP the third quarter )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The (ADJP (QP $ *UNKN million )QP )ADJP net loss )NP (VP compares (PP with (NP (NP net income )NP (PP of (NP (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 57 cents )NP (NP a share )NP )NP , )NP (ADVP (NP a year )NP earlier )ADVP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Sales )NP (VP rose (NP 8 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP Trinova )NP (VP closed (PP at (NP $ 25 )NP )PP , (ADVP down (NP $ 1 )NP )ADVP , (PP in (NP New York Stock Exchange composite trading )NP )PP )VP . )S  STOP
(S (NP (NP A group )NP (PP of (NP investors )NP )PP , (VP including (NP (NP (NP *UNKC *UNKC 's )NP *UNKC Communications Corp. )NP and (NP *UNKC Holding S.A. )NP )NP )VP , )NP (VP have (VP agreed (S (VP to (VP buy (NP (NP *UNKN % )NP (PP of (NP (NP Odeon *UNKC )NP , (NP a (ADJP financially troubled )ADJP Italian TV station )NP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Florio *UNKC )NP , (NP (NP managing director )NP (PP of (NP *UNKED *UNKC )NP )PP )NP , )NP (VP said (SBAR (S (S (NP the investors )NP (VP would (VP pay (NP only a *UNK one *UNK )NP (PP for (NP the station )NP )PP )VP )VP )S , `` but (S (NP we )NP (VP have (VP agreed (S (VP to (VP raise (NP (NP the capital )NP (SBAR (WHNP that )WHNP (S (VP will (VP enable (S (NP the company )NP (VP to (VP continue (S (VP operating )VP )S )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )S )SBAR )VP . )S  STOP
(S (S (NP It )NP (VP 's (NP (NP sort )NP (PP of (NP a Chapter 11 situation )NP )PP )NP )VP )S , '' (NP he )NP (VP added , (S (VP referring (PP to (NP (NP the U.S. bankruptcy law )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP companies )NP (PP from (NP creditors )NP )PP (SBAR while (S (NP they )NP (VP restructure )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )S )VP . )S  STOP
(S (S (NP (NP *UNKED Odeon )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP (NP (QP about 3 )QP % )NP (PP of (NP Italian TV viewers )NP )PP )NP )VP )S )SBAR , )NP (VP has (NP (NP debt )NP (PP of (NP (NP (QP 250 billion )QP lire )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP )PP )NP )VP )S , (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (NP He )NP (VP added (SBAR (SBAR that (S (NP (NP details )NP (PP of (NP the recapitalization )NP )PP )NP (ADVP still )ADVP (VP have (S (VP to (VP be (VP worked (PRT out )PRT )VP )VP )VP )S )VP )S )SBAR , but (SBAR that (S (S (NP *UNKC )NP (VP will (VP take (NP (NP 50 % )NP (PP of (NP Odeon )NP )PP )NP )VP )VP )S , (S (NP Rome film producer *UNKC *UNKC )NP (VP will (VP take (NP 10 % )NP )VP )VP )S and (S (NP (NP the remaining *UNKN % )NP , (VP (ADVP currently )ADVP owned (PP by (NP *UNKC )NP )PP )VP , )NP (VP will (ADVP eventually )ADVP (VP be (VP sold (PP to (NP other investors )NP )PP )VP )VP )VP )S )S )SBAR )SBAR )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP Odeon 's )NP owner )NP , )NP (VP will (VP retain (NP his (ADJP *UNKN % )ADJP stake )NP )VP )VP . )S  STOP
(S (NP (NP Italy 's )NP Supreme Court )NP (NP this year )NP (VP ordered (NP Parliament )NP (S (VP to (VP write (NP (NP a law )NP (SBAR (WHNP that )WHNP (S (VP will (VP regulate (NP media ownership )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S `` (S (NP We )NP (VP think (SBAR that (S (NP (NP it )NP )NP (VP 's (VP going (S (VP to (VP be (ADJP (ADJP (ADVP far more )ADVP favorable )ADJP )ADJP (S (VP to (VP own (NP a station )NP (SBAR before (S (NP the law )NP (VP is (VP passed )VP )VP )S )SBAR )VP )VP )S (SBAR than (S (VP to (VP try (S (VP to (VP buy (NP one )NP (ADVP afterward )ADVP )VP )VP )S )VP )VP )S )SBAR )VP )VP )S )VP )VP )S )SBAR )VP )S , '' (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (NP San Francisco area officials )NP (VP gave (NP the media )NP (NP high marks )NP (PP for (S (VP helping (S (NP people )NP (VP (VP find (NP *UNK )NP )VP and (VP obtain (NP emergency information )NP )VP )VP )S (PP after (NP (NP Tuesday 's )NP catastrophic earthquake )NP )PP )VP )S )PP )VP . )S  STOP
(S `` (NP The press )NP (VP has (VP been (VP doing (NP an excellent job )NP )VP )VP )VP . )S  STOP
(SINV (S (S (NP They )NP (VP are (VP telling (NP people )NP (SBAR (WHNP what roads )WHNP (S (VP are (ADJP closed )ADJP )VP )S )SBAR )VP )VP )S and (S (S (VP (ADVP just )ADVP keeping (S (NP the public )NP (ADJP informed )ADJP )S )VP )S (VP has (VP helped (S (VP to (VP keep (NP the panic )NP (PRT down )PRT )VP )VP )S )VP )VP )S )S , '' (VP said )VP (NP (NP James Ball )NP , (NP (NP a station supervisor )NP (PP at (NP Daly City Police Department )NP )PP )NP )NP . )SINV  STOP
(S (NP Mr. Ball )NP (VP noted (SBAR that (S (NP television stations )NP (VP featured (S (NP people )NP (VP holding (PRT up )PRT (NP phone books )NP , (S (VP explaining (SBAR (WHADVP where )WHADVP (S (VP to (VP call (PP for (NP help )NP )PP )VP )VP )S )SBAR )VP )S )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Radio stations )NP (VP provided (NP an emergency number )NP (PP for (NP (NP people )NP (SBAR (WHNP who )WHNP (S (VP (VP *UNKED (NP gas )NP )VP but (VP did n't (VP know (SBAR (WHADVP how )WHADVP (S (VP to (VP turn (PRT off )PRT (NP their gas supply )NP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC Schwartz )NP , (NP (NP a *UNK )NP (PP for (NP (NP the American Red Cross )NP (PP in (NP Los Angeles )NP )PP )NP )PP )NP , )NP (VP said (SBAR (S (NP (NP television and radio stations )NP (PP in (NP San Francisco )NP )PP )NP (VP played (NP a `` (ADJP very positive )ADJP role '' )NP (PP (PP by (S (VP providing (NP (NP the address )NP (PP of (NP (NP 28 shelters )NP (PP of (NP the Red Cross )NP )PP )NP )PP )NP )VP )S )PP and (PP by (S (VP giving (PRT out )PRT (NP (NP the Red Cross number )NP (PP for (NP (NP contributions )NP (SBAR (S (VP to (VP help (NP earthquake victims )NP )VP )VP )S )SBAR )NP )PP (PRN -LRB- (NP *UNKN )NP -RRB- )PRN )NP )VP )S )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The San Francisco *UNKC )NP (VP issued (NP (NP a special edition )NP )NP (PP around (NP noon )NP )PP (NP yesterday )NP (SBAR (WHNP that )WHNP (S (VP was (VP filled (ADVP entirely )ADVP (PP with (NP earthquake news and information )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The *UNKC )NP and (NP the San Francisco *UNKC )NP )NP (VP were (ADJP able (S (VP to (VP publish )VP )VP )S )ADJP (PP despite (NP (NP (NP Tuesday 's )NP quake )NP , (SBAR (WHNP which )WHNP (S (VP occurred (ADVP close (PP to (NP deadline )NP )PP )ADVP (PP for (NP many newspapers )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Sterling Software Inc. )NP (VP said (SBAR (S (NP it )NP (VP lost (NP its bid (S (VP to (VP supply (NP software services )NP (PP to (NP (NP (NP the National Aeronautics and Space Administration 's )NP *UNKC Research Center )NP (PP at (NP (NP *UNKC Field )NP , (NP Calif )NP )NP )PP )NP )PP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Sterling )NP , (SBAR (WHNP which )WHNP (S (VP estimated (NP (NP the value )NP (PP of (NP the contract )NP )PP )NP (PP at (NP (QP $ 150 million )QP )NP )PP )VP )S )SBAR , )NP (VP said (SBAR (S (NP NASA )NP (VP selected (NP another bidder )NP (PP for (NP final negotiations )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP 1988 )NP )PP , (NP *UNKED Sterling )NP (VP *UNKED (NP (NP a similar decision )NP (PP by (NP NASA )NP )PP (VP involving (NP the same contract )NP )VP )NP , (S (VP claiming (SBAR (S (NP it )NP (VP had (VP submitted (NP the lowest bid )NP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (PP As (NP a result )NP )PP , (NP last March )NP (NP (NP the General Services Administration board )NP (PP of (NP contract appeals )NP )PP )NP (VP directed (NP NASA )NP (S (VP to (VP reopen (NP (NP negotiations )NP (PP on (NP the contract )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP Sterling )NP (VP said (SBAR (S (NP it )NP (VP (VP had (VP requested (NP (NP a *UNKING )NP (PP by (NP NASA )NP )PP )NP )VP )VP but (VP had not (VP decided (SBAR whether (S (VP to (VP protest (NP (NP the agency 's )NP latest decision )NP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Consolidated *UNKC Corp. )NP , (NP New York )NP , )NP (VP reported (SBAR that (S (NP third-quarter net income )NP (VP climbed (NP 4.8 % )NP (PP to (NP (NP (QP $ 87 million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (S (VP exceeding (NP (NP analysts ' )NP expectations )NP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP the year-earlier quarter )NP )PP , (NP the freight railroad )NP (VP earned (NP (NP (QP $ 83 million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )VP . )S  STOP
(S (NP (NP James A. *UNKC )NP , (NP (NP chairman )NP and (NP chief executive officer )NP )NP , )NP (VP noted (SBAR that (S (NP earnings )NP (VP advanced `` (PP in (NP (NP the face )NP (PP of (NP (NP a drop )NP (PP in (NP business )NP )PP , (VP brought (PRT on )PRT (PP by (NP the general economic slowdown )NP )PP )VP )NP )PP )NP )PP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Revenue )NP (VP slipped (NP 4.6 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (PP For (NP (NP the rest )NP (PP of (NP 1989 )NP )PP )NP )PP (PRN , (S (NP Mr. *UNKC )NP (VP said )VP )S , )PRN (S (NP (NP *UNKC 's )NP traffic and revenue )NP `` (VP will (VP reflect (NP the sluggish economy )NP )VP )VP )S , but (S (NP *UNKC )NP (VP will (VP continue (S (VP to (VP take (NP steps (S (VP to (VP control and reduce (NP costs )NP )VP )VP )S )NP )VP )VP )S )VP )VP )S . '' )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP *UNKC earnings )NP (VP grew (NP 0.4 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )VP . )S  STOP
(S (NP Revenue )NP (VP was (ADJP flat )ADJP (PP at (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP (NP Georgia Gulf Corp. )NP , (VP hurt (PP by (NP (NP declining sales )NP and (NP falling chemical prices )NP )NP )PP )VP , )NP (VP said (SBAR (S (NP third-quarter earnings )NP (VP fell (NP 13 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP (PP in (NP the year-earlier period )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Sales )NP (VP declined (NP 10 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP The *UNKED chemical manufacturer )NP (VP said (SBAR (S (NP lower prices )NP (VP hurt (NP margins )NP (PP for (NP most products )NP )PP )VP )S )SBAR )VP . )S  STOP
(S `` (S (S (NP We )NP (VP did (VP see (NP some relief )NP (PP in (NP raw material costs )NP )PP )VP )VP )S , but (S (NP it )NP (VP was n't (ADJP sufficient (S (VP to (VP offset (NP (NP the drop )NP (PP in (NP sales prices )NP )PP )NP )VP )VP )S )ADJP )VP )S )S , '' (NP (NP James R. *UNKC )NP , (NP (NP the company 's )NP (NX (NX chairman )NX and (NX chief executive officer )NX )NX )NP )NP (VP said (PP in (NP a statement )NP )PP )VP . )S  STOP
(S (PP On (NP a per-share basis )NP )PP , (NP quarterly earnings )NP (VP remained (PP at (NP (NP $ *UNKN )NP , (NP (NP the same )NP (PP as (NP last year )NP )PP )NP , )NP )PP (PP because of (NP (NP the company 's )NP share buy-back program )NP )PP )VP . )S  STOP
(S (NP Georgia Gulf )NP (VP had (NP (NP (QP *UNKN million )QP shares )NP (ADJP outstanding )ADJP )NP (PP on (NP average )NP )PP (PP in (NP the quarter )NP )PP , (PP compared (PP with (NP (NP (QP *UNKN million )QP )NP (PP in (NP (NP the third quarter )NP (PP of (NP 1988 )NP )PP )NP )PP )NP )PP )PP , (VP adjusted (PP for (NP (NP a stock split )NP (VP paid (PP in (NP January 1989 )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP composite New York Stock Exchange trading )NP )PP , (NP (NP stock )NP (PP in (NP (NP Georgia Gulf )NP , (SBAR (WHNP which )WHNP (S (VP has (VP been (VP mentioned (PP as (NP a takeover candidate )NP )PP )VP )VP )VP )S )SBAR , )NP )PP )NP (VP rose (NP (NP $ *UNKN )NP (NP a share )NP )NP (S (VP to (VP close (PP at (NP $ *UNKN )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP This *UNK- city )NP (VP dispatched (NP (NP *UNK )NP , (NP *UNK )NP and (NP other *UNKED personnel )NP )NP (S (VP to (VP aid (NP San Francisco )NP )VP )VP )S )VP . )S  STOP
(S But (NP (NP a secondary agenda )NP (PP among (NP (NP officials )NP (PP in (NP (NP the City )NP (PP of (NP Angels )NP )PP )NP )PP )NP )PP )NP (VP was (S (VP to (VP learn (PP about (NP (NP (NP the *UNK- plans )NP (SBAR (WHNP that )WHNP (S (VP work )VP )S )SBAR )NP and (NP (NP those )NP (SBAR (WHNP that )WHNP (S (VP do n't )VP )S )SBAR )NP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Los Angeles Mayor Tom *UNKC )NP (VP used (NP the opportunity )NP (S (VP to (VP push (NP the City Council )NP (ADVP harder )ADVP (S (VP to (VP pass (NP (NP a measure )NP (VP establishing (NP (NP a *UNK- reserve )NP (PP of (NP (QP $ 100 million )QP )NP )PP )NP )VP )NP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP The amount )NP (VP would (VP help (S (NP Los Angeles )NP (VP cope (PP in (NP (NP the first few weeks )NP (PP after (NP its own anticipated quake )NP )PP )NP )PP , (SBAR while (S (VP waiting (SBAR for (S (NP federal assistance )NP (VP to (VP arrive )VP )VP )S )SBAR )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(S (SBAR After (S (NP San Francisco Mayor Art Agnos )NP (VP spoke (PP on (NP television )NP )PP (PP of (NP the need (SBAR for (S (NP building *UNK )NP (VP to (VP check (NP (NP the *UNK )NP (PP of (NP buildings )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR , (NP Los Angeles )NP (VP dispatched (NP (NP 32 inspectors )NP (SBAR (S (VP to (VP help )VP )VP )S )SBAR )NP )VP . )S  STOP
(S And (NP (NP the county )NP (PP of (NP Los Angeles )NP )PP )NP (VP (VP placed (NP its *UNK and *UNK )NP (PP on (NP alert )NP )PP , (S (ADJP ready (S (VP to (VP send (ADVP in )ADVP (NP *UNK )NP )VP )VP )S )ADJP )S , )VP and (VP *UNKED (NP San Francisco )NP (SBAR that (S (NP the city )NP (VP has (NP 1,000 hospital *UNK )NP (PP at (NP its *UNK )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (S (NP Two Los Angeles radio stations )NP (VP initiated (NP Red Cross *UNK campaigns )NP )VP )S , and (S (NP one Los Angeles bank manager )NP (VP *UNKED (PRT over )PRT (NP (NP $ 150,000 )NP (PP of (NP his own money )NP )PP )NP (PP for (NP relief purposes )NP )PP )VP )S )S , (NP the Red Cross )NP (VP said )VP . )S  STOP
(S (NP The Los Angeles Red Cross )NP (VP sent (NP (NP *UNKN *UNK )NP , (NP 500 *UNK )NP , and (NP (NP 300 *UNK )NP (PP of (NP *UNKC blood )NP )PP )NP )NP )VP . )S  STOP
(S (NP It )NP (VP is (ADVP also )ADVP (VP (VP pulling (NP (NP 20 people )NP )NP (PP out (PP of (NP Puerto Rico )NP )PP )PP , (SBAR (WHNP who )WHNP (S (VP were (VP helping (NP *UNKC Hugo victims )NP )VP )VP )S )SBAR , )VP and (VP sending (NP them )NP (PP to (NP San Francisco )NP )PP (ADVP instead )ADVP )VP )VP )VP . )S  STOP
(S (NP The Arizona *UNKC Commission )NP (VP authorized (NP (NP an (ADJP 11.5 )ADJP % rate increase )NP (PP at (NP Tucson Electric Power Co. )NP )PP , (UCP (ADJP (ADJP substantially lower )ADJP (SBAR than (S (VP recommended (NP last month )NP (PP by (NP a commission hearing officer )NP )PP )VP )S )SBAR )ADJP and (NP (NP (QP barely half )QP the rise )NP (VP sought (PP by (NP the utility )NP )PP )VP )NP )UCP )NP )VP . )S  STOP
(S (NP The ruling )NP (VP follows (NP (NP a host )NP (PP of (NP problems )NP )PP (PP at (NP Tucson Electric )NP )PP , (PP including (NP (NP major write-downs )NP , (NP (NP a (ADJP 60 % )ADJP slash )NP (PP in (NP the common stock dividend )NP )PP )NP and (NP (NP the departure )NP (PP of (NP former Chairman *UNKC *UNKC )NP )PP (PP during (NP (NP a company investigation )NP (PP of (NP his stock sales )NP )PP )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (NP The Arizona regulatory ruling )NP (VP calls (PP for (NP (NP (QP $ 42 million )QP )NP (PP in (NP added revenue )NP )PP (ADVP *UNKLY )ADVP , (PP compared (PP with (NP (NP a (ADJP (QP $ 57 million )QP )ADJP boost )NP (VP proposed (PP by (NP the commission hearing officer )NP )PP )VP )NP )PP )PP )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP had (VP sought (NP (NP increases )NP (VP totaling (NP (NP (QP $ *UNKN million )QP )NP , or (NP 22 % )NP )NP )VP )NP )VP )VP . )S  STOP
(S (NP The decision )NP (VP was (VP announced (SBAR after (S (NP trading )NP (VP ended )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Tucson Electric )NP (VP closed (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP , (ADVP down (NP 25 cents )NP )ADVP , (PP in (NP New York Stock Exchange composite trading )NP )PP )VP . )S  STOP
(S (NP A Tucson Electric spokesman )NP (VP said (SBAR (S (NP the utility )NP (VP was (ADJP (ADJP disappointed (PP by (NP (NP the commission 's )NP decision )NP )PP )ADJP and `` (ADJP concerned (PP about (NP (NP the financial integrity )NP (PP of (NP the company )NP )PP )NP )PP )ADJP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP (ADJP South Korean )ADJP President *UNKC *UNKC *UNKC )NP , (S (VP *UNKING (PP aside (NP suggestions (SBAR that (S (NP the won )NP (VP be (VP *UNKED (ADVP again )ADVP )VP )VP )S )SBAR )NP )PP )VP )S , (VP said (SBAR (S (NP (NP (NP the currency 's )NP current level )NP (PP against (NP the dollar )NP )PP )NP (VP is `` (ADJP appropriate )ADJP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP His comments )NP , (VP made (PP in (NP (NP response )NP (PP to (NP (NP reporters ' )NP questions )NP )PP )NP )PP (PP at (NP (NP the National Press Club )NP (ADVP here )ADVP )NP )PP )VP , )NP (VP signaled (SBAR that (S (NP Seoul )NP (VP is (VP *UNKING (NP (NP U.S. pressure )NP (PP for (NP (NP a further rise )NP (PP in (NP (NP the currency 's )NP value )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The U.S. )NP (VP wants (NP a higher won )NP (S (VP to (VP (VP make (S (NP (NP South Korea 's )NP exports )NP (ADJP more expensive )ADJP )S )VP and (VP help (S (VP trim (NP (NP Seoul 's )NP trade surplus )NP )VP )S )VP )VP )VP )S )VP . )S  STOP
(S (NP Many (ADJP South Korean )ADJP business people )NP (VP want (NP a devaluation )NP (ADVP instead )ADVP , (S (VP arguing (SBAR that (S (NP (NP the won 's )NP recent gains )NP (ADVP already )ADVP (VP have (VP weakened (NP (NP the country 's )NP export performance )NP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP Mr. *UNKC )NP (ADVP also )ADVP (VP said (SBAR (S (NP South Korea )NP (VP is (VP taking (NP (NP steps )NP (SBAR (WHNP that )WHNP (S (VP would (VP free (NP the won )NP (S (VP to (VP respond (PP to (NP market forces )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Seoul )NP (VP has (VP pointed (PP to (NP (NP its lack )NP (PP of (NP a foreign exchange market )NP )PP )NP )PP (PP as (NP (NP one reason )NP (SBAR (S (NP (NP the won 's )NP value )NP (VP remains (ADJP heavily controlled )ADJP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP (VP said (SBAR (S (NP (NP a U.S. demand )NP (PP for (NP (NP the removal )NP (PP of (NP (NP South Korean import quotas )NP (PP on (NP beef )NP )PP )NP )PP )NP )PP )NP (VP will (VP be (VP resolved `` (ADVP *UNKLY )ADVP '' )VP )VP )VP )S )SBAR )VP but (VP gave (NP no *UNK (SBAR (WHADVP when )WHADVP (S (NP that )NP (VP will (VP happen )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (S (VP *UNKING (PP to (NP (NP a joint meeting )NP (PP of (NP Congress )NP )PP )NP )PP (ADVP earlier )ADVP )VP )S , (NP he )NP (VP said (SBAR (S (NP South Korea )NP (VP ca n't (VP move (ADVP quickly )ADVP (PP on (NP such agricultural trade issues )NP )PP `` (PP without (S (VP causing (NP (ADJP political and social )ADJP *UNK )NP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Great American Bank )NP (VP said (SBAR (S (NP its board )NP (VP approved (NP (NP the formation )NP (PP of (NP (NP a holding company )NP (VP enabling (S (NP the savings bank )NP (VP to (VP pursue (NP *UNK banking activities )NP (PP under (NP a new federal law )NP )PP )VP )VP )S )VP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP The proposed holding company 's )NP primary purpose )NP (VP would (VP be (S (VP to (VP allow (S (NP Great American )NP (VP to (VP continue (S (VP engaging (PP in (NP real estate development activities )NP )PP )VP )S )VP )VP )S )VP )VP )S )VP )VP )S , (NP it )NP (VP said )VP . )S  STOP
(S (NP Those activities )NP (VP generated (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP operating profit )NP )PP )NP (NP last year )NP )VP . )S  STOP
(S But (PP according (PP to (NP Great American )NP )PP )PP , (NP such profits )NP (VP do n't (VP count (PP toward (S (VP meeting (NP (NP the San Diego savings bank 's )NP new capitalization requirements )NP (PP under (NP 1989 federal law )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S (NP The new real estate unit )NP (VP would (VP have (NP a separate capital structure )NP (S (VP to (VP comply (PP with (NP the law )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP The proposed holding company )NP (VP would (ADVP also )ADVP (VP consolidate (NP (NP (NP Great American Bank )NP (PP in (NP San Diego )NP )PP )NP and (NP its (NAC Tucson , Ariz. , )NAC savings bank )NP )NP (PP into (NP (NP a single , (ADJP federally chartered )ADJP institution )NP (PP in (NP San Diego )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP The consolidation )NP (VP is (VP expected (S (VP to (VP save (NP (NP (QP $ 1 million )QP )NP (NP a year )NP (PP in (NP administrative costs )NP )PP )NP )VP )VP )S )VP )VP )S , (NP a Great American spokesman )NP (VP said )VP . )S  STOP
(S (NP (NP Dale Lang )NP , (SBAR (WHNP who )WHNP (S (NP this week )NP (VP completed (NP (NP the acquisition )NP (PP of (NP (NP the publisher )NP (PP of (NP Ms. and *UNKC )NP )PP )NP )PP )NP )VP )S )SBAR , )NP (VP is (ADJP *UNK (PP about (NP (NP the challenge )NP (SBAR (S (NP he )NP (VP is (VP taking (PRT on )PRT )VP )VP )S )SBAR )NP )PP )ADJP )VP . )S  STOP
(S (NP Mr. Lang )NP (VP admits (SBAR (SBAR that (S (NP Ms. )NP (VP is `` (PP in (NP dire *UNK )NP )PP '' )VP )S )SBAR and (SBAR that (S (NP *UNKC )NP (VP needs (NP (NP big promotional dollars )NP (SBAR (S (VP to (VP keep (S (NP it )NP (ADJP alive )ADJP )S )VP )VP )S )SBAR )NP )VP )S )SBAR )SBAR )VP . )S  STOP
(S But (NP the *UNK- publisher )NP (VP has (VP moved (ADVP quickly and *UNKLY )ADVP (S (VP to (VP deal (PP with (NP (NP the magazines ' )NP problems )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP Last Friday )NP , (NP he )NP (VP told (NP (NP the staff )NP (PP of (NP Ms. )NP )PP )NP (SBAR that (S (NP the magazine )NP (PP in (NP January )NP )PP (VP would (VP begin (S (VP publishing (PP without (NP advertising )NP )PP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Lang )NP (VP will (VP (VP do (PRT away )PRT (PP with (NP (NP expensive circulation drives )NP (PRN , (S not (VP to (VP mention (NP sales staff )NP )VP )VP )S , )PRN )NP )PP )VP and (VP attempt (S (VP to (VP publish (NP the *UNK- magazine )NP (S (VP supported (PP by (NP (NP circulation revenue )NP (ADVP alone )ADVP )NP )PP )VP )S )VP )VP )S )VP )VP )VP . )S  STOP
(S `` (NP Any *UNK )NP (VP can (VP publish (NP a *UNKING magazine )NP )VP )VP . )S  STOP
(SINV (S (NP I )NP (VP want (S (VP to (VP publish (NP (NP one )NP (SBAR (WHNP that )WHNP (S (VP succeeds )VP )S )SBAR )NP )VP )VP )S )VP )S , '' (VP said )VP (NP Mr. Lang )NP . )SINV  STOP
(S `` (PP For (NP Ms. )NP )PP , (NP it )NP (VP 's (NP (NP time )NP (SBAR (S (VP to (VP publish (PP for (NP (NP the reader )NP , not (NP the *UNK )NP )NP )PP )VP )VP )S )SBAR )NP )VP . '' )S  STOP
(S (PP As (PP for (NP (NP Sassy )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (ADVP directly )ADVP (PP with (NP (NP News Corp. 's )NP *UNKC magazine )NP )PP )VP )S )SBAR , )NP )PP )PP (NP Mr. Lang )NP (VP says (SBAR that (S (PP in (NP the next two years )NP )PP (NP he )NP (VP will (VP spend (NP (QP $ 6 million )QP )NP (S (VP promoting and improving (NP the magazine )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Though (S (NP Sassy )NP (VP has (VP grown (ADVP quickly )ADVP (PP since (NP (NP its debut )NP (PP in (NP March 1988 )NP )PP )NP )PP )VP )VP )S )SBAR , (NP it )NP (VP has (VP been (NP (NP the target )NP (PP of (NP (NP (NP conservative lobbyists )NP and (NP *UNK advertisers )NP )NP (SBAR (WHNP who )WHNP (S (VP *UNKED (PP at (NP (NP its *UNK editorial matter )NP (PP on (NP *UNK- problems )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP Mr. Lang )NP (VP said (SBAR (S (NP (NP the former Australian owners )NP (PP of (NP Sassy )NP )PP )NP (VP were `` (VP *UNKED (PP by (NP the *UNKC Majority )NP )PP )VP )VP )S )SBAR )VP ... . )S  STOP
(S (NP Their reaction )NP (VP was (S (VP to (VP (VP do (NP nothing )NP )VP and (VP ride (NP it )NP (PRT out )PRT )VP )VP )VP )S )VP . '' )S  STOP
(S (NP He )NP (VP (VP said (SBAR (S (NP Sassy )NP (VP will (VP keep (NP its *UNK tone )NP )VP )VP )S )SBAR )VP , but (VP added , `` (S (NP We )NP (VP will (VP keep (NP a close watch )NP (PP on (NP (NP the editorial content )NP (PP of (NP the magazine )NP )PP )NP )PP )VP )VP )S )VP )VP . '' )S  STOP
(S (S (NP Sassy )NP (ADVP already )ADVP (VP has (VP recovered )VP )VP )S ; (S (S (NP circulation )NP (VP has (ADVP quickly )ADVP (VP passed (NP the 500,000 mark )NP )VP )VP )S and (S (NP advertising pages )NP (VP have (VP *UNKED (NP this year )NP (PP at (NP (QP more than 300 )QP )NP )PP )VP )VP )S )S . )S  STOP
(S (SBAR (WHNP What )WHNP (S (VP 's (ADJP more )ADJP )VP )S )SBAR , (NP Mr. Lang )NP (VP says (SBAR (S (NP he )NP (VP has (NP (SBAR (WHNP what )WHNP (S (NP all publishers )NP (VP wish (PP for )PP )VP )S )SBAR : (NP a (ADJP *UNK *UNK )ADJP niche )NP )NP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP *UNKC )NP (VP is (VP written (PP (ADVP more )ADVP for (NP (NP *UNK )NP , not (NP their daughters )NP )NP )PP )VP )VP )S , '' (VP said )VP (NP Mr. Lang )NP . )SINV  STOP
(S `` But (NP Sassy )NP (VP has (NP a different spirit )NP )VP . )S  STOP
(S (S (NP It )NP (VP gets (NP (NP more mail )NP )NP (PP in (NP a month )NP )PP (SBAR than (S (NP McCall 's )NP (VP got (PP in (NP a year )NP )PP )VP )S )SBAR )VP )S , and (S (NP it )NP (VP 's not (PP from (NP *UNK )NP )PP )VP )S . )S  STOP
(S (NP I )NP (VP feel (PP about (NP Sassy )NP )PP (SBAR like (S (NP I )NP (VP did (VP (PP about (NP Working *UNKC )NP )PP (ADVP (NP 10 years )NP ago )ADVP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Mr. Lang )NP (VP took (PRT on )PRT (NP Ms. and Sassy )NP (PP with (NP (NP the acquisition )NP (PP of (NP *UNKC Publications Inc. )NP )PP (PP by (NP his (ADJP newly formed )ADJP Lang Communications )NP )PP )NP )PP )VP . )S  STOP
(S (NP Lang )NP (VP owns (NP (NP 70 % )NP (PP of (NP *UNKC )NP )PP )NP , (SBAR while (S (NP Citicorp )NP (VP owns (NP the rest )NP (PP through (NP its Citicorp Venture Capital Partners )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (ADVP (NP Two weeks )NP ago )ADVP , (NP (NP Citicorp )NP and (NP Mr. Lang )NP )NP (VP *UNKED (NP $ 800,000 )NP (PP into (NP *UNKC )NP )PP (S (ADVP just )ADVP (VP to (VP keep (S (NP the doors )NP (ADJP open )ADJP )S )VP )VP )S )VP . )S  STOP
(S (S (NP Industry observers )NP (VP have (VP *UNKED (NP Mr. Lang )NP (PP on (SBAR (WHNP what )WHNP (S (NP some )NP (VP call (S (NP (NP his `` *UNK '' handling )NP (PP of (NP Ms. )NP )PP )NP )S )VP )S )SBAR )PP )VP )VP )S , but (S (NP (NP his track record )NP (PP in (NP magazine publishing )NP )PP (PP in (ADJP general )ADJP )PP )NP (VP has (VP gotten (NP mixed reviews )NP )VP )VP )S . )S  STOP
(S (PP Besides (NP Ms. and Sassy )NP )PP , (NP (ADJP closely held )ADJP Lang Communications )NP (VP includes (NP (NP (NP *UNKC )NP , (NP (NP a magazine )NP (PP for (NP (NP entrepreneurs )NP and (NP small businesses )NP )NP )PP )NP , )NP and (NP (NP (NP Working Woman )NP and (NP Working *UNKC )NP )NP , (NP two monthly magazines )NP )NP )NP )VP . )S  STOP
(S (NP (NP (NP Working Woman )NP , (PP with (NP (NP circulation )NP (PP near (NP (QP one million )QP )NP )PP )NP )PP , )NP and (NP (NP Working *UNKC )NP , (PP with (NP *UNKN circulation )NP )PP , )NP )NP (VP are (NP legitimate magazine success stories )NP )VP . )S  STOP
(S (NP The magazine *UNKC )NP , (ADVP however )ADVP , (VP was (PP for (NP years )NP )PP (ADJP lackluster and *UNKED )ADJP )VP . )S  STOP
(SINV (ADVP Only recently )ADVP (SINV has (NP it )NP (VP been (VP (ADVP *UNKLY )ADVP *UNKED )VP )VP )SINV and (SINV (NP its editorial product )NP (VP improved )VP )SINV . )SINV  STOP
(S (NP *UNKC )NP (VP is (VP expected (S (VP to (VP gain )VP )VP )S (PP (ADVP at least )ADVP because of (NP (NP the recent *UNKING )NP (PP of (NP (NP rival Venture )NP , (NP (NP another magazine )NP (PP for (NP growing companies )NP )PP )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Working Woman )NP and (NP Working *UNKC )NP )NP (VP have (VP operated (PP as (NP (NP part )NP (PP of (NP (NP (NP Working *UNKC 's )NP Group )NP , (NP (NP a *UNK- joint venture )NP (PP between (NP (NP Mr. Lang )NP and (NP Time Warner Inc )NP )NP )PP )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The joint venture )NP (VP is (VP being (VP *UNK , (PP with (S (S (NP (NP McCall 's )NP magazine )NP (VP being (VP sold (NP last summer )NP (PP to (NP (NP the New York Times Co. 's )NP Magazine Group )NP )PP (PP for (NP (QP about $ 80 million )QP )NP )PP )VP )VP )S , and (S (NP Time Warner )NP (VP agreeing (S (VP to (VP sell (PRT back )PRT (NP (NP its (ADJP 50 % )ADJP interest )NP (PP in (NP (NP Working Woman )NP and (NP Working Mother )NP )NP )PP )NP (PP to (NP Mr. Lang )NP )PP )VP )VP )S )VP )S )S )PP )VP )VP )VP . )S  STOP
(S (NP (NP Executives )NP (PP at (NP (NP Time Inc . Magazine Co. )NP , (NP (NP a subsidiary )NP (PP of (NP Time Warner )NP )PP )NP , )NP )PP )NP (VP have (VP said (SBAR (S (NP (NP the joint venture )NP (PP with (NP Mr. Lang )NP )PP )NP (VP was n't (NP a good one )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP The venture )NP , (VP formed (PP in (NP 1986 )NP )PP )VP , )NP (VP was (VP supposed (S (VP to (VP be (NP (NP (NP Time 's )NP low-cost , safe entry )NP (PP into (NP (NP women 's )NP magazines )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Mr. Lang )NP (VP surprised (NP Time )NP (PP (ADVP soon )ADVP after (S (VP joining (NP forces )NP )VP )S )PP (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP said (SBAR (S (NP he )NP (VP would (VP (VP negotiate (NP rates )NP (ADVP *UNKLY )ADVP (PP with (NP advertisers )NP )PP )VP , (NP (NP a practice )NP (UCP (ADJP common (PP in (NP broadcasting )NP )PP )ADJP but (VP considered (S (NP *UNK )NP )S (PP by (NP magazine publishers )NP )PP )VP )UCP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP McCall 's )NP (VP put (PRT in )PRT (NP a (ADJP less than *UNK )ADJP performance )NP )VP . )S  STOP
(S (PP Until (NP a recent comeback )NP )PP , (NP it )NP (VP saw (NP (NP steep losses )NP (PP in (NP (NP ad pages )NP and (NP circulation )NP )NP )PP )NP )VP . )S  STOP
(S (S (NP Time executives )NP (VP complained (PP about (NP the *UNK editorial quality )NP )PP )VP )S , and (S (PP in (NP the end )NP )PP , (NP (NP one Time executive )NP (SBAR (WHNP who )WHNP (S (VP asked (S not (VP to (VP be (VP identified )VP )VP )VP )S )VP )S )SBAR )NP (VP said , `` (S (ADVP *UNKLY )ADVP , (NP (NP McCall 's )NP and (NP the joint venture )NP )NP (VP were (NP an embarrassment )NP )VP )S )VP )S . '' )S  STOP
(S (NP Mr. Lang )NP (VP feels (SBAR that (S (NP (NP Time 's )NP priorities )NP (VP changed )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP Their management )NP (VP changed (SBAR (ADVP right )ADVP after (PRN -LCB- (S (NP the venture )NP (VP was (VP formed )VP )VP )S -RCB- )PRN )SBAR )VP )S , and (S (NP I )NP (VP do n't (VP think (SBAR (S (NP they )NP (VP were (ADJP comfortable )ADJP (S (VP getting (PP into (NP (NP the competitive wars )NP (PP of (NP (NP women 's )NP service magazines )NP )PP )NP )PP )VP )S )VP )S )SBAR )VP )VP )S . '' )S  STOP
(S (NP Today )NP , (NP Mr. Lang )NP (VP believes (SBAR (S (NP his magazines )NP (VP will (VP offer (SBAR (WHNP what )WHNP (S (NP (NP many women 's )NP magazines )NP (VP do n't )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP We )NP (VP write (ADVP straight )ADVP (PP for (NP women )NP )PP (PP on (NP their level )NP )PP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S `` (NP We )NP (VP do n't (VP have (NP passive readers )NP )VP )VP . '' )S  STOP
(S (NP Mr. Lang )NP (VP points (PRT out )PRT (SBAR that (S (NP even *UNKC )NP (PRN , (PP in (NP part )NP )PP , )PRN (VP fits (NP (NP the company 's )NP image )NP , (SBAR since (S (NP (NP (QP about 30 )QP % )NP (PP of (NP its *UNK )NP )PP )NP (VP is (ADJP female )ADJP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Lang )NP (VP has (VP named (NP (NP Carol *UNKC )NP , (NP 43 )NP , )NP (PP as (NP (NP group publisher )NP (PP of (NP (ADJP New York-based )ADJP Lang Communications )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP She )NP (VP will (VP (VP *UNK (NP (NP Working Woman )NP , (NP Working Mother )NP and (NP *UNKC magazines )NP )NP )VP , and (VP retain (NP (NP her post )NP (PP as (NP (NP publisher )NP (PP of (NP Working Woman )NP )PP )NP )PP )NP )VP )VP )VP . )S  STOP
(S (NP (NP The sale price )NP (PP of (NP (NP McCall 's )NP )NP )PP (PRN -- (ADVP twice )ADVP (SBAR (WHNP what )WHNP (S (NP Mr. Lang )NP (ADVP originally )ADVP (VP paid (PP for (NP it )NP )PP )VP )S )SBAR -- )PRN )NP (VP will (VP finance (NP (NP (NP Lang Communications ' )NP buy-back )NP (PP of (NP (NP (NP Time Warner 's )NP (ADJP 50 % )ADJP interest )NP (PP in (NP (NP Working Woman )NP and (NP Working Mother )NP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP Mr. Lang )NP (VP says (SBAR (S (NP he )NP (VP is n't (VP *UNKING (NP new acquisitions )NP , (PP (ADVP at least )ADVP for (NP now )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (S (NP We )NP (VP would (VP have (S (VP to (VP go (ADVP outside )ADVP (PP to (NP banks )NP )PP )VP )VP )S (S (VP to (VP get (NP the money )NP )VP )VP )S )VP )VP )S and (S (NP I )NP (VP am not (ADJP ready (S (VP to (VP do (NP that )NP )VP )VP )S )ADJP )VP )S )S , '' (NP he )NP (VP said )VP . )S  STOP
(S `` (ADVP Besides )ADVP , (NP we )NP (VP have (NP enough )NP (PP on (NP our plate )NP )PP )VP . )S  STOP
(S (NP There )NP (VP is (NP (NP plenty )NP (PP of (NP work )NP )PP (SBAR (S (VP to (VP be (VP done (PP on (SBAR (WHNP what )WHNP (S (NP we )NP (VP have )VP )S )SBAR )PP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Britain 's )NP *UNKC and *UNKC Commission )NP (NP Wednesday )NP (VP cleared (NP (NP (NP *UNKC S.A. 's )NP purchase )NP (PP of (NP a specialty *UNK- unit )NP )PP (PP from (NP *UNKC Co. )NP )PP )NP , (S (VP saying (SBAR (S (NP the purchase )NP (VP was (ADJP unlikely (S (VP to (VP have (NP (NP any lasting impact )NP (PP on (NP U.K. industrial consumers )NP )PP )NP )VP )VP )S )ADJP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP (NP The commission )NP , (SBAR (WHNP which )WHNP (S (VP was (VP asked (S (VP to (VP study (NP the deal )NP )VP )VP )S (PP by (NP (NP the Department )NP (PP of (NP Trade and Industry )NP )PP )NP )PP (PP after (NP (NP its announcement )NP (PP in (NP February )NP )PP )NP )PP )VP )VP )S )SBAR , )NP (VP said (SBAR (S (NP (NP the *UNK )NP (PP of (NP (NP global supply )NP (PP of (NP (NP chemicals )NP (VP used (PP in (S (VP making (NP *UNK drugs )NP )VP )S )PP )VP )NP )PP )NP )PP )NP (VP was (ADJP great enough (S (VP to (VP offset (NP (NP the dominant U.K. market share )NP (SBAR (S (NP *UNKC )NP (VP would (VP gain (PP through (NP the acquisition )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP The French chemical giant )NP (VP would (VP hold (NP (NP an (ADJP 80 % )ADJP share )NP (PP of (NP (NP the U.K. market )NP (PP for (NP (NP *UNK *UNK )NP , (NP *UNK *UNK )NP and (NP bulk *UNK )NP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP The commission )NP (VP found (SBAR that (S (SBAR if (S (NP the British government )NP (VP attempted (S (VP to (VP block (NP the merger )NP )VP )VP )S )VP )S )SBAR , (NP *UNKC )NP (VP would (ADVP likely )ADVP (VP respond (PP by (S (VP closing (NP (NP the *UNK plant )NP (SBAR (S (NP Monsanto )NP (VP operates )VP )S )SBAR (PP in (NP *UNKC )NP )PP )NP )VP )S )PP , (S (VP removing (NP the matter )NP (PP from (NP U.K. jurisdiction )NP )PP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC *UNKC Corp. )NP (VP posted (NP (NP third-quarter net income )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 69 cents )NP (NP a share )NP )NP )NP )PP )NP , (S (VP continuing (NP (NP a rebound )NP (PP from (NP steep year-ago losses )NP )PP )NP )VP )S )VP . )S  STOP
(S (PP In (NP the third quarter )NP )PP (NP a year-earlier )NP , (NP the construction and engineering concern )NP (VP posted (NP (NP a loss )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Revenue )NP (PP in (NP the latest quarter )NP )PP )NP (VP rose (NP 14 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (PP In (NP composite trading )NP )PP (PP on (NP the New York Stock Exchange )NP )PP , (NP Morrison )NP (VP gained (NP $ 2.25 )NP (PP to (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (NP Morrison )NP (VP said (SBAR (S (NP the engineering and construction segment )NP (VP performed (ADVP well )ADVP , (PP with (S (NP the mining and *UNKC operations )NP (VP making (NP important contributions )NP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (ADJP *UNKC , *UNKED )ADJP Morrison )NP (VP had (NP (NP losses )NP (VP totaling (NP (QP $ *UNKN million )QP )NP (PP over (NP (NP the two years )NP (VP ended (PP in (NP December )NP )PP )VP )NP )PP )VP )NP )VP )S , but (S (NP it )NP (VP has (VP surged (ADVP back )ADVP (PP to (NP profitability )NP )PP (PP as (NP (NP a result )NP (PP of (NP (NP cost-cutting )NP and (S (VP *UNKING (PP of (NP unprofitable operations )NP )PP )VP )S )NP )PP )NP )PP )VP )VP )S . )S  STOP
(S (PP In (NP the nine months )NP )PP , (NP (NP the company 's )NP net income )NP (VP was (NP (NP (NP (QP $ 21.5 million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP (PP compared (PP with (NP (NP a year-earlier loss )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )NP )PP )PP )NP )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP 17 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP The House *UNKC Committee )NP (VP (VP (ADVP officially )ADVP cited (NP (NP Rep. Jim Bates )NP (PRN -LRB- (NP D. )NP , (NP Calif . )NP -RRB- )PRN )NP (PP for (S (VP (ADVP *UNKLY )ADVP *UNKING (NP two female employees )NP )VP )S )PP )VP , but (VP did n't (VP recommend (NP formal disciplinary action )NP )VP )VP )VP . )S  STOP
(S (S (NP Rep. Bates )NP (VP said (SBAR (S (NP he )NP (VP accepted (NP the finding )NP )VP )S )SBAR )VP )S , but (S (NP (NP (NP one )NP (PP of (NP the victims )NP )PP )NP , (NP *UNKC *UNKC )NP , )NP (VP *UNKED (NP (NP the ethics panel 's )NP action )NP (PP as `` (ADJP *UNK )ADJP )PP )VP )S . '' )S  STOP
(S (S (VP *UNKING (SBAR (NP (QP more than a )QP year )NP after (S (NP Ms. *UNKC )NP (VP filed (NP a complaint )NP )VP )S )SBAR )VP )S , (NP the panel )NP (VP issued (NP (NP a `` letter )NP (PP of (NP *UNK )NP )PP '' (VP saying (SBAR (S (NP Rep. Bates )NP (VP had (VP admitted (NP (NP conduct )NP (SBAR (WHNP that )WHNP (S (VP violated (NP (NP a House rule )NP (VP *UNKING (NP (NP discrimination )NP (PP against (NP employees )NP )PP (PP on (NP (NP account )NP (PP of (NP their sex )NP )PP )NP )PP )NP )VP )NP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )NP )VP . )S  STOP
(S (NP It )NP (VP ordered (NP Rep. Bates )NP (S (VP to (VP write (NP (NP letters )NP (PP of (NP *UNK )NP )PP (PP (PP to (NP Ms. *UNKC )NP )PP and (PP to (NP (NP a second *UNK )NP , (NP Karen *UNKC )NP )NP )PP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP Rep. Bates )NP (VP said (SBAR (S (NP he )NP (VP would (VP write (NP the letters )NP (SBAR as (S (VP ordered )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP I )NP (VP accept (NP (NP the resolution )NP (PP of (NP the matter )NP )PP (PP by (NP the *UNKC Committee )NP )PP )NP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP The panel )NP (ADVP also )ADVP (VP warned (NP Rep. Bates )NP (SBAR that (S (NP any further violations )NP `` (VP may (VP result (PP in (NP a recommendation (SBAR that (S (NP disciplinary action )NP (VP be (VP considered )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S But (NP Ms. *UNKC )NP (VP asked , `` (SBARQ (WHNP (WHNP Who )WHNP (PP in (NP their right mind )NP )PP )WHNP (SQ (VP is (VP going (S (VP to (VP file (NP another complaint )NP (PP with (NP the *UNKC Committee )NP )PP )VP )VP )S )VP )VP )SQ ? )SBARQ '' )VP )S  STOP
(S (NP Rep. Bates )NP (VP (VP has (VP (ADVP publicly )ADVP *UNKED (PP for (NP (NP *UNK )NP (PP from (NP voters )NP )PP )NP )PP )VP )VP and (VP was (VP *UNKED (PP with (NP (NP 60 % )NP (PP of (NP the vote )NP )PP )NP )PP (NP last November )NP )VP )VP )VP . )S  STOP
(S (NP Mesa Airlines )NP (VP said (SBAR (S (NP (NP the takeover offer )NP (SBAR (S (NP it )NP (VP received (NP earlier this week )NP (PP from (NP StatesWest Airlines )NP )PP )VP )S )SBAR )NP (VP is (PP for (NP (NP a combination )NP (PP of (NP cash and securities )NP )PP (VP valued (PP by (NP StatesWest )NP )PP (PP at (NP (NP $ 10 )NP (NP a Mesa share )NP )NP )PP )VP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Both companies )NP (VP are (NP (NP regional carriers )NP (PP in (NP the Southwest )NP )PP )NP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP it )NP (VP made (NP the offer )NP )VP )S )SBAR , (NP StatesWest )NP (VP (VP declined (S (VP to (VP disclose (NP details )NP )VP )VP )S )VP and (VP asked (NP Mesa )NP (S (VP to (VP do (NP the same )NP )VP )VP )S )VP )VP . )S  STOP
(S But (NP (ADJP *UNKC , *UNKED )ADJP Mesa )NP (VP said (SBAR (S (NP the offer )NP (VP was (PP for (NP (NP (NP $ 7 )NP (PP in (NP cash )NP )PP )NP and (NP (NP unspecified StatesWest securities )NP (VP valued (PP at (NP (NP $ 3 )NP (NP a share )NP )NP )PP )VP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP Based (PP on (NP (NP the number )NP (PP of (NP (NP Mesa shares )NP (ADJP outstanding )ADJP (VP not (ADVP already )ADVP owned (PP by (NP StatesWest )NP )PP )VP )NP )PP )NP )PP )PP , (NP the proposed takeover )NP (VP would (VP have (NP (NP a value )NP (PP of (NP (QP about $ *UNKN million )QP )NP )PP )NP )VP )VP . )S  STOP
(S (NP StatesWest )NP (VP owns (NP (NP 7.25 % )NP (PP of (NP Mesa )NP )PP )NP )VP . )S  STOP
(S (NP Last week )NP , (NP Mesa )NP (VP rejected (NP (NP a general proposal )NP (PP from (NP StatesWest )NP )PP (SBAR that (S (NP the two carriers )NP (VP combine )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (NP (NP response )NP (PP to (NP the specific offer )NP )PP )NP )PP , (NP (NP Gary *UNKC )NP , (NP Mesa vice president )NP , )NP (VP said (SBAR (S (NP management )NP (VP will (VP ask (NP directors )NP (S (VP to (VP employ (NP (NP a financial consultant )NP (SBAR (S (VP to (VP advise (NP them )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC *UNKC Group PLC )NP , (NP a U.K. engineering company )NP , )NP (VP reported (NP (NP a (ADJP 16 % )ADJP jump )NP (PP in (NP pretax profit )NP )PP (PP for (NP (NP the six-month period )NP (VP ending (NP June 30 )NP )VP )NP )PP )NP )VP . )S  STOP
(S (NP Pretax profit )NP (VP rose (PP to (NP (NP (QP # *UNKN million )QP )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP )PP (PP from (NP (NP (QP # *UNKN million )QP )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP )PP , (S (VP matching (NP (NP (NP analysts ' )NP expectations )NP , (SBAR (WHNP which )WHNP (S (VP ranged (PP (PP from (NP (QP # 90 million )QP )NP )PP (PP to (NP (QP # 95 million )QP )NP )PP )PP )VP )S )SBAR )NP )VP )S )VP . )S  STOP
(S (NP (NP Profit )NP (PP after (NP (NP taxes )NP and (NP minority interests )NP )NP )PP )NP (VP increased (NP 16 % )NP (PP to (NP (QP # *UNKN million )QP )NP )PP (PP from (NP (QP # *UNKN million )QP )NP )PP (PP in (NP the year-earlier period )NP )PP , (SBAR while (S (NP (NP earnings )NP (PP per (NP share )NP )PP )NP (VP rose (NP 16 % )NP (PP to (NP (NP *UNKN pence )NP (PRN -LRB- (NP 44 cents )NP -RRB- )PRN )NP )PP (PP from (NP (NP *UNKN pence )NP (PRN -LRB- (NP 38 cents )NP -RRB- )PRN )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP said (SBAR (S (NP its core electrical products division )NP (VP enjoyed (NP strong growth )NP , (PP with (NP (NP a (ADJP 20 % )ADJP rise )NP (PP in (NP operating profit )NP )PP (PP during (NP the period )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Financial Group )NP (VP reported (NP (NP a (ADJP 12 % )ADJP increase )NP (PP in (NP net income )NP )PP (PP in (NP the third quarter )NP )PP , (VP led (PP by (NP (NP a (ADJP 43 % )ADJP gain )NP (PP in (NP its financial services group )NP )PP )NP )PP )VP )NP )VP . )S  STOP
(S (NP (NP *UNKC 's )NP net )NP (VP was (NP (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 86 cents )NP (NP a primary share )NP )NP , )NP (PP compared (PP with (NP (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 79 cents )NP (NP a share )NP )NP , )NP (ADVP (NP a year )NP earlier )ADVP )NP )PP )PP )NP )VP . )S  STOP
(S (NP (NP The (NAC *UNKC , *UNKC , )NAC financial services group )NP , (SBAR (WHNP which )WHNP (S (VP includes (NP *UNK- , leasing and *UNKING operations )NP )VP )S )SBAR , )NP (VP contributed (NP (NP (QP $ *UNKN million )QP )NP )NP (PP to (NP net )NP )PP , (ADVP up (PP from (NP (NP last year 's )NP (QP $ *UNKN million )QP )NP )PP )ADVP )VP . )S  STOP
(S (NP *UNKC )NP (ADVP also )ADVP (VP noted (SBAR that , (S (PP unlike (NP (NP other banking companies )NP (PP in (NP the Northeast )NP )PP )NP )PP , (NP it )NP (VP has (VP been (VP (ADVP only marginally )ADVP hurt (PP by (NP (NP nonperforming loans )NP (SBAR (WHNP that )WHNP (S (VP have (VP resulted (PP from (NP the *UNKING regional real estate market )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Fleet )NP (VP reported (NP (NP nine-month net )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a primary share )NP )NP , )NP )PP (ADVP up (PP from (NP (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP (ADVP (NP a year )NP earlier )ADVP )NP )PP )ADVP )NP )VP . )S  STOP
(S (NP *UNKC . Franklin Federal Savings & Loan Association )NP (VP said (SBAR (S (NP it )NP (VP expects (S (VP to (VP post (NP (NP a third-quarter net loss )NP (PP of (NP (NP (QP about $ 8 million )QP )NP , or (NP (NP $ 1.04 )NP (NP a share )NP )NP )NP )PP )NP , (PP as (NP (NP a result )NP (PP of (S (VP adding (NP (NP (QP $ 11 million )QP )NP (PP in (NP loan-loss reserves )NP )PP )NP )VP )S )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The (NAC *UNKC , Ore. , )NAC thrift )NP , (SBAR (WHNP which )WHNP (S (VP has (NP (NP (QP $ 5.2 billion )QP )NP (PP of (NP assets )NP )PP )NP )VP )S )SBAR , )NP (VP had (NP (NP net income )NP (PP in (NP (NP last year 's )NP third quarter )NP )PP (PP of (NP (NP (QP $ 1.8 million )QP )NP , or (NP (NP 23 cents )NP (NP a share )NP )NP )NP )PP )NP )VP . )S  STOP
(S (NP Franklin )NP (VP said (SBAR (S (NP it )NP (VP expects (S (VP to (VP report (NP (NP earnings )NP (PP for (NP the latest quarter )NP )PP )NP (NP next week )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP The additional reserves )NP (VP *UNK (PP to (NP (NP (NP possible write-downs )NP (PP of (NP (NP certain assets )NP (VP held (PP by (NP (NP Franklin )NP and (NP its subsidiaries )NP )NP )PP )VP )NP )PP )NP and (NP (NP the default )NP (PP of (NP (NP a bond )NP (PP in (NP its investment portfolio )NP )PP )NP )PP )NP )NP )PP )VP )S , (NP the thrift )NP (VP said )VP . )S  STOP
(S (PP According (PP to (NP a spokeswoman )NP )PP )PP , (NP they )NP (ADVP also )ADVP (VP *UNK (PP to (NP (NP changes )NP (SBAR (S (NP Franklin )NP (VP will (VP have (S (VP to (VP make )VP )VP )S )VP )VP )S )SBAR (PP in (NP its accounting procedures )NP )PP (S (VP to (VP comply (PP with (NP (NP new federal capitalization requirements )NP (PP for (NP thrifts )NP )PP )NP )PP )VP )VP )S )NP )PP )VP . )S  STOP
(S (NP (NP The company 's )NP shares )NP (VP closed (NP yesterday )NP (PP at (NP $ 4.25 )NP )PP , (ADVP off (NP 25 cents )NP )ADVP , (PP in (NP national over-the-counter trading )NP )PP )VP . )S  STOP
(S (NP *UNKC Inc. )NP (VP said (SBAR that (S (PP as (NP (NP part )NP (PP of (NP (NP a program )NP (SBAR (S (VP to (VP improve (NP profitability )NP )VP )VP )S )SBAR )NP )PP )NP )PP (NP it )NP (VP will (VP take (NP (NP a total )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP after-tax charges )NP )PP )NP )PP )NP (PP by (NP year end )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP announced (NP (NP an initial public offering )NP (PP of (NP (NP 18 % )NP (PP of (NP its gas exploration and production subsidiary )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The (NAC *UNKC , *UNKC , )NAC natural gas company )NP (VP said (SBAR (S (NP the charges )NP , (SBAR though (S (VP (ADVP *UNKLY )ADVP offset (PP by (NP (NP a one-time gain )NP (PP from (NP the offering )NP )PP )NP )PP )VP )S )SBAR , (VP will (VP result (PP in (NP a full-year after-tax loss )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Last year )NP , (NP the company )NP (VP had (NP (NP net income )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP will (VP report (NP (NP (QP $ 179 *UNK )QP )NP (PP in (NP (NP one-time charges )NP (PP against (NP continuing operations )NP )PP )NP )PP (PP for (NP the third quarter )NP )PP )NP , (S (VP reflecting (NP (NP settlement )NP (PP of (NP certain natural gas contracts )NP )PP )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP said (SBAR (S (NP it )NP (VP will (VP take (NP (NP a (ADJP (QP $ 10 million )QP )ADJP fourth-quarter charge )NP (PP against (NP discontinued operations )NP )PP )NP , (S (VP reflecting (NP (NP certain write-downs )NP and (NP (NP the planned sale )NP (PP of (NP a unit )NP )PP )NP )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP (NP its initial offering )NP (PP of (NP (NP 18 % )NP (PP of (NP *UNKC Exploration Co. )NP )PP )NP )PP )NP (VP is (VP expected (S (VP to (VP result (PP in (NP (NP a net gain )NP (PP of (NP (NP (QP about $ 90 million )QP )NP , (SBAR (WHNP which )WHNP (S (VP will (VP be (VP used (S (VP to (VP pay (PRT down )PRT (NP *UNKC debt )NP )VP )VP )S )VP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Exploration )NP (VP owns (NP (NP sizable gas and *UNK- reserves )NP (PP in (NP the South and Southwest )NP )PP )NP )VP . )S  STOP
(S (S (NP South Africa )NP (VP negotiated (NP (NP a new debt agreement )NP )NP (PP with (NP its major foreign creditors )NP )PP (PP for (NP (NP (QP about $ 8 billion )QP )NP (PP of (NP (NP its foreign debt )NP (ADJP outstanding )ADJP )NP )PP )NP )PP )VP )S , (VP said )VP (NP (NP Chris *UNKC )NP , (NP (NP (NP governor )NP (PP of (NP the Reserve Bank )NP )PP )NP and (NP (NP the country 's )NP chief debt *UNK )NP )NP )NP . )S  STOP
(S (NP The new agreement )NP (VP will (VP last (PP for (NP (NP 3 1\/2 years )NP (PP starting (NP (NP July 1 , 1990 )NP , (SBAR (WHADVP when )WHADVP (S (NP the current agreement )NP (VP expires )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The announcement )NP (VP *UNK (PP with (NP (NP the start )NP (PP of (NP (NP the Commonwealth *UNKC Conference )NP (PP in (NP (NP *UNKC *UNKC )NP , (SBAR (WHADVP where )WHADVP (S (NP (NP proposals )NP (PP for (NP (NP renewed sanctions )NP (PP against (NP South Africa )NP )PP , (PP including (NP (NP moves )NP (SBAR (S (VP to (VP block (NP (NP settling )NP (PP of (NP a new debt agreement )NP )PP )NP )VP )VP )S )SBAR )NP )PP , )NP )PP )NP (VP were (VP scheduled (S (VP to (VP be (VP discussed )VP )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (PP As (PP with (NP the previous pact )NP )PP )PP , (NP the new agreement )NP (VP covers (NP (NP (NP the country 's )NP debt )NP `` (PP inside (NP (NP the net )NP , '' (SBAR (WHNP which )WHNP (S (VP *UNK (ADVP mainly )ADVP (PP to (NP (NP *UNK )NP (ADJP due (PP to (NP overseas creditor banks )NP )PP )ADJP (PP by (NP the private sector )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP The agreement )NP (VP calls (SBAR for (S (NP South African *UNK )NP (VP to (VP make (NP *UNK )NP (PP in (NP eight *UNK )NP )PP , (PP starting (PP in (NP (NP December )NP (PP of (NP next year )NP )PP )NP )PP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The redemption )NP (ADVP then )ADVP (VP would (VP be (PP at (NP (NP 1.5 % )NP (PP of (NP the total debt )NP )PP )NP )PP , (S (VP (VP increasing (PP to (NP 2.5 % )NP )PP (PP in (NP February 1991 )NP )PP )VP , and (VP (PP to (NP 3 % )NP )PP (PP at (NP six-month *UNK )NP )PP (ADVP thereafter )ADVP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP A revised provision )NP )NP (VP would (VP be (VP included (PP for (NP (NP the conversion )NP (PP of (NP (NP short-term claims )NP (PP inside (NP the net )NP )PP )NP )PP (PP to (NP (NP long-term loans )NP (PP outside (NP the net )NP )PP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP These claims )NP (VP would (VP be (ADJP *UNK (PP over (NP a 10-year period )NP )PP )ADJP )VP )VP . )S  STOP
(S (NP (NP Foreign debt )NP (VP falling (PP outside (NP (NP the net )NP (PP of (NP affected *UNK )NP )PP -- (SBAR (WHNP which )WHNP (S (NP Mr. *UNKC )NP (VP estimated (PP at (NP (QP $ 12 billion )QP )NP )PP )VP )S )SBAR -- )NP )PP )VP )NP (VP would (VP remain (ADJP not subject (PP to (NP the debt arrangements )NP )PP )ADJP )VP )VP . )S  STOP
(S (NP New York Times Co. )NP (VP said (SBAR (S (NP net income )NP (VP rose (PP in (NP the third quarter )NP )PP (PP because of (NP (NP a one-time gain )NP (PP on (NP (NP the sale )NP (PP of (NP (NP the company 's )NP *UNK- system )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Net )NP (VP surged (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 33 cents )NP (NP a share )NP )NP , )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP . )S  STOP
(S (NP The latest quarter )NP (VP included (NP (NP a gain )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP the sale )NP (PP of (NP New York Times Cable )NP )PP , (VP completed (PP in (NP August )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(S (S (ADJP *UNKC (PP of (NP the gain )NP )PP )ADJP )S , (NP operating profit )NP (VP declined (NP 35 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 21 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 31 cents )NP (NP a share )NP )NP )NP )PP )VP . )S  STOP
(S (NP The decline )NP (VP (ADVP primarily )ADVP reflected (NP (NP (NP the *UNK )NP (PP from (S (VP acquiring (NP (NP McCall 's )NP , (NP (NP *UNKC World )NP (PRN -LRB- (NP U.S. )NP -RRB- )PRN )NP and (NP *UNKING World magazines )NP )NP )VP )S )PP )NP ; (NP (NP lower equity earnings )NP (PP from (NP the forest-products group )NP )PP (PP because of (NP (NP price discounting )NP and (NP an unfavorable exchange rate )NP )NP )PP )NP , and (NP (NP an (ADJP 8.7 % )ADJP decline )NP (PP in (NP advertising *UNK )NP )PP (PP at (NP (NP the New York Times )NP , (NP (NP the company 's )NP flagship newspaper )NP )NP )PP )NP )NP )VP . )S  STOP
(S (NP (NP Advertising volume )NP (PP at (NP (NP the company 's )NP 35 regional newspapers )NP )PP )NP (VP decreased (NP 1.1 % )NP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP the negative factors )NP (VP are (VP expected (S (VP to (VP continue (PP into (NP next year )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP 6.4 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP Democrat *UNKC Taylor )NP (VP won (NP (NP a special election )NP (SBAR (S (VP to (VP fill (NP (NP the congressional seat )NP (VP *UNKED (PP by (NP (NP the death )NP (PP of (NP Republican *UNKC Smith )NP )PP )NP )PP )VP )NP )VP )VP )S )SBAR )NP , (S (VP taking (PRT back )PRT (NP (NP (NP the GOP 's )NP *UNK *UNK )NP (PP in (NP (NP Mississippi 's )NP House delegation )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP (NP (NP Mr. Taylor 's )NP overwhelming victory )NP (PP against (NP Republican Tom Anderson )NP )PP )NP (VP (VP *UNK (NP (NP a seat )NP (SBAR (S (NP the Republicans )NP (VP had (VP held (PP for (NP 17 years )NP )PP )VP )VP )S )SBAR )NP )VP and (VP gives (NP the Democrats )NP (NP (NP their fifth victory )NP (PP in (NP (NP the seven special House elections )NP (VP held (NP this year )NP )VP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Mr. Taylor )NP , (NP (NP a *UNK- state senator )NP (PP from (NP Bay St. Louis )NP )PP )NP , )NP (VP won (NP (NP 65 % )NP (PP of (NP the vote )NP )PP )NP (PP in (NP (NP a district )NP (SBAR (SBAR (WHNP that )WHNP (S (VP has (VP voted (S (ADJP Republican )ADJP )S (PP in (NP the past five presidential elections )NP )PP )VP )VP )S )SBAR and (SBAR (WHNP that )WHNP (S (VP was (ADVP once )ADVP (VP represented (PP by (NP Republican U.S. Sen. *UNKC *UNKC )NP )PP )VP )VP )S )SBAR )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP Mr. Taylor 's )NP victory )NP (VP was (NP an embarrassment )NP (PP for (NP (UCP both state and national )UCP Republicans )NP )PP )VP . )S  STOP
(S (NP (NP Mr. Anderson )NP , (NP a former *UNKC aide )NP , )NP (VP received (NP campaign assistance )NP (PP (PP from (NP the senator )NP )PP and (PP from (NP (NP President Bush )NP , (SBAR (WHNP who )WHNP (S (VP visited (NP the district )NP (NP last week )NP )VP )S )SBAR )NP )PP )PP )VP . )S  STOP
(S (ADVP Even so )ADVP , (NP Mr. Taylor )NP (VP carried (NP (NP all )NP (PP but (NP one )NP )PP (PP of (NP (NP the district 's )NP dozen counties )NP )PP )NP )VP . )S  STOP
(S (NP Rep. Smith )NP (VP died (PP in (NP a plane crash )NP )PP (PP on (NP Aug. 13 )NP )PP )VP . )S  STOP
(S (NP Wall Street Journal reporters )NP (VP called (NP (NP companies )NP (PP with (NP (NP headquarters or facilities )NP (PP in (NP the Bay area )NP )PP )NP )PP )NP (PP in (NP a bid (S (VP to (VP assess (NP (NP the damage )NP (PP to (NP their operations )NP )PP (VP caused (PP by (NP (NP Tuesday 's )NP earthquake )NP )PP )VP )NP )VP )VP )S )NP )PP )VP . )S  STOP
(S (NP The calls )NP (VP reached (NP (NP (NP many )NP , but (NP certainly not all )NP , )NP (PP of (NP (NP the (ADJP publicly held )ADJP companies )NP (PP with (NP (NP operations )NP (PP in (NP the area )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP most cases )NP )PP (NP (NP damage )NP (PP to (NP company facilities and operations )NP )PP )NP (VP was (ADJP minimal )ADJP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC INC. )NP , (NP Menlo Park )NP , (NP temporary personnel agency )NP , (NP (NP annual sales )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP , (NP OTC )NP , )NP (VP said (SBAR (S (NP (NP (QP all 30 )QP offices )NP (PP in (NP Bay area )NP )PP )NP (VP were (UCP (VP working )VP , but (PP in (NP (NP various states )NP (PP of (NP disarray )NP )PP )NP )PP )UCP )VP )S )SBAR )VP . )S  STOP
(S (NP Business )NP (VP was (ADJP slow )ADJP (SBAR because (S (NP many companies )NP (VP were (ADJP closed )ADJP (NP yesterday )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC *UNKC *UNKC INC. )NP , (NP Sunnyvale )NP , (NP integrated circuit maker )NP , (NP (NP annual sales )NP (PP of (NP (QP $ 1.12 billion )QP )NP )PP )NP , (NP NYSE )NP , )NP (VP had (NP (ADJP only minor )ADJP structural damage )NP )VP . )S  STOP
(S (S (NP (NP Most )NP (PP of (NP its *UNKN workers )NP )PP )NP (VP were (PP at (NP work )NP )PP (NP yesterday )NP )VP )S , and (S (NP no production slowdown )NP (VP was (VP anticipated (ADVP (ADVP as long )ADVP (SBAR as (S (NP electricity )NP (VP remains (ADJP available )ADJP )VP )S )SBAR )ADVP )VP )VP )S . )S  STOP
(S (S (NP (NP *UNKC CORP. )NP , (NP Sunnyvale )NP , (NP computer maker )NP , (NP (NP annual sales )NP (PP of (NP (QP $ 1.8 billion )QP )NP )PP )NP , (NP Amex )NP , )NP (VP was (ADJP closed )ADJP (NP yesterday )NP )VP )S and (S (NP no damage estimates )NP (VP were (ADJP available )ADJP )VP )S . )S  STOP
(S (S (NP (NP *UNKC *UNKC *UNKC *UNKC Inc. )NP , (NP San Francisco )NP , (NP (NP provider )NP (PP of (NP maintenance services )NP )PP )NP , (NP (NP annual revenue )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP , (NP NYSE )NP , )NP (VP (VP had (NP (NP some damage )NP (PP to (NP headquarters )NP )PP )NP )VP and (VP lost (NP phone service )NP )VP )VP )S , but (S (NP operations )NP (VP (VP were (VP moved (PP to (NP a branch office )NP )PP )VP )VP and (VP are (VP running (ADVP smoothly )ADVP (NP (NP thanks )NP (PP to (NP (NP a *UNKED computer system )NP (SBAR (S (NP the company )NP (VP had (VP developed (PP before (NP the quake )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )VP )S . )S  STOP
(S (NP (NP *UNKC *UNKC *UNKC )NP , (NP Oakland )NP , (NP shipping concern )NP , (NP (NP annual sales )NP (PP of (NP (QP $ 2.2 billion )QP )NP )PP )NP , (NP NYSE )NP , )NP (VP had (NP (NP little damage )NP (PP to (NP (NP the (NX (NX *UNK )NX , (NX *UNK )NX or (NX rail track )NX )NX )NP (PP at (NP (NP its *UNK- facility )NP (PP near (NP the collapsed *UNKC 880 *UNK )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The company )NP (VP expects (S (VP to (VP work (NP (NP a ship )NP (ADJP due (ADVP in )ADVP (NP today )NP )ADJP )NP (PP with (NP minimal delays )NP )PP , (PP despite (NP *UNK power )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC INC. )NP , (NP Indianapolis )NP , (NP NYSE )NP , )NP (VP said (SBAR (S (NP (NP its *UNKC Corp. unit )NP , (NP (NP a Sunnyvale maker )NP (PP of (NP computer disks and *UNK )NP )PP (PP with (NP (NP annual sales )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )NP , )NP (VP (VP had (NP (ADJP only minor )ADJP damage )NP )VP and (VP is (ADJP fully operational )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC *UNKC INC. )NP , (NP San Jose )NP , (NP (NP distributor )NP (PP of (NP electronic parts )NP )PP )NP , (NP (NP annual sales )NP (PP of (NP (QP about $ 300 million )QP )NP )PP )NP , (NP NYSE )NP , )NP (VP (VP sustained (NP (ADJP very little )ADJP damage )NP )VP , (VP anticipated (VP being `` (PP in (NP (ADJP 100 % )ADJP operating condition )NP )PP '' (PP by (NP *UNK )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC *UNKC )NP , (NP *UNKC )NP , (NP computer maker )NP , (NP (NP annual sales )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP , (NP OTC )NP , )NP (VP sustained (NP some structural damage )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP were (ADJP closed )ADJP (NP yesterday )NP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC INC. )NP , (NP Santa Clara )NP , (NP (NP maker )NP (PP of (NP *UNK- machine systems )NP )PP )NP , (NP (NP annual sales )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP , (NP OTC )NP , )NP (VP had (NP (NP (NP slight damage )NP (PP to (NP headquarters )NP )PP )NP , (NP (NP no damage )NP (PP to (NP manufacturing plants )NP )PP )NP )NP )VP . )S  STOP
(S (NP (NP Company )NP , (PP with (NP (NP *UNKN workers )NP (PP in (NP area )NP )PP )NP )PP , )NP (VP is (ADJP fully *UNK )ADJP )VP . )S  STOP
(S (NP (NP *UNKC CORP. )NP , (NP Sunnyvale )NP , (NP (NP maker )NP (PP of (NP personal computers and software )NP )PP )NP , (NP (NP annual sales )NP (PP of (NP (QP $ 700 million )QP )NP )PP )NP , (NP Amex )NP , )NP (VP (VP had (NP minor damage )NP )VP and (VP expects (S (VP to (VP be (ADJP fully operational )ADJP (PP by (NP tomorrow )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP (NP *UNKC Corp. )NP , (NP San Francisco )NP , (NP bank holding company )NP , (NP (NP annual revenue )NP (PP of (NP (QP $ 10.2 billion )QP )NP )PP )NP , (NP NYSE )NP , )NP (NP yesterday )NP (VP had (NP no power )NP (PP at (NP its headquarters )NP )PP )VP )S , (S (NP (NP 80 )NP (PP of (NP its *UNKN Northern California branches )NP )PP )NP (VP were (ADJP closed )ADJP )VP )S and (S (NP (QP 250 of 750 )QP automatic *UNK machines )NP (VP were (ADJP closed )ADJP (PP in (NP the area )NP )PP )VP )S . )S  STOP
(S (NP Securities trading )NP (VP was (VP conducted (PP in (NP (NP a backup facility )NP (PP in (NP Concord )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP *UNKC CORP. )NP , (NP San Francisco )NP , (NP engineering and construction concern )NP , (NP (NP annual sales )NP (PP of (NP (QP $ 4 billion )QP )NP )PP )NP , )NP (VP had (NP (ADJP only minor )ADJP structural damage )NP (PP at (NP (NP its three buildings )NP (PP in (NP the city )NP )PP )NP )PP )VP )S , but (S (NP its computers )NP (VP were (VP knocked (PRT out )PRT )VP )VP )S . )S  STOP
(S (S (NP *UNKC computer tapes )NP (VP were (VP *UNKED (PP to (NP (NP an IBM office )NP (PP in (NP Philadelphia )NP )PP )NP )PP )VP )VP )S , and (S (NP the company )NP (VP expects (S (NP its mainframe )NP (VP to (VP be (ADVP up )ADVP (PP in (NP (QP a few )QP days )NP )PP )VP )VP )S )VP )S . )S  STOP
(S (NP Workers )NP , (PP except (PP for (NP senior management )NP )PP )PP , (VP were (VP asked (S not (VP to (VP report (PP for (NP work )NP )PP (NP yesterday )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC INC. )NP , (NP *UNKC )NP , (NP *UNK research and *UNK- leader )NP , (NP (NP (QP $ 200 million )QP )NP (PP in (NP annual sales )NP )PP )NP , (NP Amex )NP , )NP (VP said (SBAR (S (NP (NP its Richmond *UNK )NP (ADVP north (PP of (NP San Francisco )NP )PP )ADVP )NP (VP was (ADJP closed )ADJP (PP because of (NP (NP debris )NP and (NP fallen *UNK )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP expects (S (VP to (VP be (ADJP fully operational )ADJP (PP by (NP next week )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP *UNKC Valley )NP , (NP personal computer and software designer )NP , (NP (NP annual sales )NP (PP of (NP (QP $ 72 million )QP )NP )PP )NP , )NP (VP (VP had (NP (NP heavy damage )NP (PP to (NP its headquarters )NP )PP )NP )VP and (VP was (VP conducting (NP business )NP (PP from (NP its parking lot )NP )PP )VP )VP )VP . )S  STOP
(S (NP The company )NP (VP does n't (VP expect (NP any shipping delays )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC INC. )NP , (NP San Jose )NP , (NP computer retail company )NP , (NP (NP annual sales )NP (PP of (NP (QP $ 1.1 billion )QP )NP )PP )NP , (NP NYSE )NP , )NP (VP said (SBAR (S (NP (NP all 16 corporate office and stores )NP (PP in (NP the area )NP )PP )NP (VP were (ADJP open )ADJP (PP with (NP (NP the exception )NP (PP of (NP (NP a retail center )NP (PP in (NP (NP San Francisco 's )NP business district )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP That facility )NP (VP should (VP reopen (NP today )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC *UNKC *UNKC Inc. )NP , (NP Los Angeles )NP , (NP retailer )NP , (NP (NP annual sales )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP , (NP NYSE )NP , )NP (VP said (SBAR (S (NP (NP nine )NP (PP of (NP (NP its 22 *UNKC stores )NP (PP in (NP the area )NP )PP )NP )PP )NP (VP were (ADJP closed )ADJP (PP because of (NP (NP water damage )NP , (NP broken windows )NP and (NP fallen displays )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP A spokesman )NP (VP said (SBAR (S (S (NP sales )NP (VP are (VP expected (S (VP to (VP be (VP hurt )VP )VP )VP )S )VP )VP )S , but (S (NP the losses )NP (VP are (VP covered (PP by (NP insurance )NP )PP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (S (NP (NP *UNKC CORP. )NP , (NP San Francisco )NP , (NP oil company )NP , (NP (NP annual sales )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP , (NP NYSE )NP , )NP (VP had (NP (NP minor damage )NP (PP to (NP downtown headquarters )NP )PP )NP )VP )S , but (S (NP structural damage )NP (VP closed (NP (NP two )NP (PP of (NP (NP its seven buildings )NP (PP in (NP San *UNKC industrial park )NP )PP )NP )PP )NP )VP )S . )S  STOP
(S (NP Company )NP (VP expects (S (VP to (VP be (ADJP fully operational )ADJP (PP by (NP next week )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC Co. )NP , (NP Oakland )NP , (NP consumer products )NP , (NP (NP annual sales )NP (PP of (NP (QP $ 1.36 billion )QP )NP )PP )NP , (NP NYSE )NP , )NP (VP (VP was (ADJP closed )ADJP (NP yesterday )NP )VP but (VP plans (S (VP to (VP reopen (NP today or tomorrow )NP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (S (NP orders )NP (VP are (VP being (VP *UNKED (PP through (NP (NP *UNKC Products unit )NP (PP in (NP (NP Louisville )NP , (NP Ky. )NP )NP )PP )NP )PP )VP )VP )VP )S , but (S (NP computer problems )NP (VP mean (SBAR (S (NP they )NP (VP must (VP be (VP processed (ADVP *UNKLY )ADVP )VP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (VP *UNKC (S (VP to (VP be (ADJP fully operational )ADJP (NP early next week )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC INC. )NP , (NP Palo Alto )NP , (NP *UNK maker )NP , (NP (NP annual sales )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP , )NP (VP (VP was (ADJP closed )ADJP (NP yesterday )NP )VP but (VP expects (S (VP to (VP reopen (NP today )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC INC. )NP , (NP Menlo Park )NP , (NP trucking company )NP , (NP (NP (QP $ *UNKN billion )QP )NP (PP in (NP annual sales )NP )PP )NP , (NP NYSE )NP , )NP (VP had (NP (NP (NP structural damage )NP (PP to (NP (NP (NP *UNK Motor *UNKC subsidiary 's )NP office )NP (PP in (NP Palo Alto )NP )PP )NP )PP )NP , (NP (NP no damage )NP (PP in (NP Menlo Park )NP )PP )NP )NP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC INC. )NP , (NP Palo Alto )NP , (NP medical products maker )NP , (NP (NP annual sales )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP , (NP NYSE )NP , )NP (VP (VP had (NP little damage )NP )VP and (VP was (PP in (NP full operation )NP )PP (NP yesterday )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC CORP. )NP , (NP Minneapolis )NP , (NP retailer )NP , (NP (NP annual sales )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP , (NP NYSE )NP , )NP (VP closed (NP (NP (NP seven )NP (PP of (NP its 13 *UNKC *UNKC discount stores )NP )PP )NP and (NP (NP nine )NP (PP of (NP its 20 (NP *UNKC 's )NP department stores )NP )PP )NP )NP (PP because of (NP (NP (NP pending reviews )NP (PP by (NP structural engineers )NP )PP )NP or (NP (NP requests )NP (PP from (NP (NP authorities )NP , (SBAR (WHNP who )WHNP (S (VP were (VP trying (S (VP to (VP keep (NP shoppers )NP (PP off (NP the *UNK )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP expects (S (VP to (VP reopen (NP (NP three *UNKC stores )NP and (NP (QP all but two )QP *UNKC 's )NP )NP (NP today or tomorrow )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC INC. )NP , (NP South San Francisco )NP , (NP (NP maker )NP (PP of (NP magnetic *UNK *UNKING equipment )NP )PP )NP , (NP (NP annual sales )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP , (NP Amex )NP , )NP (VP had (NP minor damage )NP , (PP (ADVP mostly )ADVP in (NP a *UNK )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP plans (S (VP to (VP be (ADJP fully operational )ADJP (NP today )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC *UNKC CORP. )NP , (NP (NP Maynard )NP , (NP Mass. )NP )NP , (NP computer maker )NP , (NP (NP annual sales )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP , (NP NYSE )NP , )NP (VP had (NP (NP (NP structural damage )NP (PP at (NP its San Francisco sales office )NP )PP )NP but (NP (NP no *UNK damage )NP (PP (ADVP elsewhere )ADVP in (NP (NP the area )NP , (PP including (NP its Cupertino plant )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC *UNKC *UNKC INC. )NP , (NP Oakland )NP , (NP ice *UNK maker )NP , (NP (NP annual sales )NP (PP of (NP (QP $ 225 million )QP )NP )PP )NP , (NP OTC )NP , )NP (VP said (SBAR (S (NP it )NP (VP is (VP delivering (NP ice *UNK )NP (SBAR (WHADVP *UNK )WHADVP (S (NP roads )NP (VP are (ADJP *UNK )ADJP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC *UNKC INC. )NP , (NP *UNKC )NP , (NP (NP maker )NP (PP of (NP (NP personal computers )NP and (NP *UNK )NP )NP )PP )NP , (NP (NP annual sales )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP , (NP OTC )NP , )NP (VP (VP had (NP minor damage )NP )VP and (VP was (ADJP almost fully operational )ADJP (NP yesterday )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC Corp. )NP , (NP New York )NP , (NP oil company )NP , (NP NYSE )NP , )NP (VP said (SBAR (S (NP (NP its refinery )NP (ADVP *UNK (PP of (NP San Francisco )NP )PP )ADVP )NP (VP was (VP operating (PP at (NP a slightly reduced rate )NP )PP (PP as (NP a *UNK )NP )PP (PP in (NP (NP case )NP (PP of (NP aftershocks )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC *UNKC *UNKC )NP , (NP Dearborn )NP , (NP Mich. )NP , (NP auto maker )NP , (NP (NP annual sales )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP , (NP NYSE )NP , )NP (VP said (SBAR (S (NP (NP its three Ford Aerospace unit facilities )NP (PP in (NP the Bay area )NP )PP , (PP including (NP (NP a *UNKLY operation )NP (PP in (NP Palo Alto )NP )PP )NP )PP , )NP (VP had (NP no major damage )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC Inc. )NP , (NP San *UNKC )NP , (NP clothing retailer )NP , (NP (NP annual sales )NP (PP of (NP (QP $ 1.25 billion )QP )NP )PP )NP , (NP NYSE )NP , )NP (VP expects (S (S (NP (NP most )NP (PP of (NP its stores )NP )PP )NP (VP to (VP return (PP to (NP full operation )NP )PP )VP )VP )S and (S (NP (QP all 2,500 )QP of its *UNKC workers )NP (VP to (VP be (ADVP back (PP at (NP work )NP )PP )ADVP (PP by (NP today )NP )PP )VP )VP )S )S )VP . )S  STOP
(S (NP (NP *UNKC INC. )NP , (NP South San Francisco )NP , (NP biotechnology company )NP , (NP (NP annual sales )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP , (NP NYSE )NP , )NP (VP (VP sustained (NP no major damage )NP )VP and (VP expects (S (VP to (VP be (ADJP fully operational )ADJP (NP today )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC *UNKC )NP , (NP (NP *UNKC )NP , (NP Conn. )NP )NP , (NP consumer , industrial products and broadcasting concern )NP , (NP (NP annual sales )NP (PP of (NP (QP $ 50 billion )QP )NP )PP )NP , (NP NYSE )NP , )NP (VP said (SBAR (S (NP its GE Nuclear Energy unit )NP , (PP with (NP *UNKN *UNKC employees )NP )PP , (VP had (NP (ADJP only minor )ADJP damage )NP (PP at (NP its San Jose headquarters )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Business )NP (VP was n't (VP disrupted )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC CORP. )NP , (NP Detroit )NP , (NP auto maker )NP , (NP (NP annual sales )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP , (NP NYSE )NP , )NP (VP sustained (NP (NP (NP (QP about 10 )QP injuries )NP (PP to (NP workers )NP )PP )NP and (NP (NP some *UNKED water *UNK )NP (PP at (NP (NP (NP its New United Motor Manufacturing Inc. facility )NP (PP in (NP *UNKC )NP )PP )NP , (NP (NP a joint venture )NP (PP with (NP Toyota Motor Corp )NP )PP )NP )NP )PP )NP )NP )VP . )S  STOP
(S (S (NP There )NP (VP was (NP (NP limited production )NP (PP of (NP some models )NP )PP )NP (NP yesterday )NP )VP )S , but (S (NP (NP it )NP )NP (VP was n't (ADJP clear )ADJP (SBAR (WHADVP when )WHADVP (S (NP the normal *UNK- pace )NP (VP will (VP resume )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP Plant officials )NP (VP are (ADVP still )ADVP (VP assessing (NP (NP damage )NP (PP to (NP (NP parts suppliers )NP and (NP (NP (NAC Port (PP of (NP Oakland )NP )PP )NAC facilities )NP (SBAR (WHNP that )WHNP (S (VP handle (NP (NP shipments )NP (PP to (NP the plant )NP )PP )NP )VP )S )SBAR )NP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC *UNKC CORP. )NP , (NP Oakland )NP , (NP savings and loan )NP , (NP (NP annual revenue )NP (PP of (NP (QP $ 1.4 billion )QP )NP )PP )NP , (NP NYSE )NP , )NP (VP had (NP (NP (NP (ADJP only minor )ADJP damage )NP (PP to (NP a few branches )NP )PP )NP and (NP no injured employees )NP )NP )VP . )S  STOP
(S (NP (NP *UNKC Co. )NP , (NP Palo Alto )NP , (NP personal computer and electronic equipment maker )NP , (NP (NP annual sales )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP , (NP NYSE )NP , )NP (VP said (SBAR (S (NP there )NP (VP will (VP be (NP (NP a `` minimal suspension '' )NP (PP of (NP manufacturing )NP )PP )NP (PP for (NP an *UNKED period )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The computer system )NP (VP was (VP operating )VP )VP )S , so (S (NP orders )NP (VP could (VP be (VP taken )VP )VP )VP )S . )S  STOP
(S (NP The company )NP (VP has (NP (NP 18,000 employees )NP and (NP (QP more than 70 )QP buildings )NP )NP (PP in (NP the Bay area )NP )PP )VP . )S  STOP
(S (NP (NP One building )NP (PP in (NP Palo Alto )NP )PP )NP (VP may (VP be (ADJP damaged (PP beyond (NP repair )NP )PP )ADJP )VP )VP . )S  STOP
(S (S (NP Others )NP (VP had (NP lesser damage )NP )VP )S and (S (NP there )NP (VP were (NP no injuries )NP (PP among (NP workers )NP )PP )VP )S . )S  STOP
(S (S (NP *UNKC )NP (VP will (VP be `` (ADVP easily )ADVP (PP in (NP the millions )NP )PP )VP )VP )S , '' (NP the company )NP (VP said )VP . )S  STOP
(S (NP (NP *UNKC Corp. )NP , (NP *UNKC )NP , (NP (NP manufacturer )NP (PP of (NP engineered parts )NP )PP )NP , (NP (NP annual sales )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP , (NP NYSE )NP , )NP (VP had (NP (NP little damage )NP (PP beyond (NP some phone trouble )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC CO. )NP , (NP San Francisco )NP , (NP (UCP gold and general )UCP *UNK )NP , (NP (NP annual sales )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP , (NP NYSE )NP , )NP (VP said (SBAR (SBAR (S (NP its headquarters )NP (VP was (ADJP closed )ADJP (NP yesterday )NP (PP because of (NP (NP power failures )NP and (NP (NP lack )NP (PP of (NP water )NP )PP )NP )NP )PP )VP )S )SBAR , but (SBAR that (S (NP it )NP (VP may (VP reopen (NP today )NP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP It )NP (VP expects (S (NP (NP any impact )NP (PP on (NP its business )NP )PP )NP (VP to (VP be (ADJP slight )ADJP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC *UNKC CORP. )NP , (NP *UNKC )NP , (NP financial services concern )NP , (NP (NP annual revenue )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP , (NP OTC )NP , )NP (VP said (SBAR (S (NP (NP three )NP (PP of (NP its 17 *UNKC branches )NP )PP )NP (VP were (ADJP closed )ADJP (NP yesterday )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP expects (S (NP all branches )NP (VP to (VP reopen (NP today )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC CORP. )NP , (NP Santa Clara )NP , (NP (NP maker )NP (PP of (NP computer accessories )NP )PP )NP , (NP (NP annual sales )NP (PP of (NP (QP $ 250 million )QP )NP )PP )NP , (NP OTC )NP , )NP (VP said (SBAR (S (S (NP *UNK )NP (VP were (ADJP out )ADJP (PP at (NP its headquarters )NP )PP )VP )S but (S (NP service )NP (VP should (VP be (VP restored (PP by (NP today )NP )PP )VP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP it )NP (VP was (VP doing (NP (NP a brisk business )NP (PP in (NP (NP computer *UNK- *UNK )NP , (NP *UNK )NP and (NP *UNK power sources )NP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP *UNKC Corp. )NP , (NP Santa Clara )NP , (NP semiconductor maker )NP , (NP (NP annual sales )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP , (NP OTC )NP , )NP (VP had (NP some damage )NP )VP )S and (S (NP few people )NP (VP were (PP at (NP work )NP )PP (NP yesterday )NP )VP )S . )S  STOP
(S (NP (NP *UNKC *UNKC *UNKC Corp )NP , (NP (NP Armonk )NP , (NP N.Y. )NP )NP , (NP (NP maker )NP (PP of (NP business machines )NP )PP )NP , (NP NYSE )NP , )NP (VP said (SBAR (S (NP (NP flooding )NP (VP caused (PP by (NP broken water *UNK )NP )PP )VP )NP (VP closed (NP (NP its San Jose plant )NP , (SBAR (WHNP which )WHNP (S (VP makes (NP *UNK- *UNK- devices )NP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP The plant )NP and (NP its *UNKN employees )NP )NP (VP (ADVP gradually )ADVP will (VP resume (NP operations )NP (PP over (NP the next several days )NP )PP )VP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(SINV (ADVP Also )ADVP (ADJP closed )ADJP (NP yesterday )NP (VP were )VP (NP (NP (NP the company 's )NP Santa *UNKC *UNK- *UNK )NP and (NP the *UNKC research center )NP )NP . )SINV  STOP
(S (NP (NP The concern 's )NP National Service Division )NP (VP opened (NP (NP a center )NP (PP for (NP emergency service )NP )PP (PP in (NP *UNKC Creek )NP )PP )NP (PP as (NP (NP part )NP (PP of (NP its *UNK- plan )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP (NP *UNKC *UNKC & *UNKC )NP , (NP Oakland )NP , (NP metal and chemical maker )NP , (NP (NP annual sales )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP , )NP (VP had (NP (NP slight structural damage )NP (PP to (NP its *UNK- headquarters building )NP )PP )NP )VP )S and (S (NP employees )NP (VP stayed (ADVP home )ADVP (NP yesterday )NP (S (VP to (VP allow (S (NP crews )NP (VP to (VP clean (PRT up )PRT )VP )VP )S )VP )VP )S )VP )S . )S  STOP
(S (NP (NP *UNKC CORP. )NP , (NP *UNKC )NP , (NP aerospace and defense concern )NP , (NP (NP annual sales )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP , (NP NYSE )NP , )NP (VP said (SBAR (S (NP its Lockheed *UNKC & Space division )NP (VP closed (NP its Santa *UNKC test facility )NP (PP because of (NP (NP power *UNK )NP and (NP *UNK )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The closing )NP , (S (VP affecting (NP *UNKN employees )NP )VP )S , (VP will (VP continue (SBAR (ADVP at least )ADVP until (S (NP roads )NP (VP are (VP cleared )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP was n't (VP known (SBAR (WHPP to (WHNP (WHNP what extent )WHNP (PRN , (SBAR if (FRAG (NP any )NP )FRAG )SBAR , )PRN )WHNP )WHPP (S (NP the facility )NP (VP was (VP damaged )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP was n't (VP known (SBAR (WHNP what )WHNP (S (NP (NP the impact )NP )NP (VP will (VP be (PP on (NP (NP (NP the division 's )NP work )NP , (SBAR (WHNP which )WHNP (S (VP includes (NP (NP (NP the Navy 's )NP (ADJP *UNKC *UNKED )ADJP missile program )NP and (NP (NP the Air Force 's )NP Strategic Defense *UNKC )NP )NP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP The division )NP (VP had (NP (ADJP only minor )ADJP damage )NP (PP at (NP its (NX (NX Sunnyvale headquarters )NX and (NX (NX plant )NX (PP in (NP Palo *UNKC )NP )PP )NX )NX )NP )PP )VP )S , and (S (NP (NP no delays )NP (PP in (NP deliveries )NP )PP )NP (VP are (VP expected )VP )VP )S . )S  STOP
(S (S (NP (NP *UNKC *UNKC *UNKC INC. )NP , (NP *UNKC Creek )NP , (NP *UNK chain )NP , (NP (NP annual sales )NP (PP of (NP (QP $ 1.9 billion )QP )NP )PP )NP , (NP NYSE )NP , )NP (VP had (NP (ADJP only minor )ADJP damage )NP )VP )S and (S (NP (NP (NP (QP only four )QP )NP (PP of (NP its 75 *UNKC stores )NP )PP )NP , (NP (NP all )NP (PP in (NP the Santa Cruz area )NP )PP )NP , )NP (VP were (ADJP closed )ADJP )VP )S . )S  STOP
(S (NP All )NP (VP are (VP expected (S (VP to (VP reopen (ADVP soon )ADVP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC CORP. )NP , (NP *UNKC )NP , (NP (NP maker )NP (PP of (NP *UNKED integrated circuits )NP )PP )NP , (NP (NP annual sales )NP (PP of (NP (QP $ 550 million )QP )NP )PP )NP , (NP NYSE )NP , )NP (VP has (VP halted (NP manufacturing )NP (PP at (NP (NP its three plants )NP (PP in (NP the area )NP )PP )NP )PP (SBAR while (S (NP they )NP (VP are (VP *UNKED (PP for (NP structural damage )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The company )NP (VP expects (S (VP to (VP resume (NP full operations )NP (PP by (NP today )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC *UNKC & Co. )NP , (NP New York )NP , (NP retailer )NP , (NP (NP annual sales )NP (PP of (NP (QP $ 7 billion )QP )NP )PP )NP , )NP (VP said (SBAR (S (NP there )NP (VP was (NP (NP minor damage )NP (PP to (NP (NP (NP its 24 Macy stores )NP and (NP nine I. *UNKC stores )NP )NP (PP in (NP the Bay area )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP *UNKC CORP. )NP , (NP Cupertino )NP , (NP (NP maker )NP (PP of (NP computer integrated manufacturing processes )NP )PP )NP , (NP (NP annual sales )NP (PP of (NP $ *UNKN million )NP )PP )NP , (NP NYSE )NP , )NP (VP had (NP (ADJP only minor )ADJP damage )NP )VP )S but (S (NP workers )NP (VP spent (NP (NP most )NP (PP of (NP yesterday )NP )PP )NP (S (VP cleaning (PRT up )PRT )VP )S )VP )S . )S  STOP
(S (NP (NP NATIONAL *UNKC CORP. )NP , (NP Santa Clara )NP , (NP semiconductor maker )NP , (NP (NP annual sales )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP , (NP NYSE )NP , )NP (VP said (SBAR (S (S (NP it )NP (VP had (NP no major structural damage )NP (PP at (NP its 30 *UNKC buildings )NP )PP )VP )S , but (S (NP two workers )NP (VP were (VP injured )VP )VP )S )S )SBAR )VP . )S  STOP
(S (NP Production )NP (VP resumed (NP yesterday )NP )VP . )S  STOP
(S (NP (NP *UNKING )NP (PP in (NP a *UNK- plant )NP )PP )NP (VP needed (NP immediate repairs )NP )VP . )S  STOP
(S (NP (NP *UNKC INC. )NP , (NP Seattle )NP , (NP retailer )NP , (NP (NP annual sales )NP (NP (QP $ *UNKN billion )QP )NP )NP , (NP OTC )NP , )NP (PRN (S (NP (NP five )NP (PP of (NP (NP (NP this *UNK- chain 's )NP nine stores )NP (PP in (NP the Bay Area )NP )PP )NP )PP )NP (VP were (ADJP closed )ADJP (NP yesterday )NP )VP )S , (S (NP damage )NP (VP appears (ADJP primarily *UNK )ADJP )VP )S , )PRN (VP hopes (S (VP to (VP (VP reopen (NP (NP four )NP (PP of (NP the stores )NP )PP )NP (PP by (NP today )NP )PP )VP and (VP (NP the fifth )NP (PP by (NP Saturday )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC *UNKC CORP. )NP , (NP *UNKC )NP , (NP (NP provider )NP (PP of (NP computer programming and software services )NP )PP )NP , (NP (NP annual sales )NP (NP (QP $ *UNKN million )QP )NP )NP , )NP (PRN (S (S (NP (NP four )NP (PP of (NP 12 offices and buildings )NP )PP (PP in (NP the *UNKC and San Mateo areas )NP )PP )NP (VP were (ADJP closed )ADJP )VP )S , (S (NP (NP 95 % )NP (PP of (NP computer and telephone systems )NP )PP )NP (VP are (VP operating )VP )VP )S , )S )PRN (VP expects (S (VP to (VP be (ADVP back (PP to (NP full operation )NP )PP )ADVP (PP by (NP (NP the end )NP (PP of (NP the week )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC *UNKC & *UNKC CO. )NP , (NP San Francisco )NP , (NP electric , gas and water supplier )NP , (NP (NP annual sales )NP (NP (QP $ 7.6 billion )QP )NP )NP , (NP (NP some minor damage )NP (PP to (NP headquarters )NP )PP )NP , (NP (NP *UNKED damage )NP (PP to (NP four nearby *UNK )NP )PP )NP , (NP (NP severe structural damage )NP (PP to (NP (NP a major power plant )NP (PP at (NP *UNKC *UNKING )NP )PP )NP )PP )NP , (NP (NP extensive damage )NP (PP to (NP (NP gas lines )NP and (NP electric lines )NP )NP )PP )NP , (NP (NP (NP 400,000 *UNK )NP (PP without (NP electricity )NP )PP )NP and (NP (NP *UNKN )NP (PP without (NP gas )NP )PP )NP )NP , )NP (VP can not (VP *UNK (NP electricity )NP (SBAR until (S (NP it )NP (VP is (ADJP certain (SBAR (S (NP there )NP (VP are (NP no gas *UNK )NP )VP )S )SBAR )ADJP , )VP )S )SBAR (FRAG (NP no predictions )NP (PP on (SBAR (WHADVP when )WHADVP (S (NP this )NP (VP will (VP happen )VP )VP )S )SBAR )PP )FRAG )VP )VP . )S  STOP
(NP (NP (NP *UNKC *UNKC *UNKC )NP , (NP San Francisco )NP , (NP telecommunications holding company )NP , (NP (NP annual sales )NP (PP of (NP (QP $ 9.5 billion )QP )NP )PP )NP , (NP (NP (NP no damage )NP (PP to (NP headquarters )NP )PP )NP , but (NP no power )NP , )NP )NP (S (NP the power failure )NP (VP has (VP caused (NP (NP a delay )NP (PP in (NP (NP the release )NP (PP of (NP (NP the company 's )NP earnings report )NP )PP )NP )PP )NP )VP )VP )S , (S (NP major concern )NP (VP is (NP (NP subsidiaries )NP , (NP (NP Pacific Bell )NP and (NP Pacific Telesis Cellular )NP )NP , (SBAR (WHNP (WHNP both )WHNP (WHPP of (WHNP which )WHNP )WHPP )WHNP (S (VP sustained (NP (NP damage )NP (PP to (NP buildings )NP )PP )NP )VP )S )SBAR )NP )VP )S , (NP (NP structural damage )NP (PP to (NP (NP several cellular sites )NP (PP in (NP Santa Cruz )NP )PP )NP )PP )NP , (S (NP (NP volume )NP (PP of (NP (NP calls )NP (PP on (NP cellular phones )NP )PP )NP )PP )NP (NP (QP 10 times )QP the usual )NP , (S (VP causing (NP a big slowdown )NP )VP )S )S . )NP  STOP
(NP (NP *UNKC & *UNKC CO. )NP , (S (NP (NP (NP *UNKED company 's )NP *UNKC *UNKC plant )NP (PP in (NP South San Francisco )NP )PP )NP (VP was (ADJP closed )ADJP (PP following (NP the earthquake )NP )PP )VP )S , (NP (NP no injuries )NP or (NP major damage )NP )NP , (S (NP (NP other plants )NP (PP around (NP country )NP )PP )NP (VP can (VP make (PRT up )PRT (PP for (NP any lost production )NP )PP )VP )VP )S . )NP  STOP
(NP (NP (NP *UNKC CORP. )NP , (NP *UNKC )NP , )NP (VP *UNK (NP rigid *UNK drives )NP (PP for (NP (NP small business computers )NP , (NP word *UNK )NP , )NP )PP )VP (NP (NP annual sales )NP (NP (QP $ *UNKN million )QP )NP )NP , (NP OTC )NP , (ADJP open (PP for (NP business )NP )PP )ADJP , (NP minor structural damage )NP . )NP  STOP
(UCP (NP (NP *UNKC CORP. )NP , (NP Menlo Park )NP , (NP plastics manufacturer )NP , (NP (NP annual sales )NP (NP (QP $ 1 billion )QP )NP )NP , (NP no major damage )NP )NP and (S (NP no production slowdown )NP (VP is (VP anticipated )VP )VP )S . )UCP  STOP
(NP (NP *UNKC *UNKC INC. )NP , (NP Newark )NP , (NP discount apparel chain )NP , (NP (NP annual sales )NP (NP (QP $ *UNKN million )QP )NP )NP , (NP (NP (NP (QP two of 28 )QP stores )NP (PP in (NP Bay Area )NP )PP (ADJP closed )ADJP )NP , (S (NP both )NP (VP could (VP open (ADVP (ADVP as early )ADVP (PP as (NP today )NP )PP )ADVP )VP )VP )S )NP . )NP  STOP
(NP (NP (NP *UNKC *UNKC INC. )NP , (NP Oakland )NP , (NP retail food chain )NP , (NP (NP annual sales )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP , (NP (NP (NP some structural damage )NP (PP to (NP headquarters )NP )PP )NP and (NP no power )NP )NP )NP ; (NP (NP major problems )NP (S (VP *UNKING (NP products )NP (PP to (NP (NP those stores )NP (SBAR (WHNP that )WHNP (S (VP remained (ADJP open )ADJP )VP )S )SBAR )NP )PP )VP )S )NP ; (NP (NP no numbers )NP (PP on (SBAR (WHNP (WHADJP how many )WHADJP stores )WHNP (S (VP closed )VP )S )SBAR )PP )NP . )NP  STOP
(S (NP (NP *UNKC *UNKC & CO. )NP , (NP San Francisco )NP , (NP discount brokerage firm )NP , (NP (NP annual sales )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP , )NP (VP (VP had (NP (NP (ADJP only minor )ADJP damage )NP (PP to (NP headquarters building )NP )PP )NP )VP and (VP was (ADJP up and running )ADJP (PP for (NP (NP yesterday 's )NP market open )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP will not , (ADVP however )ADVP , (VP resume (NP *UNK- service )NP (SBAR until (S (NP (NP power )NP (PP in (NP city )NP )PP )NP (VP is (VP restored )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Office )NP (VP closed (NP yesterday )NP (PP at (NP *UNKN p.m. EDT )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP *UNKC Valley )NP , (NP (NP maker )NP (PP of (NP (NP hard disk drives )NP (PP for (NP computers )NP )PP )NP )PP )NP , (NP (NP annual sales )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP , (NP OTC )NP , )NP (VP closed (S (VP to (VP assess (SBAR (WHNP what )WHNP (S (VP appeared (S (VP to (VP be (NP (NP minor damage )NP (PP to (NP (NP some )NP (PP of (NP its 20 buildings )NP )PP )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC *UNKC *UNKC CO. )NP , (NP San Francisco )NP , (NP railroad )NP , (NP (NP annual sales )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP , )NP (VP (VP had (NP (NP (ADJP only minor )ADJP damage )NP (PP to (NP headquarters and tracks )NP )PP )NP )VP , and (VP expects (S (VP to (VP be (ADJP fully operational )ADJP (NP tomorrow )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP St. Louis *UNKC *UNKC Co. unit )NP (VP (VP halted (NP all service )NP (NP Tuesday night )NP )VP but (VP has (ADVP since )ADVP (VP restored (NP (NP (NP some freight lines )NP and (NP limited *UNK service )NP )NP (PP between (NP (NP San Francisco )NP and (NP San Jose )NP )NP )PP )NP )VP )VP )VP . )S  STOP
(NP (NP *UNKC *UNKC INC. )NP , (NP Mountain View )NP , (NP (NP maker )NP (PP of (NP desktop computers )NP )PP )NP , (NP (NP annual sales )NP (NP (QP $ *UNKN billion )QP )NP )NP , (NP OTC )NP , (NP (NP no injured employees )NP and (NP (NP (ADJP very little )ADJP damage )NP (PP to (NP buildings )NP )PP )NP )NP . )NP  STOP
(FRAG (ADJP *UNKED )ADJP (NP yesterday )NP (PP due to (NP power difficulties )NP )PP . )FRAG  STOP
(S (NP (NP *UNKC *UNKC INC. )NP , (NP Cupertino )NP , (NP computer maker )NP , (NP (NP annual sales )NP (PP of (NP (QP $ 1.6 billion )QP )NP )PP )NP , (NP NYSE )NP , )NP (VP said (SBAR (S (NP it )NP (VP (VP had (NP no significant damage )NP )VP and (VP should (VP be (ADJP fully operational )ADJP (PP within (NP a week )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Many employees )NP (VP stayed (ADVP home )ADVP (NP yesterday )NP )VP )S , but (S (NP customer service )NP (VP was (VP being (VP maintained )VP )VP )VP )S . )S  STOP
(S (NP (NP *UNKC CORP. )NP , (NP San Francisco )NP , (NP financial services and insurance company )NP , (NP (NP annual sales )NP (PP of (NP (QP $ 7.9 billion )QP )NP )PP )NP , (NP NYSE )NP , )NP (VP said (SBAR (S (NP (NP its headquarters )NP , (NP the well-known downtown *UNKED building )NP , )NP (VP was (ADJP intact but closed )ADJP (NP yesterday )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP *UNKC *UNKC INC. )NP , (NP Palo Alto )NP , (NP *UNK and semiconductor equipment company )NP , (NP (NP annual sales )NP (PP of (NP (QP $ 1.3 billion )QP )NP )PP )NP , )NP (VP had (NP (ADJP only minor )ADJP damage )NP )VP )S and (S (NP no *UNK )NP (VP were (VP anticipated )VP )VP )S . )S  STOP
(S (NP (NP *UNKC *UNKC INC. )NP , (NP San Jose )NP , (NP (NP maker )NP (PP of (NP semiconductor products )NP )PP )NP , (NP (NP annual sales )NP (NP (QP $ *UNKN million )QP )NP )NP , (NP OTC )NP , (NP (NP minimal damage )NP (PP to (NP facilities )NP )PP )NP , (NP no injuries )NP , )NP (VP expected (S (NP operations )NP (VP to (VP return (PP to (NP normal )NP )PP (ADVP late yesterday )ADVP )VP )VP )S )VP . )S  STOP
(NP (NP *UNKC CO. )NP , (NP *UNKED electronics manufacturer )NP , (NP (NP annual sales )NP (NP (QP $ *UNKN million )QP )NP )NP , (NP NYSE )NP , (NP (NP minor damage )NP (PP to (NP (NP headquarters and plant )NP (PP in (NP Palo Alto )NP )PP )NP )PP )NP , (NP (NP no damage )NP (PP to (NP San Jose plant )NP )PP )NP , (VP `` (ADVP still )ADVP assessing '' (NP (NP damage )NP (PP at (NP (NP *UNKC Valley plant )NP , (SBAR (WHADVP where )WHADVP (S (NP main product )NP (VP is (NP (NP *UNK )NP (PP for (NP semiconductor production )NP )PP )NP )VP )S )SBAR )NP )PP )NP )VP . )NP  STOP
(NP (NP *UNKC *UNKC & CO. )NP , (NP San Francisco )NP , (NP bank holding company )NP , (NP (NP annual revenue )NP (NP (QP $ 4.9 billion )QP )NP )NP , (NP NYSE )NP , (NP (NP minor damage )NP (PP at (NP headquarters )NP )PP )NP , (S (NP (NP 12 branches )NP (PP out (PP of (NP (NP 170 )NP (PP in (NP Northern California )NP )PP )NP )PP )PP )NP (VP sustained (NP (NP structural damage )NP (SBAR (WHNP that )WHNP (S (VP will (VP *UNK (NP them )NP (PP from (S (VP opening (PP in (NP the near future )NP )PP )VP )S )PP )VP )VP )S )SBAR )NP )VP )S , (NP (NP 45 locations )NP (PP with (NP (NP (QP at least one )QP automatic *UNK machine )NP (ADJP *UNK )ADJP )NP )PP )NP , (S (NP central computer systems )NP (VP are (VP operating )VP )VP )S , (NP no injuries )NP . )NP  STOP
(S (NP (NP *UNKC *UNKC INC. )NP , (NP San Jose )NP , (NP (NP maker )NP (PP of (NP (NP video display terminals and workstations )NP and (NP *UNKC compatible computers )NP )NP )PP )NP , (NP (NP annual sales )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP , (NP (NP slight structural damage )NP (PP at (NP headquarters )NP )PP )NP , (NP no injuries )NP , )NP (VP expects (S (VP to (VP be (ADVP back (PP to (NP full operation )NP )PP )ADVP (NP today )NP )VP )VP )S )VP . )S  STOP
(NP (NP *UNK CORP. )NP , (NP Santa Clara )NP , (NP (NP maker )NP (PP of (NP computer communications systems )NP )PP )NP , (NP (NP annual sales )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP , (NP OTC )NP , (NP (NP slight structural damage )NP (PP to (NP headquarters )NP )PP )NP , (NP (NP communications systems )NP (ADJP already fully operational )ADJP )NP . )NP  STOP
(SQ *UNKC (NP (NP the collapse )NP (PP of (NP *UNKC )NP )PP )NP (VP have (VP been (VP prevented )VP )VP )VP ? )SQ  STOP
(S (NP That )NP (VP was (NP (NP the question )NP (SBAR (S (NP (NP structural engineers )NP and (NP California transportation officials )NP )NP (VP were (VP asking (NP themselves )NP (NP yesterday )NP (SBAR as (S (NP rescue workers )NP (VP began (NP (NP the *UNK task )NP (PP of (S (VP trying (S (VP to (VP *UNK (NP (QP as many as 250 )QP victims )NP (PP from (PP beneath (NP (NP the concrete *UNK )NP (PP of (NP (NP the *UNK- *UNKC Freeway )NP (PP in (NP Oakland )NP )PP (SBAR (WHNP that )WHNP (S (VP *UNKED (PRT in )PRT (PP during (NP (NP Tuesday 's )NP temblor )NP )PP )VP )S )SBAR )NP )PP )NP )PP )PP )VP )VP )S )VP )S )PP )NP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (PP After (S (VP *UNKING (NP the area )NP )VP )S )PP , (NP California Gov. George Deukmejian )NP (NP late yesterday )NP (VP called (PP for (NP (NP an inquiry )NP (PP into (NP (NP the freeway 's )NP collapse )NP )PP )NP )PP , (S (VP *UNKING (NP the disaster )NP (PP on (NP *UNK construction )NP )PP )VP )S )VP )S , (NP the Associated Press )NP (VP reported )VP . )S  STOP
(S (NP (NP The impact )NP (PP of (NP (NP the destruction )NP (PP of (NP (NP this *UNK- stretch )NP (PP of (NP highway )NP )PP )NP )PP )NP )PP )NP (VP was (VP (ADVP *UNKLY )ADVP measured (PP in (NP lost lives )NP )PP )VP )VP . )S  STOP
(S But (NP there )NP (VP are (NP (NP other long-term effects )NP (SBAR (WHNP that )WHNP (S (VP raise (NP (NP serious questions )NP (PP about (NP (NP the ability )NP (PP of (NP (NP California 's )NP infrastructure )NP )PP (S (VP to (VP withstand (NP a major temblor )NP )VP )VP )S )NP )PP )NP )VP )S )SBAR )NP )VP . )S  STOP
(SINV (S (S (NP (NP It )NP )NP (VP could (ADVP easily )ADVP (VP be (NP two years )NP (SBAR before (S (NP (NP the *UNKED artery )NP (SBAR (WHNP that )WHNP (S (VP helps (VP *UNK (NP Oakland )NP (PP with (NP San Francisco )NP )PP )VP )VP )S )SBAR )NP (VP is (VP reopened )VP )VP )S )SBAR )VP )VP )S , and (S (NP the cost (S (VP to (VP build (NP (NP a new stretch )NP (PP of (NP highway )NP )PP )NP )VP )VP )S )NP (VP could (VP soar (PP to (NP (QP more than $ 250 million )QP )NP )PP )VP )VP )S )S , (VP said )VP (NP (NP Charles J. *UNKC )NP , (NP (NP deputy district director )NP (PP in (NP Los Angeles )NP )PP (PP of (NP (NP (NP the California Department )NP (PP of (NP Transportation )NP )PP )NP , (VP *UNKED (S (NP *UNKC )NP )S )VP )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP *UNKC )NP (PP in (NP Sacramento )NP )PP )NP (VP said (SBAR (S (NP (NP total damage )NP (PP from (NP the collapsed highway )NP )PP )NP (VP is (VP estimated (PP at (NP (QP around $ 500 million )QP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The aftershocks )NP (PP of (NP the highway tragedy )NP )PP )NP (VP are (VP *UNKING (PP in (NP Los Angeles )NP )PP (ADVP as well )ADVP , (SBAR as (S (NP local politicians )NP (VP spoke (NP yesterday )NP (PP against (NP plans (S (VP to (VP bring (NP *UNKING )NP (PP to (NP Los Angeles *UNK )NP )PP (PP by (NP 1994 )NP )PP )VP )VP )S )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP plans (S (VP to (VP add (NP (NP a second deck )NP (PP for (NP (NP buses )NP and (NP car pools )NP )NP )PP )NP (PP above (NP (NP the *UNK )NP (PP of (NP (NP a *UNK- stretch )NP (PP of (NP the *UNKC Freeway )NP )PP (ADVP just south (PP of (NP Los Angeles )NP )PP )ADVP , (PP near (NP the *UNKC *UNKC )NP )PP )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Los Angeles County *UNKC Kenneth Hahn )NP (NP yesterday )NP (VP vowed (S (VP to (VP fight (NP (NP the introduction )NP (PP of (NP *UNKING )NP )PP (PP in (NP the area )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (S (NP *UNKC )NP (VP abandoned (NP *UNKING )NP (PP in (NP the early 1970s )NP )PP , (PP following (NP (NP the 1971 *UNKC earthquake )NP (SBAR (WHNP that )WHNP (S (VP destroyed (NP (NP freeway sections )NP (ADVP just north (PP of (NP Los Angeles )NP )PP )ADVP )NP )VP )S )SBAR )NP )PP )VP )S , (NP Mr. *UNKC )NP (VP explained )VP . )S  STOP
(S (S (NP That temblor )NP (VP measured (NP *UNKN )NP (PP on (NP the Richter scale )NP )PP )VP )S ; (S (NP Tuesday 's )NP (X was )X )S )S  STOP
(SBARQ So (WHADVP why )WHADVP (SQ (VP (ADVP even )ADVP consider (S (VP *UNKING (NP *UNK )NP )VP )S (ADVP now )ADVP )VP )SQ ? )SBARQ  STOP
(S `` (S (S (NP We )NP (VP 've (VP run (PRT out )PRT (PP of (NP (NP places )NP (SBAR (S (VP to (VP build (NP freeways )NP )VP )VP )S )SBAR (PP in (NP *UNKC )NP )PP )NP )PP )VP )VP )S , and (S (NP (NP the only place )NP (SBAR (S (VP to (VP go )VP )VP )S )SBAR )NP (VP is (ADVP up )ADVP )VP )S )S , '' (NP Mr. *UNKC )NP (VP said , (SBAR although (S (NP he )NP (VP acknowledges (SBAR (S (NP there )NP (VP are (NP (NP many obstacles )NP , (PP including (NP cost )NP )PP )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S But (PP as (PP for (NP safety )NP )PP )PP , (NP he )NP (VP says (SBAR (S (NP (NP *UNK- freeways )NP (VP built (NP today )NP (PP with (NP (NP (NP the (ADJP heavily *UNKED )ADJP concrete )NP and (NP *UNK columns )NP )NP (VP required (PP after (NP the *UNKC quake )NP )PP )VP )NP )PP )VP )NP (VP should (VP withstand (NP (NP a *UNK temblor )NP (PP of (NP (NP 7.5 to 8 )NP (PP on (NP the Richter scale )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP for (NP (NP the collapse )NP (PP of (NP the *UNKC Freeway )NP )PP )NP )PP )NP (VP were (ADJP *UNK )ADJP (NP yesterday )NP )VP . )S  STOP
(S But (NP most structural engineers )NP (VP attributed (NP the destruction )NP (PP to (NP (NP (NP improper *UNK )NP (PP of (NP (NP the columns )NP (SBAR (WHNP that )WHNP (S (VP supported (NP the *UNK )NP )VP )S )SBAR )NP )PP )NP , and (NP the fact (SBAR that (S (NP (NP the ground )NP (PP beneath (NP the highway )NP )PP )NP (VP (VP is (ADVP largely )ADVP (NP *UNK )NP )VP and (VP can (VP (VP become (ADJP *UNK )ADJP )VP , or `` (VP *UNK )VP , '' (PP in (NP a major quake )NP )PP )VP )VP )VP )S )SBAR )NP )NP )PP )VP . )S  STOP
(S (NP (NP The *UNK- roadway )NP , (VP (VP designed (PP in (NP the *UNK- )NP )PP )VP and (VP completed (PP in (NP *UNKN )NP )PP )VP )VP , )NP (VP was (VP supported (PP by (NP (NP columns )NP (SBAR (WHNP that )WHNP (S (ADVP apparently )ADVP (VP lacked (NP (NP the kind )NP (PP of (NP steel *UNK )NP )PP (VP used (PP in (NP highways )NP )PP (NP today )NP )VP )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(SINV (S (SBAR While (S (NP the *UNK )NP (VP did (VP have (NP (NP long metal bars )NP (VP running (ADVP *UNKLY )ADVP (PP through (NP them )NP )PP )VP )NP (PP for (NP reinforcement )NP )PP )VP )VP )S )SBAR , (NP they )NP (ADVP apparently )ADVP (VP lacked (NP (NP an adequate number )NP (PP of (NP (NP metal `` ties '' )NP (SBAR (WHNP that )WHNP (S (VP run (ADVP *UNKLY )ADVP (PP through (NP the column )NP )PP )VP )S )SBAR )NP )PP )NP )VP )S , (VP said )VP (NP (NP *UNKC Parker )NP , (NP (NP a structural engineer )NP (PP in (NP Los Angeles )NP )PP )NP )NP . )SINV  STOP
(S (NP Caltrans )NP (NP today )NP (VP uses (NP (NP a *UNK )NP (PP of (NP (NP the design )NP (SBAR (S (NP Mr. Parker )NP (VP describes )VP )S )SBAR )NP )PP , (PP with (NP (NP *UNKING steel *UNK )NP (ADVP inside )ADVP )NP )PP )NP )VP . )S  STOP
(S But (PP in (NP (NP the case )NP (PP of (NP the Nimitz Freeway )NP )PP )NP )PP , (NP (NP the lack )NP (PP of (NP such support )NP )PP )NP (VP caused (S (NP (NP the core )NP (PP of (NP the columns )NP )PP )NP (VP to (VP *UNK and *UNK (PP under (NP (NP the weight )NP (PP of (NP the second deck )NP )PP )NP )PP , (S (VP *UNKING (NP (NP *UNK )NP (SBAR (WHNP who )WHNP (S (VP were (VP lined (PRT up )PRT (PP in (NP *UNK- *UNK- traffic )NP )PP (PP on (NP the lower deck )NP )PP (ADVP (NP (QP nearly 15 )QP feet )NP below )ADVP )VP )VP )S )SBAR )NP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP (NP Officials )NP (PP of (NP the state agency )NP )PP )NP (VP did n't (VP have (NP any immediate explanation (SBAR (WHADVP why )WHADVP (S (NP the reinforcement )NP (VP did n't (VP hold (PRT up )PRT )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP Caltrans )NP (VP *UNKED (NP the highway )NP (PP in (NP 1977 )NP )PP (PP as (NP (NP part )NP (PP of (NP a (ADJP (QP $ 55 million )QP )ADJP *UNK project )NP )PP )NP )PP , (S (VP using (NP steel *UNK )NP (S (VP to (VP (VP tie (NP (NP the *UNK )NP (PP of (NP the freeway )NP )PP )NP (PP to (NP the columns )NP )PP )VP and (VP prevent (NP the structure )NP (PP from (S (VP *UNKING (PP in (NP a quake )NP )PP )VP )S )PP )VP )VP )VP )S )VP )S )VP . )S  STOP
(S (NP Caltrans spokesman Jim *UNKC )NP (PP in (NP Sacramento )NP )PP (VP declined (S (VP to (VP identify (NP (NP the engineering firm )NP (SBAR (WHNP that )WHNP (S (VP did (NP the reinforcement work )NP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(SINV (S (NP (NP *UNKC )NP (PP in (NP the bridge and road *UNK )NP )PP )NP (VP will (VP *UNK (PP around (SBAR whether (S (NP government )NP (VP took (NP `` reasonable care '' (S (VP to (VP build and maintain (NP the structures )NP )VP )VP )S )NP )VP )S )SBAR )PP )VP )VP )S , (VP says )VP (NP (NP John *UNKC )NP , (NP (NP a (NAC *UNKC , Wash. , )NAC personal-injury attorney )NP (SBAR (WHNP who )WHNP (S (VP specializes (PP in (NP highway design and maintenance cases )NP )PP )VP )S )SBAR )NP )NP . )SINV  STOP
(S (NP (NP The firm )NP (VP brought (PRT in )PRT (S (VP to (VP strengthen (NP the structure )NP )VP )VP )S )VP )NP (VP could (VP be (ADJP liable )ADJP (ADVP as well )ADVP )VP )VP . )S  STOP
(S (S (NP (NP The results )NP (PP of (NP the quake )NP )PP )NP (ADVP certainly )ADVP (VP raise (NP (NP questions )NP (PP about (SBAR whether (S (NP reasonable care )NP (VP was (VP taken )VP )VP )S )SBAR )PP )NP )VP )S , (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S (PP Given (NP (NP the *UNK history )NP (PP of (NP the Bay Area )NP )PP )NP )PP , `` (NP it )NP (VP seems (PP to (NP me )NP )PP (SBAR that (S (NP a 6.9 earthquake )NP (VP is (NP a *UNK event )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP Caltrans ' )NP Mr. *UNKC )NP (VP defended (NP (NP (NP the agency 's )NP work )NP (PP on (NP the Nimitz Freeway )NP )PP )NP )VP . )S  STOP
(S `` (S (NP The work )NP (VP was (VP done (ADVP properly )ADVP )VP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S `` (ADVP *UNKLY )ADVP , (S (NP we )NP (VP had (NP (NP a severe earthquake )NP (PP of (NP significant *UNK )NP )PP )NP )VP )S and (S (NP it )NP (VP was (ADVP just )ADVP (NP (NP something )NP (SBAR (S (NP the structure )NP (VP could n't (VP withstand )VP )VP )S )SBAR )NP )VP )S . '' )S  STOP
(S (ADVP Ironically )ADVP , (NP Caltrans )NP (NP this year )NP (VP began (S (VP working (PP on (NP (NP a second round )NP (PP of (NP (NP *UNK *UNK )NP (PP of (NP (NP freeways )NP (PP around (NP the state )NP )PP )NP )PP )NP )PP )NP )PP )VP )S , (S (NP this time )NP (VP *UNKING (NP freeway columns )NP (PP in `` (NP steel *UNK )NP '' )PP (S (VP to (VP reinforce (NP them )NP )VP )VP )S )VP )S )VP . )S  STOP
(S (S But (S (NP (NP only bridges )NP (VP supported (PP with (NP (NP single *UNK )NP (PP of (NP columns )NP )PP )NP )PP )VP )NP (VP were (NP top priority )NP )VP )S , and (S (NP (NP the Nimitz Freeway )NP , (VP supported (PP by (NP double *UNK )NP )PP )VP , )NP (VP was (VP left (PRT out )PRT )VP )VP )S )S , (NP Mr. *UNKC )NP (VP explained )VP . )S  STOP
(S `` (S (NP The reason )NP (VP is (SBAR that (S (NP the technology )NP (VP is (ADJP (ADJP such )ADJP (SBAR that (S (NP we )NP (VP 're not (ADJP able (S (VP to (VP *UNK (NP *UNK- structures )NP )VP )VP )S )ADJP )VP )S )SBAR )ADJP )VP )S )SBAR )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP (NP (NP Charles *UNKC )NP (PP in (NP San Francisco )NP )PP )NP and (NP (NP John R. *UNKC )NP (PP in (NP Los Angeles )NP )PP )NP )NP (VP contributed (PP to (NP this article )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC Corp. 's )NP board )NP (VP (ADVP unanimously )ADVP rejected (NP (NP a tender offer )NP (PP of (NP (NP (NP $ 8 )NP (NP a share )NP )NP , or (NP (QP $ *UNKN million )QP )NP , )NP )PP (PP for (NP (NP (QP as much as 90 )QP % )NP (PP of (NP *UNKC )NP )PP )NP )PP (PP by (NP (NP a group )NP (PP with (NP (NP a (ADJP 9.9 % )ADJP stake )NP (PP in (NP the toy retailer )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC )NP (ADVP also )ADVP (VP urged (NP (NP holders )NP (PP of (NP its stock and debt )NP )PP )NP (S not (VP to (VP tender (NP their securities )NP )VP )VP )S , (S (VP saying (SBAR (S (NP it )NP (VP wants (S (VP to (VP remain (ADJP independent )ADJP (S (VP to (VP pursue (NP its business strategy )NP )VP )VP )S )VP )VP )S )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (ADVP also )ADVP (VP said (SBAR (S (NP (NP the offer )NP (PP by (NP Robert I. *UNKC Limited Partnership )NP )PP )NP (VP is (ADJP (ADJP inadequate )ADJP , and (ADJP full (PP of (NP (NP conditions )NP (SBAR (WHNP that )WHNP (S (VP leave (S (NP it )NP `` (ADJP subject (PP to (NP substantial uncertainty )NP )PP )ADJP )S )VP )S )SBAR )NP )PP )ADJP )ADJP )VP )S )SBAR )VP . '' )S  STOP
(S (PP In (NP addition )NP )PP , (NP *UNKC )NP (VP began (NP (NP a lawsuit )NP )NP (PP in (NP (NP federal District Court )NP (PP in (NP New York )NP )PP )NP )PP (VP seeking (S (VP to (VP *UNK (NP the offer )NP )VP )VP )S )VP , (S (VP alleging , (PP among (NP other things )NP )PP , (NP (NP (NP violations )NP (PP of (NP federal securities law )NP )PP )NP and (NP (NP fraudulent manipulation )NP (PP of (NP (NP the market )NP (PP for (NP (NP Lionel 's )NP securities )NP )PP )NP )PP )NP )NP )VP )S )VP . )S  STOP
(S (NP (NP Robert I. *UNKC )NP , (NP (NP general partner )NP (PP of (NP the investment group )NP )PP )NP , )NP (VP said (SBAR (S (NP the Lionel response )NP (VP reflected (NP (NP management 's )NP *UNKED position )NP )VP )S )SBAR , (S (VP saying (SBAR (S (NP officials )NP (VP had (VP failed (S (VP to (VP come (PRT up )PRT (PP with (NP (NP a better alternative )NP (PP to (NP (NP his group 's )NP offer )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP he )NP (VP would (VP respond (PP to (NP (NP Lionel 's )NP suit )NP )PP (SBAR after (S (NP his lawyers )NP (VP review (NP it )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP by (NP a federal mediator )NP )PP (S (VP to (VP *UNK (NP (NP talks )NP (PP between (NP (NP Boeing Co. )NP and (NP the Machinists union )NP )NP )PP )NP )VP )VP )S )NP (ADVP apparently )ADVP (VP failed )VP )S , and (S (NP no further meetings )NP (VP are (VP scheduled )VP )VP )S . )S  STOP
(S (S (NP (NP Company officials )NP and (NP union representatives )NP )NP (VP did n't (VP meet (NP face to face )NP )VP )VP )S , but (S (NP the mediator )NP (VP *UNKED (PP between (NP the two groups )NP )PP )VP )S . )S  STOP
(S (PP In (NP (NP a statement )NP (VP issued (PP after (NP the meeting )NP )PP )VP )NP )PP , (NP the aerospace giant )NP (VP said (SBAR (S (NP it )NP (VP wo n't (VP increase (NP its offer )NP (SBAR although (S (NP (NP adjustments )NP (PP within (NP the proposed *UNK- mix )NP )PP )NP (VP are (ADJP possible )ADJP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Machinists )NP (ADVP already )ADVP (VP have (VP rejected (NP (NP a proposal )NP (SBAR (WHNP that )WHNP (S (VP called (PP for (NP (NP a (NX (NX (ADJP 4 % )ADJP pay increase )NX and (NP (ADJP 8 % )ADJP bonus )NP )NX )NP (PP in (NP the first year )NP )PP )NP )PP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (PP In (NP the second year )NP )PP , (NP workers )NP (VP would (VP receive (NP (NP (NP a (ADJP 3 % )ADJP wage boost )NP and (NP a (ADJP 3 % )ADJP bonus )NP )NP , (PP followed (PP by (NP (NP a (ADJP 3 % )ADJP increase )NP (PP without (NP a bonus )NP )PP (PP in (NP the third year )NP )PP )NP )PP )PP )NP )VP )VP . )S  STOP
(SINV `` (S (NP The company )NP (VP will not (VP *UNK (PP on (NP anything )NP )PP )VP )VP )S , '' (VP said )VP (NP (NP a spokesman )NP (PP for (NP the union )NP )PP )NP . )SINV  STOP
(S (S (S (SBAR As (S (NP the strike )NP (VP *UNK (NP its *UNK day )NP (NP today )NP )VP )S )SBAR , (NP some members )NP (VP are (VP getting (ADJP nervous )ADJP )VP )VP )S , (NP the spokesman )NP (VP conceded )VP , )S but (S (NP (NP the majority )NP (PP of (NP the *UNKN Machinists )NP )PP )NP (VP are (VP prepared (S (VP to `` (VP wait (NP it )NP (PRT out )PRT (ADVP (ADVP as long )ADVP (SBAR as (S (NP it )NP (VP takes )VP )S )SBAR )ADVP )VP )VP )S )VP )VP )S . )S  STOP
(S (NP United *UNKC & Manufacturers Inc. )NP (VP said (SBAR (S (NP (NP its president )NP , (NP *UNKC *UNKC )NP , )NP (VP withdrew (NP his proposal (S (VP to (VP acquire (NP (NP control )NP (PP of (NP the New York textile and clothing company )NP )PP )NP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Last month )NP , (NP Mr. *UNKC )NP (VP proposed , (PP among (NP other things )NP )PP , (S (VP to (VP buy (NP (NP (QP 3.5 million )QP shares )NP , or (NP 38 % )NP , )NP (PP for (NP (NP $ 4 )NP (NP apiece )NP )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP *UNKED (PP with (NP (NP his current (QP 1.2 million )QP shares )NP and (NP (NP 4 % )NP (VP held (PP by (NP an associate )NP )PP )VP )NP )NP )PP )PP , (NP the stake )NP (VP would (VP have (VP given (NP him )NP (NP (NP control )NP (PP of (NP (NP 55 % )NP (PP of (NP the concern )NP )PP )NP )PP )NP )VP )VP )VP . )S  STOP
(S (PP In (NP a Securities and Exchange Commission filing )NP )PP , (NP Mr. *UNKC )NP (VP had (VP said (SBAR that (S (NP (NP holders )NP (PP of (NP (NP the other 45 % )NP (PP of (NP United *UNKC )NP )PP )NP )PP )NP (VP would (VP receive (NP (NP *UNK- share )NP (PP of (NP a new preferred stock )NP )PP (PP for (NP (NP each )NP (PP of (NP their shares )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP A special committee )NP (PP of (NP United *UNKC directors )NP )PP )NP (VP said (SBAR that (S (PP in (NP (NP view )NP (PP of (NP (NP uncertainties )NP (PP regarding (NP various (ADJP legal and financial )ADJP considerations )NP )PP )NP )PP )NP )PP , (NP it )NP (VP could n't (VP recommend (NP the plan )NP (PP to (NP the full board )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The company )NP (VP is (VP exploring , (PP with (NP a major financial institution )NP )PP , (NP (NP the development )NP (PP of (NP a plan (S (VP to (VP boost (NP (NP the value )NP (PP of (NP the company )NP )PP (PP for (NP its holders )NP )PP )NP )VP )VP )S )NP )PP )NP )VP )VP )S , (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (PP In (NP a separate SEC filing )NP )PP , (NP (NP Albert *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP holds (NP (NP *UNKN % )NP (PP of (NP United *UNKC )NP )PP )NP )VP )S )SBAR , )NP (VP said (SBAR (S (NP he )NP (VP retained (NP investment bank Lazard *UNKC & Co. )NP (PP for (NP advice )NP )PP (SBAR as (S (NP he )NP (VP *UNK (NP (NP the possibility )NP (PP of (S (VP making (NP (NP a bid )NP (PP for (NP the textile maker )NP )PP )NP )VP )S )PP )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP On (NP Friday )NP )PP , (NP (NP Mr. *UNKC )NP , (NP a (NAC Newark , N.J. , )NAC textile businessman )NP , )NP (VP signed (NP (NP a *UNK agreement )NP (SBAR (WHPP under (WHNP which )WHNP )WHPP (S (NP United Merchants )NP (VP would (VP provide (NP him )NP (PP with (NP *UNK information )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The White House )NP (VP is (VP making (ADJP sure (SBAR (S (NP nobody )NP (VP will (VP accuse (NP it )NP (PP of (S (VP taking (NP this crisis )NP (ADVP *UNKLY )ADVP )VP )S )PP )VP )VP )S )SBAR )ADJP )VP )VP . )S  STOP
(S (PP In (NP (NP the aftermath )NP (PP of (NP the California earthquake )NP )PP )NP )PP , (NP (NP President Bush )NP and (NP his aides )NP )NP (VP flew (PP into (NP (NP a *UNK )NP (PP of (NP *UNKED activity )NP )PP )NP )PP (NP yesterday morning )NP )VP . )S  STOP
(S (S (NP (NP Some )NP (PP of (NP it )NP )PP )NP (VP was (ADJP necessary (S (VP to (VP get (S (NP federal help )NP (VP flowing (PP to (NP victims )NP )PP )VP )S )VP )VP )S )ADJP )VP )S , but (S (NP some )NP (VP seemed (VP designed (ADVP mostly )ADVP (S (VP to (VP project (NP (NP an image )NP (PP of (NP (NP a White House )NP (PP in (NP action )NP )PP )NP )PP )NP )VP )VP )S )VP )VP )S . )S  STOP
(S (S (NP (NP Mr. Bush )NP and (NP his aides )NP )NP (VP were (VP accused (PP of (S (VP responding (ADVP too slowly )ADVP (SBAR after (S (S (NP the Exxon *UNKC oil tanker )NP (VP split (ADVP open )ADVP (PP in (NP Alaskan waters )NP )PP )VP )S and (S (NP Hurricane Hugo )NP (VP struck (NP the Carolina coast )NP )VP )S )S )SBAR )VP )S )PP )VP )VP )S , and (S (NP they )NP (ADVP clearly )ADVP (VP do n't (VP want (NP (NP a repeat )NP (PP of (NP those charges )NP )PP )NP (ADVP now )ADVP )VP )VP )S . )S  STOP
(S So (NP the White House )NP (VP announced (SBAR that (S (NP Mr. Bush )NP (VP got (NP (NP his first earthquake *UNKING )NP (PP of (NP the day )NP )PP )NP (PP at (NP *UNKN a.m. )NP )PP (PP from (NP (NAC chief (PP of (NP staff )NP )PP )NAC John *UNKC )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP By (NP noon )NP )PP , (NP Mr. Bush )NP (VP had (VP (VP taken (NP (NP two phone calls )NP (PP from (NP (NP Vice President Dan Quayle )NP , (SBAR (WHNP who )WHNP (S (VP was (PP in (NP California )NP )PP )VP )S )SBAR )NP )PP )NP )VP ; (VP made (NP (NP a televised statement )NP (PP of (NP concern )NP )PP )NP )VP ; (VP signed (NP a disaster *UNK )NP )VP ; (VP received (NP a written report )NP (PP from (NP the Federal Emergency Management Agency )NP )PP )VP ; and (VP visited (NP FEMA headquarters )NP )VP )VP )VP . )S  STOP
(S (NP (NP Mr. Bush )NP (NP himself )NP )NP (ADVP essentially )ADVP (VP acknowledged (SBAR that (S (NP (NP he )NP and (NP his aides )NP )NP (VP were (VP trying (S (VP to (VP head (PRT off )PRT (NP criticism )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP On (NP his FEMA visit )NP )PP , (NP Mr. Bush )NP (VP said (SBAR that (S (NP he )NP (VP hoped (SBAR (S (NP there )NP (VP would (VP be (NP `` (NP less *UNKING )NP '' (PP about (NP (NP the emergency office 's )NP performance )NP )PP )NP (NP this time )NP )VP )VP )S )SBAR )VP )S )SBAR , (S (VP adding (SBAR that (S (NP the agency )NP (VP `` took (NP a hit )NP '' (PP for (NP (NP its reaction )NP (PP to (NP Hurricane Hugo )NP )PP )NP )PP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP The White House )NP (ADVP already )ADVP (VP is (VP talking (PP of (S (NP Mr. Bush )NP (VP *UNKING (NP the California earthquake site )NP (NP this weekend )NP )VP )S )PP )VP )VP . )S  STOP
(S (S (NP He )NP (VP visited (NP the Hugo devastation )NP )VP )S but (FRAG not (PP until (SBAR after (S (NP local leaders )NP (VP urged (NP him )NP (S (VP to (VP do (ADVP so )ADVP )VP )VP )S )VP )S )SBAR )PP )FRAG . )S  STOP
(S (NP (NP *UNKC PLC )NP , (NP a major British building materials and construction concern )NP , )NP (VP reported (NP (NP a (ADJP 24 % )ADJP jump )NP (PP in (NP pretax profit )NP )PP (PP for (NP its latest financial year )NP )PP )NP , (S (VP helped (PP (ADVP largely )ADVP by (NP (NP contributions )NP (PP from (NP (NP its U.S. unit )NP , (NP *UNKC Co )NP )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP Pretax profit )NP (PP for (NP (NP the year )NP (PP to (NP June 30 )NP )PP )NP )PP )NP (VP rose (PP to (NP (NP (QP # *UNKN million )QP )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP )PP (PP from (NP (NP (QP # *UNKN million )QP )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP )PP , (S (VP (ADVP broadly )ADVP matching (NP (NP analysts ' )NP expectations )NP )VP )S )VP . )S  STOP
(S (NP (NP Profit )NP (PP (PP after (NP (NP taxes )NP and (NP minority interests )NP )NP )PP but (PP before (NP extraordinary items )NP )PP )PP )NP (VP increased (NP 22 % )NP (PP to (NP (QP # *UNKN million )QP )NP )PP (PP from (NP (QP # *UNKN million )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP , (SBAR while (S (NP (NP (ADJP fully diluted )ADJP earnings )NP (PP per (NP share )NP )PP )NP (VP rose (PP to (NP (NP *UNKN pence )NP (PRN -LRB- (NP 47 cents )NP -RRB- )PRN )NP )PP (PP from (NP (NP *UNKN pence )NP (PRN -LRB- (NP 39 cents )NP -RRB- )PRN )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The *UNK *UNK )NP (SBAR (WHNP that )WHNP (S (VP *UNKED (NP the San Francisco Bay Area )NP )VP )S )SBAR -- (VP rated (S (NP (NP a 6.9 )NP (PP on (NP the Richter scale )NP )PP )NP )S )VP -- )NP (VP did n't (VP match (NP (NP the great earthquake )NP (PP of (NP 1906 )NP )PP , (VP rated (PP at (NP 8.25 )NP )PP )VP )NP )VP )VP . )S  STOP
(SINV (S (NP (NP The difference )NP (PP of (NP (NP (QP just 1.35 )QP points )NP (PP on (NP (NP the scale )NP , (VP designed (PP by (NP (NP Charles Richter )NP (PP of (NP *UNKC )NP )PP )NP )PP (PP in (NP the 1930s )NP )PP )VP , )NP )PP )NP )PP )NP (VP means (SBAR (S (NP the older quake )NP (VP was `` (ADJP (QP 10 to 20 times )QP stronger )ADJP )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP Lane Johnson )NP , (NP (NP director )NP (PP of (NP the (NAC University (PP of (NP California )NP )PP (NP Berkeley )NP )NAC *UNKC *UNKC )NP )PP )NP )NP . )SINV  STOP
(S (S (NP The ground )NP (VP *UNKED (PP along (NP (NP a *UNK- stretch )NP (PP of (NP the San *UNKC *UNKC )NP )PP )NP )PP (PP on (NP Tuesday )NP )PP )VP )S , (NP Mr. Johnson )NP (VP added )VP . )S  STOP
(S (PP In (NP 1906 )NP )PP , (NP the *UNK )NP (VP was (ADJP (ADJP (NP 300 miles )NP long )ADJP and (ADJP (NP a couple feet )NP wide )ADJP )ADJP )VP . )S  STOP
(S (SBAR Though (S (NP (NP the epicenter )NP (PP of (NP (NP Tuesday 's )NP temblor )NP )PP )NP (VP was (VP located (ADVP (ADVP (NP 10 miles )NP north (PP of (NP (NP the town )NP (PP of (NP Santa Cruz )NP )PP )NP )PP )ADVP , and (ADVP (NP 50 miles )NP south (PP of (NP San Francisco )NP )PP )ADVP )ADVP )VP )VP )S )SBAR , (NP its *UNK )NP (VP *UNKED (PP up (NP the coast )NP )PP (PP in (NP (ADJP seemingly random )ADJP fashion )NP )PP )VP . )S  STOP
(S But (NP the greatest damage )NP (VP was (VP visited (PP on (NP (NP buildings and *UNK )NP (VP *UNKED (PP upon (NP *UNK )NP )PP , (SBAR as (SINV (VP were )VP (NP (NP (NP (NP the Marina District )NP (PP of (NP San Francisco )NP )PP )NP and (NP the Bay Bridge )NP )NP -- (NP (NP two areas )NP (PP of (NP maximum devastation )NP )PP )NP )NP )SINV )SBAR )VP )NP )PP )VP )VP . )S  STOP
(SINV `` (S (S (NP (NP *UNKC )NP -- (NP (ADJP loose and unconsolidated )ADJP earth )NP -- )NP (VP may (VP feel (PP like (NP rock )NP )PP )VP )VP )S but (S (NP it )NP (VP *UNK (PP like (NP liquid )NP )PP (SBAR (WHADVP when )WHADVP (S (NP you )NP (VP shake (NP it )NP )VP )S )SBAR )VP )S )S , '' (VP said )VP (NP (NP Douglas *UNKC )NP , (NP (NP professor )NP (PP of (NP *UNK )NP )PP (PP at (NP San Francisco State University )NP )PP )NP )NP (PP in (NP a televised interview )NP )PP . )SINV  STOP
(S `` (NP It )NP (VP *UNK (PP in (NP a *UNK *UNK pattern )NP )PP )VP . )S  STOP
(S (NP Our quake )NP (VP *UNKED (PP much like (NP (NP the Mexico City earthquake )NP , (SBAR (WHADVP where )WHADVP (S (NP great damage )NP (VP was (PP (NP miles )NP from (NP the epicenter )NP )PP )VP )S )SBAR )NP )PP )VP . '' )S  STOP
(S (NP (NP Mr. Johnson )NP , (PP of (NP the Berkeley *UNK station )NP )PP , )NP (VP said : `` (S (NP *UNKC )NP (VP can (VP be (VP done (SBAR if (S (NP it )NP (VP 's (VP (ADVP properly )ADVP *UNKED )VP )VP )S )SBAR )VP )VP )VP )S )VP . )S  STOP
(S (NP You )NP (VP can (VP (VP drive (NP *UNK )NP (PP on (NP it )NP )PP )VP and (VP build (PP on (NP it )NP )PP )VP )VP )VP . '' )S  STOP
(S (NP He )NP (VP cited (NP (NP the example )NP (PP of (NP (NP (NP San Francisco 's )NP financial district )NP , (SBAR (WHADVP where )WHADVP (S (NP many new glass *UNK )NP (VP survived (S (ADJP almost *UNKED )ADJP )S )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (S But (NP (NP the public policy issues )NP (VP raised (PP by (NP earthquake damage )NP )PP )VP )NP (VP will (VP be (ADJP difficult (SBAR (S (VP to (VP address )VP )VP )S )SBAR )ADJP )VP )VP )S , (NP Mr. Johnson )NP (VP predicted )VP . )S  STOP
(S `` (S (NP (NP The attention *UNK )NP (PP of (NP the public )NP )PP )NP (VP is (ADJP short )ADJP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S `` (NP We )NP (VP 've (VP known (PP for (NP years and years )NP )PP (SBAR (S (NP we )NP (VP 've (VP got (NP (NP lots )NP (PP of (NP old (PRN -LCB- *UNK- -RCB- )PRN *UNKED brick and *UNK buildings )NP )PP )NP )VP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP (NP One old building )NP , (NP (NP the Golden State Bank Building )NP (PP on (NP *UNKC Street )NP )PP )NP , )NP (VP had (S (NP its yellow brick *UNK )NP (VP *UNKED (PRT off )PRT (PP by (NP (NP the shock )NP (PP of (NP the quake )NP )PP )NP )PP , (S (VP leaving (S (NP (NP a *UNK )NP (PP of (NP its third floor )NP )PP )NP (ADJP open (PP to (NP the air )NP )PP )ADJP )S , (SBAR while (S (NP (NP *UNK )NP (PP of (NP *UNK bricks )NP )PP )NP (VP tumbled (PP to (NP the street below )NP )PP (S (VP (ADVP narrowly )ADVP missing (NP *UNK- *UNK and cars )NP )VP )S )VP )S )SBAR )VP )S )VP )S )VP . )S  STOP
(S (S (VP *UNKING (NP such old building stock )NP )VP )S (PRN , (S (NP Mr. Johnson )NP (VP said )VP )S , )PRN `` (VP comes (ADVP down )ADVP (PP to (NP money )NP )PP )VP . )S  STOP
(S (NP It )NP (VP 's (NP a danger )NP )VP . )S  STOP
(S (NP We )NP (VP know (SBAR (S (NP it )NP (VP 's (ADVP there )ADVP )VP )S )SBAR )VP . )S  STOP
(S And (ADVP sooner or later )ADVP , (NP we )NP (VP have (S (VP to (VP do (NP something )NP (PP about (NP it )NP )PP )VP )VP )S )VP . '' )S  STOP
(S (NP The *UNK )NP (VP is (VP heightened (SBAR because (S (NP (NP this week 's )NP earthquake )NP -- (SBAR while (S (UCP (ADJP major )ADJP and (VP followed (PP by (NP (NP hundreds )NP (PP of (NP aftershocks )NP )PP )NP )PP )VP )UCP )S )SBAR -- (VP did n't (VP release (NP (NP enough *UNK- energy tension )NP (PP along (NP the *UNK )NP )PP (S (VP to (VP *UNK (NP (NP (ADJP more and bigger )ADJP *UNK )NP (ADVP soon )ADVP )NP )VP )VP )S )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S `` (S (NP The big one )NP (VP is (ADVP still )ADVP (ADJP due )ADJP )VP )S , '' (NP Mr. Johnson )NP (VP predicted (PP in (NP an interview )NP )PP )VP . )S  STOP
(S `` (NP The Bay Area )NP (VP has (NP (NP three (ADJP very dangerous )ADJP *UNK )NP , (NP (NP the San *UNKC )NP , (NP the *UNKC fault )NP and (NP the *UNKC fault )NP )NP )NP )VP . )S  STOP
(S (NP (NP It )NP (PRN -LCB- (NP (NP Tuesday 's )NP quake )NP -RCB- )PRN )NP (VP has n't (VP *UNKED (NP our problem )NP )VP )VP . )S  STOP
(S (PP In (NP California )NP )PP , (NP this )NP (VP is (NP the reality )NP )VP . )S  STOP
(S (NP Coca-Cola Co. )NP (VP may (VP be (VP about (S (VP to (VP intensify (NP the *UNK wars )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP Coke )NP (VP said (SBAR (S (NP it )NP (VP will (VP test market (NP (NP a *UNK- version )NP (PP of (NP (NP its flagship brand )NP , (NP Coca-Cola *UNKC )NP , )NP )PP )NP (PP beginning (NP next week )NP )PP (PP in (NP (NP Charlotte )NP , (NP *UNKC )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Other , (ADJP as yet *UNKED )ADJP , cities )NP (VP will (VP follow )VP )VP . )S  STOP
(S (S (SBAR If (S (NP all )NP (VP goes (ADVP well )ADVP )VP )S )SBAR , (NP the product )NP (VP will (VP be (VP rolled (PRT out )PRT (PP for (NP national sales )NP )PP (NP sometime next year )NP )VP )VP )VP )S , (NP a Coke spokesman )NP (VP said )VP . )S  STOP
(S (PP After (NP (NP the confusion )NP (VP surrounding (NP (NP the change )NP (PP of (NP the Coke formula )NP )PP )NP )VP (PP in (NP 1985 )NP )PP )NP )PP , (NP Coca-Cola )NP (VP was (ADJP reluctant (S (VP to (VP clutter (NP the *UNKC name )NP (PP with (NP a brand extension )NP )PP )VP )VP )S )ADJP )VP . )S  STOP
(S But (ADVP now )ADVP , (NP the soft-drink giant )NP (VP appears (ADJP willing (S (VP to (VP take (NP the risk )NP )VP )VP )S )ADJP )VP . )S  STOP
(SINV `` (S (S (NP The name Classic Coke )NP (VP has (NP tremendous value )NP )VP )S , and (S (NP they )NP (VP have n't (VP *UNKED (NP that name )NP (ADVP before )ADVP )VP )VP )S )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP publisher )NP (PP of (NP (NP the trade journal )NP (NP *UNKC Digest )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP The Coke spokesman )NP (VP said (SBAR (S (NP a *UNK- Classic )NP (VP should (VP help (S (VP increase (NP (NP volume )NP (PP of (NP the original brand )NP )PP )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Indeed )ADVP , (NP analysts )NP (VP have (VP said (SBAR that (S (NP (NP the absence )NP (PP of (NP new products )NP )PP )NP , (PP among (NP other factors )NP )PP , (VP has (VP limited (NP sales growth )NP (PP throughout (NP the industry )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Coke )NP (ADVP now )ADVP (VP (VP leads (NP *UNKC )NP (PP in (NP (NP market share )NP (PP in (NP *UNK- *UNK *UNK )NP )PP )NP )PP )VP but (VP *UNK (NP *UNKC )NP (PP in (NP (NP sales )NP (PP of (NP *UNK- *UNKED *UNK )NP )PP )NP )PP )VP , (PP according (PP to (NP *UNKC Digest )NP )PP )PP )VP . )S  STOP
(S (NP Coke )NP (VP introduced (NP (NP a *UNK- *UNKED *UNK )NP (PP based (PP on (NP its original formula )NP )PP )PP )NP (PP in (NP 1983 )NP )PP )VP . )S  STOP
(S (NP It )NP (VP switched (PP to (NP (NP a *UNK- formula )NP (VP using (NP its new Coke )NP )VP )NP )PP (PP in (NP 1985 )NP )PP )VP . )S  STOP
(S (S (NP Coke )NP (VP has (VP been (VP studying (NP (NP the possibility )NP (PP of (S (VP introducing (NP a caffeine-free Classic )NP )VP )S )PP )NP (PP for (NP a year )NP )PP )VP )VP )VP )S , (NP a company spokesman )NP (VP said )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP (NP large increases )NP (PP in (NP (NP sales )NP (PP of (NP other *UNK- soft drinks )NP )PP )NP )PP )NP (VP make (S (NP the timing )NP (ADJP right )ADJP (ADVP now )ADVP )S )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP *UNKC (PP with (NP (NP the aftermath )NP (PP of (NP a Bay area earthquake )NP )PP )NP )PP )VP . )S  STOP
(S (SBAR As (S (NP aftershocks )NP (VP shook (NP the San Francisco Bay area )NP )VP )S )SBAR , (S (NP *UNK )NP (VP *UNKED (PP through (NP rubble )NP )PP (PP for (NP (NP *UNK )NP (PP of (NP (NP Tuesday 's )NP temblor )NP )PP )NP )PP )VP )S , and (S (NP residents )NP (VP picked (NP their way )NP (PP through (NP *UNK- streets )NP )PP )VP )S . )S  STOP
(S (PP In (NP Oakland )NP )PP , (NP (NP hopes )NP )NP (VP *UNKED (PP for (S (VP finding (NP (ADJP any more )ADJP *UNK )NP (PP within (NP (NP the concrete and steel )NP (PP from (NP (NP the collapse )NP (PP of (NP an interstate highway )NP )PP )NP )PP )NP )PP )VP )S )PP )VP . )S  STOP
(S (S (NP (QP At least 270 )QP people )NP (VP were (VP reported (S (VP killed )VP )S )VP )VP )S and (S (NP *UNKN )NP (VP injured )VP )S (PP in (NP (NP the *UNK- *UNK )NP (SBAR (WHNP that )WHNP (S (VP caused (NP (NP billions )NP (PP of (NP (NP dollars )NP (PP of (NP damage )NP )PP )NP )PP )NP (PP along (NP (NP 100 miles )NP (PP of (NP the San *UNKC fault )NP )PP )NP )PP )VP )S )SBAR )NP )PP . )S  STOP
(S (S (NP Bush )NP (VP declared (S (NP the region )NP (NP a major disaster area )NP )S )VP )S and (S (NP the military )NP (VP was (VP *UNKED (S (VP to (VP prevent (NP *UNKING )NP )VP )VP )S )VP )VP )S . )S  STOP
(S (NP The baseball commissioner )NP (VP said (SBAR (S (NP (NP the third game )NP (PP of (NP the World Series )NP )PP (PP between (NP (NP the Giants )NP and (NP the *UNKC )NP )NP )PP )NP (VP would (VP be (VP played (NP Tuesday )NP (PP in (NP Candlestick Park )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP *UNKC (VP *UNKC (PP as (NP (NP leader )NP (PP of (NP East Germany )NP )PP )NP )PP (PP amid (NP growing unrest )NP )PP )VP )VP . )S  STOP
(S (NP (NP The *UNK- official )NP , (SBAR (WHNP who )WHNP (S (VP *UNK (NP (NP the building )NP (PP of (NP the Berlin Wall )NP )PP )NP )VP )S )SBAR , )NP (VP was (VP removed (PP during (NP (NP a meeting )NP (PP of (NP the *UNK- Communist Party Central Committee )NP )PP (PP in (NP East Berlin )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Honecker )NP , (SBAR (WHNP who )WHNP (S (VP was (VP reported (S (ADJP ill )ADJP )S (PP following (NP (NP *UNK- surgery )NP (PP in (NP August )NP )PP )NP )PP )VP )VP )S )SBAR , )NP (VP said (SBAR (S (NP he )NP (VP was (VP resigning (PP for (NP health reasons )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP was (VP succeeded (PP by (NP (NP *UNK- chief Egon Krenz )NP , (NP 52 )NP , (NP (NP a *UNK- )NP (SBAR (WHNP who )WHNP (S (VP (ADVP quickly )ADVP ruled (PRT out )PRT (NP (NP any *UNKING )NP (PP of (NP power )NP )PP (PP with (NP pro-democracy groups )NP )PP )NP )VP )S )SBAR )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Honecker 's )NP departure )NP (VP came (PP after (NP (NP (NP weeks )NP (PP of (NP street protests )NP )PP )NP and (NP (NP an exodus )NP (PP to (NP the West )NP )PP (PP of (NP (NP East Germans )NP (SBAR (WHNP who )WHNP (S (VP had (VP become (ADJP *UNKED (PP with (NP his rule )NP )PP )ADJP )VP )VP )S )SBAR )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP *UNKC (NP constitutional changes )NP (S (VP to (VP form (NP a democratic system )NP )VP )VP )S )VP . )S  STOP
(S (PP At (NP a (ADJP nationally televised )ADJP legislative session )NP )PP (PP in (NP *UNKC )NP )PP , (NP the Parliament )NP (VP (ADVP *UNKLY )ADVP approved (NP (NP changes )NP (VP (VP (ADVP formally )ADVP ending (NP *UNK- *UNK )NP (PP in (NP the country )NP )PP )VP , (VP *UNKING (NP free elections )NP (PP by (NP next summer )NP )PP )VP and (VP establishing (NP (NP the office )NP (PP of (NP state president )NP )PP (SBAR (S (VP to (VP replace (NP a *UNK- council )NP )VP )VP )S )SBAR )NP )VP )VP )NP )VP . )S  STOP
(S (NP The country )NP (VP was (VP *UNKED (S (NP (NP the Republic )NP (PP of (NP Hungary )NP )PP )NP )S )VP )VP . )S  STOP
(S (PP Like (NP other Soviet bloc nations )NP )PP , (NP it )NP (VP had (VP been (VP known (PP as (NP a `` (NP people 's )NP *UNK '' )NP )PP (FRAG (PP since )PP )FRAG )VP )VP )VP )S  STOP
(S (NP (NP The voting )NP (PP for (NP new laws )NP )PP )NP (VP followed (NP (NP (NP *UNK )NP (PP of (NP (NP Hungary 's )NP Communist Party )NP )PP (NP this month )NP )NP and (NP (NP its replacement )NP (PP by (NP a *UNKC Socialist Party )NP )PP )NP )NP )VP . )S  STOP
(S (S (NP (NP The space shuttle )NP (NP Atlantis )NP )NP (VP *UNKED (PP into (NP *UNK )NP )PP (PP from (NP (NP *UNKC *UNKC )NP , (NP Fla. )NP , )NP )PP )VP )S and (S (NP (NP its crew )NP (PP of (NP five *UNK )NP )PP )NP (VP launched (NP the *UNKED Galileo space probe )NP (PP on (NP (NP a flight )NP (PP to (NP the planet Jupiter )NP )PP )NP )PP )VP )S . )S  STOP
(S (NP (NP The (ADJP (QP $ 1.4 billion )QP )ADJP robot spacecraft 's )NP *UNK mission )NP (VP is (S (VP to (VP take (NP six years )NP )VP )VP )S )VP . )S  STOP
(S (NP The shuttle )NP (VP is (VP slated (S (VP to (VP return (NP Monday )NP (PP to (NP California )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP South Korea 's )NP President Roh )NP (VP (VP addressed (NP a joint House-Senate meeting )NP )VP and (VP urged (NP (NP *UNK )NP (PP over (NP (NP U.S. demands )NP (PP for (NP (NP the opening )NP (PP of (NP (NP Seoul 's )NP markets )NP )PP (PP to (NP more American goods )NP )PP )NP )PP )NP )PP )NP )VP , (S (VP saying (SBAR (S (NP trade issues )NP (VP would (VP be `` (VP resolved (PP to (NP mutual satisfaction )NP )PP )VP )VP )VP )S )SBAR )VP )S )VP . '' )S  STOP
(S (NP He )NP (ADVP also )ADVP (VP said (SBAR (S (NP *UNK results )NP (VP could (VP follow (NP (NP any `` *UNK )NP (PP of (NP (NP weakening )NP '' (PP of (NP (NP the U.S. defense commitment )NP (PP to (NP Seoul )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The Census Bureau )NP (VP reported (SBAR that (S (NP (NP (NP 13.1 % )NP (PP of (NP the U.S. population )NP )PP )NP , or (NP (QP *UNKN million )QP people )NP , )NP (VP were (VP living (PP in (NP poverty )NP )PP (PP in (NP 1988 )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Last year 's )NP figure )NP (VP (VP was (ADVP down (PP from (NP (NP 13.4 % )NP (PP in (NP 1987 )NP )PP )NP )PP )ADVP )VP and (VP marked (NP (NP the fifth consecutive annual decline )NP (PP in (NP the poverty rate )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP *UNKC capita income )NP (VP rose (NP 1.7 % )NP (PP to (NP $ *UNKN )NP )PP )VP )S , but (S (NP *UNK family income )NP (VP fell (NP 0.2 % )NP )VP )S . )S  STOP
(S (NP The Bush administration )NP (VP accused (NP Israeli Prime Minister *UNKC )NP (PP of (S (VP *UNKING (NP (NP peace efforts )NP (PP in (NP the Mideast )NP )PP )NP (PP with (NP (ADJP `` *UNK '' and disappointing )ADJP statements )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP Shamir )NP (VP said (NP Tuesday )NP (SBAR that (S (NP he )NP (VP was (VP prepared (S (VP to (VP risk (NP (NP a policy conflict )NP (PP with (NP the U.S. )NP )PP )NP (PP over (NP an *UNKC plan (S (VP to (VP hold (NP (NP direct *UNKC talks )NP , (SBAR (WHNP which )WHNP (S (NP (NP the premier 's )NP *UNKC bloc )NP (VP opposes )VP )S )SBAR )NP )VP )VP )S )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Cuba )NP (VP was (VP elected (PP to (NP the U.N. Security Council )NP )PP (PP for (NP (NP the first time )NP (PP since (NP (NP its *UNKED revolution )NP (ADVP (NP 30 years )NP ago )ADVP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The election )NP (VP was (PP by (NP (NP secret ballot )NP (PP in (NP the General Assembly )NP )PP )NP )PP )VP . )S  STOP
(S (NP The U.S. )NP (VP did n't (VP (ADVP openly )ADVP oppose (NP (NP (NP Cuba 's )NP *UNKING )NP (PP as (NP the Latin American council *UNK )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP (NP Britain 's )NP Prime Minister Thatcher )NP (VP told (NP (NP a Commonwealth summit )NP (PP in (NP (NP *UNKC *UNKC )NP , (NP Malaysia )NP , )NP )PP )NP (SBAR that (S (NP (NP sanctions )NP (PP against (NP South Africa )NP )PP )NP (VP were `` (ADJP *UNKLY irresponsible )ADJP )VP )S )SBAR )VP )S , '' (NP officials )NP (VP said )VP . )S  STOP
(S But (NP (NP other nations )NP (PP at (NP (NP the opening )NP (PP of (NP (NP the *UNK- meeting )NP (PP of (NP (NP Britain )NP and (NP its former *UNK )NP )NP )PP )NP )PP )NP )PP )NP (VP pressed (PP for (NP (ADJP continued or stronger )ADJP *UNK )NP )PP (PP in (NP an effort (S (VP to (VP end (NP apartheid )NP )VP )VP )S )NP )PP )VP . )S  STOP
(S (NP (NP Arab officials )NP (PP in (NP Saudi Arabia )NP )PP )NP (VP said (SBAR (S (NP (NP *UNK- talks )NP (PP by (NP *UNKC lawmakers )NP )PP (VP aimed (PP at (S (VP ending (NP (NP Lebanon 's )NP civil war )NP )VP )S )PP )VP )NP (VP appeared (S (VP about (S (VP to (VP collapse )VP )VP )S )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Christian legislators )NP (VP are (VP insisting (PP on (NP (NP a *UNKC *UNK *UNK )NP (PP from (NP Lebanon )NP )PP )NP )PP (PP before (S (VP agreeing (PP to (NP (NP political changes )NP (VP giving (NP (NP the nation 's )NP *UNKC )NP (NP (NP a greater role )NP (PP in (NP (NP *UNKC 's )NP government )NP )PP )NP )VP )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S (NP (NP Colombia 's )NP judges )NP (VP launched (NP (NP a *UNK- strike )NP (SBAR (S (VP to (VP press (NP security demands )NP )VP )VP )S )SBAR )NP (PP following (NP (NP (NP Tuesday 's )NP murder )NP (PP of (NP a High Court justice )NP )PP (PP in (NP *UNKC )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The country 's )NP *UNK *UNK )NP (VP claimed (NP (NP responsibility )NP (PP for (NP the *UNKING )NP )PP )NP )VP . )S  STOP
(S (NP (NP Most )NP (PP of (NP (NP the country 's )NP 20,000 (NX (NX judges )NX and (NX judicial employees )NX )NX )NP )PP )NP (VP joined (NP the work *UNK )NP )VP . )S  STOP
(S (NP (NP Charles S. Mitchell )NP , (NP (NP a vice president )NP (PP with (NP (NP *UNKC Development Co. )NP , (NP (NP the real estate development subsidiary )NP (PP of (NP Sears , Roebuck & Co. )NP )PP )NP )NP )PP )NP , )NP (VP was (VP named (S (NP (NP president )NP (PP of (NP (NP *UNKC *UNKC )NP , (NP a real estate development unit )NP )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP He )NP (VP succeeds (NP (NP William *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP resigned (NP earlier this year )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP Also )ADVP , (NP (NP Richard A. *UNKC )NP , (NP (NP a former marketing executive )NP (PP with (NP *UNKC Corp. )NP )PP )NP , )NP (VP was (VP appointed (S (NP (NP president )NP (PP of (NP (NP Continental Container Systems )NP , (NP (NP a producer )NP (PP of (NP can closing machinery )NP )PP (SBAR (WHNP that )WHNP (S (NP *UNKC )NP (VP acquired (NP late last year )NP )VP )S )SBAR )NP )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (NP a fire protection , electronics and industrial products concern )NP )VP . )S  STOP
(S (NP Dow Chemical Co. )NP (VP said (SBAR (S (NP third-quarter net income )NP (VP slipped (NP 6.8 % )NP (PP from (NP a record year-ago quarter )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The decline )NP (VP broke (NP (NP a *UNK )NP (PP of (NP (NP 10 quarters )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP Dow )NP (VP posted (NP earnings increases )NP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP (NP Dow 's )NP third-quarter net )NP (VP fell (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP (ADVP (NP a year )NP ago )ADVP )PP )VP . )S  STOP
(S (NP (NP Sales )NP (PP in (NP the latest quarter )NP )PP )NP (VP rose (NP 2 % )NP (PP to (NP (QP $ 4.25 billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP . )S  STOP
(S (NP Dow )NP (VP closed (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP , (ADVP up (NP 75 cents )NP )ADVP , (PP in (NP New York Stock Exchange composite trading )NP )PP )VP . )S  STOP
(S (NP A spokeswoman )NP (VP said (SBAR (S (NP Dow )NP (VP is (ADJP comfortable (PP with (NP Wall Street expectations (SBAR that (S (NP full-year earnings )NP (VP will (VP total (NP (NP (NP (QP about $ *UNKN )QP )NP (NP a share )NP )NP , (PP compared (PP with (NP (NP (NP last year 's )NP record net )NP (PP of (NP (NP (QP $ 2.4 billion )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )NP )PP )PP )NP )VP )VP )S )SBAR )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP that signal )NP (PP on (NP full-year profit )NP )PP )NP (VP *UNK (NP doubt )NP (PP on (SBAR whether (S (NP Dow )NP (VP will (VP improve (PP on (NP (NP its year-ago fourth-quarter net )NP (PP of (NP (NP (NP $ *UNKN )NP (NP a share )NP )NP , or (NP (QP $ *UNKN million )QP )NP )NP )PP )NP )PP )VP )VP )S )SBAR )PP )VP . )S  STOP
(S (NP Dow )NP (VP would (VP earn (NP (NP $ *UNKN )NP (NP a share )NP )NP (PP for (NP the year )NP )PP (SBAR if (S (NP it )NP (VP *UNKED (NP that year-ago fourth-quarter performance )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Dow officials )NP (VP were (VP *UNKING (SBAR that (S (NP the company )NP (VP would (VP earn (NP (NP (QP less than $ 15 )QP )NP (NP a share )NP )NP (NP this year )NP )VP )VP )S )SBAR (SBAR even before (S (NP they )NP (VP announced (PP in (NP July )NP )PP (NP a plan (S (VP to (VP acquire (NP (NP 67 % )NP (PP of (NP *UNKC Laboratories Inc )NP )PP )NP )VP )VP )S )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP That acquisition )NP (VP could (VP (ADVP further )ADVP *UNK (NP (NP earnings )NP (PP per (NP share )NP )PP )NP (NP this year )NP )VP )VP )S , (NP the company spokeswoman )NP (VP said )VP . )S  STOP
(S (NP Dow )NP (VP has n't (VP said (SBAR (WHNP (WHADJP exactly what )WHADJP impact )WHNP (S (NP the *UNKC acquisition )NP (VP will (VP have (PP on (NP 1989 earnings )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Dow )NP (VP blamed (NP the third-quarter earnings drop )NP (PP on (NP (NP several factors )NP , (PP including (NP (NP (NP softer prices )NP (PP for (NP (NP polyethylene )NP and (NP other basic chemicals )NP )NP )PP )NP , (NP a slower U.S. economy )NP and (NP (NP a stronger dollar )NP , (SBAR (WHNP which )WHNP (S (VP made (S (NP (NP (NP Dow 's )NP exports )NP (PP from (NP the U.S. )NP )PP )NP (ADJP more expensive (PP to (NP overseas customers )NP )PP )ADJP )S )VP )S )SBAR )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Another problem )NP (VP was (NP (NP a (ADJP 7 % )ADJP increase )NP (PP in (NP operating costs )NP )PP (PP at (NP (NP a time )NP (SBAR (WHADVP when )WHADVP (S (NP revenue )NP (VP was (VP rising (PP by (NP only 2 % )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (PP For (NP (NP the first nine months )NP (PP of (NP the year )NP )PP )NP )PP , (NP Dow )NP (VP earned (NP (NP (QP $ *UNKN billion )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP (ADVP up (NP 17 % )NP (PP from (NP (NP (QP $ *UNKN billion )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP (ADVP (NP a year )NP ago )ADVP )PP )ADVP )VP . )S  STOP
(S (NP (NP Sales )NP (PP for (NP the latest nine months )NP )PP )NP (VP rose (NP 7.7 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP (PP in (NP the year-ago period )NP )PP )PP )VP . )S  STOP
(SBARQ (SBAR Whether or not `` (S (NP great cases )NP (VP make (NP *UNK- )NP '' (PRN -- (SBAR as (S (NP Justice Holmes )NP (VP asserted )VP )S )SBAR -- )PRN )VP )S )SBAR (WHNP who )WHNP (SQ (VP can (VP doubt (SBAR that (S (SBAR (WHADVP when )WHADVP (S (NP great confirmation hearings )NP (VP turn (PP on (NP (NP (NP the *UNK 's )NP response )NP (PP to (NP these great cases )NP )PP )NP )PP )VP )S )SBAR (NP they )NP (VP make (NP bad judicial history )NP )VP )S )SBAR )VP )VP )SQ ? )SBARQ  STOP
(S (NP (NP (NP *UNKC *UNKC 's )NP `` (NX (NP (NP Battle )NP (PP for (NP Justice )NP )PP )NP : (SBAR (WHADVP How )WHADVP (S (NP the Bork *UNKC )NP (VP *UNKC (NP America )NP )VP )S )SBAR )NX '' )NP (PRN -LRB- (NP Norton )NP , (NP *UNKN pages )NP , (NP $ *UNKN )NP -RRB- )PRN )NP (VP is (NP (NP a *UNKED *UNK )NP (PP of (NP (NP the *UNK )NP (PP of (NP these hearings )NP )PP )NP )PP , (VP done (PP (PP with (NP *UNK *UNK )NP )PP , but (PP with (NP a flawed legal philosophy )NP )PP )PP )VP )NP )VP . )S  STOP
(S (SBAR While (S (NP the book )NP (VP (ADVP *UNKLY )ADVP justifies (NP its *UNK )NP )VP )S )SBAR , (NP (NP the title )NP (NP itself )NP )NP (VP is (ADJP dubious )ADJP )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (VP shook (NP America )NP )VP )S )SBAR (VP was not (NP (NP a battle )NP (PP (PP for (NP justice )NP )PP but (PP for (NP *UNKED power )NP )PP )PP , (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP (NP an army )NP (PP of (NP judicial activists )NP )PP )NP (VP rolled (ADVP over )ADVP (NP (NP a judge )NP (SBAR (S (NP they )NP (VP had (VP *UNKED )VP )VP )S )SBAR )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (NP its basic structure and style )NP )PP (NP the book )NP (VP is (ADJP *UNK )ADJP , (PP with (NP (NP *UNK character *UNK )NP , (NP *UNK- action )NP and (NP (NP *UNK *UNK )NP (PP of (NP (NP the sort )NP (ADJP (ADJP more likely (S (VP to (VP be (VP encountered (PP in (NP a Washington *UNK )NP )PP )VP )VP )VP )S )ADJP (PP than (PP in (NP a constitutional history )NP )PP )PP )ADJP )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP seems (S (VP to (VP believe (SBAR that (S (NP the hearings )NP (VP could (VP have (VP gone (NP either way )NP )VP )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP I )NP (VP doubt (NP that )NP )VP . )S  STOP
(S (PP Given (NP (NP Democratic frustration )NP (PP with (NP (NP (NP the Reagan *UNK )NP and (NP Court appointments )NP )NP , (NP (NP the *UNK plans )NP (PP in (NP place )NP )PP )NP , and (NP (NP (NP Mr. Bork 's )NP paper trail )NP (PP of (NP vulnerable *UNK )NP )PP )NP )NP )PP )NP )PP , (NP (NP it )NP )NP (VP was (ADJP pretty clear )ADJP (SBAR that (S (NP Judge Bork )NP (ADVP never )ADVP (VP stood (NP (NP much chance )NP (PP of (S (VP being (VP confirmed )VP )VP )S )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (SBAR As (S (NP (NP Mr. *UNKC )NP (NP himself )NP )NP (VP says )VP )S )SBAR , (NP (NP the *UNK )NP (PP of `` (NP raw meat )NP '' )PP )NP (VP was (PP in (NP the air )NP )PP )VP . )S  STOP
(S (SBAR (ADVP Perhaps )ADVP because (S (NP they )NP (VP won )VP )S )SBAR , (NP (NP Mr. Bork 's )NP *UNK )NP (VP come (PRT through )PRT (ADVP (ADVP more *UNKLY )ADVP (PP than (NP his *UNK )NP )PP )ADVP )VP . )S  STOP
(S (NP Ralph *UNKC )NP (VP was (NP the organizing *UNK )NP , (S (VP *UNKING (NP (NP a conglomerate )NP (PP of (NP pressure groups )NP )PP )NP (PP into (NP an *UNK *UNKING force )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP Harvard 's )NP *UNKC *UNKC )NP (VP was (NP the constitutional heavy )NP , (S (VP laying (PRT out )PRT (NP (NP legal strategies )NP (SBAR for (S (NP the senators and witnesses )NP (VP to (VP follow )VP )VP )S )SBAR )NP )VP )S )VP . )S  STOP
(S But (NP it )NP (VP was (NP Ted Kennedy )NP (SBAR (WHNP who )WHNP (S (VP *UNKED (ADVP most effectively )ADVP (PP with (NP (NP his *UNKING *UNK )NP (PP of (NP `` (NP (NP Robert Bork 's )NP America )NP '' -- (NP (NP the *UNK )NP (PP of (NP (NP *UNK *UNK )NP (SBAR (WHNP that )WHNP (S (VP would (VP follow (ADVP *UNKLY )ADVP (PRN , (S (NP he )NP (VP claimed )VP )S , )PRN (PP from (NP (NP the positions )NP (SBAR (S (NP Mr. Bork )NP (VP had (VP taken (PP over (NP (NP the space )NP (PP of (NP two decades )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )PP )NP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Sen. Kennedy )NP (PRN , (S (ADVP never )ADVP (VP mind (NP (NP his dubious credentials )NP (PP for (NP the moral high ground )NP )PP )NP )VP )S , )PRN (VP *UNKED (ADVP *UNKLY )ADVP )VP . )S  STOP
(S (NP I )NP (VP add (NP two others )NP )VP . )S  STOP
(S (NP (NP Republican Sen. *UNKC *UNKC )NP (PP of (NP Pennsylvania )NP )PP )NP (VP engaged (NP the *UNK )NP (PP in (NP (NP a *UNK contest )NP (VP aimed (PP at (S (VP showing (SBAR that (S (NP Mr. Bork )NP (VP was (ADJP willing (S (VP to (VP stretch (NP the Constitution )NP (PP in (NP (NP one area )NP (PRN -LRB- (NP free speech )NP -RRB- )PRN )NP )PP )VP )VP )S )ADJP (SBAR while (S (VP remaining (ADJP rigid )ADJP (PP in (NP all the others )NP )PP )VP )S )SBAR )VP )S )SBAR )VP )S )PP )VP )NP )PP )VP . )S  STOP
(S (NP It )NP (VP (VP achieved (NP a good media play )NP )VP , and (VP enabled (S (NP (NP Sen. Specter )NP and (NP others )NP )NP (VP to (VP vote (PP against (NP Mr. Bork )NP )PP (PP out (PP of `` (NP *UNK )NP )PP )PP )VP )VP )S )VP )VP . '' )S  STOP
(S (NP Further *UNK )NP (VP came (PP from (NP (NP left legal *UNK Ronald *UNKC )NP , (SBAR (WHNP who )WHNP (S (PP in (NP (NP the New York Review )NP (PP of (NP *UNKC )NP )PP )NP )PP (VP painted (NP (NP a picture )NP (PP of (S (NP a constitutional *UNK )NP (VP (ADVP *UNKLY )ADVP reading (NP his personal *UNK )NP (PP into (NP the Constitution )NP )PP , (PP (ADVP particularly )ADVP in (NP (NP the area )NP (PP of `` (NP original intent )NP )PP )NP )PP )VP )S )PP )NP )VP )S )SBAR )NP )PP )VP . '' )S  STOP
(S (NP (NP The charge )NP (PP of (S (VP being `` (PP outside (NP (NP the mainstream )NP '' (PP of (NP legal thought )NP )PP )NP )PP )VP )S )PP )NP (VP (ADVP *UNKLY )ADVP undercut (NP (NP Mr. Bork 's )NP *UNKLY standing )NP , (S (VP leaving (S (NP him )NP (VP *UNKING (PP on (NP the platform )NP )PP )VP )S )VP )S )VP . )S  STOP
(S (NP The *UNK )NP (ADVP still )ADVP (VP might (VP have (VP been (VP *UNKED (SBAR if (S (NP (NP a number )NP (PP of (NP Democratic *UNK )NP )PP (PP in (NP the South and Southwest )NP )PP )NP (VP had (VP broken (NP party lines )NP )VP )VP )S )SBAR )VP )VP )VP )VP . )S  STOP
(S But (NP (NP Democratic Sen. Bennett Johnson )NP (PP of (NP Louisiana )NP )PP )NP (VP *UNKED (NP the little band )NP (SBAR that (S (NP *UNK- blacks and women )NP (VP could (VP *UNK (NP (NP the margin )NP (SBAR (S (VP to (VP *UNK (NP them )NP (PP in (NP their next Senate elections )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP *UNKED (PP with (NP `` mainstream '' and *UNKING )NP )PP (S (VP to (VP *UNK (NP (NP Robert Bork 's )NP fate )NP )VP )VP )S )VP . )S  STOP
(FRAG (NP The *UNK ? )NP )FRAG  STOP
(S (NP (NP Mr. Bork 's )NP opponents )NP (VP (VP chose (NP the *UNK )NP )VP , (VP held (NP it )NP )VP and (VP kept (NP it )NP )VP )VP . )S  STOP
(S Yet (PP with (NP (NP the smooth confirmation )NP (PP of (NP (NP Anthony Kennedy )NP , (NP (NP an `` 80 *UNK '' )NP (ADJP (ADJP (ADVP only slightly less )ADVP *UNK (PP of (NP judicial restraint )NP )PP )ADJP (PP than (NP Mr. Bork )NP )PP )ADJP )NP )NP )PP )NP )PP , (NP the Democrats )NP (VP may (VP have (VP (VP won (NP the battle )NP )VP but (VP lost (NP the war )NP )VP )VP )VP )VP . )S  STOP
(S (NP Another *UNK )NP , (ADVP however )ADVP , (VP was (NP (NP the *UNKING message )NP (SBAR (S (NP the Bork hearings )NP (VP sent (PP into (NP (NP the judicial culture )NP (SBAR (WHPP from (WHNP which )WHNP )WHPP (S (NP the Supreme Court )NP (VP draws (NP its talent )NP )VP )S )SBAR )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The word )NP (VP went (ADVP forth )ADVP (PP to (NP every law school )NP )PP (SBAR that (S (NP (NP those )NP (PP with (NP federal court *UNK )NP )PP )NP (VP must (VP travel (NP a safe constitutional *UNK )NP , (PP with (NP (NP no paper trail )NP and (NP (NP no *UNK )NP (PP to (NP their *UNK or *UNK )NP )PP )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Unfortunately )ADVP , (NP the author )NP (ADVP simply )ADVP (VP does n't (VP supply (NP (NP the *UNK frame )NP (SBAR (S (VP to (VP sustain (NP his *UNK *UNK )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP He )NP (VP has (VP (ADVP too readily )ADVP *UNKED (NP (NP the case )NP (PP for (NP the activist law school culture )NP )PP )NP )VP )VP . )S  STOP
(S (S (VP *UNKING (ADVP more deeply )ADVP (PP into (NP (NP the *UNK )NP (PP of `` (NP judicial restraint )NP )PP )NP )PP )VP )S , '' (NP he )NP (VP would (VP have (VP found (NP (NP a long history )NP (VP going (ADVP back (PP to (NP (NP the great decisions )NP (PP of (NP Justice Holmes )NP )PP )NP )PP )ADVP )VP )NP )VP )VP )VP . )S  STOP
(S (NP He )NP (VP would (VP discover (NP it )NP (ADVP also )ADVP (PP in (NP (NP Alexander *UNKC )NP , (NP a *UNK constitutional *UNK )NP , (NP (NP (NP Mr. Bork 's )NP *UNK friend )NP (PP at (NP Yale )NP )PP )NP , (SBAR (WHNP (WHNP whose influence )WHNP (PP on (NP the judge )NP )PP )WHNP (S (VP goes (PP (ADVP well )ADVP beyond (NP (NP Mr. *UNKC 's )NP reporting )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (ADVP Still )ADVP , (NP (NP the long view )NP (PP of (NP (NP Robert Bork )NP (PP as (NP constitutional *UNK )NP )PP )NP )PP )NP (VP must (VP be (NP a *UNK one )NP )VP )VP . )S  STOP
(S (NP His strength )NP (VP lies (PP in (NP (NP his *UNK *UNK )NP , (SBAR (WHNP which )WHNP (S (VP (VP keeps (S (NP the Court )NP (ADJP clear (PP of (NP *UNK group pressures )NP )PP )ADJP )S )VP and (VP leaves (NP (NP most decisions )NP (PP in (NP a democracy )NP )PP )NP (PP to (NP elected *UNK and executives )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (ADVP Unfortunately )ADVP , (NP Mr. Bork )NP (VP failed (S (VP to (VP *UNK (PP between (NP (NP such pressures )NP and (NP (NP the *UNK )NP (PP of (NP (NP great issues )NP (ADJP critical (PP to (NP a society )NP )PP )ADJP (SBAR (WHNP that )WHNP (S (VP must (VP be (VP settled (ADVP *UNKLY )ADVP (SBAR if (S (NP it )NP (VP is (S (VP to (VP *UNK )VP )VP )S )VP )S )SBAR )VP )VP )VP )S )SBAR )NP )PP )NP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP The question )NP (PP of (NP *UNKED schools )NP )PP , (PP in (NP (NP Brown )NP (PP vs. (NP (NP Board )NP (PP of (NP Education )NP )PP )NP )PP )NP )PP , )NP (VP was (NP such an issue )NP )VP . )S  STOP
(S (PP In (NP our time )NP )PP (NP abortion )NP (VP has (VP become (NP (NP another )NP , (VP (ADVP best )ADVP left (PP (PP to (NP (NP a line )NP (PP of (NP Supreme Court decisions )NP )PP )NP )PP (PP rather than (PP to (NP (NP the chaos )NP (PP of (NP 50 state *UNK )NP )PP )NP )PP )PP )PP )VP )NP )VP )VP . )S  STOP
(S (NP (NP A (ADJP *UNK and growing )ADJP consensus )NP (PP of (NP Americans )NP )PP )NP (ADVP clearly )ADVP (VP wishes (S (VP to (VP apply (NP (NP (NP the right )NP (PP to (NP *UNK )NP )PP (PP in (NP *UNK matters )NP )PP )NP (PRN -LRB- (VP decided (PP in (NP the *UNKC case )NP )PP )VP -RRB- )PRN )NP (PP to (NP abortion )NP )PP (ADVP as well )ADVP )VP )VP )S )VP . )S  STOP
(S (NP One )NP (VP can (VP understand (NP (NP Mr. Bork 's )NP fear (SBAR that (S (NP (NP the new right )NP (PP to (NP *UNK )NP )PP )NP (VP will (VP become (VP (ADVP *UNKLY )ADVP stretched )VP )VP )VP )S )SBAR )NP , (SBAR though (S (NP (NP a Supreme Court )NP (VP *UNKED (PP of (NP (NP men and women )NP (PP with (NP (NP *UNK )NP , (NP *UNK )NP and (NP (NP a sense )NP (PP of (NP limits )NP )PP )NP )NP )PP )NP )PP )VP )NP (VP should (VP be (ADJP able (S (VP to (VP manage (NP it )NP )VP )VP )S )ADJP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (VP is (ADJP certain )ADJP )VP )S )SBAR (VP is (SBAR that (S (SBAR if (S (NP Americans )NP (VP allow (NP (NP another happening )NP (PP like (NP the *UNKING Bork confirmation *UNK )NP )PP )NP )VP )S )SBAR , (NP it )NP (VP will (VP be (PP at (NP their *UNK )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (NP (NP a writer and *UNK )NP (VP living (PP in (NP New York )NP )PP )VP )NP )VP . )S  STOP
(S (NP (NP (NP Sotheby 's )NP Inc. )NP , (NP (NP the world 's )NP biggest auction house )NP , )NP (VP is (VP taking (NP (NP a huge Wall *UNKC risk )NP (PP on (NP (NP the outcome )NP (PP of (NP (NP the sale )NP (PP of (NP (NP art )NP (PP from (NP (NP the estate )NP (PP of (NP (NP John T. Dorrance Jr. )NP , (NP the Campbell *UNKC Co. *UNK )NP )NP )PP )NP )PP )NP )PP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP The Financial Services division )NP (VP has (VP guaranteed (NP the Dorrance family )NP (SBAR that (S (NP it )NP (VP will (VP receive (NP (NP a minimum )NP (PP of (NP (QP $ 100 million )QP )NP )PP )NP (PP for (NP the collection )NP )PP , (ADVP regardless (PP of (SBAR (WHNP what )WHNP (S (NP (NP the bids )NP (PP for (NP the art works )NP )PP )NP (VP total )VP )S )SBAR )PP )ADVP )VP )VP )S )SBAR )VP )VP )S , (NP (NP people )NP (ADJP close (PP to (NP the transaction )NP )PP )ADJP )NP (VP say )VP . )S  STOP
(S (NP (NP The collection )NP , (SBAR (WHNP which )WHNP (S (VP includes (NP (NP two early *UNKC )NP , (NP a van *UNKC )NP , (NP a *UNKC )NP , (NP other paintings )NP , (NP furniture and *UNK )NP )NP )VP )S )SBAR , )NP (VP went (PP on (NP sale )NP )PP (NP last night )NP (PP in (NP (NP the first )NP (PP of (NP six *UNK )NP )PP )NP )PP )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (NP Sotheby 's )NP (VP is (VP doing )VP )VP )S )SBAR (VP (ADVP closely )ADVP *UNK (NP (NP an underwriting )NP (PP by (NP an investment bank )NP )PP )NP )VP . )S  STOP
(S (NP (NP A corporation )NP (SBAR (WHNP that )WHNP (S (VP wants (S (VP to (VP sell (NP stock or bonds )NP )VP )VP )S )VP )S )SBAR )NP (VP goes (PP to (NP (NP a Wall Street firm )NP , (SBAR (WHNP which )WHNP (S (VP purchases (NP the securities )NP (ADVP outright )ADVP , (S (VP accepting (NP (NP the financial risk )NP (PP of (S (VP finding (NP buyers )NP )VP )S )PP )NP )VP )S )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (SBAR If (S (NP the investment bank )NP (VP can (VP sell (NP the securities )NP (PP at (NP (NP a higher price )NP (SBAR than (S (NP it )NP (VP paid (NP the issuer )NP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR , (NP it )NP (VP makes (NP a profit )NP )VP . )S  STOP
(S (PP At (NP (NP (NP the initial sale )NP (NP last night )NP )NP , (PP for (NP example )NP )PP -- (NP (NP the sale )NP (VP featuring (NP the *UNKC masters )NP )VP )NP -- )NP )PP (NP bids )NP (VP totaled (NP (QP $ *UNKN million )QP )NP )VP . )S  STOP
(S (NP That )NP (VP was (PP (ADVP slightly )ADVP above (NP (NP (NP Sotheby 's )NP *UNK estimate )NP (PP of (NP (QP $ 111 million )QP )NP )PP )NP )PP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP (NP Sotheby 's )NP )NP (VP would (VP have (VP earned (NP (NP (QP 20 % )QP )NP (PP of (NP the total )NP )PP )NP (PP in (NP commissions )NP )PP )VP )VP )VP . )S  STOP
(S (ADVP Instead )ADVP (PRN , (S (NP (NP people )NP (ADJP familiar (PP with (NP the transaction )NP )PP )ADJP )NP (VP said )VP )S , )PRN (NP the auction house )NP (VP *UNKED (S (VP to (VP *UNK (NP that percentage )NP )VP )VP )S (UCP (SBAR in order (S (VP to (VP obtain (NP the collection )NP )VP )VP )S )SBAR and (PP in (NP (NP exchange )NP (PP for (S (VP taking (NP (NP a bigger chunk )NP (PP of (NP (NP proceeds )NP (VP exceeding (NP (QP $ 100 million )QP )NP )VP )NP )PP )NP )VP )S )PP )NP )PP )UCP )VP . )S  STOP
(S (NP Art dealers )NP (VP say (SBAR that (S (SBAR while (S (NP auction houses )NP (ADVP occasionally )ADVP (VP guarantee (NP (NP the seller )NP (PP of (NP (NP a (ADJP highly desirable )ADJP work )NP (PP of (NP art )NP )PP )NP )PP )NP (NP a minimum price )NP )VP )S )SBAR , (NP (NP a financial commitment )NP (PP of (NP this size )NP )PP )NP (VP is (ADJP unprecedented )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC D. Brooks )NP , (NP (NP president )NP (PP of (NP (NP Sotheby 's )NP North America division )NP )PP )NP , )NP (VP (ADVP *UNKLY )ADVP denies (SBAR (S (NP it )NP (VP offered (NP the Dorrance *UNK )NP (NP a *UNK- guarantee )NP )VP )S )SBAR , (S (VP calling (S (NP such reports )NP `` (ADJP *UNK )ADJP )S )VP )S )VP . '' )S  STOP
(SINV (S (VP *UNKED (PP in (NP (NP the *UNK *UNK catalog )NP (PP for (NP the sale )NP )PP )NP )PP )VP )S , (ADVP however )ADVP , (VP appears )VP (NP (NP the statement )NP , `` (S (NP (NP Sotheby 's )NP )NP (VP has (NP (NP an interest )NP (PP in (NP (NP the property )NP (PP in (NP this catalog )NP )PP )NP )PP )NP )VP )S )NP . '' )SINV  STOP
(SINV (VP *UNKC )VP (NP (NP a Sotheby 's )NP spokeswoman )NP , (S (NP the statement )NP `` (VP means (SBAR (ADVP exactly )ADVP (WHNP what )WHNP (S (NP it )NP (VP says )VP )S )SBAR )VP )S . )SINV  STOP
(S (NP We )NP (VP have (NP (NP some level )NP (PP of (NP (NP financial interest )NP '' (PP in (NP the collection )NP )PP )NP )PP )NP )VP . )S  STOP
(S `` (NP We )NP (VP do n't (VP disclose (NP *UNK )NP )VP )VP . '' )S  STOP
(S (NP (NP Frank *UNKC )NP , (NP (NP a lawyer )NP (PP for (NP the Dorrance estate )NP )PP (PP with (NP (NP the Philadelphia law firm )NP (PP of (NP Morgan , Lewis & *UNKC )NP )PP )NP )PP )NP , )NP (VP declines (S (VP to (VP comment (PP on (NP the financial arrangements )NP )PP )VP )VP )S )VP . )S  STOP
(S (S (NP Sotheby 's )NP (VP made (NP the (ADJP (QP $ 100 million )QP )ADJP guarantee )NP (S (VP to (VP keep (NP the Dorrance collection )NP (ADVP away (PP from (NP (NP its archrival )NP , (NP auction house (NP Christie 's )NP International PLC )NP )NP )PP )ADVP )VP )VP )S )VP )S ; (S (NP Christie 's )NP (VP has (VP handled (NP smaller sales )NP (PP for (NP the Dorrance family )NP )PP (PP over (NP the years )NP )PP )VP )VP )S . )S  STOP
(SINV (S (SBAR (WHADVP When )WHADVP (S (NP (NP Christie 's )NP officials )NP (VP asked (SBAR (WHADVP why )WHADVP (S (NP the firm )NP (VP was n't (VP picked (S (VP to (VP sell (NP the Dorrance collection )NP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR , (NP (NP representatives )NP (PP of (NP the Dorrance family )NP )PP )NP `` (VP told (NP us )NP (SBAR (S (NP it )NP (VP was (NP (NP a question )NP (PP of (NP financial considerations )NP )PP )NP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP Michael *UNKC )NP , (NP (NP (NP Christie 's )NP head )NP (PP of (NP (ADJP *UNK and modern )ADJP paintings )NP )PP )NP )NP . )SINV  STOP
(S (S (NP (NP *UNKC )NP (SBAR (WHNP who )WHNP (S (VP have (VP made (NP their money )NP (PP on (NP Wall Street )NP )PP )VP )VP )S )SBAR )NP (VP have (VP become (NP (NP an (ADJP increasingly important )ADJP part )NP (PP of (NP the art business )NP )PP )NP )VP )VP )S and (S (NP their money )NP (VP has (VP helped (S (VP fuel (NP the art boom )NP )VP )S )VP )VP )S , but (S (ADVP recently )ADVP (NP it )NP (VP appears (SBAR (S (NP Sotheby 's )NP (VP has (VP been (VP returning (NP the *UNK )NP )VP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (PP In (NP November 1987 )NP )PP , (NP Sotheby 's )NP (ADVP essentially )ADVP (VP offered (NP (NP a (ADJP Wall *UNKC )ADJP `` bridge loan '' )NP (PP of (NP (QP about $ 27 million )QP )NP )PP )NP (PP to (NP Australian businessman Alan Bond )NP )PP (S (VP to (VP enable (S (NP him )NP (VP to (VP purchase (NP (NP Vincent van *UNKC 's )NP `` *UNKC '' )NP (PP for (NP (QP $ *UNKN million )QP )NP )PP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP It )NP (VP was (NP (NP the highest bid )NP (PP in (NP history )NP )PP (PP for (NP (NP a work )NP (PP of (NP art )NP )PP )NP )PP )NP )VP . )S  STOP
(S But (ADVP (NP two weeks )NP ago )ADVP , (NP Sotheby 's )NP (VP said (SBAR that (S (NP it )NP (VP has (NP the painting )NP (PP under (NP lock and key )NP )PP (SBAR because (S (NP the loan )NP (VP had not (VP been (VP (ADVP fully )ADVP repaid )VP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP Sotheby 's )NP (VP is (VP offering (NP such deals )NP (SBAR because (S (NP it )NP (VP 's (NP (NP an art sellers ' )NP market )NP , (SBAR (ADVP at least )ADVP (WHADVP where )WHADVP (S (NP the best works )NP (VP are (VP concerned )VP )VP )S )SBAR )VP )S )SBAR )VP )VP )S , (VP says )VP (NP (NP Ralph *UNKC )NP , (NP (NP an attorney and author )NP (PP of (NP (NP the book )NP `` (NP Art Law )NP )NP )PP )NP )NP . '' )SINV  STOP
(S `` (S (NP There )NP (VP seems (S (VP to (VP be (NP (NP a lot )NP (PP of (NP art )NP )PP )NP (PP for (NP sale )NP )PP )VP )VP )S )VP )S , but (S (NP there )NP (VP 's (NP more competition )NP )VP )S . )S  STOP
(S (S (NP The competition )NP (VP gives (NP the seller )NP (NP the ability (S (VP to (VP cut (NP a better deal )NP )VP )VP )S )NP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (S (NP The Dorrance family )NP (VP will (ADVP still )ADVP (VP receive (NP (NP a substantial portion )NP (PP of (NP (NP the auction proceeds )NP (PP above (NP (QP $ 100 million )QP )NP )PP )NP )PP )NP )VP )VP )S , (NP (NP people )NP (ADJP familiar (PP with (NP the transaction )NP )PP )ADJP )NP (VP said )VP . )S  STOP
(S But (NP (NP it )NP )NP (VP 's (ADJP likely )ADJP (SBAR that (S (NP Sotheby 's )NP (VP will (VP take (NP (NP a (ADJP (ADJP higher )ADJP (PP than (NP usual )NP )PP )ADJP commission )NP , (VP called (S (NP an override )NP )S )VP , )NP (PP on (NP (NP the amount )NP (VP exceeding (NP the guarantee )NP )VP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Sotheby 's )NP (VP has (VP been (VP (ADVP aggressively )ADVP promoting (NP the Dorrance sale )NP )VP )VP )VP . )S  STOP
(S (PP At (NP (NP a news conference )NP (NP last May )NP (VP announcing (NP (NP plans )NP (PP for (NP the auction )NP )PP )NP )VP )NP )PP , (NP Sotheby 's )NP (VP estimated (NP its value )NP (PP in (NP (NP excess )NP (PP of (NP (QP $ 100 million )QP )NP )PP )NP )PP )VP . )S  STOP
(S (ADVP More recently )ADVP , (NP Sotheby 's )NP (VP has (VP predicted (SBAR (S (NP the collection )NP (VP will (VP fetch (NP (QP $ 140 million )QP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP That )NP (VP 's (NP (NP the highest estimate )NP (PP for (NP a single collection )NP )PP (PP in (NP auction history )NP )PP )NP )VP . )S  STOP
(S (NP The decision (S (VP to (VP put (NP the entire collection )NP (PP on (NP the block )NP )PP )VP )VP )S )NP (VP stunned (NP many )NP , (SBAR since (S (S (NP Mr. Dorrance )NP (VP had (VP served (PP as (NP (NP chairman )NP (PP of (NP (NP the Philadelphia Museum )NP (PP of (NP Art )NP )PP )NP )PP )NP )PP )VP )VP )S , and (S (NP (NP it )NP )NP (VP had (VP been (VP assumed (SBAR (S (NP (NP many )NP (PP of (NP the works )NP )PP )NP (VP would (VP be (VP donated (PP to (NP the institution )NP )PP )VP )VP )VP )S )SBAR )VP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (PP At (NP (NP last night 's )NP sale )NP )PP , (NP (NP (QP 13 of 44 )QP works )NP (SBAR (WHNP that )WHNP (S (VP sold )VP )S )SBAR )NP (VP were (VP purchased (PP by (NP (NP *UNKC International *UNKC )NP , (NP (NP the *UNK- unit )NP (PP of (NP (NP Aichi Financial )NP , (NP (NP a Japanese conglomerate )NP (SBAR (WHNP that )WHNP (S (VP owns (NP (NP 7.5 % )NP (PP of (NP Christie 's )NP )PP )NP )VP )S )SBAR )NP )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP Sotheby 's )NP guarantee )NP (VP is (VP raising (NP *UNK )NP (PP in (NP the art world )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP The consumer )NP (VP has (S (VP to (VP throw (PRT out )PRT (NP the idea (SBAR that (S (NP the auction house )NP (VP is (NP a *UNKED *UNK )NP )VP )S )SBAR )NP )VP )VP )S )VP )S , '' (VP says )VP (NP New York art dealer David *UNKC )NP . )SINV  STOP
(S (SBAR While (S (NP he )NP (VP adds (SBAR that (S (NP he )NP (VP has (NP (NP no problem )NP (PP with (NP (NP auction houses )NP (SBAR (WHNP who )WHNP (S (VP sell (NP (NP works )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP they )NP (VP have (NP (NP a financial interest )NP )NP )VP )S )SBAR )NP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )VP )S )SBAR , `` (NP It )NP (VP ought (S not (VP to (VP be (VP hidden (PP in (NP some small print )NP )PP )VP )VP )VP )S )VP . '' )S  STOP
(S (PP In (NP such *UNK )NP )PP (PRN , (S (NP he )NP (VP says )VP )S , )PRN (NP the house )NP `` (VP is (VP going (S (VP to (VP put (NP the best light )NP (PP on (NP things )NP )PP )VP )VP )S )VP )VP . '' )S  STOP
(S (S (PP For (NP example )NP )PP , (NP (NP (NP an auction house 's )NP comments )NP (PP on (NP (NP the condition )NP (PP of (NP (NP a work )NP (PP of (NP art )NP )PP (SBAR (WHNP that )WHNP (S (VP is (ADVP up (PP for (NP sale )NP )PP )ADVP )VP )S )SBAR )NP )PP )NP )PP )NP (VP should (VP be (VP looked (PP at )PP (PP with `` (NP (ADJP very open )ADJP eyes )NP )PP )VP )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(SINV `` (S (NP There )NP (VP 's (NP (NP more and more )NP (PP of (NP this *UNK- )NP )PP )NP (VP going (PRT on )PRT (PP at (NP every level )NP )PP )VP )VP )S , '' (VP says )VP (NP (NP Bruce Miller )NP , (NP (NP president )NP (PP of (NP (NP Art Funding Corp. )NP , (NP an art lender )NP )NP )PP )NP )NP . )SINV  STOP
(S (S (NP (NP Dealers )NP and (NP auction houses )NP )NP `` (VP know (SBAR (S (SBAR if (S (NP they )NP (VP do n't (VP lay (PRT out )PRT (NP (QP a half )QP a million )NP (PP for (NP this )NP )PP )VP )VP )S )SBAR , (NP another one )NP (VP will )VP )S )SBAR )VP )S ; (S (NP it )NP (VP 's (ADJP that competitive )ADJP )VP )S . '' )S  STOP
(S (PP In (NP January )NP )PP , (NP (NP two small New York *UNK )NP , (NP (NP the *UNKC *UNKC *UNKC )NP and (NP *UNKC *UNKC Arts )NP )NP , )NP (VP *UNKED (NP (NP a major art collection )NP (VP owned (PP by (NP the *UNKC family )NP )PP )VP )NP (ADVP away (PP from (NP rival *UNK- bidders )NP )PP )ADVP (PP with (NP (NP an *UNK- payment )NP (PP of (NP (QP about $ 25 million )QP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP A Christie 's )NP spokeswoman )NP (VP said (SBAR that (S (SBAR while (S (NP the auction house )NP (ADVP sometimes )ADVP (VP *UNK (NP (NP its seller 's )NP commission )NP (S (VP to (VP attract (NP art works )NP )VP )VP )S (PRN -- (S (NP it )NP (ADVP still )ADVP (VP gets (NP a commission )NP (PP from (NP the buyer )NP )PP )VP )S -- )PRN )VP )S )SBAR (NP Christie 's )NP (VP wo n't (VP offer (NP financial guarantees )NP (SBAR because `` (S (NP Christie 's )NP (VP believes (SBAR (S (NP its primary role )NP (VP is (PP (PP as (NP an auction house )NP )PP , and (ADVP therefore )ADVP (PP as (NP (NP an agent )NP (PRN -LCB- (PP for (NP buyer and seller )NP )PP -RCB- )PRN )NP )PP , not (PP as (NP a bank )NP )PP )PP )VP )S )SBAR )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Egon Krenz )NP , (NP (NP the man )NP (VP tapped (NP yesterday )NP (S (VP to (VP become (NP (NP East Germany 's )NP new leader )NP )VP )VP )S )VP )NP , )NP (VP faces (NP (NP (NP the same task )NP (SBAR (WHNP that )WHNP (S (VP has (VP fallen (PP to (NP neighboring socialist colleagues )NP )PP )VP )VP )S )SBAR )NP : (S (VP *UNKING (NP (NP a country )NP (PP in (NP crisis )NP )PP )NP )VP )S )NP )VP . )S  STOP
(S But (PP unlike (NP (NP the other new leaders )NP (PP in (NP the East Bloc )NP )PP )NP )PP , (NP Mr. Krenz )NP (VP will (VP face (NP (NP (NP an immediate threat )NP (PP to (NP (NP his nation 's )NP very existence )NP )PP )NP : (NP German reunification )NP )NP )VP )VP . )S  STOP
(S (NP (NP Mr. Krenz )NP , (NP age 52 )NP , )NP (VP is (VP known (PP as (NP (NP an *UNK- *UNK )NP , (NP (NP one )NP (ADJP likely (S (VP to (VP continue (NP (NP the method )NP (PP of (S (VP running (NP a country )NP )VP )S )PP (SBAR (WHNP that )WHNP (S (NP the Berlin Wall )NP (VP made (S (ADJP famous )ADJP )S )VP )S )SBAR )NP )VP )VP )S )ADJP )NP )NP )PP )VP )VP . )S  STOP
(S (SBAR Even if (S (NP he )NP (VP were (S (VP to (VP (VP change (NP his *UNK )NP )VP and (VP become (NP another Milton *UNKC )NP )VP )VP )VP )S )VP )S )SBAR , (ADVP however )ADVP , (NP he )NP (VP would (ADVP still )ADVP (VP stand (NP (NP a good chance )NP (PP of (S (VP losing (NP a country )NP )VP )S )PP )NP )VP )VP . )S  STOP
(S (NP Mr. Krenz )NP (ADVP almost certainly )ADVP (VP will (VP be (NP (NP a younger version )NP (PP of (NP (NP *UNKC Honecker )NP , (NP (NP his rigid predecessor )NP (PP as (NP dictator )NP )PP )NP )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP Mr. Krenz )NP (VP has (VP followed (NP (NP much the same career path )NP (PP as (NP Mr. Honecker )NP )PP )NP )VP )VP )S : (S (NP Both )NP (VP spent (NP years )NP (S (VP overseeing (NP (NP the *UNKC Deutsche *UNKC )NP , (NP (NP the youth group )NP (SBAR (WHNP that )WHNP (S (VP is (NP (NP (NP the communist regime 's )NP principal tool )NP (PP for (S (VP *UNKING (NP young Germans )NP (PP into (NP socialist citizens )NP )PP )VP )S )PP )NP )VP )S )SBAR )NP )NP )VP )S )VP )S . )S  STOP
(S (ADVP More recently )ADVP , (NP Mr. Krenz )NP (VP (VP has (VP been (PP in (NP (NP charge )NP (PP of (NP East German security )NP )PP )NP )PP )VP )VP , and (VP is (NP (NP the youngest member )NP (PP of (NP the ruling Politburo )NP )PP )NP )VP )VP . )S  STOP
(S (S (VP *UNKED (PP with (NP another Mr. Honecker )NP )PP )VP )S , (NP (NP (ADJP so many )ADJP *UNKING East Germans )NP )NP (VP are (ADJP likely (S (VP to (VP *UNK )VP )VP )S )ADJP (SBAR that (S (NP the two German *UNK )NP (VP will (VP get (NP their reunification )NP , (ADVP de *UNK )ADVP , (PP on (NP West German ground )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S But (SBAR if (S (NP (NP East Germany 's )NP *UNK Politburo )NP (VP does (VP *UNK (PRT up )PRT (ADVP enough (S (VP to (VP permit (S (NP Mr. Krenz )NP (VP to (VP make (NP (NP serious efforts )NP (PP at (NP reform )NP )PP )NP )VP )VP )S )VP )VP )S )ADVP )VP )VP )S )SBAR , (NP he )NP (VP will (VP face (NP (NP a challenge )NP (ADJP just as fundamental )ADJP )NP )VP )VP . )S  STOP
(S (S (VP *UNKING (NP socialism )NP )VP )S (VP means (S (VP *UNKING (NP (NP (NP (NP the East German state 's )NP reason )NP (PP for (NP existence )NP )PP )NP , and (PP with (NP it )NP )PP (NP (NP the *UNK )NP (PP for (NP (NP its *UNK )NP and (NP its Wall )NP )NP )PP )NP )NP )VP )S )VP . )S  STOP
(S (PP In (NP this scenario )NP )PP (NP (NP it )NP )NP (VP 's (ADJP hard )ADJP (S (VP to (VP imagine (SBAR that (S (NP (NP a pale *UNK )NP (PP of (NP the Federal Republic )NP )PP )NP (VP could (VP avoid (S (VP being (VP pulled (PP into (NP (NP (NP some kind )NP (PP of (NP tie )NP )PP )NP -- (ADJP economic , federal or stronger )ADJP -- (PP with (NP West Germany )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP Mr. Krenz )NP (VP may (VP need (NP (NP a bit )NP (PP of (NP time )NP )PP )NP (S (VP to (VP consolidate (NP his empire )NP , (SBAR (WHNP which )WHNP (S (VP would (VP do (NP (NP a lot )NP (SBAR (S (VP to (VP promote (NP *UNKC *UNKC One )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP in (NP West Germany )NP )PP )NP (VP have (ADVP already )ADVP (VP *UNKED (NP the exodus )NP (PP by (S (VP *UNKING (NP (NP an *UNK )NP (VP placed (PP by (NP Mr. Honecker )NP )PP )VP : `` (SINV (VP *UNKED )VP : (NP one people )NP )SINV )NP )VP )S )PP )VP )VP . '' )S  STOP
(S (NP (NP The (ADJP West German )ADJP *UNK )NP (PP in (NP *UNKC , *UNKC and Warsaw )NP )PP )NP (VP are (VP continuing (S (VP to (VP find (NP refugees )NP (PP at (NP their *UNK )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (PP Of (NP course )NP )PP (NP East Germany )NP , (S (ADJP true (PP to (NP its tradition )NP )PP )ADJP )S , (VP could (VP *UNK (NP its *UNK )NP (ADVP yet further )ADVP )VP )VP . )S  STOP
(S (NP (NP Two )NP (PP of (NP (NP the last *UNK )NP (PP of (NP the Honecker regime )NP )PP )NP )PP )NP (VP were (S (VP to (VP (VP close (NP (NP the border )NP (PP to (NP *UNKC )NP )PP )NP )VP and (VP install (NP *UNK lights )NP (PP in (NP (NP some spots )NP (PP along (NP the *UNK )NP )PP )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S But (PP with (NP (NP world-wide opinion )NP (PRN -- (PP (ADVP even )ADVP , (ADVP apparently )ADVP in (NP Moscow )NP )PP -- )PRN (PP against (NP East Germany )NP )PP )NP )PP , (NP the country )NP (VP would (VP have (S (VP to (VP turn (NP itself )NP (PP into (NP an *UNKC )NP )PP )VP )VP )S (S (VP to (VP *UNK (PRT down )PRT (ADVP further )ADVP (PP on (NP refugees )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP There )NP (VP have (VP been (NP (NP some reports (SBAR that (S (NP Mr. Krenz )NP (VP is (VP moving (S (VP to (VP `` *UNK '' (NP his reputation )NP )VP )VP )S )VP )VP )S )SBAR )NP , notably (NP rumors (SBAR that (S (NP it )NP (VP was (NP he )NP (SBAR (WHNP who )WHNP (S (VP kept (NP (NP East Germany 's )NP state police )NP (PP off (NP (NP protesters ' )NP backs )NP )PP (PP at (NP (NP the country 's )NP dismal *UNK anniversary *UNK )NP )PP (NP earlier this month )NP )VP )S )SBAR )VP )S )SBAR )NP )NP )VP )VP . )S  STOP
(S But (SBAR even if (S (NP he )NP (VP effects (NP a *UNKC *UNK )NP )VP )S )SBAR , (NP he )NP (VP will (VP face (NP (NP a serious ideological crisis )NP and (NP *UNKC *UNKC Two )NP )NP )VP )VP . )S  STOP
(S (NP The problem )NP (VP is (NP (NP (NP one )NP (SBAR (WHNP that )WHNP (S (NP East Germany )NP (VP shares (PP with (NP (NP other *UNK- )NP , (PP such as (NP North Korea )NP )PP )NP )PP )VP )S )SBAR )NP , but (NP (NP one )NP (SBAR (S (NP it )NP (VP must (VP shoulder (ADVP alone )ADVP (PP in (NP the East Bloc )NP )PP )VP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (S (SBAR (WHADVP When )WHADVP (S (NP Poland )NP (VP moves (S (VP to (VP reform )VP )VP )S )VP )S )SBAR , (NP it )NP (VP can (ADVP at least )ADVP (VP lean (PP on (NP its past )NP )PP )VP )VP )S : (S (SBAR (WHADJP However flawed and *UNKED )WHADJP (S (NP (NP Joseph *UNKC 's )NP *UNK *UNK )NP )S )SBAR , (NP it )NP (VP was (NP a *UNK democracy )NP )VP )S . )S  STOP
(S (NP *UNKC *UNK )NP (VP can (VP recall (NP (NP the *UNKC *UNK )NP (PP of (NP (NP the same period )NP (PP in (NP their country )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP Even the Soviet Union )NP (VP has (NP (NP Peter the Great )NP (SBAR (S (VP to (VP *UNK , (SBAR (SINV should (NP it )NP (VP choose (S (VP to )VP )S )VP )SINV )SBAR )VP )VP )S )SBAR )NP )VP . )S  STOP
(S But (NP East Germany )NP (VP is (ADVP merely )ADVP `` (NP (NP the land )NP (PP of (NP (ADJP truly existing )ADJP socialism )NP )PP )NP )VP . '' )S  STOP
(S (PP Beyond (NP that )NP )PP , (NP it )NP (VP has (S (VP to (VP compete (PP with (NP West Germany )NP )PP (PP for (NP (NP a claim )NP (PP to (NP the German identity )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP Up (PP to (NP now )NP )PP )PP , (NP (NP the main weapon )NP (PP of (NP the `` worker and *UNK state '' )NP )PP )NP (VP has (VP been (NP (NP the *UNK )NP (PP of (NP socialism )NP )PP )NP )VP )VP . )S  STOP
(S (PP With (NP (NP talk )NP (NP today )NP (PP of (NP (NP a second economic *UNK )NP (PP in (NP West Germany )NP )PP )NP )PP )NP )PP , (NP East Germany )NP (ADVP no longer )ADVP (VP can (VP content (NP itself )NP (PP with (S (VP being (NP (NP the economic star )NP (PP in (NP a *UNK league )NP )PP )NP )VP )S )PP )VP )VP . )S  STOP
(S (PP Without (NP (NP (NP Moscow 's )NP military and party )NP (PP behind (NP it )NP )PP )NP )PP , (NP East Germany )NP (VP runs (NP (NP the risk )NP (PP of (NP *UNKING )NP )PP )NP )VP . )S  STOP
(S (SBAR If (S (NP it )NP (VP (VP goes (ADJP *UNK )ADJP )VP , and (VP increases (NP (NP trade )NP (PP with (NP West Germany )NP )PP )NP )VP )VP )S )SBAR , (NP it )NP (VP will (VP convert (NP itself )NP , (ADVP *UNKLY )ADVP , (PP into (NP (NP an economic *UNK )NP (PP of (NP the Federal Republic )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP There )NP (VP 's (NP a certain *UNK logic )NP (PP at (NP work )NP )PP (ADVP here )ADVP )VP )S : (S (NP (NP It )NP )NP (VP 's (ADJP particularly appropriate -- and *UNK -- )ADJP (SBAR that (S (NP (NP the land )NP (SBAR (WHNP that )WHNP (S (VP produced (NP *UNKC *UNKC )NP )VP )S )SBAR )NP (VP should (VP prove (NP (NP socialism 's )NP failure )NP (PP in (NP (NP an experiment )NP (SBAR (WHNP that )WHNP (S (VP uses (NP its own people )NP (PP as (NP controls )NP )PP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP There )NP (VP may (VP be (NP (NP forces )NP (SBAR (WHNP that )WHNP (S (VP would (VP delay (NP this scenario )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP are (NP (NP the last )NP (SBAR (S (VP to (VP surrender )VP )VP )S )SBAR )NP )VP )S , and (S (NP Germans )NP (VP are (NP an ideological people )NP )VP )S . )S  STOP
(S (S (NP (NP The protesters )NP (SBAR (WHNP who )WHNP (S (VP *UNKED (NP Mikhail Gorbachev )NP (PP at (NP (NP East Berlin 's )NP airport )NP )PP (NP earlier this month )NP )VP )S )SBAR )NP (VP were n't (VP *UNKING `` (SINV (VP *UNK )VP (NP U.S.A )NP )SINV '' )VP )VP )S -- (S (NP they )NP (VP were (VP *UNKING `` (S (NP *UNKC )NP , (VP *UNKC (NP *UNK )NP )VP )S )VP )VP )S . '' )S  STOP
(S (NP (NP *UNKC )NP (PP on (NP (NP the other side )NP (PP of (NP the border )NP )PP )NP )PP )NP (VP can (ADVP also )ADVP (VP slow (NP the process )NP )VP )VP . )S  STOP
(S (NP (NP Helmut Kohl 's )NP governing conservative coalition )NP (VP is (VP proving (ADJP *UNKLY true (PP to (NP the West German *UNK )NP )PP )ADJP (PP by (S (VP making (S (NP (NP (QP more than 500,000 )QP people )NP (PP of (NP German *UNK )NP )PP )NP (NP automatic citizens )NP )S (NP (NP this year )NP (ADVP alone )ADVP )NP )VP )S )PP )VP )VP . )S  STOP
(S But (PP (PP within (NP the government )NP )PP and (PP in (NP (NP the think tanks )NP (PP outside (NP it )NP )PP )NP )PP )PP , (NP many West Germans )NP (VP maintain (SBAR that (S (NP they )NP (VP do n't (VP want (NP immediate reunification )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP this )NP (ADVP currently )ADVP (VP is (NP wisdom )NP -- (PP (ADVP particularly )ADVP given (NP a nervous neighboring France )NP )PP )VP . )S  STOP
(S But (NP it )NP (VP would (VP be (ADJP ironic )ADJP (SBAR if (S (NP (NP Germany 's )NP reunification )NP , (PP (ADVP just )ADVP like (NP its division )NP )PP , (ADVP eventually )ADVP (VP were (NP (NP the result )NP (PP of (NP (NP actions )NP (PP in (NP (NP centers )NP (PP of (NP power )NP )PP (ADVP other (PP than (NP Bonn and Berlin )NP )PP )ADVP )NP )PP )NP )PP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP (NP a statement )NP (SBAR (WHNP that )WHNP (S (VP was (ADJP (ADJP as close )ADJP (SBAR as (S (NP East Germany )NP (VP gets )VP )S )SBAR (PP to (S (VP practicing `` (NP glasnost )NP '' )VP )S )PP )ADJP )VP )S )SBAR )NP )PP , (NP (NP *UNKC *UNKC )NP , (NP an (ADJP East German )ADJP party *UNK )NP , )NP (ADVP actually )ADVP (VP acknowledged (NP the reunification dilemma )NP )VP . )S  STOP
(S `` (NP The main problem )NP (PRN , '' (S (NP Mr. *UNKC )NP (VP said (PP in (NP (NP an (ADJP East German )ADJP radio interview )NP (VP monitored (PP by (NP (NP Radio Free Europe )NP (PP in (NP *UNKC )NP )PP )NP )PP )VP )NP )PP )VP )S , )PRN (VP stems (PP from (NP the fact (SBAR that `` (S (NP the *UNKC )NP (VP is (ADJP different '' (PP from (NP other (ADJP East European )ADJP states )NP )PP )ADJP )VP )S )SBAR )NP )PP )VP . )S  STOP
(SBARQ `` (WHNP (WHNP What kind )WHNP (PP of (NP right (S (VP to (VP exist )VP )VP )S )NP )PP )WHNP (PRN , '' (S (NP he )NP (VP asked )VP )S , )PRN `` (SQ would (NP a *UNK German Democratic Republic )NP (VP have (PP *UNK (NP a capitalist Federal Republic )NP )PP )VP )SQ ? '' )SBARQ  STOP
(S (NP That )NP (VP 's (NP (NP a question )NP (SBAR (S (NP East Germany )NP (VP ca n't (VP answer (ADVP easily )ADVP , (ADVP no matter (SBAR (WHNP what )WHNP (S (NP its new leader )NP (VP does )VP )S )SBAR )ADVP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Miss *UNKC )NP (VP is (NP (NP editorial features editor )NP (PP of (NP The Wall Street *UNKC )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP *UNKC (VP *UNKC (NP (NP billions )NP (PP of (NP dollars )NP )PP (PP in (NP (NP damage claims )NP (PP from (NP the California quake )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S But (NP (NP most businesses )NP (PP in (NP (NP the Bay area )NP , (PP including (NP Silicon Valley )NP )PP , )NP )PP )NP (VP were n't (VP (ADVP greatly )ADVP affected )VP )VP . )S  STOP
(S (NP (NP Computer and software companies )NP (PP in (NP the region )NP )PP )NP (VP are (VP expecting (NP (NP (ADJP virtually no )ADJP long-term disruption )NP (PP in (NP shipments )NP )PP )NP )VP )VP . )S  STOP
(S (ADVP Also )ADVP , (NP investors )NP (VP (ADVP quickly )ADVP singled (PRT out )PRT (NP (NP stocks )NP (PP of (NP (NP companies )NP (VP expected (S (VP to (VP profit or suffer (PP from (NP the disaster )NP )PP )VP )VP )S )VP )NP )PP )NP )VP . )S  STOP
(S (NP *UNKED buy-outs )NP (VP may (VP be (VP *UNKED (PP by (NP (NP two rules )NP (PP in (NP pending congressional legislation )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP The provisions )NP , (PP in (NP (NP deficit-reduction bills )NP (VP (ADVP recently )ADVP passed (PP by (NP the House and Senate )NP )PP )VP )NP )PP , )NP (VP could (VP (VP raise (NP (NP the price *UNK )NP (PP of (NP such deals )NP )PP )NP (PP by (NP (QP up to 10 )QP % )NP )PP )VP and (VP cool (NP the takeover boom )NP )VP )VP )VP . )S  STOP
(S (NP (NP A bill )NP (VP giving (NP the Transportation Department )NP (NP the power (S (VP to (VP block (NP airline leveraged buy-outs )NP )VP )VP )S )NP )VP )NP (VP cleared (NP a House panel )NP )VP . )S  STOP
(S But (NP Secretary Skinner )NP (VP said (SBAR (S (NP he )NP (VP would (VP urge (NP Bush )NP (S (VP to (VP veto (NP the bill )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Housing starts )NP (VP sank (NP 5.2 % )NP (PP in (NP September )NP )PP (PP to (NP a seven-year low )NP )PP )VP . )S  STOP
(S (NP The drop )NP , (PP following (NP (NP a (ADJP 6.2 % )ADJP decline )NP (PP in (NP August )NP )PP )NP )PP , (VP indicates (SBAR (S (NP the industry )NP (VP is (ADVP still )ADVP (VP being (VP hurt (PP by (NP (NP the Fed 's )NP *UNK- battle )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP IBM )NP (VP plans (S (VP to (VP buy (PRT back )PRT (NP (NP (QP $ 1 billion )QP )NP (PP of (NP its common shares )NP )PP )NP , (NP (NP a move )NP (ADJP likely (S (VP to (VP help (NP (NP the computer giant 's )NP battered stock )NP )VP )VP )S )ADJP )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP The buy-back )NP , (SBAR (WHNP which )WHNP (S (VP was n't (NP a complete surprise )NP )VP )S )SBAR , )NP (VP was (VP announced (SBAR after (S (NP the stock market )NP (VP had (VP closed )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP A capital-gains tax cut plan )NP (VP has (VP been (VP worked (PRT out )PRT (PP by (NP Senate Republicans )NP )PP )VP )VP )VP . )S  STOP
(S (NP A similar proposal )NP (VP may (VP be (VP introduced (ADVP soon )ADVP (PP by (NP Senate Democrats )NP )PP )VP )VP )VP . )S  STOP
(S (NP British Airways )NP (VP said (SBAR (S (NP it )NP (VP is (VP seeking (NP (NP improved terms )NP and (NP a (ADJP sharply lower )ADJP price )NP )NP (PP in (NP (NP any revised bid )NP (PP for (NP (NP United Air 's )NP parent )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The British carrier )NP (ADVP also )ADVP (VP confirmed (SBAR (S (NP it )NP (VP is n't (ADJP committed (PP to (S (VP going (ADVP forward )ADVP (PP with (NP any new bid )NP )PP )VP )S )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP UAL 's )NP stock )NP (VP fell (NP $ 6.25 )NP , (PP to (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (NP Stock prices )NP (VP rose (ADVP slightly )ADVP (SBAR as (S (NP trading )NP (VP slowed )VP )S )SBAR , (SBAR while (S (NP bonds )NP (VP ended (S (ADJP little changed )ADJP )S (PP despite (NP a *UNKING dollar )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The Dow Jones industrials )NP (VP gained (NP *UNKN )NP , (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S But (NP investors )NP (VP remain (ADJP wary (PP about (NP stocks )NP )PP )ADJP , (PP (ADVP partly )ADVP because of (NP (NP turmoil )NP (PP in (NP the junk-bond market )NP )PP )NP )PP )VP . )S  STOP
(S (NP B.A.T Industries )NP (VP may (VP delay (NP (NP part )NP (PP of (NP its defensive restructuring plan )NP )PP , (PP including (NP (NP the sale )NP (PP of (NP its Saks Fifth Avenue and Marshall Field units )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP The British conglomerate )NP (VP cited (NP (NP the recent turmoil )NP (PP in (NP financial markets )NP )PP )NP )VP . )S  STOP
(S (NP WCRS Group )NP (VP announced (NP (NP a major restructuring )NP (SBAR (WHNP that )WHNP (S (VP (ADVP largely )ADVP *UNK (NP it )NP (PP from (NP the advertising business )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The London-based concern )NP (VP will (VP sell (NP (NP most )NP (PP of (NP its ad unit )NP )PP )NP (PP to (NP (NP France 's )NP Eurocom )NP )PP )VP )VP . )S  STOP
(S (NP Commodore International )NP (VP expects (S (VP to (VP post (NP its second consecutive quarterly loss )NP (PP because of (NP (NP weak personal computer sales )NP (PP in (NP some markets )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Jaguar )NP (VP hopes (S (VP to (VP reach (NP (NP a friendly accord )NP (PP with (NP General Motors )NP )PP )NP (PP within (NP a month )NP )PP (SBAR (WHNP that )WHNP (S (VP may (VP involve (S (VP producing (NP a cheaper executive model )NP )VP )S )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (S (NP Sears )NP (VP is (VP negotiating (S (VP to (VP *UNK (NP its Sears Tower )NP (PP for (NP (QP close to $ 850 million )QP )NP )PP )VP )VP )S )VP )VP )S , (NP sources )NP (VP said )VP . )S  STOP
(S (NP The retailer )NP (VP was (ADJP unable (S (VP to (VP find (NP (NP a buyer )NP (PP for (NP the building )NP )PP )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP (NP Whitbread )NP (PP of (NP Britain )NP )PP )NP (VP put (NP its spirits division )NP (ADVP up (PP for (NP sale )NP )PP )ADVP , (S (VP setting (PRT off )PRT (NP (NP a scramble )NP (PP among (NP *UNK )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP The business )NP (VP includes (NP *UNKC gin )NP )VP . )S  STOP
(NP Markets -- )NP  STOP
(NP (NP Stocks )NP : (NP (NP Volume )NP (NP *UNKN shares )NP )NP . )NP  STOP
(NP (NP (NP Dow Jones industrials )NP (NP *UNKN )NP , (ADVP up (NP *UNKN )NP )ADVP )NP ; (NP (NP transportation )NP (NP *UNKN )NP , (ADVP off (NP *UNKN )NP )ADVP )NP ; (NP (NP utilities )NP (NP *UNKN )NP , (ADVP off (NP *UNKN )NP )ADVP )NP . )NP  STOP
(NP (NP Bonds )NP : (NP (NP Shearson Lehman Hutton Treasury index )NP (NP *UNKN )NP , (ADVP off )ADVP )NP )NP  STOP
(NP (NP Commodities )NP : (NP (NP (NP Dow Jones futures index )NP (NP *UNKN )NP , (ADVP up (NP *UNKN )NP )ADVP )NP ; (NP (NP spot index )NP (NP *UNKN )NP , (ADVP up (NP *UNKN )NP )ADVP )NP )NP . )NP  STOP
(NP (NP Dollar )NP : (NP (NP (NP 141.45 yen )NP , (ADVP off (NP *UNKN )NP )ADVP )NP ; (NP (NP *UNKN marks )NP , (ADVP off (NP *UNKN )NP )ADVP )NP )NP . )NP  STOP
(S (NP The dollar )NP (VP finished (ADVP softer )ADVP (NP yesterday )NP , (S (VP *UNKED (ADVP lower )ADVP (PP by (NP (NP continued concern )NP (PP about (NP the stock market )NP )PP )NP )PP )VP )S )VP . )S  STOP
(SINV `` (S (NP We )NP (VP 're (VP trading (PP with (NP (NP a (ADJP very wary )ADJP eye )NP (PP on (NP Wall Street )NP )PP )NP )PP )VP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP chief corporate trader )NP (PP at (NP (NP Harris Trust & Savings Bank )NP (PP in (NP New York )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP No one )NP (VP is (ADJP willing (S (VP to (VP place (NP a firm bet (SBAR that (S (NP the stock market )NP (VP wo n't (VP take (NP another *UNK ride )NP )VP )VP )S )SBAR )NP )VP )VP )S )ADJP )VP . '' )S  STOP
(S (S (NP (NP News )NP (PP of (NP (NP the major earthquake )NP (PP in (NP California )NP )PP (NP Tuesday )NP )NP )PP )NP (VP triggered (NP (NP a round )NP (PP of (NP dollar sales )NP )PP (PP in (NP early Asian trade )NP )PP )NP )VP )S , but (S (NP most foreign-exchange dealers )NP (VP said (SBAR (S (NP they )NP (VP expect (S (NP (NP the impact )NP (PP of (NP the quake )NP )PP (PP on (NP financial markets )NP )PP )NP (VP to (VP be (ADJP *UNKED )ADJP )VP )VP )S )VP )S )SBAR )VP )S . )S  STOP
(S (PP Despite (NP (NP the dollar 's )NP lackluster performance )NP )PP , (NP some foreign-exchange traders )NP (VP maintain (SBAR that (S (NP the U.S. unit )NP (VP remains (ADJP (ADVP relatively well )ADVP bid )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Harris Trust 's )NP Mr. *UNKC )NP (VP noted (SBAR that (S (NP the unit )NP (VP continues (S (VP to (VP show (NP *UNK )NP (PP in (NP (NP the face )NP (PP of (NP (NP a *UNK )NP (PP of `` (NP headline *UNK )NP '' )PP (PP in (NP recent weeks )NP )PP , (PP including (NP (NP (NP rate increases )NP (PP in (NP Europe and Japan )NP )PP )NP , (NP aggressive central bank intervention )NP , (NP (NP a 190-point plunge )NP (PP in (NP New York stock prices )NP )PP )NP , (NP an (ADJP unexpectedly poor )ADJP U.S. trade report )NP and (NP (NP action )NP (PP by (NP the Federal Reserve )NP )PP (S (VP to (VP *UNK (NP U.S. rates )NP (ADVP lower )ADVP )VP )VP )S )NP )NP )PP )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (SBAR While (S (NP Mr. *UNKC )NP (VP does n't (VP predict (NP a significant climb )NP (PP for (NP the U.S. unit )NP )PP (PP in (NP (NP light )NP (PP of (NP (NP recent moves )NP (PP in (NP interest rates )NP )PP (PP around (NP the world )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR , (NP he )NP (VP noted (SBAR that `` (S (NP its *UNK potential )NP (VP is (ADJP (ADVP surprisingly and (PRN -- (PP for (NP dollar *UNK )NP )PP -- )PRN `` *UNKLY '' )ADVP limited )ADJP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP late New York trading )NP )PP (NP yesterday )NP , (NP the dollar )NP (VP was (VP (VP quoted (PP at (NP *UNKN marks )NP )PP , (ADVP down (PP from (NP *UNKN marks )NP (NP late Tuesday )NP )PP )ADVP )VP , and (VP (PP at (NP 141.45 yen )NP )PP , (ADVP down (PP from (NP *UNKN yen )NP (NP late Tuesday )NP )PP )ADVP )VP )VP )VP . )S  STOP
(S (NP Sterling )NP (VP was (VP quoted (PP at (NP $ *UNKN )NP )PP , (ADVP up (PP from (NP $ *UNKN )NP (NP late Tuesday )NP )PP )ADVP )VP )VP . )S  STOP
(S (PP In (NP Tokyo )NP )PP (NP Thursday )NP , (NP the U.S. currency )NP (VP opened (PP for (NP trading )NP )PP (PP at (NP *UNKN yen )NP )PP , (ADVP down (PP from (NP (NP (NP Wednesday 's )NP Tokyo close )NP (PP of (NP *UNKN yen )NP )PP )NP )PP )ADVP )VP . )S  STOP
(S (PP Since (NP (NP (NP Friday 's )NP *UNK )NP (PP in (NP stock market prices )NP )PP )NP )PP , (NP the Fed )NP (VP has (VP *UNKED (NP reserves )NP (PP into (NP the banking system )NP )PP (PP in (NP an effort (S (VP to (VP (VP *UNK (NP the markets )NP )VP and (VP *UNK (NP (NP a repeat )NP (PP of (NP (NP 1987 's )NP stock market debacle )NP )PP )NP )VP )VP )VP )S )NP )PP )VP )VP . )S  STOP
(S (NP Some analysts )NP (VP note (SBAR that (S (PP after (NP (NP (NP last week 's )NP stock market tailspin )NP and (NP (NP Tuesday 's )NP California earthquake )NP )NP )PP , (NP (NP it )NP )NP (VP 's (ADJP hard )ADJP (S (VP to (VP gauge (SBAR (WHADVP where )WHADVP (S (NP the central bank )NP (VP wants (S (NP the key federal funds rate )NP )S )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP say (SBAR that (S (NP the earthquake )NP , (PP by (S (VP preventing (NP many banks )NP (PP from (S (VP operating (PP at (NP full capacity )NP )PP )VP )S )PP )VP )S )PP , (VP has (VP given (NP the Fed )NP (NP (NP an additional reason )NP (SBAR (S (VP to (VP keep (NP liquidity )NP (PP at (NP a high level )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The Fed )NP (VP did , (PP in (NP fact )NP )PP , (VP execute (NP (NP (NP (QP $ 1.5 billion )QP )NP (PP of (NP *UNKING customer repurchase agreements )NP )PP )NP , (NP (NP the third set )NP (PP of (NP repurchase orders )NP )PP (PP in (NP three days )NP )PP )NP )NP )VP )VP . )S  STOP
(S (NP Analysts )NP (VP said (SBAR (S (NP the additional liquidity )NP (VP should (VP tend (S (VP to (VP reduce (NP the federal funds rate )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP now )NP )PP , (NP traders )NP (VP say (SBAR (S (NP the foreign exchange market )NP (VP is (VP *UNKING (NP both (NP federal funds )NP and (NP (NP events )NP (PP on (NP Wall Street )NP )PP )NP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP note (SBAR that (S (NP the dollar )NP (VP remains (ADJP extremely vulnerable (PP to (NP (NP the *UNK bad news )NP (PP from (NP the stock exchange )NP )PP )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Indeed )ADVP , (NP the U.S. unit )NP (VP edged (ADVP lower )ADVP (SBAR as (S (NP the Dow Jones Industrial Average )NP (VP dropped (NP (QP about 13 )QP points )NP (PP in (NP early trading )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A slight recovery )NP (PP in (NP the stock market )NP )PP )NP (VP gave (NP currency traders )NP (NP (NP confidence )NP (SBAR (S (VP to (VP push (NP the dollar )NP (ADVP higher )ADVP (SBAR before (S (NP the unit )NP (VP dropped (ADVP back )ADVP (PP by (NP (NP day 's )NP end )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Some dealers )NP (VP noted (SBAR that (S (NP (NP *UNK )NP (PP over (NP (NP the recent sharp dive )NP (PP in (NP stock prices )NP )PP )NP )PP )NP (VP could (VP intensify (PP following (NP (NP suggestions )NP (PP by (NP (NAC Bank (PP of (NP Japan )NP )PP )NAC *UNKC *UNKC *UNKC )NP )PP (SBAR (WHNP that )WHNP (S (VP appeared (S (VP to (VP advise (NP Japanese investors )NP (S (VP to (VP be (ADJP very careful )ADJP (PP in (S (VP investing (PP in (NP U.S. leveraged buy-outs )NP )PP )VP )S )PP )VP )VP )S )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Dealers )NP (VP suggest (SBAR that (S (NP (NP the only positive news )NP (PP on (NP the horizon )NP )PP (SBAR (WHNP that )WHNP (S (VP could (VP *UNK (NP attention )NP (PP from (NP equities transactions )NP )PP )VP )VP )S )SBAR )NP (VP is (NP (NP September 's )NP U.S. consumer price data )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The figures )NP , (ADJP due (PP for (NP release )NP )PP (NP Friday )NP )ADJP , )NP (VP are (VP expected (S (VP to (VP show (NP (NP an *UNK )NP (PP in (NP inflation )NP )PP (PP to (NP 4.8 % )NP )PP (PP from (NP 4.7 % )NP (PP in (NP August )NP )PP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (SBAR If (S (NP the figures )NP (VP show (NP (NP a hefty rise )NP (PP in (NP inflation )NP )PP )NP )VP )S )SBAR , (NP they )NP (VP could (VP *UNK (PP against (NP (NP easing )NP (PP by (NP the Fed )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP On (NP the Commodity Exchange )NP )PP (PP in (NP New York )NP )PP , (NP (NP gold )NP (PP for (NP current delivery )NP )PP )NP (VP rose (NP $ *UNKN )NP (PP to (NP (NP $ *UNKN )NP (NP an ounce )NP )NP )PP (PP in (NP moderate trading )NP )PP )VP . )S  STOP
(S (NP Estimated volume )NP (VP was (NP (QP three million )QP ounces )NP )VP . )S  STOP
(S (PP In (NP early trading )NP )PP (PP in (NP Hong Kong )NP )PP (NP Thursday )NP , (NP gold )NP (VP was (PP at (NP (NP $ *UNKN )NP (NP an ounce )NP )NP )PP )VP . )S  STOP
(S (S (NP *UNKC prices )NP (VP *UNKED (ADVP upward )ADVP (PP in (NP brisk trading )NP )PP (PP on (NP the assumption (SBAR that (S (NP heavy earthquake damage )NP (VP occurred (PP to (NP San Francisco area refinery *UNK )NP )PP )VP )S )SBAR )NP )PP )VP )S , but (S (NP the rise )NP (VP (ADVP quickly )ADVP *UNKED (SBAR (WHADVP when )WHADVP (S (NP (NP it )NP )NP (VP became (ADJP apparent )ADJP (SBAR that (S (NP oil operations )NP (VP were n't (VP (ADVP severely )ADVP *UNKED )VP )VP )S )SBAR )VP )S )SBAR )VP )S . )S  STOP
(S (S (VP Trading (PP on (NP little specific information )NP )PP )VP )S , (NP market players )NP (ADVP overnight )ADVP (PP in (NP Tokyo )NP )PP (VP began (S (VP bidding (ADVP up )ADVP (NP oil prices )NP )VP )S )VP . )S  STOP
(S (NP The rally )NP (VP spread (PP into (NP (NP European markets )NP , (SBAR (WHADVP where )WHADVP (S (NP traders )NP (VP were (ADVP still )ADVP (VP betting (SBAR that (S (NP the earthquake )NP (VP disrupted (NP (NP the San Francisco area 's )NP large oil refining plants )NP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP By (NP yesterday morning )NP )PP , (NP (NP much )NP (PP of (NP the world )NP )PP )NP (VP was (ADVP still )ADVP (ADJP unable (S (VP to (VP reach (NP San Francisco )NP (PP by (NP telephone )NP )PP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP West Texas Intermediate )NP (VP was (VP bid (PRT up )PRT (NP (NP (QP more than 20 )QP cents )NP (NP a barrel )NP )NP (PP in (NP many overseas markets )NP )PP )VP )VP . )S  STOP
(S (PP At (NP (NP the opening )NP (PP of (NP the New York Mercantile Exchange )NP )PP )NP )PP , (NP (NP West Texas Intermediate )NP (PP for (NP November delivery )NP )PP )NP (VP shot (ADVP up )ADVP (NP (NP 10 cents )NP (NP a barrel )NP )NP , (PP to (NP $ *UNKN )NP )PP , (PP (ADVP still )ADVP on (NP the belief (SBAR that (S (NP the *UNK )NP (VP were (VP damaged )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP In (NP the San Francisco area )NP )PP , (NP (NP (NP (QP roughly 800,000 )QP barrels )NP (NP a day )NP (PP of (NP crude )NP )PP )NP , (NP (NP (QP about a )QP third )NP (PP of (NP (NP all the refining capacity )NP (PP in (NP California )NP )PP )NP )PP )NP , )NP (VP is (VP processed (ADVP daily )ADVP , (PP according (PP to (NP industry data )NP )PP )PP )VP )VP . )S  STOP
(S (PP For (NP (NP more )NP (PP than (NP the past year )NP )PP )NP )PP , (NP (NP even the rumor )NP (PP of (NP a major West Coast refinery shutdown )NP )PP )NP (VP has (VP been (ADJP enough (S (VP to (VP spark (NP a futures rally )NP )VP )VP )S )ADJP (SBAR because (S (NP the gasoline market )NP (VP is (ADJP so tight )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S But (NP yesterday )NP , (SBAR as (S (NP the morning )NP (VP wore (ADVP on )ADVP )VP )S )SBAR , (NP (NP some major West Coast refinery operators )NP -- (PP including (NP (NP Chevron Corp. )NP , (NP Exxon Corp. )NP and (NP (NP the Shell Oil Co. unit )NP (PP of (NP Royal *UNKC Group )NP )PP )NP )NP )PP -- )NP (VP said (SBAR (S (NP their *UNK )NP (VP (VP were n't (VP damaged )VP )VP and (VP were (VP continuing (S (VP to (VP operate (ADVP normally )ADVP )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Most )NP (VP said (SBAR (S (NP they )NP (VP (VP shut (PRT down )PRT (NP their petroleum pipeline operations )NP (PP as (NP a *UNK )NP )PP )VP but (VP did n't (VP see (NP any immediate damage )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP *UNKC terminals )NP (VP were (ADVP also )ADVP (ADJP largely *UNK )ADJP )VP )S , (NP they )NP (VP said )VP . )S  STOP
(SINV `` (S (NP (NP It )NP )NP (VP 's (ADJP hard )ADJP (S (VP to (VP imagine (SBAR (WHADVP how )WHADVP (S (NP the markets )NP (VP were (VP *UNKING )VP )VP )S )SBAR )VP )VP )S , (PP given (SBAR that (S (NP nobody )NP (VP could (VP get (PP through (PP to (NP San Francisco )NP )PP )PP )VP )VP )S )SBAR )PP )VP )S , '' (VP said )VP (NP one *UNKED oil company executive )NP . )SINV  STOP
(S (SBAR As (S (NP the news )NP (VP spread (SBAR that (S (NP the *UNK )NP (VP were (ADJP intact )ADJP )VP )S )SBAR )VP )S )SBAR , (NP crude prices )NP (VP plunged , (S (VP ending (NP the day )NP (PP at (NP (NP $ *UNKN )NP (NP a barrel )NP )NP )PP , (ADVP down (NP 19 cents )NP )ADVP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP for (NP November delivery )NP )PP )NP (VP was (ADVP off (NP (NP *UNKN cents )NP (NP a *UNK )NP )NP (PP to (NP *UNKN cents )NP )PP )ADVP )VP . )S  STOP
(S (NP *UNKING oil )NP (VP finished (PP at (NP *UNKN cents )NP )PP , (ADVP down (NP *UNKN cent )NP )ADVP )VP . )S  STOP
(SINV `` (S (NP The market )NP (VP was (ADVP basically )ADVP (VP acting (PP on (NP two *UNK forces )NP )PP )VP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP (PP of (NP Shearson Lehman Hutton Inc )NP )PP )NP . )SINV  STOP
(S `` (NP One )NP (VP is (NP (NP the panic )NP , (NP (NP the earthquake )NP (PP in (NP San Francisco )NP )PP )NP , (SBAR (WHNP which )WHNP (S (VP is (ADJP positive )ADJP )VP )S )SBAR )NP )VP . '' )S  STOP
(S (S But (SBAR once (S (NP that factor )NP (VP was (VP eliminated )VP )VP )S )SBAR , (NP traders )NP (VP (VP took (NP profits )NP )VP and (VP focused (PP on (NP crude oil inventories )NP )PP )VP )VP )S , (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (SBAR After (S (NP the market )NP (VP closed )VP )S )SBAR (NP Tuesday )NP , (NP the American Petroleum Institute )NP (VP had (VP reported (SBAR that (S (NP crude stocks )NP (VP increased (PP by (NP (QP 5.7 million )QP barrels )NP )PP (PP in (NP (NP the week )NP (VP ended (NP Friday )NP )VP , (SBAR (WHNP which )WHNP (S (NP traders )NP (VP viewed (PP as (ADJP bearish )ADJP )PP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S But (NP some market players )NP (ADVP still )ADVP (VP think (SBAR (S (NP earthquake speculation )NP (VP could (VP have (NP (NP more impact )NP (PP on (NP the oil markets )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (NP The problem )NP (VP is (SBAR that (S (SBAR while (S (PP on (NP the surface )NP )PP (NP everything )NP (VP is (ADJP all right )ADJP )VP )S )SBAR , (NP the question )NP (VP is (PRN , '' (SINV (VP said )VP (NP Mr. *UNKC )NP )SINV , )PRN `` (SQ was (NP there )NP (NP (NP any structural damage )NP (PP to (NP (NP the *UNK )NP or (NP (NP anything )NP (ADJP else )ADJP )NP )NP )PP )NP )SQ )VP )S )SBAR )VP . '' )S  STOP
(FRAG (PP In (NP other commodity markets )NP )PP (NP yesterday )NP : )FRAG  STOP
(NP *UNKC : )NP  STOP
(S (NP Futures prices )NP (VP eased (PP on (NP (NP indications )NP (PP of (NP (NP improvement )NP (PP in (NP (NP the industry 's )NP labor situation )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP The December contract )NP (VP declined (NP (NP *UNKN cents )NP (NP a pound )NP )NP (PP to (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (PP According (PP to (NP one analyst )NP )PP )PP , (NP (NP workers )NP (PP at (NP (NP the Cananea copper mine )NP (PP in (NP Mexico )NP )PP , (SBAR (WHNP which )WHNP (S (VP has n't (VP been (VP operating (SBAR since (S (NP it )NP (VP was (VP declared (S (ADJP *UNK )ADJP )S (PP by (NP the Mexican government )NP )PP (PP in (NP late August )NP )PP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR , )NP )PP )NP (VP are (ADJP set (S (VP to (VP return (PP to (NP work )NP )PP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP The analyst )NP (VP said (SBAR (S (NP it )NP (VP will (VP take (NP (QP about two to three )QP months )NP (SBAR before (S (NP the mine )NP (VP begins (S (VP to (VP produce (NP copper )NP (PP in (NP significant quantities )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP added (SBAR that , (S (SBAR while (S (NP there )NP (VP has n't (VP been (NP any official announcement )NP (PP as (NP yet )NP )PP )VP )VP )S )SBAR , (NP (NP the Highland Valley mine strike )NP (PP in (NP British Columbia )NP )PP , (SBAR (WHNP which )WHNP (S (VP has (VP *UNKED (NP (QP more than three )QP months )NP )VP )VP )S )SBAR , )NP (VP is (VP regarded (SBAR as (S (VP settled )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Another analyst )NP (VP said (SBAR (S (NP (NP the Cananea return )NP (PP to (NP operation )NP )PP )NP (VP may not (VP be (ADVP (ADVP as near )ADVP (SBAR as (S (NP some )NP (VP expect )VP )S )SBAR )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP There )NP (VP are (ADVP still )ADVP (NP (NP negotiations )NP (VP taking (NP place )NP (PP on (SBAR whether (S (NP there )NP (VP will (VP be (NP (NP a loss )NP (PP of (NP jobs )NP )PP , (SBAR (WHNP which )WHNP (S (VP has (VP been (NP a critical issue )NP (ADVP all along )ADVP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )PP )VP )NP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (S (ADVP Nevertheless )ADVP , (NP the increasing likelihood (SBAR that (S (NP these two major supply disruptions )NP (VP will (VP be (VP resolved )VP )VP )VP )S )SBAR )NP (VP *UNKED (PP on (NP the market )NP )PP )VP )S , (NP the analysts )NP (VP agreed )VP . )S  STOP
(S (NP (NP Both )NP (PP of (NP these mines )NP )PP )NP (VP are (ADVP normally )ADVP (NP (NP major suppliers )NP (PP of (NP copper )NP )PP (PP to (NP (NP Japan )NP , (SBAR (WHNP which )WHNP (S (VP has (VP been (VP buying (NP copper )NP (PP on (NP the world market )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP The first analyst )NP (VP said (SBAR (SBAR that (S (NP (NP the Japanese )NP , (CONJP as well as )CONJP (NP the Chinese )NP )NP , (VP bought (NP copper )NP (ADVP earlier (PP in (NP the week )NP )PP )ADVP (PP in (NP London )NP )PP )VP )S )SBAR , but (SBAR that (S (NP this purchasing )NP (VP has (ADVP since )ADVP (VP *UNKED (SBAR as (S (NP the supply situation )NP , (PP (ADVP at least )ADVP over (NP the long term )NP )PP , (VP appears (S (VP to (VP have (VP improved )VP )VP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S `` (S (S (NP The focus )NP (PP for (NP some time )NP )PP (VP has (VP been (PP on (NP the copper supply )NP )PP )VP )VP )S , and (S (NP good demand )NP (VP has (VP been (VP taken (SBAR for (S (VP granted )VP )S )SBAR )VP )VP )VP )S )S , '' (NP he )NP (VP said )VP . )S  STOP
(S `` (SBAR Now that (S (NP the supply situation )NP (VP seems (S (VP to (VP be (VP improving )VP )VP )VP )S )VP )S )SBAR , (NP (NP it )NP )NP (VP would (VP be (ADJP best )ADJP (SBAR for (S (NP traders )NP (VP to (VP switch (NP their *UNK )NP (PP to (NP the demand side )NP )PP )VP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP He )NP (VP noted (NP (NP the Commerce Department report )NP (NP yesterday )NP (SBAR that (S (NP housing starts )NP (PP in (NP September )NP )PP (VP dropped (NP 5.2 % )NP (PP from (NP August )NP )PP (PP to (NP (NP (NP (QP *UNKN million )QP units )NP (PP on (NP an annualized basis )NP )PP )NP , (NP (NP the lowest level )NP (PP in (NP seven years )NP )PP )NP )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S `` (S (PP Along (PP with (NP these factors )NP )PP )PP , (NP other economic reports )NP (VP suggest (NP (NP a slowing )NP (PP of (NP the economy )NP )PP , (SBAR (WHNP which )WHNP (S (VP could (VP mean (NP reduced copper *UNK )NP )VP )VP )S )SBAR )NP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(NP *UNKC : )NP  STOP
(S (NP Futures prices )NP (VP extended (NP (NP Tuesday 's )NP gains )NP )VP . )S  STOP
(S (NP The March delivery )NP (VP ended (PP with (NP (NP an advance )NP (PP of (NP (NP *UNKN cent )NP (NP a pound )NP )NP )PP (PP to (NP *UNKN cents )NP )PP )NP )PP , (PP for (NP (NP a two-day gain )NP (PP of (NP 0.3 cent )NP )PP )NP )PP )VP . )S  STOP
(S (PP According (PP to (NP one dealer )NP )PP )PP , (NP Japan )NP (VP said (SBAR (S (NP it )NP (VP has (NP (NP (QP only 40,000 )QP tons )NP (PP of (NP sugar )NP )PP (VP remaining (S (VP to (VP be (VP shipped (PP to (NP it )NP )PP (NP this year )NP (PP by (NP Cuba )NP )PP )VP )VP )VP )S )VP )NP (PP under (NP current commitments )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The announcement )NP (VP was (VP made (PP because of (NP (NP reports )NP (NP Tuesday )NP (SBAR that (S (NP Cuba )NP (VP would (VP delay (NP (NP shipments )NP (PP to (NP Japan )NP )PP (VP scheduled (PP for (NP later this year )NP )PP )VP )NP , (PP into (NP early next year )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP The dealer )NP (VP said (SBAR (S (NP (NP the *UNK )NP (VP mentioned (PP in (NP the Japanese announcement )NP )PP )VP )NP (VP is (ADJP (ADJP so small )ADJP (SBAR that (S (NP it )NP (VP 's (ADJP *UNK )ADJP )VP )S )SBAR )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP One analyst )NP (VP said (SBAR (S (NP he )NP (VP thought (SBAR (S (NP the market )NP (VP continued (S (VP to (VP be (VP supported (PP to (NP some degree )NP )PP (PP by (NP (NP a delay )NP (PP in (NP the Cuban sugar harvest )NP )PP (VP caused (PP by (NP adverse weather )NP )PP )VP )NP )PP )VP )VP )VP )S )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP The dealer )NP (VP said (SBAR (S (NP India )NP (VP might (VP be (NP (NP the real factor )NP (SBAR (WHNP that )WHNP (S (VP is (VP keeping (S (NP futures prices )NP (ADJP firm )ADJP )S )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP That country )NP (VP (VP (ADVP recently )ADVP bought (NP (NP 200,000 tons )NP (PP of (NP sugar )NP )PP )NP )VP and (VP had (VP been (VP expected (S (VP to (VP (VP seek (NP a like *UNK )NP (NP last week )NP )VP but (VP did n't )VP )VP )VP )S )VP )VP )VP )VP . )S  STOP
(S `` (S (S (NP (NP It )NP )NP (VP 's (VP known (SBAR (S (NP they )NP (VP need (NP the sugar )NP )VP )S )SBAR )VP )VP )S , and (S (NP the expectation (SBAR that (S (NP they )NP (VP will (VP come (ADVP in )ADVP )VP )VP )S )SBAR )NP (VP is (ADVP apparently )ADVP (VP giving (NP the market )NP (NP its principal support )NP )VP )VP )S )S , '' (NP the dealer )NP (VP said )VP . )S  STOP
(NP *UNKC AND *UNKC : )NP  STOP
(SINV (S (NP The Agriculture Department )NP (VP is (VP expected (S (VP to (VP announce (NP tomorrow )NP (SBAR that (S (NP (NP the number )NP (PP of (NP cattle )NP )PP (PP in (NP the 13 major *UNK states )NP )PP )NP (VP slipped (NP 4 % )NP (PP to (NP *UNKN million )NP )PP (PP on (NP Oct. 1 )NP )PP (PP compared (PP with (NP (NP the level )NP (ADVP (NP a year )NP earlier )ADVP )NP )PP )PP )VP )S )SBAR )VP )VP )S )VP )VP )S , (VP said )VP (NP (NP Tom Morgan )NP , (NP (NP president )NP (PP of (NP (NP Sterling Research Corp. )NP , (NP (NP *UNKC *UNKC )NP , (NP Ill )NP )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP *UNKC prices )NP (VP have (VP risen (PP in (NP recent weeks )NP )PP (PP on (NP speculation (SBAR that (S (NP (NP the government 's )NP quarterly report )NP (VP will (VP signal (NP (NP tighter supplies )NP (PP of (NP beef )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (PP Among (NP other things )NP )PP , (NP the government )NP (VP is (VP expected (S (VP to (VP report (SBAR that (S (NP (NP the number )NP (PP of (NP (NP young cattle )NP (VP placed (PP on (NP *UNK )NP )PP (PP during (NP the quarter )NP )PP )VP )NP )PP )NP (VP slipped (NP 3 % )NP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP *UNK (NP cattle )NP (PP for (NP *UNK )NP )PP )VP )S , so (S (NP a drop )NP (VP indicates (SBAR that (S (NP (NP the production )NP (PP of (NP beef )NP )PP )NP (VP will (VP *UNK (NP this winter )NP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (ADVP Indeed )ADVP , (NP some analysts )NP (VP expect (S (NP the government )NP (VP to (VP report (SBAR that (S (NP (NP the movement )NP (PP of (NP young cattle )NP )PP (PP onto (NP *UNK )NP )PP (PP in (NP (NP the month )NP (PP of (NP September )NP )PP )NP )PP (PP in (NP seven big *UNK states )NP )PP )NP (VP dropped (NP 8 % )NP (PP compared (PP with (NP (NP the level )NP (PP for (NP September 1988 )NP )PP )NP )PP )PP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP The following issues )NP (VP were (ADVP recently )ADVP (VP filed (PP with (NP the Securities and Exchange Commission )NP )PP )VP )VP : )S  STOP
(NP (NP Health Care Property Investors Inc. )NP , (NP (NP offering )NP (PP of (NP (NP *UNKN shares )NP (PP of (NP common stock )NP )PP )NP )PP , (PP via (NP (NP Merrill Lynch Capital Markets )NP , (NP Alex . Brown & Sons Inc. )NP and (NP Dean Witter Reynolds Inc )NP )NP )PP )NP . )NP  STOP
(NP (NP Union Pacific Corp. )NP , (NP (NP shelf offering )NP (PP of (NP (NP (QP up to $ 500 million )QP )NP (NP (NP debt securities )NP and (NP warrants )NP )NP )NP )PP )NP . )NP  STOP
(NP (NP United Technologies Corp. )NP , (NP (NP shelf offering )NP (PP of (NP (NP (QP up to $ 500 million )QP )NP (NP *UNKED *UNK- unsecured debt securities )NP )NP )PP )NP . )NP  STOP
(S (NP (NP A new drug )NP (SBAR (S (VP to (VP prevent (NP (NP the rejection )NP (PP of (NP *UNKED *UNK )NP )PP )NP )VP )VP )S )SBAR )NP (VP has (VP been (VP (ADVP successfully )ADVP used (PP on (NP (QP more than 100 )QP patients )NP )PP (PP at (NP (NP the University )NP (PP of (NP Pittsburgh )NP )PP )NP )PP , (PP according (PP to (NP researchers )NP )PP )PP )VP )VP )VP . )S  STOP
(S (S (NP (NP The drug )NP , (SBAR (WHNP which )WHNP (S (VP is (ADVP still )ADVP (PP in (NP the experimental phase )NP )PP )VP )S )SBAR , )NP (VP has n't (VP been (VP approved (ADVP yet )ADVP (PP by (NP the Food and Drug *UNKC )NP )PP )VP )VP )VP )S , and (S (NP its long-term effects )NP (VP are (ADJP unknown )ADJP )VP )S . )S  STOP
(S But (NP researchers )NP (VP say (SBAR (S (NP (NP the drug )NP , (VP called (S (NP *UNKC )NP )S )VP , )NP (VP could (VP *UNK (NP the *UNK field )NP (PP (PP by (S (VP reducing (NP *UNK side effects )NP )VP )S )PP and (PP by (S (VP lowering (NP rejection rates )NP )VP )S )PP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP has (VP been (NP the major obstacle )NP (PP in (NP (NP the (QP approximately 30,000 )QP *UNK *UNK )NP (VP performed (ADVP world-wide )ADVP (NP each year )NP )VP )NP )PP )VP )VP . )S  STOP
(S (NP Researchers )NP (VP began (S (VP using (NP the drug )NP )VP )S (PP in (NP February )NP )PP (PP on (NP (NP patients )NP (SBAR (WHNP who )WHNP (S (VP had (VP received (NP kidney , *UNK , heart and *UNK *UNK )NP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (QP Only two of 111 )QP *UNK )NP (VP have (VP been (VP rejected )VP )VP )VP . )S  STOP
(S (NP (NP The drug )NP , (VP discovered (PP in (NP 1984 )NP )PP )VP , )NP (VP is (VP *UNKED (PP from (NP (NP soil *UNK )NP (VP found (PP in (NP Japan )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (NP The Pittsburgh patients )NP (VP are (NP (NP the first humans )NP (SBAR (S (VP to (VP be (VP given (NP (NP the drug )NP , (SBAR (WHNP which )WHNP (S (VP is (VP made (PP by (NP *UNKC Pharmaceutical Co )NP )PP )VP )VP )S )SBAR )NP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP 're (VP shocked (PP by (NP it )NP )PP )VP )VP , (SBAR because (S (NP it )NP (VP 's (VP worked (ADVP so fast )ADVP )VP )VP )S )SBAR )S , '' (VP said )VP (NP (NP Dr. Thomas E. *UNKC )NP , (NP (NP director )NP (PP of (NP the (NAC University (PP of (NP Pittsburgh )NP )PP )NAC *UNKC Program )NP )PP )NP , )NP (PP at (NP a news conference )NP )PP (ADVP here )ADVP (NP yesterday )NP . )SINV  STOP
(SINV `` (S (NP We )NP (VP consider (S (NP it )NP (NP (NP a *UNKING drug )NP , (PP like (NP (NP one )NP (PP for (NP AIDS )NP )PP )NP )PP )NP )S )VP )S , '' (VP said )VP (NP (NP Dr. John *UNKC )NP , (NP (NP an *UNK )NP (PP at (NP (NP the University )NP (PP of (NP Pittsburgh )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP Researchers )NP (VP say (SBAR (S (NP they )NP (VP believe (SBAR (S (NP *UNKC )NP (VP is (ADJP (ADJP (QP 100 times )QP more effective )ADJP (PP than (NP (NP the traditional *UNK- drug )NP , (NP *UNK )NP , (VP made (PP by (NP Swiss pharmaceutical giant *UNKC Ltd )NP )PP )VP )NP )PP )ADJP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP are (ADVP also )ADVP (VP encouraged (PP by (NP (NP the (ADJP relatively mild )ADJP side effects )NP (PP of (NP *UNKC )NP )PP , (PP compared (PP with (NP (NP *UNK )NP , (SBAR (WHNP which )WHNP (S (VP can (VP cause (NP (NP *UNK failure )NP , (NP *UNK )NP , (NP *UNK )NP and (NP other problems )NP )NP )VP )VP )S )SBAR )NP )PP )PP )NP )PP )VP )VP . )S  STOP
(S `` (S (NP (NP The side effects )NP (PRN -LCB- (PP of (NP *UNK )NP )PP -RCB- )PRN )NP (VP have (VP made (S (NP (NP the penalty )NP (PP for (NP its success )NP )PP )NP (ADJP rather high )ADJP )S )VP )VP )S , '' (NP Dr. *UNKC )NP (VP said )VP . )S  STOP
(S (NP Dr. *UNKC )NP (VP said (SBAR (SBAR that (S (NP *UNKC )NP (VP would not (VP be (ADJP available )ADJP (PP in (NP the market )NP )PP (PP for (NP (QP at least a )QP year )NP )PP )VP )VP )S )SBAR , and (SBAR that (S (NP the FDA approval process )NP (ADVP usually )ADVP (VP takes (NP (NP three years )NP to (NP five years )NP )NP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP There )NP (VP are (NP no firm plans (S (VP to (VP expand (NP the experimental program )NP (PP beyond (NP (NP (NP the University )NP (PP of (NP Pittsburgh )NP )PP )NP , (SBAR (WHNP whose hospital )WHNP (S (VP *UNK (NP (NP the most transplants )NP (PP in (NP the world )NP )PP )NP )VP )S )SBAR )NP )PP )VP )VP )S )NP )VP . )S  STOP
(S (S (NP Researchers )NP (VP could n't (VP estimate (NP (NP the cost )NP (PP of (NP the drug )NP )PP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP reaches (NP the market )NP )VP )S )SBAR )NP )VP )VP )S , but (S (NP they )NP (VP said (SBAR (S (NP *UNKC )NP (VP will (VP (VP enable (S (NP patients )NP (VP to (VP cut (NP hospital stays )NP (PP by (NP 50 % )NP )PP )VP )VP )S )VP and (VP reduce (NP (NP the number )NP (PP of (NP (NP blood tests )NP (VP used (S (VP to (VP monitor (NP (NP the *UNK )NP (PP of (NP (NP *UNK )NP and (NP other drugs )NP )NP )PP )NP )VP )VP )S (PP among (NP *UNK *UNK )NP )PP )VP )NP )PP )NP )VP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP Dr. *UNKC )NP (VP said (SBAR (SBAR (S (NP the research )NP (VP has (VP been (ADVP largely )ADVP (VP financed (PP (PP by (NP (NP the National Institute )NP (PP of (NP Health )NP )PP )NP )PP and (PP by (NP university funds )NP )PP )PP )VP )VP )VP )S )SBAR , and (SBAR that (S (NP *UNKC )NP (VP did n't (VP give (NP the hospital )NP (NP any grants )NP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR that (S (NP the research team )NP (VP had (NP (NP no financial stake )NP (PP in (NP the drug )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S `` (S (S (NP We )NP (VP 've (VP known (PP for (NP six months )NP )PP (NP (NP the effect )NP (PP of (NP this drug )NP )PP )NP )VP )VP )S , and (S (NP (NP our advice )NP (PP to (NP our people )NP )PP )NP (VP has (VP been (S not (VP to (VP buy (NP (NP the company 's )NP stock )NP )VP )VP )S )VP )VP )S )S , '' (NP Dr. *UNKC )NP (VP said , (S (VP adding (SBAR that (S (S (VP *UNKING (PP from (NP *UNKC )NP )PP )VP )S (VP would n't (VP be (ADJP ethical )ADJP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP (NP (NP *UNKC David N. *UNKC 's )NP Sept. 27 *UNK- article )NP , `` (FRAG (PP In (NP (NP Hugo 's )NP *UNKC )NP )PP , (NP a *UNKC *UNKC )NP , '' )FRAG )NP (VP *UNK (NP (NP the control )NP (PP of (NP price *UNKING )NP )PP , (VP (ADVP swiftly )ADVP ordered (PP by (NP (NP South Carolina 's )NP governor )NP )PP (PP after (NP Hurricane Hugo )NP )PP )VP )NP )VP . )S  STOP
(S (PP According (PP to (NP Mr. *UNKC )NP )PP )PP , (S (VP `` *UNKING '' (PP for (NP price controls )NP )PP )VP )S (VP occurs (SBAR (WHADVP when )WHADVP (S (NP income *UNK )NP `` (VP threatens (S (VP to (VP hit (NP home )NP )VP )VP )S )VP )S )SBAR )VP . '' )S  STOP
(S (S (VP To (VP be (ADJP sure )ADJP )VP )VP )S , (NP the threat )NP (VP has (VP hit (NP home )NP (ADVP down here )ADVP )VP )VP . )S  STOP
(S Yet (PP in (NP (NP (NP Mr. Laband 's )NP *UNK )NP (PP of (NP free-market logic )NP )PP )NP )PP , (NP (NP human *UNKED )NP and (NP *UNK- )NP )NP (VP are (NP the only *UNK psychological reactions )NP )VP . )S  STOP
(S (S (VP *UNKING (NP (NP *UNKED prices )NP (PP for (NP *UNK )NP )PP )NP )VP )S (VP would (ADVP indeed )ADVP (VP *UNK (NP (NP the lines )NP (PP at (NP stores )NP )PP )NP , (SBAR as (S (NP he )NP (VP contends )VP )S )SBAR )VP )VP . )S  STOP
(FRAG But not (SBAR because (S (NP resources )NP (VP are (VP going (PP to (NP their (ADJP most efficient )ADJP use )NP )PP , (S (VP leaving (S (NP scarce goods )NP `` (VP allocated (PP to (NP (NP those buyers )NP (SBAR (WHNP who )WHNP (S (VP place (NP the highest value )NP (PP on (NP them )NP )PP )VP )S )SBAR )NP )PP )VP )S )VP )S )VP )VP )S . '' )SBAR )FRAG  STOP
(S (ADVP Rather )ADVP , (NP lines )NP (VP would (VP *UNK (SBAR because (S (PP at (NP higher prices )NP )PP (NP many victims )NP (VP could not (VP afford (NP (NP *UNK )NP (PP such as (NP (NP food )NP and (NP medical supplies )NP )NP )PP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP is (ADJP *UNK )ADJP (S (VP to (VP *UNKLY (SBAR that (S (NP a poor , *UNKED woman )NP (VP can not (VP receive (NP (NP immediate relief )NP (PP for (NP her family )NP )PP )NP (PP at (NP fair prices )NP )PP (SBAR because (S (NP she )NP (VP does not (VP have (NP (NP as much )NP (SBAR (S (VP to (VP protect )VP )VP )S )SBAR (PP as (NP a rich family )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP (NP essential relief supplies )NP (PP such as (NP ice )NP )PP )NP (VP must (VP be (VP distributed (PP throughout (NP the population )NP )PP (PP because of (NP (NP (NP potential health problems )NP (PP from (NP *UNKED food )NP )PP )NP and (NP (NP possible *UNK )NP (PP of (NP disease )NP )PP )NP )NP )PP )VP )VP )VP . )S  STOP
(S (NP Such *UNK effects )NP (VP give (NP the state )NP (NP a right (S (VP to (VP (VP *UNK (PP in (NP the marketplace )NP )PP )VP and (VP (ADVP temporarily )ADVP coordinate (NP (NP allocation )NP (PP of (NP resources )NP )PP )NP )VP )VP )VP )S )NP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP *UNK and charities )NP (VP are not (VP *UNKED (PP (PP by (NP *UNK- )NP )PP , but (PP by (NP *UNK )NP )PP )PP )VP )VP . )S  STOP
(SBARQ (WHADVP Why )WHADVP (SQ should (NP they )NP (VP have (S (VP to (VP *UNK- (PP with (NP (NP *UNK )NP (VP rushing (ADVP in )ADVP (S (VP to (VP turn (NP a quick profit )NP )VP )VP )S )VP )NP )PP )VP )VP )S )VP )SQ ? )SBARQ  STOP
(S (NP These *UNK- *UNK )NP (VP would (VP be (ADJP *UNKED (S (VP to (VP take (NP advantage )NP (PP of (NP the situation )NP )PP )VP )VP )S )ADJP , (SBAR if (S (NP they )NP (ADVP ever )ADVP (VP expect (S (VP to (VP face (NP (NP the people )NP (PP of (NP South Carolina )NP )PP )NP (ADVP again )ADVP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The government )NP (VP is (ADVP actually )ADVP (VP protecting (NP (NP (NP *UNK *UNK- )NP and (NP other *UNK )NP )NP (SBAR (WHNP who )WHNP (S (VP can not (VP see (PP beyond (NP their own short-term gain )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP South Carolina )NP (VP deserves (NP an A )NP (PP for (NP its (ADJP quick and timely )ADJP relief efforts )NP )PP )VP . )S  STOP
(S (NP Mr. Laband )NP , (ADVP meanwhile )ADVP , (VP gets (NP an A )NP (PP for (NP (NP his *UNK *UNK )NP (PP of (NP *UNK- arguments )NP )PP )NP )PP )VP . )S  STOP
(S (VP *UNKC (NP him )NP (NP an *UNK )NP (PP for (NP his failure (S (VP to (VP understand (NP (NP the ethics )NP (PP of (NP economic equity )NP )PP )NP )VP )VP )S )NP )PP )VP . )S  STOP
(S (VP *UNKED (PP by (NP 25 students )NP )PP )VP )S  STOP
(FRAG (PP Of (NP (NP Douglas *UNKC 's )NP *UNKC Economics Class )NP )PP , )FRAG  STOP
(NP (NP University )NP (PP of (NP South Carolina )NP )PP )NP  STOP
(NP (NP Columbia )NP , (NP S.C )NP . )NP  STOP
(S (NP Mr. Laband )NP (VP gives (NP us )NP (NP (NP an idea )NP (SBAR (WHADVP why )WHADVP (S (NP (NP economists ' )NP predictions )NP (VP are (ADVP usually )ADVP (ADJP wrong )ADJP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP They )NP (VP (VP set (PRT up )PRT (NP (NP *UNK situations )NP , (VP *UNKED (PP from (NP reality )NP )PP )VP , )NP )VP and then (VP try (S (VP to (VP reason (PP from (NP them )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP I )NP (VP 'm (ADJP surprised (SBAR (S (NP he )NP (VP did n't (VP advocate (S (VP letting (S (NP people )NP (VP *UNK )VP )S , (SBAR since (S (S (NP that behavior )NP (VP can (ADVP also )ADVP (VP be (VP *UNK (PP in (NP a disaster )NP )PP )VP )VP )VP )S and `` (S (NP every individual )NP (VP has (NP an incentive (S (VP to (VP alter (NP (NP the distribution )NP (PP of (NP income )NP )PP )NP (PP in (NP his favor )NP )PP )VP )VP )S )NP )VP )S )S )SBAR )VP )S )VP )VP )S )SBAR )ADJP )VP . '' )S  STOP
(S (NP Price controls )NP (VP were (VP `` (ADVP so *UNKLY )ADVP embraced (PP by (NP Charleston )NP )PP '' (SBAR because (S (NP price *UNKING )NP (PP in (NP this situation )NP )PP (VP is (ADJP equivalent (PP to (NP *UNKING )NP )PP )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(NP *UNKC Foster )NP  STOP
(NP (NP *UNKC )NP , (NP Va )NP . )NP  STOP
(S (NP Mr. Laband )NP (VP described (NP (NP (NP one )NP (PP of (NP (NP the (ADJP more *UNK )ADJP threats )NP (SBAR (S (NP we )NP (VP face (SBAR (WHADVP when )WHADVP (S (VP dealing (PP with (NP (NP disasters )NP (PP such as (NP Hugo )NP )PP )NP )PP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP -- (NP (NP *UNKING *UNK )NP (PP such as (NP (NP that )NP (PP by (NP the Charleston City Council )NP )PP (SBAR as (S (NP it )NP (VP *UNKED (ADVP about )ADVP (S (VP trying (S (VP to (VP Do (NP *UNKING )NP )VP )VP )S )VP )S )VP )S )SBAR )NP )PP )NP )NP )VP . )S  STOP
(S (SBAR Since (S (NP he )NP (VP concentrated (PP on (NP (NP the economic *UNKLY )NP (PP of (NP such *UNK )NP )PP )NP )PP )VP )S )SBAR , (NP he )NP (VP did n't (VP mention (NP (NP certain other )NP (PP of (NP their effects )NP )PP )NP )VP )VP . )S  STOP
(S (NP They )NP (VP *UNK (NP *UNK- resources )NP (PP at (NP (NP a time )NP (SBAR (S (NP they )NP (VP are (VP (ADVP most )ADVP needed (PP for (S (VP protecting (NP lives and property )NP )VP )S )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (ADVP Also )ADVP , (SBAR rather than (S (VP increase (NP supplies )NP )VP )S )SBAR , (NP they )NP (VP (VP reduce (NP them )NP )VP and (VP encourage (NP *UNKING )NP )VP )VP . )S  STOP
(S And (NP (NP they )NP , or even (NP (NP the prospect )NP (PP of (NP them )NP )PP )NP , )NP (VP *UNK (NP (NP disaster *UNK )NP (PP in (NP (NP the form )NP (PP of (NP (NP *UNK advance *UNKING )NP (PP of (NP supplies )NP )PP (PP by (NP merchants )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(NP N. Joseph *UNKC )NP  STOP
(NP (NP Miami *UNKC )NP , (NP Fla )NP . )NP  STOP
(SQ *UNKC (NP Mr. Laband )NP (ADVP also )ADVP (VP suggest (SBAR that (S (NP the (NX (NX Red Cross )NX , (NX *UNKC Army )NX , (NX military units )NX , (NX police )NX , (NX fire departments )NX , (NX rescue units )NX and (NX individual citizens )NX )NX )NP (VP cease (NP their efforts (S (VP to (VP assist (NP (NP Hugo 's )NP victims )NP )VP )VP )S )NP (SBAR because (S (NP they )NP (VP interfere (PP with (NP (NP his concept )NP (PP of (NP the `` free market '' )NP )PP )NP )PP )VP )S )SBAR )VP )S )SBAR )VP ? )SQ  STOP
(SBAR What about (NP (NP those *UNKING people )NP (PP all over (NP the country )NP )PP (SBAR (WHNP who )WHNP (S (VP are (VP *UNKING (NP (NP food )NP , (NP water )NP and (NP (NP other *UNK )NP (PP of (NP life )NP )PP )NP )NP (PP to (NP (NP these people )NP (SBAR (WHNP who )WHNP (S (VP could (VP be (NP (NP any )NP (PP of (NP us )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP ? )SBAR  STOP
(SQ Should (NP they )NP , (ADVP too )ADVP , (VP stop (S (VP `` *UNKING (PP with '' (NP his free market )NP )PP )VP )S )VP ? )SQ  STOP
(S (ADVP Maybe )ADVP (NP he )NP (VP thinks (SBAR (S (NP they )NP (VP should (ADVP also )ADVP (VP sell (PP to (NP the highest bidder )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(FRAG And (SBAR what about (NP insurance firms )NP )SBAR ? )FRAG  STOP
(SQ Should (NP they )NP (VP be (VP required (S (VP to (VP pay (NP (NP claims )NP (PP based (PP on (NP (NP *UNK costs )NP (PP for (NP labor and materials )NP )PP )NP )PP )PP )NP )VP )VP )S )VP )VP ? )SQ  STOP
(S (NP Mr. Laband )NP (VP should (VP *UNK , (SBAR since (S (NP he )NP (VP lives (PP in (NP South Carolina )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP a free market )NP )PP , (NP his insurance rates )NP (VP can (VP be (VP raised (S (VP to (VP recover (NP *UNK- losses )NP )VP )VP )S )VP )VP )VP . )S  STOP
(NP John W. *UNKC )NP  STOP
(NP (NP *UNKC )NP , (NP *UNK )NP . )NP  STOP
(S (S (VP Having (VP been (PP through (NP several *UNK and *UNK )NP )PP )VP )VP )S , (NP I )NP (VP have (NP a different perspective )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP comes (PP from (S (VP seeing (S (S (NP *UNKING communities )NP (VP *UNKED )VP )S -- but (FRAG (ADVP only temporarily )ADVP )FRAG )S )VP )S )PP )VP . )S  STOP
(S (NP Their recovery )NP (VP came (UCP (ADVP surprisingly fast )ADVP , and (ADVP always )ADVP (PP with (NP (NP the help )NP (PP of (NP neighbors )NP )PP )NP )PP )UCP )VP . )S  STOP
(S (NP (NP The shock )NP (PP of (S (VP seeing (S (S (NP homes )NP (VP destroyed )VP )S and (S (NP city services )NP (VP disrupted )VP )S )S )VP )S )PP )NP (VP may (VP cause (S (NP some )NP (VP to (VP *UNK (NP (NP priorities )NP (PP such as (NP (NP the true economic value )NP (PP of (NP (NP a *UNK )NP (ADJP full (PP of (NP meat )NP )PP )ADJP )NP )PP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP In (NP Texas )NP )PP (PP after (NP Hurricane *UNKC )NP )PP , (NP major grocery chains )NP (VP used (NP their truck *UNK )NP (S (VP to (VP ship (NP essential goods )NP (PP to (NP Houston )NP )PP , (NP (NP no *UNKING )NP , just (NP good will )NP )NP )VP )VP )S )VP . )S  STOP
(NP Tom *UNKC )NP  STOP
(NP (NP *UNKC )NP , (NP Texas )NP )NP  STOP
(S (NP We )NP (ADVP here (PP in (NP the affected areas )NP )PP )ADVP (VP were (VP *UNKED (PP by (NP (NP (NP (NP Mr. Laband 's )NP analysis )NP (PP of (NP time values )NP )PP )NP and (NP (NP his comparisons )NP (PP of (NP effectiveness )NP )PP (PP concerning (NP research and development )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP His *UNK approach )NP and (NP (NP its publication )NP (PP in (NP this *UNK paper )NP )PP )NP )NP (VP are (NP no doubt )NP (NP a *UNK *UNK )NP (PP for (NP him )NP )PP )VP . )S  STOP
(FRAG (ADJP Too bad )ADJP (S (NP theory )NP (VP fails (PP in (NP practice )NP )PP )VP )S . )FRAG  STOP
(S (NP (NP We )NP (NP consumers )NP )NP (VP tend (S (VP to (VP have (NP long memories )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP The businesses )NP (VP *UNKING (PP to (NP (NP Mr. Laband 's )NP effective price system )NP )PP )VP )NP (VP will (VP be (VP *UNKED (SBAR (WHADVP when )WHADVP (S (NP *UNK )NP (VP returns )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (ADVP Perhaps )ADVP , (S (VP considering (NP (NP the value )NP (PP of (NP our time )NP )PP )NP )VP )S , (NP we )NP (VP will (VP be (ADJP unable (S (VP to (VP *UNK (NP their *UNK )NP )VP )VP )S )ADJP (PP in (NP the *UNK- era )NP )PP )VP )VP . )S  STOP
(S (NP I )NP (VP have (NP (NP a question )NP (PP for (NP Mr. Laband )NP )PP : (SBARQ (WHADVP How )WHADVP (SQ do (NP I )NP (VP explain (PP to (NP (NP the single mother )NP (PP of (NP three )NP )PP (VP standing (PP in (NP line )NP )PP (ADVP next (PP to (NP me )NP )PP )ADVP (PP for (NP the past three hours )NP )PP )VP )NP )PP (SBAR that (S (NP (NP the two bags )NP (PP of (NP ice )NP )PP (SBAR (S (NP she )NP (VP needs (S (VP to (VP keep (S (NP (NP her children 's )NP food )NP (ADJP *UNK )ADJP )S )VP )VP )S )VP )S )SBAR )NP (VP will (VP take (NP her last $ 20 )NP )VP )VP )S )SBAR )VP )SQ ? )SBARQ )NP )VP )S  STOP
(S (NP I )NP (VP 'm (ADJP sure (SBAR (S (NP she )NP (VP 'll (VP appreciate (SBAR (WHNP (WHNP what an efficient reaction )WHNP (PP to (NP her problems )NP )PP )WHNP (S (NP the price system )NP (VP has (VP created )VP )VP )S )SBAR )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(NP Chris *UNKC )NP  STOP
(NP (NP *UNKC Beach )NP , (NP S.C )NP . )NP  STOP
(S (NP This )NP (VP seems (S (VP to (VP be (NP (NP the season )NP (PP for (NP *UNK )NP )PP )NP )VP )VP )S (PP in (NP Chicago )NP )PP )VP . )S  STOP
(S (SBAR Though (S (NP (NP the *UNKC ' )NP *UNK season )NP (VP ended (PP with (NP the National League *UNK )NP )PP )VP )S )SBAR , (NP (NP a revival )NP (PP of (NP (NP (NP the *UNKC *UNKC 's )NP production )NP (PP of (NP `` (NP *UNKC *UNKC )NP , '' (NP (NP a play )NP (PP in (NP nine *UNK )NP )PP (VP set (PP in (NP the *UNKC Field *UNK )NP )PP )VP )NP , )NP )PP )NP )PP )NP (VP continues (PP within (NP (NP *UNKING distance )NP (PP of (NP the *UNK )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP a different sort )NP )PP )NP (ADVP also )ADVP (VP are (VP being (VP offered (PP by (NP (NP our two major theater *UNK )NP , (NP (NP the *UNKC )NP and (NP *UNKC )NP )NP )NP )PP )VP )VP )VP . )S  STOP
(S (S (NP Each )NP (VP is (ADJP (ADJP more *UNK )ADJP (PP than (NP an unexpected *UNK baseball *UNK )NP )PP )ADJP )VP )S , but (S (NP both )NP (VP help (S (VP explain (SBAR (WHADVP why )WHADVP (S (NP Chicago )NP (VP remains (NP (NP a vital center )NP (PP of (NP (NP this country 's )NP regional theater movement )NP )PP )NP )VP )S )SBAR )VP )S )VP )S . )S  STOP
(S (NP The *UNKC )NP (VP is (VP offering (NP (NP a *UNKED version )NP (PP of (NP (NP *UNKC 's )NP `` (NX The *UNKC )NX '' )NP )PP )NP (PP through (NP Nov. 4 )NP )PP )VP )VP . )S  STOP
(S (NP The original )NP (VP is (NP (NP a comedy )NP (PP about (NP (NP *UNKC )NP , (NP (NP a man )NP (SBAR (WHNP who )WHNP (S (VP sees (NP *UNK and *UNK )NP (PP in (NP (NP everyone )NP (PP except (NP himself )NP )PP )NP )PP )VP )S )SBAR )NP )NP )PP )NP )VP . )S  STOP
(S (NP He )NP (VP is (NP (NP (NP the *UNK friend )NP (PP of (NP *UNKC )NP )PP )NP , and (NP (NP the *UNK *UNK )NP (PP of (NP *UNKC )NP )PP )NP )NP )VP . )S  STOP
(S (NP The play )NP (VP is (VP filled (PP with (NP *UNK , *UNK and *UNK )NP )PP )VP )VP . )S  STOP
(S (ADVP (NP *UNKC years )NP ago )ADVP (NP (NP the *UNK )NP (NP Richard *UNKC )NP )NP (VP *UNKED (NP this *UNK- comedy )NP (PP (ADVP merely )ADVP by (S (VP avoiding `` (NP (NP the *UNK sort )NP (PP of (NP thing )NP )PP )NP , '' (SBAR as (S (NP he )NP (VP wrote (PP in (NP his introduction )NP )PP )VP )S )SBAR )VP )S )PP )VP . )S  STOP
(S (ADVP Otherwise )ADVP , (NP the scene )NP (VP remained (NP (NP (NP *UNKC 's )NP house )NP (PP in (NP *UNKN )NP )PP )NP )VP . )S  STOP
(S (S (VP *UNKING (SBAR (S (NP modern audiences )NP (VP (ADVP readily )ADVP understand (SBAR that (S (NP (NP *UNKC 's )NP social indictment )NP (VP covers (NP (NP their world )NP (CONJP as well as )CONJP (NP *UNK- Paris )NP )NP )VP )S )SBAR )VP )S )SBAR )VP )S , (NP Mr. *UNKC )NP (VP concentrated (NP his *UNK *UNK )NP (PP on (S (VP *UNKING (NP the *UNKC French *UNK )NP (PP into (NP (ADJP *UNKLY and *UNK )ADJP English *UNK *UNK )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP The *UNKC *UNK )NP (VP is (ADJP (ADJP remarkable )ADJP -- (ADJP (ADJP well worth (NP a read )NP )ADJP and (ADJP (ADJP even better )ADJP (S (VP seen (PP in (NP the theater )NP )PP (SBAR if (S (NP you )NP (ADVP ever )ADVP (VP have (NP the opportunity )NP )VP )S )SBAR )VP )S )ADJP )ADJP )ADJP )VP . )S  STOP
(S But (SBAR if (S (NP you )NP (VP happen (S (VP to (VP be (VP coming (PP to (NP Chicago )NP )PP (PP in (NP the next few weeks )NP )PP )VP )VP )VP )S )VP )S )SBAR , (VP do n't (VP fail (S (VP to (VP have (NP a look )NP (PP at (NP (NP Robert Falls 's )NP `` (NX The *UNKC )NX '' (PP at (NP the *UNKC )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (SBAR If (S (NP (NP Mr. *UNKC 's )NP *UNK )NP (VP is (NP (NP a (ADJP *UNKLY ground )ADJP *UNK )NP (SBAR (WHPP through (WHNP which )WHNP )WHPP (S (NP we )NP (VP see (NP (NP the *UNK and corruption )NP (PP of (NP *UNK- Paris )NP )PP )NP )VP )S )SBAR )NP )VP )S )SBAR , (NP (NP Mr. Falls 's )NP production )NP (VP is (NP (NP a mirror )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP we )NP (VP see (NP ourselves )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Mr. Falls )NP , (NP (NP the *UNKC 's )NP artistic director )NP , )NP (VP (VP took (NP (NP a recent *UNK )NP (PP by (NP Neil Bartlett )NP )PP )NP )VP and (VP (ADVP significantly )ADVP adapted (NP it )NP )VP )VP . )S  STOP
(S (NP Mr. Bartlett )NP (VP had (VP (VP *UNKED (NP (NP (NP *UNKC 's )NP cast )NP (PP of (NP characters )NP )PP )NP (PP to (NP six )NP )PP )VP and (VP set (NP them )NP (PP in (NP (NP the London media world )NP (PP of (NP *UNKC Britain )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP Mr. Falls )NP (VP (VP transfers (NP the setting )NP (PP to (NP Hollywood )NP )PP )VP , and (VP *UNK (NP the characters )NP (PP into (NP (SBAR (WHNP what )WHNP (S (VP *UNK (PP for (NP *UNK )NP )PP (ADVP there )ADVP )VP )S )SBAR -- (NP agents , producers , actors , writers and *UNK )NP )NP )PP )VP )VP . )S  STOP
(S (NP It )NP (VP works )VP . )S  STOP
(S (NP Mr. Bartlett )NP (VP managed (S (VP to (VP (ADVP more or less )ADVP maintain (NP (NP (NP *UNKC 's )NP *UNKC *UNK form )NP , (NP (NP (ADJP 12 *UNK )ADJP lines )NP (PP in (NP *UNKING *UNK )NP )PP )NP )NP )VP )VP )S )VP . )S  STOP
(S (NP Mr. Falls )NP (VP (VP kept (NP the form )NP )VP , but (VP *UNKED (NP it )NP (PP with (NP (NP Mr. Bartlett 's )NP further help )NP )PP )VP )VP . )S  STOP
(S (PP With (NP (NP a *UNK cast )NP (VP led (PP by (NP (NP (NP David *UNKC )NP (PP as (NP *UNKC )NP )PP )NP , (NP (NP *UNKC *UNKC )NP (PP as (NP *UNKC )NP )PP )NP and , especially , (NP (NP William Brown )NP (PP as (NP (NP a *UNKC )NP (SBAR (WHNP who )WHNP (S (VP (VP plays (NP the Hollywood game )NP )VP but (VP *UNK (NP *UNK values and feelings )NP )VP )VP )S )SBAR )NP )PP )NP )NP )PP )VP )NP )PP , (NP the Goodman production )NP (VP barrels (PP through (NP an *UNK- Hollywood party )NP )PP (PP with (NP *UNK and *UNK )NP )PP )VP . )S  STOP
(S (SBAR If (S (NP (NP this version )NP , (PP with (NP (NP its *UNK )NP (PP to (NP (NP Steven *UNKC )NP , (NP *UNKC )NP and `` (NP *UNKING )NP '' )NP )PP )NP )PP )NP (VP *UNK (NP (NP younger audiences )NP (SBAR (WHNP who )WHNP (S (VP might (VP stay (ADVP away (PP from (NP the *UNK version )NP )PP )ADVP )VP )VP )S )SBAR )NP )VP )S )SBAR , (ADVP then )ADVP (NP Messrs. Bartlett and Falls )NP (VP are (ADJP justified )ADJP (PP in (S (VP *UNKING (NP Mr. Wilbur )NP )VP )S )PP )VP . )S  STOP
(S (NP A *UNK- play )NP (VP may (VP be (ADJP (ADJP easier (SBAR (S (VP to (VP revive )VP )VP )S )SBAR )ADJP (PP than (NP (NP one )NP (NP (QP merely 25 )QP )NP )NP )PP )ADJP )VP )VP . )S  STOP
(S (NP (NP The *UNKC *UNKC Company )NP , (ADVP back (PP from (NP (NP a (UCP critical and box office )UCP success )NP (PP in (NP London )NP )PP (PP with (NP (NP its *UNK )NP (PP of (NP (NP *UNKC 's )NP `` (NX (NX The *UNKC )NX (PP of (NP *UNKC )NP )PP )NX )NP )PP )NP )PP )NP )PP )ADVP , '' )NP (VP opened (NP the new season )NP (PP with (NP (NP (NP Harold *UNKC 's )NP `` (NX The *UNKING )NX )NP , '' (VP (ADVP first )ADVP produced (PP by (NP the Royal Shakespeare Company )NP )PP (PP in (NP *UNKN )NP )PP )VP )NP )PP )VP . )S  STOP
(S (ADVP Back then )ADVP , (NP Mr. *UNKC )NP (VP was (NP (CONJP not only )CONJP (NP the angry young British *UNK )NP , (CONJP but also )CONJP (NP (NP the first )NP (SBAR (S (VP to (VP use (NP (NP *UNK )NP and (NP sentence *UNK )NP and (NP *UNKING *UNK )NP )NP , (PP (ADVP almost )ADVP to (NP (NP the exclusion )NP (PP of (SBAR (WHNP what )WHNP (S (NP we )NP (ADVP previously )ADVP (VP understood (S (VP to (VP be (NP theatrical dialogue )NP )VP )VP )S )VP )S )SBAR )PP )NP )PP )VP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S `` (NP The *UNKING )NP '' (VP was (ADVP first )ADVP (VP produced (PP on (NP (NP this side )NP (PP of (NP the Atlantic )NP )PP )NP )PP )VP )VP )S )SBAR , (NP actors and directors )NP (VP were (ADJP *UNK )ADJP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP were (ADJP lengthy )ADJP )VP )S -- (S (NP nobody )NP (VP moved or *UNKED )VP )S . )S  STOP
(S (S (NP Nobody )NP (VP *UNKED (ADVP *UNK )ADVP )VP )S , and (S (NP (NP nobody )NP (PP in (NP the audience )NP )PP )NP (VP was (VP encouraged (S (VP to (VP *UNK )VP )VP )S )VP )VP )S . )S  STOP
(S (NP (NP This kind )NP (PP of (NP theater )NP )PP )NP (VP was (ADJP new )ADJP (PP to (NP us )NP )PP )VP . )S  STOP
(S (ADVP Also )ADVP , (NP it )NP (VP was not (NP a funny time )NP (ADVP over here )ADVP , (PP (X what )X with (NP (NP the Vietnam War )NP , (NP the *UNK Democratic convention )NP , (NP assassinations )NP and (NP *UNK )NP )NP )PP )VP . )S  STOP
(S But (PP under (NP (NP Jerry *UNKC 's )NP direction )NP )PP (NP (NP the current *UNKC production )NP , (VP scheduled (S (VP to (VP play (PP through (NP Nov. 19 )NP )PP )VP )VP )S )VP , )NP (VP breaks (PP through (NP (NP the (ADJP flat and boring )ADJP *UNK )NP (SBAR (WHNP that )WHNP (S `` (NP The *UNKING )NP '' (VP had (VP become )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (S (VP *UNKED (PP by (NP (NP a *UNK- performance )NP (PP by (NP (NP Alan *UNKC )NP (PP as (NP (NP Max )NP , (NP the father )NP )NP )PP )NP )PP )NP )PP )VP )S , (NP the play )NP (VP is (ADVP at once )ADVP (NP (NP an (ADJP *UNKING and *UNK )ADJP *UNK )NP (PP of (NP (NP a family 's )NP *UNK , *UNK , fear and *UNK )NP )PP )NP )VP . )S  STOP
(S (S (VP *UNKED (PP by (NP (NP Mr. *UNKC 's )NP (NX (NX *UNKLY *UNK )NX , (NX *UNKED *UNK )NX and (NX *UNKING *UNK )NX )NX )NP )PP )VP )S , (NP the audience )NP (VP (VP gets (NP the *UNK )NP )VP and (VP begins (S (VP to (VP *UNK )VP )VP )S (PP before (NP (NP the end )NP (PP of (NP the first act )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP Three )NP (PP of (NP the family members )NP )PP , (NP (NP Max )NP and (NP (NP his two *UNK )NP , (NP *UNKC and *UNKC )NP )NP )NP , )NP (VP live (PP off (NP the *UNK )NP )PP )VP )S : (S (S (NP Max )NP (VP is (NP a retired *UNK )NP )VP )S , (S (NP *UNKC )NP (NP a *UNK )NP )S and (S (NP *UNKC )NP (NP an *UNKING *UNK )NP )S )S . )S  STOP
(S (NP (NP Sam )NP , (NP (NP Max 's )NP brother )NP , )NP (VP has (VP escaped (NP the *UNK )NP (PP by (S (VP (VP working (PP as (NP a *UNKED *UNK )NP )PP )VP and (VP (ADVP never )ADVP seeking (NP a wife )NP )VP )VP )S )PP )VP )VP . )S  STOP
(S (NP (NP Teddy )NP , (NP (NP the *UNK )NP (PP of (NP (NP Max 's )NP *UNK )NP )PP )NP , )NP (VP has (VP made (NP the (ADJP most dramatic )ADJP escape )NP (PP by (S (VP becoming (NP (NP a professor )NP (PP of (NP philosophy )NP )PP (PP at (NP an American university )NP )PP )NP )VP )S )PP )VP )VP . )S  STOP
(S (SBAR Though (S (NP it )NP (VP 's (ADVP clearly )ADVP (NP (NP Max 's )NP wife )NP (SBAR (WHNP who )WHNP (S (VP held (NP *UNK )NP (ADVP here )ADVP (PP until (NP her death )NP )PP )VP )S )SBAR )VP )S )SBAR , (ADVP now )ADVP (NP (NP none )NP (PP of (NP (NP the other male residents )NP (PP of (NP this *UNK household )NP )PP )NP )PP )NP (VP can (VP challenge (NP Max )NP )VP )VP . )S  STOP
(S (NP The play )NP (VP concerns (NP (NP (NP Teddy 's )NP *UNKING )NP (PP with (NP (NP (NP his wife )NP (PP of (NP six years )NP )PP )NP , (NP Ruth )NP )NP )PP )NP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP (NP *UNKC *UNKC )NP (PP as (NP Teddy )NP )PP )NP (VP seems (NP (NP the only cast member )NP (ADJP unable (S (VP to (VP get (PP beyond (NP (NP the *UNK approach )NP (PP to (NP a *UNKC character )NP )PP )NP )PP )VP )VP )S )ADJP )NP )VP . )S  STOP
(S (PP As (NP Ruth )NP )PP , (NP (NP *UNKC Harris )NP , (NP (NP a (ADJP large and beautiful )ADJP woman )NP (SBAR (WHNP who )WHNP (S (VP may (VP be (NP our next *UNKC *UNKC )NP )VP )VP )S )SBAR )NP , )NP (VP begins (ADVP almost immediately )ADVP (S (VP to (VP *UNK (NP (NP each )NP (PP of (NP the men )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (PP In (NP the end )NP )PP , (NP Teddy )NP (VP returns (ADVP alone )ADVP (PP to (NP America )NP )PP , (S (VP leaving (NP Ruth )NP (PP in (NP (NP Max 's )NP chair )NP )PP )VP )S )VP . )S  STOP
(S (NP We )NP (VP have (VP seen (NP her )NP (VP develop (PP within (NP a few hours )NP )PP (PP (PP from (NP a (ADJP shy and unknown )ADJP *UNK- )NP )PP )PP (PP to (NP (NP a *UNK )NP (PP of (NP the *UNK )NP )PP (SBAR (WHNP who )WHNP (S (VP will (VP (VP replace (NP the dead mother )NP )VP , (FRAG and then (NP some )NP )FRAG )VP )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S (SBAR While (S (NP *UNKC )NP (VP was (PP in (NP London )NP )PP (PP with `` (NP (NP The *UNKC )NP (PP of (NP *UNKC )NP )PP )NP )PP )VP )S )SBAR , '' (NP (NP Bruce *UNKC )NP , (NP (NP the president )NP (PP of (NP (NP its board )NP (PP of (NP directors )NP )PP )NP )PP )NP , )NP (VP (ADVP quietly )ADVP returned (PP to (NP Chicago )NP )PP (S (VP to (VP buy (NP (NP a piece )NP (PP of (NP real estate )NP )PP (PP in (NP (NP the city 's )NP (ADJP rapidly *UNKING )ADJP North *UNKED Street restaurant and theater district )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (PP Within (NP a year )NP )PP (NP he )NP (VP hopes (SBAR (S (NP Steppenwolf )NP (VP will (VP move (PP into (NP (NP a new *UNK- theater )NP (PP on (NP that site )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNK )NP (ADVP currently )ADVP (VP *UNK (PP in (NP (NP a converted *UNK )NP (SBAR (WHNP that )WHNP (S (VP (VP seats (NP *UNKN )NP )VP and (VP provides (NP (NP little capacity )NP (PP for (S (VP *UNKING (NP (NP anything )NP (PP beyond (NP a simple *UNK- production )NP )PP )NP )VP )S )PP )NP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S `` (SBAR If (S (NP we )NP (VP wanted (S (VP to (VP stage ` (NP (NP *UNKC )NP (PP of (NP a *UNKC )NP )PP )NP )VP )VP )S )VP )S )SBAR (PRN , ' `` (S (NP Mr. *UNKC )NP (VP says )VP )S , )PRN `` (NP *UNKC *UNKC )NP (VP would (VP have (S (VP to (VP live (PP in (NP a ranch house )NP )PP )VP )VP )S (PP because of (NP the low ceiling )NP )PP )VP )VP . '' )S  STOP
(S (NP Steppenwolf )NP (VP needs (NP the extra seats )NP (ADVP (ADVP even more )ADVP (PP than (NP the fly space )NP )PP )ADVP )VP . )S  STOP
(S (NP It )NP (VP 's (ADVP currently )ADVP (VP forced (S (VP to (VP turn (PRT away )PRT (NP (NP many potential subscribers )NP (PP beyond (NP (NP the *UNKN )NP (SBAR (WHNP who )WHNP (S (VP can (VP be (VP *UNKED (PP in (NP its present *UNK )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP For (NP (NP all the attention )NP (SBAR (WHNP that )WHNP (S (NP Chicago theater )NP (VP has (VP received (PP during (NP the past decade )NP )PP )VP )VP )S )SBAR )NP )PP , (NP (QP not one )QP new building )NP (VP has (VP been (VP devoted (PP to (NP it )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (NP a former (NX (NX publisher )NX and (NX real estate developer )NX )NX )NP , )NP (VP has (VP put (ADVP together )ADVP (NP (NP an (ADJP (QP $ 8 million )QP )ADJP financial package )NP (SBAR (WHNP that )WHNP (S (VP includes (NP (NP (NP (NP (QP approximately $ 4 million )QP )NP (PP of (NP (NP tax exempt bonds )NP (VP issued (PP by (NP (NP the State )NP (PP of (NP Illinois )NP )PP )NP )PP )VP )NP )PP )NP (PRN -LRB- (NP the first time (SBAR that (S (NP a state )NP (VP has (VP used (NP its educational facilities authority )NP (S (VP to (VP support (NP (NP construction )NP (PP of (NP a theater )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )NP -RRB- )PRN )NP , and (NP (NP (QP approximately $ 1 million )QP )NP (PP in (NP (NP grants )NP (PP from (NP (NP (NP the National *UNKC )NP (PP for (NP the Arts )NP )PP )NP , (NP the *UNKC Foundation )NP , and (NP a few other deep pockets )NP )NP )PP )NP )PP )NP )NP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP The rest )NP (PRN , (S (NP he )NP (VP is (ADJP confident )ADJP )VP )S , )PRN (VP can (VP be (VP raised )VP )VP )VP . )S  STOP
(S (S (NP (NP His board members )NP (ADJP alone )ADJP )NP (VP have (VP pledged (NP $ 800,000 )NP )VP )VP )S and (S (NP he )NP (VP is (VP (ADVP just )ADVP beginning (S (VP to (VP massage (NP local foundations and corporations )NP )VP )VP )S )VP )VP )S . )S  STOP
(S (NP Mr. *UNKC )NP (VP compares (NP (NP the importance )NP (PP of (NP Steppenwolf )NP )PP )NP (PP with (NP (NP (NP *UNKC *UNKC 's )NP Mercury *UNKC )NP (PP in (NP the *UNK )NP )PP )NP )PP )VP . )S  STOP
(S But (NP (NP *UNKC 's )NP theater company )NP (VP turned (PRT out )PRT (S (VP to (VP have (NP a brief (PRN -- (S (NP one )NP (VP might (VP say (FRAG a *UNK )FRAG )VP )VP )S -- )PRN existence )NP )VP )VP )S )VP . )S  STOP
(SBARQ (WHNP What )WHNP (SQ will (NP Mr. *UNKC )NP (VP do (PP with (NP his new theater building )NP )PP (SBAR if (S (S (NP (NP the *UNK )NP (PP of (NP Hollywood and *UNKC )NP )PP )NP (VP proves (NP (NP too much )NP (PP for (NP (NP such Steppenwolf *UNK )NP (PP as (NP (NP (NP John *UNKC )NP (PRN -LRB- `` (NP *UNKC *UNKC )NP '' -RRB- )PRN )NP , (NP (NP Joan Allen )NP (PRN -LRB- `` (NP The *UNKC *UNKC )NP '' -RRB- )PRN )NP , and (NP (NP *UNKC *UNKLY )NP (PRN -LRB- `` (NP *UNKC *UNKC )NP '' -RRB- )PRN )NP )NP )PP )NP )PP )NP )VP )S , and (S (NP the company )NP (VP *UNK )VP )S )S )SBAR )VP )SQ ? )SBARQ  STOP
(S `` (S (NP That )NP (VP 's (ADJP OK )ADJP )VP )S , '' (NP Mr. *UNKC )NP (VP *UNK )VP . )S  STOP
(S `` (VP Let (S (NP this building )NP (VP be (NP (NP (NP Steppenwolf 's )NP *UNK )NP (PP to (NP Chicago theater )NP )PP )NP )VP )S )VP . '' )S  STOP
(S (NP Mr. *UNKING )NP (VP is (NP (NP a Chicago-based law firm management consultant )NP and (NP a writer )NP )NP )VP . )S  STOP
(S (PP After (S (VP *UNKING (NP (NP three days )NP (PP of (NP heavy selling )NP )PP )NP )VP )S )PP , (NP the *UNKED Nasdaq over-the-counter market )NP (ADVP finally )ADVP (VP rebounded , (S (VP rising (ADVP sharply )ADVP (PP in (NP *UNK trading )NP )PP )VP )S )VP . )S  STOP
(S (NP The Nasdaq Composite Index )NP (VP jumped (NP (NP 0.7 % )NP , or (NP 3.35 )NP , )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP It )NP (VP rose (NP (NP more )NP (PP than (NP (NP the New York Stock Exchange Composite )NP , (SBAR (WHNP which )WHNP (S (VP improved (NP 0.2 % )NP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (PP Among (NP bigger stocks )NP )PP , (NP the Nasdaq 100 Index )NP (VP rose (NP (NP 1 % )NP , or (NP *UNKN )NP , )NP (PP to (NP *UNKN )NP )PP , (SBAR while (S (NP the Dow Jones Industrial Average )NP (VP was (ADVP up (NP 0.2 % )NP )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Richard *UNKC )NP , (NP (NP head )NP (PP of (NP OTC trading )NP )PP (PP at (NP PaineWebber )NP )PP )NP , )NP (VP said (SBAR (S (NP the OTC market )NP (VP has (NP (NP a *UNK )NP (PP of (S (VP lagging (NP (NP big moves )NP (PP on (NP the New York Stock Exchange )NP )PP )NP )VP )S )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (SBAR While (S (NP the industrial average )NP (VP rallied (PP on (NP Monday )NP )PP (PP following (NP (NP last Friday 's )NP collapse )NP )PP )VP )S )SBAR , (NP (NP the OTC market )NP , (SBAR (WHNP which )WHNP (S (VP did n't (VP suffer (ADVP too badly )ADVP (PP during (NP the correction )NP )PP )VP )VP )S )SBAR , )NP (VP tumbled )VP . )S  STOP
(S `` (S (NP Our market )NP (VP got (VP hit (ADVP (ADVP (NP a lot )NP harder )ADVP )ADVP (PP on (NP Monday )NP )PP (PP than (NP the listed market )NP )PP )VP )VP )S , '' (NP Mr. Bruno )NP (VP said )VP . )S  STOP
(S `` (NP We )NP (VP 're (VP (VP (ADVP just )ADVP recovering )VP and (VP getting (ADVP back (PP to (NP (NP business )NP (ADJP as usual )ADJP )NP )PP )ADVP )VP )VP )VP . )S  STOP
(S (NP I )NP (VP 'm (VP encouraged (PP by (NP the action )NP )PP )VP )VP . '' )S  STOP
(S (NP The trading pace )NP (VP was (ADJP busy )ADJP , (PP with (S (NP (NP *UNKN issues )NP and (NP (QP *UNKN million )QP shares )NP )NP (VP changing (NP hands )NP )VP )S )PP )VP . )S  STOP
(S (NP *UNKING issues )NP (VP beat (NP declining ones )NP , (ADVP *UNKN to *UNKN )ADVP )VP . )S  STOP
(S (NP (NP Much )NP (PP of (NP (NP the *UNKING )NP (PP by (NP OTC traders and investors )NP )PP )NP )PP )NP (VP *UNKED (PP on (NP (NP shares )NP (PP of (NP (NP companies )NP (SBAR (WHNP that )WHNP (S (VP might (VP be (VP (ADVP financially )ADVP affected (PP by (NP (NP damage )NP (PP from (NP (NP the devastating earthquake )NP (PP in (NP northern California )NP )PP )NP )PP )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (SBAR As (S (NP investors )NP (VP speculated (PP about (NP the (ADJP long - and short-term )ADJP implications )NP )PP )VP )S )SBAR , (NP (NP shares )NP (PP of (NP (NP a number )NP (PP of (NP (NP companies )NP (SBAR (WHNP that )WHNP (S (VP might (VP either (VP profit )VP or (VP face (NP problems )NP )VP (PP because of (NP the disaster )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )NP (VP were (VP (ADVP actively )ADVP traded )VP )VP . )S  STOP
(X (S (VP *UNKING (NP the list )NP )VP )S : (NP (NP insurance , construction and technology companies )NP (VP located (PP in (NP the San Francisco Bay Area )NP )PP )VP )NP . )X  STOP
(S (NP *UNKED stocks )NP (VP were (ADJP mixed )ADJP (SBAR as (S (NP investors )NP (VP tried (S (VP to (VP figure (PRT out )PRT (SBAR (WHADVP how )WHADVP (S (VP to (VP assess (NP (NP the impact )NP (PP of (NP the (NX (NX property damage )NX and (NX deaths )NX )NX )NP )PP (PP on (NP those concerns )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Traders )NP (VP said (SBAR (S (NP (NP *UNK- companies )NP (PP with (NP the *UNK exposure )NP )PP (PP in (NP the San Francisco area )NP )PP )NP (VP include (NP (NP (NP the OTC 's )NP *UNKC )NP and (NP Ohio Casualty )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Frank *UNKC )NP , (NP (NP a trader )NP (SBAR (WHNP who )WHNP (S (VP follows (NP insurance stocks )NP (PP for (NP *UNKC *UNKC )NP )PP )VP )S )SBAR )NP , )NP (VP said (SBAR (S (NP his strategy )NP (VP was (S (VP to (VP sell (ADVP early )ADVP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S Then , (SBAR if (S (NP the stocks )NP (VP fell (ADVP sharply )ADVP )VP )S )SBAR , (NP he )NP (VP planned (S (VP to (VP begin (S (VP buying (NP them )NP (ADVP aggressively )ADVP )VP )S )VP )VP )S , (PP on (NP the theory (SBAR that (S (NP (NP the companies )NP (SBAR (WHNP that )WHNP (S (VP insure (PP against (NP (NP property damage )NP and (NP *UNK )NP )NP )PP )VP )S )SBAR )NP (VP will (VP have (S (VP to (VP raise (NP rates )NP (ADVP eventually )ADVP (S (VP to (VP compensate (PP for (NP (NP the claims )NP (SBAR (S (NP they )NP (VP will (VP pay (PP to (NP (NP earthquake victims )NP and (NP (NP victims )NP (PP of (NP (NP last month 's )NP Hurricane Hugo )NP )PP )NP )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (ADVP As well )ADVP , (NP (NP *UNK )NP and (NP insurance brokerage companies )NP )NP (VP will (VP have (NP improved profits )NP )VP )VP . )S  STOP
(S (NP Many investors )NP (VP expected (S (NP (NP damage )NP (PP from (NP the hurricane )NP )PP )NP (VP to (VP be (NP (NP the catalyst )NP (PP for (NP (NP higher rates )NP (PP in (NP (NP the industry )NP , (SBAR (WHNP which )WHNP (S (VP has (VP been (VP depressed (PP because of (NP (NP low rates )NP (VP *UNKING (PP from (NP intense competition )NP )PP )VP )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S But (NP Mr. *UNKC )NP (VP said (SBAR (S (NP the hurricane damage )NP (VP was n't (ADJP extensive enough (S (VP to (VP prompt (NP premium boosts )NP )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP The companies )NP (ADVP just )ADVP (VP gave (PRT back )PRT (SBAR (WHNP what )WHNP (S (NP they )NP (VP had (VP *UNKED (PP for )PP )VP )VP )S )SBAR )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S `` (ADVP Now )ADVP , (S (NP they )NP (VP 'll (VP have (S (VP to (VP increase (NP their *UNK )NP (S (VP to (VP protect (PP for (NP the future )NP )PP )VP )VP )S )VP )VP )S )VP )VP )S and (S (NP that )NP (VP means (NP rate increases )NP )VP )S . '' )S  STOP
(S (NP Overall OTC insurance issues )NP (VP were (ADJP mixed )ADJP )VP . )S  STOP
(S (NP *UNKC )NP (VP fell (NP 1\/8 )NP (PP to (NP (QP 32 5\/8 )QP )NP )PP (PP on (NP *UNKN shares )NP )PP )VP . )S  STOP
(S (NP Ohio Casualty )NP (VP rose (NP 1\/4 )NP (PP to (NP (QP 51 3\/4 )QP )NP )PP (PP on (NP *UNKN shares )NP )PP )VP . )S  STOP
(S (NP St. Paul Cos. )NP (VP jumped (NP 2 )NP (PP to (NP (QP 59 3\/4 )QP )NP )PP (PP on (NP *UNKN shares )NP )PP )VP . )S  STOP
(S (S (NP Academy Insurance )NP (VP fell (NP *UNKN )NP (PP to (NP (QP 1 *UNKN )QP )NP )PP )VP )S ; but (S (NP volume )NP (VP totaled (NP (QP 1.2 million )QP shares )NP )VP )S . )S  STOP
(S (NP The Nasdaq Insurance Index )NP (VP jumped (NP *UNKN )NP (PP to (NP *UNKN )NP )PP (PP on (NP the day )NP )PP , (SBAR while (S (NP (NP the barometer )NP (PP of (NP big insurance and banking issues )NP )PP )NP (VP climbed (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Investors )NP (VP expect (S (NP (NP *UNKC Data Systems )NP , (NP (NP a company )NP (SBAR (WHNP that )WHNP (S (VP provides (NP disaster recovery services )NP (PP for (NP *UNK- businesses )NP )PP )VP )S )SBAR )NP , )NP (VP to (VP profit (PP from (NP the earthquake )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC 's )NP stock )NP (VP rose (NP (QP 1 3\/4 )QP )NP (PP to (NP (QP 21 1\/4 )QP )NP )PP (PP on (NP *UNKN shares )NP )PP )VP . )S  STOP
(S (NP (NP Shares )NP (PP of (NP (NP *UNKC )NP , (NP a California road and bridge *UNK )NP , )NP )PP )NP (VP were (VP (ADVP heavily )ADVP traded , (S (VP *UNKING (NP (QP 2 1\/8 )QP )NP (PP to (NP (QP 9 7\/8 )QP )NP )PP (PP on (NP (QP 1.3 million )QP shares )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP Guy F. *UNKC )NP (VP added (NP 7\/8 )NP (PP to (NP (QP 16 7\/8 )QP )NP )PP , (PP on (NP *UNKN shares )NP )PP )VP . )S  STOP
(S (NP (NP The company )NP , (VP based (PP in (NP San Francisco )NP )PP )VP , )NP (VP provides (NP industrial infrastructure engineering and construction services )NP )VP . )S  STOP
(S (NP Traders )NP (VP were (ADVP initially )ADVP (ADJP nervous )ADJP (PP about (NP (NP shares )NP (PP of (NP (NP companies )NP , (PP including (NP (NP many leading OTC computer companies )NP , (PP such as (NP Apple Computer )NP )PP )NP )PP (PP with (NP (NP offices )NP (PP in (NP (NP the *UNK )NP (PP of (NP (NP the area )NP (VP damaged (PP by (NP the quake )NP )PP )VP )NP )PP )NP )PP )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S But (NP (NP most )NP (PP of (NP those stocks )NP )PP )NP (VP fared (ADVP well )ADVP )VP . )S  STOP
(S (S (NP Apple Computer )NP (VP gained (NP 1 )NP (PP to (NP (QP 48 1\/4 )QP )NP )PP )VP )S ; (S (NP *UNKC )NP (VP rose (NP 3\/8 )NP (PP to (NP (QP 10 3\/8 )QP )NP )PP )VP )S . )S  STOP
(S (NP Intel )NP (ADVP also )ADVP (VP added (NP 3\/8 )NP (PP to (NP (QP 33 7\/8 )QP )NP )PP )VP . )S  STOP
(S But (NP Sun Microsystems )NP (VP slipped (NP 1\/4 )NP (PP to (NP (QP 17 1\/4 )QP )NP )PP )VP . )S  STOP
(S (NP (NP Shares )NP (PP of (NP (NP biotechnology companies )NP (PP in (NP the area )NP )PP )NP )PP )NP (VP were (ADVP also )ADVP (ADJP higher )ADJP )VP . )S  STOP
(S (S (NP Chiron )NP (VP was (ADVP up (NP 1\/2 )NP (PP to (NP 27 )NP )PP )ADVP )VP )S and (S (NP *UNKC )NP (VP gained (NP 1\/2 )NP (PP to (NP (QP 16 3\/8 )QP )NP )PP )VP )S . )S  STOP
(S (NP (NP The stocks )NP (PP of (NP (NP *UNKED companies )NP (VP located (PP outside (NP California )NP )PP )VP )NP )PP )NP (VP improved , (ADVP too )ADVP )VP . )S  STOP
(S (S (NP Microsoft )NP (VP advanced (NP (QP 1 7\/8 )QP )NP (PP to (NP (QP 80 1\/2 )QP )NP )PP )VP )S and (S (NP Lotus Development )NP (VP added (NP (QP 1 1\/4 )QP )NP (PP to (NP (QP 32 1\/2 )QP )NP )PP )VP )S . )S  STOP
(S (PP In (NP other earthquake-related news )NP )PP , (S (NP (NP Hambrecht & Quist 's )NP OTC market makers )NP (VP were (VP *UNKED (PP from (NP trading )NP )PP (NP yesterday )NP )VP )VP )S and (S (NP its positions )NP (VP were (VP frozen (PP for (NP the day )NP )PP (PP by (NP (NP the National Association )NP (PP of (NP Securities Dealers )NP )PP )NP )PP )VP )VP )S . )S  STOP
(S (NP Power )NP (VP could n't (VP be (VP restored (PP at (NP (NP the company 's )NP San Francisco headquarters )NP )PP (S (VP to (VP allow (NP trading )NP )VP )VP )S (NP yesterday morning )NP )VP )VP )VP . )S  STOP
(S (PP In (NP New York )NP )PP , (NP (NP Roger *UNKC )NP , (NP a Hambrecht executive vice president )NP , )NP (VP said (SBAR (S (NP he )NP (VP expects (S (NP (NP OTC trading )NP (PP at (NP the company )NP )PP )NP (VP to (VP resume (NP this morning )NP , (PP either (PP in (NP New York )NP )PP or (PP in (NP San Francisco )NP )PP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP other trading )NP )PP , (NP *UNKC *UNKC Services )NP (VP gained (NP 7\/8 )NP (PP to (NP 15 )NP )PP (PP on (NP (QP 1.9 million )QP shares )NP )PP (PP after (S (VP reporting (NP (NP a loss )NP (PP for (NP (NP the first quarter )NP , (SBAR (WHNP which )WHNP (S (VP ended (NP Sept. 30 )NP )VP )S )SBAR )NP )PP )NP )VP )S )PP )VP . )S  STOP
(S (NP The company )NP (VP earned (NP (QP $ 6.6 million )QP )NP (PP in (NP the year-earlier quarter )NP )PP )VP . )S  STOP
(S (NP (NP Jaguar 's )NP American depositary receipts )NP (VP added (NP 3\/8 )NP (PP to (NP (QP 10 3\/4 )QP )NP )PP (PP on (NP (NP volume )NP (PP of (NP (QP 1.1 million )QP )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP (NP Analysts )NP (PP in (NP London )NP )PP )NP (VP believe (SBAR (S (NP investors )NP , (PP despite (NP their *UNK (S (VP to (VP dump (NP takeover stocks )NP )VP )VP )S )NP )PP , (VP should (VP hold (PRT on )PRT (ADVP tight )ADVP (PP to (NP their Jaguar shares )NP )PP )VP )VP )S )SBAR )VP )S , (NP (NP this newspaper 's )NP (VP *UNKC (PP on (NP the Street )NP )PP )VP column )NP (VP said (NP yesterday )NP )VP . )S  STOP
(S (NP Amgen )NP (VP rose (NP (QP 1 1\/2 )QP )NP (PP to (NP (QP 50 3\/4 )QP )NP )PP (PP in (NP heavy trading )NP )PP )VP . )S  STOP
(S (NP Analysts )NP (VP figure (SBAR (S (NP Amgen )NP (VP could (VP benefit (PP as (NP (NP a result )NP (PP of (NP (NP troubles )NP (VP facing (NP (NP its competitor )NP , (NP *UNKC Institute )NP , )NP )VP (PP over (NP (NP the *UNK- drug )NP (NP EPO )NP )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Institute )NP (VP disclosed (ADVP recently )ADVP (SBAR that (S (NP it )NP (VP is (VP *UNKED (PP in (NP (NP a dispute )NP (PP with (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP distributes (NP the drug )NP )VP )S )SBAR , )NP )PP (VP regarding (NP (NP the *UNK )NP (PP of (NP some *UNK )NP )PP )NP )VP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Ciba-Geigy Ltd. )NP and (NP Chiron Corp. )NP )NP (VP said (SBAR (S (NP they )NP (VP extended (NP (NP their offer )NP (PP for (NP Connaught *UNKC Inc. )NP )PP , (VP valued (PP at (NP (NP (QP *UNKN million )QP Canadian dollars )NP (PRN -LRB- (NP (QP US$ *UNKN million )QP )NP -RRB- )PRN )NP )PP )VP )NP (PP to (NP Oct. 27 )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The companies )NP (ADVP earlier )ADVP (VP said (SBAR (S (NP they )NP (VP did n't (VP want (S (VP to (VP raise (NP their offer )NP (S (VP to (VP match (NP (NP a rival bid )NP (PP by (NP *UNKC Merieux S.A. )NP )PP (PP of (NP (NP (NP C$ 37 )NP (NP a share )NP )NP , or (NP (QP C$ *UNKN million )QP )NP )NP )PP )NP )VP )VP )S )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP they )NP (VP said (SBAR (S (NP (NP the (ADJP C$ *UNK- )ADJP bid )NP , (SBAR (WHNP which )WHNP (S (VP was (ADJP due (S (VP to (VP expire (NP Monday )NP )VP )VP )S )ADJP )VP )S )SBAR , )NP (VP may (ADVP still )ADVP (VP be (VP extended or *UNKED )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Merieux )NP , (NP (NP a vaccine manufacturer )NP (VP based (PP in (NP (NP *UNKC )NP , (NP France )NP , )NP )PP )VP )NP )NP (VP is (ADJP *UNK- (PP by (NP French state-owned *UNKC S.A )NP )PP )ADJP )VP . )S  STOP
(S (NP Ciba-Geigy )NP (VP is (NP (NP a major pharmaceutical concern )NP (VP based (PP in (NP (NP *UNKC )NP , (NP Switzerland )NP )NP )PP )VP )NP )VP . )S  STOP
(S (NP (NP Chiron )NP , (NP another pharmaceutical concern )NP , )NP (VP is (VP based (PP in (NP (NP *UNKC )NP , (NP Calif )NP )NP )PP )VP )VP . )S  STOP
(S (NP Connaught )NP (VP is (NP a biotechnology research and vaccine manufacturing concern )NP )VP . )S  STOP
(S (NP (NP (NP *UNKC Merieux 's )NP bid )NP (PP for (NP Toronto-based Connaught )NP )PP )NP (VP has (VP run (PP into (NP (NP problems )NP (PP with (NP (NP the Canadian government )NP , (SBAR (WHNP which )WHNP (S (VP told (NP Merieux )NP (NP last week )NP (SBAR that (S (NP it )NP (VP was n't (VP convinced (SBAR that (S (NP the proposed acquisition )NP (VP would (VP be (PP of (NP `` (NP net benefit )NP '' (PP to (NP Canada )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Merieux officials )NP (VP are (VP expected (S (VP to (VP meet (PP with (NP federal officials )NP )PP (PP in (NP *UNKC )NP )PP (NP today )NP (S (VP to (VP discuss (NP the decision )NP )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (PP Within (NP minutes )NP )PP (SBAR after (S (NP the stock market )NP (VP closed )VP )S )SBAR (NP Friday )NP , (NP I )NP (VP (VP called (NP (NP Sen. Bill *UNKC )NP (PP of (NP New Jersey )NP )PP )NP )VP , (VP advised (NP him )NP (SBAR that (S (NP the Dow Jones Industrial Average )NP (VP had (VP declined (PP by (NP 190 points )NP )PP (NP late that afternoon )NP )VP )VP )S )SBAR )VP , and (VP (ADVP *UNKLY )ADVP informed (NP him )NP (SBAR that (S (NP (NP he )NP and (NP his fellow Democrats )NP )NP (VP were (S (VP to (VP blame )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP They )NP (VP had (VP *UNK (NP a major setback )NP (NP that afternoon )NP (PP to (NP (NP (NP President Bush 's )NP capital-gains tax cut proposal )NP , (SBAR (WHNP which )WHNP (S (VP had (VP seemed (PP in (NP the bag )NP )PP (SBAR after (S (NP it )NP (VP passed (NP the House )NP (ADVP *UNKLY )ADVP (ADVP earlier (PP in (NP the month )NP )PP )ADVP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP Sen. *UNKC )NP (VP has (S (NP (NP it )NP )NP (PP in (NP his mind )NP )PP (SBAR that (S (NP such a tax cut )NP (VP would (VP *UNK (NP (NP the tax reform )NP (SBAR (S (NP he )NP (VP helped (VP engineer (PP in (NP 1986 )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )S )VP . )S  STOP
(S But (NP he )NP (VP knows (SBAR that (S (NP (NP (QP as many as 20 )QP )NP (PP of (NP his fellow Democrats )NP )PP )NP (VP are (VP *UNKED (S (VP to (VP vote (PP for (NP (NP the cut )NP , (ADJP popular (PP among (NP their constituents )NP )PP )ADJP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP As (NP a result )NP )PP , (NP he )NP (VP took (NP (NP the lead )NP (PP in (S (VP arguing (SBAR that (S (NP the cut )NP (VP should (VP be (VP blocked (PP on (NP procedural grounds )NP )PP )VP )VP )VP )S )SBAR )VP )S )PP )NP )VP . )S  STOP
(S (NP He )NP (VP helped (S (VP persuade (NP (NP 10 )NP (PP of (NP these senators )NP )PP )NP (S (VP to (VP support (NP (NP him )NP and (NP Majority Leader George Mitchell )NP )NP (PP on (NP these grounds )NP )PP )VP )VP )S )VP )S )VP . )S  STOP
(S (S (NP The budget *UNK )NP (VP had (S (VP to (VP be (VP *UNK (PP with )PP (PP by (NP the Oct. 15 deadline )NP )PP )VP )VP )VP )S )VP )S , and (S (NP these Senate Democrats )NP (VP refused (S (VP to (VP agree (S (VP to (VP allow (NP (NP a vote )NP (SBAR (S (VP to (VP *UNK (NP capital gains )NP (PP to (NP the budget bill )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S , (S (VP knowing (SBAR (S (NP it )NP (VP would (VP pass )VP )VP )S )SBAR )VP )S )VP )S . )S  STOP
(S (S (VP *UNKED (NP (NP a vote )NP (PP on (NP substance )NP )PP )NP )VP )S , (NP (NP the GOP leadership )NP (PP in (NP the Senate )NP )PP )NP (PP on (NP Friday morning )NP )PP (VP was (VP *UNKED (PP with (NP a hard choice )NP )PP )VP )VP . )S  STOP
(S (S (NP It )NP (VP could (VP (VP throw (PRT in )PRT (NP the *UNK )NP )VP and (VP hope (S (VP to (VP win (PP on (NP capital gains )NP )PP (NP late this month )NP )VP )VP )S )VP )VP )VP )S , or (S (NP it )NP (VP could (VP follow (NP (NP the White House strategy )NP , (S (VP to (VP veto (NP *UNK )NP (SBAR unless (S (NP capital gains )NP (VP was (VP *UNKED )VP )VP )S )SBAR )VP )VP )S )NP )VP )VP )S . )S  STOP
(S (NP (NP The U.S. Chamber )NP (PP of (NP Commerce )NP )PP )NP (VP has (VP been (PP in (NP the *UNK )NP )PP (PP in (S (VP supporting (NP the Bush proposal )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP It )NP (VP endorsed (NP the White House strategy )NP , (S (VP *UNKING (S (NP it )NP (VP to (VP be (NP (NP the *UNK way )NP (PP to (NP victory )NP )PP )NP )VP )VP )S )VP )S )VP . )S  STOP
(S (PP At (NP noon )NP )PP (NP Friday )NP , (NP a senior White House official )NP (VP advised (NP (NP Richard *UNKC )NP , (NP (NP the Chamber 's )NP chief economist )NP , )NP (SBAR that (S (NP the White House )NP (VP would not (VP agree (PP to (NP a budget *UNK bill )NP )PP (SBAR unless (S (NP it )NP (VP had (NP firm assurances (SBAR that (S (NP (NP a vote )NP (PP on (NP substance )NP )PP )NP (VP would (VP be (VP permitted (PP in (NP the Senate )NP )PP )VP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP (NP Two hours )NP later )ADVP , (NP the first word )NP (VP emerged (PP on (NP Capitol Hill )NP )PP (SBAR that (S (NP the administration )NP (VP had (VP agreed (PP to (NP reconciliation )NP )PP (PP with (NP (NP no such assurances )NP (PP from (NP Senate Democrats )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP was (ADJP shocked )ADJP , (S (VP *UNKING (NP (NP the office )NP (PP of (NP (NP Richard Darman )NP , (NP (NP (NP director )NP (PP of (NP (NP the Office )NP (PP of (NP Management and Budget )NP )PP )NP )PP )NP , and (NP (NP (NP the administration 's )NP chief strategist )NP (PP on (NP this issue )NP )PP )NP )NP )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP He )NP (VP left (NP (NP a message )NP (VP *UNKING (NP Mr. Darman )NP (PP of (S (VP selling (PRT out )PRT )VP )S )PP )VP )NP )VP . )S  STOP
(S (NP It )NP (VP was (NP the Senate Republicans )NP , (ADVP though )ADVP , (SBAR (WHNP who )WHNP (S (VP had (VP edged (ADVP away (PP from (NP the veto strategy )NP )PP )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The stock market )NP (VP reacted (SBAR as (S (NP Mr. *UNKC )NP (VP did )VP )S )SBAR , (S (VP crumbling (SBAR as (S (NP it )NP (VP *UNKED (NP the news (SBAR that (S (NP (NP Mr. Darman 's )NP strategy )NP (VP had (VP been (VP abandoned )VP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP The stock market )NP , (PP after (NP all )NP )PP , (VP represents (NP (NP the collective expectations )NP (PP about (NP (NP the value )NP (PP of (NP (NP the future income stream )NP (PP of (NP (NP the nation 's )NP capital stock )NP )PP )NP )PP , (VP discounted (PP to (NP present value )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(SBARQ (WHADVP Why )WHADVP (SQ should (NP (NP it )NP )NP (VP be (ADJP so surprising )ADJP (SBAR that (S (NP (NP a (ADJP 30 % )ADJP cut )NP (PP in (NP the capital-gains tax )NP )PP )NP (VP would (VP have (NP (NP such an enormous impact )NP (PP on (NP (NP the value )NP (PP of (NP (NP the nation 's )NP capital stock )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP )SQ ? )SBARQ  STOP
(S (NP (NP The total value )NP (PP of (NP (ADJP privately held )ADJP assets )NP )PP )NP (VP is (ADVP easily )ADVP (NP (QP more than $ 15 trillion )QP )NP )VP . )S  STOP
(S (NP (NP The value )NP (VP traded (PP on (NP the exchanges )NP )PP )VP )NP (VP is (NP (QP close to $ 3 trillion )QP )NP )VP . )S  STOP
(SQ (SBAR If (S (NP (NP the tax )NP (PP on (NP (NP any gain )NP (PP to (NP those assets )NP )PP )NP )PP )NP (VP was (VP doubled )VP )VP )S )SBAR , would n't (NP the value )NP (VP fall (PP to (NP (NP the owners )NP (PP of (NP the assets )NP )PP )NP )PP )VP ? )SQ  STOP
(SQ Is n't (NP (NP it )NP )NP (ADJP reasonable )ADJP (S (VP to (VP assume (SBAR that (S (NP (NP the asset )NP (SBAR (S (NP you )NP (VP own )VP )S )SBAR )NP (VP would (VP be (ADJP worth (NP more )NP )ADJP (SBAR if (S (NP the government )NP (VP (ADVP suddenly )ADVP announced (SBAR that (S (SBAR if (S (NP you )NP (VP sold (NP it )NP )VP )S )SBAR , (NP you )NP (VP would (VP be (ADJP able (S (VP to (VP keep (NP (NP (ADJP 30 % )ADJP more )NP (PP of (NP its gain )NP )PP (SBAR than (S (NP you )NP (ADVP previously )ADVP (VP believed )VP )S )SBAR )NP )VP )VP )S )ADJP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP )S )SBAR )VP )VP )S ? )SQ  STOP
(S (ADVP Indeed )ADVP , (NP (NP (NP the stock market 's )NP steady advance )NP (NP this year )NP )NP (VP tracked (PP with (NP (NP (NP President Bush 's )NP success )NP (PP in (S (VP advancing (NP his capital-gains proposal )NP )VP )S )PP )NP )PP )VP . )S  STOP
(S (NP (NP A (ADJP 30 % )ADJP cut )NP (PP in (NP (NP this year 's )NP capital gains )NP )PP (ADVP alone )ADVP )NP (VP amounts (PP to (NP (QP roughly $ 50 billion )QP )NP )PP )VP . )S  STOP
(S (NP We )NP (VP 're (VP talking (NP real money )NP )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP Richard *UNKC )NP (VP advised (NP the financial press )NP (SBAR that (S (NP the market crash )NP (VP was (VP caused (PP by (NP (NP the setback )NP (PP to (NP capital gains )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S )SBAR , (NP he )NP (VP was (VP (VP (ADVP generally )ADVP ignored )VP and (VP (ADVP *UNKLY )ADVP *UNKED )VP )VP )VP . )S  STOP
(S (ADVP Instead )ADVP , (NP the press *UNK )NP (VP (ADVP readily )ADVP accepted (NP the notion (SBAR that (S (NP (NP a *UNK )NP (PP in (NP (NP the takeover financing )NP (PP of (NP United Airlines )NP )PP )NP )PP )NP (VP (VP (ADVP instantly )ADVP knocked (NP 7 % )NP (PP off (NP (NP the value )NP (PP of (NP (NP the nation 's )NP capital stock )NP )PP )NP )PP )VP and (VP caused (NP *UNK )NP (PP around (NP the world )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP was (VP pointing (PRT out )PRT (NP (NP an *UNK )NP (VP *UNKING (PP through (NP Wall Street )NP )PP )VP )NP (SBAR while (S (NP conventional wisdom )NP (VP had (VP *UNKED (PP on (NP the UAL *UNK )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(SBARQ (WHADVP Why )WHADVP (SQ is (NP this )NP (VP happening )VP )SQ ? )SBARQ  STOP
(S (PP For (NP one thing )NP )PP , (NP (NP quite a number )NP (PP of (NP (NP the leading *UNK )NP (PP on (NP Wall Street )NP )PP )NP )PP )NP (VP are not (NP (NP portfolio managers )NP , (SBAR (WHNP who )WHNP (S (VP understand (SBAR that (S (NP (NP the value )NP (PP of (NP assets )NP )PP )NP (VP is (VP (ADVP greatly )ADVP affected (PP by (SBAR (WHADVP how )WHADVP (S (NP government )NP (VP taxes (NP those assets )NP )VP )S )SBAR )PP )VP )VP )S )SBAR )VP )S )SBAR )NP )VP . )S  STOP
(S (NP They )NP (VP are (NP (NP (NP economists )NP and (NP financial reporters )NP )NP (SBAR (WHNP who )WHNP (S (VP *UNK (PP with (NP the view (SBAR that (S (NP a capital-gains tax cut )NP (VP benefits (NP the rich )NP )VP )S )SBAR )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S Yet (NP they )NP (ADVP somehow )ADVP (VP think (SBAR that (S (NP Wall Street )NP (VP is (ADJP *UNK (PP to (S (VP losing (NP (NP the tax cut )NP (SBAR (WHNP that )WHNP (S (VP (VP seemed (ADVP so close )ADVP (NP Friday morning )NP )VP and (VP is (ADVP now )ADVP (ADJP *UNK )ADJP )VP )VP )S )SBAR )NP )VP )S )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP The market rebound )NP (NP Monday )NP (VP followed (NP (NP weekend assurances )NP (PP from (NP Mr. Darman )NP )PP (SBAR that (S (NP the administration )NP (VP has (NP (NP other plans )NP (SBAR (S (VP to (VP win (NP (NP the cut )NP , (SBAR (WHNP which )WHNP (S (VP is (ADJP alive and well )ADJP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Sen. Bradley 's )NP argument )NP (VP is (SBAR that (S (NP a capital-gains tax cut )NP (VP would (VP be (ADJP bad )ADJP (PP for (NP the economy )NP )PP (PP in (NP the longer run )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP would (ADVP inevitably )ADVP (VP lead (PP to (NP (NP an increase )NP (PP in (NP marginal income-tax rates )NP )PP (PP in (NP (NP 1990 )NP )NP )PP )NP )PP (PRN , (S (NP he )NP (VP thinks )VP )S , )PRN (SBAR (WHADVP when )WHADVP (S (NP the White House )NP (VP is (VP forced (S (VP to (VP ask (PP for (NP (NP higher taxes )NP (SBAR (S (VP to (VP meet (NP budget targets )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (INTJ That is )INTJ , (SBAR with (S (NP capital gains )NP (VP cut )VP )S )SBAR , (S (NP (NP the *UNK )NP (PP of (NP the 1986 accord )NP )PP )NP (VP will (VP be (ADJP gone )ADJP )VP )VP )S , and (S (NP political *UNK )NP (VP will (VP push (PRT up )PRT (NP income-tax rates )NP )VP )VP )S . )S  STOP
(S (NP (NP The *UNK- )NP , (SBAR (WHNP which )WHNP (S (NP he )NP (VP has (VP heard )VP )VP )S )SBAR , )NP (VP is (SBAR that (S (SBAR if (S (NP (NP he )NP and (NP his fellow Democrats )NP )NP (VP are (ADJP successful (PP in (S (VP killing (NP (NP the president 's )NP proposal )NP )VP )S )PP )ADJP )VP )S )SBAR , (NP the revenue gap )NP (VP will (VP open (PRT up )PRT (ADVP *UNKLY )ADVP (PP in (NP 1990 )NP )PP (PP because of (NP the weakened economy )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP this atmosphere )NP )PP , (NP there )NP (VP would (VP be (NP (NP no serious consideration )NP (PP of (NP tax increases )NP )PP )NP )VP )VP . )S  STOP
(S (SBAR If (S (NP Sen. Bradley )NP (VP would (VP permit (NP (NP a vote )NP (PP on (NP capital gains )NP )PP )NP )VP )VP )S )SBAR , (ADVP though )ADVP , (S (NP it )NP (VP would (VP pass )VP )VP )S , (S (NP Christmas retail sales )NP (VP would (VP be (ADJP (ADJP strong )ADJP (CONJP instead of )CONJP (ADJP *UNKED (PP by (NP a falling stock market )NP )PP )ADJP )ADJP )VP )VP )S , (S (NP the 1990 economy )NP (VP would (VP be (ADJP robust )ADJP )VP )VP )S , and (S (NP (NP the revenue gains )NP (PP at (NP (NP every level )NP (PP of (NP government )NP )PP , (PP including (NP New Jersey 's )NP )PP , )NP )PP )NP (VP would (VP be (ADJP surprisingly high )ADJP )VP )VP )S . )S  STOP
(S (NP No tax increases )NP (VP would (VP be (ADJP necessary )ADJP )VP )VP . )S  STOP
(S (NP (NP The struggle )NP (PP over (NP capital gains )NP )PP )NP (VP is (NP (NP the most important game )NP (PP in (NP town )NP )PP )NP )VP . )S  STOP
(FRAG (PP (PP In (NP Washington )NP )PP and (PP on (NP Wall Street )NP )PP )PP . )FRAG  STOP
(S (NP Mr. *UNKC )NP (VP is (NP (NP president )NP (PP of (NP (NP *UNKC Inc. )NP , (PP of (NP (NP *UNKC )NP , (NP N.J )NP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Federal prosecutors )NP (VP said (SBAR (S (NP they )NP (VP have (VP obtained (NP a guilty plea )NP (PP from (NP another person )NP )PP (PP in (NP (NP (NP the government 's )NP ongoing probe )NP (PP of (NP (NP illegal payments )NP (PP in (NP the record industry )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP William Craig )NP , (NP an independent record *UNK )NP , )NP (VP pleaded (ADJP guilty (PP to (NP (NP *UNK )NP and (NP criminal tax charges )NP )NP )PP )ADJP , (PP according (PP to (NP (NP a statement )NP (VP issued (PP by (NP (NP Gary *UNKC )NP , (NP (NP the U.S. attorney )NP (ADVP here )ADVP )NP )NP )PP )VP )NP )PP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (NP (NP the practice )NP (PP of (S (VP making (NP illegal , undisclosed payments )NP (PP to (NP radio station personnel )NP )PP (PP in (NP (NP return )NP (PP for (S (VP getting (S (NP the stations )NP (VP to (VP play (NP certain *UNK )NP (PP over (NP the air )NP )PP )VP )VP )S )VP )S )PP )NP )PP )VP )S )PP )NP )VP . )S  STOP
(S (PP As (NP (NP part )NP (PP of (NP (NP his plea agreement )NP (PP with (NP the government )NP )PP )NP )PP )NP )PP , (NP the *UNK- Mr. Craig )NP (VP faces (NP (NP (QP a maximum of three )QP years )NP (PP in (NP prison )NP )PP )NP )VP . )S  STOP
(SINV (S (PP In (NP return )NP )PP , (NP Mr. Craig )NP (VP agreed (S (VP to (VP cooperate (PP in (NP (NP the government 's )NP continuing *UNK probe )NP )PP )VP )VP )S )VP )S , (VP says )VP (NP (NP a spokeswoman )NP (PP for (NP (NP the U.S. attorney 's )NP office )NP )PP )NP . )SINV  STOP
(S (NP (NP Mr. Craig )NP and (NP three others )NP )NP (VP were (VP indicted (NP last year )NP (PP as (NP (NP part )NP (PP of (NP that *UNK probe )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP Two other defendants )NP (ADVP previously )ADVP (VP pleaded (ADJP guilty )ADJP )VP )S , and (S (NP (NP charges )NP (PP against (NP the third )NP )PP )NP (VP were (VP dropped )VP )VP )S . )S  STOP
(S (NP (NP Companies )NP (VP listed (ADVP below )ADVP )VP )NP (VP reported (NP (NP quarterly profit )NP (ADJP substantially different (PP from (NP (NP the average )NP (PP of (NP (NP analysts ' )NP estimates )NP )PP )NP )PP )ADJP )NP )VP . )S  STOP
(S (NP The companies )NP (VP (VP are (VP followed (PP by (NP (QP at least three )QP analysts )NP )PP )VP )VP , and (VP had (NP (NP a minimum five-cent change )NP (PP in (NP (NP actual earnings )NP (PP per (NP share )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP (ADJP Estimated and actual )ADJP results )NP (VP involving (NP losses )NP )VP )NP (VP are (VP omitted )VP )VP . )S  STOP
(S (NP The percent difference )NP (VP compares (NP actual profit )NP (PP with (NP (NP the 30-day estimate )NP (SBAR (WHADVP where )WHADVP (S (NP (QP at least three )QP analysts )NP (VP have (VP issues (NP forecasts )NP (PP in (NP the past 30 days )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (ADVP Otherwise )ADVP , (NP actual profit )NP (VP is (VP compared (PP with (NP the 300-day estimate )NP )PP )VP )VP . )S  STOP
(S (NP Grumman Corp. )NP (VP was (VP awarded (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP Navy contract )NP (PP for (NP (NP advanced acquisition )NP (PP of (NP six *UNKC tactical control aircraft )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP LTV Corp. )NP (VP won (NP (NP a (ADJP (QP $ 25 million )QP )ADJP Army contract )NP (PP for (NP missile test equipment )NP )PP )NP )VP . )S  STOP
(S (NP Unisys Corp. )NP (VP received (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP Air Force contract )NP (PP for (NP computer programming )NP )PP )NP )VP . )S  STOP
(S (NP (NP Ford Aerospace & Communications Corp. )NP , (NP (NP a unit )NP (PP of (NP Ford Motor Co. )NP )PP )NP , )NP (VP was (VP awarded (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP Air Force contract )NP (PP for (NP computer improvements )NP )PP )NP )VP )VP . )S  STOP
(S (NP Rockwell International Corp. )NP (VP was (VP issued (NP (NP a (ADJP (QP $ 12.5 million )QP )ADJP Air Force contract )NP (PP for (NP (NP changes )NP (PP in (NP the National Aerospace *UNKC )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP The Tennessee Valley Authority )NP (VP issued (NP (NP (QP $ 4 billion )QP )NP (PP in (NP bonds )NP )PP )NP (PP in (NP (NP (NP the federal utility 's )NP first public debt offering )NP (PP in (NP 15 years )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Proceeds )NP (PP from (NP (NP the bonds )NP , (PP with (NP (NP coupon rates )NP (PP in (NP the (ADJP 8 % )ADJP range )NP )PP )NP )PP )NP )PP )NP , (VP will (VP be (VP used (S (VP to (VP replace (NP bonds )NP (PP with (NP (NP an average interest rate )NP (PP of (NP 13.1 % )NP )PP )NP )PP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP The TVA )NP (VP said (SBAR (S (NP the refinancing )NP (VP should (VP save (NP (NP (QP $ 75 million )QP )NP (NP a year )NP (PP in (NP interest payments )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The refinancing )NP (VP is (NP (NP part )NP (PP of (NP (NP (NP the TVA 's )NP strategy )NP (PP of (S (VP dealing (PP with (NP (SBAR (WHNP what )WHNP (S (VP has (VP been (NP an *UNK problem )NP )VP )VP )S )SBAR : (NP (NP its staggering (ADJP (QP $ *UNKN billion )QP )ADJP debt )NP , (SBAR (WHNP (WHNP most )WHNP (WHPP of (WHNP which )WHNP )WHPP )WHNP (S (VP is (VP owed (PP to (NP (NP the Treasury Department 's )NP Federal Financing Bank )NP )PP )VP )VP )S )SBAR )NP )NP )PP )VP )S )PP )NP )PP )NP )VP . )S  STOP
(S (NP The TVA )NP (ADVP currently )ADVP (VP plans (S (VP to (VP issue (NP (NP a total )NP (PP of (NP (QP $ 6.7 billion )QP )NP )PP (PP in (NP bonds )NP )PP )NP (S (VP to (VP *UNK (NP its *UNK- debt )NP )VP )VP )S )VP )VP )S )VP . )S  STOP
(SINV (S (NP The (ADJP (QP $ 4 billion )QP )ADJP bond issue )NP (ADVP also )ADVP (VP will (VP help (S (NP the TVA )NP (VP meet (NP (NP its goal )NP (PP of (S (VP not raising (NP rates )NP (PP for (NP another year )NP )PP )VP )S )PP )NP )VP )S )VP )VP )S , (VP said )VP (NP (NP William F. *UNKC )NP , (NP (NP the agency 's )NP chief financial officer )NP )NP . )SINV  STOP
(S (NP The bond issue )NP (VP is (NP (NP (NP TVA 's )NP first public offering )NP (SBAR since (S (NP the Financing Bank )NP (VP was (VP created (PP in (NP 1974 )NP )PP , (S (ADVP primarily )ADVP (VP to (VP finance (NP the TVA )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(S But (NP the offering )NP (ADVP almost )ADVP (VP did n't (VP happen )VP )VP . )S  STOP
(S (NP The TVA )NP , (PP in (NP fact )NP )PP , (VP decided (S (VP to (VP proceed (PP with (NP the bond offering )NP )PP )VP )VP )S (PP following (NP (NP an agreement )NP (NP last week )NP (PP with (NP (NP the Financing Bank )NP , (SBAR (WHNP which )WHNP (S (VP allows (S (NP TVA )NP (VP to (VP keep (VP borrowing (NP short term )NP (PP from (NP the bank )NP )PP (PP for (NP two years )NP )PP (SBAR after (S (NP it )NP (VP goes (PP to (NP the public market )NP )PP )VP )S )SBAR )VP )VP )VP )S )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP The Treasury )NP (VP contended (SBAR that (S (NP TVA )NP (VP could n't (VP borrow (PP from (NP both (NP it )NP and (NP the public debt market )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The (QP $ 4 billion )QP )NP (PP in (NP bonds )NP )PP )NP (VP break (PRT down )PRT (UCP (SBAR as (S (VP follows )VP : )S )SBAR (NP (NP (NP (QP $ 1 billion )QP )NP (PP in (NP five-year bonds )NP )PP (PP with (NP (NP (NP a coupon rate )NP (PP of (NP 8.25 % )NP )PP )NP and (NP (NP a yield )NP (PP to (NP maturity )NP )PP (PP of (NP *UNKN % )NP )PP )NP )NP )PP )NP ; (NP (NP (QP $ 1 billion )QP )NP (PP in (NP 10-year bonds )NP )PP (PP with (NP (NP (NP a coupon rate )NP (PP of (NP 8.375 % )NP )PP )NP and (NP (NP a yield )NP (PP to (NP maturity )NP )PP (PP of (NP *UNKN % )NP )PP )NP )NP )PP )NP ; (NP (NP (QP $ 2 billion )QP )NP (PP in (NP 30-year bonds )NP )PP (PP with (NP (NP five-year call protection )NP , (NP (NP a coupon rate )NP (PP of (NP 8.75 % )NP )PP )NP and (NP (NP a yield )NP (PP to (NP maturity )NP )PP (PP of (NP *UNKN % )NP )PP )NP )NP )PP )NP )NP )UCP )VP . )S  STOP
(SINV (VP *UNKING (NP the bond issue )NP )VP (VP is )VP (NP (NP a group )NP (PP of (NP investment banks )NP )PP (VP (VP headed (PP by (NP First Boston Corp. )NP )PP )VP and (VP *UNKED (PP by (NP (NP Goldman , Sachs & Co. )NP , (NP Merrill Lynch Capital Markets )NP , (NP Morgan Stanley & Co. )NP , and (NP Salomon Brothers Inc )NP )NP )PP )VP )VP )NP . )SINV  STOP
(S (NP *UNKC *UNK John M. *UNKC )NP (VP has (VP put (NP his money )NP (SBAR (WHADVP where )WHADVP (S (NP his *UNK )NP (VP is )VP )S )SBAR , (S (VP pouring (NP (QP $ 1.4 million )QP )NP (PP into (NP (NP (NP one )NP (PP of (NP his own funds )NP )PP )NP , (NP the *UNKC Value Fund )NP )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP owns (NP (NP shares )NP (PP (PP in (NP (NP several )NP (PP of (NP (NP the 33 funds )NP (SBAR (WHNP that )WHNP (S (NP his firm )NP (VP manages )VP )S )SBAR )NP )PP )NP )PP , but (PP (ADVP only )ADVP in (NP (NP three )NP (PP of (NP (NP the 10 )NP (ADJP available (PP to (NP U.S. investors )NP )PP )ADJP )NP )PP )NP )PP )PP )NP , (PP according (PP to (NP (NP filings )NP (PP with (NP the Securities and Exchange Commission )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP Those )NP (VP are (NP (NP *UNKC Global Income )NP , (NP Templeton *UNKING Markets )NP and (ADVP now )ADVP (NP the Value Fund )NP )NP )VP . )S  STOP
(SBARQ (WHADVP Why )WHADVP (SQ did (NP he )NP (VP add (NP the Value Fund )NP (PP to (NP the list )NP )PP )VP )SQ ? )SBARQ  STOP
(S (SBAR Because (S (NP he )NP (VP 's (ADJP very bullish )ADJP (PP on (NP (NP the emerging growth stocks )NP (SBAR (WHNP that )WHNP (S (VP make (PRT up )PRT (NP (NP the fund 's )NP portfolio )NP )VP )S )SBAR )NP )PP )VP )S )SBAR , (NP Mr. Templeton )NP (VP said (PP from (NP his *UNKC *UNK )NP )PP )VP . )S  STOP
(S `` (S (S (NP *UNKING growth stocks )NP (VP have n't (VP been (ADJP popular )ADJP (PP in (NP America )NP )PP (PP for (NP years )NP )PP )VP )VP )S , (S (NP they )NP (VP 've (VP been (VP *UNKED )VP )VP )VP )S )S (PRN , '' (S (NP he )NP (VP said )VP )S , )PRN and (S (NP their prices )NP (ADVP often )ADVP (VP trail (NP (NP the market )NP (PP as (NP a whole )NP )PP )NP )VP )S . )S  STOP
(S (NP (NP (NP Mr. Templeton 's )NP *UNK- purchase )NP (PP in (NP the closed-end fund )NP )PP )NP (VP (VP came (PP before (NP (NP (NP the U.S. stock market 's )NP plunge )NP (NP last Friday )NP )NP )PP )VP , but (VP (ADVP still )ADVP proved (ADJP slightly profitable )ADJP )VP )VP . )S  STOP
(S (NP Mr. Templeton )NP (VP bought (NP his shares )NP (PP in (NP (NP several separate purchases )NP (PP between (NP (NP Aug. 30 )NP and (NP Sept. 28 )NP )NP )PP )NP )PP , (PP according (PP to (NP (NP reports )NP (PP with (NP the SEC )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP He )NP (VP bought (PP at (NP (NP share prices )NP (VP ranging (PP (PP from (NP $ *UNKN )NP )PP (PP to (NP $ *UNKN )NP )PP )PP )VP )NP )PP )VP . )S  STOP
(S (NP The fund )NP (VP closed (NP yesterday )NP (PP in (NP New York Stock Exchange composite trading )NP )PP (PP at (NP $ *UNKN )NP )PP , (ADVP up (NP 12.5 cents )NP )ADVP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP Mr. Templeton )NP (VP received (NP (NP a dividend )NP (PP of (NP (NP 22 cents )NP (NP a share )NP )NP )PP )NP (NP Oct. 5 )NP )VP . )S  STOP
(NP *UNKC *UNKC : )NP  STOP
(S (S (NP (NP (NP A senior vice president )NP and (NP a vice president )NP )NP (PP at (NP James River Corp. )NP )PP )NP (VP sold (NP (NP the majority )NP (PP of (NP (NP their shares )NP (PP in (NP the (NAC Richmond , Va. , )NAC *UNK- concern )NP )PP )NP )PP )NP (PP in (NP (NP late August )NP and (NP early September )NP )NP )PP )VP )S , (NP (NP reports )NP (VP filed (PP with (NP the SEC )NP )PP )VP )NP (VP show )VP . )S  STOP
(S (NP (NP The executives )NP , (SBAR (WHNP who )WHNP (S (VP got (NP (NP $ *UNKN )NP (NP a share )NP )NP (PP for (NP the stock )NP )PP )VP )S )SBAR , )NP (VP showed (NP good timing )NP )VP . )S  STOP
(S (PP In (NP Big Board trading )NP )PP (NP yesterday )NP , (NP James River shares )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP down (NP 12.5 cents )NP )ADVP )VP . )S  STOP
(S (PP On (NP Sept. 6 )NP )PP , (NP (NP Robert Joseph *UNKC )NP , (NP (NP (NP the firm 's )NP senior vice president )NP (PP of (NP (UCP employee and public )UCP relations )NP )PP )NP , )NP (VP sold (NP 4,000 shares )NP , (S (VP leaving (NP himself )NP (PP with (NP (NP *UNKN shares )NP (PP of (NP James River )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (PP *UNKING (NP (NP a sale )NP (PP of (NP stock )NP )PP (NP last February )NP )NP )PP , (NP Mr. *UNKC )NP (VP has (VP sold (NP (NP 88 % )NP (PP of (NP (NP his stake )NP (PP in (NP the company )NP )PP )NP )PP )NP (NP this year )NP , (PP according (PP to (NP SEC filings )NP )PP )PP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP declined (S (VP to (VP comment )VP )VP )S (SBAR (WHADVP when )WHADVP (S (VP asked (PP about (NP the sales )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP James A. *UNKC )NP , (NP a vice president )NP , )NP (VP sold (NP 1,500 shares )NP (NP Aug. 28 )NP )VP . )S  STOP
(S (NP He )NP (ADVP still )ADVP (VP has (NP *UNKN shares )NP , (PP according (PP to (NP SEC files )NP )PP )PP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (ADVP also )ADVP (VP declined (S (VP to (VP comment )VP )VP )S )VP . )S  STOP
(NP *UNKC *UNKC : )NP  STOP
(S (NP Cincinnati Gas & Electric Co. )NP (VP *UNK (NP (NP the companies portion )NP (PP of (NP the accompanying *UNKC Trading table )NP )PP )NP (NP this week )NP )VP . )S  STOP
(S (NP (NP Three )NP (PP of (NP (NP the utility 's )NP directors )NP )PP )NP (VP have (VP (ADVP at least )ADVP doubled (NP (NP their holdings )NP (PP in (NP the company )NP )PP )NP (PP since (NP July )NP )PP )VP )VP . )S  STOP
(S (NP The largest purchase )NP (VP was (PP by (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP bought (NP *UNKN shares )NP (PP for (NP $ *UNKN )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP is (ADVP also )ADVP (NP (NP president )NP (PP of (NP *UNKC Broadcasting Co. )NP )PP )NP )VP )S )SBAR , )NP (VP said (SBAR (S (NP he )NP (VP bought (NP the shares )NP (SBAR because (S (NP he )NP (VP keeps (NP a utility account )NP (PP at (NP (NP the brokerage firm )NP (PP of (NP Salomon Brothers Inc. )NP )PP , (SBAR (WHNP which )WHNP (S (VP had (VP recommended (NP the stock )NP (PP as (NP a good buy )NP )PP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Salomon Brothers )NP (VP confirmed (SBAR that (S (NP it )NP (VP has (VP had (NP a buy recommendation )NP (PP on (NP the stock )NP )PP (PP for (NP (QP about two )QP years )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP Cincinnati Gas & Electric )NP (VP is (PP in (NP good shape )NP )PP )VP )S (PRN , '' (S (NP Mr. *UNKC )NP (VP said )VP )S , )PRN and (S (NP utilities )NP (VP are `` (NP a good investment )NP (SBAR because (S (NP interest rates )NP (VP are (VP going (ADVP down )ADVP )VP )VP )S )SBAR )VP )S . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP paid (NP (NP an average )NP (PP of (NP $ *UNKN )NP )PP )NP (PP for (NP each share )NP )PP )VP . )S  STOP
(S (NP The stock )NP (VP closed (NP yesterday )NP (PP on (NP the Big Board )NP )PP (PP at (NP $ *UNKN )NP )PP , (ADVP down (NP 12.5 cents )NP )ADVP )VP . )S  STOP
(S (S (NP The two other directors )NP (VP bought (NP (QP 1,000 and *UNKN )QP shares )NP , (ADVP respectively )ADVP , (PP at (NP (NP prices )NP (PP between (NP (NP (NP $ *UNKN )NP (NP a share )NP )NP and (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )NP )PP )VP )S , (NP (NP filings )NP (PP with (NP the SEC )NP )PP )NP (VP show )VP . )S  STOP
(S (NP The two )NP (VP could n't (VP be (VP reached (PP for (NP comment )NP )PP )VP )VP )VP . )S  STOP
(S (NP A company spokesman )NP (VP said (SBAR (S (NP he )NP (VP could n't (VP explain (NP their sudden *UNK )NP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP I )NP (VP do n't (VP know (PP of (NP (NP any news )NP or (NP (NP anything unusual )NP (VP happening (ADVP here )ADVP )VP )NP )NP )PP )VP )VP )S , '' (VP said )VP (NP (NP Bruce *UNKC )NP , (NP (NP director )NP (PP of (NP media services )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP Peter *UNKC )NP (PP in (NP Pittsburgh )NP )PP )NP (VP contributed (PP to (NP this article )NP )PP )VP . )S  STOP
(S (NP T. Rowe Price Associates Inc. )NP (VP said (SBAR (S (NP directors )NP (VP recommended (SBAR (S (NP stockholders )NP (VP approve (NP (NP a 2-for-1 stock split )NP and (NP (NP an increase )NP (PP in (NP authorized shares )NP )PP (PP to (NP (QP 25 million )QP )NP )PP (PP from (NP (QP 10 million )QP )NP )PP )NP )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP will (VP vote (PP on (NP the proposal )NP )PP (PP at (NP a meeting )NP )PP (NP Dec. 13 )NP )VP )VP . )S  STOP
(S (NP T. Rowe Price )NP (VP is (NP (NP an investment adviser )NP (PP to (NP (NP mutual funds )NP , (NP institutions )NP and (NP individuals )NP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP (NP one )NP (PP of (NP (NP the first *UNK *UNK- cases )NP (SBAR (S (VP to (VP go (PP to (NP trial )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP , (NP a *UNK- jury )NP (VP decided (PP in (NP (NP favor )NP (PP of (NP (NP the defendant )NP , (NP Burlington Industries Inc )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The verdict )NP , (VP reached (NP late last week )NP (PP in (NP Cincinnati )NP )PP )VP , )NP (VP may (VP end (NP (NP an *UNK- legal battle )NP (PP for (NP the (NAC *UNKC , N.C. , )NAC carpet maker )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Glenn and Sharon *UNKC )NP (PP of (NP Cincinnati )NP )PP )NP (VP had (VP sued (NP the *UNK - *UNK )NP (PP in (NP 1981 )NP )PP (PP after (S (VP *UNKING (NP Burlington *UNK )NP (PP in (NP their office )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S (NP The *UNKC )NP (VP alleged (SBAR that (S (NP (NP toxic *UNK )NP (PP from (NP the *UNK )NP )PP )NP (VP made (S (NP them )NP (ADJP sick )ADJP )S )VP )S )SBAR )VP . )S  STOP
(S (PP As (NP (NP a result )NP (PP of (NP their *UNK )NP )PP )NP )PP (PRN , (S (NP the *UNKC )NP (VP said )VP )S , )PRN (NP they )NP (VP lost (NP (NP (QP $ 1.8 million )QP )NP (PP in (NP wages and earnings )NP )PP )NP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP they )NP (VP said (SBAR that (S (NP (NP months )NP (PP of (NP (NP exposure )NP (PP to (NP the chemicals )NP )PP )NP )PP )NP (VP has (VP left (S (NP them )NP (ADJP sensitive (PP to (NP (NP a wide range )NP (PP of (NP (ADJP commonly used )ADJP *UNK )NP )PP )NP )PP )ADJP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The case )NP (VP had (VP been (VP (ADVP closely )ADVP watched (SBAR because (S (NP attorneys )NP (VP anticipate (NP (NP increasing litigation )NP (ADVP nationally )ADVP (PP over (NP the so-called *UNKING syndrome )NP )PP )NP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP (NP *UNKC ' )NP lawyers )NP (VP say (SBAR that (S (NP buildings )NP (VP become `` (ADJP sick )ADJP '' (SBAR (WHADVP when )WHADVP (S (NP (NP inadequate fresh air )NP and (NP poor *UNK systems )NP )NP (VP lead (S (NP *UNK )NP (VP to (VP build (PRT up )PRT (ADVP inside )ADVP )VP )VP )S )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Anthony J. *UNKC )NP , (NP (NP a lawyer )NP (PP for (NP Burlington )NP )PP )NP , )NP (VP said (SBAR (S (NP the company )NP (VP believes (SBAR (S (NP (NP the *UNKC ' )NP symptoms )NP (VP were not (ADJP related (PP to (NP the *UNKING )NP )PP )ADJP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (SBAR that (S (NP (NP ill effects )NP (PP from (NP new *UNK )NP )PP )NP (VP *UNK (NP themselves )NP (ADVP immediately )ADVP )VP )S )SBAR but (SBAR that (S (NP (NP the *UNKC ' )NP symptoms )NP (VP appeared (ADVP (NP months )NP later )ADVP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP the Beebes ' )NP lawyer )NP , )NP (VP said (SBAR (S (NP the verdict )NP (VP would not (VP discourage (NP other plaintiffs )NP (PP from (S (VP filing (NP such suits )NP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (S (NP Scientists )NP (VP are (ADVP only )ADVP (VP beginning (S (VP to (VP understand (SBAR (WHNP what )WHNP (S (VP causes (NP *UNKING syndrome )NP )VP )S )SBAR )VP )VP )S )VP )VP )S and (S (NP (NP much )NP (PP of (NP that research )NP )PP )NP (VP was (ADJP unavailable )ADJP (SBAR (WHADVP when )WHADVP (S (NP the Beebes )NP (VP filed (NP the case )NP )VP )S )SBAR )VP )S )S , (NP she )NP (VP said )VP . )S  STOP
(S (NP The Beebes )NP (ADVP now )ADVP (VP believe (SBAR that (S (NP (NP a prime *UNK )NP (PP for (NP their injuries )NP )PP )NP (VP was (NP (NP *UNK )NP (PP from (NP (NP an *UNK )NP (VP used (PP in (NP the *UNKING )NP )PP )VP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (S But (NP the Beebes )NP (VP did n't (VP come (PP to (NP that conclusion )NP )PP (SBAR until (S (NP (NP time limits )NP )NP (VP had (VP *UNKED (PP for (S (VP adding (NP the *UNK maker )NP (PP as (NP (NP a defendant )NP (PP in (NP the case )NP )PP )NP )PP )VP )S )PP )VP )VP )S )SBAR )VP )VP )S , (NP Ms. Adams )NP (VP said )VP . )S  STOP
(S (NP The Beebes )NP (VP have not (ADVP yet )ADVP (VP decided (SBAR whether (S (VP to (VP appeal )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP *UNKC *UNKC development opponents )NP (VP are (VP dealt (NP setback )NP )VP )VP . )S  STOP
(S (NP (NP The *UNKC Division )NP (PP of (NP New York State Supreme Court )NP )PP )NP (VP dismissed (NP (NP six lawsuits )NP (VP attempting (S (VP to (VP block (NP (NP a (ADJP (QP $ 2.5 billion )QP )ADJP project )NP (VP planned (PP for (NP (NP *UNK Street )NP (PP in (NP Manhattan )NP )PP )NP )PP )VP )NP )VP )VP )S )VP )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP the project )NP )PP )NP (VP had (VP claimed (SBAR that (S (NP (NP the city and the state )NP (PP of (NP New York )NP )PP , (SBAR (WHNP which )WHNP (S (VP are (VP *UNKING (NP the project )NP )VP )VP )S )SBAR , )NP (VP had (VP failed (S (VP to (VP *UNK (PP to (NP environmental guidelines )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP All )NP (PP but (NP two )NP )PP (PP of (NP (NP the (QP 40 or so )QP lawsuits )NP (SBAR (WHNP that )WHNP (S (VP have (VP been (VP filed (PP since (NP (NP the project 's )NP 1984 approval )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP (VP have (VP been (VP dismissed (PP before (NP the trial stage )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP The two )NP (SBAR (WHNP that )WHNP (S (VP remain )VP )S )SBAR )NP (VP have n't (ADVP yet )ADVP (VP reached (NP the *UNK- *UNKING stage )NP )VP )VP . )S  STOP
(S (NP State officials )NP (VP said (SBAR (S (NP (NP the court 's )NP ruling )NP (VP *UNK (NP the way )NP (PP for (NP (NP proceedings )NP (SBAR (S (VP to (VP *UNK (NP (NP buildings )NP (PP in (NP the area )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP This project )NP (VP is (ADJP ready (S (VP to (VP move )VP )VP )S )ADJP )VP )S , '' (VP said )VP (NP State Urban Development Corp. Chairman Vincent *UNKC )NP . )SINV  STOP
(S But (NP (NP developers )NP (PP of (NP four planned office *UNK )NP )PP )NP (VP cautioned (SBAR that (S (NP obstacles )NP (ADVP still )ADVP (VP remain )VP )S )SBAR )VP . )S  STOP
(S (PP As (NP (NP part )NP (PP of (NP (NP the agreement )NP (PP with (NP the state )NP )PP )NP )PP )NP )PP , (NP (NP the developers )NP -- (NP (NP a partnership )NP (PP of (NP (NP Park Tower Realty )NP and (NP (NP Prudential Insurance Co. )NP (PP of (NP America )NP )PP )NP )NP )PP )NP -- )NP (VP said (SBAR (S (NP they )NP (VP would not (VP proceed (PP with (NP *UNK proceedings )NP )PP (SBAR while (S (NP there )NP (VP was (NP `` (NP significant litigation )NP '' (VP pending )VP )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Park Tower General *UNKC *UNKC Mayer )NP (VP said (SBAR (S (NP the development team )NP (VP will (VP have (S (VP to (VP review (NP two additional lawsuits )NP (PP before (S (VP putting (PRT up )PRT (NP (NP a (ADJP (QP $ 155 million )QP )ADJP letter )NP (PP of (NP credit )NP )PP (SBAR (S (VP to (VP cover (NP *UNK costs )NP )VP )VP )S )SBAR )NP )VP )S )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Also )ADVP (PRN , (S (NP he )NP (VP said )VP )S , )PRN (NP the partnership )NP (VP is (VP waiting (S (VP to (VP see (SBAR whether (S (NP (NP the appellate division 's )NP ruling )NP (VP will (VP be (VP appealed )VP )VP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The plan )NP , (SBAR (WHNP which )WHNP (S (VP has (VP been (VP plagued (PP with (NP (NP delays )NP and (NP *UNKED setbacks )NP )NP )PP )VP )VP )VP )S )SBAR , )NP (VP seeks (S (VP to (VP transform (NP the area )NP (PP from (NP a *UNK *UNK )NP )PP (PP to (NP a (ADJP more *UNK )ADJP office and theater district )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP State and city officials )NP (VP are (ADVP still )ADVP (VP negotiating (PP with (NP developers )NP )PP (S (VP to (VP (VP *UNK (NP historic theaters )NP )VP and (VP build and operate (NP a (NX (NX merchandise mart )NX and (NX hotel )NX )NX )NP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP FEDERAL *UNKC )NP (VP *UNKC (NP (NP role )NP (PP of (NP U.S. courts )NP )PP (PP in (NP *UNK decisions )NP )PP )NP )VP . )S  STOP
(S (NP (NP U.S. District Judge Jack B. *UNKC )NP (PP of (NP (NP Brooklyn )NP , (NP N.Y. )NP , )NP )PP )NP (VP ruled (SBAR that (S (NP (NP a man )NP (VP *UNKED (PP in (NP (NP an attack )NP (PP on (NP an Israeli passenger bus )NP )PP (PP in (NP 1986 )NP )PP )NP )PP )VP )NP (VP can (VP be (VP *UNKED (PP to (NP Israel )NP )PP (PP for (NP trial )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP A *UNK )NP (VP had (ADVP initially )ADVP (VP refused (NP the request )NP , (S (VP ruling (SBAR that (S (NP the attack )NP (VP had (VP been (NP (NP a political act )NP (SBAR (WHPP for (WHNP which )WHNP )WHPP (S (NP (NP the man )NP , (NP *UNKC *UNKED *UNKC )NP , )NP (VP would (VP be (ADJP exempt (PP from (NP (NP *UNK )NP )NP )PP )ADJP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(S (ADVP However )ADVP , (NP Judge *UNKC )NP (VP wrote (PP in (NP his opinion )NP )PP (NP late last month )NP (SBAR that (S (NP (NP (NP terrorism )NP and (NP (NP acts )NP (PP of (NP war )NP )PP )NP )NP (PP against (NP *UNK )NP )PP )NP (VP can not (VP be (VP defined (PP as (NP political acts )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Judge *UNKC )NP (ADVP also )ADVP (VP ruled (SBAR that (S (NP judges )NP (VP must (VP consider (PP prior (PP to (NP *UNK )NP )PP )PP (SBAR whether (S (NP the defendant )NP (VP will (VP be (VP treated (ADVP fairly )ADVP (PP in (NP a foreign court )NP )PP )VP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (S (VP To (VP do (ADVP so )ADVP )VP )VP )S (PRN , (S (NP the judge )NP (VP said )VP )S , )PRN (NP the U.S. courts )NP (VP must (VP review (NP (NP the judicial process )NP (PP in (NP the foreign country )NP )PP )NP (ADVP *UNKLY (PP of (NP (NP the State Department 's )NP assessment )NP )PP )ADVP )VP )VP . )S  STOP
(S (NP He )NP (VP said (SBAR that (S (PP in (NP this case )NP )PP (NP he )NP (VP *UNKED (PP with (NP (NP the State Department 's )NP decision (SBAR that (S (NP Mr. *UNKC )NP (VP should (VP be (VP *UNKED )VP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Mr. *UNKC 's )NP lawyer )NP (VP said (SBAR (S (NP he )NP (VP would (VP appeal )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Lawyers )NP (ADJP close (PP to (NP the case )NP )PP )ADJP )NP (VP said (SBAR (S (NP they )NP (VP believed (SBAR (S (NP the ruling )NP (VP was (ADJP unprecedented )ADJP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (PP Up (PP until (NP now )NP )PP )PP (NP the courts )NP (VP have (VP said (SBAR (S (NP (NP it )NP )NP (VP is not (NP their role )NP (S (VP to (VP *UNK (NP (NP the foreign country 's )NP courts )NP )VP )VP )S )VP )S )SBAR )VP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP the assistant U.S. attorney )NP (PP on (NP the case )NP )PP )NP )NP . )SINV  STOP
(S (NP (NAC *UNKC *UNKC *UNKC (PP to (NP the U.S. )NP )PP )NAC *UNKC E. *UNKC )NP (VP has (VP joined (NP (NP the Philadelphia law firm )NP (PP of (NP *UNKC , Hamilton & *UNKC )NP )PP )NP (PP as (NP a consultant )NP )PP )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP serves (PP as (NP (NP a consultant )NP (PP to (NP (NP *UNKC , *UNKC )NP , (NP (NP one )NP (PP of (NP (NP Canada 's )NP biggest law firms )NP )PP )NP , )NP )PP )NP )PP )VP )S )SBAR )NP (VP is (VP advising (NP (NP *UNKC Hamilton 's )NP Washington office )NP (PP on (NP (NP legal matters )NP (ADJP related (PP to (NP (NP *UNKC investment )NP , (NP corporate finance )NP and (NP international transactions )NP )NP )PP )ADJP )NP )PP )VP )VP . )S  STOP
(FRAG (ADJP *UNKC )ADJP : )FRAG  STOP
(S (S (PP In (NP (NP a speech )NP (VP prepared (PP for (NP (NP delivery )NP (PP in (NP New York )NP )PP (NP yesterday )NP )NP )PP )VP )NP )PP , (NP retired Justice Lewis *UNKC )NP (VP *UNKED (NP the notion (SBAR that (S (NP the last Supreme Court term )NP (VP marked (NP (NP a turn )NP (PP toward (NP *UNK )NP )PP )NP )VP )S )SBAR )NP )VP )S : `` (S (NP (NP *UNKC )NP (SBAR (WHNP who )WHNP (S (VP agreed (PP on (NP (NP little )NP (ADJP else )ADJP )NP )PP )VP )S )SBAR )NP (VP (ADVP unanimously )ADVP *UNKED (NP (NP a ` shift )NP (PP in (NP direction )NP )PP ' (PP on (NP the court )NP )PP )NP )VP )S ... . )S  STOP
(S (NP I )NP (VP take (NP these *UNK )NP , (PP like (NP (NP many )NP (SBAR (WHNP that )WHNP (S (VP have (VP *UNKED (NP them )NP (PP in (NP past years )NP )PP )VP )VP )S )SBAR )NP )PP , (PP with (NP (NP a grain )NP (PP of (NP *UNK )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP (NP an era )NP (PP of (NP ` (NP sound *UNK )NP ' and (NP instant opinion polls )NP )NP )PP )NP )PP (NP (NP it )NP )NP (VP is (ADJP dangerous )ADJP (S (VP to (VP apply (NP broad labels )NP (PP to (NP a single term )NP )PP )VP )VP )S )VP . )S  STOP
(PRN -LRB- (S (PP During (NP its centennial year )NP )PP , (NP The Wall Street Journal )NP (VP will (VP report (NP (NP events )NP (PP of (NP the past century )NP )PP (SBAR (WHNP that )WHNP (S (VP stand (PP as (NP (NP milestones )NP (PP of (NP American business history )NP )PP )NP )PP )VP )S )SBAR )NP )VP )VP . )S -RRB- )PRN  STOP
(S (NP (NP THE *UNKC *UNKC *UNKC )NP , (SBAR (WHADVP *UNKC )WHADVP (S (NP *UNKC )NP (VP *UNKC (PP into (NP Israel )NP )PP (PP on (NP (NP Oct. 6 , 1973 )NP , (NP (NP the *UNK day )NP (PP in (NP the Jewish calendar )NP )PP )NP )NP )PP )VP )S )SBAR , )NP (VP *UNKED (NP (QP barely a )QP month )NP )VP . )S  STOP
(S But (NP one *UNK- effect )NP (VP is (ADVP still )ADVP (PP with (NP us )NP )PP )VP . )S  STOP
(S (NP The Arab states )NP , (ADJP always *UNKLY *UNK (PP of (NP (NP U.S. support )NP (PP toward (NP Israel )NP )PP )NP )PP )ADJP , (VP realized (SBAR (S (NP they )NP (VP held (NP (NP an *UNK weapon )NP -- (NP oil )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Early (PP in (NP October )NP )PP )ADVP , (NP (NP six Arab nations )NP (PP in (NP the *UNKC Gulf )NP )PP )NP (VP *UNKED (PRT up )PRT (NP prices )NP (ADVP sharply )ADVP )VP . )S  STOP
(S (PP On (NP Oct. 22 )NP )PP , (S (VP led (PP by (NP (NP Saudi Arabia )NP , (NP (NP the world 's )NP largest *UNK )NP )NP )PP )VP )S , (NP they )NP (VP *UNKED (NP (NP oil shipments )NP (PP (PP to (NP the U.S. )NP )PP and (PP to (NP (NP the Netherlands )NP , (NP (NP Israel 's )NP *UNK European ally )NP )NP )PP )PP )NP )VP . )S  STOP
(S (NP The timing )NP (VP was (ADJP perfect )ADJP )VP . )S  STOP
(S (NP The *UNKC )NP (VP had (VP tried (NP *UNK )NP (ADVP before )ADVP )VP )VP . )S  STOP
(S (PP In (NP *UNKN )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP Britain , France and Israel )NP (VP *UNKED (NP *UNKC )NP (S (VP to (VP seize (NP the Suez *UNKC )NP )VP )VP )S )VP )S )SBAR , (NP Arab producers )NP (VP cut (PRT off )PRT (NP (NP supplies )NP (PP to (NP Europe )NP )PP )NP )VP . )S  STOP
(S (NP Texas )NP (ADVP simply )ADVP (VP pumped (ADVP harder )ADVP )VP . )S  STOP
(S (NP U.S. oil supplies )NP , (ADVP however )ADVP , (VP (VP had (VP peaked (PP in (NP 1970 and 1971 )NP )PP )VP )VP and (VP (PP by (NP 1973 )NP )PP were (VP declining )VP )VP )VP . )S  STOP
(S (NP (NP Imports )NP , then (NP (NP (QP six million )QP barrels )NP (NP a day )NP )NP , )NP (VP came (PP (ADVP primarily )ADVP from (NP Venezuela and Canada )NP )PP )VP . )S  STOP
(S But (NP Middle East supplies )NP (VP were (VP growing (PP in (NP importance )NP )PP )VP )VP . )S  STOP
(S (PP By (NP 1973 )NP )PP , (NP the U.S. )NP (VP was (VP bringing (PRT in )PRT (NP (NP (NP (QP two million )QP barrels )NP (PP of (NP Arab oil )NP )PP (NP a day )NP )NP , (NP (NP (QP more than 10 )QP % )NP (PP of (NP (NP the (QP *UNKN million )QP barrels )NP (VP consumed (ADVP daily )ADVP )VP )NP )PP )NP )NP )VP )VP . )S  STOP
(S (NP *UNKC and economics )NP (VP *UNKED )VP . )S  STOP
(S (NP (NP Japan and Europe )NP , (ADJP (ADJP far more dependent (PP on (NP Mideast oil )NP )PP )ADJP (PP than (NP the U.S. )NP )PP )ADJP , )NP (VP would n't (VP (VP *UNK (NP the *UNKC )NP )VP or (VP trade (PRT off )PRT (NP their precious supplies )NP )VP )VP )VP . )S  STOP
(S (S (NP The U.S. )NP (VP did (VP manage (S (VP to (VP supply (NP the Dutch )NP (PP with (NP oil )NP )PP (PP by (S (VP *UNKING (NP supplies )NP )VP )S )PP )VP )VP )S )VP )VP )S ; (S (SBAR once (S (NP oil )NP (VP is (VP shipped )VP )VP )S )SBAR , (NP no one )NP (VP can (VP tell (NP its source )NP )VP )VP )S . )S  STOP
(S (S But (NP *UNK- Americans )NP (VP *UNKED )VP )S , and (SINV (ADVP so )ADVP (VP did )VP (NP (NP the U.S. )NP and (NP other *UNKING governments )NP )NP )SINV . )S  STOP
(S (NP `` *UNKC '' and `` crisis '' )NP (VP became (NP *UNK words )NP , (SBAR although (S (NP neither )NP (ADVP really )ADVP (VP applied )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The spot *UNK )NP (SBAR (WHNP that )WHNP (S (VP showed (PRT up )PRT )VP )S )SBAR )NP (VP were (ADVP largely )ADVP (NP (NP the result )NP (PP of (NP (NP confusion )NP (PRN -LRB- (NP (NP much )NP (PP of (NP it )NP )PP (PP in (NP Washington )NP )PP )NP -RRB- )PRN )NP )PP )NP , (SBAR though (S (NP that )NP (VP was (NP cold comfort )NP (PP for (NP (NP drivers )NP (VP waiting (PP in (NP *UNK- lines )NP )PP (PP at (NP the gas *UNK )NP )PP )VP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The *UNK )NP (VP lasted (NP (QP only six )QP months )NP )VP )S , but (S (NP the price *UNK )NP (VP became (NP (NP a fact )NP (PP of (NP life )NP )PP )NP )VP )S . )S  STOP
(S (SBAR (WHNP What )WHNP (S (NP the Arabs )NP (VP started )VP )S )SBAR , (NP inflation )NP (VP finished )VP . )S  STOP
(S (UCP (ADVP Once )ADVP and (PP for (NP all )NP )PP )UCP , (NP (NP (ADJP $ *UNK- )ADJP crude oil )NP and (NP *UNK- gasoline )NP )NP (VP were (NP history )NP )VP . )S  STOP
(S (S (NP Times )NP (VP may (VP be (ADJP tough )ADJP (PP on (NP Wall Street )NP )PP (PP for (NP some )NP )PP )VP )VP )S , but (S (NP a few bosses )NP (VP are (VP making (NP (NP (NP as much )NP (PP as (ADVP ever )ADVP )PP )NP -- or (NP more )NP )NP )VP )VP )S . )S  STOP
(S (PP At (NP Bear Stearns Cos. )NP )PP , (PP for (NP example )NP )PP , (NP (NP the 15 executive officers )NP (VP led (PP by (NP Chairman Alan `` *UNKC '' Greenberg )NP )PP )VP )NP (VP got (NP (NP a pay increase )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP (PP for (NP (NP the *UNK- period )NP (VP ended (NP June 30 )NP )VP )NP )PP )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP (PP for (NP (NP the 12 months )NP (VP ended (NP April 30 , 1988 )NP )VP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The figures )NP (VP do n't (VP include (NP (NP substantial dividends )NP (PP on (NP (NP holdings )NP (PP of (NP Bear Stearns stock )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Mr. Greenberg )NP (NP himself )NP )NP (VP was (VP paid (NP (NP (QP $ 4.5 million )QP )NP )NP , (PP before (NP (NP an estimated (QP $ 1.5 million )QP )NP (PP in (NP dividends )NP )PP )NP )PP , (ADVP up (PP from (NP (QP $ 2.4 million )QP )NP (NP (NP the year )NP (ADVP before )ADVP )NP )PP )ADVP )VP )VP . )S  STOP
(S (NP The increase )NP (VP is (VP noted (PP in (NP (NP (NP the brokerage firm 's )NP latest proxy statement )NP (VP filed (PP with (NP the Securities and Exchange Commission )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (SBAR Because (S (NP it )NP (VP operates (PP on (NP a fiscal year )NP )PP )VP )S )SBAR , (NP (NP Bear Stearns 's )NP yearly filings )NP (VP are (ADJP available )ADJP (ADVP (ADVP much earlier )ADVP (PP than (NP (NP those )NP (PP of (NP other firms )NP )PP )NP )PP )ADVP )VP . )S  STOP
(S (NP The latest period )NP (VP includes (NP (NP 14 months )NP (CONJP instead of )CONJP (NP 12 )NP )NP (SBAR because (S (NP Bear Stearns )NP (VP changed (PP to (NP (NP a fiscal year )NP (VP ending (PP in (NP June (CONJP instead of )CONJP April )NP )PP )VP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP Bear Stearns 's )NP 650 stock and bond salesmen )NP (VP saw (NP *UNK *UNK )NP (PP over (NP the past year )NP )PP , (SBAR (WHNP which )WHNP (S (NP the company )NP (VP says (SBAR (S (VP reflected (NP (NP lower commission revenue )NP (VP caused (PP by (NP (NP a decline )NP (PP in (NP (NP investor activity )NP (PP in (NP the markets )NP )PP )NP )PP )NP )PP )VP )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (ADVP However )ADVP , (NP Bear Stearns )NP (PP on (NP Monday )NP )PP (VP reported (NP (NP improved earnings )NP (PP for (NP (NP its first quarter )NP , (VP ended (NP Sept. 29 )NP )VP , )NP )PP )NP (PP (ADVP partly )ADVP because of (NP (NP a (ADVP 31 % )ADVP increase )NP (PP in (NP commissions )NP )PP (PP during (NP the quarter )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP William J. *UNKC )NP , (NP chief financial officer )NP , )NP (VP defended (NP (NP the *UNK salaries )NP (PP at (NP Bear Stearns )NP )PP )NP )VP . )S  STOP
(S `` (S (S (NP (NP All )NP (PP of (NP us )NP )PP )NP (VP are (PP on (NP (NP a base salary )NP (PP of (NP $ 200,000 )NP )PP )NP )PP (SBAR if (S (NP the firm )NP (VP makes (NP nothing )NP )VP )S )SBAR )VP )S -- and (S (NP that )NP (VP 's (ADJP pretty low )ADJP (ADVP (ADVP as far )ADVP (SBAR as (S (NP Wall Street )NP (VP goes )VP )S )SBAR )ADVP )VP )S )S , '' (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (ADVP However )ADVP , (NP Bear Stearns )NP (VP has (ADVP never )ADVP (VP had (NP an unprofitable year )NP (PP since (NP (NP its founding )NP (ADVP (NP 65 years )NP ago )ADVP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Four Bear Stearns executives )NP (PP besides (NP the *UNK- Mr. Greenberg )NP )PP )NP (VP were (VP paid (NP (NP (QP $ 3 million )QP (QP or more )QP )NP (PP before (NP dividends )NP )PP )NP (PP for (NP (NP the 14 months )NP (VP ended (PP in (NP June )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (PP According (PP to (NP the proxy statement )NP )PP )PP , (S (NP (NP James E. *UNKC )NP , (NP 55 )NP , (NP (NP Bear Stearns 's )NP president )NP , )NP (VP made (NP (QP $ 3.9 million )QP )NP )VP )S ; (S (NP (NP an executive vice president )NP , (NP Michael L. *UNKC )NP , (NP 53 )NP , )NP (VP made (NP (QP nearly $ 3.4 million )QP )NP )VP )S ; and (S (NP (NP two executive vice presidents )NP , (NP (NP (NP Vincent J. *UNKC )NP , (NP 44 )NP , )NP and (NP (NP William J. *UNKC )NP , (NP 42 )NP , )NP )NP )NP (VP made (NP (NP (QP about $ 3.3 million )QP )NP (NP each )NP )NP )VP )S . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP the firm )NP (VP has (NP (NP a `` straight *UNK formula '' )NP (PP for (S (VP determining (NP compensation )NP )VP )S )PP , (PP based (PP on (NP (NP the firm 's )NP earnings )NP )PP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S `` (S (SBAR Just because (S (NP (NP a particular element )NP (PP of (NP the firm )NP )PP )NP (VP is (ADVP down )ADVP , '' (PP such as (NP *UNK )NP )PP )VP )S )SBAR , `` (VP does n't (VP mean (SBAR (S (NP the executive committee )NP (VP should (VP be (VP paid (NP less )NP )VP )VP )VP )S )SBAR )VP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP Morgan Grenfell Group PLC )NP (VP said (SBAR (S (NP (NP John *UNKC )NP , (NP group chief executive officer )NP , )NP (VP is (VP taking (ADVP over )ADVP (NP (NP the *UNK )NP (PP of (NP the merchant banking group )NP )PP )NP (PP from (NP (NP Sir Peter *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP is (VP retiring )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP will (VP remain (NP (NP a member )NP (PP of (NP (NP the merchant bank 's )NP board )NP )PP )NP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (VP (ADVP widely )ADVP credited (PP with (S (VP *UNKING (NP (NP Morgan Grenfell 's )NP *UNK )NP (PP on (NP its core corporate finance , fund management and banking activities )NP )PP (PP over (NP the past year )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S (NP Last year )NP , (NP Morgan Grenfell )NP (VP shut (ADVP down )ADVP (NP its ailing U.K. securities operations )NP )VP . )S  STOP
(S (S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP (NP his move )NP (PP to (NP the *UNK )NP )PP )NP (VP means (SBAR (S (NP he )NP (VP will (VP take (NP (NP a (ADJP less active )ADJP role )NP (PP in (NP (NP the day-to-day management )NP (PP of (NP the group )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP )S , but (S (NP he )NP (VP added (SBAR that (S (NP (NP the merchant bank 's )NP strategic focus )NP (VP remains (ADJP unchanged )ADJP )VP )S )SBAR )VP )S . )S  STOP
(S (NP Mr. *UNKC )NP (VP joined (NP Morgan Grenfell )NP (PP as (NP group chief executive )NP )PP (PP in (NP May 1987 )NP )PP , (PP (NP a few months )NP after (NP (NP the resignations )NP (PP of (NP (NP former Chief Executive Christopher *UNKC )NP and (NP other top officials )NP )NP )PP (PP because of (NP (NP (NP the merchant bank 's )NP role )NP (PP in (NP (NP (NP Guinness PLC 's )NP controversial takeover )NP (PP of (NP (NP *UNKC 's )NP Co. )NP )PP (PP in (NP 1986 )NP )PP )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Morgan Grenfell )NP (VP had (VP advised (NP Guinness )NP (PP on (NP (NP the bid )NP , (SBAR (WHNP which )WHNP (S (VP was (VP *UNKED (PP by (NP allegations (SBAR that (S (NP Guinness )NP (VP used (NP *UNK means )NP (S (VP to (VP support (NP (NP the bid 's )NP value )NP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP Morgan Grenfell )NP (VP said (SBAR (S (NP (NP Michael *UNKC )NP , (NP currently group deputy chief executive )NP , )NP (VP will (VP assume (NP the chief executive position )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The merchant bank )NP (ADVP also )ADVP (VP announced (SBAR that (S (NP finance director David *UNKC )NP (VP is (VP taking (NP early retirement )NP (PP for (NP personal reasons )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP His duties )NP (VP will (VP be (VP taken (PRT over )PRT (PP by (NP (NP Anthony *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP has (VP been (VP elected (S (NP deputy chairman )NP )S )VP )VP )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP News )NP (PP of (NP (NP Mr. *UNKC 's )NP retirement )NP )PP )NP (VP comes (SBAR (NP one day )NP after (S (NP Morgan )NP (VP said (SBAR that (S (NP Christopher *UNKC )NP (VP resigned (PP as (NP (NP chairman )NP (PP of (NP (NP Morgan 's )NP banking subsidiary )NP )PP )NP )PP (S (VP to (VP join (NP a financial services firm )NP )VP )VP )S )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (S (NP both Messrs. *UNKC and Whittington )NP (VP had (VP planned (S (VP to (VP leave (NP the bank )NP (ADVP earlier )ADVP )VP )VP )S )VP )VP )S , but (S (NP Mr. *UNKC )NP (VP had (VP persuaded (NP them )NP (S (VP to (VP remain (SBAR until (S (NP the bank )NP (VP was (PP in (NP a healthy position )NP )PP )VP )S )SBAR )VP )VP )S )VP )VP )S )S )SBAR )VP . )S  STOP
(S `` (SBAR If (S (NP there )NP (VP 's (NP (NP any *UNK )NP (PP about (NP the departures )NP )PP )NP )VP )S )SBAR (NP it )NP (VP 's (SBAR that (S (NP they )NP (VP are (VP leaving (PP at (NP (NP a time )NP (SBAR (WHADVP when )WHADVP (S (NP the business )NP (VP is (UCP (PP in (NP (ADJP reasonably good )ADJP shape )NP )PP and (VP going (ADVP forward )ADVP (ADVP very well )ADVP )VP )UCP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Last month )NP , (NP Morgan Grenfell )NP (VP announced (SBAR (S (NP its pretax profit )NP (VP rose (NP *UNKN % )NP (PP to (NP (QP # *UNKN million )QP )NP )PP (PP in (NP the first half )NP )PP , (S (VP boosted (PP by (NP (NP a healthy growth )NP (PP in (NP its (ADJP domestic and international )ADJP corporate finance business )NP )PP )NP )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The following )NP (VP were (PP among (NP (NP (NP yesterday 's )NP offerings and pricings )NP (PP in (NP the U.S. and non-U.S. capital markets )NP )PP )NP )PP , (PP with (NP (NP terms )NP and (NP syndicate manager )NP )NP )PP , (SBAR as (S (VP compiled (PP by (NP Dow Jones Capital Markets Report )NP )PP )VP )S )SBAR )VP : )S  STOP
(NP (NP Lockheed Corp. )NP -- (NP (NP (QP $ 300 million )QP )NP (PP of (NP (NP (ADJP (QP 9 3\/8 )QP % )ADJP notes )NP (ADJP due (NP Oct. 15 , 1999 )NP )ADJP , (VP priced (PP at (NP *UNKN )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )NP )PP )NP . )NP  STOP
(S (NP The issue )NP (VP was (VP priced (PP at (PP (NP (NP a spread )NP (PP of (NP (NP *UNKN basis points )NP )NP )PP )NP above (NP (NP the Treasury 's )NP 10-year note )NP )PP )PP )VP )VP . )S  STOP
(S (S (VP (VP Rated (S (ADJP single-A-3 )ADJP )S (PP by (NP (NP Moody 's )NP Investors Service Inc. )NP )PP )VP and (VP (ADJP *UNK- )ADJP (PP by (NP (NP Standard & Poor 's )NP Corp. )NP )PP )VP )VP )S , (NP the issue )NP (VP will (VP be (VP sold (PP through (NP (NP underwriters )NP (VP led (PP by (NP Goldman , Sachs & Co )NP )PP )VP )NP )PP )VP )VP )VP . )S  STOP
(NP (NP California Health *UNKC Financing Authority )NP -- (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP (NP revenue bonds )NP (PP for (NP Kaiser *UNKC )NP )PP , (ADJP due (NP *UNKN , 2004 , 2008 , *UNKN and 2019 )NP )ADJP , (VP (ADVP tentatively )ADVP priced (PP by (NP a PaineWebber Inc. group )NP )PP (S (VP to (VP yield (PP (PP from (NP (NP 6.25 % )NP (PP in (NP 1993 )NP )PP )NP )PP (PP to (NP (NP *UNKN % )NP (PP in (NP 2018 )NP )PP )NP )PP )PP )VP )VP )S )VP )NP )PP )NP . )NP  STOP
(S (NP Serial bonds )NP (VP were (VP priced (S (VP to (VP yield (NP (QP to *UNKN )QP % )NP (PP in (NP 1999 )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP There )NP (VP are (NP (NP (NP (QP about $ 10 million )QP )NP (PP of (NP (NP (ADJP 7 % )ADJP bonds )NP (VP priced (PP at (NP (QP 99 1\/4 )QP )NP )PP (S (VP to (VP yield (NP *UNKN % )NP (PP in (NP 2004 )NP )PP )VP )VP )S )VP )NP )PP )NP ; (NP (NP (QP about $ 15 million )QP )NP (PP of (NP (NP (ADJP 7 % )ADJP bonds )NP (VP priced (PP at (NP (QP 98 1\/2 )QP )NP )PP (S (VP to (VP yield (NP *UNKN % )NP (PP in (NP 2008 )NP )PP )VP )VP )S )VP )NP )PP )NP ; (NP (NP (QP about $ *UNKN million )QP )NP (PP of (NP (NP (ADJP 7 % )ADJP bonds )NP (VP priced (PP at (NP (QP 97 1\/4 )QP )NP )PP (S (VP to (VP yield (NP *UNKN % )NP (PP in (NP 2018 )NP )PP )VP )VP )S )VP )NP )PP )NP ; and (NP (NP (QP about $ 15 million )QP )NP (PP of (NP (NP (ADJP (QP 6 3\/4 )QP % )ADJP bonds )NP (VP priced (S (VP to (VP yield (NP *UNKN % )NP (PP in (NP 2019 )NP )PP )VP )VP )S )VP )NP )PP )NP )NP )VP . )S  STOP
(S (NP The bonds )NP (VP are (VP (VP rated (S (ADJP *UNK- )ADJP )S (PP by (NP Moody 's )NP )PP )VP and (VP (ADJP double-A )ADJP (PP by (NP S&P )NP )PP )VP , (PP according (PP to (NP the lead underwriter )NP )PP )PP )VP )VP . )S  STOP
(NP (NP Pennsylvania *UNKC Education *UNKC Authority )NP -- (NP (NP (QP approximately $ *UNKN million )QP )NP (PP of (NP (NP revenue bonds )NP (PP for (NP *UNKC University )NP )PP , (NP Series 1989 )NP , (ADJP due (NP *UNKN , 2009 and 2019 )NP )ADJP , (VP priced (NP late Monday )NP (PP by (NP a Merrill Lynch Capital Markets group )NP )PP (S (VP to (VP yield (PP (PP from (NP (NP 6 % )NP (PP in (NP 1990 )NP )PP )NP )PP (PP to (NP (NP *UNKN % )NP (PP in (NP 2019 )NP )PP )NP )PP )PP )VP )VP )S )VP )NP )PP )NP . )NP  STOP
(S (NP Serial bonds )NP (VP were (VP priced (S (VP to (VP yield (PP (PP from (NP (NP 6 % )NP (PP in (NP 1990 )NP )PP )NP )PP (PP to (NP (NP 7.10 % )NP (PP in (NP *UNKN )NP )PP )NP )PP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP There )NP (VP are (NP (NP (NP (QP about $ *UNKN million )QP )NP (PP of (NP (NP (ADJP 7.2 % )ADJP term bonds )NP (ADJP due (NP 2009 )NP )ADJP , (VP priced (S (VP to (VP yield (NP 7.25 % )NP )VP )VP )S )VP )NP )PP )NP , and (NP (NP (QP about $ *UNKN million )QP )NP (PP of (NP (NP (ADJP 7.2 % )ADJP term bonds )NP (ADJP due (NP 2019 )NP )ADJP , (VP priced (PP at (NP 99 )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )NP )PP )NP )NP )VP . )S  STOP
(S (NP The bonds )NP (VP are (VP (VP (VP insured )VP and (VP rated (S (ADJP triple-A )ADJP )S )VP )VP (PP by (NP (NP Moody 's )NP and (NP S&P )NP )NP )PP )VP )VP . )S  STOP
(NP (NP Connecticut )NP -- (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP (NP general obligation capital appreciation bonds )NP , (NP College Savings Plan )NP , (NP 1989 Series B )NP , (VP priced (PP by (NP a Prudential-Bache Capital Funding group )NP )PP )VP )NP )PP )NP . )NP  STOP
(S (NP The zero-coupon bonds )NP (VP were (VP priced (S (VP to (VP yield (PP to (NP maturity )NP )PP (PP (PP from (NP (NP 6.25 % )NP (PP in (NP 1994 )NP )PP )NP )PP (PP to (NP (NP *UNKN % )NP (PP in (NP *UNKN , 2007 and 2009 )NP )PP )NP )PP )PP )VP )VP )S )VP )VP . )S  STOP
(S (S (S (NP The bonds )NP (VP have (VP received (NP (NP a rating )NP (PP of (ADJP *UNK- )ADJP )PP )NP (PP from (NP Moody 's )NP )PP )VP )VP )S , and (S (NP a *UNK- rating )NP (VP is (VP expected (PP from (NP S&P )NP )PP )VP )VP )S )S , (NP the underwriter )NP (VP said )VP . )S  STOP
(NP (NP Oregon )NP -- (NP (NP (QP $ 100 million )QP )NP (PP of (NP (NP (NP general obligation *UNK ' )NP tax notes )NP , (NP Series 1989 )NP , (UCP (VP dated (S (NP Nov. 1 , 1989 )NP )S )VP , and (ADJP due (NP Nov. 1 , 1990 )NP )ADJP , )UCP (PP through (NP a Chemical Securities Inc. group )NP )PP )NP )PP )NP . )NP  STOP
(S (NP The group )NP (VP is (VP offering (NP (NP the notes )NP (VP priced (PP as (NP (ADJP (QP 6 3\/4 )QP % )ADJP securities )NP )PP (S (VP to (VP yield (NP 6.25 % )NP )VP )VP )S )VP )NP )VP )VP . )S  STOP
(S (NP The notes )NP (VP are (VP (VP rated (S (ADJP *UNKC )ADJP )S (PP by (NP Moody 's )NP )PP )VP and (VP (ADJP *UNKC )ADJP (PP by (NP S&P )NP )PP )VP )VP )VP . )S  STOP
(NP (NP (NP University )NP (PP of (NP *UNKC and *UNKC )NP )PP (PP of (NP New Jersey )NP )PP )NP -- (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP (NP Series C bonds )NP (VP priced (PP by (NP a Prudential-Bache Capital Funding group )NP )PP )VP )NP )PP )NP . )NP  STOP
(S (NP (NP The bonds )NP , (VP (VP rated (S (ADJP single-A )ADJP )S (PP by (NP Moody 's )NP )PP )VP and (VP (ADJP double-A )ADJP (PP by (NP S&P )NP )PP )VP )VP , )NP (VP were (VP priced (S (VP to (VP yield (PP (PP from (NP (NP *UNKN % )NP (PP in (NP 1992 )NP )PP )NP )PP (PP to (NP (NP *UNKN % )NP (PP in (NP 2019 )NP )PP )NP )PP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP All *UNK bonds )NP )NP (VP are (VP being (VP offered (PP at (NP par )NP )PP (PP except (NP (NP those )NP (ADJP due (NP *UNKN )NP )ADJP )NP )PP )VP )VP )VP . )S  STOP
(NP (NP Federal Home Loan Mortgage Corp. )NP -- (NP (NP (QP $ 500 million )QP )NP (PP of (NP (NP Remic mortgage securities )NP (VP being (VP offered (PP in (NP eight classes )NP )PP (PP by (NP Salomon Brothers Inc )NP )PP )VP )VP )NP )PP )NP . )NP  STOP
(S (NP (NP The offering )NP , (NP Series 104 )NP , )NP (VP is (VP backed (PP by (NP Freddie Mac (ADJP 9 % )ADJP securities )NP )PP )VP )VP . )S  STOP
(S (NP The issue )NP (VP used (NP *UNK- pricing )NP )VP . )S  STOP
(NP (NP Federal National Mortgage Association )NP -- (NP (NP (QP $ 350 million )QP )NP (PP of (NP (NP Remic mortgage securities )NP (VP being (VP offered (PP in (NP 11 classes )NP )PP (PP by (NP Greenwich Capital Markets )NP )PP )VP )VP )NP )PP )NP . )NP  STOP
(S (NP (NP The offering )NP , (NP Series *UNKN )NP , )NP (VP is (VP (VP backed (PP by (NP Fannie Mae (ADJP (QP 9 1\/2 )QP % )ADJP securities )NP )PP )VP and (VP used (NP *UNK- pricing )NP )VP )VP )VP . )S  STOP
(S (NP The issue )NP (VP (VP brings (NP (NP Fannie Mae 's )NP 1989 Remic issuance )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP )VP and (VP (NP (NP its total volume )NP )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (SBAR since (S (NP the program )NP (VP began (PP in (NP April 1987 )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(NP (NP (NP *UNKC Electric *UNKC Co . )NP (PRN -LRB- (NP Japan )NP -RRB- )PRN )NP -- (NP (NP (QP $ 150 million )QP )NP (PP of (NP (NP bonds )NP (ADJP due (NP Nov. 2 , 1993 )NP )ADJP , (PP with (NP (NP equity-purchase warrants )NP , (VP indicating (NP (NP a (ADJP 4 % )ADJP coupon )NP (PP at (NP par )NP )PP )NP )VP , )NP )PP (PP via (NP Nomura International Ltd )NP )PP )NP )PP )NP . )NP  STOP
(S (NP Each (ADJP $ 5,000 )ADJP bond )NP (VP carries (NP (NP one warrant )NP , (ADJP exercisable (PP (PP from (NP Nov. 16 , 1989 , )NP )PP (PP through (NP Oct. 19 , 1993 , )NP )PP )PP (S (VP to (VP buy (NP company shares )NP (PP at (NP (NP an expected premium )NP (PP of (NP (QP 2 1\/2 )QP % )NP )PP (PP to (NP the closing share price )NP )PP )NP )PP )VP )VP )S (SBAR (WHADVP when )WHADVP (S (NP terms )NP (VP are (VP fixed (NP Oct. 24 )NP )VP )VP )S )SBAR )ADJP )NP )VP . )S  STOP
(NP (NP (NP *UNKC Co . )NP (PRN -LRB- (NP Japan )NP -RRB- )PRN )NP -- (NP (NP (QP $ 150 million )QP )NP (PP of (NP (NP bonds )NP (ADJP due (NP Nov. 1 , 1993 )NP )ADJP , (PP with (NP equity-purchase warrants )NP )PP , (VP indicating (NP (NP a (ADJP 4 % )ADJP coupon )NP (PP at (NP par )NP )PP )NP )VP , (PP via (NP Daiwa Europe Ltd )NP )PP )NP )PP )NP . )NP  STOP
(S (NP Each (ADJP $ *UNKN )ADJP bond )NP (VP carries (NP (NP one warrant )NP , (ADJP exercisable (PP (PP from (NP Nov. 15 , 1989 , )NP )PP (PP to (NP Oct. 18 , 1993 , )NP )PP )PP (S (VP to (VP buy (NP company shares )NP (PP at (NP (NP an expected premium )NP (PP of (NP (QP 2 1\/2 )QP % )NP )PP (PP to (NP the closing share price )NP )PP )NP )PP )VP )VP )S (SBAR (WHADVP when )WHADVP (S (NP terms )NP (VP are (VP fixed (NP Oct. 23 )NP )VP )VP )S )SBAR )ADJP )NP )VP . )S  STOP
(NP (NP (NP *UNKC Steel Co . )NP (PRN -LRB- (NP Korea )NP -RRB- )PRN )NP -- (NP (NP (QP $ 50 million )QP )NP (PP of (NP (NP bonds )NP (ADJP due (NP Nov. 8 , 1994 )NP , )ADJP (PP with (NP equity-purchase warrants )NP )PP , (VP indicating (NP (NP a (ADJP (QP 1 1\/4 % to 1 3\/4 % )QP )ADJP coupon )NP (PP at (NP par )NP )PP )NP )VP , (PP via (NP (NP Merrill Lynch International Ltd. )NP and (NP *UNKC *UNKC Securities Co )NP )NP )PP )NP )PP )NP . )NP  STOP
(S (NP Each (ADJP $ 5,000 )ADJP bond )NP (VP carries (NP (NP one warrant )NP , (ADJP exercisable (PP (PP from (NP May 8 , 1991 , )NP )PP (PP through (NP Oct. 8 , 1994 , )NP )PP )PP (S (VP to (VP buy (NP company shares )NP (PP at (NP (NP an expected premium )NP (PP of (NP (QP 75 % to 85 % )QP )NP )PP (PP to (NP the closing share price )NP )PP )NP )PP )VP )VP )S (SBAR (WHADVP when )WHADVP (S (NP terms )NP (VP are (VP fixed (NP Oct. 18 )NP )VP )VP )S )SBAR )ADJP )NP )VP . )S  STOP
(NP (NP (NP *UNKC International Funding PLC )NP (PRN -LRB- (NP U.K. parent )NP -RRB- )PRN )NP -- (NP (NP (QP 150 million )QP Australian dollars )NP (PP of (NP (NP (ADJP (QP 15 3\/8 )QP % )ADJP bonds )NP (ADJP due (NP Nov. 8 , 1996 , )NP )ADJP (VP priced (PP at (NP (QP 101 3\/4 )QP )NP )PP (S (VP to (VP yield (NP (NP *UNKN % )NP (PP less (NP full fees )NP )PP )NP )VP )VP )S )VP , (PP via (NP *UNK Morgan Securities Ltd )NP )PP )NP )PP )NP . )NP  STOP
(S (VP Guaranteed (PP by (NP *UNKC PLC )NP )PP )VP . )S  STOP
(NP Fees 2 . )NP  STOP
(NP (NP Tennessee Valley Authority )NP -- (NP (NP A (ADJP (QP $ 4 billion )QP )ADJP , *UNK- offering )NP (PP of (NP (NP power bonds )NP (VP priced (PP through (NP (NP an underwriting group )NP (VP led (PP by (NP First Boston Corp )NP )PP )VP )NP )PP )VP )NP )PP )NP . )NP  STOP
(S (NP (NP The size )NP (PP of (NP the issue )NP )PP )NP (VP was (VP increased (PP from (NP an (ADJP originally planned )ADJP (QP $ 3 billion )QP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The first part )NP , (VP consisting (PP of (NP (NP (QP $ 2 billion )QP )NP (PP of (NP (NP bonds )NP (ADJP due (NP Oct. 1 , 2019 , )NP )ADJP (PP with (NP a five-year *UNK- provision )NP )PP )NP )PP )NP )PP )VP , )NP (VP was (VP priced (PP as (NP (ADJP (QP 8 3\/4 )QP % )ADJP securities )NP )PP (PP at (NP *UNKN )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP The 30-year issue )NP (VP was (VP priced (PP at (PP (NP (NP a spread )NP (PP of (NP 105 basis points )NP )PP )NP above (NP (NP the Treasury 's )NP 30-year bellwether bond )NP )PP )PP )VP )VP . )S  STOP
(S (NP (NP The second part )NP , (VP consisting (PP of (NP (NP (QP $ 1 billion )QP )NP (PP of (NP (NP noncallable bonds )NP (ADJP due (NP Oct. 1 , 1999 )NP )ADJP )NP )PP )NP )PP )VP , )NP (VP was (VP priced (PP as (NP (ADJP (QP 8 3\/8 )QP % )ADJP securities )NP )PP (PP at (NP *UNKN )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP The 10-year issue )NP (VP was (VP priced (PP at (PP (NP (NP a spread )NP (PP of (NP 43 basis points )NP )PP )NP above (NP (NP the Treasury 's )NP 10-year note )NP )PP )PP )VP )VP . )S  STOP
(S (NP (NP The third part )NP , (VP consisting (PP of (NP (NP (QP $ 1 billion )QP )NP (PP of (NP (NP noncallable bonds )NP (ADJP due (NP Oct. 1 , 1994 )NP )ADJP )NP )PP )NP )PP )VP , )NP (VP was (VP priced (PP as (NP (ADJP (QP 8 1\/4 )QP % )ADJP securities )NP )PP (PP at (NP *UNKN )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP The five-year issue )NP (VP was (VP priced (PP at (PP (NP (NP a spread )NP (PP of (NP 43 basis points )NP )PP )NP above (NP (NP the Treasury 's )NP comparable note )NP )PP )PP )VP )VP . )S  STOP
(S (NP The issue )NP (VP is (VP (VP rated (S (ADJP triple-A )ADJP )S (PP by (NP Moody 's )NP )PP )VP and (VP (ADJP triple-A )ADJP (PP by (NP S&P )NP )PP )VP )VP )VP . )S  STOP
(S (NP Par Pharmaceutical Inc. )NP (VP said (SBAR (S (NP it )NP (VP (VP named (NP (NP its interim (NX (NX president )NX and (NX chief executive officer )NX )NX )NP , (NP Kenneth I. *UNKC )NP , )NP (PP to (NP those posts )NP )PP (ADVP *UNKLY )ADVP )VP , and (VP elected (NP him )NP (PP to (NP the board )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Par )NP (ADVP also )ADVP (VP said (SBAR (S (NP it )NP (VP was (VP advised (PP by (NP (NP the U.S. attorney )NP (PP for (NP Maryland )NP )PP )NP )PP (SBAR that (S (NP it )NP (VP is (NP (NP one )NP (PP of (NP (NP a number )NP (PP of (NP (NP companies )NP (VP being (VP *UNKED (PP by (NP a federal grand jury )NP )PP (PP for (NP (NP alleged violations )NP (PP of (NP the federal Food , Drug and *UNKC Act )NP )PP )NP )PP )VP )VP )NP )PP )NP )PP )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Par )NP , (NP (NP a *UNK- maker )NP (SBAR (WHNP that )WHNP (S (VP has (VP been (VP plagued (PP by (NP management problems )NP )PP )VP )VP )VP )S )SBAR )NP , )NP (VP was (ADVP already )ADVP (NP (NP the subject )NP (PP of (NP (NP (NP a federal criminal inquiry )NP (PP into (NP the *UNK- process )NP )PP )NP and (NP a Food and Drug Administration investigation )NP )NP )PP )NP )VP . )S  STOP
(S (NP A Par spokesman )NP (VP said (SBAR (S (NP he )NP (VP understood (SBAR (S (NP (NP the criminal investigation )NP (PP in (NP Maryland )NP )PP )NP (VP *UNK (PP to (NP (NP matters )NP (SBAR (S (NP Par )NP (VP disclosed (PP in (NP (NP July )NP , (SBAR (WHADVP when )WHADVP (S (NP Par )NP (VP said (SBAR (S (NP it )NP (VP filed (NP false drug information )NP (PP with (NP the FDA )NP )PP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP At (NP the time )NP )PP , (NP the company )NP (VP said (SBAR (S (NP it )NP (VP (VP was (VP *UNKING (NP (NP one )NP (PP of (NP its drugs )NP )PP )NP )VP )VP and (VP had (VP stopped (S (VP selling (NP two others )NP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The spokesman )NP (VP said (SBAR (S (NP he )NP (ADVP also )ADVP (VP understood (SBAR that (S (NP the inquiry )NP (VP related (PP to (NP (NP the existence )NP (PP of (NP an `` *UNK- '' production book )NP )PP )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP The book )NP (VP noted (NP (NP changes )NP (VP made (PP at (NP the manufacturing level )NP )PP )VP (SBAR (WHNP that )WHNP (S (VP were n't (VP disclosed (PP to (NP the FDA )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Par )NP (VP said (SBAR (S (NP it )NP (VP is (VP *UNKING (PP in (NP the investigation )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Also )ADVP (NP yesterday )NP , (NP (NP *UNKC Patel )NP , (NP (NP a former Par official )NP (SBAR (WHNP who )WHNP (S (VP pleaded (ADJP guilty (PP to (S (VP providing (NP an FDA employee )NP (NP (NP an illegal *UNK )NP (PP of (NP $ 3,000 )NP )PP )NP )VP )S )PP )ADJP )VP )S )SBAR )NP , )NP (VP was (VP sentenced (PP by (NP a federal judge )NP )PP (PP in (NP Baltimore )NP )PP (PP to (NP (NP (NP one year )NP (PP of (NP community service )NP )PP )NP and (NP a (ADJP (QP $ 150,000 )QP )ADJP fine )NP )NP )PP )VP )VP . )S  STOP
(S (NP Mr. Patel )NP (ADVP also )ADVP (VP was (VP placed (PP on (NP (NP three years ' )NP *UNK )NP )PP )VP )VP . )S  STOP
(S (NP Mr. Patel )NP (VP resigned (PP as (NP (NP senior vice president )NP (PP of (NP Par )NP )PP )NP )PP (PP in (NP April )NP )PP )VP . )S  STOP
(S (PP In (NP July )NP )PP , (NP (NP Par )NP and (NP a *UNKED unit )NP )NP (VP agreed (S (VP to (VP plead (ADJP guilty )ADJP (PP in (NP that inquiry )NP )PP , (SBAR as (SINV did (NP another former Par official )NP )SINV )SBAR )VP )VP )S )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP began (S (VP running (NP the company )NP (PP on (NP an interim basis )NP )PP (PP in (NP late September )NP )PP )VP )S )VP . )S  STOP
(S (NP Par )NP (VP said (SBAR (S (NP it )NP (VP selected (NP him )NP (PP for (NP (NP the posts )NP (PP of (NP (NP president )NP and (NP chief executive )NP )NP )PP )NP )PP (PP on (NP a permanent basis )NP )PP (PP because of (NP (NP (NP his experience )NP (PP in (NP the industry )NP )PP )NP and (NP (NP his performance )NP (PP at (NP Par )NP )PP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC Levine )NP , (NP chairman )NP , )NP (VP said (SBAR (S (NP Mr. *UNKC )NP (VP had (VP `` taken (NP (NP significant steps )NP '' (SBAR (S (VP to (VP restore (NP (NP the company 's )NP (NX (NX credibility )NX and (NX (NX sense )NX (PP of (NP *UNK and integrity )NP )PP )NX )NX )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP (ADVP Just )ADVP after (NP midnight )NP )PP (NP Monday )NP , (NP federal spending )NP (VP started (S (VP to (VP drop (PP by (NP (QP $ 16 billion )QP )NP )PP )VP )VP )S )VP . )S  STOP
(X (SBARQ (WHNP What )WHNP (SQ do (NP you )NP (VP say )VP (S (NP (NP we )NP (NP all )NP )NP (VP (VP close (PRT down )PRT (NP the *UNK game )NP )VP , (VP go (NP home )NP )VP and (VP bank (NP the (QP $ 16 billion )QP )NP )VP )VP )S )SQ ? )SBARQ )X  STOP
(S (S (NP That )NP (VP 's (ADVP essentially )ADVP (SBAR (WHNP what )WHNP (S (NP budget director Richard Darman )NP (VP is (VP suggesting )VP )VP )S )SBAR )VP )S , and (S (NP we )NP (VP think (SBAR (S (NP he )NP (VP deserves (NP (NP as much support )NP (SBAR as (S (NP he )NP (VP can (VP get )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )S . )S  STOP
(S (SBAR If (S (S (NP human beings )NP (VP ca n't (VP cut (NP federal spending )NP (ADVP *UNKLY )ADVP )VP )VP )S (PRN -- and (S (NP they )NP (VP ca n't )VP )S -- )PRN )S )SBAR (VP let (S (NP the computers )NP (VP do (NP it )NP )VP )S )VP . )S  STOP
(S (NP Congress )NP , (PP with (NP (NP a measure )NP (PP of (NP White House *UNK )NP )PP )NP )PP , (VP has (VP been (VP *UNKING (NP the spending accounts )NP (PP for (NP years )NP )PP (PP under (NP (NP the cover )NP (PP of (NP *UNK appropriations bills )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(PRN (S -LRB- (ADVP Indeed )ADVP (PP without (NP earlier *UNK )NP )PP , (NP (NP the current *UNK )NP (PP of (NP (QP $ 16 billion )QP )NP )PP )NP (VP would (VP have (VP been (ADJP even larger )ADJP )VP )VP )VP . )S -RRB- )PRN  STOP
(S (NP We )NP (VP suspect (SBAR (S (NP voters )NP (VP are (VP fed (PRT up )PRT (PP with (NP the *UNKING )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (VP Consider , (PP for (NP instance )NP )PP , (SBAR that (S (NP even (NP yesterday 's )NP (ADJP widely *UNKED )ADJP *UNK )NP (VP is (ADJP likely (S (VP to (VP be (VP *UNKED )VP )VP )VP )S )ADJP (SBAR if (S (NP (NP business )NP (PP as (ADJP usual )ADJP )PP )NP (VP is (VP allowed (S (VP to (VP prevail )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP Under (NP the law )NP )PP , (NP (NP (NP Gramm-Rudman 's )NP *UNK- )NP (PP in (NP federal programs )NP )PP )NP (VP are (VP supposed (S (VP to (VP be (ADJP permanent )ADJP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Social Security )NP and (NP (NP spending )NP (PP for (NP poor people )NP )PP )NP )NP (VP are (VP *UNKED )VP )VP . )S  STOP
(S (ADVP However )ADVP , (NP (NP (NP the Associated Press 's )NP account )NP (PP of (NP (NP the Monday *UNK order )NP (VP signed (PP by (NP President Bush )NP )PP )VP )NP )PP )NP (VP (ADVP *UNKLY )ADVP captured (NP (NP the *UNK )NP (SBAR (S (NP Congress )NP (VP shows )VP )S )SBAR (PP toward (NP (NP the notion )NP (PP of (NP a (ADJP legally *UNKING )ADJP commitment )NP )PP )NP )PP )NP )VP : )S  STOP
(S `` (NP Lawmakers )NP (VP have (VP been (VP saying (PP for (NP weeks )NP )PP (SBAR that (S (NP they )NP (VP plan (S (VP to (VP roll (PRT back )PRT (NP the cuts )NP (ADVP (ADVP as soon )ADVP (SBAR as (S (NP they )NP (VP agree (PP to (NP (NP a compromise )NP (PP on (NP a *UNKING bill )NP )PP )NP )PP )VP )S )SBAR )ADVP )VP )VP )S )VP )S )SBAR )VP )VP )VP . '' )S  STOP
(S (NP (NP Mr. Darman 's )NP *UNK (S (VP to (VP save (NP the *UNK )NP )VP )VP )S )NP (VP was (VP backed (PRT up )PRT (NP yesterday )NP (PP by (NP White House Press Secretary Marlin Fitzwater )NP )PP )VP )VP : )S  STOP
(S `` (NP There )NP (VP is (NP some feeling )NP (ADVP here )ADVP (SBAR that (S (NP the cuts )NP (VP are (NP (NP the way )NP (SBAR (S (VP to (VP go )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP will (VP reduce (NP spending )NP (PP in (NP a (ADJP very effective )ADJP fashion )NP )PP )VP )VP . '' )S  STOP
(S (NP This attitude )NP (VP is (VP being (VP *UNKED (PRT away )PRT (PP by (NP (NP *UNK )NP (PP around (NP Washington )NP )PP )NP )PP (PP as (NP (NP little more )NP (PP than (NP tough talk )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP It )NP (VP looks (PP to (NP us )NP )PP (PP like (NP a golden opportunity (SBAR for (S (NP George Bush )NP (VP to (VP *UNK (PRT off )PRT (PP at (NP the *UNK )NP )PP (NP (NP all this talk )NP (PP about (NP a *UNK , *UNK presidency )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Mr. Bush )NP (VP would (VP be (VP acting (PP in (NP the public interest )NP )PP (SBAR if (S (NP he )NP (VP let (NP (NP (NP the Washington *UNK )NP (SBAR (WHNP who )WHNP (S (VP *UNK (NP these budgets )NP )VP )S )SBAR )NP -- (NP (NP the bureaucrats )NP , (NP the lobbyists )NP , (NP the congressional staffers )NP )NP -- )NP (VP live (PP for (NP (QP just one )QP year )NP )PP (PP on (NP a restricted *UNK )NP )PP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (S (VP *UNKC (NP *UNKC *UNKC )NP )VP )S ; (S (NP thin )NP (VP is (ADVP in )ADVP )VP )S . )S  STOP
(S (S (NP Senator Phil *UNKC )NP (VP pointed (PRT out )PRT (NP Monday )NP (SBAR that (S (PP in (NP (NP the 20 years )NP (SBAR before (S (NP Gramm-Rudman )NP (VP was (VP enacted (PP in (NP 1985 )NP )PP )VP )VP )S )SBAR )NP )PP , (NP federal spending )NP (VP grew (PP by (NP (NP (QP about 11 )QP % )NP (NP a year )NP )NP )PP )VP )S )SBAR )VP )S ; (S (PP since (NP the law )NP )PP , (NP it )NP (VP 's (VP grown (PP at (NP (NP (QP under 5 )QP % )NP (ADVP annually )ADVP )NP )PP )VP )VP )S . )S  STOP
(S (NP (NP Another major factor )NP (PP in (NP this positive trend )NP )PP )NP (VP was (NP (NP (NP Ronald Reagan 's )NP decision )NP (ADVP early (PP in (NP his presidency )NP )PP )ADVP (S (VP to (VP fight (NP the budget war )NP (PP on (NP the expenditure side )NP )PP (PP rather than (S (VP raising (NP taxes )NP )VP )S )PP )VP )VP )S )NP )VP . )S  STOP
(S (NP (NP (NP George Bush 's )NP continued support )NP (PP of (NP the tax *UNK )NP )PP )NP (VP *UNK (NP (NP this strategy )NP (PP of (S (VP *UNKING (S (NP Congress )NP (VP to (VP make (NP choices )NP (PP among (NP competing priorities )NP )PP , (PP rather than (S (VP (ADVP just )ADVP saying (INTJ yes )INTJ (PP to (NP (NP all the *UNK *UNK- *UNK )NP (SBAR (WHNP that )WHNP (S (VP fill (NP the *UNKC trough )NP )VP )S )SBAR )NP )PP )VP )S )PP )VP )VP )S )VP )S )PP )NP )VP . )S  STOP
(S (SBAR If (S (NP (NP Washington 's )NP *UNK )NP (ADVP ever )ADVP (VP succeed (PP in (S (VP *UNKING (NP the tax *UNK )NP )VP )S )PP )VP )S )SBAR , (NP Americans )NP (VP will (VP be (VP *UNKED (PP in (NP (NP a red sea )NP (PP of (NP (NP new spending programs )NP , (PP such as (NP *UNKED child care )NP )PP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP *UNKC care )NP (VP was (NP (NP one )NP (PP of (NP (NP the many `` *UNK '' bills )NP (VP pulled (ADVP out (PP of (NP (NP the Senate 's )NP reconciliation bill )NP )PP )ADVP (NP last Friday )NP )VP )NP )PP )NP )VP . )S  STOP
(S (NP Others )NP (VP were (NP (NP the capital-gains cut )NP , (NP Section 89 repeal )NP , (NP the disabled workers bill )NP , and (NP (NP the unprecedented *UNK )NP (PP of (NP the catastrophic health act )NP )PP )NP )NP )VP . )S  STOP
(S (S (NP All this stuff )NP (ADVP still )ADVP (VP is (PP in (NP (NP the House 's )NP *UNK- reconciliation bill )NP )PP )VP )S , and (S (NP many Members )NP (VP say (SBAR (S (NP they )NP (VP 're (ADJP reluctant (S (VP to (VP pull (PRT out )PRT (NP *UNKED bills )NP , (S (ADVP just )ADVP (VP to (VP see (S (NP them )NP (VP die )VP )S )VP )VP )S )VP )VP )S )ADJP )VP )S )SBAR )VP )S . )S  STOP
(S (NP Republicans )NP (VP (ADVP especially )ADVP want (NP (NP a guarantee )NP (PP from (NP the House leadership )NP )PP (SBAR that (S (NP they )NP (VP 'll (VP get (NP (NP an *UNK- vote )NP (PP on (NP the bills )NP )PP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP House Speaker Foley )NP (VP ought (S (VP to (VP deliver (NP that promise )NP )VP )VP )S )VP . )S  STOP
(S (NP This )NP (VP is (NP (NP the way )NP (SBAR (S (NP government )NP (VP is (VP supposed (S (VP to (VP work , (PP with (S (NP politicians )NP (VP taking (NP responsibility )NP (PP for (NP (NP votes )NP (SBAR (WHNP that )WHNP (S (NP their constituents )NP (VP can (VP identify )VP )VP )S )SBAR )NP )PP , (PP instead of (S (VP *UNKING (NP them )NP (PP in (NP the great reconciliation *UNK truck )NP )PP )VP )S )PP )VP )S )PP )VP )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP We )NP (VP have (NP (NP as much *UNK )NP (PP as (NP anyone )NP )PP (PP for (NP (NP those *UNK , *UNK days )NP (PP in (NP Washington )NP )PP (SBAR (WHADVP when )WHADVP (S (NP *UNK men and women )NP (VP (VP *UNKED (PP over (NP budgets )NP )PP )VP and (ADVP even )ADVP (VP *UNKED (NP a bit )NP (S (VP to (VP see (SBAR (SBAR that (S (S (NP the bridges )NP (VP got (VP build )VP )VP )S , (S (NP roads )NP (VP *UNKED )VP )S , (S (NP soldiers )NP (VP paid )VP )S )S )SBAR or (SBAR that (S (NP the (ADJP desperately poor )ADJP )NP (VP were (VP *UNKED (PP for )PP )VP )VP )S )SBAR )SBAR )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP Those days )NP (VP are (ADJP gone )ADJP )VP . )S  STOP
(SINV Nor do (NP we )NP (VP see (NP (NP any reason )NP (SBAR (S (VP to (VP believe (SBAR that (S (NP (NP a metropolitan Washington )NP (SBAR (WHNP that )WHNP (S (VP has (VP gotten (ADJP fat and rich and *UNK )ADJP (PP in (NP (NP the shadow )NP (PP of (NP the federal *UNK )NP )PP )NP )PP )VP )VP )S )SBAR )NP (VP will (VP change (NP much )NP (PP on (NP its own initiative )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP . )SINV  STOP
(S (VP (VP *UNKC (NP the sequester )NP )VP , and (VP let (S (NP Washington )NP (VP *UNK )VP )S )VP )VP . )S  STOP
(S (NP The New York Stock Exchange )NP (VP said (SBAR (S (NP a seat )NP (VP sold (PP for (NP $ *UNKN )NP )PP , (ADVP down (NP $ 39,000 )NP (PP from (NP (NP the previous sale )NP (NP Oct. 4 )NP )NP )PP )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP Seats )NP (VP are (ADVP currently )ADVP (VP quoted (PP at (NP (NP (NP $ *UNKN )NP (VP bid )VP )NP and (NP (NP $ *UNKN )NP (VP offered )VP )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The (ADJP $ *UNKN )ADJP sale price )NP (NP earlier this month )NP )NP (VP was (NP (NP the lowest )NP (PP in (NP (QP nearly three )QP years )NP )PP )NP )VP . )S  STOP
(S (NP Exchange seats )NP (VP hit (NP (NP a peak )NP (PP of (NP $ *UNKN )NP )PP )NP (PP in (NP September 1987 )NP )PP )VP . )S  STOP
(S (NP The Canadian government )NP (VP auctioned (NP (NP (QP 750 million )QP Canadian dollars )NP (PRN -LRB- (NP (QP US$ *UNKN million )QP )NP -RRB- )PRN (PP of (NP (NP (ADJP *UNKN % )ADJP bonds )NP (ADJP due (NP Dec. 15 , 1994 )NP )ADJP )NP )PP )NP )VP . )S  STOP
(S (NP (NP The average accepted yield )NP (VP bid )VP )NP (VP was (NP *UNKN % )NP (PP for (NP (NP a price equivalent )NP (PP of (NP *UNKN )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Proceeds )NP (PP of (NP the sale )NP )PP )NP (VP will (VP be (VP used (UCP (S (VP to (VP redeem (NP (NP (QP C$ *UNKN million )QP )NP (PP of (NP (NP government bonds )NP (VP maturing (NP Nov. 1 )NP )VP )NP )PP )NP )VP )VP )S and (PP for (NP general government purposes )NP )PP )UCP )VP )VP )VP . )S  STOP
(S (NP Northern Trust Corp. )NP (VP (VP said (SBAR (S (NP its board )NP (VP adopted (NP (NP a shareholder rights plan )NP (VP aimed (PP at (S (VP *UNKING (NP *UNKED takeover bids )NP )VP )S )PP )VP )NP )VP )S )SBAR )VP , but (VP said (SBAR (S (NP it )NP (VP 's not (ADJP aware (PP of (NP any plan (S (VP to (VP acquire (NP the banking concern )NP )VP )VP )S )NP )PP )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP Under (NP (NP Northern Trust 's )NP plan )NP )PP , (NP shareholders )NP (VP were (VP issued (NP (NP rights )NP (SBAR (WHNP that )WHNP , (S (PP in (NP (NP the event )NP (PP of (NP certain attempted takeovers )NP )PP )NP )PP , (VP allow (S (NP holders )NP (VP to (VP buy (NP (NP shares )NP (PP in (NP the company )NP )PP )NP (PP at (NP half price )NP )PP )VP )VP )S )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP National *UNKC Development Corp. )NP (VP said (SBAR (S (NP it )NP (VP plans (S (VP to (VP purchase (NP (NP (QP as many as 200,000 )QP common shares )NP (PP of (NP its *UNKED *UNKC Sciences Inc. unit )NP )PP )NP (PP in (NP periodic , *UNK- purchases )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The 200,000 shares )NP (VP are (NP (NP (QP about 23 )QP % )NP (PP of (NP (NP (NP *UNKC 's )NP common shares )NP (ADJP outstanding )ADJP )NP )PP )NP , (PP excluding (NP (NP National *UNKC 's )NP stake )NP )PP )VP . )S  STOP
(S (S (VP *UNKING (NP (NP the recent Food and Drug Administration approval )NP (PP of (NP (NP *UNKC 's )NP *UNK *UNK treatment )NP )PP )NP )VP )S , (NP National *UNKC )NP (VP said (SBAR (S (NP it )NP (VP believes (SBAR (S (NP (NP *UNKC 's )NP stock )NP (VP is (ADJP undervalued )ADJP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Japanese investors )NP , (S (VP *UNKED (PP by (NP (NP (NP Monday 's )NP strong rally )NP (PP on (NP Wall Street )NP )PP )NP )PP )VP )S , (VP *UNKED (NP (NP most )NP (PP of (NP (NP (NP that day 's )NP losses )NP (PP on (NP the Tokyo Stock Exchange )NP )PP )NP )PP )NP )VP . )S  STOP
(S But (NP analysts )NP (VP said (SBAR (S (NP the rebound )NP (VP did n't (VP remove (NP the cautious mood )NP (PP from (NP the market )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP London )NP )PP , (NP stocks )NP (VP closed (ADVP lower )ADVP (PP in (NP volatile trading )NP )PP (SBAR as (S (NP an opening rally )NP (VP was (VP *UNKED (PP by (NP *UNKED U.S. trade figures )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Paris shares )NP (VP had (NP a similar reaction )NP )VP )S , but (S (NP most other European *UNK )NP (VP posted (NP gains )NP , (SBAR as (SINV did (NP all major (ADJP Asian and Pacific )ADJP stock markets )NP )SINV )SBAR )VP )S . )S  STOP
(S (NP (NP (NP Tokyo 's )NP Nikkei Index )NP (PP of (NP 225 stocks )NP )PP )NP (VP jumped (NP *UNKN points )NP (S (VP to (VP close (PP at (NP *UNKN )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The rise )NP (VP came (PP (NP a day )NP after (NP (NP (NP the year 's )NP biggest drop )NP (PP on (NP (NP Monday )NP , (SBAR (WHADVP when )WHADVP (S (NP the Nikkei )NP (VP fell (NP (NP *UNKN )NP , or (NP 1.8 % )NP , )NP (PP in (NP (NP response )NP (PP to (NP (NP (NP Friday 's )NP (ADJP 6.9 % )ADJP plunge )NP (PP on (NP Wall Street )NP )PP )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP early trading )NP )PP (NP Wednesday )NP (PP in (NP Tokyo )NP )PP , (NP the Nikkei index )NP (VP rose (NP *UNKN points )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (PP On (NP Tuesday )NP )PP , (NP (NP the *UNKED Tokyo Stock Price Index )NP (PP of (NP (NP issues )NP (VP listed (PP in (NP the first section )NP )PP )VP )NP )PP , (SBAR (WHNP which )WHNP (S (VP fell (NP *UNKN )NP (NP Monday )NP )VP )S )SBAR , )NP (VP rose (NP (NP *UNKN )NP , or (NP *UNKN % )NP , )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP Trading )NP (VP was (ADJP relatively thin )ADJP (PP at (NP an estimated (QP 650 million )QP shares )NP )PP , (SBAR though (S (ADJP (ADJP *UNK )ADJP (PP than (NP (NP Monday 's )NP (QP *UNKN million )QP )NP )PP )ADJP )S )SBAR )VP . )S  STOP
(S (NP *UNKING issues )NP (VP outnumbered (NP decliners )NP (ADVP *UNKN )ADVP , (SBAR with (S (NP 103 )NP (ADJP unchanged )ADJP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP We )NP (VP 're (ADVP back (PP to (NP square one )NP )PP )ADVP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP an analyst )NP (PP in (NP Japan )NP )PP (PP for (NP Kleinwort Benson International Inc )NP )PP )NP )NP . )SINV  STOP
(S (S (NP (NP Japanese domestic institutions )NP , (PP including (NP (NP trust banks )NP and (NP investment management firms )NP )NP )PP , (SBAR (WHNP that )WHNP (S (VP had (VP been (PP on (NP the sidelines )NP )PP (PP during (NP (NP Monday 's )NP fall )NP )PP )VP )VP )S )SBAR )NP (VP were (ADVP back (PP in (NP the market )NP )PP )ADVP )VP )S , (NP analysts )NP (VP said )VP . )S  STOP
(S (NP Foreign investors )NP (ADVP reportedly )ADVP (VP (VP started (PRT off )PRT (S (VP selling )VP )S )VP but (VP (ADVP later )ADVP joined (PP in (NP the buying )NP )PP )VP )VP . )S  STOP
(S (NP The Tokyo rally )NP (VP seemed (S (VP to (VP confirm (NP (NP the view )NP , (VP (ADVP frequently )ADVP expressed (PP in (NP Japan )NP )PP (PP in (NP the past few days )NP )PP )VP , (SBAR that (S (NP (NP the drop )NP (PP in (NP New York )NP )PP )NP (VP was (NP (NP a local problem )NP (ADJP related (PP to (NP (NP merger and acquisition activity )NP (PP in (NP the U.S. )NP )PP )NP )PP )ADJP )NP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(SINV `` (S (NP This time )NP (NP we )NP (VP do n't (ADVP really )ADVP (VP have (S (VP to (VP worry (PP about (NP Tokyo )NP )PP )VP )VP )S )VP )VP )S , '' (VP said )VP (NP (NP an official )NP (PP at (NP Daiwa Securities Co )NP )PP )NP . )SINV  STOP
(S `` (NP Nothing )NP (VP has (VP changed (ADVP *UNKLY )ADVP (PP in (NP the Tokyo market )NP )PP )VP )VP . '' )S  STOP
(S But (SBAR even though (S (NP Tokyo )NP (VP appears (ADJP *UNKED (PP by (NP recent market volatility )NP )PP )ADJP )VP )S )SBAR , (NP analysts and traders )NP (VP say (SBAR (S (NP there )NP (VP are (ADVP still )ADVP (NP a few concerns )NP (PP on (NP the horizon )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP particular )NP )PP , (NP Japanese investors )NP (VP will (VP be (VP keeping (NP a wary eye )NP (PP on (NP Wall Street )NP )PP (S (VP to (VP see (SBAR whether (S (NP (NP Monday 's )NP *UNK- rally )NP (VP holds (PRT up )PRT (SBAR as (S (NP fresh U.S. economic data )NP (VP are (VP released )VP )VP )S )SBAR )VP )S )SBAR )VP )VP )S )VP )VP )VP . )S  STOP
(S `` (NP People )NP (VP are (VP *UNKING (NP small *UNK )NP )VP )VP . )S  STOP
(SINV (S (NP There )NP (VP 's (NP no huge buying )NP )VP )S , '' (VP said )VP (NP (NP Stephen Hill )NP , (NP (NP head )NP (PP of (NP equity sales )NP )PP (PP at (NP (NP *UNKC *UNKING Securities Ltd. )NP (PP in (NP Tokyo )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP (ADJP *UNKLY *UNK )ADJP views )NP (ADVP right now )ADVP (VP would (VP be (ADJP *UNK )ADJP )VP )VP . '' )S  STOP
(S (S (NP (NP Yesterday 's )NP buyers )NP (VP favored (NP (NP real estate )NP , (NP construction )NP and (NP other *UNK- issues )NP )NP , (S (VP reflecting (NP the fact (SBAR that (S (NP many Tokyo investors )NP (ADVP now )ADVP (VP feel (ADJP safer )ADJP (PP with (NP (ADJP *UNKLY *UNKED )ADJP stocks )NP )PP )VP )S )SBAR )NP )VP )S )VP )S , (NP analysts )NP (VP said )VP . )S  STOP
(S (NP They )NP (ADVP also )ADVP (VP are (ADJP concerned (PP about (NP (NP the persistent strength )NP (PP of (NP the dollar )NP )PP (PP against (NP the yen )NP )PP )NP )PP )ADJP , (SBAR as (S (NP a weaker yen )NP (VP (VP leads (PP to (NP (NP higher import prices )NP (PP in (NP Japan )NP )PP )NP )PP )VP and (VP adds (PP to (NP domestic *UNK pressures )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Currency concerns )NP (ADVP also )ADVP (VP weigh (ADVP heavily )ADVP (PP on (NP (NP interest *UNK- stocks )NP (PP such as (NP (NP banking )NP and (NP other financial issues )NP )NP )PP )NP )PP (PP because of (NP fears (SBAR that (S (NP Japanese interest rates )NP (VP might (VP have (S (VP to (VP rise )VP )VP )S (S (VP to (VP keep (S (NP the dollar )NP (PP in (NP check )NP )PP )S )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP Among (NP steel shares )NP )PP , (S (NP *UNKC )NP (VP rose (NP 19 )NP (PP to (NP (NP (NP *UNKN yen )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN )NP (NP a share )NP )NP )PP )VP )S , and (S (NP Nippon Steel )NP (VP gained (NP 17 )NP (PP to (NP *UNKN )NP )PP )VP )S . )S  STOP
(S (NP (NP Construction shares )NP (SBAR (WHNP that )WHNP (S (VP gained )VP )S )SBAR )NP (VP included (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP rose (NP 130 )NP (PP to (NP *UNKN )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (NP the real estate sector )NP )PP , (S (NP Mitsui Real Estate Development )NP (VP was (ADVP up (NP 100 )NP )ADVP (PP at (NP *UNKN )NP )PP )VP )S , and (S (NP Mitsubishi Estate )NP (VP gained (NP 80 )NP (PP to (NP *UNKN )NP )PP )VP )S . )S  STOP
(S (NP (NP London 's )NP Financial *UNKC Exchange 100-share index )NP (VP fell (NP *UNKN points )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP It )NP (VP was (ADVP down (NP (QP more than 40 )QP points )NP )ADVP (PP (NP a half-hour )NP before (NP the close )NP )PP , (S (VP marking (NP (NP a *UNK- turnaround )NP (PP from (NP (NP its high )NP , (VP reached (PP in (NP (NP the first 15 minutes )NP (PP of (NP trading )NP )PP )NP )PP )VP )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP The narrower Financial Times 30-share index )NP (VP fell (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP Volume )NP (VP was (NP (NP an active (QP *UNKN million )QP shares )NP , (UCP (NP (QP about double )QP the recent levels )NP but (ADVP down (PP from (NP (QP *UNKN million )QP )NP (NP (NP the previous day )NP , (SBAR (WHNP which )WHNP (S (NP U.K. traders )NP (VP have (VP dubbed (S `` (NP Manic Monday )NP )S )VP )VP )S )SBAR )NP )PP )ADVP )UCP )NP )VP . '' )S  STOP
(S (NP Prices )NP (VP opened (ADVP strongly )ADVP (PP on (NP (NP the basis )NP (PP of (NP (NP (NP Monday 's )NP Wall Street rally )NP and (NP (NP (NP yesterday 's )NP gains )NP (PP in (NP Tokyo )NP )PP )NP )NP )PP )NP )PP )VP . )S  STOP
(S But (NP the advance )NP (VP *UNKED (SBAR as (S (NP (NP *UNK- traders )NP and (NP (NP investors )NP (ADJP *UNK (PP about (NP the U.K. economic outlook )NP )PP )ADJP )NP )NP (VP took (PRT over )PRT )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The (ADJP unexpectedly wide )ADJP U.S. August trade deficit )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP (VP hit (NP an (ADJP already *UNK )ADJP U.K. market )NP (PP in (NP *UNK )NP )PP )VP . )S  STOP
(S (NP (NP Michael *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP manages (NP sales and trading )NP (PP for (NP brokerage concern Societe Generale *UNKC *UNKC )NP )PP )VP )S )SBAR , )NP (VP said : `` (S (NP It )NP (VP 's (NP a nervous market )NP )VP )S )VP . )S  STOP
(S (NP It )NP (VP was (ADVP all over (NP the place )NP )ADVP )VP . )S  STOP
(S (S (SBAR If (S (NP you )NP (VP bought )VP )S )SBAR , (NP you )NP (VP wish (SBAR (S (NP you )NP (VP had n't )VP )S )SBAR )VP )S , and (S (SBAR if (S (NP you )NP (VP sold )VP )S )SBAR , (NP you )NP (VP wish (SBAR (S (NP you )NP (VP had n't )VP )S )SBAR )VP )S . '' )S  STOP
(S (NP He )NP (VP said (SBAR (S (S (NP the current market )NP `` (VP is (PP all about (NP sentiment )NP )PP )VP )S , and (S (NP (NP the sentiment )NP (PP in (NP London )NP )PP )NP (VP is (NP (ADJP 90 % )ADJP anxiety and worry )NP )VP )S )S )SBAR )VP . '' )S  STOP
(S (NP (NP Britain 's )NP economic fundamentals )NP (PRN , (S (NP he )NP (VP said )VP )S , )PRN `` (VP do n't (VP look (ADJP very bright )ADJP )VP )VP . '' )S  STOP
(S (NP Dealers )NP (VP said (SBAR (S (S (NP London )NP (VP showed (NP (NP signs )NP (PP of (S (VP *UNKING )VP )S )PP )NP (PP in (NP *UNK )NP )PP (SBAR after (S (NP Wall Street )NP (VP avoided (NP sharp losses )NP (PP despite (NP the trade report )NP )PP )VP )S )SBAR )VP )S , but (S (NP (NP a wave )NP (PP of (NP *UNKED selling )NP )PP (ADVP later (PP in (NP the session )NP )PP )ADVP )NP (VP sent (NP buyers )NP (ADVP back (PP to (NP the sidelines )NP )PP )ADVP )VP )S )S )SBAR )VP . )S  STOP
(S (ADVP Still )ADVP , (NP some sectors )NP (VP found (NP buying interest )NP (PP after (S (VP being (VP (ADVP actively )ADVP sold (PP in (NP recent weeks )NP )PP )VP )VP )S )PP )VP . )S  STOP
(S (NP *UNKC banks )NP (VP were (ADJP stronger )ADJP (ADVP across (NP the board )NP )ADVP )VP . )S  STOP
(S (NP (NP Morgan Grenfell )NP , (SBAR (WHNP which )WHNP (S (VP has (VP been (VP mentioned (PP in (NP takeover rumors )NP )PP )VP )VP )VP )S )SBAR , )NP (VP rose (NP 20 )NP (PP to (NP (NP (NP *UNKN pence )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN )NP (NP a share )NP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP a rumored target )NP (PP of (NP some European banking concerns )NP )PP )NP , )NP (VP finished (ADVP (NP 22 )NP higher )ADVP (PP at (NP 400 )NP )PP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP rose (NP 5 )NP (PP to (NP *UNKN )NP )PP )VP )S , and (S (NP *UNKC )NP (VP rose (NP 25 )NP (PP to (NP # *UNKN )NP )PP )VP )S . )S  STOP
(S (PP On (NP the corporate front )NP )PP , (NP Ford Motor )NP (VP announced (SBAR that (S (NP it )NP (VP raised (NP (NP its stake )NP (PP in (NP U.K. luxury car maker Jaguar )NP )PP )NP (PP to (NP 10.4 % )NP )PP (PP from (NP 5 % )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Jaguar shares )NP (VP jumped (NP 23 )NP (PP before (S (VP easing (S (VP to (VP close (PP at (NP *UNKN )NP )PP , (ADVP up (NP 6 )NP )ADVP )VP )VP )S )VP )S )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP a British computer hardware and communications equipment maker )NP , )NP (VP eased (NP 4 )NP (PP to (NP 47 )NP )PP )VP . )S  STOP
(S (NP It )NP (VP announced (NP (NP a (ADJP 52 % )ADJP plunge )NP (PP in (NP (NP pretax profit )NP (PP for (NP the latest year )NP )PP )NP )PP )NP )VP . )S  STOP
(S (S (NP *UNKC stocks )NP (VP were (ADJP firm to higher )ADJP (PP on (NP (NP talk )NP (PP of (NP early *UNKING )NP )PP )NP )PP )VP )S , but (S (NP most )NP (VP ended (PP below (NP their *UNK )NP )PP )VP )S . )S  STOP
(S (S (NP Bass )NP (VP ended (PRT up )PRT (ADVP (NP 3 )NP higher )ADVP (PP at (NP *UNKN )NP )PP )VP )S , (S (NP Guinness )NP (VP closed (PP at (NP *UNKN )NP )PP , (ADVP down (NP 7 )NP )ADVP )VP )S , and (S (NP Scottish & *UNKC )NP (VP dropped (NP 11 )NP (PP to (NP *UNKN )NP )PP )VP )S , but (S (NP Whitbread Class A shares )NP (VP rose (NP 17 )NP (PP to (NP *UNKN )NP )PP )VP )S . )S  STOP
(S (NP Dealers )NP (VP said (SBAR (S (NP there )NP (VP was (NP (NP late talk )NP (PP of (NP (NP a Whitbread sale )NP (PP of (NP brewing operations )NP )PP (PP to (NP Scottish & *UNKC )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The most active shares )NP (VP were (NP (NP major *UNK- )NP , (NP (NP particularly oils and utilities )NP (PP such as (NP (NP British Gas )NP and (NP British Telecommunications )NP )NP )PP )NP )NP )VP . )S  STOP
(S (NP Traders )NP (VP attributed (NP (NP the action )NP (PP in (NP them )NP )PP )NP (PP (ADVP largely )ADVP to (NP (NP defensive *UNKING )NP (PP in (NP a volatile market )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP British Gas )NP (VP finished (PP at (NP *UNKN )NP )PP , (ADVP down (NP 2 )NP )ADVP , (PP on (NP (QP 13 million )QP shares )NP )PP )VP )S , (S (NP British Petroleum )NP (VP fell (NP 8 )NP (PP to (NP *UNKN )NP )PP (PP on (NP (QP *UNKN million )QP shares )NP )PP )VP )S , and (S (NP British *UNKC )NP (VP was (ADVP (NP 4 )NP lower )ADVP (PP at (NP *UNKN )NP )PP (PP on (NP (NP turnover )NP (PP of (NP (QP 10 million )QP shares )NP )PP )NP )PP )VP )S . )S  STOP
(S (NP Cable & *UNKC )NP (VP fell (NP 20 )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (ADVP Also )ADVP (PP in (NP active trading )NP )PP , (NP British Steel )NP (VP fell (NP 1 )NP (PP to (NP *UNKN )NP )PP (SBAR as (S (NP (QP 20 million )QP shares )NP (VP changed (NP hands )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC Electric )NP , (SBAR (WHNP which )WHNP (S (VP traded (NP (QP 11 million )QP shares )NP )VP )S )SBAR , )NP (VP declined (NP 12 )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (PP In (NP other European markets )NP )PP , (NP share prices )NP (VP (VP closed (ADVP sharply higher )ADVP (PP in (NP Frankfurt and Zurich )NP )PP )VP and (VP posted (NP moderate rises )NP (PP in (NP Stockholm , Amsterdam and Milan )NP )PP )VP )VP . )S  STOP
(S (S (NP Paris )NP (VP closed (ADVP lower )ADVP )VP )S , and (S (NP most Brussels shares )NP (VP were (ADJP unable (S (VP to (VP trade )VP )VP )S )ADJP (PP for (NP a second consecutive day )NP )PP (PP because of (NP technical problems )NP )PP )VP )S . )S  STOP
(S (NP (ADJP South African )ADJP gold stocks )NP (VP closed (ADVP higher )ADVP )VP . )S  STOP
(S (ADVP Elsewhere )ADVP , (NP share prices )NP (VP rebounded (PP in (NP (NP Hong Kong )NP , (NP Sydney )NP , (NP Singapore )NP , (NP Wellington )NP , (NP Taipei )NP , (NP Manila )NP and (NP Seoul )NP )NP )PP )VP . )S  STOP
(S (PP In (NP (NP (NP Hong Kong )NP , (NP Sydney )NP and (NP Singapore )NP )NP -- (NP (NP the largest )NP (PP of (NP those exchanges )NP )PP )NP -- )NP )PP (NP stocks )NP (VP recovered (NP (NP one-third to *UNK- )NP (PP of (NP (NP the ground )NP (SBAR (S (NP they )NP (VP lost (PP in (NP (NP Monday 's )NP plunge )NP )PP )VP )S )SBAR )NP )PP )NP , (PP with (S (NP major market indexes )NP (VP posting (NP (NP gains )NP (PP of (NP (NP 3.6 % )NP to (NP 4.4 % )NP )NP )PP )NP )VP )S )PP )VP . )S  STOP
(S (ADVP Here )ADVP (VP are )VP (NP (NP price trends )NP (PP on (NP (NP the world 's )NP major stock markets )NP )PP , (SBAR as (S (VP calculated (PP by (NP (NP Morgan Stanley Capital International Perspective )NP , (NP Geneva )NP )NP )PP )VP )S )SBAR )NP . )S  STOP
(S (S (VP To (VP make (S (NP them )NP (ADJP directly comparable )ADJP )S )VP )VP )S , (NP each index )NP (VP is (VP based (PP on (S (NP (NP the close )NP (PP of (NP 1969 )NP )PP )NP (VP equaling (NP 100 )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP The percentage change )NP (VP is (PP since (NP year-end )NP )PP )VP . )S  STOP
(S (NP *UNKC Industries Inc. )NP (VP said (SBAR (S (NP it )NP (VP received (NP approval (S (VP to (VP proceed (PP on (NP (NP four separate projects )NP (PP with (NP (NP a total contract value )NP (PP of (NP (QP $ 59 million )QP )NP )PP )NP )PP )NP )PP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The projects )NP (VP include (NP (NP construction )NP (PP of (NP (NP (NP a (ADJP *UNKN *UNK )ADJP *UNK- plant )NP (PP for (NP (NP *UNKC *UNKC *UNKC )NP , (NP (NP *UNKC )NP , (NP Mich. )NP )NP )NP )PP )NP ; (NP (NP a steam generating plant )NP (PP at (NP (NP Ontario )NP , (NP Calif. )NP , )NP )PP (SBAR (WHNP that )WHNP (S (NP *UNKC )NP (VP will (VP own and operate )VP )VP )S )SBAR )NP , and (NP (NP two *UNK- control projects )NP (PP in (NP (NP Orange County )NP , (NP Calif )NP )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC Corp. )NP and (NP *UNKC Corp. )NP )NP (VP said (SBAR (S (NP they )NP (VP completed (NP (NP the (ADJP previously reported )ADJP sale )NP (PP of (NP (NP *UNKC 's )NP (ADJP San *UNKED )ADJP *UNKC *UNKC division )NP )PP (PP to (NP *UNKC )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP (NP a (ADJP New York-based )ADJP maker )NP (PP of (NP passive electronic products )NP )PP )NP , )NP (VP paid (NP (NP (QP $ 11 million )QP )NP (PP in (NP cash )NP )PP )NP (PP to (NP (NP *UNKC )NP , (NP (NP a *UNKED maker )NP (PP of (NP semiconductor products )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP makes (NP (NP *UNK and *UNK )NP (VP used (S (VP to (VP protect (NP electronics )NP )VP )VP )S )VP )NP )VP . )S  STOP
(S (NP Consolidated *UNKC Inc. )NP (VP said (SBAR (S (NP it )NP (VP plans (S (VP to (VP spend (NP (QP $ *UNKN million )QP )NP (PP on (NP new *UNKING equipment and facilities )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The producer )NP (PP of (NP (NP paper )NP (VP used (PP (PP in (NP magazines )NP )PP and (PP by (NP commercial *UNK )NP )PP )PP )VP )NP )PP )NP (VP said (SBAR (S (NP (NP spending )NP (PP on (NP the expansion )NP )PP )NP (VP is (VP planned (S (VP to (VP begin (PP in (NP (NP the first quarter )NP (PP of (NP 1990 )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The expansion )NP (VP is (ADJP subject (PP to (NP (NP approval )NP (PP by (NP (UCP federal and Wisconsin )UCP environmental regulators )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (NP (NP THE *UNKC )NP (PP of (NP Applied Power Inc. )NP )PP , (SBAR (WHNP which )WHNP (S (VP split (ADVP 2-for-1 )ADVP (PP in (NP May )NP )PP )VP )S )SBAR , )NP (VP has (VP risen (PP since (NP August 1988 )NP )PP )VP )VP . )S  STOP
(S (PP In (NP (NP yesterday 's )NP edition )NP )PP , (NP (NP it )NP )NP (VP was (VP (ADVP incorrectly )ADVP stated (SBAR that (S (NP (NP the company 's )NP share price )NP (VP has (VP *UNKED (PP since (NP August 1988 )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP (NP The stock market 's )NP dizzying gyrations )NP (PP during (NP the past few days )NP )PP )NP (VP have (VP made (S (NP (NP a lot )NP (PP of (NP individual investors )NP )PP )NP (VP wish (SBAR (S (NP they )NP (VP could (VP buy (NP (NP some sort )NP (PP of (NP insurance )NP )PP )NP )VP )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(S (PP After (NP all )NP )PP , (NP they )NP (VP wo n't (ADVP soon )ADVP (VP forget (NP (NP the stock bargains )NP (SBAR (WHNP that )WHNP (S (VP became (ADJP available )ADJP (PP after (NP the October 1987 crash )NP )PP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S But (SBAR while (S (NP they )NP (VP want (S (VP to (VP be (PP on (NP (NP the alert )NP (PP for (NP similar buying opportunities )NP )PP )NP )PP (ADVP now )ADVP )VP )VP )S )VP )S )SBAR , (NP they )NP (VP 're (ADJP afraid (PP of (S (VP being (VP *UNKED (PP by (NP another *UNKING plunge )NP )PP )VP )VP )S )PP )ADJP )VP . )S  STOP
(S (NP The solution )NP , (PP (ADVP at least )ADVP for (NP some investors )NP )PP , (VP may (VP be (NP (NP a hedging technique )NP (SBAR (WHNP that )WHNP (S (VP 's (ADJP well known (PP to (NP (NP players )NP (PP in (NP the *UNK- market )NP )PP )NP )PP )ADJP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (S (VP *UNKED (S (NP a `` married put )NP )S )VP )S , '' (NP the technique )NP (VP is (VP carried (PRT out )PRT (PP by (S (VP (VP purchasing (NP a stock )NP )VP and (VP (ADVP simultaneously )ADVP buying (NP (NP a put option )NP (PP on (NP that stock )NP )PP )NP )VP )VP )S )PP )VP )VP . )S  STOP
(SINV (S (NP It )NP (VP 's (PP like `` (NP fire insurance )NP )PP )VP )S , '' (VP says )VP (NP (NP *UNKC Roth )NP , (NP (NP the senior options strategist )NP (PP at (NP *UNKC & Co )NP )PP )NP )NP . )SINV  STOP
(S (SBAR Because (S (NP a put option )NP (VP gives (NP its owner )NP (NP (NP the right )NP , but (NP not the obligation )NP , (S (VP to (VP sell (NP (NP a fixed number )NP (PP of (NP (NP shares )NP (PP of (NP the stock )NP )PP )NP )PP )NP (PP at (NP a stated price )NP )PP (PP on or before (NP (NP the option 's )NP expiration date )NP )PP )VP )VP )S )NP )VP )S )SBAR , (NP the investor )NP (VP is (VP protected (PP against (NP (NP a sudden drop )NP (PP in (NP (NP the stock 's )NP price )NP )PP )NP )PP )VP )VP . )S  STOP
(S But (NP most investment advisers )NP (VP do n't (VP recommend (S (VP using (NP married puts )NP (NP all the time )NP )VP )S )VP )VP . )S  STOP
(S (NP That )NP (VP 's (SBAR because (S (NP (NP the cost )NP (PP of (S (VP buying (NP put options )NP )VP )S )PP )NP (VP *UNK (PP into (NP (NP an investor 's )NP profit )NP )PP (SBAR (WHADVP when )WHADVP (S (NP stock prices )NP (VP rise )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP This )NP (VP is (NP (NP the type )NP (PP of (NP fire insurance )NP )PP (SBAR (S (NP you )NP (VP (ADVP only )ADVP buy (SBAR (WHADVP when )WHADVP (S (NP the nearby *UNK )NP (VP are (PP on (NP fire )NP )PP )VP )S )SBAR )VP )S )SBAR )NP )VP )S , '' (VP says )VP (NP Mr. Roth )NP . )SINV  STOP
(S `` (S (NP You )NP (ADVP always )ADVP (VP want (S (NP your house )NP (VP insured )VP )S )VP )S , but (S (NP you )NP (VP do n't (ADVP always )ADVP (VP feel (NP (NP the need )NP (SBAR for (S (NP your investments )NP (VP to (VP be (VP insured )VP )VP )VP )S )SBAR )NP )VP )VP )S . '' )S  STOP
(S (PP In (NP (NP addition )NP (PP to (S (VP hedging (NP new stock purchases )NP )VP )S )PP )NP )PP , (NP the *UNK- technique )NP (VP can (VP be (VP used (S (VP to (VP protect (NP (NP stocks )NP (SBAR (WHNP that )WHNP (S (NP an investor )NP (ADVP already )ADVP (VP owns )VP )S )SBAR )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (PP In (NP either case )NP )PP , (NP the investor )NP (VP faces (NP three possible *UNK )NP )VP : )S  STOP
(S -- (SBAR If (S (NP the stock )NP (VP goes (ADVP up (PP in (NP price )NP )PP )ADVP (PP between (NP (NP now )NP and (NP (NP the put 's )NP expiration date )NP )NP )PP )VP )S )SBAR , (NP the put )NP (VP will (ADVP probably )ADVP (VP expire (S (ADJP *UNK )ADJP )S )VP )VP . )S  STOP
(S (S (NP The investor )NP (VP will (VP be (ADVP out (NP (NP the cost )NP (PP of (NP the put )NP )PP , (SBAR (WHNP which )WHNP (S (VP is (VP called (S (NP the `` premium )NP )S )VP )VP )S )SBAR )NP )ADVP )VP )VP )S , '' and (S (NP this loss )NP (VP will (VP reduce (NP the stock-market profit )NP )VP )VP )S . )S  STOP
(S -- (SBAR If (S (NP the stock )NP (VP stays (PP at (NP the same price )NP )PP (PP between (NP (NP now )NP and (NP (NP the put 's )NP expiration date )NP )NP )PP )VP )S )SBAR , (NP (NP the investor 's )NP loss )NP (VP will (VP be (VP limited (PP to (NP (NP the cost )NP (PP of (NP the put )NP )PP , (PP less (NP (NP any amount )NP (VP realized (PP from (NP (NP a closing sale )NP (PP of (NP the put )NP )PP )NP )PP )VP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP The *UNK- scenario )NP (VP would (VP be (SBAR if (S (NP the put )NP (VP expires (S (ADJP *UNK )ADJP )S )VP )S )SBAR )VP )VP . )S  STOP
(S -- (SBAR If (S (NP (NP the price )NP (PP of (NP the stock )NP )PP )NP (VP declines )VP )S )SBAR , (NP the put )NP (VP will (VP increase (PP in (NP value )NP )PP )VP )VP . )S  STOP
(S (SBAR Once (S (NP the stock price )NP (VP is (ADJP (ADJP less )ADJP (PP than (NP (NP (NP the exercise price )NP , or `` (NP strike price )NP , '' )NP (PP of (NP the put )NP )PP )NP )PP )ADJP )VP )S )SBAR , (NP the gain )NP (VP will (VP match (NP (NP the loss )NP (PP on (NP the stock )NP )PP )NP (NP (NP dollar )NP (PP for (NP dollar )NP )PP )NP )VP )VP . )S  STOP
(S (NP The put )NP (VP *UNK (NP (NP a minimum selling price )NP (PP for (NP the stock )NP )PP (PP during (NP its life )NP )PP )NP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP a stock )NP (VP falls (PP below (NP (NP the put 's )NP strike price )NP )PP )VP )S )SBAR , (NP the investor )NP (VP (VP (ADVP simply )ADVP sells (NP the stock )NP (PP at (NP a loss )NP )PP )VP and (VP (ADVP simultaneously )ADVP sells (NP the put )NP (PP at (NP a profit )NP )PP )VP )VP . )S  STOP
(S Or , (NP the investor )NP (VP can (VP exercise (NP the put )NP , (PP by (S (VP *UNKING (NP the stock )NP (PP to (NP his or her broker )NP )PP (PP in (NP (NP return )NP (PP for (NP (NP payment )NP (PP from (NP (NP another investor )NP (SBAR (WHNP who )WHNP (S (VP has (VP sold (NP (NP a put )NP (PP on (NP the same stock )NP )PP )NP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S (NP Brokers )NP (VP handle (NP such transactions )NP (PP through (NP (NP the Options Clearing Corp. )NP , (SBAR (WHNP which )WHNP (S (VP guarantees (NP all option trades )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The accompanying table )NP (VP shows (SBAR (WHADVP how )WHADVP (S (NP this strategy )NP (VP would (VP work (PP for (NP three stocks )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Though (S (VP not reflected (PP in (NP the table )NP )PP )VP )S )SBAR , (NP an investor )NP (VP should (VP know (SBAR that (S (NP (NP the cost )NP (PP of (NP the option insurance )NP )PP )NP (VP can (VP be (VP (ADVP *UNKLY )ADVP offset (PP by (NP (NP any dividends )NP (SBAR (WHNP that )WHNP (S (NP the stock )NP (VP pays )VP )S )SBAR )NP )PP )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP For (NP example )NP )PP , (NP *UNKC Inc. )NP (VP pays (NP (NP a quarterly dividend )NP (PP of (NP 76 cents )NP )PP , (SBAR (WHNP which )WHNP (S (VP would (VP (VP be (VP received (SBAR before (S (NP the February option )NP (VP expires )VP )S )SBAR )VP )VP and , (ADVP thus )ADVP , (VP reduce (NP (NP the cost )NP (PP of (S (VP using (NP the technique )NP )VP )S )PP )NP (PP by (NP that amount )NP )PP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (NP this case )NP )PP , (NP (NP the investor 's )NP risk )NP (VP would n't (VP exceed (NP (NP 3.6 % )NP (PP of (NP the total investment )NP )PP )NP )VP )VP . )S  STOP
(S (S (VP To (VP *UNK (NP the calculations )NP )VP )VP )S , (NP (NP commissions )NP (PP on (NP (NP the option )NP and (NP underlying stock )NP )NP )PP )NP (VP are n't (VP included (PP in (NP the table )NP )PP )VP )VP . )S  STOP
(S (NP There )NP (VP are (NP (NP (QP more than 650 )QP stocks )NP (SBAR (WHPP on (WHNP which )WHNP )WHPP (S (NP (NP options )NP )NP (VP may (VP be (VP bought and sold )VP )VP )VP )S )SBAR , (PP including (NP some over-the-counter stocks )NP )PP )NP )VP . )S  STOP
(S But (NP some investors )NP (VP might (VP prefer (NP (NP a *UNK strategy )NP (PP then (S (VP hedging (PP their individual holdings )PP )VP )S )PP )NP )VP )VP . )S  STOP
(S (NP They )NP (VP can (VP do (NP this )NP (PP by (S (VP purchasing (NP `` (NP index puts )NP , '' (SBAR (WHNP which )WHNP (S (VP are (ADVP simply )ADVP (NP (NP put options )NP (PP on (NP indexes )NP )PP (SBAR (WHNP that )WHNP (S (VP match (NP (NP broad baskets )NP (PP of (NP stocks )NP )PP )NP )VP )S )SBAR )NP )VP )S )SBAR )NP )VP )S )PP )VP )VP . )S  STOP
(S (PP For (NP instance )NP )PP , (NP the (ADJP most popular )ADJP index option )NP (VP is (NP (NP the S&P 100 option )NP , (VP (ADVP commonly )ADVP called (S (NP the *UNKC )NP )S )VP )NP )VP . )S  STOP
(S (NP It )NP (VP is (VP based (PP on (NP (NP the stocks )NP (SBAR (WHNP that )WHNP (S (VP make (PRT up )PRT (NP (NP Standard & Poor 's )NP *UNK- index )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (PP Unlike (NP (NP options )NP (PP on (NP individual issues )NP )PP )NP )PP , (S (NP index options )NP (VP are (VP settled (PP (ADVP only )ADVP in (NP cash )NP )PP )VP )VP )S , and (S (NP no stock )NP (VP is (ADVP ever )ADVP (VP tendered )VP )VP )S . )S  STOP
(S But (SBAR while (S (NP index options )NP (VP are (ADJP *UNK )ADJP )VP )S )SBAR , (NP they )NP (VP have (NP several *UNK )NP )VP . )S  STOP
(S (PP For (NP one thing )NP )PP , (NP (NP an investor 's )NP portfolio )NP (VP might not (VP (ADVP closely )ADVP match (NP the S&P 100 )NP )VP )VP . )S  STOP
(S (PP As (NP a result )NP )PP , (NP the *UNKC insurance )NP (VP (VP may )VP or (VP may not )VP (VP (ADVP fully )ADVP protect (NP (NP an investor 's )NP holdings )NP )VP (PP in (NP (NP the event )NP (PP of (NP a market decline )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP *UNKC options )NP (VP were (VP suspended (PP from (NP trading )NP )PP (NP last Friday afternoon )NP , (SBAR after (S (S (NP the stock-market sell-off )NP (VP got (PP under (NP way )NP )PP )VP )S and (S (NP (NP trading )NP (PP in (NP the *UNKC futures contract )NP )PP )NP (VP was (VP halted )VP )VP )S )S )SBAR )VP )VP . )S  STOP
(S So (NP (NP an investor )NP (SBAR (WHNP who )WHNP (S (VP wanted (S (VP to (VP realize (NP (NP a profit )NP (PP on (NP *UNKC puts )NP )PP )NP (PP after (NP the trading suspension )NP )PP )VP )VP )S )VP )S )SBAR )NP (VP would (VP have (VP been (PP out (PP of (NP luck )NP )PP )PP )VP )VP )VP . )S  STOP
(S (PP On (NP the other hand )NP )PP , (NP (NP only a handful )NP (PP of (NP individual issues )NP )PP )NP (VP were (VP suspended (PP from (NP trading )NP )PP (PP on (NP Friday )NP )PP )VP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (SBAR once (S (NP the underlying investment )NP (VP is (VP suspended (PP from (NP trading )NP )PP )VP )VP )S )SBAR , (NP (NP the options )NP (PP on (NP those investments )NP )PP )NP (ADVP also )ADVP (VP do n't (VP trade )VP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (SBAR whether (S (NP (NP the insurance )NP (VP provided (PP by (S (VP purchasing (NP puts )NP )VP )S )PP )VP )NP (VP is (ADJP *UNK )ADJP )VP )S )SBAR (VP depends (PP on (NP (NP the cost )NP (PP of (NP the options )NP )PP )NP )PP )VP . )S  STOP
(S (NP That cost )NP (VP rises (PP in (NP (NP times )NP (PP of (NP high market volatility )NP )PP )NP )PP )VP . )S  STOP
(S But (NP it )NP (ADVP still )ADVP (VP might (VP be (ADJP (ADJP cheaper )ADJP (PP than (S (VP taking (NP a major hit )NP )VP )S )PP )ADJP )VP )VP . )S  STOP
(S (NP (NP The protection )NP (PP from (S (VP using (NP married puts )NP )VP )S )PP )NP (VP is (ADVP clearly )ADVP (ADJP superior (PP to (NP (NP that )NP (VP *UNKED (PP by (NP (NP (NP another options strategy )NP (SBAR (S (NP some investors )NP (VP consider (S (VP using )VP )S (PP during (NP troubled times )NP )PP )VP )S )SBAR )NP : (S (VP selling (NP (NP call options )NP (PP on (NP (NP stocks )NP (SBAR (S (NP the investor )NP (VP owns )VP )S )SBAR )NP )PP )NP )VP )S )NP )PP )VP )NP )PP )ADJP )VP . )S  STOP
(S (NP A call option )NP (VP is (ADJP similar (PP to (NP a put )NP )PP )ADJP , (PP except (SBAR that (S (NP it )NP (VP gives (NP its owner )NP (NP the right (S (VP to (VP buy (NP shares )NP (PP at (NP a stated price )NP )PP (PP until (NP expiration )NP )PP )VP )VP )S )NP )VP )S )SBAR )PP )VP . )S  STOP
(S (S (VP *UNKING (NP a call option )NP )VP )S (VP gives (NP an investor )NP (NP (NP a small *UNK )NP (PP against (NP a stock-market decline )NP )PP )NP )VP . )S  STOP
(S (NP That )NP (VP 's (SBAR because (S (NP it )NP (VP reduces (NP (NP the cost )NP (PP of (NP the stock )NP )PP )NP (PP by (NP (NP the amount )NP (PP of (NP premium )NP )PP (VP received (PP from (NP (NP the sale )NP (PP of (NP the call )NP )PP )NP )PP )VP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S But (SBAR if (S (NP (NP the price )NP (PP of (NP the stock )NP )PP )NP (VP rises (PP above (NP (NP the strike price )NP (PP of (NP the option )NP )PP )NP )PP )VP )S )SBAR , (NP the stock )NP (VP is (ADJP almost certain (S (VP to (VP be (VP called (PRT away )PRT )VP )VP )VP )S )ADJP )VP . )S  STOP
(S And (PP in (NP that case )NP )PP , (NP the investor )NP (VP *UNK (PRT out )PRT (PP on (NP any major upside gain )NP )PP )VP . )S  STOP
(S (NP These calculations )NP (VP exclude (NP (NP the effect )NP (PP of (NP (NP (NP commissions )NP (VP paid )VP )NP and (NP (NP dividends )NP (VP received (PP from (NP the stock )NP )PP )VP )NP )NP )PP )NP )VP . )S  STOP
(S (NP All prices )NP (VP are (PP as (PP of (NP (NP Monday 's )NP close )NP )PP )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP for (NP (NP quick enactment )NP (PP of (NP pending deficit-reduction legislation )NP )PP )NP )PP )NP (VP *UNKED (SBAR as (S (NP efforts (S (VP to (VP streamline (NP the House version )NP (PP in (NP (NP advance )NP (PP of (NP a House-Senate conference )NP )PP )NP )PP )VP )VP )S )NP (VP broke (PRT down )PRT )VP )S )SBAR )VP . )S  STOP
(S (NP House leaders )NP (VP had (VP hoped (S (VP to (VP follow (NP (NP the Senate 's )NP lead )NP (PP by (S (VP getting (NP (NP an agreement )NP (PP from (NP House committee *UNK )NP )PP (SBAR (WHPP under (WHNP which )WHNP )WHPP (S (NP they )NP (VP would (VP drop (NP (NP items )NP (SBAR (WHNP that )WHNP (S (VP would n't (VP reduce (NP the fiscal 1990 budget deficit )NP )VP )VP )S )SBAR )NP (PP from (NP the House-passed bill )NP )PP (SBAR before (S (NP (NP the negotiations )NP (PP with (NP the Senate )NP )PP )NP (VP began )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )S )PP )VP )VP )S )VP )VP . )S  STOP
(S But (NP the effort )NP (VP became (VP *UNKED (PP on (NP (NP the question )NP (PP of (SBAR (WHNP what )WHNP (S (VP would (VP become (PP of (NP (NP other issues )NP , (VP ranging (PP (PP from (S (VP cutting (NP the capital-gains tax )NP )VP )S )PP (PP to (NP child care )NP )PP (PP to (NP (NP repeal )NP (PP of (NP *UNK- insurance )NP )PP )NP )PP )PP )VP )NP )PP )VP )VP )S )SBAR )PP )NP )PP )VP )VP . )S  STOP
(S `` (S (NP Many members )NP (VP feel (SBAR (S (NP there )NP (VP are (NP (NP important features )NP (PP of (NP the House bill )NP )PP (SBAR (WHNP that )WHNP (S (VP should (VP be (VP enacted )VP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )S , '' (NP (NP Speaker Thomas Foley )NP (PRN -LRB- (NP D. )NP , (NP Wash . )NP -RRB- )PRN )NP (VP said )VP . )S  STOP
(S `` (SBAR If (S (NP there )NP (VP is (NP (NP any support )NP (PP for (S (VP reducing (NP the bill )NP )VP )S )PP )NP )VP )S )SBAR , (NP it )NP (VP is (VP *UNKED (PP on (NP their desire (S (VP to (VP see (S (NP them )NP (VP passed (PP in (NP another form )NP )PP )VP )S )VP )VP )S )NP )PP )VP )VP . '' )S  STOP
(S (ADVP Now )ADVP (NP those items )NP (VP will (VP be (VP discussed (PP in (NP (NP a House-Senate conference )NP , (SBAR (WHNP which )WHNP (S (VP could (VP begin (ADVP (ADVP as soon )ADVP (PP as (NP today )NP )PP )ADVP )VP )VP )S )SBAR )NP )PP , (PP with (NP the expectation (SBAR that (S (NP they )NP (VP could (VP either (VP be (VP resolved (ADVP there )ADVP )VP )VP or (VP placed (PP into (NP other legislation )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(SINV `` (S (NP You )NP (VP 've (VP got (S (VP to (VP give (NP these chairmen )NP (NP the opportunity (S (VP to (VP see (SBAR if (S (NP they )NP (VP can (VP work (NP things )NP (PRT out )PRT )VP )VP )S )SBAR )VP )VP )S )NP )VP )VP )S )VP )VP )S , '' (VP said )VP (NP (NP House Budget Committee Chairman *UNKC *UNKC )NP (PRN -LRB- (NP D. )NP , (NP Calif . )NP -RRB- )PRN )NP . )SINV  STOP
(S `` (S (NP This )NP (VP is (NP a democratic process )NP )VP )S -- (S (NP you )NP (VP ca n't (VP *UNK- (NP anything )NP (PP around (NP here )NP )PP )VP )VP )S . '' )S  STOP
(S (NP White House Budget Director Richard Darman )NP (VP has (VP said (SBAR (S (NP he )NP (VP would (VP continue (S (VP to (VP press (S (VP to (VP keep (NP the capital-gains provision )NP (PP in (NP (NP the final version )NP (PP of (NP the bill )NP )PP )NP )PP )VP )VP )S )VP )VP )S (SBAR unless (S (NP the House )NP (VP drops (NP (NP many )NP (PP of (NP its costly provisions )NP )PP )NP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP Senate leaders )NP (VP had (VP hoped (S (VP to (VP be (ADJP able (S (VP to (VP send (NP (NP a compromise version )NP (PP of (NP the measure )NP )PP )NP (PP to (NP President Bush )NP )PP (PP by (NP (NP the end )NP (PP of (NP the week )NP )PP )NP )PP )VP )VP )S )ADJP )VP )VP )S )VP )VP )S , but (S (NP Speaker Foley )NP (VP said (SBAR (S (NP that )NP (VP was n't (ADJP likely )ADJP )VP )S )SBAR )VP )S . )S  STOP
(S (NP *UNKC (S (VP to (VP pass (NP the bill )NP )VP )VP )S )NP (VP meant (SBAR that (S (NP (NP (QP $ *UNKN billion )QP )NP (PP in (NP across-the-board spending cuts )NP )PP )NP (VP took (NP effect )NP (NP Monday )NP (PP under (NP the Gramm-Rudman budget law )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The bill )NP (VP must (VP be (VP enacted (SBAR before (S (NP the cuts )NP (VP can (VP be (VP restored )VP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP (PP in (NP (NP Standard & Poor 's )NP 500 stock-index futures contracts )NP )PP (PP on (NP the Chicago Mercantile Exchange )NP )PP (NP Monday )NP )NP (VP totaled (NP *UNKN contracts )NP )VP . )S  STOP
(S (NP (NP Yesterday 's )NP edition )NP (VP (ADVP incorrectly )ADVP reported (NP (NP Monday 's )NP trading volume )NP (PP as (NP (NP a record )NP (PP for (NP the S&P 500 contract )NP )PP )NP )PP )VP . )S  STOP
(S (NP *UNKC Corp. )NP (VP raised (NP (NP (QP $ 1 billion )QP )NP (PP in (NP new capital )NP )PP )NP (PP during (NP the third quarter )NP )PP )VP . )S  STOP
(S (PP In (NP (NP yesterday 's )NP edition )NP )PP , (NP (NP the amount )NP (PP of (NP new capital )NP )PP )NP (VP was (VP misstated )VP )VP . )S  STOP
(S (NP *UNKC Capital Inc. )NP (VP said (SBAR (S (NP (NP its tender offer (S (VP to (VP buy (PRT back )PRT (NP (NP (NP (QP as many as 1.1 million )QP )NP , or (NP 44 % )NP , )NP (PP of (NP its common shares )NP )PP )NP (PP at (NP (NP $ 3 )NP (ADVP apiece )ADVP )NP )PP )VP )VP )S )NP , (SBAR (WHNP which )WHNP (S (VP expired (NP Friday evening )NP )VP )S )SBAR , )NP (VP was (VP *UNKED )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The developer and manager )NP (PP of (NP *UNK- limited partnerships )NP )PP )NP (VP said (SBAR (S (NP preliminary results )NP (VP indicate (SBAR that (S (NP (QP about *UNKN )QP shares )NP (VP had (VP been (VP tendered , (S (VP giving (NP (NP a preliminary *UNK factor )NP (PP of (NP *UNKN )NP )PP )NP )VP )S )VP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP The final *UNK factor )NP (VP will (VP be (VP announced (NP Monday )NP )VP )VP )VP . )S  STOP
(S (NP *UNKC Exploration Ltd. )NP (VP said (SBAR (S (NP it )NP (VP is (VP proposing (S (VP to (VP *UNK (NP (NP four )NP (PP of (NP its associated companies )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Under (NP (NP a proposed *UNK- *UNK )NP (VP involving (NP share swaps )NP )VP )NP )PP , (NP (NP ABM Gold Corp. )NP , (NP a gold exploration and management company )NP , )NP (VP will (VP merge (PP with (NP (NP *UNKC Resources Corp. )NP , (NP United Gold Corp. )NP and (NP *UNKC Resources Inc )NP )NP )PP )VP )VP . )S  STOP
(S (NP ABM )NP (VP will (ADVP also )ADVP (VP increase (NP (NP its stake )NP (PP in (NP *UNKC Gold Corp. )NP )PP )NP (PP to (NP 42 % )NP )PP (PP from (NP 26 % )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP will (VP own (NP (NP (NP (QP about 50 )QP % )NP (PP of (NP (NP the equity )NP )NP )PP )NP and (NP (NP 81 % )NP (PP of (NP (NP the votes )NP )NP )PP )NP (PP of (NP ABM )NP )PP )NP (PP after (NP the *UNK )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNK )NP (VP (VP are (ADJP subject (PP to (NP regulatory approval )NP )PP )ADJP )VP and (VP require (NP (NP approval )NP (PP by (NP (NP shareholders )NP (PP of (NP ABM , *UNKC , United and *UNKC )NP )PP )NP )PP (PP at (NP (NP special meetings )NP (PP on (NP Nov. 10 )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Steven C. Walker )NP , (NP (NP senior vice president )NP (PP of (NP this bank holding company )NP )PP )NP , )NP (VP was (VP named (S (NP (NP (NP president )NP , (NP chief executive officer )NP and (NP a director )NP )NP (PP of (NP both (NP Commercial National )NP and (NP Commercial National Bank )NP )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP He )NP (VP succeeds (NP (NP James E. *UNKC III )NP , (SBAR (WHNP who )WHNP (S (VP resigned (PP from (NP all three posts )NP )PP (S (VP to (VP pursue (NP other interests )NP )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Cincinnati *UNKC Inc. )NP (VP said (SBAR (S (NP it )NP (VP introduced (NP two radar detectors )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP One unit )NP , (VP called (S (NP the *UNKC )NP )S )VP , )NP (VP uses (NP a new digital *UNKING technology )NP (S (VP to (VP *UNK (NP radar signals )NP (ADVP (ADVP much sooner )ADVP (SBAR than (S (VP was (ADVP previously )ADVP (ADJP possible )ADJP )VP )S )SBAR )ADVP )VP )VP )S )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (S (NP (NP The other )NP , (VP called (S (NP the *UNKC )NP )S )VP , )NP (VP (VP is (ADJP battery operated )ADJP )VP and (VP is (NP (NP the first *UNK- radar *UNK )NP (SBAR (WHNP that )WHNP (S (VP does n't (VP need (NP a power *UNK )NP )VP )VP )S )SBAR )NP )VP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP (NP A surprising surge )NP (PP in (NP the U.S. trade deficit )NP )PP )NP (VP (VP raised (NP fears (SBAR that (S (NP (NP the nation 's )NP export drive )NP (VP has (VP stalled )VP )VP )S )SBAR )NP )VP , and (VP caused (NP new turmoil )NP (PP in (NP financial markets )NP )PP )VP )VP . )S  STOP
(S (NP The merchandise trade deficit )NP (VP widened (PP in (NP August )NP )PP (PP to (NP (NP (QP $ *UNKN billion )QP )NP )NP )PP (PRN , (S (NP the Commerce Department )NP (VP reported )VP )S , )PRN (NP (NP (NP a sharp deterioration )NP (PP from (NP (NP July 's )NP (QP $ *UNKN billion )QP )NP )PP )NP and (NP (NP the largest deficit )NP (PP of (NP (NP any month )NP (NP this year )NP )NP )PP )NP )NP )VP . )S  STOP
(S (NP Exports )NP (VP fell (PP for (NP (NP the second month )NP (PP in (NP a row )NP )PP )NP )PP , (SBAR while (S (NP imports )NP (VP rose (PP to (NP a record )NP )PP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP This )NP (VP is (NP (NP one )NP (PP of (NP (NP the worst trade releases )NP (SBAR (S (NP we )NP (VP 've (VP had (SBAR since (S (NP the dollar )NP (VP *UNKED (PRT out )PRT (PP in (NP 1987 )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )NP )VP )S , '' (VP said )VP (NP (NP *UNKC Dennis )NP , (NP (NP chief international economist )NP (PP at (NP James Capel Inc )NP )PP )NP )NP . )SINV  STOP
(S (S (PP Like (NP most analysts )NP )PP , (NP Mr. Dennis )NP (VP was (ADJP *UNK (S (VP to (VP read (NP too much )NP (PP into (NP (NP one month 's )NP numbers )NP )PP )VP )VP )S )ADJP )VP )S ; but (S (NP he )NP (VP said , `` (S (NP It )NP (VP indicates (ADVP perhaps )ADVP (SBAR that (S (NP (NP the balance )NP (PP in (NP the U.S. economy )NP )PP )NP (VP is not (ADJP (ADJP as good )ADJP (SBAR as (S (NP we )NP (VP 've (VP been (VP led (S (VP to (VP believe )VP )VP )S )VP )VP )VP )S )SBAR )ADJP )VP )S )SBAR )VP )S )VP )S . '' )S  STOP
(S (NP The number )NP (VP had (NP (NP a troubling effect )NP (PP on (NP Wall Street )NP )PP )NP , (S (VP suggesting (SBAR that (S (NP (ADJP more fundamental )ADJP economic problems )NP (VP may (VP *UNK (NP (NP last Friday 's )NP stock market slide )NP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP The Dow Jones Industrial Average )NP (VP tumbled (NP (QP more than 60 )QP points )NP (PP after (NP (NP the report 's )NP release )NP )PP , (PP before (S (VP recovering (S (VP to (VP close (ADVP (NP *UNKN points )NP lower )ADVP (PP at (NP *UNKN )NP )PP )VP )VP )S )VP )S )PP )VP . )S  STOP
(SINV `` (S (NP This bad trade number )NP (VP raises (NP (NP some deeper issues )NP (PP about (NP the market decline )NP )PP )NP )VP )S , '' (VP said )VP (NP (NP Norman Robertson )NP , (NP (NP chief economist )NP (PP for (NP Mellon Bank )NP )PP )NP )NP . )SINV  STOP
(S `` (NP It )NP (VP raises (NP (NP questions )NP (PP about (NP (NP (ADJP more *UNKED )ADJP problems )NP , (NP (NP the budget deficit )NP and (NP the trade deficit )NP and (NP (NP the *UNKING lack )NP (PP of (NP ability (S (VP to (VP come (PP to (NP *UNK )NP )PP (PP with (NP them )NP )PP )VP )VP )S )NP )PP )NP )NP )NP )PP )NP )VP . '' )S  STOP
(S (NP The trade report )NP (VP drew (NP (NP (ADJP yet another )ADJP *UNKING parallel )NP (PP to (NP October 1987 )NP )PP )NP )VP . )S  STOP
(S (PP On (NP (NP Oct. 14 )NP (PP of (NP that year )NP )PP )NP )PP , (NP (NP the announcement )NP (PP of (NP an (ADJP unusually large )ADJP August trade deficit )NP )PP )NP (VP helped (S (VP trigger (NP a steep market decline )NP )VP )S )VP . )S  STOP
(S (NP The slide )NP (VP continued (PP until (NP (NP the record *UNK- market drop )NP (PP on (NP Oct. 19 )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP 1987 )NP )PP , (ADVP however )ADVP , (NP the news )NP (VP was (NP (NP the latest )NP (PP in (NP (NP a string )NP (PP of (NP (NP disappointments )NP (PP on (NP trade )NP )PP )NP )PP )NP )PP )NP , (SBAR while (S (NP the current report )NP (VP comes (PP after (NP (NP a period )NP (PP of (NP improvement )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The bleak trade report )NP (VP was (VP played (PRT down )PRT (PP by (NP the Bush administration )NP )PP )VP )VP . )S  STOP
(S (NP Commerce Secretary Robert Mosbacher )NP (VP called (S (NP the *UNKING trade figures )NP `` (ADJP disappointing )ADJP (PP after (NP two (ADJP very good )ADJP months )NP )PP )S )VP . '' )S  STOP
(S And (NP White House spokesman Marlin Fitzwater )NP (VP said (SBAR (S (NP the deficit )NP (VP was `` (NP an unwelcome increase )NP )VP )S )SBAR , '' (S (VP adding (SBAR that `` (S (NP we )NP (VP 're (ADJP hopeful (SBAR that (S (NP it )NP (ADVP simply )ADVP (VP (VP is (NP a *UNK- situation )NP )VP and (VP will (VP turn (ADVP around )ADVP )VP )VP )VP )S )SBAR )ADJP )VP )S )SBAR )VP )S )VP . '' )S  STOP
(S But (NP the figures )NP (VP *UNKED (NP (NP the view )NP (PP of (NP many private analysts )NP )PP (SBAR that (S (NP (NP the improvement )NP (PP in (NP the U.S. trade deficit )NP )PP )NP (VP has (VP run (ADVP out (PP of (NP steam )NP )PP )ADVP )VP )VP )S )SBAR )NP )VP . )S  STOP
(SINV `` (S (NP (NP The figures )NP (NP today )NP )NP (VP add (NP (NP further evidence )NP (SBAR (S (VP to (VP support (NP the view (SBAR that (S (NP (NP the improvement )NP (PP in (NP the U.S. trade deficit )NP )PP )NP (VP has (ADVP essentially )ADVP (VP stalled (ADVP out )ADVP (PP at (NP (NP a level )NP (PP of (NP about a (ADJP (QP $ 110 billion )QP )ADJP annual rate )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP )S , '' (VP said )VP (NP (NP Jeffrey Scott )NP , (NP (NP a research fellow )NP (PP at (NP (NP the Institute )NP (PP for (NP International Economics )NP )PP )NP )PP (ADVP here )ADVP )NP )NP . )SINV  STOP
(S `` (S (NP That )NP (VP 's (ADVP still )ADVP (NP (NP an improvement )NP (PP over (NP last year )NP )PP )NP )VP )S , but (S (NP it )NP (VP leads (S (NP one )NP (VP to (VP conclude (SBAR that (S (ADVP basically )ADVP (NP we )NP (VP 've (VP gotten (NP (NP all the *UNK )NP (SBAR (S (NP we )NP (VP can )VP )S )SBAR )NP (ADVP out (PP of (NP (NP past dollar depreciation )NP and (NP (NP past marginal cuts )NP (PP in (NP the federal budget deficit )NP )PP )NP )NP )PP )ADVP )VP )VP )S )SBAR )VP )VP )S )VP )S . '' )S  STOP
(S (S (NP Exports )NP (VP declined (PP for (NP the second consecutive month )NP )PP (PP in (NP August )NP )PP , (S (VP slipping (NP 0.2 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP )VP )S )VP )S , (NP the Commerce Department )NP (VP reported )VP . )S  STOP
(S (NP Imports )NP , (PP on (NP the other hand )NP )PP , (VP leaped (NP 6.4 % )NP (PP to (NP a record (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (CONJP Not only )CONJP (SINV was (NP (NP August 's )NP deficit )NP (ADJP (ADJP far worse )ADJP (PP than (NP July 's )NP )PP )ADJP )SINV , but (S (NP the government )NP (VP revised (NP the July figure )NP (ADVP substantially )ADVP (PP from (NP (NP the (ADJP (QP $ *UNKN billion )QP )ADJP deficit )NP (SBAR (S (NP it )NP (VP had (ADVP initially )ADVP (VP reported (NP last month )NP )VP )VP )S )SBAR )NP )PP )VP )S . )S  STOP
(S (NP Many economists )NP (VP contend (SBAR that (S (NP (NP deep cuts )NP (PP in (NP the U.S. budget deficit )NP )PP )NP (VP are (VP needed (SBAR before (S (NP further trade improvement )NP (VP can (VP occur )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP 's (SBAR because (S (NP the budget deficit )NP (VP *UNK (NP (NP an enormous appetite )NP (PP in (NP this country )NP )PP (PP for (NP both (NP foreign goods )NP and (NP foreign capital )NP )NP )PP )NP , (S (VP overwhelming (NP (NP the nation 's )NP capacity (S (VP to (VP export )VP )VP )S )NP )VP )S )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (S (NP People )NP (VP are (ADJP sick and *UNKED (PP of (S (VP hearing (PP about (NP these deficits )NP )PP )VP )S )PP )ADJP )VP )S , but (S (S (NP the imbalances )NP (VP are (ADVP still )ADVP (ADVP there )ADVP )VP )S and (S (NP they )NP (VP are (ADVP still )ADVP (NP a problem )NP )VP )S )S )S , '' (VP said )VP (NP Mr. Robertson )NP . )SINV  STOP
(S (PP In (NP addition )NP )PP , (NP (NP the rise )NP (PP in (NP (NP the value )NP (PP of (NP the dollar )NP )PP (PP against (NP foreign currencies )NP )PP )NP )PP (PP over (NP the past several months )NP )PP )NP (VP has (VP (VP increased (NP (NP the price )NP (PP of (NP U.S. products )NP )PP (PP in (NP overseas markets )NP )PP )NP )VP and (VP hurt (NP (NP the country 's )NP *UNK )NP )VP )VP )VP . )S  STOP
(S (PP Since (NP March )NP )PP , (NP exports )NP (VP have (VP been (ADJP virtually flat )ADJP )VP )VP . )S  STOP
(S (PP At (NP the same time )NP )PP , (NP (NP William T. *UNKC )NP , (NP (NP international vice president )NP (PP at (NP (NP the U.S. Chamber )NP (PP of (NP Commerce )NP )PP )NP )PP )NP , )NP (VP notes : `` (S (ADVP Clearly )ADVP (NP the stronger dollar )NP (VP has (VP made (S (NP imports )NP (ADJP more attractive )ADJP )S '' (PP by (S (VP causing (S (NP their prices )NP (VP to (VP decline )VP )VP )S )VP )S )PP )VP )VP )S )VP . )S  STOP
(S (NP Most economists )NP (VP expect (S (NP the slowing U.S. economy )NP (VP to (VP curb (NP (NP demand )NP (PP for (NP imports )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S But (NP they )NP (VP *UNK (NP (NP little substantial progress )NP (PP in (NP exports )NP )PP )NP (SBAR unless (S (NP (NP the dollar )NP and (NP the federal budget deficit )NP )NP (VP come (ADVP down )ADVP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP (NP The best result )NP (SBAR (S (NP we )NP (VP could (VP get (PP from (NP these numbers )NP )PP )VP )VP )S )SBAR )NP (VP would (VP be (S (VP to (VP see (S (NP (NP the administration )NP and (NP Congress )NP )NP (VP get (ADJP serious (PP about (S (VP putting (NP the U.S. )NP (PP on (NP an (ADJP internationally competitive )ADJP economic *UNKING )NP )PP )VP )S )PP )ADJP )VP )S )VP )VP )S )VP )VP )S , '' (VP said )VP (NP (NP Howard Lewis )NP , (NP (NP vice president )NP (PP of (NP international economic affairs )NP )PP (PP at (NP (NP the National Association )NP (PP of (NP Manufacturers )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP That )NP (VP must (VP start (PP with (S (VP cutting (NP the federal budget deficit )NP )VP )S )PP )VP )VP . '' )S  STOP
(S (NP (NP (NP August 's )NP decline )NP (PP in (NP exports )NP )PP )NP (VP reflected (NP (NP (NP *UNK )NP (PP in (NP (NP sales )NP (PP of (NP (NP industrial supplies )NP , (NP capital goods )NP and (NP food )NP )NP )PP (ADVP abroad )ADVP )NP )PP )NP and (NP (NP increases )NP (PP in (NP (NP sales )NP (PP of (NP (NP motor vehicles )NP , (NP parts )NP and (NP engines )NP )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (NP (NP The jump )NP (PP in (NP imports )NP )PP )NP (VP stemmed (PP from (NP (NP across-the-board increases )NP (PP in (NP (NP purchases )NP (PP of (NP foreign goods )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP The numbers )NP (VP were (VP adjusted (PP for (NP usual seasonal fluctuations )NP )PP )VP )VP . )S  STOP
(S (NP Alan Murray )NP (VP contributed (PP to (NP this article )NP )PP )VP . )S  STOP
(PRN -LRB- (FRAG (PP In (NP (NP billions )NP (PP of (NP U.S. dollars )NP )PP )NP )PP , (ADJP not seasonally adjusted )ADJP )FRAG -RRB- )PRN  STOP
(X (X \* )X (NP (NP (ADJP *UNKLY industrialized )ADJP countries )NP : (NP (NP Singapore )NP , (NP Hong Kong )NP , (NP Taiwan )NP , (NP South Korea )NP )NP )NP )X  STOP
(S (NP Steve *UNKC )NP (VP took (NP (NP a step )NP (ADVP back (PP from (NP (NP the *UNK )NP (PP of (NP *UNK- technology )NP )PP )NP )PP )ADVP )NP (PP in (NP an effort (S (VP to (VP spur (NP (NP sales )NP (PP of (NP (NP Next Inc. 's )NP new machine )NP )PP )NP )VP )VP )S )NP )PP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP moved (S (VP to (VP *UNK (NP (NP a couple )NP (PP of (NP (NP his computer 's )NP *UNK )NP )PP )NP (NP yesterday )NP (PP by (S (VP lowering (NP (NP the *UNK- price )NP (PP for (NP a Next machine )NP )PP )NP (PP by (NP (NP $ 1,500 )NP , or (NP 23 % )NP , )NP )PP (SBAR if (S (NP the buyer )NP (VP *UNK (NP a hard-disk drive )NP (PP as (NP (NP an alternative )NP (PP to (NP (NP Next 's )NP *UNK- device )NP )PP )NP )PP )VP )S )SBAR )VP )S )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP The hard drive )NP , (SBAR (WHNP which )WHNP (S (VP is (NP (NP the storage device )NP (PP of (NP choice )NP )PP )NP (PP for (NP (ADJP virtually every )ADJP desktop computer user )NP )PP )VP )S )SBAR , )NP (ADVP also )ADVP (ADVP now )ADVP (VP will (VP *UNK (NP (NP Next 's )NP *UNK optical device )NP (SBAR if (S (NP buyers )NP (VP pay (NP full price )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (NP (NP *UNK- )NP (PP of (NP Apple Computer Inc. )NP )PP )NP , )NP (VP founded (NP Next )NP (ADVP (NP four years )NP ago )ADVP (PP in (NP (NP the hopes )NP (PP of (S (VP *UNKING (NP (NP a revolution )NP (PP in (NP (NP the way )NP (SBAR (S (NP desktop computers )NP (VP are (VP designed and used )VP )VP )S )SBAR )NP )PP )NP )VP )S )PP )NP )PP )VP . )S  STOP
(S (NP (NP His Next computer )NP , (VP (VP introduced (ADVP (NP (QP about a )QP year )NP ago )ADVP )VP and (VP aimed (PP (ADVP primarily )ADVP at (NP university computer users )NP )PP )VP )VP , )NP (VP sports (NP (NP *UNK graphics )NP , (NP digital sound )NP , (NP *UNK- *UNKING )NP and (NP a *UNK black design )NP )NP )VP . )S  STOP
(S But (NP the computer )NP (VP was (VP proving (NP a hard sell )NP (PP because of (NP (NP its high price )NP , (NP (NP a lack )NP (PP of (NP software )NP )PP )NP and (NP (NP an optical *UNK- device )NP (SBAR (WHNP that )WHNP (S (VP was (ADJP too slow )ADJP )VP )S )SBAR )NP )NP )PP )VP )VP . )S  STOP
(S (NP The machine )NP (VP began (NP shipping )NP (PP at (NP (NP the end )NP (PP of (NP last year )NP )PP )NP )PP )VP . )S  STOP
(S (NP The (ADJP closely held )ADJP company )NP (VP has n't (VP disclosed (NP sales )NP )VP )VP . )S  STOP
(S (ADVP However )ADVP , (NP (NP most universities )NP (SBAR (WHNP that )WHNP (S (VP have (VP bought (NP the machines )NP )VP )VP )S )SBAR )NP (VP say (SBAR (S (NP they )NP (VP are (VP buying (NP small numbers )NP (PP for (NP evaluation purposes )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP can (ADVP now )ADVP (VP buy (NP (NP a Next computer )NP (PP without (NP an optical storage device )NP )PP )NP (PP for (NP $ *UNKN )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP A computer )NP (PP with (NP the optical device )NP )PP )NP (VP will (ADVP still )ADVP (VP cost (NP $ *UNKN )NP )VP )VP )S , but (S (PP (PP from (NP now )NP )PP (ADVP on )ADVP )PP (NP Next )NP (VP will (VP (VP *UNK (NP every computer )NP (PP with (NP a hard drive )NP )PP )VP and (VP supply (NP one )NP (PP at (NP no cost )NP )PP (PP to (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP have (ADVP already )ADVP (VP bought (NP Next machines )NP )VP )VP )S )SBAR )NP )PP )VP )VP )VP )S . )S  STOP
(S (NP Commercial customers )NP (VP can (VP purchase (NP the same system )NP (PP through (NP (NP *UNKC Inc. )NP , (NP (NP a computer retailer )NP (VP based (PP in (NP (NP San Jose )NP , (NP Calif. )NP , )NP )PP )VP )NP )NP )PP (PP for (NP (NP (QP roughly $ 3,000 )QP )NP (ADJP more )ADJP )NP )PP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP the changes )NP (VP were (VP prompted (PP by (NP (NP requests )NP (PP from (NP (NP customers )NP (SBAR (WHNP who )WHNP (S (VP are (VP frustrated (PP with (NP (NP the performance )NP (PP of (NP (NP the optical device )NP , (SBAR (WHNP which )WHNP (S (VP is n't (VP offered (PP as (NP standard equipment )NP )PP (PP by (NP any rivals )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Another factor )NP (VP was (SBAR that (S (NP customers )NP (VP were (VP asking , `` (SBARQ (WHADVP Why )WHADVP (SQ do n't (NP you )NP (VP give (NP us )NP (NP a cheaper system )NP )VP )SQ ? )SBARQ '' )VP )VP )S )SBAR )VP )S (NP Mr. *UNKC )NP (VP said (PP at (NP (NP a conference )NP (PP on (NP university computing )NP )PP (ADVP here )ADVP )NP )PP )VP . )S  STOP
(S (NP *UNKC devices )NP (VP (VP can (VP handle (NP (NP (ADJP very large )ADJP amounts )NP (PP of (NP data )NP )PP )NP )VP )VP and (VP make (S (NP (NP it )NP )NP (ADJP far easier )ADJP (S (VP to (VP *UNK (NP (NP film *UNK )NP or (NP audio *UNK )NP )NP (PP with (NP a computer )NP )PP )VP )VP )S )S )VP )VP . )S  STOP
(S But (NP the technology )NP , (SBAR while (FRAG (ADJP *UNK )ADJP )FRAG )SBAR , (VP is (ADJP (ADJP far slower )ADJP (PP than (NP the (ADJP widely used )ADJP hard drives )NP )PP )ADJP )VP . )S  STOP
(S (S (VP To (VP get (PP around (NP (NP the delays )NP (VP caused (PP by (NP the optical device )NP )PP )VP )NP )PP )VP )VP )S , (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP is (NP (NP (NP Next 's )NP exclusive dealer )NP (PP to (NP corporations )NP )PP )NP )VP )S )SBAR , )NP (VP has (PP for (NP months )NP )PP (VP been (VP advising (NP customers )NP (S (VP to (VP purchase (NP hard drives )NP (PP with (NP the machines )NP )PP )VP )VP )S )VP )VP )VP . )S  STOP
(SINV (S (NP (NP Next 's )NP decision (S (VP to (VP rely (PP on (NP the *UNKED hard drive )NP )PP (PP in (NP every Next computer )NP )PP )VP )VP )S )NP (VP does n't (VP signal (NP (NP a retreat )NP (PP from (NP optical storage )NP )PP )NP )VP )VP )S , (VP said )VP (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (PP for (NP years )NP )PP (VP has (VP said (SBAR (S (NP this technology )NP (VP will (VP play (NP a crucial role )NP (PP in (NP the next decade )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP . )SINV  STOP
(S `` (S (NP We )NP (VP 're (VP (ADVP extremely )ADVP committed (PP to (NP optical storage technology )NP )PP )VP )VP )S '' (NP he )NP (VP said )VP . )S  STOP
(S `` (NP We )NP (VP think (SBAR (S (NP everything )NP (VP will (VP go (NP this way )NP (PP in (NP a few years )NP )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (S (NP He )NP (VP said (SBAR that (S (NP (NP the next generation )NP (PP of (NP optical drives )NP )PP )NP (VP will (VP be (ADJP (ADJP as fast )ADJP (PP as (NP hard drives )NP )PP )ADJP )VP )VP )S )SBAR )VP )S , but (S (NP he )NP (VP depends (PP on (NP outside suppliers )NP )PP (PP for (NP the devices )NP )PP )VP )S . )S  STOP
(S But (NP (NP university computer specialists )NP , (SBAR (WHNP who )WHNP (S (VP welcomed (NP the move )NP )VP )S )SBAR , )NP (VP called (S (NP it )NP (NP (NP (NP a necessary retreat )NP (PP from (NP (NP the cutting edge )NP (PP of (NP technology )NP )PP )NP )PP )NP and (NP (NP one )NP (SBAR (WHNP that )WHNP (S (VP 's (ADJP likely (S (VP to (VP increase (NP (NP (NP Next 's )NP sales )NP (PP on (NP *UNK )NP )PP )NP )VP )VP )S )ADJP )VP )S )SBAR )NP )NP )S )VP . )S  STOP
(SINV `` (S (PP From (NP (NP the *UNK )NP (PP of (S (VP being (PP on (NP (NP the *UNK )NP (PP of (NP technology )NP )PP )NP )PP )VP )S )PP )NP )PP , (NP this )NP (VP is (NP a step *UNK )NP )VP )S , '' (VP said )VP (NP (NP Jerry W. *UNKC )NP , (NP (NP a senior computing manager )NP (PP for (NP the California state university system )NP )PP )NP )NP . )SINV  STOP
(S `` But (NP it )NP (VP will (ADVP definitely )ADVP (VP boost (NP (NP Next 's )NP sales )NP )VP )VP . '' )S  STOP
(S (NP *UNKC )NP , (ADVP however )ADVP , (VP say (SBAR (S (NP (NP Next 's )NP prices )NP (VP must (VP go (ADJP even lower )ADJP (SBAR before (S (NP (NP large numbers )NP (PP of (NP students )NP )PP )NP (VP purchase (NP the machine )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP We )NP (VP 'd (ADVP still )ADVP (VP like (S (VP to (VP see (NP (NP a student model )NP , '' (VP priced (PP at (NP (QP about $ *UNKN )QP )NP )PP )VP )NP )VP )VP )S )VP )VP )S , (VP said )VP (NP (NP Ronald Johnson )NP , (NP (NP director )NP (PP of (NP academic computing )NP )PP (PP at (NP (NP (NP Minnesota 's )NP *UNKC *UNKC College )NP , (SBAR (WHNP which )WHNP (S (VP has (VP bought (NP eight Next machines )NP )VP )VP )S )SBAR )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP *UNKC *UNK )NP (PP of (NP (NP Next 's )NP computer )NP )PP )NP (ADVP also )ADVP (VP is (VP *UNKED (PP by (NP (NP difficulty )NP (PP in (S (VP *UNKING (NP (NP software )NP (PP for (NP it )NP )PP )NP )VP )S )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP Most software )NP (VP is (VP distributed (PP on (NP cheap *UNK disks )NP )PP )VP )VP )S , but (S (NP the Next computer )NP (VP does n't (VP come (PP with (NP (NP a device )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP them )NP )VP )S )SBAR )NP )PP )VP )VP )S . )S  STOP
(S (S (NP (NP Next 's )NP computer )NP (ADVP also )ADVP (VP needs (NP more software applications )NP )VP )S , but (S (NP Mr. Jobs )NP (VP said (SBAR (S (NP he )NP (VP expects (NP more )NP (ADVP soon )ADVP )VP )S )SBAR )VP )S . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP he )NP (VP expects (S (NP Lotus Development Corp. )NP (VP to (VP introduce (NP (NP a Next version )NP (PP of (NP its popular *UNKN *UNK program )NP )PP )NP (PP in (NP 1990 )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP added (SBAR that (S (NP Next )NP (VP needs (S (VP to (ADVP soon )ADVP (VP offer (NP (NP a color version )NP (PP of (NP its computer )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Every major maker )NP (VP offers (NP (NP computers )NP (PP with (NP color displays )NP )PP )NP )VP . )S  STOP
(S (NP Next )NP (VP (VP wo n't (VP comment (PP on (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP will (VP do (NP the same )NP )VP )VP )S )SBAR )PP )VP )VP , but (VP is (VP believed (S (VP to (VP have (NP a color model )NP (PP under (NP development )NP )PP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP (NP Donald J. *UNKC )NP , (ADJP (NP 37 years )NP old )ADJP , )NP (VP was (VP named (S (NP (NP (NP president )NP and (NP chief operating officer )NP )NP (PP of (NP (NP this owner and operator )NP (PP of (NP (NP hospitals )NP , (NP nursing centers )NP and (NP retirement hotels )NP )NP )PP )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP He )NP (VP succeeds (PP as (NP president )NP )PP , (NP (NP Don *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP remains (NP (NP chairman )NP and (NP chief executive officer )NP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP The position )NP (PP of (NP chief operating officer )NP )PP )NP (VP is (ADJP new )ADJP )VP . )S  STOP
(S (NP *UNKC Corp. )NP (VP reported (NP (NP a net loss )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 74 cents )NP (NP a share )NP )NP , )NP )PP )NP (PP for (NP (NP the third quarter )NP , (SBAR (WHNP which )WHNP (S (VP was (VP *UNKED (PP by (NP (NP severance costs )NP and (NP (NP the expense )NP (PP of (S (VP *UNKING (NP its *UNK software inventories )NP )VP )S )PP )NP )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The software company )NP (VP said (SBAR (S (NP revenue )NP (VP slid (NP 28 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP This )NP (VP *UNK (PP with (NP (NP the year-ago quarter )NP , (SBAR (WHADVP when )WHADVP (S (NP the company )NP (VP had (NP (NP net income )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 45 cents )NP (NP a share )NP )NP , )NP )PP )NP (PP on (NP (NP revenue )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP *UNKC )NP (VP had (NP (NP a loss )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ 1.05 )NP (NP a share )NP )NP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP the year-ago period )NP )PP , (NP the company )NP (VP had (NP (NP profit )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ 1.32 )NP (NP a share )NP )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Revenue )NP (PP in (NP the period )NP )PP )NP (VP slid (NP (QP almost 8 )QP % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP about $ *UNKN million )QP )NP (NP last year )NP )PP )VP . )S  STOP
(S (NP (NP Edward M. *UNKC )NP , (NP (NP chairman )NP , (NP president )NP and (NP chief executive officer )NP )NP , )NP (VP attributed (NP the decline )NP (PP to (NP (NP reduced domestic revenue )NP (PP because of (NP (NP (NP (QP $ 4.9 million )QP )NP (VP spent (S (VP to (VP upgrade (NP existing software inventories )NP (PP to (NP the new *UNK *UNK *UNKC 1.1 )NP )PP )VP )VP )S )VP )NP , and (NP (NP (QP $ 1.8 million )QP )NP (VP spent (PP on (NP (NP the recent reduction )NP (PP in (NP work force )NP )PP )NP )PP )VP )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP the company )NP (VP was `` (VP encouraged (PP by (NP (NP *UNK )NP '' (SBAR (S (NP it )NP (VP received (PP from (NP (NP selected customers )NP (VP (ADVP now )ADVP testing (NP *UNKC 1.1 )NP )VP )NP )PP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The red ink )NP (VP came (PP as (NP (NP no surprise )NP (PP to (NP Wall Street )NP )PP )NP )PP )VP )S , but (S (NP analysts )NP (VP said (SBAR (S (NP they )NP (VP saw (NP (NP *UNK *UNK )NP (PP of (NP (NP a further delay )NP (PP in (NP (NP volume shipments )NP (PP of (NP *UNKC 1.1 )NP )PP )NP )PP , (NP (NP a *UNK )NP (PP of (NP (NP continued losses )NP (PP in (NP the fourth quarter )NP )PP )NP )PP )NP )NP )PP )NP )VP )S )SBAR )VP )S . )S  STOP
(SINV `` (S (NP The loss )NP (VP is (PP in (NP (NP line )NP (PP with (NP our expectations )NP )PP )NP )PP )VP )S , '' (VP said )VP (NP (NP John C. Maxwell III )NP , (NP (NP an analyst )NP (PP with (NP (NP *UNKC , Read & Co. )NP (PP in (NP New York )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP He )NP (VP added (SBAR (S (NP (NP gross margins )NP and (NP operating profit )NP )NP (VP `` *UNKED (ADVP quite *UNKLY )ADVP '' (PP from (NP the prior quarter )NP )PP , (PP along (PP with (NP (NP sales )NP (PP of (NP (NP existing software product lines )NP (PP like (NP *UNKC and *UNKC )NP )PP )NP )PP )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S `` (NP (NP The success )NP (PP of (NP (NP a new product )NP (PP in (NP the *UNK line )NP )PP )NP )PP )NP (VP is (VP needed )VP )VP . )S  STOP
(S (S And (SBAR while (S (NP the company )NP (VP has n't (VP made (NP a *UNK statement )NP )VP )VP )S )SBAR , (NP it )NP (ADVP now )ADVP (VP looks (SBAR like (S (NP that )NP (VP 's not (VP going (S (VP to (VP be (ADVP anytime soon )ADVP )VP )VP )S )VP )VP )S )SBAR )VP )S , '' (NP Mr. Maxwell )NP (VP said )VP . )S  STOP
(S (NP The company )NP (VP said (PP in (NP a statement )NP )PP (SBAR that (S (NP it )NP (VP expects (S (VP to (VP ship (NP new products )NP `` (PP during (NP the next two quarters )NP )PP )VP )VP )S )VP )S )SBAR )VP . '' )S  STOP
(SINV `` (S (NP It )NP (ADVP now )ADVP (VP looks (SBAR like (S (NP *UNK *UNK *UNKC 1.1 )NP (VP is n't (VP going (S (VP to (VP be (ADJP (PRN -LCB- widely -RCB- )PRN available )ADJP )VP )VP )S (PP until (NP (NP the first quarter )NP (PP of (NP 1990 )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP David *UNKC )NP , (NP (NP an analyst )NP (PP with (NP (NP Montgomery Securities )NP (PP in (NP San Francisco )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP This )NP (VP is (NP (NP the second delay )NP (ADVP now )ADVP (PP in (S (VP getting (NP the product )NP (PP out (NP the door )NP )PP )VP )S )PP )NP )VP . )S  STOP
(S (NP It )NP (VP does (VP *UNK (NP the pain )NP (ADVP somewhat )ADVP )VP )VP . '' )S  STOP
(S (NP Mr. Maxwell )NP (VP said (SBAR (S (SBAR unless (S (NP the company )NP (VP can (VP start (NP (NP shipments )NP (PP of (NP the new product )NP )PP )NP (NP sometime this quarter )NP )VP )VP )S )SBAR , (NP the fourth-quarter loss )NP (VP is (ADJP likely (S (VP to (VP be `` (ADJP comparable (PP to (NP the third quarter 's )NP )PP )ADJP )VP )VP )S )ADJP )VP )S )SBAR )VP . '' )S  STOP
(S (S (SBAR If (S (NP the company )NP (VP can (VP start (S (VP to (VP ship )VP )VP )S (PP during (NP this quarter )NP )PP )VP )VP )S )SBAR , (NP it )NP (VP could (VP stem (NP (NP (NP some )NP , (CONJP if not )CONJP (NP all )NP )NP (PP of (NP the red ink )NP )PP )NP )VP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (PP In (NP national over-the-counter trading )NP )PP , (NP *UNKC )NP (VP closed (NP yesterday )NP (PP at (NP (NP $ 10 )NP (NP a share )NP )NP )PP , (ADVP up (NP 62.5 cents )NP )ADVP )VP . )S  STOP
(NP (NP Tuesday )NP , (NP October 17 , 1989 )NP )NP  STOP
(S (NP (NP The key (UCP U.S. and foreign )UCP annual interest rates )NP (ADVP below )ADVP )NP (VP (VP are (NP (NP a guide )NP (PP to (NP general levels )NP )PP )NP )VP but (VP do n't (ADVP always )ADVP (VP represent (NP actual transactions )NP )VP )VP )VP . )S  STOP
(NP (NP PRIME RATE )NP : (NP (QP 10 1\/2 )QP % )NP . )NP  STOP
(NP (NP The base rate )NP (PP on (NP corporate loans )NP )PP (PP at (NP large U.S. money center commercial banks )NP )PP . )NP  STOP
(NP (NP FEDERAL FUNDS )NP : (NP (NP (NP (QP 8 11\/16 )QP % )NP (ADJP high )ADJP )NP , (NP (NP (QP 8 5\/8 )QP % )NP (ADJP low )ADJP )NP , (NP (NP (QP 8 5\/8 )QP % )NP (PP near (NP closing bid )NP )PP )NP , (NP (NP (QP 8 11\/16 )QP % )NP (VP offered )VP )NP )NP . )NP  STOP
(NP (NP Reserves )NP (VP traded (PP among (NP commercial banks )NP )PP (PP for (NP overnight use )NP )PP (PP in (NP (NP amounts )NP (PP of (NP (QP $ 1 million )QP (QP or more )QP )NP )PP )NP )PP )VP . )NP  STOP
(NP (NP Source )NP : (NP Fulton Prebon (PRN -LRB- (NP U.S.A . )NP -RRB- )PRN Inc )NP . )NP  STOP
(NP (NP DISCOUNT RATE )NP : (NP 7 % )NP . )NP  STOP
(NP (NP The charge )NP (PP on (NP (NP loans )NP (PP to (NP depository institutions )NP )PP )NP )PP (PP by (NP the New York Federal Reserve Bank )NP )PP . )NP  STOP
(NP (NP CALL MONEY )NP : (NP (NP (QP 9 3\/4 )QP % )NP to (NP 10 % )NP )NP . )NP  STOP
(NP (NP The charge )NP (PP on (NP (NP loans )NP (PP to (NP brokers )NP )PP (PP on (NP stock exchange collateral )NP )PP )NP )PP . )NP  STOP
(NP (NP (NP COMMERCIAL PAPER )NP (VP placed (ADVP directly )ADVP (PP by (NP General Motors Acceptance Corp. )NP )PP )VP )NP : (NP (NP (NP 8.40 % )NP (NP (QP 30 to 44 )QP days )NP )NP ; (NP (NP *UNKN % )NP (NP (QP 45 to 59 )QP days )NP )NP ; (NP (NP *UNKN % )NP (NP (QP 60 to 89 )QP days )NP )NP ; (NP (NP 8 % )NP (NP (QP 90 to 119 )QP days )NP )NP ; (NP (NP *UNKN % )NP (NP (QP 120 to 149 )QP days )NP )NP ; (NP (NP *UNKN % )NP (NP (QP 150 to 179 )QP days )NP )NP ; (NP (NP *UNKN % )NP (NP (QP 180 to 270 )QP days )NP )NP )NP . )NP  STOP
(NP (NP COMMERCIAL PAPER )NP : (NP (NP High-grade unsecured notes )NP (VP sold (PP through (NP dealers )NP )PP (PP by (NP major corporations )NP )PP (PP in (NP (NP multiples )NP (PP of (NP $ 1,000 )NP )PP )NP )PP )VP )NP : (NP (NP (NP 8.50 % )NP (NP 30 days )NP )NP ; (NP (NP 8.40 % )NP (NP 60 days )NP )NP ; (NP (NP 8.375 % )NP (NP 90 days )NP )NP )NP . )NP  STOP
(NP (NP (NP CERTIFICATES )NP (PP OF (NP DEPOSIT )NP )PP )NP : (NP (NP (NP 8.05 % )NP (NP one month )NP )NP ; (NP (NP *UNKN % )NP (NP two months )NP )NP ; (NP (NP 8 % )NP (NP three months )NP )NP ; (NP (NP 7.98 % )NP (NP six months )NP )NP ; (NP (NP *UNKN % )NP (NP one year )NP )NP )NP . )NP  STOP
(NP (NP Average )NP (PP of (NP (NP top rates )NP (VP paid (PP by (NP major New York banks )NP )PP (PP (PP on (NP (NP primary new issues )NP (PP of (NP negotiable C.D.s )NP )PP )NP )PP , (ADVP usually )ADVP (PP on (NP (NP amounts )NP (PP of (NP (QP $ 1 million )QP (QP and more )QP )NP )PP )NP )PP )PP )VP )NP )PP . )NP  STOP
(S (NP The minimum unit )NP (VP is (NP $ 100,000 )NP )VP . )S  STOP
(NP (NP (NP Typical rates )NP (PP in (NP the secondary market )NP )PP )NP : (NP (NP (NP 8.50 % )NP (NP one month )NP )NP ; (NP (NP 8.50 % )NP (NP three months )NP )NP ; (NP (NP 8.45 % )NP (NP six months )NP )NP )NP . )NP  STOP
(NP (NP BANKERS ACCEPTANCES )NP : (NP (NP (NP *UNKN % )NP (NP 30 days )NP )NP ; (NP (NP *UNKN % )NP (NP 60 days )NP )NP ; (NP (NP *UNKN % )NP (NP 90 days )NP )NP ; (NP (NP *UNKN % )NP (NP 120 days )NP )NP ; (NP (NP *UNKN % )NP (NP 150 days )NP )NP ; (NP (NP 7.93 % )NP (NP 180 days )NP )NP )NP . )NP  STOP
(NP (NP Negotiable , bank-backed business credit instruments )NP (VP (ADVP typically )ADVP financing (NP an import order )NP )VP . )NP  STOP
(NP (NP LONDON LATE EURODOLLARS )NP : (NP (NP (NP (NP (QP 8 5\/8 )QP % )NP to (NP (QP 8 1\/2 )QP % )NP )NP (NP one month )NP )NP ; (NP (NP (NP (QP 8 9\/16 )QP % )NP to (NP (QP 8 7\/16 )QP % )NP )NP (NP two months )NP )NP ; (NP (NP (NP (QP 8 9\/16 )QP % )NP to (NP (QP 8 7\/16 )QP % )NP )NP (NP three months )NP )NP ; (NP (NP (NP (QP 8 1\/2 )QP % )NP to (NP (QP 8 3\/8 )QP % )NP )NP (NP four months )NP )NP ; (NP (NP (NP (QP 8 7\/16 )QP % )NP to (NP (QP 8 5\/16 )QP % )NP )NP (NP five months )NP )NP ; (NP (NP (NP (QP 8 7\/16 )QP % )NP to (NP (QP 8 5\/16 )QP % )NP )NP (NP six months )NP )NP )NP . )NP  STOP
(NP (NP (NP LONDON INTERBANK OFFERED RATES )NP (PRN -LRB- (NP LIBOR )NP -RRB- )PRN )NP : (NP (NP (NP (QP 8 5\/8 )QP % )NP (NP one month )NP )NP ; (NP (NP (QP 8 9\/16 )QP % )NP (NP three months )NP )NP ; (NP (NP (QP 8 7\/16 )QP % )NP (NP six months )NP )NP ; (NP (NP (QP 8 7\/16 )QP % )NP (NP one year )NP )NP )NP . )NP  STOP
(NP (NP The average )NP (PP of (NP interbank offered rates )NP )PP (PP for (NP dollar deposits )NP )PP (PP in (NP the London market )NP )PP (VP based (PP on (NP (NP quotations )NP (PP at (NP five major banks )NP )PP )NP )PP )VP . )NP  STOP
(NP (NP FOREIGN PRIME RATES )NP : (NP (NP (NP Canada )NP (NP 13.50 % )NP )NP ; (NP (NP Germany )NP (NP 8.50 % )NP )NP ; (NP (NP Japan )NP (NP 4.875 % )NP )NP ; (NP (NP Switzerland )NP (NP 8.50 % )NP )NP ; (NP (NP Britain )NP (NP 15 % )NP )NP )NP . )NP  STOP
(S (S (NP These rate indications )NP (VP are n't (ADJP directly comparable )ADJP )VP )S ; (S (NP lending practices )NP (VP vary (ADVP widely )ADVP (PP by (NP location )NP )PP )VP )S . )S  STOP
(NP (NP TREASURY BILLS )NP : (NP (NP (NP Results )NP (PP of (NP (NP the (NAC Monday , October 16 , 1989 , )NAC auction )NP (PP of (NP (NP short-term U.S. government bills )NP , (VP sold (PP at (NP (NP a discount )NP (PP from (NP face value )NP )PP )NP )PP (PP in (NP (NP units )NP (PP of (NP (NP $ 10,000 )NP to (NP (QP $ 1 million )QP )NP )NP )PP )NP )PP )VP )NP )PP )NP )PP )NP : (NP (NP (NP *UNKN % )NP (NP 13 weeks )NP )NP ; (NP (NP *UNKN % )NP (NP 26 weeks )NP )NP )NP )NP . )NP  STOP
(NP (NP (NP FEDERAL HOME LOAN MORTGAGE CORP . )NP (PRN -LRB- (NP Freddie Mac )NP -RRB- )PRN )NP : (NP (NP Posted yields )NP (PP on (NP 30-year mortgage commitments )NP )PP (PP for (NP (NP delivery )NP (PP within (NP 30 days )NP )PP )NP )PP )NP . )NP  STOP
(NP (NP (NP *UNKN % )NP , (NP standard conventional fixed-rate mortgages )NP )NP ; (NP (NP 7.875 % )NP , (NP (ADJP 2 % )ADJP (ADJP rate capped )ADJP one-year adjustable rate mortgages )NP )NP . )NP  STOP
(NP (NP Source )NP : (NP Telerate Systems Inc )NP . )NP  STOP
(NP (NP (NP FEDERAL NATIONAL MORTGAGE ASSOCIATION )NP -LRB- (NP Fannie Mae )NP -RRB- )NP : (NP (NP (NP Posted yields )NP (PP on (NP (NP 30 year mortgage commitments )NP (PP for (NP (NP delivery )NP (PP within (NP 30 days )NP )PP )NP )PP (PRN -LRB- (VP priced (PP at (NP par )NP )PP )VP -RRB- )PRN )NP )PP )NP (NP (NP (NP *UNKN % )NP , (NP standard conventional fixed-rate mortgages )NP )NP ; (NP (NP 8.70 % )NP , (NP 6\/2 (ADJP rate capped )ADJP one-year adjustable rate mortgages )NP )NP )NP )NP . )NP  STOP
(NP (NP Source )NP : (NP Telerate Systems Inc )NP . )NP  STOP
(NP (NP MERRILL LYNCH READY ASSETS TRUST )NP : (NP 8.50 % )NP . )NP  STOP
(NP (NP (NP Annualized average rate )NP (PP of (NP return )NP )PP (PP after (NP expenses )NP )PP (PP for (NP the past 30 days )NP )PP )NP ; (NP (NP not a forecast )NP (PP of (NP future returns )NP )PP )NP . )NP  STOP
(S (NP *UNKC Corp. )NP (VP reported (SBAR that (S (NP third-quarter net income )NP (VP fell (NP 12 % )NP (PP from (NP a year-earlier quarter )NP )PP (S (VP helped (PP by (NP (NP a gain )NP (PP from (NP discontinued operations )NP )PP )NP )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Profit )NP (PP from (NP continuing operations )NP )PP )NP (VP rose (NP 19 % )NP )VP . )S  STOP
(S (NP The chemicals and insurance company )NP (VP said (SBAR (S (NP (NP net )NP (PP in (NP the latest quarter )NP )PP )NP (VP was (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 45 cents )NP (NP a share )NP )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP the year-earlier quarter )NP )PP , (NP net )NP (VP was (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 51 cents )NP (NP a share )NP )NP )NP )VP . )S  STOP
(S (NP The *UNK- quarter )NP (VP included (NP (NP (QP $ *UNKN million )QP )NP (PP from (NP (NP businesses )NP (VP spun (PRT off )PRT (PP as (NP *UNKC Industries Inc )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(S (NP Revenue )NP (VP was (NP (QP $ *UNKN million )QP )NP , (ADVP up (NP 18 % )NP (PP from (NP (QP $ *UNKN million )QP )NP (ADVP (NP a year )NP ago )ADVP )PP )ADVP )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP (NP pretax profit )NP (PP from (NP its insurance segment )NP )PP )NP , (PP excluding (NP investment gains )NP )PP , (VP rose (NP (NP 28 % )NP )NP (PP in (NP the latest quarter )NP )PP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP the chemicals segment )NP )PP , (NP pretax profit )NP (VP rose (NP 7 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP (NP The company 's )NP chemicals interests )NP (VP include , (PP among (NP other things )NP )PP , (NP (NP petroleum *UNK )NP , (NP pharmaceuticals *UNK )NP and (NP (NP *UNK )NP (VP used (PP by (NP the semiconductor industry )NP )PP )VP )NP )NP )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP *UNKC )NP (VP said (SBAR (S (NP net )NP (VP fell (NP 2 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP (ADVP (NP a year )NP ago )ADVP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Net )NP (PP in (NP the latest period )NP )PP )NP (VP included (NP (NP (NP (QP $ *UNKN million )QP )NP (PP from (NP discontinued operations )NP )PP )NP and (NP (NP a charge )NP (PP of (NP (NP (QP $ 6.2 million )QP )NP (PP from (NP a plant closing )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (PP In (NP the year-ago period )NP )PP , (NP net )NP (VP included (NP (NP (QP $ *UNKN million )QP )NP (PP from (NP discontinued operations )NP )PP )NP )VP . )S  STOP
(S (NP Revenue )NP (VP was (NP (QP $ *UNKN billion )QP )NP , (ADVP up (NP 18 % )NP (PP from (NP (QP $ *UNKN billion )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP , (NP *UNKC )NP (VP closed (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP , (ADVP up (NP 12.5 cents )NP )ADVP )VP . )S  STOP
(S (NP *UNKC Co. )NP , (S (VP helped (PP by (NP (NP a hefty boost )NP (PP in (NP performance )NP )PP (PP at (NP its broadcasting and entertainment operations )NP )PP )NP )PP )VP )S , (VP said (SBAR (S (NP net income )NP (VP jumped (NP 21 % )NP (PP in (NP (NP its third quarter )NP (VP ended (NP Sept. 24 )NP )VP )NP )PP (PP on (NP (NP a (ADJP 3 % )ADJP increase )NP (PP in (NP revenue )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The broadcasting and newspaper concern )NP , (VP based (PP in (NP Chicago )NP )PP )VP , )NP (VP said (SBAR (S (NP net )NP (VP was (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 77 cents )NP (NP a primary share )NP )NP , )NP (ADVP up (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 69 cents )NP (NP a share )NP )NP )NP )PP )ADVP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Per-share figures )NP (NP this year )NP (VP reflect (NP (NP (QP $ 6.8 million )QP )NP (PP in (NP *UNK- dividends )NP )PP )NP )VP )S ; (S (NP the 1988 quarter )NP (VP did n't (VP have (NP such a payout )NP )VP )VP )S . )S  STOP
(S (NP Revenue )NP (VP rose (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP *UNKC net )NP (VP climbed (NP 19 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a primary share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC per-share figures )NP (PP for (NP 1989 )NP )PP )NP (VP reflect (NP (NP (QP $ 12.9 million )QP )NP (PP in (NP preferred dividends )NP )PP (SBAR (WHNP that )WHNP (S (VP had (NP no counterpart )NP (PP in (NP the year-earlier quarter )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP 4 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP (NP Friday )NP , (NP Tribune )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP down (NP $ *UNKN )NP )ADVP )VP . )S  STOP
(S (NP *UNKC Corp. )NP (VP said (SBAR (S (NP (NP (NP (QP about 12 million )QP )NP , or (NP 93 % )NP , )NP (PP of (NP (NP the (ADJP publicly traded )ADJP units )NP (PP of (NP (NP its limited partnership )NP , (NP *UNKC Exploration Partners Ltd. )NP , )NP )PP )NP )PP )NP (VP were (VP tendered (PP in (NP (NP response )NP (PP to (NP (NP an offer )NP (SBAR (WHNP that )WHNP (S (VP expired (NP Monday )NP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP the tendered units )NP (VP will (VP raise (NP (NP its ownership )NP (PP of (NP the partnership )NP )PP )NP (PP to (NP (QP more than 99 )QP % )NP )PP (PP from (NP 87 % )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (QP About *UNKN )QP units )NP (VP will (VP continue (S (VP to (VP be (VP (ADVP publicly )ADVP traded (PP on (NP the New York Stock Exchange )NP )PP )VP )VP )VP )S )VP )VP )S , (NP *UNKC )NP (VP said )VP . )S  STOP
(S (NP *UNKC )NP (VP had (VP offered (NP (NP (NP one-half a share )NP (PP of (NP its common )NP )PP )NP and (NP (NP $ 1 )NP (PP in (NP cash )NP )PP )NP )NP (PP for (NP each unit )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP The public sector borrowing requirement )NP , (NP (NP the (ADJP most widely used )ADJP measure )NP (PP of (NP (NP Britain 's )NP government deficit or surplus )NP )PP )NP , )NP (VP showed (NP (NP a deficit )NP (PP of (NP (QP # 200 million )QP )NP )PP )NP (PP in (NP September )NP )PP , (PP compared (PP with (NP (NP (NP a deficit )NP (PP of (NP (QP # *UNKN million )QP )NP )PP (PP in (NP August )NP )PP )NP and (NP (NP a deficit )NP (PP of (NP (QP # *UNKN billion )QP )NP )PP (PP in (NP September 1988 )NP )PP )NP )NP )PP )PP )VP )S , (NP the Treasury )NP (VP said )VP . )S  STOP
(S (PP In (NP (NP the six months )NP (SBAR since (S (NP the current fiscal year )NP (VP began (NP April 1 )NP )VP )S )SBAR )NP )PP , (NP the surplus )NP (VP totaled (NP (QP # 500 million )QP )NP , (PP compared (PP with (NP (NP a surplus )NP (PP of (NP (QP # 3.6 billion )QP )NP )PP (PP in (NP the year-earlier period )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP The government )NP (VP is (VP *UNKING (NP a (ADJP (QP # 14 billion )QP )ADJP surplus )NP (PP for (NP the fiscal year )NP )PP )VP )VP . )S  STOP
(S (NP (NP The reported figures )NP (PP for (NP the public sector borrowing requirement )NP )PP )NP (VP include (NP (NP receipts )NP (PP from (NP (NP the sale )NP (PP of (NP state-owned industries )NP )PP )NP )PP )NP )VP . )S  STOP
(S (S (S (VP Excluding (NP those receipts )NP )VP )S , (NP the government deficit )NP (VP would (VP have (VP totaled (NP (QP about # 2.5 billion )QP )NP (PP in (NP the first six months )NP )PP , (PP compared (PP with (NP (NP (QP # 1.3 billion )QP )NP (ADVP (NP a year )NP earlier )ADVP )NP )PP )PP )VP )VP )VP )S , (NP the Treasury )NP (VP said )VP . )S  STOP
(S (NP (NP French *UNK- production )NP (PP in (NP September )NP )PP )NP (VP was (NP (NP *UNKN metric tons )NP , (ADJP unchanged (PP from (ADVP (NP a year )NP earlier )ADVP )PP )ADJP , )NP (PP according (PP to (NP (NP the National Steel Manufacturers ' )NP Association )NP )PP )PP )VP . )S  STOP
(S (NP The association )NP (VP said (SBAR (S (NP the September total )NP (VP brought (NP (NP French output )NP (PP for (NP (NP the first nine months )NP (NP this year )NP )NP )PP )NP (PP to (NP *UNKN tons )NP )PP , (ADVP up (NP 4.5 % )NP (PP from (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC Group Inc. )NP , (SBAR (WHNP (WHNP whose recent hostile tender offer )WHNP (PP for (NP *UNKC Equipment Inc. )NP )PP )WHNP (S (VP failed (PP for (NP (NP lack )NP (PP of (NP financing )NP )PP )NP )PP )VP )S )SBAR , )NP (ADVP apparently )ADVP (VP has (VP gained (NP (NP a measure )NP (PP of (NP (NP control )NP (PP over (NP the troubled company )NP )PP )NP )PP )NP (ADVP anyway )ADVP )VP )VP . )S  STOP
(S (PP As (NP (NP part )NP (PP of (SBAR (WHNP what )WHNP (S (NP a *UNKC spokeswoman )NP (VP termed (S (NP an `` *UNK agreement )NP )S )VP )S )SBAR )PP )NP )PP , '' (NP Prospect Group )NP (VP will (VP wind (PRT up )PRT (PP with (NP (NP (NP control )NP (PP of (NP top management posts )NP )PP )NP and (NP (NP an increased stake )NP (PP in (NP (NP the maker )NP (PP of (NP data management equipment )NP )PP )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (PP In (NP a management restructuring )NP )PP , (NP Thomas L. *UNKC )NP (VP resigned (PP as (NP (NP chairman )NP , (NP chief executive )NP and (NP a director )NP )NP )PP , (SBAR while (S (NP Israel *UNKC )NP (VP resigned (PP as (NP a director )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP remains (PP as (NP executive vice president )NP )PP )VP . )S  STOP
(S (NP (NP (NP Thomas M. *UNKC )NP and (NP Robert A. *UNKC )NP )NP , (SBAR (WHNP who )WHNP (S (VP had (VP been (VP designated (S (VP to (VP take (PRT over )PRT (NP (NP *UNKC 's )NP top spots )NP (SBAR (SINV had (NP (NP Prospect 's )NP tender offer )NP (VP succeeded )VP )SINV )SBAR )VP )VP )S )VP )VP )VP )S )SBAR , )NP (VP were (VP named (S (NP (NP co-chief executives )NP and (NP directors )NP )NP )S )VP )VP . )S  STOP
(S (S (NP Mr. *UNKC )NP (VP was (ADVP formerly )ADVP (NP (NP (NP a vice president )NP and (NP general manager )NP )NP (PP of (NP an Avery International division )NP )PP )NP )VP )S ; (S (NP Mr. *UNKC )NP (VP was (NP (NP a former group vice president )NP (PP of (NP *UNKC *UNKC Inc )NP )PP )NP )VP )S . )S  STOP
(S (PP In (NP addition )NP )PP , (NP the agreement )NP (VP calls (SBAR for (S (NP (NP *UNKC H. *UNKC )NP , (NP (NP chairman )NP (PP of (NP (NP Prospect Group 's )NP executive committee )NP )PP )NP , )NP (VP to (VP be (VP named (S (NP (NP chairman )NP (PP of (NP (NP a restructured board )NP (SBAR (WHNP that )WHNP (S (VP will (VP include (NP four new independent directors )NP )VP )VP )S )SBAR )NP )PP )NP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(SINV (ADVP Also )ADVP (VP named (PP to (NP the revised board )NP )PP )VP (VP was )VP (NP (NP Thomas A. *UNKC )NP , (NP (NP Recognition 's )NP (NX (NX senior vice president )NX and (NX general counsel )NX )NX )NP )NP . )SINV  STOP
(S (NP (NP Prospect )NP , (NP a (ADJP New York-based )ADJP leveraged buy-out firm )NP , )NP (ADVP also )ADVP (VP agreed (S (VP to (VP invest (NP (QP $ 15 million )QP )NP (PP in (NP (NP Recognition )NP , (SBAR (WHNP which )WHNP (S (PP in (NP turn )NP )PP (VP agreed (S (VP to (VP repurchase (NP (NP (QP as much as $ 20 million )QP )NP (PP of (NP its stock )NP )PP )NP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP That )NP (VP would (VP increase (NP (NP (NP Prospect 's )NP ownership )NP (PP of (NP (NP (NP the company 's )NP *UNKED shares )NP (ADJP outstanding )ADJP )NP )PP )NP (PP to (NP 20 % )NP )PP (PP from (NP *UNKN % )NP )PP )VP )VP . )S  STOP
(S (PP Under (NP the agreement )NP )PP , (NP Prospect )NP (VP is (VP permitted (S (VP to (VP increase (NP (NP its stake )NP (PP in (NP Recognition )NP )PP )NP (PP to (NP 30 % )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (PP Beyond (NP that )NP )PP , (NP Prospect )NP (VP said (SBAR (S (NP it )NP (VP would n't (VP offer (S (VP to (VP (VP acquire (NP additional shares )NP (PP for (NP (NP (QP less than $ *UNKN )QP )NP (NP a share )NP )NP )PP (PP during (NP the next year )NP )PP )VP or (VP (NP (NP (QP less than $ *UNKN )QP )NP (NP a share )NP )NP (PP during (NP the subsequent two years )NP )PP )VP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Recognition )NP (ADVP also )ADVP (VP said (SBAR (S (NP it )NP (VP obtained (NP a commitment )NP (PP from (NP (NP Chemical Bank )NP and (NP (NP Bank )NP (PP of (NP Boston )NP )PP )NP )NP )PP (S (VP to (VP convert (NP (NP an estimated (QP $ 18 million )QP )NP (PP in (NP bank debt )NP )PP )NP (PP to (NP (NP a new , *UNK- secured term loan )NP (SBAR (S (VP to (VP be (VP repaid (PP through (NP (NP the sale )NP (PP of (NP certain assets )NP )PP )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP August )NP )PP , (NP Recognition )NP (VP said (SBAR (S (NP it )NP (VP was (PP in (NP (NP violation )NP (PP of (NP (NP certain terms )NP (PP of (NP (NP its debt agreements )NP (PP with (NP bank lenders )NP )PP )NP )PP )NP )PP )NP )PP (PP because of (NP (NP a (ADJP (QP $ 3.9 million )QP )ADJP loss )NP (PP for (NP (NP the third quarter )NP (VP ended (NP July 31 )NP )VP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP attributed (NP the loss )NP (PP to (NP (NP declining revenue )NP and (NP (NP litigation costs )NP (VP relating (PP to (NP (NP criminal charges )NP (PP against (NP (NP the company )NP and (NP (NP two former executives )NP , (NP (NP William G. Moore Jr. )NP and (NP Robert W. *UNKC )NP )NP )NP )NP )PP )NP )PP )VP )NP )NP )PP )VP . )S  STOP
(S (NP The former executives )NP (VP were (VP indicted (NP last October )NP (PP on (NP (NP charges )NP (PP of (NP fraud , theft and conspiracy )NP )PP (ADJP related (PP to (NP (NP efforts )NP (PP by (NP the company )NP )PP (S (VP to (VP win (NP (NP (QP $ 400 million )QP )NP (PP in (NP Postal Service contracts )NP )PP )NP )VP )VP )S )NP )PP )ADJP )NP )PP )VP )VP . )S  STOP
(S (NP Recognition Equipment )NP (VP said (SBAR (S (NP it )NP (VP expected (S (VP to (VP put (NP (NP the agreement )NP (PP with (NP Prospect )NP )PP )NP (PP to (NP (NP a vote )NP (PP of (NP its stockholders )NP )PP )NP )PP (PP at (NP (NP a special meeting )NP (PP in (NP January )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP , (NP Recognition )NP (VP rose (NP 87.5 cents )NP (PP to (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (NP Prospect )NP (VP slipped (NP 25 cents )NP (PP to (NP $ *UNKN )NP )PP (PP in (NP national over-the-counter trading )NP )PP )VP . )S  STOP
(S (NP (NP General Motors Corp. 's )NP Chevrolet division )NP , (S (VP reacting (PP to (NP slow sales )NP )PP )VP )S , (VP said (SBAR (S (NP it )NP (VP will (VP offer (NP (NP (ADJP $ 800 )ADJP rebates )NP (PP on (NP (NP its 1990 *UNKC )NP , (NP (NP the *UNK- version )NP (PP of (NP its core *UNK- line )NP )PP )NP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC sales )NP (PP of (NP (NP the *UNKC )NP , and (NP (NP its *UNK- sister car )NP , (NP the *UNKC )NP , )NP )NP )PP )NP (VP prompted (S (NP GM )NP (VP to (VP idle (NP (NP the two plants )NP (SBAR (WHNP that )WHNP (S (VP build (NP the *UNK )NP )VP )S )SBAR )NP (PP for (NP (QP a total of three )QP weeks )NP )PP (NP this month )NP )VP )VP )S )VP . )S  STOP
(S (S (NP The *UNKC and *UNKC )NP (VP make (PRT up )PRT (NP (NP the *UNK- car line )NP (PP at (NP Chevrolet )NP )PP )NP )VP )S , but (S (NP (NP sales )NP (PP of (NP the vehicles )NP )PP )NP (VP (VP are (ADVP off (NP 9.6 % )NP )ADVP (PP for (NP the year )NP )PP )VP , and (VP fell (NP a steep 34 % )NP (PP during (NP early October )NP )PP )VP )VP )S . )S  STOP
(S (NP Chevrolet )NP (ADVP already )ADVP (VP is (VP offering (NP (NP an (ADJP $ 800 )ADJP *UNK )NP (PP on (NP the *UNK- *UNKC )NP )PP )NP )VP )VP . )S  STOP
(S (NP The latest *UNK )NP (VP is (ADJP good (PP for (NP all Beretta models )NP )PP )ADJP )VP . )S  STOP
(S (NP Chevrolet buyers )NP (VP can (VP (VP take (NP the *UNK )NP )VP , or (VP get (NP (NP discount financing )NP (PP at (NP (NP rates )NP (VP ranging (PP (PP from (NP (NP 6.9 % )NP (PP on (NP *UNK- loans )NP )PP )NP )PP (PP to (NP (NP *UNKN % )NP (PP on (NP *UNK- loans )NP )PP )NP )PP )PP )VP )NP )PP )NP )VP )VP )VP . )S  STOP
(S (NP StatesWest Airlines )NP (VP said (SBAR (S (NP it )NP (VP submitted (NP an offer )NP (PP to (NP (NP the directors )NP (PP of (NP Mesa Airlines )NP )PP )NP )PP (S (VP to (VP acquire (NP the (NAC *UNKC , *UNKC , )NAC carrier )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (SBAR *UNKC (S (VP to (VP *UNK (NP its offer )NP (PP as `` (UCP (ADJP fair and generous )ADJP and (PP in (NP (NP the best interests )NP (PP of (NP Mesa shareholders )NP )PP )NP )PP )UCP )PP )VP )VP )S )SBAR , '' (NP StatesWest )NP (VP declined (S (VP to (VP discuss (NP (NP details )NP (PP of (NP its proposal )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP asked (S (NP Mesa )NP (VP to (VP keep (S (NP the proposal )NP (ADJP *UNK )ADJP )S )VP )VP )S )VP . )S  STOP
(S (NP A Mesa official )NP (VP (VP confirmed (NP (NP *UNK )NP (PP of (NP the offer )NP )PP )NP )VP and (VP said (SBAR (S (NP directors )NP (VP would (VP meet (S (VP to (VP consider (NP it )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Last week )NP , (NP Mesa )NP (VP rejected (NP (NP a proposal )NP (PP by (NP StatesWest )NP )PP (S (VP to (VP (VP acquire (NP it )NP )VP or (VP merge )VP )VP )VP )S )NP )VP . )S  STOP
(S (NP StatesWest )NP (VP has (NP (NP a (ADJP 7.25 % )ADJP stake )NP (PP in (NP (NP Mesa )NP , (SBAR (WHNP which )WHNP (S (VP operates (NP 20 *UNK- and two *UNK- *UNK )NP (PP among (NP (NP 42 cities )NP (PP in (NP (NP New Mexico )NP , (NP Arizona )NP , (NP Wyoming )NP , (NP Colorado )NP and (NP Texas )NP )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP StatesWest )NP (VP operates (NP four *UNK- *UNK aircraft )NP , (S (VP *UNKING (NP (NP 10 cities )NP (PP in (NP California , Arizona and Nevada )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP The carrier )NP (VP has n't (ADVP yet )ADVP (VP turned (NP a profit )NP )VP )VP . )S  STOP
(S (NP (NP The former president )NP (PP of (NP (NP *UNKC *UNKC )NP , (NP a *UNK Arkansas thrift )NP , )NP )PP )NP (VP pleaded (ADJP guilty (PP to (S (VP *UNKING (S (VP to (VP *UNK (NP (NP the institution 's )NP earnings )NP (PP by (S (VP *UNKING (NP *UNK loan guarantees )NP )VP )S )PP )VP )VP )S )VP )S )PP )ADJP )VP . )S  STOP
(S (NP (NP Roderick D. *UNKED III )NP , (SBAR (WHNP who )WHNP (S (VP was (ADVP also )ADVP (NP (NP chief operating officer )NP (PP of (NP *UNKC )NP )PP )NP )VP )S )SBAR , )NP (VP could (VP receive (NP (NP a maximum sentence )NP (PP of (NP (NP (NP five years )NP (PP in (NP federal prison )NP )PP )NP and (NP a (ADJP $ 250,000 )ADJP fine )NP )NP )PP )NP )VP )VP . )S  STOP
(S (NP A *UNKING date )NP (VP has n't (VP been (VP set )VP )VP )VP . )S  STOP
(S (NP Mr. *UNKED )NP (VP admitted (SBAR (S (NP he )NP (VP *UNKED (S (VP to (VP *UNK (NP an agreement (S not (VP to (VP enforce (NP (NP loan guarantees )NP (VP executed (PP by (NP (NP Dallas real-estate developers A. *UNKC Taylor III and George S. Watson )NP , (SBAR (WHNP (WHNP both )WHNP (WHPP of (WHNP whom )WHNP )WHPP )WHNP (S (VP were (NP *UNKC stockholders )NP )VP )S )SBAR )NP )PP )VP )NP )VP )VP )S )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Neither (NP Mr. Taylor )NP nor (NP Mr. Watson )NP )NP (VP have (VP been (VP charged (PP with (NP criminal wrongdoing )NP )PP )VP )VP )VP . )S  STOP
(S (PP By (S (VP *UNKING (NP the *UNK- agreement )NP )VP )S )PP , (NP (NP certain transactions )NP (PP with (NP Messrs. Taylor and Watson )NP )PP )NP (VP were (VP entered (PP on (NP (NP *UNKC 's )NP books )NP )PP (PP as (NP loans )NP )PP , (S (VP allowing (S (NP the thrift )NP (VP to (VP report (NP fees and interest )NP (PP as (NP current income )NP )PP )VP )VP )S )VP )S , (PP according (PP to (NP (NP (NP the U.S. attorney 's )NP office )NP (PP in (NP (NP Little Rock )NP , (NP *UNKC )NP )NP )PP )NP )PP )PP )VP )VP . )S  STOP
(S (NP The conspiracy )NP (VP was (NP (NP part )NP (PP of (NP (NP an effort )NP (PP by (NP Mr. *UNKED )NP )PP (S (VP to (VP hide (NP (NP *UNKC 's )NP shaky financial condition )NP (PP from (NP federal regulators )NP )PP )VP )VP )S )NP )PP )NP , (PP according (PP to (NP federal prosecutors and regulators )NP )PP )PP )VP . )S  STOP
(S (NP The (ADJP (QP $ *UNKN billion )QP )ADJP thrift )NP (VP (VP was (VP declared (S (ADJP insolvent )ADJP )S )VP )VP and (VP closed )VP (PP in (NP December 1986 )NP )PP )VP . )S  STOP
(S (NP (NP (NP *UNKC 's )NP former (NX (NX chairman )NX and (NX chief executive officer )NX )NX )NP , (NP Howard *UNKC )NP , )NP (VP is (ADVP also )ADVP (VP charged (PP with (S (VP *UNKING (S (VP to (VP *UNK (NP (NP the agreements )NP (PP with (NP Messrs. Watson and Taylor )NP )PP )NP )VP )VP )S )VP )S )PP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (VP scheduled (PP for (NP (NP trial )NP (NP Jan. 3 )NP )NP )PP (PP before (NP (NP federal Judge Stephen *UNKC )NP (PP of (NP Little Rock )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP I )NP (VP approached (NP `` (NP *UNKC )NP , '' (NP (NP (NP Larry *UNKC 's )NP new comedy )NP (PP at (NP the *UNKC Center )NP )PP )NP , )NP (PP with (NP considerable *UNK )NP )PP )VP . )S  STOP
(S (NP Nothing )NP (PRN , (S (NP I )NP (VP assumed )VP )S , )PRN (VP would (VP be (ADJP (ADJP (ADVP more *UNKLY )ADVP dated )ADJP (PP than (NP (NP a political *UNK )NP (PP on (NP the Iran-Contra affair )NP )PP )NP )PP )ADJP )VP )VP . )S  STOP
(S (NP I )NP (VP had (VP *UNKED , (ADVP however )ADVP , (NP both (NP (NP Mr. *UNKC 's )NP *UNK )NP and (NP (NP the *UNK )NP (PP of (NP scandal )NP )PP (PP in (NP Washington )NP )PP )NP )NP )VP )VP . )S  STOP
(S (SBAR Though (S (NP the play )NP (ADVP clearly )ADVP (VP is (VP *UNKED (PP around (NP (NP the events )NP (PP of (NP Iran-Contra )NP )PP )NP )PP )VP )VP )S )SBAR , (NP it )NP (VP takes (PRT in )PRT (NP (NP the wide sweep )NP (PP of (NP (NP scandals )NP (PP over (NP the past 30 years )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP fact )NP )PP , (PP at (NP one point )NP )PP (NP (NP (NP *UNKC Chase )NP (PRN -LRB- (NP *UNKC *UNKC )NP -RRB- )PRN )NP , (NP a cool , (ADJP carefully *UNKED )ADJP television *UNK )NP , )NP (VP *UNK (NP (NP a list )NP (PP of (NP (NP (QP a dozen or more )QP scandals )NP (PP of (NP recent years )NP )PP )NP )PP )NP , (S (VP *UNKING (PP with (NP (NP those )NP (VP affecting (NP (NP (NP the Department )NP (PP of (NP Housing and Urban Development )NP )PP )NP and (NP the savings and loan industry )NP )NP )VP )NP )PP )VP )S )VP . )S  STOP
(S (ADVP *UNKC )ADVP , (NP (NP a congressional hearing )NP )NP (VP is (PP in (NP progress )NP )PP , (ADJP complete (PP with (NP (NP (NP *UNK *UNK *UNK )NP (ADVP overhead )ADVP )NP and (NP (NP a *UNK *UNK )NP (PP of (NP (NP the signing )NP (PP of (NP the Constitution )NP )PP )NP )PP (PP in (NP the background )NP )PP )NP )NP )PP )ADJP )VP . )S  STOP
(S (S (NP The witness table )NP (VP is (NP center stage )NP )VP )S and (S (PP below (NP it )NP )PP , (NP (NP the *UNK )NP (PP for (NP (NP the *UNK- media )NP , (PP in (NP this case )NP )PP (NP (NP *UNKC )NP , (NP the Total News Network )NP )NP )NP )PP )NP )S . )S  STOP
(S (CONJP Not only )CONJP (SINV (VP are )VP (NP there )NP (NP camera operators )NP (PP on (NP all sides )NP )PP )SINV , but (S (NP the proceedings )NP (VP are (VP shown (PP on (NP (NP monitors )NP (PP throughout (NP the theater )NP )PP )NP )PP )VP )VP )S . )S  STOP
(S (NP (NP The *UNK )NP (PP of (NP theater )NP )PP )NP (VP is not (ADJP entirely *UNK )ADJP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (ADVP clearly )ADVP (VP feels (SBAR that (S (NP (NP (NP all the participants )NP (PP in (NP a congressional hearing )NP )PP )NP -- (NP (NP the witnesses )NP , (NP the lawyers )NP , (NP the *UNK )NP and (NP the news media )NP )NP -- )NP (VP are (NP performers )NP )VP )S )SBAR )VP . )S  STOP
(S (SBAR As (S (NP (NP the story )NP (PP of `` (NP *UNKC )NP '' )PP )NP (VP *UNK )VP )S )SBAR , (NP we )NP (VP learn (SBAR that (S (NP the Internal Revenue Service )NP (VP confiscated (NP (NP one )NP (PP of (NP (NP the properties )NP (PP of (NP (NP a foreign financier )NP (SBAR (WHNP who )WHNP (S (VP owes (NP the government )NP (NP (NP millions )NP (PP in (NP taxes )NP )PP )NP )VP )S )SBAR )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The man )NP (PRN , (S (NP it )NP (VP seems )VP )S , )PRN (VP has (NP (NP a *UNKC corporation )NP , (VP (VP licensed (PP in (NP *UNKC )NP )PP )VP and (VP *UNKED (PP in (NP the *UNKC )NP )PP )VP )VP )NP )VP . )S  STOP
(S (NP (NP He )NP (NP himself )NP )NP (VP lives (PP in (NP (NP a `` consecutive series )NP (PP of (NP *UNKED houses )NP )PP (PP in (NP (NP a town )NP (PP in (NP Switzerland )NP )PP )NP )PP )NP )PP )VP . '' )S  STOP
(S (NP (NP The property )NP (VP seized (PP by (NP the IRS )NP )PP )VP )NP (VP is (NP (NP a Hollywood film studio )NP , (NP (NP *UNKC Pictures *UNKED )NP (PRN -LRB- (NP *UNKC )NP -RRB- )PRN )NP )NP )VP . )S  STOP
(S (S (ADVP *UNKLY )ADVP (NP the IRS )NP (VP will (VP sell (PRT off )PRT (NP (NP the assets )NP (PP of (NP *UNKC )NP )PP )NP )VP )VP )S , but (S (SBAR before (S (NP it )NP (VP can )VP )S )SBAR , (NP a *UNKLY IRS agent )NP (VP is (VP called (PP into (NP (NP the hospital room )NP (PP of (NP (NP *UNKC *UNKC )NP , (NP (NP the *UNKING head )NP (PP of (NP the Central Intelligence Agency )NP )PP )NP )NP )PP )NP )PP )VP )VP )S . )S  STOP
(S (NP (NP The *UNKLY agent )NP , (NP *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (SBAR as (S (NP you )NP (VP might (VP guess )VP )VP )S )SBAR , (VP is (VP being (VP led (PP to (NP the *UNK )NP )PP )VP )VP )VP , )S )SBAR )NP (VP is (VP ordered (S (VP to (VP take (PRT over )PRT (NP the studio )NP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP Soon )ADVP (NP the studio )NP (VP is (VP producing (NP (NP a (ADJP (QP $ 40 million )QP )ADJP picture )NP (VP called (S `` (NP (NP *UNKC )NP , (NP the *UNKC *UNKC )NP )NP )S , '' (S (VP to (VP *UNK (NP it )NP (PP from (NP `` (NP (NP *UNKC )NP , (NP the *UNKC )NP )NP , '' (CONJP as well as )CONJP (NP `` (NP (NP *UNKC )NP , (NP the Book )NP )NP '' and `` (NP (NP *UNKC )NP , (NP the *UNKC )NP )NP )NP )NP )PP )VP )VP )S )VP )NP )VP )VP . '' )S  STOP
(S (NP (NP The picture )NP , (SBAR (S (VP to (VP be (VP made (PP in (NP (NP the (ADJP Central American )ADJP country )NP (PP of (NP San *UNKC )NP )PP )NP )PP )VP )VP )VP )S )SBAR , )NP (VP is (NP (NP a cover )NP (PP for (S (VP sending (NP (NP (QP $ 800 million )QP )NP (PP of (NP arms )NP )PP )NP (PP to (NP (NP Los *UNKC )NP , (NP (NP the *UNK group )NP (VP attempting (S (VP to (VP regain (NP (NP neighboring *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP has (VP been (VP taken (PRT over )PRT (PP by (NP (NP the *UNK dictator Dr. *UNKC )NP , (NP (NP a former *UNK )NP , (SBAR (WHNP who )WHNP (S (VP leads (NP (NP a revolutionary band )NP (PP of (NP foot soldiers )NP )PP )NP )VP )S )SBAR )NP )NP )PP )VP )VP )VP )S )SBAR )NP )VP )VP )S )VP )NP )NP )PP )VP )S )PP )NP )VP . )S  STOP
(S (NP (NP The man )NP (VP handling (NP all this )NP (PP for (NP the *UNKED *UNKC )NP )PP )VP )NP (VP is (NP (NP Major *UNKC Battle )NP , (NP (NP (NP Mr. Gelbart 's )NP stand in )NP (PP for (NP *UNKC Oliver North )NP )PP )NP )NP )VP . )S  STOP
(S (NP Director Michael *UNKC )NP (VP has (VP assembled (NP (NP a *UNK- cast )NP (SBAR (S (VP (VP to (VP carry (PRT out )PRT (NP (NP the *UNK )NP (PP of (NP well-known political figures )NP )PP )NP )VP )VP and (VP to (VP play (NP (NP the stock characters )NP (SBAR (WHNP who )WHNP (S (ADVP *UNKLY )ADVP (VP show (PRT up )PRT (PP at (NP congressional hearings )NP )PP )VP )S )SBAR )NP )VP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (S (NP Daniel *UNK *UNKC )NP (VP is (ADJP (ADJP *UNK- )ADJP but (ADJP totally assured )ADJP )ADJP (PP as (NP Major Battle )NP )PP , (S (VP *UNKING (NP (NP just the right brand )NP (PP of (NP *UNK- and *UNK )NP )PP )NP )VP )S )VP )S ; (S (NP Jeff Weiss )NP (VP is (NP (NP fire )NP , (NP *UNK )NP and (NP *UNKED *UNK )NP )NP (PP as (NP (NP the *UNK- senator )NP (SBAR (WHNP who )WHNP (S (VP serves (PP as (NP (NP a friendly *UNK )NP (PP of (NP Major Battle )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP )S ; (S (NP *UNKC *UNKC )NP (VP is (ADJP *UNKLY *UNK )ADJP (S (VP playing (NP (NP a *UNK )NP (PP of (NP lawyers )NP )PP )NP )VP )S )VP )S ; (S (NP Joseph Daly )NP (VP has (NP (NP the perfect `` (INTJ *UNK , *UNK )INTJ '' *UNK )NP (PP of (NP George Bush )NP )PP )NP (PP in (NP (NP his *UNK )NP (PP of (NP the vice president )NP )PP )NP )PP )VP )S ; and (S (NP Ann McDonough )NP (VP is (ADJP *UNK- )ADJP (PP as (NP (NP a *UNK )NP (PP of (NP (NP witnesses ' )NP *UNK )NP )PP )NP )PP )VP )S . )S  STOP
(S (S (PP With (NP one )NP )PP (NP she )NP (VP is (ADJP pregnant )ADJP )VP )S , (S (PP with (NP Major Battle )NP )PP (NP she )NP (VP is (VP *UNKING (NP an American flag )NP )VP )VP )S , and (S (PP as (NP (NP the vice president 's )NP wife )NP )PP (NP she )NP (VP *UNK (ADVP in )ADVP (PP with (NP white hair )NP )PP , (S (VP wearing (NP (NP a *UNKED suit )NP and (NP *UNK )NP )NP )VP )S , (S (VP *UNKING (NP (NP Barbara Bush 's )NP gestures )NP (PP down (PP to (NP the last detail )NP )PP )PP )VP )S )VP )S . )S  STOP
(S (SBAR Though (S (NP (NP it )NP )NP (VP 's (ADJP clear )ADJP (SBAR that (S (NP (NP Mr. Gelbart 's )NP *UNK )NP (VP do not (VP lie (PP with (NP the far right )NP )PP )VP )VP )S )SBAR )VP )S )SBAR , (NP (NP it )NP )NP (VP 's (ADVP also )ADVP (ADJP true )ADJP (SBAR that (S (NP he )NP (VP is (ADJP *UNKED )ADJP (PP in (S (VP *UNKING (NP his *UNK *UNK )NP )VP )S )PP , (S (VP taking (NP sharp aim )NP (PP (PP at (NP (NP senators and *UNK )NP (PP of (NP all *UNK )NP )PP )NP )PP and (PP (ADVP particularly )ADVP at (NP the media )NP )PP )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Gelbart )NP (ADVP also )ADVP (VP has (NP fun )NP (PP with (NP language )NP )PP )VP . )S  STOP
(S (S `` (NP *UNKC )NP '' (VP is (VP *UNKED (S `` (NP (NP a play )NP (PP on (NP words )NP )PP )NP )S )VP )VP )S , '' and (S (NP Mr. Gelbart )NP (VP plays (NP that game )NP (ADVP (ADVP as well )ADVP (PP as (NP anyone )NP )PP )ADVP )VP )S . )S  STOP
(S (NP He )NP (VP describes (NP a *UNKC *UNK )NP (PP as (NP (NP one )NP (SBAR (WHNP who )WHNP (S (VP (VP experienced (NP a `` *UNK disappearance '' )NP )VP and (VP found (S (NP himself )NP `` (VP handling (NP *UNK appeals )NP (PP at (NP (NP the Bureau )NP (PP of (NP Indian Affairs )NP )PP )NP )PP )VP )S )VP )VP )S )SBAR )NP )PP )VP . '' )S  STOP
(S (NP (NP This interest )NP (PP in (NP words )NP )PP )NP (VP goes (PP beyond (NP *UNK and *UNK )NP )PP , (ADVP however )ADVP )VP . )S  STOP
(S (NP Mr. Gelbart )NP (VP *UNK (NP (NP (NP the *UNK )NP , (NP the *UNK )NP and (NP the *UNK )NP )NP (PP of (NP language )NP )PP (SBAR (S (NP he )NP (VP sees (PP on (NP all sides )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (SBAR As (S (NP the hearings )NP (VP begin )VP )S )SBAR , (NP (NP the *UNK- Sen. *UNKC )NP (PRN -LRB- (NP *UNKC *UNKC )NP -RRB- )PRN )NP (VP *UNK : `` (S (S (VP Let (S (NP me )NP (VP *UNK (NP one thing )NP (PP at (NP the *UNK )NP )PP )VP )S )VP )S : (S (NP We )NP (VP are not (VP looking (PP for (NP (NP (NP *UNK )NP (SBAR (S (VP to (NP skin )NP )VP )S )SBAR )NP nor (NP (NP *UNK )NP (SBAR (S (VP to (VP *UNK )VP )VP )S )SBAR )NP )NP )PP )VP )VP )S )S )VP . '' )S  STOP
(S (S (NP (NP Major Battle )NP (NP himself )NP )NP (VP speaks (PP in (NP pure *UNKC )NP )PP )VP )S : `` (S (PP Without (NP further *UNK- aid )NP )PP , (NP (NP scores )NP (PP of (NP (NP *UNKC freedom *UNK )NP , (SBAR (WHNP who )WHNP (S (VP had (VP gone (PP (ADVP way )ADVP out (PP on (NP their life and *UNK )NP )PP )PP (PP for (NP us )NP )PP )VP )VP )S )SBAR , )NP )PP )NP (VP were (VP (ADVP literally )ADVP cut (PRT off )PRT (PP at (NP the *UNK )NP )PP (PP without (NP a *UNK )NP )PP )VP )VP )S . '' )S  STOP
(S (PP At (NP another point )NP )PP (NP he )NP (VP *UNK : `` (S (NP *UNKC )NP (VP is (NP (NP a small price )NP (SBAR (S (VP to (VP pay (PP for (NP *UNK )NP )PP )VP )VP )S )SBAR )NP )VP )S )VP . '' )S  STOP
(S (S (NP The evening )NP (VP is (ADJP (ADJP short )ADJP (PRN -- (NP (NP 95 minutes )NP (PP without (NP an *UNK )NP )PP )NP -- )PRN )ADJP )VP )S but (ADVP even so )ADVP , (S (SBAR as (S (NP the play )NP (VP *UNK )VP )S )SBAR (NP (NP the thrust )NP (PP of (NP (NP Mr. Gelbart 's )NP *UNK )NP )PP )NP (VP loses (NP its *UNK )NP (SBAR as (S (NP his targets )NP (VP pop (PRT up )PRT (ADVP ever more *UNKLY )ADVP )VP )S )SBAR )VP )S . )S  STOP
(S (NP (NP Most )NP (PP of (NP the evening )NP )PP )NP , (ADVP though )ADVP , (VP is (VP filled (PP with (NP (ADJP rare and welcome )ADJP *UNK )NP )PP )VP )VP . )S  STOP
(S (PP In `` (NP *UNKC )NP )PP , '' (NP Mr. Gelbart )NP (VP has (VP provided (NP us )NP (NP (NP (NP (QP not just one but two )QP commodities )NP (SBAR (WHNP that )WHNP (S (VP have (VP (ADVP all but )ADVP *UNKED (PP from (NP the *UNKC theater )NP )PP )VP )VP )S )SBAR )NP : (NP (NP sharp political *UNK )NP and (NP (NP an (ADJP even *UNK )ADJP appreciation )NP (PP of (NP (NP the value )NP (PP of (NP language )NP )PP )NP )PP )NP )NP )NP )VP )VP . )S  STOP
(S (NP The Federal National Mortgage Association )NP (VP (VP set (PRT up )PRT (NP (NP a *UNK- office )NP (PP of (NP the chairman )NP )PP )NP )VP and (VP elected (NP James A. Johnson )NP (PP as (NP vice chairman )NP )PP , (S (ADJP effective (NP Jan. 1 )NP )ADJP )S )VP )VP . )S  STOP
(S (NP Mr. Johnson )NP (VP (VP has (VP been (NP (NP a managing director )NP (PP at (NP Shearson Lehman Hutton )NP )PP )NP (PP since (NP 1985 )NP )PP )VP )VP , and (VP (PP before (NP that )NP )PP was (NP (NP president )NP (PP of (NP (NP Public *UNKC )NP , (NP a Washington consulting firm )NP )NP )PP )NP )VP )VP . )S  STOP
(S (NP He )NP (VP is (ADJP well-known )ADJP (PP in (NP Democratic circles )NP )PP , (S (VP having (VP been (NP (NP (NP executive assistant )NP (PP to (NP Vice President Walter *UNKC )NP )PP )NP and (NP (NP chairman )NP (PP of (NP (NP Mr. *UNKC 's )NP 1984 presidential campaign )NP )PP )NP )NP )VP )VP )S )VP . )S  STOP
(S (PP At (NP Fannie Mae )NP )PP , (NP he )NP (VP (VP will (VP take (NP responsibility )NP (PP for (NP (NP the corporation 's )NP (ADJP financial and legal )ADJP areas )NP )PP )VP )VP and (VP will (VP work (PP with (NP (NP (NP David Maxwell )NP , (NP (NP chairman )NP and (NP chief executive officer )NP )NP , )NP and (NP (NP Roger *UNKC )NP , (NP (NP president )NP and (NP chief operating officer )NP )NP , )NP )NP )PP (PP on (NP strategic planning )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP Mr. Johnson )NP , (ADJP (NP 45 years )NP old )ADJP , )NP (VP has (VP been (NP (NP a consultant )NP (PP on (NP strategy )NP )PP (PP to (NP Fannie Mae )NP )PP )NP (PP for (NP the past (QP 3 1\/2 )QP years )NP )PP )VP )VP . )S  STOP
(S (PP In (NP an interview )NP )PP , (NP he )NP (VP said (SBAR (S (NP Fannie Mae )NP (VP faces (NP (NP a number )NP (PP of (NP challenges )NP )PP )NP (PP with (NP (NP (NP the restructuring )NP (PP of (NP the thrift industry )NP )PP )NP and (NP the push (S (VP to (VP *UNK (NP its activities overseas )NP )VP )VP )S )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP There )NP (VP 's (NP (NP no shortage )NP (PP of (NP (NP major things )NP (SBAR (S (VP to (VP do )VP )VP )S )SBAR )NP )PP )NP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP Fannie Mae )NP (ADVP also )ADVP (VP said (SBAR (S (NP (NP James A. *UNKC )NP , (NP (NP (NP chairman )NP (PP of (NP (NP First Federal )NP (PP of (NP Michigan )NP )PP )NP )PP )NP and (NP (NP a director )NP (PP since (NP 1985 )NP )PP )NP )NP , )NP (VP moved (PRT up )PRT (NP (NP the date )NP (PP of (NP (NP his retirement )NP (PP from (NP the board )NP )PP )NP )PP )NP (S (VP to (VP accommodate (NP (NP (NP Mr. Johnson 's )NP election )NP (PP as (NP a director )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The board )NP (VP has (NP (NP (NP 13 members )NP (VP elected (PP by (NP holders )NP )PP )VP )NP and (NP five presidential *UNK )NP )NP )VP . )S  STOP
(S (NP (NP Fannie Mae )NP , (NP a (ADJP federally chartered )ADJP , *UNKED corporation )NP , )NP (VP operates (NP (NP a secondary market )NP (PP for (NP mortgage loans )NP )PP )NP , (S (VP (VP buying (NP loans )NP (PP from (NP lenders )NP )PP )VP , (VP packaging (NP some )NP (PP into (NP securities )NP )PP (PP for (NP (NP sale )NP (PP to (NP investors )NP )PP )NP )PP )VP and (VP keeping (NP the rest )NP (PP in (NP its portfolio )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP `` (NP The New *UNKC )NP '' (PP by (NP (NP *UNKC *UNKC *UNKC )NP and (NP Barry J. *UNKC )NP )NP )PP (PRN -LRB- (NP Little , Brown )NP , (NP *UNKN pages )NP , (NP $ *UNKN )NP -RRB- )PRN , )NP (VP describes (NP (NP the *UNKING )NP (PP of (NP the old `` our crowd '' Jewish Wall Street banking *UNK )NP )PP (PP by (NP (NP such new business *UNK )NP (PP as (NP (NP *UNKC Steinberg )NP , (NP Carl Icahn )NP , (NP Sanford *UNKC )NP and (NP Bruce *UNKC )NP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Its many *UNKLY stories )NP (VP include (NP the *UNKC holiday *UNK *UNK )NP )VP . )S  STOP
(S (NP These two New *UNKC families )NP (VP lived (PP in (NP the same apartment building )NP )PP , (SBAR with (S (NP the *UNKC *UNK )NP (VP *UNKED (PP on (NP (NP top )NP (PP of (NP the *UNKC *UNK )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The *UNK *UNK )NP (VP started (ADVP up )ADVP (PP from (NP the *UNKC landing )NP )PP )VP )S , and (S (NP Susan *UNKC )NP (VP used (S (VP to (VP turn (PRT off )PRT (NP its light )NP , (S (VP to (VP give (NP the impression (SBAR that (S (NP there )NP (VP was (NP no higher floor )NP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )VP )S . )S  STOP
(S (ADVP Eventually )ADVP , (NP Mr. *UNKC )NP (VP broke (NP his *UNK )NP (PP in (NP the dark )NP )PP )VP . )S  STOP
(S Then (NP the *UNKC )NP (VP determined (S (VP to (VP put (PRT up )PRT (NP (NP a *UNK- Christmas tree )NP , (VP *UNKING (NP (NP a quarter )NP (PP of (NP a ton )NP )PP )NP )VP , )NP (S (VP to (VP *UNK (NP their holiday guests )NP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (PP For (NP this )NP )PP , (NP a *UNK )NP (VP needed (S (VP to (VP be (VP mounted (PP on (NP (NP the *UNKC ' )NP *UNK )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP The *UNKC )NP (VP did not (VP give (NP permission )NP )VP )VP . )S  STOP
(S But (NP the *UNKC workers )NP (VP went (ADVP ahead )ADVP (ADVP anyway )ADVP , (S (ADVP only )ADVP (VP to (VP be (VP captured `` (ADVP in *UNK )ADVP '' (PP by (NP (NP Joan *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP called (NP the police )NP )VP )S )SBAR )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (SBAR Before (S (NP the *UNKC )NP (ADVP finally )ADVP (VP left (NP this unfriendly environment )NP (PP for (NP (NP (NP a *UNK *UNK )NP (PP on (NP Fifth Avenue )NP )PP )NP and (NP (NP an *UNK- *UNK )NP (PP with (NP a (ADJP specially *UNKED )ADJP (ADJP (QP $ 1 million )QP )ADJP *UNK )NP )PP (PP in (NP Paris )NP )PP )NP )NP )PP )VP )S )SBAR , (NP the *UNKC )NP (VP had (VP obtained (NP (NP an injunction )NP (SBAR (S (VP to (VP prevent (NP (NP any future *UNKING )NP (PP of (NP trees )NP )PP )NP )VP )VP )S )SBAR )NP )VP , and (VP (PP in (NP a *UNKLY spirit )NP )PP hit (NP both (NP the *UNKC )NP and (NP the building )NP )NP (PP with (NP a (ADJP (QP $ 35 million )QP )ADJP lawsuit )NP )PP )VP )VP . )S  STOP
(S (NP Nothing less )NP (PRN , (S (NP it )NP (VP seemed )VP )S , )PRN (VP could (VP *UNK (NP them )NP (PP for (NP their *UNK )NP )PP )VP )VP . )S  STOP
(SBARQ (WHNP Where )WHNP (SQ had (NP all the money )NP (VP come (PP from )PP )VP )SQ ? )SBARQ  STOP
(S (NP The young John *UNKC )NP (VP had (VP been (VP (VP discovered (PP by (NP (NP *UNKLY Salomon )NP (PP of (NP Salomon Bros. )NP )PP )NP )PP (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP was (ADVP still )ADVP (NP a *UNKED liberal )NP )VP )S )SBAR )VP , and (VP put (S (VP to (VP work (PP (PP as (NP a trader )NP )PP , and then (PP as (NP a *UNK- *UNK )NP )PP )PP )VP )VP )S )VP )VP )VP )VP . )S  STOP
(S `` (S ` (S (VP Get (PP off (NP your )NP )PP )VP ... )S , ' (NP he )NP (VP would (VP *UNK )VP )VP )S , '' (VP say )VP (NP the authors )NP . )S  STOP
(S (S (VP *UNKING (PP in (NP the firm )NP )PP )VP )S , (NP he )NP (VP became (ADJP powerful and *UNK )ADJP , (SBAR though (S (NP (NP his new wife )NP , (NP Susan )NP , )NP (VP made (S (NP him )NP (VP *UNK (PP in (NP the *UNK columns )NP )PP (PP with (NP (NP her *UNK spending habits )NP and (NP *UNK *UNK )NP )NP )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (SBAR After (S (NP he )NP (VP had (VP been (NP (NP head )NP (PP of (NP the company )NP )PP )NP (PP for (NP 3 1\/2 years )NP )PP )VP )VP )S )SBAR , (NP (NP he )NP and (NP his partners )NP )NP (VP sold (NP it )NP (PP to (NP (NP *UNKC )NP , (NP a powerful commodity trading *UNK )NP , )NP )PP (PP for (NP (NP (QP $ 550 million )QP )NP (PP in (NP *UNKC stock )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Limited partner *UNKLY Salomon )NP , (SBAR (SBAR (WHNP whose family name )WHNP (S (VP had (VP been (PP on (NP (NP the firm 's )NP door )NP )PP (PP for (NP 70 years )NP )PP )VP )VP )S )SBAR and (SBAR (WHNP who )WHNP (S (VP had (VP hoped (SBAR (S (NP it )NP (VP would (VP be (ADVP there )ADVP (ADVP forever )ADVP )VP )VP )S )SBAR )VP )VP )S )SBAR )SBAR , )NP (VP was not (VP *UNKED )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP collected (NP (QP $ 32 million )QP )NP , (SBAR while (S (NP *UNKLY Salomon )NP (VP got (NP (NP (QP $ 10 million )QP )NP , (ADJP (ADJP much less )ADJP (PP than (SBAR if (S (NP he )NP (VP had (VP conducted (NP the sale )NP )VP )VP )S )SBAR )PP )ADJP )NP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP I )NP (VP felt (ADJP *UNKED )ADJP )VP )S , '' (NP he )NP (ADVP later )ADVP (VP said )VP . )S  STOP
(S (ADVP *UNKC )ADVP , (NP (NP Salomon 's )NP timing )NP (VP had (VP been (ADVP off )ADVP )VP )VP . )S  STOP
(S (S (NP Its profits )NP , (PP unlike (NP *UNKC 's )NP )PP , (VP soared (PP over (NP the next two years )NP )PP )VP )S , and (S (SBAR (SINV had (NP it )NP (VP held (PRT out )PRT )VP )SINV )SBAR , (NP Salomon )NP (VP could (VP have (VP gotten (NP an (ADJP even bigger )ADJP *UNK )NP )VP )VP )VP )S . )S  STOP
(S (NP The book )NP (ADVP also )ADVP (VP *UNK (NP (NP the (ADJP not *UNK )ADJP *UNK )NP (VP surrounding (NP (NP the changing )NP (PP of (NP the guard )NP )PP (PP at (NP (NP Lehman Bros. )NP and (NP other grand old firms )NP )NP )PP )NP )VP )NP )VP . )S  STOP
(S (S (ADVP *UNKC )ADVP (NP the (ADJP *UNK , conservative , *UNKED )ADJP investment bankers )NP (VP were (VP *UNKED (PP by (NP crude traders )NP )PP )VP )VP )S : (S `` (S (SBAR (WHADVP When )WHADVP (S (VP angered )VP )S )SBAR , (NP he )NP (VP *UNKED (ADVP (ADVP so *UNKLY )ADVP (SBAR that (S (S (NP his face )NP (VP *UNKED )VP )S and (S (NP his *UNK- eyes )NP (VP narrowed (PP into (NP tiny *UNK )NP )PP )VP )S )S )SBAR )ADVP )VP )S , '' (NP the authors )NP (VP say (PP of (NP (NP Lehman 's )NP Lewis *UNKC )NP )PP )VP )S . )S  STOP
(S (NP (NP (NP The earlier generation )NP (PP of (NP `` our crowd '' bankers )NP )PP )NP -- (NP *UNKC , *UNKC , *UNKC , *UNKC and *UNKC )NP -- )NP (VP had (VP stressed (PP above (NP all )NP )PP (NP *UNK , tradition , *UNK and reputation )NP )VP )VP . )S  STOP
(S (NP They )NP (VP were (NP (NP *UNKED *UNK *UNK )NP , (SBAR (WHNP who )WHNP (S (VP happened (S (VP to (VP be (PP of (NP German Jewish *UNK )NP )PP )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S But (PP in (NP (NP the *UNK world )NP (PP of (NP (NP today 's )NP Wall Street )NP )PP )NP )PP (NP they )NP (VP have (VP lost (PRT out )PRT (PP to (NP (ADJP (ADJP more aggressive )ADJP and (ADJP sometimes less *UNK )ADJP )ADJP *UNK )NP )PP )VP )VP . )S  STOP
(S (NP The *UNK )NP (VP (VP *UNK (NP (NP the *UNK )NP (PP of (NP other *UNK )NP )PP )NP )VP and (VP *UNK (PRT out )PRT (NP their eggs )NP )VP )VP . )S  STOP
(S (S But (NP the old guard )NP (VP hired (NP the New *UNKC people )NP )VP )S : (S (NP It )NP (VP brought (ADVP in )ADVP (NP its own *UNK )NP )VP )S . )S  STOP
(S So , (SBAR as (S (NP the Old *UNKC )NP (VP *UNKED (PP from (NP the branch )NP )PP )VP )S )SBAR , (NP it )NP (VP should n't (VP have (VP been (ADJP too surprised )ADJP )VP )VP )VP . )S  STOP
(S (NP The old guard )NP (VP had (NP every right )NP , (ADVP however )ADVP , (S (VP to (VP *UNK (NP (NP (NP the newcomers ' )NP new ways )NP (PP of (S (VP making (NP money )NP )VP )S )PP , (PP such as (NP *UNK )NP )PP )NP )VP )VP )S )VP . )S  STOP
(PRN -LRB- (S (NP (NP A *UNKC article )NP (PP on (NP Saul Steinberg )NP )PP )NP (VP was (VP entitled (S , `` (NP (NP *UNKC and *UNKING )NP (PP in (NP the Corporate *UNKC )NP )PP )NP )S )VP )VP . '' )S -RRB- )PRN  STOP
(S (NP Their other *UNK )NP (VP has (VP been (NP (NP corporate takeovers )NP , (UCP (ADJP often hostile )ADJP and (VP financed (PP by (NP junk bonds )NP )PP )VP )UCP )NP )VP )VP . )S  STOP
(S (NP *UNKC takeovers )NP (VP are (NP quite a new phenomenon )NP )VP . )S  STOP
(S (S (ADVP Sometimes )ADVP (NP they )NP (VP are (ADJP *UNK )ADJP )VP )S , but (FRAG (ADVP often )ADVP not )FRAG . )S  STOP
(S (ADVP First )ADVP , (PP by (S (VP making (S (NP management )NP (VP focus (PP on (NP short-term results )NP )PP )VP )S )VP )S )PP , (NP they )NP (VP *UNK (S (VP building (PP for (NP the future )NP )PP )VP )S -- (NP (NP just the opposite )NP (PP of (NP Japan )NP )PP )NP )VP . )S  STOP
(S (ADVP Second )ADVP , (S (NP (NP a long-term shareholder )NP (PP of (NP a good company )NP )PP )NP (VP need n't (VP worry (ADVP too much )ADVP (SBAR (WHADVP when )WHADVP (S (NP the stock price )NP (VP drops (ADVP temporarily )ADVP )VP )S )SBAR )VP )VP )S : (S (NP It )NP (VP will (VP bounce (ADVP back )ADVP )VP )VP )S . )S  STOP
(S But (SBAR if (S (NP a raider )NP (VP takes (PRT over )PRT (SBAR (WHADVP when )WHADVP (S (NP the stock )NP (VP is (ADJP weak )ADJP )VP )S )SBAR )VP )S )SBAR , (NP the shareholder )NP (ADVP never )ADVP (VP gets (NP his recovery )NP )VP . )S  STOP
(S (NP The raiders )NP , (ADVP meanwhile )ADVP , (VP have (VP *UNKED (NP (NP their own pattern )NP (PP for (S (VP spending (NP their new millions )NP )VP )S )PP )NP )VP )VP . )S  STOP
(S (SBAR As (S (VP described (PP in `` (NP The New *UNKC )NP )PP )VP )S )SBAR , '' (NP they )NP (VP (VP take (PRT on )PRT (NP ambitious new *UNK )NP )VP , (VP move (PP to (NP (NP (NP Greenwich )NP , (NP Conn. )NP , )NP or (NP (NP *UNKC )NP , (NP N.Y. )NP )NP )NP )PP )VP , (VP buy (NP OK pictures )NP )VP , and (VP let (S (NP their wives )NP (VP share (NP the wealth )NP (PP with (NP *UNK )NP )PP )VP )S )VP )VP . )S  STOP
(S (S (VP Having (VP donated (ADVP heavily )ADVP (PP to (NP *UNK )NP )PP )VP )VP )S , (NP they )NP (VP demand (NP (NP a place )NP (PP on (NP their boards )NP )PP )NP )VP . )S  STOP
(S (NP The book )NP (VP is (ADJP *UNKING (PP about (NP (NP this (ADJP *UNK *UNK )ADJP struggle )NP (PP for (NP *UNK )NP )PP , (SBAR (WHNP which )WHNP (S (VP has (NP its *UNK aspects )NP )VP )S )SBAR )NP )PP )ADJP )VP . )S  STOP
(S (ADVP However )ADVP , (PP on (NP balance )NP )PP , (NP the charity game )NP (VP helps (NP America )NP )VP . )S  STOP
(S (SBAR If (S (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP have (NP the money )NP )VP )S )SBAR )NP (VP do n't (VP get (ADJP involved (PP with (NP (NP the *UNK )NP and (NP the charities )NP )NP )PP )ADJP )VP )VP )S )SBAR , (ADVP then )ADVP (NP City Hall )NP (VP will (VP do (NP it )NP , (ADVP badly )ADVP )VP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP has (VP been (VP (ADVP *UNKLY )ADVP observed (SBAR that (S (NP (NP the main thing )NP (ADJP wrong (PP with (NP *UNKED money )NP )PP )ADJP )NP (VP is , (SBAR (S (NP *UNK )NP (VP *UNK *UNK (NP (NP enough )NP (PP of (NP it )NP )PP )NP )VP )S )SBAR )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP (NP A handful )NP (PP of (NP the New Crowd operators )NP )PP )NP (VP (VP have (VP *UNKED (NP (NP the line )NP (PP from (NP the *UNK )NP )PP (PP to (NP the illegal )NP )PP )NP )VP )VP , and (VP have (VP ended (PRT up )PRT (UCP (PP in (NP the *UNK )NP )PP or (S (VP paying (NP huge fines )NP )VP )S )UCP )VP )VP )VP : )S  STOP
(NP (NP *UNKC Boesky )NP , (NP Dennis Levine )NP , (NP Martin *UNKC )NP , (NP Victor and Steven *UNKC )NP , and now (NP Michael *UNKC )NP and perhaps (NP *UNKC Helmsley )NP . )NP  STOP
(S (NP (NP The *UNK office )NP (SBAR (WHNP that )WHNP (S (NP Ivan Boesky )NP (VP vacated (PP for (NP a prison cell )NP )PP )VP )S )SBAR )NP (VP had (ADVP previously )ADVP (VP contained (NP (NP commodity operators *UNKC Rich and `` *UNKC '' Green )NP , (NP today )NP (NP (NP *UNK )NP (PP from (NP (NP a potential century )NP (ADVP apiece )ADVP (PP of (NP jail sentences )NP )PP )NP )PP )NP )NP )VP )VP . )S  STOP
(S (NP The Old Crowd )NP (VP is (ADJP deeply concerned (PP by (NP (NP the *UNK )NP (PP from (NP all this )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (ADVP However )ADVP , (NP the phenomenon )NP (VP is (ADJP not specifically Jewish )ADJP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP has (ADVP always )ADVP (VP been (ADJP true )ADJP (SBAR (SBAR that (S (NP (NP those )NP (PP outside (NP the club )NP )PP )NP (VP want (S (VP to (VP climb (ADVP in )ADVP )VP )VP )S )VP )S )SBAR , and (SBAR that (S (NP a few )NP (VP will (VP cut (NP *UNK )NP (PP in (NP the process )NP )PP )VP )VP )S )SBAR )SBAR )VP )VP . )S  STOP
(S (NP Some (ADJP pretty *UNK )ADJP stuff )NP (VP (VP built (NP (NP the *UNK- families ' )NP Fifth Avenue and Newport *UNK )NP )VP and (VP *UNKED (NP (NP (NP their daughters ' )NP *UNK )NP (PP to (NP foreign *UNK )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP Mr. Boesky )NP (VP was (NP a *UNK )NP (PP compared (PP to (NP (NP Jay Gould )NP and (NP Jim *UNKC )NP )NP )PP )PP )VP )S , and (S (NP Commodore *UNKC )NP (VP thought (NP nothing )NP (PP of (S (VP *UNKING (NP judges and legislators )NP )VP )S )PP )VP )S . )S  STOP
(SBARQ So (WHNP who )WHNP (SQ (VP knows )VP )SQ ? )SBARQ  STOP
(S (PP In (NP a generation (QP or two )QP )NP )PP (NP (NP some )NP (PP of (NP the New Crowd )NP )PP )NP (VP may (VP *UNK (NP true *UNK )NP , (S (ADVP perhaps )ADVP (VP to (VP be (VP *UNKED (PP in (NP turn )NP )PP (PP by (NP (NP a later *UNK )NP (PP of (NP unscrupulous *UNK )NP )PP )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S Or (ADVP perhaps )ADVP (NP Wall Street )NP , (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP has (VP suffered (ADVP enough )ADVP )VP )VP )S )SBAR , (VP will (VP (VP realize (SBAR that (S (NP finance )NP (VP is (NP a service industry )NP )VP )S )SBAR )VP , and (VP change (NP its *UNK )NP )VP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (NP (NP president )NP (PP of (NP (NP *UNKC , Smith Investment *UNKC )NP , (NP New York )NP )NP )PP )NP )VP . )S  STOP
(S (NP Dallas investor Harold C. Simmons )NP (VP said (SBAR (S (NP he )NP (VP raised (NP (NP his stake )NP (PP in (NP Lockheed Corp. )NP )PP )NP (PP to (NP *UNKN % )NP )PP (PP from (NP (NP *UNKN % )NP (PP of (NP (NP the aerospace and electronics concern 's )NP common shares )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP a Securities and Exchange Commission filing )NP )PP , (NP Mr. Simmons )NP (VP said (SBAR (S (NP (NP he )NP and (NP (NP companies )NP (SBAR (S (NP he )NP (VP controls )VP )S )SBAR , (NP (NP *UNK Industries Inc. )NP and (NP *UNK *UNKC Inc. )NP )NP , )NP )NP (VP hold (NP (NP *UNKN shares )NP (PP of (NP (NP Lockheed )NP , (PP of (NP (NP *UNKC )NP , (NP Calif )NP )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP include (NP (NP *UNKN shares )NP (VP bought (NP Friday )NP (PP for (NP (NP (QP between $ *UNKN and $ 48 )QP )NP (ADVP each )ADVP )NP )PP )VP )NP )VP . )S  STOP
(S (PP In (NP (NP composite trading )NP (PP on (NP the New York Stock Exchange )NP )PP )NP )PP , (NP Lockheed )NP (VP closed (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP , (ADVP down (NP 12.5 cents )NP )ADVP )VP . )S  STOP
(S (NP Earlier this week )NP , (NP Mr. Simmons )NP (VP *UNKED (PP to (NP (NP published reports )NP (VP *UNKING (NP him )NP (PP as (S (VP saying (SBAR (S (NP he )NP (VP planned (S (VP to (VP sell (NP his Lockheed stake )NP (SBAR because `` (S (NP the defense industry )NP (VP seems (S (VP to (VP be (VP getting (ADJP more uncertain )ADJP )VP )VP )VP )S )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP )S )PP )VP )NP )PP )VP . '' )S  STOP
(S (NP (NP *UNKC Inc. )NP , (NP (NP another )NP (PP of (NP (NP Mr. Simmons ' )NP companies )NP )PP )NP , )NP (VP responded (PP to (NP (NP an article )NP (NP Monday )NP (PP in (NP The Wall Street Journal )NP )PP , (SBAR (WHNP which )WHNP (S (VP credited (NP (NP a story )NP (PP in (NP the Sunday Los Angeles Daily News )NP )PP )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP the articles )NP (VP did n't (VP (ADVP accurately )ADVP reflect (NP (NP *UNKC )NP and (NP (NP (NP its affiliates ' )NP intentions )NP (PP toward (NP Lockheed )NP )PP )NP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Instead )ADVP (PRN , (S (NP *UNKC )NP (VP said )VP )S , )PRN (NP they )NP (VP may (VP increase , decrease or retain (NP their Lockheed holdings )NP , (PP depending (PP on (NP (NP a number )NP (PP of (NP conditions )NP )PP )NP )PP )PP )VP )VP . )S  STOP
(S (S (NP (NP Canada )NP , (SBAR (WHNP which )WHNP (S (VP is (VP preparing (S (VP to (VP speed (PRT up )PRT (NP (NP *UNK cuts )NP (PP with (NP the U.S. )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR , )NP (VP recorded (NP (NP a (ADJP 47 % )ADJP narrowing )NP (PP in (NP (NP its trade surplus )NP (PP with (NP the U.S. )NP )PP )NP )PP )NP (PP in (NP August )NP )PP )VP )S , (NP (NP Statistics Canada )NP , (NP a federal agency )NP , )NP (VP reported )VP . )S  STOP
(S (NP (NP U.S. exports )NP (PP to (NP Canada )NP )PP )NP (VP jumped (NP *UNKN % )NP (PP in (NP August )NP )PP (PP from (NP July )NP )PP (SBAR while (S (NP (NP U.S. imports )NP (PP from (NP Canada )NP )PP )NP (VP rose (X (NP (QP only 2.7 )QP % )NP )X )VP )S )SBAR )VP . )S  STOP
(S (PP As (NP a result )NP )PP , (NP (NP (NP Canada 's )NP trade surplus )NP (PP with (NP the U.S. )NP )PP )NP (VP narrowed (PP to (NP (NP (QP C$ *UNKN million )QP )NP (PRN -LRB- (NP (QP US$ *UNKN million )QP )NP -RRB- )PRN (PP in (NP August )NP )PP )NP )PP (PP from (NP (NP (QP C$ 1.23 billion )QP )NP (PRN -LRB- (NP (QP US$ 1.04 billion )QP )NP -RRB- )PRN )NP (PP in (NP July )NP )PP )PP )VP . )S  STOP
(S (S (NP U.S. exports )NP (VP benefited (PP in (NP August )NP )PP (PP from (NP (NP (NP heavy Canadian spending )NP (PP on (NP new plant and equipment )NP )PP )NP and (NP (NP a pickup )NP (PP in (NP Canadian auto demand )NP )PP )NP )NP )PP )VP )S , (NP Canadian officials )NP (VP said )VP . )S  STOP
(S (NP (NP (NP The U.S. )NP and (NP Canada )NP )NP , (SBAR (WHNP which )WHNP (S (VP do (NP (NP more trade )NP (PP than (NP (NP any other pair )NP (PP of (NP nations )NP )PP )NP )PP )NP )VP )S )SBAR , )NP (VP are (S (VP to (VP meet (NP next month )NP (S (VP to (VP *UNK (NP (NP an *UNK )NP (PP of (NP (NP planned *UNK cuts )NP (PP under (NP the *UNKC free trade agreement )NP )PP )NP )PP )NP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP (NP Industries )NP (PP in (NP both countries )NP )PP )NP (VP have (VP requested (NP (NP a *UNK )NP (PP of (NP (NP *UNK cuts )NP (PP on (NP (NP hundreds )NP (PP of (NP products )NP )PP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP Some tariffs )NP (VP were (VP eliminated (SBAR (WHADVP when )WHADVP (S (NP the trade pact )NP (VP took (NP effect )NP (NP Jan. 1 )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The remainder )NP (VP were (S (VP to (VP be (VP phased (PRT out )PRT (PP in (NP (QP five or 10 )QP annual *UNK )NP )PP , (SBAR with (S (NP all tariffs )NP (VP eliminated (PP by (NP January 1998 )NP )PP )VP )S )SBAR )VP )VP )VP )S )VP . )S  STOP
(S (NP The two countries )NP (VP aim (S (VP to (VP reach (NP (NP an agreement )NP )NP (PP by (NP early December )NP )PP (PP on (NP (NP a package )NP (PP of (NP (NP *UNKED *UNK cuts )NP (SBAR (WHNP that )WHNP (S (VP would (VP take (NP effect )NP (NP early next year )NP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Canadian officials )NP (VP said (SBAR (S (NP the trade pact )NP (VP has (VP *UNKED (NP (NP an export interest )NP (PP among (NP (NP many small Canadian companies )NP (SBAR (WHNP that )WHNP (S (ADVP previously )ADVP (VP had (NP (ADJP little or no )ADJP foreign sales )NP )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP such businessmen )NP )PP , (NP the Canadian government )NP (VP is (VP organizing (NP (NP 55 *UNK )NP (NP this year )NP (PP to (NP (NP U.S. states )NP (VP *UNKING (PP on (NP Canada )NP )PP )VP )NP )PP )NP )VP )VP . )S  STOP
(S (NP The businessmen )NP (VP are (VP (VP introduced (PP to (NP potential agents and distributors )NP )PP )VP and (VP *UNKED (PP in (NP trade procedures )NP )PP )VP )VP )VP . )S  STOP
(S (NP The U.S. Commerce Department )NP (VP is (VP planning (S (VP to (VP try (PRT out )PRT (NP similar trips )NP (PP on (NP U.S. businessmen )NP )PP (PP in (NP coming months )NP )PP (PP under (NP its Canada First ! *UNKC Program )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP in (NP (NP the U.S. *UNK )NP (PP to (NP Canada )NP )PP )NP )PP )NP (VP are (S (VP to (VP be (VP *UNKED (PP by (NP (NP members )NP (PP of (NP (NP (NP the Service *UNKC )NP (PP of (NP *UNKED Executives )NP )PP )NP , (NP a *UNK group )NP , )NP )PP )NP )PP (PP in (S (VP dealing (PP with (NP their export challenges )NP )PP )VP )S )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP The Canadian government )NP (ADVP also )ADVP (VP has (ADVP recently )ADVP (VP opened (NP new trade offices )NP (PP in (NP (NP San Diego )NP ; (NP (NP San *UNKC )NP , (NP Puerto Rico )NP )NP ; (NP Miami )NP ; (NP (NP *UNKC )NP , (NP N.J. )NP )NP , and (NP Denver )NP )NP )PP , (S (VP bringing (NP (NP the total number )NP (PP of (NP such Canadian offices )NP )PP (PP in (NP the U.S. )NP )PP )NP (PP to (NP 27 )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP The U.S. )NP (VP has (NP six trade promotion offices )NP (PP in (NP Canada )NP )PP )VP . )S  STOP
(S (NP (NP Canada 's )NP export effort )NP (VP has (VP been (VP *UNKED (PP (PP by (NP robust home market demand )NP )PP and (PP by (NP (NP an (ADJP 18 % )ADJP appreciation )NP (PP of (NP the Canadian dollar )NP )PP (PP against (NP its U.S. counterpart )NP )PP (PP in (NP the past three years )NP )PP (SBAR (WHNP that )WHNP (S (VP has (VP made (S (NP Canadian goods )NP (ADJP more costly )ADJP (PP in (NP the U.S. )NP )PP )S )VP )VP )S )SBAR )NP )PP )PP )VP )VP )VP . )S  STOP
(S (S (NP (NP (NP Canada 's )NP trade surplus )NP (PP with (NP all countries )NP )PP )NP (VP narrowed (PP to (NP (NP (QP C$ *UNKN million )QP )NP (PP in (NP August )NP )PP )NP )PP (PP from (NP (NP (QP C$ *UNKN million )QP )NP (PP in (NP July )NP )PP )NP )PP )VP )S , (NP Statistics Canada )NP (VP said )VP . )S  STOP
(S (NP Loral Corp. )NP (VP said (SBAR (S (NP it )NP (VP received (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP order )NP )NP (PP from (NP (NP Turkey 's )NP (NAC Ministry (PP of (NP Defense )NP )PP )NAC )NP )PP , (NP (NP the largest contract )NP (SBAR (S (NP the company )NP (ADVP ever )ADVP (VP has (VP received )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Loral )NP (VP will (VP provide (PP to (NP Turkey )NP )PP (NP (NP an electronic *UNK system )NP (PP for (NP (NP its fleet )NP (PP of (NP *UNKC aircraft )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP The system )NP (VP provides (NP *UNK- warning and electronic *UNKING *UNK )NP )VP . )S  STOP
(S (NP The defense electronics maker )NP (VP said (SBAR (S (NP delivery )NP (VP will (VP (VP begin (PP in (NP October 1991 )NP )PP )VP and (VP run (PP through (NP *UNK- )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Loral )NP (VP said (SBAR (S (NP (NP the contract )NP (PP with (NP Turkey )NP )PP )NP (VP will (VP provide (NP opportunities (SBAR for (S (NP Loral )NP (VP to (VP supply (NP that country )NP (PP with (NP other defense systems )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Resources Corp. )NP (VP said (SBAR (S (NP it )NP (VP reached (NP a definitive agreement (S (VP to (VP acquire (NP (NP the Gold Texas Resources Ltd. shares )NP (SBAR (S (NP it )NP (VP does n't (ADVP already )ADVP (VP own )VP )VP )S )SBAR )NP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (PP Under (NP the proposed agreement )NP )PP , (NP Gold Texas holders )NP (VP will (VP receive (NP *UNKN *UNKC shares )NP (PP for (NP (NP each )NP (PP of (NP the (QP 1.1 million )QP Gold Texas shares )NP )PP (VP not owned (PP by (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (ADVP already )ADVP (VP owns (NP 65 % )NP )VP )S )SBAR )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (S (NP The arrangement )NP (VP is (ADJP subject (PP to (NP (NP approval )NP (PP by (NP (NP the Supreme Court )NP (PP of (NP British Columbia province )NP )PP )NP )PP )NP )PP )ADJP )VP )S , (NP *UNKC )NP (VP said )VP . )S  STOP
(S (S (NP Gold Texas )NP (VP is (VP based (PP in (NP (NP Vancouver )NP , (NP British Columbia )NP )NP )PP )VP )VP )S , and (S (NP Crown Resources )NP (VP is (VP based (PP in (NP Denver )NP )PP )VP )VP )S . )S  STOP
(S (NP Both )NP (VP are (NP mining concerns )NP )VP . )S  STOP
(S (NP *UNKC *UNKC Inc. )NP (VP said (SBAR (S (NP its board )NP (VP extended (PP until (NP Feb. 1 )NP )PP (NP (NP the exercise period )NP (PP of (NP (NP (NP Apogee 's )NP existing stock purchase warrants )NP (ADJP outstanding )ADJP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The expiration date )NP (VP had (VP been (NP Nov. 3 )NP )VP )VP . )S  STOP
(S (NP (NP Each )NP (PP of (NP the *UNKN warrants )NP )PP )NP (VP *UNK (S (NP the holders )NP (VP to (VP purchase (NP (NP one share )NP (PP of (NP Apogee common stock )NP )PP )NP (PP for (NP $ 2.25 )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Apogee )NP (VP was (VP quoted (PP in (NP the over-the-counter market )NP )PP (NP yesterday )NP (PP at (NP (NP $ 2 )NP (VP bid )VP )NP )PP )VP )VP . )S  STOP
(S (NP (NAC Bank (PP of (NP New England )NP )PP )NAC Corp. )NP , (S (VP seeking (S (VP to (VP streamline (NP its business )NP )VP )VP )S (PP after (NP (NP a year )NP (PP of (NP (NP weak earnings )NP and (NP mounting loan problems )NP )NP )PP )NP )PP )VP )S , (VP said (SBAR (S (NP it )NP (VP will (VP (VP sell (NP some operations )NP )VP and (VP lay (PRT off )PRT (NP (NP 4 % )NP (PP of (NP its work force )NP )PP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The bank holding company )NP (ADVP also )ADVP (VP reported (SBAR that (S (NP third-quarter profit )NP (VP dropped (NP 41 % )NP , (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 61 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP the year-earlier (QP $ *UNKN million )QP )NP , or (NP (NP $ 1.04 )NP (NP a share )NP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP Among (NP its restructuring measures )NP )PP , (NP the company )NP (VP said (SBAR (S (NP it )NP (VP plans (S (VP (VP to (VP sell (NP (NP 53 )NP (PP of (NP its *UNKN branch offices )NP )PP )NP )VP )VP and (VP to (VP lay (PRT off )PRT (NP 800 employees )NP )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (ADVP *UNKC )ADVP , (NP employment )NP (VP is (VP expected (S (VP to (VP decline (PP to (NP (QP less than *UNKN )QP )NP )PP (PP from (NP (NP the current level )NP (PP of (NP (QP about 18,000 )QP )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Walter *UNKLY )NP , (NP chairman )NP , )NP (VP said (PP in (NP an interview )NP )PP (SBAR that (S (NP the company )NP (VP expects (S (VP to (VP record (NP (NP pretax gains )NP (PP of (NP (QP $ 100 million to $ 125 million )QP )NP )PP (PP from (NP (NP the sale )NP (PP (PP of (NP its leasing operations )NP )PP and (PP of (NP certain financial processing services )NP )PP )PP )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP a prepared statement )NP )PP , (NP the company )NP (VP said (SBAR (S (NP it )NP (VP expects (S (VP to (VP realize (NP those gains )NP (PP before (NP year end )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKING assets )NP (VP continued (S (VP to (VP pile (PRT up )PRT )VP )VP )S (PP in (NP the latest quarter )NP )PP , (S (VP rising (PP to (NP (NP (QP $ 900 million )QP )NP , or (NP (NP *UNKN % )NP (PP of (NP loans and leases )NP )PP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP *UNKN % )NP , )NP (PP at (NP (NP the end )NP (PP of (NP the second quarter )NP )PP )NP )PP )PP )VP )S )VP . )S  STOP
(S (S (NP (NP Some (QP $ 170 million )QP )NP (PP of (NP (NP the (ADJP (QP $ *UNKN million )QP )ADJP increase )NP (PP in (NP nonperforming loans )NP )PP )NP )PP )NP (VP was (ADJP related (PP to (NP real estate )NP )PP )ADJP )VP )S , and (S (NP (NP roughly *UNK- )NP (PP of (NP that )NP )PP )NP (VP was (PP in (NP the troubled New England market )NP )PP )VP )S , (PP according (PP to (NP (NP Richard *UNKC )NP , (NP vice chairman )NP )NP )PP )PP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR that , (S (PP despite (NP (NP continued weakness )NP (PP in (NP (NP the region 's )NP real estate market )NP )PP )NP )PP , (NP (NP Bank )NP (PP of (NP New England )NP )PP )NP (VP expects (S (NP (NP the rate )NP (PP of (NP increase )NP )PP (PP in (NP nonperforming assets )NP )PP )NP (VP to (VP slow (PP in (NP coming quarters )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Connolly )NP (VP noted (SBAR that (S (NP (NP net third-quarter *UNK- )NP , (PP at (NP (QP $ 63 million )QP )NP )PP , )NP (VP improved (ADVP slightly )ADVP (PP from (NP (NP the (QP $ 67 million )QP )NP (PP in (NP the second quarter )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S And (NP he )NP (VP indicated (SBAR that (S (NP more substantial improvement )NP (VP is (VP expected (PP in (NP (NP the next couple )NP (PP of (NP quarters )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP increased (NP its loan loss reserve )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP (PP at (NP (NP the end )NP (PP of (NP the second quarter )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP Total assets )NP (VP slipped (PP to (NP (QP $ *UNKN billion )QP )NP )PP , (PP from (NP (QP $ 32 billion )QP )NP (PP as (PP of (NP June 30 )NP )PP )PP )PP )VP . )S  STOP
(S (PP Among (NP other restructuring measures )NP )PP , (NP the bank )NP (VP said (SBAR (S (NP it )NP (VP will (VP close (NP (NP its loan production offices )NP (PP in (NP (NP Chicago )NP , (NP New York )NP and (NP Philadelphia )NP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The Chicago office )NP (VP figured (ADVP *UNKLY )ADVP (PP in (NP (NP (NP the bank 's )NP problems )NP (NP (NP earlier this year )NP , (SBAR (WHADVP when )WHADVP (S (NP (NP (QP $ 65 million )QP )NP (PP in (NP (NP loans )NP (PP to (NP Chicago businessman William *UNKC )NP )PP )NP )PP )NP (VP went (ADJP sour )ADJP )VP )S )SBAR )NP )NP )PP )VP . )S  STOP
(S (PP In (NP (NP an internal *UNK )NP (PP to (NP employees )NP )PP )NP )PP , (NP Messrs. Connolly and *UNKC )NP (VP described (NP the restructuring )NP (PP as (NP an effort (S (VP to (VP continue (S (VP *UNKING (NP (NP operations )NP (VP assembled (PP during (NP (NP a series )NP (PP of (NP mergers )NP )PP )NP )PP (PP over (NP the past five years )NP )PP )VP )NP )VP )S )VP )VP )S )NP )PP )VP . )S  STOP
(S (S (NP (NP Italy 's )NP wholesale price index )NP (VP (VP rose (NP 0.4 % )NP (PP in (NP August )NP )PP (PP from (NP July )NP )PP )VP and (VP was (ADVP up (NP *UNKN % )NP (PP from (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )VP )VP )S , (NP the state statistical institute )NP (VP reported )VP . )S  STOP
(S (NP The index )NP (VP registered (NP *UNKN )NP (PP in (NP August )NP )PP , (PP compared (PP (PP with (NP (NP *UNKN )NP (PP in (NP July )NP )PP )NP )PP and (PP with (NP (NP *UNKN )NP (PP in (NP August 1988 )NP )PP )NP )PP )PP )PP )VP . )S  STOP
(S (NP (NP The *UNK- rise )NP (PP in (NP August )NP )PP )NP (VP was (ADVP slightly down (PP from (NP (NP the (ADJP 6.4 % )ADJP rate )NP (PP in (NP July )NP )PP )NP )PP )ADVP )VP . )S  STOP
(S (NP The index )NP (VP (VP has (NP (NP a base )NP (PP of (NP 100 )NP )PP (VP set (PP in (NP 1980 )NP )PP )VP )NP )VP and (VP is n't (VP (ADVP seasonally )ADVP adjusted )VP )VP )VP . )S  STOP
(S (NP U.S. steel imports )NP (PP in (NP August )NP )PP (VP fell (NP 14 % )NP (PP from (ADVP (NP a year )NP earlier )ADVP )PP (PP to (NP *UNKN tons )NP )PP , (PP according (PP to (NP the American Iron and Steel Institute )NP )PP )PP )VP . )S  STOP
(S (NP (NP (NP The trade group 's )NP *UNK )NP (PP of (NP Commerce Department data )NP )PP )NP (VP showed (SBAR that (S (NP (NP August imports )NP , (NP (NP the (ADJP second largest )ADJP monthly total )NP (PP of (NP the year )NP )PP )NP , )NP (VP were (UCP (ADVP up (NP 5 % )NP (PP from (NP (NP July 's )NP *UNKN tons )NP )PP )ADVP but (PP below (NP (NP (NP last year 's )NP high )NP (PP of (NP *UNKN tons )NP )PP (PP in (NP June 1988 )NP )PP )NP )PP )UCP )VP )S )SBAR )VP . )S  STOP
(S (NP August imports )NP (VP claimed (NP (NP 18.5 % )NP (PP of (NP the U.S. market )NP )PP )NP , (PP compared (PP with (NP (NP (NP *UNKN % )NP (PP in (NP July )NP )PP )NP and (NP (NP *UNKN % )NP (PP in (NP August 1988 )NP )PP )NP )NP )PP )PP )VP . )S  STOP
(S (NP (NP The latest month 's )NP figures )NP (VP show (SBAR that (S (NP (NP imports )NP (PP of (NP steel )NP )PP (PP from (NP European Community nations )NP )PP )NP (VP fell (PP to (NP *UNKN tons )NP )PP (PP from (NP *UNKN )NP (ADVP (NP a month )NP earlier )ADVP )PP , (SBAR while (S (NP (NP imports )NP (PP from (NP Japan )NP )PP )NP (VP rose (PP to (NP *UNKN tons )NP )PP (PP from (NP *UNKN )NP (PP in (NP July )NP )PP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Imports )NP (PP from (NP Canada )NP )PP )NP (VP rose (PP to (NP *UNKN tons )NP (PP in (NP August )NP )PP )PP (PP from (NP *UNKN )NP (PP in (NP July )NP )PP )PP )VP . )S  STOP
(S (NP (NP The American Institute )NP (PP for (NP *UNKED Steel )NP )PP )NP (VP said (SBAR (S (NP (NP imports )NP (PP for (NP (NP the first eight months )NP (PP of (NP 1989 )NP )PP )NP )PP )NP (VP were (PP below (NP (NP the level )NP (VP allowed (PP by (NP the *UNKC *UNKC *UNKC program )NP )PP )VP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The institute )NP (VP said (SBAR that , (S (PP excluding (NP *UNKED steel products )NP )PP , (NP *UNK- imports )NP (VP represented (NP (NP *UNKN % )NP (PP of (NP consumption )NP )PP )NP , (PP compared (PP with (NP (NP a permitted maximum )NP (PP of (NP 18.5 % )NP )PP )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Japanese machinery makers )NP (VP received (NP (NP orders )NP (VP totaling (NP (NP (QP *UNKN trillion )QP yen )NP (PRN -LRB- (NP (QP $ *UNKN billion )QP )NP -RRB- )PRN )NP )VP )NP (PP in (NP August )NP )PP , (ADVP up (NP 14 % )NP (PP from (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )VP )S , (NP the Economic *UNKING Agency )NP (VP said )VP . )S  STOP
(SINV `` (S (NP (NP Equipment orders )NP (PP on (NP the domestic side )NP )PP )NP (VP were (ADJP particularly strong (PP in (NP shipping and power utilities )NP )PP )ADJP )VP )S , '' (VP said )VP (NP an agency official )NP . )SINV  STOP
(S (NP The latest report )NP (VP compares (PP with (NP (NP a modest (ADJP 9.9 % )ADJP increase )NP (PP in (NP July machinery orders )NP )PP (PP from (ADVP (NP a year )NP earlier )ADVP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP August )NP )PP , (SBAR (ADVP soon )ADVP after (S (NP Wang Laboratories Inc. )NP (VP (VP reported (NP a staggering (ADJP (QP $ *UNKN million )QP )ADJP loss )NP )VP and (VP replaced (NP its president )NP )VP )VP )S )SBAR , (NP two Boston sales representatives )NP (VP sent (NP customers )NP (NP (NP a letter )NP (VP saying : `` (S (NP We )NP (VP (ADVP fully )ADVP expect (SBAR that (S (NP you )NP (VP will (ADVP soon )ADVP (VP be (VP reading (NP (NP stories )NP (PP in (NP the press )NP )PP (VP reporting (NP (NP the ` *UNKING *UNKC )NP (PP at (NP Wang )NP )PP )NP )VP )NP )VP )VP )VP )S )SBAR )VP )S )VP )NP )VP . ' '' )S  STOP
(S (SBAR (SBAR (WHADVP How soon )WHADVP (S (NP Wang )NP (VP will (VP stage (NP a comeback )NP )VP )VP )S )SBAR , or (SBAR if (S (NP it )NP (VP will (VP (ADVP at all )ADVP )VP )VP )S )SBAR , )SBAR (VP are (ADVP still )ADVP (NP (NP matters )NP (PP of (NP debate )NP )PP )NP )VP . )S  STOP
(S But (NP Wang salespeople )NP (VP are (VP trying (S (VP to (VP cope (PP with (NP (NP (NP the biggest challenge )NP (SBAR (S (NP any marketer )NP (VP can (VP face )VP )VP )S )SBAR )NP : (S (VP selling (NP (NP the products )NP (PP of (NP (NP a company )NP (SBAR (WHNP that )WHNP (S (VP is (PP on (NP the *UNK )NP )PP )VP )S )SBAR )NP )PP )NP )VP )S )NP )PP )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (SBAR If (S (S (NP your prospect )NP (VP is (VP feeling (NP risk )NP (NP the whole time )NP )VP )VP )S and (S (NP you )NP (VP 're not (VP feeling (SBAR as if (S (NP you )NP (VP 're (VP backed (PRT up )PRT (PP by (NP a stable company )NP )PP )VP )VP )S )SBAR )VP )VP )S )S )SBAR , (NP you )NP (VP 've (VP lost (NP it )NP (SBAR before (S (NP you )NP (VP 've (VP begun )VP )VP )S )SBAR )VP )VP )S , '' (VP says )VP (NP (NP Mary Ann *UNKC )NP , (NP (NP a (NAC *UNKC , Mass. , )NAC (NX (NX sales *UNK )NX and (NX consultant )NX )NX )NP (SBAR (WHNP who )WHNP (S (VP works (PP with (NP high technology companies )NP )PP )VP )S )SBAR )NP )NP . )SINV  STOP
(S (NP It )NP (VP can (VP happen (PP in (NP any industry )NP )PP )VP )VP . )S  STOP
(S (VP Consider (NP (NP (NP the difficulties )NP (VP faced (PP by (NP *UNKC salespeople )NP )PP (SBAR (WHADVP when )WHADVP (S (NP the car )NP (VP was (VP *UNKED (PP by (NP (NP false charges )NP (PP of (NP sudden *UNK )NP )PP )NP )PP )VP )VP )S )SBAR )VP )NP , or (NP (NP (NP Exxon dealers ' )NP problems )NP (PP in (NP (NP the wake )NP (PP of (NP the *UNKC oil spill )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (PP Like (NP (NP thousands )NP (PP of (NP salespeople )NP )PP (PP before (NP them )NP )PP )NP )PP , (NP Wang 's )NP (VP are (VP finding (NP (NP ways )NP (SBAR (S (VP to (VP combat (NP the bad news )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(SINV `` (S (NP (NP It )NP )NP (VP 's (ADJP very important )ADJP (SBAR that (S (NP we )NP (VP *UNK (NP confidence )NP )VP )S )SBAR , (SBAR even though (S (PP within (NP the family )NP )PP (NP we )NP (VP know (SBAR (S (NP there )NP (VP 's (NP (NP a lot )NP (PP of (NP hard work )NP )PP (ADVP ahead )ADVP )NP )VP )S )SBAR )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP Richard Miller )NP , (NP (NP the (NAC *UNKC , Mass. , )NAC computer concern 's )NP new president )NP , )NP (PP in (NP (NP a video message )NP (PP to (NP salespeople )NP )PP )NP )PP (SBAR (NP a month )NP after (S (NP he )NP (VP took (PRT over )PRT )VP )S )SBAR . )SINV  STOP
(S (NP Wang )NP (VP got (PP into (NP financial trouble )NP )PP (PP because of (NP (NP *UNKED overhead )NP and (NP (ADJP overly optimistic )ADJP sales forecasts )NP )NP )PP )VP . )S  STOP
(S (NP Its *UNK (NX (NX minicomputers )NX and (NX word processors )NX )NX )NP (VP have (VP lost (NP ground )NP (PP to (NP cheaper personal computers )NP )PP )VP )VP . )S  STOP
(S (NP Last year )NP (S (NP it )NP (VP funded (NP its high employment )NP (PP by (NP heavy borrowing )NP )PP )VP )S , and (S (NP it )NP (VP suffered (NP huge losses )NP (SBAR (WHADVP when )WHADVP (S (NP sales )NP (VP (VP turned (ADVP down )ADVP )VP (CONJP instead of )CONJP (VP rising )VP )VP )S )SBAR )VP )S . )S  STOP
(S (SBAR After (S (NP the company )NP (VP reported (NP red ink )NP (PP for (NP the fiscal third quarter )NP )PP )VP )S )SBAR , (NP (NP Wang 's )NP marketing department )NP (VP provided (NP the sales force )NP (NP (NP answers )NP (PP to (NP (NP questions )NP (PP such as (SQ `` (SBARQ (WHADVP How )WHADVP (SQ could (NP you )NP (VP not have (VP known (SBAR (S (NP you )NP (VP were (VP going (S (VP to (VP lose (NP (QP $ 55 million )QP )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP )SQ ? )SBARQ '' and `` (SQ (VP Is )VP (NP Wang )NP (ADVP still )ADVP (NP a viable company )NP ? )SQ )SQ )PP )NP )PP )NP )VP '' )S  STOP
(S (NP *UNKC )NP (VP (VP try (S (VP to (VP push (NP their products )NP )VP )VP )S )VP and (VP avoid (NP (NP discussions )NP (PP of (NP finances )NP )PP )NP )VP )VP . )S  STOP
(SINV (S (S (VP *UNKING (PP to (NP such questions )NP )PP )VP )S (VP is `` (ADJP defensive )ADJP )VP )S , '' (VP says )VP (NP (NP Kenneth *UNKC )NP , (NP (NP Wang 's )NP vice president , marketing )NP )NP . )SINV  STOP
(S `` (NP That )NP (VP 's (ADJP *UNK (PP to (NP (NP the art )NP (PP of (NP selling )NP )PP )NP )PP )ADJP )VP . '' )S  STOP
(S (ADVP Moreover )ADVP , (NP he )NP (VP notes (SBAR that (S (S (VP *UNKING (NP financial results )NP )VP )S `` (VP *UNK (NP a problem )NP (PP for (NP (NP a salesman )NP (SBAR (WHNP who )WHNP (S (VP is n't (ADJP particularly familiar (PP with (NP a balance sheet )NP )PP )ADJP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . '' )S  STOP
(S (PP At (NP one sales strategy meeting )NP )PP , (NP an executive )NP (VP suggested (S (VP ordering (NP salespeople )NP (S (VP to (VP become (NP (NP experts )NP (PP on (NP the annual report )NP )PP )NP )VP )VP )S )VP )S )VP . )S  STOP
(S (S (NP Mr. Miller )NP (VP vetoed (NP that )NP )VP )S : (S `` (S (NP Even I )NP (VP ca n't (VP understand (NP all the *UNK )NP )VP )VP )S , '' (NP he )NP (VP says )VP )S . )S  STOP
(S (ADVP Instead )ADVP (PRN , (S (NP he )NP (VP says )VP )S , )PRN (SBAR if (S (NP the salespeople )NP (VP can (VP get (S (NP the customers )NP (VP to (VP consider (NP (NP Wang 's )NP products )NP (PP on (NP their merits )NP )PP )VP )VP )S )VP )VP )S )SBAR , (NP (NP he )NP or (NP a top financial officer )NP )NP (VP will (VP try (S (VP to (VP *UNK (NP (NP the fears )NP (PP about (NP finances )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP (NP Mike *UNKC )NP , (NP (NP a salesman )NP (PP in (NP (NP Wang 's )NP (NAC Austin , Texas , )NAC office )NP )PP )NP , )NP (VP has (NP a *UNK method )NP )VP )S : `` (S (NP We )NP (VP tell (NP them )NP (SBAR (S (NP (ADJP (QP $ 3 billion )QP )ADJP companies )NP (VP do n't (VP go (ADVP out (PP of (NP business )NP )PP )ADVP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP We )NP (VP tell (NP them )NP (SBAR (S (NP all the major companies )NP (VP are (VP having (NP financial difficulties )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (S (NP *UNKC computer companies )NP (VP are (VP having (NP (NP sales *UNK )NP and (NP earnings declines )NP )NP )VP )VP )S , but (S (NP very few )NP (VP (VP have (VP had (NP (NP losses )NP (ADJP comparable (PP to (NP Wang 's )NP )PP )ADJP )NP )VP )VP or (VP are (VP carrying (NP such a large debt load )NP )VP )VP )VP )S . )S  STOP
(S (NP Mr. Miller )NP (VP says (SBAR that (S (PP after (NP (NP a sharp sales slump )NP (PP in (NP July and August )NP )PP )NP )PP , (NP sales )NP (VP *UNKED (PP in (NP September )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Although (S (NP Wang )NP (VP will (VP report (NP a loss )NP (PP for (NP (NP (NP the first quarter )NP (VP ended (NP Sept. 30 )NP )VP )NP and (NP the full fiscal year )NP )NP )PP )VP )VP )S )SBAR , (NP Mr. Miller )NP (VP says (SBAR (S (NP he )NP (VP expects (SBAR (S (NP the company )NP (VP will (VP return (PP to (NP profitability )NP )PP (PP by (NP the fourth quarter )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Experts )NP (PP on (NP sales technique )NP )PP )NP (VP say (SBAR (S (NP (NP anyone )NP (VP representing (NP a troubled company )NP )VP )NP (VP must (VP walk (NP a fine line )NP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (SBAR If (S (NP a salesman )NP (VP *UNK (NP his credibility )NP (PP in (NP (NP this time )NP (PP of (NP trouble )NP )PP )NP )PP )VP )S )SBAR , (NP it )NP (VP will (VP be (NP a problem )NP (PP for (NP the long run )NP )PP )VP )VP )S , '' (VP says )VP (NP (NP George *UNKC )NP , (NP (NP a (NAC *UNKC , Nev. , )NAC sales consultant )NP and (NP (NP author )NP (PP of `` (NP The Marketing *UNKC )NP )PP )NP )NP )NP . '' )SINV  STOP
(S (ADVP Still )ADVP (PRN , (SINV (VP says )VP (NP (NP John Sullivan )NP , (NP (NP a management *UNK )NP (PP with (NP (NP Daniel Roberts Inc. )NP (PP of (NP Boston )NP )PP )NP )PP , (SBAR (WHNP who )WHNP (S (VP has (VP held (NP (NP senior sales positions )NP (PP at (NP Polaroid and *UNKC )NP )PP )NP )VP )VP )S )SBAR )NP )NP )SINV )PRN : `` (NP The customer )NP (VP will (VP react (PP to (NP strength )NP )PP )VP )VP . )S  STOP
(S (VP *UNKC (NP the present condition )NP )VP . )S  STOP
(S (VP Show (SBAR (S (NP it )NP (VP 's (NP (NP business )NP (PP as (ADJP usual )ADJP )PP )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP That )NP (VP is n't (ADJP easy )ADJP )VP . )S  STOP
(S (NP (NP Wang 's )NP customers )NP (VP are (NP (NP data processing managers )NP (SBAR (WHNP who )WHNP (S (VP want (S (VP to (VP be (ADJP sure (SBAR that (S (NP their suppliers )NP (VP are (NP (NP stable , *UNK companies )NP (SBAR (WHNP that )WHNP (S (VP will (VP be (ADVP around )ADVP (S (VP to (VP (VP fix (NP bugs )NP )VP and (VP upgrade (NP computers )NP )VP )VP )VP )S (PP for (NP (NP years )NP (SBAR (S (VP to (VP come )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )ADJP )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(SINV (S (PP For (NP buyers )NP )PP , `` (NP these )NP (VP are (NP *UNKING decisions )NP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP *UNK (NP (NP a network )NP (PP of (NP Wang computers )NP )PP (PP in (NP (NP the *UNK department )NP (PP at (NP Boston University )NP )PP )NP )PP )NP )VP )S )SBAR )NP . )SINV  STOP
(S (NP The university )NP (VP is (VP considering (S (VP *UNKING (NP (NP a (ADJP $ 250,000 )ADJP system )NP (SBAR (S (VP to (VP store (NP applications )NP (ADVP *UNKLY )ADVP )VP )VP )S )SBAR )NP )VP )S )VP )VP . )S  STOP
(S `` (S (PP Before (NP the (ADJP really bad )ADJP news )NP )PP , (NP we )NP (VP were (VP looking (PP at (NP Wang )NP )PP (ADVP fairly seriously )ADVP )VP )VP )S , '' (NP she )NP (VP says )VP . )S  STOP
(S But `` (NP their present financial condition )NP (VP means (SBAR (S (NP I )NP (VP 'd (VP have (NP a hard time )NP (S (VP convincing (NP (NP the vice president )NP (PP in (NP (NP charge )NP (PP of (NP purchasing )NP )PP )NP )PP )NP )VP )S )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Ms. *UNKC )NP (VP adds : `` (S (PP At (NP some point )NP )PP (NP we )NP (VP 'd (VP have (S (VP to (VP ask , ` (SBARQ (WHADVP How )WHADVP (SQ do (NP we )NP (VP know (SBAR that (S (PP in (NP three years )NP )PP (NP you )NP (VP wo n't (VP be (PP in (NP Chapter 11 )NP )PP )VP )VP )S )SBAR )VP )SQ ? )SBARQ ' )VP )VP )S )VP )VP )S '' )VP )S  STOP
(S (PP During (NP the past year )NP )PP , (NP Wang )NP (VP has (VP (VP developed (NP (NP new products )NP and (NP a new strategy )NP )NP )VP and (VP hired (NP a new president )NP )VP )VP )VP . )S  STOP
(SINV (S (S (NP (NP Wang 's )NP overall product line )NP (VP is `` (ADVP still )ADVP (ADJP (ADJP not as good )ADJP (PP as (NP other *UNK )NP )PP )ADJP )VP )S , but (S (NP they )NP (VP 've (VP come (NP a long way )NP )VP )VP )S )S , '' (VP says )VP (NP (NP Steven *UNKC )NP , (NP (NP a consultant )NP (PP with (NP (NP market researcher *UNKC Group )NP , (NP (NP Stamford )NP , (NP Conn )NP )NP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP They )NP (VP were (PP on (NP (NP the road )NP (PP to (NP recovery )NP )PP )NP )PP (PP in (NP (NP terms )NP (PP of (NP customer attitudes )NP )PP )NP )PP (SBAR until (S (NP this bad quarter )NP (VP happened )VP )S )SBAR )VP . '' )S  STOP
(S (NP The first priority )NP (PP for (NP (NP Wang 's )NP sales force )NP )PP (VP is (S (VP to (VP make (S (ADJP sure )ADJP (SBAR (S (NP it )NP (VP holds (PP on (PP to (NP existing customers )NP )PP )PP )VP )S )SBAR )S )VP )VP )S )VP . )S  STOP
(S (S (NP (NP Wang 's )NP installed base )NP (VP is (NP (NP one )NP (PP of (NP its greatest assets )NP )PP )NP )VP )S , and (S (NP (NP many )NP (PP of (NP those customers )NP )PP )NP (VP remain (ADJP extremely loyal )ADJP )VP )S . )S  STOP
(SINV (S But (SBAR (ADVP even )ADVP before (S (NP (NP Wang 's )NP latest financial troubles )NP (VP surfaced )VP )S )SBAR , (NP some customers )NP `` (VP were (VP trying (S (VP to (VP wall (PRT off )PRT (NP their Wang installations )NP '' (SBAR so (S (NP other departments )NP (VP would n't (VP add (NP Wang )NP )VP )VP )S )SBAR )VP )VP )S )VP )VP )S , (VP says )VP (NP (NP Chris *UNKC )NP , (NP (NP a former Wang marketer )NP (SBAR (WHNP who )WHNP (S (VP is (ADVP now )ADVP (NP (NP a market analyst )NP (PP with (NP (NP *UNKC Group )NP , (NP (NP a market research firm )NP (PP in (NP (NP Stamford )NP , (NP Conn )NP )NP )PP )NP )NP )PP )NP )VP )S )SBAR )NP )NP . )SINV  STOP
(S (NP (NP One Wang salesman )NP (SBAR (WHNP who )WHNP (S (VP left (NP the company )NP (PP in (NP July )NP )PP )VP )S )SBAR )NP (VP recalls (SBAR that (S (S (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP tried (S (VP to (VP sell (NP products )NP (PP to (NP Eastman Kodak )NP )PP )VP )VP )S )VP )S )SBAR , (NP he )NP (VP worked `` (S (VP to (VP *UNK (NP (NP support )NP (PP from (NP internal allies )NP )PP )NP )VP )VP )S )VP )S , '' but `` (S (NP those allies )NP (VP became (ADJP skeptical )ADJP (SBAR as (S (NP they )NP (VP saw (NP the *UNK )NP )VP )S )SBAR )VP )S )S )SBAR )VP . )S  STOP
(S (NP The (ADJP more recent )ADJP losses )NP (VP were (ADJP really devastating )ADJP )VP . '' )S  STOP
(S (NP (NP New customers )NP , (NP (NP (NP the source )NP (PP of (NP higher commissions )NP )PP (PP for (NP salespeople )NP )PP )NP and (NP (NP the key )NP (PP to (NP (NP Wang 's )NP long-term *UNK )NP )PP )NP )NP , )NP (VP are (ADJP even tougher )ADJP )VP . )S  STOP
(S (NP (NP *UNKC Lynch )NP , (NP (NP a former top salesman )NP (PP in (NP (NP Wang 's )NP Boston office )NP )PP )NP , )NP (S (VP referring (PP to (NP (NP Wang 's )NP mainstay computer line )NP )PP )VP , )S (VP says : `` (S (NP You )NP (VP ca n't (VP sell (NP a *UNK )NP (PP to (NP a new customer )NP )PP )VP )VP )S )VP . '' )S  STOP
(S (NP Mr. Lynch )NP (VP left (NP Wang )NP (NP this summer )NP (PP for (NP (NP *UNKC Systems Inc. )NP , (NP a software vendor )NP )NP )PP )VP . )S  STOP
(S (NP The financial problems )NP (VP are (ADJP particularly *UNKING )ADJP (PP for (NP (NP salespeople )NP (VP pushing (NP (NP (NP Wang 's )NP image systems )NP , (SBAR (WHNP which )WHNP (S (VP convert (NP paper forms )NP (PP to (NP electronic documents )NP )PP )VP )S )SBAR )NP )VP )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP say (SBAR that (S (NP (NP Wang 's )NP technology )NP (VP is (PP among (NP (NP the best )NP (ADJP available )ADJP (PP in (NP the image market )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S But (NP salespeople )NP (ADVP often )ADVP (VP found (SBAR that (S (NP (NP news )NP (PP of (NP (NP Wang 's )NP problems )NP )PP )NP (VP *UNKED (NP their sales efforts )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP William *UNKC )NP , (NP (NP a former sales manager )NP (PP in (NP Indianapolis )NP )PP )NP , )NP (VP says (SBAR that (S (NP his office )NP (VP had (VP (ADVP all but )ADVP sold (NP a (ADJP (QP $ 1.5 million )QP )ADJP image system )NP (PP to (NP pharmaceutical maker Eli Lilly & Co )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (SBAR (WHADVP When )WHADVP (S (NP they )NP (VP were (VP making (NP the decision )NP )VP )VP )S )SBAR , (NP all *UNK )NP (VP broke (ADJP loose )ADJP (PP with (NP the finances )NP )PP )VP . '' )S  STOP
(S (NP He )NP (VP says (SBAR (S (NP the Lilly executives )NP (VP told (NP him )NP (SBAR (S (NP they )NP (VP could n't (VP take (NP the risk )NP (PP with (NP Wang )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP say (SBAR (S (NP he )NP (VP does n't (VP blame (NP Lilly )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP *UNKC )NP (VP have (S (VP to (VP rely (PP on (S (NP a supplier )NP `` (ADVP *UNKLY )ADVP (VP *UNKING and replacing (NP the product )NP )VP )S )PP )VP )VP )S )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (SBAR (WHADVP When )WHADVP (S (NP a company )NP (VP *UNK (NP that )NP )VP )S )SBAR , (NP (NP it )NP )NP (VP 's (ADJP hard )ADJP (S (VP to (VP go (PP with (NP Wang )NP )PP )VP )VP )S )VP . '' )S  STOP
(S (PP For (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP says (SBAR (S (NP he )NP (VP used (S (VP to (VP earn (NP (NP as much )NP (PP as (NP (NP $ 150,000 )NP (NP a year )NP )NP )PP )NP (PP at (NP Wang )NP )PP )VP )VP )S )VP )S )SBAR )VP )S )SBAR )NP )PP , (NP it )NP (VP was (NP (NP one more reason )NP (SBAR (S (VP to (VP quit )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP He )NP (VP is (ADVP now )ADVP (NP (NP president )NP (PP of (NP (NP *UNKC *UNKC Inc. )NP , (NP an Indianapolis contractor )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP can (VP be (ADJP hard )ADJP (SBAR for (S (NP a *UNK )NP (VP to (VP fight (PRT off )PRT (NP (NP feelings )NP (PP of (NP *UNK )NP )PP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Brian *UNKC )NP , (NP (NP a former Wang salesman )NP (PP in (NP *UNK New York )NP )PP )NP , )NP (VP says : `` (S (NP You )NP (VP have (NP (NP pride )NP (PP in (NP your job )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP You )NP (VP think (SBAR (S (NP you )NP (VP can (VP (VP go (ADVP out )ADVP )VP and (VP turn (NP things )NP (ADVP around )ADVP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP It )NP )NP (VP 's (NP a tough thing )NP (SBAR (WHADVP when )WHADVP (S (NP you )NP (VP ca n't )VP )S )SBAR )VP . )S  STOP
(S (NP The reason )NP (VP does n't (VP *UNK (PP to (NP your selling skills )NP )PP )VP )VP . '' )S  STOP
(S (NP *UNKC )NP (VP *UNK (PP on (NP itself )NP )PP )VP . )S  STOP
(SINV `` (S (NP The problem )NP (VP is , (S (SBAR if (S (NP people )NP (VP get (ADVP down (PP in (NP the *UNK )NP )PP )ADVP )VP )S )SBAR , (NP they )NP (VP stop (S (VP selling )VP )S )VP )S )VP )S , '' (VP says )VP (NP (NP Mike *UNKC )NP , (NP (NP a *UNK- sales manager )NP (PP in (NP (NP Wang 's )NP Austin office )NP )PP )NP )NP . )SINV  STOP
(S (NP One key )NP (PP for (NP salespeople )NP )PP (VP is (S (VP to (VP boost (NP their own *UNK )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP Paul *UNKC )NP , (NP (NP a (NAC *UNKC , Mass. , )NAC sales and management consultant )NP and (NP (NP author )NP (PP of `` (S (S (ADJP *UNKC )ADJP )S , (S (VP *UNKC )VP )S , (S (NP You )NP (VP 're (VP *UNKED )VP )VP )S )S )PP )NP )NP , '' )NP (VP says : `` (S (NP The bad news )NP (VP is , (S (NP you )NP (VP 'll (VP be (VP rejected (ADVP more )ADVP )VP )VP )VP )S )VP )S )VP . )S  STOP
(S (NP The good news )NP (VP is , (S (NP it )NP (VP 's not (NP your fault )NP )VP )S )VP . '' )S  STOP
(S So (PRN , (S (NP he )NP (VP advises )VP )S , )PRN (VP make (S (NP goals )NP (ADJP *UNK )ADJP )S )VP . )S  STOP
(S (PP For (NP instance )NP )PP , (NP he )NP (VP suggests (SBAR that (S (NP (NP salespeople )NP (VP making (NP telephone calls )NP )VP )NP (VP should (VP say (PP to (NP themselves )NP )PP : `` (S (NP (NP All )NP (SBAR (S (NP I )NP (VP want (S (VP to (VP do )VP )VP )S (NP today )NP )VP )S )SBAR )NP (VP is (VP get (NP 50 *UNK )NP )VP )VP )S )VP )VP )S )SBAR )VP . '' )S  STOP
(S But (NP (NP Mr. Miller )NP , (NP (NP Wang 's )NP new president )NP , )NP (ADVP recently )ADVP (VP warned (NP his salespeople )NP (PP about (NP *UNK )NP )PP )VP . )S  STOP
(S `` (S (NP Our customers )NP (VP watch (NP us )NP (PP for (NP the hidden message )NP )PP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S `` (VP (VP *UNKC (NP a customer )NP (PP (ADVP right )ADVP in (NP the eye )NP )PP )VP and (VP say , ` (S (NP I )NP (VP 'm (ADJP *UNK (S (VP to (VP be (PP at (NP Wang )NP )PP )VP )VP )S )ADJP )VP )S )VP )VP . )S  STOP
(S (NP (NP *UNKC International Enterprises Inc. )NP , (NP (NP the parent )NP (PP of (NP *UNKED *UNK- *UNKC , Robinson & Co. )NP )PP )NP , )NP (VP said (SBAR (S (NP its shareholders )NP (VP approved (NP (NP a (ADJP previously announced )ADJP name change )NP (PP to (NP *UNKC Enterprises Inc )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP The parent company )NP (VP is (VP diversifying (PP into (NP (NP other industries )NP (ADVP around (NP the world )NP )ADVP )NP )PP )VP )VP )S , '' (VP said )VP (NP president *UNKC *UNKC )NP (PP in (S (VP explaining (NP the name change )NP )VP )S )PP . )SINV  STOP
(S `` (NP (NP *UNKC )NP (SBAR (S (NP we )NP (VP talked (PP about (NP *UNKC International )NP )PP )VP )S )SBAR )NP , (NP (PRN -LCB- people -RCB- )PRN )NP (VP thought (SBAR (S (NP it )NP (VP was (NP the brokerage house )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP the change )NP (VP was n't (ADJP related (PP to (NP (NP (NP the brokerage 's )NP recent troubles )NP , (SBAR (WHNP which )WHNP (S (VP have (VP included (NP (NP (NP sharp declines )NP (PP in (NP earnings )NP )PP )NP , (NP (NP *UNK- )NP (PP with (NP the securities regulators )NP )PP )NP and (NP (NP lawsuits )NP (PP by (NP former customers )NP )PP )NP )NP )VP )VP )S )SBAR )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP it )NP (VP expects (S (NP the name change )NP (VP to (VP take (NP effect )NP (PP within (NP a week )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Corp. )NP (VP said (SBAR (S (NP third-quarter net income )NP (VP rose (NP 26 % )NP (PP on (NP (NP the strength )NP (PP of (NP its chemical business )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Net )NP (VP was (NP (NP (QP $ 24 million )QP )NP , or (NP (NP $ 1.15 )NP (NP a share )NP )NP , )NP (ADVP up (PP from (NP (NP (QP $ 19 million )QP )NP , or (NP (NP 90 cents )NP (NP a share )NP )NP , )NP (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )VP . )S  STOP
(S (NP Sales )NP (VP rose (NP 7.4 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP its chemical segment )NP (VP had (NP (NP profit )NP (PP of (NP (QP $ 22 million )QP )NP )PP )NP , (ADVP up (PP from (NP (QP $ 15 million )QP )NP (ADVP (NP a year )NP ago )ADVP )PP )ADVP , (PP (ADVP largely )ADVP because of (NP (NP gains )NP (PP in (NP (NP *UNK )NP (PP such as (NP *UNK *UNK )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP the gains )NP (VP were (VP tied (PP to (NP (NP volume increases )NP and (NP higher prices )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The market )NP (PP for (NP *UNK )NP )PP )NP (VP include (NP the paper , *UNK- and textile industries )NP )VP . )S  STOP
(S (NP The chemical segment )NP (VP had (NP (NP a (ADJP (QP $ 6 million )QP )ADJP gain )NP (PP on (NP (NP the sale )NP (PP of (NP *UNK and *UNK businesses )NP )PP )NP )PP , (SBAR (WHNP which )WHNP (S (VP was (VP offset (PP by (NP (NP a (ADJP (QP $ 6 million )QP )ADJP charge )NP (PP for (NP future environmental expenditures )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Profit )NP (PP in (NP (NP *UNKC 's )NP defense and *UNK segment )NP )PP )NP (VP rose (PP to (NP (QP $ 8 million )QP )NP )PP (PP from (NP (QP $ 7 million )QP )NP )PP )VP . )S  STOP
(S (NP (NP The metals segment )NP , (VP hurt (PP by (NP a strike )NP )PP )VP , )NP (VP had (NP *UNK- results )NP , (PP against (NP (NP (QP $ 3 million )QP )NP (ADVP (NP a year )NP ago )ADVP )NP )PP )VP . )S  STOP
(S (PP In (NP the first nine months )NP )PP , (NP net )NP (VP rose (NP 21 % )NP (PP to (NP (NP (QP $ 93 million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ 77 million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP (ADVP (NP a year )NP ago )ADVP )PP )VP . )S  STOP
(S (NP Sales )NP (VP rose (NP 13 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP , (NP *UNKC )NP (VP closed (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP , (ADVP down (NP 25 cents )NP )ADVP )VP . )S  STOP
(S (NP (NP GTE Corp. )NP and (NP MCI Communications Corp. )NP )NP (VP reported (NP (NP strong earnings gains )NP (PP to (NP record levels )NP )PP )NP (PP for (NP the third quarter )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC Bell Corp. )NP and (NP Cincinnati Bell )NP )NP (VP posted (NP slight declines )NP )VP . )S  STOP
(NP GTE Corp . )NP  STOP
(S (NP GTE )NP (VP said (SBAR (S (NP net income )NP (VP rose (NP 18 % )NP , (S (VP aided (PP by (NP (NP higher long-distance calling volumes )NP and (NP (NP an increase )NP (PP in (NP (NP telephone lines )NP (PP in (NP service )NP )PP )NP )PP )NP )NP )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Pretax operating profit )NP (PP from (NP telephone operations )NP )PP )NP (VP rose (NP 8.2 % )NP )VP )S but (S (NP (NP profits )NP (PP from (NP (NP telecommunications products )NP and (NP electrical products )NP )NP )PP )NP (VP were (ADJP flat )ADJP )VP )S . )S  STOP
(S (NP *UNKC )NP (VP rose (NP 8.8 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP the quarter )NP (VP included (NP (NP (NP a (ADJP 10 % )ADJP increase )NP (PP in (NP (NP *UNK- usage )NP (PP for (NP long-distance calling )NP )PP )NP )PP )NP and (NP (NP a (ADJP 5 % )ADJP increase )NP (PP in (NP (NP the number )NP (PP of (NP (NP access lines )NP (PP in (NP service )NP )PP )NP )PP )NP )PP )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Earlier rate reductions )NP (PP in (NP Texas and California )NP )PP )NP (VP reduced (NP (NP the quarter 's )NP (NX (NX revenue )NX and (NX operating profit )NX )NX )NP (NP (QP $ 55 million )QP )NP )VP )S ; (S (ADVP (NP a year )NP earlier )ADVP , (NP (NP operating profit )NP (PP in (NP telephone operations )NP )PP )NP (VP was (VP reduced (PP by (NP a similar amount )NP )PP (PP as (NP (NP a result )NP (PP of (NP (NP a provision )NP (PP for (NP a reorganization )NP )PP )NP )PP )NP )PP )VP )VP )S . )S  STOP
(S (S (NP (NP Revenue )NP (PP in (NP the telecommunications products and services unit )NP )PP )NP (VP rose (NP 27 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP )VP )S , but (S (NP operating profit )NP (VP was (ADJP unchanged )ADJP (PP at (NP $ *UNKN million )NP )PP , (PP (ADVP partly )ADVP because of (NP start-up expenses )NP )PP )VP )S . )S  STOP
(S (NP (NP *UNKC products ' )NP sales )NP (VP fell (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP (SBAR with (S (NP higher world-wide *UNKING volume )NP (VP offset (PP by (NP (NP lower domestic prices )NP and (NP (NP the impact )NP (PP of (NP (NP weaker currencies )NP (PP in (NP (NP Europe )NP and (NP South America )NP )NP )PP )NP )PP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Operating profit )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP (VP was (ADJP unchanged )ADJP )VP . )S  STOP
(S (PP In (NP composite trading )NP )PP (PP on (NP the New York Stock Exchange )NP )PP , (NP GTE )NP (VP rose (NP $ 1.25 )NP (PP to (NP $ *UNKN )NP )PP )VP . )S  STOP
(NP MCI Communications Corp . )NP  STOP
(S (NP (NP MCI )NP , (SBAR (WHNP which )WHNP (S (VP stepped (PRT up )PRT (NP efforts (S (VP to (VP sell (NP long-distance telephone service )NP (PP to (NP residential customers )NP )PP )VP )VP )S )NP )VP )S )SBAR , )NP (VP reported (NP (NP a (ADJP 59 % )ADJP jump )NP (PP in (NP earnings )NP )PP )NP )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP 23 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ 1.36 billion )QP )NP )PP )VP . )S  STOP
(S (NP Operating profit )NP (VP grew (NP 57 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP , (SBAR while (S (NP operating margins )NP (VP rose (PP to (NP *UNKN % )NP )PP (PP from (NP (NP (NP *UNKN % )NP (NP the previous quarter )NP )NP and (NP (NP *UNKN % )NP (ADVP (NP a year )NP ago )ADVP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Daniel *UNKC )NP , (NP MCI chief financial officer )NP , )NP (VP said (SBAR (S (NP the company )NP (VP sees (NP (NP further improvements )NP (PP in (NP operating margins )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP We )NP (VP think (SBAR (S (NP we )NP (VP can (VP take (NP it )NP (PP to (NP the (ADJP 18 % )ADJP range )NP )PP (PP over (NP next (QP 18 to 24 )QP months )NP )PP )VP )VP )S )SBAR )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (PP In (NP national over-the-counter trading )NP )PP , (NP MCI )NP (VP fell (NP $ *UNKN )NP (PP to (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (NP (NP Charles *UNKC )NP , (NP (NP an analyst )NP (PP with (NP Smith Barney , Harris Upham & Co. )NP )PP )NP , )NP (VP said (SBAR (S (NP some investors )NP (ADVP apparently )ADVP (VP expected (NP (ADJP slightly better )ADJP revenue growth )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP (VP said (SBAR that (S (NP residential traffic )NP (VP grew (ADVP (ADVP faster )ADVP (PP than (NP business traffic )NP )PP )ADVP )VP )S )SBAR )VP and (VP attributed (NP that )NP (PP to (NP (NP its new *UNKC calling plan )NP (SBAR (WHNP that )WHNP (S (VP *UNK (PP with (NP (NP American Telephone & Telegraph 's )NP *UNKC Out America plan )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP MCI )NP (VP claims (NP (NP (NP (QP about 12 )QP % )NP (PP of (NP the overall long-distance telephone market )NP )PP )NP but (NP (NP (QP just under 10 )QP % )NP (PP of (NP the (ADJP (QP $ 23 billion )QP )ADJP residential market )NP )PP )NP )NP )VP . )S  STOP
(S (NP It )NP (VP has (VP been (VP trying (S (VP to (VP improve (NP (NP its share )NP (PP of (NP the residential market )NP )PP )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP The company )NP (VP wants (S (NP its business mix )NP (VP to (VP (ADVP more closely )ADVP match (NP (NP that )NP (PP of (NP AT&T )NP )PP )NP -- (NP (NP a step )NP (SBAR (S (NP it )NP (VP says (SBAR (S (VP will (VP help (S (VP prevent (NP cross *UNK )NP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP (VP said (SBAR (S (NP MCI )NP (VP recorded (NP `` (NP another solid (ADJP cash positive )ADJP quarter )NP , '' (NP (NP its fourth )NP (PP in (NP a row )NP )PP )NP )NP )VP )S )SBAR )VP , but (VP declined (S (VP to (VP comment (PP on (SBAR whether (S (NP the company )NP (VP (VP is (VP considering (NP a dividend )NP )VP )VP or (VP is (VP planning (NP any acquisition )NP )VP )VP )VP )S )SBAR )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP The current quarter )NP (PRN , (S (NP he )NP (VP said )VP )S , )PRN `` (VP looks (ADJP fine )ADJP )VP . )S  STOP
(S (NP We )NP (VP think (SBAR (SBAR (S (NP revenue )NP (VP will (VP continue (S (VP to (VP grow )VP )VP )S )VP )VP )S )SBAR and (SBAR that (S (NP we )NP (VP can (VP (VP control (NP costs )NP )VP and thus (VP improve (NP profitability )NP )VP )VP )VP )S )SBAR )SBAR )VP . '' )S  STOP
(NP *UNKC Bell Corp . )NP  STOP
(S (NP Southwestern Bell Corp. )NP (VP said (SBAR (S (NP net )NP (VP dropped (NP 8.7 % )NP , (NP (NP mainly the result )NP (PP of (NP (NP four extraordinary items )NP : (NP (NP (NP a franchise tax refund )NP (SBAR (WHNP that )WHNP (S (NP its Southwestern Bell Telephone Co. unit )NP (VP received (NP last year )NP )VP )S )SBAR )NP ; (NP (NP a production shift )NP (PP of (NP several *UNKC *UNKC *UNK )NP )PP (PP to (NP the fourth quarter )NP )PP (PP from (NP the third )NP )PP )NP ; (NP (NP a rate refund )NP (PP in (NP Missouri )NP )PP )NP and (NP (NP a one-time adjustment )NP (PP to (NP phone company revenues )NP )PP )NP )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Revenue )NP (VP slipped (NP 1.2 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP The earnings drop )NP (VP had (VP been (VP expected )VP )VP )VP . )S  STOP
(S (NP Chairman *UNKC E. *UNKC )NP (VP said (SBAR (S (NP (NP Southwestern Bell 's )NP `` businesses )NP (VP (VP are (ADJP healthy )ADJP )VP and (VP are (VP continuing (S (VP to (VP grow )VP )VP )S )VP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP The company )NP (VP (VP reported (NP (NP a (ADJP 3.1 % )ADJP increase )NP (PP in (NP (NP the number )NP (PP of (NP access lines )NP )PP (PP in (NP service )NP )PP )NP )PP )NP )VP , and (ADVP also )ADVP (VP said (SBAR (S (NP its Southwestern Bell *UNKC Systems unit )NP (VP added (NP 30,000 new customers )NP , (PP with (NP (NP a current total )NP (PP of (NP about *UNKN )NP )PP )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Southwestern shares )NP (VP fell (NP 50 cents )NP (PP to (NP $ *UNKN )NP )PP (PP in (NP composite trading )NP )PP (PP on (NP the New York Stock Exchange )NP )PP )VP . )S  STOP
(NP Cincinnati Bell Inc . )NP  STOP
(S (NP Cincinnati Bell Inc. )NP (VP said (SBAR (S (NP net )NP (VP declined (NP 1.8 % )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP noted (SBAR that (S (NP the year-ago period )NP (VP was (ADJP particularly strong )ADJP , (PP with (NP (NP an increase )NP (PP of (NP (QP nearly 70 )QP % )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Revenue )NP (VP jumped (NP (QP nearly 17 )QP % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (PP In (NP composite trading )NP )PP (PP on (NP the New York Stock Exchange )NP )PP , (NP Cincinnati Bell )NP (VP fell (NP 25 cents )NP (PP to (NP $ 29 )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR that (S (NP (NP the number )NP (PP of (NP access lines )NP )PP )NP (VP dropped (ADVP slightly )ADVP (PP in (NP the quarter )NP )PP , (NP (NP a decline )NP (VP attributed (PP to (NP seasonal fluctuations )NP )PP )VP )NP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP the year )NP )PP , (ADVP however )ADVP , (NP (NP access lines )NP (PP in (NP service )NP )PP )NP (VP have (VP increased (NP 5.5 % )NP )VP )VP . )S  STOP
(S (NP Chairman *UNKC *UNKC )NP (VP said (SBAR (S (NP the company )NP (VP has (VP set (NP (NP a new five year goal )NP (PP of (S (VP doubling (NP revenues )NP (PP to (NP (QP about $ 1.8 billion )QP )NP )PP (SBAR while (S (VP (ADVP steadily )ADVP increasing (NP net )NP )VP )S )SBAR )VP )S )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Rockwell International Corp. 's )NP *UNKC unit )NP (VP said (SBAR (S (NP it )NP (VP signed (NP (NP a tentative agreement )NP (VP extending (NP (NP (NP its contract )NP (PP with (NP Boeing Co. )NP )PP )NP (S (VP to (VP provide (NP (NP structural parts )NP (PP for (NP (NP Boeing 's )NP *UNKN *UNK )NP )PP )NP )VP )VP )S )NP )VP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Rockwell )NP (VP said (SBAR (S (NP the agreement )NP (VP calls (SBAR for (S (NP it )NP (VP to (VP supply (NP 200 additional so-called *UNK )NP (PP for (NP the planes )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP These )NP (VP include , (PP among (NP other parts )NP )PP , (NP (NP (NP each *UNK 's )NP two major *UNK )NP , (NP a pressure floor )NP , (NP *UNK box )NP , (NP (NP fixed leading *UNK )NP (PP for (NP the wings )NP )PP )NP and (NP an *UNK *UNK *UNK )NP )NP )VP . )S  STOP
(S (PP Under (NP the existing contract )NP )PP (PRN , (NP Rockwell )NP (VP said )VP , )PRN (NP it )NP (VP has (ADVP already )ADVP (VP delivered (NP (NP *UNKN )NP (PP of (NP the *UNK )NP )PP )NP (PP to (NP Boeing )NP )PP )VP )VP . )S  STOP
(S (NP (NP Rockwell )NP , (VP based (PP in (NP (NP El *UNKC )NP , (NP Calif. )NP , )NP )PP )VP )NP (VP is (NP an (UCP aerospace , electronics , automotive and graphics )UCP concern )NP )VP . )S  STOP
(S (NP Frank *UNKC III )NP (VP was (VP named (PP to (NP (NP this telecommunications company 's )NP board )NP )PP , (S (VP filling (NP (NP the vacancy )NP (VP created (PP by (NP (NP the death )NP (PP of (NP William *UNKC )NP )PP (NP last May )NP )NP )PP )VP )NP )VP )S )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (ADJP (NP 59 years )NP old )ADJP , )NP (VP served (PP as (NP defense secretary )NP )PP (PP in (NP the Reagan administration )NP )PP )VP . )S  STOP
(S (PP In (NP January )NP )PP , (NP he )NP (VP accepted (NP (NP the position )NP (PP of (NP (NP vice chairman )NP (PP of (NP (NP *UNKC Group )NP , (NP a merchant banking concern )NP )NP )PP )NP )PP )NP )VP . )S  STOP
(NP *UNKC *UNKC *UNKC Inc . )NP  STOP
(S (NP (NP Thomas E. *UNKC )NP , (ADJP (NP 42 years )NP old )ADJP , )NP (VP was (VP named (S (NP (NP (NP president )NP )NP and (NP (NP chief operating officer )NP )NP (PP of (NP (NP *UNKC Co. )NP , (NP (NP a (NAC *UNKC , Ill. , )NAC subsidiary )NP (PP of (NP this New York investment banking firm )NP )PP )NP )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP has (NP (NP interests )NP (PP in (NP real estate )NP )PP )NP )VP )S )SBAR , )NP (VP said (SBAR (S (NP the position )NP (VP is (ADVP newly )ADVP (VP created )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP had (VP been (NP (NP executive vice president )NP (PP of (NP *UNKC )NP )PP )NP )VP )VP . )S  STOP
(S (PP In (NP (NP addition )NP (PP to (NP his previous real-estate investment and *UNK- duties )NP )PP )NP )PP , (NP Mr. *UNKC )NP (VP takes (NP responsibility )NP (PP for (NP (NP development )NP and (NP property management )NP )NP )PP )VP . )S  STOP
(S (NP Those duties )NP (VP had (VP been (VP held (PP by (NP (NP Van *UNKC )NP , (NP 44 )NP , (SBAR (WHNP who )WHNP (S (VP resigned (PP as (NP an executive vice president )NP )PP )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S (NP Shearson )NP (VP is (ADJP about *UNK- (PP by (NP American Express Co )NP )PP )ADJP )VP . )S  STOP
(S (NP Great American Bank )NP , (S (VP citing (NP depressed Arizona real estate prices )NP )VP )S , (VP posted (NP (NP a third-quarter loss )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )NP )VP . )S  STOP
(S (ADVP (NP A year )NP earlier )ADVP , (NP the savings bank )NP (VP had (NP (NP earnings )NP (PP of (NP (NP (QP $ 8.1 million )QP )NP , or (NP (NP 33 cents )NP (NP a share )NP )NP )NP )PP )NP )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP it )NP (VP had (NP (NP a loss )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )NP , (PP after (NP (NP earnings )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ 1.20 )NP (NP a share )NP )NP )NP , (PP in (NP the 1988 period )NP )PP )PP )NP )PP )VP . )S  STOP
(S (NP Great American )NP (VP said (SBAR (S (NP it )NP (VP increased (NP its loan-loss reserves )NP (PP by (NP (QP $ 93 million )QP )NP )PP (PP after (S (VP (VP reviewing (NP its loan portfolio )NP )VP )VP )S )PP , (S (VP raising (NP its total loan and real estate reserves )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP Before (NP the loan-loss addition )NP )PP (PRN , (NP it )NP (VP said )VP )PRN , (NP it )NP (VP had (NP (NP operating profit )NP (PP of (NP (QP $ 10 million )QP )NP )PP )NP (PP for (NP the quarter )NP )PP )VP . )S  STOP
(S (NP The move )NP (VP followed (NP (NP a round )NP (PP of (NP (NP similar increases )NP (PP by (NP other lenders )NP )PP (PP against (NP Arizona real estate loans )NP )PP )NP )PP )NP , (S (VP reflecting (NP (NP a continuing decline )NP (PP in (NP that market )NP )PP )NP )VP )S )VP . )S  STOP
(S (PP In (NP (NP addition )NP (PP to (NP the increased reserve )NP )PP )NP )PP , (NP the savings bank )NP (VP took (NP (NP a special charge )NP (PP of (NP (NP (QP $ 5 million )QP )NP (VP representing (NP (NP general and administrative expenses )NP (PP from (NP (NP staff reductions )NP and (NP other matters )NP )NP )PP )NP )VP )NP )PP )NP )VP , and (S (NP it )NP (VP posted (NP (NP a (ADJP (QP $ 7.6 million )QP )ADJP reduction )NP (PP in (NP expected mortgage *UNKING fees )NP )PP )NP , (S (VP reflecting (NP the fact (SBAR that (S (NP more borrowers )NP (VP are (VP *UNKING (NP their mortgages )NP )VP )VP )S )SBAR )NP )VP )S )VP )S . )S  STOP
(S (NP *UNKC )NP (VP were n't (NP the only big losers )NP (PP in (NP (NP the collapse )NP (PP of (NP UAL Corp. stock )NP )PP )NP )PP )VP . )S  STOP
(S (VP Look (PP at (SBAR (WHNP what )WHNP (S (VP happened (PP to (NP (NP (NP (NP UAL 's )NP chairman )NP , (NP Stephen M. Wolf )NP )NP , and (NP (NP its chief financial officer )NP , (NP John C. *UNKC )NP )NP )NP )PP )VP )S )SBAR )PP )VP . )S  STOP
(S (PP On (NP (NP a day )NP (SBAR (S (S (NP some United Airlines employees )NP (VP wanted (S (NP Mr. Wolf )NP (VP fired )VP )S )VP )S and (S (NP takeover stock speculators )NP (VP wanted (NP his *UNK )NP )VP )S )S )SBAR )NP )PP , (NP Messrs. Wolf and *UNKC )NP (VP saw (S (NP their prospective personal fortunes )NP (VP continue (S (VP to (VP *UNK )VP )VP )S )VP )S (SBAR as (S (NP (NP shares )NP (PP of (NP (NP UAL )NP , (NP (NP United 's )NP parent company )NP , )NP )PP )NP (VP *UNKED (NP $ *UNKN )NP (PP on (NP the Big Board )NP )PP (S (VP to (VP close (PP at (NP $ *UNKN )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP *UNKING (NP (NP Monday 's )NP plunge )NP )PP , (NP that )NP (VP has (VP given (NP the two executives )NP (NP (NP (NP paper losses )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP , (VP based (PP on (SBAR (WHNP what )WHNP (S (NP they )NP (VP would (VP have (VP realized (SBAR (SINV had (NP (NP the pilots and *UNKED buy-out )NP (PP of (NP UAL )NP )PP )NP (VP gone (ADVP through )ADVP (PP at (NP (NP $ 300 )NP (NP a share )NP )NP )PP )VP )SINV )SBAR )VP )VP )VP )S )SBAR )PP )VP )NP )VP )VP . )S  STOP
(SINV (SBAR (WHADVP When )WHADVP (S (NP (NP bank financing )NP (PP for (NP the buy-out )NP )PP )NP (VP collapsed (NP last week )NP )VP )S )SBAR , (ADVP so )ADVP did (NP (NP UAL 's )NP stock )NP . )SINV  STOP
(S (SBAR (ADVP Even )ADVP if (S (NP the banks )NP (VP *UNK (NP a financing package )NP (PP at (NP (NP $ 250 )NP (NP a share )NP )NP )PP )VP )S )SBAR , (NP the two executives )NP (VP would (ADVP still )ADVP (VP get (NP (NP (NP (QP about $ 25 million )QP )NP less )NP (SBAR than (SBAR (S (NP they )NP (VP stood (S (VP to (VP gain (PP in (NP the initial transaction )NP )PP )VP )VP )S )VP )S )SBAR )SBAR )NP )VP )VP . )S  STOP
(S (NP Mr. Wolf )NP (VP (VP owns (NP 75,000 UAL shares )NP )VP and (VP has (NP options (S (VP to (VP buy (NP another 250,000 )NP (PP at (NP (NP $ *UNKN )NP (NP each )NP )NP )PP )VP )VP )S )NP )VP )VP . )S  STOP
(S (PP In (NP the (ADJP $ 300-a-share )ADJP *UNK )NP )PP , (NP that )NP (VP totaled (NP (QP about $ *UNKN million )QP )NP )VP . )S  STOP
(S (PP By (NP (NP (NP yesterday 's )NP close )NP (PP of (NP trading )NP )PP )NP )PP , (NP it )NP (VP was (ADJP good (PP for (NP a *UNK (QP $ *UNKN million )QP )NP )PP )ADJP )VP . )S  STOP
(S (PP Of (NP course )NP )PP , (NP (NP Mr. Wolf )NP , (ADJP (NP 48 years )NP old )ADJP , )NP (VP has (NP some savings )NP )VP . )S  STOP
(S (S (NP He )NP (VP left (NP (NP his last two jobs )NP (PP at (NP (NP Republic Airlines )NP and (NP *UNKING Tiger )NP )NP )PP )NP (PP with (NP (NP combined *UNK- gains )NP (PP of (NP (QP about $ 22 million )QP )NP )PP )NP )PP )VP )S , and (S (NP UAL )NP (VP gave (NP him )NP (NP a (ADJP $ 15 million )ADJP bonus )NP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP hired (NP him )NP )VP )S )SBAR )VP )S . )S  STOP
(S (NP His 1988 salary )NP (VP was (NP (NP $ *UNKN )NP , (PP with (NP a (ADJP $ *UNKN )ADJP bonus )NP )PP )NP )VP . )S  STOP
(S (NP The (ADJP *UNK- old )ADJP Mr. Pope )NP (VP has n't (VP changed (NP jobs )NP (ADVP enough (PRN -- (NP (PP at (ADJP least )ADJP )PP the right ones )NP -- )PRN (S (VP to (VP *UNK (ADVP away )ADVP (NP (NP that kind )NP (PP of (NP money )NP )PP )NP )VP )VP )S )ADVP )VP )VP . )S  STOP
(S (S (NP United )NP (VP paid (NP him )NP (NP a (ADJP $ *UNKN )ADJP bonus )NP (S (VP to (VP lure (NP him )NP (PP away (PP from (NP American Airlines )NP )PP )PP )VP )VP )S )VP )S , and (S (NP he )NP (VP was (VP paid (NP (NP a salary )NP (PP of (NP $ *UNKN )NP )PP )NP (NP last year )NP (PP with (NP a (ADJP $ *UNKN )ADJP bonus )NP )PP )VP )VP )S . )S  STOP
(S (NP Mr. Pope )NP (VP (VP owns (NP 10,000 UAL shares )NP )VP and (VP has (NP options (S (VP to (VP buy (NP another 150,000 )NP (PP at (NP (NP $ 69 )NP (NP each )NP )NP )PP )VP )VP )S )NP )VP )VP . )S  STOP
(S (NP That )NP (VP came (PP to (NP (NP (NP a combined (QP $ *UNKN million )QP )NP (PP under (NP the (ADJP $ 300-a-share )ADJP buy-out )NP )PP )NP , but (NP (NP just (QP $ *UNKN million )QP )NP (PP at (NP (NP yesterday 's )NP close )NP )PP )NP )NP )PP )VP . )S  STOP
(S (PP Of (NP (NP the combined (QP $ *UNKN million )QP )NP (SBAR (S (NP the two men )NP (VP were (VP scheduled (S (VP to (VP *UNK (PP under (NP the buy-out )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )PP , (NP they )NP (VP agreed (S (VP to (VP invest (PP in (NP the buy-out )NP )PP (NP (NP (QP just $ 15 million )QP )NP )NP )VP )VP )S , (S (VP *UNKING (NP (NP many )NP (PP of (NP (NP (NP the thousands )NP (PP of (NP workers )NP )PP )NP (VP asked (S (VP to (VP make (NP pay concessions )NP )VP )VP )S (SBAR so (S (NP the buy-out )NP (VP would (VP be (NP a success )NP )VP )VP )S )SBAR )VP )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP (NP United 's )NP directors )NP (VP voted (NP (NP themselves )NP , and (NP their spouses )NP , )NP (NP (NP (NP (NP lifetime access )NP (PP to (NP the *UNKLY *UNKC )NP )PP )NP (PRN -- (NP free *UNK- travel )NP )PRN )NP , and (NP (NP $ 20,000 )NP (NP a year )NP (PP for (NP life )NP )PP (ADVP as well )ADVP )NP )NP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (PP in (NP a *UNK- buy-out )NP )PP , (NP they )NP (VP could (VP be (VP *UNKED (ADVP back )ADVP (PP to (NP (NP coach seats )NP (PP for (NP life )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP Thomas H. Johnson )NP , (NP (NP president )NP (PP of (NP (NP the *UNKC division )NP (PP of (NP *UNKC Corp. )NP )PP )NP )PP )NP , )NP (VP was (VP named (S (NP (NP (NP president )NP (PP of (NP (NP Manville Forest Products Corp. )NP , (NP a Manville unit )NP )NP )PP )NP , and (NP (NP senior vice president )NP (PP of (NP Manville Corp )NP )PP )NP )NP )S )VP )VP . )S  STOP
(S (NP Mr. Johnson )NP (VP succeeds (NP (NP Harry W. Sherman )NP , (SBAR (WHNP who )WHNP (S (VP resigned (S (VP to (VP pursue (NP other interests )NP )VP )VP )S )VP )S )SBAR , )NP (PP in (NP both positions )NP )PP )VP . )S  STOP
(S (NP Manville )NP (VP is (NP a building and forest products concern )NP )VP . )S  STOP
(S (NP US Facilities Corp. )NP (VP said (SBAR (S (NP Robert J. *UNKC )NP (VP agreed (S (VP to (VP step (ADVP down )ADVP (PP as (NP (NP vice chairman )NP (PP of (NP the insurance holding company )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP There )NP (VP was (NP (NP a difference )NP (PP of (NP opinion )NP )PP (PP as (PP to (NP (NP the future direction )NP (PP of (NP the company )NP )PP )NP )PP )PP )NP )VP )S , '' (NP a spokeswoman )NP (VP said )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP declined (S (VP to (VP comment )VP )VP )S )VP . )S  STOP
(S (PP In (NP a statement )NP )PP , (NP US Facilities )NP (VP said (SBAR (S (NP (NP Mr. *UNKC 's )NP employment contract )NP (VP calls (SBAR for (S (NP him )NP (VP to (VP act (PP as (NP (NP a consultant )NP (PP to (NP the company )NP )PP )NP )PP (PP for (NP two years )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (S (NP He )NP (VP will (ADVP also )ADVP (VP remain (NP a director )NP )VP )VP )S (PRN , (S (NP US Facilities )NP (VP said )VP )S , )PRN but (S (VP wo n't (VP serve (PP on (NP any board committees )NP )PP )VP )VP )S . )S  STOP
(S (NP Mr. *UNKC )NP (VP will (VP be (VP succeeded (PP on (NP an interim basis )NP )PP (PP by (NP (NP George *UNKC )NP , (NP US Facilities chairman and president )NP )NP )PP )VP )VP )VP . )S  STOP
(S (PP In (NP the same statement )NP )PP , (NP US Facilities )NP (ADVP also )ADVP (VP said (SBAR (S (NP it )NP (VP had (VP bought (ADVP back )ADVP (NP (NP *UNKN )NP (PP of (NP its common shares )NP )PP )NP (PP in (NP a private transaction )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Terms )NP (VP were n't (VP disclosed )VP )VP . )S  STOP
(S (NP The buy-back )NP (VP represents (NP (NP (QP about 3 )QP % )NP (PP of (NP (NP the company 's )NP shares )NP )PP )NP )VP , (VP based (PP on (NP (NP the (QP 3.7 million )QP shares )NP (ADJP outstanding (PP as (PP of (NP Sept. 30 )NP )PP )PP )ADJP )NP )PP )VP . )S  STOP
(S (PP In (NP national over-the-counter trading )NP )PP (NP yesterday )NP , (NP US Facilities )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADJP unchanged )ADJP )VP . )S  STOP
(S (NP Three leading drug companies )NP (VP reported (NP (NP robust third-quarter earnings )NP , (VP bolstered (PP by (NP (NP strong sales )NP (PP of (NP (NP newer , *UNKING *UNK drugs )NP (SBAR (WHNP that )WHNP (S (VP provide (NP hefty profit margins )NP )VP )S )SBAR )NP )PP )NP )PP )VP )NP )VP . )S  STOP
(S (S (NP *UNKC & Co. )NP (VP reported (NP (NP a (ADJP 25 % )ADJP increase )NP (PP in (NP earnings )NP )PP )NP )VP )S ; (S (S (NP (NP *UNKC Co. 's )NP profit )NP (VP rose (NP 22 % )NP )VP )S and (S (NP (NP Eli Lilly & Co. 's )NP net income )NP (VP rose (NP 24 % )NP )VP )S )S . )S  STOP
(S (NP The results )NP (VP were (PP in (NP (NP line )NP (PP with (NP (NP analysts ' )NP expectations )NP )PP )NP )PP )VP . )S  STOP
(NP *UNKC & Co . )NP  STOP
(S (NP (NP *UNKC )NP , (NP (NP *UNKC )NP , (NP N.J. )NP )NP , )NP (VP continued (S (VP to (VP lead (NP the industry )NP (PP with (NP (NP a strong sales performance )NP (PP in (NP the human and animal *UNK- segment )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP A stronger U.S. dollar )NP (VP reduced (NP third-quarter and *UNK- sales growth )NP (NP (NP (QP 2 % and 3 % )QP )NP , (ADVP respectively )ADVP )NP )VP . )S  STOP
(S (NP International sales )NP (VP accounted (PP for (NP (NP 47 % )NP (PP of (NP (NP total company sales )NP (PP for (NP the nine months )NP )PP )NP )PP )NP )PP , (PP compared (PP with (NP 50 % )NP (ADVP (NP a year )NP earlier )ADVP )PP )PP )VP . )S  STOP
(S (NP (NP Sales )NP (PP for (NP the quarter )NP )PP )NP (VP rose (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP , (NP (NP Merck 's )NP new *UNKING drug )NP , )NP (VP had (NP (NP higher sales )NP (SBAR than (S (NP any other prescription medicine )NP (VP has (ADVP ever )ADVP (VP achieved (PP in (NP the U.S. )NP )PP (PP in (NP (NP the year )NP (PP following (NP introduction )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP The drug )NP (VP was (VP introduced (PP in (NP West Germany )NP )PP (NP this year )NP )VP )VP . )S  STOP
(S (NP *UNKC competition )NP , (ADVP however )ADVP , (VP led (PP to (NP (NP unit sales declines )NP (PP for (NP (NP (NP a group )NP (PP of (NP (NP Merck 's )NP established human and *UNK- products )NP )PP )NP , (PP including (NP *UNKC and *UNKC )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP (NP yesterday )NP , (NP Merck shares )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP up (NP 50 cents )NP )ADVP )VP . )S  STOP
(NP *UNKC Co . )NP  STOP
(S (NP (NP *UNKC )NP , (NP (NP Morris *UNKC )NP , (NP N.J. )NP , )NP )NP (VP reported (NP (NP sales )NP (SBAR (WHNP that )WHNP (S (VP were (NP (NP (NP a record )NP (PP for (NP any quarter )NP )PP )NP and (NP (NP the *UNK quarter )NP (PP in (NP a row )NP )PP (PP of (NP (QP 20 % or more )QP per-share earnings growth )NP )PP )NP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (VP *UNKED (PP by (NP (NP growth )NP (PP in (NP (NP world-wide sales )NP (PP of (NP (NP the company 's )NP prescription drugs )NP )PP )NP )PP )NP )PP )VP )S , (NP *UNKC )NP (VP said (SBAR (S (NP 1989 )NP (VP will (VP be (NP (NP the best year )NP (PP in (NP its history )NP )PP )NP , (SBAR with (S (NP per-share earnings )NP (VP expected (S (VP to (VP increase (NP (QP more than 20 )QP % )NP (PP to (NP (QP about $ *UNKN )QP )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Sales )NP (PP for (NP the quarter )NP )PP )NP (VP rose (PP to (NP (QP $ 1.11 billion )QP )NP )PP (PP from (NP (QP $ 1.03 billion )QP )NP )PP )VP . )S  STOP
(S (S (NP *UNKC world-wide sales )NP (VP rose (NP 9 % )NP (PP in (NP the quarter )NP )PP (PP to (NP (QP $ *UNKN million )QP )NP )PP )VP )S ; (S (NP U.S. sales )NP (VP rose (NP 15 % )NP )VP )S . )S  STOP
(S (NP (NP The segment 's )NP growth )NP (VP was (VP led (PP by (NP (NP sales )NP (PP of (NP (NP the *UNK drugs )NP (NP (NP (NP *UNKC )NP , (NP a *UNK regulator )NP )NP , and (NP (NP *UNKC )NP , (NP a *UNK channel *UNK )NP )NP )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP *UNKC sales )NP (PP of (NP (NP (NP *UNKC 's )NP *UNK- health-care products )NP , (PP such as (NP (NP *UNKC cough *UNK )NP , (NP *UNKC *UNK )NP , and (NP *UNKC skin *UNK )NP )NP )PP , )NP )PP )NP (VP increased (NP 3 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP in (NP the third quarter )NP )PP )VP )S ; (S (NP U.S. sales )NP (VP rose (NP 5 % )NP )VP )S . )S  STOP
(S (NP *UNKC products sales )NP (ADVP also )ADVP (VP had (NP strong growth )NP (PP in (NP the quarter )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC sales )NP (PP of (NP (NP *UNKC gum )NP , (NP *UNKC *UNK *UNK )NP , and (NP *UNKC gum and breath *UNK )NP , )NP )PP )NP (VP increased (NP 12 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP *UNKC shares )NP (VP closed (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP , (ADVP up (NP $ 1.50 )NP )ADVP , (PP in (NP Big Board composite trading )NP )PP (NP yesterday )NP )VP . )S  STOP
(NP Eli Lilly & Co . )NP  STOP
(S (NP Lilly )NP (VP attributed (NP record third-quarter and nine-month results )NP (PP to (NP (NP world-wide gains )NP (PP for (NP (NP pharmaceuticals )NP , (NP medical instruments )NP and (NP *UNK- products )NP )NP )PP (PP despite (NP (NP (NP poor exchange rates )NP (PP for (NP the dollar )NP )PP )NP (SBAR (WHNP that )WHNP (S (VP slowed (NP (NP sales )NP (ADVP abroad )ADVP )NP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP Earnings )NP (VP continued (S (VP to (VP pace (NP sales )NP )VP )VP )S (PP because of (NP (NP a lower tax rate )NP , (NP (NP profit )NP (PP from (NP (NP the *UNK )NP (PP of (NP (NP the debt instrument )NP (VP received (PP from (NP *UNKC Inc. )NP )PP (PP in (NP (NP connection )NP (PP with (NP (NP (NP Lilly 's )NP sale )NP (PP of (NP Elizabeth *UNKC Inc. )NP )PP (PP in (NP 1987 )NP )PP )NP )PP )NP )PP )VP )NP )PP )NP )PP )NP , and (NP (NP net proceeds )NP (PP from (NP (NP the settlement )NP (PP of (NP patent litigation )NP )PP (PP at (NP (NP Lilly 's )NP *UNKC Inc. unit )NP )PP )NP )PP )NP )NP )PP )VP . )S  STOP
(S (NP (NP Third-quarter sales )NP (PP of (NP the (NAC Indianapolis , Ind. , )NAC company )NP )PP )NP (VP rose (NP 11 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP Nine-month sales )NP (VP grew (NP 12 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP . )S  STOP
(S (NP (NP Sales )NP (PP of (NP (NP *UNKC )NP , (NP an *UNK- )NP , )NP )PP )NP (VP led (NP *UNK- increases )NP )VP . )S  STOP
(S (S (NP (NP *UNKC sales )NP (PP of (NP (NP pesticides )NP and (NP other *UNK- products )NP )NP )PP )NP (VP (ADVP more than )ADVP offset (NP (NP a slight decline )NP (PP in (NP (NP the sales )NP (PP of (NP *UNK- products )NP )PP )NP )PP )NP (S (VP to (VP fuel (NP (NP the increase )NP (PP in (NP world-wide agricultural product sales )NP )PP )NP )VP )VP )S )VP )S , (NP Lilly )NP (VP said )VP . )S  STOP
(S (NP (NP Advanced *UNKC Systems Inc. )NP and (NP *UNKC *UNKC Inc. units )NP )NP (VP led (NP (NP growth )NP (PP in (NP the *UNK- systems division )NP )PP )NP )VP . )S  STOP
(S (NP Lilly shares )NP (VP closed (NP yesterday )NP (PP in (NP (NP composite trading )NP (PP on (NP the Big Board )NP )PP )NP )PP (PP at (NP $ *UNKN )NP )PP , (ADVP down (NP 12.5 cents )NP )ADVP )VP . )S  STOP
(S (NP (NP *UNKC Mark )NP , (NP (NP chairman )NP (PP of (NP Colgate-Palmolive Co. )NP )PP )NP , )NP (VP said (SBAR (S (NP he )NP (VP is (ADJP `` comfortable '' (PP with (NP (NP analysts ' )NP estimates (SBAR that (S (NP third-quarter earnings )NP (VP rose (PP to (NP (NP (QP between 95 cents and $ 1.05 )QP )NP (NP a share )NP )NP )PP )VP )S )SBAR )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (S (NP That )NP (VP compares (PP with (NP (NP per-share earnings )NP (PP from (NP continuing operations )NP )PP (PP of (NP 69 cents )NP (ADVP (NP the year )NP earlier )ADVP )PP )NP )PP )VP )S ; (S (PP including (NP discontinued operations )NP )PP , (NP per-share )NP (VP was (NP 88 cents )NP (ADVP (NP a year )NP ago )ADVP )VP )S . )S  STOP
(S (NP The per-share estimates )NP (VP mean (SBAR (S (NP (NP the *UNK- company 's )NP net income )NP , (VP increased (PP to (NP (QP between $ *UNKN million and $ 76 million )QP )NP )PP , (PP from (NP (NP (QP $ *UNKN million )QP )NP (NP the *UNK- period )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Analysts )NP (VP estimate (SBAR (S (NP (NP Colgate 's )NP world-wide third-quarter sales )NP (VP rose (NP about 8 % )NP (PP to (NP (QP $ 1.29 billion )QP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Mark )NP (VP attributed (NP the earnings growth )NP (PP to (NP (NP strong sales )NP (PP in (NP (NP Latin America )NP , (NP Asia )NP and (NP Europe )NP )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP Results )NP (VP were (ADVP also )ADVP (VP bolstered (PP by (NP (NP `` a (ADJP very *UNK )ADJP '' increase )NP (PP in (NP operating profit )NP )PP (PP by (NP (NP Colgate 's )NP U.S. business )NP )PP )NP )PP )VP )VP )S , (NP Mr. Mark )NP (VP said )VP . )S  STOP
(S (S (NP (NP Operating profit )NP (PP at (NP (NP Colgate 's )NP U.S. household products and *UNK- businesses )NP )PP )NP (VP jumped (NP 25 % )NP (PP in (NP the quarter )NP )PP )VP )S , (NP Mr. Mark )NP (VP added )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP the improvement )NP (VP was (NP (NP a result )NP (PP of (NP (NP cost savings )NP (VP achieved (PP by (S (VP (VP consolidating (NP manufacturing (NP operations )NP )NP )VP , (VP *UNKING (NP two sales organizations )NP )VP and (VP focusing (ADVP more carefully )ADVP (NP (NP the company 's )NP promotional activities )NP )VP )VP )S )PP )VP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The estimated improvement )NP (PP in (NP (NP Colgate 's )NP U.S. operations )NP )PP )NP (VP took (NP some analysts )NP (PP by (NP surprise )NP )PP )VP . )S  STOP
(S (NP (NP (NP Colgate 's )NP household products business )NP , (SBAR (WHNP which )WHNP (S (VP includes (NP (NP such brands )NP (PP as (NP (NP *UNKC *UNK *UNK )NP and (NP *UNKC *UNK )NP )NP )PP )NP )VP )S )SBAR )NP , (VP has (VP been (NP a weak *UNK )NP )VP )VP . )S  STOP
(S (S (NP Analysts )NP (VP estimate (SBAR (S (NP (NP (NP Colgate 's )NP sales )NP (PP of (NP household products )NP )PP (PP in (NP the U.S. )NP )PP )NP (VP were (ADJP flat )ADJP (PP for (NP the quarter )NP )PP )VP )S )SBAR )VP )S , and (S (NP they )NP (VP estimated (NP operating margins )NP (PP at (NP (QP only 1 % to 3 % )QP )NP )PP )VP )S . )S  STOP
(SINV `` (S (SBAR If (S (NP you )NP (VP could (VP say (SBAR (S (NP (NP their business )NP (PP in (NP the U.S. )NP )PP )NP (VP was (ADJP *UNK )ADJP )VP )S , but (S (ADJP great )ADJP (ADVP everywhere else )ADVP )S )SBAR )VP )VP )S )SBAR , (NP that )NP (VP would (VP be (ADJP fine )ADJP )VP )VP )S , '' (VP says )VP (NP (NP *UNKC Austin )NP , (NP (NP an analyst )NP (PP with (NP Wertheim *UNKC & Co )NP )PP )NP )NP . )SINV  STOP
(S `` But (S (NP it )NP (VP 's not (ADJP *UNK )ADJP )VP )S , (S (NP it )NP (VP 's (NP a real problem )NP )VP )S . '' )S  STOP
(S (NP Mr. Mark )NP (VP conceded (SBAR that (S (NP (NP (NP Colgate 's )NP domestic business )NP , (ADVP apart (PP from (NP its (ADJP highly profitable )ADJP (NP Hill 's )NP *UNKC Products unit )NP )PP )ADVP , )NP (VP has (VP lagged )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP We )NP (VP 've (VP done (NP a lot )NP (S (VP to (VP improve (NP -LCB- U.S. . -RCB- results )NP )VP )VP )S )VP )VP , and (S (NP a lot more )NP (VP will (VP be (VP done )VP )VP )VP )S )S , '' (NP Mr. Mark )NP (VP said )VP . )S  STOP
(S `` (S (VP *UNKING (NP (NP profitability )NP (PP of (NP U.S. operations )NP )PP )NP )VP )S (VP is (NP (NP an (ADJP extremely high )ADJP priority )NP (PP in (NP the company )NP )PP )NP )VP . '' )S  STOP
(S (S (VP To (VP focus (PP on (NP its global *UNK- business )NP )PP )VP )VP )S , (NP Colgate )NP (VP sold (NP its *UNKC health-care business )NP (PP in (NP 1988 )NP )PP )VP . )S  STOP
(S (NP H. Anthony *UNKC )NP (VP was (VP elected (S (NP (NP a director )NP (PP of (NP (NP this company )NP , (SBAR (WHNP which )WHNP (S (ADVP primarily )ADVP (VP has (NP (NP interests )NP (PP in (NP radio and television stations )NP )PP )NP )VP )S )SBAR )NP )PP )NP )S , (S (VP increasing (NP (NP the number )NP (PP of (NP seats )NP )PP )NP (PP to (NP five )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP *UNKC )NP (ADVP also )ADVP (VP operates (NP (NP *UNKC *UNK )NP , (NP entertainment properties )NP and (NP small *UNK- systems )NP )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (NP (NP executive )NP , (NP special projects )NP , (PP at (NP (NP *UNKC Group Holdings Inc. )NP , (SBAR (WHNP which )WHNP (S (VP is (VP controlled (PP by (NP Manufacturers Hanover Corp )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP The Boston Globe )NP (VP says (SBAR (S (NP its (ADJP newly *UNKED )ADJP pages )NP (VP have (NP a `` *UNK '' look )NP (PP with (NP (NP revamped *UNK )NP (VP aimed (PP at (S (VP making (S (NP the paper )NP (ADJP `` (ADJP more consistent )ADJP '' and `` (ADJP easier (SBAR (S (VP to (VP read )VP )VP )S )SBAR )ADJP )ADJP )S )VP )S )PP )VP )NP )PP )VP )S )SBAR )VP . '' )S  STOP
(FRAG (ADVP Maybe so )ADVP -- (SBAR if (S (NP you )NP (VP can (VP find (SBAR (WHADVP where )WHADVP (S (NP your favorite writer )NP (VP went )VP )S )SBAR )VP )VP )S )SBAR . )FRAG  STOP
(S (NP (NP *UNKC *UNK )NP , (SBAR (WHNP who )WHNP (S (VP spare (NP no *UNK )NP (SBAR (WHADVP when )WHADVP (S (VP taking (PRT on )PRT (NP (NP local *UNK )NP (PP such as (NP (NP Michael `` *UNKC *UNKC '' *UNKC )NP , or (NP New England *UNKC *UNKC Raymond `` Rev. Ray '' Berry )NP )NP )PP )NP )VP )S )SBAR )VP )S )SBAR , )NP (NP yesterday )NP (VP poured (NP *UNK )NP (PP on (NP (NP (NP new *UNK )NP (PP of (NP Globe *UNK )NP )PP )NP (SBAR (WHNP that )WHNP (S (VP replaced (NP (NP old photos )NP (PP in (NP the revamped pages )NP )PP )NP (NP this week )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP By (NP late last night )NP )PP , (NP Globe *UNKING *UNKC (NP Thomas *UNKC )NP )NP , (S (VP *UNKING (PP to (NP (NP the will )NP (PP of (NP his troops )NP )PP )NP )PP )VP )S , (VP scrapped (NP the new *UNK )NP )VP . )S  STOP
(S (PP For (NP (NP a few days )NP (PP at (ADJP least )ADJP )PP )NP )PP (PRN , (NP he )NP (VP says )VP , )PRN (NP (NP no pictures or *UNK )NP (PP of (NP any kind )NP )PP )NP (VP will (VP *UNK (NP the columns )NP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP was , (SBAR (S (NP nobody )NP (VP thought (SBAR (S (NP they )NP (VP looked (ADJP right )ADJP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Globe columnist Mike *UNKC )NP (PRN -- (PP in (NP (NP the second attack )NP (PP on (NP his employer )NP )PP (PP in (NP as many weeks )NP )PP )NP )PP -- )PRN (VP *UNKED (SBAR that (S (NP his *UNK *UNK )NP (VP was (ADJP so bad , (SBAR (S (NP it )NP (VP looked `` (PP like (NP (NP a face )NP (SBAR (S (NP you )NP (VP 'd (VP find (PP on (NP (NP a *UNK )NP (PP of (NP (NP *UNK *UNK )NP (SBAR (WHNP that )WHNP (S (VP promises (S (VP to (VP do (ADVP away )ADVP (PP with (NP *UNK )NP )PP (PP in (NP our lifetime )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )ADJP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP *UNKED (NP readers )NP (SBAR that (S (NP he )NP (ADVP still )ADVP (VP has n't (VP *UNK (NP Globe management )NP (PP for (S (VP questioning (NP (NP a (ADJP $ 20 )ADJP expense *UNK )NP (SBAR (S (NP he )NP (VP submitted (PP for (S (VP parking (NP his car )NP (SBAR while (S (VP *UNKING (NP a story )NP )VP )S )SBAR )VP )S )PP )VP )S )SBAR )NP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP I )NP (VP thought (S -LCB- (NP the drawing )NP -RCB- (NP (NP a cross )NP (PP between (NP (NP (NP someone )NP (SBAR (S (NP you )NP (VP 'd (VP spot (S (VP *UNKING open (NP his *UNK *UNK )NP )VP )S )VP )VP )S )SBAR )NP ... or (NP (NP a guy )NP (SBAR (WHNP who )WHNP (S (VP *UNKED (SBAR (S (NP he )NP (VP 'd (VP been (NP (NP Charles *UNKC 's )NP *UNK )NP (PP for (NP the last 19 years )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )NP )NP )PP )NP )S )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP was (ADJP hardly *UNK )ADJP (PP to (NP (NP the *UNK )NP (PP of (NP (NP colleagues )NP (NP (NP (NP Michael *UNKC )NP (PRN -LRB- `` (S (VP appears (S (VP to (VP be (NP a *UNK )NP )VP )VP )S )VP )S '' -RRB- )PRN )NP , (NP (NP Will McDonough )NP (PRN -LRB- `` (S (VP looks (SBAR as if (S (NP he )NP (VP drove (PP for (NP *UNKC Lincoln )NP )PP )VP )S )SBAR )VP )S '' -RRB- )PRN )NP or (NP (NP *UNKC English )NP , (SBAR (WHNP whose `` little *UNK )WHNP (S (ADVP now )ADVP (VP *UNK (ADVP *UNKLY )ADVP (NP (NP every time )NP (SBAR (S (NP she )NP (VP sees (NP a newspaper )NP )VP )S )SBAR )NP )VP )S )SBAR )NP )NP )NP )PP )NP )PP )VP . '' )S  STOP
(S (NP (NP (NP Lynn *UNKC )NP , (NP (NP (NP the Globe 's )NP assistant managing editor )NP (PP for (NP design )NP )PP )NP )NP , )NP (VP acknowledges (SBAR that (S (NP the *UNK )NP (VP were `` (PP on (NP (NP the low end )NP (PP of (NP the *UNK *UNK )NP )PP )NP )PP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP *UNKC Boston *UNKC columnist *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (ADVP usually )ADVP (VP *UNK (PP at (NP *UNKC `` *UNK '' and *UNK )NP )PP )VP )S )SBAR , )NP (VP argued (SBAR that (S (NP the new *UNK )NP (VP were (VP designed (S (VP to (VP hide (NP (NP (NP Mr. *UNKC 's )NP `` (ADJP rapidly growing )ADJP *UNK '' )NP and (NP (NP the *UNK defects )NP (PP of (NP (NP `` *UNK '' Dan *UNKC )NP , (NP a Globe sports columnist )NP )NP )PP )NP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S But (VP think (PP of (NP (NP the money )NP (SBAR (S (NP (NP you )NP , (NP the reader )NP , )NP (VP will (VP save (PP on (NP *UNKC )NP )PP )VP )VP )S )SBAR )NP )PP )VP )S , '' (VP said )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S `` (PP Instead of (S (VP buying (NP *UNK )NP (PP for (NP your kids )NP )PP )VP )S )PP , (ADVP just )ADVP (VP cut (PRT out )PRT (NP (NP the *UNK ' )NP pictures )NP )VP ... . )S  STOP
(SINV (ADJP *UNKLY *UNKED (PP in (NP both (NP (NP (NP the book review `` (NX (S (VP *UNKING (NP *UNKC )NP (NP *UNKC )NP )VP )S )NX '' )NP (PP by (NP Stephen *UNKC )NP )PP )NP (PRN -LRB- (NP (NP *UNKC & Arts )NP , (NP Sept. 27 )NP )NP -RRB- )PRN )NP and (NP (NP the books )NP (VP *UNKED )VP )NP )NP )PP )ADJP (VP is )VP (NP the assumption (SBAR that (S (NP global warming )NP (VP is (ADVP entirely )ADVP (NP (NP a result )NP (PP of (NP human activity )NP )PP )NP )VP )S )SBAR )NP . )SINV  STOP
(SQ Is (NP such a view )NP (VP justified )VP ? )SQ  STOP
(SQ (PP In (NP (NP the absence )NP (PP of (NP humans )NP )PP )NP )PP , would (NP the Earth )NP (VP enjoy (NP a constant climate )NP (PP over (NP the long term )NP )PP )VP ? )SQ  STOP
(FRAG (ADVP Clearly not . )ADVP )FRAG  STOP
(S (ADVP (NP About 20,000 years )NP ago )ADVP (NP the last ice age )NP (VP ended )VP . )S  STOP
(S (NP *UNKC ice sheets )NP (VP retreated (PP from (NP (NP the face )NP (PP of (NP (NP North America )NP , (NP northern Europe )NP and (NP Asia )NP )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP This global warming )NP (VP must (VP have (VP been (ADJP entirely natural )ADJP )VP )VP )VP )S -- (S (NP nobody )NP (VP would (VP blame (NP it )NP (PP on (NP (NP a few hundred thousand *UNK- )NP (VP (VP *UNKING (NP *UNK )NP )VP and (VP *UNKING around (PP in (NP *UNK )NP )PP )VP )VP )NP )PP )VP )VP )S . )S  STOP
(S (ADVP Furthermore )ADVP , (NP no bell )NP (VP has (ADVP yet )ADVP (VP *UNK (S (VP to (VP announce (NP (NP the end )NP (PP of (NP (NP this *UNK episode )NP (PP of (NP natural global warming )NP )PP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP It )NP (VP (VP is (ADVP probably )ADVP (VP continuing )VP )VP and (VP may (ADVP well )ADVP (VP account (PP for (NP (NP (NP most )NP (PP of )PP )NP , or (NP (NP all )NP (PP of )PP )NP , (NP *UNK- global warming )NP )NP )PP )VP )VP )VP . )S  STOP
(S (S (NP I )NP (VP *UNK (PP to (NP no one )NP )PP (PP in (NP (NP my regard )NP (PP for (NP our *UNK *UNK )NP )PP )NP )PP )VP )S , but (S (SBAR if (S (NP we )NP (VP are (ADJP serious (PP about (NP global warming )NP )PP )ADJP )VP )S )SBAR (NP we )NP (VP must (VP (VP look (PP at (NP the big picture )NP )PP )VP and (VP not allow (S (NP the *UNKC *UNKC )NP (VP to (VP lock (NP us )NP (PP into (NP the *UNK- - warming scenario )NP )PP (PP as (NP (NP the sole model )NP (PP for (NP discussion )NP )PP )NP )PP )VP )VP )S )VP )VP )VP )S . )S  STOP
(FRAG (NP *UNKC *UNKC )NP (NP (NP *UNKC Department )NP (NP (NP University )NP (PP of )PP )NP )NP )FRAG  STOP
(S (NP The Internal Revenue Service )NP (VP plans (S (VP to (VP restructure (NP itself )NP (PP (ADVP more )ADVP like (NP a private corporation )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP the *UNKING agency )NP (VP says (SBAR that (S (NP it )NP (VP will (VP take (NP (NP the unusual step )NP (PP of (S (VP looking (PP to (NP the private sector )NP )PP (S (VP to (VP fill (NP (NP (NP two new *UNK- positions )NP (SBAR (S (VP to (VP guide (NP the *UNK- agency )NP )VP )VP )S )SBAR )NP : (NP (NP (NP a comptroller )NP (SBAR (S (VP to (VP *UNK (NP daily finances )NP )VP )VP )S )SBAR )NP and (NP (NP a chief information officer )NP (SBAR (S (VP to (VP *UNK (NP (NP the information system )NP , (SBAR (WHNP which )WHNP (S (VP includes (NP (NP probably the largest computer data base )NP (PP in (NP the world )NP )PP )NP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )NP )NP )VP )VP )S )VP )S )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The IRS )NP (ADVP also )ADVP (VP said (SBAR that (S (NP it )NP (VP would (VP create (NP (NP the position )NP (PP of (NP (NP chief financial officer )NP , (SBAR (WHNP who )WHNP (S (VP will (VP be (VP hired (PP from (PP within (NP the agency )NP )PP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP IRS *UNKC Fred T. Goldberg )NP (VP said (SBAR (S (NP the changes )NP (VP are (VP intended (S (VP to (VP bring `` (NP *UNK )NP '' (PP to (NP (NP the agency )NP , (SBAR (WHNP which )WHNP (S (VP (VP has (NP (NP an annual budget )NP (PP of (NP (QP more than $ 5 billion )QP )NP )PP )NP )VP and (VP *UNK (NP (NP (QP about $ 1 trillion )QP )NP (NP a year )NP )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP (NP My assessment )NP and (NP (NP everyone 's )NP assessment )NP )NP (VP is (SBAR that (S (NP we )NP (VP do not (VP have (NP (NP (NP the kinds )NP (PP of (NP information )NP )PP )NP (SBAR (WHNP that )WHNP (S (VP let (S (NP us )NP (VP (ADVP *UNKLY and effectively )ADVP *UNK and execute (NP our budget )NP )VP )S )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )S , '' (NP Mr. Goldberg )NP (VP said )VP . )S  STOP
(S `` And (NP we )NP (VP do n't (VP have (NP (NP internal controls and discipline )NP (SBAR (WHNP that )WHNP (S (NP we )NP (VP need (S (VP to (VP have )VP )VP )S (S (VP to (VP spend (NP (QP $ 5 billion )QP )NP (ADVP properly )ADVP )VP )VP )S )VP )S )SBAR )NP )VP )VP . '' )S  STOP
(S (NP (NP Mr. Goldberg )NP , (SBAR (WHNP who )WHNP (S (VP took (PRT over )PRT (PP as (NP (NP head )NP (PP of (NP the IRS )NP )PP )NP )PP (PP in (NP July )NP )PP )VP )S )SBAR , )NP (VP has (VP been (VP *UNKED (PP by (SBAR (WHNP what )WHNP (S (NP he )NP (VP considers (S (NP (NP the *UNK , waste and lack )NP (PP of (NP *UNK )NP )PP (PP among (NP (NP the branches )NP (PP of (NP the vast federal agency )NP )PP )NP )PP )NP )S )VP )S )SBAR )PP )VP )VP )VP . )S  STOP
(S (NP The IRS )NP (VP operates (PP on (NP (NP a computer system )NP (VP designed (PP in (NP 1961 )NP )PP )VP , (SBAR (WHNP which )WHNP (S (NP it )NP (VP has (VP been (VP trying (S (VP to (VP modernize )VP )VP )S (PP for (NP years )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S And (NP (NP the agency )NP , (SBAR (WHNP which )WHNP (S (VP operated (PP throughout (NP fiscal 1989 )NP )PP (PP with (NP a (ADJP $ 360 million )ADJP budget *UNK )NP )PP )VP )S )SBAR , )NP (VP has (VP been (PP under (NP a hiring freeze )NP )PP (PP since (NP last fall )NP )PP )VP )VP . )S  STOP
(S (NP The new commissioner )NP (VP says (SBAR that (S (NP (NP closer scrutiny )NP (PP of (SBAR (WHADVP how )WHADVP (S (NP the agency )NP (VP uses (NP its resources )NP )VP )S )SBAR )PP )NP (VP will (VP go (NP (NP a long way )NP (PP toward (S (VP *UNKING (NP its ability (S (VP to (VP collect (NP more tax revenue )NP )VP )VP )S )NP )VP )S )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP I )NP (VP think (SBAR that (S (NP you )NP (VP will (VP see (NP (NP (NP a significant improvement )NP (PP in (NP the budget *UNK and execution process )NP )PP )NP (SBAR (WHNP which )WHNP , (S (PP in (NP turn )NP )PP , (NP I )NP (VP believe (SBAR (S (VP will (VP result (PP in (NP (NP a significant increase )NP (PP in (NP revenue )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP The IRS )NP (VP hopes (S (VP to (VP fill (NP the new positions )NP (ADVP soon )ADVP )VP )VP )S )VP . )S  STOP
(S (S (ADVP *UNKLY )ADVP , (NP it )NP (VP would (VP *UNK (NP career civil *UNK )NP (PP from (NP within (NP the agency )NP )NP )PP )VP )VP )S , but (S (NP Mr. Goldberg )NP (VP said (SBAR (S (NP he )NP (VP plans (S (VP to (VP `` *UNK (NP the world )NP '' (PP for (NP (NP the chief information officer )NP and (NP the comptroller )NP )NP )PP )VP )VP )S )VP )S )SBAR )VP )S . )S  STOP
(S (SBAR Although (S (NP the jobs )NP (VP will (ADVP probably )ADVP (VP pay (NP (NP (QP between $ 70,000 and $ 80,000 )QP )NP (NP a year )NP )NP )VP )VP )S )SBAR , (NP IRS officials )NP (VP are (ADJP confident (SBAR that (S (NP they )NP (VP can (VP attract (NP (NP *UNK- candidates )NP (PP from (NP the private sector )NP )PP )NP )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S `` (S (NP You )NP (VP 're (VP telling (NP someone )NP (SBAR (S (NP they )NP (VP can (VP spend (NP (NP (QP the next three or four or five or six )QP years )NP (PP of (NP their life )NP )PP )NP (S (VP bringing (PRT about )PRT (NP (NP the (ADJP most difficult and costly )ADJP *UNK )NP (PP of (NP (NP an information system )NP (PP on (NP the civil side )NP )PP )NP )PP (X ever )X )NP )VP )S )VP )VP )S )SBAR )VP )VP )S , '' (NP Mr. Goldberg )NP (VP said )VP . )S  STOP
(S `` (PP On (NP the comptroller side )NP )PP , (NP you )NP (VP 're (VP (VP developing )VP and (VP making (S (VP work )VP )S )VP (NP (NP financial controls )NP (VP governing (NP a (ADJP (QP $ 6 billion )QP )ADJP budget )NP )VP )NP )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP (NP *UNKC *UNKC *UNKC )NP , (NP (NP the leader )NP (PP of (NP (NP the *UNK coup )NP (PP in (NP Panama )NP )PP )NP )PP )NP , )NP (VP was (VP buried )VP )VP )S )SBAR , (NP his body )NP (VP *UNK (NP (NP several *UNK *UNK )NP , (NP a *UNKED *UNK )NP and (NP broken *UNK and *UNK )NP )NP )VP . )S  STOP
(S (NP They )NP (VP were (NP (NP the *UNK )NP (PP of (NP (NP his *UNK )NP , (NP Panamanian leader Manuel Antonio Noriega )NP )NP )PP )NP )VP . )S  STOP
(SINV (S (NP (NP (NP The *UNK officer 's )NP slow and painful death )NP , (PP at (NP (NP the headquarters )NP (PP of (NP (NP Panama 's )NP *UNKC *UNK )NP )PP )NP )PP , )NP (VP was (VP (ADVP personally )ADVP *UNKED (PP by (NP Gen. Noriega )NP )PP )VP )VP )S , (VP says )VP (NP (NP a U.S. official )NP (PP with (NP (NP access )NP (PP to (NP intelligence reports )NP )PP )NP )PP )NP . )SINV  STOP
(S (S (VP *UNKING (PP into (NP *UNK )NP )PP )VP )S , (S (VP sinking (PP into (NP (NP *UNK )NP (PP of (NP *UNK and *UNK )NP )PP )NP )PP )VP )S , (NP Mr. Noriega )NP (VP has (VP put (PP to (NP death )NP )PP (NP (NP some 70 )NP (PP of (NP (NP his troops )NP (VP involved (PP in (NP the coup )NP )PP )VP )NP )PP )NP , (PP according (PP to (NP (NP U.S. officials )NP (VP monitoring (NP (NP (NP *UNK )NP and (NP *UNK *UNK )NP )NP (PP in (NP Panama City )NP )PP )NP )VP )NP )PP )PP )VP )VP . )S  STOP
(S (NP He )NP (VP is (ADVP now )ADVP (VP changing (NP (NP the place )NP (SBAR (S (NP he )NP (VP *UNK )VP )S )SBAR )NP (NP (NP every night )NP , (NP (NP (QP sometimes more than once )QP )NP (NP a night )NP )NP )NP )VP )VP . )S  STOP
(S (NP His *UNK )NP (VP are (ADVP most often )ADVP (VP prepared (PP by (NP (NP (NP women )NP (SBAR (S (NP he )NP (VP *UNK )VP )S )SBAR )NP -- (NP (NP (NP his *UNK- *UNK )NP , (NP *UNKC *UNKC )NP )NP , and (NP (NP her mother )NP , (NP *UNKC )NP )NP )NP )NP )PP )VP )VP . )S  STOP
(S And (NP he )NP (VP is (VP collecting (NP (NP the names )NP (PP of (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP *UNKED (NP the *UNK- )NP (S (VP to (VP *UNK (NP them )NP )VP )VP )S (PP during (NP (NP their brief time )NP (PP in (NP (NP control )NP (PP of (NP his headquarters )NP )PP )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(FRAG (NP (NP More enemies )NP (SBAR (S (VP to (VP be (VP dealt (PP with )PP )VP )VP )VP )S )SBAR . )NP )FRAG  STOP
(S (PP In (NP (NP the two weeks )NP (PP since (NP (NP the *UNK )NP , (SBAR (WHNP which )WHNP (S (NP the U.S. )NP (VP (ADVP *UNKLY )ADVP backed )VP )S )SBAR )NP )PP )NP )PP , (NP Mr. Noriega )NP (VP has (VP been (PP at (NP his most *UNK (PRN - and efficient - )PRN )NP )PP (PP in (S (VP maintaining (NP power )NP )VP )S )PP )VP )VP . )S  STOP
(S (ADVP Yet )ADVP , (SBAR while (S (NP the failed coup )NP (VP is (NP a major U.S. foreign policy embarrassment )NP )VP )S )SBAR , (NP it )NP (VP is (NP (NP merely the latest chapter )NP (PP in (NP (NP a *UNK relationship )NP (PP between (NP (NP Mr. Noriega )NP and (NP Washington )NP )NP )PP (SBAR (WHNP that )WHNP (S (VP *UNK (ADVP back )ADVP (NP three decades )NP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP (NP (NP America 's )NP war )NP (PP on (NP the dictator )NP )PP (PP over (NP the past two years )NP )PP )NP , (PP following (NP (NP his indictment )NP (PP on (NP drug charges )NP )PP (PP in (NP February 1988 )NP )PP )NP )PP , (VP is (NP (NP the *UNK )NP (PP of (NP that relationship )NP )PP )NP )VP . )S  STOP
(S (SBAR Before (S (NP American foreign policy )NP (VP set (PRT out )PRT (S (VP to (VP destroy (NP Noriega )NP )VP )VP )S )VP )S )SBAR , (NP it )NP (VP helped (VP create (NP him )NP (PP out (PP of (NP (NP the *UNK )NP (PP of (NP (NP (NP Panama 's )NP long history )NP (PP of (NP *UNK and *UNK )NP )PP )NP )PP )NP )PP )PP )VP )VP . )S  STOP
(S (PP For (NP (QP most of the past 30 )QP years )NP )PP , (NP the marriage )NP (VP was (NP (NP one )NP (PP of (NP convenience )NP )PP )NP )VP . )S  STOP
(S (PP In (NP 1960 )NP )PP , (PP for (NP example )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP Mr. Noriega )NP (VP was (NP both (NP (NP a *UNK )NP (PP at (NP (NP an *UNK military *UNK )NP (PP in (NP Peru )NP )PP )NP )PP )NP and (NP (NP a *UNKING )NP (PP for (NP the U.S. Defense Intelligence Agency )NP )PP )NP )NP )VP )S )SBAR , (NP he )NP (VP was (VP *UNKED (PP by (NP *UNKC authorities )NP )PP (PP for (S (ADVP allegedly )ADVP (VP (VP *UNKING )VP and (VP (ADVP *UNKLY )ADVP beating )VP (NP a *UNK )NP )VP )S )PP , (PP according (PP to (NP (NP a U.S. Embassy cable )NP (PP from (NP that period )NP )PP )NP )PP )PP )VP )VP . )S  STOP
(S (NP The woman )NP (VP had (VP (ADVP nearly )ADVP died )VP )VP . )S  STOP
(S But (NP U.S. intelligence )NP , (SBAR rather than (S (VP (VP rein (ADVP in )ADVP )VP or (VP cut (ADJP loose )ADJP )VP (NP its new spy )NP )VP )S )SBAR , (ADVP merely )ADVP (VP filed (NP the report )NP (ADVP away )ADVP )VP . )S  STOP
(S (NP (NP (NP Mr. Noriega 's )NP *UNK )NP (PP on (NP (NP emerging *UNK )NP (PP at (NP his school )NP )PP )NP )PP )NP (VP were (VP deemed (S (ADJP more important (PP to (NP U.S. interests )NP )PP )ADJP )S )VP )VP . )S  STOP
(S (PP From (NP that point on )NP )PP , (NP the U.S. )NP (VP would (VP make (NP a practice )NP (PP of (S (VP *UNKING (NP (NP the Panamanian 's )NP *UNK )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP The U.S. )NP (VP has (VP (VP *UNKED )VP and (VP (ADVP later )ADVP turned (PP against )PP )VP (NP (NP many *UNK )NP , but (NP (NP none )NP (ADJP quite so *UNK )ADJP )NP )NP )VP )VP . )S  STOP
(S (NP The *UNK- Mr. Noriega )NP (VP is n't (ADJP (ADJP as smooth (PP as (NP (NP the *UNK )NP (PP of (NP Iran )NP )PP )NP )PP )ADJP , (ADJP as *UNK- (PP as (NP (NP Nicaragua 's )NP *UNKC *UNKC )NP )PP )ADJP , (ADJP as *UNK (PP as (NP (NP *UNKC Marcos )NP (PP of (NP the Philippines )NP )PP )NP )PP )ADJP or (ADJP as *UNK (PP as (NP (NP *UNKC 's )NP *UNKC *UNKC *UNKC )NP )PP )ADJP )ADJP )VP . )S  STOP
(S Yet (NP he )NP (VP has (VP proved (ADJP (ADJP more *UNK )ADJP (PP than (NP (NP any )NP (PP of (NP them )NP )PP )NP )PP )ADJP )VP )VP . )S  STOP
(S And (ADVP out (PP of (NP necessity )NP )PP )ADVP : (S (NP The U.S. )NP (VP can (VP (VP make (NP mistakes )NP )VP and (ADVP still )ADVP (VP hope (S (VP to (VP remove (NP him )NP (PP from (NP power )NP )PP )VP )VP )S )VP )VP )VP )S , but (S (NP (NP a single error )NP (PP on (NP his part )NP )PP )NP (VP could (VP cost (NP him )NP (NP his life )NP )VP )VP )S . )S  STOP
(SINV `` (S (NP The U.S. )NP (VP *UNKED (NP Noriega )NP (ADVP all along )ADVP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a former *UNKC )NP (PP to (NP Panama )NP )PP )NP )NP . )SINV  STOP
(S `` (NP He )NP (VP has (VP *UNKED (NP (NP the art )NP (PP of (NP survival )NP )PP )NP )VP )VP . '' )S  STOP
(S (PP In (S (VP keeping (PP with (NP (NP (NP America 's )NP long history )NP (PP of (S (VP *UNKING (PRT up )PRT (NP Mr. Noriega )NP )VP )S )PP )NP )PP )VP )S )PP , (NP recent U.S. actions )NP (VP have (VP (VP extended )VP (CONJP rather than )CONJP (VP *UNKED )VP (NP his survival )NP )VP )VP . )S  STOP
(SINV (S (NP Mr. Noriega )NP (VP might (VP have (VP fallen (PP of (NP his own weight )NP )PP (PP in (NP 1988 )NP )PP (PP because of (NP (NP Panama 's )NP dire economic situation )NP )PP )VP )VP )VP )S , (VP says )VP (NP Mr. *UNKC )NP , but (S (NP increasing external pressure )NP (VP has (ADVP only )ADVP (VP given (NP him )NP (NP (NP (NP additional *UNK )NP (PP for (NP repression )NP )PP )NP , and (NP (NP a *UNK )NP (PP for (NP his own *UNK )NP )PP )NP )NP )VP )VP )S . )SINV  STOP
(S `` (S (SBAR If (S (NP the U.S. )NP (VP had (VP (VP sat (ADVP back )ADVP )VP and (VP done (NP nothing )NP )VP )VP )VP )S )SBAR , (NP he )NP (VP might not (VP have (VP made (NP it )NP (PP through (NP 1988 )NP )PP )VP )VP )VP )S , '' (NP Mr. *UNKC )NP (VP contends )VP . )S  STOP
(S (ADJP Perhaps most important )ADJP , (NP (NP Mr. Noriega 's )NP allies )NP (VP have (VP *UNKED (S (VP to (VP encourage (PRN -- (PP in (NP some cases )NP )PP , (S (VP to (VP demand )VP )VP )S -- )PRN (SBAR that (S (NP the dictator )NP (VP maintain (NP (NP his grip )NP (PP of (NP the *UNK )NP )PP )NP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (NP One Colombian drug boss )NP , (SBAR upon (S (VP hearing (PP in (NP 1987 )NP )PP (SBAR that (S (NP Gen. Noriega )NP (VP was (VP negotiating (PP with (NP the U.S. )NP )PP (S (VP to (VP abandon (NP his command )NP (PP for (NP a comfortable *UNK )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR , (VP sent (NP him )NP (NP (NP a *UNKED *UNK *UNK )NP (VP *UNKED (PP with (NP his name )NP )PP )VP )NP )VP . )S  STOP
(SINV `` (S (NP He )NP (VP is (ADJP *UNKED )ADJP )VP )S , '' (VP says )VP (NP (NP the Rev. *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP has (VP led (NP (NP Catholic Church opposition )NP (PP against (NP Noriega )NP )PP )NP )VP )VP )S )SBAR )NP . )SINV  STOP
(S `` (NP The Americans )NP (VP have (VP left (S (NP him )NP (PP without (NP a way out )NP )PP )S )VP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP is (ADJP easy )ADJP (S (VP to (VP fight )VP )VP )S (SBAR (WHADVP when )WHADVP (S (NP you )NP (VP do n't (VP have (NP any other option )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(FRAG (NP (NP (NP His chief advantage )NP (PP in (NP the fight )NP )PP )NP : (NP (NP his intimate knowledge )NP (PP of (NP American ways and weaknesses )NP )PP )NP )NP . )FRAG  STOP
(S (NP Mr. Noriega )NP (ADVP often )ADVP (VP tells (NP friends )NP (SBAR that (S (NP *UNK )NP (VP is (NP (NP the best weapon )NP (PP against (NP (NP the *UNK )NP , (SBAR (WHNP who )WHNP (S (VP have (NP (NP a short attention span )NP and (NP (NP little *UNK )NP (PP for (NP lasting confrontation )NP )PP )NP )NP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The U.S. )NP (VP discovered (NP the young Tony Noriega )NP (PP in (NP late *UNKN )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP was (PP in (NP (NP his second year )NP (PP at (NP (NP the *UNKC *UNKC Academy )NP (PP in (NP *UNKC )NP )PP )NP )PP )NP )PP )VP )S )SBAR , (PP according (PP to (NP former U.S. intelligence officials )NP )PP )PP )VP . )S  STOP
(S (NP The contact )NP (VP occurred (PP through (NP (NP (NP Mr. Noriega 's )NP *UNK- )NP , (NP (NP a Panamanian *UNK )NP (VP based (PP in (NP Peru )NP )PP )VP (VP named (S (NP *UNKC Carlos Noriega *UNKC )NP )S )VP )NP )NP )PP )VP . )S  STOP
(S (NP *UNKC Carlos )NP , (S (VP knowing (SBAR that (S (S (VP helping (NP the Americans )NP )VP )S (VP could (VP advance (NP (NP the career )NP (PP of (NP any Panamanian officer )NP )PP )NP )VP )VP )S )SBAR )VP )S , (VP *UNKED (NP (NP (NP Tony 's )NP reports )NP (PP on (NP (NP the leftist *UNK )NP (SBAR (S (NP he )NP (VP observed (PP (PP among (NP his fellow students )NP )PP and , (ADVP more important )ADVP , (PP among (NP his officers and *UNK )NP )PP )PP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP A spy )NP (VP was (VP born )VP )VP . )S  STOP
(S (NP It )NP (VP was (NP a *UNK experience )NP (PP for (NP (NP the *UNKED and (ADJP slightly built )ADJP Mr. Noriega )NP , (SBAR (WHNP who )WHNP (S (VP was (VP known (PP to (NP his friends )NP )PP (PP as (NP (NP *UNKC la *UNKC )NP -- (NP *UNK face )NP )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (S (VP *UNKC (NP (NP the *UNK son )NP (PP of (NP (NP his father 's )NP *UNK )NP )PP )NP )VP )S , (NP he )NP (VP was (VP raised (PP on (NP (NP the mean streets )NP (PP of (NP (NP the central market district )NP (PP of (NP Panama City )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Tony )NP (VP (VP was (ADJP (ADJP (NP four years )NP older )ADJP (PP than (NP (NP most )NP (PP of (NP his fellow *UNK )NP )PP )NP )PP )ADJP )VP , and (VP gained (NP (NP admission )NP (PP to (NP the *UNK )NP )PP )NP (SBAR because (S (NP his brother )NP (VP had (VP *UNKED (NP his birth certificate )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP He )NP (VP considered (S (NP himself )NP (ADJP *UNKLY superior (PP to (NP (NP his *UNKC *UNK )NP , (SBAR (WHNP many (WHPP of (WHNP whom )WHNP )WHPP )WHNP (S (VP were (NP (NP *UNK *UNK )NP (VP sent (PP by (NP their *UNK- families )NP )PP (PP to (NP the (ADJP highly *UNKED )ADJP , *UNKED *UNK )NP )PP (PP as (NP (NP a sort )NP (PP of (NP reform school )NP )PP )NP )PP )VP )NP )VP )S )SBAR )NP )PP )ADJP )S )VP . )S  STOP
(S (S (PP In (NP his peaked military cap and (ADJP *UNKLY pressed )ADJP , *UNKC uniform )NP )PP , (NP Noriega )NP (VP felt (ADJP (ADJP more *UNKED and powerful )ADJP (PP than (NP (NP ever )NP (PP in (NP his *UNKED life )NP )PP )NP )PP )ADJP )VP )S , (NP (NP friends )NP (PP from (NP the period )NP )PP )NP (VP say )VP . )S  STOP
(SINV `` (S (NP He )NP (VP had (NP (NP an elegant uniform )NP (PP with (NP gold *UNK )NP )PP )NP (PP in (NP (NP a country )NP (SBAR (SBAR (WHADVP where )WHADVP (S (NP there )NP (VP was (NP (NP a *UNK )NP (PP of (NP *UNK )NP )PP )NP )VP )S )SBAR , (SBAR (WHADVP where )WHADVP (S (NP officers )NP (VP were (NP (NP the *UNK )NP (PP with (NP special *UNK )NP )PP )NP )VP )S )SBAR )SBAR )NP )PP )VP )S , '' (VP recalls )VP (NP (NP *UNKC *UNKC )NP , (NP (NP (NP a fellow student )NP (PP in (NP Peru )NP )PP )NP and (NP a *UNK friend )NP )NP )NP . )SINV  STOP
(S (S (NP (NP (NP Mr. Noriega 's )NP relationship )NP (PP to (NP American intelligence agencies )NP )PP )NP (VP became (ADJP *UNK )ADJP (PP in (NP either 1966 or 1967 )NP )PP )VP )S , (NP intelligence officials )NP (VP say )VP . )S  STOP
(S (NP (NP (NP His *UNKING officer )NP (PP at (NP the *UNKC *UNKC *UNK )NP )PP )NP , (NP Major *UNKC *UNKC )NP , )NP (VP gave (NP him )NP (NP (NP an *UNKING *UNK )NP : (S (NP Mr. Noriega )NP (VP would (VP *UNK (NP (NP the province 's )NP first intelligence service )NP )VP )VP )S )NP )VP . )S  STOP
(S (NP The spy network )NP (VP would (VP (VP serve (NP two clients )NP )VP : (VP (VP (NP the Panamanian government )NP , (PP by (S (VP monitoring (NP (NP political opponents )NP (PP in (NP the region )NP )PP )NP )VP )S )PP )VP , and (VP (NP the U.S. )NP , (PP by (S (VP tracking (NP (NP the growing Communist influence )NP (PP in (NP (NP the unions )NP (VP organized (PP at (NP (NP (NP United *UNKC Co. 's )NP *UNK *UNK )NP (PP in (NP (NP *UNKC *UNK *UNKC )NP and (NP Puerto *UNKC )NP )NP )PP )NP )PP )VP )NP )PP )NP )VP )S )PP )VP )VP )VP )VP . )S  STOP
(S (NP United *UNKC )NP (VP was (NP (NP one )NP (PP of (NP (NP the two largest *UNK )NP (PP to (NP (NP Panama 's )NP national income )NP )PP )NP )PP )NP )VP . )S  STOP
(S (S (VP *UNKING (NP its interests )NP )VP )S (VP was (NP a priority )NP (PP for (NP any Panamanian leader )NP )PP )VP . )S  STOP
(S (S (NP (NP Mr. Noriega 's )NP initial *UNK )NP (VP was (NP (NP (NP (QP only $ 50 to $ 100 )QP )NP (NP a month )NP )NP , plus (NP (NP *UNK gifts )NP (PP of (NP liquor or *UNK )NP )PP (PP from (NP the American *UNK )NP )PP )NP )NP )VP )S , (NP a former intelligence official )NP (VP says )VP . )S  STOP
(S (NP It )NP (VP was (NP (NP (NP modest pay )NP (PP by (NP American standards )NP )PP )NP , but (NP (NP a healthy boost )NP (PP to (NP (NP his small military salary )NP , (SBAR (WHNP which )WHNP (S (NP fellow officers )NP (VP remember (PP as (S (VP having (VP been (NP (NP (QP $ 300 to $ 400 )QP )NP (ADVP monthly )ADVP )NP )VP )VP )S )PP )VP )S )SBAR )NP )PP )NP )NP )VP . )S  STOP
(SINV `` (S (NP He )NP (VP did (NP it )NP (ADVP very well )ADVP )VP )S , '' (VP recalls )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a former Panamanian *UNK )NP (SBAR (WHNP who )WHNP (S (VP managed (NP (NP Mr. Noriega )NP and (NP his operation )NP )NP )VP )S )SBAR )NP )NP . )SINV  STOP
(S `` (NP He )NP (VP started (VP building (NP (NP the files )NP (SBAR (WHNP that )WHNP (S (VP helped (S (NP him )NP (VP gain (NP power )NP )VP )S )VP )S )SBAR )NP )VP )VP . '' )S  STOP
(S (NP (NP A National Guard job )NP (VP assumed (PP by (NP *UNKC Noriega )NP )PP (PP in (NP *UNKN )NP )PP )VP (PRN -- (PP as (NP (NP chief )NP (PP of (NP (NP the *UNK police )NP (PP in (NP (NP David City )NP , (NP (NP capital )NP (PP of (NP the *UNKC *UNKC )NP )PP )NP )NP )PP )NP )PP )NP )PP -- )PRN )NP (VP was (ADJP *UNK- (PP for (NP an *UNKING *UNK- )NP )PP )ADJP )VP . )S  STOP
(S (PP By (S (VP *UNKING (NP (NP *UNK and bus drivers )NP (SBAR (WHNP who )WHNP (S (VP needed (NP licenses )NP )VP )S )SBAR )NP )VP )S )PP , (NP he )NP (VP gained (NP (NP a ready *UNK )NP (PP of (NP information )NP )PP )NP )VP . )S  STOP
(S (NP He )NP (VP knew (SBAR (SBAR (WHNP which local *UNK )WHNP (S (VP had (VP been (VP caught (VP driving (ADVP *UNK )ADVP )VP )VP )VP )VP )S )SBAR , (SBAR (WHNP which )WHNP (S (VP had (VP been (VP found (PP with (NP their *UNK )NP )PP )VP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP This )NP (VP proved (ADJP particularly valuable (PP to (NP the Panamanian government )NP )PP )ADJP (PP in (NP (NP 1967 )NP , (SBAR (WHADVP when )WHADVP (S (NP union leaders )NP (VP were (VP planning (NP (NP a May Day march )NP (SBAR (WHNP that )WHNP (S (NP the government )NP (VP feared (SBAR (S (VP could (VP turn (ADJP violent )ADJP )VP )VP )S )SBAR )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Mr. Noriega )NP (VP had (VP learned (SBAR that (S (NP a local union leader )NP (VP was (VP *UNKING (PP with (NP (NP the wife )NP (PP of (NP his deputy )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S So (NP he )NP (VP *UNKED (NP the information )NP (PP on (NP (NP *UNK )NP (SBAR (WHNP that )WHNP (S (NP he )NP (VP distributed (PP throughout (NP (NP the *UNKING city )NP (PP of (NP (NP Puerto *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP was (VP ruled (PP by (NP United *UNKC Co )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The campaign )NP (VP (ADVP so )ADVP divided (NP union leaders )NP (SBAR that (S (NP the government )NP (VP found (S (NP them )NP (ADJP far easier (SBAR (S (VP to (VP control )VP )VP )S )SBAR )ADJP )S )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP It )NP (VP was (PP like (NP (NP a play )NP (PP on (NP *UNKC )NP )PP )NP )PP )VP )S , '' (VP recalls )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S `` (NP Noriega )NP (VP managed (NP the whole thing )NP )VP . )S  STOP
(S (NP He )NP (VP was (ADJP *UNK )ADJP )VP . )S  STOP
(S (NP Noriega )NP (VP was (NP (NP an expert )NP (PP at (S (VP *UNKING and *UNKING (NP people )NP )VP )S )PP )NP )VP . '' )S  STOP
(S (PP During (NP (NP his years )NP (PP in (NP *UNKC )NP )PP )NP )PP , (ADVP however )ADVP , (NP Mr. Noriega )NP (ADVP also )ADVP (VP *UNKED (S (NP himself )NP (PP as (NP (NP an officer )NP (ADJP (ADJP as *UNK )ADJP (SBAR as (S (NP he )NP (VP was (ADJP *UNK )ADJP )VP )S )SBAR )ADJP )NP )PP )S )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP a local lawyer and human-rights monitor )NP , )NP (VP recalls (NP (NP an *UNKED Noriega )NP (VP visiting (NP *UNK )NP (PP in (NP (NP their cells )NP (PP at (NP (NP the *UNK *UNKC Garrison headquarters )NP (PP in (NP (NP David )NP , (SBAR (WHADVP where )WHADVP (S (NP he )NP (VP had (NP his offices )NP )VP )S )SBAR )NP )PP )NP )PP )NP )PP )VP )NP )VP . )S  STOP
(S (NP Mr. Noriega )NP (VP would (VP order (NP (NP them )NP (ADVP all )ADVP )NP (S (VP to (VP (VP take off (NP their clothes )NP )VP and (VP run (PP around (NP the *UNK )NP )PP (ADVP *UNKED )ADVP )VP )VP )VP )S , (S (VP (VP *UNKING (PP at (NP them )NP )PP )VP and (ADVP then )ADVP (VP *UNKING (PP to (NP his office )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S `` (S (NP People )NP (VP started (VP wondering (SBAR if (S (NP something )NP (VP was (ADJP wrong (PP with (NP him )NP )PP )ADJP )VP )S )SBAR )VP )VP )S , '' (NP Mr. *UNKC )NP (VP recalls )VP . )S  STOP
(S But (PP through (NP this period )NP )PP , (ADVP (ADVP so far )ADVP (SBAR as (S (NP the U.S. military )NP (VP was (VP concerned )VP )VP )S )SBAR )ADVP , (NP Mr. Noriega )NP (VP was (NP a model *UNK )NP )VP . )S  STOP
(S (NP He )NP (VP signed (PRT up )PRT (PP for (NP (NP intelligence and *UNK- training )NP (PP under (NP American officers )NP )PP (PP at (NP (NP Fort *UNKC )NP (PP in (NP Panama )NP )PP )NP )PP )NP )PP (PP in (NP July 1967 )NP )PP , (PP according (PP to (NP (NP a copy )NP (PP of (NP (NP a 1983 resume )NP (PP with (NP (NP details )NP (SBAR (S (NP Mr. Noriega )NP (VP has (ADVP since )ADVP (VP classified (PP as (ADJP secret )ADJP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP He )NP (VP flew (PP to (NP (NP Fort *UNKC )NP , (NP N.C. )NP , )NP )PP (PP in (NP (NP September )NP (PP of (NP that year )NP )PP )NP )PP (PP for (NP (NP a course )NP (PP in (NP psychological operations )NP )PP )NP )PP , (S (VP returning (PP to (NP (NP the School )NP (PP of (NP the *UNKC )NP )PP (PP in (NP Panama )NP )PP )NP )PP (PP for (NP (NP a *UNK- course )NP (VP called (S `` (NP (NP military intelligence )NP (PP for (NP officers )NP )PP )NP )S )VP )NP )PP )VP )S )VP . '' )S  STOP
(S (S (NP Some American officers )NP (VP interpreted (NP his eagerness and *UNK )NP (PP as (NP (NP a sign )NP (PP of (NP loyalty )NP )PP )NP )PP )VP )S , but (S (NP they )NP (VP did (ADVP so )ADVP (ADVP *UNKLY )ADVP )VP )S . )S  STOP
(S (NP He )NP (VP rose (PP to (NP (NP chief )NP (PP of (NP intelligence )NP )PP (PP in (NP (NP Panama 's )NP *UNKED *UNKC )NP )PP )NP )PP (PP in (NP 1970 )NP )PP (PP after (S (VP providing (NP *UNK dictator (NP *UNKC )NP )NP (NP the critical support (S (VP to (VP defeat (NP (NP a coup attempt )NP (PP against (NP him )NP )PP (ADVP (NP a year )NP earlier )ADVP )NP )VP )VP )S )NP )VP )S )PP )VP . )S  STOP
(S (NP He )NP (VP became (NP (NP (NP Gen. *UNKC 's )NP *UNK shadow )NP , and (NP (NP the holder )NP (PP of (NP (NP all Panama 's )NP secrets )NP )PP )NP )NP )VP . )S  STOP
(S (NP (NP Mr. Noriega )NP , (PP by (NP now )NP )PP (NP a *UNK *UNK )NP , )NP (VP expanded (S (NP his contacts )NP (VP to (VP include (NP (NP the *UNKC )NP -- (CONJP not to mention )CONJP (NP (NP the *UNKC )NP , (NP the *UNKC )NP and (NP (NP any other intelligence service )NP (SBAR (WHNP that )WHNP (S (VP came (VP knocking )VP )VP )S )SBAR )NP )NP )NP )VP )VP )S )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP U.S. *UNK )NP (VP complained (PP to (NP the CIA )NP )PP (PP of (NP (NP *UNKC Noriega 's )NP *UNKING )NP )PP )VP )S )SBAR , (NP intelligence experts )NP (ADVP always )ADVP (VP insisted (SBAR that (S (NP his *UNK )NP (VP was (PP (ADVP first )ADVP to (NP the Americans )NP )PP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (ADVP Early on (PP in (NP the State Department )NP )PP )ADVP , (NP we )NP (VP took (PP to (S (VP calling (NP him )NP (NP the *UNK- )NP )VP )S )PP )VP , (PP in (NP (NP *UNK )NP (PP to (NP his ability (S (VP to (VP (ADVP simultaneously )ADVP milk (NP (NP the *UNK intelligence services )NP (PP of (NP (NP Cuba )NP and (NP the United States )NP )NP )PP )NP )VP )VP )S )NP )PP )NP )PP )S , '' (VP recalls )VP (NP (NP Francis J. *UNKC )NP , (SBAR (WHNP who )WHNP , (S (PP as (NP (NP deputy assistant secretary )NP (PP of (NP state )NP )PP (PP for (NP *UNK- affairs )NP )PP )NP )PP , (ADVP first )ADVP (VP ran (PP across (NP (NP reports )NP (PP about (NP Mr. Noriega )NP )PP )NP )PP (PP in (NP 1977 )NP )PP )VP )S )SBAR )NP . )SINV  STOP
(S `` (NP (NP Some )NP (PP of (NP us )NP )PP )NP (VP *UNKED (SBAR (WHADVP how )WHADVP (S (NP our intelligence people )NP (VP could (VP put (NP so much stock )NP (PP in (NP his information )NP )PP (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP was (ADJP (ADJP just as close )ADJP (PP to (NP the *UNKC )NP )PP )ADJP )VP )S )SBAR )VP )VP )S )SBAR )VP . '' )S  STOP
(S (PP (ADVP Even )ADVP at (NP this early stage )NP )PP , (NP drugs )NP (VP caused (NP additional concerns )NP )VP . )S  STOP
(S (PP During (NP the Nixon administration )NP )PP , (NP the Drug Enforcement Administration )NP (VP became (VP *UNKED (PP at (NP (NP the extent )NP (PP of (NP (NP (NP the *UNKC 's )NP *UNK )NP (PP to (NP arrested drug *UNK )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP One *UNKC agent )NP (VP drew (PRT up )PRT (NP (NP a list )NP (PP of (NP (NP (NP five options )NP (PP for (S (VP dealing (PP with (NP Col. Noriega )NP )PP )VP )S )PP )NP , (SBAR (WHNP one (WHPP of (WHNP which )WHNP )WHPP )WHNP (S (VP was (NP assassination )NP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP (NP (NP The head )NP (PP of (NP the *UNKC )NP )PP (PP at (NP the time )NP )PP )NP , (NP John Ingersoll )NP , )NP (VP *UNKED (NP the assassination plan )NP )VP . )S  STOP
(S But (NP he )NP (VP did (VP fly (PP to (NP Panama )NP )PP (S (VP to (VP *UNK (NP dictator *UNKC )NP (PP on (NP (NP the drug ties )NP (PP of (NP (NP Panamanian officials )NP , (PP including (NP Mr. Noriega )NP )PP )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP Mr. Ingersoll )NP (ADVP later )ADVP (VP recalled (SBAR that (S (NP Gen. Torrijos )NP (VP seemed (ADJP afraid (S (VP to (VP act (PP on (NP (NP the concerns )NP (PP of (NP the U.S. )NP )PP )NP )PP )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP Everybody )NP (VP was (ADJP afraid (PP of (NP him )NP )PP )ADJP )VP )S , '' (NP Mr. Ingersoll )NP (VP says )VP . )S  STOP
(S (NP Mr. Noriega )NP (VP became (NP an (ADJP even greater )ADJP threat )NP (PP in (NP (NP 1976 )NP , (SBAR (WHADVP when )WHADVP (S (NP U.S. intelligence services )NP (VP discovered (SBAR that (S (NP he )NP (VP had (VP been (VP buying (NP (NP *UNK )NP (PP of (NP (ADJP *UNKLY monitored )ADJP conversations )NP )PP )NP (PP from (NP (NP three *UNK )NP (VP working (PP for (NP (NP the U.S. Army 's )NP *UNK *UNKC Intelligence Group )NP )PP )VP )NP )PP )VP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The tapes )NP (VP included (NP (NP *UNK )NP (PP of (NP (NP Gen. Torrijos 's )NP own phone )NP )PP )NP , (PP according (PP to (NP American intelligence officials )NP )PP )PP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP caught (NP him )NP (PP with (NP (NP his hands )NP (PP on (NP our *UNK *UNK )NP )PP )NP )PP )VP )S , '' (VP says )VP (NP former CIA Director *UNKC Turner )NP . )SINV  STOP
(S (S (S (PP For (NP the first time )NP )PP , (NP the U.S. )NP (VP considered (VP cutting (NP Mr. Noriega )NP (PP from (NP its intelligence payroll )NP )PP )VP )VP )S -- and (S (NP the *UNK )NP (VP were (ADJP intense )ADJP )VP )S )S , (NP Mr. Turner )NP (VP says )VP . )S  STOP
(S `` (PP In (NP (NP the world )NP (PP of (NP intelligence )NP )PP )NP )PP , (SBAR if (S (NP you )NP (VP want (S (VP to (VP get (NP information )NP )VP )VP )S )VP )S )SBAR , (NP you )NP (VP get (NP it )NP (PP from (NP *UNK characters )NP )PP )VP . )S  STOP
(S (NP The question )NP (VP is (SBAR (WHADVP how much )WHADVP (S (NP you )NP (VP get (S (VP tied (PRT in )PRT (PP with (NP *UNK characters )NP )PP (SBAR so (S (NP they )NP (VP can (VP *UNK (NP you )NP )VP )VP )S )SBAR )VP )S )VP )S )SBAR )VP . '' )S  STOP
(S (NP Intelligence officials )NP (PP to (NP this day )NP )PP (VP worry (SBAR whether (S (NP Mr. Noriega )NP (VP sold (NP (NP sensitive information )NP (PP on (NP the *UNK )NP )PP )NP (PP to (NP (NP the *UNKC )NP or (NP others )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Turner )NP (VP was (VP troubled (ADVP enough (S (VP to (VP cancel (NP (NP the U.S. contract )NP (PP with (NP the *UNK- )NP )PP )NP (PP at (NP (NP the beginning )NP (PP of (NP the Carter administration )NP )PP )NP )PP )VP )VP )S )ADVP )VP )VP . )S  STOP
(S (NP The U.S. )NP (ADVP soon )ADVP (VP found (NP (NP (NP new cause )NP (PP for (NP concern )NP )PP )NP : (NP *UNKING )NP )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP in (NP Southern Florida )NP )PP )NP (VP indicted (NP five *UNKC )NP (PP on (NP (NP charges )NP (PP of (S (VP (ADVP illegally )ADVP running (NP arms )NP (PP to (NP (NP Sandinista rebels )NP (VP trying (S (VP to (VP *UNK (NP (NP the Nicaraguan government )NP (PP of (NP Mr. *UNKC )NP )PP )NP )VP )VP )S )VP )NP )PP )VP )S )PP )NP )PP )VP . )S  STOP
(S (NP They )NP (VP included (NP (NP (NP one )NP (PP of (NP (NP (NP Mr. Noriega 's )NP *UNK friends and business partners )NP , (NP Carlos *UNKC )NP )NP )PP )NP )NP )VP . )S  STOP
(S And (NP the investigators )NP (VP were (ADVP quickly )ADVP (VP closing (PRT in )PRT (PP on (NP (NP Mr. Noriega )NP (NP himself )NP )NP )PP )VP )VP . )S  STOP
(S (PP At (NP the time )NP )PP , (ADVP though )ADVP , (PP in (NP 1979 )NP )PP , (NP the U.S. )NP (VP was (ADVP once again )ADVP (VP *UNKING (PP with (NP its longtime Latin American spy )NP )PP )VP )VP . )S  STOP
(S (NP Mr. Noriega )NP (VP made (NP plans (S (VP to (VP fly (PP to (NP Washington )NP )PP (PP for (NP (NP a meeting )NP (PP with (NP (NP his counterpart )NP (PP at (NP the Pentagon )NP )PP )NP )PP )NP )PP )VP )VP )S )NP )VP . )S  STOP
(S (NP *UNKC County and federal authorities )NP , (S (VP learning (SBAR that (S (NP he )NP (VP intended (S (VP to (VP fly (PP through (NP Miami )NP )PP )VP )VP )S )VP )S )SBAR )VP )S , (VP made (NP plans (S (VP to (VP arrest (NP him )NP (PP on (NP the *UNKING charges )NP )PP (ADVP (ADVP as soon )ADVP (SBAR as (S (NP he )NP (VP hit (NP U.S. soil )NP )VP )S )SBAR )ADVP )VP )VP )S )NP )VP . )S  STOP
(S (NP It )NP (VP was (NP (NP a Friday )NP (PP in (NP June )NP )PP )NP )VP . )S  STOP
(S (NP The Pentagon )NP (VP *UNKED (NP the plan )NP )VP . )S  STOP
(S (PP According (PP to (NP (NP military officers )NP (PP at (NP the time )NP )PP )NP )PP )PP , (NP word )NP (VP was (VP passed (PP to (NP Mr. Noriega )NP )PP (PP by (NP his American hosts )NP )PP (SBAR that (S (NP the police )NP (VP would (VP be (VP waiting )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP On (NP Monday )NP )PP , (NP U.S. officials )NP (VP received (NP a (ADJP routine , *UNKED )ADJP message )NP (PP from (NP (NP the military group *UNK )NP (PP in (NP Panama )NP )PP )NP )PP )VP . )S  STOP
(S `` (S (PP *UNKC to (NP health reasons )NP )PP , (NP *UNKC Col. Noriega )NP (VP has (VP elected (S (VP to (VP postpone (NP (NP his visit )NP (PP to (NP Washington )NP )PP )NP )VP )VP )S )VP )VP )S , '' (NP it )NP (VP read )VP . )S  STOP
(S (NP (NP Prosecutors )NP (PP in (NP Miami )NP )PP )NP (VP received (NP yet another setback )NP )VP . )S  STOP
(S (NP (NP Their original indictment )NP (PP against (NP (NP (NP Mr. *UNKC )NP , (NP (NP the friend )NP (PP of (NP Mr. Noriega )NP )PP )NP )NP , and (NP the other four )NP )NP )PP )NP (VP was (VP dismissed (PP on (NP a *UNK )NP )PP )VP )VP . )S  STOP
(S But (ADVP now )ADVP , (ADVP along (PP with (S (VP *UNKING (NP (NP Mr. Noriega 's )NP *UNK )NP )VP )S )PP )ADVP , (NP they )NP (VP intended (S (VP to (VP charge (NP (NP Mr. Noriega )NP (NP himself )NP )NP , (PP on (NP allegations (SBAR that (S (NP he )NP (VP was (VP involved (PP in (NP (NP the illegal trading )NP (PP of (NP (NP (QP some $ 2 million )QP )NP (PP in (NP arms )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP In (NP January 1980 )NP )PP , (NP *UNKC Sanford )NP , (PP as (NP assistant U.S. attorney )NP )PP , (VP was (VP summoned (PP to (NP (NP a meeting )NP (PP with (NP (NP (NP a Federal Bureau )NP (PP of (NP Investigation )NP )PP agent )NP (VP assigned (PP to (NP (NP the Bureau )NP (PP of (NP *UNKC , *UNKC and *UNKC )NP )PP (PP in (NP Miami )NP )PP )NP )PP )VP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Panamanian dictator (NP Torrijos )NP )NP (PRN , (S (NP he )NP (VP was (VP told )VP )VP )S , )PRN (VP had (VP granted (NP (NP the *UNK )NP (PP of (NP Iran )NP )PP )NP (NP (NP *UNK )NP (PP in (NP Panama )NP )PP )NP (PP as (NP (NP a favor )NP (PP to (NP Washington )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Mr. Sanford )NP (VP was (VP told (SBAR (S (NP (NP (NP Mr. Noriega 's )NP friend )NP , (NP Mr. *UNKC )NP , )NP (VP would (VP be (VP handling (NP (NP the *UNK 's )NP security )NP )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP (NP It )NP )NP (VP would n't (VP be (NP a good idea )NP (S to (VP (VP *UNK (NP him )NP )VP -- (VP (ADVP much less )ADVP (NP Mr. Noriega )NP )VP )VP )S )VP )VP )S , (NP the prosecutor )NP (VP was (VP told )VP )VP . )S  STOP
(S (PP After (NP (NP *UNKING )NP (PP from (NP Mr. Sanford )NP )PP )NP )PP , (NP U.S. Attorney Jack *UNKC )NP (VP pleaded (PP with (NP (NP Justice Department officials )NP (PP in (NP Washington )NP )PP )NP )PP (S (VP to (VP let (S (NP the indictment )NP (VP proceed )VP )S )VP )VP )S )VP . )S  STOP
(S `` (ADVP Unfortunately )ADVP (PRN , '' (S (NP Mr. *UNKC )NP (VP wrote (PP in (NP a letter )NP )PP )VP )S , )PRN `` (NP (NP those )NP (PP of (NP us )NP )PP (PP in (NP (NP law enforcement )NP (PP in (NP Miami )NP )PP )NP )PP )NP (VP find (S (NP ourselves )NP (VP (VP (ADVP frequently )ADVP attempting (S (VP to (VP enforce (NP (NP the laws )NP (PP of (NP the United States )NP )PP )NP )VP )VP )S )VP but (VP (ADVP simultaneously )ADVP being (VP caught (PP between (NP (NP foreign policy considerations )NP (SBAR (WHPP over (WHNP which )WHNP )WHPP (S (NP we )NP (VP have (NP (NP no control )NP )NP )VP )S )SBAR )NP )PP )VP )VP )VP )S )VP . '' )S  STOP
(S (NP The letter )NP , (ADVP along (PP with (NP a detailed prosecution memo )NP )PP )ADVP , (VP sat (PP on (NP (NP the desks )NP (PP of (NP Justice officials )NP )PP )NP )PP (PP for (NP months )NP )PP (SBAR before (S (NP the case )NP (VP died (NP a quiet death )NP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP I )NP (VP think (SBAR (S (SBAR if (S (NP we )NP (VP had (VP been (VP allowed (S (VP to (VP go (ADVP ahead )ADVP )VP )VP )S )VP )VP )VP )S )SBAR (ADVP then )ADVP (NP we )NP (VP would n't (VP have (NP (NP the problems )NP (SBAR (S (NP we )NP (VP have (ADVP now )ADVP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )S , '' (NP Mr. Sanford )NP (VP says )VP . )S  STOP
(S `` (SBAR If (S (NP he )NP (VP had (VP been (VP found (S (ADJP guilty )ADJP )S )VP )VP )VP )S )SBAR , (NP we )NP (VP could (VP have (VP stopped (NP him )NP )VP )VP )VP . '' )S  STOP
(S (PP In (NP August 1983 )NP )PP , (NP Mr. Noriega )NP (VP took (PRT over )PRT (PP as (NP (NP (NP General )NP )NP and (NP (NP *UNK- dictator )NP )NP (PP of (NP Panama )NP )PP )NP )PP , (S (VP having (VP *UNKED (NP his way )NP (PP to (NP the top )NP )PP (PP (NP only two years )NP after (NP (NP the *UNK death )NP (PP in (NP a plane crash )NP )PP (PP of (NP his old boss *UNKC Torrijos )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (ADVP Soon )ADVP , (NP the military )NP (VP became (NP (NP a *UNK *UNK )NP (VP controlling (NP legal and illegal businesses )NP )VP )NP )VP . )S  STOP
(S (NP The Reagan administration )NP (ADVP also )ADVP (VP put (NP (NP Mr. Noriega 's )NP *UNKC )NP (ADVP back (PP on (NP the U.S. payroll )NP )PP )ADVP )VP . )S  STOP
(S (NP (NP *UNKC )NP )NP (VP averaged (NP (NP (QP nearly $ 200,000 )QP )NP (NP a year )NP )NP (PP from (NP (NP the U.S. Defense Intelligence Agency )NP and (NP the CIA )NP )NP )PP )VP . )S  STOP
(S (SBAR Although (S (VP working (PP for (NP U.S. intelligence )NP )PP )VP )S )SBAR , (NP Mr. Noriega )NP (VP was (VP (ADVP hardly )ADVP helping (NP the U.S. )NP (ADVP exclusively )ADVP )VP )VP . )S  STOP
(S (PP During (NP the Reagan years )NP )PP (NP he )NP (VP expanded (NP (NP his business and intelligence contacts )NP (PP with (NP (NP the *UNKC )NP and (NP the Sandinistas )NP )NP )PP )NP )VP . )S  STOP
(S (NP He )NP (ADVP allegedly )ADVP (VP entered (PP into (NP (NP (NP Panama 's )NP first formal business arrangement )NP (PP with (NP Colombian drug bosses )NP )PP )NP )PP , (PP according (PP to (NP (NP *UNKC *UNKC )NP , (NP (NP a pilot )NP (SBAR (SBAR (WHNP who )WHNP (S (ADVP once )ADVP (VP worked (PP for (NP Mr. Noriega )NP )PP )VP )S )SBAR and (SBAR (WHNP who )WHNP (S (VP testified (PP before (NP (NP the U.S. grand jury )NP (PP in (NP Miami )NP )PP (SBAR (WHNP that )WHNP (S (VP would (ADVP ultimately )ADVP (VP *UNK (NP the Panamanian )NP (PP on (NP drug charges )NP )PP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )SBAR )NP )NP )PP )PP )VP . )S  STOP
(S But (NP Mr. Noriega )NP (VP was (VP convinced (SBAR (S (NP the Reagan White House )NP (VP would n't (VP act (PP against (NP him )NP )PP )VP )VP )S )SBAR )VP )VP (PRN , (SINV (VP recalls )VP (NP (NP his close ally )NP (NP Jose *UNKC )NP )NP )SINV , )PRN (SBAR because (S (NP he )NP (VP had (NP (NP an insurance policy )NP : (NP (NP his involvement )NP (PP with (NP (NP the Contra rebels )NP (PP in (NP Nicaragua )NP )PP )NP )PP )NP )NP )VP )S )SBAR . )S  STOP
(S (NP Mr. *UNKC )NP (VP says (SBAR (S (NP the general )NP (VP allowed (S (NP the Contras )NP (VP to (VP set (PRT up )PRT (NP a secret training center )NP (PP in (NP Panama )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Noriega )NP (ADVP also )ADVP (VP *UNKED (NP (NP intelligence )NP (PP from (NP (NP his spy operation )NP (PP inside (NP (NP the Nicaraguan capital )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S And (PP on (NP (QP at least one )QP *UNK )NP )PP , (PP in (NP (NP the spring )NP (PP of (NP 1985 )NP )PP )NP )PP , (NP he )NP (VP helped (VP arrange (NP (NP a *UNK attack )NP (PP on (NP (NP a Sandinista *UNK )NP (PP in (NP Nicaragua )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(SINV (S (SBAR Although , (S (NP (NP his help )NP (PP for (NP the Contra cause )NP )PP )NP (VP was (VP limited )VP )VP )S )SBAR , (NP it )NP (VP was (ADJP enough (S (VP to (VP win (NP him )NP (NP (NP important *UNK )NP (PP in (NP the Reagan administration )NP )PP )NP )VP )VP )S )ADJP )VP , )S (VP says )VP (NP (NP Sen. Patrick *UNKC )NP , (NP (NP a Vermont Democrat )NP (SBAR (WHNP who )WHNP (S (ADVP then )ADVP (VP served (PP on (NP the Senate Intelligence Committee )NP )PP )VP )S )SBAR )NP )NP . )SINV  STOP
(S `` (S (NP Noriega )NP (VP played (NP (NP U.S. intelligence agencies )NP and (NP the U.S. government )NP )NP (PP like (NP a *UNK )NP )PP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP (NP An incident )NP (PP in (NP 1984 )NP )PP )NP (VP suggested (NP (NP one additional means )NP (SBAR (WHPP by (WHNP which )WHNP )WHPP (S (NP Mr. Noriega )NP (VP might (VP have (VP maintained (NP (NP such influence )NP (PP with (NP Washington )NP )PP )NP )VP )VP )VP )S )SBAR -- (PP by (S (VP *UNKING (NP U.S. officials )NP )VP )S )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (ADVP then )ADVP (NP (NP the *UNK )NP (PP to (NP Costa Rica )NP )PP )NP , )NP (VP recalls (S (VP being (VP invited (PP to (NP Panama )NP )PP (PP by (NP (NP (NP Mr. Noriega 's )NP brother )NP (NP *UNKC Carlos )NP )NP )PP (PP for (NP (NP a weekend )NP (PP of (NP (NP deep sea fishing )NP and (NP `` (NP quiet , serious conversation )NP '' (PP on (NP the *UNKC *UNKC )NP )PP )NP )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP notified (NP (NP *UNKC E. *UNKC )NP , (NP (NP the U.S. ambassador )NP (PP to (NP Panama )NP )PP )NP , )NP (PP of (NP the invitation )NP )PP )VP . )S  STOP
(S `` (S (NP *UNKC )NP (VP *UNKED )VP )S , '' (NP Mr. *UNKC )NP (VP recalls )VP . )S  STOP
(S (NP He )NP (VP says (SBAR (S (NP Mr. *UNKC )NP (VP told (NP him )NP (SBAR (S (NP he )NP (VP was (VP being (VP set (PRT up )PRT (PP for (NP (NP a `` *UNK *UNK )NP , '' (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP Mr. Noriega )NP (VP would (VP try (S (VP to (VP (VP involve (NP him )NP (PP in (NP an *UNK )NP )PP )VP and (VP (ADVP then )ADVP record (NP the event )NP `` (PP with (NP sound and video )NP )PP )VP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP Mr. *UNKC )NP , (PP on (NP *UNK )NP )PP (PP after (S (VP resigning (NP (NP his position )NP (PP at (NP the National Security Council )NP )PP )NP )VP )S )PP , )NP (VP could n't (VP be (VP reached (PP for (NP comment )NP )PP )VP )VP )VP . )S  STOP
(SINV (SBAR As (S (NP (NP Mr. Noriega 's )NP political troubles )NP (VP grew )VP )S )SBAR , (ADVP so )ADVP did (NP (NP (NP his offers )NP (PP of (NP assistance )NP )PP (PP to (NP the Contras )NP )PP )NP , (NP an apparent attempt (S (VP to (VP *UNK (NP more favor )NP (PP in (NP Washington )NP )PP )VP )VP )S )NP )NP . )SINV  STOP
(S (PP For (NP instance )NP )PP , (NP he )NP (VP helped (VP steal (NP the May 1984 Panamanian elections )NP (PP for (NP the ruling party )NP )PP )VP )VP . )S  STOP
(S But (ADVP (NP just one month )NP later )ADVP , (NP he )NP (ADVP also )ADVP (VP contributed (NP $ 100,000 )NP (PP to (NP a Contra leader )NP )PP , (PP according (PP to (NP (NP documents )NP (VP released (PP for (NP (NP (NP Oliver North 's )NP criminal trial )NP (PP in (NP (NP Washington )NP , (NP *UNKC )NP )NP )PP )NP )PP )VP )NP )PP )PP )VP . )S  STOP
(S (ADVP Yet )ADVP , (NP his political setbacks )NP (VP mounted )VP . )S  STOP
(S (NP Mr. Noriega )NP (VP was (VP accused (PP of (S (VP ordering (PP in (NP 1985 )NP )PP (NP (NP the *UNKING )NP (PP of (NP (NP Hugo *UNKC )NP , (NP (NP his (ADJP most *UNK )ADJP political opponent )NP and (NP (NP the first man )NP (SBAR (S (VP to (VP (ADVP publicly )ADVP finger (NP Mr. Noriega )NP (PP on (NP drug *UNKING charges )NP )PP )VP )VP )S )SBAR )NP )NP )NP )PP )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP He )NP (ADVP then )ADVP (VP ousted (NP (NP President Nicholas *UNKC *UNKC )NP , (NP (NP a former World Bank official )NP (PP with (NP (NP close ties )NP (PP to (NP the U.S. )NP )PP )NP )PP )NP )NP , (SBAR after (S (NP Mr. *UNKC )NP (VP tried (S (VP to (VP create (NP a commission (S (VP to (VP investigate (NP the murder )NP )VP )VP )S )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S And , (NP all the while )NP , (NP (NP Panama 's )NP debt problems )NP (VP continued (S (VP to (VP grow )VP )VP )S )VP . )S  STOP
(S (NP Mr. Noriega )NP (VP was (VP growing (ADJP desperate )ADJP )VP )VP . )S  STOP
(S (PP In (NP late 1986 )NP )PP , (NP he )NP (VP made (NP (NP an offer )NP (SBAR (S (NP he )NP (VP thought (SBAR (S (NP the U.S. )NP (VP could n't (VP refuse )VP )VP )S )SBAR )VP )S )SBAR )NP )VP . )S  STOP
(S (SBAR As (S (VP *UNKED (PP in (NP (NP a *UNK )NP (SBAR (WHNP that )WHNP (S (VP *UNKED (NP (NP government documents )NP (VP released (PP for (NP the North trial )NP )PP )VP )NP )VP )S )SBAR )NP )PP )VP )S )SBAR , (NP Mr. Noriega )NP (VP offered (S (VP to (VP *UNK (NP the Sandinista leadership )NP )VP )VP )S (PP in (NP (NP exchange )NP `` (PP for (NP (NP a promise (S (VP to (VP help (S (VP clean (PRT up )PRT (NP (NP Noriega 's )NP image )NP )VP )S )VP )VP )S )NP and (NP a commitment (S (VP to (VP lift (NP (NP the -LCB- U.S. . -RCB- ban )NP (PP on (NP (NP military sales )NP (PP to (NP the Panamanian Defense *UNKC )NP )PP )NP )PP )NP )VP )VP )S )NP )NP )PP )NP )PP )VP . '' )S  STOP
(S `` (NP North )NP , '' (S (NP the document )NP (VP went (ADVP on )ADVP , (S (VP referring (PP to (NP Oliver North )NP )PP )VP )S )VP )S , `` (VP has (VP told (NP (NP Noriega 's )NP representative )NP (SBAR that (S (NP U.S. law )NP (VP *UNK (NP such actions )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The representative )NP (VP responded (SBAR that (S (NP Noriega )NP (VP (VP had (NP numerous assets )NP (PP in (NP place )NP )PP (PP in (NP Nicaragua )NP )PP )VP and (VP could (VP accomplish (NP many essential things )NP )VP )VP , (SBAR (ADVP just )ADVP as (S (NP Noriega )NP (VP had (VP helped -LCB- (NP the U.S. )NP . -RCB- (NP the previous year )NP (PP in (S (VP *UNKING (PRT up )PRT (NP a Sandinista *UNK )NP )VP )S )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (NP Col. North )NP (VP *UNKED (NP the request )NP (PP (PP to (NP his *UNK )NP )PP and (PP to (NP (NP (NAC Assistant Secretary (PP of (NP State )NP )PP )NAC *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP *UNKED (NP it )NP (PP to (NP (NAC Secretary (PP of (NP State )NP )PP )NAC George *UNKC )NP )PP )VP )S )SBAR )NP )PP )PP )VP . )S  STOP
(S (NP (NP Mr. Noriega 's )NP proposal )NP (VP was (VP turned (PRT down )PRT )VP )VP . )S  STOP
(S And (NP Mr. *UNKC )NP (VP (ADVP *UNKLY )ADVP told (NP Mr. *UNKC )NP (SBAR that (S (NP the general )NP (VP should (VP be (VP told (SBAR that (S (NP only he )NP (VP could (VP repair (NP his *UNKED image )NP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The end )NP (PP of (NP the marriage )NP )PP )NP (VP was (PP at (NP hand )NP )PP )VP . )S  STOP
(S (PP Within (NP weeks )NP )PP (NP the *UNKING Iran-Contra scandal )NP (VP took (ADVP away )ADVP (NP (NP Mr. Noriega 's )NP insurance policy )NP )VP . )S  STOP
(S (NP (NP The death )NP (PP of (NP CIA Director (NP William *UNKC )NP )NP )PP and (NP (NP resignation )NP (PP of (NP Oliver North )NP )PP )NP )NP (VP allowed (S (NP *UNK- political forces )NP (VP to (VP gain (NP influence )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP Public protests )NP (PP against (NP him )NP )PP )NP (VP were (VP triggered (PP in (NP June 1987 )NP )PP (PP due to (NP (NP charges )NP (PP by (NP (NP *UNKC *UNKC )NP , (NP (NP his former chief )NP (PP of (NP staff )NP )PP )NP , )NP )PP (SBAR that (S (NP Mr. Noriega )NP (VP (VP had (VP stolen (NP the 1984 election )NP )VP )VP and (VP had (VP ordered (NP (NP the killing )NP (PP of (NP Messrs. *UNKC and Torrijos )NP )PP )NP )VP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP Few American officials )NP (VP were (VP willing (ADVP any longer )ADVP (S (VP to (VP defend (NP him )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Lawyers )NP (PP in (NP Miami )NP )PP )NP (PRN -- (S (NP this time )NP (VP working (PP (ADVP virtually )ADVP without (NP *UNK )NP )PP )VP )S -- )PRN (VP prepared (S (VP to (VP have (S (NP him )NP (VP indicted (PP on (NP drug charges )NP )PP )VP )S )VP )VP )S (PP in (NP February 1988 )NP )PP )VP . )S  STOP
(S (PP During (NP (NP negotiations )NP (PP with (NP American officials )NP )PP (PP in (NP May 1988 )NP )PP (PP over (NP proposals (S (VP to (VP drop (NP the U.S. *UNK )NP (PP in (NP (NP exchange )NP (PP for (NP his resignation )NP )PP )NP )PP )VP )VP )S )NP )PP )NP )PP , (NP Mr. Noriega )NP (ADVP often )ADVP (VP asked (ADVP almost *UNKLY )ADVP (SBAR (WHADVP how )WHADVP (S (NP (NP the Americans )NP , (SBAR (WHNP whom )WHNP (S (NP he )NP (VP had (VP helped (PP for (NP (ADJP so many )ADJP years )NP )PP )VP )VP )S )SBAR , )NP (VP could (VP turn (PP against (NP him )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Now )ADVP , (NP (NP neither side )NP (PRN -- (NP (NP the U.S. )NP nor (NP Mr. Noriega )NP )NP -- )PRN )NP (VP has (NP an easy out )NP )VP . )S  STOP
(S (NP President Bush )NP (VP has (VP *UNK (S (VP to (VP bring (NP him )NP (PP to (NP justice )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP Mr. Noriega )NP (VP believes (SBAR (S (NP he )NP (VP has n't (NP (NP any alternative )NP but (S (VP to (VP continue (VP *UNKING (PP to (NP power )NP )PP )VP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP is (NP (NP a *UNK- battle )NP (PRN -- perhaps (PP to (NP the death )NP )PP )PRN )NP )VP . )S  STOP
(SQ (PP In (NP the end )NP )PP , is (NP Mr. Noriega )NP (NP (NP the political equivalent )NP (PP of (NP (NP *UNKC 's )NP *UNK )NP )PP , (VP created (PP by (NP a *UNKED but *UNKED foreign power )NP )PP )VP )NP ? )SQ  STOP
(S (FRAG (ADVP Not quite )ADVP )FRAG , (NP Sen. *UNKC )NP (VP contends )VP . )S  STOP
(S `` (PP For (NP short-term gains )NP )PP , (NP people )NP (VP were (ADJP willing (S (VP to (VP put (PRT up )PRT (PP with (NP him )NP )PP )VP )VP )S )ADJP )VP . )S  STOP
(S (S (NP That )NP (VP allowed (S (NP him )NP (VP to (VP get (ADJP stronger and stronger )ADJP )VP )VP )S )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (NP I )NP (VP do n't (VP think (SBAR (S (NP we )NP (VP created (NP him )NP (ADVP (ADVP as much )ADVP (SBAR as (S (NP we )NP (VP (VP fed (NP him )NP )VP , (VP *UNKED (NP him )NP )VP and (VP let (S (NP him )NP (VP grow up (S (VP to (VP be (ADJP big and strong )ADJP )VP )VP )S )VP )S )VP )VP )S )SBAR )ADVP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP *UNKC Co. )NP (VP reported (SBAR that (S (NP third-quarter net income )NP (VP rose (PP to (NP (NP (QP $ 96 million )QP )NP , or (NP (NP 52 cents )NP (NP a share )NP )NP )NP )PP , (PP from (NP (QP $ *UNKN million )QP )NP , or (NP (NP 49 cents )NP (NP a share )NP )NP , (ADVP (NP a year )NP earlier )ADVP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Yesterday 's )NP edition )NP (VP provided (NP (NP (NP analysts ' )NP estimates )NP (PP for (NP the company )NP )PP )NP (SBAR (WHADVP when )WHADVP (S (NP actual earnings )NP (VP were (ADJP available )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP Industrial production )NP (VP declined (NP 0.1 % )NP (PP in (NP September )NP )PP , (S (VP *UNKING (NP other signs (SBAR that (S (NP the manufacturing sector )NP (VP continues (NP its slowing trend )NP )VP )S )SBAR )NP )VP )S )VP . )S  STOP
(S (NP The Federal Reserve Board )NP (VP said (SBAR (S (NP (NP output )NP (PP of (NP (NP the nation 's )NP factories , mines and utilities )NP )PP )NP (VP expanded (PP at (NP (NP an annual rate )NP (PP of (NP 1.3 % )NP )PP (PP in (NP the third quarter )NP )PP , (ADJP (ADJP substantially slower )ADJP (PP than (NP (NP the (ADJP 3.3 % )ADJP annual rate )NP (PP in (NP the second quarter )NP )PP )NP )PP )ADJP )NP )PP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP (NP Capital spending and exports )NP , (SBAR (WHNP which )WHNP (S (VP have (VP been (NP (NP the driving force )NP (PP in (NP this expansion )NP )PP )NP )VP )VP )S )SBAR , )NP (VP are (VP showing (NP (NP clear signs )NP (PP of (S (VP having (S (NP the steam )NP (VP taken (ADVP out (PP of (NP them )NP )PP )ADVP )VP )S )VP )S )PP )NP )VP )VP )S , '' (VP said )VP (NP (NP Robert *UNKC )NP , (NP (NP economist )NP (PP for (NP (NP Northern Trust Co. )NP (PP in (NP Chicago )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP (NP The new reports )NP (PP of (NP *UNK )NP )PP )NP , (SBAR (WHNP which )WHNP (S (VP were (VP *UNKED (PP by (NP (NP an earlier Labor Department report )NP (SBAR that (S (NP manufacturing *UNK )NP (VP dropped (PP by (NP *UNKN )NP )PP (PP in (NP September )NP )PP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP , (VP give (NP the Fed )NP (NP another reason (S (VP to (VP (ADVP further )ADVP (VP ease (NP (NP its grip )NP (PP on (NP credit )NP )PP )NP )VP and (VP lower (NP interest rates )NP )VP )VP )VP )S )NP )VP . )S  STOP
(SINV `` (S (NP They )NP (VP need (S (VP to (VP do (NP something )NP (PP about (NP this )NP )PP )VP )VP )S )VP )S , '' (VP said )VP (NP (NP *UNKC Harris )NP , (NP (NP economist )NP (PP at (NP PaineWebber Group Inc )NP )PP )NP )NP . )SINV  STOP
(S (NP The Fed )NP (ADVP also )ADVP (VP said (SBAR (S (NP U.S. industry )NP (VP operated (PP at (NP *UNKN % )NP (PP of (NP capacity )NP )PP (NP last month )NP )PP , (ADVP down (PP from (NP *UNKN % )NP (PP in (NP August )NP )PP )PP )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP manufacturing activity )NP )PP )NP (VP fell (ADVP (ADVP more )ADVP (PP than (NP the overall measures )NP )PP )ADVP )VP . )S  STOP
(S (NP *UNKC output )NP (VP (VP dropped (NP 0.2 % )NP )VP , (NP (NP its first decline )NP (PP since (NP February )NP )PP )NP , (SBAR after (S (VP having (VP been (ADJP unchanged )ADJP (PP in (NP October )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP operated (PP at (NP (NP (NP *UNKN % )NP (PP of (NP capacity )NP )PP )NP , (UCP (NP (NP the lowest rate )NP (PP in (NP (QP more than a )QP year )NP )PP )NP and (ADVP down (PP from (NP *UNKN % )NP (PP in (NP September )NP )PP )PP )ADVP )UCP )NP )PP )VP . )S  STOP
(S (NP The declines )NP (ADVP mainly )ADVP (VP reflected (NP (NP widespread weakness )NP (PP in (NP (NP durable goods )NP , (NP (NP those )NP (VP intended (S (VP to (VP last (NP (QP more than three )QP years )NP )VP )VP )S )VP )NP )NP )PP )NP )VP . )S  STOP
(S (NP The biggest drop )NP (VP was (VP recorded (PP by (NP (NP primary metals producers )NP , (NP (NP a category )NP (SBAR (WHNP that )WHNP (S (VP includes (NP the steel industry )NP )VP )S )SBAR )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP business equipment )NP )PP )NP (VP was (ADJP unchanged )ADJP (PP in (NP September )NP )PP )VP . )S  STOP
(S (NP (NP (NP Production )NP (PP of (NP factory equipment )NP )PP )NP , (NP (NP one indication )NP (PP of (NP (NP the strength )NP (PP of (NP (NP manufacturers ' )NP investment spending )NP )PP )NP )PP )NP , )NP (VP fell (NP 0.3 % )NP )VP . )S  STOP
(S (NP Some economists )NP (VP expect (NP (NP further declines )NP (PP in (NP investment spending )NP )PP )NP )VP . )S  STOP
(S `` (S (SBAR (WHADVP *UNKC )WHADVP (S (NP corporate profits )NP (VP are (ADJP weak )ADJP )VP )S )SBAR (NP that )NP (VP means (SBAR (S (NP capital spending )NP (VP is (VP going (S (VP to (VP *UNK (ADVP subsequently )ADVP )VP )VP )S )VP )VP )S )SBAR )VP )S , '' (NP Mr. Harris )NP (VP said )VP . )S  STOP
(S `` (NP You )NP (VP have n't (VP seen (NP (NP the full effect )NP (PP of (NP that )NP )PP )NP (ADVP yet )ADVP )VP )VP . '' )S  STOP
(S (S (NP (NP A decline )NP (PP in (NP truck production )NP )PP )NP (VP (ADVP more than )ADVP offset (NP (NP a sharp rise )NP (PP in (NP auto *UNK )NP )PP )NP )VP )S , (NP the Fed )NP (VP noted )VP . )S  STOP
(S (NP Analysts )NP (VP do n't (VP expect (S (NP (NP the September surge )NP (PP in (NP auto production )NP )PP )NP (VP to (VP be (VP repeated (PP in (NP the coming months )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(SINV (NP Here )NP (VP is (NP (NP a *UNK )NP (PP of (NP (NP (NP the Federal Reserve Board 's )NP report )NP (PP on (NP (NP industrial production )NP (PP in (NP September )NP )PP )NP )PP )NP )PP )NP )VP . )SINV  STOP
(S (NP The figures )NP (VP are (ADVP seasonally )ADVP (VP adjusted )VP )VP . )S  STOP
(NP (NP *UNKN % )NP (PP of (NP the 1977 average )NP )PP . )NP  STOP
(S (NP (NP Robin *UNKC )NP , (NP (NP (NP president )NP and (NP chief executive officer )NP )NP (PP of (NP this bank holding company )NP )PP )NP , )NP (VP was (VP elected (PP to (NP (NP the additional posts )NP (PP of (NP (NP (NP chairman )NP , (NP president )NP and (NP chief executive )NP )NP (PP of (NP (NP the company 's )NP New England Savings Bank subsidiary )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP William R. *UNKC )NP (VP resigned (NP (NP those posts )NP , (CONJP as well as )CONJP (NP (NP a seat )NP (PP on (NP (NP *UNKC 's )NP board )NP )PP )NP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (ADVP also )ADVP (NP (NP the parent )NP (PP of (NP *UNKC )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP *UNKC mortality rates )NP (PP for (NP (NP people )NP (PP under (NP (NP 45 years )NP (PP of (NP age )NP )PP )NP )PP )NP )PP )NP (VP have (VP begun (S (VP to (VP decline )VP )VP )S )VP )VP )S , (NP federal researchers )NP (VP report )VP . )S  STOP
(S (NP The drop )NP (VP is (ADJP particularly large (PP for (NP white *UNK )NP )PP )ADJP , (SBAR although (S (NP (NP black males )NP and (NP white and black women )NP )NP (ADVP also )ADVP (VP show (NP lower mortality rates )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A report )NP (PP in (NP (NP (NP this week 's )NP issue )NP (PP of (NP (NP the Journal )NP (PP of (NP the National Cancer Institute )NP )PP )NP )PP )NP )PP )NP (ADVP also )ADVP (VP projects (SBAR that (S (NP (NP overall U.S. mortality rates )NP (PP from (NP (NP lung cancer )NP , (NP (NP the leading cause )NP (PP of (NP cancer death )NP )PP )NP )NP )PP )NP , (VP should (VP begin (S (VP to (VP drop )VP )VP )S (PP in (NP several years )NP )PP (SBAR if (S (NP cigarette smoking )NP (VP continues (S (VP to (VP *UNK )VP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The report )NP , (SBAR (WHNP which )WHNP (S (VP comes (SBAR (NP 25 years )NP after (S (NP the U.S. *UNKC General )NP (VP issued (NP (NP a report )NP (VP warning (PP against (NP (NP the *UNK )NP (PP of (NP smoking )NP )PP )NP )PP )VP )NP )VP )S )SBAR )VP )S )SBAR , )NP (VP is (NP (NP the strongest indication )NP (PP to (NP date )NP )PP (SBAR that (S (NP (NP the reduction )NP (PP in (NP smoking )NP )PP )NP (VP is (VP leading (PP to (NP (NP lower death rates )NP (PP from (NP lung cancer )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(SINV `` (S (NP (SBAR (WHNP What )WHNP (S (NP this )NP (VP is (VP saying )VP )VP )S )SBAR )NP (VP is (SBAR that (S (NP (NP the *UNK general 's )NP message )NP (VP is (VP having (NP an impact )NP )VP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP an *UNK )NP (PP at (NP (NP the Johns Hopkins School )NP (PP of (NP (NP *UNKC )NP and (NP Public Health )NP )NP )PP (PP in (NP Baltimore )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP The National Cancer Institute report )NP (VP compares (NP (NP mortality rates )NP (PP of (NP (NP two groups )NP (PP of (NP (NP people )NP (PP between (NP (NP the *UNK )NP (PP of (NP 35 and 44 )NP )PP )NP )PP )NP )PP (ADJP (NP a decade )NP apart )ADJP )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP The death rate )NP (PP from (NP (NP lung cancer )NP (PP of (NP (NP white males )NP (VP aged (NP (NP 35 )NP (PP to (NP 44 )NP )PP )NP )VP )NP )PP )NP )PP (PP in (NP the mid-1970s )NP )PP )NP (VP was (NP (NP 13.4 )NP (PP per (NP 100,000 )NP )PP )NP )VP )S , but (S (NP (NP the mortality rate )NP (PP of (NP the same age group )NP )PP (PP in (NP the mid-1980s )NP )PP )NP (VP was (NP (NP 9.6 )NP , (NP (NP a decline )NP (PP of (NP *UNKN % )NP )PP )NP )NP )VP )S . )S  STOP
(S (S (VP *UNKED (NP the same way )NP )VP )S , (NP (NP the decline )NP (PP for (NP black males )NP )PP )NP (VP was (NP *UNKN % )NP )VP . )S  STOP
(S (NP (NP The drop )NP (PP in (NP (NP mortality rates )NP (PP for (NP women )NP )PP )NP )PP )NP (VP was (UCP (ADJP less steep )ADJP -- (NP (NP (NP 8.9 % )NP (PP for (NP blacks )NP )PP )NP and (NP (NP 5.3 % )NP (PP for (NP whites )NP )PP )NP )NP )UCP )VP . )S  STOP
(S (NP (NP The study )NP , (PP by (NP (NP Susan *UNKC )NP , (NP William *UNKC )NP and (NP Joseph *UNKC )NP )NP )PP (PP of (NP (NP the institute 's )NP staff )NP )PP , )NP (ADVP also )ADVP (VP shows (SBAR that (S (NP (NP (NP the *UNK )NP (PP of (NP lung cancer )NP )PP )NP (CONJP as well as )CONJP (NP the death rate )NP )NP (VP declined (PP over (NP the decade )NP )PP (PP for (NP (NP all groups )NP (PP in (NP the *UNKN age *UNK )NP )PP , (PP except (NP black men )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Although (S (NP *UNK- mortality rates )NP (VP are (VP increasing (PP for (NP (NP the nation )NP (PP as (NP a whole )NP )PP )NP )PP )VP )VP )S )SBAR , (NP the report )NP (VP projects (SBAR that (S (NP death rates )NP (VP will (VP begin (S (VP to (VP (VP decline (PP in (NP the 1990s )NP )PP (PP for (NP men )NP )PP )VP and (VP (PP after (NP the year 2000 )NP )PP (PP for (NP women )NP )PP )VP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC mortality rates )NP (VP (VP increase (PP with (NP age )NP )PP )VP and (VP are (VP continuing (S (VP to (VP rise (PP for (NP (NP all age groups )NP (PP over (NP 55 )NP )PP )NP )PP , (PP with (NP (NP sharp increases )NP (PP for (NP (NP everybody )NP but (NP white men )NP )NP )PP )NP )PP )VP )VP )S )VP )VP )VP . )S  STOP
(S But (NP (NP Dr. *UNKC )NP , (NP (NP one )NP (PP of (NP (NP the authors )NP (PP of (NP the report )NP )PP )NP )PP )NP , )NP (VP said `` (S (NP (NP the declining rates )NP (SBAR (S (NP we )NP (VP 're (VP seeing (PP for (NP younger people )NP )PP )VP )VP )S )SBAR )NP (NP we )NP (VP believe (S (VP may (S (VP be (NP (NP a *UNK )NP (PP of (NP (NP declining mortality )NP (PP in (NP the future )NP )PP )NP )PP )NP )VP )S )VP )S )VP )S )VP . '' )S  STOP
(S (ADVP However )ADVP , (NP he )NP (VP stressed (SBAR that (S (NP the improvement )NP (VP depends (PP on (NP (NP a continued reduction )NP (PP in (NP smoking )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S `` (S (SBAR (ADVP Even )ADVP though (S (NP (NP these favorable trends )NP (PP in (NP *UNK- mortality )NP )PP )NP (VP affect (NP all sex and race groups )NP )VP )S )SBAR , (NP they )NP (VP ca n't (VP be (VP taken (PP for (ADJP granted )ADJP )PP )VP )VP )VP )S , '' (NP the report )NP (VP says )VP . )S  STOP
(S `` (NP *UNKING *UNK programs )NP (VP should (VP reach (NP (NP (NP larger segments )NP (PP of (NP the population )NP )PP )NP , (NP especially children , *UNK and minorities )NP )NP )VP )VP . '' )S  STOP
(S (NP (NP An editorial )NP (PP in (NP the *UNKC Journal )NP )PP )NP (VP says (SBAR (S (NP (NP the report )NP (PP of (NP (NP declining *UNK- mortality `` )NP (PP among (NP (NP young men and women )NP (PP in (NP the U.S. )NP )PP )NP )PP )NP )PP )NP (VP indicates (SBAR that (S (NP we )NP (ADVP finally )ADVP (VP may (VP be (VP winning (NP the battle )NP -- (FRAG (NP this )NP (PP (ADVP even )ADVP in (NP (NP a country )NP (SBAR (WHADVP where )WHADVP (S (NP the tobacco industry )NP (VP spends (NP (NP (QP over $ 2 billion )QP )NP (NP a year )NP )NP (PP for (NP (NP promotion )NP (PP of (NP (NP the *UNK *UNK )NP (PP of (NP smoking )NP )PP )NP )PP )NP )PP )VP )S )SBAR )NP )PP )FRAG )VP )VP )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S But (NP (NP the editorial )NP , (PP by (NP (NP *UNKC *UNKC )NP (PP of (NP the World Health Organization )NP )PP )NP )PP , )NP (VP notes (SBAR that (S (NP tobacco consumption and *UNK- mortality rates )NP (VP are (VP rising (PP in (NP developing countries )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (NP *UNKING )NP (VP should (VP be (VP established (PP as (NP (NP the *UNK )NP (PP of (NP social behavior )NP )PP '' (PP around (NP the world )NP )PP )NP )PP )VP )VP )VP (PRN , (S (NP the editorial )NP (VP says )VP )S , )PRN (PP through (NP (NP the enactment )NP (PP of (NP (NP laws )NP (SBAR (WHNP that )WHNP (S (VP (VP limit (NP advertising )NP )VP , (VP boost (NP tobacco prices )NP )VP and (VP promote (NP *UNKING education )NP )VP )VP )S )SBAR )NP )PP )NP )PP . )S  STOP
(S (S (VP Asked (PP for (NP comment )NP )PP )VP )S , (NP (NP Walker *UNKC )NP , (NP (NP a vice president )NP (PP of (NP the *UNKC Institute )NP )PP )NP )NP , (VP said (SBAR (S (NP new efforts (S (VP to (VP restrict (NP tobacco advertising )NP (PP in (NP the U.S. )NP )PP )VP )VP )S )NP (VP could (VP violate (NP (NP the First Amendment protection )NP (PP of (NP free speech )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP According (PP to (NP the American Cancer Society )NP )PP )PP , (NP smoking )NP (VP is (ADJP responsible (PP for (NP (NP (NP 85 % )NP (PP of (NP (NP the *UNK- cases )NP (PP among (NP men )NP )PP )NP )PP )NP and (NP (NP 75 % )NP (PP among (NP women )NP )PP )NP )NP )PP )ADJP )VP . )S  STOP
(S (NP The *UNKC report )NP (VP *UNK (NP (NP the differences )NP (PP in (NP mortality rates )NP )PP (PP by (NP race )NP )PP )NP (PP to (NP different smoking patterns )NP )PP )VP . )S  STOP
(S (NP (NP A higher proportion )NP (PP of (NP black men )NP )PP )NP (VP smoke (PP than (NP white men )NP )PP )VP . )S  STOP
(S (SBAR While (S (NP (NP (ADJP nearly equal )ADJP *UNK )NP (PP of (NP black and white women )NP )PP )NP (ADVP currently )ADVP (VP smoke )VP )S )SBAR , (PP in (NP both *UNK )NP )PP (NP (NP more whites )NP )NP (VP have (VP given (PRT up )PRT (NP smoking )NP (PP than (NP blacks )NP )PP )VP )VP . )S  STOP
(S (PP In (S (VP *UNKING (NP (NP changes )NP (PP in (NP mortality rates )NP )PP (PP over (NP the past decade )NP )PP )NP )VP )S )PP , (NP the *UNKC study )NP (VP looked (ADVP only )ADVP (PP at (NP blacks and whites )NP )PP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP and (NP native Americans )NP )NP (VP were n't (VP studied )VP )VP )S ; (S (NP Hispanics )NP (VP were (VP included (PP with (NP whites )NP )PP )VP )VP )S . )S  STOP
(NP (NP Recent changes )NP (PP in (NP (NP average annual *UNK- *UNK- rates )NP (PP per (NP 100,000 population )NP )PP (PP by (NP race and sex )NP )PP )NP )PP . )NP  STOP
(NP White *UNKC )NP  STOP
(NP White *UNKC )NP  STOP
(NP Black *UNKC )NP  STOP
(NP Black *UNKC )NP  STOP
(S (NP *UNKC )NP (VP elected (NP (NP R. Marvin *UNKC )NP , (ADVP currently )ADVP (NP vice *UNK supply , purchasing )NP , )NP (S (VP to (VP head (NP (NP the company 's )NP (NAC Washington , D.C. , )NAC office )NP )VP )VP )S )VP . )S  STOP
(SINV (S (PP As (NP vice *UNK- relations )NP )PP , (NP Mr. *UNKC )NP (VP will (VP work (PP (PP with (NP (NP P&G 's )NP top management )NP )PP and (PP with (NP (NP the company 's )NP *UNK- staff )NP )PP )PP `` (S (VP to (VP represent (NP (NP P&G 's )NP interests )NP (PP at (NP the federal level )NP )PP )VP )VP )S )VP )VP )S , '' (VP said )VP (NP (NP John G. *UNKC )NP , (NP (NP chairman )NP and (NP chief executive officer )NP )NP )NP . )SINV  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP the appointment )NP `` (VP *UNK (NP (NP the growing influence )NP (PP of (NP government )NP )PP (PP on (NP our business )NP )PP )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP Mr. *UNKC )NP , (ADJP (NP 53 years )NP old )ADJP , )NP (VP has (VP been (PP with (NP (NP the big producer )NP (PP of (NP (NP household products )NP , (NP food )NP and (NP pharmaceuticals )NP )NP )PP )NP )PP (PP for (NP 30 years )NP )PP )VP )VP . )S  STOP
(S (NP (NP Traders )NP (VP trying (S (VP to (VP profit (PP from (NP (NP the recent volatility )NP (PP in (NP financial markets )NP )PP )NP )PP )VP )VP )S )VP )NP (VP *UNKED (NP the Nasdaq over-the-counter market )NP , (S (VP prompting (NP (NP even more swings )NP (PP in (NP stock prices )NP )PP )NP )VP )S )VP . )S  STOP
(S (PP After (S (VP gaining (NP strength )NP (PP during (NP (NP a brief *UNK- )NP (SBAR (WHADVP when )WHADVP (S (NP trading )NP (VP began )VP )S )SBAR )NP )PP )VP )S )PP , (NP the Nasdaq Composite Index )NP (VP weakened (PP under (NP selling pressure )NP )PP )VP . )S  STOP
(S (NP (NP The forces )NP (PP at (NP work )NP )PP )NP (VP included (NP (NP computer-guided trading )NP , (CONJP as well as )CONJP (NP (NP *UNK- market makers )NP and (NP (NP institutional investors )NP (SBAR (WHNP who )WHNP (S (VP had (VP bought (NP stock )NP (PP on (NP the cheap )NP )PP (PP during (NP the recent correction )NP )PP )VP )VP )S )SBAR )NP )NP )NP )VP . )S  STOP
(S (PP During (NP (NP the last two hours )NP (PP of (NP trading )NP )PP )NP )PP , (NP the composite )NP (VP (ADVP almost )ADVP drew (ADVP even )ADVP (PP on (NP the day )NP )PP (PP before (S (VP slipping (ADVP again )ADVP )VP )S )PP )VP . )S  STOP
(S (NP The Nasdaq Composite )NP (VP closed (ADVP down (NP (NP 1.05 )NP , or (NP 0.2 % )NP , )NP )ADVP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (S (NP The action )NP (VP was (VP *UNKED (PP to (NP (NP Nasdaq 's )NP (ADJP (ADJP biggest )ADJP and (ADJP most liquid )ADJP )ADJP stocks )NP )PP )VP )VP )S , (NP traders )NP (VP said )VP . )S  STOP
(S (NP The Nasdaq 100 Index )NP (VP (VP began (NP the day )NP (PP at (NP *UNKN )NP )PP )VP , (VP lost (NP 2 % )NP (PP at (NP one point )NP )PP )VP , and (VP was (ADVP up (NP 0.4 % )NP )ADVP (PP at (NP another )NP )PP )VP )VP . )S  STOP
(S (NP (NP The barometer )NP (PP of (NP the biggest *UNK stocks )NP )PP )NP (VP settled (PP at (NP *UNKN )NP )PP , (ADVP off (NP *UNKN )NP )ADVP )VP . )S  STOP
(S (NP (NP Its counterpart )NP , (NP the Nasdaq Financial Index )NP , )NP (VP was (ADJP weak )ADJP (PP for (NP (NP most )NP (PP of (NP the day )NP )PP )NP )PP , (S (VP *UNKING (NP *UNKN )NP (PP to (NP *UNKN )NP )PP (PP by (NP (NP the end )NP (PP of (NP trading )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (NP The volatility )NP (VP was (ADJP dizzying )ADJP (PP for (NP traders )NP )PP )VP . )S  STOP
(SINV `` (S (NP The market )NP (VP must (VP have (VP turned (ADVP up and down )ADVP (NP 15 different times )NP )VP )VP )VP )S , '' (VP *UNKED )VP (NP (NP *UNKC *UNKC )NP , (NP (NP head )NP (PP of (NP OTC trading )NP )PP (PP at (NP Kidder Peabody )NP )PP )NP )NP . )SINV  STOP
(S `` (S (NP (NP Every time )NP (SBAR (S (NP you )NP (VP thought (SBAR (S (NP it )NP (VP was (VP going (PP into (NP a rally )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )NP (NP it )NP (VP gave (PRT up )PRT )VP )S , and (S (NP (NP every time )NP (SBAR (S (NP you )NP (VP thought (SBAR (S (NP it )NP (VP would (VP rally )VP )VP )S )SBAR )VP )S )SBAR )NP (NP it )NP (VP came (ADVP down )ADVP )VP )S . )S  STOP
(S (NP This )NP (VP is (NP a tough market )NP )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP the market )NP (VP is (ADVP still )ADVP (VP settling (PRT down )PRT (PP after (NP the recent correction )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP (NP Most )NP (PP of (NP trading action )NP )PP )NP (ADVP now )ADVP )NP (VP is (PP from (NP (NP professional traders )NP (SBAR (WHNP who )WHNP (S (VP are (VP trying (S (VP to (VP take (NP advantage )NP (PP of (NP the price swings )NP )PP (S (VP to (VP turn (NP a quick profit )NP )VP )VP )S )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )S , (NP (NP he )NP and (NP other traders )NP )NP (VP said )VP . )S  STOP
(SINV `` (S (S (NP Everybody )NP (VP 's (ADJP *UNKED )ADJP )VP )S and (S (NP no one )NP (VP has (NP (NP an opinion )NP (SBAR (WHNP that )WHNP (S (VP *UNK (ADVP (ADVP longer )ADVP (PP than (NP 30 seconds )NP )PP )ADVP )VP )S )SBAR )NP )VP )S )S , '' (VP said )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S `` (NP (NP A lot )NP (PP of (NP the professional traders )NP )PP )NP (VP are (ADVP just )ADVP (VP going (ADVP back and forth )ADVP )VP )VP . )S  STOP
(S (NP They )NP (VP 're (ADJP just as *UNKED )ADJP )VP . '' )S  STOP
(S (NP (NP William *UNKC )NP , (NP (NP head )NP (PP of (NP OTC trading )NP )PP (PP at (NP (NP Alex . Brown & Sons )NP , (PP in (NP Baltimore )NP )PP )NP )PP )NP , )NP (VP said (SBAR (S (NP program trading )NP (VP is (VP keeping (S (NP the markets )NP (ADJP unsettled )ADJP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP believes (SBAR that (S (NP (NP the volatile conditions )NP (VP created (PP by (NP program trading )NP )PP )VP )NP (VP has `` (VP (ADVP *UNKLY )ADVP *UNKED '' (NP investors )NP (PP about (SBAR (WHADVP where )WHADVP (S (NP the market )NP (VP is (VP headed )VP )VP )S )SBAR )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (S (NP Program trading )NP (VP is `` (VP benefiting (NP a few )NP (PP to (NP (NP the *UNK )NP (PP of (NP many )NP )PP )NP )PP )VP )VP )S and (S (NP I )NP (VP wish (SBAR (S (NP someone )NP (VP would (VP do (NP something )NP (PP about (NP it )NP )PP )VP )VP )S )SBAR )VP )S )S , '' (NP he )NP (VP complained )VP . )S  STOP
(S (NP Trading activity )NP (VP *UNKED (PRT off )PRT (PP from (NP (NP Monday 's )NP *UNKING pace )NP )PP )VP . )S  STOP
(S (NP Share turnover )NP (VP *UNKED (PP to (NP (QP *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP *UNKING and declining issues )NP (VP finished (S (ADJP about even )ADJP )S )VP . )S  STOP
(S (PP Of (NP (NP the *UNKN stocks )NP (SBAR (WHNP that )WHNP (S (VP changed (NP hands )NP )VP )S )SBAR )NP )PP , (S (NP (NP *UNKN )NP )NP (VP declined )VP )S and (S (NP (NP *UNKN )NP )NP (VP advanced )VP )S . )S  STOP
(S (NP (NP One big technology issue )NP , (NP *UNKC )NP , )NP (VP *UNK (NP the *UNK *UNK )NP )VP . )S  STOP
(S (NP (NP The stock )NP , (SBAR (WHNP which )WHNP (S (VP finished (NP Monday )NP (PP at (NP 29 1\/2 )NP )PP )VP )S )SBAR , )NP (VP traded (ADVP (ADVP as high (PP as (NP 29 3\/4 )NP )PP )ADVP and (ADVP as low (PP as (NP 28 3\/4 )NP )PP )ADVP )ADVP (PP before (S (VP closing (PP at (NP 29 1\/4 )NP )PP , (ADVP down (NP 1\/4 )NP )ADVP )VP )S )PP )VP . )S  STOP
(S (NP It )NP (VP was (NP a *UNKING day )NP (PP for (NP (NP investors )NP (PP in (NP Genetics Institute )NP )PP )NP )PP )VP . )S  STOP
(S (NP The stock )NP (VP tumbled (NP 2 3\/4 )NP (PP on (NP news (SBAR that (S (NP it )NP (VP might (VP have (S (VP to (VP take (NP (NP a charge )NP (PP against (NP earnings )NP )PP )NP )VP )VP )S (SBAR if (S (NP it )NP (VP ca n't (VP (ADVP successfully )ADVP resolve (NP (NP a dispute )NP (PP with (NP (NP its European *UNK )NP , (NP *UNKC *UNKC )NP )NP )PP , (PP over (NP (NP its *UNK- drug )NP , (NP EPO )NP )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The stock )NP (VP recovered (ADVP somewhat )ADVP (S (VP to (VP finish (ADVP (NP 1 1\/4 )NP lower )ADVP (PP at (NP 26 1\/4 )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP In (NP a statement )NP )PP , (NP Genetics Institute )NP (VP said (SBAR (S (NP (NP the dispute )NP (PP with (NP *UNKC )NP )PP )NP (VP centers (PP on (NP (NP questions )NP (PP of (NP (NP the *UNK )NP (PP of (NP (NP (NP certain *UNK )NP (PP of (NP EPO material )NP )PP )NP (VP valued (PP at (NP (QP $ *UNKN million )QP )NP )PP )VP )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Earlier (NP this week )NP )ADVP , (NP Genetics Institute )NP (VP reported (NP (NP wider losses )NP (PP in (NP (NP its fiscal third quarter )NP (VP ended (NP Aug. 31 )NP )VP )NP )PP )NP )VP . )S  STOP
(S (NP Price Co. )NP (VP jumped (NP 2 1\/4 )NP (PP to (NP 44 )NP )PP (PP on (NP 1.7 million shares )NP )PP )VP . )S  STOP
(S (NP (NP The *UNK )NP (PP of (NP cash and carry merchandise )NP )PP )NP (VP reported (NP (NP fiscal *UNK earnings )NP (SBAR (WHNP that )WHNP (S (VP were (ADJP (ADJP better )ADJP (SBAR than (S (NP analysts )NP (VP had (VP expected )VP )VP )S )SBAR )ADJP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The company )NP (ADVP also )ADVP (VP pleased (NP analysts )NP (PP by (S (VP announcing (NP (NP four new store *UNK )NP (VP planned (PP for (NP (NP fiscal 1990 )NP , (VP ending (NP next August )NP )VP )NP )PP )VP )NP )VP )S )PP )VP . )S  STOP
(S (NP That )NP (VP will (VP bring (NP (NP the total )NP (PP for (NP the year )NP )PP )NP (PP to (NP 10 )NP )PP , (PP from (NP five )NP (PP during (NP fiscal 1989 )NP )PP )PP )VP )VP . )S  STOP
(S `` (NP Every year )NP (NP we )NP (VP 've (VP been (VP waiting (PP for (NP (NP *UNK- expansion )NP (PP from (NP the company )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(SINV (S (NP The news )NP (VP could n't (VP have (VP been (ADJP better )ADJP )VP )VP )VP )S , '' (VP said )VP (NP (NP Linda *UNKC )NP , (NP a Dean Witter Reynolds analyst )NP , )NP (PP in (NP an interview )NP )PP . )SINV  STOP
(S (NP (NP *UNKC )NP , (NP (NP a maker )NP (PP of (NP optical *UNK- devices )NP )PP )NP , )NP (ADVP also )ADVP (VP reported (NP higher third-quarter earnings )NP )VP . )S  STOP
(S (NP Its shares )NP (VP added (NP 3\/4 )NP (PP to (NP 30 3\/4 )NP )PP )VP . )S  STOP
(S But (NP favorable earnings )NP (VP was n't (NP a guarantee (SBAR that (S (NP (NP a stock 's )NP price )NP (VP would (VP improve (NP yesterday )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP MCI Communications )NP (VP tumbled (NP 2 5\/8 )NP (PP to (NP 42 3\/8 )NP )PP (PP on (NP 4.7 million shares )NP )PP (SBAR (ADVP even )ADVP though (S (NP the telecommunications giant )NP (VP reported (NP (NP a (ADJP 63 % )ADJP increase )NP (PP in (NP third-quarter profit )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Financial )NP (VP slipped (NP 3\/8 )NP (PP to (NP 43 1\/8 )NP )PP (PP in (NP active trading )NP )PP )VP (PP after (S (VP reporting (SBAR that (S (NP third-quarter earnings )NP (VP improved (PP to (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP (PP from (NP (NP $ 1.15 )NP (NP a share )NP )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP )S )SBAR )VP )S )PP . )S  STOP
(S (ADVP However )ADVP , (NP (NP the bank holding company 's )NP loan-loss reserves )NP (VP rose (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP . )S  STOP
(S (NP *UNKC Brands )NP (VP lost (NP 1\/4 )NP (PP to (NP 27 )NP )PP )VP . )S  STOP
(S But (NP its *UNK earnings )NP (VP rose (PP to (NP (NP 26 cents )NP (NP a share )NP )NP )PP (PP from (NP (NP 18 cents )NP (NP a share )NP )NP (NP last year )NP )PP )VP . )S  STOP
(S (NP Capital Associates )NP (VP dropped (NP 1 )NP (PP to (NP 5 3\/8 )NP )PP )VP . )S  STOP
(S (NP (NP The company )NP , (SBAR (WHNP which )WHNP (S (VP leases (NP technology equipment )NP )VP )S )SBAR , )NP (VP reported (NP (NP (ADJP substantially lower )ADJP net income )NP (PP for (NP (NP its fiscal first quarter )NP , (SBAR (WHNP which )WHNP (S (VP ended (NP Aug. 31 )NP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP (NP Robert M. *UNKC )NP , (NP 39 )NP , )NP (VP was (VP named (S (NP (NP (NP president )NP )NP and (NP (NP chief operating officer )NP )NP (PP of (NP this (ADJP closely held )ADJP publisher )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP The post )NP (VP had (VP been (ADJP vacant )ADJP (PP for (NP (QP more than a )QP year )NP )PP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP had (VP been (NP (NP executive vice president )NP (PP for (NP operations )NP )PP )NP )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP (NP Ralph Ingersoll II )NP , (NP 43 )NP , (NP (NP chairman )NP and (NP chief executive )NP )NP , )NP (VP said (SBAR (S (NP he )NP (VP would (VP take (PRT on )PRT (NP additional responsibilities )NP (PP as (NP (NP editor )NP (PP in (NP chief )NP )PP (PP of (NP the company )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP John *UNKC )NP (VP resigned (PP as (NP (NP editor )NP (PP in (NP chief )NP )PP )NP )PP )VP . )S  STOP
(S (NP Mr. Ingersoll )NP (VP remains (NP (NP editor )NP (PP in (NP chief )NP )PP (PP of (NP (NP (NP the company 's )NP (ADJP recently launched )ADJP daily )NP , (NP the St. Louis Sun )NP )NP )PP )NP )VP . )S  STOP
(S (ADVP Also )ADVP , (NP (NP *UNKC B. *UNKC )NP , (NP 28 )NP , )NP (VP was (VP named (S (NP (NP executive vice president )NP , (NP treasurer )NP and (NP chief financial officer )NP )NP )S )VP )VP . )S  STOP
(S (NP Michael *UNKC )NP (VP resigned (PP after (NP (NP (QP less than a )QP year )NP (PP in (NP the posts )NP )PP )NP )PP )VP . )S  STOP
(S (NP Ms. *UNKC )NP (VP had (VP been (NP (NP executive financial assistant )NP (PP to (NP the chairman )NP )PP )NP )VP )VP . )S  STOP
(S (ADVP Certainly )ADVP (NP conservative environmentalists )NP (VP can (VP defend (NP their limited government position )NP (PP by (S (VP *UNKING (PP between (NP (NP Old *UNKC )NP and (NP New *UNKC )NP )NP )PP )VP )S )PP (PRN -LRB- (NP `` (NP (NP *UNKC and Others )NP (PP for (VP *UNKING (NP the *UNKC )NP )VP )PP )NP , '' (PP by (NP David Brooks )NP )PP , (NP editorial page )NP , (NP Oct. 5 )NP )NP -RRB- )PRN )VP )VP . )S  STOP
(S (NP Old *UNKC )NP (VP involved (NP (NP *UNK *UNK )NP and (NP *UNK )NP )NP )VP . )S  STOP
(S (NP It )NP (VP started (PP with (NP (NP (NP improvements )NP (PP in (NP *UNK )NP )PP )NP (VP made (S (ADJP possible )ADJP )S (PP by (NP (NP *UNK *UNK )NP and (NP *UNK underwear )NP )NP )PP (PP during (NP the Industrial *UNKC )NP )PP )VP )NP )PP )VP . )S  STOP
(S (ADVP Then )ADVP (NP (NP *UNK- *UNK *UNK )NP and (NP the *UNK *UNK )NP )NP (VP were (VP followed (PP by (NP *UNK - and *UNK- plants )NP )PP (PP toward (NP (NP the end )NP (PP of (NP the *UNK century )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Medicine )NP (PP in (NP the *UNK century )NP )PP )NP (VP was (VP dedicated (ADVP mostly )ADVP (PP to (NP (S (VP *UNKING (NP *UNK )NP )VP )S and (NP diagnostic analysis )NP )NP )PP )VP )VP . )S  STOP
(S (ADVP Then )ADVP (NP the 20th century )NP (VP saw (NP (NP the evolution )NP (PP of (NP (NP private-sector wonder drugs )NP , (SBAR (WHNP which )WHNP (S (VP *UNKED (NP medical therapy )NP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP The process )NP (VP (VP (ADVP *UNKLY )ADVP increased (NP our average life *UNK )NP )VP , (VP eliminated (NP much pain )NP )VP and (VP (ADVP constantly )ADVP improved (NP health and *UNKING )NP )VP )VP . )S  STOP
(S (NP Most *UNK- measures )NP (VP were (VP handled (PP at (NP the local level )NP )PP )VP )VP . )S  STOP
(S (NP New *UNKC )NP (ADVP probably )ADVP (VP started (PP in (NP *UNKN )NP )PP (PP with (NP (NP the publication )NP (PP of (NP (NP (NP *UNKC *UNKC 's )NP book )NP `` (NP *UNKC *UNKING )NP )NP )PP )NP )PP )VP . '' )S  STOP
(S (ADVP Shortly thereafter )ADVP , (NP *UNK articles )NP (VP began (S (VP to (VP appear )VP )VP )S (S (VP predicting (SBAR that (S (NP advanced industrial *UNK )NP (VP would (VP produce (NP a *UNKED , *UNK planet )NP (PP (ADVP possibly )ADVP by (NP (NP the turn )NP (PP of (NP the century )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP These *UNK predictions )NP (VP were (VP advanced (PP by (NP (NP such *UNK )NP (PP as (NP (NP Paul *UNKC )NP , (NP Barry *UNKC )NP , (NP *UNKC *UNKC )NP and (NP George *UNKC )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (VP *UNKING (PP in (NP the 1960s )NP )PP )VP )S (S (NP Ms. Carson )NP (VP suggested (SBAR that (S (NP the human race )NP (VP could (VP be (VP eliminated (PP in (NP 20 years )NP )PP )VP )VP )VP )S )SBAR )VP )S , and (S (NP Mr. *UNKC )NP (VP suggested (SBAR that (S (NP (NP life )NP (PP on (NP earth )NP )PP )NP (VP might (VP end (PP by (NP 1985 )NP )PP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (NP Mr. Ehrlich )NP (VP predicted (NP (NP unprecedented *UNK )NP (PP by (NP 1980 )NP )PP )NP )VP . )S  STOP
(S (NP There )NP (VP were (NP many more )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP chemical products )NP )PP )NP (VP were (VP *UNKED (PP as (ADJP *UNK )ADJP )PP , (PP with (NP recommendations (SBAR that (S (NP they )NP (VP be (VP banned (PP from (NP industrial use )NP )PP (SBAR because (S (NP they )NP (VP produced (NP malignant *UNK )NP (PP in (NP *UNKED *UNK )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(SINV (ADJP *UNKC (PP before (NP 1960 )NP )PP )ADJP (VP were )VP (NP (NP the *UNK effects )NP (PP of (NP (NP (NP *UNK rain )NP , (NP greenhouse warming )NP and (NP ozone depletion )NP )NP , (SBAR (WHNP all (WHPP of (WHNP which )WHNP )WHPP )WHNP (S (VP required (NP (NP *UNKING political power )NP and (NP *UNK expense )NP )NP )VP )S )SBAR )NP )PP )NP . )SINV  STOP
(S (ADVP Meanwhile )ADVP , (NP the New *UNKC )NP (VP (ADVP *UNKLY )ADVP opposed (NP (NP the methods )NP (PP of (NP the Old *UNKC )NP )PP )NP )VP . )S  STOP
(S (NP Local pollution problems )NP (VP require (NP (NP cheap energy )NP and (NP capital )NP )NP (PP for (NP their solution )NP )PP )VP . )S  STOP
(S But (NP the New *UNKC )NP (VP oppose (NP (NP (NP private wealth creation )NP (PRN -LRB- (SBAR (WHNP which )WHNP (PRN , (S (NP they )NP (VP claim )VP )S , )PRN (S (VP *UNK (NP natural resources )NP )VP )S )SBAR -RRB- )PRN )NP and (NP nuclear power )NP )NP )VP (PRN -LRB- (SBAR (ADVP even )ADVP though (S (NP it )NP (VP would (VP *UNK (NP the greenhouse effect )NP )VP )VP )S )SBAR -RRB- )PRN . )S  STOP
(S (NP They )NP (VP (VP are (PP in (NP (NP the *UNK )NP (PP of (S (VP opposing (NP (NP the search )NP (PP for (NP (NP new *UNK and methods )NP (PP of (NP *UNK )NP )PP )NP )PP )NP )VP )S )PP )NP )PP )VP and (ADVP even )ADVP (VP oppose (NP (NP (NP new methods )NP (PP of (NP research )NP )PP )NP (PP such as (NP genetic engineering )NP )PP )NP )VP )VP . )S  STOP
(S (NP New *UNKC )NP (VP is (NP (NP (NP an emotional attack )NP (PP on (NP (NP proven methods )NP (PP of (S (VP improving (NP (NP our quality )NP (PP of (NP life )NP )PP )NP )VP )S )PP )NP )PP )NP and (NP (NP a bid )NP (PP for (NP political power )NP )PP )NP )NP )VP . )S  STOP
(S (VP Let (NP 's )NP (S (VP *UNK (NP our priorities )NP (PP by (S (VP *UNKING (NP pollution problems )NP (PP at (NP the local level )NP )PP (PP as (FRAG *UNK )FRAG )PP )VP )S )PP )VP )S )VP . )S  STOP
(NP (NP Harry Lee Smith )NP (NP (NP *UNKC )NP , (NP *UNK )NP )NP . )NP  STOP
(S (NP Your story )NP (VP missed (NP (NP some essential points )NP (PP of (NP (NP the conference )NP (PP on `` (NP (NP The Global *UNKC )NP : (SQ Are (NP We )NP (VP *UNKING )VP ? )SQ )NP '' )PP )NP )PP )NP )VP )S  STOP
(S (ADVP First and *UNK )ADVP , (NP (NP the *UNK )NP (VP presented (PP by (NP the various scientists )NP )PP )VP )NP (VP represent (NP (NP a general consensus )NP (PP among (NP (NP specialists )NP (VP working (PP in (NP (NP the respective aspects )NP (PP of (NP the global environment )NP )PP )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(S (S (VP Consider , (PP for (NP example )NP )PP , (NP (NP the greenhouse effect )NP and (NP climate change )NP )NP )VP )S ; (S (NP (NP numerous *UNK- scientific committees )NP , (PP including (NP (NP one )NP (PP from (NP (NP the National Academy )NP (PP of (NP Science )NP )PP )NP )PP )NP )PP , )NP (VP judge (SBAR (S (NP there )NP (VP is (NP (NP a (ADJP (QP greater than 50 )QP % )ADJP *UNK )NP (PP of (NP (NP a grave problem )NP (PP in (NP the *UNKING )NP )PP )NP )PP )NP )VP )S )SBAR )VP )S . )S  STOP
(S (NP The point )NP (VP was (S (S (VP to (VP answer (NP (NP the question )NP (PP in (NP the conference title )NP )PP )NP )VP )VP )S , not (S (VP to (VP try (S (VP to (VP create (NP news stories )NP (PP for (NP the event itself )NP )PP )VP )VP )S )VP )VP )S )S )VP . )S  STOP
(SINV Nor was (NP it )NP (VP intended (S (VP to (VP *UNK (NP (NP a set )NP (PP of (NP *UNK solutions )NP )PP )NP )VP )VP )S , (SBAR although (S (NP various points )NP (VP were (VP raised )VP )VP )S )SBAR )VP . )SINV  STOP
(S (NP Each speaker )NP (VP was (VP asked (S (VP to (VP (VP address (NP a specific topic )NP )VP , not (VP deliver (NP (NP a point )NP (PP of (NP view )NP )PP )NP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP Each scientist )NP (VP (ADVP *UNKLY )ADVP concluded (SBAR (S (NP society and government )NP (VP are (VP *UNKING (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP comes (PP to (NP *UNK policy change )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP This )NP (VP leads (PP to (NP (NP a (ADJP very special )ADJP sense )NP (PP of (NP urgency )NP )PP )NP )PP )VP . )S  STOP
(S (SBAR If (S (NP the media )NP (VP decide (S (VP to (VP work (ADVP harder )ADVP (PP at (S (VP *UNKING (NP the public )NP (PP about (NP these (ADJP complex and technical )ADJP issues )NP )PP )VP )S )PP )VP )VP )S )VP )S )SBAR , (NP that )NP (ADVP hardly )ADVP (VP can (VP be (VP termed (S (NP *UNK- journalism )NP )S )VP )VP )VP . )S  STOP
(S (NP The environment )NP (VP can (ADVP no longer )ADVP (VP be (NP (NP a normal issue )NP , (S (VP to (VP be (VP dealt with (PP on (NP (NP a *UNK- basis )NP (PP with (NP (NP comfortable *UNK )NP (PP of (NP change )NP )PP )NP )PP )NP )PP )VP )VP )VP )S )NP )VP )VP . )S  STOP
(S (NP We )NP (VP have (VP (ADVP literally )ADVP altered (NP (NP the chemistry and *UNK )NP (PP of (NP (NP our planet 's )NP atmosphere )NP )PP )NP )VP )VP . )S  STOP
(S (NP This )NP (VP *UNK (NP (NP consequences )NP (PP from (SBAR (WHNP what )WHNP (S (NP we )NP (VP have (ADVP already )ADVP (VP done )VP )VP )S )SBAR )PP (SBAR (WHNP that )WHNP (S (VP will (VP be (ADJP very *UNKING (PP to (NP (ADJP social and economic )ADJP systems )NP )PP )ADJP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP The problems )NP (PP of (NP the environment )NP )PP )NP (VP are (ADJP (ADJP (ADJP so *UNKED )ADJP , (ADJP so *UNKLY *UNKED (PP with (NP (NP our current way )NP (PP of (NP life )NP )PP )NP )PP )ADJP and (ADJP so large )ADJP )ADJP (SBAR that (S (NP (NP it )NP )NP (VP is (ADJP unlikely )ADJP (SBAR (S (NP we )NP (VP will (VP be (ADJP able (S (VP to (VP address (NP them )NP (ADVP effectively )ADVP )VP )VP )S )ADJP )VP )VP )S )SBAR (SBAR unless (S (NP major changes )NP (VP are (VP made (PP in (NP (QP less than 10 )QP years )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP (NP The consensus )NP (PP from (NP the scientific community )NP )PP )NP (VP is (SBAR that (S (NP there )NP (VP is (NP sufficient evidence (S (VP to (VP advise (NP major policy changes )NP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (INTJ No )INTJ , (NP we )NP (VP are not (VP *UNKING )VP )VP . )S  STOP
(NP (NP Thomas E. *UNKC )NP (NP (NP Assistant Secretary )NP (PP for (NP *UNKC Affairs )NP )PP )NP (NP *UNKC *UNKC )NP )NP  STOP
(S (NP Coca-Cola Enterprises Inc. )NP , (S (VP *UNKING (NP (NP its dismal earnings forecast )NP (PP for (NP 1989 )NP )PP )NP )VP )S , (VP said (SBAR (S (NP its third-quarter net income )NP (VP fell (NP 68 % )NP (PP on (NP flat revenue )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (VP *UNKC (PP by (NP (NP higher marketing costs )NP and (NP slowing volume growth )NP )NP )PP )VP )S , (NP the giant Coke *UNKING operation )NP (VP said (SBAR (S (NP net )NP (VP fell (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP six cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 26 cents )NP (NP a share )NP )NP )NP , (ADVP (NP the year )NP earlier )ADVP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The results )NP (VP met (NP (NP estimates )NP (PP of (NP (NP analysts )NP , (SBAR (WHNP who )WHNP (S (VP had (ADVP already )ADVP (VP slashed (NP their projections )NP (SBAR after (S (NP the company )NP (VP said (PP in (NP late August )NP )PP (SBAR that (S (NP its 1989 earnings )NP (VP could (VP tumble (NP (QP as much as 37 )QP % )NP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP A company spokesman )NP (VP said (NP yesterday )NP (SBAR that (S (NP Coca-Cola Enterprises )NP (VP *UNK (PP by (NP its 1989 forecast )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Third-quarter revenue )NP (VP was (ADJP flat )ADJP (PP at (NP (QP $ 1.02 billion )QP )NP )PP )VP . )S  STOP
(S (NP The year-ago results )NP , (ADVP however )ADVP , (VP included (NP (NP the operations )NP (PP of (NP (NP a *UNKING business )NP , (SBAR (WHNP which )WHNP (S (VP was (VP sold (NP last December )NP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (S (VP Excluding (NP that *UNKING business )NP )VP )S , (NP (NP (NP Coca-Cola Enterprises ' )NP volume )NP , (VP measured (PP by (NP (NP cases )NP (PP of (NP *UNK )NP )PP )NP )PP )VP , )NP (VP rose (NP (QP only 1 )QP % )NP )VP . )S  STOP
(S (NP The volume )NP (VP is (PP (PP (ADVP well )ADVP below (NP (NP (NP the industry 's )NP (QP 4 % to 5 % )QP growth rate )NP (PP of (NP recent years )NP )PP )NP )PP , but (PP in (NP (NP line )NP (PP with (NP other soft-drink companies )NP )PP )NP )PP (PP for (NP the third quarter )NP )PP )PP )VP . )S  STOP
(S (NP The latest third-quarter volume )NP (ADVP also )ADVP (VP compares (PP with (NP (NP a (ADJP very strong )ADJP (ADJP 10 % )ADJP growth )NP (PP in (NP the year-ago quarter )NP )PP )NP )PP )VP . )S  STOP
(S (NP Coca-Cola Enterprises )NP (VP blamed (NP the lower volume )NP (PP on (NP (NP its soft-drink prices )NP , (SBAR (WHNP which )WHNP (S (VP were (ADJP (ADJP (QP about 3 )QP % )ADJP higher )ADJP (PP in (NP the third quarter )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Consumers )NP (VP have (VP been (VP *UNKED (PP to (S (VP buying (NP *UNK- )NP (PP at (NP discounted prices )NP )PP )VP )S )PP (PP for (NP several years )NP )PP )VP )VP )VP . )S  STOP
(S (NP Coca-Cola Enterprises )NP (VP said (SBAR (S (NP it )NP (VP had (S (VP to (VP boost (NP (NP spending )NP (PP for (NP trade and dealer incentives )NP )PP )NP (S (VP to (VP try (S (VP to (VP keep (NP volumes )NP (PP from (S (VP slipping )VP )S )PP )VP )VP )S )VP )VP )S )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP it )NP (VP expects (SBAR (S (NP consumers )NP (VP will (VP adjust (PP to (NP *UNKED soft drinks )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP A spokesman )NP (VP attributed (NP (NP the bulk )NP (PP of (NP (NP a (ADJP 14 % )ADJP increase )NP (PP in (NP (UCP selling , administrative and general )UCP expenses )NP )PP (PRN -- (PP to (NP (QP $ *UNKN million )QP )NP )PP -- )PRN )NP )PP )NP (PP to (NP marketing costs )NP )PP )VP . )S  STOP
(SINV `` (S (NP They )NP (VP 're (PP out (NP there )NP )PP (S (VP promoting (PP like (ADJP crazy )ADJP )PP )VP )S , (S (VP trying (S (VP to (VP get (S (NP prices )NP (ADJP up )ADJP )S (PP by (NP promotion )NP )PP )VP )VP )S )VP )S )VP )S , '' (VP said )VP (NP (NP Roy *UNKC )NP , (NP (NP an analyst )NP (PP with (NP Kidder , Peabody & Co )NP )PP )NP )NP . )SINV  STOP
(S (PP For (NP the nine months )NP )PP , (NP (NP Coca-Cola Enterprises ' )NP net )NP (VP fell (NP 31 % )NP (PP to (NP (NP (QP $ 65 million )QP )NP , or (NP (NP 39 cents )NP (NP a share )NP )NP )NP )PP , (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 63 cents )NP (NP a share )NP )NP )NP )PP )VP . )S  STOP
(S (NP Revenue )NP (VP was (ADJP flat )ADJP (PP at (NP about (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP (NP Coca-Cola Enterprises )NP , (SBAR (WHNP which )WHNP (S (VP is (ADJP *UNKED (PP by (NP Coca-Cola Co. )NP )PP )ADJP )VP )S )SBAR , )NP (ADVP also )ADVP (VP said (SBAR (S (NP it )NP (VP *UNKED (NP (NP (QP about 1.2 million )QP )NP (PP of (NP its common shares )NP )PP )NP (PP during (NP the third quarter )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The buy-back )NP (VP is (NP (NP part )NP (PP of (NP (NP a *UNK- repurchase plan )NP , (SBAR (WHPP under (WHNP which )WHNP )WHPP (S (NP Coca-Cola Enterprises )NP (ADVP so far )ADVP (VP has (VP acquired (NP (NP a total )NP (PP of (NP (QP 9.7 million )QP shares )NP )PP )NP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP (ADJP *UNKC , *UNKED )ADJP PepsiCo Inc. )NP , (SBAR as (S (VP expected )VP )S )SBAR , (VP said (SBAR (S (NP fiscal third-quarter net )NP (VP rose (NP 11 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ 1.02 )NP (NP a share )NP )NP )NP )PP , (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 91 cents )NP (NP a share )NP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Sales )NP (VP rose (NP 25 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP (NP The year-ago quarter 's )NP results )NP (VP include (NP (NP an after-tax charge )NP (PP of (NP (QP $ 5.9 million )QP )NP )PP (PP from (NP (NP the sale )NP (PP of (NP (NP a *UNK )NP (PP in (NP Spain )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP (NP composite trading )NP (PP on (NP the New York Stock Exchange )NP )PP )NP )PP , (NP Coca-Cola Enterprises )NP (VP closed (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP , (ADVP down (NP 62.5 cents )NP )ADVP )VP . )S  STOP
(S (NP PepsiCo )NP (VP closed (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP , )PP (ADVP up (NP $ *UNKN )NP )ADVP )VP . )S  STOP
(SINV (S (NP L.J. Hooker Corp. )NP (VP is (VP expected (S (VP to (VP reach (NP (NP an agreement )NP (PP in (NP principle )NP )PP (NP this week )NP (S (VP to (VP sell (NP Merksamer *UNKC Inc. )NP (PP to (NP management )NP )PP )VP )VP )S )NP )VP )VP )S )VP )VP )S , (VP say )VP (NP (NP executives )NP (ADJP familiar (PP with (NP the talks )NP )PP )ADJP )NP . )SINV  STOP
(S (NP (NP L.J. Hooker )NP , (VP based (PP in (NP Atlanta )NP )PP )VP , )NP (VP filed (PP for (NP Chapter 11 bankruptcy protection )NP )PP (ADVP earlier (NP this year )NP )ADVP )VP . )S  STOP
(S (ADVP Currently )ADVP , (NP (NP its parent company )NP , (NP (NP Hooker Corp. )NP (PP of (NP (NP Sydney )NP , (NP Australia )NP )NP )PP )NP , )NP (VP is (VP being (VP managed (PP by (NP a *UNKED *UNK )NP )PP )VP )VP )VP . )S  STOP
(S (NP It )NP (VP is (VP expected (SBAR that (S (NP (NP GE Capital Corp. )NP , (NP (NP a financial-services subsidiary )NP (PP of (NP General Electric Co. )NP )PP )NP , )NP (VP will (VP provide (NP (QP much of )QP (NP (NP the funding )NP (PP for (NP (NP the proposed leveraged buy-out )NP (PP of (NP (NP Merksamer )NP , (VP based (PP in (NP (NP Sacramento )NP , (NP Calif )NP )NP )PP )VP )NP )PP )NP )PP )NP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP A spokesman )NP (PP for (NP GE Capital )NP )PP )NP (VP declined (S (VP to (VP comment )VP )VP )S )VP . )S  STOP
(S (NP GE Capital )NP (VP has (NP (NP a working relationship )NP (PP with (NP L.J. Hooker )NP )PP )NP )VP . )S  STOP
(S (NP It )NP (VP (VP is (VP providing (NP (NP (QP $ 50 million )QP )NP (PP in (NP emergency financing )NP )PP )NP (PP to (NP the company )NP )PP )VP )VP and (VP has (VP agreed (S (VP to (VP buy (NP (NP as much )NP (PP as (NP (NP (QP $ 75 million )QP )NP (PP in (NP receivables )NP )PP )NP )PP )NP (PP from (NP (NP (NP B. Altman & Co. )NP and (NP *UNKC *UNKC )NP )NP , (NP (NP L.J. Hooker 's )NP two (ADJP fully owned )ADJP department-store chains )NP )NP )PP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP (NP (NP Sam Merksamer )NP , (NP (NP chief executive officer )NP (PP of (NP the nationwide jewelry chain )NP )PP )NP , )NP and (NP (NP Sanford *UNKC )NP , (NP (NP chief executive )NP (PP of (NP L.J. Hooker Corp. )NP )PP )NP , )NP )NP (NP both )NP (VP declined (S (VP to (VP comment )VP )VP )S )VP . )S  STOP
(S (S (ADVP Currently )ADVP , (NP Mr. Merksamer )NP (VP owns (NP (NP 20 % )NP (PP of (NP the company )NP )PP )NP )VP )S ; (S (NP L.J. Hooker )NP (VP acquired (NP (NP its 80 % interest )NP (PP in (NP the firm )NP )PP )NP (PP in (NP May 1986 )NP )PP )VP )S . )S  STOP
(S (PP At (NP the time )NP )PP , (NP the Merksamer chain )NP (VP had (S (NP 11 stores )NP (PP in (NP operation )NP )PP )S )VP . )S  STOP
(S (NP Today )NP , (NP there )NP (VP are (NP (NP 77 units )NP , (ADJP (NP all )NP located (PP in (NP shopping *UNK )NP )PP )ADJP )NP )VP . )S  STOP
(SINV (S (PP In (NP recent weeks )NP )PP (NP Mr. Merksamer )NP (VP has (VP (VP approached (NP (NP a number )NP (PP of (NP his suppliers )NP )PP )NP )VP and (VP asked (NP them )NP (S (VP to (VP provide (NP (NP letters )NP (PP of (NP intent )NP )PP (VP saying (SBAR (S (NP they )NP (VP will (VP continue (S (VP shipping (NP merchandise )NP (PP to (NP the chain )NP )PP )VP )S (PP following (NP the buy-out )NP )PP )VP )VP )S )SBAR )VP )NP )VP )VP )S )VP )VP )VP )S , (VP say )VP (NP (NP those )NP (ADJP familiar (PP with (NP the situation )NP )PP )ADJP )NP . )SINV  STOP
(S (S (NP This year )NP , (NP (NP a number )NP (PP of (NP retail leveraged *UNK )NP )PP )NP (VP have (VP failed )VP , (S (VP causing (NP *UNK )NP (PP among (NP suppliers )NP )PP )VP )S )VP )S , and (S (NP Mr. Merksamer )NP (ADVP apparently )ADVP (VP wanted (NP assurances (SBAR that (S (NP he )NP (VP wo n't (VP have (NP delivery problems )NP )VP )VP )S )SBAR )NP )VP )S . )S  STOP
(S (PP For (NP (NP the year )NP (VP ended (NP June 30 , 1989 )NP )VP )NP )PP , (NP Merksamer *UNKC )NP (VP had (NP (NP (NP (QP $ 62 million )QP )NP (PP of (NP revenue )NP )PP )NP and (NP (NP operating profit )NP (PP of (NP (QP $ 2.5 million )QP )NP )PP )NP )NP )VP . )S  STOP
(S (NP The *UNK chain )NP (VP was (VP put (ADVP up )ADVP (PP for (NP sale )NP )PP (PP in (NP June )NP )PP )VP )VP . )S  STOP
(S (PP According (PP to (NP (NP those )NP (ADJP familiar (PP with (NP the situation )NP )PP )ADJP )NP )PP )PP , (NP other bidders )NP (VP included (NP (NP (NP *UNKC Group PLC )NP (PP of (NP London )NP )PP )NP and (NP *UNKC *UNKC Inc )NP )NP )VP . )S  STOP
(S (NP First Boston Corp. )NP (VP is (VP advising (NP L.J. Hooker )NP (PP on (NP (NP the sale )NP (PP of (NP the Merksamer business )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Merksamer )NP (VP was (NP the first )NP (PP in (NP (NP a series )NP (PP of (NP (NP retail acquisitions )NP (VP made (PP by (NP L.J. Hooker )NP )PP )VP )NP )PP )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP was (VP founded (PP in (NP Sacramento )NP )PP (PP in (NP *UNKN )NP )PP (PP by (NP (NP (NP two brothers )NP , (NP Ralph and Walter Merksamer )NP )NP , (SBAR (WHNP who )WHNP (S (VP operated (PP as (NP (NP *UNKC 's )NP *UNKC )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (PP In (NP 1979 )NP )PP , (NP the pair )NP (VP split (NP the company )NP (PP in (NP half )NP )PP , (PP with (S (NP (NP Walter )NP and (NP (NP his son )NP , (NP Sam )NP , )NP )NP (VP agreeing (S (VP to (VP operate (PP under (NP the Merksamer *UNKC name )NP )PP )VP )VP )S )VP )S )PP )VP . )S  STOP
(S (NP (NP The sale )NP (PP of (NP Merksamer *UNKC )NP )PP )NP (VP is (ADJP subject (PP to (NP (NP approval )NP (PP by (NP (NP Judge *UNKC *UNKC )NP (PP of (NP U.S. Bankruptcy Court )NP )PP )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (SBAR As (S (ADVP earlier )ADVP (VP reported )VP )S )SBAR , (NP L.J. Hooker )NP (NP this week )NP (VP received (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP bid )NP (PP for (NP (NP its three shopping *UNK )NP , plus (NP other properties )NP )NP )PP )NP (PP from (NP (NP a consortium )NP (VP led (PP by (NP (NP *UNKC real-estate investor Jay *UNKC )NP and (NP (NP A. Boyd Simpson )NP , (NP (NP an Atlanta developer )NP and (NP former L.J. Hooker senior executive )NP )NP )NP )NP )PP )VP )NP )PP )VP . )S  STOP
(S (NP (NP The offer )NP , (SBAR (WHNP which )WHNP (S (VP did n't (VP include (NP the Merksamer chain )NP )VP )VP )S )SBAR , )NP (VP is (VP being (VP reviewed (PP by (NP Mr. *UNKC )NP )PP )VP )VP )VP . )S  STOP
(S (NP Robert J. *UNKC )NP (VP was (VP named (S (NP (NP (NP president )NP )NP and (NP (NP chief executive officer )NP )NP (PP of (NP (NP this company 's )NP *UNKC Corp. unit )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP had (VP been (NP (NP (NP president )NP )NP and (NP (NP chief executive )NP )NP (PP of (NP *UNKC Industries Inc )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Robert H. *UNKC )NP , (NP (NP previous (NX (NX president )NX and (NX chief executive )NX )NX )NP (PP of (NP *UNKC )NP )PP )NP , )NP (VP will (VP assume (NP (NP the title )NP (PP of (NP (NP chairman )NP (PP of (NP (NP the unit )NP , (NP a *UNK- maker )NP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP The days )NP )NP (VP may (VP be (VP *UNKED (PP for (NP (NP *UNKED shows )NP (VP featuring (NP (NP *UNKC )NP , (NP the *UNKC *UNKC )NP and (NP the *UNKC )NP )NP )VP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP NBC )NP , (NP (NP (NP a leader )NP (PP in (NP morning , prime-time and late night programs )NP )PP )NP but (NP (NP an *UNK- )NP (PP on (NP (NP Saturday *UNK )NP , (SBAR (WHADVP when )WHADVP (S (NP children )NP (VP rule (NP the TV set )NP )VP )S )SBAR )NP )PP )NP )NP , )NP (VP is (VP contemplating (S (VP getting (ADVP out (PP of (NP the *UNK business )NP )PP )ADVP )VP )S )VP )VP . )S  STOP
(S (ADVP Instead )ADVP (PRN , (NP network officials )NP (VP say )VP , )PRN (NP it )NP (VP may (VP `` *UNK '' (PP with (NP (NP shows )NP (PP for (NP (NP an audience )NP (SBAR (WHNP that )WHNP (S (VP is (ADVP virtually )ADVP (VP ignored (PP in (NP that time period )NP )PP )VP )VP )S )SBAR : (NP adults )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(SINV `` (S (S (NP There )NP (VP is (NP (NP talk )NP (PP of (NP some *UNKING )NP )PP )NP )VP )S and (S (NP we )NP (VP 're (ADVP certainly )ADVP (VP heading (PP in (NP (NP the direction )NP (PP of (NP (ADJP less and less )ADJP *UNK )NP )PP )NP )PP )VP )VP )S )S , '' (VP said )VP (NP (NP Joseph S. *UNKC )NP , (NP (NP vice president )NP (PP of (NP finance and administration )NP )PP (PP for (NP (NP National Broadcasting Co. )NP , (NP (NP a unit )NP (PP of (NP General Electric Co )NP )PP )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR that (S (NP (NP NBC Entertainment president *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP declined (S (VP to (VP be (VP interviewed )VP )VP )VP )S )VP )S )SBAR , )NP (VP (VP is `` (VP looking (PP at (NP options )NP )PP (ADVP now )ADVP )VP )VP and (VP may (VP put (NP some things )NP (PP into (NP the schedule )NP )PP (PP by (NP *UNK- )NP )PP )VP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP declined (S (VP to (VP elaborate )VP )VP )S )VP . )S  STOP
(S (NP (NP NBC 's )NP options )NP (VP could (VP range (PP (PP from (NP *UNKED programming )NP )PP (PP to (NP sports shows )NP )PP )PP , (SBAR although (S (NP the network )NP (VP declined (S (VP to (VP comment )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP One major NBC affiliate )NP , (NP (NP *UNKC )NP (PP in (NP Sacramento )NP )PP )NP , )NP (VP plans (S (VP to (VP (VP cancel (NP the NBC Saturday morning *UNK- )NP (PP as of (NP January )NP )PP )VP and (VP replace (NP it )NP (PP with (NP a local *UNK )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP The *UNK- program )NP (VP will (VP be (VP repeated (PP with (NP *UNK )NP )PP (PP throughout (NP Saturday *UNK )NP )PP )VP )VP )VP . )S  STOP
(SINV `` (S (S (NP We )NP (VP feel (SBAR (S (NP there )NP (VP is (NP (NP an opportunity )NP (PP for (NP (NP an audience )NP (SBAR (WHNP that )WHNP (S (VP is not (VP being (VP served (PP by (NP any network )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )VP )S , so (S (NP we )NP (VP want (S (VP to (VP take (NP the lead )NP )VP )VP )S )VP )S )S , '' (VP says )VP (NP (NP (NP *UNKC 's )NP general manager )NP , (NP John *UNKC )NP )NP . )SINV  STOP
(S `` (NP We )NP (VP do n't (VP need (NP *UNK )NP (ADVP anymore )ADVP )VP )VP . )S  STOP
(S (NP They )NP (ADVP only )ADVP (VP accounted (PP for (NP (NP 5 % )NP , (ADVP at best )ADVP , (PP of (NP (NP the station 's )NP total revenues )NP )PP )NP )PP )VP . '' )S  STOP
(S (NP An NBC spokesman )NP (VP (VP says (SBAR (S (NP the network )NP (VP will (VP `` (ADVP closely )ADVP monitor '' (NP the Sacramento situation )NP )VP )VP )S )SBAR )VP , and (VP says (SBAR (S (NP it )NP (VP is (NP (NP the only station )NP (SBAR (S (VP to (VP *UNK )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP for (NP (NP the television networks )NP (PP of (NP (NP CBS Inc. )NP and (NP Capital Cities\/ABC Inc. )NP )NP )PP )NP )PP )NP , (VP say (SBAR (S (NP there )NP (VP are (NP no plans (S (VP to (VP alter (NP (NP (NP the children 's )NP *UNK- )NP (PP on (NP Saturday *UNK )NP )PP )NP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The *UNK audience )NP (PP for (NP Saturday programming )NP )PP )NP (VP is (ADVP no longer )ADVP (ADJP dependent (PP on (NP the networks )NP )PP )ADJP )VP . )S  STOP
(S (NP There )NP (VP has (VP been (NP (NP (NP a surge )NP (PP in (NP (NP *UNKED (NP children 's )NP shows )NP (PP to (NP independent stations )NP )PP )NP )PP )NP , (CONJP as well as )CONJP (NP (NP competition )NP (PP (PP from (NP (NP *UNK )NP (PP for (NP kids )NP )PP )NP )PP and (PP from (NP (NP cable outlets )NP (PP such as (NP (NP *UNKC )NP and (NP the Disney Channel )NP )NP )PP )NP )PP )PP )NP )NP )VP )VP . )S  STOP
(S (S (PP At (NP the same time )NP )PP , (NP there )NP (VP appears (S (VP to (VP be (NP (NP a market )NP (PP for (NP *UNKED programming )NP )PP )NP )VP )VP )S )VP )S ; (S (NP (NP Turner Broadcasting System Inc. 's )NP Cable News Network )NP (VP has (NP its highest ratings )NP (PRN , (ADVP outside (PP of (NP prime time )NP )PP )ADVP , )PRN (PP on (NP Saturday *UNK )NP )PP )VP )S . )S  STOP
(S (NP NBC )NP (VP has (PP on (NP previous occasions )NP )PP (VP considered (VP replacing (NP *UNK )NP (PP with (NP (NP a Saturday version )NP (PP of (NP `` (NP Today )NP , '' (SBAR (WHNP which )WHNP (S (VP is (VP produced (PP by (NP NBC News )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP (NP The network 's )NP own production company )NP , (NP NBC *UNKC )NP , )NP (VP supplies (NP (NP a half-hour *UNKED show )NP (VP *UNKED (S `` (NP (S (VP *UNKED (PP By (NP The Bell )NP )PP )VP )S )NP )S )VP )NP )VP . '' )S  STOP
(S (NP (NP NBC *UNKC )NP or (NP NBC News )NP )NP (VP could (VP (VP supply (NP the network )NP (PP with (NP other Saturday morning shows )NP )PP )VP , (NP (NP a move )NP (SBAR (WHNP that )WHNP (S (VP would (VP control (NP costs )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP *UNKED shows )NP , (SBAR (WHNP which )WHNP (S (VP are (VP made (PP by (NP outside production companies )NP )PP )VP )VP )S )SBAR , )NP (VP cost (NP the network )NP (NP (NP (QP about $ 300,000 )QP )NP (PP per (NP episode )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC & *UNKC Co. )NP (VP said (SBAR (S (NP third-quarter net income )NP (VP skidded (NP 35 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 49 cents )NP (NP a share )NP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP the year-earlier quarter )NP )PP , (NP the chemicals company )NP (VP had (NP (NP net )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 75 cents )NP (NP a share )NP )NP )NP )PP )NP )VP . )S  STOP
(S (NP Sales )NP (VP were (NP (NP (QP $ *UNKN million )QP )NP , (ADVP up (NP 0.5 % )NP (PP from (NP (QP $ *UNKN million )QP )NP (ADVP (NP a year )NP ago )ADVP )PP )ADVP )NP )VP . )S  STOP
(S (NP (NP *UNKC & Haas )NP , (SBAR (WHNP which )WHNP (S (VP plans (S (VP to (VP start (S (VP operating (NP seven new production units )NP )VP )S (NP this year )NP )VP )VP )S )VP )S )SBAR , )NP (VP attributed (NP the profit slide )NP (PP (ADVP partly )ADVP to (NP higher start-up expense )NP )PP )VP . )S  STOP
(S (NP The company )NP (ADVP also )ADVP (VP cited (NP (NP the stronger dollar )NP , (SBAR (WHNP which )WHNP (S (VP cuts (NP (NP the value )NP (PP of (NP overseas profit )NP )PP )NP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP is (VP translated (PP into (NP dollars )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (NP addition )NP )PP (PRN , (NP the company )NP (VP said )VP , )PRN (NP it )NP (VP was (VP hurt (PP by (NP (NP (ADJP higher (PP than (ADJP *UNK- )ADJP )PP )ADJP costs )NP (PP for (NP raw materials )NP )PP )NP )PP , (SBAR though (S (NP those costs )NP (VP have (VP declined (PP since (NP the second quarter )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP (ADJP *UNKLY higher )ADJP production )NP (PP of (NP (NP those chemicals )NP (SBAR (WHNP which )WHNP (S (VP remain (PP in (NP heavy demand )NP )PP )VP )S )SBAR )NP )PP )NP (ADVP also )ADVP (VP has (VP forced (S (ADJP up )ADJP (NP (NP costs )NP , (PP (ADVP such )ADVP as (NP overtime pay )NP )PP )NP )S )VP )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP *UNKC & Haas net )NP (VP totaled (NP (NP (QP $ 155 million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , (ADVP down (NP 17 % )NP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (ADVP (NP a year )NP ago )ADVP )PP )ADVP )NP )VP . )S  STOP
(S (NP Sales )NP (VP rose (NP 5.2 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP (NP the previous year )NP )PP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP , (NP *UNKC & Haas )NP (VP closed (PP at (NP (NP $ 33 )NP (NP a share )NP )NP )PP , (ADVP down (NP $ 1.75 )NP )ADVP )VP . )S  STOP
(S (NP (NP Michael A. *UNKC )NP , (ADJP (NP 55 years )NP old )ADJP , )NP (VP was (VP named (S (NP (NP (NP president )NP )NP and (NP (NP chief executive officer )NP )NP (PP of (NP (NP this manufacturer )NP (PP of (NP industrial *UNK )NP )PP )NP )PP )NP )S , (S (VP succeeding (NP Walter K. *UNKC )NP )VP )S )VP )VP . )S  STOP
(SINV (S (NP (NP Mr. *UNKC )NP , (NP 49 )NP , )NP (VP (VP resigned (PP as (NP (NP president )NP and (NP chief executive )NP )NP )PP )VP and (VP will (VP work (PP on (NP special projects )NP )PP )VP )VP )VP )S , (VP said )VP (NP (NP John J. *UNKC )NP , (NP chairman )NP )NP . )SINV  STOP
(S (NP Mr. *UNKC )NP (VP (VP (ADVP formerly )ADVP was (NP (NP (NP president )NP )NP and (NP (NP chief executive )NP )NP (PP of (NP Taylor & *UNKC Inc. )NP )PP )NP )VP and (VP was (NP (NP a director )NP (PP of (NP *UNKC *UNKC )NP )PP )NP (PP since (NP 1985 )NP )PP )VP )VP . )S  STOP
(S (NP Stephen N. *UNKC )NP (VP was (VP named (S (NP (NP (NP managing director )NP )NP and (NP (NP group head )NP )NP (PP of (NP (NP (NP investment banking )NP (PP in (NP Asia )NP )PP )NP , (VP based (PP in (NP Tokyo )NP )PP )VP )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (ADJP (NP 38 years )NP old )ADJP , )NP (VP had (VP been (NP (NP a first vice president )NP (PP in (NP (NP the industrial group )NP (PP in (NP investment banking )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP He )NP (VP succeeds (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP resigned (PP in (NP May )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP This )NP (VP is (VP written (S (VP to (VP correct (NP (NP a *UNK )NP (PP in (NP (NP your Oct. 3 article )NP `` (NX (S (NP (NP *UNKC )NP (PP From (NP Advanced *UNKC Cancer )NP )PP )NP (VP Can (VP *UNK (VP *UNKED (PP by (S (VP Using (NP Two *UNKC )NP )VP )S )PP )VP )VP )VP )S )NX )NP )PP )NP )VP )VP )S )VP )VP . '' )S  STOP
(S (PP In (NP this article )NP )PP , (NP I )NP (VP was (VP alleged (S (VP to (VP have (VP said , (SBAR `` (S (NP (NP Any patient )NP (PP with (NP high-risk colon cancer )NP )PP )NP (VP is (ADVP really )ADVP (VP getting (NP short *UNK )NP (SBAR if (S (NP he )NP (VP 's not (VP getting (NP this therapy )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP )VP )S )VP )VP . '' )S  STOP
(S (S (NP I )NP (VP did n't (VP say (NP this )NP )VP )VP )S , and (S (NP I )NP (VP 'm (VP (ADVP totally )ADVP opposed (PP to (NP (NP the philosophy )NP (VP expressed (PP by (NP the *UNK )NP )PP )VP )NP )PP )VP )VP )S . )S  STOP
(S (NP I )NP (VP (VP have not (VP offered )VP )VP and (VP will not (VP offer (NP (NP routine therapy )NP (PP with (NP (NP the two drugs )NP , (NP *UNK and *UNK- )NP )NP )PP )NP , (PP to (NP (NP any )NP (PP of (NP my *UNK- patients )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (S (PP With (NP this treatment )NP )PP (NP we )NP (VP have (VP reduced (NP (NP deaths )NP (PP in (NP high-risk colon cancer )NP )PP )NP (PP by (NP one-third )NP )PP )VP )VP )S -- but (S (NP this )NP (VP leaves (NP (NP the two-thirds )NP (SBAR (WHNP who )WHNP (S (VP are (VP *UNKING (PP of (NP cancer )NP )PP )VP )VP )S )SBAR )NP )VP )S . )S  STOP
(S (NP This )NP (VP is not (ADJP nearly good enough )ADJP )VP . )S  STOP
(S (NP I )NP (VP believe (SBAR (S (NP (NP any physician )NP (SBAR (WHNP who )WHNP (S (ADVP truly )ADVP (VP *UNK (PP about (NP cancer patients )NP )PP , (NP both today and tomorrow )NP )VP )S )SBAR )NP , (VP should (VP offer (NP (NP the hope )NP (PP of (NP (NP something )NP (ADJP (ADJP better )ADJP (PP than (NP that )NP )PP )ADJP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP My statement )NP , (VP read (ADVP *UNK )ADVP (PP from (NP (NP a printed text )NP (ADJP available (PP to (NP (NP all reporters )NP (VP attending (NP the National Cancer Institute news conference )NP )VP )NP )PP )ADJP )NP )PP )VP , )NP (VP was (NP (NP the following )NP : `` (S (NP New clinical trials )NP (VP are (ADVP already )ADVP (PP in (NP operation )NP )PP (S (VP seeking (S (VP to (VP improve (NP these results )NP )VP )VP )S )VP )S )VP )S )NP )VP . )S  STOP
(S (NP These research *UNK )NP (VP offer (PP to (NP the patient )NP )PP (NP not only (NP (NP the (ADJP very best )ADJP therapy )NP (SBAR (WHNP which )WHNP (S (NP we )NP (VP have (VP established (NP today )NP )VP )VP )S )SBAR )NP but also (NP (NP the hope )NP (PP of (NP (NP something )NP (ADJP still better )ADJP )NP )PP )NP )NP )VP . )S  STOP
(S (NP I )NP (VP feel (SBAR (S (NP (NP any patient )NP (PP with (NP high-risk cancer )NP )PP )NP (VP is (VP getting (NP short *UNK )NP (SBAR if (S (NP he )NP (VP is not (VP offered (NP this opportunity )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP We )NP (VP have (NP (NP (ADJP very exciting )ADJP prospects )NP (PP for (NP (NP (ADJP far more impressive )ADJP advances )NP (PP in (NP (NP the treatment )NP (PP of (NP colon cancer )NP )PP )NP )PP )NP )PP (PP during (NP (NP the years )NP (ADJP immediately ahead )ADJP )NP )PP )NP )VP . )S  STOP
(S (NP This hope )NP , (ADVP however )ADVP , (VP will (ADVP never )ADVP (VP be (VP realized (SBAR if (S (NP we )NP (VP use (NP *UNK and *UNK- )NP (PP as (NP a *UNKING point )NP )PP )VP )S )SBAR )VP )VP )VP . )S  STOP
(NP (NP Charles G. *UNKC *UNKC . )NP (NP (NP *UNKC *UNKC )NP (NP (NP Rochester )NP , (NP *UNKC )NP )NP )NP . )NP  STOP
(S (NP (NP The oil and auto industries )NP , (VP *UNKED (PP in (NP (NP their *UNK )NP (PP of (NP (NP (NP President Bush 's )NP proposal )NP (PP for (NP (NP cars )NP (SBAR (WHNP that )WHNP (S (VP run (PP on (NP alternative fuels )NP )PP )VP )S )SBAR )NP )PP )NP )PP )NP )PP )VP , )NP (VP announced (NP (NP a joint research program )NP (SBAR (WHNP that )WHNP (S (VP could (VP turn (PRT up )PRT (NP a *UNKING gasoline )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Officials )NP (PP of (NP (NP the Big Three auto makers )NP and (NP 14 petroleum companies )NP )NP )PP )NP (VP said (SBAR (S (NP they )NP (VP are (VP setting (PRT out )PRT (S (VP to (VP find (NP (NP the (ADJP most *UNK- )ADJP fuel )NP (PP for (S (VP reducing (NP (NP cities ' )NP *UNK- problems )NP )VP )S )PP )NP )VP )VP )S , (PP with (NP (NP no bias )NP (PP toward (NP (NP any fuel )NP (PP in (NP particular )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP However )ADVP , (NP their search )NP (ADVP notably )ADVP (VP wo n't (VP include (NP (NP (NP natural gas )NP or (NP pure *UNK )NP )NP (PRN -- (NP the two *UNKING alternative fuels )NP -- )PRN )NP (PP in (NP (NP tests )NP (SBAR (S (VP to (VP be (VP completed (PP by (NP next summer )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (ADVP Instead )ADVP , (NP the tests )NP (VP will (VP focus (ADVP heavily )ADVP (PP on (NP (NP (NP new *UNK )NP (PP of (NP gasoline )NP )PP )NP , (SBAR (SBAR (WHNP which )WHNP (S (VP are (ADVP still )ADVP (ADJP undeveloped )ADJP )VP )S )SBAR but (SBAR (WHNP which )WHNP (S (NP the petroleum industry )NP (VP has (VP been (VP *UNKING (PP as (NP (NP a solution )NP (PP for (NP (NP automobile pollution )NP (SBAR (WHNP that )WHNP (S (VP is (VP *UNKING (NP urban areas )NP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )VP )S )SBAR )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP criticized (NP the program )NP (PP as (NP merely a public-relations attempt (S (VP to (VP head (PRT off )PRT (NP a White House proposal (S (VP to (VP require (NP (NP (NP a million cars )NP (NP a year )NP )NP (SBAR (WHNP that )WHNP (S (VP run (PP on (NP *UNKING fuels )NP )PP )VP )S )SBAR )NP )VP )VP )S )NP (PP by (NP 1997 )NP )PP )VP )VP )S )NP )PP )VP . )S  STOP
(S (SBAR While (S (NP major oil companies )NP (VP have (VP been (VP *UNKING (PP with (NP *UNKING gasoline *UNK )NP )PP (PP for (NP years )NP )PP )VP )VP )VP )S )SBAR , (NP only Atlantic Richfield Co. )NP (VP is (ADVP now )ADVP (VP marketing (NP (NP a *UNK- gasoline )NP (PP for (NP (NP older cars )NP (VP (ADVP currently )ADVP running (PP on (NP *UNKED fuel )NP )PP )VP )NP )PP )NP )VP )VP . )S  STOP
(SINV (S (NP The initial (ADJP (QP $ 11 million )QP )ADJP research program )NP (VP will (VP conduct (NP (NP the (ADJP most extensive )ADJP testing )NP (PP to (NP date )NP )PP (PP of (NP *UNKED *UNK )NP )PP )NP )VP )VP )S , (VP said )VP (NP (NP Joe *UNKC )NP , (NP (NP head )NP (PP of (NP fuels and lubricants )NP )PP (PP at (NP General Motors Corp. research laboratories )NP )PP )NP )NP . )SINV  STOP
(S (NP It )NP (VP will (VP compare (NP (NP 21 different *UNK )NP (PP of (NP *UNK )NP )PP )NP (PP with (NP (NP three *UNK )NP (PP of (NP (ADJP (QP up to 85 )QP % )ADJP *UNK )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP (NP A second phase )NP (PP of (NP research )NP )PP )NP , (SBAR (WHNP which )WHNP (S (VP is (ADVP still )ADVP (VP being (VP planned )VP )VP )VP )S )SBAR , )NP (VP will (VP test (NP *UNKED *UNK )NP (PP on (NP (NP newer engine technologies )NP (ADVP now )ADVP (VP being (VP developed (PP for (NP (NP use )NP (PP in (NP 1992 or 1993 cars )NP )PP )NP )PP )VP )VP )NP )PP )VP )VP . )S  STOP
(S (NP There )NP (VP was (NP (NP no cost estimate )NP (PP for (NP the second phase )NP )PP )NP )VP . )S  STOP
(SINV `` (S (NP The whole idea here )NP (VP is (SBAR (S (NP the automobile and oil companies )NP (VP have (NP joint customers )NP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP Keith *UNKC )NP , (NP (NP a senior vice president )NP (PP of (NP technology )NP )PP (PP at (NP Amoco Corp )NP )PP )NP )NP . )SINV  STOP
(S `` And (NP we )NP (VP are (VP looking (PP for (NP (NP the (ADJP most *UNK- )ADJP way )NP (SBAR (S (VP to (VP clean (PRT up )PRT (NP the air )NP )VP )VP )S )SBAR )NP )PP )VP )VP . '' )S  STOP
(S But (NP (NP David *UNKC )NP , (NP (NP an environmental lawyer )NP (PP with (NP the Natural Resources Defense Council )NP )PP )NP , )NP (VP said (SBAR (S (NP the research )NP (VP appears (ADVP merely )ADVP (S (VP to (VP be (NP (NP a way )NP (SBAR (S (VP to (VP promote (NP *UNKED gasoline )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Oil and auto companies )NP (VP supported (NP (NP a move )NP (PP on (NP Capitol Hill )NP )PP (NP last week )NP (S (VP to (VP *UNK (NP (NP Mr. Bush 's )NP plans (S (VP to (VP require (S (NP auto makers )NP (VP to (VP begin (S (VP selling (NP *UNKED cars )NP )VP )S (PP by (NP 1995 )NP )PP )VP )VP )S )VP )VP )S )NP )VP )VP )S )NP )VP . )S  STOP
(S (ADVP Instead )ADVP , (NP a House subcommittee )NP (VP adopted (NP (NP a *UNK- program )NP (SBAR (WHNP that )WHNP (S (ADVP specifically )ADVP (VP *UNK (NP *UNKED gasoline )NP (PP as (NP an alternative )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The Bush administration )NP (VP has (VP said (SBAR (S (NP it )NP (VP will (VP try (S (VP to (VP *UNK (NP its plan )NP )VP )VP )S (SBAR (WHADVP when )WHADVP (S (NP the House Energy and Commerce Committee )NP (VP takes (PRT up )PRT (NP a comprehensive *UNK- bill )NP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP William Seidman )NP , (NP (NP chairman )NP (PP of (NP the Federal Deposit Insurance Corp. )NP )PP )NP , )NP (VP said (SBAR (S (NP Lincoln Savings & Loan Association )NP (VP should (VP have (VP been (VP seized (PP by (NP the government )NP )PP (PP in (NP 1986 )NP )PP (S (VP to (VP contain (NP (NP losses )NP (SBAR (WHNP that )WHNP (S (NP he )NP (VP estimated (SBAR (S (VP will (VP cost (NP taxpayers )NP (NP (QP as much as $ 2 billion )QP )NP )VP )VP )S )SBAR )VP )S )SBAR )NP )VP )VP )S )VP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Mr. Seidman )NP , (SBAR (WHNP who )WHNP (S (VP has (VP been (NP (NP the nation 's )NP top bank regulator )NP )VP )VP )S )SBAR , )NP (VP inherited (NP (NP the problems )NP (PP of (NP (NP Lincoln )NP , (VP based (PP in (NP (NP Irvine )NP , (NP Calif. )NP , )NP )PP )VP )NP )PP )NP (SBAR after (S (NP his regulatory role )NP (VP was (VP expanded (PP by (NP the new savings-and-loan bailout law )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP made (NP his comments )NP (PP before (NP House Banking Committee hearings (S (VP to (VP investigate (SBAR (WHNP what )WHNP (S (VP appears (S (VP to (VP be (NP (NP the biggest thrift disaster )NP (PP in (NP a *UNK- industry )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP )VP )S )NP )PP )VP . )S  STOP
(S (NP The inquiry )NP (ADVP also )ADVP (VP will (VP cover (NP (NP the actions )NP (PP of (NP (NP Charles Keating Jr. )NP , (SBAR (SBAR (WHNP who )WHNP (S (VP is (NP (NP chairman )NP (PP of (NP (NP American Continental Corp. )NP , (NP (NP Lincoln 's )NP parent )NP )NP )PP )NP )VP )S )SBAR , and (SBAR (WHNP who )WHNP (S (VP contributed (ADVP heavily )ADVP (PP to (NP several U.S. senators )NP )PP )VP )S )SBAR )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP Mr. Seidman )NP (VP told (NP the committee )NP (SBAR that (S (NP (NP the Resolution Trust Corp. )NP , (NP (NP the agency )NP (VP created (S (VP to (VP sell (NP sick thrifts )NP )VP )VP )S )VP )NP , )NP (VP has (VP studied (NP (NP (NP (NP Lincoln 's )NP examination reports )NP (PP by (NP former regulators )NP )PP )NP (VP *UNKING (ADVP back (PP to (NP 1986 )NP )PP )ADVP )VP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP My staff )NP (VP indicated (SBAR that (S (SBAR (SINV had (NP we )NP (VP made (NP such findings )NP (PP in (NP (NP one )NP (PP of (NP our own institutions )NP )PP )NP )PP )VP )SINV )SBAR , (NP we )NP (VP would (VP have (VP sought (NP (NP an immediate *UNK- order )NP (S (VP to (VP stop (NP the *UNK operations )NP )VP )VP )S )NP )VP )VP )VP )S )SBAR )VP )S , '' (NP Mr. Seidman )NP (VP said )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP Lincoln )NP (VP was (VP seized (PP by (NP the government )NP )PP )VP )VP )S )SBAR , (PP for (NP example )NP )PP , (NP (NP (NP 15 % )NP (PP of (NP its loans )NP )PP )NP , or (NP (QP $ 250 million )QP )NP , )NP (VP were (PP to (NP (NP borrowers )NP (SBAR (WHNP who )WHNP (S (VP were (VP buying (NP real estate )NP (PP from (NP (NP one )NP (PP of (NP (NP American Continental 's )NP 50 other subsidiaries )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP , (PP according (PP to (NP Mr. Seidman )NP )PP )PP )VP . )S  STOP
(S But (NP the government )NP (VP did n't (VP step (ADVP in )ADVP (PP until (NP (NP (ADVP (NP six months )NP ago )ADVP , (SBAR (WHADVP when )WHADVP (S (NP thrift officials )NP (VP put (NP Lincoln )NP (PP into (NP *UNK )NP )PP )VP )S )SBAR )NP -- (NP (NP the day )NP (SBAR after (S (NP American Continental )NP (VP filed (PP for (NP (NP Chapter 11 bankruptcy protection )NP (PP from (NP creditors )NP )PP )NP )PP )VP )S )SBAR )NP )NP )PP )VP )VP . )S  STOP
(S (NP The bankruptcy filing )NP (PRN , (S (NP the government )NP (VP has (VP charged (PP in (NP a (ADJP (QP $ 1.1 billion )QP )ADJP civil lawsuit )NP )PP )VP )VP )S , )PRN (VP was (NP (NP part )NP (PP of (NP a pattern (S (VP to (VP shift (NP insured deposits )NP (PP to (NP (NP the parent company )NP , (SBAR (WHNP which )WHNP (S (VP used (NP the deposits )NP (PP as (NP (NP a *UNK )NP (PP for (NP real-estate deals )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP )VP )S )NP )PP )NP )VP . )S  STOP
(S (NP (NP The deposits )NP (SBAR (WHNP that )WHNP (S (VP have (VP been (VP transferred (PP to (NP other subsidiaries )NP )PP )VP )VP )VP )S )SBAR )NP (VP are (ADVP now )ADVP (PP under (NP (NP the jurisdiction )NP (PP of (NP the bankruptcy court )NP )PP )NP )PP )VP . )S  STOP
(S `` (S (NP I )NP (VP think (SBAR (S (NP (NP it )NP )NP (VP 's (ADJP fairly clear )ADJP (SBAR (S -LCB- (NP Mr. Keating )NP -RCB- (VP knew , '' (SBAR that (S (NP regulators )NP (VP were (VP set (S (VP to (VP seize (NP Lincoln )NP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )VP )S , (NP Mr. Seidman )NP (VP said )VP . )S  STOP
(S (NP Further investigation )NP (PRN , (S (NP he )NP (VP said )VP )S , )PRN (VP may (VP result (PP in (NP (NP further actions )NP (PP against (NP (NP Lincoln 's )NP executives )NP )PP (PRN , (SINV (VP said )VP (NP Mr. Seidman )NP )SINV , )PRN `` (PP including (NP fraud actions )NP )PP )NP )PP )VP )VP . '' )S  STOP
(S (NP Mr. Keating )NP , (PP for (NP his part )NP )PP , (VP has (VP filed (NP suit )NP (S (VP alleging (SBAR that (S (NP regulators )NP (VP (ADVP *UNKLY )ADVP seized (NP the thrift )NP )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(S (NP (NP Leonard *UNKC )NP , (NP (NP an attorney )NP (PP in (NP Washington )NP )PP (PP for (NP Mr. Keating )NP )PP )NP , )NP (VP declined (S (VP to (VP comment (PP on (NP the hearings )NP )PP , (SBAR except (S (VP to (VP say (SBAR , `` (S (NP We )NP (VP will (VP be (VP responding (ADVP *UNKLY )ADVP (PP in (NP several *UNK )NP )PP (PP to (NP (NP each )NP (PP of (NP these allegations )NP )PP )NP )PP (PP at (NP the appropriate time )NP )PP )VP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP )S )VP . '' )S  STOP
(S (NP (NP (NP Lincoln 's )NP treatment )NP (PP by (NP former thrift regulators )NP )PP , (PP in (NP (NP an agency )NP (VP *UNKED (PP by (NP the new law )NP )PP )VP )NP )PP , )NP (VP has (VP proved (ADJP embarrassing (PP for (NP (NP five senators )NP (SBAR (WHNP who )WHNP (S (VP received (NP (NP thousands )NP (PP of (NP dollars )NP )PP (PP in (NP campaign contributions )NP )PP )NP (PP from (NP Mr. Keating )NP )PP )VP )S )SBAR )NP )PP )ADJP )VP )VP . )S  STOP
(S (NP Mr. Seidman )NP (VP said (NP yesterday )NP , (PP for (NP example )NP )PP , (SBAR that (S (NP (NP (NP Sen. Dennis *UNKC )NP (PRN -LRB- (NP D. )NP , (NP Ariz. )NP -RRB- )PRN )NP , (SBAR (WHNP who )WHNP (S (VP received (NP (NP $ *UNKN )NP (PP in (NP contributions )NP )PP )NP (PP from (NP Mr. Keating )NP )PP )VP )S )SBAR , )NP (VP *UNKED (NP Mr. Seidman )NP (S (VP to (VP request (SBAR that (S (NP he )NP (VP push (PP for (NP (NP a sale )NP (PP of (NP Lincoln )NP )PP (SBAR before (S (NP it )NP (VP would (VP be (VP seized )VP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (SBAR After (S (NP the government lawsuit )NP (VP was (VP filed (PP against (NP Lincoln )NP )PP )VP )VP )S )SBAR , (NP Sen. *UNKC )NP (VP returned (NP the campaign contributions )NP )VP . )S  STOP
(S (NP (NP The senator 's )NP spokesman )NP (VP said (NP yesterday )NP (SBAR that (S (NP he )NP (VP pushed (PP for (NP (NP the sale )NP (PP of (NP Lincoln )NP )PP )NP )PP (SBAR because `` (S (NP (NP hundreds )NP (PP of (NP (NP Arizona jobs )NP -LCB- (PP at (NP Lincoln )NP )PP -RCB- )NP )PP )NP (VP were (PP on (NP the line )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP Senate Banking Committee Chairman Donald *UNKC )NP (PRN -LRB- (NP D. )NP , (NP Mich . )NP -RRB- )PRN )NP (VP has (ADVP also )ADVP (VP returned (NP (NP contributions )NP (SBAR (S (NP he )NP (VP received (PP from (NP Mr. Keating )NP )PP (ADVP (NP a year )NP ago )ADVP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP *UNKC John Glenn (PRN -LRB- (NP (NP D. )NP , (NP Ohio )NP )NP -RRB- )PRN , John *UNKC , (PRN -LRB- (NP (NP R. )NP , (NP Ariz. )NP )NP -RRB- )PRN and Alan Cranston (PRN -LRB- (NP (NP D. )NP , (NP Calif. )NP )NP -RRB- )PRN )NP (ADVP also )ADVP (VP (VP received (NP substantial contributions )NP (PP from (NP Mr. Keating )NP )PP )VP and (VP sought (S (VP to (VP *UNK (PP on (NP (NP behalf )NP (PP of (NP Lincoln )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP House Banking Committee Chairman Henry Gonzalez )NP (PRN -LRB- (NP D. )NP , (NP Texas )NP -RRB- )PRN )NP (VP said (SBAR (S (NP Sen. Cranston )NP (VP *UNKED (S (VP to (VP appear (PP before (NP the House committee )NP )PP , (SBAR if (FRAG (ADJP necessary )ADJP )FRAG )SBAR )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S But (NP a committee staff member )NP (VP said (SBAR (S (NP the panel )NP (VP is (ADJP unlikely (S (VP to (VP pursue (ADVP closely )ADVP (NP (NP the role )NP (PP of (NP the senators )NP )PP )NP )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S (PP At (NP the hearing )NP )PP , (NP Mr. Seidman )NP (VP said (SBAR (S (NP the RTC )NP (VP has (ADVP already )ADVP (VP pumped (NP (QP $ *UNKN million )QP )NP (PP into (NP Lincoln )NP )PP (PP for (NP liquidity )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (ADVP also )ADVP (VP held (PRT out )PRT (NP (NP little hope )NP (PP of (NP (NP *UNK )NP (PP for (NP (NP purchasers )NP (PP of (NP (NP (QP $ 225 million )QP )NP (PP in (NP American Continental subordinated debt )NP )PP )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Some )NP (PP of (NP those *UNK )NP )PP )NP (VP have (VP filed (NP a suit )NP , (S (VP saying (SBAR (S (NP they )NP (VP believed (SBAR (S (NP they )NP (VP were (VP buying (NP (NP *UNKED certificates )NP (PP of (NP deposit )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(S `` (S (NP We )NP (VP have (NP no plans )NP (PP at (NP this time )NP )PP (S (VP to (VP pay (PRT off )PRT (NP those notes )NP )VP )VP )S )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP (NP (NP Eastern Airlines ' )NP creditors committee )NP , (ADJP unhappy (PP with (NP (NP (NP the carrier 's )NP plans )NP (PP for (S (VP emerging (PP from (NP bankruptcy-law proceedings )NP )PP )VP )S )PP )NP )PP )ADJP , )NP (VP asked (NP its own experts )NP (S (VP to (VP *UNK (NP (NP *UNK approaches )NP (PP to (NP a reorganization )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP (NP Representatives )NP (PP of (NP (NP (NP the accounting firm )NP (PP of (NP Ernst & Young )NP )PP )NP and (NP (NP the securities firm )NP (PP of (NP Goldman , Sachs & Co. )NP )PP )NP )NP )PP )NP , (VP hired (PP by (NP creditors )NP )PP (S (VP to (VP *UNK (PP on (NP (NP Eastern 's )NP financial plans )NP )PP )VP )VP )S )VP , )NP (VP told (NP the committee )NP (PP in (NP a private meeting )NP )PP (NP yesterday )NP (SBAR that (S (NP (NP Eastern 's )NP latest plan (S (VP to (VP emerge (PP from (NP bankruptcy-law protection )NP )PP )VP )VP )S )NP (VP is (ADJP (ADJP far riskier )ADJP (PP than (NP (NP an earlier one )NP (SBAR (WHNP which )WHNP (S (VP won (NP (NP the creditors ' )NP approval )NP )VP )S )SBAR )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (PP According (PP to (NP (NP one person )NP (ADJP present (PP at (NP the meeting )NP )PP )ADJP )NP )PP )PP , (NP (NP Eastern 's )NP new plan )NP (VP is (ADJP financially `` overly optimistic )ADJP )VP . '' )S  STOP
(S (S (VP Asked (PP about (NP (NP the consultants ' )NP reports )NP )PP )VP )S , (NP an Eastern spokeswoman )NP (VP said (SBAR `` (S (NP we )NP (VP (ADVP totally )ADVP disagree )VP )S )SBAR )VP . '' )S  STOP
(S (NP She )NP (VP said (SBAR (S (NP they )NP (VP have `` (VP (VP *UNKED )VP and (VP made (NP (NP some *UNK assumptions )NP (SBAR (WHNP that )WHNP (S (VP make (S (NP their analysis )NP (ADJP completely *UNK- )ADJP )S )VP )S )SBAR )NP )VP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (PP At (NP a later news conference here )NP )PP , (NP (NP Frank Lorenzo )NP , (NP (NP chairman )NP (PP of (NP (NP Eastern 's )NP parent Texas Air Corp. )NP )PP )NP , )NP (VP (VP said (SBAR (S (NP Eastern )NP (VP was (VP exceeding (NP (NP its goals )NP (PP for (S (VP getting (ADVP back (PP into (NP operation )NP )PP )ADVP )VP )S )PP )NP )VP )VP )S )SBAR )VP and (VP predicted (SBAR (S (NP it )NP (VP would (VP emerge (PP from (NP (NP Chapter 11 protection )NP (PP from (NP creditors )NP )PP )NP )PP (NP early next year )NP , (S (VP operating (PP with (NP (NP more service )NP (SBAR than (S (NP it )NP (ADVP originally )ADVP (VP had (VP scheduled )VP )VP )S )SBAR )NP )PP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP He )NP (VP insisted , (SBAR as (S (NP he )NP (VP has (VP (ADVP before )ADVP )VP )VP )S )SBAR , (SBAR that (S (NP creditors )NP (VP would (VP be (VP paid (PP in (ADJP full )ADJP )PP (PP under (NP the plan )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Lorenzo )NP (VP made (NP (NP no mention )NP (PP of (NP (NP (NP creditors ' )NP negative response )NP (PP to (NP his plan )NP )PP )NP )PP )NP )VP . )S  STOP
(S `` (S (NP We )NP (VP (VP 're (PP in (NP (NP the process )NP (PP of (S (VP discussing (NP an amended plan )NP (PP with (NP the creditors )NP )PP )VP )S )PP )NP )PP )VP and (VP anticipate (S (VP filing (NP that amended plan )NP (ADVP shortly )ADVP )VP )S )VP )VP )S , '' (NP Mr. Lorenzo )NP (VP told (NP reporters )NP )VP . )S  STOP
(S `` (S (NP We )NP (VP 're (VP meeting and *UNKING (NP our goals )NP )VP )VP )S , '' (NP he )NP (VP added )VP . )S  STOP
(S (PP In (NP July )NP )PP , (NP (NP Eastern )NP and (NP its creditors )NP )NP (VP agreed (PP on (NP (NP a reorganization plan )NP (SBAR (WHNP that )WHNP (S (VP called (SBAR for (S (NP Eastern )NP (VP (VP to (VP sell (NP (NP (QP $ 1.8 billion )QP )NP (PP in (NP assets )NP )PP )NP )VP )VP and (VP to (VP emerge (PP from (NP bankruptcy-law protection )NP )PP (PP at (NP (QP two-thirds )QP its former size )NP )PP )VP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP . )S  STOP
(S But (PP after (S (VP selling (PRT off )PRT (NP (NP pieces )NP (PP such as (NP (NP its East Coast shuttle )NP , (NP its Philadelphia *UNK )NP and (NP various planes )NP )NP )PP )NP )VP )S )PP , (NP Eastern )NP (VP hit (NP a *UNKING block )NP )VP . )S  STOP
(S (NP It )NP (VP could n't (VP sell (NP (NP its South American routes )NP , (NP (NP one )NP (PP of (NP (NP the major assets )NP (VP marked (PP for (NP disposal )NP )PP )VP )NP )PP )NP )NP )VP )VP . )S  STOP
(S (NP (NP Those routes )NP , (VP valued (PP by (NP (NP the creditors ' )NP professionals )NP )PP (PP at (NP (QP about $ 400 million )QP )NP )PP )VP , )NP (VP were (S (VP to (VP be (VP sold (PP to (NP (NP AMR Corp. 's )NP American Airlines )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP (NP A *UNK- *UNK )NP (PP in (NP (NP negotiations )NP (PP with (NP AMR )NP )PP )NP )PP , (PP over (NP (NP an unrelated lawsuit )NP (PP between (NP (NP American )NP and (NP another Texas Air unit )NP )NP )PP )NP )PP , )NP (VP caused (S (NP the deal )NP (VP to (VP collapse )VP )VP )S )VP . )S  STOP
(S (NP Eastern )NP (ADVP ultimately )ADVP (VP decided (SBAR (S (NP it )NP (VP would (VP have (S (VP to (VP keep and operate (NP the routes )NP (NP itself )NP )VP )VP )S )VP )VP )S )SBAR , (SBAR (WHNP which )WHNP (S (VP would (VP leave (NP it )NP (PP with (NP (NP less cash )NP (PP for (NP its reorganization )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP would (VP leave (S (NP Eastern )NP (NP (NP a bigger carrier )NP (PP than (NP (NP the *UNK- one )NP (VP proposed (PP under (NP the initial plan )NP )PP )VP )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP (NP Those changes )NP (PP in (NP its condition )NP )PP )NP (VP meant (SBAR (S (NP (NP the reorganization plan )NP (VP (ADVP previously )ADVP presented (PP to (NP creditors )NP )PP )VP )NP (VP would (VP have (S (VP to (VP be (VP revamped )VP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Since (NP then )NP )PP , (S (NP Eastern )NP (VP has (VP been (VP negotiating (PP with (NP creditors )NP )PP (PP over (NP revisions )NP )PP )VP )VP )VP )S , but (S (NP the creditors committee )NP (VP has (VP been (VP having (NP (NP problems )NP (PP with (NP the revisions )NP )PP )NP )VP )VP )VP )S . )S  STOP
(S (NP The committee )NP (VP has (NP (NP (NP two groups )NP (PP of (NP experts )NP )PP )NP (SBAR (S (NP it )NP (VP calls (PP on )PP (S (VP to (VP analyze (NP (NP Eastern 's )NP plans )NP )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Both )NP (VP said (SBAR (S (NP the new plan )NP (VP would n't (VP work )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Ernst & Young )NP (VP said (SBAR (SBAR (S (NP (NP Eastern 's )NP plans )NP (VP will (VP miss (NP (NP its projections )NP (PP of (NP (NP earnings )NP (PP before (NP interest , tax and depreciation )NP )PP )NP )PP )NP (PP by (NP (QP $ 100 million )QP )NP )PP )VP )VP )S )SBAR , and (SBAR that (S (NP (NP Eastern 's )NP plan )NP (VP presented (NP no comfort level )NP )VP )S )SBAR , (PP according (PP to (NP (NP a source )NP (ADJP present (PP at (NP (NP yesterday 's )NP session )NP )PP )ADJP )NP )PP )PP )SBAR )VP . )S  STOP
(S (S (NP (NP Experts )NP (PP from (NP Goldman Sachs )NP )PP )NP (VP estimated (SBAR (S (NP Eastern )NP (VP would (VP miss (NP the same mark )NP (PP by (NP (QP $ 120 million to $ 135 million )QP )NP )PP )VP )VP )S )SBAR )VP )S , (NP the source )NP (VP said )VP . )S  STOP
(S (NP The experts )NP (VP said (SBAR (S (NP they )NP (VP expected (SBAR (SBAR (S (NP Eastern )NP (VP would (VP have (S (VP to (VP issue (NP new debt )NP )VP )VP )S (S (VP to (VP cover (NP its costs )NP )VP )VP )S )VP )VP )S )SBAR , and (SBAR that (S (NP it )NP (VP would (VP generate (NP (NP (ADJP far less )ADJP cash )NP (PP than (SBAR (S (VP anticipated )VP )S )SBAR )PP )NP )VP )VP )S )SBAR )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Other costs )NP )NP (ADVP also )ADVP (VP would (VP increase )VP , (PP including (NP maintenance )NP )PP , (SBAR because (S (NP Eastern )NP (VP has (NP an older fleet )NP )VP )S )SBAR )VP . )S  STOP
(S (PP At (NP the news conference )NP )PP , (NP (NP Mr. Lorenzo )NP and (NP Eastern President Phil *UNKC )NP )NP (VP presented (NP a (ADJP far *UNK )ADJP assessment )NP )VP . )S  STOP
(S (S (VP *UNKED (PP by (NP (NP (NP flight attendants )NP , (NP pilots )NP and (NP *UNK agents )NP )NP (VP *UNKED (PP in (NP *UNK new blue *UNK )NP )PP )VP )NP )PP )VP )S , (NP they )NP (VP said (SBAR (S (NP Eastern )NP (VP (VP has (VP exceeded (NP its operational goals )NP )VP )VP and (VP is (VP filling (NP its seats )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (S (VP *UNKING (NP next month )NP )VP )S , (NP Eastern )NP (VP will (VP begin (S (VP flying (NP *UNKN flights )NP (ADVP daily )ADVP (PP instead of (NP the (ADJP previously announced )ADJP 700 )NP )PP )VP )S )VP )VP )S , (NP they )NP (VP said )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP (VP declined (S (VP to (VP give (ADVP out )ADVP (NP (NP Eastern 's )NP daily losses )NP )VP )VP )S )VP , but (VP said (SBAR (S (NP he )NP (VP did n't (VP expect (SBAR (S (NP Eastern )NP (VP would (VP have (S (VP to (VP *UNK (PP into (NP (NP (NP the cash )NP (PP from (NP asset sales )NP )PP )NP (VP (ADVP currently )ADVP held (PP in (NP *UNK )NP )PP )VP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP These accounts )NP (VP hold (NP (NP several hundred million dollars )NP , (PP (ADVP primarily )ADVP from (NP asset sales )NP )PP )NP )VP . )S  STOP
(S (NP (NP The plan )NP (SBAR (S (NP Eastern )NP (VP hopes (S (VP to (VP pursue )VP )VP )S )VP )S )SBAR )NP (PRN , (S (NP he )NP (VP said )VP )S , )PRN (VP calls (SBAR for (S (NP Eastern )NP (VP to (VP have (NP (NP (QP $ *UNKN million )QP )NP (PP in (NP cash )NP )PP )NP (PP by (NP (NP year 's )NP end )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Both (NP (NP he )NP and (NP Mr. Lorenzo )NP )NP )NP (VP predicted (SBAR (S (NP that plan )NP (VP might (VP be (VP confirmed (PP in (NP January )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP As (PP to (NP (NP negotiations )NP (PP with (NP creditors )NP )PP )NP )PP )PP , (NP Mr. Lorenzo )NP (VP said (PP in (NP (NP remarks )NP (PP after (NP the conference )NP )PP )NP )PP `` (SBAR (S (NP we )NP (VP 'll (VP have (S (VP to (VP see (SBAR (WHADVP how )WHADVP (S (NP (NP they )NP (PRN -LCB- (NP talks )NP -RCB- )PRN )NP (VP come (PRT along )PRT )VP )S )SBAR )VP )VP )S )VP )VP )S )SBAR )VP . '' )S  STOP
(S (ADVP However )ADVP , (NP he )NP (VP added , `` (S (NP (NP it )NP )NP (VP 's not (NP a requirement )NP (SBAR that (S (NP the plan )NP (VP be (VP accepted (PP by (NP creditors )NP )PP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP It )NP (VP must (VP be (VP accepted (PP by (NP the court )NP )PP )VP )VP )VP . '' )S  STOP
(S (PP Under (NP bankruptcy law )NP )PP , (NP Eastern )NP (VP has (NP (NP exclusive rights )NP (PP for (NP a certain period )NP )PP (S (VP to (VP develop (NP its own reorganization plan )NP )VP )VP )S )NP )VP . )S  STOP
(S (NP That deadline )NP (VP (VP has (VP been (VP extended (ADVP once )ADVP )VP )VP )VP and (VP could (VP be (VP extended (ADVP again )ADVP )VP )VP )VP )VP . )S  STOP
(S (SBAR If (S (NP Eastern )NP (VP can (VP get (NP creditor support )NP )VP )VP )S )SBAR , (NP (NP court confirmation )NP (PP of (NP its plan )NP )PP )NP (VP could (VP be (ADJP relatively *UNK )ADJP )VP )VP . )S  STOP
(S But (S (NP creditors )NP (VP are (ADJP free (S (VP to (VP press (PP for (NP (NP court approval )NP (PP of (NP their own plan )NP )PP )NP )PP )VP )VP )S )ADJP )VP )S , or (S (NP the court )NP (VP could (VP (VP ignore (NP both sides )NP )VP and (VP draw (NP its own )NP )VP )VP )VP )S . )S  STOP
(S (PP In (NP any event )NP )PP , (NP (NP some people )NP (ADJP familiar (PP with (NP the case )NP )PP )ADJP )NP (VP question (SBAR whether (S (NP the court )NP (VP will (VP act (PP by (NP January )NP )PP (SBAR as (S (VP forecast (PP by (NP (NP Mr. Lorenzo )NP and (NP Mr. *UNKC )NP )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Eastern )NP (VP sought (NP bankruptcy-law protection )NP (SBAR (NP a few days )NP after (S (NP a *UNKING strike )NP (VP began (NP March 4 )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Lorenzo )NP (VP told (NP reporters )NP (SBAR (S (NP (NP the reorganization )NP (SBAR (S (NP Eastern )NP (VP is (VP pursuing )VP )VP )S )SBAR )NP (VP would (VP create (NP (NP a carrier )NP (NP (NP (QP 85 % to 90 % )QP )NP (PP of (NP (NP the size )NP (PP of (NP the *UNK- Eastern )NP )PP )NP )PP )NP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP projected (SBAR (S (NP it )NP (VP would (VP be (VP operating (NP (NP (NP (QP about 1,000 )QP flights )NP (NP a day )NP (PP by (NP late spring )NP )PP )NP , (ADJP (ADJP only slightly fewer )ADJP (PP than (NP (NP (NP the carrier 's )NP old volume )NP (PP of (NP (NP *UNKN )NP (NP a day )NP )NP )PP )NP )PP )ADJP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP OF (S (VP *UNKC (NP the corporate minimum tax )NP (PP before (NP 1990 )NP )PP )VP )S )PP )NP (VP are (VP weakening )VP )VP . )S  STOP
(S (NP (NP The method )NP (PP of (S (VP *UNKING (NP (NP the (ADJP 20 % )ADJP tax )NP , (VP paid (SBAR if (S (NP it )NP (VP exceeds (NP (NP tax )NP (VP figured (NP the regular way )NP )VP )NP )VP )S )SBAR )VP )NP )VP )S )PP )NP , (VP is (ADJP due (PP for (NP a change )NP )PP )ADJP (PP in (NP 1990 )NP )PP , (NP (NP thanks )NP (PP to (NP (NP 1986 's )NP tax act )NP )PP )NP )VP . )S  STOP
(S (S But (NP most experts )NP (VP agree (SBAR that (S (NP (NP the concept )NP (SBAR (WHNP that )WHNP (S (VP is (S (VP to (VP be (VP introduced )VP )VP )VP )S )VP )S )SBAR )NP (VP *UNK (ADVP in )ADVP (NP great *UNK )NP )VP )S )SBAR )VP )S ; (S (NP they )NP (VP have (VP been (VP trying (S (VP to (VP head (NP it )NP (PRT off )PRT (NP this year )NP )VP )VP )S )VP )VP )VP )S . )S  STOP
(S (S (NP Ways and Means Chairman *UNKC )NP (VP backed (NP (NP a *UNK plan )NP (PP in (NP the pending House tax bill )NP )PP )NP )VP )S , but (S (NP the plan )NP (VP turns (PRT out )PRT (S (VP to (VP be (NP a big revenue *UNK )NP )VP )VP )S )VP )S . )S  STOP
(S (ADVP Now )ADVP (NP (NP the Senate 's )NP *UNK- bill )NP (VP *UNK (NP any proposal (S (VP to (VP deal (PP with (NP the corporate tax )NP )PP )VP )VP )S )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP *UNK )NP )PP )NP (VP fear (SBAR that (S (NP (NP the chances )NP (PP of (S (VP getting (NP it )NP (PP into (NP the final bill )NP )PP )VP )S )PP )NP (VP are (VP *UNKING )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP We )NP (VP hear (SBAR (S (NP it )NP (VP has (NP low priority )NP (PP on (NP the House side )NP )PP )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP Samuel *UNKC )NP (PP of (NP Coopers & *UNKC , *UNKC )NP )PP )NP . )SINV  STOP
(S (SBAR If (S (NP the law )NP (VP is n't (VP changed )VP )VP )S )SBAR (PRN , (S (NP he )NP (VP says )VP )S , )PRN `` (NP we )NP (VP are (VP left (S (VP *UNKING (PP at (NP (NP rules )NP (SBAR (WHNP that )WHNP (S (VP are (ADJP almost impossible (SBAR (S (VP to (VP *UNK )VP )VP )S )SBAR )ADJP , (SBAR because (S (NP there )NP (VP are (NP (NP (ADJP so many )ADJP complex depreciation calculations )NP (SBAR (S (VP to (VP do )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )S )VP )VP . '' )S  STOP
(S (S But (NP Congress )NP (ADVP still )ADVP (VP could (VP resolve (NP (NP the issue )NP (PP with (NP other legislation )NP )PP )NP (NP (NP this year )NP or (NP next )NP )NP )VP )VP )S , (NP *UNKC )NP (VP adds )VP . )S  STOP
(S (NP (NP *UNKC 'S )NP *UNKC )NP (VP may (VP be (VP offset (PP by (NP (NP immediate claims )NP (PP for (NP tax refunds )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP This law )NP (VP *UNK (NP (NP (NP *UNKED *UNK )NP (VP named (PP by (NP the president )NP )PP (PP as (NP disaster areas )NP )PP )VP )NP , (CONJP as well as )CONJP (NP (NP regions )NP (VP (ADVP so )ADVP designated (PP after (NP other 1989 disasters )NP )PP )VP )NP )NP )VP . )S  STOP
(S (S (NP It )NP (VP *UNK (S (NP victims )NP (VP *UNK (S (VP to (VP *UNK (NP casualty losses )NP (PP on (NP (NP either (NP 1989 )NP or (NP amended 1988 )NP returns )NP , (SBAR (WHNP *UNK )WHNP (S (VP offers (NP the larger tax benefit )NP )VP )S )SBAR )NP )PP )VP )VP )S )VP )S )VP )S ; (S (NP they )NP (VP have (PP until (NP April 16 )NP )PP (S (VP to (VP choose )VP )VP )S )VP )S . )S  STOP
(SINV (S (S (S (VP *UNKING (S (NP a 1988 return )NP (VP to (VP claim (NP a refund )NP )VP )VP )S )VP )S (VP brings (NP cash )NP (ADVP faster )ADVP )VP )S ; (S but (PP for (NP personal losses )NP )PP , (NP there )NP (VP are (NP (NP other factors )NP (SBAR (S (VP to (VP consider )VP )VP )S )SBAR )NP )VP )S )S , (VP notes )VP (NP publisher *UNKC Hall )NP . )SINV  STOP
(S (S (NP A loss )NP (PRN -- (PP after (NP insurance *UNK )NP )PP -- )PRN (VP is (ADJP deductible )ADJP (PP (ADVP only )ADVP to (NP the extent (SBAR (SBAR that (S (NP it )NP (VP exceeds (NP $ 100 )NP )VP )S )SBAR and (SBAR that (S (NP (NP the year 's )NP total losses )NP (VP exceed (NP (NP 10 % )NP (PP of (NP adjusted gross income )NP )PP )NP )VP )S )SBAR )SBAR )NP )PP )VP )S ; (S (NP victims )NP (VP may (VP pick (NP (NP the year )NP (SBAR (WHADVP when )WHADVP (S (S (NP income )NP (VP is (ADJP lower )ADJP )VP )S and (S (NP deductions )NP (ADJP higher )ADJP )S )S )SBAR )NP )VP )VP )S . )S  STOP
(S (PP In (S (VP filing (NP an (ADJP (ADJP original )ADJP (PRN -LRB- (ADJP not amended )ADJP -RRB- )PRN )ADJP return )NP )VP )S )PP , (S (NP a couple )NP (VP should (VP consider (SBAR (SBAR whether (S (NP damaged property )NP (VP is (VP owned (ADVP jointly or separately )ADVP )VP )VP )S )SBAR and (SBAR whether (S (NP one *UNK )NP (VP has (NP larger income )NP )VP )S )SBAR )SBAR )VP )VP )S ; (S (NP that )NP (VP may (VP determine (SBAR whether (S (NP they )NP (VP should (VP file (ADVP jointly or separately )ADVP )VP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (NP THE IRS )NP (VP *UNKC (NP several deadlines )NP (PP for (NP (NP Hugo 's )NP victims )NP )PP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP for (NP 1988 )NP )PP (PP from (NP (NP people )NP (PP with (NP six-month filing *UNK )NP )PP )NP )PP )NP (VP were (ADJP due )ADJP (NP Monday )NP )VP )S , but (S (NP the IRS )NP (VP says (SBAR (S (NP (NP people )NP (PP in (NP the disaster areas )NP )PP )NP (VP wo n't (VP be (VP *UNKED (PP for (NP late filing )NP )PP (SBAR if (S (NP their returns )NP (VP are (VP (VP marked (S `` (NP Hugo )NP '' )S )VP and (VP *UNKED (PP by (NP Jan. 16 )NP )PP )VP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (S (NP Interest )NP (VP will (VP be (VP imposed (PP on (NP unpaid taxes )NP )PP )VP )VP )VP )S , but (S (NP (NP *UNK- penalties )NP (PP on (NP the returns )NP )PP )NP (VP will (VP be (VP *UNKED )VP )VP )VP (SBAR if (S (NP (NP the balance )NP (ADJP due and paid )ADJP )NP (VP is (NP (NP (QP 10 % or less )QP )NP (PP of (NP the liability )NP )PP )NP )VP )S )SBAR )S . )S  STOP
(S (NP IRS *UNKC *UNKN )NP (VP describes (NP (NP (NP this )NP and (NP other deadline relief )NP )NP (PP for (NP (NP Hugo 's )NP victims )NP )PP )NP )VP . )S  STOP
(S (PP Among (NP the provisions )NP )PP : (NP (NP *UNKC taxpayers )NP (PP with (NP (NP returns )NP (ADJP due (NP last Monday )NP )ADJP )NP )PP )NP (VP wo n't (VP be (VP *UNKED (SBAR if (S (NP they )NP (VP (VP file (PRN -- or (VP request (NP an extension )NP )VP -- )PRN )VP and (VP pay (NP (NP tax )NP (ADJP due (PP by (NP Nov. 15 )NP )PP )ADJP )NP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP (NP *UNKC returns )NP (ADJP due (PP by (NP (NP Oct. 31 )NP or (NP Nov. 30 )NP )NP )PP )ADJP )NP (VP may (VP be (VP delayed (PP to (NP Jan. 16 )NP )PP )VP )VP )VP . )S  STOP
(S (S (NP *UNKC )NP (VP ca n't (VP be (VP granted (PP (PP for (S (VP filing (NP (NP *UNK- returns )NP (ADJP due (NP Oct. 31 )NP )ADJP )NP )VP )S )PP or (PP for (S (VP *UNKING (NP withheld taxes )NP )VP )S )PP )PP )VP )VP )VP )S , but (S (NP late penalties )NP (VP will (VP be (VP *UNKED (PP for (NP (NP deposits )NP (VP made (PP by (NP Nov. 15 )NP )PP )VP )NP )PP )VP )VP )VP )S . )S  STOP
(S (NP The notice )NP (ADVP also )ADVP (VP grants (NP relief )NP (PP for (NP certain *UNK- returns )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP (PP in (NP a chartered boat )NP )PP )NP (VP were (NP (NP *UNK )NP (PP for (NP (NP (NP permanent staffers )NP (PP of (NP (NP American Business Service Corp. )NP , (NP (NP a (NAC Costa Mesa , Calif. , )NAC supplier )NP (PP of (NP temporary workers )NP )PP )NP )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (NP The IRS )NP (VP denied (NP cost deductions )NP (SBAR because (S (NP (NP few )NP (PP of (NP the *UNK )NP )PP )NP (VP got (S (VP to (VP go (ADVP aboard )ADVP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S But (NP the Tax Court )NP (VP (VP said (SBAR (S (NP the limitations )NP (VP were (ADJP reasonable and realistic )ADJP )VP )S )SBAR )VP and (VP allowed (NP the deductions )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP (SBAR (WHNP who )WHNP (S (VP try (S (VP to (VP avoid (NP sales tax )NP (PP by (S (VP *UNKING (NP (NP prices )NP (VP paid (PP in (NP private deals )NP )PP )VP )NP )VP )S )PP )VP )VP )S )VP )S )SBAR )NP (VP are (NP (NP the targets )NP (PP of (NP a New York drive )NP )PP )NP )VP . )S  STOP
(S (S (VP *UNKING (SBAR that (S (NP the state )NP (VP may (VP lose (NP (NP (QP $ 15 million )QP )NP (NP a year )NP )NP )VP )VP )S )SBAR )VP )S , (NP officials )NP (VP announced (NP (NP the filing )NP (PP of (NP (NP 15 criminal actions )NP and (NP `` (NP hundreds )NP '' (PP of (NP civil penalties )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (SBAR (WHADVP *UNKC )WHADVP (S (NP *UNK IRA *UNKC )NP (VP *UNK )VP )S )SBAR , (NP (NP the trustee )NP (PP of (NP the individual retirement account )NP )PP )NP (VP must (VP file (NP (NP forms *UNKN )NP (VP reporting (NP (NP market values )NP (VP relating (PP to (NP (NP the *UNK )NP and (NP each *UNK )NP )NP )PP )VP )NP )VP )NP , (PP with (NP (NP copies )NP (PP to (NP the *UNK and beneficiaries )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP IRS Revenue *UNKC *UNKN )NP (VP describes (NP the reporting requirements )NP )VP . )S  STOP
(SINV (ADJP *UNKC (PP *UNKC (NP A *UNKC )NP )PP )ADJP (VP was )VP (NP (NP (NP this cash *UNK 's )NP reputation )NP (PP for (NP *UNK )NP )PP )NP . )SINV  STOP
(S (NP People )NP (ADVP often )ADVP (VP cite (NP (NP *UNK )NP and (NP (NP *UNK )NP (PP of (NP banks )NP )PP )NP )NP (S (VP to (VP justify (NP cash *UNK )NP (PP to (NP the IRS )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC *UNKC Brown )NP (PP of (NP (NP *UNKC )NP , (NP Calif. )NP , )NP )PP (NP a *UNKING , *UNK young *UNK )NP , )NP (VP told (NP that story )NP (PP to (NP the Tax Court )NP )PP )VP . )S  STOP
(S (S But (NP judges )NP (ADVP usually )ADVP (VP find (SBAR (S (NP the real aim )NP (VP is (S (VP to (VP escape (NP (NP tax )NP (PP on (NP hidden income )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP )S ; and (S (NP the IRS )NP (VP said (SBAR (S (NP Brown )NP (VP must (VP have (VP had (NP such income )NP (PRN -- (SBAR although (S (NP it )NP (VP uncovered (NP no source )NP )VP )S )SBAR -- )PRN (SBAR because (S (NP he )NP (VP *UNKED (NP $ *UNKN )NP (PP in (NP a bank account )NP )PP (PP in (NP *UNKN )NP )PP (SBAR while (S (VP reporting (NP (NP income )NP (PP of (NP (QP only $ *UNKN )QP )NP )PP )NP )VP )S )SBAR )VP )S )SBAR )VP )VP )VP )S )SBAR )VP )S . )S  STOP
(NP (NP (NP Brown 's )NP story )NP : )NP  STOP
(S (S (NP The deposits )NP (VP came (PP from (NP (NP savings )NP (VP kept (PP in (NP a *UNKC *UNK )NP )PP )VP )NP )PP )VP )S ; (S (NP he )NP (VP (VP saved (NP (NP $ *UNKN )NP (PP in (NP *UNKN )NP )PP )NP (PP by (S (VP (VP (VP living (PP with (NP family members )NP )PP )VP and (VP *UNKING (NP *UNK )NP )VP )VP )VP )S )PP )VP and (VP (NP (NP $ *UNKN )NP (PP of (NP (NP secret gifts )NP (PP from (NP (NP his *UNK father )NP , (SBAR (WHNP who )WHNP (S (VP had (VP abandoned (NP the family )NP (PP in (NP *UNKN )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )VP )VP )S . )S  STOP
(S (S (NP Brown )NP (VP had (NP no proof )NP )VP )S ; but (S (NP (NP testimony )NP (PP of (NP his mother and *UNK )NP )PP (PP about (NP his father )NP )PP and (NP (PP of (NP an *UNK- )NP )PP (PP about (NP his *UNK and habits )NP )PP )NP )NP (VP satisfied (NP a judge )NP (SBAR that (S (S (NP Brown )NP (VP was (ADJP *UNK )ADJP )VP )S and (S (NP (NP his tale )NP (PP of (NP gifts )NP )PP )NP (VP was (ADJP possible )ADJP )VP )S )S )SBAR )VP )S . )S  STOP
(S (S (NP The IRS )NP (VP offered (NP (NP no evidence )NP (PP of (NP (NP hidden sources )NP (PP of (NP taxable income )NP )PP )NP )PP )NP )VP )S , so (S (NP Judge *UNKC )NP (VP rejected (NP its claims )NP )VP )S . )S  STOP
(NP *UNKC : )NP  STOP
(S (S (VP Asked (SBAR (WHADVP how )WHADVP (S (NP he )NP (VP made (NP (NP charitable gifts )NP (PP of (NP $ *UNKN )NP )PP )NP (ADVP out (PP of (NP (NP reported two-year income )NP (PP of (NP $ *UNKN )NP )PP )NP )PP )ADVP )VP )S )SBAR )VP )S , (NP (NP Thomas H. *UNKC )NP (PP of (NP (NP *UNKC )NP , (NP Texas )NP , )NP )PP )NP (VP told (NP the Tax Court )NP (SBAR (S (NP he )NP (VP had (VP *UNKED (NP his income )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The court )NP (VP (VP rejected (NP his *UNK claims )NP )VP , (VP denied (NP his deductions )NP )VP , and (VP imposed (NP a *UNK penalty )NP )VP )VP ... . )S  STOP
(S (NP (NP Rep. *UNKC )NP (PRN -LRB- (NP (NP R. )NP , (NP Colo. )NP )NP -RRB- )PRN )NP (VP entered (NP (NP a bill )NP (SBAR (S (VP to (VP exempt (PP from (NP tax )NP )PP (NP (NP rewards )NP (PP for (NP (NP *UNK )NP (VP leading (PP to (NP (NP the arrest )NP (PP of (NP violent criminals )NP )PP )NP )PP )VP )NP )PP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP *UNKC Peterson )NP (VP (VP *UNK (NP her *UNK )NP )VP and (VP *UNK (PRT up )PRT (NP (NP yet another steep , *UNK path )NP (ADJP seemingly *UNK (PP (ADVP only )ADVP for (NP mountain *UNK )NP )PP )ADJP )NP )VP )VP . )S  STOP
(S (PP After (NP a *UNK climb )NP )PP , (NP she )NP (VP is (VP *UNKED (PP by (NP (NP a *UNK- *UNK )NP : (NP (NP a *UNK )NP (PP of (NP golden *UNK )NP )PP (PP under (NP an *UNK *UNKC *UNK )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP This place )NP (VP is (NP (NP (NP 12 miles )NP (PP into (NP the back country )NP )PP )NP -- (UCP (NP (NP a *UNK- *UNK )NP (PP for (NP a *UNK )NP )PP )NP , but (VP reached (PP by (NP (NP Ms. Peterson )NP and (NP six others )NP )NP )PP (PP in (NP (NP a mere two hours )NP (PP of (S (VP *UNKING (NP *UNKED mountain bikes )NP )VP )S )PP )NP )PP )VP )UCP )NP )VP . )S  STOP
(S `` (NP This )NP (PRN , '' (SINV (VP says )VP (NP Ms. Peterson )NP )SINV , `` )PRN (VP is (SBAR (WHNP what )WHNP (S (NP it )NP (VP 's all (PP about )PP )VP )S )SBAR )VP . '' )S  STOP
(S (ADVP (NP *UNKC hundred miles )NP away )ADVP , (NP (NP *UNK )NP (PP at (NP a (NAC *UNKC County , Calif. , )NAC state park )NP )PP )NP (VP are (PP among (NP (NP the many )NP (SBAR (WHNP who )WHNP (S (VP do n't (VP (ADVP quite )ADVP share (NP the enthusiasm )NP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP This summer )NP , (NP *UNKING *UNK )NP (VP were (VP blamed (PP for (NP (NP (NP an accident )NP (PP in (NP the *UNKC County park )NP )PP )NP , (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP (NP a horse )NP (PRN -- (VP *UNKED (PP on (NP (NP a trail )NP (SBAR (WHNP that )WHNP (S (VP was (VP closed (PP to (NP *UNK )NP )PP )VP )VP )S )SBAR )NP )PP )VP -- )PRN )NP (VP broke (NP its leg )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (S (NP The animal )NP (VP had (S (VP to (VP be (VP destroyed )VP )VP )VP )S )VP )S ; (S (NP the *UNK )NP (VP (VP fled )VP and (VP were (ADVP never )ADVP (VP found )VP )VP )VP )S . )S  STOP
(S (PP In (NP (NP numerous *UNK )NP (PP near (NP San Francisco )NP )PP )NP )PP , (NP *UNK )NP (VP have (VP been (VP forced (S (VP to (VP (VP close (NP *UNK )NP )VP , (VP set (PRT up )PRT (NP speed *UNK )NP )VP and (VP use (NP radar *UNK )NP )VP (S (VP to (VP curb (NP (ADJP fast and reckless )ADJP riding )NP )VP )VP )S )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP They )NP (VP have (VP (ADVP even )ADVP sent (NP *UNK )NP (PP in (NP (NP pursuit )NP (PP of (NP *UNK )NP )PP )NP )PP (SBAR after (S (NP *UNK and *UNK )NP (VP complained (SBAR (S (NP they )NP (VP were (VP being (VP driven (PP from (NP *UNK )NP )PP )VP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP were (VP being (VP *UNK )VP )VP )VP )S , '' (VP says )VP (NP (NP Steve *UNKC )NP , (NP (NP trails *UNK )NP (PP of (NP the East Bay *UNKC Park District )NP )PP )NP )NP . )SINV  STOP
(S (ADVP (NP Two years )NP ago )ADVP , (NP the district )NP (VP decided (S (VP to (VP limit (NP the bikes )NP (PP to (NP (NP fire roads )NP (PP in (NP its *UNKN *UNKLY acres )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP From (NP about 200,000 )NP (ADVP (NP six years )NP ago )ADVP )PP , (NP (NP the number )NP (PP of (NP mountain bikes )NP )PP (PP in (NP the U.S. )NP )PP )NP (VP is (VP expected (S (VP to (VP grow (PP to (NP 10 million )NP (PP in (NP 1990 )NP )PP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (QP At least half )QP that growth )NP (VP will (VP have (VP come (PP in (NP (NP the past three years )NP (ADVP alone )ADVP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP The controversy )NP (VP kicked (PRT up )PRT (PP by (NP (NP the proliferation )NP (PP of (NP these *UNK- *UNK )NP )PP )NP )PP )VP )NP (VP is (NP (NP one )NP (PP of (NP (NP the (ADJP most *UNK )ADJP *UNK )NP (SBAR (S (VP to (VP blow (PP through (NP the national *UNK movement )NP )PP (PP in (NP recent memory )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PRN -- (S (NP (NP many )NP (PP of (NP them )NP )PP )NP (NP *UNK environmentalists )NP )S -- )PRN )NP (VP *UNK (S (NP their sport )NP (NP (NP an efficient , safe , *UNKING way )NP (SBAR (S (VP to (VP get (ADVP back (PP to (NP nature )NP )PP )ADVP )VP )VP )S )SBAR )NP )S , (SBAR while (S (VP *UNKING (NP (NP a right )NP , (PP as (NP taxpayers )NP )PP , (S (VP to (VP *UNK (PP on (NP public *UNK )NP )PP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP (NP the bikes ' )NP *UNKING numbers )NP , (NP safety concerns )NP and (NP fear (SBAR that (S (NP they )NP (VP damage (NP fragile *UNK )NP )VP )S )SBAR )NP )NP (VP have (VP prompted (NP (NP *UNK )NP , (PP (PP from (NP the *UNKC )NP )PP (PP to (NP the Eastern *UNKC )NP )PP )PP , (S (VP to (VP ban (NP them )NP (PP from (NP the back country )NP )PP )VP )VP )S )NP )VP )VP . )S  STOP
(SINV (ADJP *UNKC (PP to (NP the issue )NP )PP )ADJP (VP is )VP (SBAR that (S (S (NP the bikes )NP , (PP in (NP *UNK hands )NP )PP , (VP can (VP go (ADVP virtually anywhere )ADVP )VP )VP , )S and (S (PP in (NP reckless hands )NP )PP (VP can (VP become (NP (NP vehicles )NP (PP of (NP *UNK )NP )PP )NP )VP )VP )S )S )SBAR . )SINV  STOP
(S (NP An *UNK *UNK )NP (VP can (VP leap (PP from (NP a dead stop )NP )PP (PP to (NP (NP the top )NP (PP of (NP a *UNK table )NP )PP )NP )PP (PP without (S (VP losing (NP balance )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP Such skills )NP (VP allow (S (NP riders )NP (VP to (VP (VP fly (PP down (NP *UNK mountain grades )NP )PP (PP at (NP (NP *UNK )NP (PP of (NP (NP (QP up to 40 )QP miles )NP (NP an hour )NP )NP )PP )NP )PP )VP -- (NP (NP (NP a *UNK )NP (PP for (NP the *UNK )NP )PP )NP but (NP (NP a *UNK )NP (PP for (NP *UNKING *UNK or *UNK )NP )PP )NP )NP )VP )VP )S )VP . )S  STOP
(S (PP For (NP (NP *UNKED *UNK- managers )NP (PP across (NP the nation )NP )PP )NP )PP , (NP the response )NP (VP is (ADVP increasingly )ADVP (S (VP to (VP shut (NP the *UNK )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP The state )NP (PP of (NP California )NP )PP )NP , (S (VP following (NP (NP the lead )NP (PP of (NP some regional parks )NP )PP )NP )VP )S , (ADVP recently )ADVP (VP adopted (NP (NP regulations )NP (SBAR (WHNP that )WHNP (S (VP closed (NP (NP (ADJP nearly all )ADJP *UNKING *UNK )NP (PP in (NP state parks )NP )PP )NP (PP to (NP mountain *UNK )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The move )NP (ADVP largely )ADVP (VP *UNK (NP them )NP (PP to (NP (NP roads )NP (VP used (PP by (NP *UNKED vehicles )NP )PP )VP )NP )PP )VP . )S  STOP
(S (NP Most other states )NP (VP have (VP enacted (NP similar bans )NP )VP )VP . )S  STOP
(S (NP The bikes )NP (VP are (ADJP unwelcome )ADJP (PP on (NP (NP trails )NP (PP in (NP national parks )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Even the U.S. Forest Service )NP , (SBAR (WHNP whose *UNK `` *UNK- '' philosophy )WHNP (S (VP permits (NP *UNKED vehicles )NP (PP on (NP (NP thousands )NP (PP of (NP (NP miles )NP (PP of (NP (NP its trails )NP (PP across (NP the U.S. )NP )PP )NP )PP )NP )PP )NP )PP )VP )S )SBAR , )NP (VP has (VP begun (S (VP to (VP close (NP (NP some *UNK )NP )NP (PP to (NP the bikes )NP )PP , (PP including (NP (NP major *UNK )NP (PP of (NP (NP the popular Pacific *UNKC *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (PP from (NP California )NP )PP (PP to (NP Canada )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP *UNKC )ADVP (NP these closings )NP (VP come (PP after (NP (NP vigorous *UNK- lobbying )NP (PP by (NP (NP *UNK organizations )NP , (NP (NP the (ADJP politically *UNK )ADJP Sierra Club )NP (PP among (NP them )NP )PP )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Sierra )NP (VP has (VP been (ADJP *UNK )ADJP (PP in (S (VP *UNKING (NP (NP a number )NP (PP of (NP the California bans )NP )PP )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP It )NP (VP has (VP been (VP *UNKING (NP an *UNK- campaign (S (VP to (VP beat (ADVP back )ADVP (NP (NP a proposal )NP , (VP pushed (PP by (NP Utah bike groups )NP )PP )VP , (S (VP to (VP allow (NP the cycles )NP (PP in (NP (NP (ADJP federally designated )ADJP *UNK areas )NP , (SBAR (WHADVP where )WHADVP (S (NP they )NP (VP are (ADVP now )ADVP (VP prohibited )VP )VP )S )SBAR )NP )PP )VP )VP )S )NP )VP )VP )S )NP )VP )VP )VP . )S  STOP
(S (ADVP Yet )ADVP (NP (NP Sierra 's )NP *UNK- stance )NP (VP has (VP created (NP (NP something )NP (PP of (NP a *UNK )NP )PP )NP (PP in (NP (NP the organization )NP , (SBAR (WHNP which )WHNP (S (VP estimates (SBAR that (S (NP (NP 17 % )NP (PP of (NP its 500,000 members )NP )PP )NP (VP own (NP mountain bikes )NP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP from (NP these members )NP )PP )NP (VP prompted (NP the club )NP (ADVP recently )ADVP (S (VP to (VP *UNK (NP its *UNK- rhetoric )NP )VP )VP )S )VP )S ; (S (NP it )NP (ADVP no longer )ADVP , (PP for (NP example )NP )PP , (VP *UNK (NP the bikes )NP (PP into (NP (NP the same category )NP (PP as (NP (NP *UNK )NP and (NP other *UNKING *UNK- vehicles )NP )NP )PP )NP )PP )VP )S . )S  STOP
(S But (NP the club )NP (ADVP still )ADVP (VP insists (SBAR that (S (NP public *UNK )NP (VP ought (S (VP to (VP be (VP closed (PP to (NP the bikes )NP )PP (SBAR unless (S (NP studies )NP (VP indicate (SBAR (S (NP the bikes )NP (VP wo n't (VP *UNK (NP (NP the environment )NP or (NP other users )NP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (S (NP I )NP (VP have (NP a mountain bike )NP )VP )S , (S (ADVP yet )ADVP (PP as (NP a *UNK )NP )PP (NP I )NP (VP 've (VP been (VP run (PP off (NP the road )NP )PP (PP by (NP (NP kids )NP (VP *UNKING down (NP a fire trail )NP (PP on (NP them )NP )PP )VP )NP )PP )VP )VP )VP )S )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP an official )NP (PP at (NP (NP (NP Sierra 's )NP headquarters )NP (PP in (NP San Francisco )NP )PP )NP )PP )NP )NP , (S (VP *UNKING (NP (NP the concerns )NP (PP of (NP many members )NP )PP )NP )VP )S . )SINV  STOP
(SINV `` (S (NP (NP People )NP (SBAR (WHNP who )WHNP (S (VP feel (SBAR that (S (NP *UNK )NP (VP should (VP be (VP banned (PP from (NP an area )NP )PP )VP )VP )VP )S )SBAR )VP )S )SBAR )NP (VP are n't (VP looking (PP at (NP the whole picture )NP )PP )VP )VP )S , '' (VP complains )VP (NP (NP Mark *UNKC )NP , (NP (NP associate editor )NP (PP of (NP (NP Mountain and City *UNKING magazine )NP (PP in (NP (NP *UNKC Park )NP , (NP Calif )NP )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP Mr. *UNKC )NP (VP is (PP among (NP (NP (NP the *UNK )NP (PP of (NP *UNK )NP )PP )NP (SBAR (WHNP who )WHNP (S (VP got (NP (NP their first taste )NP (PP of (NP *UNK )NP )PP )NP (PP as (NP *UNK or *UNK )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (S (NP He )NP (VP says (SBAR (S (NP fellow *UNK )NP (VP show (NP (NP (NP the same concern )NP (PP for (NP the land )NP )PP )NP (SBAR (WHNP that )WHNP (S (NP they )NP (VP demonstrated (PP as (NP *UNK )NP )PP )VP )S )SBAR )NP )VP )S )SBAR )VP )S ; (S (NP many )NP (VP are (ADJP *UNKED (SBAR that (S (NP the *UNK community )NP (VP would (ADVP suddenly )ADVP (VP consider (S (NP them )NP (NP the enemy )NP )S )VP )VP )S )SBAR )ADJP )VP )S . )S  STOP
(S (S (VP To (VP fight (PRT back )PRT )VP )VP )S , (NP (NP activists )NP (PP such as (NP Mr. *UNKC )NP )PP )NP (VP are (VP *UNKING (NP (NP groups )NP (SBAR (S (VP to (VP (VP lobby (NP land managers )NP (PP over (NP access issues )NP )PP )VP and (VP *UNK (NP (NP education programs )NP (SBAR (S (VP to (VP show (SBAR that (S (NP the bikes )NP (VP can (VP (ADVP *UNKLY )ADVP share (NP trails )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP (NP Mr. *UNKC 's )NP group )NP , (NP *UNKED *UNKC *UNKC Association )NP , )NP (VP mounted (NP (NP petition drives )NP (SBAR (S (VP to (VP help (VP keep (ADJP open )ADJP (NP (NP certain Santa *UNKC Mountain trails )NP (VP designated (PP for (NP closing )NP )PP )VP )NP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(SINV (S (NP (NP *UNKING groups )NP (PP in (NP *UNKC , *UNKC , Michigan and Massachusetts )NP )PP )NP (VP have (VP won (NP similar concessions )NP )VP )VP )S , (VP says )VP (NP (NP Tim *UNKC )NP , (NP (NP mountain bike editor )NP (PP of (NP *UNKING magazine )NP )PP )NP )NP . )SINV  STOP
(S (S (NP These groups )NP (VP have (VP been (VP trying (S (VP to (VP improve (NP (NP the mountain *UNK 's )NP image )NP )VP )VP )S )VP )VP )VP )S ; (S (PP in (NP (NP the San *UNKC park district )NP (SBAR (WHADVP where )WHADVP (S (NP a *UNK )NP (VP was (VP *UNKED (PP by (NP a *UNK )NP )PP (NP this summer )NP )VP )VP )S )SBAR )NP )PP (NP bikers )NP (VP have (VP formed (NP (NP a *UNK *UNK )NP (SBAR (S (VP (VP to (VP help (S (NP *UNK )NP (VP enforce (NP regulations )NP )VP )S )VP )VP , and (VP to (VP school (NP riders )NP (PP in (NP proper trail *UNK )NP )PP )VP )VP )VP )S )SBAR )NP )VP )VP )S . )S  STOP
(S (NP Even *UNK *UNK- Sierra members )NP (VP concede (SBAR that (S (NP (NP 10 % )NP (PP of (NP all riders )NP )PP )NP (VP cause (NP (NP most )NP (PP of (NP the problems )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(SINV (S (SBAR While (S (NP some )NP (VP are (NP (NP *UNK riders )NP (SBAR (WHNP who )WHNP (S (ADVP simply )ADVP (VP *UNK (NP regulations )NP )VP )S )SBAR )NP )VP )S )SBAR , (NP much bad riding )NP (ADVP simply )ADVP (VP reflects (NP (NP *UNK )NP (SBAR (WHNP that )WHNP (S (VP can (VP be (VP corrected (PP through `` (NP (NP education )NP and (NP *UNK pressure )NP )NP )PP )VP )VP )VP )S )SBAR )NP )VP )S , '' (VP says )VP (NP (NP Jim *UNKC )NP , (NP (NP a director )NP (PP of (NP the International Mountain *UNKING Association )NP )PP )NP )NP . )SINV  STOP
(S `` (NP I )NP (VP think (SBAR (S (NP we )NP (VP 're (VP making (NP progress )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Few )NP (VP would (VP have (VP *UNK (NP such a furor )NP (SBAR (WHADVP when )WHADVP , (S (ADVP (NP a decade )NP ago )ADVP , (NP some *UNKC County *UNK *UNK )NP (VP created (NP a hybrid bike )NP (S (VP using (NP (NP fat tires )NP , (NP *UNK *UNK )NP and (NP *UNK- technology )NP )NP )VP )S )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP They )NP (VP wanted (NP (NP a machine )NP (SBAR (WHNP that )WHNP (S (VP would (VP allow (S (NP them )NP (VP to (VP *UNK (PP into (NP (NP *UNKED *UNK )NP (ADJP then *UNK (PP to (NP cycles )NP )PP )ADJP )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP They )NP (VP got (NP (NP (NP a machine )NP (ADJP (ADJP more responsive )ADJP , (ADJP more stable )ADJP and (PP in (NP many ways )NP )PP (ADJP (ADJP easier (SBAR (S (VP to (VP ride )VP )VP )S )SBAR )ADJP (PP than (NP (NP the *UNKED racing bikes )NP (SBAR (WHNP that )WHNP (S (ADVP then )ADVP (VP were (NP the *UNK )NP )VP )S )SBAR )NP )PP )ADJP )ADJP )NP )NP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP the bikes )NP (ADVP first )ADVP (VP entered (NP mass production )NP (PP in (NP 1981 )NP )PP )VP )S )SBAR , (NP they )NP (VP were (VP dismissed (PP as (NP a *UNK )NP )PP )VP )VP . )S  STOP
(S (NP Last year )NP , (NP (NP 25 % )NP (PP of (NP (NP the (ADJP 10 million )ADJP *UNK )NP (VP sold (PP in (NP the U.S. )NP )PP )VP )NP )PP )NP (VP were (NP mountain bikes )NP )VP . )S  STOP
(S (PP In (NP (NP California )NP , (NP a bellwether market )NP , )NP )PP (NP they )NP (VP accounted (PP for (NP (NP (QP more than 80 )QP % )NP (PP of (NP all bike sales )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The majority )NP (PP of (NP the bikes )NP )PP )NP (ADVP never )ADVP (ADVP even )ADVP (VP make (NP it )NP (PP into (NP the high country )NP )PP )VP . )S  STOP
(S (NP City *UNK )NP (VP love (NP them )NP (SBAR because (S (NP they )NP (VP (VP shift (ADVP smoothly )ADVP (PP in (NP traffic )NP )PP )VP , (VP bounce (ADVP easily )ADVP (PP over (NP curbs )NP )PP )VP and (VP roll (PP through (NP road glass )NP )PP (PP with (NP (NP (ADJP far fewer )ADJP flat tires )NP (PP than (NP racing bikes )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKED *UNKC )NP , (NP population *UNKN )NP , )NP (VP is (NP (NP a *UNK )NP (PP of (NP the sport )NP )PP )NP )VP . )S  STOP
(S (PP By (NP one estimate )NP )PP , (NP (NP everyone here )NP (PP under (NP 50 )NP )PP )NP (VP owns (NP at least one bike )NP )VP . )S  STOP
(S (S (NP The town )NP (VP is (NP (NP home )NP (PP to (NP (NP the Mountain *UNKC Hall )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP )VP )S and (S (NP it )NP (VP hosts (NP the annual *UNKC Tire *UNKC *UNKC )NP )VP )S . )S  STOP
(S (NP This summer )NP , (NP the *UNK )NP (VP attracted (NP (NP more visitors )NP (PP than (NP (NP the busiest week )NP (PP of (NP (NP the town 's )NP winter ski season )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP David *UNKC )NP , (NP (NP chairman )NP (PP of (NP the *UNKC Tire *UNKC celebration )NP )PP )NP , )NP (VP *UNK (SBAR that (S (NP (NP the bike 's )NP popularity )NP (VP may (VP be (NP (NP a combination )NP (PP of (NP technology and *UNK )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (S (NP The mountain bike )NP (VP feels (ADJP as comfortable (PP as (NP (NP the ` *UNK ' bike )NP (SBAR (S (NP you )NP (VP had (PP as (NP a *UNK )NP )PP )VP )S )SBAR )NP )PP )ADJP )VP )S , but (S (NP it )NP (VP can (VP do (NP so much more )NP )VP )VP )S )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP The following issues )NP (VP were (ADVP recently )ADVP (VP filed (PP with (NP the Securities and Exchange Commission )NP )PP )VP )VP : )S  STOP
(NP (NP (NP (NP Canada 's )NP *UNKC )NP (PP of (NP *UNKC *UNKC )NP )PP )NP , (NP (NP shelf offering )NP (PP of (NP (NP (QP up to $ 550 million )QP )NP (PP of (NP debentures )NP )PP )NP )PP )NP . )NP  STOP
(NP (NP (NP *UNKC Gas Holding Co. )NP , (NP (NP a subsidiary )NP (PP of (NP *UNKC *UNKING Corp. )NP )PP )NP )NP , (NP (NP offering )NP (PP of (NP (ADJP (QP $ *UNKN million )QP )ADJP first preferred ship mortgage notes )NP )PP )NP , (PP via (NP Merrill Lynch Capital Markets )NP )PP . )NP  STOP
(NP (NP H.F. Ahmanson & Co. )NP , (NP (NP offering )NP (PP of (NP (NP four million shares )NP (PP of (NP (NP *UNK convertible preferred stock )NP , (NP Series B. )NP )NP )PP )NP )PP )NP , (PP via (NP (NP Goldman , Sachs & Co )NP , (NP First Boston Corp. )NP , and (NP Merrill Lynch )NP )NP )PP . )NP  STOP
(NP (NP *UNKED Technologies Inc. )NP , (NP (NP offering )NP (PP of (NP (ADJP 2.5 million )ADJP common shares )NP )PP )NP , (PP via (NP (NP *UNKC , Van *UNKC & *UNKC Inc. )NP and (NP Oakes , *UNKC & Co )NP )NP )PP . )NP  STOP
(S (NP *UNKC tremors )NP (ADVP again )ADVP (VP shook (NP bond prices )NP , (SBAR while (S (NP the dollar )NP (VP turned (PRT in )PRT (NP a mixed performance )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Early yesterday )NP , (NP investors )NP (VP scrambled (S (VP to (VP buy (NP Treasury bonds )NP (PP for (NP safety )NP )PP )VP )VP )S (SBAR as (S (S (NP stock prices )NP (VP plummeted )VP )S and (S (NP (NP fears )NP )NP (VP mounted (PP of (NP (NP a *UNK )NP (PP of (NP Friday )NP )PP )NP )PP )VP )S )S )SBAR )VP . )S  STOP
(S But (NP stocks )NP (ADVP later )ADVP (VP recovered , (S (VP *UNKING (NP (NP most )NP (PP of (NP their early declines )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP That )NP (VP (VP cut (S (ADJP short )ADJP (NP (NP the rally )NP (PP in (NP Treasury bonds )NP )PP )NP )S )VP and (VP depressed (NP prices )NP (PP (ADVP moderately )ADVP below (NP (NP late Monday 's )NP levels )NP )PP )VP )VP . )S  STOP
(S (NP (NP The Dow Jones Industrial Average )NP , (ADVP down (NP (QP more than *UNKN )QP points )NP (ADVP early (PP in (NP the day )NP )PP )ADVP )ADVP , )NP (VP finished (ADVP (NP *UNKN points )NP lower )ADVP (PP at (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP Long-term Treasury issues )NP (VP declined (NP (NP about half a point )NP , or (NP (NP $ 5 )NP (PP for (NP each (ADJP $ 1,000 )ADJP face amount )NP )PP )NP )NP )VP . )S  STOP
(SINV `` (S (NP The stock market )NP (ADVP clearly )ADVP (VP is (VP leading (NP the bond markets )NP )VP )VP )S , '' (VP said )VP (NP (NP Jack *UNKC )NP , (NP (NP an executive vice president )NP (PP at (NP Nikko Securities )NP )PP )NP )NP . )SINV  STOP
(S `` (NP People )NP (VP are (VP *UNKING (NP (NP a major *UNK )NP (PP of (NP relief )NP )PP (SBAR that (S (NP the world )NP (VP did n't (VP end (NP (NP Monday morning )NP '' or (NP yesterday )NP )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP Gold )NP , (NP (NP a (ADJP closely watched )ADJP barometer )NP (PP of (NP investor anxiety )NP )PP )NP , )NP (VP was (ADJP little changed )ADJP )VP . )S  STOP
(S (NP The dollar )NP (ADVP initially )ADVP (VP fell (PP against (NP other major currencies )NP )PP (PP on (NP news (SBAR that (S (NP the U.S. trade deficit )NP (VP surged (PP in (NP August )NP )PP (PP to (NP (QP $ *UNKN billion )QP )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S But (NP the dollar )NP (ADVP later )ADVP (VP rebounded , (S (VP finishing (ADJP (ADJP slightly higher (PP against (NP the yen )NP )PP )ADJP although (ADJP slightly lower (PP against (NP the mark )NP )PP )ADJP )ADJP )VP )S )VP . )S  STOP
(S (NP Federal Reserve officials )NP (VP sent (NP (NP another signal )NP (PP of (NP their determination (S (VP to (VP shore (PRT up )PRT (NP investor confidence )NP )VP )VP )S )NP )PP )NP )VP . )S  STOP
(S (PP In (NP an apparent attempt (S (VP to (VP keep (NP a *UNK )NP (PP on (NP short-term interest rates )NP )PP )VP )VP )S )NP )PP , (NP the Fed )NP (ADVP once again )ADVP (VP pumped (NP money )NP (PP into (NP the banking system )NP )PP )VP . )S  STOP
(S (S But (NP the Fed move )NP (VP was (NP a small *UNK )NP )VP )S , (NP traders )NP (VP said )VP . )S  STOP
(S (S (NP Fed officials )NP (VP appear (ADJP reluctant (S (VP to (VP ease (NP their credit grip )NP (ADVP any further )ADVP )VP )VP )S )ADJP (SBAR because (S (NP a bold move )NP (VP does n't (VP appear (ADJP necessary )ADJP )VP )VP )S )SBAR )VP )S , (NP several investment managers )NP (VP said )VP . )S  STOP
(S (NP The Fed )NP (VP has (VP allowed (S (NP a key short-term interest rate )NP (VP to (VP decline (NP about *UNK- percentage point )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The federal funds rate )NP (PP on (NP (NP overnight loans )NP (PP between (NP banks )NP )PP )NP )PP )NP (VP has (VP been (VP *UNKING (PP around (NP (NP 8 3\/4 % )NP , (ADVP down (PP from (NP 9 % )NP (ADVP previously )ADVP )PP )ADVP )NP )PP )VP )VP )VP . )S  STOP
(S (SBAR Although (S (NP stocks )NP (VP have (VP led (NP bonds )NP (NP this week )NP )VP )VP )S )SBAR , (NP some traders )NP (VP predict (SBAR (S (NP that relationship )NP (VP will (VP reverse (PP during (NP the next few weeks )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Nikko 's )NP Mr. *UNKC )NP (VP fears (SBAR (S (NP (NP a huge wave )NP (PP of (NP Treasury borrowing )NP )PP (NP early next month )NP )NP (VP will (VP drive (ADVP down )ADVP (NP Treasury bond prices )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP That )NP , (VP coupled (PP with (NP poor third-quarter *UNK- comparisons )NP )PP )VP , )NP `` (VP will (VP make (NP trouble )NP (PP for (NP the equity market )NP )PP )VP )VP (PP for (NP (QP the next two to three )QP months )NP )PP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S But (NP several other traders )NP (VP contend (SBAR (SBAR (S (NP investors )NP (VP have (VP *UNKED (PP to (NP junk-bond jitters )NP )PP )VP )VP )S )SBAR , and (SBAR that (S (NP stock prices )NP (VP will (VP continue (S (VP to (VP recover )VP )VP )S )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(SINV `` (S (NP They )NP (VP shot (NP the whole *UNK )NP (SBAR (ADVP just )ADVP because (S (NP the *UNK player )NP (VP hit (NP a bad note )NP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP president )NP (PP of (NP *UNKC Associates Inc. )NP )PP )NP )NP , (S (VP referring (PP to (NP (NP (NP the stock market 's )NP plunge )NP (NP Friday )NP (PP on (NP (NP news )NP (PP of (NP (NP trouble )NP (PP in (S (VP financing (NP the UAL Corp . buy-out )NP )VP )S )PP )NP )PP )NP )PP )NP )PP )VP )S . )SINV  STOP
(S (PP In (NP major market activity )NP )PP : (NP Treasury bond prices )NP (VP fell )VP . )S  STOP
(S (NP (NP The yield )NP (PP on (NP 30-year Treasury bonds )NP )PP )NP (VP climbed (ADVP back )ADVP (PP above (NP 8 % )NP )PP , (S (VP ending (NP the day )NP (PP at (NP 8.03 % )NP )PP )VP )S )VP . )S  STOP
(S (NP The dollar )NP (VP was (ADJP mixed )ADJP )VP . )S  STOP
(S (NP Late yesterday )NP (PP in (NP New York )NP )PP , (NP the dollar )NP (VP (VP rose (PP to (NP *UNKN yen )NP )PP (PP from (NP (NP *UNKN yen )NP (NP Monday )NP )NP )PP )VP , but (VP fell (PP to (NP *UNKN marks )NP )PP (PP from (NP *UNKN marks )NP )PP )VP )VP . )S  STOP
(S (NP (NP The Consumer News and Business Channel cable network )NP and (NP U.S. News & World Report )NP )NP (VP have (VP formed (NP a joint venture (S (VP to (VP produce (NP (NP cable program versions )NP (PP of (NP (NP special issues )NP (PP of (NP the magazine )NP )PP )NP )PP )NP )VP )VP )S )NP )VP )VP . )S  STOP
(S (NP The programs )NP (VP will (VP run (PP on (NP the cable network )NP )PP (NP (NP the Sunday evening )NP (PP (ADVP immediately )ADVP prior (PP to (NP (NP the release )NP (PP of (NP (NP the special issue )NP (PP of (NP U.S. News & World Report )NP )PP )NP )PP )NP )PP )PP )NP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (NP (NP a joint venture )NP (PP of (NP (NP (NP the National Broadcasting Co. )NP , (NP (NP a unit )NP (PP of (NP General Electric Co. )NP )PP )NP )NP , and (NP *UNKC System Corp )NP )NP )PP )NP )VP . )S  STOP
(S (NP Advertisers )NP (VP will (VP be (VP offered (NP (NP an advertising package )NP , (SBAR (WHNP which )WHNP (S (PP for (NP a single price )NP )PP , (VP will (VP include (NP (NP (NP time )NP (PP on (NP the *UNKC program )NP )PP )NP and (NP (NP ad pages )NP (PP in (NP the special *UNK )NP )PP )NP )NP )VP )VP )S )SBAR )NP )VP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP will (VP produce (NP six , one-hour programs )NP )VP , (S (VP beginning (PP in (NP April 1990 )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP The first program )NP (VP scheduled (PP in (NP the joint venture )NP )PP )VP )NP (VP is `` (NP The 1990 (NP *UNKC 's )NP *UNKC )NP )VP . '' )S  STOP
(S (NP Other programs and special issues )NP (VP will (VP be (VP based (PP on (NP (NP themes )NP (PP of (NP (NP health )NP , (NP jobs )NP , (NP personal finance )NP , (NP the best colleges )NP , and (NP investments )NP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP The programs )NP (VP will (VP be (VP written and produced (PP by (NP CNBC )NP )PP , (SBAR with (S (NP background and research )NP (VP provided (PP by (NP (NP staff )NP (PP from (NP U.S. News & World Report )NP )PP )NP )PP )VP )S )SBAR )VP )VP )VP . )S  STOP
(NP *UNKC *UNKC )NP  STOP
(S (NP I )NP (VP 've (VP learned (NP the hard way )NP (SBAR that (S (NP (ADJP too much )ADJP *UNK )NP (VP *UNKC (NP *UNK )NP (NP the next day )NP (PP about (NP nine )NP )PP )VP )S )SBAR ; (FRAG (NP No wonder (SBAR (S (NP I )NP (VP say , `` (S (NP I )NP (VP drink (PP to (NP your health )NP )PP )VP )S '' )VP )S )SBAR )NP -- (NP It )NP (ADVP certainly )ADVP (VP is n't (PP to (NP mine )NP )PP )VP )FRAG )VP )VP ! )S  STOP
(NP -- George O. *UNKC . )NP  STOP
(ADJP *UNKED Out )ADJP  STOP
(S (NP Those supermarket *UNK )NP (VP Make (S (NP me )NP (VP feel (ADJP slow )ADJP )VP )S (SBAR Because (S (NP I )NP (ADVP still )ADVP (VP have n't (VP seen )VP )VP )S )SBAR )VP )S  STOP
(NP -- Bruce *UNKC . )NP  STOP
(NP *UNKC )NP  STOP
(NP (NP *UNKC )NP : (NP *UNK control )NP . )NP  STOP
(NP -- *UNKC Brown . )NP  STOP
(S (NP Weyerhaeuser Co. )NP (VP reported (NP (NP (NP a one-time gain )NP and (NP strong *UNK- sales )NP )NP (SBAR (WHNP that )WHNP (S (VP offset (NP (NP weakness )NP (PP in (NP pulp and paper )NP )PP )NP (S (VP to (VP fuel (NP (NP a (ADJP 15 % )ADJP jump )NP (PP in (NP third-quarter net income )NP )PP )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 78 cents )NP (NP a share )NP )NP )NP )PP )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (NP the 1988 third quarter )NP )PP , (NP the forest-products company )NP (VP reported (NP (NP profit )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 69 cents )NP (NP a share )NP )NP )NP )PP )NP )VP . )S  STOP
(S (NP Sales )NP (VP rose (NP 9 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP the company )NP (VP posted (NP (NP a (ADJP 14 % )ADJP rise )NP (PP in (NP profit )NP )PP )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP , (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )VP . )S  STOP
(S (NP Sales )NP (VP rose (NP 9 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP (NP Results )NP (PP for (NP the 1989 third quarter and nine months )NP )PP )NP (VP include (NP (NP (NP a pretax loss )NP (PP of (NP (QP $ 33 million )QP )NP )PP (PP from (NP (NP the company 's )NP business improvement and *UNKING program )NP )PP )NP , and (NP (NP a gain )NP (PP of (NP (QP $ 49 million )QP )NP )PP (PP on (NP (NP the sale )NP (PP of (NP (NP a subsidiary 's )NP common stock )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (NP *UNKC operations )NP (VP strengthened (PP in (NP the third quarter )NP )PP , (SBAR while (S (NP paper operations )NP (VP were (VP *UNKED (PP by (NP (NP higher costs )NP , (NP soft newsprint exports )NP and (NP a strong Japanese yen )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Some competing forest-products firms )NP (VP have (ADVP recently )ADVP (VP reported (NP (NP improved results )NP (ADJP due (PP to (NP strong pulp and paper business )NP )PP )ADJP )NP )VP )VP . )S  STOP
(S (S (S (NP (NP Weyerhaeuser 's )NP pulp and paper operations )NP (VP were (ADVP up )ADVP (PP for (NP the nine months )NP )PP )VP )S , but (S (NP full-year performance )NP (VP depends (PP on (NP (NP (NP the balance )NP (PP of (NP operating and maintenance costs )NP )PP )NP , plus (NP (NP pricing )NP (PP of (NP certain products )NP )PP )NP )NP )PP )VP )S )S , (NP the company )NP (VP said )VP . )S  STOP
(S (S (VP Looking (ADVP ahead )ADVP (PP to (NP the fourth quarter )NP )PP )VP )S , (NP the company )NP (VP said (SBAR (S (NP export *UNK and *UNK markets )NP (VP will (VP be (ADJP weak )ADJP , (SBAR while (S (NP panel and *UNK markets )NP (VP will (VP be (ADJP stronger )ADJP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP *UNKC and paper performance )NP (VP depends (PP on (NP cost and price *UNK )NP )PP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP Bankers Trust New York Corp. )NP (VP became (NP (NP the latest major U.S. bank )NP (SBAR (S (VP to (VP increase (NP (NP reserves )NP (PP for (NP (NP its loans )NP (PP to (NP less-developed countries )NP )PP )NP )PP )NP )VP )VP )S )SBAR )NP , (S (VP making (NP (NP a (ADJP (QP $ 1.6 billion )QP )ADJP third-quarter addition )NP (PP to (NP its provision )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP The bank )NP (ADVP also )ADVP (VP said (SBAR (S (NP it )NP (VP expects (S (VP to (VP report (NP (NP (NP a (ADJP (QP $ 1.42 billion )QP )ADJP loss )NP (PP for (NP the third quarter )NP )PP )NP and (NP (NP a loss )NP (PP for (NP the full year )NP )PP )NP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The new reserves )NP (VP bring (NP (NP (NP the company 's )NP provision )NP (PP for (NP (NP loans )NP (PP to (NP Third World countries )NP )PP )NP )PP )NP (PP to (NP (NP (QP $ 2.6 billion )QP )NP , or (NP (NP 85 % )NP (PP of (NP (NP (NP Bankers Trust 's )NP (ADJP medium and long-term )ADJP loans )NP (PP to (NP these countries )NP )PP )NP )PP )NP )NP )PP )VP . )S  STOP
(S `` (VP (VP *UNKC (ADVP up (PP to (NP the plate )NP )PP )ADVP )VP and (VP take (NP the big swing )NP )VP )VP . )S  STOP
(SINV (S (S (VP Get (NP the problem )NP (PP behind (NP you )NP )PP )VP )S and (S (VP do n't (VP look (ADVP back )ADVP )VP )VP )S )S , '' (VP said )VP (NP (NP James J. *UNKC )NP , (NP (NP analyst )NP (PP at (NP *UNKC , *UNKC & *UNKC )NP )PP )NP )NP , (PP in (S (VP *UNKING (PP of (NP the move )NP )PP )VP )S )PP . )SINV  STOP
(S (S (NP Bankers Trust )NP `` (VP has (VP had (NP the capacity (S (VP to (VP do (NP this )NP (PP for (NP some time )NP )PP )VP )VP )S )NP )VP )VP )S , '' (NP the analyst )NP (VP said )VP . )S  STOP
(S (NP He )NP (VP expects (S (NP Citicorp )NP (VP to (VP take (NP a similar step )NP (NP this year )NP )VP )VP )S )VP . )S  STOP
(S (NP Citicorp )NP (NP yesterday )NP (VP reported (NP (NP a (ADJP 9 % )ADJP third-quarter earnings drop )NP , (SBAR (WHNP which )WHNP (S (NP analysts )NP (VP called (S (ADJP a bit disappointing )ADJP )S )VP )S )SBAR )NP , (SBAR while (S (NP Manufacturers Hanover Corp. )NP (VP posted (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP loss )NP (PP for (NP the quarter )NP )PP )NP (PP after (S (VP adding (NP (QP $ *UNKN million )QP )NP (PP to (NP (NP its reserve )NP (PP for (NP (NP loans )NP (PP to (NP less-developed countries )NP )PP )NP )PP )NP )PP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Three other major U.S. banks )NP (VP posted (NP earnings increases )NP )VP . )S  STOP
(S (NP (NP Wells Fargo & Co. )NP (PP of (NP San Francisco )NP )PP )NP (VP posted (NP a (ADJP 17 % )ADJP jump )NP )VP . )S  STOP
(S (NP (NP *UNKC Financial Corp. )NP , (NP (NP the parent )NP (PP of (NP Pittsburgh National Bank )NP )PP )NP , )NP (VP reported (SBAR (S (NP net income )NP (VP climbed (NP *UNKN % )NP )VP )S )SBAR , (SBAR while (S (NP (NP net )NP (PP for (NP (NP Banc One Corp. )NP (PP of (NP (NP Columbus )NP , (NP Ohio )NP , )NP )PP )NP )PP )NP (VP grew (NP 3.8 % )NP )VP )S )SBAR )VP . )S  STOP
(NP Citicorp )NP  STOP
(S (NP Analysts )NP (VP were (VP (ADVP only slightly )ADVP disappointed (PP by (NP (NP Citicorp 's )NP numbers )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP There )NP (VP 's (NP (NP (NP (NP nothing )NP (PP in (NP here )NP )PP )NP (SBAR (WHNP that )WHNP (S (VP 's (ADJP horrible )ADJP )VP )S )SBAR )NP and (NP (NP nothing )NP (SBAR (S (VP to (VP make (S (NP you )NP (VP think (SBAR (S (NP they )NP (VP 're (VP setting (S (NP the world )NP (PP on (NP fire )NP )PP )S )VP )VP )S )SBAR )VP )S )VP )VP )S )SBAR )NP )NP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP analyst )NP (PP for (NP *UNKC Lawrence , Morgan Grenfell Inc )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP Earnings )NP (PP from (NP (NP the bank 's )NP global consumer business )NP )PP )NP (VP grew (NP 27 % )NP )VP . )S  STOP
(SINV `` (S (NP The consumer business )NP (VP continues (S (VP to (VP drive (NP the earnings stream )NP )VP )VP )S )VP )S , '' (VP said )VP (NP (NP Mr. *UNKC )NP (PP of (NP *UNKC , *UNKC & *UNKC )NP )PP )NP . )SINV  STOP
(S (S (NP (NP Corporate finance and trading results )NP (PP in (NP (NP member countries )NP (PP of (NP (NP the Organization )NP (PP for (NP Economic *UNKC and Development )NP )PP )NP )PP )NP )PP )NP (VP were `` (ADJP relatively flat )ADJP , (ADJP sometimes *UNK )ADJP )VP )S (PRN , '' (S (NP the bank )NP (VP said )VP )S , )PRN and (S (NP (NP profit )NP (PP for (NP the area )NP )PP )NP (VP sank (NP 27 % )NP )VP )S . )S  STOP
(S (NP The *UNK- loan portfolio )NP (VP reflected `` (NP (NP (NP adjustment problems )NP and (NP *UNK payment patterns )NP )NP (PRN , '' (S (NP the bank )NP (VP said )VP )S )PRN (NP (NP (NP no interest payments )NP (PP from (NP *UNKC )NP )PP (PP in (NP the nine months )NP )PP )NP and (NP (NP none )NP (PP from (NP Brazil )NP )PP (PP in (NP the third quarter )NP )PP )NP )NP )NP , (SBAR while (S (NP Venezuela )NP (VP brought (S (NP itself )NP `` (ADJP substantially current )ADJP )S )VP )S )SBAR )VP . '' )S  STOP
(S (ADVP Overall )ADVP , (NP the portfolio )NP (VP narrowed (NP its quarterly loss )NP (PP to (NP (QP $ 70 million )QP )NP )PP (PP from (NP (QP $ 80 million )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP . )S  STOP
(S `` (S (NP People )NP (VP were (VP waiting (S (VP to (VP see (SBAR if (S (NP we )NP (VP would (VP take (NP (NP an additional provision )NP '' (PP for (NP (NP (ADJP *UNK- and long-term )ADJP loans )NP (PP to (NP less-developed countries )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )VP )VP )S , (NP a Citicorp spokesman )NP (VP said )VP . )S  STOP
(S But (NP he )NP (VP reiterated (NP (NP the bank 's )NP position (SBAR that (S (NP it )NP (VP is (ADJP comfortable (PP with (NP (NP the current level )NP (PP of (NP (QP $ 2.6 billion )QP )NP )PP , (VP covering (NP (NP (QP about 30 )QP % )NP (PP of (NP (NP (NP the (QP $ 8.9 billion )QP )NP (PP of (NP such loans )NP )PP (ADJP outstanding )ADJP )NP )NP )PP )NP )VP )NP )PP )ADJP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Ronald I. *UNKC )NP , (NP (NP analyst )NP (PP at (NP Sanford C. *UNKC & Co. )NP )PP )NP , )NP (VP called (S (NP (NP (NP Citicorp 's )NP venture-capital gains )NP (PP of (NP (NP (QP $ 93 million )QP )NP (PP before (NP taxes )NP )PP )NP )PP )NP `` (ADJP strong )ADJP )S )VP . '' )S  STOP
(S (NP (NP A `` concerning '' item )NP (SBAR (S (NP the analyst )NP (VP cited )VP )S )SBAR )NP (VP was (NP (NP (NP the (ADJP 10 % )ADJP jump )NP (PP in (NP expenses )NP )PP )NP , (SBAR (WHNP which )WHNP (S (NP the bank )NP (VP attributes (PP to (NP (NP costs )NP (PP of (S (VP expanding (NP both (NP its consumer credit-card operations )NP and (NP its overseas branch business )NP )NP )VP )S )PP )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Citicorp 's )NP spokesman )NP (VP said , (ADVP however )ADVP , (SBAR that (S (NP the bank )NP (VP is (VP maintaining (NP those expenses )NP (PP in (NP (NP proportion )NP (PP to (NP revenue growth )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(NP Wells Fargo )NP  STOP
(S (NP Wells Fargo )NP (VP continued (S (VP to (VP generate (NP (NP one )NP (PP of (NP (NP the highest profit margins )NP (PP among (NP major banks )NP )PP )NP )PP )NP )VP )VP )S )VP , (S (VP *UNKING (NP (NP a drop )NP (PP in (NP net interest margin )NP )PP )NP (PP with (NP (NP (NP 13 % third-quarter growth )NP (PP in (NP *UNKING business loans )NP )PP )NP and (NP (NP similar growth )NP (PP in (NP mortgages )NP )PP )NP )NP )PP )VP )S . )S  STOP
(S (NP Its margin )NP (VP fell (NP (NP (QP only seven )QP basis points )NP , or (NP (NP *UNK )NP (PP of (NP a percentage point )NP )PP )NP )NP , (PP from (ADVP (NP a year )NP ago )ADVP )PP , (PP compared (PP with (NP (NP (NP a *UNK- drop )NP (PP at (NP Security Pacific Corp. )NP )PP )NP and (NP (NP (ADJP much larger )ADJP declines )NP (PP among (NP (NP banks )NP (PP in (NP (NP other parts )NP (PP of (NP the country )NP )PP )NP )PP )NP )PP )NP )NP )PP )PP )VP . )S  STOP
(S (PP As (NP a result )NP )PP , (NP (NP Wells Fargo 's )NP net interest income )NP (VP rose (NP (NP (QP $ *UNKN million )QP )NP , or (NP 7 % )NP , )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP (PP for (NP the quarter )NP )PP )NP )PP )VP . )S  STOP
(S (NP *UNKC income )NP (VP fell (ADVP slightly )ADVP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP , (SBAR while (S (NP Wells Fargo )NP (VP continued (S (VP to (VP (ADVP *UNKLY )ADVP control (NP (NP *UNK- expense )NP , (SBAR (WHNP which )WHNP (S (VP was (ADJP almost flat )ADJP (PP at (NP (QP $ *UNKN million )QP )NP )PP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The combination )NP (PP of (NP solid loan growth )NP )PP (PP with (NP tight expense control )NP )PP )NP (VP gave (NP Wells Fargo )NP (NP (NP (NP (NP a 1.25 % return )NP (PP on (NP average assets )NP )PP (PP for (NP the quarter )NP )PP )NP , (ADJP (ADJP (NP (QP about 40 )QP % )NP higher )ADJP (PP than (NP (NP Security Pacific 's )NP )NP )PP )ADJP )NP and (NP (NP a profit ratio )NP (VP matched (PP by (NP (NP (NP only two or three )NP other major banks )NP (NP in (NP the U.S. )NP )NP )NP )PP )VP )NP )NP )VP . )S  STOP
(S (NP (NP (NP Wells Fargo 's )NP return )NP (PP on (NP equity )NP )PP )NP (VP increased (PP to (NP *UNKN % )NP )PP (PP from (NP *UNKN % )NP )PP )VP . )S  STOP
(S (NP Wells Fargo )NP (VP (VP has (VP sold (NP (NP all )NP (PP of (NP (NP its *UNK- loans )NP (VP made (PP to (NP less-developed countries )NP )PP )VP )NP )PP )NP )VP )VP , and (VP managed (S (VP to (VP (ADVP partly )ADVP reverse (NP (NP the sharp rise )NP (PP in (NP (NP domestic *UNK- loans )NP , (SBAR (WHNP which )WHNP (S (VP fell (NP 8 % )NP (PP from (NP the previous quarter )NP )PP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S But (NP the amount )NP (VP was (ADJP (ADJP (ADJP still (NP 39 % )NP higher )ADJP (PP than (NP the year-ago level )NP )PP )ADJP , and (ADJP (ADJP (NP 25 % )NP higher )ADJP (PP as (NP (NP a percentage )NP (PP of (NP total loans )NP )PP )NP )PP )ADJP )ADJP )VP . )S  STOP
(S (NP (NP That trend )NP , and (NP (NP (NP Wells Fargo 's )NP heavy exposure )NP (PP to (NP leveraged buy-outs )NP )PP )NP , )NP (VP are (NP (NP about the only worries )NP (SBAR (S (NP analysts )NP (VP have (PP about (NP (NP Wells Fargo 's )NP financial picture )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Wells Fargo )NP (VP is (VP *UNKING (NP (NP its loan-loss reserve )NP , (SBAR (WHNP which )WHNP (S (VP (VP increased (PP to (NP (NP (QP $ *UNKN million )QP )NP (PP at (NP Sept. 30 )NP )PP )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP (NP the previous quarter )NP )NP )PP )VP but (VP was (ADVP down (PP from (NP (QP $ *UNKN million )QP )NP (NP (ADVP (NP a year )NP ago )ADVP , (SBAR (WHADVP when )WHADVP (S (NP the bank )NP (ADVP still )ADVP (VP had (NP some shaky foreign loans )NP )VP )S )SBAR )NP )PP )ADVP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(NP Manufacturers Hanover )NP  STOP
(S (NP Manufacturers Hanover )NP (VP said (SBAR that (S (PP excluding (NP (NP (NP the addition )NP (PP to (NP its reserves )NP )PP )NP , (NP certain tax benefits )NP , and (NP (NP a one-time (ADJP (QP $ 16 million )QP )ADJP gain )NP (PP on (NP (NP the sale )NP (PP of (NP (NP an interest )NP (PP in (NP a foreign leasing company )NP )PP )NP )PP )NP )PP )NP )NP )PP , (NP third-quarter earnings )NP (VP were (NP (QP $ 75 million )QP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The comparable year-earlier number )NP (VP was (NP (QP $ 56 million )QP )NP )VP )S , (NP a spokesman )NP (VP said )VP . )S  STOP
(S (NP (NP The bank 's )NP additional provisions )NP (VP brought (NP (NP reserves )NP (PP for (NP (NP loans )NP (PP to (NP less-developed countries )NP )PP )NP )PP )NP (PP to (NP (QP $ 2.4 billion )QP )NP )PP , (S (VP covering (NP (NP 36 % )NP (PP of (NP (NP its medium and long-term loans )NP (ADJP outstanding (PP to (NP these nations )NP )PP )ADJP )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP (NP The net interest margin )NP - (NP (NP the difference )NP (PP between (NP (NP (NP (NP the bank 's )NP cost )NP (PP of (NP funds )NP )PP )NP and (SBAR (WHNP what )WHNP (S (NP it )NP (VP receives (PP as (NP interest payments )NP )PP )VP )S )SBAR )NP )PP )NP -- )NP (VP improved (PP in (NP the quarter )NP )PP , (SBAR as (SINV did (NP (NP certain areas )NP (PP of (NP wholesale banking )NP )PP )NP )SINV )SBAR )VP . )S  STOP
(S (NP (NP Fees )NP (PP from (NP *UNKING loans )NP )PP )NP (VP dropped (NP 48 % )NP , (PP to (NP (QP $ 21 million )QP )NP )PP )VP . )S  STOP
(S `` (S (NP We )NP (VP did n't (VP take (NP part )NP (PP in (NP (NP a lot )NP (PP of (NP deals )NP )PP )NP )PP '' (PP in (NP the quarter )NP )PP `` (SBAR because (S (NP their credit quality )NP (VP was (ADJP poor )ADJP )VP )S )SBAR )VP )VP )S , '' (NP the spokesman )NP (VP said )VP . )S  STOP
(S (NP (NP *UNKC )NP (ADJP unrelated (PP to (NP interest )NP )PP )ADJP )NP (VP rose (NP 5.4 % )NP , (PP to (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(NP *UNKC Financial )NP  STOP
(S (NP *UNKC Financial )NP (VP (VP cited (NP (NP higher income )NP (PP from (NP (NP sources )NP (ADJP unrelated (PP to (NP interest )NP )PP )ADJP )NP )PP )NP )VP and (VP said (SBAR (S (NP it )NP (VP continues (S (VP to (VP cut (NP costs )NP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Net interest income )NP (PP in (NP the third quarter )NP )PP )NP (VP edged (PRT up )PRT (NP 1.4 % )NP , (PP to (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP Trust income )NP (VP grew (NP 15 % )NP , (PP to (NP (QP $ *UNKN million )QP )NP )PP , (SBAR while (S (NP (NP service charges )NP , (NP fees )NP and (NP commissions )NP )NP (VP increased (NP 22 % )NP , (PP to (NP (QP $ *UNKN million )QP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP The bank 's )NP total *UNK )NP (PP for (NP credit losses )NP )PP )NP (VP was (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP *UNKN % )NP (PP of (NP total loans )NP )PP )NP )NP )VP . )S  STOP
(S (NP Prime Minister *UNKC Gandhi )NP (VP set (NP (NP a date )NP )NP (NP next month )NP (PP for (NP (NP general elections )NP (SBAR (WHNP that )WHNP (S (NP some analysts )NP (VP say (SBAR (S (VP could (VP cost (NP (NP him )NP and (NP his ruling Congress (PRN -LRB- (NP I )NP -RRB- )PRN Party )NP )NP (NP (NP control )NP (PP of (NP the government )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Other analysts )NP (VP say (SBAR (S (NP the Indian leader )NP (VP (VP could (VP retain (NP control )NP (PP with (NP a *UNK majority )NP )PP )VP )VP or (VP be (VP forced (S (VP to (VP rule (PP as (NP (NP the dominant partner )NP (PP in (NP (NP a coalition )NP (PP with (NP other parties )NP )PP )NP )PP )NP )PP )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP in (NP this (ADJP large , diverse and *UNK )ADJP nation )NP )PP )NP (VP are (ADVP always )ADVP (ADJP hard (SBAR (S (VP to (VP predict )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP Much )NP (VP depends (PP on (NP (NP the opposition )NP , (NP (NP (NP a loose group )NP (PP of (NP regional and ideological parties )NP )PP )NP (VP led (PP by (NP former Gandhi cabinet minister (NP *UNKC *UNKC *UNKC )NP )NP )PP )VP )NP )NP )PP )VP . )S  STOP
(S (NP The biggest *UNK )NP (VP is (SBAR that (S (NP the elections )NP (VP will (VP be (NP (NP a vote )NP (PP for or against (NP (NP Mr. Gandhi )NP and (NP (NP (NP his five years )NP (PP in (NP power )NP )PP )NP -- (NP (NP five years )NP (PP of (NP (NP *UNK )NP and (NP *UNK )NP , (NP promises )NP and (NP disappointments )NP and (NP (NP wide fluctuations )NP (PP in (NP popularity )NP )PP )NP )NP )PP )NP )NP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Yesterday )NP , (PP (NP (NP four days )NP after )NP (NP (NP an unusual parliamentary defeat )NP (PP for (NP the ruling party )NP )PP )NP )PP , )NP (NP Mr. Gandhi )NP (VP called (NP (NP elections )NP (PP for (NP (NP the lower house )NP (PP of (NP Parliament )NP )PP )NP )PP )NP (PP on (NP Nov. 22 and 24 )NP )PP )VP . )S  STOP
(S (NP The elections )NP (VP will (VP be (VP held (PP in (NP different states )NP )PP (PP on (NP (NP one )NP (PP of (NP the two days )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S -LRB- (S (NP (NP The lower house 's )NP five-year term )NP (VP expires (PP in (NP January )NP )PP )VP )S ; (S (NP (NP the Parliament 's )NP upper house )NP (VP is (VP appointed )VP )VP )S . -RRB- )S  STOP
(S (NP The elections )NP (VP will (VP be (NP a *UNK test )NP (PP for (NP (NP the *UNK- prime minister )NP and (NP (NP Congress -LRB- I -RRB- )NP , (SBAR (WHNP which )WHNP (S (PP in (NP various forms )NP )PP (VP has (VP ruled (PP for (NP (NP (QP 40 of (NP India 's )NP 42 )QP years )NP (PP of (NP independence )NP )PP )NP )PP )VP )VP )S )SBAR )NP )NP )PP )VP )VP . )S  STOP
(S (PP After (NP (NP a *UNK win )NP (PP in (NP 1984 )NP )PP (PP in (NP (NP polls )NP (VP held (PP after (NP (NP the assassination )NP (PP of (NP (NP his mother )NP , (NP *UNKC Gandhi )NP , )NP )PP )NP )PP )VP )NP )PP )NP )PP (NP Mr. Gandhi )NP (VP saw (S (NP his popularity )NP (VP begin (NP a *UNK *UNK ride )NP )VP )S )VP . )S  STOP
(S (NP His early promises (S (VP to (VP make (S (NP India )NP (NP a modern nation )NP )S )VP )VP )S )NP (VP remain (ADJP *UNKED down (PP in (NP *UNKED bureaucracy )NP )PP )ADJP )VP . )S  STOP
(S (NP His pledge (S (VP to (VP clean (PRT up )PRT (NP (NP local administration )NP and (NP (NP Indian politics )NP , (PP including (NP his own party )NP )PP , )NP )NP )VP )VP )S )NP (VP went (ADJP *UNKED )ADJP )VP . )S  STOP
(S (NP His `` Mr. Clean '' image )NP (VP was (VP *UNKED (PP by (NP (NP an *UNK- scandal )NP , (SBAR (WHNP which )WHNP (S (VP will (VP be (NP a major campaign issue )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP Some analysts )NP (VP predict (NP that (S (NP (NP disappointment )NP (PP in (NP (NP (NP Mr. Gandhi 's )NP spent pledge (S (VP to (VP reduce (NP (NP corruption )NP and (NP *UNKED local government )NP )NP )VP )VP )S )NP )NP )PP )NP (VP will (VP *UNK (PP at (NP the polls )NP )PP )VP )VP )S )NP )VP . )S  STOP
(SINV `` (S (NP There )NP (VP 's (NP (NP a wide feeling )NP (PP of (NP *UNK )NP )PP )NP (PP across (NP the country )NP )PP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC *UNKC )NP (PP of (NP (NP the Center )NP (PP for (NP Policy Research )NP )PP , (PP in (NP New *UNKC )NP )PP )NP )PP )NP . )SINV  STOP
(S `` (NP I )NP (VP think (SBAR (S (NP the people )NP (VP will (VP be (VP *UNKING (NP (NP the regime )NP (PP by (NP a *UNK *UNK )NP )PP )NP , (PP by (NP a *UNK revenue *UNK )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP This )NP (VP could (VP be (NP (NP a big protest )NP (PP against (NP an administrative failure )NP )PP )NP )VP )VP . '' )S  STOP
(S (SBAR (ADVP Even )ADVP if (S (NP (NP the Congress )NP (PRN -LRB- (NP I )NP -RRB- )PRN )NP (VP retains (NP (NP control )NP (PP of (NP the government )NP )PP )NP )VP )S )SBAR , (NP (NP Mr. Gandhi 's )NP ability (S (VP to (VP push (PP through (NP major initiatives )NP )PP )VP )VP )S )NP (VP might (VP be (VP *UNKED (PP by (NP a *UNK majority )NP )PP )VP )VP )VP . )S  STOP
(S (S (NP Economic analysts )NP (VP call (S (NP (NP his *UNKING *UNK )NP (PP of (NP the Indian economy )NP )PP )NP (ADJP *UNK )ADJP )S )VP )S , and (S (NP many )NP (VP are (VP hoping (PP for (NP major new *UNK )NP )PP (SBAR if (S (NP he )NP (VP is (VP returned (ADVP firmly )ADVP (PP to (NP power )NP )PP )VP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (NP (NP The *UNKC *UNKC )NP , or (NP (NP lower house )NP (PP of (NP Parliament )NP )PP )NP , )NP (VP has (NP (NP *UNKN elected )NP and (NP two appointed )NP (NX seats )NX )NP )VP . )S  STOP
(S (PP In (NP 1984 )NP )PP , (NP (NP the Congress )NP (PRN -LRB- (NP I )NP -RRB- )PRN )NP (VP (VP captured (NP *UNKN seats )NP )VP , (NP (NP the largest victory )NP (PP in (NP (NP the history )NP (PP of (NP Indian democracy )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The *UNK )NP (VP was (VP fueled (PP by (NP (NP panic )NP (SBAR (WHNP that )WHNP (S (VP prevailed (PP in (NP India )NP )PP (PP at (NP the time )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (S (NP Mrs. Gandhi )NP (VP had (VP been (VP *UNKED (PP by (NP *UNK *UNKC )NP )PP )VP )VP )VP )S , and (S (NP many *UNKC )NP (VP feared (SBAR (S (NP their country )NP (VP might (VP split (ADVP apart )ADVP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (PP In (NP the previous three general elections )NP )PP , (NP similar national issues )NP (VP *UNKED (NP the vote )NP )VP . )S  STOP
(S (PP In (NP 1971 )NP )PP , (NP the Congress Party )NP (VP won (PP after (NP (NP (NP India 's )NP victory )NP (PP in (NP the *UNKC war )NP )PP )NP )PP )VP . )S  STOP
(S (S (PP In (NP 1977 )NP )PP , (NP Mrs. Gandhi )NP (VP was (VP thrown (S (ADVP out (PP of (NP office )NP )PP )ADVP )S (PP after (NP her *UNK- emergency rule )NP )PP )VP )VP )S , and (S (PP in (NP 1980 )NP )PP , (SBAR after (S (NP her *UNK )NP (VP made (NP a mess )NP (PP of (NP (NP their three years )NP (PP in (NP power )NP )PP )NP )PP )VP )S )SBAR , (NP she )NP (VP was (VP restored (PP to (NP office )NP )PP )VP )VP )S . )S  STOP
(S (NP Most political analysts )NP (VP say (SBAR that (S (SBAR if (S (NP (NP Mr. Gandhi 's )NP opposition )NP (VP *UNK (S (VP to (VP field (NP single candidates )NP (PP in (NP most *UNK )NP )PP )VP )VP )S )VP )S )SBAR , (NP (NP the Congress )NP (PRN -LRB- (NP I )NP -RRB- )PRN )NP (VP will (VP lose (ADVP big )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S But (SBAR if (S (NP the opposition )NP (VP remains (ADJP *UNKED )ADJP )VP )S )SBAR , (NP (NP the Congress )NP (PRN -LRB- (NP I )NP -RRB- )PRN )NP (VP could (VP (VP win (NP a small majority )NP )VP , or (VP lead (NP a coalition government )NP )VP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP a *UNK and former Gandhi ally )NP , )NP (VP predicts (SBAR (S (NP (NP Congress )NP (PRN -LRB- (NP I )NP -RRB- )PRN )NP (VP will (VP win (NP (NP only 150 seats )NP , (NP (NP a quarter )NP (PP of (NP the house )NP )PP )NP )NP )VP , (SBAR if (S (NP the opposition )NP (VP fields (NP single candidates )NP (PP in (NP (NP 80 % )NP (PP of (NP the races )NP )PP )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (S (NP Analysts )NP (VP say (SBAR (S (NP the opposition )NP (VP will (VP struggle (NP this week )NP (S (VP to (VP *UNK )VP )VP )S )VP )VP )S )SBAR )VP )S , and (S (NP its success )NP (VP will (VP be (ADJP clear )ADJP (SBAR (WHADVP (ADVP only )ADVP when )WHADVP (S (NP it )NP (VP *UNK (NP (NP its final list )NP (PP of (NP parliamentary candidates )NP )PP )NP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (S (NP The *UNK- scandal )NP (VP is (ADJP likely (S (VP to (VP be (NP (NP one )NP (PP of (NP (NP the big talking points )NP (PP in (NP the campaign )NP )PP )NP )PP )NP )VP )VP )S )ADJP )VP )S , but (S (NP (NP it )NP )NP (VP 's (ADJP unclear )ADJP (SBAR (WHADVP how )WHADVP (S (NP it )NP (VP is (VP viewed (PP by (NP average Indian voters )NP )PP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (PP In (NP 1986 )NP )PP , (NP India )NP (VP signed (NP (NP a (ADJP (QP $ 1.4 billion )QP )ADJP contract )NP (PP with (NP (NP AB Bofors )NP , (NP (NP a unit )NP (PP of (NP Nobel Industries Sweden AB )NP )PP )NP )NP )PP )NP , (S (VP to (VP purchase (NP 400 *UNK pieces )NP )VP )VP )S )VP . )S  STOP
(S (NP The contract )NP (VP (VP was (VP negotiated (PP by (NP (NP the countries ' )NP two prime ministers )NP )PP )VP )VP , and (VP was (VP supposed (S (VP to (VP be (ADJP free (PP of (NP (NP (NP commissions )NP or (NP (NP agents ' )NP costs )NP )NP )NP )PP )ADJP )VP )VP )S )VP )VP )VP . )S  STOP
(S (PP In (NP April 1987 )NP )PP , (NP evidence )NP (VP surfaced (SBAR that (S (NP commissions )NP (VP were (VP paid )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The opposition )NP (VP (VP charged (SBAR that (S (NP the money )NP (VP was (VP used (S (VP to (VP bribe (NP Indian government officials )NP )VP )VP )S )VP )VP )S )SBAR )VP , (NP (NP an *UNK )NP (VP denied (PP by (NP (NP Mr. Gandhi 's )NP administration )NP )PP )VP )NP )VP . )S  STOP
(S But (NP (NP many )NP (PP of (NP (NP his statements )NP (PP on (NP the issue )NP )PP (PP in (NP Parliament )NP )PP )NP )PP )NP (ADVP subsequently )ADVP (VP were (VP proven (S (ADJP wrong )ADJP )S (PP by (NP *UNK evidence )NP )PP )VP )VP . )S  STOP
(S (S (NP The scandal )NP (VP has (VP faded and *UNKED )VP )VP )S , but (S (S (NP recent *UNK )NP (VP *UNKED (NP it )NP (ADVP back (PP onto (NP the front pages )NP )PP )ADVP )VP )S , and (S (NP that )NP (VP has (VP helped (S (VP *UNK (NP (NP the opposition )NP , (SBAR (WHNP which )WHNP (S (NP last week )NP (VP blocked (NP (NP passage )NP (PP of (NP two constitutional amendment bills )NP )PP )NP )VP )S )SBAR )NP )VP )S )VP )VP )S )S . )S  STOP
(S (NP It )NP (VP was (NP (NP the first time )NP (PP in (NP 20 years )NP )PP (SBAR that (S (NP such government bills )NP (VP were (VP defeated )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (NP (NP a country )NP (SBAR (WHADVP where )WHADVP (S (NP a bribe )NP (VP is (VP needed (S (VP to (VP get (UCP (NP a phone )NP , (NP a job )NP , and (ADVP even )ADVP (PP into (NP a school )NP )PP )UCP )VP )VP )S )VP )VP )S )SBAR )NP )PP , (NP the name Bofors )NP (VP has (VP become (NP (NP a *UNK *UNKING *UNK )NP (PP against (NP the government )NP )PP )NP )VP )VP . )S  STOP
(S (NP That )NP (VP illustrates (NP (NP (NP the kind )NP (PP of (NP disappointment )NP )PP )NP (SBAR (S (NP many Indians )NP (VP feel (PP toward (NP (NP Mr. Gandhi )NP , (SBAR (WHNP whom )WHNP (S (NP they )NP (VP (VP (ADVP *UNKLY )ADVP elected )VP and (VP (ADVP *UNKLY )ADVP supported (PP in (NP (NP his first two years )NP (PP in (NP power )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP His term )NP (VP (VP has (VP produced (NP (NP no spectacular failures )NP (PP (PP in (NP politics )NP )PP , (PP in (NP the economy )NP )PP or (PP on (NP the military front )NP )PP )PP )NP )VP )VP , and (VP has (VP *UNKED (PRT up )PRT (NP some successes )NP )VP )VP )VP . )S  STOP
(S But (NP the average Indian )NP (VP had (NP (NP tremendous hope )NP (PP in (NP (NP the *UNK leader )NP and (NP his promise (S (VP to (VP make (S (NP both (NP (NP government )NP and (NP the ruling party )NP )NP )NP (ADJP (ADJP more effective )ADJP and (ADJP less *UNK )ADJP )ADJP )S )VP )VP )S )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP His failures )NP (PP in (NP those two areas )NP )PP )NP (VP (ADVP (ADVP deeply )ADVP , and (ADVP sometimes bitterly )ADVP , )ADVP disappointed (NP many Indians )NP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP do n't (VP like (NP (NP the Congress )NP (PRN -LRB- (NP I )NP -RRB- )PRN )NP )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP a farmer )NP (PP in (NP (NP the western state )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP The Congress government )NP (VP is (VP (VP taking (NP (NP the farmers ' )NP bread )NP )VP and not (VP giving (NP us )NP (NP any support )NP )VP )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP there )NP (VP are (NP (NP well problems )NP , (NP light problems )NP , (NP road problems )NP , )NP )VP )S )SBAR (NP the government )NP (VP tells (NP us )NP (S (VP to (VP forget (NP it )NP )VP )VP )S )VP . '' )S  STOP
(S (NP (NP The greatest thing )NP (VP going (PP for (NP (NP Mr. Gandhi )NP and (NP the Congress (PRN -LRB- (NP I )NP -RRB- )PRN Party )NP )NP )PP )VP )NP (VP is (NP (NP the poor reputation )NP (PP of (NP the opposition )NP )PP )NP )VP . )S  STOP
(S (SBAR (ADVP Even )ADVP if (S (NP it )NP (VP *UNK (PP for (NP the elections )NP )PP )VP )S )SBAR , (NP its *UNK )NP (VP is (ADJP likely (S (VP to (VP be (ADJP temporary )ADJP )VP )VP )S )ADJP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP (NP the Congress )NP (PRN -LRB- (NP I )NP -RRB- )PRN )NP (VP lost (NP the 1977 election )NP , (PP following (NP (NP Mrs. Gandhi 's )NP *UNKED emergency rule )NP )PP )VP )S )SBAR , (NP a similar coalition )NP (VP (VP took (NP power )NP )VP and (ADVP then )ADVP (VP *UNKED )VP )VP . )S  STOP
(S (NP Many Indians )NP (VP fear (NP (NP a repeat )NP (PP of (NP that experience )NP )PP )NP )VP . )S  STOP
(NP March 24 , 1986 : )NP  STOP
(S (NP (NP AB Bofors )NP , (NP (NP a unit )NP (PP of (NP Nobel Industries Sweden AB )NP )PP )NP , )NP (VP *UNK (PP into (NP (NP a (ADJP (QP $ 1.4 billion )QP )ADJP contract )NP (PP with (NP (NP India 's )NP Defense Ministry )NP )PP (S (VP to (VP supply (NP 400 Bofors *UNKC *UNK- field *UNK *UNK )NP )VP )VP )S )NP )PP )VP . )S  STOP
(S (PP In (NP 1985 )NP )PP , (NP Prime Minister *UNKC Gandhi )NP , (PP in (NP (NP his talks )NP (PP with (NP then Swedish Prime Minister *UNKC *UNKC )NP )PP )NP )PP , (VP imposed (NP the condition (SBAR that (S (NP the contract )NP (VP have (NP no middlemen )NP )VP )S )SBAR )NP )VP . )S  STOP
(NP April 16 , 1987 : )NP  STOP
(S (NP Swedish National Radio )NP (VP reports (SBAR that (S (NP (NP (QP about $ 40 million )QP )NP (PRN -- (NP (NP (QP nearly 3 )QP % )NP (PP of (NP the total contract )NP )PP )NP -- )PRN )NP (VP was (VP paid (PP by (NP Bofors )NP )PP (PP as (NP (NP commissions )NP (PP to (NP middlemen )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(NP June 1 , 1987 : )NP  STOP
(S (NP (NP Sweden 's )NP National *UNKC Bureau )NP (VP releases (NP (NP its report )NP (VP *UNKING (NP (NP payment )NP (PP of (NP (QP about $ 40 million )QP )NP )PP (PP to (NP unidentified Indians )NP )PP )NP )VP )NP )VP . )S  STOP
(S (NP The report )NP (VP says (SBAR that (S (NP investigations )NP (VP were (VP (ADVP severely )ADVP hampered (PP by (NP (NP lack )NP (PP of (NP (NP cooperation )NP (PP from (NP Bofors )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Bofors )NP (VP says (SBAR (S (NP it )NP (VP ca n't (VP disclose (NP (NP the names )NP (PP of (NP the middlemen )NP )PP )NP (SBAR because (S (NP it )NP (VP would (VP jeopardize (NP industrial *UNK )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP A portion )NP (PP of (NP the report )NP )PP )NP (VP containing (NP (NP names )NP (PP of (NP the middlemen )NP )PP )NP )VP )NP (VP is (VP withheld (PP by (NP (NP officials )NP (SBAR (S (VP citing (NP bank *UNK requirements )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(NP Aug. 6 , 1987 : )NP  STOP
(S (NP Prime Minister Gandhi )NP (VP tells (NP the Indian Parliament )NP , `` ... (S (NP neither (NP (NP I )NP nor (NP (NP any member )NP (PP of (NP my family )NP )PP )NP )NP )NP (VP has (VP received (NP any consideration )NP (PP in (NP these transactions )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP That )NP (VP is (NP the truth )NP )VP . '' )S  STOP
(NP Aug. 26 , 1987 : )NP  STOP
(S (NP Bofors )NP (VP admits (NP (NP payments )NP (PP of (NP (QP $ 41 million )QP )NP )PP (PP to (NP middlemen )NP )PP )NP )VP . )S  STOP
(NP April 22 , 1988 : )NP  STOP
(S (NP The *UNKC newspaper )NP (VP publishes (NP (NP (NP *UNK )NP (PP of (NP (NP bank documents )NP (PP for (NP foreign-exchange *UNK )NP )PP )NP )PP )NP and (NP (NP (NP letters )NP (PP between (NP (NP Bofors )NP and (NP certain private companies )NP )NP )PP )NP (ADJP related (PP to (NP (NP the sale )NP (PP of (NP the *UNK )NP )PP (PP to (NP India )NP )PP )NP )PP )ADJP )NP )NP )VP . )S  STOP
(NP April 26 , 1988 : )NP  STOP
(S (NP (NP A parliamentary *UNK committee )NP (VP dominated (PP by (NP the Congress (PRN -LRB- (NP I )NP -RRB- )PRN Party )NP )PP )VP )NP (VP concludes (SBAR that (S (NP there )NP (VP were (NP (NP (NP no middlemen )NP (PP in (NP the deal )NP )PP )NP and (NP (NP no payment )NP (PP to (NP any Indian individual or company )NP )PP )NP )NP )VP )S )SBAR )VP . )S  STOP
(NP July 18 , 1989 : )NP  STOP
(S (NP (NP The comptroller and *UNK- )NP (PP of (NP India )NP )PP )NP (VP reports (NP (NP serious *UNK )NP (PP in (NP (NP (NP the government 's )NP (ADJP technical and financial )ADJP evaluation )NP (PP of (NP the Bofors deal )NP )PP )NP )PP )NP )VP . )S  STOP
(NP Sept. 15 , 1989 : )NP  STOP
(S (NP (NAC *UNKED army Chief (PP of (NP Staff )NP )PP )NAC *UNKC *UNKC )NP (VP *UNK (PP in (NP an interview )NP )PP (SBAR that (S (NP he )NP (VP suggested (PP in (NP May 1987 )NP )PP (SBAR that (S (NP the government )NP (VP cancel (NP the Bofors contract )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP According (PP to (NP Gen. *UNKC )NP )PP )PP , (NP that )NP (VP would (VP have (VP forced (NP Bofors )NP (S (VP to (VP disclose (NP (NP the names )NP (PP of (NP (NP the middlemen )NP (SBAR (WHNP who )WHNP (S (VP received (NP *UNK )NP (PP from (NP the company )NP )PP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP His recommendation )NP (VP was (VP rejected (PP by (NP the government )NP )PP )VP )VP . )S  STOP
(NP Oct. *UNK 1989 : )NP  STOP
(S (NP The *UNKC newspaper )NP (VP publishes (NP (NP the withheld portion )NP (PP of (NP (NP the Swedish National *UNKC Bureau 's )NP report )NP )PP )NP )VP . )S  STOP
(S (NP The disclosures )NP (VP state (SBAR that (S (NP commissions )NP (VP were (VP paid (PP by (NP Bofors )NP )PP (PP to (NP (NP an Indian agent )NP (PP of (NP the arms company )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC Partnership Ltd. )NP and (NP *UNKC Partners *UNKC )NP )NP (VP said (SBAR (S (NP they )NP (VP may (VP seek (NP (NP (NP proposals )NP (PP from (NP third parties )NP )PP )NP (VP relating (PP to (NP (NP a sale or restructuring )NP (PP of (NP *UNKC International Inc )NP )PP )NP )PP )VP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP a filing )NP (PP with (NP the Securities and Exchange Commission )NP )PP )NP )PP , (NP (NP *UNKC and *UNKC )NP , (SBAR (WHNP which )WHNP (S (ADVP together )ADVP (VP hold (NP (NP *UNKN % )NP (PP of (NP (NP *UNKC 's )NP common shares )NP )PP )NP )VP )S )SBAR , )NP (VP said (SBAR (S (NP they )NP (VP think (SBAR (S (NP (NP it )NP )NP (VP is (PP in (NP (NP the best interest )NP (PP of (NP *UNKC stockholders )NP )PP )NP )PP (SBAR that (S (NP the company )NP (VP be (VP sold )VP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP , (VP based (PP in (NP (NP *UNKC )NP , (NP Va. )NP , )NP )PP )VP )NP (VP said (SBAR (S (NP it )NP (VP (VP had n't (VP seen (NP (NP the filing )NP (PP by (NP *UNKC and *UNKC )NP )PP )NP )VP )VP and (ADVP therefore )ADVP (VP had (NP no comment )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The partnerships )NP (VP said (SBAR (S (S (NP they )NP (VP may (VP seek (NP board representation )NP )VP )VP )S , and (S (NP they )NP (VP may (VP seek (NP (NP the support )NP (PP of (NP (NP (NP *UNKC 's )NP board )NP and (NP other major shareholders )NP )NP )PP )NP (PP in (NP (NP connection )NP (PP with (NP their plans )NP )PP )NP )PP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (PP According (PP to (NP the filing )NP )PP )PP , (NP *UNKC and *UNKC )NP (VP (VP are (VP based (PP in (NP (NP *UNKC )NP , (NP Neb. )NP , )NP )PP )VP )VP and (VP are (VP controlled (PP by (NP (NP the same general partner )NP , (NP Alan S. *UNKC )NP )NP )PP )VP )VP )VP . )S  STOP
(S (NP Their combined stake )NP (VP consists (PP of (NP (NP *UNKN *UNKC common shares )NP , (PP including (NP (NP *UNKN shares )NP (VP bought (PP in (NP the past 60 days )NP )PP (PP at (NP (NP (QP $ *UNKN to $ *UNKN )QP )NP (NP a share )NP )NP )PP )VP )NP )PP )NP )PP )VP . )S  STOP
(S (NP *UNKC shares )NP (VP may (VP be (VP bought or sold (UCP (PP in (NP the open market )NP )PP , (PP in (NP private transactions )NP )PP or (ADVP otherwise )ADVP )UCP , (PP depending (PP on (NP (NP market conditions )NP and (NP other factors )NP )NP )PP )PP )VP )VP )VP . )S  STOP
(S (NP (NP The *UNK trading relationship )NP (PP between (NP bonds and stocks )NP )PP )NP (VP was (VP *UNKED (NP yesterday )NP (SBAR as (S (NP bonds )NP (VP fell (PP despite (NP (NP a modest decline )NP (PP in (NP stock prices )NP )PP )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S But (NP bond investors )NP (VP continue (S (VP to (VP keep (NP a close watch )NP (PP on (NP the *UNK stock market )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP In (NP early trading )NP )PP , (NP investors )NP (VP were (VP bidding (S (NP bond prices )NP (ADJP higher )ADJP )S (SBAR as (S (S (NP stocks )NP (VP tumbled )VP )S and (S (NP fears )NP (VP mounted (SBAR that (S (NP (NP Friday 's )NP stock market debacle )NP (VP would (VP be (VP repeated )VP )VP )VP )S )SBAR )VP )S )S )SBAR )VP )VP . )S  STOP
(S But (NP (NP a partial recovery )NP (PP in (NP (NP the Dow Jones Industrial Average )NP , (SBAR (WHNP which )WHNP (S (VP had (VP been (ADVP down (NP (QP more than 60 )QP points )NP )ADVP (PP in (NP *UNKING )NP )PP )VP )VP )S )SBAR )NP )PP )NP , (VP *UNKED (NP those expectations )NP )VP . )S  STOP
(S (NP Treasury bonds )NP (ADVP also )ADVP (VP were (VP hurt (PP (ADVP late )ADVP in (NP the day )NP )PP (PP by (NP (NP (NP a (ADJP (QP $ 4 billion )QP )ADJP offering )NP (PP by (NP the Tennessee Valley Authority )NP )PP )NP and (NP (NP the prospect )NP (PP of (NP (NP a huge amount )NP (PP of (NP new agency debt )NP )PP )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP Bond investors )NP (VP were (VP hoping (SBAR that (S (NP stock prices )NP (VP would (VP continue (S (VP to (VP fall )VP )VP )S )VP )VP )S )SBAR )VP )VP )S , '' (VP said )VP (NP (NP Roger Early )NP , (NP (NP a vice president )NP (PP at (NP (NP Federated Investors Inc. )NP , (NP Pittsburgh )NP )NP )PP )NP )NP . )SINV  STOP
(S `` (SBAR (WHADVP When )WHADVP (S (NP stocks )NP (VP stabilized )VP )S )SBAR , (NP that )NP (VP was (NP a disappointment )NP )VP . '' )S  STOP
(S (ADVP Meanwhile )ADVP , (PP for (NP the second straight day )NP )PP , (NP the bond market )NP (VP paid (NP little attention )NP (PP to (NP (NP the Federal Reserve 's )NP open market operations )NP )PP )VP . )S  STOP
(S (NP Fed officials )NP (VP *UNKED (NP more cash )NP (PP into (NP the banking system )NP )PP (PP by (S (VP arranging (NP (NP (QP $ 1.5 billion )QP )NP (PP of (NP repurchase agreements )NP )PP )NP (PP during (NP the usual *UNK- intervention period )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP The move )NP (VP was (VP meant (S (VP (VP to (VP keep (NP a *UNK )NP (PP on (NP interest rates )NP )PP )VP )VP and (VP to (VP boost (NP investor confidence )NP )VP )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP The intervention )NP (VP has (VP been (ADJP friendly )ADJP , (S (VP meaning (SBAR that (S (NP they )NP (ADVP really )ADVP (VP did n't (VP have (S (VP to (VP do (NP it )NP )VP )VP )S )VP )VP )S )SBAR )VP )S )VP )VP )S , '' (VP said )VP (NP (NP Maria *UNKC *UNKC )NP , (NP (NP money-market economist )NP (PP at (NP Drexel Burnham Lambert Inc )NP )PP )NP )NP . )SINV  STOP
(S (NP She )NP (VP said (SBAR (S (NP a (ADJP more aggressive )ADJP move )NP (VP was n't (VP needed )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The Fed )NP (ADVP also )ADVP (VP appears (ADJP reluctant (S (VP to (VP ease (NP credit conditions )NP (ADVP further )ADVP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP It )NP (ADVP already )ADVP (VP has (VP allowed (S (NP the (ADJP closely watched )ADJP federal funds rate )NP (VP to (VP decline (NP 1\/4 percentage point )NP (PP to (NP (QP about 8 3\/4 )QP % )NP )PP (PP from (NP (NP its previous target level )NP (PP of (NP (QP about 9 )QP % )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The rate )NP , (SBAR (WHNP which )WHNP (S (NP banks )NP (VP charge (NP each other )NP (PP on (NP overnight loans )NP )PP )VP )S )SBAR , )NP (VP is (VP considered (NP (NP an early signal )NP (PP of (NP (NP changes )NP (PP in (NP Fed policy )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP It )NP (VP (VP ended (PP at (NP about 8 11\/16 % )NP )PP (NP yesterday )NP )VP , but (VP (VP was (ADJP as low (PP as (NP (QP 8 1\/2 )QP % )NP )PP )ADJP (NP Monday )NP )VP )VP )VP . )S  STOP
(S (NP (NP The Treasury 's )NP benchmark 30-year bond )NP (VP fell (NP (NP (QP more than 1\/2 )QP point )NP , or (NP (NP (QP over $ 5 )QP )NP (PP for (NP each (ADJP $ 1,000 )ADJP face amount )NP )PP )NP )NP , (SBAR while (S (NP the yield )NP (VP moved (PP above (NP 8 % )NP )PP (PP for (NP (NP the first time )NP (PP since (NP Thursday )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC (ADJP corporate , municipal and mortgage-backed )ADJP securities )NP (ADVP also )ADVP (VP fell )VP . )S  STOP
(S But (NP most junk bonds )NP (VP closed (ADJP unchanged )ADJP (PP after (S (VP opening (ADJP slightly higher )ADJP (PP on (NP (NP *UNKING )NP (PP by (NP institutional investors )NP )PP )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP (NP Some so-called high-quality junk issues )NP , (PP such as (NP (NP *UNKC Macy & Co. 's )NP (ADJP 14 1\/2 % )ADJP subordinated debentures )NP )PP , )NP (VP rose )VP . )S  STOP
(S (NP (NP The Macy 's )NP issue )NP (VP closed (ADVP up (NP (QP about one )QP point )NP )ADVP (PP at (NP (NP a bid price )NP (PP of (NP 97 )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The TVA 's )NP public debt offering )NP (VP was (NP (NP its first )NP (PP in (NP 15 years )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC investor demand )NP (VP prompted (NP it )NP (S (VP to (VP boost (NP (NP the size )NP (PP of (NP the issue )NP )PP )NP (PP from (NP (QP $ 3 billion )QP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Traders )NP (VP said (SBAR (S (NP (NP hedging )NP (VP related (PP to (NP the TVA pricing )NP )PP )VP )NP (ADVP also )ADVP (VP pressured (NP Treasury bonds )NP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP (NP *UNKC )NP (PP of (NP the TVA bonds )NP )PP )NP (VP reduced (NP their market risk )NP (PP by (S (VP selling (NP Treasurys )NP (S (VP to (VP cover (NP (NP (ADVP at least )ADVP part )NP (PP of (NP their -LCB- TVA -RCB- holdings )NP )PP )NP )VP )VP )S )VP )S )PP )VP )S , '' (VP said )VP (NP (NP James R. *UNKC )NP , (NP (NP a senior vice president )NP (PP at (NP Shearson Lehman Government Securities Inc )NP )PP )NP )NP . )SINV  STOP
(SINV (S (NP The TVA bonds )NP (ADVP also )ADVP `` (VP served (S (VP to (VP *UNK (NP the market )NP (SBAR that (S (NP there )NP (VP will (VP be (NP (ADJP even more )ADJP new supply )NP )VP )VP )S )SBAR )VP )VP )S )VP )S , '' (VP said )VP (NP (NP Lawrence N. *UNKC )NP , (NP (NP a managing director )NP (PP at (NP *UNKC Warburg Securities & Co )NP )PP )NP )NP . )SINV  STOP
(S (NP Today )NP (S (NP the Treasury )NP (VP will (VP announce (NP (NP the size )NP (PP of (NP its next two-year note sale )NP )PP )NP )VP )VP )S and (S (NP Resolution Funding Corp. )NP (VP will (VP announce (NP (NP details )NP (PP of (NP its first bond offering )NP )PP )NP )VP )VP )S . )S  STOP
(S (S (NP Some traders )NP (VP estimate (SBAR (S (NP (NP $ 9.75 billion )NP (PP of (NP new two-year Treasurys )NP )PP )NP (VP will (VP be (VP sold (NP next week )NP )VP )VP )VP )S )SBAR )VP )S , and (S (NP they )NP (VP expect (S (NP Refcorp )NP (VP to (VP offer (NP (NP (QP $ 4 billion to $ 6 billion )QP )NP (PP of (NP long-term `` bailout '' bonds )NP )PP )NP )VP )VP )S )VP )S . )S  STOP
(S (NP Refcorp )NP (VP was (VP created (S (VP to (VP help (VP fund (NP the thrift bailout )NP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP Another agency issue )NP (VP came (PP to (NP market )NP )PP (NP yesterday )NP )VP . )S  STOP
(S (NP (NP The Office )NP (PP of (NP Finance )NP )PP (PP of (NP the Federal Home Loan Banks )NP )PP )NP (VP said (SBAR (S (NP it )NP (VP priced (NP (NP a *UNK- (ADJP (QP $ *UNKN billion )QP )ADJP bond offering )NP (SBAR for (S (NP the banks )NP (VP to (VP yield (NP (QP from *UNKN % to 8.375 % )QP )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The release )NP (PP of (NP (NP several economic reports )NP )NP )PP )NP (VP had (NP little impact )NP (PP on (NP the market )NP )PP , (PP including (NP (NP a report )NP (SBAR that (S (NP the U.S. trade deficit )NP (VP expanded (PP to (NP a (ADJP surprisingly wide )ADJP (QP $ *UNKN billion )QP )NP (PP in (NP August )NP )PP )PP , (ADVP up (PP from (NP (NP a revised (QP $ *UNKN billion )QP )NP )NP (PP in (NP July )NP )PP )PP )ADVP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The August gap )NP (VP was (VP expected (S (VP to (VP have (VP expanded (PP to (NP (QP $ *UNKN billion )QP )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(NP Treasury Securities )NP  STOP
(S (NP Treasury securities )NP (VP were (ADJP (ADJP essentially flat )ADJP (PP to (ADJP (NP (QP about 1\/2 )QP point )NP lower )ADJP )PP )ADJP )VP . )S  STOP
(S (NP The benchmark 30-year bond )NP (VP was (VP quoted (ADVP late )ADVP (PP at (NP 100 *UNKN )NP )PP (S (VP to (VP yield (NP 8.04 % )NP )VP )VP )S , (PP compared (PP with (VP (NP (QP 101 *UNKN )QP )NP (S (VP to (VP yield (NP *UNKN % )NP (NP Monday )NP )VP )VP )S )VP )PP )PP )VP )VP . )S  STOP
(S (NP The latest 10-year notes )NP (VP were (VP quoted (ADVP late )ADVP (PP at (NP 99 *UNKN )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S , )VP )VP (PP compared (PP with (VP (NP 100 *UNKN )NP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )PP )PP . )S  STOP
(S (NP Short-term rates )NP (VP increased )VP . )S  STOP
(S (NP (NP The discount rate )NP (PP on (NP three-month bills )NP )PP )NP (VP rose (PP to (NP 7.52 % )NP )PP (PP for (NP (NP a *UNK- yield )NP (PP of (NP *UNKN % )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The rate )NP (PP on (NP six-month bills )NP )PP )NP (VP rose (PP to (NP *UNKN % )NP )PP (PP for (NP (NP a *UNK- yield )NP (PP of (NP 7.92 % )NP )PP )NP )PP )VP . )S  STOP
(NP Corporate , Other Issues )NP  STOP
(S (NP *UNKC corporate bonds )NP (VP ended (ADJP (NP (QP 1\/4 to 1\/2 )QP point )NP lower )ADJP , (SBAR while (S (NP most junk bonds )NP (VP ended (ADJP unchanged )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The TVA 's )NP huge (ADJP (QP $ 4 billion )QP )ADJP offering )NP (VP dominated (NP attention )NP (PP in (NP the new-issue market )NP )PP )VP . )S  STOP
(S (NP TVA )NP (VP offered (NP (NP (NP (QP $ 2 billion )QP )NP (PP of (NP (NP 30-year bonds )NP (VP priced (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )NP )PP )NP ; (NP (NP (QP $ 1 billion )QP )NP (PP in (NP (NP 10-year notes )NP (VP priced (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP )NP )PP )NP ; and (NP (NP (QP $ 1 billion )QP )NP (PP in (NP (NP five-year notes )NP (VP priced (S (VP to (VP yield (NP 8.33 % )NP )VP )VP )S )VP )NP )PP )NP )NP )VP . )S  STOP
(S (NP (NP The TVA )NP , (SBAR (WHNP which )WHNP (S (VP operates (NP (NP one )NP (PP of (NP (NP the nation 's )NP largest electric power systems )NP )PP )NP )VP )S )SBAR , )NP (VP is (NP (NP a corporation )NP (VP (ADVP wholly )ADVP owned (PP by (NP the U.S. government )NP )PP )VP )NP )VP . )S  STOP
(S (NP (NP Yesterday 's )NP bond sale )NP (VP was (NP (NP part )NP (PP of (NP a (ADJP (QP $ 6.7 billion )QP )ADJP refinancing plan (S (VP to (VP pay (PRT off )PRT (NP (NP *UNK- debt )NP (SBAR (S (NP the TVA )NP (VP owes (NP (NP the Federal Financing Bank )NP , (NP (NP an arm )NP (PP of (NP the Treasury )NP )PP )NP )NP )VP )S )SBAR )NP )VP )VP )S )NP )PP )NP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP Lockheed Corp. )NP (VP priced (NP a (ADJP (QP $ 300 million )QP )ADJP note offering )NP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP . )S  STOP
(NP *UNKED Securities )NP  STOP
(S (NP The derivative mortgage-backed market )NP (VP revived (PP after (NP a brief *UNK )NP )PP (SBAR as (S (S (NP (NP two new *UNKC )NP (VP totaling (NP (QP $ 850 million )QP )NP )VP )NP (VP were (VP offered )VP )VP )S and (S (NP (NP talk )NP )NP (VP *UNKED )VP (PP about (NP (NP two more issues )NP (SBAR (WHNP that )WHNP (S (VP could (VP be (VP priced (NP today )NP )VP )VP )VP )S )SBAR )NP )PP )S )S )SBAR )VP . )S  STOP
(S (NP (NP The revival )NP (PP of (NP the real estate mortgage investment *UNK market )NP )PP )NP (VP reflected (NP (NP the relative *UNK )NP (PP in (NP the mortgage market )NP )PP (PP after (NP (NP two days )NP (PP of (NP volatile trading )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Dealers )NP (VP noted (SBAR that (S (NP (NP it )NP )NP (VP 's (ADJP difficult )ADJP (S (VP to (VP structure (NP new *UNKC )NP )VP )VP )S (SBAR (WHADVP when )WHADVP (S (NP prices )NP (VP are (VP moving (ADVP widely )ADVP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The two *UNKC )NP (VP priced )VP )NP (VP were (NP (NP (NP a (ADJP (QP $ 500 million )QP )ADJP Federal Home Loan Mortgage Corp. issue )NP (VP underwritten (PP by (NP Salomon Brothers Inc. )NP )PP )VP )NP and (NP (NP a (ADJP (QP $ 350 million )QP )ADJP Federal National Mortgage Association deal )NP (VP underwritten (PP by (NP Greenwich Capital Markets )NP )PP )VP )NP )NP )VP . )S  STOP
(S (NP The Remic issuance )NP (VP supported (NP (NP prices )NP (PP of (NP (NP (NP Freddie Mac )NP and (NP Fannie Mae securities )NP )NP , (SBAR (WHNP which )WHNP (S (VP held (PRT up )PRT (ADVP (ADVP better )ADVP (PP than (NP Government National Mortgage Association securities )NP )PP )ADVP (PP during (NP an afternoon sell-off )NP )PP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP Ginnie Mae (ADJP 9 % )ADJP securities )NP (PP for (NP November delivery )NP )PP )NP (VP ended (PP at (NP 97 *UNKN )NP )PP , (ADVP down (NP 7\/32 )NP )ADVP )VP )S ; (S (NP (ADJP (QP 9 1\/2 )QP % )ADJP securities )NP (PP at (NP 99 *UNKN )NP )PP , (ADVP down (NP *UNKN )NP )ADVP )S ; and (S (NP (ADJP 10 % )ADJP securities )NP (PP at (NP 101 *UNKN )NP )PP , (ADVP down (NP *UNKN )NP )ADVP )S . )S  STOP
(S (NP Freddie Mac 9 % securities )NP (VP were (PP at (NP 97 5\/32 )NP )PP , (ADVP down (NP 3\/32 )NP )ADVP )VP . )S  STOP
(S (NP The Ginnie Mae 9 % issue )NP (VP was (VP yielding (NP *UNKN % )NP (PP to (NP a 12-year average life assumption )NP )PP , (SBAR as (S (NP (NP the spread )NP (PP above (NP the Treasury 10-year note )NP )PP )NP (VP held (PP at (NP 1.42 percentage points )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(NP *UNKC )NP  STOP
(S (NP (NP *UNKC )NP (PP over (NP (NP the near-term trend )NP (PP for (NP rates )NP )PP )NP )PP )NP (VP dominated (NP the municipal arena )NP , (SBAR as (S (NP (NP gyrations )NP (PP in (NP the stock market )NP )PP )NP (VP continued (S (VP to (VP *UNK (NP bonds )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Long tax-exempt dollar bonds )NP (VP were (ADJP mostly flat (PP to (ADJP (NP 3\/8 point )NP lower )ADJP )PP )ADJP (PP after (NP (NP a *UNK session )NP (PP of (S (VP moving (ADVP *UNKLY )ADVP (PP to (NP stocks )NP )PP (PP in (NP modest *UNKED trading )NP )PP )VP )S )PP )NP )PP )VP . )S  STOP
(S (NP (NP Prices )NP (PP of (NP *UNKED municipal bonds )NP )PP )NP (VP were (VP capped (PP by (NP news (SBAR that (S (NP Chemical Securities Inc. )NP , (PP as (NP (NP agent )NP (PP for (NP a customer )NP )PP )NP )PP , (VP will (VP accept (NP bids )NP (NP today )NP (PP for (NP (NP (NP two large lists )NP (PP of (NP bonds )NP )PP )NP (SBAR (WHNP that )WHNP (S (VP include (NP many such issues )NP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP The lists )NP (VP total (NP (QP $ *UNKN million )QP )NP )VP . )S  STOP
(S (NP *UNKED bonds )NP (VP are (VP called (PP at (NP their earliest call date )NP )PP (PP with (NP (NP the *UNKED proceeds )NP (PP of (NP another bond issue )NP )PP )NP )PP )VP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP several new issues )NP (VP were (VP priced )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (VP led (PP by (NP PaineWebber Inc. )NP )PP )VP )NP (VP set (NP preliminary pricing )NP (PP for (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP California Health Facilities Financing Authority revenue bonds )NP )PP )NP )PP (PP for (NP Kaiser *UNKC )NP )PP )VP . )S  STOP
(S (NP *UNKC *UNKING yields )NP (VP were (VP set (PP (PP from (NP 6.25 % )NP (PP in (NP 1993 )NP )PP )PP (PP to (NP *UNKN % )NP (PP in (NP 2018 )NP )PP )PP )PP )VP )VP . )S  STOP
(S (PP As (NP (NP part )NP (PP of (NP its College Savings Plan )NP )PP )NP )PP , (NP Connecticut )NP (VP offered (NP (NP (QP $ *UNKN million )QP )NP (PP of (NP (NP general obligation capital appreciation bonds )NP (VP priced (S (VP to (VP yield (PP to (NP maturity )NP )PP (PP (PP from (NP 6.25 % )NP (PP in (NP 1994 )NP )PP )PP (PP to (NP 6.90 % )NP (PP in (NP *UNKN , 2007 and 2009 )NP )PP )PP )PP )VP )VP )S )VP )NP )PP )NP )VP . )S  STOP
(S (NP A Chemical Securities group )NP (VP won (NP (NP a (ADJP (QP $ 100 million )QP )ADJP Oregon general obligation (NP veterans ' )NP tax note issue )NP (ADJP due (NP Nov. 1 , 1990 )NP )ADJP )NP )VP . )S  STOP
(S (NP The (ADJP (QP 6 3\/4 )QP % )ADJP notes )NP (VP yield (NP 6.25 % )NP )VP . )S  STOP
(NP Foreign Bonds )NP  STOP
(S (NP West German government bond prices )NP (VP took (NP a wild *UNK- ride )NP , (S (VP (VP pulled (ADVP down )ADVP (PP by (NP (NP Monday 's )NP U.S. stock market gains )NP )PP )VP (VP (ADVP then )ADVP (ADVP up )ADVP (PP by (NP (NP a *UNKED U.S. trade deficit )NP and (NP falling U.S. stock prices )NP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP (NP West Germany 's )NP (ADJP 7 % )ADJP bond )NP (ADJP due (NP October 1999 )NP )ADJP )NP (VP was (PP at (NP *UNKN )NP )PP (NP late yesterday )NP , (PP off (NP *UNKN point )NP (PP from (NP Monday )NP )PP )PP , (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP The (ADJP (QP 6 3\/4 )QP % )ADJP notes )NP (ADJP due (NP April 1994 )NP )ADJP )NP (VP were (ADVP up (NP *UNKN point )NP )ADVP (PP to (NP *UNKN )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP . )S  STOP
(S (NP British government bonds )NP (VP surged (PRT on )PRT (NP (NP renewed volatility )NP (PP in (NP the stock market )NP )PP )NP )VP . )S  STOP
(S (NP (NP The Treasury (ADJP (QP 11 3\/4 )QP % )ADJP bond )NP (ADJP due (NP 2003\/2007 )NP )ADJP )NP (VP rose (NP *UNKN )NP (PP to (NP 112 *UNKN )NP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP . )S  STOP
(S But (NP Japanese bonds )NP (VP ended (ADJP weaker )ADJP )VP . )S  STOP
(S (NP (NP The benchmark No. 111 4.6 % bond )NP (ADJP due (NP 1998 )NP )ADJP )NP (VP ended (PP on (NP (NP brokers ' )NP screens )NP )PP (PP at (NP (NP a price )NP (PP of (NP 96 )NP )PP )NP , (ADVP off (NP *UNKN point )NP )ADVP )PP (S (VP to (VP yield (NP *UNKN % )NP )VP )VP )S )VP . )S  STOP
(S (NP A House-Senate conference )NP (VP approved (NP (NP an estimated (ADJP (QP $ 67 billion )QP )ADJP fiscal 1990 spending bill )NP (SBAR (WHNP that )WHNP (S (VP (VP provides (NP a (ADJP 28 % )ADJP increase )NP (PP for (NP space research and development )NP )PP )VP and (VP *UNK (NP (NP far-reaching provisions )NP (VP affecting (NP the federal mortgage market )NP )VP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP The current ceiling )NP (PP on (NP (NP home loans )NP (VP insured (PP by (NP the Federal Housing Administration )NP )PP )VP )NP )PP )NP (VP would (VP be (VP increased (PP to (NP $ *UNKN )NP )PP )VP )VP )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP the bill )NP (VP gives (NP authority )NP (PP to (NP the Bush administration )NP )PP (S (VP to )VP (VP *UNK (NP (NP the refinancing )NP (PP of (NP (NP (ADJP federally subsidized )ADJP loans )NP (PP for (NP low-income and *UNK- homeowners )NP )PP )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP (NP The second provision )NP , (VP affecting (NP so-called *UNKN mortgages )NP )VP , )NP (VP has (VP met (NP (NP strong opposition )NP (PP from (NP (NP investment bankers )NP (VP represented (PP by (NP the Public Securities Association )NP )PP )VP )NP )PP )NP )VP )VP . )S  STOP
(S And (NP (NP a *UNK )NP (PP of (NP (NP influential former Senate aides )NP (VP employed (PP by (NP the Wall Street firm Salomon Brothers )NP )PP )VP )NP )PP )NP (VP came (PP to (NP the Capitol )NP )PP (PP in (NP a *UNK attempt (S (VP to (VP strip (NP the provision )NP )VP )VP )S )NP )PP )VP . )S  STOP
(S (S (PP By (NP an *UNKN margin )NP )PP , (NP Senate negotiators )NP (VP voted (S (VP to (VP preserve (NP the *UNKN mortgage refinancing plan )NP )VP )VP )S )VP )S , and (S (PP despite (NP powerful allies )NP )PP , (NP the opposition )NP (VP found (S (NP itself )NP (ADJP undercut (PP by (NP (NP an unusual alliance )NP (PP of (NP *UNK and conservatives )NP )PP )NP )PP )ADJP )S )VP )S . )S  STOP
(S (S (NP The government )NP (ADVP currently )ADVP (VP is (VP *UNKING (NP (NP an estimated *UNKN loans )NP (PP above (NP 11 % )NP )PP )NP (PP under (NP the *UNKN program )NP )PP )VP )VP )S , and (S (ADJP however *UNK (PP to (NP private investors )NP )PP )ADJP , (NP the refinancing )NP (VP is (VP expected (S (VP to (VP yield (NP (NP (QP at least $ 15 million )QP )NP (PP in (NP savings )NP )PP )NP (PP in (NP fiscal 1990 )NP )PP )VP )VP )S )VP )VP )S . )S  STOP
(S (S (NP This sum )NP (VP has (VP been (VP *UNKED (ADVP *UNKLY )ADVP (PP by (NP (NP *UNK )NP (ADJP anxious (S (VP to (VP offset (NP (NP spending )NP (ADVP elsewhere )ADVP )NP )VP )VP )S )ADJP )NP )PP )VP )VP )VP )S , and (S (NP conservative Sen. Phil *UNKC )NP (VP cast (NP the fight )NP (PP as (NP (NP a *UNK stand )NP (PP against (NP *UNKED interests )NP )PP )NP )PP )VP )S . )S  STOP
(SINV `` (S (NP We )NP (VP are (NP (NP *UNK )NP )NP (ADVP here )ADVP , (PP not (PP of (NP the mortgage companies )NP )PP , but (PP (NP the taxpayers )NP )PP )PP )VP )S , '' (VP said )VP (NP the Texas Republican )NP . )SINV  STOP
(S (NP The action )NP (VP came (SBAR as (S (NP the administration )NP (VP won (NP (NP final congressional approval )NP (PP of (NP (NP (QP $ 9 million )QP )NP (PP in (NP (NP assistance )NP (PP for (NP (NP elections )NP (VP scheduled (PP in (NP Nicaragua )NP )PP (PP in (NP February )NP )PP )VP )NP )PP )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP The bulk )NP (PP of (NP the money )NP )PP )NP (VP would (VP be (VP *UNKED (PP through (NP (NP the National *UNKC )NP (PP for (NP *UNKC )NP )PP )NP )PP )VP )VP )VP )S , but (S (NP the legislation )NP (VP is (ADJP (ADJP (ADVP so *UNKLY )ADVP written )ADJP (SBAR that (S (NP it )NP (VP has (VP been (VP *UNKED (PP by (NP (NP questions )NP (VP regarding (NP (NP (NP the money 's )NP true purpose )NP and (NP its ultimate *UNK )NP )NP )VP )NP )PP )VP )VP )VP )S )SBAR )ADJP )VP )S . )S  STOP
(S (S (NP The Senate )NP (VP had (VP refused (NP late Friday )NP (S (VP to (VP (VP *UNK (NP *UNK )NP )VP and (VP limit (NP debate )NP )VP )VP )VP )S )VP )VP )S , but (S (PP behind (NP the bipartisan leadership )NP )PP , (NP a solid majority )NP (VP (VP took (NP shape )NP (NP yesterday )NP )VP and (VP *UNKED (ADVP aside )ADVP (NP (NP amendments )NP (VP seeking (S (VP to (VP (VP cut (NP the total package )NP )VP or (VP *UNK (NP it )NP (ADVP away (PP from (NP (NP direct aid )NP (PP to (NP political parties )NP )PP )NP )PP )ADVP )VP )VP )VP )S )VP )NP )VP )VP )S . )S  STOP
(S (S (NP *UNKC approval )NP (PRN -- (PP on (NP a *UNKN roll call )NP )PP -- )PRN (VP was (ADVP never )ADVP (PP in (NP doubt )NP )PP )VP )S , but (S (NP the opposition )NP (VP drew (NP (NP an unusual mix )NP (PP of (NP senators )NP )PP , (PP including (NP (NP Republicans *UNKC *UNKC and Warren *UNKC )NP and (NP Democrats Bill Bradley and John Glenn )NP )NP )PP )NP )VP )S . )S  STOP
(S (S (NP The money )NP (VP will (VP be (VP applied (PP for (NP (NP *UNK registration )NP and (NP election monitoring )NP )NP )PP )VP )VP )VP )S , but (S (NP (QP more than half )QP )NP (VP is (ADJP likely (S (VP to (VP go (PP to (NP the Union *UNKC *UNKC party )NP )PP )VP )VP )S )ADJP )VP )S . )S  STOP
(S (S (NP Critics )NP (VP warned (SBAR (S (NP such cash contributions )NP (VP may (VP (ADVP only )ADVP undercut (NP (NP the opposition party 's )NP standing )NP )VP )VP )S )SBAR )VP )S , and (S (NP one *UNK )NP (VP is (SBAR that (S (PP under (NP Nicaraguan law )NP )PP (NP (NP a major portion )NP (PP of (NP (NP the opposition party 's )NP funds )NP )PP )NP (VP must (VP be (VP shared (PP with (NP (NP the government 's )NP Supreme *UNKC Council )NP )PP )VP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (PP Within (NP the appropriations conference )NP )PP (NP yesterday )NP , (NP the (ADJP (QP $ 67 billion )QP )ADJP measure )NP (VP (VP is (NP (NP the second largest )NP (PP of (NP the annual domestic spending bills )NP )PP )NP )VP and (VP covers (NP (NP a *UNK collection )NP (PP of (NP (NP accounts )NP (PP for (NP (NP science )NP , (NP housing )NP , (NP veterans )NP and (NP the environment )NP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP The decision (S (VP to (VP raise (NP (NP the ceiling )NP (PP on (NP FHA home loans )NP )PP )NP )VP )VP )S )NP (ADVP still )ADVP (VP faces (NP (NP strong opposition )NP (PP in (NP the House )NP )PP )NP )VP . )S  STOP
(S But (NP it )NP (VP is (VP driven (PP by (NP (NP the same fiscal pressures )NP (SBAR (WHNP that )WHNP (S (VP have (VP forced (S (NP lawmakers )NP (VP to (VP resort (PP to (NP various *UNKING devices )NP )PP (S (VP to (VP *UNK (NP (NP (QP as much as $ 1 billion )QP )NP (PP in (NP spending )NP )PP (SBAR (WHNP that )WHNP (S (VP would (ADVP otherwise )ADVP (VP put (NP the bill )NP (PP over (NP budget )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (S (NP These costs )NP (VP will (VP *UNK (NP the budget picture )NP (PP in (NP fiscal 1991 )NP )PP )VP )VP )S , and (S (NP the measure )NP (VP (ADVP further )ADVP *UNK (NP Congress )NP (PP to (NP (NP a set )NP (PP of (NP costly projects )NP )PP , (PP including (NP (NP the first construction funds )NP (PP for (NP the space station )NP )PP )NP )PP )NP )PP )VP )S . )S  STOP
(S (S (NP The station )NP (VP is (VP promised (NP (NP (QP $ 1.8 billion )QP )NP (PP within (NP (NP the (QP $ *UNKN billion )QP )NP (VP provided (PP for (NP research and development )NP )PP (PP in (NP the National Aeronautics and Space Administration )NP )PP )VP )NP )PP )NP )VP )VP )S , and (S (NP (NP (NP the nation 's )NP *UNKED aerospace plane )NP (PRN -- (VP cut (PP by (NP the Senate )NP )PP )VP -- )PRN )NP (VP could (VP receive (NP (NP (QP as much as $ 60 million )QP )NP (PP in (NP (NP new funds )NP or (NP transfers )NP )NP )PP )NP )VP )VP )S . )S  STOP
(S (ADVP Similarly )ADVP , (NP the House )NP (VP agreed (S (VP to (VP add (ADVP back )ADVP (NP (QP $ 62 million )QP )NP (S (VP to (VP continue (NP (NP work )NP (PP on (NP (NP the advanced communications technology satellite )NP , (VP being (VP developed (PP by (NP General Electric Co )NP )PP )VP )VP )NP )PP )NP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S And (SBAR while (S (VP setting (NP (NP a *UNK limit )NP (PP of (NP (QP $ 1.6 billion )QP )NP )PP (PP on (NP the *UNKED space probe )NP )PP )NP )VP )S )SBAR , (NP the conference )NP (VP *UNKED (NP (QP $ 30 million )QP )NP (PP for (NP (NP the start-up )NP (PP of (NP (NP the *UNKC mission )NP , (NP (NP a successor )NP (PP to (NP the *UNKC space probe )NP )PP )NP )NP )PP )NP )PP )VP . )S  STOP
(S (PP Among (NP major domestic agencies )NP )PP , (NP the Environmental Protection Agency )NP (VP stands (S (VP to (VP receive (NP (NP increases )NP (PP (ADVP significantly )ADVP beyond (NP (NP those )NP (VP sought (PP by (NP the administration )NP )PP )VP )NP )PP )NP , (PP with (S (NP pollution *UNK and control accounts )NP (VP growing (PP by (NP 14 % )NP )PP (PP to (NP (QP about $ *UNKN million )QP )NP )PP )VP )S )PP )VP )VP )S )VP . )S  STOP
(S (S (NP An estimated $ *UNKN billion )NP (VP is (ADVP separately )ADVP (VP allocated (PP for (NP the National Science Foundation )NP )PP )VP )VP )S , and (S (PP within (NP the Housing and Urban Development Department )NP )PP , (NP (QP more than $ 9.2 billion )QP )NP (VP is (VP provided (PP for (NP (NP (ADJP federally *UNKED )ADJP housing )NP , (PP including (NP an expanded effort (S (VP to (VP modernize (NP (NP public housing units )NP (SBAR (WHNP that )WHNP (S (VP serve (NP the poorest families )NP )VP )S )SBAR )NP )VP )VP )S )NP )PP )NP )PP )VP )VP )S . )S  STOP
(S (PP To (NP an unusual degree )NP )PP , (NP the massive bill )NP (VP has (VP become (NP (NP a vehicle )NP (SBAR for (S (NP lawmakers )NP (VP to (VP *UNK (NP funds )NP (PP for (NP (NP projects )NP (PP in (NP home states )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (SBAR While (S (NP the practice )NP (VP was (VP *UNKED (PP in (NP the past )NP )PP )VP )VP )S )SBAR , (NP the conference agreement )NP (VP is (VP *UNKED (PP with (NP (NP (NP veterans ' )NP hospitals )NP , (NP environmental projects )NP and (NP (NP urban grants )NP (VP designated (PP for (NP specific communities )NP )PP )VP )NP )NP )PP )VP )VP . )S  STOP
(S (NP The (ADJP most striking )ADJP example )NP (NP yesterday )NP (VP may (VP have (VP been (PP in (NP (NP community development funds )NP , (SBAR (WHADVP where )WHADVP (S (S (NP the two houses )NP (VP had (ADVP separately )ADVP (VP approved (NP (NP (NP a total )NP (PP of (NP 27 projects )NP )PP )NP (VP valued (PP at (NP (QP $ 20 million )QP )NP )PP )VP )NP )VP )VP )S , and (S (NP the conference )NP (VP added (NP (NP 15 more )NP (VP valued (PP at (NP (QP $ 8 million )QP )NP )PP )VP )NP (S (VP to (VP (ADVP *UNKLY )ADVP preserve (NP `` (NP balance )NP '' (PP between (NP the House and Senate )NP )PP )NP )VP )VP )S )VP )S )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP Yesterday 's )NP conference agreement )NP (VP is (NP (NP the second major bill )NP (SBAR (S (VP to (VP emerge (PP from (NP negotiations )NP )PP (NP this week )NP )VP )VP )S )SBAR )NP , (SBAR as (S (NP *UNK )NP (VP approved (NP a fiscal 1990 transportation bill )NP (NP late Monday )NP (SBAR (WHNP that )WHNP (S (VP includes (NP (NP a sweeping ban )NP (PP on (S (VP smoking (PP on (NP most domestic airline flights )NP )PP )VP )S )PP )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (S (NP An exemption )NP (VP will (VP remain (PP for (NP (NP flights )NP (ADJP (ADJP longer )ADJP (PP than (NP six hours )NP )PP )ADJP (PP to (NP Hawaii and Alaska )NP )PP )NP )PP )VP )VP )S , but (S (NP (NP estimates )NP (PP by (NP the tobacco industry )NP )PP (NP yesterday )NP )NP (VP indicate (SBAR (S (NP (QP all but about 30 )QP flights )NP (VP would (VP be (VP covered )VP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (ADVP Separately )ADVP , (NP (NP a third conference report )NP (VP covering (NP an (ADJP (QP $ *UNKN billion )QP )ADJP Treasury and Postal Service bill )NP )VP )NP (VP was (VP sent (PP to (NP the Senate )NP )PP (PP after (S (VP passing (NP the House )NP (PP on (NP a *UNKN roll call )NP )PP )VP (NP yesterday )NP )S )PP )VP )VP . )S  STOP
(S And (PP after (NP (NP weeks )NP (PP of (NP delay )NP )PP )NP )PP , (NP the appropriations process )NP (VP is (VP beginning (S (VP to (VP take (NP some final shape )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Defense )NP and (NP foreign aid )NP )NP (VP are (NP (NP the two (ADJP most critical )ADJP areas )NP (VP remaining )VP )NP (PP from (NP (NP the administration 's )NP *UNK )NP )PP )VP . )S  STOP
(S And (PP among (NP domestic programs )NP )PP , (NP the (ADJP most serious )ADJP threat )NP (VP is (NP (NP White House opposition )NP (PP to (NP (NP abortion riders )NP (VP attached (PP to (NP (NP separate bills )NP (VP funding (NP (NP (NP the District )NP (PP of (NP Columbia )NP )PP )NP and (NP (NP Department )NP (PP of (NP (NP Health )NP and (NP Human Services )NP )NP )PP )NP )NP )VP )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(S (S (NP The same issue )NP (VP threatens (S (VP to (VP spill (PRT over )PRT (PP to (NP the foreign aid debate )NP )PP )VP )VP )S )VP )S , and (S (NP Mr. Bush )NP (ADVP also )ADVP (VP is (VP threatening (S (VP to (VP veto (NP (NP any agreement )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP (NP *UNKED provisions )NP (VP renewing (NP (NP U.S. support )NP (PP for (NP (NP the United Nations Fund )NP (PP for (NP *UNKC *UNKC )NP )PP )NP )PP )NP )VP )NP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S . )S  STOP
(S (PP In (NP a (ADJP sharply written )ADJP letter )NP )PP , (NP (NP Rep. David *UNKC )NP , (NP (NP chairman )NP (PP of (NP (NP the House appropriations subcommittee )NP (PP for (NP foreign operations )NP )PP )NP )PP )NP , )NP (VP warned (NP Mr. Bush )NP (SBAR that (S (NP (NP the result )NP (PP of (NP his `` *UNK '' )NP )PP )NP (VP could (VP weaken (NP efforts (S (VP to (VP accommodate (NP the administration )NP (ADVP elsewhere )ADVP )VP )VP )S )NP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (PP As (NP (NP a result )NP (PP of (NP your *UNK )NP )PP )NP )PP (PRN , '' (SINV (VP writes )VP (NP the Wisconsin Democrat )NP )SINV , )PRN `` (NP I )NP (VP guess (SBAR (S (NP there )NP (VP is (ADVP no longer )ADVP (NP (NP any point )NP (PP in (S (VP taking (NP administration views )NP (PP into (NP account )NP )PP (PP on (NP (NP other items )NP (PP in (NP conference )NP )PP )NP )PP )VP )S )PP )NP , (S (ADVP *UNK )ADVP (ADVP regardless (PP of (NP their resolution )NP )PP )ADVP (NP you )NP (ADVP apparently )ADVP (VP intend (S (VP to (VP veto (NP this bill )NP )VP )VP )S )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Markets )NP (ADVP usually )ADVP (VP get (S (VP noticed )VP )S (SBAR because (S (NP they )NP (VP soar or plunge )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Gold )NP , (SBAR (WHNP which )WHNP (S (VP has n't (VP risen or fallen (ADVP significantly )ADVP (PP in (NP quite some time )NP )PP )VP )VP )S )SBAR , )NP (NP yesterday )NP (VP achieved (SBAR (WHNP what )WHNP (S (VP may (VP be (NP (NP a new level )NP (PP of (NP *UNK )NP )PP )NP )VP )VP )S )SBAR : (S (NP The (ADJP most actively traded )ADJP futures contracts )NP (VP closed (ADJP unchanged )ADJP (PP despite (NP (NP nervous fluctuations )NP (PP in (NP both (NP (NP the dollar )NP and (NP the stock market )NP )NP )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP The settlement prices )NP (PP of (NP the December , February and April gold contracts )NP )PP )NP (VP were (ADJP even (PP with (NP (NP Monday 's )NP final prices )NP )PP )ADJP )VP . )S  STOP
(S (NP (NP The December 1989 contract )NP , (SBAR (WHNP which )WHNP (S (VP has (NP the greatest trading volume )NP )VP )S )SBAR , )NP (VP ended (PP at (NP (NP $ *UNKN )NP (NP an ounce )NP )NP )PP )VP . )S  STOP
(S (NP The other months )NP (VP posted (NP (NP advances )NP (PP of (NP (QP 10 cents to 20 cents )QP (NP an ounce )NP )NP )PP )NP )VP . )S  STOP
(S (PP According (PP to (NP (NP one analyst )NP , (NP (NP Bernard Savaiko )NP (PP of (NP (NP PaineWebber )NP , (NP New York )NP , )NP )PP )NP )NP )PP )PP (NP (NP (NP the stock market 's )NP ability )NP (PP on (NP Monday )NP )PP (S (VP to (VP rally (PP from (NP (NP (NP last Friday 's )NP decline )NP (PRN -- (SBAR (WHNP which )WHNP (S (VP seemed (S (VP to (VP indicate (SBAR that (S (NP the economy )NP (VP was n't (VP going (S (VP to (VP fall )VP )VP )S (ADVP either )ADVP )VP )VP )S )SBAR )VP )VP )S )VP )S )SBAR -- )PRN )NP )PP )VP )VP )S )NP (VP took (NP the *UNK )NP (ADVP (ADVP out (PP of (NP precious metals prices )NP )PP )ADVP , and (ADVP out (PP of (NP gold 's )NP )PP , (PP in (NP particular )NP )PP )ADVP )ADVP )VP . )S  STOP
(S (NP Yesterday )NP , (NP gold )NP (VP traded (PP within (NP a narrow range )NP )PP )VP . )S  STOP
(S (NP Gold )NP (VP (VP tried (S (VP to (VP rally )VP )VP )S (PP on (NP Monday )NP )PP )VP but (VP ran (PP into (NP (NP the same situation )NP (SBAR (WHNP that )WHNP (S (VP has (VP *UNKED (NP gold prices )NP )VP )VP (PP for (NP (QP more than a )QP year )NP )PP )S )SBAR : (S (VP selling (PP by (NP (NP gold producers )NP , (SBAR (WHNP who )WHNP (S (VP want (S (VP to (VP fix (NP (NP the highest possible price )NP (PP for (NP their gold )NP )PP )NP )VP )VP )S )VP )S )SBAR )NP )PP )VP )S )NP )PP )VP )VP . )S  STOP
(S `` (S (NP December delivery gold )NP (VP (VP is (VP trading (PP in (NP (NP a range )NP (PP of (NP (NP (QP $ *UNKN to $ *UNKN )QP )NP -LCB- (NP an ounce )NP -RCB- )NP )PP )NP )PP )VP )VP and (VP is (VP having (NP (NP difficulty )NP (S (VP breaking (PRT out )PRT (PP above (NP that )NP )PP )VP )S )NP )VP )VP )VP )S , '' (NP Mr. Savaiko )NP (VP said )VP . )S  STOP
(S `` (NP *UNKC )NP (PP at (NP the moment )NP )PP (VP regard (S (NP that area )NP (NP (NP a good one )NP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (VP to (VP sell (NP gold )NP )VP )VP )S )SBAR )NP )S )VP . '' )S  STOP
(S (ADVP Also )ADVP (PRN , (S (NP Mr. Savaiko )NP (VP noted )VP )S , )PRN (NP (NP stock market investors )NP (VP seeking (NP greater safety )NP )VP )NP (VP are (VP *UNKING (PP toward (S (VP buying (NP (NP bonds )NP (PP rather than (NP precious metals )NP )PP )NP )VP )S )PP (SBAR because `` (S (NP we )NP (VP are (VP *UNKING (PP (ADVP more )ADVP toward (NP (NP a *UNK economy )NP (SBAR (WHNP that )WHNP (S (VP does n't (VP make (S (NP (NP gold )NP and (NP precious metals )NP )NP (ADJP attractive )ADJP )S )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP (NP Jeffrey *UNKC )NP , (NP (NP president )NP (PP of (NP (NP *UNKC Canada )NP , (NP Toronto precious metals advisers )NP , )NP )PP )NP )NP (VP said (SBAR (S (NP there )NP (VP is (NP (NP little )NP (SBAR (S (VP to (VP *UNK (S (NP gold traders )NP (VP to (VP buy (NP the metal )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP (NP Investors )NP (PP in (NP (NP the U.S. )NP and (NP Europe )NP )NP )PP )NP (VP are (ADJP comfortable (PP with (NP (NP the actions )NP (PP of (NP (NP the -LCB- Federal Reserve -RCB- )NP (PP in (NP (NP its willingness (S (VP to (VP supply (NP liquidity )NP (PP to (NP financial system )NP )PP , (SBAR (WHNP which )WHNP (S (VP helped (S (NP the stock market )NP (VP rebound )VP )S (PP on (NP Monday )NP )PP )VP )S )SBAR )VP )VP )S )NP )NP )PP )NP )PP )NP )PP )ADJP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (S (NP There )NP (VP is n't (NP (NP any rush )NP (PP on (NP (NP the part )NP (PP of (NP (NP investors )NP (PP in (NP the West )NP )PP )NP )PP )NP )PP (S (VP to (VP buy (NP gold )NP )VP )VP )S )NP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S `` (S (NP They )NP (ADVP still )ADVP (VP bear (NP (NP the memory )NP (PP of (NP (NP October 1987 )NP , (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP (VP bought (NP gold )NP (SBAR after (S (NP the stock market )NP (VP *UNKED )VP )S )SBAR )VP and (VP ended (PRT up )PRT (S (VP losing (NP money )NP (SBAR because (S (NP gold prices )NP (ADVP subsequently )ADVP (VP fell )VP )S )SBAR )VP )S )VP )VP )S )SBAR )NP )PP )NP )VP )S , '' (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S `` (NP It )NP (VP 's (NP (NP an experience )NP (SBAR (S (NP they )NP (VP do n't (VP want (S (VP to (VP repeat )VP )VP )S )VP )VP )S )SBAR )NP )VP . '' )S  STOP
(S (S (PP At (NP the moment )NP )PP (NP gold traders )NP (VP are n't (VP concerned (PP about (NP inflation )NP )PP )VP )VP )S (PRN , (S (NP he )NP (VP said )VP )S , )PRN and (S (PP as (PP for (NP the dollar )NP )PP )PP , `` (S (NP (NP (NP gold 's )NP association )NP (PP with (NP the currency )NP )PP )NP (VP has (VP been (VP *UNKING (ADVP recently )ADVP )VP )VP )VP )S so (S (NP (NP drops )NP (PP in (NP the currency )NP )PP )NP (VP are n't (VP having (NP (NP much impact )NP (PP on (NP gold )NP )PP )NP )VP )VP )S )S . '' )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP chief *UNK trader )NP (PP for (NP Chase Manhattan Bank )NP )PP )NP , )NP (VP said : `` (S (NP There )NP (VP is (NP (NP little incentive )NP (PP on (NP (NP the part )NP (PP of (NP traders )NP )PP )NP )PP (SBAR (S (VP to (VP sell (NP gold )NP )VP )VP )S )SBAR )NP (SBAR because (S (S (NP the stock market )NP (VP may (VP go (ADVP lower )ADVP )VP )VP )S and (S (NP gold )NP (VP may (VP retain (NP (NP some )NP (PP of (NP its ` (NAC flight (PP to (NP safety )NP )PP )NAC ' quality )NP )PP )NP )VP )VP )S )S )SBAR )VP )S )VP . )S  STOP
(S (NP There )NP (VP is (NP (NP little incentive )NP (SBAR (S (VP to (VP buy (NP gold )NP )VP )VP )S )SBAR )NP (SBAR because (S (SBAR if (S (NP the stock market )NP (VP goes (ADVP higher )ADVP )VP )S )SBAR , (NP it )NP (VP may (VP be (NP just a false alarm )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP This )NP (VP is (VP keeping (S (NP the gold traders )NP (ADJP *UNKED )ADJP )S )VP )VP . '' )S  STOP
(S (S (NP (NP The (ADJP most remarkable )ADJP feature )NP (PP about (NP (NP yesterday 's )NP action )NP )PP )NP (VP was (SBAR that (S (NP (NP the price )NP (PP of (NP (NP (QP roughly $ *UNKN )QP )NP (NP an ounce )NP )NP )PP )NP (VP was (VP regarded (PP as (ADJP attractive enough (PP by (NP (NP gold producers )NP (PP around (NP the world )NP )PP )NP )PP (S (VP to (VP (ADVP aggressively )ADVP sell (NP gold )NP )VP )VP )S )ADJP )PP )VP )VP )S )SBAR )VP )S , (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S `` (S (S (NP I )NP (VP do n't (VP know (SBAR (WHNP what )WHNP (S (NP it )NP (VP means (PP over (NP the long run )NP )PP )VP )S )SBAR )VP )VP )S , but (S (PP for (NP the short term )NP )PP , (NP it )NP (VP appears (SBAR that (S (NP gold producers )NP (VP are (ADJP *UNK (PP for (NP (NP the (QP $ 10 )QP (QP or so )QP )NP (SBAR (WHNP that )WHNP (S (NP gold )NP (VP has (VP risen (PP over (NP the past week or so )NP )PP )VP )VP )S )SBAR )NP )PP )ADJP )VP )S )SBAR )VP )S )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (ADVP Previously )ADVP (PRN , (S (NP he )NP (VP noted )VP )S , )PRN (NP gold producers )NP (VP *UNKED (S (VP to (VP back (PRT off )PRT (PP from (NP a rising gold market )NP )PP , (S (VP letting (S (NP prices )NP (VP rise (NP (NP as much )NP (PP as (ADJP possible )ADJP )PP )NP )VP )S (PP before (S (VP selling )VP )S )PP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP observed (SBAR that (S (NP (NP the U.S. merchandise trade deficit )NP , (SBAR (WHNP which )WHNP (S (VP rose (ADVP sharply )ADVP (PP in (NP August )NP )PP )VP )S )SBAR )NP , (PP according (PP to (NP (NP yesterday 's )NP report )NP )PP )PP , (VP has (VP been (VP having (NP (NP (ADJP less and less )ADJP impact )NP (PP on (NP the gold market )NP )PP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (S (NP The dollar )NP (VP has n't (VP reacted (ADVP much )ADVP (PP to (NP it )NP )PP )VP )VP )S , (ADVP so )ADVP (S (NP gold )NP (VP has n't (VP (ADVP either )ADVP )VP )VP )S )S , '' (NP he )NP (VP said )VP . )S  STOP
(UCP (PP In (NP other commodity markets )NP )PP (NP yesterday )NP : )UCP  STOP
(NP *UNKC : )NP  STOP
(S (NP *UNKC oil prices )NP (VP rose (ADVP slightly )ADVP (PP in (NP lackluster activity )NP )PP (SBAR as (S (NP (NP traders )NP (PP in (NP the *UNK )NP )PP )NP (VP tried (S (VP to (VP assess (NP (NP action )NP (PP in (NP the stock market )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (SBAR Since (S (NP stock market indexes )NP (VP plummeted (NP last Friday )NP )VP )S )SBAR , (NP (NP participants )NP (PP in (NP all markets )NP )PP )NP (VP have (VP been (ADJP wary )ADJP )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP traders )NP (VP become (ADJP confident (SBAR that (S (NP the stock market )NP (VP has (VP stabilized )VP )VP )S )SBAR )ADJP )VP )S )SBAR , (NP oil prices )NP (VP are (VP expected (S (VP to (VP rise )VP )VP )S (SBAR as (S (NP supply and demand fundamentals )NP (ADVP once again )ADVP (VP become (NP the major consideration )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Crude oil )NP (PP for (NP November delivery )NP )PP )NP (VP edged (PRT up )PRT (PP by (NP (NP 16 cents )NP (NP a barrel )NP )NP )PP (PP to (NP (NP $ *UNKN )NP (NP a barrel )NP )NP )PP )VP . )S  STOP
(S (NP *UNKING oil prices )NP (ADVP also )ADVP (VP rose )VP . )S  STOP
(S (NP November gasoline )NP (VP slipped (ADVP slightly )ADVP )VP . )S  STOP
(NP *UNKC : )NP  STOP
(S (NP Futures prices )NP (VP rose (PP on (NP a report (SBAR that (S (NP Cuba )NP (VP may (VP seek (S (VP to (VP postpone (NP some sugar shipments )NP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The March contract )NP (VP advanced (NP (NP *UNKN cent )NP (NP a pound )NP )NP (PP to (NP *UNKN cents )NP )PP )VP . )S  STOP
(S (PP According (PP to (NP an analyst )NP )PP )PP , (NP Cuba )NP (VP (VP ca n't (VP meet (NP all its *UNK commitments )NP )VP )VP and (VP has (VP asked (NP Japan )NP (S (VP to (VP accept (NP (NP a delay )NP (PP of (NP (NP shipments )NP (VP scheduled (PP for (NP later this year )NP )PP )VP )NP )PP , (PP into (NP early next year )NP )PP )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S `` (S (NP Japan )NP (VP is (VP perceived (PP as (NP (NP a wealthy nation )NP (SBAR (WHNP that )WHNP (S (VP can (VP (VP turn (ADVP elsewhere (PP in (NP the world market )NP )PP )ADVP )VP and (VP buy (NP the sugar )NP )VP )VP )VP )S )SBAR )NP )PP )VP )VP )S , '' (NP the analyst )NP (VP said )VP . )S  STOP
(S (S (NP It )NP (VP was (NP (NP (NP the possibility )NP (PP of (NP this demand )NP )PP )NP (SBAR (WHNP that )WHNP (S (VP helped (VP firm (NP prices )NP )VP )VP )S )SBAR )NP )VP )S , (NP the analyst )NP (VP said )VP . )S  STOP
(S (NP Another analyst )NP (VP noted (SBAR that (S (NP Cuba )NP (VP has (VP been (VP *UNKING (NP shipments )NP (PP in (NP recent years )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (PP To (NP (NP the professionals )NP (PP in (NP the trade )NP )PP )NP )PP (NP it )NP (VP did n't (VP cause (NP much surprise )NP )VP )VP . )S  STOP
(S (S (NP The March futures contract )NP (VP (VP traded (ADVP as high (PP as (NP *UNKN cents )NP )PP )ADVP )VP , but (VP could n't (VP sustain (NP the advance )NP )VP )VP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(NP *UNKC AND *UNKC : )NP  STOP
(S (NP (NP The prices )NP (PP of (NP cattle , *UNK and pork *UNKLY futures contracts )NP )PP )NP (VP rebounded (SBAR as (S (NP *UNK traders )NP (VP shook (PRT off )PRT (NP fears (SBAR that (S (NP the Friday stock market plunge )NP (VP would (VP *UNK (NP (NP consumer spending )NP , (SBAR (WHNP which )WHNP (S (PP in (NP turn )NP )PP (VP would (VP hurt (NP (NP retail sales )NP (PP of (NP beef and pork )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The prices )NP (PP of (NP most *UNK futures contracts )NP )PP )NP (VP had (VP dropped (ADVP sharply )ADVP (NP Monday )NP )VP )VP . )S  STOP
(S (NP *UNKC futures prices )NP (VP were (ADVP also )ADVP (VP supported (NP yesterday )NP (PP by (NP signs (SBAR that (S (NP supermarket chains )NP (VP are (VP making (NP plans (S (VP to (VP increase (NP (NP their promotions )NP (VP concerning (NP beef )NP )VP )NP )VP )VP )S )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(NP *UNKC AND *UNKC : )NP  STOP
(S (NP (NP The prices )NP (PP of (NP most soybean and *UNK- futures contracts )NP )PP )NP (VP rose (PP amid (NP rumors (SBAR that (S (NP the Soviet Union )NP (VP is (VP interested (PP in (S (VP buying (PP from (NP (NP the U.S. )NP or (NP South America )NP )NP )PP (NP (NP (NP (QP about 250,000 )QP metric tons )NP (PP of (NP *UNK )NP )PP )NP and (NP (NP (QP as many as 400,000 )QP metric tons )NP (PP of (NP soybean *UNK )NP )PP )NP )NP )VP )S )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Traders )NP (VP are (ADJP especially sensitive (PP to (NP (NP reports )NP (PP of (NP possible U.S. soybean sales )NP )PP )NP )PP )ADJP (SBAR because (S (NP U.S. exports )NP (VP are (VP lagging )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Since (NP Sept. 1 )NP )PP , (NP (NP (ADJP (QP about 13 million )QP fewer )ADJP *UNK )NP (PP of (NP U.S. *UNK )NP )PP )NP (VP have (VP been (VP sold (ADVP overseas )ADVP (PP than (PP for (NP (NP the same period )NP (NP last year )NP )NP )PP )PP )VP )VP )VP . )S  STOP
(S (NP *UNKC futures prices )NP (VP rose (ADVP slightly )ADVP (SBAR while (S (NP wheat prices )NP (VP settled (ADJP mixed )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Moody 's )NP Investors Service Inc. )NP , (S (VP *UNKING (PP about (NP (NP increasing competitive pressure )NP (PP on (NP Ryder )NP )PP )NP )PP )VP )S , (VP placed (NP (NP (QP about $ 2.8 billion )QP )NP (PP in (NP company securities )NP )PP )NP (PP under (NP (NP review )NP (PP for (NP possible downgrade )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP under (NP review )NP )PP )NP (VP are (NP (NP (NP Ryder 's )NP *UNKC collateral trust debentures )NP , (NP *UNKC senior notes and bonds )NP , (NP *UNKC preferred stock )NP and (NP (NP (NP the company 's )NP *UNKC rating )NP (PP for (NP commercial paper )NP )PP )NP )NP )VP . )S  STOP
(S (NP (NP Moody 's )NP )NP (VP said (SBAR (S (NP it )NP (VP is (VP assessing (NP (NP the strategies )NP (SBAR (S (NP (NP Ryder 's )NP management )NP (VP may (VP follow (PP in (S (VP addressing (NP (NP significant challenges )NP (PP in (NP some major markets )NP )PP )NP )VP )S )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The rating agency )NP (VP said (SBAR (S (NP it )NP (VP is (VP focusing (ADVP especially )ADVP (PP on (NP (NP the transportation service company 's )NP efforts (S (VP to (VP (VP control (NP costs )NP )VP , (VP improve (NP margins )NP )VP and (VP enhance (NP (NP its competitive position )NP (PP in (NP (NP its primary business )NP , (NP vehicle leasing and rental )NP )NP )PP )NP )VP )VP )VP )S )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP The nations )NP (PP of (NP southern Africa )NP )PP )NP (VP know (NP (NP a lot )NP (PP about (S (VP managing (NP *UNK )NP )VP )S )PP )NP )VP )S ; (S (NP their *UNK )NP (VP are (VP thriving )VP )VP )S . )S  STOP
(S But (NP (NP the nations )NP (PP of (NP (NP Europe )NP and (NP North America )NP )NP )PP )NP (VP have (VP decided (SBAR (S (NP they )NP (VP know (ADVP better )ADVP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP At (NP (NP (NP this week 's )NP U.N. conference )NP (PP in (NP *UNKC )NP )PP )NP )PP , (NP they )NP (VP imposed (NP (NP a global *UNK ban )NP (SBAR (WHNP that )WHNP (S (VP seeks (S (VP to (VP *UNK (NP local policies )NP )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (NP A *UNKC *UNK )NP (VP argued (SBAR that (S (NP the ban )NP (VP would `` (VP guarantee (NP (NP the *UNK )NP (PP of (NP the *UNK )NP )PP )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP *UNKC *UNK )NP , (SBAR (WHNP who )WHNP (S (VP have (NP (NP an interest )NP (PP in (S (VP preserving (NP the *UNK )NP )VP )S )PP )NP )VP )S )SBAR , )NP (VP would (VP go (ADVP out (PP of (NP business )NP )PP )ADVP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP would (VP control (NP the underground trade )NP )VP )VP . )S  STOP
(S (S (NP Many *UNK )NP (VP were (ADJP willing (S (VP to (VP *UNK (NP a compromise )NP )VP )VP )S )ADJP )VP )S , but (S (NP (NP U.S. *UNK *UNKC *UNKC )NP and (NP others )NP )NP (VP *UNKED (NP that )NP (ADVP down )ADVP )VP )S . )S  STOP
(S (NP (NP The *UNKC )NP (PP from (NP the First World )NP )PP )NP (VP wanted (NP (NP a *UNK play )NP , not (NP a negotiation )NP )NP )VP . )S  STOP
(S (ADVP Fortunately )ADVP , (NP (NP the nations )NP (PP of (NP southern Africa )NP )PP )NP (VP have n't (VP (ADVP totally )ADVP *UNKED (NP their sovereignty )NP )VP )VP . )S  STOP
(S (NP Five countries )NP (VP announced (SBAR (S (NP they )NP (VP would not (VP honor (SBAR (WHNP what )WHNP (S (NP one *UNKC delegate )NP (ADVP *UNKLY )ADVP (VP called (S (NP the `` (VP made (PP in (NP Switzerland )NP )PP )VP '' solution )NP )S )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP fact )NP )PP , (NP they )NP (VP seemed (ADJP (NP a *UNK )NP *UNK )ADJP )VP . )S  STOP
(S (NP (NP The director )NP (PP of (NP (NP *UNKC 's )NP *UNKC Department )NP )PP )NP (VP described (NP American *UNK )NP (PP as `` (NP (NP fat little *UNK )NP (PP from (NP urban *UNK )NP )PP (SBAR (WHNP who )WHNP (S (VP do n't (VP know (NP (NP a thing )NP (PP about (NP Africa )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP . '' )S  STOP
(S (S (NP That )NP (VP 's not (ADJP fair )ADJP )VP )S ; (S (NP they )NP (VP 're not (ADVP all )ADVP (ADJP fat )ADJP )VP )S . )S  STOP
(S (NP *UNKC *UNKC )NP (VP generates (NP (NP *UNK )NP (PP for (NP aid )NP )PP (PP from (NP South Carolina small businesses )NP )PP )NP )VP . )S  STOP
(S (NP The Small Business Administration )NP (VP has (VP received (NP (NP (QP more than 5,000 )QP formal requests )NP (PP for (NP disaster loans )NP )PP )NP (PP because of (NP the hurricane )NP )PP )VP )VP . )S  STOP
(S (NP (NP (QP About 45 )QP % )NP (PP of (NP (NP requests )NP (PP for (NP (NP *UNKC relief loans )NP , (SBAR (WHNP which )WHNP (S (ADVP also )ADVP (VP are (ADJP available (PP to (NP homeowners )NP )PP )ADJP )VP )S )SBAR , )NP )PP )NP )PP )NP (VP come (PP from (NP small businesses )NP )PP , (PP compared (PP with (NP (NP a (ADJP 25 % )ADJP business share )NP (PP after (NP most disasters )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP The *UNKC )NP (VP expects (S (VP to (VP make (NP (NP (QP about $ 1 billion )QP )NP (PP in (NP Hurricane Hugo loans )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP The disaster fund )NP (VP is (VP *UNKED (PP by (NP loan *UNK )NP )PP )VP )VP . )S  STOP
(SINV (VP (ADVP *UNKC )ADVP (VP hit (PP by (NP Hugo )NP )PP (PP in (NP South Carolina )NP )PP )VP )VP (VP were )VP (NP (NP (NP small retailers )NP (VP tied (PP to (NP the tourist industry )NP )PP )VP )NP and (NP (NP businesses )NP (PP in (NP (NP agriculture )NP and (NP *UNKED *UNK )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP The State Development Board )NP (VP set (PRT up )PRT (NP a Hugo *UNKC )NP (S (VP to (VP accept (NP *UNK- help )NP )VP )VP )S )VP . )S  STOP
(S (SBAR After (S (NP NBC weather man *UNKC Scott )NP (VP broadcast (NP the *UNK- number )NP )VP )S )SBAR , (NP it )NP (VP was (VP *UNKED (PP with (NP 10,000 calls )NP )PP )VP )VP . )S  STOP
(S (NP Last week )NP , (NP (NP the U.S. Chamber )NP (PP of (NP Commerce )NP )PP )NP (VP began (S (VP using (NP its national TV show )NP (S (VP to (VP seek (NP (NP help )NP , (PP such as (NP equipment )NP )PP , (PP for (NP business owners )NP )PP )NP )VP )VP )S )VP )S )VP . )S  STOP
(S (NP Local bankers and accountants )NP (VP help (S (NP applicants )NP (VP fill (PRT out )PRT (NP forms )NP )VP )S )VP . )S  STOP
(S `` (S (S (NP It )NP (VP helps (NP us )NP )VP )S , and (S (NP people )NP (VP feel (ADVP better )ADVP (S (VP talking (PP to (NP (NP someone )NP (SBAR (WHNP who )WHNP (S (VP 's (VP gone (PP through (NP the same thing )NP )PP )VP )VP )S )SBAR )NP )PP )VP )S )VP )S )S , '' (NP an *UNKC official )NP (VP says )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP remain (NP a central lobbying effort )NP , (SBAR (ADVP even )ADVP as (S (NP Section 89 )NP (VP *UNK )VP )S )SBAR )VP . )S  STOP
(S (NP The Senate )NP , (PP after (S (VP *UNKING (NP Section 89 repeal )NP (PP from (NP its deficit-reduction bill )NP )PP )VP )S )PP , (ADVP still )ADVP (VP is (VP expected (S (VP to (VP join (NP the House )NP (PP in (S (VP voting (S (VP to (VP kill (NP (NP the law )NP , (SBAR (WHNP which )WHNP (S (VP forces (S (NP companies )NP (VP to (VP provide (NP comparable benefits )NP (PP to (NP (NP *UNK and executives )NP (ADVP alike )ADVP )NP )PP )VP )VP )S )VP )S )SBAR )NP )VP )VP )S )VP )S )PP )VP )VP )S )VP )VP . )S  STOP
(S (PP In (S (VP lobbying (PP on (NP other *UNK- *UNK )NP )PP )VP )S )PP , (NP (NP the National Federation )NP (PP of (NP Independent Business )NP )PP )NP (VP will (VP press (PP for (NP (NP legislation )NP (SBAR (WHNP that )WHNP (S (VP would (VP give (NP *UNKED people )NP (NP (NP (NP a 100 % tax deduction )NP (PP for (NP their own health plans )NP )PP )NP , (ADVP up (PP from (NP 25 % )NP (ADVP currently )ADVP )PP )ADVP )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S And (NP the group )NP (VP will (VP urge (SBAR that (S (NP the federal government )NP (VP *UNK- (NP (NP state rules )NP (PP on (SBAR (WHNP what )WHNP (S (VP must (VP be (VP covered (PP by (NP (NP employers ' )NP health insurance )NP )PP )VP )VP )VP )S )SBAR )PP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP *UNKC groups )NP (ADVP also )ADVP (VP will (VP fight (NP (NP the *UNK- provision )NP (PP of (NP legislation )NP )PP (SBAR (WHNP that )WHNP (S (VP would (VP expand (NP *UNK leaves )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S And (NP they )NP (ADVP still )ADVP (VP oppose (PP as (ADJP too costly )ADJP )PP (NP (NP an *UNK- health insurance bill )NP (VP sponsored (PP by (NP (NP Sen. Edward Kennedy )NP (PRN -LRB- (NP (NP D. )NP , (NP Mass . )NP )NP -RRB- )PRN )NP )PP )VP )NP (PP despite (NP his proposal (S (VP to (VP phase (PRT in )PRT (NP small business )NP (ADVP only gradually )ADVP )VP )VP )S )NP )PP )VP . )S  STOP
(S (NP There )NP (VP is (ADVP also )ADVP (NP worry (SBAR that (S (NP (NP the *UNKC Commission )NP (VP studying (NP long-term health care )NP )VP )NP (VP will (ADVP again )ADVP (VP push (NP lawmakers )NP (PP toward (NP *UNK solutions )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The Section 89 victory )NP (VP could (VP have (NP a *UNK )NP (PP by (S (VP making (S (NP (NP it )NP )NP (ADJP harder )ADJP (S (VP to (VP oppose (NP lawmakers )NP (PP on (NP other health proposals )NP )PP )VP )VP )S )S )VP )S )PP )VP )VP . )S  STOP
(SINV `` (S (PP With (NP (NP the repeal )NP (PP of (NP Section 89 )NP )PP )NP )PP , (NP we )NP (VP can (ADVP no longer )ADVP (VP say (SBAR (S (NP they )NP (VP 're (VP discouraging (NP businesses )NP (PP from (S (VP offering (NP health plans )NP )VP )S )PP )VP )VP )S )SBAR )VP )VP )S , '' (VP says )VP (NP (NP *UNKC Russell )NP , (NP (NP (NP the Chamber )NP (PP of (NP Commerce )NP )PP 's )NP small-business advocate )NP )NP . )SINV  STOP
(S (VP *UNKC (NP THE *UNKC )NP )VP : )S  STOP
(S (NP (NP Sen. Lloyd *UNKC )NP (PRN -LRB- (NP (NP D. )NP , (NP Texas )NP )NP -RRB- )PRN )NP (VP was (ADJP *UNKED )ADJP (SBAR after (S (NP (NP a private word )NP (PP to (NP (NP John *UNKC )NP , (NP (NP lobbyist )NP (PP for (NP (NP the National Federation )NP (PP of (NP Independent Business )NP )PP )NP )PP )NP )NP )PP )NP , (VP resulted (PP in (NP (NP a news release )NP (VP saying (SBAR that (S (NP the Senate Finance Committee chairman )NP (VP would (VP recommend (NP (NP repeal )NP (PP of (NP Section 89 )NP )PP )NP )VP )VP )S )SBAR )VP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (SBAR (ADVP Even )ADVP though (S (NP the announcement )NP (VP was (ADJP true )ADJP (PP in (NP the end )NP )PP )VP )S )SBAR , (NP it )NP (VP was (VP issued (PP without (NP (NP the senator 's )NP permission )NP )PP )VP )VP . )S  STOP
(S `` (S (NP I )NP (VP *UNK (NP it )NP )VP )S , '' (NP Mr. *UNKC )NP (VP says (ADVP *UNKLY )ADVP )VP . )S  STOP
(S `` (NP It )NP (VP was (NP a timing mistake )NP )VP . '' )S  STOP
(NP *UNKC *UNKC : )NP  STOP
(S (NP (NP Sen. *UNKC Thurmond )NP (PRN -LRB- (NP (NP R. )NP , (NP S.C . )NP )NP -RRB- )PRN )NP (VP protests (NP pending legislation (S (VP to (VP end (NP (NP the preference )NP (SBAR (WHNP that )WHNP (S (NP the federal prison system )NP (VP gets (PP in (S (VP selling (NP (NP *UNK- furniture )NP and (NP other goods )NP )NP (PP to (NP government agencies )NP )PP )VP )S )PP )VP )S )SBAR )NP )VP )VP )S )NP )VP . )S  STOP
(S (NP *UNKC suppliers )NP (VP want (S (NP *UNK )NP (VP to (VP stop (S (VP getting (NP high priority )NP )VP )S )VP )VP )S , (SBAR (ADVP especially )ADVP as (S (NP prison production )NP (VP grows (PP with (NP *UNKING *UNK *UNK )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Last year )NP , (NP (NP (NP the *UNK ' )NP sales )NP (PP to (NP the Pentagon )NP )PP )NP (VP totaled (NP (QP $ *UNKN million )QP )NP )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP *UNKC (PP for (NP (NP more access )NP (PP to (NP (NP work )NP (PP on (NP *UNK- systems )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP (VP representing (NP some independent *UNK- shops )NP )VP )NP (VP join (NP (NP (NP a compromise )NP (PP on (NP the Clean Air legislation )NP )PP )NP (VP worked (PRT out )PRT (PP between (NP (NP environmentalists )NP and (NP (NP Rep. Henry Waxman )NP (PRN -LRB- (NP (NP D. )NP , (NP Calif . )NP )NP -RRB- )PRN )NP )NP )PP )VP )NP )VP . )S  STOP
(S (NP The plan )NP (VP would (VP increase (NP (NP the *UNK )NP (PP on (NP *UNK- systems )NP )PP )NP (PP to (NP (NP eight years )NP or (NP 80,000 miles )NP )NP )PP (PP from (NP (NP five years )NP or (NP 50,000 )NP )NP )PP (PP for (NP major parts )NP )PP )VP )VP . )S  STOP
(S But (NP (NP the *UNK )NP (PP on (NP *UNK parts )NP )PP )NP (VP would (VP be (VP lowered (PP to (NP (NP two years )NP or (NP *UNKN miles )NP )NP )PP )VP )VP )VP . )S  STOP
(S (NP The *UNK owners )NP (VP say (SBAR (S (NP they )NP (VP would (VP benefit (SBAR because (S (NP car owners )NP (VP would (VP be (ADJP less likely (S (VP to (VP go (ADVP back (PP to (NP dealers )NP )PP )ADVP (PP for (NP the *UNK repairs )NP )PP (PP after (NP two years )NP )PP )VP )VP )S )ADJP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The repair shops )NP (VP are n't (VP *UNKED , (ADVP however )ADVP )VP )VP . )S  STOP
(S (NP (NP Shops )NP (VP represented (PP by (NP (NP the Automotive Service Industry Association )NP and (NP the Motor Equipment Manufacturers Association )NP )NP )PP )VP )NP (VP oppose (NP (NP any increase )NP (PP in (NP *UNK length )NP )PP )NP )VP . )S  STOP
(S (NP They )NP (VP say (SBAR (S (FRAG (X the longer )X (NP the *UNK )NP )FRAG , (X the longer )X (NP customers )NP (VP will (VP (ADVP automatically )ADVP return (PP to (NP (NP *UNK- dealers )NP , (SBAR (WHNP which )WHNP (S (ADVP then )ADVP (VP find (NP (NP *UNK- work )NP (SBAR (WHNP that )WHNP (S (VP might (ADVP otherwise )ADVP (VP go (PP to (NP repair shops )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The House Energy Committee )NP (VP will (VP debate (NP the issue )NP (NP later this month )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP an Atlanta *UNK owner )NP (SBAR (WHNP who )WHNP (S (VP opposes (NP a longer warranty )NP )VP )S )SBAR )NP , )NP (VP estimates (SBAR that (S (NP the current plan )NP (VP costs (NP him )NP (NP (NP (QP as much as $ 15,000 )QP )NP (NP a year )NP (PP in (NP lost business )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(NP *UNKC *UNKC : )NP  STOP
(SINV (S (NP (NP (QP Some 70 )QP % )NP (PP of (NP (NP *UNK )NP (SBAR (WHNP who )WHNP (S (ADVP recently )ADVP (VP earned (NP an *UNKC degree )NP )VP )S )SBAR )NP )PP )NP (VP say (SBAR (S (NP they )NP (VP 'd (VP prefer (S (VP to (VP (VP work (PP in )PP )VP or (VP own )VP (NP a small company )NP )VP )VP )S )VP )VP )S )SBAR )VP )S , yet (S (NP most )NP (VP take (NP (NP jobs )NP (PP with (NP large concerns )NP )PP )NP )VP )S , (VP says )VP (NP (NP a survey )NP (PP by (NP (NP the Foster *UNKC Group )NP , (NP a New York recruiting firm )NP )NP )PP )NP ... . )SINV  STOP
(S (NP (NP *UNKC Scientific Inc. )NP (PP of (NP (NP *UNKC )NP , (NP Md. )NP , )NP )PP )NP (VP seeks (NP (NP a Small Business *UNKC Research grant )NP (SBAR (S (VP to (VP produce (NP a `` *UNK assembly )NP (PP for (NP an Army mass *UNKING *UNK )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Banc One Corp. )NP (VP said (SBAR (S (NP Frank E. *UNKC )NP (VP plans (S (VP to (VP retire (PP as (NP (NP the bank holding company 's )NP president )NP )PP (PP effective (NP Jan. 12 )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Banc One )NP (VP said (SBAR `` (S (NP (NP it )NP )NP (VP is (VP *UNKED '' (SBAR that (S (NP (NP John B. *UNKC )NP , (NP (NP chairman )NP and (NP chief executive officer )NP )NP , )NP (VP will (VP assume (NP (NP the additional position )NP (PP of (NP president )NP )PP )NP (PP upon (NP (NP Mr. *UNKC 's )NP retirement )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (ADJP (NP 50 years )NP old )ADJP , )NP (VP was (NP (NP (NP chairman )NP )NP and (NP (NP chief executive )NP )NP (PP of (NP (NP American Fletcher Corp. )NP , (NP Indianapolis )NP )NP )PP )NP , (SBAR (WHADVP when )WHADVP (S (NP that bank holding company )NP (VP merged (PP into (NP Banc One )NP )PP (PP in (NP January 1987 )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP Mr. *UNKC )NP (VP plans (S (VP to (VP retire (SBAR because (S (NP (NP the process )NP (PP of (S (VP *UNKING (NP American Fletcher )NP (PP into (NP Banc One )NP )PP )VP )S )PP )NP `` (VP is (VP considered (S (ADJP completed )ADJP )S )VP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP . '' )S  STOP
(S (NP Mr. *UNKC )NP (VP (VP will (VP continue (PP as (NP (NP (NP chairman )NP (PP of (NP the board )NP )PP )NP and (NP (NP chairman )NP (PP of (NP (NP the executive committee )NP (PP of (NP (NP Banc One Indiana Corp. )NP , (NP (NP the successor company )NP (PP to (NP American Fletcher Corp. )NP )PP )NP )NP )PP )NP )PP )NP )NP )PP )VP )VP , but (VP will (ADVP no longer )ADVP (VP be (ADJP active )ADJP (PP in (NP day-to-day management )NP )PP )VP )VP )VP . )S  STOP
(S (NP He )NP (VP will (VP remain (PP on (NP the Banc One board )NP )PP )VP )VP . )S  STOP
(S (NP The Treasury )NP (VP plans (S (VP to (VP raise (NP (NP (QP $ *UNKN billion )QP )NP (PP in (NP new cash )NP )PP )NP (PP with (NP (NP the sale )NP (NP Monday )NP (PP of (NP (NP (QP about $ 15.6 billion )QP )NP (PP in (NP short-term bills )NP )PP )NP )PP (SBAR (S (VP to (VP redeem (NP (NP (QP $ *UNKN billion )QP )NP (PP in (NP maturing bills )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The offering )NP (VP will (VP be (VP divided (ADVP *UNKLY )ADVP (PP between (NP (NP *UNK- and *UNK- bills )NP (VP maturing (PP on (NP (NP Jan. 25 , 1990 )NP , and (NP April 26 , 1990 )NP , (ADVP respectively )ADVP )NP )PP )VP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP for (NP (NP the bills )NP , (ADJP available (PP in (NP minimum (ADJP $ 10,000 )ADJP denominations )NP )PP )ADJP )NP )PP )NP , (VP must (VP be (VP received (PP by (NP 1 p.m. EDT Monday )NP )PP (PP (PP at (NP the Treasury )NP )PP or (PP at (NP Federal Reserve banks or branches )NP )PP )PP )VP )VP )VP . )S  STOP
(S (NP (NP Moody 's )NP Investors Service Inc. )NP (VP said (SBAR (S (NP it )NP (VP lowered (NP (NP ratings )NP (PP on (NP (NP (QP about $ 650 million )QP )NP (PP of (NP Beatrice Co. debt )NP )PP )NP )PP )NP )VP )S )SBAR , (S (VP citing (NP (NP the (ADJP closely held )ADJP Chicago food concern 's )NP proposed recapitalization )NP )VP )S )VP . )S  STOP
(S (NP The ratings concern )NP (VP said (SBAR (S (NP it )NP (VP (VP downgraded (NP (NP Beatrice notes )NP , (NP *UNKC )NP and (NP certain industrial revenue bonds )NP )NP (PP to (NP *UNK- )NP )PP (PP from (NP *UNKC )NP )PP )VP and (VP (NP (NP the company 's )NP subordinated debentures )NP (PP to (NP *UNK- )NP )PP (PP from (NP *UNK- )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Moody 's )NP )NP (VP said (SBAR (SBAR (S (NP the proposed *UNK )NP (VP may `` (VP limit (NP (NP the company 's )NP ability (S (VP to (VP realize (NP its profit potential )NP )VP )VP )S )NP )VP )VP )S )SBAR '' and (SBAR that (S (S (VP paying (NP dividends )NP (PP from (NP (NP a new series )NP (PP of (NP preferred )NP )PP )NP )PP )VP )S (VP could (VP squeeze `` (NP basic business operations )NP )VP )VP )S )SBAR )SBAR )VP . '' )S  STOP
(S (NP A Beatrice spokesman )NP (VP did n't (VP return (NP (NP calls )NP (SBAR (S (VP seeking (NP comment )NP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP Beatrice )NP , (SBAR (WHNP which )WHNP (S (VP went (ADJP private )ADJP (PP in (NP an (ADJP (QP $ 8.2 billion )QP )ADJP leveraged buy-out )NP )PP (PP in (NP 1986 )NP )PP )VP )S )SBAR , )NP (VP said (NP last month )NP (SBAR that (S (NP it )NP (VP might (VP borrow (ADVP again )ADVP (S (VP to (VP help (VP pay (NP investors )NP (NP (NP (QP as much as $ *UNKN million )QP )NP (PP in (NP (NP preferred stock )NP and (NP debt securities )NP )NP )PP )NP )VP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP the Soviets )NP (VP announced (SBAR (S (NP their last *UNK )NP (VP had (VP left (NP Afghanistan )NP (PP in (NP February )NP )PP )VP )VP )S )SBAR )VP )S )SBAR , (NP (NP the voices )NP (PP of (NP skepticism )NP )PP )NP (VP were (VP (ADVP all but )ADVP *UNKED (PRT out )PRT (PP by (NP (NP an international chorus )NP (PP of (NP *UNK )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP It )NP (VP was `` (NP (NP the Soviets ' )NP Vietnam )NP )VP . '' )S  STOP
(S (NP The Kabul regime )NP (VP would (VP fall )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP refugees )NP )PP )NP (VP would (VP rush (ADVP home )ADVP )VP )VP . )S  STOP
(S (NP A resistance government )NP (VP would (VP walk (PP into (NP Kabul )NP )PP )VP )VP . )S  STOP
(S (NP (NP Those )NP (SBAR (WHNP who )WHNP (S (VP bought (NP that *UNK )NP )VP )S )SBAR )NP (VP are (ADVP now )ADVP (ADJP *UNKED )ADJP )VP . )S  STOP
(S (SBAR (NP Eight months )NP after (S (NP Gen. *UNKC *UNKC )NP (VP walked (PP across (NP the bridge )NP )PP (PP into (NP the U.S.S.R. )NP )PP )VP )S )SBAR , (S (NP a *UNKED regime )NP (VP remains (PP in (NP Kabul )NP )PP )VP )S , (S (NP the refugees )NP (VP sit (PP in (NP their camps )NP )PP )VP )S , and (S (NP (NP the restoration )NP (PP of (NP *UNKC freedom )NP )PP )NP (VP seems (ADVP as far off (PP as (ADVP ever )ADVP )PP )ADVP )VP )S . )S  STOP
(S But (NP there )NP (ADVP never )ADVP (VP was (NP a chance (SBAR that (S (NP the *UNKC resistance )NP (VP would (VP *UNK (NP the Kabul regime )NP (ADVP quickly and easily )ADVP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Soviet leaders )NP (VP (VP said (SBAR (S (NP they )NP (VP would (VP support (NP their Kabul clients )NP (PP by (NP (NP all means )NP (ADJP necessary )ADJP )NP )PP )VP )VP )S )SBAR )VP -- and (VP did )VP )VP . )S  STOP
(S (NP The U.S. )NP (VP (VP said (SBAR (S (NP it )NP (VP would (VP (ADVP fully )ADVP support (NP the resistance )NP )VP )VP )S )SBAR )VP -- and (VP did n't )VP )VP . )S  STOP
(S (PP With (S (NP the (NAC February 1987 )NAC U.N. *UNK )NP `` (VP relating (PP to (NP Afghanistan )NP )PP )VP )S )PP , '' (NP the Soviet Union )NP (VP got (NP (NP everything )NP (SBAR (S (NP it )NP (VP needed (S (VP to (VP consolidate (NP permanent control )NP )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP The terms )NP (PP of (NP the Geneva *UNK )NP )PP )NP (VP leave (S (NP Moscow )NP (ADJP free (S (VP to (VP provide (NP (NP its clients )NP (PP in (NP Kabul )NP )PP )NP (PP with (NP (NP (NP assistance )NP (PP of (NP any kind )NP )PP )NP -- (PP including (NP (NP the return )NP (PP of (NP Soviet ground forces )NP )PP )NP )PP -- )NP )PP )VP )VP )S )ADJP )S (SBAR while (S (VP requiring (NP (NP the U.S. )NP and (NP Pakistan )NP )NP (S (VP to (VP cut (PRT off )PRT (NP aid )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The only fly )NP (PP in (NP the Soviet *UNK )NP )PP )NP (VP was (NP (NP the last-minute addition )NP (PP of (NP a *UNK American *UNK , (SBAR that (S (NP (NP U.S. aid )NP (PP to (NP the resistance )NP )PP )NP (VP would (VP continue (ADVP (ADVP as long )ADVP (SBAR as (S (NP (NP Soviet aid )NP (PP to (NP Kabul )NP )PP )NP (VP did )VP )S )SBAR )ADVP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S But (ADVP as soon (SBAR as (S (NP the *UNK )NP (VP were (VP signed )VP )VP )S )SBAR )ADVP , (NP American officials )NP (VP (ADVP sharply )ADVP reduced (NP aid )NP )VP . )S  STOP
(S (PP In (NP (NP February 1989 )NP , (SBAR (WHADVP when )WHADVP (S (NP the Soviets )NP (VP said (SBAR (S (NP they )NP (VP had (VP completed (NP their *UNK )NP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP , (NP the U.S. )NP (VP cut (NP it )NP (ADVP further )ADVP )VP . )S  STOP
(X (ADVP Not so )ADVP (NP the Soviets )NP . )X  STOP
(S (NP Gen. *UNKC himself )NP (VP said (SBAR (S (NP Soviet troops )NP (VP expected (S (VP to (VP leave (ADVP behind )ADVP (NP (NP (QP more than $ 1 billion )QP )NP (PP of (NP military equipment and installations )NP )PP )NP (PP for (NP the Kabul regime )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP Since (NP the troop withdrawal )NP )PP , (NP Moscow )NP (VP has (VP poured (PRT in )PRT (NP (NP (NP an additional (QP $ 200 to $ 300 million )QP )NP worth )NP (PP per (NP month )NP )PP (PRN -- (NP (NP (QP nearly $ 2 billion )QP )NP (PP since (NP February )NP )PP )NP , (ADJP equivalent (PP to (NP (NP the total U.S. aid )NP (PP to (NP the resistance )NP )PP (PP in (NP nine years )NP )PP )NP )PP )ADJP )PRN )NP )VP )VP . )S  STOP
(S (NP This )NP (VP includes (NP (SBAR (WHNP what )WHNP (S (NP Deputy Foreign Minister *UNKC *UNKC )NP (ADVP *UNKLY )ADVP (VP called (S `` (NP new peaceful *UNK- weapons )NP )S )VP )S )SBAR , '' (PP including (NP (QP more than 800 )QP *UNKC missiles )NP )PP )NP )VP . )S  STOP
(S (PP By (NP early May )NP )PP , (NP Moscow )NP (VP had (VP delivered , (PP for (NP example )NP )PP , (NP (NP 1,000 trucks )NP , (NP about 100 tanks )NP , (NP *UNK )NP and (NP (NP hundreds )NP (PP of (NP other combat vehicles )NP )PP )NP )NP )VP )VP . )S  STOP
(S (NP Later that month )NP , (NP it )NP (VP added (NP (NP an entire tank *UNK )NP , (PP including (NP (NP 120 *UNKC tanks )NP and (NP (QP more than 40 )QP *UNKC *UNK- *UNK fighting vehicles )NP )NP )PP )NP )VP . )S  STOP
(S (PP By (NP September )NP )PP , (NP (NP a new *UNKED *UNKED *UNKC *UNKC )NP (PP with (NP (NP an additional 300 combat vehicles )NP , (NP 1,000 more trucks )NP and (NP 10,000 *UNKED Afghan troops )NP )NP )PP )NP (VP had (VP arrived (PP in (NP *UNKC )NP )PP )VP )VP . )S  STOP
(S (PP In (NP the last few weeks )NP )PP , (NP Moscow )NP (VP has (VP added (NP (NP *UNKC missiles )NP , (NP (NP the *UNK version )NP (PP of (NP the *UNKC )NP )PP )NP , (NP *UNKC *UNK- aircraft )NP , (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP can (VP *UNKLY (NP (NP Pakistan 's )NP *UNKC *UNKC )NP )VP )VP )S )SBAR )NP , and (NP (NP *UNKC *UNKC *UNK- )NP , (SBAR (WHNP which )WHNP (S (VP can (VP *UNKLY (NP the *UNKC )NP )VP )VP )S )SBAR )NP )NP )VP )VP . )S  STOP
(S (NP Moscow )NP (VP claims (SBAR (S (NP this )NP (VP is all (VP needed (S (VP to (VP protect (NP the Kabul regime )NP (PP against (NP the *UNK resistance )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP It )NP )NP (VP is (ADJP well-known )ADJP (SBAR that (S (NP the regular Afghan *UNK )NP (VP is (VP filled (PP with (NP reluctant *UNK )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S But (S (NP this )NP (VP is not (NP the entire Afghan army )NP )VP )S , and (S (NP it )NP (VP is (ADVP no longer )ADVP (NP (NP Kabul 's )NP only military force )NP )VP )S . )S  STOP
(S (S (NP *UNKC units )NP (VP have (VP been (VP *UNKED and *UNKED (PP in (NP (NP the U.S.S.R. )NP and (NP other (ADJP East bloc )ADJP nations )NP )NP )PP )VP )VP )VP )S ; (S (NP (NP (QP 30,000 to 40,000 )QP )NP (PP of (NP these troops )NP )PP )NP (VP have (VP returned )VP )VP )S . )S  STOP
(S (PP In (NP addition )NP )PP , (NP the regime )NP (VP has (VP established (NP (NP *UNK- *UNK forces )NP (VP totaling (NP (NP more )NP (PP than 100,000 )PP )NP )VP , (PP including (NP (NP 35,000 *UNKED troops )NP (PP of (NP (NP (NP the *UNKC Ministry )NP (PRN -LRB- (NP *UNKC )NP -RRB- )PRN )NP , (SBAR (WHNP which )WHNP (S (ADVP still )ADVP (VP is (VP directed (PP by (NP 1,500 Soviet KGB officers )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (SBAR (ADVP Even )ADVP if (S (NP not all these forces )NP (VP are (ADJP committed (PP to (NP the regime )NP )PP )ADJP )VP )S )SBAR , (NP they )NP (VP are (ADVP now )ADVP (ADJP dependent (PP on (NP it )NP )PP )ADJP )VP . )S  STOP
(S And (NP (NP thousands )NP (PP of (NP Afghan children )NP )PP )NP (VP have (VP been (VP taken (PP to (NP (NP the Soviet Union )NP , (SBAR (WHADVP where )WHADVP (S (NP they )NP (VP are (NP (NP *UNK )NP (PP for (NP (NP the behavior )NP (PP of (NP their families )NP )PP )NP )PP )NP )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S (PP Since (NP 1981 )NP )PP , (NP Indian military advisers )NP (VP have (VP been (VP *UNKING (NP the Kabul regime )NP )VP )VP )VP . )S  STOP
(S (PP In (NP (NP *UNK )NP (PP for (NP the withdrawal )NP )PP )NP )PP , (NP (NP Moscow )NP , (NP Kabul )NP and (NP New *UNKC )NP )NP (VP signed (NP (NP two agreements )NP (SBAR for (S (NP several hundred (ADJP newly *UNK )ADJP Indian experts )NP (VP to (VP replace (NP (NP some )NP (PP of (NP the (ADJP more visible )ADJP Soviet military personnel )NP )PP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Cuban military personnel )NP (ADVP also )ADVP (VP have (VP been (ADJP active )ADJP (PP in (NP Afghanistan )NP )PP (PP since (NP 1979 )NP )PP )VP )VP . )S  STOP
(S (NP The Soviets )NP (VP cut (NP (NP (NP a deal )NP (PP with (NP Iran )NP )PP )NP : (NP (NP a future Iranian role )NP (PP in (NP Afghanistan )NP )PP (PP in (NP (NP exchange )NP (PP for (NP (NP Iranian support )NP (PP of (NP Soviet policy )NP )PP )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (NP The deal )NP (VP was (VP *UNKED (PP by (NP (NP the restoration )NP (PP of (NP the *UNKC *UNKC *UNKC *UNKC )NP )PP (PP to (NP the Afghan prime ministry )NP )PP )NP )PP )VP )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP serious questions )NP (VP have (VP been (VP raised (PP about (NP (NP the claimed withdrawal )NP (PP of (NP Soviet forces )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (PP Before (NP (NP his assassination )NP (PP in (NP 1988 )NP )PP )NP )PP , (NP (NP President *UNKC )NP (PP of (NP Pakistan )NP )PP )NP (ADVP repeatedly )ADVP (VP stated (SBAR that (S (NP fresh Soviet troops )NP (VP were (VP being (VP *UNKED (PP into (NP Afghanistan )NP )PP (SBAR (ADVP even )ADVP as (S (NP others )NP (VP were (VP (ADVP *UNKLY )ADVP withdrawn )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Rep. Bill *UNKC )NP (PRN -LRB- (NP R. )NP , (NP Fla. )NP -RRB- )PRN )NP (VP reports (SBAR that (S (NP these )NP (VP included (NP (NP (QP 20,000 to 30,000 )QP Soviet Central Asian KGB *UNKC *UNKC )NP , (UCP (ADJP *UNKLY *UNK (PP from (NP *UNKC )NP )PP )ADJP and (VP wearing (NP *UNKED *UNK )NP )VP )UCP )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP the Kabul regime )NP (VP is (ADJP increasingly successful (PP at (S (VP portraying (NP the resistance )NP (PP as (NP *UNKED *UNK )NP )PP )VP )S )PP )ADJP )VP . )S  STOP
(S (PP In (NP this )NP )PP (NP they )NP (VP are (VP aided (PP by (NP (NP years )NP (PP of (NP (NP American , European , *UNKC and Saudi support )NP (PP for (NP (NP the (ADJP most extreme )ADJP *UNK )NP -- (NP (NP radical *UNKC *UNK )NP (PP with (NP (NP leaders )NP (SBAR (WHNP whose policies )WHNP (S (VP are (NP (NP *UNK )NP (PP to (NP the Afghan public )NP )PP )NP )VP )S )SBAR )NP )PP )NP )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP This heavy outside support )NP (PP for (NP the worst )NP )PP )NP (VP has (VP undermined (NP better , moderate leaders )NP )VP )VP . )S  STOP
(S (PP In (NP autumn )NP )PP (NP last year )NP , (PP for (NP example )NP )PP , (NP (NP the regime *UNK )NP (PP at (NP *UNKC )NP )PP )NP (VP was (ADJP prepared (S (VP to (VP surrender (NP the city )NP (PP to (NP resistance *UNK )NP )PP )VP )VP )S )ADJP )VP . )S  STOP
(S (PP At (NP the last minute )NP )PP , (ADVP however )ADVP , (NP *UNKC officials )NP (VP sent (PRT in )PRT (NP (NP *UNKC *UNKC )NP , (ADVP perhaps )ADVP (NP (NP the (ADJP (ADJP most *UNKED )ADJP and (ADJP feared )ADJP )ADJP )NP (PP of (NP the *UNK )NP )PP )NP , )NP (PP with (NP a demand (SBAR that (S (NP the surrender )NP (VP be (VP made (PP to (NP his forces )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (S (NP The deal )NP (VP fell (ADVP through )ADVP )VP )S , and (S (NP *UNKC )NP (VP remains (NP a major regime base )NP )VP )S . )S  STOP
(S (NP The resistance )NP (VP lacks (NP not (ADVP only )ADVP (NP (NP air power )NP , (NP *UNK )NP and (NP expertise )NP )NP but (ADVP often )ADVP (NP (NP such *UNK )NP (PP as (NP (NP *UNK )NP , (NP mine detectors )NP , or (ADVP even )ADVP (NP winter *UNK )NP )NP )PP )NP )NP )VP . )S  STOP
(S (NP *UNKED resistance *UNK )NP (VP wanted (S (VP to (VP use (NP (NP *UNK action )NP and (NP *UNK tactics )NP )NP (S (VP to (VP wear (PRT down )PRT (NP the regime )NP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (ADVP Instead )ADVP , (NP they )NP (VP were (VP pressured (PP by (NP (NP (NP Pakistan 's )NP *UNKC )NP , (NP (NP the channel )NP (PP for (NP their support )NP )PP )NP )NP )PP , (PP into (S (VP *UNKING (NP *UNKC )NP )VP )S )PP )VP )VP . )S  STOP
(S (S (NP They )NP (VP took (NP (ADJP (QP more than 25 )QP % )ADJP *UNK )NP )VP )S ; (S (NP journalists )NP (VP report (SBAR that (S (NP they )NP (VP faced (NP *UNK )NP (PP without (NP mine detectors )NP )PP )VP )S )SBAR )VP )S . )S  STOP
(S (NP The wonder )NP (VP is (SBAR not (SBAR that (S (NP the resistance )NP (VP has (VP failed (S (VP to (VP *UNK (NP the Kabul regime )NP )VP )VP )S )VP )VP )S )SBAR , but (SBAR that (S (NP it )NP (VP continues (S (VP to (VP exist and fight )VP )VP )S )VP (ADVP at all )ADVP )S )SBAR )SBAR )VP . )S  STOP
(S (S (NP Last summer )NP , (PP in (NP (NP response )NP (PP to (NP congressional criticism )NP )PP )NP )PP , (NP (NP the State Department )NP and (NP the CIA )NP )NP (VP said (SBAR (S (NP they )NP (VP had (VP resumed (NP (NP military aid )NP (PP to (NP the resistance )NP )PP )NP (SBAR (NP months )NP after (S (NP it )NP (VP was (VP cut (PRT off )PRT )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )S ; but (S (NP (NP it )NP )NP (VP is not (ADJP clear )ADJP (SBAR (SBAR (WHNP how much )WHNP (S (VP is (VP being (VP sent )VP )VP )VP )S )SBAR or (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP will (VP arrive )VP )VP )S )SBAR )SBAR )VP )S . )S  STOP
(S (PP For (NP months )NP )PP (NP the resistance )NP (VP has (VP been (ADJP *UNK (PP against (NP air attack )NP )PP )ADJP )VP )VP . )S  STOP
(S (ADVP Thus far )ADVP (NP there )NP (VP is (NP no indication (SBAR that (S (NP they )NP (VP have (VP been (VP *UNKED (PP with (NP (NP *UNKC )NP or (NP other *UNK- weapons )NP )NP )PP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP Indeed )ADVP , (NP U.S. officials )NP (VP have (VP indicated (PP to (NP the press )NP )PP (SBAR that (S (NP (NP the *UNK )NP (PP of (NP aid )NP )PP )NP (VP depends (PP on (SBAR (WHNP what success )WHNP (S (NP the weakened resistance )NP (VP *UNK (PP by (NP (NP the end )NP (PP of (NP this year )NP )PP )NP )PP )VP )S )SBAR )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Moscow and Kabul )NP (VP must (VP have (VP found (S (NP that information )NP (ADJP useful )ADJP )S )VP )VP )VP . )S  STOP
(S (PP For (NP a decade )NP )PP (NP U.S. policy )NP (VP has (VP been (ADJP *UNK )ADJP , (PP based (PP on (NP (NP *UNK )NP and (NP (NP the defense )NP (PP of (NP bureaucratic and political turf )NP )PP )NP )NP )PP )PP )VP )VP . )S  STOP
(S (NP (NP No settlement )NP (VP negotiated (PP by (NP others )NP )PP )VP )NP (VP can (VP force (S (NP the Afghan people )NP (VP to (VP give (PRT up )PRT (NP their struggle )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP A *UNK )NP (PP of (NP U.S. military aid )NP )PP )NP (VP would (VP (ADVP merely )ADVP abandon (NP them )NP (S (VP to (VP die (PP in (NP *UNK )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP a new , realistic U.S. policy )NP )PP )NP (VP is (ADJP long overdue )ADJP )VP . )S  STOP
(S (NP (NP Ms. *UNKC )NP , (NP (NP editor and *UNK- )NP (PP of (NP `` (NP (NP Afghanistan )NP : (NP (NP The Great Game )NP (VP *UNKED )VP )NP )NP '' (PRN -LRB- (NP Freedom House )NP -RRB- )PRN )NP )PP )NP , )NP (VP directs (NP (NP the Freedom House program )NP (PP on (NP *UNKC Asia )NP )PP )NP )VP . )S  STOP
(S (NP Nothing )NP (VP *UNKED (NP (NP the *UNK )NP (PP of (NP (NP Ronald Reagan )NP and (NP his *UNK )NP )NP )PP )NP (ADVP as much (PP as (NP (NP the *UNK (S (VP to (VP aid (NP (NP Nicaragua 's )NP Contra rebels )NP )VP )VP )S )NP , or (NP (NP the dream )NP (PP of (S (VP building (NP a *UNKED defense shield )NP (S (VP to (VP *UNK (PRT out )PRT (NP Soviet nuclear missiles )NP )VP )VP )S )VP )S )PP )NP )NP )PP )ADVP )VP . )S  STOP
(S (ADVP Yet )ADVP (PP under (NP (NP (NP Mr. Reagan 's )NP preferred successor )NP , (NP President Bush )NP , )NP )PP (NP those two *UNKED *UNK- causes )NP (VP are (VP *UNKING (PP on (NP the *UNK )NP )PP )VP )VP . )S  STOP
(S And , (ADVP surprisingly )ADVP , (NP (NP little more )NP (PP than (NP (NP a *UNK )NP (PP of (NP protest )NP )PP )NP )PP )NP (VP is (VP being (VP heard )VP )VP , (SBAR (ADVP even )ADVP though (S (NP *UNKC )NP (ADVP once )ADVP (VP *UNKED (NP fire )NP (S (VP supporting (NP (NP the Contras )NP and (NP the Strategic Defense Initiative )NP )NP )VP )S )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP The programs )NP (VP have (NP *UNK )NP )VP )S , '' (VP says )VP (NP (NP Rep. Henry *UNKC )NP , (NP (NP a conservative Republican )NP (PP from (NP Illinois )NP )PP )NP )NP . )SINV  STOP
(S (ADVP Yet )ADVP (PRN , (S (NP he )NP (VP asserts )VP )S , `` )PRN (S (NP you )NP (VP look (ADVP around )ADVP )VP )S ... and (S (NP you )NP (VP say , ` (SBARQ (WHNP Who )WHNP (SQ (VP are (NP the leaders )NP )VP )SQ ? )SBARQ )VP )S )S  STOP
(SBARQ (WHNP Who )WHNP (SQ is (VP going (S (VP to (VP carry (NP the water )NP )VP )VP )S )VP )SQ ? ' '' )SBARQ  STOP
(S (NP (NP It )NP )NP (VP is n't (ADJP surprising )ADJP (SBAR that (S (NP President Bush )NP (VP has n't (VP led (NP a *UNK (S (VP to (VP pump (PRT up )PRT (NP (NP the Contras )NP or (NP SDI )NP )NP )VP )VP )S )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Though (S (NP he )NP (VP (ADVP *UNKLY )ADVP supports (NP both programs )NP )VP )S )SBAR , (NP Mr. Bush )NP (VP has n't (VP been (NP (NP a *UNK champion )NP (PP of (NP either cause )NP )PP )NP , (SBAR as (S (NP Mr. Reagan )NP (VP was )VP )S )SBAR )VP )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (VP 's (ADJP surprising )ADJP )VP )S )SBAR (VP is (SBAR that (S (NP there )NP (VP is n't (NP (NP more )NP (PP of (NP a conservative outcry )NP )PP )NP (SBAR as (S (NP the Bush administration )NP (VP *UNK (S (NP the programs )NP (VP slip (PP down (NP the *UNK- list )NP )PP )VP )S )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP A combination )NP (PP of (NP factors )NP )PP )NP (PRN -- (NP (NP (NP a *UNK )NP (PP among (NP some conservatives )NP )PP )NP , (NP (NP a decline )NP (PP in (NP (NP the perception )NP (PP of (NP a Soviet threat )NP )PP )NP )PP )NP and (NP (NP a *UNK )NP (PP with (NP other issues )NP )PP )NP )NP -- )PRN )NP (VP seem (S (VP to (VP explain (NP the strange *UNK )NP )VP )VP )S )VP . )S  STOP
(S (ADVP *UNKC all )ADVP , (ADVP though )ADVP , (NP (NP conservative Republicans )NP (SBAR (WHNP who )WHNP (S (VP have (VP *UNKED (NP both (NP (NP the Contras )NP and (NP SDI )NP )NP )NP )VP )VP )S )SBAR )NP (VP are (ADJP reluctant (S (VP to (VP attack (NP a Republican president )NP (PP for (S (VP failing (S (VP to (VP do (NP more )NP )VP )VP )S )VP )S )PP )VP )VP )S )ADJP -- (SBAR though (S (NP that reluctance )NP (VP may (VP be (VP *UNKING )VP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (S (NP We )NP (VP want (S (VP to (VP complain )VP )VP )S )VP )S , (S (NP we )NP (VP want (S (VP to (VP say (NP (NP something )NP (PP about (NP it )NP )PP )NP )VP )VP )S )VP )S , and (S (NP we )NP (VP 're (VP going (S (VP to )VP )S (SBAR as (S (NP it )NP (VP gets (ADJP worse )ADJP )VP )S )SBAR )VP )VP )S )S , '' (VP says )VP (NP (NP Rep. Dan Burton )NP , (NP (NP an Indiana Republican )NP (SBAR (WHNP who )WHNP (S (VP has (VP been (NP a *UNK Contra *UNK )NP )VP )VP )S )SBAR )NP )NP . )SINV  STOP
(S `` But (NP it )NP (VP 's (PP like (S (VP *UNKING (NP your father )NP (PP in (NP the *UNK )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP You )NP (VP hate (S (VP to (VP do (NP it )NP )VP )VP )S (SBAR because (S (NP he )NP (VP 's (NP your father )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Mr. Burton )NP (VP says (SBAR (S (NP (NP (NP conservatives ' )NP *UNK )NP (PP with (NP (NP (NP Mr. Bush 's )NP cautious handling )NP (PP of (NP (NP the recent unsuccessful coup )NP (PP in (NP Panama )NP )PP )NP )PP )NP )PP )NP (VP will (VP make (S (NP them )NP (ADJP more willing (S (VP to (VP speak (PRT out )PRT )VP )VP )S )ADJP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Of (NP course )NP )PP , (NP neither (NP (NP President Bush )NP nor (NP the Congress )NP )NP )NP (VP has (ADVP actually )ADVP (VP abandoned (NP (NP the Contras )NP or (NP SDI )NP )NP )VP )VP . )S  STOP
(S (NP Mr. Bush )NP (VP has (VP struck (NP a deal )NP (PP with (NP congressional leaders )NP )PP (S (VP to (VP provide (NP *UNK aid )NP (PP to (NP the Contras )NP )PP (SBAR until (S (NP Nicaragua )NP (VP holds (NP national elections )NP (NP next February )NP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S But (NP the administration )NP (VP has (VP dropped (NP any effort (S (VP to (VP win (NP military aid )NP (PP for (NP the rebels )NP )PP )VP )VP )S )NP )VP )VP . )S  STOP
(S And (NP (NP (NP the administration 's )NP deal )NP (PP with (NP Congress )NP )PP )NP (VP gives (NP several congressional committees )NP (NP the right (S (VP to (VP cut (PRT off )PRT (NP even humanitarian aid )NP (NP next month )NP )VP )VP )S )NP , (SBAR though (S (NP the committees )NP (VP are (ADJP likely (S (VP to (VP let (S (NP aid )NP (VP continue (PP until (NP February )NP )PP )VP )S )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP Most analysts )NP (VP think (SBAR (S (S (NP there )NP (VP 's (NP little prospect (SBAR (S (NP the Contras )NP (VP can (VP be (NP a significant fighting force )NP (PP without (NP U.S. arms )NP )PP )VP )VP )S )SBAR )NP )VP )S , and (S (PP after (NP the February election )NP )PP (NP (NP their future )NP (PP in (NP any form )NP )PP )NP (VP will (VP be (ADJP *UNK )ADJP (ADVP at best )ADVP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (PP Instead of (S (VP focusing (PP on (NP the Contras )NP )PP )VP )S )PP , (NP Mr. Bush )NP (VP has (VP switched (PP to (S (VP urging (NP (NP members )NP (PP of (NP Congress )NP )PP )NP (PRN -- (ADVP most recently (PP in (NP a White House meeting )NP (NP yesterday )NP )PP )ADVP -- )PRN (S (VP to (VP approve (NP (NP financing )NP (PP for (NP (NP the election campaign )NP (PP of (NP (NP political opponents )NP (PP of (NP (NP Nicaragua 's )NP Sandinista government )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )VP )S )PP )VP )VP . )S  STOP
(S (S (NP The administration )NP (VP continues (S (VP to (VP support (NP (NP SDI )NP , or (NP Star *UNKC )NP , )NP )VP )VP )S )VP )S and (S (NP it )NP (ADVP recently )ADVP (VP *UNKED (S (VP to (VP persuade (NP the Senate )NP (S (VP to (VP restore (NP (NP some )NP (PP of (NP (NP the funds )NP (SBAR (S (NP it )NP (VP planned (S (VP to (VP cut (PP from (NP the program )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP )VP )S )VP )S . )S  STOP
(S And (NP just last week )NP , (NP Defense Secretary Dick Cheney )NP (VP gave (NP (NP a strong speech )NP (VP (VP listing (NP `` (NP *UNKING reasons )NP '' (SBAR (S (VP to (VP push (ADVP ahead )ADVP (PP with (NP SDI )NP )PP )VP )VP )S )SBAR )NP )VP and (VP saying (SBAR (S (NP he )NP (VP 'd (VP urge (NP President Bush )NP (S (VP to (VP veto (NP (NP a defense bill )NP (PP with (NP (NP `` inadequate '' funding )NP (PP for (NP the program )NP )PP )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP )NP )VP . )S  STOP
(S But (NP (NP the strong pitch )NP (PP by (NP Mr. Cheney )NP )PP )NP (VP may (VP be (ADJP (ADJP (ADJP too little )ADJP (ADJP too late )ADJP )ADJP (SBAR (S (VP to (VP prevent (NP (NP damage )NP (PP to (NP SDI )NP )PP )NP )VP )VP )S )SBAR )ADJP )VP )VP . )S  STOP
(S (S (NP The House )NP (VP has (ADVP already )ADVP (VP voted (PP for (NP (NP a deep cut )NP (PP in (NP funding )NP )PP )NP )PP )VP )VP )S , and (S (PP in (NP the end )NP )PP (NP (NP the program 's )NP backers )NP (VP will (VP be (ADJP hard pressed (S (VP to (VP head (PRT off )PRT (NP (NP some reduction )NP (PP in (NP spending )NP )PP )NP (NP next year )NP )VP )VP )S )ADJP )VP )VP )S . )S  STOP
(S And (SBAR while (S (NP the defense secretary )NP (VP is (VP speaking out )VP )VP )S )SBAR , (NP President Bush himself )NP (VP has n't (VP launched (NP any *UNK- campaign (S (VP to (VP *UNK (PRT up )PRT (NP support )NP )VP )VP )S )NP , (SBAR as (S (NP President Reagan )NP (VP did )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The administration )NP (ADVP also )ADVP (VP acknowledges (SBAR that (S (NP it )NP (VP is n't (VP pursuing (NP (NP (NP (NP Mr. Reagan 's )NP original vision )NP (PP of (NP (NP an `` *UNK shield '' )NP (VP protecting (NP the whole U.S. )NP )VP )NP )PP )NP , (CONJP but rather )CONJP (NP a (ADJP more modest )ADJP version )NP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (ADJP More *UNK (PP to (NP SDI supporters )NP )PP )ADJP )S , (NP the Bush administration )NP (VP appears (S (VP to (VP have (VP (ADVP *UNKLY )ADVP accepted (NP (NP a new arms-control proposal )NP (PP from (NP the Soviet Union )NP )PP (SBAR (WHNP that )WHNP (S (VP *UNK (NP (NP long-term trouble )NP (PP for (NP Star *UNKC )NP )PP )NP )VP )S )SBAR )NP )VP )VP )VP )S )VP . )S  STOP
(S (NP The Soviets )NP (VP have (VP agreed (S (VP to (VP complete (NP (NP a treaty )NP (VP cutting (NP strategic weapons )NP (PP without (S (VP including (NP (NP restrictions )NP (PP on (NP *UNKED defenses )NP )PP )NP )VP )S )PP )VP )NP )VP )VP )S )VP )VP . )S  STOP
(S But (NP the Soviets )NP (ADVP also )ADVP (VP are (VP insisting (SBAR that (S (NP they )NP (VP will (VP reserve (NP the right (S (VP to (VP withdraw (PP from (NP the completed *UNK- treaty )NP )PP (ADVP later on )ADVP (SBAR if (S (NP the U.S. )NP (VP does (NP (NP SDI testing or *UNK )NP (SBAR (WHNP that )WHNP (S (NP the Soviets )NP (VP think (SBAR (S (VP violates (NP the existing *UNK- treaty )NP )VP )S )SBAR )VP )S )SBAR )NP )VP )S )SBAR )VP )VP )S )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP It )NP (VP will (VP be (ADJP hard )ADJP (PP down (NP the road )NP )PP (S (VP to (VP persuade (NP Congress )NP (S (VP to (VP approve (NP (NP money )NP (PP for (NP SDI plans )NP )PP )NP )VP )VP )S )VP )VP )S (SBAR if (S (NP lawmakers )NP (VP fear (SBAR (S (NP those plans )NP (VP could (VP scuttle (NP a completed treaty )NP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (PP As (NP a result )NP )PP , (NP (NP Frank *UNKC )NP , (NP (NP a former Reagan Pentagon aide )NP (SBAR (WHNP who )WHNP (S (ADVP now )ADVP (VP heads (NP (NP the Center )NP (PP for (NP Security Policy )NP )PP )NP )VP )S )SBAR )NP , )NP (VP charges (SBAR that (S (NP (NP (NP the administration 's )NP `` *UNK )NP (PP of (NP (NP continued commitment )NP (PP to (NP (NP development and *UNK )NP (PP of (NP the SDI program )NP )PP )NP )PP )NP )PP )NP (VP strain (NP *UNK )NP )VP )S )SBAR )VP . '' )S  STOP
(S (ADVP Still )ADVP , (NP proponents )NP (VP may (VP be (VP *UNKING (ADVP away )ADVP (PP from (NP more *UNKING )NP )PP (SBAR because (S (NP they )NP (VP sense (SBAR (S (NP political *UNK )NP (VP have (VP turned (PP against (S (VP (VP *UNKING (NP the Nicaraguan rebels )NP )VP or (VP boosting (NP (NP spending )NP (PP on (NP SDI )NP )PP )NP )VP )VP )S )PP )VP )VP -- (SBAR (ADVP particularly )ADVP (WHADVP when )WHADVP (S (NP the public )NP (VP *UNK (SBAR (S (NP the Soviet threat )NP (VP is (VP declining (PP under (NP Mikhail Gorbachev )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )S )SBAR )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (PP In (NP fact )NP )PP , (SBAR because (S (NP *UNK )NP (VP seems (S (VP to (VP be (VP beating (NP a global retreat )NP )VP )VP )VP )S )VP )S )SBAR , (NP some conservatives )NP (VP may (VP (ADVP simply )ADVP be (ADJP (ADJP so pleased (SBAR that (S (NP their *UNK- philosophy )NP (VP is (VP *UNKING )VP )VP )S )SBAR )ADJP (SBAR that (S (NP they )NP (VP do n't (VP have (NP (NP the fire )NP )NP (PP at (NP the moment )NP )PP (S (VP to (VP push (NP controversial programs )NP )VP )VP )S )VP )VP )S )SBAR )ADJP )VP )VP . )S  STOP
(SINV `` (S (NP (NP The short )NP (PP of (NP it )NP )PP )NP (VP is (SBAR that (S (NP (NP the (ADJP most *UNK- )ADJP )NP (PP among (NP us )NP )PP )NP (VP can not (VP get (PP into (NP (ADJP too sour )ADJP a mood )NP )PP )VP )VP (PP with (S (NP *UNK )NP (VP *UNKING )VP )S )PP )S )SBAR )VP )S , '' (VP says )VP (NP (NP Mitchell *UNKC )NP , (NP (NP a former Reagan White House aide )NP (SBAR (WHNP who )WHNP (S (ADVP now )ADVP (VP is (NP (NP president )NP (PP of (NP the Hudson Institute )NP )PP )NP )VP )S )SBAR )NP )NP . )SINV  STOP
(S (NP Some activists )NP (VP are (VP *UNKING (S (VP to (VP raise (NP (NP the profile )NP (PP of (NP the two causes )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S But (NP they )NP (VP say (SBAR (S (NP they )NP (VP ca n't (VP make (NP much *UNK )NP (PP because of (NP (NP a lack )NP (PP of (NP (NP willing leaders )NP (PP in (NP (NP a position )NP (SBAR (S (VP to (VP turn (NP the *UNK )NP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP One longtime champion )NP (PP of (NP these programs )NP )PP (PP in (NP Congress )NP )PP , (NP Republican *UNK (NAC *UNKC *UNKC (PP of (NP Georgia )NP )PP )NAC )NP , )NP (VP is (VP *UNKED (PP by (NP (NP questions )NP (PP about (NP his ethics )NP )PP )NP )PP )VP )VP )S , (NP conservatives )NP (VP note )VP . )S  STOP
(S (NP (NP Other conservative *UNK )NP , (PP like (NP (NP Wyoming Republican Sen. (NP Malcolm *UNKC )NP )NP , (NP a longtime SDI advocate )NP , )NP )PP )NP (VP do n't (VP have (NP (NP the clout )NP (PP with (NP the Bush White House )NP )PP (SBAR (WHNP that )WHNP (S (NP they )NP (VP enjoyed (PP with (NP President Reagan )NP )PP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (PP *UNKC (NP all )NP )PP , (ADVP though )ADVP , (NP proponents )NP (VP say (SBAR (S (NP neither the Contra nor the SDI cause )NP (VP can (VP be (VP pushed (ADVP much further )ADVP (PP without (NP more presidential support )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (SBAR For (S (NP there )NP (VP to (VP be (NP (NP wind )NP (PP in (NP (NP the *UNK )NP (PP of (NP any program )NP )PP )NP )PP )NP )VP )VP )S )SBAR , (NP the chief executive )NP (VP has (S (VP to (VP be (VP *UNKING (PP in (NP the *UNK )NP )PP )VP )VP )VP )S )VP )S , '' (VP says )VP (NP Rep. Burton )NP . )SINV  STOP
(S (NP All this )NP (VP causes (S (NP Rep. *UNKC )NP (VP to (VP *UNK (PP about (NP (NP an *UNK way )NP (SBAR (S (VP to (VP *UNK (PRT up )PRT (NP more enthusiasm )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S `` (S (SBAR (WHNP What )WHNP (S (NP I )NP (VP 'd (VP like (S (VP to (VP see )VP )VP )S )VP )VP )S )SBAR , (SBAR if (S (NP he )NP (VP is (PP up (PP to (NP it )NP )PP )PP )VP )S )SBAR , (VP is (SBAR for (S (NP Reagan )NP (VP to (VP take (PP to (NP the *UNK )NP )PP (S (VP to (VP *UNK (NP (NP enthusiasm )NP (PP for (NP SDI )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP )S , '' (NP the congressman )NP (VP says )VP . )S  STOP
(S (NP We )NP (VP 're (ADJP *UNK (S (VP to (VP report (SBAR that (S (PP on (NP Monday )NP )PP (NP President Bush )NP (VP accepted (NP (NP the resignation )NP (PP of (NP William Allen )NP )PP (PP as (NP (NP chairman )NP (PP of (NP the U.S. Civil Rights Commission )NP )PP )NP )PP )NP )VP )S )SBAR )VP )VP )S )ADJP )VP . )S  STOP
(S (NP (NP Mr. Allen )NP , (VP appointed (PP by (NP President Reagan )NP )PP )VP , )NP (VP grew (ADJP *UNKLY *UNKED (PP of (S (VP dealing (PP with (NP (NP the guerrilla tactics )NP (PP of (NP his enemies )NP )PP )NP )PP )VP )S )PP )ADJP )VP . )S  STOP
(S (NP (NP His recent speech )NP , (VP (ADVP *UNKLY )ADVP titled `` (NP (NP *UNKC )NP ? (NP *UNKC )NP ? (NP *UNKC )NP ? (SBARQ (WHNP What )WHNP (SQ (VP is (NP a *UNKC )NP )VP )SQ ? )SBARQ )NP '' )VP )NP (VP caused (NP an *UNK )NP (SBAR (WHADVP when )WHADVP (S (NP its title )NP (VP *UNKED (ADVP out )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Mr. Allen 's )NP *UNK )NP (VP voted (S (VP to (VP call (S (NP his *UNK speech )NP `` (ADJP (ADJP *UNK )ADJP , (ADJP *UNKING )ADJP and (ADJP *UNKLY *UNK )ADJP )ADJP )S )VP )VP )S )VP . '' )S  STOP
(S (NP Commissioner Mary Francis Berry )NP (VP said (SBAR (S (NP it )NP (VP was `` (NP (NP another sad episode )NP (PP in (NP (NP the *UNK )NP (PP of (NP (NP the *UNKED missile )NP (SBAR (WHNP who )WHNP (S (VP is (NP chairman )NP )VP )S )SBAR )NP )PP )NP )PP )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP Rep. Don Edwards )NP , (NP the California Democrat )NP )NP , (VP warned (NP Mr. Allen )NP (SBAR that (S (NP the speech )NP (VP would (VP be `` (PP outside (NP (NP the scope )NP (PP of (NP (NP the commission 's )NP jurisdiction )NP )PP )NP )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP Thomas *UNKC )NP , (NP (NP head )NP (PP of (NP the *UNKC Legal Defense Fund )NP )PP )NP , )NP (VP called (S (NP (NP the prospect )NP (PP of (NP the speech )NP )PP )NP `` (ADJP *UNKLY *UNKING )ADJP )S )VP . '' )S  STOP
(S (NP We )NP (VP 've (ADVP actually )ADVP (VP read (NP the speech )NP )VP )VP . )S  STOP
(S (NP Mr. Allen )NP (VP began (NP it )NP (PP with (NP (NP a warning )NP (PP to (NP (NP his hosts )NP , (NP (NP a California church group )NP (SBAR (WHNP that )WHNP (S (VP opposes (NP (NP rights )NP (PP for (NP *UNK )NP )PP )NP )VP )S )SBAR )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (SBAR that (S (NP (NP other participants )NP (PP in (NP the conference )NP )PP )NP `` (VP do not (VP believe (SBAR that (S (NP (NP the rights )NP (PP of (NP Americans )NP )PP )NP (VP should (VP be (VP guaranteed (PP to (NP (NP citizens )NP (SBAR (WHNP who )WHNP (S (VP are (ADJP *UNK )ADJP )VP )S )SBAR )NP )PP )VP )VP )VP )S )SBAR )VP )VP )S )SBAR , '' but (SBAR that `` (S (NP I )NP (VP mean (S (VP to (VP persuade (NP you )NP (PP to (NP the opposite view )NP )PP )VP )VP )S )VP )S )SBAR )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP recalled (PP to (NP the audience )NP )PP (NP (NP a `` strange , *UNK '' *UNK )NP (SBAR (S (NP he )NP (ADVP once )ADVP (VP heard )VP )S )SBAR )NP (S (VP arguing `` (SBAR (S (SBAR (ADVP now )ADVP that (S (NP we )NP (VP have (ADVP finally )ADVP (VP recognized (SBAR that (S (NP American blacks )NP (VP have (NP rights )NP )VP )S )SBAR )VP )VP )S )SBAR , (NP we )NP (VP need (S (VP to (VP do (NP the same )NP (PP for (NP animals )NP )PP )VP )VP )S )VP )S )SBAR )VP )S )VP . )S  STOP
(S '' (NP Mr. Allen )NP (VP *UNKED (PP to (NP this *UNK )NP )PP (SBAR because (S (NP it )NP (VP seems (S (VP to `` (VP *UNK (NP (NP the status )NP (PP of (NP blacks )NP )PP )NP (PP to (NP (NP that )NP (PP of (NP animals )NP )PP )NP )PP -- (PP as (NP (NP a mere project )NP (PP (PP of (NP charity )NP )PP , (PP of (NP *UNK )NP )PP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP Rights )NP (PP on (NP such a basis )NP )PP (PRN , (SBAR whether (FRAG (PP for (NP blacks or *UNK )NP )PP )FRAG )SBAR , )PRN )NP (VP are `` (NP (NP mere *UNK )NP (PRN , '' (S (NP he )NP (VP said )VP )S , )PRN (ADJP subject (PP to (S (VP being (VP taken (PRT back )PRT )VP )VP )S )PP )ADJP )NP )VP . )S  STOP
(S (NP He )NP (VP says (SBAR (S (NP (NP the title )NP (PP of (NP his speech )NP )PP )NP (VP was (S (VP to (VP make (NP his point (SBAR that (S (NP Americans )NP (VP have (NP rights )NP (PP (PP as (NP individuals )NP )PP , not (PP as (NP (NP members )NP (PP of (NP certain select groups )NP )PP )NP )PP )PP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP His speech )NP (VP criticized (NP (NP the `` *UNK )NP (PP of (NP (NP *UNK )NP (PP of (NP (NP protected groups )NP (PP in (NP society )NP )PP '' (SBAR as (S (VP opposed (PP to (UCP (NP individual *UNK )NP or (PRN , (SBAR as (S (NP he )NP (VP put (NP it )NP )VP )S )SBAR , )PRN (PP in `` (NP (NP a common *UNK )NP (PP as (NP Americans )NP )PP )NP )PP )UCP )PP )VP )S )SBAR )NP )PP )NP )PP )NP )VP . '' )S  STOP
(S (PP Instead of (S (VP lobbying (PP for (NP special treatment )NP )PP )VP )S )PP , (NP Mr. Allen )NP (VP said (SBAR that (S (NP *UNK and others )NP (VP should (VP (VP try (S (VP to (VP (VP ensure (NP (NP equal treatment )NP (PP under (NP the law )NP )PP )NP )VP )VP )VP )S )VP and not (VP aim (PP for (NP (NP special *UNK )NP (SBAR (WHNP that )WHNP (S (VP would (VP risk `` (NP (NP *UNK *UNK )NP (PP with (NP government *UNK )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP This )NP (ADVP hardly )ADVP (VP sounds (PP like (NP an *UNK- *UNKED )NP )PP )VP . )S  STOP
(SBARQ (WHNP What )WHNP (SQ 's (ADVP really )ADVP (VP going (PRT on )PRT (ADVP here )ADVP )VP )SQ ? )SBARQ  STOP
(S (NP (NP The three (ADJP most important )ADJP things )NP (SBAR (S (VP to (VP understand (PP about (NP Mr. Allen )NP )PP )VP )VP )S )SBAR )NP (VP is (SBAR that (S (NP he )NP (VP is (NP (NP a black conservative intellectual )NP -- (NP (NP a triple threat )NP (PP to (NP the liberal establishment )NP )PP )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Mr. Allen )NP , (SBAR (WHNP who )WHNP (S (VP (VP teaches (NP government )NP (PP at (NP (NP prestigious *UNKC *UNKC College )NP (PP in (NP California )NP )PP )NP )PP )VP and (VP will (VP remain (NP (NP a member )NP (PP of (NP the commission )NP )PP )NP )VP )VP )VP )S )SBAR , )NP (VP has (VP spent (NP years )NP (S (VP arguing (SBAR that (S (NP civil rights )NP (VP are (NP (NP individuals ' )NP rights )NP )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(S (NP He )NP (ADVP last )ADVP (VP made (NP waves )NP (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP *UNKED (S (VP to (VP defend (NP (NP an Indian *UNK )NP (SBAR (WHNP who )WHNP (S (VP had (VP been (VP adopted (PP by (NP *UNK- parents )NP )PP (PP off (NP her *UNK )NP )PP )VP )VP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Allen )NP (VP (ADVP quickly )ADVP ran (ADVP up (PP against (NP (NP the liberal establishment )NP )NP )PP )ADVP (ADVP again )ADVP , (SBAR (WHNP which )WHNP (S (ADVP somehow )ADVP (VP *UNKED (NP (NP the vague concept )NP (PP of `` (NP Indian rights )NP '' )PP )NP (PP above (NP (NP the rights )NP (PP of (NP individual Indians )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP There )NP (VP is (NP (NP a huge *UNK )NP (PP between (NP (NP (NP Mr. Allen 's )NP *UNK- view )NP and (NP (NP the *UNK litigation approach )NP (PP of (NP the civil rights groups )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (ADVP Indeed )ADVP , (NP the gap )NP (VP is (ADJP (ADJP so large )ADJP (SBAR that (S (NP (NP Mr. Allen 's )NP critics )NP (VP refuse (S (VP to (VP engage (NP the debate )NP )VP )VP )S )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP (NP Their *UNK )NP (PP of (NP him )NP )PP )NP (VP is (NP (NP no substitute )NP (PP for (NP argument )NP )PP )NP )VP . )S  STOP
(S (NP Their effort (S (VP to (VP run (NP him )NP (ADVP out (PP of (NP Washington )NP )PP )ADVP )VP )VP )S )NP (VP is (NP (NP an embarrassment )NP (PP to (NP (NP the original purpose )NP (PP of (NP their own movement )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP We )NP (VP hope (SBAR (S (NP (NP the next head )NP (PP of (NP the Civil Rights Commission )NP )PP )NP (VP will (VP be (ADJP as *UNK (PP as (NP Mr. Allen )NP )PP )ADJP (PP in (S (VP making (NP (NP the case )NP (PP for (NP (NP *UNK )NP (PP of (NP civil rights )NP )PP )NP )PP )NP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Inc. )NP (VP said (SBAR (S (NP (NP its chairman )NP , (NP John R. *UNKC )NP , )NP (VP will (VP retire (PP as (NP (NP an officer )NP (PP of (NP the company )NP )PP )NP )PP (PP on (NP Jan. 2 )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP George L. *UNKC )NP , (NP (NP president )NP and (NP chief executive officer )NP )NP , )NP (VP will (VP become (NP (NP chairman )NP and (NP chief executive )NP )NP (PP upon (NP (NP Mr. *UNKC 's )NP retirement )NP )PP )VP )VP . )S  STOP
(S (NP (NP John C. *UNKC )NP , (NP (NP executive vice president )NP and (NP chief operating officer )NP )NP , )NP (VP will (VP become (NP (NP president )NP and (NP chief operating officer )NP )NP )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (ADJP (NP 65 years )NP old )ADJP , )NP (VP was (NP (NP chief executive )NP (PP of (NP (NP the distributor )NP (PP of (NP (NP *UNK )NP and (NP *UNK- products )NP )NP )PP )NP )PP )NP (PP (PP from (NP 1982 )NP )PP (PP to (NP 1988 )NP )PP )PP )VP . )S  STOP
(S (NP He )NP (VP will (VP continue (PP as (NP a director )NP )PP )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (NP 63 )NP , (NP (NP a *UNK- veteran )NP (PP at (NP *UNKC )NP )PP )NP , )NP (VP has (VP been (NP president )NP (PP since (NP 1983 )NP )PP )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (NP 51 )NP , )NP (VP joined (NP *UNKC )NP (PP in (NP August 1988 )NP )PP (PP from (NP (NP Leaseway Transportation Corp. )NP , (SBAR (WHADVP where )WHADVP (S (NP he )NP (VP was (NP (NP president )NP and (NP chief operating officer )NP )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP He )NP (VP has (VP been (NP a *UNKC director )NP (PP since (NP 1985 )NP )PP )VP )VP . )S  STOP
(S (NP The appointments )NP (VP are (NP (NP part )NP (PP of (NP (NP a planned succession )NP (PP at (NP the company )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Soviet leader Mikhail Gorbachev )NP (VP (VP opened (NP a major U.S. trade exhibition )NP (PP in (NP Moscow )NP )PP )VP and (VP spent (NP two hours )NP (S (VP *UNKING (NP (NP some )NP (PP of (NP (NP the 150 *UNK )NP (VP representing (NP (NP such blue-chip companies )NP (PP as (NP (NP General Motors Corp. )NP , (NP International Business Machines Corp. )NP and (NP Johnson & Johnson )NP )NP )PP )NP )VP )NP )PP )NP )VP )S )VP )VP . )S  STOP
(S (PP At (NP the *UNKC Co. stand )NP )PP , (NP (NP Mrs. Nelson Rockefeller )NP , (NP a board member )NP , )NP (VP offered (NP him )NP (NP a *UNK *UNK )NP )VP . )S  STOP
(S (NP He )NP (VP did n't (VP *UNK )VP )VP . )S  STOP
(S (NP (NP The exhibition )NP (PP by (NP the *UNKC Trade and Economic Council )NP )PP )NP (VP *UNK (NP (NP the growing U.S. interest )NP (PP in (NP (NP that nation 's )NP market )NP )PP )NP , (SBAR though (S (NP (NP trade )NP (PP between (NP the two countries )NP )PP )NP (VP is (NP a *UNK (QP $ 3 billion )QP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The Soviet president )NP and (NP (NP his prime minister )NP , (NP *UNKC *UNKC )NP , )NP )NP (VP spent (NP (NP the *UNK time )NP , (NP (QP about 15 )QP minutes )NP )NP , (PP at (NP (NP the IBM stand )NP , (SBAR (WHADVP where )WHADVP (S (NP they )NP (VP got (NP *UNK *UNK- key *UNK )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP At (NP the GM *UNK )NP )PP , (NP they )NP (ADVP barely )ADVP (VP looked (PP at (NP a *UNKING *UNKC )NP )PP , (S (VP *UNKING (S (VP to (VP talk (PP about (NP cooperation possibilities )NP )PP )VP )VP )S )VP )S )VP . )S  STOP
(S (PP In (NP Beijing )NP )PP , (ADVP meantime )ADVP , (S (NP China )NP (VP opened (NP an international aviation show )NP )VP )S , but (S (NP (NP (NP (NP the West 's )NP *UNK )NP (PP on (NP military deals )NP )PP )NP and (NP (NP uncertainty )NP (PP about (NP (NP the nation 's )NP stability )NP )PP )NP )NP (VP kept (NP many foreign *UNK )NP (ADVP away )ADVP )VP )S . )S  STOP
(S (NP Officials )NP (VP said (SBAR (S (NP (NP (NP 91 companies )NP (PP from (NP (NP 14 countries )NP , (PP including (NP the U.S. )NP )PP , )NP )PP )NP )NP (VP had (NP displays )NP , (ADVP down (PP from (NP (NP about *UNKN firms )NP (PP from (NP (QP more than 20 )QP countries )NP )PP )NP (PP at (NP the last show in )NP )PP )PP )ADVP )VP )S )SBAR )VP )S  STOP
(S (NP Japanese *UNK- maker *UNKC Industries Ltd. )NP (VP was (VP fined (NP (NP two million yen )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN )NP (PP for (S (VP *UNKING (PP to (NP the Soviet Union )NP )PP (NP (NP a chemical solution )NP (SBAR (WHNP that )WHNP (S (VP could (VP be (VP used (PP in (NP *UNK- systems )NP )PP )VP )VP )VP )S )SBAR )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP (NP A *UNKC executive )NP (PP in (NP (NP charge )NP (PP of (NP exports )NP )PP )NP )PP (SBAR (WHADVP when )WHADVP (S (NP the *UNK- *UNKED *UNK )NP (VP was (VP sold (PP to (NP the Soviets )NP )PP (PP in (NP 1986 )NP )PP )VP )VP )S )SBAR )NP (VP received (NP a suspended *UNK- jail sentence )NP )VP . )S  STOP
(S (NP Judge *UNKC *UNKC )NP (VP told (NP the *UNKC District Court )NP (SBAR (S (NP (NP Daikin 's )NP `` responsibility )NP (VP is (ADJP heavy )ADJP (SBAR because (S (NP illegal exports )NP (VP lowered (NP (NP international trust )NP (PP in (NP Japan )NP )PP )NP )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP (NP the solution )NP (PP in (NP concentrated form )NP )PP )NP )PP (PP to (NP Communist countries )NP )PP )NP (VP is (VP prohibited (PP (PP by (NP Japanese law )NP )PP and (PP by (NP international agreement )NP )PP )PP )VP )VP . )S  STOP
(S (NP A Soviet legislative panel )NP (VP rejected (PP as (ADJP not radical enough )ADJP )PP (NP (NP a government proposal )NP (PP on (S (VP *UNKING (NP economic control )NP )VP )S )PP )NP )VP . )S  STOP
(S (NP The newspaper *UNKC *UNKC )NP (VP said (SBAR (S (NP the committee )NP (VP decided (SBAR (S (NP the plan (S (VP to (VP *UNK (PRT out )PRT (NP (NP economic powers )NP (VP (ADVP previously )ADVP exercised (PP by (NP Moscow )NP )PP )VP )NP (PP to (NP (NP the country 's )NP 15 *UNK )NP )PP )VP )VP )S )NP `` (VP does n't (VP reflect (NP (NP the radical changes )NP (PP in (NP the Soviet federation )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (NP The committee )NP (VP gave (NP the government )NP (PP until (NP Nov. 15 )NP )PP (S (VP to (VP *UNK (NP the proposal )NP )VP )VP )S )VP . )S  STOP
(S (NP The move )NP (VP reflected (NP (NP the growing confidence )NP (PP of (NP the revamped Supreme Soviet )NP )PP )NP )VP . )S  STOP
(S (NP Scott Paper Co. )NP (VP said (SBAR (S (NP it )NP (VP is (VP *UNKING (NP (NP a proposed (ADJP (QP $ 650 million )QP )ADJP *UNKING project )NP (PP in (NP *UNKC )NP )PP )NP (SBAR because (S (NP it )NP (ADVP no longer )ADVP (VP expects (S (VP to (VP use (NP (NP as much *UNK pulp )NP (SBAR as (S (VP (ADVP previously )ADVP anticipated )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The *UNK *UNK and pulp mill )NP , (SBAR (WHNP which )WHNP (S (VP would (VP have (VP covered (NP (NP about *UNKN acres )NP (PP in (NP the *UNKC *UNKC region )NP )PP )NP )VP )VP )VP )S )SBAR , )NP (VP had (VP been (VP approved (PP by (NP (NP *UNKC 's )NP investment board )NP )PP )VP )VP )VP . )S  STOP
(S But (NP it )NP (VP was (VP opposed (PP by (NP some environmentalists )NP )PP (PP as (NP (NP (NP a threat )NP (PP to (NP (NP *UNKC *UNKC 's )NP *UNK )NP )PP )NP and (NP (NP a potential source )NP (PP of (NP social unrest )NP )PP (PP for (NP (NP the *UNK *UNK )NP (SBAR (WHNP who )WHNP (S (VP *UNK (NP them )NP )VP )S )SBAR )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC Co. )NP (PP of (NP Japan )NP )PP )NP (VP is (VP moving (NP (NP its *UNK- headquarters )NP and (NP holding company )NP )NP (PP to (NP Hong Kong )NP )PP (S (VP to (VP gain (PP from (NP (NP the British colony 's )NP economic advantages and tax structure )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (PP With (NP (NP funds )NP (PP of (NP (NP (QP *UNKN billion )QP Hong Kong dollars )NP (PRN -LRB- (NP US$ *UNKN million )NP -RRB- )PRN )NP )PP )NP )PP , (NP (NP the new company )NP , (NP *UNKC International Co. )NP , )NP (VP plans (S (VP to (VP acquire (NP (NP 10 )NP (PP of (NP (NP Hong Kong 's )NP top restaurants )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP It )NP (VP (ADVP also )ADVP intends (S (S (VP to (VP set (PRT up )PRT (NP an international wholesale market )NP (PP with (NP the Singapore government )NP )PP (NP next May )NP )VP )VP )S and (S (VP to (VP open (NP (NP (NP a department store )NP (PP in (NP *UNKC )NP )PP )NP and (NP (NP shopping centers )NP (PP in (NP Malaysia , Taiwan , Canada , Chicago and Seattle )NP )PP )NP )NP (PP by (NP December 1990 )NP )PP )VP )VP )S )S )VP . )S  STOP
(S (NP The chain )NP (VP (VP (ADVP currently )ADVP has (NP 90 retail outlets )NP (PP in (NP Japan )NP )PP )VP , (VP (NP seven )NP (PP in (NP the U.S. )NP )PP )VP , (VP (NP three )NP (PP in (NP Hong Kong )NP )PP )VP and (VP (NP (NP a dozen )NP more )NP (ADJP scattered (PP around (NP the *UNK )NP )PP )ADJP )VP )VP . )S  STOP
(S (NP Major European auction houses )NP (VP are (VP turning (ADVP increasingly )ADVP (PP to (NP *UNKED sales )NP )PP )VP )VP . )S  STOP
(S (NP (NP Christie 's )NP )NP (VP will (ADVP soon )ADVP (VP have (NP (NP a sale )NP (PP of (NP *UNKC and *UNKC art )NP )PP )NP (SBAR while (S (NP (NP Sotheby 's )NP )NP (VP is (VP *UNKING (NP *UNK )NP (PP with (NP (NP sales )NP (PP of (NP (ADJP Swiss , German , Spanish , Australian and Canadian )ADJP paintings )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP Brussels )NP )PP , (NP Hotel de *UNKC *UNKC )NP (VP auctioned (NP (NP *UNK and *UNK )NP - (ADVP along (PP with (NP paintings and *UNK )NP )PP )ADVP )NP )VP . )S  STOP
(S (NP (NP Berlin 's )NP *UNKC *UNKC )NP (VP will (VP auction (NP (NP art works )NP (PP with (NP (NP *UNK- estimates )NP (PP of (NP (QP less than $ *UNKN )QP )NP )PP )NP )PP )NP (PP on (NP Nov. 25 )NP )PP )VP )VP . )S  STOP
(SINV (S (NP (NP The auction house )NP , (VP known (PP for (NP (NP its sales )NP (PP of (NP *UNK- (ADJP *UNK and 20th )ADJP century works )NP )PP )NP )PP )VP , )NP (VP is (VP providing `` (NP (NP a service )NP (PP to (NP (NP clients )NP (SBAR (WHNP who )WHNP (S (VP do n't (VP want (S (VP to (VP sell (NP just their *UNK oil paintings )NP )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC 's )NP *UNKC *UNKC )NP . )SINV  STOP
(S (NP *UNKC *UNK *UNKC )NP (VP is (ADJP (ADJP less concerned (PP with (NP market *UNK )NP )PP )ADJP (ADVP than (PP with (NP (NP Belgium 's )NP *UNKING tax and *UNK- burden )NP )PP )ADVP )ADJP )VP . )S  STOP
(SINV `` (S (NP Everything )NP (VP has (S (VP to (VP be (NP the same )NP (PP between (NP countries )NP )PP )VP )VP )S )VP )S , '' (VP says )VP (NP (NP (NP *UNKC 's )NP *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP is (VP asking (NP clients )NP (S (VP to (VP sign (NP protest *UNK )NP )VP )VP )S )VP )VP )S )SBAR )NP . )SINV  STOP
(S `` (ADVP Then )ADVP (NP there )NP (VP 'll (VP be (NP fair competition )NP )VP )VP . '' )S  STOP
(S (S (NP (S (VP *UNKING (NP (NP tax-free shopping )NP (PP in (NP the European Community )NP )PP )NP (PP after (NP 1992 )NP )PP )VP )S )NP (VP could (VP threaten (NP (QP more than 3,000 )QP jobs )NP )VP )VP )S , (NP the International *UNKC Free *UNKC )NP (VP said )VP . )S  STOP
(S (PP Instead of (S (VP banning (NP such shopping )NP )VP )S )PP , (NP the *UNK )NP (VP proposed (S (VP *UNKING (NP controls )NP (S (VP to (VP be (ADJP sure (SBAR (S (NP the privilege )NP (VP is n't (VP *UNKED )VP )VP )S )SBAR )ADJP )VP )VP )S )VP )S )VP ... . )S  STOP
(S (NP British and *UNKC diplomats )NP (VP opened (NP (NP talks )NP )NP (PP in (NP *UNKC )NP )PP (VP aimed (PP at (S (VP *UNKING (NP (NP ties )NP (VP *UNKED (PP because of (NP (NP their 1982 war )NP (PP over (NP the *UNKC Islands )NP )PP )NP )PP )VP )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP (NP Britain 's )NP U.N. representative and delegation head *UNKC *UNKC )NP (VP called (S (NP the first meeting )NP `` (ADJP good , interesting and *UNK )ADJP )S )VP . )S  STOP
(S (NP (NP Polaroid Corp. )NP , (VP benefiting (PP from (NP *UNK- savings )NP )PP )VP , )NP (VP reported (NP (NP (NP a strong gain )NP (PP in (NP third-quarter operating results )NP )PP )NP and (NP (NP net income )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 40 cents )NP (NP a share )NP )NP )NP )PP )NP , (PP after (NP *UNK- requirements )NP )PP )NP )VP . )S  STOP
(S (NP Analysts )NP (VP said (SBAR (S (NP the numbers )NP (VP were (ADJP (ADJP better )ADJP (PP than (NP expectations )NP )PP )ADJP , (PP (ADVP partly )ADVP because of (NP (NP strong profit margins )NP and (NP a positive *UNK- *UNK )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (ADVP However )ADVP , (NP they )NP (VP said (SBAR (S (NP (NP the company 's )NP flat revenue )NP (VP was (NP (NP a disappointment )NP , and (NP an indication (SBAR that (S (NP (NP sales )NP (PP of (NP (NP Polaroid 's )NP new conventional film )NP )PP (PP in (NP the U.S. )NP )PP )NP (VP have (VP been (ADJP sluggish )ADJP )VP )VP )S )SBAR )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Revenue )NP (PP in (NP the third quarter )NP )PP )NP (VP was (NP (NP (QP $ *UNKN million )QP )NP , (ADJP almost unchanged (PP from (NP (NP (QP $ *UNKN million )QP )NP (ADVP (NP a year )NP earlier )ADVP )NP )PP )ADJP )NP )VP . )S  STOP
(S (NP Polaroid )NP (VP reported (NP (NP operating profit )NP (PP before (NP (NP taxes )NP and (NP interest costs )NP )NP )PP (PP of (NP (NP (NP (QP $ *UNKN million )QP )NP (PP for (NP the third quarter )NP )PP )NP , (NP (QP more than double )QP the *UNK- (QP $ 24 million )QP )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP for (NP (NP staff cuts )NP and (NP other restructuring )NP )NP )PP )NP (VP produced (NP (NP a net loss )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 77 cents )NP (NP a share )NP )NP )NP )PP )NP , (PP in (NP (NP 1988 's )NP third quarter )NP )PP )VP . )S  STOP
(SINV `` (S (NP I )NP (VP 'm (ADJP somewhat skeptical (PP about (NP (NP the underlying demand '' )NP (PP for (NP Polaroid products )NP )PP )NP )PP )ADJP )VP )S , (VP said )VP (NP (NP Michael *UNKC )NP , (NP (NP an analyst )NP (PP with (NP Wertheim *UNKC & Co )NP )PP )NP )NP . )SINV  STOP
(S `` (SBAR If (S (NP you )NP (VP believe (SBAR that (S (NP (NP a good performance )NP (NP next year )NP )NP (VP is (ADJP *UNK (PP on (NP (NP an *UNK )NP (PP of (NP revenue )NP )PP )NP )PP )ADJP )VP )S )SBAR )VP )S )SBAR , (NP there )NP (VP is n't (NP (NP a lot )NP (ADVP here )ADVP (SBAR (S (VP to (VP base (NP *UNK )NP (PP on )PP )VP )VP )S )SBAR )NP )VP . '' )S  STOP
(S (NP (NP Alex Henderson )NP , (NP (NP an analyst )NP (PP with (NP Prudential-Bache )NP )PP )NP , )NP (VP says (SBAR (S (NP Polaroid officials )NP (VP told (NP him )NP (NP yesterday )NP (SBAR that (S (NP (NP U.S. sales )NP (PP of (NP (NP (NP the company 's )NP new conventional film product )NP , (VP introduced (PP in (NP the second quarter )NP )PP )VP )NP )PP )NP , (VP have (VP been (ADJP `` disappointing '' )ADJP (PP after (NP a promising start )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Sam *UNKC )NP , (NP a Polaroid spokesman )NP , )NP (VP (VP said (SBAR `` (S (NP I )NP (VP do n't (VP know (PP about (FRAG disappointing )FRAG )PP )VP )VP )S )SBAR )VP , '' but (VP added (SBAR that (S (NP the company )NP (VP has n't (VP been (ADJP able (S (VP to (VP get (NP the product )NP (PP on (NP (NP the *UNK )NP (PP of (NP (NP some *UNK- , discount retailers )NP (SBAR (WHNP that )WHNP (S (NP it )NP (VP had (VP hoped (SBAR (S (VP would (VP be (VP carrying (NP the product )NP (ADVP already )ADVP )VP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )ADJP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP (NP the film )NP , (NP One Film )NP , )NP (VP is (ADVP currently )ADVP (VP carried (PP at (NP (NP (QP about 15,000 )QP retail outlets )NP , (PP including (NP *UNK and *UNK )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP Polaroid )NP (VP reported (NP (NP earnings )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ 1.27 )NP (NP a share )NP )NP )NP )PP )NP )VP . )S  STOP
(S (NP Last year )NP , (NP the company )NP (VP had (NP (NP a nine-month loss )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 23 cents )NP (NP a share )NP )NP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP , (NP Polaroid )NP (VP closed (PP at (NP $ 47 )NP )PP , (ADVP up (NP $ 1.125 )NP )ADVP )VP . )S  STOP
(SBARQ (WHADVP Why )WHADVP (SQ is (NP the stock market )NP (ADVP suddenly )ADVP (ADJP so volatile )ADJP )SQ ? )SBARQ  STOP
(S (NP Yesterday )NP , (NP the Dow Jones Industrial Average )NP (VP did (NP (NP a (ADJP now familiar )ADJP dance )NP )NP : (S (NP It )NP (VP plunged (NP *UNKN points )NP (PP before (NP lunch )NP )PP , (PP with (S (NP (NP most )NP (PP of (NP the drop )NP )PP )NP (VP *UNKING (PP in (NP 25 minutes )NP )PP )VP )S )PP )VP )S )VP . )S  STOP
(S (ADVP Then )ADVP , (NP it )NP (VP rebounded (S (VP to (VP finish (ADVP down (NP only *UNKN points )NP )ADVP )VP )VP )S )VP . )S  STOP
(S And (NP those swings )NP (VP *UNKED (PP *UNK (NP (NP (NP Friday 's )NP *UNK- plunge )NP and (NP (NP Monday 's )NP *UNK- recovery )NP )NP )PP )VP . )S  STOP
(S `` (S (NP It )NP (VP 's (NP *UNK )NP -- (SBAR that (S (PP in (NP an hour )NP )PP (NP you )NP (VP can (VP *UNK (PRT off )PRT (NP (ADJP so much )ADJP value )NP )VP )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP Stanford *UNKC )NP , (NP (NP chairman )NP (PP of (NP (NP Trinity Investment Management Corp. )NP , (NP Boston )NP )NP )PP )NP )NP . )S  STOP
(S And , (ADVP apparently )ADVP , (NP it )NP (VP is (ADVP here (S (VP to (VP stay )VP )VP )S )ADVP )VP . )S  STOP
(S (NP (NP Richard *UNKC )NP , (NP (NP senior *UNK analyst )NP (PP at (NP Merrill Lynch & Co )NP )PP )NP , )NP (VP says , (SBAR `` (S (NP My *UNK feel )NP (VP is (SBAR that (S (NP we )NP (VP 'll (VP live (PP with (NP those swings )NP )PP (PP for (NP a while )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (NP There )NP (VP are (NP (NP (NP many reasons )NP (PP for (NP (NP the market 's )NP *UNK )NP )PP )NP : (NP (NP (NP new trading vehicles )NP (PP such as (NP (NP stock-index futures )NP and (NP options )NP )NP )PP )NP ; (NP (NP computer-driven strategies )NP (PP like (NP program trading )NP )PP )NP ; and (NP crowd psychology )NP )NP )NP )VP . )S  STOP
(S But (NP most )NP (VP are (VP linked (PP by (NP (NP a single theme )NP : (NP (NP liquidity )NP -- (NP the ability (S (VP to (VP get (PP (PP in )PP and (PP out (PP of )PP )PP (NP the market )NP )PP (ADVP quickly )ADVP )VP )VP )S )NP )NP )NP )PP )VP )VP . )S  STOP
(S (NP Prices )NP (VP are (VP moving (ADVP up and down )ADVP (ADVP so fast )ADVP (SBAR because (S (NP investors )NP (VP are (VP (VP *UNKING (NP (NP ways )NP (SBAR (S (VP to (VP turn (PRT over )PRT (NP shares )NP (PP at (NP *UNK- rates )NP )PP )VP )VP )S )SBAR )NP )VP and (VP (ADVP increasingly )ADVP acting (PP in (NP *UNK )NP )PP )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(SINV `` (S (NP Institutions )NP (VP are (VP *UNKING (NP animals )NP )VP )VP )S , '' (VP says )VP (NP (NP Peter Anderson )NP , (SBAR (WHNP who )WHNP (S (VP heads (NP (NP the *UNK- management arm )NP (PP of (NP *UNKC Financial Services Inc )NP )PP )NP )VP )S )SBAR )NP . )SINV  STOP
(S `` (NP We )NP (VP (VP watch (NP the same indicators )NP )VP and (VP listen (PP to (NP the same *UNK )NP )PP )VP )VP . )S  STOP
(S (PP Like (NP *UNK )NP )PP , (NP we )NP (VP tend (S (VP to (VP move (PP in (NP the same direction )NP )PP (PP at (NP same time )NP )PP )VP )VP )S )VP . '' )S  STOP
(S And (NP that )NP , (ADVP naturally )ADVP , (VP *UNK (NP price movements )NP )VP . )S  STOP
(S (NP (NP Institutions )NP (PRN -- (SBAR (WHNP who )WHNP (S (ADVP now )ADVP (VP account (PP for (NP most trading )NP )PP )VP )S )SBAR -- )PRN )NP (VP count (PP on (S (VP being (ADJP able (S (VP to (VP (NP buy and sell )NP (NP (NP big blocks )NP (PP of (NP stock )NP )PP )NP (PP at (NP an *UNK- )NP )PP )VP )VP )S )ADJP )VP )S )PP )VP . )S  STOP
(S But (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP discover (SBAR that (S (NP markets )NP (VP are n't (ADVP always )ADVP (ADJP as liquid (SBAR as (S (NP they )NP (VP supposed )VP )S )SBAR )ADJP )VP )S )SBAR )VP )S )SBAR -- (NP markets )NP (VP jump )VP . )S  STOP
(S (PP On (NP Monday )NP )PP , (PP for (NP instance )NP )PP , (NP (NP Howard *UNKC )NP , (NP (NP a principal )NP (PP at (NP *UNKC , Stevens & Clark )NP )PP )NP , )NP (VP found (SBAR that `` (S (NP you )NP (VP could n't (VP buy (NP *UNK- )NP (PP at (NP quoted prices )NP )PP (PP without (S (VP paying (PRT up )PRT )VP )S )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S And (SBAR (WHADVP when )WHADVP (S (NP many firms )NP (VP had (S (VP to `` (VP pay (PRT up )PRT )VP )VP )S )VP )S )SBAR , '' (NP (NP Monday 's )NP sudden rally )NP (VP was (VP sparked )VP )VP . )S  STOP
(S (NP (NP Trading )NP (PP in (NP futures and options )NP )PP )NP (PRN , (S (NP some people )NP (VP believe )VP )S , )PRN (VP can (VP add (PP to (NP volatility )NP )PP )VP )VP . )S  STOP
(S (S (NP Investors )NP (VP believe (SBAR (S (NP they )NP (VP can (X can )X (VP rely (PP on (NP such derivative securities )NP )PP (S (VP to (VP get (PP (PP in )PP and (PP out (PP of )PP )PP (NP the stock market )NP )PP (PP without (S (ADVP actually )ADVP (VP selling (NP any stocks )NP )VP )S )PP )VP )VP )S )VP )VP )S )SBAR )VP )S ; (S (NP that )NP (VP is , (FRAG (NP (NP a way )NP (PP of (S (VP staying (ADJP liquid )ADJP (SBAR (WHADVP (ADVP even )ADVP when )WHADVP (S (NP they )NP (VP own (NP stocks )NP )VP )S )SBAR )VP )S )PP )NP )FRAG )VP )S . )S  STOP
(SINV (S (NP These and other modern trading methods )NP `` (VP tend (S (VP to (VP promote (NP (NP dramatic *UNK )NP (PP in (NP assets )NP )PP )NP )VP )VP )S )VP )S , '' (VP says )VP (NP (NP George Douglas )NP , (NP (NP first vice president )NP (PP at (NP Drexel Burnham Lambert Inc )NP )PP )NP )NP . )SINV  STOP
(S `` (NP It )NP (VP 's (NP the idea (SBAR that (S (SBAR (WHNP what )WHNP (S (VP goes (PP in )PP (ADVP easy )ADVP )VP )S )SBAR (VP can (VP come (PP out )PP (ADVP easy )ADVP '' -- (SBAR so that (S (NP (NP *UNK )NP (PP of (NP higher volatility )NP )PP )NP (VP get (S (VP built (PP into (NP the stock market )NP )PP )VP )S )VP )S )SBAR )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP One new investment style )NP (VP called (S `` (NP asset allocation )NP '' )S )VP )NP (VP *UNK (NP portfolio *UNK )NP (PP between (NP (NP stocks )NP , (NP bonds )NP and (NP cash )NP )NP )PP (SBAR (WHADVP when )WHADVP (S (NP computer models )NP (VP say (SBAR (S (NP one )NP (VP is (ADJP more attractive )ADJP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP instance )NP )PP , (NP (NP First *UNKC Corp. )NP , (NP (NP an asset *UNK )NP (VP based (PP in (NP (NP *UNKC )NP , (NP N.J. )NP )NP )PP )VP )NP , )NP (VP said (SBAR (S (NP it )NP (VP (ADVP quickly )ADVP boosted (NP (NP stock positions )NP (PP in (NP its `` aggressive '' accounts )NP )PP )NP (PP to (NP 75 % )NP )PP (PP from (NP 55 % )NP )PP (S (VP to (VP take (NP (NP advantage )NP (PP of (NP plunging prices )NP )PP )NP (NP Friday )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP added (NP (QP another 5 )QP % )NP (NP Monday )NP (SBAR before (S (NP stocks )NP (VP rallied )VP )S )SBAR )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP they )NP (VP did )VP )S )SBAR , (NP the firm )NP (VP reduced (NP those stock holdings )NP (PP to (NP (QP about 70 )QP % )NP )PP )VP . )S  STOP
(S (NP (NP A classic example )NP (PP of (NP (NP (NP institutions ' )NP *UNK )NP (PP for (NP liquidity )NP )PP )NP )PP )NP (VP is (NP (NP portfolio insurance )NP , (ADVP now )ADVP (ADJP widely *UNKED )ADJP )NP )VP . )S  STOP
(S (PP Before (NP the 1987 crash )NP )PP , (NP (NP an estimated (QP $ 60 billion )QP )NP (PP in (NP institutional money )NP )PP )NP (VP was (VP managed (PP under (NP this hedging technique )NP )PP )VP )VP . )S  STOP
(S (NP The idea )NP (VP was (S (VP to `` (VP insure '' (NP (NP the value )NP (PP of (NP a portfolio )NP )PP )NP (PP by (S (VP selling (NP futures )NP (SBAR (WHADVP when )WHADVP (S (NP stock prices )NP (VP dropped )VP )S )SBAR -- (S (VP eliminating (NP the need (S (VP to (VP sell (NP the stocks themselves )NP )VP )VP )S )NP )VP )S )VP )S )PP )VP )VP )S )VP . )S  STOP
(S But (PP in (NP October 1987 )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP portfolio insurers )NP (VP rushed (S (VP to (VP sell )VP )VP (PP at (NP the same time )NP )PP )S )VP )S )SBAR , (NP they )NP (VP *UNKED (NP both the stock and futures markets )NP )VP . )S  STOP
(S (ADVP Yet )ADVP (ADVP even today )ADVP , (NP institutions )NP (VP are (VP (ADVP quietly )ADVP practicing (NP (NP forms )NP (PP of (NP portfolio insurance )NP )PP )NP (PP by (S (VP (ADVP *UNKLY )ADVP rushing (ADVP to and *UNK )ADVP (PP in (NP the markets )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S (NP Others )NP (VP are (VP doing (NP `` (NP index arbitrage )NP '' (NP (NP a strategy )NP (PP of (S (VP taking (NP advantage )NP (PP of (NP (NP price discrepancies )NP (PP between (NP (NP stocks )NP and (NP futures )NP )NP )PP )NP )PP )VP )S )PP )NP )NP )VP )VP . )S  STOP
(S (PP Unlike (NP traditional *UNK- strategies )NP )PP , (NP (NP all )NP (PP of (NP the above )NP )PP )NP (VP require (SBAR that (S (NP market makers )NP (VP be (PP on (NP hand )NP )PP (S (VP to (VP provide (NP liquidity )NP (PP by (S (VP buying and selling (NP stocks )NP (PP in (NP a crunch )NP )PP )VP )S )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S But (NP institutions )NP (VP say (SBAR (S (NP Wall Street brokerage firms )NP (VP are (ADJP less willing (S (VP to (VP make (NP markets )NP )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP Brokers )NP (VP do n't (VP deny (NP that )NP )VP )VP . )S  STOP
(S (NP Wall Street traders )NP (VP say (SBAR that (S , (SBAR with (S (NP institutional brokerage commissions )NP (ADJP (ADJP far lower )ADJP (PP than (PP in (NP the 1970s )NP )PP )PP )ADJP )S )SBAR , (NP securities firms )NP (VP ca n't (VP afford (S (VP to (VP take (NP (NP the risk )NP (PP of (S (VP buying (NP (ADJP too much )ADJP stock )NP )VP )S )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP I )NP (VP think (SBAR (S (NP everyone )NP (VP 's (ADJP a little more *UNK )ADJP )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP Jack Baker )NP , (NP (NP head )NP (PP of (NP equity trading )NP )PP (PP at (NP *UNKC Lehman Hutton Inc )NP )PP )NP )NP . )SINV  STOP
(SINV `` (S (NP The institutions )NP (VP have (VP driven (NP (PRN -LRB- commission -RRB- )PRN rates )NP (ADVP down )ADVP (PP to (NP (NP the point )NP (SBAR (WHADVP where )WHADVP (S (NP (NP it )NP )NP (VP makes (NP no sense )NP (S (VP to (VP *UNK (NP capital )NP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP )S , '' (VP says )VP (NP (NP Tom *UNKC )NP , (NP (NP senior executive vice president )NP (PP in (NP (NP charge )NP (PP of (NP institutional trading )NP )PP )NP )PP (PP at (NP Oppenheimer & Co )NP )PP )NP )NP . )SINV  STOP
(SBARQ `` (WHADVP Why )WHADVP (SQ should (NP I )NP (VP risk (NP money )NP (PP for (NP (NP a guy )NP (X for )X (SBAR (WHNP who )WHNP (S (VP 's (VP paying (NP me )NP (NP (NP five cents )NP (NP a dance )NP )NP )VP )VP )S )SBAR )NP )PP )VP )SQ ? )SBARQ  STOP
(S (NP (NP All )NP (SBAR (S (NP you )NP (VP get )VP )S )SBAR )NP (VP is (NP risk )NP )VP . '' )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP liquidity )NP )PP )NP (VP can (ADVP also )ADVP (VP result (PP from (NP exchange `` reforms )NP )PP )VP )VP . '' )S  STOP
(S (NP Many traders )NP (VP say (SBAR that (S (NP `` (NP circuit breakers )NP '' (VP put (PP in (NP place )NP )PP (S (VP to (VP damp (NP volatility )NP )VP )VP )S (PP after (NP the 1987 crash )NP )PP )VP )NP (VP (ADVP actually )ADVP added (PP to (NP volatility )NP )PP (SBAR (WHADVP when )WHADVP (S (NP the stock market )NP (VP plunged (NP Friday )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP The circuit breakers )NP (VP caused (NP (NP a *UNK- shutdown )NP (PP in (NP (NP trading )NP (PP in (NP (NP Standard & Poor 's )NP 500-stock index futures contract )NP )PP )NP )PP )NP (SBAR as (S (NP the markets )NP (VP were (VP falling )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (PP With (NP the *UNKING halt )NP )PP , (NP you )NP (VP could (ADVP only )ADVP (VP sell (NP stocks )NP '' (S (VP to (VP cut (NP (NP exposure )NP (PP to (NP the market )NP )PP )NP )VP )VP )S )VP )VP )S , (VP says )VP (NP a money manager )NP . )SINV  STOP
(S `` (NP It )NP (VP was (ADJP *UNK )ADJP (PP to (NP (NP people )NP (VP thinking (SBAR that (S (NP they )NP (VP could n't (VP get (NP their trades )NP (PRT off )PRT )VP )VP )S )SBAR )VP )NP )PP )VP . '' )S  STOP
(SINV `` (S (NP It )NP (VP was (SBAR like (S (NP they )NP (VP (VP put (NP you )NP (PP in (NP (NP a room )NP (PP with (NP a *UNK )NP )PP )NP )PP )VP and (VP told (NP you )NP (SBAR (S (NP there )NP (VP were (NP (NP three doors )NP (SBAR (S (VP to (VP *UNK )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP )S )SBAR )VP )S , '' (VP said )VP (NP one Chicago-based futures trader )NP . )SINV  STOP
(S `` (ADVP Then )ADVP (NP they )NP (VP said , ` (SBAR (S (PP By (NP the way )NP )PP , (NP (NP two )NP (PP of (NP the doors )NP )PP )NP (VP are (ADJP locked )ADJP )VP )S )SBAR )VP . ' '' )S  STOP
(S (NP The takeover *UNK )NP (ADVP also )ADVP (VP adds (PP to (NP volatility )NP )PP )VP . )S  STOP
(S (NP UAL Corp. )NP (VP is (NP a good example )NP )VP . )S  STOP
(S (S (VP *UNKED (PP as (NP a buy-out target )NP )PP )VP )S , (NP the airline stock )NP (VP was (VP trading (PP at (NP (NP (QP nearly $ *UNKN )QP )NP (NP a share )NP )NP )PP )VP )VP . )S  STOP
(S (S (SBAR (WHADVP When )WHADVP (S (NP the deal )NP (VP ran (PP into (NP trouble )NP )PP )VP )S )SBAR , (NP the stock )NP (VP tumbled )VP )S ; (S (NP it )NP (VP closed (PP at (NP $ *UNKN )NP )PP (NP yesterday )NP )VP )S . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP UAL )NP (VP is (ADVP now )ADVP (VP trading (ADVP closer (PP to (NP (NP its value )NP (VP based (PP on (NP earnings )NP )PP )VP )NP )PP )ADVP )VP )VP . )S  STOP
(S (PP By (NP contrast )NP )PP , (NP traditional *UNK- investors )NP (VP are (ADJP unlikely (S (VP to (VP generate (NP sudden price moves )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP (NP Scott Black )NP , (NP (NP a *UNKED money manager )NP (SBAR (WHNP who )WHNP (S (VP heads (NP *UNKC Management Inc. )NP )VP )S )SBAR )NP , )NP (VP points (PRT out )PRT (SBAR that (S (PP for (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP invest (PP on (NP fundamentals )NP )PP )VP )S )SBAR )NP )PP , `` (NP (NP the value )NP (PP of (NP a stock )NP )PP (PP (PP from (NP day )NP )PP (PP to (NP day )NP )PP )PP )NP (VP does n't (VP change (ADVP all that much )ADVP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Some experts )NP (VP say (SBAR (S (NP markets )NP (VP are n't (ADJP (ADJP as volatile )ADJP (SBAR as (S (VP (ADVP widely )ADVP assumed )VP )S )SBAR )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC Stoll )NP , (NP (NP finance professor )NP (PP at (NP *UNKC University )NP )PP )NP , )NP (VP says (SBAR (S (NP (NP the current volatility )NP (PP in (NP U.S. markets )NP )PP )NP (VP *UNK (PP in (NP (NP comparison )NP (PP to (NP (NP the 1930s )NP , (SBAR (NP decades )NP before (S (NP (NP derivative instruments )NP (PP such as (NP options and futures )NP )PP )NP (VP were (VP introduced )VP )VP )S )SBAR )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP I )NP (ADVP just )ADVP (VP ca n't (VP believe (SBAR that (S (NP (NP the *UNK )NP (PP in (NP the financial market )NP )PP )NP (VP are (VP causing (NP (NP any )NP (PP of (NP this volatility )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S And (NP (NP Robert D. *UNKC )NP , (NP (NP president )NP (PP of (NP asset *UNK First *UNKC )NP )PP )NP , )NP (VP notes (SBAR that (S (PP before (NP (NP Friday 's )NP tailspin )NP )PP , (NP (NP daily volatility )NP (PP on (NP the New York Stock Exchange )NP )PP )NP (PP in (NP recent weeks )NP )PP (VP had (VP reached `` (NP (ADJP historically low )ADJP levels )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Some people )NP (VP tend (S (VP to (VP ignore (SBAR that (S (NP a *UNK- move )NP (VP is (ADJP (ADJP less (PP in (NP percentage terms )NP )PP )ADJP (SBAR than (S (NP it )NP (VP was (SBAR (WHADVP when )WHADVP (S (NP the stock market )NP (VP was (ADJP lower )ADJP )VP )S )SBAR )VP )S )SBAR )ADJP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP (NP John J. Phelan Jr. )NP , (NP (NP chairman )NP (PP of (NP the Big Board )NP )PP )NP , )NP (VP asserts (SBAR that `` (S (NP 1988 and 1989 )NP (VP have (VP been (NP (NP two )NP (PP of (NP (NP the (ADJP least volatile )ADJP years )NP (PP in (NP the last (QP 30 or 40 )QP years )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S But (NP (NP the low average volatility )NP (SBAR (S (NP Mr. Phelan )NP (VP is (VP talking (PP about )PP )VP )VP )S )SBAR )NP (VP is n't (NP any comfort )NP (PP in (NP (NP a period )NP (PP of (NP rapid stock-market moves )NP )PP (PP like (NP the past week )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP (NP Sanford *UNKC )NP , (NP a *UNKC School finance professor )NP , )NP (VP says (SBAR (S (NP (NP volatile *UNK )NP (PP in (NP stock prices )NP )PP )NP (VP will (VP continue (ADVP (ADVP as long )ADVP (SBAR as (S (NP liquidity )NP (VP falls (ADJP short (PP of (NP (NP the *UNK demands )NP (PP of (NP (NP institutions )NP `` (SBAR (WHNP who )WHNP (S (VP can (VP (VP go (ADVP out )ADVP )VP and (VP say ` (S (NP I )NP (VP have (NP (NP (NP (QP a billion )QP dollars )NP (PP of (NP stocks )NP )PP )NP (SBAR (S (VP to (VP sell )VP )VP )S )SBAR )NP )VP )S )VP )VP )VP )S )SBAR )NP )PP )NP )PP )ADJP )VP )S )SBAR )ADVP )VP )VP )S )SBAR )VP . ' '' )S  STOP
(S (NP Some people )NP (VP think (SBAR (S (NP (NP the search )NP (PP for (NP liquidity )NP )PP )NP (VP is (ADJP *UNK )ADJP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP *UNKN )NP )PP , (NP John Maynard *UNKC )NP (VP wrote (SBAR that `` (S (PP of (NP (NP the *UNK )NP (PP of (NP *UNK finance )NP )PP )NP )PP (NP (NP none )NP )NP , (ADVP surely )ADVP , (VP is (ADJP (ADJP more *UNK )ADJP (PP than (NP (NP the *UNK )NP (PP of (NP liquidity )NP )PP )NP )PP )ADJP )VP )S )SBAR )VP . '' )S  STOP
(S (NP It )NP (VP leads (NP investors )NP (S (VP to (VP focus (PP (PP on (NP (NP short-term price movements )NP (PRN -- (S `` (NP (NP a game )NP (PP of (NP musical chairs )NP )PP )NP , '' (NP he )NP (VP called (S (NP it )NP )S )VP )S -- )PRN )NP )PP (CONJP rather than )CONJP (PP on (NP long-term fundamental valuation )NP )PP )PP )VP )VP )S )VP . )S  STOP
(S (NP James A. White )NP (VP contributed (PP to (NP this article )NP )PP )VP . )S  STOP
(S (NP The National Aeronautics and Space Administration )NP (VP said (SBAR (S (NP a computer virus )NP (VP (VP has (VP infected (NP (NP one )NP (PP of (NP its networks )NP )PP )NP )VP )VP and (VP is (VP spreading (NP (NP *UNK- messages )NP (VP related (PP to (NP (NP its Galileo space probe )NP , (SBAR (WHNP which )WHNP (S (VP is (S (VP to (VP be (VP launched (NP today )NP )VP )VP )VP )S )VP )S )SBAR )NP )PP )VP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Charles *UNKC )NP , (NP a NASA spokesman )NP , )NP (VP said (SBAR (S (NP the agency )NP (VP (VP discovered (NP the virus )NP (PP on (NP Monday )NP )PP (PP on (NP (NP the collection )NP (PP of (NP (NP computer networks )NP (VP (ADVP *UNKLY )ADVP called (S (NP *UNKC )NP )S )VP )NP )PP )NP )PP )VP and (VP expected (S (NP 100 university centers )NP (VP to (VP be (VP infected (PP by (NP today )NP )PP )VP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR Although (S (NP the network )NP (VP is n't (VP connected (PP to (NP (NP the computer systems )NP (SBAR (WHNP that )WHNP (S (VP operate (NP either (NP (NP Galileo )NP or (NP the shuttle )NP )NP )NP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR , (NP (NP part )NP (PP of (NP the network )NP )PP )NP (VP will (VP carry (NP (NP *UNK )NP (PP of (NP Galileo data )NP )PP )NP (SBAR once (S (NP the *UNK )NP (VP gets (ADJP *UNK )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (S (NP the *UNK )NP (VP had n't (ADVP yet )ADVP (VP done (NP any harm )NP )VP )VP )S but (S (NP the agency )NP (VP feared (SBAR `` (S (NP *UNK data )NP (VP could (VP be (VP *UNKED (PP for (NP real data )NP )PP )VP )VP )VP )S )SBAR )VP )S )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP estimated (SBAR (S (NP (NP it )NP )NP (VP could (VP take (NP a day )NP (SBAR for (S (NP a computer security manager )NP (VP to (VP *UNK (NP the virus )NP (PP from (NP a computer system )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The *UNK )NP , (PP among (NP (NP the *UNK yet )NP (SBAR (S (VP to (VP hit (NP a research network )NP )VP )VP )S )SBAR )NP )PP , )NP (VP appeared (S (VP to (VP affect (NP (NP only Digital Equipment Corp. hardware )NP (SBAR (WHNP that )WHNP (S (VP uses (NP (NP Digital 's )NP *UNKC operating system )NP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (NP It )NP (VP is (ADJP unrelated (PP to (NP (NP the *UNKED virus )NP (SBAR (WHNP that )WHNP (S (NP last year )NP (VP infected (NP (NP *UNKC )NP , (NP (NP a (ADJP much larger )ADJP network )NP (VP used (PP by (NP (NP researchers )NP (PP at (NP (NP (NP universities )NP , (NP laboratories )NP and (NP government agencies )NP )NP (PP around (NP the world )NP )PP )NP )PP )NP )PP )VP )NP )NP )VP )S )SBAR )NP )PP )ADJP )VP . )S  STOP
(S (S (PP In (NP (NP the *UNK )NP (PP of (NP computer security )NP )PP )NP )PP , (NP the NASA *UNK )NP (VP is (ADVP *UNKLY )ADVP (NP a computer worm )NP )VP )S , (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (NP A worm )NP (VP (VP *UNK (PP in (NP (NP the operating system )NP (PP of (NP a computer )NP )PP )NP )PP )VP and (VP spreads (PP by (S (VP boring (PP into (NP (NP other computers )NP (VP *UNKED (PP through (NP networks )NP )PP )VP )NP )PP )VP )S )PP )VP )VP . )S  STOP
(S (S (NP The Galileo worm )NP (ADVP apparently )ADVP (VP was (VP *UNKED (PP on (NP (NP (NP a computer )NP (PP in (NP France )NP )PP )NP (VP *UNKED (PRT up )PRT (PP to (NP (NP NASA 's )NP Space *UNKC *UNKC Network )NP )PP )VP )NP )PP )VP )VP )S , (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (NP NASA )NP (VP said (SBAR (S (NP the Galileo worm )NP (VP had n't (VP affected (NP (NP its computers )NP or (NP (NP the computers )NP (PP of (NP other government agencies )NP )PP )NP )NP (SBAR because (S (NP they )NP (VP had (VP *UNKED (NP their systems )NP (S (VP to (VP reject (NP *UNK )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP Mr. *UNKC )NP (VP said (SBAR (S (NP the worm )NP (VP hit (NP (NP universities )NP (SBAR (WHNP that )WHNP (S (VP had n't (VP elected (S (VP to (VP make (NP the changes )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Michael Alexander )NP , (NP (NP a senior editor )NP (PP at (NP (NP *UNKC )NP , (NP a trade publication )NP )NP )PP )NP , )NP (VP said (SBAR (S (NP he )NP (VP was (VP told (SBAR that (S (NP the worm )NP (VP gets (PP into (NP a computer center )NP )PP (PP by (S (VP looking (PP for (NP (NP obvious *UNK )NP -- (PP such as (NP (NP ones )NP (SBAR (WHNP that )WHNP (S (VP are (NP the (ADJP same (PP as (NP (NP the user 's )NP name )NP )PP )ADJP )NP )VP )S )SBAR )NP )PP )NP )PP )VP )S )PP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR If (S (NP it )NP (VP (VP finds (NP one )NP )VP and (VP gets (PP into (NP the system )NP )PP )VP )VP )S )SBAR , (NP it )NP (VP will (VP display (NP (NP a screen )NP )NP (SBAR (WHADVP when )WHADVP (S (NP a user )NP (VP *UNK (PRT on )PRT )VP )S )SBAR (SBAR (WHNP that )WHNP (S (VP says , `` (NP (NP *UNKC )NP (PP *UNKC (NP Nuclear *UNKC )NP )PP )NP )VP )S )SBAR )VP )VP ... . )S  STOP
(S (NP You )NP (VP (VP talk (PP of (NP (NP times )NP (PP of (NP (NP peace )NP (PP for (NP all )NP )PP )NP )PP )NP )PP )VP , and (ADVP then )ADVP (VP prepare (PP for (NP war )NP )PP )VP )VP . '' )S  STOP
(S (PP In (NP addition )NP )PP (PRN , (NP Mr. Alexander )NP (VP said )VP , )PRN (NP the worm )NP (VP sends (NP (NP strange messages )NP )NP (PP to (NP (NP other machines )NP (PP at (NP the center )NP )PP )NP )PP -- (PP such as , `` (S (S (NP George *UNKC )NP (VP was (NP an *UNK )NP )VP )S , '' or `` (S (VP Do n't (VP feed (NP the *UNK )NP (NP tonight )NP )VP )VP )S )S )PP )VP . '' )S  STOP
(S (NP The worm )NP (ADVP also )ADVP (VP looks (PP for (NP (NP *UNK *UNK )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP more *UNK )NP (PP on (NP the user )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The *UNK )NP (VP (VP are (VP included (PP in (NP the system software )NP )PP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP is (VP installed )VP )VP )S )SBAR )VP )VP but (VP are (VP supposed (S (VP to (VP be (VP replaced (ADVP (ADVP as soon )ADVP (SBAR as (S (NP the system )NP (VP is (UCP (ADJP up )ADJP and (VP running )VP )UCP )VP )S )SBAR )ADVP )VP )VP )VP )S )VP )VP )VP . )S  STOP
(S (SBAR If (S (NP it )NP (VP finds (NP (NP one )NP (PP of (NP those *UNK )NP )PP )NP )VP )S )SBAR (PRN , (NP Mr. Alexander )NP (VP said )VP , )PRN (NP the worm )NP (VP will (VP do (NP (NP such things )NP (PP as (S (VP change (NP (NP users ' )NP *UNK )NP (PP to (NP (NP a series )NP (PP of (NP random numbers )NP )PP )NP )PP , (S (VP preventing (NP them )NP (PP from (S (VP signing (PRT on )PRT (PP to (NP the network )NP )PP )VP )S )PP )VP )S )VP )S )PP )NP )VP )VP . )S  STOP
(S (NP NASA )NP (VP estimated (SBAR that , (S (PP on (NP Monday )NP )PP , (NP about four computer centers )NP (VP were (VP affected )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Yesterday )NP , (NP the number )NP (VP grew (PP to (NP 40 )NP )PP )VP )S ; (S (NP today )NP (NP the number )NP (VP is (VP expected (S (VP to (VP grow (PP to (NP 100 )NP )PP )VP )VP )S )VP )VP )S . )S  STOP
(S (NP NASA )NP (VP said (SBAR (S (NP it )NP (VP will (VP take (NP about a week )NP (SBAR before (S (NP it )NP (VP knows (NP (NP (SBAR (WHNP (NP exactly how many centers )NP (PP of (NP (NP the 6,000 )NP (VP connected (PP to (NP *UNKC )NP )PP )VP )NP )PP )WHNP (S (VP were (VP affected )VP )VP )S )SBAR )NP and (NP (NP the extent )NP (PP of (NP the damage )NP )PP , (SBAR if (FRAG (NP any )NP )FRAG )SBAR )NP )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC activists )NP (VP have (VP *UNKED (NP (NP the launch )NP (PP of (NP the Galileo space probe )NP )PP (PP to (NP Jupiter )NP )PP )NP (SBAR because (S (NP it )NP (VP uses (NP *UNK )NP (S (VP to (VP generate (NP (NP the electricity )NP (VP needed (S (VP to (VP run (NP the *UNK )NP )VP )VP )S )VP )NP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP fear (SBAR that (S (SBAR (SBAR if (S (NP (NP the shuttle )NP (VP carrying (NP Galileo )NP (PP into (NP *UNK )NP )PP )VP )NP (VP should (VP *UNK )VP )VP )S )SBAR , or (SBAR if (S (NP Galileo itself )NP (VP *UNK (PP into (NP the Earth )NP )PP (PP during (NP (NP the two times )NP (SBAR (S (NP it )NP (VP *UNK (ADVP close (PP to (NP the planet )NP )PP )ADVP )VP )S )SBAR )NP )PP )VP )S )SBAR )SBAR , (NP (NP *UNK levels )NP (PP of (NP *UNK )NP )PP )NP (VP would (VP be (VP released (PP into (NP the atmosphere )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP So far )ADVP (NP Galileo )NP (VP has (VP been (VP (VP delayed (ADVP twice )ADVP , (ADVP once )ADVP (PP because of (NP (NP a computer *UNK )NP (VP connected (PP with (NP a *UNK- engine )NP )PP )VP )NP )PP )VP , and (VP (NP yesterday )NP (PP because of (NP the weather )NP )PP )VP )VP )VP )VP . )S  STOP
(S (NP NASA )NP (VP said (SBAR (S (NP the Galileo worm )NP (VP had (NP (NP nothing )NP (SBAR (S (VP to (VP do (PP with (NP either delay )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Mr. Alexander )NP (PP of (NP *UNKC )NP )PP )NP (VP said (SBAR (S (NP *UNK )NP (VP have (VP gone (PP after (NP *UNKC )NP )PP (ADVP before )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP (NP the *UNKC Computer Club )NP , (PP of (NP West Germany )NP )PP , )NP (ADVP once )ADVP (VP managed (S (VP to (VP (VP *UNK (NP *UNKC )NP )VP and (VP do (NP (NP such things )NP (PP as (SBAR (S (VP change (NP (NP the value )NP (PP of (NP *UNK )NP )PP )NP , (S (VP *UNKING (PRT up )PRT (NP some calculations )NP )VP )S )VP )S )SBAR )PP )NP )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP It )NP )NP (VP is (ADVP now )ADVP (NP a *UNK )NP (SBAR that (S (NP prosecutors )NP (VP are (VP bringing (NP criminal *UNK )NP (PP in (NP (NP cases )NP (SBAR (WHADVP where )WHADVP (S (PP until (NP a few years ago )NP )PP (NP only a civil action )NP (ADVP at most )ADVP (VP would (VP have (VP been (VP brought )VP )VP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S Yet (NP (NP it )NP )NP (VP is (ADVP also )ADVP (ADJP *UNK )ADJP (SBAR that (S (NP the power (S (VP to (VP create (NP new crimes )NP )VP )VP )S )NP (VP belongs (PP (ADVP only )ADVP (PP to (NP the legislature )NP )PP , and not (PP to (NP courts )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (PP *UNKING (PP in (NP the early 19th century )NP )PP , (PP with (NP (NP U.S. )NP (PP *UNK (NP Hudson and *UNKC )NP )PP )NP )PP )PP , (NP the Supreme Court )NP (VP has (ADVP repeatedly )ADVP (VP held (SBAR that (S (NP a judicial power (S (VP to (VP *UNK (NP conduct )NP (S (VP to (VP be (UCP (PP against (NP the public interest )NP )PP and (ADVP hence )ADVP (ADJP criminal )ADJP )UCP )VP )VP )S )VP )VP )S )NP , (SBAR while (S (ADJP well established )ADJP (PP in (NP British law )NP )PP )S )SBAR , (VP would (VP *UNK (NP (NP legislative authority )NP (PP under (NP (NP the *UNK )NP (PP of (NP (NP *UNK )NP (PP of (NP powers )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP That )NP (VP 's (NP the conventional theory )NP (ADVP anyway )ADVP )VP . )S  STOP
(S (PP In (NP practice )NP )PP , (ADVP however )ADVP , (NP (NP the line )NP (PP between (NP (NP interpretation and *UNK )NP (PP of (NP the criminal law )NP )PP )NP )PP )NP (ADVP long ago )ADVP (VP began (S (VP to (VP *UNK )VP )VP )S )VP . )S  STOP
(S (PP In (NP particular )NP )PP , (NP (NP a common law )NP (PP of (NP white-collar crime )NP )PP )NP (VP has (VP developed (PP with (NP surprising *UNK )NP )PP (PP over (NP the past decade )NP )PP )VP )VP . )S  STOP
(S (PP For (NP example )NP )PP , (SBAR although (S (NP insider trading )NP (VP has (ADVP long )ADVP (VP been (ADJP criminal )ADJP )VP )VP )S )SBAR , (NP it )NP (VP has (ADVP never )ADVP (VP been (VP (ADVP *UNKLY )ADVP defined )VP )VP )VP . )S  STOP
(S (PP In (NP 1983 )NP )PP , (NP the Supreme Court )NP (VP tried (S (VP to (VP supply (NP a *UNK definition )NP (PP in (NP (NP the (NAC (NAC *UNKC )NAC (PP *UNK (NP SEC )NP )PP )NAC decision )NP , (SBAR (WHNP which )WHNP (S (VP found (SBAR that (S (NP liability )NP (VP *UNKED (PP on (SBAR (SBAR whether (S (NP the *UNK )NP (VP had (VP *UNKED (NP (NP his *UNK duty )NP (PP to (NP the corporation )NP )PP )NP (SBAR in order (S (VP to (VP obtain `` (NP some personal gain )NP )VP )VP )S )SBAR )VP )VP )S )SBAR '' and (SBAR whether (S (NP the *UNK )NP (VP (VP knew )VP or (VP (ADVP *UNKLY )ADVP *UNKED )VP (NP this fact )NP )VP )S )SBAR )SBAR )PP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )VP )S )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (ADVP however )ADVP , (NP (NP lower courts )NP and (NP prosecutors )NP )NP (VP have (VP pushed (NP this definition )NP (PP to (NP its breaking point )NP )PP )VP )VP . )S  STOP
(S (VP Consider (NP (NP the facts )NP (VP underlying (NP (NP the 1989 conviction )NP (PP of (NP Robert *UNKC )NP )PP )NP )VP )NP )VP . )S  STOP
(S (PP Prior (PP to (NP (NP a tender offer )NP (PP by (NP *UNKC )NP )PP (PP for (NP *UNKC Inc. )NP )PP (PP in (NP 1986 )NP )PP )NP )PP )PP , (NP (NP the founder )NP (PP of (NP (NP the *UNKC 's )NP supermarket chain )NP )PP )NP (VP called (NP an elderly relative )NP (S (VP to (VP tell (NP her )NP (S (VP to (VP *UNK (NP her stock certificates )NP (PP for (NP delivery )NP )PP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (NP She )NP (VP called (NP (NP her daughter )NP )NP (S (VP to (VP take (NP her )NP (PP to (NP the bank )NP )PP )VP )VP )S , (SBAR (WHNP who )WHNP , (S (PP in (NP turn )NP )PP , (VP persuaded (NP (NP her husband )NP , (NP a Mr. *UNKC )NP )NP , (S (VP to (VP run (NP this *UNK )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (S (VP *UNKING (PP of (NP this information )NP )PP )VP )S , (NP the husband )NP (VP discussed (NP it )NP (PP with (NP (NP his broker )NP , (NP Mr. *UNKC )NP )NP )PP )VP )S , and (S (NP Mr. *UNKC )NP (ADVP then )ADVP (VP bought (PP for (NP (NP his own account )NP and (NP other clients )NP )NP )PP )VP )S . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP Mr. *UNKC )NP (VP was (NP a *UNK- *UNK )NP )VP . )S  STOP
(SQ *UNKC (NP (NP Mr. *UNKC )NP , (NP his *UNK )NP )NP , (VP breach (NP a *UNK duty )NP (PRN -LRB- and , (SQ (SBAR if (FRAG (ADVP so )ADVP )FRAG )SBAR , (WHPP to (WHNP whom )WHNP )WHPP )SQ -RRB- )PRN )VP ? )SQ  STOP
(SQ *UNKC (NP Mr. *UNKC )NP (VP seek (NP personal gain )NP (PRN -LRB- and (FRAG (SBAR if (SBAR so )SBAR )SBAR , (WHADVP how )WHADVP )FRAG -RRB- )PRN )VP ? )SQ  STOP
(SQ Or did (NP Mr. *UNKC )NP (VP (ADVP only )ADVP hear (NP (NP a market rumor )NP (PRN -LRB- (SBAR (WHNP which )WHNP (S (NP one )NP (VP may (VP (ADVP *UNKLY )ADVP trade (PP upon )PP )VP )VP )S )SBAR -RRB- )PRN )NP )VP ? )SQ  STOP
(S (NP The line )NP (VP seems (ADJP *UNKLY thin )ADJP (PP for (NP *UNK- purposes )NP )PP )VP . )S  STOP
(S (NP A second illustration )NP (VP is (VP supplied (PP by (NP (NP the recent guilty plea )NP (VP entered (PP by (NP (NP Robert Freeman )NP , (ADVP formerly )ADVP (NP (NP head )NP (PP of (NP arbitrage )NP )PP (PP at (NP Goldman , Sachs & Co )NP )PP )NP )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP Mr. Freeman )NP (VP had (VP invested (ADVP heavily )ADVP (PP in (NP the Beatrice leveraged buy-out )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP he )NP (VP was (VP told (PP by (NP (NP another prominent trader )NP , (NP Bernard `` *UNKC '' *UNKC )NP , )NP )PP (SBAR that (S (NP the deal )NP (VP was (PP in (NP trouble )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP After (S (VP *UNKING (NP orders (S (VP to (VP sell )VP )VP )S )NP )VP )S )PP , (NP Mr. Freeman )NP (VP called (NP (NP Martin *UNKC )NP , (NP (NP an investment banker )NP (PP at (NP Kidder , Peabody & Co. )NP )PP )NP , (SBAR (WHNP who )WHNP (S (VP was (VP advising (PP on (NP the deal )NP )PP )VP )VP )S )SBAR )NP , (S (VP to (VP confirm (NP these rumors )NP )VP )VP )S )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP (VP asked (NP Mr. Freeman )NP (SBAR (WHNP who )WHNP (S (NP his source )NP (VP was )VP )S )SBAR )VP and , (VP (PP on (S (VP hearing (SBAR that (S (NP it )NP (VP was (NP *UNKC *UNKC )NP )VP )S )SBAR )VP )S )PP , responded : `` (SBAR (S (INTJ Well )INTJ , (NP your *UNK )NP (VP has (NP a good nose )NP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP (NP The illegal `` *UNK '' )NP (PP of (NP (NP the *UNK 's )NP good nose )NP )PP )NP (VP was (ADVP then )ADVP (ADVP largely )ADVP (NP (NP a confirmation )NP (PP of (NP (NP rumors )NP (VP (ADVP already )ADVP known (PP to (NP (NP many )NP (PP in (NP the market )NP )PP )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(S (SBAR (SINV Had (NP the case )NP (VP gone (PP to (NP trial )NP )PP )VP )SINV )SBAR (NP the same issues )NP (VP would (VP have (VP surfaced )VP )VP )VP : )S  STOP
(SQ *UNKC (NP there )NP (NP a *UNK breach )NP (SBAR in order (S (VP to (VP obtain (NP personal gain )NP )VP )VP )S )SBAR ? )SQ  STOP
(SQ *UNKC (NP Mr. Freeman )NP (VP have (NP (NP notice )NP (PP of (NP this )NP )PP )NP )VP ? )SQ  STOP
(SQ (ADVP Finally )ADVP , was (NP the information )NP (ADJP material )ADJP ? )SQ  STOP
(S (ADVP Yet )ADVP , (NP all these issues )NP (VP are (ADJP subsidiary (PP to (NP (NP a (ADJP more central )ADJP issue )NP : (SBARQ (SBARQ (WHNP Who )WHNP (SQ (VP is )VP )SQ )SBARQ and (SBARQ (WHNP who )WHNP (SQ (VP should (VP be )VP )VP )SQ )SBARQ (VP making (NP the criminal law )NP (ADVP here )ADVP )VP ? )SBARQ )NP )PP )ADJP )VP )S  STOP
(S (NP (NP It )NP )NP (VP is not (NP my *UNK )NP (SBAR that (S (NP either (NP (NP Mr. *UNKC )NP or (NP Mr. Freeman )NP )NP )NP (VP was (NP (NP an innocent victim )NP (PP of (NP prosecutorial *UNK )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP both )NP (VP were (PP on (NP notice (SBAR that (S (NP their behavior )NP (VP was (ADJP (ADVP at least )ADVP risky )ADJP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S But (SBAR even if (S (NP they )NP (VP *UNKED (ADVP *UNKLY )ADVP )VP )S )SBAR , (NP reasons )NP (ADVP still )ADVP (VP exist (S (VP to (VP fear and resist (NP (NP this steady process )NP (PP of (NP (NP *UNK- judicial extension )NP (PP of (NP (NP the law )NP (PP of (NP insider trading )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC and *UNK )NP (VP (VP make (NP decisions )NP (PP in (NP (ADJP very different )ADJP ways )NP )PP )VP and (VP are each (ADJP *UNK (PP to (NP (NP (ADJP very different )ADJP kinds )NP (PP of (NP errors )NP )PP )NP )PP )ADJP )VP )VP . )S  STOP
(S (NP (NP *UNKC judicial examination )NP (PP of (NP (NP an actor 's )NP conduct )NP )PP )NP (VP has (ADVP always )ADVP (VP been (NP (NP the common law 's )NP method )NP )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP only civil liability )NP (VP is (VP involved )VP )VP )S )SBAR , (NP this method )NP (VP has (NP (NP the *UNK *UNK )NP (PP of (NP (NP *UNK *UNK )NP and (NP (NP *UNK )NP (PP of (NP *UNK )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (ADVP Still )ADVP , (NP (NP *UNK- *UNK decision making )NP (PP of (NP this sort )NP )PP )NP (VP is (ADJP vulnerable (PP to (NP (NP the *UNK vision )NP (VP caused (PP by (NP (NP a *UNK )NP (PP on (NP (ADJP ad *UNK )ADJP (PRN -LRB- and (ADJP usually *UNK )ADJP -RRB- )PRN *UNK )NP )PP )NP )PP )VP )NP )PP )ADJP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP a court )NP (VP (VP decides (SBAR that (S (NP (NP a particular actor 's )NP conduct )NP (VP was (ADJP *UNK )ADJP )VP )S )SBAR )VP and (ADVP so )ADVP (VP *UNK (NP (NP the definition )NP (PP of (NP insider trading )NP )PP )NP (S (VP to (VP reach (NP this conduct )NP )VP )VP )S )VP )VP )S )SBAR , (NP it )NP (VP does not (VP see (NP (NP the (ADJP potentially enormous )ADJP number )NP (PP of (NP (NP other cases )NP (SBAR (WHNP that )WHNP (S (VP will (VP be (VP covered (PP by (NP the expanded rule )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (ADVP Thus )ADVP , (NP a court )NP (VP is (ADJP poorly positioned (S (VP to (VP make (NP (NP judgments )NP (PP about (NP (NP the social utility )NP (PP of (NP the expanded rule )NP )PP )NP )PP )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (PP For (NP example )NP )PP , (PP in (S (VP focusing (PP on (NP (NP Mr. Freeman 's )NP attempt (S (VP to (VP gain (NP (NP *UNK information )NP (PP about (NP (NP a deal 's )NP collapse )NP )PP )NP )VP )VP )S )NP )PP )VP )S )PP , (NP one )NP (VP does not (VP (ADVP naturally )ADVP think (PP about (NP (NP (NP the reverse side )NP (PP of (NP the *UNK )NP )PP )NP : (SBAR (WHNP What )WHNP if (S (NP the rumor )NP (VP had (VP been (ADJP false )ADJP )VP )VP )S )SBAR ? )NP )PP )VP )VP )S  STOP
(SQ Can (NP a security analyst )NP (VP call (NP an investment banker )NP (S (VP to (VP make (S (ADJP certain )ADJP (SBAR that (S (NP a (ADJP seemingly *UNK )ADJP rumor )NP (VP is (ADVP in fact )ADVP (ADJP false )ADJP )VP )S )SBAR )S )VP )VP )S )VP ? )SQ  STOP
(S (PP In (NP the past )NP )PP , not (ADVP only )ADVP (SINV would (NP reputable professionals )NP (VP have (VP rushed (S (VP to (VP check (PRT out )PRT (NP such rumors )NP (PP with (NP the company )NP )PP )VP )VP )S )VP )VP )SINV , but (S (NP (NP companies )NP (VP listed (PP on (NP the major stock exchanges )NP )PP )VP )NP (VP were (VP encouraged (PP by (NP the exchanges )NP )PP (S (VP to (VP respond (ADVP openly )ADVP (PP to (NP (NP such inquiries )NP (PP from (NP securities analysts )NP )PP )NP )PP )VP )VP )S )VP )VP )S . )S  STOP
(S (NP Today )NP , (PP after (NP (NP Mr. Freeman 's )NP plea )NP )PP , (NP there )NP (VP is (NP (NP an uncertainty )NP (SBAR (WHNP that )WHNP (S (VP is (ADJP both unfair and inefficient )ADJP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (NP this light )NP )PP , (NP (NP the *UNK advantages )NP (PP of (NP legislative *UNKING )NP )PP )NP (VP become (ADJP clear )ADJP : (S (S (LST -LRB- 1 -RRB- )LST (SBAR Before (S (NP it )NP (VP acts )VP )S )SBAR , (NP the legislature )NP (VP (ADVP typically )ADVP will (VP hear (NP (NP the views )NP (PP of (NP (NP representatives )NP (PP of (NP (NP (NP all those )NP (VP affected (PP by (NP its decision )NP )PP )VP )NP , not (NP (NP just the immediate parties )NP (PP before (NP the court )NP )PP )NP )NP )PP )NP )PP )NP )VP )VP )S ; and (S (LST -LRB- 2 -RRB- )LST (NP the legislature )NP (VP can (VP frame (NP (NP `` bright line '' standards )NP (SBAR (WHNP that )WHNP (S (VP create (NP (NP less uncertainty )NP (PP than (NP (NP the *UNK- decisions )NP (PP of (NP courts )NP )PP )NP )PP )NP )VP )S )SBAR )NP )VP )VP )S )S )VP . )S  STOP
(S (SBAR Although (S (NP legislative lines )NP (VP can (VP result (PP in (NP *UNK- )NP )PP (PRN -LRB- (SBAR (WHNP which )WHNP (S (VP explains (SBAR (WHADVP why )WHADVP (S (NP the SEC )NP (VP has (ADVP long )ADVP (VP resisted (NP (NP a legislative definition )NP (PP of (NP insider trading )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR -RRB- )PRN )VP )VP )S )SBAR , (NP judicial *UNKING )NP (ADVP inevitably )ADVP (VP creates (NP uncertainty )NP (PP because of (NP (NP the *UNK (NX (NX *UNK *UNK )NX and (NX implications )NX )NX )NP (PP of (NP most judicial decisions )NP )PP )NP )PP )VP . )S  STOP
(S (PP At (ADJP least )ADJP )PP (SBAR (WHADVP when )WHADVP (S (NP the stakes )NP (VP are (ADJP high )ADJP )VP )S )SBAR , (NP (NP uncertainty )NP (PP in (NP turn )NP )PP )NP (VP results (PP in (NP *UNK )NP )PP , (SBAR as (S (NP individuals )NP (VP do not (VP *UNK (S (VP to (VP approach (NP an uncertain line )NP (ADVP closely )ADVP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The federal mail and wire fraud *UNK )NP (VP provide (NP (NP (ADJP even better )ADJP *UNK )NP (PP of (NP (NP the rapid evolution )NP (PP of (NP (NP a federal common law )NP (PP of (NP white-collar crime )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP 1987 )NP )PP , (NP the Supreme Court )NP (VP attempted (PP in (NP (NP *UNKLY )NP (PP *UNK (NP U.S. )NP )PP )NP )PP (S (VP to (VP halt (NP (NP the *UNK expansion )NP (PP of (NP these *UNK )NP )PP )NP (PP by (S (VP adopting (NP (NP a rule )NP (PP of (NP strict construction )NP )PP (PP for (NP *UNK criminal *UNK )NP )PP )NP )VP )S )PP )VP )VP )S )VP . )S  STOP
(S (ADVP Yet )ADVP , (NP late last year )NP , (NP Congress )NP (VP (ADVP effectively )ADVP reversed (NP this decision )NP (PP by (S (VP *UNKING (NP (NP a *UNK- statute )NP (SBAR (WHNP that )WHNP (S (VP defined (NP fraud )NP (S (VP to (VP include (NP any scheme (S (VP to (VP *UNK (NP another )NP (PP of `` (NP (NP the *UNK right )NP (PP of (NP honest services )NP )PP )NP )PP )VP )VP )S )NP )VP )VP )S )VP )S )SBAR )NP )VP )S )PP )VP . '' )S  STOP
(S (PP At (NP a *UNK )NP )PP , (NP this )NP (VP may (VP *UNK (NP (NP all fiduciary *UNK )NP (PRN -LRB- and (ADVP possibly )ADVP (NP (NP all *UNK )NP (PP by (NP an agent or employee )NP )PP )NP -RRB- )PRN )NP )VP )VP . )S  STOP
(S (NP Such a statute )NP (VP illustrates (NP (NP the fundamental problem )NP : (S (NP Congress )NP (VP finds (SBAR (S (NP (NP it )NP )NP (VP is (ADJP (ADJP easier )ADJP )ADJP (S (VP to (VP pass (NP (NP (ADJP *UNKLY *UNK )ADJP *UNK )NP , (SBAR (WHNP which )WHNP (S (NP the courts )NP (VP must (ADVP thereafter )ADVP (VP interpret )VP )VP )S )SBAR , )NP )VP )VP )S (SBAR than (S (VP to (VP engage (PP in (NP (NP the difficult *UNKING *UNK )NP (SBAR (WHNP that )WHNP (S (VP are (ADVP *UNKLY )ADVP (NP its responsibility )NP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP )S )NP )VP . )S  STOP
(S (NP We )NP (VP are (VP *UNKED (ADVP (ADVP less )ADVP (PP with (NP a judicial power grab )NP )PP (PP than (PP with (NP a legislative *UNK )NP )PP )PP )ADVP )VP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (SBAR (WHADVP when )WHADVP (S (VP *UNKED (PP with (NP (ADJP *UNKLY dubious )ADJP behavior )NP )PP )VP )S )SBAR , (NP prosecutors )NP (VP will (VP exploit (NP (NP the *UNK )NP (SBAR (S (NP such *UNKED statutes )NP (VP give (NP them )NP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (PP Over (NP the long run )NP )PP , (ADVP however )ADVP , (NP *UNK cases )NP (VP will (VP make (NP bad law )NP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (NP (NP a professor )NP (PP at (NP Columbia Law School )NP )PP )NP )VP . )S  STOP
(S (NP Corning Inc. )NP (VP posted (NP (NP a (ADJP 38 % )ADJP decline )NP (PP in (NP third-quarter net income )NP )PP )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 80 cents )NP (NP a share )NP )NP )NP )PP , (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (ADVP (NP a year )NP earlier )ADVP )PP )VP . )S  STOP
(S (NP The year-earlier figure )NP (VP included (NP (NP a one-time gain )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (NP the sale )NP (PP of (NP (NP (NP Corning 's )NP stakes )NP (PP in (NP Japanese businesses )NP )PP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP Without (NP the gain )NP )PP , (NP operating profit )NP (VP was (NP (NP (QP $ 64 million )QP )NP , or (NP (NP 71 cents )NP (NP a share )NP )NP )NP )VP . )S  STOP
(S (NP The telecommunications , specialty glass , *UNK products and *UNK- concern )NP (VP said (SBAR (S (NP the latest quarter )NP (VP included (NP (NP a *UNK- *UNK- )NP (PP of (NP $ *UNKN )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP (NP A year )NP earlier )ADVP , (NP net )NP (VP included (NP a (ADJP $ *UNKN )ADJP *UNK *UNK- )NP )VP . )S  STOP
(S (NP Sales )NP (VP rose (NP 14 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP (NP (NP Corning 's )NP chairman and chief executive officer )NP , (NP James R. *UNKC )NP , )NP (VP said (SBAR (S (NP operating performance )NP (VP continued (S (VP to (VP be (ADJP strong )ADJP (PP in (NP the telecommunications and health and science segments )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S But (S (NP the *UNK- segment )NP (VP slowed (ADVP somewhat )ADVP )VP )S and (S (NP consumer products )NP (VP continued (PP below (NP expectations )NP )PP )VP )S . )S  STOP
(S (PP As (PP for (NP joint ventures )NP )PP )PP , (NP Mr. *UNKC )NP (VP said (SBAR (S (NP profit )NP (VP was `` (ADJP essentially flat )ADJP '' (PP due (ADVP primarily )ADVP to (NP (NP a slow recovery )NP (PP at (NP (NP *UNKING Co. )NP (PP in (NP Korea )NP )PP )NP )PP )NP )PP (PP following (NP (NP (NP a strike )NP (PP at (NP a major customer )NP )PP )NP and (NP (NP the disruption )NP (PP of (NP (NP shipments )NP (PP to (NP China )NP )PP )NP )PP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Also )ADVP , (NP profit )NP (VP was (VP hurt (PP by (NP (NP (NP the strength )NP (PP of (NP the dollar )NP )PP (ADVP overseas )ADVP )NP (SBAR (WHNP which )WHNP (S (VP (ADVP *UNKLY )ADVP affected (NP (NP the company 's )NP *UNK- rate )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP , (NP Corning )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP down (NP 75 cents )NP )ADVP )VP . )S  STOP
(S (NP (NP UAL )NP , (NP (NP the *UNK- stock )NP (SBAR (WHNP that )WHNP (S (VP exploded (NP (NP Friday 's )NP market *UNK )NP )VP )S )SBAR )NP , )NP (ADVP briefly )ADVP (VP *UNKED (NP traders )NP (ADVP again )ADVP (NP yesterday )NP )VP . )S  STOP
(S (PP Within (NP 10 minutes )NP )PP (PP after (NP (NP an *UNKN a.m. trading halt )NP (PP in (NP (NP UAL )NP , (NP (NP parent )NP (PP of (NP United Airlines )NP )PP )NP )NP )PP )NP )PP , (NP the Dow Jones Industrial Average )NP (VP plunged (NP (QP nearly 27 )QP points )NP (PP to (NP a *UNK- deficit )NP )PP )VP . )S  STOP
(S (S (NP *UNKED buying )NP (ADVP then )ADVP (VP kicked (PRT in )PRT )VP )S , and (S (NP the industrials )NP (VP regained (NP 27 points )NP (PP in (NP five minutes )NP )PP )VP )S . )S  STOP
(S (NP The *UNKING moves )NP (VP show (SBAR that (S (NP the stock market )NP (VP remains (ADJP fragile and volatile )ADJP (PRN -- (ADJP ready (S (VP to (VP jump )VP )VP )S (PP at (NP the *UNK rumor )NP )PP )ADJP -- )PRN (PP (NP a few days )NP after (NP its *UNKING *UNK- plunge )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC investors )NP (VP continued (S (VP to (VP limit (NP their buying )NP (PP to (NP blue-chip stocks )NP )PP )VP )VP )S (SBAR while (S (VP *UNKING (NP *UNKED issues )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The industrial average )NP (VP closed (ADVP down (NP *UNKN )NP )ADVP , (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP New York Stock Exchange volume )NP (VP was (NP a heavy *UNKN shares )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP on (NP the Big Board )NP )PP )NP (VP outnumbered (NP *UNK )NP , (ADVP *UNKN to *UNKN )ADVP )VP . )S  STOP
(S (NP UAL )NP (VP was (VP (VP watched (ADVP closely )ADVP )VP and (VP traded (ADVP heavily )ADVP )VP )VP )VP . )S  STOP
(S (NP The stock )NP (VP tumbled (NP (QP 24 7\/8 )QP )NP (PP to (NP *UNKN )NP )PP (PP on (NP (NP volume )NP (PP of (NP (QP 2.8 million )QP shares )NP )PP )NP )PP )VP . )S  STOP
(S (NP The market )NP (VP is (ADVP still )ADVP (ADJP very *UNK (PP about (NP (NP rumors )NP and (NP (NP news )NP (PP on (NP pending takeovers )NP )PP )NP )NP )PP )ADJP )VP . )S  STOP
(S (NP (NP UAL )NP , (SBAR (WHNP which )WHNP (S (VP is (VP trying (S (VP to (VP *UNK (NP (NP a buy-out bid )NP (SBAR (WHNP that )WHNP (S (NP banks )NP (VP would n't (VP finance )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )SBAR , )NP (VP represents (NP (NP the future )NP (PP of (NP (NP one )NP (PP of (NP (NP the (ADJP most powerful )ADJP *UNK )NP (PP in (NP the bull market )NP )PP )NP )PP - (NP corporate restructuring )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP An important element )NP (PP of (NP this phenomenon )NP )PP -- (NP (NP the *UNK- market )NP (PP for (NP (NP junk bonds )NP , (VP used (ADVP often )ADVP (S (VP to (VP finance (NP *UNK and takeovers )NP )VP )VP )S )VP )NP )PP )NP -- )NP (VP continued (S (VP to (VP cast (NP a *UNK )NP (PP over (NP stocks )NP )PP )VP )VP )S )VP . )S  STOP
(SINV `` (S (NP It )NP (VP was (NP a (ADJP very nervous )ADJP day )NP )VP )S , '' (VP said )VP (NP (NP John *UNKC )NP , (NP (NP partner )NP (PP of (NP the Big Board specialist firm *UNKC , *UNKC )NP )PP )NP )NP . )SINV  STOP
(S (NP The volatility )NP (VP wo n't (VP end (ADVP soon )ADVP )VP )VP . )S  STOP
(S (NP This Friday )NP (VP brings (NP (NP the `` double *UNKING hour )NP , '' (NP (NP (NP Wall Street 's )NP *UNK )NP (PP for (NP (NP the monthly *UNK expiration )NP (PP of (NP (NP a variety )NP (PP of (NP (NP stock index futures )NP , (NP index options )NP and (NP (NP options )NP (PP on (NP individual stocks )NP )PP )NP )NP )PP )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (NP Traders )NP (VP are (ADVP already )ADVP (VP *UNKING (NP their seat *UNK )NP )VP )VP . )S  STOP
(S (NP (NP *UNKC monthly *UNK )NP (PP of (NP (NP the Major Market Index futures )NP and (NP (NP Standard & Poor 's )NP *UNK- index options )NP )NP )PP )NP (VP have (VP produced (NP spectacular volatility )NP )VP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP are (PP in (NP (NP one )NP (PP of (NP (NP those *UNK )NP (SBAR (WHADVP where )WHADVP (S (NP you )NP (VP are (VP going (S (VP to (VP get (NP (NP a lot )NP (PP of (NP volatile expiration action )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP )PP )VP )S , '' (VP said )VP (NP (NP Donald *UNKC )NP , (NP (NP head )NP (PP of (NP stock-index research )NP )PP (PP at (NP Prudential-Bache Securities )NP )PP )NP )NP . )SINV  STOP
(S (S (NP Investors )NP (VP were (VP buying (NP yesterday )NP )VP )VP )S , but (S (NP they )NP (VP were (VP running (ADVP scared )ADVP (PP to (NP (NP premier blue chips )NP (PP such as (NP (NP Procter & Gamble )NP , (SBAR (WHNP which )WHNP (S (VP jumped (NP (QP 3 3\/8 )QP )NP (PP to (NP *UNKN )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S . )S  STOP
(SINV (S (NP Investors )NP `` (VP are (VP buying (NP (NP stocks )NP (SBAR (WHNP that )WHNP (S (VP have (NP predictable earnings )NP )VP )S )SBAR )NP )VP )VP )S , '' (VP said )VP (NP (NP Edward J. *UNKC )NP , (NP (NP head )NP (PP of (NP block trading )NP )PP (PP at (NP Kidder Peabody )NP )PP )NP )NP . )SINV  STOP
(S (PP Along (NP the way )NP )PP , (NP investors )NP (VP dumped (NP (NP takeover stocks )NP and (NP (NP shares )NP (PP of (NP (NP banks )NP (SBAR (WHNP that )WHNP (S (VP have (NP (NP *UNK- debt )NP and (NP risky real estate loans )NP )NP (PP on (NP their books )NP )PP )VP )S )SBAR )NP )PP )NP )NP )VP . )S  STOP
(SINV `` (S (NP These loans )NP (VP are (NP (NP more )NP (PP of (NP a focus )NP )PP (PP than (NP *UNK- debt )NP )PP )NP (ADVP now )ADVP )VP )S , '' (VP said )VP (NP (NP William *UNKC )NP , (NP (NP senior block trader )NP (PP at (NP Prudential-Bache Securities )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP Chase Manhattan )NP , (SBAR (WHNP which )WHNP (S (VP sold (NP (QP 14 million )QP additional shares )NP (PP at (NP (QP 40 1\/8 )QP )NP )PP (NP Monday )NP (PP through (NP (NP an underwriting group )NP (VP led (PP by (NP Goldman Sachs )NP )PP )VP )NP )PP )VP )S )SBAR , )NP (VP closed (ADVP down (NP 1\/8 )NP )ADVP (PP to (NP 40 )NP )PP )VP . )S  STOP
(S (S (NP Citicorp )NP (VP fell (NP 1\/2 )NP (PP to (NP 32 )NP )PP )VP )S , and (S (NP Manufacturers Hanover )NP (VP slipped (NP 3\/8 )NP (PP to (NP 40 1\/4 )NP )PP )VP )S . )S  STOP
(S (NP (NP Chase )NP and (NP (NP Citicorp 's )NP Citibank )NP )NP (VP are (VP involved (PP in (NP the UAL buy-out financing )NP )PP )VP )VP . )S  STOP
(S (NP Both (NP (NP Citicorp )NP and (NP Manufacturers Hanover )NP )NP )NP (VP reported (NP earnings )NP (NP yesterday )NP )VP . )S  STOP
(S (PP In (NP (NP the first hour )NP (PP of (NP trading )NP )PP )NP )PP , (NP (NP (QP about one million )QP shares )NP (NP a minute )NP )NP (VP changed (NP hands )NP (PP on (NP the Big Board )NP )PP (SBAR as (S (NP big stock-index arbitrage sell programs )NP (VP pushed (S (NP prices )NP (ADJP lower )ADJP )S )VP )S )SBAR )VP . )S  STOP
(S -LRB- (PP In (NP stock-index arbitrage )NP )PP , (NP traders )NP (VP buy or sell (NP (NP big baskets )NP (PP of (NP stocks )NP )PP )NP (PP against (NP (NP offsetting positions )NP (PP in (NP futures )NP )PP )NP )PP )VP . -RRB- )S  STOP
(S (NP Traders )NP (VP said (SBAR (S (NP (NP many )NP (PP of (NP the sell programs )NP )PP )NP (VP are (NP (NP positions )NP (VP being (VP established (ADVP ahead (PP of (NP (NP this Friday 's )NP expiration )NP )PP )ADVP )VP )VP )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Aside (PP from (NP computer-guided selling )NP )PP )ADVP , (NP airline stocks )NP (VP took (NP a beating )NP (ADVP as well )ADVP )VP . )S  STOP
(S (NP The Dow Jones Transportation Average )NP (VP fell (NP *UNKN )NP (S (VP to (VP close (PP at (NP *UNKN )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP AMR )NP , (NP (NP the parent )NP (PP of (NP American Airlines )NP )PP )NP , )NP (VP continued (S (VP to (VP retreat (PP in (NP (NP the wake )NP (PP of (NP (NP New York developer Donald Trump 's )NP decision (S (VP to (VP withdraw (NP his (ADJP $ *UNK- )ADJP takeover bid )NP )VP )VP )S )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The stock )NP (VP fell (NP (QP 3 1\/4 )QP )NP (PP to (NP 73 1\/4 )NP )PP (PP on (NP (QP 3.4 million )QP shares )NP )PP )VP . )S  STOP
(S (S (NP Delta Air Lines )NP (VP fell (NP (QP 1 7\/8 )QP )NP (PP to (NP 67 7\/8 )NP )PP )VP )S , (S (NP USAir Group )NP (VP dropped (NP 3\/4 )NP (PP to (NP 40 1\/4 )NP )PP )VP )S , (S (NP Southwest Airlines )NP (VP dipped (NP 1\/2 )NP (PP to (NP 25 )NP )PP )VP )S and (S (NP Alaska Air Group )NP (VP slid (NP 3\/8 )NP (PP to (NP 24 1\/4 )NP )PP )VP )S . )S  STOP
(S But (NP (NP Texas Air )NP , (NP (NP the owner )NP (PP of (NP (NP Continental )NP and (NP Eastern airlines )NP )NP )PP )NP , )NP (VP *UNKED (NP (NP the group 's )NP decline )NP (PP by (S (VP rising (NP 7\/8 )NP (PP to (NP (QP 14 5\/8 )QP )NP )PP (PP in (NP American Stock Exchange trading )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP Eastern )NP (VP said (SBAR (S (NP it )NP (VP is (ADJP ahead (PP of (NP schedule )NP )PP )ADJP (PP in (S (VP *UNKING (NP its operations )NP )VP )S )PP (PP after (S (VP filing (ADVP earlier (NP this year )NP )ADVP (PP for (NP (NP Chapter 11 bankruptcy protection )NP , (SBAR (WHPP from (WHNP which )WHNP )WHPP (S (NP it )NP (VP expects (S (VP to (VP emerge (NP early next year )NP )VP )VP )S )VP )S )SBAR )NP )PP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Philip Morris )NP , (NP (NP the (ADJP most active )ADJP Big Board issue )NP (PP for (NP the second consecutive session )NP )PP )NP )NP , (VP was (ADJP unchanged )ADJP (PP at (NP (NP 43 1\/4 )NP (PP on (NP (QP 3.9 million )QP shares )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP Other blue-chip consumer issues )NP (ADVP also )ADVP (VP fared (ADVP relatively well )ADVP )VP )S : (S (NP PepsiCo )NP (VP rose (NP (QP 1 3\/8 )QP )NP (PP to (NP (QP 58 1\/2 )QP )NP )PP )VP )S ; (S (NP Coca-Cola Co. )NP (VP was (ADJP unchanged )ADJP (PP at (NP 66 3\/4 )NP )PP )VP )S ; (S (NP (NP McDonald 's )NP )NP (ADVP also )ADVP (VP closed (ADJP unchanged )ADJP (PP at (NP (QP 30 1\/2 )QP )NP )PP )VP )S , and (S (NP Merck )NP (VP rose (NP 1\/2 )NP (PP to (NP (QP 75 1\/4 )QP )NP )PP )VP )S . )S  STOP
(S (NP *UNKC averages )NP (ADVP also )ADVP (VP fell )VP . )S  STOP
(S (S (NP Standard & Poor 's 500-stock index )NP (VP fell (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )VP )S , and (S (NP the New York Stock Exchange Composite Index )NP (VP fell (NP *UNKN )NP (PP to (NP *UNKN )NP )PP )VP )S . )S  STOP
(SINV (PP Among (NP (NP the *UNKED stocks )NP (SBAR (WHNP that )WHNP (S (VP sold off )VP (NP yesterday )NP )S )SBAR )NP )PP (VP were )VP (NP (NP Disney )NP , (SBAR (WHNP which )WHNP (S (VP closed (ADVP down (NP (QP 2 1\/8 )QP )NP )ADVP (PP to (NP (QP *UNKN 1\/4 )QP )NP )PP )VP )S )SBAR )NP . )SINV  STOP
(S (S (NP *UNKC Industries )NP (VP tumbled (NP 3\/8 )NP (PP to (NP (QP 22 7\/8 )QP )NP )PP )VP )S ; (S (NP *UNKC *UNKC )NP (VP fell (NP (QP 2 1\/2 )QP )NP (PP to (NP 92 )NP )PP )VP )S and (S (NP Holiday Corp. )NP (VP fell (NP (QP 2 1\/8 )QP )NP (PP to (NP (QP 69 7\/8 )QP )NP )PP )VP )S . )S  STOP
(S (PP Among (NP other blue chips )NP )PP , (NP Exxon )NP (VP gained (NP 1\/8 )NP (PP to (NP (QP 45 1\/2 )QP )NP )PP )VP . )S  STOP
(S (S (NP International Paper )NP (VP fell (NP (QP 1 3\/8 )QP )NP (PP to (NP (QP 51 1\/2 )QP )NP )PP )VP )S , (S (NP Union Carbide )NP (VP eased (NP 7\/8 )NP (PP to (NP 25 )NP )PP )VP )S , (S (NP Chevron )NP (VP gained (NP 1\/8 )NP (PP to (NP 64 )NP )PP )VP )S , and (S (NP Eastman Kodak )NP (VP closed (ADVP down (NP 3\/4 )NP )ADVP (PP to (NP (QP 44 1\/4 )QP )NP )PP )VP )S . )S  STOP
(S (NP (NP The only industry group )NP (SBAR (S (VP to (VP show (NP (NP a gain )NP (PP from (NP (NP (NP the industrial average 's )NP record high )NP (PP on (NP Oct. 9 )NP )PP )NP )PP )NP )VP )VP )S )SBAR )NP (VP is (NP restaurants )NP )VP . )S  STOP
(SINV (PP Among (NP the three *UNKING groups )NP )PP , (PP with (NP (NP declines )NP (PP of (NP (QP 10 % to 20 % )QP )NP )PP )NP )PP , (VP are )VP (NP (NP airlines )NP , (NP casinos )NP and (NP securities brokers )NP )NP . )SINV  STOP
(S (NP Trading )NP (ADVP also )ADVP (VP was (ADJP heavy )ADJP (PP in (NP the over-the-counter market )NP )PP )VP . )S  STOP
(S (NP The Nasdaq composite index )NP (VP closed (ADVP down (NP 1.05 )NP )ADVP (PP to (NP *UNKN )NP )PP (PP on (NP (NP volume )NP (PP of (NP (QP *UNKN million )QP shares )NP )PP )NP )PP )VP . )S  STOP
(SINV `` (S (NP The environment )NP (VP is (ADJP (NP a lot )NP more *UNKED )ADJP )VP )S , '' (VP said )VP (NP (NP Gary *UNKC )NP , (NP (NP manager )NP (PP of (NP equity trading )NP )PP (PP at (NP (NP the OTC stock firm Needham & Co. )NP (PP in (NP New York )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (SBAR Because (S (NP there )NP (VP is (NP (ADJP (NP a lot )NP more )ADJP volatility )NP (ADVP now )ADVP )VP )S )SBAR , (SBAR if (S (NP guys )NP (VP see (SBAR that (S (NP they )NP (VP can (VP make (NP a quick (ADJP (QP 10 % or 15 % )QP )ADJP profit )NP )VP )VP )S )SBAR )VP )S )SBAR , (NP they )NP (VP 'll (VP take (NP it )NP )VP )VP . '' )S  STOP
(S (NP Compaq Computer )NP (VP gained (NP (QP 2 1\/8 )QP )NP (PP to (NP (QP 103 3\/4 )QP )NP )PP (PP on (NP two million shares )NP )PP , (S (VP reflecting (NP (NP market optimism )NP (PP about (NP (NP the prospects )NP (PP for (NP its (ADJP newly introduced )ADJP *UNKED computer )NP )PP )NP )PP )NP )VP )S )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP dropped (NP (QP 1 3\/8 )QP )NP (PP to (NP 49 1\/8 )NP )PP )VP . )S  STOP
(S (NP (NP The company 's )NP third-quarter earnings )NP (VP were (PP below (NP both (NP (NP (NP analysts ' )NP forecasts )NP and (NP the year-earlier level )NP )NP )NP )PP )VP . )S  STOP
(S (NP Blue *UNKC )NP (VP added (NP 1\/2 )NP (PP to (NP 17 1\/4 )NP )PP )VP . )S  STOP
(S (NP The British company )NP (VP plans (S (VP to (VP (VP change (NP its name )NP (PP to (NP (NP *UNKC )NP , (NP (NP the name )NP (PP of (NP its U.S. unit )NP )PP )NP )NP )PP )VP , and (VP write (PRT off )PRT (NP (NP part )NP (PP of (NP (NP (QP nearly $ 1.2 billion )QP )NP (PP in (NP good will )NP )PP )NP )PP )NP (PP as (NP (NP a possible prelude )NP (PP to (S (VP *UNKING (PP in (NP the U.S. )NP )PP )VP )S )PP )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (VP rose (NP 5\/8 )NP (PP to (NP (QP 16 1\/8 )QP )NP )PP )VP . )S  STOP
(S (NP Shearson Lehman Hutton )NP (VP began (NP (NP its coverage )NP (PP of (NP the company )NP )PP )NP (PP with (NP favorable ratings )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP jumped (NP (QP 2 1\/4 )QP )NP (PP to (NP (QP 56 7\/8 )QP )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP reported (SBAR that (S (NP (NP earnings )NP (PP from (NP operations )NP )PP (PP for (NP the September quarter )NP )PP )NP (VP were (ADVP up (NP (QP about 25 )QP % )NP (PP from (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Bay Financial )NP , (SBAR (WHNP which )WHNP (S (VP said (SBAR (S (NP it )NP (VP may (VP be (VP forced (S (VP to (VP file (PP under (NP Chapter 11 )NP )PP (SBAR if (S (NP it )NP (VP ca n't (VP reach (NP (NP an agreement )NP (PP with (NP its lenders )NP )PP (S (VP to (VP relieve (NP its debt burden )NP )VP )VP )S )NP )VP )VP )S )SBAR )VP )VP )S )VP )VP )VP )S )SBAR )VP )S )SBAR , )NP (VP plunged (NP (QP 1 3\/8 )QP )NP (PP to (NP (QP 2 1\/8 )QP )NP )PP )VP . )S  STOP
(S (NP The Amex Market Value Index )NP (VP fell (NP 1.25 )NP (PP to (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP Volume )NP (VP totaled (NP *UNKN shares )NP )VP . )S  STOP
(S (PP Among (NP active Amex issues )NP )PP , (NP (NP the American depositary receipts )NP (PP of (NP B.A.T Industries )NP )PP )NP (VP fell (NP 1\/4 )NP (PP to (NP 11 3\/4 )NP )PP (PP on (NP (NP turnover )NP (PP of (NP *UNKN )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Investment bankers )NP and (NP retailers )NP )NP (VP said (SBAR (S (NP (NP the turmoil )NP (PP on (NP Wall Street )NP )PP )NP (VP may (VP benefit (NP (NP managers )NP (SBAR (WHNP who )WHNP (S (VP plan (S (VP to (VP bid (PP for (NP (NP U.S. retailing units )NP (PP of (NP the British firm )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )NP (SBAR because (S (NP takeover prices )NP (VP may not (VP be (ADJP as high (PP as (FRAG (PP before (NP the recent correction )NP )PP )FRAG )PP )ADJP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP the *UNKC )NP )PP )NP (VP slipped (NP 1\/8 )NP (PP to (NP (QP 12 3\/8 )QP )NP )PP (PP on (NP *UNKN shares )NP )PP )VP . )S  STOP
(S (NP *UNKC Corp. )NP (VP jumped (NP (QP 1 1\/4 )QP )NP (PP to (NP 15 )NP )PP (PP on (NP *UNKN shares )NP )PP )VP . )S  STOP
(S (NP Carnival *UNKC Lines Class A )NP (VP dropped (NP 1 )NP (PP to (NP (QP 21 1\/8 )QP )NP )PP (PP on (NP *UNKN shares )NP )PP )VP . )S  STOP
(S (NP (NP Amex issues )NP (PP with (NP big percentage price gains )NP )PP )NP (VP included (NP (NP two Eastern Air Lines preferred stocks )NP , (S (VP reacting (PP to (NP (NP the news )NP (PP about (NP (NP improved recovery )NP (PP in (NP flight schedules )NP )PP (SBAR after (S (NP the company )NP (VP filed (PP for (NP bankruptcy protection )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP )S )NP )VP . )S  STOP
(S (S (NP (NP Eastern 's )NP Class *UNK preferred )NP (VP rose (NP (NP 12 % )NP , or (NP (QP 1 1\/4 )QP )NP , )NP (PP to (NP (QP 11 3\/4 )QP )NP )PP )VP )S ; (S (NP the Class *UNK preferred )NP (VP gained (NP (NP 7 % )NP , or (NP 5\/8 )NP , )NP (PP to (NP (QP 10 1\/4 )QP )NP )PP )VP )S . )S  STOP
(S (NP (NP The biggest percentage *UNK )NP (PP on (NP the Amex )NP )PP )NP (VP was (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP jumped (NP (NP 23 % )NP , or (NP 5\/8 )NP , )NP (PP to (NP 3 3\/8 )NP )PP (PP on (NP (NP volume )NP (PP of (NP *UNKN shares )NP )PP )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP On (NP Monday )NP )PP , (NP (NP the company )NP , (NP (NP a provider )NP (PP of (NP environmental consulting services )NP )PP )NP , )NP (VP (VP reported (NP a wider fiscal fourth-quarter loss )NP )VP and (VP predicted (NP (NP a loss )NP (PP for (NP its fiscal 1990 first quarter )NP )PP )NP )VP , but (VP said (SBAR (S (NP a profit )NP (VP is (VP expected (PP for (NP (NP all )NP (PP of (NP fiscal 1990 )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S But (NP (NP its *UNK )NP , (NP Ernst & Young )NP , )NP (VP said (SBAR (S (NP (NP Enviropact 's )NP financial situation )NP (VP raises `` (NP (NP substantial doubt )NP (PP about (NP its ability (S (VP to (VP continue (PP as (NP a going concern )NP )PP )VP )VP )S )NP )PP )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP *UNKC *UNKC Partners )NP (VP advanced (NP (NP 8 % )NP , or (NP (QP 1 3\/8 )QP )NP )NP , (PP to (NP (QP 18 7\/8 )QP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP and (NP David Wilson )NP )NP (VP contributed (PP to (NP this article )NP )PP )VP . )S  STOP
(S (NP *UNKC *UNKC *UNKC Inc. )NP (VP declared (NP (NP a dividend )NP (PP of (NP (NP 40 cents )NP (NP a share )NP )NP )PP (PP on (NP its (ADJP $ *UNKN )ADJP cumulative convertible preferred stock )NP )PP , (ADJP payable (NP Jan. 2 )NP (PP to (NP (NP stock )NP (PP of (NP record )NP )PP (NP Dec. 8 )NP )NP )PP )ADJP )NP )VP . )S  STOP
(S But (NP (NP directors )NP (PP of (NP the (NAC Great *UNKC , N.Y. , )NAC real estate investment trust )NP )PP )NP (VP did n't (VP act (PP on (NP the common stock dividend )NP )PP )VP )VP . )S  STOP
(S And (NP they )NP (VP wo n't (VP consider (NP such a dividend )NP )VP )VP (PRN , (S (NP the trust )NP (VP added )VP )S , )PRN (SBAR before (S (NP (NP results )NP )NP (VP are (ADJP available )ADJP (PP for (NP (NP the first quarter )NP (PP of (NP 1990 )NP )PP )NP )PP )VP )S )SBAR . )S  STOP
(S (PP In (NP part )NP )PP , (NP the trust )NP (VP cited (NP the need (S (VP to (VP retain (NP cash )NP (PP for (NP possible acquisitions )NP )PP )VP )VP )S )NP )VP . )S  STOP
(S (PP According (PP to (NP a spokesman )NP )PP )PP , (NP One *UNKC )NP (VP will (VP have (VP paid (PRT out )PRT (PP as (NP dividends )NP )PP (NP (NP the required amount )NP (PP of (NP its taxable income )NP )PP )NP (S (VP to (VP maintain (NP (NP its legal status )NP (PP as (NP a real estate investment trust )NP )PP )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP Banks )NP (VP are (VP continuing (S (VP to (VP go (PP after (NP individual investors )NP )PP )VP )VP )S , (PP despite (NP falling interest rates )NP )PP )VP )VP . )S  STOP
(S (NP (NP Yields )NP (PP on (NP (NP *UNK- certificates )NP (PP of (NP deposit )NP )PP )NP )PP )NP (VP fell (PP at (NP (NP (QP about half )QP the rate )NP (PP of (NP so-called *UNK CDs )NP )PP )NP )PP (NP this week )NP , (PP according (PP to (NP (NP Banxquote Money Markets )NP , (NP (NP an information service )NP (VP based (ADVP here )ADVP )VP )NP )NP )PP )PP )VP . )S  STOP
(S (NP Investors )NP (VP can (VP get (NP (NP (NP (ADJP slightly higher )ADJP yields )NP (PP on (NP (NP deposits )NP (PP below (NP $ 50,000 )NP )PP )NP )PP )NP (SBAR than (S (NP they )NP (VP can (VP (PP on (NP (NP deposits )NP (PP of (NP $ *UNKN (QP and up )QP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(SINV `` (S (NP Banks )NP (VP want (S (VP to (VP remain (ADJP competitive )ADJP )VP )VP )S )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP chairman )NP (PP of (NP Banxquote )NP )PP )NP )NP . )SINV  STOP
(S `` (S (NP October )NP (VP is (NP a big *UNK month )NP )VP )S and (S (ADVP perhaps )ADVP (NP they )NP (VP anticipate (NP (NP greater demand ... )NP (PP among (NP (NP people )NP (VP leaving (NP the stock market )NP )VP )NP )PP )NP )VP )S . '' )S  STOP
(S (NP Some bankers )NP (VP are (VP reporting (NP (NP (NP more inquiries )NP )NP (PP than (ADJP usual )ADJP )PP (PP about (NP CDs )NP )PP )NP (PP since (NP Friday )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP (NP Reports )NP (PP from (NP branches )NP )PP )NP (VP are (SBAR that (S (NP there )NP (VP has (VP been (NP greater interest )NP (PP in (NP (NP the last day )NP or (ADVP so )ADVP )NP )PP )VP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP Steven *UNKC )NP , (NP (NP a vice president )NP (PP at (NP (NP Chemical Bank )NP (PP in (NP New York )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP Chemical )NP (VP said (SBAR (S (S (NP deposits )NP (NP Monday )NP (VP were (ADJP (ADJP (NP (QP about $ 5 million )QP )NP higher )ADJP (PP than (ADJP usual )ADJP )PP )ADJP )VP )S and (S (NP it )NP (VP expects (NP more activity )NP (SBAR as (S (NP investors )NP (VP receive (NP the proceeds )NP (PP from (NP (NP sales )NP (PP of (NP stock )NP )PP )NP )PP )VP )S )SBAR )VP )S )S )SBAR )VP . )S  STOP
(S `` (NP This )NP (VP is (NP (NP no time )NP (SBAR (S (VP to (VP be (VP playing (PP in (NP the street )NP )PP )VP )VP )VP )S )SBAR )NP )VP ... )S  STOP
(SINV (S (NP the Dow )NP (VP has (NP (NP more *UNK and *UNK )NP (PP than (NP an *UNK )NP )PP )NP )VP )S , '' (VP proclaimed )VP (NP (NP an *UNK )NP (NP Monday )NP (PP in (NP New York newspapers )NP )PP )NP , (S (VP touting (NP (NP Lincoln Savings Bank 's )NP one-year CD )NP )VP )S . )SINV  STOP
(S (NP (NP Harold Jones )NP , (NP (NP Lincoln 's )NP chief retail banking officer )NP , )NP (VP said (SBAR (S (NP there )NP (VP has n't (ADVP yet )ADVP (VP been `` (NP a *UNK response )NP , '' (SBAR although (S (NP the ad )NP (VP included (NP (NP a coupon )NP (SBAR (WHNP that )WHNP (S (VP could (VP arrive (ADVP later (PP in (NP the week )NP )PP )ADVP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Friday 's )NP market *UNK )NP (VP came (PP (ADVP *UNK )ADVP in (NP (NP the middle )NP (PP of (NP (NP the *UNK month )NP (PP for (NP CD *UNK )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP (NP a number )NP (PP of (NP banks and thrifts )NP )PP )NP (ADVP already )ADVP (VP have (S (NP promotions )NP (PP under (NP way )NP )PP )S )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP First National Bank )NP (PP of (NP Boston )NP )PP )NP , (PP for (NP example )NP )PP , (VP is (VP offering (NP certain new *UNK )NP (NP (NP an extra quarter )NP (PP of (NP a percentage point )NP )PP )NP (PP on (NP six-month and 12-month CDs )NP )PP )VP )VP . )S  STOP
(S (NP Some banks )NP (ADVP actually )ADVP (VP boosted (NP (NP yields )NP (PP on (NP the *UNK term CDs )NP )PP )NP (PP in (NP the latest week )NP )PP )VP . )S  STOP
(S (NP (NP New York 's )NP Citibank )NP , (PP for (NP instance )NP )PP , (VP increased (NP (NP the yield )NP (PP on (NP *UNK- three-month CDs )NP )PP )NP (PP to (NP 8 % )NP )PP (PP from (NP 7.9 % )NP )PP )VP . )S  STOP
(S (PP On (NP average )NP )PP , (ADVP however )ADVP , (NP (NP three-month CDs )NP (PP at (NP major banks )NP )PP )NP (VP are (VP yielding (ADJP (ADJP (NP (NP a *UNK )NP (PP of (NP a percentage point )NP )PP )NP less )ADJP (SBAR than (S (NP they )NP (VP were (VP (ADVP (NP a week )NP ago )ADVP )VP )VP )S )SBAR )ADJP )VP )VP . )S  STOP
(S (NP (NP Average yields )NP (PP on (NP (NP CDs )NP (VP aimed (PP at (NP individual investors )NP )PP )VP )NP )PP )NP (VP fell (ADJP (ADJP less )ADJP (PP than (NP (NP (QP half as much )QP )NP (PP as (NP (NP yields )NP (PP on (NP (NP Treasury bills )NP (VP sold (PP at (NP (NP Monday 's )NP auction )NP )PP )VP )NP )PP )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (NP (NP *UNKC CDs )NP (PP of (NP (NP $ 50,000 )NP (QP and less )QP )NP )PP )NP (VP *UNKED (NP an average 8.02 % )NP (PP in (NP (NP the week )NP (VP ended (NP Tuesday )NP )VP )NP )PP , (ADVP down (PP from (NP *UNKN % )NP )PP )ADVP , (PP according (PP to (NP Banxquote )NP )PP )PP )VP . )S  STOP
(S (NP (NP The yield )NP (PP on (NP six-month *UNKC )NP )PP )NP (VP fell (PP to (NP *UNKN % )NP )PP (PP on (NP Monday )NP )PP , (PP from (NP *UNKN % )NP (NP (NP the week )NP (ADVP before )ADVP )NP )PP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP the average yield )NP (PP on (NP (NP six-month CDs )NP (PP of (NP (QP more than $ *UNKN )QP )NP )PP )NP )PP )NP (VP fell (PP to (NP 7.93 % )NP )PP (PP in (NP the latest week )NP )PP , (PP according (PP to (NP Banxquote )NP )PP )PP , (PP from (NP *UNKN % )NP (NP (NP the week )NP (ADVP before )ADVP )NP )PP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP noted (SBAR that (S (S (NP actual rates )NP (VP are (ADJP almost *UNK )ADJP (PP on (NP small and *UNK- CDs )NP )PP )VP )S , but (S (NP (NP yields )NP (PP on (NP (NP CDs )NP (VP aimed (PP at (NP the individual investor )NP )PP )VP )NP )PP )NP (VP are (VP boosted (PP by (NP (ADJP more frequent )ADJP *UNKING )NP )PP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (NP (NP CDs )NP (VP sold (PP by (NP (NP major brokerage houses )NP , (SBAR (WHNP which )WHNP (S (PP like (NP jumbo CDs )NP )PP (VP tend (S (VP to (VP (ADVP closely )ADVP follow (NP interest rate trends )NP )VP )VP )S )VP )S )SBAR , )NP )PP )VP )NP (ADVP also )ADVP (VP posted (NP (NP larger drops )NP (PP in (NP yields )NP )PP )NP )VP . )S  STOP
(S (NP A six-month , *UNK- CD )NP , (PP for (NP example )NP )PP , (VP was (VP yielding (NP (NP an average 8.09 % )NP )NP (PP in (NP the latest week )NP )PP , (ADJP (ADJP (NP (NP a fifth )NP (PP of (NP a percentage point )NP )PP )NP lower )ADJP (PP than (NP (NP the week )NP (ADVP before )ADVP )NP )PP )ADJP )VP )VP . )S  STOP
(S (PP In (NP (NP late April )NP , (SBAR (WHADVP when )WHADVP (S (NP interest rates )NP (VP were (PP at (NP their recent highs )NP )PP )VP )S )SBAR , )NP )PP (NP (NP short-term CDs )NP (VP sold (PP by (NP brokers )NP )PP )VP )NP (VP were (VP offering (NP (NP yields )NP (ADJP (ADJP (NP (NP (QP half )QP a percentage point )NP (QP or more )QP )NP higher )ADJP (PP than (NP banks )NP )PP )ADJP )NP )VP )VP . )S  STOP
(S (NP CD yields )NP (VP are (ADVP generally )ADVP (VP expected (S (VP to (VP fall (ADVP further )ADVP )VP )VP (PP in (NP coming weeks )NP )PP )S )VP )VP . )S  STOP
(SINV `` (S (NP (SBAR (WHNP What )WHNP (S (VP happened (PP in (NP the stock market )NP )PP )VP )S )SBAR and (NP (NP the bigger trade deficit )NP '' (VP reported (NP yesterday )NP )VP `` )NP )NP (VP make (S (NP (NP it )NP )NP (ADJP unlikely )ADJP (SBAR that (S (NP short-term interest rates )NP (VP will (VP rise '' (NP (NP any time )NP (ADVP soon )ADVP )NP )VP )VP )S )SBAR )S )VP )S , (VP said )VP (NP (NP Mr. Mehl )NP (PP of (NP Banxquote )NP )PP )NP . )SINV  STOP
(SINV `` (S (PP (ADVP Even )ADVP before (NP the market drop )NP )PP , (NP rates )NP (VP were (ADVP down (NP (ADVP about half )ADVP a percentage point )NP )ADVP )VP )S , '' (VP said )VP (NP (NP Robert J. Hutchinson )NP , (NP (NP senior vice president )NP (PP for (NP retail marketing )NP )PP (PP at (NP (NP Manufacturers Hanover Trust Co. )NP (PP in (NP New York )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP That )NP (VP puts (NP pressure )NP (PP on (NP CD rates )NP )PP )VP . )S  STOP
(S (NP Conservatives )NP (VP have (NP (NP an important decision )NP (SBAR (S (VP to (VP make (NP this fall )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP At (NP (NP the recent meetings )NP (PP of (NP the World Bank and International Monetary Fund )NP )PP )NP )PP , (NP the Bush administration )NP (VP announced (NP its intention (S (VP to (VP decide (PP by (NP *UNK )NP )PP (NP (NP the size )NP (PP of (NP (NP the next increase )NP (PP in (NP (NP the IMF 's )NP capital base )NP )PP )NP )PP )NP )VP )VP )S )NP )VP . )S  STOP
(S (SBAR While (S (NP (NP the U.S. share )NP (PP of (NP the increase )NP )PP )NP (ADVP probably )ADVP (VP will not (VP reach (NP (NP (NP the (QP $ 12 billion )QP )NP (QP or more )QP )NP (ADJP *UNK (PP in (NP (NP (NP the IMF 's )NP request )NP (PP for (NP (NP a doubling )NP (PP of (NP its (ADJP (QP $ 90 billion )QP )ADJP capital )NP )PP )NP )PP )NP )PP )ADJP )NP )VP )VP )S )SBAR , (NP the administration )NP (ADVP probably )ADVP (VP will (VP agree (PP to (NP a *UNK- increase )NP )PP )VP )VP . )S  STOP
(S (NP This )NP (VP would (VP be (ADJP consistent (PP (PP with (NP (NP its *UNKING support )NP (PP for (NP (NP the Brady Plan )NP and (NP *UNKC exchange-rate intervention )NP )NP )PP )NP )PP , and (PP with (NP (NP its financial commitment )NP (PP to (NP Mexico , Poland and others )NP )PP )NP )PP )PP )ADJP )VP )VP . )S  STOP
(S (NP The IMF )NP (VP has (NP (NP several reasons )NP (PP for (S (VP *UNKING (NP the increase )NP )VP )S )PP )NP )VP . )S  STOP
(S (NP (NP Its role )NP (PP in (NP (NP the economies )NP (PP of (NP developing countries )NP )PP )NP )PP )NP (VP has (VP grown (ADVP steadily )ADVP (PP since (NP the 1970s )NP )PP )VP )VP . )S  STOP
(S (NP (NP The size and pace )NP (PP of (NP *UNK )NP )PP )NP (VP will (VP accelerate (ADVP further )ADVP (PP under (NP (NP the Brady Plan )NP , (SBAR (WHNP which )WHNP (S (VP promises (NP (ADJP larger and earlier )ADJP *UNK )NP (PP to (NP approved countries )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (QP At least three )QP other factors )NP (VP have (VP encouraged (S (NP the IMF )NP (VP to (VP insist (PP on (NP increased capital )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (LST First )LST , (NP it )NP (VP argues (SBAR that (S (NP its capital base )NP (VP must (VP be (VP increased (SBAR (PP in (NP order )NP )PP (S (VP to (VP maintain (NP (NP its size )NP (ADJP relative (PP to (NP (NP world financial markets )NP , (SBAR (WHPP for (WHNP which )WHNP )WHPP (S (NP it )NP (VP feels (NP some responsibility )NP )VP )S )SBAR )NP )PP )ADJP )NP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (LST Second )LST , (NP (NP (NP the World Bank 's )NP recent (ADJP (QP $ 75 billion )QP )ADJP capital increase )NP (PRN -- (NP (NP (QP $ 14 billion )QP )NP (PP from (NP the U.S. )NP )PP )NP -- )PRN )NP (VP has (VP left (NP the IMF )NP (S (VP feeling (ADJP less (PP than (NP (NP first *UNK )NP (PP among (NP international financial institutions )NP )PP )NP )PP )ADJP )VP )S )VP )VP . )S  STOP
(S (LST Third )LST , (NP the IMF )NP (VP would (VP like (S (VP to (VP meet (NP (NP (NP Japan 's )NP request )NP (PP for (NP (NP increased ownership )NP (PRN -LRB- (NP currently 4.5 % )NP -RRB- )PRN )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Japan )NP (VP (VP has (VP supported (NP (NP a larger role )NP (PP for (NP the IMF )NP )PP (PP in (NP *UNK- debt issues )NP )PP )NP )VP )VP , and (VP (VP is (NP (NP an important financial *UNK )NP (PP for (NP (NP *UNKED programs )NP (PP in (NP developing countries )NP )PP )NP )PP )NP )VP )VP )VP . )S  STOP
(S (SBAR While (S (NP international politics )NP (VP may (VP argue (PP for (NP the capital increase )NP )PP )VP )VP )S )SBAR , (NP there )NP (VP is (NP (NP a clear economic case )NP (PP against (NP it )NP )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP the increase )NP )PP )NP (VP argue (SBAR that (S (NP the IMF )NP (VP practices (NP central planning )NP (SBAR while (S (VP supporting (NP *UNK governments )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP question (SBAR whether (S (NP the IMF )NP (VP has (NP (NP any role )NP (PP in (NP developing countries )NP )PP )NP , (PP given (NP its original mandate (S (VP to (VP assist (NP industrial countries )NP (PP in (NP *UNK- *UNK )NP )PP )VP )VP )S )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP show (SBAR that (S (NP there )NP (VP are (ADVP already )ADVP (NP (NP (NP more funds )NP (ADJP available )ADJP )NP (PP than (NP *UNK reform efforts )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP worry (SBAR that (S (NP (NP new IMF funding )NP (PP of (NP developing countries )NP )PP )NP (VP (VP will (ADVP simply )ADVP (VP end (PRT up )PRT (S (VP *UNKING (NP IMF debt )NP (PP for (NP *UNK commercial bank debt )NP )PP )VP )S )VP , )VP (NP (NP a bad trade )NP (ADVP all around )ADVP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP believe (SBAR (S (NP (NP *UNK )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP (NP the problems )NP (PP of (NP (NP markets )NP , (NP investment climate )NP and (NP management practices )NP )NP )PP )NP )VP )S )SBAR , )NP (VP is (NP (NP (NP the key )NP (PP to (NP *UNK- growth )NP )PP )NP , not (NP (NP (NP the IMF 's )NP *UNKC focus )NP (PP on (NP (NP trade deficits )NP , (NP quarterly targets )NP and (NP government debt )NP )NP )PP )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP point (PP at (NP (NP the numerous *UNK- governments )NP (SBAR (WHNP that )WHNP (S (VP have (VP inflated , *UNKED and regulated (NP themselves )NP (PP into (NP *UNK )NP )PP (PP under (NP *UNK IMF programs )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP on (NP (NP increases )NP (PP in (NP (NP the IMF 's )NP capital base )NP )PP )NP )PP )NP (ADVP traditionally )ADVP (VP are (VP made (PP by (NP the administration )NP )PP , (PP with (NP (NP subsequent )NP authorization (PP by (NP Congress )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The last U.S. congressional authorization )NP , (PP in (NP 1983 )NP )PP , )NP (VP (VP was (NP a political *UNK )NP )VP and (VP carried (NP a (ADJP (QP $ 6 billion )QP )ADJP housing program )NP (ADVP along (PP with (NP it )NP )PP )ADVP (S (VP to (VP secure (NP adequate votes )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The politics )NP (PP of (NP the 1990 congressional authorization )NP )PP )NP (VP are (ADJP likely (S (VP to (VP be (ADJP similar (PP to (NP (NP those )NP (PP of (NP previous *UNK )NP )PP )NP )PP )ADJP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP *UNKC )NP (VP may (VP support (NP (NP the stabilizing , *UNK- role )NP (PP of (NP the IMF )NP )PP )NP (PP on (NP (NP two conditions )NP : (SBAR (SBAR that (S (NP the administration )NP (VP give (NP assurances (SBAR that (S (NP (NP liberal Democrats ' )NP support )NP (VP will not (VP be (VP used (PP against (NP them )NP )PP (PP in (NP congressional *UNK- campaigns )NP )PP )VP )VP )VP )S )SBAR )NP )VP )S )SBAR ; and (SBAR that (S (NP the legislation )NP (VP address (PRN -- (PP with (NP dollars )NP )PP -- )PRN (NP (ADJP social and environmental )ADJP concerns )NP )VP )S )SBAR )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP Conservative Republicans )NP (VP will (VP be (VP given (NP (NP the choice )NP (PP of (S (VP supporting or fighting (NP (NP their party 's )NP popular president )NP (PP in (NP an election year )NP )PP )VP )S )PP )NP )VP )VP )VP . )S  STOP
(S (NP A U.S. decision (S (VP to (VP (VP refuse (NP the IMF )NP (NP its capital increase )NP )VP , or (VP limit (NP it )NP (PP to (NP 25 % )NP )PP )VP , )VP )VP )S )NP (VP (VP would (VP bring (NP (NP a major change )NP (PP in (NP international economic policy )NP )PP )NP )VP )VP , and (VP could not (VP be (VP taken (ADVP *UNKLY )ADVP )VP )VP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP would (VP *UNK (PP over (NP (NP the implications )NP (PP for (NP (NP the *UNKC *UNK process )NP and (NP (NP the stability )NP (PP of (NP world financial markets )NP )PP )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (SBAR Because (S (NP (NP commercial banks )NP and (NP the *UNK- governments )NP )NP (VP believe (SBAR (S (NP they )NP (VP will (VP get (NP (NP a piece )NP (PP of (NP any capital increase )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR , (NP a *UNK- IMF mission )NP (VP would (VP leave (S (NP both )NP (VP feeling (ADJP *UNKED )ADJP )VP )S )VP )VP . )S  STOP
(S (ADVP Furthermore )ADVP , (NP (NP a U.S. rejection )NP (PP of (NP (NP the capital increase )NP (PRN -LRB- and (NP (NP transfer )NP (PP of (NP shares )NP )PP (PP to (NP Japan )NP )PP )NP -RRB- )PRN )NP )PP )NP (VP would (VP give (NP Japan )NP (NP (NP an argument )NP (PP against (NP (NP future calls )NP (PP for (NP economic *UNKING )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (PP On (NP the other hand )NP )PP , (NP a decision (S (VP to (VP increase (NP (NP the IMF 's )NP capital )NP )VP )VP )S )NP (VP would (VP reinforce (NP (NP the central economic role )NP (PP of (NP (NP *UNK institutions )NP (PP in (NP developing countries )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (PP With (NP the increase )NP )PP , (NP (ADJP even more )ADJP *UNK- energy and talent )NP (VP would (VP be (VP diverted (PP from (S (VP creating (NP profitable economic systems )NP )VP )S )PP (PP to (S (VP setting (PRT up )PRT (NP (NP economic planning *UNK )NP (SBAR (WHNP that )WHNP (S (VP generate (NP *UNKED economic plans )NP )VP )S )SBAR )NP )VP )S )PP )VP )VP )VP . )S  STOP
(S (S (VP *UNKING (NP the *UNK )NP )VP )S (VP could (VP slow (NP economic development )NP (ADVP even further )ADVP )VP , (SBAR as (S (NP countries )NP (VP delay (NP *UNKING steps )NP (PP in (NP (NP anticipation )NP (PP of (NP *UNK *UNK support )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Conservatives )NP (VP should (VP take (NP a position )NP (PP prior (PP to (NP (NP the administration 's )NP year-end deadline )NP )PP )PP )VP )VP . )S  STOP
(S (NP The issues )NP (VP are (ADJP too important (S (VP to (VP be (VP left (PP to (NP (NP the financial and budget ministries )NP (VP fighting (PP over (NP (NP (NP the size )NP (PP of (NP the capital increase )NP )PP )NP , (PP rather than (NP its purpose )NP )PP )NP )PP )VP )NP )PP )VP )VP )VP )S )ADJP )VP . )S  STOP
(S (SBAR If (S (NP conservatives )NP (VP do n't (VP support (NP (NP an increase )NP (PP in (NP (NP the IMF 's )NP capital )NP )PP )NP )VP )VP )S )SBAR , (ADVP then )ADVP (NP (NP it )NP )NP (VP is (ADJP *UNK (PP on (NP them )NP )PP )ADJP (S to (VP (VP speak (PRT up )PRT (ADVP now )ADVP )VP and (VP explain (NP the alternative )NP )VP )VP )S )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP directs (NP (NP the Republican staff )NP (PP of (NP (NP the Joint Economic Committee )NP (PP of (NP Congress )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The Chicago Mercantile Exchange )NP (VP fined and suspended (NP (NP two commodities traders )NP (VP accused (PP of (S (VP making (NP (NP *UNKED trades )NP )NP (PP with (NP each other )NP )PP (SBAR (WHNP that )WHNP (S (ADVP allegedly )ADVP (VP *UNKED (NP a customer )NP )VP )S )SBAR )VP )S )PP )VP )NP )VP . )S  STOP
(S (NP Merc officials )NP (VP said (SBAR (S (NP Gary N. Roberts )NP (VP was (VP *UNKED (PP following (NP (NP (NP the exchange 's )NP investigation )NP (PP of (NP (NP his trading )NP (PP in (NP several commodities *UNK )NP )PP (PP (PP from (NP July )NP )PP (PP to (NP November 1988 )NP )PP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The Merc )NP (VP said (SBAR (S (NP Mr. Roberts )NP (VP withheld (PP from (NP the market )NP )PP (NP certain orders )NP (PP in (NP (NP cooperation )NP (PP with (NP (NP another trader )NP , (NP David Stein )NP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The Merc )NP (VP (VP fined (NP Mr. Roberts )NP (NP $ 15,000 )NP )VP and (VP suspended (NP his trading membership )NP (PP for (NP three years )NP )PP )VP )VP . )S  STOP
(S (ADVP Also )ADVP , (NP (NP he )NP and (NP Mr. Stein )NP )NP (VP were (VP ordered (S (VP to (VP make (NP (NP *UNK )NP (PP of (NP $ 35,000 )NP )PP )NP (PP to (NP a customer )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP Mr. Stein )NP (VP was (VP (VP fined (NP $ 25,000 )NP )VP and (VP suspended (PP for (NP three years )NP )PP )VP )VP )VP . )S  STOP
(S (NP Messrs. Roberts and Stein )NP (VP could n't (VP be (VP reached (PP for (NP comment )NP )PP )VP )VP )VP . )S  STOP
(S (NP The Merc )NP (VP said (SBAR that (S (PP as (NP (NP part )NP (PP of (NP the disciplinary settlement )NP )PP )NP )PP , (NP neither man )NP (VP admitted , nor denied (NP the alleged violations )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Neither )NP (VP was (PP among (NP (NP the 46 traders )NP (VP indicted (NP last August )NP (PP in (NP (NP a federal investigation )NP (PP of (NP (NP traders )NP (PP at (NP both (NP (NP the Merc )NP and (NP (NP the Chicago Board )NP (PP of (NP Trade )NP )PP )NP )NP )NP )PP )NP )PP )NP )PP )VP )NP )PP )VP . )S  STOP
(S (PP In (NP (NP a move )NP (SBAR (WHNP that )WHNP (S (VP could (VP *UNK (NP a new competitive challenge )NP (PP to (NP (NP Time Warner Inc. 's )NP powerful Home *UNKC Office )NP )PP )VP )VP )S )SBAR )NP )PP , (NP cable giant Tele-Communications Inc. )NP (VP agreed (S (VP to (VP buy (NP (NP half )NP (PP of (NP Showtime *UNKC Inc. )NP )PP )NP (PP from (NP Viacom Inc. )NP )PP (PP for (NP (QP $ 225 million )QP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The purchase )NP (VP comes (PP after (NP (NP nearly three years )NP (PP of (NP (NP *UNK- *UNK- talks )NP (PP between (NP (NP *UNKC )NP and (NP (NP Viacom )NP , (SBAR (WHNP which )WHNP (S (VP has (ADVP also )ADVP (VP discussed (NP (NP the sale )NP (PP of (NP (NP an interest )NP (PP in (NP Showtime )NP )PP )NP )PP )NP (PP with (NP other cable operators )NP )PP )VP )VP )S )SBAR )NP )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Showtime )NP (VP (VP is (NP (NP a distant No. 2 )NP (PP to (NP Home *UNKC Office )NP )PP )NP )VP , and (VP (PP in (NP May )NP )PP filed (NP a (ADJP (QP $ 2.5 billion )QP )ADJP antitrust suit )NP (PP against (NP Time Warner )NP )PP , (S (VP charging (NP (NP the company )NP and (NP its HBO and American Television cable units )NP )NP (PP with (S (VP conspiring (S (VP to (VP *UNK (NP the pay TV business )NP )VP )VP )S )VP )S )PP )VP )S )VP )VP . )S  STOP
(S (NP HBO )NP (VP has (NP (NP (QP close to 24 million )QP subscribers )NP (PP to (NP its HBO and *UNKC networks )NP )PP )NP , (SBAR while (S (NP (NP Showtime )NP and (NP (NP its sister service )NP , (NP The *UNKC Channel )NP , )NP )NP (VP have (NP (QP only about 10 )QP million )NP )VP )S )SBAR , (PP according (PP to (NP (NP Paul *UNKC Associates )NP , (NP a (NAC *UNKC , Calif. , )NAC research firm )NP )NP )PP )PP )VP . )S  STOP
(S (PP For (NP *UNKC )NP )PP , (NP (NP the investment )NP (PP in (NP Showtime )NP )PP )NP (VP puts (NP it )NP (PP in (NP (NP an unusual position )NP )NP )PP ; (S (PP as (NP (NP the largest cable operator )NP , (PP with (NP (NP control )NP (PP of (NP (NP (QP close to 12 million )QP )NP (PP of (NP (NP the nation 's )NP (QP 52 million )QP cable subscribers )NP )PP )NP )PP )NP )PP , )NP )PP (NP *UNKC )NP (VP is (NP (NP HBO 's )NP largest customer )NP )VP )S )VP . )S  STOP
(S But (NP *UNKC President John *UNKC )NP (VP (VP has (ADVP long )ADVP (VP been (VP concerned (PP about (NP (NP (NP HBO 's )NP *UNK )NP (PP of (NP the pay TV business )NP )PP )NP )PP )VP )VP )VP , and (VP has (VP been (ADJP eager (S (VP to (VP keep (NP Showtime )NP (PP as (NP a healthy competitor )NP )PP )VP )VP )S )ADJP )VP )VP )VP . )S  STOP
(S `` (S (NP (NP It )NP )NP (VP is (ADJP important (PP to (NP the cable industry )NP )PP )ADJP (SBAR that (S (NP we )NP (VP have (NP a *UNK and competitive *UNK- marketplace )NP )VP )S )SBAR )VP )S , '' (NP Mr. *UNKC )NP (VP said (PP in (NP a statement )NP )PP )VP . )S  STOP
(S (PP In (NP a telephone interview )NP )PP , (NP (NP Robert Thomson )NP , (NP TCI senior vice president )NP , )NP (VP said (SBAR (S (S (NP (NP (NP Showtime 's )NP suit )NP (PP against (NP HBO )NP )PP )NP `` (VP does n't (VP involve (NP us )NP )VP )VP )S , and (S (NP (NP nothing )NP (SBAR (S (NP we )NP (VP 're (VP doing (ADVP here )ADVP )VP )VP )S )SBAR )NP (VP bears (NP any relationship )NP (PP to (NP that )NP )PP )VP )S )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP added , `` (S (NP We )NP (VP do n't (VP intend (S (VP to (VP be (VP drawn (PP into (NP it )NP )PP )VP )VP )VP )S )VP )VP )S , '' (S (VP noting (SBAR that (S (NP TCI )NP (VP wo n't (VP play (NP any active role )NP (PP in (NP (NP the management )NP (PP of (NP Showtime )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (S (VP *UNKING (PRT up )PRT (NP Showtime )NP (PP with (NP (NP the largest cable operator )NP (PP in (NP the U.S. )NP )PP )NP )PP )VP )S (VP could (VP (ADVP sharply )ADVP boost (NP its subscribers )NP )VP )VP . )S  STOP
(S (NP TCI )NP (VP said (SBAR (S (NP it )NP (VP may (VP (VP bring (ADVP in )ADVP (NP other cable operators )NP (PP as (NP investors )NP )PP )VP , (NP (NP a practice )NP (SBAR (S (NP it )NP (VP has (VP employed (PP in (NP the past )NP )PP (PP with (NP (NP investments )NP (PP in (NP (NP other cable networks )NP , (PP such as (NP The *UNKC Channel )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC cable partners )NP (VP could (VP boost (NP subscribers )NP (ADVP even further )ADVP )VP )VP . )S  STOP
(S (NP Time Warner )NP (VP declined (NP comment )NP )VP . )S  STOP
(S (PP In (NP (NP addition )NP (PP to (S (VP owning (NP HBO )NP )VP )S )PP )NP )PP , (NP Time Warner )NP (VP owns (NP (NP American Television & Communications Inc. )NP , (NP (NP (NP the nation 's )NP second largest cable operator )NP (PP after (NP TCI )NP )PP )NP )NP )VP . )S  STOP
(S (S (NP Viacom )NP (ADVP also )ADVP (VP owns (NP cable systems )NP )VP )S , but (S (NP it )NP (VP is (NP (NP (NP the *UNK largest operator )NP (PP of (NP such systems )NP )PP )NP , (PP with (NP (QP less than one million )QP subscribers )NP )PP )NP )VP )S . )S  STOP
(S (NP The TCI investment )NP (VP is (NP (NP a big victory )NP (PP for (NP (NP (NP (NP Viacom 's )NP chief executive officer )NP , (NP Frank *UNKC )NP )NP , and (NP (NP *UNKC H. *UNKC )NP , (NP (NP president )NP (PP of (NP the Showtime unit )NP )PP )NP )NP )NP )PP )NP )VP . )S  STOP
(S `` (S (NP This )NP (VP (VP takes (NP (NP any question )NP (PP of (NP (NP Showtime 's )NP *UNK )NP )PP )NP )VP and (VP puts (NP it )NP (ADVP away )ADVP (UCP (ADVP once )ADVP and (PP for (NP all )NP )PP )UCP )VP )VP )S , '' (NP Mr. *UNKC )NP (VP said (PP in (NP a telephone interview )NP )PP )VP . )S  STOP
(S (NP (NP The fight )NP (PP between (NP (NP HBO )NP and (NP Showtime )NP )NP )PP )NP (VP is (ADJP particularly *UNK )ADJP (SBAR because (S (S (NP Mr. *UNKC )NP (VP is (NP (NP the former chief executive )NP (PP of (NP HBO )NP )PP )NP )VP )S , and (S (NP Mr. *UNKC )NP (VP served (PP as (NP (NP chief )NP (PP of (NP marketing )NP )PP )NP )PP (PP for (NP the service )NP )PP )VP )S )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP were (ADVP both )ADVP (VP hired (PP by (NP (NP *UNKC *UNKC )NP , (NP (NP the Boston billionaire )NP (SBAR (WHNP who )WHNP (S (VP took (NP (NP control )NP (PP of (NP Viacom )NP )PP )NP (ADVP (NP three years )NP ago )ADVP (PP in (NP a leveraged buy-out )NP )PP )VP )S )SBAR )NP )NP )PP )VP )VP . )S  STOP
(S (NP Time Warner )NP (VP has (VP (ADVP vigorously )ADVP denied (NP (NP all )NP (PP of (NP (NP Viacom 's )NP allegations )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Boeing Co. )NP , (VP (ADVP already )ADVP struck (PP by (NP its Machinists union )NP )PP )VP , )NP (ADVP briefly )ADVP (VP (VP called (PRT off )PRT (NP (NP contract talks )NP (PP with (NP its engineers )NP )PP )NP )VP and (VP labeled (S (NP their demands )NP `` (ADJP *UNKLY excessive )ADJP )S )VP )VP . '' )S  STOP
(S (ADVP Later )ADVP , (ADVP however )ADVP , (NP the company )NP (VP agreed (S (VP to (VP meet (PP on (NP Monday )NP )PP (PP with (NP the Seattle Professional Engineering Employees Association )NP )PP (SBAR after (S (NP a federal mediator )NP (VP *UNKED )VP )S )SBAR )VP )VP )S , (PP according (PP to (NP the union )NP )PP )PP )VP . )S  STOP
(S (NP (NP A spokesman )NP (PP for (NP the engineers )NP )PP )NP (VP said (SBAR (S (NP the company )NP (VP asked (NP the union )NP (S (VP to (VP reduce (NP (NP its demands )NP , (SBAR (WHNP which )WHNP (S (VP included (NP (NP (NP a (ADJP 19 % )ADJP pay *UNK )NP (PP in (NP the first year )NP )PP )NP and (NP (NP 8 % )NP (PP in (NP the (ADJP second and third )ADJP years )NP )PP )NP )NP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The union )NP (VP represents (NP (QP about *UNKN )QP (NX (NX engineers )NX and (NX technical workers )NX )NX )NP )VP . )S  STOP
(S (NP Its contract )NP (VP expires (NP Dec. 1 )NP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP a federal mediator )NP (VP is (VP scheduled (S (VP to (VP meet (NP today )NP (PP with (NP (NP Boeing officials )NP and (NP (NP representatives )NP (PP of (NP 55,000 striking Machinists )NP )PP )NP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP (NP It )NP )NP (VP will (VP take (NP several meetings )NP (S (VP to (VP resolve (NP this )NP )VP )VP )S )VP )VP )S , '' (VP said )VP (NP (NP a spokesman )NP (PP for (NP the Machinists union )NP )PP )NP . )SINV  STOP
(S `` (NP We )NP (VP do n't (VP want (S (VP to (VP bring (ADVP back )ADVP (NP (NP something )NP (SBAR (S (NP the members )NP (VP will (VP reject )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP . '' )S  STOP
(S (NP Machinists )NP (ADVP already )ADVP (VP have (VP rejected (NP (NP a package )NP (SBAR (WHNP that )WHNP (S (VP would (VP have (VP provided (NP (NP (NP a (ADJP 10 % )ADJP pay raise )NP plus (NP bonuses )NP )NP (PP over (NP (NP the three-year life )NP (PP of (NP the contract )NP )PP )NP )PP )NP )VP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP would (VP have (VP reduced (NP mandatory overtime )NP )VP )VP )VP . )S  STOP
(S (NP Investor *UNKC Edelman )NP (VP (VP increased (NP (NP his stake )NP (PP in (NP Intelogic *UNKC Inc. )NP )PP )NP )VP and (VP cleared (NP the way )NP (PP for (NP additional purchases )NP )PP )VP )VP . )S  STOP
(S (NP (NP It )NP )NP (VP was n't (ADJP clear )ADJP , (ADVP however )ADVP , (SBAR whether (S (NP the actions )NP (VP were (VP related (PP to (NP (NP a battle )NP (PP between (NP (NP the corporate raider )NP and (NP New York attorney Martin *UNKC )NP )NP )PP (PP for (NP (NP control )NP (PP of (NP (NP Datapoint Corp. )NP , (NP a (ADJP San Antonio , *UNKED )ADJP *UNKING systems maker )NP )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Intelogic *UNKC )NP , (NP a computer services company )NP , )NP (VP was (VP spun (PRT off )PRT (PP to (NP Datapoint holders )NP )PP (PP in (NP 1985 )NP )PP , (SBAR after (S (NP Mr. Edelman )NP (VP gained (NP control )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (SBAR After (S (NP Mr. *UNKC )NP (VP announced (SBAR (S (NP he )NP (VP was (VP soliciting (NP *UNK )NP (PP from (NP shareholders )NP )PP (SBAR (PP in (NP order )NP )PP (S (VP to (VP *UNK (NP (NP control )NP (PP of (NP Datapoint )NP )PP )NP (PP from (NP Mr. Edelman )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )S )SBAR , (NP the corporate raider )NP (VP purchased (NP (NP 30 % )NP (PP of (NP (NP Datapoint 's )NP shares )NP )PP )NP )VP . )S  STOP
(S (PP In (NP a Securities and Exchange Commission filing )NP )PP , (NP Mr. Edelman )NP (VP said (SBAR (S (PP (PP from (NP Sept. 29 )NP )PP (PP to (NP Oct. 13 )NP )PP )PP , (NP he )NP (VP acquired (NP (NP *UNKN shares )NP (PP of (NP Intelogic common shares )NP )PP )NP (PP for (NP (NP (QP $ 2.25 to $ *UNKN )QP )NP (NP each )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The purchases )NP (VP increased (NP his stake )NP (PP to (NP (NP *UNKN % )NP (PP of (NP (NP the shares )NP (ADJP outstanding )ADJP )NP )PP )NP )PP )VP . )S  STOP
(S (NP The filing )NP (ADVP also )ADVP (VP said (SBAR (S (NP (NP certain provisions )NP (SBAR (WHNP which )WHNP (S (VP apply (PP to (NP (NP *UNK )NP (SBAR (S (VP acquiring (NP (NP 20 % (QP or more )QP )NP (PP of (NP Intelogic common stock )NP )PP )NP )VP )S )SBAR )NP )PP )VP )S )SBAR )NP , (VP were (VP *UNKED (PP by (NP Intelogic )NP )PP (PP for (NP (NP Mr. Edelman )NP , (SBAR (WHNP who )WHNP (S (VP is (NP (NP chairman )NP (PP of (NP the company )NP )PP )NP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Edelman )NP (VP could n't (VP be (VP reached (PP for (NP comment )NP )PP )VP )VP )VP . )S  STOP
(S (S (NP The federal government )NP (VP should (VP make (S (NP (NP free , voluntary testing )NP (PP for (NP the AIDS virus )NP )PP )NP (NP (NP the *UNK )NP (PP of (NP an expanded campaign (S (VP to (VP stop (NP (NP the spread )NP (PP of (NP acquired immune *UNK syndrome )NP )PP )NP )VP )VP )S )NP )PP )NP )S )VP )VP )S , (NP the Hudson Institute )NP (VP recommended )VP . )S  STOP
(S `` (S (PP By (S (VP encouraging (NP massive , routine , voluntary testing )NP )VP )S )PP (NP we )NP (VP can (VP enable (S (NP society )NP (VP to (VP (ADVP voluntarily )ADVP *UNK (NP itself )NP (ADVP *UNKLY )ADVP (PP into (NP (NP two groups )NP : (NP (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP carry (NP the virus )NP )VP )S )SBAR )NP and (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP do not )VP )S )SBAR )NP )NP )NP )PP )VP )VP )S )VP )VP )S , '' (NP the Indianapolis research organization )NP (VP said (PP in (NP a new report )NP )PP )VP . )S  STOP
(S (NP The report )NP (VP (VP takes (NP (NP a (ADJP more *UNKED )ADJP view )NP (PP of (NP AIDS )NP )PP )NP )VP and (VP recommends (NP (NP a (ADJP more sweeping )ADJP response )NP (PP than (NP many other *UNK )NP )PP )NP )VP )VP . )S  STOP
(S (NP It )NP (VP warns (SBAR that (S (NP the AIDS *UNK )NP `` (VP may (VP (VP reduce (NP (NP the rate )NP (PP of (NP (NP growth )NP (PP of (NP the work force )NP )PP )NP )PP )NP )VP , (VP curb (NP productivity gains )NP )VP and (VP slow (NP economic growth )NP )VP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP It )NP (VP contends (SBAR that (S (NP current government policy )NP (VP is (VP failing (S (VP to (VP stem (NP the AIDS *UNK )NP )VP )VP )S (SBAR because (S (NP it )NP (VP suggests (SBAR (S (NP (NP the use )NP (PP of (NP *UNK )NP )PP )NP (VP can (VP make (S (NP sex )NP `` (ADJP safe )ADJP )S )VP )VP )S )SBAR )VP )S )SBAR )VP )VP )S )SBAR )VP . '' )S  STOP
(S But (NP the report )NP (VP says : (SBAR (S `` (S (NP The only safe sex )NP (VP is (NP (NP sex )NP (PP between (NP *UNKED partners )NP )PP )NP )VP )S , '' and (S (NP testing )NP (VP is (NP (NP the only way )NP (SBAR (S (VP to (VP learn (PP of (NP *UNK )NP )PP )VP )VP )S )SBAR )NP )VP )S )S )SBAR )VP . )S  STOP
(S (NP (NP Hudson 's )NP researchers )NP (VP estimated (SBAR that (S (NP (NP it )NP )NP (VP would (VP cost (NP (NP (QP less than $ 650 million )QP )NP (NP a year )NP )NP (S (VP to (VP test (NP (NP the entire population )NP (PP between (NP (NP the *UNK )NP (PP of (NP (NP (QP 12 and 65 )QP years )NP (ADJP old )ADJP )NP )PP )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP the report )NP (VP recommends (SBAR that (S (NP federal and state governments )NP (VP provide (NP free treatment )NP (PP to (NP (NP all )NP (SBAR (WHNP who )WHNP (S (VP test (S (ADJP positive )ADJP )S )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP An (ADJP unexpectedly sharp )ADJP widening )NP (PP in (NP (NP the U.S. trade gap )NP (PP for (NP August )NP )PP )NP )PP )NP (VP dragged (S (NP the dollar )NP (ADVP lower )ADVP )S (NP Tuesday )NP )VP )S , but (S (NP (NP profit-taking )NP (PP on (NP short positions )NP )PP )NP (VP helped (S (NP the currency )NP (VP rebound (S (VP to (VP close (ADJP mixed )ADJP (PP against (NP major counterparts )NP )PP )VP )VP )S )VP )S )VP )S . )S  STOP
(S (SBAR While (S (NP the market )NP (VP kept (NP (NP careful *UNK )NP (PP on (NP (NP Wall Street 's )NP gyrations )NP )PP )NP )VP )S )SBAR , (NP it )NP (VP *UNKED (PRT off )PRT (NP (NP a modest downturn )NP (PP in (NP equities )NP )PP )NP (S (VP to (VP bid (NP the dollar )NP (PP (ADVP well )ADVP above (NP (NP the day 's )NP lows )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP (ADVP Soon )ADVP after (NP (NP the release )NP (PP of (NP the U.S. trade figures )NP )PP )NP )PP , (NP the dollar )NP (VP plunged (PP to (NP (NP an intraday low )NP (PP of (NP *UNKN yen )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP It )NP (ADVP also )ADVP (VP declined (PP against (NP the mark )NP )PP )VP )S but (S (VP did n't (VP reach (NP (NP its intraday low )NP (PP of (NP *UNKN marks )NP )PP )NP (PP until (ADVP (NP two hours )NP later )ADVP )PP )VP )VP )S . )S  STOP
(S (NP The unit )NP (VP stabilized (NP (NP about midday )NP (NP New York time )NP )NP (PP at (NP (NP (QP around 1.85 )QP marks )NP and (NP *UNKN yen )NP )NP )PP , (S (VP prompting (NP *UNKED rumors (SBAR that (S (NP the U.S. Federal Reserve )NP (VP had (VP *UNKED (S (VP to (VP *UNK (NP (NP the unit 's )NP tumble )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP )S )VP . )S  STOP
(S (NP The dollar )NP (VP finished (PP at (NP its intraday highs )NP )PP )VP . )S  STOP
(S (NP Dealers )NP (VP noted (SBAR that (S (NP (NP (NP the foreign exchange market 's )NP initial bearish reaction )NP (PP to (NP the U.S. trade figures )NP )PP )NP (VP was (VP *UNKED (ADVP later )ADVP (PP by (NP (NP a `` *UNK *UNK )NP (PP of (NP the data )NP )PP )NP )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP The U.S. Commerce Department )NP (VP reported (NP (NP (NP a (ADJP (QP $ *UNKN billion )QP )ADJP deficit )NP (PP in (NP August )NP )PP )NP , (PP compared (PP with (NP (NP a revised July deficit )NP (PP of (NP (QP $ *UNKN billion )QP )NP )PP )NP )PP )PP )NP )VP . )S  STOP
(S (NP Economists )NP (VP had (VP expected (NP a (ADJP (QP $ *UNKN billion )QP )ADJP gap )NP )VP )VP . )S  STOP
(S (NP The August figure )NP (VP reflected (NP (NP (NP a (ADJP 6.4 % )ADJP rise )NP (PP in (NP imports )NP )PP )NP and (NP (NP a (ADJP 0.2 % )ADJP drop )NP (PP in (NP exports )NP )PP )NP )NP )VP . )S  STOP
(S (NP (NP *UNKC M. *UNKC )NP , (NP (NP an economist )NP (PP with (NP (NP Manufacturers Hanover Trust )NP (PP in (NP New York )NP )PP )NP )PP )NP , )NP (VP said (SBAR that (S (SBAR while (S (NP the figures )NP (VP appear (S (VP to (VP indicate (NP a (ADJP *UNKLY deteriorating )ADJP U.S. trade performance )NP )VP )VP )S )VP )S )SBAR , (NP there )NP (VP 's (ADVP still )ADVP (NP (NP (NP enough positive news )NP (PP in (NP the data )NP )PP )NP (S (VP to (VP justify (S (VP buying (NP dollars )NP )VP )S )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR that (S (SBAR while (S (NP (NP the U.S. trade gap )NP (PP with (NP Canada )NP )PP )NP (VP has (VP widened (ADVP significantly )ADVP )VP )VP )S )SBAR , (NP (NP the trade deficit )NP (PP with (NP (NP Western Europe )NP and (NP Japan )NP )NP )PP )NP (VP continues (S (VP to (VP narrow )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S And (NP he )NP (VP added (SBAR that (S (NP manufactured goods exports )NP (VP are (ADVP still )ADVP (VP rising )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The dollar 's )NP near-term path )NP (VP remains (ADJP *UNK )ADJP , (PP according (PP to (NP (NP *UNK analysts )NP , (SBAR (WHNP who )WHNP (S (VP *UNK (NP the market )NP (PP as `` (ADJP *UNKING )ADJP )PP )VP )S )SBAR )NP )PP )PP )VP . '' )S  STOP
(S (PP In (NP late New York trading )NP )PP (NP yesterday )NP , (NP the dollar )NP (VP was (VP quoted (PP (PP at (NP (NP *UNKN marks )NP , (ADVP down (PP from (NP *UNKN marks )NP (NP late Monday )NP )PP )ADVP )NP )PP , and (PP at (NP (NP *UNKN yen )NP , (ADVP up (PP from (NP *UNKN yen )NP (NP late Monday )NP )PP )ADVP )NP )PP )PP )VP )VP . )S  STOP
(S (NP Sterling )NP (VP was (ADJP unchanged )ADJP (PP at (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (PP In (NP Tokyo )NP )PP (NP Wednesday )NP , (NP the U.S. currency )NP (VP opened (PP for (NP trading )NP )PP (PP at (NP (NP *UNKN yen )NP , (ADJP unchanged (PP from (NP (NP Tuesday 's )NP Tokyo close )NP )PP )ADJP )NP )PP )VP . )S  STOP
(S (ADVP Later )ADVP , (NP the U.S. currency )NP (VP fell (PP to (NP (QP about *UNKN )QP yen )NP )PP (PP on (NP (NP news reports )NP (PP of (NP the San Francisco earthquake )NP )PP )NP )PP )VP . )S  STOP
(S (NP Some analysts )NP (VP (VP remain (ADJP bullish )ADJP )VP and (VP point (PRT out )PRT (SBAR that (S (NP the dollar )NP (VP continues (S (VP to (VP be (ADJP well bid )ADJP )VP )VP )S (PP despite (NP (NP (NP key rate increases )NP (PP in (NP Europe and Japan )NP )PP )NP , (NP (NP (NP several weeks )NP (PP of (NP (NP aggressive dollar sales )NP (PP by (NP the world central banks )NP )PP )NP )PP )NP (PRN -- (S (NP some traders )NP (VP estimate (SBAR that (S (NP (NP the *UNK )NP (PP of (NP sales )NP )PP )NP (VP topped (NP (QP $ 12 billion )QP )NP )VP )S )SBAR )VP )S -- )PRN )NP and (NP (NP a 190-point plunge )NP (PP on (NP the New York Stock Exchange )NP )PP )NP )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP They )NP (VP note (SBAR that (S (NP the U.S. unit )NP (VP is (VP trading (PP at (NP (NP the upper end )NP (PP of (NP (NP the *UNKED target *UNK )NP (VP established (PP by (NP the (NX (NP Group )NP (PP of (NP *UNKC )NP )PP )NX trading partners )NP )PP )VP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNKC )NP (VP *UNK (NP (NP West Germany )NP , (NP the U.S. )NP , (NP France )NP , (NP the U.K. )NP , (NP Italy )NP , (NP Canada )NP and (NP Japan )NP )NP )VP . )S  STOP
(S (NP The so-called *UNKC accord )NP (VP was (VP seen (S (VP to (VP have (VP set (NP (NP ranges )NP (PP of (NP (NP (NP *UNKN marks )NP (PP to (NP *UNKN marks )NP )PP )NP and (NP (NP 120 yen )NP (PP to (NP 140 yen )NP )PP )NP )NP )PP )NP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP They )NP (VP say (SBAR that (S (S (NP (NP the recent injection )NP (PP of (NP liquidity )NP )PP (PP into (NP the U.S. banking system )NP )PP )NP (VP has (VP been (ADJP modest )ADJP )VP )VP )S , and (S (NP they )NP (VP do n't (VP anticipate (NP (NP significant easing )NP (PP by (NP the U.S. Federal Reserve )NP )PP )NP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (NP The Fed )NP (VP arranged (NP (NP (NP (QP $ 1.5 billion )QP )NP (PP of (NP customer repurchase agreements )NP )PP )NP )NP (NP Tuesday )NP , (NP (NP the second repurchase agreement )NP (PP in (NP two days )NP )PP )NP )VP . )S  STOP
(S (NP (NP The move )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP capital )NP (PP into (NP the system )NP )PP )VP )S )SBAR , )NP (VP is (VP seen (PP as (NP an effort (S (VP to (VP *UNK (NP the *UNK markets )NP (SBAR that (S (NP the U.S. central bank )NP (VP is (ADJP ready (S (VP to (VP provide (NP the ample liquidity )NP )VP )VP )S )ADJP )VP )S )SBAR )VP )VP )S )NP )PP )VP )VP . )S  STOP
(S But (NP other analysts )NP (VP contend (SBAR that (S (SBAR while (S (NP (NP the Fed 's )NP move (S (VP to (VP loosen (NP credit )NP )VP )VP )S )NP (VP has n't (VP been (ADJP aggressive )ADJP )VP )VP )S )SBAR , (NP it )NP (ADVP *UNK )ADVP (VP sends (NP a clear signal (SBAR that , (S (PP (PP at least )PP for (NP now )NP )PP , (NP the Fed )NP (VP has (VP *UNKED (NP (NP its grip )NP (PP on (NP credit )NP )PP )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (VP add (SBAR that (S (NP the Fed )NP (VP has (VP allowed (NP the key federal funds interest rate )NP (S (VP to (VP *UNK (PP to (NP (QP about 8 5\/8 )QP % )NP )PP (PP from (NP (NP its levels )NP (PP of (NP (QP just below 9 )QP % )NP (NP last week )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The federal funds rate )NP (VP is (NP (NP the overnight lending rate )NP (SBAR (WHNP that )WHNP (S (NP banks )NP (VP charge (NP each other )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Market participants )NP (VP said (SBAR that (S (NP the mark )NP (VP continues (S (VP to (VP post (NP (NP the (ADJP most significant )ADJP gains )NP (PP against (NP the dollar )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP On (NP (NP the Commodity Exchange )NP (PP in (NP New York )NP )PP )NP )PP , (NP (NP gold )NP (PP for (NP current delivery )NP )PP )NP (VP settled (PP at (NP (NP (NP $ *UNKN )NP (NP an ounce )NP )NP )NP )PP , (ADVP up (NP 10 cents )NP )ADVP )VP . )S  STOP
(S (NP Estimated volume )NP (VP was (NP a moderate (QP 3.5 million )QP ounces )NP )VP . )S  STOP
(S (PP In (NP (NP early trading )NP (PP in (NP Hong Kong )NP )PP )NP )PP (NP Wednesday )NP , (NP gold )NP (VP was (PP at (NP (NP $ *UNKN )NP (NP an ounce )NP )NP )PP )VP . )S  STOP
(S (NP National Semiconductor Corp. )NP (VP said (SBAR (S (NP it )NP (VP settled (NP (NP a *UNK- patent *UNK case )NP (PP against (NP *UNKC Technology Corp. )NP )PP )NP (PP by (S (VP accepting (NP a (ADJP (QP $ 3 million )QP )ADJP payment )NP (PP from (NP *UNKC )NP )PP (PP in (NP (NP exchange )NP (PP for (S (VP *UNKING (NP *UNKC )NP (NP (NP *UNK licenses )NP (PP for (NP (NP all products )NP (VP involved )VP )NP )PP )NP )VP )S )PP )NP )PP )VP )S )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The two companies )NP (ADVP also )ADVP (VP agreed (S (VP to (VP settle (NP (NP any future property rights issues )NP (PP over (NP the next 10 years )NP )PP )NP (PP through (NP *UNKING arbitration )NP )PP )VP )VP )S )VP )S , (NP both companies )NP (VP said )VP . )S  STOP
(S (NP The products )NP (VP are (NP (NP so-called *UNK integrated circuits )NP (SBAR (WHNP that )WHNP (S (VP have (NP (NP applications )NP (PP in (NP the consumer electronics , automobile and electronic *UNK markets )NP )PP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP *UNKC Technology )NP , (NP (NP *UNKC )NP , (NP Calif. )NP , )NP )NP (VP called (S (NP the settlement )NP `` (ADJP positive )ADJP )S , '' (SBAR since (S (NP (NP products )NP (VP covered (PP by (NP the disputed patents )NP )PP )VP )NP (VP account (PP for (NP (NP (QP about 20 )QP % )NP (PP of (NP its annual sales )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The electronics concern )NP (VP said (SBAR (S (NP it )NP (ADVP already )ADVP (VP (VP has (VP paid (NP (NP (QP $ 2 million )QP )NP (PP of (NP the settlement )NP )PP )NP (PP to (NP (NP National Semiconductor )NP , (NP (NP Santa Clara )NP , (NP Calif. )NP )NP )NP )PP )VP )VP , and (VP will (VP pay (NP the remaining (QP $ 1 million )QP )NP (PP in (NP equal *UNK )NP )PP (PP over (NP the next eight quarters )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The payments )NP (VP are n't (VP expected (S (VP to (VP have (NP an impact )NP (PP on (NP coming operating results )NP )PP )VP )VP )S )VP )VP )S , (NP *UNKC )NP (VP added )VP . )S  STOP
(S (NP (NP NBC 's )NP winning *UNK )NP (VP has (VP been (VP canceled )VP )VP )VP . )S  STOP
(S (NP (NP The National Broadcasting Co. )NP , (NP (NP a unit )NP (PP of (NP General Electric Co. )NP )PP )NP , )NP (VP had (S (NP (NP its *UNKING *UNK- *UNK )NP (PP as (NP the prime-time ratings leader )NP )PP )NP (VP snapped (NP yesterday )NP (PP by (NP (NP *UNKC )NP , (NP (NP a subsidiary )NP (PP of (NP Capital Cities\/ABC Inc )NP )PP )NP )NP )PP )VP )S )VP . )S  STOP
(S (PP In (NP (NP the ratings )NP (VP compiled (PP by (NP the A.C. Nielsen Co. )NP )PP )VP )NP )PP , (NP (NP ABC )NP , (SBAR (WHNP which )WHNP (S (VP broadcast (NP the World Series )NP )VP )S )SBAR , )NP (VP topped (NP the competition )NP (PP with (NP a *UNKN rating and 25 share )NP )PP )VP . )S  STOP
(S (NP NBC )NP (VP was (ADJP second )ADJP (PP with (NP a (NX (NX *UNKN rating )NX and (NX 24 share )NX )NX )NP )PP (PP followed (PP by (NP (NP (NP CBS Inc. 's )NP television network )NP (PP with (NP a (NX (NX 12.5 rating )NX and )NX (NX 21 share )NX )NP )PP )NP )PP )PP )VP . )S  STOP
(S -LRB- (S (NP A ratings point )NP (VP represents (NP *UNKN television households )NP )VP )S ; (S (NP shares )NP (VP indicate (NP (NP the percentage )NP (PP of (NP (NP sets )NP (PP in (NP use )NP )PP )NP )PP )NP )VP )S . -RRB- )S  STOP
(S (S (NP (NP The first two games )NP (PP of (NP the World Series )NP )PP (PP between (NP the (NX (NX Oakland *UNKC )NX and (NX San Francisco Giants )NX )NX )NP )PP )NP (VP did n't (VP finish (PP in (NP the top 10 )NP )PP )VP )VP )S ; (S (ADVP instead )ADVP (NP they )NP (VP landed (PP in (NP *UNK and *UNK place )NP )PP )VP )S . )S  STOP
(S (NP The *UNKED show )NP (VP continues (S (VP to (VP be (NP (NP ABC 's )NP `` *UNKC )NP )VP )VP )S )VP . '' )S  STOP
(S (S (NP NBC )NP (VP had (NP (NP (NP five )NP (PP of (NP the top 10 )NP )PP )NP shows )NP )VP )S ; (S (S (NP ABC )NP (VP had (NP four )NP )VP )S and (S (NP CBS )NP (VP had (NP one )NP )VP )S )S . )S  STOP
(S (NP CBS )NP (VP held (NP (NP the previous record )NP (PP for (NP consecutive No. 1 *UNK )NP )PP (PRN -- (NP 46 weeks )NP -- )PRN )NP (PP during (NP the *UNKN season )NP )PP )VP . )S  STOP
(S (NP (NP Procter & Gamble Co. )NP , (NP Cincinnati )NP , )NP (S (VP expanding (NP (NP its presence )NP (PP in (NP the food service market )NP )PP )NP )VP )S , (VP said (SBAR (S (NP it )NP (VP acquired (NP (NP Maryland Club Foods )NP , (NP a coffee supplier )NP , )NP (PP from (NP (NP an investor group )NP (VP led (PP by (NP (NP F. Philip *UNKC )NP (PP of (NP (NP Winter Park )NP , (NP Fla )NP )NP )PP )NP )PP )VP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Terms )NP (VP were n't (VP disclosed )VP )VP . )S  STOP
(S (NP (NP *UNKED Maryland Club Foods )NP , (SBAR (WHNP which )WHNP (S (VP had (NP (NP sales )NP (PP of (NP (QP about $ 200 million )QP )NP )PP )NP (NP last year )NP )VP )S )SBAR , )NP (VP sells (NP coffee )NP (PP under (NP the Maryland Club and *UNKC brands )NP )PP (PP to (NP restaurants , hotels , offices and airlines )NP )PP )VP . )S  STOP
(S (S (NP The acquisition )NP `` (VP gives (NP us )NP (NP (NP (NP additional production capacity )NP (PP for (NP the food service coffee business )NP )PP )NP and (NP a stronger distribution network )NP )NP )VP )S , '' (NP a P&G spokesman )NP (VP said )VP . )S  STOP
(S (NP P&G )NP (ADVP already )ADVP (VP sells (NP its *UNKC ground *UNK coffee )NP (PP (PP to (NP food service concerns )NP )PP , but not (PP to (NP (NP as many markets )NP (PP as (NP Maryland Club )NP )PP )NP )PP )PP )VP . )S  STOP
(S (PP For (NP example )NP )PP , (NP P&G )NP (PP (ADVP up )ADVP until (NP now )NP )PP (VP (VP has n't (VP sold (NP coffee )NP (PP to (NP airlines )NP )PP )VP )VP and (VP does (NP only limited business )NP (PP with (NP (NP hotels )NP and (NP large restaurant chains )NP )NP )PP )VP )VP . )S  STOP
(S (NP Maryland Club )NP (ADVP also )ADVP (VP distributes (NP (NP tea )NP , (SBAR (WHNP which )WHNP (S (VP fits (ADVP well )ADVP (PP with (NP (NP P&G 's )NP (NX (NX *UNKC *UNKC brand )NX , and (NX hot cocoa products )NX )NX )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP the acquisition )NP (VP has (VP been (VP completed and reviewed (PP by (NP the Federal Trade Commission )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The purchase )NP (VP includes (NP (NP (NP a *UNKING plant )NP (PP in (NP (NP Omaha )NP , (NP Neb. )NP , )NP )PP )NP and (NP (NP a leased facility )NP (PP in (NP Houston )NP )PP )NP )NP )VP . )S  STOP
(S (NP *UNKC *UNKC Ltd. )NP (VP said (SBAR (S (NP it )NP (VP borrowed (NP (NP (QP *UNKN million )QP Dutch guilders )NP (PRN -LRB- (NP (QP US$ 102 million )QP )NP -RRB- )PRN )NP (PP from (NP (NP a group )NP (PP of (NP Dutch institutional investors )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP a (NAC Vancouver , British Columbia , )NAC forest products concern )NP , )NP (VP said (SBAR (S (NP the (ADJP 8.1 % )ADJP loan )NP (VP is (ADJP due (NP Oct. 16 , 1996 )NP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (S (NP Funds )NP (VP will (VP be (VP used (S (S (VP to (VP repay (NP existing short-term debt )NP )VP )VP )S and (S (VP to (VP finance (NP capital spending )NP )VP )VP )S )S )VP )VP )VP )S , (NP it )NP (VP said )VP . )S  STOP
(S (S (NP President Bush )NP (VP will (VP veto (NP (NP a bill )NP (VP funding (NP (NP the *UNKC )NP (PP of (NP (NP Labor )NP , (NP Education )NP and (NP Health and Human Services )NP )NP )PP )NP )VP )NP (SBAR because (S (NP it )NP (VP would (VP allow (NP (NP federal funding )NP (PP of (NP (NP abortions )NP (PP for (NP (NP victims )NP (PP of (NP rape and incest )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S , (NP the White House )NP (VP said )VP . )S  STOP
(S (NP Mr. Bush )NP (VP had (VP threatened (NP a veto )NP (ADVP previously )ADVP )VP )VP . )S  STOP
(S But (NP he )NP (VP put (PRT off )PRT (NP a firm decision )NP (SBAR while (S (NP his aides and legislators )NP (VP *UNKED (PP for (NP (NP a compromise )NP (SBAR (WHNP that )WHNP (S (VP would (VP *UNK (NP (NP requirements )NP (PP for (NP such abortions )NP )PP )NP (PP in (NP (NP a way )NP (ADJP acceptable (PP to (NP the president )NP )PP )ADJP )NP )PP )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP White House Press Secretary Marlin Fitzwater )NP (VP said (SBAR (S (NP (NP negotiations )NP (PP between (NP (NP Bush aides )NP and (NP lawmakers )NP )NP )PP )NP (VP ended (NP Monday )NP (PP without (NP success )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Most lawmakers )NP (VP think (SBAR (S (NP (NP it )NP )NP (VP will (VP be (ADJP extremely difficult )ADJP (SBAR for (S (NP (NP (NP Mr. Bush 's )NP opponents )NP (PP on (NP the abortion issue )NP )PP )NP (VP to (VP round (PRT up )PRT (NP (NP the votes )NP (VP needed (S (VP to (VP override (NP the veto )NP )VP )VP )S )VP )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP there )NP (ADVP still )ADVP (VP may (VP be (NP (NP (NP prolonged debate )NP and (NP political *UNKING )NP )NP (SBAR (WHNP that )WHNP (S (VP holds (ADVP up )ADVP (NP (NP the (ADJP (QP $ *UNKN billion )QP )ADJP funding bill )NP (PP for (NP (NP the fiscal year )NP (SBAR (WHNP that )WHNP (S (VP began (NP Oct. 1 )NP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP Mr. Bush )NP (VP has (VP said (SBAR (S (NP he )NP (ADVP personally )ADVP (VP *UNK (PP of (NP abortions )NP )PP (PP in (NP (NP the cases )NP (PP of (NP (NP rape )NP , (NP incest )NP and (NP (NP danger )NP (PP to (NP (NP the life )NP (PP of (NP the mother )NP )PP )NP )PP )NP )NP )PP )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S But (NP he )NP (VP has (VP opposed (NP (NP Medicaid funding )NP (PP of (NP abortions )NP )PP (PP for (NP (NP poor women )NP (SBAR (WHNP who )WHNP (S (VP say (SBAR (S (NP they )NP (VP are (NP (NP victims )NP (PP of (NP rape and incest )NP )PP )NP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP , (S (VP arguing (SBAR that (S (NP those exceptions )NP (VP are (VP *UNKED (ADVP (ADVP so *UNKLY )ADVP (SBAR that (S (NP they )NP (VP open (NP (NP the way )NP (PP for (NP (NP abortions )NP (PP for (NP other women )NP )PP )NP )PP )NP )VP )S )SBAR )ADVP )VP )VP )S )SBAR )VP )S )VP )VP . )S  STOP
(NP *UNKC : )NP  STOP
(S (NP Media General Inc. )NP (VP intends (S (VP to (VP sell (NP (NP (NP two )NP (PP of (NP its West Coast weekly newspaper chains )NP )PP )NP (PRN , (NP (NP Golden West Publishing Inc. )NP and (NP *UNKC Publications )NP )NP , )PRN (SBAR (WHNP which )WHNP (S (ADVP together )ADVP (VP *UNK (NP 31 papers )NP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (NP Media General )NP (VP said (SBAR (S (NP it )NP (VP (VP has (VP had (NP (NP inquiries )NP (PP from (NP potential buyers )NP )PP )NP )VP )VP and (VP expects (S (VP to (VP complete (NP a sale )NP (PP in (NP 1989 )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP would n't (VP discuss (NP a price )NP )VP )VP . )S  STOP
(S (NP Lee *UNKC & Associates )NP (VP is (S (VP to (VP sell (NP the chains )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC Morgan & Co. )NP , (NP New York )NP , )NP (VP will (VP help (NP (NP the statutory managers )NP (PP of (NP *UNKC New Zealand Ltd. )NP )PP )NP (S (VP to (VP evaluate (NP (NP the failed investment bank 's )NP condition )NP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP Earlier (NP this month )NP )ADVP , (NP (NP (NP the Reserve Bank )NP (PP of (NP New Zealand )NP )PP )NP , (NP (NP the country 's )NP central bank )NP , )NP (VP appointed (NP the managers )NP (S (VP to (VP (VP run (NP the investment bank )NP )VP and (VP pay (NP creditors )NP )VP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (VP asked (NP the central bank )NP (S (VP to (VP *UNK (NP managers )NP )VP )VP )S (SBAR after (S (NP it )NP (VP revised (NP loan-loss provisions )NP (PP to (NP (NP around the same level )NP (PP of (NP (NP (NP shareholders ' )NP funds )NP (PP of (NP (NP (QP 180 million )QP New Zealand dollars )NP (PRN -LRB- (NP (QP US$ *UNKN million )QP )NP -RRB- )PRN )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP is (VP (VP held (NP 80 % )NP (PP by (NP (NP National *UNKC Fund )NP , (NP (NP New Zealand 's )NP largest pension fund )NP )NP )PP )VP , and (VP (NP 20 % )NP (PP by (NP (NP Salomon Brothers Inc. )NP , (NP (NP the (ADJP *UNK- and *UNK- )ADJP subsidiary )NP (PP of (NP (NP Salomon Inc. )NP (PP in (NP New York )NP )PP )NP )PP )NP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP A spokeswoman )NP (PP for (NP (NP *UNKC Morgan )NP , (NP (NP parent )NP (PP of (NP the bank Morgan *UNKC Trust Co. )NP )PP )NP , )NP )PP )NP (VP (VP confirmed (NP its appointment (S (VP to (VP assist (NP the managers )NP )VP )VP )S )NP )VP but (VP declined (S (VP to (VP elaborate )VP )VP )S )VP )VP . )S  STOP
(S (NP The managers )NP (VP said (PP in (NP a brief statement )NP )PP (NP yesterday )NP (SBAR that (S (NP Morgan )NP (VP will (VP (VP help (S (VP evaluate (NP (NP *UNKC 's )NP position )NP )VP )S )VP and (VP help (S (VP determine (NP alternatives )NP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The managers )NP (VP do n't (VP expect (S (VP to (VP complete (NP the evaluation )NP (PP until (NP Nov. 30 )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP An experimental vaccine )NP (VP can (VP alter (NP (NP the immune response )NP (PP of (NP (NP people )NP (VP infected (PP with (NP the AIDS virus )NP )PP )VP )NP )PP )NP )VP )VP )S , (NP a prominent U.S. scientist )NP (VP said )VP . )S  STOP
(S (ADVP However )ADVP , (NP that )NP (VP does n't (VP mean (SBAR (S (NP they )NP (VP can (VP benefit (PP from (NP the vaccine )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Its effectiveness )NP (VP ca n't (VP be (VP determined (SBAR until (S (NP a large clinical trial )NP (VP is (VP undertaken (PP by (NP the Army )NP )PP (PP in (NP January )NP )PP )VP )VP )S )SBAR , (PP according (PP to (NP (NP Robert *UNKC )NP , (NP (NP chief )NP (PP of (NP acquired immune *UNK syndrome research )NP )PP (PP at (NP (NP Walter Reed Army Institute )NP (PP of (NP Research )NP )PP )NP )PP )NP )NP )PP )PP )VP )VP )VP . )S  STOP
(S (NP (NP (NP Dr. *UNKC 's )NP report )NP (PP on (NP (NP early experiments )NP (VP using (NP (NP an AIDS vaccine )NP (VP made (PP by (NP (NP *UNKC Inc. )NP (PP of (NP (NP West Haven )NP , (NP Conn. )NP )NP )PP )NP )PP )VP )NP )VP )NP )PP )NP , (VP came (PP at (NP (NP a meeting )NP (PP of (NP AIDS vaccine researchers )NP )PP )NP )PP (PP in (NP Florida )NP )PP (NP late Monday )NP )VP . )S  STOP
(S (NP (NP The vaccine )NP , (NP *UNKC *UNKC )NP , )NP (VP has (VP been (VP (ADVP *UNKLY )ADVP given (PP to (NP (NP 14 people )NP , (SBAR (WHNP some (WHPP of (WHNP whom )WHNP )WHPP )WHNP (S (VP are (VP experiencing (NP (NP substantial increases )NP (PP in (NP certain *UNK )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S `` (S (NP The conventional wisdom )NP (VP used (S (VP to (VP be (SBAR that (S (NP you )NP (VP could n't (VP *UNK (NP (NP the immune response )NP (PP of (NP an infected individual )NP )PP )NP '' (PP by (S (VP *UNKING (NP them )NP (PP with (NP synthetic *UNK proteins )NP )PP )VP )S )PP )VP )VP )S )SBAR )VP )VP )S )VP )S , (NP Dr. *UNKC )NP (VP said )VP . )S  STOP
(S `` (NP We )NP (VP 've (VP demonstrated (SBAR that (S (NP you )NP (VP can )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP certain *UNK )NP (VP developed (NP (NP (NP kinds )NP (PP of (NP *UNK )NP )PP )NP (VP associated (PP with (NP early AIDS )NP )PP )VP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Other *UNK )NP (VP sparked (PP by (NP the *UNK )NP )PP )VP )NP (VP are (PP of (NP (NP a sort )NP (ADJP rarely present (PP in (NP large quantities )NP )PP (PP in (NP (ADJP infected or ill )ADJP individuals )NP )PP )ADJP )NP )PP )VP )S , (NP he )NP (VP added )VP . )S  STOP
(S (NP (NP One )NP (PP of (NP (NP the *UNK )NP (PP of (NP AIDS )NP )PP )NP )PP )NP (VP remains (SBAR (WHADVP why )WHADVP (S (NP infected people )NP (VP (VP produce (NP (NP large quantities )NP (PP of (NP *UNK )NP )PP )NP )VP , but (VP *UNK (ADVP nonetheless )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Cross & *UNKC Corp. )NP (VP said (SBAR (S (NP it )NP (VP reached (NP an agreement (S (VP to (VP sell (NP its *UNKC division )NP (PP to (NP (NP (ADJP recently created )ADJP Murata *UNKC Inc. )NP , (NP (NP a U.S. affiliate )NP (PP of (NP (NP Murata *UNKC Ltd. )NP (PP of (NP (NP *UNKC )NP , (NP Japan )NP )NP )PP )NP )PP )NP )NP )PP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The agreement )NP (ADVP also )ADVP (VP includes (NP (NP the purchase )NP (PP of (NP (NP Cross & *UNKC 's )NP (NP Warner & *UNKC (PRN -LRB- (NP Switzerland )NP -RRB- )PRN AG unit )NP )NP )PP (PP by (NP (NP a European affiliate )NP (PP of (NP Murata *UNKC )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP Cross & *UNKC )NP (VP is (ADVP also )ADVP (VP selling (NP (NP its equity interest )NP (PP in (NP (NP a Japanese joint venture )NP , (NP Murata Warner *UNKC )NP , )NP )PP )NP (PP to (NP Murata *UNKC )NP )PP )VP )VP . )S  STOP
(S (NP (NP Cross & *UNKC )NP , (NP a (NAC *UNKC Hills , Mich. , )NAC *UNK- maker )NP , )NP (VP said (SBAR (S (NP (NP the net sales price )NP (PP of (NP the total transaction )NP )PP )NP (VP is (NP (QP $ 24 million )QP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNKC division )NP (VP was (NP (NP one )NP (PP of (NP (NP three businesses )NP (VP put (PRT up )PRT (PP for (NP sale )NP )PP (PP in (NP (NP (NP Cross & *UNKC 's )NP restructuring program )NP (VP announced (PP in (NP July )NP )PP )VP )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(S (NP Cross & *UNKC )NP (VP said (SBAR (S (NP (NP negotiations )NP )NP (VP are (PP under (NP way )NP )PP (PP for (NP (NP the sale )NP (PP of (NP (NP another company )NP , (NP *UNKC )NP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The average interest rate )NP (VP fell (PP to (NP *UNKN % )NP (PP at (NP (NP Citicorp 's )NP (NP (NP (NP (ADJP (QP $ 50 million )QP )ADJP weekly auction )NP (PP of (NP *UNK- commercial paper )NP )PP )NP , or (NP corporate *UNKC )NP )NP )NP )PP )PP , (PP from (NP *UNKN % )NP (PP at (NP (NP last week 's )NP sale )NP )PP )PP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (VP totaling (NP (QP $ *UNKN million )QP )NP )VP )NP (VP were (VP submitted )VP )VP )S , and (S (NP accepted bids )NP (VP were (PP at (NP *UNKN % )NP )PP )VP )S . )S  STOP
(S (NP Citicorp )NP (ADVP also )ADVP (VP said (SBAR that (S (NP the average rate )NP (VP fell (PP to (NP *UNKN % )NP (PP at (NP (NP its (ADJP (QP $ 50 million )QP )ADJP auction )NP (PP of (NP *UNK- commercial paper )NP )PP )NP )PP )PP (PP from (NP *UNKN % )NP (PP at (NP (NP last week 's )NP sale )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (VP totaling (NP (QP $ *UNKN million )QP )NP )VP )NP (VP were (VP submitted )VP )VP )S , and (S (NP accepted bids )NP (VP were (PP at (NP *UNKN % )NP )PP )VP )S . )S  STOP
(S (NP The bank holding company )NP (VP will (VP auction (NP (NP another (QP $ 50 million )QP )NP (PP of (NP commercial paper )NP )PP (PP in (NP each maturity )NP )PP )NP (PP next (NP Tuesday )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC S.A. )NP (VP (VP reported (SBAR (S (NP its 1989 first-half profit )NP (VP soared (NP 88 % )NP )VP )S )SBAR )VP , and (VP indicated (SBAR that (S (NP (NP its previous estimate )NP (PP of (NP (NP a 50 % rise )NP (PP in (NP earnings )NP )PP (PP for (NP (NP all )NP (PP of (NP 1989 )NP )PP )NP )PP )NP )PP )NP (VP will (VP be (VP exceeded (PP by (NP a wide margin )NP )PP )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The French electronics and defense group )NP (VP said (SBAR (S (NP (NP *UNK consolidated net profit )NP (PP for (NP (NP the first six months )NP (PP of (NP 1989 )NP )PP )NP )PP )NP (VP totaled (NP (NP (NP (QP *UNKN million )QP francs )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP , (PP compared (PP with (NP (NP (QP 130 million )QP francs )NP (PRN -LRB- (NP (QP $ 20.5 million )QP )NP -RRB- )PRN (PP in (NP (NP the corresponding period )NP (FRAG (PP of )PP )FRAG )NP )PP )NP )PP )PP )NP )VP )S )SBAR )VP )S  STOP
(S (NP Operating profit )NP (VP climbed (NP 51 % )NP , (PP to (NP (QP *UNKN million )QP francs )NP )PP (PP from (NP (NP (QP *UNKN million )QP )NP (PP in (NP (NP the first half )NP (PP of (NP 1988 )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP (NP the sharp improvement )NP (PP in (NP net profit )NP )PP )NP (VP (ADVP partly )ADVP reflected (NP (NP a decline )NP (PP of (NP (QP 59 million )QP francs )NP )PP (PP in (NP (NP the group 's )NP net loss )NP )PP (PP from (NP (NP *UNKING items )NP (PP in (NP (NP the first half )NP (PP of (NP this year )NP )PP )NP )PP )NP )PP (PP to (NP (QP 104 million )QP francs )NP )PP (PP from (NP *UNKN million )NP (ADVP (NP a year )NP earlier )ADVP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP There )NP (VP was (ADVP also )ADVP (NP (NP a decline )NP (PP in (NP (NP the group 's )NP net financial costs )NP )PP (PP to (NP (QP 25 million )QP francs )NP )PP (PP from (NP (QP 50 million )QP )NP (ADVP (NP a year )NP before )ADVP )PP )NP )VP . )S  STOP
(S (NP These movements )NP (VP were (VP offset , (ADVP however )ADVP , (PP by (NP (NP a steep rise )NP (PP in (NP corporate income tax payments )NP )PP (PP to (NP (QP *UNKN million )QP francs )NP )PP (PP from (NP (QP 35 million )QP )NP (PP in (NP (NP the first six months )NP (PP of (NP 1988 )NP )PP )NP )PP )PP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP (NP the sharp rise )NP (PP in (NP its first-half earnings )NP )PP )NP (VP was (VP based (PP on (NP (NP a (ADJP 15 % )ADJP gain )NP (PP in (NP consolidated revenue )NP )PP (PP to (NP (QP *UNKN billion )QP francs )NP )PP (PP from (NP (QP *UNKN billion )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Rep. Lee Hamilton )NP (PRN -LRB- (NP D. )NP , (NP *UNKC . )NP -RRB- )PRN )NP (VP said (SBAR (S (NP (NP he )NP and (NP (NP Rep. *UNKC *UNKC )NP (PRN -LRB- (NP D. )NP , (NP *UNKC . )NP -RRB- )PRN )NP )NP (VP are (VP backing (ADVP away (PP from (NP their proposal (S (VP to (VP make (S (NP the Treasury Secretary )NP (NP (NP a voting member )NP (PP of (NP (NP the Federal Reserve panel )NP (SBAR (WHNP that )WHNP (S (VP sets (NP monetary policy )NP )VP )S )SBAR )NP )PP )NP )S )VP )VP )S )NP )PP )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Rep. Hamilton )NP (VP said (SBAR (S (NP the bill )NP (VP will (VP be (VP *UNKED (ADVP substantially )ADVP (S (VP to (VP call (PP for (NP (NP two meetings )NP (NP each year )NP (PP between (NP (NP (NP the Fed 's )NP open market committee )NP and (NP (NP the Treasury Secretary )NP , (NP (NP the chairman )NP (PP of (NP (NP the Council )NP (PP of (NP Economic Advisers )NP )PP )NP )PP )NP and (NP (NP the director )NP (PP of (NP (NP the Office )NP (PP of (NP Management and Budget )NP )PP )NP )PP )NP )NP )NP )PP )NP )PP )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The original bill )NP (VP was (VP (VP (ADVP strongly )ADVP opposed (PP by (NP the Fed )NP )PP )VP and (VP (ADVP publicly )ADVP criticized (PP by (NP (NP friends )NP (PP of (NP the Fed )NP )PP )NP )PP (PP as (NP an attempt (S (VP to (VP undermine (NP (NP the central bank 's )NP independence )NP )VP )VP )S )NP )PP )VP )VP )VP . )S  STOP
(S (NP Fed critics )NP , (ADVP however )ADVP , (VP hailed (NP it )NP (PP as (NP a (ADJP long overdue )ADJP attempt (S (VP to (VP bring (NP (NP a measure )NP (PP of (NP *UNK and democracy )NP )PP )NP (PP to (NP (NP the setting )NP (PP of (NP monetary policy )NP )PP )NP )PP )VP )VP )S )NP )PP )VP . )S  STOP
(S (NP Rep. Hamilton )NP (VP said (SBAR (S (NP (NP the purpose )NP (PP of (NP the meetings )NP )PP )NP (VP would (VP be (S (VP to `` (VP improve (NP (NP (NP communications )NP and (ADVP perhaps )ADVP (NP *UNK )NP )NP (PP between (NP (NP the executive branch )NP and (NP the Fed )NP )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Fed Chairman Alan Greenspan )NP (VP (VP meets (ADVP regularly )ADVP (PP for (NP lunch )NP )PP (PP with (NP Treasury Secretary Nicholas Brady )NP )PP )VP and (VP talks (ADVP frequently )ADVP (PP with (NP (NP Budget Director Richard Darman )NP and (NP (NP Michael *UNKC )NP , (NP (NP chairman )NP (PP of (NP (NP the Council )NP (PP of (NP Economic Advisers )NP )PP )NP )PP )NP )NP )NP )PP )VP )VP . )S  STOP
(S (NP The administration officials )NP (VP do n't (ADVP *UNKLY )ADVP (VP meet (PP with (NP (NP the entire membership )NP (PP of (NP the open market committee )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC *UNKC Co. )NP (VP said (SBAR (S (NP third-quarter profits )NP (VP dropped (NP 34 % )NP (PP because of (NP (NP lower prices )NP (PP for (NP (NP *UNK *UNK materials )NP , (NP (NP the company 's )NP largest product group )NP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Net )NP (VP fell (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ 1.50 )NP (NP a share )NP )NP )NP )PP , (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP , (ADVP (NP a year )NP earlier )ADVP )PP )VP . )S  STOP
(S (NP (NP Sales )NP (PP for (NP the quarter )NP )PP )NP (VP slipped (NP 2.7 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(SINV (S (S (NP *UNKC *UNK capacity )NP `` (VP has (VP *UNK (NP demand )NP )VP )VP )S and (S (NP we )NP (VP are (VP experiencing (NP reduced profit margins )NP (PP as (NP a result )NP )PP )VP )VP )S )S , '' (VP said )VP (NP (NP John D. *UNKC )NP , (NP (NP chairman )NP and (NP chief executive )NP )NP )NP . )SINV  STOP
(S (S (NP (NP Prices )NP (PP for (NP *UNK- *UNKC *UNK )NP )PP )NP (VP have (VP dropped (NP (QP more than 15 )QP % )NP (PP since (NP last December )NP )PP )VP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (NP The plastic *UNK )NP (VP is (VP used (PP in (NP (NP (NP a wide range )NP (PP of (NP products )NP )PP )NP , (PP including (NP (NP *UNKING )NP , (NP *UNK )NP and (NP electrical wire *UNK )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC 's )NP *UNK- segment )NP (VP reported (NP (NP operating profit )NP (PP for (NP the quarter )NP )PP (PP of (NP (NP (QP $ *UNKN million )QP )NP , (NP (NP (QP less than half the $ *UNKN million )QP )NP (PP of (NP the year-earlier quarter )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Third-quarter operating profit )NP (PP of (NP the *UNK- group )NP )PP )NP (VP declined (ADVP slightly )ADVP (PP to (NP (QP $ *UNKN million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S But (NP (NP operating profit )NP (PP from (NP aerospace products )NP )PP )NP (VP rose (NP (QP nearly 50 )QP % )NP (PP to (NP (QP $ 15 million )QP )NP )PP (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (PP In (NP New York Stock Exchange composite trading )NP )PP , (NP (NP shares )NP (PP of (NP the (ADJP *UNKC , *UNKED )ADJP company )NP )PP )NP (VP fell (NP $ *UNKN )NP (PP to (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (S (NP (NP Fiat S.p . A. )NP , (NP (NP Italy 's )NP leading industrial group )NP , )NP (VP is (VP conducting (NP (NP `` concrete '' talks )NP (PP with (NP (NP West Germany 's )NP Daimler-Benz AG )NP )PP (PP on (NP (NP a series )NP (PP of (NP projects )NP )PP (PP in (NP the aerospace sector )NP )PP )NP )PP )NP )VP )VP )S , (NP Fiat officials )NP (VP said )VP . )S  STOP
(S (ADVP However )ADVP , (NP the officials )NP (VP said (SBAR (S (NP (NP it )NP )NP (VP was (ADJP too early )ADJP (S (VP to (VP (VP disclose (NP (NP the nature )NP (PP of (NP the proposed projects )NP )PP )NP )VP or (VP indicate (SBAR (WHADVP when )WHADVP (S (NP the talks )NP (VP might (VP be (VP concluded )VP )VP )VP )S )SBAR )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Daimler-Benz Chairman *UNKC *UNKC )NP (VP told (NP (NP (NP Milan 's )NP financial daily )NP (NX *UNK *UNKC 24 *UNKC )NX )NP (SBAR that (S (NP (NP talks )NP )NP (VP are (VP taking (NP place )NP (PP between (NP (NP both companies ' )NP aerospace units )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (SBAR While (S (NP (NP Mr. *UNKC 's )NP comments )NP (VP *UNK (NP us )NP (ADVP very much )ADVP )VP )S )SBAR , (NP there )NP (ADVP currently )ADVP (VP are (NP (NP no talks )NP (PP in (NP progress )NP )PP (VP regarding (NP the automotive industry )NP )VP )NP )VP )S , '' (NP a Fiat spokeswoman )NP (VP said )VP . )S  STOP
(S (PP In (NP the interview )NP )PP , (NP Mr. *UNKC )NP (VP said (SBAR (S (S (NP he )NP (VP is (VP thinking (ADVP *UNK )ADVP (PP of (NP (NP cooperation )NP (PP in (NP the truck sector )NP )PP )NP )PP )VP )VP )S , but `` (S (PP in (NP the long run )NP )PP , (NP I )NP (VP do n't (VP want (S (VP to (VP rule (PRT out )PRT (SBAR that (S (NP we )NP (VP can (ADVP also )ADVP (VP come (ADJP (NP a bit )NP closer (PP in (NP personal cars )NP )PP )ADJP )VP )VP )S )SBAR )VP )VP )S )VP )VP )S )S )SBAR )VP . '' )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP Italy analyst )NP (PP for (NP (NP County *UNKC Securities )NP (PP in (NP London )NP )PP )NP )PP )NP , )NP (VP said (SBAR that (S (ADVP right now )ADVP `` (NP the market )NP (VP is n't (VP being (VP influenced (PP by (NP (NP that kind )NP (PP of (NP news )NP )PP )NP )PP )VP )VP )VP )S )SBAR , '' (UCP (S (VP referring (PP to (NP (NP the *UNK nature )NP (PP of (NP (NP the talks )NP (VP mentioned (PP by (NP Mr. *UNKC )NP )PP )VP )NP )PP )NP )PP )VP )S and (PP by (NP (NP the uncertainty )NP (VP surrounding (NP world stock exchanges )NP (NP this week )NP )VP )NP )PP )UCP )VP . )S  STOP
(S (NP Paul *UNKC )NP (VP was (VP named (S (NP (NP (NP president )NP )NP , (NP (NP chief executive officer )NP )NP and (NP (NP chairman )NP )NP (PP of (NP this oil and natural gas company )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP He )NP (VP succeeds (NP (NP John A. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP resigned (PP for (NP personal reasons )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP had (VP been (NP (NP president )NP (PP of (NP (NP Penn Pacific 's )NP National Southwest Capital Group subsidiary )NP )PP )NP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP will (VP remain (PP with (NP Penn Pacific )NP )PP (PP as (NP (NP a director )NP and (NP (NP a member )NP (PP of (NP the executive committee )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (S (NP He )NP (VP has (ADVP also )ADVP (VP agreed (S (VP to (VP become (NP (NP president )NP (PP of (NP (NP a new subsidiary )NP (SBAR (S (VP to (VP be (VP formed (S (VP to (VP make (NP future acquisitions )NP )VP )VP )S )VP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP *UNKED investors )NP , (PP despite (NP their *UNK (S (VP to (VP dump (NP takeover stocks )NP )VP )VP )S )NP )PP , (VP should (VP hold (PRT on )PRT (ADVP tight )ADVP (PP to (NP their Jaguar shares )NP )PP )VP )VP . )S  STOP
(S (NP That )NP (VP 's (NP (NP the view )NP (PP of (NP (NP some analysts )NP (ADVP here )ADVP (SBAR (WHNP who )WHNP (S (VP argue (SBAR that (S (NP (NP (NP Britain 's )NP leading maker )NP (PP of (NP luxury cars )NP )PP )NP (ADVP still )ADVP (VP may (VP have (S (NP two U.S. auto giants )NP (VP *UNKING (PP for (NP it )NP )PP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP Yesterday )NP , (NP Ford Motor )NP (VP disclosed (SBAR that (S (NP it )NP (VP has (VP raised (NP (NP its holding )NP (PP in (NP Jaguar )NP )PP )NP (PP to (NP 10.4 % )NP )PP (PP from (NP 5 % )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Both (NP (NP Ford )NP and (NP its rival General Motors )NP )NP )NP (ADVP recently )ADVP (VP set (NP their *UNK )NP (PP on (S (VP *UNKING (NP (NP significant minority stakes )NP (PP in (NP the British company )NP )PP )NP )VP )S )PP )VP . )S  STOP
(S (NP (NP Ford 's )NP latest move )NP (VP increases (NP (NP the pressure )NP (PP on (NP GM )NP )PP (S (VP to (VP complete (NP (NP its current talks )NP (PP with (NP Jaguar )NP )PP )NP (ADVP quickly )ADVP )VP )VP )S )NP )VP . )S  STOP
(S (S (NP GM )NP (VP is (ADJP likely (S (VP to (VP reach (NP (NP the cooperative operating pact )NP (SBAR (S (NP it )NP (VP has (VP been (VP seeking )VP )VP )VP )S )SBAR )NP (PP in (NP about two weeks )NP )PP )VP )VP )S )ADJP )VP )S , (NP *UNK individuals )NP (VP say )VP . )S  STOP
(S (PP At (NP that point )NP )PP (NP investors )NP (VP may (VP face (NP a long , *UNK ride )NP )VP )VP . )S  STOP
(S (NP (NP A *UNK )NP (PP in (NP (NP the fight )NP (PP for (NP Jaguar )NP )PP )NP )PP )NP (VP may not (VP emerge (PP until (PP after (NP (NP the expiration )NP (NP late next year )NP (PP of (NP British government takeover restrictions )NP )PP )NP )PP )PP )VP )VP . )S  STOP
(S (NP The curbs )NP (VP prevent (NP a buyer )NP (PP from (S (VP purchasing (NP (NP (QP more than 15 )QP % )NP (PP of (NP Jaguar shares )NP )PP )NP (PP without (NP permission )NP )PP )VP )S )PP )VP . )S  STOP
(SINV `` (S (NP This )NP (VP is (NP an (ADJP *UNKLY odd )ADJP takeover battle )NP )VP )S , '' (VP says )VP (NP (NP London analyst )NP (NP (NP Christopher Will )NP (PP of (NP Shearson Lehman Hutton )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP Jaguar 's )NP American depositary receipts )NP (VP were (ADVP up (NP 3\/8 )NP )ADVP (NP yesterday )NP (PP in (NP a down market )NP )PP , (S (VP closing (PP at (NP 10 3\/8 )NP )PP )VP )S )VP . )S  STOP
(S -LRB- (NP (NP Jaguar 's )NP *UNKC )NP (VP make (S (NP the company )NP (NP (NP one )NP (PP of (NP (NP the (ADJP (ADVP most widely )ADVP held )ADJP United Kingdom stocks )NP (PP in (NP the U.S. )NP )PP )NP )PP )NP )S , (SBAR with (S (NP (NP (QP more than *UNK- )QP )NP (PP of (NP its shares )NP )PP )NP (VP owned (ADVP there )ADVP )VP )S )SBAR )VP . -RRB- )S  STOP
(S (NP Jaguar )NP (VP topped (NP (NP the *UNK- list )NP (PP for (NP the U.S. over-the-counter market )NP )PP )NP (NP Monday )NP )VP . )S  STOP
(S And (PP on (NP (NP London 's )NP Stock Exchange )NP )PP (NP Monday )NP , (NP (NP (QP 18.5 million )QP shares )NP )NP (VP were (VP traded , (PP (ADVP far )ADVP above (NP the usual volume )NP )PP )VP )VP . )S  STOP
(S (NP (NP Ford 's )NP share purchases )NP (ADVP *UNKLY )ADVP (VP accounted (PP for (NP (NP much )NP (PP of (NP (NP Monday 's )NP heavy trading )NP )PP )NP )PP )VP . )S  STOP
(S (NP Last week )NP , (NP many Jaguar shareholders )NP (VP (VP took (NP their money )NP )VP and (VP ran )VP )VP . )S  STOP
(S (NP *UNKC (SBAR that (S (NP (NP Ford 's )NP *UNK )NP (VP might (VP be (VP *UNKING )VP )VP )VP )S )SBAR )NP (VP put (NP Jaguar shares )NP (PP into (NP reverse )NP )PP (SBAR after (S (NP GM )NP (VP confirmed (NP (NP its friendly negotiations )NP (PP with (NP Jaguar )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP yesterday 's )NP announcement )NP (VP indicates (SBAR that (S (NP Ford )NP (VP has n't (VP lost (NP interest )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Both (NP (NP (NP Shearson 's )NP *UNK . Will )NP and (NP (NP Stephen *UNKC )NP , (NP (NP European auto analyst )NP (PP at (NP the London brokerage firm *UNKC & Drew )NP )PP )NP )NP )NP )NP , (ADVP recently )ADVP (VP switched (NP their Jaguar recommendations )NP (PP to (NP hold )NP )PP (PP from (NP buy )NP )PP )VP . )S  STOP
(S `` (S (VP *UNKC (ADVP tight )ADVP '' (PP through (NP the coming volatility )NP )PP )VP )S , (NP Mr. *UNKC )NP (VP suggests , (SBAR though (S (NP he )NP (VP concedes (SBAR that (S (NP many small investors )NP (VP will (VP find (S (NP (NP Jaguar 's )NP *UNK )NP `` (ADJP too hard (SBAR (S (VP to (VP *UNK )VP )VP )S )SBAR )ADJP )S )VP )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S But (NP a crucial point )NP (VP is (SBAR (WHADVP how )WHADVP (S (NP Ford )NP (VP *UNK (SBAR (WHADVP when )WHADVP (S (NP (NP GM )NP , (NP (NP the world 's )NP largest auto maker )NP , )NP (VP firms (PRT up )PRT (NP (NP its proposed deal )NP (PP with (NP Jaguar )NP )PP )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (PP At (NP the moment )NP )PP , (NP Ford executives )NP (VP will (VP say (NP (NP little )NP (PP beyond (S (VP *UNKING (NP their desire (S (VP to (VP raise (NP (NP Ford 's )NP Jaguar stake )NP (PP to (NP (QP about 15 )QP % )NP )PP )VP )VP )S )NP )VP )S )PP )NP )VP )VP . )S  STOP
(S (NP GM )NP (VP is (VP expected (S (VP to (VP (VP *UNK (NP (NP (QP roughly # 200 million )QP )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP (PP by (S (VP acquiring (NP some Jaguar shares )NP )VP )S )PP )VP , and (VP (ADVP then )ADVP win (NP (NP (NP Jaguar management 's )NP promise )NP (PP of (NP an eventual (ADJP 30 % )ADJP stake )NP )PP )NP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP Analysts )NP (VP believe (SBAR (S (NP the car makers )NP (ADVP also )ADVP (VP will (VP create (NP (NP joint ventures )NP (SBAR (S (VP to (VP develop (NP new executive models )NP )VP )VP )S )SBAR )NP , (S (VP doubling (NP (NP (NP Jaguar 's )NP yearly output )NP (PP of (NP 50,000 cars )NP )PP )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Jaguar shareholders )NP (VP would (VP have (S (VP to (VP *UNK (NP such a far-reaching accord )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP Ford )NP (VP might (VP challenge (NP the proposal )NP (PP by (S (VP offering (NP a full bid )NP )VP )S )PP (SBAR if (S (NP (NP holders )NP and (NP the U.K. government )NP )NP (VP agreed (S (VP to (VP drop (NP the anti-takeover barrier )NP (ADVP early )ADVP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S `` (S (NP I )NP (VP think (SBAR (S (NP Ford )NP (VP is (VP going (S (VP to (VP come (PRT out )PRT (PP with (S (NP full *UNK )NP (VP *UNKING )VP )S )PP )VP )VP )S )VP )VP )S )SBAR )VP )S , '' (NP Mr. Reitman )NP (VP says )VP . )S  STOP
(S `` (NP Ford )NP (VP wants -LCB- (NP Jaguar )NP -RCB- (ADVP very much )ADVP )VP . '' )S  STOP
(S (NP (NP U.S. takeover-stock speculators )NP , (SBAR (WHNP who )WHNP (S (VP may (VP own (NP (NP (QP between 20 % and 30 % )QP )NP (PP of (NP Jaguar )NP )PP )NP )VP )VP )S )SBAR , )NP (VP could (VP give (NP Ford )NP (NP enough votes (S (VP to (VP block (NP the GM deal )NP )VP )VP )S )NP )VP )VP . )S  STOP
(S (NP GM )NP (VP might (VP *UNK )VP )VP . )S  STOP
(S (ADVP Then )ADVP , (NP *UNK . Will )NP (VP says , `` (SBAR (S (NP you )NP (VP get (NP (NP a bidding war )NP (PP between (NP two (ADJP very rich )ADJP , (ADJP very determined )ADJP international companies )NP )PP )NP )VP )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP believes (SBAR (S (NP (NP Jaguar 's )NP share price )NP (VP could (VP *UNK (PP to (NP (NP (QP between # 8 and # 10 )QP )NP (PRN -LRB- (NP (QP $ *UNKN to $ *UNKN )QP )NP -RRB- )PRN )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP There )NP (VP 's (NP (NP (NP quite a bit )NP (PP of (NP value )NP )PP )NP (VP left (PP in (NP (NP the -LCB- (NP Jaguar )NP -RCB- shares )NP (ADVP here )ADVP )NP )PP )VP )NP (SBAR (ADVP even )ADVP though (S (NP they )NP (VP have (VP run (PRT up )PRT '' (ADVP lately )ADVP )VP )VP )S )SBAR )VP )S , (VP says )VP (NP (NP *UNKC Johnson )NP , (NP (NP a fund manager )NP (PP for (NP *UNKED *UNKC Asset Management )NP )PP )NP )NP . )SINV  STOP
(S (PP At (NP the moment )NP )PP , (NP he )NP (VP intends (S (VP to (VP keep (NP (NP the firm 's )NP *UNKN Jaguar shares )NP )VP )VP )S )VP . )S  STOP
(S (NP The risk )NP (VP is (SBAR that (S (NP (NP Jaguar 's )NP share price )NP (VP could (VP slump (SBAR if (S (NP (NP (NP GM 's )NP agreement )NP (PP with (NP Jaguar )NP )PP )NP (VP (ADVP effectively )ADVP *UNK (PRT out )PRT (NP its U.S. rival )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP (NP Ford 's )NP appetite (S (VP to (VP attack -LCB- (NP Jaguar )NP -RCB- )VP )VP )S )NP (VP could (VP (ADVP gradually )ADVP *UNK (PP over (NP time )NP )PP , (ADVP particularly )ADVP (SBAR if (S (NP Saab )NP (VP is (NP a (ADJP reasonably attractive )ADJP *UNK )NP )VP )S )SBAR )VP )VP )S , '' (VP says )VP (NP (NP John Lawson )NP , (NP (NP an auto analyst )NP (PP at (NP (NP London 's )NP Nomura Research Institute )NP )PP )NP )NP . )SINV  STOP
(S (S (NP He )NP (VP thinks (SBAR (S (NP Saab-Scania AB )NP (PP on (NP Friday )NP )PP (VP will (VP announce (NP (NP the sale )NP (PP of (NP (NP 50 % )NP (PP of (NP its car division )NP )PP )NP )PP (PP to (NP Ford )NP )PP )NP )VP )VP )S )SBAR )VP )S ; (S (NP the companies )NP (VP have (VP been (VP discussing (NP closer cooperation )NP (PP for (NP months )NP )PP )VP )VP )VP )S . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP (NP president )NP )NP and (NP (NP chief investment officer )NP )NP (PP of (NP *UNKC Capital *UNKC Inc. )NP )PP )NP , )NP (ADVP (NP two weeks )NP ago )ADVP (VP sold (NP (NP (NP his Cincinnati firm 's )NP *UNKN Jaguar *UNKC )NP )NP (PP at (NP (NP (QP about 10 )QP )NP (NP each )NP )NP )PP , (S (VP making (NP (NP a *UNK profit )NP (PP on (NP (NP a holding )NP (VP purchased (PP at (NP 4 7\/8 )NP )PP (PP in (NP early May )NP )PP )VP )NP )PP )NP )VP )S )VP . )S  STOP
(S `` (S (NP I )NP (VP thought (SBAR (S (NP (NP the *UNK )NP (PP of (S -LCB- (NP a bidding war )NP -RCB- (VP happening )VP )S )PP )NP (VP were (ADJP less )ADJP )VP )S )SBAR )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (PP Of (NP course )NP )PP , (NP that )NP (VP was (PP before (NP (NP Ford 's )NP latest move )NP )PP )VP . )S  STOP
(NP (NP Jaguar )NP (PRN -LRB- (NP OTC )NP ; (NP (NP *UNKC )NP : (NP *UNKC )NP )NP -RRB- )PRN )NP  STOP
(NP (NP Business )NP : (NP *UNKC cars )NP )NP  STOP
(NP (NP (NP Year )NP (VP ended (NP Dec. 31 , 1988 )NP )VP )NP : )NP  STOP
(NP (NP (NP Revenue )NP : (NP (QP $ 1.71 billion )QP )NP )NP )NP  STOP
(NP (NP Net income )NP : (NP (NP (QP $ *UNKN million )QP )NP ; or (NP (NP 25 cents )NP (NP a share )NP )NP )NP )NP  STOP
(NP (NP (NP First half )NP (VP ended , (NP June 30 , 1989 )NP )VP )NP : )NP  STOP
(NP (NP (NP Net loss )NP : (NP $ 1.7 million )NP )NP (PP vs. (NP (NP net income )NP : (NP (NP (QP $ *UNKN million )QP )NP ; or (NP (NP 12 cents )NP (NP a share )NP )NP )NP )NP )PP )NP  STOP
(NP (NP *UNKC daily trading volume )NP : (NP (NP (NP *UNKC shares )NP (ADJP outstanding )ADJP )NP : (NP (QP *UNKN million )QP )NP )NP )NP  STOP
(FRAG (NP *UNKC )NP : (S (NP All figures )NP (VP are (VP translated (PP into (NP U.S. dollars )NP )PP (PP based (PP on (NP current exchange rates )NP )PP )PP )VP )VP )S . )FRAG  STOP
(S (NP (NP *UNKC Sloan )NP , (ADJP (NP 60 years )NP old )ADJP )NP , (VP announced (SBAR that (S (NP he )NP (VP will (VP retire (NP next April )NP (PP as (NP (NP (NP chairman )NP )NP and (NP (NP chief executive officer )NP )NP (PP of (NP this *UNK food and *UNK products maker )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP No replacement )NP (VP was (ADVP immediately )ADVP (VP named )VP )VP . )S  STOP
(S (S (NP Mr. Sloan )NP (VP plans (S (VP to (VP remain (PP on (NP the board )NP )PP (SBAR until (S (NP his current term )NP (VP expires (PP in (NP April 1991 )NP )PP )VP )S )SBAR )VP )VP )S )VP )S , (NP a *UNKC spokesman )NP (VP said )VP . )S  STOP
(S (NP (NP Newport Electronics Inc. )NP (PP of (NP (NP Santa Ana )NP , (NP Calif. )NP , )NP )PP )NP (VP said (SBAR (S (NP (NP Milton B. Hollander )NP , (SBAR (WHNP who )WHNP (S (VP holds (NP a (ADJP *UNKN % )ADJP stake )NP )VP )S )SBAR , )NP (VP requested (NP (NP a special shareholders ' )NP meeting )NP (NP next Wednesday )NP (S (VP to (VP (VP remove (NP four current directors )NP )VP and (VP *UNK (NP an alternative slate )NP )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Mr. Hollander 's )NP (NP (NP High Technology Holding Co. )NP (PP of (NP (NP Stamford )NP , (NP Conn. )NP , )NP )PP )NP )NP (VP acquired (NP (NP most )NP (PP of (NP its stake )NP )PP )NP (NP last August )NP (PP in (NP (NP an (ADJP $ *UNK- )ADJP tender offer )NP (PP for (NP (NP Newport )NP , (NP (NP a maker )NP (PP of (NP *UNKING devices )NP )PP )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Newport )NP (VP said (SBAR (S (NP Mr. Hollander )NP (VP is (VP asking (NP shareholders )NP (S (VP to (VP retain (NP (NP only one director )NP , (NP James R. *UNKC )NP , (NP a Newport vice president )NP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (S (S (NP The board )NP (VP is n't (VP proposing (NP (NP a slate )NP (PP of (NP its own )NP )PP )NP )VP )VP )S and (S (NP the other four current directors )NP (VP do n't (VP want (S (VP to (VP serve (PP beyond (NP the special meeting date )NP )PP )VP )VP )S )VP )VP )S )S , (NP Newport )NP (VP said )VP . )S  STOP
(SINV (S (NP Mr. Hollander )NP `` (VP (VP is (NP the new owner )NP )VP and (VP wants (S (VP to (VP exercise (NP control )NP )VP )VP )S )VP )VP )S , '' (VP said )VP (NP (NP *UNKC B. Weekes )NP , (NP (NP Newport 's )NP chairman )NP )NP . )SINV  STOP
(S (NP (NP *UNKC AG )NP , (NP a major Swiss (ADJP chemical and pharmaceutical )ADJP group )NP , )NP (VP said (SBAR that (S (NP its group sales )NP (VP rose (NP 25 % )NP (PP to (NP (NP (QP *UNKN billion )QP francs )NP (PRN -LRB- (NP (QP $ *UNKN billion )QP )NP -RRB- )PRN )NP )PP (PP in (NP (NP the first nine months )NP (PP of (NP this year )NP )PP )NP )PP , (PP with (NP (NP strong gains )NP (PP in (NP all divisions )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (ADVP (NP A year )NP earlier )ADVP (NP sales )NP (VP totaled (NP (QP *UNKN billion )QP francs )NP )VP . )S  STOP
(S (NP (NP *UNKC currency rates )NP and (NP strong sales growth )NP )NP (VP led (PP to (NP (NP a substantial rise )NP (PP in (NP consolidated profit )NP )PP )NP )PP (PP in (NP the period )NP )PP , (SBAR although (S (NP the company )NP (VP did n't (VP provide (NP figures )NP , (SBAR as (S (VP is (ADJP *UNK )ADJP (PP with (NP Swiss companies )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP expects (NP (NP a `` substantial increase '' )NP (PP in (NP consolidated profit )NP )PP (PP for (NP the full year )NP )PP )NP , (S (VP barring (NP major currency rate changes )NP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC PLC )NP , (NP (NP a British maker )NP (PP of (NP (NP computer hardware )NP and (NP communications equipment )NP )NP )PP )NP , )NP (VP posted (NP (NP a (ADJP 52 % )ADJP plunge )NP (PP in (NP pretax profit )NP )PP (PP for (NP the latest year )NP )PP )NP )VP . )S  STOP
(S (NP The (QP # *UNKN million )QP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- (PP in (NP (NP pretax profit )NP (PP for (NP (NP the 12 months )NP (PP to (NP June 30 )NP )PP )NP )PP )NP )PP )PRN )NP (VP was (UCP (ADVP down (PP from (NP (NP (QP # 160 million )QP )NP (PRN -LRB- (NP (QP $ *UNKN million )QP )NP -RRB- )PRN )NP (ADVP (NP a year )NP earlier )ADVP )PP )ADVP and (PP below (NP (NP market expectations )NP (PP of (NP (QP # 80 million and # 90 million )QP )NP )PP )NP )PP )UCP )VP . )S  STOP
(S (NP (NP (NP The slump )NP (PP in (NP profit )NP )PP )NP , (SBAR (WHNP which )WHNP (S (VP came (PP despite (NP steady sales )NP )PP )VP )S )SBAR , )NP (VP was (VP attributed (PP to (NP (NP (NP increased costs )NP (PP for (NP parts )NP )PP )NP and (NP (NP problems )NP (PP with (NP model *UNK )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP (NP *UNKC 's )NP profit )NP (PP after (NP taxes )NP )PP )NP (VP fell (NP a (ADJP *UNKLY steep )ADJP 51 % )NP , (PP to (NP (QP # *UNKN million )QP )NP )PP (PP from (NP (QP # 105 million )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP . )S  STOP
(S (NP Sales )NP (VP edged (ADVP up )ADVP (ADVP *UNKLY )ADVP (PP to (NP (QP # *UNKN million )QP )NP )PP (PP from (NP (QP # *UNKN million )QP )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP . )S  STOP
(S (NP (NP Microsoft Corp. 's )NP earnings growth )NP (VP continued (S (VP to (VP *UNK (NP (NP that )NP (PP of (NP (NP most )NP (PP of (NP (NP its competitors and customers )NP (PP in (NP the *UNK- industry )NP )PP )NP )PP )NP )PP )NP )VP )VP )S , (SBAR as (S (NP it )NP (VP reported (NP (NP a (ADJP 36 % )ADJP jump )NP (PP in (NP fiscal first-quarter earnings )NP )PP (PP on (NP a (ADJP 33 % )ADJP revenue gain )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The (NAC Redmond , Wash. )NAC company )NP , (NP (NP a bellwether provider )NP (PP of (NP (NP operating systems )NP and (NP software )NP )NP )PP (PP for (NP personal-computer makers and users )NP )PP )NP , )NP (VP reported (NP (NP net income )NP (PP for (NP (NP the quarter )NP (VP ended (NP Sept. 30 )NP )VP )NP )PP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 87 cents )NP (NP a share )NP )NP , (ADVP up (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 65 cents )NP (NP a share )NP )NP , )NP (PP in (NP the year-ago period )NP )PP )PP )ADVP )NP )PP )NP )VP . )S  STOP
(S (NP Revenue )NP (VP rose (PP to (NP (QP $ *UNKN million )QP )NP )PP , (PP from (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (NP Microsoft )NP (ADVP previously )ADVP (VP indicated (SBAR (S (NP it )NP (VP would (VP have (NP a strong quarter )NP )VP )VP )S )SBAR (PP by (S (VP forecasting (NP its revenue gain )NP (PP on (NP Oct. 4 )NP )PP , (S (VP causing (NP (NP a (ADJP (NP $ *UNKN )NP (NP a share )NP )ADJP jump )NP (PP in (NP its stock )NP )PP )NP )VP )S )VP )S )PP )VP . )S  STOP
(S But (NP its stock )NP (VP jumped (ADVP again )ADVP (NP yesterday )NP (SBAR as (S (NP it )NP (VP disclosed (NP (NP (ADJP surprisingly strong )ADJP margins )NP (PP on (NP those sales )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Microsoft 's )NP stock )NP (VP rose (NP (NP $ *UNKN )NP (NP a share )NP )NP (PP in (NP national over-the-counter trading )NP )PP (PP to (NP $ *UNKN )NP )PP )VP . )S  STOP
(S (NP The stock )NP (VP had (VP (VP hit (NP (NP a high )NP (PP of (NP (NP $ 81 )NP (NP a share )NP )NP )PP )NP (ADVP early (NP last week )NP )ADVP )VP but (VP collapsed (PP to (NP $ *UNKN )NP )PP (PP in (NP the Friday stock plunge )NP )PP )VP )VP )VP . )S  STOP
(S (NP The company )NP (VP had (VP been (VP experiencing (NP softening margins )NP (PP because of (NP (NP increased sales )NP (PP of (NP (NP software applications )NP , (SBAR (WHNP which )WHNP (S (VP have (NP (NP lower margins )NP (SBAR than (SINV (VP do )VP (NP operating systems )NP )SINV )SBAR )NP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S But (NP the company )NP (VP said (SBAR (S (NP that trend )NP (VP was (VP offset (PP in (NP the first quarter )NP )PP (PP by (NP (NP (NP better economies )NP (PP of (NP scale )NP )PP )NP and (NP (NP *UNK )NP (PP in (NP manufacturing )NP )PP )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP As (NP a result )NP )PP , (NP (NP (NP Microsoft 's )NP cost (PP of (NP goods )NP )PP )NP , (PP as (NP (NP a percentage )NP (PP of (NP sales )NP )PP )NP )PP , )NP (VP fell (NP (NP (NP 17 % )NP (PP from (NP the year-ago quarter )NP )PP )NP and (NP (NP 13 % )NP (PP from (NP the previous period )NP )PP )NP )NP )VP . )S  STOP
(S (NP The trend )NP (VP drove (ADVP up )ADVP (NP (NP the *UNK margin )NP (PRN -- (NP (NP net income )NP (PP as (NP (NP a percentage )NP (PP of (NP revenues )NP )PP )NP )PP )NP -- )PRN )NP (PP to (NP *UNKN % )NP )PP (PP in (NP the quarter )NP )PP , (PP compared (PP with (NP *UNKN % )NP (ADVP (NP a year )NP earlier )ADVP )PP )PP )VP . )S  STOP
(S (NP Microsoft officials )NP (VP said (SBAR (S (NP the strong results )NP (ADVP also )ADVP (VP reflected (NP (NP continuing high demand )NP (PP for (NP (NP its software applications )NP and (NP operating systems )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (SBAR While (S (NP it )NP (VP has (VP predicted (SBAR that (S (NP (NP overall growth )NP (PP in (NP (NP unit sales )NP (PP of (NP personal computers )NP )PP )NP )PP )NP (VP is (VP slowing (PP to (NP about a (ADJP 10 % )ADJP yearly rate )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR , (NP its own products )NP (VP are (VP selling (PP at (NP a (ADJP much faster )ADJP rate )NP )PP (SBAR because (S (NP many )NP (VP are (VP *UNKED (PP to (NP (NP the *UNK- end )NP (PP of (NP the market )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP That segment )NP (VP continues (S (VP to (VP post (NP strong *UNK- gains )NP )VP )VP )S , (SBAR while (S (NP (NP the (NX (NX *UNK- )NX , or (NX commodity segment )NX , )NX )NP (PP of (NP the industry )NP )PP )NP (VP is (VP experiencing (NP (NP sluggish growth )NP or (ADVP even )ADVP (NP sales declines )NP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP *UNKED (PP with (NP (NP its previous quarter )NP , (NP (NP the final period )NP (PP of (NP its 1989 fiscal year )NP )PP )NP , )NP )PP )PP (S (NP net )NP (VP rose (NP 9 % )NP )VP )S , and (S (NP sales )NP (VP rose (NP 7 % )NP )VP )S . )S  STOP
(S (NP (NP Control Data Corp. )NP , (NP Minneapolis )NP , )NP (VP signed (NP (NP a joint development agreement )NP (PP with (NP *UNKC Computer Systems Inc. )NP )PP (S (VP to (VP *UNK (NP an emerging computing architecture )NP (PP in (NP future machines )NP )PP )VP )VP )S )NP )VP . )S  STOP
(S (NP MIPS )NP (VP is (NP (NP a leader )NP (PP in (SBAR (WHNP what )WHNP (S (VP is (VP known (PP as (NP (NP *UNK- set computing )NP , or (NP (NP RISC )NP , (NP (NP a technology )NP (VP combining (NP (NP *UNK )NP and (NP sophisticated software )NP )NP )VP )NP )NP )NP )PP )VP )VP )S )SBAR )PP )NP )VP . )S  STOP
(S (PP In (S (VP joining (NP MIPS )NP )VP )S )PP , (NP Control Data )NP (VP follows (NP several competitors )NP (PP in (S (VP *UNKING (NP RISC )NP (PP as (NP a new design approach )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP (NP Digital Equipment Corp. )NP , (NP Tandem Computers Inc. )NP , (NP NEC Corp. )NP and (NP Group *UNKC )NP , (PP among (NP others )NP )PP , )NP (VP have (NP similar arrangements )NP (PP with (NP (NP *UNKC )NP , (VP based (PP in (NP (NP Sunnyvale )NP , (NP Calif )NP )NP )PP )VP )NP )PP )VP . )S  STOP
(S (NP Control Data )NP (VP said (SBAR (S (NP it )NP (VP expects (NP its first *UNKED mainframe machine )NP (S (VP to (VP be (VP introduced (NP next year )NP )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP The accord )NP (PP with (NP MIPS )NP )PP )NP (VP calls (SBAR for (S (NP Control Data )NP (VP to (VP share (NP (NP its expertise )NP (PP in (NP data storage )NP )PP )NP )VP )VP )S )SBAR )VP )S , (NP the companies )NP (VP said )VP . )S  STOP
(S (NP Control Data )NP (ADVP also )ADVP (VP said (SBAR (S (NP it )NP (VP is (VP developing (SBAR (WHNP what )WHNP (S (NP it )NP (VP called (S (NP (NP a `` *UNK '' computer )NP , (NP the *UNKC 2000 )NP , (VP intended (PP for (NP (NP scientists )NP , (NP engineers )NP and (NP (NP other users )NP (PP of (NP *UNK *UNK- computers )NP )PP )NP )NP )PP )VP )NP )S )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP *UNKC (NP an additional $ *UNKN )NP , (PP to (NP $ *UNKN )NP )PP , (SBAR as (S (NP British Airways )NP (VP indicated (SBAR (S (NP it )NP (VP may (VP *UNK (PP at (NP (NP any (ADJP *UNKLY revised )ADJP version )NP (PP of (NP (NP the *UNKED (ADJP (QP $ 6.79 billion )QP )ADJP buy-out )NP (PP of (NP (NP United Air 's )NP parent )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP UAL )NP (VP has (VP fallen (NP (NP $ *UNKN )NP , or (NP 31 % )NP , )NP (PP in (NP (NP the three trading days )NP (SBAR since (S (NP (NP disclosure )NP (PP of (NP (NP the buy-out 's )NP collapse )NP )PP )NP (VP jolted (NP the stock market )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP investor Marvin Davis )NP (VP said (SBAR (S (S (NP he )NP (VP remains (ADJP interested (PP in (NP UAL )NP )PP )ADJP )VP )S , but (S (NP he )NP (VP dropped (NP his earlier (ADJP $ 300-a-share )ADJP *UNK- bid )NP )VP )S )S )SBAR )VP . )S  STOP
(S (NP Stock prices )NP (VP fell (ADVP broadly )ADVP (PP in (NP heavy trading )NP )PP , (S (VP dominated (PP by (NP (NP *UNKED program selling )NP and (NP (NP further declines )NP (PP by (NP (NP UAL )NP and (NP other airline stocks )NP )NP )PP )NP )NP )PP )VP )S )VP . )S  STOP
(S (NP The Dow Jones industrials )NP (VP closed (ADVP off (NP *UNKN points )NP )ADVP , (PP at (NP *UNKN )NP )PP , (PP after (S (VP plunging (NP (QP over *UNKN )QP points )NP (PP in (NP the morning )NP )PP )VP )S )PP )VP . )S  STOP
(S (NP Bond prices )NP (VP ended (ADJP lower )ADJP (PP after (NP an early rally )NP )PP , (SBAR while (S (NP the dollar )NP (VP was (VP mixed )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The U.S. trade deficit )NP (VP swelled (PP to (NP (QP $ 10.77 billion )QP )NP )PP (PP in (NP August )NP )PP , (S (VP prompting (NP worries (SBAR that (S (NP (NP the nation 's )NP export drive )NP (VP had (VP stalled )VP )VP )S )SBAR )NP )VP )S )VP . )S  STOP
(S (NP Exports )NP (VP declined (PP for (NP (NP the second month )NP (PP in (NP a row )NP )PP )NP )PP , (SBAR while (S (NP imports )NP (VP rose (PP to (NP a record )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP An analyst )NP (VP called (S (NP it )NP (NP (NP one )NP (PP of (NP (NP the worst trade reports )NP (SBAR since (S (NP the dollar )NP (VP *UNKED (PRT out )PRT (X (PP in )PP )X )VP )S )SBAR )NP )PP )NP )S )VP )S  STOP
(S (NP Industrial output )NP (VP (VP fell (NP 0.1 % )NP (PP in (NP September )NP )PP )VP , (NP (NP the latest sign )NP (SBAR (S (NP manufacturing )NP (VP is (VP slowing )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP An analyst )NP (VP cited (NP weaker capital spending and exports )NP )VP . )S  STOP
(S (NP (NP Bankers Trust )NP )NP (VP added (NP (QP $ 1.6 billion )QP )NP (PP to (NP (NP reserves )NP (PP for (NP Third World loans )NP )PP )NP )PP , (NP (NP the latest big bank )NP (S (VP to (VP take (NP such a step )NP )VP )VP )S )NP )VP . )S  STOP
(S (NP It )NP (VP expects (NP a (ADJP (QP $ 1.42 billion )QP )ADJP quarterly loss )NP )VP . )S  STOP
(S (NP Citicorp )NP (VP posted (NP (NP a (ADJP 9 % )ADJP drop )NP (PP in (NP quarterly profit )NP )PP )NP )VP . )S  STOP
(S (NP Manufacturers Hanover )NP (VP had (NP (NP a loss )NP (ADJP due (PP to (NP a big reserve addition )NP )PP )ADJP )NP )VP . )S  STOP
(S (NP (NP Bank )NP (PP of (NP New England )NP )PP )NP (VP plans (S (VP to (VP (VP sell (NP some operations )NP )VP and (VP lay (PRT off )PRT (NP (NP 4 % )NP (PP of (NP its work force )NP )PP )NP )VP )VP )VP )S (PP after (NP (NP a year )NP (PP of (NP (NP weak earnings )NP and (NP mounting loan problems )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Eastern Airlines ' )NP creditors )NP (VP have (VP begun (S (VP exploring (NP (NP alternative approaches )NP (PP to (NP a Chapter 11 reorganization )NP )PP )NP )VP )S (SBAR because (S (NP they )NP (VP are (ADJP unhappy (PP with (NP (NP the carrier 's )NP latest proposal )NP )PP )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Tele-Communications )NP (VP agreed (S (VP to (VP buy (NP (NP half )NP (PP of (NP Showtime *UNKC )NP )PP )NP (PP from (NP Viacom )NP )PP (PP for (NP $ 225 million )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP The move )NP (VP could (VP *UNK (NP (NP a new challenge )NP (PP to (NP (NP Time Warner 's )NP Home *UNKC Office )NP )PP )NP )VP )VP . )S  STOP
(S (NP The CFTC )NP (VP plans (S (VP to (VP curb (NP (NP dual trading )NP (PP on (NP (NP commodities markets )NP , (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP traders )NP (VP buy and sell (PP both (PP for (NP their own account )NP )PP and (PP for (NP clients )NP )PP )PP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP The move )NP (VP is (ADJP likely (S (VP to (VP anger (NP traders )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP *UNKC Chairman Seidman )NP (VP said (SBAR that (S (NP (NP Lincoln Savings & Loan )NP (PP of (NP California )NP )PP )NP (VP should (VP have (VP been (VP seized (PP in (NP 1986 )NP )PP (S (VP to (VP contain (NP (NP losses )NP (SBAR (S (NP he )NP (VP estimated (SBAR (S (VP will (VP cost (NP taxpayers )NP (NP (NP as much )NP (PP as (NP (QP $ 2 billion )QP )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )NP )VP )VP )S )VP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A (ADJP (QP $ 67 billion )QP )ADJP spending bill )NP )NP (VP was (VP approved (PP by (NP House-Senate conferees )NP )PP (SBAR (WHNP that )WHNP (S (VP includes (NP (NP major provisions )NP (VP affecting (NP the federal mortgage market )NP )VP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Hooker 's )NP U.S. unit )NP (VP is (VP expected (S (VP to (VP agree (PP in (NP principle )NP )PP (NP this week )NP (S (VP to (VP sell (NP its Merksamer Jewelers chain )NP (PP to (NP management )NP )PP )VP )VP )S )VP )VP )S , (PP according (PP to (NP executives )NP )PP )PP )VP )VP . )S  STOP
(S (NP The deficit-reduction bill )NP (VP became (VP *UNKED (PP over (NP efforts (S (VP to (VP streamline (NP (NP the House version )NP (PP of (NP the legislation )NP )PP )NP (PP in (NP (NP advance )NP (PP of (NP a House-Senate conference )NP )PP )NP )PP )VP )VP )S )NP )PP )VP )VP . )S  STOP
(S (NP Integrated Resources )NP (VP said (SBAR (S (NP (NP talks )NP )NP (VP have (VP ended (PP with (NP (NP another potential buyer )NP (PP of (NP its core businesses )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Three big drug makers )NP (VP posted (NP robust third-quarter earnings )NP )VP . )S  STOP
(S (S (NP (NP Merck 's )NP profit )NP (VP climbed (NP 25 % )NP )VP )S , (S (NP Warner-Lambert 's )NP (NP 22 % )NP )S and (S (NP Eli Lilly 's )NP (NP 24 % )NP )S . )S  STOP
(NP (NP Markets )NP -- )NP  STOP
(NP (NP Stocks )NP : (NP (NP Volume )NP (NP *UNKN shares )NP )NP . )NP  STOP
(NP (NP (NP Dow Jones industrials )NP (NP *UNKN )NP , (ADVP off (NP *UNKN )NP )ADVP )NP ; (NP (NP transportation )NP (NP *UNKN )NP , (ADVP off (NP *UNKN )NP )ADVP )NP ; (NP (NP utilities )NP (NP *UNKN )NP , (ADVP off (NP *UNKN )NP )ADVP )NP . )NP  STOP
(NP (NP Bonds )NP : (NP (NP Shearson Lehman Hutton Treasury index )NP (NP *UNKN )NP , (ADVP off )ADVP )NP )NP  STOP
(NP (NP Commodities )NP : (NP (NP (NP Dow Jones futures index )NP (NP *UNKN )NP , (ADJP unchanged )ADJP )NP ; (NP (NP spot index )NP (NP *UNKN )NP , (ADVP off (NP *UNKN )NP )ADVP )NP )NP . )NP  STOP
(NP (NP Dollar )NP : (NP (NP (NP *UNKN yen )NP , (ADVP up (NP *UNKN )NP )ADVP )NP ; (NP (NP *UNKN marks )NP , (ADVP off (NP *UNKN )NP )ADVP )NP )NP . )NP  STOP
(S (NP (NP Paul *UNKLY )NP , (NP (NP general partner )NP (PP of (NP (NP *UNKC Partners )NP , (NP a venture-capital firm )NP (VP based (PP in (NP (NP Menlo Park )NP , (NP Calif. )NP )NP )PP )VP )NP )PP )NP , )NP (VP was (VP named (S (NP (NP a director )NP (PP of (NP this computer company )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKLY )NP , (ADJP (NP 57 years )NP old )ADJP , )NP (ADVP temporarily )ADVP (VP increases (NP the board )NP (PP to (NP seven members )NP )PP )VP . )S  STOP
(S (ADVP However )ADVP , (NP director Thomas *UNKC )NP (VP has (VP said (SBAR (S (NP he )NP (VP wo n't (VP seek (NP re-election )NP (PP at (NP (NP the company 's )NP annual meeting )NP )PP (NP next month )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP *UNKC Associates Inc. )NP , (NP (NP the Los Angeles investment partnership )NP (SBAR (WHNP (NP whose (ADJP $ *UNK- )ADJP bid )NP (PP for (NP *UNKC Manufacturing Co. )NP )PP )WHNP (S (VP was (VP topped (ADVP recently )ADVP (PP by (NP (NP a competing offer )NP (PP from (NP a Swedish concern )NP )PP )NP )PP )VP )VP )S )SBAR )NP , )NP (VP disclosed (SBAR that (S (NP it )NP (VP sold (NP its entire (ADJP 7 % )ADJP *UNKC stake )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP a (NAC *UNKC , Ind. , )NAC *UNKING manufacturer )NP , )NP (VP had (VP rebuffed (NP (NP *UNKC 's )NP proposal )NP )VP )VP . )S  STOP
(S (NP It )NP (VP has (ADVP since )ADVP (VP asked (NP holders )NP (S not (VP to (ADVP immediately )ADVP (VP tender (NP their shares )NP (PP under (NP (NP a recent (ADJP (ADJP $ *UNK- )ADJP , or (ADJP $ 104 million )ADJP , )ADJP bid )NP (PP from (NP (NP AB *UNKC )NP (PP of (NP Sweden )NP )PP )NP )PP )NP )PP , (SBAR until (S (NP *UNKC directors )NP (VP have (VP completed (NP their evaluation )NP )VP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (PP In (NP a (NP Securities and Exchange Commission )NP filing )NP )PP , (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP sold (NP the *UNKN *UNKC shares )NP (PP for (NP (QP $ *UNKN million )QP )NP )PP (PP in (NP a private transaction )NP )PP (PP on (NP Oct. 12 )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (NP *UNKC )NP (VP did n't (VP identify (NP (NP the buyer )NP (PP of (NP the shares )NP )PP )NP )VP )VP )S , but (S (S (NP (NP the date )NP (PP of (NP the *UNK )NP )PP )NP (VP followed (PP by (NP one day )NP )PP (NP (NP the Swedish concern 's )NP tender offer )NP )VP )S , and (S (NP (NP the indicated price )NP (PP of (NP (NP the shares )NP (VP sold )VP )NP )PP )NP (VP *UNK (NP (NP SKF 's )NP (ADJP $ *UNK- )ADJP tender offer price )NP )VP )S )S . )S  STOP
(S (NP A *UNKC spokeswoman )NP (VP said (SBAR (S (NP the company )NP (VP (VP sold (NP the stock )NP (PP in (NP the open market )NP )PP )VP and (ADVP thus )ADVP (VP could n't (VP identify (NP the buyer or buyers )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Luis *UNKC )NP , (ADJP (NP 45 years )NP old )ADJP , )NP (VP has (VP been (VP elected (PP to (NP (NP the board )NP (PP of (NP this brewer )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (NP (NP former president )NP (PP of (NP (NP United Press International )NP and (NP the *UNKC *UNKC network )NP )NP )PP )NP , )NP (ADVP most recently )ADVP (VP *UNKED (NP (NP *UNKC *UNKC Partners )NP , (NP a *UNKED media acquisition firm )NP )NP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (NP (NP the first Hispanic person )NP (SBAR (S (VP to (VP serve (PP as (NP a Coors director )NP )PP )VP )VP )S )SBAR )NP )NP , (VP is (NP (NP an addition )NP (PP to (NP the board )NP )PP )NP , (S (VP increasing (NP its membership )NP (PP to (NP nine )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC S.A. )NP , (NP a European media and publishing group )NP , )NP (VP reported (NP (NP a small rise )NP (PP in (NP its *UNK first-half group profit )NP )PP , (PP excluding (NP *UNK items )NP )PP , (PP to (NP (NP (QP *UNKN million )QP francs )NP (PRN -LRB- (NP $ *UNKN million )NP -RRB- )PRN )NP )PP (PP from (NP (QP *UNKN million )QP francs )NP (ADVP (NP a year )NP earlier )ADVP )PP )NP )VP . )S  STOP
(S (NP The *UNKED group )NP (VP said (SBAR (S (NP its earlier projection (PRN -- (SBAR that (S (NP (NP group profit )NP (PP for (NP (NP all )NP (PP of (NP 1989 )NP )PP )NP )PP )NP (VP would (VP be (ADJP close (PP to (NP (NP the (QP *UNKN million )QP francs )NP (VP posted (PP for (NP 1988 )NP )PP )VP )NP )PP )ADJP )VP )VP )S )SBAR -- )PRN )NP (VP remains (ADJP valid )ADJP )VP )S )SBAR )VP . )S  STOP
(S (S (VP *UNKING (PP into (NP account )NP )PP (NP nonrecurring gains and losses )NP )VP )S , (NP (NP (NP *UNKC 's )NP group net income )NP (PP for (NP (NP the first six months )NP (PP of (NP this year )NP )PP )NP )PP )NP (VP totaled (NP (NP *UNKN million francs )NP , (NP (NP (ADVP practically double )ADVP the year-earlier figure )NP (PP of (NP *UNKN million francs )NP )PP )NP )NP )VP . )S  STOP
(S (NP Analysts )NP (VP said (SBAR (S (NP (NP (NP *UNKC 's )NP earnings )NP (PP in (NP the second half )NP )PP )NP (VP might (VP be (VP boosted (PP by (NP (NP a capital gain )NP (PP from (NP (NP the sale )NP (PP of (NP (NP the Paris headquarters )NP (PP of (NP (NP a *UNK- company )NP (SBAR (WHNP that )WHNP (S (VP is (VP (NP 49 % )NP owned (PP by (NP *UNKC )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC Inc. )NP , (NP (NP *UNKC )NP , (NP Md. )NP )NP , )NP (VP said (SBAR (S (NP it )NP (VP received (NP (NP approval )NP (PP from (NP the U.S. Food and Drug Administration )NP )PP (S (VP to (VP market (NP (NP a genetic test )NP (SBAR (WHNP that )WHNP (S (VP will (VP assist (PP in (NP (NP *UNK and treatment )NP (PP of (NP (NP *UNK )NP and (NP *UNK cancer )NP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP The *UNKC gene *UNK test )NP (VP is (ADJP (ADJP more accurate )ADJP (PP than (NP existing tests )NP )PP )ADJP (PP for (S (VP *UNKING (NP (NP (NP the type )NP (PP of (NP cancer )NP )PP )NP , (SBAR (SBAR whether (S (NP it )NP (VP has (VP spread )VP )VP )S )SBAR or (SBAR whether (S (NP there )NP (VP is (NP (NP a *UNK )NP (VP following (NP treatment )NP )VP )NP )VP )S )SBAR )SBAR )NP )VP )S )PP )VP )S , (VP said )VP (NP *UNKC President Stephen Turner )NP . )SINV  STOP
(S (NP Mr. Turner )NP (VP said (SBAR (S (NP the test )NP (VP (VP (ADVP initially )ADVP will (VP be (VP used (PP in (NP (NP *UNK )NP (PP with (NP (NP *UNK )NP and (NP other tests )NP )NP )PP )NP )PP )VP )VP )VP , but (VP (ADVP eventually )ADVP might (VP become (NP (NP the benchmark )NP (PP for (NP tumor analysis )NP )PP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Turner )NP (VP said (SBAR (S (NP the test )NP (VP will (VP be (VP shipped (PP in (NP 45 days )NP )PP (PP to (NP (NP hospitals )NP and (NP clinical laboratories )NP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Dr. *UNKC Wilson )NP , (NP (NP a cancer treatment specialist )NP (PP at (NP the National Cancer Institute )NP )PP )NP , )NP (VP said (SBAR (S (NP the test )NP (VP (VP is (VP (ADVP widely )ADVP used (PP in (NP research centers )NP )PP )VP )VP but (VP is n't (VP having (NP a major impact )NP (SBAR because (S (NP it )NP (VP is (ADJP (ADVP only occasionally )ADVP useful (PP in (S (VP choosing (NP the (ADJP most effective )ADJP treatment )NP )VP )S )PP )ADJP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S But (NP the test )NP (VP may (VP prove (S (VP to (VP be (ADJP more sensitive (PP in (S (VP determining (SBAR whether (S (NP a tumor )NP (VP has (VP spread or returned (PP following (NP treatment )NP )PP )VP )VP )S )SBAR )VP )S )PP )ADJP )VP )VP )S )VP )VP )S , (NP Dr. Wilson )NP (VP said )VP . )S  STOP
(S `` (S (NP We )NP (VP do n't (VP know (ADVP yet )ADVP (SBAR (WHADVP how (ADJP useful )ADJP )WHADVP (S (NP it )NP (VP 's (VP going (S (VP to (VP be )VP )VP )S )VP )VP )S )SBAR )VP )VP )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (S (NP (NP *UNKC )NP , (NP (NP a *UNK- developer )NP (PP of (NP genetic medical tests )NP )PP )NP , )NP (VP projects (SBAR that (S (NP the cancer test )NP (VP will (VP help (NP it )NP (S (VP to (VP post (NP its *UNK- profit )NP (PP during (NP (NP the first quarter )NP (PP of (NP 1990 )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP )S , (NP Mr. Turner )NP (VP said )VP . )S  STOP
(S (S (NP The company )NP (VP (VP will (VP charge (NP $ 35 )NP (PP for (NP a test )NP )PP )VP )VP and (VP projects (NP (NP about (QP $ 2 million )QP )NP (PP in (NP revenue )NP )PP (PP from (NP the test )NP )PP (PP during (NP (NP the first 12 months )NP (PP of (NP marketing )NP )PP )NP )PP )NP )VP )VP )S , (NP he )NP (VP said )VP . )S  STOP
(S (NP (NP *UNKC Corp. )NP , (NP (NP *UNKC )NP , (NP Ga. )NP )NP , )NP (VP said (SBAR (S (NP it )NP (VP acquired (NP (NP the clinical laboratories )NP (PP of (NP (ADJP closely held )ADJP Central *UNKC Laboratory Inc. )NP )PP )NP (PP in (NP (NP a cash and securities transaction )NP (VP valued (PP at (NP (QP $ 85 million )QP )NP )PP )VP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP its (ADJP wholly owned )ADJP *UNKC Inc. unit )NP (VP (VP paid (NP (NP (QP $ 25 million )QP )NP (PP in (NP cash )NP )PP )NP )VP , (VP provided (NP (NP (NP (QP $ 30 million )QP )NP (PP in (NP notes )NP )PP )NP and (NP (NP (QP $ 30 million )QP )NP (PP in (NP preferred stock )NP )PP )NP )NP )VP (S (VP to (VP acquire (NP (NP (NP Central 's )NP *UNK )NP (PP in (NP the Western U.S. )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP provides (NP clinical laboratory services )NP )VP )S )SBAR , )NP (VP *UNKED (PP with (NP (NP Central )NP , (VP based (PP in (NP (NP *UNKC )NP , (NP Calif. )NP )NP )PP )VP )NP )PP , (PP in (NP (NP a number )NP (PP of (NP areas )NP )PP )NP )PP )VP . )S  STOP
(SINV (S (PP Beyond (S (VP removing (NP a competitor )NP )VP )S )PP , (NP the combination )NP (VP should (VP provide `` (NP *UNK )NP )VP )VP )S , '' (VP said )VP (NP (NP Fred *UNKC )NP , (NP (NP *UNKC 's )NP chief financial officer )NP )NP . )SINV  STOP
(S (NP It )NP (ADVP also )ADVP (VP will (VP hand (NP *UNKC )NP (NP new markets )NP )VP )VP . )S  STOP
(S (PP In (NP Los Angeles )NP )PP , (PP for (NP example )NP )PP , (NP Central )NP (VP has (VP had (NP a strong market position )NP (SBAR while (S (NP (NP *UNKC 's )NP presence )NP (VP has (VP been (ADJP less prominent )ADJP )VP )VP )S )SBAR , (PP according (PP to (NP Mr. *UNKC )NP )PP )PP )VP )VP . )S  STOP
(S (NP Consumers )NP (VP may (VP want (S (VP to (VP move (NP their *UNK )NP (ADVP (NP a little )NP closer (PP to (NP the TV set )NP )PP )ADVP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNK )NP (VP watching (NP (NP ABC 's )NP `` Monday Night Football '' )NP )VP )NP (VP can (ADVP now )ADVP (VP vote (PP during (NP *UNK )NP )PP (PP for (NP (NP the greatest play )NP (PP in (NP 20 years )NP )PP (PP from (PP among (NP (QP four or five )QP *UNKED *UNK )NP )PP )PP )NP )PP )VP )VP . )S  STOP
(S (ADVP (NP Two weeks )NP ago )ADVP , (NP (NP viewers )NP (PP of (NP several NBC *UNK consumer segments )NP )PP )NP (VP started (S (VP calling (NP a 900 number )NP (PP for (NP (NP advice )NP (PP on (NP various *UNK- issues )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S And (NP (NP the new *UNKED `` reality '' show )NP `` (NP *UNKC *UNKC )NP '' )NP (VP records (NP (NP viewers ' )NP opinions )NP (PP for (NP (NP possible airing )NP (PP on (NP (NP the next day 's )NP show )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP *UNKC telephone technology )NP (VP has (VP taken (NP (NP a new leap )NP (PP in (NP *UNK )NP )PP )NP )VP )VP )S , and (S (NP television *UNK )NP (VP are (VP racing (S (VP to (VP exploit (NP the possibilities )NP )VP )VP )S )VP )VP )S . )S  STOP
(S (ADVP Eventually )ADVP (NP viewers )NP (VP may (VP (VP grow (ADJP *UNKED (PP with (NP the technology )NP )PP )ADJP )VP and (VP *UNK (NP the cost )NP )VP )VP )VP . )S  STOP
(S But (ADVP right now )ADVP (NP *UNK )NP (VP are (VP figuring (SBAR that (S (NP (NP viewers )NP (SBAR (WHNP who )WHNP (S (VP are (ADJP busy (S (VP *UNKING (PRT up )PRT (NP (NP a range )NP (PP of (NP services )NP )PP )NP )VP )S )ADJP )VP )S )SBAR )NP (VP may (VP (VP put (PRT down )PRT (NP their *UNK control *UNK )NP )VP and (VP stay (ADJP *UNKED )ADJP )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(SINV `` (S (NP We )NP (VP 've (VP been (VP spending (NP (NP a lot )NP (PP of (NP time )NP )PP )NP (PP in (NP Los Angeles )NP )PP (S (VP talking (PP to (NP TV production people )NP )PP )VP )S )VP )VP )VP )S , '' (VP says )VP (NP (NP Mike Parks )NP , (NP (NP president )NP (PP of (NP (NP Call *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP supplied (NP (NP technology )NP (PP for (NP both (NP ABC Sports )NP and (NP (NP NBC 's )NP consumer minutes )NP )NP )PP )NP )VP )S )SBAR )NP )PP )NP )NP . )SINV  STOP
(S `` (PP With (NP (NP the *UNK )NP (PP of (NP the television market )NP )PP )NP )PP (NP these days )NP , (NP everyone )NP (VP is (VP looking (PP for (NP (NP a way )NP (SBAR (S (VP to (VP get (S (NP viewers )NP (ADJP more *UNKED )ADJP )S )VP )VP )S )SBAR )NP )PP )VP )VP . '' )S  STOP
(S (NP (NP One )NP (PP of (NP (NP the leaders )NP (PP behind (NP (NP the expanded use )NP (PP of (NP 900 numbers )NP )PP )NP )PP )NP )PP )NP (VP is (NP (NP Call *UNKC )NP , (NP (NP a joint venture )NP (PP of (NP (NP giants )NP (NP (NP American Express Co. )NP and (NP American Telephone & Telegraph Co )NP )NP )NP )PP )NP )NP )VP . )S  STOP
(S (S (VP *UNKED (PP in (NP August )NP )PP )VP )S , (NP the venture )NP (VP *UNK (NP (NP AT&T 's )NP (ADJP newly expanded )ADJP 900 service )NP (PP with (NP (NP 200 *UNKED computers )NP (PP in (NP (NP American Express 's )NP (NAC Omaha , Neb. , )NAC service center )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP Other long-distance carriers )NP (VP have (ADVP also )ADVP (VP begun (S (VP marketing (NP enhanced 900 service )NP )VP )S )VP )VP )S , and (S (NP special consultants )NP (VP are (VP *UNKING (PRT up )PRT (S (VP to (VP exploit (NP the new tool )NP )VP )VP )S )VP )VP )S . )S  STOP
(S (NP (NP Blair Entertainment )NP , (NP (NP a New York firm )NP (SBAR (WHNP that )WHNP (S (VP (VP advises (NP TV stations )NP )VP and (VP sells (NP ads )NP (PP for (NP them )NP )PP )VP )VP )S )SBAR )NP , )NP (VP has (ADVP just )ADVP (VP formed (NP (NP a subsidiary )NP -- (NP 900 Blair )NP -- (SBAR (S (VP to (VP apply (NP the technology )NP (PP to (NP television )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP The use )NP (PP of (NP 900 toll numbers )NP )PP )NP (VP has (VP been (VP expanding (ADVP rapidly )ADVP (PP in (NP recent years )NP )PP )VP )VP )VP . )S  STOP
(S (S (PP For (NP a while )NP )PP , (NP (NP *UNK- *UNK lines )NP and (NP (NP services )NP (SBAR (WHNP that )WHNP (S (VP *UNK (S (NP children )NP (VP to (VP *UNK (PRN -LRB- and *UNK -RRB- )PRN (NP movie or music information )NP )VP )VP )S )VP )S )SBAR )NP )NP (VP earned (NP the service )NP (NP a (ADJP somewhat *UNK )ADJP image )NP )VP )S , but (S (NP new legal restrictions )NP (VP are (VP aimed (PP at (S (VP *UNKING (NP *UNK )NP )VP )S )PP )VP )VP )S . )S  STOP
(S (NP (NP The cost )NP (PP of (NP a 900 call )NP )PP )NP (VP is (VP set (PP by (NP (NP the *UNK )NP (PRN -- (NP ABC Sports )NP , (PP for (NP example )NP )PP -- )PRN )NP )PP (PP with (NP (NP the *UNK )NP (VP starting (PP at (NP 75 cents )NP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKING )NP (VP is (VP included (PP in (NP (NP a *UNK 's )NP regular phone bill )NP )PP )VP )VP . )S  STOP
(S (PP From (NP the fee )NP )PP , (NP (NP the local phone company )NP and (NP the long-distance carrier )NP )NP (VP *UNK (NP (NP their costs )NP (SBAR (S (VP to (VP carry (NP the call )NP )VP )VP )S )SBAR )NP , (S (VP passing (NP (NP the rest )NP (PP of (NP the money )NP )PP )NP (PP to (NP (NP the *UNK )NP , (SBAR (WHNP which )WHNP (S (VP must (VP cover (NP (NP advertising )NP and (NP other costs )NP )NP )VP )VP )S )SBAR )NP )PP )VP )S )VP . )S  STOP
(S (PP In (NP recent months )NP )PP , (NP the technology )NP (VP has (VP become (ADJP (ADJP more flexible )ADJP and (ADJP able (S (VP to (VP handle (NP (ADJP much more )ADJP volume )NP )VP )VP )S )ADJP )ADJP )VP )VP . )S  STOP
(S (ADVP Before )ADVP , (S (NP (NP *UNK )NP (PP of (NP 900 numbers )NP )PP )NP (VP would (VP (VP (ADVP just )ADVP listen )VP and (VP not talk )VP )VP )VP )S , or (S (NP they )NP (VP 'd (VP vote (INTJ (INTJ `` yes '' )INTJ or (INTJ `` no '' )INTJ )INTJ (PP by (S (VP calling (NP (NP one )NP (PP of (NP two numbers )NP )PP )NP )VP )S )PP )VP )VP )S . )S  STOP
(S -LRB- (NP (NP People )NP (PP in (NP the phone business )NP )PP )NP (VP call (S (NP this technology )NP `` (NP 900 *UNK )NP )S )VP . '' -RRB- )S  STOP
(S (ADVP Now )ADVP , (S (NP *UNK )NP (VP are (VP led (PP through (NP (NP complex *UNK )NP (PP of (NP choices )NP )PP )NP )PP (S (VP to (VP *UNK (NP (NP information )NP (SBAR (S (NP they )NP (VP want )VP )S )SBAR )NP )VP )VP )S )VP )VP )S , and (S (NP the hardware )NP (VP can (VP process (NP 10,000 calls )NP (PP in (NP 90 seconds )NP )PP )VP )VP )S . )S  STOP
(S (PP Up (PP to now )PP )PP , (NP 900 numbers )NP (VP have (ADVP mainly )ADVP (VP been (VP used (PP on (NP (NP local TV stations )NP and (NP cable channels )NP )NP )PP )VP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP used (NP one )NP (S (VP to (VP give (PRT away )PRT (NP (NP the house )NP (SBAR (WHNP that )WHNP (S (NP rock star Jon *UNKC *UNKC )NP (VP grew (PRT up )PRT (PP in )PP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (S (PP For (NP several years )NP )PP , (NP (NP Turner Broadcasting System 's )NP Cable News Network )NP (VP has (VP invited (S (NP viewers )NP (VP to (VP respond (ADVP *UNKLY )ADVP (PP to (NP (NP *UNK issues )NP (PRN -LRB- (SQ `` Should (NP the U.S. military )NP (VP intervene (PP in (NP Panama )NP )PP )VP ? '' )SQ -RRB- )PRN )NP )PP )VP )VP )S )VP )VP )S , but (S (NP (NP even the hottest *UNK )NP (PP on (NP *UNKC )NP )PP )NP (VP *UNK (NP (QP only about 10,000 )QP calls )NP )VP )S . )S  STOP
(S (NP (NP The newest uses )NP (PP of (NP the *UNK- technology )NP )PP )NP (VP demonstrate (NP (NP the growing variety )NP (PP of (NP applications )NP )PP )NP )VP . )S  STOP
(S (NP (NP Capital Cities\/ABC Inc. )NP , (NP CBS Inc. )NP and (NP (NP General Electric Co. 's )NP National Broadcasting Co. unit )NP )NP (VP are (VP expected (S (VP to (VP announce (ADVP soon )ADVP (NP (NP a joint campaign )NP (SBAR (S (VP to (VP raise (NP (NP *UNK )NP (PP about (NP *UNK )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP The subject )NP (VP will (VP be (VP written (PP into (NP (NP the *UNK )NP (PP of (NP prime-time shows )NP )PP )NP )PP )VP )VP )VP )S , and (S (NP viewers )NP (VP will (VP be (VP given (NP (NP a 900 number )NP (SBAR (S (VP to (VP call )VP )VP )S )SBAR )NP )VP )VP )VP )S . )S  STOP
(S (S (NP *UNKC )NP (VP will (VP be (VP sent (NP educational *UNK )NP )VP )VP )VP )S , and (S (NP (NP the call 's )NP modest cost )NP (VP will (VP be (NP (NP an immediate method )NP (PP of (S (VP raising (NP money )NP )VP )S )PP )NP )VP )VP )S . )S  STOP
(S (NP Other network applications )NP (VP have (NP (ADJP very different )ADJP goals )NP )VP . )S  STOP
(S (NP ABC Sports )NP (VP was (VP looking (PP for (NP (NP ways )NP (SBAR (S (VP to (VP lift (NP (NP *UNKED *UNK ratings )NP (PP for (NP `` Monday Night Football )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP )VP . '' )S  STOP
(S (NP (NP Kurt *UNKC )NP , (NP (NP ABC Sports 's )NP marketing director )NP , )NP (VP says (SBAR that (S (ADVP now )ADVP (NP (NP (QP `` tens of thousands '' )QP )NP (PP of (NP fans )NP )PP )NP (VP call (NP its 900 number )NP (NP each week )NP (S (VP to (VP vote (PP for (NP the best (NX (NX *UNK return )NX , (NX *UNK *UNK )NX , *UNK )NX )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (S (NP (NP Profit )NP (PP from (NP the calls )NP )PP )NP (VP goes (PP to (NP charity )NP )PP )VP )S , but (S (NP ABC Sports )NP (ADVP also )ADVP (VP uses (NP the calls )NP (PP as (NP a sales tool )NP )PP )VP )S )S : (S (S (PP After (S (VP *UNKING (NP *UNK )NP (PP for (NP voting )NP )PP )VP )S )PP , (NP Frank *UNKC )NP (VP offers (NP a football *UNK )NP (PP for (NP $ *UNKN )NP )PP )VP )S , and (S (NP (NP 5 % )NP (PP of (NP *UNK )NP )PP )NP (VP stay (PP on (NP the line )NP )PP (S (VP to (VP order (NP it )NP )VP )VP )S )VP )S )S . )S  STOP
(S (NP *UNKC )NP (VP may (VP be (VP sold (ADVP next )ADVP )VP )VP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP NBC Sports )NP (ADVP recently )ADVP (VP began (NP (NP `` *UNKC *UNKC )NP , '' (NP (NP a *UNK- , *UNK- 900 line )NP (VP providing (NP (NP a complex array )NP (PP of (NP (NP scores )NP , (NP analysis )NP and (NP fan news )NP )NP )PP )NP )VP )NP )NP )VP . )S  STOP
(S (NP A spokesman )NP (VP said (SBAR (S (NP its purpose )NP (VP is `` (S (VP to (VP bolster (NP the impression (SBAR that (S (NP NBC Sports )NP (VP is (ADVP always )ADVP (ADVP there (PP for (NP people )NP )PP )ADVP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP NBC 's )NP `` *UNKC '' consumer minutes )NP (VP have (VP increased (NP *UNK spending )NP (PP during (NP (NP the day )NP , (NP (NP the network 's )NP *UNK period )NP )NP )PP )VP )VP . )S  STOP
(S (S (NP Each *UNK )NP (VP *UNK (NP (NP a sponsor )NP and (NP a topic )NP )NP )VP )S : (S (PP On (NP *UNKC )NP )PP , (NP (NP Unilever N.V. 's )NP *UNKC Bros. )NP (VP sponsors (NP (NP tips )NP (PP on (NP diet and exercise )NP )PP , (VP followed (PP by (NP a *UNK- *UNKC Bros. commercial )NP )PP )VP )NP )VP )S . )S  STOP
(S (S (NP *UNKC )NP (VP can (VP call (NP a 900 number )NP (PP for (NP (NP additional advice )NP , (SBAR (WHNP which )WHNP (S (VP will (VP be (VP *UNKED (PP to (NP their needs )NP )PP (PP based (PP on (NP (NP the numbers )NP (SBAR (S (NP they )NP (VP *UNK )VP )S )SBAR )NP )PP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )VP )S (PRN -LRB- (S `` (S (VP Press (NP one )NP (SBAR if (S (NP you )NP (VP 're (ADJP pregnant )ADJP )VP )S )SBAR )VP )S , '' *UNK . )S -RRB- )PRN . )S  STOP
(S (SBAR If (S (NP the *UNK )NP (VP (VP stays (PP on (NP the line )NP )PP )VP and (VP leaves (NP a name and address )NP (PP for (NP the sponsor )NP )PP )VP )VP )S )SBAR , (S (NP (NP coupons )NP and (NP a newsletter )NP )NP (VP will (VP be (VP *UNKED )VP )VP )VP )S , and (S (NP the sponsor )NP (VP will (VP be (ADJP able (S (VP to (VP gather (NP (NP a list )NP (PP of (NP desirable potential customers )NP )PP )NP )VP )VP )S )ADJP )VP )VP )S . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP an *UNKC vice president )NP , )NP (VP says (SBAR (S (NP NBC )NP (VP has (VP been (ADJP able (S (VP to (VP charge (NP premium rates )NP (PP for (NP this ad time )NP )PP )VP )VP )S )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP She )NP (VP would n't (VP say (SBAR (WHNP what )WHNP (S (NP the premium )NP (VP is )VP )S )SBAR )VP )VP )S , but (S (NP it )NP (VP 's (VP believed (S (VP to (VP be (NP (NP (QP about 40 )QP % )NP (PP above (NP regular *UNK rates )NP )PP )NP )VP )VP )S )VP )VP )S . )S  STOP
(SINV `` (S (NP We )NP (VP were (ADJP able (S (VP to (VP get (S (NP advertisers )NP (VP to (VP use (NP their promotion budget )NP (PP for (NP this )NP )PP , (SBAR because (S (NP they )NP (VP get (NP (NP a chance )NP (SBAR (S (VP to (VP do (NP *UNKING )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP )S )VP )VP )S )ADJP )VP )S , '' (VP says )VP (NP Ms. *UNKC )NP . )SINV  STOP
(S `` And (NP we )NP (VP were (ADJP able (S (VP to (VP attract (NP some new advertisers )NP (SBAR because (S (NP this )NP (VP is (NP something new )NP )VP )S )SBAR )VP )VP )S )ADJP )VP . '' )S  STOP
(S (NP (NP Mr. Parks )NP (PP of (NP Call *UNKC )NP )PP )NP (VP says (SBAR (S (NP TV executives )NP (VP are (VP considering (NP (NP the use )NP (PP of (NP 900 numbers )NP )PP (PP for (NP `` (NP talk shows )NP , (NP game shows )NP , (NP news )NP and (NP opinion surveys )NP )NP )PP )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Experts )NP (VP are (VP predicting (NP (NP a big *UNK )NP (PP of (NP new shows )NP )PP )NP (PP in (NP (NP 1990 )NP , (SBAR (WHADVP when )WHADVP (S (NP (NP a service )NP (VP called (S (NP `` automatic number information '' )NP )S )VP )NP (VP will (VP become (ADJP widely available )ADJP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (S (NP This service )NP (VP *UNK (NP (NP each *UNK 's )NP phone number )NP )VP )S , and (S (NP it )NP (VP can (VP be (VP used (S (VP to (VP generate (NP instant mailing lists )NP )VP )VP )S )VP )VP )VP )S . )S  STOP
(SINV (S (NP (NP `` *UNKC *UNKC )NP , '' (NP (NP the new *UNKED tabloid show )NP (PP from (NP Paramount Pictures )NP )PP )NP , )NP (VP will (VP use (NP its 900 number )NP (PP for (NP (NP additional purposes )NP (SBAR (WHNP that )WHNP (S (VP include (NP research )NP )VP )S )SBAR )NP )PP )VP )VP )S , (VP says )VP (NP executive producer Mark B. von S. *UNKC )NP . )SINV  STOP
(S `` (S (PP For (NP (NP a piece )NP (PP on (NP (NP local *UNK )NP (PP of (NP World War II )NP )PP )NP )PP )NP )PP , (NP we )NP (VP can (VP ask (NP people )NP (S (VP to (VP leave (NP (NP the name and number )NP (PP of (NP (NP anyone )NP (SBAR (SBAR (S (NP they )NP (VP know )VP )S )SBAR (SBAR (WHNP who )WHNP (S (VP won (NP a *UNK )NP )VP )S )SBAR )SBAR )NP )PP )NP )VP )VP )S )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (NP That )NP (VP 'll (VP (VP save (NP us )NP (NP time )NP )VP and (VP get (S (NP people )NP (ADJP involved )ADJP )S )VP )VP )VP . '' )S  STOP
(S But (NP Mr. *UNKC )NP (VP sees (NP (ADJP much bigger )ADJP changes )NP (ADVP ahead )ADVP )VP . )S  STOP
(S `` (S (NP These )NP (VP are (NP (NP just baby steps )NP (PP toward (NP (NP real *UNK video )NP , (SBAR (WHNP which )WHNP (S (NP I )NP (VP believe (SBAR (S (VP will (VP be (NP (NP the biggest thing )NP (ADVP yet )ADVP (SBAR (S (VP to (VP affect (NP television )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (SBAR Although (S (NP (NP it )NP )NP (VP would (VP be (ADJP costly )ADJP (S (VP to (VP *UNK (NP multiple versions )NP )VP )VP )S )VP )VP )S )SBAR , (NP TV *UNK )NP (VP could (VP let (S (NP audiences )NP (VP vote (PP on (NP (NP different *UNK )NP (PP for (NP a movie )NP )PP )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP Fox Broadcasting )NP (VP *UNKED (PP with (NP this concept )NP )PP (NP (NP last year )NP (SBAR (WHADVP when )WHADVP (S (NP (NP viewers )NP (PP of (ADJP `` *UNKED ... (PP With (NP *UNKC )NP )PP '' )ADJP )PP )NP (VP voted (PP on (SBAR whether (S (NP Al )NP (VP should (VP say (S `` (NP I )NP (VP love (NP you )NP )VP '' )S (PP to (NP *UNKC )NP )PP (PP on (NP (NP *UNKC 's )NP Day )NP )PP )VP )VP )S )SBAR )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (ADVP *UNKC )ADVP , (NP viewers )NP (VP may (ADVP also )ADVP (VP choose (NP (NP different *UNK )NP (PP of (NP news coverage )NP )PP )NP )VP )VP . )S  STOP
(S `` (S (NP (NP A *UNK )NP (PP by (NP phone )NP )PP )NP (VP could (VP let (S (NP you )NP (VP decide , (S ` (S (NP I )NP (VP 'm (ADJP interested (PP in (NP (NP just the beginning )NP (PP of (NP story No. 1 )NP )PP )NP )PP )ADJP )VP )S , and (S (NP I )NP (VP want (NP story No. 2 )NP (PP in (NP *UNK )NP )PP )VP )S )S )VP )S )VP )VP )S , '' (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S `` (NP You )NP (VP 'll (VP start (S (VP to (VP see (NP (NP shows )NP (SBAR (WHADVP where )WHADVP (S (NP viewers )NP (VP program (NP the program )NP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Integrated Resources Inc. )NP , (NP (NP the troubled financial-services company )NP (SBAR (WHNP that )WHNP (S (VP has (VP been (VP trying (S (VP to (VP sell (NP its core companies )NP (S (VP to (VP restructure (NP debt )NP )VP )VP )S )VP )VP )S )VP )VP )VP )S )SBAR )NP , )NP (VP said (SBAR (S (NP (NP talks )NP (PP with (NP a potential buyer )NP )PP )NP (VP ended )VP )S )SBAR )VP . )S  STOP
(S (NP Integrated )NP (VP did n't (VP (VP identify (NP the party )NP )VP or (VP say (SBAR (WHADVP why )WHADVP (S (NP the talks )NP (VP failed )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP Last week )NP (NP (NP another potential buyer )NP , (NP (NP *UNKC Financial Group )NP -- (SBAR (WHNP which )WHNP (S (VP had (VP agreed (PP in (NP August )NP )PP (S (VP to (VP purchase (NP (NP most )NP (PP of (NP (NP Integrated 's )NP core companies )NP )PP )NP (PP for (NP (QP $ *UNKN million )QP )NP )PP )VP )VP )S )VP )VP )S )SBAR -- )NP )NP (VP ended (NP (NP talks )NP (PP with (NP Integrated )NP )PP )NP )VP . )S  STOP
(S (NP Integrated )NP (VP said (SBAR (SBAR that (S (NP it )NP (VP would (VP continue (S (VP to (VP pursue (NP `` other alternatives '' )NP (S (VP to (VP sell (NP the five core companies )NP )VP )VP )S )VP )VP )S )VP )VP )S )SBAR and (SBAR that (S (NP (NP a group )NP (PP of (NP senior executives )NP )PP )NP (VP plans (S (VP to (VP make (NP a proposal (S (VP to (VP purchase (NP (NP (NP three )NP (PP of (NP the companies )NP )PP )NP -- (NP (NP Integrated Resources Equity Corp. )NP , (NP Resources Trust Co. )NP and (NP Integrated Resources Asset Management Corp )NP )NP )NP )VP )VP )S )NP )VP )VP )S )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP A price )NP (VP was n't (VP disclosed )VP )VP . )S  STOP
(S (NP Integrated )NP (ADVP also )ADVP (VP said (SBAR (S (NP it )NP (VP expects (S (VP to (VP report (NP (NP a second-quarter loss )NP (ADJP (ADJP wider )ADJP (PP than (NP (NP the earlier estimate )NP (PP of (NP (QP about $ 600 million )QP )NP )PP )NP )PP )ADJP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP (VP did n't (VP disclose (NP the new estimate )NP )VP )VP but (VP said (SBAR (S (NP the change )NP (VP was (VP related (PP to (NP (NP (NP Integrated 's )NP failure (S (VP to (VP sell (NP its core businesses )NP )VP )VP )S )NP , (CONJP as well as )CONJP (NP (NP `` other events )NP , '' (SBAR (WHNP which )WHNP (S (NP it )NP (VP did n't (VP detail )VP )VP )S )SBAR , (SBAR (WHNP that )WHNP (S (VP occurred (PP after (NP (NP its announcement )NP (NP last week )NP (SBAR that (S (NP it )NP (VP was (PP in (NP (NP talks )NP (PP with (NP the unidentified prospective buyer )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP )S )SBAR )NP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP a number )NP (PP of (NP (NP top sales producers )NP (PP from (NP Integrated Resources Equity )NP )PP )NP )PP )NP (VP will (VP meet (NP this afternoon )NP (PP in (NP Chicago )NP )PP (S (VP to (VP discuss (NP their options )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP The unit )NP (VP is (NP (NP a (ADJP *UNKLY *UNKED )ADJP group )NP (PP of (NP (NP (QP about *UNKN )QP (NX (NX independent brokers )NX and (NX financial planners )NX )NX )NP (SBAR (WHNP who )WHNP (S (VP sell (NP (NP insurance )NP , (NP *UNK )NP , (NP limited partnerships )NP , (NP mutual funds )NP and (NP (NP other investments )NP (PP for (NP (NP Integrated )NP and (NP other firms )NP )NP )PP )NP )NP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP The sales force )NP (VP is (VP viewed (PP as (NP (NP a critical asset )NP (PP in (NP (NP Integrated 's )NP attempt (S (VP to (VP sell (NP its core companies )NP )VP )VP )S )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP cited (NP (NP concerns )NP (PP about (SBAR (WHADVP how long )WHADVP (S (NP Integrated )NP (VP would (VP be (ADJP able (S (VP to (VP hold (PRT together )PRT (NP the sales force )NP )VP )VP )S )ADJP )VP )VP )S )SBAR )PP )NP (PP as (NP (NP one reason )NP (SBAR (S (NP (NP its talks )NP (PP with (NP Integrated )NP )PP )NP (VP failed )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP In (NP (NP composite trading )NP (PP on (NP the New York Stock Exchange )NP )PP (NP yesterday )NP )NP )PP , (NP Integrated )NP (VP closed (PP at (NP (NP $ 1.25 )NP (NP a share )NP )NP )PP , (ADVP down (NP 25 cents )NP )ADVP )VP . )S  STOP
(S (NP Integrated )NP (VP has (VP been (VP struggling (S (VP to (VP avoid (NP a bankruptcy-law filing )NP )VP )VP )S (PP since (NP (NP June )NP , (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP failed (S (VP to (VP make (NP (NP interest payments )NP (PP on (NP (NP (QP nearly $ 1 billion )QP )NP (PP of (NP debt )NP )PP )NP )PP )NP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP )VP . )S  STOP
(S (NP Integrated senior and *UNK creditors )NP (VP are (VP owed (NP (NP a total )NP (PP of (NP (QP about $ 1.8 billion )QP )NP )PP )NP )VP )VP . )S  STOP
(S (NP *UNK *UNKC )NP (VP *UNKC (NP Northern California )NP , (S (VP killing (NP (QP more than 50 )QP people )NP )VP )S )VP . )S  STOP
(S (NP (NP The violent temblor )NP , (SBAR (WHNP which )WHNP (S (VP (VP lasted (NP (QP about 15 )QP seconds )NP )VP and (VP registered (NP 6.9 )NP (PP on (NP the Richter scale )NP )PP )VP )VP )S )SBAR , )NP (ADVP also )ADVP (VP (VP caused (NP (NP the collapse )NP (PP of (NP (NP a *UNK- section )NP (PP of (NP the San *UNKC Bay Bridge )NP )PP )NP )PP )NP )VP and (VP shook (NP Candlestick Park )NP )VP )VP . )S  STOP
(S (NP The tremor )NP (VP (VP was (ADJP *UNKED (PP near (NP (NP *UNKC )NP , (NP (NP *UNK )NP (PP of (NP San Francisco )NP )PP )NP )NP )PP )ADJP )VP , and (VP was (VP felt (ADVP as far (PP as (NP 200 miles )NP )PP away )ADVP )VP )VP )VP . )S  STOP
(S (NP *UNKC injuries )NP (VP were (VP reported )VP )VP . )S  STOP
(S (S (NP Some buildings )NP (VP collapsed )VP )S , (S (NP gas and water lines )NP (VP *UNKED )VP )S and (S (NP fires )NP (VP *UNKED )VP )S . )S  STOP
(S (NP (NP The quake )NP , (SBAR (WHNP which )WHNP (S (ADVP also )ADVP (VP caused (NP (NP damage )NP (PP in (NP (NP San Jose )NP and (NP Berkeley )NP )NP )PP )NP )VP )S )SBAR , )NP (VP (VP knocked (PRT out )PRT (NP electricity and *UNK )NP )VP , (VP *UNKED (NP roadways )NP )VP and (VP disrupted (NP (NP *UNK service )NP (PP in (NP the Bay Area )NP )PP )NP )VP )VP . )S  STOP
(S (NP Major injuries )NP (VP were n't (VP reported (PP at (NP (NP Candlestick Park )NP , (SBAR (WHADVP where )WHADVP (S (S (NP (NP the third game )NP (PP of (NP (NP baseball 's )NP World Series )NP )PP )NP (VP was (VP canceled )VP )VP )S and (S (NP fans )NP (VP *UNKED (PP from (NP the stadium )NP )PP )VP )S )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP Bush )NP (VP vowed (S (VP to (VP veto (NP (NP a bill )NP (VP allowing (NP (NP federal financing )NP (PP for (NP (NP abortions )NP (PP in (NP (NP cases )NP (PP of (NP rape and incest )NP )PP )NP )PP )NP )PP )NP )VP )NP )VP )VP )S , (S (VP saying (SBAR (S (NP tax dollars )NP (VP should n't (VP be (VP used (S (VP to `` (VP compound (NP a violent act )NP (PP with (NP (NP the taking )NP (PP of (NP an *UNK life )NP )PP )NP )PP )VP )VP )S )VP )VP )VP )S )SBAR )VP )S )VP . '' )S  STOP
(S (NP (NP His pledge )NP , (PP in (NP (NP a letter )NP (PP to (NP Democratic Sen. *UNKC )NP )PP )NP )PP , )NP (VP came (ADVP ahead (PP of (NP (NP an expected Senate vote )NP (PP on (NP (NP spending legislation )NP (VP containing (NP the provision )NP )VP )NP )PP )NP )PP )ADVP )VP . )S  STOP
(S (NP (NP East Germany 's )NP Politburo )NP (VP met (PP amid (NP speculation (SBAR that (S (NP the ruling body )NP (VP would (VP oust (NP (NP hard-line leader Honecker )NP , (SBAR (WHNP whose rule )WHNP (S (VP has (VP been (VP challenged (PP by (NP (NP mass *UNK )NP and (NP (NP calls )NP (PP for (NP democratic freedoms )NP )PP )NP )NP )PP )VP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (QP about 125 )QP refugees )NP (VP (VP flew (PP to (NP (NP *UNKC )NP , (NP West Germany )NP , )NP )PP (PP from (NP Warsaw )NP )PP )VP , (NP (NP the first *UNK )NP (PP in (NP (NP East Germany 's )NP *UNK exodus )NP )PP )NP )VP . )S  STOP
(S (NP The World *UNKC Association )NP (VP voted (PP at (NP an *UNKC *UNK )NP )PP (S (VP to (VP (ADVP *UNKLY )ADVP *UNK (NP the Soviet Union )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP Moscow )NP , (SBAR (WHNP which )WHNP (S (VP left (NP the group )NP (PP in (NP 1983 )NP )PP (S (VP to (VP avoid (NP (NP *UNK )NP (PP over (NP allegations (SBAR that (S (NP political *UNK )NP (VP were (VP being (VP *UNKED (PP as (ADJP *UNK )ADJP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP )S )SBAR , )NP (VP could (VP be (VP suspended (SBAR if (S (NP (NP the *UNK )NP (PP of (NP *UNK )NP )PP (PP against (NP *UNK )NP )PP )NP (VP is (VP discovered (PP during (NP (NP a review )NP (PP within (NP a year )NP )PP )NP )PP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP NASA )NP (VP postponed (NP (NP the *UNK )NP (PP of (NP the space shuttle Atlantis )NP )PP )NP (PP because of (NP (NP rain )NP (PP near (NP (NP the site )NP (PP of (NP the launch *UNK )NP )PP (PP in (NP (NP *UNKC *UNKC )NP , (NP Fla )NP )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP The flight )NP (VP was (VP *UNKED (PP for (NP today )NP )PP )VP )VP . )S  STOP
(S (NP (NP The spacecraft 's )NP five *UNK )NP (VP are (S (VP to (VP *UNK (NP the *UNKED Galileo space probe )NP (PP on (NP (NP an *UNK mission )NP (PP to (NP Jupiter )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Senate Democratic leaders )NP (VP said (SBAR (S (NP they )NP (VP had (NP (NP enough votes )NP (SBAR (S (VP to (VP defeat (NP (NP a proposed constitutional amendment )NP (SBAR (S (VP to (VP ban (NP flag *UNKING )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The amendment )NP (VP is (VP aimed (PP at (S (VP *UNKING (NP (NP a Supreme Court ruling )NP (SBAR (WHNP that )WHNP (S (VP threw (PRT out )PRT (NP (NP the conviction )NP (PP of (NP a Texas *UNK- )NP )PP )NP (PP on (NP grounds (SBAR that (S (NP (NP his freedom )NP (PP of (NP speech )NP )PP )NP (VP was (VP violated )VP )VP )S )SBAR )NP )PP )VP )S )SBAR )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP Federal researchers )NP (VP said (SBAR (S (NP (NP lung-cancer mortality rates )NP (PP for (NP (NP people )NP (PP under (NP (NP 45 years )NP (PP of (NP age )NP )PP )NP )PP )NP )PP )NP (VP have (VP begun (S (VP to (VP decline , (PP (ADVP particularly )ADVP for (NP white males )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The National Cancer Institute )NP (ADVP also )ADVP (VP projected (SBAR that (S (NP (NP overall U.S. mortality rates )NP (PP from (NP lung cancer )NP )PP )NP (VP should (VP begin (S (VP to (VP drop (PP in (NP several years )NP )PP (SBAR if (S (NP cigarette smoking )NP (VP continues (S (VP to (VP *UNK )VP )VP )S )VP )S )SBAR )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Bush )NP (VP met (PP with (NP (NP (ADJP South Korean )ADJP President Roh )NP , (SBAR (WHNP who )WHNP (S (VP indicated (SBAR that (S (NP Seoul )NP (VP plans (S (VP to (ADVP further )ADVP (VP ease (NP trade rules )NP (S (VP to (VP ensure (SBAR that (S (NP its economy )NP (VP becomes (ADJP (ADJP as open )ADJP (PP as (NP the other industrialized nations )NP )PP )ADJP (PP by (NP the *UNK- )NP )PP )VP )S )SBAR )VP )VP )S )VP )VP )S )VP )S )SBAR )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Bush )NP (VP assured (NP Roh )NP (SBAR that (S (NP the U.S. )NP (VP would (VP stand (PP by (NP its security commitments )NP )PP (ADVP `` (ADVP as long )ADVP (SBAR as (S (NP there )NP (VP is (NP (NP a threat )NP '' (PP from (NP Communist North Korea )NP )PP )NP )VP )S )SBAR )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The Bush administration )NP (VP is (VP seeking (NP (NP an understanding )NP (PP with (NP Congress )NP )PP (SBAR (S (VP to (VP ease (NP (NP restrictions )NP (PP on (NP (NP U.S. involvement )NP (PP in (NP (NP foreign coups )NP (SBAR (WHNP that )WHNP (S (VP might (VP result (PP in (NP (NP the death )NP (PP of (NP (NP a country 's )NP leader )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP A White House spokesman )NP (VP said (SBAR that (S (SBAR while (S (NP Bush )NP (VP would n't (VP alter (NP (NP a longstanding ban )NP (PP on (NP such involvement )NP )PP )NP )VP )VP )S )SBAR , `` (NP there )NP (VP 's (NP (NP a *UNK )NP (VP needed '' )VP (PP on (NP its interpretation )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP India 's )NP Gandhi )NP (VP called (PP for (NP parliamentary elections )NP )PP (NP next month )NP )VP . )S  STOP
(S (NP (NP The *UNKING )NP , (VP considered (S (NP (NP a test )NP (PP for (NP (NP the prime minister )NP and (NP the ruling Congress (PRN -LRB- I -RRB- )PRN Party )NP )NP )PP )NP )S )VP , )NP (VP comes (PP amid (NP (NP charges )NP (PP of (NP (NP *UNK leadership )NP and (NP government corruption )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Gandhi 's )NP family )NP (VP has (VP ruled (NP independent India )NP (PP for (NP (NP (QP all but five )QP years )NP (PP of (NP its *UNK- history )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The Soviet Union )NP (VP *UNKED (PP from (NP (NP a U.N. General Assembly vote )NP (SBAR (S (VP to (VP reject (NP (NP Israel 's )NP credentials )NP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP It )NP (VP (VP was (NP (NP the first time )NP (PP in (NP seven years )NP )PP (SBAR that (S (NP Moscow )NP (VP has n't (VP joined (NP (NP efforts )NP , (VP led (PP by (NP *UNKC nations )NP )PP )VP , (SBAR (S (VP to (VP *UNK (NP Israel )NP (PP from (NP the world body )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP , and (VP was (VP viewed (PP as (NP (NP a sign )NP (PP of (NP improving *UNKC ties )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP Israel )NP (VP was (VP *UNKED (PP by (NP (NP a vote )NP (PP of (NP *UNKN )NP )PP )NP )PP , (PP with (NP 15 *UNK )NP )PP )VP )VP . )S  STOP
(S (NP Black activist Walter Sisulu )NP (VP said (SBAR (S (NP the African National Congress )NP (VP would n't (VP reject (NP violence )NP (PP as (NP (NP a way )NP (SBAR (S (VP to (VP pressure (NP the (ADJP South African )ADJP government )NP (PP into (NP (NP concessions )NP (SBAR (WHNP that )WHNP (S (VP might (VP lead (PP to (NP (NP negotiations )NP (PP over (NP apartheid )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNK- Sisulu )NP (VP was (PP among (NP (NP eight black political activists )NP (VP *UNKED (NP Sunday )NP (PP from (NP prison )NP )PP )VP )NP )PP )VP . )S  STOP
(S (NP London )NP (VP has (VP concluded (SBAR that (S (NP *UNKC President *UNKC )NP (VP was n't (ADJP responsible (PP for (NP (NP the execution )NP (PP of (NP six British *UNK )NP )PP (PP in (NP World War II )NP )PP )NP )PP )ADJP , (SBAR although (S (NP he )NP (ADVP probably )ADVP (VP was (ADJP aware (PP of (NP the *UNK )NP )PP )ADJP )VP )S )SBAR )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP The report )NP (PP by (NP the Defense Ministry )NP )PP )NP (ADVP also )ADVP (VP rejected (NP allegations (SBAR that (S (NP Britain )NP (VP covered (PRT up )PRT (NP (NP evidence )NP (PP of (NP (NP (NP *UNKC 's )NP activities )NP (PP as (NP a German army officer )NP )PP )NP )PP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP An international group )NP (VP approved (NP (NP a formal ban )NP (PP on (NP *UNK trade )NP )PP )NP (PP despite (NP (NP objections )NP (PP from (NP (NP (ADJP southern African )ADJP governments )NP , (SBAR (WHNP which )WHNP (S (VP threatened (S (VP to (VP find (NP (NP alternative channels )NP (PP for (S (VP selling (NP *UNK *UNK )NP )VP )S )PP )NP )VP )VP )S )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP The move )NP (PP by (NP (NP (NP the *UNKC )NP (PP on (NP (NP Trade )NP (PP in (NP *UNKED *UNKC )NP )PP )NP )PP )NP , (VP meeting (PP in (NP Switzerland )NP )PP )VP , )NP )PP )NP (VP places (NP the *UNK )NP (PP on (NP the *UNK- list )NP )PP )VP . )S  STOP
(S (NP (NP An *UNK )NP (PP in (NP Colombia )NP )PP )NP (VP killed (NP a federal judge )NP (PP on (NP a *UNKC street )NP )PP )VP . )S  STOP
(S (NP (NP An *UNK caller )NP (PP to (NP a local radio station )NP )PP )NP (VP said (SBAR (S (NP *UNK traffickers )NP (VP had (VP *UNK (NP the *UNK )NP (PP in (NP (NP *UNK )NP (PP for (NP (NP the *UNK )NP (PP of (NP (NP *UNKC )NP (VP wanted (PP on (NP drug charges )NP )PP (PP in (NP the U.S. )NP )PP )VP )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP *UNKC leader *UNKC )NP (VP met (PP with (NP (NP *UNKC 's )NP President *UNKC )NP )PP )VP )S , and (S (NP the two officials )NP (VP pledged (S (VP to (VP respect (NP (NP each other 's )NP laws , security and stability )NP )VP )VP )S )VP )S . )S  STOP
(S (NP They )NP (VP stopped (ADVP short (PP of (S (VP *UNKING (NP (NP diplomatic ties )NP , (VP *UNKED (PP in (NP 1979 )NP )PP )VP )NP )VP )S )PP )ADVP )VP . )S  STOP
(S (NP (NP The reconciliation talks )NP (PP in (NP (NP the *UNKC desert town )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP (VP followed (NP (NP a meeting )NP (NP Monday )NP (PP in (NP (NP the *UNKC resort )NP (PP of (NP *UNKC *UNKC )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC Group Inc. )NP (VP (VP revised (NP (NP its exchange offer )NP (PP for (NP (NP (ADJP (QP $ *UNKN million )QP )ADJP face amount )NP (PP of (NP (NP (ADJP 13.5 % )ADJP senior subordinated debt )NP (ADJP due (NP 1996 )NP )ADJP )NP )PP )NP )PP )NP )VP and (VP extended (NP the offer )NP (PP to (NP Oct. 27 )NP )PP (PP from (NP Oct. 12 )NP )PP )VP )VP . )S  STOP
(S (NP The (NAC *UNKC , N.J. , )NAC company )NP (VP said (SBAR (S (NP holders )NP (VP would (VP receive (PP for (NP each (ADJP $ 1,000 )ADJP face amount )NP )PP , (NP (NP (NP (ADJP $ 750 )ADJP face amount )NP (PP of (NP (NP a new issue )NP (PP of (NP (NP secured senior subordinated notes )NP , (ADJP convertible (PP into (NP common stock )NP )PP (PP at (NP (NP an initial rate )NP (PP of (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP )NP )PP )ADJP )NP )PP )NP )PP )NP , and (NP 50 common shares )NP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The new notes )NP (VP will (VP bear (NP interest )NP (PP (PP at (NP (NP 5.5 % )NP (PP through (NP (NP July 31 )NP , (NP 1991 )NP )NP )PP )NP )PP , and (ADVP thereafter )ADVP (PP at (NP 10 % )NP )PP )PP )VP )VP . )S  STOP
(S (PP Under (NP the original proposal )NP )PP , (NP (NP (NP the maker )NP (PP of (NP specialty coatings )NP )PP )NP and (NP (NP a developer )NP (PP of (NP *UNK- technologies )NP )PP )NP )NP (VP offered (NP (NP (NP $ 400 )NP (PP of (NP (NP notes )NP (ADJP due (NP 1996 )NP )ADJP )NP )PP )NP , (NP 10 common shares )NP and (NP (NP $ 175 )NP (PP in (NP cash )NP )PP (PP for (NP each (ADJP $ 1,000 )ADJP face amount )NP )PP )NP )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP the exchange offer )NP )PP )NP (VP is (ADJP subject (PP to (NP (NP the tender )NP (PP of (NP (NP (QP at least 80 )QP % )NP (PP of (NP the debt )NP )PP )NP )PP (PRN , (PP among (NP other things )NP )PP )PRN )NP )PP )ADJP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP said (SBAR (S (NP it )NP (VP does n't (VP plan (S (VP to (ADVP further )ADVP (VP extend (NP the offer )NP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR , )NP (VP said (SBAR (S (NP it )NP (VP received (NP (NP (ADJP $ *UNKN )ADJP face amount )NP (PP of (NP debt )NP )PP )NP (PP under (NP the original offer )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The stock )NP (PP of (NP UAL Corp. )NP )PP )NP (VP continued (S (VP to (VP be (VP *UNKED (PP amid (NP signs (SBAR that (S (NP British Airways )NP (VP may (VP *UNK (PP at (NP (NP any *UNK *UNK )NP (PP of (NP (NP the *UNKED (ADJP (QP $ 6.79 billion )QP )ADJP buy-out )NP (PP of (NP (NP United Airlines ' )NP parent )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (NP UAL stock )NP (VP plummeted (NP a (QP further $ *UNKN )QP )NP (PP to (NP $ *UNKN )NP )PP (PP on (NP (NP volume )NP (PP of (NP (QP more than 2.8 million )QP shares )NP )PP )NP )PP (PP in (NP New York Stock Exchange composite trading )NP )PP )VP . )S  STOP
(S (NP The plunge )NP (VP followed (NP (NP a drop )NP (PP of (NP $ *UNKN )NP )PP (NP Monday )NP )NP , (PP amid (NP indications (SBAR (S (NP the takeover )NP (VP may (VP take (NP weeks )NP (S (VP to (VP be (VP revived )VP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The stock )NP (VP has (VP fallen (NP (NP $ *UNKN )NP , or (NP 31 % )NP , )NP (PP in (NP (NP the three trading days )NP (SBAR since (S (NP (NP announcement )NP (PP of (NP (NP the collapse )NP (PP of (NP the (ADJP $ 300-a-share )ADJP takeover )NP )PP )NP )PP )NP (VP jolted (NP the entire stock market )NP (PP into (NP (NP its *UNK- plunge )NP (ADVP ever )ADVP )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (S `` (NP This )NP (VP is (NP (NP a total *UNK )NP '' (PP for (NP takeover-stock traders )NP )PP )NP )VP )S , (NP one investment banker )NP (VP said )VP . )S  STOP
(S (NP (NP Los Angeles financier Marvin Davis )NP , (SBAR (WHNP who )WHNP (S (VP put (NP United )NP (PP in (NP play )NP )PP (PP with (NP a (ADJP (QP $ 5.4 billion )QP )ADJP bid )NP )PP (ADVP (NP two months )NP ago )ADVP )VP )S )SBAR , )NP (NP last night )NP (VP *UNKED (NP both (NP (NP a *UNK )NP (PP of (NP hope )NP )PP )NP and (NP (NP an extra element )NP (PP of (NP uncertainty )NP )PP )NP )NP (PP by (S (VP saying (SBAR (S (NP he )NP (VP remains (ADJP interested (PP in (S (VP acquiring (NP UAL )NP )VP )S )PP )ADJP )VP )S )SBAR )VP )S )PP )VP . )S  STOP
(S But (NP he )NP (VP dropped (NP his earlier (ADJP $ 300-a-share )ADJP *UNK- bid )NP , (S (VP saying (SBAR (S (NP he )NP (VP must (ADVP first )ADVP (VP explore (NP bank financing )NP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (SBAR Even as (S (NP (NP Citicorp )NP and (NP Chase Manhattan Corp. )NP )NP (VP scrambled (S (VP to (VP line (PRT up )PRT (NP (NP bank financing )NP (PP for (NP (NP a revised version )NP (PP of (NP the *UNKED labor-management bid )NP )PP )NP )PP )NP )VP )VP )S )VP )S )SBAR , (NP (NP British Airways )NP , (NP (NP a (ADJP 15 % )ADJP partner )NP (PP in (NP the buying group )NP )PP )NP , )NP (VP indicated (SBAR (S (NP it )NP (VP wants (S (VP to (VP start (PP from (NP *UNK )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Its partners )NP (VP are (NP (NP (NP (NP United 's )NP pilots )NP , (SBAR (WHNP who )WHNP (S (VP were (S (VP to (VP own (NP 75 % )NP )VP )VP )S )VP )S )SBAR , )NP and (NP (NP UAL management )NP (PP at (NP 10 % )NP )PP )NP )NP )VP . )S  STOP
(S (S (VP *UNKING (NP *UNK )NP (PP to (NP injury )NP )PP )VP )S , (NP (NP (NP United 's )NP *UNK- (NP Machinists ' )NP union , )NP (SBAR (WHNP which )WHNP (S (VP helped (S (VP scuttle (NP (NP financing )NP (PP for (NP the first bid )NP )PP )NP )VP )S )VP )S )SBAR , )NP (NP yesterday )NP (VP asked (NP (NP UAL Chairman Stephen Wolf )NP and (NP other UAL directors )NP )NP (S (VP to (VP resign )VP )VP )S )VP . )S  STOP
(S (NP A similar demand )NP (VP was (VP made (PP by (NP (NP a group )NP (SBAR (WHNP that )WHNP (S (VP represents (NP (NP some )NP (PP of (NP (NP United 's )NP *UNKN *UNK employees )NP )PP )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP John *UNKC )NP , (NP Machinists union general vice president )NP , )NP (VP attacked (NP Mr. Wolf )NP (PP as (ADJP `` *UNK and irresponsible '' )ADJP )PP (PP for (S (VP pursuing (NP the buy-out )NP )VP )S )PP )VP . )S  STOP
(S (SBAR Although (S (NP (NP Mr. Wolf )NP and (NP (NP John Pope )NP , (NP (NP UAL 's )NP chief financial officer )NP , )NP )NP (VP stood (S (VP to (VP *UNK (NP (NP (QP $ *UNKN million )QP )NP (PP for (NP stock and options )NP )PP )NP (PP in (NP the buy-out )NP )PP )VP )VP )S )VP )S )SBAR , (NP UAL executives )NP (VP planned (S (VP to (VP *UNK (NP (QP only $ 15 million )QP )NP (PP in (NP the new company )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP The *UNK- machinists )NP , (NP (NP longtime rivals )NP (PP of (NP the white-collar pilots )NP )PP )NP , )NP (VP say (SBAR (S (NP the *UNK )NP (VP would (VP (VP load (NP the company )NP (PP with (NP debt )NP )PP )VP and (VP weaken (NP its finances )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP about (NP (NP (NP the two banks ' )NP *UNKED efforts )NP (SBAR (S (VP to (VP round (PRT up )PRT (NP (NP financing )NP (PP for (NP (NP a new bid )NP (SBAR (WHNP that )WHNP (S (NP the UAL board )NP (VP has n't (ADVP even )ADVP (VP seen (ADVP yet )ADVP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )SBAR )NP )PP )NP (VP helped (S (VP send (S (NP UAL stock )NP (VP *UNKING (ADVP downward )ADVP )VP )S )VP )S )VP . )S  STOP
(S And (NP (NP rumors )NP (PP of (NP (NP forced selling )NP (PP by (NP takeover-stock traders )NP )PP )NP )PP )NP (VP triggered (NP (NP a *UNK- *UNK )NP (PP in (NP the Dow Jones Industrial Average )NP )PP )NP (PP around (NP (NP *UNKN a.m. EDT )NP (NP yesterday )NP )NP )PP )VP . )S  STOP
(S (NP (NP Yesterday 's )NP selling )NP (VP began (SBAR after (S (NP a Japanese news agency )NP (VP reported (SBAR that (S (NP (NP Japanese banks )NP , (SBAR (WHNP which )WHNP (S (VP *UNKED (PP at (NP the first bid )NP )PP )VP )S )SBAR , )NP (VP were (ADJP ready (S (VP to (VP reject (NP (NP a revised version )NP (PP at (NP (NP (NP (QP around $ 250 )QP )NP (NP a share )NP )NP , or (NP (QP $ *UNKN billion )QP )NP )NP )PP )NP )VP )VP )S )ADJP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Several reports )NP (SBAR as (S (NP the day )NP (VP *UNKED )VP )S )SBAR (VP gave (NP (NP (ADJP vague or *UNKING )ADJP indications )NP (PP about (SBAR whether (S (NP banks )NP (VP would (VP sign (PRT up )PRT )VP )VP )S )SBAR )PP )NP )VP . )S  STOP
(S (NP Citicorp )NP , (PP for (NP example )NP )PP , (VP said (ADVP only )ADVP (SBAR that (S (NP it )NP (VP (VP had (NP (NP `` *UNK )NP (PP of (NP (NP interest )NP (PP of (NP a transaction )NP )PP )NP )PP (PP from (NP both (NP the borrowers )NP and (NP the banks )NP )NP )PP )NP )VP , '' but (VP did n't (VP have (NP an agreement )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Late (PP in (NP the day )NP )PP )ADVP , (NP Mr. Wolf )NP (VP issued (NP (NP a *UNK statement )NP (VP calling (S (NP (NP Mr. *UNKC 's )NP blast )NP (ADJP `` (ADJP divisive )ADJP and (ADJP *UNKED for )ADJP )ADJP )S )VP )NP )VP . '' )S  STOP
(S But (NP he )NP (VP gave (NP (NP few details )NP (PP on (NP (NP the progress )NP (PP toward (NP a new bid )NP )PP )NP )PP )NP , (S (VP saying (ADVP only )ADVP , (S `` (NP We )NP (VP are (VP working (PP toward (NP (NP a revised proposal )NP (PP for (NP majority employee ownership )NP )PP )NP )PP )VP )VP )S )VP )S )VP . '' )S  STOP
(S (ADVP Meanwhile )ADVP , (PP in (NP another sign (SBAR that (S (NP a new bid )NP (VP is n't (ADJP imminent )ADJP )VP )S )SBAR )NP )PP , (NP it )NP (VP was (VP learned (SBAR (SBAR that (S (NP the UAL board )NP (VP held (NP a telephone meeting )NP (NP Monday )NP (S (VP to (VP hear (NP (NP an *UNK )NP (PP on (NP the situation )NP )PP )NP )VP )VP )S )VP )S )SBAR , but (SBAR that (S (NP a formal board meeting )NP (VP is n't (ADJP likely (S (VP to (VP be (VP *UNKED (PP until (NP early next week )NP )PP )VP )VP )VP )S )ADJP )VP )S )SBAR )SBAR )VP )VP . )S  STOP
(S (PP In (NP London )NP )PP , (NP British Airways Chairman Lord King )NP (VP was (VP quoted (PP in (NP the Times )NP )PP (PP as (S (VP declaring (SBAR (S (NP he )NP (VP is `` not (ADJP prepared (S (VP to (VP take (NP my shareholders )NP (PP into (NP a *UNK deal )NP )PP )VP )VP )S )ADJP )VP )S )SBAR )VP )S )PP )VP )VP . '' )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP appeared (SBAR that (S (NP British Air )NP (VP was (VP angered (PP (PP at (NP (NP the way )NP (SBAR (S (NP the bid )NP (VP has (VP *UNKED (PP into (NP confusion )NP )PP )VP )VP )S )SBAR )NP )PP , (CONJP as well as )CONJP (PP by (NP (NP (NP the banks ' )NP effort )NP (SBAR (S (VP to (VP round (PRT up )PRT (NP (NP financing )NP (PP for (SBAR (WHNP what )WHNP (S (NP one )NP (VP called (S (NP `` (NP a deal )NP (SBAR (WHNP that )WHNP (S (VP is n't (NP a deal )NP )VP )S )SBAR )NP )S )VP )S )SBAR )PP )NP )VP )VP )S )SBAR )NP )PP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP The effort )NP (SBAR (S (VP to (VP revive (NP the bid )NP )VP )VP )S )SBAR )NP (VP was (VP complicated (PP by (NP (NP the *UNK nature )NP (PP of (NP the *UNK- buying group )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The pilots )NP (VP were (VP meeting (PP outside (NP Chicago )NP )PP (NP yesterday )NP )VP )VP . )S  STOP
(S But (NP (NP British Air )NP , (SBAR (WHNP which )WHNP (S (VP was (S (VP to (VP have (VP supplied (NP (NP (QP $ 750 million out of $ *UNKN million )QP )NP (PP in (NP equity financing )NP )PP )NP )VP )VP )VP )S )VP )S )SBAR , )NP (VP (VP (ADVP apparently )ADVP was n't (ADJP involved (PP in (NP the second proposal )NP )PP )ADJP )VP and (VP could (ADVP well )ADVP (VP reject (NP it )NP (SBAR even if (S (NP banks )NP (VP obtain (NP financing )NP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP (NP A group )NP (PP of (NP (NP United 's )NP *UNK employees )NP )PP )NP (VP said (PP in (NP a statement )NP )PP , (S `` (NP The fact (SBAR that (S (NP (NP Wolf )NP and (NP other officers )NP )NP (VP were (VP going (S (VP to (VP line (NP their pockets )NP (PP with (NP (NP literally millions )NP (PP of (NP dollars )NP )PP )NP )PP (SBAR while (S (VP *UNKING (NP (NP severe pay cuts )NP (PP on (NP (NP the *UNK employees )NP (PP of (NP United )NP )PP )NP )PP )NP )VP )S )SBAR )VP )VP )S )VP )VP )S )SBAR )NP (VP is (ADJP not only *UNK but *UNK )ADJP )VP )S )VP . '' )S  STOP
(S (NP The machinists )NP (ADVP also )ADVP (VP asked (PP for (NP (NP an investigation )NP (PP by (NP the Securities and Exchange Commission )NP )PP (PP into (NP (NP possible *UNK- violations )NP (PP (PP in (NP (NP the original bid )NP (PP for (NP UAL )NP )PP (PP by (NP Mr. Davis )NP )PP )NP )PP , (CONJP as well as )CONJP (PP in (NP (NP the response )NP (PP by (NP UAL )NP )PP )NP )PP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Last week )NP , (SBAR just before (S (NP the bank commitments )NP (VP were (ADJP due )ADJP )VP )S )SBAR , (NP the union )NP (VP asked (S (NP the U.S. Labor Department )NP (VP to (VP study (SBAR whether (S (NP the bid )NP (VP violated (NP (NP legal standards )NP (PP of (NP fairness )NP )PP (VP governing (NP employee investment funds )NP )VP )NP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (PP In (NP his statement )NP )PP , (NP Mr. Wolf )NP (VP said , (S `` (NP We )NP (VP continue (S (VP to (VP believe (SBAR (SBAR (S (NP our approach )NP (VP is (ADJP sound )ADJP )VP )S )SBAR , and (SBAR that (S (NP it )NP (VP is (ADJP (ADJP far better )ADJP (PP for (NP all employees )NP )PP (PP than (NP (NP the alternative )NP (PP of (S (VP having (S (NP an *UNK )NP (VP own (NP the company )NP (PP with (S (NP employees )NP (VP paying (PP for (NP it )NP )PP (ADVP just the same )ADVP )VP )S )PP )VP )S )VP )S )PP )NP )PP )ADJP )VP )S )SBAR )SBAR )VP )VP )S )VP )S )VP . '' )S  STOP
(S (NP Mr. Wolf )NP (VP has (VP *UNKED (NP (NP merger advice )NP (PP from (NP a major Wall Street securities firm )NP )PP )NP , (S (VP relying (ADVP instead )ADVP (PP (ADVP only )ADVP on (NP (NP a takeover lawyer )NP , (NP (NP Peter *UNKC )NP (PP of (NP *UNKC *UNKC *UNKC *UNKC & *UNKC )NP )PP )NP )NP )PP )VP )S )VP )VP . )S  STOP
(S (NP (NP The huge drop )NP (PP in (NP UAL stock )NP )PP )NP (VP prompted (S (NP (NP one takeover stock trader )NP , (NP (NP George *UNKC )NP , (NP (NP managing partner )NP (PP of (NP *UNKC , *UNKC & Co. )NP )PP )NP , )NP )NP (VP to (VP deny (ADVP publicly )ADVP (NP rumors (SBAR that (S (NP his firm )NP (VP was (VP going (PP out (PP of (NP business )NP )PP )PP )VP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR that (S (PP despite (NP (NP losses )NP (PP on (NP UAL stock )NP )PP )NP )PP , (NP (NP his firm 's )NP health )NP (VP is (ADJP `` excellent )ADJP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP The stock 's )NP decline )NP (ADVP also )ADVP (VP has (VP left (S (NP the UAL board )NP (PP in (NP a *UNK )NP )PP )S )VP )VP . )S  STOP
(S (SBAR Although (S (NP it )NP (VP may not (VP be (VP (ADVP legally )ADVP *UNKED (S (VP to (VP sell (NP the company )NP (SBAR if (S (NP the buy-out group )NP (VP ca n't (VP revive (NP its bid )NP )VP )VP )S )SBAR )VP )VP )S )VP )VP )VP )S )SBAR , (NP it )NP (VP may (VP have (S (VP to (VP explore (NP alternatives )NP (SBAR if (S (NP the buyers )NP (VP come (PRT back )PRT (PP with (NP (NP a bid )NP (ADJP (ADJP much lower )ADJP (PP than (NP (NP the group 's )NP original (ADJP $ 300-a-share )ADJP proposal )NP )PP )ADJP )NP )PP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (PP At (NP (NP a meeting )NP (NP Sept. 1 )NP (S (VP to (VP consider (NP the labor-management bid )NP )VP )VP )S )NP )PP , (NP the board )NP (ADVP also )ADVP (VP was (VP informed (PP by (NP (NP its investment adviser )NP , (NP First Boston Corp. )NP , )NP )PP (PP of (NP (NP interest )NP (VP expressed (PP (PP by (NP (NP buy-out funds )NP (PP including (NP (NP *UNKC Kravis Roberts & Co. )NP and (NP *UNKC Little & Co. )NP )NP )PP )NP )PP , (CONJP as well as )CONJP (PP by (NP (NP Robert Bass )NP , (NP (NP Morgan Stanley 's )NP buy-out fund )NP , and (NP Pan Am Corp )NP )NP )PP )PP )VP )NP )PP )VP )VP . )S  STOP
(S (NP The takeover-stock traders )NP (VP were (VP hoping (SBAR (SBAR that (S (NP (NP Mr. Davis )NP or (NP (NP one )NP (PP of (NP the other interested parties )NP )PP )NP )NP (VP might (VP *UNK- (PP with (NP (NP the situation )NP (PP in (NP disarray )NP )PP )NP )PP )VP )VP )S )SBAR , or (SBAR that (S (NP the board )NP (VP might (VP consider (NP a recapitalization )NP )VP )VP )S )SBAR )SBAR )VP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP Japanese bankers )NP (VP said (SBAR (S (NP they )NP (VP were (ADVP still )ADVP (ADJP *UNK (PP about (S (VP accepting (NP (NP Citicorp 's )NP latest proposal )NP )VP )S )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP Macmillan Inc. )NP (VP said (SBAR (S (NP it )NP (VP plans (NP (NP a public offering )NP (PP of (NP (NP (QP 8.4 million )QP shares )NP (PP of (NP its *UNKC International Inc. unit )NP )PP )NP )PP (PP at (NP (NP (QP $ 19 to $ 21 )QP )NP (NP a share )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The offering )NP (PP for (NP the language school unit )NP )PP )NP (VP was (VP announced (PP by (NP (NP Robert Maxwell )NP , (NP (NP (NP chairman )NP and (NP chief executive officer )NP )NP (PP of (NP (NP London-based Maxwell Communication Corp. )NP , (SBAR (WHNP which )WHNP (S (VP owns (NP Macmillan )NP )VP )S )SBAR )NP )PP )NP )NP )PP )VP )VP . )S  STOP
(S (SBAR After (S (NP the offering )NP (VP is (VP completed )VP )VP )S )SBAR , (NP Macmillan )NP (VP will (VP own (NP (NP (QP about 56 )QP % )NP (PP of (NP (NP the *UNKC common stock )NP (ADJP outstanding )ADJP )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP (QP Five million )QP shares )NP (VP will (VP be (VP offered (PP in (NP the U.S. )NP )PP )VP )VP )VP )S , and (S (NP (QP 3.4 million )QP additional shares )NP (VP will (VP be (VP offered (PP in (NP *UNK international offerings )NP )PP (PP outside (NP the U.S. )NP )PP )VP )VP )VP )S . )S  STOP
(S (NP Goldman , Sachs & Co. )NP (VP will (VP manage (NP the offering )NP )VP )VP . )S  STOP
(S (NP Macmillan )NP (VP said (SBAR (S (NP *UNKC )NP (VP intends (S (VP to (VP pay (NP (NP quarterly dividends )NP (PP on (NP the stock )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP it )NP (VP expects (S (VP to (VP pay (NP (NP the first dividend )NP , (PP of (NP (NP 12.5 cents )NP (NP a share )NP )NP )PP , )NP (PP in (NP the 1990 first quarter )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP will (VP borrow (NP (NP (NP an amount )NP (ADJP equal (PP to (NP (NP its expected net proceeds )NP (PP from (NP the offerings )NP )PP )NP )PP )ADJP )NP , plus (NP (QP $ 50 million )QP )NP , )NP (PP in (NP (NP connection )NP (PP with (NP (NP a credit agreement )NP (PP with (NP lenders )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP The total borrowing )NP (VP will (VP be (NP (QP about $ *UNKN million )QP )NP )VP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP (NP Proceeds )NP (PP from (NP (NP the borrowings )NP (PP under (NP the credit agreement )NP )PP )NP )PP )NP (VP will (VP be (VP used (S (VP (VP to (VP pay (NP an (ADJP (QP $ 80 million )QP )ADJP cash dividend )NP (PP to (NP Macmillan )NP )PP )VP )VP and (VP to (VP lend (NP (NP the remainder )NP (PP of (NP (QP about $ *UNKN million )QP )NP )PP )NP (PP to (NP Maxwell Communications )NP )PP (PP in (NP (NP connection )NP (PP with (NP a *UNK note )NP )PP )NP )PP )VP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP (NP Proceeds )NP (PP from (NP the offering )NP )PP )NP (VP will (VP be (VP used (S (VP to (VP repay (NP borrowings )NP (PP under (NP (NP the short-term parts )NP (PP of (NP a credit agreement )NP )PP )NP )PP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP is (VP based (PP in (NP (NP *UNKC )NP , (NP N.J. )NP )NP )PP )VP )VP )S )SBAR , )NP (VP provides (NP (NP language *UNK )NP and (NP *UNK services )NP )NP (PP through (NP (NP (QP more than *UNKN )QP language centers )NP (PP in (NP 25 countries )NP )PP )NP )PP )VP . )S  STOP
(S (PP In (NP the past five years )NP )PP , (NP (NP (QP more than 68 )QP % )NP (PP of (NP its sales )NP )PP )NP (VP have (VP been (PP outside (NP the U.S. )NP )PP )VP )VP . )S  STOP
(S (NP Macmillan )NP (VP has (VP owned (NP *UNKC )NP (PP since (NP 1966 )NP )PP )VP )VP . )S  STOP
(S (PP In (NP (NP the first six months )NP (PP of (NP this year )NP )PP )NP )PP , (NP Berlitz )NP (VP posted (NP (NP net income )NP (PP of (NP (QP $ 7.6 million )QP )NP )PP (PP on (NP (NP sales )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )NP , (PP compared (PP with (NP (NP net income )NP (PP of (NP (QP $ 8.2 million )QP )NP )PP (PP on (NP (NP sales )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )NP )PP )PP )VP . )S  STOP
(S (ADVP Right away )ADVP (NP you )NP (VP notice (NP (NP the following things )NP (PP about (NP a Philip Glass *UNK )NP )PP )NP )VP . )S  STOP
(S (NP It )NP (VP attracts (NP (NP people )NP (PP (PP with (NP funny hair )NP )PP (PRN -LRB- or (PP with (NP no hair )NP )PP (PRN -- (S (PP in (NP (NP front )NP (PP of (NP me )NP )PP )NP )PP (NP (NP a girl )NP (PP with (NP *UNKED *UNK )NP )PP )NP (VP sat (PP *UNK (NP (NP a boy )NP (SBAR (WHNP who )WHNP (S (VP had (VP *UNKED (NP his )NP )VP )VP )S )SBAR )NP )PP )VP )S )PRN -RRB- )PRN )PP )NP )VP . )S  STOP
(S (SBAR (WHNP *UNKC )WHNP (S (VP constitute (NP the local *UNKC Bank )NP )VP )S )SBAR (VP come (PRT out )PRT (PP in (NP force )NP )PP , (S (VP *UNKED (PP in (ADJP black )ADJP )PP )VP )S , (PP along (PP with (NP (NP a *UNKING )NP (PP of (NP (NP *UNK )NP (SBAR (WHNP who )WHNP (S (VP want (S (VP to (VP be (PP on (NP the cutting edge )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP (NP People )NP (PP in (NP Glass houses )NP )PP )NP (VP tend (S (VP to (VP look (ADJP *UNKED )ADJP )VP )VP )S )VP . )S  STOP
(S (S And , (SBAR if (ADJP still *UNK (PP at (NP (NP the evening 's )NP end )NP )PP )ADJP )SBAR , (NP you )NP (VP notice (NP something else )NP )VP )S : (S (NP (NP The audience )NP , (ADJP (PP at (ADJP first )ADJP )PP *UNKED and *UNKED (PP by (NP the music )NP )PP )ADJP , )NP (VP releases (NP its *UNK- feelings )NP (PP in (NP collective *UNK )NP )PP )VP )S . )S  STOP
(S (PP (ADVP Currently )ADVP in (NP (NP the middle )NP (PP of (NP (NP a *UNK- , *UNK- tour )NP (PP as (NP a solo *UNK )NP )PP )NP )PP )NP )PP , (NP Mr. Glass )NP (VP has (VP left (ADVP behind )ADVP (NP his *UNK , equipment and *UNK )NP (PP in (NP (NP favor )NP (PP of (S (VP going (NP it )NP (ADVP alone )ADVP )VP )S )PP )NP )PP )VP )VP . )S  STOP
(S (NP He )NP (VP (VP *UNK (PRT down )PRT (PP at (NP the piano )NP )PP )VP and (VP plays )VP )VP . )S  STOP
(S And (VP plays )VP . )S  STOP
(S Either (S (NP one )NP (VP likes (NP it )NP )VP )S or (S (NP one )NP (VP does n't )VP )S . )S  STOP
(S (NP (NP The typical Glass audience )NP , (SBAR (WHNP which )WHNP (S (VP is (ADJP (ADJP more likely (S (VP to (VP be (VP composed (PP of (NP music students )NP )PP )VP )VP )VP )S )ADJP (PP than (NP their teachers )NP )PP )ADJP )VP )S )SBAR , )NP (ADVP certainly )ADVP (VP does )VP . )S  STOP
(S (NP The work )NP , (ADVP though )ADVP , (VP sounds (PP like (NP (NP *UNKC )NP (PP for (NP *UNK )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP Philip Glass )NP (VP is (NP (NP the *UNK )NP )NP )VP )S , and (S (NP his music )NP (NP (NP the new clothes )NP )NP )S , (PP of (NP the *UNK- )NP )PP . )S  STOP
(S (NP His success )NP (VP is (ADJP easy (SBAR (S (VP to (VP understand )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (S (VP (ADVP *UNKLY )ADVP introducing and explaining (NP his pieces )NP )VP )S , (NP Mr. Glass )NP (VP looks and sounds (PP (PP more like (NP (NP a *UNK *UNK )NP (VP describing (NP his work )NP )VP )NP )PP (PP than (NP (NP a *UNK *UNK )NP (VP playing (NP a *UNK )NP )VP )NP )PP )PP )VP . )S  STOP
(S (NP (NP The piano *UNK )NP , (SBAR (WHNP which )WHNP (S (VP have (VP been (VP labeled (ADVP *UNKLY )ADVP (PP as (ADJP *UNK , *UNKC , *UNK , cyclical , *UNK and *UNK )ADJP )PP )VP )VP )VP )S )SBAR , )NP (VP are (ADJP (ADJP (ADJP *UNKLY *UNK )ADJP (PRN -LRB- (ADVP therefore )ADVP (ADJP *UNKING )ADJP -RRB- )PRN )ADJP , (ADJP (ADJP *UNKLY *UNK )ADJP (PRN -LRB- (ADVP therefore )ADVP (ADJP *UNK )ADJP -RRB- )PRN )ADJP , and (ADJP (ADJP (ADJP *UNKLY *UNK )ADJP but (ADJP *UNK )ADJP )ADJP (PRN -LRB- (ADVP therefore )ADVP (ADJP both pretty and *UNK )ADJP -RRB- )PRN )ADJP )ADJP )VP . )S  STOP
(S (NP It )NP (VP is (NP (NP music )NP (PP for (NP (NP people )NP (SBAR (WHNP who )WHNP (S (VP (VP want (S (VP to (VP hear (NP (NP something )NP (ADJP different )ADJP )NP )VP )VP )S )VP but (VP do n't (VP want (S (VP to (VP work (ADVP especially hard (PP at (NP the task )NP )PP )ADVP )VP )VP )S )VP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP It )NP (VP is (NP (NP *UNKC listening )NP (PP for (NP the now generation )NP )PP )NP )VP . )S  STOP
(S (NP Mr. Glass )NP (VP has (VP *UNKED (NP (NP the famous *UNK *UNK )NP (S `` (NP less )NP (VP is (NP more )NP )VP )S )NP )VP )VP . '' )S  STOP
(S (NP His more )NP (VP is (ADVP always )ADVP (NP less )NP )VP . )S  STOP
(S (PP (ADVP Far )ADVP from (S (VP being (NP *UNK )NP )VP )S )PP , (NP the music )NP (VP (ADVP *UNKLY )ADVP *UNK (NP us )NP (PP with (NP (NP apparent *UNK )NP (VP (ADVP not so *UNKLY )ADVP *UNKED (PP in (NP (NP the *UNK )NP (PP of (NP (NP *UNKN time )NP , (NP *UNK *UNK )NP , and (NP *UNK )NP or (NP *UNK *UNK *UNK )NP )NP )PP )NP )PP )VP )NP )PP )VP . )S  STOP
(S (S But (NP the music )NP (VP has (NP its *UNK )NP )VP )S , and (S (NP Mr. Glass )NP (VP has (VP constructed (NP his solo program )NP (PP around (NP (NP a move )NP (PP from (NP the simple )NP )PP (PP to (NP the (ADJP relatively complex )ADJP )NP )PP )NP )PP )VP )VP )S . )S  STOP
(S (S (NP (NP `` *UNKING '' )NP (PRN -LRB- (NP 1981 )NP -RRB- )PRN , (PP from (NP *UNKC )NP )PP , )NP (VP *UNK (NP the audience )NP (PP to (NP the Glass technique )NP )PP )VP )S : (S (S (S (VP (ADVP Never )ADVP *UNKING (ADVP too far )ADVP (PP from (NP (NP the piano 's )NP center )NP )PP )VP )S , (NP Mr. Glass )NP (VP works (PP in (NP (NP the two *UNK )NP (PP on (NP (NP either side )NP (PP of (NP middle C )NP )PP )NP )PP )NP )PP )VP )S , and (S (NP his *UNK )NP (ADVP *UNK )ADVP (VP leave (NP the *UNK )NP )VP )S )S . )S  STOP
(S (NP There )NP (VP is (NP a *UNK musical style )NP (ADVP here )ADVP , (FRAG but (NP not a particular performance style )NP )FRAG )VP . )S  STOP
(S (S (NP The music )NP (VP is (ADJP not especially *UNK )ADJP )VP )S ; (S (ADVP indeed )ADVP , (NP (NP it )NP )NP (VP 's (ADJP hard )ADJP (S (VP to (VP imagine (NP (NP a bad performance )NP (PP of (NP it )NP )PP )NP )VP )VP )S )VP )S . )S  STOP
(S (NP (NP Nothing *UNK )NP , (NP no *UNK )NP , (NP no *UNK *UNKING problems )NP )NP (VP challenge (NP the *UNK )NP )VP . )S  STOP
(S (S (NP We )NP (VP hear (PRN , (S (NP we )NP (VP may (VP think )VP )VP )S , )PRN (NP inner voices )NP )VP )S , but (S (NP (NP they )NP (NP all )NP )NP (VP seem (S (VP to (VP be (VP saying (NP the same thing )NP )VP )VP )VP )S )VP )S . )S  STOP
(S (PP With (NP (NP `` *UNKC News , '' )NP (NP (NP music )NP (VP meant (S (VP to (VP *UNK (NP (NP *UNK )NP (PP of (NP (NP Allen *UNKC 's )NP (NX `` *UNKC *UNKC *UNKC )NX )NP )PP )NP )VP )VP )S )VP )NP )NP )PP , '' (NP Mr. Glass )NP (VP gets (VP going )VP )VP . )S  STOP
(S (NP His hands )NP (VP sit (ADVP *UNK apart )ADVP (PP on (NP the *UNK )NP )PP )VP . )S  STOP
(S (NP *UNKC *UNK )NP (VP make (S (NP you )NP (VP feel (SBAR as though (S (NP he )NP (VP may (VP break (PP into (NP a (PRN -LRB- (ADJP very slow )ADJP -RRB- )PRN *UNK *UNK )NP )PP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (S (NP The *UNK )NP (VP *UNK )VP )S , but (S (NP there )NP (VP is (ADJP little *UNK )ADJP (SBAR even though (S (NP his *UNK )NP (VP begin (S (VP to (VP *UNK (PP over (NP (NP more )NP (PP of (NP the *UNK )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP )S . )S  STOP
(S (S (NP *UNKC )NP (VP (ADVP *UNKLY )ADVP *UNK )VP )S : (S (S (ADVP First )ADVP (NP the music )NP (VP is (ADJP *UNK )ADJP )VP )S , (S (ADVP then )ADVP (NP it )NP (VP becomes (ADJP soft )ADJP )VP )S , (S (ADVP then )ADVP (PRN -LRB- (S (NP you )NP (VP realize )VP )S -RRB- )PRN (NP it )NP (VP becomes (ADJP *UNK )ADJP (ADVP again )ADVP )VP )S )S . )S  STOP
(S (S (NP (NP `` The *UNKC *UNKC *UNKC )NP , '' (NP (NP an *UNK )NP (PP from (NP `` (NP *UNKC )NP (PP on (NP the Beach )NP )PP )NP )PP )NP , '' )NP (VP is (PP like (NP a *UNK )NP )PP )VP )S but (S (NP it )NP (VP does n't (VP seem (S (VP to (VP move (PP much beyond (NP (NP its *UNK- ground )NP (PP in (NP `` Three *UNKC *UNKC )NP )PP )NP )PP )VP )VP )S )VP )VP )S . '' )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP Mr. Glass )NP (VP decides (S (VP to (VP get (ADJP really fancy )ADJP )VP )VP )S )VP )S )SBAR , (NP he )NP (VP (VP *UNK (NP his hands )NP )VP and (VP hits (NP a *UNK *UNK note )NP (PP with (NP his right hand )NP )PP )VP )VP . )S  STOP
(S (NP He )NP (VP does (NP this )NP (PP in (NP (NP (QP at least three )QP )NP (PP of (NP his solo pieces )NP )PP )NP )PP )VP . )S  STOP
(S (NP You )NP (VP might (VP call (S (NP it )NP (NP (NP a *UNK )NP or (NP a *UNK *UNK )NP )NP )S )VP )VP . )S  STOP
(S (PP In (NP (NP `` *UNKC *UNKC )NP , '' (SBAR (WHNP which )WHNP (S (VP came (PP from (NP a commission (S (VP to (VP write (NP (NP a piece )NP (PP of (NP *UNK length )NP )PP )NP )VP )VP )S )NP )PP )VP )S )SBAR )NP )PP (PRN -LRB- (S (NP Mr. Glass )NP (VP (ADVP *UNKLY , and *UNKLY , )ADVP *UNKED (SBAR that (S `` (NP this )NP (VP was (NP no problem )NP (PP for (NP me )NP )PP )VP '' )S )SBAR )VP )S -RRB- )PRN , (NP an A section )NP (VP *UNK (PP with (NP a B section )NP )PP (NP several times )NP (SBAR before (S (NP the piece )NP (VP ends (ADJP *UNKED )ADJP )VP )S )SBAR )VP . )S  STOP
(S (SINV (CONJP Not only )CONJP is (NP the typical *UNKC )NP (ADJP *UNKED )ADJP )SINV , (S (NP it )NP (VP is (ADVP also )ADVP (ADVP often )ADVP (ADJP multiple )ADJP (PP in (NP its context (PRN -LRB- *UNK -RRB- )PRN )NP )PP )VP )S . )S  STOP
(S (NP `` *UNKC *UNKC '' )NP (VP began (NP its life )NP (PP as (NP (NP the *UNK )NP (PP to (NP (NP (NP the *UNKC *UNKC 's )NP first public address )NP (PP in (NP the U.S. )NP )PP )NP )PP )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP Mr. Glass )NP (VP played (NP it )NP (PP on (NP the *UNK )NP )PP (PP at (NP (NP New York 's )NP (NP *UNKC )NP (PP of (NP St. John the *UNKC )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (S (ADVP Later )ADVP (NP it )NP (VP was (VP performed (PP on (NP Radio *UNKC )NP )PP (PP in (NP Germany )NP )PP )VP )VP )S , and (S (ADVP then )ADVP (NP *UNKC *UNKC )NP (VP took (NP it )NP (PP for (NP (NP one )NP (PP of (NP her dance pieces )NP )PP )NP )PP )VP )S . )S  STOP
(S (NP The point )NP (VP is (SBAR that (S (NP any piece )NP (VP can (VP be (VP used (PP as (NP background music )NP )PP (PP for (NP virtually anything )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The evening )NP (VP ended (PP with (NP (NP (NP Mr. Glass 's )NP `` (NX *UNKC )NX , '' )NP (NP another multiple work )NP )NP )PP )VP . )S  STOP
(S (S (NP *UNKC 1 , 2 , and 5 )NP (VP come (PP from (NP (NP the *UNK )NP (PP of (NP (NP (NP *UNKC Morris 's )NP *UNKED film )NP , (NP `` The *UNKC Blue Line )NP )NP )PP )NP )PP )VP )S , '' and (S (NP the two other parts )NP (PP from (NP (NP *UNK music )NP (PP to (NP (NP two separate *UNK )NP (PP of (NP (NP the *UNKC story )NP (PP of (NP the same name )NP )PP )NP )PP )NP )PP )NP )PP )S . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (VP used (PP as (NP background )NP )PP (PP in (NP this way )NP )PP )VP )S )SBAR , (NP the music )NP (VP has (NP an appropriate *UNK )NP , (SBAR as (WHADVP when )WHADVP (S (NP (NP a *UNK- phrase )NP , (NP a *UNKING minor third )NP , )NP (VP *UNK (NP (NP the (ADJP seemingly *UNK )ADJP *UNK )NP (PP of (NP (NP (NP reports )NP , (NP interviews )NP and (NP (NP *UNK )NP (PP of (NP witnesses )NP )PP )NP )NP (PP in (NP the Morris film )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (S (VP *UNKED (PRT up )PRT (PP as (NP a solo )NP )PP )VP )S , (ADVP however )ADVP , (NP the music )NP (VP lacks (NP (NP the *UNK )NP (VP provided (PP by (NP (NP a context )NP (PP within (NP another medium )NP )PP )NP )PP )VP )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP Mr. Glass )NP )PP )NP (VP may (VP agree (PP with (NP (NP the critic Richard *UNKC 's )NP sense (SBAR that (S (NP the 1974 `` (NX (NP *UNKC )NP (PP in (NP *UNKC *UNKC )NP )PP )NX '' )NP (VP is (ADJP (ADJP as *UNK and *UNK )ADJP (PP as (NP `` The *UNKED *UNKC )NP )PP )ADJP )VP )S )SBAR )NP )PP )VP )VP . '' )S  STOP
(S But (SBAR while (S (VP making (NP the obvious point (SBAR that (S (NP both *UNK )NP (VP develop (NP variations )NP (PP from (NP themes )NP )PP )VP )S )SBAR )NP )VP )S )SBAR , (NP this comparison )NP (VP *UNK (NP (NP the (ADJP *UNKLY *UNK )ADJP nature )NP (PP of (NP (NP Mr. Glass 's )NP music )NP )PP )NP )VP . )S  STOP
(S (NP Its (ADJP *UNKLY *UNK )ADJP *UNK )NP (VP *UNK (NP (NP a *UNK )NP (SBAR (WHNP that )WHNP (S (VP makes (S (NP one )NP (VP *UNK (PP for (NP (NP (NP the *UNK )NP (PP of (NP *UNK *UNKC )NP )PP )NP , (NP (NP the (ADJP *UNKLY radical )ADJP *UNK )NP (PP of (NP *UNKC and *UNKC )NP )PP )NP , and (SBAR (WHNP what )WHNP (S (PP in (NP *UNK )NP )PP (ADVP even )ADVP (VP seems (PP like (NP *UNK )NP )PP (PP in (NP *UNKC )NP )PP )VP )S )SBAR )NP )PP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP is (NP (NP (NP professor )NP (PP of (NP English )NP )PP (PP at (NP Southern *UNKC University )NP )PP )NP and (NP (NP editor )NP (PP of (NP the Southwest Review )NP )PP )NP )NP )VP . )S  STOP
(S (NP Honeywell Inc. )NP (VP said (SBAR (S (NP it )NP (VP hopes (S (VP to (VP complete (ADVP shortly )ADVP (NP (NP the (QP first of two )QP sales )NP (PP of (NP (NP shares )NP (PP in (NP (NP its Japanese joint venture )NP , (NP *UNKC )NP , )NP )PP )NP )PP (PP for (NP (QP about $ 280 million )QP )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP would n't (VP disclose (NP (NP the buyer )NP (PP of (NP the initial (ADJP 16 % )ADJP stake )NP )PP )NP )VP )VP . )S  STOP
(S (S (NP (NP Proceeds )NP (PP of (NP the sale )NP )PP , (VP expected (S (VP to (VP be (VP completed (NP next week )NP )VP )VP )VP )S )VP , )NP (VP would (VP be (VP used (S (VP to (VP repurchase (NP (NP (QP as many as 10 million )QP shares )NP (PP of (NP Honeywell stock )NP )PP )NP )VP )VP )S )VP )VP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (NP Honeywell )NP (VP (VP said (SBAR (S (NP it )NP (VP is (VP negotiating (NP (NP the sale )NP (PP of (NP (NP a second stake )NP (PP in (NP *UNKC )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP , but (VP indicated (SBAR (S (NP it )NP (VP intends (S (VP to (VP hold (NP (NP (QP at least 20 )QP % )NP (PP of (NP (NP the joint venture 's )NP stock )NP )PP )NP (NP long term )NP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP A (ADJP 20 % )ADJP stake )NP (VP would (VP allow (S (NP Honeywell )NP (VP to (VP include (NP *UNKC earnings )NP (PP in (NP its results )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP Honeywell )NP (ADVP previously )ADVP (VP said (SBAR (S (NP it )NP (VP intended (S (VP to (VP reduce (NP (NP its holding )NP (PP in (NP the Japanese concern )NP )PP )NP (PP as (NP (NP part )NP (PP of (NP (NP a restructuring plan )NP (SBAR (WHNP which )WHNP (S (ADVP also )ADVP (VP calls (PP for (NP (NP a reduction )NP (PP of (NP (NP *UNK )NP (PP on (NP weapons sales )NP )PP )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP Yesterday )NP (NP a spokeswoman )NP (VP said (SBAR (S (NP the company )NP (VP (VP was `` (ADJP pleased (PP with (NP our progress )NP )PP )ADJP '' (PP in (NP that regard )NP )PP )VP and (VP `` hopes (S (VP to (VP provide (NP additional details )NP (ADVP soon )ADVP )VP )VP )S )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Honeywell )NP (VP said (SBAR (S (NP its Defense and Marine Systems group )NP (VP incurred (NP (NP delays )NP (PP in (S (VP shipping (NP some undisclosed contracts )NP (PP during (NP the third quarter )NP )PP )VP )S )PP , (VP resulting (PP in (NP (NP lower operating profit )NP (PP for (NP that business )NP )PP )NP )PP )VP )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Overall )ADVP , (NP Honeywell )NP (VP reported (NP (NP earnings )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP for (NP (NP the three months )NP (VP ended (NP Oct. 1 )NP )VP )NP )PP )NP (PP compared (PP with (NP (NP a loss )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP 98 cents )NP (NP a share )NP )NP , )NP )PP (ADVP (NP a year )NP earlier )ADVP )NP )PP )PP )VP . )S  STOP
(S (NP (NP The previous period 's )NP results )NP (VP included (NP (NP (ADJP a (QP $ 108 million )QP )ADJP pretax charge )NP (VP related (PP to (NP (NP *UNK contract costs )NP and (NP (NP (ADJP a (QP $ *UNKN million )QP )ADJP pretax gain )NP (PP on (NP real estate sales )NP )PP )NP )NP )PP )VP )NP )VP . )S  STOP
(S (NP (NP Sales )NP (PP for (NP the latest quarter )NP )PP )NP (VP were (ADJP flat )ADJP , (PP at (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP Honeywell )NP (VP reported (NP (NP earnings )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP )NP (PP compared (PP with (NP (NP earnings )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (ADVP (NP a year )NP earlier )ADVP )NP )PP )PP )VP . )S  STOP
(S (NP Sales )NP (VP declined (ADVP slightly )ADVP (PP to (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (ADVP Once again )ADVP , (NP your editorial page )NP (VP *UNK (NP (NP the law )NP (SBAR (S (VP to (VP conform (PP to (NP your (ADJP almost *UNK )ADJP *UNK )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (NP (NP an *UNK )NP (PP of (NP (NP little *UNK )NP (PP to (NP (NP his central point )NP (PP about (NP (NP private enforcement suits )NP (PP by (NP environmental groups )NP )PP )NP )PP )NP )PP )NP )PP )NP )PP , (NP Michael S. *UNKC )NP (VP *UNK (NP your readers )NP , `` (S ... (S (NP the Clean Water Act )NP (VP is (VP written (PP upon (NP the *UNK (PRN -- (NP the *UNK )NP , (ADVP rather )ADVP -- )PRN (SBAR that (S (NP (NP nothing )NP but (NP zero risk )NP )NP (VP will (VP do )VP )VP )S )SBAR )NP )PP )VP )VP )S ; (S (NP it )NP (VP *UNK (NP (NP a legal standard )NP (PP of (NP zero *UNK )NP )PP )NP )VP )S )S '' (PRN -LRB- (NP (NP `` *UNKC Environmental *UNKC , '' )NP (NP Sept. 18 )NP )NP -RRB- )PRN )VP . )S  STOP
(S (S (NP This statement )NP (ADVP surely )ADVP (VP *UNK (NP your editorial *UNK (SBAR that (S (NP environmental protection )NP (VP is (ADJP generally silly or excessive )ADJP )VP )S )SBAR )NP )VP )S , but (S (NP it )NP (VP is (ADJP simply wrong )ADJP )VP )S . )S  STOP
(S (NP The Clean Water Act )NP (VP contains (NP (NP no `` legal standard '' )NP (PP of (NP zero *UNK )NP )PP )NP )VP . )S  STOP
(S (NP It )NP (VP requires (SBAR that (S (NP `` (NP *UNK )NP (PP of (NP *UNK )NP )PP '' (PP into (NP (NP the `` waters )NP (PP of (NP the United States )NP )PP '' )NP )PP )NP (VP be (VP authorized (PP by (NP (NP permits )NP (SBAR (WHNP that )WHNP (S (VP reflect (NP (NP the *UNK limitations )NP (VP developed (PP under (NP section *UNKN )NP )PP )VP )NP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR (WHNP Whatever )WHNP (S (VP may (VP be (NP (NP the problems )NP (PP with (NP this system )NP )PP )NP )VP )VP )S )SBAR , (NP it )NP (VP (ADVP *UNKLY )ADVP reflects (NP (NP `` zero risk '' )NP or (NP `` zero *UNK )NP )NP )VP . '' )S  STOP
(S (ADVP Perhaps )ADVP (NP Mr. *UNKC )NP (VP was (VP *UNKED (PP by (NP (NP (NP Congress 's )NP *UNK statement )NP (PP of (NP `` the national goal '' )NP )PP (PP in (NP (NP section 101 )NP , (SBAR (WHNP which )WHNP (ADVP indeed )ADVP (S (VP calls (PP for (NP (NP the elimination )NP (PP of (NP *UNK )NP )PP )NP )PP (PRN -- (PP by (NP 1985 )NP )PP , (NP no less )NP )PRN )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP This *UNK statement )NP (VP (VP was not (VP taken (ADVP seriously )ADVP (SBAR (WHADVP when )WHADVP (S (VP enacted (PP in (NP 1972 )NP )PP )VP )S )SBAR )VP )VP , and (VP should not (ADVP now )ADVP (VP be (VP confused (PP with (NP (NP the *UNK provisions )NP (PP of (NP the statute )NP )PP )NP )PP )VP )VP )VP )VP . )S  STOP
(S (S (ADVP Thus )ADVP , (NP you )NP (VP do (NP the public )NP (NP a great *UNK )NP (SBAR (WHADVP when )WHADVP (S (NP Mr. *UNKC )NP (VP suggests , (ADVP even *UNKLY )ADVP , (SBAR that (S (NP the Clean Water Act )NP (VP *UNK (NP (NP the *UNK )NP (PP of (NP a *UNK and water )NP )PP )NP )VP )S )SBAR )VP )S )SBAR )VP )S ; (S (NP your *UNKING readers )NP (VP may (VP be (VP led (S (VP to (VP believe (SBAR that (S (NP (NP nothing )NP but (NP chance or oversight )NP )NP (VP protects (NP them )NP , (SBAR as (S (NP they )NP (VP *UNK (PP in (NP the night )NP )PP (PP with (NP their *UNK and waters )NP )PP )VP )S )SBAR , (PP from (NP (NP the *UNKED *UNK )NP (PP of (NP the Sierra Club )NP )PP (PP at (NP their doors )NP )PP )NP )PP )VP )S )SBAR )VP )VP )S )VP )VP )VP )S . )S  STOP
(NP Robert J. *UNKC )NP  STOP
(S (NP (NP National *UNKC )NP , (NP the *UNK- U.S. magazine )NP , )NP (VP (VP is (VP attracting (NP (NP more readers )NP (PP than (ADVP ever )ADVP )PP )NP )VP )VP and (VP offers (NP (NP the *UNK , *UNKED pages )NP (SBAR (WHNP that )WHNP (S (NP upscale advertisers )NP (VP love )VP )S )SBAR )NP )VP )VP . )S  STOP
(SBARQ So (WHADVP why )WHADVP (SQ (SQ did (NP advertising pages )NP (VP plunge (PP by (NP (QP almost 10 )QP % )NP )PP )VP )SQ and (SQ (NP ad revenue )NP (PP by (NP 7.2 % )NP )PP )SQ (PP in (NP the first half )NP )PP )SQ ? )SBARQ  STOP
(S (S (VP To (VP hear (S (NP advertisers )NP (VP tell (NP it )NP )VP )S )VP )VP )S , (NP the magazine )NP (ADVP just )ADVP (VP has n't (VP kept (PRT up )PRT (PP with (NP the times )NP )PP )VP )VP . )S  STOP
(S (PP Despite (NP (NP renewed interest )NP (PP by (NP the public )NP )PP (PP in (NP (NP such *UNK )NP (PP as (NP (NP the environment )NP and (NP the Third World )NP )NP )PP )NP )PP )NP )PP , (NP it )NP (VP has n't (VP been (ADJP able (S (VP to (VP shake (NP its reputation )NP (PP as (NP (NP a magazine )NP (SBAR (S (NP boys )NP (VP like (S (VP to (VP *UNK (PP through )PP (PP in (NP (NP search )NP (PP of (NP *UNK *UNK women )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP )S )ADJP )VP )VP . )S  STOP
(S (ADVP Worse )ADVP , (NP it )NP (VP lagged (PP behind (NP competitors )NP )PP (PP in (S (VP offering (NP (NP *UNK- *UNK )NP , (PP (PP from (NP regional editions )NP )PP (PP to (NP (NP discounts )NP (PP for (NP frequent advertisers )NP )PP )NP )PP )PP )NP )VP )S )PP )VP . )S  STOP
(S But (ADVP now )ADVP , (NP the magazine )NP (VP is (VP attempting (S (VP to (VP fight (PRT back )PRT , (PP with (NP (NP an ambitious plan )NP (PP including (NP (NP a revamped sales strategy )NP and (NP a (ADJP surprisingly aggressive )ADJP ad campaign )NP )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(SINV (S (NP Advertisers )NP (VP do n't (VP think (PP of (NP the magazine )NP )PP (ADVP first )ADVP )VP )VP )S , (VP says )VP (NP (NP Joan *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP joined (PP in (NP April )NP )PP (PP as (NP national advertising director )NP )PP )VP )S )SBAR )NP . )SINV  STOP
(S `` (SBAR (WHNP What )WHNP (S (NP we )NP (VP want (S (VP to (VP do )VP )VP )S )VP )S )SBAR (VP is (S (VP take (NP a (ADJP more aggressive )ADJP stance )NP )VP )S )VP . )S  STOP
(S (NP People )NP (VP did n't (VP believe (SBAR (S (S (NP we )NP (VP were (PP in (NP (NP *UNK )NP (PP with (NP the marketplace )NP )PP )NP )PP )VP )S , and (S (PP in (NP many ways )NP )PP (NP we )NP (VP were n't )VP )S )S )SBAR )VP )VP . '' )S  STOP
(S (NP The *UNK- magazine )NP (VP has (ADVP never )ADVP (VP had (S (VP to (VP woo (NP advertisers )NP (PP with (NP quite so much *UNK )NP )PP (ADVP before )ADVP )VP )VP )S )VP )VP . )S  STOP
(S (NP It )NP (VP (ADVP largely )ADVP *UNKED (PP on (NP (NP its *UNK- *UNK )NP : (NP (NP (NP (QP *UNKN million )QP subscribers )NP (PP in (NP the first half )NP )PP , (ADVP up (PP from (NP (QP 10.5 million )QP )NP (ADVP (NP a year )NP ago )ADVP )PP )ADVP )NP ; (NP (NP an average age )NP (PP of (NP 42 )NP )PP (PP for (NP readers )NP )PP -- (PP at (NP (NP the *UNK )NP (PP of (NP their *UNKING years )NP )PP )NP )PP )NP ; (NP (NP loyalty )NP (PP to (NP (NP the tune )NP (PP of (NP an (ADJP 85 % )ADJP average *UNK *UNK rate )NP )PP )NP )PP )NP )NP )NP )PP )VP . )S  STOP
(S (NP The magazine )NP (VP had (NP (NP its best year )NP (ADVP yet )ADVP )NP (PP in (NP (NP 1988 )NP , (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP (VP *UNKED (NP its centennial )NP )VP and (VP *UNKED (PRT up )PRT (NP (NP a (ADJP 17 % )ADJP gain )NP (PP in (NP ad pages )NP )PP , (PP to (NP *UNKN )NP )PP )NP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(SINV But (NP this year )NP , (SBAR (WHADVP when )WHADVP (S (NP (NP the *UNK )NP (VP surrounding (NP its centennial )NP )VP )NP (VP died )VP )S )SBAR , (ADVP so too )ADVP (VP did )VP (NP some *UNK interest )NP . )SINV  STOP
(S (NP The reason )NP (PRN , (S (NP ad executives )NP (VP say )VP )S , )PRN (VP is (SBAR that (S (S (NP the entire magazine business )NP (VP has (VP been (ADJP soft )ADJP )VP )VP )S -- and (S (NP National *UNKC )NP (VP has (NP (NP some *UNK )NP (SBAR (WHNP that )WHNP (S (VP make (S (NP it )NP (ADJP especially *UNK )ADJP )S (PP during (NP a soft market )NP )PP )VP )S )SBAR )NP )VP )S )S )SBAR )VP . )S  STOP
(S (ADVP Perhaps )ADVP (NP (NP the biggest )NP (PP of (NP those factors )NP )PP )NP (VP is (NP (NP its high ad prices )NP (NP -- (NP (NP $ *UNKN )NP (PP for (NP a *UNK- page )NP )PP )NP , vs. (NP (NP $ *UNKN )NP (PP for (NP (NP the *UNKC )NP , (NP (NP a comparable publication )NP (PP with (NP a (ADJP far smaller )ADJP circulation )NP )PP )NP )NP )PP )NP )NP )NP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP ad dollars )NP (VP are (ADJP tight )ADJP )VP )S )SBAR , (NP the high page cost )NP (VP is (NP (NP a major *UNK )NP (PP for (NP (NP advertisers )NP , (SBAR (WHNP who )WHNP (S (ADVP generally )ADVP (VP want (S (VP to (VP appear (ADVP (ADVP regularly (PP in (NP a publication )NP )PP )ADVP or (ADVP not at all )ADVP )ADVP )VP )VP )S )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(SINV (S (SBAR Even though (S (NP National *UNKC )NP (VP offers (NP (NP (ADJP far more )ADJP readers )NP (SBAR than (SINV does (NP (NP a magazine )NP (PP like (NP *UNKC )NP )PP )NP )SINV )SBAR )NP )VP )S )SBAR , `` (NP the page )NP (VP costs (NP you )NP (NP (NP an arm )NP and (NP a leg )NP )NP (S (VP to (VP develop (NP any *UNK )NP )VP )VP )S )VP )S , '' (VP says )VP (NP (NP Harry Glass )NP , (NP (NP New York media manager )NP (PP for (NP *UNKC Inc )NP )PP )NP )NP . )SINV  STOP
(S (S (S (VP To (VP combat (NP that problem )NP )VP )VP )S , (NP National *UNKC )NP , (PP like (NP other magazines )NP )PP , (VP began (S (VP offering (NP (NP regional editions )NP (VP allowing (S (NP advertisers )NP (VP to (VP appear (PP in (NP (NP only a portion )NP (PP of (NP its magazines )NP )PP )NP )PP )VP )VP )S )VP )NP )VP )S )VP )S -- (S (PP for (NP example )NP )PP , (NP ads )NP (VP can (VP run (PP only in (NP (NP the magazines )NP (VP sent (PP to (NP (NP subscribers )NP (PP in (NP the largest 25 markets )NP )PP )NP )PP )VP )NP )PP )VP )VP )S . )S  STOP
(S But (NP the magazine )NP (VP (VP was (ADJP (ADJP slower )ADJP (PP than (NP its competitors )NP )PP (S (VP to (VP come (PRT up )PRT (PP with (NP its regional editions )NP )PP )VP )VP )S )ADJP )VP , and (VP (PP until (NP last year )NP )PP offered (NP (NP fewer )NP (PP of (NP them )NP )PP (SBAR than (SINV did (NP competitors )NP )SINV )SBAR )NP )VP )VP . )S  STOP
(S (NP Time magazine )NP , (PP for (NP example )NP )PP , (VP has (NP (NP (QP more than 100 )QP separate editions )NP (VP going (PP to (NP (NP different regions )NP , (NP top management )NP , and (NP other groups )NP )NP )PP )VP )NP )VP . )S  STOP
(S (NP (NP Another sticking point )NP (PP for (NP advertisers )NP )PP )NP (VP was (NP (NP (NP National *UNKC 's )NP tradition )NP (PP of (S (VP (VP *UNKING (NP its ads )NP (ADVP together )ADVP , (PP usually at (NP (NP the beginning or end )NP (PP of (NP the magazine )NP )PP )NP )PP )VP , (CONJP rather than )CONJP (VP spreading (NP ads )NP (PRT out )PRT (PP among (NP its articles )NP )PP , (SBAR as (S (NP most magazines )NP (VP do )VP )S )SBAR )VP )VP )S )PP )NP )VP . )S  STOP
(S And (NP (NP National Geographic 's )NP *UNK- size )NP (VP means (NP (NP extra production costs )NP (PP for (NP advertisers )NP )PP )NP )VP . )S  STOP
(S But (NP Ms. *UNKC )NP (VP says (SBAR (S (NP the magazine )NP (VP is (VP fighting (PRT back )PRT )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP It )NP (ADVP now )ADVP (VP offers (NP 30 regional editions )NP )VP )S , (S (NP it )NP (ADVP very recently )ADVP (VP began (S (VP running (NP ads )NP (ADVP adjacent (PP to (NP articles )NP )PP )ADVP )VP )S )VP )S , and (S (NP it )NP (VP has (VP been (VP *UNKING (PRT up )PRT (NP its sales force )NP )VP )VP )VP )S . )S  STOP
(S And (NP it )NP (ADVP just )ADVP (VP launched (NP (NP a promotional campaign )NP (SBAR (S (VP to (VP tell (NP (NP chief executives )NP , (NP marketing directors )NP , and (NP media executives )NP )NP (NP just that )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP The *UNK )NP (PP of (NP the promotion )NP )PP )NP (VP is (NP (NP its new ad campaign )NP , (SBAR (WHPP into (WHNP which )WHNP )WHPP (S (NP the magazine )NP (VP will (VP *UNK (NP (QP about $ 500,000 )QP )NP , (PP mostly in (NP the next few weeks )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP The campaign )NP , (VP created (PP by (NP (NP *UNKC Group 's )NP *UNKC Needham agency )NP )PP )VP , )NP (VP takes (NP advantage )NP (PP of (NP (NP the *UNKING *UNK )NP (SBAR (WHNP that )WHNP (S (NP National Geographic )NP (VP is (VP known (PP for )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP In (NP one ad )NP )PP , (NP (NP a photo )NP (PP of (NP (NP the *UNK )NP (PP of (NP (NP the *UNKC )NP (PP in (NP Paris )NP )PP )NP )PP )NP )PP )NP (VP is (VP *UNKED (PP with (NP (NP the headline )NP , (S `` (NP (NP The only book )NP (ADJP (ADJP more respected )ADJP (PP than (NP *UNK )NP )PP )ADJP )NP (VP does n't (VP accept (NP advertising )NP )VP )VP )S )NP )PP )VP )VP . '' )S  STOP
(S (NP Another ad )NP (VP pictures (NP (NP a tree *UNK )NP , (VP *UNKED (NP 80 times )NP )VP , )NP (PP with (NP (NP the headline )NP , (S `` (PP For (NP (NP impact )NP (PP far beyond (NP your size )NP )PP )NP )PP (VP consider (NP our regional editions )NP )VP )S )NP )PP )VP . '' )S  STOP
(S (NP Ms. *UNKC )NP (VP says (SBAR (S (NP she )NP (VP wants (S (NP the campaign )NP (VP to (VP help (S (VP attract (NP (NP advertisers )NP (PP in (NP (NP 10 categories )NP , (PP including (NP (NP corporate , financial services )NP , (NP consumer electronics )NP , (NP insurance )NP and (NP food )NP )NP )PP )NP )PP )NP )VP )S )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(NP (NP Her goal )NP : (S (VP to (VP top (NP 300 ad pages )NP (PP in (NP 1990 )NP )PP , (ADVP up (PP from (NP (QP about *UNKN )QP )NP (NP this year )NP )PP )ADVP )VP )VP )S . )NP  STOP
(S (SBAR Whether (S (NP she )NP (VP can (VP meet (NP that ambitious goal )NP )VP )VP )S )SBAR (VP is (ADVP still )ADVP (PP far from (ADJP certain )ADJP )PP )VP . )S  STOP
(S `` (S (NP The ad campaign )NP (VP is (VP meant (S (VP to (VP *UNK (NP (NP the thought )NP (PP of (NP National Geographic )NP )PP )NP )VP )VP )S )VP )VP )S , '' (NP she )NP (VP says )VP . )S  STOP
(S `` (NP We )NP (VP want (S (NP it )NP (VP to (VP be (NP (NP a *UNK kind )NP (PP of (NP image )NP )PP )NP )VP )VP )S )VP . '' )S  STOP
(S (NP WCRS )NP (VP *UNKC (NP *UNKC *UNKC )NP )VP )S  STOP
(S (S (NP WCRS Group )NP (VP hopes (S (VP to (VP announce , (NP perhaps today )NP , (NP an agreement (S (VP to (VP sell (NP (NP the majority )NP (PP of (NP its ad unit )NP )PP )NP (PP to (NP *UNKED Eurocom )NP )PP )VP )VP )S )NP )VP )VP )S )VP )S , (NP a European ad executive )NP (VP said )VP . )S  STOP
(S (NP WCRS )NP (VP has (VP been (PP in (NP (NP discussions )NP (PP with (NP Eurocom )NP )PP )NP )PP (PP for (NP several months )NP )PP )VP )VP . )S  STOP
(S (ADVP However )ADVP , (SBAR (WHADVP when )WHADVP (S (NP negotiations )NP (VP *UNKED (PRT down )PRT (ADVP recently )ADVP )VP )S )SBAR , (NP (NP (NP WCRS 's )NP chief executive )NP , (NP Peter Scott )NP , )NP (VP met (PP in (NP Paris )NP )PP (PP with (NP (NP another French firm )NP , (NP (NP *UNKC *UNKC *UNKC *UNKC )NP , or (NP *UNKC )NP )NP )NP )PP )VP . )S  STOP
(S (PP According (PP to (NP the executive )NP )PP )PP , (S (NP (NP *UNKC 's )NP involvement )NP (VP prompted (NP (NP renewed *UNK )NP (PP in (NP the *UNKC talks )NP )PP )NP )VP )S and (S (NP the two agencies )NP (VP were (VP hoping (S (VP to (VP *UNK (PRT out )PRT (NP details )NP (PP by (NP today )NP )PP )VP )VP )S )VP )VP )S . )S  STOP
(S (NP (NP Executives )NP (PP of (NP the two agencies )NP )PP )NP (VP could n't (VP be (VP reached (NP last night )NP )VP )VP )VP . )S  STOP
(NP Ad Notes ... . )NP  STOP
(FRAG (NP NEW *UNKC )NP : (S (NP (NP Procter & Gamble Co. )NP , (NP Cincinnati )NP , )NP (VP awarded (NP (NP the ad accounts )NP (PP for (NP (NP its line )NP (PP of (NP Professional *UNKC *UNK *UNKING and oil products )NP )PP )NP )PP )NP (PP to (NP (NP *UNKC , *UNKC , *UNKC )NP , (NP Cincinnati )NP )NP )PP )VP )S . )FRAG  STOP
(S (NP *UNKC )NP (VP were n't (VP disclosed )VP )VP . )S  STOP
(S (NP Professional *UNKC products )NP (VP are (VP (ADVP specially )ADVP made (PP for (NP the *UNK industry )NP )PP )VP )VP . )S  STOP
(S (SBAR (WHNP WHO )WHNP (S (VP 'S (NP *UNKC )NP )VP )S )SBAR : (S (NP (NP Stephen *UNKC )NP , (NP 49 )NP , )NP (VP was (VP named (S (NP (NP executive vice president )NP , (NP deputy creative director )NP (PP at (NP (NP *UNKC Advertising )NP , (NP New York )NP )NP )PP )NP )S )VP )VP )S . )S  STOP
(S (NP He )NP (VP was (NP (NP executive vice president )NP , (NP (NP director )NP (PP of (NP broadcast production )NP )PP )NP )NP )VP . )S  STOP
(S (NP The Commodity Futures Trading Commission )NP (VP plans (S (VP to (VP (VP restrict (NP (NP dual trading )NP (PP on (NP commodity exchanges )NP )PP )NP )VP , (NP (NP a move )NP (ADJP almost certain (S (VP to (VP *UNK (NP (NP exchange officials )NP and (NP traders )NP )NP )VP )VP )S )ADJP )NP )VP )VP )S )VP . )S  STOP
(S (NP The CFTC )NP (VP said (SBAR (S (NP it )NP (VP will (VP propose (NP the restrictions )NP (PP after (NP (NP the release )NP (PP of (NP (NP a study )NP (SBAR (WHNP that )WHNP (S (VP (VP shows (NP (NP little economic benefit )NP (VP resulting (PP from (NP dual trading )NP )PP )VP )NP )VP and (VP cites (NP (NP `` problems '' )NP (VP associated (PP with (NP the practice )NP )PP )VP )NP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC trading )NP (VP gives (NP an exchange trader )NP (NP (NP the right )NP (SBAR (S (VP to (VP trade (PP both (PP for (NP his own account )NP )PP and (PP for (NP customers )NP )PP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The issue )NP (VP exploded (NP this year )NP (SBAR after (S (NP a (NAC Federal Bureau (PP of (NP Investigation )NP )PP )NAC operation )NP (VP led (PP to (NP (NP charges )NP (PP of (NP widespread trading abuses )NP )PP (PP at (NP (NP (NP the Chicago Board )NP (PP of (NP Trade )NP )PP )NP and (NP Chicago Mercantile Exchange )NP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (SBAR While (S (VP not (ADVP specifically )ADVP mentioned (PP in (NP the FBI charges )NP )PP )VP )S )SBAR , (NP dual trading )NP (VP became (NP (NP a focus )NP (PP of (NP attempts (S (VP to (VP tighten (NP industry regulations )NP )VP )VP )S )NP )PP )NP )VP . )S  STOP
(S (NP Critics )NP (VP contend (SBAR that (S (NP traders )NP (VP were (VP putting (NP (NP buying or selling )NP (PP for (NP their own accounts )NP )PP )NP (ADVP ahead (PP of (NP (NP other traders ' )NP customer orders )NP )PP )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Traders )NP (VP are (ADJP likely (S (VP to (VP oppose (NP such restrictions )NP (SBAR because (S (NP dual trading )NP (VP provides (NP (NP a way )NP (SBAR (S (VP to (VP make (NP money )NP (PP in (NP (NP slower markets )NP (SBAR (WHADVP where )WHADVP (S (NP there )NP (VP is (NP (NP a shortage )NP (PP of (NP customer orders )NP )PP )NP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP )S )ADJP )VP . )S  STOP
(S (NP The exchanges )NP (VP contend (SBAR that (S (NP dual trading )NP (VP improves (NP (NP liquidity )NP (PP in (NP the markets )NP )PP )NP (SBAR because (S (NP traders )NP (VP can (VP buy or sell (SBAR even (WHADVP when )WHADVP (S (NP they )NP (VP do n't (VP have (NP (NP a customer order )NP (PP in (NP hand )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP The exchanges )NP (VP say (SBAR (S (NP liquidity )NP (VP becomes (NP (NP a severe problem )NP (PP for (NP (NP *UNKLY traded contracts )NP (PP such as (NP (NP those )NP (PP with (NP (NP a long time )NP (VP remaining (PP before (NP expiration )NP )PP )VP )NP )PP )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The CFTC )NP (VP may (VP take (NP those arguments )NP (PP into (NP account )NP )PP (PP by (S (VP allowing (NP (NP exceptions )NP (PP to (NP its restrictions )NP )PP )NP )VP )S )PP )VP )VP . )S  STOP
(S (S (NP The agency )NP (VP did n't (VP cite (NP (NP specific situations )NP (SBAR (WHADVP where )WHADVP (S (NP dual trading )NP (VP might (VP be (VP allowed )VP )VP )VP )S )SBAR )NP )VP )VP )S , but (S (NP (NP (NP smaller exchanges or contracts )NP (SBAR (WHNP that )WHNP (S (VP need (NP additional liquidity )NP )VP )S )SBAR )NP )NP (VP are (VP expected (S (VP to (VP be (PP among (NP them )NP )PP )VP )VP )S )VP )VP )S . )S  STOP
(S (NP (NP Wendy *UNKC )NP , (NP (NP the agency 's )NP chairman )NP , )NP (VP told (NP the Senate Agriculture Committee )NP (SBAR that (S (NP she )NP (VP expects (S (S (NP the study )NP (VP to (VP be (VP released (PP within (NP two weeks )NP )PP )VP )VP )VP )S and (S (NP the rule changes )NP (VP to (VP be (VP completed (PP by (NP *UNKING )NP )PP )VP )VP )VP )S )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP The study )NP , (PP by (NP (NP (NP the CFTC 's )NP division )NP (PP of (NP economic analysis )NP )PP )NP )PP , )NP (VP shows (SBAR that (S `` (NP a trade )NP (VP is (NP a trade )NP )VP )S )SBAR )VP )S , '' (NP (NP a member )NP (PP of (NP the study team )NP )PP )NP (VP said )VP . )S  STOP
(S (SBAR Whether (S (NP a trade )NP (VP is (VP done (PP on (NP a dual or *UNK- basis )NP )PP )VP )VP )S )SBAR (PRN , (S (NP the member )NP (VP said )VP )S , )PRN `` (VP does n't (VP seem (S (VP to (VP have (NP much economic impact )NP )VP )VP )S )VP )VP . '' )S  STOP
(S (ADVP Currently )ADVP , (NP (NP most traders )NP (PP on (NP commodity exchanges )NP )PP )NP (VP *UNK (PP in (NP (NP trading )NP (PP either (PP for (NP customer accounts )NP )PP (PRN , (SBAR (WHNP which )WHNP (S (VP makes (S (NP them )NP (NP brokers )NP )S )VP )S )SBAR , )PRN or (PP for (NP their own accounts )NP )PP (PRN (PP as (NP *UNKED *UNK )NP )PP )PRN )PP )NP )PP )VP . )S  STOP
(S `` (S (NP The tests )NP (VP indicate (SBAR that (S (NP dual and *UNK- traders )NP (VP are (ADJP similar )ADJP (PP in (NP (NP terms )NP (PP of (NP (NP (NP the trade executions )NP and (NP liquidity )NP )NP (SBAR (S (NP they )NP (VP provide (PP to (NP the market )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP )S )SBAR )VP )S , '' (NP Mrs. *UNKC )NP (VP told (NP the Senate panel )NP )VP . )S  STOP
(S (NP (NP Members )NP (PP of (NP Congress )NP )PP )NP (VP have (VP proposed (S (VP *UNKING (NP dual trading )NP )VP )S (PP in (NP (NP bills )NP (SBAR (S (VP to (VP *UNK (NP CFTC operations )NP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP The House 's )NP bill )NP (VP would (VP prohibit (NP dual trading )NP (PP in (NP (NP (NP markets )NP (PP with (NP (NP daily average volume )NP (PP of (NP *UNKN contracts (QP or more )QP )NP )PP )NP )PP )NP , (VP *UNKING (NP (NP those )NP (VP considered (S (ADJP too difficult (SBAR (S (VP to (VP track (PP without (NP a sophisticated computer system )NP )PP )VP )VP )S )SBAR )ADJP )S )VP )NP )VP )NP )PP )VP )VP . )S  STOP
(S (NP The Senate bill )NP (VP would (VP force (S (NP the CFTC )NP (VP to (VP suspend (NP dual trading )NP (SBAR if (S (NP an exchange )NP (VP ca n't (VP show (SBAR that (S (NP its oversight system )NP (VP can (VP detect (NP *UNKING abuses )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (ADVP So far )ADVP , (NP (NP one test )NP (PP of (S (VP *UNKING (NP dual trading )NP )VP )S )PP )NP (VP has (VP worked (ADVP well )ADVP )VP )VP . )S  STOP
(S (NP The Chicago Merc )NP (VP banned (NP dual trading )NP (PP in (NP (NP its Standard & Poor 's )NP 500-stock index futures pit )NP )PP (PP in (NP 1987 )NP )PP )VP . )S  STOP
(S (PP Under (NP the rules )NP )PP , (NP traders )NP (VP decide (SBAR before (S (NP a session )NP (VP begins )VP )S )SBAR (SBAR whether (S (NP they )NP (VP will (VP trade (PP (PP for (NP their own account )NP )PP or (PP for (NP customers )NP )PP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Traders )NP (SBAR (WHNP who )WHNP (S (VP stand (PP on (NP (NP (NP the pit 's )NP top step )NP , (SBAR (WHADVP where )WHADVP (S (NP most customer orders )NP (VP are (VP executed )VP )VP )S )SBAR , )NP )PP )VP )S )SBAR )NP (VP ca n't (VP trade (PP for (NP themselves )NP )PP )VP )VP . )S  STOP
(S (NP A Merc spokesman )NP (VP said (SBAR (S (NP the plan )NP (VP has n't (VP made (NP (NP much difference )NP (PP in (NP liquidity )NP )PP )NP (PP in (NP the pit )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (S (NP It )NP (VP 's (ADVP too soon (S (VP to (VP tell )VP )VP )S )ADVP )VP )S ... but (S (NP people )NP (VP do n't (VP seem (S (VP to (VP be (ADJP unhappy (PP with (NP it )NP )PP )ADJP )VP )VP )S )VP )VP )S )S , '' (NP he )NP (VP said )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP he )NP (VP would n't (VP comment (PP on (NP the CFTC plan )NP )PP (SBAR until (S (NP the exchange )NP (VP has (VP seen (NP the full proposal )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S But (PP at (NP (NP a meeting )NP (NP last week )NP )NP )PP , (NP (NP Tom *UNKC )NP , (NP (NP (NP the Board )NP (PP of (NP Trade )NP )PP 's )NP president )NP , )NP (VP told (NP commodity lawyers )NP : (S `` (NP *UNKC trading )NP (VP is (ADVP definitely )ADVP (PP worth (S (VP saving )VP )S )PP )VP )S )VP . )S  STOP
(S (NP It )NP (VP adds (NP something )NP (PP to (NP the market )NP )PP )VP . )S  STOP
(S (NP Japanese *UNKC )NP (VP *UNKC (NP *UNKC Car *UNKC )NP )VP )S  STOP
(S (NP *UNKC luxury-car makers )NP (VP are (VP trying (S (VP to (VP set (NP (NP strict design standards )NP (PP for (NP their dealerships )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S But (NP some dealers )NP (VP are (VP negotiating (NP *UNK terms )NP , (SBAR while (S (NP others )NP (VP decline (S (VP to (VP deal (ADVP at all )ADVP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Nissan Motor Co. 's )NP Infiniti division )NP (VP likes (S (VP to (VP insist (SBAR that (S (NP every dealer )NP (VP *UNK and *UNK (NP a building )NP (PP in (NP a Japanese style )NP )PP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (VP include (NP (NP (NP a *UNKED *UNK *UNK )NP (PP at (NP (NP the center )NP (PP of (NP each *UNK )NP )PP )NP )PP )NP and (NP (NP a *UNK bridge )NP (VP *UNKING (NP (NP a stream )NP (SBAR (WHNP that )WHNP (S (VP flows (PP into (NP the building )NP )PP (PP from (NP outside )NP )PP )VP )S )SBAR )NP )VP )NP )NP )VP . )S  STOP
(SINV `` (S (NP Infiniti )NP (VP has (NP it )NP (ADVP down (PP to (NP the *UNK )NP )PP )ADVP )VP )S , '' (VP says )VP (NP (NP Jay *UNKC )NP , (NP (NP a partner )NP (PP at (NP (NP *UNKC Power & Associates )NP , (NP an auto research firm )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP Toyota Motor Corp. 's )NP Lexus division )NP (ADVP also )ADVP (VP provides (NP specifications )NP )VP . )S  STOP
(S But (NP (NP (QP only two-thirds )QP )NP (PP of (NP Lexus dealers )NP )PP )NP (VP are (VP *UNKING (NP new buildings )NP (PP according (PP to (NP the Lexus *UNK )NP )PP )PP )VP )VP . )S  STOP
(S (NP Some )NP (VP are (ADVP even )ADVP (VP coming (PRT up )PRT (PP with (NP their own novel designs )NP )PP )VP )VP . )S  STOP
(S (PP In (NP (NP Louisville )NP , (NP Ky. )NP , )NP )PP (PP for (NP example )NP )PP , (NP David Peterson )NP (VP has (VP built (NP (NP a Lexus dealership )NP (PP with (NP (NP the *UNK )NP (PP on (NP the second floor )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S Yet (NP some dealers )NP (VP have (VP turned (PRT down )PRT (NP Infiniti or Lexus *UNK )NP (SBAR because (S (NP they )NP (VP were (ADJP unwilling or unable (S (VP to (VP meet (NP the design requirements )NP )VP )VP )S )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Lee Seidman )NP (PP of (NP Cleveland )NP )PP )NP (VP says (SBAR (S (NP Infiniti )NP (VP (VP `` was (NP a bear )NP (PP on (NP *UNK )NP )PP '' )VP but (VP (ADVP at least )ADVP let (S (NP him )NP (VP *UNK (NP an existing building )NP -- (PP without (NP the stream )NP )PP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Seidman )NP (VP says (SBAR (S (NP he )NP (VP turned (PRT down )PRT (NP a Lexus franchise )NP (SBAR (PP in (NP part )NP )PP because (S `` (NP the building )NP (VP was (ADJP (ADJP *UNK )ADJP but (ADJP very expensive )ADJP )ADJP )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (S (VP To (VP head (PRT off )PRT (NP arguments )NP )VP )VP )S , (NP Infiniti )NP (VP offers (NP dealers )NP (NP (NP cash bonuses )NP and (NP *UNK- construction loans )NP )NP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC 's )NP *UNKC )NP (VP *UNKC (PRT Back )PRT (NP a *UNKC )NP )VP )S  STOP
(S (NP *UNKC )NP (VP *UNKC (VP have (S (VP to (VP be (ADJP first )ADJP (S (VP to (VP be (NP winners )NP )VP )VP )S )VP )VP )S )VP )VP . )S  STOP
(S (NP That )NP (VP 's (NP (NP the lesson )NP (VP offered (PP through (NP (NP one case study )NP (VP featured (PP in (NP a design exhibit )NP )PP )VP )NP )PP )VP )NP )VP . )S  STOP
(S (NP Dictaphone Corp. )NP (VP was (VP caught (PP off (NP guard )NP )PP (PP in (NP (NP 1974 )NP (SBAR (WHADVP when )WHADVP (S (NP (NP its main competitor )NP , (NP (NP *UNKC Office Products )NP (PP of (NP Japan )NP )PP )NP , )NP (VP introduced (NP (NP a *UNK *UNK *UNK )NP (NP (NP half the size )NP (PP of (NP standard *UNK devices )NP )PP )NP )NP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (S (VP *UNKED (PP by (NP patent protection )NP )PP (PP from (S (VP following (ADVP suit )ADVP )VP )S )PP )VP )S , (NP Dictaphone )NP (VP decided (S (VP to (VP (VP go (NP (NP a step )NP (ADVP further )ADVP )NP )VP and (VP cut (NP the *UNK )NP (UCP (PP in (NP half )NP )PP )UCP (ADVP again )ADVP -- (ADVP down (PP to (NP (NP the length )NP (PP of (NP a *UNK )NP )PP )NP )PP )ADVP )VP )VP )VP )S )VP . )S  STOP
(S (PP By (NP 1979 )NP )PP , (NP (NP *UNK and engineers )NP (PP at (NP (NP Dictaphone )NP , (NP a Pitney Bowes subsidiary )NP , )NP )PP )NP (VP had (VP produced (NP (NP a working model )NP (PP of (NP a `` *UNK '' *UNK )NP )PP )NP )VP )VP . )S  STOP
(S (PP By (NP 1982 )NP )PP , (ADVP however )ADVP , (NP (NP the patent status )NP (PP of (NP the *UNKC *UNK )NP )PP )NP (VP had (VP changed , (S (VP *UNKING (S (NP Dictaphone )NP (VP to (VP (VP develop (NP its own competitive *UNK system )NP )VP , (SBAR (WHNP which )WHNP (S (NP it )NP (VP did )VP )S )SBAR )VP )VP )S )VP )S )VP )VP . )S  STOP
(S (NP Marketing and sales departments )NP (ADVP then )ADVP (VP urged (NP (NP *UNK )NP (PP of (NP the *UNK project )NP )PP )NP )VP . )S  STOP
(S But (NP others )NP (VP said (SBAR (S (NP *UNK )NP (VP should (VP proceed )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Both )NP (VP were (ADJP right )ADJP )VP . )S  STOP
(S (S (NP Dictaphone )NP (VP (VP went (ADVP ahead )ADVP )VP and (VP introduced (NP the *UNK )NP )VP (PP in (NP 1985 )NP )PP )VP )S , but (S (NP it )NP (VP has n't (VP sold (ADVP well )ADVP )VP )VP )S . )S  STOP
(S (PP To (NP date )NP )PP , (PRN (SINV (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP a Dictaphone vice president )NP , )NP )SINV )PRN (NP it )NP (VP has (VP `` (VP broken (ADVP even )ADVP )VP or (VP shown (NP a small loss )NP )VP )VP )VP . '' )S  STOP
(S (ADVP Nevertheless )ADVP , (NP the device )NP (VP has (VP been (ADJP successful )ADJP (PP in (NP other ways )NP )PP )VP )VP . )S  STOP
(S (S (NP It )NP (VP helped (S (NP Dictaphone )NP (VP attract (NP better engineers )NP )VP )S )VP )S , and (S (NP it )NP (VP provided (NP new technology )NP (PP for (NP other company products )NP )PP )VP )S . )S  STOP
(S (NP The *UNK *UNK )NP (ADVP also )ADVP (VP helped (S (VP transform (NP (NP the company 's )NP reputation )NP (PP from (NP *UNK )NP )PP (PP to (NP *UNK- *UNK )NP )PP )VP )S )VP . )S  STOP
(SINV `` (S (NP (NP It )NP )NP (VP gave (NP me )NP (NP great pride )NP (S (VP to (VP see (S (NP (NP the *UNK )NP (PP of (NP the *UNK )NP )PP (PP in (NP Japan )NP )PP )NP (VP (VP look (PP at (NP the *UNK )NP )PP )VP and (VP shake (NP his head )NP )VP and (VP say (ADJP ` *UNK )ADJP )VP )VP )S )VP )VP )S )VP )S , ' '' (VP says )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S (NP (NP Dictaphone 's )NP *UNK *UNK )NP (VP is (NP (NP one )NP (PP of (NP (NP 13 case studies )NP (PP in (NP (NP the *UNKC *UNKC Project )NP , (VP sponsored (PP by (NP (NP (NP the *UNKC Management Institute )NP (PP of (NP Boston )NP )PP )NP and (NP Harvard Business School )NP )NP )PP )VP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP The studies )NP (VP (VP are (PP on (NP exhibit )NP )PP (PP at (NP Harvard )NP )PP (NP this month )NP )VP and (VP will (VP travel (PP to (NP (NP (NP (NP Chicago 's )NP Institute )NP (PP of (NP *UNKC )NP )PP )NP and (NP (NP the University )NP (PP of (NP California )NP )PP (PP at (NP Berkeley )NP )PP )NP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP A *UNKC 's )NP *UNKC )NP (VP Means (S (VP *UNKING (PRT Out )PRT )VP )S )VP )S  STOP
(S (S (NP *UNKC *UNKC )NP (NP (NP Carl *UNKC )NP (PP of (NP (NP *UNKC )NP , (NP *UNKC )NP , )NP )PP )NP (VP was (VP *UNKING (NP some *UNK leaves )NP )VP )VP )S , but (S (NP the *UNK )NP (VP kept (S (VP riding (PRT up )PRT (PP over (NP the *UNK )NP )PP )VP )S )VP )S . )S  STOP
(S (SBAR (X The harder )X (S (NP he )NP (VP tried (S (VP to (VP push (NP them )NP (PP into (NP large *UNK )NP )PP )VP )VP )S )VP )S )SBAR , (X the closer )X (NP he )NP (VP came (PP to (S (VP (VP breaking (NP the *UNK )NP )VP and (VP *UNKING (NP his back )NP )VP )VP )S )PP )VP . )S  STOP
(S (ADVP So )ADVP (NP (NP Mr. *UNKC )NP , (NP (ADVP then )ADVP (NP vice president )NP (PP of (NP the *UNKC *UNKC Association )NP )PP )NP , )NP (VP (VP took (NP a *UNKED garden *UNK )NP )VP and (VP taped (NP it )NP (PP to (NP (NP the *UNK )NP (PP of (NP a *UNK *UNK )NP )PP (ADVP (NP about nine inches )NP up )ADVP )NP )PP )VP )VP . )S  STOP
(S (S (NP His crude device )NP (VP worked )VP )S : (S (NP The lower *UNK )NP (VP gathered (NP the leaves )NP (PP into (NP a pile )NP )PP , (SBAR while (S (NP the (ADJP higher , harder )ADJP teeth )NP (VP moved (NP (NP the top )NP (PP of (NP the pile )NP )PP )NP )VP )S )SBAR )VP )S . )S  STOP
(S (S (VP (ADVP Now )ADVP incorporated (PP into (NP a *UNK *UNK )NP )PP )VP )S , (NP (NP the *UNK- *UNK )NP , or (NP `` *UNK )NP , '' )NP (ADVP also )ADVP (VP are (VP supposed (S (VP to (VP aid (PP in (S (VP picking (PRT up )PRT (NP leaves )NP )VP )S )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP One customer )NP , (NP (NP Donald *UNKC )NP (PP of (NP *UNKC )NP )PP )NP , )NP (VP says (SBAR (S (NP the *UNKC *UNKC )NP (VP allowed (S (NP him )NP (VP to (VP do (NP his lawn )NP (PP in (NP (NP (QP 2 1\/2 )QP hours )NP , (ADJP (ADJP (NP two hours )NP less )ADJP (PP than (ADJP usual )ADJP )PP )ADJP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S But (NP other *UNK makers )NP (VP have (NP their doubts )NP )VP . )S  STOP
(S (NP (NP Richard Mason )NP , (NP (NP president )NP (PP of (NP (NP *UNKC Co. )NP (PP in (NP (NP *UNKC )NP , (NP W. Va. )NP )NP )PP )NP )PP )NP , )NP (VP says (SBAR (S (S (NP the Barrett rake )NP (VP `` makes (NP sense )NP )VP )S , '' but (S (NP it )NP (VP would (VP be (ADJP `` tough '' (SBAR (S (VP to (VP explain (PP to (NP consumers )NP )PP )VP )VP )S )SBAR )ADJP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (NP (NP John *UNKC )NP , (NP (NP marketing director )NP (PP for (NP (NP True *UNKC Corp. )NP , (NP (NP a subsidiary )NP (PP of (NP Black & Decker )NP )PP )NP )NP )PP )NP , )NP (VP says (SBAR (S (NP people )NP (VP do n't (VP want (S (VP to (VP move (NP a *UNK pile )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP They )NP (ADVP either )ADVP (VP pick (NP it )NP (PRT up )PRT )VP )S (PRN , '' (S (NP he )NP (VP says )VP )S , )PRN `` (S or (NP they )NP (VP start (S (VP pulling (PP from (NP a fresh direction )NP )PP )VP )S )VP )S . '' )S  STOP
(NP Odds and Ends )NP  STOP
(SINV (NP (NP *UNK *UNKC (NX (NX *UNKC *UNK )NX or (NX *UNKED *UNK )NX )NX )NP )NP , (VP promises )VP (NP (NP *UNKC Corp. )NP (PP of (NP (NP *UNKC )NP , (NP Ind. )NP , )NP )PP (NP (NP the designer )NP (PP of (NP (NP a bed support )NP (SBAR (S (VP to (VP replace (NP traditional *UNK )NP )VP )VP )S )SBAR )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP Four *UNK steel `` *UNKC )NP , '' (NP (NP each )NP (PP (ADVP roughly )ADVP in (NP (NP the shape )NP (PP of (NP a `` *UNK )NP )PP )NP )PP )NP , '' )NP (VP are (VP attached (PP to (NP (NP the bottom )NP (PP of (NP the box spring )NP )PP )NP )PP (PP in (NP a *UNKED position )NP )PP )VP )VP ... . )S  STOP
(S (NP (NP (QP Nearly half )QP )NP (PP of (NP U.S. consumers )NP )PP )NP (VP say (SBAR (S (NP they )NP (VP 'll (VP pay (NP (ADJP (QP up to 5 )QP % )ADJP more )NP (PP for (NP (NP packaging )NP (SBAR (WHNP that )WHNP (S (VP (VP can (VP be (VP *UNKED )VP )VP )VP or (VP is (ADJP *UNK )ADJP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR , (PP according (PP to (NP (NP a survey )NP (VP commissioned (PP by (NP (NP the Michael Peters Group )NP , (NP a design consultant )NP )NP )PP )VP )NP )PP )PP )VP . )S  STOP
(S (NP The Pentagon )NP (VP is (NP a *UNKED house )NP )VP . )S  STOP
(S (S (VP *UNKING (ADVP there )ADVP (PP for (NP six years )NP )PP )VP )S (VP was (ADJP really *UNK )ADJP )VP . )S  STOP
(S (S (NP (NP The ghosts )NP (PP of (NP the past )NP )PP )NP (VP are (ADVP everywhere )ADVP )VP )S : (S (NP They )NP (VP are (VP kept (PP at (NP bay )NP )PP (PP (ADVP only )ADVP by (S (VP *UNKING (NP them )NP (NP (NP vast quantities )NP (PP of (NP our defense budget )NP )PP )NP )VP )S )PP )VP )VP )S . )S  STOP
(S (NP Some )NP (VP can (VP be (VP bought (PRT off )PRT (ADVP relatively *UNKLY )ADVP )VP )VP )VP . )S  STOP
(S (PP During (NP the Korean War )NP )PP , (NP Gen. Douglas *UNKC )NP (VP demanded and got , (PP in (NP (NP addition )NP (PP to (NP (NP his U.N. command )NP (PP in (NP Korea )NP )PP )NP )PP )NP )PP , (NP (NP his own naval command )NP (PP in (NP Japan )NP )PP , (NP *UNKC )NP )NP )VP . )S  STOP
(S (NP Those *UNK operations )NP (VP (VP cost (NP (NP (QP less than $ 2 billion )QP )NP (NP a year )NP )NP )VP , and (VP keep (S (NP (NP Mac 's )NP ghost )NP (ADJP quiet )ADJP )S )VP )VP . )S  STOP
(S (NP That )NP (VP 's (NP (NP about all )NP (SBAR (S (NP it )NP (VP costs (S (VP to (VP *UNK (NP (NP Adm. Erich *UNKC 's )NP ghost )NP )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (S (PP In (NP *UNKN )NP )PP , (NP (NP *UNKC )NP and (NP the German navy )NP )NP (VP threatened (S (VP to (VP attack (NP the Panama *UNKC )NP )VP )VP )S )VP )S , so (S (NP we )NP (VP created (NP (NP the Southern *UNKC )NP (PP in (NP Panama )NP )PP )NP )VP )S . )S  STOP
(S (NP The Southern *UNKC )NP (VP has (VP grown (ADJP (ADVP even )ADVP bigger )ADJP (PP since (NP the war )NP )PP (SBAR because (S (NP (NP *UNKC 's )NP ghost )NP (ADVP sometimes )ADVP (VP runs (PP through (NP the *UNK ring )NP )PP (S (VP dressed (PP like (NP Gen. Noriega )NP )PP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP The *UNKC 's )NP huge bureaucracy )NP (VP is (VP needed (S (VP to (VP analyze (SBAR whether (S (NP (NP leaders )NP (PP of (NP (NP coups )NP (PP against (NP Gen. Noriega )NP )PP )NP )PP )NP (VP meet (NP (NP (NP (NP the War *UNKC Act 's )NP six points )NP , (NP (NP *UNKC *UNKC 's )NP seven points )NP , (NP (NP the Intelligence Committee 's )NP 32 points )NP and (NP (NP *UNKC Wilson 's )NP 14 points )NP )NP (ADJP necessary (S (VP to (VP justify (NP U.S. support )NP )VP )VP )S )ADJP )NP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (ADVP So far )ADVP (NP no one )NP (VP has )VP . )S  STOP
(S (NP (NP The ghost )NP (PP of (NP (NP the Soviet *UNK )NP (VP discovered (PP in (NP Cuba )NP )PP (PP (ADVP back )ADVP in (NP the *UNK )NP )PP )VP )NP )PP )NP (VP costs (NP (NP just (QP a few hundred million )QP )NP : (NP (NP the price )NP (PP of (NP (NP the Caribbean *UNKC )NP (PP in (NP *UNKC West )NP )PP (SBAR (WHNP that )WHNP (S (NP President Carter )NP (VP created (PP in (NP 1980 )NP )PP )VP )S )SBAR )NP )PP )NP )NP )VP . )S  STOP
(S (S (NP The *UNK )NP (VP has n't (VP been (VP heard (PP from )PP (ADVP since )ADVP )VP )VP )VP )S , but (S (NP we )NP (VP keep (NP the staff )NP (ADVP around )ADVP (ADVP just in case )ADVP )VP )S . )S  STOP
(S (NP (NP George Marshall 's )NP ghost )NP (VP is (ADJP much more difficult (S (VP to (VP keep (S (ADJP happy )ADJP )S )VP )VP )S )ADJP )VP . )S  STOP
(S (NP We )NP (VP keep (NP (NP a lot )NP (PP of (NP (NP *UNK )NP (PP to (NP him )NP )PP )NP )PP )NP (PP around (NP the Pentagon )NP )PP : (UCP (NP *UNK )NP , (NP *UNK )NP , (NP *UNK )NP and (ADJP such )ADJP )UCP )VP . )S  STOP
(S (S (NP (NP The Army headquarters )NP (PP on (NP (NP the third deck )NP (PP of (NP the Pentagon )NP )PP )NP )PP )NP (VP used (S (VP to (VP *UNK (NP (NP a lot )NP (PP of (NP *UNK )NP )PP )NP (PP to (NP him )NP )PP )VP )VP )S )VP )S , but (S (NP (NP the Navy headquarters )NP (PP on (NP the fourth deck )NP )PP )NP (VP made (S (NP them )NP (VP stop (NP it )NP )VP )S )VP )S . )S  STOP
(S (S (NP You )NP (VP see )VP )S , (S (NP Marshall )NP (VP had (NP (NP this thing )NP (PP about (NP (NP the Navy )NP and (NP the *UNKC )NP )NP )PP )NP )VP )S -- (S (S (NP he )NP (VP wanted (S (VP to (VP make (S (NP them )NP (NP (NP part )NP (PP of (NP the Army )NP )PP )NP )S )VP )VP )S )VP )S but (S (NP (NAC Secretary (PP of (NP the Navy )NP )PP )NAC James *UNKC )NP (VP blocked (NP him )NP )VP )S )S . )S  STOP
(S (ADVP Now )ADVP (NP his ghost )NP (VP wo n't (VP let (PRT up )PRT (SBAR *UNK (S (NP it )NP (VP 's (VP done )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (VP To (VP keep (S (NP him )NP (ADJP quiet )ADJP )S )VP )VP )S (NP we )NP (VP (VP *UNK (NP (NP a new unified command )NP )NP (NP (NP every year )NP or so )NP (VP run (PP by (NP (NP the Army )NP or (NP the Air Force )NP )NP )PP )VP )VP and (VP put (NP (NP more )NP (PP of (NP the Navy and *UNKC )NP )PP )NP (PP under (NP it )NP )PP )VP )VP . )S  STOP
(S (S But (NP we )NP (ADVP still )ADVP (VP hear (S (NP him )NP (VP *UNKING (PP at (NP night )NP )PP (SBAR because (S (NP the Navy )NP (VP has (NP (NP a few ships )NP (ADJP left )ADJP )NP )VP )S )SBAR )VP )S )VP )S , and (S (S (VP to (VP satisfy (NP him )NP )VP )VP )S (S (NP (NP the Navy 's )NP sea lift forces )NP (VP were (VP given (PP to (NP (NP a new Air Force bureaucracy )NP (PP in (NP Illinois )NP )PP )NP )PP )VP )VP )S , (S (NP its space operations )NP (PP to (NP (NP another command )NP (PP in (NP Colorado )NP )PP )NP )PP )S , (S (NP the *UNK )NP (PP to (NP (NP a new Army bureaucracy )NP (PP in (NP Fort *UNKC )NP )PP )NP )PP )S , and (S (NP (NP the Navy 's )NP Indian Ocean and Persian Gulf forces )NP (PP to (NP (NP an Army bureaucracy )NP (PP in (NP Florida )NP )PP )NP )PP )S )S . )S  STOP
(SBAR (WHNP Which )WHNP (S (VP brings (PRT up )PRT (NP (NP (NP the (ADJP worst and *UNK )ADJP ghost )NP (PP of (NP all )NP )PP )NP -- (NP (NP the ghost )NP (PP of (NP (NP the shah )NP (PP of (NP Iran )NP )PP )NP )PP )NP )NP )VP )S . )SBAR  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP the shah )NP (VP died )VP )S )SBAR , (NP President Carter )NP (VP was (ADJP (ADJP so scared (SBAR that (S (NP (NP the shah 's )NP ghost )NP (VP would (VP blame (NP him )NP (PP for (S (VP *UNKING (NP him )NP (PRT out )PRT (S (VP to (VP make (NP way )NP (PP for (NP the *UNK )NP )PP )VP )VP )S )VP )S )PP )VP )VP )S )SBAR )ADJP (SBAR that (S (NP he )NP (VP declared (NP the Carter *UNKC )NP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP Mr. Carter )NP (VP said (SBAR (S (NP he )NP (VP would (VP go (PP to (NP war )NP )PP (S (VP to (VP stop (NP anyone )NP (PP from (S (VP trying (S (VP to (VP grab (NP Iran )NP )VP )VP )S )VP )S )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (S But (NP that ghost )NP (VP would n't (VP settle (PP for (NP words )NP )PP )VP )VP )S , (S (NP he )NP (VP wanted (NP (NP money and people )NP -- (ADJP lots )ADJP )NP )VP )S . )S  STOP
(S So (NP Mr. Carter )NP (VP (VP formed (NP three new Army divisions )NP )VP and (VP gave (NP them )NP (PP to (NP (NP a new bureaucracy )NP (PP in (NP Tampa )NP )PP (VP called (S (NP the *UNKC *UNKC Force )NP )S )VP )NP )PP )VP )VP . )S  STOP
(S (S But (NP that ghost )NP (VP was n't (VP *UNKED )VP )VP )S ; (S (NP he )NP (VP knew (SBAR (S (NP the *UNKC )NP (VP was (UCP neither (ADJP rapid )ADJP nor (ADJP *UNK )ADJP nor (NP a force )NP )UCP -- (SBAR even though (S (NP it )NP (VP cost (NP (NP (NP (QP $ 8 billion )QP )NP or (NP (QP $ 10 billion )QP )NP )NP (NP a year )NP )NP )VP )S )SBAR )VP )S )SBAR )VP )S . )S  STOP
(S (SBAR After (S (NP Mr. Carter )NP (VP was (VP defeated (PP in (NP 1980 )NP )PP )VP )VP )S )SBAR , (NP (NP the shah 's )NP ghost )NP (VP (VP claimed (NP the credit )NP )VP and (VP (ADVP then )ADVP went (PP after (NP (NP President Reagan )NP and (NP *UNKC *UNKC )NP )NP )PP )VP )VP . )S  STOP
(S (NP I )NP (VP saw (SBAR (WHNP what )WHNP (S (NP he )NP (VP did (PP to (NP them )NP )PP )VP )S )SBAR (ADVP *UNK )ADVP )VP . )S  STOP
(S (NP It )NP (VP made (NP my *UNK )NP (VP dance (PP with (NP *UNK )NP )PP )VP )VP . )S  STOP
(S (S (ADVP Why )ADVP , (NP he )NP (VP used (S (VP to (VP lay (PP in (NP wait )NP )PP (PP for (NP Cap )NP )PP )VP )VP )S )VP )S ; (S (ADVP suddenly )ADVP (NP he )NP (VP 'd (VP (VP leap (PP from (PP behind (NP (NP some *UNK )NP (PP of (NP Marshall )NP )PP )NP )PP )PP (PP onto (NP (NP Cap 's )NP *UNK )NP )PP )VP and (VP grab (NP him )NP (PP by (NP the *UNK )NP )PP )VP and (VP *UNK (NP him )NP (SBAR *UNK (S (NP he )NP (VP *UNKED (PRT up )PRT (NP (NP an (QP additional $ 2 billion )QP )NP or so )NP )VP )S )SBAR )VP )VP )VP )S . )S  STOP
(S (NP Cap )NP (VP (VP added (NP (NP four more divisions )NP )NP (PP to (NP the Army )NP )PP , (NP (NP (NP two )NP (ADJP active )ADJP )NP and (NP (NP two )NP (ADJP reserve )ADJP )NP )NP )VP ; (VP (NP two carrier groups )NP (PP to (NP the Navy )NP )PP )VP ; (VP (NP a division -- equivalent )NP (PP to (NP the *UNKC )NP )PP )VP ; and (VP (NP (NP the *UNKC , *UNKC , *UNKC )NP and (NP a thousand tactical aircraft )NP )NP (PP to (NP the Air Force )NP )PP )VP )VP . )S  STOP
(S (NP He )NP (VP (VP bought (NP (NP (NP (QP $ 4 billion )QP )NP (PP in (NP *UNKING ships )NP )PP )NP and (NP (NP (QP $ 7 billion )QP )NP (PP in (NP *UNK and equipment )NP )PP (SBAR (S (VP to (VP fill (NP them )NP )VP )VP )S )SBAR )NP )NP )VP , and (VP *UNKED (NP them )NP (PP at (NP (NP a new (ADJP (QP $ 6 billion )QP )ADJP base )NP (PP at (NP Diego Garcia )NP )PP )NP )PP (PP in (NP (NP the middle )NP (PP of (NP the Indian Ocean )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP He )NP (VP dedicated (NP all these new forces )NP (PP to (NP the Persian Gulf )NP )PP )VP . )S  STOP
(S (NP One night )NP (NP both (NP (NP Marshall 's )NP ghost )NP and (NP (NP the shah 's )NP ghost )NP (ADJP together )ADJP )NP (VP (VP caught (NP Cap )NP )VP and (VP threw (NP him )NP (PP to (NP the ground )NP )PP )VP )VP . )S  STOP
(S (SBAR Before (S (NP they )NP (VP let (S (NP him )NP (VP go )VP )S )VP )S )SBAR (NP he )NP (VP (VP added (NP (QP a thousand )QP bureaucrats )NP (PP to (NP (NP the *UNKC )NP (PP in (NP Tampa )NP )PP )NP )PP )VP and (VP renamed (S (NP it )NP (NP Central *UNKC )NP )S )VP )VP . )S  STOP
(S (NP He )NP (VP gave (NP those bureaucrats )NP (NP (NP charge )NP (PP of (NP (NP all naval operations )NP (PP in (NP the (NX (NX Persian Gulf )NX and (NX Indian Ocean )NX )NX )NP )PP )NP )PP )NP )VP . )S  STOP
(S (S (NP Marshall )NP (VP figured (SBAR (S (NP it )NP (VP would (VP be (NP (NP good training )NP (PP for (NP those soldiers )NP )PP )NP )VP )VP )S )SBAR )VP )S -- (S (ADVP someday )ADVP (ADVP maybe )ADVP (NP they )NP (VP would (VP get (NP the whole Navy )NP )VP )VP )S . )S  STOP
(S (S (NP They )NP (VP had (NP fun )NP (S (VP moving (NP the carriers )NP (PRT around )PRT )VP )S )VP )S , but (S (NP it )NP (VP turned (PRT out )PRT (SBAR that (S (NP they )NP (VP had (VP forgotten (PP (ADVP all )ADVP about (NP mine *UNK )NP )PP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (S But (NP the shah )NP (ADVP still )ADVP (VP kept (S (VP *UNKING (PRT out )PRT (PP at (NP Cap )NP )PP )VP )S )VP )S , so (S (NP Cap )NP (VP bought (NP (NP (QP a hundred )QP merchant ships more )NP and (NP (NP (QP $ 7 billion )QP )NP (PP of (NP (NP *UNKING *UNK )NP , (NP *UNK )NP , *UNK , )NP )PP )NP )NP (SBAR in order that (S (NP those (NX (NX seven new Army divisions )NX and (NX three Marine *UNK )NX )NX )NP (VP could (VP (VP *UNK (PP from (NP all those new ships and aircraft )NP )PP )VP and (VP go (PP to (NP war )NP )PP (PP in (NP the *UNKC *UNK )NP )PP )VP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (ADVP Then )ADVP (ADVP suddenly )ADVP (NP (NP *UNKC 's )NP ghost )NP (VP (VP came (S (VP to (VP visit )VP )VP )S )VP and (VP said , (SBARQ `` (WHNP What the hell )WHNP (SQ are (NP you )NP (VP doing (S (VP planning (PP for (NP (NP (NP a land war )NP (PP in (NP Asia )NP )PP )NP (ADVP (NP *UNKN miles )NP away )ADVP )NP )PP )VP )S )VP )SQ )SBARQ )VP )VP ? )S  STOP
(S (NP We )NP (VP 'd (VP get (S (NP our *UNK )NP (VP kicked )VP )S )VP )VP . '' )S  STOP
(S (ADJP *UNKC (PP for (NP Cap )NP )PP )ADJP , (NP *UNKC )NP (VP (VP was (ADJP *UNKING )ADJP )VP and (VP (ADVP soon )ADVP went (ADVP away )ADVP , (SBAR while (S (NP the shah )NP -- (NP he )NP (VP kept (S (VP coming (ADVP back )ADVP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP So )ADVP (NP the U.S. )NP (VP found (NP itself )NP (S (VP paying (NP (NP (QP about $ 2 billion )QP )NP (PP in (NP *UNK )NP )PP )NP (PP to (NP various Arab *UNK )NP )PP (PP for (NP (NP *UNKING rights )NP (PP around (NP the Indian Ocean )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (NP We )NP (VP had (NP great success )NP (PP in (NP Somalia )NP )PP )VP . )S  STOP
(S (S But (ADVP then )ADVP (NP it )NP (VP turned (PRT out )PRT (SBAR that (S (NP President *UNKC *UNKC )NP (VP was (ADVP not at all )ADVP (NP a nice person )NP )VP )S )SBAR )VP )S and (S (NP the Navy )NP (VP pointed (PRT out )PRT (SBAR that (S (NP (NP the base )NP (SBAR (S (NP he )NP (VP promised (NP us )NP )VP )S )SBAR (PP in (NP *UNKC )NP )PP )NP (VP had (VP *UNKED (PRT up )PRT (ADVP (NP (QP about a hundred )QP years )NP ago )ADVP )VP and (VP (ADVP anyway )ADVP was (NP (NP *UNKN miles )NP (PP from (NP (NP the *UNK )NP (PP of (NP the Gulf )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP )S . )S  STOP
(SBARQ -LRB- But (WHNP who )WHNP (SQ (VP 's (VP counting )VP )VP )SQ . -RRB- )SBARQ  STOP
(S (S (ADVP Still )ADVP , (NP *UNKC )NP (VP was (NP (NP the best )NP (SBAR (S (NP we )NP (VP could (VP get )VP )VP )S )SBAR )NP )VP )S , so (S (NP we )NP (VP stay (PP in (NP bed )NP )PP (PP with (NP President *UNKC )NP )PP )VP )S . )S  STOP
(S (NP (NP All these reports )NP (PP about (S (NP him )NP (VP *UNKING (NP *UNK )NP )VP )S )PP )NP (VP are (ADVP probably )ADVP (ADJP *UNKED )ADJP (ADVP anyway )ADVP )VP . )S  STOP
(S (SINV But would n't (NP you )NP (VP know )VP )SINV , (S (SBAR now that (S (NP we )NP (VP (VP are (VP spending (NP (NP *UNK )NP (PP of (NP dollars )NP )PP )NP )VP )VP , and (VP have (VP built (NP (NP those new divisions )NP and (NP new air wings )NP )NP )VP )VP , and (VP have (VP positioned (NP all these ships and supplies )NP (S (VP to (VP fight (NP the Russians )NP (PP in (NP Iran )NP )PP )VP )VP )S )VP )VP )VP )S )SBAR , (NP the Russians )NP (VP seem (S (VP to (VP have (VP lost (NP (NP interest )NP (PP in (NP the whole subject )NP )PP )NP )VP )VP )VP )S )VP )S . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP Congress )NP (VP is (VP cutting (NP huge *UNK )NP (PP out (PP of (NP (NP the rest )NP (PP of (NP the defense budget )NP )PP )NP )PP )PP )VP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP , (NP some Navy guys )NP (VP said : (SQ `` Do (NP we )NP (ADVP still )ADVP (VP need (S (VP to (VP keep (NP (NP (NP all 18 Army divisions )NP (PP on (NP active duty )NP )PP )NP and (NP (NP all those extra *UNKED aircraft )NP (PP without (NP bases )NP )PP )NP and (NP (NP all those Army guys )NP (VP playing (NP *UNK )NP (PP in (NP Tampa )NP )PP )VP )NP )NP )VP )VP )S )VP )SQ )VP ? )S  STOP
(SQ *UNKC n't (NP we )NP (VP save (NP (NP (NP (QP $ 20 billion )QP )NP or (NP (QP $ 30 billion )QP )NP )NP (NP a year )NP )NP (PP by (S (VP shifting (NP that stuff )NP (PP to (NP the reserves )NP )PP )VP )S )PP )VP ? )SQ  STOP
(SBAR And (WHADVP why not )WHADVP (S (VP save (NP (NP the costs )NP (PP of (NP (QP a thousand )QP bureaucrats )NP )PP )NP (PP by (S (VP (VP *UNKING (NP Central *UNKC )NP )VP and (VP putting (NP (NP responsibility )NP (PP for (NP Gulf naval operations )NP )PP )NP (ADVP (ADVP back (SBAR (WHADVP where )WHADVP (S (NP it )NP (VP belongs )VP )S )SBAR )ADVP , (ADVP *UNK (PP with (NP (NP the task force *UNK )NP (PP in (NP the Gulf )NP )PP )NP )PP )ADVP )ADVP )VP )VP )S )PP )VP )S ? )SBAR  STOP
(SBARQ And (WHADVP where )WHADVP (SQ (VP were )VP (NP all our (ADJP *UNKLY paid )ADJP Indian Ocean allies )NP (NP (NP last year )NP (SBAR (WHADVP when )WHADVP (S (NP our *UNK )NP (VP were (VP being (VP attacked )VP )VP )VP )S )SBAR )NP )SQ ? '' )SBARQ  STOP
(S (NP (NP *UNKC )NP (PP like (NP that )NP )PP )NP (VP (ADVP really )ADVP *UNK (PRT up )PRT (NP (NP Marshall 's )NP ghost )NP )VP . )S  STOP
(S (NP He )NP (VP appeared (NP late one night )NP (PP in (NP (NP the *UNK )NP (PP of (NP (NP the new defense secretary )NP , (NP Dick Cheney )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Marshall )NP (VP came (S (VP *UNKING (PRT in )PRT (PP like (NP (NP (NP *UNKC 's )NP ghost )NP (VP *UNKING (NP (NP those chains )NP (PP of (NP (NP *UNK )NP and (NP air wings )NP and (NP (NP links )NP (PP with (NP Arab *UNK )NP )PP )NP )NP )PP )NP )VP )NP )PP )VP )S )VP . )S  STOP
(S (NP He )NP (VP would n't (VP leave (SBAR until (S (NP Mr. Cheney )NP (VP promised (S (VP to (VP do (SBAR (WHNP whatever )WHNP (S (NP the Pentagon systems analysts )NP (VP told (NP him )NP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (S (ADVP So )ADVP (NP next day )NP (NP Mr. Cheney )NP (VP (VP went (ADVP out )ADVP )VP and (VP did (NP just that )NP )VP )VP )S : (S (NP He )NP (VP (VP canceled (NP the *UNK- Navy )NP )VP and (VP cut (ADVP back )ADVP (NP (NP one carrier )NP and (NP 20 *UNK )NP )NP )VP )VP )S . )S  STOP
(S (ADVP Then )ADVP (NP he )NP (VP canceled (NP (NP production )NP (PP of (NP (NP (NP the Navy 's )NP (ADJP most important )ADJP carrier aircraft )NP , (NP (NP the F-14 )NP and (NP the *UNKC )NP )NP )NP )PP )NP )VP . )S  STOP
(S (PP On (NP the other hand )NP )PP , (NP Mr. Cheney )NP (VP retained (NP all those new land forces )NP )VP . )S  STOP
(S (S (NP (NP Marshall 's )NP ghost )NP (VP is (ADJP satisfied )ADJP (PP for (ADVP now )ADVP )PP )VP )S , but (S (NP he )NP (VP 'll (VP be (ADVP back )ADVP )VP )VP )S . )S  STOP
(S (PP (X What )X with (S (S (NP Halloween )NP (VP coming )VP )S and (S (NP bigger defense cuts )NP (VP *UNKING )VP )S )S )PP , (NP (ADJP more and more )ADJP Pentagon bureaucrats )NP (VP are (VP *UNKING (PP under (NP their desks )NP )PP )VP )VP . )S  STOP
(S (NP They )NP (VP know (SBAR that (S (NP they )NP (VP can (VP hold (PRT off )PRT (NP the ghosts )NP (NP only a little while longer )NP (PP by (S (VP cutting (NP carriers and ships )NP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (ADVP Then )ADVP (NP the whole thing )NP (VP will (VP start (S (VP to (VP collapse )VP )VP )S , (SBAR just as (S (NP it )NP (VP did (VP (PP in (NP the 1970s )NP )PP )VP )VP )S )SBAR )VP )VP )S , and (S (NP the ghosts and *UNK )NP (VP will (VP be (VP *UNKING (PP through (NP the place )NP )PP (S (VP turning (S (NP (NP people 's )NP hair )NP (ADJP white )ADJP )S )VP )S )VP )VP )VP )S . )S  STOP
(S (VP *UNKC (NP me )NP (NP the *UNK )NP (S (VP (ADVP just )ADVP thinking (PP about (NP it )NP )PP )VP )S )VP . )S  STOP
(S (NP (NP Mr. Lehman )NP , (NP a Reagan Navy secretary )NP , )NP (VP is (NP (NP a managing director )NP (PP of (NP PaineWebber )NP )PP )NP )VP . )S  STOP
(S (NP (NP The metal and *UNK lobby )NP (PP of (NP (NP CenTrust Bank 's )NP headquarters )NP )PP )NP (VP is (ADJP (ADJP *UNK )ADJP (PP than (NP your average savings and loan )NP )PP )ADJP )VP . )S  STOP
(S (PP For (NP one thing )NP )PP , (NP there )NP (VP is (NP (NP an old master )NP )NP (PP on (NP the wall )NP )PP -- (NP (NP `` (NP Samuel )NP (VP *UNKING (NP David )NP )VP )NP , '' (NP (NP a big *UNK *UNK )NP (VP painted (PP by (NP (NP *UNKC *UNKC )NP , (NP a *UNK- *UNKC )NP )NP )PP )VP )NP )NP )VP . )S  STOP
(S (PP At (NP the moment )NP )PP , (ADVP however )ADVP , (NP the painting )NP (VP is (NP (NP a *UNKING reminder )NP (PP of (NP (NP the problems )NP (SBAR (WHNP that )WHNP (S (VP have (VP *UNKED (NP (NP CenTrust )NP and (NP (NP its *UNK (NX (NX chairman )NX and (NX chief executive )NX )NX )NP , (NP David L. Paul )NP )NP )NP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (PP In (NP (NP an international buying spree )NP (SBAR (WHNP that )WHNP (S (VP began (ADVP (NP barely two years )NP ago )ADVP )VP )S )SBAR )NP )PP , (NP Mr. Paul )NP (VP *UNKED (NP (NP a collection )NP (PP of (NP (NP (QP about 30 )QP *UNK- works )NP , (PP including (NP the *UNKC )NP )PP )NP )PP )NP , (PP at (NP (NP a total cost )NP (PP of (NP (QP $ 28 million )QP )NP )PP )NP )PP )VP . )S  STOP
(S (PP By (NP midnight Oct. 6 )NP )PP , (NP (NP all )NP (PP of (NP the paintings )NP )PP )NP (VP were (VP supposed (S (VP to (VP have (VP been (VP sold (PRT off )PRT )VP )VP )VP )VP )S , (PP under (NP (NP orders )NP (PP from (NP (NP (NP Florida 's )NP comptroller )NP , (SBAR (WHNP whose office )WHNP (S (VP *UNK (NP (NP the state 's )NP *UNKC )NP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP CenTrust )NP (VP did n't (VP meet (NP the deadline )NP )VP )VP . )S  STOP
(S (NP The collection )NP (VP was (PP at (NP (NP the heart )NP (PP of (NP (NP a *UNK plan )NP (SBAR (S (NP Mr. Paul )NP (VP had )VP )S )SBAR (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP the art )NP (VP was (S (VP to (VP do (NP (NP double duty )NP -- (PP (PP as (NP (NP an investment )NP (PP for (NP CenTrust )NP )PP )NP )PP and (PP as (NP (NP *UNK )NP (PP for (NP (NP (NP the S&L 's )NP new office tower )NP , (VP designed (PP by (NP *UNKC *UNKC )NP )PP )VP )NP )PP )NP )PP )PP )NP )VP )VP )S )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP The *UNK )NP (VP is (SBAR that (S (NP the (QP $ 28 million )QP )NP (VP was (VP *UNKED (PP from (NP (NP the funds )NP (PP of (NP this (ADJP federally insured )ADJP institution )NP )PP )NP )PP (SBAR even as (S (NP CenTrust )NP (VP was (VP losing (NP money )NP (NP (NP hand )NP (PP over (NP *UNK )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Paul )NP (VP had (NP no right (S (VP to (VP buy (NP art )NP (PP for (NP the S&L )NP )PP (PP in (NP the first place )NP )PP (PRN -- (S (NP it )NP (VP is n't (PP on (NP (NP the comptroller 's )NP `` *UNK '' list )NP )PP )VP )S -- )PRN (PP without (S (S (VP seeking (NP a special *UNK )NP )VP )S , (SBAR (WHNP which )WHNP (S (NP he )NP (VP did not (VP do )VP )VP )S )SBAR )S )PP )VP )VP )S )NP )VP . )S  STOP
(S (PP Besides (NP that )NP )PP , (NP (NP (NP some )NP (PP of (NP (NP the paintings )NP (SBAR (WHNP that )WHNP (S (VP were (S (VP to (VP *UNK (NP (NP the walls )NP (PP of (NP CenTrust )NP )PP )NP )VP )VP )S )VP )S )SBAR )NP )PP )NP )NP (VP (ADVP actually )ADVP ended (PRT up )PRT (S (VP hanging (PP in (NP (NP (NP the chairman 's )NP estate )NP (PP on (NP (NP La *UNKC *UNKC )NP (PP off (NP Miami Beach )NP )PP )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (NP Last spring )NP , (NP (NP the comptroller 's )NP office )NP (VP called (NP (NP a halt )NP (PP to (NP (NP Mr. Paul 's )NP *UNKING )NP )PP )NP , (S (VP giving (NP him )NP (NP (NP six months )NP (SBAR (S (VP to (VP sell (NP the paintings )NP )VP )VP )S )SBAR )NP )VP )S )VP . )S  STOP
(S (NP The acquisitions )NP (PRN , (S (NP officials )NP (VP said (PP in (NP (NP a letter )NP (PP to (NP Mr. Paul )NP )PP )NP )PP )VP )S , )PRN (VP were (ADJP `` *UNK , *UNK and unauthorized )ADJP )VP . '' )S  STOP
(S (S (ADVP So far )ADVP , (NP Mr. Paul )NP (VP has (VP *UNKED (NP (NP (QP but three )QP )NP (PP of (NP his *UNK )NP )PP )NP )VP )VP )S , (S (NP he )NP (VP wo n't (VP say (FRAG (WHPP to (WHNP whom )WHNP )WHPP )FRAG )VP )VP )S . )S  STOP
(S (NP (NP The comptroller 's )NP office )NP (VP says (SBAR (S (NP it )NP (VP is (VP `` monitoring (NP the situation )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (SBAR Though (S (NP the agency )NP (VP could (VP remove (NP Mr. Paul )NP )VP )VP )S )SBAR , (NP it )NP (VP has (NP no current intention (S (VP to (VP do (NP that )NP )VP )VP )S )NP )VP . )S  STOP
(S `` (S (NP It )NP (VP 's not (PP like (S (VP selling (NP *UNKC )NP )VP )S )PP )VP )S , '' (NP Mr. Paul )NP (VP says , (SBAR as (S (NP he )NP (VP takes (NP (NP a drag )NP (PP on (NP a *UNKED St. *UNKC cigarette )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S `` (NP The last six months )NP (VP has (VP established (NP (NP the quality )NP (PP of (NP the collection )NP )PP )NP )VP )VP . )S  STOP
(S (NP There )NP (VP 's (NP no fire sale )NP (ADVP here )ADVP )VP . '' )S  STOP
(S (PP Despite (NP (NP Mr. Paul 's )NP characteristic *UNK )NP )PP , (NP the *UNK- , *UNKING *UNK )NP (VP is (VP finding (SBAR that (S (S (VP getting (NP (NP CenTrust )NP -- (NP (NP Florida 's )NP largest thrift institution )NP -- )NP (PP out (PP of (NP its *UNK investments )NP )PP )PP )VP )S (VP is (ADJP (ADJP much tougher )ADJP (SBAR than (S (S (VP getting (PP into (NP them )NP )PP )VP )S (VP had (VP been )VP )VP )S )SBAR )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP are (NP (NP just part )NP (PP of (NP the picture )NP )PP )NP )VP . )S  STOP
(S (SBAR Although (S (NP Mr. Paul )NP (VP has (VP *UNKED (NP a (ADJP (QP $ 1.35 billion )QP )ADJP junk-bond portfolio )NP (PP to (NP (QP less than $ 900 million )QP )NP )PP (PP since (NP April )NP )PP )VP )VP )S )SBAR , (NP the high-yield debt market )NP (VP has (VP plummeted )VP )VP . )S  STOP
(S (S (VP *UNKING (NP itself )NP (PP of (SBAR (WHNP what )WHNP (S (VP is (VP left )VP )VP )S )SBAR )PP )VP )S , (SBAR as (S (VP is (VP required (PP of (NP all thrift institutions )NP )PP (PP by (NP July 1994 )NP )PP (PP under (NP the new federal S&L bailout law )NP )PP )VP )VP )S )SBAR , (VP may (ADVP well )ADVP (VP prove (ADJP difficult )ADJP )VP )VP . )S  STOP
(S And (NP CenTrust )NP (VP has (NP other problems )NP )VP . )S  STOP
(S (NP Late last week )NP (NP federal regulators )NP (VP (VP ordered (NP the thrift institution )NP (S (VP to (VP stop (S (VP paying (NP (NP dividends )NP (PP on (NP its preferred stock )NP )PP )NP )VP )S )VP )VP )S )VP -- (NP (NP a move )NP (SBAR (WHNP that )WHNP (S (VP suggests (NP (NP deep concern )NP (PP about (NP an institution )NP )PP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP Mr. Paul )NP (VP has (NP a plan (S (VP to (VP bring (PRT in )PRT (NP (QP $ 150 million )QP )NP (PP by (S (VP selling (PRT off )PRT (NP (NP 63 )NP (PP of (NP (NP CenTrust 's )NP 71 branches )NP )PP )NP )VP )S )PP )VP )VP )S )NP )VP )S , but (S (NP it )NP (VP has (ADVP yet )ADVP (S (VP to (VP be (VP approved (PP by (NP regulators )NP )PP )VP )VP )VP )S )VP )S . )S  STOP
(S (NP (NP It )NP )NP (VP is (NP (NP Mr. Paul 's )NP art venture )NP , (ADVP however )ADVP , (SBAR (WHNP that )WHNP (S (VP has (VP drawn (NP the most attention )NP (PP from (NP (NP investors and regulators )NP , (CONJP not to mention )CONJP (NP (NP *UNK )NP (PP throughout (NP the world )NP )PP )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKED shareholders )NP (PRN -LRB- (NP (NP some )NP (SBAR (WHPP of (WHNP whom )WHNP )WHPP (S (VP are (VP *UNKING )VP )VP )S )SBAR )NP -RRB- )PRN )NP (VP say (SBAR (S (NP (NP the chairman )NP and (NP his collection )NP )NP (VP *UNK (NP (NP the *UNK )NP (PP of (NP (NP speculation )NP (SBAR (WHNP that )WHNP (S (VP set (PRT off )PRT (NP the national S&L crisis )NP )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S -LRB- (NP CenTrust shares )NP (VP have (VP fallen (ADVP sharply )ADVP (PP in (NP price )NP )PP (PP from (NP (NP a high )NP (PP of (NP $ *UNKN )NP )PP )NP (PP in (NP 1986 )NP )PP )PP (S (VP to (VP close (NP yesterday )NP (PP at (NP $ *UNKN )NP )PP )VP )VP )S )VP )VP . -RRB- )S  STOP
(S (NP *UNKC directors )NP , (ADVP meanwhile )ADVP , (VP say (SBAR (S (NP (NP Mr. Paul )NP and (NP (NP others )NP (PP of (NP his *UNK )NP )PP )NP )NP (VP have (VP left (NP an *UNK mark )NP (PP on (NP the art world )NP )PP (PRN -- and not (PP for (NP the better )NP )PP )PRN )VP )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP *UNKC )NP (VP do n't (VP say (S `` (NP It )NP (VP 's (NP a van *UNKC )NP )VP '' )S (ADVP anymore )ADVP )VP )VP )S , (VP *UNK )VP (NP (NP Harry Brooks )NP , (NP (NP the president )NP (PP of (NP (NP *UNKC & Co. )NP , (NP a New York gallery )NP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP They )NP (VP say , (S ` (S (NP *UNKC *UNKC )NP (VP got (NP (QP $ 53 million )QP )NP (PP for (NP his )NP )PP )VP )S , (ADVP so )ADVP (S (ADVP certainly )ADVP (NP (QP $ 10 million )QP )NP (VP is n't (NP too much )NP (PP for (NP mine )NP )PP )VP )S )S )VP . ' )S  STOP
(S (S (NP (NP (NP The great *UNK )NP (SBAR (S (NP we )NP (VP *UNKED (PP on )PP )VP )S )SBAR )NP , (PP such as (NP (NP Paul Mellon )NP or (NP Norton Simon )NP )NP )PP , )NP (VP have (VP stopped (S (VP buying )VP )S )VP )VP )S , and (S (NP the new buyers )NP (VP are (NP (NP *UNK men )NP (SBAR (WHNP who )WHNP (S (VP (VP made (NP money )NP (PP (PP in (NP the stock market )NP )PP or (PP in (NP takeovers )NP )PP )PP )VP and (VP rushed (PP into (NP collecting )NP )PP )VP )VP )S )SBAR )NP )VP )S ... . '' )S  STOP
(S (NP (NP Mr. *UNKC )NP , (NP an art dealer and *UNK )NP , )NP (VP sold (NP (NP Vincent van *UNKC 's )NP (NX `` *UNKC '' )NX )NP (PP at (NP (NP a Sotheby 's )NP auction )NP )PP (PP in (NP (NP November )NP (NP 1987 )NP )NP )PP (PP to (NP Australian businessman Alan Bond )NP )PP )VP . )S  STOP
(S -LRB- (S (NP *UNKC )NP (VP is , (S (NP Mr. Bond )NP (VP has (ADVP yet )ADVP (S (VP to (VP pay (PRT up )PRT )VP )VP )S )VP )S )VP )S , and (S (SBAR until (S (NP he )NP (VP does )VP )S )SBAR , (NP (NP Sotheby 's )NP )NP (VP has (NP the painting )NP (PP under (NP lock and key )NP )PP )VP )S . -RRB- )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP Mr. Paul )NP (VP moved (PRT in )PRT (PP on (NP the art market )NP )PP )VP )S )SBAR , (NP he )NP (VP let (NP it )NP (VP be (VP known (SBAR that (S (NP virtually no piece )NP (VP was (ADJP (ADJP too costly )ADJP (SBAR (S (VP to (VP be (VP considered (PP by (NP CenTrust )NP )PP )VP )VP )VP )S )SBAR )ADJP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP He )NP (VP established (NP (NP his reputation )NP (PP as (NP a *UNK )NP )PP )NP (PP in (NP (NP January )NP (NP last year )NP )NP )PP (PP at (NP (NP (NP Sotheby 's )NP auction )NP (PP of (NP (NP the Linda and Gerald *UNKC collection )NP (PP in (NP New York )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (ADVP There )ADVP , (PP on (NP (NP one )NP (PP of (NP his first shopping trips )NP )PP )NP )PP , (NP Mr. Paul )NP (VP picked (PRT up )PRT (NP several paintings )NP (PP at (NP stunning prices )NP )PP )VP . )S  STOP
(S (NP He )NP (VP paid (NP (QP $ 2.2 million )QP )NP , (PP for (NP instance )NP )PP , (PP for (NP (NP a still life )NP (PP by (NP *UNKC *UNKC *UNK *UNKC )NP )PP (SBAR (WHNP that )WHNP (S (VP was (VP expected (S (VP to (VP fetch (NP perhaps $ *UNKN )NP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP The price )NP (VP paid )VP )NP (VP was (NP a record )NP (PP for (NP the artist )NP )PP )VP . )S  STOP
(S -LRB- (NP (NP (QP Some 64 )QP % )NP (PP of (NP (NP items )NP (VP offered (PP at (NP the *UNKC auction )NP )PP )VP )NP )PP )NP (VP were (VP sold , (PP at (NP (NP an average price )NP (PP of (NP $ *UNKN )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP The rest )NP (VP were (VP withdrawn (PP for (NP (NP lack )NP (PP of (NP acceptable bids )NP )PP )NP )PP )VP )VP . -RRB- )S  STOP
(S (ADVP *UNKC )ADVP , (NP Mr. Paul )NP (VP is (VP said (PP by (NP Mr. *UNKC )NP )PP (S (VP to (VP have (VP (VP *UNKED (NP (NP Mr. *UNKC )NP , (NP (NP the New York developer )NP (VP selling (NP the collection )NP )VP )NP , )NP )VP and (VP *UNKED )VP )VP )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP He )NP (VP says (SBAR (S (NP he )NP (VP ` *UNK (NP them )NP )VP )S )SBAR )VP )S , ' '' (VP recalls )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S `` And (NP he )NP (VP tells (NP me )NP , (S ` (SBAR If (S (NP you )NP (VP want (S (VP to (VP see (NP your paintings )NP )VP )VP )S )VP )S )SBAR , (NP you )NP (VP 'll (VP have (S (VP to (VP come (PP to (NP (NP my house )NP (PP in (NP Florida )NP )PP )NP )PP )VP )VP )S )VP )VP )S )VP . ' '' )S  STOP
(S (NP Mr. Paul )NP (VP denies (VP *UNKING and *UNKING )VP )VP . )S  STOP
(S `` (S (NP It )NP (VP 's (ADVP just )ADVP not (ADJP true )ADJP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP Mr. Paul )NP (VP (ADVP quickly )ADVP became (ADJP more aggressive (PP in (NP his collecting )NP )PP )ADJP , (PP with (NP (NP the help )NP (PP of (NP (NP George *UNKC )NP , (NP (NP (NP a Sotheby 's )NP expert )NP (PP in (NP old masters )NP )PP )NP (SBAR (WHNP whom )WHNP (S (NP he )NP (VP met (PP at (NP (NP an exhibition )NP (PP of (NP the *UNKC items )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP became (NP his principal adviser )NP )VP )S )SBAR , )NP (VP *UNKED (NP (NP *UNK )NP (PP in (NP London , Paris and *UNKC )NP )PP )NP )VP . )S  STOP
(S And , (PP according (PP to (NP one dealer )NP )PP )PP , (NP Mr. *UNKC )NP (VP had (NP (NP a *UNK )NP (PP for (S (VP introducing (NP Mr. Paul )NP (PP with (NP (NP the phrase )NP : (S `` (NP He )NP (VP can (VP buy (NP anything )NP )VP )VP )S )NP )PP )VP )S )PP )NP )VP . '' )S  STOP
(S (NP (NP Nicholas Hall )NP , (NP (NP the president )NP (PP of (NP (NP the *UNKC U.S.A. Ltd. gallery )NP (PP in (NP New York )NP )PP )NP )PP )NP , )NP (VP sold (NP Mr. Paul )NP (NP (NP `` (NP *UNKC and *UNKC )NP (PP in (NP the *UNKC )NP )PP '' )NP (PP by (NP Giovanni *UNKC *UNKC )NP )PP )NP )VP . )S  STOP
(S (NP Mr. Hall )NP (VP says (SBAR (S (NP Mr. Paul )NP `` (VP was (VP known (S (VP to (VP spend (NP (NP a lot )NP (PP of (NP money )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP People )NP (VP were (ADJP interested )ADJP (PP in (S (VP seeing (NP him )NP )VP )S )PP )VP )S , but (S (NP it )NP (VP was (VP recognized (SBAR that (S (NP the route )NP (VP was (PP through (NP (NP Sotheby 's )NP and (NP particularly George *UNKC )NP )NP )PP )VP )S )SBAR )VP )VP )S . '' )S  STOP
(S (NP Mr. Paul )NP (ADVP thus )ADVP (VP developed (NP a close , *UNK relationship )NP (PP with (NP (NP Sotheby 's )NP )NP )PP )VP . )S  STOP
(S (NP Mr. Paul )NP (VP was (ADJP eager (S (VP to (VP *UNK (NP a collection )NP (PP for (NP (NP the headquarters )NP (SBAR (S (NP CenTrust )NP (VP has (VP been (VP moving (PP into )PP (PP for (NP (NP the greater part )NP (PP of (NP a year )NP )PP )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP (NP Sotheby 's )NP , (NP (NP the auction house )NP (RRC (RRC (VP founded (PP in (NP London )NP )PP (NP *UNKN )NP )VP )RRC and (RRC (ADVP now )ADVP (PP under (NP (NP the *UNK )NP (PP of (NP (NP Sotheby 's )NP Holdings Inc. )NP )PP )NP )PP )RRC )RRC )NP , )NP (VP was (VP hoping (S (VP to (VP *UNK (PRT up )PRT (NP (NP interest )NP (PP in (NP old masters )NP )PP )NP (SBAR as (S (NP it )NP (VP *UNK (S (VP to (VP build (NP its U.S. business )NP )VP )VP )S )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (NP European dealers )NP (VP continued (S (VP to (VP dominate (NP (NP the action )NP (PP in (NP (NP old masters )NP , (SBAR (WHNP which )WHNP (S (NP (NP Sotheby 's )NP North America )NP (VP had (ADVP lately )ADVP (VP been (VP touting (PP in (NP this country )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (PP For (NP several months )NP )PP , (NP there )NP (VP was (NP optimism )NP (ADVP all around )ADVP )VP . )S  STOP
(S (NP Last October )NP , (NP Mr. Paul )NP (VP paid (PRT out )PRT (NP (NP (NP (QP $ 12 million )QP )NP (PP of (NP (NP CenTrust 's )NP cash )NP )PP )NP -- plus (NP (ADJP a (QP $ 1.2 million )QP )ADJP commission )NP -- )NP (PP for (NP (NP `` *UNKC )NP (PP of (NP (NP a Man )NP (PP as (NP *UNKC )NP )PP )NP )PP )NP )PP )VP . '' )S  STOP
(S (NP (NP The painting )NP , (VP attributed (PP to (NP *UNKC artist Peter Paul Rubens )NP )PP )VP , )NP (VP was (VP purchased (UCP (ADVP privately )ADVP (PP through (NP (NP Sotheby 's )NP )NP )PP )UCP , not (PP at (NP auction )NP )PP )VP )VP . )S  STOP
(S (PP In (NP (NP March )NP (NP 1989 )NP )NP )PP , (NP (NP (QP just 15 )QP months )NP (PP into (NP his campaign )NP )PP )NP , (NP Mr. Paul )NP (VP was (VP named (PP by (NP Art & *UNKC magazine )NP )PP (PP as (NP (NP one )NP (PP of (NP (NP the top 100 individual collectors )NP (PP in (NP the U.S. )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S `` (S (S (NP (NP An unknown *UNK )NP (PP to (NP (NP most )NP (PP of (NP the art world )NP )PP )NP )PP )NP )S , (NP Paul )NP (VP is (NP (NP no *UNK )NP (PP to (NP *UNK spending )NP )PP )NP )VP )S , '' (NP the magazine )NP (VP said , (S (VP noting (SBAR that (S (NP he )NP (VP (VP does n't (VP stop (PP at (NP (NP *UNK )NP (PP on (NP *UNK )NP )PP )NP )PP )VP )VP but (VP (ADVP also )ADVP spends (NP big )NP (PP on (NP (NP art )NP (SBAR (S (NP you )NP (VP can (VP eat )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S `` (S (NP He )NP (ADVP recently )ADVP (VP bid (NP $ 30,000 )NP (PP at (NP a Paris charity auction )NP )PP (PP for (NP (NP a dinner )NP (VP *UNKED (PP by (NP (NP six )NP (PP of (NP (NP the world 's )NP great *UNK )NP )PP )NP )PP )VP )NP )PP )VP )S , but (S (NP the final party )NP (VP cost (NP (QP closer to $ 100,000 )QP )NP )VP )S . '' )S  STOP
(S -LRB- (NP Mr. Paul )NP (VP says (SBAR (S (NP it )NP (VP was n't (ADJP that high )ADJP )VP )S )SBAR )VP . -RRB- )S  STOP
(S (NP The art collection )NP (VP might (VP have (VP come (S (VP to (VP rival (NP the *UNKC ' )NP )VP )VP )S (SBAR (SINV had (NP (NP the Florida comptroller 's )NP office )NP (VP not got (NP (NP wind )NP (PP of (NP (NP Mr. Paul 's )NP *UNK *UNK )NP )PP )NP )VP )SINV )SBAR )VP )VP )VP . )S  STOP
(S (PP In (NP (NP its letter )NP (PP to (NP him )NP )PP , (VP (VP dated (NP March 2 )NP )VP and (VP shared (PP with (NP reporters )NP )PP )VP )VP )NP )PP , (NP (NP Alex *UNKC )NP , (NP (NP the chief )NP (PP of (NP (NP the *UNK- bureau )NP (PP in (NP (NP the comptroller 's )NP office )NP )PP )NP )PP )NP , )NP (VP expressed (NP *UNK (SBAR that (S (NP the S&L )NP (VP could (VP be (ADJP so *UNK )ADJP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP had (VP reported (NP (NP losses )NP (PP of (NP (QP more than $ 13 million )QP )NP )PP )NP (PP in (NP its two preceding quarters )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The state )NP (VP gave (NP CenTrust )NP (NP (NP 30 days )NP (SBAR (S (VP to (VP sell (NP the Rubens )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP The comptroller 's )NP office )NP (ADVP eventually )ADVP (VP (VP extended (NP the deadline )NP (PP to (NP six months )NP )PP )VP but (VP *UNKED (NP its demands )NP , (S (VP ordering (SBAR that (S (NP (NP the `` book value )NP (PP of (NP the collection )NP )PP )NP (VP -LCB- be -RCB- (VP reduced (PP to (NP zero )NP )PP )VP )VP )S )SBAR )VP )S )VP )VP . '' )S  STOP
(S (PP In (NP other words )NP )PP : (VP Get (ADJP rid (PP of (NP all the pictures )NP )PP )ADJP )VP . )S  STOP
(S (NP The state )NP (VP (VP (ADVP *UNKLY )ADVP noted (SBAR that (S (NP *UNK banking practices )NP (VP are (NP (NP grounds )NP (PP for (S (VP removing (NP an officer or director )NP )VP )S )PP )NP )VP )S )SBAR )VP and (VP closed (PP with (NP (NP (NP the *UNK )NP (PP to (NP Mr. Paul )NP )PP )NP : (S `` (VP *UNKC (NP yourself )NP (ADVP *UNKLY )ADVP )VP )S )NP )PP )VP )VP . '' )S  STOP
(S (NP The state agency )NP (VP was (VP (ADVP particularly )ADVP *UNKED (S (VP to (VP learn (SBAR that (S (NP (NP the Rubens )NP and (NP (NP a *UNK- other paintings )NP (VP listed (PP among (NP (NP the bank 's )NP `` furniture and *UNK , '' )NP )PP )VP )NP )NP (VP were (ADVP actually )ADVP (VP hanging (PP in (NP (NP the chairman 's )NP house )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S (NP Mr. Paul )NP (VP says (SBAR (SBAR that (S (PP at (NP one point )NP )PP (NP he )NP (VP did (ADVP indeed )ADVP (VP have (NP (NP eight or nine )NP (PP of (NP the paintings )NP )PP )NP (PP at (NP home )NP )PP )VP )VP )S )SBAR and (SBAR that (S (NP the rest )NP (VP were (PP in (NP storage )NP )PP (PP at (NP (NP Sotheby 's )NP )NP )PP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (NP He )NP (VP explains (SBAR that (S (NP he )NP (VP was (VP `` (ADVP merely )ADVP *UNKING (NP the paintings )NP (PP at (NP home )NP )PP -- (PP with (NP some display )NP )PP -- (PP because of (NP (NP the special *UNKED environment '' )NP (VP required (PP for (NP their *UNKING )NP )PP )VP )NP )PP , (SBAR until (S (NP (NP CenTrust 's )NP new building )NP (VP was (ADJP ready (PP for (NP them )NP )PP )ADJP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Still )ADVP , (NP the incident )NP (VP was (ADJP embarrassing )ADJP )VP . )S  STOP
(S (NP It )NP (VP came (PP on (NP (NP the heels )NP (PP of (NP (NP a number )NP (PP of (NP (NP local newspaper articles )NP (VP suggesting (SBAR that (S (NP Mr. Paul )NP (VP has (VP benefited (ADVP *UNKLY )ADVP (PP from (NP (NP his association )NP (PP with (NP CenTrust )NP )PP )NP )PP )VP )VP )S )SBAR )VP )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S (PP For (NP instance )NP )PP , (NP he )NP (VP got (NP (NP a (ADJP (QP $ 3 million )QP )ADJP loan )NP )NP (PP from (NP the S&L )NP )PP , (VP negotiated (PP at (NP a *UNK- rate )NP )PP )VP )VP . )S  STOP
(S (NP He )NP (VP owns (NP (NP 43 % )NP (PP of (NP (NP CenTrust 's )NP shares )NP )PP )NP )VP . )S  STOP
(S (S (VP *UNKING (PP to (NP (NP Mr. Paul 's )NP problems )NP )PP )VP )S , (NP (NP dealers )NP (PRN -LRB- (NP (NP some )NP (PP with (NP vested interests )NP )PP )NP -RRB- )PRN )NP (VP insist (SBAR that (S (NP (NP he )NP , (VP relying (ADVP rather too heavily )ADVP (PP on (NP (NP Sotheby 's )NP advice )NP )PP )VP , )NP (VP paid (NP much too much )NP (PP for (NP (NP several pieces )NP (PP in (NP the CenTrust collection )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The (QP $ 12 million )QP )NP (VP *UNKED (PP on (NP the Rubens )NP )PP )VP )NP , (PP for (NP example )NP )PP , (VP was (NP (NP (NP a record price )NP (PP for (NP the artist )NP )PP )NP and (NP (NP maybe twice its value )NP , (PP given (NP (NP a dispute )NP (PP among (NP scholars )NP )PP (PP about (NP its *UNK )NP )PP )NP )PP )NP )NP )VP . )S  STOP
(S (NP (NP David *UNKC )NP , (NP (NP the president )NP (PP of (NP (NP David *UNKC Inc. )NP , (NP a New York gallery )NP , )NP )PP )NP )NP (VP says (SBAR (S (NP scholars )NP (VP question (NP (NP the *UNK )NP (PP of (NP the Rubens )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP may (VP have (VP been (VP painted (ADVP instead )ADVP (PP by (NP a Rubens associate )NP )PP )VP )VP )VP )VP . )S  STOP
(S `` (S (NP (NP The feeling )NP (PP among (NP (NP many experts )NP (PP on (NP the commercial side )NP )PP )NP )PP )NP (VP is (SBAR that (S (NP (NP the price )NP (VP paid (PP at (NP the time )NP )PP )VP )NP (VP was (ADJP excessive )ADJP (PP in (NP any event )NP )PP )VP )S )SBAR )VP )S , '' (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S `` (NP It )NP (VP sounds (SBAR like (S (PP with (NP the Rubens )NP )PP (NP he )NP (VP got (VP (ADVP absolutely )ADVP taken (PP to (NP the *UNK )NP )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP Victor *UNKC )NP , (NP (NP the executive director )NP (PP of (NP (NP the *UNKC Association )NP (PP of (NP America )NP )PP )NP )PP )NP , )NP (VP (VP agrees (SBAR that (S (NP Mr. Paul )NP (VP paid (ADVP very *UNKLY )ADVP (PP for (NP the Rubens )NP )PP )VP )S )SBAR )VP and (VP adds (SBAR that (S (S (VP getting (ADJP rid (PP of (NP it )NP )PP )ADJP (ADVP (NP any time )NP soon )ADVP (PP for (NP a similar sum )NP )PP )VP )S (VP would (VP be (NP quite a *UNK )NP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S `` (S (NP (NP It )NP )NP (VP 's not (PP beyond (NP credibility )NP )PP (SBAR (S (NP the Rubens )NP (VP will (NP someday )NP (VP be (ADJP worth (NP (QP $ 12 million )QP )NP )ADJP )VP )VP )S )SBAR )VP )S , but (S (SBAR whether (S (NP it )NP (VP could (VP be (VP sold (PP for (NP that amount )NP )PP (NP tomorrow )NP )VP )VP )VP )S )SBAR (VP remains (S (VP to (VP be (VP seen )VP )VP )VP )S )VP )S . '' )S  STOP
(S (ADVP Still )ADVP , (NP predicting )NP (VP is (ADJP tricky )ADJP )VP . )S  STOP
(S `` (NP I )NP (VP 'm (ADVP forever )ADVP (VP *UNKED (PP by (SBAR (WHNP what )WHNP (S (NP I )NP (VP see (S (VP making (NP these high prices )NP )VP )S )VP )S )SBAR )PP )VP )VP . '' )S  STOP
(S (NP (NP Jonathan H. *UNKC )NP , (NP (NP the son )NP (PP of (NP (NP (NP the painting 's )NP former owner )NP , (NP Mrs. *UNKC *UNKC )NP , )NP )PP )NP )NP (VP *UNK (NP the price talk )NP (PP as (NP `` sour *UNK )NP )PP )VP . '' )S  STOP
(S (NP (NP Dealers )NP (ADJP *UNK (PP of (NP the purchase price )NP )PP )ADJP )NP (PRN , (S (NP he )NP (VP says )VP )S , )PRN (VP (VP were (NP themselves )NP (NP (ADJP interested (PP in (S (VP buying (NP the Rubens )NP )VP )S )PP )ADJP )NP )VP but (VP lost (PRT out )PRT )VP )VP . )S  STOP
(S (NP Mr. Paul )NP , (PP for (NP his part )NP )PP , (VP *UNK (NP the Rubens price )NP , (S (VP saying (SBAR (S (NP (NP a lot )NP (PP of (NP the experts )NP )PP )NP (VP have (ADVP never )ADVP (VP seen (NP (NP the thing )NP (NP itself )NP )NP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S `` (S (NP (NP Most )NP (PP of (NP them )NP )PP )NP (VP were n't (ADVP even )ADVP (VP born (NP (NP the last time )NP (SBAR (S (NP the painting )NP (VP was (VP displayed (ADVP publicly )ADVP )VP )VP )S )SBAR )NP )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (S (NP Art prices )NP (VP are (VP *UNKING )VP )VP )S , but (S (NP (NP a good deal )NP (PP of (NP *UNK )NP )PP )NP (VP is (VP involved (PP in (S (VP *UNKING (NP (NP statistics )NP (PP on (NP sales )NP )PP )NP )VP )S )PP )VP )VP )S . )S  STOP
(S (NP (NP Salomon Brothers Inc. )NP , (NP the investment-banking firm )NP , )NP (PP in (NP (NP its annual *UNKLY )NP (PP of (NP investment returns )NP )PP )NP )PP , (VP reported (SBAR that (S (NP old masters )NP (VP *UNKED (NP (NP 51 % )NP )NP (PP in (NP (NP the year )NP (VP ended (NP June 1 )NP )VP )NP )PP , (NP (NP the greatest return )NP (PP of (NP (NP any )NP (PP of (NP (NP 13 assets )NP (SBAR (S (NP it )NP (VP tracked )VP )S )SBAR )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S -LRB- (NP (NP *UNKC and modern paintings )NP , (VP not tracked (PP by (NP Salomon )NP )PP )VP , )NP (VP are (VP ranked (ADVP even higher )ADVP (PP at (NP 74 % )NP )PP (PP by (NP Sotheby 's )NP )PP )VP )VP . -RRB- )S  STOP
(S (NP Salomon )NP , (ADVP *UNK )ADVP , (VP gets (NP (NP its data )NP (PP on (NP art appreciation )NP )PP )NP (PP from (NP (NP Sotheby 's )NP , (SBAR (WHNP whose prices )WHNP (S (VP go (PRT up )PRT (PP with (NP (NP clients )NP (PP like (NP Mr. Paul )NP )PP (PP in (NP its *UNK )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The *UNK )NP (VP *UNK (PP from (NP consideration )NP )PP (NP (NP the many paintings )NP (SBAR (WHNP that )WHNP (S (VP go (S (VP *UNKING (PP at (NP auction )NP )PP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Art indexes )NP (VP track (NP (NP winners )NP , not (NP losers )NP )NP )VP . )S  STOP
(S But (NP (NP art )NP (SBAR (WHNP that )WHNP (S (VP has (VP fallen (ADVP sharply )ADVP (PP in (NP value )NP )PP )VP )VP )S )SBAR )NP (VP is (VP (ADVP rarely )ADVP put (PP up (PP for (NP sale )NP )PP )PP )VP )VP . )S  STOP
(S (ADVP Also )ADVP , (PP at (NP (NP any )NP (PP of (NP (NP (NP Sotheby 's )NP *UNK )NP (PP of (NP old masters )NP )PP )NP )PP )NP )PP , (NP (NP roughly (QP one-third to *UNK- )QP )NP (SBAR (WHPP of (WHNP what )WHNP )WHPP (S (VP is (VP offered )VP )VP )S )SBAR )NP (VP does n't (VP sell (PP at (NP any price )NP )PP )VP )VP . )S  STOP
(S (S (NP It )NP (VP 's not (SBAR that (S (NP there )NP (VP are n't (NP any bids )NP )VP )S )SBAR )VP )S , but (S (NP the bids )NP (VP do n't (VP meet (NP (NP the minimum `` reserve '' prices )NP (VP set (PP by (NP the sellers )NP )PP )VP )NP )VP )VP )S . )S  STOP
(S (PP In (NP January )NP )PP , (NP (NP the *UNKC painting )NP (SBAR (WHNP that )WHNP (S (ADVP now )ADVP (VP *UNK (PP at (NP CenTrust )NP )PP )VP )S )SBAR )NP (VP was (VP expected (S (VP to (VP bring (NP (QP no more than $ *UNKN )QP )NP (PP at (NP auction )NP )PP )VP )VP )S (SBAR until (S (NP Mr. Paul )NP (VP came (ADVP along )ADVP (PP with (NP his (QP $ 1.15 million )QP )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Mr. Hall )NP (PP of (NP the *UNKC gallery )NP )PP )NP (VP says (SBAR (S (NP (QP $ 1.15 million )QP )NP `` (VP would (VP have (VP been (NP (NP an impossible price )NP (SBAR for (S (NP anyone )NP (VP to (VP ask (PP for (NP a *UNKC )NP )PP (ADVP (NP four years )NP ago )ADVP )VP )VP )S )SBAR )NP )VP )VP )VP )S )SBAR )VP . '' )S  STOP
(S But (PP from (NP his *UNK point )NP )PP , (NP it )NP (VP is n't (SBAR that (S (NP (NP Mr. Paul )NP , (NP (NP (NP a customer )NP (PP of (NP his )NP )PP )NP (ADVP too )ADVP )NP , )NP (VP *UNK (PP for (NP (NP the work )NP , (NP (NP `` a *UNK painting )NP (PP by (NP (NP an artist )NP (SBAR (WHNP who )WHNP (S (VP is not (NP a household word )NP )VP )S )SBAR )NP )PP )NP )NP )PP )VP )S )SBAR )VP . '' )S  STOP
(S -LRB- (NP The painting )NP (VP is (ADJP (ADJP (NP 10 feet )NP wide )ADJP , (ADJP (NP seven feet )NP high )ADJP )ADJP )VP . -RRB- )S  STOP
(S (ADVP Rather )ADVP , `` (NP It )NP (ADVP just )ADVP (VP shows (SBAR (S (NP things )NP (VP have (VP changed )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Mr. Paul )NP (VP boasts (SBAR that (S (NP he )NP (VP spotted (NP (NP bargains )NP (PP in (NP old masters )NP )PP )NP )VP (SBAR just before (S (NP they )NP (VP took (NP an upward turn )NP )VP )S )SBAR )S )SBAR )VP . )S  STOP
(S `` (S (S (NP They )NP (VP went (PP up (NP 51 % )NP (NP last year )NP )PP )VP )S , and (S (NP they )NP (VP 'll (VP do (NP it )NP (ADVP again )ADVP (NP this year )NP )VP )VP )S )S , '' (NP he )NP (VP declares )VP . )S  STOP
(S `` (NP They )NP (VP were (NP a *UNK )NP )VP . )S  STOP
(S (NP Everybody )NP (VP was (ADVP out (S (VP buying (NP *UNKC )NP )VP )S )ADVP )VP . '' )S  STOP
(S (NP (NP Sotheby 's )NP vice president *UNKC *UNKC )NP (VP says (SBAR (S (NP the auction house )NP (VP has (VP been (VP `` *UNKING '' (NP Mr. Paul )NP (PP in (S (VP selling (NP the paintings )NP )VP )S )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S And (SBAR while (S (NP (NP (NP (NP Sotheby 's )NP chief rivals )NP (PP in (NP the art world )NP )PP )NP , (NP private art dealers )NP , )NP `` (VP wo n't (VP be (ADJP happy (S (VP to (VP hear (NP it )NP )VP )VP )S )ADJP )VP )VP )S )SBAR (PRN , '' (S (NP she )NP (VP adds )VP )S , )PRN `` (NP (NP a number )NP (PP of -LCB- (NP the *UNK )NP -RCB- )PP )NP (VP have (ADVP already )ADVP (VP been (VP (VP sold )VP , and (VP (PP at (NP a substantial profit )NP )PP )VP )VP )VP )VP . '' )S  STOP
(S (NP Mr. Paul )NP (VP claims (S (VP to (VP have (VP sold (NP three paintings )NP , (PP at (NP (NP more )NP (PP than (NP a (ADJP 10 % )ADJP profit )NP )PP )NP )PP )VP )VP )VP )S )VP . )S  STOP
(S (S (NP That )NP (VP is n't (NP 51 % )NP )VP )S , and (S (NP the claim )NP (VP is n't (VP *UNKED )VP )VP )S . )S  STOP
(S (NP He )NP (ADVP *UNK )ADVP (VP denies (SBAR that (S (NP he )NP (VP relied (ADVP too heavily )ADVP (PP on (NP (NP Sotheby 's )NP or (NP Mr. *UNKC )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Paul )NP (VP says (SBAR (SBAR (S (NP he )NP (VP had (NP (NP not one )NP but (NP four )NP (NX advisers )NX )NP )VP )S )SBAR and (SBAR that (S (NP he )NP (ADVP never )ADVP (VP bid (ADVP *UNKLY )ADVP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (PP After (NP all )NP )PP , (NP he )NP (VP had (NP (NP the counsel )NP (PP of (NP `` (NP *UNK )NP (PP from (NP (NP the (ADJP most reputable )ADJP *UNK )NP (PP in (NP the world )NP )PP )NP )PP )NP )PP )NP )VP . '' )S  STOP
(S (NP He )NP (VP says (SBAR (S (NP he )NP (VP expects (S (VP to (VP sell (NP (NP the collection )NP -- (PP including (NP the controversial Rubens )NP )PP -- )NP `` (ADVP carefully and *UNKLY )ADVP , (SBAR just as (S (NP it )NP (VP was (VP put (PRT together )PRT )VP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP . '' )S  STOP
(S But (PP in (NP *UNK- *UNK )NP )PP , (NP (NP Mr. Paul 's )NP holdings )NP (VP are (ADJP `` *UNK )ADJP )VP . '' )S  STOP
(S (FRAG (S (NP That )NP (VP is )VP )S )FRAG , (S (NP he )NP (VP (VP is (VP being (VP *UNKED (S (VP to (VP put (NP them )NP (PP on (NP the market )NP )PP (ADVP too soon )ADVP )VP )VP )S )VP )VP )VP , and (VP has (ADVP already )ADVP (VP gotten (NP (NP offers )NP (SBAR (WHNP that )WHNP (S (VP are (ADJP (ADJP less )ADJP (SBAR than (S (NP he )NP (VP paid (PP for (NP (NP some )NP (PP of (NP the art works )NP )PP )NP )PP )VP )S )SBAR )ADJP )VP )S )SBAR )NP )VP )VP )VP )S . )S  STOP
(SINV `` (S (PP After (NP a few years )NP )PP , (NP you )NP (VP can (VP argue (SBAR (S (NP there )NP (VP has (VP been (NP natural appreciation )NP )VP )VP )S )SBAR )VP )VP )S , '' (VP says )VP (NP (NP Susan *UNKC )NP , (NP (NP the publisher )NP (PP of (NP (NP Leonard 's )NP (NP (NP *UNKC Price Index )NP (PP of (NP Art *UNKC )NP )PP )NP )NP )PP )NP )NP . )SINV  STOP
(S (S But (NP (NP quick turnover )NP (PP in (NP *UNK )NP )PP )NP (VP is (PP `` like (S (VP *UNKING (NP your jewelry )NP )VP )S )PP )VP )S -- (S (NP you )NP (VP end (PRT up )PRT (PP with (NP 50 % )NP )PP )VP )S . )S  STOP
(S (NP People )NP (VP (VP hold (PRT out )PRT )VP and (VP try (S (VP to (VP get (NP a bargain )NP )VP )VP )S )VP )VP . '' )S  STOP
(S (NP Sotheby 's )NP (VP *UNK (NP (NP itself )NP and (NP Mr. Paul )NP )NP (PP in (NP the matter )NP )PP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP says (SBAR (S (NP Mr. Paul )NP (VP was (NP (NP a quick study )NP (SBAR (WHNP who )WHNP (S (VP (VP worked (ADVP *UNKLY )ADVP )VP and (VP bought (NP (NP the best pictures )NP (ADJP available (PP at (NP the moment )NP )PP )ADJP )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S `` (S (PP On (NP *UNK )NP )PP , (NP he )NP (VP paid (NP a high price )NP )VP )S (PRN , '' (S (NP Mr. Wachter )NP (VP concedes )VP )S , )PRN but (S (NP he )NP (VP says (SBAR (S (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP (VP bid (NP less )NP )VP and (VP dropped (PRT out )PRT )VP )VP )S )SBAR )NP (VP were (NP (NP dealers )NP (SBAR (WHNP who )WHNP (S (VP would (ADVP then )ADVP (VP have (VP marked (PRT up )PRT (NP the paintings )NP (S (VP to (VP *UNK (NP them )NP (PP at (NP a profit )NP )PP (PP to (NP collectors )NP )PP )VP )VP )S )VP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )S . )S  STOP
(S (NP (NP *UNKC *UNKC *UNKC )NP , (NP (NP a *UNK- *UNK )NP (PP at (NP (NP *UNKC Associates )NP (PP in (NP San Francisco )NP )PP )NP )PP )NP , )NP (VP considers (S (NP (NP it )NP )NP `` (NP (NP *UNK conflict )NP (PP of (NP interest )NP )PP )NP (SBAR for (S (NP an auction house )NP (VP (VP to both (VP advise (NP a client )NP (PP on (NP purchases )NP )PP )VP )VP and (VP to (VP set (NP price estimates )NP (PP on (NP (NP the paintings )NP (SBAR (S (VP to (VP be (VP purchased )VP )VP )VP )S )SBAR )NP )PP )VP )VP )VP )S )SBAR )S )VP . '' )S  STOP
(S (NP Sotheby 's )NP (PRN , (S (NP she )NP (VP says )VP )S , )PRN (VP is (VP `` wearing (NP both hats )NP )VP )VP . '' )S  STOP
(SINV `` (S (NP I )NP (VP ca n't (VP see (SBAR (WHADVP why )WHADVP (S (NP there )NP (VP would (VP be (NP (NP a conflict )NP (PP of (NP interest )NP )PP )NP )VP )VP )S )SBAR )VP )VP )S , '' (VP says )VP (NP (NP Sotheby 's )NP Ms. *UNKC )NP . )SINV  STOP
(S `` (NP Estimates )NP (VP (VP are (VP based (PP on (NP (NP the previous price )NP (PP of (NP (NP (NP similar works )NP (VP sold (PP at (NP auction )NP )PP )VP )NP and (NP current market conditions )NP )NP )PP )NP )PP )VP )VP , and (VP are not (ADJP affected (PP by (NP (NP any knowledge )NP (PP of (SBAR (WHNP who )WHNP (S (NP the potential buyer )NP (VP could (VP be )VP )VP )S )SBAR )PP )NP )PP )ADJP )VP )VP . '' )S  STOP
(S (S (ADVP *UNKLY )ADVP , (NP clients )NP (VP (VP express (NP (NP interest )NP (PP in (NP paintings )NP )PP )NP )VP but (VP do n't (VP end (PRT up )PRT (S (VP bidding )VP )S )VP )VP )VP )S (PRN , (S (NP she )NP (VP adds )VP )S , )PRN (S `` so (NP we )NP (VP do n't (VP know (SBAR (WHNP who )WHNP (S (NP the potential buyer )NP (VP will (VP be )VP )VP )S )SBAR )VP )VP )S . '' )S  STOP
(S (NP Mr. Paul )NP , (PP in (S (VP selling (PRT off )PRT (NP his paintings )NP )VP )S )PP , (VP is (VP seeking (NP (NP (ADVP at least )ADVP a (ADJP 15 % )ADJP return )NP (PP on (NP (NP the bank 's )NP investment )NP )PP )NP , (SBAR so as (S (VP to (VP prove (SBAR that (S (NP the venture )NP (VP was (ADJP sound )ADJP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Mr. Paul )NP (VP says (SBAR (SBAR that (S (NP he )NP (VP has (NP (NP *UNK )NP (ADJP out (PP over (NP (NP much )NP (PP of (NP the *UNK )NP )PP )NP )PP )ADJP )NP )VP )S )SBAR and (SBAR that (S (NP (NP potential buyers )NP (PP from (PP as (ADVP far away (PP as (NP Japan and Italy )NP )PP )ADVP )PP )PP )NP (VP have (VP *UNKED (NP the collection )NP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (PP Because of (NP (NP the pressure )NP (PP on (NP CenTrust )NP )PP (S (VP to (VP sell )VP )VP )S )NP )PP , (NP dealers and collectors )NP (VP have (VP been (VP trying (S (VP to (VP get (NP the paintings )NP (PP at (NP *UNK- prices )NP )PP )VP )VP )S )VP )VP )VP . )S  STOP
(S But (ADVP so far )ADVP , (NP (NP Mr. Paul )NP and (NP his advisers )NP )NP (VP are (VP holding (S (ADVP fast )ADVP )S )VP )VP . )S  STOP
(S (NP (NP One dealer )NP , (NP (NP Martin *UNKC )NP (PP of (NP (NP French & Co. )NP (PP in (NP New York )NP )PP )NP )PP )NP , )NP (VP says (SBAR (S (NP he )NP `` (VP would (VP have (VP loved (S (VP to (VP buy '' (NP a *UNKC *UNKC de *UNKC painting )NP (PP from (NP the bank )NP )PP )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP I )NP (VP tried (S (VP (VP to (VP steal (NP the picture )NP )VP )VP (PRN -- (VP to (VP buy (NP it )NP (ADVP *UNKLY )ADVP )VP )VP -- )PRN )VP )S )VP )S and (S -LCB- (NP Sotheby 's )NP -RCB- (VP would n't (VP do (NP it )NP )VP )VP )S . )S  STOP
(S (NP They )NP (VP were (VP protecting (NP his interests )NP )VP )VP . '' )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP Mr. Paul )NP and (NP CenTrust executives )NP )NP (VP are (VP getting (ADJP *UNK (PP about (NP *UNK )NP )PP )ADJP )VP )VP . )S  STOP
(SINV (S (NP Mr. Paul )NP (VP has (VP been (VP characterized (PP as (NP `` (NP the Great *UNKC )NP or (NP something )NP )NP )PP )VP )VP )VP )S , '' (VP complains )VP (NP (NP Karen E. *UNKC )NP , (NP (NP an executive vice president )NP (PP of (NP CenTrust )NP )PP )NP )NP . )SINV  STOP
(S (NP The media )NP (PRN , (S (NP she )NP (VP says )VP )S , )PRN (VP have (VP *UNKED (NP his personal life )NP )VP )VP . )S  STOP
(S (NP Mr. Paul )NP (VP *UNK (PP in (NP agreement )NP )PP )VP . )S  STOP
(S `` (S (NP I )NP (VP do n't (VP think (SBAR (S (NP I )NP (VP have (NP (NP a life style )NP (SBAR (WHNP that )WHNP (S (VP is , (ADVP *UNKLY )ADVP , (ADJP so flamboyant )ADJP )VP )S )SBAR )NP )VP )S )SBAR )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S But (PP at (NP just that moment )NP )PP , (NP he )NP (VP is (VP *UNKED (PP in (NP his office )NP )PP (PP by (NP (NP (NP a *UNK )NP (PP in (NP *UNK )NP )PP )NP (SBAR (WHNP who )WHNP (S (VP (VP *UNK (NP (NP coffee )NP (PP from (NP silver )NP )PP )NP (PP into (NP (NP a cup )NP (PP of (NP *UNK )NP )PP )NP )PP )VP and (VP *UNK (NP the *UNK )NP (PP with (NP *UNK )NP )PP )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP Mr. Paul )NP (VP says , (SBAR (S (INTJ yes )INTJ , (NP (NP the ceiling )NP (PP in (NP his executive *UNK )NP )PP )NP (VP is (NP *UNK- *UNK )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The offices )NP (VP are (VP done (PP in (NP (NP (NP *UNK )NP and (NP *UNK *UNK )NP )NP , (NP *UNK books )NP and , (PP of (NP course )NP )PP , (NP a (ADJP (QP $ 12 million )QP )ADJP Rubens )NP )NP )PP )VP )VP . )S  STOP
(S But (NP he )NP (VP *UNK (SBAR that (S (NP the *UNK )NP (VP be (VP played (PRT down )PRT )VP )VP )S )SBAR )VP . )S  STOP
(S `` (VP Do n't (VP say (SBAR (S (NP it )NP (VP 's (NP a gold ceiling )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (ADVP Just )ADVP (VP say (SBAR (S (NP the offices )NP (VP are (ADJP *UNKLY appointed )ADJP )VP )S )SBAR )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (S (ADVP Otherwise )ADVP , (NP the regulators )NP (VP will (VP take (NP it )NP (PP for (NP *UNK )NP )PP )VP )VP )S , and (S (ADVP *UNK )ADVP (NP everything )NP (VP 's (VP got (S (VP to (VP be (ADJP *UNK )ADJP )VP )VP )S )VP )VP )S . '' )S  STOP
(S (NP *UNKC )NP (VP do n't (VP include (NP (NP taxes )NP or (NP transaction costs )NP )NP )VP )VP . )S  STOP
(S (NP (NP Companies )NP (VP listed (ADVP below )ADVP )VP )NP (VP reported (NP (NP quarterly profit )NP (ADJP substantially different (PP from (NP (NP the average )NP (PP of (NP (NP analysts ' )NP estimates )NP )PP )NP )PP )ADJP )NP )VP . )S  STOP
(S (NP The companies )NP (VP (VP are (VP followed (PP by (NP (QP at least three )QP analysts )NP )PP )VP )VP , and (VP had (NP (NP a minimum five-cent change )NP (PP in (NP (NP actual earnings )NP (PP per (NP share )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP (ADJP Estimated and actual )ADJP results )NP (VP involving (NP losses )NP )VP )NP (VP are (VP omitted )VP )VP . )S  STOP
(S (NP The percent difference )NP (VP compares (NP actual profit )NP (PP with (NP (NP the 30-day estimate )NP (SBAR (WHADVP where )WHADVP (S (NP (QP at least three )QP analysts )NP (VP have (VP issues (NP forecasts )NP (PP in (NP the past 30 days )NP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (ADVP Otherwise )ADVP , (NP actual profit )NP (VP is (VP compared (PP with (NP the 300-day estimate )NP )PP )VP )VP . )S  STOP
(S -LCB- (PP During (NP its centennial year )NP )PP , (NP The Wall Street Journal )NP (VP will (VP report (NP (NP events )NP (PP of (NP the past century )NP )PP (SBAR (WHNP that )WHNP (S (VP stand (PP as (NP (NP milestones )NP (PP of (NP American business history )NP )PP )NP )PP )VP )S )SBAR )NP )VP )VP . -RCB- )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (PP (ADVP mostly )ADVP by (NP *UNK )NP )PP , )NP (VP forced (S (NP *UNKC )NP (VP to (VP change (NP (NP their way )NP (PP of (S (VP setting (NP (NP (NP standards )NP (SBAR (S (VP to (VP be (VP followed (PP by (NP (NP corporations )NP (VP reporting (NP financial results )NP )VP )NP )PP )VP )VP )VP )S )SBAR )NP , (NP (NP standards )NP (SBAR (WHNP that )WHNP (S (VP had (VP become (ADJP all too flexible )ADJP )VP )VP )S )SBAR )NP )NP )VP )S )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP The new Financial Accounting *UNKC Board )NP (PRN -LRB- (NP FASB )NP -RRB- )PRN )NP (VP was (VP created (PP in (NP 1972 )NP )PP (S (VP to (VP replace (NP (NP the Accounting *UNKC Board )NP (PP of (NP (NP the American Institute )NP (PP of (NP *UNKED Public *UNKC )NP )PP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP All )NP (PP of (NP (NP the former board 's )NP members )NP )PP )NP (VP were (NP *UNKC )NP , (S (VP *UNKING (NP *UNK- criticism )NP (SBAR because (S (NP they )NP (VP were (VP writing (NP rules )NP (SBAR while (S (VP handling (NP (NP clients ' )NP books )NP (PP at (NP the same time )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (S (NP (NP The new board 's )NP *UNK- structure )NP (VP kept (NP four *UNKC )NP )VP )S , but (S (NP the others )NP (VP were (PP from (NP industry and *UNK )NP )PP )VP )S . )S  STOP
(S (NP (NP Francis M. Wheat )NP , (NP a former Securities and Exchange Commission member )NP , )NP (VP headed (NP (NP the panel )NP (SBAR (WHNP that )WHNP (S (VP had (VP (VP studied (NP the issues )NP (PP for (NP a year )NP )PP )VP and (VP proposed (NP the FASB )NP (PP on (NP (NP March 30 )NP , (NP 1972 )NP )NP )PP )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP The former board )NP (VP had (VP produced (NP `` (NP 21 opinions )NP and (NP 1,000 critics )NP '' )NP (PP in (NP its 12-year life )NP )PP )VP )VP )S , (NP its chairman )NP (VP had (VP conceded )VP )VP . )S  STOP
(S (NP (NP The climate )NP )NP (VP was (ADJP right )ADJP (PP for (NP the new FASB )NP )PP )VP . )S  STOP
(S (PP In (NP the late 1960s )NP )PP (NP some *UNKC )NP (VP failed (S (VP to (VP correct (NP (NP such abuses )NP (PP as (S (NP clients )NP (VP picking (NP (NP *UNK rules )NP (SBAR (WHNP that )WHNP (S (VP *UNKED (NP (NP earnings )NP and (NP stock prices )NP )NP )VP )S )SBAR )NP )VP )S )PP )NP )VP )VP )S )VP . )S  STOP
(S And (PP in (NP November 1970 )NP )PP (NP Congress )NP (VP had (VP passed (NP a special act )NP (S (VP to (VP *UNK (NP one board rule )NP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP Also )ADVP , (NP (NP James Needham )NP , (NP an SEC commissioner )NP , )NP (PP in (NP April 1972 )NP )PP (VP had (VP warned (SBAR that (S (NP the industry )NP (VP might (VP face (NP (NP a `` federal agency )NP (VP writing (NP accounting rules )NP '' )VP )NP (SBAR if (S (NP they )NP (VP rejected (NP the FASB idea )NP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP (NP *UNKC )NP (PP of (NP the books )NP )PP )NP , (VP dubbed (S (NP `` figure *UNK )NP )S )VP , '' )NP (VP *UNKED (NP the threat )NP )VP . )S  STOP
(S (NP The FASB )NP (VP had (NP its initial meeting )NP (PP on (NP (NP March 28 )NP , (NP 1973 )NP )NP )PP )VP . )S  STOP
(S (S (PP On (NP (NP Dec. 13 )NP , (NP 1973 )NP )NP )PP , (NP it )NP (VP issued (NP its first rule )NP )VP )S ; (S (NP it )NP (VP required (S (NP companies )NP (VP to (VP disclose (NP (NP foreign currency *UNK )NP (PP in (NP U.S. dollars )NP )PP )NP )VP )VP )S )VP )S . )S  STOP
(S (S (NP The FASB )NP (PP since (ADVP then )ADVP )PP (VP has (VP issued (NP 102 rules )NP )VP )VP )S , and (S (NP some )NP (ADVP still )ADVP (VP *UNK (NP industry )NP )VP )S . )S  STOP
(S (PP Since (NP late 1987 )NP )PP , (PP for (NP example )NP )PP , (NP it )NP (VP has (VP put (PRT off )PRT (NP (NP a rule )NP (VP dealing (PP with (NP *UNKED income taxes )NP )PP )VP )NP (PP because of (NP (NP the continuing controversy )NP (PP over (NP the issue )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP *UNKC Industrial Corp. )NP (VP said (SBAR (S (NP it )NP (VP plans (S (VP to (VP repurchase (NP (NP 500,000 shares )NP , or (NP (NP (QP about 7 )QP % )NP (PP of (NP (NP its shares )NP (ADJP outstanding )ADJP )NP )PP )NP , )NP (PP in (NP open market transactions )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The metal products concern )NP (ADVP currently )ADVP (VP has (NP (NP (QP 7.2 million )QP common shares )NP (ADJP outstanding )ADJP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP (VP (ADVP previously )ADVP had (VP said (SBAR (S (NP it )NP (VP planned (S (VP to (VP repurchase (NP shares )NP )VP )VP )S )VP )S )SBAR )VP )VP , but (VP did n't (VP disclose (UCP (FRAG (WHADVP when )WHADVP )FRAG or (SBAR (WHNP (ADJP (WHADVP how )WHADVP many )ADJP shares )WHNP (S (NP it )NP (VP intended (S (VP to (VP buy (PRT back )PRT )VP )VP )S )VP )S )SBAR )UCP )VP )VP )VP . )S  STOP
(S (NP The company )NP (VP named (NP *UNKC Read & Co. )NP (PP as (NP (NP its exclusive agent )NP (PP for (NP the stock buy-back program )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP A seat )NP (PP on (NP (NP the Chicago Board )NP (PP of (NP Trade )NP )PP )NP )PP )NP (VP was (VP sold (PP for (NP $ *UNKN )NP )PP , (ADVP down (NP $ 5,000 )NP (PP from (NP the previous sale )NP (NP last Tuesday )NP )PP )ADVP )VP )VP . )S  STOP
(S (NP Seats )NP (ADVP currently )ADVP (VP are (VP quoted (PP at (NP (NP (NP $ *UNKN )NP (VP bid )VP )NP , (NP (NP $ *UNKN )NP (VP asked )VP )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The record price )NP (PP for (NP (NP a full membership )NP (PP on (NP the exchange )NP )PP )NP )PP )NP (VP is (NP $ *UNKN )NP , (S (VP set (NP (NP Aug. 31 )NP , (NP 1987 )NP )NP )VP )S )VP . )S  STOP
(S (NP An associate member seat )NP (VP was (VP sold (PP for (NP $ *UNKN )NP )PP , (ADVP up (NP $ 8,000 )NP (PP from (NP the previous sale )NP (NP Oct. 4 )NP )PP )ADVP )VP )VP . )S  STOP
(S (NP *UNKC member seats )NP (ADVP currently )ADVP (VP are (VP quoted (PP at (NP (NP (NP $ *UNKN )NP (VP bid )VP )NP , (NP (NP $ *UNKN )NP (VP asked )VP )NP )NP )PP )VP )VP . )S  STOP
(S (NP (NP The record price )NP (PP for (NP associate membership )NP )PP )NP (VP is (NP $ *UNKN )NP , (S (VP set (NP Aug. 30 , 1988 )NP )VP )S )VP . )S  STOP
(S (NP *UNKC Industries Ltd. )NP (VP said (SBAR (S (NP its *UNKC *UNKC *UNKC division )NP (VP was (VP awarded (NP (NP a contract )NP )NP (PP by (NP the U.S. Army )NP )PP (PP for (NP (NP two helicopter *UNK )NP , (SBAR (WHNP which )WHNP (S (NP the company )NP (VP valued (PP at (NP (NP (QP as much as 37 million )QP Canadian dollars )NP (PRN -LRB- (NP (QP US$ *UNKN million )QP )NP -RRB- )PRN )NP )PP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP (NP the fixed price )NP (PP for (NP (NP the first )NP (PP of (NP the *UNKC *UNKC combat mission *UNK )NP )PP )NP )PP )NP (VP is (NP (QP C$ 19 million )QP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP is (VP scheduled (PP for (NP delivery )NP )PP (PP in (NP late 1991 )NP )PP )VP )VP . )S  STOP
(S (NP (NP The price )NP (PP of (NP the second *UNK )NP )PP )NP (VP ranges (PP between (NP (NP (QP C$ *UNKN million )QP )NP and (NP (QP C$ 18 million )QP )NP )NP )PP (PRN , (S (NP *UNKC )NP (VP said )VP )S , )PRN (S (VP depending (PP on (SBAR (WHADVP when )WHADVP (S (NP the Army )NP (VP exercises (NP its option )NP )VP )S )SBAR )PP )VP )S )VP . )S  STOP
(S (NP *UNKC )NP (VP is (NP (NP a Toronto-based maker )NP (PP of (NP (NP commercial and military aircraft *UNK )NP and (NP training equipment )NP )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC Inc. )NP (VP said (SBAR (S (NP it )NP (VP agreed (S (VP to (VP team (PP with (NP (NP a unit )NP (PP of (NP *UNKED Honeywell Inc. )NP )PP )NP )PP (S (VP to (VP provide (NP power *UNK )NP (PP for (NP (NP a new military *UNK system )NP (VP being (VP proposed (PP by (NP Honeywell )NP )PP )VP )VP )NP )PP )VP )VP )S )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Total value )NP (PP of (NP the contract )NP )PP )NP (VP could (VP be (NP (QP $ 100 million )QP )NP )VP )VP )S (PRN , (S (NP *UNKC )NP (VP said )VP )S , )PRN and (S (NP (NP work )NP (PP on (NP the project )NP )PP )NP (VP would (VP be (ADJP (ADVP about evenly )ADVP divided )ADJP )VP )VP )S . )S  STOP
(S (SBAR As (S (VP (ADVP previously )ADVP reported )VP )S )SBAR , (NP *UNKC )NP (VP emerged (PP from (NP Chapter 11 bankruptcy-law protection )NP )PP (PP in (NP February )NP )PP )VP . )S  STOP
(S (NP (NP This Los Angeles company )NP and (NP its Union Federal Savings Bank subsidiary )NP )NP (VP said (SBAR (S (NP (NP (QP more than 99 )QP % )NP (PP of (NP (NP their (ADJP (QP 7 1\/4 )QP % )ADJP convertible subordinated debentures )NP (ADJP due (NP *UNKN )NP )ADJP )NP )PP )NP (VP were (VP tendered (PP for (NP (NP conversion )NP (PP into (NP *UNKED common stock )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The conversion )NP (VP increased (NP total equity capital )NP (PP by (NP (QP about $ *UNKN million )QP )NP )PP (PP to (NP (NP a total )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP Union Federal )NP , (NP a (ADJP federally insured )ADJP savings bank )NP , )NP (VP has (NP (NP (QP $ 2.4 billion )QP )NP (PP in (NP assets )NP )PP )NP )VP . )S  STOP
(S (NP David D. *UNKC )NP (VP was (VP appointed (S (NP (NP president and chief operating officer )NP (PP of (NP (NP this maker )NP (PP of (NP (NP building materials )NP (PP for (NP (NP manufactured homes )NP and (NP recreational vehicles )NP )NP )PP )NP )PP )NP )PP )NP )S )VP )VP . )S  STOP
(S (PP As (NP president )NP )PP , (NP (NP Mr. *UNKC )NP , (ADJP (NP 42 years )NP old )ADJP , )NP (VP succeeds (NP (NP his father )NP , (NP *UNKC D. *UNKC )NP , (NP 66 )NP , (SBAR (WHNP who )WHNP (S (VP founded (NP the company )NP (PP in (NP *UNKN )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP *UNKC *UNKC )NP (VP remains (NP chairman and chief executive officer )NP )VP . )S  STOP
(S (NP David *UNKC )NP (VP (VP has (VP been (PP with (NP Patrick )NP )PP (PP since (NP 1970 )NP )PP )VP )VP , and (VP has (VP served (PP as (NP (NP vice president )NP (PP for (NP administration and purchasing )NP )PP )NP )PP (PP since (NP 1987 )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP General Dynamics Services Co. )NP , (NP (NP a unit )NP (PP of (NP General Dynamics Corp. )NP )PP )NP , )NP (VP won (NP a (ADJP (QP $ *UNKN million )QP )ADJP Army contract (S (VP to (VP establish (NP (NP maintenance facilities )NP (PP for (NP tracked vehicles )NP )PP )NP (PP in (NP Pakistan )NP )PP )VP )VP )S )NP )VP . )S  STOP
(S (NP Grumman Corp. )NP (VP was (VP given (NP (NP a (ADJP (QP $ 15 million )QP )ADJP Navy contract )NP (PP for (NP *UNK- improvements )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Hughes Aircraft Co. )NP , (NP (NP a unit )NP (PP of (NP General Motors Corp. )NP )PP )NP , )NP (VP got (NP (NP a (ADJP (QP $ *UNKN million )QP )ADJP Air Force contract )NP (PP for (NP *UNK- equipment )NP )PP )NP )VP . )S  STOP
(S (NP Reynolds *UNKC Co. )NP (VP said (SBAR (S (NP third-quarter net income )NP (VP dropped (NP (QP nearly 10 )QP % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP (ADVP (NP a year )NP earlier )ADVP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The latest earnings )NP (VP reflect (NP (NP an increase )NP (PP of (NP (QP about 5.5 million )QP )NP )PP (PP in (NP (NP common shares )NP (ADJP outstanding )ADJP )NP )PP )NP )VP . )S  STOP
(S (NP Revenue )NP (VP rose (NP 3 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP Reynolds )NP (VP is (S (NP the third big aluminum company )NP (PP since (NP Friday )NP )PP (VP to (VP report (NP disappointing earnings )NP )VP )VP )S )VP . )S  STOP
(S (NP (NP The No. 1 domestic aluminum producer )NP , (NP (NP Aluminum Co. )NP (PP of (NP America )NP )PP )NP , )NP (NP Friday )NP (VP said (SBAR (S (NP its earnings )NP (VP fell (NP 3.2 % )NP (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S And (NP *UNKC *UNKC Ltd. )NP (NP yesterday )NP (VP reported (SBAR (S (NP net income )NP (VP slid (NP 30 % )NP (PP to (NP (NP (QP $ 180 million )QP )NP , or (NP (NP 77 cents )NP (NP a share )NP )NP , )NP )PP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ 1.07 )NP (NP a share )NP )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Analysts )NP (PP on (NP average )NP )PP (VP had (VP been (VP expecting (NP (NP (NP (QP about $ *UNKN )QP )NP (PP for (NP *UNKC )NP )PP )NP and (NP (NP $ 1 )NP (PP for (NP *UNKC )NP )PP )NP )NP )VP )VP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's (NP a good indication (SBAR that (S (NP (NP level )NP (PP of (NP profitability )NP )PP )NP (VP has (VP peaked (PP for (NP the industry )NP )PP )VP )VP )S )SBAR )NP )VP )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP metals analyst )NP (PP with (NP *UNKC , Ball & *UNKC Inc. )NP )PP )NP , (SBAR (WHNP who )WHNP (S (VP had (VP estimated (SBAR (S (NP Reynolds )NP (VP would (VP earn (NP (NP (QP about $ *UNKN )QP )NP (NP a share )NP )NP )VP )VP )S )SBAR )VP )VP )S )SBAR )NP . )SINV  STOP
(S (NP (NP The nation 's )NP No. 2 aluminum company )NP (VP said (SBAR (S (NP earnings )NP (VP were (VP hurt (PP by (NP (NP lower prices )NP (PP for (NP (NP certain *UNKED aluminum products )NP , (SBAR (WHNP which )WHNP (S (ADVP typically )ADVP (VP follow (NP (NP price fluctuations )NP (PP of (NP primary *UNK )NP )PP )NP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The base metal price )NP (VP has (VP dropped (NP *UNKN % )NP (PP from (ADVP (NP a year )NP earlier )ADVP )PP (PP to (NP (NP 78 cents )NP (NP a pound )NP )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP Much )NP (PP of (NP the price decline )NP )PP )NP (VP has (VP been (VP blamed (PP on (NP a slowing economy )NP )PP )VP )VP )VP )S and (S (NP the third quarter )NP (VP is (ADVP typically )ADVP (NP (NP the industry 's )NP *UNK period )NP )VP )S . )S  STOP
(S But (NP (NP William O. *UNKC )NP , (NP (NP chairman )NP and (NP chief executive officer )NP )NP , )NP (VP said (SBAR (S (NP the *UNK price )NP (VP `` appears (S (VP to (VP have (VP *UNKED (PRT out )PRT )VP )VP )VP )S )VP )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP said (SBAR (SBAR (S (NP shipments )NP (VP are (VP continuing (PP at (NP a `` healthy '' pace )NP )PP )VP )VP )S )SBAR and (SBAR (S (NP the company )NP (VP has (NP no excess inventory )NP )VP )S )SBAR )SBAR )VP . )S  STOP
(S (S (NP (NP Aluminum shipments )NP (PP of (NP *UNKN metric tons )NP )PP )NP (VP were (ADJP nearly equal (PP to (NP the year-earlier period )NP )PP )ADJP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(S (ADVP Nevertheless )ADVP , (NP the company )NP (VP said (SBAR that (S (PP in (NP the latest quarter )NP )PP (NP there )NP (VP were (NP (NP increased material and labor costs )NP , (PP including (NP a new employee *UNKING plan )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP (NP composite trading )NP (PP on (NP the New York Stock Exchange )NP )PP )NP )PP , (NP Reynolds )NP (VP closed (PP at (NP $ *UNKN )NP )PP , (ADVP up (NP $ 1.25 )NP )ADVP )VP . )S  STOP
(NP (NP No *UNK )NP , but (NP (ADVP certainly )ADVP no home run )NP . )NP  STOP
(S (NP That )NP (VP 's (SBAR (WHADVP how )WHADVP (S (NP the *UNKING game )NP (VP is (VP *UNKING (PRT up )PRT (PP for (NP the months ahead )NP )PP , (PP according (PP to (NP (NP money managers )NP and (NP a few brokers )NP )NP )PP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP Yesterday 's )NP *UNK- recovery )NP (PP from (NP (NP (NP Friday 's )NP *UNK )NP (PP in (NP the Dow Jones industrials )NP )PP )NP )PP )NP (VP had (NP (NP many brokerage houses )NP (VP *UNKING (SBAR that (S (NP stocks )NP (VP are (NP a good bargain )NP (ADVP again )ADVP )VP )S )SBAR )VP )NP )VP . )S  STOP
(S But (NP quite a few money managers )NP (VP are n't (VP buying (NP it )NP )VP )VP . )S  STOP
(S (NP *UNKING corporate earnings )NP (PRN , (S (NP they )NP (VP say )VP )S , )PRN (VP are (NP (NP no prescription )NP (PP for (NP a bull market )NP )PP )NP )VP . )S  STOP
(SINV (S `` (NP The stock market )NP (VP *UNK n't (VP going (S (VP to (VP do (NP (NP much )NP (PP of (NP anything )NP )PP )NP '' (PP for (NP a while )NP )PP )VP )VP )S )VP )VP )S , (VP says )VP (NP (NP John *UNKC )NP (PP of (NP Wellington Management )NP )PP , (SBAR (WHNP who )WHNP (S (VP runs (NP the (ADJP (QP $ 8.3 billion )QP )ADJP Windsor Fund )NP )VP )S )SBAR )NP . )SINV  STOP
(S (NP He )NP (VP suspects (SBAR that (S (NP (NP Friday 's )NP market decline )NP (VP may (VP have (NP (NP a second leg )NP , (NP perhaps a (ADJP (QP 10 % to 15 )QP % )ADJP drop )NP )NP (ADVP later on )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP says (SBAR (S (NP the stock market )NP (VP has (VP lost (NP (NP some powerful driving forces )NP , (ADVP *UNKLY )ADVP (NP (NP earnings growth )NP and (NP (NP the `` LBO *UNK '' )NP -- (NP (NP buy-out fever )NP (SBAR (WHNP that )WHNP (S (VP *UNKED (S (NP investors )NP (VP to (VP bid (PRT up )PRT (NP (NP whole groups )NP (PP of (NP stocks )NP )PP , (PP such as (NP media and airlines )NP )PP )NP )VP )VP )S )VP )S )SBAR )NP )NP )NP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP After (S (VP sitting (PP with (NP (NP 20 % )NP (PP of (NP his fund )NP )PP (PP in (NP cash )NP )PP )NP )PP (PP before (NP (NP Friday 's )NP sell-off )NP )PP )VP )S )PP , (NP Mr. *UNKC )NP (VP says (SBAR (S (NP he )NP (VP bought (NP `` (NP a narrow list )NP (PP of (NP stocks )NP )PP '' )NP (NP yesterday )NP )VP )S )SBAR )VP . )S  STOP
(S (PP With (NP (NP flat corporate profits )NP (PP on (NP (NP the horizon )NP (PP for (NP 1990 )NP )PP )NP )PP )NP )PP , (NP money managers )NP (VP say (SBAR (S (NP (NP *UNK- multiples )NP (SBAR (WHNP that )WHNP (S (VP look (ADJP cheap )ADJP (NP today )NP )VP )S )SBAR )NP (VP might (VP go (PRT on )PRT (S (VP being (ADJP cheap )ADJP (PP for (NP a long time )NP )PP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (S (NP This )NP (VP is not (NP a (ADJP *UNKLY *UNKED )ADJP market )NP )VP )S , but (S (NP it )NP (VP 's not (ADJP cheap )ADJP (ADVP either )ADVP )VP )S )S , '' (VP says )VP (NP (NP George Collins )NP , (NP (NP president )NP (PP of (NP (NP the mutual fund company )NP (NP (NP T. Rowe Price Associates )NP (PP in (NP Baltimore )NP )PP )NP )NP )PP )NP )NP . )SINV  STOP
(S (PP According (PP to (NP Institutional Brokers *UNKC System )NP )PP )PP , (NP Wall Street market strategists )NP (VP see (NP (NP only a (ADJP 2.4 % )ADJP jump )NP (PP in (NP company profits )NP )PP (PP in (NP 1990 )NP )PP -- (ADJP unlike (PP in (NP (NP 1987 )NP , (SBAR (WHADVP when )WHADVP (S (S (NP (NP profits )NP (ADJP (NP a year )NP out )ADJP )NP (VP looked (ADJP good )ADJP )VP )S (PRN -LRB- (S (NP they )NP (VP did (VP soar (NP 36 % )NP (PP in (NP 1988 )NP )PP )VP )VP )S -RRB- )PRN )S )SBAR )NP )PP )ADJP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP say (SBAR (S (NP the market )NP (VP is (NP an *UNK bargain )NP , (S (VP priced (PP at (NP (NP (QP only about 12 times )QP estimated 1989 earnings )NP (PP for (NP (NP stocks )NP (PP in (NP (NP the Standard & Poor 's )NP 500 index )NP )PP )NP )PP )NP )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP Before (NP the 1987 crash )NP )PP , (NP the *UNKC )NP (VP was (NP (QP more than 20 )QP )NP )VP . )S  STOP
(S (NP The common view )NP (PRN , (SINV (VP says )VP (NP (NP *UNKC Cohen )NP , (NP (NP strategist )NP (PP for (NP Drexel Burnham Lambert )NP )PP )NP , )NP )SINV )PRN (VP is (SBAR that (S (S (NP there )NP (VP will (VP be (NP `` (NP mild economic growth )NP , (NP modest profit expansion )NP )NP )VP )VP )S , and (S (NP things )NP (VP are (VP going (S (VP to (VP be (ADJP *UNK- )ADJP )VP )VP )S )VP )VP )S )S )SBAR )VP . )S  STOP
(S (NP Our view )NP (VP is (SBAR that (S (NP we )NP (VP may (VP see (NP a profit decline )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP Some )NP (VP think (SBAR (S (NP investors )NP (VP should (VP sell (PP into (NP rallies )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(SINV (S (NP The market )NP `` (VP is (VP going (S (VP to (VP wind (ADVP down )ADVP )VP )VP )S )VP )VP )S , '' (VP says )VP (NP (NP Gerald W. *UNKC )NP , (NP a Chicago money manager )NP )NP . )SINV  STOP
(S `` (NP *UNKC )NP (VP are (ADJP (ADVP (NP a little )NP less )ADVP *UNKED )ADJP '' (PP after (NP (NP (NP Friday 's )NP jolt )NP (PP in (NP the market )NP )PP )NP )PP )VP . )S  STOP
(S (NP He )NP (VP expects (S (NP stocks )NP (VP to (VP decline (NP an (QP additional 5 )QP % )NP (PP to (NP 30 % )NP )PP , (PP with (S (NP the Dow )NP (VP (ADVP perhaps )ADVP *UNKING (PRT out )PRT (PP between (NP 2000 and *UNKN )NP )PP (PP `` between (UCP (ADVP now )ADVP and (NP June )NP )UCP )PP )VP )S )PP )VP )VP )S )VP . '' )S  STOP
(S (PP After (NP (NP Friday 's )NP decline )NP )PP , (NP (NP Mr. *UNKC 's )NP firm )NP (VP ran (NP statistical tests )NP (PP on (NP 100 high-quality stocks )NP )PP , (S (VP using (NP (NP *UNKED value criteria )NP (VP devised (PP by (NP (NP Benjamin Graham )NP , (NP (NP (NP an analyst and author )NP (PP in (NP the 1930s and *UNK )NP )PP )NP (SBAR (WHNP who )WHNP (S (VP is (ADJP widely considered (S (VP to (VP be (NP (NP the father )NP (PP of (NP modern securities analysis )NP )PP )NP )VP )VP )S )ADJP )VP )S )SBAR )NP )NP )PP )VP )NP )VP )S )VP . )S  STOP
(S (NP He )NP (VP found (NP (NP (NP 85 )NP (VP (ADVP still )ADVP *UNKED )VP )NP and (NP (NP 15 )NP (VP (ADVP fairly )ADVP valued )VP )NP )NP )VP . )S  STOP
(S (NP (NP Nicholas Parks )NP , (NP a New York money manager )NP , )NP (VP expects (S (NP the market )NP (VP to (VP decline (NP (QP about 15 )QP % )NP )VP )VP )S )VP . )S  STOP
(S `` (S (S (NP I )NP (VP 've (VP been (NP (NP two-thirds )NP (PP in (NP cash )NP )PP )NP (PP since (NP July )NP )PP )VP )VP )S , and (S (NP I )NP (VP continue (S (VP to (VP think (SBAR that (S (S (VP having (NP a defensive position )NP )VP )S (VP is (ADJP appropriate )ADJP )VP )S )SBAR )VP )VP )S )VP )S )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP (NP Companies )NP (SBAR (WHNP that )WHNP (S (VP *UNKED (PRT on )PRT (NP debt )NP (PP in (NP leveraged buy-outs )NP )PP (PP during (NP the past two years )NP )PP )VP )S )SBAR )NP `` (VP will (VP continue (S (VP to (VP surface (PP as (NP business problems )NP )PP )VP )VP )S )VP )VP . '' )S  STOP
(SINV `` (S (NP (NP *UNKC )NP (PP about (NP value )NP )PP )NP (VP are n't (ADJP useful )ADJP )VP )S , '' (VP says )VP (NP (NP New York money manager John *UNKC )NP (PP of (NP Delta Capital Management )NP )PP )NP . )SINV  STOP
(S (PP For (NP instance )NP )PP (PRN , (S (NP he )NP (VP says )VP )S , )PRN (S (NP (NP International Business Machines )NP and (NP Unisys )NP )NP (VP might (VP look (ADJP cheap )ADJP )VP )VP )S , but (S (NP investors )NP (VP might (VP continue (S (VP to (VP do (ADVP better )ADVP (PP with (NP (NP stocks )NP (PP like (NP (NP (NP Walt Disney )NP , (NP Procter & Gamble )NP and (NP Coca-Cola )NP )NP , (NP (NP strong performers )NP (PP in (NP recent years )NP )PP )NP )NP )PP )NP )PP )VP )VP )S )VP )VP )S . )S  STOP
(S (NP (NP Money manager Robert Ross )NP , (NP (NP head )NP (PP of (NP (NP *UNKC Ross Associates Ltd. )NP (PP in (NP (NP Vancouver )NP , (NP British Columbia )NP )NP )PP )NP )PP )NP , )NP (VP says (SBAR (S (NP stocks )NP (VP would (VP have (S (VP to (VP fall (NP (QP 15 % to 20 )QP % )NP )VP )VP )S )VP )VP (SBAR before (S (NP they )NP (VP are (ADJP competitive (PP with (NP less risky investment alternatives )NP )PP )ADJP )VP )S )SBAR )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC Russell )NP , (NP (NP a money manager )NP (PP in (NP (NP *UNKC )NP , (NP *UNKC )NP , )NP )PP )NP )NP (VP says (SBAR (S (NP (NP Friday 's )NP *UNK- )NP `` (VP is (VP going (S (VP to (VP have (ADJP (ADJP more (PP of (NP (NP a permanent impact )NP (PP on (NP (NP the *UNK )NP (PP of (NP many investors )NP )PP )NP )PP )NP )PP )ADJP (SBAR than (S (NP Wall Street )NP (VP would (VP want (S (VP to (VP admit )VP )VP )S )VP )VP )S )SBAR )ADJP )VP )VP )S )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP There )NP (VP are (ADVP still )ADVP (NP *UNK )NP (ADVP out there )ADVP )VP . )S  STOP
(SINV `` (S (S (NP I )NP (ADVP still )ADVP (VP think (SBAR (S (NP we )NP (VP will (VP have (NP a *UNKN Dow )NP )VP )VP )S )SBAR )VP )S , (S (SBAR whether (S (NP it )NP (VP 's (NP (NP (NP six months )NP )NP or (NP (NP 12 months )NP )NP (PP from (NP now )NP )PP )NP )VP )S )SBAR (NP I )NP (VP do n't (VP know )VP )VP )S )S , '' (VP says )VP (NP (NP David *UNKC )NP , (NP (NP managing partner )NP (PP of (NP (NP *UNKC Value Management )NP (PP in (NP New York )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP We )NP (VP 're (VP doing (NP (NP a little buying )NP '' (PP in (NP (NP some stocks )NP (SBAR `` (WHNP that )WHNP (S (VP have (ADVP really )ADVP (VP been (VP *UNKED (PRT down )PRT )VP )VP )VP )S )SBAR )NP )PP )NP )VP )VP . '' )S  STOP
(S (NP Many brokerage house officials )NP (ADVP also )ADVP (VP are (ADJP optimistic )ADJP )VP . )S  STOP
(S (NP Yesterday )NP , (NP (NP (NP Goldman Sachs )NP , (NP Merrill Lynch )NP and (NP Dean Witter )NP )NP (NP all )NP )NP (VP increased (NP (NP the proportion )NP (PP of (NP (NP assets )NP (SBAR (S (NP they )NP (VP recommend (SBAR (S (NP investors )NP (VP *UNK (PP to (NP stocks )NP )PP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (S (NP Dean Witter )NP (ADVP now )ADVP (VP recommends (NP 85 % )NP )VP )S , (S (NP Goldman )NP (NP 65 % )NP )S and (S (NP Merrill Lynch )NP (NP 50 % )NP )S . )S  STOP
(S (NP Some investors )NP (VP say (SBAR (S (NP (NP Friday 's )NP sell-off )NP (VP was (NP a good thing )NP , (SBAR because (S (NP it )NP (VP *UNKED (NP (NP a lot )NP (PP of (NP crazy takeover speculation )NP )PP )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP It )NP (VP was (NP a healthy *UNKING )NP )VP )S , '' (VP says )VP (NP (NP Michael *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP runs (NP (NP Salomon Brothers Asset Management )NP (PP in (NP New York )NP )PP )NP )VP )S )SBAR )NP . )SINV  STOP
(S (PP From (ADVP (ADVP here )ADVP (ADVP out )ADVP )ADVP )PP , (NP these investors )NP (VP see (NP (NP a return )NP (PP to (NP old-fashioned investing )NP )PP , (VP based (PP on (NP (NP a company 's )NP ability (S (VP to (VP show (NP profit growth )NP )VP )VP )S )NP )PP )VP )NP )VP . )S  STOP
(S `` (S (NP The fundamentals )NP (VP are (ADJP pretty strong )ADJP )VP )S , '' (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S `` (NP I )NP (VP do n't (VP see (NP this )NP (PP as (NP a bear market )NP )PP (ADVP at all )ADVP )VP )VP . )S  STOP
(S (NP It )NP (VP 's (NP a recognition (SBAR that (S (NP there )NP (VP was (NP (ADJP much too much )ADJP *UNK )NP (PP in (NP the LBO market )NP )PP )VP )S )SBAR )NP )VP . '' )S  STOP
(SINV (S (NP (NP Friday 's )NP big fall )NP (VP was (NP `` (NP just a *UNK )NP (PP by (NP the stock market )NP )PP )NP )VP )S , '' (VP says )VP (NP (NP John Connolly )NP , (NP (NP chief strategist )NP (PP for (NP Dean Witter )NP )PP )NP )NP . )SINV  STOP
(S `` (NP It )NP (VP was (NP (NP an *UNK )NP (PP to (NP (NP an event )NP (PRN -LCB- (NP (NP the failure )NP (PP of (NP a management and union group )NP )PP (S (VP to (VP get (NP (NP bank financing )NP (PP for (NP (NP a takeover )NP (PP of (NP UAL )NP )PP )NP )PP )NP )VP )VP )S )NP -RCB- )PRN (SBAR (WHNP that )WHNP (S (VP does n't (VP mean (NP that much )NP (PP to (NP (NP lots )NP (PP of (NP stocks )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP . '' )S  STOP
(S (NP Many investors )NP (VP have (NP *UNKING worries )NP , (ADVP however )ADVP )VP . )S  STOP
(S (NP *UNKC )NP (VP are (ADJP full (PP of (NP (NP *UNK )NP (PP about (NP (NP (NP companies )NP (VP *UNKING (PP on (NP their debts )NP )PP )VP )NP and (NP (NP banks )NP (VP writing (PRT off )PRT (NP real estate loans )NP )VP )NP )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (NP That )NP (VP *UNK (NP (NP (NP investors ' )NP confidence )NP (PP in (NP the economy and stocks )NP )PP )NP )VP . )S  STOP
(S (NP Not even all the brokerage firms )NP (VP see (NP clear *UNKING )NP (ADVP ahead )ADVP )VP . )S  STOP
(SINV `` (S (NP *UNKING profits )NP (VP are (ADJP likely (S (VP to (VP get (ADJP worse )ADJP (PP in (NP the next two quarters )NP )PP )VP )VP )S )ADJP )VP )S , '' (VP says )VP (NP (NP Mary *UNKC )NP , (NP (NP a market strategist )NP (PP at (NP PaineWebber )NP )PP )NP )NP . )SINV  STOP
(S (NP She )NP (VP thinks (SBAR (S (NP the market )NP (VP could (VP (VP drop (NP (QP about 10 )QP % )NP (PP in (NP the next few months )NP )PP )VP , (VP (ADVP then )ADVP (VP recover )VP and (VP go (ADVP higher )ADVP )VP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Companies )NP (PP with (NP steady earnings growth )NP )PP )NP (VP could (VP do (ADVP well )ADVP (PRN , (S (NP she )NP (VP says )VP )S , )PRN (SBAR while (S (NP (NP others )NP (PP with (NP (NP high debt )NP or (NP poor earnings )NP )NP )PP )NP (VP could (VP see (S (NP their shares )NP (VP decline (NP (QP far more than 10 )QP % )NP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (NP (NP The turmoil )NP (PP on (NP Wall Street )NP )PP )NP (VP may (VP benefit (NP (NP some retailers )NP (VP attempting (S (VP to (VP lead (NP (NP leveraged buy-outs )NP (PP of (NP their specialty and department-store chains )NP )PP )NP )VP )VP )S )VP )NP )VP )VP )S , (NP investment bankers and retailers )NP (VP said )VP . )S  STOP
(S (NP (NP Managers )NP (PP at (NP five chains )NP )PP )NP (VP have (VP said (PP in (NP recent weeks )NP )PP (SBAR that (S (NP they )NP (VP intend (S (VP to (VP bid (PP for (NP their companies )NP )PP )VP )VP )S )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The chains )NP (VP include (NP (NP (NP (NP Bloomingdale 's )NP )NP , (VP owned (PP by (NP (NP Campeau Corp. )NP , (NP Toronto )NP )NP )PP )VP )NP ; (NP (NP (NP Saks Fifth Avenue )NP and (NP Marshall Field 's )NP )NP , (VP owned (PP by (NP (NP B.A.T Industries PLC )NP , (NP London )NP )NP )PP )VP )NP ; and (NP (NP (NP B. Altman & Co. )NP and (NP *UNKC Inc. )NP )NP , (VP owned (PP by (NP (NP Hooker Corp. )NP , (SBAR (WHNP which )WHNP (S (VP is (ADVP now )ADVP (VP being (VP managed (PP by (NP a *UNKED provisional *UNK )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )NP )NP )VP . )S  STOP
(S (NP Hooker )NP (VP is (VP based (PP in (NP (NP Sydney )NP , (NP Australia )NP )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP The combination )NP (PP of (NP (NP (NP so many chains )NP (ADJP available (PP for (NP sale )NP )PP )ADJP )NP , (NP (NP the recent failures )NP (PP of (NP (NP such retailing LBO 's )NP (PP as (NP Miller & *UNKC Inc. )NP )PP )NP )PP )NP and (NP declining investor confidence )NP )NP )PP )NP (VP will (VP drive (PRT down )PRT (NP prices )NP )VP )VP )S , (NP retailing observers )NP (VP said )VP . )S  STOP
(SINV `` (S (NP The pricing )NP (VP will (VP (VP become (ADJP more realistic )ADJP )VP , (SBAR (WHNP which )WHNP (S (VP should (VP help (NP management )NP )VP )VP )S )SBAR )VP )VP )S , '' (VP said )VP (NP (NP Bruce *UNKC )NP , (NP (NP a New York investment banker )NP (PP with (NP Nathan S. *UNKC & Co )NP )PP )NP )NP . )SINV  STOP
(S `` (S (NP Investors )NP (VP are n't (VP going (S (VP to (VP be (VP throwing (NP money )NP (PP at (NP (NP any )NP (PP of (NP the proposed LBOs )NP )PP )NP )PP )VP )VP )VP )S )VP )VP )S , but (S (S (VP doing (NP deals )NP (PP on (NP (NP the basis )NP (PP of (NP ridiculous assumptions )NP )PP )NP )PP )VP )S (ADVP never )ADVP (VP made (NP sense )NP , (ADVP either )ADVP )VP )S . '' )S  STOP
(S (S (NP Earlier this year )NP , (NP (NP bankers )NP and (NP other investors )NP )NP (VP were (ADJP willing (S (VP to (VP provide (NP financing )NP )VP )VP )S )ADJP (SBAR because (S (NP they )NP (VP assumed (SBAR (S (NP there )NP (VP would (VP be (NP (NP major gains )NP (PP in (NP both profitability and sales )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP )S , (NP Mr. *UNKC )NP (VP added )VP . )S  STOP
(S (S (NP Those days )NP (VP are (ADVP over )ADVP (ADVP now )ADVP )VP )S , (NP he )NP (VP believes )VP . )S  STOP
(S `` (S (NP (NP Competition )NP (PP from (NP (NP third parties )NP (SBAR (WHNP who )WHNP (S (VP (VP have (NP cash )NP )VP and (VP are (ADJP prepared (S (VP to (VP buy )VP )VP )S )ADJP )VP )VP )S )SBAR )NP )PP )NP (VP (VP has (ADVP always )ADVP (VP existed )VP )VP and (VP will (VP continue )VP )VP )VP )S , '' (VP added )VP (NP Mr. *UNKC )NP . )S  STOP
(S `` But (SBAR (WHADVP when )WHADVP (S (NP prices )NP (VP were (ADJP crazy )ADJP )VP )S )SBAR , (NP it )NP (VP was (ADJP even harder (S (VP to (VP do (NP an LBO )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP Bankers )NP (VP believed (PP in (NP (NP the *UNK- theory )NP (SBAR (WHNP that )WHNP (S (VP says (SBAR (S (NP somebody else )NP (VP is (ADVP always )ADVP (ADJP willing (S (VP to (VP pay (NP more )NP )VP )VP )S )ADJP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP This )NP (VP is (ADVP no longer )ADVP (ADJP true )ADJP (NP today )NP )VP . '' )S  STOP
(S (PP At (NP Saks Fifth Avenue )NP )PP , (NP (NP Paul *UNKC )NP , (NP (NP senior vice president )NP , (NP marketing )NP , )NP )NP (VP agreed (SBAR that (S (NP lower prices )NP (VP will (VP help (NP his management team )NP (PP in (NP their proposed LBO )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (S (VP Having (S (VP to (VP take (PRT on )PRT (NP less debt )NP )VP )VP )S )VP )S (VP would (ADVP certainly )ADVP (VP be (NP an advantage )NP )VP )VP )S , '' (VP said )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S `` (NP It )NP (VP would (ADVP also )ADVP (VP help (NP us )NP (PP in (NP (NP our search )NP (PP for (NP equity partners )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (VP To (VP make (S (NP an LBO )NP (VP work )VP )S )VP )VP )S , (ADVP now )ADVP (NP we )NP (VP are (VP going (S (VP to (VP need (NP (NP more )NP (PP than (NP just junk bonds )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S '' (NP None )NP (VP believe (SBAR (S (NP the proposed management LBOs )NP (VP will (VP be (ADJP easy (S (VP to (VP complete )VP )VP )S )ADJP )VP )VP )S )SBAR , (PP (ADVP especially )ADVP at (NP (NP B. Altman & Co. )NP , (SBAR (WHNP which )WHNP (S (VP is (PP under (NP Chapter 11 bankruptcy protection )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S Not (ADVP only )ADVP (SINV could (NP the Wall Street gyrations )NP (VP damp (NP Christmas sales )NP (SBAR if (S (NP consumers )NP (VP lose (NP (NP confidence )NP (PP in (NP the economy )NP )PP )NP )VP )S )SBAR )VP )SINV , but (S (NP potential junk-bond buyers )NP (VP are (ADJP sure (S (VP to (VP demand (NP (NP (ADJP even stronger )ADJP *UNK )NP and (NP greater management equity participation )NP )NP )VP )VP )S )ADJP )VP )S . )S  STOP
(S (ADVP Further )ADVP , (NP (NP many institutions )NP (VP (NP today )NP holding (NP (NP troubled retailers ' )NP debt securities )NP )VP )NP (VP will (VP be (ADJP *UNK (S (VP to (VP consider (NP additional retailing investments )NP )VP )VP )S )ADJP )VP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's (VP called (S (NP bad money )NP (VP driving (PRT out )PRT (NP good money )NP )VP )S )VP )VP )S , '' (VP said )VP (NP one retailing *UNK )NP . )SINV  STOP
(S `` (NP (NP Institutions )NP (SBAR (WHNP that )WHNP (S (VP (ADVP usually )ADVP buy (NP retail paper )NP )VP )S )SBAR )NP (VP have (S (VP to (VP be (ADJP more concerned )ADJP )VP )VP )S )VP . '' )S  STOP
(S (ADVP However )ADVP , (NP (NP the lower prices )NP (SBAR (S (NP these retail chains )NP (VP are (ADVP now )ADVP (VP expected (S (VP to (VP bring )VP )VP )S )VP )VP )S )SBAR )NP (VP should (VP make (S (NP it )NP (ADJP easier (SBAR for (S (NP managers )NP (VP to (VP (VP raise (NP the necessary capital )NP )VP and (VP pay (PRT back )PRT (NP the resulting debt )NP )VP )VP )VP )S )SBAR )ADJP )S )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP the fall selling season )NP (VP has (ADVP generally )ADVP (VP been (NP a good one )NP , (PP (ADVP especially )ADVP for (NP (NP those retailers )NP (ADJP dependent (PP on (NP apparel sales )NP )PP (PP for (NP (NP the majority )NP (PP of (NP their revenues )NP )PP )NP )PP )ADJP )NP )PP )VP )VP . )S  STOP
(SINV `` (S (SBAR (WHNP What )WHNP (S (VP 's (ADJP encouraging (PP about (NP this )NP )PP )ADJP )VP )S )SBAR (VP is (SBAR that (S (NP retail chains )NP (VP will (VP be (VP sold (PP on (NP (NP the basis )NP (PP of (NP (NP their sales and earnings )NP , not (NP liquidation values )NP )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP Joseph E. Brooks )NP , (NP (NP (NP chairman )NP and (NP chief executive officer )NP )NP (PP of (NP (NP Ann Taylor Inc. )NP , (NP a specialty chain )NP )NP )PP )NP )NP . )SINV  STOP
(S `` (NP (NP *UNKC )NP (SBAR (WHNP who )WHNP (S (VP had (NP (NP good track records )NP (PP of (S (VP producing (NP profits )NP )VP )S )PP )NP )VP )S )SBAR )NP (VP will (VP have (NP a better chance (S (VP to (VP buy (PRT back )PRT (NP their companies )NP )VP )VP )S )NP )VP )VP . '' )S  STOP
(S (ADVP Still )ADVP , (NP most retailing observers )NP (VP expect (SBAR that (S (NP all the proposed retailing LBOs )NP (VP will (VP depend (ADVP partly )ADVP (PP on (NP (NP the sale )NP (PP of (NP (NP junk bonds )NP , (NP (NP a market )NP (RRC (PP (ADVP already )ADVP in (NP (NP *UNK )NP )NP )PP , (PP (PP in (NP part )NP )PP because of (NP (NP concerns )NP (VP associated (PP with (NP (NP bonds )NP (VP issued (PP by (NP (NP the Federated and Allied units )NP (PP of (NP Campeau )NP )PP )NP )PP )VP )NP )PP )VP )NP )PP )RRC )NP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP (NP Prices )NP (PP for (NP retail chains )NP )PP )NP (VP (VP are (ADJP (ADJP lower )ADJP (NP today )NP (SBAR than (S (NP they )NP (VP were (NP last week )NP )VP )S )SBAR )ADJP )VP , (SBAR (WHNP which )WHNP (S (VP will (VP help (NP management )NP )VP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP *UNKC Harrison )NP , (NP (NP chairman )NP (PP of (NP (NP *UNKC Inc. )NP , (NP (NP an investment-banking firm )NP (VP specializing (PP in (NP retailing acquisitions )NP )PP )VP )NP )NP )PP )NP )NP . )SINV  STOP
(S `` But (NP (NP the hurdle )NP (PP of (NP financing )NP )PP )NP (ADVP still )ADVP (VP has (S (VP to (VP be (VP resolved )VP )VP )VP )S )VP . )S  STOP
(S (NP *UNKC bondholders )NP (VP will (ADVP either )ADVP (VP (VP look (PP for (NP (NP greater equity participation )NP (PP on (NP (NP behalf )NP (PP of (NP management )NP )PP )NP )PP )NP )PP )VP , or (VP insist (SBAR (S (NP (NP the equity component )NP (PP of (NP the deals )NP )PP )NP (VP be (ADJP (ADJP substantially greater )ADJP (PP than (PP in (NP the past )NP )PP )PP )ADJP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP Sony Corp. )NP (VP won (NP (NP a pretrial order )NP (VP blocking (NP (NP U.S. sales )NP (PP of (NP (NP (NP *UNKC Products Inc. 's )NP `` My *UNKC '' line )NP (PP of (NP (NP portable audio players )NP (PP for (NP children )NP )PP )NP )PP )NP )PP )NP )VP )NP )VP . )S  STOP
(S (NP Judge John E. *UNKC )NP (VP issued (NP the order )NP (PP in (NP (NP Manhattan federal court )NP , (SBAR (WHADVP where )WHADVP (S (NP Sony )NP (VP has (VP accused (NP the tiny company )NP (PP of (S (VP (ADVP illegally )ADVP knocking (PRT off )PRT (NP the `` My First Sony '' line )NP )VP )S )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The judge )NP (VP held (SBAR that (S (NP (NP (NP the combination )NP (PP of (NP colors )NP )PP )NP (VP used (PP for (NP the Sony products )NP )PP )VP )NP (VP is (ADJP (ADJP distinctive )ADJP and (ADJP subject (PP to (NP (NP protection )NP (PP under (NP (NP New York state law )NP , (PP rather than (NP federal law )NP )PP )NP )PP )NP )PP )ADJP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP The legal fight )NP (VP was (NP (NP the subject )NP (PP of (NP (NP a Wall Street Journal story )NP (NP yesterday )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP (NP *UNKC 's )NP attorney )NP , (NP Charles E. *UNKC )NP , )NP (VP said (SBAR (S (NP *UNKC )NP (VP would (VP ask (NP an appeals court )NP (S (VP to (VP set (PRT aside )PRT (NP the order )NP (ADVP temporarily )ADVP , (PP pending (NP an *UNKED appeal )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (ADVP also )ADVP (VP repeated (NP (NP (NP *UNKC 's )NP *UNK )NP (PP of (NP (NP Sony 's )NP charges )NP )PP )NP )VP . )S  STOP
(SINV `` (S (NP (NP Their likelihood )NP (PP of (S (VP *UNKING (NP us )NP )VP )S )PP )NP (VP is (ADJP very slim )ADJP )VP )S , '' (VP said )VP (NP (NP Lewis H. *UNKC )NP , (NP (NP Sony 's )NP attorney )NP , (SBAR (WHNP who )WHNP (S (VP said (SBAR (S (NP he )NP (VP doubts (SBAR (S (NP Justin )NP (VP will (VP go (ADVP ahead )ADVP (PP with (NP a trial )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP )S )SBAR )NP . )SINV  STOP
(S (NP *UNKC MORTGAGE & *UNKC TRUST )NP (VP said (SBAR (S (NP it )NP (VP will (VP resume (NP dividend payments )NP (PP with (NP (NP a *UNK- payout )NP (PP on (NP Nov. 6 )NP )PP (PP to (NP (NP (NP shares )NP (PP of (NP record )NP )PP )NP (NP Oct. 25 )NP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The Dallas real estate investment trust )NP (ADVP last )ADVP (VP paid (NP a dividend )NP (PP on (NP (NP (NP Dec. 31 )NP , (NP 1987 )NP , )NP (SBAR (WHADVP when )WHADVP (S (NP shareholders )NP (VP received (NP (NP $ 1 )NP (NP a share )NP )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP Despite (NP (NP continuing troubles )NP (PP with (NP (NP problem assets )NP and (NP nonperforming loans )NP )NP )PP )NP )PP , (NP the trust )NP (VP said (SBAR (S (NP it )NP (VP expects (S (VP to (VP be (ADJP able (S (VP to (VP maintain or increase (NP (NP the rate )NP (PP of (NP *UNK )NP )PP )NP (PP because of (NP (NP operations )NP (PP of (NP joint-venture properties )NP )PP )NP )PP )VP )VP )S )ADJP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP A federal appeals court )NP (VP struck (PRT down )PRT (NP (NP a natural-gas regulation )NP (SBAR (WHNP that )WHNP (S (VP had (VP prevented (NP pipeline companies )NP (PP from (S (VP passing (PP to (NP customers )NP )PP (NP (NP part )NP (PP of (NP (NP (QP $ 1 billion )QP )NP (PP in (NP (NP costs )NP (PP from (NP controversial `` *UNK- '' contracts )NP )PP )NP )PP )NP )PP )NP )VP )S )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The court )NP , (PP in (NP a *UNKN ruling )NP )PP , (VP threw (PRT out )PRT (NP (NP a deadline )NP (VP set (PP by (NP the Federal Energy *UNKC Commission )NP )PP )VP (PP for (S (VP settling (NP (NP old contract disputes )NP (PP over (NP (NP gas )NP (SBAR (WHNP that )WHNP (S (NP the pipeline companies )NP (VP (VP reserved )VP but (VP did n't (VP use )VP )VP )VP )S )SBAR )NP )PP )NP )VP )S )PP )NP )VP . )S  STOP
(S (NP (NP *UNKC 's )NP regulation )NP (VP had (VP given (NP *UNK )NP (PP until (NP (NP March 31 )NP , (NP 1989 )NP , )NP )PP (S (VP to (VP pass (PRT on )PRT (PP to (NP customers )NP )PP (NP (NP (QP as much as 50 )QP % )NP (PP of (NP (NP the costs )NP (PP of (S (VP buying (PRT out )PRT (NP (NP their broken contracts )NP , (SBAR (WHNP which )WHNP (S (VP were (VP made (PP with (NP producers )NP )PP (SBAR (WHADVP when )WHADVP (S (S (NP gas prices )NP (VP were (ADJP high )ADJP )VP )S and (S (NP supplies )NP (ADJP short )ADJP )S )S )SBAR )VP )VP )S )SBAR )NP )VP )S )PP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP A majority )NP (PP of (NP old contracts )NP )PP )NP (VP were (VP (VP *UNKED (PP by (NP the deadline )NP )PP )VP and (VP settled (PP at (NP steep discounts )NP )PP )VP )VP )VP . )S  STOP
(S But (NP pipeline companies )NP (VP estimate (SBAR (S (NP they )NP (ADVP still )ADVP (VP face (NP (NP (NP (QP $ 2.4 billion )QP )NP (PP in (NP (NP liabilities )NP (PP from (NP *UNKED disputes )NP )PP )NP )PP )NP , (PP including (NP (NP (QP $ 1 billion )QP )NP (SBAR (S (NP they )NP (VP fear (SBAR (S (NP they )NP (VP wo n't (VP be (ADJP able (S (VP to (VP pass (PRT on )PRT (PP to (NP customers )NP )PP )VP )VP )S )ADJP )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (PP According (PP to (NP industry lawyers )NP )PP )PP , (NP the ruling )NP (VP gives (NP pipeline companies )NP (NP an important second chance (S (VP to (VP (VP resolve (NP remaining disputes )NP )VP and (VP take (NP advantage )NP (PP of (NP the *UNKING mechanism )NP )PP )VP )VP )VP )S )NP )VP . )S  STOP
(S (NP The court )NP (VP left (PRT open )PRT (SBAR whether (S (NP *UNKC )NP (VP could (VP *UNK (NP a new deadline )NP (ADVP later )ADVP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The court )NP , (VP agreeing (PP with (NP pipeline companies )NP )PP )VP , )NP (VP found (SBAR (S (NP the March 31 deadline )NP (VP was (ADJP (ADJP `` *UNK and *UNK '' )ADJP and (ADJP `` highly *UNK (PP to (NP (NP the bargaining power )NP (PP of (NP (NP *UNK )NP '' (SBAR (WHNP that )WHNP (S (VP were (VP forced (S (VP to (VP negotiate (NP (NP settlement )NP (PP of (NP the old *UNK- contracts )NP )PP )NP (S (VP to (VP meet (NP the deadline )NP )VP )VP )S )VP )VP )S )VP )VP )S )SBAR )NP )PP )NP )PP )ADJP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP A report )NP (NP last month )NP (PP by (NP (NP the Interstate Natural Gas Association )NP (PP of (NP America )NP )PP )NP )PP )NP (VP found (SBAR that (S (NP (NP *UNK ' )NP settlement costs )NP (VP had (VP jumped (PP in (NP (NP the three months )NP (PP before (NP the deadline )NP )PP )NP )PP (PP to (NP (NP 39 cents )NP (PP on (NP the dollar )NP )PP )NP )PP , (PP from (NP (NP 22 cents )NP (PP on (NP the dollar )NP )PP )NP (PP in (NP 1988 )NP )PP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The court )NP (VP ordered (S (NP *UNKC )NP (VP to (VP justify (PP within (NP 60 days )NP )PP (NP (CONJP not only )CONJP (NP its *UNKING deadline )NP , but (NP (NP other major elements )NP (PP of (NP (NP its proposed regulation )NP (PP for (S (VP introducing (NP more competition )NP (PP into (NP natural-gas transportation )NP )PP )VP )S )PP )NP )PP )NP )NP )VP )VP )S )VP . )S  STOP
(S (NP The court )NP (ADVP also )ADVP (VP questioned (NP (NP a *UNKING mechanism )NP (SBAR (WHNP that )WHNP (S (VP could (VP be (VP used (S (VP to (VP resolve (NP *UNK- liabilities )NP )VP )VP )S )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP The complex regulation )NP , (VP known (PP in (NP the industry )NP )PP (PP as (NP Order 500 )NP )PP )VP , )NP (VP has (VP been (VP (ADVP *UNKLY )ADVP *UNKED (PP by (NP (NP all sides )NP , (PP including (NP (NP natural-gas producers )NP , (NP pipelines )NP , (NP local distribution companies )NP and (NP consumers )NP )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP (NP The court 's )NP decision )NP (VP (VP would (VP allow (S (NP *UNKC )NP (VP to (VP change (NP (NP some )NP (PP of (NP its provisions )NP )PP )NP )VP )VP )S )VP )VP , but (VP *UNK (SBAR (S (NP it )NP (VP will (VP be (VP reviewed (ADVP again )ADVP (ADVP quickly )ADVP (PP by (NP the court )NP )PP )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP *UNKC Corp. )NP (VP said (SBAR (S (NP it )NP (VP (ADVP voluntarily )ADVP prepaid (NP (QP $ 7 million )QP )NP (PP on (NP its original (ADJP (QP $ 75 million )QP )ADJP term loan )NP )PP , (S (VP bringing (NP (NP the total debt reduction )NP (PP for (NP the year )NP )PP )NP (PP to (NP (QP $ 18 million )QP )NP )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (PP After (NP the payment )NP )PP , (NP the Cleveland company )NP (VP owes (NP (QP $ 57 million )QP )NP (PP on (NP the loan )NP )PP )VP . )S  STOP
(S (NP The cement producer )NP (VP said (SBAR (S (NP the payment )NP (VP was (VP made (PP from (NP excess cash flow )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP NATIONAL *UNKC *UNKC TRUST )NP (VP said (SBAR (S (NP it )NP (VP will (VP resume (NP dividend payments )NP (PP with (NP (NP a *UNK- dividend )NP (SBAR (S (VP to (VP be (VP paid (NP Nov. 6 )NP (PP to (NP (NP shares )NP (PP of (NP record )NP )PP (NP Oct. 25 )NP )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The mortgage and equity real estate investment trust )NP (ADVP last )ADVP (VP paid (NP a dividend )NP (PP on (NP (NP (NP Aug. 1 )NP , (NP 1988 )NP , )NP (SBAR (WHADVP when )WHADVP (S (NP holders )NP (VP received (NP (NP 75 cents )NP (NP a share )NP )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (PP Despite (NP (NP continuing troubles )NP (PP with (NP (NP problem properties )NP and (NP nonperforming loans )NP )NP )PP )NP )PP , (NP the Dallas trust )NP (VP said (SBAR (S (NP it )NP (VP has (VP (VP *UNK (NP reserves )NP )VP , (VP abandoned (NP (NP properties )NP (PP with (NP little potential )NP )PP )NP )VP and (VP experienced (NP (NP improved operating results )NP (PP from (NP joint ventures )NP )PP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Corp. )NP (VP said (SBAR (S (NP it )NP (VP reached (NP (NP a preliminary agreement )NP (PP with (NP (NP senior lenders )NP (PP to (NP its *UNK and *UNKING group )NP )PP )NP )PP (S (VP to (VP restructure (NP (NP the (QP $ *UNKN million )QP )NP (PP of (NP credit facilities )NP )PP (SBAR (S (NP the lenders )NP (VP provide (PP to (NP the group )NP )PP )VP )S )SBAR )NP )VP )VP )S )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (ADVP also )ADVP (VP makes (NP aircraft and *UNK- truck parts )NP )VP )S )SBAR , )NP (VP said (SBAR (S (NP the debt )NP (VP was (VP *UNKED (PP during (NP (NP its acquisition )NP (PP of (NP (NP nine businesses )NP (SBAR (WHNP that )WHNP (S (VP make (PRT up )PRT (NP (NP the group )NP , (S (NP (NP the biggest portion )NP (WHPP of (WHNP which )WHNP )WHPP )NP (VP was (VP related (PP to (NP (NP the 1986 purchase )NP (PP of (NP a *UNKC Co. unit )NP )PP )NP )PP )VP )VP )S )NP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (PP Among (NP other things )NP )PP , (NP the restructured facilities )NP (VP will (VP (ADVP substantially )ADVP reduce (NP (NP (NP the group 's )NP required *UNK )NP (PP of (NP (NP the term loan portion )NP (PP of (NP the credit facilities )NP )PP )NP )PP )NP (PP through (NP September 1992 )NP )PP )VP )VP )S , (NP *UNKC )NP (VP said )VP . )S  STOP
(S (NP (NP *UNKC details )NP (PP of (NP the restructured facilities )NP )PP )NP (VP remain (S (VP to (VP be (VP negotiated )VP )VP )VP )S )VP . )S  STOP
(S (NP The agreement )NP (VP is (ADJP subject (PP to (NP (NP completion )NP (PP of (NP (NP a definitive amendment )NP and (NP appropriate approvals )NP )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (NP (NP William P. *UNKC )NP , (NP *UNKC chairman and chief executive )NP , )NP (VP said (SBAR (S (NP the pact )NP `` (VP will (VP provide (NP *UNKC )NP (PP with (NP (NP the additional time and flexibility )NP (ADJP necessary (S (VP to (VP complete (NP (NP the restructuring )NP (PP of (NP (NP the company 's )NP capital structure )NP )PP )NP )VP )VP )S )ADJP )NP )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP *UNKC )NP (VP has (VP filed (NP (NP a registration statement )NP )NP (PP with (NP the Securities and Exchange Commission )NP )PP (VP covering (NP (NP a proposed offering )NP (PP of (NP (NP (QP $ 120 million )QP )NP (PP in (NP long-term senior subordinated notes and warrants )NP )PP )NP )PP )NP )VP )VP )VP . )S  STOP
(S (NP Dow Jones & Co. )NP (VP said (SBAR (S (NP it )NP (VP acquired (NP (NP a (ADJP 15 % )ADJP interest )NP (PP in (NP (NP *UNKC Corp. )NP , (NP (NP a subsidiary )NP (PP of (NP (NP Oklahoma Publishing Co. )NP , (NP Oklahoma City )NP , )NP )PP (SBAR (WHNP that )WHNP (S (VP provides (NP electronic research services )NP )VP )S )SBAR )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP Terms )NP (VP were n't (VP disclosed )VP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP either (NP *UNKC )NP or (NP Dow Jones *UNKC )NP )NP )PP )NP (VP are (ADJP able (S (VP to (VP access (NP (NP the information )NP (PP on (NP both services )NP )PP )NP )VP )VP )S )ADJP )VP . )S  STOP
(S (NP Dow Jones )NP (VP is (NP (NP the publisher )NP (PP of (NP The Wall Street Journal )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC Industries Inc. )NP (VP said (SBAR (S (NP it )NP (VP will (VP report (NP (NP a charge )NP (PP of (NP (NP (QP eight cents to 10 )QP cents )NP (NP a share )NP )NP )PP )NP (PP for (NP (NP its fiscal first quarter )NP , (VP ended (NP Sept. 23 )NP )VP , )NP )PP (PP from (NP (NP the sale )NP (PP of (NP (NP two *UNK )NP , (PP in (NP (NP (NP High *UNKC )NP , (NP N.C. )NP , )NP and (NP (NP *UNKC )NP , (NP *UNKC )NP )NP )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNK- company )NP (VP said (SBAR (S (NP it )NP (VP sold (NP the *UNK )NP (PP to (NP Mills Family *UNKC )NP )PP (PP for (NP an undisclosed amount )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP said (SBAR (S (NP the sales )NP (VP were (NP (NP part )NP (PP of (NP a 1983 Federal Trade Commission *UNKC Order )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP (NP A year )NP earlier )ADVP , (NP *UNKC )NP (VP had (NP (NP fiscal first-quarter net income )NP (PP of (NP (NP (QP $ 8 million )QP )NP , or (NP (NP 23 cents )NP (NP a share )NP )NP , )NP )PP (PP on (NP (NP revenue )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP *UNKC production )NP (PP by (NP (NP the nation 's )NP mills )NP )PP )NP (VP decreased (NP *UNKN % )NP (NP last week )NP (PP to (NP *UNKN tons )NP )PP (PP from (NP *UNKN tons )NP (NP the previous week )NP )PP )VP )S , (NP the American Iron and Steel Institute )NP (VP said )VP . )S  STOP
(S (NP (NP Last week 's )NP output )NP (VP rose (NP 1.4 % )NP (PP from (NP (NP the *UNKN tons )NP (VP produced (ADVP (NP a year )NP earlier )ADVP )VP )NP )PP )VP . )S  STOP
(S (NP The industry )NP (VP used (NP (NP *UNKN % )NP (PP of (NP its capability )NP )PP )NP (NP last week )NP , (PP compared (PP with (NP (NP (NP *UNKN % )NP (NP the previous week )NP )NP and (NP (NP 84 % )NP (ADVP (NP a year )NP ago )ADVP )NP )NP )PP )PP )VP . )S  STOP
(S (NP The capability utilization rate )NP (VP is (NP (NP a *UNK )NP (VP designed (S (VP to (VP indicate (SBAR (WHPP at (WHNP (WHNP what percent )WHNP (PP of (NP its production capability )NP )PP )WHNP )WHPP (S (NP the industry )NP (VP is (VP operating (PP in (NP a given week )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP )NP )VP . )S  STOP
(S (NP *UNKC B. *UNKC )NP (VP was (VP named (S (NP (NP executive director )NP (PP of (NP the commission )NP )PP )NP )S , (S (ADJP effective (NP early November )NP )ADJP )S )VP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (ADJP (NP 52 years )NP old )ADJP , )NP (VP succeeds (NP (NP *UNKC *UNKC )NP , (NP 36 )NP , (SBAR (WHNP who )WHNP (S (VP resigned (S (VP to (VP join (NP (NP Hong Kong 's )NP Securities and Futures Commission )NP )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP was (NP (NP (NP (NP vice president )NP and (NP director )NP )NP , (NP corporate finance )NP , )NP (PP of (NP (NP *UNKC Thomson *UNKC Inc. )NP , (NP a Toronto investment dealer )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Dun & Bradstreet Corp. 's )NP Market Data *UNKC unit )NP (VP said (SBAR (S (NP it )NP (VP acquired (NP School and College Construction Reports service )NP (PP from (NP (NAC Intelligence (PP for (NP Education )NP )PP )NAC Inc )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Terms )NP (VP were n't (VP disclosed )VP )VP . )S  STOP
(S (NP The service )NP (VP supplies (NP (NP weekly reports )NP (PP on (NP school and college construction plans )NP )PP )NP )VP . )S  STOP
(S (NP Market Data *UNKC )NP (VP (VP is (NP (NP a *UNK )NP (PP of (NP educational information )NP )PP )NP )VP and (VP provides (NP related services )NP )VP )VP . )S  STOP
(S (NP (NP (ADJP *UNKLY held )ADJP Intelligence )NP (PP in (NP Education )NP )PP , (PP of (NP (NP *UNKC )NP , (NP N.Y. )NP , )NP )PP )NP (VP is (NP an educational publisher and consultant )NP )VP . )S  STOP
(S (NP (NP A battle )NP )NP (VP is (VP *UNKING (PP in (NP Venice )NP )PP (PP over (NP plans (S (VP to (VP have (S (NP the *UNK- Italian city )NP (VP be (NP (NP the site )NP (PP for (NP a universal *UNK )NP )PP )NP (PP in (NP 2000 )NP )PP )VP )S )VP )VP )S )NP )PP )VP )VP . )S  STOP
(S (NP The plans )NP (VP include (NP (NP (NP a *UNK system )NP , (NP a *UNK center )NP , (NP floating trees )NP , (NP *UNK *UNK )NP )NP -- and (NP (NP (QP as many as 60,000 )QP additional tourists )NP (NP a day )NP )NP )NP )VP . )S  STOP
(S (NP *UNKC *UNK )NP (VP argue (SBAR that (S (S (VP holding (NP the fair )NP )VP )S (VP would (VP (VP attract (NP businesses )NP )VP , (VP create (NP jobs )NP )VP and (VP help (S (VP *UNK (NP (NP abandoned sections )NP (PP of (NP town )NP )PP )NP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP opponents )NP (VP fear (NP *UNKING )NP )VP . )S  STOP
(SINV `` (S (S (NP This city )NP (ADVP already )ADVP (VP has (NP too many tourists )NP )VP )S , and (S (NP it )NP (VP ca n't (VP hold (NP (NP them )NP (NP all )NP )NP )VP )VP )S )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP the president )NP (PP of (NP the Venice *UNK association )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP (QP About 40 )QP Italian businesses )NP , (PP including (NP (NP Fiat S.p . A. )NP and (NP *UNKC . C. Olivetti & Co. )NP )NP )PP , )NP (VP have (VP formed (NP (NP a consortium )NP (SBAR (S (VP to (VP lobby (PP for (S (VP holding (NP the *UNK )NP (PP in (NP Venice )NP )PP )VP )S )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP Three gambling casinos )NP (VP have (VP opened (PP in (NP Poland )NP )PP )VP )VP . )S  STOP
(S (NP (NP The three *UNK )NP -- (NP (NP (NP two )NP (PP in (NP Warsaw )NP )PP )NP and (NP (NP one )NP (PP in (NP *UNKC )NP )PP )NP )NP -- )NP (VP (VP accept (NP only foreign currency )NP )VP and (VP are (NP (NP joint ventures )NP (PP between (NP (NP Polish firms )NP and (NP Western companies )NP )NP )PP )NP )VP )VP . )S  STOP
(S (NP Not all Poles )NP (VP are (ADJP pleased )ADJP )VP . )S  STOP
(S (SBARQ `` (WHNP What )WHNP (SQ do (NP we )NP (VP want (NP casinos )NP (PP for )PP (SBAR (WHADVP when )WHADVP (S (NP we )NP (VP have n't (VP got (NP anything )NP (PP in (NP the shops )NP )PP )VP )VP )S )SBAR )VP )SQ )SBARQ ? '' (NP one *UNK )NP (VP asked )VP . )S  STOP
(S But (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP runs (NP (NP the casino )NP (PP at (NP (NP Warsaw 's )NP *UNKC Hotel )NP )PP )NP )VP )S )SBAR , )NP (VP said (SBAR (S (NP the ventures )NP (VP would (VP help (S (NP Poland )NP (VP service (NP its (ADJP (QP $ 39 billion )QP )ADJP foreign debt )NP (PP by (S (VP pouring (NP dollars )NP (PP into (NP (NP (NP the state firms )NP (PP in (NP the joint ventures )NP )PP )NP -- (NP (NP the *UNKC airline )NP and (NP *UNKC tourist organization )NP )NP )NP )PP )VP )S )PP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP plans (S (VP to (VP increase (NP (NP natural-gas sales )NP (PP to (NP (NP Europe )NP and (NP the U.S. )NP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (PP According (PP to (NP the Middle East Economic *UNKC )NP )PP )PP , (NP the (ADJP North African )ADJP nation )NP (VP is (VP holding (NP (NP talks )NP (PP with (NP Italy )NP )PP (PP for (S (VP adding (NP a fourth *UNK )NP (PP to (NP (NP a section )NP (PP of (NP the *UNKC pipeline )NP )PP )NP )PP , (S (VP expanding (NP capacity )NP (PP by (NP (NP (QP up to six billion )QP cubic *UNK )NP (NP a year )NP )NP )PP (PP from (NP 12.5 billion )NP )PP )VP )S )VP )S )PP )NP )VP )VP . )S  STOP
(S (NP *UNKC )NP (ADVP also )ADVP (VP wants (S (VP to (VP build (NP a pipeline )NP (PP (PP through (NP *UNKC )NP )PP and (PP across (NP (NP the *UNKC )NP (PP of (NP *UNKC )NP )PP )NP )PP )PP (S (VP to (VP supply (NP (NP Spain )NP , (NP France )NP and (NP West Germany )NP )NP (PP with (NP (NP (QP up to 15 billion )QP cubic *UNK )NP (NP a year )NP )NP )PP (PP by (NP the late 1990s )NP )PP )VP )VP )S )VP )VP )S )VP . )S  STOP
(S (S (NP (NP (NP South Africa 's )NP National Union )NP (PP of (NP *UNKC )NP )PP )NP (VP agreed (S (VP to (VP (VP suspend (NP (NP the strike )NP (PP by (NP diamond workers )NP )PP )NP )VP and (VP resume (NP (NP negotiations )NP (PP with (NP De Beers Consolidated *UNKC Ltd. )NP )PP (PP over (NP their wage dispute )NP )PP )NP )VP )VP )VP )S )VP )S , (NP De Beers )NP (VP said )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP said (SBAR (S (NP the union )NP (VP had (VP agreed (S (VP to (VP meet (NP the company )NP (PP for (NP further talks )NP )PP (NP tomorrow )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The strike )NP (PP at (NP five De Beers mines )NP )PP )NP (VP began (NP last Thursday )NP , (PP with (S (NP (NP *UNKN )NP (PP out (PP of (NP (NP a total 10,000 *UNKC members )NP (VP employed (PP on (NP De Beers mines )NP )PP )VP )NP )PP )PP )NP (VP participating )VP )S )PP , (PP according (PP to (NP the union )NP )PP )PP , (SBAR while (S (NP De Beers )NP (VP said (SBAR (S (NP there )NP (VP were (NP *UNKN participants )NP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP The union )NP (VP has (VP demanded (NP (NP a (ADJP *UNKN % )ADJP increase )NP (PP in (NP the minimum wage )NP )PP )NP (SBAR while (S (NP (NP De Beers 's )NP final offer )NP (VP was (NP (NP an increase )NP (PP of (NP 17 % )NP )PP )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP A *UNK- environmental conference )NP (VP opened (PP in (NP (NP *UNKC )NP , (NP *UNKC )NP )NP )PP )VP . )S  STOP
(S (NP The gathering )NP (VP is (VP expected (S (VP to (VP focus (PP on (S (VP (VP curbing (NP (NP the *UNKING )NP (PP of (NP *UNK and *UNK )NP )PP )NP )VP , (VP limiting (NP (NP damage )NP (PP from (NP industrial *UNK )NP )PP )NP )VP and (VP improving (NP (NP the handling )NP (PP of (NP harmful chemicals )NP )PP )NP )VP )VP )S )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (ADJP West German )ADJP *UNKC Minister *UNKC *UNKC )NP (VP said (SBAR (S (NP Bonn )NP (VP is (VP convinced (PP of (NP (NP the need )NP (PP for (NP (NP cooperation )NP , `` (PP (ADVP especially )ADVP with (NP (NP our neighbors )NP (PP in (NP the East )NP )PP )NP )PP )NP )PP )NP )PP , (SBAR because (S (NP we )NP (VP are (VP (ADVP directly )ADVP affected (PP by (NP (NP (NP their *UNK progress )NP or (NP (NP lack )NP (PP of (NP it )NP )PP )NP )NP )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP (NP The U.S. )NP and (NP Canada )NP )NP (VP joined (NP (NP every European country )NP (PP except (NP *UNKC )NP )PP )NP (PP at (NP the meeting )NP )PP )VP . )S  STOP
(S (NP (NP The Swedish publishers )NP (PP of (NP a new *UNKC newspaper )NP )PP )NP (VP rushed (NP an extra edition )NP (PP across (NP the *UNKC )NP )PP (PP on (NP Oct. 10 )NP )PP (SBAR after (S (NP the first run )NP (VP sold (PRT out )PRT (PP in (NP one day )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC *UNKC *UNKC )NP (VP said (SBAR (S (NP plans )NP (VP had (VP called (SBAR for (S (S (NP (NP *UNKN copies )NP (PP of (NP the monthly Are *UNKC (PRN -LRB- Business Paper -RRB- )PRN )NP )PP )NP (VP to (VP be (VP sold (PP at (NP *UNK )NP )PP )VP )VP )VP )S and (S (NP an (QP additional 3,000 )QP promotion issues )NP (VP to (VP be (VP sent (PP by (NP direct mail )NP )PP )VP )VP )VP )S )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP (QP *UNKN more )QP copies )NP (VP were (VP sent (PP to (NP *UNKC )NP )PP (PP because of (NP strong sales )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (NP The Swedish publishing company *UNKC )NP (VP owns (NP (NP 51 % )NP (PP of (NP Are *UNKC )NP )PP )NP )VP )S , and (S (NP the *UNKC management company *UNKC )NP (VP owns (NP 49 % )NP )VP )S . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP Mexico 's )NP top debt *UNK )NP , )NP (VP said (SBAR (S (NP (NP the country 's )NP creditor banks )NP (VP are (VP responding (ADVP *UNKLY )ADVP (PP to (NP (NP Mexico 's )NP *UNK- package )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Mr. *UNKC 's )NP optimism )NP (VP *UNK (PP with (NP (NP some bankers ' )NP views (SBAR that (S (NP the deal )NP (VP may (VP require (NP (NP a lot )NP (PP of (NP arm *UNKING )NP )PP (PP by (NP the U.S. Treasury )NP )PP )NP (SBAR in order (S (VP to (VP succeed )VP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (NP (NP (NP Mexico 's )NP *UNK- )NP (PP of (NP (NP the ministry )NP (PP of (NP finance )NP )PP )NP )PP )NP , )NP (VP met (NP yesterday )NP (PP with (NP European bankers )NP )PP (PP in (NP London )NP )PP , (PP at (NP (NP the *UNK- point )NP (PP on (NP (NP a so-called road show )NP (SBAR (S (VP to (VP market (NP the package )NP (PP around (NP the world )NP )PP )VP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (S (NP (NP An increasing number )NP (PP of (NP banks )NP )PP )NP (VP appear (S (VP to (VP be (VP considering (NP (NP the option )NP (PP under (NP the deal )NP )PP (SBAR (WHADVP *UNK )WHADVP (S (NP they )NP (VP can (VP swap (NP their Mexican loans )NP (PP for (NP (NP 30-year bonds )NP (PP with (NP (NP a face value )NP (VP discounted (PP by (NP 35 % )NP )PP )VP )NP )PP )NP )PP )VP )VP )S )SBAR )NP )VP )VP )VP )S )VP )S , (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (NP The other two options )NP (VP consist (PP of (S (VP (VP *UNKING (NP loans )NP (PP for (NP (NP bonds )NP (PP with (NP (ADJP 6.25 % )ADJP interest rates )NP )PP )NP )PP )VP , or (VP providing (NP fresh loans )NP )VP )VP )S )PP )VP . )S  STOP
(S (NP (NP The accord )NP , (SBAR (WHNP which )WHNP (S (VP covers (NP (NP (QP $ *UNKN billion )QP )NP (PP of (NP (NP Mexico 's )NP (ADJP medium - and long-term )ADJP debt )NP )PP )NP )VP )S )SBAR , )NP (VP is (VP expected (S (VP to (VP go (PP into (NP effect )NP )PP (PP in (NP early )NP )PP )VP )VP )S )VP )VP )S  STOP
(S (S (NP (NP (NP China 's )NP top film *UNK )NP , (NP *UNKC *UNKING )NP , )NP (VP paid (NP (NP $ *UNKN )NP (PP in (NP (NP back taxes )NP and (NP fines )NP )NP )PP )NP (PP in (NP *UNKC province )NP )PP )VP )S , (NP (NP the People 's )NP Daily )NP (VP reported )VP . )S  STOP
(S (NP The amount )NP (VP is (ADJP equal (PP to (NP (NP (QP about 30 )QP years earnings )NP (PP for (NP (NP the average *UNK )NP , (SBAR (WHNP who )WHNP (S (VP makes (NP (NP $ 145 )NP (NP a year )NP )NP )VP )S )SBAR )NP )PP )NP )PP )ADJP )VP ... . )S  STOP
(S (S (NP China )NP (VP will (VP spend (NP (QP $ *UNKN million )QP )NP (PP for (NP (NP *UNK maintenance )NP (PP on (NP (NP (NP *UNKC 's )NP *UNKC *UNKC )NP , (NP (NP former home )NP (PP of (NP the *UNKC *UNKC )NP )PP )NP )NP )PP )NP )PP )VP )VP )S , (NP the China News Service )NP (VP said )VP . )S  STOP
(S (NP (NP The *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP was (ADVP just )ADVP (VP awarded (NP the Nobel *UNKC *UNKC )NP )VP )VP )S )SBAR , )NP (VP lives (PP in (NP *UNK )NP )PP (PP in (NP India )NP )PP )VP . )S  STOP
(S (NP (NP George W. Koch )NP , (ADJP (NP 63 years )NP old )ADJP , (NP (NP (NP president )NP and (NP chief executive officer )NP )NP (PP of (NP (NP *UNKC Manufacturers )NP (PP of (NP America Inc. )NP )PP )NP )PP )NP , )NP (VP was (VP elected (S (NP (NP a director )NP (PP of (NP (NP this maker )NP (PP of (NP (NP *UNK )NP , (NP *UNK )NP and (NP specialty foods )NP )NP )PP )NP )PP )NP )S , (S (VP succeeding (NP (NP *UNKC N. White Jr. )NP , (NP 65 )NP , (SBAR (WHNP who )WHNP (S (VP resigned )VP )S )SBAR )NP )VP )S )VP )VP . )S  STOP
(S (NP American Business Computer Corp. )NP (VP said (SBAR (S (NP it )NP (VP (ADVP privately )ADVP placed (NP *UNKN common shares )NP (PP at (NP (NP $ 2.50 )NP (NP a share )NP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The placement )NP (VP was (VP made (PP through (NP (NP Gray *UNKC Securities )NP , (NP New York )NP , )NP )PP (PP to (NP institutional investors )NP )PP )VP )VP . )S  STOP
(S (NP Proceeds )NP (VP will (VP be (VP used (S (VP to (VP (VP *UNK (NP (ADJP recently *UNKED )ADJP technology )NP )VP and (VP support (NP (NP the company 's )NP international expansion )NP )VP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP The company )NP (VP develops and markets (NP products )NP (PP for (NP the food service industry )NP )PP )VP . )S  STOP
(S (NP THE *UNKC *UNKC & *UNK . department-store chain )NP (VP is n't (PP for (NP sale )NP )PP )VP . )S  STOP
(S (PP In (NP (NP yesterday 's )NP edition )NP )PP , (NP it )NP (VP was (VP (ADVP incorrectly )ADVP included (PP with (NP (NP a list )NP (PP of (NP (NP New York chains )NP (PP up (PP for (NP sale )NP )PP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (S (NP Korean car exports )NP (VP have (VP slid (NP (QP about 40 )QP % )NP (NP (ADVP so far )ADVP this year )NP )VP )VP )S , but (S (NP (NP auto makers )NP (ADVP here )ADVP )NP (VP are n't (VP *UNKING )VP )VP )S . )S  STOP
(S (NP They )NP (VP are (VP enjoying (NP (NP domestic sales )NP (SBAR (WHNP that )WHNP (S (VP are (ADJP (ADJP more )ADJP (PP than (S (VP making (PRT up )PRT (PP for (NP lost overseas sales )NP )PP )VP )S )PP )ADJP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (ADJP South Korean )ADJP consumers )NP (VP are (VP expected (S (VP to (VP buy (NP (QP almost 500,000 )QP passenger cars )NP )VP )VP (NP this year )NP , (ADVP up (NP 60 % )NP (PP from (NP 1988 )NP )PP )ADVP )S )VP )VP . )S  STOP
(S (PP In (NP fact )NP )PP , (NP some auto executives )NP (VP suggest (SBAR that (S (S (NP (NP *UNKED demand )NP (PP for (NP their cars )NP )PP (PP in (NP (NP the U.S. )NP and (NP Canada )NP )NP )PP )NP (VP is (NP a *UNKING )NP )VP )S ; (S (ADVP otherwise )ADVP (NP they )NP (VP would n't (VP be (ADJP able (S (VP to (VP keep (PRT up )PRT (PP with (NP (NP demand )NP (PP in (NP the more profitable local market )NP )PP )NP )PP )VP )VP )S )ADJP )VP )VP )S )S )SBAR )VP . )S  STOP
(SINV `` (S (NP We )NP (VP are (ADJP very lucky (S (VP to (VP (ADVP easily )ADVP change (NP an export loss )NP (PP to (NP domestic plus )NP )PP )VP )VP )S )ADJP )VP )S , '' (VP says )VP (NP (NP Hong *UNK *UNKC )NP , (NP (NP managing director )NP (PP of (NP (NP domestic marketing )NP (PP for (NP Hyundai Motor Co )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (SBAR As (FRAG (S (NP it )NP (VP is )VP )S )FRAG )SBAR , (NP (NP waiting lists )NP (PP of (NP a month )NP )PP )NP (VP are n't (ADJP unusual )ADJP (PP for (NP popular models )NP )PP )VP . )S  STOP
(S (NP Demand )NP (VP is (ADJP (ADJP so strong )ADJP (SBAR that (S (NP (NP all )NP (PP of (NP (NP the domestic makers )NP -- (NP (NP Hyundai )NP , (NP *UNKC Motors Corp. )NP , (NP *UNKC Motor Co. )NP and (NP even *UNK *UNKC Motor Co. )NP )NP -- )NP )PP )NP (VP plan (S (VP to (VP build (NP more factories )NP )VP )VP )S )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP Industry analysts )NP (VP predict (SBAR that (S (PP by (NP 1995 )NP )PP , (NP South Korea )NP (VP will (VP be (VP building (NP (NP (QP three million )QP cars )NP (NP a year )NP -- (NP (NP (QP about half )QP )NP (PP of (NP that )NP )PP (PP for (NP export )NP )PP )NP )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP It )NP (VP 's (NP (NP an optimistic move )NP (PP in (NP (NP a industry )NP (VP (ADVP already )ADVP facing (NP world-wide overcapacity )NP )VP )NP )PP )NP )VP . )S  STOP
(S But (NP (ADJP South Korean )ADJP auto makers )NP (VP are (ADJP confident (SBAR (SBAR that (S (NP the export market )NP (VP will (VP bounce (ADVP back )ADVP )VP )VP )S )SBAR and (SBAR that (S (NP (NP demand )NP (PP in (NP Korea )NP )PP )NP (VP will (VP stay (ADJP strong )ADJP )VP )VP )S )SBAR )SBAR )ADJP )VP . )S  STOP
(S (ADVP Currently )ADVP (NP (NP only one )NP (PP in (NP 38 South Koreans )NP )PP )NP (VP owns (NP a car )NP , (ADVP up (PP from (NP (NP one )NP (PP in (NP 200 )NP )PP )NP (ADVP (NP a decade )NP ago )ADVP )PP )ADVP )VP . )S  STOP
(S `` (PP In (NP the year 2000 )NP )PP (NP it )NP (VP will (VP be (NP (NP one car )NP (PP per (NP family )NP )PP )NP )VP )VP . )S  STOP
(SINV (S (PP At (NP that point )NP )PP (NP domestic sales )NP (VP will (VP slow (ADVP down )ADVP )VP )VP )S , '' (VP says )VP (NP (NP Kim *UNKC *UNKC )NP , (NP (NP director )NP (PP of (NP marketing )NP )PP (PP for (NP Daewoo Motor )NP )PP )NP )NP . )SINV  STOP
(S (S (NP (NP The reason )NP (PP for (NP the tremendous demand )NP )PP )NP (VP is (NP simple )NP )VP )S : (S (NP South Koreans )NP (ADVP suddenly )ADVP (VP have (NP (ADJP a lot more )ADJP money )NP )VP )S . )S  STOP
(SINV `` (S (NP We )NP (ADVP never )ADVP (VP thought (SBAR (S (NP we )NP (VP 'd (VP own (NP a car )NP )VP )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP *UNKC *UNK *UNKC )NP , (SBAR (WHNP who )WHNP (S (ADVP just )ADVP (VP bought (NP a Daewoo *UNKC )NP (PP on (NP a five-year loan )NP )PP )VP )S )SBAR )NP . )SINV  STOP
(S (NP (NP She )NP and (NP her husband )NP )NP (VP (VP started (NP a small printing business )NP )VP and (VP need (NP the car )NP (PP (PP for (NP work )NP )PP (CONJP as well as )CONJP (PP for (NP weekend *UNK )NP )PP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC raises )NP (PP of (NP 60 % )NP )PP (PP over (NP the past three years )NP )PP )NP (VP have (VP given (NP many South Koreans )NP (NP (NP the money )NP (SBAR (S (VP to (VP enjoy (NP (NP the things )NP (SBAR (S (NP they )NP (VP were (VP *UNKING (NP (NP the rest )NP (PP of (NP the world )NP )PP )NP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP (NP The success )NP (PP of (NP *UNK *UNKC Motor )NP )PP )NP (VP shows (NP (NP (NP the strength )NP (PP of (NP the auto market )NP )PP )NP and (NP its growing *UNK )NP )NP )VP . )S  STOP
(S (S (NP (NP A part )NP (PP of (NP the *UNKED conglomerate *UNKC Group )NP )PP )NP )S , (NP it )NP (VP took (PRT over )PRT (NP the dying *UNKC Motor Co. )NP (PP in (NP 1986 )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP began (S (VP making (NP (NP variations )NP (PP of (NP the *UNKC `` *UNKC '' vehicle )NP )PP )NP )VP )S )VP . )S  STOP
(S -LRB- (NP *UNKC )NP (VP had (VP had (NP (NP a technology agreement )NP (PP with (NP (NP Jeep maker American Motors Corp. )NP , (NP (ADVP now )ADVP (NP a part )NP (PP of (NP Chrysler Corp )NP )PP )NP )NP )PP )NP )VP )VP . -RRB- )S  STOP
(S (NP The (ADJP most popular )ADJP style )NP (VP is (NP (NP the stretched `` Family )NP , '' (SBAR (WHNP which )WHNP (S (VP *UNK (NP a (NX (NX Ford *UNKC )NX or (NX Chevy *UNKC )NX )NX )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP The *UNK- vehicles )NP (VP start (PP at (NP $ 15,000 )NP )PP )VP )S ; (S (NP a Family )NP (VP can (VP cost (NP (QP over $ 25,000 )QP )NP )VP )VP )S . )S  STOP
(S (NP (NP *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP has (NP (NP (QP only about 3 )QP % )NP (PP of (NP the domestic market )NP )PP )NP )VP )S )SBAR , )NP (VP will (VP sell (NP (NP (NP (QP about 18,000 )QP )NP (PP of (NP its models )NP )PP )NP )NP (NP this year )NP , (NP (NP (QP twice as many )QP )NP (PP as (NP last year )NP )PP )NP )VP )VP . )S  STOP
(S (NP It )NP (VP sees (S (NP sales )NP (VP rising (NP 45 % )NP (PP to (NP *UNKN units )NP (NP next year )NP )PP )VP )S )VP . )S  STOP
(S (NP The company )NP (VP plans (S (VP to (VP expand (NP plant capacity )NP (NP 50 % )NP (PP by (NP 1991 )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP By (ADVP then )ADVP )PP (NP it )NP (ADVP also )ADVP (VP hopes (S (VP to (VP begin (S (VP producing (NP (NP a passenger car )NP (VP (VP based (PP on (NP the *UNKC 240 )NP )PP )VP and (VP selling (PP for (NP (QP about $ 20,000 )QP )NP )PP )VP )VP )NP )VP )S )VP )VP )S )VP . )S  STOP
(S (S (NP Hyundai and Daewoo )NP (VP seem (ADJP *UNKED (PP about (NP the *UNKC threat )NP )PP )ADJP )VP )S , but (S (NP (NP *UNKC )NP , (NP the *UNK *UNKC auto maker )NP , )NP (VP is (VP selling (NP *UNK- vehicles )NP (PP through (NP its Asia unit )NP )PP )VP )VP )S . )S  STOP
(S (NP It )NP (VP plans (S (VP to (VP sell (NP *UNKN units )NP (PP in (NP 1989 )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC )NP , (NP (NP the only Korean car maker )NP (SBAR (WHNP that )WHNP (S (VP has (VP seen (S (NP its overseas sales )NP (VP grow (PP in (NP 1989 )NP )PP )VP )S )VP )VP )S )SBAR )NP , )NP (VP aims (PP at (NP (NP Korea 's )NP common man )NP )PP )VP . )S  STOP
(S (NP Its advantage )NP (VP has (VP been (NP (NP the *UNK little *UNKC )NP , (VP sold (PP as (NP the Ford *UNKC )NP )PP (PP in (NP the U.S. )NP )PP )VP )NP )VP )VP . )S  STOP
(S (PP At (NP (NP (QP 3.8 million )QP won )NP , or (NP $ *UNKN )NP , )NP )PP (NP the *UNK )NP (VP is (NP the *UNKED car )NP (PP in (NP South Korea )NP )PP )VP . )S  STOP
(S (PP Along (PP with (NP two larger models )NP )PP )PP , (NP the company )NP (VP claims (NP (NP 18 % )NP (PP of (NP the domestic market )NP )PP )NP )VP . )S  STOP
(S (NP (NP Ford Motor Co. )NP and (NP (NP Japan 's )NP Mazda Motor Corp. )NP )NP (VP have (NP (NP equity interests )NP (PP in (NP *UNKC )NP )PP )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (NP (NP the most aggressive )NP (PP of (NP the Korean Big Three )NP )PP )NP (PP in (S (VP offering (NP financing )NP )VP )S )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP for (ADVP as long (PP as (NP five years )NP )PP )ADVP )PP )NP (VP make (S (NP the cars )NP (ADJP very *UNK )ADJP )S , (PP with (NP (NP monthly payments )NP (ADJP as low (PP as (NP (NP 80,000 won )NP , or (NP $ 120 )NP )NP )PP )ADJP )NP )PP )VP . )S  STOP
(S (NP (NP Daewoo Motor )NP , (NP (NP a 50-50 joint venture )NP (PP with (NP (NP General Motors Corp. )NP and (NP the Daewoo Group conglomerate )NP )NP )PP )NP , )NP (VP is (NP (NP the only auto maker )NP (SBAR (WHNP that )WHNP (S (VP appears (S (VP to (VP be (VP hurting )VP )VP )VP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP of (NP its *UNKC )NP )PP (PP to (NP (NP GM 's )NP *UNKC division )NP )PP )NP (VP are (ADVP off (NP (QP about 65 )QP % )NP )ADVP (PP from (ADVP (NP a year )NP ago )ADVP )PP , (PP *UNK (NP (NP (NP a (ADJP 44 % )ADJP decline )NP (PP for (NP Hyundai )NP )PP )NP and (NP (NP an (ADJP 18 % )ADJP increase )NP (PP for (NP *UNKC )NP )PP )NP )NP )PP )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP (NP Daewoo 's )NP domestic sales )NP (VP have (VP grown (ADVP (ADVP half as fast )ADVP (PP as (NP (NP sales )NP (PP of (NP its rivals )NP )PP )NP )PP )ADVP )VP )VP . )S  STOP
(S (NP (NP The big problem )NP (PP for (NP (NP Daewoo )NP , (SBAR (WHNP which )WHNP (S (VP holds (NP (NP (QP about 21 )QP % )NP (PP of (NP the market )NP )PP )NP )VP )S )SBAR , )NP )PP )NP (VP is (NP (NP the long series )NP (PP of (NP (NP labor disruptions )NP (SBAR (S (NP it )NP (VP suffered (NP this year )NP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S But (NP Daewoo )NP (VP is (VP expanding (ADVP too )ADVP )VP )VP . )S  STOP
(S (PP In (NP fact )NP )PP , (NP (NP a sister company )NP , (NP Daewoo *UNKING and Heavy *UNKC )NP , )NP (VP plans (S (VP to (VP build (NP *UNKN *UNK )NP (PP by (NP the mid-1990s )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP Hyundai )NP , (NP (NP the Korean market leader )NP (PP with (NP a (ADJP 58 % )ADJP share )NP )PP )NP , )NP (ADVP also )ADVP (VP plans (S (VP to (VP jump (PP into (NP *UNK )NP )PP (PP at (NP the same time )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP It )NP (VP has (NP (NP a similar project )NP (PP for (NP (NP 200,000 cars )NP (NP a year )NP )NP )PP )NP )VP . )S  STOP
(S (NP Kia )NP (VP is (ADVP reportedly )ADVP (ADVP also )ADVP (VP considering (NP (ADJP such a )ADJP plan )NP )VP )VP . )S  STOP
(S (S (NP Even giant *UNKC Group )NP (VP is (VP rumored (PP in (NP the Korean press )NP )PP (S (VP to (VP be (VP considering (S (VP getting (PP into (NP the *UNKING business )NP )PP )VP )S )VP )VP )VP )S )VP )VP )S ; (S (NP a company spokesman )NP (VP had (NP no comment )NP )VP )S . )S  STOP
(S (NP (NP Robert P. *UNKC )NP , (ADJP (NP 44 years )NP old )ADJP , )NP (VP was (VP named (S (NP (NP (NP president )NP and (NP chief administrative officer )NP )NP (PP of (NP this regional commercial bank )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP Both posts )NP (VP had (VP been (ADJP vacant )ADJP )VP )VP . )S  STOP
(S (NP (NP Robert *UNKC )NP , (NP 51 )NP , )NP (VP was (VP named (PP to (NP (NP the new positions )NP (PP of (NP (NP vice chairman )NP and (NP chief credit officer )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Many *UNK mutual fund investors )NP (VP (VP picked (PRT up )PRT (NP the phone )NP (NP yesterday )NP )VP , but (VP decided (S not (VP to (VP cash (PRT in )PRT (NP their chips )NP (PP after (NP all )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (SBAR As (S (NP the stock market )NP (VP *UNKED (ADVP back )ADVP )VP )S )SBAR , (NP (NP withdrawals )NP (PP of (NP money )NP )PP (PP from (NP stock funds )NP )PP )NP (VP amounted (PP to (NP a mere *UNK )NP )PP (PP compared (PP with (NP (NP Black Monday )NP , (SBAR (WHADVP when )WHADVP (S (NP investors )NP (VP dumped (NP (NP (QP $ 2.3 billion )QP )NP , or (NP (NP (QP about 2 )QP % )NP (PP of (NP *UNK- assets )NP )PP )NP )NP )VP )S )SBAR )NP )PP )PP )VP . )S  STOP
(S (NP (NP Fidelity Investments )NP , (NP (NP the nation 's )NP largest fund company )NP , )NP (VP said (SBAR (S (NP phone volume )NP (VP was (NP (NP (QP more than double )QP its typical level )NP , but (ADVP still )ADVP (NP (NP half that )NP (PP of (NP (NP Oct. 19 )NP , (NP 1987 )NP )NP )PP )NP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Net outflows )NP (PP from (NP (NP Fidelity 's )NP stock funds )NP )PP )NP (VP stood (PP (PP at (NP (QP less than $ 300 million )QP )NP )PP , or (PP below (NP (NP 15 % )NP (PP of (NP (NP the (ADJP (QP $ 2 billion )QP )ADJP cash position )NP (PP of (NP (NP the firm 's )NP stock portfolios )NP )PP )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP (NP Much )NP (PP of (NP the money )NP )PP )NP (VP was (VP switched (PP into (NP (NP the firm 's )NP money market funds )NP )PP )VP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP since (NP (NP the close )NP (PP of (NP trading )NP )PP (NP Friday )NP )NP )PP )NP (VP remain (PP below (NP (NP one-third their level )NP (PP of (ADVP (NP two years )NP ago )ADVP )PP )NP )PP )VP )S , (NP Fidelity )NP (VP said )VP . )S  STOP
(S (NP Other mutual fund companies )NP (VP reported (NP (ADJP even lighter )ADJP withdrawal requests )NP )VP . )S  STOP
(S And (NP (NP some investors )NP (PP at (NP Fidelity and elsewhere )NP )PP )NP (ADVP even )ADVP (VP began (S (VP buying (NP stock funds )NP (PP during (NP the day )NP )PP )VP )S )VP . )S  STOP
(SINV `` (S (ADVP (NP Two years )NP ago )ADVP , (NP there )NP (VP was (NP (NP (NP a lot )NP (PP of (NP redemption activity )NP )PP )NP and (NP (NP trouble )NP (PP with (S (NP people )NP (VP getting (PRT through )PRT (PP on (NP the phone )NP )PP )VP )S )PP )NP )NP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP , (NP (NP head )NP (PP of (NP (NP the investment management division )NP (PP of (NP the Securities and Exchange Commission )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP This time )NP , `` (NP We )NP (VP do n't (VP have (NP that )NP (ADVP at all )ADVP )VP )VP . '' )S  STOP
(S (PP Of (NP course )NP )PP , (NP the relative calm )NP (VP could (VP be (VP jolted (SBAR if (S (NP the market )NP (VP *UNK (ADVP again )ADVP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S And (NP (NP any strong surge )NP (PP in (NP redemptions )NP )PP )NP (VP could (VP force (S (NP some funds )NP (VP to (VP dump (NP stocks )NP (S (VP to (VP raise (NP cash )NP )VP )VP )S , (SBAR as (S (NP some )NP (VP did (VP (PP during (NP Black Monday )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S But (NP funds )NP (ADVP generally )ADVP (VP are (ADJP better prepared )ADJP (ADVP (NP this time )NP around )ADVP )VP . )S  STOP
(S (PP As (NP a group )NP )PP , (NP (NP their cash position )NP (PP of (NP (NP (NP 10.2 % )NP (PP of (NP assets )NP )PP (PP in (NP August )NP )PP )NP -- (NP (NP the latest figure )NP (ADJP available )ADJP )NP -- )NP )PP )NP (VP is (ADJP (ADJP (NP 14 % )NP higher )ADJP (PP than (ADVP (NP two years )NP earlier )ADVP )PP )ADJP )VP . )S  STOP
(S (NP Many fund managers )NP (VP have (VP boosted (NP their cash levels )NP (PP in (NP recent weeks )NP )PP )VP )VP . )S  STOP
(S (NP (NP The biggest flurry )NP (PP of (NP investor activity )NP )PP )NP (VP came (ADVP early (PP in (NP the day )NP )PP )ADVP )VP . )S  STOP
(S (NP Vanguard Group Inc. )NP (VP saw (NP (NP heavy exchanges )NP (PP from (NP stock funds )NP )PP (PP into (NP money market funds )NP )PP )NP (SBAR after (S (NP the telephone lines )NP (VP opened (PP at (NP *UNKN a.m )NP )PP )VP )S )SBAR )VP . )S  STOP
(S `` (S (PP In (NP the first hour )NP )PP , (NP the (ADJP real nervous )ADJP folks )NP (VP came (ADVP along )ADVP )VP )S , '' (NP a spokesman )NP (VP said )VP . )S  STOP
(S `` But (NP (NP the *UNK pace )NP (PP of (NP call volume )NP )PP (PP in (NP the first half-hour )NP )PP )NP (VP slowed (ADVP considerably )ADVP )VP . '' )S  STOP
(S (PP At (NP *UNKC , Stevens & Clark Inc. )NP )PP , (NP phone calls )NP (VP came (PRT in )PRT (PP at (NP (NP (NP 40 % )NP more )NP (PP than (NP the normal pace )NP )PP )NP )PP (PP through (NP early afternoon )NP )PP )VP . )S  STOP
(S (NP (NP Most )NP (PP of (NP that increase )NP )PP )NP (VP came (PP in (NP (NP the first hour )NP (SBAR after (S (NP the phone lines )NP (VP opened (PP at (NP 8 a.m )NP )PP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (SBAR As (S (NP stocks )NP (VP rose )VP )S )SBAR , (PP in (NP fact )NP )PP , (NP some investors )NP (VP (VP changed (NP course )NP )VP and (VP reversed (NP their sell orders )NP )VP )VP . )S  STOP
(S (NP Many funds )NP (VP allow (S (NP investors )NP (VP to (VP *UNK (NP orders )NP (PP before (NP (NP the close )NP (PP of (NP trading )NP )PP )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP (PP At (NP *UNKC )NP )PP and (PP at (NP (NP the smaller Ivy funds group )NP (PP in (NP (NP *UNKC )NP , (NP Mass. )NP , (PP for (NP instance )NP )PP )NP )PP )NP )PP )PP , (NP some shareholders )NP (VP (VP called (PP (ADVP early )ADVP in (NP the morning )NP )PP (S (VP to (VP switch (NP money )NP (PP from (NP stock funds )NP )PP (PP to (NP money market funds )NP )PP )VP )VP )S )VP , but (VP (ADVP later )ADVP called (ADVP back )ADVP (S (VP to (VP reverse (NP the switches )NP )VP )VP )S )VP )VP . )S  STOP
(S (SBAR Because (S (NP mutual fund trades )NP (VP do n't (VP take (NP effect )NP (PP until (NP (NP the market close )NP (PRN -- (PP in (NP this case )NP )PP , (PP at (NP 4 p.m. )NP )PP -- )PRN )NP )PP )VP )VP )S )SBAR (NP these shareholders )NP (VP (ADVP effectively )ADVP stayed (PRT put )PRT )VP . )S  STOP
(S (PP At (NP (NP (NP Fidelity 's )NP office )NP (PP in (NP downtown Boston )NP )PP )NP )PP , (NP Gerald Sherman )NP (VP (VP walked (PRT in )PRT (PP (ADVP shortly )ADVP after (NP *UNKN a.m. )NP )PP )VP and (VP placed (NP an order (S (VP to (VP switch (NP his retirement accounts )NP (PP out (PP of (NP three stock funds )NP )PP )PP and (PP into (NP a money market fund )NP )PP )VP )VP )S )NP )VP )VP . )S  STOP
(S But (PP by (NP *UNKN p.m. )NP )PP , (PP with (NP (NP the market )NP (ADJP *UNKLY ahead (PP for (NP the day )NP )PP )ADJP )NP )PP , (NP Mr. Sherman )NP (VP was (VP preparing (S (VP to (VP *UNK (NP his switch )NP )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP (NP It )NP )NP (VP 's (NP a nice feeling )NP (S (VP to (VP know (SBAR that (S (NP things )NP (VP stabilized )VP )S )SBAR )VP )VP )S )VP )S , '' (VP said )VP (NP (NP Mr. Sherman )NP , (NP (NP the *UNK- *UNK- )NP (PP of (NP a discount department store )NP )PP )NP )NP . )SINV  STOP
(S But (NP some investors )NP (VP continued (S (VP to (VP switch (PP out (PP of (NP high-risk , high-yield junk funds )NP )PP )PP )VP )VP )S )VP (PP despite (NP (NP (NP yesterday 's )NP rebound )NP (PP from (NP (NP that market 's )NP recent price declines )NP )PP )NP )PP . )S  STOP
(S (NP Shareholders )NP (VP have (VP been (VP (ADVP steadily )ADVP *UNKING (PRT out )PRT (PP of (NP several big junk funds )NP )PP (NP the past several weeks )NP (SBAR as (S (NP the (ADJP (QP $ 200 billion )QP )ADJP market )NP (VP was (VP jolted (PP by (NP (NP (NP a cash crunch )NP (PP at (NP Campeau Corp. )NP )PP )NP and (NP steadily declining prices )NP )NP )PP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (S (NP (NP Much )NP (PP of (NP the money )NP )PP )NP (VP has (VP been (VP switched (PP into (NP money market funds )NP )PP )VP )VP )VP )S , (NP fund executives )NP (VP say )VP . )S  STOP
(S (PP Instead of (S (VP selling (NP bonds )NP (S (VP to (VP meet (NP redemptions )NP )VP )VP )S )VP )S )PP , (ADVP however )ADVP , (NP some funds )NP (VP have (VP borrowed (PP from (NP banks )NP )PP (S (VP to (VP meet (NP withdrawal requests )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP This )NP (VP *UNK (S (VP knocking (PRT down )PRT (NP prices )NP (ADVP further )ADVP )VP )S )VP . )S  STOP
(SINV (S (NP The (ADJP (QP $ 1.1 billion )QP )ADJP T. Rowe Price High *UNKC Fund )NP (VP was (PP among (NP (NP the funds )NP (SBAR (WHNP that )WHNP (S (VP borrowed (PP during (NP the Campeau crisis )NP )PP )VP )S )SBAR )NP )PP )VP )S , (VP says )VP (NP (NP George J. Collins )NP , (NP (NP president )NP (PP of (NP T. Rowe Price Associates Inc )NP )PP )NP )NP . )SINV  STOP
(S (NP That way )NP , (NP Mr. Collins )NP (VP says , `` (S (NP We )NP (VP did n't (VP have (S (VP to (VP sell (NP securities )NP (PP in (NP a *UNK market )NP )PP )VP )VP )S )VP )VP )S )VP . '' )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP the market )NP (VP stabilized )VP )S )SBAR (PRN , (S (NP he )NP (VP added )VP )S , )PRN (NP the firm )NP (VP (VP sold (NP the bonds )NP )VP and (VP (ADVP quickly )ADVP paid (NP the loans )NP (PRT back )PRT )VP )VP . )S  STOP
(S (NP Tom *UNKC )NP (VP contributed (PP to (NP this article )NP )PP )VP . )S  STOP
(S (NP *UNKC Financial Inc. )NP (VP said (SBAR (S (NP it )NP (VP agreed (S (VP to (VP acquire (NP (NAC Central (PP of (NP Illinois )NP )PP )NAC Inc. )NP (PP in (NP a stock swap )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Shareholders )NP (PP of (NP (NP Central )NP , (NP (NP a bank holding company )NP (VP based (PP in (NP (NP Sterling )NP , (NP Ill. )NP , )NP )PP )VP )NP )NP )PP )NP (VP will (VP receive (NP (NP *UNKC stock )NP (ADJP equal (PP to (NP (QP 10 times )QP (NP Central 's )NP 1989 earnings )NP )PP )ADJP )NP )VP )VP )S , (NP *UNKC )NP (VP said )VP . )S  STOP
(S (PP For (NP (NP the first nine months )NP (PP of (NP 1989 )NP )PP )NP )PP , (NP Central )NP (VP earned (NP (QP $ 2 million )QP )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP , (ADVP also )ADVP (NP a bank holding company )NP , )NP (VP has (NP (NP assets )NP (PP of (NP (QP $ 1.06 billion )QP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Central 's )NP assets )NP (VP are (NP (QP $ 240 million )QP )NP )VP . )S  STOP
(S -LRB- (PP During (NP its centennial year )NP )PP , (NP The Wall Street Journal )NP (VP will (VP report (NP (NP events )NP (PP of (NP the past century )NP )PP (SBAR (WHNP that )WHNP (S (VP stand (PP as (NP (NP milestones )NP (PP of (NP American business history )NP )PP )NP )PP )VP )S )SBAR )NP )VP )VP . -RRB- )S  STOP
(S (NP *UNKC *UNKC *UNKC )NP (VP (VP *UNKC (NP federal *UNKING )NP (PP on (NP (NP March 18 )NP , (NP 1971 )NP )NP )PP )VP , and (VP (ADVP quickly )ADVP became (NP eye *UNK )NP (PP for (NP their makers )NP )PP )VP )VP . )S  STOP
(S (NP The Food and Drug Administration )NP (NP that day )NP (VP said (SBAR (S (NP *UNKC & *UNKC )NP (VP could (VP start (S (VP selling (NP them )NP (PP in (NP the U.S. )NP )PP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The *UNK- product )NP (VP was (ADJP (ADJP (ADJP more comfortable )ADJP and (ADJP less *UNK (PP to (S (VP falling (PRT out )PRT )VP )S )PP )ADJP )ADJP (PP than (NP (NP hard contact *UNK )NP , (SBAR (WHNP which )WHNP (S (VP had (VP been (ADVP around )ADVP (PP since (NP *UNKN )NP )PP )VP )VP )S )SBAR )NP )PP )ADJP )VP . )S  STOP
(S (NP *UNKC & *UNKC )NP (VP sold (NP the *UNK )NP (PP under (NP (NP a *UNK )NP (PP from (NP (NP National *UNKC Development )NP , (SBAR (WHNP which )WHNP (S (VP had (VP gained (NP (NP the rights )NP (PP from (NP (NP the Czechoslovakia Academy )NP (PP of (NP Sciences )NP )PP )NP )PP )NP )VP )VP )S )SBAR )NP )PP )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP a *UNKC )NP , )NP (VP invented (NP them )NP (PP in (NP *UNKN )NP )PP )VP . )S  STOP
(S (NP The plastic *UNK )NP (VP *UNK (NP itself )NP (PP over (NP the *UNK )NP )PP , (S (VP *UNKING (NP eye *UNK )NP (SBAR while (S (VP *UNKING (S (NP *UNK )NP (VP to (VP pass (PRT through )PRT )VP )VP )S )VP )S )SBAR )VP )S )VP . )S  STOP
(S But (NP the new *UNK )NP (VP became (NP (NP the eye )NP (PP of (NP a storm )NP )PP )NP )VP . )S  STOP
(S (PP In (NP September 1971 )NP )PP (NP California officials )NP (VP seized (NP (NP `` *UNKED '' *UNK )NP -- (VP made (PP by (NP *UNKED companies )NP )PP )VP -- )NP (SBAR after (S (NP some )NP (VP showed (NP (NP *UNK )NP (PP of (NP bacteria )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP October )NP )PP (NP doctors )NP (VP were (VP *UNKING (NP (NP the product 's )NP safety )NP )VP , (S (NP some )NP (VP claiming (SBAR (S (NP it )NP (VP caused (NP *UNK )NP )VP )S )SBAR )VP )S )VP . )S  STOP
(S And (NP there )NP (VP were (NP (NP Senate hearings )NP (PP on (NP the questions )NP )PP )NP (PP in (NP July 1972 )NP )PP )VP . )S  STOP
(S (NP The product )NP (VP (VP *UNK (NP the bad publicity )NP )VP and (VP kept (S (VP *UNKING )VP )S )VP )VP . )S  STOP
(S (NP (NP The early soft *UNK )NP , (SBAR (WHNP which )WHNP (S (VP cost (NP (NP $ 300 )NP (NP a set )NP )NP )VP )S )SBAR , )NP (VP were (VP expected (S (VP to (VP last (PP for (NP a year )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (PP In (NP 1983 )NP )PP (NP (NP `` extended wear '' versions )NP , (VP designed (S (VP to (VP be (VP *UNK (PP for (NP (NP 30 days )NP (PP at (NP a time )NP )PP )NP )PP )VP )VP )VP )S )VP , )NP (VP *UNK (VP offered )VP )VP . )S  STOP
(S (S (ADVP (NP *UNKC months )NP ago )ADVP (NP a (ADJP `` disposable '' seven-day )ADJP model )NP (VP *UNKED )VP )S ; (S (NP (NP a year 's )NP supply )NP (VP costs (NP (QP about $ 500 )QP )NP )VP )S . )S  STOP
(S (NP Last month )NP (NP (NP the FDA )NP and (NP *UNKC *UNKC Institute )NP )NP (VP cautioned (NP users )NP (SBAR that (S (NP serious eye *UNK )NP (VP could (VP result (PP from (S (VP wearing (NP *UNK )NP (NP (NP (QP more than seven )QP days )NP (PP at (NP a stretch )NP )PP )NP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Today )NP (NP (NP (NP (QP 20 million )QP )NP (PP of (NP (NP the (QP 25 million )QP Americans )NP (VP using (NP contact lenses )NP )VP )NP )PP )NP )NP (VP are (VP using (NP the soft type )NP )VP )VP . )S  STOP
(S (PP Including (NP the *UNK eye care products )NP )PP , (NP contacts )NP (VP account (PP for (NP (NP (QP $ 2 billion )QP )NP (PP in (NP annual retail sales )NP )PP )NP )PP )VP . )S  STOP
(S (SBAR Although (S (NP *UNKC )NP (VP remains (NP the leader )NP (PP among (NP the six *UNK )NP )PP )VP )S )SBAR , (NP (NP Johnson & Johnson )NP , (PP with (NP its new *UNK )NP )PP , )NP (VP is (VP coming (PRT on )PRT (ADVP fast )ADVP )VP )VP . )S  STOP
(S (NP The *UNK- stock market )NP (VP is (VP making (S (NP life )NP (ADJP tougher (PP for (NP (NP small companies )NP (VP trying (S (VP to (VP raise (NP money )NP )VP )VP )S )VP )NP )PP )ADJP )S )VP )VP . )S  STOP
(S (S (PP In (NP (NP the wake )NP (PP of (NP (NP (NP Friday 's )NP plunge )NP and (NP (NP yesterday 's )NP rebound )NP )NP )PP )NP )PP , (NP some companies )NP (VP are (ADVP already )ADVP (VP *UNKING (NP deals )NP )VP )VP )S , and (S (NP others )NP (VP wish (SBAR (S (NP they )NP (VP could )VP )S )SBAR )VP )S . )S  STOP
(S (PP As (PP in (NP other jittery times )NP )PP )PP , (NP many small businesses )NP (VP expect (NP a (ADJP particularly rough )ADJP time )NP (S (VP raising (NP funds )NP )VP )S (SBAR as (S (NP investors )NP (VP *UNK (NP risky deals )NP , (S (VP seeking (NP safety )NP (PP in (NP bigger companies )NP )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (SBAR Even if (S (NP stock prices )NP (VP (ADVP fully )ADVP recover (PP from (NP (NP Friday 's )NP sharp decline )NP )PP )VP )S )SBAR , (NP the unsettled conditions )NP (VP will (VP *UNK (NP many investors )NP )VP )VP . )S  STOP
(SINV `` (S (NP (NP The *UNK )NP (PP of (NP an unsettled situation )NP )PP )NP (VP is (SBAR that (S (NP the thing )NP (VP could (VP drop (ADVP *UNKLY )ADVP )VP )VP )S )SBAR )VP )S , '' (VP says )VP (NP (NP Henry *UNKC Jr. )NP , (NP (NP (NP chairman )NP (PP of (NP *UNKC Corp. )NP )PP )NP , (NP (NP a *UNK- biotechnology company )NP (SBAR (WHNP that )WHNP (S (VP is (VP planning (NP (NP a private placement )NP (PP of (NP stock )NP )PP )NP )VP )VP )S )SBAR )NP )NP )NP . )SINV  STOP
(X `` (NP (NP The more *UNK )NP (SBAR (WHNP that )WHNP (S (VP indicate (NP risk )NP )VP )S )SBAR )NP , (NP (NP the more )NP (SBAR (S (NP the investor )NP (VP is (VP going (S (VP to (VP drive (NP a hard bargain )NP )VP )VP )S )VP )VP )S )SBAR )NP . '' )X  STOP
(S (NP Earlier this month )NP , (NP (NP *UNKC Inc. )NP , (NP a (NAC *UNKC , Mass. , )NAC *UNK- *UNK )NP , )NP (VP said (SBAR (S (NP it )NP (VP would (VP (VP accelerate (NP expansion plans )NP (ADVP nationwide )ADVP )VP and (VP offer (NP (NP more )NP (PP of (NP its stock )NP )PP )NP (PP to (NP the public )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (PP At (NP the time )NP )PP , (NP its shares )NP (VP were (VP selling (PP above (NP (NP their initial offering price )NP (PP of (NP $ 19 )NP )PP )NP )PP )VP )VP )S , and (S (NP bankers )NP (VP believed (SBAR (S (NP *UNKC )NP (VP would (VP sell (NP new stock )NP (PP without (NP a *UNK )NP )PP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (S But (PP with (S (NP (NP the company 's )NP shares )NP (VP standing (PP at (NP $ 15 )NP )PP (NP yesterday )NP )VP )S )PP , (NP a new offering )NP (VP seems (ADJP unlikely )ADJP )VP )S , (NP company officials )NP (VP say )VP . )S  STOP
(SINV (S (S (NP Business )NP , (ADVP however )ADVP , (VP continues (S (VP to (VP be (ADJP `` robust )ADJP )VP )VP )S )VP )S , '' and (S (NP the stock market )NP (VP has n't (VP affected (NP (NP the concern 's )NP expansion plans )NP )VP )VP )S )S , (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP a senior executive )NP )NP . )SINV  STOP
(S (NP Other companies )NP (VP figure (SBAR (S (NP they )NP (VP ca n't (VP avoid (NP the market )NP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP We )NP (VP have (NP capital requirements )NP )VP )S (PRN , '' (SINV (VP says )VP (NP Mr. *UNKC )NP )SINV , )PRN (S `` so (NP we )NP (VP have (S (VP to (VP go (ADVP ahead )ADVP '' (PP with (NP a planned (ADJP (QP $ 1.5 billion )QP )ADJP private placement )NP )PP )VP )VP )S )VP )S . )S  STOP
(S (SBAR Unless (S (NP the market )NP (VP goes (ADVP right back up )ADVP )VP )S )SBAR (PRN , (S (NP he )NP (VP says )VP )S , )PRN `` (NP it )NP (VP may (VP take (NP us )NP (NP (NP (QP six to nine )QP months )NP )NP (S (VP to (VP find (NP the money )NP )VP )VP )S , (PP instead (PP of (NP three )NP )PP )PP )VP )VP . '' )S  STOP
(S (S And (NP the (NAC Columbia , Md. , )NAC company )NP (VP may (VP have (S (VP to (VP settle (PP for (NP a lower price )NP )PP )VP )VP )S )VP )VP )S , (NP he )NP (VP adds )VP . )S  STOP
(S (NP Life )NP (VP is (ADJP (ADVP particularly )ADVP *UNKING )ADJP (PP for (NP (NP companies )NP (SBAR (WHNP that )WHNP (S (VP had (VP planned (S (VP to (VP go (ADJP public )ADJP (NP this week )NP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP *UNKING )NP (VP is (VP becoming (NP an investment-banking job requirement )NP )VP )VP . )S  STOP
(S (NP (NP Robertson , *UNKC & Co. )NP , (NP a San Francisco investment banking concern )NP , )NP (VP has (NP (NP a client )NP (SBAR (WHNP that )WHNP (S (VP looked (PRT forward )PRT (PP to (S (VP making (NP its initial public offering )NP (NP yesterday )NP )VP )S )PP )VP )S )SBAR )NP )VP . )S  STOP
(SINV (S (S (NP (NP *UNKC )NP (PP of (NP (NP the company )NP , (NP a health-care concern )NP , )NP )PP )NP `` (VP (VP were (ADJP very *UNKED )ADJP (PP on (NP Friday )NP )PP )VP and (VP felt (SBAR (S (NP they )NP (VP should n't (VP go (ADJP public )ADJP )VP )VP )S )SBAR )VP )VP )S ; (S (NP we )NP (VP felt (SBAR (S (NP they )NP (VP should )VP )S )SBAR )VP )S )S , '' (VP says )VP (NP (NP Sanford Robertson )NP , (NP (NP partner )NP (PP in (NP the banking concern )NP )PP )NP )NP . )SINV  STOP
(S (SBAR As (S (NP the market )NP (VP dropped (NP Friday )NP )VP )S )SBAR , (NP Robertson *UNKC )NP (VP slashed (NP (NP the value )NP (PP of (NP the offering )NP )PP )NP (PP by (NP 7 % )NP )PP )VP . )S  STOP
(S (NP (NP Yesterday )NP , (SBAR (WHADVP when )WHADVP (S (NP similar securities )NP (VP rebounded )VP )S )SBAR , )NP (NP it )NP (VP *UNKED (NP the valuation )NP (PRT up )PRT (ADVP again )ADVP )VP . )S  STOP
(S (PP As (PP of (NP late yesterday )NP )PP )PP , (NP the *UNKC )NP (VP was (ADVP still )ADVP (ADVP on )ADVP )VP . )S  STOP
(S (PP For (NP many )NP )PP , (NP the situation )NP (VP is (ADJP especially discouraging )ADJP (SBAR because (S (NP (NP the market )NP (PP for (NP *UNKC )NP )PP )NP (VP was (VP showing (NP (NP signs )NP (PP of (NP strengthening )NP )PP )NP (PP after (NP (NP several years )NP (PP of (NP weakness )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP We )NP (VP were (ADVP just )ADVP (VP beginning (S (VP to (VP look (PP at (NP (NP the increase )NP (PP in (NP *UNKC )NP )PP )NP )PP )VP )VP )S , (S (VP seeing (NP (NP the light )NP (PP at (NP (NP the end )NP (PP of (NP the *UNK )NP )PP )NP )PP )NP )VP )S )VP )VP )S , '' (VP says )VP (NP (NP Frank *UNKC Jr. )NP , (NP (NP partner )NP (PP in (NP (NP *UNKC Funds )NP , (NP a (NAC Beverly Hills , Calif. , )NAC venture capital concern )NP )NP )PP )NP )NP . )SINV  STOP
(S `` But (NP the *UNK )NP (VP 's (ADVP just )ADVP (VP gotten (ADJP longer )ADJP )VP )VP . '' )S  STOP
(SINV (S (NP (NP Companies )NP (VP planning (S (VP to (VP go (ADJP public )ADJP )VP )VP )S )VP )NP `` (VP are (ADVP definitely )ADVP (VP taking (NP a second look )NP )VP )VP )S , '' (VP says )VP (NP (NP Allen *UNKC )NP , (NP (NP senior analyst )NP (PP at (NP (NP (NP the Institute )NP (PP for (NP *UNKC Research )NP )PP )NP , (NP (NP Fort *UNKC )NP , (NP Fla. )NP , )NP (SBAR (WHNP which )WHNP (S (VP publishes (NP (NP the New Issues newsletter )NP (PP on (NP *UNKC )NP )PP )NP )VP )S )SBAR )NP )PP )NP )NP . )SINV  STOP
(S (NP He )NP (VP *UNK (SBAR that (S (NP the recent market slide )NP (VP translated (PP into (NP (NP a (ADJP (QP 5 % to 7 )QP % )ADJP reduction )NP (PP in (NP (NP *UNKC proceeds )NP (PP to (NP companies )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Many companies )NP (VP are (VP *UNKING )VP )VP . )S  STOP
(S (NP *UNKC Corp. )NP (VP had (VP been (VP planning (S (VP to (VP sell (NP (NP 10 % )NP (PP of (NP its stock )NP )PP )NP (NP this week )NP (PP in (NP (NP an *UNKC )NP (SBAR (WHNP that )WHNP (S (VP would (VP raise (NP (QP up to $ *UNKN million )QP )NP )VP )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP )VP . )S  STOP
(S But (ADVP now )ADVP , (NP (NP Peter *UNKC )NP , (NP president )NP , )NP (VP says , `` (S (NP We )NP (VP 're (VP making (NP decisions )NP (PP on (NP a day-to-day basis )NP )PP )VP )VP )S )VP . '' )S  STOP
(S (S (S (ADJP *UNKC and profitable )ADJP )S , (NP the (NAC *UNKC , Colo. , )NAC *UNK- concern )NP (VP could (VP borrow (NP funds )NP (SBAR if (S (NP it )NP (VP decides (PP against (NP an *UNKC )NP )PP (ADVP now )ADVP )VP )S )SBAR )VP )VP )S , (NP he )NP (VP says )VP . )S  STOP
(S (NP (NP *UNKC Inc. )NP , (NP an Atlanta *UNK- concern )NP , )NP (VP says (SBAR (S (NP it )NP (VP is (ADVP still )ADVP (VP planning (S (VP to (VP go (ADVP ahead )ADVP (PP with (NP its *UNKC )NP )PP (NP (NP this week )NP or (NP next )NP )NP )VP )VP )S )VP )VP -- (SBAR unless (S (NP conditions )NP (VP change )VP )S )SBAR )S )SBAR )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's (NP a *UNK- situation )NP (ADVP right now )ADVP )VP )S , '' (VP says )VP (NP (NP Terry *UNKC )NP , (NP president )NP )NP . )SINV  STOP
(S (NP *UNKED *UNK )NP (ADVP also )ADVP (VP would (VP affect (NP (NP the operations )NP (PP of (NP many companies )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Sierra Tucson Cos. )NP , (NP (NP a (NAC Tucson , Ariz. , )NAC )NP operator )NP (PP of (NP *UNK- centers )NP )PP , )NP (VP has (NP (NP a planned doubling )NP (PP of (NP capacity )NP )PP (VP riding (PP on (NP (NP an *UNKC )NP (VP scheduled (PP for (NP next week )NP )PP )VP )NP )PP )VP )NP )VP . )S  STOP
(S (NP (NP William *UNKC )NP , (NP president )NP , )NP (VP says (SBAR (S (NP he )NP (ADVP still )ADVP (VP thinks (SBAR (S (NP the IPO )NP (VP will (VP succeed )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (SBAR If (S (NP it )NP (VP does n't )VP )S )SBAR (PRN , (S (NP he )NP (VP says )VP )S , )PRN (NP the company )NP (VP would (VP have (S (VP to (VP change (NP its expansion timetable )NP )VP )VP )S )VP )VP . )S  STOP
(S But (NP the market turmoil )NP (VP could (VP be (ADJP *UNKLY beneficial (PP for (NP some small businesses )NP )PP )ADJP )VP )VP . )S  STOP
(SINV (S (S (PP In (NP a sagging market )NP )PP , (NP the Federal Reserve System )NP `` (VP might (VP flood (NP the market )NP (PP with (NP funds )NP )PP )VP )VP )S , and (S (NP that )NP (VP should (VP bring (NP interest rates )NP (PRT down )PRT )VP )VP )S )S , '' (VP says )VP (NP (NP Leonard T. *UNKC )NP , (NP (NP vice president )NP (PP of (NP (NP (NP the Bank )NP (PP of (NP New England )NP )PP )NP , (NP Boston )NP )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP James G. *UNKC )NP , (NP (NP president )NP (PP of (NP (NP *UNKC Savings Bank )NP , (NP (NP *UNKC )NP , (NP Mass. )NP )NP )NP )PP )NP , )NP (VP says (SBAR (S (NP the market turmoil )NP `` (VP is (NP an *UNK *UNK- )NP (PP for (NP small business )NP )PP )VP )S )SBAR )VP . '' )S  STOP
(S (PP For (NP small companies )NP )PP (PRN , (S (NP he )NP (VP says )VP )S , )PRN (NP interest rates )NP (VP are (ADJP (ADJP far more important )ADJP (PP than (S (WHNP what )WHNP (VP happens (PP on (NP stock exchanges )NP )PP )VP )S )PP )ADJP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP thinks (SBAR (S (NP rates )NP (VP are (VP heading (ADVP down )ADVP , (S (VP helping (NP small companies )NP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Peter *UNKC )NP , (NP (NP biotechnology analyst )NP (PP for (NP (NP *UNKC Securities International )NP , (NP Chicago )NP , )NP )PP )NP )NP (VP thinks (SBAR (S (NP market uncertainty )NP (VP may (VP encourage (S (NP small companies )NP (VP to (VP form (NP (NP (ADJP more strategic )ADJP alliances )NP (PP with (NP big corporations )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (SBAR (ADVP *UNKLY )ADVP because (S (NP the 1987 market crash )NP (VP made (S (NP it )NP (ADJP harder (SBAR for (S (NP them )NP (VP to (VP find (NP financing )NP )VP )VP )S )SBAR )ADJP )S )VP )S )SBAR , (NP many high-technology concerns )NP (VP have (VP made (NP such alliances )NP (ADVP recently )ADVP )VP )VP . )S  STOP
(S (NP Some )NP (VP (ADVP even )ADVP see (NP a silver *UNKING )NP (PP in (NP the dark clouds )NP )PP )VP . )S  STOP
(S (NP (NP Alan Wells )NP , (NP (NP president )NP (PP of (NP (NP *UNKC , Wells , *UNKC & Co. )NP , (NP a New York merger specialist )NP , )NP )PP )NP )NP (VP thinks (SBAR (S (NP *UNK investors )NP (VP may (VP lose (NP (NP their enthusiasm )NP (PP for (NP leveraged buy-out and giant takeover deals )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (S (ADVP Instead )ADVP , (NP they )NP (VP could (VP turn (PP to (S (VP investing (PP in (NP (NP smaller deals )NP (VP involving (NP smaller companies )NP )VP )NP )PP )VP )S )PP )VP )VP )S , (NP he )NP (VP says )VP . )S  STOP
(S And (NP (NP William E. *UNKC Jr. )NP , (NP (NP (NAC a University (PP of (NP New Hampshire )NP )PP )NAC management professor )NP and (NP (NP director )NP (PP of (NP Venture Capital Network Inc. )NP )PP )NP )NP , )NP (VP says (SBAR (S (NP (NP the market 's )NP gyrations )NP (VP will (VP *UNK (NP (NP (NP the investors ' )NP lack )NP (PP of (NP (NP control )NP (PP in (NP big stock investments )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP This )NP (VP will (VP add (PP to (NP (NP the appeal )NP (PP of (NP (NP small business )NP (PRN , (S (NP he )NP (VP says )VP )S , )PRN (SBAR (WHADVP where )WHADVP (S (NP investors )NP (ADVP often )ADVP (VP have (NP (NP a degree )NP (PP of (NP influence )NP )PP )NP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP (NP Bay Financial Corp. )NP , (VP hurt (PP by (NP (NP high debts )NP and (NP deteriorating real estate investments )NP )NP )PP )VP , )NP (VP (VP reported (NP (NP a wider loss )NP (PP for (NP the fourth quarter )NP )PP )NP )VP and (VP said (SBAR (S (NP it )NP (VP might (VP be (VP forced (S (VP to (VP seek (NP a *UNK- reorganization )NP )VP )VP )S (SBAR if (S (NP it )NP (VP ca n't (VP *UNK (NP its borrowings )NP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP Bay )NP (VP said (SBAR (S (NP (NP a `` substantial part '' )NP (PP of (NP (NP its debt )NP (ADJP outstanding )ADJP )NP )PP )NP (VP is (PP in (NP default )NP )PP (PP as (NP (NP a result )NP (PP of (NP (NP inability (S (VP to (VP sell (NP certain properties )NP (ADVP quickly )ADVP )VP )VP )S )NP and (NP (NP lower-than-expected prices )NP (PP for (NP (NP sales )NP (VP made )VP )NP )PP )NP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP its real estate portfolio )NP (VP is (ADJP `` highly leveraged )ADJP , '' (SBAR while (S (NP (NP (QP about two-thirds )QP )NP (PP of (NP its investments )NP )PP )NP (VP are n't (ADJP *UNKING )ADJP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (ADVP Thus )ADVP (NP it )NP (VP is (VP coming (PRT up )PRT (ADVP short )ADVP (PP on (NP a big bet (SBAR that (S (NP (NP quick sales )NP (PP at (NP higher prices )NP )PP )NP (VP would (VP enable (S (NP it )NP (VP to (VP keep (PRT up )PRT (PP with (NP mortgage and other debt payments )NP )PP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (PP According (PP to (NP its latest annual report )NP )PP )PP , (NP (NP (QP about a quarter )QP )NP (PP of (NP (NP the company 's )NP holdings )NP )PP )NP (VP are (PP in (NP Massachusetts )NP )PP , (PP in (NP (NP the midst )NP (PP of (NP a real-estate slump )NP )PP )NP )PP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP it )NP (VP had (NP (NP a net loss )NP (PP in (NP (NP its fourth quarter )NP (VP ended (NP June 30 )NP )VP )NP )PP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP on (NP (NP revenue )NP (PP of (NP (QP $ 13.1 million )QP )NP )PP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP (NP A year )NP earlier )ADVP , (NP the company )NP (VP had (NP (NP a loss )NP (PP of (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP on (NP (NP revenue )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP For (NP the year )NP )PP , (NP it )NP (VP had (NP (NP a net loss )NP (PP of (NP (NP (QP $ 62 million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP on (NP (NP revenue )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP In (NP the previous year )NP )PP , (NP it )NP (VP had (NP (NP a loss )NP (PP of (NP (NP (QP $ 22.5 million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP on (NP (NP revenue )NP (PP of (NP (QP $ *UNKN million )QP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (SBAR Although (S (NP it )NP (VP is (VP having (NP serious *UNK- problems )NP )VP )VP )S )SBAR , (NP Bay )NP (VP said (SBAR (S (NP (NP (NP the *UNK- value )NP (PP of (NP its holdings )NP )PP )NP , minus (NP debt )NP , )NP (VP was (ADJP equal (PP to (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP )ADJP (PP at (NP June 30 )NP )PP (PP based (PP on (NP a recent *UNK )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Book value )NP (PP per (NP share )NP )PP , (SBAR (WHNP which )WHNP (S (VP is (VP based (PP on (NP (NP investments )NP (PP at (NP cost )NP )PP )NP )PP )VP )VP )S )SBAR , )NP (VP was (NP (NP a negative $ *UNKN )NP (NP a share )NP )NP )VP . )S  STOP
(S (ADVP (NP A year )NP earlier )ADVP , (S (NP (NP *UNK- value )NP (PP per (NP share )NP )PP )NP (VP was (NP $ *UNKN )NP )VP )S and (S (NP book value )NP (VP was (NP (NP $ *UNKN )NP (NP a share )NP )NP )VP )S . )S  STOP
(NP (NP (NP Annualized interest rates )NP (PP on (NP certain investments )NP )PP (SBAR as (S (VP reported (PP by (NP the Federal Reserve Board )NP )PP (PP on (NP a *UNK- basis )NP )PP )VP )S )SBAR )NP : (NP (NP 1989 )NP and (NP (NP Wednesday )NP (NP (NP October 4 )NP , (NP 1989 )NP )NP )NP )NP . )NP  STOP
(NP (NP *UNK- )NP , (VP adjusted (PP for (NP constant maturity )NP )PP )VP . )NP  STOP
(S (S (NP *UNKC Inc. )NP (VP reported (NP (NP a (ADJP 12 % )ADJP decline )NP (PP in (NP third-quarter net income )NP )PP )NP )VP )S , but (S (NP the company )NP (VP said (SBAR that (S (S (VP excluding (NP (NP unusual gains )NP (PP in (NP both quarters )NP )PP )NP )VP )S , (NP operating profit )NP (VP rose (NP 16 % )NP )VP )S )SBAR )VP )S . )S  STOP
(S (NP The electronics , automotive and aerospace concern )NP (VP said (SBAR (S (NP third-quarter net )NP (VP was (NP (NP (QP $ 60 million )QP )NP , or (NP (NP 98 cents )NP (NP a share )NP )NP , )NP (ADVP down (PP from (NP (NP (QP $ 68 million )QP )NP , or (NP (NP $ 1.11 )NP (NP a share )NP )NP , )NP (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )VP )S )SBAR )VP . )S  STOP
(S (NP Share earnings )NP (VP are (VP reported (PP on (NP a (ADJP fully diluted )ADJP basis )NP )PP , (PP by (NP company tradition )NP )PP )VP )VP . )S  STOP
(S (NP (NP Results )NP (PP for (NP the 1988 quarter )NP )PP )NP (VP included (NP (NP (NP a gain )NP (PP of (NP (NP $ 1.05 )NP (NP a share )NP )NP )PP (PP from (NP (NP sale )NP (PP of (NP the *UNKC *UNKC and *UNKC Cable units )NP )PP )NP )PP )NP , (VP (ADVP partly )ADVP offset (PP by (NP (NP a charge )NP (PP of (NP (NP 69 cents )NP (NP a share )NP )NP )PP (PP for (NP (NP recall )NP (PP of (NP *UNK truck *UNKING systems )NP )PP )NP )PP )NP )PP )VP )NP )VP . )S  STOP
(S (NP The latest quarter )NP (VP included (NP (NP a gain )NP (PP of (NP (NP 11 cents )NP (NP a share )NP )NP )PP )NP (PP as (NP (NP a partial reversal )NP (PP of (NP the recall charge )NP )PP )NP )PP , (SBAR because (S (NP (NP the reserve )NP (VP established (NP last year )NP )VP )NP (VP exceeded (NP the actual recall costs )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Sales )NP (PP for (NP the quarter )NP )PP )NP (VP rose (NP 8.3 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP , (PP from (NP (QP $ *UNKN billion )QP )NP )PP , (PP with (S (NP all three major product groups )NP (VP reporting (NP gains )NP )VP )S )PP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (S (NP aerospace and defense sales )NP (VP were (ADVP up (NP 2 % )NP )ADVP (PP for (NP the quarter )NP )PP (PP to (NP (QP $ *UNKN million )QP )NP )PP )VP )S , and (S (NP operating profit )NP (VP climbed (NP 6 % )NP (PP to (NP (QP $ 61 million )QP )NP )PP )VP )S , (PP (ADVP mainly )ADVP because of (NP (NP improved program performance )NP (PP in (NP spacecraft and *UNK- contracts )NP )PP )NP )PP )S )SBAR )VP . )S  STOP
(S (S (NP Automotive sales )NP (VP jumped (NP 16 % )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP , (PP (ADVP mainly )ADVP because of (NP (NP higher sales )NP (PP of (NP (NP air bags )NP and (NP other passenger restraint systems )NP )NP )PP )NP )PP )VP )S , (NP *UNKC )NP (VP said )VP . )S  STOP
(S (NP The group )NP (VP had (NP (NP an operating profit )NP (PP of (NP (QP $ 65 million )QP )NP )PP )NP , (PP against (NP (NP a loss )NP (PP of (NP (QP $ 13 million )QP )NP )PP (ADVP (NP a year )NP earlier )ADVP )NP )PP )VP . )S  STOP
(S (ADVP However )ADVP , (S (VP excluding (NP (NP the year-earlier charge )NP (PP for (NP (NP recall )NP (PP of (NP *UNKING gear )NP )PP )NP )PP )NP )VP )S , (NP (NP operating profit )NP (PP in (NP the latest quarter )NP )PP )NP (VP declined (NP 14 % )NP , (S (VP reflecting (NP (NP higher start-up and product development expenses )NP (PP in (NP *UNK- systems )NP )PP )NP )VP )S )VP . )S  STOP
(S (S (NP *UNKC and production costs )NP (ADVP also )ADVP (VP rose )VP )S , (NP *UNKC )NP (VP said )VP . )S  STOP
(S (NP The information systems segment )NP (VP had (NP a (ADJP 44 % )ADJP jump sales )NP (PP to (NP (QP $ *UNKN million )QP )NP )PP )VP . )S  STOP
(S (S (NP An acquisition )NP (VP accounted (PP for (NP half the sales rise )NP )PP )VP )S , (NP *UNKC )NP (VP said )VP . )S  STOP
(S (NP Operating profit )NP (VP rose (ADVP *UNK )ADVP (PP to (NP (QP $ 18 million )QP )NP )PP , (PP from (NP (QP $ 6 million )QP )NP )PP )VP . )S  STOP
(S (PP For (NP the nine months )NP )PP , (NP (NP *UNKC 's )NP net )NP (VP was (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP (ADVP down (NP 3 % )NP (PP from (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )VP . )S  STOP
(S (NP Sales )NP (VP rose (NP 2.9 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP , (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP (NP a *UNK *UNK )NP (PP by (NP (NP an (ADJP (ADJP *UNK )ADJP , (ADJP not *UNK )ADJP , though (ADJP *UNKLY *UNKED )ADJP )ADJP English *UNK )NP (PP in (NP his *UNK )NP )PP )NP )PP )NP -- (VP proceeds (SBAR as if (S (NP (NP the realistic English novel )NP (PP of (NP *UNK )NP )PP )NP , (PP like (NP (NP *UNKC )NP (NP herself )NP )NP )PP , (ADVP still )ADVP (VP ruled (NP the waves )NP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP fact )NP )PP , (NP (NP (NP *UNKC *UNKC 's )NP `` (NX The *UNKC (PP of (NP the Day )NP )PP )NX '' )NP (PRN -LRB- (NP *UNKC )NP , (NP *UNKN pages )NP , (NP $ 18.95 )NP -RRB- )PRN )NP (VP is (NP both (NP (NP an *UNK )NP (PP to (NP traditional English forms )NP )PP )NP and (NP (NP a dramatic *UNK )NP (PP of (NP them )NP )PP )NP )NP )VP . )S  STOP
(S (NP It )NP (VP (VP implies (SBAR that (S (NP the British *UNKC )NP (VP was (VP *UNKED (PP in (NP (NP its subjects ' )NP minds , *UNK and *UNK )NP )PP )VP )VP )S )SBAR )VP , and (VP argues , (ADVP *UNKLY )ADVP , (SBAR that (S (NP its *UNK- flaws )NP (VP were (VP *UNKED (PP in (NP (NP the defensive *UNK )NP , (NP *UNK *UNK )NP , (NP *UNKING )NP and (NP (ADVP especially )ADVP (NP the *UNK )NP (PP of (NP its domestic *UNK )NP )PP )NP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (SBAR As (S (NP (NP the *UNK Stevens )NP , (NP (NP the *UNK *UNK )NP (PP of (NP *UNKC Hall )NP )PP )NP , )NP (VP *UNK (PP over (NP (NP such *UNKED terms )NP (PP as (NP `` *UNK , '' `` dignity , '' `` service '' and `` loyalty )NP )PP )NP )PP , '' )VP )S )SBAR (NP we )NP (VP see (SBAR (WHADVP how )WHADVP (S (NP *UNK *UNK )NP (VP *UNK (NP the *UNK )NP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (NP Stevens 's )NP *UNK *UNK )NP (PP of (NP (NP the public and private *UNK )NP -- (PP like (NP his *UNKED master 's )NP )PP -- )NP )PP )NP (VP *UNK (NP (NP all )NP (SBAR (S (NP it )NP (VP was (VP designed (S (VP to (VP preserve )VP )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Such *UNK )NP (VP *UNK (NP the *UNK )NP )VP . )S  STOP
(S (NP The *UNK )NP (VP cuts (PP to (NP the quick )NP )PP )VP . )S  STOP
(S (NP It )NP (VP 's (NP (NP *UNKN )NP , (NP (NP the year )NP (SBAR (S (NP the Suez crisis )NP (VP marked (NP (NP the final end )NP (PP of (NP *UNKC )NP )PP )NP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (SBAR As (S (NP he )NP (VP stands (PP on (NP a *UNK )NP )PP (PP at (NP (NP the beginning )NP (PP of (NP (NP a *UNK- motor *UNK )NP (PP from (NP *UNKC )NP )PP (PP to (NP (NP *UNKC )NP , (SBAR (WHADVP where )WHADVP (S (NP (NP a former *UNK )NP )NP (VP *UNK , (NP (NP (ADVP perhaps )ADVP the victim )NP (PP of (NP an (ADJP unhappy 20-year marriage )ADJP )NP )PP )NP , (ADJP (ADVP perhaps )ADVP (PRN -LRB- (S (NP he )NP (VP hopes (PP with (NP (NP more *UNK )NP (SBAR than (S (NP he )NP (VP will (ADVP ever )ADVP (VP acknowledge )VP )VP )S )SBAR )NP )PP )VP )S -RRB- )PRN not *UNKED (S (VP to (VP return (PP to (NP domestic service )NP )PP )VP )VP )S )ADJP )VP )S )SBAR )NP )PP )NP )PP )NP )PP )VP )S )SBAR , (NP Stevens )NP (VP (VP surveys (NP the view )NP )VP and (VP (ADVP thereby )ADVP provides (NP (NP a *UNK- )NP , (NP a *UNK )NP and (NP (NP (NP the author 's )NP *UNK )NP (PP for (NP (NP the *UNK )NP (PP of (NP (NP the novel )NP (SBAR (S (NP we )NP (VP 're (VP reading )VP )VP )S )SBAR )NP )PP )NP )PP )NP )NP )VP )VP : )S  STOP
(S `` (S (NP We )NP (VP call (S (NP (NP this land )NP (PP of (NP *UNK )NP )PP )NP (NP Great Britain )NP )S )VP )S , and (S (NP there )NP (VP may (VP be (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP believe (S (NP this )NP (NP a (ADJP somewhat *UNK )ADJP practice )NP )S )VP )S )SBAR )NP )VP )VP )S . )S  STOP
(S (ADVP Yet )ADVP (NP I )NP (VP would (VP venture (SBAR that (S (NP (NP the landscape )NP (PP of (NP our country )NP )PP (ADVP alone )ADVP )NP (VP would (VP justify (NP (NP the use )NP (PP of (NP this *UNK *UNK )NP )PP )NP )VP )VP )S )SBAR )VP )VP ... . )S  STOP
(S (NP It )NP (VP is (NP (NP the very lack )NP (PP of (NP obvious drama or *UNK )NP )PP )NP (SBAR (WHNP that )WHNP (S (VP sets (NP (NP the beauty )NP (PP of (NP our land )NP )PP )NP (ADVP apart )ADVP )VP )S )SBAR )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (VP is (ADJP *UNK )ADJP )VP )S )SBAR (VP is (NP (NP (NP the *UNK )NP (PP of (NP that beauty )NP )PP )NP , (NP (NP its sense )NP (PP of (NP restraint )NP )PP )NP )NP )VP . )S  STOP
(S (NP It )NP (VP is (SBAR as though (S (NP the land )NP (VP (VP knows (PP (PP of (NP its own beauty )NP )PP , (PP of (NP its own *UNK )NP )PP , )PP )VP and (VP feels (NP no need (S (VP to (VP *UNK (NP it )NP )VP )VP )S )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP comparison )NP )PP , (NP (NP (NP the sorts )NP (PP of (NP (NP *UNK )NP (VP offered (PP in (NP (NP such places )NP (PP as (NP Africa and America )NP )PP )NP )PP )VP )NP )PP )NP , though (ADJP *UNKLY very exciting )ADJP , )NP (VP would (PRN , (S (NP I )NP (VP am (ADJP sure )ADJP )VP )S , )PRN (VP strike (NP the objective *UNK )NP (PP as (ADJP *UNK )ADJP )PP (PP on (NP (NP account )NP (PP of (NP their *UNKLY *UNK )NP )PP )NP )PP )VP )VP . '' )S  STOP
(NP An *UNK landscape ? )NP  STOP
(NP An *UNKED mountain ? )NP  STOP
(S (S But (VP let (S (NP Stevens )NP (VP continue (PP in (NP his *UNKING comic manner )NP )PP )VP )S )VP )S (PRN -LRB- (S (NP (NP his *UNK efforts )NP (PP at (NP `` *UNK '' )NP )PP )NP (ADVP always )ADVP (VP fail -- (ADVP most *UNKLY )ADVP )VP )S -RRB- )PRN : (S `` (NP This whole question )NP (VP is (ADJP very *UNK (PP to (NP (NP (NP the question )NP (SBAR (WHNP that )WHNP (S (VP has (VP caused (NP much debate )NP (PP in (NP our profession )NP )PP (PP over (NP the years )NP )PP )VP )VP )S )SBAR )NP : (SBARQ (WHNP what )WHNP (SQ (VP is (NP a ` great ' *UNK )NP )VP )SQ )SBARQ )NP )PP )ADJP )VP )S ? '' )S  STOP
(S (NP His answer )NP (VP is (NP (NP one )NP (VP `` *UNKED (PP of (NP (NP a dignity )NP (PP in (NP (NP keeping )NP (PP with (NP his position )NP )PP )NP )PP )NP )PP )VP )NP )VP . '' )S  STOP
(S (NP Such dignity )NP (VP `` has (S (VP to (VP do (ADVP *UNKLY )ADVP (PP with (NP (NP a *UNK 's )NP ability (S not (VP to (VP abandon (NP (NP the professional being )NP (SBAR (S (NP he )NP (VP *UNK )VP )S )SBAR )NP )VP )VP )S )NP )PP )VP )VP )S )VP . '' )S  STOP
(S (NP He )NP `` (VP will not (VP be (VP shaken (PRT out )PRT (PP by (NP (NP external events )NP , (ADJP however surprising , *UNKING or *UNKING )ADJP )NP )PP )VP )VP )VP ... . )S  STOP
(S (NP *UNKC )NP (VP are (ADJP unable (S (VP to (VP be (NP *UNK )NP )VP )VP )S )ADJP (SBAR because (S (NP they )NP (VP are (PP as (NP a breed )NP )PP (ADJP *UNK (PP of (NP (NP the emotional restraint )NP (SBAR (WHNP which )WHNP (S (NP only the English race )NP (VP are (ADJP capable (PP of )PP )ADJP )VP )S )SBAR )NP )PP )ADJP )VP )S )SBAR )VP . '' )S  STOP
(S (S (PP Despite (NP his racial advantage )NP )PP , (S (VP to (VP be (NP a great *UNK )NP )VP )VP )S (VP is (NP a *UNK calling )NP )VP ; )S (S (NP (NP one 's )NP *UNK )NP (VP is `` (PP not unlike (NP (NP (NP general 's )NP headquarters )NP (PP during (NP a battle )NP )PP )NP )PP )VP )S . '' )S  STOP
(S (SBAR If , (S (PP for (NP example )NP )PP , (PP in (NP (NP the midst )NP (PP of (NP (NP a great social occasion )NP (PRN -LRB- (PP such as (NP (NP an international conference )NP (PP on (S (VP *UNKING (NP the *UNKC *UNKC )NP )VP )S )PP (PP in (NP *UNKN )NP )PP )NP )PP -RRB- )PRN )NP )PP )NP )PP , (NP (NP (NP one 's )NP *UNK- father )NP , (NP (NP himself )NP (NP a great *UNK )NP (ADVP once )ADVP )NP , )NP (VP should (VP happen (S (VP to (VP die (PP of (NP a *UNK )NP )PP )VP )VP )S )VP )VP )S )SBAR , (NP one )NP (VP must (VP continue (S (VP to (VP serve (NP the port )NP )VP )VP )S )VP )VP : (S `` (INTJ *UNKC )INTJ (VP do n't (VP think (S (NP me )NP (ADJP *UNKLY improper (PP in (S not (VP *UNKING (S (VP to (VP see (NP (NP my father )NP (PP in (NP his *UNKED condition )NP )PP )NP (PP just at (NP this moment )NP )PP )VP )VP )S )VP )S )PP )ADJP )S )VP )VP )S . )S  STOP
(S (FRAG (S (NP You )NP (VP see )VP )S )FRAG , (NP I )NP (VP know (SBAR (S (NP my father )NP (VP would (VP have (VP *UNKED (S (NP me )NP (VP to (VP carry (PRT on )PRT (ADVP just now )ADVP )VP )VP )S )VP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP It )NP (VP is (NP (NP this kind )NP (PP of (NP dignity and restraint )NP )PP (SBAR (WHNP that )WHNP (S (VP allows (S (NP Stevens )NP (VP to (VP declare : (S `` (PP For (NP all its sad associations )NP )PP , (SBAR (WHADVP whenever )WHADVP (S (NP I )NP (VP recall (NP that evening )NP (NP today )NP )VP )S )SBAR , (NP I )NP (VP find (SBAR (S (NP I )NP (VP do (ADVP so )ADVP (PP with (NP (NP a large sense )NP (PP of (NP *UNK )NP )PP )NP )PP )VP )S )SBAR )VP )S )VP )VP )S )VP )S )SBAR )NP )VP . '' )S  STOP
(S (NP We )NP (VP note (NP (NP the *UNK public word )NP (VP used (S (VP to (VP deny (NP private *UNK and *UNK )NP )VP )VP )S )VP )NP )VP . )S  STOP
(S (NP That (S (NP (NP Stevens )NP (NP himself )NP )NP (VP is (ADJP not (ADJP *UNK or *UNK )ADJP , but (ADJP funny and sad and *UNKING )ADJP , )ADJP )VP )S )NP (VP is (ADVP entirely )ADVP (NP (NP the author 's )NP *UNK )NP )VP . )S  STOP
(S (NP (NP Mr. *UNKC 's )NP ability (S (VP to (VP create (NP (NP a *UNK *UNK voice )NP (SBAR (WHNP that )WHNP (S (VP permits (S (NP him )NP (VP to (VP explore (NP such *UNKING (ADJP domestic , cultural and political )ADJP themes )NP )VP )VP )S )VP )S )SBAR )NP )VP )VP )S )NP (VP was (ADJP *UNKLY clear )ADJP (PP in (NP (NP his previous novel )NP , (NP `` (NP (NP An *UNKC )NP (PP of (NP the *UNKING World )NP )PP )NP , '' (VP set (PP in (NP Japan )NP )PP (PP after (NP the war )NP )PP )VP )NP )NP )PP )VP . )S  STOP
(S (ADVP Now )ADVP (S (VP shifting (NP his scene )NP (PP from (NP (NP the country )NP (SBAR (S (NP he )NP (VP left (PP at (NP five )NP )PP )VP )S )SBAR )NP )PP (PP to (NP (NP the England )NP (SBAR (S (NP he )NP (VP has (VP lived (PP in )PP (PP for (NP (QP nearly 30 )QP years )NP )PP )VP )VP )S )SBAR )NP )PP )VP )S , (NP he )NP (VP has (VP *UNKED (NP (NP a novel )NP (PP in (NP (NP the *UNK )NP (PP of (NP (NP Henry James )NP and (NP *UNKC *UNKC )NP )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (PP With (NP great *UNK )NP )PP (NP he )NP (VP considers (NP (CONJP not only )CONJP (NP (NP *UNK *UNK )NP and (NP (PRN -LRB- (ADJP utterly *UNKED )ADJP -RRB- )PRN *UNK love )NP )NP , but (NP (NP British *UNK- )NP , (NP (NP the *UNK 's )NP (NP *UNK )NP (PP with (NP democracy )NP )PP and (NP (NP support )NP (PP of (NP *UNKC )NP )PP )NP )NP , and (NP (NP (NP the moral *UNK )NP (PP of (NP loyalty )NP )PP )NP : (S `` (NP It )NP (VP is , (PP in (NP practice )NP )PP , (ADJP simply not possible (S (VP to (VP (VP adopt (NP such a critical attitude )NP (PP *UNK (NP an employer )NP )PP )VP and (VP (PP at (NP the same time )NP )PP provide (NP good service )NP )VP )VP )VP )S )ADJP )VP )S )NP )NP )NP )VP ... . )S  STOP
(S ` (NP This employer )NP (VP *UNK (NP (NP all )NP (SBAR (WHNP that )WHNP (S (NP I )NP (VP find (S (ADJP *UNK and *UNK )ADJP )S )VP )S )SBAR )NP )VP . )S  STOP
(S (NP I )NP (VP will (ADVP *UNK )ADVP (VP *UNK (NP myself )NP (PP to (S (VP serving (NP him )NP )VP )S )PP )VP )VP . )S  STOP
(S ' (NP This )NP (VP is (NP (NP loyalty )NP (VP (ADVP *UNKLY )ADVP *UNKED )VP )NP )VP . '' )S  STOP
(S (PP In (NP the end )NP )PP , (PP after (S (VP meeting (PP with (NP the former *UNK )NP )PP )VP )S )PP , (NP Stevens )NP (VP (VP *UNK (PP by (NP the *UNK )NP )PP (PP at (NP *UNK )NP )PP , (S (VP thinking (PP (PP of (NP her )NP )PP and (PP of (NP his employer )NP )PP )PP )VP )S )VP , and (VP declares (S `` (NP I )NP (VP *UNKED )VP )S )VP )VP . )S  STOP
(S (NP I )NP (VP *UNKED (PP in (NP (NP his *UNK 's )NP wisdom )NP )PP )VP ... . )S  STOP
(S (NP I )NP (VP ca n't (ADVP even )ADVP (VP say (SBAR (S (NP I )NP (VP made (NP my own mistakes )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP *UNKLY )ADVP -- (NP one )NP (VP has (S (VP to (VP ask (NP *UNK )NP -- (SBARQ (WHNP what dignity )WHNP (SQ is (NP there )NP (PP in (NP that )NP )PP )SQ )SBARQ )VP )VP )S )VP ? '' )S  STOP
(S (NP The loyal *UNK )NP (VP has (VP come (NP full circle )NP )VP )VP . )S  STOP
(SBARQ (WHNP What )WHNP (SQ is (NP *UNK )NP )SQ ? )SBARQ  STOP
(SBARQ (WHNP What )WHNP (SQ is (NP dignity )NP )SQ ? )SBARQ  STOP
(S (S (NP We )NP (VP understand (SBAR (S (NP such *UNK wisdom )NP (VP must (VP be (ADJP *UNK )ADJP )VP )VP )S )SBAR )VP )S : (S (NP (NP The *UNK )NP (PP of (NP *UNKC )NP )PP )NP (VP (ADVP only )ADVP spreads (NP her wings )NP (PP at (NP *UNK )NP )PP )VP )S . )S  STOP
(S But (SBAR as (S `` (NP (NP The *UNKC )NP (PP of (NP the Day )NP )PP )NP '' (VP (ADVP so *UNKLY )ADVP demonstrates (PP with (NP quiet *UNK )NP )PP )VP )S )SBAR , (NP such wisdom )NP (VP can (VP be (VP (ADVP *UNKLY )ADVP *UNKED (PP in (NP art )NP )PP )VP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP teaches (NP (NP English )NP and (NP *UNK literature )NP )NP (PP at (NP Columbia University )NP )PP )VP . )S  STOP
(S (NP *UNKC Corp. )NP (VP said (SBAR (S (NP its *UNKC subsidiary )NP (VP completed (NP (NP the (ADJP previously announced )ADJP sale )NP (PP of (NP (NP its (NX (NX air separation plant )NX and (NX related assets )NX )NX )NP (PP in (NP (NP *UNKC )NP , (NP Wis. )NP , )NP )PP )NP )PP (PP to (NP (NP *UNKC Gas Inc. )NP , (NP Cleveland )NP )NP )PP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The price )NP (VP was n't (VP disclosed )VP )VP . )S  STOP
(S (NP The transaction )NP (VP is (NP (NP part )NP (PP of (NP (NP *UNKC 's )NP continuing program (S (VP to (VP (VP shed (NP (NP *UNKC 's )NP industrial gas interests )NP )VP and (VP expand (NP (NP the subsidiary 's )NP *UNK business )NP )VP )VP )VP )S )NP )PP )NP )VP . )S  STOP
(S (PP Since (NP June )NP )PP , (NP *UNKC )NP (VP has (VP (VP *UNKED (NP (NP (QP more than $ 100 million )QP )NP (PP from (NP industrial gas *UNK )NP )PP )NP )VP and (VP *UNKED (NP (QP more than $ 50 million )QP )NP (S (VP to (VP acquire (NP three *UNK distributors )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP (VP is (NP a gas and electric utility )NP )VP and (VP distributes (NP *UNK )NP (ADVP nationally )ADVP (PP through (NP its *UNKC subsidiary )NP )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP represents (NP the Soviet airline Aeroflot )NP (ADVP here )ADVP )VP )S )SBAR , )NP (VP has (NP (NP some *UNK )NP (SBAR (WHNP that )WHNP (S (VP are (ADJP wild )ADJP (PP (ADVP even )ADVP by (NP (NP the current standards )NP (PP of (NP perestroika )NP )PP )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (PP In (NP (NP his office )NP (VP *UNKING (NP (NP the *UNK )NP (PP of (NP Shannon Airport )NP )PP )NP )VP )NP )PP , (NP Mr. *UNKC )NP (VP (ADVP *UNKLY )ADVP throws (PRT out )PRT (SBAR (WHNP what )WHNP (S (NP he )NP (VP calls (S (NP `` just ideas '' )NP )S )VP )S )SBAR )VP : )S  STOP
(S (ADVP First )ADVP (PRN , (S (NP he )NP (VP suggests )VP )S , )PRN (NP (NP *UNKC Group Ltd. )NP , (NP (NP the international aircraft leasing company )NP (VP based (PP in (NP Ireland )NP )PP )VP )NP , )NP (VP could (VP lease (NP (NP some )NP (PP of (NP its Boeing *UNK )NP )PP )NP (PP to (NP the Soviet airline )NP )PP )VP )VP . )S  STOP
(S (S (ADVP Then )ADVP (NP (NP *UNKC *UNKC )NP , (NP the Irish flag carrier )NP , )NP (VP could (VP teach (NP Aeroflot pilots )NP (S (VP to (VP fly (NP the *UNKC )NP )VP )VP )S )VP )VP )S , and (S (NP the fleet )NP (VP could (VP be (VP based (ADVP here )ADVP (PP at (NP Shannon Airport )NP )PP )VP )VP )VP )S . )S  STOP
(S (S (NP That )NP (VP 's not (NP all )NP )VP )S , (NP he )NP (VP says )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP the Irish airport authority )NP , )NP (VP could (VP build (NP a cargo terminal )NP (PP in (NP the Soviet Union )NP )PP )VP )VP . )S  STOP
(S (NP Aeroflot )NP (VP could (VP lease (NP (NP some )NP (PP of (NP its cargo planes )NP )PP )NP (PP to (NP *UNKC *UNKC )NP )PP , (PP through (NP *UNKC )NP )PP , (PP for (NP a joint-venture cargo airline )NP )PP )VP )VP . )S  STOP
(S And (ADVP then )ADVP (NP there )NP (VP is (NP (NP his notion )NP (PP of (NP (NP an *UNKC charter airline )NP (SBAR (S (VP to (VP *UNK (NP *UNKC )NP (PP to (NP Los Angeles )NP )PP (PP via (NP Shannon )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(SQ *UNKC (NP (NP the freedoms )NP (PP of (NP glasnost )NP )PP )NP (VP gone (PP to (NP (NP Mr. *UNKC 's )NP head )NP )PP )VP ? )SQ  STOP
(ADVP *UNKLY . )ADVP  STOP
(S (NP The *UNKC aviation connection )NP (VP is (ADJP alive and well )ADJP (ADVP here )ADVP (PP at (NP Shannon Airport )NP )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP is (ADVP indeed )ADVP (VP talking (PP (PP about (S (VP leasing (NP Western planes )NP (PP to (NP Aeroflot )NP )PP )VP )S )PP and (PP even about (S (VP buying (NP *UNKC *UNKC *UNK )NP )VP )S )PP )PP )VP )VP . )S  STOP
(S (NP Aer *UNKC )NP (VP is (PP in (NP (NP discussions )NP (PP with (NP the Soviet carrier )NP )PP (PP about (NP (NP a cargo venture )NP and (NP other possibilities )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP Aer *UNKC )NP (ADVP already )ADVP (VP has (NP (NP so many ventures )NP (PP with (NP Aeroflot )NP )PP (SBAR that (S (NP its chief executive )NP (VP is (VP studying (NP Russian )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (ADJP *UNKLY (SBAR as (S (NP it )NP (VP may (VP seem )VP )VP )S )SBAR )ADJP )S , (NP tiny , (ADJP politically *UNK )ADJP Ireland )NP (VP has (VP *UNKED (NP the *UNK Soviet airline bureaucracy )NP )VP )VP . )S  STOP
(S And (SBAR as (S (NP Aeroflot )NP (VP *UNK (S (VP to (VP (VP boost (NP its service standards )NP )VP , (VP upgrade (NP its fleet )NP )VP and (VP pursue (NP commercial opportunities )NP )VP )VP )VP )S )VP )S )SBAR , (NP the Irish aviation industry )NP (VP seems (VP *UNKED (S (VP to (VP benefit )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (NP Irish and Soviet people )NP (VP are (ADJP similar )ADJP )VP )S , '' (VP says )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S `` (NP They )NP (VP look (NP the same )NP )VP . )S  STOP
(S (NP They )NP (VP 're (ADJP very friendly )ADJP )VP . '' )S  STOP
(S (ADVP Moreover )ADVP (PRN , (S (NP he )NP (VP says )VP )S , )PRN (NP Irish companies )NP (VP are (ADJP small but *UNK )ADJP )VP . )S  STOP
(S `` (S (NP We )NP (VP have (S (VP to (VP study (NP their experience )NP (ADVP very well )ADVP )VP )VP )S )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (NP We )NP (VP must (VP find (NP (NP any way )NP (SBAR (S (VP to (VP get (NP business )NP )VP )VP )S )SBAR )NP )VP )VP . '' )S  STOP
(S (NP The two groups )NP (VP have (VP been (VP working (PRT together )PRT (PP since (NP the late 1970s )NP )PP , (SBAR (ADVP long )ADVP before (S (NP Soviet joint ventures )NP (VP were (NP the *UNK )NP (PP in (NP the West )NP )PP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (S (NP Aeroflot )NP (VP carried (NP (QP about 125 million )QP passengers )NP (NP last year )NP )VP )S , and (S (NP (NP Shannon Airport )NP , (NP (NP (NP the airline 's )NP largest *UNK airport )NP (PP outside (NP the Soviet Union )NP )PP )NP , )NP (VP saw (S (NP (NP *UNKN Aeroflot flights )NP and (NP 250,000 passengers )NP )NP (VP pass (ADVP through )ADVP )VP )S )VP )S . )S  STOP
(S (NP (NP An apartment complex )NP (PP down (NP the road )NP )PP )NP (VP is (NP (NP the (NX (NX *UNK- )NX and (NX staging area )NX )NX )NP (PP for (NP (QP more than 130 )QP Aeroflot (NX (NX pilots )NX and (NX flight attendants )NX )NX )NP )PP )NP )VP . )S  STOP
(S (NP (NP (NP The airport 's )NP biggest supplier )NP (PP of (NP aircraft fuel )NP )PP )NP (VP is (NP the Soviet Union )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP from (NP (NP the *UNKC port )NP (PP of (NP *UNKC )NP )PP )NP )PP )NP (NP each year )NP (VP unload (NP (NP (QP 25 million )QP gallons )NP (PP of (NP fuel )NP )PP )NP (PP into (NP (NP a special tank farm )NP (PP at (NP the airport )NP )PP )NP )PP )VP . )S  STOP
(S (SBAR (WHNP What )WHNP (S (NP Aeroflot )NP (VP does n't (VP pour (PP into (NP its own *UNKING *UNKC )NP )PP )VP )VP )S )SBAR (VP is (VP *UNKED (PP to (NP (NP the airport authority )NP , (SBAR (WHNP which )WHNP (S (VP *UNK (NP it )NP (PP to (NP (NP 11 Western carriers )NP (PP including (NP (NP Air France )NP , (NP Trans World Airlines )NP and (NP Pakistan International Airlines )NP )NP )PP )NP )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP Aeroflot )NP (ADVP thus )ADVP (VP pays (NP its (NX (NX landing fees )NX , (NX *UNKING )NX and (NX *UNKING bills )NX )NX )NP (PP with (NP fuel )NP )PP , (S (VP preserving (NP its hard currency )NP )VP )S )VP . )S  STOP
(S (NP That )NP (VP is n't (NP all )NP )VP . )S  STOP
(S (NP Last year )NP , (NP the Irish airport authority )NP , (PP in (NP (NP a joint venture )NP (PP with (NP Aeroflot )NP )PP )NP )PP , (VP opened (NP four *UNK- *UNK- shops )NP (PP at (NP (NP Moscow 's )NP *UNKC Airport )NP )PP )VP . )S  STOP
(S (NP Aer *UNKC )NP (ADVP now )ADVP (VP manages (NP *UNK- sales )NP (PP on (NP (NP all Aeroflot international flights )NP (PP out (PP of (NP Moscow )NP )PP )PP )NP )PP )VP . )S  STOP
(S (S (NP (NP *UNKC shops )NP (PP in (NP (NP *UNKC 's )NP *UNKC Airport )NP )PP )NP (VP opened (PP in (NP July )NP )PP )VP )S , and (S (NP (NP *UNK- shops )NP (PP (PP in (NP *UNKC hotels )NP )PP and (PP on (NP the *UNKC *UNK )NP )PP )PP )NP (VP are (VP coming (ADVP soon )ADVP )VP )VP )S . )S  STOP
(S (NP Aer *UNKC )NP (VP (VP is (VP talking (PP about (NP (NP similar joint ventures )NP (PP (PP in (NP *UNKC )NP )PP and (PP in (NP (NP *UNKC )NP , (NP a Black Sea resort )NP , )NP )PP )PP )NP )PP )VP )VP and (VP (ADVP even )ADVP has (NP (NP a *UNKLY project )NP (VP cooking (PP with (NP (NP the *UNKC city )NP (PP of (NP *UNKC )NP )PP )NP )PP )VP )NP )VP )VP . )S  STOP
(S (NP (NP (NP Aeroflot 's )NP international fleet )NP (PP of (NP *UNKN planes )NP )PP )NP (VP is (VP being (VP *UNKED and *UNKED (PP at (NP Shannon Airport )NP )PP )VP )VP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP to (NP (NP a new *UNK- agreement )NP and (NP (NP the ability )NP (PP of (NP Irish travel agents )NP )PP (S (VP to (VP issue (NP Aeroflot tickets )NP )VP )VP )S )NP )NP )PP )NP )S , (NP (NP tourists )NP (ADVP here )ADVP )NP (VP are (VP taking (NP advantage )NP (PP of (NP (NP Aeroflot 's )NP reasonable prices )NP )PP (S (VP to (VP board (NP (NP flights )NP (PP in (NP Shannon )NP )PP (PP for (NP (NP *UNK )NP (PP in (NP (NP *UNKC )NP , (NP *UNKC )NP and (NP Mexico City )NP )NP )PP )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The *UNK- fare )NP (PP to (NP *UNKC )NP )PP )NP (VP is (NP (NP *UNKN Irish *UNK )NP (PRN -LRB- (NP $ *UNKN )NP -RRB- )PRN )NP )VP . )S  STOP
(S (NP *UNKC )NP (VP costs (NP *UNKN *UNK )NP )VP . )S  STOP
(S (NP (NP A formal blessing )NP (PP of (NP sorts )NP )PP )NP (VP was (VP *UNKED (PP on (NP this friendship )NP )PP (PP in (NP April )NP )PP (SBAR (WHADVP when )WHADVP (S (NP Mikhail and *UNKC Gorbachev )NP (VP stopped (ADVP here )ADVP (PP for (NP (NP talks )NP (PP with (NP Irish Prime Minister Charles *UNKC )NP )PP )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP New trade accords )NP (VP were (VP signed )VP )VP . )S  STOP
(S (NP (NP It )NP (NP all )NP )NP (VP started (PP with (NP *UNK )NP )PP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP it )NP (VP opened (PP in (NP *UNKN )NP )PP )VP )S )SBAR , (NP Shannon )NP (VP was (NP (NP the first *UNK )NP (PP in (NP Europe )NP )PP (PP for (NP (NP *UNK airplanes )NP (VP flying (PP from (NP North America )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(S (S (NP (NP *UNKC )NP (PP in (NP aircraft fuel efficiency )NP )PP (PP over (NP the years )NP )PP )NP (VP made (S (NP a Shannon stop )NP (ADJP unnecessary (PP for (NP most Western air *UNK )NP )PP )ADJP )S )VP )S , but (S (NP Aeroflot )NP (ADVP still )ADVP (VP *UNK (NP (NP inefficient *UNKC )NP (SBAR (WHNP that )WHNP (S (VP ca n't (VP make (NP it )NP (PP from (NP Moscow )NP )PP (PP to (NP *UNKC )NP )PP (PP on (NP one *UNK )NP )PP )VP )VP )S )SBAR )NP )VP )S . )S  STOP
(S (PP As (NP a result )NP )PP , (NP Ireland )NP (VP did n't (VP *UNK (NP the Soviets )NP (SBAR after (S (NP they )NP (VP shot (PRT down )PRT (NP a Korean Air Lines jetliner )NP (PP over (NP (NP the Sea )NP (PP of (NP Japan )NP )PP )NP )PP (PP in (NP 1983 )NP )PP )VP )S )SBAR , (SBAR though (S (NP it )NP (VP suspended (NP direct *UNKC flights )NP (PP for (NP two months )NP )PP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP fact )NP )PP , (NP Aer *UNKC )NP (VP started (S (VP *UNKING (NP Russians )NP (PP from (NP Shannon )NP )PP (PP to (NP New York )NP )PP (SBAR (WHADVP when )WHADVP (S (NP Washington )NP (VP stripped (NP Aeroflot )NP (PP of (NP its U.S. landing rights )NP )PP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP Today )NP , (NP Aer *UNKC )NP (VP is (VP making (NP (NP a *UNK )NP (PP of (NP money )NP )PP )NP (PP from (NP its Soviet friendship )NP )PP )VP )VP . )S  STOP
(S And , (PP with (NP (NP those contacts )NP (PP in (NP place )NP )PP )NP )PP , (NP (NP it )NP )NP (VP could (VP be (ADJP relatively simple )ADJP (S (VP to (VP add (NP (NP Aer *UNKC )NP and (NP *UNKC )NP )NP (PP to (NP the team )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP Then )ADVP , (ADVP perhaps )ADVP , (NP (NP Mr. *UNKC 's )NP ideas )NP (VP would n't (VP sound (PP like (NP (ADJP so much )ADJP *UNK )NP )PP )VP )VP . )S  STOP
(S (NP (NP Britain 's )NP industrial production )NP (VP (VP rose (NP 1.5 % )NP (PP in (NP August )NP )PP (PP from (NP July )NP )PP )VP and (VP was (ADVP up (NP 0.9 % )NP (PP from (NP (NP August )NP (NP 1988 )NP )NP )PP )ADVP )VP , (PP according (PP to (NP (NP provisional data )NP (PP from (NP the Central *UNKC Office )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PP in (NP the energy sector )NP )PP , (SBAR (WHNP which )WHNP (S (VP can (VP vary (ADVP greatly )ADVP (PP with (NP (NP swings )NP (PP in (NP the oil market )NP )PP )NP )PP )VP )VP )S )SBAR , )NP (VP (VP rose (NP 3.8 % )NP (PP in (NP August )NP )PP (PP from (NP May )NP )PP )VP but (VP was (ADVP down (NP 7.1 % )NP (PP from (ADVP (NP a year )NP earlier )ADVP )PP )ADVP )VP )VP . )S  STOP
(S (NP The latest figures )NP (VP compare (PP with (NP (NP (NP July 's )NP (ADJP 4.5 % )ADJP *UNK- rise )NP and (NP (ADJP *UNKN % )ADJP *UNK- fall )NP )NP )PP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP *UNKC Corp. )NP (VP begins (S (VP shipping (NP (NP steel )NP (PP from (NP (NP the world 's )NP first *UNK- plant )NP )PP )NP (NP this month )NP )VP )S )VP )S )SBAR , (NP it )NP (VP will (VP begin (S (VP testing (NP (NP the competitive *UNK )NP (PP of (NP its giant competitors )NP )PP )NP )VP )S )VP )VP . )S  STOP
(S (NP (NP The new technology )NP , (SBAR (WHNP which )WHNP (S (VP creates (NP (NP a (ADJP very thin )ADJP piece )NP (PP of (NP steel )NP )PP )NP )VP )S )SBAR , )NP (VP (ADVP *UNKLY )ADVP reduces (NP (NP the costs )NP (PP of (S (VP making (NP *UNKED sheets )NP )VP )S )PP )NP )VP . )S  STOP
(S (NP (NP An *UNK Kenneth Iverson )NP , (NP (NP *UNKC 's )NP chairman )NP , )NP (VP says (SBAR (S (NP (NP the company 's )NP plant )NP (ADVP eventually )ADVP (VP will (VP make (NP (NP a ton )NP (PP of (NP steel )NP )PP )NP (PP in (NP 1.5 man hours )NP )PP , (PP compared (PP with (NP (NP (QP four to six )QP man hours )NP (PP at (NP a conventional mill )NP )PP )NP )PP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP We )NP (VP 've (VP had (S (NP (NP the Russians and Chinese )NP , and (NP (NP people )NP (PP from (NP India )NP )PP )NP )NP (VP visiting (NP us )NP )VP )S )VP )VP )S , '' (NP Mr. Iverson )NP (VP *UNK )VP . )S  STOP
(S `` (NP (NP Everyone )NP (PP in (NP the world )NP )PP )NP (VP is (VP watching (NP us )NP (ADVP very closely )ADVP )VP )VP . '' )S  STOP
(NP (NP *UNKLY his neighbors )NP , (NP the major U.S. steelmakers )NP . )NP  STOP
(S (ADVP Already )ADVP , (NP (NP USX Corp. )NP and (NP Armco Inc. )NP )NP (VP are (VP studying (NP (NP *UNKC 's )NP technology )NP (S (VP to (VP see (SBAR if (S (NP they )NP (VP can (VP adopt (NP it )NP )VP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(SINV (VP Says )VP (NP (NP the chief executive officer )NP (PP of (NP a major Midwest steel company )NP )PP )NP : `` (S (NP It )NP (VP 's (ADJP *UNK *UNK )ADJP )VP )S . '' )SINV  STOP
(S (NP The *UNK- steel industry )NP (VP is (VP about (S (VP to (VP be (VP turned (S (ADJP *UNK- )ADJP )S (PP by (NP a 1990s technology revolution )NP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP (ADJP New , efficient and sophisticated )ADJP processes )NP (VP make (S (NP (NP it )NP )NP (ADJP easier )ADJP (SBAR for (S (NP smaller , (ADJP less *UNK- )ADJP companies )NP (VP to (VP make (NP steel )NP (PP at (NP (NP a fraction )NP (PP of (SBAR (WHNP what )WHNP (S (NP Big Steel )NP (VP paid (ADVP (NP decades )NP ago )ADVP )VP )S )SBAR )PP )NP )PP )VP )VP )S )SBAR )S )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP *UNK (S (NP *UNK )NP (ADVP finally )ADVP (VP to (VP get (NP (NP a *UNK )NP (PP in (NP (NP the *UNKED steel market )NP -- (NP (NP the major steelmakers ' )NP (ADJP largest , (ADJP most *UNKED )ADJP , and (ADJP (PP until (ADVP now )ADVP )PP , *UNK )ADJP )ADJP , market )NP )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S But (NP such *UNK- technology )NP (VP is (NP only the beginning )NP )VP . )S  STOP
(S (NP *UNKC engineers )NP (VP *UNK (NP (NP (NP *UNKING )NP and (NP direct casting )NP )NP , (SBAR (WHNP which )WHNP (S (PP by (NP (NP the end )NP (PP of (NP the 1990s )NP )PP )NP )PP (VP will (VP enable (NP (NP production )NP (PP without (NP (NP *UNK *UNK )NP and (NP blast *UNK )NP )NP )PP )NP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Those massive structures )NP , (SBAR while (S (VP *UNKING (NP (UCP cost and environmental )UCP *UNK )NP )VP )S )SBAR , (VP (ADVP effectively )ADVP locked (PRT out )PRT (NP (NP all )NP (PP but (NP *UNKED giants )NP )PP )NP (PP from (NP *UNKING )NP )PP )VP . )S  STOP
(SINV `` (S (NP There )NP (VP 's (NP (NP a revolution )NP (ADVP ahead (PP of (NP us )NP )PP )ADVP (SBAR (WHNP that )WHNP (S (VP will (ADVP ultimately )ADVP (VP change (NP (NP the way )NP (SBAR (S (NP we )NP (VP market and distribute (NP steel )NP )VP )S )SBAR )NP )VP )VP )S )SBAR )NP )VP )S , '' (VP says )VP (NP (NP William Dennis )NP , (NP (NP vice president )NP , (NP manufacturing and technology )NP , (PP for (NP the American Iron *UNKC and Steel Institute )NP )PP )NP )NP . )SINV  STOP
(S (NP It )NP (VP is n't (SBAR that (S (NP major steelmakers )NP (VP have (VP (ADVP *UNKLY )ADVP ignored (NP high technology )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP fact )NP )PP , (NP they )NP (VP 've (VP spent (NP (NP billions )NP (PP of (NP dollars )NP )PP )NP (S (VP to (VP boost (NP (NP the percentage )NP (PP of (NP (ADJP *UNKLY cast )ADJP steel )NP )PP )NP (PP to (NP *UNKN % )NP (PP in (NP 1988 )NP )PP )PP , (PP from (NP *UNKN % )NP (ADVP (NP five years )NP before )ADVP )PP )VP )VP )S )VP )VP . )S  STOP
(S (ADVP Moreover )ADVP , (S (NP their balance sheets )NP (VP are (ADJP rich (PP with (NP diversity )NP )PP )ADJP )VP )S , (S (NP their old plants )NP (ADJP *UNKED )ADJP )S , and (S (NP work forces )NP (ADJP lean )ADJP )S . )S  STOP
(S But (NP that )NP (VP wo n't (VP *UNK )VP )VP . )S  STOP
(S `` (NP (NP It )NP )NP (VP 's (ADVP no longer )ADVP (ADJP enough )ADJP (S (VP to (VP beat (NP (NP the guy )NP (PP down (NP the street )NP )PP )NP )VP )VP )S )VP . )S  STOP
(SINV (S (NP You )NP (VP have (S (VP to (VP beat (NP (NP everyone )NP (PP around (NP the world )NP )PP )NP )VP )VP )S )VP )S , '' (VP says )VP (NP Mr. Dennis )NP . )SINV  STOP
(S (NP He )NP (VP wants (S (VP to (VP see (S (NP steelmakers )NP (ADJP more involved (PP in (NP (NP computers )NP and (NP *UNK intelligence )NP )NP )PP )ADJP )S )VP )VP )S )VP . )S  STOP
(NP (NP The problem )NP : (S (NP They )NP (VP 're (VP *UNKED (PP with (NP (NP huge plants )NP (SBAR (WHNP that )WHNP (S (VP require (NP costly maintenance )NP )VP )S )SBAR )NP )PP )VP )VP )S . )NP  STOP
(S And (VP try (VP *UNKING (S (NP new dollars )NP (ADJP free )ADJP )S (PP in (NP (NP a market )NP (SBAR (WHNP that )WHNP (S (VP is (VP softening )VP )VP )S )SBAR , (VP (VP hurt (PP by (NP a strong dollar )NP )PP )VP and (VP concerned (PP about (NP (NP overcapacity )NP -- (NP (NP the industry 's )NP *UNKC *UNKC )NP )NP )PP )VP )VP )NP )PP )VP )VP . )S  STOP
(SINV `` (S (NP The technology revolution )NP (VP is (VP going (S (VP to (VP be (ADJP very threatening (PP to (NP established producers )NP )PP )ADJP )VP )VP )S )VP )VP )S , '' (VP says )VP (NP (NP Peter *UNKC )NP , (NP (NP an analyst )NP (PP with (NP PaineWebber Inc )NP )PP )NP )NP . )SINV  STOP
(S `` (S (NP They )NP (VP 've (VP got (NP (NP too much )NP (VP invested (PP in (NP the old stuff )NP )PP )VP )NP )VP )VP )S and (S (NP they )NP (VP ca n't (VP get (S (NP their workers )NP (VP to (VP be (ADJP flexible )ADJP )VP )VP )S )VP )VP )S . '' )S  STOP
(S (NP No one )NP (VP expects (S (NP *UNK )NP (VP to (VP *UNK (NP (NP major integrated steelmakers )NP , (SBAR (WHNP who )WHNP (S (VP remain (NP (NP the *UNKED *UNK )NP (PP of (NP (NP *UNK- steel )NP (VP used (PP for (NP autos and *UNK )NP )PP )VP )NP )PP )NP )VP )S )SBAR )NP )VP )VP )S )VP . )S  STOP
(S (S (NP (NP (NP *UNKC 's )NP plant )NP (PP in (NP (NP *UNKC )NP , (NP Ind. )NP , )NP )PP )NP (ADVP ultimately )ADVP (VP will (VP produce (NP (NP (QP only one million )QP tons )NP )NP (ADVP annually )ADVP , (NP (NP a drop )NP (PP in (NP the *UNK- *UNKED steel *UNK )NP )PP )NP )VP )VP )S , and (S (NP it )NP (VP will (VP be (NP years )NP (SBAR before (S (NP such plants )NP (VP can (VP compete (PP in (NP the *UNK- market )NP )PP )VP )VP )S )SBAR )VP )VP )S . )S  STOP
(S (ADVP Still )ADVP , (NP *UNKED )NP (VP is (NP (NP the steel industry 's )NP bread and *UNK )NP , (S (VP representing (NP (NP (QP about half )QP )NP (PP of (NP (NP (NP the (QP 80 million )QP tons )NP (PP of (NP steel )NP )PP )NP (VP expected (S (VP to (VP be (VP shipped (NP this year )NP )VP )VP )VP )S )VP )NP )PP )NP )VP )S )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP the process )NP (VP is n't (PP without (NP its *UNK )NP )PP )VP . )S  STOP
(S (SBAR Because (S (NP all operations )NP (VP are (VP connected )VP )VP )S )SBAR , (NP one equipment failure )NP (VP forces (NP a complete plant shutdown )NP )VP . )S  STOP
(S (PP On (NP some days )NP )PP , (NP the *UNKC plant )NP (VP does n't (VP produce (NP anything )NP )VP )VP . )S  STOP
(SINV `` (S (S (PP At (NP this point )NP )PP , (NP the *UNK capacity )NP (VP wo n't (VP make (NP (NP a great *UNK )NP (PP in (NP the integrated market )NP )PP )NP )VP )VP )S , but (S (NP it )NP (VP does (VP challenge (NP them )NP (S (VP to (VP develop (NP new markets )NP )VP )VP )S )VP )VP )S )S , '' (VP says )VP (NP (NP James McCall )NP , (NP (NP vice president )NP , (NP materials )NP , (PP at (NP (NP *UNKC )NP , (NP (NP a technology and *UNK- giant )NP (VP based (PP in (NP (NP Columbus )NP , (NP Ohio )NP )NP )PP )VP )NP )NP )PP )NP )NP . )SINV  STOP
(S (ADVP Indeed )ADVP , (PP with (S (NP (NP demand )NP (PP for (NP steel )NP )PP )NP not (VP growing (ADVP fast enough (S (VP to (VP absorb (NP capacity )NP )VP )VP )S )ADVP )VP )S )PP , (NP steelmakers )NP (VP will (VP have (S (VP to (VP change (NP (NP the way )NP (SBAR (S (NP they )NP (VP do (NP business )NP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (PP In (NP the past )NP )PP (PRN , (SINV (VP says )VP (NP (NP Armco 's )NP chief economist John *UNKC )NP )SINV , )PRN (NP steelmakers )NP (VP (VP made (NP a product )NP )VP and (VP set (NP it )NP (PRT out )PRT (PP on (NP the *UNKING *UNK )NP )PP )VP )VP . )S  STOP
(S `` (S (NP We )NP (VP said : (S ` (S (NP We )NP (VP 've (VP got (NP a product )NP )VP )VP )S : (S (SBAR if (S (NP you )NP (VP want (NP it )NP )VP )S )SBAR , (NP you )NP (VP can (VP buy (NP it )NP )VP )VP )S )S )VP )S , ' '' (NP he )NP (VP says , (S (VP adding : (S `` (ADVP Now )ADVP (NP we )NP (VP (VP 're (VP figuring (PRT out )PRT (SBAR (WHNP what )WHNP (S (NP people )NP (VP need )VP )S )SBAR )VP )VP , and (VP are (VP going (PRT back )PRT (S (VP to (VP make (NP it )NP )VP )VP )S )VP )VP )VP )S )VP )S )VP . '' )S  STOP
(S (NP (NP Armco 's )NP sales representatives )NP (VP visit (NP (NP (NP the General Motors Corp. 's )NP *UNKC assembly plant )NP (PP in (NP (NP Kansas City )NP , (NP *UNKC )NP , )NP )PP )NP (NP (NP two or three days )NP (NP a week )NP )NP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP they )NP (VP determined (SBAR that (S (NP GM )NP (VP needed (NP parts )NP (ADVP more quickly )ADVP )VP )S )SBAR )VP )S )SBAR , (NP Armco )NP (VP convinced (S (NP a steel service center )NP (VP to (VP build (NP a processing plant )NP (ADVP nearby )ADVP (SBAR so (S (NP shipments )NP (VP could (VP be (VP delivered (PP within (NP 15 minutes )NP )PP )VP )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (S (VP *UNKING (NP (NP such relationships )NP (PP with (NP (NP major clients )NP -- (NP car and *UNK makers )NP -- )NP )PP )NP )VP )S (VP is (NP (NP a means )NP (PP of (NP survival )NP )PP )NP , (SBAR (ADVP especially )ADVP (WHADVP when )WHADVP (S (NP those key clients )NP (VP are (VP (VP relying (PP on (NP (NP a smaller pool )NP (PP of (NP producers )NP )PP )NP )PP )VP and (VP *UNKING (PP with (NP plastic and aluminum makers )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP For (NP example )NP )PP , (SBAR (WHADVP when )WHADVP (S (NP Detroit )NP (VP began (S (VP talking (PP about (NP *UNKED cars )NP )PP )VP )S )VP )S )SBAR , (NP the American Iron and Steel Institute )NP (VP began (NP a major lobbying effort )NP (S (VP to (VP show (NP auto makers )NP (SBAR (WHADVP how )WHADVP (S (NP they )NP (VP could (VP use (NP steel )NP (ADVP more efficiently )ADVP (PP by (S (VP (ADVP simply )ADVP *UNKING (SBAR (WHADVP how )WHADVP (S (NP a car door )NP (VP is (VP assembled )VP )VP )S )SBAR )VP )S )PP )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S But (NP steelmakers )NP (VP must (ADVP also )ADVP (VP find (NP new markets )NP )VP )VP . )S  STOP
(S (PP After (S (VP letting (S (NP *UNK- )NP (VP take (NP the recycling lead )NP )VP )S )VP )S )PP , (NP (NP a group )NP (PP of (NP (NP the nation 's )NP largest steelmakers )NP )PP )NP (VP started (NP a recycling institute )NP (S (VP to (VP promote (NP steel cans )NP (PP to (NP an (ADJP *UNKLY *UNK )ADJP nation )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP (NP *UNKC 's )NP Mr. McCall )NP (VP thinks (SBAR (S (NP steelmakers )NP (VP should (VP concentrate (ADVP more )ADVP (PP on (NP construction )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC Steel Corp. )NP , (NP (NP *UNKC )NP , (NP W. Va. )NP , )NP )NP (PP for (NP example )NP )PP , (VP is (VP touting (PP to (NP homeowners )NP )PP (NP (NP fashionable steel doors )NP , (PP with (NP *UNKED glass *UNK )NP )PP , )NP (PP as (NP (NP a (ADJP secure and *UNK- )ADJP alternative )NP (PP to (NP *UNK or aluminum ones )NP )PP )NP )PP )VP )VP . )S  STOP
(S (NP Other steelmakers )NP (VP *UNK (S (NP steel *UNK )NP (VP covering (NP *UNK )NP )VP )S )VP . )S  STOP
(S (NP Still others )NP (VP are (VP looking (PP at (NP overseas markets )NP )PP )VP )VP . )S  STOP
(S (NP USX )NP (VP is (VP *UNKING (NP drilling *UNK )NP (PP to (NP *UNK- Soviet Union )NP )PP )VP )VP . )S  STOP
(S (NP This year )NP , (NP (NP the nation 's )NP largest steelmaker )NP (VP *UNKED (NP its overseas sales operation )NP )VP . )S  STOP
(S (NP Producers )NP (ADVP also )ADVP (VP are (VP trying (S (VP to (VP *UNK (PP by (S (VP concentrating (PP on (NP (NP *UNK- output )NP , (PP such as (NP (NP *UNKED and *UNKED products )NP , (SBAR (WHNP which )WHNP (S (VP remain (PP beyond (NP (NP the reach )NP (PP of (NP *UNK )NP )PP )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP )S )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Almost all *UNK- programs )NP (VP announced (PP by (NP major steelmakers )NP )PP (PP within (NP the past year )NP )PP )VP )NP (VP involve (S (VP building (NP (NP *UNKING lines )NP , (VP used (S (VP to (VP produce (NP steel )NP (PP for (NP (NP such products )NP (PP as (NP (NP household appliances )NP and (NP car doors )NP )NP )PP )NP )PP )VP )VP )S )VP )NP )VP )S )VP . )S  STOP
(S But (ADVP unfortunately )ADVP , (NP that segment )NP (VP is (ADJP (ADJP much smaller )ADJP (PP than (NP the *UNK- *UNKED steel )NP )PP )ADJP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's (PP like (S (NP everyone )NP (VP (VP climbing (PP out (PP of (NP the *UNK II )NP )PP )PP )VP and (VP getting (PP into (NP a *UNK )NP )PP )VP )VP )S )PP )VP )S , '' (VP says )VP (NP (NP John Jacobson )NP , (NP (NP an analyst )NP (PP with (NP *UNKC Consultants )NP )PP )NP )NP . )SINV  STOP
(S `` (PP After (NP a while )NP )PP , (NP someone )NP (VP has (S (VP to (VP go (PP over (NP the side )NP )PP )VP )VP )S )VP . '' )S  STOP
(S (SBAR Although (S (NP he )NP (VP does n't (VP expect (NP any *UNK )NP )VP )VP )S )SBAR , (NP he )NP (VP does (VP see (S (NP more plants )NP (VP being (VP sold or closed )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Robert *UNKC )NP , (PP with (NP the *UNKC Institute )NP )PP , )NP (VP agrees )VP . )S  STOP
(S `` (SBAR Unless (S (NP there )NP (VP is (NP (NP (NP an enormous rate )NP (PP of (NP economic growth )NP )PP )NP or (NP (NP a further drop )NP (PP in (NP the dollar )NP )PP )NP )NP )VP )S )SBAR , (NP it )NP (VP 's (ADJP unlikely (SBAR that (S (NP (NP consumption )NP (PP of (NP U.S. produced steel )NP )PP )NP (VP will (VP grow (ADVP sufficiently (S (VP to (VP offset (NP (NP the growth )NP (PP of (NP *UNK )NP )PP )NP )VP )VP )S )ADVP )VP )VP )S )SBAR )ADJP )VP . '' )S  STOP
(FRAG (CONJP Not to mention )CONJP (NP (NP the *UNK )NP (PP of (NP imports )NP )PP )NP . )FRAG  STOP
(S (NP (NP Japanese and European steelmakers )NP , (SBAR (WHNP which )WHNP (S (VP have (VP led (NP the recent technology developments )NP )VP )VP )S )SBAR , )NP (VP are (VP (ADVP *UNKLY )ADVP awaiting (NP (NP the *UNKING )NP (PP of (NP trade *UNK )NP )PP (PP in (NP 1992 )NP )PP )NP )VP )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP the U.S. )NP (VP can (VP expect (NP (NP more competition )NP (PP from (NP (ADJP low-cost producing )ADJP (UCP (NP Pacific *UNKC )NP and (ADJP Latin American )ADJP )UCP countries )NP )PP )NP )VP )VP . )S  STOP
(S (NP A Taiwanese steelmaker )NP (ADVP recently )ADVP (VP announced (NP plans (S (VP to (VP build (NP a *UNKC plant )NP )VP )VP )S )NP )VP . )S  STOP
(SINV `` (S (NP People )NP (VP think (PP of (NP the steel business )NP )PP (PP as (NP an (ADJP old and *UNK )ADJP *UNK business )NP )PP )VP )S , '' (VP says )VP (NP Mr. Iverson )NP . )SINV  STOP
(S `` (NP They )NP (VP 're (ADJP dead wrong )ADJP )VP . '' )S  STOP
(X (X \* )X (NP (NP USX )NP , (NP LTV )NP , (NP Bethlehem )NP , (NP *UNKC )NP , (NP Armco )NP , (NP National Steel )NP )NP )X  STOP
(X (X \*\* )X (ADJP *UNKED )ADJP )X  STOP
(S (NP (NP (NP Polaroid Corp. 's )NP *UNK- damages case )NP (PP against (NP (NP Eastman Kodak Co. )NP , (NP (NP one )NP (PP of (NP (NP the highest stakes corporate trials )NP (ADVP ever )ADVP )NP )PP )NP , )NP )PP )NP (VP is (VP getting (NP *UNK attention )NP (PP on (NP Wall Street )NP )PP )VP )VP . )S  STOP
(S (PP After (NP (NP 78 days )NP (PP of (NP (NP *UNKING testimony )NP (PP in (NP (NP federal court )NP (PP in (NP Boston )NP )PP )NP )PP )NP )PP )NP )PP , (NP the trial )NP (VP is (VP being (ADVP all but )ADVP (VP ignored (PP by (NP (NP analysts )NP and (NP patent attorneys )NP )NP )PP )VP )VP )VP . )S  STOP
(S (NP Most )NP (VP have (VP (VP read (NP the pre-trial documents )NP , (ADVP however )ADVP , )VP and (VP estimate (SBAR (S (NP Kodak )NP (VP will (VP be (VP ordered (S (VP to (VP pay (NP (QP $ 1 billion to $ 1.5 billion )QP )NP (PP for (S (VP *UNKING (PP on (NP seven Polaroid patents )NP )PP )VP )S )PP )VP )VP )S )VP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (S (NP That )NP (VP may (VP be (NP (NP the largest patent award )NP (ADVP ever )ADVP )NP )VP )VP )S , but (S (NP it )NP (VP is (PP (ADVP well )ADVP below (NP (NP the (QP $ 12 billion )QP )NP (SBAR (S (NP Polaroid )NP (VP seeks )VP )S )SBAR )NP )PP )VP )S . )S  STOP
(S (NP (NP The highest patent damage award )NP (PP to (NP date )NP )PP )NP (VP was (PP in (NP (NP 1986 )NP , (SBAR (WHADVP when )WHADVP (S (NP Smith International Inc. )NP (VP was (VP ordered (S (VP to (VP pay (NP (QP $ *UNKN million )QP )NP (PP to (NP Baker Hughes Inc. )NP )PP (PP for (S (VP *UNKING (PP on (NP (NP a patent )NP (PP on (NP an oil drilling bit seal )NP )PP )NP )PP )VP )S )PP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The two companies )NP (ADVP later )ADVP (VP agreed (S (VP to (VP settle (PP for (NP (QP $ 95 million )QP )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP Few analysts )NP (VP think (SBAR (S (NP (NP it )NP )NP (VP is (PP worth (NP their time )NP )PP (S (VP to (VP *UNK (PP through (NP the Polaroid trial testimony )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S `` (NP It )NP (VP 's (PP like (S (VP *UNKING (PP for (NP gold )NP )PP (PP outside (PP of (NP Grand Central *UNKC )NP )PP )PP )VP )S )PP )VP . )S  STOP
(SINV (S (S (NP You )NP (VP might (VP find (NP something )NP )VP )VP )S , but (S (NP the chances )NP (VP are (ADJP low )ADJP )VP )S )S , '' (VP said )VP (NP (NP Michael *UNKC )NP , (NP (NP an analyst )NP (PP at (NP Wertheim Schroder & Co )NP )PP )NP )NP . )SINV  STOP
(S And (NP (NP Eugene Glazer )NP , (NP (NP an analyst )NP (PP at (NP Dean Witter Reynolds Inc. )NP )PP )NP , )NP (VP said : (S `` (SBAR If (S (NP you )NP (VP hired (NP (NP an attorney )NP (SBAR (S (VP to (VP (VP be (ADVP there )ADVP (NP all the time )NP )VP and (VP give (NP you )NP (NP (NP a -LRB- *UNK -RRB- )NP (PP of (NP the eventual award )NP )PP )NP )VP )VP )VP )S )SBAR )NP )VP )S )SBAR , (NP I )NP (VP would (VP be (ADJP willing (S (VP to (VP bet (SBAR that (S (NP he )NP (VP would (VP be (ADVP off '' (PP by (NP a lot )NP )PP )ADVP )VP )VP )S )SBAR )VP )VP )S )ADJP )VP )VP )S )VP . )S  STOP
(S (NP (NP A *UNK- trial )NP (PP in (NP the early 1980s )NP )PP )NP (VP determined (SBAR that (S (NP (NP Kodak )NP , (VP based (PP in (NP (NP Rochester )NP , (NP N.Y. )NP , )NP )PP )VP )NP (VP *UNKED (PP on (NP (NP patents )NP (PP of (NP (NP Polaroid )NP , (PP of (NP (NP Cambridge )NP , (NP Mass )NP )NP )PP )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP The main issues )NP (VP remaining )VP )NP (VP are (SBAR (SBAR (WHADVP how )WHADVP (S (VP to (VP *UNK (NP damages )NP )VP )VP )S )SBAR and (SBAR whether (S (NP the *UNK )NP (VP was (ADJP `` *UNK and *UNK )ADJP )VP )S )SBAR )SBAR )VP . '' )S  STOP
(S (SBAR If (FRAG (ADVP so )ADVP )FRAG )SBAR , (NP the damages )NP (VP could (VP be (VP tripled )VP )VP )VP . )S  STOP
(S (NP (NP Two analysts )NP (SBAR (WHNP who )WHNP (S (VP have (VP read (NP the *UNK )NP )VP )VP )S )SBAR , (NP (NP (NP David Nelson )NP (PP of (NP Shearson Lehman Hutton Inc. )NP )PP )NP and (NP (NP *UNKC D. *UNKC )NP , (NP (NP a litigation analyst )NP (PP at (NP *UNKC , Simpson & Co. )NP )PP )NP )NP )NP , )NP (VP think (SBAR (S (NP Judge A. David *UNKC )NP (VP will (VP decide (PP in (NP (NP Kodak 's )NP favor )NP )PP (PP on (NP the (ADJP `` *UNK and *UNK '' )ADJP issue )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP said (SBAR (S (NP (NP testimony )NP (PP by (NP (NP (NP Kodak 's )NP patent counsel )NP , (NP (NP Francis T. *UNKC )NP (PP of (NP *UNKC & *UNKC )NP )PP )NP , )NP )PP )NP (VP showed (SBAR that (S `` (NP he )NP (VP worked (PP with (NP Kodak )NP )PP (ADVP *UNKLY )ADVP (PP from (NP (NP the *UNK )NP (PP of (NP the project )NP )PP )NP )PP '' (PP in (NP an effort (S (VP to (VP avoid (NP *UNK )NP )VP )VP )S )NP )PP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S `` (S (S (NP Carr )NP (VP told (NP Kodak )NP (PP on (NP many occasions )NP )PP (S (VP to (VP avoid (NP various features )NP (PP because of (NP (NP Polaroid 's )NP patent positions )NP )PP )VP )VP )S )VP )S , '' and (S (NP Kodak )NP (VP followed (NP his advice )NP (PP in (NP every instance )NP )PP )VP )S )S , (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S But (NP (NP Irving *UNKC )NP , (NP (NP a patent expert )NP (PP at (NP (NP George Mason University School )NP (PP of (NP Law )NP )PP )NP )PP )NP (SBAR (WHNP who )WHNP (S (VP is (ADJP familiar (PP with (NP the case )NP )PP )ADJP )VP )S )SBAR , )NP (VP said (SBAR (S (NP the fact (SBAR that (S (NP seven patents )NP (VP were (VP *UNKED )VP )VP )S )SBAR )NP `` (VP suggests (SBAR (S (NP that *UNK )NP (VP was (ADJP *UNK )ADJP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP It )NP )NP (VP 's (ADJP difficult )ADJP (S (VP to (VP be (ADJP that consistently wrong )ADJP )VP )VP )S )VP . '' )S  STOP
(S (NP *UNKC )NP (ADVP also )ADVP (VP wonder (SBAR whether (S (NP Judge *UNKC )NP (VP will (VP use (NP (NP (NP the *UNK- method )NP (PP of (S (VP determining (NP damages )NP )VP )S )PP , (SBAR (WHNP which )WHNP (S (NP Polaroid )NP (VP favors (SBAR because (S (NP it )NP (VP would (VP result (PP in (NP a larger award )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )NP , or (NP the reasonable royalty method )NP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Polaroid )NP (VP claims (SBAR (S (NP it )NP (VP could (VP have (VP manufactured and sold (NP (NP all the instant cameras and film )NP (VP sold (PP by (NP Kodak )NP )PP )VP )NP (SBAR if (S (NP Kodak )NP (VP had n't (VP entered (NP the market )NP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Moreover )ADVP , (NP Polaroid )NP (VP contends (SBAR (S (NP it )NP (VP could (VP have (VP (VP sold (NP them )NP (PP at (NP a higher price )NP )PP )VP (PRN -- and (VP (ADVP thus )ADVP made (NP higher profits )NP )VP -- )PRN (SBAR because (S (NP it )NP (VP would n't (VP have (VP been (VP forced (S (VP to (VP match (NP (NP Kodak 's )NP lower prices )NP )VP )VP )S )VP )VP )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Each side )NP (VP has (VP called (NP (NP a Harvard Business School professor )NP (SBAR (S (VP to (VP testify (PP on (NP that issue )NP )PP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (S (NP Kodak )NP (VP hired (NP Robert *UNKC )NP )VP )S and (S (NP Polaroid )NP (VP brought (PRT in )PRT (NP Robert J. *UNKC )NP )VP )S . )S  STOP
(SINV `` (S (NP There )NP (VP 's (NP (NP nothing )NP (SBAR (WHNP that )WHNP (S (VP says (SBAR that (S (NP (NP people )NP (PP at (NP Harvard Business school )NP )PP )NP (VP have (S (VP to (VP agree (PP with (NP each other )NP )PP )VP )VP )S )VP )S )SBAR )VP )S )SBAR )NP )VP )S , '' (VP said )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S (NP *UNKC )NP (VP is (VP expected (S (VP to (VP continue (PP until (NP early December )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP A decision )NP (VP is n't (VP expected (PP until (NP (NP some time )NP (NP next year )NP )NP )PP )VP )VP . )S  STOP
(S (NP International Business Machines Corp. )NP (VP said (SBAR (S (NP earnings )NP (VP tumbled (NP 30 % )NP (PP in (NP the third quarter )NP )PP , (ADVP (ADVP even a bit further )ADVP (PP than (S (VP expected )VP )S )PP )ADVP , (S (VP *UNKING (S (NP the outlook )NP (ADJP *UNK )ADJP )S (PP for (NP the next few quarters )NP )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP The main reason )NP (VP was (NP (NP a delay )NP (PP in (NP (NP *UNK )NP (PP of (NP (NP new high-end disk drives )NP , (NP (NP a business )NP (SBAR (WHNP that )WHNP (S (VP accounts (PP for (NP (NP (QP some 10 )QP % )NP (PP of (NP (NP (NP IBM 's )NP (QP $ 60 billion )QP )NP (PP of (NP annual revenue )NP )PP )NP )PP )NP )PP )VP )S )SBAR )NP )NP )PP )NP )PP )NP )VP . )S  STOP
(S (NP (NP IBM )NP , (SBAR (WHNP which )WHNP (S (VP *UNKED (NP the poor results )NP (ADVP (NP three weeks )NP ago )ADVP )VP )S )SBAR , )NP (ADVP also )ADVP (VP cited (NP (NP an increase )NP (PP in (NP (NP its leasing business )NP , (SBAR (WHNP which )WHNP (S (VP tends (S (VP to (VP (VP lock (PRT in )PRT (NP business )NP (ADVP long-term )ADVP )VP but (VP cut (NP revenue )NP (PP in (NP the near term )NP )PP )VP )VP )VP )S )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP IBM )NP (VP noted (SBAR that (S (NP the stronger dollar )NP (VP has (VP cut (NP (NP the value )NP (PP of (NP overseas revenue and earnings )NP )PP )NP (SBAR (WHADVP when )WHADVP (S (NP they )NP (VP are (VP translated (PP into (NP dollars )NP )PP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Earnings )NP (VP fell (PP to (NP (NP (QP $ *UNKN million )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , )NP )PP (PP somewhat below (NP (NP (NP securities analysts ' )NP revised expectations )NP (PP of (NP (NP (QP around $ *UNKN )QP )NP (NP a share )NP )NP )PP )NP )PP )VP . )S  STOP
(S (NP That )NP (VP compared (PP with (NP (NP (NP the year-earlier (QP $ 1.25 billion )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP -- (SBAR (WHNP which )WHNP (S (VP was (VP inflated (PP (PP by (NP (NP a *UNK- gain )NP (PP from (NP (NP the sale )NP (PP of (NP some MCI Communications Corp. stock )NP )PP )NP )PP )NP )PP and (PP by (NP (NP an unspecified amount )NP (PP from (NP (NP a payment )NP (PP by (NP Fujitsu Ltd. )NP )PP (VP relating (PP to (NP a software dispute )NP )PP )VP )NP )PP )NP )PP )PP )VP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP Revenue )NP (VP climbed (NP 4.3 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP (NP IBM )NP , (NP (NP Armonk )NP , (NP N.Y. )NP )NP , )NP (VP remained (ADJP *UNK )ADJP )VP . )S  STOP
(S (NP (NP The computer giant )NP , (SBAR whose (S (NP U.S. results )NP (VP have (VP been (ADJP dismal )ADJP (PP for (NP years )NP )PP )VP )VP )S )SBAR , )NP (VP noted (SBAR that (S (NP revenue )NP (VP rose (ADVP again )ADVP (PP in (NP the U.S. )NP )PP (PP in (NP the third quarter )NP )PP , (PP following (NP (NP an increase )NP (PP in (NP the second period )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP The company )NP (VP said (PP in (NP a statement )NP )PP (SBAR that (S `` (NP (NP demand )NP (PP for (NP IBM products and services )NP )PP )NP (VP continues (S (VP to (VP be (ADJP good )ADJP (ADVP world-wide )ADVP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP We )NP (VP do not (VP see (NP (NP anything )NP )NP (PP in (NP (NP the fundamentals )NP (PP of (NP our business )NP )PP )NP )PP (SBAR (WHNP that )WHNP (S (VP would (VP cause (S (NP us )NP (VP to (VP change (NP (NP our strategy )NP (PP of (S (VP investing (PP for (NP profitable growth )NP )PP )VP )S )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP Securities analysts )NP , (ADVP however )ADVP , (VP remained (ADJP *UNK )ADJP )VP . )S  STOP
(SINV `` (S (NP I )NP (VP think (SBAR (S (NP 1990 )NP (VP will (VP be (NP another *UNK year )NP )VP )VP )S )SBAR )VP )S , '' (VP said )VP (NP (NP Steve *UNKC )NP (PP of (NP First Boston )NP )PP )NP . )SINV  STOP
(S (NP (NP Jay Stevens )NP (PP of (NP Dean Witter )NP )PP )NP (VP (ADVP actually )ADVP cut (NP his per-share earnings estimate )NP (PP (PP to (NP $ 9 )NP )PP (PP from (NP (NP $ *UNKN )NP (PP for (NP 1989 )NP )PP )NP )PP and (PP to (NP $ *UNKN )NP )PP (PP from (NP $ *UNKN )NP (PP in (NP 1990 )NP )PP )PP )PP (SBAR because (S (NP he )NP (VP decided (SBAR (S (NP sales )NP (VP would (VP be (ADJP (ADJP even weaker )ADJP (SBAR than (S (NP he )NP (VP had (VP expected )VP )VP )S )SBAR )ADJP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Both estimates )NP (VP would (VP mark (NP (NP declines )NP (PP from (NP (NP the 1988 net )NP (PP of (NP (NP (QP $ *UNKN billion )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP )NP )PP , (SBAR (WHNP which )WHNP (S (ADVP itself )ADVP (VP was (PP (ADVP well )ADVP below (NP (NP the record )NP (SBAR (S (NP IBM )NP (VP set (PP in (NP 1984 )NP )PP )VP )S )SBAR )NP )PP )VP )S )SBAR )NP )PP )NP )VP )VP . )S  STOP
(S (NP Mr. Stevens )NP (VP said (SBAR (S (NP he )NP (VP kept (NP (NP a `` *UNK '' recommendation )NP (PP on (NP the stock )NP )PP )NP (SBAR only because `` (S (NP all the damage )NP (VP has (VP been (VP done )VP )VP )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP the stock )NP (VP has n't (VP traded (PP below (NP (NP (QP 1 1\/2 times )QP book value )NP )NP )PP (PP over (NP the past 10 years )NP )PP , (SBAR (WHNP (WHNP which )WHNP (S (PP at (NP the moment )NP )PP (VP *UNK (PP to (NP (NP a stock price )NP (PP of (NP $ 100 )NP )PP )NP )PP )VP )S )WHNP )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The stock )NP (VP closed (NP yesterday )NP (PP at (NP (NP $ 103 )NP (NP a share )NP )NP )PP , (ADVP up (NP (QP just $ 1 )QP )NP )ADVP (PP in (NP (NP composite trading )NP (PP on (NP the New York Stock Exchange )NP )PP )NP )PP (SBAR as (S (NP the market )NP (VP surged )VP )S )SBAR )VP . )S  STOP
(S (NP Analysts )NP (VP worry (SBAR that (S (NP the *UNK- and leasing problems )NP (VP will (VP last (PP (ADVP at least )ADVP through (NP the first quarter )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP (NP A key part )NP (PP of (NP the question )NP )PP )NP (VP is , (SBARQ (SBARQ (WHADVP how soon )WHADVP (SQ does (NP this disk-drive )NP (VP come )VP )SQ )SBARQ and (SBARQ (WHADVP how soon )WHADVP (SQ does (NP production )NP (VP *UNK (PRT up )PRT )VP )SQ )SBARQ )SBARQ )VP )S ? '' (VP said )VP (NP (NP Steve Cohen )NP (PP at (NP *UNKC Financial Group )NP )PP )NP . )SINV  STOP
(S `` And (NP (NP the input )NP (SBAR (S (NP I )NP (VP 've (VP had (PP from (NP customers )NP )PP )VP )VP )S )SBAR )NP (VP is (SBAR that (S (NP it )NP (ADVP still )ADVP (VP could (VP be (NP a while )NP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (PP On (NP leasing )NP )PP , (NP (NP Bob *UNKC )NP (PP at (NP *UNKC Research )NP )PP )NP (VP said (SBAR (S (NP he )NP (VP thinks (SBAR (S (NP IBM )NP (VP has (VP hurt (NP itself )NP (ADVP *UNKLY )ADVP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP IBM )NP (VP has (VP priced (NP its leases )NP (ADVP aggressively )ADVP , (S (VP thinking (SBAR (S (NP that )NP (VP would (VP help (S (VP win (NP business )NP )VP )S )VP )VP )S )SBAR )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP he )NP (VP said (SBAR (S (NP IBM )NP (VP would (VP have (VP won (NP the business )NP (ADVP anyway )ADVP (PP as (NP (NP a sale )NP (PP to (NP (NP a third party )NP (SBAR (WHNP that )WHNP (S (VP would (VP have (ADVP then )ADVP (VP leased (NP the equipment )NP (PP to (NP the customer )NP )PP )VP )VP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP IBM )NP has (VP not only (VP hurt (NP its short-term revenue outlook )NP )VP but (VP has also (VP been (VP losing (NP money )NP (PP on (NP its leases )NP )PP )VP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Bob *UNKC )NP , (NP (NP executive vice president )NP (PP of (NP marketing )NP )PP (PP at (NP (NP *UNKC Inc. )NP , (NP a huge leasing firm )NP )NP )PP )NP , )NP (VP said : (S `` (S (VP To (VP put (NP it )NP (ADVP mildly )ADVP )VP )VP )S , (NP IBM Credit )NP (VP has (VP been (VP doing (NP (NP some )NP (PP of (NP (NP the worst economic deals )NP (PP of (NP (NP any leasing company )NP (SBAR (S (NP we )NP (VP have (ADVP ever )ADVP (VP seen )VP )VP )S )SBAR )NP )PP )NP )PP )NP )VP )VP )VP )S )VP . '' )S  STOP
(S (NP IBM )NP (VP is (VP expected (S (VP to (VP get (NP a boost )NP (ADVP soon )ADVP (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP *UNK (NP (NP some new versions )NP (PP of (NP its mainframes )NP )PP )NP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S But (NP (NP the basic technology )NP (PP in (NP the line )NP )PP )NP (VP (VP is (ADJP (NP (QP almost five )QP years )NP old )ADJP )VP , (SBAR (WHNP which )WHNP (S (VP means (SBAR (S (S (NP it )NP (VP is (ADJP long (PP in (NP the *UNK )NP )PP )ADJP )VP )S , and (S (NP competitors )NP (VP are (VP rolling (PRT out )PRT (NP (NP strong products )NP (PP of (NP their own )NP )PP )NP )VP )VP )S )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP IBM )NP (VP is (VP gaining (NP momentum )NP (PP in (NP the personal-computer market )NP )PP )VP , and (VP is (VP expected (S (VP to (VP introduce (NP some impressive workstations )NP (NP early next year )NP )VP )VP )S )VP )VP )VP . )S  STOP
(S But (S (NP (NP it )NP )NP (VP 's (ADJP hard )ADJP (S (VP to (VP squeeze (NP much profit )NP (PP out (PP of (NP the personal-computer business )NP )PP )PP (NP these days )NP )VP )VP )S )VP )S , and (S (NP (NP the workstation market )NP , (PP while (ADJP important )ADJP )PP , )NP (VP is (ADJP too small (S (VP to (VP rely (PRT on )PRT (PP for (NP much growth )NP )PP )VP )VP )S )ADJP )VP )S . )S  STOP
(S (NP The disk drives )NP (VP will (ADVP *UNK )ADVP (VP sell (ADVP well )ADVP (SBAR (WHADVP when )WHADVP (S (NP they )NP (ADVP finally )ADVP (VP become (ADJP available )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (S But (NP (NP the *UNKC )NP , (NP (NP IBM 's )NP (ADJP highly successful )ADJP *UNK line )NP , )NP (VP is (VP losing (NP its momentum )NP )VP )VP )S , and (S (NP some analysts )NP (VP said (SBAR (S (NP sales )NP (VP could (ADVP even )ADVP (VP decline (PP in (NP the fourth quarter )NP )PP )VP )VP )S )SBAR )VP )S . )S  STOP
(S (PP In (NP addition )NP )PP , (NP (NP (NP IBM 's )NP growth )NP (PP in (NP software )NP )PP (PP in (NP the third quarter )NP )PP )NP (VP was (NP (QP just 8.8 )QP % )NP , (PP (ADVP well )ADVP below (NP historical levels )NP )PP (SBAR even (WHADVP when )WHADVP (S (VP adjusted (S (VP to (VP reflect (NP (NP (NP (NP last year 's )NP payment )NP (PP from (NP Fujitsu )NP )PP )NP and (NP the stronger dollar )NP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S And (NP (NP expenses )NP , (ADVP up (NP 7.9 % )NP (PP in (NP the quarter )NP )PP )ADVP , )NP (VP have (VP stayed (ADJP *UNKLY high )ADJP )VP )VP . )S  STOP
(S (PP In (NP the nine months )NP )PP , (NP IBM )NP (VP earned (NP (NP (QP $ *UNKN billion )QP )NP , or (NP (NP $ *UNKN )NP (NP a share )NP )NP , (ADVP down (NP 8.4 % )NP (PP from (NP the year-earlier (NX (NX (QP $ *UNKN billion )QP )NX , or (NX (NP $ *UNKN )NP (NP a share )NP )NX )NX )NP )PP )ADVP )NP )VP . )S  STOP
(S (NP Revenue )NP (VP increased (NP 6.5 % )NP (PP to (NP (QP $ *UNKN billion )QP )NP )PP (PP from (NP (QP $ *UNKN billion )QP )NP )PP )VP . )S  STOP
(S (NP (NP PepsiCo Inc. 's )NP chairman )NP (VP said (SBAR (S (NP he )NP (VP is (ADJP `` (ADJP more )ADJP (PP than (ADJP comfortable )ADJP )PP (PP with '' (NP (NP analysts ' )NP estimates (SBAR that (S (NP third-quarter earnings )NP (VP rose (PP to (NP (NP (NP (QP at least 98 )QP cents )NP (PP to (NP $ 1 )NP )PP )NP (NP a share )NP )NP )PP (PP from (NP 91 cents )NP (ADVP (NP the year )NP earlier )ADVP )PP )VP )S )SBAR )NP )PP )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP D. Wayne *UNKC )NP , (ADVP also )ADVP (NP (NP chief executive officer )NP (PP of (NP the company )NP )PP )NP , )NP (VP indicated (SBAR that (S (NP he )NP (VP expects (S (NP analysts )NP (VP to (VP raise (NP (NP their forecasts )NP (PP for (NP 1989 )NP )PP )NP (SBAR after (S (NP the company )NP (VP releases (NP its earnings )NP (NP today )NP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (ADVP So far )ADVP , (NP analysts )NP (VP have (VP said (SBAR (S (NP they )NP (VP are (VP looking (PP for (NP (NP (QP $ *UNKN to $ 3.35 )QP )NP (NP a share )NP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP After (NP (NP today 's )NP announcement )NP )PP , (NP that range )NP (VP could (VP increase (PP to (NP (NP (QP $ 3.35 to $ *UNKN )QP )NP (NP a share )NP )NP )PP )VP )VP . )S  STOP
(S (NP The official )NP (VP said (SBAR (S (NP he )NP (ADVP also )ADVP (VP would (VP be (ADJP comfortable (PP with (NP that new range )NP )PP )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP 1988 )NP )PP , (NP the soft-drink giant )NP (VP earned (NP (NP $ *UNKN )NP (NP a share )NP )NP )VP . )S  STOP
(S (NP (NP Results )NP (PP for (NP 1989 )NP )PP )NP (VP will (VP include (NP (NP (QP about 40 )QP cents )NP (NP a share )NP (PP from (NP (NP the *UNK effects )NP (PP of (NP *UNK- and bottling company acquisitions )NP )PP )NP )PP )NP )VP )VP . )S  STOP
(S (PP In (NP (NP composite trading )NP (PP on (NP the New York Stock Exchange )NP )PP )NP )PP , (NP the company )NP (VP closed (NP yesterday )NP (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP , (ADVP up (NP $ *UNKN )NP )ADVP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP third-quarter sales )NP (VP are (VP expected (S (VP to (VP increase (NP 25 % )NP (PP from (NP (NP (QP $ *UNKN billion )QP )NP (PP of (NP (NP last year 's )NP third quarter )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Domestic soft-drink *UNK case sales )NP (VP are (VP estimated (S (VP to (VP have (VP risen (NP (QP only 1 )QP % )NP (PP in (NP the third quarter )NP )PP -- (PP (PP (ADVP well )ADVP below (NP (NP the (ADJP (QP 4 % to 5 % )QP )ADJP growth )NP (PP of (NP recent years )NP )PP )NP )PP -- but (PP (ADVP about )ADVP in (NP (NP line )NP (PP with (NP (NP the rest )NP (PP of (NP the soft-drink industry )NP )PP )NP )PP )NP )PP )PP )VP )VP )VP )S )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP blamed (NP the slower volume )NP (PP on (NP (NP *UNK weather )NP , (NP (NP a *UNK )NP (PP of (NP new products )NP )PP (PP in (NP the industry )NP )PP )NP and (PRN -- (PP to (NP a (ADJP much lesser )ADJP extent )NP )PP -- )PRN (NP pricing )NP )NP )PP )VP . )S  STOP
(S (NP PepsiCo )NP (VP said (SBAR (S (NP its soft-drink prices )NP (VP were (ADJP (NP (QP about 2 )QP % )NP higher )ADJP (PP in (NP the quarter )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. *UNKC )NP (ADVP also )ADVP (VP noted (SBAR that (S (NP soft-drink volume )NP (VP rose (NP a hefty 9 % )NP (PP in (NP (NP last year 's )NP third quarter )NP )PP , (S (VP making (S (NP the comparison )NP (ADJP more difficult )ADJP )S )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP International soft-drink volume )NP (VP was (ADVP up (NP (QP about 6 )QP % )NP )ADVP )VP . )S  STOP
(S (S (NP *UNKC *UNK )NP (VP increased (NP a strong 7 % )NP (PP in (NP the third quarter )NP )PP , (SBAR while (S (NP domestic profit )NP (VP increased (PP in (NP double *UNK )NP )PP )VP )S )SBAR )VP )S , (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (S (VP Excluding (NP (NP the British *UNK- business )NP (VP acquired (PP in (NP July )NP )PP )VP )NP )VP )S , (NP *UNK- international *UNK )NP (VP jumped (NP 40 % )NP , (SBAR with (S (NP sales )NP (ADJP strong (PP in (NP Spain , Mexico and Brazil )NP )PP )ADJP )S )SBAR )VP . )S  STOP
(S (NP Total *UNK- profit )NP (VP rose (NP 30 % )NP )VP . )S  STOP
(S (S (VP *UNKED (PP by (NP (NP *UNKC *UNKC )NP and (NP *UNKC Bell )NP )NP )PP )VP )S , (NP restaurant earnings )NP (VP increased (NP (QP about 25 )QP % )NP (PP in (NP the third quarter )NP )PP (PP on (NP a (ADJP 22 % )ADJP sales increase )NP )PP )VP . )S  STOP
(S (NP (NP *UNKC sales )NP (PP for (NP *UNKC *UNKC )NP )PP )NP (VP rose (NP (QP about 13 )QP % )NP , (SBAR while (S (NP *UNKC Bell 's )NP (VP increased (NP 22 % )NP , (SBAR as (S (NP the chain )NP (VP continues (S (VP to (VP benefit (PP from (NP its *UNK- strategy )NP )PP )VP )VP )S )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC Bell )NP (VP has (VP turned (PP around (NP declining customer counts )NP )PP (PP by (S (VP (ADVP *UNKLY )ADVP lowering (NP (NP the price )NP (PP of (NP its *UNK )NP )PP )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP (NP *UNKC *UNK- )NP (PP for (NP (NP Kentucky Fried *UNKC )NP , (SBAR (WHNP which )WHNP (S (VP has (VP struggled (PP with (NP (NP (NP increased competition )NP (PP in (NP the fast-food *UNK market )NP )PP )NP and (NP (NP a lack )NP (PP of (NP new products )NP )PP )NP )NP )PP )VP )VP )S )SBAR , )NP )PP )NP (VP rose (NP (QP only 1 )QP % )NP )VP . )S  STOP
(S (NP (NP The operation )NP , (SBAR (WHNP which )WHNP (S (VP has (VP been (ADJP slow (S (VP to (VP respond (PP to (NP (NP (NP consumers ' )NP shifting *UNK )NP (ADVP away (PP from (NP *UNKED foods )NP )PP )ADVP )NP )PP )VP )VP )S )ADJP )VP )VP )S )SBAR , )NP (VP has (VP been (VP developing (NP (NP a *UNK- product )NP (SBAR (WHNP that )WHNP (S (VP may (VP be (VP introduced (ADVP nationally )ADVP (PP at (NP (NP the end )NP (PP of (NP next year )NP )PP )NP )PP )VP )VP )VP )S )SBAR )NP )VP )VP )VP . )S  STOP
(S (S (NP The new product )NP (VP has (VP performed (ADVP well )ADVP (PP in (NP (NP a market test )NP (PP in (NP (NP Las Vegas )NP , (NP Nev. )NP )NP )PP )NP )PP )VP )VP )S , (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (PP After (NP (NP a four-year , (ADJP (QP $ 7.7 billion )QP )ADJP acquisition *UNK )NP (SBAR (WHNP that )WHNP (S (VP brought (NP (NP a major soft-drink company )NP , (NP *UNK *UNK )NP , (NP a fast-food chain )NP and (NP an overseas *UNK- giant )NP )NP (PP to (NP *UNKC )NP )PP )VP )S )SBAR )NP )PP , (NP Mr. *UNKC )NP (VP said (SBAR (S (NP he )NP (VP does n't (VP expect (NP any major acquisition )NP (PP in (NP the next year (QP or so )QP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S But , `` (S (NP You )NP (ADVP never )ADVP (VP can (VP tell )VP )VP )S , '' (PRN (S (NP he )NP (VP added )VP )S , )PRN `` (S (NP you )NP (VP have (S (VP to (VP take (NP advantage )NP (PP of (NP opportunities )NP )PP )VP )VP )S )VP )S . )S  STOP
(S (NP President Bush )NP (VP chose (NP (NP Martin *UNKC )NP , (NP (NP a longtime friend )NP (PP from (NP Texas )NP )PP )NP , )NP (S (VP to (VP be (NP (NP chairman )NP (PP of (NP the Federal Energy Regulatory Commission )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP would (VP succeed (NP (NP *UNKC *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP is (VP resigning )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP The White House )NP (VP said (SBAR (S (NP (NP Ms. *UNKC )NP , (NP (NP a Chicago *UNK )NP (SBAR (WHNP who )WHNP (S (ADVP previously )ADVP (VP held (NP (NP posts )NP (PP at (NP (NP the Energy Department )NP and (NP *UNKC )NP )NP )PP )NP )VP )S )SBAR )NP , )NP (VP is (VP leaving (S (VP to (VP become (NP (NP a vice president )NP (PP of (NP First Chicago Corp )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Mr. *UNKC )NP , (NP (NP an attorney )NP (PP in (NP (NP Midland )NP , (NP Texas )NP , )NP )PP )NP )NP (VP has (VP been (NP *UNK )NP (PP at (NP the Interior Department )NP )PP )VP )VP . )S  STOP
(S (NP He )NP (VP met (NP Mr. Bush )NP (PP in (NP (NP the 1950s )NP , (SBAR (WHADVP when )WHADVP (S (S (NP the president )NP (VP was (NP a young oil man )NP (PP in (NP Midland )NP )PP )VP )S and (S (NP Mr. *UNKC )NP (VP was (NP (NP a lawyer )NP (PP for (NP an oil firm )NP )PP )NP )VP )S )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The *UNKC )NP (VP is (NP (NP a *UNK- commission )NP (SBAR (WHNP that )WHNP (S (VP *UNK (NP (NP billions )NP (PP of (NP (NP dollars )NP (PP of (NP interstate wholesale energy transactions )NP )PP )NP )PP )NP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP Mr. *UNKC 's )NP appointment )NP (VP is (ADJP subject (PP to (NP (NP confirmation )NP (PP by (NP the Senate )NP )PP )NP )PP )ADJP )VP . )S  STOP
(S (NP Administration officials )NP (VP said (SBAR (S (NP (NP a date )NP (PP for (NP (NP Ms. *UNKC 's )NP departure )NP )PP )NP (VP has n't (VP been (VP set )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC *UNKC *UNKC *UNKC Corp. )NP (VP said (SBAR (S (NP its directors )NP (VP declared (NP (NP a dividend )NP (PP of (NP (NP five cents )NP (PP per (NP Class A common stock )NP )PP )NP )PP (ADJP payable (NP Nov. 6 )NP (PP to (NP (NP (NP stock )NP (PP of (NP record )NP )PP )NP (NP Oct. 16 )NP )NP )PP )ADJP )NP )VP )S )SBAR )VP . )S  STOP
(S (NP The dividend )NP (VP represents (NP (NP the balance )NP (PP of (NP (NP (NP its regular quarterly payout )NP (PP of (NP (NP 10 cents )NP (NP a share )NP )NP )PP )NP , (SBAR (WHPP of (WHNP which )WHNP )WHPP (S (NP (NP half )NP )NP (VP was (VP paid (NP July 17 )NP (PP in (NP a final distribution )NP )PP (ADVP prior (PP to (NP (NP its merger )NP (PP with (NP *UNKC Real Estate Investment Corp. )NP )PP , (PP (ADVP also )ADVP in (NP July )NP )PP )NP )PP )ADVP )VP )VP )S )SBAR )NP )PP )NP )VP . )S  STOP
(S (NP The company )NP (VP said (SBAR (S (NP it )NP (VP hopes (S (VP to (VP resume (NP (NP its schedule )NP (PP of (NP regular quarterly dividends )NP )PP )NP (PP at (NP (NP the end )NP (PP of (NP this year )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP it )NP (VP notified (NP Central Maine Power Co. )NP (SBAR (S (NP it )NP (VP will (VP cancel (NP a (ADJP (QP $ 4 billion )QP )ADJP contract (S (VP to (VP supply (NP electricity )NP (PP to (NP the Maine utility )NP )PP )VP )VP )S )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP The (ADJP *UNKLY owned )ADJP utility )NP (VP said (SBAR (S (NP it )NP (VP is (VP *UNKING (PRT up )PRT (NP the deal )NP (SBAR because `` (S (NP (NP the contract 's )NP objectives )NP (VP ca n't (VP be (VP *UNKED )VP )VP )VP )S )SBAR )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP (NP Maine regulators ' )NP refusal (S (VP to (VP approve (NP the contract )NP (NP earlier this year )NP )VP )VP )S )NP (VP (VP halted (NP (NP work )NP (PP on (NP *UNK lines )NP )PP )NP )VP and (VP stopped (NP (NP negotiations )NP (PP for (NP (NP resale )NP (PP of (NP (NP electricity )NP (VP carried (PP through (NP Maine )NP )PP (PP to (NP other utilities )NP )PP )VP )NP )PP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP It )NP (VP would (ADVP now )ADVP (VP be (ADJP *UNKLY impossible (S (VP to (VP begin (NP deliveries )NP (PP in (NP 1992 )NP )PP )VP )VP )S )ADJP )VP )VP )S , '' (NP a *UNKC official )NP (VP said )VP . )S  STOP
(S (NP The contract )NP (VP was (S (VP to (VP run (PP from (NP 1992 )NP )PP (PP to (NP *UNKN )NP )PP )VP )VP )S )VP . )S  STOP
(S (PP Under (NP the contract )NP )PP (NP *UNKC )NP (VP was (S (VP to (VP (VP supply (NP (NP (NP 400 *UNK )NP (PP of (NP power )NP )PP )NP )NP (PP to (NP Central Maine Power )NP )PP (S (VP starting (PP in (NP 1992 )NP )PP )VP )S )VP , (VP (NP 600 *UNK )NP (S (VP starting (PP in (NP 1995 )NP )PP )VP )S )VP and (VP (NP 900 *UNK )NP (S (VP starting (PP in )PP )VP )S )VP )VP )VP )S )VP )S  STOP
(S (NP *UNKC )NP (VP said (SBAR (S (NP (NP Maine regulators ' )NP refusal (S (VP to (VP approve (NP the contract )NP )VP )VP )S )NP (VP means (SBAR (S (NP Central Maine Power )NP (VP has (VP lost (NP (NP its place )NP (PP in (NP line )NP )PP )NP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP We )NP (VP wo n't (VP sign (NP (NP (NP any new contracts )NP -LCB- (PP with (NP deliveries )NP )PP -RCB- )NP (VP beginning (ADVP (ADVP earlier )ADVP (PP than (NP 2000 )NP )PP )ADVP )VP )NP )VP )VP )S , '' (NP the Hydro-Quebec official )NP (VP said )VP . )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP Hydro-Quebec )NP (ADVP already )ADVP (VP has (NP (NP some `` customers )NP )NP (PP in (NP mind )NP )PP '' (PP for (NP (NP the power )NP (SBAR (WHNP that )WHNP (S (VP was (S (VP to (VP be (VP delivered (PP to (NP Maine )NP )PP )VP )VP )VP )S )VP )S )SBAR )NP )PP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP (NP Nothing )NP )NP (VP has (VP happened (SBAR since (S (NP we )NP (VP signed (NP the contract )NP )VP )S )SBAR (S (VP to (VP undermine (NP our conviction (SBAR that (S (NP Hydro-Quebec )NP (VP was (NP (NP the *UNK- , (ADJP most *UNKLY acceptable )ADJP choice )NP (PP for (S (VP meeting (NP (NP a part )NP (PP of (NP (NP our customers ' )NP energy needs )NP )PP )NP (PP through (NP the year *UNKN )NP )PP )VP )S )PP )NP )VP )S )SBAR )NP )VP )VP )S )VP )VP )S , '' (VP said )VP (NP Central Maine senior vice president Donald F. Kelly )NP . )SINV  STOP
(S (NP Central Maine )NP (VP said (SBAR (S (NP it )NP (VP is (VP evaluating (NP `` (NP many energy options )NP '' (SBAR (S (VP to (VP make (PRT up )PRT (PP for (NP the lost future power )NP )PP )VP )VP )S )SBAR , (PP including (NP (NP (NP new energy generation and management proposals )NP (PP from (NP New England )NP )PP )NP , and (ADVP possibly )ADVP (NP new Canadian purchases )NP )NP )PP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP - (NP (NP Options traders )NP )NP (VP were (PP among (NP (NP the big victims )NP (PP of (NP (NP Friday 's )NP plunging stock market )NP )PP )NP )PP , (PP including (NP (NP one small firm )NP (SBAR (WHNP that )WHNP (S (VP required (NP an emergency (ADJP (QP $ 50 million )QP )ADJP bailout )NP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (S (SBAR While (S (NP (NP Monday 's )NP *UNKING markets )NP (VP helped (S (NP other investors )NP (VP *UNK (NP losses )NP )VP )S )VP )S )SBAR , (NP (NP (NP many (NX (NX options customers )NX and (NX professional traders )NX )NX )NP (PP in (NP stock-index options )NP )PP )NP and (NP (NP the options )NP (PP on (NP takeover stocks )NP )PP )NP )NP (VP were (VP left (PP with (NP multimillion-dollar losses )NP )PP )VP )VP )S , (NP (NP traders )NP (UCP (ADVP here )ADVP and (PP in (NP New York )NP )PP )UCP )NP (VP said )VP . )S  STOP
(S (NP Options traders )NP (VP were (VP hurt (ADVP (ADVP worse )ADVP (PP than (NP others )NP )PP )ADVP (PP on (NP Friday )NP )PP (PP because of (NP (NP the (ADJP highly volatile )ADJP nature )NP (PP of (NP (NP options )NP , (SBAR (WHNP which )WHNP (S (ADVP often )ADVP (VP rise or fall (PP in (NP value )NP )PP (NP (NP (NP several times )NP the amount )NP (PP of (NP (NP the price change )NP (PP in (NP (NP (NP the individual stock )NP or (NP (NP index )NP (PP of (NP stocks )NP )PP )NP )NP (SBAR (WHPP on (WHNP which )WHNP )WHPP (S (NP they )NP (VP are (VP based )VP )VP )S )SBAR )NP )PP )NP )PP )NP )VP )S )SBAR )NP )PP )NP )PP )VP )VP . )S  STOP
(S (ADVP Thus )ADVP , (NP options traders )NP (NP Friday )NP (VP were (VP stuck (PP with (NP (NP losses )NP (SBAR (WHNP that )WHNP (S (ADVP also )ADVP (VP were (ADJP (ADJP (NP several times )NP larger )ADJP (PP than (NP (NP those )NP (VP suffered (PP by (NP (NP many stock traders )NP (PP in (NP New York )NP )PP )NP )PP )VP )NP )PP )ADJP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP Jeffrey Miller )NP (PP of (NP Miller *UNKC *UNKC & Co. )NP )PP )NP (VP said (SBAR that (S (PP given (NP (NP the high degree )NP (PP of (NP (NP leverage )NP (PP in (NP the options market )NP )PP )NP )PP )NP )PP , (NP (NP it )NP )NP (VP is `` (ADJP very easy )ADJP (SBAR for (S (NP these guys )NP (VP to (VP get (VP wiped (PRT out )PRT )VP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP That )NP (VP may (ADVP just )ADVP (VP be (NP (NP the nature )NP (PP of (NP these (ADJP highly leveraged )ADJP little creatures )NP )PP )NP )VP )VP . '' )S  STOP
(S (NP An options contract )NP (VP gives (NP the holder )NP (NP the right (S (VP to (VP buy (PRN -LRB- call -RRB- )PRN or sell (PRN -LRB- put -RRB- )PRN (NP (NP (NP (NP a specific amount )NP (PP of (NP stock )NP )PP )NP , or (PRN (PP in (NP this case )NP )PP )PRN (NP (NP the value )NP (PP of (NP a stock index )NP )PP )NP , )NP (VP based (PP on (NP a *UNKED price )NP )PP )VP )NP (PP within (NP a given time period )NP )PP )VP )VP )S )NP )VP . )S  STOP
(S (NP (NP Options traders )NP (SBAR (WHNP who )WHNP (S , (PP in (NP (NP return )NP (PP for (NP (NP a small fee )NP , or (NP premium )NP )NP )PP )NP )PP , (VP had (ADVP previously )ADVP (VP sold (NP put options )NP (PP on (NP (NP stocks )NP or (NP stock indexes )NP )NP )PP )VP )VP )S )SBAR )NP (VP were (VP forced (PP on (NP Friday )NP )PP (S (VP to (VP buy (NP those contracts )NP (PRT back )PRT (PP at (NP (NP the (ADJP previously agreed )ADJP prices )NP , (SBAR (WHNP which )WHNP (S (VP were (PP (ADVP substantially )ADVP above (NP (NP those )NP (PP in (NP the market )NP )PP )NP )PP (SBAR as (S (NP it )NP (VP was (VP falling )VP )VP )S )SBAR )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP They )NP (ADVP then )ADVP (VP had (NP no choice )NP (PP in (NP many cases )NP )PP (X but (S (VP to (VP sell (NP the contracts )NP (PP at (NP *UNKING prices )NP )PP (PRN -- (PP in (NP most cases )NP )PP (PP at (NP a substantial loss )NP )PP )PRN )VP )VP )S )X )VP . )S  STOP
(S (NP (NP The latest round )NP (PP of (NP losses )NP )PP )NP (VP is (ADJP likely (S (VP to (VP be (NP (NP a serious blow )NP (PP to (NP (NP the Chicago Board Options Exchange )NP , (SBAR (WHNP which )WHNP (S (VP has (ADVP never )ADVP (VP (ADVP fully )ADVP recovered (PP from (NP (NP the *UNK )NP (PP of (NP (NP Black Monday )NP , (SBAR (WHADVP when )WHADVP (S (NP investors )NP (VP fled (NP the market )NP (PP because of (NP huge losses )NP )PP )VP )S )SBAR )NP )PP )NP )PP )VP )VP )S )SBAR )NP )PP )NP )VP )VP )S )ADJP )VP . )S  STOP
(SINV (VP *UNKING (S (NP matters )NP (ADJP worse )ADJP )S )VP (VP was )VP (NP the fact (SBAR that (S (NP late Friday afternoon )NP (NP the CBOE )NP (VP halted (NP stock-index options trading )NP (PP in (NP (NP step )NP (PP with (NP (NP (NP the Chicago Mercantile Exchange 's )NP halt )NP (PP in (NP stock-index futures )NP )PP )NP )PP )NP )PP )VP )S )SBAR )NP . )SINV  STOP
(S But (SBAR while (S (NP the Merc )NP (VP reopened (ADVP (NP a half hour )NP later )ADVP )VP )S )SBAR , (NP the CBOE )NP (VP remained (ADJP closed )ADJP , (S (VP leaving (S (NP many options traders )NP (ADJP unable (S (VP to (VP make (NP (NP trades )NP (SBAR (WHNP that )WHNP (S (VP might (VP have (VP reduced (NP the losses )NP )VP )VP )VP )S )SBAR )NP )VP )VP )S )ADJP )S )VP )S )VP . )S  STOP
(S (NP CBOE Chairman *UNKC `` Duke '' *UNKC )NP , (VP said (SBAR that , (S (PP unlike (NP the futures market )NP )PP , (NP the options exchange )NP (VP has (S (VP to (VP open (PP in (NP (NP a *UNK )NP (SBAR (WHNP that )WHNP (S (VP allows (S (NP each different options series )NP (VP to (VP trade )VP )VP )S )VP )S )SBAR )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP Exchange officials )NP (VP *UNKED (SBAR that (S (NP they )NP (VP would n't (VP have (VP been (ADJP able (S (VP to (VP make (NP such a *UNK )NP (PP with (NP (NP (NP the time )NP (VP remaining (NP Friday afternoon )NP )VP )NP )NP )PP )VP )VP )S )ADJP )VP )VP )VP )S )SBAR )VP )S , and (S (SBAR with (S (NP the stock-index futures )NP (PP on (NP (NP the *UNK )NP (PP of (S (VP closing (PP for (NP a second and final time )NP )PP )VP )S )PP )NP )PP )S )SBAR , (NP the CBOE )NP (VP *UNKED (SBAR that (S (NP its best course )NP (VP was (S (VP to (VP remain (ADJP closed )ADJP )VP )VP )S )VP )S )SBAR )VP )S . )S  STOP
(S (NP The damage )NP (VP was (ADJP (ADJP so bad )ADJP )ADJP (PP at (NP (NP Fossett Corp. )NP , (NP (NP an options trading firm )NP (ADVP here )ADVP )NP , )NP )PP (SBAR that (S (NP it )NP (VP was (VP forced (S (VP to (VP transfer (NP its accounts )NP (PP to (NP (NP (NP First Options )NP (PP of (NP Chicago )NP )PP )NP , (NP (NP a unit )NP (PP of (NP Continental Bank Corp. )NP )PP )NP , )NP )PP )VP )VP )S (PP as (NP (NP a result )NP (PP of (NP options trading losses )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP *UNKC )NP (ADVP so far )ADVP (VP is (NP (NP the only member )NP (PP of (NP a financial exchange )NP )PP (SBAR (S (VP to (VP be (VP forced (S (VP to (VP be (VP taken (PRT over )PRT (PP by (NP another firm )NP )PP (PP as (NP (NP a result )NP (PP of (NP (NP Friday 's )NP *UNK )NP )PP )NP )PP )VP )VP )VP )S )VP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP Fossett )NP (ADVP still )ADVP (VP had (NP (NP (NP (QP several million )QP dollars )NP (PP in (NP capital )NP )PP )NP (VP left (PP after (NP (NP (NP Friday 's )NP close )NP (PP of (NP trading )NP )PP )NP )PP )VP (PRN , but (ADJP not enough (SBAR that (S (NP (NP regulators )NP , (VP worried (PP about (NP another potential market plunge )NP )PP (NP yesterday )NP )VP , )NP (VP would (VP let (S (NP it )NP (VP reopen (PP for (NP trading )NP )PP )VP )S )VP )VP )S )SBAR )ADJP )PRN )NP )VP )S , (NP options exchange officials )NP (VP said )VP . )S  STOP
(S (ADVP Thus )ADVP , (PP in (NP (NP an unprecedented arrangement )NP (VP *UNKING (NP (NP the *UNK )NP (PP of (NP the transfer )NP )PP )NP )VP )NP )PP , (NP (NP the CBOE )NP , (NP the American Stock Exchange )NP and (NP (NP the Options Clearing Corp. )NP , (CONJP as well as )CONJP (NP (NP (NP the firm 's )NP owner )NP , (NP Stephen Fossett )NP , )NP )NP )NP (VP put (PRT up )PRT (NP (NP a total )NP (PP of (NP (QP $ 50 million )QP )NP )PP )NP (S (VP to (VP guarantee (NP (NP the customer positions )NP (VP being (VP transferred (PP to (NP the bank holding company subsidiary )NP )PP )VP )VP )NP (SBAR in case (S (NP the market )NP (VP plunged (ADVP again )ADVP (NP yesterday )NP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP (NP S. *UNKC *UNKC III )NP , (NP (NP vice chairman )NP (PP of (NP (NP Continental Bank )NP , (NP (NP First Options ' )NP parent company )NP , )NP )PP )NP )NP (VP said (SBAR (S (NP the firm )NP (VP took (PRT on )PRT (NP (NP (QP about 160 )QP accounts )NP (VP (ADVP formerly )ADVP held (PP by (NP Fossett )NP )PP )VP )NP , (S (NP (NP almost all )NP (PP of (NP them )NP )PP )NP (VP *UNKING (PP to (NP professional floor traders )NP )PP )VP )S )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP (NP Steve )NP and (NP his firm )NP )NP (VP were (ADVP still )ADVP (PP worth (NP (NP a lot )NP (PP of (NP money )NP )PP )NP )PP )VP )S , '' (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S `` (NP (NP A package )NP (PP of (NP credit support )NP )PP )NP (VP was (VP put (PRT together )PRT -- (PP including (NP (NP the assets )NP (PP of (NP (NP Steve )NP and (NP his firm )NP )NP )PP )NP )PP )VP )VP . '' )S  STOP
(S (NP The bailout )NP (VP was (VP *UNKED (PRT together )PRT (PP over (NP the weekend )NP )PP , (PP with (NP (NP officials )NP (PP from (NP (NP (NP the Federal Reserve Board )NP , (NP Securities and Exchange Commission )NP , (NP (NP Comptroller )NP (PP of (NP the Currency )NP )PP )NP and (NP Treasury )NP )NP (CONJP as well as )CONJP (NP the options exchanges )NP )NP )PP )NP )PP )VP )VP . )S  STOP
(S `` (S (NP (NP It )NP )NP (VP was (ADJP great )ADJP (S (VP to (VP have (NP (NP the luxury )NP (PP of (NP time )NP )PP )NP )VP )VP )S )VP )S , '' (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (PP At (NP one point )NP )PP , (NP an options industry official )NP (VP had (S (VP to (VP talk (NP (NP the Federal Reserve Bank )NP (PP of (NP (NP Chicago 's )NP night *UNK )NP )PP )NP (PP into (S (VP giving (NP him )NP (NP (NP the home phone number )NP (PP of (NP (NP *UNKC *UNKC )NP , (NP Chicago Fed president )NP )NP )PP )NP )VP )S )PP )VP )VP )S )VP . )S  STOP
(S (NP First Options )NP (VP did n't (VP have (S (VP to (VP put (NP any money )NP (PP into (NP the bailout )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP (NP Yesterday 's )NP rally )NP (PP in (NP the stock , futures and options markets )NP )PP )NP (VP led (S (NP CBOE and Amex officials )NP (VP to (VP conclude (SBAR that (S (NP (NP the (QP $ 50 million )QP )NP (PP in (NP guarantees )NP )PP )NP (ADVP almost certainly )ADVP (VP wo n't (VP need (S (VP to (VP be (VP tapped (PP by (NP First Options )NP )PP )VP )VP )VP )S )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (S (NP The Fossett firm )NP (VP had (NP some (NX (NX losses )NX and (NX liquidity problems )NX )NX )NP (PP during (NP the October 1987 crash )NP )PP (ADVP as well )ADVP )VP )S , (NP Mr. *UNKC )NP (VP said )VP . )S  STOP
(S (NP A federal official )NP (VP said (SBAR (SBAR that (S (NP Continental Bank )NP (VP worked (PP with (NP securities and banking regulators )NP )PP (PP over (NP the weekend )NP )PP (S (VP to (VP fashion (NP the Fossett bailout )NP )VP )VP )S )VP )S )SBAR , but (SBAR that (S (NP conditions )NP (VP were n't (VP *UNKED (PP by (NP those agencies )NP )PP )VP )VP )S )SBAR )SBAR )VP . )S  STOP
(S `` (S (NP It )NP (VP was (NP their business decision )NP )VP )S , '' (NP the official )NP (VP said )VP . )S  STOP
(S (NP (NP Officials )NP (PP at (NP (NP Options Clearing Corp. )NP , (SBAR (WHNP which )WHNP (S (VP processes (NP all options trades )NP (PP for (NP U.S. exchanges )NP )PP )VP )S )SBAR , )NP )PP )NP (VP said (SBAR that (S (NP the (ADJP (QP $ 50 million )QP )ADJP guarantee )NP (VP (VP was (ADJP unprecedented )ADJP )VP , but (VP was (ADJP necessary )ADJP (S (VP to (VP help (S (VP insure (NP (NP the integrity )NP (PP of (NP the options markets )NP )PP )NP )VP )S )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP It )NP (VP was (NP (NP an extraordinary situation )NP (SBAR (WHNP that )WHNP (S (VP needed (NP extraordinary steps )NP )VP )S )SBAR )NP )VP )S , '' (VP said )VP (NP (NP Paul Stevens )NP , (NP *UNKC (NX (NX president )NX and (NX chief operating officer )NX )NX )NP )NP . )SINV  STOP
(S (NP Mr. Stevens )NP (VP declined (S (VP to (VP give (NP (NP the specific contributions )NP (PP to (NP the (ADJP (QP $ 50 million )QP )ADJP guarantee )NP )PP (PP from (NP each participant )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S But (NP CBOE and Amex officials )NP (VP said (SBAR that (S (S (NP Options Clearing Corp. )NP (VP contributed (NP (QP $ 20 million )QP )NP (PP to (NP the guarantee )NP )PP )VP )S , (S (NP the CBOE )NP (VP put (PRT up )PRT (NP (QP $ 8 million )QP )NP )VP )S , (S (NP the Amex )NP (VP added (NP (QP $ 4 million )QP )NP )VP )S and (S (NP (QP $ 18 million )QP )NP (VP came (PP from (NP (NP Mr. Fossett 's )NP own assets )NP )PP )VP )S )S )SBAR )VP . )S  STOP
(S (NP Mr. Fossett )NP (VP could n't (VP be (VP reached (S (VP to (VP comment )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP *UNKC Foster )NP (VP (VP takes (PRT off )PRT (NP her *UNK )NP )VP , (VP *UNK (NP herself )NP (PP on (NP a *UNKED chair )NP )PP )VP and (VP (ADVP *UNKLY )ADVP *UNK (ADVP forward )ADVP )VP )VP . )S  STOP
(S (PP With (S (NP a *UNK- tape )NP (VP playing (ADVP *UNKLY )ADVP (PP in (NP the background )NP )PP )VP )S )PP , (NP (NP the *UNKING hands )NP (PP of (NP *UNKC *UNKC )NP )PP )NP (VP begin (S (VP to (VP work (PP on (NP (NP Ms. Foster 's )NP neck and *UNK )NP )PP )VP )VP )S )VP . )S  STOP
(S `` (S (NP It )NP (VP 's (PP like (NP an *UNK )NP )PP (PP in (NP this room )NP )PP )VP )S , '' (NP Ms. Foster )NP (VP *UNK )VP . )S  STOP
(S (NP (NP The room )NP (PP in (NP question )NP )PP )NP (VP is (NP (NP (NP the directors ' )NP *UNK )NP (PP of (NP *UNKC *UNKC Co. )NP )PP , (PP (NP 60 floors )NP above (NP (NP the *UNK )NP (PP of (NP Pittsburgh )NP )PP )NP )PP )NP )VP . )S  STOP
(S (ADVP There )ADVP , (PP amid (NP (NP oil paintings )NP and (NP marble tables )NP )NP )PP , (NP *UNK )NP (VP are (VP *UNKED (NP every Wednesday )NP )VP )VP . )S  STOP
(S `` (PP On (NP (NP days )NP (SBAR (WHADVP that )WHADVP (S (NP I )NP (VP 'm (ADJP really busy )ADJP )VP )S )SBAR )NP )PP (PRN , '' (SINV (VP says )VP (NP (NP Ms. Foster )NP , (SBAR (WHNP who )WHNP (S (VP works (PP in (NP public relations )NP )PP (PP for (NP the company )NP )PP )VP )S )SBAR )NP )SINV , )PRN `` (NP (NP it )NP )NP (VP seems (ADJP *UNK )ADJP (S (VP to (VP take (NP time )NP (PRT off )PRT (PP for (NP a massage )NP )PP )VP )VP )S )VP . '' )S  STOP
(S (SBAR Although (S (NP such sessions )NP (VP may (ADVP never )ADVP (VP replace (NP coffee breaks )NP )VP )VP )S )SBAR , (NP (NP *UNK- massage )NP (PRN , (SBAR as (S (NP it )NP (VP is (VP known (PP in (NP the trade )NP )PP )VP )VP )S )SBAR , )PRN )NP (VP is (VP (ADVP certainly )ADVP *UNKING (NP corporate America )NP )VP )VP . )S  STOP
(S (PP In (NP some companies )NP )PP (NP middle managers )NP (VP *UNK (NP massage *UNK )NP (PP into (NP the office )NP )PP , (S (ADJP *UNK (SBAR that (S (NP *UNK- executives )NP (VP wo n't (VP approve )VP )VP )S )SBAR )ADJP )S )VP . )S  STOP
(S (NP (NP Ms. Foster 's )NP *UNK )NP (VP is (NP (NP nothing )NP (PP like (NP (NP the *UNKLY , *UNK- *UNK )NP (VP enjoyed (PP by (NP *UNK visitors )NP )PP )VP )NP )PP )NP )VP . )S  STOP
(SINV Nor does (NP it )NP (VP (ADVP at all )ADVP resemble (PRN -LRB- (PP despite (SBAR (WHNP what )WHNP (S (NP some executives )NP (VP think )VP )S )SBAR )PP -RRB- )PRN (NP (NP the (ADJP more intimate )ADJP variety )NP (VP offered (PP at (NP specialty *UNK )NP )PP (PP in (NP (NP bad parts )NP (PP of (NP town )NP )PP )NP )PP )VP )NP )VP . )SINV  STOP
(S (PP On (NP the contrary )NP )PP , (NP office *UNK )NP (ADVP usually )ADVP (VP take (NP place )NP (PP in (NP (NP (ADJP *UNKLY *UNKED )ADJP conference rooms )NP , (SBAR (WHADVP where )WHADVP (S (NP *UNK- employees )NP (VP relax (PP in (NP (ADJP specially designed )ADJP chairs )NP )PP , (S (ADJP fully *UNKED )ADJP )S )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP The *UNK )NP (VP (VP last (NP 15 minutes )NP )VP and (VP (ADVP typically )ADVP cost (NP (QP about $ 10 )QP )NP )VP )VP . )S  STOP
(S (NP (NP Some companies )NP , (PP including (NP *UNKC )NP )PP , )NP (ADVP even )ADVP (VP pay (NP (NP part )NP (PP of (NP the fee )NP )PP )NP )VP . )S  STOP
(S (NP Ms. *UNKC )NP (VP has (VP been (VP seeing (NP (NP (QP some 15 )QP clients )NP (NP a visit )NP )NP (SBAR since (S (NP the program )NP (VP was (VP started (PP at (NP *UNKC )NP )PP (NP last year )NP )VP )VP )S )SBAR )VP )VP )VP . )S  STOP
(S (NP (NP Anthony *UNKC *UNKLY )NP , (NP (NP the company 's )NP chairman )NP , )NP (VP *UNK (PP by (NP her firm touch )NP )PP , (S (VP saying (SBAR (S (NP regular massages )NP (VP are (NP (NP a *UNK )NP (PP for (NP his old football injuries )NP )PP )NP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP *UNKC advocates )NP (VP say (SBAR that (S (S (VP *UNKING (NP the head , *UNK , neck and back )NP )VP )S (VP can (VP go (PP (NP a long way )NP toward (S (VP (VP easing (NP tension )NP )VP and (VP improving (NP *UNK )NP )VP )VP )S )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP They )NP (ADVP also )ADVP (VP insist (SBAR (SBAR that (S (NP *UNKING )NP (VP is (NP (NP a basic need )NP , (ADJP (ADJP as powerful )ADJP (PP as (NP (NP the need )NP (PP for (NP food or *UNK )NP )PP )NP )PP )ADJP , )NP )VP )S )SBAR and (SBAR that (S (NP the office )NP (VP is (NP (NP (NP (ADJP as good )ADJP a place )NP (PP as (NP any )NP )PP )NP (SBAR (S (VP to (VP do (NP it )NP )VP )VP )S )SBAR )NP )VP )S )SBAR )SBAR )VP . )S  STOP
(SINV `` (S (S (NP The blood )NP (VP flows (PP to (NP your head )NP )PP )VP )S , (S (NP you )NP (VP feel (ADJP *UNKED )ADJP )VP )S and (S (NP you )NP (VP do n't (VP feel (NP (NP tension )NP (PP around (NP the head or neck )NP )PP )NP )VP )VP )S )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP an operations supervisor )NP (PP at (NP (NP the Social Security office )NP (PP in (NP (NP Grand *UNKC )NP , (NP Mich. )NP , )NP )PP (SBAR (WHADVP where )WHADVP (S (NP massages )NP (VP began (NP last month )NP )VP )S )SBAR )NP )PP )NP )NP . )SINV  STOP
(S `` (SBAR (WHADVP When )WHADVP (S (NP you )NP (VP leave (NP the room )NP (PP after (NP your massage )NP )PP )VP )S )SBAR , (NP people )NP (VP say (SBAR (S (NP you )NP (VP look (SBAR like (S (NP you )NP (VP 're (VP *UNKING )VP )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(SINV (VP Adds )VP (NP (NP *UNKC *UNKC )NP , (NP (NP the *UNK- *UNK )NP (SBAR (WHNP who )WHNP (S (VP *UNK (NP her trade )NP (PP in (NP the Grand *UNKC office )NP )PP )VP )S )SBAR )NP )NP , `` (S (NP They )NP (VP fall (PP in (NP love )NP )PP (PP with (NP my hands )NP )PP )VP )S . '' )SINV  STOP
(S (NP Not everyone )NP , (ADVP however )ADVP , (VP is (PP at (NP (NP ease )NP (PP with (NP office massage )NP )PP )NP )PP )VP . )S  STOP
(S (ADVP (NP Three years )NP ago )ADVP , (NP (NP (NP the Internal Revenue Service 's )NP office )NP (PP in (NP (NP San Jose )NP , (NP Calif. )NP , )NP )PP )NP (VP opened (NP its doors )NP (PP to (NP *UNK- massage )NP )PP )VP . )S  STOP
(S And (SBAR even though (S (NP employees )NP (VP paid (NP the bill )NP )VP )S )SBAR , (NP taxpayers )NP (VP *UNKED )VP . )S  STOP
(SINV `` (S (ADVP Sometimes )ADVP , (PP with (NP (NP the release )NP (PP of (NP stress )NP )PP )NP )PP , (NP you )NP (VP hear (S (NP ` *UNK ' and ` *UNK ' )NP (VP coming (PP out (PP of (NP the room )NP )PP )PP )VP )S )VP )S , '' (VP explains )VP (NP (NP Morgan Banks )NP , (NP (NP the agency 's )NP health specialist )NP )NP . )SINV  STOP
(S `` And (NP you )NP (VP ca n't (VP have (S (NP (NP taxpayers )NP (VP coming (PP into (NP an audit )NP )PP )VP )NP (VP hearing (NP ` *UNK ' and ` *UNK )NP )VP )S )VP )VP . ' '' )S  STOP
(S (NP Last month )NP , (S (NP the complaints )NP (VP *UNKED )VP )S and (S (NP the massages )NP (VP ended )VP )S . )S  STOP
(S `` (S (ADVP Now )ADVP (NP we )NP (VP 're (VP looking (PP for (NP (NP a room )NP (PP with (NP *UNK walls )NP )PP )NP )PP )VP )VP )S , '' (NP Ms. Banks )NP (VP says )VP . )S  STOP
(S (NP *UNKC )NP (ADVP also )ADVP (VP has (NP (NP an image problem )NP (SBAR (S (VP to (VP contend (PP with )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Some *UNK )NP (VP have (VP tried (S (VP to (VP get (PP around (NP this )NP )PP (PP by (S (VP (VP calling (S (NP themselves )NP `` (NP *UNK )NP '' )S )VP and (VP describing (NP their office visits )NP (PP as `` (NP *UNK breaks )NP )PP )VP )VP )S )PP )VP )VP )S )VP )VP . '' )S  STOP
(S (S But (NP (NP massage )NP (PRN , (FRAG (NP no matter )NP (WHADJP how *UNK )WHADJP )FRAG , )PRN )NP (VP is (ADVP still )ADVP (VP associated (PP in (NP many minds )NP )PP (PP with (NP (NP *UNK *UNK )NP (PP for (NP *UNK )NP )PP )NP )PP )VP )VP )S , and (S (NP that )NP (VP makes (S (NP some executives )NP (ADJP nervous )ADJP )S )VP )S . )S  STOP
(S (NP Last year )NP , (NP (NP the research and development division )NP (PP of (NP (NP Weyerhaeuser Co. )NP , (NP the large *UNK- concern )NP , )NP )PP )NP (VP invited (NP a *UNK )NP (PP to (NP its (NAC *UNKC , Wash. , )NAC offices )NP )PP )VP . )S  STOP
(S (NP (NP Phil *UNKC )NP , (NP a software engineer )NP , )NP (VP was (NP an eager customer )NP )VP . )S  STOP
(S `` (S (NP You )NP (VP build (PRT up )PRT (NP (NP a lot )NP (PP of (NP tension )NP )PP )NP (S (VP working (PP at (NP a terminal )NP )PP (NP all day )NP )VP )S )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S But (PP after (NP about eight months )NP )PP , (NP (NP (NP the vice president )NP (PP of (NP the division )NP )PP )NP , (NP Ed *UNKC )NP , )NP (VP (VP learned (PP about (NP the sessions )NP )PP )VP and (VP brought (NP them )NP (PP to (NP a halt )NP )PP )VP )VP . )S  STOP
(S (NP Mr. *UNKC )NP (VP says (SBAR (S (NP his only beef )NP (VP was (SBAR that (S (S (NP the massages )NP (VP were (VP being (VP given (PP in (NP a company conference room )NP )PP )VP )VP )VP )S ; (S (NP (NP the department 's )NP *UNKED health facility )NP (VP would (VP have (VP been (ADJP fine )ADJP )VP )VP )VP )S )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S `` (S (PP In (NP my view )NP )PP , -LCB- (NP massages )NP -RCB- (VP should (VP be (VP managed (PP with (NP (NP an appropriate *UNK )NP (PP of (NP males and *UNK )NP )PP (ADVP around )ADVP )NP )PP )VP )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (PP Given (NP such attitudes )NP )PP , (NP some corporate *UNK )NP (VP prefer (S (VP to (VP go (PP about (NP their business )NP )PP (ADVP quietly )ADVP )VP )VP )S )VP . )S  STOP
(S (NP (NP Russell *UNKC )NP (PP of (NP (NP Park *UNKC )NP , (NP N.J. )NP , )NP )PP )NP (VP says (SBAR (S (NP he )NP (VP has (VP been (VP working (PP for (NP the past year )NP )PP (PP at (NP (NP a huge chemical and manufacturing concern )NP (PP in (NP New York )NP )PP )NP )PP -- (S (ADJP *UNK (PP to (NP (NP the company 's )NP executives )NP )PP )ADJP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP He )NP (VP visits (NP the same department )NP (NP (QP every two or three )QP weeks )NP )VP . )S  STOP
(S (S (NP His massage chair )NP (VP is (VP kept (PP in (NP a *UNK )NP )PP )VP )VP )S , and (S (NP a secretary )NP (VP *UNK (NP him )NP (PP past (NP security )NP )PP )VP )S . )S  STOP
(SINV `` (S (NP This )NP (VP is (ADJP common (PP with (NP (NP a lot )NP (PP of (NP large companies )NP )PP )NP )PP )ADJP )VP )S , '' (VP says )VP (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP worked (PP for (NP American Telephone & Telegraph Co. )NP )PP (PP for (NP 23 years )NP )PP (PP before (S (VP choosing (NP his current trade )NP )VP )S )PP )VP )S )SBAR )NP . )SINV  STOP
(S (NP Managers )NP (PRN , (S (NP he )NP (VP contends )VP )S , )PRN `` (VP are (ADJP afraid (SBAR (WHADVP how )WHADVP (S (NP they )NP (VP 're (VP going (S (VP to (VP look (PP in (NP (NP the eyes )NP (PP of (NP their *UNK )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP My vision )NP (VP is (S (VP to (VP change (NP (NP human *UNK )NP (PP *UNK (NP touch )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S (NP My attitude )NP (VP is : (S (VP Let (NP 's )NP (VP come (PP out (PP of (NP the *UNK )NP )PP )PP )VP )VP )S )VP . '' )S  STOP
(S (ADVP *UNKLY )ADVP , (NP (NP all )NP (SBAR (WHNP that )WHNP (S (VP 's (VP needed )VP )VP )S )SBAR )NP (VP is (NP a little *UNKING )NP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP a St. Louis *UNK )NP , )NP (VP won (PRT over )PRT (NP (NP officials )NP (PP at (NP (NP *UNKC Electric Co. )NP , (NP (NP a maker )NP (PP of (NP electrical and electronic equipment )NP )PP )NP , )NP )PP )NP (PP by (S (VP providing (NP (NP (NP documents )NP and (NP other articles )NP )NP (VP *UNKING (NP (NP the *UNK benefits )NP (PP of (NP massage )NP )PP )NP )VP )NP )VP )S )PP )VP . )S  STOP
(S (NP She )NP (VP notes (SBAR that (S (NP she )NP (ADVP also )ADVP (VP *UNK (NP *UNK )NP (PP during (NP her weekly visits )NP )PP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP I )NP (VP (VP pull (NP my hair )NP (PRT back )PRT )VP , (VP wear (NP a little *UNK )NP )VP and (VP look (ADJP corporate )ADJP )VP )VP )S , '' (VP says )VP (NP (NP Ms. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP has (VP been (VP visiting (NP Emerson )NP (PP since (NP January )NP )PP )VP )VP )VP )S )SBAR )NP . )SINV  STOP
(S `` (SBAR If (S (NP I )NP (VP go (PP in (NP there )NP )PP (SBAR as (S (NP I )NP (VP (ADVP normally )ADVP dress )VP )S )SBAR )VP )S )SBAR , (NP they )NP (VP 'd (VP ask , (SBARQ ` (WHNP Who )WHNP (SQ (VP is (NP this *UNK )NP )VP )SQ )SBARQ )VP )VP ? ' '' )S  STOP
(S (NP (NP The *UNKED father )NP (PP of (NP *UNK- massage )NP )PP )NP (VP is (NP (NP David *UNKC )NP , (NP (NP (NP a *UNK- San Francisco *UNK )NP (SBAR (WHNP whose mission )WHNP (S (VP is (S (VP to (VP save (NP the *UNKED *UNK )NP )VP )VP )S )VP )S )SBAR )NP )NP )NP )VP . )S  STOP
(S (S (VP To (VP help (VP do (NP this )NP )VP )VP )VP )S , (NP Mr. *UNKC )NP (VP developed (NP (NP a portable massage chair )NP )NP (ADVP (NP three years )NP ago )ADVP (SBAR (WHNP that )WHNP (S (NP he )NP (VP hopes (SBAR (S (VP will (VP bring `` (NP structured *UNKING )NP '' (PP into (NP mainstream America )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP The culture )NP (VP is not (ADJP ready (S (VP to (VP (VP take (PRT off )PRT (NP its clothes )NP )VP , (VP lie (PRT down )PRT )VP and (VP be (VP touched (PP for (NP an hour )NP )PP (PP for (NP $ 45 )NP )PP )VP )VP )VP )VP )S )ADJP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` (NP The idea )NP (VP is (S (S (VP to (VP keep (S (NP the clothes )NP (ADVP on )ADVP )S )VP )VP )S and (S (VP to (VP keep (S (NP people )NP (VP *UNKED )VP )S )VP )VP )S )S )VP . )S  STOP
(S (NP The chair )NP (VP is (NP (NP a way )NP (SBAR (S (VP to (VP package (NP massage )NP )VP )VP )S )SBAR )NP )VP . '' )S  STOP
(S (S (VP *UNKING (PP in (NP (NP one )NP (PP of (NP (NP (NP Mr. *UNKC 's )NP chairs )NP , (SBAR (WHNP which )WHNP (S (VP (VP cost (NP $ *UNKN )NP )VP and (VP have (ADVP since )ADVP (VP been (VP *UNKED (PP by (NP others )NP )PP )VP )VP )VP )VP )S )SBAR , )NP )PP )NP )PP )VP )S (VP is (PP (NP a bit )NP like (S (VP *UNKING (NP a *UNK )NP )VP )S )PP )VP . )S  STOP
(S (NP *UNKC )NP (VP (VP lean (ADVP forward )ADVP )VP , (VP rest (NP their *UNK )NP (PP on (NP side supports )NP )PP )VP and (VP *UNK (NP their face )NP (PP in (NP (NP *UNKING )NP (PP on (NP (NP the back )NP (PP of (NP the chair )NP )PP )NP )PP )NP )PP )VP )VP . )S  STOP
(S -LRB- (NP (NP Ms. *UNKC )NP , (NP the Grand *UNKC *UNK )NP , )NP (VP says (SBAR (S (NP she )NP (VP has (VP heard (S (NP the *UNKING *UNK )NP (VP compared (PP to (NP (NP something )NP (PP out (PP of (NP the Spanish *UNKC )NP )PP )PP )NP )PP )VP )S )VP )VP )S )SBAR )VP . -RRB- )S  STOP
(S (NP (NP Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP (VP serves (PP as (NP (NP president )NP (PP of (NP the *UNKC *UNKC Association )NP )PP )NP )PP )VP and (VP writes (NP an industry newsletter )NP )VP )VP )S )SBAR , )NP (VP says (SBAR (S (NP (NP (QP some 4,000 )QP *UNK )NP (PRN -- (PP out (PP of (NP (NP (QP about 50,000 )QP *UNKED *UNK )NP (PP across (NP the country )NP )PP )NP )PP )PP -- )PRN )NP (ADVP now )ADVP (VP use (NP massage chairs )NP (PP (PP in (NP the *UNK )NP )PP , (CONJP as well as )CONJP (PP on (NP street *UNK )NP )PP , (PP in (NP airports and *UNK )NP )PP , and (PP at (NP (NP *UNK )NP and (NP (NP other *UNK )NP (SBAR (WHADVP where )WHADVP (S (NP *UNK people )NP (VP can (VP be (VP found )VP )VP )VP )S )SBAR )NP )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (NP (NP a *UNK )NP (PP in (NP (NP *UNKC )NP , (NP Colo. )NP , )NP )PP )NP )NP (VP had (NP a *UNK experience )NP (SBAR while (S (VP *UNKING (NP a man )NP (PP in (NP a *UNK- supermarket )NP )PP (PP as (NP (NP part )NP (PP of (NP a store promotion )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Three minutes )NP (PP into (NP the massage )NP )PP )NP , (NP the man )NP (VP (VP *UNKED (ADVP up )ADVP )VP , (VP began (S (VP shaking )VP )S )VP and (VP turned (ADJP red )ADJP )VP )VP . )S  STOP
(S (NP *UNKC )NP (VP were (VP called )VP )VP . )S  STOP
(S (ADVP (NP A week )NP later )ADVP , (NP the man )NP (VP told (NP Mr. *UNKC )NP (SBAR (S (NP he )NP (VP had (VP suffered (NP (NP a mild heart attack )NP (ADJP unrelated (PP to (NP the massage )NP )PP )ADJP )NP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP It )NP (VP was (NP (NP a powerful point )NP (PP in (NP my career )NP )PP )NP )VP )S , '' (VP says )VP (NP (NP the *UNK- Mr. *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP has (ADVP since )ADVP (VP taken (PRT out )PRT (NP (NP a (ADJP (QP $ 1 million )QP )ADJP liability policy )NP (PP for (NP his business )NP )PP )NP )VP )VP )S )SBAR )NP . )SINV  STOP
(S `` (S But (NP he )NP (VP pulled (ADVP through )ADVP )VP )S , and (S (SBAR after (S (NP the *UNK )NP (VP left )VP )S )SBAR , (NP there )NP (VP were (ADVP still )ADVP (NP (NP six people )NP (PP in (NP line )NP )PP (VP waiting (PP for (NP a massage )NP )PP )VP )NP )VP )S . )S  STOP
(S (S (NP The next woman )NP (VP was (ADJP older )ADJP )VP )S , and (S (NP I )NP (VP was (ADJP afraid (S (VP to (VP touch (NP her )NP )VP )VP )S )ADJP )VP )S . )S  STOP
(S But (NP it )NP (VP 's (PP like (S (VP (VP falling (PP off (NP a horse )NP )PP )VP and (VP getting (ADVP back (PP on )PP )ADVP )VP )VP )S )PP )VP . '' )S  STOP
(S (PP Despite (NP (NP the number )NP (PP of (NP (NP fans )NP (SBAR (WHNP that )WHNP (S (NP office massage )NP (VP has (VP won )VP )VP )S )SBAR )NP )PP )NP )PP , (NP some *UNK )NP (VP look (ADVP down (PP on (NP it )NP )PP )ADVP , (S (VP arguing (SBAR that (S (NP *UNKED , *UNK- *UNK )NP (VP are (NP (NP the only way )NP (SBAR (S (VP to (VP go )VP )VP )S )SBAR )NP )VP )S )SBAR )VP )S )VP . )S  STOP
(S (NP (NP Linda *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP does (NP *UNK- work )NP (PP in (NP Pittsburgh )NP )PP )VP )S )SBAR , )NP (VP says (SBAR that (S (SBAR while (S (NP on-site massage )NP (VP is (ADJP (ADJP better )ADJP (PP than (NP nothing )NP )PP )ADJP )VP )S )SBAR , (NP *UNKED workers )NP (VP should (VP realize (SBAR (S (NP it )NP (VP is (NP (NP only the tip )NP (PP of (NP the *UNK )NP )PP )NP )VP )S )SBAR )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP (NP *UNKC areas )NP (PP of (NP their bodies )NP )PP )NP (VP are (VP neglected )VP )VP )S , '' (NP she )NP (VP says , (S (VP adding (SBAR that (S (NP clothes )NP (VP *UNK (NP the experience )NP )VP )S )SBAR )VP )S )VP . )S  STOP
(S `` (NP There )NP (VP 's (NP (NP nothing )NP (PP like (NP (NP skin )NP (PP to (NP skin )NP )PP )NP )PP )NP )VP . )S  STOP
(S (PP In (SBAR (WHNP what )WHNP (S (VP is (VP believed (S (VP to (VP be (NP (NP the first *UNK )NP (PP of (NP (NP a loan )NP (PP to (NP China )NP )PP )NP )PP )NP (PP since (NP (NP the June 4 killings )NP (PP in (NP Beijing )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )PP , (NP an international bank syndicate )NP (VP has (VP terminated (NP (NP a (ADJP (QP $ 55 million )QP )ADJP credit )NP (PP for (NP a Shanghai property project )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP The syndicate )NP , (VP led (PP by (NP *UNKC Asia Ltd. )NP )PP )VP , )NP (VP agreed (NP last November )NP (S (VP to (VP provide (NP the loan )NP (PP to (NP (NP Asia Development Corp. )NP , (NP a U.S. property developer )NP )NP )PP )VP )VP )S )VP . )S  STOP
(S But (ADVP (NP several weeks )NP ago )ADVP , (PP in (NP (NP the wake )NP (PP of (NP the Beijing killings )NP )PP )NP )PP , (NP the loan )NP (VP was (VP canceled , (PP according (PP to (NP (NP bankers and executives )NP (ADJP close (PP to (NP the project )NP )PP )ADJP )NP )PP )PP )VP )VP . )S  STOP
(S (NP (NP Asia Development )NP and (NP *UNKC )NP )NP (VP declined (S (VP to (VP comment (PP on (NP the move )NP )PP )VP )VP )S )VP . )S  STOP
(SINV (S (S (NP *UNKC )NP (VP had (NP (NP doubts )NP (PP about (NP the project )NP )PP )NP (PP even before (NP June 4 )NP )PP )VP )S , but (S (NP (NP the *UNK *UNK )NP , (SBAR (WHNP which )WHNP (S (VP caused (S (NP many businesses )NP (VP to (VP *UNK (NP their China transactions )NP )VP )VP )S )VP )S )SBAR , )NP `` (VP gave (NP the banks )NP (NP (NP the out )NP (SBAR (S (NP they )NP (VP wanted )VP )S )SBAR )NP )VP )S )S , '' (VP says )VP (NP (NP an official )NP (ADJP close (PP to (NP the Shanghai venture )NP )PP )ADJP )NP . )SINV  STOP
(S (NP The decision (S (VP to (VP cancel (NP the loan )NP )VP )VP )S )NP (VP *UNK (NP (NP the tough attitude )NP (SBAR (S (NP bankers )NP (VP have (VP taken (PP toward (NP China )NP )PP (PP since (NP June 4 )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (SBAR While (S (NP some commercial lending )NP (VP has (VP resumed )VP )VP )S )SBAR , (NP international lenders )NP (VP remain (ADJP nervous (PP about (NP (NP (NP China 's )NP (NX (NX economic troubles )NX and (NX (NX foreign debt )NX (PRN -- (NP (NP (QP $ 40 billion )QP )NP (PP at (NP (NP the end )NP (PP of (NP 1988 )NP )PP )NP )PP )NP )PRN )NX )NX )NP )NP )PP )ADJP )VP . )S  STOP
(S (NP (NP Many loans )NP )NP (VP are (VP being (VP *UNKED , (NP (NP especially those )NP (VP tied (PP to (NP (NP the hotel sector )NP , (SBAR (WHNP which )WHNP (S (VP has (VP been (VP hit (ADVP hard )ADVP (PP by (NP a *UNK- 4 tourism slump )NP )PP )VP )VP )VP )S )SBAR )NP )PP )VP )NP )VP )VP )VP . )S  STOP
(S (NP Many bankers )NP (VP view (NP *UNK- loans )NP (PP as (ADJP particularly risky )ADJP )PP )VP . )S  STOP
(S (NP The canceled Shanghai loan )NP (VP leaves (NP (NP Asia Development )NP (PRN , (NP a small concern )NP , )PRN (VP *UNKED (PP with (NP (NP a *UNKED *UNK- apartment building )NP and (NP heavy debts )NP )NP )PP )VP )NP )VP . )S  STOP
(S (S (NP The company )NP (VP (VP owes (NP (QP $ 11 million )QP )NP (PP to (NP (NP the *UNKC On Group )NP , (NP (NP the project 's )NP Hong Kong contractor )NP )NP )PP )VP , and (VP (NP (NP a (ADJP significant , though unspecified , )ADJP amount )NP (PP in (NP legal fees )NP )PP )NP (PP to (NP (NP *UNKC Brothers )NP , (NP a U.S. law firm )NP )NP )PP )VP )VP )S , (NP the sources )NP (VP say )VP . )S  STOP
(S (NP (NP The project )NP , (VP known (PP as (NP Lotus *UNKC )NP )PP )VP , )NP (VP has (VP been (VP *UNKED (PP in (NP controversy )NP )PP )VP )VP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP the loan agreement )NP (VP was (VP announced )VP )VP )S )SBAR , (NP it )NP (VP was (VP hailed (PP as (NP (NP one )NP (PP of (NP (NP the first *UNKC financing transactions )NP (VP (ADVP ever )ADVP used (PP in (NP China )NP )PP )VP )NP )PP )NP )PP )VP )VP . )S  STOP
(S (PP Unlike (NP (NP most loans )NP (PP to (NP China )NP )PP )NP )PP , (NP there )NP (VP was (NP no Chinese *UNK )NP )VP . )S  STOP
(S (ADVP Instead )ADVP , (NP the banks )NP (VP secured (NP (NP a promise )NP (PP from (NP (NP state-owned Bank )NP (PP of (NP Communications )NP )PP )NP )PP (SBAR that (S (NP it )NP (VP would (VP lend (NP Asia Development )NP (NP the entire (QP $ 55 million )QP )NP (PP at (NP maturity )NP )PP (S (VP to (VP finance (NP (NP repayment )NP (PP of (NP the original borrowing )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP The loan )NP (VP was (S (VP to (VP have (VP *UNKED (PP in (NP (QP just two to three )QP years )NP )PP , (ADVP as soon (SBAR as (S (NP construction )NP (VP was (VP completed )VP )VP )S )SBAR )ADVP )VP )VP )VP )S )VP . )S  STOP
(S But (PP in (NP (NP a letter )NP (VP sent (PP in (NP August )NP )PP (PP to (NP Asia Development )NP )PP )VP )NP )PP , (NP *UNKC )NP (VP said (SBAR (S (NP the loan )NP (VP was (VP terminated (SBAR because (S (NP the developer )NP (VP had (VP failed (S (VP to (VP (VP deliver (NP adequate financial data )NP )VP and (VP pay (NP certain fees )NP (PP to (NP the *UNK- committee )NP )PP (PP on (NP time )NP )PP )VP )VP )VP )S )VP )VP )S )SBAR , (PP according (PP to (NP (NP officials )NP (ADJP close (PP to (NP the project )NP )PP )ADJP )NP )PP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP *UNKC )NP (ADJP involved (PP in (NP the project )NP )PP )ADJP )NP (VP contend , (ADVP however )ADVP , (SBAR that (S (NP the *UNK )NP (ADVP actually )ADVP (VP had (NP (NP nothing )NP (SBAR (S (VP to (VP do (PP with (NP these technical violations )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR )VP . )S  STOP
(S (ADVP Instead )ADVP (PRN , (S (NP the creditors )NP (VP say )VP )S , )PRN (NP the loan )NP (VP fell (NP victim )NP (PP (PP to (NP (NP *UNK )NP (PP about (NP (NP China 's )NP political turmoil )NP )PP )NP )PP , (CONJP as well as )CONJP (PP to (NP (NP concern )NP (PP about (NP (NP the loan 's )NP security )NP )PP )NP )PP )PP )VP . )S  STOP
(S (S (NP The bank syndicate )NP (VP is (VP made (PRT up )PRT (PP (ADVP mostly )ADVP of (NP European banks )NP )PP )VP )VP )S , but (S (NP it )NP (VP includes (NP (NP China 's )NP state-owned *UNKC Industrial Bank )NP )VP )S . )S  STOP
(S (NP (NP The 11 banks )NP (PP in (NP the syndicate )NP )PP )NP (VP sustained (NP no monetary losses )NP (SBAR because (S (NP (NP none )NP (PP of (NP the credit facility )NP )PP )NP (VP had (VP been (VP drawn (PRT down )PRT )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP K mart Corp. )NP (VP agreed (S (VP to (VP acquire (NP *UNKC *UNKC *UNKC Inc. )NP (PP for (NP (NP (NP $ 23 )NP (NP a share )NP )NP , or (NP (QP $ *UNKN million )QP )NP , )NP )PP )VP )VP )S (PP in (NP a move (S (VP to (VP expand (NP (NP its presence )NP (PP in (NP the (ADJP rapidly growing )ADJP *UNK- business )NP )PP )NP )VP )VP )S )NP )PP )VP . )S  STOP
(S (NP The proposed merger )NP (VP comes (SBAR as (S (S (NP (NP K mart 's )NP profit )NP (VP is (VP declining )VP )VP )S and (S (NP (NP sales )NP (PP at (NP its core discount stores )NP )PP )NP (VP are (VP rising (ADVP (ADVP more slowly )ADVP (PP than (PP at (NP (NP such competitors )NP (PP as (NP *UNKC Stores Inc )NP )PP )NP )PP )PP )ADVP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (NP (NP K mart )NP , (VP based (PP in (NP (NP *UNKC )NP , (NP Mich. )NP , )NP )PP )VP )NP (ADVP recently )ADVP (VP said (SBAR (S (NP net income )NP (VP would (VP fall (PP for (NP the third consecutive quarter )NP )PP , (PP after (NP (NP a (ADJP 16 % )ADJP drop )NP (PP in (NP (NP the first half )NP (PP of (NP its current fiscal year )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP The membership *UNK- concept )NP (VP has (ADJP great potential )ADJP )VP )S , '' (NP (NP (NP the company 's )NP chairman )NP , (NP Joseph E. *UNKC )NP , )NP (VP said (PP in (NP a statement )NP )PP )VP . )S  STOP
(S (NP *UNKC *UNK )NP (VP (ADVP typically )ADVP carry (NP (NP (NP general merchandise )NP and (NP food products )NP )NP , (SBAR (WHNP which )WHNP (S (NP they )NP (VP sell (PP for (NP close to wholesale prices )NP )PP (PP in (NP *UNK- stores )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP (NP *UNKC )NP (PRN , (S (NP (NP many )NP (WHPP of (WHNP whom )WHNP )WHPP )NP (VP operate (NP small businesses )NP )VP )S , )PRN )NP (VP pay (NP (NP annual membership fees )NP , (SBAR (WHNP which )WHNP (S (VP provide (NP an income base )NP (PP for (NP the stores )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP K mart )NP (VP tested (NP the *UNK- sector )NP (NP last year )NP (PP with (NP (NP its acquisition )NP (PP of (NP (NP a (ADJP 51 % )ADJP interest )NP (PP in (NP *UNKC Inc )NP )PP )NP )PP )NP )PP )VP . )S  STOP
(S But (NP (NP the *UNKC chain )NP , (SBAR (WHNP which )WHNP (S (VP operates (PP as (NP (NP a joint venture )NP (PP between (NP (NP K mart )NP and (NP (NP *UNKC Holdings N.V. )NP (PP of (NP the Netherlands )NP )PP )NP )NP )PP )NP )PP )VP )S )SBAR , )NP (VP has (NP (NP (QP only six )QP stores )NP and (NP (NP annual sales )NP (SBAR (WHNP that )WHNP (S (NP one analyst )NP (VP estimated (PP at (NP (QP about $ 300 million )QP )NP )PP )VP )S )SBAR )NP )NP )VP . )S  STOP
(S (NP (NP *UNKC *UNKC )NP , (VP based (PP in (NP (NP *UNKC )NP , (NP Colo. )NP , )NP )PP )VP )NP (VP operates (NP 41 *UNK- stores )NP )VP . )S  STOP
(S (NP The company )NP (VP had (NP losses )NP (PP for (NP several years )NP )PP (PP before (S (VP turning (ADJP profitable )ADJP (PP in (NP fiscal 1988 )NP )PP )VP )S )PP )VP . )S  STOP
(S (S (PP In (NP (NP the year )NP (VP ended (NP Jan. 31 )NP )VP )NP )PP , (NP *UNKC )NP (VP *UNK (PRT up )PRT (NP (NP profit )NP (PP of (NP (NP (QP $ 9.4 million )QP )NP , or (NP (NP 72 cents )NP (NP a share )NP )NP (PRN , (PP after (NP a tax-loss carry-forward )NP )PP , )PRN (PP on (NP (NP sales )NP (PP of (NP (QP $ 1.3 billion )QP )NP )PP )NP )PP )NP )PP )NP )VP )S , and (S (NP analysts )NP (VP expect (S (NP its results )NP (VP to (VP continue (S (VP to (VP improve )VP )VP )S )VP )VP )S )VP )S . )S  STOP
(SINV `` (S (NP The company )NP (VP turned (NP (NP the corner )NP )NP (ADVP fairly recently )ADVP (PP in (NP profitability )NP )PP )VP )S , '' (VP said )VP (NP (NP *UNKC *UNKC )NP (PP of (NP PaineWebber Inc. )NP )PP , (SBAR (WHNP who )WHNP (S (VP had (VP been (VP forecasting (NP (NP (NP a (ADJP 46 % )ADJP jump )NP (PP in (NP (NP *UNKC 's )NP net income )NP )PP (PP from (NP (NP operations )NP (NP this year )NP )NP )PP )NP and (NP (NP another (ADJP 42 % )ADJP increase )NP (NP next year )NP )NP )NP )VP )VP )VP )S )SBAR )NP . )SINV  STOP
(S `` (NP *UNKC productivity )NP (VP is (VP (ADVP really )ADVP beginning (S (VP to (VP take (PRT off )PRT )VP )VP )S )VP )VP . '' )S  STOP
(S But (NP some analysts )NP (VP contend (SBAR (S (NP K mart )NP (VP has (VP agreed (S (VP to (VP pay (NP too much )NP (PP for (NP Pace )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (SBAR Even if (S (NP you )NP (VP look (PP at (NP it )NP )PP (PP as (NP a turnaround situation )NP )PP )VP )S )SBAR , (NP it )NP (VP 's (ADJP expensive )ADJP )VP )S , '' (VP said )VP (NP (NP Wayne *UNKC )NP (PP of (NP Prudential-Bache Securities Inc )NP )PP )NP . )SINV  STOP
(S `` (PP In (NP my opinion )NP )PP , (NP you )NP (VP would (ADVP only )ADVP (VP pay (NP (NP that kind )NP (PP of (NP price )NP )PP )NP (SBAR if (S (NP you )NP (VP were (VP getting (NP (NP a premier player )NP (PP in (NP the industry )NP )PP )NP )VP )VP )S )SBAR )VP )VP . '' )S  STOP
(S (NP (NP Ms. *UNKC )NP (PP of (NP PaineWebber )NP )PP )NP (VP raised (NP (NP a more fundamental question )NP (PP about (NP the deal )NP )PP )NP )VP . )S  STOP
(SBARQ `` (SBAR If (S (NP K mart )NP (VP ca n't (VP get (NP its act )NP (PRT together )PRT (PP in (NP discounting )NP )PP )VP )VP )S )SBAR , (WHADVP why )WHADVP (SQ is (NP it )NP (VP spending (NP (NP time )NP (SBAR (S (VP worrying (PP about (NP other growing markets )NP )PP )VP )S )SBAR )NP )VP )SQ ? '' )SBARQ  STOP
(S (NP She )NP (VP said , (S `` (NP I )NP (VP would (VP say (SBAR (S (NP (NP K mart 's )NP number one job )NP (VP is (S (VP to (VP (VP address (NP (NP its *UNK- loss )NP -LCB- (PP in (NP discount stores )NP )PP -RCB- )NP )VP , (SBAR (WHNP which )WHNP (S (ADJP longer-term )ADJP (VP will (VP lead (PP to (NP improved profit margins )NP )PP )VP )VP )S )SBAR )VP )VP )S )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (PP At (NP that point )NP )PP , (ADVP perhaps )ADVP (NP diversification )NP (VP would (VP be (ADJP appropriate )ADJP )VP )VP . '' )S  STOP
(S But (NP (NP K mart 's )NP Mr. *UNKC )NP (VP is (ADJP intent (PP on (S (VP pushing (NP the company )NP (PP into (NP new retail businesses )NP )PP )VP )S )PP )ADJP )VP . )S  STOP
(S (PP For (NP instance )NP )PP , (NP K mart )NP (VP is (VP opening (NP (NP (NP big food and general merchandise stores )NP , (VP called (S (NP *UNK )NP )S )VP , )NP and (NP (NP *UNK- stores )NP (VP specializing (PP in (NP (NP office products )NP and (NP *UNKING goods )NP )NP )PP )VP )NP )NP )VP )VP . )S  STOP
(S (NP It )NP (ADVP also )ADVP (VP operates (NP (NP *UNKC )NP , (NP *UNKC *UNKC Drug Stores )NP and (NP *UNKC Square home improvement stores )NP )NP )VP . )S  STOP
(S (PP In (NP (NP composite trading )NP (PP on (NP the New York Stock Exchange )NP )PP )NP )PP , (NP K mart )NP (VP closed (NP yesterday )NP (PP at (NP (NP $ 36 )NP (NP a share )NP )NP )PP , (ADVP up (NP 12.5 cents )NP )ADVP )VP . )S  STOP
(S (NP Pace )NP (VP rose (NP $ *UNKN )NP (S (VP to (VP close (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP (PP in (NP national over-the-counter trading )NP )PP )VP )VP )S )VP . )S  STOP
(S (NP A K mart spokesman )NP (VP said (SBAR (S (NP the acquisition )NP (VP would (VP be (VP financed (PP with (NP short-term borrowings )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Under (NP (NP terms )NP (PP of (NP the agreement )NP )PP )NP )PP , (NP a K mart subsidiary )NP (VP will (ADVP soon )ADVP (VP make (NP (NP a tender offer )NP (PP for (NP Pace shares )NP )PP )NP )VP )VP . )S  STOP
(SINV (PP Among (NP (NP the conditions )NP (PP of (NP the offer )NP )PP )NP )PP (VP is )VP (SBAR that (S (NP Pace shareholders )NP (VP tender (NP (NP a majority )NP (PP of (NP (NP (NP the company 's )NP shares )NP (ADJP outstanding )ADJP )NP )PP )NP )VP )S )SBAR . )SINV  STOP
(S (NP The companies )NP (VP said (SBAR (S (NP Pace )NP (VP would (VP (ADVP ill )ADVP continue (S (VP to (VP operate (PP under (NP its present management )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP G. William *UNKC )NP , (NP (NP president )NP (PP of (NP *UNKC *UNKC )NP )PP )NP , )NP (VP was (VP named (S (NP (NP chief executive officer )NP (PP of (NP (NP the unit )NP (PP of (NP this media company )NP )PP )NP )PP )NP )S , (ADJP effective (NP Jan. 1 )NP )ADJP )VP )VP . )S  STOP
(S (S (NP He )NP (VP will (VP succeed (NP (NP Joel *UNKC )NP , (SBAR (WHNP who )WHNP (S (VP will (VP (VP remain (NP (NP a vice president )NP (PP of (NP the company )NP )PP )NP )VP and (VP continue (S (VP to (VP represent (NP *UNKC stations )NP (PP in (NP several industry organizations )NP )PP )VP )VP )S )VP )VP )VP )S )SBAR )NP )VP )VP )S , (NP the company )NP (VP said )VP . )S  STOP
(X (ADVP literally . )ADVP )X  STOP
(S (NP (NP Traders )NP (VP (ADVP *UNKLY )ADVP watching (NP their Quotron *UNK- machines )NP (NP yesterday morning )NP )VP )NP (VP were (ADJP stunned (S (VP to (VP see (S (NP the Dow Jones Industrial Average )NP (VP *UNK (NP 99 points )NP (PP in (NP seconds )NP )PP )VP )S )VP )VP )S )ADJP )VP . )S  STOP
(S (ADVP (NP A minute )NP later )ADVP (NP it )NP (VP (VP soared (NP *UNKN points )NP )VP , (ADVP then )ADVP (VP *UNKED (ADVP back down (NP (NP *UNKN points )NP , (NP (NP 69 )NP (PP below (NP (NP Friday 's )NP close )NP )PP )NP )NP )ADVP )VP )VP . )S  STOP
(SINV `` (S (NP It )NP (VP was (ADJP crazy )ADJP )VP )S , '' (VP said )VP (NP (NP Neil *UNKC )NP , (NP (NP general partner )NP (PP of (NP *UNKC Capital Corp )NP )PP )NP )NP . )SINV  STOP
(S `` (NP It )NP (VP was (PP like (S (VP flying (PP without (NP (NP a pilot )NP (PP in (NP (NP the front )NP (PP of (NP the plane )NP )PP )NP )PP )NP )PP )VP )S )PP )VP . '' )S  STOP
(S But (NP (NP those )NP (SBAR (WHNP who )WHNP (S (VP said (S `` (NP This )NP (VP ca n't (VP be (VP happening )VP )VP )VP '' )S )VP )S )SBAR )NP (VP were (ADJP right )ADJP )VP . )S  STOP
(S (NP The *UNKC )NP (VP were (ADJP wrong )ADJP )VP . )S  STOP
(S (NP (NP Quotron Systems Inc. )NP , (NP a Citicorp unit )NP , )NP (VP blamed (NP the *UNK- *UNK- )NP (PP on (NP (NP `` (NP a timing problem )NP (PP in (NP our software )NP )PP '' )NP (VP caused (PP by (NP (NP the enormous early volume )NP -- (NP (QP about 145 million )QP shares )NP )NP )PP (PP in (NP (NP the first hour )NP (PP of (NP New York Stock Exchange trading )NP )PP )NP )PP )VP )NP )PP )VP . )S  STOP
(S (S (NP (NP The prices )NP (PP of (NP (NP the individual stocks )NP (SBAR (WHNP that )WHNP (S (VP make (PRT up )PRT (NP the average )NP )VP )S )SBAR )NP )PP )NP (VP were (ADJP correct )ADJP )VP )S (PRN , (S (NP Quotron )NP (VP said )VP )S , )PRN but (S (NP the average )NP (VP was (ADJP wrong )ADJP )VP )S . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP there )NP (VP was (NP (NP an awful lot )NP (PP of (NP confusion )NP )PP )NP )VP . )S  STOP
(S (PP At (NP about *UNKN a.m. )NP )PP (PP on (NP (NP the over-the-counter trading desk )NP (PP at (NP a major brokerage firm )NP )PP )NP )PP , (NP (NP a veteran trader )NP (SBAR (WHNP who )WHNP (S (VP buys and sells (NP (NP some )NP (PP of (NP the (ADJP most active )ADJP stocks )NP )PP )NP )VP )S )SBAR )NP (VP (VP looked (PP at (NP a senior official )NP )PP )VP and (VP asked , (SBARQ `` (WHNP What )WHNP (SQ 's (VP going (PRT on )PRT )VP )SQ )SBARQ )VP )VP ? )S  STOP
(SQ Is (NP the market )NP (ADVP up or down )ADVP ? '' )SQ  STOP
(S (PP At (NP the time )NP )PP , (NP Quotron )NP (VP was (VP reporting (SBAR that (S (NP the industrial average )NP (VP was (ADVP down (NP 70 points )NP )ADVP )VP )S )SBAR )VP )VP . )S  STOP
(S (PP In (NP fact )NP )PP , (NP it )NP (VP was (ADVP up (NP 24 )NP )ADVP )VP . )S  STOP
(S (NP (NP *UNKLY *UNKC )NP , (NP (NP a vice president )NP (SBAR (WHNP who )WHNP (S (VP heads (NP (NP the trading desk )NP (PP at (NP Dillon Read Capital Corp. )NP )PP )NP )VP )S )SBAR )NP , )NP (VP said (SBAR that (S (SBAR once (S (NP she )NP (VP figured (PRT out )PRT (SBAR (S (NP the Quotron numbers )NP (VP were (ADJP wrong )ADJP )VP )S )SBAR )VP )S )SBAR , (NP she )NP (VP called (NP brokers )NP (S (VP to (VP tell (NP them )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP It )NP (VP 's (VP been (ADJP (ADVP kind of )ADVP *UNKING )ADJP , (S (VP to (VP say (NP the least )NP )VP )VP )S )VP )VP )S , '' (NP she )NP (VP said )VP . )S  STOP
(S (S (S (VP To (VP *UNK (NP matters )NP further )VP )VP )S , (SBAR (WHADVP when )WHADVP (S (NP UAL Corp. stock )NP (ADVP finally )ADVP (VP opened (PP on (NP the New York Stock Exchange )NP )PP (PP at (NP *UNKN a.m. )NP )PP )VP )S )SBAR , (NP the price )NP (VP was (VP listed (PP at (NP (NP $ *UNKN )NP (NP a share )NP )NP )PP , (ADVP up (NP (QP about $ 45 )QP )NP (PP from (NP Friday )NP )PP )ADVP )VP )VP )S ; (S (PP in (NP fact )NP )PP , (NP its true price )NP (VP was (NP $ *UNKN )NP , (ADVP down (NP $ 55 )NP )ADVP )VP )S . )S  STOP
(S (NP That )NP (VP was (NP (NP the New York Stock Exchange 's )NP *UNK )NP )VP . )S  STOP
(S (NP A spokesman )NP (VP (VP cited (NP a `` technical error '' )NP )VP and (VP declined (S (VP to (VP elaborate )VP )VP )S )VP )VP . )S  STOP
(S And (NP there )NP (VP were (NP other *UNK )NP )VP . )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP the market )NP (VP opened (PP at (NP *UNKN a.m. EST )NP )PP )VP )S )SBAR , (NP (NP a reporter )NP (PP for (NP the *UNKC *UNK )NP )PP )NP (VP *UNKED (NP (NP the industrial average 's )NP drop )NP (PP as (NP a (ADJP 4 % )ADJP decline )NP )PP (SBAR (WHADVP when )WHADVP (S (NP it )NP (ADVP really )ADVP (VP was (ADVP down (NP 0.7 % )NP )ADVP )VP )S )SBAR )VP . )S  STOP
(S `` (S (NP It )NP (VP was (NP (NP a case )NP (PP of (NP human error )NP )PP , (SBAR (WHNP which )WHNP (S (NP we )NP (VP (VP found (ADVP almost immediately )ADVP )VP and (VP corrected )VP )VP )S )SBAR )NP )VP )S , '' (NP (NP a spokesman )NP (PP for (NP *UNKC )NP )PP (PP in (NP New York )NP )PP )NP (VP said )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP some currency traders )NP (PP at (NP (NP (ADJP West German )ADJP banks )NP (PP in (NP Frankfurt )NP )PP )NP )PP )NP (VP said (SBAR (S (NP they )NP (VP (VP sold (NP dollars )NP (PP on (NP the news )NP )PP )VP and (VP had (S (VP to (VP buy (NP them )NP (ADVP back )ADVP (ADVP later )ADVP (PP at (NP higher prices )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP it )NP (VP was (NP the Quotron problems )NP (SBAR (WHNP that )WHNP (S (VP had (NP *UNKING effects )NP )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Dillon Read 's )NP Ms. *UNKC )NP (VP said (PP in (NP early afternoon )NP )PP (SBAR that (S (NP she )NP (VP was (ADVP still )ADVP (VP *UNKING (NP (NP prices )NP and (NP other data )NP )NP (PP as (ADJP subject (PP to (NP *UNK )NP )PP )ADJP )PP )VP )VP )S )SBAR )VP )S , and (S (NP she )NP (VP said (SBAR (S (NP portfolio managers )NP (VP continued (S (VP to (VP question (NP (NP the numbers )NP (SBAR (S (NP they )NP (VP saw (PP on (NP the screen )NP )PP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )VP )S . )S  STOP
(S (NP It )NP (VP was (NP (NP the second time )NP )NP (PP in (ADJP (ADJP less )ADJP (PP than (NP a week )NP )PP )ADJP )PP (SBAR (WHADVP that )WHADVP (S (NP Quotron )NP (VP has (VP had (NP (NP problems )NP (S (VP *UNKING (NP the industrial average )NP )VP )S )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP At (NP (NP the start )NP (PP of (NP trading )NP )PP (NP last Wednesday )NP )NP )PP , (NP the average )NP (VP appeared (S (VP to (VP plunge (NP (QP more than 200 )QP points )NP )VP )VP )S )VP . )S  STOP
(S (ADVP Actually )ADVP , (NP it )NP (VP was (ADVP down (NP (NP only a few points )NP (PP at (NP the time )NP )PP )NP )ADVP )VP . )S  STOP
(S (NP Quotron )NP (VP said (SBAR (S (NP (NP that *UNK )NP , (SBAR (WHNP which )WHNP (S (VP lasted (NP nine minutes )NP )VP )S )SBAR , )NP (VP resulted (PP from (NP a failure (S (VP to (VP adjust (PP for (NP (NP a *UNKN stock split )NP (PP at (NP Philip Morris *UNKC )NP )PP )NP )PP )VP )VP )S )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP A Quotron spokeswoman )NP (VP said (SBAR (S (NP recent software changes )NP (VP may (VP have (VP contributed (PP to (NP (NP yesterday 's )NP problems )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP She )NP (VP said (SBAR (S (NP Quotron )NP (VP switched (PP to (NP a backup system )NP )PP (SBAR until (S (NP the problems )NP (VP were (VP corrected )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S `` (FRAG (NP (NP Today )NP (PP of (NP all days )NP )PP )NP )FRAG , '' (NP she )NP (VP *UNKED )VP . )S  STOP
(S `` (NP (NP The eyes )NP (PP of (NP the world )NP )PP )NP (VP were (VP watching (NP us )NP )VP )VP . )S  STOP
(S (NP Steven F. *UNKC )NP (VP was (VP named (S (NP (NP a senior vice president )NP (PP of (NP this graphics equipment company )NP )PP )NP )S )VP )VP . )S  STOP
(S (NP He )NP (VP retains (NP (NP his current positions )NP (PP as (NP (NP (NP chief strategic officer )NP (PP of (NP AM International )NP )PP )NP and (NP (NP president )NP (PP of (NP AM Ventures )NP )PP )NP )NP )PP )NP )VP . )S  STOP
(S (NP (NP Houston attorney Dale *UNKC )NP , (VP representing (NP a *UNK )NP (PP in (NP a damage suit )NP )PP )VP , )NP (VP says (SBAR (S (NP he )NP (VP has (VP negotiated (NP (NP a settlement )NP (SBAR (WHNP that )WHNP (S (VP will (VP strike (NP a blow )NP (PP for (NP his client )NP )PP )VP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(ADVP *UNKLY . )ADVP  STOP
(S (NP It )NP (VP turns (PRT out )PRT (SBAR (S (NP (NP (NP Mr. *UNKC 's )NP client )NP , (NP (NP *UNKC Parks )NP (PP of (NP Cincinnati )NP )PP )NP , )NP (VP did n't (VP like (NP (NP the way )NP (SBAR (S (NP defense attorney Tom Alexander )NP (VP acted (PP during (NP the legal proceedings )NP )PP )VP )S )SBAR )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP So )ADVP (NP she )NP (VP has (VP agreed (S (VP to (VP *UNK (NP (NP monetary damages )NP (PP against (NP (NP Mr. Alexander 's )NP client )NP )PP )NP (PP in (NP (NP return )NP (PP for (NP the right (S (VP to (VP *UNK (NP the attorney )NP )VP )VP )S )NP )PP )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP Ms. Parks 's )NP mother )NP (ADVP also )ADVP (VP gets (S (VP to (VP *UNK (NP Mr. Alexander )NP )VP )VP )S )VP . )S  STOP
(SINV (ADVP So )ADVP (VP does )VP (NP (NP Mr. *UNKC )NP and (NP (NP his law partner )NP , (NP *UNKC *UNKC )NP )NP )NP . )SINV  STOP
(S (NP The *UNK arrangement )NP (VP grows (PP out (PP of (NP (NP (NP Mr. Alexander 's )NP representation )NP (PP of (NP (NP *UNKC Construction Co. )NP , (NP (NP one )NP (PP of (NP (NP several defendants )NP (PP in (NP (NP a *UNK death lawsuit )NP (VP brought (PP by (NP (NP Ms. Parks )NP , (NP (NP the widow )NP (PP of (NP (NP a construction worker )NP (VP killed (PP in (NP January 1987 )NP )PP (SBAR while (S (VP working (PP on (NP a new Houston convention center )NP )PP )VP )S )SBAR )VP )NP )PP )NP )NP )PP )VP )NP )PP )NP )PP )NP )NP )PP )NP )PP )PP )VP . )S  STOP
(S (NP Last month )NP (PRN , (S (NP Mr. *UNKC )NP (VP says )VP )S , )PRN (NP (NP Mr. Alexander 's )NP associate )NP (VP agreed (SBAR that (S (NP *UNKC )NP (VP would (VP pay (NP $ 50,000 )NP (PP as (NP (NP part )NP (PP of (NP an overall settlement )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S But (NP Mr. Alexander )NP (VP *UNKED (NP the deal )NP (PP at (NP the last minute )NP )PP , (S (VP *UNKING (NP (NP the *UNK 's )NP side )NP )VP )S )VP . )S  STOP
(S `` (S (NP I )NP (ADVP never )ADVP (VP agreed (PP to (NP it )NP )PP )VP )S , '' (NP Mr. Alexander )NP (VP says , (S (VP adding (SBAR that (S `` (NP (NP it )NP )NP (VP 's not (ADJP necessary )ADJP (S (VP to (VP pay (NP these *UNK settlements )NP )VP )VP )S )VP )S )SBAR )VP )S )VP . '' )S  STOP
(S (SBAR (WHADVP When )WHADVP (S (NP (NP Ms. Parks )NP and (NP her mother )NP )NP (VP heard (PP about (SBAR (WHNP what )WHNP (S (VP had (VP happened )VP )VP )S )SBAR )PP )VP )S )SBAR (PRN , (S (NP Mr. *UNKC )NP (VP says )VP )S , )PRN (NP they )NP (VP *UNKED (SBAR that (S (NP they )NP (VP would (VP like (S (VP to (VP give (NP Mr. Alexander )NP (NP a good *UNKING )NP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Friend )NP (VP says (SBAR (S (S (NP he )NP (VP passed (NP that )NP (PRT along )PRT (PP to (NP his adversary )NP )PP )VP )S , and (S (ADVP soon )ADVP (NP they )NP (VP were (VP talking (PP about (NP (NP the ground rules )NP (SBAR (WHPP under (WHNP which )WHNP )WHPP (S (S (NP *UNKC )NP (VP could (VP keep (NP its money )NP )VP )VP )S and (S (NP the plaintiffs )NP (VP could (VP take (NP (NP a shot )NP (PP at (NP Mr. Alexander )NP )PP )NP )VP )VP )S )S )SBAR )NP )PP )VP )VP )S )S )SBAR )VP . )S  STOP
(S (SBAR Although (S (NP time and place )NP (VP have (ADVP yet )ADVP (S (VP to (VP be (VP determined )VP )VP )VP )S )VP )S )SBAR , (NP some details )NP (VP are (PP in (NP place )NP )PP )VP . )S  STOP
(S (NP Mr. Friend )NP (VP says (SBAR (S (NP he )NP (VP agreed (S (VP to (VP strike (NP Mr. Alexander )NP (PP above (NP the *UNK )NP )PP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (S (NP (NP Ms. Parks )NP and (NP her mother )NP )NP (VP indicated (SBAR (S (NP they )NP (VP want (S (VP to `` (VP catch (NP (NP him )NP (ADVP *UNK )ADVP )NP (PP from (NP behind )NP )PP )VP )VP )S )VP )S )SBAR )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP Mr. Alexander )NP , (PP for (NP his part )NP )PP , (VP insisted (SBAR that (S (NP the *UNK )NP (VP (VP ca n't (VP *UNK (NP their *UNKING rights )NP (PP to (NP anyone else )NP )PP )VP )VP , (VP ca n't (VP use (NP a *UNK instrument )NP )VP )VP and (VP ca n't (VP take (NP a running start )NP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Mr. Alexander )NP (VP says (SBAR (S (NP he )NP (VP *UNK (NP (NP the agreement )NP , (SBAR (WHNP which )WHNP (S (VP has n't (VP been (VP submitted (PP to (NP a judge )NP )PP )VP )VP )VP )S )SBAR , )NP (PP as (NP (NP something )NP (PP of (NP a joke )NP )PP )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (ADVP However )ADVP , (NP he )NP (VP acknowledges (SBAR (S (NP they )NP `` (VP have (NP (NP the option )NP (PP of (S (VP taking (NP (NP a *UNK )NP (PP at (NP me )NP )PP )NP )VP )S )PP )NP (SBAR if (S (NP they )NP (ADVP really )ADVP (VP want (VP to )VP )VP )S )SBAR )VP )S )SBAR )VP . '' )S  STOP
(S (NP Mr. Friend )NP (VP says (SBAR (S (NP his side )NP (VP is (ADJP `` dead serious )ADJP )VP )S )SBAR )VP . '' )S  STOP
(S (SBAR Although (S (NP they )NP (VP do n't (VP *UNK (S (VP delivering (NP any *UNKING *UNK )NP )VP )S )VP )VP )S )SBAR , (NP he )NP (VP says (SBAR that (S (NP Mr. Alexander )NP (VP will (VP be (VP asked (S (VP to (VP sign (NP (NP a release )NP (PP from (NP liability )NP )PP )NP , (ADVP just (PP in (NP case )NP )PP )ADVP )VP )VP )S )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP After (NP (NP two years )NP (PP of (NP drought )NP )PP )NP )PP , (NP it )NP (VP *UNKED (NP money )NP (PP in (NP the stock-index futures markets )NP )PP (NP yesterday )NP )VP . )S  STOP
(S (SBAR As (S (NP financial markets )NP (VP rebounded )VP )S )SBAR , (NP (NP trading volume )NP (PP in (NP (NP the Chicago Mercantile Exchange 's )NP huge Standard & Poor 's 500 stock-index futures pit )NP )PP )NP (VP soared , (S (VP reaching (NP *UNK- levels )NP (PP for (NP (NP the first time )NP (PP since (NP (NP October )NP (NP 1987 )NP )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (S (NP (NP The sudden *UNK )NP (PP of (NP liquidity )NP )PP )NP (VP enabled (S (NP several traders )NP (VP to (VP *UNK (NP *UNK- *UNK )NP (PP in (NP (NP a matter )NP (PP of (NP minutes )NP )PP )NP )PP (SBAR as (S (NP prices )NP (VP soared )VP )S )SBAR )VP )VP )S )VP )S , (NP traders )NP (VP said )VP . )S  STOP
(SINV `` (S (NP *UNKC )NP (VP were (VP *UNKING (NP money )NP (PP in (NP there )NP )PP (NP today )NP )VP )VP )S , '' (VP said )VP (NP (NP John *UNKC )NP , (NP (NP a futures broker )NP (PP for (NP (NP *UNKC Futures Inc. )NP (PP in (NP Chicago )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP The S&P 500 futures contract )NP , (SBAR (WHNP which )WHNP (S (VP moves (PP in (NP (NP *UNK )NP (PP of (NP an index point )NP )PP )NP )PP (PP under (NP normal conditions )NP )PP )VP )S )SBAR , )NP (VP (VP jumped (NP (QP two to three )QP points )NP (PP in (NP seconds )NP )PP (NP early yesterday )NP (PP after (NP an initial downturn )NP )PP )VP , (VP (ADVP then )ADVP moved (ADVP strongly higher )ADVP (NP (NP the rest )NP (PP of (NP the day )NP )PP )NP )VP )VP . )S  STOP
(S (NP Each index point )NP (VP represents (NP (NP a (ADJP $ 500 )ADJP profit )NP (PP for (NP (NP each S&P 500 contract )NP (VP held )VP )NP )PP )NP )VP . )S  STOP
(S (PP For (NP (NP the first time )NP (PP since (NP the 1987 crash )NP )PP )NP )PP , (NP traders )NP (VP said (SBAR that (S (NP they )NP (VP were (ADJP able (S (VP to (VP trade (NP (NP several hundred S&P 500 contracts )NP (PP at (NP a time )NP )PP )NP (PP in (NP a (ADJP highly liquid )ADJP market )NP )PP )VP )VP )S )ADJP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Many institutions )NP and (NP individual investors )NP )NP (VP have (VP *UNKED (ADVP away (PP from (NP stock-index futures )NP )PP )ADVP , (S (VP *UNKING (NP them )NP (PP for (S (VP speeding (NP (NP the stock market crash )NP (PP on (NP Black Monday )NP )PP (ADVP (NP two years )NP ago )ADVP )NP )VP )S )PP )VP )S )VP )VP . )S  STOP
(S (PP Since (NP the crash )NP )PP , (NP many futures traders )NP (VP have n't (VP assumed (NP large positions )NP (PP for (NP fear (SBAR that (S (NP the S&P 500 market )NP , (PP with (NP (NP much )NP (PP of (NP its customer order flow )NP )PP (VP missing )VP )NP )PP , (VP would (VP dry (ADVP up )ADVP (SBAR if (S (NP prices )NP (VP turned (PP against (NP them )NP )PP )VP )S )SBAR )VP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (QP More than 400 )QP traders )NP (VP *UNKED (NP the S&P 500 futures pit )NP (S (VP to (VP *UNK (NP the opening bell )NP )VP )VP )S )VP . )S  STOP
(S (NP Traders )NP (VP were (VP shouting (NP bids and offers )NP (NP (NP a full five minutes )NP (PP before (NP (NP the start )NP (PP of (NP (NP trading )NP (PP at (NP *UNKN am )NP )PP )NP )PP )NP )PP )NP )VP )VP )S  STOP
(S (NP The contract )NP (VP fell (NP (NP five points )NP )NP (PP at (NP the open )NP )PP (PP to (NP *UNKN )NP )PP , (NP (NP the maximum opening move )NP (VP allowed (PP under (NP (NP *UNK )NP (VP adopted (PP by (NP the Merc )NP )PP (S (VP to (VP stem (NP a market slide )NP )VP )VP )S )VP )NP )PP )VP )NP )VP . )S  STOP
(S But (NP several traders )NP (VP (ADVP quickly )ADVP (VP stepped (ADVP up )ADVP )VP and (VP bid (PP for (NP contracts )NP )PP )VP , (S (VP driving (NP prices )NP (ADVP sharply higher )ADVP )VP )S )VP . )S  STOP
(S (NP The market )NP (VP (VP *UNKED (PP near (NP (NP (NP Friday 's )NP closing price )NP (PP of (NP *UNKN )NP )PP )NP )PP (PP for (NP about a half hour )NP )PP , (S (VP moving (ADVP (NP several index points )NP higher or lower )ADVP (PP in (NP seconds )NP )PP )VP )S , )VP (VP (VP (ADVP then )ADVP broke (ADVP higher )ADVP )VP and (VP did n't (VP look (ADVP back )ADVP )VP )VP )VP )VP . )S  STOP
(S (NP (NP The S&P 500 contract )NP (SBAR (WHNP that )WHNP (S (VP expires (PP in (NP December )NP )PP )VP )S )SBAR )NP (VP closed (ADVP up (NP a record *UNKN points )NP )ADVP (PP on (NP (NP volume )NP (PP of (NP (QP nearly 80,000 )QP contracts )NP )PP )NP )PP )VP . )S  STOP
(SINV `` (S (NP (NP Traders )NP (ADVP (NP five feet )NP (PP from (NP each other )NP )PP )ADVP )NP (VP were (VP making (NP (NP bids and offers )NP (SBAR (WHNP that )WHNP (S (VP were (NP a full point apart )NP )VP )S )SBAR )NP )VP )VP )S , '' (VP said )VP (NP one S&P 500 broker )NP . )SINV  STOP
(S `` (S (NP You )NP (VP could (VP (VP (VP buy (PP at (NP the bid )NP )PP )VP and (VP sell (PP at (NP the offer )NP )PP )VP )VP and (VP make (NP a fortune )NP )VP )VP )VP )S , '' (NP he )NP (VP *UNKED )VP . )S  STOP
(S (S (NP (NP Several )NP (PP of (NP (NP Wall Street 's )NP largest securities firms )NP )PP , (PP including (NP (NP Salomon Brothers Inc. )NP and (NP PaineWebber Inc. )NP )NP )PP , )NP (VP were (ADVP also )ADVP (NP large buyers )NP )VP )S , (NP traders )NP (VP said )VP . )S  STOP
(S (S (NP Salomon Brothers )NP (VP was (PP among (NP (NP the largest sellers )NP (PP of (NP stock-index futures )NP )PP )NP )PP (NP last week )NP )VP )S , (NP traders )NP (VP said )VP . )S  STOP
(S (NP *UNKC firms )NP (PP as (NP a rule )NP )PP (VP do n't (VP comment (PP on (NP their market activity )NP )PP )VP )VP . )S  STOP
(S (PP Unlike (NP (NP the week )NP (VP following (NP Black Monday )NP )VP (ADVP (NP two years )NP ago )ADVP )NP )PP , (NP (NP individual traders )NP (PP in (NP the S&P 500 pit )NP )PP )NP (VP were (ADVP also )ADVP (VP being (ADJP *UNKLY *UNK (PP about (NP their one-day profits )NP )PP )ADJP )VP )VP . )S  STOP
(SINV `` (S (PP With (NP (NP the FBI )NP (PP around (ADVP here )ADVP )PP )NP )PP , (NP *UNKING rights )NP (VP are (NP (NP a thing )NP (PP of (NP the past )NP )PP )NP )VP )S , '' (VP said )VP (NP one trader )NP , (S (VP referring (PP to (NP (NP the federal investigation )NP (PP of (NP futures trading )NP )PP (SBAR (WHNP that )WHNP (S (ADVP so far )ADVP (VP has (VP resulted (PP in (NP (NP 46 *UNK )NP (VP *UNKED (PP against (NP (NP individuals )NP (PP on (NP (NP the Merc )NP and (NP (NP the Chicago Board )NP (PP of (NP Trade )NP )PP )NP )NP )PP )NP )PP )VP )NP )PP )VP )VP )S )SBAR )NP )PP )VP )S . )SINV  STOP
(S (NP (NP The market )NP (PP for (NP (NP (QP $ 200 billion )QP )NP (PP of (NP high-yield junk bonds )NP )PP )NP )PP )NP (VP regained (NP (NP some )NP (PP of (NP its footing )NP )PP )NP (SBAR as (S (NP the Dow Jones Industrial Average )NP (VP rebounded (PP from (NP (NP Friday 's )NP plunge )NP )PP )VP )S )SBAR )VP . )S  STOP
(S But (NP (NP the junk recovery )NP , (VP led (PP by (NP the bellwether RJR Holdings bonds )NP )PP )VP , )NP (VP was (ADJP *UNK )ADJP )VP . )S  STOP
(S (S (NP (NP No trading )NP )NP (VP existed (PP for (NP (NP the vast majority )NP (PP of (NP junk bonds )NP )PP )NP )PP )VP )S , (NP securities industry officials )NP (VP said )VP . )S  STOP
(S (PP On (NP Friday )NP )PP , (NP (NP trading )NP (PP in (NP practically every issue )NP )PP )NP (VP ground (PP to (NP a halt )NP )PP (SBAR as (S (S (NP potential buyers )NP (VP fled )VP )S and (S (NP brokerage firms )NP (VP were (ADJP unwilling (S (VP to (VP provide (NP (NP bid and offer prices )NP (PP for (NP most issues )NP )PP )NP )VP )VP )S )ADJP )VP )S )S )SBAR )VP . )S  STOP
(SINV `` (S (S (NP Nothing )NP (VP traded (PP on (NP Friday )NP )PP )VP )S , and (S (NP people )NP (VP were n't (ADJP really sure (SBAR (WHADVP where )WHADVP (S (NP the market )NP (VP should (VP have (VP opened '' (NP yesterday )NP )VP )VP )VP )S )SBAR )ADJP )VP )S )S , (VP said )VP (NP (NP Raymond *UNKC )NP , (NP (NP *UNK- )NP (PP of (NP merchant banking )NP )PP (PP at (NP Merrill Lynch & Co )NP )PP )NP )NP . )SINV  STOP
(S `` But (NP we )NP (VP had (NP a (ADJP fairly active )ADJP day )NP (NP yesterday )NP )VP . '' )S  STOP
(SINV (S (PP At (NP (NP Drexel Burnham Lambert Inc. )NP , (NP (NP the leading underwriter )NP (PP of (NP junk bonds )NP )PP )NP )NP )PP , `` (NP I )NP (VP was (ADJP prepared (S (VP to (VP be (PP in (NP a (ADJP very bad )ADJP mood )NP )PP (NP tonight )NP )VP )VP )S )ADJP )VP )S , '' (VP said )VP (NP (NP David *UNKC )NP , (NP a junk bond trader )NP )NP . )SINV  STOP
(S `` (ADVP Now )ADVP , (NP I )NP (VP feel (SBAR (S (ADVP maybe )ADVP (NP there )NP (VP 's (NP (NP a little bit )NP (PP of (NP *UNK )NP )PP )NP )VP )S )SBAR )VP . '' )S  STOP
(S But (SBAR before (S (NP the stock market )NP (VP rebounded (PP from (NP a sharp early sell-off )NP )PP (NP yesterday )NP )VP )S )SBAR (PRN , (S (NP he )NP (VP said )VP )S , )PRN `` (S (NP You )NP (VP could n't (VP buy -LCB- (NP junk bonds )NP -RCB- )VP )VP )S and (S (NP you )NP (VP could n't (VP give (NP them )NP (PRT away )PRT )VP )VP )S . '' )S  STOP
(S (NP (NP Yesterday 's )NP rally )NP (VP was (VP led (PP by (NP (NP RJR Holdings (ADJP (QP 13 3\/4 )QP % )ADJP bonds )NP , (SBAR (WHNP which )WHNP (S (ADVP initially )ADVP (VP tumbled (NP (NP three points )NP , or (NP (NP $ 30 )NP (PP for (NP each (ADJP $ 1,000 )ADJP face amount )NP )PP )NP , )NP (PP to (NP (QP 96 1\/4 )QP )NP )PP (PP before (S (VP *UNKING (PP to (NP (QP 99 3\/4 )QP )NP )PP )VP )S )PP )VP )S )SBAR )NP )PP )VP )VP . )S  STOP
(S (NP (NP Bonds )NP (VP issued (PP by (NP (NP *UNKC )NP , (NP *UNKC )NP , (NP *UNKC )NP and (NP American Standard )NP )NP )PP )VP )NP (ADVP also )ADVP (VP showed (NP big gains )NP , (S (VP recovering (NP (NP almost all their losses )NP (PP from (NP (NP Friday )NP and (NP early yesterday )NP )NP )PP )NP )VP )S )VP . )S  STOP
(S But (NP traders )NP (VP said (SBAR (S (NP the junk bond market )NP (ADVP increasingly )ADVP (VP is (VP *UNKING (PP into (NP (NP (NP a *UNK- group )NP , (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP trades )NP (VP can (VP be (VP executed (ADVP easily )ADVP )VP )VP )VP )S )SBAR , )NP and (NP (NP a larger group )NP (PP of (NP *UNK- bonds )NP )PP (SBAR (WHPP in (WHNP which )WHNP )WHPP (S (NP (NP liquidity )NP (PRN -- or (NP (NP the ability )NP (S (VP to (VP trade (PP without (NP too much difficulty )NP )PP )VP )VP )S )NP -- )PRN )NP (VP has (VP (ADVP steadily )ADVP *UNKED (NP this year )NP )VP )VP )S )SBAR )NP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP *UNKC )NP (VP has n't (VP returned (PP to (NP (NP the vast middle ground )NP (PP of (NP the market )NP )PP )NP )PP )VP )VP )S , '' (VP said )VP (NP (NP Mr. *UNKC )NP (PP of (NP Merrill )NP )PP )NP . )SINV  STOP
(SINV `` (S (NP The *UNK )NP (VP are (ADVP still )ADVP (NP *UNK )NP )VP )S , '' (VP said )VP (NP (NP Mr. *UNKC )NP (PP of (NP Drexel )NP )PP )NP . )SINV  STOP
(S (NP Analysts )NP (VP are (ADJP concerned (SBAR that (S (NP (NP much )NP (PP of (NP the high-yield market )NP )PP )NP (VP will (VP remain (ADJP *UNK )ADJP (PP for (NP investors )NP )PP )VP )VP )S )SBAR )ADJP )VP . )S  STOP
(S (NP (NP (NP Paul *UNKC )NP , (NP (NP associate professor )NP (PP at (NP (NP (NAC the Massachusetts Institute (PP of (NP Technology )NP )PP )NAC 's )NP (NP Sloan School )NP (PP of (NP Management )NP )PP )NP )PP )NP )NP )NP , (S (VP citing (NP (NP a pattern )NP (PP of (NP (NP junk-bond default rates )NP (SBAR (WHNP that )WHNP (S (VP (VP are (ADJP low )ADJP (PP in (NP (NP the early years )NP (PP after (NP issuance )NP )PP )NP )PP )VP and (VP rise (ADVP later )ADVP )VP )VP )S )SBAR )NP )PP )NP )VP )S , (VP says , (S `` (NP We )NP (VP 're (ADVP now )ADVP (PP in (NP (NP a period )NP (SBAR (WHADVP where )WHADVP (S (NP we )NP (VP 're (VP starting (S (VP to (VP see (NP (NP defaults )NP (PP from (NP (NP the big issue years )NP (PP of (NP (NP 1984 )NP (PP to (NP 1986 )NP )PP )NP )PP )NP )PP )NP )VP )VP )S )VP )VP )S )SBAR )NP )PP )VP )S )VP . '' )S  STOP
(S (NP (NP Mark *UNKC )NP , (NP (NP a senior vice president )NP (PP at (NP (NP Standard & Poor 's )NP Corp. )NP )PP )NP , )NP (VP confirms (SBAR that (S (NP there )NP (VP is (NP `` (NP increasing concern )NP (PP about (NP (NP the future liquidity )NP (PP of (NP the junk bond market )NP )PP )NP )PP )NP )VP )S )SBAR )VP . '' )S  STOP
(SINV `` (S (NP *UNKC bonds )NP (VP are (NP a (ADJP highly *UNKED )ADJP market )NP )VP )S , '' (VP said )VP (NP (NP Lewis *UNKC )NP , (NP (NP vice chairman )NP (PP of (NP Smith Barney , Harris Upham & Co )NP )PP )NP )NP . )SINV  STOP
(S `` (NP There )NP (VP 's (NP (NP (NP a whole bunch )NP (PP of (NP stuff )NP )PP (SBAR (WHNP that )WHNP (S (VP 's (ADJP (NP money )NP good )ADJP )VP )S )SBAR )NP and (NP (NP a whole bunch )NP (PP of (NP stuff )NP )PP (SBAR (WHNP that )WHNP (S (VP 's not (ADJP so good )ADJP )VP )S )SBAR )NP )NP )VP . '' )S  STOP
(S (NP (NP Analysts )NP (PP at (NP Standard & Poor 's )NP )PP )NP (VP say (SBAR (S (NP (NP junk bond offerings )NP (PP by (NP `` (ADJP *UNKLY stretched )ADJP '' issuers )NP )PP )NP (VP seem (S (VP to (VP be (VP growing )VP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP (QP Almost $ 8 billion )QP )NP (PP of (NP (NP junk bonds )NP (SBAR (WHNP that )WHNP (S (VP are (VP considered (S (ADJP *UNK )ADJP )S )VP )VP )S )SBAR )NP )PP )NP (VP include (NP (NP issues )NP (PP from (NP (NP SCI TV )NP , (NP (NP Gillette Holdings )NP (PRN -LRB- (ADJP not related (PP to (NP Gillette Co. )NP )PP )ADJP -RRB- )PRN )NP , (NP *UNKC )NP , (NP *UNKC *UNKC )NP , (NP Allied Stores )NP , (NP Federated Department Stores )NP , (NP National *UNKC )NP , (NP *UNKC Holdings )NP , (NP *UNKC )NP , (NP Leaseway Transportation )NP and (NP Price Communications )NP )NP )PP )NP )VP . )S  STOP
(SINV `` (S (NP You )NP (VP could (ADVP still )ADVP (VP have (NP some (ADJP very bad )ADJP times )NP (ADVP ahead )ADVP )VP )VP )S , '' (VP said )VP (NP Mr. *UNKC )NP . )SINV  STOP
(S `` (NP (NP It )NP )NP (VP 's (ADJP possible )ADJP (S (VP to (VP have (NP a (ADJP 10 % )ADJP default rate )NP (PP in (NP one year )NP )PP )VP )VP )S , (SBAR because (S (NP we )NP (VP 're (ADVP already )ADVP (VP seeing (NP big problems )NP (PP in (NP (NP the midst )NP (PP of (NP a (ADJP pretty strong )ADJP economy )NP )PP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP I )NP (VP 'm (ADVP certainly )ADVP not (ADJP comfortable (S (VP saying (SBAR (S (NP we )NP (VP 've (VP seen (NP the bottom )NP )VP )VP )S )SBAR )VP )S )ADJP )VP . '' )S  STOP
(S But (NP (NP (NP yesterday 's )NP rally )NP (PP among (NP `` good '' junk )NP )PP )NP (VP was (NP (NP a badly needed *UNK )NP (PP for (NP the market )NP )PP )NP )VP . )S  STOP
(S (S (NP Many issues )NP `` (VP bounced (PP off (NP the floor )NP )PP )VP )S (PRN , '' (S (NP Mr. *UNKC )NP (VP said )VP )S , )PRN and (S (NP benchmark junk issues )NP (VP `` recovered (NP (NP all )NP (PP of (NP (NP their losses )NP '' (PP from (NP (NP Friday )NP and (NP early yesterday )NP )NP )PP )NP )PP )NP )VP )S . )S  STOP
(S (PP In (NP contrast )NP )PP (PRN , (S (NP he )NP (VP says )VP )S , )PRN `` (S (NP The stock market )NP (VP gained (PRT back )PRT (NP (NP (QP only about half )QP )NP (SBAR (WHNP what )WHNP (S (NP it )NP (VP lost (NP Friday )NP )VP )S )SBAR )NP )VP )S , and (S (NP the -LCB- government -RCB- bond market )NP (VP lost (NP (NP (QP about half )QP )NP (SBAR (WHNP what )WHNP (S (NP it )NP (VP gained (NP Friday )NP )VP )S )SBAR )NP )VP )S . '' )S  STOP
(S (NP Traders )NP (VP said (SBAR (S (NP (NP yesterday 's )NP rally )NP (VP was (VP fueled (PP by (NP (NP insurance companies )NP (VP looking (PP for (NP bargains )NP )PP (PP after (NP (NP a *UNK slide )NP (PP in (NP prices )NP )PP (NP the past month )NP )NP )PP )VP )NP )PP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP mutual funds )NP (VP did n't (VP appear (S (VP to (VP be (NP (NP major sellers )NP (PP of (NP high-yield securities )NP )PP )NP (SBAR as (S (VP was (VP expected )VP )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(SINV `` (S (ADVP Sometimes )ADVP (NP a *UNK )NP (VP is (ADJP healthy )ADJP )VP )S , '' (VP said )VP (NP (NP Drexel 's )NP Mr. *UNKC )NP . )SINV  STOP
(S `` (NP People )NP (VP will (VP learn (S (VP to (VP be (ADJP more *UNK )ADJP )VP )VP )S )VP )VP . )S  STOP
(S (SBAR If (S (NP they )NP (VP do (NP good credit analysis )NP )VP )S )SBAR , (NP they )NP (VP will (VP avoid (NP the hand *UNK )NP )VP )VP . )S  STOP
(S (NP I )NP (VP think (SBAR (S (NP the market )NP (VP is (PP in (NP good shape )NP )PP )VP )S )SBAR )VP . )S  STOP
(SQ Should (NP you )NP (ADVP really )ADVP (VP own (NP stocks )NP )VP ? )SQ  STOP
(S (NP That )NP (VP 's (NP (NP a question )NP (SBAR (S (NP (NP a lot )NP (PP of (NP people )NP )PP )NP (VP are (VP asking )VP )VP )S )SBAR )NP , (PP following (NP (NP (NP the stock market 's )NP stunning display )NP (PP of (NP volatility )NP )PP )NP )PP )VP . )S  STOP
(S (S (VP *UNKED (ADVP financially and *UNKLY )ADVP (PP by (NP (NP (NP (NP Friday 's )NP *UNKING 190-point drop )NP (PP in (NP the Dow Jones Industrial Average )NP )PP )NP and (NP (NP yesterday 's )NP *UNK- rebound )NP )NP )PP )VP )S , (NP they )NP (VP 're (VP wondering (SBAR if (S (NP an individual )NP (VP has (NP (NP any business )NP (S (VP being (PP in (NP the market )NP )PP )VP )S )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP The answer )NP (PRN , (SINV (VP say )VP (NP (NP academic researchers )NP , (NP money managers )NP and (NP investment specialists )NP )NP )SINV , )PRN (VP is (NP yes )NP -- (ADVP as (ADVP long (SBAR as (S (NP you )NP (VP approach (NP the stock market )NP (PP as (NP an investor )NP )PP )VP )S )SBAR )ADVP )ADVP )VP . )S  STOP
(S But (PRN , (S (NP they )NP (VP say )VP )S , )PRN (NP people )NP (VP should n't (VP try (S (VP to (VP be (NP (NP traders )NP , (SBAR (WHNP who )WHNP (S (VP buy and sell (PP in (NP an effort (S (VP to (VP (VP ride (NP the latest economic trend )NP )VP or (VP catch (NP the next hot stock )NP )VP )VP )VP )S )NP )PP )VP )S )SBAR )NP )VP )VP )S )VP )VP . )S  STOP
(S (NP (NP The case )NP (PP for (S (VP owning (NP stocks )NP (PP over (NP the long-term )NP )PP )VP )S )PP )NP (VP is (ADJP *UNKING )ADJP )VP . )S  STOP
(SINV `` (S (SBAR If (S (NP you )NP (VP look (PP at (ADJP (NP 75 years )NP worth (PP of (NP investment history )NP )PP (PRN -- (PP including (NP (NP the Great *UNKC )NP and (NP (NP every bear market )NP (ADVP since )ADVP )NP )NP )PP -- )PRN )ADJP )PP )VP )S )SBAR (NP stocks )NP (VP have (VP *UNKED (NP (NP almost everything )NP (SBAR (S (NP an individual )NP (VP could (VP have (VP owned )VP )VP )VP )S )SBAR )NP (PP by (NP a long shot )NP )PP )VP )VP )S , '' (VP says )VP (NP (NP Barry Berlin )NP , (NP (NP vice president )NP (PP at (NP First Wachovia Capital Management )NP )PP )NP )NP . )SINV  STOP
(S (NP (NP A dollar )NP (VP invested (PP in (NP the stock market )NP )PP (PP in (NP *UNKN )NP )PP )VP )NP (VP would (VP have (VP grown (PP to (NP $ *UNKN )NP )PP (PP by (NP (NP the end )NP (PP of (NP last June )NP )PP )NP )PP , (PP according (PP to (NP (NP Laurence *UNKC )NP , (NP (NP managing director )NP (PP at (NP *UNKC Associates Inc )NP )PP )NP )NP )PP )PP )VP )VP )VP . )S  STOP
(S But (S (NP (NP a dollar )NP (VP invested (PP in (NP long-term bonds )NP )PP (PP in (NP *UNKN )NP )PP )VP )NP (VP would (VP have (VP grown (PP to (NP (QP only $ *UNKN )QP )NP )PP )VP )VP )VP )S , and (S (NP (NP a dollar )NP (VP put (PP in (NP Treasury bills )NP )PP )VP )NP (VP would (VP equal (NP a *UNK $ *UNKN )NP )VP )VP )S . )S  STOP
(X (X (X The longer )X (NP the time period )NP )X , (X the less )X (NP (NP risk )NP (SBAR (S (NP there )NP (VP is )VP )S )SBAR (PP of (S (VP losing (NP money )NP (PP in (NP the stock market )NP )PP )VP )S )PP )NP . )X  STOP
(S (PP Over (NP time )NP )PP , (NP the odds )NP (VP (ADVP increasingly )ADVP favor (NP (NP the investor )NP (PP with (NP a diversified portfolio )NP )PP )NP )VP . )S  STOP
(S (PP For (NP instance )NP )PP , (NP (NP Ken *UNKC )NP , (NP a San Francisco money manager )NP , )NP (VP *UNK (SBAR that (S (SBAR if (S (NP an investor )NP (VP holds (NP (NP a basket )NP (PP of (NP stocks )NP )PP (SBAR (WHNP that )WHNP (S (VP tracks (NP (NP the Standard & Poor 's )NP 500-stock index )NP )VP )S )SBAR )NP )VP )S )SBAR , (NP (NP the chance )NP (PP of (S (VP losing (NP money )NP )VP )S )PP )NP (VP is (NP (NP (QP 3 % to 4 % )QP )NP (PP over (NP a 10-year period )NP )PP )NP , (PP compared (PP with (NP (NP (NP 15 % )NP (PP over (NP three years )NP )PP )NP and (NP (NP 30 % )NP (PP over (NP one year )NP )PP )NP )NP )PP )PP )VP )S )SBAR )VP . )S  STOP
(S `` (S (SBAR If (S (NP you )NP (VP do n't (VP need (NP the money )NP (PP for (NP 10 years )NP )PP )VP )VP )S )SBAR , (NP there )NP (VP 's (NP (NP a *UNK- case )NP (PP for (S (VP sticking (PP to (NP (NP a steady core )NP (PP of (NP stocks )NP )PP )NP )PP )VP )S )PP )NP )VP )S , '' (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(SINV (S (NP *UNKC investments )NP (ADVP also )ADVP (VP help (S (VP balance (NP (NP the other assets )NP (SBAR (S (NP an individual )NP (VP owns )VP )S )SBAR )NP )VP )S )VP )S , (VP says )VP (NP (NP John *UNKC Jr. )NP , (NP (NP president )NP (PP of (NP (NP the Institute )NP (PP of (NP *UNKED Financial *UNKC )NP )PP )NP )PP )NP )NP . )SINV  STOP
(S (S (NP Stocks )NP (VP have (NP (NP a place )NP (PP in (NP (NP an investors ' )NP portfolio )NP )PP )NP (PP along (PP with (NP (NP real estate )NP , (NP bonds )NP , (NP international securities )NP and (NP cash )NP )NP )PP )PP )VP )S , (NP he )NP (VP says )VP . )S  STOP
(S (S (NP There )NP (VP are (NP some important *UNK )NP )VP )S : (S (S (PP Before (S (VP investing (PP in (NP stocks )NP )PP )VP )S )PP , (NP individuals )NP (VP should (VP have (NP (NP (NP (QP at least three to six )QP months )NP (PP of (NP living expenses )NP )PP )NP (VP set (ADVP aside )ADVP (PP in (NP the bank )NP )PP )VP )NP )VP )VP )S , (NP most investment advisers )NP (VP say )VP )S . )S  STOP
(S (NP Individuals )NP (ADVP also )ADVP (VP should (VP focus (PP on (S (VP building (NP (NP (NP equity )NP (PP in (NP a home )NP )PP , (SBAR (WHNP which )WHNP (S (VP provides (NP (NP some protection )NP (PP against (NP inflation )NP )PP )NP )VP )S )SBAR )NP , (CONJP as well as )CONJP (NP (NP a *UNK- )NP (SBAR (WHNP that )WHNP (S (VP can (VP be (VP *UNKED (PRT in )PRT (ADVP late (PP in (NP life )NP )PP )ADVP (S (VP to (VP help (S (VP cover (NP (NP the cost )NP (PP of (NP retirement living )NP )PP )NP )VP )S )VP )VP )S )VP )VP )VP )S )SBAR )NP )NP )VP )S )PP )VP )VP . )S  STOP
(S (NP People )NP (ADVP also )ADVP (VP should n't (VP invest (NP (NP money )NP )NP (PP in (NP stocks )NP )PP (SBAR (WHNP that )WHNP (S (NP they )NP (VP 'll (VP need (PP in (NP the near future )NP )PP -- (PP for (NP example )NP )PP , (PP for (NP (NP college tuition payments )NP or (NP retirement expenses )NP )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(SINV `` (S (NP You )NP (VP may (VP have (S (VP to (VP sell (NP your stocks )NP (PP at (NP (NP a time )NP (SBAR (WHADVP when )WHADVP (S (NP the market )NP (VP takes (NP a plunge )NP )VP )S )SBAR )NP )PP )VP )VP )S )VP )VP )S , '' (VP says )VP (NP (NP Mr. *UNKC )NP , (NP a (NAC Del *UNKC , Calif. )NAC financial planner )NP )NP . )SINV  STOP
(SINV (S But (SBAR once (S (NP the *UNK )NP (VP are (VP covered )VP )VP )S )SBAR , `` (ADVP then )ADVP (NP I )NP (VP would (VP start (S (VP to (VP invest , (SBAR even if (S (NP it )NP (VP 's (NP (NP as little )NP (PP as (NP $ 1,000 )NP )PP )NP )VP )S )SBAR )VP )VP )S )VP )VP )S , '' (VP says )VP (NP (NP Michael Lipper )NP , (NP (NP president )NP (PP of (NP Lipper Analytical Services Inc )NP )PP )NP )NP . )SINV  STOP
(S (NP He )NP (VP says (SBAR (S (NP individuals )NP (VP should (VP consider (NP not (NP just stocks )NP , but (NP (NP other long-term investments )NP , (PP such as (NP high-quality bonds )NP )PP )NP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP Despite (NP (NP the strong case )NP (PP for (NP stocks )NP )PP )NP )PP , (ADVP however )ADVP , (NP most pros )NP (VP warn (SBAR that (S (NP individuals )NP (VP should n't (VP try (S (VP to (VP profit (PP from (NP short-term developments )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's (ADJP very difficult (SBAR (S (VP to (VP do )VP )VP )S )SBAR )ADJP )VP )S , '' (VP says )VP (NP (NP Donald *UNKC )NP , (NP (NP a market strategist )NP (PP for (NP (NP *UNKC Morgan Securities )NP , (NP a Los Angeles brokerage firm )NP )NP )PP )NP )NP . )SINV  STOP
(S `` (S (NP Our markets )NP (VP move (ADVP (ADVP so fast )ADVP )ADVP )VP )S and (S (NP they )NP (VP are (ADJP (ADVP so volatile )ADVP )ADJP )VP )S , (SBAR (S (NP there )NP (VP 's (NP (NP no way )NP (SBAR (S (NP the average investor )NP (VP can (VP compete (PP with (NP the pros )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR . '' )S  STOP
(S (NP Individual investors )NP (VP face (NP (NP high transaction costs )NP (PP of (S (VP moving (UCP (ADVP in )ADVP and (PP out (PP of (NP the market )NP )PP )PP )UCP )VP )S )PP )NP )VP . )S  STOP
(SINV (S (S (NP (NP The cost )NP (PP of (S (VP *UNKING (NP stock orders )NP )VP )S )PP )NP (VP *UNK (PP (PP (PP from (NP brokerage )NP )PP (PP to (NP brokerage )NP )PP )PP and (PP with (NP (NP the size )NP (PP of (NP the order )NP )PP )NP )PP )PP )VP )S , but (S (NP (NP 2 % )NP (PP of (NP (NP the order 's )NP value )NP )PP )NP (VP is (NP an average )NP )VP )S )S , (VP says )VP (NP (NP Stephen *UNKC )NP , (NP (NP manager )NP (PP of (NP (NP T. Rowe Price 's )NP Growth and Income mutual fund )NP )PP )NP )NP . )SINV  STOP
(S And (S (VP assuming (SBAR (S (NP their first investment )NP (VP is (ADJP successful )ADJP )VP )S )SBAR )VP )S , (NP investors )NP (VP will (VP have (S (VP to (VP pay (NP (NP taxes )NP (PP on (NP their gains )NP )PP )NP )VP )VP )S )VP )VP . )S  STOP
(S (S (NP That )NP (VP can (VP reduce (NP returns )NP (PP by (NP a third (QP or more )QP )NP )PP , (SBAR once (S (NP local taxes )NP (VP are (VP included )VP )VP )S )SBAR )VP )VP )S , (NP Mr. Lipper )NP (VP says )VP . )S  STOP
(S (S (PP After (NP that )NP )PP , (NP individual traders )NP (VP face (NP the risk (SBAR that (S (NP (NP the new investment )NP (SBAR (S (NP they )NP (VP choose )VP )S )SBAR )NP (VP wo n't (VP perform (ADVP well )ADVP )VP )VP )S )SBAR )NP )VP )S -- so (S (NP their trading costs )NP (VP could (VP be (VP sustained (PP for (NP nothing )NP )PP )VP )VP )VP )S . )S  STOP
(SINV `` (S (NP (NP It )NP )NP (VP 's (ADJP very tough )ADJP (SBAR for (S (NP most individuals )NP (VP to (VP *UNK- (NP (NP the mutual funds )NP or (NP the market )NP )NP )VP )VP )S )SBAR )VP )S , '' (VP says )VP (NP Mr. Lipper )NP . )SINV  STOP
(S `` (NP You )NP (VP should (VP (ADVP really )ADVP think (ADVP twice )ADVP (SBAR if (S (NP you )NP (VP think (SBAR (S (NP you )NP (VP can (VP *UNK- (NP the system )NP )VP )VP )S )SBAR )VP )S )SBAR )VP )VP . '' )S  STOP
(S (ADVP Then )ADVP , (ADVP too )ADVP , (NP many individual investors )NP (VP lack (NP (NP the *UNK emotional makeup )NP (SBAR (S (NP professionals )NP (VP say (SBAR (S (VP is (VP needed (S (VP to (VP plunge (UCP (ADVP in )ADVP and (PP out (PP of (NP the market )NP )PP )PP )UCP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )NP )VP . )S  STOP
(SBARQ (ADVP So )ADVP (WHNP what )WHNP (SQ (VP 's (NP (NP the best way )NP (SBAR (S (VP to (VP buy (NP stocks )NP )VP )VP )S )SBAR )NP )VP )SQ ? )SBARQ  STOP
(SINV `` (S (SBAR Unless (S (NP an individual )NP (VP has (NP (NP a minimum )NP (PP of (NP (QP between $ 50,000 and $ 100,000 )QP )NP )PP (SBAR (S (VP to (VP invest (PP in (NP stocks )NP )PP )VP )VP )S )SBAR )NP )VP )S )SBAR , (NP he )NP (VP 's (ADVP still )ADVP (ADJP (ADJP better off (PP in (NP mutual funds )NP )PP )ADJP (PP than (PP in (NP individual stocks )NP )PP )PP )ADJP , (PP in (NP (NP terms )NP (PP of (S (VP getting (NP (NP enough attention )NP (PP from (NP a competent broker )NP )PP )NP )VP )S )PP )NP )PP )VP )S , '' (VP says )VP (NP Mr. Lipper )NP . )SINV  STOP
(S (S (ADVP Still )ADVP (PRN , (S (NP he )NP (VP adds )VP )S , )PRN `` (NP I )NP (VP could (VP see (S (VP owning (NP both )NP )VP )S , (PP given (SBAR that (S (NP individuals )NP (ADVP often )ADVP (VP have (NP (NP an advantage )NP (PP over (NP big investors )NP )PP (PP in (S (VP *UNKING (NP special situations )NP )VP )S )PP )NP (S (PP based (PP on (NP their own *UNK )NP )PP )PP )S )VP )S )SBAR )PP )VP )VP )S , '' (NP he )NP (VP adds )VP . )S  STOP
(S (NP (NP George Douglas )NP , (NP (NP first vice president )NP (PP at (NP Drexel Burnham Lambert Inc. )NP )PP )NP , )NP (VP says (SBAR that (S (NP individuals )NP (VP have (NP a particular edge )NP (ADVP now )ADVP (PP in (NP (NP `` (NP (ADJP small to *UNK- )ADJP niche companies )NP (PP with (NP exciting earnings prospects )NP )PP '' )NP (PRN -- (NP (NP a traditional *UNKING ground )NP (PP for (NP small investors )NP )PP )NP )PRN )NP )PP )VP )S )SBAR )VP . )S  STOP
(S (NP (NP This growth sector )NP , (SBAR (WHNP which )WHNP (S (ADVP usually )ADVP (VP carries (NP (NP a *UNK multiple )NP (NP (NP (QP about twice )QP that )NP (PP of (NP (NP the Standard & Poor 's )NP 500 )NP )PP )NP )NP )VP )S )SBAR , )NP (VP happens (S (VP to (VP include (NP (NP some )NP (PP of (NP (NP the market 's )NP (ADJP most attractive )ADJP bargains )NP )PP )NP (ADVP right now )ADVP )VP )VP )S )VP . )S  STOP
(SINV `` (S (NP It )NP (VP 's (ADVP now )ADVP (VP selling (PP at (NP (NP a multiple )NP (ADJP about even (PP with (NP the market )NP )PP )ADJP )NP )PP )VP )VP )S , '' (VP says )VP (NP Mr. Douglas )NP . )SINV  STOP
(S (ADVP Moreover )ADVP , (NP Mr. Douglas )NP (VP sees (NP (NP a revival )NP (PP of (NP institutional interest )NP )PP (PP in (NP smaller growth stocks )NP )PP (SBAR (WHNP that )WHNP (S (VP could (VP boost (NP (NP the performance )NP (PP of (NP these stocks )NP )PP )NP (PP in (NP the medium term )NP )PP )VP )VP )S )SBAR )NP )VP . )S  STOP
(S (S (NP (NP Many big Wall Street brokerage firms )NP (SBAR (WHNP who )WHNP (S (VP eliminated (NP (NP their research effort )NP (PP in (NP (NP stocks )NP (PP of (NP emerging growth companies )NP )PP )NP )PP )NP (ADVP (NP a few years )NP ago )ADVP )VP )S )SBAR )NP (VP are (ADVP now )ADVP (VP *UNKING (NP (NP coverage )NP (PP of (NP this area )NP )PP )NP )VP )VP )S , (NP he )NP (VP notes )VP . )S  STOP
(S `` (S (NP We )NP (VP 're (VP seeing (NP (NP a real turnaround )NP (PP in (NP (NP interest )NP (PP in (NP small growth stocks )NP )PP )NP )PP )NP )VP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (NP The pros )NP (VP (ADVP *UNKLY )ADVP advise (NP individuals )NP (S (VP to (VP stay (ADVP away (PP from (NP the latest investment *UNK )NP )PP )ADVP )VP )VP )S )VP . )S  STOP
(S (NP They )NP (VP say (SBAR (S (NP that )NP (VP 's (ADJP especially important )ADJP (ADVP this late (PP in (NP (NP the growth phase )NP (PP of (NP the economic cycle )NP )PP )NP )PP )ADVP , (SBAR (WHADVP when )WHADVP (S (NP there )NP (VP 's (NP no robust bull market )NP (S (VP to (VP *UNK (NP investors )NP (PP out (PP of (NP their mistakes )NP )PP )PP )VP )VP )S )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(SINV (S (S (NP (NP Friday 's )NP correction )NP (VP presents `` (NP a (ADJP pretty good )ADJP buying opportunity )NP )VP )S , but (S (VP let (NP 's )NP not (VP speculate (PP at (NP (NP this point )NP (PP in (NP the business cycle )NP )PP )NP )PP )VP )VP )S )S , '' (VP says )VP (NP (NP *UNKC *UNKC )NP , (NP (NP chief equity portfolio strategist )NP (PP at (NP First Boston Corp )NP )PP )NP )NP . )SINV  STOP
(S `` (S (VP *UNKC (NP stocks )NP (PP on (NP (NP weakness )NP (PP for (NP their long-term fundamentals )NP )PP )NP )PP )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (PP In (NP the long run )NP )PP (PRN , (S (NP investment advisers )NP (VP say )VP )S , )PRN (NP most investors )NP (VP will (VP be (ADJP better off (S (VP using (NP (NP the *UNK- averaging method )NP (PP of (S (VP buying (NP stocks )NP )VP )S )PP )NP )VP )S )ADJP )VP )VP . )S  STOP
(S (PP In (NP this method )NP )PP , (NP a person )NP (VP *UNK (NP a regular amount )NP (NP every month or quarter )NP (PP into (NP the stock market )NP )PP (SBAR whether (S (NP the market )NP (VP is (ADVP up or down )ADVP )VP )S )SBAR )VP . )S  STOP
(S (S (NP That )NP (VP cuts (NP the risk )NP )VP )S , (NP (NP Mr. *UNKC )NP , (NP the San Francisco money manager )NP , )NP (VP points (PRT out )PRT )VP . )S  STOP
(S `` (S (S (SBAR (WHADVP When )WHADVP (S (NP the market )NP (VP is (ADJP low )ADJP )VP )S )SBAR , (NP you )NP (VP are (VP buying (NP more shares )NP )VP )VP )S , and (S (SBAR (WHADVP when )WHADVP (S (NP it )NP (VP 's (ADJP high )ADJP )VP )S )SBAR , (NP you )NP (VP 're (VP buying (NP fewer shares )NP )VP )VP )S )S , '' (NP he )NP (VP says )VP . )S  STOP
(S (S (ADVP Otherwise )ADVP , (SBAR if (S (NP you )NP (VP put (NP all your money )NP (PRT in )PRT (PP at (NP one time )NP )PP )VP )S )SBAR , (PP by (NP (ADJP sheer bad )ADJP luck )NP )PP , (NP you )NP (VP might (VP (VP pick (NP a terrible time )NP )VP , and (VP have (S (VP to (VP wait (NP three years )NP (S (VP to (VP get (ADVP even )ADVP )VP )VP )S )VP )VP )S )VP )VP )VP )S , (NP Mr. Gregory )NP (VP says )VP . )S  STOP
(S (S (NP A disciplined program )NP (VP will (VP work (NP the best )NP )VP )VP )S , (NP Mr. *UNKC )NP (VP says )VP . )S  STOP
(S `` (S (NP (NP One )NP (PP of (NP (NP the hardest things )NP (SBAR (S (VP to (VP do )VP )VP )S )SBAR )NP )PP )NP (VP is (S (VP to (VP buy (NP stocks )NP (SBAR (WHADVP when )WHADVP (S (NP the market )NP (VP is (ADVP down )ADVP )VP )S )SBAR )VP )VP )S )VP )S , '' (NP he )NP (VP says )VP . )S  STOP
(S `` But (NP that )NP (VP 's (NP (ADVP just )ADVP (NP the time )NP (SBAR (WHADVP when )WHADVP (S (NP you )NP (VP should (VP be (VP buying (NP them )NP )VP )VP )VP )S )SBAR )NP )VP . '' )S  STOP
(NP (NP *UNKC annual returns )NP , (PP including (NP (NP price changes )NP and (NP (NP income )NP (PP from (NP interest and dividends )NP )PP )NP )NP )PP )NP  STOP
(X (X \* )X (NP (NP *UNKC performance )NP , (VP not annualized )VP )NP )X  STOP
(NP (NP Source )NP : (NP *UNKC Associates Inc . )NP )NP  STOP
(S (NP (NP The following issues )NP )NP (VP were (ADVP recently )ADVP (VP filed (PP with (NP the Securities and Exchange Commission )NP )PP : (NP (NP *UNKC Co. )NP , (NP (NP initial public offering )NP (PP of (NP (NP (NP (QP two million )QP shares )NP (PP of (NP common stock )NP )PP )NP , (SBAR (WHPP of (WHNP which )WHNP )WHPP (S (S (NP (NP *UNKN shares )NP )NP (VP are (VP being (VP offered (PP by (NP the company )NP )PP )VP )VP )VP )S and (S (NP (NP *UNKN shares )NP )NP (PP by (NP holders )NP )PP )S , (PP via (NP (NP *UNKC , Ellis & *UNKC Inc. )NP and (NP Robert W. *UNKC & Co )NP )NP )PP )S )SBAR )NP )PP )NP )NP )VP )VP . )S  STOP
(NP (NP Giant Industries Inc. )NP , (NP (NP initial public offering )NP (PP of (NP (NP *UNKN common shares )NP , (SBAR (WHPP of (WHNP which )WHNP )WHPP (S (S (NP (NP *UNKN )NP )NP (VP will (VP be (VP sold (PP by (NP the company )NP )PP )VP )VP )VP )S , and (S (NP (NP the rest )NP )NP (PP by (NP holders )NP )PP )S , (PP via (NP (NP Shearson Lehman Hutton Inc. )NP and (NP *UNKC , *UNKC Inc )NP )NP )PP )S )SBAR )NP )PP )NP . )NP  STOP
(NP (NP *UNKC Fund Inc. )NP , (NP (NP initial offering )NP (PP of (NP (QP five million )QP common shares )NP )PP )NP , (PP via (NP Smith Barney , Harris Upham & Co )NP )PP . )NP  STOP
(NP (NP *UNKC *UNKC Ltd. )NP , (NP (NP initial offering )NP (PP of (NP (NP (QP four million )QP common shares )NP , (SBAR (WHPP of (WHNP which )WHNP )WHPP (S (S (NP (NP 3.2 million )NP )NP (VP will (VP be (VP sold (PP in (NP the U.S. )NP )PP )VP )VP )VP )S , and (S (NP (NP the balance )NP )NP (PP outside (NP the U.S. )NP )PP )S , (PP via (NP (NP Smith Barney , Harris Upham & Co. )NP and (NP *UNKC , *UNKC & Co )NP )NP )PP )S )SBAR )NP )PP )NP . )NP  STOP
(S (NP (NP Donald Trump )NP , (SBAR (WHNP who )WHNP (S (VP faced (NP (NP rising doubt )NP (PP about (NP (NP his bid )NP (PP for (NP American Airlines parent AMR Corp. )NP )PP )NP )PP )NP (SBAR even before (S (NP a United Airlines buy-out )NP (VP came (ADVP apart )ADVP (NP Friday )NP )VP )S )SBAR )VP )S )SBAR , )NP (VP withdrew (NP his (ADJP (QP $ *UNKN billion )QP )ADJP offer )NP )VP . )S  STOP
(S (ADVP Separately )ADVP , (NP (NP bankers )NP (VP representing (NP (NP the group )NP (VP trying (S (VP to (VP buy (NP (NP United 's )NP parent UAL Corp. )NP )VP )VP )S )VP )NP )VP )NP (VP met (PP with (NP other banks )NP )PP (PP about (S (VP *UNKING (NP that purchase )NP (PP at (NP (NP a lower price )NP , (NP (NP (NP possibly (QP around $ 250 )QP )NP (NP a share )NP )NP , or (NP (QP $ *UNKN billion )QP )NP )NP )NP )PP )VP )S )PP )VP . )S  STOP
(S But (NP a lower bid )NP (VP could (VP face (NP (NP rejection )NP (PP by (NP the UAL board )NP )PP )NP )VP )VP . )S  STOP
(S (NP (NP Mr. Trump )NP , (SBAR (WHNP who )WHNP (S (VP vowed (NP Wednesday )NP (S (VP to (VP `` go (ADVP forward )ADVP '' (PP with (NP the bid )NP )PP )VP )VP )S )VP )S )SBAR , )NP (VP said (SBAR (S (NP he )NP (VP was (VP dropping (NP it )NP (PP `` in (NP (NP light )NP (PP of (NP (NP the recent change )NP (PP in (NP market conditions )NP )PP )NP )PP )NP )PP )VP )VP )S )SBAR )VP . '' )S  STOP
(S (NP He )NP (VP said (SBAR (S (NP he )NP (VP might (ADVP now )ADVP (VP (VP sell (NP his AMR stake )NP )VP , (VP buy (NP more shares )NP )VP , or (VP make (NP another offer )NP (PP at (NP a lower price )NP )PP )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP The Manhattan real-estate developer )NP (VP acted (SBAR after (S (NP the UAL buyers )NP (VP failed (S (VP to (VP obtain (NP (NP financing )NP (PP for (NP (NP their earlier (ADJP $ 300-a-share )ADJP bid )NP , (SBAR (WHNP which )WHNP (S (VP sparked (NP (NP a selling panic )NP (PP among )PP (SBAR (WHNP that )WHNP (S (VP *UNKED (PP into (NP (NP a 190-point drop )NP (NP Friday )NP (PP in (NP the Dow Jones Industrial Average )NP )PP )NP )PP )VP )S )SBAR )NP )VP )S )SBAR )NP )PP )NP )VP )VP )S )VP )S )SBAR )VP . )S  STOP
(S (NP (NP News )NP (PP about (NP (NP UAL and AMR )NP , (SBAR (WHNP whose shares )WHNP (S (VP (ADVP never )ADVP reopened (SBAR after (S (NP trading )NP (VP was (VP halted (NP Friday )NP (PP for (NP the UAL announcement )NP )PP )VP )VP )S )SBAR )VP )S )SBAR , )NP )PP )NP (VP sent (S (NP both stocks )NP (VP *UNKING (PP in (NP (NP composite trading )NP (PP on (NP the New York Stock Exchange )NP )PP )NP )PP )VP )S )VP . )S  STOP
(S (S (NP UAL )NP (VP tumbled (NP $ *UNKN )NP (PP to (NP $ *UNKN )NP )PP (PP on (NP (NP volume )NP (PP of (NP (QP 2.3 million )QP shares )NP )PP )NP )PP )VP )S , and (S (NP AMR )NP (VP declined (PP by (NP $ *UNKN )NP )PP (PP to (NP $ *UNKN )NP )PP (SBAR as (S (NP (QP 4.7 million )QP shares )NP (VP changed (NP hands )NP )VP )S )SBAR )VP )S . )S  STOP
(S (S (ADVP *UNKC )ADVP )S , (NP the two stocks )NP (VP (VP *UNKED (NP *UNK )NP (PP among (NP takeover stock traders )NP )PP )VP , and (VP caused (NP (NP a (ADJP *UNKN % )ADJP drop )NP (PP in (NP the Dow Jones Transportation Average )NP )PP , (ADJP second (PP in (NP size )NP )PP (PP only to (NP (NP the stock-market crash )NP (PP of (NP (NP Oct. 19 )NP , (NP 1987 )NP )NP )PP )NP )PP )ADJP )NP )VP )VP . )S  STOP
(S (NP Some )NP (VP said (SBAR (S (NP (NP Friday 's )NP market debacle )NP (VP had (VP given (NP Mr. Trump )NP (NP an excuse (S (VP to (VP bail (PP out (PP of (NP (NP an offer )NP (SBAR (WHNP that )WHNP (S (VP showed (NP (NP signs )NP (PP of (NP *UNKING )NP )PP )NP (SBAR even before (S (NP (NP problems )NP )NP (VP emerged (PP with (NP the UAL deal )NP )PP )VP )S )SBAR )VP )S )SBAR )NP )PP )PP )VP )VP )S )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (PP After (S (VP reaching (NP (NP an intraday high )NP (PP of (NP $ *UNKN )NP )PP )NP (NP (NP (NP the day )NP (SBAR (S (NP Mr. Trump )NP (VP disclosed (NP his bid )NP )VP )S )SBAR )NP (NP Oct. 5 )NP )NP )VP )S )PP , (NP (NP AMR 's )NP stock )NP (VP had (VP retreated (ADVP (ADVP as low )ADVP (PP as (NP $ *UNKN )NP )PP )ADVP (NP last week )NP )VP )VP . )S  STOP
(S (NP Some takeover stock traders )NP (VP had (VP been (VP betting (PP against (NP Mr. Trump )NP )PP (SBAR because (S (NP he )NP (VP has (NP (NP a record )NP (PP of (S (VP *UNKING (NP (NP stakes )NP (PP in (NP (NP companies )NP (SBAR (WHNP that )WHNP (S (VP are (NP potential takeover targets )NP )VP )S )SBAR )NP )PP )NP )VP )S , then (S (VP selling (PP at (NP a profit )NP )PP (PP without (S (VP making (NP a bid )NP )VP )S )PP )VP )S )PP )NP )VP )S )SBAR )VP )VP )VP . )S  STOP
(SINV `` (S (NP He )NP (ADVP still )ADVP (VP has n't (VP proven (NP (NP his *UNK )NP (PP as (NP a *UNK- *UNK- artist )NP )PP )NP )VP )VP )S , '' (VP said )VP (NP (NP airline analyst Kevin Murphy )NP (PP of (NP Morgan Stanley & Co )NP )PP )NP . )SINV  STOP
(S `` (NP He )NP (VP 's (VP done (NP (NP this thing )NP (SBAR (WHADVP where )WHADVP (S (NP he )NP (VP 'll (VP (VP buy (NP (NP a little bit )NP (PP of (NP a company )NP )PP )NP )VP and (VP (ADVP then )ADVP trade (PP out (PP of (NP it )NP )PP )PP )VP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP He )NP (VP 's (VP written (NP (NP this book )NP , ` (NP (NP The Art )NP (PP of (NP the *UNKC )NP )PP )NP )NP )VP )VP . ' )S  STOP
(SBARQ (WHADVP Why )WHADVP does n't (SQ (NP he )NP (VP (ADVP just )ADVP follow (PRT through )PRT (PP on (NP (NP one )NP (PP of (NP these things )NP )PP )NP )PP )VP )SQ ? '' )SBARQ  STOP
(S (NP Mr. Trump )NP (VP withdrew (NP his bid )NP (SBAR before (S (NP (NP the AMR board )NP , (SBAR (WHNP which )WHNP (S (VP is (ADJP due (S (VP to (VP meet (NP tomorrow )NP )VP )VP )S )ADJP )VP )S )SBAR , )NP (VP (ADVP ever )ADVP (ADVP formally )ADVP considered (NP it )NP )VP )S )SBAR )VP . )S  STOP
(S (NP AMR )NP (VP had (VP *UNKED (NP (NP (NP a wide range )NP (PP of (NP possible responses )NP )PP , (PP (PP from (NP flat rejection )NP )PP (PP to (NP (NP *UNK )NP and (NP leveraged buy-outs )NP )NP )PP )PP )NP (SBAR (WHNP that )WHNP (S (VP might (VP have (VP included (NP either (NP employees )NP , (NP (NP a *UNK buyer )NP (PP such as (NP Texas billionaire Robert Bass )NP )PP )NP , or (NP both )NP )NP )VP )VP )VP )S )SBAR )NP )VP )VP . )S  STOP
(S (NP AMR )NP (VP had (ADVP also )ADVP (VP sought (S (VP to (VP *UNK (NP Mr. Trump )NP (PP in (NP Congress )NP )PP (PP by (S (VP lobbying (PP for (NP (NP legislation )NP (SBAR (WHNP that )WHNP (S (VP would (VP have (VP bolstered (NP (NP the authority )NP (PP of (NP the Transportation Department )NP )PP (S (VP to (VP reject (NP airline buy-outs )NP )VP )VP )S )NP )VP )VP )VP )S )SBAR )NP )PP )VP )S )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP Yesterday )NP , (NP Mr. Trump )NP (VP tried (S (VP to (VP put (NP (NP the blame )NP (PP for (NP (NP the collapse )NP (PP of (NP the UAL deal )NP )PP )NP )PP )NP (PP on (NP Congress )NP )PP )VP )VP )S , (S (VP saying (SBAR (S (NP it )NP (VP was (VP rushing (PP through (NP a bill (S (VP to (VP protect (NP AMR executives )NP )VP )VP )S )NP )PP )VP )VP )S )SBAR )VP )S )VP . )S  STOP
(S `` (S (NP I )NP (VP believe (SBAR that (S (NP the perception (SBAR that (S (NP (NP legislation )NP (PP in (NP this area )NP )PP )NP (VP may (VP be (VP (ADVP *UNKLY )ADVP approved )VP )VP )VP )S )SBAR )NP (VP contributed (PP to (NP (NP (NP the collapse )NP (PP of (NP the UAL transaction )NP )PP )NP , and (NP (NP the resulting disruption )NP (PP in (NP the financial markets )NP )PP (VP experienced (NP this past Friday )NP )VP )NP )NP )PP )VP )S )SBAR )VP )S , '' (NP Mr. Trump )NP (VP wrote (NP (NP members )NP (PP of (NP Congress )NP )PP )NP )VP . )S  STOP
(S (S (NP AMR )NP (VP declined (S (VP to (VP comment )VP )VP )S )VP )S , and (S (NP Mr. Trump )NP (VP did n't (VP respond (PP to (NP (NP requests )NP (PP for (NP interviews )NP )PP )NP )PP )VP )VP )S . )S  STOP
(S (NP Mr. Trump )NP (VP (ADVP never )ADVP said (SBAR (SBAR (WHNP (WHADVP how much )WHADVP AMR stock )WHNP (S (NP he )NP (VP had (VP bought )VP )VP )S )SBAR , (ADVP only )ADVP (SBAR that (S (NP his holdings )NP (VP were (ADJP `` substantial )ADJP )VP )S )SBAR )SBAR )VP . '' )S  STOP
(S (ADVP However )ADVP , (NP he )NP (VP (ADVP only )ADVP received (NP federal clearance (S (VP to (VP buy (NP (NP (QP more than $ 15 million )QP )NP (PP of (NP the stock )NP )PP )NP (PP on (NP (NP Sept. 20 )NP , (SBAR (WHADVP when )WHADVP (S (NP the price )NP (VP rose (NP (NP $ 2 )NP (NP a share )NP )NP (PP to (NP $ *UNKN )NP )PP )VP )S )SBAR )NP )PP )VP )VP )S )NP )VP . )S  STOP
(S (PP Between (UCP (ADVP then )ADVP and (NP (NP his bid )NP (PP on (NP Oct. 5 )NP )PP )NP )UCP )PP , (NP the price )NP (VP *UNKED (PP between (NP (NP $ *UNKN )NP and (NP $ *UNKN )NP )NP )PP )VP . )S  STOP
(S (PP In (NP an attempt (S (VP to (VP persuade (NP investors )NP (SBAR that (S (NP his bid )NP (VP was n't (NP (ADVP just )ADVP `` a stock play )NP )VP )S )SBAR )VP )VP )S )NP )PP , '' (NP Mr. Trump )NP (VP promised (NP last week )NP (S (VP to (VP notify (NP the market )NP (PP before (S (VP selling (NP any shares )NP )VP )S )PP )VP )VP )S )VP . )S  STOP
(S (NP AMR )NP (VP (VP was (VP trading (PP at (NP (QP around $ 84 )QP )NP )PP (NP yesterday )NP (PP before (NP his withdrawal announcement )NP )PP )VP )VP , then (VP (ADVP immediately )ADVP fell (PP to (NP (QP about $ 76 )QP )NP )PP )VP )VP . )S  STOP
(S (S (VP (VP *UNKING (SBAR that (S (NP he )NP (VP paid (NP (NP a rough average price )NP (PP of (NP (NP $ 80 )NP (NP a share )NP )NP )PP )NP )VP )S )SBAR )VP , and (VP assuming (SBAR (S (NP he )NP (VP did n't (VP sell (SBAR before (S (NP his announcement )NP (VP reached (NP the market )NP )VP )S )SBAR )VP )VP )S )SBAR )VP )VP )S , (NP Mr. Trump )NP (VP could (VP be (VP sitting (PP with (NP a modest loss )NP )PP (PP with (NP (NP the stock )NP (PP at (NP $ *UNKN )NP )PP )NP )PP )VP )VP )VP . )S  STOP
(S (NP Some analysts )NP (VP said (SBAR (S (NP AMR Chairman Robert *UNKC )NP (VP might (VP seize (NP (NP the opportunity )NP (VP presented (PP by (NP the stock price drop )NP )PP )VP )NP (S (VP to (VP protect (NP (NP the nation 's )NP largest airline )NP (PP with (NP (NP a defensive transaction )NP , (PP such as (NP (NP the sale )NP (PP of (NP stock )NP )PP (PP to (NP (NP a friendly holder )NP or (NP company employees )NP )NP )PP )NP )PP )NP )PP )VP )VP )S )VP )VP )S )SBAR )VP . )S  STOP
(S (ADVP However )ADVP , (NP other *UNK observers )NP (VP said (SBAR (S (NP they )NP (VP believed (SBAR (S (NP (NP Mr. Crandall )NP and (NP the AMR board )NP )NP (VP might (ADVP well )ADVP (VP decide (S (VP to (VP tough (NP it )NP (PRT out )PRT (PP without (S (VP taking (NP any extra steps )NP )VP )S )PP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP Some analysts )NP (VP said (SBAR (S (NP they )NP (VP believed (SBAR (S (NP (NP Mr. Trump )NP , (SBAR (WHNP whose *UNKING *UNK )WHNP (S (VP had (VP been (VP viewed (PP by (NP some )NP )PP (PP as (NP a reason (S (VP to (VP believe (SBAR (S (NP he )NP (VP would n't (VP back (ADVP out )ADVP )VP )VP )S )SBAR )VP )VP )S )NP )PP )VP )VP )VP )S )SBAR , )NP (VP might (VP come (ADVP back )ADVP (PP with (NP a lower bid )NP )PP )VP )VP )S )SBAR )VP )S )SBAR )VP . )S  STOP
(S (NP (NP Ray *UNKC )NP (PP of (NP Dillon Read & Co. )NP )PP )NP (VP said (SBAR (S (NP Mr. Trump )NP `` (VP is (VP (VP stepping (ADVP back )ADVP )VP and (VP waiting (SBAR for (S (NP (NP the dust )NP )NP (VP to (VP settle )VP )VP )S )SBAR )VP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP I )NP (VP 'm (ADJP sure (SBAR (S (NP he )NP (ADVP still )ADVP (VP wants (NP AMR )NP )VP )S )SBAR )ADJP )VP . '' )S  STOP
(S But (NP others )NP (VP remained (ADJP skeptical )ADJP )VP . )S  STOP
(SINV `` (S (NP I )NP (VP was (ADVP never )ADVP (ADJP sure (SBAR (S (NP Donald Trump )NP (VP (ADVP really )ADVP wanted (S (VP to (VP take (NP AMR )NP )VP )VP )S )VP )S )SBAR )ADJP )VP )S , '' (VP said )VP (NP (NP John *UNKC )NP , (NP (NP a bond analyst )NP (PP with (NP Shearson Lehman Hutton Inc )NP )PP )NP )NP . )SINV  STOP
(S `` (NP (SBAR (WHNP What )WHNP (S (VP happened (PP with (NP United )NP )PP )VP )S )SBAR )NP (VP was (NP a *UNK way (SBAR for (S (NP him )NP (VP to (VP *UNK (ADVP out )ADVP )VP )VP )S )SBAR )NP )VP . '' )S  STOP
(S (NP Mr. Trump )NP (ADVP never )ADVP (VP obtained (NP (NP financing )NP (PP for (NP his bid )NP )PP )NP )VP . )S  STOP
(S (NP That skepticism )NP (VP would (VP leave (NP him )NP (PP with (NP (NP an (ADJP even greater )ADJP credibility problem )NP )NP )PP (SBAR (SINV should (NP he )NP (VP return )VP )SINV )SBAR (SBAR (WHNP that )WHNP (S (VP would (VP *UNK (NP him )NP (PP in (NP any effort (S (VP to (VP oust (NP the board )NP (PP in (NP a proxy fight )NP )PP )VP )VP )S )NP )PP )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP Meanwhile )ADVP , (NP (NP (NP Citicorp )NP and (NP Chase Manhattan Corp. )NP )NP , (NP (NP the two lead lenders )NP (PP on (NP the UAL buy-out )NP )PP )NP , )NP (VP met (PP with (NP other banks )NP )PP (NP yesterday )NP (S (VP to (VP determine (SBAR if (S (NP they )NP (VP would (VP be (ADJP willing (S (VP to (VP finance (NP the buy-out )NP (PP at (NP a lower price )NP )PP )VP )VP )S )ADJP )VP )VP )S )SBAR )VP )VP )S )VP . )S  STOP
(S (NP (NP Officials )NP (ADJP familiar (PP with (NP the talks )NP )PP )ADJP )NP (VP (VP said (SBAR (S (NP Citicorp )NP (VP had (VP discussed (S (VP lowering (NP the offer )NP (PP to (NP (NP $ 250 )NP (NP a share )NP )NP )PP )VP )S )VP )VP )S )SBAR )VP , but (VP said (SBAR (SBAR (S (NP that price )NP (VP was (NP a talking point )NP )VP )S )SBAR and (SBAR that (S (NP no decision )NP (VP has (VP been (VP made )VP )VP )VP )S )SBAR )SBAR )VP )VP . )S  STOP
(S (PP At (NP (NP $ 250 )NP (NP a share )NP )NP )PP , (NP the group )NP (VP would (VP have (S (VP to (VP borrow (NP (QP about $ 6.1 billion )QP )NP (PP from (NP banks )NP )PP )VP )VP )S )VP )VP . )S  STOP
(S (NP The first UAL deal )NP (VP *UNKED (SBAR after (S (NP Citibank and Chase )NP (VP could n't (VP raise (NP (QP $ 7.2 billion )QP )NP )VP )VP )S )SBAR )VP . )S  STOP
(S (NP Citibank and Chase )NP (VP (VP had (VP agreed (S (VP to (VP commit (NP (QP $ 3 billion )QP )NP )VP )VP )S )VP )VP , and (VP said (SBAR (S (NP they )NP (VP were (ADJP `` highly confident '' (PP of (S (VP raising (NP (QP another $ 4.2 billion )QP )NP )VP )S )PP )ADJP )VP )S )SBAR )VP )VP . )S  STOP
(S (S (ADVP *UNKC )ADVP )S , (NP Citicorp and Chase )NP (VP received (NP (NP (QP $ 8 million )QP )NP (PP in (NP fees )NP )PP )NP (S (VP to (VP raise (NP (NP the rest )NP (PP of (NP the financing )NP )PP )NP )VP )VP )S )VP . )S  STOP
(S But (NP other banks )NP (VP balked (PP at (NP (NP the low (NX (NX interest rate )NX and (NX banking fees )NX )NX )NP (SBAR (S (NP the UAL group )NP (VP was (ADJP willing (S (VP to (VP pay (NP them )NP )VP )VP )S )ADJP )VP )S )SBAR )NP )PP )VP . )S  STOP
(S (NP (NP Officials )NP (ADJP familiar (PP with (NP the bank talks )NP )PP )ADJP )NP (VP said (SBAR (S (NP (NP the UAL buy-out group )NP (PRN -- (NP (NP UAL pilots , )NP (NP management )NP , and (NP British Airways PLC )NP )NP -- )PRN )NP (VP (VP is (ADVP now )ADVP (ADJP willing (S (VP to (VP pay (NP higher (NX (NX bank fees )NX and (NX interest )NX )NX )NP )VP )VP )S )ADJP )VP , but (VP is n't (ADJP likely (S (VP to (VP boost (NP its (ADJP (QP $ *UNKN million )QP )ADJP equity contribution )NP )VP )VP )S )ADJP )VP )VP )S )SBAR )VP . )S  STOP
(SINV Nor is (NP the group )NP (ADJP likely (S (VP to (VP come (PRT forward )PRT (PP with (NP a revised offer )NP )PP (PP within (NP the next 48 hours )NP )PP )VP )VP )S )ADJP (PP despite (NP (NP the hopes )NP (PP of (NP many traders )NP )PP )NP )PP . )SINV  STOP
(S (NP (NP The group 's )NP advisers )NP (VP want (S (VP to (VP make (ADJP certain (SBAR (S (NP they )NP (VP have (NP firm bank commitments )NP (NP the second time around )NP )VP )S )SBAR )ADJP )VP )VP )S )VP . )S  STOP
(S (SBAR Even if (S (NP the buy-out group )NP (VP is (ADJP able (S (VP to (VP obtain (NP financing )NP )VP )VP )S )ADJP )VP )S )SBAR , (NP the transaction )NP (ADVP still )ADVP (VP faces (NP obstacles )NP )VP . )S  STOP
(S (NP (NP UAL 's )NP board )NP (VP could (VP reject (NP the new price )NP (PP as (ADJP too low )ADJP )PP , (SBAR especially since (S (NP there )NP (VP are n't (NP any competing bids )NP )VP )S )SBAR )VP )VP . )S  STOP
(S (NP (NP Los Angeles investor Marvin Davis )NP , (SBAR (WHNP whose (ADJP $ *UNK- )ADJP offer )WHNP (S (VP was (VP rejected (PP by (NP (NP UAL 's )NP board )NP )PP )VP )VP )S )SBAR , )NP (VP has n't (VP shown (NP (NP signs )NP (PP of (S (VP pursuing (NP (NP a (ADJP $ 300-a-share )ADJP *UNK- bid )NP (SBAR (S (NP he )NP (VP made (NP last month )NP )VP )S )SBAR )NP )VP )S )PP )NP )VP )VP . )S  STOP
(S (PP In (NP addition )NP )PP , (NP (NP the coalition )NP (PP of (NP (NP labor and management )NP , (NP (NP longtime enemies )NP (SBAR (WHNP who )WHNP (S (VP joined (NP forces )NP (PP only under (NP (NP the threat )NP (PP of (NP (NP Mr. Davis 's )NP bid )NP )PP )NP )PP )VP )S )SBAR )NP )NP )PP , )NP (VP could (VP break (PRT apart )PRT (ADVP now )ADVP )VP )VP . )S  STOP
(S (NP (NP The group 's )NP *UNK )NP (VP gets (NP its first test )NP (NP (NP today )NP (SBAR (WHADVP when )WHADVP (S (NP 30 top pilot union leaders )NP (VP *UNK (PP outside (NP Chicago )NP )PP (PP in (NP a previously scheduled meeting )NP )PP )VP )S )SBAR )NP )VP . )S  STOP
(S (NP Union Chairman *UNKC . (PRN -LRB- *UNKC -RRB- )PRN *UNKC )NP (VP faces (NP (NP the tough task )NP (PP of (S (VP explaining (SBAR (WHADVP why )WHADVP (S (NP banks )NP (VP refused (S (VP to (VP finance (NP (NP a buy-out )NP (SBAR (S (NP the members )NP (VP approved (ADVP *UNKLY )ADVP (NP last week )NP )VP )S )SBAR )NP )VP )VP )S )VP )S )SBAR )VP )S )PP )NP )VP . )S  STOP
(S (NP The pilot union )NP (VP is (VP *UNKING (S (VP to (VP pursue (NP an acquisition )NP (SBAR (WHNP whatever )WHNP (S (NP the board )NP (VP decides )VP )S )SBAR )VP )VP )S )VP )VP . )S  STOP
(S But (SBAR if (S (NP the board )NP (VP (VP *UNK (NP a reduced bid )NP )VP and (VP decides (S (VP to (VP explore (NP other alternatives )NP )VP )VP )S )VP )VP )S )SBAR , (NP it )NP (VP could (VP transform (SBAR (WHNP what )WHNP (S (VP has (VP been (NP a *UNK process )NP )VP )VP )S )SBAR (PP into (NP an *UNK one )NP )PP )VP )VP . )S  STOP
(S (NP The pilots )NP (VP could (VP play (NP *UNK )NP (PP by (S (VP noting (SBAR (S (NP they )NP (VP are (ADJP crucial (PP to (NP any sale or restructuring )NP )PP )ADJP (SBAR because (S (NP they )NP (VP can (VP refuse (S (VP to (VP fly (NP the airplanes )NP )VP )VP )S )VP )VP )S )SBAR )VP )S )SBAR )VP )S )PP )VP )VP . )S  STOP
(S (SBAR If (S (NP they )NP (VP were (S (VP to (VP insist (PP on (NP (NP a low bid )NP (PP of (PRN , (S (VP say )VP )S )PRN (NP (NP $ 200 )NP (NP a share )NP )NP )PP )NP )PP )VP )VP )S )VP )S )SBAR , (NP the board )NP (VP might n't (VP be (ADJP able (S (VP to (VP obtain (NP a higher offer )NP (PP from (NP other bidders )NP )PP )VP )VP )S )ADJP (SBAR because (S (NP banks )NP (VP might (VP hesitate (S (VP to (VP finance (NP (NP a transaction )NP (SBAR (S (NP the pilots )NP (VP oppose )VP )S )SBAR )NP )VP )VP )S )VP )VP )S )SBAR )VP )VP . )S  STOP
(S (ADVP Also )ADVP , (SBAR because (S (NP (NP UAL Chairman Stephen Wolf )NP and (NP other UAL executives )NP )NP (VP have (VP joined (NP (NP the pilots ' )NP bid )NP )VP )VP )S )SBAR , (NP the board )NP (VP might (VP be (VP forced (S (VP to (VP exclude (NP him )NP (PP from (NP its *UNK )NP )PP (SBAR in order (S (VP to (VP be (ADJP fair (PP to (NP other bidders )NP )PP )ADJP )VP )VP )S )SBAR )VP )VP )S )VP )VP )VP . )S  STOP
(S (NP That )NP (VP could (VP cost (NP him )NP (NP the chance (S (VP to (VP (VP influence (NP the outcome )NP )VP and (VP (ADVP perhaps )ADVP join (NP the winning bidder )NP )VP )VP )VP )S )NP )VP )VP . )S  STOP